November 10, 2025 • 37 mins
Today on the Jimmy Barrett Show:
- Governor Abbott announces a 4th term
- Aaron Reitz on running for Texas AG
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:03):
What we need is more common sense.
Speaker 2 (00:07):
The.
Speaker 3 (00:10):
Breaking down the world's nonsense about.
Speaker 1 (00:12):
How American common sense.
Speaker 4 (00:13):
We'll see us through with the common sense of Houston.
I'm just pro common sense for Houston from Houston. This
He's the Jimmy Barrett Show, brought to you by viewind
dot Com.
Speaker 3 (00:29):
Now here's Jimmy Barrett.
Speaker 5 (00:32):
Hey, welcome our show. Happy Monday, Greg Abbott. Yesterday, Greg
Abbott here in Houston announced that he is going to
run again for a fourth term as governor of the
great State of Texas. And of course he had a
supportive crowd there, as you can imagine, and there are
plenty of people who are not the least been concerned
(00:55):
about Abbot running for a fourth term, and in fact
kind of like Governor Greg Abbott and and I have
to as governors go there there are far worse people
on the planet than Greg Abbott. Do I think he's perfect?
Speaker 6 (01:04):
No?
Speaker 5 (01:05):
Do I think there's anybody out there who might be
a better governor? I don't know, but I have to
I think there probably is. I you know, I'm not
a big fan of running for office over and over
and over again. I'm not I'm also not a big
fan of term limits. You know, people talk about term
limits all the time. If we could just stop being
lazy and vote for people based on what we really
(01:29):
believe their qualifications are, is that is, voting based on
name recognition, maybe we could get out of this silly cycle.
I'm kind of surprised that Greg Abbott is still in
a position to run for governor because I would have
thought that he would have taken a federal judge by now.
But maybe working in the Trump administration is not what
(01:50):
he had in mind. I would I don't know for
a fact, but you would think, you know, given the
work that he did here on the Texas border, that
he would have been a natural person to vote for
for the Christy Dome job. But maybe that's not a
job he wants or he didn't want. Maybe maybe his
aspirations are greater than that. Maybe the only thing better
in his mind than being the governor of Texas would
(02:12):
be the president of the United States. I don't think
he's a viable presidential candidate. I don't Maybe maybe he's
just happy being governor and what would like to be
governor as long as he can. Whatever the case may be,
here is Governor Abbotts announcing last night giving us the
reason why he believes he should be re elected for
four termined that, of course, making the announcement itself sinsist.
Speaker 1 (02:34):
I've been governor.
Speaker 2 (02:35):
Texas has been ranked number one in America for the
most new jobs.
Speaker 1 (02:40):
Number one in America is the.
Speaker 2 (02:42):
Best state for doing business.
Speaker 1 (02:44):
Every year that have been governor.
Speaker 2 (02:47):
Number one for business expansions and relocations, and number one
and there is that are kind of important to your
everyday lives. Did you know that Texas ranks number one
for the most electricity generation things you need to use
every single day in your homes. In fact, Texas generates
more electricity than the second and third states combined. For
(03:13):
leaders in aerospace, leaders in artificial intelligence. The Texas economy
is growing twice as fast as to the United States economy,
and more Texas have a job today and their.
Speaker 1 (03:25):
Wages are higher than.
Speaker 2 (03:27):
Ever before in the history of Texas. Important is this
and that is the driving force of the Texas economy.
Speaker 1 (03:39):
Are our small businesses.
Speaker 2 (03:40):
Businesses like where we are here tonight is small businesses
represent more than ninety five percent of all businesses in Texas.
Speaker 1 (03:51):
And get this, Texas just announced.
Speaker 2 (03:53):
A new record we now have more than three million
registered businesses in the state of Texas, twice the number
when I first took office. The reason for the success
is that Texas remains the land of opportunity.
Speaker 1 (04:10):
We remain a state.
Speaker 2 (04:12):
That insists on the rule of law.
Speaker 1 (04:14):
In our state.
Speaker 2 (04:18):
We believe in things like.
Speaker 3 (04:20):
Hard work, high expectations, and.
Speaker 2 (04:24):
We value our faith, our families, and our freedom. And
we are a bastion of common sense in a country
that is reeling from far left progressive insanity. Texas is
the common sense state in the United States. But Texas
(04:45):
isn't just another state for your home, your heritage. Texas
is the heartbeat of this land we call America. As Texans,
we will defend this state with every fiber of our bean.
(05:07):
We will protect what we built, We will finish what
we started. We will lead Texas into his glorious feature.
And that's why tonight I'm here to announce I am
running for a re election as your governor, Brother Bright Stanta.
Speaker 5 (05:23):
Texas, four more, four more years. Yep, gummer rabbit is
taking note. Stab at it. You know, I'm kind of
looking up while I was listening to that kind of
looking up. You know, does he do it for the money.
(05:44):
I don't think that. I don't think it's about the
money because it's it doesn't I mean, it's not a
bad salary. But but see what does the Texas governor make?
Texas governor makes about one hundred and fifty three thousand
dollars a year. Whoop, pardon me, I dropped my little
my little tablet that's keeping the information on. Yeah, he
makes about one hundred and fifty three thousand dollars a year.
(06:06):
New York's governor makes the most, two hundred and fifty
thousand dollars a year. Most governors are somewhere in that
one eighty to two thirty range, although there are a
couple of them that really don't make that much. Uh,
where do I see that Maine mains governor? You know
what mains governor gets? Mainz governor gets seventy thousand dollars
(06:28):
a year, Colorado's governor only ninety thousand, Arizona ninety five,
Oregon ninety eight thousand, six hundred, and then there's numerous
states that are barely over one hundred thousand. So it
pays better than some states. But I mean, studying, I
would think as a successful attorney. He would make more
money doing that, so I'm guessing it's more than just
(06:49):
money as a motivator. But we asked our listeners this
morning about this. Are you excited at the prospect of
another four years of Greg Abbott? He got lukewarm on
the idea. Do you wish that there was somebody else running?
Do you have anybody else in mind that you'd rather
see running other than Greg gabtt here's some of those thoughts.
Speaker 3 (07:09):
They only Lake Conrod.
Speaker 5 (07:10):
Yeah, Governor Rabbit, I can handle him for four more years.
Speaker 7 (07:14):
Yeah, you know you can't get everything, dude.
Speaker 3 (07:18):
I think you did pretty good.
Speaker 1 (07:20):
Strict from the east side.
Speaker 2 (07:22):
I think it would be good to possibly have some
new and fresh ideas. I would be interested in that,
as long as they're not left his socialist ideas.
Speaker 5 (07:32):
Okay, So I would say that's kind of a lukewarm
reaction so far.
Speaker 8 (07:38):
There's no doubt that I'm very proud of Governor Habbit
and the amazing work he has done. And it's almost
twelve years in office, as our offense, as our office,
as our office, as our office, as our office.
Speaker 1 (07:46):
As our governor.
Speaker 8 (07:47):
He has always had Texas in the right direction. Directly
on the border and an education and a lot of
issues he has. There's still a lot of work to
be done on property taxes, and honestly, I will not
be happy until property taxes are fully eminated. So unless
there's someone better than Abbot who will campaign on eliminating
taxes and follow through with that, my vote is still
(08:07):
with Abbott.
Speaker 9 (08:08):
David and at Casida, I'm okay with Abbot coming back
for another term. I would like to see a good,
vibrant primary process happen and might earn it, not just
walk in and not have anybody go up against him.
Speaker 3 (08:27):
I don't know what. I didn't hear any stuttering.
Speaker 5 (08:30):
And the first time I played that that one cut
there that over and over again, soil glitch in the system,
I guess. All right, So one really enthusiastic response and
two kind of okay, it's it's all right, Yeah, I
can do four more years of Greg Abbott and that's
probably what the voters will say too. All right, quick
a little break. By the way, there is a new
(08:52):
hat in the ring for Attorney General. Next segment, we'll
hear from him. His name is Aaron Wright's. He's a
US marine. Well, he's a retired US marine. I called
him a former marine I think this morning. And you know,
you never once you're a marine, you're always marine. You're
never really a foreign marine. We'll be back with that
and more, and just a moment of Jimmy Baert Show
here on AM nine to fifty KRC.
Speaker 6 (09:29):
SO.
Speaker 3 (09:30):
With Ken Paxton.
Speaker 5 (09:33):
Running for the Senate instead of attorney general, the Texas
Attorney General's race, he's getting to be pretty pretty crowded field,
as it turns out. And yeah, we've got another one
who is evidently filing for today. His name is Aaron Wrights,
Aaron Rights, former or better said of retired US marine,
(09:56):
because you're never really a former marine. Once a marine,
always a marine. But what else does he bring to
the table. We kind of let him introduce himself to
our audience here this morning. Here's my conversation with the
latest attorney general contestant, Aaron Wrights. What makes you want
to run for Attorney general?
Speaker 10 (10:15):
Well, look, I mean, I think it's great that we
are formally filing for my candidacy on the two hundred
and fiftieth birthday of the United States Marine Corps. Because
when the stakes are high and When the fight is hot,
our country sends in the Marines.
Speaker 3 (10:29):
That's what we do. Okay.
Speaker 10 (10:31):
We are the United States lethal fighting edge, the tip
of the spear. And the reason why I'm running for
Texas Attorney General is because we are in an existential
conflict with the forces of the left, and I know
from personal experience that the primary arena in which we're
fighting these dark forces is the justice system. We need
battle tested, battle hardened marines who have proven themselves litigating, investigating, suing, defending,
(10:56):
and appealing on all the major issues that determine really
the future of our country and the state of Texas.
And I'm the only one in this crowded field who's
been in legal combat for years and years, fighting against
and winning against the left in court and throughout the
justice system.
Speaker 3 (11:12):
That's why I'm running.
Speaker 5 (11:13):
You know, It's one thing to have to fight against
the federal government when the federal government is being run
by the left. Right right now, it's a little bit
easier thanks for having the Trump administration there, But as
we get more and more people moving here from California
and maybe from New York now that they've decided they're
going to go communists with their next mayor. It might
get a little bit tougher here too, right, for.
Speaker 3 (11:34):
Sure, you have no doubt.
Speaker 10 (11:35):
Look, I was Attorney General Ken Paxson's deputy for three
years fighting against the Biden administration. Packson has endorsed me
to succeed him as the next Attorney General of Texas,
and that's because of my record suing the Biden administration.
In fact, I sued the forty six president forty six
times and I won eighty five percent of those cases.
Now you're exactly right, though, Jimmy, We've got an ally
(11:56):
in the White House. In fact, I just came from
the president medentally appointed Senate confirmed role as the head
of the Office of Legal Policy in Trump's Justice Department.
And so there's no greater friend as the next age
of Texas who can partner with the Trump administration, with
the Justice Department, with the Department of Homeland Security to
bring those benefits, resources and focus to benefit Texas as
(12:19):
a whole.
Speaker 3 (12:20):
But you're also exactly right.
Speaker 10 (12:21):
We've got these deep blue pockets in Texas, the big
blue cities, the big blue counties in particular, where a
lot of your listeners are at here in Harris County
and in the City of Houston, there is so much fraud, waste, abuse, criminality,
just absolute chaos and corruption that's happening. And the Attorney
General is going to play a critical role in smoking
(12:43):
out that corruption, holding corrupt public officials responsible, and ensuring
that our big blue pockets in Texas, which you're getting
bluer and bluer by the day for the same reasons
as you just said, we need a chief Legal Officer
of Texas who's going to come bring the heat to
these guys. Nobody better that's able to do that than me.
Speaker 5 (13:03):
Heck, fighting corruption in Harris County is the full time
job in and of itself.
Speaker 3 (13:08):
Yeah, we've only got to no souconds left.
Speaker 5 (13:09):
But as we mentioned, it is a crowded field, and
you have some people like Chip Roy with name recognition,
so obviously coming out of our program and other programs
to get attention is a good idea. What are the
things can you do to try to make inroads when
you're running against relatively big names.
Speaker 10 (13:25):
Yeah, I think the only big name in this race
really is Chip Roy. There are other two locals who
folks in the Harris County area may know, but really
their campaigns are floundering and they're not running credible campaigns.
The issue here is who is best qualified to serve
as the next chief legal officer of Texas. And my
record litigating, investigating, suing, defending, and appealing on all the
major issues puts me head and shoulders above the competition.
(13:47):
And even if I were to grant that Chip Roy
has higher name ID, which of course he does, he's
been in Congress blasting the President, blasting MAGA voters, trying
to get Ken Paxon removed.
Speaker 3 (13:57):
From office his high name ID.
Speaker 10 (13:58):
The flip side of that coin is he's got catastrophically
bad negatives. He called for President Trump to be impeached
in January twenty twenty one. He sided with Mike Pence
to certify the stolen election of twenty twenty.
Speaker 3 (14:10):
He was the first.
Speaker 10 (14:11):
Elected official in the United States to call for Ken
Paxson to be removed from office. This is somebody who
is too unstable, an eagle maniapal to be trusted as
the next Attorney General of Texas. And I guarantee you
that President Trump will not be happy when if he's
elected as the AG because of how many times he's
backstabbed the president's supporters as well as President Trump. If
Texans want what President Trump called me a true maga attorney,
(14:34):
vote for Aaron Wrights for Attorney General. Aaronrights dot com
re ei TZ.
Speaker 3 (14:39):
There you go. He's very good at that. I will say.
Speaker 5 (14:43):
I mean, you know, whenever you heard the last interview
of the morning show on our show, you know you're
up against the clock. And he made sure he got
all the information in that he wanted to get in.
Good for him, Good for him. Hey, little news you
can use before we wrap up the segment of our show.
And it's something I didn't get to this morning on
a morning show in ktr H, and that is artificial intelligence.
(15:06):
There have been a lot of reports about all the
jobs that we are starting to lose through AI. There's
a lot of jobs that are in danger as a
result of AI. Jobs that do not seem to be
in any danger from AI are jobs. They are working
man jobs, blue what we used to call blue collar jobs. Plumbers, electricians,
(15:32):
HVAC type positions, installing and repairing those mechanics. Those are
things that you might be able to get some AI
enhancement on or help with. But at the end of
the day, those jobs are not going to be replaced
by AI. I saw MICRO. Of course, Micro, the Dirty
(15:53):
Hands guy is always about promoting this as his MICRO foundation.
He's always been about promoting, you know, getting trained to
do that type of work, as I've tried to do
my program as well. So here's Mike Road talking about
the latest on AI and the jobs that are disappearing
as a result of AI, and the jobs that are
not going to disappear because of AI.
Speaker 3 (16:15):
I think it's affecting everything.
Speaker 11 (16:17):
Obviously, I don't have a crystal ball, but I thought
of you.
Speaker 3 (16:21):
A week or two ago.
Speaker 11 (16:22):
I was in Plano, Texas, and I got a tour
of a data center, and we hear so much about
these things, but I'd never really walked through one before.
And while I was in there, I ran into a
couple of electricians, all of whom had been poached three
times in the last year, all of whom we're making
(16:43):
north of two hundred and forty thousand dollars a year.
That's the nature of the demand for electricians right now.
These guys are all under thirty, by the way, so yes,
AI is impacting them in one way.
Speaker 3 (16:58):
It's impacting coders.
Speaker 11 (17:00):
In another way, the piece you just did, Edward talking
about energy is obviously spot on. Right next to those
rare earths are these polymetallic nodules and underwater mining and
the hundreds of thousands of jobs that are going to
be created in that industry alone. No one's talking about.
There is a wildly complicated fluid situation, and AI is
(17:23):
going to touch.
Speaker 3 (17:24):
All of it.
Speaker 7 (17:25):
AI replaces white collar jobs, but AI enhances blue collar jobs.
Speaker 3 (17:32):
It makes a blue collar job more efficient. Would you
agree with.
Speaker 11 (17:35):
That, I'd say it's very ironic because for seventeen years
and my foundation, all I heard was the robots are
coming to take the welders right. Well, no, actually everything
is evolving a bit. But right now, from where I'm sitting,
the most security I can find in the workforce is
(17:57):
in the classic trade jobs. Alex Karp talks about this
all the time, and the headlines have caught up to
his message as well. Over it, Palenteer, It's just an
extraordinary confluence of things that I think is redefining the
job market and the definition of a practical education.
Speaker 5 (18:19):
Yeah, no doubt about it. I think that blue collar jobs.
You heard that exactly. It's given right young young men.
I assume young men primarily, not exclusively, but primarily under
the age of thirty making two hundred and forty thousand
dollars a yr plus by being an electrician because the
(18:39):
job is in that much demand and in the shortage
is real. Now, the shortage is going to end up,
you know, those some of those sellaries are probably going
to end up coming down a little bit because the
shortage won't be there forever. The people are waking up.
Young people are waking up to the idea that if
you really want to have a secure future in an
AI world, you need to learn to try. And we
(19:02):
have gone from zero popularity on trades to I think
we're gonna go do a one eight and go completely
in the other direction on that. So there'll be more
people entering being an electrician, HVAC, plumbing and all that
kind of stuff, and that may end up driving the
price down just a little bit as far as salaries go,
because there'll be more and more people interested in doing
the jobs. But it's still the opportunity there is very
(19:25):
very real. To me, that makes much more sense than
sending a kid who doesn't have any idea what they
want to do with their lives. Off to college for
four years to get a degree that will get them nothing.
All right, quick little break back with more in a
moment Jimmy Barrett Show here on AM nine fifty kight PRC. So,
(20:00):
President Trump has proposed something that I find very interesting
and very scary all at the same time, because well,
mainly because of my age and what I'm used to.
But the reality is that when it comes to home mortgages,
you know, the thirty year, fifteen year, or thirty years
pretty standard. Now do you have to finance for fifteen
(20:23):
or thirty years. No, you can finance for seven years
if you want, or twenty years if you want, or
twenty five years. It doesn't have to be fifteen or thirty.
And there are things you can do to pay down sooner,
and people generally like to do that. I certainly have
done that in my lifetime. I have a mortgage currently
(20:43):
that I'm not anywhere really close to paying off. I
wish I was, because I'm going to need to figure
out how to pay that thing off before I can
really afford to retire, because it'd be tough to retire
with a house payment. In addition to all the other
monthly expenses that you have. So as I get a
little bit older and I start thinking about that, I
(21:05):
start thinking about this proposal that President Trump is making,
and it scares me a little bit because I can
see the positive, but I see more negative than I
see positive. What President Trump is proposing is that we
have fifty year mortgages. As I said, fifteen or thirty
(21:26):
or standard right now. You know, there wasn't a thirty
year mortgage before Franklin Delano Roosevelt FDR, and he came
up with that proposal during as a part of the
New Deal, thirty year home loan, so that you could
make housing more affordable. Well, you make it more affordable
in one way, and that you lower the monthly payment,
(21:49):
but you also take away a lot of other things
that are very positive about paying off your home loan
as soon as you can. I saw economists Steve Moore
in Fox Business talking about the President's fifty year mortgage proposal.
Here's what Steve Moore from an economic stand boy, here's
what he had to say about the idea.
Speaker 12 (22:06):
Here's what would happen if you had these fifty year mortgages.
Your monthly mortgage payment would go down, right, Charlie, because
you're paying that mortgage over fifty years rather than say
twenty or thirty years. So if you want to make
housing more affordable in the very short term, that might
be a good way to bring down monthly mortgage payments.
(22:27):
But then you're going to pay for a long long time.
You're going to be fanning that mortgage payment for most
of your life, and so that's a question of whether
it makes sense financially to people. But right now, where
people are really struggling to find a home where they
can meet those mortgage payments, it might make sense for people.
By the way, the federal government should also be issuing
fifty year debt because interest rates are low, be a
(22:50):
way for us to lock in low interest rates so
that if we had a huge spike and interest rates
in the future, we wouldn't be in a real problem
situation financially.
Speaker 13 (23:00):
And so, of course after thirty years, if you had
a fifty year mortgage, after thirty years, the way banks
structure loans, you probably still wouldn't own, but about ten
percent actually own, but about twenty percent.
Speaker 12 (23:12):
Years a good point. That's a good point. You know,
you want you want to build up equity in your home.
That's why a lot of people, you know, when they
have the financial means to do so, they speed up
their mortgage payments. But listen, the problem with our housing
situation right now really is so many restrictions on building
multifamily homes in a lot of areas. By the way,
(23:33):
I can tell you one city in America where housing
prices are going to go way down. You know what
city that is? What's that New York City? Because everybody's
going to move.
Speaker 3 (23:41):
On right exactly exactly. So if you want to buy
a house, maybe think about doing it in New York.
Speaker 5 (23:45):
No thanks, no thanks, I'll pass on that. But think
about that again when you're young. I remember, you know
when when when I bought my first home, and I
didn't think for a mins it about it being a
thirty year loan because I knew I wouldn't be living
in that house for thirty years. And maybe, if you're
(24:07):
just an entry level buyer, the idea of a fifty
year home mortgage doesn't necessarily scare you because you know
it's your first house and you're not going to be there,
certainly not forever. But here's what it does do is
it is? It kills equity because if you've ever looked
at an amateurization sheet, you ever looked at those things, Oh,
(24:31):
that's scary. When you close on a home loan and
they print this aberturization sheet and it shows you what
the balance is every year going through the loan, and
they projected out for thirty years, and you realize that
you're paying a lot of the interest ufffront. When you
get the first ten years you have a home loan,
(24:52):
you're paying mainly interest and very little principle. It's only
as you get deeper into the loan you start paying
more in the way of a principle and less than
the way of interest. It's just I don't know how
what they call that or how how they it's worked
out that way for banks that they set it up
that way, But they set up that way so they
make sure they make their money. But if you're not
(25:13):
paying down equally on principle throughout the entire home loan
and it's going to take you ten years in before
you really start making a dent in that, then that
tells you that. You know, if you buy home on
a fifty year home loan and you're there for ten years,
you do virtually nothing to pay down the principle. So
whatever equity you have in that home is whatever. Whatever
(25:37):
that home is worth compared to what it was the
ten years before you bought it. Now you can make
some assumptions about inflation. You know, we never dreamed when
we bought our house. We bought our house when we
moved here in twenty seventeen, our last house. We're still there.
So we've been there for eight years, and in eight
years we've seen the value of it. The not double,
(26:00):
but it's up probably eighty percent compared to what we
paid for it. But so's the price of everything else
you have to buy. So even though it looks like
we got this nice little chunk of changing equity in
this home, at the end of the day, we have
to pay that much more for anything else that we're buying.
That's the funny thing about inflation. It makes you feel
like you got money when you don't not really. And
(26:24):
you know, we're just now getting to the point in
that home mortgage where it's starting to make a dent
in the principle, But it would take that much longer
in a fifty year loan ours is a thirty year loan.
It would take years, you know, decades longer to make
the same sort of impact on the principal balance of
the home loan with a fifty year loan. That scares me.
(26:44):
That scares me. Wouldn't have scared me probably when I
was twenty, but it certainly scares me now. So here's
the question is does that turn around the home loan?
What kind of interest rate can you get on a
fifty year mortgage? By the way, we know what thirty
years are going for right now at about six percent?
Can he get a lower interest rate on a fifty
(27:05):
year loan? Does it lower the how much more does
it lower the payment by paying an extra twenty years
theoretically into the loan. How many people does that help?
Does that help jump start, you know, home sales? Because
I think that's what the person is looking at. He's
trying to figure out some way to jumpstart home sales.
All right, I suppose we should talk I haven't really
(27:26):
said anything yet about it, but we should talk a
little bit about the old news. Now that the Senate
managed to get enough people to come over, that's sixty forty,
about ten to thirty five last night, by vote of
sixty forty, they were able to finally begin the end
of the government shutdown. I mean, he still has to
(27:49):
go through the House. There's some things that still need
to happen in all this, but at least we're the
beginning of the end of the government shutdown. So I'll
tell you what next segment, we'll share some audio from
last night and some of the players and all this.
Chuck Shiverer's not happy, Bernie Sanders isn't happy. But I
have some audio to share with you with one of
(28:10):
the Democrats, one of the senators from New Hampshire that
voted in favor of the Continuing Resolution to tend the
government shutdown and why she says partbek why she says
she did it back with more in a moment Jimmy
Bird Show, AM nine fifty KDRC. All right, So last night,
(28:44):
sixty to forty vote, Senate Democrats finally caved in, at
least enough of them caved in, seven of them. I
guess it was that we ended up getting the sixty
votes necessary in order to be able to end the
government shutdown. Theoretically, it still has to go in front
of the House. There's some things that have to happen
before it happens. But for all practical purposes, it's over with.
(29:07):
Not to say that we are going to have a
hangover for a while and travel in some other things.
I'm sure we will. But before the vote got taken
last night, you had people like Bernie Sanders and Chuck
Shimmer standing up warning against voting for this because of
what it would do to healthcare. Here's a perfect example
from Bernie Sanders.
Speaker 7 (29:26):
And if this resolution is past tonight, we are on
a pathway to throw fifteen million Americans off of Medicaid
and the Affordable Care Act, fifteen million. Our job is
to create universal healthcare, guarantee healthcare every man, woman, and child,
(29:46):
not throw fifteen million people off the healthcare. They have
low income and working class people, and my friends know
what you are voting on.
Speaker 3 (29:56):
Studies are out there.
Speaker 7 (29:57):
Then when you throw fifteen million people off healthcare, some
fifty thousand of our fellow Americans will die unnecessarily. Every
single yale anyone think that's funny, something to laugh at,
something you just go past.
Speaker 5 (30:16):
No, but you are you know you can't listen to
him without laughing. I can't listen to him without laughing.
So Bernie says, fifty thousand Americans will die needlessly because
of the end of subsidies for Obamacare, which we're never
supposed to be permanent, and don't fix the problem. Subsidies
(30:38):
do not fix the problem of why it's so expensive. Affordable.
The Affordable Care Act is not affordable. That's the problem,
and that's why the need to be concentrating making their decisions.
And you know, Bernie, you know nothing. You don't already
know this, But Bernie already said where he stands. Bernie,
Bernie wants universal healthcare. He wants everybody to be on
government run healthcare. And I think we've already shown in
(31:02):
the past that that's not something we support, at least
not at this point in time in our country's history.
So there you go. Now, as far as those who defected,
one of them is a senator from New Hampshire, Senator Hassen.
Here's Senator Hassen explaining why she decided to go ahead
(31:23):
and vote in favor of ending the government shutdown.
Speaker 14 (31:27):
At a time when families desperately need relief. Washington's dysfunction
is making life harder for families, and the last thirty
nine days are proof of that a record long government shutdown,
paired with record high health insurance costs increases, is not
the kind of history that the American people want Congress
(31:49):
to make. Over the last several weeks, I've heard from
Granite Staters who can't afford a doubling of their health
insurance costs. I've also heard from families about the deep
pain that the government shutdown has caused, made worse by
a president who illegally and repeatedly chose to cut off
(32:09):
help for families who are just trying to buy groceries.
After weeks of bipartisan conversations, I voted today to reopen
the government so that we can get back to the
work of helping Granite Staters. This agreement fund SNAP and
food assistance programs, ensures that law enforcement, air traffic controllers,
(32:31):
and other federal workers get paid, reverses the president's recent
reckless layoffs and prevents them from happening in the future,
and crucially gives Congress a clear path forward to protecting
people's healthcare.
Speaker 5 (32:47):
Okay, Bertie doesn't think that's a clear path forward, but
what it does do is, as you said, it does
provide what it does, you know, what, it takes the
threat if another government shutdown kind of off the table
to a certain extent, which I kind of like because
the only way that people get upset about a government
(33:09):
shutdown is when it impacts them personally. So certainly travelers
are upset because we've had you know, thousands upoun thousands
of cancelations and delays because of the air traffic control situation.
So that makes that makes them happy that you't have
to worry about that for the entire next year, even
though the rest of this continuing Resolution is only funding
(33:32):
some parts of the government through the end of January,
does fund it through the air traffic control and some
of the other critical things through the entire year snap
program all through twenty twenty six. So next time if
they try government shutdown, you won't even notice because anybody
(33:53):
who needs to get paid will get paid. And it's
just the stuff that nobody gets a rip about anyway.
So on one hand, they consider it a victory. I
guess that they're getting these things funded, that's fine. But
on the other hand, they're kind of, you know, taking
away their own leverage, which is probably what Chuck Shum's
(34:14):
upset about and maybe Bernie Sanders too. What leverage do
we have now? Air traffic control is gonna get paid,
noose flight's gonna get interrupted. We're not gonna have to
worry about that. Where's the leverage. Leverage is gone, which
is good because at this point we just need to
get this done. And I guess they agreed to have
(34:34):
some sort of a vote at some point in time.
I don't know if they gave a specific date by
a certain time on healthcare, which in the minds of
Democrats is you know, extending the Obamacare, you know, the
stipends that they were giving to people who could not
afford the Affordable Care Act. Now, that's not guarantee that
it passes. It's just to guarantee that there'll be some
(34:57):
sort of vote. That's all they guarantees. He doesn't make
that much of a difference. All right, One little last
topic here before we call today, and that is comes
from the comes from the Big Money Show over on
Fox Business. Warning signs about the economy. Fast food is
kind of a warning sign of what's going on with
the economy right now here. They are talking about.
Speaker 6 (35:18):
That, sending mixed signals about the strength of the consumer.
I think this is condicative of that you're seeing value consciousness.
But at the same time, I want to point out
I know we always bring this up in tandem with
these consumer stocks, but golp one drugs are now going
to be the best selling drugs in the country now,
outpacing Markskey true to at over.
Speaker 3 (35:35):
Thirty billion a year.
Speaker 6 (35:37):
So think about that that was a cancer drug, now
this is a weight loss drug, and that you're pairing
that with higher costs of food and less consumption. I
think this is a trend that you really have to
be careful with. Like Chipotli, I don't want to pick
on Brian when he's not here to do it, but
that stock is not just suffering from sensitivity economic sensitivity,
it's suffering from brand staleness and just inconsistency, which is
the bell weather of good franchises. Everything is the same.
(36:00):
Donalds is very similar, right, they're going to bring out
the value meal. I remember when hamburgers and cheeseburgers were
fifty nine and sixty nine cents. When they get north
and you know meals are costing fifteen to twenty dollars.
Speaker 3 (36:10):
I'm not going to McDonalds on the quest, not.
Speaker 15 (36:12):
The problem is the price got so expensive it's no
bargain anymore. And if you're a health conscious consumer, which
many of our consumers are in America, not everybody, but
more are you also realized since the inflation crisis under
Joe Biden, the quality of these cheap places, dining restaurants,
the quality has gone down. You're using worse oils, cheaper oils,
(36:32):
cheaper meats, and so I do think there's a segment
of the population sitting back and saying, I'm paying more
for this, I'm getting less food and less quality. Maybe
there is an alternative, and the cheapest alternative would be packing.
Speaker 3 (36:44):
A snack from home.
Speaker 5 (36:45):
Yeah, I mean, why bother to go for the fast
food when you're getting less quality and you're paying that
much more for it. At that point, it's not worth
it fast food. Burger joins like that fast food is
not worth it unless it is better than what you
can provide for yourself at home, and fast food has
kind of priced themselves out of that category. All right,
(37:06):
Gotta leave it at that. You all have a great day,
Thanks for listening, See you tomorrow morning.
Speaker 3 (37:10):
Burden earlier
What we need is more common sense.
Speaker 2 (00:07):
The.
Speaker 3 (00:10):
Breaking down the world's nonsense about.
Speaker 1 (00:12):
How American common sense.
Speaker 4 (00:13):
We'll see us through with the common sense of Houston.
I'm just pro common sense for Houston from Houston. This
He's the Jimmy Barrett Show, brought to you by viewind
dot Com.
Speaker 3 (00:29):
Now here's Jimmy Barrett.
Speaker 5 (00:32):
Hey, welcome our show. Happy Monday, Greg Abbott. Yesterday, Greg
Abbott here in Houston announced that he is going to
run again for a fourth term as governor of the
great State of Texas. And of course he had a
supportive crowd there, as you can imagine, and there are
plenty of people who are not the least been concerned
(00:55):
about Abbot running for a fourth term, and in fact
kind of like Governor Greg Abbott and and I have
to as governors go there there are far worse people
on the planet than Greg Abbott. Do I think he's perfect?
Speaker 6 (01:04):
No?
Speaker 5 (01:05):
Do I think there's anybody out there who might be
a better governor? I don't know, but I have to
I think there probably is. I you know, I'm not
a big fan of running for office over and over
and over again. I'm not I'm also not a big
fan of term limits. You know, people talk about term
limits all the time. If we could just stop being
lazy and vote for people based on what we really
(01:29):
believe their qualifications are, is that is, voting based on
name recognition, maybe we could get out of this silly cycle.
I'm kind of surprised that Greg Abbott is still in
a position to run for governor because I would have
thought that he would have taken a federal judge by now.
But maybe working in the Trump administration is not what
(01:50):
he had in mind. I would I don't know for
a fact, but you would think, you know, given the
work that he did here on the Texas border, that
he would have been a natural person to vote for
for the Christy Dome job. But maybe that's not a
job he wants or he didn't want. Maybe maybe his
aspirations are greater than that. Maybe the only thing better
in his mind than being the governor of Texas would
(02:12):
be the president of the United States. I don't think
he's a viable presidential candidate. I don't Maybe maybe he's
just happy being governor and what would like to be
governor as long as he can. Whatever the case may be,
here is Governor Abbotts announcing last night giving us the
reason why he believes he should be re elected for
four termined that, of course, making the announcement itself sinsist.
Speaker 1 (02:34):
I've been governor.
Speaker 2 (02:35):
Texas has been ranked number one in America for the
most new jobs.
Speaker 1 (02:40):
Number one in America is the.
Speaker 2 (02:42):
Best state for doing business.
Speaker 1 (02:44):
Every year that have been governor.
Speaker 2 (02:47):
Number one for business expansions and relocations, and number one
and there is that are kind of important to your
everyday lives. Did you know that Texas ranks number one
for the most electricity generation things you need to use
every single day in your homes. In fact, Texas generates
more electricity than the second and third states combined. For
(03:13):
leaders in aerospace, leaders in artificial intelligence. The Texas economy
is growing twice as fast as to the United States economy,
and more Texas have a job today and their.
Speaker 1 (03:25):
Wages are higher than.
Speaker 2 (03:27):
Ever before in the history of Texas. Important is this
and that is the driving force of the Texas economy.
Speaker 1 (03:39):
Are our small businesses.
Speaker 2 (03:40):
Businesses like where we are here tonight is small businesses
represent more than ninety five percent of all businesses in Texas.
Speaker 1 (03:51):
And get this, Texas just announced.
Speaker 2 (03:53):
A new record we now have more than three million
registered businesses in the state of Texas, twice the number
when I first took office. The reason for the success
is that Texas remains the land of opportunity.
Speaker 1 (04:10):
We remain a state.
Speaker 2 (04:12):
That insists on the rule of law.
Speaker 1 (04:14):
In our state.
Speaker 2 (04:18):
We believe in things like.
Speaker 3 (04:20):
Hard work, high expectations, and.
Speaker 2 (04:24):
We value our faith, our families, and our freedom. And
we are a bastion of common sense in a country
that is reeling from far left progressive insanity. Texas is
the common sense state in the United States. But Texas
(04:45):
isn't just another state for your home, your heritage. Texas
is the heartbeat of this land we call America. As Texans,
we will defend this state with every fiber of our bean.
(05:07):
We will protect what we built, We will finish what
we started. We will lead Texas into his glorious feature.
And that's why tonight I'm here to announce I am
running for a re election as your governor, Brother Bright Stanta.
Speaker 5 (05:23):
Texas, four more, four more years. Yep, gummer rabbit is
taking note. Stab at it. You know, I'm kind of
looking up while I was listening to that kind of
looking up. You know, does he do it for the money.
(05:44):
I don't think that. I don't think it's about the
money because it's it doesn't I mean, it's not a
bad salary. But but see what does the Texas governor make?
Texas governor makes about one hundred and fifty three thousand
dollars a year. Whoop, pardon me, I dropped my little
my little tablet that's keeping the information on. Yeah, he
makes about one hundred and fifty three thousand dollars a year.
(06:06):
New York's governor makes the most, two hundred and fifty
thousand dollars a year. Most governors are somewhere in that
one eighty to two thirty range, although there are a
couple of them that really don't make that much. Uh,
where do I see that Maine mains governor? You know
what mains governor gets? Mainz governor gets seventy thousand dollars
(06:28):
a year, Colorado's governor only ninety thousand, Arizona ninety five,
Oregon ninety eight thousand, six hundred, and then there's numerous
states that are barely over one hundred thousand. So it
pays better than some states. But I mean, studying, I
would think as a successful attorney. He would make more
money doing that, so I'm guessing it's more than just
(06:49):
money as a motivator. But we asked our listeners this
morning about this. Are you excited at the prospect of
another four years of Greg Abbott? He got lukewarm on
the idea. Do you wish that there was somebody else running?
Do you have anybody else in mind that you'd rather
see running other than Greg gabtt here's some of those thoughts.
Speaker 3 (07:09):
They only Lake Conrod.
Speaker 5 (07:10):
Yeah, Governor Rabbit, I can handle him for four more years.
Speaker 7 (07:14):
Yeah, you know you can't get everything, dude.
Speaker 3 (07:18):
I think you did pretty good.
Speaker 1 (07:20):
Strict from the east side.
Speaker 2 (07:22):
I think it would be good to possibly have some
new and fresh ideas. I would be interested in that,
as long as they're not left his socialist ideas.
Speaker 5 (07:32):
Okay, So I would say that's kind of a lukewarm
reaction so far.
Speaker 8 (07:38):
There's no doubt that I'm very proud of Governor Habbit
and the amazing work he has done. And it's almost
twelve years in office, as our offense, as our office,
as our office, as our office, as our office.
Speaker 1 (07:46):
As our governor.
Speaker 8 (07:47):
He has always had Texas in the right direction. Directly
on the border and an education and a lot of
issues he has. There's still a lot of work to
be done on property taxes, and honestly, I will not
be happy until property taxes are fully eminated. So unless
there's someone better than Abbot who will campaign on eliminating
taxes and follow through with that, my vote is still
(08:07):
with Abbott.
Speaker 9 (08:08):
David and at Casida, I'm okay with Abbot coming back
for another term. I would like to see a good,
vibrant primary process happen and might earn it, not just
walk in and not have anybody go up against him.
Speaker 3 (08:27):
I don't know what. I didn't hear any stuttering.
Speaker 5 (08:30):
And the first time I played that that one cut
there that over and over again, soil glitch in the system,
I guess. All right, So one really enthusiastic response and
two kind of okay, it's it's all right, Yeah, I
can do four more years of Greg Abbott and that's
probably what the voters will say too. All right, quick
a little break. By the way, there is a new
(08:52):
hat in the ring for Attorney General. Next segment, we'll
hear from him. His name is Aaron Wright's. He's a
US marine. Well, he's a retired US marine. I called
him a former marine I think this morning. And you know,
you never once you're a marine, you're always marine. You're
never really a foreign marine. We'll be back with that
and more, and just a moment of Jimmy Baert Show
here on AM nine to fifty KRC.
Speaker 6 (09:29):
SO.
Speaker 3 (09:30):
With Ken Paxton.
Speaker 5 (09:33):
Running for the Senate instead of attorney general, the Texas
Attorney General's race, he's getting to be pretty pretty crowded field,
as it turns out. And yeah, we've got another one
who is evidently filing for today. His name is Aaron Wrights,
Aaron Rights, former or better said of retired US marine,
(09:56):
because you're never really a former marine. Once a marine,
always a marine. But what else does he bring to
the table. We kind of let him introduce himself to
our audience here this morning. Here's my conversation with the
latest attorney general contestant, Aaron Wrights. What makes you want
to run for Attorney general?
Speaker 10 (10:15):
Well, look, I mean, I think it's great that we
are formally filing for my candidacy on the two hundred
and fiftieth birthday of the United States Marine Corps. Because
when the stakes are high and When the fight is hot,
our country sends in the Marines.
Speaker 3 (10:29):
That's what we do. Okay.
Speaker 10 (10:31):
We are the United States lethal fighting edge, the tip
of the spear. And the reason why I'm running for
Texas Attorney General is because we are in an existential
conflict with the forces of the left, and I know
from personal experience that the primary arena in which we're
fighting these dark forces is the justice system. We need
battle tested, battle hardened marines who have proven themselves litigating, investigating, suing, defending,
(10:56):
and appealing on all the major issues that determine really
the future of our country and the state of Texas.
And I'm the only one in this crowded field who's
been in legal combat for years and years, fighting against
and winning against the left in court and throughout the
justice system.
Speaker 3 (11:12):
That's why I'm running.
Speaker 5 (11:13):
You know, It's one thing to have to fight against
the federal government when the federal government is being run
by the left. Right right now, it's a little bit
easier thanks for having the Trump administration there, But as
we get more and more people moving here from California
and maybe from New York now that they've decided they're
going to go communists with their next mayor. It might
get a little bit tougher here too, right, for.
Speaker 3 (11:34):
Sure, you have no doubt.
Speaker 10 (11:35):
Look, I was Attorney General Ken Paxson's deputy for three
years fighting against the Biden administration. Packson has endorsed me
to succeed him as the next Attorney General of Texas,
and that's because of my record suing the Biden administration.
In fact, I sued the forty six president forty six
times and I won eighty five percent of those cases.
Now you're exactly right, though, Jimmy, We've got an ally
(11:56):
in the White House. In fact, I just came from
the president medentally appointed Senate confirmed role as the head
of the Office of Legal Policy in Trump's Justice Department.
And so there's no greater friend as the next age
of Texas who can partner with the Trump administration, with
the Justice Department, with the Department of Homeland Security to
bring those benefits, resources and focus to benefit Texas as
(12:19):
a whole.
Speaker 3 (12:20):
But you're also exactly right.
Speaker 10 (12:21):
We've got these deep blue pockets in Texas, the big
blue cities, the big blue counties in particular, where a
lot of your listeners are at here in Harris County
and in the City of Houston, there is so much fraud, waste, abuse, criminality,
just absolute chaos and corruption that's happening. And the Attorney
General is going to play a critical role in smoking
(12:43):
out that corruption, holding corrupt public officials responsible, and ensuring
that our big blue pockets in Texas, which you're getting
bluer and bluer by the day for the same reasons
as you just said, we need a chief Legal Officer
of Texas who's going to come bring the heat to
these guys. Nobody better that's able to do that than me.
Speaker 5 (13:03):
Heck, fighting corruption in Harris County is the full time
job in and of itself.
Speaker 3 (13:08):
Yeah, we've only got to no souconds left.
Speaker 5 (13:09):
But as we mentioned, it is a crowded field, and
you have some people like Chip Roy with name recognition,
so obviously coming out of our program and other programs
to get attention is a good idea. What are the
things can you do to try to make inroads when
you're running against relatively big names.
Speaker 10 (13:25):
Yeah, I think the only big name in this race
really is Chip Roy. There are other two locals who
folks in the Harris County area may know, but really
their campaigns are floundering and they're not running credible campaigns.
The issue here is who is best qualified to serve
as the next chief legal officer of Texas. And my
record litigating, investigating, suing, defending, and appealing on all the
major issues puts me head and shoulders above the competition.
(13:47):
And even if I were to grant that Chip Roy
has higher name ID, which of course he does, he's
been in Congress blasting the President, blasting MAGA voters, trying
to get Ken Paxon removed.
Speaker 3 (13:57):
From office his high name ID.
Speaker 10 (13:58):
The flip side of that coin is he's got catastrophically
bad negatives. He called for President Trump to be impeached
in January twenty twenty one. He sided with Mike Pence
to certify the stolen election of twenty twenty.
Speaker 3 (14:10):
He was the first.
Speaker 10 (14:11):
Elected official in the United States to call for Ken
Paxson to be removed from office. This is somebody who
is too unstable, an eagle maniapal to be trusted as
the next Attorney General of Texas. And I guarantee you
that President Trump will not be happy when if he's
elected as the AG because of how many times he's
backstabbed the president's supporters as well as President Trump. If
Texans want what President Trump called me a true maga attorney,
(14:34):
vote for Aaron Wrights for Attorney General. Aaronrights dot com
re ei TZ.
Speaker 3 (14:39):
There you go. He's very good at that. I will say.
Speaker 5 (14:43):
I mean, you know, whenever you heard the last interview
of the morning show on our show, you know you're
up against the clock. And he made sure he got
all the information in that he wanted to get in.
Good for him, Good for him. Hey, little news you
can use before we wrap up the segment of our show.
And it's something I didn't get to this morning on
a morning show in ktr H, and that is artificial intelligence.
(15:06):
There have been a lot of reports about all the
jobs that we are starting to lose through AI. There's
a lot of jobs that are in danger as a
result of AI. Jobs that do not seem to be
in any danger from AI are jobs. They are working
man jobs, blue what we used to call blue collar jobs. Plumbers, electricians,
(15:32):
HVAC type positions, installing and repairing those mechanics. Those are
things that you might be able to get some AI
enhancement on or help with. But at the end of
the day, those jobs are not going to be replaced
by AI. I saw MICRO. Of course, Micro, the Dirty
(15:53):
Hands guy is always about promoting this as his MICRO foundation.
He's always been about promoting, you know, getting trained to
do that type of work, as I've tried to do
my program as well. So here's Mike Road talking about
the latest on AI and the jobs that are disappearing
as a result of AI, and the jobs that are
not going to disappear because of AI.
Speaker 3 (16:15):
I think it's affecting everything.
Speaker 11 (16:17):
Obviously, I don't have a crystal ball, but I thought
of you.
Speaker 3 (16:21):
A week or two ago.
Speaker 11 (16:22):
I was in Plano, Texas, and I got a tour
of a data center, and we hear so much about
these things, but I'd never really walked through one before.
And while I was in there, I ran into a
couple of electricians, all of whom had been poached three
times in the last year, all of whom we're making
(16:43):
north of two hundred and forty thousand dollars a year.
That's the nature of the demand for electricians right now.
These guys are all under thirty, by the way, so yes,
AI is impacting them in one way.
Speaker 3 (16:58):
It's impacting coders.
Speaker 11 (17:00):
In another way, the piece you just did, Edward talking
about energy is obviously spot on. Right next to those
rare earths are these polymetallic nodules and underwater mining and
the hundreds of thousands of jobs that are going to
be created in that industry alone. No one's talking about.
There is a wildly complicated fluid situation, and AI is
(17:23):
going to touch.
Speaker 3 (17:24):
All of it.
Speaker 7 (17:25):
AI replaces white collar jobs, but AI enhances blue collar jobs.
Speaker 3 (17:32):
It makes a blue collar job more efficient. Would you
agree with.
Speaker 11 (17:35):
That, I'd say it's very ironic because for seventeen years
and my foundation, all I heard was the robots are
coming to take the welders right. Well, no, actually everything
is evolving a bit. But right now, from where I'm sitting,
the most security I can find in the workforce is
(17:57):
in the classic trade jobs. Alex Karp talks about this
all the time, and the headlines have caught up to
his message as well. Over it, Palenteer, It's just an
extraordinary confluence of things that I think is redefining the
job market and the definition of a practical education.
Speaker 5 (18:19):
Yeah, no doubt about it. I think that blue collar jobs.
You heard that exactly. It's given right young young men.
I assume young men primarily, not exclusively, but primarily under
the age of thirty making two hundred and forty thousand
dollars a yr plus by being an electrician because the
(18:39):
job is in that much demand and in the shortage
is real. Now, the shortage is going to end up,
you know, those some of those sellaries are probably going
to end up coming down a little bit because the
shortage won't be there forever. The people are waking up.
Young people are waking up to the idea that if
you really want to have a secure future in an
AI world, you need to learn to try. And we
(19:02):
have gone from zero popularity on trades to I think
we're gonna go do a one eight and go completely
in the other direction on that. So there'll be more
people entering being an electrician, HVAC, plumbing and all that
kind of stuff, and that may end up driving the
price down just a little bit as far as salaries go,
because there'll be more and more people interested in doing
the jobs. But it's still the opportunity there is very
(19:25):
very real. To me, that makes much more sense than
sending a kid who doesn't have any idea what they
want to do with their lives. Off to college for
four years to get a degree that will get them nothing.
All right, quick little break back with more in a
moment Jimmy Barrett Show here on AM nine fifty kight PRC. So,
(20:00):
President Trump has proposed something that I find very interesting
and very scary all at the same time, because well,
mainly because of my age and what I'm used to.
But the reality is that when it comes to home mortgages,
you know, the thirty year, fifteen year, or thirty years
pretty standard. Now do you have to finance for fifteen
(20:23):
or thirty years. No, you can finance for seven years
if you want, or twenty years if you want, or
twenty five years. It doesn't have to be fifteen or thirty.
And there are things you can do to pay down sooner,
and people generally like to do that. I certainly have
done that in my lifetime. I have a mortgage currently
(20:43):
that I'm not anywhere really close to paying off. I
wish I was, because I'm going to need to figure
out how to pay that thing off before I can
really afford to retire, because it'd be tough to retire
with a house payment. In addition to all the other
monthly expenses that you have. So as I get a
little bit older and I start thinking about that, I
(21:05):
start thinking about this proposal that President Trump is making,
and it scares me a little bit because I can
see the positive, but I see more negative than I
see positive. What President Trump is proposing is that we
have fifty year mortgages. As I said, fifteen or thirty
(21:26):
or standard right now. You know, there wasn't a thirty
year mortgage before Franklin Delano Roosevelt FDR, and he came
up with that proposal during as a part of the
New Deal, thirty year home loan, so that you could
make housing more affordable. Well, you make it more affordable
in one way, and that you lower the monthly payment,
(21:49):
but you also take away a lot of other things
that are very positive about paying off your home loan
as soon as you can. I saw economists Steve Moore
in Fox Business talking about the President's fifty year mortgage proposal.
Here's what Steve Moore from an economic stand boy, here's
what he had to say about the idea.
Speaker 12 (22:06):
Here's what would happen if you had these fifty year mortgages.
Your monthly mortgage payment would go down, right, Charlie, because
you're paying that mortgage over fifty years rather than say
twenty or thirty years. So if you want to make
housing more affordable in the very short term, that might
be a good way to bring down monthly mortgage payments.
(22:27):
But then you're going to pay for a long long time.
You're going to be fanning that mortgage payment for most
of your life, and so that's a question of whether
it makes sense financially to people. But right now, where
people are really struggling to find a home where they
can meet those mortgage payments, it might make sense for people.
By the way, the federal government should also be issuing
fifty year debt because interest rates are low, be a
(22:50):
way for us to lock in low interest rates so
that if we had a huge spike and interest rates
in the future, we wouldn't be in a real problem
situation financially.
Speaker 13 (23:00):
And so, of course after thirty years, if you had
a fifty year mortgage, after thirty years, the way banks
structure loans, you probably still wouldn't own, but about ten
percent actually own, but about twenty percent.
Speaker 12 (23:12):
Years a good point. That's a good point. You know,
you want you want to build up equity in your home.
That's why a lot of people, you know, when they
have the financial means to do so, they speed up
their mortgage payments. But listen, the problem with our housing
situation right now really is so many restrictions on building
multifamily homes in a lot of areas. By the way,
(23:33):
I can tell you one city in America where housing
prices are going to go way down. You know what
city that is? What's that New York City? Because everybody's
going to move.
Speaker 3 (23:41):
On right exactly exactly. So if you want to buy
a house, maybe think about doing it in New York.
Speaker 5 (23:45):
No thanks, no thanks, I'll pass on that. But think
about that again when you're young. I remember, you know
when when when I bought my first home, and I
didn't think for a mins it about it being a
thirty year loan because I knew I wouldn't be living
in that house for thirty years. And maybe, if you're
(24:07):
just an entry level buyer, the idea of a fifty
year home mortgage doesn't necessarily scare you because you know
it's your first house and you're not going to be there,
certainly not forever. But here's what it does do is
it is? It kills equity because if you've ever looked
at an amateurization sheet, you ever looked at those things, Oh,
(24:31):
that's scary. When you close on a home loan and
they print this aberturization sheet and it shows you what
the balance is every year going through the loan, and
they projected out for thirty years, and you realize that
you're paying a lot of the interest ufffront. When you
get the first ten years you have a home loan,
(24:52):
you're paying mainly interest and very little principle. It's only
as you get deeper into the loan you start paying
more in the way of a principle and less than
the way of interest. It's just I don't know how
what they call that or how how they it's worked
out that way for banks that they set it up
that way, But they set up that way so they
make sure they make their money. But if you're not
(25:13):
paying down equally on principle throughout the entire home loan
and it's going to take you ten years in before
you really start making a dent in that, then that
tells you that. You know, if you buy home on
a fifty year home loan and you're there for ten years,
you do virtually nothing to pay down the principle. So
whatever equity you have in that home is whatever. Whatever
(25:37):
that home is worth compared to what it was the
ten years before you bought it. Now you can make
some assumptions about inflation. You know, we never dreamed when
we bought our house. We bought our house when we
moved here in twenty seventeen, our last house. We're still there.
So we've been there for eight years, and in eight
years we've seen the value of it. The not double,
(26:00):
but it's up probably eighty percent compared to what we
paid for it. But so's the price of everything else
you have to buy. So even though it looks like
we got this nice little chunk of changing equity in
this home, at the end of the day, we have
to pay that much more for anything else that we're buying.
That's the funny thing about inflation. It makes you feel
like you got money when you don't not really. And
(26:24):
you know, we're just now getting to the point in
that home mortgage where it's starting to make a dent
in the principle, But it would take that much longer
in a fifty year loan ours is a thirty year loan.
It would take years, you know, decades longer to make
the same sort of impact on the principal balance of
the home loan with a fifty year loan. That scares me.
(26:44):
That scares me. Wouldn't have scared me probably when I
was twenty, but it certainly scares me now. So here's
the question is does that turn around the home loan?
What kind of interest rate can you get on a
fifty year mortgage? By the way, we know what thirty
years are going for right now at about six percent?
Can he get a lower interest rate on a fifty
(27:05):
year loan? Does it lower the how much more does
it lower the payment by paying an extra twenty years
theoretically into the loan. How many people does that help?
Does that help jump start, you know, home sales? Because
I think that's what the person is looking at. He's
trying to figure out some way to jumpstart home sales.
All right, I suppose we should talk I haven't really
(27:26):
said anything yet about it, but we should talk a
little bit about the old news. Now that the Senate
managed to get enough people to come over, that's sixty forty,
about ten to thirty five last night, by vote of
sixty forty, they were able to finally begin the end
of the government shutdown. I mean, he still has to
(27:49):
go through the House. There's some things that still need
to happen in all this, but at least we're the
beginning of the end of the government shutdown. So I'll
tell you what next segment, we'll share some audio from
last night and some of the players and all this.
Chuck Shiverer's not happy, Bernie Sanders isn't happy. But I
have some audio to share with you with one of
(28:10):
the Democrats, one of the senators from New Hampshire that
voted in favor of the Continuing Resolution to tend the
government shutdown and why she says partbek why she says
she did it back with more in a moment Jimmy
Bird Show, AM nine fifty KDRC. All right, So last night,
(28:44):
sixty to forty vote, Senate Democrats finally caved in, at
least enough of them caved in, seven of them. I
guess it was that we ended up getting the sixty
votes necessary in order to be able to end the
government shutdown. Theoretically, it still has to go in front
of the House. There's some things that have to happen
before it happens. But for all practical purposes, it's over with.
(29:07):
Not to say that we are going to have a
hangover for a while and travel in some other things.
I'm sure we will. But before the vote got taken
last night, you had people like Bernie Sanders and Chuck
Shimmer standing up warning against voting for this because of
what it would do to healthcare. Here's a perfect example
from Bernie Sanders.
Speaker 7 (29:26):
And if this resolution is past tonight, we are on
a pathway to throw fifteen million Americans off of Medicaid
and the Affordable Care Act, fifteen million. Our job is
to create universal healthcare, guarantee healthcare every man, woman, and child,
(29:46):
not throw fifteen million people off the healthcare. They have
low income and working class people, and my friends know
what you are voting on.
Speaker 3 (29:56):
Studies are out there.
Speaker 7 (29:57):
Then when you throw fifteen million people off healthcare, some
fifty thousand of our fellow Americans will die unnecessarily. Every
single yale anyone think that's funny, something to laugh at,
something you just go past.
Speaker 5 (30:16):
No, but you are you know you can't listen to
him without laughing. I can't listen to him without laughing.
So Bernie says, fifty thousand Americans will die needlessly because
of the end of subsidies for Obamacare, which we're never
supposed to be permanent, and don't fix the problem. Subsidies
(30:38):
do not fix the problem of why it's so expensive. Affordable.
The Affordable Care Act is not affordable. That's the problem,
and that's why the need to be concentrating making their decisions.
And you know, Bernie, you know nothing. You don't already
know this, But Bernie already said where he stands. Bernie,
Bernie wants universal healthcare. He wants everybody to be on
government run healthcare. And I think we've already shown in
(31:02):
the past that that's not something we support, at least
not at this point in time in our country's history.
So there you go. Now, as far as those who defected,
one of them is a senator from New Hampshire, Senator Hassen.
Here's Senator Hassen explaining why she decided to go ahead
(31:23):
and vote in favor of ending the government shutdown.
Speaker 14 (31:27):
At a time when families desperately need relief. Washington's dysfunction
is making life harder for families, and the last thirty
nine days are proof of that a record long government shutdown,
paired with record high health insurance costs increases, is not
the kind of history that the American people want Congress
(31:49):
to make. Over the last several weeks, I've heard from
Granite Staters who can't afford a doubling of their health
insurance costs. I've also heard from families about the deep
pain that the government shutdown has caused, made worse by
a president who illegally and repeatedly chose to cut off
(32:09):
help for families who are just trying to buy groceries.
After weeks of bipartisan conversations, I voted today to reopen
the government so that we can get back to the
work of helping Granite Staters. This agreement fund SNAP and
food assistance programs, ensures that law enforcement, air traffic controllers,
(32:31):
and other federal workers get paid, reverses the president's recent
reckless layoffs and prevents them from happening in the future,
and crucially gives Congress a clear path forward to protecting
people's healthcare.
Speaker 5 (32:47):
Okay, Bertie doesn't think that's a clear path forward, but
what it does do is, as you said, it does
provide what it does, you know, what, it takes the
threat if another government shutdown kind of off the table
to a certain extent, which I kind of like because
the only way that people get upset about a government
(33:09):
shutdown is when it impacts them personally. So certainly travelers
are upset because we've had you know, thousands upoun thousands
of cancelations and delays because of the air traffic control situation.
So that makes that makes them happy that you't have
to worry about that for the entire next year, even
though the rest of this continuing Resolution is only funding
(33:32):
some parts of the government through the end of January,
does fund it through the air traffic control and some
of the other critical things through the entire year snap
program all through twenty twenty six. So next time if
they try government shutdown, you won't even notice because anybody
(33:53):
who needs to get paid will get paid. And it's
just the stuff that nobody gets a rip about anyway.
So on one hand, they consider it a victory. I
guess that they're getting these things funded, that's fine. But
on the other hand, they're kind of, you know, taking
away their own leverage, which is probably what Chuck Shum's
(34:14):
upset about and maybe Bernie Sanders too. What leverage do
we have now? Air traffic control is gonna get paid,
noose flight's gonna get interrupted. We're not gonna have to
worry about that. Where's the leverage. Leverage is gone, which
is good because at this point we just need to
get this done. And I guess they agreed to have
(34:34):
some sort of a vote at some point in time.
I don't know if they gave a specific date by
a certain time on healthcare, which in the minds of
Democrats is you know, extending the Obamacare, you know, the
stipends that they were giving to people who could not
afford the Affordable Care Act. Now, that's not guarantee that
it passes. It's just to guarantee that there'll be some
(34:57):
sort of vote. That's all they guarantees. He doesn't make
that much of a difference. All right, One little last
topic here before we call today, and that is comes
from the comes from the Big Money Show over on
Fox Business. Warning signs about the economy. Fast food is
kind of a warning sign of what's going on with
the economy right now here. They are talking about.
Speaker 6 (35:18):
That, sending mixed signals about the strength of the consumer.
I think this is condicative of that you're seeing value consciousness.
But at the same time, I want to point out
I know we always bring this up in tandem with
these consumer stocks, but golp one drugs are now going
to be the best selling drugs in the country now,
outpacing Markskey true to at over.
Speaker 3 (35:35):
Thirty billion a year.
Speaker 6 (35:37):
So think about that that was a cancer drug, now
this is a weight loss drug, and that you're pairing
that with higher costs of food and less consumption. I
think this is a trend that you really have to
be careful with. Like Chipotli, I don't want to pick
on Brian when he's not here to do it, but
that stock is not just suffering from sensitivity economic sensitivity,
it's suffering from brand staleness and just inconsistency, which is
the bell weather of good franchises. Everything is the same.
(36:00):
Donalds is very similar, right, they're going to bring out
the value meal. I remember when hamburgers and cheeseburgers were
fifty nine and sixty nine cents. When they get north
and you know meals are costing fifteen to twenty dollars.
Speaker 3 (36:10):
I'm not going to McDonalds on the quest, not.
Speaker 15 (36:12):
The problem is the price got so expensive it's no
bargain anymore. And if you're a health conscious consumer, which
many of our consumers are in America, not everybody, but
more are you also realized since the inflation crisis under
Joe Biden, the quality of these cheap places, dining restaurants,
the quality has gone down. You're using worse oils, cheaper oils,
(36:32):
cheaper meats, and so I do think there's a segment
of the population sitting back and saying, I'm paying more
for this, I'm getting less food and less quality. Maybe
there is an alternative, and the cheapest alternative would be packing.
Speaker 3 (36:44):
A snack from home.
Speaker 5 (36:45):
Yeah, I mean, why bother to go for the fast
food when you're getting less quality and you're paying that
much more for it. At that point, it's not worth
it fast food. Burger joins like that fast food is
not worth it unless it is better than what you
can provide for yourself at home, and fast food has
kind of priced themselves out of that category. All right,
(37:06):
Gotta leave it at that. You all have a great day,
Thanks for listening, See you tomorrow morning.
Speaker 3 (37:10):
Burden earlier
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