Redistricting

Today on the Jimmy Barrett Show:

• The Texas redistricting

Episode Transcript

Speaker 1 (00:02):
Well, what we need is more common sense.

Speaker 2 (00:07):
We got the common breaking down the world's nonsense about
how American common sense. We'll see us through with the
common sense of Houston. I'm just pro common sense for
Houston from Houston dot com. This he's the Jimmy Barrett Show,
brought to you by viewind dot Com. Now here's Jimmy Barrett.

Speaker 3 (00:31):
You know, some of the most fun I have on
our shows, whether it's the morning show or this show
here in the afternoon on KPRC, some of the most
fun I have is when I talk about food. And
I love talking about food. I love these little polls
that come out with you know, with our likes and
our dislikes, especially as it relates to food. They did
a survey of about fifteen hundred Americans. I don't know

(00:55):
the background, don't know the ages, don't know the sexes,
And I think, actually that's kind of important because our
tastes change over the course of time. Right when you're
when you're a young person, you like things like, you know,
chicken fingers, nuggets, spaghetti. What else do you like as
a kid, peanut butter and jelly sandwiches, that kind of

(01:16):
stuff you don't usually as a kid, you don't normally
like some of the more adult foods, and as you
get older, your taste buds change a little bit. So
I always find it interesting to find out what people
like and what people don't like. I tend to gravitate
towards things I don't necessarily like things that are really sweet.

(01:39):
I'm not a big dessert person. I like I like
my uh. I think my tastebuds that kind of going
more along the lines of of savory. You know, I
have savory taste buds. I love bees of meat, among
other things. So so I was looking at this list
and we were talking about this morning on kat ir h.

(01:59):
This list of the most hated foods in America. The
category was you either love the food, you like the food,
you dislike the food, or you hate the food. Those
are basically the four choices. So they put together they
hate and dislike, and put that together as one score.
When they did that, the winner by one percentage point

(02:23):
of the most hated food in America is anchovies. You
know those little fish? Do you like anchovies? I actually
I actually kind of like anchovies, at least I like
them as part of a Caesar salad. I don't even
mind if they're on a piece of pizza. Now, if
I was a kid, you'd never get me to eat

(02:43):
an anchovy. But as an adult, I mean wouldn't eat
anchovies as a meal. But I don't mind an anchovy.
Number two, This does not surprise me. This is something
I've hated for a whole variety of reasons my entire life.
It is something my mother loved. Talk about difference and
taste buds. Number two of the list was liver. You know, liver.

(03:06):
I mean, think about what I guess. I can't get
past what the liver does. And and my mother always
loved I mean, that was her favorite thing when we
were kids. She would cook, she would cook liver, and
you couldn't stand I couldn't stand the smell of it.
I couldn't stand the consistency of it. Don't I don't

(03:27):
know if I ever even tried it, but I just
know instinctively that I hate it. And when you're a kid,
that's how you end up with a peanut butter and
jelly sandwich, right at least that's what happened in my
house when when you would would not eat what your
parents were serving you for dinner. Whether you loved it
or you hated it, didn't matter. If you wouldn't eat it,

(03:48):
you don't want we made for dinner, Okay, go make
yourself a peanut, butter and jelly sandwich. That was your
only option. Sardines came in number three. I think it's
kind of like anchovies. You know, it's a little bony fish.
Fifty hate or dislike sardines. Tofu came in number four.

Speaker 2 (04:08):
Now, I.

Speaker 3 (04:11):
Don't like sardines. I hate liver. I like anchovies. Tofu's okay. Now,
I'm not suggesting replacing it by the ways of meat source.
That's that's not what I mean by tofu is okay.
But you'll find it in some of Chinese cooking. For example,
what's the name I'm trying to remember the name of

(04:31):
the soup? I like, what is the name of the
soup that has tofu in it? Anyway, I like tofu
in that. I wouldn't want to eat a Thanksgiving turkey
made out of tofu. Squid came in number five. Now,
who doesn't like klamari? That's what klamari is. It's it's squid.
It's it's all in the preparation. You know, if it's

(04:52):
really prepared well, it can be delicious and tender. I
think it's again some of these things. I think it's
more the idea of them than it is the actual
taste of them. Sixth most hated items caviar, fish, eggs.
Forty three percent hate caviar. Seven on the list with
for hate oysters, And again, oysters are one of those

(05:17):
things you either really love them or you don't. I
tolerate them. I can eat an oyster if it's cooked.
I cannot eat raw oysters. I don't understand that one
at all.

Speaker 2 (05:30):
To me.

Speaker 3 (05:31):
They have the consistency of snot. It's like eating snot.
Who wants to eat snot? Number eight blue cheese. My
dad loved blue cheese. I've learned to like blue cheese.
I mean, I still wouldn't pick it over a ranch,
but I do like blue cheese. I like a wedge
salad every now and again it has blue cheese on it.
I wouldn't sit around just eating a hunk of blue cheese.

(05:52):
But I don't mind blue cheese anymore. Number nine chitlins.
How many of eve been supposed to chitlins?

Speaker 4 (06:02):
It?

Speaker 3 (06:02):
You know, it's it's it's a big you know, it's
a delicacy in the African American community. I don't know
that I've ever had chitlins because I know what they are.
It's pagan testines. So again, I'm guessing there are probably
some ways that they could be cooked and somehow disguised,
but I don't. Yeah, I'm surprised chitlins is only number nine.

(06:23):
I would think they'd be higher in the list. Sushi
came in number ten. I love sushi, so I'm about
actually the top ten things that people hate. I think
I probably like about, you know, sixty five seventy percent
of these things, which I guess makes me a little
bit unusual. But we asked some of our listeners this
morning to comment on things that they loved and things

(06:44):
that they hated one of both. What you know, something
that you hate, food that you hate, and food that
you love.

Speaker 1 (06:51):
My least favorite food is deviled eggs. My favorite food
would be chicken, fat steak, and banana pudding.

Speaker 3 (06:58):
Hey, my name is Si Cole.

Speaker 5 (07:00):
My favorite food is Durian and my most hated food
is spaghetti.

Speaker 3 (07:07):
Now, I didn't quite understand what the first Durian Durian
is that what he said. I'm not sure is that, Like,
I'll have to look that up and see what that is.
But it was interesting to me that his most hated
food was spaghetti. I'd never met anybody who didn't like spaghetti.
I mean, maybe maybe you'd like, don't like like chef

(07:28):
boyardy spaghetti in a can. But that's that's interesting. Hated
most hated food spaghetti. All right, let's get a couple more.

Speaker 1 (07:35):
It's statty in spring. My most hated food is corn.

Speaker 3 (07:41):
My most favorite food is fried at some toast.

Speaker 1 (07:45):
Hey, Jimmy, this is Stacey from Waller.

Speaker 6 (07:48):
My least favorite food is probably going to have to
be sour pryal, and my favorite food would probably have
to be steak.

Speaker 7 (07:56):
Thank you, Good morning, Jimmy. My last favorite food is seafood,
olives and mushrooms. My favorite food to beat chips and salsa.
And tell sky Mike to continue to stay away from
anything diet or labeled similarly. That stuff isn't a healthy choice.

Speaker 1 (08:14):
That's poison.

Speaker 6 (08:16):
All right.

Speaker 3 (08:16):
Yeah, sky Mike was talking about the things he hated
is a part of the show this morning. He hates
running eggs. I don't mind running eggs.

Speaker 2 (08:23):
I like poach. I like any kind of egg. There's
no kind of egg I don't like. Um? What else
do you say?

Speaker 3 (08:32):
All we got? We got into vegetables. I hate beats. God,
I hate beats. You wouldn't give me to eat beats? No, no, no, no,
I have no interest in eating beats, thank you very much.
I don't have any interest in Brussels sprouts.

Speaker 2 (08:44):
No, no, no, no.

Speaker 3 (08:46):
Here's one that I love and hate. I love a
really good coal slaw, which is made from cabbage, obviously,
and I hate cooked cabbage.

Speaker 2 (08:55):
Hate it.

Speaker 3 (08:58):
I think that's only what I can think of that
I love on one end and hate it the other.
All right, we had a little fun with it today.
Listen a little break. We're gonna be back with Morning
Moment Jimmy Barrett Show here an Am, nine to fifty KPRC.

(09:25):
All right, we talked a lot about redistricting on the
show this morning, so I suppose we should bring that
up again here on our afternoon show today. Democrats Texas
Democrats are getting ready to do their runaway, which is
how they traditionally handle things. The reason why they leave town,

(09:46):
leave the state is so they cannot be forced to
show up at work in the Texas State legislature to
provide a quorum. If there's not a quorum, then a
vote cannot be taken. So this is how they avoid
aid things like redistricting. And the reason why they're trying
to avoid it is because whichever party is in power

(10:08):
redraws the maps, and the maps have been redrawn. The
Republican plan has been redrawn out. If if they vote
in favor of it, this becomes the new congressional districts.
It's up up to each state to do this. It
with this, with this map the way it is, there
would be five seats in the US House of Representatives

(10:31):
that would flip between Democrat to Republican, which would I
means that's a that's a game changer, that's huge for
for the next four years, or the next two years,
or the last two years. They should say the Trump term,
because the the midterm election generally goes to the opposite

(10:52):
party and the and the and the winning margin in
the text in this in the US House, Pardon me
was so a razor thing to begin with. It's the
difference between getting more of the president's programs passed and
having him impeached. Again where all they want to do
is to beach the president. It really is quite that simple,

(11:13):
which is why the Democrats are going to fight so
hard to try to prevent having to vote on this
and why they're going to get national support from Democrats.
Haqeen Jeffreys was just in town. Gavin Newsom has spoken
with Texas Democrats. I mean, all the big names in
Democrat politics are trying to help them with strategy and

(11:37):
with fundraising. It would cost them millions of dollars to
try to stay away for any length of time if
nothing else. Each of them would get a five hundred
dollars a day fine that was passed in twenty twenty three.
So and we're talking about people who don't make much money.

(11:58):
What does the state repmake like four thousand dollars a year.
It's not very much, so it's not like they can
afford to lose their salary. There's other things on the line,
as we noted too, such as losing potentially the committee
co chairmanships and all those types of things. So there's
a lot of things on the line for Democrats and

(12:21):
ultimately they will end up having a vote. So all
they're doing is delaying the inevitable here by trying to
do this. But Democrats have a big, big problem, not
just here in Texas, but they have a big problem
all across the country. And the problem stems from the
fact that, especially with young men. If we've talked about this,

(12:44):
how young men have overwhelmingly turned Republican. They're tired. They're
tired of men who are not manly. They're tired of
woke people telling them not to be a man. They're
tired of politicians who are not manly. They understand what

(13:05):
a man is supposed to be and that's what they
want to be. So they don't like they don't like
Democrats to do it. They were talking about it on
Gutfeld Show last night, and it is it's hilarious, especially
Kennedy's comments here, because a survey was done, speaking of polls,
a survey was done and in the survey they asked
men to name manly Democrats, manly democrats and other than Obama,

(13:33):
they couldn't think of anybody. Obama's been out of the
scene for a long time, so that's a problem. They
couldn't think of a current Democrat who is manly. Here's
Greg Guttfeld and his panel having a little fun with
the conversation.

Speaker 4 (13:46):
Men can't name masculine Democrats, so congresswomen. According to a
new study by a think tank, young men struggle to
name any masculine Democrat leaders besides Barack Obama, saying it's
the Republican Party that best represent men's interests.

Speaker 2 (14:05):
Are you surprised by this? Where did the Dems go wrong?

Speaker 8 (14:08):
I'm not surprised by this at all. And when I
think about it, I think, you know, Fetterman probably comes
the closest to this is the most masculine. But the
today's Democrat Party, they have completely oppressed men.

Speaker 2 (14:21):
They've also completely oppressed women.

Speaker 8 (14:23):
If you look at the men playing in women's sports,
they want to talk about that issue more than anything else,
which hurts women and it also feminizes men.

Speaker 2 (14:30):
So it's absolutely absurd.

Speaker 8 (14:31):
It's just another example where they're increasingly out of touch
with mainstream Americans. And it's why strong leaders like President
Trump will continue to excel. It's why strong republic the
Republican Party will continue to put forth leaders who show
action that are not passive. And this is a real
challenge for Democrats as they look at their plummeting poll

(14:53):
numbers with male voters.

Speaker 4 (14:55):
It's also like the women in the Democrat Party crazy.
I mean, you know, guys are very polite, you know,
they they're like, they don't want to be in a
room full of crazy ladies, Kennedy.

Speaker 2 (15:13):
I think they're terrified of them.

Speaker 9 (15:15):
Yes, exactly, the most masculine people you find in the
Democrat Party or the women.

Speaker 2 (15:19):
Yes, you know, it's like Elizabeth.

Speaker 4 (15:21):
Warren, Rashida Talib, Ammy clovershar Mike.

Speaker 2 (15:26):
Uh Swallowell, she is she is crazy.

Speaker 10 (15:33):
No, I mean it's it's wholly unsurprising because this is
the party that has demonized men and.

Speaker 7 (15:37):
They cannot figure out they have to spend tens of millions.

Speaker 10 (15:40):
Of dollars on podcasts and maybe we should pay people
to go to gyms and talk to guys while they're
lifting weights and tell them about our great ideas.

Speaker 2 (15:48):
And it's like, oh, yeah, bang up job, heck of
a post mortem.

Speaker 9 (15:52):
You've really done it this time.

Speaker 4 (15:54):
Yes, And it's all about acting because they don't know
how to be.

Speaker 2 (15:58):
No, it's like Corey Booker, Yes, it's just performative. Yes,
it's emptiness, there's nothing there. He's the invisible man.

Speaker 6 (16:07):
I wish you were the invisible man, and he keeps
showing up on my screens.

Speaker 10 (16:12):
And then he wants to pick a fight with his
fellow female senators.

Speaker 2 (16:16):
Yes, so it beat the living out of it.

Speaker 3 (16:21):
She's funny. I like her Kennedy all right. Uh, here's
another one to pontificate over here, and that is the
continuing controversy with Sidney's Sweeney and her American Eagle ad.
You've seen this thing by now right, I mean you
and I are not We're not American Eagle customers, especially me.

(16:42):
If I were to go into an American Eagles store,
they probably say, hey, Grandpa, get out of here. You know,
they're they're going for a young crowd, and obviously they're
going for a young male crowd with this ad. You know,
Sidney Sweeney is not hard on the eyes. She's very
easy to look at.

Speaker 1 (16:59):
She is.

Speaker 3 (17:01):
She does have good genes, I mean genes with the
G and jenes with a J. But it's amazing. You know,
she's a target because she's a young white female who's
extremely attractive, and she's not afraid to be attractive, and
she is the antithesis of just about every progressive woman

(17:25):
out there. They hate this. They they hate women being objectified,
they hate women being sex symbols. They don't like any
of that kind of stuff. They don't. They hate men
being men. They don't like women who are being more
traditional women. So the woke bob has been coming after

(17:47):
this ad.

Speaker 1 (17:49):
It is.

Speaker 3 (17:49):
It's a sexy ad, there's no doubt about it. To
their credit, American Eagle, as far as I know, is
not apologize in any way, shape or form. They certainly
haven't pulled the commercial, and they're getting a lot of
free publicity out of this. So I mean, that's got
to be helping sales, I would think. But here's an
except this from yesterday, here's an example of the woke media.
It begins an Outnumbered The Outnumbered show on Fox, reading

(18:13):
some of the headlines in newspapers and magazines, followed by
some of the television commentary, and it's outrageous.

Speaker 9 (18:23):
Sidney Sweeney's ad shows an unbridled cultural shift toward whiteness.
Ad sparks debate about eugenics. Sidney Sweetey's new campaign draws
fire for racial undertones, and it was inevitable. Well it
doesn't stop there. ABC's in Good Morning America compared it
to cue the Nazi word.

Speaker 11 (18:45):
We begin with the backlash of our new ad campaign
featuring actress Sidney Sweeney.

Speaker 12 (18:49):
The ads are for American Eagle and the tagline is
Sidney Sweeney has Great Genes Now.

Speaker 5 (18:54):
In one ad, the blondehair, blue eyed actress talks about
genes as in DNA, being passed down.

Speaker 2 (18:59):
From her pairs.

Speaker 11 (19:00):
The play on words is being compared to Nazi propaganda
with racial undertones.

Speaker 13 (19:08):
The pun good genes activates troubling historical associations for this country.
The American eugenics movement and it's prime between like nineteen
hundred and nineteen forty, weaponized the idea of good genes
just to justify white supremacist.

Speaker 3 (19:27):
What so, what are you saying. You're saying, oh, oh,
yeah's a she's propaganda. She's white supremacy propaganda because she
has blond it was actually brown hair and blue eyes.
Would she remember the Aryan race? You know, they are
just completely fixated on making as many Hitler references as

(19:50):
they can. Here's a question for you. Do young people
who learns seemingly in school less and less history to
young people? If I asked an eighteen year old, do
you know who Hitler is? How many of them would say, yes,
I know who he is? And then how do you

(20:11):
suppose they ask the question about who he was and
how of them could name his first name? I mean,
does the Hitler reference, it's it's used so often and
so inappropriately, does it even have an impact anymore? I
wouldn't think, especially with the crowd. You're, you're, you're, you're
going after here. I mean, I know who Adolf Hitler was,

(20:32):
but I mean I don't. I don't know if you
know my my, you know, thirteen year old grandson knows
who he was. That'd be interesting to know, you know,
what kind of an impact does it really have? Or
or is this whole Hitler thing, you know, just falling
on empty years at this point. All right, we'll be

(20:53):
back with morn and I'll be coming up next segment. Here,
there's some good news coming for North Texas. We are
finally turning the corner here as far as producing some
of the things we've relied on foreign countries.

Speaker 2 (21:14):
Four.

Speaker 3 (21:14):
One of those examples is Elon Musk has made a
deal with Samsung and they're gonna Samsung's gonna start producing
their new line of AI computer chips in North Texas.
So some of those businesses are coming to the United States,
and people said it would never happen. Well, guess what
it's happening more in that story coming up next here,

(21:36):
my name nine fifty KPRC. All right, so let's get
to this story because this is a good story about
what's gonna be happening in North Texas, where Samsung has

(21:58):
signed a sixteen and a half million dollar d with
Tesla to produce computer chips in North Texas. I talked
to a guy by the name of Colin Madine who's
a Breitbart tech writer about that earlier this morning. So
let's let's hear that interview and what he makes of
what's going to be going on now in North Texas. Well,

(22:19):
here's the computer chips are gonna be maybe here in Texas.
EI chips is six twenty two here in Houston's Morning News.
Colin Madine, bardb tech editor at breit Bart News joins us,
this is big news, is it?

Speaker 1 (22:31):
Don absolutely? Jimmy. I mean, this is a cumbination of
something that Donald Trump and conservatives have been saying for
a long time, which is we should be making really
the highest tech you know, the most complicated products in
the world here in America and especially in Texas.

Speaker 3 (22:50):
Yeah, it's a sixteen and a half million dollar deal
that was struck evidently between Elon Musk of Tesla and
Samsung to build these chips and the manufacturing is going
to happen in Taylor, Texas.

Speaker 2 (23:01):
Well.

Speaker 1 (23:02):
What's particularly noteworthy about this, you know, sixteen billion dollar
deal with Samsung here for Tesla is in the past,
these companies mostly out of Asia, another major one of TSMC,
out of Taiwan, they would take these big contracts from
America and they set up shop in China, you know,

(23:25):
other parts of Asia, and then they ship the chips
over here. Suddenly all these companies are realizing, hey, we
can do this actually better in America. And it goes
against a lot of what I heard in corporate America
for more than a decade, you know, working in high
tech firms, which was we can't do this in America.

(23:46):
You know, Americans can't handle this, we can't do high
tech manufacturing. We've got to go to China. So suddenly
they're singing a different tune.

Speaker 2 (23:54):
Yeah.

Speaker 3 (23:55):
Well, and certainly the president has had a whole lot
to do with that, But clearly there are other company
leaders who are beginning to wake up to the idea.
And maybe it has something to do with the tariffs.
I don't know, probably does have something to do with
the tariffs that makes them think that, okay, maybe instead
of dealing with tariffs, let's just go ahead and manufacture
in the United States.

Speaker 2 (24:14):
We can make this happen. Jimmy.

Speaker 1 (24:18):
The terriffs have a lot to do with this, because
when you're one of the top companies in the world,
a big thing that you concentrate on and keeps you
awake at night is risk. How do I cut my risk?
How do I prevent waking up one day and there's
no chips to put in my cards or put in
my Apple laptops. That's what they think about, even more

(24:39):
than say the individual unit cost of these chips. Suddenly,
you know. So to your point, customers like Tesla, Apple
and Nvidia are saying to their partners, hey, what are
you going to do to lower my risk? And under
the Trump administration, that answer almost always We're setting up

(25:02):
shop in America because that removes most of the risk
of terrafts, you know, other problems. You know, in some
cases We've seen countries trying to fight back against American teriffs.
That's going to complicate things. So the answer for all
these questions is, let's come to America. Texas has stepped
up and said we're going to be the best place

(25:22):
to do business in America. That's what's most interesting to
me is all these companies are coming to Texas with
you know, some coming to Arizona as well, but Texas
has kind of set up shop as the place to
make high tech manufacteran.

Speaker 3 (25:36):
Yeah, what what do you think might be next? Computer
chips today? What might be next? What are some other
Are we going to get into the precious metal business?

Speaker 2 (25:42):
Do you think.

Speaker 1 (25:45):
So? You know, when we talk about precious metals for electronics,
we're really talking about what are called rare earth minerals
or rare earth metals. There's no question to me there's
rare minerals in Texas. Yeah, Texas is so big and
so diverse everything Texast. The problem with earth minerals is
they're very tricky and expensive to mine unless you just

(26:08):
want to destroy the environment, which is how China kind
of corn the market on these things because they're willing
to destroy anything and kill anyone to get control of
the market. So if that on that end will depend
on finding minable pockets, you know, finding actual minds open.

(26:29):
Much like gold mining, you have to find this stuff
before you can mine it. What I would be more
likely to see is more manufacturing, you know, on a
larger scale. So for example, Donald Trump has talked for
many years about how we should make Apple should make
iPhones in the United States from top to bottom and

(26:50):
everyone laughs on them, poop poos them. We probably should
be doing that, and Texas is more than capable of
producing iPhones, you know, from based materials. I think that's
pretty likely to hit to happen in the next few
years because you know, all this work being done by
Samsung and Video and even Apple's already doing stuff in Texas.

(27:10):
It's sort of a proof of concept to say America
can do this.

Speaker 3 (27:13):
More specifically, Texas can do this. All right, sir, good
to talk to you. Thanks appreciate your time this morning.
That's Colin Madine, tech editor at break Part News. There
you go, all right. I think that's that's this interesting stuff.
You know, it backs our entire future here I could
see and this is why this is why I think
the property tax issue is going to continue to be

(27:36):
an issue for for some time.

Speaker 1 (27:38):
Here.

Speaker 3 (27:38):
I can see where we could potentially get to the
point where we have attracted enough business here to the
great state of Texas that we no longer need to
use property taxes and the way we've used them in
the past to do things like funder schools. We can
make enough money from from from the these businesses. And

(28:01):
not to say we need over tax businesses, we don't,
but just the sheer number of businesses doing business here
in Texas in order to be able to kind of
work our way towards paying a very low property tax
or maybe eventually no property tax at all. Wouldn't that
be amazing? Can you imagine how many people would want
to live here in Texas if there was no income
tax and no property tax both. That would be amazing.

(28:25):
I don't know if we're going to get to that
point or not. I'd love to see it.

Speaker 2 (28:29):
Still.

Speaker 3 (28:30):
I know I harp on this all the time, but
I'd rather cea state sales tax at least that's based
on consumption versus a property tax punishing people for owning
a home, especially punishing people who are paying school taxes.
Who have no kids in the schools or haven't had
kids in the schools in twenty thirty years. At some

(28:50):
point in time, we need to get rid of, at
the very least, at the very minimum, we need to
get rid of property taxes for your citizens, for people
you know, for people who live and have taken the
time in trouble to pay off their home, they still
don't own their home because if they don't pay their

(29:11):
property taxes, yess who can you know who can take
over their home? Yes, so we need to get rid
of that aspect. Okay, we'll be right back more in
a moment. Jimmy Bairt Show AM nine to fifty KPRC

(29:35):
as expected yesterday. As we discussed on the show yesterday,
no no change in interest rates from Jerome Powell. He
had two members of his board at the FED who dissented.
Who dissented. That is a very very very rare thing.

(29:56):
There might have been a case where three, there might
have been three. This much have been a bit of
a negotiation in order to keep a third from dissenting.
Jerome Powell is not by himself, but he is. Even
other members of the FED don't agree with what it
is that he's doing as far as not lowering interest rates.

(30:19):
They talked about it yesterday on Fox Business on Charles
Pain's program. Here's Charles Pain in his panel discussing what
happened with interest rates and more importantly, perhaps the language
that the Fed used in saying that interest rates would
go we're going to remain the same, because you can

(30:41):
kind of get from the language sometimes a glimpse or
an idea of what they're likely to do next.

Speaker 10 (30:47):
Nick Timers of the Wall Street Journal published at nine
o'clock last night Eastern basically previewing the true descents to come,
meaning if they still changed the language of the statement,
then he's appeasing somebody else who also wanted to dissent.
My guess would be that would be Austin Goolsby of
the Chicago Fed.

Speaker 2 (31:05):
But they did change Normally a dove, or does it Chicago.

Speaker 10 (31:09):
Is always a dove, So if he's not, he's having
an out of body experience. But they did say continue
to expand they got rid of that, and they said
that the economy moderated, so they definitely toned the language down.
And again every single word of these statements is pursed
over very carefully so that language was changed for somebody
and say, so.

Speaker 2 (31:28):
You zeroed in on that too, that the moderated thing.

Speaker 12 (31:31):
What exactly is the fat is the FED give themselves
cover to say, okay, you know, is this a slight
pivot that maybe bulls were hoping for and anyone else
who wanted to see some relief from the high from
the higher rates here.

Speaker 6 (31:44):
I think that's exactly what it is. It is a pivot.
It is opening that door ever so slightly. Charles, if
you look at the GDP, despite the headline print that
was really strong, you do see, for example, fixed investment
that was really sluggish, and I think some of that
had to do due to business confidence being also sluggish.

Speaker 2 (32:00):
You know.

Speaker 6 (32:00):
The other thing, Charles, I really noticed in the statement
is this notion of uncertainty that is elevated. And so
I'm really going to be looking forward to how does
Powell characterize what can happen to bring uncertainty down. One
interesting thing is if the tariff charge back in April
was about three percent, then now I think we're assessing
that somewhere six or seven or nine percent is the
actual tariff that's being charged now that we got the

(32:22):
slew of deals done, we were likely to see that
fifteen percent tariff. So I assume the ascertainty that he
wants to see alleviated is what happens to inflation when
we have the full fifteen percent. I think there will
be offsets, but that's the uncertainty that.

Speaker 3 (32:36):
Likely focused all right, So Powell still, at least his
language is saying he's still concerned about inflation coming from tariffs,
even though we haven't seen that so far. And they
have been wrong every single month in trying to guess
what's going on with the economy. Wrong to the point
where the CEO of Azoria you find that cut for you.

(33:00):
His name is James Fishback. He was on and he basically,
well he will you'll hear him. He refers to Jerome
Powell as the Anthony Fauci of economics.

Speaker 2 (33:14):
Ouch.

Speaker 5 (33:15):
It turns out that Jerome Powell is simply the Anthony
Fauci of economics, wrong, smug, and completely unaccountable.

Speaker 2 (33:22):
He's wrong, Stuart, because.

Speaker 5 (33:24):
Just last month he told us in his official projections
that GDP was going to come in at one point
four percent. It came in at three percent, more than
double his expectations. President Trump is winning on that front. Second,
he's smug because despite every conceivable data point, despite the
fact that under President Trump, inflation is coming at one
point eight percent annualized, not at but below the Fed's target,

(33:46):
he's all but certain to keep interest rates near twenty
year highs today. And lastly, he's unaccountable for the first
time in thirty years. Stuart, there are going to be
two FED governors, Mickey Bowman and Chris Waller, who we're
going to dissent from the FED today saying that the
FED should be cutting today but in fact aren't. And
that's why Zoria sued Jerome Powell in federal court last week.

(34:09):
We want accountability and transparency from Jerome Powell.

Speaker 14 (34:11):
Okay, now can you show producers, can you show me
that video of when President Trump visited the FED and
stood next to Jay Powell and made him he look
really uncomfortable?

Speaker 2 (34:23):
There you go. No, No, that's not a bit.

Speaker 14 (34:25):
I mean whether standing next to each other and Trump's
lecturing him about lowering rates and poor Powell is just
don't you ever feel.

Speaker 5 (34:32):
Sorry for j Powell at all? No, I don't feel
sorry for Jerome Powell. He's worth over two hundred million dollars.
Who I feel sorry for is the Americans who can't
get a mortgage because interest rates are at twenty year highs.
I feel sorry for the fact that they can't start
a family, they can't grow a family, they can't buy
a home. I feel sad for the single mom and

(34:52):
East Baltimore or in East Cincinnati who can't get a
credit card because Jerome Powell is trying to undermine the
President of the United States.

Speaker 2 (34:58):
I'm sorry, Stuart.

Speaker 5 (34:59):
I don't feel so sorry for a man who is
using his political position to undermine the duly elected president
of the United States.

Speaker 3 (35:05):
Who is this guy? I love this guy. He's dead
on right. He is absolutely right. I'm surprised that there
hasn't been more of a reaction from President Trump. I
guess the least surprised person on the planet that interest
rates did not get lowered yesterday is President Trump. Right,

(35:29):
he's the least surprised. He has to be sorely tempted
to try to figure out how to get rid of
this guy. He's because he's stuck with him right now.
He's stuck with him until May. Now, maybe maybe there
will be an interest rate adjustment let's what is he
going to say? What is Pouell going to say If

(35:49):
we get to the August meeting and the latest inflation
report is still at or below expectations and the economy
is continuing to grow. At that point, what are we
going to say. See, the one thing, the one thing
that could bring the economy down, not down, but severely

(36:11):
harm it is the housing market. That's the only thing
that's really going poorly right now is the housing market.
We got to figure out how to fix that. And
the only way to really fix that is to get
interest rates on mortgages down to a point where people
start buying again, even if they're not buying at the
levels they were during the boom, at least if they
start buying again, then we can get things back on track.

(36:34):
All right, that's it for today. Thank you for listening.
I do appreciate it. I'll see you tomorrow morning right
in early five am over on news radio seven forty KTRH.
We are back here at four on a nine fifty
kPr S

Speaker 8 (37:00):
As a sen