January 7, 2026 • 33 mins
Was the Hilton Hotel involved in housing ICE Victims in its hotels throughout the country without ICE agents being aware? Mark explains. The CBS Evening News is facing criticism from left-wing critics right now, under CEO Bari Weiss, for allegedly making the structure of the newscasts more centrist, rather than being too far left or too far right. Mark takes your calls! Mark interviews Steve Forbes, Chairman of Forbes Media. Steve discusses why rolling back regulations on electric vehicles (EVs) will greatly benefit car companies. He also shares his picks for who should serve on the Federal Reserve Board as Fed Chair Jerome Powell’s term comes to an end this year. If President Trump succeeds in securing oil from Latin America and possibly Greenland, the USA could see very low gas prices.
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Episode Transcript
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Speaker 1 (00:00):
It's only about three hundred more weeks of him to
get through, and then you'll be fine. Got to keep
clearing my throat. I'm not sick, I just my nose
has been stuffed up for a week and a half.
It's just this ridiculously cold weather. It's gonna be in
the forties today, fifties later this week in Alaska. Remember
(00:21):
the Remember a couple weeks ago we had all that
snow on a Friday. Remember Bridgeport seven inches long, Island
seven inches. It was harm seven inches through this weather Alaska.
This is just the past couple of days. Seven feet
of snow, seven feet of snow. You know here, if
you get an inch, there's already a school closings immediately Alaska.
(00:44):
You got to get to about ten feet before they
close the schools there. So we'll get to Venezuela, we'll
get to Greenland, we'll get to Tim Waltz, we'll get
to CBS News. They're getting a lot of flat. They've
been cleaning up the evening News, trying to make it
less corrupt, and they're getting a lot of fla. Hey,
we'll get to that crazy George Conway who's running for
Congress we'll get to mom. Donnie Hey. Speaking of getting
(01:06):
a lot of flack, this Hilton story did not get
a lot of coverage. But you know, there's Hilton is
a great hotel chain. You got Hilton hotels all over
the place, and there's one in the Minnesota where you know,
ICE when they go into these cities, you don't realize
all the logistics that are required. And I forget arresting
the criminals, the criminal illegals, just the logistics of getting
(01:31):
them all there. If you want to send one hundred
ICE agents there, you got to move them there. All
their equipment, everything, their vehicles, everything has to be moved there.
And then you got to find a hotel for them
to stay in. So in every city they have to
book one hundred hotel rooms. Although well, government likes to
waste money. But although it might be you know, they
(01:51):
double up, so it's fifty hotel rooms, two in a room, whatever.
But in Minneapolis they used here it is again in Minneapolis,
they used a Hilton hotel to have the ICE agents stay, well,
the local Hilton hotel employees. You know, it's a Minnesota
and they were crazy left wing, childish democrats, woke democrats,
(02:15):
so they found out these were Ice people coming to
stay in the hotel, so they canceled the reservation and
informed Ice that they were not welcome to stay in
this Hilton hotel. Well, you can't do that, of course,
that's ridiculous. Now, it's not the fault of Hilton the corporation.
It's these employees in this local hotel, and it turns
(02:38):
out it's not owned by Hilton. You know, many of
these hotels are owned and built by Hilton, but a
lot of these hotels you stay in were just built
by the local guy who built a hotel and then
he makes a deal with Hilton to come in and
run it and put their name on it. It's a
franchise you can buy, so you can build yourself a
beautiful hotel and then you get Marriott to be the
(02:59):
name on it and run it. You have to make
a partnership franchise agreement with them. In this case, it
was Hilton. So Hilton looked into this and they immediately
withdrew the franchise. They fired this local owner and hotel.
They took their name off the hotel. They will have
nothing to do with this hotel anymore. It's against their
policy to discriminate against people because of their race, or
(03:20):
because you don't like the way they look, or you
don't like their politics. You can't discriminate and refuse to
give them a room. So Hilton has withdrawn the franchise.
They will have nothing to do with Hotel anymore. So now,
of course, the left wing cooks are all going after Hilton,
denouncing Hilton, writing about Hilton. Here's one of these left
wing cooks. Hilton was trying to protect people from government
(03:44):
thugs who separate people from their families. They separate families.
Speaker 2 (03:49):
Well.
Speaker 1 (03:49):
First of all, every law enforcement agency in the world
separates families. The New York City police separate families. The
Minneapolis police separate whenever anybody's arrested. If they arrest a woman,
say a mother, and they arrest her and have to
arrest her, take her in handcuff her, take her to jail.
That you can't bring your kids with you. You're separated.
(04:10):
The kids have to stay with a relative or something,
or if there's nobody, they go into child services. But
every law enforcement agency separates families. Every arrest, families are separated.
So Hilton getting a lot of flack. Now, you know,
who else is getting a lot of flax. CBS News
because the new woman in charge, Barry Weiss, decided to
(04:33):
clean up the corruption over there and try to make
it a little more fair and balanced. So normally you
watch the CBS Evening News, all they do is denounce
the President, denounce the administration, call them all kinds of names.
Whatever they do, it's awful. So the new CBS News
under Berry Weiss, they put in a new anchor. This
guy's pretty good. It's off to a rough, rocky start,
(04:55):
but he's pretty good. He'll he'll slowly, you know, he
actually get some pretty good ank. This David Muher, you know,
might be a little slanted, but he's a sharp look
and it's a great newscast. The ABC Evening News and
the new NBC News anchor. I can't remember his name,
Tom Yamas. That's his name, Tom Yamas. He's actually I
like Lester Holdy was a nice guy. Totally corrupt on
(05:17):
the air, totally biased, but he's a nice guy. This
guy's sharper, better, quicker, and the same thing with CBS.
This guy's pretty good. But they've decided to make the
newscast fair. So every night they'll go after the Trump
administration a little with the language because it's still being
written by CBS newswriters. But they'll be fair, they'll put
the other side. On the first night of this new guy,
(05:40):
he gave Pete Hegxith three segments on the New three
segments on the Evening News to respond. And then it
was Marco Rubio one night. They brought him on live
and whatever they said bad about Trump, they put on Rubio,
let him respond. And then Christy Nome, whatever the attack was,
they then put went to her, put her on live
on the news and let her respond. That's the fair
(06:01):
thing to do, so you're supposed to do so. CBS
News getting all kinds of flak from left wing critics
now attacking them like crazy. Here's one the call says it.
Now it's become Fox News light. They're shilling for the administration,
just giving the other the other side of chance to respond.
That's shilling for the administration. So uh, changes are happening.
(06:25):
And remember this is only the first year of Donald Trump.
Give them two three years and we'll see what happens. Now,
all this Greenland talk, you know, I feel bad for
the Democrats. This is costing them a fortune. You know,
they all had to go out and buy Ukrainian flags
to wave around. And then all the trouble in Israel
they had and they had to go out and you know,
(06:46):
get rid of the flags. They had to go out
and buy a Hamas flags and Palestinian flags to wave around.
I mean every second they got to buy a new flat.
Then ice they had, all these liberals had to go
buy Mexican flags, and now they all got to go
buy Venezuelan flags. You know, they're spending a fortune on flags.
Had I known this was going to happen, I would
have bought stock and flag companies a couple of years ago.
(07:09):
But it just you go into any left wing kook
woke democrats home, there's a closet now filled with different flags. Hey,
by the way, a lot of this stuff, these protests
are funded organized. They're not organic or natural. Many of
them paid for by Soros and those other oligarchs. The
Democrat oligarchs like Soros fund them. Nicole what's his name,
(07:32):
Reid Hoffman. Reid Hoffman. So the president and the administration
for they've hinted at this, but for the first time
ever they said they're looking at going after them harmit.
Dillon and others in the Department of Justice now talking
about conspiracy charges against them. When you see what looks
supposed to be just an organic protest that happened all
(07:53):
of a sudden over Venezuela, they all two hundred of them,
have all the same equipment. They have the same exact
signs from the same printer, and they're real high quality,
glossy printed signs, really expensive. Well, so this is all
being funded by these Soros type zillionaires. But now they're
talking about rico charges, conspiracy charges funding protests, so finally
(08:19):
something may be done about that. So the Venezuela talk.
Now here's the other thing. The President talking about Greenland
taking over Greenland, hinting at the military go in there
and sees Greenland. He's not going to do that. It's
not going to be the military. First of all, the
military seizing Greenland. A boy Scout troop could take over
Greenland in about half an hour. I mean, it would
(08:41):
take twenty minutes to seize Greenland. So what he wants
is to buy it from Denmark. Denmark owns Greenland. And
there was a time a while back where they were
actually kind of interested in talking about it because the
price was going to be billions of dollars for Greenland
and they needed the money. Denmark's economy in trouble, a big, huge, huge,
(09:03):
huge deficit and debt. Well, one of the things that
saved them was that ozempic because apparently some of the
original whatever it is from ozempic made in Greenland in Denmark,
and they've made a fortune off it, which made up
a lot of their deficit. But US wants Greenland, they'd
like to buy it. They'd like to work out an
(09:23):
agreement to buy it and pay for it and then
own it. But that's the reason for all this invasion
military to it's just negotiating, just negotiating. There's no chance
of actually invading Greenland or taking it over. But it's
a very valuable thing for the US. It's very important,
crucial military base for US, crucial as far as shipping lanes.
(09:44):
It has all kinds of defense strategic reasons why we
need to have Greenland. Also, it's filled with valuable minerals
and stuff. So it's a win win to take Greenland.
And Denmark really doesn't need it for any defense purposes
or strategic purposes or military base purposes, and then there's
always the fear for all those same reasons that the
(10:05):
Russia or somebody else could take it over President Trump.
You know, remember Joe Biden, remember him, And maybe once
a year he tried to do a press conference and
they'd call on three people where they were already picked beforehand,
questions and answers written out right in front of Joe.
And they had to put a big card with the
(10:27):
reporter's name so Joe could call on him, and the
reporter's picture so he'd recognize them. And they used a
real big font you know, so Joe could see it.
Those are the old days. Now it's President Trump every
two seconds of press conference, anytime he's walking in the hall,
anytime the reporter's there, he'll answer questions, he'll talk to
them on They all have a cell number. They can
(10:47):
call him anytime. Hundreds and hundreds of these reporters have
a cell number. Even this crazy Joe Scarborough, right after
Venezuela or the Greenland stuff started, he said he called
the President Trump and talked to him for twenty minutes Greenland.
I mean, that's how open he is. He'll talk to
Joe Scarborough on the phone for twenty minutes. But wherever
he is, you immediately can talk to him. He'll answer questions.
(11:11):
You see, even when he's on the plane, he'll come
out of the private cabin and answer questions for a
half hours. So anyway, the whole thing is it's a
winning situation in Venezuela. And he talked about that, you
got to win the midterms. Oh, okay, the midterms. Now
this is the other thing. How does this affect the midterms? Well,
gas prices will come down even more. They've come down dramatically. Hey,
(11:35):
By the way, it's another side issue. Gas has come
down to two fifty a gallon, two seventy five a gallon.
It was four dollars under Joe bidden It's now two
fifty everywhere except New York, and except California. It's two
fifty everywhere you go in the country. Two seventy five.
In New York it's still four dollars, four to fifty.
(11:55):
California it's five. Nobody is you have totally corrupt meat.
Otherwise they'd be all over these two governors at demanding
to know why they haven't let the gas prices come down.
The reason hasn't come down here, the state will just
add the taxes to make up for it and keep it.
So gas prices are way down all over America with Venezuela.
(12:16):
Now we're going to get fifty million gallons immediately of
their oil. That'll bring down prices even more. A lot
of the drilling that started is starting to kick in.
So also, you're going to have the tax cuts take
effect now finally, since New Year's Day, they're now in effect.
People to get more money in their paychecks. So that's
going to help Republicans in the midterm, and that's important.
Speaker 3 (12:39):
You got to win the midterms because if we don't
win the midterms, it's just going to be I mean,
they'll find a reason to impeach me.
Speaker 1 (12:48):
Yeah, there'll be an impeachment a week. But on the
other hand, when they do their remember first term was
an impeachment once every year, every spring. This will be
every month, and then they'll totally devalue the whole idea
of impeachment will mean nothing after a while. Now, the
only time bomb there is a healthcare costs. Obamacare turns
out to be totally unworkable. In fact, they called it
(13:11):
the Affordable Care Act. All it did was drive prices
up like crazy, which was to be expected. Anytime you
take anything out of the private sector and have the
government run it, it gets much more expensive. And it
got so out of control that they had to start
giving subsidies to pay for it. It's the Affordable Care Act,
but it's so unaffordable you have to have a government
subsidy to be able to afford it. So that expired.
(13:34):
Now they're going to have possible you know, one of
those shutdown talk things again at the end of the month.
Democrats want to just keep the subsidy going forever, just
subsidize it. President Trump, being a logical businessman types as well,
why don't we fix it so it actually is affordable,
(13:54):
privatize a lot of it, make it more efficient, get
all the crazy, you know, crazy corruption and complication out
of it, and make it simple. And I mean, that's
the logical thing to do. But Democrats don't want that.
So healthcare will be crucial in the midterms. We could
have had.
Speaker 3 (14:11):
Healthcare good healthcare. Obamacare is bad and the people understand
it's bad, and the premiums are horrible. But one thing
I've learned, I've learned a lot about healthcare. I found
healthcare so sort of like, not of tremendous interest, but
it was very important.
Speaker 1 (14:29):
Yeah, so again all day long. You can talk to him.
Reporters can talk to him anytime, ask him anything. Now
he's a more important issue. You know how he does
that dance and aver there's music, he starts dancing. So
he was asked about that. This is interesting. Now, his wife,
Malania is a very dignified, very elegant woman, and there
he is dancing, and he was asked about it.
Speaker 3 (14:51):
My wife hates when I do this, she said. You know,
she's a very classy person. Right, she said, it's so presidential,
he said, but I did become president somebody she hates
when I dance. I said, everybody wants darling. It's not presidential.
Speaker 1 (15:12):
Well, okay, that's true, but ninety percent of what he
does isn't presidential. He breaks all the rules and he
knows how to do it and be successful at it.
But I can understand her saying that.
Speaker 3 (15:23):
She said, could you imagine after you are dancing? She
said that to me, and I said, there's a long
history that perhaps she doesn't know. Because he was an
elegant fellow, even as a Democrat.
Speaker 1 (15:41):
Right, yeah, but again, I've known Donald Trump, I don't know,
thirty five years and the decades before he was president.
It was all the same thing as a top big
business guy in New York real estate. Everybody in that
world was why does he have to be Why does
he have to do that? Why does he have to
behave like it? You know how to back? Doesn't he know?
(16:01):
So this has been gone on his whole life. He's
perfected this system of breaking all the rules. His instincts
are great. He makes it work. Hey, coming up, we'll
get to George Conway, this crazy nutjob Democrat wants to
run for Congress here in New York. We'll get to
that and more. Coming up, we'll take some calls. Next
eight hundred three to two one zero seven ten is
(16:23):
the number. Eight hundred three two one zero seven ten.
Go to Adam in New Jersey. Adam, how you doing? Adam?
Speaker 4 (16:34):
Hello?
Speaker 1 (16:35):
Yeah? We did wake you did? We?
Speaker 5 (16:36):
Yes?
Speaker 1 (16:37):
Yeah?
Speaker 5 (16:37):
No? No, no, no no no how are you?
Speaker 1 (16:39):
Let me check? Not bad anytime? Just jump in whenever
you feel like it.
Speaker 5 (16:46):
Okay, run am I on there ready or.
Speaker 1 (16:49):
It sounds like around something, but.
Speaker 5 (16:53):
All right, So this is Mark.
Speaker 1 (16:55):
Let me see Mark. Listen.
Speaker 5 (16:56):
I'm glad you're there. But I heard that China and
Russia have already pay Venezuela and oil right for the
fields for oil rights in the fields of Venezuela. Did
they get their money back or what's your thoughts on that?
Speaker 1 (17:14):
Well, I don't think it's like Amazon where you can
just send it back and get the refined.
Speaker 5 (17:18):
No.
Speaker 1 (17:18):
Well, there's another reason we went into Venezuela. You have
all sorts of Russia, China, Iran, Cuba, everybody in there
doing god knows what it was like the axis of
evil all over again. That's another reason to break all
that up. Let's go to Mike in Florida. Mike, how
you doing.
Speaker 4 (17:35):
Good morning, Mark.
Speaker 1 (17:36):
Yes, Mike.
Speaker 4 (17:37):
The Democrats are very good at controlling the language. So
there's always the equal such and such, you know, the
Act and the fair so and so law. And affordability
is the current one. And the funny thing is, you
know what's not as affordable as it once was? Everything?
I mean, you know, you watched Andy Grifford Show, and
you know a haircut was fifty cents last time I
(17:58):
went to get a haircut down here far seventeen dollars
and it's a number two once around the head. You know,
it's like, you know, not even any.
Speaker 1 (18:05):
Yeah, no, that's true of old TV. You know, you
watch a TV show from nineteen sixty and the guy says,
I'll give you a five hundred dollars. You know, you
don't realize that's like ten thousand today. So but no,
that's a good point. Yeah, this affordability is an interesting thing. Obviously,
it's always about the economy. You remember when Bill Clinton
ran and carvill famously said, it's the economy, stupid, It's
(18:27):
always the economy. But Democrats last year did extensive testing
with focus groups, seriously, and they came on the word
affordability in the focus groups and it tested through the roof.
So they zero it in on that word affordability, affordability.
And it's not that they're so good at messaging. It's
(18:48):
just the corruption where the every inch of media, anchors, newspaper,
they're all in cahoots with them. And if they drill
it into your head over and over and over and
you start to believe it, affordability crisis. If that's all
you see day and night, everywhere you turn, affordability crisis.
You'll start to think there's an affordability crisis. You know,
(19:09):
they did that with Curtis in the race.
Speaker 5 (19:12):
Uh.
Speaker 1 (19:12):
You know, Curtis had as good a chance as Mam
Donnie in the beginning. I mean, if you look at
these two guys on paper, Mam Donnie never had a
job twelve years old. I mean, on paper, this guy
has no chance. But they kept doing that over and over.
Twenty four to seven. All you heard was Curtis can't win.
CURTI Yeah, well Curtis is great, but he can't win.
He can't win, he can't win. Well, after a while
people start to believe this. Let's go to uh, let's
(19:34):
go to Vincent and Brooklyn. Vincent, how you doing.
Speaker 6 (19:36):
I'm doing good, Mark, Mark. Every time I hear his
word affordability, I'm going to say, the government is the first,
the first person that causes uh unaffordability in the City
of New York. Like this latest bonehead idea that got
the city Council a couple of months ago pass this law.
(20:00):
It wasn't veto proof. They passed this law that if
you're going to sell you if you have a private
building and you're gonna sell it, you have to offer
it to one of sixteen nonprofit agencies that the city's
gonna tell you. You have to offer it to them first,
and if den if they don't want it, you could
(20:21):
sell it privately. And even then, if you're in before
you go into contract, you have to offer it to
these sixteen probably not nonprofit communist agencies. Well, I spoke
actually to a lawyer about this, and this is totally unconstitutional.
The problem is is the New York City courts are
(20:43):
all rigged with these left wing nut jobs. So it's
gonna that's.
Speaker 1 (20:47):
What happened to Donald Trump. And let me ask you
a question. You're a smart guy. You could be in
any business you want. Why would anybody be a owner
of an apartment building or a landlord? It's got to
be the most difficult, troubled, the kind of way, just
NonStop problems, isn't it?
Speaker 2 (21:01):
Mark?
Speaker 6 (21:02):
These days? It is especially Mandami the other day appointed
this so called tenants rights advocate. Her name is CEA Weaver,
and she actually went on the air in an interview
and says, we have to rethink private property rights.
Speaker 1 (21:19):
Oh yeah, no, I'll give me a better one. Let
me see here's an actual quote for her home ownership
is a weapon of white supremacy exactly.
Speaker 6 (21:28):
And then she goes on to say that we're going
to attack white neighborhoods more than minority neighborhood so forth
and so on. I actually spoke to a lawyer about
this and he did tell me this is totally unconsciousness.
Speaker 1 (21:46):
It is, but you know, it's New York. But we
got to go for the news with great call. We'll
get back to that woman and some of her crazy
Mondannie just put her in charge of housing. Well, we'll
get to her in the next hour. But you know,
we bring you the smartest people on earth will do
that in the moment. Steve Forbes will be with us.
He can explain a lot of this stuff in a
very rational way with the Steve Forbes next on seven
(22:08):
to ten wo r Steve Forbes, of course, the chairman,
editor in chief Forbes Media. Also, you know he's the
best selling author. You should get his latest book, Inflation.
There is no better book on the subject. Just go
to Amazon. You can get it there. Inflation, excellent book.
Steve Forbes, How are you.
Speaker 2 (22:26):
Doing fine?
Speaker 1 (22:27):
Thanks?
Speaker 2 (22:27):
How are you in this new year? Lots happening. Seems
like the year's half over already with everything that's going on.
Speaker 1 (22:33):
Yeah, speaking of hey, we're talking about affordability. Democrats found
that word through focus groups, affordability. But it has improved
a lot in the last year, hasn't it.
Speaker 2 (22:46):
The real progress is being made. One of the things
I think the Trump President Trump and his team underestimated
was how big of a mess they were actually inherited
from the Biden administration. But when you go down the
list of what they've done and what I hope they're
going to be doing this year, it's impressive. One of
the most boring subjects in the world, of course, is regulation.
(23:08):
It's not the kind of thing that has people really aroused,
but it's been a huge drain, huge burden on American
manufacturing and what they've done and things like with evs.
You know, if they make these regulations permanent through legislation,
the auto industry is going to have a revival and
renaissance that we haven't seen since the nineteen fifties and
(23:28):
nineteen sixties in terms of new designs and new ways
of doing things instead of everything looking like a jelly
bean because of government regulations. So they're doing really really
important things. Hundreds of billions of dollars are going to
be saved through a deregulation. The tax cut is a
savior of preserving the twenty seventeen tax cuts, but also
the big write offs for investment in manufacturing and businesses
(23:52):
today is going to kick in. And one of the
things they're talking about, which I hope they'll do Mark,
is have a second reconciliation bill and cut personal income
tax rates, cut the corporate rate, which President Trump wanted
to do from twenty one to fifteen percent, cut the
capital gains, which that should be a no brainer. It's
good for investment but also instantly raises revenue. So some
(24:14):
things are moving in the right way, and a big
battle coming up again. Another boring subject monetary policy is
the Federal Reserve. Getting somebody in there who will fundamentally
re rechange, change the way the Federal Reserve operates on.
The FED operates on the assumption the prosperity causes inflation.
They have an allergy to a vigorous, growing economy, and
(24:36):
that's got to be changed because that's been a dead
weight for decades.
Speaker 1 (24:40):
But how crucial is the Fed nowadays you know, you
can't rate cut your way to prosperity, can you.
Speaker 2 (24:47):
No, But what you can do is have rates actually
set by the marketplace. What the FED is doing now
is a form of rent control. We know what that's
done in New York, and we'll do even more. But
you know, they used to talk about renting the money.
So when you're borrowing the money, you're renting it, and
the Federal Reserve is setting the rental rates instead of
letting the market do it. So the key thing is
(25:08):
not to have the FED come up the financial markets,
which is done with their artificial coming around with interest rates,
and go for a stable dollar. That's why I hope
Treasury Secretary Besson and President Trump say they want a strong,
stable dollar. They want the dollar to remain a reserve
currency where you have to have a stable and trustworthy
So I hope they get the FED in the right direction.
(25:30):
And I'll make a prediction even though I'm probably wrong,
but you never make money going with the crowd. In
terms of the head of the FED, I think a
good thing would be to send Scott Besson over to
the FED.
Speaker 1 (25:41):
He's got the.
Speaker 2 (25:42):
Strength and knows what needs to be done and have
Kevin Hassett, I'll go to the Treasury Department.
Speaker 1 (25:49):
Oh well, listen, you know more about this than I.
But Scott Besson's a great Treasury secretary and there's oh
yes he is. YEA other people could be great FED chairman.
Look who I'm talking to, Warp, You'd be perfect for it,
but you.
Speaker 2 (26:02):
Got I'm an agitator now.
Speaker 1 (26:06):
But is it your top guy? If it's Scott Besston,
wouldn't need be more valuable as a Treasury secretary than
a FED chairman.
Speaker 2 (26:16):
I think he would be. Actually, well, the reason I
would like him at the FED is that one, he's
got a fixed term, and he would not. I think
he's because of his background in finance and the success
in finance. There's no way they can capture him, no
way they can buffalo him the way they did Jerome Powell.
(26:37):
And I think he would also know how to ask
the right questions, that's key, and have the and not
be intimidated by PhDs. They're over three hundred there now
they should be uber drivers, but they're they're at the
FED right now mucking things up, and and so I
think Besson would have the strength to really turn things
(26:59):
over We've already seen what Lee's Eldon's done at the
EPA in terms of deregulation, and the tread of the
Energy team with this administration's phenomenal, right, and Bergham's that
that's going to pay real dividends and already is at
the pump. And by the way, by the way, the
(27:21):
lower price of gas line somehow doesn't make the headlines
the way it does when the Democrats are in and
prices are going up and gets ignored. Prices are going
down and the media ignores it. But with winner right
with us, boy, people want those low rates, you know.
Speaker 1 (27:39):
Part of the problem though I don't know how they
managed to do it, but as the price has dropped
a lot on gas here in New York and in California,
they kept the price way up there at four dollars
a gallon, which is where most of the reporters in
the media live, so they haven't felt the effect yet.
Speaker 2 (27:54):
Yeah, that's a good point. And but you know, since
they pride themselves and being a great journalist, they should
ask the question why and the answer is thing called tax.
Speaker 1 (28:10):
Steve Forth, let me ask you about Venezuela. It was
a booming economy for many years, and then Chavez and
Maduro come in with their socialism and screw it up.
What's the potential for the economy in Venezuela with the
right leader.
Speaker 2 (28:25):
The potential is phenomenal. We all know about their oil reserves,
and it will take time to get the fields back up.
They've been erecked and that takes time. But one of
the things I hope we do before we have a
new democratic elected government. There is a couple of things.
One is keep out the International Monetary Fund the IMF.
(28:46):
They always recommend higher taxes and currency devaluations with triggers inflation.
So keep out the IMF and know what they should
do do in Venezuela is since nobody pays attention to
their bullovar currency anymore toilet paper, is it dollarize it?
Malay should have done that in Argentina, the President of Argentina.
(29:07):
But dollarize the Venezuelan economy. They're always already using dollars
informally anyway, so make it formal and then put in
a low rate tax system and by golly, you'd see
you've got millions of people who left Venezuela. They would
bring capital back you'd see domestic capital being created again.
And there you said, they have an entrepreneurial spirit, and
(29:30):
you could see that economy not revived just because of oil,
but doing other things. And you have a success in Venezuela.
You've got a new president of Chile to get that
country back on track. Hopefully Malay gets it right with
the currency. In Argentina. You have those three countries booming.
By golly, that changes everything, not just in Latin America,
(29:50):
but as a model for other countries around the world.
Speaker 1 (29:53):
Hey, Steve Forbes, what's your outlook forecast for New Jersey
with another crazy Democrat governor? Oh man, You.
Speaker 2 (30:05):
Know, whenever you talk, whenever you talk to a financial advisor,
the first thing they say to me, they're more polite
than I'm about to be to myself.
Speaker 1 (30:16):
You idiot.
Speaker 2 (30:17):
Why he's saying in the state of New Jersey, that's
one of the most misgoverned states in the Union. And
the sad thing is years ago, Larry Cudlow and I
did a tax program for Christy Whitman when she became governor,
and we helped get through big cuts in the state
income tax rate. And one of the things we learned
back then was New Jersey was once the most prosperous
(30:39):
state in the country, grew faster than the rest of
the country, recovered faster than the rest of the country,
and high taxes and regulation killed what had been a
booming economy, always doing better than the national average. And
that can be brought back again. That's why the pharmaceutical
industry is based in New Jersey and other industries, and.
Speaker 1 (31:00):
The policy wrecked it.
Speaker 2 (31:02):
And that's what is so frustrating as we see real
life examples of before and after. And yet and yet
people continue to talk about the need for re education centers.
Maybe for economics, I don't know, but well, it's sad
because the potential is enormous, but people and capital are
(31:24):
moving elsewhere.
Speaker 1 (31:26):
Well I would laugh at you, but we just elected
Kathy Hokele and Mamdani So I'm who am I to
But yes, Steve Forbes great to talk to you. Everybody
should get his book. His latest book is Inflation. No
better book on the subject inflation. Just go to Amazon
and get Steve Forbes's book, read his columns, watch them
on television. Of course, Forbes one of the great media
(31:48):
companies in America, in the world Steve Forbes, thanks for
being with us.
Speaker 2 (31:53):
Thank you, and keep up your a great fight, especially
now that we've got a communist running the great New
York Venezuela. Throw it gets loss of communist.
Speaker 1 (32:03):
And we gave one. Well. Thanks for reminding us, Steve Forbes,
have a great new year. Thanks for being with us,
you too, Thank you. Mark, take care. Hey, don't forget
Bucking Clay coming up at noon today. They do an
excellent show every day twelve noon. Then you got the
most listened to radio show in America, Sean Hannity three o'clock.
You got Jesse Kelly at six. And if you heard
the new Jimmy Fayala show every night at nine, it
(32:26):
is excellent on seven to ten. Wor Hey, the awards
show for fans is back. You can celebrate right now.
It's the iHeartRadio Music Awards coming back to Fox March
twenty sixth. But this Thursday morning, Oh that's tomorrow morning.
Tomorrow morning at nine am. You'll find out about the
show and how you can vote for your favorite artists.
(32:48):
Don't miss it tomorrow morning at nine. Mark Simone n
Wy at Twitter or x or whatever you want to
call it. Also follow me on Instagram and all of
that stuff coming up. In the next hour. We'll get
to thus ehlliest guy in the world, Tim Waltz. It
w'll also get to this crazy George Conway. He wants
to be our congressman.
It's only about three hundred more weeks of him to
get through, and then you'll be fine. Got to keep
clearing my throat. I'm not sick, I just my nose
has been stuffed up for a week and a half.
It's just this ridiculously cold weather. It's gonna be in
the forties today, fifties later this week in Alaska. Remember
(00:21):
the Remember a couple weeks ago we had all that
snow on a Friday. Remember Bridgeport seven inches long, Island
seven inches. It was harm seven inches through this weather Alaska.
This is just the past couple of days. Seven feet
of snow, seven feet of snow. You know here, if
you get an inch, there's already a school closings immediately Alaska.
(00:44):
You got to get to about ten feet before they
close the schools there. So we'll get to Venezuela, we'll
get to Greenland, we'll get to Tim Waltz, we'll get
to CBS News. They're getting a lot of flat. They've
been cleaning up the evening News, trying to make it
less corrupt, and they're getting a lot of fla. Hey,
we'll get to that crazy George Conway who's running for
Congress we'll get to mom. Donnie Hey. Speaking of getting
(01:06):
a lot of flack, this Hilton story did not get
a lot of coverage. But you know, there's Hilton is
a great hotel chain. You got Hilton hotels all over
the place, and there's one in the Minnesota where you know,
ICE when they go into these cities, you don't realize
all the logistics that are required. And I forget arresting
the criminals, the criminal illegals, just the logistics of getting
(01:31):
them all there. If you want to send one hundred
ICE agents there, you got to move them there. All
their equipment, everything, their vehicles, everything has to be moved there.
And then you got to find a hotel for them
to stay in. So in every city they have to
book one hundred hotel rooms. Although well, government likes to
waste money. But although it might be you know, they
(01:51):
double up, so it's fifty hotel rooms, two in a room, whatever.
But in Minneapolis they used here it is again in Minneapolis,
they used a Hilton hotel to have the ICE agents stay, well,
the local Hilton hotel employees. You know, it's a Minnesota
and they were crazy left wing, childish democrats, woke democrats,
(02:15):
so they found out these were Ice people coming to
stay in the hotel, so they canceled the reservation and
informed Ice that they were not welcome to stay in
this Hilton hotel. Well, you can't do that, of course,
that's ridiculous. Now, it's not the fault of Hilton the corporation.
It's these employees in this local hotel, and it turns
(02:38):
out it's not owned by Hilton. You know, many of
these hotels are owned and built by Hilton, but a
lot of these hotels you stay in were just built
by the local guy who built a hotel and then
he makes a deal with Hilton to come in and
run it and put their name on it. It's a
franchise you can buy, so you can build yourself a
beautiful hotel and then you get Marriott to be the
(02:59):
name on it and run it. You have to make
a partnership franchise agreement with them. In this case, it
was Hilton. So Hilton looked into this and they immediately
withdrew the franchise. They fired this local owner and hotel.
They took their name off the hotel. They will have
nothing to do with this hotel anymore. It's against their
policy to discriminate against people because of their race, or
(03:20):
because you don't like the way they look, or you
don't like their politics. You can't discriminate and refuse to
give them a room. So Hilton has withdrawn the franchise.
They will have nothing to do with Hotel anymore. So now,
of course, the left wing cooks are all going after Hilton,
denouncing Hilton, writing about Hilton. Here's one of these left
wing cooks. Hilton was trying to protect people from government
(03:44):
thugs who separate people from their families. They separate families.
Speaker 2 (03:49):
Well.
Speaker 1 (03:49):
First of all, every law enforcement agency in the world
separates families. The New York City police separate families. The
Minneapolis police separate whenever anybody's arrested. If they arrest a woman,
say a mother, and they arrest her and have to
arrest her, take her in handcuff her, take her to jail.
That you can't bring your kids with you. You're separated.
(04:10):
The kids have to stay with a relative or something,
or if there's nobody, they go into child services. But
every law enforcement agency separates families. Every arrest, families are separated.
So Hilton getting a lot of flack. Now, you know,
who else is getting a lot of flax. CBS News
because the new woman in charge, Barry Weiss, decided to
(04:33):
clean up the corruption over there and try to make
it a little more fair and balanced. So normally you
watch the CBS Evening News, all they do is denounce
the President, denounce the administration, call them all kinds of names.
Whatever they do, it's awful. So the new CBS News
under Berry Weiss, they put in a new anchor. This
guy's pretty good. It's off to a rough, rocky start,
(04:55):
but he's pretty good. He'll he'll slowly, you know, he
actually get some pretty good ank. This David Muher, you know,
might be a little slanted, but he's a sharp look
and it's a great newscast. The ABC Evening News and
the new NBC News anchor. I can't remember his name,
Tom Yamas. That's his name, Tom Yamas. He's actually I
like Lester Holdy was a nice guy. Totally corrupt on
(05:17):
the air, totally biased, but he's a nice guy. This
guy's sharper, better, quicker, and the same thing with CBS.
This guy's pretty good. But they've decided to make the
newscast fair. So every night they'll go after the Trump
administration a little with the language because it's still being
written by CBS newswriters. But they'll be fair, they'll put
the other side. On the first night of this new guy,
(05:40):
he gave Pete Hegxith three segments on the New three
segments on the Evening News to respond. And then it
was Marco Rubio one night. They brought him on live
and whatever they said bad about Trump, they put on Rubio,
let him respond. And then Christy Nome, whatever the attack was,
they then put went to her, put her on live
on the news and let her respond. That's the fair
(06:01):
thing to do, so you're supposed to do so. CBS
News getting all kinds of flak from left wing critics
now attacking them like crazy. Here's one the call says it.
Now it's become Fox News light. They're shilling for the administration,
just giving the other the other side of chance to respond.
That's shilling for the administration. So uh, changes are happening.
(06:25):
And remember this is only the first year of Donald Trump.
Give them two three years and we'll see what happens. Now,
all this Greenland talk, you know, I feel bad for
the Democrats. This is costing them a fortune. You know,
they all had to go out and buy Ukrainian flags
to wave around. And then all the trouble in Israel
they had and they had to go out and you know,
(06:46):
get rid of the flags. They had to go out
and buy a Hamas flags and Palestinian flags to wave around.
I mean every second they got to buy a new flat.
Then ice they had, all these liberals had to go
buy Mexican flags, and now they all got to go
buy Venezuelan flags. You know, they're spending a fortune on flags.
Had I known this was going to happen, I would
have bought stock and flag companies a couple of years ago.
(07:09):
But it just you go into any left wing kook
woke democrats home, there's a closet now filled with different flags. Hey,
by the way, a lot of this stuff, these protests
are funded organized. They're not organic or natural. Many of
them paid for by Soros and those other oligarchs. The
Democrat oligarchs like Soros fund them. Nicole what's his name,
(07:32):
Reid Hoffman. Reid Hoffman. So the president and the administration
for they've hinted at this, but for the first time
ever they said they're looking at going after them harmit.
Dillon and others in the Department of Justice now talking
about conspiracy charges against them. When you see what looks
supposed to be just an organic protest that happened all
(07:53):
of a sudden over Venezuela, they all two hundred of them,
have all the same equipment. They have the same exact
signs from the same printer, and they're real high quality,
glossy printed signs, really expensive. Well, so this is all
being funded by these Soros type zillionaires. But now they're
talking about rico charges, conspiracy charges funding protests, so finally
(08:19):
something may be done about that. So the Venezuela talk.
Now here's the other thing. The President talking about Greenland
taking over Greenland, hinting at the military go in there
and sees Greenland. He's not going to do that. It's
not going to be the military. First of all, the
military seizing Greenland. A boy Scout troop could take over
Greenland in about half an hour. I mean, it would
(08:41):
take twenty minutes to seize Greenland. So what he wants
is to buy it from Denmark. Denmark owns Greenland. And
there was a time a while back where they were
actually kind of interested in talking about it because the
price was going to be billions of dollars for Greenland
and they needed the money. Denmark's economy in trouble, a big, huge, huge,
(09:03):
huge deficit and debt. Well, one of the things that
saved them was that ozempic because apparently some of the
original whatever it is from ozempic made in Greenland in Denmark,
and they've made a fortune off it, which made up
a lot of their deficit. But US wants Greenland, they'd
like to buy it. They'd like to work out an
(09:23):
agreement to buy it and pay for it and then
own it. But that's the reason for all this invasion
military to it's just negotiating, just negotiating. There's no chance
of actually invading Greenland or taking it over. But it's
a very valuable thing for the US. It's very important,
crucial military base for US, crucial as far as shipping lanes.
(09:44):
It has all kinds of defense strategic reasons why we
need to have Greenland. Also, it's filled with valuable minerals
and stuff. So it's a win win to take Greenland.
And Denmark really doesn't need it for any defense purposes
or strategic purposes or military base purposes, and then there's
always the fear for all those same reasons that the
(10:05):
Russia or somebody else could take it over President Trump.
You know, remember Joe Biden, remember him, And maybe once
a year he tried to do a press conference and
they'd call on three people where they were already picked beforehand,
questions and answers written out right in front of Joe.
And they had to put a big card with the
(10:27):
reporter's name so Joe could call on him, and the
reporter's picture so he'd recognize them. And they used a
real big font you know, so Joe could see it.
Those are the old days. Now it's President Trump every
two seconds of press conference, anytime he's walking in the hall,
anytime the reporter's there, he'll answer questions, he'll talk to
them on They all have a cell number. They can
(10:47):
call him anytime. Hundreds and hundreds of these reporters have
a cell number. Even this crazy Joe Scarborough, right after
Venezuela or the Greenland stuff started, he said he called
the President Trump and talked to him for twenty minutes Greenland.
I mean, that's how open he is. He'll talk to
Joe Scarborough on the phone for twenty minutes. But wherever
he is, you immediately can talk to him. He'll answer questions.
(11:11):
You see, even when he's on the plane, he'll come
out of the private cabin and answer questions for a
half hours. So anyway, the whole thing is it's a
winning situation in Venezuela. And he talked about that, you
got to win the midterms. Oh, okay, the midterms. Now
this is the other thing. How does this affect the midterms? Well,
gas prices will come down even more. They've come down dramatically. Hey,
(11:35):
By the way, it's another side issue. Gas has come
down to two fifty a gallon, two seventy five a gallon.
It was four dollars under Joe bidden It's now two
fifty everywhere except New York, and except California. It's two
fifty everywhere you go in the country. Two seventy five.
In New York it's still four dollars, four to fifty.
(11:55):
California it's five. Nobody is you have totally corrupt meat.
Otherwise they'd be all over these two governors at demanding
to know why they haven't let the gas prices come down.
The reason hasn't come down here, the state will just
add the taxes to make up for it and keep it.
So gas prices are way down all over America with Venezuela.
(12:16):
Now we're going to get fifty million gallons immediately of
their oil. That'll bring down prices even more. A lot
of the drilling that started is starting to kick in.
So also, you're going to have the tax cuts take
effect now finally, since New Year's Day, they're now in effect.
People to get more money in their paychecks. So that's
going to help Republicans in the midterm, and that's important.
Speaker 3 (12:39):
You got to win the midterms because if we don't
win the midterms, it's just going to be I mean,
they'll find a reason to impeach me.
Speaker 1 (12:48):
Yeah, there'll be an impeachment a week. But on the
other hand, when they do their remember first term was
an impeachment once every year, every spring. This will be
every month, and then they'll totally devalue the whole idea
of impeachment will mean nothing after a while. Now, the
only time bomb there is a healthcare costs. Obamacare turns
out to be totally unworkable. In fact, they called it
(13:11):
the Affordable Care Act. All it did was drive prices
up like crazy, which was to be expected. Anytime you
take anything out of the private sector and have the
government run it, it gets much more expensive. And it
got so out of control that they had to start
giving subsidies to pay for it. It's the Affordable Care Act,
but it's so unaffordable you have to have a government
subsidy to be able to afford it. So that expired.
(13:34):
Now they're going to have possible you know, one of
those shutdown talk things again at the end of the month.
Democrats want to just keep the subsidy going forever, just
subsidize it. President Trump, being a logical businessman types as well,
why don't we fix it so it actually is affordable,
(13:54):
privatize a lot of it, make it more efficient, get
all the crazy, you know, crazy corruption and complication out
of it, and make it simple. And I mean, that's
the logical thing to do. But Democrats don't want that.
So healthcare will be crucial in the midterms. We could
have had.
Speaker 3 (14:11):
Healthcare good healthcare. Obamacare is bad and the people understand
it's bad, and the premiums are horrible. But one thing
I've learned, I've learned a lot about healthcare. I found
healthcare so sort of like, not of tremendous interest, but
it was very important.
Speaker 1 (14:29):
Yeah, so again all day long. You can talk to him.
Reporters can talk to him anytime, ask him anything. Now
he's a more important issue. You know how he does
that dance and aver there's music, he starts dancing. So
he was asked about that. This is interesting. Now, his wife,
Malania is a very dignified, very elegant woman, and there
he is dancing, and he was asked about it.
Speaker 3 (14:51):
My wife hates when I do this, she said. You know,
she's a very classy person. Right, she said, it's so presidential,
he said, but I did become president somebody she hates
when I dance. I said, everybody wants darling. It's not presidential.
Speaker 1 (15:12):
Well, okay, that's true, but ninety percent of what he
does isn't presidential. He breaks all the rules and he
knows how to do it and be successful at it.
But I can understand her saying that.
Speaker 3 (15:23):
She said, could you imagine after you are dancing? She
said that to me, and I said, there's a long
history that perhaps she doesn't know. Because he was an
elegant fellow, even as a Democrat.
Speaker 1 (15:41):
Right, yeah, but again, I've known Donald Trump, I don't know,
thirty five years and the decades before he was president.
It was all the same thing as a top big
business guy in New York real estate. Everybody in that
world was why does he have to be Why does
he have to do that? Why does he have to
behave like it? You know how to back? Doesn't he know?
(16:01):
So this has been gone on his whole life. He's
perfected this system of breaking all the rules. His instincts
are great. He makes it work. Hey, coming up, we'll
get to George Conway, this crazy nutjob Democrat wants to
run for Congress here in New York. We'll get to
that and more. Coming up, we'll take some calls. Next
eight hundred three to two one zero seven ten is
(16:23):
the number. Eight hundred three two one zero seven ten.
Go to Adam in New Jersey. Adam, how you doing? Adam?
Speaker 4 (16:34):
Hello?
Speaker 1 (16:35):
Yeah? We did wake you did? We?
Speaker 5 (16:36):
Yes?
Speaker 1 (16:37):
Yeah?
Speaker 5 (16:37):
No? No, no, no no no how are you?
Speaker 1 (16:39):
Let me check? Not bad anytime? Just jump in whenever
you feel like it.
Speaker 5 (16:46):
Okay, run am I on there ready or.
Speaker 1 (16:49):
It sounds like around something, but.
Speaker 5 (16:53):
All right, So this is Mark.
Speaker 1 (16:55):
Let me see Mark. Listen.
Speaker 5 (16:56):
I'm glad you're there. But I heard that China and
Russia have already pay Venezuela and oil right for the
fields for oil rights in the fields of Venezuela. Did
they get their money back or what's your thoughts on that?
Speaker 1 (17:14):
Well, I don't think it's like Amazon where you can
just send it back and get the refined.
Speaker 5 (17:18):
No.
Speaker 1 (17:18):
Well, there's another reason we went into Venezuela. You have
all sorts of Russia, China, Iran, Cuba, everybody in there
doing god knows what it was like the axis of
evil all over again. That's another reason to break all
that up. Let's go to Mike in Florida. Mike, how
you doing.
Speaker 4 (17:35):
Good morning, Mark.
Speaker 1 (17:36):
Yes, Mike.
Speaker 4 (17:37):
The Democrats are very good at controlling the language. So
there's always the equal such and such, you know, the
Act and the fair so and so law. And affordability
is the current one. And the funny thing is, you
know what's not as affordable as it once was? Everything?
I mean, you know, you watched Andy Grifford Show, and
you know a haircut was fifty cents last time I
(17:58):
went to get a haircut down here far seventeen dollars
and it's a number two once around the head. You know,
it's like, you know, not even any.
Speaker 1 (18:05):
Yeah, no, that's true of old TV. You know, you
watch a TV show from nineteen sixty and the guy says,
I'll give you a five hundred dollars. You know, you
don't realize that's like ten thousand today. So but no,
that's a good point. Yeah, this affordability is an interesting thing. Obviously,
it's always about the economy. You remember when Bill Clinton
ran and carvill famously said, it's the economy, stupid, It's
(18:27):
always the economy. But Democrats last year did extensive testing
with focus groups, seriously, and they came on the word
affordability in the focus groups and it tested through the roof.
So they zero it in on that word affordability, affordability.
And it's not that they're so good at messaging. It's
(18:48):
just the corruption where the every inch of media, anchors, newspaper,
they're all in cahoots with them. And if they drill
it into your head over and over and over and
you start to believe it, affordability crisis. If that's all
you see day and night, everywhere you turn, affordability crisis.
You'll start to think there's an affordability crisis. You know,
(19:09):
they did that with Curtis in the race.
Speaker 5 (19:12):
Uh.
Speaker 1 (19:12):
You know, Curtis had as good a chance as Mam
Donnie in the beginning. I mean, if you look at
these two guys on paper, Mam Donnie never had a
job twelve years old. I mean, on paper, this guy
has no chance. But they kept doing that over and over.
Twenty four to seven. All you heard was Curtis can't win.
CURTI Yeah, well Curtis is great, but he can't win.
He can't win, he can't win. Well, after a while
people start to believe this. Let's go to uh, let's
(19:34):
go to Vincent and Brooklyn. Vincent, how you doing.
Speaker 6 (19:36):
I'm doing good, Mark, Mark. Every time I hear his
word affordability, I'm going to say, the government is the first,
the first person that causes uh unaffordability in the City
of New York. Like this latest bonehead idea that got
the city Council a couple of months ago pass this law.
(20:00):
It wasn't veto proof. They passed this law that if
you're going to sell you if you have a private
building and you're gonna sell it, you have to offer
it to one of sixteen nonprofit agencies that the city's
gonna tell you. You have to offer it to them first,
and if den if they don't want it, you could
(20:21):
sell it privately. And even then, if you're in before
you go into contract, you have to offer it to
these sixteen probably not nonprofit communist agencies. Well, I spoke
actually to a lawyer about this, and this is totally unconstitutional.
The problem is is the New York City courts are
(20:43):
all rigged with these left wing nut jobs. So it's
gonna that's.
Speaker 1 (20:47):
What happened to Donald Trump. And let me ask you
a question. You're a smart guy. You could be in
any business you want. Why would anybody be a owner
of an apartment building or a landlord? It's got to
be the most difficult, troubled, the kind of way, just
NonStop problems, isn't it?
Speaker 2 (21:01):
Mark?
Speaker 6 (21:02):
These days? It is especially Mandami the other day appointed
this so called tenants rights advocate. Her name is CEA Weaver,
and she actually went on the air in an interview
and says, we have to rethink private property rights.
Speaker 1 (21:19):
Oh yeah, no, I'll give me a better one. Let
me see here's an actual quote for her home ownership
is a weapon of white supremacy exactly.
Speaker 6 (21:28):
And then she goes on to say that we're going
to attack white neighborhoods more than minority neighborhood so forth
and so on. I actually spoke to a lawyer about
this and he did tell me this is totally unconsciousness.
Speaker 1 (21:46):
It is, but you know, it's New York. But we
got to go for the news with great call. We'll
get back to that woman and some of her crazy
Mondannie just put her in charge of housing. Well, we'll
get to her in the next hour. But you know,
we bring you the smartest people on earth will do
that in the moment. Steve Forbes will be with us.
He can explain a lot of this stuff in a
very rational way with the Steve Forbes next on seven
(22:08):
to ten wo r Steve Forbes, of course, the chairman,
editor in chief Forbes Media. Also, you know he's the
best selling author. You should get his latest book, Inflation.
There is no better book on the subject. Just go
to Amazon. You can get it there. Inflation, excellent book.
Steve Forbes, How are you.
Speaker 2 (22:26):
Doing fine?
Speaker 1 (22:27):
Thanks?
Speaker 2 (22:27):
How are you in this new year? Lots happening. Seems
like the year's half over already with everything that's going on.
Speaker 1 (22:33):
Yeah, speaking of hey, we're talking about affordability. Democrats found
that word through focus groups, affordability. But it has improved
a lot in the last year, hasn't it.
Speaker 2 (22:46):
The real progress is being made. One of the things
I think the Trump President Trump and his team underestimated
was how big of a mess they were actually inherited
from the Biden administration. But when you go down the
list of what they've done and what I hope they're
going to be doing this year, it's impressive. One of
the most boring subjects in the world, of course, is regulation.
(23:08):
It's not the kind of thing that has people really aroused,
but it's been a huge drain, huge burden on American
manufacturing and what they've done and things like with evs.
You know, if they make these regulations permanent through legislation,
the auto industry is going to have a revival and
renaissance that we haven't seen since the nineteen fifties and
(23:28):
nineteen sixties in terms of new designs and new ways
of doing things instead of everything looking like a jelly
bean because of government regulations. So they're doing really really
important things. Hundreds of billions of dollars are going to
be saved through a deregulation. The tax cut is a
savior of preserving the twenty seventeen tax cuts, but also
the big write offs for investment in manufacturing and businesses
(23:52):
today is going to kick in. And one of the
things they're talking about, which I hope they'll do Mark,
is have a second reconciliation bill and cut personal income
tax rates, cut the corporate rate, which President Trump wanted
to do from twenty one to fifteen percent, cut the
capital gains, which that should be a no brainer. It's
good for investment but also instantly raises revenue. So some
(24:14):
things are moving in the right way, and a big
battle coming up again. Another boring subject monetary policy is
the Federal Reserve. Getting somebody in there who will fundamentally
re rechange, change the way the Federal Reserve operates on.
The FED operates on the assumption the prosperity causes inflation.
They have an allergy to a vigorous, growing economy, and
(24:36):
that's got to be changed because that's been a dead
weight for decades.
Speaker 1 (24:40):
But how crucial is the Fed nowadays you know, you
can't rate cut your way to prosperity, can you.
Speaker 2 (24:47):
No, But what you can do is have rates actually
set by the marketplace. What the FED is doing now
is a form of rent control. We know what that's
done in New York, and we'll do even more. But
you know, they used to talk about renting the money.
So when you're borrowing the money, you're renting it, and
the Federal Reserve is setting the rental rates instead of
letting the market do it. So the key thing is
(25:08):
not to have the FED come up the financial markets,
which is done with their artificial coming around with interest rates,
and go for a stable dollar. That's why I hope
Treasury Secretary Besson and President Trump say they want a strong,
stable dollar. They want the dollar to remain a reserve
currency where you have to have a stable and trustworthy
So I hope they get the FED in the right direction.
(25:30):
And I'll make a prediction even though I'm probably wrong,
but you never make money going with the crowd. In
terms of the head of the FED, I think a
good thing would be to send Scott Besson over to
the FED.
Speaker 1 (25:41):
He's got the.
Speaker 2 (25:42):
Strength and knows what needs to be done and have
Kevin Hassett, I'll go to the Treasury Department.
Speaker 1 (25:49):
Oh well, listen, you know more about this than I.
But Scott Besson's a great Treasury secretary and there's oh
yes he is. YEA other people could be great FED chairman.
Look who I'm talking to, Warp, You'd be perfect for it,
but you.
Speaker 2 (26:02):
Got I'm an agitator now.
Speaker 1 (26:06):
But is it your top guy? If it's Scott Besston,
wouldn't need be more valuable as a Treasury secretary than
a FED chairman.
Speaker 2 (26:16):
I think he would be. Actually, well, the reason I
would like him at the FED is that one, he's
got a fixed term, and he would not. I think
he's because of his background in finance and the success
in finance. There's no way they can capture him, no
way they can buffalo him the way they did Jerome Powell.
(26:37):
And I think he would also know how to ask
the right questions, that's key, and have the and not
be intimidated by PhDs. They're over three hundred there now
they should be uber drivers, but they're they're at the
FED right now mucking things up, and and so I
think Besson would have the strength to really turn things
(26:59):
over We've already seen what Lee's Eldon's done at the
EPA in terms of deregulation, and the tread of the
Energy team with this administration's phenomenal, right, and Bergham's that
that's going to pay real dividends and already is at
the pump. And by the way, by the way, the
(27:21):
lower price of gas line somehow doesn't make the headlines
the way it does when the Democrats are in and
prices are going up and gets ignored. Prices are going
down and the media ignores it. But with winner right
with us, boy, people want those low rates, you know.
Speaker 1 (27:39):
Part of the problem though I don't know how they
managed to do it, but as the price has dropped
a lot on gas here in New York and in California,
they kept the price way up there at four dollars
a gallon, which is where most of the reporters in
the media live, so they haven't felt the effect yet.
Speaker 2 (27:54):
Yeah, that's a good point. And but you know, since
they pride themselves and being a great journalist, they should
ask the question why and the answer is thing called tax.
Speaker 1 (28:10):
Steve Forth, let me ask you about Venezuela. It was
a booming economy for many years, and then Chavez and
Maduro come in with their socialism and screw it up.
What's the potential for the economy in Venezuela with the
right leader.
Speaker 2 (28:25):
The potential is phenomenal. We all know about their oil reserves,
and it will take time to get the fields back up.
They've been erecked and that takes time. But one of
the things I hope we do before we have a
new democratic elected government. There is a couple of things.
One is keep out the International Monetary Fund the IMF.
(28:46):
They always recommend higher taxes and currency devaluations with triggers inflation.
So keep out the IMF and know what they should
do do in Venezuela is since nobody pays attention to
their bullovar currency anymore toilet paper, is it dollarize it?
Malay should have done that in Argentina, the President of Argentina.
(29:07):
But dollarize the Venezuelan economy. They're always already using dollars
informally anyway, so make it formal and then put in
a low rate tax system and by golly, you'd see
you've got millions of people who left Venezuela. They would
bring capital back you'd see domestic capital being created again.
And there you said, they have an entrepreneurial spirit, and
(29:30):
you could see that economy not revived just because of oil,
but doing other things. And you have a success in Venezuela.
You've got a new president of Chile to get that
country back on track. Hopefully Malay gets it right with
the currency. In Argentina. You have those three countries booming.
By golly, that changes everything, not just in Latin America,
(29:50):
but as a model for other countries around the world.
Speaker 1 (29:53):
Hey, Steve Forbes, what's your outlook forecast for New Jersey
with another crazy Democrat governor? Oh man, You.
Speaker 2 (30:05):
Know, whenever you talk, whenever you talk to a financial advisor,
the first thing they say to me, they're more polite
than I'm about to be to myself.
Speaker 1 (30:16):
You idiot.
Speaker 2 (30:17):
Why he's saying in the state of New Jersey, that's
one of the most misgoverned states in the Union. And
the sad thing is years ago, Larry Cudlow and I
did a tax program for Christy Whitman when she became governor,
and we helped get through big cuts in the state
income tax rate. And one of the things we learned
back then was New Jersey was once the most prosperous
(30:39):
state in the country, grew faster than the rest of
the country, recovered faster than the rest of the country,
and high taxes and regulation killed what had been a
booming economy, always doing better than the national average. And
that can be brought back again. That's why the pharmaceutical
industry is based in New Jersey and other industries, and.
Speaker 1 (31:00):
The policy wrecked it.
Speaker 2 (31:02):
And that's what is so frustrating as we see real
life examples of before and after. And yet and yet
people continue to talk about the need for re education centers.
Maybe for economics, I don't know, but well, it's sad
because the potential is enormous, but people and capital are
(31:24):
moving elsewhere.
Speaker 1 (31:26):
Well I would laugh at you, but we just elected
Kathy Hokele and Mamdani So I'm who am I to
But yes, Steve Forbes great to talk to you. Everybody
should get his book. His latest book is Inflation. No
better book on the subject inflation. Just go to Amazon
and get Steve Forbes's book, read his columns, watch them
on television. Of course, Forbes one of the great media
(31:48):
companies in America, in the world Steve Forbes, thanks for
being with us.
Speaker 2 (31:53):
Thank you, and keep up your a great fight, especially
now that we've got a communist running the great New
York Venezuela. Throw it gets loss of communist.
Speaker 1 (32:03):
And we gave one. Well. Thanks for reminding us, Steve Forbes,
have a great new year. Thanks for being with us,
you too, Thank you. Mark, take care. Hey, don't forget
Bucking Clay coming up at noon today. They do an
excellent show every day twelve noon. Then you got the
most listened to radio show in America, Sean Hannity three o'clock.
You got Jesse Kelly at six. And if you heard
the new Jimmy Fayala show every night at nine, it
(32:26):
is excellent on seven to ten. Wor Hey, the awards
show for fans is back. You can celebrate right now.
It's the iHeartRadio Music Awards coming back to Fox March
twenty sixth. But this Thursday morning, Oh that's tomorrow morning.
Tomorrow morning at nine am. You'll find out about the
show and how you can vote for your favorite artists.
(32:48):
Don't miss it tomorrow morning at nine. Mark Simone n
Wy at Twitter or x or whatever you want to
call it. Also follow me on Instagram and all of
that stuff coming up. In the next hour. We'll get
to thus ehlliest guy in the world, Tim Waltz. It
w'll also get to this crazy George Conway. He wants
to be our congressman.
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