October 23, 2025 • 8 mins
Health insurance premiums are at risk of rising if a solution isn't resolved in the government shutdown. The stock market is at an all-time high.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Get his book, The Trump Economic Miracle. You love it,
of course, read all his columns. And he runs the
Committee to Unleash Prosperity and every day they put out
the best daily briefing, news and analysis, so called the Hotline.
You can sign up where it. It's free. It'll come
right to your email. A lot of people read this.
Go to Unleash Prosperity dot com. Steve Moore, how you doing.
Speaker 2 (00:22):
Hey, Mark, You're doing well. Thanks for having me. Tumultuous week.
The government is still shut down. It's unbelievable. I thought
this would last a couple of days. It's been several
weeks now it's causing more and more disruption. I don't
know if you've been traveling at all, but there's a
you know, a lot of delays at the airports and
so on. So we got to get this thing settled.
But Republicans cannot cave in here. I mean, we're trying
(00:43):
to slice just a little bit of the cost of
our government, and the Democrats won't even allow it. Two
cents saving out of every dollar that we're spending, two
cents out of every dollar. It's unbelievable.
Speaker 1 (00:53):
So if you listen to Chuck Schumer, it's healthcare premiums.
Everybody's going to die every What is the truth about
this fight with the health here?
Speaker 2 (01:00):
Well, I think the real villain here. I mean, this
is a teachable lesson for all of us that remember
it was fifteen years ago that we passed Obamacare. In fact,
I was just looking on Talx News and they were
saving up. They showed a you know, a clip of
Obama signing the Obamacare law. Do you remember, Mark, what
(01:20):
the name of the Obamacare.
Speaker 1 (01:22):
Law was, the Affordable Care Act.
Speaker 2 (01:26):
I mean, how ironic is I mean, all that's happened
since we passed the quote Affordable Care actors that healthcare
gets more and more and more expensive. Report the other
day that the average family is now paying thirty thousand
dollars a year what on health insurance because it's just
so expensive now and so and by the way, some
(01:46):
of that is employee paid by their employers, but it's
it's a giant it's a giant tax on the American economy.
By the way, the insurance companies are one of the
villains here. They're in on this. They're all for expanding
Obamacare subsidies because the money goes right into their pockets.
But what they're basically saying is we want to make
sure that people were not even eligible for Medicare and
(02:08):
medicaid the get the benefits because you know, we're so
we're so rich with cash in Washington, we can be
passing around free money. It's really it's really quite outrageous.
And we if we if the Republicans came in here,
we might as well just say, okay, we're going to
run two trillion dollar deforts from now until forever.
Speaker 1 (02:24):
Yeah, let me makes you something. You know, they announced
the tariffs. Everybody says that's going to crash the whole market.
They announced shutdown. It's going to crash the whole market.
Russian sanctions is going to crash the whole market. Market
is fine, it's setting new records all the time.
Speaker 2 (02:36):
Why is that? This is that it is unbelievable. By
the way, just give you some context here. You know
the forty let's see, it was about forty five years
ago that Ronald Reagan was elected president. Do you know
what the Dow Jones industrial average was back then? There?
Six thousand, not even close, my friends, it was one down.
(03:00):
What the think about that? It was one thousands. To
look it up, the Dow is at one thousand. Now
here we are forty five years later after the Reagan
Revolution and the Trump Revolution, and it is at forty
forty six thousand last time I checked. So we've seen
the biggest period of wealth creation in the history of
civilization here. It's an incredible success story of the American economy.
(03:22):
And we need to get more and more Americans invested
in the market because that's how you make Maybe you
make money is you save and you invest. But now
we're in a situation, as you said, remember Paul Krugman,
all these people when when a Trump was elected both
in twenty sixteen and twenty twenty four, Oh my god,
Armageddon's coming. We're all going to die. The stock market's
(03:43):
going to crash. It's going to be another you know,
another nineteen twenty nine crash. Gee, where is it then?
Because you're right, the market, the stock market, the Dow, Jones,
the Nasdaq, the S and P five hundred, and the
Russell two thousand are at all time high. Thank you
Donald Trump.
Speaker 1 (04:02):
Wow. So these Wall Street guys, I guess they know
what they're doing. So that indicate that it's a very
very stable economy no matter what sanctions or whatever happens.
I start say that ema the fact that the stock
market is holding it, it just means that it's a
very rock solid, steady economy underneath everything.
Speaker 2 (04:21):
Well it is. I mean, look, the stock market is
very valatile, you know, and it could crash by two
thousand points from how you never know. But so I
don't want to get too carried away at the market.
But there is a lot of confidence in the American
economy right now. And I think that is a result
of the fact that all of this investment capital is
coming into the country because of Trump. You know, Trump
isn't attracting hundreds and hundreds of billions. He says trillions.
(04:43):
I don't know if it's trillions, but it's yeah, And
you know that's a lot of money. And if you
think all that money is coming into the American economy,
then of course, what do you want to do. You
want to get in front of that, You want to
invest before that, right, yeah, And so you know that
that's what need to do is be confident in the
American economy. Look, I think we need a new FED chairman.
(05:05):
You and I have talked about this because we've got
a guy who doesn't know what he's doing in Jero
and Powell. But how about this? Why is it that
Larry Kudlow? Isn't it? No?
Speaker 1 (05:14):
We need about that because.
Speaker 2 (05:16):
Then we lose this show. Yeah, yeah, with you and
I are regulars on them. By the way, Mark, you
always do a great job on that show. I always
enjoy watching you. And what are you on this week?
Speaker 3 (05:26):
By the way, you Actually I was just on yesterday,
wasn't it. Yeah, yesterday, you got yesterday? Okay, this is yesterday.
But anyway, so what about Laugher? What about Steve Forbes?
What about somebody who actually knows something about the economy
and knows how to make because you know, we've had
such a volatile Why did we have twenty three percent
increase in prices under Biden? Well, partly because we spent
so much money, Partly because we have a FED chairman
(05:46):
who knows not he doesn't know what he's doing.
Speaker 1 (05:48):
Yeah, absolutely, Hey, the other thing that causes a great economy.
We're doing very well as far as energy. We're improving
on our energy.
Speaker 2 (05:57):
Oh my god, what a success story this is. I
mean our energy we are I was just listening to
Chris Wright, who was a good friend of mine. By
the way, he's the new Energy Secretary and doing a
fantastic shop, and he was making this point that we
made in the Hotline last week that the United States
is now producing more oil, gas and coal than any
(06:17):
other time in American history. So we're becoming an energy
powerhouse again. The problem is, Mark, if I may, you
and I are both old enough, remember the seventies and
eighties when OPEK had had the blade at our neck
and they could they could throw the American economy into
recession by you know, increasing or decreasing the amount of
oil they were producing. So we were completely hostage to
(06:41):
the Arab nations and to you know, the OPEC countries,
many of which are not very favorable in the United States. Well,
we how did we get out of that crisis? We started?
You know, we had the shale oil revolution, which made
America the number one produced oil and we broke the
back of the cartel. Now why do I say that,
because now we have a situation with minerals, precious minerals,
(07:02):
the critical minerals we need for our national defense, for
our advanced manufacturing, for our microchips, and guess where we're
getting the minerals from?
Speaker 1 (07:10):
Where?
Speaker 2 (07:12):
China? How crazy is that we have twelve trillion dollars
of mineral resources right below our feet in the mountains
of West Virginia and the mountains of the Dakotas and
then Utah and Colorado. We have to be returning to
a mining powerhouse, just as we were for the you know,
(07:36):
for the first one hundred and fifty years of our country.
So we we should be mined. Just as Trump says, drill,
baby drill, I say, mine, baby mine.
Speaker 1 (07:45):
I don't know that sounds like too much common sense right,
exactly pretty, but it's.
Speaker 2 (07:50):
Some place to do it. And we got a great
Interior secretary in Doug Bergham. I love the guy. Why
would we want? You know, by the way, there's two countries,
I missfolk. There's two countries where we get our minerals.
Some now China, you know what. The other one is India? Russia? Russia.
Speaker 1 (08:05):
Oh even worse, seeve those are.
Speaker 2 (08:06):
Two friendly countries in the United States. How stupid is that?
Speaker 1 (08:10):
Well?
Speaker 2 (08:10):
I think sometimes I take people in Washington take stupid
pills every morning. You know what, We want them to
be dependent on us. We don't want to be dependent
on them.
Speaker 1 (08:19):
Well, Steve Moore, a lot of wisdom, a lot of
common sense. Hey, everybody, subscribe to his common sense, right,
it's a lot. Subscribe to the hotline. It is the
best daily briefing and analysis. Go to Unleash Prosperity dot com.
It's free. Just sign up for it, and of course
read Steve Moore's book, The Trump Economic Miracle. Watch them
all over television. Steve Moore, thanks for being with us.
Speaker 2 (08:41):
Okay, males, have a great weekend.
Speaker 1 (08:42):
Talk to you, Sam, right, take care, hey, and don't
forget Buck and Clay. They do a very good show.
It's every day right here at noon, right after this show,
right if the noon News on seven to ten wo
R
Get his book, The Trump Economic Miracle. You love it,
of course, read all his columns. And he runs the
Committee to Unleash Prosperity and every day they put out
the best daily briefing, news and analysis, so called the Hotline.
You can sign up where it. It's free. It'll come
right to your email. A lot of people read this.
Go to Unleash Prosperity dot com. Steve Moore, how you doing.
Speaker 2 (00:22):
Hey, Mark, You're doing well. Thanks for having me. Tumultuous week.
The government is still shut down. It's unbelievable. I thought
this would last a couple of days. It's been several
weeks now it's causing more and more disruption. I don't
know if you've been traveling at all, but there's a
you know, a lot of delays at the airports and
so on. So we got to get this thing settled.
But Republicans cannot cave in here. I mean, we're trying
(00:43):
to slice just a little bit of the cost of
our government, and the Democrats won't even allow it. Two
cents saving out of every dollar that we're spending, two
cents out of every dollar. It's unbelievable.
Speaker 1 (00:53):
So if you listen to Chuck Schumer, it's healthcare premiums.
Everybody's going to die every What is the truth about
this fight with the health here?
Speaker 2 (01:00):
Well, I think the real villain here. I mean, this
is a teachable lesson for all of us that remember
it was fifteen years ago that we passed Obamacare. In fact,
I was just looking on Talx News and they were
saving up. They showed a you know, a clip of
Obama signing the Obamacare law. Do you remember, Mark, what
(01:20):
the name of the Obamacare.
Speaker 1 (01:22):
Law was, the Affordable Care Act.
Speaker 2 (01:26):
I mean, how ironic is I mean, all that's happened
since we passed the quote Affordable Care actors that healthcare
gets more and more and more expensive. Report the other
day that the average family is now paying thirty thousand
dollars a year what on health insurance because it's just
so expensive now and so and by the way, some
(01:46):
of that is employee paid by their employers, but it's
it's a giant it's a giant tax on the American economy.
By the way, the insurance companies are one of the
villains here. They're in on this. They're all for expanding
Obamacare subsidies because the money goes right into their pockets.
But what they're basically saying is we want to make
sure that people were not even eligible for Medicare and
(02:08):
medicaid the get the benefits because you know, we're so
we're so rich with cash in Washington, we can be
passing around free money. It's really it's really quite outrageous.
And we if we if the Republicans came in here,
we might as well just say, okay, we're going to
run two trillion dollar deforts from now until forever.
Speaker 1 (02:24):
Yeah, let me makes you something. You know, they announced
the tariffs. Everybody says that's going to crash the whole market.
They announced shutdown. It's going to crash the whole market.
Russian sanctions is going to crash the whole market. Market
is fine, it's setting new records all the time.
Speaker 2 (02:36):
Why is that? This is that it is unbelievable. By
the way, just give you some context here. You know
the forty let's see, it was about forty five years
ago that Ronald Reagan was elected president. Do you know
what the Dow Jones industrial average was back then? There?
Six thousand, not even close, my friends, it was one down.
(03:00):
What the think about that? It was one thousands. To
look it up, the Dow is at one thousand. Now
here we are forty five years later after the Reagan
Revolution and the Trump Revolution, and it is at forty
forty six thousand last time I checked. So we've seen
the biggest period of wealth creation in the history of
civilization here. It's an incredible success story of the American economy.
(03:22):
And we need to get more and more Americans invested
in the market because that's how you make Maybe you
make money is you save and you invest. But now
we're in a situation, as you said, remember Paul Krugman,
all these people when when a Trump was elected both
in twenty sixteen and twenty twenty four, Oh my god,
Armageddon's coming. We're all going to die. The stock market's
(03:43):
going to crash. It's going to be another you know,
another nineteen twenty nine crash. Gee, where is it then?
Because you're right, the market, the stock market, the Dow, Jones,
the Nasdaq, the S and P five hundred, and the
Russell two thousand are at all time high. Thank you
Donald Trump.
Speaker 1 (04:02):
Wow. So these Wall Street guys, I guess they know
what they're doing. So that indicate that it's a very
very stable economy no matter what sanctions or whatever happens.
I start say that ema the fact that the stock
market is holding it, it just means that it's a
very rock solid, steady economy underneath everything.
Speaker 2 (04:21):
Well it is. I mean, look, the stock market is
very valatile, you know, and it could crash by two
thousand points from how you never know. But so I
don't want to get too carried away at the market.
But there is a lot of confidence in the American
economy right now. And I think that is a result
of the fact that all of this investment capital is
coming into the country because of Trump. You know, Trump
isn't attracting hundreds and hundreds of billions. He says trillions.
(04:43):
I don't know if it's trillions, but it's yeah, And
you know that's a lot of money. And if you
think all that money is coming into the American economy,
then of course, what do you want to do. You
want to get in front of that, You want to
invest before that, right, yeah, And so you know that
that's what need to do is be confident in the
American economy. Look, I think we need a new FED chairman.
(05:05):
You and I have talked about this because we've got
a guy who doesn't know what he's doing in Jero
and Powell. But how about this? Why is it that
Larry Kudlow? Isn't it? No?
Speaker 1 (05:14):
We need about that because.
Speaker 2 (05:16):
Then we lose this show. Yeah, yeah, with you and
I are regulars on them. By the way, Mark, you
always do a great job on that show. I always
enjoy watching you. And what are you on this week?
Speaker 3 (05:26):
By the way, you Actually I was just on yesterday,
wasn't it. Yeah, yesterday, you got yesterday? Okay, this is yesterday.
But anyway, so what about Laugher? What about Steve Forbes?
What about somebody who actually knows something about the economy
and knows how to make because you know, we've had
such a volatile Why did we have twenty three percent
increase in prices under Biden? Well, partly because we spent
so much money, Partly because we have a FED chairman
(05:46):
who knows not he doesn't know what he's doing.
Speaker 1 (05:48):
Yeah, absolutely, Hey, the other thing that causes a great economy.
We're doing very well as far as energy. We're improving
on our energy.
Speaker 2 (05:57):
Oh my god, what a success story this is. I
mean our energy we are I was just listening to
Chris Wright, who was a good friend of mine. By
the way, he's the new Energy Secretary and doing a
fantastic shop, and he was making this point that we
made in the Hotline last week that the United States
is now producing more oil, gas and coal than any
(06:17):
other time in American history. So we're becoming an energy
powerhouse again. The problem is, Mark, if I may, you
and I are both old enough, remember the seventies and
eighties when OPEK had had the blade at our neck
and they could they could throw the American economy into
recession by you know, increasing or decreasing the amount of
oil they were producing. So we were completely hostage to
(06:41):
the Arab nations and to you know, the OPEC countries,
many of which are not very favorable in the United States. Well,
we how did we get out of that crisis? We started?
You know, we had the shale oil revolution, which made
America the number one produced oil and we broke the
back of the cartel. Now why do I say that,
because now we have a situation with minerals, precious minerals,
(07:02):
the critical minerals we need for our national defense, for
our advanced manufacturing, for our microchips, and guess where we're
getting the minerals from?
Speaker 1 (07:10):
Where?
Speaker 2 (07:12):
China? How crazy is that we have twelve trillion dollars
of mineral resources right below our feet in the mountains
of West Virginia and the mountains of the Dakotas and
then Utah and Colorado. We have to be returning to
a mining powerhouse, just as we were for the you know,
(07:36):
for the first one hundred and fifty years of our country.
So we we should be mined. Just as Trump says, drill,
baby drill, I say, mine, baby mine.
Speaker 1 (07:45):
I don't know that sounds like too much common sense right,
exactly pretty, but it's.
Speaker 2 (07:50):
Some place to do it. And we got a great
Interior secretary in Doug Bergham. I love the guy. Why
would we want? You know, by the way, there's two countries,
I missfolk. There's two countries where we get our minerals.
Some now China, you know what. The other one is India? Russia? Russia.
Speaker 1 (08:05):
Oh even worse, seeve those are.
Speaker 2 (08:06):
Two friendly countries in the United States. How stupid is that?
Speaker 1 (08:10):
Well?
Speaker 2 (08:10):
I think sometimes I take people in Washington take stupid
pills every morning. You know what, We want them to
be dependent on us. We don't want to be dependent
on them.
Speaker 1 (08:19):
Well, Steve Moore, a lot of wisdom, a lot of
common sense. Hey, everybody, subscribe to his common sense, right,
it's a lot. Subscribe to the hotline. It is the
best daily briefing and analysis. Go to Unleash Prosperity dot com.
It's free. Just sign up for it, and of course
read Steve Moore's book, The Trump Economic Miracle. Watch them
all over television. Steve Moore, thanks for being with us.
Speaker 2 (08:41):
Okay, males, have a great weekend.
Speaker 1 (08:42):
Talk to you, Sam, right, take care, hey, and don't
forget Buck and Clay. They do a very good show.
It's every day right here at noon, right after this show,
right if the noon News on seven to ten wo
R
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