October 24, 2025 • 41 mins
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Episode Transcript
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Speaker 1 (00:02):
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Speaker 2 (01:02):
We're Josh trying to turn a Backlan do a dime.
That's the bottom line.
Speaker 3 (01:14):
Welcome to real honest talk about money, politics, news and
information you can actually use. Muggle up and hold on tight.
Speaker 4 (01:24):
This is.
Speaker 3 (01:24):
That's the bottom line.
Speaker 5 (01:30):
The best thing the life of me. But you can
give them to the bad and be.
Speaker 6 (01:36):
The morning everybody.
Speaker 7 (01:51):
This is, that's the bottom line. I'm your host. Jeff
Lewis a Asset Growth Associates along with Geen Vallerani. Thanks
for spending part of your week in with us. Our
top line story this week all hell, King Donald of
House Trump, the first of his name.
Speaker 8 (02:11):
Could to be the king.
Speaker 7 (02:13):
That's right, folks. In case you missed it, this year
America threw away two and a half centuries of representative
government in favor of a monarch, a big, ugly orange
one too, just ask Jasmine Crockett. Of course, the Democrats
claim President Trump is overreaching with his presidential authority, but
in reality, it's the Democrats themselves who are ceding authority
(02:37):
to the chief executive because they're who's not showing up
for work. We spent three weeks in the government shutdown,
and for what an opportunity for Democrats to score political points.
It's still absurd. Yet Democrats will decry executive authority, but
the branch of government with the constitutional authority to provide
(02:58):
the check and balance on the executive branch. The United
States Congress can't even function. So which side is throwing
representative government out like tea bags into the Boston Harbor.
It's not the Republicans. It's Democrats who continue to rail
against trivial nonsense like an American monarchy while the real
work of the country goes undone. As Larry Kudlow points out,
(03:22):
if Trump are really a king, want the shutdown be
over already now.
Speaker 9 (03:27):
If Donald Trump were king, we have a continuing resolution.
It would be financing the government right now. So Democrats
seem to have missed that delicious point as well. But
Trump is not king. We are not financing the government.
And in fact, Democrats don't even want to finance the
Great American military, as they're voting against the very same
(03:48):
bill they voted for in committee that would have financed
the military. Instead, they're shutting down the government and holding
it hostage to a one trillion dollars in Obama subsidies,
which here in New York would include families making over
three hundred thousand dollars a year.
Speaker 7 (04:08):
So Democrats aren't really worried about the end of a
constitutional republic that's lasted a quarter of millennium. No, what
they want is single payer healthcare. Bernie Sanders tipped his
hand in his appearance with John Stewart on The Daily
Show this Monday.
Speaker 10 (04:26):
Well, what democrats find themselves in a place is we've
shut down the government to protect subsidies for an insurance
marketplace that funnels eight hundred billion dollars a year into
the pockets of all these insurance companies. Have Democrats box
themselves into a corner fighting for a system that ultimately
(04:50):
to get the thing that you want that I think
the American people want, they're going to have to abandon.
Speaker 11 (04:57):
Yes, Look, here's what we all want.
Speaker 12 (05:00):
No, and I think it's not been made as clear
as it should. If Trump gets away with what he wants,
we are looking at fifteen million people losing the health
insurance and according to studies, drawn fifty thousand low income
and working class people dying every year unnecessarily.
Speaker 10 (05:18):
Based on a lack of accessibility to help.
Speaker 11 (05:20):
Right of your low income, you're working, rush, not many
health you have a chronicle. You die, That's what they're
saying on top of that all over the country.
Speaker 10 (05:27):
Right, you do die anyway, you.
Speaker 11 (05:29):
Die any but you don't have to die. You don't
have to die that way just because you can't get
to a doctor, douty. It's disgusting, right all right. And
then on top of that, because of the cuts of
the aca ARE, you're looking at some twenty plus million
people seeing a doubling of their premiums at a time
when they can't even fort healthcare right now, right all right?
So your point is is this a good system?
Speaker 13 (05:51):
No, it's a good system to defend, to defend today
the capital obviously, obviously, it is a system designed to
make huge profits for the insurance companies.
Speaker 11 (06:02):
And the drug companies. Right period. We have got to
move to a Medicare forital single payer program.
Speaker 7 (06:07):
Absolutely boom there it is. Democrats are shutting down the
government to protect subsidies that go to insurance companies, and
they're doing it as a bridge to get to Medicare
for all, which, of course you don't have to be
a genius to know that will really end up as
Medicare for none. The country can barely afford Medicare for
(06:30):
the people we got on it now much less without
adding tens of millions of people more. But the Democrats
think they can use the American people as leverage to
get what they want, and now they're openly emitting it.
Here is House Minority Whip Catherine Clark justifying the shut down.
Speaker 14 (06:49):
Shutdowns are terrible and of course there will be you know,
families that are going to suffer. We take that responsibility
very seriously, but it is one of the few leverage
times we have.
Speaker 7 (07:06):
Well, at least she owns it. But the mindset of
the Democratic leadership is clisa clear here. They don't think
they'll pay a political price for forcing a shutdown because
it's their voting base that's bearing the brunt of their actions.
Government employees are mostly Democrats, and the party is always
ready to sacrifice on the altar of political opportunism. They
(07:27):
don't really care about their own constituents new because they're
making a cold political calculation that their own voters will
not hold them responsible. And they could be right about that,
at least among their own voters, but the rest of
the country is not amused. While Democrats are betting heavily
that the shutdown will drive down Donald Trump's approval rating
(07:50):
and thereby the odds that the GOP can retain the
House next year. As CNN Harry Inton's explains that is
actually not the way things are playing out.
Speaker 15 (08:01):
You know, we speak about Donald Trump shutdowns net approval rating,
we're talking twenty days into it. In twenty eighteen slash
twenty nineteen, Donald Trump's not approp rating was already falling.
The shutdown was eating and it was popular support. It
was down three points already at this particular point and
would fall considerably more. It was very much on the dcline.
You come over to this side of the screen, this
(08:22):
shutdown hasn't eaten in the Donald Trump support at all.
Speaker 5 (08:25):
Is that approval rating is actually up a.
Speaker 15 (08:28):
Point in terms of in terms of his popular support.
So the bottom line is this the first shutdown during
Trump's first term twenty eighteen twenty nineteen was hurting Donald Trump.
Speaker 4 (08:37):
This one is not hurting him at all.
Speaker 15 (08:39):
There's no real reason Donald Trump might say, at least
when it comes to popular support.
Speaker 11 (08:42):
I want to get out of the shutdown.
Speaker 7 (08:44):
So as it turns out, the shutdown isn't hurting Trump's
approval rating at all. In fact, it's up, And I
would argue that's because the American people see him doing
stuff like trying to end wars in the Middle East
while Congress sits at a standstill. Now, most polls show
that Americans blame the Republicans more for the shutdown than
(09:05):
they do Democrats. Well, what else is new? And you
can think the media for that. But as Inton explains further,
that gap has dramatically closed compared to the past.
Speaker 15 (09:16):
Blame Trump for the shutdown A great deal. In twenty
eighteen slash twenty nineteen, sixty one percent, more than three
and five Americans blame Trump a great deal for that
particular shutdown. You come over to this side of the screen,
look at this. It's a different world. It's a different world.
Forty eight percent of Americans blame Trump a great deal
for this particular shutdown.
Speaker 5 (09:34):
So it's more than three and five.
Speaker 15 (09:36):
Back in twenty eighteen slash twenty nineteen, it's less than
half a drop of thirteen points. Again, it's no real
wonder that Donald Trump, at this point, looking at the shutdown, says,
you know what, it's not actually harming me politically, in
large part because he's getting less of the blame.
Speaker 7 (09:50):
It remains to be seen if Trump's popularity will carry
over into the general elections next year. We'll talk about
those and the upcoming elections when we return where Josh.
Speaker 5 (09:59):
Try turn a neckle into a dime.
Speaker 4 (10:02):
That's the bottom line.
Speaker 1 (10:05):
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Speaker 17 (11:04):
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Speaker 1 (12:07):
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Speaker 5 (13:36):
We're just trying to turn an apple in to what die.
Speaker 18 (13:40):
That's the bottom line.
Speaker 5 (13:57):
Can even.
Speaker 7 (14:11):
We're back with that's the bottom line. I'm Jeff Lewis.
Before the break, we talked about some of the shutdown
implications that are going to be affecting the upcoming elections
that just occur in two weeks. For now, it looks
like there's going to be a stronger turnout for Republicans
than we thought based off some early voting. And but
(14:34):
why does this matter? Because it's really hard to say
that an election in New Jersey or governor's race in
Virginia really matters that much, and in truth, it really doesn't.
As far as trying to determine, you know, the metrics
for next year, all we can get is a sense
of the general election's mood as opposed to something that's
(14:56):
actually gonna be determinate of another race. But to be clear,
there are some indicators that will tell us what we're
looking at next year, and what it seems to be
is that the midtermstraction be much closer than a blowout
that most people would expect in an off your election
or second, you know, the mid term of a presidential election.
So what we want to look at is and see
(15:18):
what's happening with the with the change of the state,
particularly in New Jersey. Because New Jersey was closer than
expected in twenty twenty four, Trump carried it by or
cib Trump lost it by about five points, which is
actually the march and he lost Virginia as well. Virginia
was supposed to be a little bit closer. New Jersey
(15:39):
was not. So we want to look at and see
what's going on and why this matters. Here's Sean Trendy
explaining why this is important.
Speaker 19 (15:49):
It's a year, it's a democratic state in a year
where there's two democratic states, in a year where there's
Republican presidents like those are not supposed to be close races, right,
and if they're close that even if the Democrats pull
them off, if they're under five points, I think it's
a flashing red warning sign.
Speaker 7 (16:07):
Again, these are not supposed to be close races. So
if they are close, what that tells us is Democrats
are not going to run away with the midterms next year.
That's all it tells us. If the Democrats were going
to be running away with the midterms, we would see
a ten to fifteen point race in New Jersey and
somewhere between eight to ten in Virginia. Chances are we're
(16:30):
not seeing that. Let's look at New Jersey first. So
in New Jersey, and this is a heavily state oriented election,
make no mistake, the Democratic governor there is actually highly unpopular.
So it's offsetting some of the tendencies that you know,
a blue state might do in terms of voting impossibly
(16:52):
against the incumbent President Trump. Okay, so there's a counterbalance there,
and what we're seeing is that, as expected, the Democrat
is leading, but not by very much. In fact, some
poles of even showing it a nearly dead heat statistically
anywhere from a one to two point race, and some polls,
in fact, those are generally better polls. The insider Advantage,
(17:15):
for example, as we talked about on the show before,
has a stronger even though it's a quote Republican lean,
it's actually been more accurate in the last five years.
Compare that to some of the other poles like Rutgers
and Farley Dickinson that have the Democrat Cheryl up about
seven to ten points. That said, we think it's going
to be a lot closer than that. Real Clear Politics
(17:37):
average has it at four point one percent coming into
this weekend, So there could be a massive shift towards
the Democrat or Sven towards the Republican. And what we're
looking at is you're starting to see outside interest in
this race. For example, Kelsey Grammar, you'd better know him
as Frasier, cut this ad for the Republican.
Speaker 16 (18:00):
Kelsey Grammar. Here. I grew up in New Jersey. I
love this state. When I was a boy, folks would
stand up for what's right and not wait for someone
else to fix our problems. This last decade or so,
it seems we've lost our way. Taxes keep climbing, crimes
on the rise, Trenton's filled with politicians talking big and
doing nothing. It's time. It's time to lower taxes and
(18:20):
let families breathe again. It's time to protect our girls
and preserve fairness in women's sports. It's time to make
New Jerseys safe again and stop over development that's crowding
every corner of our suburban communities. It's time to get
energy rates under control. Families shouldn't have to choose between
heating their homes and feeding themselves. Finally, it's time to
restore integrity, accountability, and pride in Trenton. Time to believe
(18:43):
again in honest leadership and restore the promise of this state.
Jack Chitarelli will lead with strength, decency, and respect for
all who love New Jersey and call it home. We've
waited long enough. It's time.
Speaker 7 (18:58):
So you can see the top of this es that
the Republicans are trying to make this race about about
bread and butter, issues about protecting girls and keeping boys
out of their locker rooms. That sort of thing common sense. Now,
Democrats still hold the advantage in the Garden State. There's
about two point five million registered voters for them compared
(19:19):
to about one point six million registered Republicans, So Democrats
have about a nine hundred thousand vote edge in the state.
But there's still two point three million unaffiliated voters, and
it's getting those people out that's going to possibly swing
this race. Now the Garden State, New Jersey has been
edging a little bit towards the Republicans, and what we're
(19:42):
seeing in your Virginia is the referse trend. You're seeing
more people come out of Maryland and the DC area,
and a lot of these are federal employees that are
going to be impacted by the shutdown. They're probably going
to turn out for the Democrat because that's their base,
and being motivated to end the shutdown and blame a
(20:02):
Republican is going to turn them out to the polls.
That's why I think you're going to see Spamberger still
the Democrat, still win this race, but I think it's
going to be a little bit narrower because of the
down ballot effect on Jay Jones, who came out and
basically advocated the killing of his opponent's kids. Here's Charlie
(20:23):
Kirk a few months before his assassination talking about this.
Speaker 20 (20:27):
Traditionally, Democrats, when they have a bad election, they can
go back to their roots and say, well, at least
we have the college campuses. At least we have the kids.
At least we have the students. This time they go
back this. Wait a second, our core coalition is falling apart.
You see, Greg, the Democrats. The reason they're in crisis
is that their coalition of workers is gone, of union
members has gone, of black voters is going away, of
(20:47):
Latino voters is going away. And then young people. What
is the Democrat party more? It's people that are permanently
dependent on government welfare and people of the highest income
ladder that are college educated. That's not enough to win
a popular national election or control the House of the Senate.
Speaker 7 (21:01):
The problem with the Democratic brand in every state is
that they're absolutely freaking crazy. And as George Will explains
with Bill Maher on the show on HBO Max, he
actually thinks mcdonne should win in New York.
Speaker 21 (21:15):
The other side, you have the guy running in New York, Mendami, right, Okay,
who's like a straight up communist. I mean he is.
He talks about you know, the things that communists Ay,
I mean he wants free grocery stores, free buses.
Speaker 22 (21:31):
I want him to win.
Speaker 21 (21:32):
You want him to win.
Speaker 22 (21:33):
Yeah, I think every twenty years or so.
Speaker 19 (21:36):
Wait, we need.
Speaker 22 (21:40):
Every twenty years or so. We need a conspicuous, confined
experiment with socialism so we can crack it up again.
Socialist slogan used to be workers of the world, you night,
you have nothing to lose but your change. The new
socialist slogan is trust us. This time it won't be
a mess.
Speaker 5 (22:01):
We're just trying to turn a neickel into a dime.
Speaker 2 (22:04):
That's the bottom line. Where're just trying to turn a
nekel into a dime. That's the bottom line.
Speaker 8 (22:17):
Welcome back you're listening to that's the bottom line. No,
this is Gene Gallerani reporting and I'm want to mention
something to you today. Every day, it seems as if
pro Democrat illegals are continuing to flan fan I should say,
fan the flames of socialism and communism with riots in
(22:40):
the streets in US cities. Many cities including like Los Angeles,
ut in California, New York other places. But just grewing
development is sponsored by those elements within the Democratic Party
only has one goal, and that is to bring down
(23:00):
the United States of America and flip it to socialism
and or communism. To what extreme will this element decide
to bring down our US constitutional government? That's a question.
And then I have to add another question, what if
they succeed? Have you ever wondered what would happen if
such a disaster occurred here in the United States. It
(23:24):
would affect every patriotic American. I remember something one of
my uncles told me decades ago. He was a boy
in Mussolini's Italy when during World War Two, a Nazi
officer who had just burned down his parents' house and
had captured him a German officer ordered the soldier, a
(23:49):
German soldier, to take it behind a barn and execute
him and his cousin. A German soldier instead of executing
him and his cousin fired to the air. Instead of
executing him, he fired several shots in the air, and
then he allowed him and his young cousin to escape.
They were running in snow, barefoot to reach the American lines.
(24:13):
They made it. Then he was able to reach the
United States as a refuge, where he eventually worked as
a carpenter. He led a life that would allow him
to purchase a home, get married. He married my aunt.
He often told me how fortunate I was to live
here in America, which he referred to as the land
(24:34):
of milk and honey. Well, I'll tell you this today
so you too might know the struggles that many had
in becoming Americans. As a boy, I witnessed my dad
come home from fighting in the Pacific, and another uncle
surviving the war in Europe. After high school, I joined
the US Marine Corps myself. But the picture I'm painting
(24:57):
for anyone here who cares appreciate what freedom means, and
especially what it means to those who defend it makes
me sick. Really, it makes me sick to see foreigners
and criminal gangs slowly but surely keep trying to destroy
the USA. Now stop and consider what I'm telling you
(25:20):
this morning. America has had its ups and downs, but
only in America can you be born into poverty and
still make it to the top. Opportunity to succeed is
an American trait. You know that every time I watch
riots on television and see people, many of whom came
(25:42):
here illegally, burning down buildings, setting our flag on fire,
and fighting those brave souls who try to stop them
from committing trime openly, well, it just seems so outrageous
and so even more when I watch it on television.
(26:04):
We enjoy referring to opportunities or calling our country the
land of milk and honey. Yes, it is the land
of opportunity, and all those entering here by sneaking in
cannot and sure not be allowed to continue this invasion,
because that's what it really is. President Trump has slammed
(26:26):
the door on the illegal entry. The whole world can
become America by following legal steps that bring them here.
You know, it just creates less opportunities for for all
Americans as well. At the moment, President Trump is making
America great again, right, That's what he says he's working on.
(26:51):
And the anti American protesters could care less about your future.
And while it is pitiful to watch people being arrested
and sent back to other third world countries, President Trump
said it best when he says, when they come to America,
they have to come here. Legally. In the end, it's
(27:13):
still the same old story. You see the difference and
how people are willing to come here. It would be better,
It would be much better for everyone if foreign workers
work to reform their own countries that invade our country. Now,
(27:34):
I wish I had the answer, ladies and gentlemen. I
understand the arithmetic. I understand better wages, I understand you
know where they pay these guys, these foreign workers less.
That's not right either. So what I the proper answer
is that this whole thing has to be straightened out.
(27:58):
Anybody who wants to come to the United States then
come to the United States, and they have to come
to the United States legally. There's no other question about it,
because if we do it any other way, this everything
then collapses. That I'm afraid that too many people are unaware,
(28:19):
don't pay close enough attention to what that would mean
for most of us winning out. That's the way it is,
and that's the way we have to work, and why
we should be grateful that President Trump is at the
helm and that he's bringing everything under good order. And
that's the right thing to do, because it's the only
(28:44):
thing to do. And we'll all be better off for it,
including people who want to come here if they want
to come here legally. And that truly is the bottom line.
And I'll be back with much more. After we close
this segment, we'll have a solution for your investment tables today.
Don't go away, We'll be right back.
Speaker 5 (29:05):
We're just trying to turn a nekel into a dime.
Speaker 4 (29:09):
That's the bottom line.
Speaker 1 (29:11):
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Speaker 2 (31:08):
We're just trying to turn a nickel into a dime.
That's the bottom line.
Speaker 8 (31:15):
Welcome back, ladies and gentlemen you're listening to. That's the
bottom line. Your weekly radio show on KLBI that tells
it like it is as usual.
Speaker 16 (31:25):
This is Gene.
Speaker 8 (31:26):
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(37:53):
And we've been doing this for decades, ladies and gentlemen,
and we want you to make sure you get in
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We'll be back right after this.
Speaker 2 (38:08):
We're Josh trying to turn a necke in Die. That's
the bottom line. Where's Josh trying to turn a necke
in die?
Speaker 4 (38:19):
That's the bottom line.
Speaker 7 (38:33):
Thank you for listening today, That's the bottom line. All
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that's the bottom line.
Speaker 4 (41:32):
That's the bottom line.
Speaker 3 (41:34):
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Speaker 2 (01:02):
We're Josh trying to turn a Backlan do a dime.
That's the bottom line.
Speaker 3 (01:14):
Welcome to real honest talk about money, politics, news and
information you can actually use. Muggle up and hold on tight.
Speaker 4 (01:24):
This is.
Speaker 3 (01:24):
That's the bottom line.
Speaker 5 (01:30):
The best thing the life of me. But you can
give them to the bad and be.
Speaker 6 (01:36):
The morning everybody.
Speaker 7 (01:51):
This is, that's the bottom line. I'm your host. Jeff
Lewis a Asset Growth Associates along with Geen Vallerani. Thanks
for spending part of your week in with us. Our
top line story this week all hell, King Donald of
House Trump, the first of his name.
Speaker 8 (02:11):
Could to be the king.
Speaker 7 (02:13):
That's right, folks. In case you missed it, this year
America threw away two and a half centuries of representative
government in favor of a monarch, a big, ugly orange
one too, just ask Jasmine Crockett. Of course, the Democrats
claim President Trump is overreaching with his presidential authority, but
in reality, it's the Democrats themselves who are ceding authority
(02:37):
to the chief executive because they're who's not showing up
for work. We spent three weeks in the government shutdown,
and for what an opportunity for Democrats to score political points.
It's still absurd. Yet Democrats will decry executive authority, but
the branch of government with the constitutional authority to provide
(02:58):
the check and balance on the executive branch. The United
States Congress can't even function. So which side is throwing
representative government out like tea bags into the Boston Harbor.
It's not the Republicans. It's Democrats who continue to rail
against trivial nonsense like an American monarchy while the real
work of the country goes undone. As Larry Kudlow points out,
(03:22):
if Trump are really a king, want the shutdown be
over already now.
Speaker 9 (03:27):
If Donald Trump were king, we have a continuing resolution.
It would be financing the government right now. So Democrats
seem to have missed that delicious point as well. But
Trump is not king. We are not financing the government.
And in fact, Democrats don't even want to finance the
Great American military, as they're voting against the very same
(03:48):
bill they voted for in committee that would have financed
the military. Instead, they're shutting down the government and holding
it hostage to a one trillion dollars in Obama subsidies,
which here in New York would include families making over
three hundred thousand dollars a year.
Speaker 7 (04:08):
So Democrats aren't really worried about the end of a
constitutional republic that's lasted a quarter of millennium. No, what
they want is single payer healthcare. Bernie Sanders tipped his
hand in his appearance with John Stewart on The Daily
Show this Monday.
Speaker 10 (04:26):
Well, what democrats find themselves in a place is we've
shut down the government to protect subsidies for an insurance
marketplace that funnels eight hundred billion dollars a year into
the pockets of all these insurance companies. Have Democrats box
themselves into a corner fighting for a system that ultimately
(04:50):
to get the thing that you want that I think
the American people want, they're going to have to abandon.
Speaker 11 (04:57):
Yes, Look, here's what we all want.
Speaker 12 (05:00):
No, and I think it's not been made as clear
as it should. If Trump gets away with what he wants,
we are looking at fifteen million people losing the health
insurance and according to studies, drawn fifty thousand low income
and working class people dying every year unnecessarily.
Speaker 10 (05:18):
Based on a lack of accessibility to help.
Speaker 11 (05:20):
Right of your low income, you're working, rush, not many
health you have a chronicle. You die, That's what they're
saying on top of that all over the country.
Speaker 10 (05:27):
Right, you do die anyway, you.
Speaker 11 (05:29):
Die any but you don't have to die. You don't
have to die that way just because you can't get
to a doctor, douty. It's disgusting, right all right. And
then on top of that, because of the cuts of
the aca ARE, you're looking at some twenty plus million
people seeing a doubling of their premiums at a time
when they can't even fort healthcare right now, right all right?
So your point is is this a good system?
Speaker 13 (05:51):
No, it's a good system to defend, to defend today
the capital obviously, obviously, it is a system designed to
make huge profits for the insurance companies.
Speaker 11 (06:02):
And the drug companies. Right period. We have got to
move to a Medicare forital single payer program.
Speaker 7 (06:07):
Absolutely boom there it is. Democrats are shutting down the
government to protect subsidies that go to insurance companies, and
they're doing it as a bridge to get to Medicare
for all, which, of course you don't have to be
a genius to know that will really end up as
Medicare for none. The country can barely afford Medicare for
(06:30):
the people we got on it now much less without
adding tens of millions of people more. But the Democrats
think they can use the American people as leverage to
get what they want, and now they're openly emitting it.
Here is House Minority Whip Catherine Clark justifying the shut down.
Speaker 14 (06:49):
Shutdowns are terrible and of course there will be you know,
families that are going to suffer. We take that responsibility
very seriously, but it is one of the few leverage
times we have.
Speaker 7 (07:06):
Well, at least she owns it. But the mindset of
the Democratic leadership is clisa clear here. They don't think
they'll pay a political price for forcing a shutdown because
it's their voting base that's bearing the brunt of their actions.
Government employees are mostly Democrats, and the party is always
ready to sacrifice on the altar of political opportunism. They
(07:27):
don't really care about their own constituents new because they're
making a cold political calculation that their own voters will
not hold them responsible. And they could be right about that,
at least among their own voters, but the rest of
the country is not amused. While Democrats are betting heavily
that the shutdown will drive down Donald Trump's approval rating
(07:50):
and thereby the odds that the GOP can retain the
House next year. As CNN Harry Inton's explains that is
actually not the way things are playing out.
Speaker 15 (08:01):
You know, we speak about Donald Trump shutdowns net approval rating,
we're talking twenty days into it. In twenty eighteen slash
twenty nineteen, Donald Trump's not approp rating was already falling.
The shutdown was eating and it was popular support. It
was down three points already at this particular point and
would fall considerably more. It was very much on the dcline.
You come over to this side of the screen, this
(08:22):
shutdown hasn't eaten in the Donald Trump support at all.
Speaker 5 (08:25):
Is that approval rating is actually up a.
Speaker 15 (08:28):
Point in terms of in terms of his popular support.
So the bottom line is this the first shutdown during
Trump's first term twenty eighteen twenty nineteen was hurting Donald Trump.
Speaker 4 (08:37):
This one is not hurting him at all.
Speaker 15 (08:39):
There's no real reason Donald Trump might say, at least
when it comes to popular support.
Speaker 11 (08:42):
I want to get out of the shutdown.
Speaker 7 (08:44):
So as it turns out, the shutdown isn't hurting Trump's
approval rating at all. In fact, it's up, And I
would argue that's because the American people see him doing
stuff like trying to end wars in the Middle East
while Congress sits at a standstill. Now, most polls show
that Americans blame the Republicans more for the shutdown than
(09:05):
they do Democrats. Well, what else is new? And you
can think the media for that. But as Inton explains further,
that gap has dramatically closed compared to the past.
Speaker 15 (09:16):
Blame Trump for the shutdown A great deal. In twenty
eighteen slash twenty nineteen, sixty one percent, more than three
and five Americans blame Trump a great deal for that
particular shutdown. You come over to this side of the screen,
look at this. It's a different world. It's a different world.
Forty eight percent of Americans blame Trump a great deal
for this particular shutdown.
Speaker 5 (09:34):
So it's more than three and five.
Speaker 15 (09:36):
Back in twenty eighteen slash twenty nineteen, it's less than
half a drop of thirteen points. Again, it's no real
wonder that Donald Trump, at this point, looking at the shutdown, says,
you know what, it's not actually harming me politically, in
large part because he's getting less of the blame.
Speaker 7 (09:50):
It remains to be seen if Trump's popularity will carry
over into the general elections next year. We'll talk about
those and the upcoming elections when we return where Josh.
Speaker 5 (09:59):
Try turn a neckle into a dime.
Speaker 4 (10:02):
That's the bottom line.
Speaker 1 (10:05):
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Speaker 16 (10:26):
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Speaker 1 (10:28):
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(10:53):
Past performance is no indication of future results. Asset Growth
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Speaker 17 (11:04):
The stock market doesn't care about your retirement plans. This
is Gene Valeranti of Asset Growth Associates. What is principal protection?
When you're investing in the stock market, you're risking your
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An easy way to remember that is one eight six
(11:47):
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by calling four to oh nine eight four oh sixty
nine hundred or by visiting save my redi ensirement dot com.
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Speaker 1 (12:07):
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is a registered investment advisor in the state of Texas.
Speaker 5 (13:36):
We're just trying to turn an apple in to what die.
Speaker 18 (13:40):
That's the bottom line.
Speaker 5 (13:57):
Can even.
Speaker 7 (14:11):
We're back with that's the bottom line. I'm Jeff Lewis.
Before the break, we talked about some of the shutdown
implications that are going to be affecting the upcoming elections
that just occur in two weeks. For now, it looks
like there's going to be a stronger turnout for Republicans
than we thought based off some early voting. And but
(14:34):
why does this matter? Because it's really hard to say
that an election in New Jersey or governor's race in
Virginia really matters that much, and in truth, it really doesn't.
As far as trying to determine, you know, the metrics
for next year, all we can get is a sense
of the general election's mood as opposed to something that's
(14:56):
actually gonna be determinate of another race. But to be clear,
there are some indicators that will tell us what we're
looking at next year, and what it seems to be
is that the midtermstraction be much closer than a blowout
that most people would expect in an off your election
or second, you know, the mid term of a presidential election.
So what we want to look at is and see
(15:18):
what's happening with the with the change of the state,
particularly in New Jersey. Because New Jersey was closer than
expected in twenty twenty four, Trump carried it by or
cib Trump lost it by about five points, which is
actually the march and he lost Virginia as well. Virginia
was supposed to be a little bit closer. New Jersey
(15:39):
was not. So we want to look at and see
what's going on and why this matters. Here's Sean Trendy
explaining why this is important.
Speaker 19 (15:49):
It's a year, it's a democratic state in a year
where there's two democratic states, in a year where there's
Republican presidents like those are not supposed to be close races, right,
and if they're close that even if the Democrats pull
them off, if they're under five points, I think it's
a flashing red warning sign.
Speaker 7 (16:07):
Again, these are not supposed to be close races. So
if they are close, what that tells us is Democrats
are not going to run away with the midterms next year.
That's all it tells us. If the Democrats were going
to be running away with the midterms, we would see
a ten to fifteen point race in New Jersey and
somewhere between eight to ten in Virginia. Chances are we're
(16:30):
not seeing that. Let's look at New Jersey first. So
in New Jersey, and this is a heavily state oriented election,
make no mistake, the Democratic governor there is actually highly unpopular.
So it's offsetting some of the tendencies that you know,
a blue state might do in terms of voting impossibly
(16:52):
against the incumbent President Trump. Okay, so there's a counterbalance there,
and what we're seeing is that, as expected, the Democrat
is leading, but not by very much. In fact, some
poles of even showing it a nearly dead heat statistically
anywhere from a one to two point race, and some polls,
in fact, those are generally better polls. The insider Advantage,
(17:15):
for example, as we talked about on the show before,
has a stronger even though it's a quote Republican lean,
it's actually been more accurate in the last five years.
Compare that to some of the other poles like Rutgers
and Farley Dickinson that have the Democrat Cheryl up about
seven to ten points. That said, we think it's going
to be a lot closer than that. Real Clear Politics
(17:37):
average has it at four point one percent coming into
this weekend, So there could be a massive shift towards
the Democrat or Sven towards the Republican. And what we're
looking at is you're starting to see outside interest in
this race. For example, Kelsey Grammar, you'd better know him
as Frasier, cut this ad for the Republican.
Speaker 16 (18:00):
Kelsey Grammar. Here. I grew up in New Jersey. I
love this state. When I was a boy, folks would
stand up for what's right and not wait for someone
else to fix our problems. This last decade or so,
it seems we've lost our way. Taxes keep climbing, crimes
on the rise, Trenton's filled with politicians talking big and
doing nothing. It's time. It's time to lower taxes and
(18:20):
let families breathe again. It's time to protect our girls
and preserve fairness in women's sports. It's time to make
New Jerseys safe again and stop over development that's crowding
every corner of our suburban communities. It's time to get
energy rates under control. Families shouldn't have to choose between
heating their homes and feeding themselves. Finally, it's time to
restore integrity, accountability, and pride in Trenton. Time to believe
(18:43):
again in honest leadership and restore the promise of this state.
Jack Chitarelli will lead with strength, decency, and respect for
all who love New Jersey and call it home. We've
waited long enough. It's time.
Speaker 7 (18:58):
So you can see the top of this es that
the Republicans are trying to make this race about about
bread and butter, issues about protecting girls and keeping boys
out of their locker rooms. That sort of thing common sense. Now,
Democrats still hold the advantage in the Garden State. There's
about two point five million registered voters for them compared
(19:19):
to about one point six million registered Republicans, So Democrats
have about a nine hundred thousand vote edge in the state.
But there's still two point three million unaffiliated voters, and
it's getting those people out that's going to possibly swing
this race. Now the Garden State, New Jersey has been
edging a little bit towards the Republicans, and what we're
(19:42):
seeing in your Virginia is the referse trend. You're seeing
more people come out of Maryland and the DC area,
and a lot of these are federal employees that are
going to be impacted by the shutdown. They're probably going
to turn out for the Democrat because that's their base,
and being motivated to end the shutdown and blame a
(20:02):
Republican is going to turn them out to the polls.
That's why I think you're going to see Spamberger still
the Democrat, still win this race, but I think it's
going to be a little bit narrower because of the
down ballot effect on Jay Jones, who came out and
basically advocated the killing of his opponent's kids. Here's Charlie
(20:23):
Kirk a few months before his assassination talking about this.
Speaker 20 (20:27):
Traditionally, Democrats, when they have a bad election, they can
go back to their roots and say, well, at least
we have the college campuses. At least we have the kids.
At least we have the students. This time they go
back this. Wait a second, our core coalition is falling apart.
You see, Greg, the Democrats. The reason they're in crisis
is that their coalition of workers is gone, of union
members has gone, of black voters is going away, of
(20:47):
Latino voters is going away. And then young people. What
is the Democrat party more? It's people that are permanently
dependent on government welfare and people of the highest income
ladder that are college educated. That's not enough to win
a popular national election or control the House of the Senate.
Speaker 7 (21:01):
The problem with the Democratic brand in every state is
that they're absolutely freaking crazy. And as George Will explains
with Bill Maher on the show on HBO Max, he
actually thinks mcdonne should win in New York.
Speaker 21 (21:15):
The other side, you have the guy running in New York, Mendami, right, Okay,
who's like a straight up communist. I mean he is.
He talks about you know, the things that communists Ay,
I mean he wants free grocery stores, free buses.
Speaker 22 (21:31):
I want him to win.
Speaker 21 (21:32):
You want him to win.
Speaker 22 (21:33):
Yeah, I think every twenty years or so.
Speaker 19 (21:36):
Wait, we need.
Speaker 22 (21:40):
Every twenty years or so. We need a conspicuous, confined
experiment with socialism so we can crack it up again.
Socialist slogan used to be workers of the world, you night,
you have nothing to lose but your change. The new
socialist slogan is trust us. This time it won't be
a mess.
Speaker 5 (22:01):
We're just trying to turn a neickel into a dime.
Speaker 2 (22:04):
That's the bottom line. Where're just trying to turn a
nekel into a dime. That's the bottom line.
Speaker 8 (22:17):
Welcome back you're listening to that's the bottom line. No,
this is Gene Gallerani reporting and I'm want to mention
something to you today. Every day, it seems as if
pro Democrat illegals are continuing to flan fan I should say,
fan the flames of socialism and communism with riots in
(22:40):
the streets in US cities. Many cities including like Los Angeles,
ut in California, New York other places. But just grewing
development is sponsored by those elements within the Democratic Party
only has one goal, and that is to bring down
(23:00):
the United States of America and flip it to socialism
and or communism. To what extreme will this element decide
to bring down our US constitutional government? That's a question.
And then I have to add another question, what if
they succeed? Have you ever wondered what would happen if
such a disaster occurred here in the United States. It
(23:24):
would affect every patriotic American. I remember something one of
my uncles told me decades ago. He was a boy
in Mussolini's Italy when during World War Two, a Nazi
officer who had just burned down his parents' house and
had captured him a German officer ordered the soldier, a
(23:49):
German soldier, to take it behind a barn and execute
him and his cousin. A German soldier instead of executing
him and his cousin fired to the air. Instead of
executing him, he fired several shots in the air, and
then he allowed him and his young cousin to escape.
They were running in snow, barefoot to reach the American lines.
(24:13):
They made it. Then he was able to reach the
United States as a refuge, where he eventually worked as
a carpenter. He led a life that would allow him
to purchase a home, get married. He married my aunt.
He often told me how fortunate I was to live
here in America, which he referred to as the land
(24:34):
of milk and honey. Well, I'll tell you this today
so you too might know the struggles that many had
in becoming Americans. As a boy, I witnessed my dad
come home from fighting in the Pacific, and another uncle
surviving the war in Europe. After high school, I joined
the US Marine Corps myself. But the picture I'm painting
(24:57):
for anyone here who cares appreciate what freedom means, and
especially what it means to those who defend it makes
me sick. Really, it makes me sick to see foreigners
and criminal gangs slowly but surely keep trying to destroy
the USA. Now stop and consider what I'm telling you
(25:20):
this morning. America has had its ups and downs, but
only in America can you be born into poverty and
still make it to the top. Opportunity to succeed is
an American trait. You know that every time I watch
riots on television and see people, many of whom came
(25:42):
here illegally, burning down buildings, setting our flag on fire,
and fighting those brave souls who try to stop them
from committing trime openly, well, it just seems so outrageous
and so even more when I watch it on television.
(26:04):
We enjoy referring to opportunities or calling our country the
land of milk and honey. Yes, it is the land
of opportunity, and all those entering here by sneaking in
cannot and sure not be allowed to continue this invasion,
because that's what it really is. President Trump has slammed
(26:26):
the door on the illegal entry. The whole world can
become America by following legal steps that bring them here.
You know, it just creates less opportunities for for all
Americans as well. At the moment, President Trump is making
America great again, right, That's what he says he's working on.
(26:51):
And the anti American protesters could care less about your future.
And while it is pitiful to watch people being arrested
and sent back to other third world countries, President Trump
said it best when he says, when they come to America,
they have to come here. Legally. In the end, it's
(27:13):
still the same old story. You see the difference and
how people are willing to come here. It would be better,
It would be much better for everyone if foreign workers
work to reform their own countries that invade our country. Now,
(27:34):
I wish I had the answer, ladies and gentlemen. I
understand the arithmetic. I understand better wages, I understand you
know where they pay these guys, these foreign workers less.
That's not right either. So what I the proper answer
is that this whole thing has to be straightened out.
(27:58):
Anybody who wants to come to the United States then
come to the United States, and they have to come
to the United States legally. There's no other question about it,
because if we do it any other way, this everything
then collapses. That I'm afraid that too many people are unaware,
(28:19):
don't pay close enough attention to what that would mean
for most of us winning out. That's the way it is,
and that's the way we have to work, and why
we should be grateful that President Trump is at the
helm and that he's bringing everything under good order. And
that's the right thing to do, because it's the only
(28:44):
thing to do. And we'll all be better off for it,
including people who want to come here if they want
to come here legally. And that truly is the bottom line.
And I'll be back with much more. After we close
this segment, we'll have a solution for your investment tables today.
Don't go away, We'll be right back.
Speaker 5 (29:05):
We're just trying to turn a nekel into a dime.
Speaker 4 (29:09):
That's the bottom line.
Speaker 1 (29:11):
Visualize a future where your retirement income is completely tax free.
Most traditional retirement accounts come with a hidden partner, the irs.
But what if you could legally separate yourself from the
future tax sikes and keep more of what you've earned.
At Asset Growth Associates, we've developed the tax Free Future Calculator,
(29:34):
powered by our proprietary Achieving Alpha strategy. This powerful tool
shows you exactly how to transform your retirement savings into
a lifetime of tax free income. Picture more control, more growth,
and more money staying in your pocket, not Uncle Sam's.
You deserve a tax free future? Call four nine eight
(29:54):
four zero sixty nine hundred or visit savemyretirement dot com
to schedule a visit. Discover a tax free future four
h nine eight four zero sixty nine hundred Asset Growth
Associates Wealth Advisors is a registered investment advisor in the
state of Texas.
Speaker 7 (30:16):
Are you tired of watching your investments rise and fall
with the market. What if you could have growth potential
without the risk of losing your hard earn money. This
is Jeff Lewis with Asset Growth Associates. If this sounds interesting,
then you need to ask us about a principal protection plan.
A smart financial solution designed to protect your money in
a down market while capturing market lenked returns while the
(30:39):
market goes up. No market losses, market leaked gains, peace
of mind. Don't leave your future to chance. Call Asset
Growth Associates today at four zero nine eight four zero
sixty nine hundred to learn how to grow and protect
your wealth. Protect what you've built, grow with dominance. Call
(31:00):
now four nine eight four zero sixty nine hundred or
visitors at savemiretirement dot com.
Speaker 2 (31:08):
We're just trying to turn a nickel into a dime.
That's the bottom line.
Speaker 8 (31:15):
Welcome back, ladies and gentlemen you're listening to. That's the
bottom line. Your weekly radio show on KLBI that tells
it like it is as usual.
Speaker 16 (31:25):
This is Gene.
Speaker 8 (31:26):
Valerati reporting well, for the last three decades or so,
you've heard me every Saturday and Sunday morning providing you
with investment solutions. So obviously by now you would be
correct to believe me when you talk about it. And
(31:48):
it must be working well for all of our clients
because they love these plans and they've stayed with us
for decades. Now. There's money to be made with Gary
tees and of course guarantees of no losses. That's important, right.
You can make money, but you don't lose money in
(32:09):
these accounts, and it can also provide our clients with
long term financial security. What's nice about these plans is
that once you deposit money, it earns returns which remain
exempt from every penny it earns. Now what that I
(32:30):
mean by that it remains exempt from taxation from every
penny you earn, and your account keeps every penny it
earns until you begin the process of taking money out. Now,
these plans can earn market link returns and they can
also provide fixed interest compounding. Now there's nothing new or
(32:55):
strange about this. We find our clients are very happy
their returns once issued, and once you can begin taking
a monthly payout, liquidating the full amount or as many
as many choose. Leave the money in the account and
(33:15):
take withdraws when your funds while your funds remain secure
for market losses. These accounts are issued through large financial
institutions that offer many payout systems, monthly income, annual income,
(33:35):
or left for name to beneficiaries. Everyone knows the stock
market both gives and takes away our clients and principal protection.
Simply see the money accumulate and money is not lost
during market downturns. What do you think about that? The
money's there when you need it now, trust me, there's
(33:58):
nothing wrong with that, So listen to me. Please take
the time to contact us at Asset Growth Associates four
O nine eight four O sixty nine hundred. That's our
number in Beaumont, Texas. To live in far away places,
we have a toll free line one eight six six
(34:20):
seven two eight three six nine seven, or drop us
a note online by logging on to save my retirement
dot com. Your funds are in shored and available for
use when you want to take a withdrawal. As you've
heard me say for a long time now these so
(34:44):
we're in the business of growing and protecting a nest egg.
So now's the time to call us at Asset Growth Associates.
Allow us to share some ideas with you that have
helped thousands of our clients and the past decades that
Asset Growth Associates we've been helping our clients build nest
(35:06):
eggs for over fifty years now. As we've all heard
over time, the journey of a thousand miles begins with
the first step. Right, got to take that first step.
Take the first step this week by opening an account
that will provide financial growth and security for you and
(35:30):
your family's future. Why not take the first step to
securing a solid financial security. Benjamin Franklin once said a
penny earned as a penny saved. He was right when
he said it, and he's still right centuries later. I
assure you there's nothing as encouraging as seeing your nest
(35:54):
egg grow. Now to learn more about these plans, make
sure you take the time to plan you and your
family's future. You can do it here at Asset Growth Associates.
Or your money is both in short and does not
shrink when the stock market is in decline. I'm proud
(36:18):
to say We've been helping our clients build nest eggs
for decades now, and with the Good Lord's help, we're
going to continue doing so for the future ahead. So
drop this number down, do it again. Four O nine
eight four oh sixty nine hundred four O nine eight
(36:41):
four oh sixty nine hundred, and you call us or
sit down review of any present plan that you may
now have, or if you're wanting to start a plan,
call us children, grandchildren's education funds, retirement planning, and the
list goes on. It's as simple as making a phone
(37:04):
call four to oh nine eight or of sixty nine
one hundred long distance scholars one age six six seven
to eight three six nine seven for just now one
eight sixty six save my retirement. That works too, After
all has been said time and time again. You know
(37:29):
as well as I do, that the future is now,
because the decisions that we make today are the decisions
that will guide our future lives when it comes of
setting money as tide, and that's really the bottom line.
(37:53):
And we've been doing this for decades, ladies and gentlemen,
and we want you to make sure you get in
touch with us so we can help you save your retirement.
We'll be back right after this.
Speaker 2 (38:08):
We're Josh trying to turn a necke in Die. That's
the bottom line. Where's Josh trying to turn a necke
in die?
Speaker 4 (38:19):
That's the bottom line.
Speaker 7 (38:33):
Thank you for listening today, That's the bottom line. All
of our podcasts are available on demand online at savemiretirement
dot com, or just go to your iHeartRadio app and
search for it. That's the bottom line under the podcast tab,
and be sure to add us the favorites. Our show's
Facebook page is Jeff Lewis. That's the bottom line. Search
(38:55):
for its name and show, and follow us for all
of the latest updates. Our laddress in Beaumont is at
thirteen ninety one Calder Avenue, a block from the intersection
of MLK and Calder So. It's Medicare season, and if
you're not sure what's going on with your Medicare coverage,
we can help you understand how your current policy works
better Yet, if you're turning sixty five soon or getting
(39:18):
ready to come off of group coverage, we can help
you not screw it up. To begin with the schedule
and appointment with US CARR Office toll free at eight
sixty six save my retirement. Would you like to avoid
paying taxes on your retirement income, then maybe it's time
to get rothicized. By converting your traditional ira into a
(39:39):
roth iray, either all at once or over time, you
can pay taxes now instead of later. It makes more
sense to pay tax on the seed rather than the crop.
Rath Irays let you harvest your money tax free after
it's grown over the years. Schedule appointment with us the
see if a conversion makes sense for you. And speaking
(40:00):
of retirement income, come talk with us about our covered
call ETF strategy. These exchange traded funds based on our
values off of underlying equity positions and big time companies
like Netflix and Amazon, or even full sectors like AI
in tech. And even though these companies don't pay much
in the way of dividends themselves, these funds do on
(40:22):
a weekly basis, generating dependable income. You never want to
give up capital if you don't have to, so why
not let your money work for you. Our proprietary Achieving
Alpha portfolio builder can customize a plan based off of
your income needs, whether it's for your overall budget or
even to protect against rising medical costs. Now, if you
(40:44):
are close to retirement and are more interested in keeping
your money safe. You're probably a good candidate for a
principal protection strategy where you can get market linked rates
of return with zero risk to your principle. We generally
recommend these as at least a portion of a diversified portfolio.
This is why people more than ever are choosing Asset
Growth Associates as their new home for their money. We've
(41:06):
got the experience and name you can trust. We know
how to handle your money consistently, safely, and always with
your best interests in mind. I'm Jeff Lewis for Gene
Valerani and everyone here at Asset Growth Associates. Remember that
you are greatly blessed and highly favored because, as always,
that's the bottom line.
Speaker 4 (41:32):
That's the bottom line.
Speaker 3 (41:34):
You can reach Asset Growth Associates by calling one eight
six six seven to eight thirty six ninety seven are
by visiting savemyretirement dot com.
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