November 13, 2025 • 42 mins
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Speaker 1 (00:04):
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Speaker 2 (01:05):
We're just trying to turn anchel into a dime. That's
the bottom line.
Speaker 3 (01:17):
Welcome to real, honest talk about money, politics, news and
information you can actually use.
Speaker 4 (01:24):
Buckle up and hold on tight.
Speaker 5 (01:26):
This is that's the bottom line. The best thing they
live up.
Speaker 6 (01:36):
But you can give them to the bath and be the.
Speaker 7 (01:46):
That's good morning, everybody, this is that's the bottom line.
I'm your host, Jeff Lewis oft Assek Where Associates, along
with Jeane Vallerani. Thanks for spending part of your weekend
with us. Our top line story. The Senate has finally
(02:07):
voted to end the Democratic shutdown, and the party base
is not happy. Let's just start with John Stewart. Democrats,
you sold.
Speaker 8 (02:17):
Out the entire shutdown not to get what you wanted,
but for a promise to not get what.
Speaker 7 (02:25):
You wanted later.
Speaker 9 (02:28):
Where in the art of war?
Speaker 10 (02:32):
Where?
Speaker 5 (02:33):
Hold on? Where? Where in the sun?
Speaker 4 (02:37):
Sue said?
Speaker 5 (02:39):
Never press your advantage. It's unseemly. Fighting's hard. How about
a snack?
Speaker 1 (03:00):
And by the way, what good does a promise of
a Senate vote even.
Speaker 11 (03:05):
Do for you?
Speaker 5 (03:06):
Democrats?
Speaker 7 (03:07):
You don't control.
Speaker 5 (03:12):
Do you even know how?
Speaker 11 (03:16):
Well?
Speaker 7 (03:16):
Apparently Democrats knew how the Senate works well enough to
shut it down thanks to the filibuster rules. But in
the end, even arcane Senate procedures weren't enough of a
stumbling block to keep a few Democrats for defying their
own party in doing the right thing. Instrumental in this
process was Senator John Fetterman of Pennsylvania, who had this
(03:37):
to say about his vote and about his party's lack
of leadership.
Speaker 9 (03:42):
I mean so so relieved. I mean, I think my
party crossed a line of now putting forty two American
the should be forty two million Americans with their snap benefits,
and making flying less safe and that kinds of chaos
(04:02):
and not paying our military. I mean that that was
a red line for me that I can't cross as
a Democrat. And I think that's been described country over
the party and now that I think that's been the
truth throughout it, and it's only wrong to shut our
government down. And I'm relieved. But the people now that
are going to get paid and fed and millions, millions
(04:24):
of America and they're going to be flying now that's
going to be made more safe and restored.
Speaker 12 (04:28):
The Democratic Party in the Senate, in the.
Speaker 9 (04:32):
House, I no one, no one really knows. And I
think my values are reflected in my vote and the
things that I support here, and if that might put
me at odds with parts of my party, I'm okay
with that.
Speaker 7 (04:51):
Well up till now, Chuck Schumer was running things for
Democrats in the Senate, but that may be changing. Here's
Bernie Sanders.
Speaker 8 (05:00):
Support medicare for all? Do you support an end to
citizens you united? Do you support having a wealth tax
on billionaires? Look what you got right now? Chuck Schumer
is part of the establishment, and I'm sorry to say
that many people in the Democratic Caucus a part of it.
I would say we have eight or nine out of
forty seven people who I would consider to be progressives.
(05:23):
So you can argue, and I can make the case
that Chuck Schumer has done a lot of bad things,
but I think getting rid of him, who's going to
replace him? Who is going to replace them? The issue
right now is doing primaries, getting people involved in the
political process. We're going to create a government and an
economy that works for everybody with the guts that take
on the aligous. So I think we need to take
(05:45):
on the Democrat establishment all over this country.
Speaker 7 (05:50):
Right because Bernie Sanders is neither a billionaire nor the
establishment right belase, it's just a different kind of establishment now,
that progressive establishment that's fighting for outright control of the party,
and they're winning Progressives wanted to shut down the government,
and Congressman Roe Conna of California tells us here how
(06:12):
much Blaine they put on Schumer for ending it?
Speaker 1 (06:15):
Most of it.
Speaker 13 (06:16):
I mean, he's the leader of the Senate. This deal
would never have happened if he had not blessed it.
Don't take my word for it, take the word of
other Senators were saying that they kept Senator Schumer in
the loop the whole time. Look, I've worked with Senator Schumer.
He did an incredible job on the CHIP SAG, on
(06:36):
the IRA on infrastructure. But it's time for him to
be replaced.
Speaker 10 (06:41):
He is not meeting the moment.
Speaker 13 (06:43):
He's out of touch with where the party's base is.
Speaker 7 (06:46):
So is it all over for Chuck Schumer? Trump wide
in himself with Laura ingram So.
Speaker 11 (06:52):
Knives are out.
Speaker 13 (06:53):
It looks like for Chuck Schumer, rokannas already calling for.
Speaker 7 (06:56):
Him to be replaced. What message do you have for
Schumer tonight?
Speaker 1 (07:01):
Well, I think he made a mistake in going too far.
Speaker 10 (07:04):
He going too far.
Speaker 11 (07:07):
Well, it just went too far.
Speaker 4 (07:08):
He thought he could break the Republicans, and the Republicans
broke him.
Speaker 7 (07:14):
Ro Kanna calling out Schumer is a definite shot across
the bow at the current Democratic leadership. Here's Carl Cannon
firing in with his tape.
Speaker 10 (07:23):
I've never heard a House member of that of a
party calling on the Senate majority leader or Senate Minority
leader of his own party a step aside. That's a
new one on me.
Speaker 14 (07:32):
But these, you know, these progressors, these young progressors, are
feeling their oats. They think, they think they've got the
passion and the energy in the within the Democratic Party.
There's some evidence that they're right. But you know, you
notice what they never say, and it's not just the
young progressors, Bernie Sanders, Yesterdy. They never say what their
endgame was here. So Schumer has capitulated. So we've given
(07:55):
in to Trump. So this is terrible.
Speaker 10 (07:57):
We have to fight Trump is and they use all
these vague phrases, But what was what was their idea
of how long Americans should go without food stamps because
of the Democrats filibuster, how long federal workers should not
be paid, how long the air traffic control system should
be rendered overstressed to the point of dangerous in the
(08:20):
danger in the skies, how long the United States military
would be compromised because paychecks and funds weren't going out.
They never say were they willing to do it indefinitely
because they don't like Trump.
Speaker 14 (08:32):
I think it's an incoherent and fundamentally irresponsible way to govern.
Speaker 7 (08:38):
I'll conclude our shutdown analysis with this app summary from
Fox's Brit Hume.
Speaker 3 (08:44):
Well, this was this whole shutdown was a fool's air.
And from the start, this strategy has been tried a
number of times before, where you try to use the
government shutdown and the pressure to get the government reopened
as a lever to get something done. You couldn't You
couldn't get done by the normal process because you have
the votes. It has never worked, it was never going
to work. And you know the Democrats, Yes, there was
(09:07):
some polling that indicated that the Democrats were less were
getting less of the blame than the Republicans. But remember this,
key elements in the Democratic Party, American Associated, the American Federation,
and government employees, the Teams's Union, the Airline Workers Union,
the pilots Union and all they were all urging that
the Republicans measure, the temporary measure be passed. And of course,
(09:33):
as the air traffic situation began to get worse and
the deprivation of snap benefits set in. It became absolutely untenable, which,
when you think about it, it really was.
Speaker 7 (09:45):
This whole thing has been one big Democratic gamut from
the start and it failed. But what's going to be
the economic impact of all this? That could pose real
problems for the Republicans Next year when we come back,
we'll discuss that and more. Stay witness.
Speaker 5 (10:02):
We're just trying to turn a neckele into a dime.
That's the bottom line.
Speaker 1 (10:08):
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Speaker 5 (13:41):
We're just trying to turn ankolent to what time.
Speaker 6 (13:45):
That's the bottom line.
Speaker 7 (14:16):
We're back, but that's the bottom line. I'm Jeff Lewis,
so what the government shut down now behind us? The
question that looms large is what will be the economic
impact of all this. Trump was brought back to the
White House in large part because Americans were dissatisfied with
the Biden administration's ineptitude on economic matters, particularly with rates
(14:37):
of inflation triple of that we see currently. But as
r CPS Tom Bevin explains here, at some point it's
your economy.
Speaker 5 (14:45):
Now.
Speaker 12 (14:45):
You only get so long and then you own it.
And so Trump is now almost a year into his
second term and he basically owns the economy. And I
think that's so again just saying things are going to
get better and by the time you know, voters go
to the polls in November twenty six, Republicans will be
in good shape. That's what Mike Johnson told us last week.
(15:08):
It's not a strategy, it's a hopefulness that you know,
may or may not be born out.
Speaker 7 (15:16):
That's pretty blunt criticism from a right of center analysts.
And Tom Bevan is right. Hope only lasts for so
long and then people expect results. The difficult part for
Republicans is that. So much of their agenda, which is
now law thanks to the One Big Beautiful Bill, has
to do with taxation, so naturally we won't see the
impact of that until tax time next year, when seniors
(15:38):
start getting refund checks for their six thousand dollars per
person tax credit, or at least pay less tax than
they're used to as a result. The other cornerstone of
Trump's economic policy has been centered on international trade and
bringing production back to the United States. Again, that's a
long term game, and hence why Republicans are kind of
(16:00):
caught in a political trap of their own making. Policies
that are really good for the country may take time
to see the results, and we Americans expect instant gratification.
That's what's behind Trump's proposal for a two thousand dollars
so called tariff dividend, which would offer some immediate relief,
assuming Congress allows by to happen. I have mixed feelings
(16:21):
about this. I mean, after all, I like money as
much as the next guy. But the result of this
kind of nationwide stipend could itself be inflationary. Right now,
we seem to be okay. We're hovering or just under
three percent which is good compared to where we were
a couple of years ago. But will Americans see it
as a cheap political stunt or as an honest attempt
(16:42):
to mitigate any increased cost of living for working class families.
Tom Bevin elaborates on this point.
Speaker 12 (16:49):
I think it's a reaction to what happened on Tuesday.
I mean this whole idea that you know, Democrats want
on the economy, that Trump hasn't been paying attention to
the economy. He brags about how prices have come down,
they have in certain areas, they have it in others,
and so people are still i think, upset about it,
pissed off about it. And so Trump's reaction is, hey,
we're going to take all this money the Democrats want
(17:10):
to give the insurance companies, and we're going to give
it to you. And oh, by the way, I'm going
to give you more money. And he went out of
his way to specify by the way. And I think
it's important to know the non wealthy are the ones
that are going to get the checks from tariffs.
Speaker 11 (17:22):
It was not.
Speaker 12 (17:23):
This was again directed solely at working class folks, and.
Speaker 7 (17:28):
That's really the whole point of this It's an epic
battle that's being fought right here. Currently, Republicans dominate among
working class families, and Democrats want them back. In fact,
they need them back because the Left can't win without them,
and they know it now after the last couple of decades,
is spinning in our faces, particularly if you're a white
(17:48):
working class voter, and so you're witnessing the Democratic Party
attempt to rebrand itself into a more populous form of
democratic socialism. The problem for them is that if trumps
policies work on the economy, Republicans will control pocketbook issues
for many years to come and will put an end
to any hopes of a democratic socialist movement in this country.
(18:10):
And that can't be allowed. We know that had to
be a big part of the Democrats strategy of shutting
down the government hamper the American economy as much as
possible for the midterms next fall. That way, they con
pendant all on Trump and his tariffs and try to
roll back his pro America policies and return the country
to trade and industrial policies that are more gogless friendly.
(18:33):
The truth is, we don't know exactly what the economic
impact will be yet. We were on track for roughly
four percent annualized growth this past quarter, in line with
the previous result of three point eight percent. But as
the administration's economic advisor Kevin Hassett explains in this conversation
with CNBC, the shutdown is going to hurt us.
Speaker 4 (18:52):
Yeah.
Speaker 15 (18:53):
I think that the way to think about what was
going on right is over the last couple of quarters,
because of the success of President Trump's policies, we've had
about almost four percent growth, and we were looking we
were carrying that momentum into this quarter, but then because
of the shutdown, I think that the estimates from CEA
and gold Mid are that it's going to knock maybe
one to one and a half percent off of that trajectory.
(19:13):
So we're looking for lower growth in the quarter. The
question is when when does it all come back? And
I think that some of the stuff is lost forever.
Speaker 5 (19:21):
And some of it isn't.
Speaker 15 (19:22):
But I would guess by the first quarter of next
year we'll be back at the three or four percent
growth pace.
Speaker 7 (19:28):
When do we get the economic data releases. We're craving data,
especially to those numbers on jobs.
Speaker 15 (19:34):
Yeah, yeah, you know, I haven't been briefed on that yet,
because there's been quite a lot of disruption because of
this terrible shutdown, and so, for example, I've been told
that some of the surveys were never actually completed, so
we'll never perhaps even know what happened in that month.
And so we're going to be steering a little bit
in cloudy weather for a while until we get the
(19:56):
data agencies back up.
Speaker 7 (19:58):
So we don't really know oh where we're at yet
because we're going to be missing as much as a
whole quarter of data. That means the media can continue
to mislead us about affordability, telling us how bad things are,
when in truth, we're actually better off now than we
were a year ago. Treasury Secretary Scott Besson addressed affordability
with Joe Scarrough this week on MSNBC.
Speaker 16 (20:21):
When you ask over the next six or twelve months,
there are two parts to affordability. There's the price level.
And we inherited a mess. It was the worst inflation
forty or fifty years. And I think what the President
was very frustrated about is you said everyone started talking
about it that after he took office. Where was the
(20:44):
discussion during Joe Biden, Because during the Biden era, it
was complete gas lighting. There was a vibe session. Steve Rattner,
who you just had on wrote a column basically saying
like Americans don't know how good they had it. This
is you just don't understand. But the American people know
what they're feeling and what I expect over the next
(21:05):
six and twelve months. As I said, there are two
ways to address affordability. You stop the prices from going up,
you get inflation under control, you have things like energy
mortgages come down. The other side is you get real
working class wages up, and.
Speaker 7 (21:22):
That's what Trump did in his first term. Real wages
were at four point nine percent before the pandemic under Biden.
Inflation adjusted earnings fell four percent under Biden, but are
back up one percent since Trump retook office. Ironically, it's
actually the stuff that government touches that's actually more expensive
over the last twenty years. Take medical care and hospital bills,
(21:44):
college tuition, housing, that's all much higher, as much as
double or triple what it used to be. Meanwhile, stuff
like cars and clothing has remained fairly static, and high
tech items like televisions and computer software and cell phone
are much cheaper than they used to be back in
two thousand. Gee, that must be the free market at work.
(22:06):
We'll be right back.
Speaker 2 (22:07):
We're just trying to turn ankel into a dime.
Speaker 5 (22:10):
That's the bottom line.
Speaker 2 (22:18):
We're just trying to turn a nekel into a dime.
That's the bottom line.
Speaker 11 (22:24):
Good morning, This is that's the bottom line with yours truly,
Jean Valerani reporting. But it appears as if the big
shutdown is the Democrats produced for the American people. Looks
like it's over, But I wonder what they have up
their sleeve next. Well, they still try to find their
(22:47):
find a way. We know Senator Schumer from New York
will not be able to continue to keep the government
shut down, and as far as that goes, Schumer's the
big loser. And much of this and of course, it
looked as if the federal government was going to remain
shut for a while longer, and that, as it turns out,
(23:08):
the US troops are going to get paid. And what
does all this mean for we the American people. Well,
we're fast approaching the holiday season and we found the
Democrat Party fighting for legals to receive money while trying
to they didn't even want to pay the Armed forces.
But all that's over now, there's much There's much wrong
(23:30):
with this picture and begs to ask what are Democrats
trying to do? What's their ultimate goal are they? Is
it an intertal subversive communist attempt? Is it a socialist
movement hidden within the Democrat Party? Well? I don't know
the answer to any of that for sure, but it
(23:51):
sure looks that way, doesn't it. How incredible is it
that they would have let our servicemen and women go
without pay while the Democrat rats want to spend more
money on foreign nationals than their own countrymen now serving
in the armed forces. You know, I don't have answers
to all this, and I find the Democrat hostility to
(24:12):
active duty US military personnel is a disgrace. So what
sticks on the list of the Democrat traitors in Congress
and elsewhere in the government. I doubt President Trump would
have capitulated to the anti American Democrats, especially doing so
at the hands of the Democrat senators and congressmen. To me,
(24:35):
it has all the appearances of an attempt by the
Democrats to seize control of the federal government. Remember, these
Democrats are violating their oaths of office to represent their constituencies,
but to bring down the federal government. Such anti American
behaviors should not be allowed to continue infester. Meantime, the
(24:59):
Trump administration will be able to pay the troops I
suppose now, and the elected Democrats have probably banded together
to try to bring the federal government down again right
after the holidays. Okay, so we have to put up
with this stuff, and they're supposed to be representing us.
(25:20):
Who are they represented? You know, it's hard to envision
something like this could be construed as patriotism.
Speaker 4 (25:27):
Right.
Speaker 11 (25:27):
The Democrats participating and this rebellion need to be arrested
or orchestrating a rebellion against the United States? Why not?
Why do they have the by not doing what they're
elected to do? Can they just go forth and just
bring everything to a standstill? That's what they were trying
to do, right Okay. I don't know how far they
(25:51):
planned to pursue this attack against the United States government.
As for federal employees, they'll eventually receive their back pay.
That many might not receive assistance nor have jobs to
come back to. Yeah, that might be a possibility. I'm
sure the fat cat Democrats have their Thanksgiving food ready
(26:15):
to go with all the trimmings, but not for federal workers, who,
despite eventually receiving back pay, may find less to be
thankful this Thanksgiving anyhow, don't get their back pay. But
what about people who depended on this? What about civilians
who found their income interrupted? Sooner or later? This nonsense
(26:36):
has to be brought to a head, as far as
I'm concerned, the sooner they've been better. They take an
oath to protect and defend the Constitution, and apparently the
Democrats don't. They must have their finger crossed when they
take that oath. Remember, your tax dollars are supporting the
Democrat Party and those who support Democrats are hurting themselves.
(26:58):
What fools these mortals bar? Apparently that statement's true. And truly,
the more these Democrats are allowed to continue their failure
to do their job, the more sinister it becomes. So
what happens next? Would it be correct to declare the
Democrats in open rebellion against the United States? It would
(27:21):
seem sensible to believe this is what's happening, or what
they wanted to have happened. So the question arises, what's next?
And I'm not sure, but I am hopeful with Donald
Trump at the helm, we'll find a way against the
rebellious Democrats and they'll wake up and do their job
instead of abandoning their duty and allowing the Democrat Party
(27:42):
to destroy liberty and freedom. All I can say is
God bless the United States of America, and long may
our nation under God continue under the flag of truth
and justice. Sooner or later, this political threat must pass.
And I tell you, ladies and gentlemen that this is
truly the bottom line. The things will slowly grind back
(28:05):
to normal. But you know that's they're going to have
another date coming up in January where they're going to
have to do the redo the budget again. So they're
on they're on thin ice. But it looks like we're
gonna get through Thanksgiving and Christmas with the government reopened.
And I guess that's a good thing. And if it's
(28:26):
not a good thing, I don't know what is right
has to be a good thing. The holiday season coming up.
You know, we're going to have Thanksgiving before too long,
and then after Thanksgiving we're going to be putting up
our Christmas trees and decking the balls with Haully. Anyhowidays
and gentlemen, this is where we are right now. I'm
(28:48):
glad that the big strike looks like it's over. I'm
glad that the Republicans held out. I'm sure that the
Democrats are going to just keep going until they can
squeeze the last dime all of the American people and
put us into socialism. I don't know the answer to
those questions. All I know is happy Thanksgiving to those
(29:10):
of you listening today. Be back after this.
Speaker 2 (29:13):
We're just trying to turn ankel into a dime. That's
the bottom line.
Speaker 1 (29:19):
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Speaker 2 (31:20):
We're just trying to turn a nickel into a dime.
That's the bottom line.
Speaker 11 (31:27):
Welcome back, ladies and gentlemen you're listening to. That's the
bottom line. Your weekly broadcast on KLBI that tells it
like it is. Once again, this is Gene Valerani reporting
and it's signed for a solution. Now wouldn't be right
for us to do a show on investments, so I
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(37:44):
Sail it to us and we'll get back with you.
We've been helping our clients in Southeast Texas and Louisiana
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oh sixty nine hundred, and we can also be reached
(38:05):
online log on to savemyretirement dot com. Because the sooner
you reach out to us, the sooner we'll be able
to help you. Jeff will be back in a moment.
Speaker 2 (38:20):
Where's just trying to turn a necke in die. That's
the bottom line. Where's just trying to turn a necke
in do a die?
Speaker 5 (38:32):
That's the bottom line.
Speaker 7 (38:36):
People, Thank you for listening today. That that's the bottom line.
All of our broadcasts are available on demand online at
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(38:59):
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at Jeff Lewis. That's the bottom line. Our physical address
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(41:30):
with your best interests in mind. I'm Jeff Lewis, where
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 5 (41:45):
The bottom line.
Speaker 2 (41:48):
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Speaker 2 (01:05):
We're just trying to turn anchel into a dime. That's
the bottom line.
Speaker 3 (01:17):
Welcome to real, honest talk about money, politics, news and
information you can actually use.
Speaker 4 (01:24):
Buckle up and hold on tight.
Speaker 5 (01:26):
This is that's the bottom line. The best thing they
live up.
Speaker 6 (01:36):
But you can give them to the bath and be the.
Speaker 7 (01:46):
That's good morning, everybody, this is that's the bottom line.
I'm your host, Jeff Lewis oft Assek Where Associates, along
with Jeane Vallerani. Thanks for spending part of your weekend
with us. Our top line story. The Senate has finally
(02:07):
voted to end the Democratic shutdown, and the party base
is not happy. Let's just start with John Stewart. Democrats,
you sold.
Speaker 8 (02:17):
Out the entire shutdown not to get what you wanted,
but for a promise to not get what.
Speaker 7 (02:25):
You wanted later.
Speaker 9 (02:28):
Where in the art of war?
Speaker 10 (02:32):
Where?
Speaker 5 (02:33):
Hold on? Where? Where in the sun?
Speaker 4 (02:37):
Sue said?
Speaker 5 (02:39):
Never press your advantage. It's unseemly. Fighting's hard. How about
a snack?
Speaker 1 (03:00):
And by the way, what good does a promise of
a Senate vote even.
Speaker 11 (03:05):
Do for you?
Speaker 5 (03:06):
Democrats?
Speaker 7 (03:07):
You don't control.
Speaker 5 (03:12):
Do you even know how?
Speaker 11 (03:16):
Well?
Speaker 7 (03:16):
Apparently Democrats knew how the Senate works well enough to
shut it down thanks to the filibuster rules. But in
the end, even arcane Senate procedures weren't enough of a
stumbling block to keep a few Democrats for defying their
own party in doing the right thing. Instrumental in this
process was Senator John Fetterman of Pennsylvania, who had this
(03:37):
to say about his vote and about his party's lack
of leadership.
Speaker 9 (03:42):
I mean so so relieved. I mean, I think my
party crossed a line of now putting forty two American
the should be forty two million Americans with their snap benefits,
and making flying less safe and that kinds of chaos
(04:02):
and not paying our military. I mean that that was
a red line for me that I can't cross as
a Democrat. And I think that's been described country over
the party and now that I think that's been the
truth throughout it, and it's only wrong to shut our
government down. And I'm relieved. But the people now that
are going to get paid and fed and millions, millions
(04:24):
of America and they're going to be flying now that's
going to be made more safe and restored.
Speaker 12 (04:28):
The Democratic Party in the Senate, in the.
Speaker 9 (04:32):
House, I no one, no one really knows. And I
think my values are reflected in my vote and the
things that I support here, and if that might put
me at odds with parts of my party, I'm okay
with that.
Speaker 7 (04:51):
Well up till now, Chuck Schumer was running things for
Democrats in the Senate, but that may be changing. Here's
Bernie Sanders.
Speaker 8 (05:00):
Support medicare for all? Do you support an end to
citizens you united? Do you support having a wealth tax
on billionaires? Look what you got right now? Chuck Schumer
is part of the establishment, and I'm sorry to say
that many people in the Democratic Caucus a part of it.
I would say we have eight or nine out of
forty seven people who I would consider to be progressives.
(05:23):
So you can argue, and I can make the case
that Chuck Schumer has done a lot of bad things,
but I think getting rid of him, who's going to
replace him? Who is going to replace them? The issue
right now is doing primaries, getting people involved in the
political process. We're going to create a government and an
economy that works for everybody with the guts that take
on the aligous. So I think we need to take
(05:45):
on the Democrat establishment all over this country.
Speaker 7 (05:50):
Right because Bernie Sanders is neither a billionaire nor the
establishment right belase, it's just a different kind of establishment now,
that progressive establishment that's fighting for outright control of the party,
and they're winning Progressives wanted to shut down the government,
and Congressman Roe Conna of California tells us here how
(06:12):
much Blaine they put on Schumer for ending it?
Speaker 1 (06:15):
Most of it.
Speaker 13 (06:16):
I mean, he's the leader of the Senate. This deal
would never have happened if he had not blessed it.
Don't take my word for it, take the word of
other Senators were saying that they kept Senator Schumer in
the loop the whole time. Look, I've worked with Senator Schumer.
He did an incredible job on the CHIP SAG, on
(06:36):
the IRA on infrastructure. But it's time for him to
be replaced.
Speaker 10 (06:41):
He is not meeting the moment.
Speaker 13 (06:43):
He's out of touch with where the party's base is.
Speaker 7 (06:46):
So is it all over for Chuck Schumer? Trump wide
in himself with Laura ingram So.
Speaker 11 (06:52):
Knives are out.
Speaker 13 (06:53):
It looks like for Chuck Schumer, rokannas already calling for.
Speaker 7 (06:56):
Him to be replaced. What message do you have for
Schumer tonight?
Speaker 1 (07:01):
Well, I think he made a mistake in going too far.
Speaker 10 (07:04):
He going too far.
Speaker 11 (07:07):
Well, it just went too far.
Speaker 4 (07:08):
He thought he could break the Republicans, and the Republicans
broke him.
Speaker 7 (07:14):
Ro Kanna calling out Schumer is a definite shot across
the bow at the current Democratic leadership. Here's Carl Cannon
firing in with his tape.
Speaker 10 (07:23):
I've never heard a House member of that of a
party calling on the Senate majority leader or Senate Minority
leader of his own party a step aside. That's a
new one on me.
Speaker 14 (07:32):
But these, you know, these progressors, these young progressors, are
feeling their oats. They think, they think they've got the
passion and the energy in the within the Democratic Party.
There's some evidence that they're right. But you know, you
notice what they never say, and it's not just the
young progressors, Bernie Sanders, Yesterdy. They never say what their
endgame was here. So Schumer has capitulated. So we've given
(07:55):
in to Trump. So this is terrible.
Speaker 10 (07:57):
We have to fight Trump is and they use all
these vague phrases, But what was what was their idea
of how long Americans should go without food stamps because
of the Democrats filibuster, how long federal workers should not
be paid, how long the air traffic control system should
be rendered overstressed to the point of dangerous in the
(08:20):
danger in the skies, how long the United States military
would be compromised because paychecks and funds weren't going out.
They never say were they willing to do it indefinitely
because they don't like Trump.
Speaker 14 (08:32):
I think it's an incoherent and fundamentally irresponsible way to govern.
Speaker 7 (08:38):
I'll conclude our shutdown analysis with this app summary from
Fox's Brit Hume.
Speaker 3 (08:44):
Well, this was this whole shutdown was a fool's air.
And from the start, this strategy has been tried a
number of times before, where you try to use the
government shutdown and the pressure to get the government reopened
as a lever to get something done. You couldn't You
couldn't get done by the normal process because you have
the votes. It has never worked, it was never going
to work. And you know the Democrats, Yes, there was
(09:07):
some polling that indicated that the Democrats were less were
getting less of the blame than the Republicans. But remember this,
key elements in the Democratic Party, American Associated, the American Federation,
and government employees, the Teams's Union, the Airline Workers Union,
the pilots Union and all they were all urging that
the Republicans measure, the temporary measure be passed. And of course,
(09:33):
as the air traffic situation began to get worse and
the deprivation of snap benefits set in. It became absolutely untenable, which,
when you think about it, it really was.
Speaker 7 (09:45):
This whole thing has been one big Democratic gamut from
the start and it failed. But what's going to be
the economic impact of all this? That could pose real
problems for the Republicans Next year when we come back,
we'll discuss that and more. Stay witness.
Speaker 5 (10:02):
We're just trying to turn a neckele into a dime.
That's the bottom line.
Speaker 1 (10:08):
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Speaker 4 (11:07):
The stock market doesn't care about your retirement plans. This
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(11:29):
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(11:51):
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Speaker 1 (12:12):
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Speaker 5 (13:41):
We're just trying to turn ankolent to what time.
Speaker 6 (13:45):
That's the bottom line.
Speaker 7 (14:16):
We're back, but that's the bottom line. I'm Jeff Lewis,
so what the government shut down now behind us? The
question that looms large is what will be the economic
impact of all this. Trump was brought back to the
White House in large part because Americans were dissatisfied with
the Biden administration's ineptitude on economic matters, particularly with rates
(14:37):
of inflation triple of that we see currently. But as
r CPS Tom Bevin explains here, at some point it's
your economy.
Speaker 5 (14:45):
Now.
Speaker 12 (14:45):
You only get so long and then you own it.
And so Trump is now almost a year into his
second term and he basically owns the economy. And I
think that's so again just saying things are going to
get better and by the time you know, voters go
to the polls in November twenty six, Republicans will be
in good shape. That's what Mike Johnson told us last week.
(15:08):
It's not a strategy, it's a hopefulness that you know,
may or may not be born out.
Speaker 7 (15:16):
That's pretty blunt criticism from a right of center analysts.
And Tom Bevan is right. Hope only lasts for so
long and then people expect results. The difficult part for
Republicans is that. So much of their agenda, which is
now law thanks to the One Big Beautiful Bill, has
to do with taxation, so naturally we won't see the
impact of that until tax time next year, when seniors
(15:38):
start getting refund checks for their six thousand dollars per
person tax credit, or at least pay less tax than
they're used to as a result. The other cornerstone of
Trump's economic policy has been centered on international trade and
bringing production back to the United States. Again, that's a
long term game, and hence why Republicans are kind of
(16:00):
caught in a political trap of their own making. Policies
that are really good for the country may take time
to see the results, and we Americans expect instant gratification.
That's what's behind Trump's proposal for a two thousand dollars
so called tariff dividend, which would offer some immediate relief,
assuming Congress allows by to happen. I have mixed feelings
(16:21):
about this. I mean, after all, I like money as
much as the next guy. But the result of this
kind of nationwide stipend could itself be inflationary. Right now,
we seem to be okay. We're hovering or just under
three percent which is good compared to where we were
a couple of years ago. But will Americans see it
as a cheap political stunt or as an honest attempt
(16:42):
to mitigate any increased cost of living for working class families.
Tom Bevin elaborates on this point.
Speaker 12 (16:49):
I think it's a reaction to what happened on Tuesday.
I mean this whole idea that you know, Democrats want
on the economy, that Trump hasn't been paying attention to
the economy. He brags about how prices have come down,
they have in certain areas, they have it in others,
and so people are still i think, upset about it,
pissed off about it. And so Trump's reaction is, hey,
we're going to take all this money the Democrats want
(17:10):
to give the insurance companies, and we're going to give
it to you. And oh, by the way, I'm going
to give you more money. And he went out of
his way to specify by the way. And I think
it's important to know the non wealthy are the ones
that are going to get the checks from tariffs.
Speaker 11 (17:22):
It was not.
Speaker 12 (17:23):
This was again directed solely at working class folks, and.
Speaker 7 (17:28):
That's really the whole point of this It's an epic
battle that's being fought right here. Currently, Republicans dominate among
working class families, and Democrats want them back. In fact,
they need them back because the Left can't win without them,
and they know it now after the last couple of decades,
is spinning in our faces, particularly if you're a white
(17:48):
working class voter, and so you're witnessing the Democratic Party
attempt to rebrand itself into a more populous form of
democratic socialism. The problem for them is that if trumps
policies work on the economy, Republicans will control pocketbook issues
for many years to come and will put an end
to any hopes of a democratic socialist movement in this country.
(18:10):
And that can't be allowed. We know that had to
be a big part of the Democrats strategy of shutting
down the government hamper the American economy as much as
possible for the midterms next fall. That way, they con
pendant all on Trump and his tariffs and try to
roll back his pro America policies and return the country
to trade and industrial policies that are more gogless friendly.
(18:33):
The truth is, we don't know exactly what the economic
impact will be yet. We were on track for roughly
four percent annualized growth this past quarter, in line with
the previous result of three point eight percent. But as
the administration's economic advisor Kevin Hassett explains in this conversation
with CNBC, the shutdown is going to hurt us.
Speaker 4 (18:52):
Yeah.
Speaker 15 (18:53):
I think that the way to think about what was
going on right is over the last couple of quarters,
because of the success of President Trump's policies, we've had
about almost four percent growth, and we were looking we
were carrying that momentum into this quarter, but then because
of the shutdown, I think that the estimates from CEA
and gold Mid are that it's going to knock maybe
one to one and a half percent off of that trajectory.
(19:13):
So we're looking for lower growth in the quarter. The
question is when when does it all come back? And
I think that some of the stuff is lost forever.
Speaker 5 (19:21):
And some of it isn't.
Speaker 15 (19:22):
But I would guess by the first quarter of next
year we'll be back at the three or four percent
growth pace.
Speaker 7 (19:28):
When do we get the economic data releases. We're craving data,
especially to those numbers on jobs.
Speaker 15 (19:34):
Yeah, yeah, you know, I haven't been briefed on that yet,
because there's been quite a lot of disruption because of
this terrible shutdown, and so, for example, I've been told
that some of the surveys were never actually completed, so
we'll never perhaps even know what happened in that month.
And so we're going to be steering a little bit
in cloudy weather for a while until we get the
(19:56):
data agencies back up.
Speaker 7 (19:58):
So we don't really know oh where we're at yet
because we're going to be missing as much as a
whole quarter of data. That means the media can continue
to mislead us about affordability, telling us how bad things are,
when in truth, we're actually better off now than we
were a year ago. Treasury Secretary Scott Besson addressed affordability
with Joe Scarrough this week on MSNBC.
Speaker 16 (20:21):
When you ask over the next six or twelve months,
there are two parts to affordability. There's the price level.
And we inherited a mess. It was the worst inflation
forty or fifty years. And I think what the President
was very frustrated about is you said everyone started talking
about it that after he took office. Where was the
(20:44):
discussion during Joe Biden, Because during the Biden era, it
was complete gas lighting. There was a vibe session. Steve Rattner,
who you just had on wrote a column basically saying
like Americans don't know how good they had it. This
is you just don't understand. But the American people know
what they're feeling and what I expect over the next
(21:05):
six and twelve months. As I said, there are two
ways to address affordability. You stop the prices from going up,
you get inflation under control, you have things like energy
mortgages come down. The other side is you get real
working class wages up, and.
Speaker 7 (21:22):
That's what Trump did in his first term. Real wages
were at four point nine percent before the pandemic under Biden.
Inflation adjusted earnings fell four percent under Biden, but are
back up one percent since Trump retook office. Ironically, it's
actually the stuff that government touches that's actually more expensive
over the last twenty years. Take medical care and hospital bills,
(21:44):
college tuition, housing, that's all much higher, as much as
double or triple what it used to be. Meanwhile, stuff
like cars and clothing has remained fairly static, and high
tech items like televisions and computer software and cell phone
are much cheaper than they used to be back in
two thousand. Gee, that must be the free market at work.
(22:06):
We'll be right back.
Speaker 2 (22:07):
We're just trying to turn ankel into a dime.
Speaker 5 (22:10):
That's the bottom line.
Speaker 2 (22:18):
We're just trying to turn a nekel into a dime.
That's the bottom line.
Speaker 11 (22:24):
Good morning, This is that's the bottom line with yours truly,
Jean Valerani reporting. But it appears as if the big
shutdown is the Democrats produced for the American people. Looks
like it's over, But I wonder what they have up
their sleeve next. Well, they still try to find their
(22:47):
find a way. We know Senator Schumer from New York
will not be able to continue to keep the government
shut down, and as far as that goes, Schumer's the
big loser. And much of this and of course, it
looked as if the federal government was going to remain
shut for a while longer, and that, as it turns out,
(23:08):
the US troops are going to get paid. And what
does all this mean for we the American people. Well,
we're fast approaching the holiday season and we found the
Democrat Party fighting for legals to receive money while trying
to they didn't even want to pay the Armed forces.
But all that's over now, there's much There's much wrong
(23:30):
with this picture and begs to ask what are Democrats
trying to do? What's their ultimate goal are they? Is
it an intertal subversive communist attempt? Is it a socialist
movement hidden within the Democrat Party? Well? I don't know
the answer to any of that for sure, but it
(23:51):
sure looks that way, doesn't it. How incredible is it
that they would have let our servicemen and women go
without pay while the Democrat rats want to spend more
money on foreign nationals than their own countrymen now serving
in the armed forces. You know, I don't have answers
to all this, and I find the Democrat hostility to
(24:12):
active duty US military personnel is a disgrace. So what
sticks on the list of the Democrat traitors in Congress
and elsewhere in the government. I doubt President Trump would
have capitulated to the anti American Democrats, especially doing so
at the hands of the Democrat senators and congressmen. To me,
(24:35):
it has all the appearances of an attempt by the
Democrats to seize control of the federal government. Remember, these
Democrats are violating their oaths of office to represent their constituencies,
but to bring down the federal government. Such anti American
behaviors should not be allowed to continue infester. Meantime, the
(24:59):
Trump administration will be able to pay the troops I
suppose now, and the elected Democrats have probably banded together
to try to bring the federal government down again right
after the holidays. Okay, so we have to put up
with this stuff, and they're supposed to be representing us.
(25:20):
Who are they represented? You know, it's hard to envision
something like this could be construed as patriotism.
Speaker 4 (25:27):
Right.
Speaker 11 (25:27):
The Democrats participating and this rebellion need to be arrested
or orchestrating a rebellion against the United States? Why not?
Why do they have the by not doing what they're
elected to do? Can they just go forth and just
bring everything to a standstill? That's what they were trying
to do, right Okay. I don't know how far they
(25:51):
planned to pursue this attack against the United States government.
As for federal employees, they'll eventually receive their back pay.
That many might not receive assistance nor have jobs to
come back to. Yeah, that might be a possibility. I'm
sure the fat cat Democrats have their Thanksgiving food ready
(26:15):
to go with all the trimmings, but not for federal workers, who,
despite eventually receiving back pay, may find less to be
thankful this Thanksgiving anyhow, don't get their back pay. But
what about people who depended on this? What about civilians
who found their income interrupted? Sooner or later? This nonsense
(26:36):
has to be brought to a head, as far as
I'm concerned, the sooner they've been better. They take an
oath to protect and defend the Constitution, and apparently the
Democrats don't. They must have their finger crossed when they
take that oath. Remember, your tax dollars are supporting the
Democrat Party and those who support Democrats are hurting themselves.
(26:58):
What fools these mortals bar? Apparently that statement's true. And truly,
the more these Democrats are allowed to continue their failure
to do their job, the more sinister it becomes. So
what happens next? Would it be correct to declare the
Democrats in open rebellion against the United States? It would
(27:21):
seem sensible to believe this is what's happening, or what
they wanted to have happened. So the question arises, what's next?
And I'm not sure, but I am hopeful with Donald
Trump at the helm, we'll find a way against the
rebellious Democrats and they'll wake up and do their job
instead of abandoning their duty and allowing the Democrat Party
(27:42):
to destroy liberty and freedom. All I can say is
God bless the United States of America, and long may
our nation under God continue under the flag of truth
and justice. Sooner or later, this political threat must pass.
And I tell you, ladies and gentlemen that this is
truly the bottom line. The things will slowly grind back
(28:05):
to normal. But you know that's they're going to have
another date coming up in January where they're going to
have to do the redo the budget again. So they're
on they're on thin ice. But it looks like we're
gonna get through Thanksgiving and Christmas with the government reopened.
And I guess that's a good thing. And if it's
(28:26):
not a good thing, I don't know what is right
has to be a good thing. The holiday season coming up.
You know, we're going to have Thanksgiving before too long,
and then after Thanksgiving we're going to be putting up
our Christmas trees and decking the balls with Haully. Anyhowidays
and gentlemen, this is where we are right now. I'm
(28:48):
glad that the big strike looks like it's over. I'm
glad that the Republicans held out. I'm sure that the
Democrats are going to just keep going until they can
squeeze the last dime all of the American people and
put us into socialism. I don't know the answer to
those questions. All I know is happy Thanksgiving to those
(29:10):
of you listening today. Be back after this.
Speaker 2 (29:13):
We're just trying to turn ankel into a dime. That's
the bottom line.
Speaker 1 (29:19):
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Speaker 2 (31:20):
We're just trying to turn a nickel into a dime.
That's the bottom line.
Speaker 11 (31:27):
Welcome back, ladies and gentlemen you're listening to. That's the
bottom line. Your weekly broadcast on KLBI that tells it
like it is. Once again, this is Gene Valerani reporting
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We've been helping our clients in Southeast Texas and Louisiana
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Speaker 2 (38:20):
Where's just trying to turn a necke in die. That's
the bottom line. Where's just trying to turn a necke
in do a die?
Speaker 5 (38:32):
That's the bottom line.
Speaker 7 (38:36):
People, Thank you for listening today. That that's the bottom line.
All of our broadcasts are available on demand online at
savemy retirement dot com or just go to your iHeartRadio
app and search for us under the podcast tab and
(38:59):
be sure to add as to favorites. You can also
follow us for all of the latest updates on Facebook
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The bottom line.
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