October 18, 2025 • 32 mins
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Can't find AM six forty.
Speaker 2 (00:02):
You're listening to the John Cobel podcast on the iHeartRadio app.
Speaker 1 (00:06):
Good to have you along with us. Day seventeen of
the federal government shutdown, and we have gone through pay
periods for a lot of different categories of employees. There's
active duty pay, there's federal workers, there's congressional staff, and
some of them have different pay peroris. But I think
at this point everybody has missed at least one paycheck
(00:30):
if they are working but still not getting paid. The
Transportation Safety Administration is feeling the pain, at least in Oakland,
where they are reporting that they are on rice and
beans abs and news correspondent Alex Stone joins us, kind
of dramatic, But if you're living paycheck to paycheck, I
suppose there's no money to buy grocery.
Speaker 2 (00:50):
Yeah, and you know, lou not making a ton. I
think when we looked it up, the typical TSAY officer
makes around twenty four bucks an hour, and living in California,
that's tough to live off of. And then you take
away the paycheck and they're hurting you. We've talked as
well about the number of FAA and TSA officers who
have already started. But as time goes on, historically in
(01:12):
a government shot down, that people are going to begin
calling in sick more and more because they can't pay
for food, or pay their bills, or have childcare, pay
for gasoline because they're being told they've got to work,
but they're not getting paid. They missed most of one
paycheck and in a couple of days whole second paycheck
will will not go into their direct deposit or however
(01:32):
they get it. And they just you know, they don't
make a lot of money to begin with. So their
union says, this is hard even when they are getting
paid to make ends meet here in California. But yeah,
yet in not getting a paycheck.
Speaker 3 (01:42):
Families, a lot of our TSO's live paycheck to paycheck,
they have childcare issues. They got to show up at
three o'clock in the morning to fly out the traveling public.
Speaker 2 (01:53):
So now, in their signature blue uniforms at the Oakland
Airport TSA officers are lining up after their shifts to
get food from a food to bring home and it
is mostly beans, rice, eggs, fresh produce. And this is
him lining up this.
Speaker 4 (02:07):
Week right here. Make sure you guys have some eggs.
Speaker 1 (02:11):
Sure, thank you, all right, I'm sure to say you
have a good.
Speaker 2 (02:13):
Day getting a dozen eggs and then heading home after
a shift. Reggie Young runs the Attamina County Community Food Bank.
He says, they know that they need this help and
they're helping them out.
Speaker 4 (02:22):
I think one of the big challenges in general with
not being paid is essentially that your whole livelihood is
at risk.
Speaker 2 (02:30):
And he says, look, they know the TSA staff he's
dealing with, buying medicine for family members, gas, pay the rent.
They've got to show up in a clean, non wrinkled
uniform every day. They got to do all that without
a paycheck, And he says.
Speaker 4 (02:45):
We want to sure that food is one of the
things that you don't have to worry about.
Speaker 2 (02:47):
Yeah, So after their shifts, they are lining up like
you would in any shelter and getting food to bring
home to the family, and the food bank says low
that they've got enough food to help out no matter
how long this shutdown goes on. For that they feel
like they're good there, I mean to an extent, but
it won't go on forever, and they feel like they've
the community has come through for them. And the TSA staff,
(03:08):
they say, this is really tough. They've got careers, that
they are hard working, that they thought they had a
good government job, and now even though they're going to
work every day, they're then lining up to get donated
food from a food bank. And that hurts the ego
a little bit that they've got to look for help
and that they're they're asking for help.
Speaker 3 (03:27):
We just don't want this to become a prolonged fight
because we don't know what, we don't know how we're
going to pay to stay in the fight.
Speaker 2 (03:34):
Yeah, and paid to stay in the fight just in
general of gas to get to work and childcare and
all that. But its testimated just in the Bay area
around Oakland, they're seventy eight thousand federal workers and the
food bank is feeding around the three hundred TSA officers
who are there at Oakland. Now. Many of those are
federal workers who don't have to go into the office
right now. If you're the irs, you don't go in
(03:55):
most likely, and it's still going to be tough without
a paycheck, but you're not commuting and a uniform and
having a deal with childcare and all of that. But
those like the FAA and the TSA who have to
go in they say it's it's tough, and they're seeing
it at the Oakland Airport and SFO and no doubt
Lax and John Wayne and Burbank, everybody's dealing with it.
Speaker 1 (04:16):
Yeah, and a lot of TSA are former military. That's
the way the federal government works with respect to offering
jobs and prioritizing. So it's a fair story. This is
a shame and these kinds of you know, show voting
on Capitol Hill do affect actual people and their lives.
That has been in the past. Ways for depending on
(04:36):
the bank you used and whoever you had. You know,
if you went with a Navy, federal credit or something
like that, banks used to work with you and issue
you some credit if you will. If you had a
federal employee, if you had a federal job and you
work for a period of time, you can demonstrate they'd
work for a certain amount of time. I know that
(04:57):
that had happened with shutdowns in the past. Certainly it's
happened with respect to when the government shut down in
Sacramento or when they would go without a budget in Sacramento,
staff would get floated. Essentially loans. It doesn't sound like
that's happening this time, or maybe it's just been too
long and since there's no end in sight, maybe banks
don't want to even offer that.
Speaker 2 (05:17):
Well, I think it's a couple of things. One is,
I'm a member of USAA and you know, which is
typically for military families, And I have seen as I
log into my banking app that it says that they
are giving out they've given out some hundreds of millions
of dollars worth of loans in this moment during the shutdown.
So there is some of that going on depending on
what banks somebody has. But there are a lot of
(05:39):
former military who are in the TSA, but there are
a lot who were not as well, and so they
may have Bank of America or Wells Fargo or one
of those, and it may be a little bit tougher
to get the banks to play with them in that
way if it's just a regular consumer bank. And again,
when you're talking about not making a ton of money,
(06:00):
there may not be a real strong relationship with a bank,
and it may just be kind of living life and
taking care of the kids and then going home, and
they may not have gotten that far. So there are
some were saying, look that they need the help from
a food bank.
Speaker 1 (06:15):
Yeah, and when you mentioned look, TSA have to get
there at three in the morning, for if you have
to be on a six o'clock flight. These are the
kinds of stories that I think the average American responds to.
And so the goal is what to make the phones
ring at the Congression or the Senate office. I guess
it would be to put pressure on everybody's senator to
either sign the CR or reopen the government without with
(06:41):
the concessions that the Democrats are.
Speaker 2 (06:43):
Asking for, or find some way to pay some of
the mandatory workers, the essential workers of TSA, of FAA
law enforcements already getting paid. But we've said it before,
but members of Congress they're getting paid right now. I
imagine if they were lining up to get food. Typically
they have multiple means of income, and then they would
probably do okay during this amount of time. But imagine
(07:05):
if they were in the food line at a food
bank getting beans and rice, and how different that would be. So, yeah,
the ts I'd like to see that, Actually, yeah, that
would not just sho would be a good image on TV. Yeah,
meeting the constituents, but actually needing that food and going
through that line, it would be a different ballgame.
Speaker 1 (07:25):
Alex Stone, thanks so much. I appreciate you always. You
got it.
Speaker 2 (07:28):
Thanks. Look every great weekend.
Speaker 1 (07:29):
All right, So day seventeen and no movement whatsoever. There's
no end insight.
Speaker 5 (07:36):
There's no compromise that anyone can remotely see. Yesterday, Senate
Democrats blocked a government funding bill, blocked a full year
defense funding bill, and they rejected an offer from Majority
leader John Food to give them a standalone vote on
extending the Obamacare subsidies.
Speaker 1 (07:52):
All right, So when we come back, let's break that down,
because there is a way out of this. We could
easily get the government reopened tonight or certainly Monday, but
nothing will happen until Monday. At least. There's no call
for the Senate to even be in town right now.
They've sent everybody home. I'll break it down for you
(08:13):
coming up next. Lou Penrose Info John Cobelt on the
John coblt Show on kf I AM six forty live
everywhere on the iHeartRadio app.
Speaker 6 (08:21):
You're listening to John Cobelt on demand from KFI AM
six forty.
Speaker 1 (08:28):
Lou Penrose Info John Coblt on KFI AM six forty.
Speaker 7 (08:32):
Well, as everybody knows, it's a lot easier to hire
in your own uniform when you're getting a paycheck rather
than when money is out to you and will eventually
be paid to you.
Speaker 1 (08:45):
I love sarcasm. Talking about the TSA employees at the
Open Airport, they lined up at the food bank. The
government shut down day seventeen, so they missed one paid
period and they lined up getting rice and beans, eggs
and some fresh produce. Three hundred TSA employees said that
(09:08):
they live paycheck to paycheck and now are suffering. The
local Labor Council estimates that just in the San Francisco
Bay Area there are seventy eight thousand federal workers and
many suffering without paychecks. Well, this is going to be
a long government shutdown, and some federal employees are really
going to take Some are going to be hit harder
(09:32):
than others. Obviously, a TSA employee that makes twenty four
dollars an hour and lives in Los Angeles or in
the Bay Area, or in New York City, or in
Chicago or some of the more expensive areas of the
country are going to be hit harder than the TSA
agent that is in Charlotte, North Carolina. So that's a reality.
(09:57):
By the way, they're also hit harder in their housing
costs and their taxes. I mean, that's that goes across
the board. I was a federal employees. I was a
staffer for three members of Congress, and like if you're
if you're if you're a staffer for the member of
Congress in Oklahoma, you're well paid and you're living large
(10:21):
in a small town in Oklahoma. That's where you live.
If you're a staffer for a member of Congress and
that member of Congress represents Lower Manhattan, I mean, there's
only so much you can get paid. I mean there
are scales depending on the level of seniority and what
you do. Right, if you're chief of staff, you get
paid a little more than if you're the executive secretary.
But nevertheless, if the congressman is representing Lower Manhattan, you're
(10:45):
broke unless you want to live way the hell out
in New Jersey. So like that's this goes without saying.
This is kind of the way things go. And they
do make federal employees get adjusted for the zones that
they live in but it ain't much and it doesn't
really help you all that much. So it's just hard
to be a TSA agent in the Bay Area all
(11:06):
the time. But one paycheck from the soup kitchen, I
think is a little dramatic. So I don't know who
these people are, I don't know what they're doing. I
don't know if this is a stunt. The idea that
seventeen days ago the TSA agent was well fed and
seventeen days later they're on rice and beans is a
(11:27):
little dramatic, but nevertheless, it's going to be on television
and then people will get their hearts tugged at. And
this is the way government shutdowns usually go. Now I'm
impressed that we're seventeen days into it. All the other
federal shutdowns that I've experienced as a tax payer or
experienced as a federal employee, the Republicans always wound up
(11:51):
caving because they eventually find some woman in Baltimore with
four children. No one knows where the husband is. He's
never on TV, only the woman, and she's like just
some person that works at the Department of Transportation, or
she's a janitor that works in the Cannon House. Office building,
and she's starving to death. And that's probably eight days
(12:14):
into the federal shutdown. She's starving to death, and all
the kids are starving to death. It's lay Miss Roble
in Baltimore. And that's the show. And that show goes
on sixty minutes that Sunday, and by Monday at six o'clock,
the Republican's cave. That's the way all federal shutdowns have
gone in my experience, going all the way back to
the nineties and President Clinton through President Obama. And this
(12:37):
time nobody's caving. But there is a way out, and
there's an easy way out. And really it's up to
five Democrats, five Democrat senators. Listen to the here's the
story on the option. There's no end in sight.
Speaker 5 (12:54):
There's no compromise that anyone can remotely see. Yesterday, Senate
Democrats blocked eight government funding bill, blocked a full year
defense funding bill, and they rejected an offer from Majority
Leader John Foon to give them a standalone vote on
extending the Obamacare subsidies.
Speaker 1 (13:11):
So this is what you're hearing. As soon as the
government was shut down, everybody was going to die, said
the Democrats in the Senate, and then they pulled back
and said, people's premiums are going to double. No one's
gonna have insurance. And then days went by and we
were still alive and we still had healthcare. But the
threat that, oh, these Obama ACA subsidies, they're going to double.
(13:34):
People's premiums are going to double. It's just going to
be horrible out there. And the Republican Senate leader called
the bluff. And by the way, as this was happening,
there are fifty three Republicans in the United States Senate.
There are one hundred senators. You need sixty votes to
end debate and call the vote. You only need fifty
(13:57):
plus one to win, but you need sixty to end debate.
That's a Senate rule and it's been there since like
nineteen seventeen, So it requires sixty. It required three fifths
of the Senate. There weren't fifty, weren't one hundred senators
in nineteen seventeen. But it requires three fifths of the
Senate to end debate because the Senate is an open
debate body and call the question as it's called. It's
(14:20):
called cloture. There you go. Now, you know more political
science than half the faculty of the political science department
at UCLA and the entire faculty at USC But they
need sixty votes. They're only fifty three Republicans. They already
peeled off two. They peeled off the Democrats senator from
Pennsylvania Feederman, and peeled off an independent senator, so they're
(14:44):
now at fifty five. So it only takes five Democrats
and that's it. And all they have to do is
sign off. On September thirtieth life, So the federal budget
that existed, the way the life was going, every federal department,
every agency, all the funding, literally the way the government
(15:05):
was running on September thirtieth is the way it will
be right now. If five US Senators sign off, it's
called a continuing resolution a CR, and it does exactly
what it sounds like it does. It's a resolution to
continue to just keep everything going the way it was going.
Everybody gets paid what they got paid. They don't get
a raise, but they don't get their pay cut. There's
(15:27):
nothing gets cut, nothing ends, nothing begins, no new laws
are passed, nothing happens. Everything is like it was when
you woke up on September thirtieth. That's all the cr does.
It keeps the government running while Democrats and Republicans can
debate and argue and jump up and down and scream
over whatever it is you want to argue about Medicare
(15:50):
for the aliens, Obamacare, premium doubling, ACA, whatever bah ba like.
Everything can be debated, but the government has to be open.
And that's what Senator Thun, the Republican leader, has offered.
He even offered a vote. He said, look, I'll offer
you a clean vote just on the Obamacare provisions, so
(16:12):
that we'll all be on record on whether we want
Americans premiums to double. The ron Obamacare will offer you that,
and Democrats still said no, and we only need five.
My prediction is we'll get those five rather quickly, as
soon as they see the TSA agents up in San
Francisco eating rice and beans. Lou Penrose in for John Campbell,
excuse me, in for John Cobelt on I AM six
(16:35):
forty live everywhere on the iHeartRadio app.
Speaker 6 (16:38):
You're listening to John cobelts on demand from KFI AM
six forty.
Speaker 1 (16:44):
It's the John Cobelt Show. Lou Penrose in for John
Cobelt this week, Good to have you along with us?
Baffles me. How people say they live paycheck to paycheck.
They probably go out and buy a new car every
three to five years. I've got one truck fifteen years old.
I'm gonna keep it until I die. Yeah, I know,
But are you making what the TSA agents in Oakland
(17:04):
are making?
Speaker 6 (17:05):
Okay, now you're boring the crap on it, MA, and
I'm falling asleep.
Speaker 1 (17:08):
I know what this host is so boring. He haint
a damn thing wrong with eating beans and rydes And
sometimes all you got in live are beans and rides
and Jesus Christ. I'll tell you what. So, Scott Wiener,
the Senator from San Francisco, is not waiting for Nancy
Pelosi to retire. He's done waiting. Remember Speaker Pelosi, she
was in the news this week. Shut up. Yeah, she
(17:29):
got in trouble with a reporter there and lost her temper,
And apparently that was enough for Senator Scott Wiener to
reconsider his political plans. Just to bring you up to speed,
there is a new January sixth commission being convened by Republicans.
They say Nancy Pelosi was really the problem. On January sixth,
(17:50):
and the reporter went after.
Speaker 8 (17:51):
Congress on Pelosi, are you at all concerned that the new.
Speaker 1 (17:53):
January sixth committee will find you liable to that day?
Speaker 8 (17:56):
Why did you refuse the national guard on January sixth?
Speaker 1 (18:00):
Shut up. I did not refuse the national guard. The
President didn't send it.
Speaker 8 (18:05):
Why are you coming here with Republican talking points as
if you're a serious journal The.
Speaker 1 (18:09):
American people want to know. We still have questions, thank you.
Oh no, So that little exchange, apparently, according to sources,
was enough for Senator Scott Wiener. Now we hear from
Senator Scott Wiener a lot. He's author of a lot
of progressive legislation out of Sacramento. It gets signed into
law all the time. And he wants to be in Congress,
(18:33):
and he is representative. That's Pelosi's his seat, and he's
termed out. I don't know when his term ends, but
at some point he can't be a state senator anymore,
and apparently he wants to go to Congress. So sources
say that he is running in twenty twenty six, even
if he has the primary speaker Pelosi. Shut up, Yeah,
(18:55):
that's true. So that's going to be interesting. San Francisco's
state senator previously said he would wait for Pelosi to
retire from Congress, but now he's done some internal polling
and it shows that his time is now and that
her star has faded. And he's progressive, far more progressive
than she is. If you can imagine that Scott Wiener
(19:19):
is to he's certainly to the left of Speaker Pelosi.
But today Pelosi would be considered a moderate in Sacramento
terms for the party, the Democrats. So yeah, that's going
to be an interesting little fight because Newsom and Pelosi
are related, I mean literally related, and there's a lot
(19:43):
of Democrat money required to win a San Francisco congressional seat,
and Pelosi not a small player in the fundraising world.
Her father was the mayor of Baltimore. I mean, that's
how far back these political families go. But I have
a few predictions. I think that is right. I think
Scott Wiener will challenge Nancy Pelosi and beat her in
(20:03):
a primary, and I think in twenty twenty six Wiener
will be the congressman. That's my prediction. Frankly, I'd rather
have Nancy Pelosi around because it's just a lot more
fun when she does things like that and we get
to put it on TV and put it on the radio,
and it helps paint the picture of this aging, crabby,
(20:27):
mean spirited Democrat leadership in Sacramento. But I think that
that will happen. I have a couple of predictions. I'm
gonna run these by you. It's Friday, so I'm gonna
throw out these predictions. Again. These are not things I
want to happen, but as a political science major, these
are things that I study and my analytical eye tells
(20:49):
me that they're going to happen. I think Wiener challenges Pelosi.
I think she thinks I can kick this little guy
to the curb, and she is wrong, and he beats her,
and she he moves on to become the congress member
for San Francisco and an unceremonious ending to Nancy Pelos's career.
(21:09):
I think PROMP fifty will pass. I think it will
be approved by voters, but I don't think Democrats will
pick up the five seats that Prop fifty allows for
them to have ease in picking up. Remember there's two
things going on here. Prop fifty allows Democrats to cheat.
(21:30):
It allows politicians Democrat politicians to redraw the congressional boundaries
in California temporarily and in between two censuses. The congressional
lines are redrawn every ten years. Anyway, they have to
be because the census gives us a different number. We
don't know are there more Californians or less Californians. By law,
(21:51):
there has to be a portionment. There has to be
a congressional representative for everybody, and it has to be equal.
Right now, it's seven hundred and seventy thousand Californians are
represented by each member of Congress. When I started working
in Congress in two thousand and two, it was six
hundred and forty six forty. What do you know about that? Yeah,
(22:12):
so California grew from two thousand and two to two
thousand and twenty, and we are now declining, so we're
losing seats. So we will see if that number of
residents of California goes down or stabilize a seven seventy
and then you divide up whatever you know, thirty eight
(22:33):
million Californians divided by seven hundred and seventy thousand, and
that's how you figure out the number of congressional seats.
They are, and that's how you start. And then you
draw lines and you try and keep them community, whole city,
whole community, like, agriculture, whole like. You try the best
you can to keep communities together. Well, the Democrats are
(22:55):
changing all that and literally drawing congressional lines on purpose
to capture where more registered Democrats live, to make it
a more likely Democrat seat, to give a Democrat candidate
in that congressional district and advantage. And they're unabashit about this.
They're not hiding the fact that they're doing that on purpose.
(23:15):
They're saying it's because Donald Trump is a dictator, and
that's the rationale. So they need to cheat to stop
all of America from being led by a dictator for
the remainder of Trump's term, and so that's what Prop
fifty is all about. I think it'll pass, but I
don't think the redrawn congressional lines that will now favor
(23:36):
Democrats will result in a Democrat congress person in those districts.
So I don't think the Democrats will pick up five
seats in the twenty twenty six mid term election. I
do believe that Senator Alex Padia will decide and depending
on how fifty turns out, will decide that the Senate sucks.
(23:58):
I'm in the minority here, I'm Democrat from California. We
don't know how to be in the minority whenever. I've
never been in the minority in my life. And it's
no fun being in the minority, and I can't get
anything done, and I'm just not a very good senator.
So I'm gonna go back to California and be governor
because that's just a lot easier. And then I can
be governor. And I think that's what's gonna happen. I
(24:20):
think Padia will and he can run as a sitting
senator because his term isn't up for another two years,
so he can run and he will either vacate the
seat or he'll just run as senator and he'll win,
and he'll be the governor. He'll be Governor Alex Padia.
(24:40):
And then after he's sworn in as governor, the governor
then has two choices. He can call a special election
for the Senate seat for forty five days, or he
can appoint newly elected governor Alex Padilla will appoint Gavin
Newsom to serve the remainder of his Senate See, that's
(25:03):
my prediction and how Newsom will get away with it
because he's not a person of color. He's a white
male and Democrats hate white men in Senate seats, so
he'll just say, look, I think that this goes against
you my lifelong work of diversity. But I'm only going
(25:24):
to serve out the remainder of Padilla's term. I'm only
going to fill fulfill the goals of my good friend,
Senator Alex Paedias. I'm only just a placeholder. I'll give
up that seat and give it back to the people
of California. I'm just going to be here for two years,
and that will give Newsom the two year separation from
his failure in California that he needs to be a
(25:44):
player on the world stage. And finally, my last prediction
is that Katie Porter will drop out of the race
and teach a law class on workplace harassment. Lou Penrose
in for John Cobelt. I'm the John Cobelt Show on
KFI AM six forty.
Speaker 6 (25:58):
You're listening to John Kobe else on demand from KFI AM.
Speaker 1 (26:02):
Six forty The John Cobelt Show. Lou Penrose in for
John Cobelt all this past week. Thank you for allowing
me to sit in for John. I just got word
that on Monday, California State Assembly Member Carl Demyle will
be filling in for John Cobelt with the latest on
Prop fifty and everything else. Longtime friend Carl Demyle and
(26:26):
one of the strongest voices for sanity and common sense
up in Sacramento, and no stranger to KFI and the
John Cobelt audience. So my good friend and yours, Carl
demayo in on Monday. Jack in the Box is selling
Del Taco one hundred and fifteen million dollars for five
(26:48):
hundred and fifty restaurants. I think that's cheap. I'm a
big fan of Del Taco. I don't prefer Taco Bell,
even though that Glenn Bell is my neighbor in Big Bear,
I don't. There's nothing there that I like. Taco Bell
is a good food, but Del Taco for me, is great.
(27:09):
It's just the perfect price point. It's the perfect amount
of everything, it's the perfect amount of taste, and they
got everything I like. But Jack in the Box is
trying to strengthen its brand and it doesn't need Del
Taco anymore.
Speaker 8 (27:22):
Yes, Jack in the Box is selling its entire Del
Taco chain for one hundred and fifteen million dollars. The
Hamburger brand inked the deal with one of its California
based franchisees, Yadav Enterprises. The group currently owns three hundred
and ten restaurant locations that include Jack in the Box, Denny's,
Tgi Fridays, Taco Cabana, and Nick the Greek.
Speaker 1 (27:41):
Well, it's a real portfolio, got going on. So the
story isn't that Jack in the Box is trying to
strengthen its brand and it's selling off Del Taco. The
story is this Yadav Enterprises. So Yadav Enterprises bought all
of the Del Tacos, all of the five hundred and
fifty restaurant in one deal. Del Taco's second largest Mexican
(28:05):
American quick serve restaurant chain by units. Did you know
that they're like everywhere, They're like the Starbucks of Mexican
drive through food is with respect to the chain, they're
in fifteen states. So I root for Del Taco because
I think the food is good, But you had to
have enterprises. The CEO is a Neil yadav and he
(28:28):
worked at Jack in the Box as a kid. This
is an incredible story. Right now, you'd have aneil of
your d have enterprises, owns three hundred restaurants. He has
El poy Loco. He's got Tgi Friday. He got these
franchisee has known all of them. But he's got a
couple of Tji Fridays. He's got a bunch of Denny's.
(28:50):
He's got Taco Cabane. He's got Nick the Greek and
used to work for Jack in the Box and apparently
knew who to call and said, you know what those
del tacos. And so he went from having three hundred
restaurants now he's got eight hundred and fifty restaurants. Wow,
you'dof ceo.
Speaker 8 (29:09):
At seventeen, he started as a Jack in the Box
fry cook. He made manager in eighteen months, and then
he bought his first store back in nineteen eighty nine.
Speaker 1 (29:18):
Yeah, that's an American story. You can't do that anywhere else.
Only in America can you do that. Only in America
can you work the French fry counter at Jack in
the Box, become the manager, buy a store. And it's
not easy to do because I tried to do it.
I worked at Burger King and I realized, wow, you
(29:41):
can make some money with these things because I worked
for a restaurant group. So we were a franchise, but
the owner owned like eight of them, like he had
a territory. And that's the way that world works. The
Burger King Corporation allows you a territory and they won't
allow other people to buy into your tear. They give
you the first right if they're going to put a
new Burger King up, so you can't invade the territory.
(30:02):
But the guy had like eight Burger Kings and he
was making bank driving around in his Mercedes Benz and
it was a nice guy. I just didn't think he
was a titan of industry, if you know what I mean.
But he had more money than I did, and I said, well,
there might be might this might not be a bad
thing to do. And I looked into a Burger King
(30:23):
franchise of my own this many years ago, and I
couldn't because where I didn't. I don't want to buy
one way out, you know, in Barstow. I wanted to
buy where I live, and that already had a territory.
And believe it or not, it was. Well, maybe I
shouldn't say the name, but the guy that owned the
burger king rights to where I lived was once the
(30:44):
mayor of Anaheim. I'll leave it at that. So I
never did it, but I always wanted to do it.
This guy that now owns Del Taco, he was working
at Jack in the Box, became a manager, bought a
franchise and went off to the races and assembled three
hundred restaurants and now just bought all five hundred and
(31:05):
fifty Dell Tacos. Absolutely unbelievable. That is an American story.
I love it, love it, love it. So it can
be done. You can become rich starting as a French
fry guy at any of these stores. Well, we'll see
if he makes any changes. It seems to me that
if Jack in the Box is selling it and one
hundred and fifteen million dollars does seem low, then changes
(31:29):
need to be made. So I'm not optimistic. I still
regard that Double Dell cheeseburger as one of the best
cheeseburgers out there. In the case of the is are
real good, and Jack in the Box I wish I
wish them well too. I think the ultimate cheeseburger is
the best thing going. Lou Penrose, if of John Cobelt
on KFI AM six forty live everywhere on the iHeartRadio app.
Speaker 2 (31:52):
Hey, you've been listening to the John Cobelt Show podcast.
You can always hear the show live on KFI AM
six forty from one to four pm every Monday through Friday,
and of course anytime on demand on the iHeartRadio app.
Can't find AM six forty.
Speaker 2 (00:02):
You're listening to the John Cobel podcast on the iHeartRadio app.
Speaker 1 (00:06):
Good to have you along with us. Day seventeen of
the federal government shutdown, and we have gone through pay
periods for a lot of different categories of employees. There's
active duty pay, there's federal workers, there's congressional staff, and
some of them have different pay peroris. But I think
at this point everybody has missed at least one paycheck
(00:30):
if they are working but still not getting paid. The
Transportation Safety Administration is feeling the pain, at least in Oakland,
where they are reporting that they are on rice and
beans abs and news correspondent Alex Stone joins us, kind
of dramatic, But if you're living paycheck to paycheck, I
suppose there's no money to buy grocery.
Speaker 2 (00:50):
Yeah, and you know, lou not making a ton. I
think when we looked it up, the typical TSAY officer
makes around twenty four bucks an hour, and living in California,
that's tough to live off of. And then you take
away the paycheck and they're hurting you. We've talked as
well about the number of FAA and TSA officers who
have already started. But as time goes on, historically in
(01:12):
a government shot down, that people are going to begin
calling in sick more and more because they can't pay
for food, or pay their bills, or have childcare, pay
for gasoline because they're being told they've got to work,
but they're not getting paid. They missed most of one
paycheck and in a couple of days whole second paycheck
will will not go into their direct deposit or however
(01:32):
they get it. And they just you know, they don't
make a lot of money to begin with. So their
union says, this is hard even when they are getting
paid to make ends meet here in California. But yeah,
yet in not getting a paycheck.
Speaker 3 (01:42):
Families, a lot of our TSO's live paycheck to paycheck,
they have childcare issues. They got to show up at
three o'clock in the morning to fly out the traveling public.
Speaker 2 (01:53):
So now, in their signature blue uniforms at the Oakland
Airport TSA officers are lining up after their shifts to
get food from a food to bring home and it
is mostly beans, rice, eggs, fresh produce. And this is
him lining up this.
Speaker 4 (02:07):
Week right here. Make sure you guys have some eggs.
Speaker 1 (02:11):
Sure, thank you, all right, I'm sure to say you
have a good.
Speaker 2 (02:13):
Day getting a dozen eggs and then heading home after
a shift. Reggie Young runs the Attamina County Community Food Bank.
He says, they know that they need this help and
they're helping them out.
Speaker 4 (02:22):
I think one of the big challenges in general with
not being paid is essentially that your whole livelihood is
at risk.
Speaker 2 (02:30):
And he says, look, they know the TSA staff he's
dealing with, buying medicine for family members, gas, pay the rent.
They've got to show up in a clean, non wrinkled
uniform every day. They got to do all that without
a paycheck, And he says.
Speaker 4 (02:45):
We want to sure that food is one of the
things that you don't have to worry about.
Speaker 2 (02:47):
Yeah, So after their shifts, they are lining up like
you would in any shelter and getting food to bring
home to the family, and the food bank says low
that they've got enough food to help out no matter
how long this shutdown goes on. For that they feel
like they're good there, I mean to an extent, but
it won't go on forever, and they feel like they've
the community has come through for them. And the TSA staff,
(03:08):
they say, this is really tough. They've got careers, that
they are hard working, that they thought they had a
good government job, and now even though they're going to
work every day, they're then lining up to get donated
food from a food bank. And that hurts the ego
a little bit that they've got to look for help
and that they're they're asking for help.
Speaker 3 (03:27):
We just don't want this to become a prolonged fight
because we don't know what, we don't know how we're
going to pay to stay in the fight.
Speaker 2 (03:34):
Yeah, and paid to stay in the fight just in
general of gas to get to work and childcare and
all that. But its testimated just in the Bay area
around Oakland, they're seventy eight thousand federal workers and the
food bank is feeding around the three hundred TSA officers
who are there at Oakland. Now. Many of those are
federal workers who don't have to go into the office
right now. If you're the irs, you don't go in
(03:55):
most likely, and it's still going to be tough without
a paycheck, but you're not commuting and a uniform and
having a deal with childcare and all of that. But
those like the FAA and the TSA who have to
go in they say it's it's tough, and they're seeing
it at the Oakland Airport and SFO and no doubt
Lax and John Wayne and Burbank, everybody's dealing with it.
Speaker 1 (04:16):
Yeah, and a lot of TSA are former military. That's
the way the federal government works with respect to offering
jobs and prioritizing. So it's a fair story. This is
a shame and these kinds of you know, show voting
on Capitol Hill do affect actual people and their lives.
That has been in the past. Ways for depending on
(04:36):
the bank you used and whoever you had. You know,
if you went with a Navy, federal credit or something
like that, banks used to work with you and issue
you some credit if you will. If you had a
federal employee, if you had a federal job and you
work for a period of time, you can demonstrate they'd
work for a certain amount of time. I know that
(04:57):
that had happened with shutdowns in the past. Certainly it's
happened with respect to when the government shut down in
Sacramento or when they would go without a budget in Sacramento,
staff would get floated. Essentially loans. It doesn't sound like
that's happening this time, or maybe it's just been too
long and since there's no end in sight, maybe banks
don't want to even offer that.
Speaker 2 (05:17):
Well, I think it's a couple of things. One is,
I'm a member of USAA and you know, which is
typically for military families, And I have seen as I
log into my banking app that it says that they
are giving out they've given out some hundreds of millions
of dollars worth of loans in this moment during the shutdown.
So there is some of that going on depending on
what banks somebody has. But there are a lot of
(05:39):
former military who are in the TSA, but there are
a lot who were not as well, and so they
may have Bank of America or Wells Fargo or one
of those, and it may be a little bit tougher
to get the banks to play with them in that
way if it's just a regular consumer bank. And again,
when you're talking about not making a ton of money,
(06:00):
there may not be a real strong relationship with a bank,
and it may just be kind of living life and
taking care of the kids and then going home, and
they may not have gotten that far. So there are
some were saying, look that they need the help from
a food bank.
Speaker 1 (06:15):
Yeah, and when you mentioned look, TSA have to get
there at three in the morning, for if you have
to be on a six o'clock flight. These are the
kinds of stories that I think the average American responds to.
And so the goal is what to make the phones
ring at the Congression or the Senate office. I guess
it would be to put pressure on everybody's senator to
either sign the CR or reopen the government without with
(06:41):
the concessions that the Democrats are.
Speaker 2 (06:43):
Asking for, or find some way to pay some of
the mandatory workers, the essential workers of TSA, of FAA
law enforcements already getting paid. But we've said it before,
but members of Congress they're getting paid right now. I
imagine if they were lining up to get food. Typically
they have multiple means of income, and then they would
probably do okay during this amount of time. But imagine
(07:05):
if they were in the food line at a food
bank getting beans and rice, and how different that would be. So, yeah,
the ts I'd like to see that, Actually, yeah, that
would not just sho would be a good image on TV. Yeah,
meeting the constituents, but actually needing that food and going
through that line, it would be a different ballgame.
Speaker 1 (07:25):
Alex Stone, thanks so much. I appreciate you always. You
got it.
Speaker 2 (07:28):
Thanks. Look every great weekend.
Speaker 1 (07:29):
All right, So day seventeen and no movement whatsoever. There's
no end insight.
Speaker 5 (07:36):
There's no compromise that anyone can remotely see. Yesterday, Senate
Democrats blocked a government funding bill, blocked a full year
defense funding bill, and they rejected an offer from Majority
leader John Food to give them a standalone vote on
extending the Obamacare subsidies.
Speaker 1 (07:52):
All right, So when we come back, let's break that down,
because there is a way out of this. We could
easily get the government reopened tonight or certainly Monday, but
nothing will happen until Monday. At least. There's no call
for the Senate to even be in town right now.
They've sent everybody home. I'll break it down for you
(08:13):
coming up next. Lou Penrose Info John Cobelt on the
John coblt Show on kf I AM six forty live
everywhere on the iHeartRadio app.
Speaker 6 (08:21):
You're listening to John Cobelt on demand from KFI AM
six forty.
Speaker 1 (08:28):
Lou Penrose Info John Coblt on KFI AM six forty.
Speaker 7 (08:32):
Well, as everybody knows, it's a lot easier to hire
in your own uniform when you're getting a paycheck rather
than when money is out to you and will eventually
be paid to you.
Speaker 1 (08:45):
I love sarcasm. Talking about the TSA employees at the
Open Airport, they lined up at the food bank. The
government shut down day seventeen, so they missed one paid
period and they lined up getting rice and beans, eggs
and some fresh produce. Three hundred TSA employees said that
(09:08):
they live paycheck to paycheck and now are suffering. The
local Labor Council estimates that just in the San Francisco
Bay Area there are seventy eight thousand federal workers and
many suffering without paychecks. Well, this is going to be
a long government shutdown, and some federal employees are really
going to take Some are going to be hit harder
(09:32):
than others. Obviously, a TSA employee that makes twenty four
dollars an hour and lives in Los Angeles or in
the Bay Area, or in New York City, or in
Chicago or some of the more expensive areas of the
country are going to be hit harder than the TSA
agent that is in Charlotte, North Carolina. So that's a reality.
(09:57):
By the way, they're also hit harder in their housing
costs and their taxes. I mean, that's that goes across
the board. I was a federal employees. I was a
staffer for three members of Congress, and like if you're
if you're if you're a staffer for the member of
Congress in Oklahoma, you're well paid and you're living large
(10:21):
in a small town in Oklahoma. That's where you live.
If you're a staffer for a member of Congress and
that member of Congress represents Lower Manhattan, I mean, there's
only so much you can get paid. I mean there
are scales depending on the level of seniority and what
you do. Right, if you're chief of staff, you get
paid a little more than if you're the executive secretary.
But nevertheless, if the congressman is representing Lower Manhattan, you're
(10:45):
broke unless you want to live way the hell out
in New Jersey. So like that's this goes without saying.
This is kind of the way things go. And they
do make federal employees get adjusted for the zones that
they live in but it ain't much and it doesn't
really help you all that much. So it's just hard
to be a TSA agent in the Bay Area all
(11:06):
the time. But one paycheck from the soup kitchen, I
think is a little dramatic. So I don't know who
these people are, I don't know what they're doing. I
don't know if this is a stunt. The idea that
seventeen days ago the TSA agent was well fed and
seventeen days later they're on rice and beans is a
(11:27):
little dramatic, but nevertheless, it's going to be on television
and then people will get their hearts tugged at. And
this is the way government shutdowns usually go. Now I'm
impressed that we're seventeen days into it. All the other
federal shutdowns that I've experienced as a tax payer or
experienced as a federal employee, the Republicans always wound up
(11:51):
caving because they eventually find some woman in Baltimore with
four children. No one knows where the husband is. He's
never on TV, only the woman, and she's like just
some person that works at the Department of Transportation, or
she's a janitor that works in the Cannon House. Office building,
and she's starving to death. And that's probably eight days
(12:14):
into the federal shutdown. She's starving to death, and all
the kids are starving to death. It's lay Miss Roble
in Baltimore. And that's the show. And that show goes
on sixty minutes that Sunday, and by Monday at six o'clock,
the Republican's cave. That's the way all federal shutdowns have
gone in my experience, going all the way back to
the nineties and President Clinton through President Obama. And this
(12:37):
time nobody's caving. But there is a way out, and
there's an easy way out. And really it's up to
five Democrats, five Democrat senators. Listen to the here's the
story on the option. There's no end in sight.
Speaker 5 (12:54):
There's no compromise that anyone can remotely see. Yesterday, Senate
Democrats blocked eight government funding bill, blocked a full year
defense funding bill, and they rejected an offer from Majority
Leader John Foon to give them a standalone vote on
extending the Obamacare subsidies.
Speaker 1 (13:11):
So this is what you're hearing. As soon as the
government was shut down, everybody was going to die, said
the Democrats in the Senate, and then they pulled back
and said, people's premiums are going to double. No one's
gonna have insurance. And then days went by and we
were still alive and we still had healthcare. But the
threat that, oh, these Obama ACA subsidies, they're going to double.
(13:34):
People's premiums are going to double. It's just going to
be horrible out there. And the Republican Senate leader called
the bluff. And by the way, as this was happening,
there are fifty three Republicans in the United States Senate.
There are one hundred senators. You need sixty votes to
end debate and call the vote. You only need fifty
(13:57):
plus one to win, but you need sixty to end debate.
That's a Senate rule and it's been there since like
nineteen seventeen, So it requires sixty. It required three fifths
of the Senate. There weren't fifty, weren't one hundred senators
in nineteen seventeen. But it requires three fifths of the
Senate to end debate because the Senate is an open
debate body and call the question as it's called. It's
(14:20):
called cloture. There you go. Now, you know more political
science than half the faculty of the political science department
at UCLA and the entire faculty at USC But they
need sixty votes. They're only fifty three Republicans. They already
peeled off two. They peeled off the Democrats senator from
Pennsylvania Feederman, and peeled off an independent senator, so they're
(14:44):
now at fifty five. So it only takes five Democrats
and that's it. And all they have to do is
sign off. On September thirtieth life, So the federal budget
that existed, the way the life was going, every federal department,
every agency, all the funding, literally the way the government
(15:05):
was running on September thirtieth is the way it will
be right now. If five US Senators sign off, it's
called a continuing resolution a CR, and it does exactly
what it sounds like it does. It's a resolution to
continue to just keep everything going the way it was going.
Everybody gets paid what they got paid. They don't get
a raise, but they don't get their pay cut. There's
(15:27):
nothing gets cut, nothing ends, nothing begins, no new laws
are passed, nothing happens. Everything is like it was when
you woke up on September thirtieth. That's all the cr does.
It keeps the government running while Democrats and Republicans can
debate and argue and jump up and down and scream
over whatever it is you want to argue about Medicare
(15:50):
for the aliens, Obamacare, premium doubling, ACA, whatever bah ba like.
Everything can be debated, but the government has to be open.
And that's what Senator Thun, the Republican leader, has offered.
He even offered a vote. He said, look, I'll offer
you a clean vote just on the Obamacare provisions, so
(16:12):
that we'll all be on record on whether we want
Americans premiums to double. The ron Obamacare will offer you that,
and Democrats still said no, and we only need five.
My prediction is we'll get those five rather quickly, as
soon as they see the TSA agents up in San
Francisco eating rice and beans. Lou Penrose in for John Campbell,
excuse me, in for John Cobelt on I AM six
(16:35):
forty live everywhere on the iHeartRadio app.
Speaker 6 (16:38):
You're listening to John cobelts on demand from KFI AM
six forty.
Speaker 1 (16:44):
It's the John Cobelt Show. Lou Penrose in for John
Cobelt this week, Good to have you along with us?
Baffles me. How people say they live paycheck to paycheck.
They probably go out and buy a new car every
three to five years. I've got one truck fifteen years old.
I'm gonna keep it until I die. Yeah, I know,
But are you making what the TSA agents in Oakland
(17:04):
are making?
Speaker 6 (17:05):
Okay, now you're boring the crap on it, MA, and
I'm falling asleep.
Speaker 1 (17:08):
I know what this host is so boring. He haint
a damn thing wrong with eating beans and rydes And
sometimes all you got in live are beans and rides
and Jesus Christ. I'll tell you what. So, Scott Wiener,
the Senator from San Francisco, is not waiting for Nancy
Pelosi to retire. He's done waiting. Remember Speaker Pelosi, she
was in the news this week. Shut up. Yeah, she
(17:29):
got in trouble with a reporter there and lost her temper,
And apparently that was enough for Senator Scott Wiener to
reconsider his political plans. Just to bring you up to speed,
there is a new January sixth commission being convened by Republicans.
They say Nancy Pelosi was really the problem. On January sixth,
(17:50):
and the reporter went after.
Speaker 8 (17:51):
Congress on Pelosi, are you at all concerned that the new.
Speaker 1 (17:53):
January sixth committee will find you liable to that day?
Speaker 8 (17:56):
Why did you refuse the national guard on January sixth?
Speaker 1 (18:00):
Shut up. I did not refuse the national guard. The
President didn't send it.
Speaker 8 (18:05):
Why are you coming here with Republican talking points as
if you're a serious journal The.
Speaker 1 (18:09):
American people want to know. We still have questions, thank you.
Oh no, So that little exchange, apparently, according to sources,
was enough for Senator Scott Wiener. Now we hear from
Senator Scott Wiener a lot. He's author of a lot
of progressive legislation out of Sacramento. It gets signed into
law all the time. And he wants to be in Congress,
(18:33):
and he is representative. That's Pelosi's his seat, and he's
termed out. I don't know when his term ends, but
at some point he can't be a state senator anymore,
and apparently he wants to go to Congress. So sources
say that he is running in twenty twenty six, even
if he has the primary speaker Pelosi. Shut up, Yeah,
(18:55):
that's true. So that's going to be interesting. San Francisco's
state senator previously said he would wait for Pelosi to
retire from Congress, but now he's done some internal polling
and it shows that his time is now and that
her star has faded. And he's progressive, far more progressive
than she is. If you can imagine that Scott Wiener
(19:19):
is to he's certainly to the left of Speaker Pelosi.
But today Pelosi would be considered a moderate in Sacramento
terms for the party, the Democrats. So yeah, that's going
to be an interesting little fight because Newsom and Pelosi
are related, I mean literally related, and there's a lot
(19:43):
of Democrat money required to win a San Francisco congressional seat,
and Pelosi not a small player in the fundraising world.
Her father was the mayor of Baltimore. I mean, that's
how far back these political families go. But I have
a few predictions. I think that is right. I think
Scott Wiener will challenge Nancy Pelosi and beat her in
(20:03):
a primary, and I think in twenty twenty six Wiener
will be the congressman. That's my prediction. Frankly, I'd rather
have Nancy Pelosi around because it's just a lot more
fun when she does things like that and we get
to put it on TV and put it on the radio,
and it helps paint the picture of this aging, crabby,
(20:27):
mean spirited Democrat leadership in Sacramento. But I think that
that will happen. I have a couple of predictions. I'm
gonna run these by you. It's Friday, so I'm gonna
throw out these predictions. Again. These are not things I
want to happen, but as a political science major, these
are things that I study and my analytical eye tells
(20:49):
me that they're going to happen. I think Wiener challenges Pelosi.
I think she thinks I can kick this little guy
to the curb, and she is wrong, and he beats her,
and she he moves on to become the congress member
for San Francisco and an unceremonious ending to Nancy Pelos's career.
(21:09):
I think PROMP fifty will pass. I think it will
be approved by voters, but I don't think Democrats will
pick up the five seats that Prop fifty allows for
them to have ease in picking up. Remember there's two
things going on here. Prop fifty allows Democrats to cheat.
(21:30):
It allows politicians Democrat politicians to redraw the congressional boundaries
in California temporarily and in between two censuses. The congressional
lines are redrawn every ten years. Anyway, they have to
be because the census gives us a different number. We
don't know are there more Californians or less Californians. By law,
(21:51):
there has to be a portionment. There has to be
a congressional representative for everybody, and it has to be equal.
Right now, it's seven hundred and seventy thousand Californians are
represented by each member of Congress. When I started working
in Congress in two thousand and two, it was six
hundred and forty six forty. What do you know about that? Yeah,
(22:12):
so California grew from two thousand and two to two
thousand and twenty, and we are now declining, so we're
losing seats. So we will see if that number of
residents of California goes down or stabilize a seven seventy
and then you divide up whatever you know, thirty eight
(22:33):
million Californians divided by seven hundred and seventy thousand, and
that's how you figure out the number of congressional seats.
They are, and that's how you start. And then you
draw lines and you try and keep them community, whole city,
whole community, like, agriculture, whole like. You try the best
you can to keep communities together. Well, the Democrats are
(22:55):
changing all that and literally drawing congressional lines on purpose
to capture where more registered Democrats live, to make it
a more likely Democrat seat, to give a Democrat candidate
in that congressional district and advantage. And they're unabashit about this.
They're not hiding the fact that they're doing that on purpose.
(23:15):
They're saying it's because Donald Trump is a dictator, and
that's the rationale. So they need to cheat to stop
all of America from being led by a dictator for
the remainder of Trump's term, and so that's what Prop
fifty is all about. I think it'll pass, but I
don't think the redrawn congressional lines that will now favor
(23:36):
Democrats will result in a Democrat congress person in those districts.
So I don't think the Democrats will pick up five
seats in the twenty twenty six mid term election. I
do believe that Senator Alex Padia will decide and depending
on how fifty turns out, will decide that the Senate sucks.
(23:58):
I'm in the minority here, I'm Democrat from California. We
don't know how to be in the minority whenever. I've
never been in the minority in my life. And it's
no fun being in the minority, and I can't get
anything done, and I'm just not a very good senator.
So I'm gonna go back to California and be governor
because that's just a lot easier. And then I can
be governor. And I think that's what's gonna happen. I
(24:20):
think Padia will and he can run as a sitting
senator because his term isn't up for another two years,
so he can run and he will either vacate the
seat or he'll just run as senator and he'll win,
and he'll be the governor. He'll be Governor Alex Padia.
(24:40):
And then after he's sworn in as governor, the governor
then has two choices. He can call a special election
for the Senate seat for forty five days, or he
can appoint newly elected governor Alex Padilla will appoint Gavin
Newsom to serve the remainder of his Senate See, that's
(25:03):
my prediction and how Newsom will get away with it
because he's not a person of color. He's a white
male and Democrats hate white men in Senate seats, so
he'll just say, look, I think that this goes against
you my lifelong work of diversity. But I'm only going
(25:24):
to serve out the remainder of Padilla's term. I'm only
going to fill fulfill the goals of my good friend,
Senator Alex Paedias. I'm only just a placeholder. I'll give
up that seat and give it back to the people
of California. I'm just going to be here for two years,
and that will give Newsom the two year separation from
his failure in California that he needs to be a
(25:44):
player on the world stage. And finally, my last prediction
is that Katie Porter will drop out of the race
and teach a law class on workplace harassment. Lou Penrose
in for John Cobelt. I'm the John Cobelt Show on
KFI AM six forty.
Speaker 6 (25:58):
You're listening to John Kobe else on demand from KFI AM.
Speaker 1 (26:02):
Six forty The John Cobelt Show. Lou Penrose in for
John Cobelt all this past week. Thank you for allowing
me to sit in for John. I just got word
that on Monday, California State Assembly Member Carl Demyle will
be filling in for John Cobelt with the latest on
Prop fifty and everything else. Longtime friend Carl Demyle and
(26:26):
one of the strongest voices for sanity and common sense
up in Sacramento, and no stranger to KFI and the
John Cobelt audience. So my good friend and yours, Carl
demayo in on Monday. Jack in the Box is selling
Del Taco one hundred and fifteen million dollars for five
(26:48):
hundred and fifty restaurants. I think that's cheap. I'm a
big fan of Del Taco. I don't prefer Taco Bell,
even though that Glenn Bell is my neighbor in Big Bear,
I don't. There's nothing there that I like. Taco Bell
is a good food, but Del Taco for me, is great.
(27:09):
It's just the perfect price point. It's the perfect amount
of everything, it's the perfect amount of taste, and they
got everything I like. But Jack in the Box is
trying to strengthen its brand and it doesn't need Del
Taco anymore.
Speaker 8 (27:22):
Yes, Jack in the Box is selling its entire Del
Taco chain for one hundred and fifteen million dollars. The
Hamburger brand inked the deal with one of its California
based franchisees, Yadav Enterprises. The group currently owns three hundred
and ten restaurant locations that include Jack in the Box, Denny's,
Tgi Fridays, Taco Cabana, and Nick the Greek.
Speaker 1 (27:41):
Well, it's a real portfolio, got going on. So the
story isn't that Jack in the Box is trying to
strengthen its brand and it's selling off Del Taco. The
story is this Yadav Enterprises. So Yadav Enterprises bought all
of the Del Tacos, all of the five hundred and
fifty restaurant in one deal. Del Taco's second largest Mexican
(28:05):
American quick serve restaurant chain by units. Did you know
that they're like everywhere, They're like the Starbucks of Mexican
drive through food is with respect to the chain, they're
in fifteen states. So I root for Del Taco because
I think the food is good, But you had to
have enterprises. The CEO is a Neil yadav and he
(28:28):
worked at Jack in the Box as a kid. This
is an incredible story. Right now, you'd have aneil of
your d have enterprises, owns three hundred restaurants. He has
El poy Loco. He's got Tgi Friday. He got these
franchisee has known all of them. But he's got a
couple of Tji Fridays. He's got a bunch of Denny's.
(28:50):
He's got Taco Cabane. He's got Nick the Greek and
used to work for Jack in the Box and apparently
knew who to call and said, you know what those
del tacos. And so he went from having three hundred
restaurants now he's got eight hundred and fifty restaurants. Wow,
you'dof ceo.
Speaker 8 (29:09):
At seventeen, he started as a Jack in the Box
fry cook. He made manager in eighteen months, and then
he bought his first store back in nineteen eighty nine.
Speaker 1 (29:18):
Yeah, that's an American story. You can't do that anywhere else.
Only in America can you do that. Only in America
can you work the French fry counter at Jack in
the Box, become the manager, buy a store. And it's
not easy to do because I tried to do it.
I worked at Burger King and I realized, wow, you
(29:41):
can make some money with these things because I worked
for a restaurant group. So we were a franchise, but
the owner owned like eight of them, like he had
a territory. And that's the way that world works. The
Burger King Corporation allows you a territory and they won't
allow other people to buy into your tear. They give
you the first right if they're going to put a
new Burger King up, so you can't invade the territory.
(30:02):
But the guy had like eight Burger Kings and he
was making bank driving around in his Mercedes Benz and
it was a nice guy. I just didn't think he
was a titan of industry, if you know what I mean.
But he had more money than I did, and I said, well,
there might be might this might not be a bad
thing to do. And I looked into a Burger King
(30:23):
franchise of my own this many years ago, and I
couldn't because where I didn't. I don't want to buy
one way out, you know, in Barstow. I wanted to
buy where I live, and that already had a territory.
And believe it or not, it was. Well, maybe I
shouldn't say the name, but the guy that owned the
burger king rights to where I lived was once the
(30:44):
mayor of Anaheim. I'll leave it at that. So I
never did it, but I always wanted to do it.
This guy that now owns Del Taco, he was working
at Jack in the Box, became a manager, bought a
franchise and went off to the races and assembled three
hundred restaurants and now just bought all five hundred and
(31:05):
fifty Dell Tacos. Absolutely unbelievable. That is an American story.
I love it, love it, love it. So it can
be done. You can become rich starting as a French
fry guy at any of these stores. Well, we'll see
if he makes any changes. It seems to me that
if Jack in the Box is selling it and one
hundred and fifteen million dollars does seem low, then changes
(31:29):
need to be made. So I'm not optimistic. I still
regard that Double Dell cheeseburger as one of the best
cheeseburgers out there. In the case of the is are
real good, and Jack in the Box I wish I
wish them well too. I think the ultimate cheeseburger is
the best thing going. Lou Penrose, if of John Cobelt
on KFI AM six forty live everywhere on the iHeartRadio app.
Speaker 2 (31:52):
Hey, you've been listening to the John Cobelt Show podcast.
You can always hear the show live on KFI AM
six forty from one to four pm every Monday through Friday,
and of course anytime on demand on the iHeartRadio app.
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