Episode Transcript
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Speaker 1 (00:10):
This is Made in America with Rich Rothman.
Speaker 2 (00:14):
Hey, everybody, welcome to Made in America. This is Rich Roffman.
I'm your host on the show. And you know, we
talk about the whole point of what we want to
do is really promote things that come first for America
and and you know that hasn't been the case for
the last few years. But we're back, We're excited, we're
doing really good things. We're working hard. It seems like,
(00:36):
you know when we're out there, and I know you
all watch the news and you're watching cable and I
watch all the stuff all the time because I'm in
the media business. But it's not easy. And you're seeing this.
It's not easy to change the way the government operates
or to clean up corruption in the government. That's hard.
(00:57):
It's hard and difficult and challenging to make it happen
in real time. I mean, you see that all the time.
Look what's happening right now. So almost eighty percent of
this country voted for Trump. He won every part of
the election. He won the electoral votes, he won the
popular vote, he won every swing state. I mean, this
is just a remarkable It's not that the Democrats lost
(01:17):
the election. They dramatically lost the election. Kamala, you know,
ran an incredibly bad campaign. She certainly didn't speak well,
she didn't get her points across. The problem is that
they didn't have any points to get across. They didn't
have an agenda to get across. The agenda was really
(01:38):
an anti Trump agenda. So it's like, well vote for us,
because well, we're not Trump, so we're not going to
do what Trump does. And we all know that Trump
is crazy. We all know that he's emotional. We all
know that he shoots from the hip. We all know
that he's a maverick. We all know that he wants
to you know, risk and destroy you know, America in democracy.
So that was the message. I mean, what are you
(02:00):
going to glom onto? What are you gonna So? How
does that help my family? And it doesn't doesn't do
a damn thing for you, except, of course, you know,
to complain and do things about Trump that included you know,
all sorts of problems with the you know, the courts.
Now he's moving forward, he's getting things done. He has
one hundred incredible days that he's signed a ton of
executive orders and he's making things work. He shut the
(02:22):
border down. We don't have the problem the way we
did even a year ago. It's remarkable what he's done.
Inflation is holding right now at about two point four percent.
It was as high as nine under Biden. I mean,
the jobs are now being created, We're doing things that
are really important. And at the same time, folks Adoge
you know, musk In companies so to speak, are out
(02:44):
there trying to save us money and say, well, listen,
you know, I think we can save a half a
billion dollars. I think we could save a half a
trillion dollars, and we're gonna make things work. Now. When
you do that, you infuriate the hell out of the
people who are actually creating the billion dollars and trillion
dollars in using it in all sorts of different ways.
But we don't like that, and apparently America doesn't like that.
(03:06):
The problem is, as you move forward with it, the media,
the mainstream media, you know, the ABC's the alphabet media, ABC, NBC, CNN, CBS,
you know, NPR they got defunded this week. You know,
all these folks, you know, just don't have the message
for us. But the message they give out is how
(03:28):
bad we are and how miserable things are going to be,
and everything's falling apart, and the stock market is crashing
and everything. Oh my god, you're losing millions of dollars.
Well you might in paper. I know people that work
right in my own company have lost a million dollars
in the last month or so. But it's it's come
back quite a bit, and it's going to come back
quite a bit. But you got to go through this
process to get to the other side. And it's not
(03:51):
an easy process. But you've got all those cats out
there trying to fight you and shut you down, and
that's a really hard thing to overcome. So you need
someone who can persevere. You gotta have it. You gotta
have a Trump. You gotta have a Trump. You gotta
have a Trump. You need somebody who can't be bought,
who doesn't care necessarily what the other guy thinks, who's
saying ridiculous things, keeps his eye on the ball, keeps focused,
(04:13):
and moves America forward and first and for America, because
we're all Americans. We want to succeed. Okay, we're gonna
be right back with the show. Don't go anywhere. This
is rich Roffman. One of the most significant icons I
(04:37):
think when I was a kid growing up, and that
was a Corvette in a Corvette. When you say that
word to people, have mean something, and it has a
it has a ring to it, it has emotion to it,
and it sure as hell has speed to it. So
we are delighted to have on the show today Doug Ernest.
Doug owns a Corvette dealership. And and the thing that
(04:57):
caught my eye when I was going through the media
for the last few weeks looking for things that pertain
to America, because after all, we are made in America,
the yard, there was an article out there about a
guy named Doug who has a corvette dealership. I think
you're in Texas. Doug. Let's get you on the show
for a Doug er and to say say hi to
everybody in America.
Speaker 3 (05:16):
Hey, everybody, I'm happy to be with you to voice
my perspective and tell you the truth about what's going
on in America today.
Speaker 2 (05:23):
All right, if we like that, you're in the right
place for that, man, that's for sure. Listen. So, what's
the name of your company? Is Corvette Warehouse?
Speaker 3 (05:32):
Yes, sir, the name of our business is Corvette Warehouse
and we you know, we do most of our business online,
so it's Corvette Warehouse dot com. We're the largest corvette
dealer in the Southwest around the surrounding fifteen states around US,
and we buy all corvettes from the fifties up to
the twenty twenty five. We do a lot of make ready.
We employ a lot of people that are first partners
(05:53):
that make ready these corvettes to put them back on
the road. And we do it before of things new Corvette,
and we put old corvettes back together and put them
back on the road. And get my number ten fifteen
twenty years of life.
Speaker 2 (06:04):
Yeah, in many many ways. You know you talked about
a TV show, So Phil, give us that theme song
for a second, and that's to be my intro. Neltston riddle.
(06:25):
You know, I have to tell you that on a
when I was a kid growing up Douglas a Friday
Night with Sacro saying Route sixty six is one of
the most important shows I ever watched ever in my life.
I have to tell you, I think out of all
the shows that were on TV, that show probably sold
more cars, and it sold more cars decades later because
(06:48):
when my general. You know, well, I'm a kid growing
up in the fifties and sixties. We're watching Rude sixty six.
I'm watching Martin Milner and George Maharis go around the
country in their Corvette convertible. Interesting they had for a while,
they had the sixty two, so it had, you know,
the wonderful back, and it had the earlier front that
was a transition year. And then he went to sixty
(07:09):
three and it came out, you know, with the split
window and the complete you know, sting rate. But I
got to tell you, we grew up and what did
we want to do. We wanted to own a Corvette.
The one thing I wanted to do when I was
a kid, if I had the money, one of the
things I was to do to memorialize what I was
doing in my life was to get Corvette, which I
actually did years later when I started making some serious money.
(07:32):
First thing I did, Doug was I went out on
a Thursday or Tuesday afternoon, and I went to my
local dealership, Bill Kelly, down here in Florida. I brought
my check book, and I bought a Corvette convertible. It
was just the most remarkable feeling in my life, and
I got to tell You've probably seen a lot of
people do that.
Speaker 3 (07:51):
Yeah, absolutely, you know, for me, it's one of these
things where, you know, we get a lot of soldiers
that come to our dealership from Fort Hood and Fort
Sale and they always tell us, you know, this hasn't
been my goal. I've been working in the military for
years and saving my money, and I've been putting my
money to buy a Corvette. And they'll come in and
these kids might be made. I say, kid the ridge
twenty and I'm fifty three. They might come in and say,
(08:11):
I make twenty five thousand dollars a year. I'm an
underpaid E four in the Army, but I got twenty
grand saved because I've been letting the Army paid for
my food and pay for my lodging, and I save
every dollar so I can buy a car. That is
a normal business transaction. At Corvette Warehouse, you get people,
we get law enforcement individus, you get firemen that come
in and say, hey, I've been working my tail off
(08:31):
and I've been living in the four hundred square foot
apartment for three years and saved every dollar I could
to buy this two thousand. Then think for Vet. Another
thing about these cars is they hold their value. If
you bought an O six Corvette ten years ago with
thirty thousand miles, it's worked exactly today. It's not more
what you paid for it years and years ago. So
it's a it's a good thing for our economy, it's
(08:54):
a good thing for the spirit of America, and it's
just something that continues to linger around and drive the
force forward for the inertial forces of our economy and
for the American spirit.
Speaker 2 (09:05):
Yeah, I think it's a remarkable car. You're right about
one thing. I've had a bunch of Corvettes and I've
sold them, and I got to tell you, I've even
had a Corvette for like a year and I sold
it the following year because I wanted to get a
different thing, and I sold it for more money than
I paid for it. And I've done that with three Corvettes.
(09:25):
It just works that way, and antally that, Doug, I
think a Corvette's a great value. Is a great value
for a fast car, for a muscle car.
Speaker 3 (09:33):
What do you think with this type of market and
these kind of cars, with the older cars go up
in value. It's allowed me to make a career out
of this, and I've been doing it thirty years. I've
had the most blessed life until about three years ago
when our business completely crumbled and crashed and we started
losing six figures per month.
Speaker 2 (09:50):
Wow, that's said. What happened to there?
Speaker 3 (09:53):
Oh man, There's this guy named Joe Biden and Camille
Harris that were running the country and they started giving
away the kitchen sink to around the world, and people
stop spending money. And the people that we're spending money
were shifting to the foreign based products, to Porsch, the Mercedes.
And just to put it in perspective, if I wanted
to sell a Corvette to Hong Kong, which is a
(10:15):
big request, we get a lot of China market people
that request the car from us. You want to buy
a car for me, and you want to spend fifty
thousand dollars when you want to take it to China,
It costs you one hundred and twenty thousand to get
that car into their market. But yeah, you can go
buy a China car, bring it over here and only
pay a ten or fifteen percent tar. It was completely unfair.
So it limits us to only be able to sell
(10:37):
our cars in the continental US. You can't spend it
to Canada it's double. You can't spend it to Mexico
it's triple. You can't send it overseas to Europe for
China because it's double in triple. But yet, well, you
get their car over here. You can buy a Porsch
or Mercedes and get a much better value, so the
customer gets more horsepower, more value, better warranty, cheaper parts
(10:57):
because of the trade imbalance, and the people in America
that are selling American cars like us were really I
wouldn't say suffering because we had a good career prior
to Joe Biden being elected, But once Joe Biden got
in there, the trade and bounce became worse. The shift
to the EV, they push the force, push for the
American people to push to an EV with the incentive
(11:17):
and then the better value by buying a foreign import.
It literally destroyed our business.
Speaker 2 (11:22):
We went from making a good v Now I agree
with you on that, and I'm glad you brought that
up because we want to talk a little bit about tariffs.
One of the things you said was on the media,
it was all over the place on the internet. Is
that you know, I own a Corvette dealership and I've
already seen the benefits of tariffs, so it sounds like,
which I am, You are a pro tariff guy, to
(11:44):
make it not anything but fair trade, fair trade. Give
us an Egal shot in your place, and we'll give
you an Egal shot in our place. Do you feel
that way?
Speaker 3 (11:53):
Oh? Absolutely, And this is a perspective when I tell
the show to the book figures. I've been on media
for years and I've been so blessed, and when I
tell people the last few years, yeah, we lost one
hundred thousand dollars plus last month, people are taken back.
They can't comprehend it. They just feel like, how is
that possible? I said, well, it's possible when people aren't
(12:15):
buying cars and I still have an expensive lease and
have employees. My payrolls one hundred and twenty thousand a month,
and I got to pay all the people that work
for us. That doesn't include the make ready of over
six figures a month. So we were losing one hundred
thousand a month month after months of the policies of
the Biden administration, the unfair trade. But here's what had
in November last year, Donald Trump was elected president, but
(12:37):
he was not in office in December, he was not
an offer. We were still continuing to lose money. In January,
he put out a phase policy announcement about the tear if.
It wasn't a shock and all. It was a smart,
layered and calculated terror program that told the world what
we were going to do. They announced it to the
world and it was a slow, calculated rollout that immediately
(12:59):
changed our bits. January was the first month that we
made a profit in three years. That was the start
of it. February it got better March. When we got
to March again, we already had the momentum. People were
calling us that had left our left us years ago
and said, hey, I was the Forest customer. I was
a Mercedes customer. You know, most of these cars were
(13:20):
made in Europe. They had come to us and said, hey,
you know, well it's going to be hard to get
parts with the Forest and the Mercedes down the road.
We're not going to shift to you and give you
a shot back. And our customers started coming back to
us well right after that. In March, put out you know,
Liberation Day, and it shocked the market that one day
and the stock market made a temporary correction. Now it
(13:42):
went way down, but it went back up about halfway
that week. With the stock market made that temporary correction,
the news, the legacy media was telling us it was doomsday,
it's the end of the world. Things going, and we
had we had the best week in the history of
my day business. We sold three corvettes that week. We
(14:03):
had people waiting in line to buy the same car.
We had an immediate shift because the American consumer understands
that we're putting America first and they're going to buy
an American product, and we embody what the American product
is with the iconic product that we sell, and we
immediately had a shift in our business. We set a
record and sold twenty three corvettes and March was the
(14:25):
best month on history of my thirty years of doing this.
Speaker 2 (14:30):
That's remarkable. That's just a remarkable. So let me ask
you a question. Out of all the corvettes that are
out there and you have them, what was the first
year fifty.
Speaker 3 (14:39):
Three, Yes, sir, fifty three. They made three hundred units
and it's estimated that two hundred and twenty four still
exists and only about one hundred and eighty of those
in the United States. The others are abroad and other nations.
Speaker 2 (14:52):
As we speak, we're on the phone right now with
Doug Ernest. We're talking about corvettees. He's mister Corvette warehouse
in Southwest Texas. We're all Corvette folks here, were very
excited about what he does. But there's something else that
he does. First of all, he's a true patriot to
this country. He's really Captain Douglas Ernest. He's retired and
he served this country on the front line of America
(15:15):
of the Operation Desert Storm, which is one of the stories.
I actually watched that on TV when they were doing
that as a US Army infantryman and graduated from Texas
Christian University, has a bachelor's degree in finance and real estate,
and he knew that when he got out he had
the skills and the temperament that was important to build
a successful company, which he does. But Doug has also
(15:39):
written a book, The Spirit of a True Patriot, The
Inspiring Story of Retired Captain Douglas J Ernest. And this
is an important book, and I want Doug to talk
about it because it's more than an autobiography. But listen
to this. All the royalties and all the profits from
the book that he makes goes to veterans groups, and
(16:00):
you can't be more of a patriot. That's just a
remarkable thing that he does. Doug, Welcome back to a
maid in America. So you give us an opportunity to
learn a little bit about your.
Speaker 3 (16:09):
Book, all right. The book is the name of the
book is the Spirit of a True Patriot. And you
can go to the website Corvette Warehouse dot com and
click on meet the Owner and you'll have a link
to buy the book, and there's more information to the
website that kind of gives you a breakdown by chapter
by chapter. But as you said, I was so blessed.
I was so privileged to serve and have the best
(16:29):
mentors and the most best awesome leaders in my country.
I've been extremely blessed. I've been led by infantrymen, armormen.
I've sermed it support units where I was led by
females that you know at first, because there's no women
in the infantry and armor back then. And I go
to a staff unit as they call it, and work
(16:50):
at a brigade center, and I would be reluctant and say, God,
it's going to be you know, it's going to be tough.
And I come from the infantry, and now I have
several women that are my boss, and they're running around yelling,
yelling and screaming at me and telling me what to do.
And that was one of the best things that ever
happened in my life. It taught me how to get
along with everybody and do as I'm told. I have
(17:10):
been so blessed. I've been mentored by generals, I've been
had the best career you could possibly imagine.
Speaker 2 (17:16):
Now.
Speaker 3 (17:16):
I learned a lot of secrets and tactics and strategies
when I was in the military, and that's how them
have a good life, not just to make money, not
just to have this great life about having a good business,
but how to be happy with your family, your health,
and your wealth. And I write about in them the book.
I take these strategies that I was taught and I
was blessed to understand. I don't even call them secrets
(17:36):
because you can get access to this information in books,
but I put it in a book with a synopsis
of how do you have a good family life? How
do you be a good mom and dad? How do
you take care of your health? How can you be
fifty sixty seventy years old and have the same weight
you had when you were in high school? How do
you stay healthy? How do you do these things that
are doing good for your life? And then also to
have a good life, and how to take care of
(17:57):
your business, because I believe you can have it all.
You can have a great you can have a great
health life, and you can also be wealthy at the
same time. Now with that being said, well, my business,
my goal was to get the cars. I never imagined
twenty five thirty years later that I would have one
hundred and two hundred four. Now that's not me. I
(18:18):
did my job. I did work, But that's that's the
people that supported me. I've always been given the bene
the Road's always been paid for me and my journey,
and I've been blessed every time I had to go
serve or got called up the mobilized in the army.
People took care of my stuff at home. This is
my chance to give something back. I write this book
(18:38):
and I give all the relatives to veterans groups because
some veterans have been left behind. So a lot of
my sisters and brothers and don't have the benefs of
what I've had. Some were left behind. The government didn't
have the resources because they squandered those resources and gave
away the kitchen, sent to other parts of the world,
and they didn't plug in the VA. Especially in the
last three years. They came back from theater of war
(19:00):
and they did not get served well. And they're addicted
to drugs or addicted to alcohol, or they have health
and mental issues and PTSD. And I believe something else
has to be done because we owe it to these
patriots to take care of them that so they go
serve in the theater of work. Curc you to buy
the book, pack this opportunity to buy the Spirit of
a true Patriot. That a little bit of money you
spend in the book will hopefully give you some pointers
(19:22):
on life, on how to make your life happy. If
you love one thing, it's worth the money and all
the proceeds go to the Veterans Group to help those
in needs that deathperately need your help.
Speaker 2 (19:30):
Well that's a really, really good thing that you're doing,
and I know that we appreciate it. So Doug, thank
you for being on Made in America. Don't forget everybody,
Corvette Warehouse, go look it up on the internet. We're
delighted to have Douglas here. And don't forget get a
hold of his book, The Spirit of a True Patriot,
because he actually is. Doug Thanks for being Unmade in America.
Speaker 1 (20:05):
Promoting American industry. This is Made in America with Rich Rothman.
Speaker 2 (20:11):
This is the week of well, it doesn't stop. It's
been tariffs and tariffs and tariffs and pros cons and
all sorts of hysteria that's out there about it. Interesting
conversation though, but also this week, you know, some interesting
payroll stuff came out and we've got to keep an
eye on that because what we're hearing from so many
people is that, you know, Trump's focus on tariffs is
(20:33):
going to erode you know, you know, payrolls, it's going
to erode the economy. It's gonna you know, reduce manufact
I'm hearing all this incredible stuff. Of course I didn't
hear it during the Biden situation. I'm hearing it now,
and that manufacturing is going to go away. We're not
gonna have any money. Inflation is going to come back.
They use the recession more dramatically over the last few
(20:53):
weeks that you know we're going to go into recession.
We expected recession, which may or may not mat I
realize it may not now at this point, but we
certainly had some interesting payroll growth and discussion coming out,
and I think this is really important to discuss and
as that relates as well to the terrors which may
not be hitting yet. So all right, right now we
(21:14):
have Sean Higgins, and Sean is with a Competitive Enterprise Institute,
and over the years we've had so many people come
on the show Made in America from the Competitive Enterprise Institute.
So I want to welcome Sean. Welcome to Maid in America.
Speaker 4 (21:28):
Thanks for having me on.
Speaker 2 (21:29):
Rachel, I'm glad you're here, truly, So let's talk for
a second. You know, what were the payrolls came out
this week, the numbers that came out at the end
of the week. So what were you anticipating, Sean before
they came out.
Speaker 4 (21:44):
Well, the estimate for most of the sort of economists,
if you look at read like places like the Wall
Street Journal, was going to be one hundred and thirty
three thousand new jobs added. The numbers actually came out
one hundred and seventy seven thousand. So that's where we
are at. One of the interesting things. There's a couple
of different factors here, and a lot of sort of
movie things, but the bottom line number was it was
(22:06):
better than people expected.
Speaker 2 (22:09):
Well yeah, I mean I was I thought were going
to We're going to, you know, take a dump. I
thought that we were going to go down.
Speaker 4 (22:15):
I was.
Speaker 2 (22:16):
I was listening to some of the media and they
were just so negative about what was going on, and
it didn't. Why do you suppose it just didn't go
the way they thought it would.
Speaker 4 (22:25):
There's a couple of factors. I mean, one of the
things is that the emper there were any layoffs related
to the Liberation Day tariffs, they may not be showing
up in the data yet because a lot of employers
use bi weekly and monthly payroll, so it may not
be filtering in. There's also a sort of ironic factor
is that the administration's effort to sort of trim the
federal workforce is facing a lot of resistance from the
(22:48):
unions and from the workers themselves. And thus far that's
netted about twenty six thousand jobs, but the number may
actually start to get larger and then coming weeks in months,
because a lot of those people who are technically considered
to be working are actually on leave or just sort
of extended sort of disability type things where they're being
(23:09):
paid but they're not really working anymore and they're effectively
laid off, but they're still technically counted as working. So
the doughe treating the government thing is only twenty six
thousand jobs that's expected to rise, and this is still
just a lot of uncertainty about whether how permanent the
tariffs are and businesses are holding off. It's thought making
a lot of sort of decisions at this point as
(23:31):
what they're going to do because they don't really know
what the future holds at this point.
Speaker 2 (23:35):
So but you're right, they don't know what it's going
to hold going forward. But I want to get back
to this thing I said before, you know, they were
concerned and the folks out there that do this conversation
that you know we'd be heading into a recession. I mean,
you heard that word a lot, an awful lot in
the last few weeks. And what are these numbers, you know,
(23:55):
really say about that? At this point, it's a little
bit more resilient. You think.
Speaker 4 (24:00):
It's more Yes, I mean the economy, the government, thankfully,
the workforce, thankfully, is more resilient than people expected to be.
I mean, economy chugs along. Employers need people to work
for them, so they're still doing so, they're still hiring,
and there's still some optimism out there. Again, there's just
a big sort of question mark hanging over things, and
people really don't At this point, we're still at a
(24:21):
phase where we don't really know what the actual official
federal government policy is going to be. But in the
long run, that's probably not a good thing because businesses
require least some understanding of what the landscape is going
to be in the next coming years and months. That's
how they plan and predict. So there's basically we're probably
still a month or two out from really understanding what
(24:43):
the impact of all this stuff is going to be.
Speaker 2 (24:47):
That's true. Okay, So let's talk about some of these jobs.
Where do these jobs come from. It's always interesting to
see where they come from and how they dovetail what
we're anticipating, where the market's going to be growing or
not growing. So these jobs come from.
Speaker 4 (25:02):
Yeah, well, the employment tended to grow in healthcare, transportation, warehousing,
financial activities, and what's called social assistance. So you know,
you saw things like, for example, in warehousing, that's the
expansion of Amazon and other mail order companies coming in transportation,
and we still have you know, the supply chain is
still very important and trucking getting stuff and the logistics
(25:26):
is still a very important thing. So that's where we're
seeing the growth is in these sort of fields.
Speaker 2 (25:30):
Well, yeah, it's very interesting to say that because you know,
we're in South Florida. Florida is a very logistics oriented
environment because we're a very trade trade oriented environment. But
what we're seeing down here and I own well currently
I own two magazines, core Gables Magazine and core Gables,
but I also own Global Miami. I've owned Latin Trade,
Latin CEO and South Florida CU and others. But we're
(25:53):
kind of tuned into the international, pan hemispheric look here
in South Florida. The big push in South Florida's logistics,
the big push is onshoring, near shoring, you know, manufacturing
free zones, the ability to get a product from A
to B efficiently. To that point, we have every major
(26:15):
logistics firm based in having a base in South Florida.
The numbers at our airport, for example, are huge. We're
in the top three of almost anything in the world
and certainly in the United States, particularly as it comes
to international cargo and international travelers. But the big push,
the big look right now, and this is from here
to Baranca, Columbia, to the Dominican Republic. My god, you know, Sean,
(26:41):
the Dominican Republic, which is only two hours from Miami,
is trying to set itself up as a logistics center
of the Caribbean. Now, why is that? Why is that
a good thing? It's a good thing because it's only
two hours from Miami by air. It's only about a
day and a half if you go on the sea,
on the ocean. Not a big deal. And they created
a P three that's pushing exactly what we're just talking about.
(27:03):
They're they're revamping their airports, they're revamping their warehousing. Because
they build a warehouse and it fills out, they're like
ninety nine percent full. It's an amazing business right now.
Companies like FedEx and others have put millions and millions
and millions of dollars and contributed to this P three
that was put together. And so what are they trying
to do. They're trying to get products entering on the
(27:25):
East coast of the United States as quickly and efficiently
as possible through the Greater Miami Customs District, which runs
from obviously Miami right up to the Port Palm Beach.
And so when I look at these numbers, I'm saying, oh, wow,
so where is this really going and where are the
you know, the jobs being created. It looks like transportation
(27:46):
has to be on a top list, and warehousing is
just I mean, warehouse is enormous down here, and it's
enormous in places like Mexico, it's enormous in Texas, it's
enormous in the Dominican obviously, because they're revamping all the
real estate around airports. In Miami, we're going vertical. We're
now building vertical cargo areas because we don't have the land.
(28:08):
You know, we're a thin strip of land. You think
about it. So, now that I said that and dominated
this thing ridiculously, apologize, But you see that there seems
to me a linkage that where the jobs are being
created or where we need to be to sustain the economy.
And logistic economy. What do you think.
Speaker 4 (28:26):
I think you're absolutely right. Logistics is one of the
big growth areas, and it's because we are shifting more
to this sort of mail order people purchasing their own things,
rather than away from the sort of traditional brick and
mortar stores. I'm assuming that part of the advantage of
the Dominican Republic is its location and its ability to
reach not just the US but other Caribbean places.
Speaker 2 (28:45):
And absolutely it's stress central. It's remarkable, right.
Speaker 4 (28:51):
It's the same reason why in the States, for example,
Tennessee is one of the big logistic states because it's
so centrally located in the US and can reach all
the other states more quick I mean, if you're there
as supposed to say, being on one of the coasts
or something like that. So yeah, no, that's definitely there,
and I would expect that probably construction probably comes into
that too, because as you say, I mean, they're just
(29:11):
needing more warehouse space and they're doing things perfectly now
they have to, and that's an interesting sort of wrinkle.
So yeah, that's one of those big things. And as
that you know, that's and that's one of the things
that's actually benefiting the administration. The reason why the jobs
numbers are better is just simply become me to a
certain extent, grows and does what it's going to do
on its own, regardless of what Washington and the policy says,
because people need the things that they need and it's
(29:33):
going to be growth there, sort of regardless in some
of these cases of what the policy is, because just
economy self demands it.
Speaker 2 (29:42):
Yeah, I agree with that. Now, healthcare is intriguing to
me because South flow. One of the socioeconomics of South
Florida is healthcare tourism, and we are huge in the
Americas for bringing folks other countries into the United States
(30:02):
and providing dramatic healthcare. It's a big economic generator, it's
a big employment scenario, and it brings a lot of
money into the area. So I'm very interested to see
that healthcare is one of the major areas because that's
it's a very very major component. So all right, so
where do you think this is going to wind up?
They ask you a question. Here's a good one. If
(30:24):
in fact our numbers were better than they were, has
that affect the FED rate?
Speaker 4 (30:30):
Okay, now, now you're asking me a tough question because
it's the one thing everybody wants to know about when
the jobs numbers come out, and so one thing that
basically I have to be perfectly candid and say that
it's a guest when when somebody, when somebody tells you
to this, if they're being completely honest, you know, sort
of the thing is the federal reserves and a sort
(30:51):
of damned if they do damned if they don't situation
right now thing. If they lower the interest rates, they
could possibly work worse than inflation. If they raise the
interest rates to fight inflation, that could possibly shrink the
economy and hurt the job's numbers. So I don't know
where they go from this point, and I don't envy
them having to make that decision.
Speaker 2 (31:10):
Yeah, it seems rather tough going forward. But all right,
So Sean, and if we have about what thirty seconds left,
any final comment you like to make where you think
this is going to head up next month.
Speaker 4 (31:22):
Well, it's going to be the thing that's going to
be interesting to watch about over the next like two
or three months, is you know, the actual the federal
jobs numbers, because that's steadily, steadily increasing and it hasn't
factored too much into these reports yet, but it's going
to start to grow pretty pretty rapidly. I think once
these people who are currently sort of furloughed or but
still receiving pay actually start to legitimately drop out and
(31:45):
start stop receiving pay and stop showing up in these roles.
So we're going to start seeing that take an ironic
kick out of the job numbers, and it's going to
hurt the administration in that sense because it's going to
make the job numbers look worse than they worry, even
though it's primarily federal government.
Speaker 2 (32:00):
Yeah, that's true. Okay, well listen, Sean. It is just
delightful to have you on the show. I'd love to
have you back as soon as we can. That'd be great.
Just a big thank you, come back soon.
Speaker 4 (32:16):
Thank you. Have a good one.
Speaker 2 (32:17):
We'll be right back with Made in America. This is
Rich Roffman. I'm your host, and it's been an interesting week.
I got to tell you that, you know, I'm still
(32:39):
so hung up in talking to people about terriffs because
some people are very very emotional about it, and they're
saying that this is the worst thing that you could
ever have and it's going to destroy our economy. And
you listen to Chuck Schumer and the crazies on the left,
and they're telling who the world's coming to an end,
and you know, we're out of control and we're destroying
the you know, we're giving up this country to the Oligarts,
(33:02):
which I find ironic because one of the oligarts are
actually Democrats, you know, particularly out in the technical fields
out in California. But then again then you run into
people like you know, Doug who was just on the
show from Texas and a Corvette warehouse, and you know,
and he's saying, well, wait a minute, you know, Doug Ernst,
(33:25):
You know, I'm saying things better. I think it's a
much better opportunity. And he made a point in Ilean
to make that point again, and that is that we
cannot get our products cleanly and easily into many countries
around the world. You just can't do it. The tariffs
for our products to get into China, to get into Brazil,
(33:49):
for example, in other places in Latin America, to get
into Europe. I mean, my god. And he's right. It's
easy to buy a Mercedes Benz or or something from
or a BMW here or a Korean car like he
or something like that, than it is for us to
get our products into those countries. And it's very very unfair.
Speaker 5 (34:14):
You know.
Speaker 2 (34:14):
In some cases, you know, a five thousand car becomes
a ten thousand dollars car, a ten thousand dollars car
becomes a twenty thousand dollar car. Harley Davidson in Japan
is much more expensive than it is here. Why because
you can't bring it directly into Japan. You got to
take it apart. You have to reassemble it so it's
assembled in Japan. There's a cost to that. It raises
(34:34):
you know, four or five thousand dollars per unit to
get that product. It's not easy. So something had to
be done to get it right for us, for the
manufacturers here in the United States, and at the same
time to encourage encourage more manufacturing in the United States.
What does that do? That brings about better tax base,
that brings about more employees, That increases the economy in
(34:59):
the cities and the eights and so forth that that
are having these manufacturers, Like we were just talking about
Tennessee in the last segment, and uh, Tennessee has a
number of foreign companies. Volkswagen is in Tennessee. We discussed
Volkswagen years ago when they were having a union vote
and they kept turning down the union and the union
(35:19):
kept going for another vote. And but you know here
you have, you know, a German car manufacturer in Tennessee
building their cars, and but they're here, built in America,
and they don't have they don't have the terror problem.
So it's very very interesting. I like to play a
sound bite. Number one. Uh, some of the senators are
(35:40):
speaking out on terrors. So let's hear what some of
our favorite senators have to say about it.
Speaker 5 (35:46):
They have to have the US market. You've got over
eighty countries now, and China being one of them that
are in talks that are ready to make a deal.
Speaker 6 (35:57):
We need to call their hand and slept in the
people Pluto. Until they short a body by fair trading rules,
China will ultimately have no choice.
Speaker 7 (36:09):
China has been waging a trade war against the United
States for decades. Donald Trump is simply trying to fight
back on behalf of Americans.
Speaker 2 (36:17):
Well, that's about right, and so that's exactly what's happening.
You know, you had Marsha Blackburn on in the interim
in there, and then you had from Louisiana Kennedy. Senator
Kennedy was there and he spoke up and it of
course has a unique way of speaking. But yeah, you know,
(36:39):
you've got to do something about it, and you've got
to equalize the field and narrow it out. Interestingly, China's
already you know, we've been going pretty vocal against China
and trying has been going pretty vocal against us. And
we also know that Gjenping is in a hot seat
right now because his economy's not doing that great in
China and someone's going to get blained. He's the guy,
(37:01):
and so he needs he needs to be strong. He
can't look weak that if he's too strong, then nothing's
going to occur in something. I think everyone's looking for
an off ram one. You know, j Jenping doesn't want
to lose his job or get killed h And we
want to find an off ram so that we can
move forward with business and make it right. So you
(37:22):
know what, let's listen for a second to what Gordon
has to say Gordon Chang on Fox just the other day. Number.
Speaker 8 (37:27):
I think it's because Cadrian Ping has staked his legitimacy
on having surpassed the US, and so it's very difficult
for him to then say, oh, we're bowing to pressure
from President Trump and we're going to talk about tariffs
and other things. So I think he's boxed himself in.
But in general, since he's become China's ruler in late
twenty twelve, he has made the hostile, made the political
(37:50):
system hostile, where only the most belligerent answers are considered
to be acceptable. So he is a very very thin
line which he can walk right now.
Speaker 2 (38:00):
Yeah, and so that's going to force the Chinese to
be a certain way. I mean, obviously they've been very
very vociferous in what they want to do or not do,
and they can't look weak. That's not going to happen.
Gjmping can't do that. So you're going to hear very
strong statements from the Chinese. What's interesting is that the
Chinese are not putting tariffs on a number of products
(38:25):
you know, in the coming in from the United States
right now, and you're not hearing that from a lot
of the other media. You will from the right wing media,
but you won't hear it on the left. But there's
already been a relenting from China. Let's listen to number
three for a second. We'll find out just what is relenting.
Speaker 8 (38:45):
What China has done, which we learned from both the
Reuters and the Financial Times reporting yesterday, is that there
are no tariffs uncertain categories of US goods, so for instance,
aviasian parts, some semiconductor's, medical device, medicines, industrial chemicals, things
that China can't get elsewhere, and they're just coming into
(39:05):
China tea free.
Speaker 2 (39:09):
So if he has the average the average person out there, well,
do you know that China's already relented and we're not
having terrors on a number of products. And they're not
going to know that because they're not going to hear that.
You're not gonna hear it on CNN. You know, anything
they can do to make trumpel a horrendous So they're
going to leave that part out. But you have to
stand your groundy. I think that's what it comes down to.
(39:31):
You have to stand your ground to uh to see yourself,
you know, through this situation. But I think in the
long run, I really think that, you know, that's the
way to go, that's where we want to be and uh,
and I think ultimately, I think ultimately, you know, the
world's going to succeed, not just you know us, but
I think the world's gonna succeed. Yeah. Well, what's interesting
(39:57):
is that if you look at the job creations that
are out there and the payroll that grew one hundred
and seventy thousand, one hundred and seventy seven thousand new jobs,
it's very, very intriguing and it's wonderful, you know, in
the last month, but you got to look where the
jobs are. So you know, if you think about it,
you know, healthcare is very important. We discuss that with
Sean from the Competitive Enterprise Institute Shawn Higgins. We're talking
(40:22):
about again, we're talking about transportation and we're talking about
you know, logistics and things that make sense from that perspective. So,
you know, I think it really dobtails where the market's going.
What we're trying to do is improve in certain areas,
making us of much more resilient economy. So healthcare, transportation, warehousing,
(40:45):
financial activities because you need that to do all the above. Warehousing,
you watch warehousing, warehousing and construction of warehousing is going
to grow over the next few years. It's going to
grow over the next few years because we can't have
logistics success without having warehousing. We can have logistics success
(41:05):
in a fluid flow of products without having free zones.
Free zones help you to avoid tariffs and increase the
ability to do trade. So you watch that part. I'm
telling you the warehousing and the construction of warehouses is
going to be a really important part of this economy.
So keep an eye on that. And finally, of course,
(41:29):
Doug Ernest from the Corbette Warehouse in Texas has his
book out The Spirit of a True Patriot. I really
think you should get out there and look for that
on the internet. He said, if you go to Corvette
Warehouse dot com, you can purchase a book. You know what,
why don't you go online and buy his book. He
gives all the money away, He gives it to the
veteran groups. It doesn't get any better than that. You
(41:51):
want to help the world, You want to help this
United States. You want to help the guys and ladies
who actually support and protect the United States. Go buy
a book from Doug final comn You know, we did
ask somebody a few weeks ago if they were in
favor of the daylight savings time. And we got a
nice response from Jackie Durand from the Michigan area, and
(42:14):
she said, I love it and don't want it to end.
And when you jokingly said it stays dark until ten
o'clock at night, you were telling the truth. For northern
Michigan on dayly savings time, it gets dark at ten
in the summer. I'm in favor keep it. And that's
Jackie Durand. I'm sure she's listening today. So Jackie, thanks
for writing in and getting pretty vocal. Thank you so much.
(42:35):
We're looking forward to seeing you right here on MAIDE
in America next week.
Speaker 4 (42:45):
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Speaker 7 (42:49):
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Speaker 1 (43:41):
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