A Faustian Bargain

Published May 8, 2024, 4:26 PM

Hour 3 of A&G features...

  • College Campus Protests, NYC Mayor Adams pushes back, Fetterman surprises...
  • An irrefutable fact about a pop star...
  • Biden's stance on Israel...
  • The housing market remains impossible. 

From the Abraham Lincoln Radio Studio at the George Washington Broadcast Center, Jack Armstrong and Joe Getty Armstrong and Getty show.

It's the Free Palestine chance. But where it is is interesting. Those are protesters channing free Palestine while vandalizing a World War One memorial and burning a US flag in New York.

Absolutely lovely.

Defacing war memorials and burning flags. Our college students being taught to hate the United States. But there is hope, friends, for a number of reasons, including the fact that the vast majority of Americans do not support the dope college students and their Marxist handlers at all. And also there are some interesting leaders standing up and being counted and standing up.

Against this stuff.

I got some polling on where people are currently on the whole protest thing and everything. Let's hear what happened at George Washington University overnight.

Today is victory in Europe.

To day after today, students and faculty here at the George Washington University might be calling it victory in George Washington day. We're about four blocks from where Peter is at the White House. All has come here outside the encampment, but a far different story at three point thirty when the decision was made to clear the encampment, police had to use oc spray or pepper spray. In fact, our cameraman ed got some of that. We just down winded that the encampment has been shut down for now. We just saw a large truck roll in, presumably to get rid of some of the tents and maybe some of the MacBook pros that are inside there.

Yeah, they use pepper spray to get those kids out of there, which just babbylon b headline came across yesterday. Ben and Jerry's has introduced into a fun new flavor, pushed the Jews into the sea salt and carmel.

Wow, Oh man, are they good?

Yeah? That is pretty good. But what did I come across this? This this college. So he's ahead of one of your top journalism schools in America, and he was complaining about the fact that I didn't sign up to be at an elite school to be part of suppressing free speech and blah blah blah blah. And that's a guy that runs the journalism department. Wow, pretending that all the mayhem was just free speech. I'm sorry Columbia, don't remember which it wasn't Columbia is the one of the other.

Top journalism schools.

Wow, but he's the head of the journalism department, you know, conflating free speech with you get to all for the death of Jews and break things and occupy buildings.

At all the campus to prevent people from going to class. Yeah, just horrifying.

But anyway to the desecration of the war memorial and everything like that, here's Democrat Mayor of New York Eric Adams, really.

Not happy of the desecration of the war memorial.

Uh.

You know, these memorials mean a lot to our city. To vandalize it in some of this action, this anti American action, it bothers me. And I'm just not going to sit back and act like it's not wrong. You know, when you have flyers that state, you know, destroy America. I thought this was about peace. What am I missing here? And so we're going to continue to be professionals. We're going to continue to protect the city. And protecting the city is not only from physical damage, it's also protecting what we represent. And I'm going to consider you to be voice of fious about that.

He said, at some point.

I know it's not popular in some quarters, but I love this country, which the fact that you have to qualify that before you say it is disturbing.

Not only that, but we're so close, he said, they're passing out pamphlets saying tear down America. I thought this was about peace. What am I missing here? Marxism? That's what you're missing. You're missing the umbrella over all of this. It's all about tear down the system. They just used different excuses on different days.

Yeah.

Him saying last week that are young were allowing our young people to be indoctrinated and radicalized, that we need more leaders, especially on the left, saying that out loud.

Yeah, I would agree completely.

So.

Brett Beherr on Special Report last night on Fox News had John Fetterman on the behoodied, bald headed senator from Pennsylvania who we've been pretty tough on for legitimate reasons. A couple of observations before we dive into what he said. As a guy who's spent a fair amount of time doing some fundraisers for the American Heart Association, specifically stroke prevention, his recovery, which is still ongoing, has been pretty good and the device he uses to translate verbal speech into written speech because his brain can comprehend that more readily is fascinating to me. And just the breakthroughs in stroke treatment and all are exciting. And as a guy, you know, he's been fighting high blood pressure my whole life. As I move into later middle age, I'm really excited about better treatments and prevention for stroke. But anyway, having said that, he lately has just been a rock for reasonableness in the Democratic Party.

He's also pulling twenty points ahead of the president in his home state.

So he went on a bit about he's not sure what they're protesting. Hamas is engaging in a successful pr war and swaying these kids.

But we'll go clip eighty four. Michael, some of the.

People funding some of these protests are also some of the President's biggest dollars. Well, I don't I don't really care who's funding it. It's just like, but it's the Jewish Voice for Peace and the other ones. They try to pretend that they're like some grose sni grassroots kind of thing, and it's not. You know, they're paid. And I have said this, I don't care if you're a protester, paid or not. You know, if you've got to protest anything, you should be protesting against Hamas and demanding that they take the cease fire or they can just send all these hostages back home.

You know, why aren't ship protesting Hamas?

You weasels well, because that wouldn't do any good for the Marxist purposes. Saw this piece in the Wall Street Journal opinion section by Paul Alavasados, who's the president of the University of Chicago, which is a hell of a prestigious university still, and he's explaining why he ended the encampment that occupied the quad for more than a week and they went ahead and did the negotiating with the kids thing for quite some time. In reading his piece, I get it, and I don't dislike his reasoning honestly, and I thought I would. It's a bit of a stretch, but he said, he explained that we had substantive dialogue, difficult moments, moments of progress. The student protesters made analytical arguments, made powerful statements, faculty and liaisons made some important contributions, and the idea of the fact that they got together and talked like adults pleases me. I don't think that's a bad thing.

Now.

He tolerated the blockade of the clock quad longer than I would have. But then he said, so why didn't we reach a resolution? Because at the core of their demands was what I believe is a deep disagreement about principle, one that can't be papered over with carefully crafted words, creative adjustments to programming, or any other negotiable remedy. The disagreement revolved around institutional neutrality, a foundational value to the University of Chicago, which is one of the leaders in this thinking. It's a principle animated by the idea that authority can't establish truth for an entire institution dedicated to truth seeking. Rather, it is the imperative of individuals to seek truth without being limited by authorities.

In other words, the University.

Of Chicago is not going to take an official stance, so stop asking.

So I found that tweet about the journalism professor. So this is Professor David Bernstein's complaint about this, saying, this is a chaired journalism professor at one of the two most prestigious journalism schools in the country. This is his objective journalistic take on the University of Chicago College Joes just mentioning removing an.

Illegal encamp after multiple warnings.

This is what the professor of the journalism school at the University of Chicago's own negotiation.

Right.

When people accept the job of university president, are they told one day you will be activated as a sleeper agent or have to go to war against your own students and the interests of the empire.

Because that's what's happening. Oh, that's not at all adolescent hyperbole.

He runs the journalism department and one of the best journalism departments in America. And that's his unbiased journalistic view of what happened at his college.

Which is not the least bit surprising to me, because the kids are not an aberration. They are doing what they were taught by guys like him and have been for a couple of generations. Now, the kids are not fighting against the evil conservative university. They're doing what they were taught and thinking what they were taught to think. Remember, universities don't teach you how to think anymore. They teach you what to think.

And I'm sure the acceptance rate for journalism school the University of chicag goes like five percent or something. If that high, one day you'll be activated as a sleeper.

Agent in the interest of the empire.

That's who's teaching our next uh generation of journalists.

Wow.

Well, like I said that whole philosophy, that journalism should not be about seeking the truth and reporting on facts. That should not be what you do. You should advocate for something. That's what journalism is. Those kids didn't make that up. They were taught it by guys like this. We so need to clean out the university system top to bottom and rebuild it.

So Apple introduced some new products yesterday. I wanted to ask a question about one of those we need to talk about.

As what was we going to talk about something we're going to talk about? I don't know.

Maybe a worm is eaten part of my brain. It's possible, like RFK JR.

Well, and you are just deliberately avoiding the fact and the story, the shocking story that Taylor Swift is a Satanist clone.

Hadn't heard that. They've got a pretty strong case, jack.

Us Travis know that that's the question. All that on the way, stay here armstrong.

Prussian President Vladimir Putin was inaugurated today for another six year term. Putin sailed to victory after his opponent dropped out of a window.

I don't know, so.

I was watching the ceremony they had there as he took his sixth term, and the religious trappings of it were sickening.

Oh, I mean having.

Him be in that big I don't know if he was actually in one of those churches with the big balls on top, which I've seen in person and they're pretty spectacular.

But he had all those.

Eastern Orthodox Russian priest guys in their robes and stuff. I mean, this is like King of the olden days, where the church and the king would work together.

That's precisely what it is is. Yeah.

Yeah, and and the fact that it's working on some of our population to where they feel like Putin is a religious figure and standing up for Christianity in some way and.

Against perversion in the rest of it.

The Eastern Orthodox Church is to the Russian government like TikTok is to the Communist Party.

It's the same sort of thing. Yeah, it's a subsidiary. It's a wholly owned subsidiary. Anyway, I found that very disturbing.

Yeah, if you've been duped in the idea that Putin is some brave defender of Christianity.

I beg of you, please reassess.

I watched the Apple reveal yesterday of some of their new products, and it wasn't one of the big ones where they got a new phone or watch or something like that, but they got some new iPads out anyway, the main thing being this new pen. Do you or anybody in the yeah, oh, do you or anybody you know use that on iPads where you're write instead of type?

No? I don't either. Do you know anybody who does that? Because it looks appealing to me? Just Tony? Do you do it, Katie? No, I don't do it.

A lot of people in the art art industry, tattooing and that use the iPad pen because they do their designs digitally. I guess there is quite the art application to it, which might be great for my son, although I'm not gonna buy him a thousand dollars thingy for that. But you don't know anybody who have to they take notes that way or anything like that. I thought might be kind of handy instead of always having a pen and paper or finding one or whatever. Ride I type fast enough that I find it less cumbersome than writing.

But I remember, I can't remember what it was.

I was doing something and my wife said, you ought to get one of those styluses that would help.

Yeah, the new Apple pen pro is supposed to be pretty fantastic. The art applications look amazing where you can it's very touch sensitive and like a pencil, you can lean it sideways and use it for shading, or it's darker you press harder, and lighter you press light, and just that sort of thing for making art looks pretty cool.

Of course.

Eight, I will make all art in the brave New world. We won't need humans.

Yeah, I assume we will.

I don't know. I just think starting to take notes on an iPad. Maybe I'm just looking for a reason to buy something that's retail therapy. Yeah, lifts your spirits come on.

Coming up? We uh, I don't even remember what we're gonna do.

You know what I mentioned Squeeze in the last segment was that thirteen federal judges just signed a statement openly. They signed it saying we will hire no Columbia University grads starting this year because of what Columbia law is is doing and spreading and undergrad too.

I love that, So go overboard the other direction. It's been overboard the other way for too long.

Right exactly. It's because it's collective punishment. But at the same time it is making a statement that will draw people's eyes and ears and ask questions.

I don't know if it's a very inaccurate collective punishment. As we're learning that they chose these students because of their activism and their politics.

Good point. I think it tells you a lot.

That is a good point. They only admit three, four or five percent of the kids who apply.

Yeah, and they choose the people.

As we've learned that one kid that led the Columbia protests, who was a crazy activist nut job in high school, and that's why they let him into Columbia. Yeah, so that he could be the same thing. I gotta believe that. In now it's a I'm gonna sneeze.

Oh it's probably Corona. Oh it's the bird flu Oh did you hear that? I did. Wow.

I probably got it from a cow, gave it to angan or a dolphin. I was like, I say, oh, yeah, I definitely think it could be a net negative to be from certainly Columbia, maybe Harvard, maybe a lot of the Ivy leagues, where it's more of a negative than a positive, which sucks if you're not a nut job, although they probably wouldn't have let you in if you weren't a nut job speaking nutjobs, somebody just sent this to us and I'd not been aware of it, and now looking at it, it goes back a few years. But the theory that Taylor Swift is a Satanist clone. The headline is here's why the theory that Taylor Swift is a Satanist clone absolutely checks out.

That's quite a headline.

And they go into one of her relationships breaking up back in the day and the real eye and the reason for it is her Man's unwillingness to commit to a Faustian bargain. See Swift's uncanny resemblance to zena Shrek former High Priestess of the Church of Satan. Has been common knowledge on the Internet for a while now. Which one is the Faustian bargain? Is that where you get seventy two months no interest?

Hilarious? Uh da da da da. And the parallels.

They both have blonde hair, both represented by the Satan, the serpent emoji and Taylor Swift was born just.

The same year this w and died. But is that that's just facts? Man, that's science, is it? Faustin Bargain the one more or less?

Like at the Crossroads with Robert Johnson, like you give your soul to the devil and will make you famous.

Yeah, I believe that is the story, successful or whatever, And that's how she's a billionaire singer. Okay, figured it out.

Are strong and Geddy.

Commemorating the victims of the Holocaust.

President Biden forcefully denouncing what he called a ferocious surge and anti Semitism since the October seventh Hamas attack, The President urging Americans not to forget the lessons of the past or the hate that sparked the war now raging in Gaza find and making it clear that his support for Israel is steadfast. My commitment to the safety the Jewish people, the security of Israel, and that's right to exist as an independent Jewish state is iron clad, even.

When we disagree, ironclad. That is reassuring to the people of Israel.

Am certain so did he want to get that speech out before the New York Times story confirmed last night that the Biden administration canceled thousands of bombs that we had promised Israel because we're worried that they will use them in Rafa, holding them back at least so Israel announced this last week. There was no confirmation on whether or not it was true that remember that was a big story. However, many months ago Biden administration had offered up thousands of these two thousand pound bombs that are just devastating to Israel, and then Israel announced last week said Biden said he ate sent in him, and they didn't confirm itun till last night, after he gave the whole.

We stand by Israel, no daylight blah blah blah blah blah blah blah.

But we ain't give me the bombs because we don't think you're approaching the war right, and we get to decide, even though you're the ones that you know whose lives are a threat.

That's such a Biden thing to do. We support you, but we're not going to do anything significant. We're going to take tiny, incremental steps so we don't upset anybody. It's just like Ukraine. It's terrible. He's cautious to the point of cowardice. The only vote against going after Osama bin Laden in a room full of Democrats, he was the only no vote.

The Wall Street Journal has a peace out the war and the protests of sharply divided Democrats between pro Palestinian progressives and the pro Israel establishment, and the president's slow and equivocal response is inflamed both sides. Yep, that's what happens when you try to take the middle path. Often, well, yeah.

Especially when the middle path is doomed. I mean, it's self evidently doomed to me. I just it's interesting because I think a lot of world leaders and even commentators.

Are operating from.

The point of view that, hey, if Israel keeps fighting and trying to actually destroy himas it's bad for business. It's bad for the deal we were trying to make diplomatic slash busines this deal. It's not good for me if Israel finishes the job. So I'm going to tell Israel not to finish the job. And I think there's part of that going on with Biden, But the other part of it is just his utters spinelessness. He is the king of not even half measures. A half measure would be progress. He's more like a quarter measure guy.

It might not have been because he was waiting for his big work standing by Israel speech. It might have been because the tanks rolled into Raffa yesterday morning. And that's what the Peter Baker writes in The New York Times.

The fact that.

Tanks rolled into Rafa, Israel did not heed the warning the Biden administration had made, because Biden said that as a red line for him if they actually launched their Rafa offensive. The fact that they finally did so, says The New York Times, was a clear indication of how much frustration is growing among administration officials that their Israeli counterparts are not heeding US warnings against a major operation in Rafa.

Nor would I where I running Israel.

And according to like everything I read, and look at Benjamin Netanya, who gets replaced by the next person in line, they're still going into Rafa because there seems to be uniformity on that. We got to wipe out Homas, because if you actually lived there and you know people who got raped and beheaded and set on fire, the idea of letting those people continue to have several battalions, including their leader and calling it good. Is nuts in the next town because Israel is not a big place.

It's tiny.

The West Bank to Israel to Gaza, it's like suburb A to b to see geographically speaking. So yeah, the idea that hey, hey, hey, hey, you're doing too much damage. You're hurting and killing too many innocents. With all due respect to the horror of that war is hell, but this is all too inconvenient. You need to let Hamas continue to exist in the next town. What do you think Israel is going to say to that? I just there is so much dishonesty going on here, could you know together with the cowardice. Oh I came across this story which was quite surprising.

But the.

Coordinator of Government Activities in the Territories CogAT the Palestinian Territories is reporting that it had been told by international charity organizations that there is too much aid being sent to northern Gaza and it should be reduced. Quoting CogAT, in talks between Israel, Israeli and Ewan representatives, including the WFP, which is the what is that?

I can't remember. None of the entities indicated a risk of famine in northern Gaza. They noted that the humanitarian situation is improving and that there are a variety of goods in both warehouses and markets in the north. They added quote in talks between Israeli and UN representatives. Oh, they repeated that that's odd, noting the improved situation. International organizers stated last week that the volume of goods transported to northern Gaza must be reduced since the quantities are too high in relation to the population.

They got too much food and stuff in northern.

Too many supplies. Now some of it I think is still backed up at the border. But those are international charitable organizations saying but.

There's only two million only, But there are two million people that lived in Gaza now one point two million of them are in Rafa, they're claiming because they were all kind of driven south. Yeah, by Israel and Hamas encouraging them go down there to use them as human shields. So you got a big chunk of the population down there. So I don't know how much food you need them north. Anyway, this Rafa thing is going to happen. And the only thing I would say if I was Joe Biden maybe is just for your own benefit, Israel, wait until the college graduations happen and the college kids go home, because it doesn't help you to have all of that on the news every single night.

Yeah, I don't think that.

May have some ass more time to dig in a week or two, it's been a lot of months.

Yeah, I suppose so hey, complete change of topic in a moment or two, do some economic information of interest after a word from our friends. It's simply save home security, whether it's vacation or a long weekend, or a soccer game or whatever. Do concerns back home, nag you, did you lock up? Did you leave a window open? Did you put the bar in the sliding glass store? That's why we recommend investing in simply safe home security for award winning and security and peace of mind wherever your summer plans take you.

Well, if you've ever had your home broken into, you realize that door locks are practically worthless. God with a crowbar, they can pop those open so fast or whatever. Having a simply safe system that's going to alert you if or when somebody actually breaks in is really makes you feel a lot better As you drive to the grocery store or whatever, twenty four to seven professional monitoring less than a dollar a day.

A lot of construction in my hood, a lot of workers coming in and out when nobody knows who they are. And there have been a couple of cases. Well, with the high DEPF cameras, you'll get just his license played, a picture of the person's face, whatever. And with the twenty four to seven liveguard protection, which is less than a dollar a day, the monitoring, they can actually talk to the purp in real time and say get the hell out, real peace of mind. That's we're talking about. Get twenty percent off any new simply safe system when you sign up for fast protect monitoring. Just visit simply safe dot com, slash armstrong again, simplysafe dot com slash armstrong.

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Listen to this paragraph in the New York Times article about this from last night. Mister Biden made no mention of his decision to withhold the bombs during his speech at the Holocaust ceremony, where he said, quote, my commitment to the safety of the Jewish people, security of Israel, and it's right to exist as an independent and the Jewish state is ironclad and he said that shouting with his fist. How does that fit in with But you can't have these bombs because we don't think that approaches the correct one. It's iron clad up to the point that it's politically inconvenient for me, Bengo, for.

As long as you do it the way I think you ought to do it.

And I'm famously wrong about these things, like everything mostly.

Yeah, yeah, that's a tough spot to be in. You know, I don't want to cram the economic stuff in here. We don't cram it. No cramming. And we'll do that after a short break. If you're just tuning in, Yes, we have gone over again the compelling, the embarrassing and idiotic testimony of Stormy Daniels yesterday and the cross examination which will continue tomorrow.

Embarrassing and idiotic and irrelevant too. I mean you can start with irrelevant.

If you missed it, I'm sorry you missed it. It's horrifarious, an armstrong and getty word, meaning it's both horrifying and hilarious.

The detail I still haven't nailed down in my mind is why they didn't object more often when she has thrown out extraneous details that even the judge said later were unnecessary.

Yeah, As I mentioned, Alan Dershowitz addressed that, and he said, you don't want to do that. They teach you that in law school. Object good and strong. Then when you get knocked down, shut up.

Well I don't.

Well are you looking at this from winning the case with the jury or from the politics of it to people outside?

I think it's continuing to function as an attorney, but winning the case as an attorney. That's an interesting question. I will tell you this because I don't really know the answer. I haven't litigated a case, but I have been a juror on several cases. If you, as a juror, who are sitting there, and if you're a thinking human being, you think this through being asked to take away the freedom or the money of one of my fellow citizens, if the government proves its case beyond a reasonable doubt.

What if he's in ot? Oh?

The unfortunate phrase this Stormy used for a herd orange herd?

Is that what she said?

That's what Stormy Daniels called the president of the United States.

That's terrible. Anyway, Ah, where were we? Ah? I like, when I use my disappointed voice everybody likes that.

But if you, as a juror, becomes cynical about the prosecution, like, why are you running that lying jackass up here trying to convince me of something?

Do you think I'm stupid?

And there are a couple of moments, including Stormy saying none of this has been about the money, right. I mean, that's I guarantee you. A bunch of the jurors are like, oh, come on, So.

You're looking at it from the inside the courtroom, court case aspect, which might be the right way. I'm not sure which if I had the lawyers, if I would tell them try to win the case, or if I tell them the real audience is the public. I want to get elected presidents, So that's my main thing because I think, since since Trump's messages, the judge is a crook and out to get him.

I think if you we object overruled, we object.

Overruled like ten times in a row, helps you politically, two minds thinking like I was just thinking from a political perspective and an appeals perspective, pushing this judge who's not a good judge in my opinion, he is biased as hell.

That's your judgment that's correct.

I'm pushing him to lose his cool and do things that would look terrible on appeal is a good strategy.

Well, then the fact that the judge said later there was a bunch of stuff that shouldn't have been said, that didn't need to be said.

Right, he admitted it. Yeah, he admitted testimony he should not have.

Out of his own mouth. Yeah.

Yeah, Renters are more pessimistic than ever about owning a home.

You probably knew that. I'm that guy.

The numbers are fairly striking. I'm that guy. God is difficult right now. It's more difficult than it's ever been. It sure sure looks that way. So the stats hold up to prove that. Stay tuned, Okay, I will right here.

Armstrong and.

The eighty two year old Senator Bernie Sanders just announced that he's running for a fourth.

Term in November.

Yeah, Bernie is the only senator has lived through diss tracks between Drake and Kendrick and Mozart and Beethoven. I mentioned the dis war yesterday between Kendrick, Lamar and Drake.

I forgot to check into that.

Bernie Sanders, by the way, who is gonna run again although he's showing no mental decline, and I don't care about your age. It's he seems as sharp as ever from his weird socialist view of the world. Anyway, he blocked a Senate resolution condemning campus anti semitism. Today as the Senate works slightly differently, one senator can do that, and he stopped it.

Wow as a Jew.

Wow, Oh, I'm going to talk a little bit, a little bit about housing and renting and the economy and that sort of thing, and doomed, Yeah, oh we are. It strikes me again that we have a shortage of affordable housing for people, and we've just imported millions of more poor people from south of the border, and nobody wants to discuss that paradox. But this is one of the more cynical things you'll ever hear me say. We ought to be honest about all this stuff, like you would in a healthy relationship or a healthy family. All right, why are we importing all these people? What is it because we need people.

Because your mom drinks too much? Is it because we need the workers? Is it because we're propping up the social security pyramid screen scheme? Just be honest about all this stuff. But here it is honesty loses.

Elections in modern America.

That is cynical anyway, renter's more pessimistic than ever about owning a home. According to a survey released by the Federal Reserve Bank of New York of all people, average probability of buying a home, according to renters, fell to forty percent. That's down from forty four and a half percent a year ago and the lowest in records stretching back a decade.

It's interesting given the fact that it's not certain, depending on where you live, that it would be a good idea to own instead of rent.

So true enough.

Yeah, President Biden has overseen a historic drop in home ownership expectations among renters. When he took office, the average probability was almost fifty two percent.

Now it's forty percent.

It's declined, and particularly among renters under fifty.

Obviously, three years.

Ago, more than two thirds of renters under fifty said there was a chance they would someday own a house more than two thirds. Today it is less than half. So the first time the perceived chances of owning a home for younger Americans fell below fifty percent.

Well, I think this is definitely going to change just the view of like, you know, how successful is your life, you own your home. Maybe that's not a good idea now, it might not be a good idea to do that.

Especially not right now. Which is the strangest, most knotted up twisted real estate market I've ever seen in my life. And I've spent a long time observing and being in real estate.

I don't know which part of it is weirder, But the part that sticks out to me the most as I'm looking around is the supply.

Oh yeah, yeah, two homes a week? Can they sell in five minutes?

For the reasons we've discussed many times, interest rates, blah blah blah, young and somewhat different tangential direction, gen Z rather is sinking deeper into debt. According to The Wall Street Journal, I am the father of three kids under thirty five years old.

Trust me when I say that is correct. Now.

The things are rough, but it also helps on the spending end. And I don't know, I just go with my anecdotal evidence. Like I'm at the Nike outlet store the other day and it's standing room only in there. Why do you all need more one hundred dollars shoes?

All of you.

Really, that is one half of the equation. I'm not going to presume anybody's spending like an idiot, but you ought to have to answer that question anyway. Rising debt loads largely reflects a surgeon prices for food and shelter at the start of their careers, coupled with larger percentage of gen z who graduated with student loans because they've been screwed by the Democratic Party and the bloated, incredibly expensive university system and.

Bought into the idea that their gender studies from African poetry seen through a Marxist lens was a good idea.

Yeah, I suppose a degree to get Yeah, the average credit card balance has risen. We don't really have time to go into detail. The part I wanted to get to was the housing costs thing, because my kids are really dealing with this. The median annual wage for recent college grads was sixty grand and twenty twenty three, little change from the fifty nine and twenty twenty, so it went up just very low single digits. At the same time, rent, which typically takes up at least a third of the average workers monthly paycheck, has soared the median rent in the US was twenty two percent higher over that same time period.

The rent it's too damn thank you for that analysis.

Zero growth in wages, especially when balanced against food prices. It's a decline in wages and a nearly twenty five percent increase in housing costs.

That is brutal.

The rent in the place I've been in for three years has gone up practically that much in the amount of time, with kind of just the argument that he's got, well, if you don't want to pay that much, I got a line of people that will.

So well, right, yeah, yeah.

Supplying demand in a market constrained a lot by government regulation, it's very very hard to build in the case you're talking about in cal Unicornea.

How long could it take to unknop this and get back to some sort of normal real estate market.

A generation, generation and a half. Oh my god, that's brutal.

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