Hour 1 of A&G features...
Broadcasting live from the Abraham Lincoln Radio Studio, the George Washington Broadcast Center. Jack Armstrong and Joe Kaddy Armstrong and Jackie and Pee Arms get it.
As he wrote in my favorite newsletter this morning, maybe it was all a dreams.
Oh it's only that's funny. Live from Studio C Season.
You're a dimly lit room deep it from the bowels of the Armstrong and Getty Communications Compound.
Hey y'all today Thursday? Is that right? Yeah?
Thursday, little Friday. We're under the tuteler of our general manager. The pause, Yeah, the pause that refreshes. And since we since we got up this morning, Europe has announced their ninety day pause. So everybody's pausing except for with China, which is what I think a lot of it has been saying for a cottle. While the China thing I get. Let's let's let's figure out how we're gonna decouple from China. They're an s sworn enemy of this country.
Indeed, and we're intertwined with them in a way that is utterly unsustainable.
So is Donald J. Behaving purely strategically.
With the China tariffs or is it a bit of a urinating contest between him and Hijion Ping or half and half hard to say.
I don't know.
Yeah, I watched The News Nation for the first time this morning, first time I've tuned that in, even though our boss Bill has been telling me for a very long time, you should check out News Nation. Way it's way closer to what your show is than anything else. And I would say, is right. I noticed no obvious how do we make this story worse for Trump? Or how do we make this story better for Trump? Which you do get from Fox or MSNBC, But so I didn't notice that on News Nation. But anyway, I have to add them.
To my rotation.
Yeah, yeah, I got a lot of really good interesting information out of it. But great, I do think it's interesting the the Trump Hateen world. For weeks now, it has been how he's just so stubborn and ideological, and he's been saying the same thing from the eighties, and he would he will not accept reality and blah blah blah blah blah. And then when he you know, uh, gets to a point of like this is just doing too much damage. I got to pull the plug. Then it's he said he'd do this and now he's backing off. Well, you just were criticizing him for being unwilling to back off, and now you're criticizing for backing off. And I just I don't quite understand. Now you couldn't you pass Trump no matter what happens. What's there to understand? Well, you could, obviously, you could make the comment that it was somewhat predictable that the markets would go crazy, and since that was true, you wouldn't You didn't need to do this in the first place.
But that being said, I don't understand the it's one or the other. You know you can't. It is kind of funny.
It's the proverbial kicking your dog when he finally comes to you. Right, Well, Jack, speaking of the whole tariffs and the upheaval and the paws and the rest of it, and this is exciting. Folks are going to be canceling appointments, keeping their kids home from school during the show. Today, we're going to explain the bond marketing to you. I might be in the bath day with us. That might be when I take my bathroom break the bond Everything turns on the bond market.
That's quite possibly true, And in fact, if you won't know it. You'll be adding in the bathroom.
I've made it this far in my life without knowing anything about it, so if I can make it till dead without knowing anything about it, then I'll be all right. It's not like you're living under a bridge. Well, obviously, I was thinking about the last however many days it's been, and partially and I didn't ask my financial guy. He sent me an email. I imagine he sent everybody emails because everybody was freaking out there for a couple of days. But I didn't change a dollar of my life based on anything in the last week.
So no, really, no harm, no foul. I don't know.
I was kind of kicking myself because I didn't have any real money in my little playing around investment account because this was the classic dip to buy.
Yeah, but you didn't know it was going to come back late. They could have been no, but I knew it would come back eventually. He yeah, but he could have held strong for nine months or who knew. Yeah, That's why I think it's important to have, hey, just you know, a play around. If this bet doesn't turn out and for two years you got no money and that's fine.
So well that one of the problems with this that.
Would have bet my my net worth on it, I hear said, I wouldn't bet my house payment on it. One of the problems with this whole thing is just, you know, one guy, and this has been discussed a lot, one guy having the ability to do this either direction. And so, according to the Wall Street Journal, he tapped out his post, his truth social post in the Oval office at the desk with the Treasury Secretary sitting there and the Commerce Secretary sitting there. Now, unfortunately this came out like five minutes after we said goodbye, everybody, see you tomorrow. I wish it would have happen while we were on the air, because the markets reacted instantly, and it was the biggest rise in the Nasdaq as a percentage since the dot com bust, which is what late nineties I mean that is that is amazing year two thousand whatever it was. Yeah, we've had some you know, pretty major ups and downs nine to eleven, the financial crash, lots of different things and that amount of time.
So it was a big deal. I wish it would have happened while we were on the air. But so he taps out his little truth social it says, that's it. People are getting the yips.
I'm gonna pause nine days stock market skyrocks. Obviously if you had had that information that I'm I don't think this is true, skinny neck?
What's his almost used a bad word? Go ahead, do it, Adam Schiff.
Adam Schiff, I can't believe he's my US Senator Adam Schiff. Show he wants in an immediate investigation for insider trading. I don't think that's what Trump was up to, but it.
Sure would be easy.
It sure would have been easy to tell anybody, Hey, tomorrow, tomorrow, tomorrow morning, about ten, I'm gonna pull the plug on this thing.
So I mean, Chris, call.
Him up and say bye and hang up by the nip. Yeah, no too much, No, don't blow the horn, just say by.
A much more spy moves, don't be shut by.
The shot, shoot a confetti cannon out to the top of the White House and say I don't know what that was.
Oh no, sh not subtle laugh.
But you gotta admit, with one guy making that decision to make the stock market go up the most in thirty years, I mean that a ton of money could have been made if you knew at all what was going gonna happen.
Sorry, I am so sorry. I got to take this call. Hello.
Uh huh really, uh huh okay, thanks by That was Nancy Pelosi. She said she's been doing this for fifty years.
I think they all do it all the time, but man, not on this grand scale. I mean, this was the all time five hundred pound gorilla of this sort of thing. If anybody has tipped off, and I don't think they were, but uh yeah, it's uh, it's it's something they are our secrety. Keep to yourself, you know, a whole bunch of rich guys with a lot of stock. By the way, I ain't saying nothing, ain't something, just uh just a little hint, uh Wednesday morning. I ain't say any else.
No horn, no horn, shit the horns of it.
So if you're a fan of power and influence and who's got what sway in any White house, I think it's it's super interesting that Scott has sent the Treasury guy is clearly the voice that Trump is listening to through the tumult less than a couple of other folks. He is kind of the voice of let's not do too much damage, common sense down to earth, and he's willing to speak truth to Trump and then spin the hell out of it on the South of Honor wherever you're speaking yesterday. But he definitely has huge influence. And I feel the need to point out because you will never ever hear this pointed out in mainstream media.
He happens to be a gay fella.
You know, we Conservatives and Republicans with our hatred and abuse of anybody who's gay. No, no, we just liked the most competent person for the job in the job.
Perry, the Secretary of the Treasury, lays down with other men.
Oh, there's no need to put too fine a point on it. We all know what that expression means.
Good lord, all right, No, I didn't know that. And who cares? Who cares? Uh? Yeah?
Mark Halpern and his newsletter today, say said one the powerbroker in that whole thing was Scott Bessen. Yeah, the Treasury secretary. So let's start the show officially. I'm Jack Armstrong. He's Joe Getty on this. It is Thursday, April tenth. Hear twenty twenty five for Armstrong. You getting and we approve of this program.
Uh yeah, boy, the Master's kicks off today. Here we go, let's begin the show officially according to the FCC rules and REGs at Mark.
Well, I thought that people were jumping a little bit out of line. They were getting yippie, you know, they were getting a little bit yippy, a little bit afraid, unlike these champions, because we have a big job to do.
No other president would have done to what I did.
No other president I know the president, they wouldn't have done it, and it had to be done.
Except perhaps the late great Abrahamlets.
As usual, it was hilarious that his people came out and said this was the plan all along. Then Trump comes out and says, now, I'm watching TV last night and I think the bond market was going crazy.
So I pulled the plug. Were getting yip? Why did you?
Why did you make me go out and say it was the plan all along? Or they thought that's what they should do. One of the great risks is speaking for Trump. From the first moment of term number one till today, I thought the plan was oh never mind.
Maybe it was all a dream.
We were talking of yesterday about how it could he could pull the plug at any moment, and then we'll look back, you know, on it in six months and thinks, oh, yeah, I remember that happened.
It might end that whole tariff thing might be like that. Yeah.
Although the China, again, as we've been saying from the very beginfference story, China is an entirely different subject.
I would say an on News Nation this morning that I was watching, they did a feature on this new nuclear weapon we've got. That's more about our ability to deliver it, but it's mostly about keeping up with China specifically, and also Russia in their aggressive increasing the strength of their nuclear arsenal.
So they're calling it a new nuclear arms race.
Oh boy, now that's some serious stuff. We got Katie's headlines on the way and more news of the day. I hope you can stick around. Text line is four one five two nine five Kftcarrong a new image out of what our closest monkey an sister looked like, and it's very human.
I'll talk about that letter to love evolution stuff.
Also speaking of images, based on our One More Thing podcast yesterday, Katie sent me you must have How did you get him to me so fast?
Like within an hour? Amazon.
I got in the mail some chicken leg socks and I took pictures of him on my life les and posted it at Twitter. This is an attempt to drive up our Twitter numbers or drive them down. Maybe more people left. Yeah, then we are serious. Yes, and somebody said you have rickets, dude, get some vitamins.
Wow. Yeah, mix in an orange or two. Huh. Anyway, more on that later. Let's figure out who's reporting what. It's the lead story with Katie Green Katie Well.
Starting with CNN, Inflation drops to two point four percent, lower than expectations.
Of two point five percent. There you go, good inflation news. The day after the stark market has a giant rise. Huh, we're back. Everything's coming up, Trump, I'm back.
Maybe from Fox News, Doge reveals bizarre findings of unemployment insurance claims.
Quote this is crazy. I'm sure. Oh, I have no doubt.
Any system that involves government payouts is got billions and billions and billions of dollars. With the old WAA Waste Fraud and Abuse Guarantee.
Nine point seven thousand people with birth rates are birth dates over fifteen years.
In the future. That's sixty nine million dollars. Wow.
From the AP freed Israeli hostages, thank Trump for efforts to get the Hamas hostages released.
Oh I got it, well, Russia, I got a little tidbit. Maybe after your headlines we have time on eight three dimensional chess theory around Doge stay tune.
From the Daily Mail update after brave female fencer took me and refused to fight against transgender rival, she has left her team completely.
I want to know that woman's name. I want to know it like I know Riley Gaines. I think she should be hailed as the hero that she is.
From CNBC The Rise of AI generated prof By twenty twenty eight, globally, one in four job candidates will be fake.
What's the benefit of that.
They're just saying that these job seekers are using AI tools to make fake identities, fake IDs, make resumes and lying about.
Their You can't actually come in work, though, So what's what are you foltimate goal?
They're doing this for remote hiring jobs.
Oh yeah, a lot of engineering tech jobs are remote hiring, and these guys have figured out I can hold three jobs and do the minimum work for each of them and get a triple salary.
I wish I was smart enough to do it. I'd do it today. Rarely hold one job from the La Times.
Wife of Weezer bassist is shot by LAPD during a hit and run manhunt and accused of attempted murder.
I watched this yesterday's nut.
What a crazy story. Oh yeah, I need to know more. I'm flabbergasted. There's a lots around them.
The LAPD was in per suit of a totally unrelated incident for a hit and run, and they drove by the house and the wife of the Weezer bassist was out there waving a handgun at the cops, and so they had to handle her and they ended up shooting her on the shoulder. And now she's being charged with the tempted murder.
Wow.
She she would not put down the gun, then pointed at the cops. They shot her, and then amazingly she's alive.
And that's a.
Little what are they What are you trying to do when when someone's pointing a gun at you, I would think your goal is to take them out, take them out. And there was a bunch of cops there. She's like, I'm wounded, but I'm fine.
Yeah, often, yeah, the result is quit an impressive number of bullet woes. Yeah, I expect more from the wife of the bassist of Weezer.
From the New York Post, Australian surgeon fined ten thousand dollars for sharing a picture of a coma patients swastika tattooed Pennis.
Oh wow, I can see how it'd be hard to not share that with the buddies.
Speaking of stories with a lot going on, look at this, how would.
You not share that? Nazi Germany? From The Free Beacon.
Members of Congress agree Jerry Nadler is the capital's worst smelling man.
What, Yes, I have that story? Really a story? Yes, an aggressive scent, it's a real story. Yes. Yeah.
He is the big old weavil of a fat progressive who's known first fill in his drawers, Jack, disgusting me this.
And finally, the Babylon Bee analysts clarify that Trump is only responsible for the stock market.
When it goes down.
Yeah, exactly, And Joe just de side note that that defencer's name is Stephanie Turner.
Stephanie Turner, God bless you dear for your courage.
Yeah, the you remember Lucy, one of the oldest skeletons of like a human that have ever. They've got a new computer mock up of what it looked.
Like, and it is. It's pretty interesting to see you. I'll talk about that later. Love that story. Did did Lucy go with Nathan? Pronouns?
Well, since I don't know, I'm not going to assign a gender, don't misgender.
The monkey guard strong, and.
The President announces he's putting a ninety day pause on most of his terrafs after Wall Street lost nearly six trillion dollars in one week. There is one exception. He is upping the ante on China. Is there any strategy here? Is this any way to run a global economy?
Well?
I thought that people were jumping a little bit out of line. They were getting yippie, you know, they were getting a little bit yippy, a little bit afraid, unlike these champions, because we have a big job to do. No other president would have done what I did. No other president I know the presidents, they wouldn't.
Have done it. And it had to be done. Did it have to be done? I don't know. You could have slept through this whole thing. I'm not sure it would.
Have changed your life any at this point if you had ignored it. Rich Lowry of National Review tweeted out yesterday, you know, the easier way to enter into trade negotiations with our major allies and tariff China would have been to enter into trade negotiations with our major allies in tariff China. Maybe he feels he got some leverage out of this or not.
I don't know. Others will decide that.
Well, And the probably unanswerable question continues, although I suppose the books will come out to the extent that you trust them someday. But the question continues to be does Trump have a strategy? Is this a coherent set of maneuvers or is he just going moment to moment trust in his guts and then reverses.
Field willingly that one.
Oh okay, I think, But I mean it's worked for him his whole life, So I can understand why. You know, if you're a successful financial person and her headed number one TV show, you're a billionaire and you elected president twice nearly three times, Yeah, I can see how you trust your gun.
Yeah I would too.
It's not completely you know, out of left field. On the other hand, pride goeth before the fall and almost has so anyway, So is it all's well that ends well? Is it no harm?
No foul? Is it? Where are we? Has there been no harm?
That's the question a lot of people are asking in terms of our allies, the world's perception of the United States as the safest, best place to put their money always, has that been hurt?
Tom Friedman says yes in The New York Times. Course he does. But he says that our allies in Europe will never trust us again, and they'll see China as a more steady, predictable partner.
Okay, I you know, so many years ago I read so many things from Tom Friedman of the that I thought were fantastic. Honestly, I don't want his opinion on anything other than what's the best Chinese food?
Close to Times Square? At this point, I.
Think, I mean, in terms of the world splitting between US and China, which is what's happening. I still think people are going to go with the United States because China is They're all They want to take you over.
They don't want to be your business partner.
Yes, they have a way of making you truly regret your partnerships through the years.
So a glimpse behind the scenes.
I was dealing with a bit of a domestic crisis during the commercial break, and so we didn't really get.
A chance to chat.
Playing the Charlie Gasparino stuff seems apropos right now, How do you feel about that?
Yeah?
He was on Fox News just after the pause was announced.
Moments later.
Yeah, the aforementioned Scott Bessen to and others came out and said this was the plan all along. This president negotiates like no other. And then Trump came out and he said, yeah, I saw people freaking out, so we changed our minds. Of course, people are like, thanks for that, but it happens. I found this instructive. Perhaps you will too. Let's start with clip sixty Michael and just go from there. Charlie Gasprino yesterday.
I want to tell you right now that Donald Trump out smarted the world. Trust me, I'm an American. I support my president. But that's not really what happened here from what I understand, and I know I'll get pushed back, but here's what it is. First off, we should point out that one of the good things about this is that Scott Bessen is finally in the White House. He's finally leading this. I mean, up until a couple of days ago, it was Lutnick, it was Peter Navarro, the Commerce.
Secretary, the trade advisor, very much hawks.
Now it's Scott Besson, who believes in cutting deals as opposed to you know, not, you know, just putting these tariffs out there. And let's be amercantilistic economy.
All right, to see this set to the substance.
But number two, let's recall what happened overnight. And from what I understand, and I'm getting this from people that are talking to the house, what happened in the bond market overnight, the spike in yields on the thirty year and the ten year bond, which showed that people were dumping our bonds. And who are those people dumping our bonds? Japan, the biggest holder of bonds, was selling bonds. That's what I'm getting from some very big money managers. China maybe to some extent, but it was largely Japan and others. If you have a mass sale of bonds, that means people are losing confidence in the US economy on the ability to do deals with US. And from what I understand, this is what forced the hand of this ninety day reprieve.
And apparently apparently Trump didn't think that was going to happen, or not as much as it was happening.
Yeah.
In other words, since we spend way more than we take in, and it's good to have cash flow, even if you're being smarter than we've been as a country. It's nice to be able to say, hey, would you like some of our bonds to invest your money?
We'll pay you three and a half percent.
And at some point, like overnight, they start saying, we don't want your stinking bonds at three and a half percent, Well would you take him at.
Four and a half, How about five and a half.
And all of a sudden, our borrowing costs are skyrocketing. And I don't know if you're familiar with this, we run hillacious debts in this country. We overspend like coke binged and binging sailors. Anyway, So that's part of the panic. A little more from mister Gasparino, you know, are.
People coming to the table. Yeah, but if you know, if you read me between the lines or not, even what Scott Bessen said, we have no deals, right, there's nobody that is really there saying this is what we're going to do, and they paused it anyway, So my thing that said, well, i'll give you this, there is some art of the deal here, and by the way, brilliant move by putting China in the corner.
But that's a whole separate.
Thing because remember that's a very difficult negotiation.
Everybody else is a lot easier.
They really wanted to, they do want to deal with us, whether they want to be forced into really bad trade deals on their end as a whole other negotiating story.
Yeah, we haven't mentioned that. Along with the pause of everyone else. He upped the tear off some China to what now one hundred and twenty percent, So what it is?
It might be more. In the last ten minutes.
Everybody's ratcheting it up, and so everybody Trump and Chesion pick.
Both of those things happen.
But Jack, how would you describe the bond market now it underpins the economy?
I wouldn't. Would you say it's the plumbing of the economy, That's what I would say.
But make no mistake about it, you cannot divorce this decision right here from what happened last night, which was you know I and people focus on the stock market all the time. It's the bond market and the sort of lending markets that's the plumbing of the economy. And those markets were imploding last night. And that's why we have a ninety day freeze. Let's see if those markets improve. I've someone told me we had a decent treasury wash oction today. But if you can't sell your treasures, guys, and people are unloading your treasures, like Japan, which is I believe the largest foreign holder after China.
Just to be clear, there was an option that.
Just so, the bond market is the plumbing of the economy, and it was imploding. And I can tell you, if you're plumbing implodes, you're going to have to call into work and say I'm not going to be.
There today, call service master. Yeah it's terrible. It's oh, it's so gross. So Charlie Gasparino there, I have no reason to doubt his explanation. I have come across no serious contradiction to his exploits.
I think it's fascinating that there was some metric that was enough to make Trump say, now this isn't working or going to work.
Yeah, And I don't know if he.
So, He famously, as everybody has been talking about for a week now, has been saying this since you know, the eighties on Oprah Winfrey Show, that we're getting ripped off and kneed teriff, Yeah, and you got so. Does he still believe that? Does he believe that his that's still true, but his cure for it doesn't work for.
Whatever reason, I want, I wonder where he is on all that.
Yeah, I mean, and this is the sort of thing that might freak out new listeners who think every radio show ought to be one hundred percent pro Trump or one hundred percent anti Trump. We calls him as we see them. But I think a Trump is very adaptable. He is more than willing to say that didn't work, We're going to try this. He does not cling to ideas that do not serve him. You know, he's a little parapatetic and mercurial for my taste. And I think some of the stuff he's pulling may damage our standing in the world over the long term. Having said that critical stuff, I think trade wise, this could end up in a very very good place with reasonable trade barriers, if any, with our friends and allies and non enemies in a way that was way way overdoing happening. On the other hand, he never counts when he talks about trade surpluses and deficits.
And he never counts services.
And I understand the allure of manufacturing and making our own stuff and being self reliant on critical industries, but I mean we export. We have an enormous trade imbalance in our favor, a surplus for services, banking, entertainments, financial advice, to the thousand different things. So to the three dimensional chess teck, I'm sorry the obvious tech. Yes, three dimensional chests.
So I remember asking Bill O'Reilly this question back when Bill O'Reilly was the number one show cable show in America ten years ago, twenty fifteen, when Trump was running is this three dimensional chess? Or is he just winging it? And I remember Bill O'Reilly saying it's not three dimensional chess. I think that is generally the case with Trump. But I do wonder about this one. Maybe around Doge more than the tariffs, because he's been talking about the tariffs thing, you know, for for forty years, as we mentioned, But maybe around the Doge thing getting so much attention. What was everybody saying leading up to the election, including us. The number one political story of twenty twenty five is going to be the Trump tax cuts. That's going to be all everybody's talking about. And nobody's talking about it, and they're working on it behind the scenes. And there's a bill last night that didn't happen, but they're working on it constantly behind the scenes, and.
Nobody's talking about it.
And I mean, Trump is you know, a TV producer, guy who understands the media and how they flock towards stories. And I just wonder if some of this stuff might be I'm going to get the biggest that tax cut redone, and that is going to set the economy in place the way I want it the rest of my term. And that is the whole enchilada, and nobody's talking about it.
I do enjoy a good enchilada. Perhaps that is the case. We'll we'll all find out together from our friends that simply save home security. It's a chaotic, scary world, and we're not talking about trade negotiations. Too many junkies, too many scumbags on the streets, too many policies.
That have made crime too easy.
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And then one more thing before we take a break, because you got mail bag coming up, is this wasn't on purpose, but ended up being. You know, everybody's talking about the end of the all those other tariffs without much focus on the fact that he just exploded Chinese tariffs on China to one hundred and twenty percent from what were they before forty five. And I mean, if he had only done that, that would have been such a giant headline. It never been to be talking about it, and a lot of people would be saying it was a horrible mistake.
And now it's just kind of like not even a story. Yeah, you're right.
I don't think that was on purpose, but that is the ultimate end result. I think, what was that movie? Everything all at once, all the time. That's the news flow right now. Yeah, what do you focus on?
If you're a Democrat, they're miserable, their heads are in their hand.
I don't know what to yell about. Uh mailbag on the white bunch of other stuff. Stay here.
I had to get up backtra early to take my dire Wolf pumps for a walk around the block.
Before I went to work.
Yeah, if they get to Nancy, they'll really tear up the furniture being I eat your fish saw tall at the soldier at the shoulder. Yeah, exactly, enormous. Here's your freedom loving quote of the day. Love this one from PJ O'Rourke. Jeff sent it along. It's terrific. It's just quoting it the other day. An entitlement is what people on welfare get, and how free are they. It's not an endlessly expanding list of rights. The right to education, the right to healthcare, the right to food and housing.
That's not freedom, that's dependency. Those aren't rights.
Those are the rations of slavery, hay into barn for human cattle. There's only one basic human right, the right to do as you damn well please, and with it comes the only basic human duty, the duty to take the consequences.
I couldn't love that more. That's pretty good.
If I had a manifesto, that would be in the lead mailbag prob us a note mail bag at Armstrong and getty dot com weirdly dental related mailbag today this later today, two pm Eastern, I'll be listening to the A and G podcast, as I have for many years, but this time I'll be listening to it while undergoing oral surgery. I mean a couple holes drilled to replace an implant, et cetera. Why am I reading you this because of the sign off, Michael, can you lower the music? There's a hole in my mouth where my teeth once. Well, somebody's my again, Monney anyway, owen too that it's Kevin. That's really funny. And then this Mike from Surf City. But the tennis today with my fifteen year old son. He's been going to this place most of his life, and we've always known there's this wackado roaming the halls. Usually he's just loud and opinion that he'd opinionated, but day he went full feral. Now he already had his hands in my kid's mouth, so I've always let his loud anti trump rant slide. But today he launched into a tirade about the China tariffs and now everything comes from China. I held my tongue for about half an hour, but the mixt of dennist off his tension and one lie after another finally pushed me to respond with a little common sense. Anyway, so this guy gets all agitated and starts yelling he's got no facts. He's just like a homeless methadic coming at me on the street, just pure intensity and zero logic and I'm gonna skip ahead a little bit, but somewhere in the middle of his madness, I somehow had him supporting slavery and child labor, all while complaining that the minimum wage is too high in California. Poor guy's never had so many truths at once. My son looked at me afterwards and said, Dad, he was gaslighting you. He didn't have a single good point. All he could do is yell. Fifteen years old and already smarter than half the country or more, says Mike from Serfs.
Yeah.
I for when I'm in those situations, I try to get to a yeah. I don't talk about politics very quickly, just yeah, I'm not listening to.
Even if I with you, I don't want to talk about this.
Why you're working on my kid's teeth, that's great if it persists. I am on the phone that day with the dentist saying, you get rid of this person, or we will go. We are gone, and we'll tell everybody why we're gone. That has to end. Like day before yesterday, Reagan put it. Let's see Burbank Luke with an excellent point here. Larry Summers said, of the tariffs, this is the first US bout of US financial stability caused by the US government. What a statement, I guess the housing bubble and subsequent recession of twenty oh eight slipped his mind. Excellent, that was caused by granting mortgage just to anyone who could fog a mayor. Thanks Bill Clinton and Barney Frank excellent point while he was Bill Clinton's Treasury secretary. How about our government racking up thirty six trillion dollars worth of debt or allowing China wage total war on US for the last thirty years with the favored nation status we granted them. I wasn't going to count the disastrous COVID policy lockdowns was disrupted every aspect of our lives, causing massive inflation and job losses because state governments share the blame. Then I remembered what government paid for the gain of function research. What an f and clown Thomas Soul was onto something with that quip about Harvard men per Bank Luke bringing it.
I'm I'm an ostrich head in the sand on a lot of your macroeconomy stuff. I just I'm so cynical and like practically conspiracy theory guide that I just feel like there are very powerful people the top that run all this and do whatever hell they want and get really really witch And I mean the Scarborough was mentioning the other day on MSNBC, and I was happy that he brought this up. Was the Giant two thousand whatever it was housing crash. Nobody went to jail, nobody, nobody destroyed the economy.
So many of us I lost hundreds of thousands of dollars.
I mean, so many people lost so much money because they are giving loans to people.
That should have never gotten loved. Nobody name of equity.
Nobody got except well and Progressive America never stood up and said, yeah, that policy was disastrous.
It was miserable. We have inflicted this dam engine we apologize. Nobody.
Ah so excited, I can't get started on and it makes me too angry. So that's why coming to the reasons I've given up on that whole thing.
Coming up next hour, Jack, Yes you can outrun a horse, I will explain.
Wow, that's the question of the day. How the hell did that come up?
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