Latest / The Ben Ferguson Podcast / SCOTUS Denies Trump’s Nat Guard Move plus Beagles on Drugs & Bug Buffets, the Festivus Report

Transcript

SCOTUS Denies Trump’s Nat Guard Move plus Beagles on Drugs & Bug Buffets, the Festivus Report · The Ben Ferguson Podcast

• 0:01
  Speaker 1: Where do we even start now when it comes to
• 0:04
  Speaker 1: the victories that the President has given us, and how
• 0:07
  Speaker 1: the media continues to have egg on their face as
• 0:09
  Speaker 1: they lie and they get it wrong. We also know
• 0:14
  Speaker 1: that the President of the United States of America has
• 0:18
  Speaker 1: had to fight other battles, that includes the legal battles
• 0:22
  Speaker 1: that are coming at him as Democrats will appeal on
• 0:25
  Speaker 1: anything to the Supreme Court. Now, the Supreme Court has
• 0:29
  Speaker 1: ruled against President Donald Trump's plan to federalize and send
• 0:33
  Speaker 1: three hundred Illinois National Guardsmen to the sanctuary city of
• 0:37
  Speaker 1: Chicago to help protect immigration and Customs enforcement agents from the.
• 0:42
  Speaker 2: Violent rioters there.
• 0:43
  Speaker 1: You got to understand in Chicago and in Illinois, you've
• 0:46
  Speaker 1: got a hardcore leftist radical governor and Pritzker who doesn't
• 0:51
  Speaker 1: care that he was the deaf capital of America in Chicago. Now,
• 0:56
  Speaker 1: in October, Trumpets sought to deploy the National Guard to
• 0:58
  Speaker 1: assis ICE agents, but I don't judge appointed by former
• 1:02
  Speaker 1: President Joe Biden blocked the effort with a temporary restraining order.
• 1:06
  Speaker 1: When the Trump administration asked the US Court of Appeals
• 1:09
  Speaker 1: for the Seventh Circuit to stay the judge's order, the
• 1:12
  Speaker 1: Panel of judges denied the administration's plea. That is, when
• 1:16
  Speaker 1: the Trump administration asked the Supreme Court to stay the
• 1:20
  Speaker 1: federal judge's order so National guardsmen could be deployed to Chicago. Well,
• 1:25
  Speaker 1: this week, Scotis ruled in a six to three decision
• 1:29
  Speaker 1: that the Trump administration court has failed to identify a
• 1:32
  Speaker 1: source of authority that would allow the military to execute
• 1:36
  Speaker 1: laws the laws in Illinois, and therefore the administration's application
• 1:40
  Speaker 1: for stay was denied. Now, at the preliminary stage, the
• 1:43
  Speaker 1: government has failed to identify a source they say have
• 1:45
  Speaker 1: authority that would allow the military to execute the laws
• 1:49
  Speaker 1: in Illinois. The President has not invoked a statue that
• 1:52
  Speaker 1: provides an exception for this. Instead, he relied on inherent
• 1:58
  Speaker 1: constitutional authority that, according to the government, allows them to
• 2:01
  Speaker 1: use the military to protect federal personnel and property. But
• 2:05
  Speaker 1: the government also claimed, consistent with the long standing view
• 2:07
  Speaker 1: of the executive branch, that performing such protective functions does
• 2:12
  Speaker 1: not constitute executing the laws within the meaning of the Act.
• 2:18
  Speaker 1: If that is correct, it's hard to see how performing
• 2:21
  Speaker 1: those functions could constitute executing the laws under one twenty
• 2:26
  Speaker 1: four h six Dash three. This Court does not lightly
• 2:29
  Speaker 1: assume that Congress silently silently attach attaches different meanings to
• 2:34
  Speaker 1: the same term in the same term in the same
• 2:37
  Speaker 1: or related statutes. Thus, at the least, in this posture,
• 2:41
  Speaker 1: the government has not carried its burden to show that
• 2:44
  Speaker 1: the permit that this permits the President to federalize the
• 2:47
  Speaker 1: guard in the expos of inherent authority to protect federal
• 2:52
  Speaker 1: personnel and property in Illinois, we need not and do
• 2:55
  Speaker 1: not address the reviewability of findings made by the President
• 2:58
  Speaker 1: under one twenty four oh six Dash three or any
• 3:02
  Speaker 1: other statue. The application to for stay is denied now.
• 3:08
  Speaker 1: Justice Robert Saidamiorer Kagan, Amy Cony, Barrett Brown Jackson. They
• 3:15
  Speaker 1: all backed the unsigned order by Justice Brett Kavanaugh, who
• 3:19
  Speaker 1: wrote a concurring opinion. Justice Alito wrote descending opinion, which
• 3:23
  Speaker 1: Justice Thomas joined the Justice Neil gorsa tart ascending opinion
• 3:27
  Speaker 1: as well, saying this, whatever one may think about the
• 3:32
  Speaker 1: current administration's enforcement of the immigration laws or the way
• 3:35
  Speaker 1: ICE has conducted its operations, the protection of federal officers
• 3:40
  Speaker 1: from potentially lethal attacks should be thwarted. Alito wrote in
• 3:44
  Speaker 1: these dissenting opinion, I therefore respectfully dissent now This all
• 3:50
  Speaker 1: goes back to the issue of if you are dealing
• 3:53
  Speaker 1: with individuals who refuse.
• 3:57
  Speaker 2: To abide by the.
• 3:59
  Speaker 1: Laws of the land and break the federal laws, should you,
• 4:04
  Speaker 1: as a citizen be held hostage in that scenario. I
• 4:08
  Speaker 1: would argue and say absolutely not. Now, there are many
• 4:13
  Speaker 1: out there that believe that the states should have the
• 4:16
  Speaker 1: ultimate rights on fighting crime and dealing with illegal immigration.
• 4:21
  Speaker 1: If they want to be sanctuary cities, that's what they
• 4:23
  Speaker 1: should be able to be. I think that is incredibly
• 4:26
  Speaker 1: naive and incredibly stupid. Sanctuary cities destroy people's American citizens' lives.
• 4:34
  Speaker 1: I think that's one of the things we should just
• 4:35
  Speaker 1: straight up start with. Not only do they destroy people's lives,
• 4:44
  Speaker 1: but I also think that what the president has said
• 4:47
  Speaker 1: here is he wants to keep people safe, even if
• 4:49
  Speaker 1: you're in a liberal area, even if you've voted against him.
• 4:52
  Speaker 1: That's important to put that into context. This is a
• 4:57
  Speaker 1: president that's sitting in the National Guarden to places like Memphis,
• 5:00
  Speaker 1: in Chicago and Illinois, et cetera.
• 5:02
  Speaker 2: And why is he doing it?
• 5:02
  Speaker 1: Because he wants to save people's lives.
• 5:06
  Speaker 2: That's it. He wants to save people's lives.
• 5:11
  Speaker 1: Every so often, something happens that reminds us just how
• 5:14
  Speaker 1: fragile our freedoms are. We can't afford to take our
• 5:18
  Speaker 1: rights for granted. We must draw a line in the sand,
• 5:22
  Speaker 1: and our friends at Patriot Mobile have been doing just
• 5:24
  Speaker 1: that for more than twelve years. The truth is there
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• 6:23
  Speaker 1: to you that stand up for our first and our
• 6:26
  Speaker 1: second Amendment rights, the rights of unborn children, and are
• 6:29
  Speaker 1: wounded warriors and those that have fought for a country
• 6:33
  Speaker 1: and wear a badge. So take a stand today and
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• 6:53
  Speaker 1: nine seven to two Patriot. And make the switch and
• 6:56
  Speaker 1: make a difference with every call you make. President Trump
• 7:01
  Speaker 1: ran on getting rid of waste, fraud and abuse within
• 7:04
  Speaker 1: our government. It's something that we know has been rampant
• 7:08
  Speaker 1: for quite some time, but we're finally starting to witness
• 7:11
  Speaker 1: some of that waste front abuse disappear. We know a
• 7:14
  Speaker 1: lot of it was done when DOGE was started with
• 7:17
  Speaker 1: Elon Musk being in charge. But the journey is still
• 7:21
  Speaker 1: a big one. The battle is still an uphill battle,
• 7:24
  Speaker 1: and the government, we now are learning, has funded a
• 7:27
  Speaker 1: lot of things that are going to make you want
• 7:29
  Speaker 1: to beat your head against the wall. The government has
• 7:33
  Speaker 1: funded experiments that dose dogs with cocaine. You're paying for that. Also,
• 7:41
  Speaker 1: your tax dollars are paying to force ferrets to binge drink.
• 7:47
  Speaker 1: Those are just some of the highlights coming out from
• 7:49
  Speaker 1: Santa Rampaul's Festivus Report, released by the end of the year.
• 7:54
  Speaker 1: He wants you to know every year what your dollars
• 7:56
  Speaker 1: have been going for. The Kentucky Republican uses his annual
• 8:02
  Speaker 1: holiday report to air the grievances and highlight examples of
• 8:07
  Speaker 1: massive government waste, which is reports stay total more than
• 8:10
  Speaker 1: one point six trillion when counting the interest payments on debt.
• 8:15
  Speaker 1: The twenty twenty five report sites examples ranging from the
• 8:18
  Speaker 1: Department of Health and Human Services paying social media influencers
• 8:24
  Speaker 1: a collective forty million dollars to promote COVID nineteen vaccination
• 8:30
  Speaker 1: for racial and ethnic minority groups, to the State Department
• 8:34
  Speaker 1: spending one point five million to boost American films, television shows,
• 8:41
  Speaker 1: and I'm not joking video games abroad. No matter how
• 8:46
  Speaker 1: much taxpayer money washing burns through, politicians can't help but
• 8:50
  Speaker 1: demand more. Fiscal responsibility may not be the most crowded road,
• 8:55
  Speaker 1: but it's one I've walked for years and years in
• 8:58
  Speaker 1: this holiday season will be no different. That's what Senator Paul,
• 9:02
  Speaker 1: Chairman of the Senate Homeland Security and Government Affairs Committee
• 9:04
  Speaker 1: said in a statement, he said, so before we go
• 9:07
  Speaker 1: to the feats of strength, it's time for my airing
• 9:11
  Speaker 1: of spending grievances, referring to the festivals tradition popularized in
• 9:15
  Speaker 1: the nineteen ninety sitcom Seinfeld. The bulk of the federal spending,
• 9:20
  Speaker 1: mister Paul refers to his waist, is the record, and
• 9:23
  Speaker 1: this should make every American beyond angry.
• 9:27
  Speaker 2: One point two trillion dollars that.
• 9:30
  Speaker 1: We spent in interest payments this year on the government's
• 9:35
  Speaker 1: thirty eight point four trillion dollar debt, So one point
• 9:40
  Speaker 1: four trillion of the money that was spent this year
• 9:44
  Speaker 1: just went to interest that makes interest. And this is
• 9:49
  Speaker 1: how out of control our government spending and borrowing has
• 9:52
  Speaker 1: become the third largest government expense, only after Social Security
• 9:59
  Speaker 1: and MEDICAI.
• 10:00
  Speaker 2: Again, something that should make you very, very, very angry now,
• 10:05
  Speaker 2: he said.
• 10:05
  Speaker 1: The government refuses to balance its budget and taxpayers are
• 10:09
  Speaker 1: stuck picking up the trillion dollar tab annually. The more
• 10:13
  Speaker 1: than four hundred billion in the twenty twenty five wasteful
• 10:16
  Speaker 1: spending outline of interest payments on the debt included hundreds
• 10:20
  Speaker 1: of millions spent on gain of function research, laboratory experiments
• 10:25
  Speaker 1: on dogs, monkeys, and rats, something we know was a
• 10:29
  Speaker 1: disaster with a COVID nineteen vaccine, something that doctor Anthony
• 10:32
  Speaker 1: Fauci's accused of lying to Congress on the issue of
• 10:35
  Speaker 1: gain and function research. He went on to say that
• 10:38
  Speaker 1: includes more than thirteen point eight million that we spent
• 10:44
  Speaker 1: alone on beagal experiments. Fourteen million, six hundred and eighty
• 10:50
  Speaker 1: three thousand, two hundred eighty dollars to make monkeys play
• 10:54
  Speaker 1: a Price is Right inspired video game. Again, almost fifteen
• 10:59
  Speaker 1: million just for that and so much more. He credited
• 11:03
  Speaker 1: white coat waste to nonprofit watchdog organization that once the
• 11:07
  Speaker 1: end government funded animal testing with helping identify those and
• 11:11
  Speaker 1: other expenses. Again, bipartisanship is a good thing. The thirteen
• 11:16
  Speaker 1: point eight million for beagle experiments refers to the ongoing
• 11:19
  Speaker 1: National Institute of Allergy and Infectious Diseases grant funding for
• 11:23
  Speaker 1: the University of Missouri, Columbia that was first approved during
• 11:28
  Speaker 1: Anthony Fauci's tenure. The experiments exposed hundreds of beagles as
• 11:33
  Speaker 1: young as four months old to ticks to infect the
• 11:37
  Speaker 1: dogs with illnesses like Rocky Mountain spotted fever. The dogs
• 11:42
  Speaker 1: are intentionally denied pain relief so that it does not
• 11:45
  Speaker 1: interact with the infection or experimental vaccines. That is what
• 11:50
  Speaker 1: White Coast Waste Research has found. The group also identified
• 11:55
  Speaker 1: an ongoing five point two million dollar project funded by
• 11:59
  Speaker 1: the National Institute of Drug Abuse in which beagles are
• 12:02
  Speaker 1: dosed with cocaine and methamphetamines. The National Science Foundation and
• 12:06
  Speaker 1: other agencies also monkeyed around with your tax dollurs, Paul
• 12:10
  Speaker 1: wrote in the report, using a pun to highlight the
• 12:12
  Speaker 1: fourteen million in federal grants for inhumane research involving the monkeys,
• 12:18
  Speaker 1: He says, researchers at Brown University track the monkey's brain
• 12:23
  Speaker 1: activity and eye movements as they play a video game
• 12:26
  Speaker 1: called Plinko, a variation of the famous Price Is Right game.
• 12:31
  Speaker 1: The monkeys have head posts screwed into their skulls to
• 12:35
  Speaker 1: keep their heads still while they play the game. The
• 12:38
  Speaker 1: report also sets the Department of Veterans, by the way,
• 12:41
  Speaker 1: have proved a one million dollar project in which teenage
• 12:44
  Speaker 1: ferrets are forced to binge drink alcohol for up to
• 12:48
  Speaker 1: ninety days before they're killed. That sounds exciting, the researchers claim.
• 12:53
  Speaker 1: The goal of the drunken ferrets experiment which you're paying for,
• 12:57
  Speaker 1: is to pave the way quote unquote for teenage ferrets
• 13:00
  Speaker 1: be used to test chemical weapons, opioids, extreme stress and
• 13:05
  Speaker 1: TBI traumatic brain injuries, or to conduct studies related to depression,
• 13:10
  Speaker 1: stress responses, addiction, schizophrenia, suicide, and sensory processingport. The report states.
• 13:19
  Speaker 1: Justin Goodman, by the way, the senior vice president at
• 13:22
  Speaker 1: Whitecoat Waste, said the group is proud that mister Paul
• 13:25
  Speaker 1: continues to include research on wasteful government spending and wasteful
• 13:30
  Speaker 1: government animal tests as well. Now this is just some
• 13:35
  Speaker 1: of what we found out, but there's even more. I'll
• 13:38
  Speaker 1: give you another example of some of the shock and
• 13:40
  Speaker 1: where your money is also going. Not only do we
• 13:44
  Speaker 1: spend one point five million for the AHHS spending on
• 13:46
  Speaker 1: celebrity influencers to discourage the drug use, right, that's one
• 13:51
  Speaker 1: of your tax hours, but one point nine million we
• 13:55
  Speaker 1: also spent for mobile phone intervention for childhood obesity Latino
• 14:00
  Speaker 1: family specifically, that was where your tax dollars went one
• 14:04
  Speaker 1: point nine million for that. We also know that there
• 14:07
  Speaker 1: was two hundred and forty four thousand funding for a
• 14:10
  Speaker 1: Pakistani children's climate cartoon, so we're still paying for cartoons
• 14:15
  Speaker 1: to be created in places like Pakistan. One point five
• 14:19
  Speaker 1: million promotion of US and media films overseas. Two point
• 14:23
  Speaker 1: five million for the National Science Foundation fund to promote
• 14:27
  Speaker 1: insect consumption. So we're now paying two and a half
• 14:30
  Speaker 1: million for you to eat bugs. A million and a
• 14:33
  Speaker 1: half for an influencer led anti drug TikTok campaign. Forty
• 14:38
  Speaker 1: million for COVID vaccine promotion after the pandemic had already ended.
• 14:44
  Speaker 1: Let me see that again, your tax dollars. This year,
• 14:47
  Speaker 1: we spent forty million to promote the COVID vaccine even
• 14:50
  Speaker 1: after the pandemic had ended. Twenty million controversial experiment involving
• 14:56
  Speaker 1: all the ferrets of dogs the monkeys I mentioned a
• 14:58
  Speaker 1: moment ago. Three point three million for anti racism campus
• 15:03
  Speaker 1: program at Northwestern University. Three point three million of your
• 15:07
  Speaker 1: tax dollars for that seven point five billion with a
• 15:11
  Speaker 1: B allocated to ev infrastructure like vehicle infrastructure, but only
• 15:17
  Speaker 1: sixty eight charging stations have been built, So we spent
• 15:23
  Speaker 1: eight point five or excuse me, seven point five billion
• 15:25
  Speaker 1: on sixty five charging stations. Again, another example of the
• 15:31
  Speaker 1: corruption in our government. Another twenty two point six not million,
• 15:36
  Speaker 1: but billion spending on migrant benefits. So if you want
• 15:41
  Speaker 1: to know what illegal immigrants are costing at the bare minimum,
• 15:45
  Speaker 1: twenty two point six billion, which we had to borrow
• 15:48
  Speaker 1: the money, and now once we borrow the money, now
• 15:52
  Speaker 1: we're spending that over trillion dollars a year on interest
• 15:55
  Speaker 1: payments alte.
• 15:58
  Speaker 2: Now the report also.
• 15:59
  Speaker 1: Combines governments ending deem waste full with category some may
• 16:02
  Speaker 1: view is improper insufficient. Is what the left says about this.
• 16:06
  Speaker 1: They say, well, you know there's a lot here that
• 16:09
  Speaker 1: you don't understand, right, all right, Well, let's let's go
• 16:12
  Speaker 1: to this. Another example, the Department of Health and Human
• 16:16
  Speaker 1: Services approving a two point one million dollar four year
• 16:20
  Speaker 1: project where New York University researchers planned a camp outside
• 16:25
  Speaker 1: EDM festivals to collect saliva samples to test for over
• 16:31
  Speaker 1: one thousand drugs. Quote, perhaps we don't need a multimillion
• 16:35
  Speaker 1: dollar rave reconnaissance mission to confirm that nightclub drugs are
• 16:40
  Speaker 1: in fact drugs, is what was said by Senator Paul
• 16:47
  Speaker 1: hhs Is also giving two point nine million to the
• 16:51
  Speaker 1: University of Michigan to investigate a mystery that had baffled
• 16:55
  Speaker 1: absolutely no one whether toddlers spending all day on iPads
• 16:59
  Speaker 1: might affect their development. Now, these are just some of
• 17:04
  Speaker 1: the highlights of your tax dollars, waste, fraud and abuse
• 17:08
  Speaker 1: being brought to light. The question now is how do
• 17:11
  Speaker 1: we get rid of it? And what is the president
• 17:14
  Speaker 1: plan to do on that issue. It's the economy, stupid.
• 17:19
  Speaker 1: That is the line that matters in every election. If
• 17:23
  Speaker 1: you're not talking about the economy and the economy is bad,
• 17:26
  Speaker 1: you're going to have problems. Democrats believe that the majority
• 17:30
  Speaker 1: of you listening right now are blaming Donald Trump for
• 17:34
  Speaker 1: what they're describing as a quote about economy. I'm actually
• 17:38
  Speaker 1: not joking. What is the data saying? It says the
• 17:41
  Speaker 1: opposite of that. President Donald Trump on Tuesday credited his
• 17:47
  Speaker 1: tariffs with producing better than expected economic numbers in the
• 17:51
  Speaker 1: third quarter and added that the quote trump economic golden
• 17:55
  Speaker 1: age is full steam ahead and a pair of true
• 17:59
  Speaker 1: social posts. Said the tariffs are responsible for the great
• 18:03
  Speaker 1: USA economic numbers and declared there is quote no inflation
• 18:09
  Speaker 1: in great national security, while urging support to pray for
• 18:13
  Speaker 1: the US Supreme Court. He also touted the Commerce departments
• 18:18
  Speaker 1: reported four point three percent growth as a ratest proof
• 18:22
  Speaker 1: that good government and all caps tariffs are powering what
• 18:26
  Speaker 1: he called the Trump economic golden Age. The government's initial
• 18:31
  Speaker 1: estimates show US growth and the gross domestic product numbers
• 18:36
  Speaker 1: are big. The broadish measure of economic output, it rose
• 18:40
  Speaker 1: at four point three percent annual pace from July through September.
• 18:44
  Speaker 1: That is up, not down from the three point eight
• 18:48
  Speaker 1: in the second quarter, as well as the roughly three
• 18:50
  Speaker 1: percent forecast track by fact Set. Now the report credit
• 18:55
  Speaker 1: stronger consumers spending. In fact, we had record black Friday
• 18:59
  Speaker 1: sales and Monday a cyber Monday sales, hire exports by
• 19:03
  Speaker 1: the way, and increased government outlays for the jump. Trump
• 19:08
  Speaker 1: sees on those details, arguing that tariffs are boosting the
• 19:11
  Speaker 1: domestic production and rebalancing trade. In his second post, Trump
• 19:16
  Speaker 1: claimed that consumer spending is strong and its way up.
• 19:21
  Speaker 1: Imports and trade deficits are way down, adding that investment
• 19:25
  Speaker 1: is setting records because of his tax package, which he
• 19:28
  Speaker 1: labeled the Great, big, Beautiful Bill, and his tariff policy,
• 19:33
  Speaker 1: which democrats said would be a disaster that is actually
• 19:36
  Speaker 1: not what has happened. What we've seen is incredible number
• 19:40
  Speaker 1: of dollars that have been collected by our federal government,
• 19:43
  Speaker 1: which will then help with our out of control government spending,
• 19:46
  Speaker 1: our deficits. Now consumer spending, and this is important, grew
• 19:51
  Speaker 1: it a a three point five percent annual rate in
• 19:54
  Speaker 1: the third quarter. That is up an entire percentage point
• 19:58
  Speaker 1: from the two point five in the prior period. Exports
• 20:02
  Speaker 1: also surged and government spending also increased.
• 20:06
  Speaker 2: Barren similarly noted.
• 20:08
  Speaker 1: That expert exports excuse me, jumped sharply and that business
• 20:12
  Speaker 1: investment improved compared with the prior quarter, even as an
• 20:17
  Speaker 1: analyst warned trade flows can be temporarily distorted by shifting
• 20:21
  Speaker 1: tariff expectations. That's how they described it. Now here's what
• 20:25
  Speaker 1: really matters. Inflation. Inflation remains a key political and economic
• 20:32
  Speaker 1: pressure point. The federal reserves preferred inflation gauge, all right,
• 20:37
  Speaker 1: what they prefer, the personal consumption expenditures known as PCE.
• 20:42
  Speaker 1: The price index rose at a two point eight percent
• 20:45
  Speaker 1: annual pace last quarter, with core PCE at two point nine,
• 20:49
  Speaker 1: both above the Fed's two percent target but down from
• 20:53
  Speaker 1: where they were with Biden. That dynamic could complicate the
• 20:58
  Speaker 1: Central Bank's next steps on interest rates is what some
• 21:01
  Speaker 1: economists are warning now. The GDP report was also released
• 21:05
  Speaker 1: later than originally scheduled because of a recent government shutdown,
• 21:09
  Speaker 1: which created a backlog of federal economic data. The shutdown
• 21:12
  Speaker 1: is expected to weigh on the fourth quarter activity, with
• 21:15
  Speaker 1: estimates suggested it could shave one to two percentage points
• 21:18
  Speaker 1: off growth in the current quarter that we're in right
• 21:21
  Speaker 1: now because the government was shut down. We know that
• 21:24
  Speaker 1: is temporary and obviously will come back now.
• 21:28
  Speaker 2: Donald Trump and many.
• 21:30
  Speaker 1: Of his advocates his allies argued the headline growth number
• 21:34
  Speaker 1: validates an America first approach, the US using these tariffs
• 21:39
  Speaker 1: to pressure adversaries, protect US industry, and drive investment back home.
• 21:44
  Speaker 1: So all of this is way better than what we
• 21:48
  Speaker 1: were quote expecting Fox Business Channel describing it this way
• 21:53
  Speaker 1: on what we've just witnessed.
• 21:54
  Speaker 3: First story today is, of course, the economic growth story,
• 21:58
  Speaker 3: which even a lot of supply siders really didn't see coming.
• 22:01
  Speaker 3: We were expecting a third quarter to come in at
• 22:04
  Speaker 3: a strong three point three percent. Instead, it came in
• 22:07
  Speaker 3: a full percentage point higher, a super strong four point
• 22:12
  Speaker 3: three percent, And with recent inflation numbers coming in generally
• 22:16
  Speaker 3: lower than expected, it looks like President Trump's economic policies
• 22:20
  Speaker 3: are turning Biden's stagflation on its head.
• 22:23
  Speaker 1: For turning Biden's stagflation on its head. We're experiencing a
• 22:31
  Speaker 1: third quarter that came in very strong. That is what
• 22:36
  Speaker 1: the numbers show. What's also interesting about this is a
• 22:40
  Speaker 1: few moments later, you had the White House send out
• 22:43
  Speaker 1: Kevin Hassett to talk about these numbers. Listen to what
• 22:47
  Speaker 1: he said again on Fox Business for more details.
• 22:51
  Speaker 3: Let's bring in NEC director Kevin Hassett. A good day
• 22:54
  Speaker 3: in the White House. I imagine Kevin, you got strong growth,
• 22:59
  Speaker 3: lower inflation. Looks like a perfect scenario.
• 23:03
  Speaker 2: Yeah.
• 23:03
  Speaker 4: And one of the things that I would like to
• 23:06
  Speaker 4: add is that Larry Godlow and I on the show
• 23:10
  Speaker 4: for the last two months, I've been telling you you're
• 23:12
  Speaker 4: going to get a four percent number.
• 23:13
  Speaker 3: You did it.
• 23:14
  Speaker 4: And and so it's really interesting to see the headlines
• 23:18
  Speaker 4: from the fake news everywhere you look. It's like, oh,
• 23:21
  Speaker 4: it's a completely surprising north of four percent number. But
• 23:24
  Speaker 4: the point is that President Trump's policies are working, and
• 23:28
  Speaker 4: they're very visibly working now because we've seen we've seen
• 23:31
  Speaker 4: the data, and and you know, President Trump, when we
• 23:34
  Speaker 4: were talking about the numbers, he said something like, well,
• 23:37
  Speaker 4: why don't we get twenty percent. Did you see that
• 23:39
  Speaker 4: he truth to that today?
• 23:40
  Speaker 3: I did. That's that's a little little ambitious.
• 23:43
  Speaker 4: I don't know about twenty percent. But the point the
• 23:45
  Speaker 4: point is that we're in the very unprecedented time that
• 23:49
  Speaker 4: the macro thing is that it's just like when we
• 23:51
  Speaker 4: invented the computer and then or was it Al Gore
• 23:54
  Speaker 4: that did that?
• 23:54
  Speaker 2: Oh? He was the Internet?
• 23:55
  Speaker 4: And then all of a sudden in the nineties we
• 23:57
  Speaker 4: had incredible growth year after year after with no inflation.
• 24:00
  Speaker 4: And so I think because way I think we could
• 24:03
  Speaker 4: put it, I think we have those numbers.
• 24:05
  Speaker 3: Do you have the numbers producers? Can you put that up?
• 24:07
  Speaker 3: Because the tax that Reagan tax cuts for a lot
• 24:10
  Speaker 3: of reasons, mostly political, didn't kick in until January one,
• 24:14
  Speaker 3: nineteen eighty three. The next six years you were growing.
• 24:18
  Speaker 3: The first year you grew at about four and a
• 24:20
  Speaker 3: half percent, The second year, the United States grew at
• 24:23
  Speaker 3: over seven percent, and I think the average after of
• 24:26
  Speaker 3: six years was about four and a half percent. Do
• 24:29
  Speaker 3: you think that's going going to be that case for
• 24:32
  Speaker 3: the rest of the Trump administration?
• 24:34
  Speaker 2: There?
• 24:34
  Speaker 3: Right?
• 24:35
  Speaker 4: Yeah, that's right, you know. So what happened with the
• 24:37
  Speaker 4: Reagan numbers is an example, but there was a second example.
• 24:41
  Speaker 4: So Reagan did it with tax policy, and then it
• 24:44
  Speaker 4: happened in the late nineties, really because computer has made
• 24:47
  Speaker 4: everybody more productive. The thing about what President Trump intuitz,
• 24:50
  Speaker 4: which is true, is that we've got both of those.
• 24:54
  Speaker 4: So we've got artificial intelligence increasing productivity, and we've got
• 24:58
  Speaker 4: amazing tax policy as well, and so there's a chance
• 25:01
  Speaker 4: that we get to numbers north of even what you've
• 25:04
  Speaker 4: seen without inflation. And that's the other thing that the
• 25:07
  Speaker 4: President mentioned in his Truth today, which I really want
• 25:10
  Speaker 4: to reemphasize because he understands this is that if you
• 25:13
  Speaker 4: see growth because the government is setting checks to everybody
• 25:17
  Speaker 4: and the FED is printing money, then that's going to
• 25:20
  Speaker 4: cause inflation. The Fed's going to have to raise race.
• 25:22
  Speaker 4: But if you feel growth because of supply side effects,
• 25:26
  Speaker 4: then you can get the growth without the inflation. And
• 25:28
  Speaker 4: that's something that we're seeing right now.
• 25:29
  Speaker 3: As you know.
• 25:30
  Speaker 4: CPI came in with a core of one point six
• 25:32
  Speaker 4: percent just last week, and so we're getting growth without inflation,
• 25:36
  Speaker 4: which is really proving both Reagan and Trump correct.
• 25:40
  Speaker 1: So you listen to Kevin and I play that for you,
• 25:42
  Speaker 1: because not only is this what the White House said
• 25:45
  Speaker 1: was going to happen, but it's even better than what
• 25:50
  Speaker 1: they were expecting. Why, because they're empowering Americans to succeed
• 25:55
  Speaker 1: without government subsidies. You saw inflation got a control under
• 26:00
  Speaker 1: the Biden regime because they were constantly wanting to send
• 26:04
  Speaker 1: you money, so you'd be totally dependent on them, and
• 26:08
  Speaker 1: it's buying votes, right, And then we saw inflation it
• 26:11
  Speaker 1: out of control. Because if you're printing money and you're
• 26:13
  Speaker 1: giving out money and it's not actually being earned, and
• 26:16
  Speaker 1: it's not actually the economy that's doing it, then it's artificial.
• 26:19
  Speaker 1: It's not real, right, It's like completely artificial. That is
• 26:24
  Speaker 1: a big problem. So you look at this now, and
• 26:30
  Speaker 1: I will say it again because I think it's so
• 26:34
  Speaker 1: important that people understand this. What the president has stopped,
• 26:40
  Speaker 1: and then what the president is doing right now is amazing.
• 26:46
  Speaker 1: He has stopped Biden inflation that got out of control
• 26:49
  Speaker 1: and is now turning around in eleven months. We should
• 26:53
  Speaker 1: all be celebrating this. This is the best case scenario.
• 27:00
  Speaker 1: When the media is like, oh, it's going to be
• 27:01
  Speaker 1: a disaster. Oh it's going to be bad, Oh it's
• 27:03
  Speaker 1: going to be terrible, and the economy is everything. I agree,
• 27:07
  Speaker 1: the economy is everything. I couldn't agree with you more.
• 27:12
  Speaker 1: The economy is everything. And what the President's doing is
• 27:15
  Speaker 1: doing exactly that. The economy is fighting because of the
• 27:21
  Speaker 1: policies that this president is put forward. It's empowering Americans
• 27:25
  Speaker 1: to make more of their own money, keep more of their
• 27:26
  Speaker 1: own money, and allowing small businesses to grow. How could
• 27:29
  Speaker 1: we not love that, on top of the tariffs, on
• 27:31
  Speaker 1: top of bring jobs and investment back to the United
• 27:33
  Speaker 1: States of America on the world stage. This is why
• 27:36
  Speaker 1: things right now are moving the right direction, even while
• 27:38
  Speaker 1: everyone in the media is trying to convince you that
• 27:41
  Speaker 1: things are bad.
• 27:42
  Speaker 2: The numbers don't lie.
• 27:45
  Speaker 1: Make sure you share this podcast with your family and friends,
• 27:48
  Speaker 1: put it up on social media wherever you are, and
• 27:51
  Speaker 1: we appreciate you listening every day.
• 27:53
  Speaker 2: We'll see you back here tomorrow.