Latest / The Ben Ferguson Podcast / DC Chief Solved Crime by Pretending It Doesn’t Exist plus ACA—Affordable for Fraudsters & Renters Forever, Owners Never!

Transcript

DC Chief Solved Crime by Pretending It Doesn’t Exist plus ACA—Affordable for Fraudsters & Renters Forever, Owners Never! · The Ben Ferguson Podcast

0:01
Speaker 1: What's easier than actually fighting crime. Well, if you're a Democrat,
0:04
Speaker 1: apparently lying about the crime stats to make it look
0:08
Speaker 1: like you're fighting crime is more important than actually saving
0:11
Speaker 1: American lives. We now know that is exactly what was
0:15
Speaker 1: happening in Washington, d C. The US Attorney Judge Andeene
0:21
Speaker 1: said that DC authorities were literally artificially deflating crime stats
0:28
Speaker 1: to manipulate the numbers to make it look like DC
0:31
Speaker 1: was safer than it actually was. That's right, The United
0:35
Speaker 1: States Attorney for the District of Columbia, saying that our
0:38
Speaker 1: office is investigation into the Metropolitan Police Department revealed widespread
0:44
Speaker 1: miss classification of crime reports that made DC crime levels
0:50
Speaker 1: appear lower than they actually were, meaning fewer victims. The
0:55
Speaker 1: US Attorney for the District of Columbia revealed in a
0:57
Speaker 1: statement posted to our official ex account that in August
1:02
Speaker 1: of twenty twenty five, the United States Attorney's Office in
1:05
Speaker 1: DC began an investigation into the Metropolitan Police Department's reported
1:11
Speaker 1: deflation of crime statistics. The need for accurate information to
1:15
Speaker 1: fight crime, she went on to say, is essential, but
1:19
Speaker 1: that wasn't what Democrats were doing at all in DC.
1:23
Speaker 1: They just wanted to lie to the people while crime
1:26
Speaker 1: was out of control, saying it's not as bad as
1:28
Speaker 1: you think it is. She went on to say this,
1:31
Speaker 1: after review of almost six thousand reports and the interview
1:36
Speaker 1: of over fifty witnesses, it is evident that a significant
1:41
Speaker 1: number of reports had straight up been misclassified, making crime
1:46
Speaker 1: appear artificially lower than reality. Now, the uncovering of these
1:51
Speaker 1: manipulated crime statistics make clear that President Trump has reduced
1:56
Speaker 1: crime even more than originally thought. Since crimes were actually
2:00
Speaker 1: higher than reported, his crime fighting efforts have delivered even
2:04
Speaker 1: more safety to the people of the District of Columbia.
2:08
Speaker 1: Judge Janine concluded that quote, while the conduct did not
2:12
Speaker 1: rise to the level of a criminal charge, it is
2:16
Speaker 1: up to the MPD to take steps to internally address
2:19
Speaker 1: these underlying issues. Even more about this has broken since then,
2:25
Speaker 1: and the jow Dopping report has just come out from
2:28
Speaker 1: the House, just to confirm what we all knew. The
2:33
Speaker 1: left wing DC police chief falsified crime statistics, cooking the
2:39
Speaker 1: books to make her city seem much safer than it
2:43
Speaker 1: actually was. All Right, it's almost Christmas, and if you're
2:46
Speaker 1: a patriot, you're gonna love this. For a limited time,
2:50
Speaker 1: Patriot Mobile is running the Red, White, and Blue Friday promotion,
2:55
Speaker 1: your one toier chance to get a free smartphone just
2:58
Speaker 1: for switching to America. Because only Christian, conservative wireless provider,
3:03
Speaker 1: You're gonna get a brand new phone, absolutely free while
3:07
Speaker 1: supplies last. For over twelve years, Patriot Mobile has been
3:11
Speaker 1: defending faith, family, and freedom while giving you unbelievable premium coverage.
3:17
Speaker 1: And they do that on all three major US networks. Now,
3:19
Speaker 1: if you travel internationally, you don't have to worry. I
3:22
Speaker 1: just went to Israel and I had perfect coverage the
3:25
Speaker 1: entire time. They've got unlimited data, mobile hotspots, international roaming.
3:29
Speaker 1: Like I just mentioned all of that for you, and
3:32
Speaker 1: when you switch, you never sacrifice quality or service. Hundreds
3:37
Speaker 1: of thousands have joined the movement because every bill you
3:40
Speaker 1: pay supports the First Amendment, the Second Amendment, the sanctity
3:44
Speaker 1: of life, and our veterans and first responders, as they
3:47
Speaker 1: give a portion of that bill at no extra cost
3:49
Speaker 1: to you back to those causes.
3:51
Speaker 2: So what are you waiting for?
3:53
Speaker 1: Keep your same number, keep your same phone, or get
3:55
Speaker 1: a brand new one. Upgrade to a free smartphone today,
4:00
Speaker 1: call them or go online Patriotmobile dot com slash ferguson.
4:06
Speaker 1: That's Patrion Mobile dot com slash ferguson or nine to
4:10
Speaker 1: seven to patriot and use a promo code ferguson and
4:14
Speaker 1: you are going to get a free month of service
4:17
Speaker 1: patrionmobile dot com slash ferguson or nine to seven to
4:21
Speaker 1: two Patriot. Right now, take a listen to this from
4:24
Speaker 1: Fox Led.
4:25
Speaker 3: A House overside committee now releasing a report accusing the
4:29
Speaker 3: outgoing DC Police.
4:30
Speaker 1: Chief manipulating data to artificially lower crime statistics.
4:35
Speaker 2: Bill Malusian looking at the numbers. He's live on the
4:38
Speaker 2: Hill with this Bill. What you find out? Bill, Good
4:41
Speaker 2: morning to you.
4:41
Speaker 4: Those House Oversight Committee Republicans say the bottom line of
4:45
Speaker 4: what their investigation found is that the outgoing DC Police
4:49
Speaker 4: chief was essentially cooking the books on crime data and
4:52
Speaker 4: trying to make the city seem a whole.
4:54
Speaker 2: Lot safer than it really was.
4:56
Speaker 4: Now, those House Republicans say what their investigation consisted of
4:59
Speaker 4: was interview uk youing all seven commanders of DC Metro
5:02
Speaker 4: Police's patrol districts, including a former commander who's currently suspended
5:06
Speaker 4: for allegedly tampering with crime stats in his own district,
5:10
Speaker 4: and These are some of the conclusions they've made in
5:12
Speaker 4: their report. They alleged that DC Metro Police Chief Pamela
5:15
Speaker 4: Smith pressured commanders to report lower crime stats by any
5:19
Speaker 4: means necessary. The commanders testified that Chief Smith even pushed
5:23
Speaker 4: them to pursue lesser charges that aren't publicly reported, even
5:27
Speaker 4: for serious crimes, and she required certain crimes to be
5:31
Speaker 4: reviewed by her office now. The report also says police
5:34
Speaker 4: commanders testified that Chief Smith punished them and retaliated against
5:38
Speaker 4: them if they tried to report accurate rising crime data,
5:42
Speaker 4: even braiding them in meetings and individually to pressure them
5:47
Speaker 4: into reporting those lower crime figures.
5:49
Speaker 2: Now.
5:49
Speaker 4: In a statement on the report, House Overside Committee Chairman
5:52
Speaker 4: James Comer says, in part quote, Chief Pamela Smith coerced
5:55
Speaker 4: staff to report artificially low crime data and cultivated the
5:59
Speaker 4: culture of fear to achieve her agenda.
6:01
Speaker 1: A culture of fear to attempt to attain her agenda,
6:07
Speaker 1: The DC Police chief rigged the data. She didn't actually
6:12
Speaker 1: fight crime, She just lied about the crime stats. Pressuring
6:18
Speaker 1: the commanders to report lower crime statistics, push them to
6:24
Speaker 1: pursue lesser charges for serious crimes, required certain crimes to
6:31
Speaker 1: actually be reviewed by our office. Not because she was
6:33
Speaker 1: afraid of what was happening on the streets in the
6:37
Speaker 1: district of Columbia. No no, no, no, no, so that she could
6:41
Speaker 1: misclassify them so it wouldn't seem as dangerous and retaliated
6:47
Speaker 1: and punished individuals if they reported crimes accurately. You look
6:53
Speaker 1: at this data and you hear what I just played
6:57
Speaker 1: for you. It is shocking to know that this was
7:02
Speaker 1: how things are being run. We found out even more
7:06
Speaker 1: from Fox News Channel about all of this in a
7:10
Speaker 1: later report in the afternoon.
7:13
Speaker 2: Take a listen, all.
7:15
Speaker 5: Right, and moments ago, US Attorney Janin Piro here in Washington,
7:19
Speaker 5: d C. Responding to allegations the DC crime data was
7:23
Speaker 5: manipulated by the outgoing police chief, Pamela Smith. That claim
7:27
Speaker 5: coming from a new House Oversight Committee report. Our Congressional
7:30
Speaker 5: corresponded to Bill Malojia and with the latest on Capitol Hill,
7:33
Speaker 5: Bill well John.
7:35
Speaker 4: Republicans on the House Oversight Committee say their investigation concluded
7:39
Speaker 4: that this outgoing DC police chief was trying to make
7:42
Speaker 4: the city seem a whole lot safer than it really was,
7:45
Speaker 4: and she was doing it by allegedly cooking.
7:47
Speaker 2: The books on crime statistics.
7:50
Speaker 4: So the Republicans on the committee say their investigation consisted
7:53
Speaker 4: of interviewing seven different DC Metro Police commanders who represent
7:58
Speaker 4: all of the patrol districts out here, included a former
8:01
Speaker 4: commander who's currently suspended for allegedly tampering with crime stats
8:05
Speaker 4: in his own district. And these are some of the
8:08
Speaker 4: conclusions they've made in their report. Number one, they alleged
8:11
Speaker 4: that DC Metro Police Chief Pamela Smith pressured commanders to
8:14
Speaker 4: report lower crime stats by any means necessary. Commanders testify
8:19
Speaker 4: that Chief Smith pushed them to pursue lesser charges that
8:23
Speaker 4: aren't publicly reported, even for serious crimes, and she also
8:27
Speaker 4: required certain crimes.
8:28
Speaker 2: To be reviewed by her office.
8:30
Speaker 4: In a statement on this report, House Overside Committee Chairman
8:33
Speaker 4: James Comer says, in part quote, Chief Pamela Smith coerced
8:36
Speaker 4: staff to report artificially low crime data and cultivated a
8:40
Speaker 4: culture of fear to achieve her agenda. Chief Smith's decision
8:43
Speaker 4: to mislead the public by manipulating crime stats is dangerous
8:47
Speaker 4: and undermined trust in both local leadership and law enforcement. Meanwhile,
8:51
Speaker 4: DC Mayor Muriel Bowser was asked to respond to the
8:54
Speaker 4: House Overside Committee Republicans' findings earlier this morning.
8:57
Speaker 2: Take a listen.
8:59
Speaker 6: I don't see in the app of that if the
9:01
Speaker 6: claim is, and I don't think anybody has demonstrated that
9:04
Speaker 6: the police chief directed anybody to change numbers when those
9:09
Speaker 6: when the committee provides me their backup information, which they
9:12
Speaker 6: haven't when the committee provided the report to the Washington
9:17
Speaker 6: Post before they provided it to us. Highly unusual when
9:21
Speaker 6: you're talking about an audit of numbers and.
9:26
Speaker 4: John just moments ago, the US Attorney here in DC,
9:28
Speaker 4: Janine Piro, responded to this report. She put out a
9:31
Speaker 4: statement on x which essentially says that yes, these crime
9:35
Speaker 4: stats were manipulated, and the manipulation of that data shows
9:39
Speaker 4: that President Trump has reduced crime here in DC a
9:42
Speaker 4: whole lot more than initially thought. She went on to
9:45
Speaker 4: say that what happened here with the crime stats does
9:47
Speaker 4: not rise to the level of any criminal charges or
9:50
Speaker 4: a crime, but that the DC Police Department has to
9:53
Speaker 4: change their.
9:53
Speaker 2: Practices moving forward. We'll send it back to you.
9:56
Speaker 5: Yeah, I know that before everything changed in the summer,
9:59
Speaker 5: we were all hearing, well, the crime is down in DC,
10:01
Speaker 5: and none of us said anything to peg that toos.
10:05
Speaker 1: None of us had any of that to peg it to.
10:07
Speaker 1: So the DC Police chief manipulating the crime data, artificially
10:12
Speaker 1: lowering the crime stats and coerce staff to report low
10:16
Speaker 1: data and cultivated a culture of fear to achieve her
10:19
Speaker 1: agenda and didn't punish the criminals. She punished the DC
10:25
Speaker 1: police officers to pursue lesser charges for serious crimes. This
10:32
Speaker 1: is the Democratic Party and it's exactly why Donald Trump
10:35
Speaker 1: won the election. It's also exactly why he's fighting crime
10:39
Speaker 1: all over the country and sending in the National Guard
10:42
Speaker 1: because even in cities where Democrats claim crime was dropping.
10:47
Speaker 2: Waste, fraud, and abuse.
10:49
Speaker 1: It's part of what the Trump administration said they were
10:51
Speaker 1: going to expose in our government. It's part of what
10:55
Speaker 1: DOGE was created to stop. Well, now we have a
10:58
Speaker 1: new report out from the US Government Accountability Office and
11:02
Speaker 1: it is raising shocking concerns about fraud and deliberate in
11:08
Speaker 1: proper payments within the Affordable Care Act and the insurance exchanges.
11:12
Speaker 1: The Government Accountability Office releasing the preliminary Watchdog report showing
11:18
Speaker 1: not only that, but serious vulnerabilities in the ACA marketplace
11:22
Speaker 1: subsidies and people are making billions of dollars off of
11:27
Speaker 1: our tax dollars with fraud. Federal auditors created fictitious identities
11:34
Speaker 1: to test the system. All fake applicants in twenty twenty
11:39
Speaker 1: four were approved for subsidized coverage. In fact, eighteen of
11:45
Speaker 1: the twenty fake applicants remained active into twenty twenty five.
11:50
Speaker 1: Fake and rollies were awarded thousands of dollars in subsidies
11:55
Speaker 1: per month, taxpayers' money automatically paid to the insurre And
12:00
Speaker 1: now you know why the insurance industry is giving record
12:05
Speaker 1: dollars to Democrats who were in office. The watchdog has
12:10
Speaker 1: not completed its full final report. The lawmakers are already
12:14
Speaker 1: calling the preliminary findings not just alarming, but damning. House
12:20
Speaker 1: Speaker Mike Johnson saying this last night on Fox News Channel.
12:24
Speaker 3: The Government Accountability Office just came out with a new
12:27
Speaker 3: report this past week, Laura, and it is astounding. Just
12:30
Speaker 3: for example, over the last two years, they submitted twenty
12:33
Speaker 3: four two dozen totally fraudulent applications for these Unaffordable Care
12:38
Speaker 3: Act subsidies. Okay, twenty three out of twenty four were approved.
12:41
Speaker 3: There were no sub security numbers provided, no verification for
12:44
Speaker 3: incoun or even citizenship. Okay, of course not right. This
12:48
Speaker 3: tens of thousands of dollars paid to each one of those,
12:51
Speaker 3: to the insurance companies for people that do not exist, Okay,
12:55
Speaker 3: dead people, ninety four million dollars. If taxpayer dollars paid
12:58
Speaker 3: insurance companies for people that have been deceased, then you
13:02
Speaker 3: had soci security numbers sixty eight thousand, So security numbers
13:05
Speaker 3: in twenty twenty four alone were used for multiple persons,
13:08
Speaker 3: in other words, multiple people using one number to builk
13:12
Speaker 3: the system and defraud it. That's the system that the
13:14
Speaker 3: Democrats created. That's the one they want us to subsidize.
13:17
Speaker 3: So when we go forward with the truth, we explain
13:20
Speaker 3: to the American people the reason their cost out of
13:22
Speaker 3: control is because they created a broken system. We have
13:24
Speaker 3: the solutions to fix it. That is the message and
13:27
Speaker 3: the truth. I think that's going to prevail as you
13:29
Speaker 3: go into the election year.
13:31
Speaker 1: Obamacare sold is affordable care. It's not that at all.
13:35
Speaker 1: Ninety four million send to insurers for people that were dead. Now,
13:39
Speaker 1: how much that ninety four million is going to come
13:41
Speaker 1: back the American taxpayer, I think you know the answer, No,
13:44
Speaker 1: none of it is coming back. Sixty eight thousand security
13:48
Speaker 1: numbers used by multiple people to cheat the system, huge
13:54
Speaker 1: amounts paid to insurance companies, which are the top donors
13:57
Speaker 1: to Democrats in Congress, for countless thousands of people who
14:03
Speaker 1: literally don't exist. The question is would anybody go to
14:07
Speaker 1: jail because of the billions and billions in fraud? The
14:10
Speaker 1: answer I think you know now is no, that is
14:14
Speaker 1: not going to happen. We are not going to get
14:16
Speaker 1: our money back. So how do we now move forward?
14:21
Speaker 1: Number One, We've got to make sure that people understand
14:24
Speaker 1: just how unaffordable the Affordable Care Act is. Democrats have
14:29
Speaker 1: misled hardworking Americans and claim that the Affordable Care Act
14:33
Speaker 1: with lower health care premiums when their law was enacted.
14:36
Speaker 1: What has happened since then? Premiums have skyrocketed. Since twenty fourteen,
14:43
Speaker 1: premium costs on the ACA exchanges have risen nearly two
14:48
Speaker 1: times faster than employer coverage. Why because they know the
14:53
Speaker 1: government money's there for the taking. It has also been
14:57
Speaker 1: more than three times faster then inflation. How do they
15:01
Speaker 1: get away with it when it's government dollars tax dollars.
15:05
Speaker 1: There is no real metric to business or to saying
15:09
Speaker 1: no again. The insurance companies know who to pay. That's
15:13
Speaker 1: the Democratic Party who then protects them and their record earnings.
15:17
Speaker 1: It is without question that the Unaffordable Care Act has
15:21
Speaker 1: failed the American people, and now Republicans are having to
15:24
Speaker 1: deal with a fallout and trying to fix it. What
15:28
Speaker 1: we know is the Affordable Care Act is anything but affordable.
15:31
Speaker 1: In fact, it's already a disaster, and without the government subsidies,
15:35
Speaker 1: nobody could afford it. But this is where we are
15:38
Speaker 1: with the Democratic Party now. Constantly they lie and they
15:42
Speaker 1: try to tell you that the Affordable Care Act is working,
15:46
Speaker 1: that it is something you should be proud of. Well,
15:49
Speaker 1: House Republicans have introduced a bill to lower healthcare premiums
15:54
Speaker 1: for all Americans. Here's more of what Speaker Johnson had
15:57
Speaker 1: to say about that.
15:59
Speaker 3: We're very close and we're delighted to present this and
16:02
Speaker 3: put it through the House next week. Here's the important thing.
16:04
Speaker 3: You said it very well, Laura. The Democrats broke America's
16:08
Speaker 3: healthcare system fifteen years ago when they came out with
16:11
Speaker 3: that Obamacare proposal, the Unaffordable Care Act. It did exactly
16:15
Speaker 3: the opposite of every single thing they promised. Premiums have
16:18
Speaker 3: skyrocketed in some categories up to seventy or ninety percent
16:22
Speaker 3: in the last fifteen years. They will continue to skyrocket.
16:25
Speaker 3: So the Democrats proposal right now is subsidize it further.
16:28
Speaker 3: They want the American tax payer to give billions of
16:31
Speaker 3: dollars to insurance companies in a program that is just
16:34
Speaker 3: riddled with fraud, waste abuse.
16:36
Speaker 2: We're not going to do that.
16:37
Speaker 3: Republicans are bringing common sense solutions. We are bringing solutions
16:41
Speaker 3: forward that will actually lower the premiums for all Americans.
16:44
Speaker 3: It's long overdue, and we've got some great ideas to
16:46
Speaker 3: do it.
16:47
Speaker 1: You listen to the fix there from the speaker, and
16:49
Speaker 1: he's right, there has to be a fix. When you
16:51
Speaker 1: have a system that is paying huge amounts to insurance
16:55
Speaker 1: companies for countless thousands of people who don't exist. It's
16:59
Speaker 1: a problem and you may ask yourself, how to the
17:01
Speaker 1: insurance companies even allow this to happen. Well, if someone
17:06
Speaker 1: doesn't exist, isn't that literally the best possible person that
17:10
Speaker 1: you could ensure. In fact, you could also argue that
17:13
Speaker 1: the insurance companies have actual incentives to take money from
17:17
Speaker 1: the government for people that don't exist. That's why this
17:21
Speaker 1: undercover investigation in rolling twenty three out of twenty four
17:24
Speaker 1: fictional applicants for subsidized health insurance plans to the ACA
17:28
Speaker 1: exchanges should make everyone angry. I don't care if you're
17:32
Speaker 1: a Republican or a Democrat. They also know and they've
17:37
Speaker 1: been warned of these significant vulnerabilities and lacks anti fraud protections.
17:43
Speaker 1: The report actually suggests that there could be widespread fraud
17:46
Speaker 1: in multiple areas of the country where this is being exploited.
17:51
Speaker 1: You also have to go back to the other client
17:54
Speaker 1: of the insurance company, which is the best client you'll
17:56
Speaker 1: ever have. Ninety four million sent to insurers for those
17:59
Speaker 1: who are dead. Now, if you're an insurance company, what
18:03
Speaker 1: is cheaper and what is more guaranteed to your bottom
18:06
Speaker 1: line than premiums being paid on a human being that's dead.
18:09
Speaker 1: You don't have to ever worry about a claim. Why
18:11
Speaker 1: would you tell the government or try to stop that
18:13
Speaker 1: type of fraud when it's ninety four million literally directly
18:17
Speaker 1: to your bottom line. The GOA report finding that more
18:22
Speaker 1: than the ninety four million we're sent directly the insurance
18:25
Speaker 1: companies on behalf of individuals that are dead. These are
18:29
Speaker 1: what you would describe as fraudulent payments involved using dead peoples,
18:34
Speaker 1: social Security numbers and other information to then get the payouts.
18:40
Speaker 1: Now House Budget GOP saying, it is important that we
18:45
Speaker 1: note the issue is improper government payments and improper government
18:49
Speaker 1: payments to our very good friends over at the insurance companies,
18:54
Speaker 1: their premiums have skyrocketed. Programs like Medicaid and even COVID
18:59
Speaker 1: ninete teen stimulus checks are another example of the waste, fraud,
19:03
Speaker 1: and abuse. Every government program seems to be covered up
19:06
Speaker 1: with people that are taking advantage of it, people that
19:09
Speaker 1: are dead, people that should never get the benefits, who
19:13
Speaker 1: are getting the benefits, which is where the Trump administration
19:16
Speaker 1: comes in. What the Trump administration is now said is
19:20
Speaker 1: the government is working on these solutions, such as using
19:23
Speaker 1: the Social Security Administration's Death Master file to identify and
19:28
Speaker 1: stop such fraudulent payments. And what are Democrats saying about that.
19:33
Speaker 1: They're not advocating for it. They're fighting literally against it
19:38
Speaker 1: tooth and nail because they want the money to keep
19:40
Speaker 1: flowing to their biggest donors, the healthcare insurance industry. An
19:47
Speaker 1: alarm was sounded last year during the presidential election, and
19:51
Speaker 1: it's one that the Trump administration is trying to fix
19:54
Speaker 1: right now. It deals with the unaffordability of housing. And
19:58
Speaker 1: it's a sad statistic, but now many Americans up until
20:03
Speaker 1: their forties can't afford the American dream to buy a home.
20:08
Speaker 1: Much of that is caused because of lower end housing
20:12
Speaker 1: and the price for it has skyrocketed because of the
20:15
Speaker 1: massive influx of illegal immigrants coming into this country. Even
20:20
Speaker 1: during the government shutdown, the US Treasury Secretary of Scott
20:23
Speaker 1: Mescent had this to say about housing, the tariffs, and
20:27
Speaker 1: how expensive it has gotten for Americans to survive.
20:31
Speaker 7: Jerome Powell yesterday kind of threw some cold water, it
20:36
Speaker 7: seems came across to a lot of people, including yours,
20:38
Speaker 7: truly throw cold water on the Asian trip by saying
20:43
Speaker 7: basically that the rate cut in December wasn't a foregone conclusion.
20:47
Speaker 7: Your reaction to Powell's decision to give those remarks yesterday.
20:53
Speaker 8: Look, I think as endemic of a FED that has
20:57
Speaker 8: been completely wrong, whether it's on tariffs or the economy.
21:04
Speaker 8: They started cutting rates. I think that we should be
21:09
Speaker 8: in a cycle here. And I'm not sure what the
21:14
Speaker 8: problem is with the voters. Last year, they voted for
21:20
Speaker 8: the massive fifty point or fifty basis point rate cut
21:24
Speaker 8: in September before the election in November, clearly very political.
21:29
Speaker 8: Then two rate cuts after that, and the labor market
21:35
Speaker 8: was in better shape than the inflation levels were the same,
21:40
Speaker 8: So you know, I'm afraid that the Board may be
21:44
Speaker 8: playing politics here. And what's really discouraging is we were
21:50
Speaker 8: starting to see signs of a nascent recovery in the
21:53
Speaker 8: housing market. Housing market is obviously the most interest rate
21:58
Speaker 8: sensitive sector of the economy. Americans have been pushed out
22:02
Speaker 8: of affordability in the housing market and this isn't helpful
22:07
Speaker 8: what the Fed's doing here. And when I look, rents
22:11
Speaker 8: are down and that's one of the biggest components of inflation.
22:15
Speaker 8: So it's like they want to have a nation of
22:17
Speaker 8: renters and not owners.
22:19
Speaker 1: It's almost like they don't want them to buy a home.
22:24
Speaker 1: That really does seem to be the plan of the
22:27
Speaker 1: Democratic Party and it's incredibly frustrating. But the good news
22:32
Speaker 1: is the policies of this administration are bringing news to
22:37
Speaker 1: many Americans that have been forced into renting. The Treasury
22:41
Speaker 1: Secretary announcing today that mass deportations, including self deportations, in
22:46
Speaker 1: the millions now are bringing rents down for working class Americans.
22:52
Speaker 1: Treasury Secretary of Scott Besson saying President Trump's mass deportation
22:56
Speaker 1: agenda is doing exactly what he said it was going
23:00
Speaker 1: to do. It was going to bring down the cost
23:03
Speaker 1: for working in lower and middle class Americans. Last month,
23:07
Speaker 1: for example, and this is the data that matters, apartment
23:11
Speaker 1: rents finally fell one point one percent compared to the
23:15
Speaker 1: same time last year, and they have dropped five point
23:18
Speaker 1: two percent compared to the same period in twenty twenty two,
23:22
Speaker 1: when rents had peaked in this country. During an interview
23:27
Speaker 1: on Fox Business Channel, Treasury Secretary credit the deportations for
23:31
Speaker 1: helping drive down rents and pointing to a recent study
23:35
Speaker 1: by the Wharton School of the University of Pennsylvania which
23:38
Speaker 1: found a deep correlation between immigration and housing costs. Quote,
23:44
Speaker 1: rents are down. You know the story that the Biden
23:47
Speaker 1: administration doesn't want to talk about the mass, unfettered immigration
23:52
Speaker 1: that pushed up rents, especially for working Americans. Here's more
23:57
Speaker 1: of what he had to say on Fox Business Channel
23:59
Speaker 1: with Marie we have Bartiromo.
24:01
Speaker 9: How do you explain this new stress that we're talking
24:05
Speaker 9: about that keeps showing up in all the polls that
24:07
Speaker 9: people are stressed about housing, stressed about the cost of food.
24:11
Speaker 9: What is the administration's plan to rain in the cost
24:14
Speaker 9: of food and housing.
24:15
Speaker 8: Well, Maria, people should be stressed because it's Biden inflation.
24:19
Speaker 8: As I said, it was worst inflation in fifty years.
24:23
Speaker 8: And stratigis the brokerage firm who you know well had something.
24:28
Speaker 8: Jason Triner had something called the common Man Index, which
24:31
Speaker 8: was working Americans. So the accumulated CPI during the Biden
24:37
Speaker 8: years called a twenty one twenty two percent for working Americans,
24:41
Speaker 8: it was thirty five.
24:42
Speaker 2: And that thirty five was just a wipeout.
24:45
Speaker 8: Because those groceries, insurance rent, and the auto and we
24:51
Speaker 8: are bringing that down. So an energy, which leads everything
24:56
Speaker 8: is coming down. Energy goes into grocery prices. So affordability
25:01
Speaker 8: has two components. So just like with the deficit, with
25:06
Speaker 8: the deficit, there are two parts to it. They're constraining
25:09
Speaker 8: spending and then upping revenues, which is what we're doing,
25:13
Speaker 8: which is why we had this several hundred billion dollar
25:17
Speaker 8: contraction with affordability. I suspect that we are going to
25:22
Speaker 8: see a substantial drop in inflation. The first six months
25:25
Speaker 8: and next year, rents are down. The story that the
25:29
Speaker 8: Biden administration doesn't want to talk about the mass unfettered immigration,
25:34
Speaker 8: they have pushed up rents, especially for working Americans. There's
25:38
Speaker 8: a recent study out from Wharton School that shows every
25:42
Speaker 8: one percent increase in population, rents one up one percent.
25:46
Speaker 8: So President Trump, by the enforcing the border sending home
25:51
Speaker 8: more than two million illegals rents, we're now seeing D
25:55
Speaker 8: and C rents coming down substantially. I think that that
25:58
Speaker 8: will continue this for the rest of the year. We
26:02
Speaker 8: brought interest rates down, so we've seen mortgage rates down,
26:07
Speaker 8: and I think everything else will follow that.
26:10
Speaker 1: Now the Treasury Secretary isn't the only one talking about
26:13
Speaker 1: exactly the problem with affordability.
26:15
Speaker 2: The Vice President JD.
26:17
Speaker 1: Vance hitting the road talking about this exact issue, and
26:20
Speaker 1: what he halso I had to say is about how
26:22
Speaker 1: many young people are now being left behind because the
26:25
Speaker 1: Biden administration policies, and they're stopping it now.
26:29
Speaker 10: I know that there are a lot of people out
26:30
Speaker 10: there Sean who are saying things are expensive, and we
26:34
Speaker 10: have to remember they're expensive because we inherited this terrible
26:38
Speaker 10: inflation crisis from the Biden administration. But you've already seen
26:42
Speaker 10: signs that things are getting better. The price of eggs
26:45
Speaker 10: has gone way down, the price of energy has gone
26:48
Speaker 10: way down, the price of gasoline has gone way down.
26:51
Speaker 10: And as we know, when the price of energy goes down,
26:55
Speaker 10: that starts to filter out into the entire economy. But
26:57
Speaker 10: that also takes a little bit of time. There's another
27:00
Speaker 10: component of this sean, which to me is maybe the
27:01
Speaker 10: most important, because I care so much about our young
27:04
Speaker 10: people being able to afford a good life. A lot
27:06
Speaker 10: of young people are saying housing is way too expensive.
27:10
Speaker 2: Why is that? Because we flooded the.
27:12
Speaker 10: Country with thirty million illegal immigrants who were taking houses
27:17
Speaker 10: that ought by right go to American citizens. And at
27:19
Speaker 10: the same time, we weren't building enough new houses to
27:22
Speaker 10: begin with, even for.
27:23
Speaker 2: The population that we had. So what we're doing is
27:26
Speaker 2: trying to.
27:27
Speaker 10: Make it easier to build houses, trying to make it
27:29
Speaker 10: easier to build factories and things like that.
27:31
Speaker 2: So that people have good jobs.
27:33
Speaker 10: We're also getting all of those illegal aliens out of
27:35
Speaker 10: our country. And you're already seeing it start to pay
27:38
Speaker 10: some dividends.
27:40
Speaker 1: You're already seeing it start to pay some dividends, which
27:43
Speaker 1: brings me to jd Vance taking a very blunt job
27:46
Speaker 1: at President Joe Biden and the Democratic Party laying out
27:51
Speaker 1: the Trump administration's plan for the economy in twenty twenty six.
27:57
Speaker 10: If you go back to the four years of the
27:58
Speaker 10: Biden administration, why did housing get so expensive? Double in
28:03
Speaker 10: price during the Biden administration, It's because Joe Biden let
28:07
Speaker 10: in twenty million illegal immigrants who took homes that ought
28:10
Speaker 10: by right go to American citizens and to the people
28:13
Speaker 10: of this great state. We talk about why did healthcare
28:21
Speaker 10: get so unaffordable during the Biden administration, It's because Joe
28:25
Speaker 10: Biden allowed prescription drug companies to take advantage of this country.
28:31
Speaker 1: So there it is jd Vance saying housing got expensive, Yeah,
28:37
Speaker 1: double the price during the Biden administration. Joe Biden let
28:41
Speaker 1: in twenty million legal immigrants, you were competing with them
28:44
Speaker 1: for housing. Now we find out about other fraud with
28:48
Speaker 1: the Affordable Care Act, money going to Somalia, going to
28:52
Speaker 1: terrace in states where there's ways fraud and abuse. And
28:56
Speaker 1: that's exactly why he was out there today making it
29:00
Speaker 1: clear that if you're an legal immigrant, we're coming for you,
29:03
Speaker 1: and American citizens are going to be put back at
29:06
Speaker 1: the front of the line. Don't forget to share this podcast,
29:10
Speaker 1: by the way, with your family and your friends on
29:11
Speaker 1: social media. Wherever you can hit that subscribe or auto
29:14
Speaker 1: download button, and I'll talk to you again tomorrow