Latest / The Ben Ferguson Podcast / Trump at The Border & Sen Warren Out of Her Marxist Mind

Transcript

Trump at The Border & Sen Warren Out of Her Marxist Mind · The Ben Ferguson Podcast

0:01
Speaker 1: Comrade, Kamala, we're now being told, wants to raise taxes
0:05
Speaker 1: by a combined five trillion dollars. The corporate tax rate.
0:13
Speaker 1: She wants to jump to twenty eight percent in capital
0:16
Speaker 1: gains tax, more than double that of China. This is
0:21
Speaker 1: President Harris's right dream if she is the president of
0:26
Speaker 1: the United States of America. But what I do want
0:29
Speaker 1: to say, and I want to make clear here, is
0:32
Speaker 1: that Kamala Harris is now going for.
0:34
Speaker 2: Just open socialism.
0:36
Speaker 1: Take the money from the people, redistribute it, make everybody equal,
0:41
Speaker 1: and even no one is successful, no one is a failure.
0:44
Speaker 1: That is what they sell you on with communism. Now,
0:47
Speaker 1: while all this is happening, we have other threats we're
0:50
Speaker 1: learning about against Donald Trump. They are looking apparently for
0:54
Speaker 1: a man that threatened to kill him at the border.
0:57
Speaker 1: That happening as we speak, and he went to the
1:00
Speaker 1: border to talk about Kamala Harris ahead of her speech. Now,
1:04
Speaker 1: I want you to listen to what he had to say.
1:07
Speaker 1: I'm going to play that for you in a second,
1:09
Speaker 1: But I also want you to hear this warning that
1:12
Speaker 1: came as well. Their authorities are again, they say, searching
1:17
Speaker 1: for an Arizona man connected with a threat to kill
1:22
Speaker 1: Donald Trump.
1:24
Speaker 3: Fox News Alert forty four minutes past the hour. That's
1:28
Speaker 3: a live shot. We're waiting for President Donald Trump. He's
1:30
Speaker 3: on his border trip there in Arizona. He is about
1:32
Speaker 3: to speak sometime soon. We are told, as this news
1:36
Speaker 3: is just breaking out of Coaches County, Arizona, the sheriff's
1:40
Speaker 3: office there is confirming via a Facebook post that a
1:44
Speaker 3: manhunt is underway for a man who they believe has
1:48
Speaker 3: threatened to kill a presidential candidate. While we do note
1:53
Speaker 3: that this is the county where Trump is right now
1:57
Speaker 3: for his border event seen on your screen there, it
2:00
Speaker 3: is scheduled to start shortly, you may have seen reports
2:04
Speaker 3: via the Daily Mail that the candidate is Trump. We
2:07
Speaker 3: have not independently confirmed that, nor have we confirmed that
2:12
Speaker 3: this was specifically a threat for today. We don't have
2:16
Speaker 3: that yet, but we are reaching out to the sheriff's
2:17
Speaker 3: office right now for more details on that. Any more
2:22
Speaker 3: information we get on this, we will bring that to you.
2:24
Speaker 4: John, all right, So, the suspect's name is Ronald Lee Servid.
2:28
Speaker 4: He is a white male, six feet tall, wearing glasses,
2:32
Speaker 4: sixty six years of age. Last not address was Benson Arizona,
2:35
Speaker 4: which is just a little more than forty miles away
2:38
Speaker 4: from Modestuma pass or the President who's going to be
2:40
Speaker 4: speaking in the next few minutes, Aliciacunya is on the border. Now, Alicia,
2:45
Speaker 4: what can you tell us about this?
2:47
Speaker 5: Ah?
2:47
Speaker 6: Hi, John Well, I can tell you that the press
2:49
Speaker 6: is locked in the Pen area as we await the
2:51
Speaker 6: arrival of former President Trump. We do understand that he
2:54
Speaker 6: is on the ground in Cochise County, the same county
2:57
Speaker 6: as you mentioned, where the Sheriff's department has now release
3:00
Speaker 6: this statement that they are now underway in a man
3:03
Speaker 6: hunt for someone who was threatened to kill a presidential candidate.
3:06
Speaker 6: We are still working to confirm that that target, in
3:09
Speaker 6: fact was supposed to be former President Trump, and the
3:12
Speaker 6: location was supposed to be here, and the day was
3:15
Speaker 6: supposed to be today. We don't have any other additional information.
3:18
Speaker 6: I do believe we have the picture of the suspect,
3:21
Speaker 6: who we can put up right now.
3:23
Speaker 1: Again.
3:23
Speaker 6: I think you mentioned John. His name is Robert Ronald
3:26
Speaker 6: Lee Servitt. He's a white male, six feet glasses, sixty
3:31
Speaker 6: six years old. His last own address was in Benson, Arizona.
3:35
Speaker 6: That's about our hour and twenty minute drive from the
3:38
Speaker 6: city of Sierravice, about from where we're standing right now.
3:41
Speaker 6: So the Sheriff of Coaches County is actually going to
3:44
Speaker 6: be greeting the President today and is expected to be here.
3:47
Speaker 6: So we're hoping that we can get some sort of
3:49
Speaker 6: update from him. But yes, chilling information, a chilling update
3:53
Speaker 6: to get as the President is headed here as we
3:55
Speaker 6: do consider what happened earlier this summer, and also that
3:58
Speaker 6: the president just returned earned to those outdoor rallies where
4:02
Speaker 6: in fact he now has to have bulletproof glass in
4:05
Speaker 6: front of his body.
4:06
Speaker 1: Back to you, so you listen to this, and again
4:09
Speaker 1: I tell you this because it shows that there are
4:12
Speaker 1: people that were actually inspired by the assassination attempt on
4:17
Speaker 1: Trump just weeks ago, to the point where now they're
4:20
Speaker 1: having a man hunt for a man that said he
4:23
Speaker 1: was going to take out Donald Trump. Now, Donald Trump
4:26
Speaker 1: also went to the border and he talked about Kamway
4:30
Speaker 1: Harris and the coop attempt against Joe Biden. Take a
4:34
Speaker 1: listen to this. This was from the southern border.
4:36
Speaker 2: It was taken out. It was a coup.
4:39
Speaker 7: He got fourteen million votes and the person running now
4:43
Speaker 7: got none. She was disgraced, she was figured out by
4:47
Speaker 7: the Democrat voters.
4:49
Speaker 2: She never made it to Iowa.
4:51
Speaker 7: She was the first one out of approximately twenty two
4:54
Speaker 7: people that were running for the Democrat nomination. She never
4:58
Speaker 7: even made it to Iowa, beautiful place, Iowa, but she didn't.
5:03
Speaker 7: Plenty of people did and Biden got fourteen million votes.
5:09
Speaker 2: She got no votes, and now she's running against us.
5:12
Speaker 7: The good news is, I think we're winning in the
5:14
Speaker 7: polls based on what I'm seeing, and after the debate
5:18
Speaker 7: we were winning by many points, as you know, against Biden.
5:21
Speaker 7: They went in to see him. They said, you're losing,
5:23
Speaker 7: You're not going to win, you can't win. We're going
5:25
Speaker 7: to get you out. It was a coup of an
5:27
Speaker 7: American president, and it was done with anger, and he's
5:32
Speaker 7: more angry than anybody.
5:34
Speaker 2: And I'm no fan of his. I think he was
5:37
Speaker 2: perhaps the worst president.
5:38
Speaker 7: He was the worst president, largely because of what's happened
5:41
Speaker 7: at the border is allowed, in my opinion and in
5:44
Speaker 7: the opinion of the gentleman behind me who know this
5:46
Speaker 7: better than anybody, much more than twenty million people into
5:49
Speaker 7: our country, many from prisons and jails, many from mental institutions,
5:56
Speaker 7: insane asylums and many terrorists.
5:59
Speaker 2: And this was when I left. This is a very famous.
6:02
Speaker 7: Chart now because this chart probably saved my life.
6:05
Speaker 2: But this chart is.
6:07
Speaker 7: Showing the arrow on the bottom shows that this was
6:12
Speaker 7: the lowest. This was the last week in office for
6:15
Speaker 7: me because of a horrible, horrible election where I got
6:20
Speaker 7: many millions more votes than I got the first time,
6:23
Speaker 7: but didn't quite make it just a little bit short.
6:26
Speaker 7: We've got to clean up our voters, we have to
6:27
Speaker 7: clean up our elections, and we're not going to have
6:29
Speaker 7: a country. But that's my last week. The arrow on
6:32
Speaker 7: the bottom, you see, that's the lowest point.
6:34
Speaker 2: As the gentlemen we're talking.
6:36
Speaker 7: That's the lowest point in the recorded history of the border.
6:40
Speaker 2: This was done by border patrol. This wasn't done by Trump.
6:43
Speaker 7: This was done by Border patrol working with Ice and
6:46
Speaker 7: law enforcement. And that's what we're gonna do again. If
6:53
Speaker 7: you take a look interestingly at the all of the
6:58
Speaker 7: wall that's laying on its side, that could have been
7:01
Speaker 7: put up in a matter of weeks.
7:02
Speaker 2: It was all set to go.
7:03
Speaker 7: It was all cut out, and if you look at
7:06
Speaker 7: the top of the mountain behind us, it was all shaped,
7:10
Speaker 7: all ready to go. Could have been put up in
7:12
Speaker 7: a few weeks. Much of it's been sold for five
7:15
Speaker 7: cents on the dollar. It's very expensive. I worked with
7:18
Speaker 7: Border Patrol very close, so we worked Brandon, We worked
7:21
Speaker 7: with all.
7:21
Speaker 2: Of Paul, all of your people, and we wanted.
7:25
Speaker 7: To design something that worked. And we actually had mountain climbers.
7:29
Speaker 7: We even had drug climbers. They call them drug climbers.
7:32
Speaker 7: They can get over a wall like can it's so incredible.
7:35
Speaker 7: With seventy five pounds of drugs on their back, they
7:37
Speaker 7: can climb up things. And we designed this after looking
7:42
Speaker 7: at a lot of different designs, and that's an anti
7:45
Speaker 7: climb panel that makes it very tough for somebody to climb.
7:50
Speaker 7: This was the one that was They wanted a little
7:52
Speaker 7: more expensive version, but this is the one that's a
7:54
Speaker 7: very important panel on top, and it's called anti climb.
7:59
Speaker 2: And this was put in here.
8:00
Speaker 7: Just to shade us because a lot of rough people
8:03
Speaker 7: on the other side. So if you get you the media,
8:06
Speaker 7: you want to be shaded. This gets taken off. This
8:09
Speaker 7: is just temporary to shade us from potential hazard. We
8:14
Speaker 7: know about hazards, but all of this wall was built
8:18
Speaker 7: at great expense. And all it had to be erected.
8:21
Speaker 7: We just had to be stood up on his end.
8:24
Speaker 7: Concrete on the bottom goes down six feet. That also
8:28
Speaker 7: went down and shielded from tunnels because we went down
8:31
Speaker 7: about as far as it's practical for.
8:33
Speaker 2: Them to go down.
8:34
Speaker 1: Whatever Donald Trump was trying to do to protect the
8:36
Speaker 1: southern border, they undid it, which is allowed for the chaos, anarchy.
8:41
Speaker 1: And what are we talking about now, twenty million illegal
8:43
Speaker 1: immigrants coming into this country. Those that they actually want
8:47
Speaker 1: to give free housing too, and medical care and everything else.
8:50
Speaker 1: This is what they do. Listen to more of what
8:53
Speaker 1: Trump had to say about the wall.
8:54
Speaker 7: Tunnels on the walls, we went down pretty deep. We'd
8:58
Speaker 7: go down a lot deeper than the wall. Very tough
9:00
Speaker 7: for them, and we stopped that and we stop people
9:04
Speaker 7: from coming over. But when they refused to, I built
9:07
Speaker 7: hundreds of miles of this, by the way, as far as.
9:09
Speaker 2: The eye can see.
9:10
Speaker 7: You look at the other direction, as far as the
9:13
Speaker 7: eye could see, and then I'd hear people say, oh,
9:15
Speaker 7: he didn't.
9:15
Speaker 2: Build the wall. We built the wall.
9:17
Speaker 7: We built much more than I was anticipated to build,
9:20
Speaker 7: and we were going to build an extra two hundred
9:23
Speaker 7: miles much of this as that, which is much more
9:25
Speaker 7: than I said I was going to do, because as
9:27
Speaker 7: we built it, they would go around the edges, so
9:31
Speaker 7: we were going further and further out, and it worked.
9:34
Speaker 7: We had the best numbers ever and we had him
9:36
Speaker 7: largely because of the wall, and also because the Mexican
9:38
Speaker 7: military helped us, which they never helped at any time.
9:42
Speaker 7: They never helped, and we were very proud of it.
9:47
Speaker 7: So we went from the best numbers and recorded history
9:50
Speaker 7: to the worst numbers in recorded history or any other history.
9:54
Speaker 7: And we have a Marxist that's running and I don't
9:57
Speaker 7: think you can let her with. This country is not
9:59
Speaker 7: ready for a Marxis president. She will never build the wall.
10:03
Speaker 7: She doesn't want to build the wall. She's only saying
10:05
Speaker 7: if she changes her mind. It's only because she wants
10:08
Speaker 7: to get elected, because who wouldn't want to have a
10:11
Speaker 7: strong border. You need strong borders and strong elections, and
10:15
Speaker 7: we have neither. But we're going to have very strong borders,
10:18
Speaker 7: or we're going to have very strong elections soon.
10:21
Speaker 2: We are. The people is fed up.
10:26
Speaker 7: It's common sense. The people are just fed up. And
10:30
Speaker 7: you saw it. Everybody coming from the airport saw the
10:33
Speaker 7: thousands and thousands of people lined up. It looked like
10:37
Speaker 7: Lindbergh coming in from what he did at the time Broadway.
10:41
Speaker 7: It was amazing when you see all those people for
10:44
Speaker 7: long drive from the airport and so many thousands and
10:48
Speaker 7: thousands of people, the people in my cars, I've never
10:50
Speaker 7: seen anything like that.
10:52
Speaker 2: We're in the middle of an area that's not.
10:54
Speaker 7: Well populated and have thousands of people like that is
10:58
Speaker 7: pretty unbelievable. I hope you got to see it, and
11:00
Speaker 7: I hope the press writes this story fairly, because it's
11:03
Speaker 7: a story.
11:05
Speaker 2: Of disgrace. We had a Borders Are, Who the borders Are?
11:09
Speaker 7: She loved the title, but she didn't want to do
11:11
Speaker 7: the work, or she's lazy, And probably more importantly than
11:14
Speaker 7: being lazy.
11:15
Speaker 2: She wants to have an open border.
11:18
Speaker 7: And you say, who would want an open border where
11:20
Speaker 7: criminals can pour into our country? And all you have
11:24
Speaker 7: to do is walk up there, if you have the
11:25
Speaker 7: courage to do it, and go to that open section,
11:28
Speaker 7: stand there for a little while, you'll be running back
11:30
Speaker 7: here very quickly. You really have to write this fairly,
11:33
Speaker 7: the story she people don't want to talk about the border.
11:36
Speaker 7: You don't want to talk about the bad things that
11:38
Speaker 7: are going on in our country.
11:39
Speaker 2: We're going to end up not having a country. You're
11:42
Speaker 2: not going to have any media. We don't have media.
11:45
Speaker 2: They don't have media. They do their own media. They
11:47
Speaker 2: don't need media. But you really should cover the story fairly.
11:51
Speaker 7: Before I begin, I have some I think very good
11:55
Speaker 7: words on the border and what to do and how
11:57
Speaker 7: to solve the problem.
11:58
Speaker 2: We had it solved. All they had to do is
12:00
Speaker 2: leave it. Leave it, just leave it.
12:03
Speaker 7: But before I begin, I want to address the fake
12:06
Speaker 7: job numbers. On top of everything else fellaws. Fake jobs,
12:10
Speaker 7: the fake job numbers that the Harris Biden administration has
12:14
Speaker 7: been reporting for the last year. Thanks to a leaker yesterday,
12:20
Speaker 7: meaning probably in this case, a patriot, they were forced
12:23
Speaker 7: to release numbers. They claimed falsely that they did it
12:31
Speaker 7: eight hundred and eighteen thousand jobs. So they said they
12:35
Speaker 7: did almost a million jobs, eight hundred and eighteen thousand
12:39
Speaker 7: jobs that actually didn't exist.
12:42
Speaker 2: They were phantom jobs they call phantom jobs.
12:45
Speaker 7: The reason they did that is because I was even
12:47
Speaker 7: a little surprised their job numbers look better, Because I
12:49
Speaker 7: know the economy is lousy. Everyone here knows it. It's lousy.
12:53
Speaker 2: These people behind me know it's lousy.
12:56
Speaker 7: We have the worst inflation, I believe in the history
12:59
Speaker 7: of our country, and that's absolutely killing people.
13:03
Speaker 2: But it's eight hundred and eighteen thousand.
13:06
Speaker 7: Jobs, almost a million, And these are just the jobs
13:08
Speaker 7: we found out about. There are there's a lot of
13:11
Speaker 7: other false things that now are being looked at. That
13:13
Speaker 7: number will increase. So they reported false numbers and this
13:19
Speaker 7: isn't a revision.
13:20
Speaker 2: There's never been anything like this.
13:22
Speaker 7: This is a fraud put out by Harris and by Biden,
13:28
Speaker 7: and they were going to release the real numbers. It's
13:31
Speaker 7: called a revision after the election, but it got found
13:35
Speaker 7: out before the election, and I hope you're going to.
13:38
Speaker 2: Write about it.
13:39
Speaker 7: But it's a big story, and it's a story that's
13:42
Speaker 7: going to be going very far. People very upset about it,
13:45
Speaker 7: including government officials, are very upset about it. Even people
13:50
Speaker 7: that are Democrats are very because it's a pure fraud.
13:53
Speaker 7: You know, when you have a revision, you have a
13:55
Speaker 7: few jobs one way or the other, and they get
13:56
Speaker 7: it straight at the end of the month. But this
13:58
Speaker 7: one was sheltered for a long time and they wanted
14:02
Speaker 7: to release it after November fifth.
14:04
Speaker 2: I wonder why you.
14:06
Speaker 1: Know you talk about this story and it is a
14:08
Speaker 1: huge story. Donald Trump put it out there, said, massive scandal.
14:11
Speaker 1: The Harris Biden administration has been caught fraudulently manipulating job
14:16
Speaker 1: statistics to hide the tricks to the economic ruin that
14:19
Speaker 1: they have inflicted upon America. New data from the Bureau
14:23
Speaker 1: of Labor Statistics shows that the administration padded the numbers
14:26
Speaker 1: with an extra eight hundred and eighteen thousand jobs that
14:30
Speaker 1: do not exist and never did. The real numbers are
14:34
Speaker 1: much worse than that. And if Comrade Kamala gets another
14:40
Speaker 1: four years, millions more jobs will vanish overnight, and inflation
14:45
Speaker 1: will completely destroy our country. Your life savings will be
14:48
Speaker 1: wiped out. With the Trump victory, we will once again
14:51
Speaker 1: have the greatest economy in history. By the way, I
14:55
Speaker 1: think there's a lot of people that look at that
14:56
Speaker 1: and say, you're probably right, but this is a He
15:00
Speaker 1: just described it a massive scandal, and the cover up
15:04
Speaker 1: from it should be headline news. They just lied to
15:09
Speaker 1: you and just made it all up. And if it
15:12
Speaker 1: wasn't for a leaker, if it wasn't for in essence,
15:16
Speaker 1: a whistleblower who came through and was like, hey, this
15:20
Speaker 1: is a lie. Okay, Like this isn't true. We wouldn't
15:25
Speaker 1: have known this till after election day because this is
15:28
Speaker 1: all about a coronation of Kamwa Harris accepting the nomination
15:34
Speaker 1: without ever having anyone cast a vote for her, zero
15:37
Speaker 1: primary votes, thirty two days without a press conference. Again,
15:42
Speaker 1: this is who she is. This is the campaign that
15:46
Speaker 1: they are running. They lie to you about him being
15:49
Speaker 1: a coach from his assistant coach. They lied to you
15:51
Speaker 1: about his service. He lied to you about his service.
15:53
Speaker 1: He lied to you about seeing combat referring to Wallas.
15:56
Speaker 1: She lies to you about the economy. She lies to
15:57
Speaker 1: you about the numbers of people that have jobs. All
16:01
Speaker 1: of this is just a flat out lie, and they're
16:05
Speaker 1: hoping that we're too stupid, that we are too dumb
16:11
Speaker 1: to figure out that the economy is actually bad. They're
16:16
Speaker 1: hoping that we'll never understand that, which is totally and
16:21
Speaker 1: utterly insane. I will say this because I do think
16:25
Speaker 1: this is what it comes down to and what we're
16:27
Speaker 1: going to learn this election is one simple thing. Because
16:30
Speaker 1: we gave up education, and we gave it up to
16:32
Speaker 1: those on the left, because we gave it up to
16:35
Speaker 1: the radicals, on the left and we handed over our
16:37
Speaker 1: kids and the public schools to them. The question is
16:41
Speaker 1: going to end up being this, were they able to
16:43
Speaker 1: turn this country into a communist country because they have
16:46
Speaker 1: kids that are so dumb that came through the system,
16:49
Speaker 1: that don't know how to read, don't know how to
16:50
Speaker 1: do writing, don't know how to do arithmetic, don't understand
16:52
Speaker 1: any of this. That's the big question, Okay. That for
16:58
Speaker 1: me is to tell all have we lost this country?
17:01
Speaker 1: Because in one generation you can change a country, and
17:05
Speaker 1: Democrats have been playing the long game. We're going to
17:09
Speaker 1: find that out, and it's scary, but we're going to
17:12
Speaker 1: find it out. On election day, Kamala Harris making her
17:17
Speaker 1: speech to America, but others around are also making their
17:20
Speaker 1: speech to you about why you need to elect them
17:22
Speaker 1: as a party. Senator Elizabeth Warren going full Socialists USSR style,
17:28
Speaker 1: saying we need the housing for everyone, and we need
17:31
Speaker 1: to make changes as a nation, and we're ready to
17:34
Speaker 1: do it, meaning the government would subsidize everyone's housing, everyone
17:39
Speaker 1: would be the same.
17:40
Speaker 8: I think we all probably took something a little different
17:43
Speaker 8: out of that sustained applause that you got.
17:48
Speaker 2: I felt it was like this pent up.
17:50
Speaker 8: I won't say frustration, because that's too negative of a word,
17:54
Speaker 8: but pent up energy for progressives, for the progressive cause,
18:01
Speaker 8: and it once again is underlined in this convention as
18:04
Speaker 8: Kamala Harris is firmly holding a place in the center
18:09
Speaker 8: of American politics.
18:13
Speaker 2: To me, progressives have.
18:16
Speaker 8: Done exactly what the base in Trump's Republican Party have
18:21
Speaker 8: not done. Progressives have been patient, they have been practical,
18:27
Speaker 8: they have been pragmatic, and they actually forgive me for
18:33
Speaker 8: using Ronald Reagan's name here speaking of progressives, but Reagan's
18:39
Speaker 8: attitude was if I get seventy percent, if I get
18:43
Speaker 8: seventy five percent of what I need, I.
18:47
Speaker 2: Don't consider that a loss.
18:48
Speaker 8: And I've been blown away throughout Biden's administration and even
18:54
Speaker 8: this convention.
18:54
Speaker 2: That progressives have said, we're in it to win it.
18:57
Speaker 8: And I felt last night was that eruption was for
19:02
Speaker 8: you and for progressives across America that say we're here.
19:07
Speaker 9: Yeah, because we are in it to make the changes
19:12
Speaker 9: that America wants us to make. You know, it's so
19:15
Speaker 9: easy for people to kind of get into this whole
19:17
Speaker 9: centrism then progress it the reality is the things that
19:21
Speaker 9: we are fighting for are the things that are popular
19:25
Speaker 9: in America.
19:26
Speaker 5: We talk about things like gun safety.
19:28
Speaker 9: Golly, ninety percent of Americans want to see us make change.
19:32
Speaker 9: And it's not just Democrats, Democrats, independence, Republicans.
19:36
Speaker 5: We want to see child care.
19:39
Speaker 9: Two out of every three Americans say, yeah, this is
19:42
Speaker 9: crazy that we are a nation that doesn't make it
19:45
Speaker 9: possible for parents to be able to go to work
19:49
Speaker 9: and know that their kids have safe, affordable child care.
19:53
Speaker 9: And you can just do this issue through issue and
19:56
Speaker 9: the issues we're still fighting for. We have got to
19:59
Speaker 9: make major investments in housing. We need more housing in
20:03
Speaker 9: this country, housing for everyone.
20:06
Speaker 5: We need to make change.
20:08
Speaker 9: As a nation, and we are ready to do it.
20:11
Speaker 9: We're not going to stand on the sidelines and say, oh,
20:14
Speaker 9: should have done it this way, could have done it
20:16
Speaker 9: that way. We're going to say we're willing to get
20:18
Speaker 9: in the fight. We're willing to take how hard it
20:22
Speaker 9: is and the bumps and the bruises, and to just
20:26
Speaker 9: keep pushing forward and make the changes that this nation needs.
20:31
Speaker 5: That's what we're going to do.
20:33
Speaker 1: That's what we're going to do. We need housing for
20:37
Speaker 1: everyone who need to make changes as a nation. What
20:40
Speaker 1: is the change it is going to socialism, to a
20:43
Speaker 1: USSR style government, and they're openly now talking about it.
20:48
Speaker 1: Kamala Harris advocating for this as well. Elizabeth Warren was
20:54
Speaker 1: on CNBC this morning in a very heated interview. They
20:58
Speaker 1: clashed over price gouging and he kept continuing at CNBC
21:03
Speaker 1: to try to speak a little bit of like truth
21:06
Speaker 1: right about price gouging, and she was getting beat up
21:11
Speaker 1: pretty bad. Her response was, well, you don't ever let
21:15
Speaker 1: me talk, which he clearly did. Lidwis Warren this morning
21:19
Speaker 1: on CNBC trying to defend these communist ideas.
21:23
Speaker 10: Take a look look at the Washington Post, and if
21:25
Speaker 10: you lose the Washington Post as a Democrat, you've got
21:27
Speaker 10: some serious problems. This is what they said about about
21:31
Speaker 10: the price gouging letter or the price control legislation. It
21:35
Speaker 10: was really pillory from both sides of the aisle. Even
21:40
Speaker 10: Jason Furman, I don't know if you saw some of
21:42
Speaker 10: his comments. He said, it's not good policy and it
21:46
Speaker 10: could actually do more.
21:47
Speaker 2: Harm than good.
21:48
Speaker 10: And I can paint you a picture of how that
21:51
Speaker 10: would work and how it's worked in the past, where
21:54
Speaker 10: we've tried to artificially hold prices down, competition doesn't come in.
21:59
Speaker 10: People don't like beef is too high. People don't move
22:02
Speaker 10: the chicken. The competitors don't come in to undercut where
22:05
Speaker 10: the beef prices are. Nothing works when you try to
22:08
Speaker 10: artificially control prices. It's just a supply and demand issue.
22:13
Speaker 2: It's a flawed idea.
22:14
Speaker 5: So did you have a question here?
22:17
Speaker 10: Yes, why would you propose a flawed idea when the
22:19
Speaker 10: real problem? So, if you really want to hold the
22:22
Speaker 10: middle class, if you really sincerely want to help people
22:25
Speaker 10: having trouble at the grocery store, it's not price gouging.
22:28
Speaker 10: That's the issue.
22:29
Speaker 2: And if you look at it.
22:30
Speaker 10: Seriously and really want to help them, then let's do
22:33
Speaker 10: something about it together.
22:34
Speaker 9: Fine, I understand if you want to do a lecture
22:38
Speaker 9: about this, but let's just start with where have you
22:40
Speaker 9: been for the last thirty years? As three dozen states
22:46
Speaker 9: have price gouging laws and they have used them effectively.
22:50
Speaker 9: States like Texas and Florida they've used price gouging laws.
22:55
Speaker 9: Price gouging laws are not price control. Price gouging law
23:00
Speaker 9: are to say, you know, sometimes markets go off the rails,
23:05
Speaker 9: and when they do, we need some ways to get
23:09
Speaker 9: them back on the rails. We need some curbs on
23:12
Speaker 9: that behavior. So, for example, we watched in the pandemic
23:16
Speaker 9: how prices went up for a whole lot of reasons.
23:19
Speaker 9: They went out partly because we had supply chain kinks.
23:23
Speaker 9: We had problems because of the war in Ukraine that
23:27
Speaker 9: cut supplies of certain commodities. And one of the things
23:31
Speaker 9: that happened as a result of that is there were
23:34
Speaker 9: corporations that said, WHOA, now that we have inflation, now
23:40
Speaker 9: that prices are up overall, this is a great opportunity
23:44
Speaker 9: for us to raise prices, not just in passing along costs.
23:48
Speaker 5: But to go way way way above that.
23:53
Speaker 9: And what how do we know that it was way
23:56
Speaker 9: way above just passing along costs. Look what happened to
24:01
Speaker 9: their profit margins. If they just been passing a long cost,
24:04
Speaker 9: profit margins would have stayed about the same. But for
24:08
Speaker 9: some industries, some companies, profit margins shot up.
24:13
Speaker 5: And you know where they shot up.
24:14
Speaker 9: Most often it was in companies or in industries where
24:19
Speaker 9: there was a lot of concentration, a lot of market power,
24:23
Speaker 9: places where the market is not functioning competitively. So you
24:27
Speaker 9: end up with someone you remember we all talked about
24:29
Speaker 9: egg prices. You end up with something like this giant
24:33
Speaker 9: egg producer cal Maine and Coalmine raises the price of eggs,
24:40
Speaker 9: their profit margins increase by seven hundred and eighteen percent.
24:47
Speaker 9: That's not just passing a long cost and that is
24:50
Speaker 9: a time in industry.
24:53
Speaker 10: In your example, can.
24:57
Speaker 5: I finished you finished first?
25:00
Speaker 9: In any think the individually around six country that already
25:04
Speaker 9: have price gouging?
25:05
Speaker 10: Can I tell you why that? Those are fallacious and
25:08
Speaker 10: misleading at best? And the craft your craft analogy is
25:11
Speaker 10: even why can't I tell you?
25:12
Speaker 2: Please?
25:13
Speaker 10: Let me tell you craft? You say was four hundred
25:15
Speaker 10: and profit increase? The example you used the prior quarter
25:20
Speaker 10: from the year before, they had a charge of.
25:23
Speaker 2: One point three.
25:24
Speaker 10: Billion dollars, an accounting change which wiped out profits.
25:28
Speaker 5: Then they earned what they normally could.
25:30
Speaker 10: They finished now they fought, they earned and.
25:33
Speaker 5: Let me finish. Look at the data.
25:36
Speaker 9: Come on, we have economic study now after economic studies
25:40
Speaker 9: show when there.
25:42
Speaker 10: Is more forty million eggstration.
25:48
Speaker 9: In an industry, we have seen much greater increases.
25:53
Speaker 2: Can you attribute the inflation?
25:55
Speaker 5: That's what you think we need to do to random?
25:58
Speaker 9: They are not random one off. It is part of
26:01
Speaker 9: the problem when you've got companies that are gouging consumers
26:06
Speaker 9: on prices. Consumers need to know they've got somebody on
26:10
Speaker 9: their we're trying to help, we're trying to actually do six.
26:16
Speaker 9: Where are you in the thirty six thirty seven states
26:19
Speaker 9: that currently have Pricelogically, we're.
26:24
Speaker 11: Never going to work.
26:26
Speaker 2: This is the way.
26:26
Speaker 10: You never lose an argument because no one can ever
26:29
Speaker 10: say anything back to you.
26:31
Speaker 1: Laws I mean, c NBC, you could just tell they'd
26:35
Speaker 1: had it with her because she's just straight up lying
26:38
Speaker 1: and not answering the question. You never lose an argument
26:42
Speaker 1: because no one can ever say anything back to you.
26:45
Speaker 1: And and that's absolutely right. Like if you're asked a
26:47
Speaker 1: tough question, just don't you know, just keep filibustering, just
26:52
Speaker 1: keep lying, just just just keep saying this stuff over
26:56
Speaker 1: and over and over again. Now you could hear the
26:59
Speaker 1: main the main house was very frustrated. The main host
27:04
Speaker 1: was angry. The main host was like, this is how
27:07
Speaker 1: you went arguments. You don't let anybody else speak, You
27:09
Speaker 1: don't you don't actually have to explain anything when you're challenged.
27:12
Speaker 1: You don't answer the question. And they brought in then
27:15
Speaker 1: one of the other hosts on squat Box, so like, okay,
27:17
Speaker 1: let's see if you can get anywhere with her. It
27:20
Speaker 1: didn't go much better. Keep listening.
27:23
Speaker 11: Take a They look at us when a state of
27:25
Speaker 11: emergency is declared, and they, for the most part say,
27:27
Speaker 11: if your prices go up ten or fifteen percent compared
27:30
Speaker 11: to before that state of emergency, you have to pay
27:32
Speaker 11: a fine.
27:33
Speaker 5: So on a national.
27:34
Speaker 11: Level, how exactly would this work? Would you define the
27:37
Speaker 11: state of emergency? Does it have to be declared on
27:39
Speaker 11: a national level? Are you then talking about a ten
27:41
Speaker 11: or fifteen percent increase in prices versus prior to that
27:44
Speaker 11: declaration and then companies have to pay a fine. Okay, fine,
27:47
Speaker 11: maybe that applies in one percent of the situations. But
27:50
Speaker 11: this legislation, which is still vague, as making it sound
27:53
Speaker 11: like something on the scale of broad price controls would
27:56
Speaker 11: be imposed broadly speaking, So which of the two systems?
28:00
Speaker 9: So it is not price controls. This is about when
28:04
Speaker 9: the market itself is not functioning. Sometimes markets don't function
28:09
Speaker 9: because there's been a localized emergency, a hurricane, a wildfire, flooding,
28:16
Speaker 9: and so in states that have these price gouging laws,
28:21
Speaker 9: they can come in and say, look, you can do
28:23
Speaker 9: some price increases, but if you're going above a certain level,
28:27
Speaker 9: you have to be able to justify it you have.
28:30
Speaker 9: What you're doing is past the long cause.
28:32
Speaker 10: Would it becompany, Senator, let's get let's go back to
28:36
Speaker 10: Cowmane because avian flu caused the destruction of forty million eggs.
28:41
Speaker 10: They have twenty percent market share. They have twenty percent,
28:44
Speaker 10: but they don't control the market. It's like ope, or
28:47
Speaker 10: it's like oil. When oil prices go up for whatever reason, or.
28:51
Speaker 2: They go down.
28:52
Speaker 10: When they go down, the price is set for oil.
28:55
Speaker 10: The reason that Cowmane made that money was because that's
28:59
Speaker 10: what under the price. The next quarter they went down
29:02
Speaker 10: in half. They lost fifty percent of the profits from
29:05
Speaker 10: the West.
29:06
Speaker 2: They don't set that price.
29:08
Speaker 10: That's the and neither do the Exon does not set
29:11
Speaker 10: the price of oil. So when Exon has eighty dollars
29:15
Speaker 10: or one hundred dollars a barrel, yes they make record profits.
29:18
Speaker 10: When there was a pandemic, their profits went to almost zero.
29:22
Speaker 10: Now it's just the way it is. And to think
29:25
Speaker 10: that the government can decide when prices are too high
29:28
Speaker 10: or too low. The grossery chains have a two percent
29:31
Speaker 10: profit margin. How about Apple with fifty percent or forty percent?
29:35
Speaker 10: How do you decide this is not the government's place
29:38
Speaker 10: to do these things. It's a fool's errand and it
29:41
Speaker 10: also is you're using it to divert the real cause
29:45
Speaker 10: of inflation over the last four years, which was because
29:48
Speaker 10: you had demand after the pandemic, which which obviously you
29:52
Speaker 10: know there was a lot because we reopened and all
29:56
Speaker 10: of a sudden, there's supply chain issues and the demand
29:59
Speaker 10: is juiced by all the stimulus from the IRA and
30:02
Speaker 10: all the other spending that we did.
30:04
Speaker 9: There have been many causes for inflation. We all understand that.
30:08
Speaker 9: That's where I started my answer in talking about this.
30:12
Speaker 9: But one of the causes of prices going up is
30:16
Speaker 9: that there are companies that have market dominance that have said, oh,
30:20
Speaker 9: this is a moment when everyone give.
30:22
Speaker 10: Me another name, name another one, give me an instance.
30:25
Speaker 9: Please, can you give me an instant finish my argument here,
30:29
Speaker 9: go ahead. That they have gone on earnings calls and said,
30:34
Speaker 9: over and over, inflation has been very very good.
30:39
Speaker 5: Go listen to the earnings calls from the.
30:41
Speaker 9: CEO of Chapulti who says, this is an opportunity not
30:46
Speaker 9: to pass along costs, this is an opportunity for us
30:50
Speaker 9: to raise prices beyond passing along costs and increase our
30:56
Speaker 9: profit margins. What the academic studies I let you finish.
31:01
Speaker 9: What the academic studies show is that industry by industry,
31:06
Speaker 9: when you see more competition, which suggests more pricing power,
31:12
Speaker 9: what we saw is that profit margins went up. And
31:17
Speaker 9: that's the problem we've got is that states have tools
31:21
Speaker 9: to deal with this locally, but right now we want
31:25
Speaker 9: to make sure that the FTC has the tools to
31:28
Speaker 9: do it nationally and that the states that don't have
31:32
Speaker 9: price gouging laws also have access to those.
31:35
Speaker 5: Same tools we have in the same way.
31:38
Speaker 9: In the same way that the FTC, for example, has
31:43
Speaker 9: tools to be able to deal with deceptive pricing and
31:47
Speaker 9: deceptive advertising, it should have the ability to deal with
31:53
Speaker 9: price gouging. It's just another tool in the toolbox to
31:57
Speaker 9: say wegetative more a state of emergency as the whole
32:03
Speaker 9: companies learn how to let you finish your I know,
32:06
Speaker 9: but now on here.
32:08
Speaker 5: Just a lecture to me.
32:10
Speaker 10: No, I just want to ask you.
32:12
Speaker 9: Points is to get markets that are more competitive, and
32:17
Speaker 9: that's the job of the FTC.
32:19
Speaker 5: That's something state attorneys general will work on.
32:22
Speaker 9: We just want to put one more tool in the
32:24
Speaker 9: toolbox when CEOs are going on the phone saying Floyd,
32:28
Speaker 9: inflation is great because it gives us a chance to
32:31
Speaker 9: know it's.
32:32
Speaker 2: Not about it.
32:33
Speaker 1: By the way, I love how she assumes that every
32:35
Speaker 1: single CEO right now is having this conversation, as she
32:39
Speaker 1: describes it, that, oh, inflation is great. We get to
32:42
Speaker 1: raise our prices. It doesn't matter how much you raise
32:44
Speaker 1: your prices if your profits are down. Does she have
32:47
Speaker 1: any idea how many businesses have gone out of business
32:50
Speaker 1: because of inflation. How many restaurants are closing right now
32:54
Speaker 1: because no one's eating out because of inflation. You have
32:58
Speaker 1: record number in sales that are happening right now, that
33:02
Speaker 1: does not mean you have record number in profits on
33:07
Speaker 1: those sales. Kroger had a massive last quarter grocery store chain.
33:13
Speaker 1: They also had a profit of less than two percent.
33:17
Speaker 1: All those stores, all that overhead, all that stress, all
33:20
Speaker 1: those employees, all of everything that you have to do
33:23
Speaker 1: with every day, with the prices changing on your shelves
33:25
Speaker 1: every day, what you're paying for them, and they had
33:27
Speaker 1: a lesson two percent profit margin. But she says, well,
33:29
Speaker 1: they had record sales, so therefore that means record profits.
33:32
Speaker 1: No it doesn't. That is a lie. You notice the
33:36
Speaker 1: just the total arrogance here. She doesn't care. She's obsessed
33:40
Speaker 1: with bringing socialism to America. They believe like this is
33:43
Speaker 1: their moment to do it. Walmart, record sales doesn't mean
33:47
Speaker 1: record profits. Costco record sales, it doesn't mean record profits.
33:53
Speaker 1: Make sure you share this podcast please with your family
33:56
Speaker 1: and your friends, Share it on social media where ever
34:00
Speaker 1: you can, and I'll see you back here tomorrow