Latest / The Ben Ferguson Podcast / From Chicago Violence to Venezuelan Narco boats & the Economy, Trump putting Americans First
Transcript
- 0:01Speaker 1: So what happened over Labor Day weekend in Chicago is
- 0:04Speaker 1: truly shocking, but it's become normal in that liberal city.
- 0:09Speaker 1: The Associated Press is now reporting eight people were murdered
- 0:13Speaker 1: fifty were wounded across thirty seven shootings from Friday to Monday.
- 0:20Speaker 1: NBC News Chicago updated its figures, stating that as a
- 0:23Speaker 1: Monday night, there were fifty eight people that were shot
- 0:27Speaker 1: and eight killed across the city, several others in critical condition.
- 0:32Speaker 1: ABC News also counted fifty eight shot, including eight fatalities.
- 0:37Speaker 1: So what does the mayor and the governor say of
- 0:39Speaker 1: Illinois and Chicago. They say, we don't have a violence problem,
- 0:44Speaker 1: that everything is fine. The President was asked about at
- 0:47Speaker 1: the White House, and here's what he had to say
- 0:49Speaker 1: about what we're witnessing right now.
- 0:52Speaker 2: Chicago's very interesting because I watched Pritzker get up and
- 0:55Speaker 2: say about we don't need help. We're say, two weeks
- 0:58Speaker 2: ago they had six people murdered, murdered, and they had
- 1:04Speaker 2: twenty four.
- 1:04Speaker 3: People hit by bullets.
- 1:07Speaker 2: Last week, as you know, was seven people, twenty four
- 1:10Speaker 2: people hit and seven people died. And then over the
- 1:14Speaker 2: last two days it was that was the Crown Jewel
- 1:19Speaker 2: they had I guess nine killed, nine or ten killed
- 1:22Speaker 2: and fifty hit with bullets. And you have this governor
- 1:26Speaker 2: get up, who's a terrible governor. Probably he and Gavin
- 1:30Speaker 2: Newscomb would be probably the two worst and most naive.
- 1:34Speaker 2: The naive either their naiva, they're very untruthful. And he'll say,
- 1:39Speaker 2: we don't want any protection, we don't need. So in
- 1:43Speaker 2: the last three weeks he's lost almost twenty people killed.
- 1:47Speaker 2: There's no place there's no place in the world, including
- 1:51Speaker 2: you can go to Afghanistan, you can go to places
- 1:54Speaker 2: that you would think of. They don't even come close
- 1:56Speaker 2: to this. Chicago is a hellhole right now. Baltimore is
- 2:00Speaker 2: a hell haul right now.
- 2:02Speaker 1: The President went on to say on social media, Chicago
- 2:06Speaker 1: will be safe again and soon I will solve the
- 2:09Speaker 1: crime problem fast, just like I did in Washington, d C.
- 2:14Speaker 1: In the over office, the President was also asked about Chicago.
- 2:17Speaker 1: He said, we're going in when referring to deployt the
- 2:20Speaker 1: National Guard, he did not give a specific timeline. And
- 2:24Speaker 1: what is the left doing? Well? The governor making it
- 2:27Speaker 1: very clear he thinks is all politics saving lives and
- 2:31Speaker 1: even try to turn it into a press conference about
- 2:34Speaker 1: the apprentice take a list to the governor in his
- 2:37Speaker 1: own words, I.
- 2:39Speaker 4: Will not call the President asking him to send troops
- 2:42Speaker 4: to Chicago. I've made that clear already. I know this
- 2:47Speaker 4: has been an unsettling and difficult ten days for the
- 2:52Speaker 4: people of Chicago and Illinois. I'm going to do my
- 2:56Speaker 4: best to share what we know as of today and
- 3:00Speaker 4: speak frankly to the people of Illinois. Rumors have been
- 3:04Speaker 4: swirling about what the White House has planned, and sifting
- 3:08Speaker 4: fact from fiction has been increasingly difficult because Donald Trump's
- 3:12Speaker 4: administration is not working in coordination with the City of Chicago,
- 3:18Speaker 4: Cook County, or the state of Illinois. I want to
- 3:21Speaker 4: take a moment at the top of my remarks to
- 3:24Speaker 4: note how truly extraordinary it is for the federal government
- 3:28Speaker 4: to refuse to coordinate with local law enforcement and government.
- 3:35Speaker 4: Our state Police regularly works with the FBI, the ATF,
- 3:39Speaker 4: the DEA to go after gangs and gun runners and
- 3:43Speaker 4: drug cartels. Under previous White House administrations, we regularly received
- 3:49Speaker 4: notice and worked together on crime fighting operations.
- 3:54Speaker 1: Here's what's interesting about what the governor just said. We
- 3:56Speaker 1: used to work together. So what is he saying now? Well,
- 4:00Speaker 1: the governor says not only does he oppose Trump and
- 4:02Speaker 1: his plan to send in federal troops, but he actually
- 4:05Speaker 1: called it quote unconstitutional, illegal, and un American, warning a
- 4:12Speaker 1: potential legal action. Johnson, by the way, the mayor of Chicago,
- 4:17Speaker 1: sign executive order affirming that Chicago police would not cooperate
- 4:22Speaker 1: with federal troops and likening any unauthorized deployment as an invasion.
- 4:28Speaker 1: He warned that such moves could inflame tensions further. If
- 4:33Speaker 1: you want to know what side they're on, it's clearly
- 4:36Speaker 1: not on the side of the people that are dying
- 4:38Speaker 1: in Chicago. I want to talk to you about my
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- 6:45Speaker 1: two Patriot. Now, the scary part is the governor and
- 6:48Speaker 1: the Mayor stating side by side for the press conference
- 6:51Speaker 1: in Chicago. They weren't done there. They're actually angry at
- 6:54Speaker 1: Donald Trump for trying to fight crime and save lives.
- 6:58Speaker 1: And here is what the governor said about setting in
- 7:01Speaker 1: the National Guard.
- 7:02Speaker 4: You have reason to believe that Stephen Miller chose the
- 7:05Speaker 4: month of September to come to Chicago because of celebrations
- 7:09Speaker 4: around Mexican Independence Day that happen here every year. It
- 7:14Speaker 4: breaks my heart to report that we have been told
- 7:17Speaker 4: Ice will try and disrupt community picnics and peaceful parades.
- 7:22Speaker 4: Let's be clear, the terror and cruelty is the point,
- 7:27Speaker 4: not the safety of anyone living here. Third as lawful
- 7:33Speaker 4: citizens exercise their First Amendment rights. Trump and his team
- 7:37Speaker 4: will be looking for any excuse to put active duty
- 7:40Speaker 4: military on our streets, supposedly to protect ICE. We have
- 7:45Speaker 4: reason to believe that the Trump administration has already begun
- 7:49Speaker 4: staging the Texas National Guard for deployment in Illinois. I
- 7:55Speaker 4: want to be very clear on this point, and I
- 7:57Speaker 4: want to speak directly to the press right now. We know,
- 8:02Speaker 4: before anything has happened here, that the Trump plan is
- 8:06Speaker 4: to use any excuse to deploy armed military personnel to Chicago.
- 8:12Speaker 4: If someone flings a sandwich at an ICE agent, Trump
- 8:16Speaker 4: will try and go on TV and declare an emergency
- 8:18Speaker 4: in Chicago. I'm imploring everyone, if and when that happens,
- 8:23Speaker 4: do not take the bait.
- 8:26Speaker 1: It is amazing you have a governor of a state
- 8:28Speaker 1: saying that his citizens will be violent, and when they
- 8:31Speaker 1: are violent towards men and women in uniform, don't take
- 8:35Speaker 1: the bait. By the way, if you want to know
- 8:37Speaker 1: what the rest of the people in Chicago are saying,
- 8:40Speaker 1: they don't feel safe. And now even MSNBC is being
- 8:45Speaker 1: forced to tell the truth about just how bad things are.
- 8:49Speaker 1: After fifty eight shot eight killed in Chicago over the
- 8:53Speaker 1: weekend on Morning Joe. This is what they said to
- 8:57Speaker 1: their liberal audience.
- 8:59Speaker 5: Sorry, it is leaders in Chicago that see this. As
- 9:01Speaker 5: you say, we've been reading about this for years now,
- 9:05Speaker 5: every weekend, and maybe crime has gone down, but you know,
- 9:08Speaker 5: we had the mayor of Chicago on last week saying, oh,
- 9:10Speaker 5: we don't need any more police officers. Police officers aren't
- 9:13Speaker 5: the answer. No police officers. And you know, I think
- 9:15Speaker 5: you said no five times. You look what's happening this weekend.
- 9:18Speaker 5: He Look, you know, I actually think that JB. Prinsker
- 9:22Speaker 5: should do something radical. I think you should pick up
- 9:26Speaker 5: the phone, call the president and say, you know, and
- 9:29Speaker 5: I know, you don't have the constitutional authority to deploy
- 9:32Speaker 5: the National Guard here and the police. You can do
- 9:35Speaker 5: that in DC, you can't do that in Chicago. But
- 9:38Speaker 5: let's partner up. These are the most dangerous parts of
- 9:42Speaker 5: my state. We would love to figure out how to
- 9:46Speaker 5: have a partnership that's constitutional, that respects the sort of
- 9:52Speaker 5: balance of federalism between the federal government and the state government.
- 9:56Speaker 5: And let's work together to save lives.
- 9:59Speaker 3: Because right now, just.
- 10:00Speaker 5: Hey, nothing to see here, moving along, no problem here, Hey,
- 10:05Speaker 5: Donald Trump, we don't need you, and you know the
- 10:07Speaker 5: mayor talking about we're going to protect people's dignity in
- 10:11Speaker 5: our city, will.
- 10:12Speaker 3: Protect their lives.
- 10:13Speaker 5: That's protecting their dignity. You know, it would be radical
- 10:16Speaker 5: for us to figure out a way to actually do
- 10:19Speaker 5: what I've been saying from the very beginning on Washington,
- 10:22Speaker 5: and that is seeing politicians creating partnerships that protect their people.
- 10:29Speaker 1: Yeah, even MSNBC saying Jenny Prisker should do something radical,
- 10:34Speaker 1: he should pick up the phone and call the president
- 10:37Speaker 1: because the nothing to see here move isn't working quote unquote.
- 10:43Speaker 1: This is how you know this is working. And the
- 10:46Speaker 1: President is clearly leading on the issue, and the American
- 10:48Speaker 1: people are behind him. They're responding to it. They like
- 10:52Speaker 1: living in a safer city like Washington, d C. And
- 10:55Speaker 1: now he's trying to bring it to Chicago and other
- 10:57Speaker 1: very dangerous cities around the country. So the question now
- 11:01Speaker 1: is this to the Democrats, who side are you on?
- 11:04Speaker 1: Are you willing to be on the side of all
- 11:06Speaker 1: of the lawbreakers, the rapists, the murderers or drug dealers,
- 11:09Speaker 1: the child molesters, the illegal immigrants, or are you going
- 11:13Speaker 1: to be on the side of the American people. Yes,
- 11:15Speaker 1: that may mean that you actually have to agree with
- 11:17Speaker 1: Donald Trump on an issue. Is it really worth the
- 11:20Speaker 1: lives of Americans just so you can oppose Donald Trump
- 11:23Speaker 1: on something as simple as crime. That's the question the
- 11:27Speaker 1: press should be asking, and it's the question that's already
- 11:30Speaker 1: been answered by so many American voters in major news.
- 11:35Speaker 1: Donald Trump has ordered US military strike on a drug vote,
- 11:41Speaker 1: killing at least eleven trendl Aga terrists in a warning
- 11:46Speaker 1: to drug traffickers. They did not know that the attack
- 11:50Speaker 1: was happening until they were already basically dead, and it
- 11:54Speaker 1: happened on direct orders from President Donald Trump. The US
- 11:58Speaker 1: military forces launch a precision strike we've now learned on
- 12:02Speaker 1: the drug Laiden vessel in international waters, killing all eleven
- 12:07Speaker 1: Narco terrorists en route to the United States. Trump declared
- 12:11Speaker 1: the operation a clear warning to traffickers that those who
- 12:15Speaker 1: smuggle poisoned towards America shores will face swift and lethal consequences. Now,
- 12:23Speaker 1: one of the things you need to understand about this
- 12:25Speaker 1: attack is the terrorists. The Narco terrorists had no idea
- 12:29Speaker 1: it was even happening. They were not swerving or driving
- 12:33Speaker 1: at a high rate of speed trying to get away
- 12:35Speaker 1: from what they thought was a threat to them. They
- 12:38Speaker 1: were doing normal business the way they've been able to
- 12:41Speaker 1: do it for years under the Biden administration. They had
- 12:45Speaker 1: no clue that their life was about to come to
- 12:47Speaker 1: an end.
- 12:49Speaker 3: Now.
- 12:49Speaker 1: Yes, the President United States of America had warned countless
- 12:52Speaker 1: times while running for office and since he's been elected
- 12:56Speaker 1: that if you are a narco terrorist, that we will
- 12:59Speaker 1: come after to you and hunt you down. This seems
- 13:03Speaker 1: to be not the end, but the beginning of these actions.
- 13:07Speaker 1: The President putting it this way on true socials, saying, quote,
- 13:11Speaker 1: earlier this morning, on my orders, US military forces conducted
- 13:15Speaker 1: a kinetic strike against a positively identified trend Deiraguet Narco
- 13:21Speaker 1: Terrace in the southcom Area of responsibility. The strike occurred
- 13:26Speaker 1: while the terrorists were at sea and international waters, transporting
- 13:29Speaker 1: illegal narcotics heading to the United States. The President was
- 13:33Speaker 1: also asked about this in the Oval office, and here's
- 13:37Speaker 1: part of what he had to say.
- 13:38Speaker 2: When you come out, and when you leave the room,
- 13:40Speaker 2: you'll see that we just over the last few minutes
- 13:44Speaker 2: literally shot out a boat, a drug carrying boat, a
- 13:49Speaker 2: lot of drugs in that boat. And you'll be seeing that,
- 13:53Speaker 2: and you'll be reading about that it just tappened moments ago,
- 13:56Speaker 2: and our great General, head of the Joint Chiefs of Staff,
- 14:02Speaker 2: who has been so incredible, including what took place in Iran,
- 14:08Speaker 2: knocking out potential nuclear power for a long time to come.
- 14:13Speaker 2: I think within a month they would have had it.
- 14:15Speaker 2: We didn't do what we did, but he gave us
- 14:18Speaker 2: a little bit of a briefing and you'll see, and
- 14:22Speaker 2: there's more where that came from. We have a lot
- 14:25Speaker 2: of drugs pouring into our country, coming in for a
- 14:27Speaker 2: long time, and we just these came out of Venezuela
- 14:31Speaker 2: and coming out very heavily from Venezuela. A lot of
- 14:33Speaker 2: things are coming out of Venezuela. So we took it
- 14:37Speaker 2: out and you'll get to see that after this, after
- 14:40Speaker 2: this meeting.
- 14:41Speaker 6: Is over now.
- 14:43Speaker 1: The President also included the video for the world to see.
- 14:47Speaker 1: It showed that aerial view of the Panga boat. At
- 14:51Speaker 1: the twenty second mark in the video, the boat explodes,
- 14:54Speaker 1: burst into flames, and then the boat quickly sank. Now
- 14:59Speaker 1: why did the President put it out there. He wanted
- 15:02Speaker 1: the world to be on notice that if you're bringing
- 15:04Speaker 1: drugs in the United States of America to kill our citizens.
- 15:08Speaker 1: We're going to hunt you down, and we're going to
- 15:10Speaker 1: kill you. The Commander in Chief added this. The strike
- 15:14Speaker 1: resulted in the eleven terrorists killed in action. No US
- 15:18Speaker 1: forces were harmed in the strike. Please let this serve
- 15:21Speaker 1: as a notice to anybody even thinking about bringing drugs
- 15:26Speaker 1: into the United States of America beware. Thank you for
- 15:29Speaker 1: your attention to this matter. We also know that the
- 15:33Speaker 1: Pentagon has made it clear that they are in fact
- 15:36Speaker 1: looking at in essence, plans, attack plans, and the CIA
- 15:40Speaker 1: is involved in monitoring Narco terraces, where they are, where
- 15:44Speaker 1: their labs are, and there's a very good chance the
- 15:47Speaker 1: President could be ordering the strike on their locations very
- 15:51Speaker 1: soon as well. What's even more surprising is the response,
- 15:56Speaker 1: whether it's Mexico's present when she came out in said
- 16:00Speaker 1: there isn't a problem and said that it's not a
- 16:03Speaker 1: threat to America and that America must also respect the
- 16:06Speaker 1: sovereignty and stay out of Mexico. There's a very clear
- 16:12Speaker 1: line that's being drawn in the sand there. We also
- 16:15Speaker 1: know what the leader in Venezuela is saying. He's very
- 16:18Speaker 1: angry at the US. Why because there is a fifty
- 16:22Speaker 1: million dollars bounty on his head for arrest because he
- 16:26Speaker 1: is also a narco terrorist. So this is the President
- 16:30Speaker 1: putting his words into action, making it clear that the
- 16:35Speaker 1: President is not going to let this stand. Here's also
- 16:38Speaker 1: what Marco Rubio, the Secretary of State, had to say,
- 16:42Speaker 1: as he says the cartels, well, they're in for a
- 16:45Speaker 1: very rude awakening.
- 16:47Speaker 7: The President is going to be on offense against drug
- 16:49Speaker 7: cartels and drug trafficking in the United States. If you stabilized,
- 16:52Speaker 7: it's not just the country, but the entire Caribbean basin,
- 16:55Speaker 7: these particular drugs are probably headed to Trinidad or some
- 16:58Speaker 7: other country in the Caribbean, which point they just contribute
- 17:01Speaker 7: to the instability these countries are facing.
- 17:03Speaker 6: So the President is very clear he's going to use the.
- 17:06Speaker 7: Full power of America, in the full might of the
- 17:09Speaker 7: United States to take on and eradicate these drug cartels,
- 17:12Speaker 7: no matter where they're operating from, and no matter how
- 17:16Speaker 7: long they've been able to act with impunity.
- 17:17Speaker 1: That those days are over. Marco Rubio is absolutely right.
- 17:21Speaker 1: The world should be paying attention to what the President did.
- 17:25Speaker 1: In fact, that's exactly what Jim Hanson, World Straight President
- 17:30Speaker 1: had to say to Jesse Waters on his show after
- 17:33Speaker 1: the Venezuela and Cocaine boat strike. Listen carefully, cartel members,
- 17:38Speaker 1: this is what you need to understand.
- 17:40Speaker 8: Did you hear the Secretary of State not take strikes
- 17:44Speaker 8: inside of Venezuela off the table?
- 17:46Speaker 3: I don't think anything's off the table.
- 17:48Speaker 9: And I think anybody who thought that when President Trump
- 17:51Speaker 9: designated the drug cartels as terrorists he was kidding can
- 17:55Speaker 9: take a look at that oil slick in the Caribbean
- 17:57Speaker 9: Sea and see what they found out. This is a
- 18:01Speaker 9: message to the cartels and to state leaders who coddle
- 18:05Speaker 9: them and allow them to operate, that that's no longer
- 18:08Speaker 9: a free ride to make money bringing death into the
- 18:11Speaker 9: United States.
- 18:12Speaker 8: How robust is this operation going to be?
- 18:17Speaker 3: I think as robust as they need to.
- 18:18Speaker 9: I think, you know, it's fun for Maduro and other
- 18:21Speaker 9: people to say, oh, we know, we've got marines, we've
- 18:23Speaker 9: got IEDs, we've got these things. They don't have anything
- 18:26Speaker 9: that can stand up to the military might of the
- 18:28Speaker 9: United States, And I think this is a good start.
- 18:31Speaker 9: There will probably be some more object lessons, maybe a
- 18:34Speaker 9: drone strike on a lab something like that, and they're
- 18:37Speaker 9: pretty quickly going to find out that we're not going
- 18:40Speaker 9: to put up with them making billions of dollars, doing
- 18:44Speaker 9: human trafficking and killing our own citizens without a very
- 18:49Speaker 9: robust response.
- 18:50Speaker 1: Right.
- 18:51Speaker 8: And so you have drugs pouring into the country, people
- 18:53Speaker 8: are dying, you have Chevron getting shot around with, and
- 18:59Speaker 8: you have a guy down there that's flirting with Putin,
- 19:03Speaker 8: flirting with Ghi in China. Do you think this kind
- 19:06Speaker 8: of operation, if it goes forward, has the support of
- 19:09Speaker 8: the American people.
- 19:10Speaker 3: Oh, one hundred percent.
- 19:12Speaker 9: I mean, the American people are sick of seeing these
- 19:15Speaker 9: drug traffickers and these cartels destroying our country with no consequences.
- 19:20Speaker 3: And if any of these.
- 19:21Speaker 9: People down in South America think they're going to make
- 19:24Speaker 9: friends in our hemisphere with the Russians and the Chinese
- 19:28Speaker 9: or anybody else, they're going to find out that President
- 19:31Speaker 9: Trump is back in charge, America is on top.
- 19:34Speaker 3: That's not going to play. Is there a.
- 19:36Speaker 8: Risk of counter strikes inside the US proper from the cartels?
- 19:42Speaker 9: There is, you know, And the idea, I mean asymmetric
- 19:45Speaker 9: warfare is the Achilles heel of the United States. We
- 19:48Speaker 9: are one giant soft target here inside the United States. However,
- 19:53Speaker 9: payback can be a Metavac. If they try something like that,
- 19:56Speaker 9: you know, you go ahead and hit us here, and
- 19:59Speaker 9: you want to see some only hell unleashed wherever you're operating.
- 20:03Speaker 9: I don't think they'd do it more than once.
- 20:05Speaker 1: Now you may also be asking yourself the question, why
- 20:08Speaker 1: would leaders of countries like Mexico not work with the
- 20:12Speaker 1: president to get rid of the cartels. President Trump on
- 20:16Speaker 1: Air Force One back on five' five of this, year
- 20:20Speaker 1: had this to say about The president Of. Mexico listen, carefully.
- 20:25Speaker 10: Actually go want and help with the. Cartels we would
- 20:27Speaker 10: be honored to go in and do. IT i told
- 20:29Speaker 10: her THAT i would be honored to go in to do.
- 20:31Speaker 10: It if cartels are trying to destroy our. Country they're.
- 20:35Speaker 10: Evil bus she's so afraid of the cartel she can't
- 20:38Speaker 10: walk straight into this sitations.
- 20:39Speaker 3: AND i think she's a lovely.
- 20:40Speaker 10: Woman but The president Of mexigo is a lovely, woman
- 20:45Speaker 10: but she is so afraid of the cartels that you
- 20:47Speaker 10: can't even think.
- 20:48Speaker 1: Straight and that's exactly why The president Of United states
- 20:51Speaker 1: Of america is stepping up. Now so, yes hitting this
- 20:55Speaker 1: boat was important for our safety and. Security it also
- 20:59Speaker 1: was important to and a message to the cartel members
- 21:02Speaker 1: that if you're running drugs Into, america you are a
- 21:06Speaker 1: target of The United states Of. America and based on
- 21:10Speaker 1: what we're watching right, now this is not the, end
- 21:13Speaker 1: but probably the beginning Of President trump's war on, drugs
- 21:17Speaker 1: except his war is going to Have american military behind.
- 21:20Speaker 1: It the media and The, democrats, yeah guess what they
- 21:24Speaker 1: lied to you?
- 21:25Speaker 6: Again they got it wrong.
- 21:26Speaker 1: Again they said That Donald trump was going to destroy the,
- 21:30Speaker 1: economy that The big Beautiful bill was going to send
- 21:33Speaker 1: us into a, recession that the president was out of.
- 21:36Speaker 6: Control, well guess what they lied to.
- 21:39Speaker 1: You THE us economy is surging past expectations as spending
- 21:45Speaker 1: and investments are. Soaring THE us economy expanded faster than
- 21:51Speaker 1: initially estimated in the spring Why americans spent more freely
- 21:56Speaker 1: and businesses stepped up investment in their. Businesses according to
- 22:01Speaker 1: the revised government, data gross domestic product rose at three
- 22:06Speaker 1: point three percent annualized rate in the second. Quarter that
- 22:11Speaker 1: is up from The Commerce department's initial three point zero
- 22:14Speaker 1: percent estimate and above the three point one percent pace
- 22:19Speaker 1: that economists had, Forecasts so they beat not, one but two.
- 22:22Speaker 1: Expectations the acceleration followed modest growth in the first quarter
- 22:27Speaker 1: were being told as. Well now the upward revision reflects
- 22:32Speaker 1: household spending more on a couple different things number one,
- 22:35Speaker 1: healthcare two, pharmaceuticals and three something completely different than, that dining.
- 22:41Speaker 6: Out so what does that.
- 22:43Speaker 1: Mean it means people feel comfortable and confident in their
- 22:49Speaker 1: income right.
- 22:49Speaker 6: Now.
- 22:50Speaker 1: Now it also shared us something else with, businesses small,
- 22:54Speaker 1: businesses mid sized, businesses and large. Businesses companies usted purchases
- 23:01Speaker 1: of number one equipment that tells you they feel good
- 23:04Speaker 1: about a growing business, structure and intellectual, property meaning that
- 23:09Speaker 1: they're also these businesses are willing to invest in future
- 23:15Speaker 1: expensive intelligence right intellectual. Property business investment was driven by
- 23:20Speaker 1: quote stronger outlays on, software on research and, development including
- 23:26Speaker 1: things like light trucks and commercial.
- 23:29Speaker 6: Structures so people are.
- 23:31Speaker 1: Expanding you don't do these things unless you have confidence
- 23:35Speaker 1: in an. Economy we also know that the media lied
- 23:39Speaker 1: to you About trump's trade wars and the. Tariffs all
- 23:43Speaker 1: of this was happening when they said that things were
- 23:45Speaker 1: going to be, stopped that there was going to be
- 23:47Speaker 1: a retraction in the economy because of the instability and the,
- 23:51Speaker 1: insanity as they described, it Of Donald trump's trade. Wars
- 23:56Speaker 1: guess what they lied to you, again in, fact also
- 24:01Speaker 1: contributed to the, Growth so they just lied with pure
- 24:05Speaker 1: propaganda that was Anti. Trump, imports which subtract FROM gdp,
- 24:10Speaker 1: calculations declined after surging in the first quarter ahead of
- 24:14Speaker 1: the new tariffs on some. Goods we also know the export,
- 24:17Speaker 1: slip but not enough to offset the boom and the
- 24:21Speaker 1: booze from fewer foreign goods flowing into the, country which
- 24:24Speaker 1: is exactly What Donald trump. PREDICTED a key gauge by
- 24:28Speaker 1: the way of underlying domestic demand and the real final
- 24:34Speaker 1: sales to private domestic, purchasers which is an important category
- 24:38Speaker 1: excludes trade inventories and government spinning also, rose so this
- 24:43Speaker 1: is like genuine private sector nothing to do with the.
- 24:46Speaker 1: Government it rose at one point nine percent, rate up
- 24:50Speaker 1: from one point two percent in the earlier. Estimate so
- 24:54Speaker 1: every virtual metric of what the expectations, were The trump
- 24:58Speaker 1: administration blew them out of the.
- 25:00Speaker 6: Water now price pressures remained in.
- 25:03Speaker 1: Check what does that mean personal consumption expenditure in the price,
- 25:07Speaker 1: index The Federal reserves preferred inflation gauge increase at a
- 25:12Speaker 1: two point zero percent annual rate that was matching The
- 25:16Speaker 1: Central bank's target core, prices which exclude violatile food and energy,
- 25:20Speaker 1: costs advanced at a two point five percent pace as.
- 25:25Speaker 1: Well government, spending by the, way was also. REVISED i
- 25:29Speaker 1: never get to say this. Lower let me just say that.
- 25:32Speaker 1: Again government spending was revised.
- 25:36Speaker 6: Lower.
- 25:36Speaker 1: Why it was driven by reduced state and local outlays
- 25:40Speaker 1: which tempered some of their, well you, know hey.
- 25:43Speaker 6: Spending that is.
- 25:45Speaker 1: Amazing the income, side also of national, accounts painted a
- 25:49Speaker 1: similar robust. Picture real gross domestic income climbed at a
- 25:55Speaker 1: four point eight percent, rate while corporate profits rebounded after
- 25:59Speaker 1: the declining in the first. Quarter The Commerce department is
- 26:03Speaker 1: scheduled by The way to release its third and final
- 26:07Speaker 1: estimate of second QUARTER, gdp along with annual benchmark revisions
- 26:12Speaker 1: to historic, data On september twenty. Fifth so let me
- 26:17Speaker 1: just recap for. You this is massive growth for our
- 26:21Speaker 1: economy That Donald trump promised you. Have THE us economy's
- 26:26Speaker 1: REAL gdp for the second quarter of twenty twenty five
- 26:29Speaker 1: revised upward to three point three percent annualized. Growth the
- 26:33Speaker 1: media lied to, you and they told you this would not.
- 26:36Speaker 1: Happen the initial estimate was three point zero. Percent they
- 26:40Speaker 1: believed you weren't going to get, there they. Lied this
- 26:43Speaker 1: marks a significant rebound from the negative zero point five
- 26:48Speaker 1: percent contraction in quarter one of twenty twenty. Five and
- 26:52Speaker 1: again the media said that this was a disaster Of
- 26:55Speaker 1: trump's policies and the trade, war and it was going
- 26:57Speaker 1: to be just, horrific and you were going to be
- 26:59Speaker 1: able to find things on the, shelves and that you
- 27:01Speaker 1: weren't going to be able to find a, job and
- 27:03Speaker 1: that no one was going to be hiring and no
- 27:05Speaker 1: one's going to be.
- 27:05Speaker 6: Manufacturing all of that was a.
- 27:08Speaker 1: Lie the uptick IN q two performance, again why did it?
- 27:13Speaker 1: Happen driven by stronger business investments so people have confidence
- 27:17Speaker 1: something that the media said was not, there and consumer
- 27:21Speaker 1: spending something that they said wouldn't. Happen another. Lie it
- 27:26Speaker 1: also was a. Drop we had a drop in. Imports
- 27:29Speaker 1: what does that? Mean that's better For american. Workers that
- 27:32Speaker 1: means that we are more stable and we're not depending
- 27:36Speaker 1: on so much foreign. Trade and, then by the, way
- 27:39Speaker 1: we all said money that came in that paid down
- 27:43Speaker 1: our debt because of all the tariffs the present has put,
- 27:46Speaker 1: in we now know that it could be more than
- 27:48Speaker 1: a half a trillion dollars it's collected by THE us.
- 27:50Speaker 1: Government this year, alone the measure of real final sales
- 27:54Speaker 1: to private domestic, purchasers which includes consumer spending and business,
- 27:58Speaker 1: investment that was revise up to one point nine percent
- 28:03Speaker 1: from the prior estimate of one point Two, again the
- 28:05Speaker 1: media and The democrats lied to.
- 28:07Speaker 6: You so let's break it down to consumer.
- 28:09Speaker 1: Spending Donald trump promised you that you were going to
- 28:13Speaker 1: feel confident and you were going to want to be
- 28:15Speaker 1: in the game and expand your. Businesses, well real personal
- 28:19Speaker 1: consumption expenditures grew one point two percent IN q. Two
- 28:23Speaker 1: that is an incredible growth based on what they said was,
- 28:27Speaker 1: coming which was a. Disaster let me give you another
- 28:30Speaker 1: example of. This monthly data For june alone showed a
- 28:34Speaker 1: zero point three percent rise in consumer. Spending that is,
- 28:38Speaker 1: consistent it is, stable and it was an expansion that
- 28:42Speaker 1: the economists and the media and the left said was
- 28:46Speaker 1: not going to.
- 28:47Speaker 6: Happen, again another.
- 28:48Speaker 1: Lie on a quarter over quarter, basis for, example real
- 28:53Speaker 1: consumer spending increase from zero point five percent IN q
- 28:57Speaker 1: one to one point six percent IN q. Two that
- 29:00Speaker 1: is an explosion of. Spending and why did this? Happen
- 29:04Speaker 1: because people have faith In Donald trump's. Policies so let's
- 29:09Speaker 1: deal with corporate profits and business, investment because that's going
- 29:12Speaker 1: to drive income For. Americans corporate profits rebounded in quarter
- 29:17Speaker 1: two with a gain of you're ready for, this thank,
- 29:20Speaker 1: You Donald, trump sixty five point five. Billion let me
- 29:26Speaker 1: explain how big of a of a fix this. Is
- 29:30Speaker 1: in the prior QUARTER q, one there was a ninety
- 29:33Speaker 1: point six billion dollar. Decline so not only did we
- 29:36Speaker 1: wipe out the ninety point six billion dollar decline IN q,
- 29:39Speaker 1: one we added sixty five point five billion to.
- 29:42Speaker 6: That that is.
- 29:43Speaker 1: Insane business investments contributed meaningfully to THE gdp, rebound showing
- 29:49Speaker 1: growth and equipment in, structures intellectual PROPERTY ai related, investments
- 29:54Speaker 1: and light, vehicles meaning that these are companies that are
- 29:58Speaker 1: saying it's time to buy a new fleet of. Vehicles
- 30:00Speaker 1: that's something that you do not do if you are
- 30:02Speaker 1: unsure about the. Economy let me also just be very,
- 30:06Speaker 1: clear all of these games were happening while the media
- 30:10Speaker 1: was Hammering. Trump The democrats were Hammering Trump's trump policies
- 30:15Speaker 1: and saying that the tariffs were going to be a. Disaster,
- 30:20Speaker 1: yes the fight on tariffs was. Happening interest rates by
- 30:23Speaker 1: the way have remained. High The president's been arguing over,
- 30:26Speaker 1: that with THE fed chair saying you got to bring them.
- 30:29Speaker 1: Down they said that was going to dampen future investment and.
- 30:32Speaker 1: Growth part of the reason why people thought that The
- 30:34Speaker 1: fed chairman was doing it to not Help Donald trump
- 30:37Speaker 1: but to hurt. Him so with a tariff war and
- 30:40Speaker 1: with high interest, rates you still have all the data
- 30:43Speaker 1: THAT i just gave. You So, yes THE us economy
- 30:47Speaker 1: saw a massive bounce back IN q two WITH gdp
- 30:51Speaker 1: growth driven by improved private consumption and investment because Of trump's.
- 30:56Speaker 1: Policies that was contrary to the idea of spending going
- 31:00Speaker 1: through the roof right that the left was, like will never.
- 31:03Speaker 1: Happen so they were lying to. You now did they
- 31:07Speaker 1: know they were lying to?
- 31:08Speaker 10: You?
- 31:08Speaker 1: Yes were the economic indicators? There, yes the economic indicators
- 31:12Speaker 1: were in fact, there and it showed that this was
- 31:16Speaker 1: a real thing that was going to. Happen and they
- 31:19Speaker 1: didn't want it to. Happen they wanted to undermine the.
- 31:21Speaker 1: President they wanted to undermine, you The american. Worker they
- 31:25Speaker 1: wanted this to be a. Failure the failure didn't happen
- 31:29Speaker 1: because The president Of United states Of america Said i'm not.
- 31:32Speaker 1: Flinching i'm going to fix the problem with the trade.
- 31:34Speaker 1: War i'm going to stop allowing countries to take advantage of.
- 31:37Speaker 1: Us i'm going to bring in income in a way
- 31:40Speaker 1: that you haven't seen before with, tariffs And i'm not backing.
- 31:44Speaker 1: Down and that is exactly what The president of The
- 31:46Speaker 1: United states Of america. Did job well, Done President. Trump
- 31:50Speaker 1: and the most important thing is this is great news
- 31:54Speaker 1: for Every american that is out.
- 31:57Speaker 6: There don't forget share this.
- 31:59Speaker 1: Podcast please with, you your, family and your friends wherever they,
- 32:02Speaker 1: are AND i will see you back here.
- 32:05Speaker 6: Tomorrow