Latest / The Ben Ferguson Podcast / NO...BIDEN TEAM didn't get it wrong on inflation, baby formula, supply chain, and gas prices. THEY DID IT ON PURPOSE!

Transcript

NO...BIDEN TEAM didn't get it wrong on inflation, baby formula, supply chain, and gas prices. THEY DID IT ON PURPOSE! · The Ben Ferguson Podcast

• 0:00
  Speaker 1: All right, So they're not admitting in the Biden administration that, yeah,
• 0:05
  Speaker 1: we got it wrong with inflation, like oops are bad nothing,
• 0:09
  Speaker 1: not a big deal, just you know, we kind of
• 0:11
  Speaker 1: screwed that one up a little bit, kind of got
• 0:15
  Speaker 1: it wrong, weren't exactly you know, on top of things
• 0:19
  Speaker 1: the way we probably should have been. This is now
• 0:23
  Speaker 1: what they're telling all of us. Now, we all knew
• 0:25
  Speaker 1: they were screwing it up, and we all knew they
• 0:27
  Speaker 1: were getting it wrong with inflation. We all knew they
• 0:30
  Speaker 1: were getting it wrong with hyperinflation. We all knew they
• 0:32
  Speaker 1: were getting it wrong with the economy. We all knew
• 0:35
  Speaker 1: that they were getting it wrong with the job numbers,
• 0:37
  Speaker 1: even when they were claiming that the economy was an
• 0:39
  Speaker 1: amazing shape when clearly it wasn't because some of you
• 0:41
  Speaker 1: would just stopped working in general, because the government will
• 0:44
  Speaker 1: pay you so much money to not work, it's absurd.
• 0:48
  Speaker 1: And that's now where we are. But they're just now
• 0:53
  Speaker 1: saying they got it wrong months after everybody knew they
• 0:56
  Speaker 1: got it wrong. Janet Yellen came out, you have to
• 1:00
  Speaker 1: say saying, oh, yeah, we kind of got it wrong.
• 1:02
  Speaker 1: Kind of really kind of that's all you got for
• 1:05
  Speaker 1: me is kind of like, yeah, man, I mean we
• 1:07
  Speaker 1: got it. You know, we got it wrong a little
• 1:09
  Speaker 1: bit really got it wrong, a little bit kind of
• 1:10
  Speaker 1: got it wrong, maybe got it wrong, sort of got
• 1:14
  Speaker 1: it wrong. That's what you now have for us. Keith
• 1:18
  Speaker 1: Fitzgerald was on Fox Business and this is what he
• 1:22
  Speaker 1: had to say about after Janet Yelling admitting she was
• 1:24
  Speaker 1: wrong about the inflation path. Now you have one job,
• 1:29
  Speaker 1: is what I would say about this, Like, you literally
• 1:32
  Speaker 1: have one job and you can't get it right. You've
• 1:37
  Speaker 1: got one job, that's it, only one and you can't
• 1:46
  Speaker 1: even get it right. How is that possible? Janet Yelling
• 1:50
  Speaker 1: got it wrong? But first I want to take a
• 1:53
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• 1:55
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• 1:58
  Speaker 1: you know what's happening on Wall Street, and you know
• 2:00
  Speaker 1: what's going on with inflation. So are you protecting your
• 2:04
  Speaker 1: hard earned dollars your assets? Do you have a hedge
• 2:08
  Speaker 1: against inflation? Are you terrified every day that you've lost
• 2:11
  Speaker 1: a massive amount of money when the stock market is
• 2:14
  Speaker 1: having these crazy drops? Well? Are you diversified? And if
• 2:18
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• 2:20
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• 2:24
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• 2:28
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• 2:32
  Speaker 1: Democrats are trying to raise taxes, and a skyrocketing national debt.
• 2:37
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• 2:39
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• 2:44
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• 2:47
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• 2:50
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• 2:55
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• 2:57
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• 3:04
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• 3:09
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• 3:15
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• 3:21
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• 3:26
  Speaker 1: Also want to remind you please make sure that you
• 3:29
  Speaker 1: auto download or subscribe our podcast right now so you
• 3:32
  Speaker 1: get it every day for free. Now. The question I
• 3:35
  Speaker 1: ask is, did she really get it wrong? Or did
• 3:40
  Speaker 1: she know she was getting it wrong and they were
• 3:42
  Speaker 1: spinning it hoping they could come out of it before
• 3:45
  Speaker 1: things got bad. I think that's probably the more the
• 3:49
  Speaker 1: more plausible argument. I don't think Janet Yellen's stupid enough
• 3:54
  Speaker 1: to actually get it this wrong with all the signs
• 3:56
  Speaker 1: and indicators that were out there. What I do believe
• 4:00
  Speaker 1: is Jennet Yellen works for Joe Biden the Democrats, and
• 4:05
  Speaker 1: she wanted to make sure that she didn't get it
• 4:09
  Speaker 1: that wrong, right. She wanted to make sure that it
• 4:15
  Speaker 1: wasn't that bad for the Democrats politically before she had
• 4:20
  Speaker 1: to admitted and she thought, maybe, hey, look, I know
• 4:21
  Speaker 1: we're going into recession. I know things are bad, right, Like,
• 4:25
  Speaker 1: I get it. I understand what's happening here, right, I
• 4:29
  Speaker 1: understand it, right, I comprehend it. Maybe they're not that
• 4:35
  Speaker 1: bad by the time I try to fix it, and
• 4:38
  Speaker 1: then they couldn't fix it because their policies were so
• 4:41
  Speaker 1: screwed up. There's a very good chance that is the
• 4:45
  Speaker 1: entire conversation that we're having now is actually they just
• 4:49
  Speaker 1: flat out lied to you, and they knew they were
• 4:52
  Speaker 1: lying to you when they were lying to you. I
• 4:56
  Speaker 1: think there's a very good chance that that is the
• 4:58
  Speaker 1: whole ball game here. Listen to Keith Fitzgerald talking about this,
• 5:04
  Speaker 1: saying they knew there was problems and they screwed it
• 5:06
  Speaker 1: up in the second half, because it's going to insulate
• 5:08
  Speaker 1: you from a lot of the other shocks that FED
• 5:11
  Speaker 1: can't control, because it's a supply problem, which Biden didn't
• 5:14
  Speaker 1: even relatively knowledge. I mean, we're talking about some serious inflation.
• 5:18
  Speaker 1: We had a graphic up earlier eggs through price of
• 5:21
  Speaker 1: eggs up twenty two percent year over a year. So
• 5:23
  Speaker 1: when you give me this eight point three percent CPI average,
• 5:26
  Speaker 1: I'm thinking what we wish it was eight percent on
• 5:30
  Speaker 1: some of these things, fresh fish, lettuce, you know, all
• 5:33
  Speaker 1: of the foods that we buy are up in the
• 5:35
  Speaker 1: double digits. What does that mean in terms of profits
• 5:39
  Speaker 1: and the potential for a recession? Keith, Well, I think
• 5:43
  Speaker 1: it raises them dramatically. To give you an example, we
• 5:45
  Speaker 1: live here in the Pacific Northwest, where we have abundant
• 5:47
  Speaker 1: seafood and all kinds of great things to eat from
• 5:49
  Speaker 1: the local farms. My wife looked at us salmon the
• 5:51
  Speaker 1: other day. It's one hundred and forty something dollars eight fish.
• 5:55
  Speaker 1: That's just not going to happen. People put less meat
• 5:57
  Speaker 1: on the grills, people are changing the way they drive,
• 5:59
  Speaker 1: people changing materials they buy. This does not bode well
• 6:02
  Speaker 1: for the American economy, and the President again does not
• 6:05
  Speaker 1: seem to understand basic economics here. You've got to get
• 6:08
  Speaker 1: the supply chain fixed. Not only do you have to
• 6:11
  Speaker 1: rage races and on both at once, and as oil
• 6:13
  Speaker 1: prices go up as we head into the peak season
• 6:16
  Speaker 1: of driving, you've got to believe inflation goes up as well,
• 6:19
  Speaker 1: because that's the underlying, exactly issue. We'll be watching Keith Fitzgerald,
• 6:24
  Speaker 1: James Jerio. Great to see both gentlemen, thing. I love
• 6:26
  Speaker 1: this right. They're like, oh, yeah, they got it wrong.
• 6:28
  Speaker 1: They got it wrong. From the very beginning. We all
• 6:30
  Speaker 1: know they got it wrong. They screwed it up, and
• 6:33
  Speaker 1: they knew they had it wrong. There have been warnings
• 6:35
  Speaker 1: about inflation over and over and over and over and
• 6:37
  Speaker 1: over and over and over and over and over and
• 6:39
  Speaker 1: over again. They knew it. Secretary Yellen trying to clean
• 6:45
  Speaker 1: up her mess on TV. So it's important to make
• 6:47
  Speaker 1: sure our supply chains don't become more problematic than they
• 6:50
  Speaker 1: are right now because we didn't have baby formula right now,
• 6:52
  Speaker 1: we're also being told that there's going to be a
• 6:54
  Speaker 1: corn shortage coming. We're being told that movie theaters are
• 7:00
  Speaker 1: having a hard time securing the corn to pop at
• 7:03
  Speaker 1: the movie theaters. Not a joke, Welcome to supply chain issues.
• 7:08
  Speaker 1: You think under Donald Trump's administration we'd have a popcorn
• 7:11
  Speaker 1: shortage or a baby formula shortage? The answer is no.
• 7:16
  Speaker 1: You think we'd have gas prices that have risen four
• 7:19
  Speaker 1: dollars in sixty two since per gallon on average since
• 7:21
  Speaker 1: he got into office. You think inflation would be up
• 7:25
  Speaker 1: eight point four percent, the highest in my lifetime if
• 7:29
  Speaker 1: Donald Trump was the president. You think that housing prices
• 7:33
  Speaker 1: would be up eighteen point seven percent and rising at
• 7:35
  Speaker 1: record levels. And let's remember how much money we all
• 7:39
  Speaker 1: had when Donald Trump was a president in our four
• 7:41
  Speaker 1: oh one ks. Now, many people lost twenty thirty percent
• 7:45
  Speaker 1: of their net worth in their four oh one kse
• 7:47
  Speaker 1: Why because Joe Biden's president. If you don't think Joe
• 7:51
  Speaker 1: Biden's costing you a lot of money, you're stupid. If
• 7:55
  Speaker 1: you don't think that Joe Biden's sucking the life out
• 7:58
  Speaker 1: of your bank account, you're four one k tirement plans,
• 8:01
  Speaker 1: your investments. Just look at the numbers I just gave you,
• 8:06
  Speaker 1: which goes back to Secretary yelling. She's like, yeah, we
• 8:08
  Speaker 1: got it wrong. We also got it wrong on supply chain,
• 8:10
  Speaker 1: but don't worry, we're working on that too, not based
• 8:12
  Speaker 1: on domestic production, just in terms of what's been happening
• 8:16
  Speaker 1: with the supply chain. A lot of these issues, again
• 8:18
  Speaker 1: are out of our control or things that will take
• 8:20
  Speaker 1: a very long time to fix. But there is the
• 8:23
  Speaker 1: idea that the longshoreman in California and the ports there
• 8:27
  Speaker 1: could go on strike at the end of this month.
• 8:28
  Speaker 1: That seems like it would be something that would be
• 8:30
  Speaker 1: a huge additional snarle to what we've already seen with
• 8:33
  Speaker 1: the supply chain issues. Is the administration monitoring this. Have
• 8:36
  Speaker 1: they been involved at all in any of the talks
• 8:38
  Speaker 1: to try and make sure that that does not happen. Well,
• 8:41
  Speaker 1: it's something that we're monitoring and recognizes critical and we
• 8:46
  Speaker 1: certainly hope an agreement will be reached that will keep
• 8:50
  Speaker 1: the ports open and operating. I agree that this is
• 8:54
  Speaker 1: really critically important to making sure ours supply chains don't
• 9:01
  Speaker 1: don't become more problematic than they are. Just right now,
• 9:07
  Speaker 1: there is most our fingers on that if the ports
• 9:10
  Speaker 1: in California were to get snarled up at this point
• 9:12
  Speaker 1: because of a show, I love it, like, let's hope.
• 9:15
  Speaker 1: We're hoping now, we're hoping that things get better. We're not.
• 9:19
  Speaker 1: I'm sure they'll get better, try to Resecretary Yellen also
• 9:22
  Speaker 1: said on CNBC this morning that we are quote still
• 9:25
  Speaker 1: considering a quote reconciliation package. How much is that going
• 9:29
  Speaker 1: to cost? You? Listen, when we spoke, I brought up
• 9:32
  Speaker 1: the idea of investment ideas that President Biden had laid
• 9:35
  Speaker 1: out that are not going to be taking place in
• 9:37
  Speaker 1: the near term or even medium term in terms of
• 9:39
  Speaker 1: price relief. I asked Yellen whether floating those longer term
• 9:43
  Speaker 1: spending plants amounts to an admission that the White House
• 9:45
  Speaker 1: won't be able to correct surging prices very quickly or
• 9:48
  Speaker 1: very easily. Here's actually responded, We're still considering a reconciliation package.
• 9:56
  Speaker 1: It could very well have reduction and the cost of
• 10:01
  Speaker 1: prescription drugs. That would make a difference to every family
• 10:06
  Speaker 1: that has drug costs is part of its household budget,
• 10:11
  Speaker 1: and that could make a difference very quickly. The President
• 10:16
  Speaker 1: is authorized historic releases from the Strategic Petroleum Reserve to
• 10:23
  Speaker 1: try to hold down prices and offset some of the
• 10:26
  Speaker 1: upward pressure that we've seen from where she's war on Ukraine.
• 10:32
  Speaker 1: So there are things that can be done, and the
• 10:35
  Speaker 1: President is supportive of deficit reduction. We're actually seeing a
• 10:41
  Speaker 1: huge reduction in the deficit. The deficit is a share
• 10:45
  Speaker 1: of GDP is projected to fall below the level in
• 10:50
  Speaker 1: twenty nineteen before the pandemic, and his budget proposes revenue
• 10:57
  Speaker 1: raisers that I think would lead to a fairer tech system,
• 11:03
  Speaker 1: not burden households any household making under four hundred thousand dollars,
• 11:09
  Speaker 1: and enable us to achieve deficit reduction that would also
• 11:14
  Speaker 1: help to bring inflation down. Translation, we're in a bad spot.
• 11:19
  Speaker 1: We know it. Now. We're going to admit it to you,
• 11:22
  Speaker 1: but we're going to tell you we're working on it,
• 11:24
  Speaker 1: even though we screwed it up. We're the ones that
• 11:26
  Speaker 1: screwed up. It's like they inherited this. They created this.
• 11:28
  Speaker 1: Let's be very clear. They created this mess, and now
• 11:32
  Speaker 1: they're trying to clean up their mess. They claim before
• 11:36
  Speaker 1: the mid terms. Now they're going to tell you they
• 11:39
  Speaker 1: inherited it. They didn't inherit it. Okay, don't get lied
• 11:43
  Speaker 1: to on that, right, They didn't. They didn't inherit this.
• 11:47
  Speaker 1: They created it. She also said today when it comes
• 11:53
  Speaker 1: to energy independence, exactly what you would hope, she would say,
• 11:56
  Speaker 1: if you're Joe Biden, don't tell people you could actually
• 11:58
  Speaker 1: fix a problem by astro ourselves. I don't know layment
• 12:01
  Speaker 1: on the global economy, listen to this. When it comes
• 12:04
  Speaker 1: to energy prices, those are obviously a huge issue for
• 12:07
  Speaker 1: Americans right now, the price at the pump and the
• 12:09
  Speaker 1: spr releases, and maybe do something temporarily, but the relief
• 12:14
  Speaker 1: that they've provided in oil prices seems to have been
• 12:17
  Speaker 1: pretty fleeting. Is there any consideration being done in terms
• 12:20
  Speaker 1: of trying to reverse things from Keystone pipeline or promote
• 12:24
  Speaker 1: more drilling in certain areas, or even just trying to
• 12:27
  Speaker 1: offer incentives to get companies to spend more money, more
• 12:30
  Speaker 1: capital expenditure oil companies on trying to take more out
• 12:34
  Speaker 1: of the ground quickly. You know, the oil companies are
• 12:38
  Speaker 1: sitting on lots of leases that they've not drilled, and
• 12:43
  Speaker 1: the prices that prevail right now in oil markets provide
• 12:48
  Speaker 1: ample incentive for firms to boost production. The strategic petroleum
• 12:55
  Speaker 1: releases are very substantial, and I see is fill in
• 13:01
  Speaker 1: in the market while waiting for oil producers to ramp
• 13:06
  Speaker 1: up production. The Keystone pipeline we take years to come
• 13:11
  Speaker 1: online and really is about moving oil rather than producing
• 13:15
  Speaker 1: more oil. And remember oil prices are set in in
• 13:21
  Speaker 1: global markets, not based on domestic production. Just I love this.
• 13:26
  Speaker 1: So when we were producing oil and the prices were down,
• 13:31
  Speaker 1: that was a bad thing because we're using Keystone pipeline
• 13:33
  Speaker 1: and had things online that we're clearly helping us lower
• 13:38
  Speaker 1: the price of oil. Now you're saying, well, we can't
• 13:40
  Speaker 1: really lower the price of oil, and the Keystone pipeline
• 13:44
  Speaker 1: you're claiming wouldn't help lower prices. And even if we
• 13:48
  Speaker 1: opt our domestic production, you're claiming now that it really
• 13:51
  Speaker 1: wouldn't have any effect on the market. Well, if it's
• 13:54
  Speaker 1: a supply to man issue, if we create more supply,
• 13:57
  Speaker 1: that lowers the demand. I don't think Jenny Yellen stupid.
• 14:02
  Speaker 1: I think she's playing us. I think that's the administration's decision,
• 14:07
  Speaker 1: a deliberate decision, most importantly, to screw you. They want
• 14:13
  Speaker 1: you to pay more. They want you to pay more
• 14:16
  Speaker 1: on purpose. They want you to get an electric car.
• 14:19
  Speaker 1: I was having a conversation last night with a buddy
• 14:22
  Speaker 1: of mine has got a Tesla, and he said, Dude,
• 14:23
  Speaker 1: it's insane. People are offering me sticker for the Tesla
• 14:27
  Speaker 1: that I've owned for four years, like what I paid
• 14:30
  Speaker 1: for it four years ago, because gas prices are so
• 14:34
  Speaker 1: high right now. And that's exactly all of this crisis
• 14:38
  Speaker 1: was created by design, on purpose, to punish you for
• 14:42
  Speaker 1: putting gas in your car. I've got a four door car. Okay,
• 14:45
  Speaker 1: I'm not talking about an suv. The car that I
• 14:48
  Speaker 1: drive is a four door car. I'm now hitting one
• 14:50
  Speaker 1: hundred dollars to fill it up when I paid. I
• 14:54
  Speaker 1: always every time I buy a new car, I do something.
• 14:56
  Speaker 1: It's just something I think it's fun to do. The
• 14:59
  Speaker 1: first time I fill up, I make it get all
• 15:01
  Speaker 1: the way down to like virtually empty, like zero miles left,
• 15:04
  Speaker 1: you know, to run out of gas, and I fill
• 15:06
  Speaker 1: it up to the brim because I like to see
• 15:09
  Speaker 1: what it costs me the first time to fill it
• 15:11
  Speaker 1: up compared to when I get rid of the car.
• 15:13
  Speaker 1: It's just something fun. My grandfather used to do, and
• 15:16
  Speaker 1: I started doing it because I thought it was fun
• 15:17
  Speaker 1: to do. I've been doing this ever since I was
• 15:18
  Speaker 1: sixteen years old and I got this car, and I
• 15:21
  Speaker 1: looked the other day. It's forty two dollars and eighty
• 15:25
  Speaker 1: three cents for me to fill up that car from
• 15:28
  Speaker 1: empty when I bought it. It's now one hundred dollars.
• 15:32
  Speaker 1: If you don't think that this is being done deliberately
• 15:34
  Speaker 1: on purpose, you're stupid. And I start I'm using that
• 15:39
  Speaker 1: more often, just saying you're stupid if you believe this,
• 15:41
  Speaker 1: because we are now at a point where this is
• 15:44
  Speaker 1: actually that black and white of an issue. If you
• 15:47
  Speaker 1: if you don't believe, I mean, if you don't believe
• 15:49
  Speaker 1: that Jinn Yellen knows exactly what she's doing here and
• 15:51
  Speaker 1: she's lying to you're stupid. If you think that she
• 15:55
  Speaker 1: got caught by surprise, as she described it, by inflation,
• 16:01
  Speaker 1: you're stupid. She knew exactly what was going to happen
• 16:03
  Speaker 1: with inflation, and this was all part of their plan.
• 16:07
  Speaker 1: They're really okay with it. None of this is by accident.
• 16:13
  Speaker 1: All of this are crisises that were created by this administration,
• 16:18
  Speaker 1: and they wanted all of this to happen. Democrats are
• 16:23
  Speaker 1: also now pushing for forgiving student loan debt. They're pushing
• 16:27
  Speaker 1: that again hard ahead of the midterm elections, hoping that
• 16:30
  Speaker 1: will save them in the midterms. Guy from Shark Tank,
• 16:34
  Speaker 1: Kevin O'Leary, on forgiving student debt, had this to say
• 16:37
  Speaker 1: this morning, as Democrats are now pushing for you your
• 16:40
  Speaker 1: tax hours paying off other people's student loan debt that
• 16:43
  Speaker 1: they have not paid off, I can't get there. We
• 16:46
  Speaker 1: just printed four and a half trillion dollars over the
• 16:49
  Speaker 1: last two and a half years. We have helped everybody.
• 16:51
  Speaker 1: This has nothing to do with gender or race. It
• 16:54
  Speaker 1: has to do with equity. It's simply not fair. This
• 16:57
  Speaker 1: idea is Unamerican by any measure. Everybody's uncomfortable with us.
• 17:02
  Speaker 1: I can't find anybody that likes this idea. And I know,
• 17:05
  Speaker 1: and I'm guessing right now within the White House as
• 17:09
  Speaker 1: they discussed this going into the midterm, somebody's going to say,
• 17:11
  Speaker 1: mister President, let's punt this. This is a horrible idea.
• 17:16
  Speaker 1: Let's deal with it. On the other side, imagine the
• 17:19
  Speaker 1: membership and the Democratic Party fighting these races their razor
• 17:23
  Speaker 1: close and giving their competitor this manna from heaven. This
• 17:28
  Speaker 1: is crazy it's just politically insane. It's a kamakuzy idea.
• 17:32
  Speaker 1: Now is a wrong time for this, and by the way,
• 17:35
  Speaker 1: there's never going to be a good time for this.
• 17:37
  Speaker 1: This is Unamerican. There's no free money. That doesn't work
• 17:41
  Speaker 1: this way. It's unfair to people that didn't go to college.
• 17:44
  Speaker 1: You're asking people it never went to college to pay
• 17:47
  Speaker 1: for this. It comes off their income tax. It's just wrong.
• 17:53
  Speaker 1: So why are they doing it? Because they're trying to
• 17:56
  Speaker 1: buy votes. That's why they're doing it. This is all
• 18:00
  Speaker 1: about buying votes. Every aspect of this is buying votes.
• 18:08
  Speaker 1: And he's right, Kevin is absolutely right that this is
• 18:12
  Speaker 1: un American. It's wrong. Why should people that didn't go
• 18:14
  Speaker 1: to college have to pay for other people who went
• 18:15
  Speaker 1: to college. And there's another aspect of this which I
• 18:18
  Speaker 1: brought up before and I'm bringing up again. What about
• 18:21
  Speaker 1: all the people that were responsible, like myself, that paid
• 18:23
  Speaker 1: off our student loan debts very early on and made
• 18:26
  Speaker 1: a priority instead of buying a house or instead of
• 18:29
  Speaker 1: buying that new car, instead of going shopping or going
• 18:32
  Speaker 1: to Europe or whatever it may be. Right, I got
• 18:36
  Speaker 1: on a actual budget when I was in college and
• 18:41
  Speaker 1: stayed with that budget after college. Why is it that
• 18:47
  Speaker 1: I should somehow have to change, you know, be punished
• 18:50
  Speaker 1: for me being responsible what other people are clearly not responsible.
• 18:55
  Speaker 1: That's a question. It's a very very very very very
• 18:58
  Speaker 1: very fair question to ask. I shouldn't have to pay
• 19:03
  Speaker 1: for somebody else and their decision to go to college.
• 19:06
  Speaker 1: College is a privilege, by the way, And it's a
• 19:09
  Speaker 1: financial decision that you make when you go to college, right,
• 19:13
  Speaker 1: It's a financial decision that you decide that you choose
• 19:18
  Speaker 1: when you decide to go to college. No one else
• 19:23
  Speaker 1: should have to pay for that, certainly not the taxpayers.
• 19:27
  Speaker 1: We should not have to pay for this, and it
• 19:30
  Speaker 1: shouldn't even be up for debate. But if you're actually
• 19:34
  Speaker 1: trying to buy votes, which is exactly what they are
• 19:38
  Speaker 1: trying to do, then do you really care? I would say,
• 19:44
  Speaker 1: you don't care, You don't care at all. Why would you.
• 19:50
  Speaker 1: We're also being told that gas prices will in fact
• 19:53
  Speaker 1: hit a new high, okay, a new high this week,
• 20:01
  Speaker 1: and they expect that the week after we will hit
• 20:03
  Speaker 1: another new high. The highest you've ever paid for a
• 20:06
  Speaker 1: gallon of gas in your lifetime is exactly what you're
• 20:12
  Speaker 1: going to get now. All because they lie to you,
• 20:16
  Speaker 1: and they tell you that gas is something they can't control.
• 20:21
  Speaker 1: It's something that they don't have any control over. That's
• 20:25
  Speaker 1: what they claim. You know, there's nothing we can do
• 20:29
  Speaker 1: here to help you. White House Press Secretary just last month,
• 20:34
  Speaker 1: on this exact date, had this to say about inflation. Again,
• 20:38
  Speaker 1: we know now lying to you. Listen, and you just
• 20:40
  Speaker 1: mentioned boot a few times as a reason for recent inflation.
• 20:45
  Speaker 1: Do you guys think that any part of inflation this
• 20:48
  Speaker 1: year is because of President Biden's spending plans or is
• 20:52
  Speaker 1: it all Bouton's fall. Well, what I can say is
• 20:55
  Speaker 1: we are, and Brian just spoke to this, we are
• 20:58
  Speaker 1: at a historic place when it comes to the economy,
• 21:02
  Speaker 1: when it comes to unemployment being at the lowest that
• 21:05
  Speaker 1: we have seen in some time, when it comes to
• 21:07
  Speaker 1: the president creating more jobs in his first term, his
• 21:11
  Speaker 1: first year than any other president, eight point more than
• 21:14
  Speaker 1: eight point five million jobs. Now we're going to a
• 21:17
  Speaker 1: place where it's we're going into transition, where we're going
• 21:20
  Speaker 1: to see an economy that's more stable, that's more steady.
• 21:24
  Speaker 1: So they're lying to you, they're lying to you on
• 21:28
  Speaker 1: all this, and everybody knows that they're lying to you.
• 21:32
  Speaker 1: Every bit of this is a lot that you just
• 21:34
  Speaker 1: heard all of it. That was a month ago. You'd
• 21:39
  Speaker 1: think somebody would call them out for this. Right, let
• 21:42
  Speaker 1: me go back one month ago. Janet Yellen lying to
• 21:45
  Speaker 1: you again on CNN listen, wasn't a mistaken I'm Secretary
• 21:48
  Speaker 1: to downplay this inflation risk? Did that contribute to the
• 21:52
  Speaker 1: problems we're all seeing right now? Well, look, I think
• 21:58
  Speaker 1: I was wrong then out the path that inflation would take.
• 22:04
  Speaker 1: As I mentioned, there have been unanticipated and larde shocks
• 22:09
  Speaker 1: to the economy that have boosted energy and food prices
• 22:14
  Speaker 1: and supply bottlenecks that have affected our economy badly that
• 22:21
  Speaker 1: I didn't at the time, didn't fully understand, didn't fully
• 22:25
  Speaker 1: understand it. So you didn't understand it, or you just
• 22:29
  Speaker 1: decided to lie to us. Which one is it? New
• 22:33
  Speaker 1: York City is now considering what they referred to as
• 22:37
  Speaker 1: subway gun detectors. That's right, they're going to be scanning you.
• 22:43
  Speaker 1: Is this an invasion of your privacy? Well, well here's
• 22:46
  Speaker 1: the story. New York City says, now it's time to
• 22:49
  Speaker 1: deploy what they referred to as high tech scanners. A
• 22:52
  Speaker 1: spot someone carrying a gun into New York City subway
• 22:54
  Speaker 1: system before they have a chance to use it, and
• 22:57
  Speaker 1: that's an option under increasing consideration the Mayor Eric Adams.
• 23:01
  Speaker 1: A report has now come out saying the AP is
• 23:04
  Speaker 1: outlining the argument in favor of random weapons checks and
• 23:07
  Speaker 1: has returned in the aftermath of that mass shooting at
• 23:10
  Speaker 1: the New York City subway. Train security experts are now
• 23:14
  Speaker 1: counseling the mayor to install a system in the city
• 23:17
  Speaker 1: subway system that would have distinct challenges but not impossible
• 23:21
  Speaker 1: to overcome. The fact scanners need to be accompanied by
• 23:25
  Speaker 1: a human operator to confront people carrying firearms illegally is
• 23:28
  Speaker 1: the main problem, rather than the availability of the technology,
• 23:33
  Speaker 1: And for a city that has gone to defund the police,
• 23:36
  Speaker 1: they don't exactly have the manpower to even do this now.
• 23:39
  Speaker 1: If it proved, they will. They claim that this system
• 23:41
  Speaker 1: will help stem one aspect of the violence that is
• 23:45
  Speaker 1: increasingly coming to define the mass transit system in New
• 23:49
  Speaker 1: York City. You've had five stabbed in seven New York
• 23:52
  Speaker 1: subway system assaults in a forty eight hour period just
• 23:56
  Speaker 1: the other day. Don't worry, we won't be banning knives
• 23:59
  Speaker 1: anytime soon. Yeah, five people stabbed. At least seven people
• 24:04
  Speaker 1: were assaulted in New York City subway system over the
• 24:07
  Speaker 1: weekend through early Monday morning, including five stabbing victims. As
• 24:12
  Speaker 1: the Democratic Mayor Eric Adams subway safety plan goes into
• 24:15
  Speaker 1: effect today, a man who appeared to be homeless on
• 24:19
  Speaker 1: a thirty year old woman to stop talking to her
• 24:21
  Speaker 1: friend while aboard a southbound train traveling through the Bronx.
• 24:24
  Speaker 1: The New York Post has reported. The victim ignored the man,
• 24:27
  Speaker 1: and he used a metal pipe to crack her in
• 24:29
  Speaker 1: the head. Police said after getting off at the one
• 24:33
  Speaker 1: seven sixth Street station, the victim declined medical attention in
• 24:37
  Speaker 1: the purp state on the train because we don't actually
• 24:40
  Speaker 1: what arrest people that commit haind his crimes New York
• 24:43
  Speaker 1: because we also have prison reform and bail reform. He
• 24:47
  Speaker 1: was inscribed as a man in his thirty standing around
• 24:49
  Speaker 1: six feet tall, with facial piercings and dressed in all black.
• 24:53
  Speaker 1: In another incident, Monday, police say a young man was
• 24:56
  Speaker 1: assaulted and robbed in Manhattan. Four men appro it's a
• 25:00
  Speaker 1: twenty two year old man as he passed through a
• 25:02
  Speaker 1: turnstyle at Grand Central station, punched him in the face
• 25:05
  Speaker 1: and allegedly made off with a cell phone. Police said
• 25:07
  Speaker 1: no weapons were displayed then. On Sunday night, at least
• 25:11
  Speaker 1: the fifth stabbing since Saturday morning occurred at around six
• 25:14
  Speaker 1: ten pm on a six train approaching the Canal Street station.
• 25:19
  Speaker 1: According to the Post, an unprovoked suspects stabbed a thirty
• 25:22
  Speaker 1: one year old man twice in the arm. The thirty
• 25:25
  Speaker 1: one year old man was taken to the Bellevue Hospital
• 25:27
  Speaker 1: in stable condition, while the suspects stayed on the train.
• 25:31
  Speaker 1: The next slashing comes after four people were stabbed in
• 25:34
  Speaker 1: the course of eight hours on Saturday, with the first
• 25:37
  Speaker 1: occurring just after three o'clock. Since January the first, when
• 25:42
  Speaker 1: Adams was sworn in, through February the thirteenth, transit crimes
• 25:47
  Speaker 1: have increased sixty five point three percent compared to the
• 25:49
  Speaker 1: same period in twenty twenty one. Adams seventeen page subway
• 25:54
  Speaker 1: safety plan goes into effect this week in an effort
• 25:56
  Speaker 1: to quote curb rampant homelessness and high crime rate it's
• 26:00
  Speaker 1: in the subway system. A press release from Adam's office
• 26:03
  Speaker 1: say that the New York Police Department will be directed
• 26:05
  Speaker 1: to enforce certain subway rules, such as sleeping across multiple seats,
• 26:10
  Speaker 1: exhibiting aggressive behavior to pastors, are creating an unsanitary environment. Man,
• 26:15
  Speaker 1: this almost sounds like stopping frist, doesn't it. No more smoking,
• 26:19
  Speaker 1: no more doing drugs, no more sleeping, no more doing
• 26:22
  Speaker 1: barbecues on the subway system, no more just doing whatever
• 26:24
  Speaker 1: you want. Adams detailed his planned. Well, if you don't
• 26:27
  Speaker 1: have the manpower to stop it, then what's the point
• 26:30
  Speaker 1: of even having this conversation. You went defund the police,
• 26:33
  Speaker 1: you went for bond and bail reform, and now you
• 26:36
  Speaker 1: have high crime. Quote the mayor says, those days are
• 26:39
  Speaker 1: over per metric card, right, the system, get off at
• 26:42
  Speaker 1: your destination. That's what this administration is saying. I have
• 26:45
  Speaker 1: a feeling this dude's gonna lose. Just so you know, right,
• 26:49
  Speaker 1: that's what I have a feeling. I'm a feeling you're
• 26:51
  Speaker 1: going to loose. Want to be clear, very good chance,
• 26:55
  Speaker 1: but they're not going to fix this. But hey, come
• 26:58
  Speaker 1: out with a cool press release saying somehow you're going
• 27:00
  Speaker 1: to fix things, and maybe people were stupid enough to
• 27:02
  Speaker 1: believe you're actually going to fix things. You defund the police,
• 27:07
  Speaker 1: what did you think was going to happen? Right? I mean, really,
• 27:10
  Speaker 1: you defund the police. What did you think was going
• 27:14
  Speaker 1: to happen? You stop prosecuting people for heinous crimes, You
• 27:22
  Speaker 1: start allowing people to go out and assault people and
• 27:24
  Speaker 1: never even go to jail because instantly you would release
• 27:27
  Speaker 1: them back into society. What the hell did you think
• 27:30
  Speaker 1: was going to happen? And now they're out there saying, oh,
• 27:33
  Speaker 1: big brother, we're gonna put these cameras out there. As
• 27:37
  Speaker 1: one person said, logistically it would be a nightmare. You're
• 27:40
  Speaker 1: going to have to tie up a lot of officers
• 27:42
  Speaker 1: doing this sort to retire. New York Police Department captain
• 27:45
  Speaker 1: who serves in the department's transit division told the Associated Press,
• 27:48
  Speaker 1: we have hundreds of stations, and the fact of the
• 27:50
  Speaker 1: matter is putting someone at every entrance to every station
• 27:53
  Speaker 1: is logistically impossible. He acknowledged a challenge, but said the
• 27:57
  Speaker 1: system might still be worth trying at select locations as
• 28:00
  Speaker 1: a deterrent, saying, quote, we want to be able to
• 28:03
  Speaker 1: just pop up at a station someplace so people don't
• 28:06
  Speaker 1: know where. That is similar to what we do with
• 28:08
  Speaker 1: car checkpoints. The push for better subway security got renewed
• 28:12
  Speaker 1: urgency in April after Gum and set off smoke bombs
• 28:14
  Speaker 1: and spread a subway compartment with shots, winning ten people.
• 28:18
  Speaker 1: Then on May the twenty second, another gum and killed
• 28:20
  Speaker 1: a passenger and what authorities said appeared to be a
• 28:22
  Speaker 1: random attack, And a day after the killing, Adams again
• 28:25
  Speaker 1: express interests and weapons screening technology. Now they're saying we
• 28:30
  Speaker 1: must have this, and we must do it now. So
• 28:33
  Speaker 1: you create the environment of chaos, anarchy and insanity, and
• 28:37
  Speaker 1: then you want to completely undo all of that very
• 28:41
  Speaker 1: quickly by just coming out and saying, all right, we
• 28:43
  Speaker 1: know we got to fix it, so we're gonna do screening.
• 28:45
  Speaker 1: We're not going to prosecute people, right, That's not what
• 28:49
  Speaker 1: we're gonna do. We're not going to prosecute people. No, no, no,
• 28:53
  Speaker 1: that won't happen. We're not going to change the laws
• 28:56
  Speaker 1: back to what was working before. Heavens, no, no, no no, no,
• 29:00
  Speaker 1: We're gonna We're gonna get a screening service and somehow
• 29:03
  Speaker 1: that'll fix it all right. Lastly, please make sure you
• 29:07
  Speaker 1: hit that subscribe button or auto download button wherever you
• 29:11
  Speaker 1: were listening to this podcast right now and take a
• 29:14
  Speaker 1: moment to write us a five star review. Many on
• 29:17
  Speaker 1: the left have been attacking our podcast writing us bad
• 29:19
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• 29:23
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• 29:25
  Speaker 1: and share this podcast with your family and friends on
• 29:28
  Speaker 1: social media to help us grow. See you back here tomorrow,