Latest / The Ben Ferguson Podcast / Fake News Called It a Disaster—Reality Says U.S. Economical Jackpot

Transcript

Fake News Called It a Disaster—Reality Says U.S. Economical Jackpot · The Ben Ferguson Podcast

• 0:01
  Speaker 1: I've got one big, great piece of news for you,
• 0:04
  Speaker 1: and that is gas prices are coming down fast. Donald Trump,
• 0:11
  Speaker 1: talking about gas prices a few days ago, had this
• 0:14
  Speaker 1: to say.
• 0:14
  Speaker 2: We're now at about two dollars and fifty cents a gallon.
• 0:17
  Speaker 2: We're going to be I think at two dollars a gallon.
• 0:19
  Speaker 2: We could even crack that at some point. I'd love
• 0:21
  Speaker 2: to do it, and we could do it more easily
• 0:25
  Speaker 2: if we weren't building up the strategic national reserves, which
• 0:29
  Speaker 2: Biden emptied out before the election so that he could
• 0:31
  Speaker 2: try and get elected, Meaning he started it, then he
• 0:35
  Speaker 2: got thrown out of the race. Then she took over
• 0:37
  Speaker 2: and she kept it going, and they emptied out these
• 0:40
  Speaker 2: strategic national reserves, which are really meant for something else.
• 0:44
  Speaker 2: They're not meant to keep people happy with against Liviace.
• 0:47
  Speaker 2: They meant for war. They're meant for problems, big problems.
• 0:52
  Speaker 2: He emptied it out and then she continued it during
• 0:55
  Speaker 2: the process of trying to get elected. Didn't work out
• 0:58
  Speaker 2: too well for him, and they virtually brought it down
• 1:01
  Speaker 2: to the lowest level I believe in history, and it
• 1:06
  Speaker 2: didn't have much of an impact because the prices were
• 1:08
  Speaker 2: very high. But our price is now for energy put
• 1:12
  Speaker 2: for gasoline are really low. Electricity is coming down, and
• 1:16
  Speaker 2: when that comes down, everything comes down.
• 1:20
  Speaker 1: When that goes down, everything comes down. He's right. There
• 1:24
  Speaker 1: are people that are saying the president isn't doing enough.
• 1:28
  Speaker 1: What is wrong with you? State by state? Right now,
• 1:31
  Speaker 1: I'll give you Alabama for example, what are they saying
• 1:33
  Speaker 1: about the holiday week gas prices? What are you're paying?
• 1:36
  Speaker 1: Here's an Alabamas.
• 1:38
  Speaker 3: Well canws if you're getting ready for a long drive
• 1:40
  Speaker 3: during this holiday week, triple A saying you're paying two
• 1:43
  Speaker 3: dollars fifty six cents on average for a gallon of
• 1:46
  Speaker 3: regular right now. That's below the national average, which is
• 1:49
  Speaker 3: two dollars and eighty five cents this week. This time
• 1:52
  Speaker 3: last year, the average price of gas here in the
• 1:54
  Speaker 3: state was two seventy four. Gas Buddy says Christmas Day
• 1:58
  Speaker 3: gas prices will fall to the lowest level since twenty
• 2:01
  Speaker 3: twenty West.
• 2:03
  Speaker 1: The lowest level since twenty twenty, and they want you
• 2:06
  Speaker 1: to believe that the economy is not going in the
• 2:08
  Speaker 1: right direction. It's not just Alabama. Check in Ohio local
• 2:13
  Speaker 1: WTL channel eleven there for hitting.
• 2:16
  Speaker 4: The roadways because Toledo area gas prices continuing to trend downward,
• 2:20
  Speaker 4: which is great news there. A gas Buddy analyst shows
• 2:24
  Speaker 4: that average gas prices are falling and actually felt nearly
• 2:28
  Speaker 4: forty cents in the last week gallon of gas on average.
• 2:31
  Speaker 4: I'm going to talk to you about two forty eight,
• 2:34
  Speaker 4: which is almost forty one cents lower than a month
• 2:37
  Speaker 4: ago and more than sixty one cents lower than a
• 2:40
  Speaker 4: year ago.
• 2:43
  Speaker 1: Sixty cents a gallon lower than a year ago. That's real.
• 2:47
  Speaker 1: But pere, I go, oh no, he's not doing enough.
• 2:49
  Speaker 1: Really okay, really, we're not like, we're not all right.
• 2:51
  Speaker 1: So let's just go to another city where they're talking
• 2:54
  Speaker 1: about this Phoenix, Arizona's not sustainable.
• 2:57
  Speaker 5: Where your wallet will find some holiday cheer is that
• 2:59
  Speaker 5: the gas station. More than one hundred and nine million
• 3:02
  Speaker 5: Americans are expected to drive to their year end destination,
• 3:06
  Speaker 5: according to Triple A, up two percent from last year.
• 3:09
  Speaker 5: Low gas prices are a big reason why. As of Monday,
• 3:13
  Speaker 5: the national average for a gallon of regular two dollars
• 3:16
  Speaker 5: eighty five cents, down nineteen cents from last year. If
• 3:19
  Speaker 5: you're looking for last minute gifts and last minute.
• 3:22
  Speaker 6: Savings, consider sporting goods, dish, sets and smartphones, all items that, generally,
• 3:27
  Speaker 6: according to government inflation data, costs less than they did
• 3:31
  Speaker 6: last year in Washington.
• 3:33
  Speaker 1: Well, did you hear that smartphones are less? Tablets are less? Way,
• 3:37
  Speaker 1: that can't be right, That can't be happening. No, I
• 3:41
  Speaker 1: thought everything was bad. I mean, isn't that what they
• 3:45
  Speaker 1: said to us? They told us that everything's bad? How
• 3:50
  Speaker 1: can there be this much good news? Because they said
• 3:55
  Speaker 1: it was terrible news. They said that everything was going
• 3:58
  Speaker 1: in the wrong direction. Trump was a disaster. I don't
• 4:02
  Speaker 1: Somebody's got to explain this to me. Insert sarcasm. There,
• 4:07
  Speaker 1: Operation Overlord, the D Day Beaches. You and I share
• 4:11
  Speaker 1: a passion for history, so I hope you'll join me
• 4:14
  Speaker 1: next spring on the D Day Beaches in Normandy. That's right,
• 4:17
  Speaker 1: the invasion that sealed Hitler's doom. Oh Maha and Utah.
• 4:21
  Speaker 1: You're going to discover the sacred patch of sand with me.
• 4:24
  Speaker 1: Ten days in Europe, luxury hotels and fully escorted by
• 4:28
  Speaker 1: America's leading expert on France and the D Day Invasion.
• 4:32
  Speaker 1: Can chase fifty seven fifty seven and that includes your airfare.
• 4:37
  Speaker 1: You're going to stand at General Patton's gravesite by stone Point,
• 4:41
  Speaker 1: Duhal and Mulberry Harbor. Call my friends at Conservative Tours
• 4:45
  Speaker 1: on your cell phone. Just dial pound two fifty and
• 4:48
  Speaker 1: say the keyword Conservative Tours, or go to Conservative Tours
• 4:53
  Speaker 1: dot com an A plus rating with the BBB all
• 4:56
  Speaker 1: your sight seeing in Paris. To dial pound two fifty
• 4:59
  Speaker 1: say the keyword Conservative Tours. You'll have the option to
• 5:03
  Speaker 1: receive a one time auto dialed text message from my Heartmedia.
• 5:08
  Speaker 1: Affordability it is going to be the issue of the
• 5:11
  Speaker 1: midterm elections if there was an election today. It's the
• 5:15
  Speaker 1: issue that Democrats are saying they believe they have the
• 5:18
  Speaker 1: best footing on to go after Donald Trump, saying that
• 5:22
  Speaker 1: it's all his fault that affordability is not where you
• 5:25
  Speaker 1: want it. But then you will get prices. And there
• 5:28
  Speaker 1: are massive successes that have happened that are the complete
• 5:31
  Speaker 1: opposite of what Joe Biden and Kamala Harris were doing.
• 5:35
  Speaker 1: Energy Secretary Chris Wright, for example, pointing to now what
• 5:39
  Speaker 1: is historic gas prices compared to Biden and the Secretary
• 5:44
  Speaker 1: of Energy Chris Wright saying this about where the gas
• 5:47
  Speaker 1: prices are today.
• 5:49
  Speaker 7: And you know, I don't think there was there definitely
• 5:52
  Speaker 7: wasn't a time during the Biden administration when when the
• 5:55
  Speaker 7: gas went below the price, they came in. Of course,
• 5:57
  Speaker 7: they came in during the pandemic when prices were very
• 6:01
  Speaker 7: low because people weren't traveling as much. But they basically
• 6:05
  Speaker 7: you look at a chart and it's pretty amazing the
• 6:09
  Speaker 7: way it just stayed up there. It did come down
• 6:11
  Speaker 7: for the high point of five bucks a gallon, but
• 6:14
  Speaker 7: it never really came down significantly enough for American car users.
• 6:20
  Speaker 8: Imagine if Harris had won the election, where would gasoline
• 6:24
  Speaker 8: prices be today? How would American consumers feel? I guess
• 6:28
  Speaker 8: you could visit California and get a preview of that,
• 6:31
  Speaker 8: where gasoline prices are over fifty percent higher than the
• 6:36
  Speaker 8: national average. Those are political choices. They're not unfortunate facts.
• 6:40
  Speaker 8: They're political choices to make energy expensive.
• 6:42
  Speaker 1: Now, political choices deliberately to make gas prices expensive. You
• 6:49
  Speaker 1: also go back to the chart that he was referring to,
• 6:52
  Speaker 1: and that chart is one that truly is incredible. When
• 6:56
  Speaker 1: Joe Biden became president November of twenty twenty, gas prices
• 6:59
  Speaker 1: were about two dollars and twenty cents a gallon. By
• 7:03
  Speaker 1: June of that of twenty twenty two, the Biden administration
• 7:07
  Speaker 1: had gotten gas prices up to five dollars and three
• 7:10
  Speaker 1: cents a gallon average. They then tried to artificially deflate
• 7:15
  Speaker 1: that price by even releasing all reserves. Why because they
• 7:20
  Speaker 1: wanted to win reelection. And in November of twenty twenty five,
• 7:24
  Speaker 1: we were at three dollars and seventeen cents a gallon
• 7:27
  Speaker 1: national average, meaning fifty percent. We're paying more than that,
• 7:31
  Speaker 1: and in many places much more so. Now where are we,
• 7:35
  Speaker 1: the President United States of America saying, I understand affordability,
• 7:39
  Speaker 1: and I understand there are many Americans that are concerned
• 7:42
  Speaker 1: about it. And here's part of what he had to
• 7:44
  Speaker 1: say at the White House.
• 7:45
  Speaker 2: We're now at about two dollars and fifty cents a gallon.
• 7:48
  Speaker 2: We're going to be I think at two dollars a gallon.
• 7:50
  Speaker 2: We could even crack that at some point. I'd love
• 7:52
  Speaker 2: to do it, and we could do it more easily
• 7:56
  Speaker 2: if we weren't building up the strategic national reserves, which
• 8:00
  Speaker 2: Biden emptied out before the election so that he could
• 8:02
  Speaker 2: try and get elected, meaning she he started it, then
• 8:06
  Speaker 2: he got thrown out of the race. Then she took over,
• 8:08
  Speaker 2: and she kept it going, and they emptied out these
• 8:11
  Speaker 2: strategic national resilts, which are really meant for something else.
• 8:15
  Speaker 2: They're not meant to keep people happy with the gasoline price.
• 8:18
  Speaker 2: They meant for war. They're meant for problems, big problems.
• 8:23
  Speaker 2: He emptied it out, and then she continued it during
• 8:26
  Speaker 2: the process of trying to get elected. Didn't work out
• 8:29
  Speaker 2: too well for him, and they virtually brought it down
• 8:32
  Speaker 2: to the lowest level I believe in history. And it
• 8:37
  Speaker 2: didn't have much of an impact because the prices were
• 8:39
  Speaker 2: very high. But our price is now for energy put
• 8:43
  Speaker 2: for gasoline or really low electricities coming down. And when
• 8:47
  Speaker 2: that comes down, everything comes down.
• 8:50
  Speaker 1: When that comes down, everything comes down. Now the president
• 8:55
  Speaker 1: saying that just a few days ago, and now what
• 8:57
  Speaker 1: we're seeing is we're winning. The average gas price has
• 9:01
  Speaker 1: dropped again, now under three dollars a gallon. The average
• 9:05
  Speaker 1: price for a gallon of unleaded gasoline in the United
• 9:08
  Speaker 1: States dipped again this week, now standing at under three
• 9:10
  Speaker 1: dollars a gallon. According to gas Buddy the December eighth update,
• 9:15
  Speaker 1: gas prices fell five cents over the last week, reaching
• 9:18
  Speaker 1: two ninety a gallon, and the national average is down
• 9:22
  Speaker 1: seventeen point six cents from a month ago, seven point
• 9:25
  Speaker 1: three cents per gallon lower than a year ago, and
• 9:28
  Speaker 1: the national average price of diesel has also fallen five
• 9:31
  Speaker 1: point one cents in the last week, standing at three
• 9:34
  Speaker 1: dollars and sixty seven cents per gallon average. Now this
• 9:38
  Speaker 1: is also incredible because Americans are now paying less for
• 9:41
  Speaker 1: a lot of different things. Because of the price of
• 9:45
  Speaker 1: a gallon of gas going down, you, depending on where
• 9:48
  Speaker 1: you're listening right now, can look at signs that will
• 9:52
  Speaker 1: make you not be stressed like they were under the
• 9:54
  Speaker 1: Biden administration when it was again five dollars a gallon.
• 10:00
  Speaker 1: Triple a also reflect the reality of an average under
• 10:03
  Speaker 1: three dollars. According to its data, the national gas price average,
• 10:07
  Speaker 1: they say, stands at two ninety five, and for greater perspective,
• 10:10
  Speaker 1: one week ago, the average stood at three oh one.
• 10:12
  Speaker 1: One month ago, it stood at three oh seven. States
• 10:16
  Speaker 1: across the south in the Midwest are also seeing prices
• 10:19
  Speaker 1: even lower. In Oklahoma, for example, the average gas price
• 10:24
  Speaker 1: rings in at two dollars and thirty six cents a gallon.
• 10:28
  Speaker 1: Texas is average now sits below two fifty a gallon.
• 10:32
  Speaker 1: Missouri at two sixty a gallon. In other states including Florida, Alabama, Michigan, Ohio,
• 10:38
  Speaker 1: South Carolina, North Carolina, Virginia, Montana, and others are seeing
• 10:42
  Speaker 1: averages now under three dollars a gallon, which they did
• 10:45
  Speaker 1: not see under the Biden regime. Now some of the
• 10:48
  Speaker 1: highest prices and this goes back to what was said
• 10:51
  Speaker 1: earlier by the Energy Secretary, are in leftist states. California,
• 10:56
  Speaker 1: for instance, is seeing an average of four dollars and
• 10:59
  Speaker 1: forty six per gallon, That is a dollar fifty seven
• 11:04
  Speaker 1: a gallon higher than the national average. Others such as
• 11:09
  Speaker 1: New York, Washington, Hawaii, and Nevada average above three dollars
• 11:13
  Speaker 1: per gallon as well. Still, this is dramatically lower than
• 11:17
  Speaker 1: the all time summer high Americans experience in twenty twenty two.
• 11:21
  Speaker 1: That summer gas price is sword reaching an all time
• 11:24
  Speaker 1: high of five dollars and sixteen cents average for a
• 11:28
  Speaker 1: gallon of regular unleaded on June the fourteenth, right in
• 11:32
  Speaker 1: the middle of summer travel of twenty twenty two. Days later,
• 11:37
  Speaker 1: and even a more shocking moment, the diesel prices, which
• 11:40
  Speaker 1: are eighteen wheelers use, reach an average high of five
• 11:43
  Speaker 1: dollars and eighty one cents a gallon, the White House
• 11:48
  Speaker 1: putting it out in a tweet this way, In thirty
• 11:51
  Speaker 1: seven states, the average price for gas is blowed three
• 11:54
  Speaker 1: dollars a gallon. In twenty two states, it's blowed two
• 11:58
  Speaker 1: seventy five a gallon, five states it's below two fifty
• 12:01
  Speaker 1: a gallon, and all states are now trending lower now.
• 12:06
  Speaker 1: All of this follows an update last week announced that
• 12:09
  Speaker 1: gas prices had fallen below the three dollar gallon for
• 12:12
  Speaker 1: the first time in four years. Last month, President Trump
• 12:18
  Speaker 1: celebrated the strides's administration has made since last year's election,
• 12:21
  Speaker 1: making living more affordable for the American people, with gas prices, groceries,
• 12:27
  Speaker 1: and rental prices actually falling. So when you hear the
• 12:31
  Speaker 1: media and Democrats saying that we have a quote affordability crisis,
• 12:37
  Speaker 1: I agree, it costs too much for a lot of things.
• 12:41
  Speaker 1: But are the prices heading in the right direction? The
• 12:46
  Speaker 1: answer is yes, they are going in the right direction.
• 12:51
  Speaker 1: They are not going in the wrong direction. They are
• 12:55
  Speaker 1: headed exactly where Donald Trump said they were going to
• 12:58
  Speaker 1: be headed. And that is part of why so many
• 13:01
  Speaker 1: Americans should take a moment pause and look and see
• 13:05
  Speaker 1: what the President is actually doing to get all this
• 13:09
  Speaker 1: moving the way it needs to. Quick break Ben Ferguson's show,
• 13:15
  Speaker 1: it's the economy stupid. That is the line that matters
• 13:19
  Speaker 1: in every election. If you're not talking about the economy
• 13:23
  Speaker 1: and the economy is bad, you're gonna have problems. Democrats
• 13:27
  Speaker 1: believe that the majority of you listening right now are
• 13:31
  Speaker 1: blaming Donald Trump for what they're describing as a quote
• 13:34
  Speaker 1: about economy. I'm actually not joking. What is the data saying?
• 13:39
  Speaker 1: It says the opposite of that. President Donald Trump on
• 13:44
  Speaker 1: Tuesday credited his tariffs with producing better than expected economic
• 13:49
  Speaker 1: numbers in the third quarter and added that the quote
• 13:51
  Speaker 1: Trump economic golden Age is full steam ahead and a
• 13:56
  Speaker 1: pair of true social posts. Trump said the tariffs are
• 13:59
  Speaker 1: response toible for the great USA economic numbers and declared
• 14:05
  Speaker 1: there is quote no inflation in great national security, while
• 14:09
  Speaker 1: urging support to pray for the US Supreme Court. He
• 14:14
  Speaker 1: also touted the Commerce Department's reported four point three percent
• 14:18
  Speaker 1: growth as a ratest proof that good government and all
• 14:22
  Speaker 1: caps tariffs are powering what he called the Trump economic
• 14:26
  Speaker 1: golden Age. The government's initial estimates show US growth and
• 14:31
  Speaker 1: the gross domestic product numbers are big. The broadish measure
• 14:36
  Speaker 1: of economic output, it rose at four point three percent
• 14:40
  Speaker 1: annual pace from July through September. That is up, not
• 14:44
  Speaker 1: down from the three point eight in the second quarter,
• 14:47
  Speaker 1: as well as the roughly three percent forecast tracked by
• 14:51
  Speaker 1: fact Set. Now, the report credit stronger consumer spending. In fact,
• 14:55
  Speaker 1: we had record Black Friday sales and Monday Cyber Monday sales,
• 15:00
  Speaker 1: highre exports by the way, and increased government outlays for
• 15:05
  Speaker 1: the jump. Trump sees on those details, arguing that tariffs
• 15:08
  Speaker 1: are boosting the domestic production and rebalancing trade. In his
• 15:13
  Speaker 1: second post, Trump claimed that consumer spending is strong and
• 15:17
  Speaker 1: its way up. Imports and trade deficits are way down,
• 15:22
  Speaker 1: adding that investment is setting records because of his tax package,
• 15:26
  Speaker 1: which he labeled the Great, Big, Beautiful Bill, and his
• 15:30
  Speaker 1: tariff policy, which Democrats said would be a disaster that
• 15:34
  Speaker 1: is actually not what has happened. What we've seen is
• 15:37
  Speaker 1: incredible number of dollars that have been collected by our
• 15:40
  Speaker 1: federal government, which will then help with our out of
• 15:43
  Speaker 1: control government spending, our deficits. Now, consumer spending and this
• 15:48
  Speaker 1: is important, grew it at a three point five percent
• 15:51
  Speaker 1: annual rate in the third quarter that is up an
• 15:55
  Speaker 1: entire percentage point from the two point five in the
• 15:58
  Speaker 1: prior period. Sports also surged and government spending also increased.
• 16:04
  Speaker 1: Baron similarly noted that expert exports excuse me, jumped sharply
• 16:10
  Speaker 1: and that business investment improved compared with the prior quarter,
• 16:14
  Speaker 1: even as an analyst warned trade flows can be temporarily
• 16:18
  Speaker 1: distorted by shifting tariff expectations. That's how they described it. Now,
• 16:23
  Speaker 1: here's what really matters. Inflation. Inflation remains a key political
• 16:29
  Speaker 1: and economic pressure point. The federal reserves preferred inflation gauge,
• 16:34
  Speaker 1: all right, what they prefer, the personal consumption expenditures know
• 16:38
  Speaker 1: his PCEE. The price Index rose at a two point
• 16:43
  Speaker 1: eight percent annual pace last quarter, with core PCE at
• 16:46
  Speaker 1: two point nine, both above the Fed's two percent target,
• 16:50
  Speaker 1: but down from where they were with Biden. That dynamic
• 16:55
  Speaker 1: could complicate the Central Bank's next steps on interest rates
• 16:58
  Speaker 1: is what some economists are warning now. The GDP report
• 17:02
  Speaker 1: was also released later than originally scheduled because of a
• 17:05
  Speaker 1: recent government shutdown, which created a backlog of federal economic data.
• 17:10
  Speaker 1: The shutdowns expected to weigh on the fourth quarter activity,
• 17:13
  Speaker 1: with estimate suggested it could shave one to two percentage
• 17:16
  Speaker 1: points off growth in the current quarter that we're in
• 17:19
  Speaker 1: right now because the government was shut down. We know
• 17:22
  Speaker 1: that is temporary and obviously will come back now. Donald
• 17:26
  Speaker 1: Trump and many of his advocates his allies argued the
• 17:30
  Speaker 1: headline growth number validates an America first approach, the US
• 17:36
  Speaker 1: using these tariffs to pressure adversaries, protect US industry, and
• 17:41
  Speaker 1: drive investment back home. So all of this is way
• 17:45
  Speaker 1: better than what we were quote expecting. Fox Business Channel
• 17:50
  Speaker 1: describing it this way on what we've just witnessed.
• 17:52
  Speaker 7: First story today is, of course, the economic growth story,
• 17:56
  Speaker 7: which even a lot of supply siders really didn't see coming.
• 17:59
  Speaker 7: We worked expecting a third quarter to come in at
• 18:02
  Speaker 7: a strong three point three percent. Instead, it came in
• 18:06
  Speaker 7: a full percentage point higher, a super strong four point
• 18:10
  Speaker 7: three percent, And with recent inflation numbers coming in generally
• 18:14
  Speaker 7: lower than expected, it looks like President Trump's economic policies
• 18:18
  Speaker 7: are turning Biden's stagflation on its head.
• 18:22
  Speaker 1: For turning Biden's stagflation on its head, we're experiencing a
• 18:29
  Speaker 1: third quarter that came in very strong. That is what
• 18:34
  Speaker 1: the numbers show. What's also interesting about this is a
• 18:38
  Speaker 1: few moments later, you had the White House send out
• 18:42
  Speaker 1: Kevin Hassett to talk about these numbers. Listen to what
• 18:45
  Speaker 1: he said again on Fox Business.
• 18:48
  Speaker 7: For more details. Let's bring in NEC director Kevin Hassett.
• 18:52
  Speaker 7: A good day in the White House. I imagine, Kevin, you
• 18:56
  Speaker 7: got strong growth, lower inflation. Looks like a perfect scenario.
• 19:01
  Speaker 9: Yeah.
• 19:01
  Speaker 10: And one of the things that I would like to
• 19:04
  Speaker 10: add is the Larry Kudlow and I on the show.
• 19:08
  Speaker 10: For the last two months, I've been telling you you're
• 19:10
  Speaker 10: going to get a four percent number. You did it,
• 19:12
  Speaker 10: and and so it's really interesting to see the headlines
• 19:16
  Speaker 10: from the fake news everywhere you look. It's like, oh,
• 19:19
  Speaker 10: it's a completely surprising north of four percent number. But
• 19:23
  Speaker 10: the point is that President Trump's policies are working, and
• 19:26
  Speaker 10: they're very visibly working now because we've seen we've seen
• 19:29
  Speaker 10: the data. And you know, President Trump, when we were
• 19:32
  Speaker 10: talking about the numbers, he said something like, well, why
• 19:35
  Speaker 10: don't we get twenty percent?
• 19:37
  Speaker 1: Did you see that? He truth to that today. I did.
• 19:39
  Speaker 7: That's that's a little little ambitious.
• 19:41
  Speaker 10: I don't know about twenty percent. But the point, the
• 19:43
  Speaker 10: point is that we're in the very unprecedented time that
• 19:47
  Speaker 10: the macro thing is that. It's just like when we
• 19:49
  Speaker 10: invented the computer and then or was it Al Gore
• 19:52
  Speaker 10: that did that?
• 19:52
  Speaker 1: Oh he was the Internet, and.
• 19:54
  Speaker 10: Then all of a sudden in the nineties we had
• 19:56
  Speaker 10: incredible growth year after year after here with no inflation.
• 19:59
  Speaker 10: And so I think you by that way, I think
• 20:01
  Speaker 10: we could do it.
• 20:01
  Speaker 7: I think we have those numbers. Do you have the numbers?
• 20:04
  Speaker 1: Producers? Can you put that up?
• 20:05
  Speaker 7: Because the tax that Reagan tax cuts for a lot
• 20:08
  Speaker 7: of reasons, mostly political, didn't kick in until January one,
• 20:12
  Speaker 7: nineteen eighty three. The next six years you were growing.
• 20:16
  Speaker 7: The first year you grew at about four and a
• 20:18
  Speaker 7: half percent, The second year, the United States grew at
• 20:21
  Speaker 7: over seven percent, and I think the average after of
• 20:24
  Speaker 7: six years was about four and a half percent. Do
• 20:27
  Speaker 7: you think that's going going to be that case for
• 20:30
  Speaker 7: the rest of the Trump administration?
• 20:32
  Speaker 8: There?
• 20:33
  Speaker 10: Right, Yeah, that's right. So what happened with the Reagan
• 20:36
  Speaker 10: numbers is an example. But there was a second example.
• 20:39
  Speaker 10: So Reagan did it with tax policy, and then it
• 20:42
  Speaker 10: happened in the late nineties. Really because computers made everybody
• 20:45
  Speaker 10: more productive. The thing about what President Trump in Tuwitz,
• 20:48
  Speaker 10: which is true, is that we've got both of those.
• 20:52
  Speaker 10: So we've got artificial intelligence increasing productivity, and we've got
• 20:56
  Speaker 10: amazing tax policy as well, and so there's a chance
• 20:59
  Speaker 10: that we get to numbers north of even what you've
• 21:03
  Speaker 10: seen without inflation. And that's the other thing that the
• 21:05
  Speaker 10: President mentioned in is Truth Today, which I really want
• 21:08
  Speaker 10: to reemphasize because he understands this is that if you
• 21:11
  Speaker 10: see growth because the government is setting checks to everybody
• 21:16
  Speaker 10: and the FED is printing money, then that's going to
• 21:18
  Speaker 10: cause inflation.
• 21:19
  Speaker 1: The Fed's going to have to raise race.
• 21:20
  Speaker 10: But if you feel growth because of supply side effects,
• 21:24
  Speaker 10: then you can get the growth without the inflation. And
• 21:26
  Speaker 10: that's something that.
• 21:27
  Speaker 1: We're seeing right now.
• 21:27
  Speaker 9: As you know.
• 21:28
  Speaker 10: CPI came in with a core of one point six
• 21:31
  Speaker 10: percent just last week. As so we're getting growth without inflation,
• 21:34
  Speaker 10: which is really proving both Reagan and Trump correct.
• 21:38
  Speaker 1: So you listen to Kevin and I play that for you,
• 21:40
  Speaker 1: because not only is this what the White House said
• 21:43
  Speaker 1: was going to happen, but it's even better than what
• 21:48
  Speaker 1: they were expecting. Why, because they're empowering Americans to succeed
• 21:53
  Speaker 1: without government subsidies. You saw inflation got of control under
• 21:58
  Speaker 1: the Biden regime because they were constantly wanting to send
• 22:02
  Speaker 1: you money, so you'd be totally dependent on them, and
• 22:06
  Speaker 1: it's buying votes, right, And then we saw inflation it
• 22:09
  Speaker 1: out of control because if you're printing money and you're
• 22:11
  Speaker 1: giving out money and it's not actually being earned, and
• 22:14
  Speaker 1: it's not actually the economy that's doing it, then it's artificial.
• 22:17
  Speaker 1: It's not real, right, It's like completely artificial. That is
• 22:22
  Speaker 1: a big problem. So you look at this now, and
• 22:28
  Speaker 1: I will say it again because I think it's so
• 22:32
  Speaker 1: important that people understand this. What the president has stopped,
• 22:37
  Speaker 1: and then what the president is doing right now is amazing.
• 22:43
  Speaker 1: He has stopped Biden inflation that got out of control
• 22:46
  Speaker 1: and is now turning around in eleven months. We should
• 22:50
  Speaker 1: all be celebrating this. This is the best case scenario.
• 22:56
  Speaker 1: And when the media is like, oh, it's going to
• 22:58
  Speaker 1: be a disaster, Oh it's going to be bad, Oh
• 23:00
  Speaker 1: it's going to be terrible, and the economy is everything,
• 23:04
  Speaker 1: I agree. The economy is everything. I couldn't agree with
• 23:07
  Speaker 1: you more. The economy is everything. And what the president's
• 23:12
  Speaker 1: doing is doing exactly that the economy is fighting because
• 23:16
  Speaker 1: of the policies that this president is put forward that's
• 23:20
  Speaker 1: empowering Americans to make more of their own money, keep
• 23:22
  Speaker 1: more of their own money, and allowing small businesses to grow.
• 23:25
  Speaker 1: How could we not love that, on top of the tariffs,
• 23:27
  Speaker 1: on top of bringing jobs and investment back to the
• 23:29
  Speaker 1: United States of America on the world stage. This is
• 23:32
  Speaker 1: why things right now are moving the right direction, even
• 23:34
  Speaker 1: while everyone in the media is trying to convince you
• 23:37
  Speaker 1: that things are bad. The numbers don't lie. New economic
• 23:43
  Speaker 1: numbers are out and it shows that Donald Trump's plan
• 23:47
  Speaker 1: is absolutely working. That is driving the left totally insane.
• 23:55
  Speaker 1: President Trump's tariffs are responsible for what he describes as
• 23:58
  Speaker 1: the strong at economic numbers. Kevin Hassett saying President Trump's
• 24:03
  Speaker 1: pro growth policies are working, and they're visibly working now
• 24:07
  Speaker 1: because we've seen the data now. This also is moving
• 24:13
  Speaker 1: forward with what's about to come down the pipe in
• 24:16
  Speaker 1: twenty twenty six, which is no tax on tips, no
• 24:19
  Speaker 1: tax on overtime, will both become reality. They've been passed,
• 24:22
  Speaker 1: but they are enacted in twenty twenty six, and no
• 24:25
  Speaker 1: tax for the majority on Social Security that is massive.
• 24:30
  Speaker 1: You put that together, and I got to tell you
• 24:35
  Speaker 1: this is what you I would refer to as supercharging
• 24:38
  Speaker 1: the economy, especially compared to where we were. A lot
• 24:43
  Speaker 1: of people don't get credit for implementing their policies when
• 24:47
  Speaker 1: they do it. And if you look at the difference
• 24:50
  Speaker 1: between where we are now and where we were when
• 24:55
  Speaker 1: Joe Biden was in office, it is amazing. Where we're headed, though,
• 25:00
  Speaker 1: is going to be even more than that. It's going
• 25:03
  Speaker 1: to be more important than that. You know, you look
• 25:07
  Speaker 1: at what Democrats are fighting over right now, and in
• 25:10
  Speaker 1: Minnesota fraud scandal is a great example of that. You've
• 25:14
  Speaker 1: got a group of fraudsters in the Smiley community that
• 25:17
  Speaker 1: the Democrats won't hold accountable. It is truly remarkable that
• 25:21
  Speaker 1: Tim Waltz is even thinking about running for reelection, knowing
• 25:24
  Speaker 1: just how bad the fraud was. Tim Waltz is out
• 25:27
  Speaker 1: there trying to divide the country and certainly in his
• 25:31
  Speaker 1: state even more by screaming racism on everything. He's now
• 25:35
  Speaker 1: instead of answering the fraud questions of our tax dollars
• 25:38
  Speaker 1: just being used to go to terrorist organizations. Not a
• 25:42
  Speaker 1: joke by the millions. What is he out there doing? Oh,
• 25:46
  Speaker 1: he's like all right, well, I'll figure out a way
• 25:48
  Speaker 1: to distract from this. He's now railing against ice raids in
• 25:52
  Speaker 1: Minnesota by accusing the Trump administration of now what he
• 25:55
  Speaker 1: describes as quote, white supremacy. Did you hear me white supremacy,
• 26:01
  Speaker 1: Tim Waltz in his own words, So.
• 26:05
  Speaker 9: This is what happens when your own federal government wages
• 26:08
  Speaker 9: war against you. This is what happens when they target
• 26:10
  Speaker 9: communities for their own benefit. This is what happens when
• 26:13
  Speaker 9: they scapegoat. And this is what say happens when they
• 26:16
  Speaker 9: no longer hide the idea of white supremacy. When you
• 26:19
  Speaker 9: hear the Vice President of the United States talk about
• 26:21
  Speaker 9: now white people won't have to apologize for being white.
• 26:24
  Speaker 9: That's never happened once in my whole damn life. And
• 26:27
  Speaker 9: I think everybody in this room knows what they're doing.
• 26:29
  Speaker 9: So we're here today to say enough of this. We're
• 26:32
  Speaker 9: here today to stand that Minnesota will protect their neighbors
• 26:36
  Speaker 9: white supremacy.
• 26:37
  Speaker 1: This is what happens when they no longer hide the
• 26:39
  Speaker 1: idea of white supremacy. So finding illegal immigrants who are
• 26:43
  Speaker 1: committing crimes, holding people accountable for de friden the government.
• 26:47
  Speaker 1: He now is describing it as white supremacy. One eight
• 26:53
  Speaker 1: seven seven three eight to one thirty eight eleven one
• 26:57
  Speaker 1: eight seven seven three eight one thirty eight to eleven.
• 27:02
  Speaker 1: We'll get your phone calls in here, your reaction to this.
• 27:05
  Speaker 1: I do believe the midterms are gonna be about the economy.
• 27:08
  Speaker 1: I also believe that the midterms are going to be
• 27:10
  Speaker 1: about do you trust the president of the United States
• 27:12
  Speaker 1: of America and to do exactly what he's doing. And look,
• 27:16
  Speaker 1: there is massive corruption and our government spending is a
• 27:20
  Speaker 1: real problem. I'll give you a great example of that.
• 27:23
  Speaker 1: You may not realize that we borrow over two hundred
• 27:25
  Speaker 1: and seventy two million every hour. Did you know that?
• 27:30
  Speaker 1: I'm gonna say that again. We as a nation borrow
• 27:33
  Speaker 1: over two hundred and seventy two million every hour. We
• 27:36
  Speaker 1: borrow four point five to four million every minute, and
• 27:39
  Speaker 1: we borrow over seventy five thousand dollars every second. That
• 27:42
  Speaker 1: is insane. Senator Ram Paul came out with his Festivust report,
• 27:47
  Speaker 1: pointed to trillions in government spending, including millions for COVID
• 27:51
  Speaker 1: vaccine promotion and federally funded animal experiments. He flagged one
• 27:57
  Speaker 1: point six trillion in ways from COVID influencer campaigns to
• 28:03
  Speaker 1: bizarre animal drug experiments in the new report, and people
• 28:07
  Speaker 1: should be angry about this. You should be mad that
• 28:12
  Speaker 1: we borrow two hundred and seventy two million every hour,
• 28:14
  Speaker 1: four point five to four million every minute, and we
• 28:17
  Speaker 1: borrow over seventy five thousand dollars every second. That should
• 28:22
  Speaker 1: make you live it, don't forget. Share this podcast with
• 28:27
  Speaker 1: your family and friends, share it on social media, please,
• 28:30
  Speaker 1: and I'll see you back here tomorrow