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WH Economic Data Mess plus Kamala HATED Cheney before Loving Cheney · The Ben Ferguson Podcast

0:00
Speaker 1: This morning is a very interesting day. And the reason
0:04
Speaker 1: why I say that is because the White House they're
0:09
Speaker 1: having some problems. They're having some pretty serious problems this
0:14
Speaker 1: morning because their economic data is the opposite of what
0:19
Speaker 1: they claimed yesterday at a White House press conference. They're
0:23
Speaker 1: now getting called out for it. It's bad, and they
0:29
Speaker 1: are also trying to figure out how they got it
0:31
Speaker 1: so wrong. Now, let me explain a little bit more
0:34
Speaker 1: about this so you understand. So there's data that's come out.
0:37
Speaker 1: Wall Street reacted, it wasn't great. White House apparently either
0:42
Speaker 1: had bad data or didn't realize that the data was
0:47
Speaker 1: coming out at the White House. And so now they're
0:51
Speaker 1: trying to figure out how to undo a mess that
0:54
Speaker 1: they made. And it looks like they were, when I say,
0:56
Speaker 1: asleep at the wheel, like they just missed an entire
1:00
Speaker 1: the report that they're on, like they're in charge of it, okay,
1:05
Speaker 1: Like like this is insane.
1:09
Speaker 2: It really is. Now.
1:11
Speaker 1: Top White House energy advisor went on TV today and
1:17
Speaker 1: he said that there is nothing that your AC costs
1:22
Speaker 1: have to do with oil production, Okay, And he's getting
1:28
Speaker 1: ripped this morning because the cost of energy, the cost
1:33
Speaker 1: of electricity, the cost of heating your home very much
1:39
Speaker 1: is connected to energy prices. And he's getting ripped on
1:43
Speaker 1: for saying what he said this morning because it's also
1:47
Speaker 1: seems that he missed the same report and is asleep
1:51
Speaker 1: at the wheel. And there's a concerning aspect of this.
1:56
Speaker 1: There's there's a laughable aspect of it, and you're laughing,
1:59
Speaker 1: you're just like, God, these guys are idiots. But there's
2:02
Speaker 1: also a very concerning aspect of this. And the concerning
2:06
Speaker 1: aspect of this is the fact that it's like, Okay,
2:10
Speaker 1: so let me get this straight. You guys don't know
2:13
Speaker 1: what's going on. We clearly have no idea who's running
2:18
Speaker 1: the country. Like that's one thing that I think is
2:21
Speaker 1: a like blatantly obvious. We have no idea who's running
2:26
Speaker 1: the country. And then you guys aren't even up to
2:29
Speaker 1: date on your own intel, your own intel. You don't
2:34
Speaker 1: know what's going on. You guys have no clue what's
2:38
Speaker 1: happening with your own intel.
2:40
Speaker 2: And this is like a political thing.
2:45
Speaker 1: This is an actual government report from the White House
2:51
Speaker 1: that you're somehow unaware of. How does that even happen
2:57
Speaker 1: when you don't have a sitting president, When it's just
3:00
Speaker 1: a fake government, and I guess no one knows who's
3:03
Speaker 1: in charge. The wheels are now starting to come off,
3:06
Speaker 1: especially since they don't have to fake it as well
3:09
Speaker 1: anymore because he's no longer the candidate, right, Like, I
3:11
Speaker 1: don't believe this would have happened if Joe Biden was
3:13
Speaker 1: still the candidate, and now that he's not, I think
3:17
Speaker 1: everybody else kind of like it seems like they're like,
3:20
Speaker 1: all right, we're just going to check out, like we're
3:23
Speaker 1: going to coast. He's on vacation every week. Maybe we
3:27
Speaker 1: should just be on vacation every week. So this government
3:30
Speaker 1: report comes out, they're all flat footed, right, they all
3:35
Speaker 1: have no idea what's actually happening and what's going on,
3:39
Speaker 1: and then they start trying to figure out how to
3:42
Speaker 1: fake it because they don't understand that the report that
3:45
Speaker 1: they were supposed to have is a report that they're
3:47
Speaker 1: actually supposed to be like reporting to the people, like
3:50
Speaker 1: they're supposed to be telling us this is what's going on,
3:53
Speaker 1: and they're being asked about the report from the actual media.
3:57
Speaker 2: It is totally insane.
4:01
Speaker 1: It is completely insane that this is the scenario right now,
4:07
Speaker 1: But this is now what the country looks like when
4:11
Speaker 1: you have a guy that's been a fake president for
4:13
Speaker 1: a long time and now apparently have no clue who
4:16
Speaker 1: the president actually is. White House Energy advisor on Trump's
4:21
Speaker 1: plan to drop energy prices. Here is his response on
4:25
Speaker 1: CNBC listened this morning.
4:27
Speaker 3: Moment, and I wanted to ask you about this former
4:28
Speaker 3: President Trump saying that he believes that he could have
4:32
Speaker 3: energy prices if he wins reelection. He says, quote, you're
4:37
Speaker 3: heating and air conditioning, electricity, gasoline, all can be cut
4:40
Speaker 3: down in half. He said this at a Michigan rally
4:43
Speaker 3: last month, saying that he would declare what he calls
4:46
Speaker 3: a quote national emergency to increase fossil fuel supply and
4:49
Speaker 3: decrease prices.
4:52
Speaker 2: What do you think of that?
4:54
Speaker 4: Honestly, I have no idea what he's referring to. We
4:57
Speaker 4: have oil production is significantly higher than it was under
5:01
Speaker 4: his administration. It's full two million barrels higher than it
5:05
Speaker 4: was where we took office at thirteen and a half million.
5:08
Speaker 4: But as you know, your air conditioning costs have nothing
5:10
Speaker 4: to do with oil production. There electricity, which is not oil.
5:13
Speaker 4: In the United States, natural gas was at ninety two
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Speaker 4: bcf a day it's today at one hundred and three
5:19
Speaker 4: bcf a day, so a significant increase in gas production.
5:24
Speaker 5: With the largest LNG exporter.
5:26
Speaker 4: We'd probably be exporting a little less if demand for
5:28
Speaker 4: gas was there.
5:29
Speaker 5: It's just not there.
5:30
Speaker 4: And not only that, we've added one hundred gigawatts of
5:33
Speaker 4: clean energy over the last few years. So what really
5:37
Speaker 4: brings down the cost of electricity and cost for families
5:41
Speaker 4: is won the gasoline that's already down, the cost for
5:45
Speaker 4: natural gas we're producing as much as we've ever have,
5:48
Speaker 4: and the availability of cheap clean energy, and that's also
5:53
Speaker 4: rising dramatically.
5:55
Speaker 5: So the only thing that is in.
5:56
Speaker 1: Let me just say pause there is do any of
5:59
Speaker 1: you guys like you're getting cheap energy because the Biden administration?
6:05
Speaker 1: And again this guy's winging it. He obviously is like
6:07
Speaker 1: completely caught. This is like going into a math test,
6:10
Speaker 1: I think, and and then all of a sudden it's
6:13
Speaker 1: a history test, and you're like, wait, what what am
6:16
Speaker 1: I doing here?
6:17
Speaker 2: Wait? Where did this come from? Wait?
6:18
Speaker 1: I didn't know this was outweight? I was I was
6:20
Speaker 1: completely flat footed. Wait, I have no idea what you're
6:22
Speaker 1: talking about. I gotta wing this. I got a wing
6:25
Speaker 1: this Like in a major way. How did this happen, Like, like,
6:29
Speaker 1: when did all this happen? When did all this come out?
6:33
Speaker 1: That that's what he's doing right now. And so he
6:36
Speaker 1: just said that there is an abundance of really cheap energy. Okay,
6:41
Speaker 1: how many of you are impressed with your with your
6:43
Speaker 1: utility bill.
6:45
Speaker 2: I'm not.
6:46
Speaker 1: I'm paying more now for my utilities than I've ever had.
6:48
Speaker 1: I'm the I'm the crazy old dad that's walking around
6:51
Speaker 1: the house, you know, you know, yelling at the kids.
6:53
Speaker 2: Turn off the lights when you leave the room, turn
6:55
Speaker 2: off the lights when you leave the room. Like that's me.
6:58
Speaker 1: That's how expensive it's gotten that I mean, And I
7:01
Speaker 1: think I'm probably not the only one. When I go
7:04
Speaker 1: put gas in my car, I'm not seeing some amazing price, Like, man,
7:07
Speaker 1: this is awesome. Like I remember when Trump was in office,
7:10
Speaker 1: I actually kind of look forward to filling up my
7:12
Speaker 1: car because it.
7:12
Speaker 2: Was so cheap.
7:13
Speaker 1: You're like, this is great, dude, this is half price
7:16
Speaker 1: from what I was paying for on Obama. I mean,
7:19
Speaker 1: I remember that compare and contrast moments. And so the
7:23
Speaker 1: White House guys just told you there's an abundance of clean, cheap,
7:28
Speaker 1: renewable energy like, where do I find this at Walmart?
7:32
Speaker 1: I'm being sarcastic. You can obviously buy energy at Walmart,
7:36
Speaker 1: but keep listening.
7:37
Speaker 4: Down the costs for natural gas. We're producing as much
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Speaker 4: as we've ever have, and the availability of cheap, clean energy,
7:46
Speaker 4: and that's also rising dramatically.
7:48
Speaker 5: So the only thing that.
7:49
Speaker 4: Is energy Emergency would do would probably increase costs on
7:54
Speaker 4: American families because it would take away all the incentives
7:58
Speaker 4: for investments and things like nuclear energy, infusion and renewable energy,
8:02
Speaker 4: which is actually bringing help to bring costs down. That's
8:06
Speaker 4: what the energy transition needs to be. It needs to
8:08
Speaker 4: be continued fossil fuels for as long as we need
8:10
Speaker 4: them and bringing on clean energy that is cheaper as
8:14
Speaker 4: we need for the future. And we definitely want the
8:16
Speaker 4: private sector to invest in nuclear power, which is both
8:21
Speaker 4: clean and efficient, but it needs the incentives from the
8:23
Speaker 4: government to be able to grow.
8:25
Speaker 1: I mean, this may be the most awkward interview I've
8:28
Speaker 1: ever seen five three five nine seven three two. When
8:32
Speaker 1: I woke up this morning and I was looking at this,
8:34
Speaker 1: I started laughing, like, I've never seen an administration so
8:38
Speaker 1: unprepared on a basic report.
8:42
Speaker 2: In my entire life. And it is. It is.
8:44
Speaker 1: It's laughable, but it's incredibly concerning. Like I want to know, actually, now,
8:49
Speaker 1: who really is running the country. We know it's not
8:53
Speaker 1: Joe Biden, but who's running the country now? Who is
8:55
Speaker 1: the president? If the you know what hits the fan,
8:58
Speaker 1: who's running the country. Dick Cheney, as you know, angry
9:04
Speaker 1: that his daughter got run out of Congress, trying to
9:06
Speaker 1: get a little revenge on the maggot movement Donald Trump
9:10
Speaker 1: saying he's voting for Kamala Harris, which is just embarrassing.
9:14
Speaker 1: We've talked about that on this show before and what
9:17
Speaker 1: a sellout that is. But I also want to go
9:20
Speaker 1: back and just remind you of just how petty Dick
9:24
Speaker 1: Cheney is in this endorsement compared to the history behind
9:28
Speaker 1: all of this.
9:29
Speaker 2: I've got to montage for you. Take a listen.
9:31
Speaker 6: I actually have the endorsement of former Vice President Dick Cheney,
9:36
Speaker 6: Dick Cheney and Satan.
9:38
Speaker 5: That's next time the Sith Lord is.
9:40
Speaker 2: Back like a demon, it rises again.
9:42
Speaker 5: Dick Cheney, Darth Vader, Satan. Thank you to.
9:46
Speaker 7: Satan forgive him the inspiration on how to play this role.
9:50
Speaker 5: We don't need Dick Cheney Dick Cheney was Jane dangerous.
9:53
Speaker 5: That only thing, the only thing you got to do
9:55
Speaker 5: is just embtter than Dick Chane. I like to see
9:57
Speaker 5: Dick Cheney do exposed. He's a liar.
10:00
Speaker 6: I actually have the endorsement of former Vice President Dick Cheney.
10:05
Speaker 7: You're part of the Dick Cheney cult that led to
10:08
Speaker 7: hundreds of thousands of innocent Iraqis being killed because the
10:12
Speaker 7: cult you were in.
10:13
Speaker 8: Chaney dishonestly made up the idea that had nuclear weapon.
10:16
Speaker 5: Just lied. Why do they want these wars?
10:18
Speaker 8: What is it that they don't like somebody because they
10:20
Speaker 8: don't like.
10:21
Speaker 5: The look of their face?
10:21
Speaker 1: Relevant national embarrassments Dick Cheney and Liz Cheney.
10:26
Speaker 4: I'm not remember Dick Cheney driving over to the CIA
10:29
Speaker 4: to look over their shoulders to make sure they gave
10:32
Speaker 4: him the intel that he wanted so as to justify
10:35
Speaker 4: the Iraq war.
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Speaker 6: I actually have the endorsement of former Vice President Dick Cheney.
10:40
Speaker 3: No apologies, no regrets from former Vice President Dick Cheney
10:44
Speaker 3: for the harsh CIA interrogation techniques.
10:47
Speaker 5: Under Dick Cheney's tutelage. We got the photographs at albil Gray, the.
10:51
Speaker 9: Former vice president at one point signing a waterboard.
10:55
Speaker 5: Kit Cheney, of course unrepentant. You know what to go to,
10:59
Speaker 5: go to hell.
10:59
Speaker 1: I want to talk about a man rotten to his
11:01
Speaker 1: very core, which is in itself a tiny black hole
11:03
Speaker 1: from which no joy or like can escape. The ancient
11:06
Speaker 1: Coptics knew this man, ash.
11:09
Speaker 4: Deck, the dark one, the jagged tooth, foris demon who
11:12
Speaker 4: steals our children.
11:13
Speaker 2: We know him as former Vice President Dicklara.
11:16
Speaker 6: I actually have the endorsement of former Vice President Dick Cheney.
11:21
Speaker 9: What do you think of Dick Cheney, and people would say, well,
11:23
Speaker 9: I hate everything he stands for. I am someone fundamentally
11:26
Speaker 9: opposed to the politics of Liz Cheney and her father,
11:29
Speaker 9: Dick Cheney.
11:30
Speaker 5: I literally started.
11:31
Speaker 9: Writing books in the first place more than a decade ago,
11:34
Speaker 9: because I had so much to get off my chest
11:37
Speaker 9: about what I thought was wrong with the Cheney family
11:40
Speaker 9: approach to Warren foreign policy. That first book I ever
11:43
Speaker 9: wrote is literally dedicated to him.
11:45
Speaker 5: Dick Cheney. Profoundly dangerous. Cheney, I think was arrested twice.
11:49
Speaker 5: An master manipulator like Dick Cheney. You're willing to say anything.
11:54
Speaker 10: And now is the cascade of misery and death and chaos.
11:56
Speaker 10: He did so much to unleash rages anew Mister Cheney,
12:00
Speaker 10: he has the unadulterated gall to come before the country
12:03
Speaker 10: and tell us that it's all someone else's fault. You
12:06
Speaker 10: said there was no doubt Saddam Hussein had weapons of
12:09
Speaker 10: mass destruction. You said we would be greeted as liberators.
12:12
Speaker 10: You said the Iraq insurgency was in the last throws
12:15
Speaker 10: back in two thousand and five. And you said that
12:17
Speaker 10: after our intervention, extremists would have to quote rethink their
12:20
Speaker 10: strategy of jihad. Now, with almost a trillion dollars spent there,
12:24
Speaker 10: with forty five hundred American lives lost there, what do
12:28
Speaker 10: you say to those who say you were so wrong
12:32
Speaker 10: about so much at the expense of so many.
12:36
Speaker 5: No, I just fundamentally disagree with Reagan Megan.
12:39
Speaker 6: I actually have the endorsement of former Vice President Dick Cheney.
12:43
Speaker 3: Jany's the guy who told those guys the line in
12:45
Speaker 3: the first place.
12:46
Speaker 5: You're more Honessidor.
12:47
Speaker 11: Wilson wrote an op ed titled What I Didn't Find
12:51
Speaker 11: in Africa that exposed VI President Cheney's use a false
12:55
Speaker 11: information to sell us a war in Iraq. A week
12:58
Speaker 11: after Wilson's op ed was published, his wife, Valerie Plain
13:01
Speaker 11: was outed as a covert CIA agent.
13:04
Speaker 2: All we did was.
13:05
Speaker 7: Out a ciaaed the criminal proclivity, power grab mentality of
13:10
Speaker 7: Dick Cheney.
13:11
Speaker 5: And they twisted that intelligence.
13:13
Speaker 2: I did not.
13:13
Speaker 5: Believe what Dick Cheney have to say. I thought that
13:15
Speaker 5: they were lying.
13:16
Speaker 4: Vice President Dick Cheney accidentally.
13:19
Speaker 5: Shot a man.
13:20
Speaker 3: Vice President Cheney's been the most dangerous vice president we've had,
13:23
Speaker 3: probably in American history.
13:24
Speaker 6: I actually have the endorsement of former Vice President Dick Cheney.
13:30
Speaker 1: It's just so much fun to go back and remind
13:33
Speaker 1: people of these scumbags. Now they love Dick Cheney because
13:37
Speaker 1: Dick Cheney is angry about his daughter getting run out
13:40
Speaker 1: of Congress and he's like, I'm voting for Kama Harris,
13:42
Speaker 1: screw Donald Trump and Maga who got rid of her.
13:45
Speaker 1: And now they're like, yeah, I got Dick Cheney's endorsement. Wait,
13:48
Speaker 1: I thought you guys hated Dick Cheney. What happened last
13:53
Speaker 1: Sun checked? You hated Dick Cheney. I mean hated Dick
13:58
Speaker 1: Cheney on a whole nother He was Satan And people
14:03
Speaker 1: wonder why I don't trust Democrats because as soon as
14:07
Speaker 1: you're useful again, after they call you Satan darth Vader,
14:10
Speaker 1: the list goes.
14:11
Speaker 2: On and on.
14:12
Speaker 1: They're all back in. They're like, all right, we're good. Now,
14:14
Speaker 1: let's do it again. Like I like, forget all that,
14:16
Speaker 1: let's go. We're good, We're ready. Come on five three
14:20
Speaker 1: five nine seven three two five three five nine seven
14:24
Speaker 1: three two eight hundred number one, eight hundred four seven
14:28
Speaker 1: four nine seven three two one eight hundred four seven
14:32
Speaker 1: four nine seven three two. Ben Ferguson show, We're gonna
14:35
Speaker 1: get some of your phone calls in here. Your reaction
14:37
Speaker 1: to that, it is, I mean, if you care about
14:41
Speaker 1: like just integrity at all, like a little bit, like
14:43
Speaker 1: not a lot, just a little bit, if you don't,
14:46
Speaker 1: if that doesn't bother you listening to that, that this
14:50
Speaker 1: is like just how how willing and ready they are
14:53
Speaker 1: just to throw all of their values out the window.
14:57
Speaker 1: Like this guy's Satan. We've been telling you for twenty years.
14:59
Speaker 1: Oh wait, he likes us. Now, Oh let's endorse that guy.
15:03
Speaker 1: Let's go. Oh I didn't, I mean, well this could
15:06
Speaker 1: help us? Oh well then I this hurts Republicans. Let's
15:09
Speaker 1: take his endorsement. If you guys, if you think a
15:12
Speaker 1: guy is is Satan and Satan wants to.
15:16
Speaker 2: Endorse you, I don't want the endorsement.
15:18
Speaker 1: But come here. He's like, no, no, this is good. Democrats
15:22
Speaker 1: are like, no, no, this is this is good. Let's
15:25
Speaker 1: do this. Let's let's have this moment. Let's knock this
15:30
Speaker 1: one out of the park.
15:31
Speaker 2: Baby.
15:32
Speaker 1: I actually have the endorsement of Dick Cheney. I know
15:35
Speaker 1: I told you was Satan. I know, I know I
15:38
Speaker 1: said he was Satan, but he's really not Satan. We
15:41
Speaker 1: were just playing that up when he was on the
15:43
Speaker 1: other side, But now that he's endorsing me, he's not Satan.
15:46
Speaker 1: Like like, let's just let's just delete all of that.
15:50
Speaker 1: It never really happened.
15:51
Speaker 2: We're good.
15:52
Speaker 1: Jd Vance this morning going on CNBC and he had
15:56
Speaker 1: a lot to say on CNBC. Here's part one of
15:59
Speaker 1: what he said moments ago joining us.
16:01
Speaker 8: Now Ohio, great state of Ohio, Senator jd Vance, We
16:06
Speaker 8: grew up well long before you grew up. I grew
16:10
Speaker 8: up in a part of Sance. Now you're from Middletown
16:13
Speaker 8: and you've been on the show before.
16:14
Speaker 5: Senator's been with Steve Case.
16:16
Speaker 8: It's when you involved with that, and I think for
16:19
Speaker 8: Hillbilly elogy, I don't know if it was.
16:21
Speaker 5: A book to or what.
16:22
Speaker 8: But so we've met before, great to have you on.
16:25
Speaker 5: I want to struggling how to start.
16:27
Speaker 8: We could do a post mortem on the debate, but
16:30
Speaker 8: because we're so interested in trying to get into your
16:35
Speaker 8: economic beliefs, given that, as we now know, people's economic
16:39
Speaker 8: beliefs can evolve, as we've seen maybe from you know,
16:43
Speaker 8: for a President Trump's opponent. But I'm wondering whether yours
16:47
Speaker 8: have evolved, because then we'll get into some of the
16:49
Speaker 8: things you said in the past. And is there how
16:51
Speaker 8: much daylight right now? Is there between what you believe
16:55
Speaker 8: as what I call you an economic populace? Is there
16:58
Speaker 8: daylight between you and President right now?
17:01
Speaker 5: No? I don't think so.
17:01
Speaker 7: I mean, look, obviously he selected me as his running mate,
17:04
Speaker 7: and I'm trying to run to implement and win on
17:06
Speaker 7: the Trump agenda. But I think that President Trump's economic
17:09
Speaker 7: views are actually pretty straightforward American conservatism, which is, we
17:13
Speaker 7: need to manufacture things in this country. We need common
17:16
Speaker 7: sense energy and regulatory policies to be able to make things,
17:19
Speaker 7: and the best way to lift up workers is to
17:21
Speaker 7: promote good jobs and good wages, not to just throw
17:23
Speaker 7: everybody on welfare, which I think is in some ways
17:26
Speaker 7: the main thrust of the Kamahayer's economic policy. So there's
17:29
Speaker 7: definitely some element of populism to it, because look, I
17:31
Speaker 7: do think.
17:32
Speaker 5: That for thirty years in this country, we.
17:34
Speaker 7: Shift a lot of good manufacturing jobs to places like
17:36
Speaker 7: East Asia. Now China makes some of the critical things
17:39
Speaker 7: that we need, antibiotics, prescription drugs, even god forbid, the
17:43
Speaker 7: weapons that our troops would need if we went to war.
17:45
Speaker 5: Against a nation like China.
17:47
Speaker 7: So we have to be a little bit smarter about
17:49
Speaker 7: our own self reliance as a nation. That is one
17:51
Speaker 7: departure I think between President Trump's vision and frankly thirty
17:54
Speaker 7: forty years of failed leadership in this country.
17:58
Speaker 1: Great opening for him, by the way, talking about this,
18:02
Speaker 1: he then moved on to talk about trade.
18:05
Speaker 8: A lot of what I think of a populism, though
18:08
Speaker 8: it seems like it's almost diametrically opposed to certain aspects
18:11
Speaker 8: of capitalism.
18:13
Speaker 5: And there are certain groups and I.
18:14
Speaker 8: Don't even want to mention the name of it, but
18:16
Speaker 8: they claim you as a strict adherent to populism.
18:21
Speaker 5: I don't know if you know the group I'm talking about.
18:23
Speaker 8: You have said we should raise corporate taxes in the past.
18:26
Speaker 8: If the president the former president wants to cut the
18:29
Speaker 8: twenty one percent right down of fifteen, I think you
18:31
Speaker 8: said twenty eight or even higher, that these big corporations
18:35
Speaker 8: deserve that.
18:36
Speaker 7: Well, what I said is that we need to lower
18:39
Speaker 7: taxes on corporations that are creating jobs in this country
18:43
Speaker 7: and raise tariffs on corporations that are shipping jobs overseas
18:47
Speaker 7: and manufacturing overseas. Look, if you're trying to take advantage
18:50
Speaker 7: of Chinese slave labor and then use American markets to
18:53
Speaker 7: make a profit on your product, I do think and
18:55
Speaker 7: I know Donald Trump thinks that we should try to
18:56
Speaker 7: penalize these companies. But we want companies that are investing
18:59
Speaker 7: in America, hiring America, and creating good American jobs to thrive.
19:03
Speaker 7: But we have to recognize there is a fundamental difference
19:05
Speaker 7: between a national corporation that's creating good jobs in this
19:08
Speaker 7: country and a foreign corporation that's benefiting from Chinese.
19:12
Speaker 8: Second Industrial policy that the Democrats get criticized fule, Oh no.
19:16
Speaker 5: It's not.
19:16
Speaker 7: Look whatever you want to call it, man, The problem
19:19
Speaker 7: is Look, Chinese slaves making two dollars a day, if
19:22
Speaker 7: you know, and they get caned working seventy two hours
19:25
Speaker 7: a week, if they want to work seventy hours a
19:27
Speaker 7: week instead, you want to allow American manufacturers to benefit
19:31
Speaker 7: from that cheap labor.
19:33
Speaker 5: Not only is it going to destroy.
19:34
Speaker 7: Good American jobs and wages, it's going to decimate our
19:37
Speaker 7: core manufacturing industry, which I think makes us less productive
19:40
Speaker 7: over time. The final and most important point is it
19:42
Speaker 7: makes us reliant on foreign nations to make.
19:45
Speaker 5: Some of our critical stuff.
19:46
Speaker 7: Now, Donald Trump does believe in trade, and I believe
19:49
Speaker 7: in trade, but we believe in trade that's actually going
19:51
Speaker 7: to benefit American workers, not destroy American jobs. So the
19:54
Speaker 7: final point is, look, as you've seen on this campaign,
19:56
Speaker 7: there have been a lot of outside groups who try
19:58
Speaker 7: to claim that President Trump or I agree with every single.
20:00
Speaker 5: Thing that they say.
20:01
Speaker 7: President Trump speaks for himself and I speak for myself.
20:04
Speaker 7: So don't necessarily assume that everything you're here written about
20:08
Speaker 7: him or me is true. Obviously they lie about him
20:10
Speaker 7: quite a bit, but he really does believe and frankly,
20:13
Speaker 7: he's been right about this for forty years.
20:15
Speaker 5: We have to make more of our own stuff. We
20:17
Speaker 5: have to build more.
20:17
Speaker 7: In America, and we need a corporate tax policy that
20:20
Speaker 7: promotes that. And yeah, sometimes that does mean if you're
20:23
Speaker 7: shipping jobs overseas, you're going to be penalized.
20:25
Speaker 1: What are the if you're shipping jobs overseas, you're going
20:29
Speaker 1: to be penalized?
20:30
Speaker 2: Did you notice that? Now?
20:32
Speaker 1: Jd Vance has also asked about tariffs and inflation.
20:38
Speaker 3: Listen lies that they're telling about you that you don't
20:40
Speaker 3: agree with.
20:41
Speaker 7: Well, I think one of the things that says, for example,
20:43
Speaker 7: about Donald Trump's economic policies is that somehow they're going
20:46
Speaker 7: to jack up inflation, which is rich coming from Kamala Harris,
20:49
Speaker 7: whose economic.
20:50
Speaker 5: Policies have directly well not always right.
20:54
Speaker 3: Let's just take theretionary or people aren't buying the products anymore.
20:57
Speaker 5: Well, let's just take one example. So one of the class.
21:00
Speaker 7: Examples that economists used to attack, or some economists should say,
21:03
Speaker 7: used to attack Donald Trump's economic policies is the terriffs
21:06
Speaker 7: that he imposed on washing machines and other dish dishwashers, sorry,
21:10
Speaker 7: on dishwashers.
21:11
Speaker 5: So they show.
21:12
Speaker 7: A chart that says, well, look, a few months after
21:15
Speaker 7: this tariff, the price of dishwashers went up a little bit,
21:17
Speaker 7: but if you look over two years, actually the price
21:20
Speaker 7: of dishwashers went down. You induced a lot of American
21:23
Speaker 7: factories to invest in American workers in American made products,
21:26
Speaker 7: and the price of dishwashers is actually lagged behind the
21:29
Speaker 7: price of a lot of other home appliances. So sometimes
21:32
Speaker 7: when you induce investment in capital formation in the United
21:35
Speaker 7: States of America, it does lower prices on American workers.
21:38
Speaker 7: And again the experience of Donald Trump's presidency, he was
21:41
Speaker 7: president for four years, he did impose tariff sometimes to
21:46
Speaker 7: induce more investment in American workers.
21:48
Speaker 5: And what happened. We had one point five.
21:50
Speaker 7: Percent inflation, rising take home pay, and the best economy
21:53
Speaker 7: for workers.
21:54
Speaker 5: In forty years then across the PLT cetera.
21:56
Speaker 7: But when people say that Donald Trump is going to
21:59
Speaker 7: destroy the economy, he was already the leader of the
22:02
Speaker 7: American economy for four years. We had rising prosperity, broad
22:05
Speaker 7: based middle class.
22:06
Speaker 5: Wage growth centator. That is a record I'd like to
22:08
Speaker 5: get back to.
22:10
Speaker 2: It's a record I like to get back to. JD.
22:13
Speaker 1: Vans finally saying this, if you want access to American markets,
22:18
Speaker 1: you can't use Chinese slave labor to produce your products.
22:21
Speaker 3: Listen, Senator, I think the question though on the tariffs,
22:25
Speaker 3: and it's where Joe is going. Because they're across the
22:28
Speaker 3: board and they're not as targeted.
22:30
Speaker 5: It's unclear.
22:31
Speaker 3: There are certain industries that unfortunately we don't have now.
22:33
Speaker 3: Wouldn't be great if our country were to invest in
22:36
Speaker 3: some of these industries that we're not that we're missing
22:38
Speaker 3: on the manufacturer side, But the amount of time may
22:41
Speaker 3: very well take to quote unquote induce every every industry
22:45
Speaker 3: to invest here to manufacture. That's the complication with the plan.
22:48
Speaker 3: So when you see, for example, like a Goldman Sachs
22:51
Speaker 3: report come out suggesting that this actually becomes it not
22:54
Speaker 3: just a massive tax, but a massive drain on the economy,
22:57
Speaker 3: what do you think?
22:58
Speaker 5: And then just a.
22:58
Speaker 3: Related question, because a lot of people have said this,
23:01
Speaker 3: do you believe that the entire across the board tariff
23:05
Speaker 3: would go into effect or is it a should we
23:08
Speaker 3: think of it as some kind of negotiating cudgel if
23:11
Speaker 3: you will with China for other things?
23:13
Speaker 7: Well, first of all, I do think that it's negotiation.
23:15
Speaker 7: Donald Trump is a negotiator. He believes in using tariffs
23:18
Speaker 7: for negotiation, but he also does believe in using tariffs
23:21
Speaker 7: to induce more manufacturing, more capital formation in our country.
23:24
Speaker 7: But Aaron, the problem with the argument here is when
23:28
Speaker 7: people say these tariffs are going to have an effect.
23:31
Speaker 7: Donald Trump already imposed specific tariffs on specific industries. You
23:35
Speaker 7: didn't see the negative consequences come to light. In fact,
23:38
Speaker 7: what you saw was rising wages and rising.
23:40
Speaker 5: Take home pay.
23:41
Speaker 7: So when people say you can't do this in a
23:43
Speaker 7: narrow way, you can't do it in a broad base way,
23:45
Speaker 7: I just think that doesn't actually fit with reality. And
23:49
Speaker 7: there's actually a deeper argument here that I think Donald
23:51
Speaker 7: Trump really again understands and understood better than a lot
23:54
Speaker 7: of people who said that somehow American prosperity was going
23:58
Speaker 7: to come by shipping our steel into and our pharmaceutical
24:01
Speaker 7: industry overseas.
24:02
Speaker 5: They were wrong and he was right.
24:03
Speaker 7: So maybe he's right about his policies and the effect
24:06
Speaker 7: they're going to have on the future too. But one
24:08
Speaker 7: of the critical conceits that our bipartisan consensus made over
24:12
Speaker 7: the last forty years is that you could separate the
24:14
Speaker 7: manufacture of things from the design of things. You open
24:17
Speaker 7: up an iPhone and it says you know, I think
24:20
Speaker 7: it says designed in Coupertino, California. The implication, of course
24:23
Speaker 7: is that it's manufactured in Shinjin, China. But what we're
24:26
Speaker 7: finding out is that the people who are manufacturing things,
24:29
Speaker 7: they innovate, they become.
24:30
Speaker 5: More productive, they develop the critical.
24:33
Speaker 7: Skills necessary to get better at manufacturing, and then they
24:35
Speaker 7: start designing the things too. If we're not doing enough
24:38
Speaker 7: manufacturing our own country, we're going to lose our tech
24:41
Speaker 7: edge and then we're going to be in a world
24:42
Speaker 7: of hurts. So there's no critical difference good.
24:46
Speaker 3: The flip side is it creates an export problem because
24:48
Speaker 3: there will be retribution. I've got an emails even in
24:50
Speaker 3: the past week from viewers of Squad who are farmers
24:53
Speaker 3: in the Midwest who are worried, deeply worried that depending
24:57
Speaker 3: on how these tariffs play out, that going to affect
25:00
Speaker 3: them on the opposite end.
25:03
Speaker 7: Well, Andrew, this actually highlights again we have to look
25:06
Speaker 7: at experience versus some of these ridiculous predictions from people
25:09
Speaker 7: who have an ax to grind against Donald Trump. I'm
25:11
Speaker 7: of course not saying the farmers fall into that category,
25:13
Speaker 7: but when did America for the first time, maybe in
25:16
Speaker 7: our history become a net food importer, meaning we need
25:19
Speaker 7: to take in more food than we produce ourselves twenty
25:22
Speaker 7: twenty three, under the policies of Kamala Harris, when Donald
25:25
Speaker 7: Trump was president and doing all these things that certain
25:28
Speaker 7: pundits as say are going to lead to terrible outcomes,
25:30
Speaker 7: what actually happened. America was a net food exporter. We
25:34
Speaker 7: grew more of our food than we needed. That is
25:37
Speaker 7: an important thing that we're One of the critical mistakes
25:39
Speaker 7: that we made again is that we became dependent on
25:42
Speaker 7: foreign nations for the goods that we need. Now we're
25:44
Speaker 7: becoming dependent on foreign nations for the food that our
25:47
Speaker 7: children need to eat.
25:48
Speaker 5: This is insanity. We have to be self reliant.
25:51
Speaker 7: We have the biggest economy in the world. Every business,
25:55
Speaker 7: every foreign country, every competitor wants access to American markets.
25:59
Speaker 7: If you want access to American markets, you can't use
26:02
Speaker 7: Chinese slave labor to.
26:03
Speaker 5: Produce your products.
26:04
Speaker 7: You've got to be able to use American workers. And
26:07
Speaker 7: that's the whole thrust of Donalds.
26:11
Speaker 2: I think it's very interesting that.
26:15
Speaker 1: This is how hard CNBC was on the policies of
26:18
Speaker 1: Trump and vance he was able to defend them explain
26:22
Speaker 1: them talk about them. When was the last time you
26:25
Speaker 1: heard that type of conversation at that level with anything
26:30
Speaker 1: with Kamala Harris or Walt's campaign, ever, it doesn't exist.
26:36
Speaker 1: Like I'm glad they're challenging him. People have real questions
26:39
Speaker 1: about tariffs and about the price of goods and the
26:42
Speaker 1: price of rising goods. Like I mean it when I
26:46
Speaker 1: say I'm glad that there's this level of debate.
26:52
Speaker 2: This is an important.
26:54
Speaker 1: Level of debate. It's a type of debate we should
26:56
Speaker 1: have often. I'm glad that it was that law and
27:01
Speaker 1: that thought out and that you know, it had to
27:04
Speaker 1: be communicated in this way and debated.
27:08
Speaker 2: We need more of this.
27:09
Speaker 1: But where is this on the other side with Kamala
27:12
Speaker 1: Harris's campaign. I would love to play you a tape
27:17
Speaker 1: of this type of conversation. It doesn't exist, and that
27:20
Speaker 1: may be the biggest problem of all. White House on
27:25
Speaker 1: Defense this morning is John Kirby Trash's friends on nine
27:31
Speaker 1: to eleven in an email he accidentally sent to Fox
27:36
Speaker 1: News Channel This coming from the White House National Security spokesman.
27:42
Speaker 1: He was former Department of Defense spokemssman John Kirby trashing
27:47
Speaker 1: a group of veterans in an email send an air
27:50
Speaker 1: to Fox News on the anniversary of nine to eleven
27:53
Speaker 1: terror attacks. As Fox News is reported, Kirby responded to
27:57
Speaker 1: an email inquiry Fox about criticism criticisms by a veterans
28:04
Speaker 1: group about the Biden administration's disastrous twenty twenty one withdrawal
28:08
Speaker 1: from Afghanistan by accidentally hitting reply all before disparaging the
28:13
Speaker 1: veterans quote. Obviously no use in responding a handful of vets,
28:21
Speaker 1: indeed in all of one stripe, Kirby said in a
28:26
Speaker 1: reply all email chained Wednesday afternoon that appeared to be
28:30
Speaker 1: intended for White House staffers but also included Fox News Digital.
28:36
Speaker 1: Fox News Digital had reached out to the White House
28:38
Speaker 1: earlier Wednesday afternoon regarding criticism and critical comments from four veterans,
28:44
Speaker 1: including Representative Corey Mills, Republican from Florida, who blasted Kirby
28:50
Speaker 1: for his Monday press conference that they said provided cover
28:54
Speaker 1: for the Biden administration's twenty twenty one withdrawal. Kirby's message
28:59
Speaker 1: was sent an air, with him following up with a
29:02
Speaker 1: Fox News Digital reporter saying this clearly, I didn't realize
29:06
Speaker 1: you were on the chain. Kirby sent the email while
29:09
Speaker 1: traveling with President Biden on the anniversary of nine to eleven.
29:13
Speaker 1: On Monday, Kirby pushed back against the House Republican report
29:17
Speaker 1: on the Afghanistan withdrawal by blaming former President Donald Trump for,
29:22
Speaker 1: among other things, negotiating with the Taliban, ignoring the fact
29:26
Speaker 1: that the talks of the Taliban actually began under the
29:28
Speaker 1: Obama administration in Katar in twenty thirteen and Obama's second
29:33
Speaker 1: term in office. Kirby retired by the way from the
29:36
Speaker 1: US Navy as a rear admiral. He served as Pentagon
29:40
Speaker 1: spokesman during the Afghan pullout, including the murder of the
29:44
Speaker 1: thirteen US service members in the ISIS k tarr attack
29:47
Speaker 1: on Abby Gate in August of twenty twenty one. So
29:51
Speaker 1: if you want to know what these guys think about
29:54
Speaker 1: people that disagree with him, even those that serve like
29:56
Speaker 1: those in the military, now you know, because it was
30:00
Speaker 1: an accidental reply all and Fox News was on the
30:05
Speaker 1: reply all.
30:06
Speaker 2: They basically say, screw.
30:08
Speaker 1: You, like we don't respond to you, we don't care
30:12
Speaker 1: the hell with you, like we're done with Like we're
30:15
Speaker 1: done with you. That's how they look at veterans that
30:17
Speaker 1: disagree with them. Now, if that's how they talk about
30:21
Speaker 1: veterans that disagree with them on the anniversary of nine
30:24
Speaker 1: to eleven, Okay, Like, if that's how they did it
30:29
Speaker 1: on the anniversary of nine to eleven, Think what they
30:32
Speaker 1: think about average Americans when you have problems or issues.
30:37
Speaker 2: I think it's pretty fair to to say.
30:40
Speaker 1: Really, think about what it would look like if you
30:45
Speaker 1: sent an email and was criticizing them, What they would
30:49
Speaker 1: say about you, Because this is what they say about veterans,
30:52
Speaker 1: This is what they say about people that fight, defend
30:54
Speaker 1: and protect this country when they disagree with the Democratic Party.
31:00
Speaker 1: Make sure you share this podcast please with your family
31:03
Speaker 1: and your friends, especially the story of Jocelyn. It is
31:07
Speaker 1: important that we share this story now more than ever before.
31:11
Speaker 2: Share it