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<v Speaker 1>Oh lad with.

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<v Speaker 2>From my final thought tonight, I really was unsure what

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<v Speaker 2>I wanted to talk about.

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<v Speaker 3>I really really was unsure.

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<v Speaker 2>Sometimes I want to talk about politics, some things, I

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<v Speaker 2>want to talk about cultural, social issues, whatever happens to

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<v Speaker 2>be on my mind, and I try not to talk

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<v Speaker 2>about the thing that everyone else is talking about unless

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<v Speaker 2>I feel I can give you something that nobody else can,

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<v Speaker 2>will offer you something that you've not heard elsewhere, And

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<v Speaker 2>tonight I believe it's one of those nights. I'm actually

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<v Speaker 2>going to make a bet with you that what I'm

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<v Speaker 2>about to tell you tonight you haven't heard elsewhere, and

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<v Speaker 2>if you have, I'll just deny that you actually heard

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<v Speaker 2>it elsewhere. But I've heard it, You've heard it, We've

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<v Speaker 2>all heard it. President Trump fancies a third term and

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<v Speaker 2>he says he's not joking about pursuing it, and I

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<v Speaker 2>believe him. I absolutely believe him, and you should too.

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<v Speaker 2>Number One, Donald Trump doesn't have a sense of humor.

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<v Speaker 2>So when he says he's not joking, that's like Tuesday.

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<v Speaker 2>Everything he says is not a joke. And let me

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<v Speaker 2>be clear, he doesn't have a sense of humor because

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<v Speaker 2>he doesn't know what humor is he loves to insult people,

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<v Speaker 2>and you should not confuse insulting people all the time,

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<v Speaker 2>and you finding the insults funny as having a sense

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<v Speaker 2>of humor. He doesn't joke. He doesn't know what self

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<v Speaker 2>deprecation is. So when he says that he's going to

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<v Speaker 2>pursue a third term, regardless of whether he says he's joking,

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<v Speaker 2>regardless of what the Constitution says to the contrary.

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<v Speaker 3>He means it.

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<v Speaker 2>And so when we assess it, when we talk about it,

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<v Speaker 2>we should take him at his word. A number of

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<v Speaker 2>journalists have asked the president directly to him and those

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<v Speaker 2>close to him about exactly how he's planning to go

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<v Speaker 2>about pursuing this third term, to which no specifics are given,

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<v Speaker 2>just vague comments about quote unquote, we're working on it,

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<v Speaker 2>that's all they say. I was listening to Steve Bannon,

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<v Speaker 2>heard some comments from him. We're working on it. Let

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<v Speaker 2>me clear up all the mystery. I'm not a constitutional scholar,

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<v Speaker 2>but I've been really digging into this and talking to

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<v Speaker 2>my constitutional scholar friends about this. So it's based in

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<v Speaker 2>some actual knowledge, and I'm pretty sure I know what

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<v Speaker 2>the Trump team is planning to do at the end

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<v Speaker 2>of this term. So hopefully we'll have this on the podcast.

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<v Speaker 2>Sam will put it in the podcast so we can

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<v Speaker 2>refer back to this, because I'm pretty sure I'm right

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<v Speaker 2>about this, and I'm pretty sure you haven't heard this

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<v Speaker 2>from anyone else, and I'm kind of surprised because there

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<v Speaker 2>are only so many attack points to the Constitution. What

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<v Speaker 2>most people say is you can't become a president for

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<v Speaker 2>the third time, specifically because of the twenty second Amendment.

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<v Speaker 2>In fact, we heard it in the news break. That's

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<v Speaker 2>the audio that you hear it, twenty second Amendment. Here's

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<v Speaker 2>how the twenty second Amendment reads. Quote, no person shall

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<v Speaker 2>be elected to the office of the President more than twice.

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<v Speaker 2>And no person who has held the office of President

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<v Speaker 2>or as acted as president for more than two years

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<v Speaker 2>of a term to which some other person was elected

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<v Speaker 2>president shall be elected to the office of the President

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<v Speaker 2>more than once. There are two words, I should say,

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<v Speaker 2>one word which is repeated. That's the key to this.

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<v Speaker 2>The keyword in that passage is elected. No person shall

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<v Speaker 2>be elected to the office of the president more than twice.

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<v Speaker 2>I would bet dollars to donuts that the line of

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<v Speaker 2>constitutional attack will make the distinction between election and ascendants

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<v Speaker 2>to the presidency.

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<v Speaker 3>Here's what I mean. For example, let's say Vice President JD.

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<v Speaker 2>Vance and Ron DeSantis hypothetically are the ticket in twenty

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<v Speaker 2>twenty eight and they win.

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<v Speaker 3>JD Vance becomes president.

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<v Speaker 2>Conceivably the Santus as vice president could resign for some

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<v Speaker 2>undisclosed reason. Could be illness, could be needs to spend

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<v Speaker 2>more time with the family, could be he needs more

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<v Speaker 2>time to buy shoe lifts. I don't know, but he

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<v Speaker 2>decides to resign and get this. Per the twenty fifth Amendment, quote,

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<v Speaker 2>whenever there is a vacancy and the office of the

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<v Speaker 2>Vice President, the President shall nominate a vice president who

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<v Speaker 2>shall take office upon confirmation by a majority vote of

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<v Speaker 2>both Houses of Congress. And as of this moment, the

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<v Speaker 2>Republicans control both the House and Senate. We don't know

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<v Speaker 2>what's going to happen in twenty twenty six, but hopefully

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<v Speaker 2>you could see where I'm going with this. The president,

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<v Speaker 2>then JD. Vance could conceivably choose Trump as his next VP.

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<v Speaker 2>There's nothing explicitly preventing that. Then Vance could either be

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<v Speaker 2>a figurehead president or could even resign himself, which would

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<v Speaker 2>then mean dunk da da duh, Trump is your next president,

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<v Speaker 2>not elected but has ascended.

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<v Speaker 3>Is it constitutionally sound? Maybe?

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<v Speaker 2>Maybe not. That's what the Supreme Court is for. Oh,

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<v Speaker 2>that's right. A six to three majority. Do you actually

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<v Speaker 2>think you wouldn't get five votes? It clearly violates the

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<v Speaker 2>spirit of the twenty second and twenty fifth amendments. It's

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<v Speaker 2>a workaround schame some shit, but not the letter of

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<v Speaker 2>those amendments.

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<v Speaker 3>So that's it.

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<v Speaker 2>That's the strategy. Well, one of the strategies being considered.

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<v Speaker 2>Dollars sodonuts. I know I'm right about this. They're going

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<v Speaker 2>to challenge the word elected and not have him elected

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<v Speaker 2>because there's no way that an amendment could be passed

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<v Speaker 2>to circumnavigate this. Just in case you didn't know, a

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<v Speaker 2>proposed amendment must be passed by a two thirds vote

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<v Speaker 2>in both the House and the Senate, then ratified by

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<v Speaker 2>three fourths of the state legislatures or state convention. Not

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<v Speaker 2>happy now or ever in a world of such partisanship,

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<v Speaker 2>No way in hell.

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<v Speaker 3>This is the only way in. There's your roadmap.

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<v Speaker 2>He wouldn't be allowed on ballots otherwise, so it's not

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<v Speaker 2>about electing him.

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<v Speaker 3>He wouldn't be.

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<v Speaker 2>Able to get on enough ballots on different states to

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<v Speaker 2>get enough Electoral College votes, he'll be easily disqualified. In

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<v Speaker 2>any election attempt, it would never get to the ballot.

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<v Speaker 2>So this is not about being elected. This is about

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<v Speaker 2>ascendency to the presidency. There is an open question as

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<v Speaker 2>to whether the word election also includes ascension. But either way,

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<v Speaker 2>Donald Trump is serious about a third term. Why because

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<v Speaker 2>he never jokes about anything. There's not a funny bone

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<v Speaker 2>in his body. He insults, but never jokes. This should

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<v Speaker 2>be taken seriously in every way. For k if I

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<v Speaker 2>am six forty, I'm mo Kelly. And here's my final thought.

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<v Speaker 2>Let's talk about the Constitution. The Constitution applies to everyone,

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<v Speaker 2>or it applies to no one. There's no in between,

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<v Speaker 2>there's no shades of gray. Let's get the easy ones, right.

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<v Speaker 2>I say it all the time. This is one of

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<v Speaker 2>the easy ones. The Constitution, meaning all of its amendments

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<v Speaker 2>apply to everyone, including Mark Stefan and even Nick me

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<v Speaker 2>or it applies to no one from the first Amendment

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<v Speaker 2>on down. Not just the amendments you like, not just

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<v Speaker 2>the second Amendment because you really love that one, Not

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<v Speaker 2>just the tenth Amendment because that's what you heard somewhere,

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<v Speaker 2>because those are the only two amendments you know without googling.

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<v Speaker 2>I'm talking about all of them, and I seriously doubt

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<v Speaker 2>most people even know the total number of amendments presently

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<v Speaker 2>that are in the Constitution, or what it takes to

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<v Speaker 2>ratify a new one. But that's just my personal pet

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<v Speaker 2>peeve because I'm real big on civics. But I also

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<v Speaker 2>find it odd when someone says they love the Constitution

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<v Speaker 2>yet can't tell me much about it, not in totality.

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<v Speaker 2>It's strange, I tell you. But I want to be

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<v Speaker 2>clear on this. The Constitution applies to everyone, or it

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<v Speaker 2>applies to no one, all amendments, all protections, or it

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<v Speaker 2>is meaningless. And yes, I'm about to talk about the

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<v Speaker 2>Maryland man with protected legal status who was sent to

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<v Speaker 2>that horrible prison in El Salvador following a quote unquote

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<v Speaker 2>administrative error, not to port it to the country in general,

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<v Speaker 2>but to port it to a prison having not committed

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<v Speaker 2>any crime while also being of legal status. His name

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<v Speaker 2>is Kilmer Abrego Garcia. And also according to our government,

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<v Speaker 2>this is what our government said. They said that they

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<v Speaker 2>don't think they have any way to get him back.

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<v Speaker 2>Whether that's true, or not. I don't know, but I

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<v Speaker 2>do know that Kilmore is just stuck in a prison

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<v Speaker 2>for no good reason, no crime, no due process, no

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<v Speaker 2>path back. The Constitution applies to everyone, or it applies

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<v Speaker 2>to no one. And I know what you're thinking. I

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<v Speaker 2>know what you're thinking. You're probably thinking, uh mo, the

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<v Speaker 2>Constitution only applies to American citizens.

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<v Speaker 3>No, that's not true.

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<v Speaker 2>Part of loving the Constitution is actually knowing the constitution

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<v Speaker 2>Constitutional protections extend to all persons persons. It protects everyone,

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<v Speaker 2>not just citizens, and those protections extend to non citizens

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<v Speaker 2>who are within the United States. Those protections include due process,

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<v Speaker 2>I'll come back to that, protection from unreasonable searches and seizures,

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<v Speaker 2>the right to a fair trial, and the right to

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<v Speaker 2>counsel in criminal proceedings. If you think some of that

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<v Speaker 2>might apply to this, you'd be right. A person's immigration

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<v Speaker 2>status does not diminish their constitutional rights, and the Supreme

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<v Speaker 2>Court has consistently upheld that constitutional rights extend to everyone

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<v Speaker 2>living in the US, not just natural born citizens or

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<v Speaker 2>legal immigrants. I hope you heard that either the Constitution

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<v Speaker 2>applies to everyone or applies to no one. And according

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<v Speaker 2>to the actual Constitution and Supreme Court.

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<v Speaker 3>It applies to everyone.

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<v Speaker 2>Some other arguments I heard were, well, what if that

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<v Speaker 2>person entered the country illegally, or how do we know

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<v Speaker 2>that this guy wasn't a violent gangbanger. Hello, that's what

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<v Speaker 2>due process is for. That's the whole fricking point. Is

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<v Speaker 2>the process which determines whether someone has broken a law,

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<v Speaker 2>entered the country illegally, or is subject to be punished. Accordingly,

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<v Speaker 2>you can't deport someone without determining their status. It's not

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<v Speaker 2>done by guessing. It's not just done by I don't know, hypnosis.

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<v Speaker 2>It's a very simple concept. Unless you think the Constitution

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<v Speaker 2>only applies to some people. Oh, look out, now might

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<v Speaker 2>step on some does, which would mean you neither know

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<v Speaker 2>the constitution nor do you love the Constitution all twenty

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<v Speaker 2>seven amendments. There's your answer, he has twenty seven amendments.

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<v Speaker 2>Or maybe you live in a community or represent a

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<v Speaker 2>community which doesn't and has not ever had to worry

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<v Speaker 2>about government agents rolling up on you with mass putting

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<v Speaker 2>you in handcuffs, stuffing you in a van, with no

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<v Speaker 2>due process. Maybe you've never been stopped while walking or

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<v Speaker 2>driving simply because you quote unquote fit the description. Maybe

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<v Speaker 2>you've never been pulled out of your car and put

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<v Speaker 2>on a curb in handcuffs while your car was searched.

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<v Speaker 2>Maybe you've had no experience with that, no reference point.

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<v Speaker 2>Maybe you've never had a gun place to your head

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<v Speaker 2>because someone thought that you had just robbed a bank.

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<v Speaker 3>I have.

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<v Speaker 2>And none of this makes any sense to you. If

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<v Speaker 2>it's all unfamiliar to you, maybe you just don't care.

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<v Speaker 2>I get that, because it's not gonna be you. It's

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<v Speaker 2>not going to be your father, it's not going to

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<v Speaker 2>be your son, So it's not going to be your problem.

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<v Speaker 3>Got it.

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<v Speaker 2>Just stop telling me about the Constitution and how important

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<v Speaker 2>it supposedly is to you, because it's not. You're just

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<v Speaker 2>cause playing patriotism. This shouldn't be political. I mean, it

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<v Speaker 2>shouldn't be. It was then candidate Donald Trump who said,

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<v Speaker 2>we are a country of laws, and without laws, we

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<v Speaker 2>do not have a country. That's a quote he said that,

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<v Speaker 2>And I hope you know every single law, every single one,

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<v Speaker 2>is predicated upon due process, every single law. You can't

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<v Speaker 2>break a law unless you've had due process. Due processes

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<v Speaker 2>one of the main differences, not the only difference, but

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<v Speaker 2>one of the main differences between US and North Korea,

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<v Speaker 2>and US and Russia and US in China, Because moments

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<v Speaker 2>just like these is when you should be saying hashtag

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<v Speaker 2>all lives matter. Right now, this is the time you're

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<v Speaker 2>supposed to say, hashtag all lives matter. Not just the

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<v Speaker 2>lives that you care about, not just the people who

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<v Speaker 2>look like you, not just the people you like, not

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<v Speaker 2>just the people who agree with you, not just the

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<v Speaker 2>people who love like you do, not just the people

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<v Speaker 2>who happen to vote the same way that you do.

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<v Speaker 2>These are the moments you should be saying hashtag all

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<v Speaker 2>lives matter, because when you don't, it sure seems like

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<v Speaker 2>you're admitting that they don't. For KF, I am six forty,

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<v Speaker 2>I'm Moe Kelly. By now you've heard about New Jersey

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<v Speaker 2>Senator Corey Booker standing on the Senate floor for more

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<v Speaker 2>than twenty five hours speaking in critique of President Trump

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<v Speaker 2>and the Trump administration, a new record.

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<v Speaker 3>If you happen to know the history, it meant.

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<v Speaker 2>Different things to different people and different constituencies. If you

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<v Speaker 2>don't know, standing on the Senate floor and talking ad

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<v Speaker 2>infinitum is not new from the late strom Thurman, the

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<v Speaker 2>previous record holder, to more recently Ted Cruz, who tried

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<v Speaker 2>to filibuster in the hopes of defunding Obamacare back in

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<v Speaker 2>twenty thirteen. He stood on the Senate floor for twenty

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<v Speaker 2>one hours. The question that most people have is simple,

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<v Speaker 2>or the assumptions are pretty predictable. What did Corey Booker accomplish?

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<v Speaker 2>If anything on substance, nothing on substance, absolutely nothing. It

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<v Speaker 2>doesn't impact what the Trump administration has done. It doesn't

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<v Speaker 2>likely impact what the Trump administration will do, in the

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<v Speaker 2>way that Senator Strom Thurman's filibuster did nothing to stop

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<v Speaker 2>the Civil Rights Act of nineteen fifty seven, and Senator

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<v Speaker 2>Ted Cruz did nothing to help repeal Obamacare. On substance

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<v Speaker 2>made no impact. But these are times in which symbolism

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<v Speaker 2>can matter, I said, can as impossibly the Democrats have

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<v Speaker 2>been lost in the wilderness my phraseology since November.

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<v Speaker 3>Booker's twenty five hours.

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<v Speaker 2>Can galvanize a party and focus a party, I said,

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<v Speaker 2>can not necessarily will, But symbolism does have its place.

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<v Speaker 2>Some moments can lead to momentum, and momentum can be

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<v Speaker 2>turned into a movement. Elections in a national sense are

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<v Speaker 2>all about momentum. You can go from no momentum to

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<v Speaker 2>some momentum just because of one act. It could be

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<v Speaker 2>a speech, it could be an interview, it could be

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<v Speaker 2>a debate performance, and if you think about it, that

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<v Speaker 2>could go either way positive or negatively. Democrats will tell

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<v Speaker 2>you that the Wisconsin State Supreme Court election win last

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<v Speaker 2>night is a big step in the right momentum direction.

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<v Speaker 2>Maybe maybe not, but it's worth noting that in a

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<v Speaker 2>race that Elon Musk spent some I don't know ninety

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<v Speaker 2>million dollars and gave away million dollar checks to multiple individuals,

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<v Speaker 2>that impact of Elon Musk was negligible or nonexistent in

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<v Speaker 2>terms of swaying that election. So say what you want,

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<v Speaker 2>but that Republican loss, it's absolutely connected to why it's

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<v Speaker 2>being said that Musk will be leaving Doze or stepping

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<v Speaker 2>back in Trump administration duties in the coming weeks. Put

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<v Speaker 2>another way, that race mattered. That's how momentum starts. And

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<v Speaker 2>this is not about twenty twenty eight. This is about

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<v Speaker 2>twenty twenty six. Flip a few House seats and the

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<v Speaker 2>speakership goes to Hakim Jeffreys. No more blank check for

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<v Speaker 2>the Trump administration. More momentum has been generated and so on,

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<v Speaker 2>here's how I know, and we're going to use history

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<v Speaker 2>as a guide. Ted Cruz's twenty one hour filibuster in

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<v Speaker 2>the hopes of defunding Obamacare back in September of twenty

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<v Speaker 2>thirteen was on substance unsuccessful, but on symbolism and momentum.

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<v Speaker 2>In the twenty fourteen midtermal life just a year later,

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<v Speaker 2>the Republicans won sixteen seats from the Democrats, and the

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<v Speaker 2>GOP achieved their largest majority in the House since nineteen

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<v Speaker 2>twenty eight due to that Republican wave. Arguably, you can

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<v Speaker 2>trace the beginning of that red wave right back to

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<v Speaker 2>Ted Cruz's filibuster the year prior Cruz was mocked and

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<v Speaker 2>ridiculed by the Democrats. Sound familiar, not unlike the Republicans

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<v Speaker 2>who've largely have mocked and ridiculed Booker, questioning what it accomplished,

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<v Speaker 2>I hope you can see where I'm going with this.

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<v Speaker 2>The spark, while symbolic, is the point, of course, there

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<v Speaker 2>are other variables along the way, but every wave starts

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<v Speaker 2>with a droplet. It also bears mentioning that in the

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<v Speaker 2>way that Cruz used his filibuster to prime the pump

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<v Speaker 2>for his eventual presidential campaign, you should assume the same

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<v Speaker 2>with Booker. Lastly, the past is prologued and there are

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<v Speaker 2>any other meaningful parallels between filibusters and future elections. Ted

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<v Speaker 2>Cruz's twenty one hours on the Senate floor was one

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<v Speaker 2>year before a major red wave midterm and three years

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<v Speaker 2>before a Republican returned to the White House. Just in

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<v Speaker 2>case you're paying attention, So before you write off Booker's

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<v Speaker 2>record as just some meaningless stunt, look at the lessons

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<v Speaker 2>of Ted Cruz and that roadmap. Not everything needs to

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<v Speaker 2>have an immediate impact or a substantive reward for it

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<v Speaker 2>to matter. On substance, neither Ted Cruz nor Corey Booker

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<v Speaker 2>gained anything, but in the longview, don't overlook how symbolism

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<v Speaker 2>can be the spark that a party needs. For KFI

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<v Speaker 2>AM six forty, I'm mo Kelley, and tonight the show

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<v Speaker 2>started a little bit differently than usual. Usually it's like

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<v Speaker 2>ha ha, ha ha, jokes, all sorts of fun. But

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<v Speaker 2>tonight was a little bit different because today, earlier today

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<v Speaker 2>and throughout the day, it was a heavy moment and

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<v Speaker 2>maybe you didn't believe me. I was saying, we were

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<v Speaker 2>living through history. What happened with the stock market with

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<v Speaker 2>the tariffs, what might be happening in subsequent days. If

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<v Speaker 2>you've been following Dow futures, the stock market has continued

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<v Speaker 2>to go down even after the closing bell. This is

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<v Speaker 2>a very significant moment in our nation's history. And I

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<v Speaker 2>said that there will be responses from other countries. I

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<v Speaker 2>know that France has announced in the recent hours that

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<v Speaker 2>it's going to stop all investments and future investments in

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<v Speaker 2>the US pending some clarity on what the US is

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<v Speaker 2>going to do going forward. And there'll be other responses

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<v Speaker 2>from other nations. This is, I would say, the end

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<v Speaker 2>of the beginning. We are just getting into what these

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<v Speaker 2>tariffs are going to mean. But tonight I wanted to

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<v Speaker 2>close out the show just a little bit differently as

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<v Speaker 2>far as how I talk about these issues.

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<v Speaker 3>And it's not going to be my voice.

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<v Speaker 2>It's going to be the voice of maybe someone that

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<v Speaker 2>you more respect, someone that you more appreciate, someone you

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<v Speaker 2>more revere. And these are just a few voices who

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<v Speaker 2>articulate in opinion both past and present, which I think

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<v Speaker 2>are relevant, remarkable, and needed right about now. The first

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<v Speaker 2>one I wanted to play for you, This is Iowa

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<v Speaker 2>Senator Chuck Grassley, and this is from today, and he's

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<v Speaker 2>responding to the mayhem and the chaos which was going

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<v Speaker 2>on in our financial markets. He's made it clear that

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<v Speaker 2>he hasn't been a supporter of the tariffs, but this

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<v Speaker 2>is what he had to say given what was going on.

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<v Speaker 4>If President Trump is successful in reducing traves in other countries,

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<v Speaker 4>I'm going to say, Amen, praise the Lord. But if

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<v Speaker 4>he's unsuccessful, I'll say I told you soul. That's Senator

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<v Speaker 4>Chuck Grassley.

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<v Speaker 2>And if anything you can extract from that is that

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<v Speaker 2>he's making it clear that he tried to provide wise

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<v Speaker 2>counsel to our president.

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<v Speaker 3>That's Senator Chuck Grassley. That's not me.

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<v Speaker 2>Here is our present Secretary of State, Marco Rubio. But

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<v Speaker 2>he wasn't obviously always secretary of state. Back in twenty sixteen,

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<v Speaker 2>he was running for president and then an opponent of

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<v Speaker 2>then candidate Donald Trump. This is what he had to

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<v Speaker 2>say about tariffs.

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<v Speaker 5>I think we need to be very careful with tariffs.

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<v Speaker 5>And here's why China doesn't pay the tariff. The buyer

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<v Speaker 5>pays the tariff. If you send a tie or a

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<v Speaker 5>shirt made in China into the United States, and American

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<v Speaker 5>goes to buy it at the store and there's a

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<v Speaker 5>tariff on it, it gets passed on in the price

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<v Speaker 5>to the consumer. So I think the better approach. The

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<v Speaker 5>best thing we can do to protect ourselves against China

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<v Speaker 5>economically is to make our economy stronger.

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<v Speaker 2>That's what Senator Mark or Rubio, now Secretary of State,

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<v Speaker 2>had to say back in twenty sixteen. The next voice

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<v Speaker 2>I want to play for you is Kentucky Senator Ran Paul.

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<v Speaker 2>This is from just days ago.

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<v Speaker 6>With regard to tariffs, Let's be very clear, tariffs are

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<v Speaker 6>simply taxes. Tariffs don't punish foreign governments. They punish American families.

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<v Speaker 6>When we tax imports, we raise the price of everything

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<v Speaker 6>from groceries to smartphones, to washing machines to prescription drugs.

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<v Speaker 6>Every dollar collected in tariff revenue comes straight out of

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<v Speaker 6>the pockets of American consumers. Conservatives used to understand that

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<v Speaker 6>tariffs are taxes on the American people. Conservatives used to

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<v Speaker 6>be uniformly opposed to raising taxes because we wanted the

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<v Speaker 6>private marketplace, the private individuals to keep more of their incomes.

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<v Speaker 3>We were always for lower taxes.

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<v Speaker 6>And yet now the mantra that's coming is we want

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<v Speaker 6>higher taxes. What happened all the same and give up

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<v Speaker 6>all the things we used to believe in as conservatives, I,

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<v Speaker 6>for one, haven't. I still think more taxes is bad

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<v Speaker 6>for the economy, more money taking out of the productive

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<v Speaker 6>sector of the private sector and given to the government

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<v Speaker 6>is a mistake. To those who still call themselves conservatives

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<v Speaker 6>but now support tariffs, let me remind them that Milton

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<v Speaker 6>Friedman said tariffs raised prices to consumers and waste our resources.

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<v Speaker 2>That's Kentucky Junior Senator Ran Paul now Here's noted economists

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<v Speaker 2>and historian Thomas Soule.

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<v Speaker 7>It's painful to see what a ruinous decision from back

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<v Speaker 7>in the nineteen twenties being repeated now in so far

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<v Speaker 7>as he's using these tariffs to get various strategic things settled,

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<v Speaker 7>and that he is satisfied with that.

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<v Speaker 8>But if you's got set off.

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<v Speaker 3>A worldwide trade war.

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<v Speaker 8>That has a devastating history, everybody loses, everybody follows suit,

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<v Speaker 8>and all that happens is that you get a great

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<v Speaker 8>reduction and international trade.

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<v Speaker 2>This is a very famous economics teacher you might have

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<v Speaker 2>heard before.

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<v Speaker 1>In nineteen thirty the Republican controlled House of Representatives, in

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<v Speaker 1>an effort to alleviate the effects of anyone, anyone the

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<v Speaker 1>Great Depression, passed anyone, anyone a tariff bill, the Holly

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<v Speaker 1>Smoot Tariff Act, which anyone raised or lowered raised tariffs

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<v Speaker 1>in an effort to collect more revenue for the federal government.

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<v Speaker 1>Did it work? Anyone, anyone know the effects. It did

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<v Speaker 1>not work, and the United States sank deeper into the

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<v Speaker 1>Great Depression.

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<v Speaker 2>That was, of course actor ben Stein playing the economics

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<v Speaker 2>teacher in Ferris Bueller's Day Off, but it was relevant

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<v Speaker 2>to today.

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<v Speaker 3>In the last voice, I want to leave with you.

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<v Speaker 3>You is why he doesn't really need any introduction.

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<v Speaker 9>For those of us who live through the Great Depression,

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<v Speaker 9>the memory of the suffering it caused is deep and searing,

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<v Speaker 9>and today many economic analysts and historians argue that high

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<v Speaker 9>teriff legislation passed back in that period, called the Smoot

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<v Speaker 9>Hawley Tariff, greatly deepened the depression and prevented economic recovery.

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<v Speaker 9>You see, at first, when someone says, let's impose tariffs

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<v Speaker 9>on foreign imports, it looks like they're doing the patriotic

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<v Speaker 9>thing by protecting American products and jobs, and sometimes for

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<v Speaker 9>a short while it works, but only for a short time.

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<v Speaker 9>What eventually occurs is first homegrown industries start relying on

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<v Speaker 9>government protection in the form of high tariffs. They stop

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<v Speaker 9>competing and stop making the innovative management and technological changes

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<v Speaker 9>they need to succeed in world markets. And then while

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<v Speaker 9>all this is going on, something even worse occurs. High

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<v Speaker 9>terraf inevitably lead to retaliation by foreign countries and the

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<v Speaker 9>triggering of fierce trade wars. The result is more and

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<v Speaker 9>more tariffs, higher and higher trade barriers, in less and

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<v Speaker 9>less competition. So soon, because of the prices made artificially

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<v Speaker 9>high by tariffs that subsidize inefficiency and poor management, people

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<v Speaker 9>stop buying. Then the worst happens. Market shrink and collapse,

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<v Speaker 9>businesses and industry shut down, and millions of people lose

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<v Speaker 9>their jobs. The memory of all this occurring back in

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<v Speaker 9>the thirties made me determined when I came to Washington

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<v Speaker 9>to spare the American people the protectionist legislation that destroys prosperity. Now,

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<v Speaker 9>it hasn't always been easy. There are those in the Congress,

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<v Speaker 9>just as there were back in the thirties, who want

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<v Speaker 9>to go for the quick political advantage, who risk America's

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<v Speaker 9>prosperity for the sake of a short term appeal to

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<v Speaker 9>some special interest group. Who forget that more than five

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<v Speaker 9>million American jobs are directly tied to the foreign export

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<v Speaker 9>business and additional millions are tied to imports.

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<v Speaker 2>For k IF, I am six forty. I'm mo Kelly
