Speaker 1: The people who are crowding the Roosevelt Hotel, who have
overloaded the Row in New York City or any other
former Motel six and Best Western across the fifty states.
As if those people are working, most of them are
not working. They're not working. Whether it's you know, working
in a meat processing plant gutting chickens to turn into
perdue chicken breasts, which many Americans don't want to do,
or whether it's cleaning you know, houses as a maid,
most of them are not working.
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Speaker 3: And welcome.
Speaker 4: You are listening to and watching the Financial Survivor Network.
I'm your host, Carrie Lutz. Well, we had an election.
Probably most of you are aware of that if you
are paying any attention at all, and the no surprise
in yours truly and most others who actually follow the
thing rationally, the outcome is exactly as expected. But that's
not the important thing. The important thing is what's next,
What is going on now? And how are we going
to deal with it? And the is it for the
benefit of the country.
Speaker 3: Or is it going to be another nail in the
coffin and with us now? Is Kenneth Reposa And Kenneth
you are an analyst with Congress Committee Committee for a
prosper Holy show them okay that starts again. Kenneth, you
are an analyst for a group known as a Coalition
for Prosperate America. I like the title, and have we
taken a giant.
Speaker 5: Toward properity or away? Well?
Speaker 1: I hope prosperity is on its way. I hope we've
taken a leap forward right because our organization we would be,
I guess likened to an American first style organization. We
represent companies that want to produce things in the United States.
And when I say that, that could be items that
are put into a Boeing aircraft or it could be
something like beef.
Speaker 5: We have beef.
Speaker 1: We have ranchers that are part of the coalition as well,
because you know, the United States is being overrun these
days by importing food, especially importing beef from Mexico and
other countries around the world for various reasons. So there
are members are people who want to maintain employment in
the United States by keeping their businesses afloat making things.
That's who that's who we represent, that's the coalition.
Speaker 3: So over the So that directly ties into immigration as well.
I think the well, a lot of these companies, the
hopefully none that you work with, are illegal in the
immigrant who work for cheaper labor. A lot of companies
moved out of the country that they couldn't afford the
coup of labor. How do you come down on that channel?
Speaker 1: Well, I could tell you this immigration isn't really a
fight that we have at coalition, But I could tell you,
like I talk to some of our members and some
of the other members, they do hire foreigners, you know,
they do bring in people from overseas legally, we have
a visa process for that. And a lot of them
say that there is a labor shortage in the United States,
and not only one of the things that I hear
them complain about. Actually, so there is a legitimacy to this.
I hear all so many people complaining about this is
that a lot of American workers, whether they're twenty two
years old, described from college, or whether even in their thirties,
they're just not a lot of them. They especially on
the manufacturing side, right, they just they don't want to
work forty hours. A lot of them complain, and so
a lot of these managers I talk to, I'm telling.
Speaker 5: You, it's really strange to hear you, but I do
hear it. They do, they.
Speaker 1: Contech, the consulate, they get on these special visas, they
import guys from countries in Central America and who come
in and they work forty hours, and they're not they're
not what I referred to as beavis and butt head
what I heard referred to, right or as bevis in
butt head who don't want to work. So there is
a big that is a whole other debate, actually, but
a lot of a lot of people, whether they're coalition
members or just companies in general, there they they do
complain about the labor shortage, you know, and they and
they do hire people overseas.
Speaker 5: And whether or not that impacts.
Speaker 1: The wage rate, I guess that would depend on the industry.
Speaker 5: Right.
Speaker 1: So we have another thing like which is probably I'm
sure you've heard of the H one B visa, which
is more of a which is primarily a tech visa
used in tech and tech companies like Google. Which is
why if you go to downtown Manhattan, right where you
go to all the IT guys working at the big
Wall Street banks, it's like you're walking down the streets
of Hidabad or Shanghai, because most of them are Indian
and Chinese and they're not portfolio manager, but they're working
out the tech side, and most of them, but there
aren't H one B visas. And the argument there is, well,
we don't have enough tech guys to do it. I
don't know their argument there. The other argument could be,
let's import more so we can not pay tech workers
two hundred thousand bucks a year. We can only pay
them eighty or whatever it is that it could put
a cap on wages. So that's a whole other discussion.
But as far as the illegal immige immigration, the border
crosses are the newcomers as Trump as Biden would refer
to them, Yeah, you know, we we we don't support
that because that is wage stagnation and wage destruction.
Speaker 3: I thought the way that the current occupant of the
white house was the valving the labor shortage. I thought
hevalved them already, that opening up the borders.
Speaker 5: Well he's he.
Speaker 1: Well, well, if you listen to guys on CNBC, they'll
tell you God forbid you send these guys home, because
you know, all of a sudden, we won't have we
won't have workers to do whatever it is we need
to do. As if, as if the people who are
crowding the Roosevelt Hotel, who have overloaded the Row and
York City or any other former Motel six and Best
Western across the fifty states, as if those people are working,
most of them are not working. They're not working, whether
it's you know, working in a meat processing plant gunning
chickens to turn into Purdue Perdue chicken breasts, which many
Americans don't want to do, or whether it's cleaning you know,
houses as a made, most of them are not working.
So you know, I mean certainly not certainly. We're not
seeing people leave the Roosevelt to go get jobs as
doormat at Macy's or the Upper West Side, So you know,
these guys are not working. So but you know, it's
it's a battle. I think I think we'll see hopefully
we'll see some deportations and some changes at the border
really soon.
Speaker 5: Americans clearly do not want an open border. That's that's
a fact.
Speaker 1: Republicans or Democrats, and you know, the Buyden government right
now doesn't seem to care that Americans don't want that.
We've heard stories of them just you know, rushing people
into the CBP one app and again all of these
things for a company like like mine. We we represent
companies that don't that that want Mater grow.
Speaker 5: We can't have America grow.
Speaker 1: We can't have America prosper if you have a bottomless
you know, arrival and unlimited arrival of people from you
know what what used to be called the third world,
right coming here to work. That that's just part of
the press wages and and compete for housing. So it's
just going to be a bad overall idea. And I
think every American, most Americans agree on that.
Speaker 3: Yeah. Well, speaking of the Roosevelt hook, well that was
another one of the current occupant in the White House
is the accomplishment He ended the hook.
Speaker 1: Right, Yes, you put all the migrants in there, and
you and may and think about this. I have no
idea what the rates are. But you know, I used
to love going to the Roosevelt when I used to
work for Forbes. I don't I never worked in the city,
but I have to go to I have to go
to New York City at least once once a month,
once every of the month, and I'd go meet with
meeting with my editors, and meet with sources, and wine
and dine. And I probably paid two fifty a night,
maybe a little less, depending what was happening with the
un that is, when prices really drove up. Who's paying
the Roosevelt now if probably a combination of the Feds
and the City of New York and maybe the state
of New York. And I'm whoever owns the Roosevelt's probably
making three hundred four hundred dollars a night. You know.
Speaker 5: The problem is, I'm sure it's a total grift.
Speaker 1: These hotels have to be shut down, and hopefully Trump
does that and it shuts down quick. They're really shutting
down in New York City, but they need to be
shut down nationwide.
Speaker 3: Yeah.
Speaker 4: No, I couldn't agree with you more. And they're paying,
They're not getting a discount. They just said that they
rented out the Roosevelt Hotel for two hundred million dollars,
two hundred and twenty million dollars and it's out by
the government of Pakistan now and then what's the.
Speaker 3: Point of this, right?
Speaker 5: What a griff is awful up?
Speaker 3: That's it.
Speaker 5: And it was a.
Speaker 1: Beautiful hotel too. It's really sad to see what's happened
to that hotel. It was an iconic hotel. It was
a good, affordable Erican middle class hotel. I mean, if
you wanted to go. I mean there's a lot of
beautiful hotels in Manhattan obviously, like the Pierre and so on.
You know, iconic New York City hotels, but they're out
of pocket, right, they're very expressive.
Speaker 5: It fly on amou tonight. Want to stay at here?
You're staying in the.
Speaker 1: Beautiful Roosevelt and a large entryway, red carpet treatment when
you walked in the beautiful bar at a rooftop bar,
and you can get any I guess under two fifty
at night.
Speaker 5: Sometimes in you off season you're looking at one twenty
at night.
Speaker 1: That was an affordable, middle class you know, iconic New
York City hotel and if you wanted to enjoy all
the trap.
Speaker 5: You know the.
Speaker 1: Trappings of New York City, right near Grand Central Station,
right near Type Square, right near Fifth Avenue. That was
the place and it's been totally destroyed in the migrants.
IM sure that we're in there. So you didn't treat
it any you know, it didn't need it any better.
Speaker 4: No question about it. So hopefully that'll be over soon.
All these things though, like the grift, How do you
think doge will impact your organization?
Speaker 1: Kenneth Oh, well, doge Well, the point of Doge right
will be to cut regulation in the cut government spending, right,
and if you cut government spending, then you don't have
to worry about the government growing so much, including increasing
tax rev right, So that would that would be helpful
to companies right when they when they see that there's
a possibility that their taxes can be lowered. That's always
a positive whether or not dog is going to be
successful because of course, there's a lot of opposition to
them on Capitol Hill because you know, the whole system
is in trench. Right if you and I work work
in some ridiculous bureaucracy and on Capitol Hill making one
hundred thousand bucks a year, which might not be a
lot of money in DC, But to most American pledgs,
that certainly seems like a hell of a lot of cash.
They don't lose their job, and their job could just
be useless pencil pushers that probably can really do what
you do ten hours a week instead of forty. But
and Elon Musk clearly wants to out them, he wants
to get rid of them. So does bevet whether or
not they're successful. I don't know, because there again, there
is an entrenched bureaucracy there with with a lot of
lawyers who are going to say you can't do this
because we've already seen what Biden has done, or whoever
it is in the White House that that pulls the
strings and decision run yeah, saying.
Speaker 5: We're not going to lay these guys off.
Speaker 1: Well, they've signed contracts for certain players for like till
twenty twenties or whatever it was. You want to make
sure these guys aren't cut by DOGE. So wheels are
in motion to make sure Doge is not successful.
Speaker 3: Yeah.
Speaker 4: Well, I think Doze is an idea whose time has come,
and as much as they'd like to stop it, I
don't think they can. And the fact is Congress is
going to roll over eventually, one way or the other.
And you see it already with the numerous appointments, cabinet appointments.
There's a whole big and now you know, you got
people like Lisa Murkowski and Mitt Romney saying, no, the
President's got to do what he's got to do. You
know anything, rist is coming to an end to your.
Speaker 1: Kind of Well, I I want to I want to
tip my hat to social media, like of course, led
by X right, I mean, this is the base of
you know this, this is the activist base that got
the too big to Rig vote out right. They all
exist on X They're all talking about what's happening on
Capitol Hill on X. So they're essentially they're front running.
Speaker 5: Right.
Speaker 1: You have all the market symbols behind you on your background, right,
so you know what front running means. They're front running
the Republican rhinos from saying we can't have this person.
He's uncouth, we can't have this person. They're not they
don't go to church seven days a week. You know
what I mean, we can't have this person. They says
something bad in nineteen eighty nine, you know that those
people are going to be humiliated, and they know now
that they can be primary and that there is a
serious people on the ground from groups like we've all
heard about it. Charlie Kirk turning point USA. Scott Pressler,
an independent guy who's doing all by himself, got the
vote out in Pennsylvania. He's trying to do again in
New Jersey at midterms. So these guys know, hey, this
base of the Republican movement, this nationalist populist movement that
exists on X really primarily as their sounding board, that
these these are the watchdogs of Capitol Hill. This is
this is the plub movement on that's watching what's happening
on Capitol Hill. And they're going to say, hey, look,
we're one step ahead of you. And as long as
that they can stay one step ahead, I think you'll
see Congress reacts, maybe hopefully in a positive way, because
otherwise they won't.
Speaker 5: Right then they're not interested.
Speaker 1: We have we have we have a government that's more
interested in foreign policy intrigued than they are on the homeland.
Speaker 5: Right.
Speaker 1: We know as soon as you throw something at Congress
that means they're going to save the world somewhere in
some country. Four thousand miles away, they act on that.
They make those decisions instant in the United States. If
there's something that's needed here, whatever it may be, is
basically something long term, is housing or whatever. It takes
them years to figure these things out, but it takes
them days to throw money overseas because that's there.
Speaker 5: That's their specialty.
Speaker 1: So as long as we can pull their feet to
the fire, as they say, you know, I think I
think the the you know, the the old country Club
Rhino Republican will get on the Republican wing, the Trump
wing of the Republican Party, which has really changed that party.
Speaker 3: We can only hope.
Speaker 4: We can only hope. Hey, people want to find out
more about what you guys are doing. Connect with you
on the web. Where do you go?
Speaker 1: Okay, so you can find out about coalition at Prosperousamerica
dot org America first company.
Speaker 5: Right, that's what we do.
Speaker 1: We're trying to make sure that Trump's agenda can be successful.
Speaker 4: All right, love it.
Speaker 3: We'll definitely talk to you again. Kenneth.
Speaker 4: You got a question for Kenneth myself, shoot me an
email kl Atcarrie LUTs dot com. You'll find the link
to his site in the show notes this interview on
Financial Survival Network dot com. And while you're there, please
sign up for your free newsletter. As over sixty thousand
of your fellow FSN community members, Kenneth appreciate your stopping by.
Speaker 3: Talk to you again soon.
Speaker 2: Thank you, sir, thanks for listening to Carrie Letz's Financial
Survival Network, your solution to today's trying times. For the latest,
go to f Financial Survival neetwork dot com. Financial Survival
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