1 00:00:04,879 --> 00:00:07,160 Speaker 1: What's going on. Thank you so much for listening to 2 00:00:07,200 --> 00:00:09,640 this podcast. It is heard live every day from noon 3 00:00:09,679 --> 00:00:12,480 to three on WBT Radio and Charlotte. And if you 4 00:00:12,560 --> 00:00:16,359 want exclusive content like invitations to events, the weekly live 5 00:00:16,399 --> 00:00:18,719 stream my daily show prep with all the links, become 6 00:00:18,719 --> 00:00:22,359 a patron, go to dpeakclendarshow dot com, make sure you 7 00:00:22,440 --> 00:00:24,920 hit the subscribe button. Get every episode for free right 8 00:00:24,960 --> 00:00:27,320 to your smartphone or tablet. And again, thank you so 9 00:00:27,399 --> 00:00:31,239 much for your support. All right, so I have been 10 00:00:31,280 --> 00:00:35,799 accumulating just a sort of a program not even a programming. No, 11 00:00:36,079 --> 00:00:40,920 we'll call it a peek behind the curtain. How I 12 00:00:41,039 --> 00:00:47,079 do my show prep is I will see something and 13 00:00:47,079 --> 00:00:50,159 then say something. No, I see something, and I will 14 00:00:50,240 --> 00:00:53,960 like bookmark it. If it's a tweet, I will grab 15 00:00:54,000 --> 00:00:57,359 the link. If it's on a website, I throw it 16 00:00:57,399 --> 00:01:03,359 into a document, a Google dot comment, and then I 17 00:01:03,399 --> 00:01:05,920 will come back and if there's anything that I come across, 18 00:01:06,040 --> 00:01:08,239 you know, if it's something that's like pertinent for right now, 19 00:01:08,560 --> 00:01:10,480 I will pull it out and it goes right into 20 00:01:10,480 --> 00:01:14,480 today's stack of stuff, right into Pete's prep pile, as 21 00:01:14,519 --> 00:01:18,680 I like to call it. So that's for the stuff 22 00:01:18,719 --> 00:01:22,879 that is of expiring value something that should be talked 23 00:01:22,879 --> 00:01:26,400 about immediately. But over the course of days, I will, 24 00:01:26,480 --> 00:01:30,079 and sometimes weeks or months, I'll accumulate a bunch of 25 00:01:30,120 --> 00:01:33,959 different stories that end up being lumped together, and then 26 00:01:34,159 --> 00:01:39,400 you get this fuller picture of a particular topic. So 27 00:01:39,480 --> 00:01:42,840 today's show is going to be some of that stuff. 28 00:01:42,920 --> 00:01:47,200 And it was prompted by a piece, well several pieces, 29 00:01:47,200 --> 00:01:50,040 but the big one dropped yesterday or sorry two days 30 00:01:50,040 --> 00:01:56,840 ago by Rod Dreyer, who is an American conservative writer, editor, 31 00:01:56,879 --> 00:02:04,359 and journalist. Writes about religion, politic culture ideas. He has 32 00:02:04,439 --> 00:02:10,759 worked for publications like The American Conservative. He has worked 33 00:02:10,759 --> 00:02:14,120 at The National Review, the Dallas Morning News, the New 34 00:02:14,199 --> 00:02:19,199 York Post. He's written several books. So he had a 35 00:02:19,520 --> 00:02:23,439 very very lengthy piece. It'll take you almost an hour 36 00:02:23,560 --> 00:02:27,639 to read through the whole thing, and he's got it 37 00:02:27,879 --> 00:02:32,159 at his sub Stack newsletter. I'm not going to be 38 00:02:32,199 --> 00:02:33,919 able to go over all of the points that he 39 00:02:34,039 --> 00:02:37,919 raises in that piece titled what I Saw and Heard 40 00:02:37,919 --> 00:02:42,639 in Washington, because he just returned to his He lives 41 00:02:42,680 --> 00:02:44,840 now in Budapest, I think, and so he had just 42 00:02:44,919 --> 00:02:49,520 returned to Budapest after spending three days in DC, had 43 00:02:49,759 --> 00:02:54,879 meetings with all these you know, Washington Conservatives and Republicans 44 00:02:54,919 --> 00:03:00,080 and maga people young and old. He dined with I 45 00:03:00,120 --> 00:03:03,000 think Orbon and the Vice president was there and met 46 00:03:03,039 --> 00:03:05,840 the family and all of that. So he did a 47 00:03:05,840 --> 00:03:09,039 big write up on his visit and what he came 48 00:03:09,080 --> 00:03:16,280 away thinking, and in a sentence, it's not good. It's 49 00:03:16,319 --> 00:03:22,759 not good. This is more of a cultural conclusion. But 50 00:03:22,800 --> 00:03:30,639 I'm going to start with something that animates part of 51 00:03:30,680 --> 00:03:34,919 what we are seeing. And this is a very large topic. Okay, 52 00:03:34,960 --> 00:03:38,280 so there are elements A and I welcome your input 53 00:03:38,319 --> 00:03:40,120 on all of this stuff because this is going to 54 00:03:40,159 --> 00:03:47,120 be h There are going to be various issues that 55 00:03:48,360 --> 00:03:54,719 are hit upon in Drere's massive write up, and every 56 00:03:54,759 --> 00:03:58,199 one of these different issues are complex, but they are 57 00:03:58,240 --> 00:04:01,080 all sort of in this ball, if you will, or 58 00:04:01,159 --> 00:04:06,919 under this heading of what's happening inside of the Right. 59 00:04:08,000 --> 00:04:12,080 This gets to the arguments involving the quote woke right. 60 00:04:12,960 --> 00:04:17,399 Israel is in there. The zoomers, the young zoomers or 61 00:04:17,480 --> 00:04:22,480 zoomer cons These are the younger generation that's now working 62 00:04:22,519 --> 00:04:24,920 in some of these you know, young professionals. They're in DC. 63 00:04:26,439 --> 00:04:34,120 It gets into housing, it gets into economic opportunity. It 64 00:04:34,160 --> 00:04:39,720 gets into the way the left has corrupted the institutions 65 00:04:41,000 --> 00:04:48,959 and largely created this reactionary groiper nation, the Nick Fouentes, 66 00:04:49,040 --> 00:04:55,319 Tucker Carlson, Candae Owens fight with people like Ben Shapiro. Right, 67 00:04:56,319 --> 00:05:01,600 So all of this gets swept up in Rod Dreer's piece, 68 00:05:02,759 --> 00:05:08,560 and this goes beyond politics, all right, And so like 69 00:05:08,639 --> 00:05:11,040 I urge you, I might have to say this multiple 70 00:05:11,040 --> 00:05:13,360 times for people that pop in and they didn't hear 71 00:05:13,399 --> 00:05:16,079 all of this. I urge you as you listen to 72 00:05:16,160 --> 00:05:22,800 these various topics to try to divorce some of the 73 00:05:22,839 --> 00:05:28,240 political arguments and personalities, right, and just think in terms 74 00:05:28,319 --> 00:05:31,800 of the macro at a cultural level. One of the 75 00:05:31,800 --> 00:05:35,000 guys I like to listen to when he puts his 76 00:05:35,079 --> 00:05:39,199 podcasts out is Andrew Claven and he does this podcast 77 00:05:39,240 --> 00:05:44,480 it's called Clavin on the Culture, and his most recent 78 00:05:45,040 --> 00:05:48,240 episode that he did, he was talking about how, and 79 00:05:48,279 --> 00:05:51,399 he has said this before, but he mentioned how like 80 00:05:51,480 --> 00:05:53,839 all of his colleagues at the Daily Wire, guys like 81 00:05:53,920 --> 00:05:58,759 Matt Walsh, Michael Knowles, Ben Shapiro, that they were all 82 00:06:01,600 --> 00:06:05,639 they were all pessimistic about Donald Trump's ability to win reelection. 83 00:06:06,519 --> 00:06:09,639 But Claven wasn't Claven was the only one saying, Oh, yeah, 84 00:06:09,680 --> 00:06:11,199 he's gonna win. He's gonna win. And he's like, and 85 00:06:11,240 --> 00:06:14,800 I knew this because I don't follow the politics and 86 00:06:14,839 --> 00:06:19,600 the polls. I follow the culture, and what he saw 87 00:06:19,680 --> 00:06:23,600 in the culture indicated to him Trump was going to win. 88 00:06:25,079 --> 00:06:32,560 So let me start with housing. I have been saying 89 00:06:32,600 --> 00:06:35,800 for a long time, and I know this comes up 90 00:06:35,800 --> 00:06:39,920 in different ways in different stories along the way, which is, 91 00:06:40,600 --> 00:06:44,639 oh no, here's another apartment complex that's getting built, right, 92 00:06:45,279 --> 00:06:49,040 and I'm tired of all these apartment buildings going up. 93 00:06:49,360 --> 00:06:51,680 You've heard it said in Charlotte, You've heard it said 94 00:06:51,759 --> 00:06:55,360 in well like every city. Basically, I think, well, that's 95 00:06:55,399 --> 00:07:01,079 not dying. Too many apartments, more luxury apartment's, more apartment 96 00:07:01,079 --> 00:07:03,519 buildings going up. What about the traffic? I hate all 97 00:07:03,519 --> 00:07:05,920 of the apartment buildings, right, We don't need more apartment 98 00:07:05,920 --> 00:07:08,199 buildings than people go out to the city council meetings 99 00:07:08,199 --> 00:07:10,279 and they try to block all the apartments from being 100 00:07:10,279 --> 00:07:15,160 built and all of that. There was an analysis run 101 00:07:15,199 --> 00:07:21,199 by J. Parsons, a real estate economist, and another guy 102 00:07:21,279 --> 00:07:26,920 named Barrett Lindbergh, co founder of Savoy Equity who basically 103 00:07:26,920 --> 00:07:30,319 took the data and the analysis from Parsons and then 104 00:07:30,639 --> 00:07:33,399 blasted it out to his you know, tens of thousands 105 00:07:33,399 --> 00:07:36,519 of followers or hundreds of thousands on Twitter and gave 106 00:07:36,560 --> 00:07:43,600 a deeper analysis of it. And here's the headline. Is 107 00:07:43,639 --> 00:07:50,279 that in the apartment market right now, the cheapest, oldest 108 00:07:50,519 --> 00:07:59,920 apartments are getting crushed. But that's only happening in city 109 00:08:00,759 --> 00:08:06,399 that have just delivered lots of new apartments. And if 110 00:08:06,439 --> 00:08:09,240 you just think about it, it makes some sense if 111 00:08:09,279 --> 00:08:12,959 you have an understanding of how this kind of supply 112 00:08:13,839 --> 00:08:17,800 market would work. Right, the more you build, and you 113 00:08:17,839 --> 00:08:22,439 build luxury apartments, then people who can afford those move 114 00:08:22,480 --> 00:08:26,920 into those, and they clear out the second tier sort of. 115 00:08:26,920 --> 00:08:29,759 So you know, your luxury apartments would be class A, 116 00:08:30,519 --> 00:08:33,279 your second tiers class B, and then your class C 117 00:08:33,919 --> 00:08:38,879 the oldest, cheapest apartments, right, people move out of those. Well, 118 00:08:38,879 --> 00:08:40,960 when people are moving out of those, what happens The 119 00:08:41,000 --> 00:08:43,320 landlords need to fill them. So what do they do? 120 00:08:43,399 --> 00:08:49,039 They drop the rents, And that's happening. 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Cabins of Ashville has the 138 00:09:46,759 --> 00:09:50,039 ideal spot for you for any occasion, and they have 139 00:09:50,120 --> 00:09:53,720 pet friendly accommodations. Call or text eight two eight, three 140 00:09:53,799 --> 00:09:56,879 six seven seventy sixty eight or check out all there 141 00:09:56,919 --> 00:09:59,720 is to offer at cabins Offashville dot com and make 142 00:09:59,720 --> 00:10:03,600 memory that'll last a lifetime. You've heard me say, you know, 143 00:10:03,679 --> 00:10:05,679 for a long time now the issue is never the issue. 144 00:10:05,720 --> 00:10:12,200 The issue is always the revolution. But now the revolutionaries 145 00:10:12,240 --> 00:10:16,679 are embedded not just in the political left, but they're 146 00:10:16,679 --> 00:10:19,679 in the political right. Although I don't think they are 147 00:10:19,840 --> 00:10:24,000 of the right politically, but they have embedded themselves over there. 148 00:10:25,480 --> 00:10:31,600 And the common goal between these revolutionaries on both sides, 149 00:10:31,639 --> 00:10:34,559 this is what's also referred to as the horseshoe theory, 150 00:10:35,399 --> 00:10:38,000 where you know, it kind of goes like the two 151 00:10:38,399 --> 00:10:41,799 prongs of the horseshoe. You know, it's like this this 152 00:10:42,000 --> 00:10:46,440 sea shape, and the edges, the ends of the horseshoe 153 00:10:46,879 --> 00:10:51,840 bend back towards each other. Right, they their common purpose 154 00:10:52,200 --> 00:10:58,679 is nihilism in the form of tearing down the current 155 00:10:58,720 --> 00:11:02,879 civilizational order because they believe it's a failure. They believe 156 00:11:02,919 --> 00:11:05,559 it to be a failure for different reasons. The tactics 157 00:11:05,559 --> 00:11:07,639 are the same. This is what James Lindsay has been 158 00:11:07,679 --> 00:11:11,720 talking about for like two years. Charlie Kirk recognized this 159 00:11:11,840 --> 00:11:16,600 as well. But it's nihilism. You've heard the term blackpilled. 160 00:11:17,200 --> 00:11:22,159 That's what this is also. And so they look at 161 00:11:22,159 --> 00:11:24,480 the current order and they say, this isn't serving us, 162 00:11:24,519 --> 00:11:30,720 this isn't conserving anything, this isn't helping me. And on 163 00:11:30,759 --> 00:11:34,480 the right, quote unquote, there is this nihilism in that. Well, 164 00:11:35,039 --> 00:11:37,879 the liberal order, the post World War two liberal order, 165 00:11:39,279 --> 00:11:43,440 was insufficient to ward off the transgressions of the Marxists. 166 00:11:43,879 --> 00:11:46,519 So we now have to burn it all down because 167 00:11:46,519 --> 00:11:50,120 it's become so corrupted by the Marxists. Some people just 168 00:11:50,159 --> 00:11:53,759 want to watch it burn. Those are the true nihilists. 169 00:11:55,720 --> 00:11:58,000 Those are the gropers. By the way, in my view, 170 00:11:59,200 --> 00:12:05,559 they're just nihilists. They're not seeking to build anything. I 171 00:12:05,600 --> 00:12:07,720 don't even know if they've thought it through that far. 172 00:12:11,360 --> 00:12:14,240 But one of the big complaints that they have is housing, 173 00:12:14,879 --> 00:12:21,279 and because of policies like zoning policies, regulatory burden, nimbiism, 174 00:12:21,360 --> 00:12:23,919 the not in my backyard stuff, I don't want you 175 00:12:24,000 --> 00:12:28,039 to build anything. Right then, and you hear it like 176 00:12:28,279 --> 00:12:29,960 I hear it all the time. Just go to your 177 00:12:29,960 --> 00:12:34,159 neighborhood Facebook group or the next door page or something 178 00:12:34,240 --> 00:12:37,639 right your HOA meetings whenever there's a rezoning and oh 179 00:12:37,639 --> 00:12:40,320 my gosh, there's going to be some apartments built nearby. 180 00:12:40,919 --> 00:12:43,279 It's going to increase traffic. I always tell them you 181 00:12:43,320 --> 00:12:47,279 are traffic. You live someplace and there was no traffic 182 00:12:47,320 --> 00:12:53,399 here before you lived here. So anyway, the data on 183 00:12:53,600 --> 00:12:58,120 class apartments, these are the cheapest oldest apartments, Class C 184 00:12:58,679 --> 00:13:00,639 or C class because I know on radio it probably 185 00:13:00,639 --> 00:13:02,679 sounds like I'm saying Class A, but I'm not. I'm 186 00:13:02,720 --> 00:13:07,279 saying Class C. Okay, they're getting crushed right now. In 187 00:13:07,360 --> 00:13:10,639 Denver the rents are down almost fourteen percent. In Naples, 188 00:13:10,679 --> 00:13:16,120 Florida down almost fourteen percent, Austin down thirteen percent, Phoenix 189 00:13:16,519 --> 00:13:19,840 down ten and a half percent, San Antonio down seven, 190 00:13:20,039 --> 00:13:23,879 Dallas down six and a half. And all of those 191 00:13:23,879 --> 00:13:25,919 cities have in common. And there are more Ashells on 192 00:13:25,960 --> 00:13:27,759 the list too. But as somebody pointed out to me 193 00:13:27,840 --> 00:13:30,399 last night, that there are a lot of people that 194 00:13:30,480 --> 00:13:35,480 moved away. So but all of these other places, they 195 00:13:35,679 --> 00:13:40,960 all have recently absorbed a massive wave of new apartments, 196 00:13:42,240 --> 00:13:45,399 and in cities that did not get this kind of 197 00:13:45,399 --> 00:13:50,840 a big supply wave, the sea class rents are actually rising. 198 00:13:51,440 --> 00:13:55,840 Twenty cities saw their sea class rents go up more 199 00:13:55,840 --> 00:14:00,200 than three percent nineteen of those twenty cities had supply 200 00:14:00,799 --> 00:14:04,840 below the national average, So it's basically musical chairs. Think 201 00:14:04,840 --> 00:14:06,600 of it like that. When a brand new luxury apartment 202 00:14:06,600 --> 00:14:09,240 opens up, where do the renters come from? All? Right? 203 00:14:09,360 --> 00:14:13,679 They move up from slightly older apartments. Those apartments now 204 00:14:13,679 --> 00:14:17,200 have vacancies, so they drop their rents to compete. That 205 00:14:17,240 --> 00:14:20,720 pulls in renters from the even older apartments, and down 206 00:14:20,759 --> 00:14:24,080 the line it goes. Eventually it hits the oldest, cheapest 207 00:14:24,120 --> 00:14:26,919 apartments at the bottom. And here's why they get hit 208 00:14:26,960 --> 00:14:30,879 the hardest. People living in class see apartments are already 209 00:14:30,919 --> 00:14:33,799 spending a huge chunk of their paycheck on rent. To 210 00:14:33,879 --> 00:14:37,600 fill the empty units, landlords have to cut prices a lot, 211 00:14:37,879 --> 00:14:40,720 sometimes enough to attract people who could not afford market 212 00:14:40,799 --> 00:14:44,080 rate apartments before. So it's like a waterfall effect. Right. 213 00:14:45,679 --> 00:14:49,519 But here's the important part, says Barrett Lindbergh, This proves 214 00:14:49,519 --> 00:14:54,200 that building new apartments, even the luxury apartments, reduces rents 215 00:14:54,519 --> 00:14:58,159 all the way down the spectrum. If it was just 216 00:14:58,240 --> 00:15:02,519 an affordability crisis, would see the CEA class rents falling everywhere. 217 00:15:02,960 --> 00:15:07,279 But we don't. In high supply cities and low supply cities. 218 00:15:07,440 --> 00:15:10,159 We would see the same thing, but we're not seeing that. 219 00:15:10,240 --> 00:15:13,120 We see a perfect split. If you build lots of 220 00:15:13,159 --> 00:15:16,879 new apartments, the sea class rents fall. If you don't 221 00:15:16,919 --> 00:15:20,080 build a lot of new apartments, those sea class rents 222 00:15:20,279 --> 00:15:25,480 go up. New supply at the top creates relief at 223 00:15:25,480 --> 00:15:30,639 the bottom. Also, he says, wages have been growing faster 224 00:15:30,799 --> 00:15:36,000 than rents for three straight years. More people can afford 225 00:15:36,000 --> 00:15:40,200 apartments today than before. The bottom line, this is what 226 00:15:40,360 --> 00:15:48,519 happens when you actually build housing. Supply works, right, This 227 00:15:48,840 --> 00:15:53,120 is the market sending the signal. This is how you 228 00:15:53,200 --> 00:15:58,799 reduce rent prices. You have more supply. But for some people, 229 00:15:58,960 --> 00:16:02,080 they won't believe this because they have been lied to 230 00:16:02,960 --> 00:16:06,120 for so long by people that they used to be 231 00:16:06,159 --> 00:16:08,639 able to trust or were told that they should be 232 00:16:08,679 --> 00:16:13,440 able to trust. And also they have a higher standard 233 00:16:13,480 --> 00:16:15,960 of living and a higher expectation and the lack of 234 00:16:16,039 --> 00:16:19,279 gratitude for the things that they do have. All right, 235 00:16:19,320 --> 00:16:21,120 if you're listening to this show, you know I try 236 00:16:21,159 --> 00:16:22,919 to keep up with all sorts of current events, and 237 00:16:22,960 --> 00:16:25,039 I know you do too, And you've probably heard me 238 00:16:25,080 --> 00:16:29,279 say get your news from multiple sources. Why, Well, because 239 00:16:29,320 --> 00:16:32,000 it's how you detect media bias, which is why I've 240 00:16:32,000 --> 00:16:35,360 been so impressed with ground News. It's an app, and 241 00:16:35,559 --> 00:16:38,480 it's a website, and it combines news from around the 242 00:16:38,480 --> 00:16:41,200 world in one place, so you can compare coverage and 243 00:16:41,279 --> 00:16:45,120 verify information. You can check it out at check dot ground, 244 00:16:45,440 --> 00:16:48,440 dot news slash Pete. I put the link in the 245 00:16:48,480 --> 00:16:51,720 podcast description too. I started using ground News a few 246 00:16:51,720 --> 00:16:54,440 months ago and more recently chose to work with them 247 00:16:54,480 --> 00:16:57,240 as an affiliate because it lets me see clearly how 248 00:16:57,360 --> 00:17:00,759 stories get covered and by whom. The blind spot feature 249 00:17:00,840 --> 00:17:03,480 shows you which stories get ignored by the left and 250 00:17:03,600 --> 00:17:07,599 the right. See for yourself. Check dot ground, dot news 251 00:17:07,960 --> 00:17:11,039 slash pete. Subscribe through that link and you'll get fifteen 252 00:17:11,079 --> 00:17:14,160 percent off any subscription. I use the Vantage plan to 253 00:17:14,200 --> 00:17:17,640 get unlimited access to every feature. Your subscription then not 254 00:17:17,680 --> 00:17:20,680 only helps my podcast, but it also supports ground News 255 00:17:20,720 --> 00:17:24,640 as they make the media landscape more transparent. It's a 256 00:17:24,640 --> 00:17:28,440 Pete tweet from Trent who says apartments are going up 257 00:17:28,559 --> 00:17:31,839 around Ashville. It wasn't just Helene causing a drop in rent, 258 00:17:31,839 --> 00:17:34,279 but that is a factor. Yes, I agree. I think 259 00:17:34,279 --> 00:17:37,119 that's what I said, because, yeah, when I was there 260 00:17:37,359 --> 00:17:40,640 for you know, the eight years I worked in radio 261 00:17:40,720 --> 00:17:45,319 in Ashville, I covered a lot of these fights over 262 00:17:45,720 --> 00:17:48,559 you know, new apartments going up, and people on the 263 00:17:48,640 --> 00:17:51,799 right and the left. It was like the only bipartisan 264 00:17:51,880 --> 00:17:54,480 thing that they could agree upon, which was we don't 265 00:17:54,519 --> 00:17:58,400 want more apartments. It's like, well, that's how you get 266 00:17:59,519 --> 00:18:03,799 prices to drop, Otherwise they just keep going up and 267 00:18:03,880 --> 00:18:08,000 up and up. Also, I've noticed the NIMBI people in 268 00:18:08,039 --> 00:18:11,319 Ashville screamed the loudest about housing prices, but also scream 269 00:18:11,359 --> 00:18:14,920 the loudest when you try to do something to fix it. Yes, exactly, 270 00:18:14,960 --> 00:18:18,440 that's the problem with the NIMBYs. Not in my backyard. 271 00:18:18,519 --> 00:18:21,680 It's not even just my backyard. It's it's not anywhere. 272 00:18:22,480 --> 00:18:25,319 I don't want these things built anywhere anywhere where I 273 00:18:25,359 --> 00:18:28,279 can see them anywhere that I can that I have 274 00:18:28,319 --> 00:18:34,039 to pass on my way to work or whatever. So 275 00:18:34,519 --> 00:18:38,640 Will ricci Erdella is the managing editor of politics at 276 00:18:38,640 --> 00:18:44,480 Fox News, and he had an interesting right up the 277 00:18:44,519 --> 00:18:49,640 other day that folds into this discussion too. It's whether 278 00:18:49,720 --> 00:18:53,200 or not a family can live on one income right now, 279 00:18:53,240 --> 00:18:56,559 Obviously that income amount is going to matter if the 280 00:18:56,559 --> 00:18:59,880 one breadwinner in the family is just making twenty five 281 00:19:00,039 --> 00:19:04,160 thousand dollars a year, Like, no, that's probably not enough, 282 00:19:04,200 --> 00:19:09,200 you know, But if you're at you know, the median salary, 283 00:19:09,279 --> 00:19:12,279 you're making forty five to fifty five K. If you're 284 00:19:12,319 --> 00:19:14,519 in the middle class, which is, let's say fifty to 285 00:19:14,519 --> 00:19:16,640 one hundred and fifty thousand a year, but that's for 286 00:19:16,680 --> 00:19:20,559 a household. But somewhere in that range, you can actually 287 00:19:20,599 --> 00:19:26,000 do it because inflation adjusted, that's what people made. In fact, 288 00:19:26,240 --> 00:19:28,839 another stat I saw last night was that the middle 289 00:19:28,839 --> 00:19:33,599 class has declined as a percentage of the total population. However, 290 00:19:33,599 --> 00:19:39,559 it's because the the upper class has grown from like 291 00:19:39,640 --> 00:19:42,680 five percent to over thirty three percent, So there are 292 00:19:42,720 --> 00:19:45,160 more people earning more than one hundred and fifty thousand, 293 00:19:45,240 --> 00:19:48,519 and that is adjusted for inflation, and it includes all 294 00:19:48,559 --> 00:19:54,279 of the common expenses. The lower class has also shrunk. 295 00:19:55,160 --> 00:19:58,720 So you have this movement up right now. And I 296 00:19:59,079 --> 00:20:04,119 will say this person, inflation is real, and I have 297 00:20:04,200 --> 00:20:06,400 felt this. We were talking about it last night. Christie 298 00:20:06,400 --> 00:20:08,359 and I, like, we used to go to the grocery store. 299 00:20:08,440 --> 00:20:10,400 We get the same stuff all the time, basically, and 300 00:20:10,440 --> 00:20:12,880 it's usually about it was about four years ago, five 301 00:20:12,960 --> 00:20:14,839 years ago, it is about one hundred to one hundred 302 00:20:14,839 --> 00:20:21,319 and fifty dollars per trip. Now it's pushing two fifty. 303 00:20:21,400 --> 00:20:25,839 So like, thanks Joe Biden for all of that. That's 304 00:20:25,880 --> 00:20:29,960 why they call it the silent tax inflation. Anyway, back 305 00:20:30,000 --> 00:20:34,880 to will Richie Ardella's piece, can a family live on 306 00:20:34,880 --> 00:20:42,799 one income today? Yes? But not today's lifestyle on yesterday's budget. 307 00:20:43,799 --> 00:20:47,279 For example, what size house did you grow up in? 308 00:20:47,319 --> 00:20:50,000 I've talked about this before. What size house did you 309 00:20:50,000 --> 00:20:54,559 grow up in? Right? From fifty years ago, most people 310 00:20:54,640 --> 00:20:56,880 were probably in about a one thousand square foot home, 311 00:20:57,079 --> 00:21:00,319 not a twenty five hundred square foot home as today. 312 00:21:00,920 --> 00:21:04,599 They had one car, probably a used car, not two, 313 00:21:04,759 --> 00:21:10,319 not three, not four new least right, one family phone 314 00:21:10,720 --> 00:21:14,000 just a landline. That was it. No smartphones for every 315 00:21:14,039 --> 00:21:18,400 person in the family. One TV, one in the whole house, 316 00:21:19,039 --> 00:21:25,680 no subscriptions, no cable, just antenna, no microwave, no central 317 00:21:25,720 --> 00:21:31,319 air conditioning, home cooked meals, no dining out, no childcare, 318 00:21:31,359 --> 00:21:39,079 one parent stayed home. Public schools only local sports, no 319 00:21:39,200 --> 00:21:44,480 travel leagues. Right, you played on your school team like 320 00:21:44,519 --> 00:21:47,519 that was it? Those were the options available. You either 321 00:21:47,559 --> 00:21:50,480 made the team or you did not, And that means 322 00:21:50,519 --> 00:21:55,200 you did not play basic health insurance. You would have 323 00:21:55,279 --> 00:21:57,920 to pay for your dental and any extras out of pocket. 324 00:21:58,880 --> 00:22:02,920 You had simple clothes. I would get hand me downs 325 00:22:02,960 --> 00:22:05,119 from my brother or a cousin who was older than me. 326 00:22:08,240 --> 00:22:15,200 Thrift toy stores, sorry, thrift store toys. Thrift store toys. Yeah, 327 00:22:15,240 --> 00:22:17,359 I mean back when I was growing up, like, it 328 00:22:17,440 --> 00:22:21,359 was not like you know the stuff that you get today. 329 00:22:21,599 --> 00:22:25,160 We weren't getting six hundred dollars xboxes for Christmas, you know, 330 00:22:27,240 --> 00:22:31,440 and rare vacations, but little debt. That's how most families 331 00:22:31,480 --> 00:22:35,440 lived for decades, and they raised kids, built communities and 332 00:22:35,519 --> 00:22:37,480 made it work. Now, there's one thing missing in his 333 00:22:37,519 --> 00:22:40,319 analysis here which I always feel the need to throw in, 334 00:22:40,640 --> 00:22:44,680 which is post World War Two, the rest of the 335 00:22:44,680 --> 00:22:49,880 industrialized world was flattened, right, So the United States enjoyed 336 00:22:49,880 --> 00:22:52,759 a boom that we are unlikely to ever see again 337 00:22:52,880 --> 00:22:56,160 because again the rest of the world was flattened. We 338 00:22:56,240 --> 00:22:59,759 did not have many competitors out there. We were it, 339 00:23:00,279 --> 00:23:03,640 so we enjoyed all of that prosperity. And as the 340 00:23:03,640 --> 00:23:07,240 rest of the world rebuilt after World War II, now 341 00:23:07,240 --> 00:23:10,720 we had more competition. Remember the Japanese, they were buying 342 00:23:10,759 --> 00:23:14,599 everything like Oh, they're just bought Rockefeller Center. We're going 343 00:23:14,640 --> 00:23:16,400 to be taken over by Japan and all of this. 344 00:23:19,599 --> 00:23:23,599 So his argument is that the issue is not that 345 00:23:23,640 --> 00:23:27,279 you cannot raise a family on one income. The issue 346 00:23:27,480 --> 00:23:31,160 is that we have inflated middle class to mean upper 347 00:23:31,279 --> 00:23:37,440 middle class. Luxuries, two cars, two iPhones, dining out like 348 00:23:37,480 --> 00:23:42,440 all the time, Amazon Prime and all the other subscriptions, orthodontics, 349 00:23:42,519 --> 00:23:46,799 soccer trips, Disneyland, a home office with Wi Fi like 350 00:23:46,920 --> 00:23:49,680 all of these things. We consider this to be now 351 00:23:49,960 --> 00:23:54,279 middle class. And if you don't get those things, now 352 00:23:54,319 --> 00:23:59,000 you have resentment and envy. And I feel like, well, 353 00:23:59,039 --> 00:24:02,599 I know that the antidote to resentment and envy, which 354 00:24:02,680 --> 00:24:07,559 that's what Marxism is, is gratitude for what you do have. 355 00:24:09,319 --> 00:24:11,759 But for me, being a gen Xer, I came up 356 00:24:11,799 --> 00:24:14,599 and we were not wealthy. We were middle class, and 357 00:24:14,640 --> 00:24:17,720 we came up at a certain middle class standard of living. 358 00:24:18,680 --> 00:24:20,599 And when I talked about it, when I went to 359 00:24:20,640 --> 00:24:23,519 college and I was in a dorm room, it was 360 00:24:23,559 --> 00:24:27,079 cinder block walls, tile floors, you know, a twelve x 361 00:24:27,119 --> 00:24:31,000 twelve room, Like that's it. Now you go to college 362 00:24:31,000 --> 00:24:35,599 and you got like luxury apartment status, and so kids 363 00:24:35,599 --> 00:24:38,200 who come from a quote middle class which is actually 364 00:24:38,279 --> 00:24:42,279 upper middle class luxury lifestyle, then going to college and 365 00:24:42,319 --> 00:24:45,279 maintaining that lifestyle, then getting out of college, now it's 366 00:24:45,319 --> 00:24:50,079 like reality, real world. Yeah, you've got, you know, four 367 00:24:50,200 --> 00:24:55,119 roommates living in some nine hundred square foot house and 368 00:24:55,319 --> 00:24:58,160 you're struggling and it's not so nice, and you don't 369 00:24:58,200 --> 00:25:01,440 have the grande countertops and the stainless steel appliances, like, 370 00:25:01,519 --> 00:25:04,200 you don't have that standard of living that you used 371 00:25:04,240 --> 00:25:09,400 to have. So part of this is expectation and when 372 00:25:09,400 --> 00:25:15,039 you are disabused of this notion that this is how 373 00:25:15,240 --> 00:25:20,200 normal middle class people live when you actually enter the 374 00:25:20,440 --> 00:25:24,319 you know, the real world, that breeds this resentment and 375 00:25:24,359 --> 00:25:28,119 this envy rather than seeing the gratitude that my parents 376 00:25:28,160 --> 00:25:31,039 were able to provide this lifestyle for me when growing up, 377 00:25:31,160 --> 00:25:33,920 but now I have to make it on my own. 378 00:25:33,920 --> 00:25:38,039 Which is another component of this, which is teaching kids resilience, 379 00:25:39,039 --> 00:25:41,319 and we don't do a good job of that. This 380 00:25:41,440 --> 00:25:44,160 is the bulldozer pairing kind of approach, right where you 381 00:25:44,200 --> 00:25:46,559 just clear everything in front of your kids so they 382 00:25:46,599 --> 00:25:50,920 have no challenges or obstacles to overcome. And then the 383 00:25:50,960 --> 00:25:54,079 first time they encounter resistance or an obstacle, they fall 384 00:25:54,119 --> 00:25:57,200 to pieces. You know. Stories are powerful. They help us 385 00:25:57,240 --> 00:26:00,960 make sense of things, to understand experiences. Stories connect us 386 00:26:01,000 --> 00:26:03,880 to the people of our past while transcending generations. They 387 00:26:03,960 --> 00:26:06,839 help us process the meaning of life and our stories 388 00:26:06,880 --> 00:26:10,640 are told through images and videos. Preserve your stories with 389 00:26:10,759 --> 00:26:14,599 Creative Video. Started in nineteen ninety seven in Minhill, North Carolina. 390 00:26:14,799 --> 00:26:17,400 It was the first company to provide this valuable service, 391 00:26:17,440 --> 00:26:22,200 converting images, photos and videos into high quality produced slide shows, 392 00:26:22,319 --> 00:26:25,920 videos and albums. The trusted, talented and dedicated team at 393 00:26:25,960 --> 00:26:28,400 Creative Video will go over all of the details with 394 00:26:28,440 --> 00:26:32,279 you to create a perfect project. Satisfaction guaranteed. Drop them 395 00:26:32,319 --> 00:26:34,119 off in person or mail them. They'll be ready in 396 00:26:34,160 --> 00:26:36,640 a week or two. Memorial videos for your loved ones, 397 00:26:36,799 --> 00:26:41,920 videos for rehearsal, dinners, weddings, graduations, Christmas, family vacations, birthdays, 398 00:26:41,960 --> 00:26:45,799 or just your family stories all told through images. That's 399 00:26:45,799 --> 00:26:49,119 what your photos and videos are. They are your life 400 00:26:49,200 --> 00:26:51,839 told through the eyes of everyone around you and all 401 00:26:51,880 --> 00:26:54,039 who came before you, and they will tell others to 402 00:26:54,039 --> 00:26:58,920 come who you are. Visit creative video dot com to 403 00:26:59,319 --> 00:27:05,960 do so. Here's z a text from Trollia mctrollerson. Come on, 404 00:27:06,079 --> 00:27:09,400 Trump said inflation was gone and the price of groceries 405 00:27:09,440 --> 00:27:14,440 all came down. You must be lying. No, the inflation 406 00:27:15,519 --> 00:27:19,039 spikes that we saw under Biden have not been erased. 407 00:27:19,720 --> 00:27:24,319 That's the problem. So when the prices come down, they 408 00:27:24,400 --> 00:27:28,000 come down to where that last inflationary spike was and 409 00:27:28,000 --> 00:27:31,160 they're not even coming down. I mean, they've stabilized the 410 00:27:31,200 --> 00:27:33,480 inflation rate. What was the inflation It was something like 411 00:27:33,799 --> 00:27:35,960 two and a half percent or three percent, something like that. 412 00:27:36,319 --> 00:27:39,599 That's the normal rate of inflation. The silent tax driven 413 00:27:39,640 --> 00:27:42,200 by monetary policy and the reckless borrowing that we've been 414 00:27:42,200 --> 00:27:44,160 engaged in for you know, the better part of the 415 00:27:44,200 --> 00:27:46,720 century and the existence of the Federal Reserve and all 416 00:27:46,759 --> 00:27:53,079 of that. But yeah, No, the problem was the massive 417 00:27:53,359 --> 00:28:04,119 infusions of new debt from the the ARP that Democrats 418 00:28:04,200 --> 00:28:07,279 ran through, right, the ARP, but Republicans voted for it 419 00:28:07,279 --> 00:28:10,440 as well. The COVID bailouts, like all of that spending 420 00:28:11,880 --> 00:28:15,599 the build back better, right, all of that spending trillions 421 00:28:15,640 --> 00:28:19,279 of dollars in new spending that we don't have that 422 00:28:19,400 --> 00:28:23,359 drove inflation up by double digits during the Biden administration. 423 00:28:23,559 --> 00:28:27,079 That has not been erased. It has not been erased. 424 00:28:28,640 --> 00:28:33,519 And to Trolley's point, here, Trolley the troll like, that's 425 00:28:34,000 --> 00:28:37,240 to their point. Trump and the Republicans are going to 426 00:28:37,240 --> 00:28:41,799 get wiped out in the midterms if they cannot address 427 00:28:41,960 --> 00:28:47,599 these economic realities, at the very least, the perception that 428 00:28:47,640 --> 00:28:51,640 things have not gotten better, right, They got to get 429 00:28:51,640 --> 00:28:56,839 prices down, Rodney says Pete. All of this can be 430 00:28:56,880 --> 00:29:01,440 wrapped up into one sentence, living outside your means, living 431 00:29:01,440 --> 00:29:03,680 beyond your means. Yeah, you can't work part time at 432 00:29:03,720 --> 00:29:06,920 Starbucks and live at Lake Norman. But today's young crowd 433 00:29:07,160 --> 00:29:09,640 wants that, and they want others to subsidize it so 434 00:29:09,680 --> 00:29:15,440 they can do it right. It's an unrealistic expectation that 435 00:29:16,000 --> 00:29:18,920 people have about the amount of work that they have 436 00:29:19,000 --> 00:29:24,920 to put in in order to realize the benefits and 437 00:29:25,000 --> 00:29:27,640 the amount of time it takes. We are an instant 438 00:29:27,640 --> 00:29:33,920 gratification society. Now that that's part of the expectation problem too. 439 00:29:36,160 --> 00:29:38,799 Seven oh four Numbers says, interesting how even in the 440 00:29:38,880 --> 00:29:41,920 same family, some children have a sense of entitlement and 441 00:29:42,000 --> 00:29:45,240 others do not. Personality must play a part, that said, 442 00:29:45,279 --> 00:29:49,920 I think public education instills a sense of entitlement. Well yeah, 443 00:29:49,960 --> 00:29:53,440 and they are told, you know that the reason why 444 00:29:53,480 --> 00:29:55,640 they are where they are is because somebody else put 445 00:29:55,680 --> 00:29:58,119 them there or is keeping them there. That's part of 446 00:29:58,160 --> 00:30:02,240 this as well. This gets to this lack of gratitude. 447 00:30:02,880 --> 00:30:07,200 It gets to the tendency for interpersonal victimhood, this TIV 448 00:30:07,680 --> 00:30:11,480 personality trait, and when you start seeing yourself as victimized, 449 00:30:12,119 --> 00:30:14,599 it becomes almost impossible to ever break out of that. 450 00:30:17,519 --> 00:30:21,720 People are not being taught that any obstacle is there 451 00:30:21,799 --> 00:30:25,839 for you to overcome. They're being taught that if there's 452 00:30:25,839 --> 00:30:29,039 an obstacle, that's somebody more powerful than you put it 453 00:30:29,119 --> 00:30:34,559 there to prevent you from succeeding, rather than saying, oh, 454 00:30:34,839 --> 00:30:37,680 here's an obstacle, I'll find a way over it, around it, 455 00:30:37,799 --> 00:30:46,680 or through it. Will Richie Rodella, managing editor of Politics 456 00:30:46,680 --> 00:30:49,000 at Fox News, real quick, just to finish his piece 457 00:30:49,079 --> 00:30:51,880 up here before the end of the hour. In nineteen 458 00:30:51,960 --> 00:30:57,039 sixty one, income worked because expectations were lower, families were 459 00:30:57,079 --> 00:31:01,279 more self reliant, and debt was not a lifestyle. You 460 00:31:01,319 --> 00:31:04,480 want one income, you can probably do it, but you 461 00:31:04,599 --> 00:31:08,480 have to live like the people who actually did it. 462 00:31:08,599 --> 00:31:13,319 Not poorer, just simpler and more deliberate. The people of 463 00:31:13,359 --> 00:31:17,319 the past did not have a choice, but you do also, 464 00:31:17,400 --> 00:31:20,319 I would add to that, and that's the conclusion of 465 00:31:20,319 --> 00:31:24,920 his piece there. But I would also add that the 466 00:31:24,960 --> 00:31:28,720 people who were living that lifestyle believed that they were 467 00:31:28,759 --> 00:31:32,039 better off than their parents before them, because they were 468 00:31:32,160 --> 00:31:35,839 in many cases the material goods that they had, that 469 00:31:35,960 --> 00:31:42,680 standard of living, it was better. And thank you. Mark 470 00:31:43,079 --> 00:31:50,000 email to Pete at the petecleanershow dot com. It's bananas, Pete. 471 00:31:50,119 --> 00:31:58,119 That's the acronym build absolutely nothing anywhere near anything. They're 472 00:31:58,160 --> 00:32:01,839 called bananas. You have more control over what your neighbor 473 00:32:01,839 --> 00:32:04,000 does with his land then you do with your own. 474 00:32:04,319 --> 00:32:06,279 Not that you own any land really, it's all loaned 475 00:32:06,279 --> 00:32:08,880 by govcoke. They let you rent it. In this case 476 00:32:08,920 --> 00:32:14,119 they call it property taxes. Right, and Tom says, Pete, 477 00:32:14,119 --> 00:32:16,880 you forgot to d walking to school in the winter 478 00:32:17,440 --> 00:32:21,039 in three feet of snow uphill both ways, right with 479 00:32:21,119 --> 00:32:25,960 new and Tom with newspaper wrapped around your feed for shoes. 480 00:32:27,759 --> 00:32:30,079 All right, that'll do it for this episode. Thank you 481 00:32:30,119 --> 00:32:32,119 so much for listening. I could not do the show 482 00:32:32,160 --> 00:32:34,680 without your support and the support of the businesses that 483 00:32:34,759 --> 00:32:37,839 advertise on the podcast. So if you'd like, please support 484 00:32:37,839 --> 00:32:39,519 them too and tell them you heard it here. You 485 00:32:39,559 --> 00:32:42,160 can also become a patron at my patreon page or 486 00:32:42,279 --> 00:32:45,880 go to thepetecleanershow dot com. Again, thank you so much 487 00:32:45,920 --> 00:32:49,160 for listening, and don't break anything while I'm gone.