1 00:00:24,480 --> 00:00:28,280 Speaker 1: Well, here we are gathered around the old podcast. Welcome 2 00:00:28,320 --> 00:00:32,679 to the podcast on this Thursday. Today, it's the fourth 3 00:00:32,759 --> 00:00:36,399 day of December, year of Our Lord, twenty twenty five. 4 00:00:36,520 --> 00:00:39,600 My name is Tom Sullivan. So we've got a lot 5 00:00:39,679 --> 00:00:42,119 to get to today. I mean, there's it's a pretty 6 00:00:42,159 --> 00:00:51,719 busy Thursday, which speaking of December fourth, Luigi mad Gioni 7 00:00:51,920 --> 00:00:54,399 is or mad gione I put the I put the 8 00:00:54,399 --> 00:00:57,600 e on there. I'm never sure with with those Italian 9 00:00:57,719 --> 00:01:01,000 names like that, but anyway, it was. He's in back 10 00:01:01,039 --> 00:01:05,920 in court again on the pre trial hearing and they're 11 00:01:05,959 --> 00:01:09,319 going over what the judge will allow in when they 12 00:01:09,359 --> 00:01:12,040 actually get to the trial. But the reason I bring 13 00:01:12,079 --> 00:01:16,200 it up first is because it is two things. One. 14 00:01:17,040 --> 00:01:23,959 I literally go buy the exact spot that the United 15 00:01:23,959 --> 00:01:28,079 Healthcare CEO was gunned down outside the Hilton Hotel. I 16 00:01:28,159 --> 00:01:32,680 go buy it every single day. And it was exactly 17 00:01:33,040 --> 00:01:37,439 one year ago today that Luigi got out there six 18 00:01:38,200 --> 00:01:42,799 forty four am in the morning as the CEO was 19 00:01:42,840 --> 00:01:47,120 going to the annual conference they have for Wall Street 20 00:01:47,120 --> 00:01:51,120 people and gunned him down on the streets right outside 21 00:01:51,120 --> 00:01:54,920 of the New York Hilton with cold blood. He not 22 00:01:54,959 --> 00:01:57,879 only shot him in the back, but then he walked 23 00:01:58,000 --> 00:02:01,200 over to where he had fallen and shut him two 24 00:02:01,280 --> 00:02:06,000 more times. So I mean cold blooded. And you've got 25 00:02:06,040 --> 00:02:09,800 these small group of people, but they get all the 26 00:02:09,840 --> 00:02:16,159 media attention, the people that are in love with him 27 00:02:16,159 --> 00:02:20,759 for some reason. Paul Morrow, former NYPD chimed in on 28 00:02:20,840 --> 00:02:21,319 this or. 29 00:02:21,280 --> 00:02:23,400 Speaker 2: In the early stages right now. And the defense attorney 30 00:02:23,520 --> 00:02:26,960 is doing what defense attorneys door, right especially defense attorneys 31 00:02:26,960 --> 00:02:30,319 who are being paid quite well to challenge every aspect 32 00:02:30,319 --> 00:02:31,599 of this thing. So what do you do? You start 33 00:02:31,639 --> 00:02:33,639 at the beginning, and that's why we're getting all of 34 00:02:33,680 --> 00:02:36,280 these challenges to when the police first showed up, right 35 00:02:36,319 --> 00:02:38,800 even to the nine to one one call. The Miranda 36 00:02:38,840 --> 00:02:41,000 stuff is where they always go right away. They want 37 00:02:41,000 --> 00:02:43,400 to get this evidence suppressed, and some of it's quite 38 00:02:43,520 --> 00:02:46,520 key evidence. The good news for the prosecution is the 39 00:02:46,560 --> 00:02:50,759 following The cop was relatively recently graduated from the academy. 40 00:02:51,120 --> 00:02:53,800 Now that sounds like a negative, but it's not, because 41 00:02:53,840 --> 00:02:56,960 he's got all of those procedures and culcated in him. 42 00:02:57,319 --> 00:02:59,840 That sometimes jaded cops kind of let go a little 43 00:02:59,879 --> 00:03:02,680 bit because they take things casually. This guy comes out. 44 00:03:02,719 --> 00:03:04,840 He made sure the body cam was on You see 45 00:03:04,879 --> 00:03:09,159 him asking questions, but he's not interrogating in an intimidating way. 46 00:03:09,479 --> 00:03:11,879 Miranda comes down to the following I remember from the academy. 47 00:03:11,919 --> 00:03:13,639 The guy wrote it on the board, no missing anything, 48 00:03:13,840 --> 00:03:19,240 drill it into you. Custody plus interrogation equals miranda. That's 49 00:03:19,280 --> 00:03:21,479 the formula. So the way they're gonna go is they're 50 00:03:21,479 --> 00:03:23,680 gonna say he was in custody and you interrogated him, 51 00:03:23,719 --> 00:03:26,360 You didn't mirandize them. Prosecution is gonna say he wasn't 52 00:03:26,400 --> 00:03:28,719 in custody. He could have left whenever he wanted, and 53 00:03:28,759 --> 00:03:32,280 we were asking general questions. We weren't interrogating him per se. 54 00:03:32,599 --> 00:03:34,360 That's where the gray area is, and that's what they 55 00:03:34,360 --> 00:03:37,120 got it with you. Yeah, I mean, look, for whatever reason, 56 00:03:37,240 --> 00:03:39,560 bad boys, especially bad boys, will look like a member 57 00:03:39,560 --> 00:03:41,840 of a boy band. They get a lot of support. 58 00:03:42,000 --> 00:03:45,680 History is rife with situations where even really reprehensible serial 59 00:03:45,800 --> 00:03:48,719 killers have people writing to them in jail, I'm in 60 00:03:48,719 --> 00:03:50,879 love with you. This kind of stuff. There's no accounting 61 00:03:50,879 --> 00:03:52,680 for this kind of thing. All I can say is 62 00:03:52,960 --> 00:03:55,719 it's a dead end. The evidence is strong. He's all 63 00:03:55,759 --> 00:03:57,960 but admitted it in some of the statements that he made. 64 00:03:58,439 --> 00:04:00,879 This is gonna end badly for which means it's going 65 00:04:00,919 --> 00:04:03,479 to end badly for his supporters. My advice to him 66 00:04:03,479 --> 00:04:05,319 would be to move on to something more productive. 67 00:04:06,039 --> 00:04:11,919 Speaker 1: So it's been the here, and I imagine by now 68 00:04:12,159 --> 00:04:16,839 Luigi has gotten as used to as far as you 69 00:04:17,040 --> 00:04:22,000 can get used to a correctional facility. He's being held 70 00:04:22,160 --> 00:04:25,800 in the Metropolitan Detention Center over in Brooklyn, and it's 71 00:04:25,879 --> 00:04:31,120 not known for its comfort. So I wonder if he 72 00:04:31,439 --> 00:04:34,959 is brought over to the court in Manhattan, if he 73 00:04:35,040 --> 00:04:38,879 isn't rethinking about the move that he made. Maybe wasn't 74 00:04:39,040 --> 00:04:42,839 the brightest thing he's ever done. So anyway, the hearing 75 00:04:43,319 --> 00:04:46,279 is supposed to last again through tomorrow. I don't know 76 00:04:46,319 --> 00:04:48,639 why it takes so long. It seems like this has 77 00:04:48,639 --> 00:04:50,519 been dragged. I think I got a ton of evidence 78 00:04:51,439 --> 00:04:54,680 the judicial system. I appreciate the fact you want to 79 00:04:54,759 --> 00:04:57,399 be careful, but this is ridiculous. 80 00:04:57,959 --> 00:04:58,120 Speaker 3: Now. 81 00:04:58,160 --> 00:05:02,800 Speaker 1: The other big crime story today, which kind of popped 82 00:05:02,800 --> 00:05:06,959 out from nowhere, is that the police and the FBI 83 00:05:07,639 --> 00:05:12,639 in Washington, d C. Have arrested the suspect who planted 84 00:05:12,759 --> 00:05:19,199 pipe bombs around Washington by the DNC headquarters and by 85 00:05:19,240 --> 00:05:24,319 the RNC headquarters on the night before January sixth. It 86 00:05:24,360 --> 00:05:28,279 was overnight January fifth into the morning of January sixth. 87 00:05:28,680 --> 00:05:31,560 Later that day was the MAGA crowd showed up on 88 00:05:32,600 --> 00:05:36,360 the Capitol and marched through the Capitol. So it was 89 00:05:36,399 --> 00:05:39,879 a big day. But before all of that went down, 90 00:05:40,800 --> 00:05:45,480 they started finding these pipe bombs and they that was yes, 91 00:05:45,680 --> 00:05:50,399 almost five years ago, come January, so they'd been working 92 00:05:50,480 --> 00:05:55,680 it and gradually, slowly but surely, they have identified a 93 00:05:55,759 --> 00:06:00,160 suspect and they arrested him this morning. His name is 94 00:06:00,160 --> 00:06:06,639 is Brian Cole. He's thirty years old, I believe, and 95 00:06:06,720 --> 00:06:11,199 lives in Woodbridge, Virginia, which is just south of Washington, 96 00:06:11,319 --> 00:06:12,759 d C. Here's Cash Patel. 97 00:06:13,120 --> 00:06:16,560 Speaker 4: We did not discover any new information. What we did 98 00:06:16,959 --> 00:06:20,720 an investigation spearheaded by the Deputy Director and the adic 99 00:06:20,759 --> 00:06:23,600 of our Washington Field office, brought in a new team 100 00:06:23,639 --> 00:06:27,439 of investigators and experts, re examined every piece of evidence, 101 00:06:27,800 --> 00:06:31,759 sifted through all the data, something that the prior administration 102 00:06:31,920 --> 00:06:34,839 refused and failed to do. As a result of that, 103 00:06:34,879 --> 00:06:39,439 we generated numerous investigative leads, executed multiple legal process with 104 00:06:39,480 --> 00:06:42,920 their US attorney partners, and came to this conclusion today, 105 00:06:43,240 --> 00:06:46,920 and that is why we were able to safely secure 106 00:06:47,199 --> 00:06:51,560 this individual into custody summer heat. His priority to come 107 00:06:51,600 --> 00:06:54,319 in here and solve it for the American people. 108 00:06:55,319 --> 00:06:57,800 Speaker 1: Yeah, pretty amazing. Do you hear what cash Ptel said? 109 00:06:58,279 --> 00:07:02,519 No new information, They just went over all the old 110 00:07:02,600 --> 00:07:06,160 stuff and came up with They brought in a new team. 111 00:07:06,560 --> 00:07:09,040 And so well, you know, you hear this all the time. 112 00:07:09,079 --> 00:07:11,560 Bring in on these cold cases, bring in fresh eyes. 113 00:07:12,399 --> 00:07:16,480 Paul Morrow again talking about his views on this bust 114 00:07:16,480 --> 00:07:19,000 of this guy and just out of DC today. 115 00:07:19,120 --> 00:07:22,079 Speaker 2: So all the two possibilities that we posited, it looks 116 00:07:22,120 --> 00:07:24,800 like it was b which is there was nothing new. 117 00:07:25,000 --> 00:07:27,879 It was just a set of fresh eyes, a new 118 00:07:27,959 --> 00:07:31,480 task force where everybody got on the same page. And 119 00:07:31,800 --> 00:07:34,120 you know, look, you do have to say to yourself, 120 00:07:34,199 --> 00:07:36,680 after all of this time, what was it that they 121 00:07:36,759 --> 00:07:40,800 found that was so new that allowed them to get 122 00:07:40,879 --> 00:07:44,040 so far on this case relatively quickly? I mean, if 123 00:07:44,079 --> 00:07:47,120 you think about it, the administration here is what now 124 00:07:47,199 --> 00:07:49,519 ten to eleven months old. They probably didn't get going 125 00:07:49,600 --> 00:07:52,120 on this until a few months into it, and yet 126 00:07:52,160 --> 00:07:54,639 they buttoned it up. And so you have to say, ahood, 127 00:07:54,920 --> 00:07:57,720 and yet there is this patina of him being anarchists. 128 00:07:57,720 --> 00:07:59,000 Some of this doesn't quite track. 129 00:07:59,399 --> 00:08:01,560 Speaker 1: They had news conference today, a bunch of the law 130 00:08:01,639 --> 00:08:06,399 enforcement people, and they said, this is under investigation. We'll 131 00:08:06,399 --> 00:08:08,079 give you the name of the guy. We'll give you 132 00:08:08,160 --> 00:08:13,240 the charges, a little bit of the work that they did. 133 00:08:14,040 --> 00:08:18,519 But they're not telling us who this guy is about 134 00:08:18,639 --> 00:08:23,600 why was he planting bombs? The US Attorney for Washington 135 00:08:23,680 --> 00:08:29,560 d C is Jeanine Piro, and the interesting investigative numbers 136 00:08:29,600 --> 00:08:30,199 coming from her. 137 00:08:31,000 --> 00:08:35,120 Speaker 5: Four years, ten months, and twenty eight days ago, an 138 00:08:35,159 --> 00:08:38,320 individual placed a bomb in the vicinity of both the 139 00:08:38,440 --> 00:08:42,320 RNC and the DNC, and for that amount of time, 140 00:08:42,399 --> 00:08:47,679 that individual evaded accountability. Today, as a result of the 141 00:08:48,000 --> 00:08:52,639 cumulative efforts of the men and women in the FBI 142 00:08:52,960 --> 00:08:56,840 and the Police Department and the Department of Justice, we 143 00:08:57,080 --> 00:09:00,960 are finally able to make an arrest of an individual by. 144 00:09:00,840 --> 00:09:02,440 Speaker 4: The name of Brian Cole. 145 00:09:03,399 --> 00:09:08,159 Speaker 5: He is arrested for transporting an explosive device and interstate 146 00:09:08,200 --> 00:09:13,200 commerce as well as the attempted malicious destruction by means 147 00:09:13,240 --> 00:09:17,840 of explosive materials. There were two hundred and thirty three 148 00:09:18,120 --> 00:09:23,399 thousand black end caps of the type that were used 149 00:09:23,399 --> 00:09:26,399 in this case, I want you to think about the 150 00:09:26,440 --> 00:09:30,440 fact that the FBI had to go through the sale 151 00:09:30,440 --> 00:09:34,399 of every one of them to try to find commonality 152 00:09:34,960 --> 00:09:41,080 with an individual. Along with the purchase of the pipe itself, 153 00:09:41,440 --> 00:09:45,159 the cap ends, the wires, the steel, and the nine 154 00:09:45,240 --> 00:09:48,759 volt batteries, every one of those had to be mined 155 00:09:49,120 --> 00:09:53,240 and reminded to the point where we were able to 156 00:09:53,360 --> 00:09:54,279 then connect. 157 00:09:54,840 --> 00:09:59,080 Speaker 1: She didn't use the words AI. Are the about the 158 00:09:59,120 --> 00:10:03,399 initials AI? But apparently and we talked about, well, how 159 00:10:03,440 --> 00:10:06,440 does AI apply anyway? How's it really going to work? 160 00:10:06,759 --> 00:10:11,879 Apparently they they in this case what was different between 161 00:10:11,879 --> 00:10:16,000 now and the same evidence. But AI was able to 162 00:10:16,080 --> 00:10:22,240 go through the hundreds of thousands of pieces of evidence 163 00:10:23,080 --> 00:10:28,840 and make some connection to all of it along with 164 00:10:28,960 --> 00:10:32,559 everything else that they had. AI apparently was a pretty 165 00:10:32,600 --> 00:10:36,519 important part of the investigation that came back around again 166 00:10:36,559 --> 00:10:40,440 almost five years after the event. Steve Moore former not 167 00:10:40,440 --> 00:10:44,240 not the investment guy, the economist guy, Steve more former 168 00:10:44,360 --> 00:10:47,600 FBI guy, did some bomb work. 169 00:10:50,360 --> 00:10:54,039 Speaker 6: The bomb itself or the device itself is going to 170 00:10:54,080 --> 00:10:57,960 give a lot of clues. Obviously, they're going to probably 171 00:10:58,039 --> 00:11:00,720 use gloves things like that, so they don't leave any 172 00:11:00,799 --> 00:11:03,279 kind of fingerprints on it. But every bomb is kind 173 00:11:03,279 --> 00:11:07,559 of our device is kind of like a fingerprint in 174 00:11:07,600 --> 00:11:11,799 and of itself. The person who creates those creates some 175 00:11:11,960 --> 00:11:15,639 in a very specific way that is unique to that person, 176 00:11:16,120 --> 00:11:21,960 and it's it will generally lead you to that person. 177 00:11:22,200 --> 00:11:24,799 Plus the materials they use are traceable. 178 00:11:25,240 --> 00:11:28,840 Speaker 1: Yah. I've heard that before about bombs have signatures to them, 179 00:11:28,840 --> 00:11:31,080 and if you are a bomb maker, you make all 180 00:11:31,159 --> 00:11:34,679 your bombs in a way that has a has a signature. 181 00:11:34,759 --> 00:11:37,679 So now that they've got this guy, they've got him 182 00:11:37,679 --> 00:11:41,840 in custody, and now the rest of it will come 183 00:11:41,879 --> 00:11:44,480 spilling out. But that's all we know. We know his name, 184 00:11:45,360 --> 00:11:49,120 and we know where he lived and what he was 185 00:11:49,200 --> 00:11:53,360 doing planting bombs, and was it related in any way 186 00:11:54,120 --> 00:11:57,759 to the event at the Capitol on January sixth, twenty 187 00:11:57,879 --> 00:12:02,159 twenty one. We don't no, So stand by on that. 188 00:12:02,840 --> 00:12:06,480 So let's get to the drug boat and the big 189 00:12:06,519 --> 00:12:10,399 investigation on what happened in the blowing up of the 190 00:12:10,639 --> 00:12:17,559 drug boat on September. Second, this is getting interesting. There 191 00:12:17,639 --> 00:12:24,440 were the admiral testified behind closed doors with the Senate 192 00:12:24,559 --> 00:12:32,879 Intelligence Committee. Martha Raddits, who was longtime anchor at ABC News, 193 00:12:33,720 --> 00:12:36,320 was doing this story and this is what she came 194 00:12:36,440 --> 00:12:37,759 up with. This is last night. 195 00:12:38,039 --> 00:12:41,360 Speaker 7: According to a source familiar with the incident, the two 196 00:12:41,440 --> 00:12:45,279 survivors climbed back onto the boat after the initial strike. 197 00:12:45,360 --> 00:12:49,039 They were believed to be potentially in communication with others 198 00:12:49,240 --> 00:12:52,519 and salvaging some of the drugs. Because of that, it 199 00:12:52,639 --> 00:12:55,919 was determined they were still in the fight and valid targets. 200 00:12:56,120 --> 00:13:00,279 Speaker 1: Okay, that's ABC News reporting that they were still in 201 00:13:00,320 --> 00:13:02,360 the fight. They climbed back into the boat. There's other 202 00:13:02,399 --> 00:13:04,879 reporting about the fact that they had some sort of 203 00:13:04,960 --> 00:13:08,600 radio and there were other NARCO boats in the area 204 00:13:09,240 --> 00:13:11,159 that they were trying to get to come over to 205 00:13:11,279 --> 00:13:16,559 rescue them, and also to rescue the drugs, to get 206 00:13:16,559 --> 00:13:19,360 them that had been knocked into the water. They were 207 00:13:19,360 --> 00:13:26,879 in bales. Jim Himes, Democrat from Connecticut, is the ranking 208 00:13:26,960 --> 00:13:31,879 member of the Intel Committee in the House. They showed 209 00:13:32,360 --> 00:13:37,200 the full video today to the Intel Committee. He saw 210 00:13:37,240 --> 00:13:39,120 it and this was his reaction. 211 00:13:39,559 --> 00:13:41,039 Speaker 8: What I saw in that room was one of the 212 00:13:41,120 --> 00:13:44,080 most troubling things I've seen in my time in public service. 213 00:13:44,159 --> 00:13:47,000 Any American who sees the video that I saw will 214 00:13:47,039 --> 00:13:51,000 see the United States military attacking shipwrecked sailors. 215 00:13:52,200 --> 00:13:57,759 Speaker 1: Kind of surprises me because Jim Hmes is considered to 216 00:13:57,799 --> 00:14:00,799 be a pretty straight shooter, not a big police wonk. 217 00:14:01,360 --> 00:14:05,759 But this sounds very political because you've also got Tom Cotton, 218 00:14:06,639 --> 00:14:09,759 Senator from Arkansas, who saw it, and this is what 219 00:14:09,840 --> 00:14:10,559 he said. 220 00:14:10,759 --> 00:14:14,320 Speaker 3: The first strike, the second strike, and the third and 221 00:14:14,360 --> 00:14:20,840 the fourth strike on September second were entirely lawful and needful. 222 00:14:20,919 --> 00:14:25,720 I saw two survivors trying to flip a boat loaded 223 00:14:25,759 --> 00:14:28,960 with drugs down for the United States back over so 224 00:14:29,000 --> 00:14:31,639 they could stay in the fight and potentially give them 225 00:14:31,639 --> 00:14:34,600 to all the contacts. We heard of other narco terrorist 226 00:14:34,679 --> 00:14:37,559 boats in the area coming to their aid to recover 227 00:14:37,639 --> 00:14:40,559 their carero and recover those Narco terrorists. 228 00:14:40,799 --> 00:14:45,159 Speaker 1: I'm Cotton is a veteran was in the Iraq War. 229 00:14:46,159 --> 00:14:49,960 I don't know who to believe. They both seem like 230 00:14:49,960 --> 00:14:55,759 they're fairly honorable men. At the same time. I know 231 00:14:55,919 --> 00:14:59,320 that Jim Himes said he was asked the question do 232 00:14:59,360 --> 00:15:02,679 you think that the video tape should be released? And 233 00:15:02,720 --> 00:15:05,960 he said yes, And President Trump has said go ahead 234 00:15:06,000 --> 00:15:09,639 and release whatever you want to release. So I'm starting 235 00:15:09,679 --> 00:15:11,559 to suspect that this is going to come down to, 236 00:15:11,639 --> 00:15:14,879 first of all war is ugly, and battles are ugly, 237 00:15:15,080 --> 00:15:20,600 and soldiers getting killed. Nobody likes to see anybody getting killed, 238 00:15:20,600 --> 00:15:23,279 So it's going to be ugly. But the question is 239 00:15:23,320 --> 00:15:26,200 where they still combatants? Were they still in the fight, 240 00:15:27,399 --> 00:15:29,960 because a lot of veterans are saying, this is what 241 00:15:30,000 --> 00:15:33,840 we do. And did you hear Tom Cotton say the second, 242 00:15:34,159 --> 00:15:39,480 the third, and the fourth we're all legit. So we 243 00:15:39,480 --> 00:15:42,320 were talking about the two strikes. Now we're apparently there's 244 00:15:42,399 --> 00:15:47,799 four strikes. Mark Theeson wrote a piece in the Washington 245 00:15:47,799 --> 00:15:48,799 Post today about it. 246 00:15:48,840 --> 00:15:51,039 Speaker 9: Here's Mark cars Pete. HEGKSAF with the war's crime. Better 247 00:15:51,039 --> 00:15:54,600 start with Barack Obama. Barack Obama had a drone campaign. 248 00:15:54,639 --> 00:15:59,200 He fired five hundred and sixty drone strikes, killed not 249 00:15:59,240 --> 00:16:02,000 just terrorists, but killed an American citizen on Mura Alackey 250 00:16:02,559 --> 00:16:05,000 did it on the ground for violating sovereignty instead of 251 00:16:05,000 --> 00:16:08,080 in international waters. And he regularly did what are called 252 00:16:08,120 --> 00:16:10,960 double tap and even triple tap strikes. I interviewed David 253 00:16:11,000 --> 00:16:13,440 shad who on my podcast What the Hell is going 254 00:16:13,440 --> 00:16:16,759 On Today, who was the head of the Defense Intelligence 255 00:16:16,799 --> 00:16:20,080 Agency under Obama, and he said, we did double tap 256 00:16:20,120 --> 00:16:22,120 strikes all of the time. In fact, we usually had 257 00:16:22,120 --> 00:16:25,679 a second predator in the sky waiting for the intelligence 258 00:16:25,720 --> 00:16:27,639 to clear to see if there were any survivors so 259 00:16:27,639 --> 00:16:29,720 we could take them out. So this was a regular 260 00:16:29,720 --> 00:16:33,159 practice under the Obama administration because they were going after terrorists. 261 00:16:33,159 --> 00:16:36,759 Trump has declared these people for foreign terrorist organizations. He's 262 00:16:36,840 --> 00:16:38,759 using the same authority as the Obama administrator. 263 00:16:38,840 --> 00:16:41,519 Speaker 1: Again, I'm starting to get a sense that I don't 264 00:16:41,519 --> 00:16:44,360 know if Jim Himes ever spent a day in the military. 265 00:16:44,399 --> 00:16:48,559 He may have. I don't know, but I do know 266 00:16:48,639 --> 00:16:52,080 that with the Dan Crenshaw cut that we played yesterday, 267 00:16:52,200 --> 00:16:55,559 Dan was a Sealed Team member before he was a 268 00:16:55,559 --> 00:17:01,519 member of Congress, and he said, yes, when you attack 269 00:17:02,120 --> 00:17:05,359 a building, a car, or whatever it might be, and 270 00:17:05,759 --> 00:17:07,720 there are people there, do you kill them? 271 00:17:07,799 --> 00:17:08,000 Speaker 6: Yes? 272 00:17:08,039 --> 00:17:08,240 Speaker 10: You do. 273 00:17:09,200 --> 00:17:12,279 Speaker 1: So the veterans seem to be looking at this going 274 00:17:12,400 --> 00:17:18,920 that's standard operating procedure. Major Mike Lyons is obviously a veteran. 275 00:17:19,920 --> 00:17:23,319 His impression about what has heard so far is. 276 00:17:23,279 --> 00:17:27,839 Speaker 11: This, so they survive the initial tack, they were going 277 00:17:27,880 --> 00:17:31,680 to continue to try to somehow move those drugs. Does 278 00:17:31,680 --> 00:17:33,440 that justify the second strike? 279 00:17:33,519 --> 00:17:33,799 Speaker 8: Major? 280 00:17:33,920 --> 00:17:36,200 Speaker 12: I think that the audio and video will tell the 281 00:17:36,200 --> 00:17:38,720 whole story on this and another reports that are leaking 282 00:17:38,720 --> 00:17:40,920 out on a lot of different ways, as the White 283 00:17:40,920 --> 00:17:42,359 House and the Pentagon trying to get in front of 284 00:17:42,400 --> 00:17:44,319 the story. But I just have a hard time believing 285 00:17:44,359 --> 00:17:47,519 Admiral Bradley committed a war crime. We would not fire 286 00:17:47,559 --> 00:17:51,680 to health fire missiles, especially at just individuals in the water. 287 00:17:51,960 --> 00:17:54,000 There must have been a target there. There must have 288 00:17:54,039 --> 00:17:57,920 been something that the admiral thought that would be a threat. 289 00:17:58,480 --> 00:18:01,079 It was maybe the materi that was floating around, or 290 00:18:01,119 --> 00:18:04,920 maybe they didn't get the entire ship, and from that perspective, 291 00:18:04,920 --> 00:18:08,759 that's likely what they'll say. It didn't violate that law 292 00:18:08,799 --> 00:18:11,759 of land warfare. So again, I'm confident that the admiral 293 00:18:11,799 --> 00:18:14,359 did not commit a war crime. I think it's important 294 00:18:14,400 --> 00:18:15,880 that they speak to it, and I think that it's 295 00:18:15,920 --> 00:18:18,000 good General Kine is there as well, I think, to 296 00:18:18,039 --> 00:18:20,880 protect the joint forces here. I think it does bring 297 00:18:20,960 --> 00:18:23,039 up this point about there might be some ambiguity about 298 00:18:23,039 --> 00:18:25,920 what's going on between the Secretary of Defense though and 299 00:18:26,799 --> 00:18:29,440 the Special Operations Command, and I think maybe we'll try 300 00:18:29,440 --> 00:18:30,480 to get that fixed as well. 301 00:18:30,599 --> 00:18:33,079 Speaker 1: Yeah, what he's talking about there, and this is where 302 00:18:33,680 --> 00:18:39,160 haig Seth is got some answers to come up with 303 00:18:39,319 --> 00:18:42,480 because or to clear up some of his answers. At first, 304 00:18:42,519 --> 00:18:45,960 he was asked about this this event, and he denied 305 00:18:45,960 --> 00:18:49,519 that it happened, and then came back later and had 306 00:18:49,720 --> 00:18:53,240 another story saying, well, it happened, but it was not 307 00:18:53,319 --> 00:18:55,319 a war crime. And then he said, well it happened, 308 00:18:55,359 --> 00:18:59,160 but I wasn't there for the second shot, and well 309 00:18:59,440 --> 00:19:01,519 where were you? What I mean, They're going to have 310 00:19:01,599 --> 00:19:06,319 to ask him more specifically about his role. But there's 311 00:19:06,359 --> 00:19:08,759 a lot of people, and this is where this may 312 00:19:08,799 --> 00:19:11,000 come down. A lot of people. I told you this 313 00:19:11,079 --> 00:19:13,799 the other day. They don't like Donald Trump, and they 314 00:19:14,119 --> 00:19:18,319 certainly don't like Pete haig Seth. And so there's going 315 00:19:18,400 --> 00:19:19,599 to be a group of people that are going to 316 00:19:19,640 --> 00:19:22,240 go after hag Seth. There's only one person that at 317 00:19:22,240 --> 00:19:25,160 this point really counts, and that is the President. In 318 00:19:25,200 --> 00:19:29,480 so far, the President appears to be on the surface, 319 00:19:29,519 --> 00:19:33,000 at least supporting Pete haig Seth. How about the drugs 320 00:19:33,240 --> 00:19:38,839 that are coming in from Venezuela. Terry Cole has been. 321 00:19:39,400 --> 00:19:40,559 Speaker 2: A career. 322 00:19:42,160 --> 00:19:46,279 Speaker 1: Drug enforcement DEA guy and has so he's been on 323 00:19:47,039 --> 00:19:49,440 the ground his boots have been on the ground. He's 324 00:19:49,480 --> 00:19:53,240 now the head of the DEA. He was asked about 325 00:19:53,279 --> 00:19:58,039 this whole business of the drugs coming from Venezuela. 326 00:19:57,200 --> 00:20:01,519 Speaker 13: And this is all about saving American citizens and protecting 327 00:20:02,079 --> 00:20:05,680 our national security. And I just want to reiterate, in 328 00:20:05,720 --> 00:20:09,319 the last twenty four hours, the last twenty four hours, 329 00:20:10,119 --> 00:20:15,240 our host nation counterparts, our Federal Task Force have seized 330 00:20:15,519 --> 00:20:20,640 twenty thousand kilos of cocaine that were destined for the 331 00:20:20,720 --> 00:20:24,240 United States, destined to the United States to spread this 332 00:20:24,440 --> 00:20:28,920 poison that's being sent here by these foreign terrorist cartels 333 00:20:29,480 --> 00:20:30,839 that are preying on our kids. 334 00:20:32,039 --> 00:20:35,759 Speaker 1: Well, let's go back to Jim Heins, the congressman who 335 00:20:35,799 --> 00:20:39,000 says that there's no such thing as a narco terrorist. 336 00:20:39,839 --> 00:20:41,920 Speaker 8: There is no such thing as a narco terrorist. 337 00:20:42,039 --> 00:20:46,960 Speaker 14: There are very very bad narcotics people, cartels, etc. But 338 00:20:47,039 --> 00:20:49,279 they're desperate to make this look like it's ISIS or 339 00:20:49,279 --> 00:20:51,759 a La Kaida, because that's the very thin line on 340 00:20:51,799 --> 00:20:55,640 which they're illegal use of the United States military to 341 00:20:55,680 --> 00:20:57,319 take these people out resides. 342 00:20:57,839 --> 00:20:59,720 Speaker 1: So you see where they're going with this, and they're 343 00:20:59,759 --> 00:21:05,640 going to find themselves walking into a corner. Because I 344 00:21:05,720 --> 00:21:09,559 don't think other than illegal drug users who are buying 345 00:21:09,599 --> 00:21:12,920 cocaine and fentanyl. Everybody else in this country I think 346 00:21:12,960 --> 00:21:15,960 would like to put a stop to the drugs coming 347 00:21:16,000 --> 00:21:19,519 into our nation, the illegal drugs that are killing a 348 00:21:19,599 --> 00:21:24,480 lot of people. Now, granted they voluntarily took these illegal drugs, 349 00:21:24,519 --> 00:21:29,720 most of them, but still the idea of we have 350 00:21:29,839 --> 00:21:32,440 been going after the drug dealers for as long as 351 00:21:32,480 --> 00:21:37,359 I've been alive, and we haven't really won the drug war, 352 00:21:37,440 --> 00:21:41,160 have we. So now for the first time we're actually 353 00:21:41,200 --> 00:21:44,480 going after these people. Are the Democrats led by Jim 354 00:21:44,559 --> 00:21:48,319 Himes going to say they're not so bad? Why are 355 00:21:48,359 --> 00:21:49,839 you so upset about all this? 356 00:21:51,039 --> 00:21:54,160 Speaker 13: Here's Terry Cole So, how many more Americans need to 357 00:21:54,200 --> 00:21:57,119 die at the hands of the cartels? How many more 358 00:21:57,319 --> 00:22:01,839 cartel members are going to kill American citizens before we 359 00:22:01,920 --> 00:22:06,599 treat them like terrorists? They are terrorist, They're causing terror. 360 00:22:07,240 --> 00:22:11,799 They're coming at us from every different angle, and we 361 00:22:11,880 --> 00:22:14,759 need to put a stop to the cartels and their 362 00:22:14,799 --> 00:22:18,200 dominance when it comes to sending this poison to the 363 00:22:18,319 --> 00:22:20,799 United States. Well, I think you're going to see a 364 00:22:20,839 --> 00:22:23,599 shift and a lift on their part. They're going to 365 00:22:23,640 --> 00:22:25,920 go to the areas where they deem it easier to 366 00:22:25,920 --> 00:22:29,359 send their narcotics and then listen. They do not want 367 00:22:29,400 --> 00:22:33,279 to deal with the US military. They are scared, they 368 00:22:33,279 --> 00:22:36,400 are petrified. They are running, and we have them on 369 00:22:36,400 --> 00:22:39,160 the run. We need to continue to apply as much 370 00:22:39,200 --> 00:22:43,079 pressure as possible from a federal law enforcement standpoint, from 371 00:22:43,119 --> 00:22:47,000 a coalition standpoint, we need to empower our host nations 372 00:22:47,039 --> 00:22:51,839 to continue on the offensive against these cartels because we 373 00:22:51,920 --> 00:22:55,359 are destined to win this. We cannot lose this. We 374 00:22:55,400 --> 00:22:57,519 are going to win this. We are going to save Americans, 375 00:22:57,880 --> 00:23:00,519 We're going to protect our national security, and we are 376 00:23:00,519 --> 00:23:03,799 going to hold these foreign terrorsts accountable for their actions. 377 00:23:04,599 --> 00:23:06,599 We are getting closer, but we have a lot of 378 00:23:06,640 --> 00:23:09,720 work to do. This is about saving kids, This is 379 00:23:09,759 --> 00:23:13,240 about educating the public. This is about prevention, but this 380 00:23:13,359 --> 00:23:16,319 is also about enforcement. People need to be held accountable 381 00:23:16,400 --> 00:23:19,440 for their actions. We cannot continue to sit back and 382 00:23:19,519 --> 00:23:23,559 allow these cartels to sell this poison in our country 383 00:23:23,640 --> 00:23:26,440 and kill our kids. This is the number one priority 384 00:23:26,759 --> 00:23:31,720 of DEA. Currently, we are back to global operations, global 385 00:23:31,839 --> 00:23:35,960 enforcement and allowing our agents that are on the street 386 00:23:36,160 --> 00:23:37,720 every single day to do their job. 387 00:23:37,839 --> 00:23:38,680 Speaker 3: We have their back. 388 00:23:39,000 --> 00:23:41,640 Speaker 13: They know their president has their back, We know the 389 00:23:41,680 --> 00:23:44,440 Attorney General has their back, and now that you have 390 00:23:44,519 --> 00:23:47,799 two agents back in charge at DEA, we have their back. 391 00:23:47,920 --> 00:23:49,039 We are on the offensive. 392 00:23:49,599 --> 00:23:53,279 Speaker 1: So now it depends upon if the Democrats are going 393 00:23:53,359 --> 00:23:58,440 to try to stop the government, the Trump administration from 394 00:23:58,519 --> 00:24:03,680 going after these narco drug boats and where else. They're 395 00:24:03,839 --> 00:24:07,759 going to try and do something different than every administration 396 00:24:07,839 --> 00:24:10,920 has done for the last fifty years. And as a result, 397 00:24:10,960 --> 00:24:14,079 the car tells just keep growing and getting stronger. There's 398 00:24:14,119 --> 00:24:19,480 billions of dollars involved. So we'll see whether or not 399 00:24:19,599 --> 00:24:22,079 the Trump administration is going to keep the pedal to 400 00:24:22,119 --> 00:24:26,440 the medal on going after these drug narco people. Oh, 401 00:24:26,480 --> 00:24:28,880 let's talk to the economy for a little bit. We've 402 00:24:28,920 --> 00:24:32,240 got a couple of polls that are out. We've got 403 00:24:33,200 --> 00:24:36,839 an announcement today that in the first eleven months of 404 00:24:36,839 --> 00:24:44,359 this year through November, one point one million layoffs were announced. 405 00:24:44,359 --> 00:24:47,000 One point one million people lost their jobs in the 406 00:24:47,039 --> 00:24:49,920 first eleven months of this year. That is up fifty 407 00:24:50,000 --> 00:24:55,079 four percent over the previous year. Harry Anton has looked 408 00:24:55,119 --> 00:24:59,079 into exactly what the story is about job. 409 00:24:59,480 --> 00:25:01,960 Speaker 10: It's rough out there. That's how folks feel about it. 410 00:25:02,000 --> 00:25:04,640 Is rough. Rough, rough, I mean just take a look here, 411 00:25:04,920 --> 00:25:07,839 good time to find a quality job among US employees. 412 00:25:08,160 --> 00:25:10,319 You go back three and a half years ago. Look 413 00:25:10,319 --> 00:25:13,000 at this, It was the clear majority, seventy percent. Remember 414 00:25:13,039 --> 00:25:15,079 there was all that talk about quiet quitting. Oh I'm 415 00:25:15,079 --> 00:25:17,920 gonna leave my job, I'll find another one. No longer 416 00:25:17,920 --> 00:25:20,079 do we feel that's the case. Look at this. That 417 00:25:20,240 --> 00:25:22,160 is a drop of more than half, down to just 418 00:25:22,200 --> 00:25:25,079 thirty three percent in the latest reading of Gallop back 419 00:25:25,119 --> 00:25:28,599 in August of twenty twenty five. The bottom line is, 420 00:25:28,680 --> 00:25:31,119 three years ago, we were dealing with what Americans thought 421 00:25:31,200 --> 00:25:33,640 was a good job market. Now they think it is 422 00:25:33,680 --> 00:25:36,119 a terrible job market for those who are trying to 423 00:25:36,119 --> 00:25:38,279 get out and potentially get a job. If you see 424 00:25:38,279 --> 00:25:41,720 this drop of more than half, this slide won't surprise you. 425 00:25:41,759 --> 00:25:45,119 I mean Trump's net approval rating on jobs and employment. 426 00:25:45,359 --> 00:25:48,559 In January he was at plus nine points. Hey, hey, hey, 427 00:25:48,599 --> 00:25:51,200 pretty gosh darn good, well above water. But look at 428 00:25:51,200 --> 00:25:53,559 this now, look at this. Now, that is a drop 429 00:25:53,599 --> 00:25:56,519 of nearly thirty points. And over the course of his 430 00:25:56,640 --> 00:25:59,359 presiden see the minus nineteen points. And then my little 431 00:25:59,440 --> 00:26:02,960 nugget down here, he's at minus thirty five points on 432 00:26:03,000 --> 00:26:06,079 the net approval righting, yah, will zoom right in with independence. 433 00:26:06,319 --> 00:26:09,119 So look, the bottom line is this on jobs and employment, 434 00:26:09,160 --> 00:26:11,160 it was a plus for Trump coming in. It was 435 00:26:11,160 --> 00:26:13,000 one of the reasons they got elected. And now it 436 00:26:13,079 --> 00:26:16,599 is a massive, massive negative, in large part because it's 437 00:26:16,680 --> 00:26:18,319 just tough to get a job out there, according to 438 00:26:18,359 --> 00:26:20,200 those who are trying to do so. Yeah, your four 439 00:26:20,240 --> 00:26:22,079 oh one k is doing pretty gosh darn well, But 440 00:26:22,119 --> 00:26:24,720 that's not what Americans look to in terms of judging 441 00:26:24,799 --> 00:26:27,359 the economy. I mean ways to judge the economy is good. 442 00:26:27,839 --> 00:26:30,759 Thirty seven percent say the stock market. That's well less 443 00:26:30,759 --> 00:26:33,720 than the majority, the clear majority, fifty four percent say 444 00:26:33,720 --> 00:26:37,039 the jobs report, the unemployment numbers. That's the way they 445 00:26:37,119 --> 00:26:39,319 judge whether or not the economy is good when it 446 00:26:39,359 --> 00:26:42,839 comes to those national metrics. So the jobs reports potentially 447 00:26:42,880 --> 00:26:48,000 being bad, that is far, far, far more important and 448 00:26:48,079 --> 00:26:50,160 far more devastating to the president. He can't just point 449 00:26:50,200 --> 00:26:52,559 to the stock market, because when you have ADP numbers 450 00:26:52,559 --> 00:26:55,039 like we had coming out this week, that's a massive 451 00:26:55,039 --> 00:26:57,119 negative in the minds of the va Okay, so you 452 00:26:57,160 --> 00:26:59,200 know what, we had, the ADP, but of course we'll 453 00:26:59,240 --> 00:27:02,319 be getting and a little bit time the actual numbers 454 00:27:02,319 --> 00:27:05,319 from the US government on this and the chance November's 455 00:27:05,400 --> 00:27:08,240 unemployment rate, according to the prediction market odds, is above 456 00:27:08,279 --> 00:27:11,640 the previous four point four percent seventy percent chance that 457 00:27:11,680 --> 00:27:14,440 we have a worse unemployment rate and the next jobs 458 00:27:14,480 --> 00:27:17,480 report coming out than what we previously had. That's where 459 00:27:17,480 --> 00:27:19,359 people were putting their money where their mouth is. And 460 00:27:19,400 --> 00:27:20,880 it's not much of a surprise when you have that 461 00:27:20,960 --> 00:27:23,839 ADP number coming out like we did earlier on because 462 00:27:23,880 --> 00:27:25,839 right now it just looks rough out there. 463 00:27:26,759 --> 00:27:30,359 Speaker 1: Well, let's talk about the ADP number, because it wasn't negative. 464 00:27:30,440 --> 00:27:34,640 They said they were thirty two thousand jobs lost, no gains. 465 00:27:34,720 --> 00:27:36,880 It was the thirty minus thirty two thousand in the 466 00:27:36,880 --> 00:27:42,000 month of November. ADP does a good job, but it's 467 00:27:42,119 --> 00:27:47,000 not ever. You can't ever count on that being the 468 00:27:47,039 --> 00:27:51,160 same as the government jobs report. Sometimes they are, other 469 00:27:51,279 --> 00:27:53,640 times they're not. So the fact that it was a 470 00:27:53,680 --> 00:27:58,400 minus thirty two thousand, okay, but let's wait for the 471 00:27:58,519 --> 00:28:03,039 For the first the government's compiling the numbers again, and 472 00:28:03,640 --> 00:28:06,359 instead of the first Friday of the month, which is tomorrow, 473 00:28:06,799 --> 00:28:09,839 they have delayed the release of the jobs report for 474 00:28:09,880 --> 00:28:15,839 the month of November until Tuesday, December sixteenth, So a 475 00:28:15,960 --> 00:28:20,160 week from next Tuesday we finally get our first government 476 00:28:20,279 --> 00:28:27,039 jobs report. Now, the other calendar item is before that. 477 00:28:28,200 --> 00:28:33,119 Next Tuesday and Wednesday, the Fed meets and they're going 478 00:28:33,160 --> 00:28:35,400 to try to decide what to do about interest rates. 479 00:28:35,440 --> 00:28:39,839 And the bet is very high in the prediction markets 480 00:28:40,440 --> 00:28:44,680 that the Fed will cut another quarter of a percent. 481 00:28:44,799 --> 00:28:48,720 Everybody would be surprised if they don't. So Tuesday and 482 00:28:48,720 --> 00:28:51,559 Wednesday of next week we find out on Wednesday afternoon 483 00:28:51,920 --> 00:28:55,359 what the Fed's going to do. Then the following Tuesday, 484 00:28:55,839 --> 00:29:01,319 the government comes out with their jobs report. Kevin Hassett, 485 00:29:01,519 --> 00:29:05,200 the head of the Council Economic Advisors to the President, 486 00:29:05,759 --> 00:29:09,559 and the betting favored on the being the next FED 487 00:29:09,759 --> 00:29:14,119 chair Where it reacted to all of this about what 488 00:29:14,279 --> 00:29:15,680 Henry was talking about. 489 00:29:15,480 --> 00:29:19,799 Speaker 15: Well, don't don't forget that there's hires and there's fires, 490 00:29:19,880 --> 00:29:23,680 and there's you know, separations and new jobs, and so 491 00:29:23,960 --> 00:29:27,480 net job creation for the year is very positive, but 492 00:29:27,839 --> 00:29:30,319 you know, the flow of jobs in it out is 493 00:29:30,359 --> 00:29:32,759 a little bit higher. There's a little bit more turnover. 494 00:29:32,839 --> 00:29:35,359 A lot of times that could happen because people feel 495 00:29:35,359 --> 00:29:37,079 like they're actually able to get another job. 496 00:29:37,119 --> 00:29:38,359 Speaker 6: If they leave this job. 497 00:29:38,599 --> 00:29:40,680 Speaker 15: What we really need, though, is we've got a little 498 00:29:40,680 --> 00:29:43,519 bit of a dark period because of the government shutdown. 499 00:29:43,519 --> 00:29:45,920 We don't have the job's data for a couple of months. 500 00:29:46,000 --> 00:29:47,839 We'll get them in a few weeks and then we'll 501 00:29:47,839 --> 00:29:49,720 have a clearer picture on this. The thing that was 502 00:29:49,759 --> 00:29:52,400 a real puzzle going back to the first half of 503 00:29:52,440 --> 00:29:55,640 the year is that while employers were saying that the 504 00:29:55,759 --> 00:29:59,440 job creation was somewhat tepid, in the household survey, where 505 00:29:59,559 --> 00:30:01,799 you just asked people have a job, we had two 506 00:30:01,880 --> 00:30:04,640 hundred and eighty thousand jobs, for example, in August. And 507 00:30:04,759 --> 00:30:07,359 given that the GDP numbers are saying that we're growing 508 00:30:07,400 --> 00:30:10,680 at four percent, there's something of a puzzle if the 509 00:30:10,720 --> 00:30:12,559 household number is not the right number. And so I 510 00:30:12,599 --> 00:30:14,359 still I'm kind of hoping that I'm going to believe 511 00:30:14,359 --> 00:30:15,400 more in the household number. 512 00:30:15,599 --> 00:30:18,640 Speaker 1: So we'll see. But Harry was talking about the fact 513 00:30:18,640 --> 00:30:25,160 that especially independents are losing faith in the economic stewardshift 514 00:30:25,680 --> 00:30:27,880 of the president. Here's Kevin. 515 00:30:28,079 --> 00:30:29,119 Speaker 3: Now, he absolutely is not. 516 00:30:29,279 --> 00:30:31,839 Speaker 15: And you know, the President has talked about the affordability hoax, 517 00:30:31,880 --> 00:30:33,559 and I want to talk about what he means when 518 00:30:33,559 --> 00:30:36,119 he says that the fact is that inflation went up 519 00:30:36,119 --> 00:30:38,519 almost to ten percent one year with Joe Biden, over 520 00:30:38,559 --> 00:30:41,559 twenty percent as you know over the four years, and 521 00:30:41,960 --> 00:30:44,119 right now the inflation rate is running maybe at about 522 00:30:44,119 --> 00:30:46,839 a two and a half percent rate. But people lost 523 00:30:46,839 --> 00:30:49,400 dot average about three thousand dollars worth of purchasing power 524 00:30:49,440 --> 00:30:53,119 because of Joe Biden's inflationary policies. And while we're making 525 00:30:53,160 --> 00:30:55,039 a lot of progress. So as you mentioned that, we 526 00:30:55,079 --> 00:30:57,599 had all the CEOs of the car dealerships in the Oval. 527 00:30:57,599 --> 00:30:59,039 I was in there in the Oval with the President 528 00:30:59,119 --> 00:31:01,799 yesterday talking about all the things that they're doing to 529 00:31:01,799 --> 00:31:03,720 make it so that cars will be cheaper next year. 530 00:31:03,880 --> 00:31:06,960 We've gotten all the above approach that is definitely going 531 00:31:07,000 --> 00:31:10,640 to make things inflation lower and things cheaper. But don't 532 00:31:10,640 --> 00:31:12,680 forget that it's not just what happens to prices, but 533 00:31:12,720 --> 00:31:15,480 what happens to wages. And so far after losing three 534 00:31:15,559 --> 00:31:18,880 thousand dollars in purchasing power after Joe Biden already this 535 00:31:18,960 --> 00:31:22,640 year in Trump's economy, then people have gained twelve hundred 536 00:31:22,640 --> 00:31:25,480 dollars in purchasing power because of the moves that we're making. 537 00:31:25,599 --> 00:31:27,599 Speaker 1: I've heard Kevin talking about this a number of times. 538 00:31:28,640 --> 00:31:31,519 So during the four years of the Biden administration, you 539 00:31:31,559 --> 00:31:34,599 and I lost three thousand dollars worth of purchasing power, 540 00:31:35,559 --> 00:31:40,200 and you feel it. That's why, Yes, prices are up, 541 00:31:41,119 --> 00:31:44,240 they came, well, they're still up. They just the inflation 542 00:31:44,359 --> 00:31:49,599 has moderated, but prices haven't, as an overall number, haven't 543 00:31:49,680 --> 00:31:54,960 really been reduced. So with the fact that you can't 544 00:31:55,000 --> 00:31:57,559 buy as much because the prices are higher, but it's 545 00:31:57,599 --> 00:32:00,720 really you can't buy as much because you're purchase power 546 00:32:01,440 --> 00:32:04,839 is less down by three thousand dollars. And what Kevin 547 00:32:04,920 --> 00:32:07,799 keeps repeating is that number about the fact that we 548 00:32:07,880 --> 00:32:11,160 have earned back twelve hundred of the three thousand in 549 00:32:11,240 --> 00:32:15,079 the so far this year. So they've got to hurry 550 00:32:15,160 --> 00:32:17,319 up and make sure that they can make people feel 551 00:32:17,440 --> 00:32:22,119 better about their wallets by the time mid year elections 552 00:32:22,160 --> 00:32:26,079 come around next fall. And part of that starts with 553 00:32:26,240 --> 00:32:30,599 the getting back to getting good economic data again. 554 00:32:30,960 --> 00:32:32,839 Speaker 15: Well, one of the things that we've seen and we've 555 00:32:32,839 --> 00:32:34,960 studied over the last couple of weeks is that when 556 00:32:35,000 --> 00:32:37,400 there's a government shut down, then the things that we 557 00:32:37,680 --> 00:32:40,480 economists call the soft data, the survey data, tend to 558 00:32:40,559 --> 00:32:43,160 really really tank because everyone's in a terrible mood because 559 00:32:43,680 --> 00:32:45,599 Washington can't work and the government shut down, and they're 560 00:32:45,640 --> 00:32:47,440 worried about how bad it's going to be. But the 561 00:32:47,480 --> 00:32:50,240 hard data are what do people actually do with their lives, 562 00:32:50,240 --> 00:32:53,039 with their pocketbooks? And so for example, we just saw 563 00:32:53,200 --> 00:32:55,720 the best Black Friday ever, you know, people went out 564 00:32:55,720 --> 00:32:58,480 getting ready for the Christmas holiday shopping season. Feeling very 565 00:32:58,559 --> 00:33:01,720 very optimistic about the economy as we go into next year. 566 00:33:01,759 --> 00:33:04,039 Don't forget that all the people who have no tax 567 00:33:04,079 --> 00:33:07,119 on tips, no tax on social Security, who are going 568 00:33:07,160 --> 00:33:09,079 to be able to deduct the interest on their car 569 00:33:09,160 --> 00:33:11,720 loan if they buy a car, all those things are 570 00:33:11,839 --> 00:33:14,200 kicking in big time as we go into next year. 571 00:33:14,240 --> 00:33:17,079 That's why Secretary Vesset and I are both very confident 572 00:33:17,079 --> 00:33:18,400 that we're going to be looking at growth in the 573 00:33:18,400 --> 00:33:20,000 four numbers for the first half of next year. 574 00:33:20,079 --> 00:33:23,400 Speaker 1: So they are optimistic about twenty twenty six. But I 575 00:33:23,440 --> 00:33:27,799 don't know. Part of it is their economist, at least 576 00:33:27,880 --> 00:33:31,519 Kevin is part of it is they're hoping and praying 577 00:33:31,920 --> 00:33:35,640 for their political futures that things will get better. Besides 578 00:33:35,680 --> 00:33:40,079 you and me hoping that things get economically better, I 579 00:33:40,119 --> 00:33:42,559 do need to correct Kevin on a couple of things. 580 00:33:42,599 --> 00:33:45,359 I really have great respect for him. But there's no 581 00:33:45,480 --> 00:33:49,279 tax on tips, that's real. The no tax on Social 582 00:33:49,359 --> 00:33:54,160 Security is not technically right. There will be a tax. 583 00:33:54,400 --> 00:33:57,839 There's a deduction that's going to be added for some 584 00:33:58,000 --> 00:34:00,720 people that are on Social Security the law. The income 585 00:34:00,759 --> 00:34:03,960 you have, the more you can make a deduction. But 586 00:34:04,079 --> 00:34:07,079 it's about I think a six thousand dollars deduction gets 587 00:34:07,119 --> 00:34:09,559 phased out if you make too much money. But there 588 00:34:09,559 --> 00:34:15,519 will be a tax on some Social Security. So no 589 00:34:15,679 --> 00:34:19,639 tax on overtime, that's easy to do. So there's still 590 00:34:19,800 --> 00:34:21,639 I mean, I know he doesn't want to get into 591 00:34:21,679 --> 00:34:24,400 the weeds on this stuff, but when you hear that 592 00:34:24,599 --> 00:34:26,760 just kind of get a John to die for just 593 00:34:26,800 --> 00:34:30,559 a moment. As far as will the economy improve before 594 00:34:30,599 --> 00:34:34,320 the midterms next year, we don't know. We'll have to 595 00:34:34,320 --> 00:34:38,559 wait and see if all these policy policies that they 596 00:34:38,599 --> 00:34:42,840 put in place actually do have an economic benefit. Speaking 597 00:34:43,079 --> 00:34:47,599 of economic benefits, how did the Wall Street folks do today? Well, 598 00:34:49,199 --> 00:34:54,000 nothing to really shout about. It's a mixed market down 599 00:34:54,400 --> 00:34:57,159 that's been really bouncing around, so today it was kind 600 00:34:57,159 --> 00:34:59,840 of a pause. Down thirty one to close it for 601 00:35:00,000 --> 00:35:05,440 forty seven eight fifty s and P up seven Nasdaq 602 00:35:05,599 --> 00:35:08,440 up fifty one. So, like I said, mix market, not 603 00:35:08,519 --> 00:35:12,480 much movement. Gold was up seven dollars to forty two 604 00:35:12,599 --> 00:35:17,239 forty and oil was up almost a dollar to just 605 00:35:17,599 --> 00:35:21,639 under sixty dollars for one barrel of oil. Well that's 606 00:35:21,679 --> 00:35:24,079 it for today. Thank you for coming by. We'll be 607 00:35:24,119 --> 00:35:26,760 back here again tomorrow. Hope to see you then