Speaker 1: What's going on. Thank you so much for listening to
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your support. Liberation Day, as Donald Trump called it yesterday.
Not a fan, I'm not a fan. I've never been
a fan of protectionism. That's me. You don't have to
agree with me, but it's the consistent position that I
have had. That doesn't mean I support the trade deals
that they have that we have signed with other countries.
I don't like the deal with China. I don't believe
that that's a fair trade at all that they've got,
you know, slave labor and child labor and all of that.
I think like that we should not be encouraging that
kind of behavior through trade. Now, if there's some sort
of a larger play that Trump is making here, I
don't know what it is. He did not tell me,
which is pretty par for the course. He doesn't he
doesn't consult me on this stuff, so I don't know.
So all I can do is just like you watch, wait,
pray that this is going to be beneficial. But I'm
very concerned because tariffs historically end up costing us, we
the consumers, right, So that's that's my concern. Maybe all
of this works out totally awesome, and everybody has a
now new paradigm, uh that we're operating under. Maybe there's
a new world order. I don't want to use that term,
but maybe there's some sort of a you know, a
new I don't know, battle map on this stuff. And Okay,
we shall see. But short term very concerning. And as
James Antel writes over the Washington Examiner, which is on
the right, that Trump is betting his presidency on this.
So he's got a lot riding on this, as do
all of the Republicans in Congress, all of the Republicans
at the state and local levels. Everybody is going to
get nailed with this. If this does not go well
in the next eighteen months, Republicans are screwed. Okay, That's
that's the concern among the Republican Party. That's why you're seeing.
For example, I just saw this Republican Senator Chuck Grassley,
along with Democrat Senator Maria Cantwell, have introduced legislation that
would require tariffs to be approved by Congress within sixty
days or the tariffs expire. You know, the other part
of this here is that Donald Trump as president, does
not have constitutional authority to be enacting these kinds of tariffs.
This stuff comes from the Congress. It's supposed to come
from Congress. It's supposed to originate in the House. And
that's why the Canadian tariff issue that Ran Paul and
who else Mitch McConnell I think signed on to is
like a couple of Republicans and they got this thing
passed through the Senate last night to repeal the uh.
It's just a resolution saying they want the Canadian tariffs repealed.
The House is probably not going to touch it. But
the argument is sound, which is this is not the
constitutional purview of the president, and what he's using is
an emergency declaration in order to do this, And I
disagree with that. I did not elect a rule, I
didn't vote for a ruler. I don't want one guy
doing stuff like this. The Constitution lays out the framework
for this stuff. So I don't know if he has
the authority to even do some of this stuff. I
don't know, And I don't know if Congress is going
to push back on him. I don't know. There's a
lot of this stuff. I don't know. Like I said,
I'm just like you. I'm sitting here watching it all too.
I'm no expert on these things. So James Antel, the
third elect, writes this in The Washington Examiner. Elected in
large part due to voter dissatisfaction over high prices, Trump
is imposing reciprocal tariffs on allies and adversaries alike. This
includes a ten percent minimum tariff on all imports. Many
twenty twenty four voters hoped that Trump would restore the
pre pandemic economy, during which both unemployment and inflation were
low and the stock market hummed along and economy. A
downturn caused primarily by COVID nineteen lockdowns brought the Trump
boom to a halt and cost him the twenty twenty election.
Four years later, Trump was no longer held as responsible
for the business closures. Trump is operating under the theory
that the US structural trade deficit is less a product
of market forces than the mercantilist practices of our trading partners.
Allies and rivals erect trade barriers, subsidize their industries, and
manipulate their currencies to improve their share of the global marketplace.
Many and some of that is true, by the way, right,
That is, like, there are countries that do those things. Absolutely.
Many of these countries are more dependent on access to
US markets than the other way around. Trump and his
advisors believe that gives Washington the leverage to get foreign
countries to tear down their trade barriers or relocate production
to America to avoid the tariffs. Okay, that's according to Antel,
that's their thinking here. It's successful. The tariffs might lead
to more jobs and production domestically. They could also be
short lived if foreign governments respond as Trump envisions, but
even he concedes there will be short term pain during
the transition. A spike in inflation or a recession could
prove costly to Trump and Republicans. The tariffs are being
implemented nineteen months before the midterm elections and long before
the twenty twenty eight presidential election. So that would give
the economy time to recover or for Trump to course
correct if the tariffs do not work as he intends
they do. Right, So there is a bit of a
time cushion to see what the response is going to be,
to see how this is all gonna work. And you've
got you know, some countries have reached out saying they
want to renegotiate the or negotiate the tariffs and the
trade deals and stuff, to do a lot of one
on one deals, and that would be a good thing, right,
I would applaud that if this, if Trump is able
to extract these kinds of concessions through this. And I
think it was Bob on the email, yeah, who said
chaos is a negotiating strategy. Right, And we've seen this
so many times, right, Trump throws out some crazy things.
It's in the art of the deal. He talks about it.
So it's like you just you come in, you disrupt,
you cause chaos or whatever, and then he makes the deal.
And that might be what he's doing. We'll see anybody
that tells you they know how this is going to
shake out, they're lying to you. They don't know. Nobody knows.
Antel goes on to say voters have frequently lacked the
patient for major transformations of the economy. Clinton's Democrats lost
control of the House for the first time in forty
years after his administration introduced an unpopular healthcare reform bill.
Barack Obama's Democrats suffered even worse losses in the House
after passing Obamacare. Another issue is that support among congressional
Republicans for Trump's tariff agenda is pretty thin. It's not
clear how patient lawmakers will be in the face of
any public backlash against the tariffs, and it is possible
that bipartisan majorities will try to chip away at his
congressionally granted powers to unilaterally impose them. There is no
issue on which Trump has been more consistent than on trade.
He's been talking about this for forty years now. He
is staking both his reputation for business acumen and his
populist reinvention of the Republican Party on these against the
advice of most voices in Washington and on Wall Street.
He is betting the House, literally, the US House, and
control of the rest of the federal government too. Trump
is finally able to do this. Will it work? We
shall see all right. If you're listening to this show,
you know I try to keep up with all sorts
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you've probably heard me say get your news from multiple sources.
Why well, because it's how you detect media bias, which
is why I've been so impressed with ground News. It's
an app, and it's a website and it combines news
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Your subscription then not only helps my podcast, but it
also supports ground News as they make the media landscape
more transparent. Jake Sherman, I believe he is at political
or CNN punch Bowl News. He says, up on Capitol Hill,
there is a massive disconnect between Republicans versus the White
House on tariffs. There's a messaging disconnect on the Hill.
Republicans keep saying this is the beginning of a negotiation,
but the administration is saying this is not a negotiation.
So again, chaos, and maybe that's the point for some
larger goal, right. This from Real Clear Politics Philip Wegman
headline America gets even. Trump launches quote reciprocal tariffs. The
Trump administrations imposing a ten percent tariff across the board
on all imports and even higher individual rates for nations
that his administration deems particularly unfair in their trade practices
towards the US, although it looks like they used just
some boiler plate formula based on the trade deficit. He
had promised previously that reciprocal was a literal term. Whatever
they charge us, will charge them, is what he said.
But before the event, a senior White House official explained
new arithmetic, telling reporters, quote, because the President is lenient
and kind to the world, we're only charging half, so
it's not reciprocal. The Republicans now in the White House
are very different from past GOP leaders who were very
much more friendly to Wall Street. Treasury Secretary Scott Bessent
made headlines when he told investors that quote, access to
cheap goods is not the s of the American dream,
as did Commerce Secretary Howard Lutnick when he said that
the increase or decrease of the stock market by half
a percent on any given day is not the driving
force of our outcomes. Instead, instead, he said, the focus
is on the blossoming of American industry, or industry as
Trump calls it. Though a vibe shift, the sentiment is
not entirely alien on the right. Trump is the first
to impose protectionist policies at such a scale, but his
allies insist he is drawing from a well dug by others.
Here's a quote from nineteen ninety eight. To me, the
country comes before the economy, and the economy exists for
the people. I believe in free markets, but I do
not worship them. In the proper hierarchy of things. It
is the market that must be harnessed to work for man,
not the other way around. Do you know who said that?
Pat Buchanan. More recently, Senator Eric Schmidt, a Missouri Republican,
ally of Donald Trump, he said, America is not an
economic zone. It is not a strip mall with an
airport attached. It's a nation, it's a people, it's our home.
Trump has been making that kind of argument for a
long time, and the President will get points for consistency
from his supporters right because he's been saying it for
forty years. The question is whether his trade policies can
actually deliver the roaring economy that he has promised on
the campaign trail, or maybe a recession. Like we'll say,
and I said this in the first hour to a
caller when we were discussing this, that I I am
probably well, I do not have as much confident as like,
if you have a lot more faith and trust and
confidence in Donald Trump than I do, then I think
you're going to be more likely to go along with
this plan and trust and have confidence and have faith
that the plan is going to work.
Speaker 2: I do not.
Speaker 1: That doesn't mean I don't want to see it work.
I hope it turns out to the benefit of all Americans.
That'd be fantastic. It would completely change the way I
think about tariffs. I'm open to be persuaded on it,
because again I said it this in the first hour
or two. But I may be the fish that doesn't
know it's wet. I've all I've ever known is a
sen You know, the last century of tariffs are bad.
Tariffs are taxes on the American consumer, and you go
to protectionists, you end up in trade wars and then
they turn into shooting wars. So that's the ocean that
this fish is in, and maybe maybe we'll learn something different.
If not, things could get very bad for us. Trump
said that the naysayers are not to be trusted. He
said they were wrong about NAFTA, they were wrong about China,
they were wrong about the transpecific partnership. He says, in
every prediction about trade for the last thirty years, they've
been proven wrong. Philip Wegman, White House correspondent, Real Clear Politics.
He says, it is without a doubt, the most significant
change to trade policy in decades, if not longer. Whether
America craters into recession or rises to the advertised Golden age,
these tariffs are going to be Trump's legacy. Now. That
is predictive. That's speculative. We don't know. And now you
hear me talk all the time about speculative journalism. Not
a fan. I think I've been very clear here, and
I know it's frustrates some people sometimes when I'm telling
you I cannot predict the few future. There are a
whole bunch of different things that could happen. I have
no idea what is going to happen. If I knew
what was going to happen, right, I would cancel my
life insurance policy. No, actually, I do know that's going
to happen. I'm that is a certainty, so I scrap that.
But I would start buying lottery tickets. Okay, let's go
over and talk to James. Hello, James, welcome to the show.
Speaker 2: Hey, well, you've been talking about the tariffs, yes, sir,
And for instance, I'm driving a forward that a large
number of the parts come from Canada, and there's a
twenty five percent tariff on now on anything automotive coming
out of Canada, which means when I take my car
in to get it prepared, suddenly I've got a twenty
five percent increase in what it costs me to buy
parts for my car.
Speaker 1: Right this because This is the axiom that businesses don't
pay taxes, the customers do and buy same logic. They're
going to pass that cost of the tariffs right down
to the consumer.
Speaker 2: Of course they are. And anybody who doesn't understand that
has never worked and anything vaguely resembling business in their
entire lives.
Speaker 1: So the I will tell you what the counter argument
is would be that they will, in order to continue
having market share a position and to you know, keep
the prices low, they will move manufacturing to America, creating
American jobs and that'll save them the money on the tariffs.
Speaker 2: They've been manufacturing car parts in Canada since all the
vehicles were being built in Detroit.
Speaker 1: I'm just telling you what they say. That's their prediction
on all of this.
Speaker 2: Well, I think you just said something about if we
could predict the fusion, we'd all start buying lottery tickets.
Speaker 1: I did. This is my concern, like my.
Speaker 2: Crystal ball doesn't work that well.
Speaker 1: Yeah, no, mine either, And this is why I'm worried.
And that's why I told people at the beginning of
the show that if you have a lot of faith
and confidence and trust in what in Donald Trump, just
by default, then I think people are more willing to
go along for this white knuckle ride. I don't have
that level of confidence. No, and so that's my concern. Yeah,
not in a politician, no, yeah, they're right, or in
government right like yeah, this is yeah.
Speaker 2: I have no book, I have no trust in government.
Speaker 1: Yeah, James, I appreciate the call man.
Speaker 2: Thanks, thank you.
Speaker 1: So all right, se Yah to James's point, Stalantis Envy
said on Thursday that it's temporarily laying off nine hundred workers.
They announced this this morning at five US facilities after
the announcement of the tariffs. They're temporarily pausing production at
an assembly plant in Mexico and one in Canada. The
maker of Ram trucks and jeeps said the US plants
affected are the powertrain and stamping facility. These that provide
parts for the two factories in Mexico and Canada that
are now being idled. In a letter sent to employees,
the chief operating officer for the Americas, Antonio Filosa, said
the company is continuing to assess the medium and long
term effects of these tariffs on our operations, but also
have decided to take some immediate actions, including temporarily pausing
production at some of our Canadian and Mexican assembly plants.
Those actions will impact some employees at several of our
US powertrain and stamping facilities that support those operations in
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Welcome to the shoe. Hey Pete, Hey, I'm doing all right.
How are you good?
Speaker 3: So just I don't have a christ of Ball either,
but I will tell you. I grew up in the eighties.
My dad was in textile industry and he was one
of the part of one of the last looe manufacturers
in the country called Draper. And I was out of Greensboro,
and he talked all the time. I went to school,
and by then I took some economics and we would
argue about this issue. He ended up winning because he
had to close down his business due to the trade issue.
He actually voted for Perrot in ninety two, the last
politician who brought up this issue.
Speaker 1: Yeah, he talked about that sound yeah you're here as
American jobs.
Speaker 3: He said, there's really no such thing as international free trade.
And he lost, not due to the Mexico or things
in the South, but he lost to subsidized company iss
from Italy and Germany on their loom manufacturing, and he
couldn't compete. They undersold him in United States and he
finally had had to sell the business and give it up.
They had a plant, big plant down in Spartanburg, South Carolina,
which is very vertical. You know, they made this, you know,
was able to create the steel down there. They built
the whole thing. And he said, look, I mean that
Draper used to be based in Massachusetts and then in
the early twentieth century it moved down for cheaper labor here.
And he said, unless you know, he was in favor
of load business taxes within the country and load consumer
taxes within the country. But he said, internationally, there's just
no such thing as true free trade. So that the
argument that he claims he won because he had to
tell his business right.
Speaker 1: Well, and the same thing happens. I remember reading I
think it was in a I think it was a
book called The French Betrayal of America, and uh it
talked about Boeing versus Airbus and how air Bus gets
all of these government subsidies yep, and then that allows
them to, uh when they go out to uh bid,
they are able to undercut Boeing on their aircraft because
the French government, and there's a whole bunch of like
apparently over in France there's like sort of like an
embedded uh corruption fee, you know, like that's just kind
of rolled into the projects over there, and so uh
and then they get subsidized from the government and so
and so the Yeah, it's like a money laundering kind
of deal, and it makes it impossible to compete.
Speaker 3: Yeah, and here here in the US. And I'll just
give you that. He said, when he was in school
in the fifties, tariffs was not a bad word, and
he took he was an engineer, and he took out
econ engineering class. He said, tariffs was not a bad
word back then. But by the eighties when I took it,
I came home and argued with him free trade the
whole way, and he said, international free trade and he
just doesn't buy into Yeah.
Speaker 1: All right, man, I appreciate it. Thanks for the thanks
for the background, yes sir, all right, yeah, take care.
Thanks David. Let me read some emails real quick, because
I have a bunch of them. They've been building up
in the inbox. Joseph said, tariffs are bad except for
every other country, which is levy tariffs on our exports.
Except then they were good. But I mean, if you
take the position that tariffs are actually taxes on your
own people, then know and you and you say that
those are that that is bad, then it's bad for
them too.
Speaker 4: Right.
Speaker 1: The other thing to keep in mind here is that
the tariffs, well I don't know every single tariff on
every single good in every single country. I'm sure there's
a list out there someplace, right, but setting a ten
percent global baseline is way above what any other country
is charging as their own sort of baseline. So like,
if every country, I mean, this is the thing, if
every country enacts the tariffs in order to protect themselves
from competition, because that's what you're doing, You're protecting yourself
from competition, then fine, I guess, but that doesn't get
rid of trade deficits. Per se. And so then if
you're going to now throw additional tariffs onto countries who
happen to maybe sell a lot like Honduras grows bananas,
they sell a lot of bananas in America because we
don't grow bananas here, So there's always going to be
that deficit there. So are you saying then that we
have to raise the tariffs on the bananas high enough
so it's neutral, So it's zero zero, so there's no deficit.
What if Honduras can't afford anything that we're producing, like
now we're going to force them to buy stuff. What
if they can get a better deal from a neighboring
country for all the other stuff? They don't need to
buy stuff from us. They're not developed enough to buy
stuff from us. This is the problem with looking at
a trade deficit as the major metric. It's it shouldn't
be that, right, it should be unfair protectionist activity. And
that would also include slave labor like China uses all right, sorry,
John goes or Joseph rather goes on to say, the
globalization experiment failed Middle America. I don't care how much
pain is inflicted on the stock market, because they didn't
care how much pain Americans suffered when they opened up
phony free trade to countries with child labor, manipulated currencies,
and protectionist policies of their own reap the whirlwind. Well,
see this is the thing, Like, this is a nihilistic,
nihilistic perspective, Joseph. Right, you realize that, right, like, burn
it all down, make everybody suffer, because it's not just
going to be like the wealthy elites, the globalists, they're
they're gonna be just fine. The Wall Street guys, they're
gonna be just fine. The middle Americans we're screwed. The
poor Americans screwed. I don't look at the stock market
as the only metric. And I'm frequently criticizing media coverage
of economic data, like oh, the jobs numbers are out
in good news for the economy, and it's like, the
economy is so much larger than a simple data point,
you know. And that's the beauty of a free market
is that it allows for all of those data points
to work and send the signals people to react to
the signals, rather than a command control economy. The concept
of fair trade, the concept, I think is the proper concept.
How you do it, that's the problem. That's what we
saw with NAFTA. That's why Trump renegotiated it and did
a deal right, a fairer deal. But the deal with
China is awful, all right. So spring is here a
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emails and a phone call or two to get to here.
This is uh Thomas, who says, basically, these tariffs are protectionism.
Although I haven't heard the word bantered about, I remember,
I think I've said it a bunch, But I remember
one of my economics professors who once said, paraphrasing, here,
if the protectionists have their way, eventually we'll be trying
to grow bananas in Detroit and they'll be trying to
manufacture cars in Honduras, then that speaks to comparative advantage.
Dennis says, my financial advice, if you want to insure
yourself against any negative results from the Trump tariffs, just
follow what Nancy Pelosi does, not what she says, but
what she does she seems to have mastered the manipulation
of the money market. Just my personal observation. Let's see here.
Oh my gosh, I have so many emails. I'm sorry, guys.
Who is this Mark in Weddington? To state the obvious,
we have been on a path accelerated Biden's six trillion
plus budget plan. We have been on a path spending
towards bankruptcy and associated lower US credit ratings for a
long time. Part of that quantitative easing spending all the
way back to two thousand and eight two thousand and
nine has led to the artificially increased market gains since
that time. Short term thinking like offshoring, et cetera, is
the US way, thinking in quarters instead of decades like
the Chinese do. Folks forgot quickly about supply chain issues
during COVID, Getting our house in order, bringing businesses back,
market resets, spending, et cetera. Will cause short term pain
all capital twelve to twenty four months worth, but for
long term benefits, just like the two trillion already pledged
by new businesses coming back expanding in the US. Just
like that non existent and then temporary inflation that hit
everybody across the board, this too will hit certain areas.
You may recall Janet Yellen saying her thinking had changed.
All we need to do is service the debt versus
paying it off. That said it for me. We were
about cooked. Yeah. I think even the White House is
saying there's going to be pain, but there's going to
be gained long term. See, and that's that's the ask,
that's the trust me ask. And people who already trust
Donald Trump are going to trust him. They're going to say, Okay,
I will suffer through a lot, but most Americans are
not going to be willing to put up with two
years of job losses, pay cuts, loss of purchasing power. Right.
I went through and through these things in the first hour.
And the concerns that people have about the short term
pain could redound to the benefit of Democrats. Republicans could
get wiped out in the next midterm election. Trump is
a lame duck and then Democrats control the White House,
the House, and the Senate. That's the way this could Again,
I'm not I don't want that to happen, but like,
that is a potential outcome here. So whatever the benefits
are that that they think they can achieve with this reset,
the great Reset?
Speaker 3: Is it? No?
Speaker 1: But I hope it works. I want I want it
to be beneficial for America. But I'm I'm very worried.
Denny says, So, Pete, given the tariffs are a non
a non removable necessary evil, what is the best way
to manage them? Is it good to just announce we're
eliminating all of our tariffs? If not, what metrics do
you use to measure good tariffs? Please comment and keep
up the great content. Well, I mean this, I don't
know if I can answer that, Denny, because there's two
there are two variables, and this is the problem. Like,
if you're going to target certain products, certain industries, services,
or goods, then you got non tariff protectionists, regulations and stuff.
So there are so many different angles here. And if
Trump is trying to negotiate deals one on one with
every single country and get into the nitty gritty details
of all of this stuff, then maybe it works. Right,
this is Ronnie. It seems to me I hear just
as many economists for tariffs as I do against. Oh
I don't hear that at all. My view is that
we have been doing. What we have been doing is
obviously not working with the national debts so high. That's
but the national debt has nothing to do with trade deficits.
It doesn't. A trade deficit just means that we're buying
products from another country and if we could make them
cheaper here, we would make them cheaper here. But that
doesn't necessarily mean that you would have more money to
pay off the national debt. The debt is our own doing.
That is our own government spending more than it takes in,
right forgiving college loans and yeah, doing all of the
safety net programs that it does, and all of the
grants that it hands out. That's that's that is entirely
our own making. So with the national nets so high,
citizens severely taxed, I think it is a great idea
to see if it works. If industries come to the US,
as you know, it would be very significant for many reasons.
And if we can use income from tariffs to reduce
our national debt, it won't and lower our taxes. I'm
all in. Things have changed so much in the world.
I am not so sure we can use history as
a predictor. Yeah, they're talking three hundred billion a year,
that's what it would. That's the because it's three hundred
it's three trillion dollars in trade, and so you you're
ten percent across the board that generates three hundred billion,
and that's paid by Americans. So it's a balloon. You're
just squeezing one side of it, unless, of course you're
able to get the businesses overseas to eat the costs,
which I don't know if they will do that. I
don't think they will. I think businesses tend to push
that downstream to the customer. That's usually how that happens. Anyway,
they go to the phone's here, get Pete. Hello Pete.
Welcome to the program, Hey Pete.
Speaker 4: Yeah, and the angle. I don't know if you discussed
it or not, but it's probably worth discussing. The business
I was in when I'm retired now was automation for
manufacturing in North and South Carolina primarily, and at the
time when I started. You know, in my career, the
industry is for textiles, tobacco, and surnature.
Speaker 1: Oh wow, you hit the trifecta there, do Yeah.
Speaker 4: They've basically been wiped out. And so now if you
go to these towns like Siler City or Burlington or Ashburough,
they're pressed for ghost towns. Yeah, I say, now, well,
these terraced remedy that I don't know, No one knows,
but I think Trump's taken part of what he's doing
is taken upon himself to at least try, and that
we are seeing a lot of businesses make commitments from
overseas in our own domestic companies here to reinvest in
America for manufacturing. So I think your perspective is a
little bit different if you're sitting and Bington, North Carolina
than if you live in the metropolis to Charlottorpe Caroline.
Speaker 1: Well, to be fair, I live in Mecklenburg County. I
live in the county, and I have lived I lived
up in Ashville, that whole area also not in Ashville,
but the surrounds, and so yes, I understand it, like
for people who have seen the entire because look, when
I went up to Asheville, all I heard was the
talk about the Gerber plant and how it closed up there.
And this was a major manufacturer that employed a lot
of people. The Gerber plant closed in the eighties, right,
and they still talked about it and the devastation, the
economic ruin, and it scarred people. So I under like,
I get that. I went up and talked to the
people after the mill in Kannapolis closed down after NAFTA,
So I understand that. But if you're saying that this
is going to bring back the heyday of.
Speaker 4: I didn't say that, Okay, mouth, No.
Speaker 1: I'm asking you, Pete, I'm asking you, I said, if
you are saying, yeah, I'm asking it. Do you think
that that Trump's plan is going to bring that back?
Speaker 3: Oh?
Speaker 4: I don't know, but I think a large part of
his voting block are these people. So I would say
to them, they're probably pretty optimistic and happy about it.
Speaker 1: Now.
Speaker 4: Whether it's going to come to pass or not, I.
Speaker 1: Don't know, nor to you, right, I have said that some.
Speaker 4: Movement of some of these manufacturing plants apparently apparently coming
back to us.
Speaker 1: Yes, Pete, I appreciate the call. I got to leave
it there. I will just say I have said that
I don't know what's going to happen. I hope that
whatever benefit that they're trying to hit, whatever goal they're
trying to achieve, that they do, because that would be great.
My concern is that they don't, Right, That's the concern.
And I have said repeatedly also for the full three
hours here that if you have a high trust and
faith in Donald Trump, you're going to be I think,
more confident that the plan will work, and if you
have a lower trust and faith, you're going to be
less confident that it works. All Right, that'll do it
for this episode. Thank you so much for listening. I
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