WEBVTT

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<v Speaker 1>City Official of the Year by the Kentucky League of

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<v Speaker 1>City So put a feather in your cap Tech Friday

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<v Speaker 1>day of hatter. What a great thing to behold that.

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<v Speaker 1>We'll talk to him tomorrow at six thirty and like

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<v Speaker 1>we do every Thursday, at this time, we will talk

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<v Speaker 1>to iHeartMedia aviation expert Jay Ratliffe. I love talking to

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<v Speaker 1>him on a Thursday. Put a smile on my face

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<v Speaker 1>as we closed out the show. Welcome back, my friend,

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<v Speaker 1>very pleasant, good morning. And of course you're a you

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<v Speaker 1>trade this is what you do. Day trade fun. You

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<v Speaker 1>can find Jay Ratliffe and learn his teaching methodologies if

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<v Speaker 1>you so choose. It's obviously worked out quite well for Jay.

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<v Speaker 1>But your reaction to the market just blowing up yesterday,

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<v Speaker 1>and I and I just tell you, I am not

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<v Speaker 1>a market analyst. I don't play one on radio, and

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<v Speaker 1>I don't profess to know a whole lot about it.

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<v Speaker 1>I think one of the reasons the market performed so

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<v Speaker 1>well yesterday was because Trump won not just the electoral college,

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<v Speaker 1>but an overwhelming margin in the popular vote, thus suggesting

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<v Speaker 1>that there was going to be a smooth error transition.

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<v Speaker 1>This wasn't going to be a dangling chad, or a

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<v Speaker 1>lot of litigation, kind of wait around and find out

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<v Speaker 1>what the outcome is over a course of weeks. Your

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<v Speaker 1>reaction or thoughts on that, Yeah, I.

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<v Speaker 2>Mean it was. It was definitely an election with an

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<v Speaker 2>exclamation point behind it. I think it was a very clear,

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<v Speaker 2>resounding message. And I remember back in twenty sixteen, and

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<v Speaker 2>I remember, look, I've been trading stock since the nineties,

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<v Speaker 2>so I've gone through several presidential elections, and when it

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<v Speaker 2>was announced that Trump could look like he was going

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<v Speaker 2>to win twenty sixteen, I remember, the Dow futures tanked.

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<v Speaker 2>I mean it was it was world news from like

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<v Speaker 2>ten o'clock at night till one or two o'clock in

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<v Speaker 2>the morning. How the Dow futures were down ten fifteen percent.

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<v Speaker 2>It was going to be the worst ever. My gosh,

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<v Speaker 2>the world's coming to an end because somehow Donald Trump

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<v Speaker 2>got elected as president. And by that morning at seven o'clock,

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<v Speaker 2>the Dow futures were only down two one hundred and

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<v Speaker 2>forty points, and in that first day of trading it

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<v Speaker 2>actually ended up two hundred and fifty points. It was

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<v Speaker 2>the most unbelievable twelve hours of market reaction I'd ever seen,

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<v Speaker 2>and that was because the market's understood, wait a minute,

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<v Speaker 2>this is a businessman that's taking over as commander in chief.

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<v Speaker 2>He has an understanding of business related issues and that's

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<v Speaker 2>going to help businesses across the country. So it was

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<v Speaker 2>obvious what he did during those four years. So now

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<v Speaker 2>that he's been reelected, the thought process is okay, he's

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<v Speaker 2>going to make all of that happen again. This is

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<v Speaker 2>a man that understands that you can light the fuse

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<v Speaker 2>to this economy in such a way that it can

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<v Speaker 2>help solve a lot of the ailmentths that we have

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<v Speaker 2>with regards to, you know, things that are ongoing within

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<v Speaker 2>this economy. And for a lot of people who did

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<v Speaker 2>not vote for him that are trashing him on Facebook,

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<v Speaker 2>people that are in the service industry. Brian, I am

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<v Speaker 2>certain that these men and women of principle will give

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<v Speaker 2>back every bit of tax says they do not have

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<v Speaker 2>to pay on overtime and or tips because there's no

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<v Speaker 2>way to accept that money because it comes from Trump.

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<v Speaker 2>Do you do you think I'm correct there that these

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<v Speaker 2>principled men and women will stand on those principles saying

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<v Speaker 2>I'm not gonna accept this money because it comes from

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<v Speaker 2>President Trump.

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<v Speaker 3>I think you're in the right ballfield. Der above.

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<v Speaker 2>You've been listening to you, brother, But look and I'll

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<v Speaker 2>tell you it's gonna be interesting because today we find

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<v Speaker 2>out from the FED what they're going to be doing

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<v Speaker 2>as far as the interest rate cuts, and I think

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<v Speaker 2>we'll probably some are looking for a half point. I

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<v Speaker 2>think it probably a quarter point, but whatever it is,

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<v Speaker 2>the FED really has a challenge now because when Donald

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<v Speaker 2>Trump ignites this economy, and he's going to do that

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<v Speaker 2>just like JFK did when he reduced taxes and did

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<v Speaker 2>things to stimulate small businesses all those years ago, the

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<v Speaker 2>FED is gonna have our time adjusting because they're gonna

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<v Speaker 2>have to. They're gonna have to keep up with what's

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<v Speaker 2>about to happen. And I am very very excited, a

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<v Speaker 2>because we didn't go the far far far far far

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<v Speaker 2>radical left, but more so because now as a business

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<v Speaker 2>type of country that we have, men and women that

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<v Speaker 2>want to start their own business can do so easier.

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<v Speaker 2>People that want to enjoy the benefits of owning a

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<v Speaker 2>small business can And even though a lot of times

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<v Speaker 2>people say it's all tax cuts to the billionaires, no,

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<v Speaker 2>it's not. It's a matter of allowing men and women

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<v Speaker 2>who are hardworking that are trying to create a better

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<v Speaker 2>life for themselves to create something through a small business. Yeah.

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<v Speaker 2>I like to teach people how to trade stocks, but

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<v Speaker 2>there's some people that want to start a small business

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<v Speaker 2>doing all kinds of things. Brian, that's going to be

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<v Speaker 2>easier now, and that's going to be something that's going

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<v Speaker 2>to benefit this country in ways that could extend for

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<v Speaker 2>the next decade.

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<v Speaker 3>Well.

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<v Speaker 1>And I think that optimism is backed up by I

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<v Speaker 1>presume he's going to be part of the cabinet, Elon

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<v Speaker 1>Musk being there. Who's more successful in the world in

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<v Speaker 1>terms of businessmen than Elon Musk And with him there

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<v Speaker 1>in the cabinet and making helping make decisions, and you know,

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<v Speaker 1>I'm sure acting as a consultant beyond just cutting government,

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<v Speaker 1>which is the primary role he's supposed to be taking on.

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<v Speaker 1>I think that that's like, that's like extra knowledge and

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<v Speaker 1>information and knowledge base to tap into little benefit everybody

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<v Speaker 1>as well.

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<v Speaker 2>But you know, you're a very smart individual, and Brian,

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<v Speaker 2>you understand the best way to do your job is

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<v Speaker 2>to bring in people that are smarter than you.

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<v Speaker 3>Oh yeah, Now for a lot.

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<v Speaker 2>Of people that are very insecure as business leaders. They

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<v Speaker 2>can't do that because they don't like feeling like people

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<v Speaker 2>are not as smart as are smarter than they are.

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<v Speaker 2>They want to be the top dog. Now. Me, when

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<v Speaker 2>I was in management all those years in the airline industry,

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<v Speaker 2>I loved having a bunch of people A who didn't

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<v Speaker 2>agree with me and B that were smarter than me

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<v Speaker 2>because it was that collaboration of opposing ideas where some

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<v Speaker 2>incredible ideas came from that nobody saw coming because people

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<v Speaker 2>work together. And I tell you Donald Trump is very smart.

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<v Speaker 2>His ego obviously is out of check in a lot

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<v Speaker 2>of ways, but he is not afraid to have people

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<v Speaker 2>around him that are smarter than he is. Now whether

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<v Speaker 2>or not he abides by that advice or not has

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<v Speaker 2>yet to be seen, but he's proven that he's done

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<v Speaker 2>that in the past, and I'm very excited to see

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<v Speaker 2>what's going to happen here because there's a lot of

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<v Speaker 2>people in politics that get very threatened on both sides

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<v Speaker 2>of the aisle when people who know more than they

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<v Speaker 2>do offer an opinion. I don't think that's going to

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<v Speaker 2>be the case here, because look, Donald Trump can take

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<v Speaker 2>people at a roast, making jokes at him in front

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<v Speaker 2>of his face. He'll laugh it off because he's he's

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<v Speaker 2>able to do that. It's unfortunate that, you know, Harris

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<v Speaker 2>decided not to be at that particular dinner that they

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<v Speaker 2>had for charity in Washington, DC. Because I think that

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<v Speaker 2>that reflects the type of leadership that we need, because look,

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<v Speaker 2>bringing all the smart people you can, because we've got

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<v Speaker 2>some challenges. You and I've talked about this national debt

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<v Speaker 2>that goes up at trillion dollars every hundred days. Donald

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<v Speaker 2>Trump in his first administration, let that national debt get

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<v Speaker 2>out check. He's got to make sure that problem isn't

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<v Speaker 2>repeated this time because right now the national debt and

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<v Speaker 2>trying to fix social Security is going to be a

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<v Speaker 2>big issue. But you know what I'm excited about. He's

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<v Speaker 2>going to be our president during the two hundred and

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<v Speaker 2>fiftieth birthday of this country.

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<v Speaker 1>Oh yeah, I mean another talk about a party patriotism.

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<v Speaker 3>Amen to that. We'll bring him back.

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<v Speaker 1>Let's pause, We'll bring Jay Rother back to talk about

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<v Speaker 1>airline stock specifically. Yesterday eight forty in a fifty five

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<v Speaker 1>ker C detalk station, Brian Thomas with iHeartMedia aviation expert

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<v Speaker 1>j ratlove.

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<v Speaker 3>Jay Boeing stocks.

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<v Speaker 1>Just one more thing I just have to let you

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<v Speaker 1>know because it's just hilarious. There's a Canadian airline. I'd

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<v Speaker 1>never heard of it, honestly, West Jet. They did a

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<v Speaker 1>very very brief ad campaign one way flights to Canada

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<v Speaker 1>this after the election.

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<v Speaker 3>The other day.

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<v Speaker 1>They apparently ran that only in California about five markets

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<v Speaker 1>for just a few hours. But I just thought that

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<v Speaker 1>was hilarious.

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<v Speaker 3>Oh.

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<v Speaker 2>I love west Jet. They are the low discount carrier.

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<v Speaker 2>You can kind of call them the Southwest Airlines of Canada.

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<v Speaker 2>But you need to look at YouTube for their April

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<v Speaker 2>First jokes on cargo kids, because every April April Fools

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<v Speaker 2>they would come out with a commercial that was just funny.

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<v Speaker 2>And this was to parents who travel with young kids.

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<v Speaker 2>Don't worry, we've got the perfect thing. We're gonna throw

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<v Speaker 2>them underneath with the luggage. You sit up front and

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<v Speaker 2>have a good time. These people have a lot of fun.

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<v Speaker 2>And I did not know about that one, but I

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<v Speaker 2>will look that one up. That's great to see.

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<v Speaker 1>Yeah, I thought over aviation news. I always check the

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<v Speaker 1>sites before you come on because there's always one out

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<v Speaker 1>there I want to throw at you.

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<v Speaker 3>I did get tickled by that one. I was Brian.

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<v Speaker 2>If you do go to YouTube on west Jet look

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<v Speaker 2>up their Christmas video for many years ago.

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<v Speaker 3>Oh is that the one where they bought packages or

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<v Speaker 3>Christmas presents for me? Yeah? I did watch that line.

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<v Speaker 3>I didn't know that. Okay, So they're fun in games

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<v Speaker 3>all the time. All right, unbelievably.

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<v Speaker 2>See if I was to go back to work for

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<v Speaker 2>the industry, and I never would, that's the kind of

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<v Speaker 2>airline I want to work for them.

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<v Speaker 3>Day ratliff head and go to Canada. All right?

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<v Speaker 1>Why did Airlong stock store? And it says here for

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<v Speaker 1>all the wrong reasons? Anyway, market went on fire yesterday.

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<v Speaker 1>This was part of it. So what's the story.

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<v Speaker 2>Well, you know you've heard me say on more than

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<v Speaker 2>one occasion I'm not a fan of the Biden administration

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<v Speaker 2>at all. But you've also heard me say many many

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<v Speaker 2>times that I do give the Biden administration credit for

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<v Speaker 2>going after the airline industry. Yeah, they've done that more

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<v Speaker 2>than any other administration I've seen for the last twenty

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<v Speaker 2>five years. Now, the airlines are finally being held accountable,

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<v Speaker 2>thank you. They're finally being forced to deliver something painfully

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<v Speaker 2>so called customer service. Thank you for that. But when

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<v Speaker 2>it became clear, Brian that Trump was going to be

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<v Speaker 2>our next president, airline stocks took off because, in part,

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<v Speaker 2>investors saw a future where the airline industry would be

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<v Speaker 2>under less scrutiny, uh uh, pressure, less oversight perhaps, And

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<v Speaker 2>to me, obviously that's not a good thing, because finally

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<v Speaker 2>the airline industry has been forced to adopt some customer

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<v Speaker 2>service measures that before they would. They went kicking and screaming,

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<v Speaker 2>dragging in that direction, and the Biden administration says, look,

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<v Speaker 2>you're going to treat customers this way, or you're going

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<v Speaker 2>to face some serious penalties. And they recognized a few

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<v Speaker 2>years ago they really meant business and airlines had to

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<v Speaker 2>do it. So when I saw airline stocks taking off yesterday,

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<v Speaker 2>and I love seeing stocks go up, I thought, uh oh.

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<v Speaker 2>And when I started digging into why, that was one

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<v Speaker 2>of the driving factors, and I thought, good lord, no,

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<v Speaker 2>I don't want to take a step back here. But

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<v Speaker 2>Donald Trump as a business owner, his first time around,

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<v Speaker 2>he was very accommodating to the airline industry. And Boeing

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<v Speaker 2>is one of the entities here that needs more oversight

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<v Speaker 2>than anybody. They've got fifteen billion dollars in defense contracts,

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<v Speaker 2>So a lax environment is the last thing I want

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<v Speaker 2>airlines or Boeing to be a part of.

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<v Speaker 1>Yeah, And I guess that illustrates the problem I have

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<v Speaker 1>with the whole scenario. It is so heavily regulated and

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<v Speaker 1>controlled by the federal government and obviously subject to fines

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<v Speaker 1>and sanctions and penalties from the federal government. No other

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<v Speaker 1>business is subject to that level of scrutiny. Are very few.

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<v Speaker 1>If you're out here in the real world and you're

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<v Speaker 1>trying to compete, you damn well better provide a quality

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<v Speaker 1>product or your competitors are going to put you out

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<v Speaker 1>of business. And that model alone just apparently isn't sufficient

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<v Speaker 1>enough for Boeing, even though they're flying people and our

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<v Speaker 1>lives depend upon the quality of their products.

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<v Speaker 2>Right, if we had competition, your analogy would as always

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<v Speaker 2>be spot on. But when you've got Airbus and Boeing

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<v Speaker 2>representing ninety percent plus of the aircraft that are manufactured

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<v Speaker 2>with Bombardier in the Canada, You've got embry Air in

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<v Speaker 2>South America and Comak coming out of China, which is

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<v Speaker 2>a new aircraft manufacturer, and I really hope that they

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<v Speaker 2>pick up because I like what they're doing. There's very

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<v Speaker 2>little competition, and Airbus has like nine thousand plus back

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<v Speaker 2>orders of airplanes, so it's not like they can jump

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<v Speaker 2>in and say, hey, we'll take all this Boeing business

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<v Speaker 2>from people that are ticked off at Boeing, because they can't.

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<v Speaker 2>So if you're like Southwest and some of these other airlines,

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<v Speaker 2>you're married to Boeing because that's the bulk of your fleet,

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<v Speaker 2>you just have to hope that they're going to turn

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<v Speaker 2>things around and maybe give you a nice, healthy discount

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<v Speaker 2>on future orders, those kinds of things. But it's the

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<v Speaker 2>NTSB just released their six hundred page report on that

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<v Speaker 2>last Airlines flight twelve eighty one where the door plug

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<v Speaker 2>went out, six hundred pages. These guys are the all stars.

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<v Speaker 2>These men and women are the NTSB that after every

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<v Speaker 2>accident near accident, they go to the FAA saying, here's

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<v Speaker 2>our twenty thirty or forty recommendations from this incident on

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<v Speaker 2>how we can make aviation safer. Now, normally the FAAI

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<v Speaker 2>look at that, go yawn and skip it. Sometimes they'll

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<v Speaker 2>take one or two of those and implement those ideas.

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<v Speaker 2>But these are the men and women. That's the reason

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<v Speaker 2>that we have the safest there ever of commercial jet

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<v Speaker 2>travel now. But one of the things that they indicated

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<v Speaker 2>in this six hundred page report was how the lack

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<v Speaker 2>of proper oversight of Boeing and the suppliers of Boeing

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<v Speaker 2>contributed to that situation. And Brian, how many planes have

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<v Speaker 2>you and I've been on that had been full that

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<v Speaker 2>have had an empty window seat? Very few. I'm in

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<v Speaker 2>a middle seat and I look over and in this

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<v Speaker 2>road there's an empty middle and window seat. I'm like,

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<v Speaker 2>ding ding ding, flight attendant, please, may I move? May

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<v Speaker 2>I move? Nobody did on that flight. And that's the

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<v Speaker 2>one where the door blew out. Had somebody been sitting

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<v Speaker 2>at that window or middle seat, they'd have been gone

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<v Speaker 2>because it was that is a decompression so bad that

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<v Speaker 2>it blew the secured cockpit door wide open and everything

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<v Speaker 2>went flying in the cockpit. So you're talking about a

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<v Speaker 2>horrific situation. And again because a lack of oversight, and

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<v Speaker 2>we cannot allow bowing off the hook.

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<v Speaker 1>That that is truly miraculous that someone wasn't there.

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<v Speaker 2>It is and it just It's one of the reasons

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<v Speaker 2>that I was so thankful that we dodged a bullet.

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<v Speaker 2>We learned something critical, but we we knew this was

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<v Speaker 2>coming now, not to this extent, because it was two

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<v Speaker 2>weeks before that. Boeing came out and issued an email

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<v Speaker 2>to airlines saying, look for those airlines that have this

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<v Speaker 2>kind of aircraft. We've had reports from some airline mechanics

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<v Speaker 2>that have gone in to do work that when they

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<v Speaker 2>were looking at specific parts of the rudder control system,

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<v Speaker 2>that's what helps the pilots to fly the rudder control system. Yes,

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<v Speaker 2>you may notice some missing or untightened hardware. In other words,

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<v Speaker 2>there's missing bolts and unsecured hardware where things haven't been

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<v Speaker 2>tightened on some of the rudder control systems. This was

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<v Speaker 2>the last two weeks of December, and I got that thinking,

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<v Speaker 2>oh my god, what And then of course it was

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<v Speaker 2>like here we go again, the same crap that we

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<v Speaker 2>had with the Boeing Max problems where they were rushing

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<v Speaker 2>airplanes through lack of oversight. All we promised to do

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<v Speaker 2>better five years ago, No we're not. We're going to

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<v Speaker 2>do the same stuff over and over. That memo scared

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<v Speaker 2>me to death. And I spent the first couple of

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<v Speaker 2>weeks at the beginning of this year talking about how

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<v Speaker 2>this is a concern, and I was on Boom there

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<v Speaker 2>goes the door plug on a door that didn't even

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<v Speaker 2>have some of the bolts even threaded, let alone titaned.

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<v Speaker 2>So you know, Boeing has got to get to the

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<v Speaker 2>point where they're going to really be held accountable. But

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<v Speaker 2>there's no place for any airline to go to that

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<v Speaker 2>is an alternative to Boeing, because that industry is just

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<v Speaker 2>not competitive enough for us to do anything. Now, it's

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<v Speaker 2>one thing here in the United States to say there's

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<v Speaker 2>some competition. Yes, thank God for the low cost carriers,

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<v Speaker 2>because that's why we have the lowest fairs ever in

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<v Speaker 2>the history of aviation. In fact, someone sent me last

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<v Speaker 2>week a copy of a nineteen sixty two airline ticket

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<v Speaker 2>from the West Coast to Saint Louis and back. It

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<v Speaker 2>was one hundred and I think eighteen dollars round trip,

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<v Speaker 2>and in today's dollars that would be twelve hundred and

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<v Speaker 2>forty two dollars. So the thought is, wait a minute,

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<v Speaker 2>in nineteen sixty two dollars, it would cost you to

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<v Speaker 2>go from the West Coast to Saint Louis and back.

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<v Speaker 2>Twelve hundred dollars is the cheapest coach fair. We now

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<v Speaker 2>can do that for three hundred, two hundred dollars something

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<v Speaker 2>like that. So you know, it's a very cheap way

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<v Speaker 2>to fly or to be transported these days. But the

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<v Speaker 2>problem is these airlines have got to be held accountable.

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<v Speaker 2>And I tell you I've got some real concerns moving forward.

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<v Speaker 2>I hope they're unfounded. But one of the things that

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<v Speaker 2>I can hope for is that Boeing will be given

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<v Speaker 2>the proper you know, oversight, because remember when we had

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<v Speaker 2>the Boeing Max issues all those years ago, airlines around

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<v Speaker 2>the world were grounding those airplanes because we didn't know

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<v Speaker 2>what was happening. We had aviation analysts in this country

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<v Speaker 2>coast to coast, big names that are a lot smarter

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<v Speaker 2>than I am, that were saying, oh, these planes are okay,

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<v Speaker 2>blah blah. And I was on every national show I

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<v Speaker 2>could be on, including Fox, for two weeks screaming against

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<v Speaker 2>those airplanes had to be grounded simply because we did

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<v Speaker 2>not know what was going on. The FAA did not

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<v Speaker 2>ground those airplanes. The airlines that flew those Boeing Max

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<v Speaker 2>Airplanes American United Southwest refused to do so. It took

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<v Speaker 2>President Trump to step in and say ground those airplanes,

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<v Speaker 2>and thank god he did. But far too often the

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<v Speaker 2>airlines tell the government what they're going to do, not

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<v Speaker 2>the other way around. And I don't want to go

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<v Speaker 2>back to that.

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<v Speaker 1>Well, we certainly want to have to face some major

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<v Speaker 1>catastrophe with massive casualties.

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<v Speaker 3>Jay Rattlers say.

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<v Speaker 2>Something we could have seen coming. And that's when all

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<v Speaker 2>those stupid politicians are going to pull a hamstring run

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<v Speaker 2>into the podium to say what they're.

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<v Speaker 3>Going to do about it.

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<v Speaker 1>Yeah, and you'll and you'll be going back read listen

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<v Speaker 1>to the podcast from the last four years on the

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<v Speaker 1>fifty five Case Morning Show.

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<v Speaker 3>I told you so Ati.

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<v Speaker 2>Away at the conversation. I do not want to ask.

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<v Speaker 1>I don't what to have it either, Jay, somebody's gonna

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<v Speaker 1>listen to you. We always end up on hub delays.

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<v Speaker 1>What's it like flying out there today, Jay Rattler, Up.

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<v Speaker 2>You're around Savannah. I got a lot of rain here,

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<v Speaker 2>But other than that, Denver is going to be the

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<v Speaker 2>big issue. They've got some weather related snow and some

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<v Speaker 2>things in or slowing things down, you know. Other than that,

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<v Speaker 2>we're keeping an eye on this disturbance in the golf

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<v Speaker 2>of Mexico that could impact later Houston. But as up today,

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<v Speaker 2>if you're flying, avoid Denver.

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<v Speaker 1>Have a good day, as always, enjoy you being on

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<v Speaker 1>the morning show. Look forward to next Thursday. As I

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<v Speaker 1>always tell you, it's true, and best of health and

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<v Speaker 1>love to you and your better half, my friend.

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<v Speaker 3>Enjoy your weekend. On top of it, you too, my friend.

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<v Speaker 2>Thank you so much.

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<v Speaker 1>It is eight fifty one here fifty five KR see

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<v Speaker 1>the Talks station. Our nation's problems have been building