Speaker 1: Five KERSD Talk Station. A very happy Thursday to you.
Speaker 1: Always a good day when Congressman Moarre and Davidson returns
Speaker 1: of the fifty five KRSE Morning Show. Congressman Davidson, welcome back.
Speaker 1: It's a pleasure to have you on, as it always is.
Speaker 2: Ran It's always an honor. Thanks, good to talk to you.
Speaker 1: And first off, I got to give you a little
Speaker 1: bit of earfull through George Brunneman, who didn't stick around
Speaker 1: to the studio to give it to himself that he
Speaker 1: was hoping that you could do a video for the
Speaker 1: Restore Liberty Fiscal Sanity rally on Sunday. So there you
Speaker 1: make your own decisions. I told him I would pass
Speaker 1: it along and put you on the spot because they've kind.
Speaker 2: Of a little I will find a way that sounds like
Speaker 2: a great thing to do a video for.
Speaker 1: Yeah, there's going to be a lot of them, including
Speaker 1: I believe, I guess vivek Ramaswami is going to be
Speaker 1: providing one and Bernie Moreno as well. So you're in
Speaker 1: good company there and that's a that's a great organization,
Speaker 1: Restore Liberty dot Us. All right, I've taken you off
Speaker 1: the spot and putting you back in your role as
Speaker 1: an elected official in Congress. I don't know which which
Speaker 1: direction you want to start. You perhaps just gauging reaction
Speaker 1: on the whole tariff situation. I guess everybody got all
Speaker 1: their money back. Yesterday when Donald Trump said he was
Speaker 1: sitting down with what seventy five countries expressed the desire
Speaker 1: to negotiate and work out something, including Canada, that sounded like,
Speaker 1: you know, they wanted to push down for maybe open
Speaker 1: free trade, open trade, and maybe just get rid of
Speaker 1: tariff's all together, but at least sitting down at the
Speaker 1: table and talking about it resulted in this ninety day pause,
Speaker 1: which the markets exhaled and went through the roof. Your
Speaker 1: reaction to all this going on.
Speaker 2: I love it when a plan comes together. You know,
Speaker 2: people are like, oh, Trump folded like no, this was
Speaker 2: its total bait the whole time, and it took this.
Speaker 2: I mean the crazy thing is people were like, well,
Speaker 2: why didn't he just get everybody to work together before? Well,
Speaker 2: he tried his whole first term, and he told people
Speaker 2: as he was meeting with them since since June of
Speaker 2: twenty twenty three. He put out a video in June
Speaker 2: of twenty twenty three saying exactly what he was going
Speaker 2: to do on his campaign website, and then he got
Speaker 2: an office and people acted surprise he did it. It's
Speaker 2: like why would you? I mean, he says he's going
Speaker 2: to do things, he does them in his campaign promises,
Speaker 2: and this is one of them. And the big thing
Speaker 2: that people didn't get about, why are you putting tariffs
Speaker 2: on our allies? Well, one, they're not treating as fairly,
Speaker 2: that's true, but the biggest thing is they refuse to
Speaker 2: help with China. So what happened is China misplayed this badly,
Speaker 2: and now we've built a coalition. We've set up the
Speaker 2: opportunity to get the allies, our supposed allies, and the
Speaker 2: people that came forward and said, well help. Part of
Speaker 2: helping isn't just fixing your trade relationship with us, it's
Speaker 2: fixing our collective trade relationship with China. China's been taking
Speaker 2: advantage of everyone, stealing our intellectual property, blocking market access.
Speaker 2: And part of why China has no leverage they don't
Speaker 2: allow us access to their market. So, okay, put your
Speaker 2: tariffs at whatever you want, but it's not going to
Speaker 2: hurt us as much as our tearifts are hurting you,
Speaker 2: and that's what you're seeing turmoil in the bond market
Speaker 2: because China needs to keep selling off things to create
Speaker 2: liquidity to hold their currency pegged love it's their currency
Speaker 2: manipulation practice. So this is a well crafted play. It's
Speaker 2: a big part of why Scott Bessant became the Secretary
Speaker 2: of Treasury.
Speaker 1: Yeah, and I was just going to bring Scott beston
Speaker 1: up because yesterday he said, in response to that eighty
Speaker 1: four percent additional tariff, China added because they're going the
Speaker 1: opposite direction rather than negotiate something with us, they hoped
Speaker 1: on a much bigger tariff. So what we're a one
Speaker 1: twenty five and they're kind of close to that at
Speaker 1: this point. But he said they may delist Chinese stock
Speaker 1: from American exchanges. That would happen. That would be a herd,
Speaker 1: that would sting.
Speaker 2: Yeah, We've got a lot of tools that we could
Speaker 2: use to go through China. I mean right now, that's
Speaker 2: one of the things. And you know, honestly, China gets
Speaker 2: special treatment to even be listed. Normally, you have to
Speaker 2: be fully audited by a firm recognized by you know,
Speaker 2: the New York Stock Exchange. For example, Masdak whatever, you
Speaker 2: have credible audits. But China's stocks are essentially tracking stocks
Speaker 2: because they're they're not going through the same level of scrutiny,
Speaker 2: and so you could easily just hold the Chinese company
Speaker 2: to the same standard as everyone else, and while they
Speaker 2: would be delisted. We've got nearly three hundred thousand students
Speaker 2: in the United States from China. America has about thirty
Speaker 2: thousand students in China. So we go ahead and say, well,
Speaker 2: you know, you can't study here. And honestly, China expects
Speaker 2: their students to spy on Americans in order to be
Speaker 2: eligible for the student visa. So you know, there are
Speaker 2: all kinds of tools that we could use here. And look,
Speaker 2: I think, honestly, Donald Trump, Scott Bessant, myself, and most
Speaker 2: of my colleagues, we would love to have a friendly
Speaker 2: relationship with the people of China. Chishi Ping, he's not
Speaker 2: that kind of guy. He's not the same guy that
Speaker 2: Doung Chaoping was. And that's the kind of deal that
Speaker 2: happened that opened up China is you had kind of
Speaker 2: this mindset that we can engage and bring China into
Speaker 2: the fold. Now they may have been dishonest, the entire time.
Speaker 2: But culturally the phenomenon in China is just radically different
Speaker 2: under Chizhuping than it was under Hu Jintao. And you know,
Speaker 2: if you follow anything much about China and who Jintao was,
Speaker 2: the guy that chijupin purp walked out of the People's
Speaker 2: Congress at the last time. He was the former president,
Speaker 2: former leader, chairman of the Pennese Communist Party, and just
Speaker 2: a very different kind of approach to foreign engagement. And
Speaker 2: chijupinion is essentially like Mount mal Or.
Speaker 1: I was going to say Stalin, but yeah, very so,
Speaker 1: very reminiscent of the Soviet Union. If you disagree with
Speaker 1: or represent some sort of threat to the leader, then
Speaker 1: you tend to disappear and are used to be. They
Speaker 1: eradicated you from photographs. Even I thought that using old
Speaker 1: technology they could erase people's existence. Kind of very Orwellian.
Speaker 1: Oh maybe that's why he wrote nineteen eighty four. Anyway,
Speaker 1: turning over to the Senate budget resolution, which I saw,
Speaker 1: Speaker Johnson canceled a vote yesterday evening on the Senate
Speaker 1: budget proposal. Apparently there's some good holdouts in Congress that
Speaker 1: want to get more promises of cuts. And my understanding
Speaker 1: is the Senate proposal only cuts four billion over ten years,
Speaker 1: which is like how much we spill on a daily basis,
Speaker 1: and House Republicans were looking for more like two trillion
Speaker 1: in cuts. Where are we on this?
Speaker 2: Congressman Davidson, Well, I couldn't support the Senate version, and
Speaker 2: honestly so, I was in negotiations with the Speaker, you know,
Speaker 2: really all week, but we basically closed the doors and
Speaker 2: sat there from like six pm until eleven last night
Speaker 2: trying to negotiate some sort of way around this. The
Speaker 2: Senate doesn't really want to be bound to the House's number,
Speaker 2: and look, bad news doesn't get better with time. I mean,
Speaker 2: if they say, oh, we can find the votes, well,
Speaker 2: don't find the votes three months from now. Find the
Speaker 2: votes now. And you know they're having a hard time
Speaker 2: getting people in the Senate to commit to promising to
Speaker 2: save money, let alone on final passage. When all the
Speaker 2: deals put together, then there'll be a lot of pressure
Speaker 2: to get it done because the tax cuts will have
Speaker 2: been negotiated, the spending cuts will have been negotiated, the
Speaker 2: debt ceiling limit will have been agreed to. And here's
Speaker 2: the thing. The House said, look, in exchange for one
Speaker 2: and a half trillion in it as a floor, we
Speaker 2: will raise the debt limit by four trillion dollars. Now,
Speaker 2: when are you going to normally make a loan? For
Speaker 2: the loan officers out there listening, when are you going
Speaker 2: to make a loan of four trillion dollars when somebody
Speaker 2: promises to only find a way to come up with
Speaker 2: one and a half trillion, and you know darn well
Speaker 2: that they actually over a ten year period, don't need
Speaker 2: four trillion, they need eighteen trillion, right, who's going to
Speaker 2: make that loan? Well, that's what that's what basically Congress
Speaker 2: is doing with either of these bills. So even the
Speaker 2: House bill isn't very good. But instead of one and
Speaker 2: a half trillion dollar floor, the Senate bill said, we'll
Speaker 2: see your four trillion and we'll raise it. We want
Speaker 2: five trillion, and we're only going to commit to four
Speaker 2: billion in savings, which is like a day of interest
Speaker 2: payments exactly. That's insane. That's insane, and you know there's
Speaker 2: no Now, they promised privately in the Senate part of
Speaker 2: how they got some of these good senators to go
Speaker 2: along with it. They promised privately, Well, we're really going
Speaker 2: to come up with two to three trillion, put it
Speaker 2: on paper exactly pross conference in publicans say it at least,
Speaker 2: but they're all, well, but in the quiet whispers behind
Speaker 2: the closed doors, you know, we really think we can
Speaker 2: come up now we're done with the hollow promises stuff.
Speaker 2: That's that's basically how you we got into this mess,
Speaker 2: not because Conservatives held up things. We got in this
Speaker 2: mess because of bipartisan bankrupt America policies have got us
Speaker 2: thirty six train in debt.
Speaker 1: Yeah, I'm glad you said bipartisan banker of American policies,
Speaker 1: because let's face it, the Republicans own the Senate, and
Speaker 1: maybe not by much, but they still do. They control it.
Speaker 1: They have the majority of votes saying with the House
Speaker 1: this this, it's as if they're they're they're passing up
Speaker 1: a golden opportunity with all of the spotlight that's being
Speaker 1: shed by the Department of Governmental Efficiency on all of
Speaker 1: the fraud wasted abuse in government. These are hard earned
Speaker 1: taxpayer dollars taken from our wallets because we labored for it,
Speaker 1: and they don't seem to care a whit about where
Speaker 1: the money goes that message has been projected loud and
Speaker 1: creative American public. We get it. We understand that more
Speaker 1: people are outraged by it. Thanks to the work of Doge.
Speaker 1: This seems it's like the best possible time in this
Speaker 1: in the history or at least as long as I've
Speaker 1: been living, to make make an argument for genuine cuts
Speaker 1: to the government spending.
Speaker 2: Yeah, I've never seen more momentum in the public and
Speaker 2: the popular consciousness behind less government. And you just got
Speaker 2: to be honest. If you find somebody right now that
Speaker 2: is not going to say they'll vote for less government
Speaker 2: in light of the environment we're in right now, they
Speaker 2: don't want less government, you know. I mean there's people
Speaker 2: that could get boxed into less government because they know
Speaker 2: that's what the momentum with the public is. The idea
Speaker 2: that we're going to move this and not actually deliver
Speaker 2: less government, to me is insane. And look the President's
Speaker 2: and out look, we're going to get at least a
Speaker 2: trillion dollars in cuts and all that, and that's important.
Speaker 2: But the lack of trust isn't what Donald Trump. It's
Speaker 2: not what the team he's hired. Those guys are great.
Speaker 2: It's with the Senate. The Senate always fails us, and
Speaker 2: you look at it like where's the pressure. There's always
Speaker 2: like pressure on House conservatives, and you know the reason
Speaker 2: we can't have nice things is conservatives in the House.
Speaker 2: Right when was their pressure on the Senate? I mean,
Speaker 2: there's not even a crossword to a Senator. When was
Speaker 2: their pressure on the Senate when they were negotiating this
Speaker 2: crap deal of four billion dollars in savings that's crazy.
Speaker 2: As they were doing that, where was the pressure being
Speaker 2: applied to the Senate? So right now, I think that's
Speaker 2: the thing that's like, You've got a couple dozen of
Speaker 2: us that are just like, look, I can't vote for
Speaker 2: this thing without something further. And then you know, there's
Speaker 2: there's jet fumes out here and everybody wants to get
Speaker 2: out of town for Eastern Break and Passover and all that.
Speaker 2: You know, maybe that'll make everybody come come together and
Speaker 2: do a reasonable deal. But I think those of us
Speaker 2: that are dug in on we're bankrupting America and I'm
Speaker 2: not going to participate in it, are in for the fight.
Speaker 2: And it's like, look, we don't want to be obstructionist
Speaker 2: in the sense of you know, getting the agenda done,
Speaker 2: but we do want to be obstructuralist. If you're planning
Speaker 2: on driving to the crash site, lasting us in a
Speaker 2: debt bomb, we don't want to participate in that.
Speaker 1: Yeah, history will remember who fought for the fiscal responsibility
Speaker 1: and who let us well down this existential threat, which
Speaker 1: is the you know, essentially thirty six trillion and growing
Speaker 1: every moment. While we speak deficit we have, it's just
Speaker 1: it's it's crazy. I mean, no one can project down
Speaker 1: the road how this can work out successfully, and that
Speaker 1: is a reality no one can hide from. So you know,
Speaker 1: we're going to we're going to spend ourselves into oblivion
Speaker 1: and we're going to collapse the fiat currency, which will
Speaker 1: basically mean the ant of the American economy.
Speaker 3: Congressman Davidson, Yeah, I mean, and look when when the
Speaker 3: US US dollar, when the US economy has time borrowing
Speaker 3: funding treasuries, that's not like you know when Gerise had
Speaker 3: a hard time borrowing it or whatever.
Speaker 2: We are the market. I mean, people go to the
Speaker 2: dollar for the hedge, They buy US treasuries for security instability. Yes,
Speaker 2: I mean, we not only have about five percent of
Speaker 2: the world's population four and a half or so, we
Speaker 2: get over fifty percent of the world's capital invested in
Speaker 2: our markets. Yeah, I mean so truly. Like the idea
Speaker 2: that the United States could have problems with our economy
Speaker 2: in the world economy be okay, is crazy. I mean
Speaker 2: it is, and that's kept us propped up for a
Speaker 2: long time things that everybody knows isn't sustainable, and that's
Speaker 2: led people to falsely believe that, well, we can keep
Speaker 2: doing this. We can just print money. You know, we
Speaker 2: have the reserve currency. We can just spend more money
Speaker 2: and death sits don't matter. I think, well, DEFs, it
Speaker 2: don't matter. Why bother collecting taxes? I mean, I used
Speaker 2: to be part of the reason why why people said, well,
Speaker 2: we want to hold the taxes low because they'll hold
Speaker 2: down the size and scope of government. But they've blown
Speaker 2: way past that. There's not even a talk about balancing
Speaker 2: the budget at this point.
Speaker 1: Conor some more and Davidson wish we had more time.
Speaker 1: We are out. I appreciate your willingness to talk with
Speaker 1: my listeners of me this morning, and I'll look forward
Speaker 1: to having a conversation again. Meanwhile, keep fighting a good fight.
Speaker 1: We've got a golden opportunity right here now.
Speaker 2: YouTube Brian God bless you and all your listeners.
Speaker 1: Take care. Seven fifty three fifty five CARES Detalk Station
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