Speaker 1: You're listening to KFI AM six forty on Demand.
Speaker 2: Sixty more stimulating talk Chris Merrill. So, if you missed it,
Speaker 2: the President introduced tariffs on all vehicles that are produced
Speaker 2: outside of the United States and tariffs on all car
Speaker 2: parts that are produced outside of the United States. This
Speaker 2: is going to have an impact. It's going to have
Speaker 2: an impact on the new car market, and I'm going
Speaker 2: to tell you in a minute that it's going to
Speaker 2: have an impact.
Speaker 3: On the used car market as well.
Speaker 2: NBCLA was doing a breakdown on what this means to
Speaker 2: you inside.
Speaker 3: The Oval Office. President Trump explains what he just signed, so.
Speaker 4: Will effectively be charging a twenty five percent tariff. But
Speaker 4: if you build your car in the United States, there's
Speaker 4: no tariff.
Speaker 5: The tariff's go into effect permanently on April second, when
Speaker 5: it comes to trade. That's the day the President has
Speaker 5: referred to as Liberation Day in America.
Speaker 4: This is the beginning of Liberation Day in America.
Speaker 2: Oh wait a minute, hold on, So March twenty sixth,
Speaker 2: and well, just mark down March twenty six for our
Speaker 2: Liberation Day celebrations moving forward, thank you, We'll just call
Speaker 2: it l Day.
Speaker 4: We're going to take back just some of the money
Speaker 4: that has been taken from US.
Speaker 6: And this is a direct attack, to be clear, a
Speaker 6: direct attack.
Speaker 5: Autos are Canada's second largest export, and tonight Prime Minister
Speaker 5: Carney says he will assess the details of the Trump
Speaker 5: decision before taking retaliatory measures.
Speaker 2: Oh, they're coming. There will be retaliatory measures, but.
Speaker 5: Vowing to protect hundreds of thousands of Canadian auto workers,
Speaker 5: we are going to.
Speaker 3: Stand up for Canada. We're going to be united.
Speaker 5: In Japan, autos make up twenty eight percent of the
Speaker 5: country's total exports to the US.
Speaker 3: Wow, I realized it was that much.
Speaker 5: I chibunk kak, Japan's Prime Minister Isshub, telling lawmakers he
Speaker 5: is strongly requesting the US not to apply these tariffs
Speaker 5: to Japan and is quote considering all options in response
Speaker 5: to them. President Drum said he expects auto firms to
Speaker 5: relocate to the United States and build new sites or.
Speaker 3: Expand existing ones. And of course there are some here.
Speaker 2: We know that Honda's open site, Hyundai's open the site,
Speaker 2: Toyota's got a plant here.
Speaker 3: But still parts.
Speaker 2: Aren't necessarily being manufactured here. In fact, many parts for
Speaker 2: domestic automakers are manufactured elsewhere.
Speaker 5: These twenty five percent terris will almost certainly increase the
Speaker 5: cost consumers will pay to buy new vehicles affected by
Speaker 5: the duties. We wait to see how the stock market
Speaker 5: will react when it opens, but shares of the top
Speaker 5: us automakers did fall sharply in after hours trading. So
Speaker 5: just how will these tariffs impact you?
Speaker 3: Well?
Speaker 5: According to autoweek, prices will go up and be passed
Speaker 5: on to buyers. Autoweek says, depending on the model you purchase,
Speaker 5: expect to pay between four and twelve thousand dollars more.
Speaker 2: I'm Robert Cathosik, all right, so four and twelve thousand
Speaker 2: dollars more. By the way, I'm looking at the market
Speaker 2: right now, and the Dow is pretty flat. Ford is
Speaker 2: down four percent though, so we are seeing that there
Speaker 2: are some some of these movers that are moving in
Speaker 2: the wrong direction. But overall, let me see, S and
Speaker 2: P is up, no, slightly up, it's about flat, and
Speaker 2: NASDAK is just up thirty five points.
Speaker 3: So what does this mean to your pocketbook?
Speaker 2: It means that if you want to buy a car,
Speaker 2: it's gonna cost you more, and that doesn't just go
Speaker 2: for new cars. That's going to go for used cars too.
Speaker 2: And here's the logic, it's pretty basic economics. The price
Speaker 2: of the new cars goes up four to twelve thousand dollars,
Speaker 2: so you say, well, I'm not going to give four
Speaker 2: to twelve thousand dollars more for that new car. I'm
Speaker 2: gonna buy a gently owned, gently loved used car. Maybe
Speaker 2: it's a certified pre owm doesn't matter.
Speaker 3: You're not the only.
Speaker 2: One doing that, which means that demand for used cars
Speaker 2: goes up. If new cars are up four to twelve
Speaker 2: thousand dollars, you're going to start looking at a gently
Speaker 2: pre owned vehicle, and so is everybody else. If demand
Speaker 2: goes up and supply remains the same, then you're going
Speaker 2: to see.
Speaker 3: The prices go up.
Speaker 2: Expect supply, however, in the used car market to decline.
Speaker 2: And the reason is if you are considering a new vehicle,
Speaker 2: but all of a sudden, that new vehicle price goes
Speaker 2: up four to twelve thousand dollars.
Speaker 3: You might say, let's see, let's say.
Speaker 2: Much longer I can push this one because there is
Speaker 2: no cost in new car payments if you're still driving
Speaker 2: the old car. Now, the old car costs might go
Speaker 2: up because of maintenance, but your other costs they don't increase.
Speaker 2: So the best way to save money is to not
Speaker 2: buy a new vehicle. The longer you make your car last,
Speaker 2: the more value you get out of it. And as
Speaker 2: a result, fewer cars will be entering into the used
Speaker 2: car market, which means supply drops at the same time
Speaker 2: that demand is up. Expect to see use cars increase
Speaker 2: in price in the same way that we're about to
Speaker 2: see these vehicles go up in price. Now, one interesting
Speaker 2: little tidbit too on the side here is that Tesla
Speaker 2: is the ones least likely impacted by the US tariffs
Speaker 2: on vehicles because Tesla does their manufacturing here in the
Speaker 2: United States. So some are gonna You're going to hear
Speaker 2: people screaming about how this is an unfair trade advantage
Speaker 2: being granted to Tesla, and this is all elon musk.
Speaker 3: And YadA, YadA, YadA.
Speaker 2: Don't I don't buy that this falls under the president's
Speaker 2: tariff philosophy. It just happens that his top advisor is
Speaker 2: a South African born in Canada and doing business in
Speaker 2: the United States, and he will benefit from this to
Speaker 2: a degree because as soon as there are retaliatory tariffs.
Speaker 2: That's when Tesla's gonna get stung. And we already know
Speaker 2: that he's been trying to crack into the Chinese market
Speaker 2: that hasn't gone very well. Chinese BYD auto manufacturer actually
Speaker 2: just introduced some new chargeing technology, new battery technology that
Speaker 2: is superior to anything that we have state side. If
Speaker 2: Japan all of a sudden says oh you're going to
Speaker 2: tear if our cars, We're definitely going to hit any
Speaker 2: vehicles that are coming out of the United States, that's
Speaker 2: going to have an impact on US automakers, including Tesla,
Speaker 2: and Tesla of course wants to see growth in Europe,
Speaker 2: and Europe's going to say, uh new it take a
Speaker 2: long walk of the shoot bridge and then it's gonna hit.
Speaker 2: It's gonna hit him, but not until there are retaliatory
Speaker 2: tariffs and when there are, expect to hear more bad
Speaker 2: French accents from yours truly, Chris.
Speaker 3: Merrill Live everywhere in the iHeartRadio app.
Speaker 1: You're listening to KFI AM six forty on demand.
Speaker 2: KFI AM six forty on demand anytime the iHeart Radio app.
Speaker 2: We know that we've had a couple of high profile
Speaker 2: swatting incidents in southern California here and the last few weeks,
Speaker 2: we're actually seeing a number of swatting incidences, incidents, incidents
Speaker 2: growing nationwide. In fact, one happened to a radio host,
Speaker 2: syndicated host out of Texas, and the FCC chair Brendan Carr,
Speaker 2: actually got in on this. He was mentioning that it
Speaker 2: was politically motivated, but he says he called it political violence,
Speaker 2: saying that he had been in touch with law enforcement
Speaker 2: to ensure that they have access to trace back resources
Speaker 2: that locate the calls originating point.
Speaker 3: Bad actors will face accountability.
Speaker 2: That according to the FCC, when it comes to some
Speaker 2: of these others incidences incident SI. But what about closer
Speaker 2: to home, Well, believe it or not, you can't do
Speaker 2: a whole lot if somebody swats, and by swatting, I
Speaker 2: mean they call in law enforcement and they file a
Speaker 2: false claim saying oh there's a bomb or something, you
Speaker 2: can't really do a whole lot about it if it's
Speaker 2: if it's done against an institution. Now, if Amy were
Speaker 2: to say that that Chris Merrill has a bomb, then
Speaker 2: she would be committing a crime. If in fact, she
Speaker 2: were to say that something's happening at the radio station
Speaker 2: right now. In the state, you can't do with a
Speaker 2: lot as far as prosecution goes. Which brings us to
Speaker 2: what we saw in Clarmont where uh, I mean, if
Speaker 2: if you're saying it's happening at a hospital or a
Speaker 2: college or something of that sort.
Speaker 3: What what can be done?
Speaker 4: Well?
Speaker 2: Legislators aren't tackling the matter. Cakew was reporting that Claremont.
Speaker 7: Pete says the intent to prosecute the people who recently
Speaker 7: pulled a swatting incident here, but they're often hard to
Speaker 7: track down and to prosecute. They're hoping some new laws
Speaker 7: will change that. Massive law enforcement responses at both Claremont
Speaker 7: McKenna College and Lowilinda University Medical Center last week after
Speaker 7: two separate swatting calls or popes at nine to one
Speaker 7: one reports in two days, required both campuses to be evacuated.
Speaker 6: Then here there's like a potential shooter, like yeah, yeah,
Speaker 6: that's it's also quite disruptive too.
Speaker 2: I mean, you're not just disrupting one person. You're talking
Speaker 2: about disrupting the operations of a hospital.
Speaker 7: Send students in Claremont into a panic.
Speaker 3: Everyone else was kind of running around and leaving campus.
Speaker 1: So it's scary, very freaky.
Speaker 3: I was on the phone calling all of my.
Speaker 7: Friends at a time when swatting calls are on the
Speaker 7: rise across the country. I just said that, why are
Speaker 7: police departments here in California struggling to hold the suspects
Speaker 7: account of why?
Speaker 8: You can hide your regular phone number, your IP address.
Speaker 8: You can basically use a voiceover for you, your own voice,
Speaker 8: so it disguises your voice. So any of that type
Speaker 8: of evidence we're looking for is very hard to track down.
Speaker 7: But it's also because of California laws that require at.
Speaker 2: Some point, speaking of disguising your voice, at some point
Speaker 2: one of us is gonna get wrapped up in a
Speaker 2: in a legal matter. You know that, right at some
Speaker 2: point they're gonna they're gonna take samples of Bill's voice
Speaker 2: or Amy's voice, or Neil Savadra's voice, and they're gonna
Speaker 2: use AI to process it, and then they're gonna have
Speaker 2: what sounds like Neil or Amy or Bill make a
Speaker 2: dastardly call, and then there's gonna be a knock on
Speaker 2: the door.
Speaker 3: Ah.
Speaker 2: Yes, mister handle, we'd like to talk to you about
Speaker 2: a recent phone call you made and Bill's gonna go
Speaker 2: I don't even know how my cell phone works. I
Speaker 2: have and make the calls for me. But this is
Speaker 2: gonna happen. You're gonna you're gonna start getting You're gonna
Speaker 2: start getting h crank calls from Keanu Reeves, from Taylor Swift,
Speaker 2: You're gonna start getting crank calls from all kinds of
Speaker 2: celebrities whose voices have simply been emulated by AI mark
Speaker 2: my words.
Speaker 7: But it's also because of California laws that require perpetrators
Speaker 7: here to threaten specific people instead of just an entity
Speaker 7: like a school or a hospital in order to prosecute.
Speaker 8: So what do we do to especially since there now
Speaker 8: reaching across the US and people are realizing this is
Speaker 8: a bigger issue than what we're actually thinking about.
Speaker 9: This bill really is going to tackle that loopo where
Speaker 9: you don't need to mention a person and it's still
Speaker 9: against the law.
Speaker 7: The Senators Susan Rubio, who represents Baldwin Park, authored a
Speaker 7: new Senate built SB nineteen, which allows prosecutors to charge
Speaker 7: people who make any credible threats of mass violence at schools,
Speaker 7: houses of warship.
Speaker 3: I mean, this one seems like a no brainer. Why
Speaker 3: did it take so long?
Speaker 9: Children deserve better, our students, our communities deserve better. So
Speaker 9: hopefully you know, this will set a strong message.
Speaker 7: Students we spoke with think threats of violence should not
Speaker 7: be tolerated.
Speaker 3: If it negatively impacts the community that it affects.
Speaker 6: It negatively impacts the police because they could be doing
Speaker 6: a myriad of other things.
Speaker 2: And yeah, this is not a free speech issue because
Speaker 2: this is intended to incite immediate reaction. For those of
Speaker 2: you that say, well, I was my speech not protecting, No, no,
Speaker 2: this is the definition of an exception to free speech.
Speaker 2: It is intended to incite immediate reaction here and in
Speaker 2: this case violence or at the very least, disruption by
Speaker 2: the authorities.
Speaker 3: So no false threats, not okay.
Speaker 7: And Senator Rubio says these swatting calls often cost one
Speaker 7: hundred thousand dollars in police response when you factor in
Speaker 7: things like helicopters and getting responding agencies out to help
Speaker 7: clear campuses. She says it's important for parents to talk
Speaker 7: to their kids about how serious it is to make
Speaker 7: a threat. But you know, sometimes the people who do
Speaker 7: these swatting calls are adults reporting in Claremont Nicolecommstock k
Speaker 7: CAL News.
Speaker 3: Yeah.
Speaker 2: I think oftentimes we and I'm glad you made that
Speaker 2: point because oftentimes I think we say, oh, the kids
Speaker 2: these days, here's what they're doing.
Speaker 3: I don't think so.
Speaker 2: I think sometimes you've just got some disgruntled or off
Speaker 2: kilter people that they're bored.
Speaker 3: They like the challenge or the adventure. They like to
Speaker 3: make people jump.
Speaker 2: Maybe they are sitting alone in their home and they
Speaker 2: feel powerless and this gives them some element of control.
Speaker 2: I'm sure there's a psychological factor to this, but either way,
Speaker 2: we've got to tighten the laws up so that we
Speaker 2: can track these people down and stop the sort of
Speaker 2: nonsense in the future. Okay, I A six forty were
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Speaker 1: You're listening to KFI AM six forty on demand AM.
Speaker 2: Six forty on demand anytime the iHeartRadio app.
Speaker 3: There is an issue with some.
Speaker 2: Of the DNA samples that the La County Sheriff's Department
Speaker 2: had tested in the past. Now they have to retest
Speaker 2: them all because somebody didn't get an email.
Speaker 3: Oops.
Speaker 6: So very bizarre situation about how all of this went down.
Speaker 6: So here's the thing. The Sheriff's apartment over at their
Speaker 6: science lab has a series of DNA tests that they
Speaker 6: use for various crimes like sex crimes, DNA and murders,
Speaker 6: all kinds of different things. So here's the deal. The
Speaker 6: company that provides those tests for them notified the Sheriff's
Speaker 6: partment that the tests that they had were bad. The
Speaker 6: problem is that the company sent a letter to a
Speaker 6: person who no longer works at the sheriff's department.
Speaker 3: Oops, yeah, that's a problem.
Speaker 6: So that happened more than a year ago, and so
Speaker 6: for the last amount of time since that letter was
Speaker 6: sent out, the Sheriff's Partment continued to use those tests,
Speaker 6: not knowing that they were actually bad.
Speaker 3: Here's the thing.
Speaker 6: The company that runs the testing program says it doesn't
Speaker 6: provide false positives, but it's just not as reliable as
Speaker 6: they should be. So what happens now Now the department
Speaker 6: is trying to retest four thousand DNA samples to figure
Speaker 6: out if everything is still okay with the way it
Speaker 6: was tested the first time. The problem is, as we
Speaker 6: reported before, in certain crimes, in certain situations, there's not
Speaker 6: a lot of DNA evidence to test. So in some cases,
Speaker 6: there may be none left to retest with these cases.
Speaker 3: Uh oh, that's a problem now.
Speaker 2: Isn't it interesting that this email got sent to somebody
Speaker 2: that's no longer with the sheriff's department, which means either
Speaker 2: they left the sheriff's department and the email was taken away,
Speaker 2: which means that the email was sent to a box
Speaker 2: it no longer exists and it's up in the ether.
Speaker 2: And I don't know if they got a return message
Speaker 2: at the manufacturer, but they didn't do any other follow up.
Speaker 2: They certainly didn't send a second notice, third notice, another
Speaker 2: way of contacting. Or it's somebody that was terminated from
Speaker 2: the sheriff's department, in which case maybe they're even getting
Speaker 2: the notification and they're going, well, shouldn't.
Speaker 3: Have fired me, and then they delete the email.
Speaker 2: To be honest, I would have done that unless I
Speaker 2: thought that it was putting somebody in jail, you know, wrongly,
Speaker 2: then I would probably follow up. But if I thought
Speaker 2: that you know what this is on you guys, yeah,
Speaker 2: I probably would have just the leader of the email
Speaker 2: and been like, shouldn't have fired me?
Speaker 6: Now, what does this mean for all of the cases
Speaker 6: that have already gone through judicial system using these now
Speaker 6: hampered essentially DNA tests. Well, the District Attorney's office is
Speaker 6: working with the sheriff to try to sort all of
Speaker 6: that out. Defense attorneys could certainly get a hold of
Speaker 6: this and demand that certain things be retested or retried,
Speaker 6: and they could have a very big implication for the
Speaker 6: criminal justice system.
Speaker 3: We'll have to wait and play that out.
Speaker 6: By the way, the Sheriff's department is the only one
Speaker 6: that's come forward and told us about this issue, but
Speaker 6: we are told that other law enforcement agencies in the
Speaker 6: county also use that company. So we're reaching out to
Speaker 6: the different agencies throughout LA County to figure out if
Speaker 6: anybody else has been impound by this tests. But we
Speaker 6: are talking thousands of bad DNA tests at least with
Speaker 6: the Sheriff's department.
Speaker 2: Gests and that's just the Sheriff's department. As he said,
Speaker 2: this could be this could have a wider fallout. And
Speaker 2: if I'm a if I am a defense attorney, I'm
Speaker 2: salivating right now. I mean salivating, not like into a
Speaker 2: sample tube that they can future test, but I'm salivating
Speaker 2: like figuratively speaking, that would be.
Speaker 3: They got to be very excited about that.
Speaker 2: Okay, if I AM six forty were live everywhere on
Speaker 2: the iHeartRadio.
Speaker 1: You're listening to KFI AM six forty on demand.
Speaker 3: I'm there.
Speaker 2: I've told the story before, but I don't think I've
Speaker 2: told it on the morning show, so I'm gonna do
Speaker 2: it again. First came to California in twenty twelve and
Speaker 2: I rolled in. I worked in San Diego and I
Speaker 2: rolled in. They were putting me up at a resort,
Speaker 2: which was nice until I got the tax bill on
Speaker 2: that that was fun.
Speaker 3: So I roll up into this resort.
Speaker 2: It was February the twentieth, I believe, And as I
Speaker 2: pull into this resort, I had left.
Speaker 3: I was working in Kansas City, and I left Kansas City.
Speaker 2: I pull into this resort, you know, drive, drove across country,
Speaker 2: pull in, and as I'm driving in in February, there's
Speaker 2: girls standing in the parking lot in bikinis, and I thought,
Speaker 2: I'm never leaving California.
Speaker 3: This is the most amazing thing ever.
Speaker 2: So I start working at this radio station and great stations,
Speaker 2: still love it. Fantastic people there, and I hear about
Speaker 2: this high speed rail project.
Speaker 3: Again.
Speaker 2: This is twenty twelve, so still in the planning stages,
Speaker 2: and they said, well, you know, I was given a
Speaker 2: little bit of the backstory in I hadn't heard about
Speaker 2: it until then, and I'm giving the backstory. And they said, well,
Speaker 2: the voters approved this eight billion dollars to go towards
Speaker 2: starting this high speed rail and eventually it's going to
Speaker 2: run from the Bay Area and eventually it'll go from
Speaker 2: the Bay Area all the way to San Diego. But
Speaker 2: initially they want to get it from Bay Area and
Speaker 2: Sacramento to Los Angeles. And I thought, well, that sounds ambitious,
Speaker 2: and they said yeah.
Speaker 3: And the.
Speaker 2: The projections are already at I don't know what it
Speaker 2: was at the time, twenty five billion dollars or something
Speaker 2: like that. So shortly after I get there, they go, uh, oh,
Speaker 2: we're gonna need more money. Projections are now up to
Speaker 2: thirty billion or forty billion dollars, whatever it was. And
Speaker 2: I said, I've seen this play out before. I've been
Speaker 2: fired from enough stations and enough cities to see how
Speaker 2: government waste is ubiquitous. It is not a California problem.
Speaker 2: It happens everywhere.
Speaker 3: You have people.
Speaker 2: It's sort of like when you go to a buffet
Speaker 2: and your eyes are bigger than your stomach.
Speaker 3: That's what happens.
Speaker 2: When the politicians get just an iota of power. They go,
Speaker 2: we want to do this grand project, and they want
Speaker 2: to attach their names to it.
Speaker 3: Right.
Speaker 2: So Governor Brown really wanted to have this high speed rail.
Speaker 2: He says, this is going to be great, and they
Speaker 2: all push for it. And you had a bunch of
Speaker 2: the politicians and Sacramento patting themselves in the back.
Speaker 3: This is gonna be spectacular.
Speaker 2: And I went, wait a minute, the voters approved eight
Speaker 2: billion dollars. You're already up to forty or fifty billion dollars.
Speaker 2: Just said you, mark my words, this is gonna go
Speaker 2: up to one hundred billion dollars. And what I didn't
Speaker 2: realize is how wrong I was, because we blew past
Speaker 2: one hundred billion.
Speaker 3: Dollars a long, long time ago, long time ago. And
Speaker 3: what do we have to show for it?
Speaker 2: Raise your hand if you have ridden the high speed
Speaker 2: rail in California?
Speaker 3: Anybody, anybody? Anybody?
Speaker 2: Oh yeah, we are well over the initial projections. And
Speaker 2: not a single person has ever taken a single ride
Speaker 2: because there's.
Speaker 3: No train on any track.
Speaker 2: And yet the most Bruce Wayne looking politician in history,
Speaker 2: our Governor. Governor Batman is now saying, oh, it's on
Speaker 2: its way.
Speaker 3: Off we go.
Speaker 10: As I say we did the railhead. We're starting to
Speaker 10: lay track. This thing's starting to get very very real, is.
Speaker 3: It, though? You're starting to lay track?
Speaker 2: Well good, because you know you've gotten enough money and
Speaker 2: the projections are already at one hundred and twenty five
Speaker 2: billion dollars, and lord knows, we'd like to see something
Speaker 2: out of it.
Speaker 3: But where we lay in track? Is it coming out
Speaker 3: of the Bay Area?
Speaker 2: Is it somewhere in in Riverside?
Speaker 3: No?
Speaker 2: No, We've spent all this money on the easiest part
Speaker 2: thus far, between Bakersfield and Mercet.
Speaker 3: But wait, there's more. CACRA had the story.
Speaker 11: Governor Gavin Newsom defending California's high speed rail project on
Speaker 11: his latest podcast episode, released Wednesday morning. The project, originally
Speaker 11: pitched to voters in two thousand and eight as a
Speaker 11: bullet train between La to San Francisco, is significantly short
Speaker 11: on funds and nowhere near finished.
Speaker 3: Yeah, it's barely started.
Speaker 11: The state has so far spent about fourteen billion dollars
Speaker 11: and needs more than double that just to finish the
Speaker 11: first line between merced and Bakersfield.
Speaker 2: The first line across the easiest part where they had
Speaker 2: to do the least amount of modifications to infrastructure, housing, zoning,
Speaker 2: everything else. Laying it across the Central Valley has already
Speaker 2: bloomed up to twenty eight billion dollars. Oh, this is
Speaker 2: this is going to be tremendous.
Speaker 11: The Trump administration is now reviewing the use of four
Speaker 11: billion in federal funds so far.
Speaker 3: Four billion. Oh, the fens got off easy on this one.
Speaker 11: Finishing the full route between the Bay Area and southern
Speaker 11: California needs at least one hundred billion dollars.
Speaker 2: Yeah, finishing the full route needs one hundred billion. But
Speaker 2: we're spending twenty eight billion on the easiest part.
Speaker 3: No, no, no, no, no, no, no, no, no.
Speaker 11: Most of that money has yet to materialize.
Speaker 3: Yeah.
Speaker 10: I mean the end of the day, we've got these
Speaker 10: constraints that are well established already, these pre existing constraints,
Speaker 10: and there's not a high speed railing system that's not
Speaker 10: enjoyed some popularity and success. Most at least are wildly popular.
Speaker 10: It's an experience no one's had in the United States
Speaker 10: of America. At least, we're out there daring with.
Speaker 11: Some democratic lawmakers during a hearing on the project wednesday,
Speaker 11: had different thoughts.
Speaker 3: Yeah, what did they say?
Speaker 9: The definition of insanity is doing the same thing over
Speaker 9: and over again and expecting a different outcome.
Speaker 2: I always love it when somebody tells me the definition
Speaker 2: of insanity. Actually, if you look up the definition of insanity,
Speaker 2: that's not it.
Speaker 11: The High Speed Rail had not yet submitted its annual report,
Speaker 11: which irked Assembly members Wednesday. The state's Legislative Analysts Office
Speaker 11: told lawmakers the project needs seven billion dollars by next
Speaker 11: June in order to move forward.
Speaker 3: Oh, is that all just another seven billion? Or else
Speaker 3: seven billion? Or else? Or else?
Speaker 4: What?
Speaker 2: Or else will have wasted the other? No, this is
Speaker 2: a fallacy. This is a sunk cost fallacy. Well, you've
Speaker 2: already spent eight billion, or we've already spent fourteen billion.
Speaker 3: You better give us.
Speaker 2: Another seven or I mean that's just a waste of
Speaker 2: the other fourteen or it's a waste of twenty one
Speaker 2: billion total, because you're gonna come back and say, well,
Speaker 2: we gotta have another ten billion, Well we gotta have
Speaker 2: another fifty billion. Well we gotta have another one hundred billion,
Speaker 2: Well we gotta have another two hundred and fifty billion
Speaker 2: dollars and for what, so that we can realize the
Speaker 2: dream of Governor Choo Choo, no.
Speaker 3: Stop. You got to know when to hold them, You've
Speaker 3: gotta know when to fold them. You got to know
Speaker 3: when to walk away, and in this case, you gotta run.
Speaker 2: Okay if I Am six forty, We're live everywhere on
Speaker 2: the iHeartRadio app k if I
Speaker 1: Am six forty on demand