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<v Speaker 1>Channel Line says a sunny day to day high and

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<v Speaker 1>ninety over night clear in sixty four, Sunday Tomorrow high

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<v Speaker 1>of ninety over ninety, few clouds in sixty three, and

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<v Speaker 1>on Sunday it's or Saturday rather a sunny day high

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<v Speaker 1>of ninety three sixty three degrees. Right now, time for

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<v Speaker 1>a traffic upbeat.

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<v Speaker 2>From the UC how Trimthic Center. The University of Cincinnati

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<v Speaker 2>Cancer Center is open, the most comprehensive blood cancer center

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<v Speaker 2>in the nation. The future of cancer care is here

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<v Speaker 2>called five one three five eighty five u c see.

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<v Speaker 2>Northbound seventy five continues to run close to an extra

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<v Speaker 2>twenty minutes between Burlington Pike and the Cut in the

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<v Speaker 2>Hill northbound fourth seventy one that the lay times dropped

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<v Speaker 2>under the fifteen minute mark from before Grand into the city.

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<v Speaker 2>Southbound seventy five continues slow through walkland. Chuck Ingram on

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<v Speaker 2>fifty five krc the talk station.

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<v Speaker 1>A thirty here fifty five KRCD talk station, that little

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<v Speaker 1>bumber music saddens me because, in spite of the fact

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<v Speaker 1>that I'm pleased at Phil Kirpin from American Commitment on

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<v Speaker 1>the program, I heard media aviation expert Jay Radliffe is

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<v Speaker 1>not here because his father passed away. Again. Prayers to

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<v Speaker 1>Jay Ratliffe and his family. American Commitment dedicated to restoring

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<v Speaker 1>protecting American commitment to free markets, economic growth, constitutionally limited government,

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<v Speaker 1>property rights, and individual freedom. Amazing concepts those which are

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<v Speaker 1>fast eroding. It's led by Phil Kirpin, who is a

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<v Speaker 1>leading free market policy analyst and advocate in Washington. Before

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<v Speaker 1>his involvement with the American Commitment, he worked with a

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<v Speaker 1>group we were talking to earlier, Americans for Prosperity, was

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<v Speaker 1>there for more than five years. Also he was with

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<v Speaker 1>the Free Enterprise Fund, Club for Growth, among other things.

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<v Speaker 1>Welcome back to the fifty five Carese Morning Show, Phil Kirpin,

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<v Speaker 1>any my pleasure again. It's Americancommitment dot org for my listeners.

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<v Speaker 1>Want to strongly recommend that they check out your information there.

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<v Speaker 1>Let's talk about the interest rate. They did lower it

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<v Speaker 1>half a point yesterday. Since you deal so much with

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<v Speaker 1>the economy and matters economic related, what is your reaction

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<v Speaker 1>to it? Was it necessary to I know most people

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<v Speaker 1>are going to say great the interest rates lower, but

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<v Speaker 1>what impact do you think it's going to have? And

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<v Speaker 1>was it necessary to lower the rate.

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<v Speaker 3>Well, I think that it was probably time. I probably

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<v Speaker 3>would have just done a twenty five.

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<v Speaker 4>Basis point, not the fifty basis point.

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<v Speaker 3>And they're forecasting two more cuts this year now they

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<v Speaker 3>sort of telegraphed and additional cuts next year. I mean,

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<v Speaker 3>the inflation outlook has improved pretty significantly, and there's.

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<v Speaker 4>A lot of economic weakness and the fundamentals, and.

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<v Speaker 3>So the case for cutting was pretty good right now.

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<v Speaker 3>The reason I think they may be being too aggressive though,

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<v Speaker 3>is there are still some mixed signals on inflation. In particular,

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<v Speaker 3>the gold price is very high in rising and I'm

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<v Speaker 3>very concerned about the lack of discipline on the fiscal

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<v Speaker 3>side of spending. That they're going to do another massive

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<v Speaker 3>onto the spending, though most likely later this year. They

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<v Speaker 3>can't seem to break their habit of doing that almost

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<v Speaker 3>every single year, and especially depending on the outcome of

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<v Speaker 3>the election. I mean, we've got Kamala Harris has endorsed

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<v Speaker 3>Biden budget that spends seven trillion dollars. I mean, if

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<v Speaker 3>something like the only thing that's rending that from happening

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<v Speaker 3>now is that you get a Republican House that's sort

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<v Speaker 3>of giving a little bit of gridlock that's flowing some

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<v Speaker 3>of those ambitions, but you know, we get democratic control

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<v Speaker 3>of everything, and they're also the races I'm spending.

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<v Speaker 4>Again, Inflation is going to shoot back up.

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<v Speaker 3>There'll be a lot like what happened in the seventies,

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<v Speaker 3>where you know, we had one episode that came down

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<v Speaker 3>and we had an even bigger episode, kind of back

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<v Speaker 3>to back, and so there are risks in both directions.

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<v Speaker 3>But I do think that some cut it was probably

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<v Speaker 3>time because the economy softening and we want to maintain

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<v Speaker 3>economic growth. We don't want to go into a recession,

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<v Speaker 3>and the inflation measures for the moment have been pretty

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<v Speaker 3>muted with the exception of that gold price. So I

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<v Speaker 3>would have cut a quarter point myself. I think they're cutting,

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<v Speaker 3>probably more aggressively than the data would dictate, because I

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<v Speaker 3>think they want to get a more of a short

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<v Speaker 3>term boosts the economy, because they probably favor the Democrats

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<v Speaker 3>because Trumpet said he would fire j.

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<v Speaker 4>Powell. So that's my take.

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<v Speaker 3>I would have cut, but not as much as they did.

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<v Speaker 1>What's your reaction and probably low hanging fruit for you,

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<v Speaker 1>Phil Curvin, but your reaction to Kamala Harris's proposal to

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<v Speaker 1>tax unrealized capital gains. I think that would ultimately be

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<v Speaker 1>found to be unconstitutional. But what is your take? What

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<v Speaker 1>would the real what would the how would the market react,

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<v Speaker 1>and what impact would it have on the American economy

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<v Speaker 1>if she got what she wanted.

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<v Speaker 3>Well, let's think about this, right If if all of

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<v Speaker 3>these big holders and they say, oh, it's only for

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<v Speaker 3>the one hundred millionaires or it's only for the billionaires.

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<v Speaker 4>I think the proposal is it's over one.

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<v Speaker 3>Hundred million a network something like that, and you say, oh, well,

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<v Speaker 3>it's only super rich. They want to say, oh, it's

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<v Speaker 3>only super rich, you don't need to worry about it.

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<v Speaker 3>But those are the people that hold massive amount of

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<v Speaker 3>shares and all the most successful companies in the country,

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<v Speaker 3>the founders, the early investors and so. And if you

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<v Speaker 3>tell them you've now got a huge tax building you

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<v Speaker 3>have to pay whether you sell your stock or not,

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<v Speaker 3>they either need to take out huge loans to not

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<v Speaker 3>sell their stocks and pay the tax are more likely.

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<v Speaker 3>What will happen is you'll have a selloff. And that

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<v Speaker 3>means everybody who's in all of these companies is going

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<v Speaker 3>to suffer the consequence of you know, that sell off

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<v Speaker 3>and they're gonna lose value. Also, I think it's completely unworkable.

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<v Speaker 3>And of course, you know, the other aspect of this

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<v Speaker 3>is every tax starts only on.

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<v Speaker 4>The super wretch, and the income came in was only

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<v Speaker 4>on the.

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<v Speaker 3>Super wretch, and then of course it starts to creep

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<v Speaker 3>down over time. And you know, so when people say,

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<v Speaker 3>oh my god, this is terrible, they're gonna end up

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<v Speaker 3>having basically a federal property tax on my house when

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<v Speaker 3>the value goes up. And then then you know, the

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<v Speaker 3>fact checkers say.

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<v Speaker 4>Oh, no, no, no, this is only for super rich.

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<v Speaker 3>I think the normal people that are worried about this,

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<v Speaker 3>they're smarter than the fact checkers telling them not to

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<v Speaker 3>worry about it, because if they get this in, they

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<v Speaker 3>will move it down the income chain over time.

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<v Speaker 1>That's what we've happened without question. And I think oftentimes

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<v Speaker 1>people who are embrace this class warfare mentality, oh, they're

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<v Speaker 1>just the evil billionaires of the world. I think they

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<v Speaker 1>quite often forget who their employer is. It's those evil

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<v Speaker 1>rich people who make that much money are the ones

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<v Speaker 1>that create jobs and offer opportunities for folks and invest

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<v Speaker 1>that money that evil profit into businesses. And create even

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<v Speaker 1>more jobs. Without them, a lot of us wouldn't be working.

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<v Speaker 3>Yeah, and just make our lives better in a lot

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<v Speaker 3>of ways. Like you know, especially you know you talk

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<v Speaker 3>about these tech billionaires. I mean, like you know why

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<v Speaker 3>the Google guys made billions of dollars because now you

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<v Speaker 3>can find literally any information you want in a second,

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<v Speaker 3>free of charge by going on their website. You know,

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<v Speaker 3>It's like, if we create an economic system where we

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<v Speaker 3>don't reward creating things.

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<v Speaker 4>And venting things, making new things, making.

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<v Speaker 3>People's lives better, we're going to get less of all

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<v Speaker 3>of that, and we're gonna have, you know, worse lives

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<v Speaker 3>as a result of that.

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<v Speaker 1>Okay, before we part company, feel curbent American commitment. Energy

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<v Speaker 1>prices are gone through the roof. I know locally, Duke

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<v Speaker 1>Energy was seeking a rate hike. We've already experienced a

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<v Speaker 1>thirty percent increase over a year. It looks like it's

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<v Speaker 1>going to continue to go up. This is the direct

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<v Speaker 1>consequence of and I think the product of a sort

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<v Speaker 1>of a win for the left. I mean, you know,

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<v Speaker 1>I always go back to Barack Obama. The price of

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<v Speaker 1>gasoline will necessarily go up. That is not because of

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<v Speaker 1>market forces, that is because of legislation and regulation and

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<v Speaker 1>denying us access to an energy resource we need. This

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<v Speaker 1>is a high energy prices or a win for the left.

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<v Speaker 1>I mean, I can't look at it any other way.

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<v Speaker 1>Is there any solution to it? Can we go back

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<v Speaker 1>to when we didn't have such a heavily regulated, green

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<v Speaker 1>focused energy production.

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<v Speaker 3>I sure hope so. And you know, the the amazing

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<v Speaker 3>thing about what the Democrats have done on energy is,

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<v Speaker 3>you know, like ninety percent of it was not done legislatively.

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<v Speaker 3>It was done through abusing regulatory towers of the various agencies.

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<v Speaker 4>And that famous quote from Obama about how I'm going.

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<v Speaker 3>To make your electricity prices necessarily skyrocket. He was talking

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<v Speaker 3>about his cap and trade legislation that he had proposed

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<v Speaker 3>to Congress, which passed the House barely even with a

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<v Speaker 3>huge Democrat majority, and then crashed and burn so hard

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<v Speaker 3>they never even voted on in the Senate. And if

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<v Speaker 3>our systems government were working the way it's supposed to,

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<v Speaker 3>they would said, oh, it didn't pass, I can't do it.

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<v Speaker 3>Instead he said, I have kind of phoned the EPA

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<v Speaker 3>is going to cap it instead.

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<v Speaker 4>We're gonna do it.

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<v Speaker 3>We're gonna have, you know, a million regulations to accomplish

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<v Speaker 3>all the same things, and Trump turns a lot of

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<v Speaker 3>those off, but Biden gets in, turns all of them

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<v Speaker 3>back on and then some We actually have regulatory costs

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<v Speaker 3>now in access of what we had under Obama, which

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<v Speaker 3>I thought he was there, gonna be the world champion forever.

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<v Speaker 4>I didn't think his records could be beat and Biden

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<v Speaker 4>has beaten them.

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<v Speaker 3>And of course now we've got this strange spectacle of

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<v Speaker 3>Kamala Harris claiming that she's gonna be totally different than

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<v Speaker 3>Biden and she's going to solve all our problems. But

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<v Speaker 3>she supports all the policies that have caused this situation,

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<v Speaker 3>particularly with respect to energy and the obsession with global

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<v Speaker 3>warming and the green energy stuff and anti oil and gas,

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<v Speaker 3>and you know, we are all seeing the consequence of

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<v Speaker 3>that in our electric bills. I'll add another part to

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<v Speaker 3>that also, which is the Democrats want to repeal the

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<v Speaker 3>Trump tax cuts, which means higher corporate taxes, which also

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<v Speaker 3>will directly mean higher utility builds because when we cut

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<v Speaker 3>the corporate tax, dot cut utility built.

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<v Speaker 4>Because they did they passed those savings on. They actually

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<v Speaker 4>have to in most states.

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<v Speaker 3>As a regulatory matter, pass those federal tax savings.

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<v Speaker 1>On Oh, you have a choice, it is in November,

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<v Speaker 1>and its Phil Kirpin points out the better choice is

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<v Speaker 1>Donald Trump if you're concerned about your energy, build a

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<v Speaker 1>national debt and everything else. Although I got to point

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<v Speaker 1>out Phil, donald Trump wasn't exactly a deficit hawk.

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<v Speaker 4>He's not great. I didn't look. I don't want to

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<v Speaker 4>lie here. He's not great.

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<v Speaker 3>He's not great on spending, that's for sure. I think

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<v Speaker 3>he was very good on tax he was very good

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<v Speaker 3>on regulation, he was good on energy. He was very

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<v Speaker 3>bad on spending. But Democrats are even worse. So it's

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<v Speaker 3>not it's a problem. It is a problem. And I

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<v Speaker 3>don't know what to tell you other than we're going

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<v Speaker 3>to keep trying to make the case that we've got

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<v Speaker 3>to have some some spending restraints and some.

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<v Speaker 4>Discipline on the on the budget.

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<v Speaker 3>But you you know, if all they do every year

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<v Speaker 3>is do nothing all year and then in December pass

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<v Speaker 3>some gigantic monstrosity, it's very tough.

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<v Speaker 4>To get to fight any of the specifics.

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<v Speaker 3>And then I don't know they've been doing it every

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<v Speaker 3>year for how long that it's a mess. It's really

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<v Speaker 3>a disgrace because every time a new speaker comes in,

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<v Speaker 3>what does they say, Oh, regular order, we're gonna funk this,

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<v Speaker 3>We're going to fix the institution, and then what happens.

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<v Speaker 1>Nothing changing, continuing resolutions and kicking the can down the

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<v Speaker 1>road is the order of business these days. Phil Carpenton.

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<v Speaker 1>Find them online. Check them out the website. It's Americancommitment

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<v Speaker 1>dot org. Fild's been great having you on the program.

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<v Speaker 1>Serve best of health, all right, you eight forty fifty

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<v Speaker 1>five krec de talk station. See there, I'm not the

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<v Speaker 1>only one who could be critical of Trump, Ernie. I'm

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<v Speaker 1>a half assed conservative apparently, and because I'm not completely

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<v Speaker 1>committed to the man who is Donald Trump, although I

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<v Speaker 1>am voting for him and I do support him. One

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<v Speaker 1>of the reasons I'm somewhat disappointed in his presidential term.

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<v Speaker 1>The deficit went up by massive amounts. Somebody's got to

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<v Speaker 1>put a lid on spending. Anyhow. It's twenty two three

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<v Speaker 1>rout forty two between Mason and Loven and my favorite

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<v Speaker 1>gun store and indoor range. You're in best possible hands.

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<v Speaker 1>The folks at twenty two three are just a welcoming,

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<v Speaker 1>warm environment. So for those folks who aren't really familiar

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<v Speaker 1>with shooting, maybe you're looking to acquire a firearm, that's

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<v Speaker 1>where you need to go. Their folks will help you

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<v Speaker 1>out select a proper one. They have training classes and

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<v Speaker 1>I'd like to joke about I've never picked up a

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<v Speaker 1>gun before, but I want to own one. They got

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<v Speaker 1>a class for you. And if you know how to

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<v Speaker 1>shoot and you're pretty good at it, they've got a

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<v Speaker 1>class for you too. Home those skills. They have membership

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<v Speaker 1>options on their amazing indoor range, the cleanest, safest range

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<v Speaker 1>you'll ever shoot on. And of course the owners. I

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<v Speaker 1>always like to mention Wendy and Jeff because they're outstanding people.

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<v Speaker 1>Massive selection of handguns and long guns. You get ammunition accessories,

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<v Speaker 1>whatever you need in terms of firearms and related that matters.

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<v Speaker 1>You're in the right hands. Twenty two three dot com.

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<v Speaker 1>It's the number twenty two followed by the word three

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<v Speaker 1>spelled out twenty two three dot com. Fifty five KRC Men,

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<v Speaker 1>if you're suffering
