Speaker 1: What's going on? Thank you so much for listening to
this podcast. It is heard live every day from noon
to three on WBT Radio in Charlotte. And if you
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to your smartphone or tablet, And again, thank you so
much for your support. Last hour I mentioned a piece
by Megan mccardal, not the Duchess of Sussex, Megan McCardell.
She said Trump and his supporters have offered many justifications
for high tariffs, which can be boiled down to four
broad arguments. One is that these are a negotiating tool
to be used to force other countries to lower their
trade barriers. Another is that they will restore our manufacturing
base and turn us into the superpower exporter we used
to be. Third explanation is that we are trying to
halt China's rise into a geostrategic rival. And the best argument,
she said, is that we need to rebuild our manufacturing
capacity for vital goods such as semiconductors just in case
of another pandemic or a war. The tariffs, however, she says,
suit none of these theories for starters. If you're trying
to use tariffs to compel other countries to lower their
trade barriers, you would impose levees in proportion to the
tariffs that they impose on us. Yet, if you look
at the example of Israel, which just announced that it's
dropping all of its tariffs on US goods, they got
hit with seventeen percent tariffs anyway, because the new duties
were calculated based on relative trade flows, not the size
of trade barriers. That's a key part here. Their formula
is based on trade flows, not barriers. The trade deficit
measures the flow, not the bear. Next up, the idea
to eliminate trade deficits and rebalance the economy towards manufacturing. Okay,
even if you think that's a worthwhile goal, you would
want tariffs that achieve that globally, not with each individual country.
For the same reason that you don't spend your entire
salary on your employer's products, nor do you demand that
the grocery store give you a part time job with
a wage equal to your food bill. Right, that's not
a one on one thing. You don't necessarily want to
buy exactly as much from a trading partner as they
want to buy from you. You may be specializing in
certain products, certain services, or something, and in order to
deliver that, you need some raw materials or something, and
the country that has the raw materials does not want
what you are selling as the final product for whatever reason,
nor do they buy enough of it to offset the
amount of raw materials that you are buying from them,
So that trade deficit, that's the flow. That's not a barrier,
even if that tariff is zero percent going both directions.
If I'm buying more raw material from your country, I
produce something with it, but your people are too poor
to buy it from me, your country's going to have
a surplus on me. That doesn't mean I'm cheating you
or you're cheating me. It doesn't. The other problem with
this theory is that a lot of what we buy
from other countries here, she says, is inputs for our
own manufacturing industries. It's hard to stand up a globally
competitive manufacturing sector if you don't have the raw materials
or the parts. All right, Next, argument was containing China.
If you're going to try to do that, you would
want to build up your relationships with the regional allies
who would be at your side in case there's any
kind of a fight, like Japan, for example, who just
got hit with twenty four percent tariffs. Maybe you want
to encourage the growth of export industries in countries like
Vietnam that competes with China, they got a forty six
percent tariff. As for the fourth argument, re shoring strategically
vital goods, these tariffs, though exempt some of the most
critical goods semiconductors, steel, aluminum, and pharmaceuticals. I mean, for
now at least, maybe that changes. But if the purpose
is to bring these things back to America so we
can't have our supply chains disrupted in emergencies, why would
you exempt all of these industries? This is what I mean.
This is not reciprocal. They're calling them that. That's just branding.
On one level, it's smart because the sudden shortage of
any of these goods would be catastrophic for us. But
on another level, what exactly are we trying to protect
again the nation's strategic toaster reserve. None of these theories work,
she says, and that's because Trump doesn't really have a
theory of tariffs. He had as is a series of
intuitions that exports make you strong and imports make you
weak and dependent. Right, this is what I said. If
Donald Trump believes that tariffs are the end in and
of themselves and not a means to an end. But
tariffs are fine, Tariffs are good. I want more tariffs.
I want to be exporting more than I'm importing, so
I'm making money. Right. If that's the view, then I don't.
I don't. I don't have a lot of confidence in
this approach. All right, let me go back to the
phones here. This is Lee, Welcome to the show. Hello, Lee,
my dear.
Speaker 2: Y joy your show always. I missed unfortunately most of
yours today, and I told you so. I'm not up
to speed, but I'm seventy two years old, still working
lifelong independent. Have loaded on both sides of the aisle.
Just to set the ground straight. You mentioned there's a
couple of things I want to say, and I'll be quick.
I'm on lunch. Anyway. You mentioned about thirty years ago
how this was a Democrat thing and how Trump was
a Democrat and he's doing what the Democrats did. What
I It's amazing you said that because I just watched
an old C SPAN on television dated nineteen ninety six
with Nancy Pelosi, and I believe Chuck Schumer was there
as well, But she was speaking to the US China
trade and the status quo back then in nineteen ninety six,
which is thirty years ago, just as you mentioned, and
there was a nineteen ninety five trade deficit of thirty
four billion vent the tariff on Chinese goods was two percent,
and the average for the Chinese it was thirty five
percent on US sending to them. And Nancy Pelosi was
saying almost every talking point that Trump is saying with
the with the tariffs and the deficits, So that I
found very interesting. The other thing that I wanted to
make mention of is I'm I haven't retired yet, and
am I scared what's happening right now? You bet I am.
But at the same time, I'm just going to stay
towed in. I'm not going to panic and do anything.
There's a lot of short sales that are going on.
With these short sales is betting against the market, so
that's very disruptive in itself. But I'm going to hang
in there. I remember Reagan when he came in after Carter,
he said, we're gonna have to take some bad tasting
medicine before we can get well again. I remember that quote,
and I'm not going to panic. I'm just going to
sit here and view this and hope I'm right that
there is a terrific sale going on right now.
Speaker 3: We bargains.
Speaker 1: Yeah, well, I mean that's all we can do.
Speaker 2: That's all we can do, because you know, if we're
going to sit here and stew about everything else, I mean,
where we're at now is unsustainable, even before the tariffs,
it's unsustainable. And our medications are all coming from overseas.
Everything's coming from over there, and that does make us
weak and terribly vulnerable. And I think I fear that
more than what this market is doing today. And I
don't have that my age to get the time to
wait for our market to write itself and make my
money back. But I'm just going to keep the faith
in there, because now this is Roosevelt. Now we have
nothing to fear but fear itself. There's a Democrat for you.
But I just I just want people to just hold on,
just don't slip your wig over this, and hold on
and see what happens. I've seen a lot of history.
I'm sure you've seen a real good part of it too,
and you're very well spoken on it, and you're up
on things a lot more than me. But if we
start caving in and flying by the seat of our pants,
we're going to be in bigger trouble than we are now.
Speaker 1: Lee, I appreciate the call. Thank you very much for
showing yes, ma'am, absolutely, thank you. Have a great weekend,
you too, all right, take care well, Yeah, And I
think and that's that's all I've been trying to do,
is to lay out like these are my concerns. But
what did I say yesterday? Give it a minute. I've
been saying this on everything Trump does. Just take a
couple of deep breaths, and let's see what happens. We'll see,
all right. If you're listening to this show, you know
I try to keep up with all sorts of current events,
and I know you do too. And you've probably heard
me say get your news from multiple sources. Why, well,
because it's how you detect media bias. Which is why
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and it's a website, and it combines news from around
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We'll go over here and chat with Ray.
Speaker 4: Hello, Ray, good afternoon, Heank.
Speaker 5: I want to tell you first, I respect your intellectual integrity.
Speaker 2: Wow.
Speaker 5: You look at each issue and you make your decisions
based on it.
Speaker 1: Thank you.
Speaker 5: And I've been on hold while a few people have
gotten close to my point Donald Trump was a lifelong Republican.
He has good I mean Democrat, he has good ideas,
he has bad ideas. He is, in fact, parroting the
Democrat line for a long time that they didn't want
to push. Another mid day talk radio show has been
playing Nancy Pelosi and Chuck Schumer and Sanders and all
these people that were calling for tariffs and talking about
the trade deficits. So in his mind, he's still buying
chandeliers for his casinos.
Speaker 4: It's a direct.
Speaker 5: Cost benefit analysis. The Democrats get to say, oh, look
how terribly he is, Look how terrible he is, and
it's like the rabbit saying, don't throw me in the
brier patch it with their loving it because it's going
to work out for them. It's either going to cut
down on the trade deficits the flow as you very
aptlete you talked about, and it may end up hurting
Trump enough that it gets them out of their hair. Yeah,
as far as and you know so for them, it's
what they asked for for years and years and years
because they do need to do it. It was going
to hurt They never had the courage to do it.
Trump's doing it, admitting it's going to hurt, and he's looking,
as you pointed out, long term rather than oh tomorrow,
this is going to be fixed.
Speaker 1: So they yeah, they get to they get the policy
they wanted, and they get to whack the guy they
hate all at the same time.
Speaker 6: Exactly.
Speaker 1: Yeah, that's that's a that's a a stute point.
Speaker 3: Ray.
Speaker 1: I appreciate the call. Have a great weekend you too. Hright, buddy,
say it. Let's go over to Steve. Hello, Steve, good afternoon. Hey,
what's going on.
Speaker 3: I was listening to the show and my truck coming
back from a Sporting Play tournament, and I thought I
would call in and chat with you about Tariff's for
a bit.
Speaker 6: Sure.
Speaker 3: The first thing I want to do is tell you
the Coulot stories.
Speaker 1: You know what a coulot is, the the not shorts
and not pants thing.
Speaker 6: Yeah, yeah, yeah.
Speaker 3: I had a couple of buddies that I played golf
with down in South Florida and they had each had
contracts for a couple of million kuosts. This is back
in the seventies, Bush, those those.
Speaker 1: Were very those that that was the high days of Kulot.
Speaker 3: Yeah, exactly, a fad that did not last no. So
these guys had their manufacturing facilities in South Carolina. UH.
As soon as Bush recognized China in the World Trade
Organization UH, it was far cheaper for them to manufacture
in China, and literally within ninety days everything was.
Speaker 2: Moved to China.
Speaker 3: Yea, and they had about six plants in South Carolina.
They closed and one day after golf I said, hey, guys,
if this ever reverses, what are you going to do,
because you're you're manufacturing over there. Their response was, it'll
take us about six months, primarily because of the permitting
process in South Carolina, but we'll be back within six months.
So I don't think people realize how quick business guys
that are capitalists can respond to these things.
Speaker 1: If there's enough of a profit to be made in
selling the goods. Like the downside on the tariffs is
that the consumer pays the increased costs and if now
you can't move as much product, then the profit margin
might be might not be high enough for you to
make that investment.
Speaker 3: Well, you have to pass. It's not just the tariff
that you're looking at, right, because if you're going to
move back, you're going to have state of the art
technology which means far fewer people in the plant and so,
and the logistics costs are not trivial between Trona and
the US, and so by the time you factor all
that in with the tariffs being applied, it's going to
be cheaper to do it in the US, especially when
Tesla's got these twenty three degree freedom of robots that
you are going to cost twenty grand and work twenty
four hours day, seven days a week.
Speaker 1: Well, and that's yeah, You've hit on one of the
aspects of this conversation that is so far as I
can tell, not really covered much at all, which is
that a lot of the job losses in manufacturing is
due to automation. It's due to the robotics. It's not
not anymore at least, it's not like the textile industry
moving overseas, or the furniture makers and stuff, a lot
of the stuff. Now, again, we're the second largest manufacturing
country on the planet, and most of our job losses
come from automation.
Speaker 3: But what you're going to see with the tariffs is
that a large amount of manufacturing will come back to
the US, and it's going to come back face faster
than I'm saying most people realize I hope so, and
the jobs that are going to be created are going
to be high dollar jobs because they're going to be
sophisticated manufacturing jobs, I hope. So there's a real training
effort that's going to have to occur sort of at
the at the States, probably junior college level. But if
you get a good workforce train like that, they're going
to be terrific jobs Number one. Number two. Let's take
India for example. So one of my companies, we were
in sixty five countries, and for example, in India, when
we had an operating company there, we had to leave
sixty five percent of the profit in India by regulation.
And so not only is he going to use the
new administration going to use tariffs as a negotiating but
it's going to be negotiating other things other than tariffs.
For example, if you told India all their companies in
the US would have to leave sixty five percent of
their capital in the US and it could not be
repatriated and we're doing the same thing that they're doing,
they would stop that probably and within ninety days.
Speaker 5: To six months.
Speaker 3: And so there are a lot of things like this
that are barriers for US companies that are they're not teriffs,
but they're tariff related.
Speaker 1: Right, Yeah, they're trade barriers.
Speaker 6: Yeah, exactly.
Speaker 3: And so that's why you can't just look at one
number because they're each country is. You've got to look
at it on a standalone basis because they're all different, right,
some tariffs, some don't, Some have repatriation limits on what
you can bring back.
Speaker 1: It's not simple, right, And that's why he went, that's
why their formula that they used was looking at the
deficit and then divided by imports, because they just they said,
any deficit is going to capture all of that other stuff.
Speaker 3: Well, I mean, you got to give them some slack things.
You're just getting started.
Speaker 1: No, I understand, but they've been working on it for
a while. And you know, when you're slapping tariffs on
countries that we have a surplus against, I'm kind of
doubting the formula there. But no, all, you made very
good points, Steve. I appreciate the call man. Have a
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just announced that his administration has been working very hard
on a deal to save TikTok, and they have made
tremendous progress. The deal requires more work to ensure all
necessary approvals are signed, which is why I am signing
an executive order to keep TikTok up and running for
an additional seventy five days. Dude, you can't do that.
This was a law passed by Congress, signed by the President.
They were supposed to I have divested this, they were
supposed to have sold it. You don't get to write
executive orders that ignore laws. Like oh my gosh. But
apparently China's not happy with the tariffs. So yeah. Here's
a pete tweet from Jeff who says, hopefully when these
jobs come back to the US, the American people will
want the jobs. I have been trying to hire people,
but nobody wants to work. I mean, they want to
get paid, but they don't want to work. That's a problem. Travis,
Welcome to the program. Hello Travis.
Speaker 6: Hey, I hear a lot of people calling in saying
the pain is temporary. Yeah, this way, Well, the problem
with that is in uncertainty makes the pain longer.
Speaker 3: Right.
Speaker 6: Let's say I'm a billionaire and I see that these
tariffs are in place, and I go, well, right down
the road from me, there's a closed down textile mill.
I'll just buy that and reopen it and take a
lot of money. So I opened it, and the next
day Trump goes, great news, these tariffs worked. I got
a trade deal, and all of a sudden, now I'm
competing with whatever country Trump made this trade deal with.
So is the goal repatriating jobs or is the goal.
Speaker 1: Tariffs?
Speaker 5: Yeah?
Speaker 1: Is the tariffs.
Speaker 6: Yeah? Yeah? Or you get a deal because don't don't
let don't make me bring back jobs. And then you
get a deal, and now we're right back to competing
with the foreign country.
Speaker 1: Right, And this is you know why I played the
audio yesterday Scott Besson, the Treasury Secretary, you know, urging
people to just wait, you know, give us some time,
and like business doesn't move that slowly though. So yeah,
I mean, if you're if you're looking at these tariffs
and they're going into effect, you have to start making
decisions about how to how to adjust to that. And
that's a very fair that's a very fair concern.
Speaker 6: Give us time to do what, Give us time to
get a deal, give us time to bring jobs back,
give us time to do what.
Speaker 1: Yeah, that's a good question, Travis. I appreciate the call man.
Have a great weekend, all right, Yeah, take care of
Let me go over and get Jeff on too real quick.
Hello Jeff, welcome to the show.
Speaker 4: Hey Pete, how you doing good?
Speaker 1: What's up?
Speaker 6: Oh? Not much?
Speaker 4: First time caller here, so I'm a little nervous.
Speaker 1: So that's all right, you'll do fine. I got faith
in you, Jeff.
Speaker 4: Thank you. You know, I heard one another radio show
this morning. I won't say where about, you know how suddenly,
you know, on X there's some of these Republicans, you know,
like Leader John Thune and Mike Johnson coming out and saying, okay, okay,
we got to get this deal done, you know, like
the tax cut deal and then Trump's agenda.
Speaker 6: You know, just.
Speaker 4: Basically I didn't put two and two together, but somebody
else did. About to now, because of these caar IFFs,
it seems like they are wanting to negotiate because somebody
also said that you know, there's two sides of that. Trying
to bring jobs back. Number one, can make it expensive
to manufacture somewhere else, but you got to make sure
it's economically feasible for them to manufacture it here. And
I believe that's part of Trump's plan is to cut
the corporate tax. And you know, these taxes are what
drives some businesses, you know away. Yeah, so regulation and
hopefully you know, we can basically kill two birds with
one stone by getting those jobs back here and getting
the corporate tax to make it, you know, cut down
to make it more favorable for them, and and to
you know, also just try and you know, get our
economy back up on the on the rails because you know,
eventually about the manufacturing our stuff elsewhere because it's cheaper,
Eventually those chickens come home to roost, and uh, when
we have absolutely no competitive advantage, then they could basically
pull the rug out from under us and then hike
the rates. And so I see what he's trying to
do here. Now I'm not going to act like a
profit because I could wind up looking like a fool,
you know, saying how successful is this going to be?
Or is he going to be flexible between you and
me and the gate posts. I think he probably will
be because I think that's in the best interest, but
he can't say it.
Speaker 1: But no, I think I think all of that is
is fair. Like that is the unknown, and that's I've made.
Like you, I've made no predictions about what's going to happen,
because I have no idea. My only uh you know,
I've laid out my concerns with how this could go
to prepare myself and other people in case it does
go sideways. But I hope he's right, and I hope
he gets a deal done. If it's beneficial to America,
that would be fantastic.
Speaker 4: And I do think that's what the end game is.
I don't think he's trying to say, well, I'm going
to stick it to them because they've been sticking it
to us. There might be a little bit of that
in there, but I don't think that's the ultimate goal,
you know, just to I guess the thing is, let's
try to be as less swappy about it as possible,
but you know, try and be you know, like calculated,
and you know, hopefully everybody wants to come and play
ball with us. Yeah, you know if we can create
the you know, the right playing field.
Speaker 1: Yeah, Jeff, I appreciate the call. You did. Great, I will.
I wish you're happy or a good weekend.
Speaker 4: I should say, and see y on less than two weeks.
Speaker 1: All right, buddy, all right, see then, thanks, Jeff, appreciate
the call. This is from Sean Pete, three time Trump voter.
Speaker 3: Here.
Speaker 1: While I implicitly trust the President, the latest terrifactions leave
me with questions, assuming millions of jobs come back here,
who will work in these factories and plants? Illegal labor
is going away. I don't support illegal labor to begin with,
and these new jobs won't be good enough for many
laid off government workers. On top of that, a large
part of our working age population simply won't take on
such jobs, as many recent statistics show. So I'm scratching
my head at how we'll swing this one without also
economically cratering in the meantime. Thanks for any insight or
even reassurance, Sean from Burnsville. Yeah, I don't know me,
and I have no problem telling people that I do
not know. I am making no predictions on how this
all works out because I don't know. I cannot tell
the future, and nobody else can. Whether they're telling you
it's all going to work out perfect or it's all
going to crash, nobody knows. All right, So spring is
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but we are pregaming again in Brett winterbal three till
I think midnight. Now they've got him on WBT three
to seven. Brett Winter will here on News Talk eleven
ten and ninety nine three WBT, and he is colonizing
a portion of my program as he has. That's been
your stated goal is to colonize every single program on
the station. I think you have you Is it mission accomplished?
Speaker 3: Now?
Speaker 7: No, because I don't have any access to Nori. And
once I get that, you know that's.
Speaker 1: Like a whole, then you then you wouldn't When would
you sleep? I don't know, it doesn't matter, doesn't matter.
Speaker 7: As Curtis Lee what famously said, there's time to sleep
when you die.
Speaker 1: That's that is true. That is true. And you take
a lot of B twelve. As I learned about two
weeks ago. He gave me the first bumps always free.
That's what I've been told he gave me. He gave
me one of your one of your B twelve Zip Phizz,
Zip Fizz. He didn't help you dude, I was wired.
Speaker 6: Yeah.
Speaker 1: Yeah, So now I know the secret to no sleep
and colination of all the shows. So all right, so
I was not actually like I have show prep for
other topics that I was going to get to today.
Speaker 7: You've probably got nowhere near it.
Speaker 1: Nowhere near it.
Speaker 7: It's all tariffs all the time, right, yeah, I love that.
Speaker 1: So all right, okay, so what do you think the
grand strategy is for Trump on this?
Speaker 7: For Trump, it's it's to reset the entire world's balance
with the United States to what end so that we
can genuinely I believe what he's trying to do is
bring in enough money that we can get rid of
the income tax.
Speaker 1: Interesting.
Speaker 7: I think that's what he's trying to do. I think
he's trying to do two things. Okay, yeah, two things. Okay,
So I think what he's doing is he is trying
to beat Powell into submission.
Speaker 1: Do you see what pal said today?
Speaker 7: Yes, yeah, yeah, And I think he's trying to beat
him into submission.
Speaker 1: That's the Federal Reserve chairman, Yes.
Speaker 7: Because it went down to it went down to three
nine today three point nine. Okay, So he wants to
be able to start paying down this debt, right that
we've got thirty six trillion.
Speaker 1: And do we have like some payments or something come
and doing we do have them.
Speaker 7: Yeah, So he's he's what he's done now is because
of the way the stock market is, he has driven
people to cash in the in the ten year treasuries now.
And so that means if he can keep pum pummeling
that and making it hard on Powell, then what will
happen is we'll be able to pay those that money
back at much lower rates and lock them in and
lock them in for ten years. And I think that
is that is what his objective is. So when people
are screaming about like different, oh, it's too much, it's expensive,
all this, he's playing a much longer game.
Speaker 1: So do you think then that the the the tariff
regime goes away. If if that's the goal and he
gets he gets the the debt locked in at the
lower rates, interest rates drop, yeah, then he just says
and we're not well yeah, yeah, uh well no, no,
I mean it's gonna be a right, it's gonna be
a negotiation twenty four to seven, right, because what's gonna
happen is like if you rent an apartment, and I
rent an apartment, and the first the least is like
eighteen hundred bucks.
Speaker 7: Then the next year it's like nineteen hundred bucks. Whatever
it is. All that stuff can be negotiated, right, And
so I think he believes that this negotiation is going
to be happening. But the thing that's important to know
about Trump is he's playing with house money. Because he's
not going to try to get re elected. He could
do anything he wants between now and then, right, and
so he's able to do these big, bold things. They
would have been better off instead of stealing the election. Okay,
not really. I don't know who the president was for
the last four years, so I'm conf yeah, autop right, yeah,
President auto pan. If they had just let him coming
in and win the second election, he wouldn't have been
doing this like he But they brought Hey, you guys,
here you go. You went good atalk, good Eta.
Speaker 1: And now he's on a mission from God.
Speaker 7: Absolutely he is, and so he this he is playing
with house money basically.
Speaker 1: Yeah. I have heard had a caller during the show
today who mentioned this, and I have heard the left
he's saying that, oh, he's doing this so he could
you know, buy the dip and he and Elon can
make all this money on the stock market and all
this stuff. It's like, of all of the explanations, that's
the stupidest.
Speaker 7: Okay, So, so like let's think about this for a second.
What have we had to fight with for the last
three four years?
Speaker 1: Inflation?
Speaker 6: Yeah? Yeah?
Speaker 1: Yeah?
Speaker 7: So how do we know the stock market's not inflated?
Speaker 1: Isn't it always?
Speaker 6: Right? No?
Speaker 7: But right? I mean, like, why all this stuff that's
getting all this stuff that's getting pummeled down now, I mean,
it's that's the way I kind of view it. I
think it's awesome.
Speaker 1: Do you think it's awesome? I do think it's awesome.
Speaker 7: The chaos it No, the chaos is a byproduct of
the awesomeness. Look, if you don't sell your position, you
didn't lose any money.
Speaker 1: Of the stock market in the stock market.
Speaker 6: Right.
Speaker 1: So here's so my here here's what I say. I
am raised in a in an environment. I am the
fish that doesn't know it's wet. I've been raised in
an environment that tariffs are inflationary, uh, and they tax
the domestic consumer. That is the economic philosophy that I
was under. The belief that this is the norm. So
I make no predictions on what this how this all
shakes out. It could be very beneficial, but we'll see. Yeah,
we'll see what we So we got two more minutes. Roughly.
I forgot I've been out of practice.
Speaker 7: It's okay.
Speaker 1: I took a Friday off and now here I am.
Speaker 7: I'm following your lead.
Speaker 1: I know it's which is weird because I'm used to
following yours. Have you noticed that the view looks the
aim as the hangover?
Speaker 7: Oh my gosh, I guess I thought you meant the
TV show.
Speaker 1: No, God, why would I bring them up?
Speaker 7: I don't know. You said the view, And I'm like,
I'm not.
Speaker 1: I mean, we can mock the view.
Speaker 7: Well, you can't mock them enough.
Speaker 1: Correct? Correct? Yeah, So I don't know how it shakes out.
Speaker 7: Yeah, nobody.
Speaker 1: And I don't write, and I don't pretend to. All
I say is he'd better be right whatever it is
that he is doing, he'd better be right, because if
he's not right and this doesn't work out, My fear
is you see wipeouts of wealth, but also you see
wipeouts of Republicans for a long time to come. That's
my that's really.
Speaker 7: You think it'd be.
Speaker 1: It'll be like that if it's bad enough.
Speaker 7: Are you talking like great depression kind of a thing here?
Speaker 1: I did. I did reference the smoot Holly. I heard
it several times. I took great umbrage against him. He
took umbradge at the smooth Haliet Are you are you
a smooter? No?
Speaker 7: But but the reality is the fundamental. I did a
whole breakdown of that in the fourth hour last night.
Speaker 1: I stuff. I know if i'd say, oh, the fourth hour, yeah,
like dude, I'm eating dinner, going to bed. You know.
Speaker 7: I was walking around the track trying to find where
we were.
Speaker 1: Did you buy any parts?
Speaker 7: No?
Speaker 1: No, okay, I don't. I mean no.
Speaker 7: I figured I would leave them for the people because
they may need that because of the tariffs.
Speaker 1: That's fair. That's fair, all right, that's Brett Winnervo. You
can listen to him actually, and I'm going to be
right back with them. I'm sure he'll ask me more
important things when we do that in a moment at
three o'clock here on News Talk eleven ten nine three
WBT pregaming with Brett that's what we call it, or
pregaming with winter bul either way. All right, that'll do
it for this episode. Thank you so much for listening.
I could not do the show without your support and
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patron at my Patreon page or go to dpetecleanershow dot com. Again,
thank you so much for listening, and don't break anything
while I'm gone.
Speaker 7: Hmm.