WEBVTT 1 00:00:01.240 --> 00:00:05.080 You're listening to Bill Handle on demand from KFI AM 2 00:00:05.120 --> 00:00:06.000 six forty. 3 00:00:06.759 --> 00:00:09.759 KFI AM six forty Bill Handle. Here. 4 00:00:09.880 --> 00:00:16.679 It is a Friday morning, April eleventh. Today is footy Friday. Oh, 5 00:00:16.760 --> 00:00:21.399 I should do that Dodgers thing. Here we go Tonight, 6 00:00:21.480 --> 00:00:23.600 the Dodgers are back in LA to take on the Cubs. 7 00:00:23.640 --> 00:00:24.559 First pitch at seven. 8 00:00:25.079 --> 00:00:27.839 Listen to every play of every Dodgers game on AM 9 00:00:27.879 --> 00:00:30.960 five to seventy LA Sports live from the Gallpin Motors 10 00:00:31.079 --> 00:00:34.119 Broadcast Booth, and you can stream all games at HD 11 00:00:34.320 --> 00:00:38.600 on the iHeartRadio app. The keyword is AM five seventy 12 00:00:38.719 --> 00:00:43.920 LA Sports. All Right, we're looking at the doll right now, 13 00:00:44.079 --> 00:00:48.439 CNN and Fox. And by the time I say we're 14 00:00:48.479 --> 00:00:52.079 looking at the Dow, it is either up or down 15 00:00:52.159 --> 00:00:53.159 one hundred points. 16 00:00:53.920 --> 00:00:54.960 It is going crazy. 17 00:00:55.399 --> 00:00:59.000 Jared Dillion, who is a financial writer, best selling and 18 00:00:59.119 --> 00:01:00.280 who has been part of his care we are on 19 00:01:00.359 --> 00:01:03.399 Wall Street, an active investor, so he knows a lot 20 00:01:03.439 --> 00:01:06.879 what's going on. Jared, thank you for joining us, taking 21 00:01:06.920 --> 00:01:08.280 your time here on KFI. 22 00:01:08.879 --> 00:01:09.879 Hey, thanks for having me. 23 00:01:10.000 --> 00:01:13.879 Okay, now you're looking at we are looking at one 24 00:01:13.959 --> 00:01:19.120 hundred and twenty five percent tariffs on the United States 25 00:01:19.159 --> 00:01:21.280 from Beijing, and of course I think we're up to 26 00:01:21.280 --> 00:01:23.719 one hundred and forty five percent the other way, and 27 00:01:23.760 --> 00:01:26.239 beij Beijing says we're done. We're not going to do 28 00:01:26.239 --> 00:01:28.359 it anymore because at one hundred and twenty five percent, 29 00:01:28.840 --> 00:01:31.840 it makes it financially unfeasible for you to sell anything 30 00:01:31.840 --> 00:01:34.439 here anyway, so you know, you can go for wherever. 31 00:01:34.680 --> 00:01:38.319 What does this really mean in terms of business, in 32 00:01:38.439 --> 00:01:41.280 terms of what we are actually going to pay because 33 00:01:41.280 --> 00:01:43.239 the administration is not telling us very much. 34 00:01:44.400 --> 00:01:47.560 Yeah, there has been a communication problem out of the 35 00:01:47.560 --> 00:01:50.359 White House. And let me give you my best interpretation 36 00:01:50.599 --> 00:01:55.959 of what they're trying to do. China is an adversary, 37 00:01:56.040 --> 00:02:00.280 They're an enemy. I want to go back to Raygan 38 00:02:00.480 --> 00:02:05.879 in the eighties, and you know, Reagan is mythologized for 39 00:02:06.239 --> 00:02:09.759 getting into an arms race with the uss ARE and 40 00:02:09.800 --> 00:02:14.759 eventually bankrupting them, you know, using our own economic power, 41 00:02:15.199 --> 00:02:17.879 and the Berlin wallfell, and now there's an airport named 42 00:02:17.879 --> 00:02:20.840 after Reagan. Trump is trying to do the same thing 43 00:02:21.000 --> 00:02:25.960 to China with tariffs. You know, we have one hundred 44 00:02:25.960 --> 00:02:29.240 and twenty five percent tariffs on China. China sells more 45 00:02:29.280 --> 00:02:33.199 goods into the US than we sell to them. It's 46 00:02:33.240 --> 00:02:37.199 totally asymmetrical. This hurts China more than it does US. 47 00:02:38.080 --> 00:02:42.000 China is playing poker. They're saying that, you know, they 48 00:02:42.080 --> 00:02:44.919 can raise tariffs and definitely, and you know, the reality 49 00:02:45.000 --> 00:02:47.840 is they can't. What Trump is trying to do is 50 00:02:47.879 --> 00:02:51.919 to weaken their economy and push them into a depression. 51 00:02:51.960 --> 00:02:56.280 They're already in a recession. They've had a real estate crash, 52 00:02:56.319 --> 00:03:00.159 and they have terrible demographics and they have deflation, and 53 00:03:00.199 --> 00:03:03.000 Trump is trying to push them into a depression so 54 00:03:03.039 --> 00:03:05.759 that they're no longer a military power. 55 00:03:06.919 --> 00:03:07.280 Okay. 56 00:03:07.360 --> 00:03:10.520 With that being said, as you said that they have 57 00:03:10.639 --> 00:03:15.759 more to lose than we do. There's a political consideration 58 00:03:15.879 --> 00:03:18.039 here that I would like you to comment on, and 59 00:03:18.080 --> 00:03:22.400 that is she is not elected. I mean, he is 60 00:03:22.479 --> 00:03:26.479 now an autocrat and he doesn't have to talk to 61 00:03:26.560 --> 00:03:29.159 the electorate because there isn't one. For the most part, 62 00:03:29.800 --> 00:03:33.159 he doesn't report to anybody. And China has been known 63 00:03:33.199 --> 00:03:37.199 to play the long game ever since well forever, I mean, 64 00:03:37.240 --> 00:03:40.120 that's just the way they operate. And so with that 65 00:03:40.240 --> 00:03:43.280 being said, and him saying, you know what, we're willing 66 00:03:43.319 --> 00:03:46.800 to tough it out, which they have before, who do 67 00:03:46.840 --> 00:03:48.560 you think is going to blink first. 68 00:03:49.039 --> 00:03:52.159 I think China will blink first. I absolutely do. I 69 00:03:52.759 --> 00:03:56.159 think people in the US tend to, I guess over 70 00:03:56.240 --> 00:03:59.879 inflate China as a threat or as an economic power. 71 00:04:00.960 --> 00:04:06.759 The Chinese bureaucracy is very dysfunctional. Nothing really moves in 72 00:04:06.800 --> 00:04:12.759 that country without she saying so, it's sclerotic, it's bloated, 73 00:04:12.919 --> 00:04:18.480 it's corrupt, it's very slow. I am I am not 74 00:04:18.680 --> 00:04:22.120 too worried about if in a tariff war, in a 75 00:04:22.160 --> 00:04:25.959 trade war between the US in China, the US is 76 00:04:26.000 --> 00:04:28.680 going to win. Having said that, you know, as a 77 00:04:28.720 --> 00:04:31.240 free trader, as somebody who believes in pre trade and 78 00:04:31.240 --> 00:04:35.240 believes that pre trade benefits everybody, I'm you know, I'm 79 00:04:35.279 --> 00:04:38.199 sort of skeptical that this is a good idea in 80 00:04:38.199 --> 00:04:40.600 the first place. But you know, you mentioned in the 81 00:04:40.600 --> 00:04:44.120 beginning that, you know, Trump hasn't really communicated the goal 82 00:04:44.199 --> 00:04:47.120 behind this, and this is sort of a bad marketing 83 00:04:47.199 --> 00:04:50.519 job by the administration. If he said, look, we're all 84 00:04:50.519 --> 00:04:52.720 in this together, We're going to have to pay higher 85 00:04:52.720 --> 00:04:56.160 prices for goods, We're going to have to endure a 86 00:04:56.199 --> 00:04:59.800 little stock market volatility in the pursuit of this goal, 87 00:05:00.279 --> 00:05:02.000 then I think people would be on board. But he's 88 00:05:02.040 --> 00:05:03.480 done a terrible job selling him. 89 00:05:03.600 --> 00:05:05.759 You know what, I have to tell you, I disagree 90 00:05:05.920 --> 00:05:08.639 because I think he's making it very clear now and 91 00:05:08.720 --> 00:05:11.360 he's doing a lot what Reagan did. When Reagan came 92 00:05:11.399 --> 00:05:13.040 in and said, hey, it's not going to be good 93 00:05:13.040 --> 00:05:15.120 for a while, guys, you're going to have to just 94 00:05:15.240 --> 00:05:17.519 suck it up. And he was very open about it, 95 00:05:17.879 --> 00:05:20.079 and he goes but in the end, it's going to 96 00:05:20.120 --> 00:05:22.079 come back, and it did. I mean, he was right 97 00:05:22.120 --> 00:05:25.759 on in terms of the financial world. And Trump has 98 00:05:25.800 --> 00:05:28.279 gone from of course, day one, I promise you the 99 00:05:28.319 --> 00:05:31.439 economy is going to explode. I promise you price is 100 00:05:31.480 --> 00:05:33.360 going to be down day one. It's going to be 101 00:05:33.360 --> 00:05:36.079 a beautiful economy on January twentieth. 102 00:05:36.199 --> 00:05:36.839 Okay, thank you. 103 00:05:36.920 --> 00:05:40.839 With that being said, now he has already said there's 104 00:05:40.879 --> 00:05:43.839 a transition. We have to live through it a little bit. 105 00:05:44.480 --> 00:05:47.920 The question is how long can we live through it? 106 00:05:48.399 --> 00:05:52.199 Even believing that in the end the endgame is exactly 107 00:05:52.199 --> 00:05:56.800 what Trump wants, and that's manufacturing here, employment here, that 108 00:05:57.000 --> 00:05:59.600 we don't have to rely on foreign markets as much, 109 00:06:00.120 --> 00:06:01.160 manufacturing as much. 110 00:06:01.199 --> 00:06:02.399 How long can we last? 111 00:06:04.519 --> 00:06:06.720 I don't know. I haven't I haven't seen this before. 112 00:06:06.839 --> 00:06:09.600 I mean, you know, Scott Bessen, the Treasury secretary, he 113 00:06:09.720 --> 00:06:11.959 actually sold it a little bit. I mean he said, 114 00:06:12.439 --> 00:06:14.519 we're going to have to go through a period of detox, 115 00:06:14.600 --> 00:06:17.240 That's what he called it. And you know, Biden is 116 00:06:17.399 --> 00:06:21.240 in his term front loaded all the pleasure during the pandemic, 117 00:06:21.319 --> 00:06:24.040 with all the stimulus checks and PPP loans and stuff 118 00:06:24.079 --> 00:06:27.000 like that. And Trump is front loading all the pain 119 00:06:27.160 --> 00:06:31.920 much like Reagan did. Just like you said. So you know, 120 00:06:32.279 --> 00:06:37.120 let's say cars start costing ten twenty thousand dollars more, 121 00:06:37.439 --> 00:06:41.240 food costs more, Walmart costs more. All this stuff. It 122 00:06:41.319 --> 00:06:46.319 causes people some pain. How long can we last? I 123 00:06:46.360 --> 00:06:48.079 don't know. I mean, the interesting thing is is that 124 00:06:48.120 --> 00:06:51.600 Trump's popularity. If you look at the polls, there's been 125 00:06:51.600 --> 00:06:54.399 some polls that if they re ran the election right now, 126 00:06:54.480 --> 00:06:57.680 even with all this economic chaos, Trump would have still 127 00:06:57.720 --> 00:07:00.079 beaten Kamala if the election were held today. 128 00:07:00.319 --> 00:07:02.240 For the life of me, I don't get it, I 129 00:07:02.319 --> 00:07:05.959 really don't. As Trump said, prices have gone down. I 130 00:07:06.000 --> 00:07:08.680 went to the store about a dozen eggs, paid twelve bucks, 131 00:07:09.399 --> 00:07:12.839 walked to the clerk and they go it's twelve dollars. 132 00:07:12.839 --> 00:07:15.759 I go, no, no, prices have gone down. Oh no, no, 133 00:07:15.839 --> 00:07:19.240 it's still twelve bucks. No, no, you're wrong, prices have dropped. 134 00:07:19.240 --> 00:07:24.839 Don't you understand anyway, So we will see, by the way, 135 00:07:24.879 --> 00:07:25.480 real quickly. 136 00:07:25.560 --> 00:07:28.439 Are you a fan, yes or no, of any of 137 00:07:28.439 --> 00:07:29.160 these tariffs? 138 00:07:30.839 --> 00:07:33.040 I think the only I'm not a fan of the 139 00:07:33.439 --> 00:07:36.519 ten percent across the board tariffs. I don't think. Look, 140 00:07:36.759 --> 00:07:39.120 I mean, if the goal is to bring back manufacturing, 141 00:07:39.720 --> 00:07:42.600 there's two things. First of all, why do we want 142 00:07:42.639 --> 00:07:49.040 manufacturing jobs? Manufacturing jobs are stultifying and boring and tedious. 143 00:07:49.680 --> 00:07:52.120 Let other countries do it. So I don't think we 144 00:07:52.199 --> 00:07:55.279 really want manufacturing jobs. And manufacturing jobs have been going 145 00:07:55.319 --> 00:07:59.399 down for one hundred years, regardless of all the free 146 00:07:59.399 --> 00:08:04.079 trade agreement. It's just a matter of automation. So that's 147 00:08:04.120 --> 00:08:06.279 part of it. And I lost my train of thought 148 00:08:06.279 --> 00:08:07.319 and I can't remember the other part. 149 00:08:07.439 --> 00:08:09.560 Oh good, get a talk show. I get a talk 150 00:08:09.600 --> 00:08:12.560 show because this is what we do. Jared, thank you 151 00:08:12.639 --> 00:08:14.439 so much for being with us. You have a lot 152 00:08:14.439 --> 00:08:18.160 in explaining. All right, you take care. All right, I 153 00:08:18.240 --> 00:08:21.720 want to quickly talk about Karen Bass and a guy 154 00:08:21.720 --> 00:08:23.079 with named Steve Sobaroff. 155 00:08:23.560 --> 00:08:25.600 Now I want to be fair to Karen Bass. 156 00:08:26.079 --> 00:08:29.639 I've been very rough on her, and well, you know, 157 00:08:29.680 --> 00:08:32.120 I'm not a big fan of hers. I'm less of 158 00:08:32.159 --> 00:08:36.360 a fan now and I think she screwed the pooch 159 00:08:36.519 --> 00:08:39.399 even more. Yeah, I don't know how she's going to 160 00:08:39.399 --> 00:08:41.840 get re elected. I have no idea, but anyway. Steve 161 00:08:41.919 --> 00:08:47.080 soberof Soberoff is LA's fire Recovery zar by named by 162 00:08:47.159 --> 00:08:53.480 Karen Bass, and he's a civic leader and man, he just. 163 00:08:53.519 --> 00:08:54.480 Shoots from the hip. 164 00:08:54.519 --> 00:08:58.639 He does not mind saying things zill tell people to 165 00:08:58.919 --> 00:09:00.960 f off at press conferences. 166 00:09:01.000 --> 00:09:01.559 He doesn't go. 167 00:09:02.000 --> 00:09:07.159 He just doesn't stop. And he is a developer and 168 00:09:07.399 --> 00:09:09.399 very well known in the world real estate. And he 169 00:09:09.600 --> 00:09:13.879 was hired for a three month term to lead the 170 00:09:14.399 --> 00:09:19.480 Let's Fix the Palisades after the fires. Salary of five 171 00:09:19.600 --> 00:09:22.240 hundred thousand dollars for three months, by the way, not bad. 172 00:09:22.879 --> 00:09:24.440 And there was such an up where he goes, okay, 173 00:09:24.480 --> 00:09:28.039 I'll do this for free. He certainly doesn't need the money. Well, 174 00:09:28.039 --> 00:09:30.200 what he says is from the minute he was hired 175 00:09:30.279 --> 00:09:36.799 by Karen Bass, he was shut out. She just wasn't 176 00:09:36.840 --> 00:09:41.480 interested in him doing his job. Now he still worked, 177 00:09:41.919 --> 00:09:45.279 but not what he was supposed to do. He ended 178 00:09:45.360 --> 00:09:51.759 up being a fixer, called people up. He was able 179 00:09:51.759 --> 00:09:55.759 to negotiate FEMA getting involved in helping by the way, 180 00:09:56.080 --> 00:09:59.879 his exclusion, according to him, came within two weeks after 181 00:10:00.080 --> 00:10:06.240 his appointment. For example, she opened the mayor opened palis 182 00:10:06.320 --> 00:10:08.879 ages to the public. According to Steve Soberoff, she didn't 183 00:10:08.879 --> 00:10:12.480 even tell him. He wasn't anywhere near the press conference. 184 00:10:12.679 --> 00:10:14.360 And this is the guy who was supposed to take 185 00:10:14.360 --> 00:10:20.639 care of all this, and how was she How did 186 00:10:20.679 --> 00:10:25.000 she respond, Well, I have known Steve for years and years, 187 00:10:26.080 --> 00:10:29.320 and he's not going to be that far away anyway, 188 00:10:29.480 --> 00:10:31.919 in reference to him not being at the press conference, 189 00:10:32.639 --> 00:10:37.759 so he knows I'll stay in contact. And she said 190 00:10:37.759 --> 00:10:41.559 that Soberoff has laid a great foundation in his role. 191 00:10:41.720 --> 00:10:44.679 I don't know what any of that means. This is 192 00:10:44.759 --> 00:10:45.759 political speak. 193 00:10:46.000 --> 00:10:50.399 This is an accusation being thrown at a political figure 194 00:10:50.399 --> 00:10:55.759 who comes back and says, I believe in what I 195 00:10:55.799 --> 00:10:58.679 am doing for the benefit of the people in Los Angeles, 196 00:10:59.279 --> 00:11:02.440 and I am fixing the problems with the fires more 197 00:11:02.480 --> 00:11:05.279 so than anybody else, and we're doing it the greatest 198 00:11:05.320 --> 00:11:08.120 job we've ever done in history of fixing up a city. 199 00:11:09.000 --> 00:11:12.559 How about responding to the fact you didn't let Steve 200 00:11:12.639 --> 00:11:17.759 sober off anywhere near uh the fires or repair that 201 00:11:17.799 --> 00:11:18.960 you said you were going to. 202 00:11:19.919 --> 00:11:21.720 I believe in Los Angeles. 203 00:11:21.919 --> 00:11:24.799 I believe that we are going to fix this city 204 00:11:25.279 --> 00:11:26.759 as quickly as possible. 205 00:11:26.840 --> 00:11:28.279 And her spokesperson said. 206 00:11:28.120 --> 00:11:29.799 And no one has done a job the way she 207 00:11:29.879 --> 00:11:34.440 has done it, typical, typical political speech. 208 00:11:35.200 --> 00:11:35.919 I'm not a fan. 209 00:11:36.039 --> 00:11:39.159 I couldn't believe that Paul Caruso did not win that 210 00:11:39.639 --> 00:11:40.279 mayor's race. 211 00:11:40.360 --> 00:11:43.440 Could not believe it. Rick Crusoe, that's him too, That's right, 212 00:11:43.559 --> 00:11:44.080 Rick Caruso. 213 00:11:44.120 --> 00:11:47.480 I don't know why I have a They're brain all 214 00:11:47.519 --> 00:11:47.799 the time. 215 00:11:47.960 --> 00:11:49.799 No, I don't know. It's a mental block I have. 216 00:11:49.960 --> 00:11:50.879 Who's Paul Crusoe. 217 00:11:50.919 --> 00:11:54.480 I have no idea. I have absolutely no idea who 218 00:11:54.519 --> 00:11:55.480 Paul Caruso is. 219 00:11:57.720 --> 00:11:59.159 As a matter of fact, he act. 220 00:11:59.480 --> 00:12:01.639 Okay, I feel better, I feel like Eminem. Well, the 221 00:12:01.679 --> 00:12:04.320 real Paul Caruso, please stand up, Please. 222 00:12:04.039 --> 00:12:06.080 Stand up as an actor. He died in two thousand 223 00:12:06.120 --> 00:12:06.360 and one. 224 00:12:06.440 --> 00:12:09.759 Even better, all right. I have often said I am 225 00:12:09.799 --> 00:12:14.080 not an exceptionalist. And what do I mean by that? Well, 226 00:12:14.120 --> 00:12:17.519 it's in reference to people who say America is the 227 00:12:17.519 --> 00:12:21.519 greatest country in the world, and in many ways I 228 00:12:21.559 --> 00:12:28.960 agree with that. There is no question opportunity, certainly natural resources. 229 00:12:29.879 --> 00:12:34.080 Now there are some issues. For example, our medical system. 230 00:12:34.120 --> 00:12:35.879 You think that's broken. Are we the best in the 231 00:12:35.919 --> 00:12:39.360 world in terms of our medical system? Really the number 232 00:12:39.399 --> 00:12:42.639 of people in prison more than any place else in 233 00:12:42.679 --> 00:12:46.240 the world, not only in terms of numbers, but per capita. 234 00:12:47.080 --> 00:12:51.039 We are the greatest country in the world. Right, Well, 235 00:12:51.960 --> 00:12:53.919 you know we are in many many ways. 236 00:12:54.000 --> 00:12:56.360 Now one of the things where we are maybe not 237 00:12:56.519 --> 00:12:59.360 the greatest country in the world homelessness. You think that's 238 00:12:59.399 --> 00:13:02.320 a problem. So let me tell you a story about 239 00:13:02.320 --> 00:13:06.840 what's going on in New York and homeless. There are 240 00:13:07.039 --> 00:13:12.200 New York homeless shelters, and about a third of the 241 00:13:12.279 --> 00:13:15.320 families that live in these shelters, not including migrants, by 242 00:13:15.320 --> 00:13:18.320 the way, have at least one adult who gets up, 243 00:13:18.399 --> 00:13:22.960 goes to work every day and they're living in homeless shelters. 244 00:13:24.039 --> 00:13:26.240 Some of them make up to fifty thousand dollars a 245 00:13:26.320 --> 00:13:33.519 year and they're living in homeless shelters. How is that possible? Well, 246 00:13:34.159 --> 00:13:37.600 there are two reasons. And by the way, this is 247 00:13:37.679 --> 00:13:39.879 not the kind of homeless that we see that. They 248 00:13:39.960 --> 00:13:43.639 see people sleeping on subway cars or begging for change 249 00:13:43.679 --> 00:13:46.279 on street corners. I love it when you was some 250 00:13:46.360 --> 00:13:48.399 guy on a three corner, Hey, mister, do you have 251 00:13:48.440 --> 00:13:50.799 any change? And I look and I go, I have plenty, 252 00:13:50.879 --> 00:13:54.879 and then I walk away. Or if I have a 253 00:13:54.879 --> 00:13:57.559 bunch of change in my pocket, I jingle it and say, yeah, 254 00:13:57.720 --> 00:14:00.519 lots of it, and then I walk Not big fan 255 00:14:00.559 --> 00:14:05.039 of people just begging for money on the street corner. 256 00:14:05.600 --> 00:14:09.360 But you've got people who are mentally ill or addicted. Okay, 257 00:14:09.440 --> 00:14:11.360 that's part of the homeless population. 258 00:14:11.039 --> 00:14:16.399 Got it. But people who work full time? How is 259 00:14:16.399 --> 00:14:17.200 that possible? 260 00:14:17.879 --> 00:14:22.679 Well, the cost of living in New York, the price 261 00:14:23.039 --> 00:14:27.440 of real estate in terms of rentals, are just out 262 00:14:27.440 --> 00:14:32.039 of control. You make fifty thousand dollars a year, all right, 263 00:14:32.080 --> 00:14:35.360 Then you're down to, after taxes, thirty five thousand dollars 264 00:14:35.399 --> 00:14:41.840 a year, and rent is twenty five hundred dollars a year. 265 00:14:41.919 --> 00:14:44.480 So you have a spendable income of thirty thousand dollars 266 00:14:44.519 --> 00:14:47.159 thirty five thousand, your rent is thirty thousand dollars. 267 00:14:48.240 --> 00:14:51.000 And by the way, there are no places to rent. 268 00:14:53.279 --> 00:14:56.759 So what ends up happening, Well, you have thousands of 269 00:14:56.799 --> 00:15:01.240 working people that end up in shelters, and that one 270 00:15:01.840 --> 00:15:04.480 just rips me to shreds. You go to other countries 271 00:15:04.480 --> 00:15:06.840 in the world. I just got back from Italy. You 272 00:15:06.919 --> 00:15:11.919 don't see homeless people on the street. You go to Amsterdam, 273 00:15:12.279 --> 00:15:14.240 you go to any of the Scandinavian countries, you go 274 00:15:14.279 --> 00:15:17.360 to Germany, you don't see homeless people on the street. 275 00:15:18.840 --> 00:15:22.399 Imagine you're in New York. Someone gets up, goes to work, 276 00:15:23.000 --> 00:15:26.600 even cops. Are you ready for this? Even police officers? 277 00:15:27.519 --> 00:15:31.759 And what happens is these people don't admit it because 278 00:15:31.759 --> 00:15:35.919 I mean, how humiliating is that living in a shelter. Now, 279 00:15:35.919 --> 00:15:38.960 these are separate shelters that they are building. They are 280 00:15:39.080 --> 00:15:44.559 shelters for people to work. And there are small shelters 281 00:15:45.519 --> 00:15:50.799 people live two or three to There are dorm rooms, 282 00:15:51.440 --> 00:15:55.240 single beds, but there is a cafeteria there. 283 00:15:56.039 --> 00:15:57.519 They give up bus tokens. 284 00:15:58.840 --> 00:16:03.519 There are people to help people get jobs, all paid 285 00:16:03.559 --> 00:16:07.279 for by the city, because the number one employer of 286 00:16:07.519 --> 00:16:10.039 these people who get up and go to work is 287 00:16:10.120 --> 00:16:14.440 the city of New York. They're bus drivers, they work 288 00:16:14.440 --> 00:16:19.759 in the schools, they work on the subway, tackling those 289 00:16:19.799 --> 00:16:22.840 people that try to jump the line, go over the 290 00:16:23.679 --> 00:16:29.600 little gates. They work and they're janitors, but they work 291 00:16:30.360 --> 00:16:35.240 and they live in shelters. Ask them if America is 292 00:16:35.320 --> 00:16:39.240 the greatest country in the world. Now you ask me, 293 00:16:39.720 --> 00:16:43.120 I live in a nice house. Yeah, America is the 294 00:16:43.159 --> 00:16:45.720 greatest country in the world. I can afford insurance, so 295 00:16:45.759 --> 00:16:48.279 I have great medical care. I mean, I pay for it, 296 00:16:48.360 --> 00:16:54.360 but I have great medical care. So I'll tell you 297 00:16:54.399 --> 00:16:56.480 all that level. America is the greatest country in the world. 298 00:16:56.519 --> 00:16:59.080 And then you have opportunity. I came here as an immigrant. 299 00:17:00.279 --> 00:17:01.879 I came here to the United States when I was 300 00:17:02.120 --> 00:17:04.759 five years old. Didn't speak a word of English, and 301 00:17:04.799 --> 00:17:07.759 there was no English as a second language. There weren't 302 00:17:07.799 --> 00:17:11.880 many teachers that taught in Portuguese when I started going 303 00:17:11.920 --> 00:17:14.000 to school, so it was a baptism and fire. 304 00:17:16.079 --> 00:17:17.920 But the opportunity was there. 305 00:17:18.079 --> 00:17:19.799 You know, there are many countries in the world where 306 00:17:19.799 --> 00:17:23.960 you come to a country dirt poor. I mean, you know, 307 00:17:23.960 --> 00:17:26.000 I'm gonna tell you, Yeah, I walked to school of 308 00:17:26.079 --> 00:17:29.400 four miles in the snow uphill both ways here in 309 00:17:29.480 --> 00:17:34.279 southern California. Yeah, yeah, okay, fine, But my parents did 310 00:17:34.359 --> 00:17:39.200 come here with nothing, and you know, I was able 311 00:17:39.279 --> 00:17:42.559 to get a La City unified, great education. 312 00:17:42.720 --> 00:17:44.799 That's when you could actually come out and be literate. 313 00:17:45.319 --> 00:17:46.839 And then I went to a state. 314 00:17:46.599 --> 00:17:50.240 College, then I went to law school, and you know, 315 00:17:50.279 --> 00:17:55.200 all of it. That's opportunity. That's America in its best ways. 316 00:17:55.920 --> 00:17:58.519 Talk to those people who live in shelters in New 317 00:17:58.599 --> 00:18:03.319 York live who can't get a place to stay because 318 00:18:03.359 --> 00:18:05.240 of all the craziness. All right, coming up at the 319 00:18:05.240 --> 00:18:08.599 top of the hour, Neil Savager of Foodie Friday, and 320 00:18:08.640 --> 00:18:11.559 then ask handle anything fairly new segment where we have 321 00:18:11.599 --> 00:18:14.440 a good time and humili ate me for the most part. Okay, 322 00:18:14.759 --> 00:18:17.599 that's Justin. You're hearing Justin Worsham who used to be 323 00:18:17.799 --> 00:18:19.640 on this show. And I was just talking to Justin. 324 00:18:19.680 --> 00:18:23.000 He was our board operator, Kono. Just want to let 325 00:18:23.039 --> 00:18:25.640 you know he was so far better than you could 326 00:18:25.759 --> 00:18:28.200 ever be good. Yeah, it could be that great. I 327 00:18:28.240 --> 00:18:29.039 don't work here. 328 00:18:30.759 --> 00:18:32.839 And it's been almost it's been ten years. 329 00:18:32.960 --> 00:18:35.880 Ten years, man, twenty fifteen. You know that's got to 330 00:18:36.160 --> 00:18:37.960 that weird. It doesn't feel like it. I'll be honest. 331 00:18:38.000 --> 00:18:41.079 Now it feels like it. Well for me, yeah, wow, 332 00:18:41.119 --> 00:18:45.400 ten years. So anyway, Justin left us. Were you fired? 333 00:18:45.480 --> 00:18:46.559 Or do you voluntarily leave? 334 00:18:46.839 --> 00:18:48.680 You know, it's a little bit of both. I was 335 00:18:48.720 --> 00:18:51.720 fired because management at the time thought I made the 336 00:18:51.759 --> 00:18:54.400 show sound too FM and too silly, because I felt 337 00:18:54.440 --> 00:18:56.720 I was originally hired to make like do comedy bits 338 00:18:56.720 --> 00:19:00.720 because I was a comedian, and then so I was like, okay, 339 00:19:00.839 --> 00:19:02.960 and they wanted me to just be the board op 340 00:19:03.000 --> 00:19:08.720 no offense Steve and so anyway, I eventually I had 341 00:19:08.720 --> 00:19:10.400 to go in there and say I think I'm good. 342 00:19:10.559 --> 00:19:12.640 I think I'm out. And then they I said, but 343 00:19:12.759 --> 00:19:15.319 go ahead and find somebody. I'll train them whatever. And 344 00:19:15.359 --> 00:19:17.839 that took like five months, and I go, hey, at 345 00:19:17.839 --> 00:19:20.839 the time, we're under hiring Freeze, and I said, do 346 00:19:20.880 --> 00:19:22.640 you need me to quit in order to hire somebody? 347 00:19:22.720 --> 00:19:24.279 And they were like yeah, So I said okay. 348 00:19:24.839 --> 00:19:26.559 And by the way, for those people had never heard, 349 00:19:26.759 --> 00:19:27.799 do you do comedy? Still? 350 00:19:28.000 --> 00:19:31.039 I don't because you are very funny. By the way, 351 00:19:31.119 --> 00:19:32.720 if you weren't, I would tell you that. I know, 352 00:19:33.519 --> 00:19:34.160 I know you would. 353 00:19:34.160 --> 00:19:36.799 You're actually one of my the joys of my life 354 00:19:37.000 --> 00:19:39.200 was at my time here was making you laugh. To 355 00:19:39.240 --> 00:19:41.400 be an all sincerity. I know I got a lot 356 00:19:41.440 --> 00:19:43.240 of hell for laughing at you. That was another thing. 357 00:19:43.240 --> 00:19:44.759 I got in trouble because I thought you were funny 358 00:19:44.799 --> 00:19:45.480 and nobody else did. 359 00:19:45.599 --> 00:19:46.119 Y's true. 360 00:19:46.400 --> 00:19:48.440 I can't even begin to tell you how true. Hey, 361 00:19:48.519 --> 00:19:52.279 let's talk about real estate. You left, and you left 362 00:19:52.279 --> 00:19:55.160 for real estate, which was obviously a great decision for you. 363 00:19:55.480 --> 00:19:59.720 And then this weekend you're going to do a program, yes, 364 00:20:00.000 --> 00:20:00.440 in real estate. 365 00:20:00.480 --> 00:20:03.200 They're giving me an audition to do a show about 366 00:20:03.240 --> 00:20:06.480 southern California real estate. So's the way I'm describing it 367 00:20:06.559 --> 00:20:08.640 at this point is it's like the high school class 368 00:20:08.640 --> 00:20:11.519 everybody should have about buying a home. It's the information 369 00:20:11.599 --> 00:20:13.440 that everybody should know, and most people don't. 370 00:20:14.880 --> 00:20:17.079 Shouldn't you talk about how you're not going to be 371 00:20:17.119 --> 00:20:19.440 able to buy a home? That's a big talkopic, Yeah, 372 00:20:19.440 --> 00:20:21.240 that is. I was talking to my daughter last night. 373 00:20:21.279 --> 00:20:24.839 I was with my daughter, Marjorie, and we were having dinner, 374 00:20:24.920 --> 00:20:27.400 and my daughter said, I'm never going to buy a house. 375 00:20:27.480 --> 00:20:30.480 And Mom, when you know you bought your first house? 376 00:20:30.480 --> 00:20:32.960 She goes, two years after I started working. She goes, 377 00:20:32.960 --> 00:20:35.319 how is that possible? And how much was it? 378 00:20:35.519 --> 00:20:40.680 And she said one hundred thousand dollars And we started 379 00:20:40.680 --> 00:20:43.279 talking about how much money she was making at the time, 380 00:20:43.319 --> 00:20:46.160 and she started her job at twenty five thousand dollars 381 00:20:46.200 --> 00:20:48.079 a year and was able to buy a one hundred 382 00:20:48.079 --> 00:20:51.279 thousand dollars home. That's a four to one ratio. Okay, 383 00:20:51.400 --> 00:20:55.119 let's say you make one hundred thousand dollars. If you 384 00:20:55.160 --> 00:20:57.200 make one hundred thousand dollars a year, which is not bad. 385 00:20:57.279 --> 00:21:00.480 By the way, you're talking about a four hundred thousand 386 00:21:00.519 --> 00:21:04.400 dollars house. Where do you get that in southern California, especially. 387 00:21:04.119 --> 00:21:06.359 Right out of college, when you're riddled with because college costs 388 00:21:06.400 --> 00:21:09.119 way more, so they're just strapped with student loans and debt. 389 00:21:09.200 --> 00:21:09.839 I can't do it. 390 00:21:09.880 --> 00:21:11.880 State of California is already we talked about it at 391 00:21:11.920 --> 00:21:15.160 the first show last week. Is sixteen percent affordability. So 392 00:21:15.200 --> 00:21:18.640 that means that sixteen percent of Californians can afford to 393 00:21:18.720 --> 00:21:21.880 pay the mortgage payment on a on the median price 394 00:21:21.920 --> 00:21:24.000 home of about nine hundred and fifty six thousand in 395 00:21:24.039 --> 00:21:25.880 the state of California, only sixteen percent. 396 00:21:25.920 --> 00:21:27.559 And by the way, what is nine hundred and fifty 397 00:21:27.559 --> 00:21:29.759 six thousand dollars buy yout In. 398 00:21:30.000 --> 00:21:33.480 Southern you can get a pretty nice condo. 399 00:21:35.680 --> 00:21:37.079 I know, I look out the window and I know 400 00:21:37.119 --> 00:21:38.880 you live in Burbank, right, you're right around the corner. 401 00:21:38.920 --> 00:21:40.960