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Mark interviews economist Steve Moore. · The Mark Simone Show

• 0:01
  Speaker 1: Mark Simon, we're looking for Steve Moore. What a shot? Huh,
• 0:11
  Speaker 1: Now he'll turn up. I'll bet you we find him then.
• 0:16
  Speaker 1: I don't want to predict, but I bet you we'll
• 0:17
  Speaker 1: find him. So hey, if you want a luxury home,
• 0:22
  Speaker 1: how much you have to spend a luxury home? What's
• 0:25
  Speaker 1: considered a luxury home? How much? A million dollars? No,
• 0:30
  Speaker 1: that won't do it anymore. It used to, but according
• 0:35
  Speaker 1: to realtor dot com, a million dollars will no longer
• 0:38
  Speaker 1: buy a luxury home in America anymore. A new analysis
• 0:42
  Speaker 1: shows one point three million, at least one point three
• 0:46
  Speaker 1: million starting point for a luxury home, and that they
• 0:50
  Speaker 1: could what they call luxury home is if it's in
• 0:52
  Speaker 1: the top ten percent of the home listings. But to
• 0:55
  Speaker 1: get in the top ten percent, you now need to
• 0:57
  Speaker 1: spend one point three million. Just ten years ago, it
• 1:01
  Speaker 1: was eight hundred thousand. Now if you want to get
• 1:04
  Speaker 1: in the top one percent, got to be five and
• 1:09
  Speaker 1: a half million. And obviously geography is a factor. It's
• 1:13
  Speaker 1: different in different areas, so prices and you know, prices
• 1:18
  Speaker 1: keep going up here in New York. I know the Brithings, Well,
• 1:21
  Speaker 1: everybody's gonna flee if Mom Donnie comes in and it's
• 1:23
  Speaker 1: going to cause a real estate crash. Prices are going
• 1:26
  Speaker 1: up every day for rentals, for sales everywhere. Well, we
• 1:30
  Speaker 1: got Steve Moore, the great economist. Get his book, The
• 1:33
  Speaker 1: Trump Economic Miracle. Check out. He runs the Committee to
• 1:37
  Speaker 1: Unleashed Prosperity. Go to the website. Sign up for the
• 1:39
  Speaker 1: daily briefing, best news and analysis. Just go to Unleash
• 1:43
  Speaker 1: Prosperity dot com. Steve Moore, how you doing well?
• 1:48
  Speaker 2: Hey, Mark, Good to be with you. And a terrible
• 1:50
  Speaker 2: because you know the I just can't sleep at night
• 1:52
  Speaker 2: because the Labor Department and the Education Department are closed down.
• 1:55
  Speaker 2: I mean, how am I going to go forward?
• 1:58
  Speaker 1: Yeah? Hey, don't you know.
• 1:59
  Speaker 2: We's got dollars hundreds and hundreds and hundreds of thousands
• 2:02
  Speaker 2: of these quote non essential you know, that's their term,
• 2:05
  Speaker 2: non essential government employees. And we've got we've got an
• 2:08
  Speaker 2: enterprise here that's losing two trillion dollars a year. Hmm.
• 2:11
  Speaker 2: Maybe Russell bow is right, Maybe we just do away
• 2:14
  Speaker 2: with all these non essential people and we can move
• 2:17
  Speaker 2: to a balanced budget.
• 2:18
  Speaker 1: Yeah, you know, people forget we have a government shutdown
• 2:21
  Speaker 1: every week five o'clock Friday night. They shut down for.
• 2:23
  Speaker 2: Two days exactly. Well, you know the funny thing is,
• 2:27
  Speaker 2: I guess it's funny, but you know, every I think,
• 2:30
  Speaker 2: as you know, Mark, every Friday morning, the first Friday
• 2:33
  Speaker 2: of every month, at eight three in the morning, I'm
• 2:37
  Speaker 2: with Maria about Aroma. Who does the jobs report? You
• 2:40
  Speaker 2: know when the big jobs number comes out. They're not
• 2:42
  Speaker 2: going to do it tomorrow.
• 2:43
  Speaker 1: Did you know that?
• 2:44
  Speaker 2: It's I've been told that there will not be a
• 2:47
  Speaker 2: jobs report because they can't I guess count when the
• 2:50
  Speaker 2: government to shut down. So we'll we will see about that.
• 2:53
  Speaker 2: But look, this is this is the Schumer shutdown. You're
• 2:57
  Speaker 2: there in New York, so you've got a lot of
• 2:59
  Speaker 2: New York voters there. Schumer wanted the shutdown. I said
• 3:02
  Speaker 2: this a couple of weeks ago, that Schumer was going
• 3:04
  Speaker 2: to shut the government down. That's exactly what he has done.
• 3:07
  Speaker 2: But it's not working for the Democrats. I don't think Mark.
• 3:09
  Speaker 2: I mean, I'm talking to his normal people all the time.
• 3:11
  Speaker 2: They're like, why are the Democrats doing this? Is it
• 3:14
  Speaker 2: really because they just want to provide free healthcare the
• 3:16
  Speaker 2: legal immigrants.
• 3:17
  Speaker 1: Now they'll say that's a lie. It's a Republican lie,
• 3:20
  Speaker 1: but tell us the truth. It does.
• 3:22
  Speaker 2: But it's not a lie. I mean is I read
• 3:25
  Speaker 2: the text of their version and it repeals the provision
• 3:30
  Speaker 2: in the Republican budget that says you are not permitted
• 3:34
  Speaker 2: that Medicaid dollars can only go to people who are
• 3:37
  Speaker 2: either legal citizens or legal immigrants in the country. So
• 3:41
  Speaker 2: that pretty much leaves illegal immigrants out.
• 3:45
  Speaker 1: But I was watching Morning Joe, and according to him,
• 3:48
  Speaker 1: you guys, you're just all to give money to billionaires.
• 3:52
  Speaker 1: That's all the care, right.
• 3:55
  Speaker 2: Though he doesn't say the billionaires are playing more of
• 3:57
  Speaker 2: the taxes than ever before in American history. Top one
• 4:00
  Speaker 2: percent pay a larger share of the tax of income
• 4:03
  Speaker 2: tax them anytime ever since we invented the income tax
• 4:07
  Speaker 2: and back in nineteen thirteen. So those are just those
• 4:10
  Speaker 2: are just talking points from the Democrats. But I just
• 4:13
  Speaker 2: don't get it. I mean, I think Schumer's kind of
• 4:16
  Speaker 2: thing is is back learned. He lost, as you know,
• 4:19
  Speaker 2: he lost three Democratic senators in the vote that happened
• 4:22
  Speaker 2: before that, and I think if you had another vote,
• 4:24
  Speaker 2: he'd probably lose another three or four. And again, I
• 4:27
  Speaker 2: want to make sure people understand this Mark because you know,
• 4:30
  Speaker 2: we have byzantine rules in Washington. So people say, well, look,
• 4:33
  Speaker 2: the Republicans don't call the House the Senate and the
• 4:35
  Speaker 2: White House. Why is the government shut down? It's because
• 4:38
  Speaker 2: it takes sixty votes in the Senate, sixty out of
• 4:40
  Speaker 2: one hundred to pass the budget. And all the Republicans
• 4:44
  Speaker 2: and three Democrats voted for that. But that only brought
• 4:47
  Speaker 2: us to what fifty five or fifty six, So that's
• 4:50
  Speaker 2: why there's still five votes are short. But I bet
• 4:52
  Speaker 2: if they had a vote tomorrow, I think you'd be
• 4:55
  Speaker 2: getting close to sixty. Because the Democrats are getting hammered
• 4:58
  Speaker 2: on this. Nobody understands what it is that they're after here.
• 5:01
  Speaker 2: It's just show voting and trying to embarrass Trump and
• 5:04
  Speaker 2: trying to get more money. And by the way, I'm
• 5:06
  Speaker 2: very pro immigration. I think immigrants are great, but.
• 5:08
  Speaker 1: No, not.
• 5:09
  Speaker 2: You can't let all these people come into the country
• 5:11
  Speaker 2: and then go to the go and use our healthcare
• 5:14
  Speaker 2: services and you and I pay for it. Yeah.
• 5:17
  Speaker 1: No, we love immigration. We just don't like illegals. I mean,
• 5:19
  Speaker 1: I love, exactly love I love pharmacists, but I don't
• 5:22
  Speaker 1: like you illegal drug dealers.
• 5:23
  Speaker 2: I mean.
• 5:25
  Speaker 1: Exactly apparently there is a vote tomorrow eleven am. That's
• 5:30
  Speaker 1: when they may vote again tomorrow.
• 5:33
  Speaker 2: Okay, and I'll bet you I don't know if they'll
• 5:35
  Speaker 2: get to sixty, but they're going to get close because
• 5:37
  Speaker 2: the Democrats are feeling the anger of the American people.
• 5:41
  Speaker 2: And by the way, this does cost money. That's the
• 5:43
  Speaker 2: other thing that rush Bott is saying is like, well,
• 5:45
  Speaker 2: you know, when we have these non essential people not
• 5:49
  Speaker 2: go to the office, did you know.
• 5:51
  Speaker 1: They get paid? Yeah, everybody, they.
• 5:53
  Speaker 2: Still get paid. Showing off for not having to work costs.
• 5:57
  Speaker 2: I wish my bosses said that you cannot show up
• 5:59
  Speaker 2: with us tomorrow, but I'm still gonna pay you. Yeah.
• 6:02
  Speaker 1: Hey, Steve Moore, let me ask you something. You're a
• 6:05
  Speaker 1: brilliant economist. We've got great economists, you, Art Laugher, Larry Cudlow,
• 6:09
  Speaker 1: Steve Forbes. Then you got forty thousand other economists. They
• 6:13
  Speaker 1: never know what the hell they're talking about, and they're
• 6:15
  Speaker 1: always wrong. Why is that?
• 6:17
  Speaker 2: Yeah, well, we had something in our hotline this morning
• 6:20
  Speaker 2: about that, and if you want to get that for free,
• 6:22
  Speaker 2: focus go down leash past thirty dot com and sign.
• 6:24
  Speaker 1: Up for free.
• 6:25
  Speaker 2: But we looked at the the forecast of all the
• 6:29
  Speaker 2: blue chip economists, all the smartest economsts at all the
• 6:31
  Speaker 2: big you know, banks and investment firms and so on,
• 6:34
  Speaker 2: the ones that are paid a million dollars a year
• 6:36
  Speaker 2: to come up with these forecasts, and they are the
• 6:39
  Speaker 2: blue chip. All the blue chip forecasts. There was almost
• 6:41
  Speaker 2: no exceptions. They all basically, Oh, we're gonna have one
• 6:44
  Speaker 2: and a half percent economic growth this year, blah blah blah.
• 6:46
  Speaker 2: Guess what, both in the second and third quarter we
• 6:49
  Speaker 2: had a close to four percent growth. How could they
• 6:51
  Speaker 2: be more wrong? I mean, I would take it's almost
• 6:54
  Speaker 2: like playing pin the tail on the donkey with the
• 6:57
  Speaker 2: blindfolded person and you know, trying to put I mean,
• 7:00
  Speaker 2: their projections have been completely wrong, and the economy's done
• 7:03
  Speaker 2: much better this year than almost all of the economy.
• 7:07
  Speaker 2: Remember Paul Kruman over that one, he said, oh my god,
• 7:10
  Speaker 2: we're gonna have a second great depression of Trump goes
• 7:12
  Speaker 2: back into office. Well, I don't know. I looked at
• 7:15
  Speaker 2: the stock markets doing pretty well.
• 7:17
  Speaker 1: Well. You know, I can understand the New York Times
• 7:19
  Speaker 1: hiring a total sleazy, biased economist, But if you're a
• 7:23
  Speaker 1: big Wall Street firm, you got to get it right.
• 7:26
  Speaker 2: How can we got it all wrong?
• 7:28
  Speaker 1: Don't you have to fire the economists to get it?
• 7:29
  Speaker 1: I mean baseball manager gets fired if you lose too
• 7:31
  Speaker 1: many games.
• 7:32
  Speaker 2: Exactly. No. But that's the thing about you know, the
• 7:35
  Speaker 2: the economics and politics is it doesn't matter how much
• 7:38
  Speaker 2: many times you're wrong, you know. I mean people have
• 7:40
  Speaker 2: written whole books about Paul Krugman about almost every prediction
• 7:44
  Speaker 2: you ever made. You know, he remembers he said Internet,
• 7:46
  Speaker 2: that's just a passing fan.
• 7:47
  Speaker 1: Remember that one the dumbest guy ever. Doesn't he have
• 7:53
  Speaker 1: a Nobel price.
• 7:55
  Speaker 2: He does, he has a Nobel Prize in economics. So
• 7:57
  Speaker 2: that's you know who deserves By the way, since this
• 8:00
  Speaker 2: is Nobel time, you know the guy who really does
• 8:03
  Speaker 2: deserve the Nobel Prize, who's probably the most influential living economy.
• 8:07
  Speaker 2: I mean I don't think probably, I think certainly is
• 8:09
  Speaker 2: the most impactful economists over the last you know, twenty
• 8:13
  Speaker 2: five years all over the world is out there laugher
• 8:18
  Speaker 2: and he still doesn't have a he doesn't have a
• 8:19
  Speaker 2: Nobel prize yet.
• 8:21
  Speaker 1: Well, he's got to be Trump bashing and he's got
• 8:24
  Speaker 1: to be much.
• 8:25
  Speaker 2: Exact he did that, he'd get that Nobel Prize in
• 8:27
  Speaker 2: five minutes.
• 8:28
  Speaker 1: Well Steve Moore, great work. Now he runs the committee
• 8:31
  Speaker 1: to Unleashed Prosperity. Go to Unleash prosperity dot com. You
• 8:35
  Speaker 1: guys have the best daily briefing and analysis of the
• 8:38
  Speaker 1: news every day. It's free. Come right to your email
• 8:41
  Speaker 1: Unleashed prosperity dot com. Steve Moore, thanks for being with us.
• 8:45
  Speaker 2: Okay, Mark, have a great weekend.
• 8:47
  Speaker 1: Take care, take care. Yeah, go sign up for that.
• 8:50
  Speaker 1: It is the best daily analysis and news every day.
• 8:54
  Speaker 1: It's free. Unleashed prosperity dot com. Also, make sure you
• 8:58
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• 9:00
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• 9:03
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