Latest / Sid & Friends In The Morning / Kelly Loeffler | Administrator of the Small Business Administration | 06-01-26

Transcript

Kelly Loeffler | Administrator of the Small Business Administration | 06-01-26 · Sid & Friends In The Morning

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  Speaker 1: Charge in de summer with Twoey and secure your holiday
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  Speaker 1: today with deals for families and adults flying from your
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  Speaker 1: local airport. Holiday sorted two DEESU seas apply.
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  Speaker 2: The ongoing federal relief is cutting taxes and cutting regulation. Look,
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  Speaker 2: Democrats layered on five trillion dollars of regulation and over
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  Speaker 2: the Biden administration, they voted to raise taxes on every
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  Speaker 2: hardworking American, on every farmer, on every builder in this country.
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  Speaker 2: And so this president is focused on bringing prices down
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  Speaker 2: for the long term and that's what's going to happen
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  Speaker 2: as soon as this conflict.
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  Speaker 3: Is Kelly is kind enough to join us once again
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  Speaker 3: on this Monday morning in New York City, Miss Leffler,
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  Speaker 3: How why are you good Monday morning?
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  Speaker 4: Well, good morning, said, I'm delighted to be on with
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  Speaker 4: you all today. And yes, that was an epic cabinet
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  Speaker 4: meeting once again, our twelfth since President Trump started a
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  Speaker 4: second term. And I love that they're all on television,
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  Speaker 4: so glad you watched it.
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  Speaker 3: No, it's quaite theater, it's Quaite TV. And you get
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  Speaker 3: to know some you guys, you know you hear the
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  Speaker 3: names and but to see Marko and and like even
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  Speaker 3: the little things like writing something down on paper or
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  Speaker 3: scratching their nose, whatever it is. You get to see
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  Speaker 3: you guys in action. I'm President Trump just kind of
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  Speaker 3: sitting there looking around and nodding at people and shaking
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  Speaker 3: his head. It's a twelfth to one now, so now
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  Speaker 3: they're easy. Will you ever intimidated the first time you
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  Speaker 3: sat in that room with him?
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  Speaker 4: Well, then of course, I will tell you. You know it's
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  Speaker 4: you walk into that room. It's so historic, and the
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  Speaker 4: President over the last couple of months has or now years,
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  Speaker 4: has made it more and more beautiful. And the press
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  Speaker 4: is there, and you know, you're with your colleagues, and
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  Speaker 4: everyone's excited to talk about what they're doing, and so
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  Speaker 4: you just hope to have the opportunity to share that
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  Speaker 4: with everyone. And I was really grateful I got to
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  Speaker 4: share with the president the work that he has put
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  Speaker 4: in and the results. So that's mainly we all want
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  Speaker 4: to show up and be able to talk to the
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  Speaker 4: American people directly about the results, because that's what the
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  Speaker 4: fake news won't tell you, is exactly what's going on
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  Speaker 4: on the ground. And that's what's incredible about this cabinet.
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  Speaker 4: We're all private sector people. We love to come in,
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  Speaker 4: report on results and then get back out on the road.
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  Speaker 4: In fact, I left that night for Arizona with Brooke
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  Speaker 4: Rollins to go to a cotton farm.
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  Speaker 3: Ah. Yeah, I know, I'm familiar. I've got a friend
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  Speaker 3: who works with JD. Bants and with Brooke was actually
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  Speaker 3: in Maine a couple of weeks ago. It was what
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  Speaker 3: was President Trump.
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  Speaker 2: Doing that night?
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  Speaker 3: It was something big? Oh, he was here. He was
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  Speaker 3: here in Rockland County with Mike Lawler and j D.
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  Speaker 3: The night before had this big rally in Maine, and
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  Speaker 3: you know, checking out the cotton farms and Brook Rollins
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  Speaker 3: was a terrific job too. So the last time you
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  Speaker 3: were here, you were cooking. Small business was cooking, the
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  Speaker 3: economy was cooking, the numbers were starting to improve dramatically.
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  Speaker 3: It just felt like Trump twenty sixteen again. Then of
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  Speaker 3: course started the war, which I was all for. Still
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  Speaker 3: I'm the Holy Ran conflict. But we know what's going
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  Speaker 3: on with the economy since that war started. I mean
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  Speaker 3: keep hearing the same thing, Kelly, from Trump and quite
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  Speaker 3: frankly in others, which is, hey, look when the war's over,
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  Speaker 3: everything's coming back. Price is going to come down, small
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  Speaker 3: businesses will do well again. We keep hearing that, and
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  Speaker 3: I believe it's true. I really do, when my heart
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  Speaker 3: of hearts believe it's true. But you do understand that Americans,
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  Speaker 3: even some really rabid Trump supporters, are a little nervous,
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  Speaker 3: a little bit sid.
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  Speaker 4: I understand, the President understands, and we are monitoring the
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  Speaker 4: numbers day to day. And one of the things that
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  Speaker 4: we are very focused on, obviously is price levels. So
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  Speaker 4: you think about inflation has ticked up. Core inflation has
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  Speaker 4: been more steady when you strip out the volatile energy prices,
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  Speaker 4: which hopefully as this peace agreement comes into frame, we
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  Speaker 4: get a sense of where those prices are going. Oil
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  Speaker 4: has a nine handle now. The energy markets are predicting
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  Speaker 4: it to drop dramatically in the next few months, which
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  Speaker 4: is good news. But in the meantime we understand there's
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  Speaker 4: real world impacts. However, that has not gotten in the
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  Speaker 4: way of what President Trump is driving, which is really
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  Speaker 4: a new economic boom that really starts with small business
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  Speaker 4: because small businesses create two out of every three new jobs.
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  Speaker 4: In the last two months, we've seen job numbers of
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  Speaker 4: three hundred and thirteen thousand private sector jobs added, and
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  Speaker 4: so nothing says confidence like bringing on that employee to
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  Speaker 4: work for you, to train them, to give them benefits.
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  Speaker 4: And in fact, we now have record business starts in
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  Speaker 4: this country. Never before in the history of America have
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  Speaker 4: we had four hundred thousand, five hundred thousand starts consistently
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  Speaker 4: month after months since the start of the year. That
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  Speaker 4: takes real confidence because you're putting your money on the
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  Speaker 4: line and starting a new enterprise. So I think people
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  Speaker 4: understand this is short term and we're building for the
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  Speaker 4: long term because we've got the tax cuts, deregulations, fair
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  Speaker 4: trade that are really the tailwinds on all of this.
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  Speaker 3: Deside my Bounce and studio John gott Matidis, he loves
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  Speaker 3: you too, great guy. He talked about.
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  Speaker 4: How yeah well, and he.
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  Speaker 3: Talked about the big businesses, you know, whether it's at
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  Speaker 3: Amazon one of those places, what that means to the
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  Speaker 3: small businesses in and around them, which is huge. That's
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  Speaker 3: why AOC is such a moron when she voted against
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  Speaker 3: Amazon coming to Queen's. But when you look at what's happening,
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  Speaker 3: Kelly in a city like mine in New York, where
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  Speaker 3: the mayor wants attached just about everything and he's making
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  Speaker 3: life miserable for people who should be quite frankly, who
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  Speaker 3: should be rewarded. Who should they're inspiring people who made
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  Speaker 3: billions of dollars, whether it's Ken Griffin with John Katson
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  Speaker 3: Matids or Bill Ackman or President Trump. Instead, he's turning
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  Speaker 3: these people into criminals, into villains, and they're leaving, they're
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  Speaker 3: taking their businesses elsewhere. So it seems to me, Kelly,
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  Speaker 3: like we may have a just a couple of states,
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  Speaker 3: if you will, that we're doing big, big business because
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  Speaker 3: all these DSA, these democrats, these psycho mayors are forcing
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  Speaker 3: successful businesses to leave some of our biggest states.
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  Speaker 4: They are this is a political agenda, This is a choice.
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  Speaker 4: They want those folks to leave so that they can
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  Speaker 4: win political points with their base. It's kind of similar
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  Speaker 4: to the fraud. They want to perpetuate fraud in government
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  Speaker 4: because that's how they keep their base engaged by letting
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  Speaker 4: them rip off hardworking taxpayers. So it's a bit of
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  Speaker 4: fraud on the American people when you chase your biggest
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  Speaker 4: employers out of the state, your biggest taxpayers who are
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  Speaker 4: funding all the infrastructure. And that's true in New York,
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  Speaker 4: it's true in California, Washington State, Illinois, hundreds of thousands
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  Speaker 4: of people and hundreds of businesses pouring out of those
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  Speaker 4: states with billions and billions of tax dollars leaving. And
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  Speaker 4: those are losses that aren't those are people that aren't
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  Speaker 4: coming back. So this is what I see as I
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  Speaker 4: go across the country. I talk to small businesses in
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  Speaker 4: New York and they have a set of problems that's
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  Speaker 4: very different from the small businesses I might talk to
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  Speaker 4: down in Florida or Georgia. And you know, some of
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  Speaker 4: the problems in the South are more related to growth
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  Speaker 4: and I need to hire people. And in New York
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  Speaker 4: it's like I got the city, I got the county
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  Speaker 4: walking in telling me I didn't hang my lights right
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  Speaker 4: and I got to buy more fluorescent lighting or you know.
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  Speaker 4: So they're just getting picked on the smallest. I mean,
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  Speaker 4: the big guys will be okay. I mean, look, they're
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  Speaker 4: going to relocate the small business that is providing service
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  Speaker 4: in their local community in the Bronx or wherever they
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  Speaker 4: might be located in Staten Island and Queens. They can't
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  Speaker 4: just pick up and move. And so they're under attack
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  Speaker 4: by an activist government that doesn't believe in the American
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  Speaker 4: dream or in free enterprise.
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  Speaker 3: So the question becomes, then, Kelly, what's the fix. What
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  Speaker 3: do you tell those people in Brooklyn who, like you said,
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  Speaker 3: are being picked on and hounded and made miserable by
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  Speaker 3: this crazy DSA mayor. What do you tell those people?
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  Speaker 4: Well, I mean, this is we're doing in the Trump
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  Speaker 4: administration what we can do with cutting taxes, deregulating, making
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  Speaker 4: sure that they have a voice wherever we can, particularly
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  Speaker 4: in the working family tax cuts that benefited small businesses
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  Speaker 4: tremendously and New Yorkers with the salt expanded salt deductions,
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  Speaker 4: so trying to make some of that more palatable. But
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  Speaker 4: at the end of the day, you know what we
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  Speaker 4: can do is, you know, provide a voice. But also
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  Speaker 4: I would just say that this president understands that hard
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  Speaker 4: working Americans deserve someone in Washington that is fighting to
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  Speaker 4: protect the taxpayer dollars that they do pay, no matter
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  Speaker 4: where they live. And that's why we've taken on this
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  Speaker 4: investigation into fraud across the country. And unfortunately, some of
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  Speaker 4: the Blue states, blue cities are the worst offenders. So
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  Speaker 4: the least we can do is make sure that their
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  Speaker 4: taxpayer dollars are we have good stewardship of them and
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  Speaker 4: that as many dollars as they can stay in their
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  Speaker 4: own pockets. But if they have to send them to Washington,
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  Speaker 4: they're going to be spent wisely.
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  Speaker 3: Yeah, on the way out, Kelly. The amount of impressive
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  Speaker 3: people in Trump's administration working on fraud, Lee Zelden, he
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  Speaker 3: uncovered a ton of fraud with the EPA, I know,
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  Speaker 3: you know that. Then you've got jd Vance. You know,
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  Speaker 3: he's out there every day trying to uncover fraud. Doctor
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  Speaker 3: Oz right here in New York with Medicare and Medicaid.
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  Speaker 3: Even my friend, the former Congressman Anthony Desposito with the
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  Speaker 3: Labor Department, He's uncovered billions in fraud. I mean, that's
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  Speaker 3: a lot of money. All four of these guys, and
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  Speaker 3: there are more looking at this every day, They've all
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  Speaker 3: uncovered billions of dollars. Kelly, that's a lot of money.
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  Speaker 4: Sid said, we found twenty two billion at the SBA
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  Speaker 4: and PPP loans that were fraudulently obtained that the Biden
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  Speaker 4: administration knew about. Tried to give de facto amnesty to
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  Speaker 4: the people that they knew were fraudsters ripping off small businesses,
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  Speaker 4: and so we're prosecuted. We're going through Treasury for collections
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  Speaker 4: and the DOJ.
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  Speaker 3: Is that still right? And I know Jim Jordan and
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  Speaker 3: Congress was on top of that.
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  Speaker 4: He's still Oh, everyone's looking at it. This is it's
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  Speaker 4: in Congress. I'm part of the JD's Vice president of
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  Speaker 4: vance's as force, and we are going to go root
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  Speaker 4: and branch and make sure that it doesn't happen again.
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  Speaker 4: This is the key. We have to have deterrence, and
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  Speaker 4: we have to have accountability, and we have to try
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  Speaker 4: to get as much money as of that back. But
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  Speaker 4: in the first place, we should never let it go
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  Speaker 4: out the door. And that's what I think Congress is
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  Speaker 4: going to work on. That's what each of us at
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  Speaker 4: our agencies are working on.
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  Speaker 3: Now, Kelly, you're great. I can't say it up nice
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  Speaker 3: things about you. I loved you when you were in studio.
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  Speaker 3: Thank you now you really are. You're great, And I
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  Speaker 3: know President Trump loves you, and I love you. America
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  Speaker 3: loves you. Keep up the good work. When you're back
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  Speaker 3: in New York City, Please come back into the studio. Okay,
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  Speaker 3: we'll do go nixt go nick a ride. How about that,
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  Speaker 3: Kelly Lepler the Small Business Administration the next win. Kelly,
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  Speaker 3: just see you know, talk about small business every bar,
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  Speaker 3: every restaurant to all the hotels. You know you get
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  Speaker 3: to the NBA by that's a lot of good money
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  Speaker 3: for small businesses in New York.
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  Speaker 4: Guess you're exactly right. I was up at the Yankees
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  Speaker 4: last year, you know, when we're trying to make a
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  Speaker 4: run for it was over at Stands. You know, that's
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  Speaker 4: a great small business. So we got to make sure
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  Speaker 4: that we support our small businesses.
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  Speaker 3: That's a great reference stand that's a terrific place. Kelly,
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  Speaker 3: You're great. We love you, Thank you so much.
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  Speaker 2: Thank you.
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  Speaker 3: Take care all right. Kelly LeFlo right there in charge
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  Speaker 3: of our Small Business Administration for President and Trump and
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  Speaker 3: one of my favorite people in Trump's cabinet. Thanks for
• 11:31
  Speaker 3: listening to Sit in Friends in the Morning. You can
• 11:34
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• 11:37
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  Speaker 3: so you never have to wonder what the heck is
• 12:00
  Speaker 3: going on here