Latest / The 47 Morning Update with Ben Ferguson / Trump Accounts Launched to Help America's Kids Save & Invest Millions plus Media Lie about Minneapolis Violence

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Trump Accounts Launched to Help America's Kids Save & Invest Millions plus Media Lie about Minneapolis Violence · The 47 Morning Update with Ben Ferguson

0:01
Speaker 1: Welcome in his verdict with Center, Ted Cruz Ben Ferguson
0:04
Speaker 1: with you as well, and it's so nice to have
0:05
Speaker 1: you with us. If you're listening on the radio around
0:07
Speaker 1: the country, Centator, We've got a lot to talk about
0:10
Speaker 1: on today's show. And you had a really fun week
0:14
Speaker 1: and something that you'd been working on for a long
0:16
Speaker 1: time has become a reality. It's going to fundamentally change
0:19
Speaker 1: the future for so many young people in this country
0:21
Speaker 1: as well.
0:22
Speaker 2: Well, that's right.
0:23
Speaker 3: So this week I joined President Trump for a big
0:26
Speaker 3: event at the Treasury Department rolling out the Trump Accounts.
0:29
Speaker 3: And as you know, the Trump accounts are a major
0:34
Speaker 3: provision that we passed last year as part of the
0:37
Speaker 3: Working Families tax cut. I authored the Trump Accounts. I
0:40
Speaker 3: wrote the legislation for what became the Trump Accounts, and
0:44
Speaker 3: it is the Trump Accounts and the school choice provision
0:48
Speaker 3: are I believe the two most significant provisions in the
0:51
Speaker 3: entire bill. There are lots of other things that matter
0:54
Speaker 3: in the bill. Obviously, the tax cuts are hugely important.
0:56
Speaker 3: Securing the border, rebuilding the military, all of that is
1:00
Speaker 3: enormously important. But I think the two provisions that will
1:04
Speaker 3: still be making a massive difference in this country ten
1:07
Speaker 3: twenty thirty years from now are the Trump accounts and
1:10
Speaker 3: school choice. On school choice, we're going to see tens
1:14
Speaker 3: of billions of dollars of scholarships for kids all over
1:17
Speaker 3: this country to be able to go to the school
1:19
Speaker 3: of their choice, for kids trapped in failing schools to
1:22
Speaker 3: be able to get out of those schools and get
1:24
Speaker 3: an excellent education that is transformative. And for the Trump accounts.
1:29
Speaker 3: Starting on July fourth of this year, every kid in
1:33
Speaker 3: America is going to have a private investment account open
1:36
Speaker 3: for them. Newborn kids are going to have it seeded
1:40
Speaker 3: with one thousand dollars, and then parents and family and
1:43
Speaker 3: employers can contribute five thousand dollars a year in a
1:46
Speaker 3: tax advantage account and all of that money will be
1:49
Speaker 3: invested in the stock market. In the s and P
1:51
Speaker 3: five hundred and so, President Trump did a big event
1:54
Speaker 3: celebrating these accounts. It was really powerful, and there's just
1:58
Speaker 3: enormous enthusiasm. As for the impact these Trump accounts are
2:02
Speaker 3: going to have.
2:03
Speaker 1: Yeah, it really is. The President also loves giving you
2:06
Speaker 1: a hard time. It's really fun to watch you, guys
2:09
Speaker 1: spend a lot of time together and you've actually, especially
2:12
Speaker 1: this last year, you guys have done a lot of
2:15
Speaker 1: things together with legislation. You've been and there's weeks where
2:20
Speaker 1: I laughed that you would be at the White House
2:21
Speaker 1: three or four days in a row with a different
2:24
Speaker 1: piece of legislation each day that you were a part of.
2:27
Speaker 4: This was a core part of that. You guys worked hard.
2:30
Speaker 1: And he made sure he mentioned you, and I want
2:33
Speaker 1: people to take a look at this. It was really
2:35
Speaker 1: fun to watch the President talk about you as he
2:38
Speaker 1: was having this signing.
2:39
Speaker 2: Day, and the Senator was a friend of mine.
2:41
Speaker 5: You wouldn't believe that because we went through a rough
2:43
Speaker 5: campaign together.
2:44
Speaker 4: It was nasty.
2:46
Speaker 5: We got along so well and everybody. We actually did
2:48
Speaker 5: joint rallies. Can you believe it. He wanted to get
2:52
Speaker 5: somebody action, so he's smart. He said, would you do
2:54
Speaker 5: a rally with me? But we did joint rallies and
2:57
Speaker 5: the press used to say, will you ever, you know,
3:00
Speaker 5: start fighting. I said, don't worry, it'll come. He said
3:03
Speaker 5: the same thing. Don't worry, it'll come. He's a very
3:06
Speaker 5: tough guy, very brilliant guy. In fact, when I said,
3:09
Speaker 5: you know, because I had never gone into a debate before, officially.
3:12
Speaker 5: My whole life was a debate. But I'd never debated
3:14
Speaker 5: before officially. And I said, let me find out about
3:19
Speaker 5: my competition. Who are these people because many of them,
3:22
Speaker 5: you know, they were senators and mostly senators and governors.
3:25
Speaker 5: And I said, well, what don't we start with this
3:28
Speaker 5: guy named Ted Cruz? Let me, you know, give me well,
3:31
Speaker 5: he was the best student at Harvard, number one in
3:34
Speaker 5: his class. He was the best student at Princeton or something,
3:38
Speaker 5: and he was the national debate champion for three years.
3:42
Speaker 5: And I said, well, I don't like that.
3:43
Speaker 6: I didn't know that.
3:45
Speaker 2: I don't like that.
3:46
Speaker 5: And he was very good debate. I will tell you
3:48
Speaker 5: that it's a smart guy. But I'll never forget because
3:52
Speaker 5: he was the first one I looked at. You know,
3:53
Speaker 5: I've just joined the ranks of politics. And the first
3:59
Speaker 5: famous that it was the Rosie o'donald. Remember that only
4:02
Speaker 5: Rosie o'donald. We taken Ireland, you can keep her. Ireland
4:09
Speaker 5: is not a strumous The head of Ireland said, are
4:12
Speaker 5: all your people this way?
4:13
Speaker 4: We don't want that.
4:15
Speaker 5: But Ted Cruz has one thing that if I ever
4:19
Speaker 5: had problems, because it's hard to get people to.
4:21
Speaker 2: Prove he's a brilliant legal mind.
4:24
Speaker 5: He's a brilliant man.
4:26
Speaker 2: If I nominate him.
4:27
Speaker 5: For the United States Supreme Court, I will get one
4:31
Speaker 5: hundred percent of the vote. The Democrats will vote for
4:33
Speaker 5: him because they want to get him the hell out,
4:35
Speaker 5: and the Republicans will vote for him because they want
4:38
Speaker 5: to get him the hell out too.
4:40
Speaker 2: Where's Ted?
4:41
Speaker 6: Where are you Ted?
4:46
Speaker 2: And with all of that, Big said, he's a great
4:48
Speaker 2: guy too. He's a great guy.
4:49
Speaker 5: We've become friends and he's a very effective person too.
4:53
Speaker 4: Thank you Ted very much, Senator.
4:55
Speaker 1: That joke, by the way, is going to have like
4:57
Speaker 1: a really big life shelf.
5:00
Speaker 4: But there.
5:00
Speaker 1: It's been going on since what like twenty sixteen, seventeen eighteen, and.
5:04
Speaker 4: He loves using it.
5:05
Speaker 1: I laugh every time he does it because I just
5:08
Speaker 1: know it's coming and I know where he's going.
5:10
Speaker 4: But it gets bigger and bigger every time.
5:12
Speaker 3: Yeah, No, he's been he's been using that joke a
5:15
Speaker 3: long time where he's used it at rallies, he's used
5:17
Speaker 3: it in the Oval. Look, President Trump is a force
5:21
Speaker 3: of nature. And and also when when he's at the microphone,
5:24
Speaker 3: you never know what he's going to say. I'm not
5:26
Speaker 3: sure I mean, it's kind of it's it's extemporaneous, and
5:29
Speaker 3: and and he can like the Rose O'Donnell line that
5:32
Speaker 3: you know, Ireland can keep her that that you know,
5:35
Speaker 3: that's just kind of him riffing. And and but I
5:39
Speaker 3: got to say he also the courage he's shown has
5:44
Speaker 3: been extraordinary. And look the Supreme Court thing he's brought
5:47
Speaker 3: up a lot of times, and you know that I've
5:50
Speaker 3: told him that my answer is not just no to that,
5:53
Speaker 3: but hell no, that I don't want to be a judge.
5:56
Speaker 3: I want to be in the political fight. And the
5:58
Speaker 3: right place to be in the political fight is exactly
6:00
Speaker 3: where I am now.
6:02
Speaker 1: But you know what, you know, it's funny that today
6:04
Speaker 1: I was at the Supreme Court. And I didn't tell
6:06
Speaker 1: you this, but I was watching the case, the West
6:08
Speaker 1: Virginia case. My old roommates, the ag from West Virginia.
6:11
Speaker 1: They were finding that case. And as I was sitting
6:13
Speaker 1: there because I don't normally go to the oral arguments,
6:15
Speaker 1: but like, I had an interest in being there for that.
6:17
Speaker 4: It was a big case and I was.
6:19
Speaker 1: Looking up there and I was just imagining you being
6:21
Speaker 1: on the court, and in my mind, I was like,
6:24
Speaker 1: it would be really cool if you got it. And
6:25
Speaker 1: I think you'd be bored out of your mind if
6:27
Speaker 1: you were there, Like.
6:27
Speaker 4: I could just see you. I was watching.
6:29
Speaker 1: I think it was Roberts who just kept doing this
6:32
Speaker 1: back and forth rocking, and I'm like, I wonder what
6:34
Speaker 1: your tick would be as that would be going on.
6:36
Speaker 4: But I laughed because I'm like, I don't see you
6:38
Speaker 4: there at all. Well.
6:39
Speaker 3: Look, and a lot of people are surprised when they
6:42
Speaker 3: hear that I don't want to be a judge because
6:45
Speaker 3: a lot of my life, my whole career before being
6:47
Speaker 3: in the Senate, was a Supreme Court litigator, and so
6:50
Speaker 3: that's what I did for a living. Is represented Texas
6:52
Speaker 3: and represented private clients arguing before the US Supreme Court,
6:56
Speaker 3: and it's an institution I revere. I cared deeply about
7:00
Speaker 3: having principled constitutionalist on the court. The reason and people
7:05
Speaker 3: are sometimes really surprised, like why would you not want that?
7:08
Speaker 3: And the reason is a principled federal judge stays out
7:12
Speaker 3: of politics, stays out of policy. So, for example, we
7:14
Speaker 3: talked about the two huge victories UH that I authored
7:18
Speaker 3: that are in UH in the Working Families tax cut,
7:22
Speaker 3: school choice and the Trump accounts. If I were a judge,
7:25
Speaker 3: I couldn't do either one of them. And and I
7:28
Speaker 3: want to be fighting for victories like that. I want
7:30
Speaker 3: to be fighting to secure the border. I want to
7:31
Speaker 3: be fighting to enhance our national defense. I want to
7:33
Speaker 3: be fighting to cut taxes and and and and repeal
7:37
Speaker 3: job killing regulations. And if you want to do that,
7:40
Speaker 3: the place to do it is in the elected branches
7:43
Speaker 3: of government and and so men, and and that's exactly where.
7:47
Speaker 4: You need to be.
7:47
Speaker 1: And I think most people listen to this show agree
7:49
Speaker 1: with that, especially on the issues you're talking about right now.
7:52
Speaker 2: And I like being in the battle.
7:54
Speaker 3: I mean, I like you know, I mean it is
7:56
Speaker 3: every day that the Senate is like the Roman colisseum,
7:59
Speaker 3: where where you're battling the barbarians, and it's a heck
8:03
Speaker 3: of a lot of fun.
8:04
Speaker 1: All right, center, I want to get back to these
8:06
Speaker 1: Trump accounts, and let's talk about the nitty gritty of
8:09
Speaker 1: this when you look at the dollars and the growing
8:14
Speaker 1: of wealth, and how this could fundamentally change a country
8:18
Speaker 1: where every child that is in poverty could get out
8:21
Speaker 1: of poverty just by having these accounts, and and talk
8:25
Speaker 1: about where they could start a small business or be
8:26
Speaker 1: able to pay for college or different things like that.
8:29
Speaker 1: It is truly empowering for an entire generation what we
8:33
Speaker 1: are now starting with these Trumps accounts. I actually think
8:36
Speaker 1: it's going to be one of the biggest parts of
8:37
Speaker 1: your legacy ever.
8:38
Speaker 3: Yeah, look, I think the Trump accounts will be truly transformation.
8:42
Speaker 3: And I will say it's interesting. I think President Trump initially,
8:45
Speaker 3: when when we laid out the idea to him, he
8:47
Speaker 3: liked it. But I think as he's as he's seen
8:50
Speaker 3: more and more what these are going to do, I
8:52
Speaker 3: think he's really appreciating that these are going to be
8:54
Speaker 3: a huge part of his legacy. When when all of
8:58
Speaker 3: us are dead and buried, people are still going The
9:00
Speaker 3: impact of the Trump accounts is going to echo forward.
9:04
Speaker 3: And the two massive benefits are Number one, every kid
9:08
Speaker 3: in America is going to get the benefit of compound growth.
9:11
Speaker 3: You know, half of the people in America don't own
9:14
Speaker 3: a single stock and don't own a single bond. And
9:16
Speaker 3: the impact, well here give a listen to Fox News
9:19
Speaker 3: talking about just how much wealth kids can accumulate through
9:25
Speaker 3: these Trump accounts.
9:26
Speaker 4: You kind of touch on this.
9:28
Speaker 7: By age eighteen, right, you could have three hundred and
9:33
Speaker 7: three thousand.
9:34
Speaker 4: Dollars by age twenty eight.
9:36
Speaker 7: It's more than a million if you do the maximum contributions.
9:40
Speaker 7: If you give no contributions, you're still shy of six
9:43
Speaker 7: thousand dollars or its ain't nothing, and then eighteen thousand
9:46
Speaker 7: dollars by age twenty eight. You know, President Bush forty
9:49
Speaker 7: three pushed this idea about twenty five years.
9:53
Speaker 1: I mean, you look at just the political willpower of
9:55
Speaker 1: getting something like this done. It shouldn't take this much,
9:59
Speaker 1: but this was a major fight center that you have
10:01
Speaker 1: to go to Warwi to get it to happen.
10:04
Speaker 4: And I don't understand why.
10:06
Speaker 3: Look, in the tax cut, you were competing with everything else.
10:10
Speaker 3: Everyone else had a priority, and so it was dividing
10:14
Speaker 3: the pie. And it was also look, this was something new,
10:17
Speaker 3: it was major. Getting it through the Senate Parliamentarian was
10:20
Speaker 3: a real challenge, and we fought hard and got it through.
10:23
Speaker 3: And you know, you look at that math. You know,
10:27
Speaker 3: you're not talking about just the kids of rich people.
10:30
Speaker 3: You're talking about the kids of a single mom who's
10:33
Speaker 3: waiting tables and the math of that. So a little
10:37
Speaker 3: girl born this year, she gets the thousand dollars automatically
10:41
Speaker 3: put in the account, and that can accumulate and grow.
10:45
Speaker 3: But where the real math is is if their contributions
10:48
Speaker 3: of five thousand a year, now those can come from
10:50
Speaker 3: a parent, those can come from a family member, or
10:53
Speaker 3: those can come from an employer. And there are two
10:57
Speaker 3: big accelerants that we wrote into the ill. Number one
11:01
Speaker 3: is the employer piece of it that the employers think about.
11:05
Speaker 3: To give you a sense of the scope and magnitude,
11:09
Speaker 3: think back to when Congress passed section four oh one
11:12
Speaker 3: K of ARISA. That was decades ago, and I suspect
11:16
Speaker 3: nobody in Congress knew just how fundamentally they were going
11:20
Speaker 3: to change how Americans save for retirement. There are right
11:24
Speaker 3: now more than twelve trillion dollars in four oh one
11:29
Speaker 3: K accounts. It's massive, and there will be in just
11:34
Speaker 3: a couple of years trillions of dollars in Trump accounts
11:37
Speaker 3: as well.
11:38
Speaker 2: The volume of it is massive.
11:39
Speaker 3: And one of the things that's a real accelerant is,
11:42
Speaker 3: you know, most big employers match four A one K contributions.
11:47
Speaker 3: If you're an employee, they'll sometimes employers will contribute directly
11:50
Speaker 3: to four oh one k's. Other times they'll match. If
11:53
Speaker 3: you make a contribution. I think we are going to
11:56
Speaker 3: see the same thing with Trump accounts, that this is
11:57
Speaker 3: going to become a standard, you biquitous employee benefit that
12:02
Speaker 3: employers will say, we're going to match your contributions or
12:07
Speaker 3: contribute directly to the Trump accounts that your kids have.
12:11
Speaker 3: A bunch of big employers have already announced they're doing that. Actually,
12:14
Speaker 3: Visa had a very clever thing they announced. They said,
12:17
Speaker 3: you can use your reward points, you can convert them
12:20
Speaker 3: into money and deposit them in your kid's Trump accounts.
12:23
Speaker 3: That's an accelerant to help more dollars get in. And
12:28
Speaker 3: one of the things about compound growth that you know
12:31
Speaker 3: is the earlier you invest, the bigger it grows. And
12:35
Speaker 3: that's one of the things that's really powerful is starting.
12:39
Speaker 3: You know, if someone starts saving at age forty or
12:41
Speaker 3: fifty or sixty, so far behind, Yeah, they don't have
12:45
Speaker 3: a long enough time horizon for it to really grow
12:48
Speaker 3: into big, big numbers. If you start at age zero,
12:52
Speaker 3: that gives a long time for that growth to compound.
12:56
Speaker 2: That's really powerful. The second accelerate.
12:59
Speaker 1: Back the number that you and that fox had there.
13:02
Speaker 1: If you do the maximum contribution, you have a child
13:04
Speaker 1: five grand a year, all right, like five grand a year.
13:08
Speaker 1: You think about that over I mean over twelve years
13:11
Speaker 1: at sixty thousand dollars.
13:12
Speaker 4: That you put in.
13:13
Speaker 1: But if you keep going, and I'm putting that perspective
13:16
Speaker 1: to realize, like, this is not a crazy amount of money.
13:18
Speaker 1: If you're disciplined, you're talking about a million, ninety one,
13:22
Speaker 1: nine hundred dollars by age twenty eight.
13:24
Speaker 4: That is unbelievable.
13:26
Speaker 3: Yeah, And look, look, five thousand a year is about
13:29
Speaker 3: one hundred bucks a week, and so that can come
13:31
Speaker 3: from a parent, come from another family member. But the
13:34
Speaker 3: other accelerant that's really powerful is we wrote this so
13:38
Speaker 3: that it could accept charitable gifts. So, as you know,
13:41
Speaker 3: Michael and Susan Dell are giving six and a quarter
13:45
Speaker 3: billion dollars, they're giving two hundred and fifty dollars to
13:48
Speaker 3: every child under ten who lives in a zip code
13:52
Speaker 3: where the median income is one hundred and fifty thousand
13:54
Speaker 3: and less or less. That is a massive contribution. Brad Gershner,
13:59
Speaker 3: who came up with the idea for the Trump accounts
14:01
Speaker 3: and who was my partner in getting this done and
14:03
Speaker 3: we worked hand in hand. Brad has announced he's doing
14:06
Speaker 3: the same thing for the state of Indiana two hundred
14:10
Speaker 3: and fifty bucks for every kid under five, but it's
14:12
Speaker 3: gonna be about two hundred and fifty million dollars that
14:14
Speaker 3: he's giving, and same thing targeted for kids in zip
14:19
Speaker 3: codes with the media income as one hundred and fifty
14:21
Speaker 3: thousand or less. I think you're going to see lots
14:23
Speaker 3: of people doing charitable contributions. That is really, really powerful,
14:28
Speaker 3: and it's something President Trump is encouraging. It's something I'm
14:32
Speaker 3: encouraging every employer to do this. I'm encouraging philanthropists. And
14:36
Speaker 3: by the way, Michael Dell has said he's not done
14:38
Speaker 3: at six and a quarter billion. He's talked about giving
14:40
Speaker 3: a lot more money than that. One of the cool
14:43
Speaker 3: things about this is it's infinitely scalable. So Michael Dell
14:47
Speaker 3: has more than one hundred million dollars. If you're thinking
14:51
Speaker 3: about where to give your money away in philanthropy, there
14:54
Speaker 3: are not a lot of charities that can take amounts
14:55
Speaker 3: that big. This is infinitely scalable, and so it it
15:00
Speaker 3: has a potential really to accelerate the wealth creation for
15:05
Speaker 3: kids center.
15:07
Speaker 1: You know, it's amazing to see that these incredibly wealthy
15:10
Speaker 1: individuals doing this amazing work with philanthropy giving money to
15:16
Speaker 1: these accounts for kids. It's going to change lives. They're
15:19
Speaker 1: going to be amazing stories that come out of this.
15:21
Speaker 1: But it's not just the super uber multi billionaires that
15:26
Speaker 1: are getting involved and inspiring. Nicki Minaj is a great
15:30
Speaker 1: example of that.
15:31
Speaker 4: She was there.
15:31
Speaker 1: She loves the present and not only is she a
15:34
Speaker 1: powerful voice by giving, but really by letting younger people
15:37
Speaker 1: pay attention to the advocacy for Hey, it's never too
15:41
Speaker 1: early to start investing.
15:43
Speaker 3: Yeah, and look on the philanthropy side, you know, if
15:46
Speaker 3: you don't have billions of dollars like Michael Dell does
15:48
Speaker 3: to give away, you know, Nicki Minaj was there. She
15:51
Speaker 3: was at the event with the President. She's announced she's
15:53
Speaker 3: going to give between one hundred and fifty thousand and
15:55
Speaker 3: three hundred thousand dollars to the Trump accounts of her
15:59
Speaker 3: fans to their their kids. And you know, she's obviously
16:02
Speaker 3: a big rap star. Is funny Trump Trump asked her
16:05
Speaker 3: come on up on the stage, come join me, and
16:07
Speaker 3: and and and she spoke to everyone and and and
16:09
Speaker 3: then then it was funny. He he actually kind of
16:11
Speaker 3: dissed Scott bess In the Treasury secretary, uh.
16:14
Speaker 2: Who's a great guy and doing a phenomenal job.
16:16
Speaker 3: But but but Trump says, you know, Nicki minaj is
16:18
Speaker 3: better to listen to than Scott Besson, which which got
16:20
Speaker 3: got a pretty big laugh. And I told I told
16:23
Speaker 3: Scott backstage. I said, Okay, tell me, Scott, did you
16:26
Speaker 3: have on your bucket list being compared to Nicki Minaje
16:30
Speaker 3: and by the way, disfavorably compared to Nicki minaj And
16:33
Speaker 3: he just laughed and said, no, I did not predict
16:36
Speaker 3: that one, and and and so. But but it shows
16:40
Speaker 3: the breadth of appeal. And by the way, the philanthropy
16:44
Speaker 3: can really get turbo charged if lots of people are
16:47
Speaker 3: giving smaller amounts whatever is in their means and in
16:50
Speaker 3: their communities.
16:52
Speaker 5: Uh.
16:52
Speaker 3: You know Ray Dalio, who who runs a big hedge fund, uh,
16:55
Speaker 3: decided to give to the kids of the state of Connecticut.
16:58
Speaker 3: And and people can do it and smaller they can give it,
17:01
Speaker 3: give it to their city or their neighborhood. But it's
17:04
Speaker 3: able to be targeted. That philanthropy is really going to
17:06
Speaker 3: accelerate it. But I'll tell you what makes me the
17:09
Speaker 3: most excited about this it is the long term change
17:14
Speaker 3: it's going to have for our country because we are
17:16
Speaker 3: literally creating an entire new generation of capitalists.
17:20
Speaker 2: This is what got me excited about this idea.
17:24
Speaker 3: You know, there had been ideas like Corey Booker, a Democrat,
17:29
Speaker 3: had proposed previously baby bonds, basically putting money in a
17:34
Speaker 3: savings account for kids, and and look, that has some value,
17:38
Speaker 3: but it's not nearly as exciting as this because what
17:41
Speaker 3: really makes this potent is that this money is invested
17:43
Speaker 3: in the stock market and the impact of that is
17:48
Speaker 3: that every kid in America is going to be an
17:52
Speaker 3: owner of the largest employers in America. And when you're
17:55
Speaker 3: an owner, it changes your whole perspective. Look, we've all
17:59
Speaker 3: seen the lousy statistics about young people who say they're
18:04
Speaker 3: they're they're losing faith in capitalism, they don't believe in capitalism,
18:07
Speaker 3: they think socialism might be a better idea. Yeah, you know,
18:11
Speaker 3: the effect of this and in you know, ten years,
18:15
Speaker 3: a kid's gonna pull out his cell phone and look
18:17
Speaker 3: at his Trump account. You're gonna have an app and
18:19
Speaker 3: it's gonna break down not just what's in your Trump account,
18:22
Speaker 3: but all of the five hundred companies that are part
18:24
Speaker 3: of the S and P. Five hundred, and that kid's
18:27
Speaker 3: gonna see, gosh, I own one hundred bucks of Apple
18:29
Speaker 3: or seventy five bucks of Boeing or McDonald's, and that
18:34
Speaker 3: kid now has a stake in in the economy, in
18:38
Speaker 3: those companies, in their employers, in seeing economic growth. So
18:42
Speaker 3: instead of being you know, an angry teenager going all
18:45
Speaker 3: corporations are evil, which which unfortunately some of these knuckleheads
18:50
Speaker 3: hear that propaganda from the college professors, they're gonna be like, no, no, no,
18:53
Speaker 3: I want these companies to do better because when they
18:56
Speaker 3: do better, I do better. And that that is fundamentally
19:02
Speaker 3: on ownership society. And I'll tell you, Ben, this is
19:06
Speaker 3: actually the culmination of what I set out to do
19:10
Speaker 3: when I got elected to the said dream.
19:12
Speaker 4: I mean, this was your dream that's now reality.
19:15
Speaker 3: So when I was first elected, the very first op
19:18
Speaker 3: ed I ever wrote in the Senate in January of
19:20
Speaker 3: twenty twenty three, not twenty twenty, in January of twenty thirteen,
19:25
Speaker 3: was called the Rise of Opportunity Conservatism. And what it
19:29
Speaker 3: said is is that every policy, every economic policy we
19:34
Speaker 3: look at, should focus on easing the means of a
19:37
Speaker 3: cent up. The economic latter focus on opportunity. And the
19:42
Speaker 3: basic philosophical difference between the left and right on economic
19:45
Speaker 3: policy is they both look at the socioeconomic ladder. The
19:49
Speaker 3: left seize people on the bottom and they want to
19:51
Speaker 3: physically grab them and move them off. And look, that's
19:54
Speaker 3: a noble instinct. It just doesn't work. It's a train rink.
20:00
Speaker 3: And look, think about it in simple terms. Let's say
20:04
Speaker 3: you have a five year old daughter who is struggling
20:07
Speaker 3: with her math homework. None of us, as a parent
20:10
Speaker 3: would do the homework for that kid. That's not helping
20:12
Speaker 3: your child to do her homework for her. What you
20:15
Speaker 3: want to do is teach her and help her master
20:18
Speaker 3: the skills. And the only way as anyone has ever
20:20
Speaker 3: climbed the economic ladder, and this is what conservatives and
20:23
Speaker 3: free market conservatives get is to pull yourself up one
20:27
Speaker 3: wrong after the other. But they're economic policies that can
20:31
Speaker 3: accelerate that assent. And actually, the two policies that I
20:35
Speaker 3: talked about the most in that very first op ed
20:37
Speaker 3: as a senator I wrote were number one school choice
20:41
Speaker 3: and number two so security, personal counts, the ability to
20:44
Speaker 3: accumulate assets in the stock market. And what is amazing
20:49
Speaker 3: is we accomplished both of those last year, and it
20:52
Speaker 3: is transformations. And so I think economic policy should focus
20:56
Speaker 3: on ownership and savings and investment, and and that's exactly
21:01
Speaker 3: what we've done. That impact in terms of just changing
21:05
Speaker 3: the philosophy of kids. By the way, financial literacy is
21:08
Speaker 3: another issue. Look, a lot of kids don't know basic
21:12
Speaker 3: financial literacy, a lot of schools don't teach it. You'll
21:15
Speaker 3: now have a vehicle where you won't be discussing it
21:18
Speaker 3: in the abstract, where a teacher in third grade will
21:21
Speaker 3: be able to tell the kids, you know, okay, look
21:23
Speaker 3: at your Trump account, look at the growth, and how
21:26
Speaker 3: much do the numbers change if you invest early. And
21:31
Speaker 3: I think you're going to see kids saying, you know,
21:35
Speaker 3: Aunt Susie, instead of getting me, you know, this toy
21:39
Speaker 3: for Christmas. You know, maybe you could give me fifty
21:42
Speaker 3: bucks or a hundred bucks in my Trump account. And
21:44
Speaker 3: not every kid'll say that, but some when they see
21:47
Speaker 3: the math and the power of wow, if we invest,
21:50
Speaker 3: this can grow and expand. Getting children to think like
21:54
Speaker 3: investors and to think like owners changes their whole world view.
21:58
Speaker 1: I started my kids young on that and I told
22:01
Speaker 1: them that I made the same deal with them that
22:03
Speaker 1: my dad made with me. Whatever your first car you
22:05
Speaker 1: want to be, I will match what you save. If
22:08
Speaker 1: you save one thousand bucks, you're gonna get a hooptie
22:10
Speaker 1: for two thousand.
22:11
Speaker 4: Like that's just it's on you, and I'm going to
22:14
Speaker 4: do it.
22:14
Speaker 1: But my kids now, even at a young age of
22:16
Speaker 1: six and nine, they're now making different decisions.
22:19
Speaker 4: Like my son has invested some.
22:20
Speaker 1: Of his money in Ford and Lockheed Martin, and every
22:23
Speaker 1: day he asked me, how did my stock do today?
22:26
Speaker 4: Are we up or down?
22:27
Speaker 1: And so he's learning from that because now he understands
22:31
Speaker 1: where he'll go to the store and he won't buy something. Hey, dad,
22:33
Speaker 1: can you buy more stock for me? Can you put
22:36
Speaker 1: more money in this? And we look at companies and
22:39
Speaker 1: we decide what he wants to invest in. He invested
22:42
Speaker 1: in a golf company, for example, that's on the SMP
22:44
Speaker 1: because he understands golf being a golf and he's like,
22:47
Speaker 1: how's my stock doing today? Even my six year olds
22:49
Speaker 1: now they this is their birthday's coming up on the thirteenth,
22:53
Speaker 1: and you can either at school get a birthday's shirt
22:55
Speaker 1: and something else, and they both ask or can we
22:58
Speaker 1: have the money years old? That's the connection. And I'm
23:01
Speaker 1: grinning from here to hear because like you're saying, I
23:04
Speaker 1: don't care about the birthday T shirt at school that day.
23:07
Speaker 1: Can I have the thirty dollars to then invest? This
23:11
Speaker 1: is exactly what the Trump accounts are going to do
23:13
Speaker 1: to so many young kids.
23:14
Speaker 4: It makes an idea a reality.
23:16
Speaker 3: Look, there are life habits. If you look at kids
23:19
Speaker 3: that learn delayed gratification. You know, there's a famous social
23:23
Speaker 3: science experiment where kids had a plate with a marshmallow
23:28
Speaker 3: on it and they were told, if you don't eat
23:30
Speaker 3: the marshmallow, now you'll get two marshmallows. And the difference
23:34
Speaker 3: between the kids who could actually refrain. Some kids would
23:36
Speaker 3: just grab the one marshmallow and stick with it, but
23:38
Speaker 3: others could delay their gratification, and it is a much
23:41
Speaker 3: more successful long term strategy a kid learning. You know,
23:45
Speaker 3: there's a related principle which is a portion of what
23:48
Speaker 3: you make is yours to keep. And look, a lot
23:52
Speaker 3: of people are stretched, but getting into the discipline of
23:55
Speaker 3: no matter what you're making, saving a portion of it,
23:58
Speaker 3: investing a portion of it. It is how you accumulate
24:01
Speaker 3: real wealth and teaching kids that from an early age
24:05
Speaker 3: makes a big difference. Now, this is the public service
24:08
Speaker 3: announcement component of the podcast. Everyone who is listening or watching,
24:12
Speaker 3: if you have kids, there's a website you need to
24:15
Speaker 3: go to. It's Trump Accounts dot gov. Trump Accounts dot gov.
24:18
Speaker 3: Go to the website and sign your kids up. I mean,
24:20
Speaker 3: I mean we're expecting uh, you know. I this is
24:24
Speaker 3: designed for every kid in America. And and so if
24:28
Speaker 3: you got if you got kids, go to Trump Accounts
24:30
Speaker 3: dot gov and sign them up. Uh, so so that
24:33
Speaker 3: their accounts can be opened as well.
24:35
Speaker 1: Yeah, it's awesome Trump Accounts dot gov and will remind
24:38
Speaker 1: people of that, I'm sure throughout this show in the
24:41
Speaker 1: in the future as well. But again, Trump Accounts dot gov. Uh,
24:45
Speaker 1: and get in the game early. You'll regret it if
24:46
Speaker 1: you don't. That's the bottom line here. It's really incredible.
24:49
Speaker 1: It's exciting. Congratulations.
24:51
Speaker 5: Uh.
24:51
Speaker 1: It's fun to see something like this that also is
24:54
Speaker 1: Byparson just become a reality and there and that was
24:58
Speaker 1: I think one of the fun things about watching this
25:00
Speaker 1: take place. It was just enjoyable to watch the president
25:03
Speaker 1: have a success that is going to help so many
25:06
Speaker 1: kids in this country. Yeah, and I would even argue
25:09
Speaker 1: it's going to help disproportionately poor kids more than kids
25:13
Speaker 1: that are wealthier.
25:14
Speaker 4: I'm okay with that. Get them in the game.
25:16
Speaker 2: That's the whole point. That's what makes it transformational.
25:20
Speaker 1: Right now, somewhere in the world, a kid you've never
25:23
Speaker 1: met is writing you a letter. They're telling you about
25:26
Speaker 1: their day, their dreams, the goal they scored, the tests
25:31
Speaker 1: they passed, the new friend they made at school. Maybe
25:34
Speaker 1: they're drawing you even a picture. Maybe they've asked you
25:37
Speaker 1: about your family, your favorite color, what makes you laugh.
25:41
Speaker 1: They're wondering who you are, this person who cares enough
25:44
Speaker 1: to be part of their story, and you, you're not
25:47
Speaker 1: just sending money. You're writing back. You're showing up month
25:51
Speaker 1: after month, letter after letter. You're celebrating their victories, encouraging
25:57
Speaker 1: them through challenges, and reminding them that they truly matter. Now,
26:01
Speaker 1: this isn't a transaction, It's an incredible relationship that spans
26:05
Speaker 1: continence and changes everything for both of you. That is
26:09
Speaker 1: where Compassion International connects you directly with one child, real letters,
26:15
Speaker 1: real relationships, and real change. Because poverty isn't solved with
26:20
Speaker 1: donations alone. It's solved by showing up impact the world,
26:25
Speaker 1: one child at a time and learn how at Compassion
26:29
Speaker 1: dot com. That's Compassion dot com. All right, Senatra, I
26:34
Speaker 1: want to get into this other story, that is the
26:37
Speaker 1: media and the bias of the media and the narrative
26:40
Speaker 1: they've been pushing in Minnesota, specifically with this ICU nurse.
26:47
Speaker 4: They turn him into a do gooder.
26:49
Speaker 1: We then get a video that comes out showing him
26:51
Speaker 1: attacking ICE agents days before the fatal confrontation with Ice,
26:57
Speaker 1: and that part seems to be just disappearing for the
27:00
Speaker 1: media's coverage.
27:02
Speaker 3: Well, yeah, look, we have seen with with the protests
27:05
Speaker 3: and the riots that are unfolding in Minneapolis, we have
27:08
Speaker 3: seen the corporate media just turn into shameless propagandists, and
27:12
Speaker 3: they have a narrative and that narrative is disconnected from
27:16
Speaker 3: facts and reality, and they're trying to mislead people.
27:19
Speaker 2: And and so we've seen that.
27:21
Speaker 3: We've seen that with the headlines everywhere saying ICE arrested
27:24
Speaker 3: a five year old boy, and and you know, people
27:26
Speaker 3: read that and like, Okay, that's crazy, why are you
27:28
Speaker 3: arresting a five year old?
27:29
Speaker 2: Well it turns out they didn't. It's false. It was
27:31
Speaker 2: a lie.
27:33
Speaker 3: What actually happened is they were there arresting his father,
27:36
Speaker 3: who was an illegal immigrant, and the father ran away
27:39
Speaker 3: and abandoned the five year old, and so the five
27:41
Speaker 3: year old is left alone in the cold on the
27:43
Speaker 3: streets of Minneapolis. Of course, Ice didn't just leave the
27:47
Speaker 3: kid there to wander outside. That they had to take
27:50
Speaker 3: care of him. And in fact, they tried to return
27:51
Speaker 3: him to his mother. His mother said no, wouldn't let
27:53
Speaker 3: him in the house. And so that that's an example. Look,
27:57
Speaker 3: another example the the man who was shot in Minneapolis.
28:03
Speaker 3: Mister pretty you're right. The media portrayed him as this
28:07
Speaker 3: this peaceful protester, this this ICU nurse, and and just
28:11
Speaker 3: you saw Democrats saying that that Ice are cold blooded murderers.
28:16
Speaker 3: And that's a flat out lie, and it's a slander,
28:19
Speaker 3: and and it is.
28:20
Speaker 4: Something you couldn't have.
28:21
Speaker 1: One of your colleagues put up a AI picture on
28:25
Speaker 1: the floor of the Senate for goodness sakes, that was
28:27
Speaker 1: not a real picture.
28:29
Speaker 3: Look, it is designed to be manipulative and dishonest. And
28:33
Speaker 3: then a couple of days after the shooting, we had
28:36
Speaker 3: a video that act the BBC put out that they
28:38
Speaker 3: had they had gotten the mister Pretty a couple of
28:41
Speaker 3: weeks earlier. And let's look at the video. For those
28:43
Speaker 3: who are watching this online, let's look at the video
28:46
Speaker 3: real quickly.
28:47
Speaker 1: Yeah, and by the way, for those listening right now
28:49
Speaker 1: on the radio, we'll put this up on social media.
28:52
Speaker 1: But this shows the man spitting in the face of
28:54
Speaker 1: ICE agents, kicking the tail outut of their car in
28:58
Speaker 1: a full on confrontation. Take listen and watch if you're
29:01
Speaker 1: watching online.
29:02
Speaker 8: This is a moment the News Movement filmed on January
29:05
Speaker 8: thirteenth in Minneapolis, showing a man who appears to be
29:08
Speaker 8: Alex Pretty interacting with federal immigration agents eleven days before
29:12
Speaker 8: border patrol shot and killed him. Our footage was analyzed
29:16
Speaker 8: by the BBC, whose facial recognition technology confirmed his identity
29:21
Speaker 8: to a ninety seven percent degree of accuracy.
29:24
Speaker 1: Now, the video goes longer than that, and you can
29:26
Speaker 1: watch it online. But I think the point that so
29:29
Speaker 1: many people to understand is they were talking about the
29:31
Speaker 1: accuracy of this video and hey, it's almost almost positive.
29:34
Speaker 1: Tim Well, the family is now confirmed that this is
29:38
Speaker 1: actually him doing this, kicking out the tailight, screaming f
29:41
Speaker 1: you at the ICE agent, spitting at the ICE agents, Like,
29:44
Speaker 1: this is a man that wanted a confrontation with law enforcement.
29:48
Speaker 1: He was there for that reason that day and in
29:50
Speaker 1: the day that unfortunately cost him his life.
29:53
Speaker 3: Well, that's right, and this was not peaceful protest. In
29:58
Speaker 3: the video, as you said, he was spitting at ICE agents,
30:02
Speaker 3: but he also is repeatedly kicking the tail and he
30:05
Speaker 3: kicks the tailblight out of an suv. I mean, it's
30:07
Speaker 3: a hard kick that he like knocks it out, and
30:09
Speaker 3: and that was clearly a violent assault. By the way,
30:13
Speaker 3: he has his gun strapped on his waistban while he
30:16
Speaker 3: is attacking law enforcement officers, and the media wanted to
30:20
Speaker 3: convey it as just you know, he's this peaceful soul. Listen,
30:23
Speaker 3: if you engage in acts of violence directed at law enforcement,
30:29
Speaker 3: there is a very real risk that the response to
30:31
Speaker 3: an act of violence will be the use of force,
30:33
Speaker 3: and in some instances can be the use of deadly force.
30:37
Speaker 3: At any time an American has killed in an interaction
30:40
Speaker 3: with law enforcement, it is tragic, But the media was
30:44
Speaker 3: being deliberately deceptive in falsely portraying him as this peaceful protester,
30:52
Speaker 3: almost like a nun holding a candle by the side
30:54
Speaker 3: of the road, and that's not he was clearly uncaptured
30:59
Speaker 3: on video. You engaged in in in violent attacks on
31:03
Speaker 3: law enforcement. And then in terms of propaganda, I got
31:06
Speaker 3: to say, MSNBC went even further. And rather than me
31:09
Speaker 3: tell you what happened, listen to Joe Rogan, because Joe
31:11
Speaker 3: Rogan comments on just how shameful, shamelessly MSNBC was was
31:18
Speaker 3: acting as a political propaganda.
31:20
Speaker 1: Yeah, it was wanting you to root for this nurse,
31:23
Speaker 1: like wanted to change who he was so that everyone
31:25
Speaker 1: would root for him. Here it is Joe Rogan and
31:27
Speaker 1: and Joe Rogan also talking about his own experience. Uh
31:30
Speaker 1: when when he was attacked by the media. Uh, and
31:34
Speaker 1: they changed the color of his skin during COVID.
31:36
Speaker 6: Did you see what the MSNBC did to his image? Yeah,
31:39
Speaker 6: they were, they were they He did into the opposite
31:41
Speaker 6: of what CNN did to me. You know, CNN during
31:44
Speaker 6: the COVID times turned me green and they made me
31:47
Speaker 6: ugly and look like I was dying, and they made
31:49
Speaker 6: him handsome. Yeah, so people would be more sympathetic to
31:52
Speaker 6: him getting shot, which is kind of wild, Like, are
31:55
Speaker 6: ugly people less valuable to MSNBC? Less marketable? That is
32:01
Speaker 6: crazy to me, Like, look at the difference. Look at
32:04
Speaker 6: the difference. They shortened up his face. They gave him
32:07
Speaker 6: a little bit of a tan, They widened his face
32:10
Speaker 6: a little bit. It seems like they just made him
32:12
Speaker 6: a little handsomer.
32:13
Speaker 2: Yeah, a little hot.
32:14
Speaker 6: They gave him, gave him a bit of that chad jaw,
32:16
Speaker 6: didn't they. They shrunk his nose a little too, didn't they.
32:19
Speaker 2: They did.
32:19
Speaker 6: They shrunk his nose, gave him a little bit of
32:21
Speaker 6: a handsome jaw. So he looks like and if you
32:25
Speaker 6: look at the shoulders, it even looks like they may
32:27
Speaker 6: have plumped up the shoulders there a bit, a little bit. Yeah.
32:30
Speaker 6: The one on the right looks like, looks like he's
32:32
Speaker 6: a little plumper. Yeah, yeah, yeah. They changed the tone
32:36
Speaker 6: of the color wild, I mean they look they changed
32:41
Speaker 6: his teeth.
32:41
Speaker 4: Man Communist News.
32:42
Speaker 6: Nope, they gave him in ears. Look look at the
32:44
Speaker 6: difference in his teeth. He's a much more handsome guy.
32:48
Speaker 6: Like that one on the right is like the handsome brother.
32:51
Speaker 4: I mean, Senay, you want to talk about just straight
32:53
Speaker 4: up propaganda. This dude.
32:55
Speaker 1: They literally made him jacked. They gave him muscles, They
32:58
Speaker 1: changed the color of his scrubs from the picture. They
33:00
Speaker 1: gave him the neers. They even made his beard look
33:03
Speaker 1: a little bit darker and more full, change his nose,
33:06
Speaker 1: Like it was like you went to AI and you said, hey,
33:09
Speaker 1: make this guy the most attractive you can, and then
33:12
Speaker 1: we're gonna put that up on the on TV so
33:15
Speaker 1: that somehow people will be rooting for him a little
33:17
Speaker 1: bit more.
33:17
Speaker 4: It's it's truly.
33:19
Speaker 1: Amazing that MSNBC did this, and they haven't actually technically
33:22
Speaker 1: apologized for it yet. They've put his statement out there,
33:24
Speaker 1: but that's about it.
33:26
Speaker 3: Yeah, understand, there is zero dispute that MSNBC did this.
33:29
Speaker 3: In fact, MSNBC put out a statement they said editor's note,
33:34
Speaker 3: ms now swapped out the original thumbnail thumbnail image for
33:38
Speaker 3: this video. The previous thumbnail image was an AI enhanced
33:42
Speaker 3: image of Alex Predding, So they've acknowledged they used AI
33:46
Speaker 3: to significantly change his appearance and to make him markedly
33:49
Speaker 3: better looking and look I looked online. As far as
33:54
Speaker 3: I can tell, MSNBC has not apologized. Nobody has been fired.
33:58
Speaker 3: If they are in fact a news or organization, they
34:00
Speaker 3: pretend they.
34:01
Speaker 4: Are fire somebody immediately.
34:02
Speaker 3: Their job is to report the news, and report facts.
34:05
Speaker 3: Not only were they not reporting facts, they were lying
34:08
Speaker 3: to their viewers. They were creating a fabricated and false
34:12
Speaker 3: image to change the facts to fit their political narrative.
34:17
Speaker 3: And any journalistic outfit with any integrity would fire whoever
34:22
Speaker 3: was responsible, would go on air and apologize and say
34:26
Speaker 3: we violated our integrity. The fact that MSNBC doesn't think
34:30
Speaker 3: they need to shows just how much the corporate media
34:33
Speaker 3: they are political liars. They are not even attempting or
34:37
Speaker 3: pretending to be journalists.
34:39
Speaker 4: Yeah, no doubt about it. Don't forget. We did this
34:41
Speaker 4: show three days a week.
34:42
Speaker 1: So make sure you down with Vertic with Tech crews
34:44
Speaker 1: wherever you get your podcasts, and we'll see you back
34:47
Speaker 1: here on this radio station as well next week.
34:49
Speaker 4: Have a great one, to be safe.