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Xi's Homecoming in Washington · The Bill Handel Show

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  Speaker 1: You're listening to KFI AM 640, the Bill Handel Show
• 0:04
  Speaker 1: on demand on the iHeartRadio app.
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  Speaker 2: Some really important stuff is going on. A big issue
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  Speaker 2: is First Amendment and the president's ability to toss out
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  Speaker 2: news reporters from covering the White House. And here is
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  Speaker 2: what the president did. Earlier this week, the— President said
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  Speaker 2: that the three news outlets, CNN, MS Now and Politico,
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  Speaker 2: could no longer cover the White House, literally couldn't even
• 0:34
  Speaker 2: go on the White House grounds, which you notice that
• 0:39
  Speaker 2: all the other news outlets do when they do reporting.
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  Speaker 2: And he said outright in Truth Social, and he also
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  Speaker 2: said in person, I'm throwing them out because it's fake
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  Speaker 2: news that they produce. And they report bad things about me,
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  Speaker 2: which is not true. And therefore, they're gone. Effectively, I
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  Speaker 2: don't like what they're reporting about me. Therefore, I'm going
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  Speaker 2: to make sure, and I am, I'm ordering that they
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  Speaker 2: not be allowed to on the White House, at the
• 1:11
  Speaker 2: White House, in the White House, even on the grounds. Well,
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  Speaker 2: as you would imagine, they immediately filed a lawsuit saying, oh, no,
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  Speaker 2: we need to be able to broadcast. This is a
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  Speaker 2: First Amendment issue, which means you can't stop news outlets
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  Speaker 2: from broadcasting. That just doesn't work that way, not in America.
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  Speaker 2: And the president doesn't have the right to curtail, in
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  Speaker 2: this case, MSNBC, CNN broadcast. or Political MS Now and CNN.
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  Speaker 2: And so a couple of issues. The court came down
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  Speaker 2: and there's a really, really scary outcome that just happened.
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  Speaker 2: Just the news broke a few minutes ago. So let
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  Speaker 2: me go through, first of all, what happened because this
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  Speaker 2: is a little bit wonky. And the decision here that
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  Speaker 2: the judge made by telling the White House, you've got
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  Speaker 2: to let these people in right now. It's a 14-day
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  Speaker 2: reprieve because this is a judgment from a federal district
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  Speaker 2: court judge in Washington. and it does not really establish
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  Speaker 2: the rights. That's going to go up to the appeals
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  Speaker 2: court and maybe the Supreme Court if the Supreme Court
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  Speaker 2: wants to hear it. Okay, so the argument was, and
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  Speaker 2: here's the big argument which the judge actually ruled on,
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  Speaker 2: is that due process was not given to the various
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  Speaker 2: news outlets. What does due process mean in this case? Well,
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  Speaker 2: the government barred the news outlets from reporting or being
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  Speaker 2: on the White House, and did not give them the
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  Speaker 2: ability to contest it. Did not give them the ability
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  Speaker 2: to say, no, you're wrong, your rationale is wrong. And
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  Speaker 2: because the procedure and the policy, and I think the law,
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  Speaker 2: says if under these circumstances there is a revocation of
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  Speaker 2: credentials to defend, report on the White House. And it
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  Speaker 2: doesn't get more important than reporting what the president does.
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  Speaker 2: I mean, you tell me that's not of national interest.
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  Speaker 2: You tell me that's not important to the people. And
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  Speaker 2: you tell me that they don't have the news outlets
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  Speaker 2: don't have the right to do this. Of course they do.
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  Speaker 2: I mean, this is a fundamental, fundamental question. OK, so
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  Speaker 2: what the judge ruled is this temporary stay. that the
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  Speaker 2: White House has to reinstate these news organizations straight out
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  Speaker 2: is based on this due process argument. Not the First
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  Speaker 2: Amendment argument, not the other arguments that were established. Now,
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  Speaker 2: the judge was asking questions of both the attorneys, one
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  Speaker 2: on the government side, as well as the attorneys representing
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  Speaker 2: the media outlets. And the government side said, and this
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  Speaker 2: is just this, I just don't get it. I just
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  Speaker 2: don't understand. Well, I do understand where the Trump administration
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  Speaker 2: is going, and that is it was for national security reasons.
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  Speaker 2: That's why the president banned these outlets. And when the
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  Speaker 2: judge asked, what national security are we talking about? because
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  Speaker 2: this had to do with what's going on with the arch,
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  Speaker 2: reporting on that crazy ass arch between the Lincoln Memorial
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  Speaker 2: and Arlington Cemetery. The White House said that it is
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  Speaker 2: national security. But here was the problem that the president had.
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  Speaker 2: And unfortunately, he screwed himself on this. When he first
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  Speaker 2: banned those reporters, he did not mention national security at all.
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  Speaker 2: He said outright, the reason I'm doing this because they're
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  Speaker 2: reporting negatively on me, period.
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  Speaker 3: That's it. You report negatively on me.
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  Speaker 2: I have the right to toss you out because what
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  Speaker 2: you report is fake news. And what he is arguing,
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  Speaker 2: he will determine what's fake and what's true. And the
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  Speaker 2: Justice Department, I don't know how a Justice Department lawyer
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  Speaker 2: can look at anybody in the face and say this.
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  Speaker 2: The president has the absolute right to determine what.
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  Speaker 3: National security is. That's it. Nobody else.
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  Speaker 2: The president decides what national security is. And if national security,
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  Speaker 2: for example, that ARCH, which was to be the biggest,
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  Speaker 2: the greatest arch in the world. Now it's a national
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  Speaker 2: security issue because he's putting drones on top and it's
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  Speaker 2: going to be an ammunition dump.
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  Speaker 3: I'm not exaggerating, by the way.
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  Speaker 2: And it's going to be snipers on top and it's
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  Speaker 2: all national security. And the judge went, what are you
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  Speaker 2: talking about? Nope. If the president says it's national security,
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  Speaker 2: it's national security.
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  Speaker 4: And you can't... Didn't Obama try to exclude Fox News
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  Speaker 4: at one point from the press pool?
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  Speaker 3: I don't think so. We can look that up.
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  Speaker 2: I do not believe that he tried to exclude Fox News.
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  Speaker 2: There's something vaguely that I remember that he had some
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  Speaker 2: issue with Fox. I don't think he banned Fox from
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  Speaker 2: showing up. I mean, he bitched and complained. Presidents do that.
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  Speaker 2: And they hate it when reporters report on things negatively. But, hey,
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  Speaker 2: that's the cost of doing business when you're president. You're
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  Speaker 2: going to have you're going to have negative reporting. And
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  Speaker 2: so the judge reinstates the news outlets. And one of
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  Speaker 2: the things that they were banned from eating part of
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  Speaker 2: the pool that reports the way it works in the
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  Speaker 2: White House at the Oval Office. They can't put all
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  Speaker 2: the cameras in, of course, so they can't have all
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  Speaker 2: the networks. So what they do is one network and
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  Speaker 2: they rotate is the camera is theirs and that's shared
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  Speaker 2: with the other networks. And he said these three or
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  Speaker 2: especially CNN cannot be part of it. And the lawsuit
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  Speaker 2: hit and all the other networks. stood up with CNN.
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  Speaker 2: Even Fox. Even Fox.
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  Speaker 3: Well, they should.
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  Speaker 2: Of course they should. But you'd think that the Fox
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  Speaker 2: would go the other way.
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  Speaker 3: They didn't. So we'll see what happens. Now, here's the
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  Speaker 3: scary one. Here is the scary one.
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  Speaker 2: Is that the judge ordered the reinstatement of CNN and
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  Speaker 2: Politico and MSNOW, and the White House still denies it.
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  Speaker 2: in complete contravention to a legal order. That is scary.
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  Speaker 2: That's the White House saying, we don't care what the
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  Speaker 2: judges say. We're going to do what we're going to do.
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  Speaker 2: That is a real constitutional problem.
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  Speaker 4: Is it true that Trump wants the press pool to
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  Speaker 4: be painted American flag blue?
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  Speaker 3: Probably.
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  Speaker 2: Anyway, we're going to follow that up. That's really scary
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  Speaker 2: stuff as far as I'm concerned. OK, coming up, President
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  Speaker 2: Xi Jinping at the airport and a very rare appearance
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  Speaker 2: where the president meets a head of state at the airport.
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  Speaker 2: We'll talk about that coming up.
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  Speaker 5: You're listening to Bill Handel on demand from KFI AM 640.
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  Speaker 2: In the story about the president banning CNN from reporting
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  Speaker 2: at the White House, I've been told was true. I
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  Speaker 2: remember now that Fox had been banned. There was an
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  Speaker 2: interview being done with an official and it was a
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  Speaker 2: pool interview with the official and the president basically threw
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  Speaker 2: out Fox. But it was that one interview and that
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  Speaker 2: was it. President Obama.
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  Speaker 4: I didn't know that you– I don't know if you clarified.
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  Speaker 3: That at what? You keep saying the president. Yeah, I
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  Speaker 3: meant Obama. Yeah, it was President Obama who did that.
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  Speaker 2: And the difference is that Fox was not banned from reporting,
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  Speaker 2: was not thrown out of the White House. It was
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  Speaker 2: a singular interview. And by the way, Obama doing that
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  Speaker 2: is horrific. Also, I think a violation of First Amendment.
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  Speaker 2: I have no problem with that. And Fox, of course,
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  Speaker 2: went crazy as the rest of the press went nuts
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  Speaker 2: and backed up Fox. So there's the big difference that
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  Speaker 2: I wanted to share. Now, the president yesterday met at
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  Speaker 2: the airport. He welcomed Chinese President Xi Jinping, who is
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  Speaker 2: making a trip to Washington, is here for three days
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  Speaker 2: meeting with the president, not at the U.N., only meeting
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  Speaker 2: with the president there. And he, President Trump, went to
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  Speaker 2: the airport. Very rarely does that happen. Met him at
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  Speaker 2: the foot of the ladder, the stairs. And as Trump
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  Speaker 2: has a want to do, there was a lot of panoply.
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  Speaker 2: There was just a tremendous amount of stuff going on.
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  Speaker 2: So it was, as you would think, there's a huge
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  Speaker 2: military presence, which everybody does as the president's walked down
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  Speaker 2: and they're seeing those soldiers standing at attention on both sides.
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  Speaker 2: And there was a flyover with B-1 bombers there. The
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  Speaker 2: band was playing both the national anthem and the Chinese anthem.
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  Speaker 2: And so now they're sitting down and talking. Last time
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  Speaker 2: they met was 10 years ago when President Trump went
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  Speaker 2: to China. And so they're going to be talking about Taiwan.
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  Speaker 2: They're going to be talking about AI. They're going to
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  Speaker 2: be talking about the war, the war in Iran. Amy,
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  Speaker 2: you're looking at me like you want to say something.
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  Speaker 6: Oh, just a quick clarification. He was the last time
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  Speaker 6: she was here was 10 years ago, but Trump was
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  Speaker 6: just in Beijing in May.
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  Speaker 3: Ah, OK. Thank you.
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  Speaker 6: All right.
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  Speaker 2: So it's a very big deal. Also, did you notice
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  Speaker 2: that the Chinese president flew on an Air China plane?
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  Speaker 2: It wasn't a presidential plane. It just said Air China
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  Speaker 2: and looked like a regular commercial plane that he flew on. Now,
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  Speaker 2: I'm assuming that it was just for the presidential party.
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  Speaker 2: But I thought that was interesting because usually when you're
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  Speaker 2: looking at foreign leaders flying around, they fly on their
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  Speaker 2: dedicated airplanes like Air Force One, which has the seal
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  Speaker 2: of the president. And this was I'd like to know
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  Speaker 2: if that was just a standard plane. Anyway, so the U.S.
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  Speaker 2: military rushed out to roll down the red carpet. Senior
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  Speaker 2: officials were watching this from the airplane door. And up
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  Speaker 2: comes the limousine. And that is a U.S. limousine pulls up.
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  Speaker 2: And the first lady and the president go up to
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  Speaker 2: the carpet at the base of the stairs. And then
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  Speaker 2: they welcome President Xi. And it's going to be a
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  Speaker 2: state dinner also that's going to be given for the president.
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  Speaker 2: And Trump also had, of course, he brought up the big,
• 12:15
  Speaker 2: beautiful ballroom because it's so great. And so they are
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  Speaker 2: going to talk about manufacturing, going back to the U.S.,
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  Speaker 2: Chinese cooperation with the U.S., Right now, U.S. and China
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  Speaker 2: are fairly sympathetic and they're going to be talking about
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  Speaker 2: the tariffs also.
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  Speaker 3: All right.
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  Speaker 2: So that's what's going on with President Xi. And we'll
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  Speaker 2: get some.
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  Speaker 3: News on that. So coming up, let's get local.
• 12:45
  Speaker 2: Why is the best price on your next car getting
• 12:48
  Speaker 2: harder to find? Huh. Let me think about that. Because
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  Speaker 2: the argument is what's being done is good for us.
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  Speaker 2: Yet at the same time, it's harder and harder to
• 13:01
  Speaker 2: find the best price. Seems like a contradiction, doesn't it? Well,
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  Speaker 2: I'll share that story with you when we return.
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  Speaker 5: You're listening to Bill Handel On Demand from KFI AM 640.
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  Speaker 3: News is breaking right now, big time.
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  Speaker 2: Yesterday, the federal judge in the case where the White
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  Speaker 2: House president basically banned or did ban CNN, Politico, MSNOW
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  Speaker 2: from reporting from the White House. So they went to
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  Speaker 2: court and the judge said, oh, no, they have to
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  Speaker 2: be reinstated at least for 14 days pending a hearing.
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  Speaker 2: And then I went through it and the White House said,
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  Speaker 2: too bad.
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  Speaker 3: Don't care.
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  Speaker 2: They're still banned. And so the judge said, you have
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  Speaker 2: until 1230 today. to the Department of Justice to come
• 13:51
  Speaker 2: in and explain to me why you are not paying
• 13:53
  Speaker 2: attention to my order. And that's happening in a couple
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  Speaker 2: of hours at 9.30 our time.
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  Speaker 3: So we'll see what happens. This is going to be
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  Speaker 3: really interesting.
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  Speaker 2: Does the White House just say to the courts, you
• 14:05
  Speaker 2: can pound sand, I'm going to do anything, we'll do
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  Speaker 2: anything we want. Really interesting stuff going on. Now, also
• 14:12
  Speaker 2: something I want to share with you, and that is
• 14:15
  Speaker 2: trying to get the best price for your car. Stellantis,
• 14:19
  Speaker 2: that makes Jeep, is adopting a minimum advertised pricing rule
• 14:24
  Speaker 2: next month.
• 14:26
  Speaker 3: And what does that mean?
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  Speaker 2: Well, it's setting a floor for the lowest price the
• 14:29
  Speaker 2: dealers can advertise. So they cannot go, starting with the
• 14:33
  Speaker 2: 2027 model year, advertisement for Stellantis by dealers cannot go
• 14:39
  Speaker 2: below the invoice price paid by the dealer. In other words,
• 14:44
  Speaker 2: you can go ahead and advertise right down to the
• 14:47
  Speaker 2: price that you pay to the dealers. And so automakers
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  Speaker 2: are simply preventing their dealers from publicly competing on price.
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  Speaker 3: And how does that help the consumer?
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  Speaker 2: Well, here's what Stellantis and GM and Toyota that are
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  Speaker 2: now doing this say, that if there is no limit
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  Speaker 2: to what dealers can advertise their price for, What they
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  Speaker 2: do is they advertise their price at below what they
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  Speaker 2: pay with basically no intention of either selling the car
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  Speaker 2: at that price or it's a bait and switch. And
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  Speaker 2: I had that experience happen to me when my daughter,
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  Speaker 2: I was buying my daughter a car and was looking
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  Speaker 2: at advertisements.
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  Speaker 3: And there was one from a Toyota dealer.
• 15:40
  Speaker 2: It was a Toyota. That's what my daughter ended up getting.
• 15:43
  Speaker 2: And there were three cars that were discounted so deeply
• 15:48
  Speaker 2: it almost made no sense. And so I called the dealership.
• 15:53
  Speaker 2: And then they have to give you the license number.
• 15:54
  Speaker 2: The law says you have to have the license number,
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  Speaker 2: which car specifically. So if they're advertising that, they have
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  Speaker 2: to sell it. Now, so what this does when the
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  Speaker 2: price is advertised so low is that it becomes a
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  Speaker 2: bait and switch. that the real intention is not to
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  Speaker 2: sell the car at that price.
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  Speaker 3: So I called.
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  Speaker 2: I called the dealership, and I got some sleazeball salesperson,
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  Speaker 2: and this was in Long Beach, and I was prepared
• 16:21
  Speaker 2: to drive down there and pick up the car.
• 16:24
  Speaker 3: And I said, so you still have a car available? Yeah,
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  Speaker 3: we only have one more. We've sold two.
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  Speaker 2: And I said, okay, so I can buy that car
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  Speaker 2: that price? Yes, absolutely. And I said, tell you what
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  Speaker 2: I'm going to do. I'm driving from Los Angeles to
• 16:40
  Speaker 2: Long Beach. That's an hour and a half drive. And
• 16:44
  Speaker 2: I want that car and it better become available. And
• 16:48
  Speaker 2: the guy said, oh, it's here. And I said, please
• 16:51
  Speaker 2: tell your boss that if that car is not available
• 16:55
  Speaker 2: and in fact has not been sold yet, and you
• 16:59
  Speaker 2: try to say there are no more, this car doesn't
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  Speaker 2: exist for sale anymore, I'm going to file a lawsuit.
• 17:05
  Speaker 2: So he goes back and he comes to me, goes,
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  Speaker 2: we just sold the car. Literally, we sold the car
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  Speaker 2: 10 minutes ago. So that car is not available anymore.
• 17:14
  Speaker 2: But we'd love to see you down here because we
• 17:15
  Speaker 2: can get you in a car on a great price. Classic,
• 17:18
  Speaker 2: it's classic bait and switch. And Stellantis, another dealer, is saying,
• 17:23
  Speaker 2: you can't do that anymore.
• 17:25
  Speaker 3: You're done.
• 17:26
  Speaker 2: Now, what happens in reality is that you can't get
• 17:31
  Speaker 2: the car below the price the manufacturer pays.
• 17:37
  Speaker 3: Okay, fair enough. And if they sell it, they sell it.
• 17:40
  Speaker 3: And if they don't, they don't.
• 17:43
  Speaker 2: But those were never for sale. That's the other thing
• 17:45
  Speaker 2: that happens. Do you know when that car was advertised
• 17:48
  Speaker 2: below the manufacturer's price, below the dealer's price, it was
• 17:53
  Speaker 2: never available. Someone else had always bought it. And this
• 17:57
  Speaker 2: is what Stellantis and the other car dealers are saying.
• 18:00
  Speaker 2: And you're not going to do that anymore. You're not
• 18:02
  Speaker 2: going to be able to advertise cars that cheap.
• 18:04
  Speaker 3: And so that's what's going on with that.
• 18:08
  Speaker 2: And Scott Painter, the founder and chief executive of a
• 18:12
  Speaker 2: car buying platform says- No question it makes price discovery
• 18:16
  Speaker 2: for consumers harder.
• 18:17
  Speaker 3: I don't know if it does. I really don't.
• 18:20
  Speaker 2: Because I think they can advertise all the way down
• 18:22
  Speaker 2: to what they're buying.
• 18:25
  Speaker 3: From the manufacturer.
• 18:27
  Speaker 2: At the same time, why can't they sell below the
• 18:29
  Speaker 2: manufacturer's price? Why can't they decide that they're going to
• 18:33
  Speaker 2: put these cars up for sale and they become loss leaders?
• 18:37
  Speaker 2: Costco sells a hot dog and a drink for $ 1.
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  Speaker 3: 50.
• 18:42
  Speaker 2: Way below what they pay for that product but there's
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  Speaker 2: no bait and switch they're not saying oh you know
• 18:48
  Speaker 2: what instead of this it really isn't available at a
• 18:51
  Speaker 2: dollar fifty uh because those have all been sold uh
• 18:56
  Speaker 2: now the same thing is three dollars and fifty cents could.
• 18:59
  Speaker 4: You imagine you would probably go more nuts over that
• 19:02
  Speaker 4: than you would the car.
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  Speaker 2: Oh god oh yes oh absolutely on top of that
• 19:06
  Speaker 2: and here's another story that's even more important when it
• 19:10
  Speaker 2: comes to car buying is that churros are coming back
• 19:13
  Speaker 2: to Costco for a dollar.
• 19:16
  Speaker 3: They're bringing back churros. Thank God.
• 19:18
  Speaker 7: Oh, it's official now that it is the churros and
• 19:21
  Speaker 7: not the pizza?
• 19:22
  Speaker 2: No, no, the pizza is always going to be there.
• 19:24
  Speaker 2: I think, Neil, you've been following up on this. I
• 19:27
  Speaker 2: don't know.
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  Speaker 3: That they've announced it. The assumption is.
• 19:30
  Speaker 2: Oh, yeah, you're right. I think it's just theory out there.
• 19:33
  Speaker 4: But when it happens, we're going to take the whole
• 19:36
  Speaker 4: show over there.
• 19:38
  Speaker 3: Damn right.
• 19:39
  Speaker 2: They replaced the churro with a chocolate chip cookie that you.
• 19:43
  Speaker 3: Can get anyplace. The humanity. That's exactly it.
• 19:47
  Speaker 2: So screw buying a car and paying thousands of dollars
• 19:51
  Speaker 2: more than you should. It's the churro story that I
• 19:55
  Speaker 2: think is really important. Churros for a dollar. It is
• 19:58
  Speaker 2: confirmed that they're bringing back the churro.
• 20:01
  Speaker 5: Oh.
• 20:01
  Speaker 7: Oh, good news.
• 20:02
  Speaker 3: Good news.
• 20:03
  Speaker 7: We needed that today.
• 20:05
  Speaker 2: All right.
• 20:06
  Speaker 3: For a limited time.
• 20:07
  Speaker 5: Yeah. Wait, wait, wait.
• 20:09
  Speaker 3: What?
• 20:09
  Speaker 7: For a limited time. It's going to be like the
• 20:11
  Speaker 7: next McRib again.
• 20:12
  Speaker 3: Oh, come on. They don't have anything for a limited
• 20:14
  Speaker 3: time at Costco.
• 20:17
  Speaker 2: It's not like a uh you know promotion is they
• 20:20
  Speaker 2: put it on the menu and then it stays on
• 20:22
  Speaker 2: the menu they've added a couple things the turkey and provolone.
• 20:24
  Speaker 3: Sandwiches which is excellent uh by the.
• 20:27
  Speaker 4: Way very very good can you bring the churro back
• 20:29
  Speaker 4: for a refund uh if you just have that just
• 20:32
  Speaker 4: have a little bit of sugar in your hand a
• 20:34
  Speaker 4: little bit.
• 20:35
  Speaker 2: I'll bet you you could that's true you know we
• 20:37
  Speaker 2: have a huge story coming up um It's that the
• 20:40
  Speaker 2: president is about to declare war.
• 20:43
  Speaker 3: And drop the atomic weapon.
• 20:45
  Speaker 2: But instead, we're going to put that aside and spend
• 20:48
  Speaker 2: the next segment talking about a churro at Costco. No,
• 20:52
  Speaker 2: we're not going to do that. I wish we could.
• 20:55
  Speaker 2: Coming up, Los Angeles approves almost half a billion dollars,
• 21:00
  Speaker 2: actually $ 446 million in affordable housing spending. And that— That
• 21:07
  Speaker 2: the amount of money that's being sent is astronomical. And
• 21:09
  Speaker 2: that's the largest pool ever. I'll talk about that when
• 21:11
  Speaker 2: we return.
• 21:13
  Speaker 5: You're listening to Bill Handel on demand from KFI AM 640.
• 21:21
  Speaker 2: A quick word about Neil and Amy. They are going
• 21:25
  Speaker 2: over the edge tomorrow. And that's Universal City. And you
• 21:30
  Speaker 2: can see them repelling things. down a 26-story building, and
• 21:35
  Speaker 2: it all has to do with a union rescue mission.
• 21:40
  Speaker 2: And so, Amy, we'll go to you. How do people
• 21:43
  Speaker 2: get involved and what this is all about?
• 21:45
  Speaker 7: Super easy.
• 21:46
  Speaker 6: Just go to urm.org slash O-T-E, and then right on
• 21:51
  Speaker 6: the homepage is a little Team KFI button, and just
• 21:54
  Speaker 6: click on that.
• 21:56
  Speaker 7: That's where you can donate. We'll take $ 5, $ 50, $ 500, and.
• 22:01
  Speaker 6: If you want to go over the edge, you just
• 22:04
  Speaker 6: have to raise $ 1, 000. If you want to do that,
• 22:06
  Speaker 6: let us know. We'll go over the edge with you.
• 22:08
  Speaker 3: Yeah.
• 22:09
  Speaker 2: And where else do you have the opportunity to rappel
• 22:12
  Speaker 2: down a 26-story building? For those of you that would
• 22:16
  Speaker 2: like that opportunity, if you're crazy enough. Doesn't happen.
• 22:20
  Speaker 7: Can't do it.
• 22:21
  Speaker 3: That's right.
• 22:21
  Speaker 2: It's not one of those things that can be done.
• 22:23
  Speaker 3: It really isn't.
• 22:24
  Speaker 7: There might be a reason for that, but we're doing
• 22:26
  Speaker 7: it anyway.
• 22:27
  Speaker 3: That's true.
• 22:27
  Speaker 2: It's almost like what we do at Pastathon. We sell off,
• 22:31
  Speaker 2: we auction off a private barbecue in my house.
• 22:35
  Speaker 3: And Neil and I do a... We do a broadcast
• 22:38
  Speaker 3: from there. Can't do it otherwise. Can't do it.
• 22:41
  Speaker 4: Maybe reword that. I don't want people to think we're
• 22:43
  Speaker 4: barbecuing our privates.
• 22:45
  Speaker 3: Yes, we are.
• 22:46
  Speaker 5: Oh, right.
• 22:47
  Speaker 3: A quick word about what's happening.
• 22:48
  Speaker 2: L.A. City Council approved unanimously four hundred and sixty six
• 22:54
  Speaker 2: million dollars for affordable housing. And this is on top
• 22:58
  Speaker 2: of last year, $ 387 million. So now we're talking about
• 23:03
  Speaker 2: close to a billion dollars over the past two years,
• 23:08
  Speaker 2: including today or this year and last year. And it's
• 23:12
  Speaker 2: all for affordable housing because there just ain't enough. And
• 23:17
  Speaker 2: the problem is, I did this story yesterday, is that
• 23:20
  Speaker 2: housing in general for multi-story buildings is, multi-density or more
• 23:26
  Speaker 2: dense buildings is where you put housing, of course. You know,
• 23:29
  Speaker 2: you don't do individual housing, affordable housing, because land is
• 23:32
  Speaker 2: too dear. And so this renovates and or builds new housing.
• 23:39
  Speaker 2: And it's not being built. It just isn't, because developers
• 23:43
  Speaker 2: can't make enough money.
• 23:44
  Speaker 3: That's all.
• 23:44
  Speaker 2: So that kind of multifamily units being built, that's dropped
• 23:50
  Speaker 2: roughly 30%.
• 23:52
  Speaker 3: How do they raise this much money? I mean, it's
• 23:54
  Speaker 3: almost half a billion dollars. How do they raise this?
• 23:57
  Speaker 2: Well, it's the mansion tax that any building or any
• 24:02
  Speaker 2: house or business or building sold over $ 5 million gets
• 24:06
  Speaker 2: taxed 4% of the entire purchase price. So if you
• 24:11
  Speaker 2: sell a property for $ 5 million, you get to pay
• 24:14
  Speaker 2: $ 200, 000 in taxes. to the city isn't that special.
• 24:24
  Speaker 3: Is that right?
• 24:24
  Speaker 2: Is that 20,000 or is that 200,000? What's the math
• 24:27
  Speaker 2: on that? I'm not a math genius.
• 24:30
  Speaker 4: I graduated from a California high school.
• 24:32
  Speaker 3: Okay, 5% over $ 5 million if.
• 24:33
  Speaker 2: You sell a building for $ 750, 000 or $ 7. 5 million, which
• 24:35
  Speaker 2: you can. There are buildings, there are houses, there are
• 24:37
  Speaker 2: certainly commercial buildings that sell for that much money. And
• 24:50
  Speaker 2: this mansion tax, which is actually 5% over that, or 4%,
• 24:57
  Speaker 2: and then it goes to 7.5% over $ 10 million. Look
• 25:00
  Speaker 2: at the houses in Malibu or look at the houses
• 25:04
  Speaker 2: in Beverly Hills. It is not hard to find a
• 25:07
  Speaker 2: house that's over $ 10 million because this thing has raised...
• 25:11
  Speaker 2: I mean, it has raised $ 2 billion so far since
• 25:15
  Speaker 2: the tax was raised. And here's the bottom line the
• 25:18
  Speaker 2: tax was voted in. And here's the bottom line. The
• 25:21
  Speaker 2: bigger story is whenever money is needed, absolutely hit the
• 25:25
  Speaker 2: rich because the rich should not have as much money
• 25:28
  Speaker 2: as they do. And when they do have as much money,
• 25:31
  Speaker 2: let's take away as much as possible. That's the basic philosophy.
• 25:36
  Speaker 2: They have to pay their fair share. Oh, I have
• 25:39
  Speaker 2: a quick question before we leave. And that is, what
• 25:42
  Speaker 2: do you think a reasonable income tax should be?
• 25:48
  Speaker 3: Income tax rate. Neil, what would you think would be reasonable?
• 25:52
  Speaker 3: For income tax? Yeah, yeah. You know, income tax. What
• 25:55
  Speaker 3: would you pay on your income? What do you think
• 25:57
  Speaker 3: is reasonable? 10%. 10%. Okay.
• 26:01
  Speaker 2: Amy, what would you think would be a reasonable tax
• 26:04
  Speaker 2: if you were the king of the world?
• 26:07
  Speaker 7: Uh, I, yeah, I think 10% would be great.
• 26:10
  Speaker 2: Do you think, no, you think, I mean, that's reasonable
• 26:12
  Speaker 2: in terms of running governments. Uh, you guys are way,
• 26:15
  Speaker 2: way under, uh.
• 26:16
  Speaker 3: The government's too big. How about, I'm not arguing that.
• 26:19
  Speaker 2: I'm not arguing that the average when people are asked,
• 26:22
  Speaker 2: if you look at the surveys are about 30%, a third.
• 26:26
  Speaker 2: People are comfortable with a third going to the government.
• 26:30
  Speaker 7: I'm not comfortable with that.
• 26:32
  Speaker 3: I think it's too high. Of course it is.
• 26:34
  Speaker 2: I'm talking about the average American. They've done studies. Do
• 26:37
  Speaker 2: you know how much it is in California?
• 26:38
  Speaker 3: 52%.
• 26:41
  Speaker 7: I'm not comfortable with that either.
• 26:43
  Speaker 2: 52% if you make, yeah, I know, if you make
• 26:47
  Speaker 2: over a million dollars. 52% were the highest taxed state
• 26:50
  Speaker 2: in the United States by a long shot.
• 26:52
  Speaker 3: Oh, how about gas taxes? Oh, the highest. How about
• 26:56
  Speaker 3: property taxes? Among the highest. Yeah, we're number one. Isn't
• 27:03
  Speaker 3: that nice? We're number one. I think we.
• 27:05
  Speaker 4: Should tax people what they think we should be taxed.
• 27:08
  Speaker 4: So those that say 52%, they should be taxed at 52%.
• 27:12
  Speaker 2: Who thinks 52% is a reasonable tax other than Bernie Sanders?
• 27:16
  Speaker 3: That's what they were saying in California.
• 27:18
  Speaker 2: That's not what the people want. That's what the legislature
• 27:20
  Speaker 2: is putting in for state income tax. And that's the 13%
• 27:24
  Speaker 2: on top of the federal tax. Oh, because we are
• 27:27
  Speaker 2: a tax state. You can go to Orange. You can
• 27:29
  Speaker 2: go to Washington, Oregon. Washington or Oregon, no tax. You
• 27:34
  Speaker 2: can go to, I think, Wyoming, no tax. Income tax,
• 27:38
  Speaker 2: certainly Florida, no income tax. Texas, no income tax. Fix
• 27:42
  Speaker 2: our roads.
• 27:44
  Speaker 3: All right. Let's get out of here. We're done. Coming up.
• 27:48
  Speaker 2: There's a rocket crunch. You want to use a rocket
• 27:52
  Speaker 2: to lift up your satellite into space?
• 27:55
  Speaker 3: Get in line.
• 27:56
  Speaker 2: You've got to wait. I'll explain that. KFI AM 640.
• 28:00
  Speaker 1: You've been listening to The Bill Handel Show. Catch my
• 28:03
  Speaker 1: show Monday through Friday, 6 a.m. to 9 a.m.
• 28:06
  Speaker 3: And anytime on demand on the iHeartRadio app.