Latest / Ron Verb / Tuesday 3pm hour 05/05/26
Transcript
- 0:00Speaker 1: Welcome to Election Day. It's Tuesday, May 5th. It's 68 degrees.
- 0:06Speaker 1: News radio, windy out there, incidentally. 68 degrees, overcast. We
- 0:10Speaker 1: had spit a little bit of rain this morning in
- 0:12Speaker 1: my neck of the woods. Then it dried up. And
- 0:14Speaker 1: so it looks like it will rain again later. It
- 0:20Speaker 1: will rain again later. But it's windy and definitely windy
- 0:23Speaker 1: out there. And a little bit chilly. Anyway, good afternoon.
- 0:25Speaker 1: 3.06 in the afternoon. Ron Furb with you until 7 tonight.
- 0:29Speaker 1: Here on News Radio 570 WKBN. Always honored that you
- 0:32Speaker 1: tuned in. This is Election Day. Sad part is that
- 0:37Speaker 1: they say it's the primary season and only about 25%
- 0:40Speaker 1: of registered voters will show up and pull a ballot.
- 0:45Speaker 1: And I went and voted today. They asked for my
- 0:48Speaker 1: driver's license. I said, that's racist, isn't it? But they
- 0:52Speaker 1: asked for my driver's license. Had to give an ID
- 0:55Speaker 1: to vote. How about that? And Then I went and voted.
- 1:01Speaker 1: I did my thing. Are you ready for this? Are
- 1:07Speaker 1: you sitting down? Are you ready? Are you ready for this?
- 1:15Speaker 1: Are you sure? When I got my ballot today, when
- 1:25Speaker 1: I got my ballot today, I voted for all the taxes. What?
- 1:31Speaker 1: What did he say? What? What did he say? I
- 1:35Speaker 1: said I voted for all the renewals in Austintown. Why
- 1:41Speaker 1: did I do that? Why did you do that? Yes,
- 1:43Speaker 1: I'll tell you why I did it. It's because they
- 1:47Speaker 1: were all... Well, I voted for the county road tax,
- 1:50Speaker 1: Genetti's renewal there. That's a sales tax, just so you know.
- 1:54Speaker 1: That's a quarter percent sales tax. In my 41 years
- 1:58Speaker 1: of spending time with you, I've never seen more paving
- 2:01Speaker 1: done in this county. And the dedication from a county
- 2:06Speaker 1: engineer like I have from this particular county engineer. I mean,
- 2:10Speaker 1: Pat Giannetti, when he went to that quarter percent sales tax,
- 2:13Speaker 1: said that will not be used for raises. We're going
- 2:15Speaker 1: to use this to pave roads. Percentage of the money
- 2:19Speaker 1: we raise will go to your townships, Boardman, Austintown. So
- 2:23Speaker 1: it will surplus their paving budgets so you can get
- 2:25Speaker 1: more roads paved in your townships, Jackson Township, all the
- 2:29Speaker 1: townships that are out there. And then we're going to use, obviously,
- 2:35Speaker 1: the bulk of it to fix these county roads, many
- 2:38Speaker 1: of which haven't been touched for years and years and years.
- 2:42Speaker 1: And so you got a lot of paving that was
- 2:45Speaker 1: getting done, more than I've ever seen in my time
- 2:48Speaker 1: in the community. And obviously, it gets difficult when oil
- 2:52Speaker 1: is so expensive because, I don't know if you know this,
- 2:55Speaker 1: but asphalt is oil-based. And consequently, if those prices go up,
- 3:01Speaker 1: you can do only so many road miles. But if
- 3:04Speaker 1: they come down, it extends how many road miles you
- 3:07Speaker 1: can pave. But anyway, you're getting your money's worth out
- 3:09Speaker 1: of that quarter percent sales tax. You don't even notice it.
- 3:12Speaker 1: And that's a renewal. And I supported that. And quite frankly,
- 3:15Speaker 1: Austintown Township has some renewals for the road department as well.
- 3:21Speaker 1: They are renewals for your roads in a township. So
- 3:26Speaker 1: there you have it. I mean, they're not an increase
- 3:28Speaker 1: in taxes, but roads are important. And so Genetti's, the
- 3:34Speaker 1: countywide tax I voted for, Again, continuing, it's quarter percent.
- 3:39Speaker 1: I don't even notice it. And the property taxes, those
- 3:42Speaker 1: two are fairly important in Auston Township when it comes
- 3:45Speaker 1: to the roads there. So I voted to continue with those.
- 3:50Speaker 1: I vote against the ones that don't make a lick
- 3:51Speaker 1: of sense, like the property tax for the library. I
- 3:54Speaker 1: never vote for that. I never vote for that. But
- 3:56Speaker 1: my roads, got to have roads. Got to drive on them.
- 3:59Speaker 1: Tired of chuck holes. Got to get them fixed. And
- 4:02Speaker 1: that costs money. And with these high oil prices, it
- 4:05Speaker 1: costs more than ever. So anyway, make sure you go
- 4:09Speaker 1: out and cast your ballot today. It's a primary. So
- 4:13Speaker 1: you can see in whatever areas that you're in. Sometimes
- 4:19Speaker 1: you vote for... Well, just go on out and vote.
- 4:23Speaker 1: Be an informed voter. That's all you can do. Do
- 4:27Speaker 1: your best. Be an informed voter. And what else do
- 4:33Speaker 1: I have for you? I want to talk about the
- 4:35Speaker 1: economy at some point today. Think about where we would
- 4:40Speaker 1: be if this war never happened, economically speaking. If this
- 4:44Speaker 1: war never happened and $ 5 gas wasn't the case, just
- 4:47Speaker 1: think of where... we would be economically speaking versus where
- 4:52Speaker 1: we are now. And I'm going to hopefully get into
- 4:56Speaker 1: later in the program. Economically speaking, I do not have
- 4:59Speaker 1: a rosy scenario for you. You're on air.
- 5:01Speaker 2: Hey, Ron, how are you doing today?
- 5:03Speaker 1: I'm well.
- 5:05Speaker 2: Hey, real quick, like, you know, I've been listening to
- 5:07Speaker 2: you for probably over 30 years. I used to sit
- 5:11Speaker 2: there and listen to you with my mom, and she
- 5:13Speaker 2: died in 93. So it's been a long time since
- 5:15Speaker 2: I've been listening to you. And over that time, I've
- 5:18Speaker 2: heard people call in about one person. They didn't like
- 5:21Speaker 2: what they said, and this.
- 5:22Speaker 1: Person didn't like what they said.
- 5:23Speaker 2: And you've got that banter going back and forth, which
- 5:26Speaker 2: brings me to yesterday and your boy Ted DeCee. He
- 5:29Speaker 2: was so far off base for him to say that
- 5:33Speaker 2: he's got police involved. He broadcasted where the boss lady's
- 5:39Speaker 2: house is. I didn't know whether to laugh. I mean,
- 5:43Speaker 2: it was, you know, he needs to grow a pair. Seriously,
- 5:47Speaker 2: he's acting like a baby. JJ had it right yesterday
- 5:50Speaker 2: when he said, how old is he? My question is,
- 5:53Speaker 2: what grade is he in? I just cannot believe that
- 5:57Speaker 2: he got on. And then he told you, he said, Ron,
- 6:00Speaker 2: this starts with, this stops today and it starts with you.
- 6:04Speaker 2: What does that mean? Does that mean you're not going
- 6:07Speaker 2: to let her call?
- 6:08Speaker 1: No, that absolutely does not mean that at all. Here's
- 6:12Speaker 1: what it means. As I said to him when he called,
- 6:14Speaker 1: first of all, there's two different things. Just so you know,
- 6:19Speaker 1: there's what you hear on what they call terrestrial radio,
- 6:23Speaker 1: your regular radio, and what you hear on the iHeart app.
- 6:25Speaker 1: You follow me? Here's a little-known secret. Are you ready
- 6:29Speaker 1: for this? That if you're listening on the iHeart app...
- 6:34Speaker 1: When we dump out swear words and certain things? Are
- 6:39Speaker 1: you ready? That you wouldn't hear on the radio? You
- 6:42Speaker 1: can still hear them on the app. You follow me?
- 6:45Speaker 3: I hear it all the time.
- 6:46Speaker 1: Okay, because that's... Because the... The swearing and that kind
- 6:52Speaker 1: of stuff, we can't have it on terrestrial radio, but
- 6:55Speaker 1: it doesn't matter if it's on the app and that
- 6:58Speaker 1: kind of stuff. So it's kind of, I don't want
- 7:00Speaker 1: to say it's the same feed, but people hear different things.
- 7:03Speaker 1: But here's what I say to all of that. Uh,
- 7:07Speaker 1: and I do not, I want to hear what each
- 7:11Speaker 1: and every person's opinion is. Okay. And whether I agree
- 7:14Speaker 1: or disagree with it, that's what, that's at least what
- 7:18Speaker 1: this program is all about. What is your thoughts? What
- 7:21Speaker 1: are your views? I do not. And it's troubled me
- 7:25Speaker 1: long before that particular situation. I do not particularly care
- 7:29Speaker 1: for people attacking callers on a personal basis. And I
- 7:33Speaker 1: can think of no one, I'll be blunt with you,
- 7:35Speaker 1: I can think of two callers that get attacked and
- 7:40Speaker 1: I said to them, I'm not going to allow that
- 7:44Speaker 1: to have people. You can disagree with their opinions, but
- 7:47Speaker 1: when you start calling them callers, When you start attacking
- 7:51Speaker 1: them on a personal level, when people attack J.J. the
- 7:54Speaker 1: liberal or people attack Fort Lauderdale Frank, that's where I
- 7:58Speaker 1: draw the line. In other words, you can disagree with
- 8:01Speaker 1: what their comments are, what their views are, and that's
- 8:04Speaker 1: okay for you to disagree with that. But it's not
- 8:06Speaker 1: okay for you to attack them on a personal basis.
- 8:09Speaker 1: And I thought J.J. 's comments yesterday were interesting because
- 8:13Speaker 1: I can't think of any caller that's ever taken more
- 8:15Speaker 1: guff than J.J. the liberal. Can you, caller?
- 8:18Speaker 2: No, and you know what, Ron? There are times where
- 8:21Speaker 2: I've listened to... Your boy, Ted, call in and complain
- 8:24Speaker 2: about JJ. He complains about Frank from Fort Lauderdale. Even yesterday,
- 8:29Speaker 2: he complained about Richard, the pharmacist. He didn't like what
- 8:33Speaker 2: he had to say. But the minute somebody calls in..
- 8:35Speaker 1: Well, now, wait a minute. I don't disagree if he
- 8:40Speaker 1: was disagreeing with Richard, the pharmacist, voting process. That was fair.
- 8:45Speaker 1: You can disagree with somebody's opinion. I don't have a
- 8:47Speaker 1: problem with that at all. That's all the boss lady's doing.
- 8:50Speaker 2: She's just disagreeing with this candidate.
- 8:53Speaker 1: Right, but here's where I made the mistake. When she
- 9:02Speaker 1: came on the air and basically said... does he squat
- 9:07Speaker 1: to pee? Well, that should have never, you know, she
- 9:09Speaker 1: should have never engaged in that either. I mean, that,
- 9:12Speaker 1: that was, that was wrong. And I won't tolerate that
- 9:16Speaker 1: from her. And, and it's just something that from my standpoint, listen,
- 9:22Speaker 1: I love Ted, the conservative. I love his calls. I
- 9:24Speaker 1: love his thought process and, and what he has to say.
- 9:29Speaker 1: And I enjoy the boss lady and what she has
- 9:31Speaker 1: to say. But by God, I'm not going to engage
- 9:34Speaker 1: in people personally attacking callers in that fashion. It is
- 9:40Speaker 1: not going to happen. And let me tell you, you know,
- 9:44Speaker 1: when she said that, you know, that's insulting. Deal with
- 9:48Speaker 1: his thoughts and his opinions. They are both Republicans. They
- 9:53Speaker 1: both view the commissioner race differently, obviously, who she supports
- 9:57Speaker 1: and who he supports. And it's, and it's, okay to
- 10:02Speaker 1: discuss your candidate and your thinking and your reasoning with
- 10:07Speaker 1: that as well. And we go from there. That was
- 10:13Speaker 1: my point. And quite frankly, I take it all personally.
- 10:19Speaker 1: in that sense, as constructive criticism, because I'm not going
- 10:23Speaker 1: to allow that to continue to happen.
- 10:26Speaker 2: And, you know, Ron, you said about her before, she's harmless.
- 10:31Speaker 2: She's absolutely harmless. She's 5'1, 110 pounds, soaking wet.
- 10:35Speaker 1: I don't know.
- 10:36Speaker 2: And he's attacking her like she's some animal. She doesn't
- 10:40Speaker 2: fight with pigs.
- 10:41Speaker 1: Come on, Ted. Grow up. Listen, I don't want him...
- 10:45Speaker 1: But she started it with some of her insults towards him, too.
- 10:49Speaker 1: So it takes two to tango, but I'm not going
- 10:52Speaker 1: to let it continue. I know.
- 10:54Speaker 2: That's what JJ said yesterday. He said, listen, I don't
- 10:57Speaker 2: understand Ted, because he throws back stuff at her, too.
- 11:00Speaker 2: But the idea that he said... He's going to meet
- 11:02Speaker 2: the po-po.
- 11:04Speaker 1: In her driveway? I don't think that's going to mean anything.
- 11:07Speaker 2: I don't think so either.
- 11:09Speaker 1: He needs to grow up.
- 11:12Speaker 3: Right.
- 11:12Speaker 4: Grow up, Ted.
- 11:14Speaker 1: Well, everybody can have a bad day. Now, I can't
- 11:17Speaker 1: control what people do on social media. But I'll tell
- 11:23Speaker 1: you something. Social media, to a large extent, is highly
- 11:28Speaker 1: overrated media. It's highly overrated, and a lot of the
- 11:33Speaker 1: people that are on there are what they call these
- 11:36Speaker 1: keyboard warriors and that kind of stuff. I mean, I
- 11:40Speaker 1: tip the cards here, and I don't know if I'm
- 11:43Speaker 1: breaking the rules or something like that I should be.
- 11:46Speaker 1: You know, like you'd get these people that would send,
- 11:50Speaker 1: how would I put it, emails here to the, radio
- 11:57Speaker 1: station or to me and that kind of stuff. Well,
- 12:00Speaker 1: that only gets you on the radar screen. In other words,
- 12:03Speaker 1: in other words, those emails don't get deleted. They go into,
- 12:06Speaker 1: I mean, ever since some of these, um, How do
- 12:12Speaker 1: you put it? I don't want to just say the
- 12:13Speaker 1: Charlie Kirk assassination, but before that, there's been problems in
- 12:19Speaker 1: the industry with people that email certain types of things.
- 12:24Speaker 1: And they all go in a separate file and they
- 12:26Speaker 1: all go for further review. It just gets you on
- 12:29Speaker 1: the radar screen. So I don't know if I'm breaking
- 12:35Speaker 1: the rules to tell people that or not, but I
- 12:38Speaker 1: like to be straightforward with people. If you don't have anything, Decent,
- 12:43Speaker 1: I guess, to email. My suggestion is it probably is
- 12:46Speaker 1: best not to email them because you get on the
- 12:51Speaker 1: radar screen. Let me just put it that way. They
- 12:53Speaker 1: don't go away. Let me put it that way.
- 12:56Speaker 2: Let me say this much. I'm on Facebook. I'm friends
- 12:59Speaker 2: with her on Facebook. We're both part of the same
- 13:01Speaker 2: political group fighting property tax and all that. And I
- 13:05Speaker 2: challenge anybody to go on her page or our political
- 13:08Speaker 2: page and find out once, once, where she criticized him.
- 13:14Speaker 2: All she ever said was Ted DeCee. In fact, she
- 13:17Speaker 2: was out with her family, and a guy came up
- 13:20Speaker 2: to her and said, I heard you on the radio.
- 13:22Speaker 2: Would you like to know who Ted DeCee is? She
- 13:25Speaker 2: didn't do any investigating. She didn't really care, but he
- 13:28Speaker 2: told her anyway. Okay, but now he goes and looks
- 13:32Speaker 2: up where her street is.
- 13:33Speaker 4: Mm-hmm.
- 13:35Speaker 2: You know, I just, you know, I'm just, listen, he's
- 13:39Speaker 2: an okay caller. I don't think he's anything next to
- 13:43Speaker 2: Alec or Frank or Rich, but he's got to. He'll
- 13:48Speaker 2: never be a county commissioner with that type of, you know,
- 13:51Speaker 2: if you can't stand the heat, get out of the kitchen, dude.
- 13:53Speaker 2: My God, if he was Geno, he would have been
- 13:55Speaker 2: crying already by now. The way we beat up Geno.
- 14:00Speaker 1: Listen, live and learn and move on from it. Let's
- 14:05Speaker 1: have a certain degree of decorum. I mean, it takes
- 14:11Speaker 1: two to tango. She should not have said some of
- 14:14Speaker 1: the things that she said towards him and said, And
- 14:17Speaker 1: I'm going to take that as constructive criticism from my standpoint.
- 14:21Speaker 1: And I'm just not going to allow it. I'm not
- 14:23Speaker 1: going to allow it. And the people who get it
- 14:26Speaker 1: the most, I'll set those two aside because really they
- 14:30Speaker 1: will correct their behavior. And I will say the part
- 14:36Speaker 1: that always disturbed me more than anything was when people
- 14:39Speaker 1: personally would attack J.J. the liberal. Because JJ's entitled, it
- 14:43Speaker 1: doesn't matter whether I agree or disagree with him, he's
- 14:45Speaker 1: entitled to his thoughts and his beliefs and his views
- 14:50Speaker 1: and to express those. And you have people like, oh,
- 14:54Speaker 1: they hate him because he doesn't agree with their views. Well,
- 14:58Speaker 1: it is America. People have different views based on their perspective,
- 15:02Speaker 1: their economic situation, and what's going on in their life.
- 15:06Speaker 1: And that's okay with me. Well, you know, Ron, this.
- 15:09Speaker 2: Goes back further than... before she said that about him.
- 15:13Speaker 1: Right. Well, I don't want to dwell on it. I
- 15:16Speaker 1: just don't want to go on.
- 15:18Speaker 3: Right.
- 15:19Speaker 1: I don't want to go on dwelling on it. I
- 15:20Speaker 1: want to move on from it. You know, I'm not
- 15:22Speaker 1: going to, I'm not going to bring it up with Ted.
- 15:25Speaker 1: I'm not going to bring it up with her. I'm
- 15:26Speaker 1: not going to discuss it further. It's just going to be,
- 15:30Speaker 1: you got, you got something to add to the program
- 15:32Speaker 1: and say there are no personal attacks. Okay.
- 15:35Speaker 5: Good.
- 15:35Speaker 1: Thanks. And.com slash rules. Youngstown's news, weather, and talk station,
- 15:44Speaker 1: 570 WKBN. And Ron Verb from the Kingdom of Mahoning
- 15:48Speaker 1: on NewsRadio 570 WKBN, and you're on the air.
- 15:51Speaker 4: Hello.
- 15:51Speaker 3: Can you come back to me?
- 15:55Speaker 1: I'm coming back to you.
- 15:57Speaker 3: Thank you.
- 15:58Speaker 1: You're welcome.
- 16:02Speaker 6: Hello?
- 16:05Speaker 1: Oh, can I?
- 16:05Speaker 2: Can you just come back? I'm sorry, can you come back?
- 16:07Speaker 1: Yes, I'll come back to you. You're on the air.
- 16:10Speaker 6: Yes.
- 16:11Speaker 7: I just choked on a piece of coconut.
- 16:17Speaker 1: Well, really, do you want me to get over to
- 16:19Speaker 1: your house and Heimlich you? No, no. I'll be there,
- 16:24Speaker 1: and I'll Heimlich you and save your life. As long
- 16:28Speaker 1: as I can do it during a commercial break. I've
- 16:30Speaker 1: got to get to your place and back in five
- 16:32Speaker 1: minutes or less.
- 16:32Speaker 7: I'm too far away anyway.
- 16:34Speaker 1: And you're a walking dead man.
- 16:36Speaker 3: Yeah, I am.
- 16:37Speaker 5: I mean, I..
- 16:39Speaker 7: I'm going in for heart surgery here pretty soon.
- 16:43Speaker 4: But anyway.
- 16:43Speaker 1: How old are you?
- 16:44Speaker 4: I'm almost 80.
- 16:47Speaker 1: 80 years old. All right.
- 16:49Speaker 6: Yeah.
- 16:50Speaker 1: What do they got to do? Bypass or just stents?
- 16:56Speaker 4: Well, they're not sure until they do exploratory, but probably
- 17:00Speaker 4: a new valve, a new flapper.
- 17:03Speaker 1: What's your symptoms? Okay.
- 17:09Speaker 4: Too many to list.
- 17:11Speaker 1: There you go. Well, good luck to you at 80
- 17:14Speaker 1: years old.
- 17:15Speaker 4: Well, anyway, and I still work. But, you know, all
- 17:19Speaker 4: these people that are complaining about gas prices and everything
- 17:26Speaker 4: that's going on right now.
- 17:29Speaker 3: I was here.
- 17:30Speaker 7: I built a home during Jimmy Carter's years.
- 17:35Speaker 1: Oh, yeah.
- 17:36Speaker 5: And..
- 17:38Speaker 7: Gas prices.
- 17:39Speaker 5: Jumped overnight 50%.
- 17:42Speaker 4: That's if you could get it.
- 17:46Speaker 7: We used to have to wait in line, and you
- 17:49Speaker 7: could only get so much.
- 17:51Speaker 1: Right. Listen, I know interest rates were extremely high.
- 17:54Speaker 2: Oh, 18%.
- 17:55Speaker 1: But that doesn't make it acceptable.
- 17:58Speaker 4: We went over budget by $ 7, 000. And I went..
- 18:07Speaker 7: To get an extension on a loan, mortgage rate 18%.
- 18:11Speaker 5: Right.
- 18:12Speaker 4: So I had to sell.
- 18:15Speaker 5: I had to sell because I couldn't afford it.
- 18:20Speaker 7: But, you know, a lot of the problems that.
- 18:25Speaker 5: We're dealing with now have all been caused by other administrations.
- 18:31Speaker 7: And the thing is that..
- 18:35Speaker 4: As far as the economy is.
- 18:37Speaker 5: Concerned, I blame the American people themselves. You know, when
- 18:44Speaker 5: my grandparents came to this country from Czechoslovakia, even up
- 18:51Speaker 5: until the old age.
- 18:52Speaker 4: Until they passed, if they went to buy something, if
- 18:57Speaker 4: it didn't say..
- 19:00Speaker 7: Made in USA on it. It was put back on
- 19:03Speaker 7: the shelf.
- 19:04Speaker 1: Stand by for a minute. Stand by, old-timer. I'll get
- 19:06Speaker 1: back to you in a minute. News Radio 570 WKBN
- 19:09Speaker 1: and Ron Furb, back in a minute. News Radio 570 WKBN.
- 19:14Speaker 2: All right.
- 19:15Speaker 1: Let me go right back to you, old-timer. Listen, with
- 19:17Speaker 1: all due respect, I don't live in the past like
- 19:19Speaker 1: a lot of people do. I lived through those days
- 19:21Speaker 1: like you did. And I could sit here and say
- 19:25Speaker 1: people that are bellyaching about 6% interest rates on home loans,
- 19:29Speaker 1: I refinanced to get down to 6%. We thought 6%
- 19:33Speaker 1: was a pretty good rate because– You're correct. We were
- 19:36Speaker 1: having 13%, 12%, 11%, 10% interest rates that was taking place.
- 19:42Speaker 1: I mean, there are many variables on how much you
- 19:45Speaker 1: made and the inflation, how much a house actually cost.
- 19:50Speaker 1: versus what it costs today and the inflation. There's a
- 19:52Speaker 1: lot of variables there. So I don't know how comparable
- 19:55Speaker 1: any of that is, but we were happy to get
- 19:57Speaker 1: it down to a 6% rate. But that was then
- 20:01Speaker 1: and this is now. All I can say to you, though,
- 20:04Speaker 1: and I want to say, let me say this to you.
- 20:08Speaker 1: There is nothing good going on. Economically, I think the
- 20:11Speaker 1: economy is in a difficult situation right now. So I
- 20:14Speaker 1: don't care about Jimmy Carter. I lived it. I don't
- 20:17Speaker 1: compare it to today because a lot of things have
- 20:20Speaker 1: changed since then to today. It's difficult today for young
- 20:26Speaker 1: people to buy a home because of the inflated price
- 20:28Speaker 1: of them, because of the burden of property taxes on
- 20:32Speaker 1: top of the interest rate when you're financing that much
- 20:36Speaker 1: more money. And it's more difficult to put 20 percent down.
- 20:40Speaker 1: Five dollar gasoline. I don't give a damn how anybody
- 20:43Speaker 1: tries to justify it. I'm here to tell you I
- 20:46Speaker 1: would be complaining about it if Biden was president. And
- 20:50Speaker 1: I'm not going to sit here and not complain about
- 20:52Speaker 1: it because Trump is president. It is devastating the economy.
- 20:56Speaker 1: And I go back to say, if this war didn't happen,
- 20:59Speaker 1: where do you think the economy would be when we
- 21:01Speaker 1: were at about 250 a gallon and all the economic
- 21:04Speaker 1: indicators weren't a good place? I think the economy would
- 21:06Speaker 1: be a much better place and all of our finances
- 21:10Speaker 1: would be in a better place. I don't think the
- 21:12Speaker 1: economy right now is in a good place at all.
- 21:15Speaker 1: And I think a lot of people are struggling because
- 21:18Speaker 1: of that. Property taxes are too high. Electric rates have doubled.
- 21:23Speaker 1: Natural gas prices are too high. Now you throw gasoline
- 21:27Speaker 1: on top of that and the effect that it has
- 21:30Speaker 1: on everything else that comes from it. and the prices
- 21:33Speaker 1: that are going up. So I don't care about Jimmy Carter.
- 21:37Speaker 1: I deal with the here and now.
- 21:38Speaker 7: I realize that, and I don't either.
- 21:42Speaker 5: You lived through it, and you dealt with it. But
- 21:45Speaker 5: what I'm saying is all the problems we're having today
- 21:49Speaker 5: are because of other administrations all the way down. Iran,
- 21:56Speaker 5: something could have been done with them four presidents ago,
- 22:00Speaker 5: five presidents ago.
- 22:02Speaker 6: And nothing.
- 22:03Speaker 2: Now it comes down to.
- 22:05Speaker 7: Where it may be critical.
- 22:07Speaker 5: We don't know everything that the administration knows and Trump knows.
- 22:14Speaker 4: I mean, there's no way for us to know that.
- 22:17Speaker 4: But they had to be dealt with at some point.
- 22:21Speaker 6: And the thing is, as far as the economy is concerned,
- 22:26Speaker 6: it wouldn't be in a the problem that we have
- 22:30Speaker 6: with it if people wouldn't have bought Chinese products.
- 22:35Speaker 1: Well, that's easy to say, but a lot of stuff
- 22:37Speaker 1: is made in China, and it's not made in America
- 22:40Speaker 1: anymore these days.
- 22:41Speaker 7: If you never bought it to begin with, it wouldn't.
- 22:44Speaker 2: Be being sold.
- 22:44Speaker 1: Well, not necessarily. There's many arguments that are made for
- 22:50Speaker 1: foreign products that people say... Listen, I can go back
- 22:55Speaker 1: with you and remember when American cars were just pieces
- 22:58Speaker 1: of crap that would rust out. And the American car
- 23:01Speaker 1: industry changed because of Japanese cars. Because of how satisfied
- 23:06Speaker 1: people were with Toyota and Honda and how dependable they were.
- 23:10Speaker 1: It made the American auto industry much better. Because the
- 23:13Speaker 1: American auto industry acknowledged... that once you switch to those brands,
- 23:17Speaker 1: they could never get you to come back, so they
- 23:19Speaker 1: had to step up their game. So competition isn't necessarily
- 23:24Speaker 1: a bad thing. Some economists argue that if you buy
- 23:26Speaker 1: something that costs you less because of competition, you have
- 23:30Speaker 1: more money in your pocket to buy other stuff or
- 23:33Speaker 1: to have a better lifestyle.
- 23:34Speaker 4: Well, the only problem is it puts your neighbor out
- 23:37Speaker 4: of work.
- 23:38Speaker 1: That is true. So less people working, less.
- 23:40Speaker 4: People paying into the tax structure.
- 23:42Speaker 1: That is true. That is absolutely true. There's two sides
- 23:47Speaker 1: to every story, to say the least. But there's arguments
- 23:52Speaker 1: that can be made on both sides. Listen, I'm for
- 23:55Speaker 1: trade on an even playing field. I say a million times,
- 24:00Speaker 1: we cannot compete with slave wage nations at all. We
- 24:04Speaker 1: can't compete with India and China and Vietnam and this
- 24:08Speaker 1: kind of stuff.
- 24:09Speaker 6: But..
- 24:11Speaker 1: The other economist would argue to you, they would say, well,
- 24:16Speaker 1: if we didn't have that coming in, how much would
- 24:19Speaker 1: you be paying for a T-shirt or a pair of shorts?
- 24:22Speaker 1: It could be astronomically more. Or even as expensive as
- 24:25Speaker 1: your iPhone is, how much more would it cost if
- 24:29Speaker 1: we didn't have those options?
- 24:31Speaker 5: Probably not much more.
- 24:33Speaker 1: I don't know. I do think that people would think,
- 24:37Speaker 1: minimum wage should be $ 15 an hour, and it's pretty
- 24:39Speaker 1: much there. The marketplace has driven it up there. Well,
- 24:42Speaker 1: does that not also say the person that's running the
- 24:45Speaker 1: facility has to raise their price? So if I'm paying
- 24:49Speaker 1: you more, I got to raise prices to cover the
- 24:53Speaker 1: cost of your wages. And if inflation goes up, everybody's
- 24:57Speaker 1: got to charge more. I mean, it just... Inflation is
- 25:01Speaker 1: a big problem. I go back to say this economy
- 25:05Speaker 1: was soaring.
- 25:06Speaker 4: People working in the workplace.
- 25:08Speaker 1: Well, there's going to be even less of them with AI.
- 25:12Speaker 4: Well, I'm not.
- 25:14Speaker 1: Right. You're 80 years older.
- 25:15Speaker 4: 100%.
- 25:17Speaker 1: You think about A1. All right, old-timer. Stay healthy. I
- 25:20Speaker 1: appreciate it. You're on the air.
- 25:22Speaker 3: Hey, Ron, you did a great job telling that caller,
- 25:28Speaker 3: don't blame the economy on China.
- 25:31Speaker 1: Not now. The current economy that's going on right now,
- 25:36Speaker 1: and the problems are solely as a result, in large
- 25:39Speaker 1: part due to the situation with the war in Iran,
- 25:43Speaker 1: I should say.
- 25:44Speaker 3: Well, you know when you send low-paying jobs to China,
- 25:49Speaker 3: you create higher-paying import jobs in America. So maybe his
- 25:54Speaker 3: neighbor was out of work, but his neighbor should... improve
- 25:58Speaker 3: his skills, and get a higher-paying job because he'll have
- 26:02Speaker 3: more opportunities.
- 26:04Speaker 1: Well, I don't want to get into all of this.
- 26:06Speaker 1: I said a million times the best social program is
- 26:09Speaker 1: a good job, but the reality is you can't fight technology.
- 26:15Speaker 1: AI is going to replace a lot of white-collar jobs,
- 26:18Speaker 1: and there's not much you're going to be able to
- 26:19Speaker 1: do about it other than figure out what to retrain
- 26:24Speaker 1: and what to go do. and adjust to it as
- 26:27Speaker 1: time goes on. You're going to have to make an adjustment.
- 26:31Speaker 3: Well, the Chinese economy is doing great. All my Chinese
- 26:35Speaker 3: stocks and Asian stocks are going way up. And China's
- 26:44Speaker 3: economy is going strong.
- 26:46Speaker 1: Well, I don't know that it's going strong. Some of
- 26:48Speaker 1: what I happen to see doesn't necessarily indicate that. China's
- 26:52Speaker 1: economy is directly related to the American economy, too. We
- 26:56Speaker 1: are their biggest consumer of goods. So they need a
- 27:00Speaker 1: decent economy in the United States of America. Listen, I
- 27:04Speaker 1: will say I don't believe the economy in general is
- 27:07Speaker 1: in the United States of America. I don't at the
- 27:10Speaker 1: present time think the economy is doing very well at all.
- 27:13Speaker 1: I think that we have serious economic problems as we
- 27:16Speaker 1: speak today. And I don't make excuses for it. I'd
- 27:20Speaker 1: be just as critical if Biden was doing this. Trump,
- 27:23Speaker 1: it doesn't matter to me whether they're Republicans or Democrats.
- 27:27Speaker 1: There are serious issues with inflation that are going on
- 27:30Speaker 1: in America and continue to get worse. and energy prices.
- 27:34Speaker 1: You tell me, Frank, if we continue to have people's
- 27:37Speaker 1: property taxes go up, if we continue to double the
- 27:41Speaker 1: charge for electricity, natural gas rates are still high, gasoline
- 27:47Speaker 1: now at $ 5 a gallon, and when you take a
- 27:50Speaker 1: look at diesel fuel and the inflation that comes from
- 27:53Speaker 1: passing those costs on, And the increases that go on,
- 27:57Speaker 1: is that an economy in the United States of America
- 28:00Speaker 1: that's in good shape right now? And I don't think
- 28:02Speaker 1: it is.
- 28:04Speaker 3: Well, you're correct. China is dependent on the American economy.
- 28:09Speaker 3: The American economy is dependent on China. But we're in
- 28:13Speaker 3: a global economy now. Everybody's dependent on everybody else. And
- 28:19Speaker 3: right now, this war in Iran... is doing damage to
- 28:24Speaker 3: the global economy.
- 28:25Speaker 1: Amen.
- 28:26Speaker 3: Except for Asia. Like I said before, when all the
- 28:33Speaker 3: Persian Gulf countries had their oil infrastructure destroyed, all that
- 28:40Speaker 3: cash they had didn't go to America anymore. It's now
- 28:45Speaker 3: first has started flowing towards Thailand, and now it's going
- 28:49Speaker 3: to Hong Kong. That's probably the main reason why all
- 28:53Speaker 3: my Chinese stocks and mutual funds are just soaring, while
- 28:57Speaker 3: the American stock market is pretty much staying the same. Now,
- 29:02Speaker 3: NASDAQ and the S & P are at all-time record
- 29:06Speaker 3: highs today. And here's the news. Dow up nearly 400
- 29:12Speaker 3: points as oil pulls back. Well, you know, Ron, oil
- 29:18Speaker 3: may be pulling back, but... There's also another report that
- 29:22Speaker 3: says Trump wants to get out of this war, but
- 29:27Speaker 3: he says we're going to have to keep this war
- 29:30Speaker 3: going longer. The longer this war goes on, the more
- 29:34Speaker 3: damage we're going to have to the American economy. And
- 29:38Speaker 3: you know, the thing is, the United States only gets 6%
- 29:43Speaker 3: of their oil from the Persian Gulf. I want to
- 29:46Speaker 3: tell that previous caller, it's not previous administrations and it's
- 29:52Speaker 3: not Iran putting sanctions on our oil. it's because the
- 29:58Speaker 3: Federal Reserve continues to print money out of thin air.
- 30:02Speaker 3: You know, prices are not going to go down until
- 30:05Speaker 3: the Federal Reserve contracts, does a contraction of the money supply.
- 30:11Speaker 3: That's what most people don't understand. You know, we're a
- 30:15Speaker 3: nation of economic functional alerts, and I can understand because
- 30:20Speaker 3: We don't teach people economics in high school or college.
- 30:25Speaker 3: I would start teaching people economics in second or third grade.
- 30:29Speaker 3: When me and you went to school, didn't we have
- 30:31Speaker 3: to open a bank account and get our parents to
- 30:34Speaker 3: give us a dollar to open an account and learn
- 30:36Speaker 3: how to, you know, use a passbook, checkbook, and a
- 30:40Speaker 3: savings account? I think that was very smart.
- 30:44Speaker 1: Right.
- 30:44Speaker 3: They get that type of education.
- 30:48Speaker 5: Right.
- 30:48Speaker 1: I was just reading this prior to going on. I
- 30:55Speaker 1: pass this along to you. Let me find it here.
- 31:00Speaker 1: Frank could get this. Gary Schilling, the legendary forecaster known
- 31:05Speaker 1: for his bearish accuracy in being fired from Merrill Lynch
- 31:09Speaker 1: for predicting the 1969-1970 recession, is sounding the alarm on
- 31:11Speaker 1: a 2026 economic collapse. In a recent interview with Business Insider,
- 31:19Speaker 1: Schilling warned that a U.S. recession is almost inevitable by
- 31:23Speaker 1: year end, driven by a frozen housing market, corporate investment indicators,
- 31:28Speaker 1: and a weakening consumer base. Stocks are very expensive, and
- 31:32Speaker 1: there probably is a major correction coming somewhere in the
- 31:37Speaker 1: relatively near future, Schilling said. A decline of 20 or
- 31:41Speaker 1: 30 percent is no big deal by historical standards, so
- 31:44Speaker 1: I would say that's probably in the cards. I sort
- 31:47Speaker 1: of made a career looking for these hidden flaws, and
- 31:49Speaker 1: I don't see anything right now that is just screaming
- 31:53Speaker 1: for a big sell-off, but that doesn't mean it isn't there,
- 31:56Speaker 1: he added. Across America, real estate buyers and sellers have
- 32:00Speaker 1: been reluctant to make moves as interest rates remain elevated
- 32:04Speaker 1: and mortgage loan rates slowly tick down. There is also
- 32:07Speaker 1: a lack of affordable inventory and reports of rising foreclosures
- 32:11Speaker 1: signaling homeowners continue to get squeezed. Schilling also pointed to
- 32:15Speaker 1: what he described as a collapse in capital expenditures or
- 32:19Speaker 1: large investments that companies expect will last for years and
- 32:23Speaker 1: boost overall future values. Business Insider cited that broader capital
- 32:27Speaker 1: expenditures grew just 3.9% by the end of 2025 compared
- 32:32Speaker 1: with a pandemic peak of 24% cap growth. The Economist
- 32:36Speaker 1: spotlighted the state of the U.S. consumer as the third
- 32:39Speaker 1: pillar leading to a recession with the Federal Reserve preferred
- 32:43Speaker 1: inflation gauge remaining stubbornly high in March, going up 0.7%
- 32:49Speaker 1: month over month and up to 3.5% from a year ago.
- 32:53Speaker 1: When it comes to economic solutions, Schilling said a downturn
- 32:57Speaker 1: could be prevented by fiscal stimulus or strengthening consumers, both
- 33:02Speaker 1: of which he thinks are unlikely. That's really on very
- 33:06Speaker 1: thin ice in terms of income. in terms of people's
- 33:12Speaker 1: willingness to spend. Other economists appear divided on economic outlook
- 33:17Speaker 1: for 2026. BNY Wealth, head of investment strategies and equities,
- 33:23Speaker 1: Alicia Levin, said no recession is coming on making money.
- 33:26Speaker 1: With Charlie Payne last month, around the same time, billionaire
- 33:29Speaker 1: investor Leon Cooperman told Fox Business' Liz Klayman, that the U.S.
- 33:34Speaker 1: is heading toward a recession. My own view is there's
- 33:37Speaker 1: a lot of problems out there. The market's too highly valued. Well,
- 33:40Speaker 1: I could go on reading this. I was just reading
- 33:42Speaker 1: that prior to going on the air from these different
- 33:45Speaker 1: economic gurus. But it's simple math, and I put this
- 33:48Speaker 1: out there for everybody. You can't double somebody's electric rate.
- 33:52Speaker 1: You can't go from 4.5 to 9. The cost of
- 33:58Speaker 1: electricity is doubled. The cost of natural gas remains high.
- 34:02Speaker 1: The interest rates are people consider to be high at
- 34:07Speaker 1: six and a half percent. Housing prices are still inflated
- 34:12Speaker 1: to a large extent. And the burden of property taxes
- 34:16Speaker 1: and the inflation on groceries and everything else, insurance, you
- 34:19Speaker 1: name it. You can't have all of that stuff up
- 34:22Speaker 1: and think that. We're a consumer-based economy, that that's not
- 34:26Speaker 1: going to have an effect on the economy. If you
- 34:28Speaker 1: think it's not, then you've got blinders on. People only
- 34:32Speaker 1: have so much money.
- 34:34Speaker 3: Well, I'm glad you read that, because I agree. And
- 34:38Speaker 3: I want to say to that previous caller, investment capital
- 34:43Speaker 3: will always seek the lowest cost of production anywhere in
- 34:48Speaker 3: the world. And if you try to do like Rich
- 34:50Speaker 3: the pharmacist saying, oh, I want to create a law,
- 34:54Speaker 3: where you can't export oil or anything, you're just going
- 34:58Speaker 3: to ask for smuggling.
- 35:00Speaker 1: Well, I don't know. We did have a law against that.
- 35:03Speaker 1: Then we changed the law. I mean, sometimes you've got
- 35:06Speaker 1: to look at America from an American first standpoint. All
- 35:09Speaker 1: I'm trying to say is, and a lot of the
- 35:11Speaker 1: Trumpsters get upset with this, think of how much better
- 35:14Speaker 1: off all of us would have been, economically speaking, if
- 35:17Speaker 1: this war would have never happened. Inflation was going down.
- 35:22Speaker 1: The economic indicators were in a much better place. Gas
- 35:25Speaker 1: prices were down about $ 2. 50 a gallon. The economic indicators
- 35:29Speaker 1: were going in the right direction. That's been basically erased
- 35:33Speaker 1: by this. And we shall see how long this goes
- 35:37Speaker 1: on and how long people can tolerate this increase. And
- 35:42Speaker 1: that's not to say, as I like to emphasize, that
- 35:45Speaker 1: Kamala Harris or Biden or any Democrat would be a
- 35:48Speaker 1: better choice. Hang on, Frank. I'll get back to him
- 35:51Speaker 1: and more of your calls straight ahead. We're on from
- 35:55Speaker 1: the Kingdom of Mahoning. Frank, let me ask you some
- 35:57Speaker 1: quick questions. Give me a yes or no answer. I'm
- 36:00Speaker 1: not optimistic on the American economy for the reasons I stated.
- 36:03Speaker 1: Energy costs too much. The huge and continuing growing debt
- 36:07Speaker 1: and deficits of the country. The burden of taxes. And
- 36:13Speaker 1: I'm not optimistic where our economy is in our country
- 36:17Speaker 1: at the present time. Are you? Yes or no?
- 36:21Speaker 3: I'm not optimistic. And Peter Schiff says rising oil prices
- 36:26Speaker 3: are not inflationary. They are recessionary, and Ron, I think
- 36:30Speaker 3: we might already be in recession, but the feds might
- 36:35Speaker 3: be manipulating the numbers because two quarters of negative economic
- 36:40Speaker 3: growth is the definition of recession.
- 36:43Speaker 1: All right, follow-up quick question before I get a break
- 36:46Speaker 1: from my headlines. I think the economy would be in
- 36:48Speaker 1: a much better place had he never got to start
- 36:50Speaker 1: this war in the first place. Would you agree with
- 36:52Speaker 1: that or not?
- 36:54Speaker 3: Oh, definitely, and as long as we continue bombing Iranian
- 36:59Speaker 3: oil wells, once they cap those wells, oil droplets seep in.
- 37:05Speaker 3: I got a break.
- 37:12Speaker 8: From ABC News, I'm Chuck Sievertson. Surveys of fuel pump
- 37:16Speaker 8: numbers show gasoline prices are now the highest since July 2022.
- 37:20Speaker 1: $ 4.
- 37:20Speaker 8: 50 a gallon for a national average. ABC's Karen Travers
- 37:25Speaker 8: at the White House.
- 37:26Speaker 9: We have heard the president say repeatedly that as soon
- 37:28Speaker 9: as the war ends, gas prices are going to come
- 37:31Speaker 9: plummeting right back down to.
- 37:32Speaker 8: Where they were before the war started.
- 37:35Speaker 9: But experts and analysts continue to say that is just
- 37:38Speaker 9: not going to happen as quickly as he is saying.
- 37:40Speaker 9: It's going to take time for all of this to
- 37:42Speaker 9: snap back after how much this has been impacted because
- 37:45Speaker 9: of what's going on in the Strait of Hormuz. So
- 37:47Speaker 9: even if the president says this week the war is over,
- 37:50Speaker 9: we're not likely to see gas prices go down for
- 37:53Speaker 9: some time.
- 37:53Speaker 8: ABC's Karen Travers.
- 37:55Speaker 1: The U.S.
- 37:55Speaker 8: Military, under what officials call Project Freedom, is ensuring safe
- 37:59Speaker 8: passage of commercial ships through the Strait of Hormuz. No
- 38:02Speaker 8: word yet how many shipping companies and their insurance carriers
- 38:06Speaker 8: will agree to it. Secretary of State Rubio announcing that
- 38:09Speaker 8: the U.S. would forward a new draft resolution before the U.N.
- 38:13Speaker 8: Security Council to defend freedom of navigation in the Strait
- 38:17Speaker 8: of Hormuz.
- 38:17Speaker 10: There is no scenario here in which if they decide
- 38:21Speaker 10: to join a ladder of escalation, they wind up getting
- 38:23Speaker 10: the last say. But our preference is for these straits
- 38:26Speaker 10: to be opened to the way they're supposed to be opened,
- 38:29Speaker 10: back to the way it was. Anyone can use it.
- 38:31Speaker 10: No mines in the water. Nobody paying tolls. That's what
- 38:34Speaker 10: we have to get back to, and that's the goal here.
- 38:36Speaker 8: To lower gasoline prices, Kentucky Governor Andy Beshear says he
- 38:40Speaker 8: plans to keep the state gas tax at its current rate,
- 38:43Speaker 8: stopping a small increase set for July. Isolating in their cabins,
- 38:47Speaker 8: 150 passengers and crew on a Dutch cruise ship anchored
- 38:51Speaker 8: off the coast of West Africa. Three passengers have died.
- 38:54Speaker 8: At least four others are sick. Health officials say it's
- 38:56Speaker 8: from hantavirus, usually spread by inhaling contaminated rodent droppings. Medical
- 39:01Speaker 8: teams have just finished assessing three patients on board before
- 39:05Speaker 8: evacuations as the World Health Organization. You're listening to ABC News.