Latest / First Thing Today with Joe Thomas / "You Don't Know Jack Sh..mith" (Friday, January 23, 2026, Hour 2)

Transcript

"You Don't Know Jack Sh..mith" (Friday, January 23, 2026, Hour 2) · First Thing Today with Joe Thomas

0:02
Speaker 1: On your to do list. Putting the radio on is
0:04
Speaker 1: the first thing today.
0:06
Speaker 2: Everybody wants to be a part of it.
0:08
Speaker 3: George said, steal me stem you have a day at
0:13
Speaker 3: least for work.
0:13
Speaker 4: When the sun comes up, drops a pet scoop.
0:18
Speaker 3: Joe has everything agenda. All the Joses said, he needs.
0:23
Speaker 5: No one that Joe's smiled.
0:25
Speaker 4: He on the egsp.
0:29
Speaker 6: Let me be, Joe, thank you for letting me be
0:32
Speaker 6: of service to.
0:33
Speaker 1: You this morning.
0:34
Speaker 7: I want to be.
0:35
Speaker 6: You can tell you what went on, to tell you
0:38
Speaker 6: what I think of it, but mostly I want to
0:39
Speaker 6: hear how it's impacting you. We were talking about this
0:42
Speaker 6: American Dream Act. Joel was on the phone with us
0:45
Speaker 6: at four three four eight eight two four two one
0:48
Speaker 6: seven about homeownership.
0:50
Speaker 8: I'm not a homeowner, but Mexico and along with other
0:55
Speaker 8: countries I just mentioned China, has been doing the slow
0:59
Speaker 8: crawl on trying to, you know, take over things in
1:03
Speaker 8: America and shine bound the president in there in her
1:10
Speaker 8: I don't know what you call it. An anthem. In
1:11
Speaker 8: their music, they have a I guess a song to
1:15
Speaker 8: take back from the Mexican American War. I guess the
1:19
Speaker 8: one from a Yeah, and they want to take over.
1:23
Speaker 8: They want to reclaim California and Nevada, Utah, New Mexico, Arizona, Colorado.
1:27
Speaker 8: But we we've seen that with the invasion, the allowing
1:30
Speaker 8: of people coming in and the leftists, the leftists don't
1:36
Speaker 8: don't care about it, you know, because they wanted voters.
1:39
Speaker 8: They wanted as you would say, the slavery, the Confederate War,
1:44
Speaker 8: the you know, the Civil War that never.
1:46
Speaker 6: Ended, a permanent underclass, cutting your alms, making our sandwiches.
1:53
Speaker 8: And it's almost like doctor Clarkole relate to this. Alligators
1:57
Speaker 8: and crocodiles, certain lizards and animals have what's called a
2:00
Speaker 8: nictitating membrane that covers their eyes to protect it. And
2:04
Speaker 8: it's it's as if you if you put your hand
2:07
Speaker 8: on their eye, it will cover it like a shield. Right,
2:09
Speaker 8: So where are all these people with their brain, if
2:12
Speaker 8: they have a brain or thinking that that making America
2:17
Speaker 8: communists or Marxists and allowing other groups like Islamic Islamic
2:22
Speaker 8: groups to come in and take over churches and properties,
2:25
Speaker 8: just like China and Mexico. Where where's their thinking on
2:29
Speaker 8: the betterment of America. I mean, it's like total destructions,
2:32
Speaker 8: Like we live in a as we would say the Twilights.
2:36
Speaker 6: It is and this is one of the things that
2:39
Speaker 6: this American Dream Act does. In President Trump has talked
2:42
Speaker 6: about UH Number one, getting American companies out of home ownership,
2:47
Speaker 6: like Black Rock and they have all the different investment
2:52
Speaker 6: portfolios and things like that, and there's some controversy about that.
2:56
Speaker 6: People are like, well, what who gives here the right?
2:59
Speaker 6: I have a company, I can buy whatever I want
3:01
Speaker 6: with my company. And I think what we need to
3:04
Speaker 6: look at is how you walk the tightrope, because if
3:10
Speaker 6: you're buying property off of the market, and the controversy
3:14
Speaker 6: in this is that the the rental property market is
3:22
Speaker 6: a hard market to work in. And so when these
3:25
Speaker 6: companies come in and say we'll buy this, if you
3:29
Speaker 6: stop them from buying up houses and putting them on
3:31
Speaker 6: the rental market, are you actually making housing less affordable
3:37
Speaker 6: by reducing the amount of rental property available, Because that's
3:41
Speaker 6: the other part of this. It It's sort of like
3:44
Speaker 6: Doge when Dose started cutting bureaucrats, but Congress hadn't finished
3:50
Speaker 6: cutting the bureaucracy laws. What we wound up with is
3:54
Speaker 6: the chaos that the Democrats want. They want to be
3:57
Speaker 6: able to point to Oh, look all they fired all bureaucrats,
4:00
Speaker 6: but you know Americans still need those bureaucrats to approve there, this,
4:04
Speaker 6: that or the other thing. So that's the process that
4:09
Speaker 6: has to go on, is that we need to do
4:11
Speaker 6: it in the right order. We need to make sure
4:13
Speaker 6: there are places for people who can rent property, but
4:17
Speaker 6: we also need to make sure that the economy is
4:19
Speaker 6: vibrant enough so that even somebody who's working at a
4:24
Speaker 6: fast food restaurant as a manager can buy a home.
4:28
Speaker 6: And that's not happening right now. Joel, I appreciate it,
4:31
Speaker 6: my friend. You have a great morning. Good luck with.
4:33
Speaker 8: Your decisions, Joe, thank you.
4:37
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Speaker 6: brought to now defunct criminal cases against Donald Trump, was
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Speaker 6: on Capitol Hill Thursday defending his decisions. Quote, I am
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Speaker 6: not a politician and I have no partisan loyalties. My
5:04
Speaker 6: career has been dedicated to serving our country and upholding
5:08
Speaker 6: the rule of law. US Military Aircraft Carrier Strike Group
5:13
Speaker 6: following the USS Abraham Lincoln into the Middle East from
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Speaker 6: the Pacific Rim yesterday as tensions between the United States
5:22
Speaker 6: and Iran continue, but also the new Peace Board was
5:28
Speaker 6: sat yesterday in Davos. House Republicans defeated a resolution Thursday
5:34
Speaker 6: that would have barred President Trump from further military action
5:38
Speaker 6: in Venezuela without the authorization of Congress. President Trump, as
5:43
Speaker 6: I mentioned, now, officially sat the Board of Peace, signing
5:48
Speaker 6: the charter of the new international body. During the ceremony
5:52
Speaker 6: in Davos, Trump sat at a table at the front
5:56
Speaker 6: of the stage as officials from Bahrain and Morocco were
6:00
Speaker 6: invited forward twenty other leaders. Following the signing of the document.
6:05
Speaker 6: Britain has turned down the United States invitation and the
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Speaker 6: Canadian government has had their invitation rejected or rescinded. Pardon me.
6:17
Speaker 6: Louisiana State Congresswoman Julia let Low from the fifth District
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Speaker 6: has entered the race to unseat Republican incumbent Bill Cassidy.
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Speaker 6: Let Low is endorsed by President Trump and has caused
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Speaker 1: The question amaze your friends here in First Thing today
13:15
Speaker 1: by Joe Thomas, the FBI a QM production.
13:25
Speaker 6: So yesterday you don't know Jack Smith was on the
13:30
Speaker 6: quote unquote hot seat. And I think when you asked
13:34
Speaker 6: the question how come nobody ever gets walked out of
13:37
Speaker 6: these places and leg irons. This interaction with Jim Jordan
13:42
Speaker 6: on confidential informants seems to me. And Jim Jordan's a lawyer,
13:48
Speaker 6: I am not, so he knows what he was trying
13:51
Speaker 6: to establish. I want to I want to know how
13:54
Speaker 6: much of that thirty five million dollars in taxpayer money
13:58
Speaker 6: did you give to confidence human sources. Jordan asked, we
14:03
Speaker 6: know you gave twenty thousand dollars to someone. Smith said
14:07
Speaker 6: the twenty thousand dollars was payment from the FBI confidential
14:11
Speaker 6: source that he approved my recollection regarding the twenty thousand dollars,
14:16
Speaker 6: which is not a payment for me. I was approved
14:19
Speaker 6: a payment by the FBI to a confidential human source
14:22
Speaker 6: who was reviewing video and photography. So hold on a
14:27
Speaker 6: second here, if there are confidential human source, why are
14:31
Speaker 6: they reviewing video and photography? I thought these were the
14:35
Speaker 6: people who actually had first hand knowledge of it. But
14:39
Speaker 6: you see, I'm not on the committee to ask these questions.
14:46
Speaker 6: Isn't somebody you just paid a review video and photographic
14:53
Speaker 6: footage just a paralegal? Don't you already have those? Because
15:02
Speaker 6: to me and maybe to you, a confidential informant is
15:07
Speaker 6: someone who knows something, maybe maybe they are a plant,
15:11
Speaker 6: maybe you are paying them to get into something. But
15:18
Speaker 6: if this confidential informant was paid twenty thousand dollars to
15:23
Speaker 6: review video footage, what are they what are they informing on?
15:29
Speaker 6: They're just a video forensics expert. Why don't you just
15:32
Speaker 6: put it in that? And that would be my line
15:35
Speaker 6: of questioning. It also would have been tell me about
15:38
Speaker 6: the hundreds of confidential informants that you had in the
15:42
Speaker 6: crowd on January sixth, mister Smith, who would probably say, well,
15:48
Speaker 6: they weren't my confidential sources. Jordan did press you don't
16:04
Speaker 6: know Jack Smith about the identity, which he wouldn't give obviously.
16:18
Speaker 6: Jordan did ask why did you pay people for information?
16:23
Speaker 6: My recollection and understanding is the payment the twenty thousand
16:27
Speaker 6: dollars that I approved was for a confidential human source
16:31
Speaker 6: to assist in the review and photographic evidence showing people
16:35
Speaker 6: who were attacked at who were attacking the capital. Smith said, again,
16:40
Speaker 6: that's a forensic film analyst at best, a paralegal. That's
16:46
Speaker 6: not a confidential informant. A confidential informant was there, and
16:56
Speaker 6: you are keeping them confidential because they could become imperiled gravely.
17:09
Speaker 6: Is there any other kind grave peril? Is there any
17:13
Speaker 6: other kind?
17:16
Speaker 1: I'm sorry, I don't know.
17:18
Speaker 6: Satellite receiver must be receiving some replay of a few
17:21
Speaker 6: good men, so you keep them confidential to keep them
17:26
Speaker 6: from falling into the peril like this. And I don't know.
17:31
Speaker 6: I don't have only fans. I don't have an OnlyFans channel.
17:34
Speaker 6: Nobody wants to see that. But from what I understand,
17:37
Speaker 6: this only Fans quote influencer has been kidnapped by the
17:43
Speaker 6: Sineloa drug cartel. Shocking video from her tesla of the
17:52
Speaker 6: gunpoint kidnapping of this girl who was selling T shirts.
17:58
Speaker 6: Because that's what you know. Aside from creating softcore pornography,
18:03
Speaker 6: what these only fans sites do is they sell T
18:05
Speaker 6: shirts and make soft core pornography. This is why I
18:09
Speaker 6: don't have much interaction with only fans. But this is
18:14
Speaker 6: the kind of peril that these confidential informants. And this
18:18
Speaker 6: was established during the RICO days of Giuliani trying to
18:23
Speaker 6: bring down John Gottie. You get some low level CAPO
18:27
Speaker 6: from the organization and you give them immunity, you give
18:35
Speaker 6: them a new identity, but they drop dime on the
18:39
Speaker 6: big bosses. That's why they wrote the RICO laws, because
18:45
Speaker 6: once we catch one of your organization doing this, then
18:48
Speaker 6: we can take the whole organization in on it. But
18:52
Speaker 6: Jim Jordan completely swung and missed on what he should
18:55
Speaker 6: have been poking around in this for. And I know
18:58
Speaker 6: the Oversight committee is trying to get to the got
19:07
Speaker 6: you a moment of oh, they were paying for these
19:10
Speaker 6: confidential sources, and that's that's the part I wanted. I
19:14
Speaker 6: wanted them to say, well, we were paying them to
19:17
Speaker 6: compose because they weren't singing, and you don't know, Jack
19:25
Speaker 6: Smith dodged it. Jordan asked Smith how many payments went
19:37
Speaker 6: to confidential sources. Smith said he didn't know. Well, that's again,
19:43
Speaker 6: you're in charge of this investigation. You didn't know how
19:46
Speaker 6: many confidential informants you had. Again, line of questioning, because
19:56
Speaker 6: the confidential sources are like this Steele dossier. And it's
20:04
Speaker 6: even in the case of a district attorney commonwealth's attorney,
20:10
Speaker 6: you're going to have to tell someone who your confidential
20:13
Speaker 6: sources somewhere in the chain of authority over you. Otherwise
20:21
Speaker 6: you're not going to get anywhere with the investigation. But
20:24
Speaker 6: Jack Smith did. Jack jack Smith got all the way
20:27
Speaker 6: to indictments so that they could say President Trump's been
20:31
Speaker 6: indicted again, because they were still living in a world
20:34
Speaker 6: where that was going to stop people from voting for him.
20:37
Speaker 6: A silly webbit. They must have ordered Jack Smith from ACME.
20:49
Speaker 6: But I was disappointed that they didn't push the confidential
20:53
Speaker 6: informant stuff further because to me, that's the key is
21:00
Speaker 6: is not the singing but the composition, because there is
21:04
Speaker 6: no song to sing. And we saw these confidential informants
21:12
Speaker 6: on the ground, hundreds of them in the crowd. Did
21:20
Speaker 6: you pay all of them? There's a couple of hundred
21:22
Speaker 6: of those. Again, another question I would have liked to
21:26
Speaker 6: have had answered, You know, how many of these confidential
21:29
Speaker 6: informants did you pay? And what were they doing? What
21:33
Speaker 6: intel did they give you from deep inside the January
21:40
Speaker 6: sixth insurrection? You know, I mean these you would think
21:44
Speaker 6: if you're a prosecutor. Jim Jordan had been, our friend
21:46
Speaker 6: Ben Klein had been, this would be the stuff that
21:52
Speaker 6: I wanted to see. And this is why people get
21:54
Speaker 6: frustrated with this kind of stuff. This is why Congress
21:58
Speaker 6: has such a low approval score.
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25:02
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25:06
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25:08
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Speaker 22: Oh yes, yes, your favorite half breakfast pastry, half all
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25:30
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25:37
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25:41
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25:45
Speaker 4: So, go forth, bring home those donut earrings and bring
25:50
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25:53
Speaker 4: by Goodwill and the AD Council.
25:56
Speaker 2: My name is Jim. I'm a veteran and I lost
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26:01
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26:03
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26:18
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26:26
Speaker 18: We the people are guaranteed five freedoms in the First Amendment.
26:31
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26:34
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26:40
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26:46
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26:56
Speaker 5: No word in the English language is less convincing than.
27:01
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27:04
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27:07
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27:10
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27:12
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27:16
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27:20
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27:21
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27:21
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27:25
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27:26
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27:26
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27:29
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27:31
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27:34
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Speaker 1: the Icon Talk Radio Just the way your mother used
28:14
Speaker 1: to make his first thing today by Joe Thomas on
28:17
Speaker 1: the Talk Media Network.
28:19
Speaker 6: Yeah, so you know in the world and I want
28:39
Speaker 6: to continue to posh because a couple of folks on
28:43
Speaker 6: the subject of confidential informants and why you pay them
28:47
Speaker 6: uh to do what they do and it doesn't have
28:51
Speaker 6: to be about composing. I would get into that. Also,
28:53
Speaker 6: some reaction to the American Dream Act, which we talk
29:00
Speaker 6: about yesterday a little bit played some clips about it
29:02
Speaker 6: where they're giving five year moratorium on capital gains, taxes
29:08
Speaker 6: on moneys you would make from selling a house that
29:11
Speaker 6: you own to a private citizen. There and James though
29:16
Speaker 6: first and foremost James Lock, our friend from jcsgold dot
29:20
Speaker 6: com chronicling the meteoric positions of gold and silver this
29:27
Speaker 6: morning for us at jcsgold dot com. Good morning, James,
29:31
Speaker 6: how are you, sir.
29:33
Speaker 25: I'm doing well, Joe, and you're right about meteoric positions
29:37
Speaker 25: for gold and silver. Silver was flirting with one hundred
29:41
Speaker 25: dollars last night and it's currently at ninety eight dollars
29:45
Speaker 25: and seventy seven cents of two and a half percent
29:48
Speaker 25: so far, so it is almost there. A lot of
29:51
Speaker 25: people that I was talking to yesterday said, you know,
29:54
Speaker 25: we're looking for one hundred. We're looking for one hundred,
29:56
Speaker 25: and I think we're going to see it.
30:00
Speaker 6: You know, And I know that this is fun and
30:03
Speaker 6: it's you know, but at the end of the day,
30:05
Speaker 6: gold and silver investing are about the tangibility of always
30:10
Speaker 6: knowing that you know, there's value in your bank account
30:15
Speaker 6: as you go forward, right James. I mean that's that's
30:18
Speaker 6: the point of gold and silver investing is to have
30:21
Speaker 6: that tangible asset that's never going to go down to zero.
30:26
Speaker 25: That's exactly right. And you know, as and I've said before,
30:29
Speaker 25: and I say it to a lot of people that
30:31
Speaker 25: you and me don't move the price of gold and silver.
30:35
Speaker 25: You know, it's not the everyday person that actually moves
30:38
Speaker 25: this spot price is silver. That's that's governments that move
30:43
Speaker 25: that price and that just goes to show that over
30:45
Speaker 25: the past six months, governments have been stockpiling gold and silver,
30:50
Speaker 25: and why are they doing that. They're they're doing that
30:52
Speaker 25: because they know that gold and silver are the historical
30:57
Speaker 25: basis of all money. The real value you is always
31:01
Speaker 25: in gold and silver. Whenever you feel like there's risk
31:04
Speaker 25: in the world, you fly to gold and silver, you know,
31:07
Speaker 25: to find that financial safety. And that is shown that
31:11
Speaker 25: if the governments are doing that, that's definitely something that
31:14
Speaker 25: you and I should be doing, you know, just on
31:16
Speaker 25: our own level of at least having a little backstop.
31:19
Speaker 25: There a little safety at the bottom of gold and
31:23
Speaker 25: silver that will never go to zero. It usually is
31:26
Speaker 25: a pretty stable investment without a lot of swings. Recently,
31:29
Speaker 25: of course, we've seen some large percentage moves and that's
31:32
Speaker 25: been in the up direction, which, like you said, has
31:35
Speaker 25: been fun. Is not the historical norm. If you look
31:38
Speaker 25: at the charts there. I actually was looking at the
31:40
Speaker 25: chart at jcscold dot com the other day and just
31:43
Speaker 25: see the you know, the steep rise that's happened in
31:47
Speaker 25: the past couple of months. But you know, usually it's
31:50
Speaker 25: a pretty stable investment and you can still find silver
31:54
Speaker 25: below spot so you're getting in a huge discount there
31:57
Speaker 25: at jcscold dot com.
31:58
Speaker 6: All right, so that's why you should go. That's your mission.
32:01
Speaker 6: Did you tell us how gold is doing this morning?
32:04
Speaker 7: Oh?
32:04
Speaker 25: Yeah, Gold. Let's see, Gold is slightly above below even
32:08
Speaker 25: so far. But in sept four, nine hundred and twenty
32:12
Speaker 25: four dollars just two tens of percent in the red
32:15
Speaker 25: down eleven dollars, flirting with five thousand dollars. I know
32:19
Speaker 25: there's a big number for a lot of people here
32:21
Speaker 25: in this price discovery mode. So gold has been on
32:25
Speaker 25: the move the second half of this week.
32:26
Speaker 6: Well, I appreciate it, sir. You have a great morning.
32:28
Speaker 6: Thank you for giving us updates, and of course all
32:31
Speaker 6: through the weekend, wherever you are is the snowfalls, you
32:34
Speaker 6: can go to jcsgold dot com and look around and
32:38
Speaker 6: see what said Eric, because there are some really neat
32:40
Speaker 6: things to invest in, and I know that that inventory's
32:44
Speaker 6: got to be growing as folks bring silver to you
32:47
Speaker 6: to sell. A lot of that neat stuff goes up online,
32:50
Speaker 6: doesn't it.
32:52
Speaker 25: That's exactly right, and it's how we get a unique
32:54
Speaker 25: silver items in across the counter. We put those up
32:57
Speaker 25: on the daily deals page as a unique by it
32:59
Speaker 25: now I'll offer where we don't have multiples of those.
33:03
Speaker 25: So if you do like something, go ahead and grab it,
33:05
Speaker 25: because you know, once it's gone, we usually can't replace it.
33:09
Speaker 25: So and you can always reserve your item by purchasing
33:12
Speaker 25: it online. You know, don't wait for it, just go
33:15
Speaker 25: ahead and buy it and then we'll ship it straight
33:17
Speaker 25: to you so you don't have to worry about losing
33:19
Speaker 25: it to someone else.
33:20
Speaker 6: Hey, Andy down in Florida wants me to say hi
33:23
Speaker 6: to your pop again the jcsgold dot com four generations.
33:27
Speaker 6: Apparently your dad, along with being a great leader in
33:31
Speaker 6: the gold and silver industry as you are, apparently a
33:34
Speaker 6: tennis coach as well. I didn't know that, not that
33:37
Speaker 6: I played tennis, but Andy said to say hi.
33:41
Speaker 25: Absolutely, I'll let him know he loves talking to all
33:45
Speaker 25: the tennis buddies.
33:46
Speaker 9: Absolutely.
33:46
Speaker 6: Okay, Well there you go. I did you learn something
33:48
Speaker 6: new every day about our sponsors? Thank you, James, have
33:53
Speaker 6: a good one. Joe, thanks four three, four eight eight
33:56
Speaker 6: two four to two one son. Let me delve into
33:59
Speaker 6: this question about the American Dream Act that came in
34:05
Speaker 6: regarding companies and how they invest and they buy up
34:10
Speaker 6: individual properties, whether they be Chinese or American companies as well. Joe,
34:15
Speaker 6: your point about keeping homes in the rental market is important.
34:21
Speaker 6: What is the problem with the affordability is that municipal
34:25
Speaker 6: governments don't permission more homes to be built, so you
34:29
Speaker 6: keep a manufactured scarcity in a commodities market. Once the
34:35
Speaker 6: market has got a scarcity, then there is no one
34:39
Speaker 6: to blame but the government. The first one, Joe, I
34:44
Speaker 6: appreciate it the mystical circle of the traveling Joe's this morning.
34:50
Speaker 6: But also when companies overpay, and this is what was
34:55
Speaker 6: happening with a lot of these institutional investors is they
34:58
Speaker 6: were coming in because they were in a portfolio they
35:02
Speaker 6: could overpay for a property. And what you're seeing and
35:10
Speaker 6: this led to a little bit of that lawsuit against
35:13
Speaker 6: the National Association of Realtors last year, was that investors
35:21
Speaker 6: felt like they had been snookered, if you will, a
35:25
Speaker 6: little bit regarding the return because what was happening is
35:30
Speaker 6: these homes, once they were purchased by companies, the company
35:34
Speaker 6: said here's what we have to rent it at, and
35:36
Speaker 6: they weren't finding rental people who could afford even the
35:42
Speaker 6: level they were buying at So what they did, come on,
35:46
Speaker 6: you know what they did. They went to the government
35:48
Speaker 6: and said, we need you to expand the subsidies for
35:51
Speaker 6: these renters because they're not able to reach our rental levels.
35:56
Speaker 6: And they got on the press and they got the
35:58
Speaker 6: TV news media to paint the plaintiff picture of people
36:04
Speaker 6: who couldn't afford the rents that they were charging, and
36:07
Speaker 6: they were just trying to get them better subsidies. And
36:14
Speaker 6: the subsidies themselves are part and parcel of this. It's
36:18
Speaker 6: the reason these companies come into the real estate market
36:22
Speaker 6: is is they have either supply side subsidy or consumer
36:26
Speaker 6: side subsidy on the rents. So you know, it's guaranteed
36:33
Speaker 6: some of the money. And so they even shrug off
36:39
Speaker 6: some of the rules, the laws that are passed regarding
36:43
Speaker 6: how you can evict somebody and things like that in
36:45
Speaker 6: these states, these blue states that step in and say
36:49
Speaker 6: you can't evict somebody without eight years notice, and so
36:57
Speaker 6: they do that knowing that there no matter what happens,
37:02
Speaker 6: they're going to get some of the money. There's always
37:05
Speaker 6: going to be a cash flow out of these properties
37:08
Speaker 6: because of government subsidy. So Joe I get your point
37:16
Speaker 6: that the government is creating this rental problem so that
37:21
Speaker 6: they can be seen as the one who fixed it.
37:23
Speaker 6: That's why I've coined the phrase years ago, coined the
37:26
Speaker 6: phrase Munchausen's by government syndrome. The government will make us
37:31
Speaker 6: sick economically, and then insists they're the only ones who
37:38
Speaker 6: have the sufficient ability to fix us. So we'll get
37:44
Speaker 6: to you on the phones at four three four eight
37:46
Speaker 6: eight two four to two one seven. We're coming up
37:49
Speaker 6: on break here, says hang on the line with us.
37:51
Speaker 6: We'll get back from paying the electric bill. We'll find
37:55
Speaker 6: out what has triggered you. Also want to get to
37:57
Speaker 6: some of these texts on Jack Smith.
38:00
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40:06
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40:13
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Speaker 27: Hi Jack Hannah and it's always a boy. Growing up
41:02
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41:05
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41:06
Speaker 27: Beauty and kindness, but also their tireless work ethic. Just
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41:55
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42:00
Speaker 21: Uh oh, bruh, that's buzzed.
42:01
Speaker 16: Oh yeah, yeah, he's starting with the woots and now
42:06
Speaker 16: a speech.
42:07
Speaker 18: I just want to say that friendship is about heart,
42:11
Speaker 18: art and brain.
42:12
Speaker 4: Who's with me?
42:13
Speaker 18: Good thing is he knows when he's buzzed, and my
42:16
Speaker 18: brain is saying when it's time to go home.
42:18
Speaker 1: Somebody call me a ride.
42:20
Speaker 3: Love that guy, me too, know your buzzed warning signs,
42:23
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42:25
Speaker 3: Buzz driving is drunk driving.
42:27
Speaker 24: Whom did you know that more than half our household
42:31
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42:35
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42:40
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42:43
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42:50
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43:03
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43:07
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43:27
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43:30
Speaker 17: As a family member or friend, you may be the
43:33
Speaker 17: first to notice when a veteran you love has been
43:36
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43:41
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43:44
Speaker 17: But help is available. Listen to hundreds of inspiring stories
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43:53
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Speaker 27: In your life.
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44:09
Speaker 1: The first thing Today by Joe Thomas on the Tunk
44:16
Speaker 1: Media Network, all natural and free of artificial intelligence.
44:21
Speaker 19: When the carnival is over and they all come home together,
44:28
Speaker 19: don't mind the note that she level on the job.
44:34
Speaker 19: If the phone should read, if someone asked to speak
44:38
Speaker 19: to Alice, just say Alice doesn't love him anymore.
44:46
Speaker 6: So Alice, of course, the acronym, not the TV show
44:51
Speaker 6: or the movie Alice. Asset limited. What is it? Asset limited?
44:57
Speaker 6: Income constrained employer. It's, you know, the cool kids way
45:02
Speaker 6: of saying, the working poor are the ones who are
45:07
Speaker 6: the focal point of all this housing stuff. And here's
45:12
Speaker 6: the thing. The asset limited is again the leftists trying
45:17
Speaker 6: to take something that isn't their purview and make it
45:22
Speaker 6: their perview. Income constrained. And what does that mean. It
45:26
Speaker 6: means that the government has driven the good paying jobs away,
45:33
Speaker 6: and so these folks get a job wherever they can.
45:37
Speaker 6: And when you have false scarcity of housing, somebody who
45:44
Speaker 6: owns an apartment complex and everyone around works for ten
45:50
Speaker 6: dollars an hour, Well it would behoove you to rent
45:54
Speaker 6: to people who make that amount of money, but they don't.
45:58
Speaker 6: They'd rather have empty apartments because also government will subsidize
46:02
Speaker 6: you on that, and they'll have a list and they'll
46:06
Speaker 6: get somebody and they'll have somebody from the government come
46:08
Speaker 6: along that will help you find the appropriate someone to
46:13
Speaker 6: live there. And it's just one bad answer after another
46:16
Speaker 6: in housing. And that's like so many things. Nobody wants
46:21
Speaker 6: to fix the problem because once you fix the problem,
46:24
Speaker 6: then you can't campaign on the problem. Bob's on the
46:27
Speaker 6: line from Moscow. Good morning, Bob, how are you sir?
46:31
Speaker 6: Good afternoon. I should say where you are, what's going on?
46:35
Speaker 28: I'm doing good. Love to wish my friends all in
46:39
Speaker 28: northern Wisconsin a happy morning, since it's minus twenty three
46:43
Speaker 28: degrees fahrenheit there this morning.
46:45
Speaker 6: Well, but they're not facing the snow apocalypse that's coming
46:49
Speaker 6: through Texas and Tennessee and the mid Atlantic starting on Saturday.
46:54
Speaker 6: I think some places it may start later today, but yeah,
46:59
Speaker 6: they get their plenty, their fair share as well. Up
47:01
Speaker 6: in Wisconsin.
47:03
Speaker 28: Yes, hey, this housing issue has never changed. It's like
47:08
Speaker 28: all these now these community college towns, all these college towns,
47:12
Speaker 28: university towns that have all these apartments, all these houses
47:16
Speaker 28: that they've rented out for years and not taken care
47:18
Speaker 28: of them and have made filthy rich money. Now they're
47:22
Speaker 28: all complaining because they're not making any money because enrollments down,
47:26
Speaker 28: there's more online classes, so those places aren't being rented.
47:31
Speaker 28: You need to just let the market work as the market,
47:35
Speaker 28: no subsidies. No these big corporations like Blackrock or Blackstone
47:40
Speaker 28: or whoever it is that ad buys all these corporate
47:43
Speaker 28: houses and everything else and apartment complexes and then rent
47:47
Speaker 28: them out. If people can't afford to live there, let
47:50
Speaker 28: them lose them money. Then they're gonna have let capitalism work,
47:54
Speaker 28: have to lower their price to make money.
47:57
Speaker 6: And that's never what happens. There's always that inant and
48:01
Speaker 6: it's baffled me for years. And we have a big
48:05
Speaker 6: old tire factory here in our flagship area has been
48:09
Speaker 6: making tires since World War two, and they shut down
48:13
Speaker 6: twenty years ago. Bob and the factory has laid empty
48:18
Speaker 6: for twenty years. How is that profitable from a property owner?
48:25
Speaker 6: How is it better to have nothing happening on a
48:28
Speaker 6: piece of property than to have businesses move in there,
48:32
Speaker 6: even if you have to part out the factory or
48:35
Speaker 6: do something else. It's because the property owners are waiting
48:39
Speaker 6: for somebody from the government to come along and buy
48:41
Speaker 6: up the land to do either some reclamation project or
48:47
Speaker 6: some history museum or something along those lines, because they
48:51
Speaker 6: know that that money will spend better.
48:55
Speaker 28: And the other thing, is my guess, is because it
48:58
Speaker 28: was a business and a factory and they went bankrupt,
49:02
Speaker 28: that they don't have I'm sure there's laws or ways
49:05
Speaker 28: around us that they don't have to pay any income
49:09
Speaker 28: tax or no property taxes on that property. So it's
49:13
Speaker 28: best for them just to let it sit there and
49:16
Speaker 28: increase in value. Increase in value because at some point
49:19
Speaker 28: there's going to be some developer like even Donald Trump,
49:22
Speaker 28: or something's going to happen, and that land's gonna be
49:25
Speaker 28: worth a lot of money and they're gonna become filthy rich.
49:28
Speaker 6: Well, the company didn't go bankrupt, It just decided, you
49:31
Speaker 6: know what, it's cheaper to make our tires in Japan
49:35
Speaker 6: and ship them to the United States, so you same olds.
49:41
Speaker 28: They can use the factory as a write office, a
49:44
Speaker 28: business expense, so that they pay less taxes because they
49:47
Speaker 28: can write up all the losses and any monies that
49:51
Speaker 28: cause to keep the property goal in property taxes, anything
49:55
Speaker 28: pertaining to it. They write up on their taxes as
49:57
Speaker 28: company losses before they're making more profits. It's really not
50:01
Speaker 28: having any losses.
50:02
Speaker 6: You bring up an interesting point, and I had to
50:05
Speaker 6: chuckle because my dad owned companies when I was a kid,
50:10
Speaker 6: and a lot of them didn't make money. But my
50:12
Speaker 6: mother was a bank vice president, so she always had
50:15
Speaker 6: a good income, and we would, you know, juxtapose the
50:19
Speaker 6: losses on my dad's company with the income my mother made.
50:24
Speaker 6: My accountant is particularly ethical.
50:26
Speaker 11: Uh.
50:27
Speaker 6: And and he has said, listen, you're only going to
50:31
Speaker 6: offset the taxes you would have nominally paid already. He said,
50:35
Speaker 6: we're not going to get into this whole Uh. You know, well,
50:38
Speaker 6: the company lost all this money. You're you're never, through
50:42
Speaker 6: his office, going to get back more than you paid in.
50:46
Speaker 6: And I love that about him, because I don't want
50:48
Speaker 6: to be that guy who's like, hey, if the company
50:50
Speaker 6: loses money. I make money. That's not the way business
50:54
Speaker 6: should operate, and we shouldn't subsidize that either.
50:56
Speaker 28: Oh yeah, but that but your big core operation sets
51:00
Speaker 28: how they work because they know they have lobbyists. They
51:05
Speaker 28: know they're not going to get attacked by the rs
51:08
Speaker 28: I RS or the government. Whereas Little Joe's father would
51:12
Speaker 28: get crawled under the table if he did some even
51:16
Speaker 28: a little bit, if eve it with just one hundred dollars,
51:18
Speaker 28: he'd have the irs in there and everyone looking over
51:23
Speaker 28: and putting them in jail. But if you're a JP
51:26
Speaker 28: diamond who can just close bank accounts, nothing happens to him.
51:30
Speaker 6: See here's the thing. See, I have a controversial view
51:34
Speaker 6: on corporate taxes. I don't think we should be charging
51:38
Speaker 6: a corporation taxes. I think the people who make money
51:42
Speaker 6: from the corporation should pay their income taxes. But the
51:46
Speaker 6: idea that we tax companies is just a it's a
51:50
Speaker 6: setup game so that we can subsidize. Oh, come here
51:55
Speaker 6: and we'll cut your taxes, and all the people who
51:58
Speaker 6: are paying their company taxes, they're business taxes, wind up
52:01
Speaker 6: moving on good stuff. Bob always thoughtful, and I appreciate it.
52:05
Speaker 6: And yes, stay warm, I imagine it's warmer in Moscow
52:08
Speaker 6: than it is in Wisconsin.
52:10
Speaker 28: Yes, yes, it is. Amazingly, they have a great weekend.
52:15
Speaker 6: You two for three four eight A two four to
52:19
Speaker 6: two one seven. I'm just curious, Bob is actually from Chicago.
52:23
Speaker 6: What's what is Chicago's forecast right now? Our friends out
52:26
Speaker 6: there and Joliet and Evanston, you're probably laughing saying, yeah,
52:30
Speaker 6: it's cold here too, Joe, I don't. I don't have
52:35
Speaker 6: my thermometers. It's negative four and I'm sure in Chicago
52:39
Speaker 6: that's got a windshill factored into it as well. So
52:43
Speaker 6: there you go, Bob, Your your buddies back in your
52:46
Speaker 6: old hometown are freezing them right now. But that's nature
52:50
Speaker 6: of the cat.
52:51
Speaker 2: My name is Bobby.
52:52
Speaker 5: I'm a veteran and lost my leg to a roadside bomb.
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Speaker 5: weightlifting champion.
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Speaker 2: I'm Sam.
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53:04
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53:06
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53:10
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53:12
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53:19
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