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Mark interviews economist Steve Moore. · The Mark Simone Show

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  Speaker 1: It's the Mark Simone Show. Live from the WOR LifeVac studios. Well,
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  Speaker 1: Steve Moore, the great economist, make sure you read his
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  Speaker 1: latest book called The Trump Economic Miracle. You'll love it.
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  Speaker 1: And he runs the Committee to Unleash Prosperity. Every day
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  Speaker 1: they put out the best daily briefing with great issues
• 0:23
  Speaker 1: and analysis and It's free. It'll come right to your email.
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  Speaker 1: You really should get this. Just go to UnleashProsperity.com and
• 0:30
  Speaker 1: sign up. UnleashProsperity.com. Steve Moore, how are you doing?
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  Speaker 2: Mark, doing pretty well. You know, we have our news.
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  Speaker 2: I've got a question for you. Do you know what
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  Speaker 2: state has the fourth highest cost of living?
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  Speaker 1: Fourth highest. Fourth highest cost of living. Well, I imagine
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  Speaker 1: number one and two is New York and California. Number three, Illinois.
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  Speaker 2: Number four, I don't know. You're pretty close, my friend. Actually,
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  Speaker 2: New York is fourth. Hawaii and California are ahead of
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  Speaker 2: New York and I think Massachusetts. But, yeah. Believe it
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  Speaker 2: or not. But what's funny about this– Yeah, well, you know, because,
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  Speaker 2: by the way, you could understand why costs would be
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  Speaker 2: high in Hawaii, because you have to ship everything to
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  Speaker 2: Rhode Island. That increases costs. But, you know, what's New
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  Speaker 2: York's excuse? And I bring that up because what's the
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  Speaker 2: big issue of the day today? The big A word, affordability.
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  Speaker 1: Affordability, yeah.
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  Speaker 2: Yeah, that's all the Democrats talk about. Affordability. Trump is
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  Speaker 2: not making anything affordable. Well, then you look at the
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  Speaker 2: 50 states, and the five states with the highest cost
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  Speaker 2: of living and the least affordability are New York, you know, Hawaii, California,
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  Speaker 2: New Jersey, and Massachusetts. And the five states with the
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  Speaker 2: most affordability and the lowest cost are, let's see, Alabama, Oklahoma, Idaho, Arkansas,
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  Speaker 2: and Utah. So it turns out there's almost a direct correlation.
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  Speaker 2: The more democratic a state is in terms of their
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  Speaker 2: control of their legislature and governorship, the more likely they
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  Speaker 2: have out-of-control costs.
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  Speaker 1: Well, that's why we get people here in New York
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  Speaker 1: who say, I'm paying so much for gas because of Iran.
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  Speaker 1: They don't realize it's because of the whole call. It's
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  Speaker 1: because of the state legislature that you're paying more in
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  Speaker 1: New York because it's New York and you've got taxes.
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  Speaker 2: Exactly. Yep, yep, yep. The same thing, by the way,
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  Speaker 2: California pays about $ 6 a gallon for gas. They pay
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  Speaker 2: $ 1. 50 more than the national average because of all the
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  Speaker 2: regulations and taxes.
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  Speaker 1: And a lot of this is green scheme stuff where
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  Speaker 1: it drives up the price of gas. But you wrote
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  Speaker 1: about that yesterday. They call it the green scheme, but
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  Speaker 1: it really was because a lot of people profiteered off it,
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  Speaker 1: didn't they?
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  Speaker 2: Boy, it's amazing how many people got rich. It's a
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  Speaker 2: green scheme, and the green is money, not green environmental policy,
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  Speaker 2: and people did get rich. We spent hundreds and hundreds
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  Speaker 2: of billions of dollars on these programs. And a lot
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  Speaker 2: of it just went into the bank accounts of liberal activists,
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  Speaker 2: some of these liberal hedge funds. Right on the week
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  Speaker 2: or two before Biden left office, they approved a multibillion-dollar
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  Speaker 2: giveaway of basically money to all the green groups. Lord
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  Speaker 2: knows what they did with the money. They didn't exactly
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  Speaker 2: change the temperature of the planet.
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  Speaker 1: Hey, and if you believe in windmills or whatever it is,
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  Speaker 1: all you have to do is watch Europe. who tried
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  Speaker 1: it for a couple years. What was the result when
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  Speaker 1: they tried it?
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  Speaker 2: Yeah, it's actually a tragedy. You know what country moved
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  Speaker 2: most aggressively to the green energy stuff?
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  Speaker 1: Was it Germany?
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  Speaker 2: Yeah, Germany. Germany was, throughout the 50s, 60s, 70s, 80s,
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  Speaker 2: we always talked about German manufacturing and they had the
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  Speaker 2: Mercedes-Benz and were one of the lead industrial countries. And Germany,
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  Speaker 2: by switching from natural gas and oil and coal to windmills,
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  Speaker 2: they basically deindustrialized that country. It's actually very sad. Most
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  Speaker 2: of the companies that made stuff in Germany either folded
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  Speaker 2: or moved out.
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  Speaker 1: And didn't they have to start tearing down those windmills
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  Speaker 1: because they just didn't provide enough to meet anything?
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  Speaker 2: Yeah, who would have ever thought using 15th century energy
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  Speaker 2: wasn't going to work very well? But, you know, it's true,
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  Speaker 2: and they really now, they're finally saying, maybe we better
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  Speaker 2: go back to using natural gas. By the way, you know, coal,
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  Speaker 2: we do have clean coal in this country, and we
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  Speaker 2: should rebuild our coal plants because we're going to need
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  Speaker 2: a lot more energy in the future. And we do
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  Speaker 2: have the cleanest coal in the world. While China's building
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  Speaker 2: 100 new coal plants, we shut ours down. But natural gas...
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  Speaker 2: That's the cleanest energy you can have. And they stopped
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  Speaker 2: using natural gas.
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  Speaker 1: And nuclear energy, also very clean.
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  Speaker 2: Right. And so nuclear, you know, I'm one of these
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  Speaker 2: people who just says, look, let's get the first of all,
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  Speaker 2: let's get the government out of the way. And let's
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  Speaker 2: just use whatever energy makes sense. Now, look, if you
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  Speaker 2: live in Phoenix, Arizona. Yes, solar power probably makes a
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  Speaker 2: lot of sense. The sun is 110 degrees there with
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  Speaker 2: a blazing sun, so you can capture a lot of energy.
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  Speaker 2: But I don't think New York gets a lot of
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  Speaker 2: energy from solar power. So you can use these things,
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  Speaker 2: but they're niche levels of power. So, for example, after
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  Speaker 2: spending hundreds and hundreds of billions of dollars... on windmills
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  Speaker 2: and solar panels, today we get maybe 5% or 6%
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  Speaker 2: of our energy from wind and solar. So it's a
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  Speaker 2: very poor source of energy. We still get most of
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  Speaker 2: our energy from, you know, about 75%. And you still
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  Speaker 2: have these nitwits out there saying, zero fossil fuels, get
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  Speaker 2: rid of energy. Well, how are we going to? Our factories,
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  Speaker 2: our schools, our data centers, our, you know, the Internet.
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  Speaker 2: How would you power that without energy that works?
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  Speaker 1: Hey, Steve Moore, explain the battle with Canada. What are
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  Speaker 1: we fighting over? I mean, they were kind of unfair
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  Speaker 1: with their tariffs, weren't they?
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  Speaker 2: Yeah, but, you know, we have something in our hotline today.
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  Speaker 2: I hope all your listeners are getting that. Just go
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  Speaker 2: to UnleashPosperity.com and you get it for free. It's a
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  Speaker 2: free newsletter every morning. It's a bad fight for Trump
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  Speaker 2: to pick right now. I don't think he should have
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  Speaker 2: picked this fight. Canada is our most important trading partner.
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  Speaker 2: By the way, a lot of people don't realize that
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  Speaker 2: Canada and Mexico are our two biggest trading partners, much
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  Speaker 2: more so than China. I bet if you asked the person,
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  Speaker 2: people on the street, who do we trade most with,
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  Speaker 2: I think most people would say China. I would have
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  Speaker 2: said that. myself until I looked at the numbers. So China,
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  Speaker 2: I mean, Canada, Mexico are really critical trading partners for
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  Speaker 2: the United States. We all benefit. I've always loved that
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  Speaker 2: idea of North America, you know, down to the furthest
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  Speaker 2: South in Mexico, up to the furthest North in Canada
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  Speaker 2: being a, you know, a free trade zone where we
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  Speaker 2: dominate the world in terms of agriculture, energy, and technology.
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  Speaker 2: So I think these tariffs are a mistake. And I
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  Speaker 2: think we should, you know, because, you know, you have tariffs,
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  Speaker 2: That's not going to make things cheaper here in the
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  Speaker 2: United States. It's going to add to costs. So hopefully
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  Speaker 2: we get this thing resolved. But it is true that,
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  Speaker 2: you know, Trump is right that Canada does cheat on
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  Speaker 2: some of these deals. And they do impose very high
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  Speaker 2: tariffs on our agriculture and our farmers and our dairy farmers,
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  Speaker 2: et cetera. So he wants a better deal. I just
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  Speaker 2: don't think right now is probably the best time for this.
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  Speaker 2: All right.
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  Speaker 1: But we've got to stop. When it comes to Trump,
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  Speaker 1: we love him. But you've got to stop saying, I
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  Speaker 1: wish you wouldn't pick this fight. He picks every fight.
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  Speaker 1: He'll have a thousand fights going at once. That's just
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  Speaker 1: his style.
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  Speaker 2: And that's, you know, that's the old saying, you never
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  Speaker 2: want to fight a multi. You know, that's, I think,
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  Speaker 2: what the Germans and all these other countries have learned over.
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  Speaker 2: You know, you want to you don't want to have
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  Speaker 2: a multi front, you know, war either with weapons or
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  Speaker 2: in trade at the same time. And so but look,
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  Speaker 2: the economy, I've got to say this loud and clear
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  Speaker 2: on your show. I said it on Kudlow's show last night.
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  Speaker 2: I mean, the American economy is the best in the world. Now,
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  Speaker 2: do we have problems? Yes. Is inflation too high? Yes, absolutely.
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  Speaker 2: We're now running at 3.5%. We've got to get it
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  Speaker 2: boiled down to less than 1.5%. But every country in
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  Speaker 2: the world would gladly trade places with the United States.
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  Speaker 2: I mean, we have record high stock market. We've got
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  Speaker 2: more jobs available than people to fill them. How about
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  Speaker 2: the fact crime is down? in virtually every major city,
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  Speaker 2: thanks to Trump's tough-on-crime stance. I mean, I could go
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  Speaker 2: on and on. There's a lot going well in the
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  Speaker 2: United States, but the media just never reports it.
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  Speaker 1: Yeah, well, they report the opposite. Economic crisis and affordability crisis.
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  Speaker 2: Yeah, you'd think we were in a Great Depression or
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  Speaker 2: something like that if you watched the CNN and so on.
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  Speaker 2: And yet, you know, by the way, incomes have been
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  Speaker 2: growing faster, just except for the last couple months where
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  Speaker 2: we saw a pickup in inflation. Most American families actually
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  Speaker 2: have more income disposable income than they had before Trump
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  Speaker 2: was elected. So even that idea that, oh, nobody can
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  Speaker 2: afford everything. Well, the average family in the United States
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  Speaker 2: is struggling, obviously, to pay some of these bills. I mean,
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  Speaker 2: ground beef. Have you tried to buy a hamburger lately?
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  Speaker 2: You know, those costs are high. But we're doing well.
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  Speaker 2: We're outcompeting our neighbors. And the worst possible thing to
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  Speaker 2: do would be elect a bunch of Democrat socialists that
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  Speaker 2: are going to raise taxes on everybody. Yeah.
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  Speaker 1: Well, Steve Moore, great stuff. Hey, everybody, sign up for
• 9:18
  Speaker 1: his daily briefing. It's really good. It's a very important
• 9:21
  Speaker 1: thing to read every day. It's called The Hotline. You
• 9:23
  Speaker 1: just go to UnleashProsperity.com. Sign up. It's free. It'll come
• 9:27
  Speaker 1: right to your email. UnleashProsperity.com. And get Steve Moore's book,
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  Speaker 1: The Trump Economic Miracle. Steve Moore, thanks for being with us.
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  Speaker 2: Thank you, Matt. All right. Have a good day.
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  Speaker 1: Take care. And don't forget, at noon today, Buck and
• 9:42
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• 9:44
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• 9:47
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• 10:00
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• 10:03
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• 10:06
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