Latest / The Bill Handel Show / Calls for Jimmy Kimmel Firing | Violent Rhetoric
Transcript
- 0:00Speaker 1: You're listening to Bill Handle on demand from KFI AM
- 0:04Speaker 1: six forty.
- 0:08Speaker 2: Six forty Bill Handle here on a Tuesday morning, April
- 0:12Speaker 2: twenty eight.
- 0:13Speaker 1: Oh oh, we got a lot to cover today too.
- 0:16Speaker 2: Later on we're going to talk about Ada lawsuits coming
- 0:20Speaker 2: up at the bottom of the hour. Oh man, what
- 0:22Speaker 2: a mess that is. And then Tech Tuesday with Rich
- 0:25Speaker 2: tomorrow at eight o'clock. So now in the forefront of
- 0:30Speaker 2: the news, of course, is the fight between the White House,
- 0:33Speaker 2: specifically Donald Trump and Jimmy Kimmel, although Milania Trump has
- 0:37Speaker 2: now jumped into the fray. And so Monday night, right
- 0:43Speaker 2: the monologue. You know, sometimes you wake up in the
- 0:45Speaker 2: morning and the first lady puts out a statement demanding
- 0:47Speaker 2: you be fired from your job.
- 0:50Speaker 1: Or we've all been there, haven't we?
- 0:52Speaker 2: He asks in the crowd, of course in the audio,
- 0:54Speaker 2: and the audience starts laughing.
- 0:56Speaker 1: Earlier in the day, Milania.
- 0:58Speaker 2: Trump released the statement on X criticizing what she called
- 1:02Speaker 2: Kimmel's hateful and violent rhetoric, referring to I guess to
- 1:08Speaker 2: a bit that Kimmel did Thursday night, two days before
- 1:11Speaker 2: the attack in Washington, when he parodied the White House
- 1:16Speaker 2: Correspondent's dinner, so parroting it. He pretended to be the
- 1:21Speaker 2: events comedian, which they did not have, by the way,
- 1:23Speaker 2: no comedian this time. And what he did is skewered
- 1:27Speaker 2: members of the Trump administration and family, which is typically
- 1:30Speaker 2: what happens during the White House correspondent's dinner, and usually
- 1:34Speaker 2: a president is there and he gets skewered, and he
- 1:37Speaker 2: skewers himself a lot of self deprecation humor.
- 1:40Speaker 1: You don't do a lot of humor around President Trump.
- 1:43Speaker 2: A matter of fact, what I found interesting is, first
- 1:46Speaker 2: of all, there was no comedian that was invited. I
- 1:49Speaker 2: think there was a mind reader that was invited, someone
- 1:51Speaker 2: completely crazy. And the president he was instead of giving
- 1:56Speaker 2: a few minutes for remarks, he was given one hour
- 2:00Speaker 2: to state his position. I mean, it wasn't going to
- 2:03Speaker 2: be like your normal correspondence dinner. So Kimmel says, missus Trump,
- 2:10Speaker 2: you have the glow of an expectant widow, and adding
- 2:14Speaker 2: that the first lady's birthday was coming up. She's planning
- 2:18Speaker 2: to celebrate at home the same way she always does,
- 2:20Speaker 2: looking out a window and whispering, what have I done?
- 2:23Speaker 1: All right? Two days after that, the gunman.
- 2:26Speaker 2: Charges past a security Checkpoint at the Washington Hilton. So
- 2:31Speaker 2: what she said, she drew a connection to Kimmel's words
- 2:36Speaker 2: and called on ABC to take a stand against Kimmel
- 2:41Speaker 2: his monologue about this quote, his monologue about my family
- 2:45Speaker 2: is in comedy. His words are corrosive and deepens the
- 2:50Speaker 2: political sickness within America. Yeah, she wrote that one didn't
- 2:53Speaker 2: she a coward. Kimmel hides behind ABC and because he
- 2:58Speaker 2: knows the network will keep running cover to protect him.
- 3:01Speaker 1: Enough is enough.
- 3:02Speaker 2: And then a few hours later, the President posted Jimmy
- 3:05Speaker 2: Kimmel should immediately be fired by Disney and ABC. So
- 3:11Speaker 2: yesterday and I Kimmel recaps all of the events and
- 3:14Speaker 2: notes there was not much reaction to his parody roast.
- 3:18Speaker 2: Well there is now he's gotten more than four million
- 3:20Speaker 2: streams on YouTube. The expected widow line, he said, obviously
- 3:26Speaker 2: was a joke about their age difference and the look
- 3:29Speaker 2: of joy we see on her face every time they're together,
- 3:32Speaker 2: referencing how unhappy she looks, and he said it was
- 3:36Speaker 2: a very light rose about the fact that he's almost
- 3:38Speaker 2: eighty and she's younger than I am, and he's fifty eight,
- 3:42Speaker 2: and the first lady just turned fifty six, So it
- 3:46Speaker 2: was not, by any stretch of the definition, a call
- 3:48Speaker 2: to assassination. They know I've been very vocal for many
- 3:51Speaker 2: years speaking out against gun violence in particular.
- 3:54Speaker 1: That here is the issue.
- 3:56Speaker 2: I mean, of all the administrations that argue against hatred,
- 4:00Speaker 2: the mediansess their job to skewer everybody and everything.
- 4:04Speaker 1: That's just what they do.
- 4:05Speaker 2: Late night talk show hosts are going after this administration
- 4:09Speaker 2: because this administration is just easier to go after. It
- 4:13Speaker 2: is easy to attack, and late night the hosts just
- 4:17Speaker 2: do that. And so what I find it's not astounding,
- 4:21Speaker 2: but somewhat hypocritical. A lot hypocritical, is you have a
- 4:26Speaker 2: president who says that other people are using hate speech.
- 4:32Speaker 2: That is that's what's going around. He doesn't use hate speech,
- 4:37Speaker 2: but it's everybody else or those people that attack him.
- 4:39Speaker 2: The other part of this, and this is even scarier,
- 4:42Speaker 2: is calling on ABC to fire him. He did that
- 4:47Speaker 2: after kimmelmade those statements about Charlie Kirk, which I found
- 4:50Speaker 2: fairly benign. But you say anything negative about Charlie Kirk
- 4:54Speaker 2: when he was gotten down, you obviously got in a
- 4:57Speaker 2: lot of trouble, certainly among Republicans, Conservatives, among the White
- 5:01Speaker 2: House folks, and he and ABC did fire him for
- 5:07Speaker 2: about a week and then they caved and brought him back,
- 5:11Speaker 2: because well, what do you do when you have the
- 5:17Speaker 2: President basically say to a corporation that owns the show,
- 5:22Speaker 2: I don't like what he said.
- 5:23Speaker 1: You fire him.
- 5:26Speaker 2: That is a tough one, especially when he do he's
- 5:29Speaker 2: doing no more than he does every night. And so
- 5:34Speaker 2: now you've got ABC that's caught between a rock and
- 5:37Speaker 2: a hard place. They cannot fire him, They cannot suspend
- 5:40Speaker 2: him like they did last time.
- 5:41Speaker 1: They just can't.
- 5:42Speaker 2: The backlash would be astounding, even among Republicans. And also
- 5:48Speaker 2: last time around, you had Brendan Carr, who was the
- 5:51Speaker 2: FCC chair, say outright to ABC, we're looking to to
- 5:59Speaker 2: redo your broadcast license. Your broadcast license are in jeopardy,
- 6:04Speaker 2: those licenses that you have now, the FCC chair threatening
- 6:10Speaker 2: to yank broadcast licensing from stations because the President doesn't
- 6:17Speaker 2: like what you say.
- 6:19Speaker 1: I mean, that's pretty scary stuff.
- 6:20Speaker 2: I mean, the good news is is politically it's just
- 6:24Speaker 2: not going to happen. The gunning down of Charlie Kirk
- 6:28Speaker 2: was lightning in a bottle in the sense that there
- 6:32Speaker 2: were a lot of factors that came into confluence. At
- 6:35Speaker 2: the same time, Charlie Kirk, a beloved member of the
- 6:39Speaker 2: right wing starting turning point, was killed, was assassinated at
- 6:42Speaker 2: an event that is just some very rare pieces that
- 6:47Speaker 2: are brought together. Attacking the president politically and comedically comedically
- 6:55Speaker 2: is something that is just done. I mean every single night.
- 7:00Speaker 2: You know, look at what CNN does to the administration.
- 7:04Speaker 2: Look what Fox does to the Democrats. I mean, that's
- 7:08Speaker 2: the way we do it. Now we're doing it worse
- 7:11Speaker 2: than we ever have. I mean, we're more polarized that
- 7:14Speaker 2: we ever have. But you know, I mean a president
- 7:18Speaker 2: saying you fire this guy, and the only thing that's
- 7:22Speaker 2: left is or what? And we haven't heard that. I
- 7:26Speaker 2: don't think we're going to either, I really don't. I
- 7:30Speaker 2: think that this First Amendment business, that pesky constitution that
- 7:34Speaker 2: just gets in the way all the time. Don't you
- 7:36Speaker 2: find that it just that constitution just makes life miserable
- 7:40Speaker 2: for us, doesn't it? All?
- 7:43Speaker 1: Right?
- 7:44Speaker 2: Now, talking about we do a lot of this about
- 7:48Speaker 2: how polarized that everybody is politically speaking, the left versus
- 7:52Speaker 2: the right, the middle against the middle, and it is
- 7:57Speaker 2: something that both sides have been arguing, and it's all.
- 8:01Speaker 2: When it's all said and down, I'm going to throw
- 8:02Speaker 2: some figures at you. A month ago, President Trump celebrated
- 8:07Speaker 2: the death of former FBI director Robert Mueller. Good. I'm
- 8:10Speaker 2: glad he's dead. He no longer can hurt in his
- 8:13Speaker 2: own innocent people. Yesterday, Trump and the White House responded
- 8:19Speaker 2: to the shooting at the Correspondence Center by decrying that
- 8:23Speaker 2: the Democratic supposedly beyond the pale rhetoric was responsible and
- 8:28Speaker 2: labeling Democrats a cult of hatred. And of course the
- 8:32Speaker 2: Democrats are arguing the same thing on the other side.
- 8:36Speaker 2: One thing is absolutely certain is that when President Trump
- 8:41Speaker 2: leaves off office, history will never call him the great
- 8:47Speaker 2: conciliatory or the great de escalator.
- 8:52Speaker 1: That's just not going to happen. Nope. And so it is.
- 8:57Speaker 2: I mean, we have a president that came into being,
- 9:00Speaker 2: I mean he is. He's a tough guy. There's no question.
- 9:03Speaker 2: He does not use presidential speech. He calls people morons,
- 9:07Speaker 2: idiots who disagree with him, low iq I mean, just
- 9:11Speaker 2: straight out there's a you could argue that's hate speech.
- 9:15Speaker 2: I don't think that that is hate speech per se.
- 9:17Speaker 2: To me, that's just the president going, this guy's a moron.
- 9:20Speaker 2: I'll tell you what hate speech is. The Democrats are
- 9:22Speaker 2: responsible for assassinations. The Democrats are responsible for and their
- 9:29Speaker 2: rhetic responsible for the gun violence. Republicans, obviously, or Democrats
- 9:34Speaker 2: say the same thing of Republicans. And if you look
- 9:39Speaker 2: at polls, you would think, based on what we see
- 9:44Speaker 2: that it's Republicans have a stronger rhetoric as the argument
- 9:50Speaker 2: that they are more the argument that Republicans are more
- 9:53Speaker 2: responsible for violence than our Democrats, and I would think that's,
- 10:00Speaker 2: you know, I would agree with that. So I'm going
- 10:03Speaker 2: to share with you a stat that came up that
- 10:05Speaker 2: I found absolutely fascinating. This is a Public Religion Research
- 10:11Speaker 2: Institute poll that just came out, and this one, well,
- 10:16Speaker 2: it says exactly what it says. Seventy two percent of
- 10:20Speaker 2: Republicans said Democrats were responsible for political violence. Seventy three
- 10:26Speaker 2: percent of Democrats said Republicans are most responsible.
- 10:31Speaker 1: It's even Stephen.
- 10:34Speaker 2: Democrats think it's Republicans that are causing all of this
- 10:37Speaker 2: hatred and political violence, and it's simply the other way.
- 10:41Speaker 2: And so this is where we are, this is where
- 10:44Speaker 2: we're going, and we are I think there's going to
- 10:48Speaker 2: come a time when we're going to see a Mother
- 10:51Speaker 2: Teresa approach to the violence in this country where we
- 10:57Speaker 2: really want some de escalation and we're not getting it,
- 11:00Speaker 2: and we won't get it because the administration certainly won't
- 11:04Speaker 2: let that happen.
- 11:05Speaker 1: And members of the party.
- 11:06Speaker 2: You've got Adam Schiff, You've got people that are so
- 11:09Speaker 2: vociferously against Donald Trump and the Republican right that it's
- 11:13Speaker 2: almost nothing they do could be right. Nothing that the
- 11:16Speaker 2: Democrats do can be right. Everybody's wrong. There's a song
- 11:20Speaker 2: there isn't there when you're right everybody's wrong, or when
- 11:25Speaker 2: you're wrong, everybody's right.
- 11:27Speaker 1: I think of a Billy Joels you may be right,
- 11:30Speaker 1: I may be crazy. No, that's a given where that is.
- 11:34Speaker 1: I'm just trying to think of another song.
- 11:36Speaker 2: But the point I'm making is political violence, that one
- 11:40Speaker 2: is beyond the pale, that really is. Jimmy Kimmel did
- 11:45Speaker 2: not advocate political violence. The President, I don't believe, advocated
- 11:50Speaker 2: going in and overrunning the capital with violence. I don't
- 11:55Speaker 2: believe that he meant for people to go in with guns.
- 12:00Speaker 2: It did mean for people to go in and change
- 12:01Speaker 2: it up and make Mike Pence do the right thing.
- 12:06Speaker 2: I do think that. But was it with weapons? No,
- 12:10Speaker 2: I don't think so. So the point of all this
- 12:13Speaker 2: is we're going to try to understand this polarization. This
- 12:16Speaker 2: is what sociologists and historians are going to spend a
- 12:19Speaker 2: lot of time in the future talking about why this
- 12:23Speaker 2: is happening. All right, lawsuits, you think I talk about
- 12:27Speaker 2: them enough on Handle on the Law Saturday Mornings. And
- 12:32Speaker 2: here is a lawsuit that I've been talking about, or
- 12:36Speaker 2: a series of lawsuits, and these have to do with
- 12:38Speaker 2: the ADA violation American with Disabilities Act. And what happens
- 12:43Speaker 2: is there are plaintiffs a few who go to a
- 12:48Speaker 2: law firm a few or law firms specializing in this,
- 12:52Speaker 2: and they go after businesses. California has a law where
- 12:55Speaker 2: if a business is in violation of the ADA, four
- 12:59Speaker 2: thousand dollars is automatically given. Virtually four thousand dollars is
- 13:02Speaker 2: automatically given to the plaintiff, and the numbers can be
- 13:06Speaker 2: a lot, a lot stronger than that, a lot higher
- 13:09Speaker 2: than that, because California is so pro disabled, which okay,
- 13:13Speaker 2: I mean you know the disabled. I mean when you
- 13:15Speaker 2: know there are not enough parking spots, when you have
- 13:20Speaker 2: a ramp that goes up at just too much of
- 13:23Speaker 2: an increase in degrees.
- 13:25Speaker 1: Okay, fair enough. Now, how about.
- 13:28Speaker 2: Someone who goes around with a tape measure, goes into
- 13:32Speaker 2: the bathroom and notices the mirror is a quarter inch
- 13:37Speaker 2: too high under ADA rules, or goes out with one
- 13:44Speaker 2: of those bubble what they call those things that goes
- 13:50Speaker 2: out with a level, a bubble level, and the thirteen
- 13:54Speaker 2: degrees or six degrees is actually six point twenty five degrees,
- 14:00Speaker 2: and then goes to court and sues. There is one
- 14:05Speaker 2: of the law firms out there, it's called Manning Law,
- 14:09Speaker 2: based in Orange County.
- 14:11Speaker 1: Well.
- 14:12Speaker 2: Last year seven of the firm's regular clients sued more
- 14:17Speaker 2: than a thousand businesses in southern California for violation of
- 14:21Speaker 2: the idea. There are a few people that go around
- 14:25Speaker 2: and do nothing but make sure that, as they say,
- 14:29Speaker 2: we want people to comply with the law. A quarter
- 14:33Speaker 2: inch really the sink an eighth of an inch or
- 14:38Speaker 2: half an inch too high or too low or too
- 14:41Speaker 2: high actually, and the panel in a elevator off by
- 14:48Speaker 2: half an inch under the ADA.
- 14:50Speaker 1: We sue.
- 14:51Speaker 2: And we're talking about not just a person suing. There
- 14:56Speaker 2: is one guy who's one of the lead plaintiffs who
- 14:59Speaker 2: in September last year.
- 15:01Speaker 1: Had hit two hundred and eighty three lawsuits.
- 15:05Speaker 2: In one case, had gone to a Mexican restaurant and
- 15:09Speaker 2: then went to the Mexican restaurant, then went to a
- 15:11Speaker 2: business next door, and then went to a business two
- 15:14Speaker 2: doors down and started measuring everything. And this is a
- 15:19Speaker 2: real problem, I mean a real problem taking advantage.
- 15:23Speaker 1: Of the law.
- 15:24Speaker 2: There's an easy answer to this, and I don't know
- 15:25Speaker 2: why they don't do this. Now, am I legal, maven?
- 15:29Speaker 1: I am not? But here is the argument.
- 15:32Speaker 2: In California is one of the strictest, if not the
- 15:34Speaker 2: strictest state, where if you're off just a little bit,
- 15:37Speaker 2: then the law has been violated.
- 15:40Speaker 1: Straight out, the law has been violated.
- 15:44Speaker 2: Now to put into place, change the law with one
- 15:47Speaker 2: word reasonable that if a business is in reasonable compliance,
- 15:55Speaker 2: then the lawsuit should not go forward, or if the
- 15:59Speaker 2: business is given enough time to straighten it out.
- 16:02Speaker 1: But they're not, they're not.
- 16:04Speaker 2: This is one of the aspects of California when we
- 16:07Speaker 2: talk about when the rest of the country looks at
- 16:09Speaker 2: us and goes, this is the land of fruits and
- 16:11Speaker 2: twigs and nuts. It is this is the land of plaintiffs' rights.
- 16:17Speaker 2: This is a land of renters' rights. It is pretty
- 16:22Speaker 2: crazy out there. So lawsuits under the ADA. Guess where
- 16:28Speaker 2: the number one state these are filed in? Why it
- 16:31Speaker 2: happens to be California and the settlements and usually what
- 16:36Speaker 2: happens is and I get this question, and it's fairly heartbreaking.
- 16:39Speaker 2: Immigrants that don't speak a lot of English come over
- 16:42Speaker 2: and start their own business, put life savings into businesses,
- 16:45Speaker 2: don't really have the wherewithal to deal with our legal system.
- 16:49Speaker 1: Are sued by.
- 16:51Speaker 2: A plaintiff who takes a wheelchair and rolls up the
- 16:55Speaker 2: ramp and measures the degree and it's off a bit
- 16:59Speaker 2: that the railing is off a bit by half an
- 17:01Speaker 2: inch and sue and it's a violation straight out. If
- 17:05Speaker 2: it's a violation, they get paid. So they settle, and
- 17:09Speaker 2: they settle by the thousands and thousands. And this is
- 17:13Speaker 2: one where, well everybody hates lawyers. I hate lawyers. How
- 17:17Speaker 2: often have you heard the show when anybody see people
- 17:19Speaker 2: think they offend me when they call me on the
- 17:22Speaker 2: show and go, you know, Bille, I hate lawyers.
- 17:23Speaker 1: They go, so do I.
- 17:25Speaker 2: Well, you guys are a bunch of scumbacks. Absolutely couldn't
- 17:29Speaker 2: agree with you more. Well, you shouldn't even be around,
- 17:33Speaker 2: that is correct. You guys shouldn't even be alive. You
- 17:37Speaker 2: are absolutely right. How do you argue with that one?
- 17:41Speaker 1: Huh?
- 17:43Speaker 2: Because I have been the target of some frivolous lawsuits.
- 17:47Speaker 2: Now I've had the wherewithal to fight those things, and
- 17:52Speaker 2: I've had the resources to fight them, and I do,
- 17:55Speaker 2: and I have, and I've been sued a couple of times.
- 17:58Speaker 1: We went to trial. I've won every time.
- 18:00Speaker 2: Because the lawsuits were complete crapola. But if it's someone
- 18:04Speaker 2: if I owned a business, if I owned let's say,
- 18:06Speaker 2: a donut shop, if I owned cleaners and I didn't
- 18:09Speaker 2: speak much English and someone comes in and I get
- 18:11Speaker 2: hit with a lawsuit, that's a pretty frightening thing.
- 18:16Speaker 1: Oh, by the way, just a quick word.
- 18:18Speaker 2: You know that I call lawyer scumbags, but in reality
- 18:23Speaker 2: they are all of them, especially me, not just including me,
- 18:31Speaker 2: especially me. All Right, there's a story I just came
- 18:34Speaker 2: out of the Wall Street Journal, and we've talked about
- 18:36Speaker 2: this before, and that is trading in your cars to
- 18:40Speaker 2: buy another car, and about thirty percent of the car
- 18:43Speaker 2: buyers who do that. I have negative equity. They're upside down.
- 18:48Speaker 2: In other words, the car is worth less than what
- 18:51Speaker 2: the amount of money that's owed on it. And that
- 18:56Speaker 2: is a real problem, and that's growing like crazy. Why
- 18:59Speaker 2: because you have the pandemic era car prices really high,
- 19:03Speaker 2: interest rates gone higher longer term loans for buyers. Is
- 19:08Speaker 2: the way that they're dealing with it. I remember when
- 19:12Speaker 2: even forty eight months to buy a car was insane.
- 19:17Speaker 2: Thirty six months was sort of the outside limit to
- 19:20Speaker 2: lease Ork to buy a car with payments, And now
- 19:25Speaker 2: thirty six months, very few people even bother it's forty eight,
- 19:30Speaker 2: it's fifty six or whatever it is up to seventy
- 19:33Speaker 2: two months. I mean at six year loan, How does
- 19:38Speaker 2: a car keep its value? If you buy a car
- 19:41Speaker 2: for fifty thousand dollars and you're paying it off for
- 19:45Speaker 2: six years, you'll always be underwater. You will always owe
- 19:50Speaker 2: more than what the car is worth. And so how
- 19:53Speaker 2: do we deal with it? Well, actually we don't. About
- 19:59Speaker 2: a third of America trading in that older car have
- 20:01Speaker 2: the negative equity, as I said, and that's been typical
- 20:05Speaker 2: for years. What's different is the average amount that Americans
- 20:10Speaker 2: are underwater that has skyrocketed buyers are trying to unload
- 20:15Speaker 2: cars bought during the pandemic, and the cars were hideously
- 20:18Speaker 2: expensive during the pandemic, and frankly people overpaid.
- 20:22Speaker 1: Now they want to get out of.
- 20:23Speaker 2: Those cars, get into a new car, and so you
- 20:25Speaker 2: use the new car or the car you currently have
- 20:28Speaker 2: as a down payment. But the car's worth eight thousand
- 20:32Speaker 2: dollars and I still owe fifteen thousand dollars on the car.
- 20:35Speaker 2: That means you're walking into a new car contract seven
- 20:40Speaker 2: thousand dollars underwater.
- 20:43Speaker 1: And that is typical.
- 20:45Speaker 2: So what's going on, Well, buyers are taking on much
- 20:49Speaker 2: longer loans to keep the monthly payments reasonable. Unfortunately, in
- 20:55Speaker 2: the first quarter, the average loan was seventy months on
- 20:59Speaker 2: new cars, and car payments and excess of one thousand
- 21:04Speaker 2: dollars are not uncommon at all. Can you imagine if
- 21:08Speaker 2: I had told you five years ago that you're going
- 21:12Speaker 2: to buy a car, and we're not talking about one
- 21:13Speaker 2: hundred thousand dollar car. We're not talking about a seventy
- 21:16Speaker 2: five thousand dollars car. I mean we're talking about it
- 21:18Speaker 2: maybe a sixty fifty sixty thousand dollars car, and it's
- 21:21Speaker 2: going to cost you one thousand dollars a month.
- 21:25Speaker 1: Wow.
- 21:27Speaker 2: Well, one of the reasons the pandemic. Semiconductor supply crunch
- 21:32Speaker 2: led to a shortage of new cars. So because there
- 21:35Speaker 2: are shortage of cars, what happens the vehicle price is sore.
- 21:39Speaker 2: And then you at the same time, people had disposable
- 21:42Speaker 2: income because of the pandemic. You know, money was being
- 21:45Speaker 2: just spent like crazy. It was like pennies from heaven,
- 21:49Speaker 2: and people were willing to pay because they got free
- 21:52Speaker 2: money from the government. So twenty twenty six, right buyers
- 21:58Speaker 2: with negative equity financed an average of fifty six thousand
- 22:02Speaker 2: dollars for a new car. That we're talking about financing
- 22:05Speaker 2: fifty six thousand dollars, and that translates to nine hundred
- 22:10Speaker 2: and thirty two dollars for your typical negative equity borrower.
- 22:14Speaker 2: And that is the highest level every ever recorded. So
- 22:20Speaker 2: you've got a April twenty twenty one. Just five years before,
- 22:24Speaker 2: it was forty one thousand dollars. Now it's fifty six
- 22:27Speaker 2: thousand dollars. That's huge. And also with that, that's another
- 22:31Speaker 2: example of the K economy, where you have people who
- 22:35Speaker 2: have money on the right side of the K. You know,
- 22:39Speaker 2: the line going up and then the other side going
- 22:43Speaker 2: down at an angle. An angle is steeper and it
- 22:46Speaker 2: is far longer. Default rates have risen to the highest
- 22:52Speaker 2: level since ten twenty ten. It just gets really crazy expensive.
- 22:58Speaker 2: And then the other issue becomes electric versus non electric.
- 23:02Speaker 2: I have an EV, and I was I'm giving up
- 23:06Speaker 2: my EV because I find it to be a pain
- 23:07Speaker 2: in the ass because I have range anxiety. And now
- 23:13Speaker 2: all of a sudden, my EV is worth a lot more.
- 23:16Speaker 2: Why because it was happening with gas and we are
- 23:20Speaker 2: fickle society. We are so I mean, what do you do?
- 23:26Speaker 1: You know? Will? Do you have a car? Payments? Or
- 23:30Speaker 1: do you own your car? Do you have my car? Outright?
- 23:33Speaker 1: It's old and I'm just nursing little on See that's
- 23:36Speaker 1: what that's what makes sense. Yeah, gotta do it. Yeah, Neil,
- 23:41Speaker 1: own your car? Not yet? Have a few more payments.
- 23:45Speaker 1: How much are your payments? Oh they're not bad? Maybe
- 23:49Speaker 1: around three something. Oh that is really reasonable for sure. Amy.
- 23:55Speaker 1: Do you own your car? It's really old and it's mine.
- 24:00Speaker 1: See that's the that is the answer. You buy an
- 24:03Speaker 1: old car and buy it when I was old. Oh
- 24:07Speaker 1: you bought a new Oh no, Well, I mean it
- 24:09Speaker 1: wasn't brand new. It was like two or three years old,
- 24:11Speaker 1: but it only had like eleven thousand miles. That's done.
- 24:13Speaker 1: That's basically brand new. And and do you own your car?
- 24:16Speaker 1: I have a couple more years to pay it off. Okay,
- 24:19Speaker 1: what are your payments?
- 24:21Speaker 2: Just understand, you know, it's so unusual only have three
- 24:25Speaker 2: hundred dollars car payments, so unusual.
- 24:29Speaker 1: All right, we're done, guys. That's it. Tech Tuesday coming
- 24:32Speaker 1: right up.
- 24:32Speaker 2: By the way, that when I went around the room,
- 24:35Speaker 2: you guys didn't help me at all, you understand for
- 24:37Speaker 2: this topic. Yeah, this didn't help you know, do me
- 24:41Speaker 2: a favor for the podcast? Kno edit all that out. Okay,
- 24:44Speaker 2: why don't you ask Konoh what did we pay for
- 24:48Speaker 2: Kno's car?
- 24:49Speaker 1: Yeah?
- 24:49Speaker 2: What did we pay for Kono's car? No, Kono, I think? Yeah,
- 24:54Speaker 2: And what are.
- 24:54Speaker 1: Your payments a month? For see? Yeah? See that's still
- 24:59Speaker 1: very very low, okay, really low. Yes, that's crazy. Ten
- 25:05Speaker 1: thousand miles on.
- 25:06Speaker 2: My car for twice in the last two weeks four
- 25:09Speaker 2: point twenty is actually considered low car payment today.
- 25:13Speaker 1: Okay, we're done.
- 25:14Speaker 2: Coming up, Richdmurow Tech Tuesday, kf I am six p forty.
- 25:19Speaker 1: You've been listening to the Bill Handles Show.
- 25:20Speaker 2: Catch my Show Monday through Friday, six am to nine am,
- 25:24Speaker 2: and anytime on demand on the iHeartRadio app