Latest / Stampede of Truth / Moore Money with Steve Moore - The Economy, Right To Try, and Small Businesses

Transcript

Moore Money with Steve Moore - The Economy, Right To Try, and Small Businesses · Stampede of Truth

• 0:00
  Speaker 1: We're back, folks. And one of my favorite organizations that
• 0:03
  Speaker 1: I've worked with for over 30 years now is a
• 0:06
  Speaker 1: group called National Right to Work Foundation. If you believe
• 0:11
  Speaker 1: that every worker should have the right to join a union,
• 0:15
  Speaker 1: but also not to join a union, that seems to
• 0:17
  Speaker 1: me a fundamental freedom that we should have in America,
• 0:20
  Speaker 1: then you should be a member of the National Right
• 0:23
  Speaker 1: to Work Foundation because the unions are trying to force
• 0:25
  Speaker 1: everyone to join their unions and pay union dues and
• 0:28
  Speaker 1: That seems to me to be fundamentally unfair. I'm not
• 0:31
  Speaker 1: against unions, but I am against forcing people to join
• 0:34
  Speaker 1: a union against their will. So Mark Mix has been
• 0:37
  Speaker 1: a longtime president of National Right to Work Foundation. And Mark,
• 0:41
  Speaker 1: thanks so much for what you do.
• 0:43
  Speaker 2: Steve well it's a privilege to be on with you
• 0:45
  Speaker 2: thanks for what you do too your uh unleash prosperity
• 0:48
  Speaker 2: uh morning newsletter is something i read every day.
• 0:50
  Speaker 1: And thank you that makes my day.
• 0:52
  Speaker 2: Yeah yeah no i know a lot of important people
• 0:55
  Speaker 2: read it i'm not one of the most important people
• 0:57
  Speaker 2: that read it but i love it and thank you
• 0:58
  Speaker 2: for your you've been a builder through all this time
• 1:01
  Speaker 2: steve you build things and and you.
• 1:03
  Speaker 1: Well we work with we've always worked closely together mark
• 1:06
  Speaker 1: i've always loved what you do and so um you, uh,
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  Speaker 1: actually one of the reasons I wanted you on, you
• 1:11
  Speaker 1: responded to something we had on the hotline. Uh, you
• 1:14
  Speaker 1: emailed me the other day saying, Hey, because we showed
• 1:16
  Speaker 1: that I think, um, you know, nine of the 10
• 1:19
  Speaker 1: States that were creating the most jobs because the new
• 1:21
  Speaker 1: jobs report had come out just a week or so
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  Speaker 1: ago were, uh, red States. And you pointed out to
• 1:27
  Speaker 1: me that all virtually every one of the States that's,
• 1:30
  Speaker 1: you know, creating, uh, the disproportionate number of jobs are
• 1:33
  Speaker 1: right to work States. And most, by the way, uh,
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  Speaker 1: I want to ask you about that, but first explain
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  Speaker 1: to our listeners what it means to be right to work.
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  Speaker 1: Cause I don't think people completely understand what you all
• 1:47
  Speaker 1: are trying to do in terms of keeping us free.
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  Speaker 3: Yeah.
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  Speaker 2: Well, Steve, you mentioned it and, and, and basically explained it,
• 1:53
  Speaker 2: but we believe that every worker should have the right
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  Speaker 2: to join a union, but no one should be forced
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  Speaker 2: as a condition of getting or keeping a job to
• 2:00
  Speaker 2: pay union dues. 26 states in America today have that
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  Speaker 2: law on the books.
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  Speaker 1: I'm sorry, say that again.
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  Speaker 4: How many?
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  Speaker 2: There are 26 states have that on the books today.
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  Speaker 1: So that is 26 say right to work. You have
• 2:12
  Speaker 1: the right to work.
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  Speaker 2: That's correct. That's correct.
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  Speaker 1: And then the other states are forced union.
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  Speaker 2: That's correct. They, they, a worker can be fired there,
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  Speaker 2: whether they're a good worker, a bad worker, the best worker,
• 2:24
  Speaker 2: the worst worker, they can be fired if they don't
• 2:26
  Speaker 2: tender dues or fees to a labor union. And that's wrong.
• 2:29
  Speaker 1: Yeah, it is wrong. And it also, and one of
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  Speaker 1: the points you made when you and you communicate to
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  Speaker 1: me earlier this week, is that it also leads to
• 2:38
  Speaker 1: fewer jobs and more of the businesses are moving to places, well,
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  Speaker 1: both the businesses and the workers are tending to migrate
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  Speaker 1: to places where you do have the right to choose.
• 2:48
  Speaker 2: Yeah, that's right, Stephen. You opened your show with COVID,
• 2:52
  Speaker 2: talking about COVID and the lockdowns and the economic damage
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  Speaker 2: that did. We did a little study on right-to-work states
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  Speaker 2: versus forced union states from February 2020 to September 2026.
• 3:01
  Speaker 2: And in right-to-work states, the 26 states that have right-to-work laws, 4.6
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  Speaker 2: million jobs above what was the job rate in COVID.
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  Speaker 5: Wow.
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  Speaker 2: The four union states are 126,000 jobs since then. And
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  Speaker 2: if you take Michigan, which repealed their right to work
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  Speaker 2: law in 2023, and you take them, they've lost 166,000
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  Speaker 2: jobs since then. So the four union states have not
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  Speaker 2: even gotten back to where they were post-COVID, pre-COVID, and
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  Speaker 2: the right to work states are flourishing. It's really amazing.
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  Speaker 6: It really is.
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  Speaker 3: Yeah.
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  Speaker 1: So one of the reasons I've always loved this, because
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  Speaker 1: I've never been in favor of forcing people to do
• 3:40
  Speaker 1: things that they don't want to do. I'm pretty libertarian.
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  Speaker 1: I don't think the government should tell you what you
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  Speaker 1: can and can't do unless you're hurting someone else, of course.
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  Speaker 1: And so my first job, I don't know if I've
• 3:49
  Speaker 1: ever told you this, Mark, but I was working as
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  Speaker 1: an usher at sports events and various kinds of events
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  Speaker 1: where they needed people to usher people in and out
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  Speaker 1: for things. And it was a good job, but I
• 4:01
  Speaker 1: was like 18 years old and I was making the
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  Speaker 1: minimum wage. And yet we had to join a union.
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  Speaker 1: And I'm thinking, and they were taking like, I was
• 4:11
  Speaker 1: only earning like $ 2 and 50 cents an hour. And
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  Speaker 1: the union was taking like 20 cents out of every paycheck.
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  Speaker 1: I mean, out of every hour that I was working.
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  Speaker 1: And we used to complain about that. Like we never
• 4:23
  Speaker 1: signed up for this.
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  Speaker 5: Yeah.
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  Speaker 1: Nobody ever asked us whether we wanted to be in
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  Speaker 1: this union and have the union take money out of
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  Speaker 1: our paycheck. And I just thought it was so fundamentally unfair.
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  Speaker 1: And how could they be raising my paycheck when I
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  Speaker 1: was earning the minimum wage, for goodness sake? So I've
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  Speaker 1: always had an instinctive reflex of hostility to unions taking
• 4:47
  Speaker 1: money out of people's paycheck.
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  Speaker 2: Yes, Steve, you know, every summer we have one of
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  Speaker 2: those cases. Well, we have actually several where a high
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  Speaker 2: schooler goes to work for the summer at a grocery
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  Speaker 2: store or some store, and their first paycheck is zero
• 5:00
  Speaker 2: because they have to pay an initiation fee.
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  Speaker 1: And union dues.
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  Speaker 2: So usually when we expose the unions when they do this,
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  Speaker 2: they immediately back off and free it up because they
• 5:09
  Speaker 2: don't like the propaganda. They don't like the information coming
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  Speaker 2: out publicly if that happens. But it happens almost every summer.
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  Speaker 2: Someone gets a first paycheck. Their mom and dad look
• 5:17
  Speaker 2: at it and say, how can you make zero? Well,
• 5:20
  Speaker 2: your experience tells us exactly how that happens.
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  Speaker 1: So where are we with the right to work movement?
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  Speaker 1: I know that every, you know, when the Democrats take
• 5:29
  Speaker 1: charge and they may win Congress, you know, we don't know.
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  Speaker 1: I'm hoping they don't. But right now, the odds are
• 5:35
  Speaker 1: that they will take Congress. Will they try to what
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  Speaker 1: are they going to try to do in terms of
• 5:39
  Speaker 1: right to work? Are they going to try to force union? Remember,
• 5:43
  Speaker 1: we had Karchak. We had all these issues you and
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  Speaker 1: I've worked on. Are they going to try to bring
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  Speaker 1: those back?
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  Speaker 2: Yeah, absolutely they will. In fact, there's a bill in
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  Speaker 2: Congress right now, co-sponsored by every Democrat in the House
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  Speaker 2: and in the Senate, that would repeal all right-to-work laws
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  Speaker 2: across the country, Steve. And that's, you know, people shake
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  Speaker 2: their heads, well, how can they do that?
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  Speaker 7: All of them?
• 6:00
  Speaker 2: Yeah, all of them.
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  Speaker 1: And how they do.
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  Speaker 2: That is that a state's ability to pass a right-to-work
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  Speaker 2: law is a privilege granted by the federal government.
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  Speaker 1: That's ridiculous.
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  Speaker 3: In 1947.
• 6:10
  Speaker 2: Yeah, that's right.
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  Speaker 6: It's a privilege.
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  Speaker 1: What law was that in 1947?
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  Speaker 2: That would be the Taft-Hartley Act.
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  Speaker 1: Oh, we've got to get rid of that law.
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  Speaker 5: Yeah.
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  Speaker 2: They said, well, actually, Taft-Hartley said that they could pass
• 6:22
  Speaker 2: right-to-work laws. They could get outside federal jurisdiction and pass right-to-work.
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  Speaker 3: All right.
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  Speaker 1: Mark, hold that thought. Can you come back for another segment?
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  Speaker 2: I sure can, Steve.
• 6:31
  Speaker 1: Okay. Folks, the More Money Show, we're talking to Mark Mix.
• 6:33
  Speaker 1: We will be right back. We are back, folks. This
• 6:37
  Speaker 1: is the More Money Show. It is an absolutely gorgeous
• 6:40
  Speaker 1: weekend all across the East Coast. So I hope you're
• 6:42
  Speaker 1: having a wonderful weekend. I have been talking to Mark Mix,
• 6:46
  Speaker 1: who is the president of the National Right to Work Foundation.
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  Speaker 1: We've been talking about some of the rules regarding unions.
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  Speaker 1: Before we get back to Mark, I wanted to just
• 6:55
  Speaker 1: let you know, you know, folks, we are Freedom of
• 7:00
  Speaker 1: Speech Radio. So I will be taking your calls in
• 7:02
  Speaker 1: about 10 minutes. I want to hear what you have
• 7:04
  Speaker 1: to say about what do you think about the economy?
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  Speaker 1: I think it's a lot better than the media is
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  Speaker 1: saying it is. If you want to talk about this
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  Speaker 1: right to work issue, we'd love to talk to you
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  Speaker 1: about it. Maybe we have some union members who are listening,
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  Speaker 1: might disagree with us on this, but I think it's
• 7:17
  Speaker 1: a really important issue that we should be talking about.
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  Speaker 1: That's why I brought Mark on. Mark, thanks again for joining.
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  Speaker 1: The one thing that people don't entirely understand is how
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  Speaker 1: is it that the unions can, in other words, if
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  Speaker 1: you're in a union, let's say plant or facility facility,
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  Speaker 1: To get the job, you must join the union and
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  Speaker 1: must pay the dues?
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  Speaker 2: Well, Steve, it used to be when the federal law
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  Speaker 2: basically changed this back in the 1930s and gave unions
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  Speaker 2: this unique power of force and coercion, you actually literally
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  Speaker 2: did have to join a union formally in order to work,
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  Speaker 2: and you had to pay dues. In 1963, the Supreme
• 8:02
  Speaker 2: Court finally got a case on this, whether or not
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  Speaker 2: you could be forced to formally join a private organization.
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  Speaker 2: in a case called General Motors versus NLRB. And they said, no,
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  Speaker 2: it's probably a bridge too far. You have to formally join,
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  Speaker 2: but you can still pay up to 100% of dues
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  Speaker 2: to keep a job. So that's the federal law. So today,
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  Speaker 2: to your point, Steve, if you sign on and come
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  Speaker 2: to work in a plant that has a union, you have,
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  Speaker 2: within 30 days, you have to either join formally or
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  Speaker 2: pay dues. And if you don't, you'll immediately be fired
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  Speaker 2: by the employer.
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  Speaker 1: And that just seems so fundamentally unfair to me, I
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  Speaker 1: know some people may disagree with us on this, but
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  Speaker 1: I don't understand. Now, the unions will say, well, gee,
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  Speaker 1: if everybody doesn't join, these other workers are going to
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  Speaker 1: be what they call free riders, and they're going to
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  Speaker 1: get all these benefits without paying for it.
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  Speaker 2: Yes, Steve, that's a topically kind of attractive argument that
• 8:54
  Speaker 2: unions use very, very often when they talk about right
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  Speaker 2: to work. But the bottom line is this. The union
• 9:00
  Speaker 2: has monopoly power over everyone in the workplace. And so
• 9:03
  Speaker 2: I think your producer's name is Zach. I think I
• 9:05
  Speaker 2: heard that right. If it's Zach and I, Zach and
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  Speaker 2: I vote for a union. You vote no. Unfortunately, Steve,
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  Speaker 2: we win and you're in the union. And now the
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  Speaker 2: union speaks for you. You can't speak to your employer
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  Speaker 2: directly anymore. You can't negotiate your own terms of conditions
• 9:19
  Speaker 2: of employment with the union anymore. Because everything that happens
• 9:22
  Speaker 2: in that workplace, now that Zach and I have unionized you,
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  Speaker 2: goes through the union official.
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  Speaker 1: So now how does this apply, Mark, to– because we're
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  Speaker 1: getting a lot of– I've got a bunch of emails
• 9:32
  Speaker 1: and texts from people. People are angry about this, angry
• 9:36
  Speaker 1: about the fact that you can be forced to join
• 9:38
  Speaker 1: the union. What about the fact that unions this year
• 9:42
  Speaker 1: and just the last six months have been spending a
• 9:44
  Speaker 1: lot of money on these campaigns trying to elect Democrats–
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  Speaker 1: And now if I'm a worker, can my dues be
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  Speaker 1: used even if I'm a Republican to help elect Democrats?
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  Speaker 1: I mean, what if they're pursuing candidates that I don't like?
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  Speaker 2: Yeah, absolutely.
• 10:00
  Speaker 3: Steve.
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  Speaker 2: That's probably one of the greatest injustices of forced unionism
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  Speaker 2: is the idea that you can be forced to pay
• 10:06
  Speaker 2: for ideological and political causes you disagree with. And we've
• 10:09
  Speaker 2: litigated that.
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  Speaker 1: That's un-American.
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  Speaker 8: We've litigated that.
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  Speaker 2: Yeah, exactly. We've gone all the way up to the U.S.
• 10:14
  Speaker 2: Supreme Court on this, and we've won some minor victories.
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  Speaker 2: But ultimately, ultimately, union money is fungible. So in one instance,
• 10:21
  Speaker 2: they can use political money and they can use general
• 10:24
  Speaker 2: treasury money to get out the vote, to register voters,
• 10:27
  Speaker 2: to give out information publicly. And that money that is
• 10:32
  Speaker 2: used is part of the money that's collected from workers
• 10:34
  Speaker 2: that would oppose it. In fact, we just won a
• 10:36
  Speaker 2: case on behalf of a Southwest flight attendant saying, where
• 10:40
  Speaker 2: she was upset that her money was being spent on
• 10:42
  Speaker 2: politics and ideas that she didn't like. They went to
• 10:44
  Speaker 2: a jury trial, Steve, and the jury awarded her $ 5
• 10:46
  Speaker 2: million in damages because she lost her job. She lost
• 10:50
  Speaker 2: her job. The union had her fired because she was, quote,
• 10:55
  Speaker 2: talking too privately to the union official saying, don't spend
• 10:58
  Speaker 2: my money on this. You have no idea what you're doing.
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  Speaker 1: Now, were you representing her?
• 11:02
  Speaker 2: We did. We represented her.
• 11:03
  Speaker 6: Oh, thank you.
• 11:04
  Speaker 1: This is the reason, folks, you have to join the,
• 11:07
  Speaker 1: National Right to Work Foundation. They are protecting our freedoms.
• 11:10
  Speaker 1: But my sidekick here, Zach, had a question and a comment. Zach,
• 11:13
  Speaker 1: go ahead.
• 11:15
  Speaker 9: Yeah, I'm just curious. So you're voted in for unionization.
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  Speaker 9: It takes over the workplace. Is there any way for potential,
• 11:29
  Speaker 9: I guess, other unions to get involved? How do you
• 11:31
  Speaker 9: break that unionization once it's taken over?
• 11:34
  Speaker 1: Yeah, good point. Because sometimes, by the way, These unions,
• 11:38
  Speaker 1: you know, were voted in 20 years ago. And the
• 11:40
  Speaker 1: workers who are there representing, they never even voted for these,
• 11:43
  Speaker 1: the leaders.
• 11:44
  Speaker 4: Of the union. Yeah.
• 11:45
  Speaker 2: Yes, even worse than that is that only 6% of
• 11:49
  Speaker 2: union members in this country, they ever voted to be
• 11:51
  Speaker 2: in a union. These unions are, quote, legacy operations. And Zach,
• 11:55
  Speaker 2: to your point, getting in. Getting in is very easy.
• 11:58
  Speaker 2: Getting out is very difficult. You can do it, but
• 12:00
  Speaker 2: no other union can come in and try to make
• 12:04
  Speaker 2: a better deal with you for up to three years
• 12:08
  Speaker 2: after a union is certified because unions have monopoly power.
• 12:12
  Speaker 2: There's just no instance where the union can come in.
• 12:14
  Speaker 2: In order to get rid of a union, you've got
• 12:16
  Speaker 2: to file a decertification petition and work your way through that. Currently,
• 12:20
  Speaker 2: right now, we have, I think, 135 cases registered. on
• 12:23
  Speaker 2: behalf of individual employees across the country and groups of
• 12:25
  Speaker 2: employees that want to decertify their union and try to
• 12:28
  Speaker 2: get out. Getting through that process is extremely difficult. And
• 12:32
  Speaker 2: the unions simply make allegations and say, well, the employer's
• 12:35
  Speaker 2: putting them up to it, and they block it. But
• 12:37
  Speaker 2: we've got 290 active cases right now on behalf of
• 12:42
  Speaker 2: employees that have courage to stand up and fight this.
• 12:44
  Speaker 2: And it's really important that we fight it because Your
• 12:47
  Speaker 2: point again.
• 12:48
  Speaker 8: Steve, about the politics.
• 12:50
  Speaker 2: Unions are wards of government action. Their power and privilege
• 12:53
  Speaker 2: is a result of government action, not selling products to
• 12:57
  Speaker 2: customers that want to buy their services, but a government
• 13:00
  Speaker 2: that says, you have this power. You're a private organization.
• 13:03
  Speaker 8: It's unique to them.
• 13:04
  Speaker 2: And so that's why they have to be involved in politics.
• 13:06
  Speaker 2: Their power is a derivative of government action.
• 13:09
  Speaker 1: So I want to go back to a point you
• 13:11
  Speaker 1: made earlier, Mark, because I want to make sure I
• 13:14
  Speaker 1: got this right. You said, I think you said that
• 13:17
  Speaker 1: only 6% of the union workers actually voted for the current.
• 13:22
  Speaker 1: What was that statistic you gave? I mean, you know,
• 13:26
  Speaker 1: go ahead.
• 13:27
  Speaker 2: Yep. Basically, only about 6% of all union members in
• 13:30
  Speaker 2: this country have ever voted to be in the union,
• 13:33
  Speaker 2: had a chance to vote.
• 13:33
  Speaker 4: What? 6%?
• 13:34
  Speaker 2: Why not?
• 13:35
  Speaker 4: Yeah.
• 13:38
  Speaker 6: Think about UAW. Yeah.
• 13:40
  Speaker 2: In 1937, the UAW was unionized over the automotive plants.
• 13:44
  Speaker 2: That was Walter Ruther and the sit-down strike. Not one
• 13:47
  Speaker 2: union member that currently works in the automotive industry for Chrysler, Ford,
• 13:51
  Speaker 2: or GM has ever voted to be in the union.
• 13:53
  Speaker 2: So think about that.
• 13:54
  Speaker 1: Are you serious? That's unbelievable, folks. I mean, that's what
• 13:57
  Speaker 1: we have to do, Mark. I mean, do you have
• 13:59
  Speaker 1: these statistics for all the major unions about how many,
• 14:02
  Speaker 1: what percent actually the current workers voted for that union? Yeah.
• 14:06
  Speaker 2: Yeah, we do. Actually, this is a study that the
• 14:08
  Speaker 2: Heritage Foundation put out, Steve.
• 14:10
  Speaker 1: Okay, I got it. We got to see.
• 14:12
  Speaker 2: Yeah, you can put that in the hotline. Yeah, they
• 14:14
  Speaker 2: had the data that literally union members today, whether they
• 14:18
  Speaker 2: be public or private, only 6%, I think, is the
• 14:21
  Speaker 2: number that Heritage had. I'm pretty sure that's the number.
• 14:24
  Speaker 2: have ever actually voted to be in the union now
• 14:27
  Speaker 2: in the public sector we're starting to change that with
• 14:30
  Speaker 2: recertifications where ah recertification okay yeah yeah you'd have a
• 14:34
  Speaker 2: vote every two years or every three years about whether
• 14:36
  Speaker 2: or not you want to continue being having the union
• 14:39
  Speaker 2: represent you that that's an interesting.
• 14:41
  Speaker 1: Legislative has that been happening.
• 14:44
  Speaker 2: It's been happening in states yep it's been happening have
• 14:46
  Speaker 2: there been.
• 14:47
  Speaker 1: Any unions who've been decertified Oh, absolutely.
• 14:49
  Speaker 2: Under Act 10, under Scott, oh my gosh, the governor there,
• 14:55
  Speaker 2: Act 10 back in 2010, Scott Walker, there you go, Steve,
• 14:59
  Speaker 2: thank you. Recertification was part of it. 60% of the unions,
• 15:03
  Speaker 2: the representation of unions in the state actually walked away
• 15:07
  Speaker 2: because they couldn't get recertified. So it's a really interesting
• 15:11
  Speaker 2: study when you go back and say, hey, you know,
• 15:13
  Speaker 2: everyone thinks that, well, the union's been here, it's always
• 15:15
  Speaker 2: going to be here, it's always been here. But no,
• 15:17
  Speaker 2: if you actually have a vote of workers and you
• 15:20
  Speaker 2: can't get a majority of those that are working, then
• 15:23
  Speaker 2: in Wisconsin under the public sector, that union has to
• 15:25
  Speaker 2: walk away. So there's great examples.
• 15:28
  Speaker 1: Thank you, Michael. So we've only got a few minutes
• 15:30
  Speaker 1: left and I just wanted to ask a couple of
• 15:33
  Speaker 1: last questions in our last few minutes. Number one, one
• 15:36
  Speaker 1: of the things when I talk to workers who have
• 15:40
  Speaker 1: been forced into union and one of the reasons they
• 15:42
  Speaker 1: don't like it is, you know, if you're a really
• 15:45
  Speaker 1: star employee, and you're much more productive than everybody else,
• 15:51
  Speaker 1: you can't get rewarded for your own, because everybody's sort
• 15:54
  Speaker 1: of in the same boat. They're on the same pay scale,
• 15:57
  Speaker 1: et cetera. And so the problem with unions is it
• 16:00
  Speaker 1: doesn't reward excellence. And the excellent workers are saying that's
• 16:03
  Speaker 1: not fair to them.
• 16:05
  Speaker 2: That's absolutely true. That's absolutely true. It's not meritocracy. So
• 16:08
  Speaker 2: if you make eight widgets and the guy next to
• 16:10
  Speaker 2: you makes four widgets, and he's been there 10 years longer,
• 16:13
  Speaker 2: he's going to make more money.
• 16:15
  Speaker 1: Yeah, that's ridiculous. That's outrageous. That's not fair. The other
• 16:18
  Speaker 1: point I wanted to make in just our last couple
• 16:19
  Speaker 1: of minutes, and again, I just wanted to get validation
• 16:23
  Speaker 1: from you that this is true, that when we're talking
• 16:26
  Speaker 1: about unions now, Mark, isn't it really true? We're mostly
• 16:31
  Speaker 1: talking about government unions because only, I think, less than
• 16:36
  Speaker 1: 10% of American private sector workers are even in a
• 16:39
  Speaker 1: union today.
• 16:41
  Speaker 2: Yeah, that's right. Only 5.9% of the private sector unions.
• 16:44
  Speaker 8: 5.9%, wow.
• 16:45
  Speaker 2: Yes.
• 16:45
  Speaker 1: So when we talk about unions, we're really talking about
• 16:49
  Speaker 1: the government unions for the most part.
• 16:51
  Speaker 2: Yeah, as union density, Steve, there's actually about 7 million
• 16:55
  Speaker 2: private sector union members in the country and 7 million
• 16:58
  Speaker 2: public sector union members in the country. So it's 50-50
• 17:00
  Speaker 2: on actual membership, but the density question is the one
• 17:03
  Speaker 2: that you're interested in.
• 17:04
  Speaker 1: Yeah, yeah. So most government workers are in a union,
• 17:08
  Speaker 1: whereas most... private sector workers or not.
• 17:12
  Speaker 2: That is correct. That is correct.
• 17:14
  Speaker 4: Yep.
• 17:14
  Speaker 1: And so a lot of the political power, one of
• 17:17
  Speaker 1: the reasons that the unions are always for more government
• 17:20
  Speaker 1: is because they're government workers.
• 17:22
  Speaker 8: Absolutely.
• 17:23
  Speaker 2: It's the final frontier for organized labor, Steve. It's, you know,
• 17:26
  Speaker 2: there the bottom line doesn't matter. Apparently it does matter.
• 17:29
  Speaker 2: And you know better than most that it will matter
• 17:31
  Speaker 2: in the future. The pension liabilities, the health care liabilities,
• 17:34
  Speaker 2: all those things.
• 17:35
  Speaker 1: Oh, it's bankrupting our country.
• 17:36
  Speaker 2: Yeah, exactly. And that will.
• 17:40
  Speaker 1: Yeah, so this is one last point, and then we've
• 17:43
  Speaker 1: got to take a break. But the jobs are being created,
• 17:47
  Speaker 1: not just this past year, but over the last 25 years.
• 17:50
  Speaker 1: So many of the states that are right to work
• 17:53
  Speaker 1: are just blowing away the forced union states. I mean,
• 17:56
  Speaker 1: you look at South Carolina, you look at Alabama, you
• 17:58
  Speaker 1: look at Florida, you look at Texas. That's where the
• 18:00
  Speaker 1: jobs are being created. Then you look at the states
• 18:03
  Speaker 1: that are losing jobs, and that's New York, that's Illinois,
• 18:06
  Speaker 1: that's Michigan, et cetera. So there's a lesson there, isn't there?
• 18:10
  Speaker 2: There really is, Stephen. And that's why I sent you
• 18:12
  Speaker 2: the little note the other day is because you listed
• 18:15
  Speaker 2: the top 10 states. And actually, now with new data,
• 18:17
  Speaker 2: all 10 are top right-to-work states, is that they all
• 18:20
  Speaker 2: have different policies for energy and taxation and rules and regulations.
• 18:24
  Speaker 2: But the one common denominator is a right-to-work law. And
• 18:27
  Speaker 2: right-to-work is, you know, just in private sector job growth,
• 18:30
  Speaker 2: it's basically double in right-to-work states than on right-to-work states.
• 18:33
  Speaker 1: Amazing.
• 18:34
  Speaker 2: Well, Mark– Go ahead.
• 18:35
  Speaker 1: Thanks for everything that you do. We're up against a heartbreak.
• 18:39
  Speaker 1: Pleasure to have you on. Come on again soon, because
• 18:41
  Speaker 1: I know just from looking at my email and my texts,
• 18:44
  Speaker 1: we're getting a lot of response on this. And folks,
• 18:46
  Speaker 1: when we get right back, we will take your calls.
• 18:49
  Speaker 1: And I'd love your thoughts about this. If you're a
• 18:51
  Speaker 1: union member and you disagree with us, I'd love to
• 18:53
  Speaker 1: hear from you. If you think unions are the most
• 18:55
  Speaker 1: wonderful thing and everybody should be forced to join a union,
• 18:59
  Speaker 1: let's have at it. We're Freedom of Speech Radio. Just
• 19:02
  Speaker 1: to remind you, that number, we have one line open
• 19:04
  Speaker 1: right now, 1-800- 848-9222. Should people be forced to join
• 19:09
  Speaker 1: a union? That's the question we'll discuss. Mark, thanks for
• 19:11
  Speaker 1: joining us. And we'll be right back. This is The
• 19:14
  Speaker 1: More Money Show. We're back, folks. This is The More
• 19:17
  Speaker 1: Money Show. Hope you're having a wonderific weekend. It is
• 19:20
  Speaker 1: beautiful in almost all the parts of the country that
• 19:23
  Speaker 1: we reach. We reach stations all across the U.S.
• 19:28
  Speaker 4: Of A.
• 19:28
  Speaker 1: We were talking before we took the break about whether
• 19:32
  Speaker 1: people should be forced to join a union. We were
• 19:34
  Speaker 1: also talking about the overall U.S. economy, and the switchboards
• 19:38
  Speaker 1: are just lit up. So let's get right to the callers.
• 19:41
  Speaker 1: I'd love to hear from what Americans throughout the country
• 19:44
  Speaker 1: think about these issues because we learn a lot from you.
• 19:47
  Speaker 1: Thank you all for calling in. We might not be
• 19:49
  Speaker 1: able to get all the calls. because we have so
• 19:50
  Speaker 1: many lined up, but let's get through as many as
• 19:52
  Speaker 1: we can. Minister, producer, Elias, let's start with Monique.
• 20:00
  Speaker 10: Hi, thank you for taking my call.
• 20:02
  Speaker 1: Yes.
• 20:03
  Speaker 10: Thank you for taking my call. I'm in the Lower
• 20:06
  Speaker 10: Hudson Valley here in Cherrytown, and the grocery bills are horrendous.
• 20:11
  Speaker 10: And so the question is, I know there's diesel.
• 20:13
  Speaker 11: That's an issue.
• 20:14
  Speaker 10: I just wanted a broad question.
• 20:16
  Speaker 5: Is how is like the the.
• 20:21
  Speaker 10: The farm labor issue being addressed, given the fact that
• 20:25
  Speaker 10: so many are migrant workers and issues about visas, issues
• 20:32
  Speaker 10: about minimum wage, how is that impacting migrant workers?
• 20:36
  Speaker 1: Well, first of all, let me ask you, Monique, great question.
• 20:39
  Speaker 1: Are you in favor of migrant workers or against them?
• 20:43
  Speaker 10: I think that there should be a controlled way for
• 20:47
  Speaker 10: people to still have their families at home, and then
• 20:50
  Speaker 10: they can come to work. That was something that was
• 20:52
  Speaker 10: done when Eastern Europeans would come to France and gather
• 20:56
  Speaker 10: grapes or go pick up tulip bulbs. Because the dollar
• 21:02
  Speaker 10: goes a lot further in certain countries than here. So
• 21:05
  Speaker 10: having sort of a controlled system of... labor that would
• 21:10
  Speaker 10: help because i don't think we're going to find a
• 21:12
  Speaker 10: lot of americans wanting to pick strawberries or other.
• 21:16
  Speaker 1: There's no doubt uh money great call thank you for
• 21:18
  Speaker 1: calling i call i i take callers because we have
• 21:21
  Speaker 1: so many smart people listening to the show and i
• 21:23
  Speaker 1: know you're smart money because i agree with you we
• 21:25
  Speaker 1: do have a migrant uh worker program that the people
• 21:28
  Speaker 1: who pick the fruits and vegetables and do so much
• 21:30
  Speaker 1: of the agricultural work in the united states Our migrant
• 21:34
  Speaker 1: immigrant workers who've come in and they work their butts off. And,
• 21:38
  Speaker 1: you know, I've been a lot of these farmers. They're
• 21:40
  Speaker 1: the hardest workers you'll ever see. And they are an asset,
• 21:43
  Speaker 1: in my opinion, to the United States. And my opinion,
• 21:46
  Speaker 1: by the way, is if someone is in this country
• 21:48
  Speaker 1: working and contributing to our economy, yes, we want them here. Uh,
• 21:53
  Speaker 1: if they're in this country and going on welfare or
• 21:55
  Speaker 1: rioting in the streets or joining gangs, we got to,
• 21:58
  Speaker 1: you know, Trump is absolutely right to deport those people.
• 22:01
  Speaker 1: And he, by the way, he's made our country much
• 22:03
  Speaker 1: safer as a result of that policy. But I don't,
• 22:06
  Speaker 1: I don't like this idea of going into like these
• 22:08
  Speaker 1: fields and rounding up all the, you know, migrant workers.
• 22:11
  Speaker 1: Some of them are legal. Some of them aren't and
• 22:13
  Speaker 1: then deporting them. Uh, they're here to work and they're
• 22:16
  Speaker 1: here to get a paycheck and they're working hard and they're,
• 22:18
  Speaker 1: they're contributing to our economy. I favor something like a
• 22:22
  Speaker 1: fine that someone like that would have to pay as
• 22:25
  Speaker 1: a penalty for coming in the country illegally. I know
• 22:29
  Speaker 1: this is a controversial position, but I don't think those
• 22:31
  Speaker 1: are the people who should be deported. Trump, in his
• 22:35
  Speaker 1: first year in office, did a great job of getting
• 22:37
  Speaker 1: rid of the bad people, the people who are dangerous criminals.
• 22:41
  Speaker 1: They're potential terrorists. They're people who are joining gangs. They're
• 22:45
  Speaker 1: drug runners. Yes, thank you, Donald Trump, for deporting those people. Remember,
• 22:49
  Speaker 1: 6 million came in under Biden without any regulations at all.
• 22:53
  Speaker 1: But the fact that we have migrant workers actually helps
• 22:56
  Speaker 1: us try to keep the food prices down. And Monique
• 22:59
  Speaker 1: is right. The food prices have gone up. They'd go
• 23:01
  Speaker 1: up even faster if we didn't have access to this labor.
• 23:04
  Speaker 1: That's my humble opinion. Great call, Monique. Let us go
• 23:07
  Speaker 1: to Carol. Carol, what have you got for us?
• 23:11
  Speaker 8: Hi, with the Democrats making such political hay out of
• 23:14
  Speaker 8: the high price of gas at the pump, why don't
• 23:16
  Speaker 8: I hear the Republicans pushing back and saying, pushing for
• 23:19
  Speaker 8: legislation that requires that they put the taxes that you're
• 23:23
  Speaker 8: paying for that gas at the pump. And so we
• 23:25
  Speaker 8: know what the real price is.
• 23:26
  Speaker 1: Yes, yes, yes, yes. I love that, Carl. Great idea.
• 23:31
  Speaker 8: Larry Kudlow, because he never says that. He just caves
• 23:35
  Speaker 8: into the price of gas at the high. He doesn't
• 23:37
  Speaker 8: tell anybody why it's high.
• 23:38
  Speaker 4: Yeah, right.
• 23:38
  Speaker 1: Well, Larry's one of my best buddies. I love Larry.
• 23:41
  Speaker 1: But I think he would agree. Let's post the tax.
• 23:44
  Speaker 1: I mean, you know, the tax in California is so high.
• 23:48
  Speaker 1: The tax in New Jersey is high. This gets to
• 23:50
  Speaker 1: the reason why are gas prices so much higher in
• 23:54
  Speaker 1: blue states? Because they have environmental rules, because they have regulations,
• 23:59
  Speaker 1: because they have high taxes that raise the price, as
• 24:02
  Speaker 1: I said earlier. Carl, that people in California are paying $ 1. 25
• 24:07
  Speaker 1: to $ 1. 50 more per gallon to fill up because of
• 24:10
  Speaker 1: all their stupid taxes and regulations. I know this personally,
• 24:13
  Speaker 1: by the way, because last week I was in Los
• 24:15
  Speaker 1: Angeles and I'm driving down the streets of LA and
• 24:19
  Speaker 1: every station is $ 6. 25, $ 6. 49, $ 6. 39 a gallon. I'm like,
• 24:23
  Speaker 1: oh my God, I haven't seen prices like this anywhere
• 24:26
  Speaker 1: else in the country. These states, these blue states are
• 24:29
  Speaker 1: the ones that have driven up the price of gasoline
• 24:32
  Speaker 1: in their own states. And yet these blue state politicians say, oh,
• 24:35
  Speaker 1: put us in an office. We're going to bring the
• 24:37
  Speaker 1: price of gasoline down. It's ridiculous. That's never going to happen.
• 24:40
  Speaker 3: Okay.
• 24:40
  Speaker 1: Great call, Carl. Again, we're hitting 100% so far, but
• 24:44
  Speaker 1: let's go to Lewis.
• 24:47
  Speaker 5: Hey, Steve.
• 24:49
  Speaker 4: Hi.
• 24:50
  Speaker 12: Hey, Steve. Quick question. I respect your opinion on all that.
• 24:53
  Speaker 12: But when they say Medicare for all, I think it
• 24:56
  Speaker 12: should be for all but senior citizens who it was
• 24:58
  Speaker 12: created for because they're going to mean something.
• 25:00
  Speaker 1: Exactly.
• 25:01
  Speaker 12: They're going to be excessive. When young people, if they're
• 25:05
  Speaker 12: hurt or something, they need a hip up, they're going
• 25:07
  Speaker 12: to put the seniors at the back of the queue.
• 25:09
  Speaker 1: Oh, of course they are. Lewis, again, you are so
• 25:13
  Speaker 1: 100% correct, my friend. Another great call, Lewis. Thank you
• 25:17
  Speaker 1: for calling in. I've got to cut you short. No, look,
• 25:20
  Speaker 1: I want to just say one quick thing before we
• 25:23
  Speaker 1: have to take a hard break, Lewis. Great, great point.
• 25:25
  Speaker 1: I'm so glad you called in. Look, we have an
• 25:28
  Speaker 1: ad coming out at Unleashed Prosperity. that basically shows the
• 25:32
  Speaker 1: Democrats throwing granny off the cliff. Because if you have
• 25:37
  Speaker 1: Medicare for all, folks, that will bankrupt the Medicare system.
• 25:41
  Speaker 1: And the 80 million senior citizens who get Medicare are
• 25:45
  Speaker 1: going to lose their health care coverage. Let me say
• 25:47
  Speaker 1: that again. If we have Medicare for all, right, Zach,
• 25:51
  Speaker 1: Medicare will go bankrupt. This is part of the plan
• 25:54
  Speaker 1: of Bernie Sanders. They even say it. Medicare will be
• 25:57
  Speaker 1: gone in four years. How are they going to pay
• 26:00
  Speaker 1: for 100 million people to get free health care in
• 26:02
  Speaker 1: this country? It makes no sense, folks. This is going
• 26:06
  Speaker 1: to lead to bankruptcy of the Medicare system, and it's
• 26:09
  Speaker 1: going to lead to a bankruptcy of our country. We
• 26:11
  Speaker 1: cannot allow Medicare for all. If the Democrats take Congress,
• 26:15
  Speaker 1: hold on to your hats. They may do it. All right,
• 26:17
  Speaker 1: we got to wrap up against a heartbreak. This is
• 26:19
  Speaker 1: the More Money Show, and we will be back shortly.
• 26:33
  Speaker 1: We're back, folks. This is The More Money Show. Hope
• 26:35
  Speaker 1: you're having a wonderful weekend. I hope you all get
• 26:38
  Speaker 1: our Unleashed Prosperity Hotline that comes out five mornings a week.
• 26:41
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• 26:44
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• 26:47
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• 26:50
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• 26:52
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• 26:54
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• 26:56
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• 27:01
  Speaker 1: Is it right? Right on the front. I'm just looking
• 27:04
  Speaker 1: at it right now. Right smack on the homepage. Click
• 27:07
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• 27:10
  Speaker 1: four or five days for you to get in the system.
• 27:12
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• 27:13
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• 27:15
  Speaker 1: you don't like it, just unsubscribe. So please get it.
• 27:18
  Speaker 1: I mention that because one of the people who is
• 27:20
  Speaker 1: a regular contributor to the Hotline is E.J. Antoni, who
• 27:25
  Speaker 1: is an economist who works with us at Unleashed Prosperity.
• 27:27
  Speaker 1: By the way, if you're not familiar with our group,
• 27:30
  Speaker 1: we're celebrating our 10 year anniversary next week. How about this?
• 27:33
  Speaker 1: We got Larry Kudlow, the founders, Larry Kudlow, Art Laffer,
• 27:37
  Speaker 1: Steve Forbes, myself, and we've got all sorts of great
• 27:39
  Speaker 1: economists like EJ and Tony, who's also the chief economist
• 27:42
  Speaker 1: at the Heritage Foundation. We have Thomas Philipson, who you
• 27:45
  Speaker 1: see him all the time in the Wall Street Journal.
• 27:47
  Speaker 1: He worked as a chief economist at the, in the
• 27:50
  Speaker 1: Trump administration, et cetera, et cetera. So please do sign
• 27:53
  Speaker 1: up for that. But EJ, thanks for joining.
• 27:57
  Speaker 13: Well, Steve, it's my pleasure. Thank you for having me again.
• 28:00
  Speaker 1: Okay, so a lot to cover, E.J., this afternoon. Thanks
• 28:04
  Speaker 1: again for coming in on a weekend to join us.
• 28:09
  Speaker 1: I say the economy is a B to a B-plus economy.
• 28:13
  Speaker 1: I think that if you look at so many of
• 28:14
  Speaker 1: the statistics, they look strong. Uh, but Americans consumer confidence
• 28:20
  Speaker 1: is down. A lot of Americans are really down on
• 28:22
  Speaker 1: the economy. I think one of the reasons for that
• 28:25
  Speaker 1: EJ is that the media has been so negative because
• 28:28
  Speaker 1: they hate Trump. Uh, I read that 90% of the
• 28:31
  Speaker 1: stories on the economy are negative. And I look, I
• 28:33
  Speaker 1: understand people don't like paying high gas prices. I don't
• 28:36
  Speaker 1: earn high food prices, but what is your overall assessment
• 28:40
  Speaker 1: of where we are with the U S economy right now?
• 28:44
  Speaker 5: Steve, I think you're absolutely right.
• 28:46
  Speaker 13: BB plus. Look, if you take out energy prices, things
• 28:50
  Speaker 13: are really going like gangbusters. When we look at the
• 28:53
  Speaker 13: investment numbers, we are killing it there. Even the personal
• 28:57
  Speaker 13: consumption expenditure or the consumer spending numbers, those are doing well.
• 29:01
  Speaker 1: By the way, can I just interrupt you for one
• 29:03
  Speaker 1: second there? Because I always, I mean, that's an important
• 29:05
  Speaker 1: point you're making is that people are spending money and
• 29:08
  Speaker 1: they're continuing to buy And so the Wall Street Journal
• 29:11
  Speaker 1: had an interesting chart on the front page of the paper,
• 29:13
  Speaker 1: I think it was about a week ago, showing consumer
• 29:15
  Speaker 1: confidence down, but consumer spending up. And I'm like, well,
• 29:17
  Speaker 1: wait a minute, that seems almost like a contradiction.
• 29:21
  Speaker 5: It really does.
• 29:22
  Speaker 4: Now, look, granted, you do have to adjust for inflation.
• 29:25
  Speaker 6: Yeah, you do.
• 29:26
  Speaker 1: That's true.
• 29:28
  Speaker 13: So some of the increase we've seen in consumer spending
• 29:31
  Speaker 13: this year is just that people are spending more on gasoline.
• 29:34
  Speaker 13: But if you look at the overall amount of the
• 29:36
  Speaker 13: consumer's budget that goes to gasoline, it's relatively small. small
• 29:40
  Speaker 13: and it doesn't come anywhere near to accounting for the
• 29:43
  Speaker 13: huge increase we have seen in things like retail sales.
• 29:47
  Speaker 13: So at the end of the day, I think folks
• 29:49
  Speaker 13: are definitely upset about gas prices, and that's really what's
• 29:52
  Speaker 13: driving this whole narrative that the economy is not that
• 29:56
  Speaker 13: great right now. The manufacturing sector is absolutely killing it.
• 29:59
  Speaker 13: We are adding jobs this year for the first time
• 30:02
  Speaker 13: in three years. We forget that the last two years
• 30:05
  Speaker 13: under Biden, the manufacturing sector was in a big decline.
• 30:09
  Speaker 13: That has reversed.
• 30:10
  Speaker 6: It's back on the upswing.
• 30:11
  Speaker 13: That's great news, especially for folks, obviously, who work. In
• 30:15
  Speaker 13: that industry, as you know, Steve, so I think it's
• 30:18
  Speaker 13: a lot like when we looked at egg prices, when
• 30:21
  Speaker 13: Trump first came into office, egg prices started skyrocketing at
• 30:25
  Speaker 13: the end of Biden's term because their crazy policy of
• 30:28
  Speaker 13: killing all these egg-laying hens to try to combat birds.
• 30:31
  Speaker 13: flu which was silly it didn't make sense it didn't
• 30:34
  Speaker 13: work and that's why the trump administration reversed it but
• 30:37
  Speaker 13: there was a narrative for a while that food prices
• 30:40
  Speaker 13: were exploding and people believed it because that's what the
• 30:42
  Speaker 13: media told them over and over and over again and
• 30:45
  Speaker 13: now that egg prices are way down nobody's talking about it.
• 30:49
  Speaker 1: Yeah they don't talk about egg prices anymore so the
• 30:52
  Speaker 1: uh the inflation rate's still running at what are you
• 30:56
  Speaker 1: about 3.8 percent uh year over year right now is
• 30:59
  Speaker 1: that what's the what's the latest reading on inflation Right.
• 31:02
  Speaker 6: And exactly.
• 31:03
  Speaker 13: So that's the CPI, the Consumer Price Index.
• 31:06
  Speaker 5: Yes.
• 31:06
  Speaker 13: The PCE Price Index is a little bit cooler than that,
• 31:10
  Speaker 13: which is usually the case just because of how the
• 31:12
  Speaker 13: two different indexes are constructed and how they follow prices
• 31:15
  Speaker 13: over time. So we're definitely over that 2% target that
• 31:19
  Speaker 13: the Fed wants to see.
• 31:20
  Speaker 7: Yes.
• 31:21
  Speaker 5: And I think that's part of the reason.
• 31:22
  Speaker 4: Why we saw that, or I should say that is
• 31:25
  Speaker 4: the reason why we saw the Fed tighten in their
• 31:27
  Speaker 4: last meeting.
• 31:28
  Speaker 3: Yeah.
• 31:29
  Speaker 1: Well, my own opinion is that the Fed should be
• 31:31
  Speaker 1: shooting for zero now, since we've had high inflation for
• 31:34
  Speaker 1: the last few years, especially under Biden. I think a
• 31:37
  Speaker 1: lot of people would like to see that inflation rate
• 31:40
  Speaker 1: number come down to zero for a while because the
• 31:42
  Speaker 1: prices have gone up so much. When you look at,
• 31:46
  Speaker 1: you did the great analysis of the jobs and in
• 31:50
  Speaker 1: the states, and you're the one who showed that almost
• 31:53
  Speaker 1: all the job increase has been in the red states.
• 31:58
  Speaker 1: And the blue states are the ones that actually have
• 32:00
  Speaker 1: been falling behind in job creation. And yet the Democrats say, well,
• 32:04
  Speaker 1: if you put us in, we're going to create jobs,
• 32:06
  Speaker 1: but they're not creating jobs in their own states.
• 32:10
  Speaker 5: That's exactly right, Steve.
• 32:13
  Speaker 13: If you just give us more power, we promise we'll
• 32:16
  Speaker 13: do what we haven't been able to do with the power.
• 32:18
  Speaker 5: You've already given us. Something like that. Because you're absolutely right.
• 32:21
  Speaker 5: The same policies that they've already implemented in their own states,
• 32:26
  Speaker 5: which have.
• 32:27
  Speaker 13: Produced the disastrous results of having low job growth, for example.
• 32:32
  Speaker 13: By the way, it's particularly low private sector growth. There
• 32:36
  Speaker 13: are certain states where the only job gains they've seen
• 32:39
  Speaker 13: since the pandemic have been in government, not in the
• 32:42
  Speaker 13: productive private sector. And these same folks are now telling us,
• 32:46
  Speaker 13: if you'll only put us in power, we will somehow
• 32:49
  Speaker 13: create this economic miracle that we haven't been able to
• 32:52
  Speaker 13: produce in the places in which we are already in power.
• 32:56
  Speaker 1: It makes absolutely no sense. And the same thing with
• 32:58
  Speaker 1: respect to gas prices. So they say, we'll bring gas
• 33:01
  Speaker 1: prices down. But wait a minute, the highest gas prices
• 33:03
  Speaker 1: are in New Jersey, California, New York, Massachusetts, Illinois. So
• 33:07
  Speaker 1: I always say, can you name one policy, EJ, that
• 33:11
  Speaker 1: the Democrats want to put in place that would lower
• 33:14
  Speaker 1: gas prices?
• 33:16
  Speaker 6: Oh goodness.
• 33:16
  Speaker 5: No, I, I can't.
• 33:20
  Speaker 13: Steve, you got me.
• 33:21
  Speaker 8: You got me.
• 33:23
  Speaker 1: I didn't, I didn't mean to throw you a twist
• 33:25
  Speaker 1: or question like that, but the answer is no. Cause
• 33:27
  Speaker 1: there aren't any, I mean, now when my, I debated
• 33:30
  Speaker 1: a liberal friend the other day on CNN, he said, well, uh,
• 33:33
  Speaker 1: you know, we're going to end the war in Iran.
• 33:35
  Speaker 1: And I said, well, okay, well maybe you'll see if
• 33:37
  Speaker 1: you can, you can do that because there's no question.
• 33:40
  Speaker 1: The Iran war raised the price of gases, gasoline, but, uh,
• 33:44
  Speaker 1: None of the policies they've put in place at the
• 33:46
  Speaker 1: state level have done that. Now, I want to ask
• 33:48
  Speaker 1: you another question, if I could, about the difference between
• 33:52
  Speaker 1: wages and incomes. Because we at Unleashed Prosperity, as you know,
• 33:56
  Speaker 1: we have the best data on what's happening with the
• 34:00
  Speaker 1: incomes of families. And those incomes have actually increased above
• 34:04
  Speaker 1: inflation by about $ 2, 400 over the last year and a half,
• 34:08
  Speaker 1: which is a pretty healthy increase. It certainly isn't negative.
• 34:11
  Speaker 1: It's positive. And yet wages, you know, I read the
• 34:15
  Speaker 1: New York Times or the Washington Post or I've turned
• 34:18
  Speaker 1: on CNN, oh, wages are falling relative to inflation. So which,
• 34:25
  Speaker 1: you know, in my opinion, we should be looking at
• 34:26
  Speaker 1: the overall income of people because wages are only about
• 34:29
  Speaker 1: two thirds of what the average person earns.
• 34:33
  Speaker 4: Right.
• 34:33
  Speaker 13: You know, Steve, it's amazing how, I guess, just so
• 34:36
  Speaker 13: many in the liberal media seem to not understand the
• 34:40
  Speaker 13: basics behind these statistics. They talk about how hourly wages
• 34:45
  Speaker 13: adjusted for inflation are flat, but they neglect the fact
• 34:48
  Speaker 13: that because so many people have moved out of part-time
• 34:51
  Speaker 13: work and into full-time work, they are working more hours.
• 34:54
  Speaker 13: So their total income, their weekly paycheck adjusted for inflation
• 34:58
  Speaker 13: is actually up.
• 34:59
  Speaker 1: Yes.
• 35:00
  Speaker 5: And then the other thing.
• 35:01
  Speaker 13: Is households change over time. They change in terms of
• 35:05
  Speaker 13: the number of people in them, the average size of
• 35:07
  Speaker 13: the household, the average number of workers in the household.
• 35:10
  Speaker 13: And it's not just the average because averages can get
• 35:13
  Speaker 13: skewed if you have a lot of people– or excuse me,
• 35:16
  Speaker 13: if you have people way at the high end or
• 35:18
  Speaker 13: way at the bottom end. And that's why median is
• 35:22
  Speaker 13: often a better measure.
• 35:23
  Speaker 6: Yes.
• 35:24
  Speaker 5: Not just that we want to look at average.
• 35:26
  Speaker 13: Income adjusted for inflation, but median income adjusted for inflation.
• 35:30
  Speaker 13: That gives you a better sense of what the typical
• 35:32
  Speaker 13: American is facing.
• 35:34
  Speaker 5: And that's where the statistics that you've.
• 35:36
  Speaker 13: Been publishing are so, I think, so incredibly powerful because
• 35:40
  Speaker 13: the story they tell you is that the typical American
• 35:42
  Speaker 13: family is much better off right now than they were
• 35:45
  Speaker 13: when Biden left office and when Trump came back into office.
• 35:48
  Speaker 1: So we only have, absolutely true, we only have about
• 35:51
  Speaker 1: two minutes left, E.J. That's E.J. Antoniou, free chief economist
• 35:54
  Speaker 1: at Heritage Foundation, also is an economic contributor at Unleash Prosperity.
• 36:00
  Speaker 1: The other point that I think is important for people
• 36:04
  Speaker 1: to understand when it comes to the overall U.S. economy
• 36:08
  Speaker 1: is that when you did the study, which has been
• 36:12
  Speaker 1: widely cited, we put it in our hotline all the
• 36:14
  Speaker 1: time and it's been picked up by Fox News. is
• 36:18
  Speaker 1: well over 100 million, maybe close to 150 million Americans
• 36:21
  Speaker 1: now have 401k plans and retirement plans. And given the
• 36:25
  Speaker 1: booming stock market, that has led to much better gains
• 36:29
  Speaker 1: for American workers.
• 36:32
  Speaker 13: Absolutely. In fact, Steve, it's one of the reasons why
• 36:36
  Speaker 13: labor force participation for folks at the very, very end
• 36:40
  Speaker 13: of their working career. So this is not really technically
• 36:42
  Speaker 13: prime age, but it's folks who are late 50s, early 60s.
• 36:47
  Speaker 13: We've actually seen a decrease in their labor force participation.
• 36:50
  Speaker 1: They have so much money.
• 36:51
  Speaker 4: Yeah. Right.
• 36:52
  Speaker 13: The reason seems to be the wealth effect that you
• 36:55
  Speaker 13: talk about has been so strong with this booming stock market.
• 36:58
  Speaker 13: They have reached their retirement goals early and have actually
• 37:02
  Speaker 13: decided to retire.
• 37:03
  Speaker 5: So that's actually not a bad thing.
• 37:05
  Speaker 13: That's a good thing.
• 37:05
  Speaker 4: We are generating so much wealth in this country that
• 37:08
  Speaker 4: those people didn't have to work as long.
• 37:10
  Speaker 13: Yeah.
• 37:10
  Speaker 1: I mean, it's a kind of double-edged sword because on
• 37:13
  Speaker 1: the one hand, we need higher labor force participation because
• 37:16
  Speaker 1: we have fewer young people coming into the workforce. On
• 37:19
  Speaker 1: the other hand, you're right. They're richer so they can
• 37:21
  Speaker 1: retire earlier.
• 37:24
  Speaker 12: Exactly.
• 37:25
  Speaker 13: And yes, I agree. Labor force participation overall has really
• 37:29
  Speaker 13: not been good since the pandemic.
• 37:31
  Speaker 4: In fact, we never recovered to pre-pandemic levels. And for several.
• 37:35
  Speaker 13: Years now, again, this goes back to the Biden administration,
• 37:38
  Speaker 13: we've actually been trending in the wrong direction. We've been
• 37:40
  Speaker 13: going down in terms of labor force participation. But I
• 37:43
  Speaker 13: will say the last couple months, that has seemingly reversed.
• 37:47
  Speaker 13: And it looks like we're back on the upswing. So
• 37:49
  Speaker 13: that's very, very good news. And we hope that pattern holds.
• 37:52
  Speaker 1: Last question for you, E.J., in our last minute of
• 37:55
  Speaker 1: this segment. Democrats say they want to repeal the Trump
• 37:59
  Speaker 1: tax cut. Is that a good idea?
• 38:02
  Speaker 2: Oh, terrible.
• 38:03
  Speaker 13: Steve, we started talking about where the economy is today
• 38:06
  Speaker 13: and the fact that investment is going like gangbusters. That
• 38:09
  Speaker 13: is due directly to this tax cut. The fact that
• 38:12
  Speaker 13: they put in full expensing, for example. I mean, the
• 38:16
  Speaker 13: fact that we kept corporate rates where they were and
• 38:18
  Speaker 13: we didn't raise them back up to where they were,
• 38:20
  Speaker 13: you know, 10 years ago under Obama. Those things have
• 38:24
  Speaker 13: done such wonders.
• 38:25
  Speaker 1: Well, how about how about E.J. with the fact that
• 38:27
  Speaker 1: we've provided like 35 million small businesses a tax cut.
• 38:32
  Speaker 1: And so many of the jobs come from our small businesses.
• 38:35
  Speaker 4: Exactly.
• 38:36
  Speaker 5: Small business really is the engine of this economy. We
• 38:39
  Speaker 5: hear all about big business in the news.
• 38:41
  Speaker 13: Because of things like their quarterly earnings reports. And when
• 38:44
  Speaker 13: they announce hirings or layoffs, they tend to be very
• 38:47
  Speaker 13: large numbers. But the fact is there are so many
• 38:49
  Speaker 13: more small businesses in this country that they, again, they
• 38:52
  Speaker 13: are the real engines of economic growth.
• 38:55
  Speaker 1: Amen to that.
• 38:56
  Speaker 5: For this economy that they got a tax cut.
• 38:59
  Speaker 1: Well said. So, AJ, thanks so much for coming on
• 39:01
  Speaker 1: on a busy weekend. That's E.J. Antoni. You can follow
• 39:05
  Speaker 1: him at the Heritage Foundation and Unleashed Prosperity. And, folks,
• 39:09
  Speaker 1: we will be right back. This is The More Money Show.
• 39:16
  Speaker 1: We are back, folks, and we have a new guest
• 39:21
  Speaker 1: coming on. And so let's see here. Zach, who we
• 39:27
  Speaker 1: got coming up?
• 39:28
  Speaker 9: We have our good friend, Robbie Schultz.
• 39:32
  Speaker 1: Robbie, are you with us? Oh, he's not with us yet. Okay.
• 39:36
  Speaker 1: So let me know when we got Robbie on because he's,
• 39:40
  Speaker 1: he's going to talk to us about his business, which is, sorry.
• 39:46
  Speaker 1: Let's take a call. Robbie's here.
• 39:51
  Speaker 9: We'll take a call from Robbie.
• 39:53
  Speaker 1: Are you with us, Robbie?
• 39:55
  Speaker 4: I'm with you, brother.
• 39:56
  Speaker 1: Thank you so much for coming on. All right. I'm
• 39:58
  Speaker 1: so excited to have you. Tell us about your business.
• 40:01
  Speaker 1: Tell us about your career. How old are you, Robbie?
• 40:03
  Speaker 4: Well, I am 66, man, but I feel like I'm
• 40:07
  Speaker 4: about 36.
• 40:08
  Speaker 1: I'm 66 too, and I wish I felt that way.
• 40:13
  Speaker 1: I'm so excited to have you on. Tell us about
• 40:15
  Speaker 1: your business, about your career. It's great stuff. Oh, sure.
• 40:19
  Speaker 5: You betcha.
• 40:19
  Speaker 4: So we have a family business down here in East Texas.
• 40:22
  Speaker 4: It's called Bear Creek Smokehouse. And my granddad actually started
• 40:27
  Speaker 4: it in 1943. So this is our 83rd year of
• 40:32
  Speaker 4: being in business. And, you know, it's still out here
• 40:35
  Speaker 4: on the farm.
• 40:35
  Speaker 1: How many years?
• 40:39
  Speaker 4: I'm sorry?
• 40:40
  Speaker 1: How many years?
• 40:42
  Speaker 4: This is our 83rd year.
• 40:44
  Speaker 1: Oh, my God. How's business?
• 40:48
  Speaker 4: Man, I'm going to tell you what, it has been fabulous.
• 40:51
  Speaker 4: I just left from down there. We serve barbecue every Saturday.
• 40:55
  Speaker 1: Oh, my goodness.
• 40:57
  Speaker 4: I just visited with a couple from the UK who
• 41:00
  Speaker 4: were in the States, and they had heard about us,
• 41:03
  Speaker 4: and they made it a point to come out to
• 41:04
  Speaker 4: Bear Creek to have great barbecue with us and.
• 41:07
  Speaker 1: Enjoy the music. It's the Bear Creek Smokehouse?
• 41:13
  Speaker 3: Yes.
• 41:13
  Speaker 4: In Marshall, Texas.
• 41:17
  Speaker 1: All right. By the way, the reason I wanted to
• 41:19
  Speaker 1: have you on is because I love barbecue.
• 41:23
  Speaker 4: Yeah. Brother, if you come down here, I'm rolling up
• 41:26
  Speaker 4: a red carpet for you.
• 41:27
  Speaker 1: Okay. And business is good.
• 41:30
  Speaker 6: Yes.
• 41:30
  Speaker 4: Business is great.
• 41:31
  Speaker 1: Now, what? You've got ribs. You've got brisket. What do
• 41:34
  Speaker 1: you got?
• 41:35
  Speaker 4: Yeah.
• 41:35
  Speaker 3: Oh yeah.
• 41:36
  Speaker 4: Like today, uh, the, we've got the whole, uh, pit,
• 41:40
  Speaker 4: you know, uh, selection out there. We've got brisket, we've
• 41:43
  Speaker 4: got ribs, pork loin, smoked turkey, uh, ribs.
• 41:48
  Speaker 1: You know, you're making me hungry, my friend.
• 41:50
  Speaker 4: Well, look, I wish you could smell the smoke from there.
• 41:53
  Speaker 6: Where are you located?
• 41:55
  Speaker 1: I wish I, I wish I could do. So you're
• 41:57
  Speaker 1: the second or third generation.
• 42:00
  Speaker 4: I am the third generation, and my son is the
• 42:03
  Speaker 4: plant manager now. We ship products all over the country.
• 42:06
  Speaker 4: We're in a lot of grocery stores across the U.S. too,
• 42:09
  Speaker 4: not with the barbecue but with some other products. But
• 42:13
  Speaker 4: he's the plant manager now. He's the fourth generation, and
• 42:16
  Speaker 4: life is good. I love working with my family.
• 42:19
  Speaker 1: So I'm going to tell you, I just, there are
• 42:21
  Speaker 1: a lot of reasons I wanted to have you on,
• 42:22
  Speaker 1: but one of which is, you know, the, you may
• 42:24
  Speaker 1: have seen this story that the United Airlines CEO was
• 42:28
  Speaker 1: saying the other day that he thought we should have
• 42:31
  Speaker 1: a 100% inheritance tax. So in other words, you would
• 42:35
  Speaker 1: not be able, if you died, God forbid, and your
• 42:38
  Speaker 1: son wanted to take over the business, he wouldn't be
• 42:40
  Speaker 1: able to do it because there'd be 100% inheritance tax
• 42:43
  Speaker 1: and the government would take over that business. I think
• 42:45
  Speaker 1: that's such an un-American idea. What say you?
• 42:49
  Speaker 4: I think it's ridiculous.
• 42:51
  Speaker 3: Yeah.
• 42:52
  Speaker 1: This is the stupidity of liberals, by the way. You're
• 42:55
  Speaker 1: not going to have any more family-owned businesses if you
• 42:57
  Speaker 1: do this.
• 42:58
  Speaker 3: Right, right.
• 42:59
  Speaker 4: And why crush a family's dream, something that they've built
• 43:02
  Speaker 4: for 83 years and work, blood, sweat, and tears. I'm
• 43:06
  Speaker 4: going to tell you what, Steve, not every year has
• 43:08
  Speaker 4: been great. And, you know, but you survived those years by,
• 43:12
  Speaker 4: you know, drawing together and working hard and pulling through and,
• 43:17
  Speaker 4: you know, always hoping for success. And, you know, I
• 43:21
  Speaker 4: would hate to see that happen.
• 43:23
  Speaker 1: Well, you know this because I've run a business too.
• 43:25
  Speaker 1: you know, if you're the owner of the business, you're
• 43:27
  Speaker 1: the last person who gets paid, right? Sometimes you don't
• 43:30
  Speaker 1: get paid at all.
• 43:31
  Speaker 7: Right.
• 43:31
  Speaker 6: Yeah.
• 43:32
  Speaker 7: Yes, sir.
• 43:33
  Speaker 4: That's exactly right.
• 43:34
  Speaker 5: So, but anyway, you know, Steve, we just.
• 43:36
  Speaker 6: Love what we do.
• 43:37
  Speaker 4: We, I feel like we try to touch a lot
• 43:40
  Speaker 4: of people's lives. You know, we try to give people
• 43:42
  Speaker 4: the best, you know, experience that we possibly can, the
• 43:46
  Speaker 4: best customer service, the best food we know how to
• 43:48
  Speaker 4: make and just let them enjoy. Cause see, we're 10
• 43:52
  Speaker 4: miles out from the closest little town of 20,000. And
• 43:56
  Speaker 4: so people, we're, we're a destination.
• 43:59
  Speaker 1: What's the, what's the closest big city to you?
• 44:02
  Speaker 4: Marshall. And it is 20, about 20 something thousand.
• 44:05
  Speaker 1: And what's the, what's the, what's the closest big city
• 44:08
  Speaker 1: to Marshall?
• 44:10
  Speaker 4: I'm going to say Shreveport is probably about 100,000, Shreveport, Louisiana.
• 44:15
  Speaker 4: And then we've, we've got Dallas, you know, a.
• 44:17
  Speaker 1: Couple hours away. How far are you from Dallas?
• 44:20
  Speaker 2: We're about two hours.
• 44:22
  Speaker 1: Two hours.
• 44:22
  Speaker 5: Okay.
• 44:22
  Speaker 13: Okay.
• 44:23
  Speaker 4: But brother, we have people coming from the big cities.
• 44:26
  Speaker 4: They'll drive here on the weekend, day trip it, because
• 44:29
  Speaker 4: they want.
• 44:30
  Speaker 1: To get out of the hustle and bustle. They get
• 44:32
  Speaker 1: the very free smokehouse.
• 44:35
  Speaker 4: Yeah, we get to share our little slice of heaven
• 44:37
  Speaker 4: with everybody when they come out to the farm.
• 44:39
  Speaker 6: You know?
• 44:39
  Speaker 7: Yeah.
• 44:40
  Speaker 1: So, you know, the reason, by the way, I wanted
• 44:42
  Speaker 1: to have you on is because I'm just such a
• 44:44
  Speaker 1: fan of family-owned businesses and small businesses that become successful
• 44:48
  Speaker 1: and you've been able to keep it going. now for
• 44:51
  Speaker 1: 80 years, which is just the, it's Americana. It's really
• 44:56
  Speaker 1: a uniquely American type of experience.
• 45:00
  Speaker 4: Yes, sir, it is. And look, I'm gonna tell you, Steve,
• 45:03
  Speaker 4: we've been allowed to live the great American dream and
• 45:06
  Speaker 4: that dream is still there and alive for everyone in
• 45:10
  Speaker 4: this country.
• 45:12
  Speaker 3: It is there.
• 45:13
  Speaker 4: And we're just so thankful that we've been given the opportunity. And,
• 45:17
  Speaker 4: you know, my granddad and dad laid a great foundation
• 45:21
  Speaker 4: for this business. And me and my son have built
• 45:23
  Speaker 4: on it.
• 45:24
  Speaker 1: So I have a question for you.
• 45:26
  Speaker 5: Okay.
• 45:27
  Speaker 1: So you've got this great company and great restaurant. So
• 45:31
  Speaker 1: why don't we open up a Bear Creek Smokehouse in
• 45:35
  Speaker 1: New York City?
• 45:37
  Speaker 8: Oh, man, that's a long way away.
• 45:40
  Speaker 1: Because you know what? You can't get good barbecue in
• 45:43
  Speaker 1: New York City or Washington, D.C., where I am. What
• 45:48
  Speaker 1: we need to do is franchise the Bear Creek Smokehouse.
• 45:52
  Speaker 4: I hear you.
• 45:53
  Speaker 6: Well, why don't you fly down here one day?
• 45:55
  Speaker 4: Let me roll out the red carpet for you. All right.
• 45:57
  Speaker 1: I'm coming, my friend. Wait, I have to fly to Shreveport, right?
• 46:02
  Speaker 1: I don't know if I can get to Shreveport from Washington.
• 46:05
  Speaker 4: Oh, yeah. You can get there, brother, and I'll pick
• 46:08
  Speaker 4: you up at the airport. Okay.
• 46:10
  Speaker 1: Well, we have to get Donald Trump to come down
• 46:12
  Speaker 1: there too.
• 46:13
  Speaker 4: I'd love to have him. We've had Greg Abbott at
• 46:15
  Speaker 4: our place before.
• 46:16
  Speaker 1: He's a great governor.
• 46:18
  Speaker 6: Oh, yeah.
• 46:19
  Speaker 1: So what is your, we only have a couple minutes left.
• 46:22
  Speaker 1: Give us your, what do you think is the key
• 46:26
  Speaker 1: to success? Because so many of our listeners want to
• 46:29
  Speaker 1: start a small business. They want to be able to
• 46:31
  Speaker 1: be an entrepreneur like your family has been. What are
• 46:34
  Speaker 1: the keys to success?
• 46:36
  Speaker 4: You know what, I think the keys to success are
• 46:39
  Speaker 4: trying to provide the.
• 46:40
  Speaker 5: Best service, the best experience, no matter.
• 46:43
  Speaker 4: What you're doing. We just try to provide that personal experience,
• 46:47
  Speaker 4: because I'm going to tell you, everything is so electronic nowadays.
• 46:50
  Speaker 4: And it seems like a lot of the younger generation,
• 46:53
  Speaker 4: they don't want eye-to-eye contact. They don't want to carry
• 46:56
  Speaker 4: on a conversation. I'm not talking about all of them, okay?
• 46:58
  Speaker 4: And I've got some grandkids or Could be a little
• 47:01
  Speaker 4: guilty of that, but we like to be looking people
• 47:05
  Speaker 4: eye to eye and talking to them and waiting on
• 47:07
  Speaker 4: them when they shop our general store and make them
• 47:10
  Speaker 4: feel special when they come out. You know, there's a
• 47:13
  Speaker 4: lot of places you can go to at the mall and,
• 47:16
  Speaker 4: you know, people are sitting on the stool hoping you
• 47:18
  Speaker 4: don't buy anything so they don't have to get up
• 47:20
  Speaker 4: and talk to.
• 47:20
  Speaker 1: You, you know? So, um, how many, how many employees
• 47:23
  Speaker 1: do you have?
• 47:24
  Speaker 4: Um, we've got about 60, 60.
• 47:25
  Speaker 1: Wow. Yeah, yeah.
• 47:29
  Speaker 4: That's the plant and the store. But like I say,
• 47:33
  Speaker 4: you know, the holidays are our busiest time, Steve. So
• 47:35
  Speaker 4: we'll add some more to that for the fourth quarter. And,
• 47:39
  Speaker 4: you know, people can call our 800 number and call
• 47:43
  Speaker 4: and order a ham or turkey or whatever. Oh, really?
• 47:46
  Speaker 1: So I could call and then you'll deliver that?
• 47:49
  Speaker 4: Oh, yeah. Yeah, we ship them out FedEx. And you
• 47:52
  Speaker 4: can go to our website, bearcreeksmokehouse.com. and uh order i'm
• 47:57
  Speaker 4: gonna do that a variety of smoked meats yeah or
• 48:00
  Speaker 4: follow us on facebook bear creek smokehouse and keep up
• 48:03
  Speaker 4: with the latest and greatest news that's happening in downtown
• 48:06
  Speaker 4: bare bottom.
• 48:07
  Speaker 1: So one last question on the way out uh my
• 48:10
  Speaker 1: friend is is uh you know you're there in texas
• 48:12
  Speaker 1: texas is a pro-business state uh you guys are really
• 48:16
  Speaker 1: you know just that state is producing so many jobs
• 48:19
  Speaker 1: so many new economic opportunities what do you think makes
• 48:22
  Speaker 1: texas so special.
• 48:25
  Speaker 4: You know, I think it's the people. I think it's
• 48:27
  Speaker 4: the people and what we believe in. We believe in people.
• 48:31
  Speaker 4: And there's just there's a lot of opportunity here in Texas.
• 48:34
  Speaker 4: And the people are so friendly here. And, you know,
• 48:37
  Speaker 4: I always tell folks life is too short to act
• 48:40
  Speaker 4: any other way. And it really is. I'm finding out
• 48:43
  Speaker 4: at 66. And I know you realize in that, too,
• 48:46
  Speaker 4: it's it doesn't hurt to be kind and form as
• 48:49
  Speaker 4: many relationships and be kind to folks. And And, you know,
• 48:52
  Speaker 4: Texas is a friendly state, man.
• 48:55
  Speaker 1: It's a very business. I don't think you could do
• 48:58
  Speaker 1: a company like that in many blue states. They'd have
• 49:01
  Speaker 1: so many regulations and so many restrictions on what you
• 49:04
  Speaker 1: can do. So Texas is the state that's producing the
• 49:07
  Speaker 1: most new jobs. And it's thanks to companies like yours. So, folks,
• 49:11
  Speaker 1: it's the Bear Creek Smokehouse. And uh you can order
• 49:16
  Speaker 1: online right.
• 49:18
  Speaker 4: Yes sir bear creek smokehouse.com.
• 49:21
  Speaker 1: Some of the best barbecue you can find so thanks
• 49:24
  Speaker 1: again for coming on we're going to take a quick
• 49:26
  Speaker 1: break and we come back folks we will be taking
• 49:28
  Speaker 1: your calls 1-800-848-9222 1-800-848-9222 is the call in number to
• 49:30
  Speaker 1: talk about any of the things we've been talking about
• 49:38
  Speaker 1: on the show today. I especially want your opinions about
• 49:43
  Speaker 1: what I opened the show about with respect to, don't
• 49:46
  Speaker 1: you think people should be able to try experimental drugs
• 49:49
  Speaker 1: if they have a terrible disease? Don't you think it's inhumane?
• 49:53
  Speaker 1: I do. If the government is not allowing people to,
• 49:56
  Speaker 1: they're allowing people to suffer and not giving them hope
• 49:58
  Speaker 1: by keeping these drugs from them. I say, let people
• 50:02
  Speaker 1: try drugs if they have a disease and we don't
• 50:06
  Speaker 1: have a treatment for it. That's already been approved by
• 50:08
  Speaker 1: the FDA. That number, 1-800-848-9222. This is the More Money Show,
• 50:13
  Speaker 1: and we will be right back. We have a big
• 50:15
  Speaker 1: election coming up, folks. I think you all know that.
• 50:17
  Speaker 1: It's coming up in, I don't know, 10, 12 days.
• 50:20
  Speaker 1: I can't keep track of exactly how many days it is.
• 50:22
  Speaker 1: And by the way, a lot of people have already voted.
• 50:24
  Speaker 1: They have early voting in a lot of states. I read,
• 50:27
  Speaker 1: have you seen the number? How many?
• 50:29
  Speaker 9: Early voting is once again surging.
• 50:31
  Speaker 1: Yeah, surging. I forget the number, but it's high. It's
• 50:35
  Speaker 1: a high number of people who have already voted. And
• 50:37
  Speaker 1: made up their minds. You know, I'm not a big
• 50:39
  Speaker 1: fan of early voting. I think we should have election day,
• 50:43
  Speaker 1: not election month. But I'm old-fashioned that way. And, oh,
• 50:47
  Speaker 1: there's Steve Moore. He wants to suppress the vote. He
• 50:49
  Speaker 1: wants to suppress the vote. He's trying to deny, you know,
• 50:53
  Speaker 1: minorities and other people from voting.
• 50:55
  Speaker 8: No, I'm not.
• 50:55
  Speaker 1: I'm just saying I think, you know, I'm old-fashioned. I
• 50:57
  Speaker 1: think it should be election day. And there's still a
• 51:00
  Speaker 1: lot of information that's coming out about candidates. And there
• 51:03
  Speaker 1: are oftentimes people vote early and they say, oh, I
• 51:05
  Speaker 1: didn't know that about Joe or Bill or Sally. And
• 51:08
  Speaker 1: if I had known that, I probably would have switched
• 51:10
  Speaker 1: my vote. So, you know, unless you, you know, they
• 51:13
  Speaker 1: used to have to have a ballot and you'd have
• 51:16
  Speaker 1: to go explain why you couldn't be there on election day. Again,
• 51:20
  Speaker 1: I'm old fashioned that way. I know people might disagree
• 51:22
  Speaker 1: with me on that, but I'm in favor of election day,
• 51:25
  Speaker 1: not election month. And I'm sick and tired, by the way,
• 51:28
  Speaker 1: of my liberal friends. Ah, suppress the vote. You know,
• 51:30
  Speaker 1: anytime you want to make sure that the votes are
• 51:33
  Speaker 1: being counted fairly and that people who are voting are
• 51:36
  Speaker 1: actually eligible to vote, all the left says is, you know,
• 51:40
  Speaker 1: voter suppression. Oh, the Jim Crow laws, you're going to
• 51:43
  Speaker 1: bring them out. You're not going to let Blacks and
• 51:44
  Speaker 1: Hispanics vote.
• 51:45
  Speaker 5: No.
• 51:46
  Speaker 1: By the way, I'm encouraging everyone to vote. If you're
• 51:50
  Speaker 1: an eligible voter, yes, go out there and vote. I
• 51:52
  Speaker 1: don't care if you're brown-skinned, black-skinned, white-skinned, blue-skinned, whatever. I
• 51:56
  Speaker 1: just want to make sure that people who are voting
• 51:58
  Speaker 1: are eligible to vote. Because, folks, if someone votes illegally,
• 52:02
  Speaker 1: let's say you've got candidate Brown and you've got candidate Smith.
• 52:07
  Speaker 1: You've got candidate Brown and you've got candidate Smith. And
• 52:10
  Speaker 1: I'm for candidate Brown. And I go and cast my
• 52:13
  Speaker 1: vote for candidate Brown. And some illegal immigrant or some
• 52:18
  Speaker 1: 17 year old who's not eligible to vote is voting
• 52:21
  Speaker 1: or somebody voting twice. They're essentially taking away my vote.
• 52:25
  Speaker 6: Right.
• 52:26
  Speaker 1: So why is it every time we try to ensure
• 52:28
  Speaker 1: that the only people are voting are people eligible to vote? Oh,
• 52:34
  Speaker 1: you're trying to take away the people's vote and you're
• 52:36
  Speaker 1: trying to make sure that, you know, minorities can't vote. No, no,
• 52:39
  Speaker 1: I'm not. I'm just saying I want to make sure
• 52:42
  Speaker 1: that people who are voting are eligible. And that's why,
• 52:45
  Speaker 1: you know, voter ID. I mean, come on.
• 52:49
  Speaker 9: It's common sense.
• 52:50
  Speaker 1: It really is. I mean, why are people against voter ID?
• 52:53
  Speaker 1: I need a bit. The other day I got to
• 52:55
  Speaker 1: the airport, I had forgotten my passport and I didn't
• 52:58
  Speaker 1: have my driver's license. And I got, I had to
• 52:59
  Speaker 1: go through a hole of blue when I missed my
• 53:01
  Speaker 1: flight because I couldn't get on the flight without a
• 53:05
  Speaker 1: voter ID. I mean, an ID card. Well, but you
• 53:08
  Speaker 1: can vote without an ID card. I mean, just, just
• 53:10
  Speaker 1: none of this makes any sense. And in my opinion, I,
• 53:13
  Speaker 1: I believe, This is just a suspicion, okay? I don't
• 53:17
  Speaker 1: have evidence of this. It's just a suspicion that the
• 53:21
  Speaker 1: reason they don't want voter ID and they want mail-in voting,
• 53:26
  Speaker 1: because mail-in voting, that's very hard to confirm that the
• 53:29
  Speaker 1: person who's sending in the mail ballot is the actual
• 53:33
  Speaker 1: eligible voter. They don't want that because a lot of
• 53:36
  Speaker 1: the people are cheating and maybe the people are illegal
• 53:40
  Speaker 1: immigrants or whatever, they're non-citizens. And they don't have the
• 53:43
  Speaker 1: right to vote. They think they're going to vote Democratic.
• 53:46
  Speaker 1: So they don't want voter ID. That's the only explanation
• 53:49
  Speaker 1: I have. And if you disagree with me, happy to
• 53:52
  Speaker 1: take your call. By the way, I'm so pleased we
• 53:54
  Speaker 1: got the switchboard is lit up today with questions. So
• 53:59
  Speaker 1: we're going to try to get through as many of
• 54:00
  Speaker 1: these as we can. And by the way, I try
• 54:04
  Speaker 1: to make this show fun. And I do appreciate when
• 54:07
  Speaker 1: people with different views call in because that's what makes
• 54:10
  Speaker 1: America great. We can agree to disagree. I'm going to
• 54:12
  Speaker 1: start with Ralph. Ralph, what do you got for us, sir?
• 54:16
  Speaker 6: You know, Steve, I agree 100% on the voting. That's
• 54:19
  Speaker 6: not why I called, but I do agree.
• 54:21
  Speaker 1: What is this? I mean, come on, Ralph. How is
• 54:23
  Speaker 1: it they keep saying, oh, you know, all we're trying
• 54:25
  Speaker 1: to do is make sure that the people who go
• 54:28
  Speaker 1: cast a ballot are eligible.
• 54:30
  Speaker 6: Hey, Steve, you could just say, you know, the cheaters
• 54:33
  Speaker 6: don't want voter ID. That's the only reason.
• 54:35
  Speaker 1: Exactly.
• 54:37
  Speaker 6: You want you want to cheat. And that's why you
• 54:40
  Speaker 6: just come out and say it. Here's the thing. The
• 54:42
  Speaker 6: hypocrisy with the the pharmaceutical drugs, you know, psychotropic meds,
• 54:47
  Speaker 6: psychiatric meds are very well available to many people. It's
• 54:52
  Speaker 6: an inexact science. But yet, if you turn on the
• 54:54
  Speaker 6: TV or you watch whatever you're watching, you're going to see.
• 54:58
  Speaker 2: Commercial ad after commercial ad.
• 55:01
  Speaker 6: Telling you that, hey, ask your doctor, tell your doctor
• 55:05
  Speaker 6: to please, you know, you want to try this med,
• 55:07
  Speaker 6: so on and so forth. But if there's a medicine,
• 55:09
  Speaker 6: like you mentioned prior, that may do somebody good, maybe
• 55:13
  Speaker 6: save somebody's life, you know, that would be wonderful. They
• 55:18
  Speaker 6: suppress it. They don't want you to have it because they're, frankly,
• 55:21
  Speaker 6: they're not making money from it, Steve.
• 55:23
  Speaker 1: By the way, good point, Ralph. And just to interrupt
• 55:28
  Speaker 1: you for a second, I do watch sports events. I
• 55:33
  Speaker 1: don't watch a whole lot of TV, but I do
• 55:35
  Speaker 1: watch sports or I'll watch the news or I'll, say,
• 55:37
  Speaker 1: watch Fox News for an hour. And I know exactly
• 55:41
  Speaker 1: what you're talking about. I keep seeing every other commercialist
• 55:44
  Speaker 1: for these drugs. I don't even know what they're advertising for.
• 55:48
  Speaker 1: I don't even know what the drug does. They just
• 55:51
  Speaker 1: sell people running around and being happy. And we're supposed
• 55:55
  Speaker 1: to buy this pharmaceutical drug, which I don't even know
• 55:57
  Speaker 1: what it is. So I never could understand the point
• 56:00
  Speaker 1: of these ads. So you agree with me that if
• 56:04
  Speaker 1: somebody has a terminal or a terrible crippling disease and
• 56:09
  Speaker 1: there's an experimental drug, they should be able to take that.
• 56:13
  Speaker 6: Well, Steve, think about this. If you're on the precipice
• 56:16
  Speaker 6: of death, God forbid, and the next turn is the
• 56:19
  Speaker 6: other world and you're not going to be here anymore,
• 56:21
  Speaker 6: you want to try everything possible to remain here. And
• 56:25
  Speaker 6: as a deprived American citizen of that is a travesty.
• 56:31
  Speaker 1: I totally agree. I mean, I'm in 100% agreement. And
• 56:35
  Speaker 1: come on, folks, this is a free country. Why is
• 56:37
  Speaker 1: it these bureaucrats at the FDA who just say no
• 56:40
  Speaker 1: to everything? No, no, no. They hold up drugs. By
• 56:43
  Speaker 1: the way, I know firsthand, Ralph, of five or six
• 56:47
  Speaker 1: drugs that are very promising, very promising. They've had promising
• 56:51
  Speaker 1: tests and they still have not been approved for things
• 56:54
  Speaker 1: like diabetes, for things like epilepsy, for things like ALS disease.
• 57:01
  Speaker 1: Get the damn things out there and let people use
• 57:03
  Speaker 1: them if they want to.
• 57:05
  Speaker 6: Well, I hearken back to the COVID situation where people
• 57:09
  Speaker 6: were dying, obviously dying. And they did not have the
• 57:12
  Speaker 6: alternative to use a well-founded medicine that worked in the past.
• 57:16
  Speaker 6: They were deprived that. And by the way, many people died.
• 57:19
  Speaker 6: Many people died because they had to sit there taking medicine.
• 57:24
  Speaker 6: And they really passed away unnecessarily, Steve.
• 57:26
  Speaker 1: It's so, so bad.
• 57:27
  Speaker 2: Okay.
• 57:28
  Speaker 1: Hey, Ralph, great call. Thank you so much for calling in.
• 57:30
  Speaker 1: We got a bunch of other people, so I got
• 57:32
  Speaker 1: to get to them. Let us get to Elizabeth.
• 57:35
  Speaker 4: Hi.
• 57:36
  Speaker 1: Hi, Elizabeth.
• 57:37
  Speaker 2: This is Elizabeth.
• 57:38
  Speaker 11: And I have a comment about Medicare for all. And
• 57:42
  Speaker 11: I would love to hear your comment. The promise of
• 57:46
  Speaker 11: Medicare for all is the temptation that will turn the U.S.
• 57:51
  Speaker 11: into a communist failure.
• 57:53
  Speaker 8: Yes.
• 57:54
  Speaker 3: Yes.
• 57:55
  Speaker 4: Yes.
• 57:56
  Speaker 1: Your comment can.
• 57:57
  Speaker 11: Happen today or or in your next program. I listen
• 58:00
  Speaker 11: to you religiously.
• 58:02
  Speaker 1: Thank you. So Elizabeth, can I ask you a personal question?
• 58:05
  Speaker 1: Are you on Medicare?
• 58:06
  Speaker 11: Of course.
• 58:07
  Speaker 2: Okay.
• 58:07
  Speaker 1: So do you realize what the Democrats want to do here?
• 58:12
  Speaker 1: The Democrats want to create Bernie Sanders and half the Democrats, uh,
• 58:16
  Speaker 1: on that, uh, you know, uh, in the Congress are
• 58:20
  Speaker 1: in favor of this. They want Medicare for all, which
• 58:22
  Speaker 1: means a hundred million people are going to be on Medicare.
• 58:25
  Speaker 1: The whole system is going to implode. It's going to
• 58:28
  Speaker 1: go bankrupt.
• 58:29
  Speaker 5: They did in Russia.
• 58:30
  Speaker 11: That is what they have done in Russia.
• 58:33
  Speaker 4: Yeah.
• 58:33
  Speaker 11: They make the promise. I know someone who had triplets
• 58:36
  Speaker 11: and she had no idea that triplets were coming. Someone
• 58:40
  Speaker 11: in Russia. Now that's not a really hot medical system.
• 58:46
  Speaker 11: They didn't know.
• 58:47
  Speaker 2: Wow.
• 58:49
  Speaker 1: Well, I mean, it is going to bankrupt the Medicare system.
• 58:55
  Speaker 1: We have 70, 80 million seniors who depend on Medicare
• 58:59
  Speaker 1: for their health care, and the Democrats are going to
• 59:02
  Speaker 1: bankrupt the system. By the way, go to our website, folks.
• 59:06
  Speaker 1: Is it up around yet? I don't know if it is.
• 59:09
  Speaker 1: It'll be up in the next day.
• 59:10
  Speaker 4: Or two.
• 59:10
  Speaker 6: We have an ad.
• 59:11
  Speaker 1: It's basically someone taking a woman in a wheelchair up
• 59:17
  Speaker 1: on a cliff and throwing her off the cliff because
• 59:20
  Speaker 1: that's what's going to happen. The Democrats are going to
• 59:21
  Speaker 1: bankrupt the Medicare system, Elizabeth, and therefore the senior citizens
• 59:27
  Speaker 1: who paid into the system their whole life, they paid
• 59:29
  Speaker 1: the payroll tax, They are going to lose their health
• 59:31
  Speaker 1: care coverage. This is an important election, folks. And you
• 59:34
  Speaker 1: should see this ad. So go. I don't think it's
• 59:36
  Speaker 1: up there yet, but in the next day or two,
• 59:38
  Speaker 1: it will be. We're running it all over the country
• 59:40
  Speaker 1: that Medicare for all means Medicare for no one. You
• 59:44
  Speaker 1: will lose your Medicare if the Democrats take Congress and
• 59:47
  Speaker 1: put in place, quote, Medicare for all. Let us go.
• 59:51
  Speaker 11: We've already lost it. We've already lost it.
• 59:53
  Speaker 1: Well, I hope it's not too late, Elizabeth. But thanks.
• 59:57
  Speaker 1: Great call. I got to get to Rob in North Carolina.
• 1:00:02
  Speaker 6: Hi, Steve.
• 1:00:03
  Speaker 3: Hi.
• 1:00:04
  Speaker 8: Yes.
• 1:00:06
  Speaker 3: The Fed inflation target is unrealistic and artificial. It should
• 1:00:13
  Speaker 3: be based upon a six-month rolling moving average of actual
• 1:00:19
  Speaker 3: economic data, which will point the way that inflation is going.
• 1:00:25
  Speaker 3: And then we can make a realistic target to pursue.
• 1:00:30
  Speaker 1: What do you think the target should be?
• 1:00:35
  Speaker 3: Well, somewhere between 2% and 3%. 2%, no, it's not
• 1:00:39
  Speaker 3: achievable in this current environment.
• 1:00:42
  Speaker 1: Well, right now it's not, but we could have stable prices. Rob,
• 1:00:47
  Speaker 1: I think we should shoot for 1%. The problem with
• 1:00:51
  Speaker 1: shooting with zero is that if you go below zero,
• 1:00:53
  Speaker 1: then you have deflation, and deflation can be very harmful
• 1:00:56
  Speaker 1: for an economy. So what I would favor, great call, Rob.
• 1:00:59
  Speaker 1: I appreciate your views. What I want to see is,
• 1:01:04
  Speaker 1: and by the way, I think Kevin Warsh is going
• 1:01:05
  Speaker 1: to be an outstanding Fed chairman. Get that rate down
• 1:01:10
  Speaker 1: to 2% or less. And I'd like to shoot for
• 1:01:12
  Speaker 1: zero for a while, wouldn't you folks? Why not stop
• 1:01:16
  Speaker 1: the price increases for a while? We've had 20 under Biden,
• 1:01:19
  Speaker 1: price went up by 20%, 20%. Okay, I'm going to
• 1:01:23
  Speaker 1: try to squeeze in one more. I think we have Howard. Okay. Okay,
• 1:01:32
  Speaker 1: let's go. You're on.
• 1:01:38
  Speaker 4: Hello.
• 1:01:39
  Speaker 7: Hi. Yes, I am.
• 1:01:41
  Speaker 6: Yeah, I'm Pete.
• 1:01:42
  Speaker 7: You said Howard.
• 1:01:43
  Speaker 1: Thanks for calling in.
• 1:01:44
  Speaker 7: They should sue the party. Criminally and civilly. And a
• 1:01:51
  Speaker 7: new prosecutor in Florida to suit them on the RICO
• 1:01:56
  Speaker 7: laws in California and in, and federally.
• 1:02:02
  Speaker 1: Well, listen, I can tell you this. I just got
• 1:02:05
  Speaker 1: back from California, Howard, and I'm looking at the prices
• 1:02:08
  Speaker 1: of everything in California. California is the bluest of blue
• 1:02:11
  Speaker 1: states and everything costs, you know, 10, 20, 30, 40%
• 1:02:17
  Speaker 1: higher than what it costs in other states. In some cases,
• 1:02:19
  Speaker 1: 50% higher. So folks, I want to make sure you
• 1:02:22
  Speaker 1: understand this. California is, And by the way, the California
• 1:02:25
  Speaker 1: governor is Gavin Newsom, and he is considered one of
• 1:02:29
  Speaker 1: the front runners for the presidency in 2028. I think
• 1:02:34
  Speaker 1: you might even call him the favorite because California is
• 1:02:36
  Speaker 1: such a huge state. Well, wait a minute. Look at
• 1:02:39
  Speaker 1: what's happening in California. The prices have exploded there. I'm
• 1:02:43
  Speaker 1: not making this up. $ 6. 39 for gasoline. $ 8 a gallon
• 1:02:50
  Speaker 1: for diesel. Now, I know the prices are up all
• 1:02:53
  Speaker 1: over the country, but not that high. And what I'm
• 1:02:56
  Speaker 1: trying to tell you is that because of all the regulations,
• 1:02:59
  Speaker 1: all of the taxes, and the fact that they hate
• 1:03:02
  Speaker 1: oil and gas... They keep driving up the cost intentionally
• 1:03:06
  Speaker 1: so that people won't use it. Let's not forget, Democrats
• 1:03:11
  Speaker 1: have been in favor of something called net zero because
• 1:03:13
  Speaker 1: of their climate change fanaticism. They want to destroy the
• 1:03:17
  Speaker 1: oil and gas industry. They hate the oil and gas companies.
• 1:03:20
  Speaker 1: So how are the people who hate the industry and
• 1:03:23
  Speaker 1: are trying to shut it down, how are they going
• 1:03:25
  Speaker 1: to lower the price of gasoline? When I was on
• 1:03:27
  Speaker 1: CNN the other day, they kept saying, well, gas is
• 1:03:30
  Speaker 1: high priced. I said, yeah, guess where it's highest? in
• 1:03:33
  Speaker 1: these states that are trying to destroy the industry. I'll
• 1:03:35
  Speaker 1: say it again. When Joe Biden entered office, that would
• 1:03:41
  Speaker 1: have been January 2021, the first thing they did was
• 1:03:45
  Speaker 1: kill the pipeline so that we couldn't transport the oil.
• 1:03:48
  Speaker 1: We have not built a refinery in this country, and
• 1:03:52
  Speaker 1: you can't have gas in your tank if you don't
• 1:03:54
  Speaker 1: have a refinery because they pull up the oil and
• 1:03:56
  Speaker 1: they have to refine the oil. or it won't be
• 1:03:59
  Speaker 1: in your tank. How many years has it been? 30,
• 1:04:03
  Speaker 1: 40 years since we built the refinery? See if you
• 1:04:05
  Speaker 1: can look that up, Isaac. It's been a long time.
• 1:04:08
  Speaker 1: And why? Because the environmentalists and the Democrats won't let
• 1:04:11
  Speaker 1: us build it. They've got a lot of nerve to
• 1:04:13
  Speaker 1: say that they're going to bring down gas prices. Now
• 1:04:16
  Speaker 1: they say, oh, well, we're going to end the war
• 1:04:19
  Speaker 1: in Iran. Look, I'm in favor of that. Let's do
• 1:04:21
  Speaker 1: that now.
• 1:04:22
  Speaker 9: 40 years.
• 1:04:23
  Speaker 1: 40 years we have not built a refinery. You don't
• 1:04:26
  Speaker 1: have oil and gas in your tank if you don't
• 1:04:27
  Speaker 1: have a refinery. In fact, in California, the amount of
• 1:04:31
  Speaker 1: refineries has fallen just as their population over the last
• 1:04:36
  Speaker 1: 30 years is up like 30%. And the number of
• 1:04:39
  Speaker 1: refineries is down by 30%. No wonder they're paying more
• 1:04:42
  Speaker 1: for gas. So look, I'm not around Republican folks. I'm
• 1:04:46
  Speaker 1: not here to tell you Republicans are the solution to
• 1:04:49
  Speaker 1: all our problems because they're not. Sometimes they're just the
• 1:04:51
  Speaker 1: lesser of the two evils. But come on, for the
• 1:04:54
  Speaker 1: Democrats to say we're going to lower your gas prices
• 1:04:56
  Speaker 1: and energy prices, what? Are they going to build windmills?
• 1:04:58
  Speaker 1: Are we going to run on our planes? and our, uh,
• 1:05:02
  Speaker 1: our trucks and our cars on windmills. I mean, really,
• 1:05:06
  Speaker 1: this makes no sense. Uh, we are going to break,
• 1:05:09
  Speaker 1: you know, like there's no problem in the United States
• 1:05:11
  Speaker 1: with respect to the supply of oil and gas. We're
• 1:05:14
  Speaker 1: producing more oil and gas in the United States than
• 1:05:17
  Speaker 1: any other time in history because we're going after it.
• 1:05:20
  Speaker 1: One last point, guess what state has more oil and
• 1:05:26
  Speaker 1: gas than almost any other state other than maybe Oklahoma, Texas,
• 1:05:30
  Speaker 1: and Alaska. You know what state that is? California. California
• 1:05:34
  Speaker 1: has a lot of oil and gas. They just won't
• 1:05:37
  Speaker 1: go after it. A lot of these oil companies were
• 1:05:40
  Speaker 1: originally in California. Chevron, for example, which has moved out
• 1:05:43
  Speaker 1: of California because it's the environmental laws. So to think,
• 1:05:48
  Speaker 1: you know, you vote however you want, folks. But to
• 1:05:50
  Speaker 1: think that by putting Democrats in charge, you're going to
• 1:05:52
  Speaker 1: see a lower gas price. You are delusional. This is
• 1:05:56
  Speaker 1: The More Money Show. We will be back. Same bad time,
• 1:06:00
  Speaker 1: same bad channel next week. Have a great weekend, folks.