Latest / The Bill Handel Show / Deal Reached to End Shutdown | Americans to Receive $2,000 Dividend

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Deal Reached to End Shutdown | Americans to Receive $2,000 Dividend · The Bill Handel Show

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  Speaker 1: You're listening to Bill Handle on demand from KFI AM
• 0:04
  Speaker 1: six forty KFI AM six forty Bill Handle.
• 0:08
  Speaker 2: Here. It is a Monday morning, November ten, as we
• 0:12
  Speaker 2: start the week, and what a start. Yesterday the Senate
• 0:16
  Speaker 2: voted the shutdown will probably end by the end of
• 0:22
  Speaker 2: this week. And this, as you know, was a fight,
• 0:26
  Speaker 2: actually almost an existential fight between the Senate Democrats and
• 0:31
  Speaker 2: the Senate Republicans. And I have some ideas as to
• 0:34
  Speaker 2: why eight Democratic senators caved on this and cut the
• 0:40
  Speaker 2: deal with Republicans who said, you fund the government now,
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  Speaker 2: and we will.
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  Speaker 1: Vote on the.
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  Speaker 2: Keeping of the extension for that for Medicare and not Medicare,
• 0:56
  Speaker 2: excuse me, for Medicaid and Obamacare.
• 0:58
  Speaker 1: In other words, will we'll see the Republicans.
• 1:02
  Speaker 2: Republicans say, will see about that, but we just have
• 1:05
  Speaker 2: to get the government going. And of course there were
• 1:07
  Speaker 2: Democrats are saying, no, we have to have a deal
• 1:10
  Speaker 2: in place. Those expansion credits that were passed, they're supposed
• 1:15
  Speaker 2: to end December thirty one, have now to be made permanent.
• 1:19
  Speaker 1: It's that simple.
• 1:20
  Speaker 2: We cannot have twenty something million Americans who were able
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  Speaker 2: to get insurance under Medica under Obamacare and these extensions
• 1:30
  Speaker 2: are going to be out of insurance or their premiums
• 1:33
  Speaker 2: are going to skyrocket to the point where they can't
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  Speaker 2: afford them. We're not going to let that happen, the
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  Speaker 2: Republicans are saying. Not that we're not going to let
• 1:41
  Speaker 2: that happen. They're saying, we have to get the government going.
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  Speaker 2: It's that simple, to the exclusion of everything else.
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  Speaker 1: So they were playing chicken.
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  Speaker 2: Forty days, the longest shut down in the history of
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  Speaker 2: the United States.
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  Speaker 1: What happened. The Democrats caved. And I'll tell you why.
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  Speaker 2: I think the Democrats caved because these and Earns premiums
• 2:00
  Speaker 2: are going to explode or people are going to be
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  Speaker 2: ineligible starting January. First, air traffic controllers are not eating now,
• 2:12
  Speaker 2: people are lining up at food banks now, and I
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  Speaker 2: think it's a question of what do we handle. First,
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  Speaker 2: Republicans would not move, would not say you've got the extension.
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  Speaker 2: All they would say is we'll vote on it later,
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  Speaker 2: which of course means that's not going to happen, because.
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  Speaker 1: That's just the philosophy.
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  Speaker 2: Is money in this administration and this Congress is to
• 2:37
  Speaker 2: be spent on defense, and it's supposed to be sent
• 2:40
  Speaker 2: on border patrol, border control. It is not to be
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  Speaker 2: spent on social programs. It's that simple. It's a question
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  Speaker 2: of philosophical difference. And so I think it was the
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  Speaker 2: immediacy of the lines at food banks and the air
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  Speaker 2: traffic controllers. They've sort of become the poster child of
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  Speaker 2: what's going on when money is unavailable, when paychecks stop.
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  Speaker 1: As a matter of fact, I'm going to do that
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  Speaker 1: at eight o'clock.
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  Speaker 2: I'm gonna do a story about the air traffic control
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  Speaker 2: system because it goes way beyond just them being paid.
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  Speaker 1: Now, a few other things that.
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  Speaker 2: The Republicans did agree to is all the people that
• 3:18
  Speaker 2: were fired by the President, they'll be reinstated. There will
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  Speaker 2: be no more firings and SNAP, and it'll be retroactive pay.
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  Speaker 2: If you remember the President saying I'm not even going
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  Speaker 2: to pay them retroactively when they come back to work,
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  Speaker 2: or I might not pay them.
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  Speaker 1: Well, that's off the table. They will be paid.
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  Speaker 2: And so the Democrats are saying, and this is the
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  Speaker 2: Republicans I think have a hard time defending that as
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  Speaker 2: shutdowns continued. Do you know that there was no money
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  Speaker 2: for the SNAP program during a governmental shutdown? And every
• 3:52
  Speaker 2: time there was a governmental shutdown. Since SNAP was created,
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  Speaker 2: they always came up with money for SNAP always. This
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  Speaker 2: is the first time that STAP payments stopped, even to
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  Speaker 2: the point when a federal judge ordered the government to
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  Speaker 2: pay SNAP program the SNAP program saying it's saying you
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  Speaker 2: better find the money someplace. The administration said no and
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  Speaker 2: appealed and was appealing that order, which now is going
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  Speaker 2: to become moot.
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  Speaker 1: So we'll see this. So here's what happens.
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  Speaker 2: The first step was yesterday when the deal was reached,
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  Speaker 2: and it's going to be there will be another vote.
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  Speaker 2: This just moves it onto the Senate floor and it
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  Speaker 2: goes over to the House. But the deal has basically
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  Speaker 2: been cut and you'll see the money being paid. The
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  Speaker 2: shutdown is actually going to be finished by the end
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  Speaker 2: of the week. And then just a question of how
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  Speaker 2: long is it going to take to issue the checks.
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  Speaker 2: When are they going to wait for the next pay period?
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  Speaker 2: For example, if the air traffic controllers and other federal
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  Speaker 2: employees are paid on the fifteen in the first do
• 5:01
  Speaker 2: they wait until the next pay period. I don't know
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  Speaker 2: how that works, but I gotta tell you it's we'll
• 5:07
  Speaker 2: see what happens. We'll see what happens with the extension
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  Speaker 2: or the keeping of the extension of Obamacare.
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  Speaker 1: That's going to blow up big time.
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  Speaker 2: I think what's going to happen on that one is
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  Speaker 2: going to affect the mid terms where Republicans are going,
• 5:22
  Speaker 2: Wait a minute, you know, am I really going to
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  Speaker 2: vote against people have poor people having insurance?
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  Speaker 1: How is that going to look in the midterms.
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  Speaker 2: Look what just happened with these elections, these various state
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  Speaker 2: wide elections. I mean, it was a suite for the Democrats.
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  Speaker 2: We'll see what happens after that. Okay, Now going on
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  Speaker 2: with what's happening economically in this country, and one of
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  Speaker 2: the things a president has certainly put us all in turmoil,
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  Speaker 2: and he has tariffs, tariffed the hell out of countries,
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  Speaker 2: a couple of them or most of the countries. It's well, well,
• 6:01
  Speaker 2: where I disagree with the president big picture, I can
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  Speaker 2: see the validity of his argument, and that is the
• 6:08
  Speaker 2: tariffs against China, the tariffs against other countries because the
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  Speaker 2: balance of trade was simply unfair, because we are buying
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  Speaker 2: from them far more than they than what they bought
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  Speaker 2: from US. Okay, fair enough, Brazil only because he likes Bolsonnaro.
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  Speaker 2: He made it very clear, I'm doing this because I
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  Speaker 2: just like the guy that you're trying. In terms of Argentina,
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  Speaker 2: not only are there no tariffs, but there's a bailout
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  Speaker 2: of forty billion dollars only because the president is an
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  Speaker 2: ally of Trumps.
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  Speaker 1: It's strictly personal the rest of it.
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  Speaker 2: Okay, So money is pouring into the US treasury as
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  Speaker 2: a result of these tariffs because well, in China, the
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  Speaker 2: tariffs for weeks were over one hundred percent, which means
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  Speaker 2: if someone were to buy let's say a manufacturer was
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  Speaker 2: to buy X dollars worth of products from China raw material,
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  Speaker 2: it would be the amount paid to China, and then
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  Speaker 2: that same amount if it was one hundred percent tariff
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  Speaker 2: paid to the US government. Now, one of the things
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  Speaker 2: about Trump, and I don't get how even supporters don't
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  Speaker 2: understand when the President says China is paying for the tariffs,
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  Speaker 2: China is not.
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  Speaker 1: We are paying for the tariffs.
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  Speaker 2: I told you the story of we had an emergency
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  Speaker 2: shipment of cookware. My partner and I in Lake Industries,
• 7:34
  Speaker 2: and we had to supply a cookware, so we had
• 7:37
  Speaker 2: to buy seventy thousand dollars worth of cookware instantly, right
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  Speaker 2: in the middle of the tariff wars, because now companies
• 7:45
  Speaker 2: are really sitting back and wondering what to do. Anyway,
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  Speaker 2: we bought seventy thousand dollars worth of goods. The broker
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  Speaker 2: who handles it said you need to pay eighty seven
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  Speaker 2: thousand dollars in tariffs that went to the government. By
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  Speaker 2: the way, China didn't write that check. We wrote the check.
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  Speaker 2: So please don't tell me how China is paying for
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  Speaker 2: the tariffs when I'm writing the check. Okay, so that is,
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  Speaker 2: And tell me how you when he says China's paying
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  Speaker 2: for it, China's paying for it even when you write
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  Speaker 2: the check. But China's writing the check, all right, God
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  Speaker 2: bless you. So now what's he gonna do with all
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  Speaker 2: this extra money because money.
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  Speaker 1: Is pouring in.
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  Speaker 2: Well, one of the things he has said is paying
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  Speaker 2: down the national debt, which is now thirty seven trillion dollars.
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  Speaker 2: I think it's a great idea. Anything we can do
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  Speaker 2: to pay down the national debt. He also sort of
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  Speaker 2: floated the idea of two thousand dollars per person, not
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  Speaker 2: including high income people. First of all, no plan has
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  Speaker 2: been put in place at all. We don't know what
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  Speaker 2: high income people mean, what they mean by it. Where's
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  Speaker 2: that figure? Is it to everybody? Is it to wage journers?
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  Speaker 2: We don't know. I think he's sort of floating the idea.
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  Speaker 2: But this is one of those issues. When a president
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  Speaker 2: even floats an idea, it instantly becomes major news. And
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  Speaker 2: one of the things about this president is when he
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  Speaker 2: says something that you or I might consider a crackpot idea,
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  Speaker 2: it happens.
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  Speaker 1: It happens.
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  Speaker 2: Brazil was terror of fifty percent simply because of Bolsceonnario,
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  Speaker 2: because Trump likes Bolscenario and Bolsonnario is being tried.
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  Speaker 1: He's being tried for corruption. And as far as the
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  Speaker 1: balance of.
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  Speaker 2: Trade, Brazil buys more from the US than we buy
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  Speaker 2: from them. It's a positive trade balance for US. We
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  Speaker 2: make money off of them buying from US. So don't
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  Speaker 2: tell me it's equality or inequality. It's strictly personal. So
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  Speaker 2: is it going to be two thousand dollars per person?
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  Speaker 2: If we can define who people are household individuals, is.
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  Speaker 1: High income we're going to be defined?
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  Speaker 2: We don't know, but I'll tell you what's not going
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  Speaker 2: to happen, we're not going to be able to pay
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  Speaker 2: down the national debt substantially and pay two thousand dollars
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  Speaker 2: per person. You cannot put ten pounds in a five
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  Speaker 2: pound bag. It just doesn't work. Well, maybe in my
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  Speaker 2: world you can't. It could be if someone else says
• 10:24
  Speaker 2: there's ten pounds here, when it's five pounds, you go, yep,
• 10:29
  Speaker 2: this is five pounds, okay. When the president says to you,
• 10:35
  Speaker 2: prices are down, you are not paying as much as
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  Speaker 2: the stores are charging you or the manufacturers.
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  Speaker 1: You're not paying this price.
• 10:47
  Speaker 2: When you go to the grocery store and you're paying
• 10:49
  Speaker 2: a dollar more for that box of cereals, you are
• 10:52
  Speaker 2: not paying that. Oh you're right, You're right. If you
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  Speaker 2: say so, I'm not paying it. By the way, I
• 11:00
  Speaker 2: want you to try that. I want you to go
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  Speaker 2: to the market this afternoon and when they give you
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  Speaker 2: the when you're asked for the receipt, or they ask
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  Speaker 2: you to pay at the checkout, and you're looking at
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  Speaker 2: the receipt, and let's say you look at the same
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  Speaker 2: item that six months ago costs I don't know, fifty
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  Speaker 2: cents less than it is.
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  Speaker 1: I want you to look at that and look at it.
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  Speaker 2: Call me up and say, I am paying less money
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  Speaker 2: than I was back then.
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  Speaker 1: Huh, okay, sure, why not.
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  Speaker 2: Sometimes as good, sometimes as bad. By the way, two
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  Speaker 2: good ideas. But the problem is that I'm paying. You're
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  Speaker 2: paying the tariffs, not China. Now a story I want
• 11:52
  Speaker 2: to share with you a little bit of handle history,
• 11:54
  Speaker 2: and this has to do with American manufacturing, and that
• 11:57
  Speaker 2: is we're going to go back to the days of
• 11:59
  Speaker 2: manu factoring. The President said we're going to bring back manufacturing,
• 12:04
  Speaker 2: and he's doing everything he can.
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  Speaker 1: There's no question about it.
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  Speaker 2: What we really don't know is those days are gone
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  Speaker 2: no matter what happens.
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  Speaker 1: And here's a little bit of history. The post war,
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  Speaker 1: post World War.
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  Speaker 2: Two era was when manufacturing exploded from the nineteen forties
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  Speaker 2: through the seventies, huge economic growth. Companies were making a
• 12:27
  Speaker 2: bunch of money, workers were doing well. Plenty of Americans
• 12:32
  Speaker 2: graduated high school, then joined at union landed factory jobs,
• 12:36
  Speaker 2: paid enough to buy a house, raise a family, retire
• 12:39
  Speaker 2: with dignity. My dad was a union electrician right in
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  Speaker 2: the middle of it in the fifties and bought a
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  Speaker 2: house and we had a nice middle class, upper middle
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  Speaker 2: class life. Because my mom also worked, and so a
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  Speaker 2: lot of Americans believe that those days, that's the natural
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  Speaker 2: order of things. And all we have to do is
• 12:58
  Speaker 2: go back to those days, and we're going to have
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  Speaker 2: this vibrant middle class coming back because manufacturing is coming back,
• 13:04
  Speaker 2: because manufacturing pays good money. And politicians left and right
• 13:08
  Speaker 2: are saying, yes, this is where we're gonna go. We're
• 13:10
  Speaker 2: gonna come back, We're gonna we're going to restore American manufacturing.
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  Speaker 1: And guess what, it's not going to happen.
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  Speaker 2: Because the model from World War Two through the seventies
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  Speaker 2: that we thought was the regular way of doing things wasn't.
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  Speaker 1: It was a fluke. It was lightning in a bottle.
• 13:30
  Speaker 2: We're not gonna be able to bring it back because
• 13:33
  Speaker 2: look what happened the Industrial Golden Age, all right, Global
• 13:39
  Speaker 2: competitors had been bombed into submission. There was nothing being
• 13:43
  Speaker 2: manufactured in Europe, in Germany, in Japan, nothing because there
• 13:49
  Speaker 2: was totally bombed out of existence. Energy was dirt, cheap,
• 13:54
  Speaker 2: unions were had enormous power, could demand concession because there
• 14:00
  Speaker 2: were no foreign rivals. You couldn't see a manufacturer saying, okay,
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  Speaker 2: we're going to move our manufacturing to China or Korea.
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  Speaker 1: That didn't exist. Whoa, I just dropped my coffee. Oh
• 14:13
  Speaker 1: good for me. Didn't exist in those days. Man, what
• 14:17
  Speaker 1: a mess. Okay, that's what happens. Lindsey better not come
• 14:23
  Speaker 1: in here anyway. Where was I? So it was a
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  Speaker 1: world just a different days.
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  Speaker 2: It was a golden age, and it began with jocking
• 14:33
  Speaker 2: between industry and labor.
• 14:35
  Speaker 1: After World War Two. Strikes were big, they were frequent.
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  Speaker 2: All the industries of that era had strike, steel, auto trucking, rubber,
• 14:43
  Speaker 2: coal mining. The unions had enormous power, and this pressure
• 14:49
  Speaker 2: from an organized that is, a unionized working class, raised
• 14:54
  Speaker 2: real wages, created huge fringe benefits, including health insurance were
• 15:00
  Speaker 2: ironman pay. You should see the pension that my dad
• 15:04
  Speaker 2: left my mother and how much they got. He had medical,
• 15:09
  Speaker 2: he had every kind of health insurance and then leaving
• 15:12
  Speaker 2: my mother lifetime health insurance. She called me up a
• 15:16
  Speaker 2: few years ago when she was still alive, actually after she.
• 15:19
  Speaker 1: Died, which is a difficult phone call to make.
• 15:22
  Speaker 2: And she was bitching and moaning why because she said
• 15:27
  Speaker 2: her copay, her premiums for Kaiser went up to thirteen
• 15:33
  Speaker 2: dollars a month.
• 15:34
  Speaker 1: She went out of her mind.
• 15:36
  Speaker 2: It had gone from five bucks a month to thirteen
• 15:39
  Speaker 2: dollars a month, and she felt she was getting screwed. Well, yeah,
• 15:44
  Speaker 2: who pays when a company pays most of your insurance
• 15:48
  Speaker 2: or a union does about how much do you pay
• 15:50
  Speaker 2: five dollars of it? Thirteen dollars of it? Those were
• 15:55
  Speaker 2: the days and the union wages. My dad bought his
• 15:59
  Speaker 2: first house, bought our first house. He was building the
• 16:03
  Speaker 2: Forum at the time, the Forum in la and it
• 16:07
  Speaker 2: was running behind schedule, and it was a union job,
• 16:10
  Speaker 2: so they were running so behind schedule that he ended
• 16:14
  Speaker 2: up working over forty hours, actually over sixty hours on
• 16:18
  Speaker 2: a Sunday night, above seventy feet in the air. All
• 16:23
  Speaker 2: of them had different categories. He was making over eighty
• 16:28
  Speaker 2: dollars an hour. This is in the fifties. Of course,
• 16:34
  Speaker 2: it was all taken away because of he had no
• 16:36
  Speaker 2: tax breaks. He was just a worker guy, and taxes
• 16:39
  Speaker 2: were in the nineties ninety percent in those days.
• 16:41
  Speaker 1: But it was enough to buy the house.
• 16:44
  Speaker 2: That's what the industrial the manufacturing world was about. And
• 16:48
  Speaker 2: no matter what President Trump can do, and he's doing plenty,
• 16:51
  Speaker 2: by the way, to bring manufacturing back, it's never going
• 16:55
  Speaker 2: to be the same, ever, because manufacturing happened war World
• 17:00
  Speaker 2: War two, right through the seventies, and we were in
• 17:03
  Speaker 2: a very different place. The President nineteen fifty six, at
• 17:11
  Speaker 2: the dedication of AFLCIO National Headquarters, said, labor is the
• 17:17
  Speaker 2: United States. The men and women who their minds, their hearts,
• 17:21
  Speaker 2: and hands create the wealth that is shared in this country.
• 17:23
  Speaker 2: They are America today. Technology is America, not labor. And
• 17:31
  Speaker 2: government support for the unions, by the way, had a
• 17:34
  Speaker 2: lot to do with it. You know, executive salaries were
• 17:37
  Speaker 2: a few times the median income of the workers in
• 17:41
  Speaker 2: a company, just a few times. Today you have these
• 17:46
  Speaker 2: executive CEOs making thirty forty fifty million dollars a year.
• 17:52
  Speaker 2: In the mid sixties, it started to go south. Why,
• 17:56
  Speaker 2: the Vietnam War was draining federal money. Lynch and Johnson
• 18:01
  Speaker 2: had to balance military spending with domestic programs of the
• 18:04
  Speaker 2: Great Society. Inflation started to go up, the dollar started
• 18:09
  Speaker 2: to weaken, and what happened was the US dollars purchasing
• 18:13
  Speaker 2: power abroad started going south, and for the first time
• 18:18
  Speaker 2: there was real competition. Japan, Korea, Europe came into the picture,
• 18:23
  Speaker 2: which didn't exist before.
• 18:26
  Speaker 1: After World War.
• 18:26
  Speaker 2: Two because the countries it didn't they just weren't manufacturing.
• 18:31
  Speaker 1: They were decimated.
• 18:32
  Speaker 2: There was nothing left of those cities and manufacturing plants.
• 18:36
  Speaker 1: Man.
• 18:36
  Speaker 2: I remember when Japan first started manufacturing. It was Sony
• 18:43
  Speaker 2: Superscope at that time, and the story of the guy
• 18:46
  Speaker 2: who created Sony said that the probably the most important
• 18:53
  Speaker 2: moment of his life is when he was talking to
• 18:55
  Speaker 2: an American executive and he was pitching moving some factory.
• 19:00
  Speaker 2: He's buying some product for Japan, and the executive said,
• 19:03
  Speaker 2: you know, all you guys are good for making those
• 19:05
  Speaker 2: little paper umbrellas that we put in our fruit drinks.
• 19:10
  Speaker 2: And that was the guy who created Sony. It's a
• 19:14
  Speaker 2: whole different story. Well here's a story of manufacturing. It
• 19:19
  Speaker 2: doesn't exist anymore. Bethlehem Steel one of the biggest steel
• 19:23
  Speaker 2: companies in America.
• 19:26
  Speaker 1: It collapsed, just collapsed.
• 19:28
  Speaker 2: It went from one hundred and fifty thousand employees one
• 19:34
  Speaker 2: of the most successful manufacturing facilities in the United States.
• 19:38
  Speaker 2: They had plants all over the Eastern Seaboard. Their girders built,
• 19:43
  Speaker 2: the San Francisco built, the Golden Gate, built stadiums, I
• 19:47
  Speaker 2: mean just all over. They went bankrupt in two thousand
• 19:51
  Speaker 2: and one, why Chinese steel was going to be coming
• 19:54
  Speaker 2: in manufacturing was there. It's a whole different world.
• 20:00
  Speaker 1: We're not.
• 20:00
  Speaker 2: It's you can't think of manufacturing. So this is a
• 20:04
  Speaker 2: myth that's coming down. Uh, and we're still somehow grasping
• 20:08
  Speaker 2: for it because those are. Let me give me an analogy,
• 20:13
  Speaker 2: and of course I'm going to go down to uh
• 20:15
  Speaker 2: uh the uh, the gutter if I possibly can. For
• 20:19
  Speaker 2: those of you that have been with anybody for any
• 20:22
  Speaker 2: length of time, like married, those first few weeks are
• 20:26
  Speaker 2: just unbelievable. You know, the sex is great, you know,
• 20:31
  Speaker 2: hanging out is just great, and then it just disappears
• 20:36
  Speaker 2: you're never going to go back there again. How's that
• 20:39
  Speaker 2: for an analogy that I bring it down to a reality?
• 20:42
  Speaker 1: Huh? Who says I? Are you kidding? The first few
• 20:45
  Speaker 1: weeks in my case, the first couple of days.
• 20:48
  Speaker 2: Oh, come on us, you're telling me the excitement level
• 20:52
  Speaker 2: is as high?
• 20:52
  Speaker 1: Give me a break? Sorry?
• 20:55
  Speaker 2: And is he crazy you've been married for a while.
• 20:58
  Speaker 2: Is he out of his mind that it's somehow just
• 21:00
  Speaker 2: as good?
• 21:01
  Speaker 1: Is different? Different? That means it's not as good, No,
• 21:05
  Speaker 1: it's just different, neither good. Married to a Latina. Yeah,
• 21:09
  Speaker 1: I'm just gonna get Amy not as good. Right, I'm
• 21:13
  Speaker 1: not married? Oh then still good. Well, it depends, you know, No,
• 21:17
  Speaker 1: it depends. I know, and I know.
• 21:20
  Speaker 2: And there's a little secret about Amy that I want
• 21:23
  Speaker 2: to share with you is Amy goes through guys the
• 21:26
  Speaker 2: way I go through my underwear once a week. Okay, Rosy,
• 21:31
  Speaker 2: thank you, Okay, there you go, just to make everybody
• 21:35
  Speaker 2: feel good.
• 21:35
  Speaker 1: All right, We're done with that, aren't we. Yes, we are.
• 21:38
  Speaker 1: Kfi A M six you've been
• 21:41
  Speaker 2: Listening to The Bill Handle Show Catch My Show Monday
• 21:44
  Speaker 2: through Friday, six am to nine am, and anytime on
• 21:48
  Speaker 2: demand on the iHeartRadio app