Latest / The Mark Simone Show / Hour 2: Whose turnout will be bigger, Dems or Republicans?
Transcript
- 0:00Speaker 1: Now, on 710WOR. Mark Simone. Much more Mark. Thank you,
- 0:07Speaker 1: Shadow Stevens. Well, we got a big two hours coming up.
- 0:10Speaker 1: If you just joined us, you missed the first hour.
- 0:13Speaker 1: Don't forget, it's nine to noon every day. It's three hours,
- 0:16Speaker 1: nine to noon every day. Many people talking about Chuck
- 0:22Speaker 1: Schumer being the most useless guy in the world. Why,
- 0:26Speaker 1: even on Morning Joe this morning, I was watching Morning Joe.
- 0:30Speaker 1: They were going after Schumer, the most bored, they call
- 0:33Speaker 1: him bored, just a bored guy, doesn't do anything. Well,
- 0:36Speaker 1: you can't say he's not doing anything. Just moments ago,
- 0:40Speaker 1: he announced he is launching an investigation. You know, President
- 0:45Speaker 1: Trump has those ads running on TV about the Trump administration,
- 0:50Speaker 1: you know, all the good things they're doing, something like that.
- 0:52Speaker 1: And they're being paid for by the government. So the
- 0:58Speaker 1: fake news, the media, the Democrats are This is unheard
- 1:02Speaker 1: of for the taxpayers to have to pay for campaign ads. Well,
- 1:07Speaker 1: first of all, every administration has done this. Every administration
- 1:12Speaker 1: has done this. I could run down the list, but
- 1:14Speaker 1: it's too long. The other thing is Donald Trump is
- 1:18Speaker 1: not a candidate. They're saying it's a campaign ad. He's
- 1:21Speaker 1: got taxpayers paying for campaigns. It can't possibly be a
- 1:25Speaker 1: campaign ad. That would be impossible. Donald Trump is not
- 1:29Speaker 1: a candidate. He's term-limited it out. He can't run again.
- 1:31Speaker 1: He's not a candidate. He's not going to be a candidate.
- 1:36Speaker 1: And Schumer calling for an investigation. He's doing this just
- 1:41Speaker 1: because he always tries to pretend he's doing something, and
- 1:44Speaker 1: he always picks something ridiculous and meaningless to anybody. You know,
- 1:50Speaker 1: when he does those fake Sunday press conferences, it's always
- 1:53Speaker 1: about nothing. It's about something the airline is... The seats
- 1:58Speaker 1: on the airlines aren't wide enough. It's always something stupid.
- 2:02Speaker 1: And it's something that nobody will ever even remember, so
- 2:05Speaker 1: he doesn't have to actually do anything about it. It's
- 2:06Speaker 1: like this investigation into that taxpayer-funded ad. Two months from now,
- 2:12Speaker 1: nobody's going to remember this. So he is the most
- 2:18Speaker 1: useless senator ever elected. He's the highest-ranking Jewish government official
- 2:23Speaker 1: in America. And when the anti-Semitism problem hit New York,
- 2:27Speaker 1: students being terrorized at Columbia, where was he? Gone, hiding.
- 2:31Speaker 1: He's never there when you need him. That's Schumer. He's
- 2:35Speaker 1: always there when you don't need him. He's never there
- 2:37Speaker 1: when you need him. Even the Democrats hate him. The
- 2:40Speaker 1: Democrats can't stand this guy. Here's Ro Khanna, top Democrat now.
- 2:44Speaker 2: I'm a New Deal Democrat, not a donor class Democrat.
- 2:48Speaker 2: I'm a New Deal Democrat, not a corporate Democrat. I'm
- 2:56Speaker 2: a New Deal Democrat, not a Chuck Schumer Democrat.
- 2:59Speaker 1: Yeah, that's what he's talking about. Schumer is the donor
- 3:02Speaker 1: corporate Democrat. Every big, big donor, every, not just Democrats,
- 3:07Speaker 1: every big Republican donor, they all have Schumer's cell number.
- 3:11Speaker 1: All the corporations have Schumer's cell number. You need anything,
- 3:14Speaker 1: you call him, he's there. If you're a constituent, forget it.
- 3:19Speaker 1: You can call all you want. Nobody's going to help you.
- 3:22Speaker 3: Cornell?
- 3:22Speaker 1: Cornell? Ooh, they've brought in a special investigator. They're going
- 3:27Speaker 1: to investigate themselves. As we mentioned before, they've announced they've
- 3:31Speaker 1: hired Sally Yates, former attorney general. And a lot of
- 3:36Speaker 1: fake news pointing out she was a Donald Trump attorney general. Well, no, no, no.
- 3:40Speaker 1: That's totally misleading. That's really not the case. She was
- 3:43Speaker 1: an Obama deputy attorney general. She was an Obama administration
- 3:48Speaker 1: deputy attorney general under Loretta Lynch. Remember Loretta Lynch? Wasn't
- 3:54Speaker 1: she the one that targeted, was it conservative groups, conservative
- 3:59Speaker 1: organizations targeted them? Anyway, Loretta Lynch, when Trump was elected,
- 4:07Speaker 1: Loretta Lynch immediately resigned. And it took, as it would
- 4:13Speaker 1: with any new president, it takes a few weeks to
- 4:15Speaker 1: get an attorney general confirmed. So when Loretta Lynch resigned,
- 4:20Speaker 1: the deputy, Sally Yates had to become the attorney general.
- 4:24Speaker 1: She was the deputy. So she was the attorney general.
- 4:28Speaker 1: And Trump couldn't stand her. She's a big Trump hater.
- 4:32Speaker 1: He had an executive order about, I forget what it was.
- 4:37Speaker 1: It was an executive order banning refugees or something about
- 4:41Speaker 1: the border, the travel ban, whatever it was. It was
- 4:45Speaker 1: an executive order. She refused to enforce it. She actually
- 4:50Speaker 1: defied her own boss, the president, refused to enforce it,
- 4:53Speaker 1: and he fired her. So she kind of left in disgrace,
- 4:57Speaker 1: unless you're an MSNBC viewer. Then she was heroic. So
- 5:00Speaker 1: this is perfect for Cornell. Elite Ivy League, Trump hating.
- 5:05Speaker 1: This is perfect. She was fired by Trump. That's the
- 5:07Speaker 1: credential that they're looking for. She will be conducting an
- 5:13Speaker 1: investigation into Cornell. as to whether they handled things properly. Now, obviously,
- 5:22Speaker 1: obviously they didn't handle things properly. Otherwise, it wouldn't be
- 5:25Speaker 1: front page news for two weeks if it's all over
- 5:27Speaker 1: the place. Every time you go to the news site,
- 5:30Speaker 1: every time you watch TV, there's a picture of that
- 5:33Speaker 1: hideously ugly fraternity house. And Cornell, if they'd handled it properly,
- 5:37Speaker 1: wouldn't be here. This is two years after the incident.
- 5:40Speaker 1: Two years later, had they handled this, we wouldn't be
- 5:42Speaker 1: hearing about it all the time. So she's going to investigate.
- 5:46Speaker 1: And then Her investigation will conclude that they did follow
- 5:52Speaker 1: Cornell procedures, but the procedures need to be modified enough
- 5:56Speaker 1: to do something like that. Then these kids will go
- 5:59Speaker 1: to trial. You know, there's going to be trials. You
- 6:02Speaker 1: got seven people named in all of this. It looks
- 6:06Speaker 1: like four were the actual ones committing something. But that
- 6:10Speaker 1: means seven trials. That means four trials. I would imagine
- 6:13Speaker 1: they'll all be separate trials. So this will go on
- 6:16Speaker 1: for a couple of years. This is the worst thing
- 6:18Speaker 1: for Cornell. Applications to Cornell are dramatically down. This is
- 6:23Speaker 1: going to cost them a fortune. I don't know what
- 6:26Speaker 1: else they could do at this point, but we'll see.
- 6:30Speaker 1: As I mentioned yesterday, this is not uncommon, this kind
- 6:35Speaker 1: of thing. There have been 8,000 of these incidents reported
- 6:39Speaker 1: at American colleges. There's some colleges... that, uh, and not
- 6:44Speaker 1: just the Ivy league ones, but it's all over there.
- 6:45Speaker 1: Some of these colleges have up to 175 incidents a
- 6:49Speaker 1: year reported, but altogether in a year, there's like 8,000
- 6:55Speaker 1: of these incidents at, at the college campuses. So, um,
- 7:01Speaker 1: they had a, uh, they have these car shows all
- 7:03Speaker 1: over the place. You see them all over the places,
- 7:05Speaker 1: the concourse elegance that travels the country. They're doing everywhere,
- 7:10Speaker 1: wherever you are. If you're in, New Canaan, they got
- 7:12Speaker 1: that caffeine and carburetors car show. If you're in Long Island,
- 7:16Speaker 1: there's that, I forget what they call it, that car
- 7:18Speaker 1: show at Halston's, at Blackstone's. They have them all over
- 7:23Speaker 1: the place. So there's one, a big one in Newport,
- 7:26Speaker 1: the Audrain Concours. And Jay Leno, you know, he bought
- 7:31Speaker 1: a house in Rhode Island. That's like his vacation home
- 7:34Speaker 1: in Rhode Island. So he loves this car show. And
- 7:40Speaker 1: Jay Leno was a big part of it, emceeing it
- 7:42Speaker 1: and brought some of his cars to this great car show.
- 7:46Speaker 1: And guess who showed up yesterday at this car show? Yeah,
- 7:51Speaker 1: Joe Biden. Everybody was stunned. Joe Biden shows up with,
- 7:58Speaker 1: I guess it was his grandson. Biden was there, pretend,
- 8:04Speaker 1: you know, listen to his grandson's name. Robert Hunter Biden.
- 8:09Speaker 1: What a name to have. Bobby Biden. But it's Robert
- 8:12Speaker 1: Hunter Biden. It was at State Park, Newport, Rhode Island.
- 8:16Speaker 1: And you walk around and you look at the cars.
- 8:18Speaker 1: And they're beautiful old cars. And they're all polished and
- 8:22Speaker 1: shined up. And it says Biden was there because he's
- 8:26Speaker 1: a car enthusiast. You know, they keep trying to convince
- 8:30Speaker 1: you this guy's a car enthusiast. He's got one old
- 8:33Speaker 1: Corvette sitting in the garage. I don't think it even works.
- 8:37Speaker 1: This old, old Corvette is sitting in the garage. It's
- 8:41Speaker 1: a 1967 Corvette. That's not a car enthusiast. You see
- 8:44Speaker 1: Jane Leno's garages? It's not even a garage. His garage
- 8:48Speaker 1: is actually two enormous airplane hangers cut together. They're actually
- 8:54Speaker 1: next to each other, but they've got like a hallway
- 8:56Speaker 1: between them. And he's got hundreds and hundreds and hundreds
- 8:59Speaker 1: and hundreds of the rarest cars. Jerry Seinfeld, same thing.
- 9:03Speaker 1: That's what you do if you're one of these guys.
- 9:04Speaker 1: You buy an airplane hangar. at an airport, you can
- 9:10Speaker 1: do that. You can buy your own hangar. If you
- 9:12Speaker 1: go to one of these airports where all the private
- 9:14Speaker 1: jets use, certain airports, New Jersey, Teterboro, there's all these
- 9:20Speaker 1: airports that have private jets coming and going. And if
- 9:25Speaker 1: you're a big corporation, you've got seven private jets coming
- 9:28Speaker 1: and going, you buy a hangar at the airport. You
- 9:31Speaker 1: have your own hangar where you keep your planes. And
- 9:34Speaker 1: those hangars have a second floor. And in the second floor,
- 9:38Speaker 1: they put bedrooms. It looks like a suite at the Ritz-Carlton.
- 9:42Speaker 1: And that's where they keep the pilots or whatever. And
- 9:46Speaker 1: if you're a Jay Leno or a Jerry Seinfeld and
- 9:48Speaker 1: you got 111 cars or something, you also legally become
- 9:53Speaker 1: a car dealer. You actually get incorporated and legally certified
- 9:56Speaker 1: as a car dealership. That way, you get all kinds
- 9:59Speaker 1: of of tax benefits and all kinds of stuff kicks
- 10:02Speaker 1: in so compare that to Joe Biden who happens to
- 10:05Speaker 1: have an old Corvette sitting in the garage nobody's ever
- 10:09Speaker 1: seen him drive this car the guy can't even walk
- 10:12Speaker 1: would you be honest would you get in a car
- 10:16Speaker 1: driven by Joe Biden He's not even capable of driving
- 10:21Speaker 1: a car, but there he was walking around the show. Now,
- 10:23Speaker 1: it turns out later, what was he doing there? It
- 10:25Speaker 1: turns out, huh, it says he was actually invited there
- 10:30Speaker 1: by Jay Leno. Leno asked him to come. All right.
- 10:34Speaker 1: I don't know why, but I guess it helped promote
- 10:37Speaker 1: the car show. So it's the anniversary of October 7th,
- 10:44Speaker 1: the most horrible, awful Holocaust committed by Hamas, a terrorist
- 10:49Speaker 1: attack as big as 9-11, actually bigger in some ways
- 10:54Speaker 1: because more people, percentage-wise of the population, were killed on
- 10:58Speaker 1: October 7th than on 9-11. It was the most brutal, ugly,
- 11:02Speaker 1: disgusting terrorist attack. Not only all the killing, but babies
- 11:08Speaker 1: were slaughtered, women were raped. This is Hamas at work,
- 11:12Speaker 1: and it's the third anniversary today. Now, according to this study,
- 11:19Speaker 1: More than half of Jewish New Yorkers fear for their
- 11:22Speaker 1: safety after these attacks. 42% say they've been verbally harassed
- 11:29Speaker 1: or had real problems. 51% say they feel unsafe, compared
- 11:34Speaker 1: with 38% of non-Jewish voters. 55% of Jewish voters say
- 11:40Speaker 1: it's clearly gotten much worse since October 7th. Yeah, since
- 11:44Speaker 1: October 7th, it unleashed, I guess it was always there somewhere,
- 11:48Speaker 1: but it unleashed this anti-Semitism. It somehow brought it out
- 11:52Speaker 1: into the open, even among Democrat candidates, even among Democrat officials.
- 11:58Speaker 1: It's just open anti-Semitism. And they'll try to convince you
- 12:03Speaker 1: that you could be anti-Israel without being anti-Semitic. You can't
- 12:08Speaker 1: really make that case because if you don't want Jews
- 12:13Speaker 1: to have a homeland, you're anti-Semitic. It's that simple. You know,
- 12:18Speaker 1: you can't say, I don't hate the French, but I
- 12:21Speaker 1: don't want them to have a country. Do you know
- 12:22Speaker 1: any other ethnic group where a whole bunch of people
- 12:26Speaker 1: would declare they shouldn't have their own country? They shouldn't
- 12:29Speaker 1: have their own state. Of course, Jews have to have Israel.
- 12:32Speaker 1: So anybody that's against Israel is anti-Semitic. And somehow it
- 12:38Speaker 1: became acceptable after October 7th, for people to say it
- 12:43Speaker 1: in public. Even officials, even government officials can actually openly
- 12:47Speaker 1: spew this anti-Semitism. Even candidates can openly spew this stuff.
- 12:52Speaker 1: Bruce Blakeman catching up to Kathy Hochul. It looks pretty
- 12:56Speaker 1: much neck and neck. They're both within the margin of error.
- 12:59Speaker 1: I'm talking about in the real polls, not the public polls,
- 13:01Speaker 1: the real polls. That's why she is spending a fortune
- 13:04Speaker 1: on these attack ads, going after Blakeman. He is also,
- 13:10Speaker 1: now he's vowing to end all the New York sanctuary policies.
- 13:14Speaker 1: You got Mike Lawler running, going after Hochul. The debate
- 13:18Speaker 1: is coming up next week. It's on New York One.
- 13:21Speaker 1: I'm just telling you because nobody has New York One.
- 13:23Speaker 1: Nobody sees New York One. Nobody watches New York One.
- 13:26Speaker 1: It's also the most left-wing biased place in the world.
- 13:30Speaker 1: That's why it's the only debate that Hochul will agree to.
- 13:35Speaker 1: So it's only 27 days. 27 days away. It's less
- 13:40Speaker 1: than a month away in the election. President Trump, every
- 13:44Speaker 1: single day, every single day, working in the White House
- 13:48Speaker 1: for most of the day. Then in the afternoon, he
- 13:50Speaker 1: flies out to a different state, does a massive rally,
- 13:53Speaker 1: sometimes two, three hours of him speaking. Today, it's Texas.
- 13:58Speaker 1: He'll be in Texas for a rally. Then he'll come
- 14:00Speaker 1: back every day. Now, this is the other thing you
- 14:03Speaker 1: got to think about. The polls make it look like
- 14:06Speaker 1: the Republicans are way behind. They're not way behind. They're
- 14:10Speaker 1: a little behind, which is not a bad place to be.
- 14:12Speaker 1: You want to be a little behind four weeks out
- 14:15Speaker 1: and surging and have momentum. You want to surge at
- 14:18Speaker 1: the end. You don't want to peak early. That may
- 14:21Speaker 1: have been the Democrats' problem. But here's the most important number.
- 14:29Speaker 1: Republicans are behind a little, but the number that's behind...
- 14:34Speaker 1: is less than the number they always outperform the polls by.
- 14:38Speaker 1: So that looks good for them. Also, you got to
- 14:40Speaker 1: factor in Donald Trump is a ruthless, relentless warrior at
- 14:46Speaker 1: the end of a campaign. He'll be campaigning around the
- 14:49Speaker 1: clock in the final couple of weeks. So we'll see
- 14:52Speaker 1: what that does. The whole election is going to be
- 14:54Speaker 1: determined by turnout. Whichever side turns out, that's who's going
- 14:59Speaker 1: to win. If Democrats get massive turnout, they win. If
- 15:02Speaker 1: Republicans get big turnout, They win. Generally, Republicans don't turn
- 15:06Speaker 1: out in a situation like this. If it's the party
- 15:10Speaker 1: in power, a lot of them just don't bother. But
- 15:13Speaker 1: we'll see. Now, a lot of Democrats are disgusted with
- 15:15Speaker 1: their candidates. So you might see low turnout on both sides.
- 15:19Speaker 1: But we'll see what happens. I feel naked right now
- 15:21Speaker 1: because I left my Apple Watch. It's in the charger.
- 15:27Speaker 1: This is the first day in a couple of years
- 15:29Speaker 1: without it on. You just feel helpless. I mean, I
- 15:34Speaker 1: can look at my phone and get the exact time.
- 15:36Speaker 1: But with that watch, it would tell you everything. Your pulse,
- 15:41Speaker 1: your blood oxygen level, your this, your that. Hey, we'll
- 15:46Speaker 1: take some calls next. 800-321-0710 is the number.
- 15:47Speaker 4: 800-321-0710.
- 15:47Speaker 1: 0710. Mark Simone.
- 15:56Speaker 4: Mr.
- 15:56Speaker 5: New York. Now three hours every weekday from 9 till
- 16:00Speaker 5: noon on 710WOR.
- 16:04Speaker 1: Hey, let's take some calls. 800-321-0710 is the number. Let's
- 16:09Speaker 1: go to Dave in Chicago. Dave, how you doing?
- 16:13Speaker 6: Good morning, Mark.
- 16:14Speaker 4: I'm doing very well, thank you.
- 16:16Speaker 3: Mark, as the next.
- 16:17Speaker 7: Governor, Bruce Blakeman, will he be addressing congestion pricing, the.
- 16:24Speaker 4: Tolls for bridges?
- 16:25Speaker 7: And the second question is, where right now is all
- 16:29Speaker 7: of this revenue going, if you please?
- 16:32Speaker 1: Out the window, usually. It goes to important things like waste, fraud,
- 16:36Speaker 1: and bloat. That's what it covers. Yeah, Bruce Blakeman, I
- 16:39Speaker 1: guarantee you, this is another reason you want to vote
- 16:41Speaker 1: for him. I guarantee on day one, the congestion pricing
- 16:44Speaker 1: tax ends that night. and he'll get rid of a
- 16:49Speaker 1: lot of taxes. This is what he did in Long Island.
- 16:51Speaker 1: He'll make you safer. He will start to cut taxes,
- 16:56Speaker 1: and you can be sure there'll be no tax increases
- 16:58Speaker 1: with him. Now you're going to say, well, he's got
- 17:00Speaker 1: a big Democratic legislature. He had the same problem in
- 17:03Speaker 1: Nassau County. He's pretty good at working with them and
- 17:06Speaker 1: getting things done. But we've got to hope and pray
- 17:10Speaker 1: that Bruce Blakeman becomes the governor. Everything will change. He
- 17:13Speaker 1: can also do some stuff to rope in Mamdani, and
- 17:17Speaker 1: keep away some of his crazy nonsense. Bruce Blakeman, you
- 17:20Speaker 1: can help him. Go to BlakemanForNewYork.com. BlakemanForNewYork.com. Let's go to
- 17:26Speaker 1: Arthur in Cedarhurst, speaking of Nassau County. Arthur, how are
- 17:29Speaker 1: you doing?
- 17:31Speaker 8: I'm well, thank you, Mark.
- 17:32Speaker 1: How are you?
- 17:32Speaker 6: Good.
- 17:34Speaker 4: Good.
- 17:34Speaker 8: First of all, long-time fan going back to Sundays with Sinatra.
- 17:39Speaker 1: Wow, very good.
- 17:41Speaker 3: Okay.
- 17:42Speaker 8: My simple question is, this emergency on the measles, Do
- 17:47Speaker 8: you know how many measles cases this year have come
- 17:51Speaker 8: up in New York State?
- 17:52Speaker 4: No.
- 17:52Speaker 1: How many?
- 17:53Speaker 3: A little over 100.
- 17:55Speaker 8: It was 16 in September. This is a massive outbreak
- 18:00Speaker 8: of an emergency, or is this a political ploy?
- 18:03Speaker 1: Yeah, you're right. It's very, very, very, very, very few cases. Yeah,
- 18:09Speaker 1: it's a good point. What are you doing, Cedarhurst, Arthur?
- 18:12Speaker 8: I'm a computer consultant.
- 18:14Speaker 1: Oh, my God.
- 18:15Speaker 3: Six computers.
- 18:16Speaker 1: Too complicated. You really fix computers? Yes, I do. You know,
- 18:22Speaker 1: we can't get it to work, and then we call
- 18:23Speaker 1: you guys, a guy like you comes in, and you
- 18:25Speaker 1: go into parts of the computer we've never even seen
- 18:27Speaker 1: you do. Is it really that complicated, or could anybody
- 18:30Speaker 1: learn this stuff?
- 18:32Speaker 8: It's not any more complicated than the job you do.
- 18:35Speaker 8: And anybody can't do your job. Not everybody can do
- 18:38Speaker 8: my job.
- 18:39Speaker 1: All right. Good answer, Arthur. Thanks for calling. Let's go
- 18:42Speaker 1: to Dan in Queens. Dan, how are you doing?
- 18:45Speaker 6: Good, good, Mark. Mark, Blakeman has got to be the
- 18:50Speaker 6: biggest populist in the country, either Republican or Democrat, besides
- 18:55Speaker 6: the sanctuary city today. Last week, him coming out with
- 18:59Speaker 6: saying he would reduce New York state taxes 50 percent
- 19:04Speaker 6: for moderate income people. That's like revolutionary, really. I wish
- 19:10Speaker 6: they could get that.
- 19:11Speaker 1: It's more common sense than it used to be the
- 19:13Speaker 1: way a lot of politicians were, but I guess nowadays
- 19:16Speaker 1: that's considered revolutionary. Yeah, no, Blakeman's got a brilliant tax
- 19:20Speaker 1: plan he's put out, and it would dramatically reduce taxes.
- 19:24Speaker 1: You know, our budget here in New York is some
- 19:27Speaker 1: preposterous number. It's, I don't know, it's like $ 270 billion
- 19:31Speaker 1: in New York. It should be about $ 100 billion. I mean,
- 19:35Speaker 1: it's double, triple what it's supposed to be.
- 19:38Speaker 6: Florida.
- 19:39Speaker 1: Has a much bigger population than New York. Their budget
- 19:42Speaker 1: is half of what ours is. It's all just waste, fraud, bloat.
- 19:47Speaker 1: It's easy to cut the budget in half, which would
- 19:50Speaker 1: mean your taxes would be cut in half. Let's go
- 19:54Speaker 1: to Jerry in Greenwich. Jerry, how you doing? Very well.
- 19:57Speaker 3: Thank you, Mark. Thank you for taking my call. Every
- 20:01Speaker 3: time I watch television, I see Bernie Sanders He speaks
- 20:06Speaker 3: like a crazy maniac. I mean, I think this guy
- 20:10Speaker 3: should be committed. He's out to ruin America. And all
- 20:14Speaker 3: the people that listen to him, they think they should
- 20:17Speaker 3: be committed, too.
- 20:18Speaker 1: Well, I don't know. He's not crazy. He's got a
- 20:20Speaker 1: good act. Hey, the guy's got like four mansions now.
- 20:23Speaker 1: He's flying around on jet planes. He must know something.
- 20:25Speaker 1: I mean, private planes.
- 20:28Speaker 3: Everything he says is a lie.
- 20:30Speaker 1: Well, he's a politician. He's in Congress. What do you
- 20:33Speaker 1: expect him to do? They all lie. But good point, Jerry. Yeah,
- 20:36Speaker 1: he's your typical socialist. He'll give you a handout now
- 20:41Speaker 1: and then. The guy literally has three mansions. Three mansions.
- 20:45Speaker 1: He's got a home everywhere. He's a multimillionaire. He makes
- 20:49Speaker 1: like $ 180, 000 as a senator. Somehow he's got $ 30 million
- 20:50Speaker 1: in cash on hand. He's made a fortune. And all
- 20:59Speaker 1: he does is lecture you, and he's yelling and screaming,
- 21:01Speaker 1: but the top 5% or the top 2% only pay 1%.
- 21:05Speaker 1: Nobody knows what he's talking about, but it sounds good. And,
- 21:10Speaker 1: you know, he has the hair sticking out, so he
- 21:12Speaker 1: looks a little crazier. He's your typical socialist. Oh, when
- 21:16Speaker 1: we come back, this new study comes out. You're like, 80%
- 21:20Speaker 1: of Americans think the economy's in trouble. You know, it's
- 21:23Speaker 1: actually just the opposite. We'll talk to a real expert,
- 21:25Speaker 1: John Carney, the Breitbart business editor. The Breitbart Business News,
- 21:30Speaker 1: it's the first thing the top economists read every day.
- 21:33Speaker 1: Scott Besson has said he reads it every morning first thing,
- 21:36Speaker 1: Larry Kudlow. But he'll give us the real story on
- 21:38Speaker 1: the economy. We'll get to that coming up next on 710WOR.
- 21:43Speaker 5: Live from the WOR LifeVac studios, Mark Simone.
- 21:49Speaker 1: Well, John Carney is the editor of the Breitbart Business Digest. Now,
- 21:53Speaker 1: the best economist, the top of financial people. It's the
- 21:56Speaker 1: first thing they'll tell you. It's the first thing they
- 21:58Speaker 1: read every morning, the Breitbart Business Digest. It's free. You
- 22:01Speaker 1: can sign up for it. It'll come right to your email.
- 22:03Speaker 1: Just go to Breitbart and then go to where it
- 22:06Speaker 1: says Newsletters and then sign up with your email for
- 22:10Speaker 1: the Business Digest. It'll come to you every morning. The editor,
- 22:13Speaker 1: John Carney, is with us. John Carney, how are you doing?
- 22:17Speaker 3: Very good.
- 22:18Speaker 4: Thanks for having me, Mark.
- 22:19Speaker 1: Hey, look at this survey. It says the majority of Americans...
- 22:23Speaker 1: think the economy is in bad trouble, the economy is
- 22:26Speaker 1: going bad. That's not the case, is it? Why do
- 22:29Speaker 1: they think that?
- 22:31Speaker 4: So, yeah, I'm not sure they really do think it.
- 22:34Speaker 4: I know that all the surveys show that people are really.
- 22:39Speaker 1: Unhappy with the economy.
- 22:40Speaker 4: But when you look at how people are behaving, meaning,
- 22:44Speaker 4: you know, look at retail sales, personal expenditures, they're actually
- 22:49Speaker 4: behaving like the economy is doing quite well. people are
- 22:53Speaker 4: spending a lot of money. Traditionally, when people start to
- 23:00Speaker 4: worry that the economy is doing badly, they pull back
- 23:03Speaker 4: on spending because they start saving for the rainy day
- 23:07Speaker 4: that they think has already begun. But we don't see
- 23:09Speaker 4: that anywhere in the numbers. So yes, when people are
- 23:13Speaker 4: surveyed about the economy, they say they don't like it.
- 23:16Speaker 4: But when people are, when they go online to shop
- 23:20Speaker 4: or when they go into a shopping mall, they are
- 23:23Speaker 4: not behaving as if they think the economy is in
- 23:25Speaker 4: terrible shape.
- 23:26Speaker 1: Oh, look at that. Even I got fooled by the
- 23:28Speaker 1: fake polls with their fake metrics. And so, yeah, so
- 23:34Speaker 1: that's good to know that the economy is in good shape.
- 23:36Speaker 1: And well, what about people that make the argument? Well,
- 23:38Speaker 1: Wall Street's doing well, but not the rest of us.
- 23:42Speaker 4: So Wall Street has done well. And if by that
- 23:46Speaker 4: you mean like stocks are up a lot. The thing is,
- 23:49Speaker 4: people underestimate how broadly stocks are owned in the U.S. Yes,
- 23:55Speaker 4: the wealthy own most of the stocks because they're wealthy.
- 23:59Speaker 4: But a large percentage of Americans, through their retirement plans,
- 24:03Speaker 4: own stocks. And so it's not true that there is
- 24:07Speaker 4: this strict divorce of when the stock market goes up,
- 24:12Speaker 4: that doesn't help regular people. Of course it does.
- 24:15Speaker 1: Everybody knows this.
- 24:15Speaker 4: People have 401ks.
- 24:16Speaker 3: They have IRAs.
- 24:18Speaker 4: They have pensions, and these actually have benefited tremendously from
- 24:23Speaker 4: the stock market doing as well as it has, especially
- 24:27Speaker 4: over the last year and a half.
- 24:29Speaker 1: Yeah. Also, when it's up, doesn't that lead to the
- 24:32Speaker 1: businesses spending more money, creating more factories, jobs, that sort
- 24:35Speaker 1: of stuff?
- 24:38Speaker 4: Absolutely. It works on both sides. One of the reasons
- 24:43Speaker 4: stocks are up so much is is because the economy
- 24:46Speaker 4: is doing well corporate profits are up because the economy
- 24:49Speaker 4: is doing well people are and people expect it investors
- 24:54Speaker 4: expected to do even better stocks aren't rising because you
- 24:58Speaker 4: know rich people felt like paying more for stocks they're
- 25:02Speaker 4: rising because the bid for the stocks goes up because
- 25:05Speaker 4: people are willing to pay more because they think the
- 25:07Speaker 4: profits are going to continue to increase And so, yes,
- 25:13Speaker 4: on the other side of it, as you said, when
- 25:15Speaker 4: the stocks are rising, companies actually tend to be able
- 25:20Speaker 4: to invest more because one thing is they can buy
- 25:24Speaker 4: things with their own currency in effect. So they do
- 25:28Speaker 4: acquisitions of other companies, buying them with their stock. And
- 25:33Speaker 4: managers tend to take this as an affirmation that they
- 25:35Speaker 4: should keep investing because investors are saying no. yes, we
- 25:40Speaker 4: like what you're doing. Keep going. So they continue to
- 25:44Speaker 4: expand operations, which means more employment and more output for
- 25:49Speaker 4: the economy.
- 25:50Speaker 1: Yeah. So the last year or two, wages are up, right?
- 25:55Speaker 1: But they're up more than the inflation is. Are people
- 25:57Speaker 1: actually taking home more now?
- 26:00Speaker 3: Yes.
- 26:01Speaker 4: So this is an important nuance that a lot of
- 26:04Speaker 4: people miss. For a hourly wages actually didn't beat inflation.
- 26:13Speaker 4: Hourly wages were down slightly. But because people were able
- 26:19Speaker 4: to work more, meaning their businesses were doing well enough
- 26:23Speaker 4: that they said, hey, can you guys put in some
- 26:25Speaker 4: extra hours? I also think people, because we stopped taxing
- 26:29Speaker 4: overtime for a lot of jobs. People are willing to
- 26:32Speaker 4: work more. So one of the things that we've seen
- 26:35Speaker 4: is that weekly wages, which is actual paychecks, that's where
- 26:39Speaker 4: people's spending power comes from, not an hourly wage. The
- 26:42Speaker 4: weekly wages are beating inflation and have, for the past
- 26:47Speaker 4: three months, they did fall short for two months out
- 26:50Speaker 4: of the whole Trump presidency. So we have 18 or 19,
- 26:54Speaker 4: depending on how you want to count, and only in
- 26:57Speaker 4: two months did did weekly wages not beat inflation. By
- 27:02Speaker 4: the way, that's a huge difference from what we saw
- 27:06Speaker 4: under Joe Biden, where over the course of Joe Biden's entire, yes,
- 27:11Speaker 4: there were periods where weekly wages beat inflation under Biden.
- 27:16Speaker 4: But over the course of, because inflation ran so hot
- 27:19Speaker 4: for so long under Biden's presidency, weekly wages fell behind
- 27:24Speaker 4: over the entire time he was president. Whereas Donald Trump
- 27:28Speaker 4: They're up for his presidency.
- 27:31Speaker 1: John Carney is the editor of Breitbart Business Digest. Now,
- 27:34Speaker 1: if you watch MSNBC, all I saw was that diesel
- 27:38Speaker 1: prices are the highest ever. It's going to cost us
- 27:40Speaker 1: all a fortune. Is that really the case?
- 27:43Speaker 4: No. This is another thing where– they're just wrong about this.
- 27:48Speaker 4: So diesel prices are up and in terms of nominal dollars,
- 27:52Speaker 4: they're up, but everything is up in terms of nominal dollars.
- 27:55Speaker 4: If you adjust diesel prices for inflation, which is what
- 27:59Speaker 4: you need to do to figure out whether diesel prices
- 28:01Speaker 4: are especially high, they're high, but they are not at
- 28:05Speaker 4: a record high. They were higher in 2022. They were
- 28:08Speaker 4: higher actually back in 2008. So we're not, look, I
- 28:13Speaker 4: would like diesel prices to come down. I think they
- 28:16Speaker 4: will come down. They have come down, by the way,
- 28:19Speaker 4: since their highs in mid-September, but they are not at
- 28:23Speaker 4: a record high.
- 28:24Speaker 5: Yeah.
- 28:25Speaker 1: So oil prices, obviously the Iran war is affected. Obviously
- 28:31Speaker 1: the Ukraine war is affected. Once all that ends, prices
- 28:34Speaker 1: on oil and gas are going to plunge, aren't they?
- 28:38Speaker 3: Yes.
- 28:39Speaker 4: I mean, and in fact... I think they're going to
- 28:42Speaker 4: plunge much faster than people think. Um, we're going to see, uh,
- 28:47Speaker 4: a big decline in these prices right now. Brent crude,
- 28:54Speaker 4: the international standard is about $ 101. Uh, before this all
- 28:59Speaker 4: started happening, we were down in the sixties. I think
- 29:03Speaker 4: we're going to see that crash back to those levels, uh,
- 29:08Speaker 4: relatively quickly. The problem is, uh, The war, you know,
- 29:13Speaker 4: keeps going on, right? And it keeps, in a sense,
- 29:16Speaker 4: growing because we now have not just the Strait of Hormuz,
- 29:19Speaker 4: but the Houthis attacking pipelines, attacking the Red Sea. So
- 29:26Speaker 4: it's keeping prices elevated. When those situations get resolved, we
- 29:33Speaker 4: will see it come back down. It is being driven
- 29:35Speaker 4: by war.
- 29:36Speaker 1: Yeah. For those of you listening in California, you will
- 29:38Speaker 1: not see it come down.
- 29:39Speaker 4: Yeah.
- 29:41Speaker 1: Do they do that?
- 29:42Speaker 4: The thing about the war-driven aspect of this is that
- 29:47Speaker 4: one of the things that means is that it doesn't
- 29:51Speaker 4: bleed as much into other prices. If oil prices are
- 29:54Speaker 4: seen as being permanently higher, then you will see the
- 29:59Speaker 4: price of shipping rise. You'll see the price of consumer
- 30:03Speaker 4: goods start to rise. But because it is a temporary increase,
- 30:07Speaker 4: stores like Walmart and Target don't pass that on to
- 30:09Speaker 4: their customers because, frankly, they don't want to drive away
- 30:14Speaker 4: their customers. They are in a competitive world. They try
- 30:17Speaker 4: to keep their prices low, and they are willing to
- 30:19Speaker 4: absorb a temporary price increase where they might not if
- 30:22Speaker 4: the price increase was permanent.
- 30:24Speaker 1: That's interesting. Hey, you've got to give California credit, Gavin Newsom.
- 30:27Speaker 1: How did they get the gas prices up to $ 6. 50
- 30:30Speaker 1: a gallon? How did they pull that off?
- 30:33Speaker 4: It's amazing. It's a combination of three things. One, they
- 30:39Speaker 4: haven't allowed pipelines to come into California. So we make
- 30:43Speaker 4: all of this gas out in all of this oil,
- 30:48Speaker 4: and we make natural gas in the Dakotas, in Oklahoma,
- 30:54Speaker 4: in Texas. And there's no way practically to get it
- 31:01Speaker 4: over to the west coast of the United States because
- 31:03Speaker 4: they haven't allowed pipelines. The other thing is that they
- 31:06Speaker 4: don't allow them to build new refineries. This is all
- 31:10Speaker 4: done because of climate change and environmental ideology. So California
- 31:17Speaker 4: has to get its gas mostly from the Middle East.
- 31:21Speaker 4: And it produces some oil at home, but decreasing amounts again.
- 31:26Speaker 4: And then they also impose a very large tax on gasoline.
- 31:30Speaker 4: So between the tax and the pipelines and the crackdown
- 31:36Speaker 4: on refineries, California has the highest gas prices in the nation.
- 31:40Speaker 1: Well, congratulations to California. Hey, John Carney, great stuff. Breitbart
- 31:46Speaker 1: Business Digest. It is the best thing to read every
- 31:49Speaker 1: morning on this subject. You just go to Breitbart. Go
- 31:52Speaker 1: to where it says Newsletters. Sign up for the Breitbart
- 31:55Speaker 1: Business Digest.
- 31:56Speaker 3: It's free.
- 31:56Speaker 1: It'll come right to your email. John Carney, keep up
- 31:59Speaker 1: the great work. We'll talk again soon.
- 32:01Speaker 3: Thanks, Ben.
- 32:02Speaker 4: Can't wait to talk again.
- 32:03Speaker 1: All right. Take care. Hey, don't forget, coming up at noon,
- 32:06Speaker 1: Buck and Clay. Great show today. The most listened to
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- 32:23Speaker 1: much more Mark.
- 32:25Speaker 5: Mark Simone. Now, 9 till noon weekdays.
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- 32:32Speaker 1: It's definitely fall. You got Halloween stuff everywhere. You got
- 32:36Speaker 1: the skating rink at Rockefeller Center opens later this week.
- 32:40Speaker 1: That's fall. That's winter, the skating rink. And it's going
- 32:44Speaker 1: to be in the 60s today. It'll get warm tomorrow,
- 32:46Speaker 1: like 75 tomorrow, but then it's back in the 60s.
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