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Mark interviews economist Steve Moore. · The Mark Simone Show

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  Speaker 1: Let's get back to the Mark Simone show.
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  Speaker 2: Well and brilliant economist Steve Moore. You should read his columns,
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  Speaker 2: of course, you see them all over television. You get
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  Speaker 2: his book, The Trump Economic Miracle. You'll love the book.
• 0:16
  Speaker 2: And he runs the Committee to Unleash Prosperity and they
• 0:20
  Speaker 2: put out the best daily briefing, news analysis. You want
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  Speaker 2: It'll come write your email. Just go sign up at
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  Speaker 2: Unleash Prosperity dot com. Steve Moore, how you doing.
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  Speaker 1: Hey, Mark, doing pretty well. The economy is showing some
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  Speaker 1: signs picking up. It's amazing how resilient and durable this
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  Speaker 1: economy is. But even with you know, ford to four
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  Speaker 1: to fifty gallon gas economies is doing pretty well. We've
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  Speaker 1: got a good jobs report, the boy. The stock markets
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  Speaker 1: on a tear, and we're seeing, you know, a pretty
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  Speaker 1: good incomes are actually rising faster than inflation by it.
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  Speaker 1: And so if we can get the straight of hor
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  Speaker 1: moves open, get that oil flowing again, I think we're
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  Speaker 1: gonna have a blockbuster second half of the year.
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  Speaker 2: Yeah, of course, I was watching sixty minutes. They had
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  Speaker 2: this idiotic Aaron sorkinon who on sixty Minutes Sunday said
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  Speaker 2: a recession is coming, It's gonna at any moment of recession.
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  Speaker 2: What the hell is he talking about? It makes no sense.
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  Speaker 1: Well, you know, I mean, when you have high gas prices,
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  Speaker 1: there's no question that that, you know, is a tax
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  Speaker 1: on the economy. It's a negative question about it. But
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  Speaker 1: so far, the economies really just smoke through this. Now,
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  Speaker 1: food price I'm a little worried about food prices too,
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  Speaker 1: because fertilizer prices are really high right now, so that
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  Speaker 1: might affect, you know, coming in the end of the
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  Speaker 1: summer and early fall, we might see, you know, an
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  Speaker 1: increase in food prices. But you know, boy, not the
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  Speaker 1: stock market and all the economic indicators. You saw the
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  Speaker 1: the Reserve Board says we're going at four percent discuarter.
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  Speaker 1: That's a blockbuster number.
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  Speaker 2: That's amazing. Hey, Steve Moore, we're talking about these data centers. Now.
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  Speaker 2: There's protests all over trying to block the data centers,
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  Speaker 2: Stop the data centers. We know a lot of it
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  Speaker 2: is funded by the Chinese trying to hurt us in
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  Speaker 2: the AI race. But what's the truth. Are they really
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  Speaker 2: bad for a community? Are they really draining our electricity.
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  Speaker 1: Well, look, people are obviously nervous about you know, the robots,
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  Speaker 1: and people are nervous about what this is going to
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  Speaker 1: mean for jobs, you know, five and ten years down
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  Speaker 1: the road, will will the robot take my job? And
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  Speaker 1: so I get that people are apprehensive, but it's almost
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  Speaker 1: like remember when fracking started about fifteen years Oh my god, cracking.
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  Speaker 1: It's going to cause earthquakes, You're going to pollute our water,
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  Speaker 1: and it's going to cause all these problems. We hate fracking.
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  Speaker 1: And of course now we know fracking out of trillions
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  Speaker 1: and trillions of dollars to our economy. It's you know,
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  Speaker 1: we'd be paying six seven eight dollars a gallon of
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  Speaker 1: gas if it weren't for that incredible technology that you know,
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  Speaker 1: all the lies that we're set about fracking and we
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  Speaker 1: just call it shay oil and gas right now, and
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  Speaker 1: everybody's for that. So it's a little bit like that.
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  Speaker 1: People are afraid of the unknown. But this is going
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  Speaker 1: to be the most amazing period of not just productivity.
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  Speaker 1: It's going to make so much more products, just like
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  Speaker 1: the Internet did, just like you know, when we invented
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  Speaker 1: elect This is like the the invention of electricity. That's
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  Speaker 1: how big it's going to be. And so people, you know,
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  Speaker 1: there's going to be there's not gonna be a shortage
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  Speaker 1: of homes. Everybody's going to be a castle. I'm on
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  Speaker 1: the board of a company called light Speed. We build
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  Speaker 1: houses with robots, and we're going to build build them
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  Speaker 1: twice as fast, half as expensive. So it's going to
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  Speaker 1: be enormous. But even one thing I think that the
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  Speaker 1: industry is so terrible at These are the smartest people
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  Speaker 1: on the planet, that five trillion dollar industry, and they
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  Speaker 1: don't explain to people all of the incredible benefits that
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  Speaker 1: are to come. We For example, I was meeting with
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  Speaker 1: some health experts last week and they were saying, because
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  Speaker 1: of AI, they will be able to detect cancer cells,
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  Speaker 1: you know, way way earlier than the technology now. In
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  Speaker 1: other words, the way you defeat cancer is you, you know,
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  Speaker 1: combat those cancer cells early. You know, the earlier you
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  Speaker 1: of the prognosis. So that's we have will have the
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  Speaker 1: capacity to end cancer in this country. Well also, I
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  Speaker 1: mean we'll literally be able to give site to the blind.
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  Speaker 1: All of these amazing advances, and yet people are nervous
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  Speaker 1: about it. The data centers are well, I don't understand.
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  Speaker 1: It would be like, you know, Michigan saying no, we
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  Speaker 1: don't want any more of those auto plants. I don't
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  Speaker 1: get it. It creates jobs, it pays revenues in Louden County,
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  Speaker 1: Virginia outside where I live. You know, the the data
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  Speaker 1: centers are paying half the property taxes. Wow, they pay
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  Speaker 1: for the schools, they pay for the roads, they pay
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  Speaker 1: for the hospitals.
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  Speaker 2: Huh hey, if we have a good point, nobody has
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  Speaker 2: more money than the oil companies, the data companies. Why
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  Speaker 2: don't they hire a bunch of pr firms. Why don't
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  Speaker 2: they do something?
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  Speaker 1: I know, look here I am. I'm sitting here waiting
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  Speaker 1: for that million dollar truck. But we defend that. You
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  Speaker 1: know that. We defend it not because they're paying us,
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  Speaker 1: but because this is going to be so good for America.
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  Speaker 1: And by the way, the most important point, I think
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  Speaker 1: the most persuasive point for people are nervous about.
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  Speaker 2: AI and poles show about you.
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  Speaker 1: Know, sixty percent of Americans are more nervous than excited
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  Speaker 1: about AI. I would simply say this, it's coming, It's coming,
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  Speaker 1: The robotics is coming, It's you know, you can't hold
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  Speaker 1: back the future. The only real question that matters right
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  Speaker 1: now for Americans is will the United States be at
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  Speaker 1: the forefront of this or will China. We dominated, the
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  Speaker 1: United States dominated the Internet age, and I want to
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  Speaker 1: make sure that the America, not China, you know, is
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  Speaker 1: the dominant force in the AI robotics.
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  Speaker 2: Age, and they want to make sure we're not. And
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  Speaker 2: that's why they're funding all of these protests against the.
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  Speaker 1: Exactly that's exactly right. And you know, you're Mark, You're
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  Speaker 1: one hundred percent right. So all of these revolts that
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  Speaker 1: are going on, a lot of that is funded because
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  Speaker 1: people are afraid. And why are they afraid? Because China
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  Speaker 1: is funding this movement telling people all of these weird,
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  Speaker 1: you know, things about oh, it's going to destroy America
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  Speaker 1: and out of that, that's that's a propaganda campaign that
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  Speaker 1: is being funded by our enemies.
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  Speaker 2: Hey, this new crazy New Jersey Governor Mikey Cheryl, she's
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  Speaker 2: out there protesting the data centers and isn't she chasing
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  Speaker 2: Exon out of New Jersey.
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  Speaker 1: Yeah, this is such an amazing story. So you know,
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  Speaker 1: let's face it, Exon Mobile is one of America's greatest
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  Speaker 1: iconic companies. It's been in New Jersey domicile there for
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  Speaker 1: one hundred and forty years. It's something like the tenth
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  Speaker 1: largest company in the United States. And after one hundred
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  Speaker 1: and forty years, they finally said, we're fed up with
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  Speaker 1: the you know, the liberal policies, the high taxes, the
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  Speaker 1: fact that you know, here they are the home of
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  Speaker 1: one of the largest oil companies, and they're bringing lawsuits
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  Speaker 1: against the climate change losses the oil companies. So they
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  Speaker 1: finally said we are out of here. Yesterday the shareholders
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  Speaker 1: seventy to thirty percent said we're moving to Texas. And
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  Speaker 1: you know, we've heard this story over and over again.
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  Speaker 1: So New Jersey is losing one of its greatest companies
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  Speaker 1: because of the liberal governance there.
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  Speaker 2: Well, how dumb do you have to be to be
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  Speaker 2: crazy about getting more tax revenue and chase away your
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  Speaker 2: biggest tax payers. I mean, it makes.
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  Speaker 1: Exactly, It is absolutely crazy. It's like the Seattle mayor
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  Speaker 1: when you know, Starbucks and Microsoft and Amazon started moving.
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  Speaker 1: You know, these are iconic Seattle companies started to move
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  Speaker 1: you know, jobs out of there because of their liberal policies,
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  Speaker 1: and the mayor said, bye bye, we don't want you to, well,
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  Speaker 1: who's going to pay the bills?
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  Speaker 2: Hey, even Hollywood, Los Angeles, Hollywood is leaving Hollywood. They're
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  Speaker 2: kind of losing the movie business here, aren't they.
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  Speaker 1: Just like you know, New York is losing the financial
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  Speaker 1: services sector. It's sad. You know, if you look at
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  Speaker 1: the ten movies that were on the Oscar list for
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  Speaker 1: the Best Picture, and by the way, none of them
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  Speaker 1: were any good. But now one of them was actually
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  Speaker 1: made in a movie studio in Los Angeles.
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  Speaker 2: Wow.
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  Speaker 1: Because why, it's too costly to do business there. The
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  Speaker 1: labor rules are crazy, that people are sick of the
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  Speaker 1: woke stuff. And by the way, Hollywood's near those those
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  Speaker 1: mountains where the where they had the forest fires, so
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  Speaker 1: nobody wants to make a movie there anymore. So it's
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  Speaker 1: it's really a sad thing. The amount of employment in
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  Speaker 1: Hollywood is dropped by half in just the last five years.
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  Speaker 2: Wow. So this will affect this mayoral race and in
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  Speaker 2: Los Angeles, won't it.
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  Speaker 1: Wow? What a story that is? I mean, is it Pratt?
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  Speaker 2: Yeah? Pratt, Spencer Pratt.
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  Speaker 1: He's he's amazing and he's surging in the polls they
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  Speaker 1: have they're going to elections. The election booth on Tuesday,
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  Speaker 1: and it looks like it'll be the current mayor versus
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  Speaker 1: Spencer Pratt that will make it into a runoff. And
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  Speaker 1: then it's a question of whether people in Los Angeles
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  Speaker 1: realize how much trouble they're in. I love La, by
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  Speaker 1: the way, my favorite cities, but have you been there lately?
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  Speaker 1: It's pretty varable, garbage, homeless people everywhere, dirty and unsafe.
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  Speaker 1: I hope that the people in Los Angeles have the
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  Speaker 1: courage to change, just like by the way Rudy Giuliani
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  Speaker 1: turned around New York. You were there when that happened.
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  Speaker 1: I think Senser pract could really turn make La great again.
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  Speaker 2: Hey, the only problem is you get a Rudy Giuliani,
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  Speaker 2: it's it's great, but then you get a Democrat comes
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  Speaker 2: in afterwards puts it right back where it.
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  Speaker 1: Was, so they screw it all up again. Yep.
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  Speaker 2: Well, Steve Moore great stuff. Everybody gets Steve Moore's book,
• 9:33
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• 9:44
  Speaker 2: Just go to the website and unleash Prosperity dot Com
• 9:49
  Speaker 2: Unleashed prosperity dot com and sign always gone. He just
• 9:53
  Speaker 2: leaves I just like that. But it really is the
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  Speaker 2: best daily news story analysis. You want to sound super smart,
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