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Mark interviews economist Steve Moore. · The Mark Simone Show

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  Speaker 1: Welcome back to the Mark Simone Show seven. WOI Hey
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  Speaker 1: the great economist Steve Moore. Make sure you get his
• 0:10
  Speaker 1: new book. His latest book is The Trump Economic Miracle.
• 0:13
  Speaker 1: It's an excellent book. Also, make sure you sign up
• 0:16
  Speaker 1: for his daily briefing. It's called the Hotline. You go
• 0:18
  Speaker 1: to Unleash Prosperity dot com Unleashed prosperity dot com and
• 0:23
  Speaker 1: you'll get the best daily briefing, news analysis. It's free.
• 0:27
  Speaker 1: It comes right to your meail. Just sign up for
• 0:29
  Speaker 1: it Unleash Prosperity dot com. Steve Moore, how you doing.
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  Speaker 2: Hey, Mark, Good to be with you now. I'm not
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  Speaker 2: doing well. I spent so much time in the last
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  Speaker 2: four days at the airport. This flight castle, that flight castle, delays.
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  Speaker 2: It's just been a complete havoc. And now I hear
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  Speaker 2: that it's probably going to go on for even another
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  Speaker 2: two weeks, even now that they're finally about to reopen
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  Speaker 2: the government. It's just been chaotic. And by the way, Mark,
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  Speaker 2: what exactly did Chuck Schumer achieve from this? I mean
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  Speaker 2: really nothing. I mean it was fifty six billion dollars
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  Speaker 2: of lost tax payer money, caused mayhem, turmoil, frustration for
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  Speaker 2: people around the country and he got nothing.
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  Speaker 1: Well, did he get nothing? Or was the whole idea
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  Speaker 1: just to screw up the Trump economy a little, maybe.
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  Speaker 2: Screw up the old Well maybe that would be a
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  Speaker 2: very nefarious motivation, you know, if he intentionally sabotaged the
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  Speaker 2: economy to make Trump look bad. But I guess that's
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  Speaker 2: what politicians do this these days. And you know, shame
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  Speaker 2: on him because it really did ruin our whole weekend.
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  Speaker 2: My wife and I we're gonna have a little retreat,
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  Speaker 2: you know, get away for three or four days. We
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  Speaker 2: spent half the weekend in the airports, and people were
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  Speaker 2: so angry all over you know, everywhere we went. And
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  Speaker 2: what a way to score political points is to is
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  Speaker 2: to inconvenience people all over the country.
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  Speaker 1: Well, if you look back fourteen shutdowns, no party has
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  Speaker 1: ever gained anything from a shutdown the shutdown caucuses, Oh
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  Speaker 1: for fourteen, isn't it? It never does anything?
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  Speaker 2: Well, that's right. And what and by the way, you
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  Speaker 2: know what what what Chucky Schumer wanted was to you know,
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  Speaker 2: allow the legal immigrants to get healthcare benefits, to add
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  Speaker 2: one hundred and fifty billion dollars a year in cost
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  Speaker 2: to the federal government when we're already running two trillion
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  Speaker 2: dollar deficits. I mean, it was outrageous demands and he
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  Speaker 2: was basically holding the government hostage until in Trump, to
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  Speaker 2: his credit, did not blink. Here he said, you know,
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  Speaker 2: screw you, We're not We're not going to cave into
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  Speaker 2: your blackmail. Uh. And I think Americans should be very
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  Speaker 2: angry about what happened. And that's fifty six to sixty
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  Speaker 2: billion dollars billion with a B that was lost to
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  Speaker 2: taxpayers because of the cost of the shutdown.
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  Speaker 1: Now, Steve Moore, am, I right, Obamacare is a total failure.
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  Speaker 1: If it wasn't, why did you need If it's affordable,
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  Speaker 1: why would you need subsidies?
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  Speaker 2: You know it is. It would be hard to come
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  Speaker 2: up with something stupider than what we have today. And more,
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  Speaker 2: it's so expensive we pay through the WAHOO with the
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  Speaker 2: with all of these costs, and since we passed Obamacare,
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  Speaker 2: which was supposed to be the Affordable Care Act, the
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  Speaker 2: cost of health insurance is doubled and tripled for most Americans.
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  Speaker 2: You know, it's costing the average family now thirty thousand
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  Speaker 2: dollars a year for healthcare. That's a lot of money,
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  Speaker 2: and so we've got to figure out a better way
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  Speaker 2: to do this. Trump has some very good ideas. I mean,
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  Speaker 2: you know, let's just move to more of a catastrophic
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  Speaker 2: insurance model, where you would, you know, for the first say,
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  Speaker 2: five thousand dollars of costs, you know, you just pay
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  Speaker 2: out of pocket, but you're not going to pay thirty
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  Speaker 2: thousand dollars a year for insurance, and everybody would come
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  Speaker 2: out ahead. I mean, when you go to the doctor
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  Speaker 2: or the hospital mark, you know, do you ask what
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  Speaker 2: it's going to cost?
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  Speaker 1: No, nobody does, and then you're in there for five
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  Speaker 1: minutes and the bills forty thousand dollars.
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  Speaker 2: Yeah. I mean, can you imagine if we all went
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  Speaker 2: to the grocery store and didn't pay for it, I'd
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  Speaker 2: have lobster and steak and champagne every night.
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  Speaker 1: Yeah. But the real reason for this is Obamacare and
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  Speaker 1: the reason Democrats fight to keep it. The money goes
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  Speaker 1: directly to the insurance companies from the government. Yes, so
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  Speaker 1: what do we do about that? How are you going
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  Speaker 1: to break that model?
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  Speaker 2: Yeah? The insurance companies have become the real villains here.
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  Speaker 2: So when they know they wanted these expansions, of Obamacare subsidies,
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  Speaker 2: which is going to cost hundreds of billions of dollars.
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  Speaker 2: Guess where seventy percent of the money goes?
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  Speaker 1: Insurance companies.
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  Speaker 2: Yeah, insurance companies they just put in the bank, so
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  Speaker 2: they're making so much money hand over fists. And they
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  Speaker 2: were the chief lobbyert. They were the group that, more
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  Speaker 2: than any other group on Capitol Hill was lobbying for
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  Speaker 2: these extensions because they have made a fortune off of Obamacare,
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  Speaker 2: whereas there's no evidence that Obamacare has had any positive
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  Speaker 2: impact on people's health.
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  Speaker 1: Yeah. Hey, Steve More, let me ask you another question.
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  Speaker 1: If you are watching TV, listening to radio, reading stuff,
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  Speaker 1: going to the news sets, and all you hear about
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  Speaker 1: is the affordability crisis. This is all you hear a
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  Speaker 1: thousand times an hour, You're going to start to think
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  Speaker 1: there is an affordability crisis. It propaganda works that way.
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  Speaker 2: Well, there isn't affordability crisis. There's no question about it.
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  Speaker 2: I mean, prices are up, you know, thirty percent since
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  Speaker 2: Joe Biden was present. Thirty percent. It's unbelievable. Now, guess
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  Speaker 2: what twenty five percent of that thirty percent was under Biden.
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  Speaker 2: I mean, you know, so I'm angry about the cost
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  Speaker 2: of groceries. I'm angry about the cost of you know,
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  Speaker 2: buying things. Today, it's health insurance costs, housing cost, grocery
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  Speaker 2: costs up up, up, up up. But folks, remember the
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  Speaker 2: vast majority of this insurance, of this inflation and higher
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  Speaker 2: costs and higher interest rates was under Biden because he's
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  Speaker 2: spent about five billion dollars we didn't have with this
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  Speaker 2: massive spending spree. So we are seeing costs come down.
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  Speaker 2: I mean, you know, the rate of inflation come down.
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  Speaker 2: It was remember when it hit nine point one percent
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  Speaker 2: under Inflace under Biden. That was in I think twenty
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  Speaker 2: twenty one, twenty two. You know, now it's down to
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  Speaker 2: about two point eight percent, which is still too high.
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  Speaker 2: You know, we'd like to bring it down some more.
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  Speaker 2: But Trump is doing that. The inflation rate is coming down.
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  Speaker 2: But remember, you know, he's only been in office for
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  Speaker 2: nine months and Biden, we just blew a hole in
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  Speaker 2: the budget in the inflation rate, and it's going to
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  Speaker 2: take some time. But by the way, I was traveling
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  Speaker 2: last week, as I mentioned, and I was in the
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  Speaker 2: Midwest for a couple of days. Two sixty nine a
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  Speaker 2: gallon for gas. Yeah, that's the last time you saw that.
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  Speaker 1: Yeah, we don't see it in New York at California.
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  Speaker 1: But in between, gas prices are ready down, and I mean,
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  Speaker 1: it's just a mess. But inflation is down since Trump
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  Speaker 1: took over, and you always said it is. You always
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  Speaker 1: said it's going to take him a year or so
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  Speaker 1: to really fix the problem. So we're only about halfway there,
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  Speaker 1: right right, And.
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  Speaker 2: But look we have the numbers, and what's happened to
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  Speaker 2: people's real income? In other words, when you take inflation
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  Speaker 2: into account, people things are more affordable today for most people,
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  Speaker 2: not less affordable. So the average family about twelve hundred
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  Speaker 2: dollars more after inflation income. Another point I want to
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  Speaker 2: make about this is that, you know, the big beautiful
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  Speaker 2: tax bill we passed, most Americans have not felt the
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  Speaker 2: effect of that yet because they didn't change their withholding
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  Speaker 2: on their taxes. So what that means, and Trump has
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  Speaker 2: made this point you know several times. Next year, Next year,
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  Speaker 2: people are going to see a big reduction and the
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  Speaker 2: taxes withheld from their paychecks because they didn't do it
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  Speaker 2: this year. So you know, relief is coming, folks.
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  Speaker 1: Yeah. Hey, Steve Moore in Florida. Ron DeSantis. He's talking
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  Speaker 1: about getting rid of property tax, and he's saying that
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  Speaker 1: everybody should, everywhere, every state, get rid of property tax.
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  Speaker 1: And he makes the point, it's your land, you own it.
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  Speaker 1: How's the government taxing you on this? But then what
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  Speaker 1: do you do to make up for that needed money?
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  Speaker 1: You have growth?
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  Speaker 2: You know, I mean Florida has imported one trillion dollars
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  Speaker 2: of capital from and disposable income from other states. And
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  Speaker 2: guess where most of that money is coming from? New York,
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  Speaker 2: New York, New York and California. And so they have
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  Speaker 2: so much money coming in that they're able to cut
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  Speaker 2: their you know, Florida has no income tax, and now
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  Speaker 2: they're cutting their property tax. They've cut this tax, that tax.
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  Speaker 2: The only tax that's kind of high in there are
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  Speaker 2: sales tax, but everything else is pretty low. It's a
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  Speaker 2: very affordable state. That's the other thing about the affordability issue,
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  Speaker 2: Mark that you were asking me about. Yeah, if you
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  Speaker 2: live in New York, everything's expensive. If you move to
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  Speaker 2: a red state, things cost a lot less. Why because
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  Speaker 2: they have high taxes in the blue states, they have
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  Speaker 2: high regulations, they have you know, energy costs are much
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  Speaker 2: higher in the blue states. So if you want more
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  Speaker 2: affordability and you want your paycheck to go further, move
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  Speaker 2: to a red state.
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  Speaker 1: I'm not leaving. I'm staying right here.
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  Speaker 2: How do you I know you're not? You know, we
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  Speaker 2: need you there in New York and that in Northeast.
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  Speaker 2: But a lot of people are and the problem is
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  Speaker 2: that that tide will increase dramatically. I had a piece
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  Speaker 2: of New York post on this the other day that
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  Speaker 2: you know, if Mondami does what he said he's going
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  Speaker 2: to do and continues to raise the tax rate, you know,
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  Speaker 2: I think sixteen percent they want, Well, you can go
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  Speaker 2: to Florida or Texas pay zero. You know, people don't
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  Speaker 2: get rich by being stupid, right, and they're not stupid
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  Speaker 2: if they see, Hey, I could pay sixteen percent in
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  Speaker 2: New York or zero in Florida. What do you think
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  Speaker 2: you'd do, Especially if you're a billionaire. I could save
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  Speaker 2: one hundred million dollars a year by moving to you know, Florida. Unfortunately,
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  Speaker 2: a lot of the billionaires are going to leave, and
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  Speaker 2: then who's Mondomi going to get the tax money from?
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  Speaker 1: Well, at least he's going to solve the traffic problem.
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  Speaker 1: The good luck, will be dress.
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  Speaker 2: Well.
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  Speaker 1: Steve Moore, great stuff. Everybody. Get his book, The Trump
• 9:45
  Speaker 1: Economic Miracle. You really love this book and sign up.
• 9:48
  Speaker 1: You put out this that's the best daily briefing, every day,
• 9:52
  Speaker 1: best issues and analysis. Go to Unleash Prosperity dot com
• 9:56
  Speaker 1: and sign up for it. Steve Moore, thanks for being
• 9:59
  Speaker 1: with us.
• 10:00
  Speaker 2: Okay, Mark, have a great weekend.
• 10:02
  Speaker 1: Take care, Hey, don't forget Buck and Clay. Excellent show
• 10:05
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