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Mark interviews economist Steve Moore. · The Mark Simone Show

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  Speaker 1: The Mark Simone Show on seven tenor.
• 0:06
  Speaker 2: Well.
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  Speaker 1: Steve Moore, the brilliant economist and best selling author too.
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  Speaker 1: If you haven't read his book yet, you should get
• 0:11
  Speaker 1: It's really good. The Trump Economic Miracle will explain everything
• 0:15
  Speaker 1: to you. Trump Economic Miracle. He also runs the Committee
• 0:18
  Speaker 1: to Unleash Prosperity dot com. They put out the best
• 0:23
  Speaker 1: daily briefing news analysis. You will love it. It's free,
• 0:27
  Speaker 1: it'll come right to your email. You can sign up
• 0:29
  Speaker 1: at Unleash Prosperity dot com. Unleash Prosperity dot com. Steve Moore,
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  Speaker 1: how you doing.
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  Speaker 2: Hey, Mark, I'm doing pretty well. I'm in New York
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  Speaker 2: City and I guess the parade is going on right
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  Speaker 2: now as we speak. But yeah, you know my line
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  Speaker 2: on this, of course, Mark, is that, well, congratulations, New
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  Speaker 2: York can finally beat Texas and something. But look, I
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  Speaker 2: am feeling good about a lot better about the economy.
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  Speaker 2: We're seeing oil prices down to saw about seventy four
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  Speaker 2: to seventy five dollars a barrel, down from ninety five
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  Speaker 2: dollars a barrow, so people are going to start to
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  Speaker 2: feel the effects of that in their gas tank sometime
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  Speaker 2: in the next few weeks. I think we could see,
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  Speaker 2: depending on where you live, I think we could see
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  Speaker 2: nationally the gas price fall from about four dollars to
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  Speaker 2: do about three fifty a gallon, which will be really
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  Speaker 2: fantastic for the US economy. And you know, we've got
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  Speaker 2: an investment boom on this going on. As Larry Cudler
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  Speaker 2: would say, we're you know, it's not just space X,
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  Speaker 2: but so many of these companies are used taking advantage
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  Speaker 2: of the Trump tax cut, which really lowered the tax
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  Speaker 2: on investment. And we are just seeing a lot of construction,
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  Speaker 2: a lot of manufacturing, So the economy is ready to explode.
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  Speaker 2: I think.
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  Speaker 1: Yeah, I'm getting reports from around the country, not New York,
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  Speaker 1: but around the country. Gas now at three seventy at
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  Speaker 1: their local stations New York, California. They'll keep the price
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  Speaker 1: artificially high with their stupid state stuff.
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  Speaker 2: But have you noticed, by the way, a pattern there
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  Speaker 2: where the Blue states have much more expensive gas than
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  Speaker 2: the play stakes.
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  Speaker 1: Now, people forget Joe Biden, with that huge spike in
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  Speaker 1: gas prices was deliberate. He shut down drilling to deliberately
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  Speaker 1: raise the price. Everybody forget.
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  Speaker 2: That's a good point. Yeah, yeah, In fact, we showed
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  Speaker 2: in our hotline the other the average price of gasoline,
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  Speaker 2: you know, over you know, if you look at like
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  Speaker 2: Trump's first term, go back to under Obama and then
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  Speaker 2: Trump's first term, and then Biden and Trump's second term,
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  Speaker 2: the lowest gas prices on average. First, the lowest were
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  Speaker 2: during Trump's first term, the second lowest were during Trump's
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  Speaker 2: second term, even with the increased spike that we've seen
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  Speaker 2: in the last three months, and then Biden and then
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  Speaker 2: Obama had the highest gas prices.
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  Speaker 1: Obama not Biden.
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  Speaker 2: Yeah, but he didn't like He didn't like fossil fuels
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  Speaker 2: too much either. But here's the thing. When the gas
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  Speaker 2: price starts to come down, which it will, that's like
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  Speaker 2: attack cut for the American economy. And then when you
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  Speaker 2: put on top of that the fact that we've got
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  Speaker 2: this AI boom, that's I know some people are afraid
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  Speaker 2: of AI, but the productivity improvements already CEOs and heads
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  Speaker 2: of manufacturing firms and so on are saying, the increase
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  Speaker 2: in productivity is amazing. It's cutting our costs. And guess
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  Speaker 2: what when companies cut their costs, they were able to
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  Speaker 2: cut their prices. So I think, you know, I agree
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  Speaker 2: with Larry Kudlow. I was on his show last night
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  Speaker 2: and he was saying, you know, we could see zero
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  Speaker 2: inflation in the next few months.
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  Speaker 1: Wow. And we got a good fed chairman now, so
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  Speaker 1: we don't have to worry, why do we? Yeah? Hey,
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  Speaker 1: besides this Knicks parade, the other big celebrity event, the
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  Speaker 1: three X Presidents is your hometown of Chicago. The Obama
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  Speaker 1: Library opens today. It looks idious, but all these ex presidents,
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  Speaker 1: Bruce Springsteen, all these other celebrities are there. Have you
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  Speaker 1: seen what it looks like that Obama Library.
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  Speaker 2: Yeah, it's kind of ugly, you know, and I, you know,
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  Speaker 2: I haven't physically seen that. I've seen some pictures of it.
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  Speaker 2: And then of course they you know, gee, who would
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  Speaker 2: have thought Justicago would have cost over runs? But currently
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  Speaker 2: a lot of the huge cost over runs. Yeah, it costs,
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  Speaker 2: by the way, a billion dollars. I've heard or more
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  Speaker 2: that built that a billion dollars. It's a lot of money,
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  Speaker 2: and a lot of the contractors have been stiffed. They
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  Speaker 2: haven't been paid.
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  Speaker 1: Yeah, if you look at the building, that's a maybe
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  Speaker 1: one hundred million dollar job at the most. Speaking speaking
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  Speaker 1: out Illinois, they're crazy. Governor Pritzker. What is it with
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  Speaker 1: him in these taxes on every industry he needs to
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  Speaker 1: be nice to. Yeah.
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  Speaker 2: One of the things that's really surprised me, Mark is that,
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  Speaker 2: you know, if you go to Silicon Valley or you
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  Speaker 2: go to some of these tech centers in America, like
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  Speaker 2: in Massachusetts, they're all Democrats, you know, in the CEOs,
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  Speaker 2: you know, and that's changing a little bit with Trump
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  Speaker 2: because they're meet meet with Trump now all the time,
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  Speaker 2: but most of them are pretty liberal Democrats. And the
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  Speaker 2: workers there are almost all Democrats. And yet who's taxing them?
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  Speaker 2: Oh gee? Yeah. Pritsker has the first baby bridge growth
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  Speaker 2: courses the governor of Illinois. He has this big new
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  Speaker 2: tax on social media use on you know, if you're
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  Speaker 2: gonna use the Internet, they're gonna tax you, and on
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  Speaker 2: cryptocurrencies and data centers and so on. I'm like, well,
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  Speaker 2: why why did these CEOs of these big you know,
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  Speaker 2: trillion dollar you know, multimillion dollar, billion dollar tech companies
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  Speaker 2: give all their money Democrats and then they turn around
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  Speaker 2: and stab them.
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  Speaker 1: In the back. Well, you know, the blue collar workers
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  Speaker 1: all Democrats, after they saw what was going on, switched
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  Speaker 1: over the Republicans. Much of the Hispanic community. So now
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  Speaker 1: the tech industry will switch over to Republicans.
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  Speaker 2: I think that you're going to see that. And you know,
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  Speaker 2: by the way, I just have to say because this
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  Speaker 2: happened last Friday, so we haven't talked since then. But
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  Speaker 2: you know what happened with the space x ipo two
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  Speaker 2: trillion dollar company. Here's a guy who came to the
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  Speaker 2: United States as an immigrant. He wasn't poor, but he
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  Speaker 2: wasn't rich. You know, they were kind of middle class family.
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  Speaker 2: I think he started as like a welder, and now he's,
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  Speaker 2: you know, the richest guy in the world. Well, he's
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  Speaker 2: developed these incredible technologies and businesses that made did you
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  Speaker 2: see five thousand people almost who were made millionaires because
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  Speaker 2: of Eloud Musk and some of them where people were
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  Speaker 2: like just frontline workers at space x, blue collar workers, millionaires.
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  Speaker 1: Yeah, this hatred for him. Some of these these democrats
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  Speaker 1: think that the money he makes, he's taking it from
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  Speaker 1: somebody else. I don't think they realize he's just earning it.
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  Speaker 1: It's not coming out of anywhere.
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  Speaker 2: Yeah, this is a very good point. You see, we
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  Speaker 2: view you know as free market supplies that we view
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  Speaker 2: as id have increased the production, increase, create something out
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  Speaker 2: of nothing.
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  Speaker 1: That's the other thing.
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  Speaker 2: You know. He comes into the country with nothing and
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  Speaker 2: he creates a two trillion dollar business. It's mind numbing
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  Speaker 2: and out of nothing, I mean, And that is what
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  Speaker 2: free market capitalism is all about.
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  Speaker 1: Now, when those Warren and those types, she was yelling
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  Speaker 1: that all this money, why just three hundred billion of
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  Speaker 1: them would take care of all the homeless. Did they
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  Speaker 1: not understand that they've spent three hundred billion on homelessness
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  Speaker 1: a thousand times and it hasn't done anything to help
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  Speaker 1: they misspend all the money.
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  Speaker 2: Yeah, I mean, the best way to help the homeless
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  Speaker 2: get them a job.
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  Speaker 1: But does government spending is just you know, Doze was
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  Speaker 1: a good idea. Will we ever get that under control?
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  Speaker 1: I mean, we overpaid by like ten thousand percent for
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  Speaker 1: every government project and the work stinks.
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  Speaker 2: Well, I've been, you know, trying to do that for
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  Speaker 2: forty years in my career, get cut government spending, and
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  Speaker 2: I've kind of struck out. So do you have any
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  Speaker 2: good new strategies?
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  Speaker 1: Yeah, let the private sector do it.
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  Speaker 2: Yeah, right, I mean I think you on Musk. You know,
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  Speaker 2: I don't know him personally. I've never actually met him personally,
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  Speaker 2: but I'm sure he was frustrated because when you're a CEO,
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  Speaker 2: you come in and say, you know, do this, do that,
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  Speaker 2: you can get this done. Blah blah blah. You can't
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  Speaker 2: do that.
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  Speaker 1: Government.
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  Speaker 2: It's just like they're stucked. They can't get out of
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  Speaker 2: this mode. Even when they know they're wasting money, they
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  Speaker 2: keep Countress keeps authorizing money for the programs, and then
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  Speaker 2: nobody ever's punished for stealing the money from the taxpayers.
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  Speaker 2: And so you have fraud rates of these government programs,
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  Speaker 2: sometimes twenty five percent fraud rates. I mean, can you
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  Speaker 2: imagine running a business that you have twenty five percent
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  Speaker 2: fraud rate? You'd be out of business in two weeks.
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  Speaker 1: Yeah, well, Steve Moore, great stuff, and you got to
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  Speaker 1: do a new book. The Trump Economic Miracle is a
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  Speaker 1: great book. Everybody should go buy it. But you are
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  Speaker 1: working on an update of it.
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  Speaker 2: Well it's a miracle. I'm just sitting back watching it happen.
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  Speaker 2: And look, if this piece deal works out, boy, it's
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  Speaker 2: gonna be good for everybody. And you know, I was
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  Speaker 2: on CNN last night, you know why Trump is so bad.
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  Speaker 2: I'm like, like, you're the people for the last fifty
• 8:43
  Speaker 2: years have been talking about no nukes, no nukes, and
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  Speaker 2: now Trump is doing that.
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  Speaker 1: And you're a custom well you are a brave guy
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  Speaker 1: going he's been going on CNN for you.
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  Speaker 2: I know.
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  Speaker 1: Well, great stuff, Steve Moore, thanks for being with us.
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  Speaker 1: We'll talk again soon. Okay. Thanks, take care. Everybody. Get
• 8:59
  Speaker 1: his book True Economic Miracle and sign up for that
• 9:02
  Speaker 1: daily briefing. It is the best news and analysis. You
• 9:05
  Speaker 1: just go to Unleash prosperity dot com and just sign.
• 9:09
  Speaker 1: It's called the Hotline. Just sign. It's free. It'll come
• 9:11
  Speaker 1: right to your email Unleash Prosperity dot com. So the
• 9:16
  Speaker 1: Knick's parade is underway on a float. Is Mom Donnie
• 9:20
  Speaker 1: waving to people. They got these floats with the players
• 9:23
  Speaker 1: on it and somewhere on the top of those big
• 9:25
  Speaker 1: double decker buses. But a lot of the superstars from
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  Speaker 1: the past and a lot of the other big names
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  Speaker 1: they're riding in cars. And the problem is if you're
• 9:35
  Speaker 1: in that crowd, like you know, ten people back are
• 9:37
  Speaker 1: thirty people back, you can't see everybody's head. You know,
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  Speaker 1: cars kind of low, so they're not raised up high
• 9:43
  Speaker 1: like on a float. But we'll keep an eye on
• 9:46
  Speaker 1: the parade for you. Now, the big thing you're going
• 9:47
  Speaker 1: to want to hear is the ceremony. Once they all
• 9:50
  Speaker 1: get to City Hall, that's where they're going to do
• 9:52
  Speaker 1: the big ceremony. The players and everybody will speak and
• 9:55
  Speaker 1: they'll get the award. Alicia Keys will sing live. She's
• 9:58
  Speaker 1: going to sing Empire state of Mind. That's what you
• 10:01
  Speaker 1: want to hear. We'll bring it to you live. Should
• 10:03
  Speaker 1: start around eleven thirty, but just be listening here. We'll
• 10:06
  Speaker 1: cover it live for you on and coming up to
• 10:09
  Speaker 1: the next hour. Jimmy Faylor will be with us. We'll
• 10:11
  Speaker 1: talk to him about the Nicks. It's all just ahead
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  Speaker 1: on seven to ten woor