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Using Personal Wealth to Campaign | Boomerang Kids · The Bill Handel Show

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  Speaker 1: You're listening to Bill Handle on demand from KFI AM
• 0:05
  Speaker 1: six forty.
• 0:06
  Speaker 2: Bill Handle here. Good morning on a Thursday, June fourth.
• 0:12
  Speaker 2: A lot going on today. Todd Blanche is named as
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  Speaker 2: the acting the acting head of the Department of Justice,
• 0:26
  Speaker 2: and we'll see what happens. And then yesterday we talked
• 0:29
  Speaker 2: about Poulty being named as head of the Intelligence Director
• 0:34
  Speaker 2: of National Intelligence, who has absolutely zero experience in security
• 0:40
  Speaker 2: and intelligence. I mean zero. I mean I have more.
• 0:44
  Speaker 2: You have more. But it's real simple. You're an ally.
• 0:48
  Speaker 2: You get in no matter what.
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  Speaker 3: Okay. Now, Robert F.
• 0:51
  Speaker 2: Kennedy was named US Health Secretary, as you know, why
• 0:55
  Speaker 2: because he was an early adopter and he was an
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  Speaker 2: early friend of the president while he was running. And
• 1:02
  Speaker 2: what he is doing now and additional is craziness with vaccines.
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  Speaker 3: As we know, he is.
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  Speaker 2: Now pursuing the federal government gaining access to most of Americans'
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  Speaker 2: medical records. Why because he wants to research the link
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  Speaker 2: between vaccines and autism. And as you can imagine, the
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  Speaker 2: mainstream medical establishment is saying he's crazy because there is
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  Speaker 2: no connection. Study after study after study, there is no
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  Speaker 2: study that exists that there is a connection. There was
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  Speaker 2: one that the anti vaxxers relied on by a guy
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  Speaker 2: who retracted it, who lost his license to practice medicine.
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  Speaker 2: And there's the proof that autism causes that vaccines cause
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  Speaker 2: vaxes of autism. And so what they want to do
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  Speaker 2: the Department Health and Humans Serve US is grabbing data
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  Speaker 2: from actually a very little known state system that allows
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  Speaker 2: hospitals and clinics to exchange information, detailed information. But that's
• 2:09
  Speaker 2: in real time when there's a medical issue they want
• 2:13
  Speaker 2: to know about it. If someone has, for example, a
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  Speaker 2: blood disorder and goes to another hospital, goes to another facility,
• 2:20
  Speaker 2: they exchange information. Now, what the Health Secretary wants to
• 2:26
  Speaker 2: do is get information on a federal level for Americans
• 2:32
  Speaker 2: who have gone to the doctor, private information in the
• 2:38
  Speaker 2: quest to connect vaccines to autism, which of course there
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  Speaker 2: is no connection. But keep in mind RFK Junior has
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  Speaker 2: never lost his pension for vaccines being the cause of autism.
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  Speaker 2: When he was in front of the Senate for confirmation,
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  Speaker 2: he lied straight out.
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  Speaker 3: He lied.
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  Speaker 2: He was asked, do you believe in what medical science says?
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  Speaker 3: Yes, I do.
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  Speaker 2: And Bill Cassidy, Senator from Louisiana, who is gone now
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  Speaker 2: because he was primaried out a doctor who was involved
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  Speaker 2: in vaccine programs in Louisiana. He headed vaccine programs, was
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  Speaker 2: the deciding vote to confirm RFK Junior. That is a
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  Speaker 2: tough one and so there are a lot of people
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  Speaker 2: that are really upset about this. And what Kennedy has
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  Speaker 2: done is reject the current federal government's vaccine monitoring system,
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  Speaker 2: which does not include grabbing information from everybody in the country,
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  Speaker 2: private information, private medical information. And there are deck ignoring
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  Speaker 2: decades of researchs, research showing immunizations are safe and effective
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  Speaker 2: for most people. And let's repeat, there is no connection
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  Speaker 2: between vaccine and autism, now can there be? Well, yeah,
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  Speaker 2: you get ten thousand people who have been vaccinated and
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  Speaker 2: let's say fifty of them or two of them now
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  Speaker 2: become autistic. Well, here's the argument. Let's get those same
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  Speaker 2: kids who are autistics autistic, and every single one of
• 4:35
  Speaker 2: them have passed the McDonald's on their way to school,
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  Speaker 2: every single one past the McDonald's. Therefore, there's the argument
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  Speaker 2: going past the McDonald's causes autism.
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  Speaker 3: That's what this is about.
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  Speaker 2: And it is just, you know, there are certain things
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  Speaker 2: that this administration are is insane but it's not going
• 5:00
  Speaker 2: to hurt us. You know, the Donald J. Trump Kennedy
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  Speaker 2: Center for Performing Arts. Okay, I mean that's just ridiculous.
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  Speaker 2: But all right, Trump RX Okay, put his name on it,
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  Speaker 2: his signature on the dollar bill.
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  Speaker 3: All right.
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  Speaker 2: That's just kind of stupid to remove the treasure building
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  Speaker 2: that arc to Trump.
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  Speaker 3: You know, it's it's stupid.
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  Speaker 2: It's going to destroy the skyline of downtown or at
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  Speaker 2: least the monument themall. Okay, that's not going to affect you.
• 5:31
  Speaker 2: I mean it is. You go to Washington, you look
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  Speaker 2: at this thing. Go come on, guys, really all of
• 5:36
  Speaker 2: that having UFC fighting on the White House lawn. Okay,
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  Speaker 2: you know, fine, you know that's ridiculous. But this stuff is,
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  Speaker 2: this is dangerous. This is they're going to grab, they
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  Speaker 2: want to grab all of your personal medical information. That's
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  Speaker 2: a tougher one.
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  Speaker 3: Okay.
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  Speaker 2: Now, one of the big stories about Tom Stier, who
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  Speaker 2: is not going to win and is not going to
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  Speaker 2: make it to the general for a governor coming up
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  Speaker 2: in November, and here is what is interesting from him.
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  Speaker 2: He put up two hundred and thirteen million dollars to
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  Speaker 2: fund his campaign. So here is the question when a
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  Speaker 2: candidate as rich as Stier, and that we had a
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  Speaker 2: few invests a personal fortune, invest from their personal fortune
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  Speaker 2: and running for public office.
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  Speaker 3: Two questions. Does it represent a rich person just.
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  Speaker 2: Trying to buy a seat or does it grant them
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  Speaker 2: independence from powerful special interests? Because that's their argument, because
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  Speaker 2: they don't have to count out anybody, because when anybody
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  Speaker 2: is running for public office, most of the time is
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  Speaker 2: begging for money.
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  Speaker 3: You're calling donors, please, I need some money for.
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  Speaker 2: Congress people every two years they're out hustling for money
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  Speaker 2: and so or can both happen? I want to buy
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  Speaker 2: a seat and I'm going to be independent, so is
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  Speaker 2: He's not alone all together? In the state, more than
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  Speaker 2: two hundred candidates have contributed about a quarter of a
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  Speaker 2: billion dollars of their own money. That's an eightfold increase
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  Speaker 2: since the last time governor ran in twenty twenty two.
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  Speaker 2: Are you ready for that? That's how how much money
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  Speaker 2: is being sent spent. So the last time a candidate
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  Speaker 2: actually spent anything close to Styre was twenty ten, when
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  Speaker 2: Meg Whitman gave over one hundred and forty million dollars
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  Speaker 2: of her money to her campaign for governor, which she
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  Speaker 2: did not make And if you go across statewide races
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  Speaker 2: two thousand and six six Steve Poisoner gave fourteen million
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  Speaker 2: dollars running for insurance Commissioner. Aline Kunlkakis shelled out eight
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  Speaker 2: million dollars when she ran for Lieutenant governor. Yvonne Yee
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  Speaker 2: dropped six million dollars on her campaign for controller four
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  Speaker 2: years ago. And so so far senators we're talking about
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  Speaker 2: state senators have given four million dollars to their campaigns.
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  Speaker 2: That's the highest ever recorded for the state office or
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  Speaker 2: the chamber. That's double, more than double of what candidates
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  Speaker 2: put up twenty years ago. And congressional candidates in California
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  Speaker 2: have put up more than twenty nine million dollars of
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  Speaker 2: their own money to their campaigns.
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  Speaker 3: So how many people have actually made it big races?
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  Speaker 2: Well, Michael Bloomberg of New York, who is a billionaire.
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  Speaker 2: You've heard of the Bloomberg the Bloomberg Channel. I think
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  Speaker 2: you have Bloomberg financial interest all over the place. He
• 9:01
  Speaker 2: put up a pile of money and he won. But
• 9:05
  Speaker 2: he was a man of the people. He rode his
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  Speaker 2: bicycle from his home to his office. He didn't live
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  Speaker 2: in Gracy mansion, I think he lived at home, much
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  Speaker 2: better house than Gracy Mansion could ever be. He rode
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  Speaker 2: his bicycle, well, actually he rode his bicycle to the
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  Speaker 2: nearest subway station and then he took the subway with
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  Speaker 2: his bicycle and got off a block outside of his
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  Speaker 2: office and then rode that So a true man of
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  Speaker 2: the people. Although the photo of him in his bike
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  Speaker 2: helmet was kind of fun. So whenever I I'm going
• 9:46
  Speaker 2: to get personal here for a moment, when I see
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  Speaker 2: a candidate that is running for office and puts in
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  Speaker 2: one hundred two hundred million dollars into their own campaign,
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  Speaker 2: Meg Whitman put in money and she lost, I tend
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  Speaker 2: to think more in terms of their buying the office.
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  Speaker 3: That's my thought.
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  Speaker 1: But don't isn't it. They're all buying the office. No
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  Speaker 1: difference is they're doing it with their own money.
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  Speaker 2: Yes, that's the difference. And that's the big difference. Now,
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  Speaker 2: you can argue buying the office. I mean if you're
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  Speaker 2: not spending money. I mean, you know, if you're not
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  Speaker 2: spending money on advertising, of course, but here's the argument
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  Speaker 2: of spending other people's money. You are begging for it.
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  Speaker 2: That's the problem. Now, some donors. It's automatic, you know.
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  Speaker 2: It's that simple. George Soros, who is probably the largest
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  Speaker 2: Democratic campaign contributor. I mean, he just tosses the money
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  Speaker 2: around because he likes the candidate. They don't have to
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  Speaker 2: ask him for money. But for the most part, donors
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  Speaker 2: have to be asked for money.
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  Speaker 3: And no one likes it.
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  Speaker 2: No one likes it because you're cow telling and special interest.
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  Speaker 2: Oh man, The unions will give you money, but they
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  Speaker 2: expect you to, if not vote their way, as certainly
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  Speaker 2: vote some of their way.
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  Speaker 3: Same thing with corporations.
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  Speaker 2: The oil industry has its Assembly people, it has its
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  Speaker 2: senators in Congress people, so it takes money. Jesse Unru,
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  Speaker 2: who cooks story, a little handled history here. Jesse Unru
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  Speaker 2: was the first Speaker of the California Assembly who created
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  Speaker 2: a professional legislature. He brought the state legislature into the
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  Speaker 2: big time where it was really influential for real. And
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  Speaker 2: he was the Speaker of the Assembly for many, many years.
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  Speaker 2: And he came up with probably the best quote ever,
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  Speaker 2: and that is money is the mother's milk of politics.
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  Speaker 2: And that says it all. Okay, moving on cookies, and
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  Speaker 2: Michelle told me about these cookies. That are just unbelievable.
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  Speaker 2: And it's Double Tree and they have this cookie that
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  Speaker 2: has actually become a big part of the hospitality at
• 12:12
  Speaker 2: least Double Trees. And so this all started, by the way,
• 12:17
  Speaker 2: or let me just give you a heads up right now,
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  Speaker 2: a quick story, and this is the Washington Post. A
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  Speaker 2: guy named Lucas Spence was surprised last year. He's going
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  Speaker 2: through a trouble Double Tree owned by Hilton and at
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  Speaker 2: the front desk he's checking in and this is Boston,
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  Speaker 2: and he's asked if your group that he's with you
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  Speaker 2: guys like cookies. Well, yeah, of course we like cookies.
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  Speaker 2: And he said, I didn't know this was a thing,
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  Speaker 2: a Double Tree. Well, by the second day, multiple swings
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  Speaker 2: by the front desk, he amassed a stockpile of these cookies,
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  Speaker 2: super chocolatey, walnut packed warmed. There they have a warmer
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  Speaker 2: right there at the front desk, a cookie warmer. You've
• 13:00
  Speaker 2: seen those. And these cookies are and I've never eaten one.
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  Speaker 2: They're supposed to be spectacular. Michelle, you've eaten them, haven't you.
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  Speaker 1: They are incredible.
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  Speaker 3: And Neil, you remember what they taste like. And Neil,
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  Speaker 3: you've eaten them.
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  Speaker 1: Oh, Yeah, Yeah, they're known for them. They're great.
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  Speaker 3: Yeah, it's the Double Tree chocolate chip cookie.
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  Speaker 2: This was an idea that came up about forty years
• 13:24
  Speaker 2: ago where one of the managers wanted to sort of
• 13:32
  Speaker 2: welcome new guests and make them feel part of the family. Well,
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  Speaker 2: since then, you now have seven hundred plus hotels have
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  Speaker 2: served more than twenty million of these cookies, even to
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  Speaker 2: the point where they were baked as part of an
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  Speaker 2: experiment at the International Space Station in twenty nineteen. One
• 13:53
  Speaker 2: of the cookies is at the National Air and Space Museum. Well,
• 13:56
  Speaker 2: that's the one that went up, and during the early
• 13:59
  Speaker 2: days of the pandemic, Hilton actually released the formula, the
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  Speaker 2: recipe and a couple things ingreetings like cinnamon oats, lemon juice,
• 14:08
  Speaker 2: which you don't usually hear about in cookies. And that's
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  Speaker 2: basically to say that Double Tree, the Double Tree cookie
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  Speaker 2: is a celebrity by itself. How about that, even to
• 14:22
  Speaker 2: the point where if you go to the Double Tree
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  Speaker 2: at McLean right outside McLean Tyson's right outside of Washington,
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  Speaker 2: d C. Outside there's a van. You know how they
• 14:34
  Speaker 2: have those fans that take people of the airport, et cetera.
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  Speaker 2: On the side is a big statement, you know, a
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  Speaker 2: big sign that says this will be a sweet ride.
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  Speaker 2: The Wi Fi password includes the word cookie. The front
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  Speaker 2: desk has the double deck warmer right there full of
• 14:54
  Speaker 2: freshly baked individually wrapped cookies. They have an allergy friendly version.
• 15:00
  Speaker 2: And also and when work is being done in room,
• 15:06
  Speaker 2: there is a sign right there asking guests to pardon
• 15:10
  Speaker 2: our crumbs. It's all about the cookie. They have locations
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  Speaker 2: Double Tree in over five dozen countries, including Uzbekistan that
• 15:22
  Speaker 2: would just came aboard recently and guess what cookies are there?
• 15:26
  Speaker 2: Singapore Azerbaijan cookies and every entry in every new country
• 15:33
  Speaker 2: requires that a supplier can serve the area or make.
• 15:37
  Speaker 3: The recipe of these cookies. They have to bake them.
• 15:42
  Speaker 2: People traveling all over the world guess what they're going
• 15:46
  Speaker 2: to have that cookie?
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  Speaker 3: So they take it seriously.
• 15:52
  Speaker 2: First thing, first thing, a chef said, I save the
• 15:56
  Speaker 2: cookie dough when a walk in freezer failed last year
• 16:02
  Speaker 2: at a at the McLean location, and so they don't
• 16:06
  Speaker 2: cook them there on the premises. What the hotel is
• 16:11
  Speaker 2: get frozen dough, hundreds of a frozen cookie dough, hundreds
• 16:16
  Speaker 2: of dough, hundreds of cookies worth of cookie dough and
• 16:20
  Speaker 2: they cook them and they're delivered and they are warmed,
• 16:25
  Speaker 2: and you can get as many as you want.
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  Speaker 3: They'll give you cookies all day long.
• 16:32
  Speaker 2: By the way, it all started nineteen eighty six, they
• 16:35
  Speaker 2: were placed on a plate and a guest room was
• 16:38
  Speaker 2: a way to sit to end the day with a
• 16:41
  Speaker 2: special treat, and since then it exploded. Okay, so much
• 16:46
  Speaker 2: for that. It's fun story about cookies. And I'm not
• 16:48
  Speaker 2: a big chocolate chip cookie fan. I'm the only person
• 16:50
  Speaker 2: I know that doesn't particularly like chocolate chip cookies.
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  Speaker 3: So strange, I don't.
• 16:55
  Speaker 2: I mean, I'll lead them sort of as No, it's
• 16:58
  Speaker 2: just sort of a last resis. I mean, I'm kind
• 17:01
  Speaker 2: of an oatmeal raisin kind of guy.
• 17:03
  Speaker 3: Have you had my M and M cookies yet?
• 17:06
  Speaker 2: I don't think so. But I'm not crazy about Eminem's.
• 17:10
  Speaker 2: I'm plenty. What's wrong with me? That's our next segment,
• 17:16
  Speaker 2: and we're going to continue.
• 17:17
  Speaker 3: That on for a while, a recurring segment. Yeah, that could.
• 17:21
  Speaker 2: And I like snickerdoodles, I like cinnamon and sugar, but
• 17:25
  Speaker 2: I'm just not big on chocolate chips.
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  Speaker 3: I wonder why.
• 17:29
  Speaker 2: Okay, we're going to end up with the boomerang kids
• 17:33
  Speaker 2: being the new normal. And what are boomerang kids. Well,
• 17:37
  Speaker 2: they're college students and graduates, young adults also struggling to
• 17:41
  Speaker 2: find their financial footing and guess where they're going back home.
• 17:47
  Speaker 2: About half of us parents with adult children ages eighteen
• 17:51
  Speaker 2: to thirty five say that a child has moved back
• 17:54
  Speaker 2: home at some point.
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  Speaker 3: Wow.
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  Speaker 2: Five percent of those are moving back because of money
• 18:03
  Speaker 2: economic necessity. Others are choosing to live with their parents
• 18:07
  Speaker 2: to focus on long term financial goals, for example, saving
• 18:11
  Speaker 2: money for a down payment on a place of their own.
• 18:14
  Speaker 2: Some are actually moving back because they like their parents,
• 18:19
  Speaker 2: which I have no idea how that works. I've never
• 18:23
  Speaker 2: understood that. And even when they're employed, usually their entry
• 18:29
  Speaker 2: level wages can't keep up with the cost of inflation,
• 18:34
  Speaker 2: especially over the last few years. Why because the high
• 18:37
  Speaker 2: cost of housing. Certainly here in Southern California, job loss
• 18:41
  Speaker 2: or reduced income. Now, let's look at rents nationally, A
• 18:46
  Speaker 2: one bedroom is sixteen hundred and forty four dollars. In California,
• 18:51
  Speaker 2: it's over twenty two hundred dollars. Certainly in Southern California
• 18:55
  Speaker 2: it's more than that. New York is the most expensive,
• 18:57
  Speaker 2: over three thousand dollars if you're living in Manhattan, and
• 19:00
  Speaker 2: that's for an apartment the size of a closet. So
• 19:05
  Speaker 2: there are and of course studies have done. There are
• 19:08
  Speaker 2: five situations why kids, well adult kids move back home.
• 19:13
  Speaker 2: One massive student loans, which is another reason, crazy student loans.
• 19:20
  Speaker 2: Or they're overwhelmed with consumer debt. You got that credit card.
• 19:25
  Speaker 2: They've gone nuts. Buying a car, for example, it used
• 19:29
  Speaker 2: to be I remember buying a car, and that was
• 19:31
  Speaker 2: a nice car. You know, reasonable down payment, not a
• 19:34
  Speaker 2: whole lot of money. Three hundred dollars a month in
• 19:38
  Speaker 2: car payments over three years.
• 19:41
  Speaker 3: Yeah, those days are gone.
• 19:44
  Speaker 2: Consumer debt, not earning enough money to survive on their own, Yeah,
• 19:50
  Speaker 2: you just can't. It's too expensive. Or they want to
• 19:54
  Speaker 2: save for a major goal. I mean that works. That's
• 19:58
  Speaker 2: not a bailout, it's a hand up. Maybe they're trying
• 20:02
  Speaker 2: to build an emergency fund or save for a down
• 20:05
  Speaker 2: payment on the house, as if they were going to
• 20:06
  Speaker 2: be able to do that. In this survey, thirty four
• 20:10
  Speaker 2: percent of young adults say their primary reason for living
• 20:13
  Speaker 2: at home was to save for a down payment.
• 20:15
  Speaker 3: That was the big one.
• 20:17
  Speaker 2: And the survey also found that sixteen percent of homeowners
• 20:22
  Speaker 2: did receive a down payment from their parents or help
• 20:25
  Speaker 2: out with a down payment. Number five, they want to
• 20:30
  Speaker 2: come home for help, but your budget is stressed. Here's
• 20:35
  Speaker 2: the parents are just willing to adjust their lifestyle to
• 20:39
  Speaker 2: support adult children. I don't understand that one. Either cutting
• 20:43
  Speaker 2: back on dining out, entertainment, travel, home improvements, new car
• 20:46
  Speaker 2: purch purchases. One in five would reduce their own personal
• 20:52
  Speaker 2: savings or their retirement contributions to help their kids.
• 20:58
  Speaker 3: That one.
• 20:58
  Speaker 2: I don't know how kids can take that kind of money.
• 21:01
  Speaker 2: Maybe they just don't know when parents are helping out.
• 21:04
  Speaker 3: And here is a basic rule of thumb.
• 21:10
  Speaker 2: If your kid is gainfully employed, charging rent is sort
• 21:16
  Speaker 2: of a given, which I never did. But that's a
• 21:19
  Speaker 2: Jewish thing. You don't charge rent for kids. You shouldn't
• 21:23
  Speaker 2: be up for debate. Here's how much I here is
• 21:26
  Speaker 2: how much money. I want your roof, your rules. So
• 21:32
  Speaker 2: helicopter kids. That's the way it goes. And say, you know, Neil,
• 21:39
  Speaker 2: you'd be the first one that would help max out
• 21:41
  Speaker 2: and he would live with you until he's forty eight.
• 21:43
  Speaker 3: I hope if you needed it.
• 21:45
  Speaker 2: So there's the other thing. Yeah, parents want their kids
• 21:47
  Speaker 2: to their kids to live with them.
• 21:50
  Speaker 3: That's right. On the other hand, I see Kno shaking
• 21:53
  Speaker 3: his head.
• 21:53
  Speaker 1: Right, Yeah, my wife said no to boarding school.
• 21:57
  Speaker 2: Yeah, all right, So in Kono's world, the kids out
• 22:01
  Speaker 2: at eight, you know, yeah, exactly.
• 22:05
  Speaker 3: Okay, Well, we are to.
• 22:06
  Speaker 1: Get as tall as he is. It's a threat. He's
• 22:09
  Speaker 1: got to get him out of the house.
• 22:11
  Speaker 2: Yeah, and they're as tall as he is by the
• 22:12
  Speaker 2: age of well, just as a finished kindergarten. Okay, guys,
• 22:16
  Speaker 2: we are done. Neil is out of here for the
• 22:19
  Speaker 2: next two weeks and is out of here for the
• 22:24
  Speaker 2: next I think week and a half.
• 22:25
  Speaker 3: She's coming back. Neil's coming back at some point.
• 22:28
  Speaker 2: So Amy, it's when are you leaving Tuesday?
• 22:33
  Speaker 3: Am I going to do the show by myself?
• 22:36
  Speaker 1: Handle all the time?
• 22:38
  Speaker 3: I've got will, I've got Kno with me. Am I
• 22:42
  Speaker 3: going to do the show by myself?
• 22:46
  Speaker 1: Well? Keep you know, think of it this way. You
• 22:48
  Speaker 1: get paid more than all of us together. You might
• 22:50
  Speaker 1: as well do the show by yourself.
• 22:53
  Speaker 2: No, the whole read my contract. I don't do the
• 22:55
  Speaker 2: show by myself, not even close. All right, we're done, guys.
• 23:01
  Speaker 2: So tomorrow we start our sort of modified show.
• 23:06
  Speaker 3: Who's filling in for you? Amy? Is it Heather?
• 23:10
  Speaker 2: Yes?
• 23:10
  Speaker 3: Ms Brooker will be here starting Tuesday. Good. I like Heather.
• 23:15
  Speaker 3: I'm you know, I like you too. I mean you're no.
• 23:17
  Speaker 2: Heather, but you know you're certainly a big part of
• 23:21
  Speaker 2: the show. Okay, we're done, guys, catch you.
• 23:23
  Speaker 3: In the morning.
• 23:23
  Speaker 2: We do, and Will is going to be here right, Okay,
• 23:27
  Speaker 2: Will is here because he is not entitled any vacation
• 23:30
  Speaker 2: and we'll never get it.
• 23:31
  Speaker 3: As is Kno. This is KFI a M sixty. You've
• 23:37
  Speaker 3: been listening to the Bill Handle Show.
• 23:39
  Speaker 2: Catch My Show Monday through Friday, six am to nine am,
• 23:42
  Speaker 2: and anytime on demand on the iHeartRadio app.