35 Burst results for "Stephen Moore"
Stephen Moore and Chris Stigall on the 'R' Word: Recession
"I am pleased to be joined by our friend Steve Moore. He is a freedom works economic official. He is a former Trump White House economics official. I lean on him in Philadelphia every single week as our own economic official. Steve-O, I wish every time we talk, it seems to be degrees worse. I would love to have better news for folks today. The Dow closes 8 75 down. I've got this story. I don't even know what it means. You're smarter than me, a U.S. two year treasury yields rose above ten year borrowing costs. The so called curve inversion that Harold's economic recession, I'm hearing a lot about the R word now, Steve-O. What do you say about it? Well, I mean, unfortunately, I think we're really headed that way. And I wish I had good news for you, Chris. But I really, I really don't. I mean, you know, you've seen a 900 point reduction in the Dow Jones today. We're now at about 11 trillion 11 $1 trillion of wealth losses over the last three months under Biden. It's all a result of his war on American energy, his massive government spending plans in his war on American business, frankly. It's a progressive socialist agenda that is killing our economy. If anything good has come out of this and it's hard to see anything good come out of this. It's hopefully Americans are awakened. I won't use the word woke or awakened to the negative effects of when you let the government and the politicians make the decisions for the economy.
Chris Stigall Gives His Take on the Televised January 6th Hearings
"I assume that you were like the rest of the country and you're not watching the January 6th show hearings. No one is, according to Sarah Arnold at town hall, our colleague, ratings for the media's prime time January 6th commission hearing took a nosedive. No one really cares about watching it. And according to cable news watch 4.5 million people watched the hearing last week, I don't know if Seb had these numbers or not. I suspect he probably did. NBC and CBS got roughly 3 million viewers between the two of them. So according to cable news watch, you're talking about 7 and a half million people watched it in prime time. Now, when you consider that Fox on average, generally gets at least a third of that or more on any given night, that's really poor. And these were supposed to be very specialized, very heavily produced for your entertainment value. Hearings that just didn't pan out. And so I thought, I mean, I have to be honest with you, I didn't pay much attention to them last week, and I really thought it was a one shot, and that was it. No, they went on again into the new week. They started again today. And just by virtue of doing the morning show in Philadelphia, I have the cable news channels on. I monitor CNN and MSNBC and Fox. And Fox decided to jump in and carry these today. Now they didn't carry them last week in prime time. They put it on Fox business, but today Fox News went wall to wall with it just like CNN and MSNBC. You can make of that what you will. In fact, I would love to hear your thoughts as to why you think that might be that Fox decided to change course and carry these live while two other liberal networks or at least what we thought to be the only two liberal networks. We're going to carry it wall to wall. You would have thought maybe a smart counter programming strategy would be to not.
Why the Jobs Act and Tax Act Under Trump Were So Essential
How Bad Can Biden's Economy Get? Stephen Moore Explains
"Stephen, let me just continue on that note. Are you seeing because as a famous economist once said to me, economics is the science of demonstrating that water runs downhill. It's not, you know, it's not voodoo. It's not a dark art. It's common sense, right? It's just common sense. Is there anybody you're hearing on the other side of the aisle to think tank or in the quote unquote political elite who's saying, yeah, this is nuts. We can't print more money, send money to the Ukraine, the punish the wealth generators in America because I don't see it. Are you seeing it? No, you don't well, you don't see it among any of the Democrats in Congress who are just very dutifully voting for every Obama initiative. You know, we have a race I met with JD Vance this morning. You know, he's running against Tim Ryan from Ohio. This is an example of what you're talking about. And Tim Ryan is going around the state of Iowa saying, I'm a moderate Democrat. I'm a middle pro worker, a Democrat. And JD said, well, that's interesting because you voted a 100% with Joe Biden. How are you a moderate Democrat? All these guys, they voted in a 100% with Biden on everything. So there's no voices of sanity and Congress except for Joe Manchin who saved our country. Thank you, Joe Manchin. You really did say, by the way, I'm sorry to go up on a tangent here. Go ahead, go ahead. Yep, Bezos said, hey, the guy who really saved you was Joe Manchin. You know, you wanted to spend another $5 trillion because Biden's running around the country now saying he reduced the deficit. Can you believe this? You can't make this stuff up. He's about three $4 trillion they say. Fiscal conservative. And then, of course, here's the bigger problem, though, and I shouldn't be laughing because this is a very serious matter. There's nobody in The White House. There's no sane voice in The White House who was saying, hey, you know, you can't do this. You have to, there's no adult in the room. There's nobody who knows anything about business.
'Trumponomics' Author Stephen Moore on Biden's New Press Secretary
"Seen. He's the author of trumponomics. He's back at the conservative mothership, the heritage foundation has senior fellow. Welcome back to America first, one on one, Stephen Moore. Hi, Sebastian, great to be with you. And if you're hoping that I can explain that answer from our new press secretary, I have a brain I can not. I couldn't make heads or tails. Why don't she was saying, it was actually kind of awkward, and I felt a little bit sorry for her, actually. You know, she was kind of partially reading from the notes and just reading a script, even though it had nothing to do with what the question was about. But look, all of this, all of these policies, I'm an 8 from Joe Biden. She's just a mouthpiece spitting out that the sound bites that The White House has been putting out. But I think what's really more important than those crazy statements that were made in that press conference was, you know, you have somebody now, you know, who's the Jeff Bezos who runs one of the largest companies in the world who is a Liberal Democrat Sebastian, who's saying, wait a minute, none of this stuff is going to
Just When You Think It Couldn't Get Worse Than Jen Psaki...
"We have a new press secretary at The White House. How did she perform? Well, let's have a look if she knows about economics. The very basics about economics play cuts. How does raising taxes on corporations lower the cost of gas because we use car, the cost of food for every day, Americans? So look, I think we encourage those who have done very well. Especially those who care about climate change to support a fair tax code that doesn't change. It doesn't charge manufacturers workers, cops, builders, a higher percentage of their earnings, that the most fortunate people in our nation and not let that stand in the way of reducing energy costs and fighting this existential problem if you think about that as an example. And to support basic collective bargaining rights as well. That's also important. But look, by not without tax code, which is what I'm talking about, then manufacturing workers cops. It's not fair for them to have to pay higher taxes than the folks that are not paying taxes at all. They say takes a big man to admit his mistakes. I'm going to do it right now. I thought we couldn't have a worse press secretary than Jen Psaki. Oh, how wrong I was. She was asked about corporate tax rates and inflation and replied with climate change, police officers and collective
"stephen moore" Discussed on America First with Sebastian Gorka Podcast
"So welcome to the right side dear friend and join us in laughing at all the idiotic main calling that is applied, with increasing hysteria to try and stop more and more normal Americans from joining our ranks. Fascists. Conspiracy theorists, anti science, racist, turfs. Whatever. We have a better word to describe ourselves than that word. Is free. Wow, I don't know. I think it's happening. I'm super excited. If you're one of those people who is undergoing the turn who is in the midst of it, how has decided? Yes. I have buyers remorse, which means I'm a conservative now. Give us a call. Likewise, if you voted for Biden. Maybe you're not undergoing the turn. I want to hear from you too. I want to hear about what you think about the highest inflation in 40 years. About the fact you can't buy milk. Give us a call. I'm so curious. 8 three three three three go 'cause it's 833-334-6752. If you haven't done so already, check out our brand new locals community. It is our new new website with direct access to me and content you will not find anywhere else on the web and stuff. A little bit different behind the scenes like our video on my favorite James Bond movies next. It's gonna be my favorite handgun and maybe a little selection. Somebody said, they want to see my sign collection. I think we can do that. John, what do you think? Let's do that. Golka dot locals don't come. That's a dot locals dot com and don't forget the third hour of the show is always one on one today. We're going to have an amazing interview with the man who wrote the book Trump economics, former adviser to president Trump, Stephen Moore, so subscribe to the podcast so you never miss a moment wherever you get your podcasts look for America first and Sebastian gorka..
Why Stephen Moore Felt Compelled to Write 'Govzilla'
"Let's end on this. Give us a little tease. Everybody needs to get it, but tell us a little bit about why you wrote Zilla and what people will find in it. Because I am really concerned that our kids, I want this book in schools. You know, and you can read it. It can be Reddit two nights. I want our children to understand what is happening to our country, that every child born today. Any child today born less than 5 years old. By the time they reach 30, they're going to have a $300,000 share of the national debt. Is that the legacy we want to leave to our kids, is that the American Dream is that you leave every generation better off when we're doing right now is fiscal child abuse. It's outrageous, passing on these trillions and trillions of dollars of Bill. It's like we're powering at their expense. And so I want people to be aware of what's happening and we've got to turn it around. And I'm optimistic we will do that. But I guarantee you the schools aren't teaching anything that we've been talking about for the last 45 minutes. They don't teach any of this. They teach America is a terrible country. We're racist. We killed all the Indians. We're probably responsible on all the problems in Africa. We're colonias. And we are the greatest country in the world. We're not perfect people, but everyone wants to come here because we are a land of opportunity and we're a land of freedom.
Can 'Trumponomics' Exist Without a Truly Conservative GOP? Stephen Moore Explains
"Down. So here's my question to you. You've written the books. You've written Trump and nomics. Use the revised president Trump. You'll be advising him if God willing he comes back. But is it all for north if we don't have a Republican Party that is truly conservative and believes in Hayek? Believes in fond messes believes in laughter. Stephen, can we do it? You know, it's funny, you know, I don't think that Donald Trump even knew who he was. But you know, he instinctively got it. You know, he did. And so, you know, in Trump accomplished so much, even with the bureaucracy and the Republican Party kicking and screaming the whole way. I'll give you an example of something I didn't even agree with Amanda was China. I said, boy, you're going to be you're being really rough with China. You know, why are you, why are you picking a fight with China? Well, he was right. And I was wrong. He was the first president in modern times to recognize that China is that the Chinese leadership is evil that they are not friends. They're not allies, they're adversaries and enemies, and that they were engaged in incredibly predatory economic and trade practices. And he almost single handedly stood up to China. And now, I think everybody agrees that Trump was right. So. I think Trump has, and I don't, look, I think he probably will run for president and I agree with you if the Republicans take over the House and Senate, and it's a fair election. I think he could very easily win again. But he still facing so many in the party who are guns
How Stephen Moore Came to Advise Then-Presidential Candidate Donald Trump
"Second, but for those who may have heard you regularly on my show or when they tune in to newsmax or Fox, but they don't know the Stephen Moore story. Will you tell us how you got to be advising presidential candidates and then presidents, so give us a potted story of the more journey. I can tell you about meeting Trump for the first time if I may suggest because I've got a confession to make before I met Trump. I didn't like him very much. You know, I was a cruise guy way back when? Sorry? Were you a cruise guy originally? No, no, I was actually a Rand Paul guy. I'm pretty libertarian and I was well, I was helping ran. And I still love ram Paul, he's one of my favorite senators. And I remember Larry kudlow and I got a call from Donald Trump's office saying the gun candidate Trump. This was in late 2015. Would like to meet with Larry kudlow and myself and go to Trump Tower up about Fifth Avenue and I know you've been there are many, many, many times. And so, you know, I was curious about Trump. You know, I was curious about how he would have so many followers and such a short time. And, you know, there was something going on with trumpism. So I did want to meet him, but I didn't have that positive opinion of him. Until I went to his office and the first thing I noticed about Trump was that the people who work for him, the people around him loved him. And that tells you a lot about somebody. Are they treat the people that are around them? And they just thought he was the greatest thing on earth. And then I'll never forget Larry kudlow and I went into his office. You were in that office many times I know Sebastian. And we spent well over an hour talking to Donald Trump about everything. And he loves to
Joe Biden Is Totally Backwards When It Comes to Inflation
"If we can cut back on this inflation now, that would be really, really helpful. I don't know how much they're going to be able to rein it in. Sometimes, once this thing's left the station, it gets very tricky. But Jerome Powell promising that we're going to get three hikes in 2022. So interest rates are going up. So, you know, if you're going to refinance your house, you probably want to do that sooner rather than later. In the meantime, Joe Biden's answer to all this inflation is, oh, let's print more money. Hey, why not have more social programs where we give out more checks and we just flood the system with more money? Listen, buddy, once again, those 12 year olds advising you at The White House. They don't get it. They don't understand it. He does not have. I'm just going to say this and I know the entire Trump economic team. I've known them very well. One of them was my former ghost. In TV. Kudlow, Larry kudlow, of course, and then Stephen Moore was there a really smart team of gifted economists that understood lower taxes less regulation would equal more prosperity. We don't have that there right now. We have a bunch of people that think, oh, if we just tax everybody more, let's tax Elon Musk some more. So we can discourage him from having a business thrive here in the United States of America. These guys have it all
Larry and Economist Stephen Moore Discuss Inflation
"Elder my guest is economist Stephen Moore. Stephen ray doesn't matter what you call it now. You know, you're so right about this Larry. You know, the one thing that you can't spin in Washington is inflation because people feel it every day. They don't need the national media or they don't need me or you to tell them what's happening with inflation. They know. And it's very clear. By the way, I think you and I are both old enough to remember what happened in the 1970s when Jimmy Carter was prosthetic inflation got out of control and it was the primary reason that Ronald Reagan won a landslide election against an incumbent president because people were so frustrated and could feel their paycheck shrink. I want to make one other point about inflation. You know, Joe Biden, every speech he goes, he said, I'm not going to tax people who make less than $400,000. Every time you go to the grocery store. Every time you fill up your tank, you are paying a tax and it's called the inflation tax, and it is a regressive tax that hits people on fixed incomes and low income people the most. And so I just get tired of this. And by the way, 20 bucks more to fill up your tank. If you fill up twice a week if you're in delivery, that's 40 bucks a week times that's $2000 a year or more you're paying for gasoline at
Economist Stephen Moore Describes Democrats' Ridiculous Messaging on Inflation
"Mean, you know, it's amazing that the kind of narrative that Jerome Powell and Joe Biden have used on inflation. And by the way, I blame them equally for this sudden rise of inflation because we were at 1.8% inflation when Trump left office, now we're at 6.8%. And on the annualized basis, it looks like it's headed to close to 10%. And first they said there's no place. And what are these people talking about? There's no place in them when it showed up these are transitory, it's going to go away. And then a few months later, don't worry, we probably just going to go away. And now, I'm not making this up Larry. You can look it up. You can Google it. Because you're not going to believe this. But CNN had an article last week saying inflation is good for you. Yeah, I remember seeing that. Do they have to go to the grocery store? Do they ever ask people to gas station? Don't you love paying a dollar, 25 more gallon per gas? No matter wonderful
How COVID has worsened modern slavery
"My guests are Sierra and Stephen. Moore. So a husband and wife team the CO founders and directors of the Anti Slavery Organization. On China now, sadly, even with all the framework implies to tackle slavery along comes twenty twenty, the covid virus complicated further by the recession of the world economy. Sarah keeping with you how has the pandemic affected the workers at the bottom of the supply chain? mean the depend makers having catastrophic effects on supply chains and the people within them. We know that right at the beginning of covid thousands of people lost their jobs overnight. For example, Bangladeshi workers in factories would just told simply not come back to work the next day I read a story of a Lady Fatima. Twenty six with one child and she said one minute I was working the Knicks I was told to go home and not come back. What will I do and we're doing this story I ever either again, just yesterday I read about full thousand Filipino workers have been laid off because they contracts have been canceled from big name brands on this side of the world. This is a reminder that lives of the poorest of the poor said they must affected. You know when factories closed down no water more krant leaving no access to medical care very disturbing stephen a terrible Arnie has come from the pen Jimmy can one of these stories can you tell us about the manufacturers of people? In Malaysia Southeast Asia. Yes so Malaysia is a major producer of rubber and therefore rubber products made from rubber, and so we know that prior to Kevin. tain they were upset in bands on on manufacturers in the US are guiding the manufacturing of a products because of the conditions of workers and the standards that were in place. What's interesting is that as the pandemic breakout at the Dimond four PPA products through those Restrictions were lifted so that those products could be made and so this is concerning regarding the explosia increasing the risk of on slavery in those areas, and that brings us to Australia I can just imagine those of you cheating gene. You'd like to think of yourself as an ethical consumer. You wouldn't buy anything from a supply that explored its employees off certainly thought that Sarah is it really true. Look here in Australia, the Global Slavery Index estimates that there around fifteen thousand people living in slavery. So they miceli in the agriculture construction domestic service hospitality and sex industries says as well as services provided often by subcontractors such as cleaning security. And even car washing. Stephen. I'm sure he made a lot of Astrid. Slavery. Happens in this country till us more. Conversations on a daily basis with lots of companies and receptionists and executive assistants who sort of take a second look in the modern modern what slavery does this sexually occur? So there is a growing understanding of this issue in certain sectors of society, which is great to say a growing desire among consumers, a young consumers to be careful in how they purchase and what they buying to know what's behind the brand and the backyard. But there is still a great need for consumers and businesses to understand what are the implications of the choices they make and to make sure that. Is for ethically my products is actually real. And you think of different types of slavery forced marriage debt bondage six slavery child labor in the strain context who are the most vulnerable groups to fall victim to exploitation soon. Well Australia we have a number of women and at times there underage who are forced into marriage. So married against the will. That is an issue. 'CAUSE estimates around four and a half thousand up to eight thousand in Australia in the new. Year. So. These these people are at risk. We also know that there a risk among temporary workers, migrant workers in Australia there's up to one million. Timber Workers in Australia and they have been badly affected by covid nineteen, and so they are now at risk of having to receive low pay and also to do jobs for no pay. As you say covers made it harder but Sarah how do you identify person or group WHO's being exploited? That's right. I mean I, guess, it depends on the industry. But for example, I read a story about a man quote Abdul who was a Bangladeshi man who was working on a construction site just outside of camera. He came here thinking that he was going to be able to earn a lot of money to send I am to his family to send his children to school. But in the end, he ended up working six days a week for around two hundred, fifty dollars and was forced to give one hundred dollars backup that to his employer for accommodation costs and so I guess it's if you're on a construction site, it's looking at WHO's there. Do they speak English do they have appropriate? Even having a conversation with them to find out. Are they. Okay. Because a lot of these people feel like they don't have a voice, they often don't speak English and. Attend to. So you know in the case of healthcare workers keeping your eye out for people who come through the emergency department who maybe controlled by an older man, for example, looking out for signs of physical sexual emotional abuse.
"stephen moore" Discussed on The Dan Bongino Show
"Now Stephen Moore. Card as I said I'm really happy to welcome to the show. A man I've read so much material from I feel like we're personal friends already. At a former or economic advisor excuse me the president trump and a member of economic recovery Taskforce, and also the author of an absolutely terrific book trump and Economist Stephen, Moore Steve so great to finally talk on my show. It's an honor to have you here. And it's going to be with you. Thank you so much for having me. Yeah, you got it I've been reading your material and opinion pieces forever as I said I feel like I have a long ongoing relationship with you at this point, so let me get right to it. given your expertise in economics I read recently one of ironically. You're Brock Obama's former economic advisers Jason Furman. He stated that this recession obviously induced from this awful corona virus. That's been like a plague. Plague on our country that the recovery from this may be different again. This is Obama's former guy. He suggests that it's going to be a V with a quick rebound, suggesting that it's more like kind of a hurricane event in Florida where it hits causes economic dislocation, and everybody goes back to work a couple of weeks later. Do you echo that or do you think it's going to be kind of like a check? Mark down and up in a slow drag from there? You know. We don't really know. I mean. It's a tough question because we never really ever experienced anything like this before where you just shut down the engine of an economy that had been growing by the way and. Before coronavirus had we had the best economy and thirty forty years it was we were booming. We have rising wages. We add plunging. Poverty. Rates plugged plunging unemployment rates by the way Dan. Do you know what it demographic group from two thousand seventeen through two thousand, twenty at the best is. No, but I bet my audience would love to hear it as well as me. I think black Americans. Black Americans though that racist president did the best economy for. Here's a statistic for you. Dan You weren't I love that a lot of people won't believe in three years Donald. Trump created more economic advance for blacks in terms of incomes, if three years than Obama did in eight years. You'd never hear that from the mainstream media Steve. Exact, opposite narrative Talking to you have done that. At least very well to so the the shame as that we we, we look I've been saying this from the start. I, think I was one of the first people to say I think it was one of the. Greatest airs in the history of this country that we shut down our economy, it was It was a credibly boneheaded decision by mayors and governors around the country, and it's substantial damage substantial damage to our businesses. The reason I'm not quite as optimistic as. Safe Jason verminous about is coming out of this in a booming way. Donald Trump talked a lot about that. By the way I hope I'm wrong, but I just think we've done so much damage to our businesses. You know we have we're millions of businesses fail once. Business goes bankrupt dates, not like Lazarus. You can't resurrected, so we've. We've done a lot of damage. I think the summer is going to be bad I think it's GonNa. People are gonNA. Be surprised that they were. Were all those jobs that were there while he will you destroy a business? The jobs aren't necessarily there, but I think by the fall will start to see some improvement, and then we're coming to an election, and I think this election is really committed decided on one issue, mostly one issue down, and that is the question. Do you think that Joe Biden or Donald? Trump can lead this economy back to a great recovery and I. Personally don't think that's a very hard. Question to answer I think it's pretty obvious. which which of these two candidates can can do that and trump has a very strong lining can say look. I rebuilt the American economy once before, and I can do it again. Yeah I. Mean anyone looking at this rationally can't seriously answer that question and fill in the blank which you'll Biden, it's just it's not reasonable based on the facts and the data. Back. I'm sorry. Just just a day or two ago. Joe Biden was. Double ACP today. Did you see what he endorsed? Reparation payments. Which I, you know I. Thomas Soul is interesting. I was reading a quote or actually. Let me say I'm not even sure it was because so much is is attributed to Thomas. Soul on twitter. I'm not even sure what Thomas Sowell Center, but it sounded like Thomas. All given that I've read most of his material says something. I can't believe we're holding. Holding people responsible for things they didn't do and not holding responsible people now for things they did do it just. I again I don't I. Don't get the logic of that economically I mean. Obviously it's a historical stain on our country. That can't be fixed. It had happened that can be discussed. It can be discussed, so we never repeat the sends again. This idea of paying people for something to do. Is quite bizarre, but get on this potential v-shaped recovery and I don't disagree with what you said at all I think we'll we'll. We'll recover, but I think it will be a tougher slog. One of the things that worries me is. You know now with our supply chains, being globally interconnected and everything being J it just-in-time. You have this just in time delivery you have. All of these very complicated. cross-border supply chains. That's not the kind of thing you can just stop and put a period on and say Bang. We're going to restart again. That's what has me concerned. Yeah so that's right. Because the rest of the world, this is in a severe recession as well and you know. When we heard our economy, we bring everybody down with us. I mean we are the hub of the world economy. And that's one of the reasons. This is so tragic is the people who suffered the most are the poorest people nited States in the poorest people in the world. The left doesn't care about that I. Really do believe I didn't believe this Dan a month ago, but I believe it today that the left will do anything even destroy the American economy. If that's what it takes for them to win in November and so I think this. A lot of this was orchestrated I. Don't think it's just incidence it. We spent a year and a half on a hoax on the Russia collusion a from almost the. Moment that that that mythology was crushed than we moved across the virus, and then just when we're coming into a recovery than we have the riots in the streets and eight. Oh, it's going to be one thing after another. But it's interesting to see what's going on in America that the Red States Dan now Florida Georgia taxes Tennessee South Carolina Iowa Nebraska Utah Idaho those states are coming back very strongly. And they're open for business. Largely, the problem we have is states like new. York new, Jersey and Connecticut My. Home State of Illinois, which is a disgrace. To some extent, California, they remain owes. It's hard to get the whole economy to grow when you got one third of the economy. That's still in lock on by the way. Every one of those states has a democratic governor. Are Major Financial Tub in New York, so yeah I. Don't disagree with you..
What crisis? Nasdaq nears all-time highs, defying toll of economic shutdown
"The president has he's noted he wants to see society reopen once see the economy reopen but we do want to do so safely and there are institutions that are put into place the social distancing measures yeah I had to you know we talk about the economy all won the baby get numbers that came and that was up from the Florida legislative office of economic and demographic research yesterday how big was the April hit two fours economy are pretty big we exceeded the the first quarter revenue estimates every month even March where things you know began to hit the skids but in April revenue came in twenty five percent below pre pandemic estimates and the shortfall your every year more than seven hundred million dollars loss revenue for the state of Florida just that one month and it's going to put additional pressure obviously I just on the state's economy but also the budget talk about governor de Santis the judicial nominations to be spring court wife doesn't big decisions on his on his hands here including the budget it was passed at a record ninety three point two billion dollars we are getting I nearly five billion dollars in relief under the cures act but it looks like there's going to have to be some significant budget cutting so we talk about the economy joining us now one of the preeminent condiments Stephen Moore you may call him at Stephen Moore on Twitter as stable we take a look at the economy right now there's been a bit of a disconnect I think with the economic reality purses yeah the stock market for example what do you see what's real and what isn't right now hi Brian good to be with you well first of all remember that that you know people have been asking me this question the last couple days like the stock market doing well when the economy is doing so poorly and and it's the first wall of stock market investing that the stock market is looking ahead right it's like you know what the economy's gonna look like you know two months from now three months six months one year two years three years down the line where are the numbers that you're reporting which are awful just awful I mean we've done significant damage to our economic infrastructure because of this crazy shut down which I think is three Bucks we'll look back and say this was one of the greatest errors and mistakes out of work you know in our nation's history but in any case we are where we are and the good news that the stock market is looking ahead at the Hague there is a light at the end of this tunnel that's why when I get up in the morning you know the first thing I look at is it a lot what is the stock market telling us not because I'm interested in greed of making money off of that making money everyone I'm like you know fifty five percent America that you have money in the stock market but I'm interested in what is one of the investors around the world think of the prognosis for the economy and right now you have a cat big stock plunged another wall we're only down fifteen percent of the stock market for more war before court of Irish ship that's an amazing statistic about a nasdaq is higher than it was today than it was before at the beginning of the year it's pretty wild how much of this though is the federal reserve backstopping trillions of dollars to end and popping that into the markets and then just investors having a place where they want to put their money ultimately so the what I just wrote a column on this the biggest danger other than the you know qualifiers right now is deflation we have we've deflationary economy I know when I see the people of Iraq we have deflation the fed has been poured money into the economy they've been putting a lot of money they've gotten by now stops at even lower interest rates but they need to do more not less that's because if you look at consumer prices they've been falling electric commodity prices have been falling remember what the office which is actually starting to make a recovery sell a lot you know at the beginning of a step back so we do need dot more dollar liquidity some people are gonna probably weren't alive I wish you more say that we've already put so much dollar liquidity in the economy that's because whenever you have an international crisis remember this is not just a crisis night stated happening around the globe the first thing that people buy weapons when you have a whether it's a terrorist event or a war or you know a major earthquake or natural disaster people flat why what we need to buy dollars so there's been a mass rush to buy dollars not bad have to accommodate that by putting more dollars into the economy so I'm I believe that that lack of monetary policy has been pretty much doing the right thing all they need to do more of it one of things we need right now by the way is to suspend the payroll tax you know it's just on the payroll tax right now so that you know you want to get people back to work like a business will help you got wanna give everyone of twenty eight million small business in this country aftermath without reduction okay all cost and then you give every single worker in America some hapless okay right what if your recovery that's the single most important thing we can do is to find the payroll tax
"stephen moore" Discussed on The Peter Schiff Show Podcast
"I mean I'm not even sure what he got it for But I'm sure whatever it was I would disagree with it but in any event they're very opposite guys yet. They're on the exact same page. When it comes to the Federal Reserve both Paul Krugman who supposedly believed in sound money and the gold standard and Paul Krugman right. Who doesn't believe in a goal set at all right but these two guys both want the Federal Reserve to print a ton of money keep on printing right. They're both advocating government deficits right. I'm sure Steve Moore would prefer the deficits resulted from tax cuts. But he doesn't carry wants deficits so even if it means more government that's a trade off. He's willing to make because he wants to fed to print more money. Because Steve Moore according to Him. The prosperity killer is the flation. That was his article. His op ED. That I read it was like the real prosperity killer is deflation right so we can't have deflation so the most important thing is that the Fed saves us from this man is of deflation now. Of course I've talked about that. This on the podcast. Deflation is not something that we have to be saved from the in doesn't kill prosperity. Deflation Causes Prosperity Right. At least when he's talking about deflation he's talking about falling prices. Falling prices are what we want because when prices go down we buy more stuff right which is good. We want to have more stuff that cheaper better right and I know people say well. That's bad for business. No is great for business because their cost. Come Down Right. There cost Sir also prices and when your costs come down and your prices go down you can maintain your margins but what you can do on. Your prices are down as you can sell more stuff so you do more volume. You make more money. Selling more affordable merchandise so deflation is not a prosperity killer. Now the mistake they make right they go back and look at the Great Depression of the Nineteen Thirties. Right Oh prices went down. Yeah prices went out. That's not what caused the depression. They want to act like because prices went down in the thirties. That's why we have depression. No that's not why we had a depression. It's the depression that caused prices to go down but price is going down. Weren't the problem. They actually mitigated the problem. They cushioned the blow for people to see that the cost of living wind down to try to blame the depression on the fact that prices went down. That's like you know blaming the rain on web sidewalks. The sidewalks are wet because it rain. It didn't rain because the sidewalks are wet. Depression because prices went down. You gotta pack. Words prices went down because we have the recession. The depression and you know the same thing happened. I talked about that. On one of my podcasts. Not Too long ago when I saw the airfares right airline prices ticket prices just collapsed right. I was taught. I think I mentioned on the podcast. I saw like a three dollar or dollar fair from San Juan to To Boston I mean just crazy price ridiculously low prices. That was the knee-jerk reaction you know. All of a sudden nobody was flying so the airlines just cut their prices and that actually hit the CPI we got such low print was because of the collapse in airfare. Well Anyway I happen to go on the Internet couple nights ago because I want to fly back to Connecticut. I've been here in Puerto Rico and I WANNA come back in early June and go back to Connecticut and so I'm looking online and sure enough. The air fares have gone way up. I mean there are more than they used to be right. The coach Fares I was looking at were anywhere. I can get sometimes. You can get a flight for that. Cheapest I saw was one eighty five hundred eighty five dollars one way but most of the flights were to twenty five to fifty three four hundred. That's not what they used to be if it wasn't a holiday right so obviously if you WANNA go. Thanksgiving weekend or something like that. Yeah they jacked fares up but to just go on a normal day. The cheapest fares one way coach. We're usually around one hundred fifteen one hundred twenty five dollars. There are plenty of them that you could find one hundred fifty one hundred seventy five. Mostly those are gone and a lot of the flights there used to be jetblue had a direct flight to Hartford. Sometimes you could take that because it's not that bad. They canceled all those flights. They don't exist. The only way to get the Hartford. Is You have to connect and it takes forever but the business class seats. I like to fly business class. Delta's the airline. I typically fly. They had generally the best business class. Go in between New York and Puerto Rico and the last time I flew I checked. I looked at my receipt. I paid three hundred and forty five dollars. One way for business that tells you how cheap it was because coach. I probably could've got a coach ticket for one fifty but I pay three fifty three forty five for business right. The cheapest business fair I saw for Delta was one hundred eighty eight thousand nine hundred dollars like eighteen hundred change and there were barely any flights to choose from. Most of the days weren't even any flights at all. I mean they had flights every day before so they have completely reduced to flights even coach on Delta. I couldn't find a one way coach fair on Delta for less than twelve hundred dollars in fact the one flight I was looking at that had eighteen hundred dollar business. The coach was almost seventeen hundred. There was only one hundred dollar difference between coach and business. So what's happened is after the airlines you know took a lot of planes and put them off in the desert somewhere right and storing them and they cancelled all these flights now. The prices have gone way up. I said this was going to happen. The knee jerk reaction is that prices went down but now prices are way up now. Our consumers better off now that the prices are way up course thought they were much better off before they went up now. Of course. Most people still aren't flying. So what difference does it make right if you work in a fly anyway? It doesn't matter what the price of ticket that you're not buying is but if anybody has to fly or they WANNA fly. It's a lot more expensive now than it was before cove and it's way more expensive than it was in the immediate weeks after coverted but according to like more. The problem isn't that airfares went up and said that they went down that the falling price was the problem. Now it wasn't the problem. It was a consequence of the problem but for the economy. Are we better off? Now that we have to pay more to fly course thought but those are the realities of a falling standard of living but the reason that Steve Moore is trying to set up this phony. Boogeyman OF DEFLATION IS. He wants to fed to print more money and so the way to justify wanting more inflation is by saying that deflation is terrible and we have to prevent that and we need these defended print. More money now. Of course what Steve Moore really wants is the Fed to help trump get reelected and he thinks the best way to do that is to prevent the stock market from going down prevent the real estate market from going down and just print a bunch of money to finance all these tax or increases in government spending to put a band aid on this cancer long enough to to re elect trump but it is amazing to see a guy like Steve Moore. Who's a nice guy? I know him personally. I met him many many times. We we speak at a lot of the same conferences or we did before they all started to get canceled. Now that people are going to them but to see him advocating for massive deficit spending and money printing because he thinks that we need to be saved from the ravages of a fallen cost of living. We don't need to be saved from that. We need to be saved from big government. It's the increased government spending. That is the problem and monetize that dead paying for that. Spending by printing money is an even bigger problem. And Steve Moore should know that but no instead he wants a Keynesian stimulus and he wants to pay for it by the Federal Reserve printing money to supposedly saved us from collapsing prices. That aren't even collapsing. A. It's not even a bad thing but it's not even happening. Yes it happened a little bit initially but you know that's going to go away once all the going out of business sales or finished. Well I mean once you deplete the inventory and you don't restock it. Prices are going up right. What's happening in the airline industry is just a taste of what's going to be happening in the overall economy and so the problem for the. Fed is what happens when we have an inflation problem as measured by the CPI. What can they do about it? Nothing now how they gonNA fight inflation. How are they going to raise rates? They can't how they can shrink their balance sheets in order to raise rates they gotta start selling a treasuries they gotTA START SELLING. Muny bonds they gotTa Start Selling Corp how they going to do that when now. Everybody is counting on the Fed to buy all this crap having to turn around and sell it. And who the HELL'S GONNA Buy? Then what price? So they have really put themselves in a box but now you know I want to get to to Paul Krugman right because Paul Krugman. He wrote his article and Croghan is now being critical of trump and other republicans who are anxious to get the economy going again right. They want to reopen and Krugman is like. Oh this is reckless. You're risking causing a depression right. The biggest mistake we could make is go back to work too soon right. We don't want people going back to work because they might get sick right. We might spread the virus so in order to make sure that we don't in fact more people then we gotta stay sheltered at home longer and if we come out of hiding too soon that is the risk right and the Republicans are just. They don't care they just trying to make it look good so before the election and so they're risking depression by bringing people home to quickly. What Krugman wants is everybody to stay home and not work and have the governor to keep on printing money because he was saying that. Fortunately it's fine. Nobody has to work. Nobody has to do anything because we could. Just send out all these checks. We print all this money and give it to people and so. Craig was not worried about that at all. Somehow that's not a problem. There's a big difference between working for money and just having the government printed you see when people go to work they do something at least most of the people right. Not The government workers but the people that work in the private sector. You go to work and you are producing something. You're helping to produce some good. You're helping to provide some service that has value and what you're paid is a percentage of that value that your labor is helping to create so for adding something into the pot. You now get money that allows you to take something out of the pot right. We all put in with our work and then we get to buy some of the stuff that we help produce right if everybody just sits at home and doesn't produce anything but the governor just replaces. They're lost income by printing money. There's a big difference there because you're getting money and you're not doing anything you're taking out of the pop but you put nothing into the pot so all it's happening is we're bidding for stuff. That's not there right so Krugman doesn't think that's a risk at all. He is not worried about the consequences of not sending people back to work and about continuing to run the printing presses continuing to pay people to do nothing because he doesn't see a with that because he loves government spending he thinks government spending creates wealth. And Right. Now I guess Stephen Moore is on the same page because they both advocating for the same policies. Nobody out there on either side advocating sound money saying no no. No this is wrong. We can't do this. We print all this money. We can't run these deficits we have to cut spending. We need sound money because nobody wants to deal with the short term economic and political consequences of doing the right thing so instead we do the wrong thing and because we got away with doing the wrong thing from two thousand and eight until the present people think we can get away with doing the wrong thing indefinitely well we. Can't you know the people who were worried about the problems in? Oh Eight. Oh nine like me. We were right. We were early but we were right. The people who weren't worried we're raw. They don't realize they were wrong because the consequences were delayed and because they were delayed guys like klugman think that they were vindicated right because nothing bad supposedly happened and guys like me were proven wrong. Well what's about to happen is going to prove guys like me right anyway before I get into the questions and we got plenty of questions which I've been answering on Friday. I want to talk a little bit more about our sponsor express. Vpn So what make sure you know express VPN the the the thing about it is your your ISP Internet service provider right when you just browsing the Internet. Your Internet service provider knows every site that you visit..
"stephen moore" Discussed on The Glenn Beck Program
"They're telling me if I don't get. Get revenues were customers in the door and the next week or two. I'm out of business. I'll have to sell the my assets, and once a business folds. It cannot reopen. You know it's Valet Lazarus. It doesn't come back from the dead and so just make this fear. Is that so many of these great businesses, and and some of the people call me. They said I put my whole life into this and literally. Crying it, it's like when you have a business and you run it. You put your whole life into it. It's like losing a child. It really is like you know a family member that we're seeing millions of small businesses that are teetering on the verge of bankruptcy, and the love says keep them shut down for another two or three months. That's just by. Did you see ca Los Angeles? The the dunce cap mayor there wants to keep the city of Los Angeles. Shut down for three more months. You're gonNA rioting in the streets. Stephen Moore How can people get a hold of the SOS losing my mind Glenn I? Mean you're you're not? You're not you're not. Save our country coalition Stephen Moore. You can find him heritage dot org heritage. Dot Org Thank you very much Stephen Moore. We'll talk again back in just a second. This the Glenn Beck Program. All.
Trump should have implemented lockdown in sanctuary cities, not entire U.S.
"The great Stephen Moore is with us online ten Mr mora from the heritage foundation and working for Donald Trump welcome to the show so this is what you're after eight ten Steven with breaking up we're breaking up on the on the cell phone Mister Moore can you hear us I can hear you loud and clear can you hear me yeah now I can't okay let's make it simple for everyone listening to this great show you know what you're talking about mmhm your member the journal's editorial board you return to the heritage of twenty fourteen you are not are you advising the trump administration on the economic devastation that we're living through right now and I'm on the president's economic recovery as for C. endocrinologist about few minutes late your show I was I was commenting on the president's side he just got done with his foster brother Michael he said the last thing by the way was we are going to get this economy help and he said that is my top priority you know I I do think Michael that when we look back at the six months or a year or two or five years from now I think people will say this was one of the greatest mistake our nation ever made I really deal well that's we've been talking about right now which is the virus is not a hoax but the virus is not a hoax but the lockdown of entire societies is a hoax it is so devastating I think most Americans think that we can just go right back to work when this is over but you know Michael every day I get calls that are heartbreaking for men and women who spent their whole life building a small business put every penny of their life savings into it and then the government is right at that you look at what's happening with the lines in places like Pittsburgh and Philadelphia here on the east coast where you have people waiting in line for an hour and a half mile long it's a food trucks because they don't have food because the government take away the jobs it is really so sad that we didn't need to do this we obviously when they take a lot of sticky stuff to make sure people stay safe and we need to keep our home safe and we needed to keep people with existing conditions safe but this idea of just locking down our economy we don't truly the valance dollars of damage that number recoverable it breaks my heart it does let's just never do that god will get the state's open and what's even that's the Stephen fry for seven weeks I've been screaming about first selective quarantines I emailed governor Newsom on it I said at least open the six counties that have no cases fell on deaf ears I said the same thing two of Cuomo's office opened in New York state counties with no cases and they did a one size fits all it's part of the power man this is what you have to admit would you say I wanted you know Michael did you know that about almost half of the counties in the United States almost half of those counties have had virtually zero corona virus now most deaths so what well I'm it's one thing to shut down New York City or New Orleans or subtract out all right dot net but there are a number well over half of Americans ever had a problem with the right why did they lump in all of America with the the cesspools of the cities by the way the sanctuary cities is where the largest a cluster of this disease the largest clusters of this disease are in sanctuary cities would you agree with the data well I'm thinking about that from New York yeah San Francisco yeah Seattle yeah yes Los Angeles yes yeah the downtown Chicago yes Washington D. C. S.
"stephen moore" Discussed on WBSM 1420
"In hell right now German believe me we can stay here and get this kicked out of us or we can fight our way back into the light we can climb out of hell one inch at a time the following is been rated DC for politically correct tension display learn some say elder do Larry over here the state from south central the the great elders he welcome to the program we've got to cut triple eight nine seven one S. A. G. E. triple eight nine seven one seven two four three Larry elder relief after dot com studio so much to get to between now and the close of the program later on this hour we will be speaking with economist Stephen Moore who is a member of the president trump coronavirus get the economy back to normal task force to whatever the hell they're calling it he wrote a piece co authored a piece in which he talked about how America can get back to work when talking about the reaction was their reaction would have some states did not shut down what about state whose governor recently received a parade because refused to shut down her state could we have survived this thing what's that new evidence suggesting general Flynn might have been entrapped you know he's been trying to get his guilty plea removed he was president trump's first national security adviser pled guilty to lying to a federal agent early they threatened his prosecutors son he completely lost all of the money spent about three and a half million dollars on lawyers fees put his house up for sale looks like he may very well be exonerated if not exonerated certainly pardon by president trump the U. S. economy looks like it shrank at four point eight percent last year our last quarter a dramatic dramatic decline because the client by far since the second World War US government analysis finds that the Wuhan laboratory was most likely the corona virus source not to say that it was man made but that is likely escaped from the war had corona virus research lab the end of next hour we're going to be checking in with my friend Valerie who has been stuck on that cruise ship she's now off the ship went to hospital now off the hospital in a hotel but her traveling companion remains on the ship apparently is the only passenger still on this show all by himself all of that in more but first we are we did something to remember when the doctor with the department charity Dr Phil.
Trump Adviser: Social Distancing Protestors Are the Second Coming of Rosa Parks
"My life listen to this this is trump adviser I don't trump only hires the best Stephen Moore ladies government areas that's the no we're going to see a lot more of those in Ohio we saw more protests today I'm working with a group of Wisconsin that wants to do a drive in Hey are you remember the old sentence with this degree of drive and they're gonna shut down the capital sh don't tell anybody but they think they can get fifteen hundred people to come and and this is great yeah you guys all so that we have a one big going on Wisconsin I'm not gonna mention his name and I told about this you said Steve I promise I will pay the bail and legal fees for anyone who gets arrested so this is a great time gentlemen and ladies for civil disobedience we need to be the Rosa Parks here and protest against these government injustice ladies and gentlemen Donald Trump adviser Stephen Moore just compared Rosa Parks to some of these protesters it is one of the dumbest and by the way can you quite a few one of the dumbest comments that anybody in Donald trump's cabinet has made JD you can't possibly defend that statement he said we need to be the Rosa Parks here like we need to be like Rosa Parks yeah and he made a reference to some of these protesters running out there and protest the war the protesting you're so you're comparing it to think all about best what the protests and I'm asking you are you okay with that they want they want America to open back up they want their jobs back they want their lives back if anything that's an outdated they think this is a no brainer
"stephen moore" Discussed on WCBM 680 AM
"Come up with a crazy idea for how to re open the country amid the corona pandemic he wants all of us to wear space outfits his name Stephen Moore it's not gonna happen I we should spend some time doing something significant the first human trial in Europe over coronavirus vaccine has begun in Oxford to volunteers were injected the first of more than eight hundred people recruited for the study half will receive the covert nineteen vaccine the other half the control vaccine which protects against meningitis but not corona virus the design of the trial means volunteers will not know which vaccine they are getting though the doctors will closely watched Gilead sciences company their experimental antiviral drug apparently failed to help patients with severe covert nineteen in a clinical trial conducted in China but the drug maker said the study's results were inconclusive because it was terminated early a stunning twenty six and a half million Americans of sun unemployment benefits since March confirming that all jobs gain during the longest employment boom in US history have been wiped out as the corona virus savages still the economy Kristen wild for my hard work dot com and noted author is with us and I asked Christine to come up with his weekly report on this coronavirus and then more asking a few questions after that Christian what do you have force well George if some bad actors Santos this virus to destroy us they don't know much about Americans and what we're all about can you think of a time since World War two when we've been more drawn closer as a nation or the world community in fighting a common enemy the first responders families and friends up there who gave their lives I want to just say that the book of John where Jesus said No greater love hath anyone that they give up their life for a friend and that's what they have done no politics have taken a backseat for a while Georgian is been refreshing and twenty one companies are scrambling to get fast track FDA approvals to begin drug and vaccine trials which would be a year and a half two years or maybe more away but how will help the millions affected and dying today what can help you and I am close to close listeners in protecting ourselves in families as the country is about to go back to work and the virus is still working out there or maybe this is a good time to be involved more in our own health care following the advice of some of the most respected experts who tell us repeatedly that maintaining a robust and viable immune system is our best chance to defend against this coronavirus there's been a whole lot of attention George's you know paid to a nineteen fifty five approved drug called hydroxy caloric wind that has shown a lot of promise but the information has been contradictory it's unbelievable you know we're getting reports that studies say it doesn't work then we're getting reports that say it does you don't know who to believe Christian don't know we're gonna have to just stand by and watch but here's an example George a small restaurant study found its own reliable as compared to a French study that was presented to the premier of France claiming a ninety two percent recovery rates among the hundreds of one thousand one hundred and fifteen call would patients so like you say a little let's just get a good seat and watch it but I I would you want to share a quick story with you okay Dr Marc Siegel is the go to medical expert on fox and he shared a story of a ninety year old man who had no chance of surviving the virus is doctor decided to give him hydrochloric hydroxy chloride Quinn and a Z. pack and he recovered and returned home and he went on to say that ninety year old man is my father well that's a great choice because you don't know who is dizzy Packer the hydro you just don't know Christian but it was several several years ago I turned you loose to investigate turmeric because I had seen the story that said it was a great im Yoon booster and of course you want to install the did and came back with a special formula people can find it at my heart book dot com but have you found turmeric being used at all in any of these cases yes I I'd purposely because I'm involved with turmeric I've taken a backseat I don't know that's been fair to the spice but I can put continually hear reports matter of fact I was looking at something in India when they wanted to find out why there were fewer cases of the corona virus in India said one thing is very hot weather but the other thing was turmeric it's got two men in their own car buyer role we talk about a George's or anti fungal anti bacterial anti cancer but it's also anti viral well in my.
Paul Ehrlich - Uncensored on Earth Day 50th Anniversary
"This is the growth busters. Podcast about sustainable living. We are deep into overshoot. So we're busy trying to save the planet. If we succeed with your help maybe there'll be something left for the next generation and the one after that. Sometimes we talk about simple things we can all do in our daily lives to shrink our footprint. Sometimes we dig into deep heavy duty subjects like it's been fifty years since the first Earth Day. What the happened. I'm Dave Gardner. One of your guides on this journey to sustainability and I'm Eric Areas Co host and Co producer of the growth busters podcast for cutting edge information about our cultures unsustainable love affair with growth. And what we can do about it. Visit GROWTH BUSTERS DOT ORG. The special day episode is really extra special because we are joined by. Stanford biologist. Dr Paul Ehrlich the man who launched me on this path of planet saving. But before we talk to Paul. I have a couple of quick bits of News Erica. We also want to do a quick follow up on her last episode forty to the silver lining of Kobe induced recession with Brian. Check Executive Director of the Center for the advancement of the steady state economy. We discussed how reduced economic activity like we're having now during. The Corona virus lockdown is actually a step in the right direction for preservation of her life. Supporting Ecosystems will since we published that episode. Erica to interesting. Commentaries have been published. That are quite relevant. Maybe even read it. We should talk about briefly but try to keep this pretty quick. Because we know everybody's waiting to hear from Dr Paul Erlich. There's one that I hesitate to even mention. I really hate to give it any oxygen. It was called. Beware the left's De Growth Movement and it was written by Stephen Moore. He's got a syndicated column which is a tragedy in itself green and that name may ring a bell to you. Stephen Moore was floated for a while as potential fed position. Donald Trump wanted Stephen Moore but the guy just looked qualifications and eventually they had to pull his name basically works for these think. Tanks that are propaganda machines for growth pushers and growth profiteers. So this piece. Beware the Left de Growth Movement by Stephen Moore. We just want Issue a warning about I guess and you know what I remember. Erica evening that I I read that. I sent you an email with a link to that and boy. I got your attention. If you know growl when I get mad and this article definitely deserved a few girls from me. I found it hilarious. How Stephen Moore? Who is supposed to be? You know sort of a big deal out there in his area. I thought it was really funny that he refers to the growth movement as sort of this chic fad as if environmental protection which is the quintessential of the De Growth Movement. Somehow became fashionable. Sure let's go ahead and talk about how sexy climate changes and all the catastrophe that's happening because of the climate change. Let's go ahead and talk about how sexy that as people started carrying about the planet a longtime ago when it became apparent that there's an everybody else's health and social wellbeing are actually dependent on the planet's ability to support kind of water is all about in fact because that was kind of the peak of environmental care little. Did people know back in nineteen seventy that. It was peeking. They thought it was just beginning and we should talk about that a little bit so we will include Lincoln the show notes to this piece of garbage. And if you do go and read it be sure to scroll down and read the notes because there are some good notes in effect. Brian Check. Who was our guest on the last episode about the silver lining of the coveted induced recession? Rebrand check wrote a comment to that piece that made a very good rebuttal and it didn't take him long because the truth is this thing is just full of unsubstantiated generalizations. Wouldn't you say Erica? But there's hope because we got the antidote and shortly after sent you the link to that I sent you a link to this really amazing and wonderful essay that we cannot recommend to highly. We're GONNA definitely put the link in the show notes and all whatever I can do to star in highlight it and bring it to your attention will and we have to sell it because it's I don't know it takes a little while to read a little bit a time. Rating that myself. It's titled the end of Economic Growth by going to butcher those SAR Mitijda sub Ramadan survey on an Subramanian. Somebody awesome somebody. I'm GonNa Start Worshiping so a shout out to you. Sobre Mista and forgiveness for butchering your name. But boy we love you in your work and this is actually going to be in the May print issue of mcleans which is a big magazine in Canada but they posted at mcleans dot ca on April fifteenth. And we will put a link in the show notes so online. It's called the end of the economic growth and imprint. The headline is the death of growth. I think we've kind of already obscene. That disasters have a way of slowing climate. Change not to mention slowing down economy and when we also start to see oil prices decline and suddenly there's no more funds available to invest in all these green technologies that all of our techno enthusiasts friends have been raving about. What do we do what we left with? Is Technology still going to save? The world is at saving the world right. Now it's kind of a really scary time that I hope. More people are starting to question whether that is going to be the fix for everything going forward and another positive thing. I took from. This article was just hope for the future where people begin to see how one person's or even just a group of people's misfortune collective misfortune affects all of us economically health wise a now more than ever those most vulnerable to climate and deuce catastrophe while this might seem like it's such a faraway problem and that doesn't directly affect us. I hope that we're starting to see that it really does. It really does. And it's only a matter of time before it does directly affect us. I think what excites me? Most about this is. This is a really Almost like a little mini course for for people with short attention span. Or if you don't have the time or you can't find a good semester long college course in real economics that understands that the economy is a subset of the Environment. This is a good primer. She talks about polar limits to growth Vaclav smell than I think. One of the most important things in here is this notion. And apparently more and more economists and other smart people are starting to talk about the fact that you know what comic growth is slowing down. And maybe that's just a normal part of the process. Maybe that's a sign of a a mature economy. In fact a she mentions a book called fully grown. Why stagnant economy is a sign of success. Imagine that I mean this is blasphemy to somebody like Stephen Moore. But this is intelligent. This isn't full of unsubstantiated generalizations. This is a really good piece. That's required reading. So if you're a little bit new to the idea that pursuit of robust economic growth is a suicide mission. This'll be a good primer for you if you've been following along with what we've been talking about for years now and this isn't a new idea to you. This is something you can share with somebody who might be rational enough and open minded enough that you can say that's what I'm talking about.
"stephen moore" Discussed on KDWN 720AM
"It Stephen Moore sees were heading as a country and thinks the worst is over you know he's an esteemed economists cut twelve I'm feeling a lot better today about where we are and I was a week or two ago things have really looks like we may have turned a corner but I like this approach Donny what I believe in federalism that states should lead the way that one state can we learn from another I think you're gonna see more laissez are an opening of the unique in the western and midwestern states I think the east coast are gonna be a little flower and that is often the cats roundtable discreetly can show for John casta TD's city had us even more on so he is saying he feels a bit better about things what about you we'll talk about that with congressman **** more chip Roy should say but for the most part I was shocked at this they did a poll and ask people are you ready to get out sixty percent of Americans say they're more concerned that loosening up stay home measures will further spread the coronavirus wow that's the NBC Wall Street journal poll by comparison thirty two percent or more concerned about the country that the country will take too much time to ease the restrictions seventy seven percent of Democrats responded to fifty some percent fifty three percent of independents report they're more concerned about the spread of the virus Republicans are more divided thirty nine percent more worried about the pandemic forty eight percent reporting their greatest concern is the economy I'm actually with the one with the latter I'm I'm more concerned about the economy Sally it everybody this is septa below this point and we're keeping the safety make sure the supply make sure they have a some money on and make sure when things get safe there first to get out and and get some care but for the most part they're not gonna be the same country if we continue to wait Derek listen Wes in west Bridgewater Massachusetts Hey Derek Brian it's out west Bridgewater yeah I'm just just coincidently not really coincidently but about six months ago all their faults governor Baker will be here in Massachusetts do the temporary shut down of all the vape shops here in Massachusetts it was wrong we did it for the wrong reasons it ends up that by the time he realized that he made a mistake in the bait shops weren't causing the problem over here ninety percent of me re opened all the shops after a few months ninety percent of jobs went bankrupt so this this model has been proven right now across the whole nation if we keep our businesses shut down we're gonna have bankruptcies like you don't want to believe the Majority Leader McCarthy a hundred percent right the policy is killing businesses every moment every day every hour she weighed every business is a dying I hear yeah it's inexcusable don't tell me as part of politics as usual as he sits there and our our mansion overlooking the water.
Interview With Jeffrey Howard On The Coronavirus Situation In the United STates
"Joining me to discuss the latest twist and turn stateside is the political philosopher and US politics expert at UC L. A Good Friend of Monaco Twenty Four Geoffrey Howard Jeffrey. Good morning to you. You're listening to that. I was quite striking. Some of Ed had to say it's been tracking obviously trump's presses in this kind of thing this idea that he's oscillating between attack mode and a more conciliatory tone on the latter. It's not something that he does particularly. Well it people. We're talking just a couple of weeks ago that we're seeing a new tone from the president on this topic and people wondered whether this was a a moment of pivoting to a more conciliatory manner may be one. That would be bipartisan. That would engage people on both sides of the Aisle. A but every time people think that that's happening We're disappointed within hours. And the president reverts to really what his is natural tendency which is to be compatible. Cabada to be extremely defensive into interpret any attempts to have a thoughtful inquiry about the best next steps regarding this price process as a criticism of his administration. Well to that point and then Jeffrey do you go along with this reading. Because perhaps of essentially a lack of national strategy on this trump is happy to play this. Blame game you know. He's got governors Left and right. Oh it must be said in his in his crosshairs. Is that what? He's decided his way to deflect that. Scrutiny that you mentioned that is to simply turntables on a on governors and of course the regions and say you know. These are the people who are letting the nation down. There's no doubt that his intention is to declare victory and then point whatever bad fallout transpires. And of course they're always been already been thousands dead point two governors and say it was their fault. I think that's clearly. His strategy take responsibility for the good stuff for the progress. That's been made and place responsibility for all the bad stuff on the governor's and we're already seeing him. Turning this debate into a kind of culture war. Such that one's position on the lockdown Will be a matter of partisan affiliation so It was so striking Lake Friday that he tweeted out. Liberate Minnesota Liberate Michigan Liberate Virginia What's he talking about? So He's essentially encouraging the public to disobey State Public Health Advisories and stay at home orders. Many of which his own administration Encouraged the creation of and. I think it's important to remember here in the context of the battle against Corona virus. That it it's not about you when the government tells you to stay home of it's not about restricting your freedom in order to make your life go worse. It's about the moral obligation. All of us have not to endanger one another by spreading the transmission of the virus and thereby risking infecting others and therefore risking the overwhelming of hospitals and the fact that he couches it in terms of liberation That he couches this requirement that people look out for one another in the community is tantamount to oppression is is so striking. I think one of the worst things I saw in the last few days is a quote by Stephen Moore. Who's of one of the White House advisers to trump on corona virus new called the protesters quote? Modern Day Rosa Parks. They're protesting against injustice at a loss of liberties and quote. Rosa parks being famous civil rights activists of the African American woman. Who In nineteen fifty five famously sat at the front of the the busted. The whites only section. Right it's just absurd to be calling people who are literally endangered one another Tantamount to Rosa parks. But that's where we're at. That's where I'm struggling through the process. That comparison in my mind Jeffrey. Let's move on just in terms of I mentioned rounded up this show. It's hard to see that trump has anything other than the general election later this year In his personal crosshairs. And you can see how this fits his old narrative his this this rabble-rousing citing the second amendment in tweets. And this stuff you said about oppression and liberation again designed to play too and I use the quote marks his base. Do we know how both his really hard coal committed supporters Following him suggestions are that his poll ratings are are off amongst that demographic but with anyone who may be I don't know if flip-flopping little or or or or open to possibly voting Democrat in the Autumn House this actually playing this narrative especially this crazy new authoritarianism. I guess you'd call it. I mean what's striking about these? These protests does that. They're certainly attempting to appear. Grass roots. There certainly the kinds of scrappy movements of people that suggests that it was a a bunch of people on who just decided to get up and go out in protest. But if we've learned that's not quite true. We know that. For example the Michigan protests were explicitly funded by organizations like the Michigan Conservative coalition. The Michigan Freedom Fund of quite striking that the Michigan Conservative coalition also goes by the name the Michigan Trump Republicans according to the Washington Post. So it looks like this is not really grassroots. It's what we would instead. Call ask her turf. Fake grass roots at a concerted attempt by powerful interests to make. It seem like the people are rising up. And I think it's a difficult question because generally speaking we're having widespread compliance would stay at home. Orders were not having tens of thousands or hundreds of thousands of people out in the streets protesting relatively speaking. The protests are somewhat small but online. They have a very large presence on facebook. They have a very large presence. And I think already we're seeing the president. You Use Corona virus as a way to whip up agitation against mostly Democratic governor so in Michigan for example. The governor is Gretchen Whitmer. Who's a democrat? Who's been named as a potential potential vice presidential pick for Joe Biden? A very popular Democratic Governor Michigan and she has absolutely in trump's crosshairs in terms of his rhetoric and he's very much Trying to lower her public opinion in the state and lower the public opinion of other democratic governors around the country. And I think it's not that trump oscillates between a mood where he's thinking about how we genuinely solve this public health crisis and then shifts to the political register to think about how the politics plays out. He's I think always in the political register he's always thinking about how this impacts his popularity how it impacts his electoral prospects in November November twenty twenty and it seems all decisions are being made in light of that well given that then Jeffrey. What are the prospects to the US? It's interesting if you track the data points this weekend. It just seems they've kind of another grim allstone North of forty thousand deaths. Which is I think over. A quarter of the global total Three quarters of a million infections which I think is more than a third of the global total feels out of control with his focus so unrelenting unrelentingly on domestic political maneuverings is there a risk that the US doesn't develop a coherent strategy in the weeks. Ahead I mean. There isn't a coherent strategy even now so the president has outlined a three step phased reopening of the economy that he's encouraging governors to to pursue a book. Governors are very insistent that you have to link the reopening of the economy with testing. And we know that there have been considerable. Shortages of testing kits considerable shortages of supplies of the governors have been complaining about this. We know that that particular issue has been a disaster where states have been trying to bid against one another. They've been trying to bid against various government agencies rather than having a unified federal response. And because of that. I think it's going to push the reopening later and later now I think what seems likely is that trump is going to say. We need to do this. We need to move forward and states with trump loyalists as governors will move. We already saw beaches reopening in Florida. Just this past weekend now. It looked like people were practising reasonably good social distancing on those beaches but the point remains that if trump says let's reopen. Let's do it now. A lot of Republican states are GonNa follow suit and then you might have a really terrible situation where you have states that favor the president in greater peril than states that don't favor the president and I think it's just a very sad state of affairs that you have people who like the president who were essentially being lied to by the President about what's in their own Public Health interest in. What's actually going to protect people in their communities. Jeffrey is Great. Salt with you as always. That was our friend. Geoffrey
"stephen moore" Discussed on News-Talk 1400 The Patriot
"Officer Stephen Moore Steven how are you thank Hey I want to respond to the non sequitur by mayor Pete because he said in that well what do people living on the wage gap by a two bedroom apartment the the thousand people raising the minimum wage are teenagers young workers it's a starter job it was never mastered the art has also all the numbers are vast that majority of heads of households with Americans who are the major rather her mother in the minimum wage showing that they I mean and I think mayor Pete is small enough to understand that but but you are using this is kind of political propaganda and that you know I'm sick of all you do with the alleged by the way you're exactly right about the job losses the people who lose their jobs of the of the least skilled a young people you know I I always tell people you live two teenagers who I love very much but I don't think I would ever present fourteen dollars an hour you know so I was just looking at a column I wrote some years ago Steven about a Jonathan Gruber and Paul Krugman two of the most prominent economists in the country and both of them wrote negatively about a minimum wage some years ago both of them talked about how it destroys jobs now put when it's done a one eighty because of that card Krueger study that it's been pretty much I in my opinion rendered not credible by most people to try to replicate the results but he has done a one eighty but are back in the day he wrote books and said that when you have a minimum wage hike to destroy jobs well look at all the other thing about minimum wage is that because we have a booming economy right now look you're not everyone wants high wage workers I want American workers to be the highest paid in the world and we are cheating not by you know it's our tax cuts through a very tight labor market you know there's you saw that tackle bells nothing a hundred thousand dollars a year for their manager knows our people and in many cases we started out you know flipping burgers or you know lowly kako is another making you know big box and you do a lot of their service to the young people and people starting up their careers if you take away the minimum wage jobs I don't know about you Larry but I remember my first job I was working in a warehouse you know stopping packages and I was on the two dollars and ten cents an hour but what I learned a lot about job there was the first job I ever had you need that much money white privilege we give you could you tell me the status even more quote the living wage movement is simply a move to raise the minimum wage is through local action so what are the effects of increasing minimum wages any econ one a one student can tell you the answer the higher weight reduces the quantity of labor demanded and hence leads to unemployment end of quote what about your went and quick question even more well with whom do you think said that actually I thought that was you know say at Paul Krugman nineteen ninety eight he he even he he even dismissed the card Krueger Krueger study instead in controlled experiments the positive effects of minimum wage we're not replicated well a lot of also the one who said that if Donald Trump was elected president because the you know stock market discussion board last for you know a decade and we have the best stock market outlook but I do want to address that issue that you worry about this this study that says raising the minimum wage loses a big races out the number of people commit suicide and I had exactly the same reaction that you that I guess great minds think alike how could this possibly be true when we help one of the major causes of suicide is when people lose their jobs and don't have employment feel worthless and so we know what you put you know you you'll connect out very well he raised on page many people lose their jobs one of the oldest of the more likely to commit suicide all of the world can raise in the minimum wage reduce suicide I mean it's it's a there's another non sequitur full I'll give you another close even more this time I'll tell you who said it had a time this is Jonathan Gruber the father of a bomb the care well let's say the government rolled in and set a minimum wage workers want to supply more hours than firms want to hire you end up with excess supply and we call that excess supply unemployment in the quote the father of about it here yeah it is that the guy that might yeah in my team John John Gruber yeah well that these guys you know they played sacrifice their economic principles to be politically correct but you know what we've got an economy that's doing well right now wages are going up you know I'm the one who wrote in the Wall Street journal a month ago I looked at the centrist rotator average family median families in the United States median income you know that means half or above an apple Ballala talking about you know Tom Brady and lebron James and I'm not talking about you know one Bob that medium family income over the last three years is up five thousand dollars in real terms that's a big that's your goal should make that scrubs but that any problems for a lot of families my guess is economic professor Stephen Moore up Stephen let's talk about the the the trade deal with China and the U. S. M. C. we only have a minute left yeah I love it I think that the China trade deal you what I've got discussions about this before we were skeptical that very all those off and I look I was skeptical pill but you gotta admit this is a pretty good deal is it for you chart toppers years these terrorists to force China to lower their Kerrison open up their markets they're gonna buy two hundred billion dollars more of our project of our products if they abide by the deal you know that's a pretty good deal I think and I did talk to the big winner here what about intellectual property theft well you know with their some progress and then there were tried China has promised to you know to do something about it but you know Larry I don't believe for one minute general Steven Steven Moore thank you very.
"stephen moore" Discussed on 600 WREC
"You and Arthur Laffer and Stephen Moore wrote together again March of eighteen you took the job six weeks later when you pull back the terrace earlier this week delayed them until December isn't that an acknowledgement that you're convincing the president that terrorists are tax hikes well let me say a couple things I'm mad at strictly business we our group was referring to the steel tariffs but but I I think China is very special situation and I think president trump is working hard to defend the American economy against unfair trading practices and unlawful trading practices and intellectual property theft and force transfer of technology and so forth China is a very special case and we have to defend American interests whether it's farming or manufacturing or automobiles or technology you know this story you've been covering it so regarding terrace I will say this what president trump is sought me and others and I think there's a consensus rowing a bipartisan consensus growing the China story has to be changed and reform what we cannot let China we cannot let China pursue these unfair and reciprocal trading practices Larry Kudlow the president's chief economic adviser much appreciate you coming on and sharing your views Sir thanks very much I I do of how fast that ended did you notice that it's like okay well he's defending this well let's we got to go to break yep yeah I got a break right now yeah it's just we can't we can't have this out there we can't we can't have this out there five three five nine seven three two mark here on the Ben Ferguson show hi mark how are you good afternoon I'm gonna talk to you thank you couple things one thing that's interesting in relation to the democratic the approval and a democratic his strategies they just need to really remember you know at least at least locally especially our local constituents if government employment opportunities here in Shelby County go to this minimum wage that there advocating I don't know if that financially they're demanding your time out fifteen dollar minimum wage right right I mean how could how could all these people in the city it's full of blue not acknowledge that this president is doing a great job because the top of the government the president is allowing in creating opportunity for an increase in wages in government all right if that trickle down to us such a poor circumstances is the Shelby County I compared to the rest of our state the people are able to rise up they need to remember that that happened under president trump if there's a wage increase that potentially occurs it's because the economy is doing that well that we're able to have government employees create a surplus little opportunity I mean sure that is right yeah but think connection will never be made because Donald Trump is always evil because he's the Republican guy and therefore he's evil mark that's just how it works five three five nine seven three two it's a Ben Ferguson show all right quick reminder if you miss the heinous members from report from earlier today we'll have that for you coming up next on the Ben Ferguson sure six hundred of the RTC ninety two point one FM this.
"stephen moore" Discussed on News-Talk 1400 The Patriot
"Or before Stephen Moore withdrew his nomination from federal Sir Stephen Moore but the voice of the economic side of the trump administration has been people other than Mr cost I'm not saying he's not doing a good job something to be happy with them that white holding a press conference well because he was a US attorney in a Florida district when the deal was cut that essentially gave Jeffrey Epstein what many people reasonably considered to be a slap on the wrist he was charge by several women several offenses having to do with sex with underage women sex trafficking any ended up negotiating a plea deal no federal charges only state charges and he would serve eighteen months in prison he ended up serving thirteen months under very nice conditions conditions that across the city had no control over so cost at a press comes today because in this me to era plus the trunk derangement syndrome this is the perfect storm you can't get trump on corruption on collusion have Mabel Neelam on the monument cost him be able to get his tax returns have been able to get him to resign or to get the location a twenty for the member because he's mentally incompetent have been able to get elected or is to refuse to certify the election so so what's next now I'm not saying that it is not a legitimate beef get these victims have that at least they should have been apprised about this sweetheart deal in appears at this deal violated federal law across the date today at his press conference said well it was consistent with policy office policy so how can something be consistent with office policy if it violates the law and he said that the judge who made the claim that he violate that that it that that this violate the law his opinion ice mistaken now a brief I'm selling all this before I play parts of the Acosta very very lengthy press conference I'm trying to figure out why this is more news worthy that a cabinet member of the trump administration when he twelve years ago was a US attorney in Florida negotiated a deal that now in retrospect is not seem to be a good deal this is the person who the news is focusing on rather than I've seen the victims and the fact that Bill Clinton flew on the esteem private plane numerous times this is before I actually became a convicted pedophile file registered sex offender but before that the assumption I suppose is that as Bill Clinton put out a statement yesterday he knew nothing at all about the behavior of Alex Acosta to me of of of Jeff we have seen and does speaking of Mister Epstein reportedly in apparently it's been confirmed that the trump administration the that that Donald Trump as a citizen a barred him from going to Mar a Lago in Florida because of allegations of his behavior before he was convicted so how this is about trump has to do with trump derangement syndrome Acosta is a cabinet member who cares if you that's got an obscure cabinet member I can't remember nobody ever heard of until this happened he still is part of the trump orbit and let's just try and see we can't throw some dirt up here here is what a Costa said in his opening statement let me start by reiterating that I'm pleased that the New York prosecution is going forward they brought these charges based on new evidence against Jeffrey Epstein who is now a registered sex offender and this is a very very good thing his acts are despicable and your prosecution offers an important opportunity to more fully rang at Steen justice in two thousand eight major newspaper describes yepsen prosecution like this a Florida grand jury that is a grand jury convened by the district attorney of Palm Beach county I charged up steam with a lesser offense at that time the esteem legal team was elated he would have avoided prison altogether but then the United States attorney's office in Miami became involved that scene got an ultimatum plead guilty to a charge that would require jail time and by distribution for face federal charges and that was the week more than ten years ago that Eckstine went to jail times have changed and coverage of this case has certainly changed since that article facts are important and backs are being overlooked this matter started as a state matter who has prosecuted initially by the state of Florida and not by the US attorney's office in two thousand six a grand jury convened by the state Attorney the district attorney of Palm Beach county review the evidence and recommended a single charge and that charge would have resulted in no jail time at all no registration is a sexual offender and no restitution to the victim further the state attorney's office allowed Eckstine to self surrender and arrange him the following morning simply put the Palm Beach state attorney's office was ready to let Eckstine walk free no jail time nothing prosecutors in my former office found this to be completely unacceptable and they became involved our office became involved secures as this two thousand eight article recounts presented the ultimatum guilty to more serious charges charges that required jail time registration and restitution or we'd roll the dice and bring a federal indictment without the work of our prosecutors Eckstine would have gotten away just that state charge now many today question the terms of the ultimatum what's called the non prosecution agreement good prosecutor will tell you that these cases are complex especially when they involve children and even more so in two thousand six now the question is did this press conference save Mister Costas job the president said he's done a good job as labor secretary and then we'll have to see so who knows what this means he of course is expendable everybody in the administration other than the president is expendable Mitch McConnell claims that he and rock Obama has something in common they are both descendants of slave owners Cory Booker's head almost exploded.
"stephen moore" Discussed on 760 KFMB Radio
"Even more joins us our official. Economists more backs out has fed candidate is the above the fold headline remember newspapers. So this fed and things seemed like a good idea until it wasn't what happened if it's degenerated immediately into insults and personal smear campaign against me or documents and humorous pieces. I've written twenty years ago. Mitch s was day after day after day today lose I mean, the left is very well organized at the point where I just didn't wanna look at my emails in the morning. What's the latest women? I hate blacks eight you, Jim seven sixty talk and breaking news. The good person. Oh, that's a shame that Steve Moore got kicked out of the fed running. Because of stuff he's Britain in the past, which is really nothing. Eric who was the? I thought the story Herman Cain. Okay. Remember, Herman Cain? Herman Cain, Herman Cain, twenty twelve. Right. Yeah. Yeah. Yeah. What was that one eight eight thousand eight twenty twelve twenty whatever. So what's right with the pizza? What was his big policy? Oh, it was something. Flat tax wasn't your coughs. Close 'cause it's never on the. There was a certain type of tax plan that a nice catchy name to it. Oh, man. It was a certain number. I don't remember blank blank blank plan. No. It's not ringing any bells. I've got no. You did really good so far, but probably would pizza nine nine nine. Forget what it even was nine percent income nine percent sales nine percent corporate. Maybe something like that. Yeah. If it would work, but it doesn't just sound like a lot simpler. Yeah. I like the premise of it, and whatever, you know, right? A worthy conversation to have. Breath unwrapping, I'm the last segment here. I got an idea. Herman Cain because Stephen Moore was supposed to be fed chairman, and he took his name out of the running and Herman Cain was one of the other guys. I'm a red line about Herman Cain being nominated for. The Federal Reserve Board chuckled a little bit at it. Why Herman Cain all the people got Herman as Fox News. And then they're always articles like people like all it's the most ridiculous thing. Trump's in idiot. Bubba Herman Cain was here. This is Paul Krugman called Cana clown an incompetent dishonest hack, outrageously irresponsible pick. Yeah. Whatever hurricane for two years was the chairman of the Federal Reserve Bank of Kansas City, and then the deputy chairman for two years before that. So I'm looking hurricane. I think our pizza guy. Funny, kind of quirky candidate nine nine nine tax plan. Weirdo guy, who's now hosting a radio show. What we are always actually like one of the more qualified people for the job. Yeah. He's got experience in that particular job. Yeah. So it's funny. How things can be framed. And you get good people like Steve Moore who get kicked out because people only because we got you got to blow them up because he agree with them. Yeah. That's going on the economy is absolutely on fire. Best since nineteen sixty nine best for women's nineteen fifty three. Best jobs, look picture, sixty nine. And this is outstanding. I mean, this is so great the last thing that they had was the taking of the economy, and they didn't get it. So I don't know what they're gonna do now to Blasio's getting in the race next week, right? Wow. Why who's devising have on people are calling? He he is he's he's jumping in the race next week. So this is just this is phenomenal. I mean, this is this is going to be great. We are. You're just gonna have nincompoops dopes and reprobates on parade when it comes to economic. Any of them any of them is. Okay. So these numbers, but what are you doing surpass them? You have no excuse if you're not working in this Connie. The those numbers are only benefiting the wealthy. We need everyone to feel good. Growing a very good point. There are so many hedge fund managers working in manufacturing these days. I mean, it's a remarkable. They're the ones truly give me a break..
"stephen moore" Discussed on KLIF 570 AM
"I'm gonna make it through this process. And we have one other person he has to put on that board Nansen interview. Stephen Moore did for ABC's this week on Sunday. Now, he's withdrawn himself from consideration for the Federal Reserve Board. Bob Costantini, live at the White House with more on why he made the decision morning, Bob. Only the realization of a reality that again, the reading tea leaves whatever he wants to Stephen Moore founded the club for growth fiscal conservative person and the president. Apparently, there's already pull him from consideration whatnot nominated to sit on the federal or board. But he please. Writing. So the previous comments is raining than didn't necessarily -sarily believe in democracy thought that leaving capitalism was much more important than believing in democracy and things about women came back to sort of onto him in this and almost immediately by the way, once the president had tossed up his name as a possible nominee for the Federal Reserve for an Ally McCoist Africans in the Senate where he would have Luton firms decided that they could not support him onto female senators in particular. Made shows the fact that they would not support him because of his past writings some national review online regarding women he didn't like women commentators on sports programs. He wouldn't let his weight father. And during the basketball how it's basketball season some of those things that he said, well, just two thousand. The way we'll all ingest about a lot of that has come back to be problematic for him to the point where he just decided he wasn't that have the support in the Senate to be approved. All right, Bob. Thank you very much. And appreciate it. And have a good weekend. We this the in this day and age you cannot send to a high government position in Washington. If you have at anywhere in your past skeletons in your closet considered. What might have been considered? Okay. At the time. It's not is not okay. Now, he was making making fun of women as he said, or, you know, saying he doesn't like women sportscasters. Well, that might have been generally accepted shrugged off at the time. But now that don't fly. Lori lock Glenn. And her husband Mosima are looking for another fixer. I got him in trouble right to high level crisis management executives told CNN that they have been approached by the couple to improve their public image in the wake of the college admission scandals, you gotta know what a high level crisis management executive is. But it you tell me it's like PR tries to clean everything up. Yeah. Lachlan has been having some preliminary talks with some top crisis management firms on what she can do to change the public perception. One of the executives told CNN, I truly believe she thinks she's not going to serve jail time and return to work. I don't think that's gonna happen. What she she doesn't seem to have a firm. Have made is going to do jail time. And she she did it she won't do anywhere near as much time as Lachlan most likely this executive said Martha Stewart's comeback after her legal troubles were they talked about that in their conversations, and that Lachlan is agonizing out how to repair her reputation. It's killing her squeaky clean reputation. She apparently reads everything that's written about her. Well, that's the first mistake there. He's already thinking about how she can turn her image around. Why can't find any fault with that? Just you shouldn't have gotten involved in paying some guy half a million dollars to do something on the hand cheese. Okay. Yeah. Martha Stewart discount. Just kind of came back that you know to prison you see her walking along the fence line, picking flowers telling people how to clean their bedding and stuff like that. It is eight forty five. Let's get an update on traffic.
"stephen moore" Discussed on KTAR 92.3FM
"Or to his liking. Stephen Moore has withdrawn from consideration the nomination in trouble. Since the president announced it in March election sparked backlash several Republican senators publicly expressed concerns about Moore's nomination amid controversy over his past writings and statements about women more insisted in an interview with the Wall Street Journal Thursday morning that he was not pulling out of the process ABC's. Karen Travers with Kerman canes dropping out earlier. This is the second time in two weeks. The president has lost a fed nominee after attorney general William Barr, refused to show the House Judiciary committee made contact with special counsel Muller's team about getting him to appear during Wednesday's Senate here, and it was divulged bar knew about mothers criticism of bars summary of the Russia report, but didn't tell house speaker Nancy Pelosi says that opens bardo impeachment attorney general of the United States of America is not telling the truth to the congress of the United States. That's a crime the Justice department called the comment, reckless responsible and false. The government reports on April unemployment on Friday optimistic economists expect to see creation of one hundred eighty thousand jobs, we've been getting wage growth along the lines of three percent. Plus that's a reasonable expectation with the job market as tight as it is right now Bank rates. Mark hamrick. Unemployment her three point eight percent. They've been waiting for seventeen years the cicadas. Brewed eight or about to emerge in western Pennsylvania. Parts of eastern Ohio on a small swath of West Virginia. They're quite the site with those bulging red eyes loud too that mating song, but they're harmless. Existing only to mate, they die shortly after mating. Their orphaned progeny will head underground emerge next in twenty thirty six. You're listening to ABC News. Arizona's.
"stephen moore" Discussed on Bloomberg Radio New York
"In our Bloomberg interactive brokers studio, like everyone in New York very much missing us. I know we'll be back before too long guys. Nobody dry your dry your eyes, Alex, especially you Karl. We know we feel Carl sitting and Carol C. So, yeah, we're mixing just got real this agenda retraining places securities trading places. All right. So let's talk a little Stephen Moore that obviously is far and away the big story. Among folks, watching the fed world the economics world today car. What do you make of it? Well, there was a lot of questionable commentary that kind of loaded the made it a very loaded fed pick. So, you know, President Trump is clearly trying to go in a different direction with the fed nominees and really kinda go outside of the conventional realm. Both of his picks Herman Cain and Stephen Moore fell through. But that doesn't mean that we won't see more kind of contrarians nominated for these positions. I think he knows he can't go to outside of the lane going forward. But that does not mean we're going to see some group thinkers nominated to fill these vacancies. And of course, the news is that of Stephen Moore that was one of President Trump's pick for the Federal Reserve Board of governors is pulling out of consideration for that job. We caught up with him Bloomberg television caught up with him today in an interview. Here's what Stephen Moore had to say, I I would probably be in favor of repealing that rate hike, which was what I think twenty five basis points. I I'm not so sure I agree with the White House that we should cut rates by in untitled percentage point. I mean, I don't I just don't see the case for that right now. All right. So Stephen Moore today to interview on Bloomberg television. I mean or before he. He pulled out. Yeah. So I mean, you know, it's funny. Our producer Paul Brennan kind of saying, you know, you do wonder this guy not want the job. And that's why he said something like that Karl I think that it was becoming very clear to him that he was becoming radioactive as a choice. And so it was kind of you know, agreement you know, he said if he became radioactive he would withdraw. He didn't want to cost a Senate seat by continuing with his candidacy. So I think maybe a mutual agreement between both him in the White House. But I mean that is very strong medicine that the president is suggesting the fed follow in term Ray. Now, not only the rate cut shore where in a mature cycle. So, you know, moving rates won't have disastrous economic consequences, although that will further stimulate things like auto sales and housing which you may need to stimulate in the next economic cycle. So there is a case. Be made at this stage of the game to keep the powder. Dry. And when you're cutting rates by a full percentage point, you're not keeping the powder. Dry. More. Disturbing is to go back into QE, right? The the economy does not need quantitative easing at this point in time. We don't know fully how that tool works or what the upside limits are the fed can't expand its balance sheet indefinitely, and if we're using QE now than when a recession does eventually come. We're going to need a lot more QE, and we could go dangerously close to the limits of what the fed could administer. And we don't have a concept of what that upside limit is will know when we get there. And when we get there, it won't be pretty so Alex come on in here because the market what is it saying alternately about what the fed said, and what may happen next as especially as we sort of digest what we heard from chair Paul yesterday. Okay. Well, first of all in terms of what chair Powell's said yesterday. What we're seeing today is a lot of those bats that traders were making the front end about rate cuts. Those are getting pushed out so you're seeing you're seeing a bit of a rinse out of some of those who thought that would be you know, the ever be cutting rates by the end of the year. So those are getting pushed out bit in terms of what Karla Sahin about QE. Let's not forget that at some point. Once the fed has found that level reserves that it's comfortable with that. It's going to do what it can to keep that level steady. But currency's going to continue to grow liabilities are going to continue to grow and the fed has to come back in and start buying treasuries. Again that in my book. Yes, in might not be, you know, considered stimulus. But and we're not at the lower bound that's still QE you're still coming in to buy treasuries and Liz McCormick. And I are working on a story very much about this issue, which is at what point is the fed actually. Have to come back in and start buying treasuries. And a lot of people are saying that's twenty twenty issue. But there's a very big risk that they could end the balance sheet on wind on the treasury side in September and October. They're buying treasuries. Because there's a lot of issues now that are going to stress the front end they're going to stress the fed funds rate, it it's really going to test the funding markets, and they might have to be coming in here in order to stabilize it could be treasuries by the end of the year curl UC that well, there's an important distinction here. Because absolutely the economy grows fed balance sheet is going to have to grow with the fed has made that that clear, and that's going to be mean, adding more assets presumably treasury, so what my colleague is describing here. Could be called QE the fed and treasury will not call that QE. Even though I would tend to agree that if you're buying assets that's quantitative easing. So we'll call it QE. The fed will say absolutely not that it's not QE. All right. Well, thank you both so much Alex Harris reporter for Bloomberg News Corp chief US, economists skews me for Bloomberg. I can't even say 'cause you're sitting carols jerem, so distract trading. Places security. So we should also mention that Bloomberg's Mike is going to be sitting down with Cleveland fed president Loretta Mestre tomorrow from the Hoover institute policy conference. We're gonna carry that live at three PM Wall Street time on Bloomberg radio and television, so relevant. 'cause it'll be interesting to say, especially when you just hear the debate we got from Alex and from Carl it'll be interesting to see what she has to say about some of that. And also coming off the jobs report and kind of where we are coming up the fed meeting. You know, you just saw the market reaction to that meeting. I it was dovish than not so much. So I think we need some clarification, and we'll get that from that conversation. All right first. Now, let's go to moon. He's got some world and national news kitchen, Carol. Thank you president Donald Trump's selection for the federal. Reserve Board of governors even more abruptly pulled out of consideration for the job today. President Trump's announcement on Twitter came just hours after Moore had insisted the Bloomberg news that he was all in for the central Bank position. I sure am. And in fact, this is going to be probably three month process. So a lot you know, what the situation today, I think is going to be a lot different three months from now. When I go before the Senate and the banking committee in the full Senate. So I'm not too concerned about this Moore, then cited unrelenting attacks on his character that he said, we're untenable it's not clear what happened to make him change his mind between the interview and the letter to President Trump Trump said in his tweet that he is asked Moore to work with him toward future economic growth in our country. Vice President Mike Pence put his focus on recent attacks on worshipers today as the White House hosted a national day of prayer service in the rose garden. No one should ever fear for their safety in a house of. Worship in America or anywhere in the world. Spoke of the power of prayer to get through difficult times. President Trump at it something else to the list. People say, how do you get through that whole stuff that you go through those witch hunts and everything else, and you know, what we do like, we just do it. Right. We think about God. Among those in attendance, rather us real Goldstein who spoke about the deadly shooting at his San Diego area synagogue last weekend. The way we act darkness is with light. It was that moment admitted decision. No.
"stephen moore" Discussed on Bloomberg Radio New York
"Began Stephen Moore declaring the morning that he was all in as President Trump's choice to join the fed board of governors despite stiff opposition even from Republican lawmakers on Capitol Hill. Just because a Senator today says they won't vote for me doesn't mean free months from now they want that it's going to be a different world in two or three months from now when this comes up by this afternoon, he had withdrawn from consideration complaining that there were unrelenting attacks on his character that were untenable the president announced his withdrawal, by way of Twitter. President Trump invited religious leaders to celebrate the national day of prayer with him. Bloomberg's Irv Chapman reports from the White House. The president denounced the perpetrators of recent violent attacks on houses of worship around the world and brought on two men who pursued the gunman in powei, California. And the rabbi we will fight with all our str-. Strength to defeat anti-semitism to end the attacks on the Jewish people and to conquer all forms of persecution intolerance and hate the president also told the faith leaders he was amending regulations to allow physicians and other health professionals on charities to avoid procedures that violate their religious beliefs such as abortion at the White House, Irv Chapman, Bloomberg radio. House. Speaker Nancy Pelosi is asserting that attorney general Robert William Barr, I should say as committed a crime by lying to congress at a news conference today. Pelosi ramped up pressure on bar who boycotted a house hearing. But testified for several hours yesterday to a Senate panel about special counsel, Robert Muller's report.
"stephen moore" Discussed on Slate Money
"Stephen Moore made in the national review. What she explains that verse the pay gap is a myth, then he says actually women are paid slightly less than men. But then he says he says if it ever happens that women make more than men that would be a crisis. And then he says, but it's everyone gets paid too little. And then he says, everyone he means men men. Are the ones who get paid too little and that's the real problem? Okay. That's dangerously close. Let's let's keep this right at being a woman problem problem that affected women and not men. Story stories and number one don't read Stephen Moore. A syrian. Amazed. I was like what we number two. If insofar as I was trying to imply like. Also victims. Very. A lot of wage gap is a myth books to try to understand what possibly be the other side. And sometimes I'd get to the middle and be like. And then they would always come in with okay. Fine. Paid less, but society depends on women being paid less. We're gonna. Like, this bad, and it shouldn't. Interesting. I want to be clear that these were all terrible. And I was briefly hypnotized because I'm not discriminating enough. But by the end, I always the number one rule. You just always have to bear is never read, Stephen. Basically backs. Slate. Lenny is sponsored this week by ship station, which is.
"stephen moore" Discussed on News-Talk 1400 The Patriot
"One live left that I'm going to fill it in a nano second right now because I'm gonna ask a question about I don't know who he is. I follow him. He's roby. Stop Bach on Twitter. We have to find out who use any. I've just read tweeted something he's got. This is. Beta Beato Roque has just said the following seeking to ban people of one religion what other country on the face of the pennant. Does that kind of thing? And he off he points out what I'm gonna put out the fully nobody is banned from coming to this country because of their religion, nobody, okay? The seven countries identified by the Obama Obama regime as hotbeds of terrorism had that access to America suspended, temporarily not religion, and then Robie ads this priceless. Beta doesn't know that is Rayleigh Jews of banned from fifteen Muslim countries and another eight ban anyone who's ever visited Israel. So I'm off the question who's the big imbecile ocasio Cortes Obeida Beato? That is your question of the day. I know I know it's a toughie. But that's all question. Eight three three three three golca eight three three three three four six seven five two. We have a guest in the ACC, we do this rally. But when it's important we break own rules because hey, we wrote them, and it is Stephen Moore follow him, Stephen h mole. He is the author of Trump a friend of this show. He isn't a communist with the Heritage Foundation. The mothership of conservativism he writes, the wolves regional and guess what? Ladies and gentlemen. He must be doing something very, very, right. Right. Because the left are coming off the him. They are smearing him in the last two days in disgusting ways little bit like the way, they smeared me and my family when I was in the White House. Could it be perhaps even related to the fact that the president has nominated you to the board of the Federal Reserve could that be a connection? Thank you so much for having me on the show. I was so honored when I got this. Call and congratulations congr- we have when we heard that. We were very excited. For all that Jackson personal on. That. An amazing the well-wishers I'm just so gratified for all the people said things about maybe the people said pretty pretty nasty things. But, you know, here's my point about this that, and you know, you can you want the same thing. I don't have any problem with anyone challenging economic ideas. Bring it on. That's why wanted this job. I wanna lively debate about how to create jobs out of crate price stability, how to make our economy works. But what I will not tolerate is these personal insults against me. Smear campaign looking divorce wrappers and things of that. I I I don't want people to read this stuff, especially because it's coming from the God in the most Comey rag in the UK possible, but you have been nominated to the Federal Reserve. So what's what what what are they doing digging through your divorce records and talking about what receipts were laying around your house, and who want t shirt, I mean, the point is key. Let's talk about policy county, Stephen because they'd lose that argument. And they won't. And so that's been what's been really frustrating to me Sebastian is that you know, I wanna I wanna talk about the canonic I worked as as you worked at senior security analyst for president. I worked with one of the senior economic advisor them damn proud of what we've got. I mean, you've got the jobs report today that had a hundred thousand jobs. I mean, I saw the president couple of weeks said Mr President stopped breathing somebody down. We don't have enough people to vote. But let's not forget the other detail not only two hundred thousand jobs created in one month, but whose wages are increasing. The mazing your number Sebastian a couple of weeks before the election. It was it was Barack Obama or said, you know, he's got great jobs and bring all these jobs back, you know, and greed, manufacturing jobs. I was gonna do that wave. A magic one guy. Where we are. Now, you the one who gave him his one. Is it you Stephen Moore was that you. Did you give him that? Magic one somebody that. For me. Just I mean you, and I talked about this so much during the campaign when you replace a community organizer where somebody who actually the business has actually done a payroll, right? He's actually met a payroll, right? Shoutout Herman Cain. You may have seen. He waits for the s he's been appointed for the report and boys the left wing. How can they be on that they don't have PHD's economic? The only thing economic trouble. The only thing the only thing that could be moved out and people did this off the ambassador Haley step down. And they said Gorka should be UNM Bassett. I mean, that's the same kind of the UN would have caught a flame. If I'd step into that building. But having you in home and going to the fed. Know, the loves you. And I just think that this guy is, you know, with the economy, and can you really I the Trump was going to be successful. But I didn't think it was gonna be like. In us. Not even Reagan was able to do it that quickly. I have one question for you. That's talk about economics. Does lots of theories out there right now to why the president has given Mexico a year to fix things is it is it because he wants to guarantee that the economic growth continues on feted was that the issue is their connection is an economic argument behind his decision. Do you have a sense even more? On the border. Yes. Yeah. Well, look, I'm an economic not a security guy. Obviously, I agree with that we have to score border. But also, I mean, we do a lot of commerce with with. I've been down there on the border a couple of times there are many areas of the country and in California, Texas that that depend on the commerce between Mexico and California. So I think it was you know, I think this guy master negotiator. That's one thing that right? I mean, you wanna understand down south? You gotta read the book. This guy knows the of the deal. And I think he was basically telling them actually get your act together. We're gonna show just he's doing by the way, if you noticed Sebastian. This is exactly what he's doing China. Leverage to get a good deal. I think we're gonna get good deal China. And by the way, you think the enemy strong now. Wait till we get the yield on with China. Well, van if I may this is we we don't quote them. I don't think we've ever quoted in three months, but this one New York Times, China has banned all types of feno now that only happened because of Donald Trump nobody else. Of course. I mean, he using used to say to me, and we can't trade with China. We sneeze if they catch Ray without today catch pneumonia, and he's using that leverage to get a better deal with China. I I don't free-trade guy. I disagree with them. You know in some of those I'm not a big deal since but I'll tell you this. I love what he's doing in terms of getting China. I think most Americans agree that China has become a major problem for the American economy. They cheat. They steal that. We're in a Beauce of relationship, and he's the first husband and lifetimes stance ODA till Beijing and say, no more, and you know for that. I completely applaud and getting up your free trade potentials, no free trade with the country that she steals, right? Yeah. Absolutely. I look I discuss this in my book, why we fight China is the only strategic level threat. We face will deal with all the others, but they wanna take us down. And this is the first man since Henry Kissinger who was read them the right? Act and rightly so we have been talking to Stephen Moore follow him on Twitter at Steven with Stephen M,.