17 Burst results for "Stephen Moore Stephen"
"stephen moore stephen" Discussed on 77WABC Radio
"It's 90 our day of the election. Which way is the economy going? So both teams economy so go here. Less than many things and many are talking about today is one of the country's leading economists and advisor to the president. We have with us Stephen Moore. Stephen, How are you this morning? I John. I'm doing well. Thanks for having me what's going on? Well, I think the big story this week, John and for the week ahead is what's gonna happen with the so called Pays for stimulus negotiations. They are not going well. Nancy Pelosi has dug in her heels. She thinks she has trump behind the eight ball. She, of course, has a $3 trillion by the way, said three trillion with a T, not $3,000,000,003 trillion plan, which was basically just Pour money into the coffers of all these left wing interest groups. It's not a stimulus spell. It's simply a away to a reward Allah for donors. It's money for the Illinois you know, pension system and environmental groups and etcetera, etcetera, etcetera. Donald Trump wants to cut taxes He wants to deregulate. He wants to provide a shield. Our employers, so they don't get sued. Every time someone gets sick, Hey, wants health care transparency. So hospitals and doctors and drug companies have a lot of patients know what things clocks. He has an arsenal of good ideas. John. Here is the problem. Nancy Pelosi says no to all of those sex. She doesn't want to do anything. In my opinion, an opinion of the folks I'm talking to at the White House. The last thing Nancy Pelosi wants is a healthy economy in the fall because they want to win the election. So there's a lot of talk now on one of the things I've been advising the president, look go around, Pelosi. Why don't you do as much as you can, Mr President. Through executive action on then forced Pelosi to try to stop you from doing it, and I'll give you one quick example on the payroll tax cut, which is something you and I have talked about. In recent weeks on this, Donald Trump is very much in favor of Pelosi does not want to do it. Why doesn't Donald Trump give a major speech? The American people say I'm going to order the Treasury Department next week that stop withholding payroll taxes from workers paychecks to provide the must stimulus to put more money in their wallets? Of the 150 million people are working, and I'm gonna just I'm not for the rush of the year and that left Pelosi tried to stop him. I know. In other words, Trump has to take the offensive here Is he allowed to do that Mr More years while he You cannot. You cannot stop the tax because obviously, that's something that you enacting the law. But he has the right on. We're getting some legal opinions from White House counsel. It appears that he has the authority to defer those taxes. So in other words, he could say. For the rest of your workers are differed from paying attacks. Now, that would mean they'd have to pay the tax later. But here's the catch job. Let me know what you think about this what I'm going to do if I were president Trump work. What were advising him is say you're going to defer the tax and then tell the American people if you re elect me in the November I am going to the first bill, I will sign. In January 2021 is to cancel those taxes altogether. And so he could do that He could run on that against the Pelosi and by Democrats Steve Moore. How did that affect so security patch? Is the federal taxes go away or get hurt? Well, that's a great question, John and what I would advise the president to dio. Is when he issues this executive order to say I have authorized the federal Treasury to issue to the Cell Security Trust Fund and the Medicare Trust one where the payroll taxes go that they will be filled with federal bombs that are carry the full faith and credit of the United States government. So every penny that's taken out through the payroll tax cut would be reimbursed through bond so that there would be no negative impact. No negative impact whatsoever. Made benefits that promised herself security and Medicare. This is something we believe the president could do. He could seize the offensive. By the way. What does Nancy Pelosi going to do if Trump said, says he's going to put this into effect? How the Democrats really go run against a 7.5% pay boost for every working class Americans. I think it's a good time in a very tough position. What would Joe Biden say? So, John, I think this would be a very smart thing to do for Trump. I think it flips the tables on Pelosi right now. It looks like if he stays on the courses on He is going to have to negotiate a deal with Pelosi that conservative Republicans and it's going to split the Republican Party right down the middle. We need to be unified right now. We don't want to be divided. And this is something that could unify all Republicans even more. We've got a minute left. What else would you like to tell you, Marshal people? Well, look, we got this lousy GDP report which was very expected We lost 30% of our GDP. In the second quarter. That's what happens when you shut down the economy. But I want to let people know that that was a rear view mirror view of what happened in the economy two months ago. We are seeing a recovery. John we're seeing. It's not quite as rapidly as I like. But every single week we're seeing more and more people get into the work force. We've got to get America back up and running. No more lockdowns. No more shutting down. Businesses didn't work the first time. It won't work a second time. Ah, and Trump can get the economy on the right course in the wall, and he could get this Corona virus under control. I think he has a very good chance of being reelected, notwithstanding what the polls are saying today. Stephen Moore. Thank you so much for updating me marking people. Thank you, President. You two for the American people, and we'll catch up with you next week on update it's going on..
"stephen moore stephen" Discussed on WIBC 93.1FM
"A million times I think that this this administration this president and the economic plans that he put forward this is the only thing that has sustained the nation for all of this and I guess I just laughed it off in Houston in a democratic jobs that bag is running yes both you know a lot of people screwed up or come out of it I'm not gonna be at the Joe Biden is the one who led us out of the recovery remember he is the one who said the summer recovery number that I well we we have a separate you have a story teller two thousand I would never buy a few thousand down we did that well now we we don't get a summer recovery until two thousand seventeen what does they have got yeah the the economy it's your right it's hard to believe but it is true two months ago we had the best economy in fifty years and and then we got hit by this you know comment about other called Irishman nobody saw coming yeah I've got you we gonna have to do it again we have to rebuild the economy again and folks who do you want to do that you are Donald Trump is doing a businessman to rebuild our economy one thirty one Joe Biden who by the way the Obama policies created the weakest recovery from a recession since the Great Depression that's right that's right Steven Moore the bogus trump an onyx inside the America first plan to revive our economy follow him on Twitter Stephen Moore Stephen always a pleasure appreciate your insight in your time today thank you bye thanks have a great week take care of you DO we have more to come because we also have today in stupidity on the way you don't want to miss a single bit of it as you get moving on our awesome friends I called back they make some of the coolest stuff out there I told you about the P. seventeen because they're focusing right now the bulk of their manufacturing on their hottest selling firearms and that's just to answer that demand so the P. seventeen which is a great big yeah I think it's it you really I mean it's not just a beginner level it's just easy to shoot because it's lightweight and has a minimum requirement very low cost twenty two LR has six at three sixteen run magazines that it sounds worth but the care seven the shocking that they have is awesome well it's simple twelve gauge pump action it's light weight you can use it for personal defense taking a back country and the patented downward shell ejection makes it legitimately ambidextrous and a pump releases conveniently located right in front of the trigger guard for quick easy access and cross bolt safety you're gonna like the ergonomics of this six three inch shells plus one chambered E..
"stephen moore stephen" Discussed on 1170 The Answer
"Two thousand four he's also a thing wishing fellow with the heritage foundation please welcome back to the program the tone of the Stephen Moore Stephen I cannot imagine what you must be going through right now with all the things are happening to all who have lost their jobs all this money going out the door with stimulus you must be you with the exploding I am exploding merry I I think what we've done to our country in the last six weeks is indescribably bad I think history books are going to look back and and they're gonna shake their set and say how could how could American politicians be as stupid as they work to do what we've done we've lost trillions of dollars of help but we've lost millions and millions of Americans into poverty thirty million people in unemployment lines millions of small businessmen and women who are the heroes of our economy lower you know that these the people put their whole lives and their whole life savings in the building a business that every single day Larry I'm getting heartbreaking because the men and women who say you know if I don't get customers in the door if I if I don't get revenues from my business I'm not a business next week and after celebrating I got that what we are doing a lot of stupid things but the main thing is now this is what that report that you just mentioned is about we have to get these business is back open we got to get workers back on the job we got to open up our society in our economy and we got to do it quickly and safely but there are a lot of states that are dragging their feet you know Stephen I'm watching a lot of cable television and looking at these are cable TV host with their seven figure salaries still broadcasting from the basement their studio basement in the home that we have to commute to work anymore and they're sitting there **** and moaning about some state to reopen their economy because they say if they're responsible easy for you to say exactly you're so right about that Larry impact another column I just woke up today I made exactly the same point you just made you know I hear these university professors and the people in the media and government officials say well I know it's an inconvenience to keep the economy shut down for six weeks but that you know well we'll get through this and say as I have the exactly the same you know a reaction that I in but then when I say well without the gift economy re opened you know these these level professors LOL G. you're trying to put greater profits over over people's lives and I said first of all number one it's not about freedom profits but people are getting steamrolled the other people getting flattened I'm not rich people there are still low income people who need a check every month of the working class that that live paycheck to paycheck the don't have massive amounts of savings you know what else they don't have to worry about your like your professors deal Stephen Moore is my guest he's economist advisor to president trump Stephen last week I did a story about the suicide hotline LA county calls are up eight thousand percent that's your job I mean it's suicide is child abuse cases spousal abuse depression alcoholism drug overdoses all of these things are highly associated with with shut down of the economy and isolation of people I get so tired you know what I well I live in suburban Washington DC where they won't even let you have to you know go out with your kids and shoot baskets you know the best thing you can do to help your kids and get him outside in a gray no not in not exercising they will let you play tennis they want to know if you play golf by yourself I mean where is the logic and a lot of things we're doing but what we show in this report merry is it solar fascinating to me is that the red states like Florida and like Texas and Tennessee and South Carolina Utah and Idaho are opening up their economies and the blue states like California New York New Jersey Illinois keeping their economies locked down in their house and you know they're impoverishing their own citizens are those blue states that I refused Larry I refused to surrender some kind of moral high ground to the left that says she just physicality shut down longer longer longer because if you don't want to kill people it's it's outrageous claims we have a lot of governments like bond the staff is in in Florida we're doing a great job of keeping the job of nursing home states because we know most of the bass or nursing homes but opening up the economy to their businesses and their citizens my workers and that is the right thing to do we can do this in a safe and effective way and and I'm just sick and tired of these are these sanctimonious levels checked all left for people did you see that did you see how long the the lives out Larry the place like Pittsburgh for the food truck yeah I saw it also San Antonio Texas and and and these are people with nice car he did not even not impoverished people these are people that suddenly lost their jobs and the problem is the longer that you people ask me why is it so urgent for states to re open because I think California you're still pretty much shut down yeah we are yeah what the problem is these businesses once a business fails I think this is a lot with the media and people have college professors are understaffed they never started a business once a business sales and have to sell its asset in those goes into bankruptcy it's not like Lazarus that cannot be resurrected the dead and those jobs will never come back Larry and edit as I said it is heartbreaking to see people's entire lives and livelihoods destroyed my stupid decisions that are being made by politicians Steven we only have about forty five seconds left you have a critique commentary about how sweetness handle this as you know they never had a mandatory shut down but they do have more coronavirus cases and deaths than some of the other Scandinavian countries well what I understand is that they they actually handle it pretty well you know what you need to deal I mean we just need to be smart about this we know it's people in nursing homes we noticed people with that you know what three existing conditions like I'm busy now or are as mark with those people should be protected but my goodness let's get America they know who was it Calvin Coolidge said the business of America is business we gotta get our hands we're all going to die I thought it was J. C. I'm joking all right take care okay Larry thank you what I have a confidence this Hey its flow with the super weird weird night gown yes me it sounds less like clothes you wear to bed and more like things you say to.
"stephen moore stephen" Discussed on The Daily Zeitgeist
"Hello the Internet and welcome to this very special episode of. Come on down to the GEIS's right. Courtesy of Johnny Davis. This is the second time doing this intro because I forgot to tip free courts I can't believe that's the first time I've done that because I'm a very forgetful dumb human. I'm Jackie O'Brien has miles gray miles. How're you this fine Thursday? Oh I've never been better Jack. Things are sunny in the San Fernando Valley right now. We are approaching ninety one degrees Fahrenheit. Wow it has me actually really messed up emotionally because I would love to go outside and enjoying with anyone. Yes yeah I feel you? Let's tell the people what's trending get their mind off of the world beckoning outside their window. Yeah I see pe- that what I think it be yes Ut's your child for wedding. Their pants I see That's a good joke though. It says for Ablest rap group Insane Clown Posse They are basically out here making a lot of waves For saying that. Hey look they were knocking the gathering Gigolos. Okay but we're also now. We are going to use some of our merchandise to help make some protective masks as well but they said first of all though we cannot put the Gigolos at risk and shot up to them. You know doing a lot to protect their own people than actually some governors are so in a way but I guess whitmer might be the governor of Michigan but so might Shaggy and whatever. The other one's name is more like the impressive. Clown posse. 'cause I'm impressed. Wow No one. Who's a shaggy violent j? I shouldn't give it to violent. J J yeah and Shaggy chewed up. So Yeah Yeah Yeah. I mean. It's a big big moment. I'm sure everybody who has a as a fan of everything. They're finding their annual. You know big temple event being cancelled unless it happened like up in like February January but yeah like kamikazes done gathering of the Gigolos is a wrapped. No coachella I mean. When are we going to stop being surprised or even announcing when something more than that? Jack when are we going to stop? You know these experts from killing the economy really. Yeah trend I'm referring to a lot of fatal and that's not going to be sold at that gathering that is not going to do much for Michigan's economy. I can tell you that much. I've always had a soft spot for the jug lows. Just because they were definitely the target of like one of those Middle America Like straight mainstream culture panics. Where anybody who committed a crime and listened to the insane clown posse like was seen as they were like see. They're a gang they're violent gang was kind of like a soft satanic panic. I mean the lyrics were pretty darkens. The lyrics were. Oh yeah I mean like there's like I said I don't I don't believe insane clown posse to be a satanic cult but if you're just in the same way when gangster rap was coming out people just took what the words were and we're like how could someone even say that as a song like how are they talking about as a song like when you talk about like stealing the souls of kids at the. The Wild Carnival of these people are like. Oh my goodness there. So that's part of the fun right. They also jugglers star in one of my favorite workaholics episodes so Let's Talk About Elizabeth Warren Shoutout to her and her family. She lost her older brother. Cove in nineteen This morning the man just like it was this morning. Yeah just a statement on it. I mean again know this this illness. This virus knows no bounds. No boundaries as it can get anybody from the highest to the lowest to the relatives of presidential candidates when there was just this part that she had written in her statement or that was part of her statement. Just saying how she just really. Was You know obviously there? There wasn't much that can be done but she felt really terrible that no family could be around her brother before he passed away to like you know at least like hold his hand or say that that he was loved and like. I mean anybody who's lost anyone you know like if you're fortunate enough to be able to say goodbyes. And things like that. How important or how that can be part of your healing process and just to even comfort the person who is going through a something like this but that was really that was that was tough to read head. They tried one of President. Trump's economic advisers idea of Putting everybody in spacesuits more space outfits as he called them. Who said that Stephen Moore Stephen Moore member of trump's economic task force spoke to The New York Times and Said he's been advising the president about how we have to really get things that opened May I too late But maybe the way to do it is to put people in space suits or space outfits seriously He's does he work for big space suit or big space outfit. I'm sure I mean think about all the money you make off of this bid he's like honey put all in space outfits. What companies are just fucking space outfits? So what is that just doing? The Shit space people where? Let's talk about Elijah Wood for some reason. Yeah I again in this age especially now like we've already as we from the beginnings of this trend show whenever we see a name or anyone season name. We go could miss what happened. What tragedies befalling this trending person But it seems OK. Allies would is fine but he apparently made a big splash because Jack. I'm sure you saw this 'cause you're on your Nintendo switch playing animals bossing everyone else. This dude pulled up and he was just he was selling turnips. Doing what? I'M GOING TO TURN UP. Just doing his old thing on animal crossing and that. Hey I like to turn up on animal crossing on my switch.
"stephen moore stephen" Discussed on 860AM The Answer
"Up on Larry elder dot coms called Obama's bad stimulus example sub headline Democrats want to repeat the two thousand nine strategy of paying Americans not to work the co authors my next guest who is a member of the heritage foundation served as an adviser to the hurricane twenty twelve presidential campaign an adviser to trump's twenty sixteen campaign please welcome back to the program economist Stephen Moore Stephen thank you so much for taking the time I appreciate it hi Larry hi Steven Steven Lim just does start with a quote from your piece on the that that you co authored with published the Wall Street journal couple days ago quote given the current public health strategy of social distancing providing cash and in kind benefits to tens of millions of stranded workers may be a prudent and compassionate approach but no one should pretend these programs will stimulate recovery they're likelier to prolong a stroke a slump as the Obama strategy did in the float elaborate Stephen Moore well there's a real rewriting of history going on Larry surprise surprise justice the I've heard you talk about this many times over the years the rewrite of the history of the new deal you know if you read the history books you think the new deal with some kind of grand success of course you know ten years in jail for almost ten years into the new deal we still have an apartment in double digits and and so on that's exactly what happened with the Obama recovery and people remember that you remember that shovel ready projects and Joe Biden said very famously after the bill passed we would have the summer of recovery and two years after that bill passed and the money has been spent we still had an unemployment rate of nine percent nine percent you know almost three times higher than we had before this coronavirus yet and if you would include the people just dropped out of the workforce the unemployment rate would be a total of twelve percent so that's probably a recovery and avoid that I was making as you know this bill that's being debated I literally as we speak Larry our house after the grocery shop I look device that gets higher I think right now it's one and a half trillion dollars and there is nothing in this bill that will help grow the economy and that's my concern but it seems like you were suggesting in that passage I read that from a political standpoint the likelihood of the of of truck doing nothing of him not giving money to our workers have been essentially put out of work because of government mandates that that would be a political non a non starter to do nothing there's a difference Larry died between what happened in two thousand eight two thousand nine what we know where that would happen in two thousand eight nine was a you know a implosion of the economy of over you know real estate was vocally invested in people took out mortgages they shouldn't banks engaged in some bad behavior that's the reason that I don't have a big problem with that is sending some money to people who are going to be hurt by this you know reduction that's coming is that if the government that's required these businesses to shut down no the book the government takes on the responsibility if they tell people they cannot work you got the job done yeah I think it's appropriate for the government to give some made the book my only point is that's not an economic growth strategies out a strategy to take about two dollars from me and give it to you right on top of the greeted me well well I I agree with you I I I I think since the government is mandating the shut down they got to do something my question to you Stephen Moore is if you were advising the president what would you have advised him to have done well first of all I think that we have to realize that this is the most important point that we cannot shut down the American economy this is the strongest economy in the world we have a twenty trillion dollar economic machine that is the envy of the world the idea that we're gonna shut down the American academy for seven or ten weeks as that was discussed last night by some of the public officials thank you that's insane we wouldn't we wouldn't happen economy left after seven to ten weeks every virtually every business in America would shut down and go back up to we have you know thirty five million unemployed people we have people's life savings you know bad I shall we cannot and I think trump is pivoted a bit on this he is now basically saying that he wants to get this economy up and running again in a very smart way in other words we take public safety and safety and health measures but we don't we don't just because everybody's going to want employment line because in my opinion I think the statistics are pretty clear about this the human suffering and the toll from shutting down the American economy you're not gonna have any economy lot you're not giving me food on the shelves we're gonna be like the Soviet Union Thomas Stephen Moore is my guest he advised the presidential campaign of president trump in twenty sixteen Steven what about this thousand dollars to every man woman and child sounds like George McGovern in nineteen seventy two yeah this is again just a way to get money into the hands of the people the men forced in the unemployment why aligned by the by the government I don't like it much I mean by the way of thousand dollars is good but not two thousand one at five thousand one minute ten thousand that one of the things that concerns me is that there's this attitude in Washington is all we have to do is print money and pass it out and somehow this is going to save the economy Udall are your very good economists if the economy if the economy isn't producing anything about the matter already already dollars they prep right there's nothing to buy there's no nothing on the shelves so all right we've got to get the productive capacity of this great American economy going again and do it in a smart way we're used to cluster older people are very vulnerable to this terrible virus you know you are very strict rules about who can go into public places we need screening we need casting but we have to produce thank them and ladies and gentlemen we can't let millions of businesses fail we can't put thirty five people on unemployment lines and just from a standpoint of by you know the public health Leri you know we know that should decide drug abuse depression all the things are highly associated with losing your job and losing your business so we don't think about what in fact we're going to have on our society if we go forward with that strategy Stephen Moore we have one minute left what about the feds an intention to stimulate the economy by essentially putting more money I don't have a big problem with the brothers been doing up to now but let's let me go back to this vital points that I know my our mutual friend also Laffer agrees with and I don't know Britain were still alive you would agree with that matter how much money you French you have to have a productive economy and the such this is what third world countries do they keep thinking they can print money more more money to devalue their currencies and somehow that's gonna solve an economic crisis sorry merry I wish it were that easy I wish we could just take helicopters up in the air and dump dollar bills out the windows and that would bring back prosperity that but that ain't gonna work it never has and never will Obama's best team in this example Democrats want to repeat the two thousand nine strategy of paying Americans not to work as written by my guest Stephen Moore top on Larry elder dot com Stephen thank you very much for coming on I really do appreciate it thanks Larry I hope for the best of the house of help for all the people are listening yourself these are trying times but we will get through this with the free enterprise system absolutely thanks a lot Steve.
"stephen moore stephen" Discussed on News Radio 690 KTSM
"Right now and I know I talked about this last week is a bit of a debate going on right now is an interesting piece. was put out by Stephen Moore. Stephen Moore put out a piece talking about how the United States needs to get out there right now and refinance our debt. refinance but only think of it like refinancing your mortgage. we have these old old old through low interest rates that are out there. and we borrow most of the money that we borrow is in short term instruments and we have to roll it over again and again and again. I want to think of it thank you as paying one credit card off with another credit card. thank you we've got the thirty year bond rates that are below two percent. I happen to agree with Stephen Moore I think that we should be out right now I issuing a lot more longer term debt and it would say it would save I'm not kidding. this is actual figures billions of dollars a month. billions of dollars a month in interest there's actually been talk about issuing fifty year bonds. and the one hundred year bonds now there is an alternative argument out there that I also I also happen to. I understand. where people are actually saying that well you know what it's unethical. it's on ethical issue a one hundred year bonds it's basically saying the government doesn't have any intention of paying off. and in another argument might be that you know what this kind of like taxation without representation because you're having future generations. Hey first off. pay for.
"stephen moore stephen" Discussed on CBS Sports Eye On College Basketball Podcast
"From the Aa for I think that I think that those will be the topics for August. I I think it's an we got one more recruiting calendar podcast talk. We absolutely we do not by the way to <hes> to loop back to our podcast from two weeks ago. I watched Aquaman on my way down here so I watched Jason. Momoa no dreams Jason Momoa since then so I've been Jason Komo free and yeah this was this was a weird break in between but I had my week vacation did Vermont high school reunion all that kind of stuff you look like the guy that would not go to your high school reunion though I've never been to one of my yeah and it's not because I I wouldn't go. They've all they don't plan around my schedule as they should like seriously. I'm the star of the class. There's no getting around it. Why wouldn't you plan around my schedule? Why wouldn't you reach out to me and go G._p.? DP You're going to be in town because what is the classroom. What is the point of doing this? If you're not going to be there so <hes> I've never been in town for one. I don't think yeah this was my twenty year. The ten year CHESA southbound high school is a good time but but yeah so anyway we're rambling. It's officially a podcast our and five minutes anything else you WANNA get to before we wrap up and wherever the month of August is GonNa take us. I don't know I just don't understand this how you can have Stephen Graham fit the Joe e seven. That's or Dexter Bony ahead of won't have there's got to be more good players from Delaware this. I'll tell you what I will tell you this. What's his name? Oh Gosh just an absolute beast new Castle Delaware Jalen Durin. I'm I'm putting them at two behind hazard already. Maybe he's the next extra pony. He's going to be better than he's he's. He's surpassed bony at this point already. You think he's the you must think he's the next Ronnie Murphy Oh you seem to be implying that he could be a grand brother but but do you think he's Stephen Moore Stephen Moore Joey. I remember them Graham Bagram brothers. I think they play with Tony Allen. Yeah that was the same era that whole team was like twenty four and awesome final four yeah they did did 'cause they stopped Phil Martelli from going Jamir Nelson those sons of pitch wrap it up G._p.. Shasta Devon Eh Daddy chance to chester South Carolina. She has to terry fatigue or the legend Shasta Lor now shouts to Dexter Pony and oh he's not getting any shouts extra Bony Ontario according to rancor agrees the second best player ever from from from Delaware. One spot ahead of walt hazard terrible seems crazy to me. Please go subscribe down Basco pockets actually you don't have to. I don't know why you would at this point. No you absolutely shit we are we are also on spot. They tell us we're on spotify all sorts of stuff so just download subscribe all that good in all fairness. Where are you going to get a breakdown of basketball players from Delaware?.
"stephen moore stephen" Discussed on NewsRadio 1020 KDKA
"So I took a note on my pad right here while I hope that you can you can find that. I'm not even sure where it was not. It's been probably I don't know ten or twelve years since I I saw that. But what I find particularly interesting here about the latest report that you and Stephen Moore have put out which is titled the biggest college scandal of all. And certainly I think that most people have of of decent motivation are upset by the notion of well to do parents spending of money not just to prepare their child to get into the right colleges. But to flat out cheat in the pursuit of that. It's gotten a lot of coverage and rightfully so. But you have found something else. Very interesting regarding the amount of money that. Taxpayers. Give to Ivy league universities, and we need to denote something here. We are talking endowments that would make more than a few third world countries. Really happy. Absolutely. I bet you some of these endowments from Ivy league colleges could make your list here tonight. What we found it opened the books dot com. Our auditors looked at the top twenty five wealthiest colleges. Those of the colleges that have the largest endowments in the land twenty-five, very very elite schools collectively have nearly three hundred billion dollars in the Bank in their endowments. Now that's worth repeating for those. It's late at night for those who weren't paying attention. Adam NJIT said what three hundred billion dollars in the Bank, these twenty-five schools, the wealthy schools the elite schools, it's like the Ivy league. But it's beyond the Ivy league. It's like Notre Dame and northwestern and Stanford. It's the university of Michigan. These schools collectively literally have all the money in the world. They've got three hundred billion dollars in their endowment funds. Dado need taxpayer help. They must start making themselves affordable. Because what we've found is just last year the American taxpayer put seven billion dollars in federal student financial aid into those colleges. So the rich schools are getting richer, and you and I Jim the taxpayers are paying for it. Event is just a remarkable that that that is it's boggling, and it's always interesting to do programs in which we make people drop their jobs because quite frankly, I think most members of the public have bitten into the gross national cynicism enough that it's hard to make people's jaws drop. But this Senate statistics makes my jaw drop that that these institutions with these billions and billions of dollars, and I might add places where the inflation on the cost of of an education far exceeds general inflation, probably on a par with maybe even an excess of health care inflation. And at the same time, we are shuttling tax dollars at these institutions. Since nineteen eighty we took a look at this in tuition at these schools has increased nearly seven times faster than income growth. And it's currently outpacing increases in other areas like housing and food and healthcare. So student aid was supposed to make college affordable again. But what we found is it simply going into the education institutions that continue to increase their tuition. And I it seems like that higher education is once again proving the rule that the fastest way to make something really expensive is for Washington DC politicians to try to make it quote, unquote, affordable by spending money to help solve the problem. Now, I think that the the mere fact of how this accumulation has occurred is in and of itself probably worthy of a program. But that's really a part of the story here. The secondary part of the story the real story here from open the books dot com is that the same universities. With all of that money and raking in this dough at a rate of increase of of expenses for attending some of these universities that far exceeds general levels of inflation at the same time, we are working over all of this tax money. Now, presumably even Washington must have a rationale, we'll get into whether or not that's a viable rationale. But for the record. What's the official reason why we're giving all of these institutions all this money? Well, it's baked into the rules of federal student aid so students that qualify they have a bucket of money, and in terms of Pell grants and other types of federal grants that don't have to be paid back, and they also have a student aid package through federal loans, and they can take that to any school of their. That's the way the rules are currently written. And that's why these wealthy and elite schools are collecting their piece of the pie in. Here's here's what they need to hear from the American taxpayer. They need to lighten the load on all of us. You know, what is the compelling public purpose for people who pay taxes who never went to college to fund students going to these wealthy schools when they have these massive endowments. What's the public purpose to compel working middle class taxpayers to continue to shovel our tax dollars into the coffers of these wealthy schools? One eight six six five O, JIMBO our number one, eight six six five zero five four six two six if you had the power to rewrite that law, how would you rewrite? It would you. Just abolish that section or what would you change? So we outlined this strategy and the piece that Trump's pick for the Federal Reserve Board, economists, Stephen Moore, Stephen Moore, and I co wrote a piece for the Washington Times, which was then syndicated across the country and in national newspapers through creative syndicate on on the biggest scandal and the in in our solution to rewrite those rules. Jim is very simply that these wealthy schools..
"stephen moore stephen" Discussed on WAAM Talk 1600
"Now, they're announcements, well, probably once in twenty nineteen or maybe no more times than twenty nineteen and maybe once in twenty twenty Bill what's changed the month of November and December in financial markets across the globe. And on top of that, you could see you can see slowness in trade. You can you can see the liquidity getting sucked out of the system. For them to continue a tight. They would have been the detonator the entire system. And then this past week President Trump there's some vacancies on the Federal Reserve Board. The Federal Reserve is you've outlined we've outlined is an independent group of private bankers. Who's not part of the federal government? Their goal is to enhance the bottom line of the banks that owned the Federal Reserve, they don't give a snot about the public or our country. Dave jammed opinion. I you can you can disagree. If you wish Bill, but. But what's happened? Lately is that President Trump has nominated Stephen Miller to be on the on the on the Federal Reserve Board. Who started a call for a fifty percent or fifty basis point rate cut? And now Larry Cutler Kudlow who is his chief economic adviser who had been speaking about how wonderful the economy was just on Friday. This from zero hedge Kudlow calls for immediate fifty basis point rate, cut signals imminent, recession just weeks ago. President Trump's top economic adviser Larry cudlow was bloviating about the strength and sustainability of the United States economy is the cleanest dirty shirt in the world. Something appears to have scared him as of today. Echoing Trump's latest fed pick. Excuse me. Stephen Moore, Stephen Moore, Stephen Moore Kudlow is calling for the fed to immediately cut rates by fifty basis points. Okay, bill. So we know something happened in November and December. And that's what the fed what happened in the past week that has Kudlow and Stephen Moore. Now calling for an immediate fifty basis point cut. Yield curve fully inverted. Okay. So let's talk about what that means. What does that mean? Well, it means short term rates are higher than long term rates. And what that signifies is a tightness in mcquaid idiot tightness in credit, and if you could go back to the year. Well, let's go back to nineteen thirteen. The fed started. There have been recessions where there was no inverted your curve, what every single time and in financial on Wall Street, speak a work guarantee, or every time you can't really almost can't ever say that in this instance, you can't every single time. There's been an inverted yield curve. It's been followed by a recession. So based on that track record. There's a hundred percent probability of a recession. And we know. With the the debt concentration we have. Now, a recession is not gonna be a garden variety. It's going to become. It's it's probably going to of seems off. And what do you say to those folks Bill who say that we never really recovered from the two thousand eight financial collapse that it was essentially papered over with paper. Whether it's funny money or stock buybacks or financial smoke and mirrors that we never really recovered from the two thousand eight financial collapse. One hundred percent, correct. I mean, you can look at just look at industrial production. I believe industrial production. Never regained the two thousand seven peak to this day. And this is ten twelve years later. You know, Bill a lot of folks are starting to get upset around the country because they said, you know, the the lame stream fake media has. Propagandized us for a couple years that that there was this Russian collusion this Russian treasonous activity between the the President Trump citizen. Trump President-elect Trump President Trump his team. And now with the Mueller report it shows that that was all BS that that was all propaganda. There was all made up. We'll Bill I contend that. The American public has been propagandized by C N, B S, FOX business news. Reuters Bloomberg anybody doing any financial reporting in propagandizing, the populace that all is well and that folks should keep shoveling their money into paper assets such as the stock market. When in fact, if one did not even a deep dive, even a shallow dive on the economic statistics. In fact, they would realize that in fact. We've had an economic issue that never resolved since two thousand and eight and if there is an if folks are reacting negatively to the fake media at this point as it relates to the Russian collusion delusion hoax. What are they gonna do when they realized they've been lied to for? Over eleven years. The public is propagandized on pretty basically every important topic. Obviously one of them is the economy slash markets. What I think you're going to see is. As a backdrop if you look at a pension plans across the nation. Are underfunded your way underfunded. Some of them don't have fifty cents of what they're supposed to have. And as an example, I think it was CalPERS this last week or the week before announced that there. You're going to move the asset allocation of private equity slash venture capital up to sixteen percent of holdings. And the reason they're doing that is because the are underfunded and be there assuming that they're earn seven percent per year. Now where can you earn several good luck? So what they're what they're doing is. They're they're being forced to gamble. I think more than likely pension slash retirement. Plans are going to be. The match that lights up unrest amongst the population because of financial markets and people will be able to see that directly in air their pension results and pension cuts. What they're. The amount or not going to be getting each month. Folks were speaking with Bill halter, J, esmine MANET, mindset dot com. Bill if you look at the financial underpinnings of our economy as it relates to debt and derivatives. If you look at where we were in two thousand and let's say seven and look at them today. And this is really important because folks at FOX business news and CNBC, and Reuters and Bloomberg will never address this. If you look at where we were just the let's say the day before it became evident that there was a financial collapse back in two thousand seven two thousand eight and you look at our debt and derivative associated with that debt. Now, are we better off the same or worse off because this is really important for folks. Right. We're we're way worse off derivatives have increased greatly debt has basically doubled and debt. Doubling is. Versus an economy supposedly what twenty five percent maybe three percent higher than it was twelve years ago. So what you have to do is. You got look at the debt in relation to the underlying academies ability to service that debt pay the data off, and we're at debt ratios now never ever seen before in the US. Basically what you're looking at now are debt ratios only seen in banana Republic. So to those folks are saying, well, okay. But you know, my 4._0._1._K in my IRA has been doing great just because they've been waving this magic wand, and creating this funny money, paper and doing all this stuff. Well, they'll probably be able to do that for another ten years without anything another financial collapse happening. What do you tell those people Bill? That's what they said in two thousand and six right? Which is why which is as I mentioned, which is why you ended up moving out of the country for a while. Right. Exactly. So so Bill what? So so what what should people do that? They that you believe they should do that. They're not hearing that what they should do on FOX business news, and and see NBS because when you listen to those stations, and I do see how what kind of propaganda spilling out, you know, Stuart Varney out there. You gotta buy more Microsoft stock. And oh, you gotta, but you know, I mean, what should they be doing as opposed to what the Stuart Varney of the world are recommending you want to go back to basics and you want to put yourself in a financial show you want to keep your head down. And hide if you will. And that basically means get as much out of the system as possible. If you if you all stocks with a broker have them deliver the certificates out to you. Absolute worst thing in the world would be for your broker to go bankrupt. And you've got stocks with your broker it may take two years three years five years who knows how long it will take for reorganization. So if if you're gonna own stocks, you wanna own companies that actually produce something as opposed to banks or charge companies, or, you know, financial financial organizations if you have big balances in banks. The bottom line is your.
"stephen moore stephen" Discussed on KNBR The Sports Leader
"I once had you know, I used to have a prototype for hand size height arm length all that stuff. We're looking for guys that can play and do a lot of different things, and they come in all shapes and sizes nowadays. Live this way. But if he really was interested in somebody like Murray when he announced it to everybody. I mean, it's a weird time right here because you're a few months before the draft mean if you really liked him. I don't know there's any number of ways you could play it. You know, you could be talking him up. You could be talking them down. You could be saying nothing, you know, every coach has a different philosophy on, you know, speaking publicly on these traff candidates leading into the draft. I I really don't know. What is what is mindset is? But I do believe I'll take him at face value. I think he's right. And he has looked at breeze, and he has looked to Russell Wilson. And he sees Cuyler Murray is and he knows that height is not necessarily the end all be all and the and the impact of these young athletic quarterbacks and how well they throw the ball and control. It has changed. The thinking of a lot of offensive coach is not just gruden's. Here's where cargo gets upset. I thought that they were getting personally said you can say whatever you want about my performance. I understand that. But when you start talking about a man's character and want to and desire. That's a different story. And he also says he's never met Kellerman are Stephen a Smith. So that's let's do we have the audio. Who do you want to play? I we have car. Let's hear from. Let's hear from max Kellerman. Let's hear Kellerman comments on car. Yes. Yeah. You can see just like, you know, different players get called out for taking place off. You can see where a quarterback don't want it. You know? Want it and? I think Gruden knows they got to move on. And the question is can they get anything for him? Is he a placeholder until they find the next guy? How long will it take the develop the next guy and Cuyler Murray if you could grab them in the draft hell, yeah. All right. Let's see that was max, and let's hear Derrick Derrick's response to that. The desire and want to. Talk to me and land life never worked out with me. It's never woke up early with me to study to go and play hurt and all these kind of things. And so, you know, you can say whatever you want about performance and all that that's his job. And I understand that. But when you start talking about a man's character wanted to desire, that's just a different story. And I don't think there's anybody holding these guys accountable when they go off on those pants, and so I'm just someone that loves the truth. I got love for the same time. I mean, you can't be held accountable when you just completely wrong about someone's desire or want to. I love I love our team. And I've never done anything. But give a city. Our mother Bess. All right now here comes Kellerman. It's not we who count. It's the players who cap. It's you. Who counts you're the quarterback of the at the moment. Oakland Raiders that's tremendous to make thirty million dollars a year. Now, I understand you wouldn't be mad. If I said, you're the twenty seven th ranked quarterback, according to QB are the most sophisticated quickest ranking system, that's not very good. It's not exactly earning the money, but you wouldn't bother you. What bothers you is that you thought that I was saying something about insight into what you were feeling at the moment. Dude. If I see a guy looks scared in the moment like he doesn't want contact. I infer from that that he didn't want it that goes for you that goes for everyone in different moments in time. It doesn't mean you are a quitter or you are a scared player or you haven't been great in the past won't be great again. But it's not gonna stop me from saying what I think that is my job say. Say Stephen Moore, Stephen h chimed in on the car Kellerman deals. Well today, I take now. Let me also explain something to you that max did not take the liberty of explaining to you, Mr. Derek coughed. Whether it's your brother at the NFL network who probably doesn't talk about you. And that's the right thing for him to do all the NFL aficionados NFL network, FOX NBC CBS, ESPN, whatever the case may be who the hell his applauded the Oakland.
"stephen moore stephen" Discussed on WSB-AM
"Because the fed is raising rates too fast, and it's independent. So I don't speak to them. But I'm not happy with what he's doing because it's going too fast. Because you looked at the last inflation numbers are very low. You put them there. I mean. Janet yellen. Be honest, not blaming anybody. I put him there. And maybe it's right. Maybe it's wrong. But I put a couple of other people there that are not so happy with two. But for the most part, I'm very happy with people that is the United States. Speaking Trish, Regan about the fed. And he says, you know, as our economy is good and forecasted to do. Well, they raise rates, and it's robbing us of the momentum and nodding along is the co author of trumpet onyx inside the America. I plan to revive our economy. Stephen moore. Stephen, you think he was a lot of people say the president should not comment on this. How do you feel? I think he's right on the substance. And I don't see anything inappropriate about the president. Who is basically the CEO of our economy speaking out now, that's not to say, the fed shouldn't be independent. You just heard Donald Trump say he believes the fed should be independent. But look the economy is booming right now, we're in the biggest boom in thirty years. We have seven million more workers than we have. I mean jobs than we have workers, and that's an amazing statistic. So. Economy is booming and Trump is basically saying look, there's no inflation. Why is the fed taking you know, the old metaphor wise? The Trump is the fat taking the Punch Bowl away from the party just when it's getting going, and I happen to agree with him on that. Look, I don't wanna see a return of inflation. I lived through the seventy s I lived through fifteen sixteen percent inflation rates, but this idea that somehow it's a boogeyman inflation right now for prices are not rising. And there's too many people at the fed who believed that growth in the economy and higher wages are inflationary now about Lapper were here, Brian. I know what he would tell you. He'd say if the economy produces more apples, the price of apples falls, it doesn't rise growth causes lower inflation higher inflation. So right now, you're looking at the market last week gave a lot of people an upset south. That's for sure. Points up three hundred points down avenue points down. What's going on? I think there's a lot of profit-taking at the beginning at the there's a lot of nervousness about what the fed was doing look when interest rates rise than bonds are more attractive than stocks. Right. I mean, that's just simple finance. But look, I'm not a great stock picker or anything like that. But I will tell people this one great piece of advice ready for this brand ready Bilo shall high by people tend to do the opposite. Right. They tend to win the markets. Crashing. This is a good time to buy stocks. They're cheap. Earnings are good earnings are good now. So Stephen Moore's here he's talking about his book Trump now. Well, the president's got his economy roaring. He's got the revenue coming in the deficits or something else. He's got a tackle. But GDP is at three point five last time was four point to feel good about it. But guess what somebody else is taking credit? You're you're about this economic miracle. That's been going on. When the job numbers come out monthly job numbers. Republicans are saying it's America I had to kind of remind them actually those job numbers are the same as they were in two thousand fifteen and two thousand sixteen. Your reaction, Stephen. Well, Obama look liberals have a hard time explaining what's going on with us economy because you should also play. I know you probably have this in your catalog when Barack Obama said a few weeks before the election. How is Donald Trump going to get us to four percent growth? How is he going to revive manufacturing? Does he have a magic wand? Well, maybe this president does have a magic bond because we have revived manufacturing we have revived the mining industry and we have four percent growth. And now they're trying to explain why this is happening now here, here's the reason why it's not true that this Obama deserves the credit by the way, when I give my speeches when I say, you know, is this. The Obama fact it is the Bama factors the effect of Barack Obama's no longer president. That's why the economy is booming. The last year that Barack Obama was president. You can look this up. Ryan the economy grew at one point six.
"stephen moore stephen" Discussed on News 96.5 WDBO
"Too fast, and it's independent. So I don't speak to him. But I'm not happy with what he's doing because it's going to fast because you looked at the last inflation numbers are very low. But you put on there. I mean. Janet yellen. I'm not blaming anybody. I put him there in. Maybe. It's right. Maybe it's wrong wrong. So couple of other people there that are not so happy with two. But for the most part, I'm very happy with people that is the United States. Speaking of Trish, Regan about the fed. And he says, you know, as our economy is good and forecasted to do. Well, they raise rates, and it's robbing us of the momentum and nodding along is the co author of Trump inside the America I plan to revive our economy. Stephen moore. Stephen, you think he was a lot of people sitting other presidents should not comment on this. How do you feel? I think he's right on the substance. And I don't see anything inappropriate about the president. Who is basically the CEO of our economy speaking out now, that's not to say, the fed shouldn't be independent. You just heard Donald Trump say he believes the fed should be independent. But look. The Konami is booming right now, we're in the biggest boom in thirty years. We have seven million more workers than we. I mean jobs, and we have workers, and that's an amazing statistic. So is booming and Trump is basically saying, look, there's no inflation. Why is the fed taking the old metaphor wise? The jump is the fat taking the Punch Bowl away from the party just when it's getting going, and I happen to agree with him on that. Look, I don't wanna see a return of inflation. I lived through the seventies. I lived through fifteen sixteen percent inflation rates, but this idea that somehow a boogeyman inflation right now for prices are not rising. And there's too many people at the fed who believed that growth in the economy and higher wages are inflationary now without Lapper were here, Brian. I know what he would tell you. He say if the economy produces more apples, the price of apples falls, it doesn't rise growth causes lower inflation higher inflation. So right now, you're looking at the market last week gave a lot of people upset stock. That's for sure. Points up three hundred points down right avenue points down. What's going on? I think there's a lot of profit-taking at the beginning at the there's a lot of nervousness about what the fed was doing look when interest rates rise than bonds are more attractive than stocks. Right. I mean, that's just simple finance. But look, I'm not a great stock picker or anything like that. But I will tell people this one great piece of advice ready for this brand ready Bilo sell high by people tend to do the opposite. Right. They tend to you know, when the markets crashing. This is a good time to buy stocks cheap. Earnings are good earnings are good now. So Stephen Moore series talking about his book, Trump comics now. Well, the president's got his economy roaring. He's got the revenue coming in the deficits or something else. He's gotta tackle. But GDP is at three point five last time was four point to feel good about it. But guess what somebody else is taking credit for you hear about this economic miracle. That's been going on. When the job numbers come out monthly job numbers. Suddenly Republicans are saying it's America. I kinda remind them actually those job numbers are the same as they were in two thousand fifteen and two thousand sixteen. Reaction stephen. Well, Obama look liberals have a hard time explaining what's going on with this economy because you should also play. I know you probably have this in your catalog when Barack Obama said a few weeks before the election. How is Donald Trump going to get us to four percent growth? How is he going to revive manufacturing? Does he have a magic wand? Well, maybe this president does have a magic wand because we have revived manufacturing. We have remind the mining industry and we have four percent growth. And now they're trying to explain why this is happening now here, here's the reason why it's not true that this Obama deserves the credit by the way, when I give my speeches when I say, you know, is this. The Obama fact it is the Bama factors the effect of Barack Obama's no longer president. That's why the economy is booming. The last year that Barack Obama was president. You can look this up. Brian the economy grew at one point six percent. That's pathetic. This is a miracle. We don't grow at one point six percent. It's now growing at four. That's the difference between being you're cowardly sixteen miles an hour and forty miles an hour pickup Trump Stephen Moore wrote. It you.
"stephen moore stephen" Discussed on 860AM The Answer
"I baited them a couple of years ago in a big economic forum in front of two thousand people and he sat in front of two thousand people the problem with Obama's policies. He didn't spend about enough. Let me say that again, he thinks we didn't bow. We borrowed ten trillion dollars. But he doesn't make enough money to borrow and spend. And you know, we we ran up the budget by record amounts. And and yet, you know that that is, you know, the height of stupidity right to keep paying your head against the door. When when something isn't working, but you know, look the to give Obama his credit. We we didn't have a RIC. Coverage. Remember, I mean, two thousand seven seven eight was this crash in the in the economy. One of the worst crashes since the great depression and Obama entered office during I look through natural healing powers. And the economy was going to get fixed one way or the other. But we get we have a long recovery under Obama. So this, you know, it's been over one hundred months since we've had a recession. That's a really good long stretch one of the longest in history. But the problem was it was it was a long endurable recovery. But it was really anemic. It was flat wasn't much growth at all. And so, you know, I have a chapter in the book showing that if we'd had a Reagan style recovery from recession rather than the Obama recovery. We would've had about three trillion dollars more output by the year two thousand sixteen that's a big deal. That's all hi, oh, Michigan and Indiana combined their annual output that was missing Americans felt that and and there were also so many areas, you're there in California. There are a lot of. Areas of California that did very well Silicon Valley Hollywood, Los Angeles places like that. But if you want the middle America that the areas that Trump won in states, like Michigan, Ohio, Wisconsin, Pennsylvania. Kentucky West Virginia, those areas had no recovery at all. And that those voters that Trump really spoke to and he just said, look, I'm going to bring back those jobs and everybody wants to these places and said, you know, manufacturing and mining coming back. The number mama said at one point two months before the election. How is Trump gonna recreate? I'll be any country in jobs is you gotta wave a magic wand. Well, apparently has a magic Lanker since the election. We prayed to one million manufacturing mining and construction jobs. It's an amazing performance. Well, I have two comments number one to say that Obama's program kind kinda work, but it was anemic. My I would somewhat take issue only in the bargin Steve that state it's like in in the seventeen our first president, president Washington, of course, was ill. And he died becasue the policy of bloodletting. They bled him. 'cause that was believed to be the case. And but it killed him. And how however some people survived the bloodletting, and they got better. Anyway, it doesn't mean bloodletting was a good idea. It means the body is so strong, it even survive bloodletting. Well, I say our economy is so strong, even survived Abam. It didn't Obama gets no credit for turning the economy around. He gets credit for delaying the recovery. And it would have recovered our economy is so vibrant, and so strong, it can recover from almost anything. But the fact recovery. Doesn't need a bad policy worked. You're right impacting. So here's an amazing thing. So when Obama came into office in February of two thousand nine his own economics team did this report. And they said what if we just let the economy heal on its own, and they said, it's out happens. You know, here's the path of recovery that you know, they knew their recovery. There's always a recovery from recession. And then they said, you know, if we, but if we do this, you know, eight hundred billion dollar stimulus plan, the economy will go up tight, you know, grow much faster. And so then you look at what happened what really happened after we spend eight hundred billion, and it turns out that the economy recovered, but it actually recovered more slowly than they estimated would have happened. If we'd done nothing. Isn't that? So of course. By their own admission aren't Steve Morse numbers. There's not the they're not the Wall Street Journal. There's the Heritage Foundation. This is about my own numbers show conclusively that we would have done better if we hadn't spent date hundred billion dollars. Oh, so right that natural. Healing powers. The economy created the recovery, and I would I tend to agree with you that we probably would've gone faster. If if I had just done nothing and let the economy, John. Obama was bloodletting. That's what he was doing. And it didn't work. Speaking. So here's the thing. You know, not only did we not have a recovery, but we did get stuck with was ten trillion dollars of debt. Right. So every future generation to the next one hundred years is going to have to be paying for Obama's mistakes because the stuff isn't free. It's like if you went out and borrowed a million dollars in squandered it it's it's it's not like. Well, no worse. Yes. You are. Because now you have to pay back the trillion the million dollars buyout. And the same thing in this case, it wasn't a trillion. It was ten trillion dollars and our kids and our grandkids and our grandkids kids we'll be paying for those mistakes for the next hundred years. This is Bob because morning speaking with Stephen Moore, Stephen is one of president Donald Trump's chief economic advisers. He is the author of soon to be released trumping mix he wrote that book with author laugher. It book is coming out at the end of October. We are stressing with Steve what was the magic of Trump. And I'm ex why was it so successful? And why did it was more successful than even its authors expected when we come back? We'll discuss the corporate income tax will discuss NAFTA trade ad what's in store for us during the next two years of Donald Trump administration from the standpoint of economics, please stay tuned locks to come. Secret sauce, the founders original recipe for a limited. American democracy is a new evil based on the best interviews from the Bob Zadek show. California's longest running libertarian talk show, Bob it is guests tell the story of the great compromise at the constitutional convention and the prediction by certain founders of a dangerously our federal government to come for anti federalists. Right. Is there such a thing as too much democracy? Learn more by downloading your free copy today from Bob Seda dot com. That's Bob, Zing dot dot com. Welcome back.
"stephen moore stephen" Discussed on 850 WFTL
"I'll take the Turkey. Tom. Don't name it makes it harder. Try our new nine green weeks up. Jimmy johns. Yeah. Boyer back. You're listening to the Florida roundtable. I'm Reagan Smith and Michael Yaffe had Michael at this point in the program as promised we are joined by economist Stephen Moore. Stephen welcome back to the Florida roundtable, great to be with you, Steve, of course, with the Heritage Foundation. You've written for the Wall Street Journal, and for those who may not remember your last visit lay out a couple of your other credentials sports pays. Wow. Senior economic adviser for Trump during the campaign and have a new book coming out in next month in October called Trump annex an inside view of Trump's America first policy. So that will be out, and it's a good kind of I had a count of how Trump was able to turn around our economy. Now, one of the things you have said recently is that the president ought to get a Nobel prize for economics. And we want to hear about your thoughts. Well, you're not doing that to sort of tweak some of my liberal friends. You know, who said that Trump would never be able to be successful, maybe caused a second great, depression appears elected, and so on and now we've got those booming economy that no one none of Trump's adversaries thought was possible. And it's a great great tribute to Trump's policies and his his wisdom that we're able to get an economy that was barely growing at two percent. When Obama was president. That's now growing at four percent. And we're seeing record numbers of job street at lowest unemployment rate for minorities and fifty years. We've got the construction boom that's going on all over this country. From Florida to California is the most remarkable thing I've ever seen. It's a great story. And you had mentioned Obama there. Obama's trying to take credit for this good economy. What do you what do you say about that? Well, I mean, look if I were about my probably say the same thing because Obama, you know, did cause a recovery. But I think what the President Obama doesn't kind of boy you understand the difference between a recovery and a boom we had a recovery under Obama. We now have the biggest boom, and you know, in thirty or forty years where you're starting to see wage games middle class workers have a lot more opportunities today. And that's not the way it was under Obama. You know, the day before Trump was elected drought. Obama's presidency at most three out of ten Americans rate of the economy is good or great now seven out of ten Americans. Economy is good or rate because things have improved so much eighteen months. And I I saw the president a few weeks ago. And I just said, you know, Mr President pistons working better than we even father would when we device these plans two years ago, and he just smiled said nothing. Yeah. Wow. Now will we here we still continue to hear an awful lot about China and whatnot. And they're booming economy is it booming, and what are your thoughts? How does that affect right now? The United States is clearly the envy of the world in terms of our economy. We're we're growing much faster than Europe. We're going much faster than China, and Japan and other countries are looking at what we've done interesting. How how do we do that? So that's been a remarkable thing to watch it to behold. You know, it's a it's a great. It's a great thing because Trump is is has cut taxes cut regulation. Got government off the back of our businesses. She's promoting American energy production. All these things together have really created at very strong. You know, Connie that gives Trump a lot of the upper hand in these negotiations with you know, with China because China's economy is actually stalled their stock margins found almost twenty percent this year. There's a lot of disinvestment going. Out of China's out. That's a that's a positive thing. We're we're. Negotiating from a point of weakness. Strength not weakness in on panic in Beijing about Trump. So you really feel like these tariffs that Trump is imposing he's not gonna really hurt. The American economy that much relief is going to bring China to the table. No question about it. You know, anytime you put a tear up on our goods and services that means that. When we buy things you go to WalMart, you buy things from China. They're gonna cost a little bit more. So sure there'll be some pain. You're no question about it. I'm not I'm not a big tourist guy don't like us. But in the case of China, we need to retaliate against you know, the fact that they. Cheat they steal. They are building up their military. They're becoming an adversary not a friend the United States, and you know, for thirty years. We've just sit back setback and take take a mess. And now Trump percent an hour. You're going to change your behavior, and we're gonna continue to impose these very very punitive tariffs on you until you start, you know. Acting like a civilized nation. And you know, I talked to American businessmen and women all the time CEO's major companies say it's almost impossible to penetrate, the China market now, wait a minute. We're supposed to have a free trade deal with China. We by five hundred billion from them. They live by less than one hundred and fifty million from us. I mean that just doesn't work anymore. Now, you said when you saw the president of the few weeks ago, his reaction was you ain't seen nothing yet. Is there anything that you can share with us that you have worked with him on and planning that you feel like maybe? We're. Tax cuts are still just kicking in. You know, this in this spectacular tax got this lowered our business taxes. We're starting to see a lot of money flow in from overseas into the United States this repatriated capital. That's a beautiful thing. And I think that this kind of be still picking up momentum. And then, of course, on the trade front if Trump can pull this off and right now, you know, it's like trying to predict the outcome of baseball game in the fourth inning. But right now, it looks like Trump is prevailing. We got a good deal with Mexico. He's going to get a deal with Canada down in the next month. Or so we're gonna see I think probably the Europeans are now talking about being more cooperative. And then if you get something, you know, some major concessions from China, which I think he will. I don't know when that's coming. But I think he's gonna win. Ben, Ben economy's really gonna explode. Yeah. There have been reports. Republicans are proposing tax cuts two point. Oh, what exactly is in that plan? The main thing is just make all the tax cuts permanent. You know, the. As I said, you know, the tax cut is whiz worked better than we thought. It's it's one of the springboards of this booming economy. So obviously, we don't want to reveal any of it because it's working so well, so, but you know, it's so interesting. I mean, the Democrats. Shaped like Boorda running on an agenda of repealing back, Scott. I mean video thing ever. We have a booming economy after each pass the tax cut, and you want to get rid of a tax cut. It's it's it's crazy. And I said, you know, I think people should ask their their candidates. You know, you're going to keep these successful tax cuts in business because if you repeal and you're going to see a a lot of loss of these jobs now, this is sounds very similar to the kind of things that Ronald Reagan did. And of course, the Democrats have spent a lot of years saying, oh, well, the Reagan stuff didn't work, they call the trickle down. How how are we different here? Say that again the Ronald Reagan program. Democrats have spent a lot of time saying didn't work and the Donald Trump is going down the same kind of a road. How do you analyze that? Well, I lived through Reagan. Didn't did you. Yes. Yeah. I mean, what are they talking about re evaluate last economy in decades and decades under Reagan the stock market went through the roof? We had you know, four percent growth for seven years we rebuilt American economy. I think people say that don't remember what it was like when we're twenty percent mortgage interest rates and fifteen percent inflation and the American economy, which wreckage and Reagan Rideau, not just the American economy, our American military and won the Cold War. So I mean Reagan was one of our greatest presidents. I mean, I don't really understand what they're talking about. When they say, the Reagan's program didn't that we'd brow or at a lot of Reagan's ideas. Because we said look if they worked in the eighties has clearly dead, they can work again. And and and I think that's a really important important point. Yeah. One thing you mentioned earlier is President Trump is pro energies putting forward policies so that we can draw for more natural gas for more oil. But I know a lot on the left really don't like that. Because they want us to move to one hundred percent renewable. Energy. How would you respond to those on the left? I want to do that. Well, you know, it's funny. I was just looking at these numbers comparing energy class because you're there in Florida, right? And as comparing your energy costs versus California, California pays double the energy costs. Did you know that? So you don't have these severe, you know, solar win mandates. You do solar and wind is just it's not mandated California already has fifty percent mandate. They want to go to one hundred percent. Well, if you mandate utilities use more expensive, you know power sources, then it's going to mean higher utility bills for people. So, you know, this isn't something I it's just I feel good green policy. It's gonna cost your citizens. A lot more money if you were Dopp these these policies so California's crazy for doing this. I mean, they're gonna in by the way, it's the people were hurt the most by those green energy mandates. Of course, our lowest income people because it's like a regressive tax their utilities. Does go up by thirty forty percent. You know, that's a big cost to a low income family. This living on a limited budget. So we we ought to get rid of all renewable energy mandates solar and wind are price competitive. I'm all for it. But we shouldn't force feed people in in buying electric power. That's doubles expensive. Is it is when it comes from coal or natural gas natural gas, the most plentiful, you know resource. We have in terms of you know, we've got two hundred and fifty years of natural gas, thanks to shale revolution. And it's clean burning and that's abundant cheap, and it's reliable. I mean, why wouldn't we use our natural gas? Now, if you were back in the White House still advising the president. What would you be pushing for as the agenda goes forward? Well, I think he's I would tell him that you know, what what you're doing is working. So don't back down to the Democrats. Let's continue to move forward. I'd like to see him immigration reform where we could get like we we have a problem not with workers. We don't have enough workers in this country. We need the the talented people want to come here and work in the service industries and agriculture, and you know, so let's let's build the wall what secure our border, but let's also get pro-growth immigration policy brings people wanna work. Not people want to go on welfare and not people want to come here legally, but people come in through the legal process and then build a better life for themselves. And and so we need to do we need to get this infrastructure Bill time, so we can rebuild some of our infrastructure. We need pipelines. We need g terminals, we need all sorts of infrastructure. You know, we have to help re redo our ports and things like that. So there's a lot still on the agenda. But you know, Trump can certainly take a bow right now. That's why I said he deserves the Nobel prize. I mean, no. Buddy thought that what has happened was possible. And yet here we are eighteen months into his presidency. And we're just seeing, you know, every every time, I think the economic news can't get better dots. So do you think this four percent growth will continue? I think you know, it will for a couple two or three or four more quarters. And the only thing that's really I think constraint. Constraint on that growth is whether or not we can have believer force drought. Because you know, we don't have enough worker. We have seven million more jobs today than people who can fill them. And if that if we continue to create jobs like this. We're gonna have a labor shortage gets more severe, and that could lead to some of the factories leaving the United States and going to China or India places where you know, where there's plenty of workers south. We need to get everybody in the workforce, we need work for welfare requirements. So you know, if you're on welfare, you should have to work to get the benefits. There's no more free handouts, those kinds of things will help improve the lives of the people on welfare, but I'll show will help the economy as well. Let me say it one more time Nobel prize in economics for President Trump. And those words from Stephen Moore. Stephen, thank you so much more. We know you're very busy, man. And we appreciate your spending a few minutes with us that day. It's a pleasure to be with you guys. And look forward to talking to you again soon. Well, thank you kindly and wish you well, sir. Let me remind you that this is the Florida roundtable. I'm Reagan Smith, Michael Yaffe..
"stephen moore stephen" Discussed on WTMA
"It's red eye radio he's earn curly and i'm gary mcnamara eight six six ninety red i was just looking through some some some information just for the last caller the i think steel revenue is roughly about eighty six billion a year steel production revenue the industry that uses stealing the country responsible for one trillion dollars in in revenue a year so that's why when we talk about it when you skyrocketed the cost of steel you affect a much bigger part of the economy and the other thing is when we talk about larry cudlow a lot of people may not understand that larry cudlow you may not know who larry cudlow is worked for cnbc for years is an absolutely free absolute free trader when the president picked him a few months ago to be rough basically his chief economic adviser we said that's a great move it was a very positive mood we said oh good the president's probably moving away from tariffs and so when we talked about in the last segment or two segments ago the fact that larry cudlow was on promoting well don't blame the president for this it's important to understand where larry cudlow stood just a just weeks before he decided to join the administration steel and aluminum way we may win in the short term but steel and aluminum users and consumers lose one of the ironies of trade protectionism is the tariffs and import quotas and what they do and what we do to ourselves in times of peace and with foreign nations due to us with blockades to keep imports from entering our country and the time of war or consider that we impose sanctions on us enemies such as north korea russia and iran because we want them to feel the economic pain of being deprived of imports but now we are imposing sanctions on our own country by the way written together by larry cudlow arthur laffer and stephen moore stephen moore the former campaign adviser economic adviser for president trump and it's very important understand and as we all know now larry cudlow chief economic adviser for president trump but now we.
"stephen moore stephen" Discussed on KSFO-AM
"It's red eye radio he's eric harley and i'm gary mcnamara eight six six ninety redeye i was just looking through some some some information just for the last caller the i think steel revenue is roughly about eighty six billion a year steel production revenue the industry that uses stealing the country responsible for one trillion dollars in in revenue a year so that's why when we talk about it when you skyrocketed the cost of steel you affect a much bigger part of the economy and the other thing is when we talk about larry cudlow lot of people may not understand that larry cudlow you may not know who larry cudlow is worked for cnbc for years is an absolutely free absolute free trader when the president picked him a few months ago to be rob basically his chief economic adviser we said that's a great move it was a very positive mood we said oh good the president's probably moving away from tariffs and so when we just talked about in the last segment or two segments ago the fact that larry cudlow was on promoting well don't blame the president for this it's important to understand where larry cudlow stood just a just weeks before he decided to join the administration steel and aluminum way we may win in the short term but steel and aluminum users and consumers lose one of the ironies of trade protectionism is the tariffs and import quotas and what they do and what we do to ourselves in times of peace and with foreign nations due to us with blockades to keep imports from entering our country and the time of war or consider that we impose sanctions on us enemies such as north korea russia and iran because we want them to feel the economic pain of being deprived of imports but now we are imposing sanctions on our own country by the way written together by larry cudlow arthur laffer and stephen moore stephen moore the former campaign adviser economic adviser for president trump and it's very important understand and as we all know now larry cudlow chief economic adviser for president trump but now we.
"stephen moore stephen" Discussed on KKOB 770 AM
"Nine buna show it's red eye radio he's curly and i'm gary mcnamara eight six six ninety red i was just looking through some some some information just for the last caller the i think steel revenue is roughly about eighty six billion a year steel production revenue the industry that uses stealing the country responsible for one trillion dollars in in revenue a year so that's why when we talk about it when you skyrock at the cost of steel you affect a much bigger part of the economy and the other thing is when we talk about larry cudlow lot of people may not understand that larry cudlow you may not know who larry cudlow is worked for cnbc for years is an absolutely free absolute free trader when the president picked him a few months ago to be rob basically his chief economic adviser we said that's a great move it was a very positive mood we said oh good the president's probably moving away from tariffs and so when we talked about in the last segment or two segments ago the fact that larry cudlow is on promoting well don't blame the president for this it's important to understand where larry cudlow stood just a just weeks before he decided to join the administration steel and aluminum way went may win in the short term but steel and aluminum users and consumers lose one of the ironies of trade protectionism is the tariffs and import quotas and what they do and what we do to ourselves in times of peace and with foreign nations due to us with blockades to keep imports from entering our country in the time of war or consider that we impose sanctions on us enemies such as north korea russia and iran because we want them to feel the economic pain of being deprived of imports but now we are imposing sanctions on our own country by the way written together by larry cudlow arthur laffer and stephen moore stephen moore the former campaign adviser economic adviser for president trump and it's very important understand and as we all know now larry cudlow chief economic adviser for president trump but now we.