34 Burst results for "Steve Moore"
Charlie and Stephen Moore Discuss the Downfall of Chicago
"Joining me now is one of my favorite guests and a fellow chicagoan as we share our lament of the downfall of a once great American city. That's not why he's here today to talk about, but we always kind of start with the Chicago update. It is Steve Moore. Steve, welcome back to the program. Steve, every time you come back on the show, another amazing business has left Chicago. Now it's Tyson Foods. Steve, tell us the latest Chicago. I think you still live there. You travel through there, has Chicago finally hit rock bottom. Hey Charlie, great to be with you. It is just heartbreaking to me as somebody who grew up in Chicagoland. And still believes that Chicago is one of the great cities in the world, although I don't think it certainly was when I was growing up. I'm not so sure you could say that today, given the control, the inflation is, I mean, the taxes are so high in Chicago now, the schools are horrific. Corrupt leadership and a lot of the business leaders who I've talked to who have moved out of Chicago, Charlie, they're telling me they could even, they could put up with all of that, but what they can't put up with is that the danger that they face and their employees face having a business located in Chicago with the shootings with the muggings with the crime that is so rampant. And so you're right, this is about the 5th. I mean, look, Sears is out of Chicago now. Citadel is out of Chicago now. Boeing moved out of Chicago. Tyson's food. And by the way, Tyson's food moved out. I mean, my goodness, how bad can it be in Chicago? When you're moving out of Chicago moving to Arkansas, I'm just sort of saying that tongue in cheek, but it is so sad to see, even the Chicago Bears are moving out of Chicago. You see that? Yeah, that's right they're moving to Arlington hikes. The Chicago Bears can't even stay at soldier field.
Steven Moore Discusses the So-Called 'Inflation Reduction Act'
"Now is Steve Moore from the committee to unleash prosperity. Steve, this bill that the Senate passed over the weekend. It's hard to even know where to start with this. I'll just kind of give you the floor is yours. What are the big points that people need to know about this increases taxes, the green energy aspect of it increased the IRS. Let's start with the climate change part of it. Where on earth is all that money going to go to quote unquote fight climate change? Well, great to be with you, Charlie. You're right. You and I could probably talk for two hours about this is truly a dreadful Bill. 800 pages long. And I can't think of one good thing in this bill. Truly. I mean, I've read through, not the whole thing, but I've read through most of it. And it is basically just a massive increase in the size and scope of government and the invasiveness of government. And that's essentially the John Doe. I want to make one point right from the start, Charlie. If you count the $1.9 trillion Biden spent in his first months in office, remember that was the blue state bailout bill. And then that fraudulent $1.1 trillion so called infrastructure Bill, which was really the green energy bill. And then remember two or three weeks ago, they passed a massive corporate welfare Bill. That was roughly $200 billion. This one has a price tag of somewhere near. We don't know exactly somewhere 607 100 billion. That's $4 trillion. I mean, can you believe this? They're talking now, the left is talking about, oh my gosh, Joe Biden's like the next FDR. Well, if running up record amounts of debt, records amounts of red ink and deficits and record amounts of inflation, then he has been a quote productive president, but I've never seen anything like this in my 35 years. This will bankrupt our country. And let's just pray that we can stop this now. I'm not confident, but maybe there are maybe four or 5 or 6 fiscally conscientious Democrats left that might finally stay, hey, three and a half $1 trillion enough. We don't need another 700 billion.
Gettr's Jason Miller on the Ongoing Twitter vs. Elon Musk Legal Saga
"With this right now is the man behind getter, Jason Miller, Jason, welcome to the program. How are you? Thanks for having me. I'm doing great. So Elon Musk pulls out of the Twitter deal. It's a little unclear what's happening with all of that. Can you game us out kind of game this out for us? How do you see this ending, Twitter is suing Elon, you know, some people thought the deal would never go through altogether. Thankfully, we have getter as this amazing robust free speech platform, what are your thoughts? Yeah, so even though Twitter obviously is a competitor and it would hurt if Elon Musk took over. What Elon Musk was trying to do with Twitter was the right move for free speech. He was trying to get some sense of normalcy back to the blue bird, try to get some kind of control back for our voices. But what he found, what he ran into was this brick wall of liberal ideology, where he realized the culture of that company was not going to change even if he was in charge. So now this thing looks like it's going to explode. You have Musk. You have Twitter, they're fighting each other. I don't know who's going on the legal side, but there is the big question of what's actually going to be left. I mean, it's essentially a pile of rubble at this point.
Steve Moore: The New Democrats Are Too Incompetent to Bribe
"That there is a conventional wisdom. There's not conventional. There is a talking point that once Illinois hits rock bottom, it reverse course, I don't think that's the case anymore. It just seems as if there is just kind of an enjoyment of misery between the Democrats there. As long as they're in charge, they don't care. You know, I've kind of glad for having this conversation because I've lived lived in Chicago during the 60s and 70s. I went to the University of Illinois that since then I've lived in the swamp and watch, but I still have all my family in Chicago. And the whole, one of the big parts of the history of Chicago is Richard Daley. He was a Democrat, he was, you know, there was a lot of hanky panky going in Chicago, but they called Chicago, the city that works. That's a nice way to sweat. You had to pay off to get stuff done. In Chicago worked. And that's the old fashioned Democrat, right? Now, the new Democrats, nothing works. That's right. And the whole thing kind of just, you know, I think that's so insightful. I've said for the longest time, I will take the most corrupt back dealing Democrat in a second over an ideologue. I mean, okay, fine, you're paying off some developers, some contractor, you know, you have some, I guess, some it's just a cost to do in business. Yeah, it's built into it, but you know, it's kind of this old thing back in the, there's a true story. I mean, mayor Daley got John F. Kennedy elected through widespread voter fraud. That's proven. And so mayor Daley senior, not junior. And there's kind of this story where he asked all this money from for Jack Kennedy for federal aid to rebuild Chicago and he asked for something like $25 million to put in a transit system and all this. And he's like, hey, this project is only going to cost us 10 million. We'll be able to divide the 15 amongst all of us. And he said, we can get it done quickly. And actually, you look at today, it would cost adjusted for inflation ten times that. And so the new saying is that the new Democrats are just too incompetent to even bribe. Yeah, exactly. No, I've always said ideological a misguided ideologies far more dangerous than graphic corruption.
"steve moore" Discussed on The Charlie Kirk Show
"Who are the leaders that change the world. They're the nurses the teachers of pastors the counselors. They're the people willing to serve with excellence and make a difference. To improve communities and shape culture, you must serve as they do. Developing the leader in you is a priority at regent university. Our exceptional degree programs will equip you with the skills and Christian character that set you apart and prepare you to lead with significance. Say yes to your purpose, visit regent dot EDU slash learn more. That's regent dot EDU slash learn more. Hey everybody, what happened to Chicago? Kind of an impromptu conversation with Steve Moore, then we talk about the Biden administration's lack of business expertise and inflation. We also talked to Jason Miller from getter about what's going on online and how TikTok is like giving your child heroin. So if you don't want your child to be on heroin, then don't have them have TikTok. That's right. I talk about it a little bit on this program, but I have done a deep amount of study and research and there's a growing body of literature that shows the main reason why your kid or grandkid is anxious depressed, doing marijuana might not be feeling the way that they should. It's because they're screen time largely driven by these apps by foreign oligarchs. Provocative? Yes, true, you betcha. Support the Charlie Kirk show at Charlie Kirk dot com slash support and get involved with turning point USA TPUSA dot com that is TP USA dot com. Come to our student action summit. You guys know who's going to be there. Trump, desantis, for turning point action, turning point USA Ingram, gutfeld, and so much more TP USA dot com slash SAS. Buckle up everybody here. We go. Charlie, what you've done is incredible here. Maybe Charlie Kirk is on the college campus. I want you to know we are lucky to have Charlie Kirk. Charlie Kirk's running The White House folks. I want to thank Charlie. He's an incredible guy, his spirit, his love of this country. He's done an amazing job, building one of the most powerful youth organizations ever created, turning point USA. We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country. That's why we are here. Brought to you by Andrew and Todd at Sierra Pacific mortgage for personalized loan services you can count on, go to Andrew and Todd dot com, the wonderful Andrew and Todd dot com. With us right now is a great American. I've known him for quite some time. Steve Moore, Steve, welcome to the program. Hey Charlie, thanks so much for having me. Great to be with you. And you are a great American. So it's a pleasure to be on your show. Thank you. We've known each other for a while and both from Chicago and unfortunately that whole state has been largely destroyed. So you have this great you see that Ken Griffin moved out of Chicago. There's a great article about him. I know this isn't the subject of our conversation, but it's really important. It showed that he is given hundreds and hundreds of millions of dollars to the museums, the orchestra, to food banks. He's one of the most philanthropic guys and he's, I don't think anybody in the history of Illinois has given more to the civic institutions of Chicago and he finally had to leave because of the high taxes and the high crime rate in the city of Chicago. And it just shows what happens when liberals ruin a place because all these institutions like how are we going to replace Ken Griffin's money? That's a good question. Maybe you shouldn't have chased him out of the state. And it was you're exactly right. So ran a company called Citadel and started it right there in downtown Chicago, enormously successful. You could point to so many of the beauty of Chicago because of his generosity and philanthropy. And you actually look at why he left in the report, there were three Citadel employees that were mugged on the way to work, Steve. I mean, you and I grew up in Chicago. I mean, this is river north. This is not, you know, near comiskey or U.S. cellular, right? This is the heart of Chicago where people are being mugged at 8 or 9 in the morning or at 5 or 6 at night. Actually, I know you're not here to talk about it but Steve, it's really quick on the Chicago thing. I mean, it's just tragic Boeing is now left. Caterpillars. Caterpillars gone Citadel is gone. And you're right. And they actually had to shut down for several weeks the theater district in Chicago because it wasn't safe for people to go to theater. My point is that, you know, and this is happening now in New York City. It's happening in San Francisco. It's happening in Los Angeles. Los Angeles are great cities are being destroyed by wokeism and this big government socialism. So it's a warning America. It is, and the violent crime thing is just totally out of control. And a question people have in Steve, maybe you could add some context to this is why don't they course correct? I mean, it's so obvious Chicago's become a wasteland. I saw, I mean, I was just in Chicago yesterday. And I just picked up a mailer at somebody's house. I was at of just all the real estate listings. And I was shocked at how cheap real estate is in some of these communities versus what I'm used to kind of seeing here in Phoenix or in Florida. It's obvious property values are down violent crime is up, population is decreasing. Is it just kind of one of the things Laurie lightfoot and JB pritzker want to rule over the ashes? What's your interpretation as someone who loves the state of Illinois like I do? First of all, Charlie, I mean, it breaks my heart because I think of Chicago as one of the ten greatest cities in the world. Totally agree with you. And so, I mean, to see what's happened is heartbreaking. You know, we'll come back, but there will be and you mentioned lightfoot and pritzker. I mean, two of the worst, maybe the worst mayor in America, and maybe the worst governor in America. Maybe. The joke is, I'm not Charlie, the Democrats are talking about running pritzker for president. I mean, this is going to sound crew. He's never run for anything in his life, but continue, yes. So it's almost comical that the two leading Democrats for the presidency in 2024 right now are if you have a Newsom was to strike California and JB pritzker who's destroyed Illinois. And that shows you how our short their benches. And I'll just end this little conversation about this by saying, folks, guess what state that Ken Griffin moved to? Florida. Florida. That's right. The free and open state of Florida. And that is the question..
How the Left Is Destroying Chicago With Steve Moore
"With us right now is a great American. I've known him for quite some time. Steve Moore, Steve, welcome to the program. Hey Charlie, thanks so much for having me. Great to be with you. And you are a great American. So it's a pleasure to be on your show. Thank you. We've known each other for a while and both from Chicago and unfortunately that whole state has been largely destroyed. So you have this great you see that Ken Griffin moved out of Chicago. There's a great article about him. I know this isn't the subject of our conversation, but it's really important. It showed that he is given hundreds and hundreds of millions of dollars to the museums, the orchestra, to food banks. He's one of the most philanthropic guys and he's, I don't think anybody in the history of Illinois has given more to the civic institutions of Chicago and he finally had to leave because of the high taxes and the high crime rate in the city of Chicago. And it just shows what happens when liberals ruin a place because all these institutions like how are we going to replace Ken Griffin's money? That's a good question. Maybe you shouldn't have chased him out of the state. And it was you're exactly right. So ran a company called Citadel and started it right there in downtown Chicago, enormously successful. You could point to so many of the beauty of Chicago because of his generosity and philanthropy. And you actually look at why he left in the report, there were three Citadel employees that were mugged on the way to work, Steve. I mean, you and I grew up in Chicago. I mean, this is river north. This is not, you know, near comiskey or U.S. cellular, right? This is the heart of Chicago where people are being mugged at 8 or 9 in the morning or at 5 or 6 at night. Actually, I know you're not here to talk about it but Steve, it's really quick on the Chicago thing. I mean, it's just tragic Boeing is now left. Caterpillars. Caterpillars gone Citadel is gone. And you're right. And they actually had to shut down for several weeks the theater district in Chicago because it wasn't safe for people to go to theater. My point is that, you know, and this is happening now in New York City. It's happening in San Francisco. It's happening in Los Angeles. Los Angeles are great cities are being destroyed by wokeism and this big government
Our Country Is in a Really Bad Spot...
"Country's in a really, really bad spot. And I think the reason really comes down to this, you have a bunch of inexperienced people that you know, Joe Biden has been in Washington, D.C. forever. Sure, but he still lacks experience in the he doesn't have the executive chops that one would need to be the president of the United States. He doesn't have the leadership chops. He doesn't have the get up and go that maybe a younger person might have, not that I'm an ageist, but you know the guy's 79 years old. And so all these things combined, their problem. But you see, it's not just him. The team around him is really, really lacking. I mean, heck, you got speech writers that are writing total blunders and Joe Biden's speech and San Antonio. Doctor Jill, that really offending a lot of people. If you watch yesterday's podcast, you heard what she said, which included the Hispanic community coming out. The journalist association saying, hey, wait a second. We're not tacos. It's a rad tag team. And I suspect the real reason for it being so poorly performing comes back to this. And that's that nobody there has actually had a real job like ever. On average and my friend, The Economist Steve Moore, over at the committee to unleash prosperity, did an analysis of this. He and his team, they looked at the education and the professional backgrounds of all the people in The White House in the administration right now. And what they found is all the top people have, on average, two, maybe two and a half years of actual work experience. Think about that. All these people, they come from academia and law and politics. They haven't actually had real jobs or run businesses. And I think that is the main differentiating factor between what you saw in the Trump administration and what you see now.
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.
The Biden Inflation Tax With Steve Moore
"We on this show were early, we were right. We predicted it, we saw it coming, which is the inflation crisis. If you go all the way back into the spring of 2020, a year and a half ago, we did an entire hour long program on inflation. What it is and why it's coming to America and why the leaders in charge could only be, let's say, intentionally bringing us towards an inflation curve. This is by no way whatsoever in accident. This is inflation by design. This is in my personal opinion and attempt to try to justify mass immigration to try and give a basis to try and say we need millions and more people. And someone who I know knows this very well is a friend of mine, a fellow chicagoan. Steve Moore, Steve how you doing? Hey, Charlie, great to be with you. Thanks for having me on it. You are spot on. You were right about inflation. I was right on inflation and Joe Biden was wrong. And so was Jerome Powell, the chairman of the Federal Reserve board. And the new numbers that came out this morning show that we're now the producer prices are up 8% in a year. And Charlie, this isn't complicated when producer prices go up. Guess what happens to consumer prices? They just get passed off. 8.6% increase. So can you translate the economic language to really what that means and how significant an 8.6% increases? Well, it means every time you go to the grocery store, every time you go to the gas pump, every time you go you travel every time you buy anything out of Walmart, things are going to be more expensive. And inflation is a is a regressive tax. I love when Joe Biden you've noticed he's not going to raise tax for anyone who makes less than 400,000. Charlie, he already has. Yes. Every time you go to the basket gas pump, you're paying what I call the Biden inflation
"steve moore" Discussed on CATS Roundtable
"Good morning america. This is the cat's table truncates mccabe's here well sunday morning. What's going on with the economy. Well we got steve moore. When countries top five economists and the market is all time high. Again tell us what's going on. You know job. We say this week after week but it was another roller coaster ride right with the foul way down on monday. Or tuesday and way back up again and i. I think it's closed this week. you're right At a not if it's not an you're an all time is very near an all time high and so we've got a market. That's really on fire and i think it's because we're you know we're we really are seeing businesses reopened and we're starting to see people back to work not as fast as you and i would like but it is happening and so that's the good news part of the story. The other part of the story was. I was really struck by that Conference that President biden had. It was a townhall meeting on cnn. The other night the one of the things that he said to me. That really bothered me john. If he said you know all the the small businesses that restaurant owners advertisement you know. What do i do. I can't get my workers fat and you said well you've just got to pay your workers more and i just thought that was a relative relatively arrogant thing for president to say especially one. That's never really actually run a business or even more for business. I think the problem. John because even though the market is going through the roof small businesses across america really struggling still because they got a shortage of workers. They're worried about cats is going up. They're worried about reregulation. So i think right now. It's a real double edged sword. And how do you see. Next quarter's earnings Democratise well again. The big companies are doing really well. The tech companies are doing well You know the home depots. The big box retailers are doing really well. The energy companies are doing well even though Vitamins restrictive energy production. Because they've got a lot of know energy that's already been drilled. So i think you're gonna continue to see you know Good earnings for companies. Although to me john. And i'm not a market you know Financial analyst but it looks to me like stocks are pretty high right now and so i. I'd like your advice about that and more than mine. But as i look at things you know. Those prices are Are very high. And i don't think they take proper account of the political risks ahead. The big tax increases the big regulations. The new antitrust actions that by lots to do the massive increase in debt. You know that's going to bring down profits over time. Not increase them. Where do you see energy prices going. You was ex. Dropped to sixty six back now. Over seventy what do you think. Well i think one of the things that's going on and it's especially if the energy market is this concerned about the delta variant with respect to kobe. And so you're starting to see a few states even shut things down again. You're starting to see more lockdown orders and so on. I hope that that doesn't become a trend. Because you know the death rates covert continue to plummet and you know we've got most of americans are vaccinated The vast vast majority of seniors who are really really at risk are Are vaccinated so i think the dangerous have been way way overstated on this but if you get another round of lockdowns that's profoundly negative effect on the stock market on the economy. So beware of that john. The other thing about that and energy market is you know. It seems starts a lockdown that means people use a lot less energy right and then you've got a reduction and demand when supply is starting increased. But you know some of my friends. John say people in the oil industry still say they think by the end of the year. We could see a hundred dollar bill energy. I wonder if you agree with that. Well you know. The market's moving sister direction. Where you're not selling enough. You can sell it you wanna sell it for more to make up For course and like sound funny but it works that way. Sometimes and i think the by closing down the keystone pipeline. The opec has less competition. Russia has less competition and aching squeezing. Get more for the product because it's less competition. I i completely agree with on that. And i've gotta tell you john the thing that disturbed me maybe. The most this week was on. I opened up the wall street journal. Lift at the front page. I think it was on either tuesday or wednesday big story about how joe biden has green lighted this massive pipeline between siberia russia germany which will then allow that russian natural gas to be distributed throughout western europe And yet on that. Known steve book on that note. American loses russia. Donald trump did that. They'd be hanging him for treason. I completely agree with you. John and why is it that we're shutting down our type lines in the united states and yet he's allowing russia to one of our primary enemies to be building these fights though the nobody understands nobody understands. Yeah if i stuffed up to so many people. Nobody understands the rationale of of shutting down keystone pipeline. Turning on the russian pipeline. And you know eat by the way just to give you a sense of how crazy this is. Even barack obama was against that russian pipeline. Even obama was but fighting this for it. And i think it's because you know he's trying to buy friendships with germany and with russia and then friendships markings on her way out. She's done in september. No laughing all the way to the bank. You know the the other thing. John is ronald reagan products. Very important lesson which is weakness is provocative. I think side and looks weak right now. And and i think a lot of our adversaries are looking at buying saying we can cut deals with this guy. He's not gonna stop us from doing things that are dangerous to You know what do you think the chinese think when they see something like this and laughing. Stay book we're out of time. But i'm gonna be listening to you every saturday at two o'clock three o'clock radio more money and more money. Well thank you. So much steve moore. We'll talk again real soon. This is the cats found take..
"steve moore" Discussed on CATS Roundtable
"The good morning. America this catch roundtable. John kass he's years sunday morning. Economy where are we. We just days when the country's top. Five economists even more your morning steven how are you. Good morning john. I'm doing great. Thank you economy. Stock keeps going roller coaster. Where we going. I mean we're up towards the end of the week again. It looks like the the banks of passed the stress test There might be buying back their stock the pulse of things that you think we got the first quarter. Gdp report came out. Now that's looking but we had about six percent growth in the first quarter. That's a good solid number and right now the economy's tracking for the second quarter of this year Which ends you know in in a week or two that is tracking at about ten percent growth. So you'd be kind of growing very rapidly as we come out of the covert crisis and the maxine Gets people back to work and businesses reopen. So that's that's really good news story. Then i have to say you know. The united states is running way ahead of the rest of the world in terms of picking up and and recovering from colds. You know asia's still has a problem. Areas europe Many areas of europe are still under Various lockdown orders whereas in the united states even california john even california new york or getting close to being completely open and so. That's a very positive story. It's one of the reasons. I'm very optimistic about the rest of this year. I think it's gonna be a very strong second half of two thousand twenty one So that's the good news of the story. The bad news is we're making all sorts of mistakes. John that are not actually improving things. But actually you know slowing down this recovery. And i'll mention a couple of them. One is the inflation rate. Came out again this week and it continues to be high now. This is probably sounding like days to your listeners. Because we've been talking about this on your show for the last six weeks and every week. I say it's license getting higher. And that's that's simply is the truth and it's a problem and the fed doesn't think it's a problem. And they think it's transitory but as we see these numbers coming in some of the big banks. Some of the major economists. And my like. Larry lindsey who worked at the federal reserve for are saying. Wait a minute. The is way too optimistic about its strategy of of getting inflation under control. I'd like to see the federal reserve for more immediate action. The other big issue that happened this week. John was this five partisan infrastructure bill. That was released on thursday. Which i hate. I think it's a terrible deal. Republicans got snookered I liked the wall street journal editorial page headline on this which said double cross. Because that's what happened Biden said you know we will do an infrastructure bill that will be concentrated on roads and highways and bridges and airports traditionally infrastructure. And as i look at the numbers only about twenty percents of spending is for those kinds of things. Most of it is for the green new deal for electric vehicles. It's for Thirty thousand dollars to question moore has mitch. Mcconnell approved those five. Us attorney salaries. There went to the meeting because they look like the ones that were fighting with With him it was a mitt romney and the lady from alaska. So is this a real compromise or is this is on my leg. Jbs compromise well. I we don't know for sure yet. But you're exactly right. You're on top of the story john. You're exactly right. Which is that. Originally they were ten members of the republican senate. That were part of these negotiations. I've dropped off. And then what happened was by the way. So republicans have rolling and go with the deal. Thousand include massive tax increases. And by that. Okay sure you know wink wink wink to his liberal friends. In the congress and sure enough as soon as he had the deal with republicans he ran over and on ansi pelosi and chuck schumer said. Okay we'll just pass the big massive tax increase under different bill. And we'll pass this. Bipartisan bill with republican and to their credit a number of the republicans were part of that negotiation process. And whoa whoa. Whoa this is not what we signed up for my mitch mcconnell. His saying he's going to. He's going to try to defeat this bill. i think he may well be able to. I think joe biden overplayed his hand here because You know the republicans would be giving biden this big quote victory on infrastructure and then we got whacked with additional spending an additional taxes and so That is very well. I'm not sure i'm not wrong. You are certain fire. The us senators that were not on mcconnell team which is leader and they went off on own and joel The white house took the opportunity to use it as a pr piece. That oh this compromise. So you're you are right on top of the story. John that makes makes a great reporter. And so one of the five by the way that signed off on the final deal with lindsey graham and south carolina. I don't know if you know lindsay. But i think you're not bad dinner with them as a matter of fact that she was. He was hopping mad. He said i got snookered by these people you know. And now he's saying he's backing off the bill so the bottom line here terrible infrastructure bill. It doesn't build roads bridges highways. It's all this green energy soft money for the irs. It's money for Electric vehicles and and things that really are not the core infrastructure that this country needs. How how did the guy say intesa blanca. I'm shocked shocked that there's gambling going on in this. Well that's i i. I'm always surprised at the republicans. Thought they could make an honest deal with these with five because he's just not been honest broker and i am most worried right now. Frankly about runaway spending in washington because is not backing off on this. And i'm i'm worried about the big tax increase that he wants to pass in the fall but i believe if republicans will stick together. I think you're gonna get mentioned. I think you're gonna get krista simmons cinema of arizona. And i think we're going to get more and more democrats who voted in in two. We're gonna say wait a minute. This is not what my constituents want and I hear there's maybe eight to ten democrats in the senate now. That are very nervous about how far to the left. Joe biden this time to take the country just I'm very worried about this. I am but you know the good news is if we could just get them to stay out of the way. I you know the economy's recovering nicely. You mentioned the fact that the look the nasdaq. My goodness i mean the nasdaq just keeps going through the roof. We've got an economy. That really is about the best in the world right now so just leave it alone you know is my my old coach coaches. Say you know if you've got a winning strategy stick with that strategy don't change and And i do worry about government getting out of control and the interest payments on the debt. You know we're looking at. If i didn't passengers whole agenda increasing the national debt from By about twenty two trillion dollars over the that game a great country does not follow which way to start stephen moore. Thank you for coming on this sunday morning and bless you in globalism you too and i hope you have a great great Fourth of july. Which is coming up by david. Time of the year or so. I'm ready to celebrate. America's independence bless..
"steve moore" Discussed on 77WABC Radio
"Two teeth dot or g'kar. This'll is more money with economists Steve Moore now Steve Moore. Morning, everybody. Thank you so much for taking time out of your Saturday afternoon. So listen that WBC and to listen to me. I am honored and privileged to have the opportunity to speak to you every Saturday afternoon at two p.m. from 2 to 3, and it is the highlight of my week to hear from you all this is the favorite part of my show is when I listen to you because you are the voice of the American people. And I want before I get to Joe in Georgia. By the way, we have a listener from Georgia. So where we going all the way up from Massachusetts to Georgia? We've actually got listeners in California. So cool. We have people all over the country listening to more money. But before I get to Joe, I just wanted to remind you if you want more information about what's going on with the economy. What's going on politically? What's going on with with your money? Please go to the committee to unleash prosperity Website. That's the committee toe unleash prosperity. Just Google that and sign up for our hotline that we will send to you ready for this, folks. Marie. It doesn't cost you one penny. This is not a gimmick. We will send it to you. Nuke English. My good friend who was the former speaker of the House says it's one of most important things to read every morning. By the way, you can read it. Five minutes. We have a you know, It's just chat full of information charts and graphs. And if you get into this stuff if you get into politics and economics, I think you'll love it. So just go to committee down the prosperity. Just click the button, So I want to get the hotline. You have to give us your email and we will send it to you every single morning, five mornings a week. Okay with that said, Let's start. Let's go to the switchboard. The lines are lighting up. I love it, so I want to start with Joe McCutchen Joe in Georgia. Steve Steve. It's great to be on your wonderful show, Steve. As far as I'm concerned, you're the number one taxpayer champion in America. I would vote for you for President United States Any time by questions, Steve Yes. Find the pry The policies of mine. More tanks is more government. You know, they're gonna hurt the economy. What is the possibility of steel with all your influence? You can stop that the bottom tax and spending increases. But your third place personal. Thank you for that. Very, very nice compliment. I want to just say this that it's going to take all of us all of us, Joe because I think we're in a crisis situation right now, with the massive spending the massive following the massive debt The increase in regulation, the climate change fanaticism. I think this is a real period where we have to. You know, you can't be a pacifist right now, folks, You can't just sit by and watch this happen. Or I do think Joe. Our country is in great danger of going bankrupt. I mean, you can't continue to borrow trillions and trillions of dollars a year and take that that it will have a happy ending. Out. Do I think we can stop this show? I do. I really do. I think Todd Biden has peaked. I think people obviously want to see the pandemic come to an end, and that is coming to an end. Thanks to Operation Warp speed on the vaccine. That's a wonderful day for America that we finally defeated this terrible, terrible I would say completely defeated it, But I think for 95% of the way there the American economy is opening up and Joe I want your opinion. This I don't think we need $2 Trillion more spending deal. They We certainly do not. And I'm just so proud of you for fighting. I think you're 24 7 your own television morning You were on television three times. Yesterday You were on C span your own regular fox and then your own cut those nobody talks. You have more influence. Steve, you're incredible. And I'm just honored to be be a friend of your Well, your good friend. I appreciate your calling in and God bless you as well. All right, so thanks so much, and let's go to the next caller, And I believe that that is Richard. That you're there You're there. Out. Well, if we, Richard, I'll give you one more chance. Richard. You there. If not let's move on to Steve in New Jersey. I say they Is this is Steve, Are you on C Energy policies. Loser here. Yes, Yes, I hear you. Okay? I'm sorry. The bad energy policies of the Biden administration are causing not only an economic but a national security crisis for the United States. The economic crisis is a parent. Obviously, all the people have put out of work and no degree. They're not going to be replaced with green jobs. No, that's the inflation I I agree with Art Laffer. There's various factors T o letter causing the cost to go up, but at the heart of it is immediately You're driving up the cost of fuel, and it's close to more to transport goods. All right, So that's the economic crisis now, and that's why people start seeing prices go up the national security crisis this and I'm almost as old as you so I remember that all right? Joe Biden is making us now but more energy dependent on our enemies, particularly Russia. Remember Russia? Russia? Russia are big energy, but now we're gonna be partially energy dependent on Russia are Enemy and I'm old enough to remember. And so were you. 1980. What does that Russia that the Soviet Union in controlled by Russia? Do they moved into Afghanistan? Remember Steve? What was their goal? I don't want to get Get more control of the Middle East and choke off the oil supply. Who were they trying to hurt? Ultimately us? I want the folks out there to remember that you and Joe Biden's policies Now that's the national security crisis. Sir, I'll defer to you. Thank you. Okay, so see, Joe. See, before you go, Uh, do you think that China is going to reduce their carbon emissions? No, no, That's a joke. That was a joke. I mean, I mean, nobody just being nice because that you sound very knowledgeable, but I agree with everything you just said about the energy issue. And, you know, we need to be energy Independent. We don't want to be dependent on you mentioned Russia. But what about starting radio? What about Iran? What about Venezuela? Are we gonna get oil from those? Countries. I mean, I don't understand the logic of this and I don't understand how any sane person who knows anything about China and what the Communists in the Beijing government there are trying to do. I just, You know, I know some of these people they don't care about the environment They care about global domination. Yes, you are. You are correct, sir. You know, And I'm I'm old enough to I was on those gas lines. I was pumping that guest one day if you want. I'll describe to you how bad it got with. I didn't even days and I had to wait..
"steve moore" Discussed on CATS Roundtable
"The cat's cable tron cats here sunday morning economy. What's going on with the economy. One of the country's top five economists. We have seen more with us. Good morning steve. How're you doing well. The market is made it all time. High then retreated now under underway back to the all time high. The what's the truth you know. Look we've gotta recovery. That is very powerful right now. A lot of jobs out there. Eight million unfilled jobs of businesses. That are getting back on their feet. It's a wonderful thing This week joe biden said more no more mass which is a great thing. I mean as just about anybody who wants the vaccine can have access to it either. Really positive things for the comey. It would also up very nicely. for biden. money came into office. And so here's the problem. We got number one as we talked about last week on your show. We got too many people sitting on the sidelines. Not working and that's because the government is paying them very large benefits that that make us financial interest to to not work rather than go back on the job and that's hurting small businesses across the country from maine to california We gotta get rid of those three hundred dollar week on this and by the way fifteen states now have done that. Fifteen governors have called for no more three hundred dollars a week. Extra benefits unfortunately new york and new jersey and connecticut are not among those fifteen days. Now the other problem job that has reared its ugly had is the return also big. I word inflation. We saw the biggest increase in consumer prices and ten years. This week with the report that came out by the labor department. That's the kind of fighting and it was a big increase. It was you know you look at what's happening to corn prices. You're looking at what's happening today on gas prices. You look what's happening the lumber prices look what's happening to service. Prices like trying to get an electrician. I'll about some of these. Prices have almost double. That's causing real hardship consumers. Now the big question. John is whether the fed can step in. And if this in the bud before we have really high persistent inflation. I don't know the answer to that yet. Will have to stay too. But you know. I i was on maria bartolomeu this week And i predicted predicted that. You're gonna see By september october at least six percent. Annualized inflation based on what a. What do i see any well. Markets would i see food markets. And i'm in and How how do you and mean larry kanobi disagree on it a little bit. But how do you see things. For example. you're in the oil business. You know that the oil companies are hard time getting the truckers to deliver the oil to the To the gas pumps because there's a shortage of works right now You have the problems with the pipelines. Everybody knows about You know in place. Look doug place very simple thing as we all learned the economics one hundred courses in places too many dollars chasing too few goods and right. Now frankly there. We've got too many dollars sloshing around with the fed massively increasing its balance sheet trillions of dollars. That's putting in the economy. And then you've got the federal government that's powering you know several trillion dollars a year You've got the massive increase in government spending increases demand when there's not an increase supply. You know. I'm just surprised that the people in washington are surprised that we haven't played a of people are thinking treat what took so long for inflation. Begin your but it is here. I think the fed is going to have to take some prompt action so that does not become a long term problem for the latest kind of joke is that you know The joe biden is Is plagiarizing jimmy carter. And let's hope not. 'cause jimmy carter was a disaster but you know it's too early to tell whether this is temporary or long term but one thing is for sure john we don't need another two trillion dollar spending though. That's the only gonna make inflation problem worse. Where else do we go The the market itself what what is what do you think you're anticipating. Well here's the thing. John you know you're you're more of a market specialist than i am But i will say that that we know from the past that were that inflation is the enemy of equities right in stocks when goes up interest rates go up and when interest rates go up people get out of stocks and they go into buzz so you know the market is telling us right now. They're not too worried about inflation but maybe they should be. I mean we saw you know a point. Nine percent increase in consumer prices in one month. That's live on an annualized basis. That's eight nine ten percent inflation and by the way i want to say one of the things joe biden keep saying talking can raise taxes on the middle class or lower income people. Only the very rich are going to pay for it but john. Inflation is a tax. Every time you go to the grocery store and you pay more because of a place and that's a tax on people every time you go to the gas pump and you pay more. That's that's a tax on people. I'm paying you know seven or eight dollars every. Fill up now more than i used to say. That's and by the way who were the people. John hurt most by inflation lower and middle income people the war and the middle class and they hurt by inflation. If you're paying more a dollar more a gallon that's you use fifty hours a week. Forty six forty dollars weeks to some people a lot of money and they're feeling you know and and that means they have less money to for other kinds of purposes that they also that that are so important so you know i just feel that this is a real opportunity for the republicans to say to buy. No we're not gonna do more. Spending the spending is not something that's in our economic and national interest and You know let's start saving money rather than borrowing at at the pace that we and then look if we do that. I think the rest of your cause very strong as you know i. I'm still bullish on this economy. I we're making a lot of dumb tolerance policy mistakes with the overspending overtaxing and over-regulating. And then you know not building pipelines. Or don't you john right not right now. It looks pretty. Stupid that we're not building these pipelines. It looks very stupid. Were hurting me. The country in the american people because america has a hundred years worth of oil. Steve moore thank you for coming. You're under sunday morning. I look forward every weekend to listen to your show. Warm money on. Wbz newsradio to a day job and it's always privileged to go on a new radio station. Wabc knew that. Show real scheme out. So i look forward to it as a great weekend and we'll catch up there..
"steve moore" Discussed on CATS Roundtable
"But they're acting like they have you know towering majorities. They don't even have You know billy. Fifty one votes in the senate include camel harris. And i gotta tell you this. I think there's a fifteen. Don't you john. On the part of the voters we all of this spending. It's just so much that and and we're not socialist in our dna. I think the american people are very troubled by this spending less. I don't think there's going to be a backlash well. I i do agree with you into this. I think the democratic party is trying to get everything done now. versus waiting 'til later And i just don't understand if they get things done that shouldn't be done. Does that mean if there's a republican majority you're going to get him undone well you know. It's always hard undo. Thanks john you. Something gets established into law. It's very difficult. You know because then the president has a veto takes two thirds of both houses. Do this stuff. But look i think you make a great point. The republicans actually buying for example on it infrastructure. They said look. We will do a big infrastructure. Bill you know Over half a trillion dollars number has rejected. It said that's too little you know used to be. You know you. And i can remember what happened. Trillion dollars was a lot of money and yet they scoffed at The republicans were saying that they don't want half a they want the whole load and then she said that's not the way politics works and i think it's going to work to the detriment of the democratic already and i think to the parties to countries. Well look this. I said it. We got the week on your show. I will say it again. I think this economy is primed up for a big big expansion. We saw the other big news this week. John don't forget we had almost six and a half percent growth in the first quarter. I mean that's a blockbuster number that that is a soaring number of recovery. And that's not three straight quarters. You know the the third quarter of two thousand twenty the fourth quarter of two thousand and twenty the first quarter of two thousand and twenty one. Where we've seen a real remember. We used to talk about the v shaped recovery. Well that's what we're seeing right now. And i'm here to tell you. I don't think we need a blizzard him. But there's no spending let the economy heal on. Its own ninety percent of democrats. Do the right thing for our country and ninety percent. Republicans do the right thing for our country. I don't believe the extreme ten percent on each side should be fighting the way be the moderates way common sense. Republicans commerce has democrat. Should be acting. And i. I think washington is broken and somebody has to have the courage to stand up and say enough is enough. I think the american people are there you know. I think i talked to some of my democratic friends who don't completely understand why by and is being guided by a very very liberal. Ethos in this white house. I think he'd be very buys politically and then another example when he talked about in his speech when he talked about the You know the vaccine and how we're doing a great job of distributing this vaccine.
"steve moore" Discussed on CATS Roundtable
"Morning america. This is the catch table. Try and catch matisse. He has sunday morning. Well the economy. Where are we going to machi. Almost thirty three thousand this week and we have wanted to country's top economists with us We have stephen moore the morning. How stephen i don. I'm doing. well thank you. The stock market has an all time high Interest rates are stein to creep up. What does it all mean. Well it means where we are in recovery a strong recovery. I think we you know there was news. This week about Movie theaters opening up cruise lines. Maybe starting to get going again restaurants or opening up throughout the country even new york so this is the start of a nice recovery. I am happy about the news Upbeat about the news about the vaccine. We're doing a good job of getting people made it So that's the positive news. John i'm worried about something and you know what that is. The budget the budget and the tax increase. So the big news. This week was that. Joe biden announced this massive tax increase. That's one of the biggest tax increases in your in my lifetime You gotta go back to the seventies practically the remember when patch rates would be as high as they would be under the biden plan. We're talking about higher taxes. I capital gains income. We're talking about higher small business tax income we're talking about corporate the corporate rate going up to one of the highest rates in the world. There's also an increase in the death tax. There is talk of a wealth tax. John that would be two percent for europe-wide every year year after year. So after ten years government will take twenty five percent of your wealth. Away from you There's talking about energy taxes and john. I think this is throwing a wet blanket on hot economy. I don't understand the logic if we want to get this economy booming again why we would be talking about one or two trillion dollars of higher taxes. The new Thing may pass was one point nine trillion dollars in only nine percent of it was for covert right. The other one You know the other one point. Seven trillion was for Well i hate to you know. i don't do. Democrats and republicans. I just do common sense. It was for gifts for states and local senators. And and it's just a lot of money. And where's that money. Come from while that's the point right. You bills have to be paid. That's has to be repaid so the massive amount of borrowing. There's been this This mythology but somehow this could be free money. Everybody's gonna get free from the government. Nobody we're not going to have to pay for it and john. Do not believe for one minute. I hope no one listening to your show believes that only the top one or two percent of income are going to pay for this. There's not enough money you can get from the top one or two percent. Someone in the middle steve. Gasoline is up. It's going to be up almost a dollar. A gallon exactly tax at attacks every american around and when when the food companies get get raised on gasoline at prince quartz food food is going to go up to endorse and that when i see the feds say well. We're not really worried about inflation. I think gee maybe you go to the gas pump. Maybe you should go to the grocery stores and see what people think my bottom line message. Is this job. This is the worst possible time to be raising taxes on american businesses and investors and consumers We need to let the economy grow. We need to get back to the kind of growth. We had under trump which i think is very possible but it putting a big tax increase that lady gentleman could be as high as two trillion dollars on top of the economy. Right now i think could really reverse the progress we've made and when they say we're only a soak the rich my line is everybody gotta get an umbrella. 'cause they're coming after you to well steve moore thank you so much for coming on and thank you for tidbits and scary thing. It's more true than not and Let's up next week and find out what's really happening. Thanks john have a great make. This is the catch roundtable greg back..
"steve moore" Discussed on CATS Roundtable
"Now. The stock market all time highs. Where are we going or this. Today's a one of america's top communists and irregular in the show. We have with the steve moore. How you steffan got under well. Thanks very much now. We in the trump economy bind economy. Oh yanni solve the cohen problem economy or a little bit of each of those john. I think you raise a great question. There's no doubt that Trump really laid the table for an economy. That is is really ready to boom. I mean we we vaccine. That's getting out there at a very rapid pace That's a very positive thing. The most important thing for the economy right now is the vaccine out there so we can open up a push economy by the way. I disagreed with joe biden when he said the other night. And it's national speech so we're gonna have. The economy opened up fourth of july. So you can have parties with your family. I mean come on. We should have this open. Economy opened up by the end of april early may and meets by the way already open. It seems like the president doesn't realize you've got half the states in the country that are pretty much fully open now with the restaurants their stores churches church's school so I'm optimistic about the second. Half of this term This year i think that the As we get the businesses real way when they are feeling more comfortable about going out for example My brother You know has not really been able to go out for almost the have health problems and he could not you know afford to get Corona virus well now has vaccines and it's the perfect example. Now someone use life is back to normal and as we get back to normal. I think you're gonna see a really nice. Recovery consumers are going to spend You're already seeing Signs of airports of being more crowded stores being more crowded. We made been see. you know. Movie theaters start to reopen. We may even see cruise ships thirty to run again. So i'm not. I'm glad you optimistic and are stories in new york post on thursday or friday saying that New yorkers and went to florida. I starting to move back to new york. Have you heard that out now. I had not. I was just in florida last week. So i gotta tell you. It'd be key florida. You can't even you wanna buy outside and forty. You're gonna have a hard time doing it. 'cause there's this almost no inventory like i do think. New york's going to face some tough times over the next years to get back. I pray that it happened. I think new york is one of the great cities in america. I feel the same way about chicago. And that's been boarded up as well. It's gonna take some time to these cities to cover from the mismanagement and the lockdown and the violence as well as as you've talked about so i'm not quite as sanguine as as maybe you are about the recovery of new york. But i think it will happen stupid steph. More crude oil keeps inching up. Like i we. I predicted back Three months ago four months ago and they're saying is no inflation. And i think they're lying to us. I think inflation creep up. I'm worried about inflation. I don't think we're gonna have a runaway inflation like we saw in the nineteen seventies but look at the gas price i mean. I paid over three dollars a gallon this week for gas. Seemed like just Are staying just a little over two dollars a gallon. that's a big increase and people are starting to feel the pain at the pump And that's the that's the real inflation rate. you know. i laugh when i hear The fed chairman. Jerome powell saying oh i don't see any place out. There must not go fill up his tank. You must not go to the grocery store now. We are starting to see the his in the big worry that we should all have as this one point nine trillion dollars on top of the one trillion dollars already being pipeline in the economy into the hands of consumers if they go out and spend that that's going to cause higher prices because you're not increasing the the cause and services you're increasing demand of goods and services and i don't wanna get too complicated here but this is economic one other when you increase the demand. Guess what happens to the price that goes up so yes inflation as i'm horizon but i'm not predicting runaway. Inflation steve moore. Thank you so much for calling in and thank you for bringing on the american people up to date and thank you for everything you do for our country. well thanks. Let's hope to the best for our country for a false hammock recovery so we can continue to be the global economic superpower. Not let china take that away from us. I agree this is the cash roundtable. We'll be right back..
"steve moore" Discussed on CATS Roundtable
"So running america this is the roundtable contact with. Here's sunday might well you kind of which way it it last week. It was hitting new hot over thirty two thousand and interest rates if not all of a sudden interest rates. Went down on the roller coaster. This morning is About driving time that. I know we have stephen moore steven how are you. Can i get down cats. I'm doing well thank you. And i following the ball of that stock market the interest rates. It's just hard to hard to keep up with all these rapid changes. Oh i mean Nine partial is that interest rates. Go up and rain. Choose to make up because i hit like sixty three dollars. A three and You have when you have sixty three dollars. Compared to fifty. Yeah i've never thank you. Let's say you're gone. Yeah one of the best measures in place and you know. I kind of laughed when i saw this week. becherman jerome powell. Say there's no inflation out there. We don't see any inflation i. He should get out more. You know he could go. To the grocery store he go to the gasoline pump. You know one of the somebody else got his car up with gas or hey exactly and so what's going on here. Is you see you know. I always thought the gas prices sort of one of the lead indicator of inflation. And it's the one thing that most ordinary ordinary americans they paid that gas at the pump. And it's a big expense for people when they see you know the gas prices now up about thirty five to forty cents a gallon since a biden was elected it's just creeping up slowly higher and higher and higher and that has a big squeeze on family incomes if the cost sixty dollars to fill up rather than you know forty five dollars to fill up and so that's something but also look at food. Prices look at grocery prices. Those are rising to now. Look i don't wanna get carried away your job well. I'm not talking about massive inflation. Like you know. I saw in the nineteen seventies under saying prices are starting to rise now. Why is that happening. This is not complicated when the government and when dad is blessing the economy with cash when the government is massively spending money. Is this going to happen with this. New one point five to one point nine trillion spending bill. What does that mean you get more money chasing the same amount of goods that has to lead the higher prices. So i think you're spot on. I'm not saying we're gonna have runaway inflation. But i do think prices are going to rise and what that when that happens job. What happens the interest rates. They go they go straight up. The hurts Overall the the market against and so. Here's the other thing that i really sort of do i think there is a. I think there is a rational exuberance in this market right now. I'm not saying every should run out sell their socks. But you know i do. I get worried about this. I think the market is not taking into account that were have massively borrowing that were massively spending money on things that are ineffective and inefficient And that's a waste of our natural national resources I think that the the fact that we're spending in this bill The piece in the wall street journal with casey mulligan on friday that showed their families that are a hundred thousand dollars of government..
"steve moore" Discussed on 77WABC Radio
"Just minutes after being vaccinated against the coronavirus in elderly woman in southern California passed away. Paramedics on scene at the Kaiser Permanente site administered CPR, but the 78 year old woman couldn't be revived. Family members say the victim had a history of heart related illness, and officials say early indications are the incident was not related to the vaccine. The woman's husband of 57 years was with her and was also vaccinated. The leadership shakeup continues within the anti Trump group known as The Lincoln Project. Co founder Steve Schmidt resigned from the board last night as the group faces increased scrutiny over how it handled sexual harassment allegations against another co founder, six former employees of the Lincoln Project are calling on the group to waive nondisclosure agreements or India's writing in a letter to The New York Times, they have information quote that would aid the press. Public and our donors and answering questions relevant to the public interest. The Lincoln projects leaders have long been fiercely critical of former President Trump's India's. This comes fresh on the heels of the scandal surrounding John Weaver, a co founder who's been accused of sexually harassing young men. Boxes. Gillian Turner, the store that pretty much has everything is doing away with something this weekend. It's photo department. Most people today take their snapshots using their phone and only occasionally print them up in a photo shop. Gone are the days of the casual photographer taking film roles or disposable cameras to get developed. Now, Costco says their remaining in store photo departments will go the way of the photo mat hobbyists and even professionals might bemoan the loss of less expensive printing, even for large format media. But Costco won't be out of the printing business entirely. It will still take photo orders through up loads and deliver the purchase products to customers. Homes, boxes. Evan Brown, I'm Camp yourself, Fox News. It's more money with leading economists Steve Moore w A. B C traffic.
"steve moore" Discussed on 77WABC Radio
"This'll is Maura money with economists Steve Moore. Now, Steve More welcome back. Folks is more money out. 77 talk radio WBC and we have affiliates throughout the country, including on the West Coast in California. So thank you, everyone for joining us, but Our home base is, of course, right in the heart of Manhattan in New York City, one of the greatest cities in the world. You all know I'm from Chicago. So I kind of think Chicago by be the greatest city in America. But I love New York. I worked there for many years and we've got to get our cities up and running before I get to my guest star out of breath and I wanted to run remind people You have to get the committee to unleash prosperity. Hotline Every morning. You can eat, We melt right to you. So it's at your doorstep. When you get up in the morning, and you want to find out the most important things that were going on. You can read it in five minutes. A lot of times. It's just a headline or graft or chart showing you a lot of the data that the fake media is not providing yourself. You want that, By the way, I'm not selling anything spokes. It's free. It costs zero. We want you to have it. It's just going to committee to unleash prosperity. Click on. I want the hotline. Give us your email and we'll send it to you every day. Okay, I want to get the Adam Brown and he is a great friend. He's a colleague. He's one of the great grassroots activist in this country. He's a solid free market conservative, and he is also What's importantly, a new father Adam, Congratulations on the new baby. I hope Mom and the mom and your new son are doing well. They're doing great, Steve. In fact, I'm so glad when you get married. You reached out to have me on today because this is five minutes. I don't have to be on diaper duty. But not Adam about Chicago. You're talking about New York. Can I nominate my hometown in Cleveland as the greater Okay, You got it, My friend. You've got one of these days. The Cleveland Browns are even gonna make the world the Super Bowl. By the way. This is Super Bowl Sunday. You well know that by the way out of I can ask you a personal question that we're gonna get the policy. Have you changed any diapers yet? Steve. I have Well, since my wife did have a C section. She couldn't get up. So I have changed. Probably the majority of the diapers are about a week ago, but I am sure she is quickly going to surpass And I'm Yeah, I'm getting quite good at it. And And I mean, no one ever told you that when you're when you're changing a little boy, Sometimes they decide that's a great opportunity to use the restroom while you are changing a diaper. So when you're remember that Rainbow P that comes out of that little looking. All right, let's get into it. Adam. Congratulations. Also on your new TV show, which airs I believe for the first time tomorrow morning news, Max. Tell me about it. I'm really excited. Thanks, Steve. You know it's at 11 o'clock on Newsmax, and you can either tune into Newsmax or you just go to the website and they've got a great app that you can watch their programming if you don't have to be to have it. Are you your cord cutter and don't have cable. Save our nation. Right? Save our nation, Our nation save the nation. The whole point of the show for me is that there was something missing from a lot of the debate on Sundays. We here meet the press and all the other shows. There's not one with the center, right? Perspective, so I wanted I fill that gap, and the other thing I wanted to do is very much inspired by the work that you, Steve do and Larry Kudlow has done and it is these guys. They're happy warriors, and I think it's important. I'm getting so tired of always arguing like we're in the morally inferior position. Free market economics and conservatism is the pro person pro human being policy position. We are on the on the on the moral high ground, right? I couldn't agree more. And you know, I think this is so important because I do watch a lot of those Sunday new show, So they're all the same. They all petal kind of left wing nonsense. They are fake news and a lot of cases, not all of them, but many of them are and they don't support the free enterprise system. As you do so well at Freedomworks and s. So tell me about who you have. I know you have Steve War on this week cause I mean, taking yesterday that makes a lot of it to be I'm honored to be on that panel. But tell me who's your Who's your newsmaker of the week? Well, thank you decided to go with Cynthia Lummis, the newest senator from Wyoming. And part of our goal is, you know a lot of these different people. You see Jim Jordan on television, but I wanted to start the highlight Some of these new folks that would bring in, uh, names you know, he was now in the second term. Chip Roy of Texas joins us. David Schweikert congressman from Arizona. You know, we also have Scott Rasmussen, the pollster who was on it. And, of course, the head of the network, and I have a conversation on our goals of the show, Chris Ruddy, but I think as time goes on, but we've got incredible people. I believe you have one coming up on your program soon. Maria Salazar, we've gotten Nancy Mace out of South Carolina. This last election actually was fantastic for our movement when it comes to adding new people to the house and the Senate who are going to be our flag bears for a long time to come, so we want to make sure we're introducing those folks to our audience. I think it's so important and you're right about Maria Salazar shall be on our show in this show in about 15 minutes, folks, so and not she's great. She's bilingual. She's Cuban. American beat up She'd be Donna Shalala. Remember that name? She was a chalet Low. Well, obviously was was the HHS secretary for Bill Clinton. And it was a great victory for freedom and free enterprise. But I wanted to ask you about What is the strategy? You're the strategist to was going to help us beat this $1.9 trillion spending bill, which I believe is the worst spending bill in the history of the United States. And I've been in this game a long time and I came to Washington 1984. And I've never seen anything like this. I think it is going to bankrupt our country. I think it's going to cause interest rates and inflation to go through the roof. If they go forward with this. I think it's going to discourage people from working. If we just give people more and more money for not working. How do we defeat this can wait. I was listening to your show earlier and you said something that was so important. We see the light at the end of the tunnel. Now is not the time to pay corrupt the country and we're paying as you continue to disincentivize work. That's what you get. You don't get work. If you incentivize work, you get employment, and And so the more we consider the just continue to shut the economy down and subsidizing states like In New York and California to not reopened..
"steve moore" Discussed on CATS Roundtable
"Maybe the most important thing other than getting the vaccine is opening up the schools. That's not just an issue with respect to education. Educating our kids and getting them back in classrooms which we all wanna do. There's also an economic issue job because there are millions of parents who cannot work because their kids are at home. I it's it's kind of a break on the economy. I would love to see. Joe biden morrow give a nationally televised speech job and he should say to the american people and the teachers use america. Let's get every single. School at america opened up in the next two or three weeks. It should happen it safe. The son of these the cdc. You're saying that it's safe. We have scores and scores of Up and up to me or logical studies that are saying this and we have examples from private schools and other countries where schools have been opened. So those are the kinds of things that don't cost trillions of dollars but will do a lot to getting economy open. And i'd say it's more important to get the schools and businesses open than it is just past this. What i think is an absurd one point nine trillion dollar spending bill. Well you've well whether you voted for Joe biden or involved for him. It doesn't matter. He's the president united states and we should all support him and or president biden should put his foot down and have everybody. All state. Governors are not cooperating. Come putting together and and to take on the teachers unions. I think he'd be a hero. You and i are old enough to remember when ronald reagan. Remember what he did. He stood up to the air traffic controllers when they went on an illegal strike. Basically there's an illegal strike and chicago right now with You know thousands and thousands of unite teachers who say they will not go back in the classroom. Even though the democratic mayor there is saying get back. Get those schools back open. Wouldn't it be wonderful. If joe biden showed a little backbone here get out the whole country behind him to say is to open up our schools time to open up a restaurant. You know if you look at that unemployment rate. John we're doing pretty well. in manufacturing. Construction is good business. Services are good that the area's economy that are getting still getting creamed are the retail companies And also the you know like movie theaters restaurants and that's a lot of employees. John you know you've been in those businesses yourself not fifteen million people in those industries. Stephen moore thank you so much for coming on with you. One hundred percent. Let's get the country rolling salute to president of the united states. Just go forward and stop the nonsense. All listen peterman crap. Job i act. This is the cash roundtable. Be right back..
"steve moore" Discussed on CATS Roundtable
"Roundtable trump castle. Mickey d's sunday morning economy. We're all we sustain this. Today is one of the top five economists in country. Mr stephen moore. And i'm gonna ask him questions stephen. Even how by john good to be with you Yeah friday was a big day. We had the january jobs numbers. They came out The this american economy is what i call. Sort of the rodney dangerfield economy. It gets no respect. You know do. The jobs number wasn't great day any such imagination. We'd hope for more jobs than the fifty thousand or so that were created on the other hand john. The unemployment rate fell again and we are now below six and a half percent on which in a lot of ways given what we've been through is pretty remarkable number. I mean think about this job. Most economists six months ago. I thought we'd have unemployment rate well over ten to twelve percent at this stage the recovery and more half that but also look at. What's happening in europe. John they they. Those countries in europe france italy spain on others still have rates of nine ten eleven percent. So we're doing a lot better. That other countries is there one for improvement. Sure there is There was There was a need Especially in lieu states like new york and california new jersey get those economies get those businesses and schools open. But i feel like we're at a pretty good trajectory towards getting back to full employment. That's i mean it sounds good. We considering is to post trump economy or biden economy. We're always well right now. I mean like this was. This was trump's last jobs. Report as i said you're a number we have the unemployment rate went up there something like fourteen percent now. We're down to six point. I think it's six point. Three six point four percent. So that's pretty burs remarkable now. We have to do to get the jobs back there. Listen better way. Joe biden yesterday announced that he said something like that. Well you know. If we don't have a massive increase stimulus don't they ten years to get back to full employment. No i think he plays the wrong. If what we have to do is is got the businesses open in america. you know. we're seeing the clients in the virus Across almost every state across the country. I mean really dramatic reductions. And we're also seeing americans gathering vaccinated and those two things are very positive for the economy so my point is weekly california new york and illinois some other states back up and like florida. Texas are open. It won't take ten years to get back to full employment. we could do this. And ten weeks democratic. You know what. I don't understand Steve We gotta democratic president elected. We have president. Joe biden and still a democratic states big ones california illinois as new york if those came back the economy were roar even more book but i may not supporting president bind question. I you know we are starting to see some movement in that direction and it does make me wonder as a as a a trump supporter why it took so long. Why is it. you know That before the election made got their economies opened a gun. But we're starting to see some improvementsthe matt regard but you look at you know there's now fifteen to twenty steam setup unemployment rates of less than five percent. You know that's pretty good. You've got some like nebraska and iowa and utah have unemployment rates of less than four percent. Where you actually have more more jobs than than people to fill them. So it is lopsided in that respect we also you know another really important component of the economy right now..
AMC, Nokia and other "meme stocks" targeted by Wallstreetbets
"On Wall Street, and you know, for example, stocks like game stops, stock and and BlackBerry stock. And what is an AMC stock? All these different companies? There are $5 a share and then they're explode. I think Gamestop got upto like border and $80 a share. Now it's among their among a handful off previously. Wow. Unloved companies. Maybe you could put it that way is the New York Post. Put it today. Prices, air fuel, Then you've got these big hedge funds. The big hedge funds they charge for every trade if you buy or you sell this those commissions associated with those trades, But there are other places where people trade read, it would be one of them. And so what? They have figured out there's a process on Wall Street, and I'll let Steve Moore explain it more detail and more articulately than I can, where it's part of the process of Wall Street, where the shortest stock And that is that they're going to predict him. Bet that the stock is going to go to a lower price anyway. Long story short to do that you actually borrow somebody's real stock, and they get a piece of the action so that you can then short it and then at some point If, in fact it goes down. You get the difference in the price and other words, you're betting on it going down big big practice on Wall Street, especially used by the hedge funds anyway. So these independent small guys got hip to what has been going on in the millions of millions of dollars being made by these big hedge funds. Billions actually. And they figured out that they were actually shorting stocks that weren't even like phantom numbers. Like for example, they were shorting well beyond 100%. Of all the stocks that were ever even available in some cases, 140% And the idea is is when the call comes for these big hedge funds that had shorted the stocks because the little guys have banded together. And coordinated an attack against them. It all backfires and they've got to cover. They've gotta cover massive amounts of money that they never thought. What happened. It's pretty fascinating. Anyway, Um, my buddy
"steve moore" Discussed on CATS Roundtable
"These days <Speech_Male> doesn't <Speech_Male> have to comply <Speech_Male> to twenty thirty <Silence> five <Speech_Male> and we have <Speech_Male> to <SpeakerChange> tomorrow <Speech_Music_Male> morning. <Speech_Telephony_Male> It makes no sense. <Speech_Telephony_Male> We are truly <Speech_Telephony_Male> <Speech_Telephony_Male> decapitating. <Speech_Telephony_Male> One of our <Speech_Telephony_Male> greatest. <Speech_Telephony_Male> Which is you know <Speech_Telephony_Male> you've been in that industry <Speech_Telephony_Male> so you know what i'm talking <Speech_Telephony_Male> about. And those are <Speech_Telephony_Male> really high paying jobs <Speech_Telephony_Male> and by the way the <Speech_Telephony_Male> country that <Speech_Male> controls energy <Speech_Telephony_Male> <Speech_Telephony_Male> in my opinion <Speech_Music_Male> has a big <Speech_Telephony_Male> control over the world <Speech_Telephony_Male> economy. You and <Speech_Telephony_Male> i are old enough to remember <Speech_Telephony_Male> john. And the nike <Speech_Telephony_Male> seventies. Remember <Speech_Telephony_Male> when the control <Speech_Telephony_Male> all the oil <Speech_Telephony_Male> supply. They had a knife <Speech_Telephony_Male> in our neck <Speech_Telephony_Male> day. Could with a <Speech_Telephony_Male> flick of a switch <Speech_Telephony_Male> <Speech_Telephony_Male> You know put the united states <Speech_Telephony_Male> economy into <Speech_Telephony_Male> a recession as <Speech_Telephony_Male> they did in the seventy. <Speech_Telephony_Male> We do not want <Speech_Telephony_Male> to return to those <Speech_Telephony_Male> days. So president <Speech_Telephony_Male> biden. If you're listening to this <Speech_Telephony_Male> show. Please let <Speech_Telephony_Male> us american empty. <Speech_Telephony_Male> We should use it. <Speech_Music_Male> We should oil gas. <Speech_Telephony_Male> Coal <Speech_Telephony_Male> power wind solar. <Speech_Telephony_Male> Let it all <Speech_Telephony_Male> work to where they <Speech_Telephony_Male> energy <SpeakerChange> <Speech_Telephony_Male> dominator of <Speech_Male> the world. Steve <Speech_Male> moore agree a hundred <Speech_Male> and ten percent. <Speech_Male> And i say to <Speech_Male> president biden <Speech_Male> listening <Speech_Male> to to me <Speech_Male> or some other <Speech_Male> close advises <Speech_Male> that no me. <Speech_Male> No no <Silence> country <Speech_Male> please. <Speech_Male> We review <Speech_Male> that thing. We <Speech_Male> are all <Speech_Male> for Healthier <Speech_Male> world <Speech_Male> we all want to <Speech_Male> do the right thing <Speech_Male> but we can't do <Speech_Male> it tomorrow morning <Speech_Male> and put our <Speech_Male> country out of business. <Speech_Male> The other <Speech_Male> one. That i'm very <Speech_Male> upset about is <Speech_Male> one of the sudden <Speech_Male> general motors <Speech_Male> who's <Speech_Male> a subsidiary <Speech_Male> of <Speech_Male> Washington <Speech_Male> because washington saved <Speech_Male> them <Speech_Male> out of the deep state <Speech_Male> one of a sudden. <Speech_Male> We're going to germany <Speech_Male> since we're gonna <Speech_Male> turn we're going to close <Speech_Male> down all gas <Speech_Male> powered caused by <Silence> twenty thirty five. <Speech_Male> I mean <Speech_Male> enough <SpeakerChange> is enough. <Speech_Male> Have <Speech_Male> they done this study <Speech_Male> on on <Speech_Male> health effects <Speech_Male> on of <Speech_Male> those kinds of cars <Speech_Male> of <SpeakerChange> of <Speech_Male> battery powered cars. <Speech_Music_Male> Well you <Speech_Telephony_Male> know you're exactly right <Speech_Telephony_Male> that they capitulated <Speech_Telephony_Male> to the biden administration <Speech_Telephony_Male> and said we're not <Speech_Telephony_Male> gonna make what we make. <Speech_Telephony_Male> Which is you know cars. <Speech_Telephony_Male> That are <Speech_Telephony_Male> that used the combustible <Speech_Telephony_Male> engine and <Speech_Music_Male> look they have the right to do <Speech_Telephony_Male> that. But <Speech_Telephony_Male> the fact is <Speech_Telephony_Male> john that even if <Speech_Music_Male> we switch over see <Speech_Music_Male> people don't understand <Speech_Telephony_Male> where we get
"steve moore" Discussed on 710 WOR
"W O R. Well, Steve or one of our top economists you got Steve Moore, Larry Kudlow Art Laffer. Our best to comes actually wrote a great book If you get called Trump a Nomics and Steve Moore also economic contributors, senior economic contributor Wall Street Journal Heritage, and he's got a great newsletter Steve Moore. How you doing? I am doing go up Pretty good, mark. I mean, it's only been a week of the of the fighting president seems like a year doesn't matter. It's expected of where we started having a hard time keeping up with them. But you know a little bit disappointed that You know, we're not putting jobs and the economy and you know, dealing with the with the this terrible, you know, Pandemic First, it seems like it's all climate change. Fanaticism, which you know for most Americans doesn't rank way up there in the top priority in the middle of a health crisis. But climate change is very important because for Democrats in Washington, it means crony capitalism. It means contracts. It isn't that what it's really all about. It's about control. It's about control of the economy. If if you wanted to grab control of how an economy works, you know, regulate its energy supply. And if you wanted to bring an economy to its knees, you know, get rid of its energy source is if you know, I'll take just wrote a column. Mama's just finished it this morning. Do you know what percentage of our energy today comes from fossil fuels? Um no. Which is why I take you guys Just take a wild guess. 50% Oh, you wait. You low 80% 80 that most most Americans I like you. I mean, it's really you know, quite incredible that a lot of us you know, I was even surprised by the number when I looked up a lot of us don't know where we get our energy from. We don't know where electricity comes from. And I talked to my students. And when I give speeches off that, you know, young people were all in for green energy. All we love remember tree They will. Do you know where we get elected your electric power from you know, so you can you can, you know, recharge your game, boy. And you can, you know, get YouTube and all these things and they look at me they like to do it comes right. Does that factor right there on the wall? That's where it comes from. But you know that Americans don't understand. We get most of our energy today, the vast majority of from Cole The oil and gas, you know? Okay. Are you ready for another tough one mark? Yeah. All right. What percentage of electricity And I mean, now total energy today, do you think comes from wind and solar power? Um 3%. So this is what you think, 3%. You're pretty close. It's we're up to about 4.5%. Wow. Good progress. Yeah, well, I mean, think about that. You know, we get 5% of our own sheep from wind and solar kids like if you kept I hope nobody out there really believes that we can get, you know, fuel a $20 trillion industrial economy that makes cars and steal and technology And all of these things we're gonna find out with windmills and solar. No, that's impossible. But, you know, let's say that we were even able to quadruple over the next four years. But Stewart thought experiment here. Americans say Okay, we're gonna quadruple the amount of energy we get from wind and solar power. I don't think that's possible. But let's let's dream, Huh? Okay, That means that we're getting 20% of our energy from wind and solar, where we gonna get the other? 75 or 80% from you. No way need to use our energy. We've got more oil, gas and coal in any other country in the world. Why would we want to stop using it? We become energy independent, thanks to trump mostly, and also the amazing people out there in the shale oil and gas industry that have massively increased our production. It's a great thing. I just I don't get it. You know, I'm mystified by why we would want to decapitate one of our great industries. As I said, there's contract to hand out. This is crony capitalists. They really be that cynical. I'm thinking maybe you're right. They just want to have control of our economy. But I think a lot of Americans have been duped. By the way. If you look at the election, you know that we had in November. A lot of the exit polling asked people What is your major concern? As an American right now, you think was climate change. No, no, don't don't even register. It was the pandemic. It was access to health care. It was education. It was jobs. It was the economy It was, you know, all of the kind of day to day things that people gasoline prices, you know, right Climate change was like number 20 on the list of things People are concerned about. But it's the number one thing that all the biting people are concerned about. Exactly. She did the survey in the wrong place. Go to the Upper West side when they're all watching Trevor Noah, Right. Hey, just this also don't get why we why we killing the Keystone pipeline. I don't even understand. You know, that's an 80 20 issue. Most thinking Americans realized we need infrastructure for our energy and pipelines are a good way to do it. By the way, those air, not $15 in our jobs. Uh, yeah. Uh, those those are you know, 50 60 $70 an hour job. Those are really good. I paying union jobs and boom. You know, 10,000 Margo on with one stroke of the past. Well, hey, Seymour. This stuff would read it yesterday. With these amateurs playing with the sock water. Whenever that happens. Historically, that usually is the end of a bull market. When the amateurs jump in and start wreaking havoc, So are we at the end of a bull market. E think so. I mean, you know, I'm not a good person. That's because I pulled out my mama out of the market up after the election, and the market continued to go up. But, you know, I'm sleeping pretty well. At night. We thought we was I am worried about it, You know, you know, I do think I'm looking at you know what's happening in Washington? The policies you know, we put in great policies on the economy under Trump. I mean, I think everybody agrees. We had an amazing economy under Trump. Uh, now goodbye. Miss doing is he's just reversing all of the policies. He's reversing our tax cuts. He's reversing. You know our energy policy. Did you see? Do you remember Mark when Trump famously said for every new regulation, I'm gonna repeal to remember when he said that Mark Yeah, It was great. Yeah. Yeah, And so it He ended up repealing eight new regulations for every I mean, a regulation for every new regulation, And that was an executive order for the regulatory agencies. Well, guess what I did. Yeah. Took it away. Yeah, well, I'm nervous about that. Because you know you with the regulatory arms like octopuses around the neck of our small businesses. I just don't think that could be good. I mean to you. Well, this red, it's stuff that kind of stuff usually signal the end of a bull market. Once these policies kick in, and you have higher energy costs and more tax and more regulation, there's no way a bull market continues, right? I wouldn't think so, You know, I mean, it's always hard to predict the South market, right? I mean, it doesn't seem to have a mind of its own. Sometimes, it seems, seems to defy gravity..
"steve moore" Discussed on CATS Roundtable
"President-elect biden our staff. He picked his cabinet and he's coming up with a stimulus package to give us comments on. It is one of countries leading economists. We have stephen moore witness good to be with you. Tell us about his stimulus package of. That's going to affect the country and tell us about his Cabinet picks god is. It is incredibly expensive plan that will massively increase the national debt It is one point nine trillion dollars. Then it's basically bernie sanders wishlist of Spending on a massive blue state. Bail out you've got money. Hundred billion for schools. Even though schools have been shut down for the last year You've got these Fourteen hundred dollar additional payments per individual You have all the stuff of the minimum wage fifteen dollars an hour which is really hard thing for. Somebody's low wage states like arkansas alabama. You've got the paid for rental leave requirements it is bernie sanders wishlist and We just passed if you john a few weeks ago. We just passed a massive Kobe relief bill of a trillion dollars. Now they wanna spend another two trillion by the way. Most of the stuff in this bill has nothing to do with the health emergency. It's just spending that liberals wanted to do for the last twenty years. Well it's true Do you think he'll keep the economy going to some lot. What's going on now. Because if i hear the government spending is going to revive our economy is crazy. I mean for milton. Friedman were here. He say you what we should be doing is cutting government spending not increasing government spending every time the government spends a dollar takes a way a dollar from the five sector which is where the wealth and jobs in the first place I think that the real interesting thing will be whether this unifies republicans as it should. I mean remember. Joe biden since election day has that we're going to have a message of unity and bringing everyone together. And what has he done this week. I they do this crazy impeachment. Which i was outrageous. I think a lot of americans do given. The trump is going to be leaving office and you know a matter of days anyway. But but then they have this massive spending bill which is only gonna tag anais fiscal conservatives and tax payers and and and the republicans in congress so We will see how this all pans out. but i think you're gonna see a lot of resistance among republicans and even some fiscally. Sensible democrats are gonna raise their eyebrows. Say wait a minute. This brings us to five point. Five million dollars spending now on kobe. And in addition to that You know national debt would zoom over thirty trillion dollars frankfort here when i first came to washington john in nineteen eighty-four that that was just a little more a trillion dollars an hour at thirty trillion. Any advice for the new president. Well look i you know you you said you promised the american people. You're going to be a moderate. You were going to You know govern from the center and you are not gonna let bernie sanders. Run the party and yet we're seeing the actions out of congress and and out of You know biden. So far has been really i think pretty radical left and i think it's going to turn a lot of people off. I think people are laughing at unity. message After the you know the the democrats did impeachment scheme. But the second time i and the other methods i give if i if i were his adviser john and i'm not i wasn't adviser back notifies five but if he asked me what should i do on the economy you know what they tell them is just leave it alone. Leave it alone. We're ready to have an expansion. I do like President-elect biden's idea of getting hundred million vaccines out there. I think that's a great idea by the way we don't need a big government bureaucracy to do that. We just need to let you know the pharmacies and hospitals and the companies get those vaccines out there quickly. That's the ultimate stimulus. Once we get hundred million americans vaccinated. We're going to be back to normal. This is ready to explode. In my opinion. I absolutely Steve moore thank you so much for coming on you. You're on wabc radio Every we look forward more money thanks. John have a great week..
"steve moore" Discussed on CATS Roundtable
"Or the pharmacy for details morning america. This is the catch people. Try to catch makita here sunday morning. Economy where the heck are we going. Where are we. The markets hit thirty one to housing. That is remarkable and we have with us one of the country's leading economist. stephen moore the morning steven. How are you a week if you're a conservative republican but I'm hanging in there now. We're we're in the money business. I'm not to see the stock market at thirty one thousand. What say you well. It's an amazing run. This has been one of the great bowl mark as expansions of recent times. It seems to me that people on wall street are addicted to the idea of Of this kind of free money and stimulus money. But of course that's have to be You know pretty paid at some point. So i'm i'm a little skeptical of this of this rally. How long it will last. But you know look. I love to see that. Love to see four one k. Plans doing better. I love to see investors doing better. And then of course you know when when companies when companies start goes up they can hire more workers so it's a positive thing the other thing that came out this week John which came out on. Friday was the december jobs report. And the you look. It was disappointing report to some extent but there was positive news in this. I want to i. The media has not been fully explaining what went on your first of all we do have another wave of the virus so there was a lot of shutdowns in states especially california. New york though. Annoy You know those states blue state governors and those states really lost a lot of tops but what what is also interesting. Is that half. A million jobs were lost in december in the leisure and hospitality industries mostly in restaurants and hotels. And that's because they were shut down and there were travel restrictions. The good news in that report. Jon look at the numbers on. Construction looked at the numbers on real estate. Look at the numbers on manufacturing very positive news. Technology did well in this report There are now six point seven million job openings in the united states so that that's a positive thing and the other positive thing john that didn't get reported in the media is we're seeing a wage increase boom which is unusual. Because you know you still have money. Million americans unemployed it wages are being pushed up. We have one on. Biggest wage increases for workers In december in my in you know recent memory steve. I believe that President vinyl is pointing some economic people for economic development. I've you know. do you know any of them. I know some of them And i know some of them personally and most of them. I know by reputation John i think look first of all i believe the president should be able to appoint the people that they want to go to these To their administrations. And so if these are the people that joe biden wants unless they have some real criminal problems or other kinds of ethical problems i think that most of You know deserve to be confirmed. The one thing that i find is a constant among almost all of these appointees that troubles me a little bit. Is this kind of obsession with climate change. And i believe that this is going to be a major push by the Biden administration which pose a real risk. I think to america's energy future or coal industry or oil industry are gas industry in the united states has really benefited in the last decade from a cheap natural gas and cheap energy we have pretty much the lowest energy prices of any country in the world that helps our manufacturing industry or transportation ministry construction industry. So i do worry about whether we're going to play at the hands of the chinese two three four weeks unless the oils from forty five dollars a barrel to fifty two dollars a barrel today. Well that's exactly right and so you raise a really good point there. Why is the price of oil rising while partly because the saudis put some restrictions on oil production. But the major factor. I think is that there is a perception in the market that joe biden will restrict the production of american energy in our oil production. And of course if supply something goes down as as you and all your listeners know what happens to the price it goes up and so we may see higher gasoline prices. In the months to come we had a couple of minutes left. What else would you like to tell you american people. Well look i'm so Distressed by what happened this week. John and i cannot defend. I don't think it's anyone can defend the president's behavior And and his actions this week. But i'm i'm really really worried that this is going to be used by the left. The people hate trump to turn us not just him personally but number one the people who've supported him people like you and me and others Kind of guilt by association And by the way that the left is building an enemies list as we speak people been associated with trump. That's scary but the other thing is look this is a president who's economic record has been spectacular. It's been spectacular. He is he's rebuilt the american economy not once but twice I think. Joe biden's actually you know. Be inheriting economy. That's teed up to really take off. And so i think what you like trump or not and nobody really approves of this behavior this week He did a great job for america. Rebuilding american the american engine of economic progress. Stephen moore One of america's leading economists. Thank you so much for Calling in and be sure to listen to..
Pence meets with cruise line executives in Florida, maintains risk is low
"Vice president Mike pence as the threat of contracting the corona virus in the United States remains low that being said we are going to continue to lean into this effort to call on industry to call every agency of government to deal with it vice president speaking today in a meeting with cruise line executives in fort Lauderdale Florida pence is heading up the administration's task force on the virus as far as the corona virus in the economy economist Steve Moore with the heritage foundation tells fox news I think we may see some more sellouts but the the first of all the fear of the virus is what's causing this and can I can not the
Heritage Foundation, Steve Moore And Visiting Fellow discussed on Lars Larson
"Tonight and Steve Moore joins us now distinguished visiting fellow at the project for economic growth at the heritage foundation the author most recently of trouble now makes inside the America first plan to revive our economy Steve before we get into talking about dixieland can I ask you what you make of the federal reserve's move I I know is anticipated ahead of time that this quarter point drop in interest rates and what your take is on the well as you know I've been a strong supporter for the last year of of lower rates and that's one of the reasons that Donald Trump had done nominated me to be on a summer resort because I I do want to say the fad you know but restore strong solid money in this country and is the fed's tightening actions of late last year it will not likely slow the economy and because of massive reduction in the stock market and so I think is the right move unfortunately that that chairman and see if that John Paul made a statement when he was making this nonsense that you know with this this may not may only be one you know rate cut and that was a mistake because the market wants more rate cuts and and their need to be at least one maybe two more and so the felt a market stall it was a big selloff day on the stock market today and I think that's because strong Powell signaled that he may not be continuing to cut rates and we need another one or two were great productions can I ask you this Steve does anybody measure what the market rate value of money would be not the artificial rate set by this you know sort of government agency the fed but I do believe it would be like saying well you know the actual because because the government sets the cost is acts five dollars but but if it was actually the free market it would be three dollars I mean does anybody measure that and and I I almost so you be worthwhile start pointing out the difference the actual market value of the money you know it it did this represented by the federal raid would be you know two and a half percent but the fed is set at three and and and then measure the differential it's a great question what this there's a there's so many mythologies about the fact that this is one of the reasons that I think a lot of people that mom and some reports that was exposing a lot less cells is one of them is that the United States federal reserve sets the interest rates it does not that's just the price in interest rates that's the price that that you know are calibrate states you know supply and demand of credit in that shot we are mostly by the private sector two people one of our people willing to lend the money install the fat you know the reason the sad needed to load lower interest rates not to lower the interest rates you know that thanks our church and so on but the issue is more money into the economy my line is that we create a really strong economy which record low unemployment you know a great sure you know stock welcome in the everybody wanting invest night stage the study has not accommodated that floats with an additional infusion of money so I I believe that the role of that should be the simply keep the dollar stable which is why you've got a great your question so white you know what the reason we have a currency is so the dollars today will be worth what they will be two years from now or five years or ten years from now travels around with Venezuela officials say is right because you all the blood of the initial Basil may not be worth anything so we want to keep the dollar strong as good as gold and I think one way of doing that right now is to lower rates getting more you'll get more growth with more money in the economy without inflation without inflation let's take a moment to talk about the south though the southern part of the United States because you you're an interesting take on this that that the south has been one of the hotter locations but but for some reason now is it falling behind no actually you know so I was responding to a piece in the Wall Street journal the news pages about a month ago it which was saying of the south is not you know that the heart region of the country anymore and now simulate a minute look at nine on the fourth side you know hot stage right now in the south you got Texas you got Florida got Tennessee you got shorter in North Carolina and those are five of the ten fastest growing states in the country right now next fall last you've got somebody's pretty fast growing states yes well states like Utah Idaho Washington Oregon but you know the shelters that is not coming to a screeching halt in fact it is growing and it's because it's taking a lot of jobs a lot of people out of the northern states especially in the northeast and allow those northern midwestern states and they continue to slide into the south because of low taxes right to work laws and they kind of pro business atmosphere and so we don't I mean my goodness Texas from two thousand seven to two thousand fourteen create more jobs and then the other forty nine states combined you know so Texas burn rate in Florida is now the new taxes and affordable myself now this is a mythology that somehow those houses slowing down and the northeast by the way those black I've called them the four states of the apocalypse and I think you know which a lot of you know my home state of Illinois New Jersey Connecticut New York the four states without papers with the highest taxes in the country have the biggest financial problems and a losing their people and I I'll tell you what they're gone they're going to Nashville they're going to Miami they're going to places like Austin Texas and so now the the rumors of the slow down in the south are greatly exaggerated so who's pushing that kind of mythology I mean in and walk out unions are and you know it's like this is very embarrassing to levels and I was listening to some of that debate you start up this conversation to talk about that the disgrace of what's happening on the democratic side of the island and its entry by the way to see you know what about what about nature to courage in this country is it you know the what terraced housing it Adam by you hours of eight well just to remind you no he kills you because I hear them saying last night things that a couple years ago I was telling my audience this is what's happening they said no no no the Democrats are not calling for the end of fossil fuels for the end of automobiles they're not calling for you know they're and they're saying and we're gonna make sure electric cars are made in union run plants and that the workers get part of the well the workers can have a piece of the action right now buy some stock in GM buy some stock in forward but by some stock in Toyota they've got the Toyotas understand makes more cars in America than it does in Japan so but but to have the government do yeah there are stylish thing eight no I I I think it's amazing and now there's a little bit off the top of your question but it's it's a heavy on my mind right now I've watched all three of these debates you know for that that each one last about an hour and a half right I'm not the whole thanks but I've watched most of them hello I can't think of one good idea that has come out of those debates not one maybe maybe have I missed one but it's all income redistribution raise taxes on the rich care down people are successful you know the the the the bowl of Americans to make all people which not to read make rich people poor and this idea that people are are villains because they've been Gretchen the drug companies are villains and the energy companies are villains are gonna tear them down high in and also so pessimistic and so this gets your question about why do people do you know why are people celebrating the south because the self does use this formula for taxes less regulation pro business and and none of those are the policies and Democrats are running nationally or in states like you know New York and Connecticut in California and in New Jersey and and you can see let's not make America look more like New Jersey let's make America look more like structures I couldn't agree with him I'm in fact I get curious about real estate around the country and I visited you know Louisiana and Mississippi I look at houses down there you can buy a house in in nice towns in Louisiana Mississippi I'm not talking right New Orleans but but in smaller towns of for what you could buy a parking spot New York City for which you can buy a nice house near the water down there I mean like a hundred a hundred thousand a hundred a quarter I mean we're the mortgages five hundred dollars a month or seven hundred dollars a month and you think well you could you could actually you know even if you are an average person making the minimum wage you know in in a family with two adults working you could easily afford that and and that what else flowers what are such a special here is that the right about that and I've talked to you know I know rich people in on another round needs of people are successful and you know millionaires and some of the universe and they moved out of California they've moved out of the level I did out of Michigan and northern New York and they've moved to Texas and Florida Tennessee and they tell me they can I I I Viewtiful host in Nashville or Miami or chairman Tony you know and and they can they can buy the house which is the money they save on the Traxxas reading and actually New York Connecticut rolling unbelievable his book is called trouble Namik she is Steve Moore from the
Pushback against Fed nominees Cain and Moore
"Start with the Federal Reserve and Herman Cain and Stephen Moore, the president's rumored choices he has said they are his choices but hasn't officially nominated them. Mr. Canaan seems is not getting the votes required. Mr moore. Stephen Moore, a longtime economic commentator is also in some trouble. But I want to ask you, this Republican senators are very slowly coming around to the idea that these men might not be suitable for the Federal Reserve, but they are not critiquing their economic views. They're relying instead on personal. That these two men have. And I wonder how you're thinking about that. Well, I think it's I think it's very interesting how these two picks came about they were very different the process here or lack thereof is different from what we've seen so far. So, you know, early on in the Trump administration. There were longtime fed watchers who are very nervous that the president would maybe try to put in very partisan political picks, and I would say at least initially the first round of of of nominees were fairly mainstream. And I think that gave a lot of comfort to markets into into people who worked within the fed or head, you know, former fed people that actually this is fairly typical folks drum Powell certainly he'd been there a long time views are fairly closely aligned with Jenny Yellen. Randy quarrels, rich Clarita, even the nomination of Nellie laying. She was a democrat. So that was a little bit unusual. But, but I think she was well regarded she ran into some problems. I think with with some resistance from the banking community and she ended up with. Drying. Now here comes Stephen Moore and Herman Cain in the previous process. That was run through the National Economic Council the president's advisors. They played a big role in finding candidates selecting them. And I think generally the president was, you know, not all that interested. He was happy to review those picks this time, he clearly selected these two P these two men himself announced them for the head and gone through any of the vetting so far. And I think that that that's a clear break from what we'd seen before? And I think it just demonstrates the president as we know has been frustrated with fed policy think it suggest he wants to take take the reins they're a little bit and inject some of his, you know, his own his own views in the central blank. She'll let me ask you this in and it's a semi-official question. But it goes like this what's wrong with that. Okay. And the hang on let me let me give you the part two of that question. Which is we call. It's gotta be ten or twelve conservative or right-leaning economists this past week. None of them would go on the record as criticizing these choices because we wanted to get a conservative. Say what is problematical with having the fed be politicized? So you do it. Well, visit the fed has this very long tradition of independence, and the people that will say, they're not really truly independent. I mean, the the the president in selecting nominees for the board that that is a way that that the White House does have political influence, and certainly I think if you look back at different picks in both administrations there picking people whose views presumably align with their own economic views. I think what's different in this instances, not that these two men are viewed as political, but that they're viewed as more partisan, and and also the fact that they they had they've they've really shifted their view of what is appropriate for the direction monetary policy, and their views seem to have swung based on who is in the White House. That is Steve Moore, for example, had been calling for much tighter policy during the Obama administration. Now, the economy's doing even better, and he seems to be. Supporting the view of President Trump that that the policy actually should be looser that the fed made a mistake and tightening. And and I think that if he makes it to nomination hearing. There will be LA number of lawmakers who want to hear him explain further, you know, how do you justify that shift as I think that's what gives people concern and their in laws the economic harm right because doing doing things for political gain becomes a problem. Economically, ready think the fed the fed would say that that their goal is to do. What's best for the economy over the long run? So obviously, you know politicians have different interests. So we have an election coming up in twenty twenty if the fed I mean, I think the fed is signal that they're they're done raising rates for this year. And who knows if they'll raise them again before the before the next presidential election. But, but obviously, I think folks in the White House would like to continue to see robust economic growth, and they really don't want the fed doing anything that might slow that down. That's where this sort of natural conflict comes from
New $110K Lincoln Continental Sold Out in 2 Days
"So this dogs running around the inside of the RV at attended. Somehow gets behind the wheel of the RV steps on the gearshift switch and all of a sudden, the thirty eight foot RV is in reverse. And it's going right into the water. And it continues and continues and pretty much that whole thing is covered in water that RV turned into a boat. And it's all a video because there's a guy who's already launched his boat. He's got his gopro. Cameron catches the whole thing. Yeah. He's getting show L. What is it? What you guys blaming blaming things other than yourselves? We had that story last week about the guy who illegally shot a deer in the off season. And blamed it on his wife because she wanted dear mate right now, we have this guy. And this argument the dog sends his RV into the end of the lake and now it's dogs fault blaming the dog that's low. Okay. I'm reading a story here. This is if you're feeling down a bird out might be time to get back to nature. They say fishing is probably the want the best thing you can do for your mental health. Patching. Several researchers have looked into the health benefits connected to spending time out in nature. Well, yeah. Hello. This. And if you do go out to nature just like cell phone off. Yeah. Right tablet off. There was a great by speaking of tablets. There was a great moment in that game where the patriots yesterday. Bella check the coach he was upset about a call. Some of you probably saw this. He was upset about a call, and he takes out his tablet, which obviously at photographs of the call and he shows them to the sideline raff. He's like come over here. Look at any he's showing the wrath how he blew the call. He's got the photograph right there. Rate and the ref doesn't care. The ref. Does what they do with it. You could read his lips drops an F bomb. He takes that tablet, edges smashes it on the ground. So what are those things? Go for candies. You smashed Betty picks it up and he throws it towards the stands. I mean, it's hilarious. Oh, I'm seeing this now. Oh, good. There's video. Oh, yeah. Bill Belichick destroys helpless Microsoft surface on sideline. Those are not cheap. It was hilarious. Oh, crazy smashes that thing to the ground. Shucks. It Chuck's it, right? Over the bench towards the stands. I don't know. How far flew flu bell check gets sued because he took somebody out the Tampa, a tablet Bella checks needs to do. I know he won't because he's already working at the Super Bowl, but Bill place right after the Super Bowl, just go fishing because it's great for your mental health. Right. It's really really good for it's gonna make you live longer based off of where your blood pressure. Probably hanging out. Several researchers has looked at the health benefits connected to spending time in nature study specifically which was published in the research journal bioscience found the daily exposure to nature can among other things help reduce feelings of stress and even improve your self esteem. This this is like a no da come on, folks. Please. Next. We're going to tell us we have to drink water to stay hydrated. Well, I think that's when you look at what's going on in some urban areas around America, and and people are just out of their minds crazy there rioting or fighting or doing this. They're doing that to get in trouble, dude. Just pick up and go go to the beach. Yeah. Go to the beach camping trip, man. Just get get in your car and drive to the ocean. Go to go to ocean beach. Go to Pacifica Half Moon bay drive to Santa Cruz, just Stinson beach, something make some positive connections with things that aren't technical nature or another person actually have a conversation. I mean, there are so many people I know who fish really and truly just to turn off the world. I know so many surfers it's just it's their way of escaping reality. Right. I just want to go out there of meditation. Oh, it is. It is because it's you you certainly see how small you are compared to the world, right? Yes. You're just kind of bobbing in the ocean. And you're just okay. Maybe things aren't so bad after all really and truly good get out there in a nature. I tell ya Abella check YouTube Katie is going to get that video blog SF dot com. So you could see it for yourself. Steve Moore chief economist is going to be with us in the next half hour. Got a weather report that I think you're going to enjoy as well if you'd like the dry weather, plus katie's headlines and traffic KFI to
Are tariffs taking a bite out of U.S. corporate earnings growth?
"Times in the past when price increases cost increases and also wage increases, by the way begin to kinda squeeze margins. And there's a very distinct difference between the companies that are in a position because of market share or technical dominance to raise prices and offset those pressures and other companies which cannot do that. And I think we're going to get back into a phase where we're Sesing, you know, who has pricing power, who's market, dominant, etc. But not to go on endlessly, the issues overseas right now are Italy where you do have discussion taking place between a new government that does not want to adopt a kind of austerity program, the EU, you want some to frankly, you know, I think they'll come to an agreement on that. I don't really see that as a huge problem either for the EU or the US we have China where growth has gone from six six to six point five percent in the last quarter. Again, it's on the margin. Not good news. Of course. And in fact, their market has really responded pretty dramatically to that. And that does always impact us. But again, it's not like a seat sea-change here. And I and I just don't think that's going to be that big of a deal for us. And of course, the Saudi issue, which is very important Shia politically, very important to the program, the mid east program that has been adopted by the Trump White House, but in terms of the economy in terms of fact, on oil prices, I just don't see it really that having that much impact. So palm line forgive me for going on for so long. I think there are some pressures that are building via tariffs be slowdown overseas. They are not at all. Unmanageable by most multinationals and certainly by domestic companies. I think basically things are still in very good shape main street and Wall Street, I'll do Wall Street. I if the market turmoil gives me an opportunity to buy apple at two fifteen rather than to twenty two what kind of sell off that list. There's a relativity to the retreat here on Wall Street, the robots do not fool me when they sell ten dollars down from Microsoft. I'm thinking that's a deal. Okay. Fine back to main street. The jobs continue extremely extremely good. And there's still a shortage of workers in the country. There's still a shortage of skilled workers in the country as for housing. I noted this week. We had a report saying, yes, the house sales have slackened, but the rentals are gone straight up. So there's a boom in the rental market, which makes a lot of landlords. Very happy. People are measuring whether they should rent or buy something that would have saved us a lot of grief ten years ago during the crisis two thousand. Thousand eight again about main street that GDP report also reflects the higher price of gasoline. Steve Moore told me in addition that gasoline spike into the eighty dollars was going to cost us a little on GDP. And I think that's what we're seeing. Well, and oil prices are down today they've been trending down a little bit mainly because again, if you begin to imagine that global growth rates are stringing a little bit that certainly will impact the demand for oil. I think that's that's nothing to do with Saudi Arabia. No, we'll see. There was some possible inflation of the oil price because of the end of the second round of sanctions being placed on Iran. Who knows whether that is now something that's having a sort of a counteract and an action on oil prices. I don't know. But you know, I think well prices are gonna be a little soft here. Just because again that really does affect demand demand has for oil been very very strong, and that really at the end of the day, even with our. Incremental production coming on and
The Corporate Tax Cut Is Paying for Itself
"Tax cut is actually paying for itself. You remember there was a lot of hullabaloo over the corporate tax cut and how it's going to drive the deficit through the ceiling and the debt through the ceiling, and it's Armageddon and pretty much every democrat turned into a fiscal conservative furry. We couple of seconds because God forbid, you would actually borrow money to increase the debt to stimulate the economy. They would much prefer the throw that money at those shovel ready jobs print it, okay? The corporate tax. I'm going to get to that. But also, you this is stuff that you need to address. Most Americans have zero save for retirement the National Institute for retirement security zero and then the headlines risky market by one measure US. Stocks fifty percent pricier then at the two thousand top it's more expensive today than it was at the top of the market in the year. Two thousand a true bear market is really nowhere to be seen. So says veteran bull Ritz Bernstein. Who are we to believe? But I start with this. Steve Moore article was really really well done. I actually saw the presentation you may have as well that Kevin Hassett. The chairman of the Trump council of economic advisers. Gave on this topic. And I was impressed with him, by the way. But here's what Stephen Moore who you would assume I think he's from the Heritage Foundation would be a tad more objective than somebody from within the Trump administration. Although I think that Moore was on one of those committees once upon a time, so he probably leans right nonetheless. Here's what he said compare the August twenty eighteen economic forecast from the Congressional Budget Office with one from June twenty seventeen before the tax cuts passed and we discover some very good news. The much higher than expected economic growth in the wake of the Trump tax cuts means that you as gross domestic product will be higher than expected every year over the next decade every year over the next decade better than the dismal performance. We saw under the last administration that is still taking credit for what Trump did. No. It was the tax cuts. That really did this and the change in regulations and has Hassett in his presentation demonstrated that with two graphs, he showed one graph going down that was the trend line under Obama and one graph going up, and that's been the last two years under Trump. But I digress. I'm not an economist. Steve Moore is. Okay. Here we go. Even if we assume he says a reversion to the pre Trump one point nine percent growth path. Remember that new normal the new normal one point nine the ratchet up in GDP this year translates into one hundred seventy nine billion an unexpected output this year. Four hundred sixty five billion next year. Six hundred fifty four billion in twenty twenty. And so on this. Magic of compounding yields more than six trillion in additional GDP over the decade. Thanks to faster growth, that's already been achieved. And other words, we've already taken a bite out of the social security thing member. And I'll be the first one to criticize myself if there is criticism. Do
Chuck, North Dakota and Facebook discussed on
"Is in turmoil. They are suffering from vast shortages of drivers we're gonna talk about that Ross gonna talk about something near and dear to Tucker Silva part as we sit here producing the show he's knocking on a piece of pizza, and I just finished mine textile still and
Ten-month old puppy dies in overhead bin on United flight
"And am six thirty washington's mall w on aol now washington mornings on the mall am six thirty good morning coming up on mornings on the mall hans von spaghetti is going to be here since six thirty this morning talk about whether or not you should mark whether you're a citizen on the census felt like that's common sense but at seven oh five dr brickland is gonna be here he's a clinical psychologist we're going to chat about our students in our schools and what's driving some of them to the chaos that we've seen seven thirty five steve moore and economists and friend larry cudlow who has got a new job at the white house eight oh five bone steal from the washington post march madness boom and tom fitna beer at eight thirty five from judicial watch on andrew mccabe so much to talk about i'm vince ghana is longtime mary walter fly with me let's way can you with a pet with a family member that has for you might wanna rethink flying you might wanna drive if you can i don't know take a slow boat something along those lines so so to recap we know that united airlines had an incident with a puppy at ten month old puppy that was flying with the family in an airline approved case hope carrier and the carrier under they allegedly put the carrier under the seat in front of them and the people who are around them corroborate their story a long story short these stewardess or flight attendant to be politically correct insisted that they put the carrier in the overhead bin and it kept saying there's a dog in the carrier and she said has to go in the overhead bin it's blocking the aisle goes in there a dog's whining through through for a couple of hours the dog calms down they they land they take the crate down and the dog is dead the puppies debt ten month old puppy was an english pub and they say they have problem breathe but apparently there's not a whole lot of air up there in the in the.