The Charlie Kirk Show - The People Voted for Tariffs, And Here's Why

00:00:00.000 Hey everybody, it's on the Charlie Kirk Show.

00:00:01.000 What is a tariff?

00:00:02.000 We explain how President Trump is fixing 30 years of failure.

00:00:06.000 Then Eric Bolling joins us to give us economic news and analysis.

00:00:09.000 Do not let your hearts be troubled.

00:00:12.000 Stay focused on the big picture, the macro picture.

00:00:15.000 Email us, as always, freedom at charliekirk.com and subscribe to our podcast.

00:00:19.000 Buckle up, everybody.

00:00:20.000 Here we go.

00:00:21.000 Charlie, what you've done is incredible here.

00:00:23.000 Maybe Charlie Kirk is on the college campus.

00:00:24.000 I want you to know we are lucky.

00:00:27.000 To have Charlie Kirk.

00:00:28.000 Charlie Kirk's running the White House, folks.

00:00:31.000 I want to thank Charlie.

00:00:33.000 He's an incredible guy.

00:00:34.000 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.

00:00:51.000 That's why we are here.

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00:01:19.000 What is a tariff?

00:01:20.000 We are hearing this word thrown around a lot.

00:01:23.000 Donald Trump is starting a trade war, is what we are being told.

00:01:27.000 We are saying that it is making the economy go into a recession.

00:01:31.000 But what exactly is a tariff?

00:01:34.000 A tariff is a duty.

00:01:36.000 It's a tax, in some sense, imposed by, of course, a government on importing or exporting of goods.

00:01:44.000 It is used as a form of negotiation many times, but as a way to try and bring both parties to the table.

00:01:52.000 Now, we have tried unfettered free trade over the last 30 or 40 years.

00:01:58.000 On paper, free trade with every country looks and sounds good.

00:02:04.000 It looks and sounds good when we are able to say, you know what?

00:02:08.000 There's no duties.

00:02:09.000 There's no tariffs.

00:02:10.000 There's no taxes.

00:02:12.000 However, America has been largely too focused on the importation of goods into America not being tariffed.

00:02:19.000 And far too often, we don't even ask the question, What about the products we make in our country that we want to import to other countries?

00:02:27.000 So the game that was constituted, the deal that was structured, was the following.

00:02:35.000 It was that we are going to become a purchaser of other countries' goods, and we will become a service economy.

00:02:46.000 Why do we need to go make stuff with our hands?

00:02:48.000 We're better than that.

00:02:49.000 We're just going to go close down all the factories in Allentown.

00:02:52.000 We're going to go close down the factories in Marshallton, Iowa.

00:02:55.000 We don't need to be making stuff.

00:02:57.000 We're more elevated than that.

00:02:58.000 We will have an information economy.

00:03:01.000 And we all know how that works.

00:03:03.000 Those very decisions that were made by the American corporate ruling class led to the rise and the ascension of Donald Trump.

00:03:15.000 It led to the explosion of the MAGA movement.

00:03:19.000 Now, we are in a three-dimensional trade war right now.

00:03:22.000 President Trump is forcing the issue.

00:03:24.000 President Trump very well could have avoided this.

00:03:26.000 The American people voted for tariffs, they voted for stricter trade measures, and he very well could have avoided this.

00:03:31.000 And understand that the menace of the Chinese Communist Party was made possible because of our overindulgence in internationalist trade policies. 0.68

00:03:41.000 Americans like the idea of living in a country that makes things again.

00:03:47.000 Not only do we want to make America great again, we want to make America make things again.

00:03:52.000 You are not a country if you import everything made overseas.

00:03:57.000 You are nothing more than a trading colony.

00:04:00.000 You're not a country.

00:04:02.000 President Trump had the Irish Prime Minister.

00:04:06.000 Now, I'm going to butcher the pronunciation, but there's actually a very interesting title to the Irish Prime Minister.

00:04:13.000 Blake can put the name in the chat.

00:04:16.000 It's like Tegesach or something is the actual term for the Prime Minister of Ireland.

00:04:22.000 I learned that.

00:04:23.000 I didn't know that.

00:04:24.000 But this is President Trump going back and forth with the Irish leader.

00:04:30.000 Thank you.

00:04:31.000 The Tayoseach.

00:04:32.000 Tysak.

00:04:33.000 Whatever.

00:04:34.000 President Trump says that he will impose additional tariffs on the EU to respond to their retaliatory tariffs.

00:04:43.000 The reporter then responds and says, well, what will be the retaliation?

00:04:47.000 Listen carefully.

00:04:48.000 This is President Trump in the Oval Office going back and forth with this reporter saying, I don't blame Ireland for what they have done.

00:04:59.000 I don't blame the Irish government for putting duties on our country.

00:05:05.000 Play cut 131, please.

00:05:07.000 Before it arrives on the EU, will you respond to their retaliation?

00:05:11.000 Of course I'm going to respond.

00:05:13.000 The problem is our country didn't respond.

00:05:16.000 Look, the EU was set up in order to take advantage of the United States.

00:05:21.000 Including Ireland?

00:05:22.000 Is Ireland taking advantage of the US? Of course they are.

00:05:25.000 I can't.

00:05:26.000 You know, I have great respect for Ireland and what they did.

00:05:29.000 And they should have done just what they did.

00:05:31.000 But the United States shouldn't have let it happen.

00:05:34.000 We had stupid leaders.

00:05:35.000 We had leaders that didn't have a clue.

00:05:36.000 Or let's say they weren't business people, but they didn't have a clue what was happening.

00:05:40.000 And all of a sudden, Ireland has, you know, our farmers.

00:05:43.000 That's him talking to the Tayshia. 0.98

00:05:45.000 By the way, you can see how poorly I pronounced it.

00:05:47.000 The Tayshia. 1.00

00:05:48.000 The leader of Ireland.

00:05:51.000 Other countries can tariff the importation of American goods, but we don't tariff the importation of their goods.

00:05:58.000 Now, on the surface, we thought we were getting the better end of the deal.

00:06:02.000 We said, oh my goodness, we get all of these cheap products.

00:06:04.000 We get Mercedes Benzes.

00:06:07.000 We get Toyotas.

00:06:08.000 We get Samsungs.

00:06:10.000 But over time, you can only go to the well so many times.

00:06:15.000 You can only go to the cheap money spigot so often.

00:06:19.000 And the more that you start to get high on the unlimited flow of cheap money, the bill comes due.

00:06:26.000 And the bill has come due, everybody, with the rise of the Chinese Communist Party and our inability to make critical manufacturing. 0.81

00:06:33.000 Peter Navarro had an amazing appearance on Jesse Waters, and I want to break this down.

00:06:39.000 When he started talking about the details of the different tariffs that are put on...

00:06:47.000 American goods.

00:06:48.000 Let's play cut 134, please.

00:06:50.000 Now, there was a reason, Jesse, a reason why tariffs didn't cause a whiff of inflation during the first term.

00:06:58.000 We did historic tariffs on China.

00:07:00.000 We had steel and aluminum tariffs.

00:07:02.000 We had solar.

00:07:03.000 We had dishwasher.

00:07:04.000 We had these beautiful tariffs bringing in billions of dollars.

00:07:09.000 We had price stability and growth.

00:07:11.000 And I buried the lead, Jesse.

00:07:13.000 We are going to get...

00:07:14.000 The best tax cut in history, paid for in large part by tariff revenues from around the world, taken, Jesse, from the people who've been cheating us around the world with higher tariffs and higher non-tariff barriers.

00:07:28.000 It's a beautiful, bullish scenario.

00:07:30.000 We're bridging from Bidenomics to the bullishness of Trumponomics.

00:07:35.000 And what you see in the markets could be best described as a little bit of a...

00:07:42.000 Expulsion.

00:07:42.000 I don't want to use too graphic language, but you know it if you get the stomach flu or the norovirus.

00:07:47.000 Sometimes your body needs to expel some of the bad.

00:07:51.000 This is going to be a little bit of a transition phase.

00:07:57.000 I don't like to use the word transitory too much because the other administration butchered it.

00:08:01.000 Look, President Trump could easily not do this.

00:08:03.000 Understand the decision in front of President Trump.

00:08:06.000 President Trump very easily could have said, no tariffs.

00:08:10.000 Keep the market untouched.

00:08:12.000 Let the quote-unquote good times roll.

00:08:14.000 And the American middle class suffers.

00:08:16.000 You do not have a nation.

00:08:17.000 You do not have a country.

00:08:19.000 You do not have a social contract or social compact if you do not have a robust middle class.

00:08:26.000 A middle class is one that owns property, that pays your taxes, that makes your goods and services.

00:08:34.000 It is so tempting to be nothing but a service economy, but that has been the 1% that has done so well over the last 40 to 50 years.

00:08:42.000 Peter Navarro continues.

00:08:44.000 Play cut 133. We got the 3D, three-dimensional war on inflation, right?

00:08:50.000 It's drill, baby, drill.

00:08:51.000 Think about just going from $80 barrel oil down to $50.

00:08:55.000 Almost solved the whole thing right there.

00:08:57.000 But then you got deregulation and you got the Doge effect, which...

00:09:01.000 It's basically taking out waste, fraud and abuse, reducing our government debt.

00:09:06.000 What does that do?

00:09:06.000 That reduces, Jesse, mortgage rates and interest rates, which helps stimulate the home market and allows consumers not to have that overhang of debt.

00:09:16.000 Understand this.

00:09:18.000 What President Trump is doing, write this down, text to your friends, commit it to memory.

00:09:22.000 What President Trump is doing is completely reorganizing the philosophical, the political, the geopolitical and the moral posture of the federal government.

00:09:36.000 Thank you.

00:09:38.000 Economically.

00:09:39.000 It's a big deal.

00:09:41.000 It's going to take a little bit of a process, but coming out of it will become the strongest, most robust, long-lasting American economy in history.

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00:10:54.000 So as I was getting ready, I'm here in D.C., been through the White House doing meetings and all sorts of stuff.

00:10:58.000 I had Jesse Waters on.

00:10:59.000 And there was an amazing clip that the Jesse Waters team pulled out that I said, I gotta play this on the show.

00:11:05.000 If you want to explain the birth, the foundation, the catalyst of the MAGA movement, this clip summarizes better than almost any.

00:11:16.000 This sort of behavior is the genesis of the populist movement.

00:11:21.000 To put this in perspective, this clip happened before I was born.

00:11:26.000 This is from November of 1992. I was born in October of 1993. Before I was even boring.

00:11:36.000 This is a reporter that went to Bethlehem, Pennsylvania and was summarizing what we were just describing.

00:11:43.000 So basically here's what happened.

00:11:44.000 A bunch of smart guys like Mitt Romney and the consultant class, the ruling class, they all got their practitioner master's degrees from Harvard.

00:11:55.000 And what they were told is the most important thing is maximizing profit.

00:12:00.000 They were told the most important thing was maximizing the dollar.

00:12:04.000 You see, but that's not the only political question.

00:12:06.000 That's the only economic question, but when the political question, you must balance human happiness, community, family, crime, displacement.

00:12:17.000 But if you only ask the economic maximalization question, especially those that have no interest in the well-being of the body politic of the nation, or in the citizenry, you get decisions like this.

00:12:30.000 So you go to a place like Harvard and you get a master's degree from the Harvard Business School.

00:12:35.000 And the Harvard Business School will tell you it makes sense to shut down the mill.

00:12:41.000 Because they're unionized.

00:12:42.000 It takes too long.

00:12:44.000 They're not as efficient.

00:12:45.000 So shut down the mill in Bethlehem, Pennsylvania.

00:12:48.000 Because let's just say a thing of steel, let's just use round numbers, costs you $100.

00:12:53.000 And in China, you can get it for $60.

00:12:57.000 And yes, you've got to ship it, but there'll be no tariff.

00:13:00.000 That's the key, everybody.

00:13:02.000 That's the kicker.

00:13:03.000 If the American government would have said, actually, we're going to put a 10% tariff on, the consultant class like Mitt Romney, And all the Bain Capital cabal, they never would have been able to do this.

00:13:16.000 This example right here happened tens of thousands of times.

00:13:20.000 City by city, neighborhood by neighborhood, block by block.

00:13:24.000 And this eventually led to, first, Ross Perot.

00:13:28.000 Ross Perot was the first one to run under this energy.

00:13:31.000 He was the first one to recognize this.

00:13:34.000 This happened tens of thousands of times of plants closing and there were millions of people who lost their jobs.

00:13:40.000 So I want you to multiply what you were about to see.

00:13:45.000 An incredibly powerful piece of tape.

00:13:48.000 Credit to the Jesse Waters production team for finding it.

00:13:50.000 Commit this one to memory.

00:13:52.000 This here is what led us to this moment.

00:13:55.000 And what President Trump is doing is simply fixing what happened before I was even born.

00:14:00.000 And now President Trump is getting blamed by that for the media.

00:14:02.000 He's fixing what happened.

00:14:04.000 In this tape.

00:14:05.000 The human tragedy is unfathomable.

00:14:07.000 It was way too quick of a deindustrialization.

00:14:10.000 And drugs came in, and opioids came in, and crime came in, unemployment came in, and misery came in, and suicide came in.

00:14:16.000 Playcut 141. For ages, hot molten steel has been the lifeblood of Johnstown, vigorously pumping dollars and jobs through the city's veins.

00:14:26.000 But now, the pulse of the community is in cardiac arrest.

00:14:30.000 Bethlehem officials aren't making any more comments than what's contained in this press release.

00:14:34.000 They're sorry, but it's simply not cost-effective to run the mill any longer.

00:14:39.000 It does hurt, and there's a dramatic spin-off that's going to come from that, and there's going to be a lot of problems that have to be solved.

00:14:46.000 In part, Bethlehem cites fierce foreign competition and the national economy for their demise.

00:14:52.000 For some Bethlehem employees, it's hard to look past the shocking news.

00:14:57.000 Don't rely on a corporation that don't want you, in a sense.

00:15:01.000 And they don't care, you know.

00:15:03.000 You don't need a number.

00:15:04.000 You know who that guy is right now, 30 years later?

00:15:08.000 That guy is the guy at the side of the street with the MAGA flag that sits at Bethlehem, Pennsylvania, for three hours a day.

00:15:14.000 That guy that just showed on the piece of tape there?

00:15:17.000 That's the guy that waits six hours to go see President Trump speak at a MAGRO. Now, I'm of course exaggerating.

00:15:22.000 I don't know who this man is.

00:15:23.000 I'm saying the archetype of who this person is, that guy, whomever, I don't even know if he's still living, but he's a younger person in this.

00:15:33.000 Or he might have died of heart disease and a broken heart, divorced and poor, because we decided to ship the factory overseas.

00:15:43.000 We broke the social compact.

00:15:45.000 We did that.

00:15:47.000 And understand, just remember this, it is the experts who did this.

00:15:52.000 It is the same type of experts that told us six feet to slow the spread, the same types of experts that came in all in the name of an abstraction called free trade, free trade, free trade.

00:16:03.000 On certain things, of course, if we can have reciprocal free trade, but it was a neoliberal abstraction.

00:16:11.000 And what did it get us?

00:16:13.000 Got us communities that look like Gaza and a lot of people suffering and also the rise of the MAGA movement.

00:16:26.000 History, economics, the great works of literature.

00:16:29.000 Did you study these things in school?

00:16:31.000 Probably not.

00:16:32.000 Or even if you did, maybe it's time for an enjoyable refresher.

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00:17:28.000 Joining us now is great friend and patriot Eric Bolling, which you can find on Real America's Voice, host of Bolling.

00:17:36.000 Eric, welcome to the program.

00:17:37.000 Eric, you've been covering economic news for a while.

00:17:40.000 You understand the markets.

00:17:42.000 You understand the ups and the downs.

00:17:44.000 I want to get into just some of your analysis of where the market is at.

00:17:47.000 But first, I want to hear your comment, Eric, on what Trump is correcting.

00:17:51.000 Trump is correcting a 30-40 year error where we allowed the middle class of this country to be hollowed out.

00:17:58.000 And in came drugs, and in came homelessness and unemployment and misery.

00:18:03.000 Eric, talk about how President Trump is fixing a multi-decade problem.

00:18:08.000 Yeah, it's incredible, Charlie, what he's done in, what, 50 days or so.

00:18:13.000 He's really literally rewriting everything, not just, you know, social structures, but he's also rewriting how things like Wall Street work with the tariff.

00:18:24.000 He's teaching people, and I'll be perfectly honest with you.

00:18:27.000 I'm a free market person.

00:18:28.000 My entirety, I started CNBC 20-something years ago.

00:18:32.000 I've always been an advocate for the free market.

00:18:34.000 I don't like government involvement in markets.

00:18:37.000 They tend to adjust themselves better than government does.

00:18:41.000 He taught me something this time.

00:18:44.000 He mentioned something called, you know, we have the Internal Revenue Service, which means we're all paying money, we work hard, we pay our taxes.

00:18:52.000 That's the internal within the United States.

00:18:55.000 But these tariffs are external revenue, right?

00:18:58.000 It's coming from the outside.

00:19:00.000 And, you know, it really does tell you, well, maybe it's taking some of the burden off us, the people who are paying the vast majority of the four.

00:19:08.000 $5 trillion budgets that we're putting together.

00:19:12.000 So he's rewriting all the rules.

00:19:16.000 What I saw yesterday, actually, when he brought the Teslas out after the market closed, he started around 3.56 or so.

00:19:27.000 My show starts at 4 o'clock.

00:19:30.000 He started a couple minutes before.

00:19:31.000 Elon at 4.05 says, I'm here to double my...

00:19:37.000 Automobile output to the United States next year.

00:19:41.000 Wow.

00:19:42.000 After the market closes.

00:19:43.000 So what happened earlier in the day, what we didn't realize was the market was down yesterday.

00:19:48.000 It was down, you know, a good amount of day before yesterday.

00:19:51.000 It was down a good amount of two and a half, almost 3%.

00:19:55.000 Tesla was down 17%.

00:19:58.000 It was five times the market move because there were people attacking Elon Musk and Tesla because of his closeness.

00:20:06.000 To Trump and Doge.

00:20:08.000 And so they were punitively damaging, the Wall Street was punitively damaging Elon Musk and Tesla.

00:20:14.000 After the close, Musk says, we're going to double our output.

00:20:17.000 And Trump says, I love this car.

00:20:19.000 I want to buy one of these cars.

00:20:20.000 I said to the audience, I'm watching this at 408, 409. Tesla's going to open up a lot higher tomorrow today.

00:20:26.000 And it's going to run.

00:20:27.000 And it's up $18 a share today.

00:20:30.000 This is, you don't, here's my point.

00:20:32.000 You don't mess with Donald Trump.

00:20:35.000 And Elon Musk, two of the smartest people in the world in markets.

00:20:39.000 And that means it's not like they're making money for themselves, Charlie.

00:20:43.000 They have plenty of money.

00:20:44.000 They're the richest man in the world.

00:20:47.000 Trump's got $5, $6, $7 billion.

00:20:49.000 He doesn't need the money.

00:20:50.000 That's not what this is about.

00:20:51.000 It's about helping the American people.

00:20:52.000 It's about helping the middle class.

00:20:54.000 And it is just fascinating to see because these are all rewriting the way finance works.

00:21:03.000 We are all going to benefit from it.

00:21:06.000 Every single American is going to benefit from those two guys right there.

00:21:10.000 That handshake right there should scare the bejesus out of the liberals because that's going to make America great again and better.

00:21:16.000 So, Eric, I want you to just speak some stability.

00:21:20.000 There are people in our audience that have a lot of their retirement, their 401k, their nest egg, and they're seeing a little bit of red on their iPhone.

00:21:30.000 They're seeing a little bit of red on their TV screen.

00:21:32.000 They're not used to that always with President Trump.

00:21:35.000 And they're not necessarily overly concerned, but you can start to hear the little voice in the back of the head.

00:21:40.000 Should I sell, sell, sell?

00:21:42.000 I know you're not doing investment advice, nor do I want you to.

00:21:45.000 But I want you to give your career perspective on this, Eric.

00:21:50.000 The ups and the downs.

00:21:51.000 The need to look at the macro picture.

00:21:54.000 Some historical perspective.

00:21:56.000 Eric Bolling.

00:21:56.000 I give you very much.

00:21:58.000 So historically, if you buy and hold, you've done amazing.

00:22:05.000 You've literally, you've never, sure there are some bumps in the road, some recessions, 2007 hurt, but if you stuck it out, you're way better.

00:22:17.000 We're triple, four times the level on all these indices that we were in 2007. Here's the thing that is really, really telling on all of this.

00:22:28.000 Trump gets inflation down, period.

00:22:29.000 He does.

00:22:30.000 Last time he was president, I started my career in the oil business.

00:22:34.000 I was an oil trader for, you know, 15 years.

00:22:37.000 Never once in my life have I ever seen what Trump did in 2018. He had oil prices negative.

00:22:45.000 It went to zero, and there was so much oil in America, it went negative because...

00:22:50.000 People were looking for places to put the oil.

00:22:52.000 They didn't have it.

00:22:53.000 There was so much oil and gas prices were $1.49, $1.89.

00:22:58.000 I've never seen that in my entire life.

00:23:00.000 He's going to do it again.

00:23:01.000 Drill Baby Drill was one of his platform, one of the legs of the platform that he sold the American people on himself.

00:23:09.000 He will do it.

00:23:10.000 He'll get oil prices down.

00:23:11.000 When oil prices go down, everything goes down.

00:23:13.000 Everything goes down.

00:23:15.000 Not just food, not just energy.

00:23:17.000 Everything is made with an oil kind of DNA in it.

00:23:22.000 Toilet paper has an oil aspect of toilet paper to the manufacturing process.

00:23:28.000 A tomato in California has an oil price to it because you have to ship the tomato from California to New York or wherever.

00:23:37.000 Everything's hinged and dependent on the price of oil.

00:23:40.000 Trump knows to get oil prices down.

00:23:42.000 Inflation goes down.

00:23:43.000 We just saw egg prices that have gone up for the past four years actually slam down to the price that when Trump took over six weeks ago, seven weeks ago, and it will continue to go lower.

00:23:56.000 There it is.

00:23:57.000 There's the egg price chart right there.

00:23:59.000 Great job, producers.

00:24:01.000 And this is a month and two weeks into this.

00:24:04.000 It will continue.

00:24:05.000 Prices are going to come down.

00:24:07.000 That's more money.

00:24:08.000 That's more everything for the family budget.

00:24:12.000 Be patient.

00:24:13.000 Yes, he's right.

00:24:14.000 There's some red on some Wall Street stock indices.

00:24:18.000 But over the long run, when prices come down and you have employment, we're still fully employed.

00:24:24.000 The employment number came down.

00:24:25.000 We are completely fully employed as an economy.

00:24:28.000 When you have strong employment and lower prices, that's fuel for much better things to come.

00:24:35.000 And Eric, we're also seeing for the first time in 15 months more native-born Americans getting jobs than foreign-born Americans.

00:24:42.000 We are seeing prices go down.

00:24:44.000 The inflation report was very, very good.

00:24:46.000 We just showed the egg prices going down and the price of oil is also going down.

00:24:52.000 I think it's right near $65 a barrel right now.

00:24:55.000 And speak to the geopolitics.

00:24:56.000 Speak to the geopolitical.

00:24:58.000 As President Trump ends the Russian-Ukrainian war, as he makes the Middle East tensions go down, and that directly, without any other executive action, could actually bring down the price of oil.

00:25:11.000 Eric, do you agree with that?

00:25:13.000 Charlie, you're nailing it, because I believe the price of oil will turn everything better for America.

00:25:22.000 If the tension in the Middle East...

00:25:24.000 If Saudi Arabia is all of a sudden okay and everything's fine, Iran calms down because Russia says, calm down.

00:25:32.000 We have a peace deal going on.

00:25:34.000 You don't screw the peace deal up.

00:25:35.000 We can now, again, access Russian oil.

00:25:39.000 Russian is like the fourth largest oil producer in the world.

00:25:42.000 We're the largest.

00:25:43.000 Saudi Arabia is the second.

00:25:44.000 If we all start...

00:25:46.000 I mean, again, when we fully output, when we fully explore all of our oil, we're the top producer in the world.

00:25:52.000 So if we have the U.S., we're friendly with Canada.

00:25:56.000 Mexico is a major producer.

00:25:58.000 We're friendly with Saudi Arabia.

00:26:00.000 We can, again, tap into the Russian oil market, because right now we're not, because they're in war.

00:26:05.000 This brings oil prices down.

00:26:07.000 When oil prices go down, everything is better geopolitically.

00:26:10.000 Everywhere.

00:26:10.000 And we...

00:26:11.000 Are far more prosperous.

00:26:13.000 We are very, very dependent on the price of oil.

00:26:16.000 Crude oil is our lifeblood.

00:26:18.000 It's literally the blood that runs through the veins of our economy.

00:26:22.000 And Trump knows this.

00:26:23.000 He's always known.

00:26:24.000 Charlie, I started at Fox in, I think, 2007. And I used to do these every Monday morning on Fox and Friends.

00:26:31.000 I would host Donald Trump on a phone call.

00:26:34.000 And we talked oil.

00:26:36.000 And from that day, I realized, he realized how important a lower oil price is.

00:26:41.000 For the economy and for America.

00:26:44.000 Joe Biden bought oil at $120 a barrel.

00:26:48.000 He bought oil.

00:26:49.000 He released it in the Strategic Petroleum Reserve.

00:26:52.000 And then to replace it, he paid $120 a barrel for oil.

00:26:56.000 Trump knows better.

00:26:58.000 I can't tell you how confident and excited I am to see what the next four years are going to be with Trump.

00:27:06.000 Drill, baby, drill. 1.00

00:27:08.000 And let this economy just go.

00:27:11.000 Unleash it.

00:27:11.000 Just let it be.

00:27:14.000 And again, with the AI, with this whole AI movement that's going on, we've become the global leader in AI. It's almost, remember back in the 80s when technology exploded for the first time and the internet exploded, we were the leader and then we farmed it out.

00:27:32.000 We are again becoming the leader in technology.

00:27:36.000 With our AI companies, Apple, NVIDIA, Silicon Valley.

00:27:41.000 Elon Musk, really.

00:27:43.000 Elon's one of the four.

00:27:44.000 And it all ties together, Eric.

00:27:46.000 Let's not bury the lead.

00:27:48.000 Energy is AI. If you do not have the energy to power these data servers and these data farms, your little chat GPT is more energy intense than you realize.

00:27:58.000 It requires a lot of oil and natural gas to make that hum.

00:28:02.000 And so when you have Drill Baby Drill and then you have an infrastructure project, boom, you are able to be the AI leader in the world.

00:28:11.000 Why Refi refinances distress or defaulted private student loans that others won't touch.

00:28:16.000 They provide you with a custom loan payment based on your ability to pay.

00:28:20.000 About $45 billion of private student loan debt is labeled as distressed.

00:28:24.000 If you are a private student loan borrower of debt, check it out.

00:28:28.000 Why Refi does not care what your credit score is.

00:28:30.000 It may not be available in all states.

00:28:32.000 Bad credit is accepted.

00:28:34.000 Do you have a co-borrower?

00:28:35.000 Why Refi can get them released from the loan and you can give mom or dad a break.

00:28:39.000 You can even skip a payment every six months up to 12 months without penalty.

00:28:43.000 Call 888-YREFI-34.

00:28:45.000 Log on to YREFI.com.

00:28:47.000 That is Y-R-E-F-Y.com. YREFI.com.

00:28:50.000 Can you imagine being debt-free and not living under this burden anymore?

00:28:54.000 Be unburdened by what has been.

00:28:56.000 May not be available in all states.

00:28:58.000 Go to YREFI.com.

00:28:59.000 That is YREFI.com.

00:29:01.000 Y-R-E-F-Y.com.

00:29:03.000 Eric, tell us about your program, H-E-F-Y.

00:29:07.000 how people can find it, what you guys are covering.

00:29:09.000 It's been amazing.

00:29:10.000 I think I've been with Rav and I share a network with you and Bannon and just absolutely loving it.

00:29:17.000 We're every day live at 4 o'clock and it just so happens somewhere around 4 o'clock or 3.30, President Trump likes to sign some executive orders.

00:29:26.000 So we usually come in and he's signing orders and he's just playing with the reporters.

00:29:34.000 It's just really free-flowing.

00:29:35.000 It's absolutely free-flowing.

00:29:37.000 Just react to the craziness of the day.

00:29:41.000 We'll do a guest or two, but it's generally just...

00:29:43.000 I've been doing this a long time, Charlie, and I bring some of the market stuff to the show as well.

00:29:49.000 So just really enjoying an hour of television on Rev and Roku and all those.

00:29:55.000 And then we do the old digital thing, too.

00:30:00.000 We post it everywhere as well.

00:30:02.000 Have a great time.

00:30:04.000 Having a ball.

00:30:05.000 Rob and Parker do a great job.

00:30:07.000 We're honored to have you, Eric, as part of the Real America's Voice team.

00:30:11.000 One last question here, Eric.

00:30:13.000 What do you want to see out of this congressional bill from an economic standpoint?

00:30:17.000 I know tax cuts, D-rag, but what is going to have the long-term economic boost for middle-class Americans that you want to see Congress? 0.56

00:30:27.000 Because Trump is signing stuff every day, as you just say during your show, but what the fresh heck is Congress doing?

00:30:33.000 They've got to get off their tail and start producing here.

00:30:36.000 Eric?

00:30:36.000 You know, I'm not a huge fan of continuing resolutions.

00:30:40.000 I'd rather see real cuts and real cuts to programs, personally.

00:30:45.000 But, you know, again, I'm a little bit more, maybe more hardcore.

00:30:47.000 But this is a wonderful moment.

00:30:49.000 This is a wonderful moment where Congress and the Speaker of the House has got this vote that he...

00:30:59.000 And he's got it.

00:31:01.000 And then they send it to the Senate.

00:31:03.000 And the Senate Democrats are now in the biggest bind of their, probably of their careers, where if they sign it, they've capitulated to Trump and they'll hate themselves for it.

00:31:15.000 And if they don't sign it, they're going to be responsible for shutting down the government and America will be really ticked off at them.

00:31:22.000 So I'm loving, I'm actually like making the popcorn to watch how this plays out over the next couple of days and the best part of this.

00:31:29.000 As Speaker Johnson said, we're done.

00:31:31.000 Here it is.

00:31:32.000 Let us know.

00:31:33.000 And then they're skedaddling out of town.

00:31:37.000 You know, Charlie, personally, Doge is really, really important.

00:31:41.000 It's cutting back waste, fraud, and abuse.

00:31:45.000 I'd like to see the real hardcore spending cuts.

00:31:48.000 And this may not sit well with a lot of people, a lot of folks, but I'd like to see some defense cuts.

00:31:53.000 I mean, Pete's doing great.

00:31:55.000 Heck, Seth, I love him.

00:31:56.000 But maybe you can come in and, you know, maybe tie some things up.

00:31:59.000 We're approaching a trillion dollars a year.

00:32:01.000 A trillion dollars a year.

00:32:03.000 I mean, the next closest is China at $240 billion.

00:32:07.000 I mean, do we really need four times China?

00:32:10.000 Maybe not.

00:32:11.000 So again, I'm an old school, more hardcore, you know, balanced budget type guy, but...

00:32:18.000 That may not be realistic, but I really love the politics that's playing out right now because I can't wait to see what Chuck Schumer does.

00:32:25.000 Here's the crisis, and Eric, you'll love it.

00:32:27.000 This is the problem, is that a significant percentage of our federal budget, about $600 to $700 billion a year, is spent on, guess what?

00:32:36.000 Actually, $720 billion a year.

00:32:38.000 On interest.

00:32:39.000 On interest.

00:32:41.000 Servicing the debt.

00:32:42.000 It's more than the GDP of...

00:32:45.000 Of almost every country in the world, yeah.

00:32:47.000 Just the interest, yeah.

00:32:48.000 $2 billion a day, everybody.

00:32:50.000 $2 billion a day go towards just servicing the debt.

00:32:56.000 Can I throw a little thing in this?

00:32:59.000 Very, very quickly.

00:33:00.000 So when Trump reduces inflation, when Trump reduces inflation...

00:33:05.000 This is a good thing because it reduces our cost to carry that debt.

00:33:08.000 It brings the interest rates down.

00:33:11.000 You're right, Eric.

00:33:12.000 And I hope we get some rate cuts throughout this year.

00:33:14.000 I have no idea if we will or not.

00:33:16.000 But let's say that we get them.

00:33:19.000 That's not a license to keep borrowing.

00:33:21.000 That's the problem.

00:33:21.000 Is that D.C. is going to say, oh, spending spree can continue.

00:33:25.000 But where we are at right now, I hope if you want to have one good talking point for your friend or a neighbor, right now we've spent $2 billion a day.

00:33:33.000 Just on the interest of our debt.

00:33:36.000 That's 700. To put that differently, we're spending about the same almost on our defense budget as we are in interest payments.

00:33:44.000 Eric, thanks so much.

00:33:45.000 Check out bowling every day during the President Trump executive order signing hour.

00:33:50.000 Thanks so much for listening, everybody.

00:33:51.000 Email us, as always, freedom at charliekirk.com.

The Charlie Kirk Show - March 13, 2025

The People Voted for Tariffs, And Here's Why

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