On today's show, Glenn and Stu discuss the new president, Donald Trump, and his plans for the economy and the future of the country. They also discuss how to react to the news that Trump is running for president in 2020.
00:01:04.000I don't want to get out over my skis or anything, but I think it's safe to at least hope that the housing market is going to continue to improve now that the big mean orange bigot is going to be back in office.
00:01:16.000I mean, you might be a little more likely to be thinking about moving over the next four years.
00:01:22.000And for that, you're going to need a real estate agent.
00:01:25.000And I'm not talking about Sam Amateur who does it on the weekends.
00:01:28.000I mean, a serious person, an adult in the room, if you will.
00:01:31.000My company, Real Estate Agents I Trust, can pair you up with such an agent.
00:01:37.000We just seriously, seriously vet them on best practices and everything else.
00:01:43.000We watch and monitor every sale and transaction that they make to make sure that everybody is happy at the end because we want you to have a serious, smart, hardworking and honest real estate agent.
00:01:56.000You just tell us where you're moving to and from, whether it's across the street or across the country, and we'll help you find the real, the right real estate agent.
00:03:06.000One of the central parts of education policy for Republicans for as long as I've been aware of politics have been the idea of, you know, school choice.
00:03:17.000And nothing ever happened until the past couple of years.
00:04:05.000It's called accreditation for a reason.
00:04:07.000The accreditors are supposed to ensure that schools are not ripping off students and taxpayers, but they have failed totally.
00:04:15.000When I return to the White House, I will fire the radical left accreditors that have allowed our colleges to become dominated by Marxist maniacs and lunatics.
00:04:26.000We will then accept applications for new accreditors who will impose real standards on colleges once again and once and for all.
00:04:36.000These standards will include defending the American tradition and Western civilization, protecting free speech, eliminating wasteful administrative positions that drive up costs incredibly.
00:04:48.000Removing all Marxist diversity, equity and inclusion bureaucrats, offering options for accelerated and low cost degrees, providing meaningful job placement and career services and implementing college entrance and exit exams to prove that students are actually learning and getting their money's worth.
00:05:10.000Furthermore, I will direct the Department of Justice to pursue federal civil rights cases against schools that continue to engage in racial discrimination and schools that persist in explicit, unlawful discrimination under the guise of equity.
00:05:26.000Will not only have their endowments tax, but through budget reconciliation, I will advance a measure to have them find up to the entire amount of their endowment.
00:05:39.000A portion of the seized funds will then be used as restitution for victims of these illegal and unjust policies, policies that hurt our country so badly.
00:05:49.000Colleges have gotten hundreds of billions of dollars from hardworking taxpayers, and now we are going to get this anti-American insanity out of our institutions once and for all.
00:06:02.000We are going to have real education in America.
00:06:44.000And one other thing I'll be doing very early in the administration is closing up the Department of Education in Washington, D.C. and sending all education and education work and needs back to the states.
00:06:58.000We want them to run the education of our children because they'll do a much better job of it.
00:08:04.000Well, I mean, look, I'm trying to be realistic here.
00:08:07.000You know, I mean, but I think that there is I think it's interesting because Trump, when he puts his when he puts his mind to it, he can accomplish anything.
00:08:17.000And but there are certain things that he says that are things I think he likes and wants, but aren't central focuses of his life.
00:08:25.000For example, we know the border is right.
00:09:09.000Typically, maybe he's going to come up with a whole new way to do it.
00:09:12.000Maybe he's putting all these people in, you know, that are going to be able to kind of shepherd these things so he doesn't have to focus on them all the time.
00:13:53.000Any Republican president in that field could have listed Marco Rubio as Secretary of State.
00:14:01.000It's like, I don't even think, I'm not saying it's a bad pick, but like, it is not particularly consistent with like what I hear from the audience at times about like how against Ukraine funding they are.
00:14:12.000How against Ukraine and the WEF and the United Nations.
00:19:02.000Solar energy, electric cars, new battery technology.
00:19:05.000All of these require huge amounts of silver.
00:19:07.000And just in case you haven't been paying attention, it isn't just here at home.
00:19:11.000China is buying massive amounts of it as well.
00:19:14.000You need to be building a hedge against insanity of a falling U.S. dollar.
00:19:19.000Unless we turn this unless we turn this economy and start building things here, we are not going to be able to make the the the payment on the debt soon.
00:19:31.000Lear Capital, eight hundred nine five seven gold, eight hundred nine five seven gold.
00:19:36.000They're the only gun gold company with a twenty four hour risk free purchase guarantee.
00:19:41.000Ask them how you can get up to fifteen thousand dollars in bonus gold or silver with qualifying purchase.
00:19:46.000It's Lear Capital, eight hundred nine five seven gold.
00:21:16.000The Donald Trump is making a good case when he's talking about getting rid of the income tax because tariff tariffs will raise the prices of things, especially if he does it the way he's talking about doing it.
00:21:31.000But if he is getting rid of or lowering the income tax to, you know, 10 percent, it's such a boon for the economy that we could make up that deficit and become a very powerful nation again.
00:21:58.000And I think they are looking at the trees for the forest here, because if you replace a tariff, which is basically a sales tax, but it's one that focuses on imported goods.
00:22:11.000If you replace that with either reducing or, you know, in our dream scenario, abolishing the entire income taxes, absolutely rocket fuel for the economy.
00:23:42.000So if Trump can take us back there and all we have to do is like an eight percent sales tax on Chinese stocks, that is the deal of the century.
00:23:51.000OK, so let's go over the who pays the tariffs, American companies or the foreign country.
00:23:57.000Interestingly, during Trump's first term, he put tariffs on China and China actually paid about 80 percent of those.
00:24:07.000So it would issue subsidies to Chinese exporters so they could maintain market share and keep their prices low.
00:24:15.000So the Chinese government paid the tariffs.
00:24:19.000So if he does it again, he's talking about hitting China with something like 60 percent tariffs and then between a 10 and 20 percent tariff for everybody else.
00:24:28.000Now, given Trump's style, he is not going to come in and do that across the board.
00:24:33.000He's going to come in and use that as a club.
00:24:36.000Right. So the Europeans specifically, they act like a fortress.
00:25:16.000Once you write me a check for 50 billion to keep access.
00:25:19.000To keep access. That's exactly what the Europeans do.
00:25:21.000So the first thing Trump's probably going to do, given what he did last time, is he'll call up Europe and he will do the exact same thing.
00:25:28.000He'll say, you know, I got a 20 percent tariff burning a hole in my pocket.
00:25:32.000I need you to do something for some some things for me.
00:25:35.000But anyway, even if he does end up applying those to all foreigners, the Europeans are not going to cover the exporters because they're in a deep fiscal hole.
00:25:45.000They don't have the money. They're already bankrupt.
00:25:47.000They're not going to do what China did.
00:25:49.000But a lot of those tariffs, especially the ones for China, are probably going to keep getting paid by China because exports to America are what they live on.
00:25:59.000And we should not be empowering them, quite honestly.
00:26:03.000Now, here's why here's why I have possibly turned around.
00:26:08.000I'm willing to listen to tariff talk because in my in my cute little head, I keep thinking that all of the with when you have an extra 20 or $30,000 that you're pulling in every year,
00:26:26.000whatever it is you were paying in income tax and and everything, everything goes down that's made here in America.
00:26:34.000If you're not paying that income tax, you have a lot of extra buying power, which means most Americans will spend that and we'll grow our economy, which will put more taxes.
00:26:46.000Well, we don't have tax, so that wouldn't work.
00:26:49.000How does that how does it work when you don't have taxes?