The Stone Zone ｜ 05-12-25
Episode Stats
Summary
The Stone Zone is the hottest political commentary show on radio today, hosted by conservative commentator and radio host Roger Stone. This week, the Stone Zone's host, Roger Stone, is joined by his guest, political commentator and writer, Rob Stone, to discuss the Trump administration's efforts to combat the spread of the deadly measles virus, as well as the proposed ban on synthetic dyes in food and beverages.
Transcript
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this is the stone zone with roger stone people love him and respect him roger stone now get
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in the zone it's the stone zone here's roger stone i'm roger stone and you're back in the
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stone zone the hottest political commentary show on radio today i don't know about you but i for
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one am not tired of winning under president donald trump we have a ceasefire in the war between india
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and pakistan we have the russians agreeing to meet with the ukrainians at long last we have the
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announcement of a trade deal with china and the president has made a historic announcement that
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is expected to cut prescription drug prices by as much as 50 perhaps more i'm particularly impressed
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with secretary of health and human services robert kennedy only two days after federal officials
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including rfk took action against synthetic dyes for foods and beverages pepsico and their chief
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executive officer announced that their company has already begun phasing out artificial colors
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and reducing other ingredients in its products to meet consumer preferences quote we obviously stand
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by our science uh ramon laguata the head of pepsico said our products are very safe there's nothing to
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worry about but we understand there's probably going to be consumer demand for more natural ingredients
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we're going to be accelerating that transition ideally we do this in a very pragmatic orchestrated way
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as an industry and not create unnecessary panic and chaos what's shocked me is how many cereals and
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other common foods that we buy here in the united states which have dangerous in some cases toxic
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additives uh when the same exact name brand is sold in europe they don't because those ingredients are
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already illegal there now under the leadership of rfk uh we are outlawing those toxic ingredients here
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in the meantime rfk has determined that the vaccinations the mrma vaccinations actually include dna
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fragments from aborted fetuses this has caused a religious objection among some americans let's listen to
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rfk we also understand that some people don't do that the mmr vaccine that we currently use
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has over it has millions of particles from um that were created from aborted fetal tissue
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millions of dna fragments and there are people who have religious objections toward those and those
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people should be treated with compassion if they come to a hospital and they're sick we need to know
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how to treat them and one of the failures of the cdc in the past is they weren't telling doctors no
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no kids should die of measles in this country even in 1963 for the introduction of the vaccine there
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were 400 deaths a year and there were up to two million measles cases so it's only very very sick
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kids should die from measles you know nobody should there's something we're saying that the rubella portion
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of the vaccine and you're talking about the produce from the fetal cell line originated from an
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abortion that took place in the 60s but the mmr vaccine doesn't contain the cells in its final
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form it doesn't contain cells but it contains dna fragments got it got it and so that's your point
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yeah so and people have religious objections to that and although i might not share those objections
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i i respect them and i think those people you know a lot of the men and i said told me and i went
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down there and spent time with the community during the outbreak and they said they didn't want to go
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to the hospital because they were treated as pariah they said we were treated like lepers there
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and that should not be part of american health care if somebody comes in if they have religious
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objection we should still be treating them and your big point is a choice i agree completely with rfk
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i do object and i think he's been very forthright about saying it meanwhile he has announced plans
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for the fda to phase out six remaining synthetic dyes for food green number three red number 40
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yellow number five and number six blue number one and two by the end of 2026 in january the fd had
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already ordered that red number three be out of u.s foods and beverages by 2027 but now under rfk the
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agency is moving much much faster he's also announced that the hhs will begin looking into
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geoengineering that's what some of us know as chemtrails you've seen them in the sky behind
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airplanes now as as hhs secretary robert kennedy jr has confirmed that this geoengineering has been
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happening and he has correctly labeled it a crime after the british government announced new geoengineering
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efforts to quote combat climate change last week rfk responded we will soon end this crime against
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humanity and our planet and bring justice to the plutocrats who are perpetrating this mass
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uncontrolled experiment to be very specific what we are doing is releasing these toxic chemicals
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through aerosols into the air in fact rfk recently sat down on a segment i saw with dr phil and he
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stunned the audience when a woman asked him point blank about the toxic aerosols being sprayed over
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us every day my biggest concern is the stratospheric aerosol injections that are continually peppering us
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every day the lady asked bromium aluminum strontium it's sprayed into our skies you know we don't do that
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but it is done we think said kennedy by darpa naming the defense advanced research project agency
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a lot of it is now coming out of the jet fuel those toxic materials are being put in the jet fuel i'm
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going to do everything in my power to stop it we're going to bring anyone who's doing that to stop
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this is why i respect rfk and why he is making work good on his word to make america healthy again
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meanwhile president donald trump has signed a historic order to reduce drug costs for americans
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he signed this executive order yesterday implementing most favored nation prescription drug pricing
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which delivers dramatically lower drug prices for the american people but the president is well always
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entertaining in the way he announces things let's listen to what the president had to say i mean i'll tell
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you a story friend of mine who's a business man very very very top guy most of you would have heard of him
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highly neurotic brilliant businessman seriously overweight and he takes the fat the fat shot drug
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and he called me up and he said uh president he calls me he used to call me donald now he calls me president
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so that's nice respect but she's a rough guy smart guy very successful very rich i wouldn't even know
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how we would know this but because he's got comments president could i ask you a question what
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i'm in london and i just paid for this damn fat drug i take i said it's not working he said he said
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i just paid eighty eight dollars and in new york i paid thirteen hundred dollars what the hell is going on
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uh there he is uh the uh the comedian in chief the stand-up comic in chief donald trump
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uh always entertaining but making an important point uh again the secretary of hhs robert f kennedy
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will establish a mechanism to which american patients will now be able to buy their drugs
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directly from manufacturers who sell to americans at a most favored nation's status price bypassing
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the middlemen this order is expected to reduce the cost of pharmaceutical drugs by up to 30 as high as
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80 percent the order also directs the u.s trade representative and the secretary of commerce
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to ensure that foreign countries can no longer take advantage of americans as other administration
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officials work to negotiate with directly with manufacturers americans fund about 75 percent of
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big pharma profits while we've been paying three times what other nations do for the exact same drugs
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drug manufacturers discount these products to gain access to foreign markets and then they subsidize
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those discounts through high prices charged in america in essence americans therefore have been
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subsidizing drug manufacturing profits and foreign health systems despite drug manufacturers benefiting
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from generous research subsidies and enormous health care spending by the u.s government trump's order
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ends this scam once and for all no more subsidizing foreign socialism with u.s wallets starting today
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the united states will no longer subsidize the health care of foreign countries president trump said
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and we will no longer tolerate profiteering and price gouging from big pharma meanwhile president
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uh donald trump's secretary of the treasury scott besson by the way i think scott besson is absolutely
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among the president's very best uh nominees uh very best appointments uh announced uh a historic win
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in a major win for the president uh besson said that we had reached the framework of a trade deal
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with the uh communist chinese let's listen to the secretary of the treasury what has to happen is it has to be
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fair for the american people but in january 2020 president trump produced a template we had an excellent trade
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agreement agreement agreement with china and the biden administration chose not to enforce it
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the chinese delegation basically told us that once president biden came into office they just ignored
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their obligations so uh you know we all already have a large framework the other thing to remember here
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jonathan is that this is a pause down to 10 percent the april 2nd level for china is 34 percent so
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we will be working to see where their final reciprocal number ends up and the negotiations are
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a combination of tariffs non-tariff trade barriers currency manipulation and subsidies of labor and capital
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so this is a major major win for president trump and his america first trade doctrine the united states
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and china have agreed to a deal that cuts both countries tariffs on each other's imported goods by 115
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percent for at least 90 days the treasury secretary held these discussions in geneva switzerland with the
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chinese the talks aim to address the escalating trade war which has seen the president impose tariffs as high
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as 145 percent on chinese goods with china then retaliating with 125 percent tariffs on american products
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clearly the president's strategy has brought the chinese not only to the table but to a deal now
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under the new deal the u.s will slash its previously imposed 145 percent tariff on chinese imports down to a
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mere 30 percent while chinese will then match that reduction with a uh from its retaliatory 125 percent
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duties cutting them to just 10 percent additionally secretary besant said china had agreed to help
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the u.s take aggressive actions to stem the flow of deadly fentanyl and other precursors of fentanyl
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from china to elicit drug producers in north america besant told reporters that china blew off their
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trade obligations uh as soon as joe biden entered office he pointed out that uh as you heard that the we had a deal
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we had a template for trade with china under president donald trump but as soon as joe biden became president
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he decided not to enforce us so they basically the chinese just blew us off on true social the president expressed he was
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very happy with this exciting new deal a very good meeting with the china chinese in switzerland he said
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many things discussed much agreed to a total reset negotiated in a friendly but constructive manner
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we want to see for the good of both china and the u.s opening up of china and american business
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and under secretary of the treasury scott besant great progress has been made we have more political
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news coming up for you here in the stone zone we appreciate your tuning in every day here five
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days a week we talk uh history news politics style uh culture oh and yes of course food so whatever you
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do don't touch that dial we'll be right back in the stone zone we're going to talk about uh the pope
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and his brother because the pope seems to be maga the pope seems to be probably the pope's brother
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seems to be maga i'm hoping that the pope's brother will go visit him in rome and maybe give him some
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of that maga religion you tuned into the roger stone show and we'll be right back this is the stone zone
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if you're looking to create grow and sustain your wealth download and subscribe to the pain points of
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wealth podcast at be bullish.com with bob ryan and chris pain it's your podcast for market insights
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00:14:45.120
this is the stone zone with roger stone they went after a guy named roger stone who's sitting in the
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office and i'll say this in front of roger he's no baby and right now he's cleaner than anybody in
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this place now as i treated him very unfairly now get him a zone it's the stone zone here's roger stone
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welcome back in the stone zone the far left media and their allies the democrat party are in full
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panic mode after it was revealed that lou provost the straight shooting floridian who's the brother of
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the newly elected american pope leo isn't just a catholic but he's unapologetically maga provost a
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port charlotte florida native proudly lives his life like many forgotten americans with faith freedom
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well and the first amendment but now after his younger brother ascended to the papacy as pope leo the
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the 14th the leftist media mob is frantically digging through lou provost's facebook looking for anything
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they could use to cancel him over and i guess they think they found gold what they found instead was
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a red-blooded american patriot who tells it like it is it's absolutely glorious lou provost shared a
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video of a liberal support group for those suffering from trump derangement syndrome with the caption for
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my upset crying left-leaning friends and others suffering from tds this service seems right for you
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even more amusing on april 4th lou provost we posted a video of a younger nancy pelosi arguing for tariffs
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on china exposing the radical 100 degree flip-flop that pelosi and her democrat cronies have pulled
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to appease the leftist globalists the original polls didn't hold back saying these effing liberals
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crying about tariffs are just unreal don't they know there's such a thing called video just listen to
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what a drunk has to say in the middle 90s before her husband had grinder dates that's pretty hardcore
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by lou provost also i found it entertaining that lou provost it seems to be red-pilled when it comes to
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nixon and watergate he actually posted a graphic in which it pointed out that well while nixon only erased
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13 minutes of a tape hillary clinton erased 33 million classified emails destroying them with a
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hammer and uh and beach bit bit bleach pardon me uh when they were under subpoena so the president's
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brother pardon me the pope's brother uh is a maga the pope is a registered republican he seems to be a
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moderate but uh like all good catholics we pray for him uh appears that on matters like uh gender
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nonsense uh and the right to life he remains solid in the traditional teachings of the church when we
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come back we're going to talk to barry habib one of the country's leading experts on hauguses and
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mortgaging and a keen economic analyst about the impact of the announcements by president trump that
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not only are we going to deeply cut prescription drug prices but we have a trade deal with our
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foremost adversary of communist china we'll be right back with barry habib on the other side whatever
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you do don't touch that dial this is the stone zone with roger stone they went after
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a guy named roger stone who's sitting in the office and i'll say this in front of roger he's no baby
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and right now he's cleaner than anybody in this place now as they treated him very unfairly now
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get in the zone it's the stone zone here's roger stone and you're back in the stone zone joining me now
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is barry habib he is the chief executive order for officer of mbs highway more importantly
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he is one of the country's leading authorities on both housing and the mortgage industry uh he is
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the go-to guy on mortgages and housing but also a keen economic analyst he is widely credited with
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saving the mortgage industry back in 2020 from margin calls due to federal reserve actions it was barry
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habib's presentation to the fed that created stability at a crucial time he is now the four
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time winner of the crystal ball award given by fanny may pulsonomics and zillow for the most accurate
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real estate forecasts uh among the 150 top economists in the country we're always honored to have him
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because it did economic matters simple and understandable barry habib welcome in to the stone
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zone always great to be with you roger thanks for having me so uh barry we had some moment of uh
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momentous uh announcement yesterday the united states and china have agreed to slash tariffs for
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90 days uh do you believe this will lead to a longer and more permanent agreement i do and i think the
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incentives on both parts uh the u.s is about to feel the pinch of it you got to remember roger that
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as of friday no ships left chinese ports for the u.s and i think that was a big incentive to making
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sure there was a deal put together from the u.s side because from the consumer standpoint if you
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hear you know you've been hearing about tariffs you haven't really felt it too bad so far um but where
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it really could hurt is that there's an item that you want that you can't have access to and i think that
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that was going to actually manifest itself as we approach the next 30 to 45 days because it takes
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from ships leaving china about 30 days to reach the west coast of the united states 45 days the
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middle of the country about 60 days to reach the east coast so in the next 45 days ish or so
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we may see a void on some of the items that people are accustomed to having readily available
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and that's when people start to get antsy so this could be very very good as a preemptive move now
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i'd like to just discuss the level of tariff whenever you'd like roger because the percentages
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do make a difference you anticipated my next question professor proceed so uh you know that 145
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and we've talked about this that's window dressing once you get above 50 you essentially shut down
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viable trade because it's just too costly so dropping to 30 starts to make it viable again
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and maybe there's room to negotiate so this 90 day period is going to be really good hopefully that it
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can extend beyond that i think it will as i said the incentives are there but roger let's take a look
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and understand how the tariff works because what i've discovered is there's so much confusion out there
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and and let's let's use an example of of a shirt that you buy from china so let's just say there's
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a tariff of 10 now the confusion starts with who pays the tariff some people think china is paying the
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tariff they're not paying the tariff if you have a a shirt that you're importing from china and let's
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just say that shirt is ten dollars and there's a 30 tariff on it that means the importer is going
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to pay a three dollar charge for that tariff now what happens after that's important because then
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nothing else is tariffed there's markups that importer is going to send it to a wholesaler
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they're going to mark it up a couple of bucks that wholesaler is going to send it to a retailer and
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they're going to mark it up a couple of bucks and then the retailer when they sell it to the consumer
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will probably mark it up at least a hundred percent if not more so you could have an item that does have a
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30 percent tariff which sounds onerous but the cost of the item might only change from 45 to 48
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instead of like being 44.99 being 47.99 so while that's certainly something that's meaningful and
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something that makes a difference when we look at a number of 30 we start to think oh my gosh that's
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30 that seems like an awful lot and in some cases like if it's a vehicle that we're imported and
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everything's imported it could be but on much of the items that we get people often forget that the
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other markups to the wholesaler to the retailer to the consumer are not subject to the tariff so the
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tariff is only on the raw imported item at that percentage it gets diminished on a percentage basis
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before it hits the customer obviously secretary of the treasury beset made this announcement about
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of a trade deal with china at a time that the stock markets were closed how did the markets react this
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morning to this news they had a huge rally in the stock market obviously trade is very important
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we know that it also means a lot to the job market because you know the dow today responding by up over
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1100 points uh this is this is a sign that the stock market really loves this news because
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look it means a lot for jobs those people that unload the ships that transport the goods the
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retailers that have to have those goods on their shelves it's very important for the economy to keep
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the economy in good shape well in addition to that there are things that could come out of it
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bilaterally if there is a more fair platform for trade if it does help american workers if it does
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help american exports that in addition to it will also help the u.s economy so you know president
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trump's negotiating tactics are not conventional um and but maybe they shouldn't be because they
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in the past some of the more conventional ones have not been effective but if we do get something
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good out of this this could be this could be a very effective way to have a more level creating
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partnership with china and something else that seems to have come out of it that president trump was
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also discussing was that china will be more cooperative in restricting fentanyl from coming
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into the u.s too which obviously is something really critical so you have been a pretty articulate
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critic of the federal reserve chairman jerome powell i saw recently where he announced that he was
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essentially not going to hike rates he was going to do nothing with inflation down to 2.4 percent from a
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9.1 percent rate in june of 2022 under biden seems to me the president is already stabilizing the economy
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what should the fed be doing at this point if anything they should they should be cutting rates
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clearly jerome powell is like a deer in the headlights who is more concerned with his legacy
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than doing what's right because he has zero in the way of backbone or gumption and i was very critical
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of jerome powell because he was complicit after after after biden went with that 1.9 trillion dollar
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budget buster which was going to be inflationary your own powell was complicit and potentially
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politically motivated by keeping interest rates at zero and to add gasoline to the fire keeping
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quantitative easing going which then caused inflation to explode explode as you perfectly
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articulated to 9.1 percent inflation like we had not seen in 40 years rome powell has a lot of dirt
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on his hands for that but one of the reasons why he had so much dirt on his hands is because he looked
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at data that has a very long lag unfortunately the data in the united states not only has a long
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two-month flag on the pc inflation reports before it's reported so you'll get you'll get may's report
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at the end of this month i'm sorry you're going to get a report within the month of may for the
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end of this month but that's going to be for the beginning of april so it takes two months
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for it to come out you don't get it till almost the beginning of june to see what happened in april
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and that in of itself is a delay but the components within it that we've discussed in the past
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like shelter which is the largest component 44 of core cpi these reports have a lag of 9 to 12 months
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so he's looking at that it's like trying to drive your car down the highway but only looking in the
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rearview mirror he's not looking ahead now i have a lot of issues with jerome powell but i also feel
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that he has been inconsistent so let's just take apart a few things from jerome powell number one
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is policy the by his own words we are in a restrictive policy stance that means that interest
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rates are currently designed to slow the economy by his own admission and john williams the new york
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fed president articulated it very well he said if you take the fed funds rate 4.375 you subtract the
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rate of inflation let's use round numbers it's about two percent the difference between the two and
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then he thinks there's a number there that they call this fancy name called r star you add that
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above the inflation rate which means the difference between the two will tell you where the neutral
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rate should be we are currently one and a quarter percent restrictive that's pretty restrictive
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roger we are pretty sure so we are designing it the the fed is causing the economy to forcefully and
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purposefully slow which i think the labor market's a lot weaker than we think and i think inflation is
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heading in the right direction yes there are uncertainty of tariffs but we are forcing the
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economy to slow down and that's why president trump has been i mean maybe a little overboard in his
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comments but he has a lot of merit in the things he's saying about sean powell and the fed roger
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they're like a bunch of freaking lemmings okay these guys they follow each other they're afraid of
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their own shadow look at the uk the uk just had a vote five four four dissenting votes that's a
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meaningful discussion where people are not afraid people's voices are heard they represent different
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thought problems the fed is like a bunch of leather like a bunch of freaking penguins jumping in the
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water one jumps in the rest of them jump in nobody has their own mind nobody has their own backbone
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and jerome powell is just worried because in february of next year he goes off into the sunset right
00:29:40.440
and what he does he's so fearful that it's going to have oh he let inflation get out of control
00:29:45.880
that he's willing to risk to the health of the u.s economy because of his reputation but there is no
00:29:51.800
evidence that that inflation is getting out of control if anything inflation's come down you you're
00:29:57.880
a hundred percent correct the only uncertainty is is these tariffs which is what they're running for cover
00:30:03.800
under because tariffs potentially it's different than inflation because it is a one-time price
00:30:09.080
adjustment whereas inflation is persistent year over year however inflation is something that
00:30:16.760
that has been improving but there is a period of uncertainty but you are a hundred percent correct
00:30:21.800
it has been coming down although i will tell you that the run rate for the last three and six months
00:30:27.480
is above the year over year rate so there is reason to believe that potentially it could nudge up but
00:30:33.480
not in a meaningful way and not to risk the health of the economy in the labor market there is one other
00:30:38.680
thing that i'd like to talk about is one more inconsistency of jerome powell so we recently had first quarter
00:30:45.160
gdp first quarter gdp came out with a negative number it's the first time in three years we've seen that
00:30:50.760
clearly a red flag but your own pal in this particular instance roger was able to say hey
00:30:57.640
you know what let's use a little critical thinking here so he rationalized it by saying and he was
00:31:03.240
correct that a lot of it was front-running imports the calculation for gdp takes imports minus exports so
00:31:10.280
you you then are reducing gdp artificially by this front-running so therefore you could say okay
00:31:17.080
well he's probably right but yet it's amazing to me that he doesn't use the same strategy when
00:31:22.680
contemplating the lads he just looks at data in other words ddp no but i don't like the number so
00:31:28.680
i'll rationalize and i won't look at just the data but the job report last month 177 jobs i'm pulling bs
00:31:35.160
on that one because first of all there was 60 000 revisions they'll be revised lower so it was a much
00:31:40.920
weaker number and the numbers came from imputed data we've talked about in the past this birth death ratio
00:31:45.960
which accounted for about 80 000 of the jobs this number was really closer to a 50 000 job report
00:31:51.560
it was a lousy job number but yet your own powell looks us in the eye and says economy's in great
00:31:57.400
shape labor market's in great shape he knows all too well that's bs and he's able to be critically
00:32:03.880
use critical thinking on the gdp number when he doesn't like it but the jobs number no he's just
00:32:09.560
going to take any face value that's a double standard i'm calling bs on it uh barry how do you think
00:32:15.320
the president's announcement regarding lower pharmaceutical prices for all americans uh will
00:32:20.760
affect the economy well i think that could be that could be a great thing so long as it does not
00:32:27.560
discourage research and development i think it could be one of the greatest things for us because
00:32:32.920
it is an unfair playing field we pay so much so much more but we are also the bread basket of
00:32:39.960
all these new breakthroughs so so long as there are still incentives in place and there's a way
00:32:46.760
to thread the needle by keeping the incentives in place but reducing the cost it could be one of the
00:32:51.560
greatest things that happens to us we have about doing an amazing job uh we have about two minutes
00:32:56.680
before we have to go to a break and we'll be back with more of barry habib barry how important is it
00:33:01.400
that the president's tax cuts be renewed in january well as you know i've been kind of involved in this on a
00:33:07.960
a couple of of committees that i belong to and i think it is very important if you uh if we if
00:33:14.200
they're not uh the stock market will not like it roger it will not like it one bit um but by the same
00:33:21.560
token we do have to be careful that we don't take the budget so far out that yeah i know that we're
00:33:27.960
going to play the come here and we're going to say look it will increase revenues and and all that is
00:33:31.640
true but if you do blow out the budget further than the bond market is willing to accept it can
00:33:38.040
potentially backfire so they have to again this is a matter of threading the needle and using and using
00:33:44.200
just enough to get the tax cuts extended without loading it up with too much i know he wants the big
00:33:49.880
beautiful bill but he can't get the bond market to the point where you get the bond vigilante saying
00:33:55.320
hey you know what the depth the deficit's going to be too big there's going to be too much supply
00:33:59.400
coming to the market and we see interest rates increase dramatically that will also hurt the
00:34:03.480
stock market so if we've got to be careful uh when we come back on the other side i'm going to ask
00:34:09.480
barry habib the chief executive officer of mbs highway one of the leading experts on the housing
00:34:15.480
and mortgage industry as well as the overall economy about the national debt and the deficit so please
00:34:22.920
don't go away we'll be right back uh in the stone zone with more of barry habib uh and a breakdown on
00:34:29.000
the economic news of the day donald trump keeping a number of his key promises and the impact of those
00:34:35.800
announcements whatever you do don't touch that dial because we'll be right back this is the stone zone with
00:34:43.080
roger stone this is the stone zone now get in the zone it's the stone zone here's roger stone
00:35:08.120
and we're back in the stone zone my guest barry habib the chief executive officer of mbs highway
00:35:16.920
more importantly one of the most brilliant economic analysts in the country specifically an expert on
00:35:22.920
housing and mortgages but also a shrewd economic analyst who has won numerous awards for his accurate
00:35:30.280
real estate forecast joining me here in the zone uh barry how concerned should americans be about the
00:35:37.960
national debt uh that was allowed to grow so exponentially under joe biden and what is the
00:35:43.720
very best way to address it you know roger it's a great question and we're not left with many good
00:35:47.960
choices right now because the time for making good choices is passed the can has been kicked down the
00:35:53.880
road and it's been exacerbated by the biden administration now when we look at the size of the
00:36:02.280
yearly deficit it's about two trillion dollars so we're not going to be able to get this down
00:36:08.840
in one shot but if we can get the trajectory to be reduced that's why the president is so concerned
00:36:15.480
about gross domestic product it's not necessarily the size of the deficit but its relationship to gross
00:36:23.800
domestic product this is the key you can have a two trillion dollar deficit be manageable if the economy
00:36:30.520
is growing at a much faster pace that's why jerome powell has to wake up and has to understand that we should keep
00:36:38.280
this economy accelerating and not contracting and not in a restrictive stance because that exacerbates
00:36:45.160
the level of debt as to the gross domestic product so what we want to try and do is we want to try and see if
00:36:53.000
we can a through doge and other spending cuts try and eliminate waste fraud abuse but also try to
00:37:00.680
make some reasonable cuts it's hard to do because nobody wants to see cuts and when you think about
00:37:06.040
the compensatory spending that you have you have very little discretionary that's left unless you start
00:37:13.400
to touch something like medicare or obamacare because that's where the big money is and that's where you can
00:37:19.080
really make some cuts but they may in turn be unpopular and you know nobody knows better than you
00:37:26.520
how that could you know influence midterms or presidential elections so these are things that
00:37:32.040
you know i'm sure that they need to be very cautious and strategically minded uh with making
00:37:37.640
these cuts but we do need to get this deficit down yeah last time we talked about this you pointed out
00:37:42.840
that there were three legs of the stool that yes the president needs to use the tariff stick to get
00:37:48.280
better trade deals for the country we have to renew the tax cuts in fact if you're opposed to renewing
00:37:54.440
the tax cuts in january well then you de facto supporting the largest tax increase in american
00:38:00.760
history but we have to get serious about spending elon musk has shown us the way with his doge project
00:38:06.760
uncovering not millions not billions but trillions of dollars of waste fraud and corruption all right i want
00:38:14.440
to thank our guest to barry habib the chief executive officer of mbs highway uh and the the voice i
00:38:22.200
respect the most when it comes to the overall economy in america barry thank you so much for joining us
00:38:28.040
today in the stone zone thank thank you roger you're the best thank you uh to those out there in our stone
00:38:35.080
zone audience god bless you and godspeed until we meet again please remember to tune in tomorrow for
00:38:41.080
more of the stone zone we talk news history politics culture food well particularly food and uh
00:39:02.920
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00:39:09.160
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