Rob and Vinny discuss Patrick Bateman, California, and the future of the Democratic Party in the midterms, and why they should all vote to flip to the other party in order to flip the balance of power in Congress.
00:12:36.120Spanberger defeated Winsome, Winsome Sears, 57 to 43, almost the same, like within a half a point.
00:12:46.720And during the election, it was 46 Kamala Harris and 52 Trump, almost the same.
00:12:53.200So it's five points different, four and a half points actually, for Trump right now, which shows,
00:13:00.240and by the way, only Glenn Youngkin, who became governor and then term limited out.
00:13:09.080He's termed out right now, term limits.
00:13:10.600And he came there because Terry McAuliffe tried to come back and be governor again and opened his mouth and said, parents shouldn't control their kids.
00:13:17.380We will control them from the schools.
00:13:18.880And he said that two weeks before the election.
00:13:20.660And then everybody goes, wait a minute, that's that's your plan.
00:13:24.360And they voted and Glenn Youngkin beat him by a whisker.
00:13:29.640And it took parents flipping out and a horrible gaffe by Terry McAuliffe to do it, because now you have to go all the way back to 2002 Mark Warner.
00:13:40.280Only a guy named Bob McDonald for six years was a Republican governor.
00:13:44.220So these have always been, with a couple small exceptions, Democrat governor seats going back 30 years.
00:13:53.600So and the margin wasn't that far off from the presidential election.
00:13:59.700So what it tells me is this is still tight, but the Republicans did not put up a good candidate in Virginia.
00:14:31.700So we need the president's jobs to happen.
00:14:35.900We need that one point five trillion dollars that's being spent by companies to build factories and give opportunity here in America to happen so the jobs can come out of that.
00:15:44.140So they do an they do a survey on inflation.
00:15:46.480And the most recent University of Michigan survey on inflation showed that they see the future expectation at 4.6 percent, which is really, really high compared to even if you look at the 2.9, which is overstated.
00:15:59.620Now, we know this country may be 50 50 Democrat Republican.
00:17:30.180You know, if you go back to 1913 when the Fed was created is because I guess we kept getting the government kept getting tired of going to people like JP Morgan to save us and bail us out.
00:17:40.860So it was the one causing the problem in the first place.
00:17:44.460But I believe that that was the purpose of why we have that.
00:17:48.980And at times the Fed has really done a good thing for keeping stability for us.
00:17:54.560Certainly during COVID, that was probably a good thing to have the Fed.
00:17:58.000But they have done a lot of damage post-COVID, keeping rates too low, being complicit in causing inflation to rise further than it should have, keeping rates too high now.
00:18:08.260I think you could track every bubble and crash to them, though, because like look at 2008.
00:18:11.460They cut to try to rebuild from 2001 and they led to that.
00:18:14.800So they tried and then they baby decommed me from post-08 to 2020.
00:18:18.200Analogous to driving down the freeway but looking in the rearview mirror.
00:18:21.140It's dangerous because they just look at old data.
00:18:23.680They do not do a good job of looking through the windshield and seeing what's coming.
00:18:49.120You know, every year when we do the business planning workshop, I openly talk about what threats and events we're concerned about happen in the next year.
00:19:08.380We share with you how we're growing our YouTube channel and our media company, what our consulting firm is going.
00:19:13.420We're sharing our strategies with you.
00:19:15.140If you're somebody watching and saying, I'm sick and tired of playing small.
00:19:18.160I want to take my life and my business to the next level.
00:19:20.980The business planning workshop on December 12th is for you.
00:19:23.260But number two, if you're somebody that's running a business and you are already a millionaire, we have a lot of people that watch this content.
00:19:28.720You're doing 10 million a year, 100 million a year.