« The Dan Bongino Show

Ep. 625 Liberals are Panicking Over This

2018-01-03 | 🔗

This piece clearly lays out the real reasons for government deficits

This piece debunks silly liberal talking points about the tax cuts.

Liberals are panicking over the growth of conservative media, and their “solutions” are disturbing.

CNN can’t seem to get past their fascination with the “white truck.”

Manufacturing is coming back.

Is school choice 2.0 coming?


Learn more about your ad choices. Visit podcastchoices.com/adchoices

This is an unofficial transcript meant for reference. Accuracy is not guaranteed.
Get ready to hear the truth about Amerika upon a showed its not immune to the banks with your host Dan, bon jour, thereby GEO shall priests Joe. How are you today CALL Dan is eight degrees. Dude, I'm Tellin you man. This is if this isn't an incentive for all of you up north to move to Florida. I dont know what is please. Gautier, it's you know it's funny Joe. It is It was yesterday. It was. It was already say. Colleagues, I too want to humiliate myself to all of our northeast listeners who are genuinely suffering with real call, but it was about fifty I've down here. Yesterday, people were freak out. There were like wool hats. There were mittens their worry harcars. I saw a dog sleds industry, I mean it was real. The appeal, a boy, Dude fifty five degrees I was outside, and cargo shorts and my Malloy Standards teacher I, with Archbishop eloi high school for all Eu Standards out there. You know it's mass mascot was a stand or you know what that means. Now the school was
He called Saint ends but the same honours Sunday is called the standards. After that's Malloy standards out, there are as the Northeast guy out like this is ridiculous. It's fifty five degrees are that called out. I had the market this around. Oh, my god take our man, people of north really suffering, but if that is not an incentive for you to move to Florida, I dont know what is get down to your folks. Unroll wait for you. Listen. I got a lot to talk about today. I got nine stories that are really really good and it was tough for me to prioritize which ones where the best So let me do my best. The first one. You know it, fascinating. I sent out a tweet is a short one, but it's a good when I set out a tweet last night, and I meant it sitting around here. Are you ever have one of those Eureka moments where he'll I got now it makes sense. Yeah yeah you know I love you. The ideas set myself up under you said so I knew you knew extra sensory perception. I was. I was looking for a couples retreat yoga guy, I'm sitting
I'm emptying the dishwasher at alike. Traps twitter account, notice. I've set on the show a couple times that, when you're doing something that your opponents, don't like you're, probably doing the right thing yet. Did you notice the core new copier of people, the collection of people who want trump to stop tweeting on bringing this up they're, not just this. Isn't some brain, though topic on bringing it up because nobody, ministration kids, They are roads, Tommy, V, Tor and all these other. A former Obama. Admittedly, they want Trump John bread in the other families, not so much a kid, but they all want to to stop tweeting about, I ran its edge thinkers. Who else wants trump to stop? Treating DC swap rats recollect in liberal big government,
cried so who have been fighting. They do, but eighty trump and been fighting trip from the start run in collusion conspiracy theories, lip media hacks so puts the common theme there too, with theme years. These are all our political opponents and they want trump. This stuff tweeting, because this messaging on Twitter has been so effective breaking through the media wall of silence and conservative principles and ideology, that's why they want to stop them. Do it Do it terminals are true. Yoga guy has the answer years. You don't then do it just tweed guide Not every tweet is the diplomatic worded. I understand I get it. The guy's a Children from Queens he's, not a lifelong. Politician. Not Everything is in shakespearian prose, I get it, but I've If I had this idea in my homework
Twitter is really starting to scare people they wanted. Stop treating on. I ran the Obama administration, former o o Obama, administration, Acolytes Brennan John Kerry, Amanda Power, Susan Rise, Tommy V, tore Ben roads. All of these people want to stop treating these former Obama administration officials because they know that tweeting Joe, is giving actual. The old, tangible support pickets they can look at it. They can feel it taken almost touch it right. This support to uranium protesters on the ground and may lead to an overthrow with this despotic regime, which would be the worst thing in the world for former Obama administration officials who too others, Joe, the entire time that once got this. I ran deal remember this that it was going to moderate. It was moderate. I ran that row haughty and come any that
we're gonna moderated they were better, would have become less. Then we'd never been less terrorist thick after this. After this I ran down, the incentive was good. It was gonna, be to normalize. I ran a bit hard to normalize a country when the people in that country are protesting to overthrow that same regime and a protest thing for fruit for justice and freedom. It's hard to say well, By the way watching me, revolutionary guards beat people and kill people all look their normal. You can't do that. That's why they want Europe to stop tweeting because he's highlighting the Obama administration failures. This is critical. So I'm just ask you, don't fall into that trap, there's some down I'll. Do it no question? There's some tweets and even trotwood rather take back, but on the morrow. Folks, which is all that matters in life, meaning nothing black or white, is the sole whole bunch, a grey meaning nothing's essentially mean oh good. Sometimes your
measuring things on what's less bad, what's left bad right now, what's less bad is it is for Trump to keep tweeting. What's more it is for trumped to stop treating. I know it's terrible Englishman, at the point of credit. Marge and he needs to keep tweeting. Do it get it done right? They show party by bodies it wax our act so glad to have this. This company on board, we started reading for them, yes, Asia, great gray, company. I had a meeting with him on the phone and they are absolutely committed to this now. Listen. I wanted to do this red, because when we were in the secret service I and all kinds of problems. I know it sounds crazy, but with his ear wax You can't go german. Those caught swabs interior sets out what, therefore, that's actually very dangerous, caused a bunch of issues. Once you guys to add problems with as well. When years are a clean and get really uncomfortable, the itch its painful they can get plugged up can make it hard to hear no good Angie. Many people use
swabs, cancelling or drugstore remedies to clean the arrears, but they don't really do the job that can be dangerous. Do not put the gun swabs in your ear, even says it on the back of the boxes. Now, a real solution for stubborn ear, wax the racks. The wax already at the wax are ex. Your wash system is doctor developed and work safely when other products fail, wax are ex system is the method. Physicians, trust the most and issues like the system they use in their offices. Nice you're not gonna, take it. Doctors who have time for that to clean the Ex Ante room, wax rex comes with everything you need to safely clean out here. Waxing condition your ears conveniently at home for less than the cost of a doctor's visit as a great system. By the way the doktor developed wax brake system uses special whack softening drops to break down ear wax inside the ear. Has especially engineer pump fitted with a unique Tipp, the gently deliver the perfect amount of cleansing pressure to flush wax away. Finally, the PH can
for me that rinsing ensues your making for the ultimate most complete. Your wax removal system available folks, please a police, Porter sponsors they make. This show free. This is a great company, I've we screen and we that our sponsors, before we put him on the air, please visit, go wax are acts that come go like GEO. Go wax, are ex dot, Tk What are your reusable you wash system today? Here's a promo code voice for free shipping, my first name dance. The end that is go wax are ex dad come. What are your reusable? You wash system today check it out folks as a great company happy to have my boy. Thank you. Wax aurex go wax are Ex Dhaka. We appreciate them God, that's all right. I got a story from a listener. You are always welcomed by the way to send me stories. Links you think, are interesting. If I agree will put him on the air. Loser Senator story from american thinker authored by again in
there's a really really good piece. I strongly encourage you to read or be it. The show notes today at Bonn, GINO dot com do you want to get on my email list. Please subscribe it's available at bongino. Dot com me see the link it to subscribe to email. If it helps me get these articles to you if you choose a degree, is about something I have discussed often, and he puts it in simple, very elegant terms and Joe. It's the effect of these tax cuts plans and historical tax cuts plans on government revenue and without due indian, repeating a show I've done multiple times. He makes to really simple points in a peace one who's gonna drive Joe, not because every time I mention it, I Joe is the audience ombudsman for those. You think he asked me to death on everything you're absolutely wrong, because there are a couple topics. I bring up where he's hit me up after the show, but light dude, I dont get. It unites, not make it sent member houses law. Joe Can I bring it out because he's like you, you just never seem to explaining that rapid pace to me a couple of times.
Notes I've, because I got an email with Joe agrees. Every no trust me he does. It disagrees because it makes sense second idea, but this one does too I'm gonna make it but because this guy does in the peace and albeit shown or to set American think grieving, this is the only thing Joe, these Oracle evidence, shows that effects proceeds to the government. How much money the government makes from its citizens earns offices because there's an earned from selling anything it takes it from its it's. The only thing Joe is GDP. Now yeah yeah, I get that I mean you could you could may if you want to take it to read that the allowed absurdum and reduce the argument, absurd egotism and wants to governmental, zero tax rate of tax rates do matter. The guy It is never had a zero tax rate ever ok, it has had taxes duties imposed in excises, impose even in the constitution it has never had a zero tax rate on the revenue circulating within the country.
Its tax that is changed. The income tax is at least by his in a historical time might is a relatively new phenomenon right, but the government, has never had a zero tax rate, Within reason to point the authors trying to make show is that the only that is going to affect the amount of money, the government has its GDP, in other words, growth, whether you have, fifteen percent tax rate overtime and we're talking about effective traits. In other words, you may say. Well, then, there are marginal tax rates or seven categories of tax, we're talking about an effective tax rate, in other words, what the country may, there's a whole Joe and what the government takes from we're. Talking about the Bay it's possible skills. That makes sense. Yes a listener. Could respond and say what what do you mean dad, you know a fifteen percent tax, Great there's that there's the thirty five percent bracket to twenty five percent Brac eight to ten percent bracket, the authorised We stated that the person
Did you have money? The government takes versus the said the judge of money. The United States collectively earns that is the effective collective national tax rate right with everything corps. Protects income taxes, import taxes, everything Joe the effective ray barely moves over time you get when you say that that and that's Hauser stats. Basically warehouses law says that the government is going to collect about seventeen to twenty percent of what the nation hurt, but here's the caviar. No matter. What the tax rate is. That's, what confuses people you're like wait now now now, I'm because you just said the government's gonna take about eighteen, too. Twenty percent of the earns. If they, Tax rate is what seventy percent, if its twenty eight percent, if its thirty percent. The answer is yes, yes and yes, now
we'll get lost, doesn't like well. That does it make any sense now. It makes perfect sense, when the tax rate is high. Seventy percent. What people, though pay, accountants and I'll pay tax rates, so that tax rate is high at seventy percent. The effective tax rate is about the twenty percent, because the people in the seventy percent tax rate, don't pay the Governor they pay accounts and I get out of it. They move there the overseas? They buy municipal bonds, they do whatever they can to avoid paying seventy percent which, if any and by the way people not subjected that seventy percent rate we'll pay taxes normally but what averages out too about eighteen seventeen to twenty percent of GDP, the tax rates, twenty eight percent- it's not worth it our people to pay millions of dollars to fancy accounts to avoid paying a million and taxes Joe thing just pay the taxes. So the point here
makes any by the way. Folksy case you two of you think any of this is in dispute this guy. Grip nor in the peace and the American think it's a great big short. It's very readable sought even remotely wonky he puts, Federal Reserve, charts Federal Reserve, That's our central bank it's, not a partisan outlets. Upright part conservative review the daily caller Mother Jones on either side of the political spectrum are saying that their facts wrong. I'm just saying: there's no, supporting the data on a partisan basis show he puts federal reserve charge? You can look at yourself, you'll see a relic. If we flat line overtime, regardless of what the tax rates are. Looking yourself, do, you think, making this up now? What should they tell you, Joe? If the only thing affecting the attack the proceeds to the government. How much money the government makes to finance itself is based we growth and you are looking to
increase government tax receipts which, where not but liberals, are then you would think Joe based on data. What did you would want increase growth right. You think you what you would because you- and I are common sense, both that of Euro Liberal, who believes that Remit should get a bigger chalk up money to do bigger things. I don't believe this. I believe the government should get the smallest chunk of money, but even if your liberal, you should those charts and say well, ok, so meant receipts and the amount of tax money we get to play with to do our good things because we're liberals is over. He depended on growth, as growth girl goes up as growth goes up, government receives grow as growth goes I got this grows up in my head. For some reason, talk about growth, take when people say Don,
GINO they say they say down- is that in the end, because of the bond in the GINO, I say it all. You have people who know me, as growth goes up. Acts, receipts go up any common sense but we're looking at this Federal Reserve charge should say what we want growth to go up then, but they don't. What They want to go up Joe, the tax rate in the tax. They don't know that yes, but the tat yes you're right. They want taxes to go up, but they fall You on the wrong thing: they focus on the tax rate, where The data is clear as day the tax rate, within a band matter. Twenty eight percent. Fifty percent seventy percent. It doesn't After all, it does is impact now. This is where power she comes in the cap great will not affect receipts, but it will affect growth. So now. This is where it gets a little confusing, and this is
liberals like to throw you the curveball the government will take fifteen. Or seventeen to twenty percent of what our group of what our GDP as what we produce weather produce a little or a lot. I just told you that producing a lot and its devising us to grow and produce. A lot is a good thing. Even for liberals, because- Tax receipts depend on growth here, another charge in there. That's even more fascinating that shows, when you look at growth rates and you look at debt problems and you charted you find out that huh, a government spending Joe, is related pretty well whip which is correlated with low government tax receipts so now lips. Don't let any of that get in the way of yours we don't be. Arguments continue to advocate for higher tax rates, knowing it Lee
low growth, knowing that low growth leads, to low government tax receipts. Consider that you're here just a few I mean, you're, destroying american lives, american finances, the american economy, and, ironically, your destroying, is well your own chances at growing your big government nanny state, but it's I have said repeatedly because people Why didn't you just laid out the social by white liberals are intentionally destroying the system. Folks, it's not a bad tax receipts to them. It's not about the money. It bout who controls the money when you want stand that this all make sense. It is not about that. It is a bit in other words, show it's not about the pot of money it's about
who has the money in the pot. Liberals would rather take the last dollar left in a dead economy and control who because they are obsessed with the power of the state, then have twenty five trillion dollars from a pot of a two hundred trillion dollar economy. You may see then that's ridiculous folks, it is not read the history of liberalism. They are obsessed with the allocation of resources, are obsessed with controlling and dictating who gets what resources when they are herbs, asked with planning? They are obsessed, controlling the flow of cash. They are are obsessed with the amount. If they were, they wouldn't set device growth and lower tax rates, and they will never do that. You know one of them important things you can grass from the show, is a concept that, to the liberal,
money is a vehicle. It is not an and it is a vehicle to power. We all we liberals are obsessed with our body. They want to take up my no. They want to take away control of your life. If you re, Thomas Salzburg visually the anointed. It makes a great case for this. Throughout the entire book view, the annoyed university, the anointed one's own words that liberals in government Hoover no did themselves at you know these these geniuses in these super intellects over your life. They are best with the idea of controlling the minutiae of your life and to do that they have to control your finances. Even if there's nothing left. Why would my brother and when I say liberals want over the far left minority of a minority of Democrats, but why would liberals still comments that leaking consistently advocate for socialism, knowing that it leads to mass starvation and mass death now pol pot. Maduro in Venezuela. Why would you do that? Because Europe's
with control if it involves death, destruction, economic destruction, none of that matters its irrelevant, I'm just saying folks. If once you grasp that everything else makes sense, but by one I think I, like those you follow me on Twitter, had a little incident twentieths. They want to have a quick shout out my backing to go into the issue because it so frankly irrelevant a bore you with it and for me to take part shouts it. Do you know people my show is a waste of your time in mine. I did it once another case. One was important talk about, but the other one in the audience did like it. I totally understand it's been up. Emma could wish your tongue, but I just want to give a quick shout out on a positive note to my man. Thompson at the blaze and Chris crews is producer. Folks, if you ve ever listen a dark and avoid showed by his great dude, and I just want. You know there are some good people left in this movie bottom, someone took a shot of me on Twitter was unnecessary. It was wrong. I
back like. I always do, of course, that's why I'm I going to get into it this it really stupid irrelevant, but Do you have a lot of friends in the movement then their idea that movements not as unified, as you think and Joe? I know now. This everywhere really thinks like what you know, because we're all conservatives like everybody's friends and the truth is Phocis Waffle on our side too, there are Joe and I've been victims of it. You it's a lot of jealousy and envy in this business said, That's why Joe and I like to do our own thing, because we too wanna get tied into that. But I just want you to know. There are good people out there and dark Thomson from the blaze and Chris is produced I'm really good folks, and I appreciate what they did yesterday. So thank you but you by it filter by to filter by folks better time to change. Filter? The now we just had a change of season into the winter you're gonna have spring come up soon to you're gonna wanna get all that allergy, aggravating pollution mould, mildew all that crap out of the year the holiday
might be over, but the winners just begun and according to studies is this bothers, makes them indoors overtime, Arundel, contains up to a hundred times more pollution in the air outside folks you can get take from this allergies and here's another part. I didn't even consider, which is right now that I think back to cause my air conditioner broke clogged up, Phil There's can cause a lot of unnecessary, wear and tear in your tire h back system leading to costly repairs. For me, I had to replace it and prematurely it costs me think, was twelve thousand dollars by Tom. I was done, which was ridiculous, resolve to breathe better with filter by America's leading provider of aid, back filters for homes and small business. You got a small business. You got two hundred filters, these, your guys, you gotta how'd. You get to filters these, your guys they carry. For six hundred different filter sizes, including custom options, all ship free within twenty four hours, plaster manufactured right here in Amerika Filter. By offers of me, the two Merv options, all the way up, the hospital great I may have to look at a filter by someone else, hospital robots, so you'll be removed,
dangerous pollen, mole dust and other algae aggravating garbage out of the air. All this pollution gets out of the air will maximizing the efficiency of your system. Right now you could say five percent. When you set up auto delivery, so you'll never need Think about air filters again, save money, save time breathe better with filter by dark. Come that's filter by dot com, go check them out filter by dotcom, switch out those dirty air filters. Today, thanks for sport and sponsors, forcing every appreciate. Ok, I'm just gonna, doubling down a little bit on this piece. More. Rubio, who I don't have any personal issue, but with it seems like a nice enough guy. I just I care I dont understand. Where he's going lately with economics and this tax law and its making me very hesitant, you notice support a minute, and not any. Cares. I mean I'm just saying if he was to take on the presidency again or anything like that. He made a car
then show which was very bizarre. He was talking to the news press, a news when I'm pretty familiar with their actually pretty decent. When I ran for Congress over there and he made a bizarre statement about the tax law is a stumbling down from the last article. We talked about in your up I'll make the connection and a second it makes sense. Any sense something puzzling did that the gist of it was. You know, I think we too, generous to corporations, which is bizarre. Benyamin. You too, generous yeah Are you giving them money? Not we let them keep. Their mobile has a generous allowing air boats allowing corporations to keep their own money. What are you giving them? we are coming out of his own pocket to give corporations money. Do we miss something? Is yet more? a trillion era or no. I didn't, I d never saw that. I haven't check this I'm angels, but a pretty shows that Europe at any time,
why were you know, will be generous. These corporations was overly generous and a task as some of the major scorned by back their stocks, instead of like investing in the United States- and I thought my gosh again republic- republican. Violence is not really my thing. I don't like it if they get into it, sometimes because its its critical. This is the case. Rather stayed away from, but folks issues dopey report book a Republican saying how corporations way by back their own stock, now peace in the Wall Street Journal today, but, more importantly, peace in the Wall Street Journal links to a better peace and not to knock the journal. Peace is good, but it links to it perfect peace by a guy have cited on the show many times, John Cochrane, who is a terrific economy? who writes the most readable, elegant economic pieces on his blog I've ever seen. You be doing yourself a favour by reading it
You could do yourself a favor, though, by going to budget to combat subscribing to my email is because I will email you as articles whenever I pick out a real sweet one, and this one was great inner peace. He can t only the bugs this myth that both Savannah three for, for what is it and be sea or a beatin. Even now, she's at me, your personal on one of the network's she attacked, Paul Ryan. About this we ve got it, Venice MSNBC, false talk about this and so We had Marco Rubio bring up this idea of the by back fallacy Joe, in other words, the idea that the corporate tax cuts these cup buy back their own stock increase their stock price and their shareholders get wealthy and everybody else is gonna. Get screwed now Cochrane does a great job dismantling this real. There's. This nonsense is garbage. It's a steaming, hot pile of garbage job, as
Tom, its soul, is always that you know. I said often. You know you have to think passed the first, the winter effects that a second order effects, so, let's say accompany right. You know it chose computer company whatever it may be. You get a corporate tax cuts Joe. You know you you have. You now have some extra money you have before you get a fifteen percent tax, gotta thickets core protectorate, twenty one percent. It was thirty five before little more when you factor in the because you get about a fifteen percent percentage point tax cuts, You have a little bit of extra money right, so you Are you all right is right. You were publicly traded company. Let's a u buy back. Some of your own start were Rubio saying, might happen in Savannah Guthrie in these others. If you buy back your own stock, the snark prices gonna go up because it increasing demand for when you increased demand for anything the piano. If you view have you know a hundred people bidding on a product and in a thousand people bidding on a product on Ebay. The price goes up right. You have the punish their number one on Ebay and one person wants it. You're not gonna get much of a bit ten thousand people want it that prices
pretty hot. So when you start buying back your own stock in you increase the demand. The stock prices gonna go up because you have more people, even though its our own car company, Joe bidding on it, makes sense so the real fear, room which is I mean silly, is that by them better up the stock price by buying back their people. Own there's that company are now going to make out, because the Valley with the stock they hold, is gonna go up to so think of it. We have an Ebay analogy, Joe, you add one. Hundred throbbing, one guy says I give to fifty other guy I'll give to fifty one August. You didn't hear him say pretty simple right now. The polish, your number one must go in for two and fifty dollars now a thousand or bidding on it. Then the price goes up to five hundred because rural bidding, one guy says I give to fifty other guy I'll give to fifty one August, you didn't you get from Saint, pretty simple right. How does benefit. People already own punisher number, one pretty simple,
because now they know on the market, that their product isn't worth two fifty anymore, it's worth five hundred how? Because they can go to Ebay and look at it the same thing, works on the stock exchange. If computer company buys back its own stock and bids up the stock price from fifty to seventy five dollars, all the current holders of Jos, computer company now can go to a stock exchange. Go wow on twenty four dollars. Richer would show stock right right. They make sense, yeah so Ruby, Rubio theorem seems to be that that additional money that, although stockholders, have been Jos Computer company better, just vanished into thin air and goes away. Now. That's nonsense Awkward walks do in his peace. Very simply: what happens to the money well spent Stockholders increase their value in stock from say Those computer companies fifty dollars now at seventy five dollars, Joe alive
if we're going to say I you know what side made some decent money on this. I bought the stock at forty. It went up to fifty I would seventy five Armada cash out and take thirty five dollars in capital gains Joe. What he says you you're, a stockholder in your own computer, can be when you that out right. Do you take that money? Go throw it Noora, though, in a fight. Into fire. Put your backyard out now, Allow is right. You down very good. Yours disguise. That's why I love that cut now. Are you of course, you're out what happened to the money Joe tax. It goes ay. I got a really interesting stock tip from a body snapchat, I'm gonna take that thirty five dollars, and I heard Snapchat is too. I don't know. What's that I've own some snapchat, your recent. I say that pop in Burma Discover this advice about battle care and that it does not a financial. If I show just the first thing pop in my head, but that's a snapshot revolutionary technology that you
about publicly you're, not insider trading or whenever an you think now that could be a good, I'm gonna buy Snapchat. I think snapshots twenty swore dollars or something to share it, and then I want to take ten dollars Nobody who invested in whatever company acts? That's a new company start up, but it may have some growth potential. It is second order effect that requires deeper analysis that Rubio Savannah Guthrie you're missing now snow. Chateau if it were say it It was an initial offering a mean, takes technically media by Snapchat. You really buying stock from someone else but say what an additional offering for snapshot. Now. Snapchat get your twenty five dollars company tax. Your ten dollars of additional revenue. You ve made off these stock by back, and what do they do? They invested property. What happens? Snapchat goes up to thirty five dollars. Instead of twenty five and all those people holding snapshot make ten dollars and what do they do it? They invite
then company tax, because they heard company acts, has an artificial intelligence technology. That's terrific and income yeah. I suppose that up and company invest in, and you know, their stock goes up and all the people invested in company tax take their money and go invest in company and company as a blockchain technology and a nap LOS up. This skyscraper mecca in the world. How do you think that happened think we got from writing horses around and undeveloped Manhattan to taking overrides around the greatest skyscraper mecca in the world, how do you think that happened. I mean I have a serious question. I'm joking around. You think angels came down from Heaven and you don't If some magic, wand and and and more automotive technology appeared and skyscrapers built themselves in companies populated them of random phantom,
they pulled out of nowhere. How economic growth works, what companies by back their stock? The money goes into shareholder pockets. Yes, all, oh my. A shareholder, but what did they do with it or will that's where the liberal thinking stops? They take them he had invested elsewhere, it'll take is put in a bank. Ok, then debate takes them and invested elsewhere. Folks do Banks happen overnight lending rate bag stone, the whole body for twenty four hours, you think they're holding your money for a lifetime. Borrow short lived, long sought bags arbitrage things. They lend money. Like! Does the best thing Do your bill. What is money in the bank? The bank gets rid of it like that, lends it to someone else. Someone Opposite Skype, Rosetta a bank loan for ten thousand increase, my business. Why don't you go
I spent a year ago push. Why do you think there, given given the oars Betty roses business. He pays backed attend bag procedures, who then give it back to the rich with interests who that goes and buys a stock that finds us. But another shareholders pocket who invested in another company this a personal against Rubio, but I don't understand why he said that, because, as the author the Wall Street Journal Poppies points out accurately. So now, liberals, Joe, are taking this talking point a running with it that look even Marco Rubio, saying that this is just going to result in a shareholder increase too. They are because of course, because it's going to happen dear holders are value, but then what that's the question? What what did they do with that. Liberal stop thinking now they burn it. That's what happens you just don't under
stand economics or even worse- and I get a much- to make this personal against anyone you're lying. Do I need please give me a third option: you either don't understand Basic Egon mixed cash flows and how an economy works, because what I just Point he was a fact: it's not open for interpretation. You either dont. Understand that or you do when you you for Tom Bizarre Rees, you're lying to people, I don't get it. I just don't understand it again and I have no interest in Republican on republican violence. I think he's a great speaker, super nice guy, but that is just bizarre. Why Rubia would say so? like that. It makes no sense at all pleased now. I know I say this, every day, but I do a lot of work. The summit s ready sympathy show is for you, like I get paid very well thanks to you all and sponsors, take very good care, the shell to keep it free
But I am asking you to please check out the article today from green. His blog be shown Cochrane. That explains, is it is very readable and explains exactly what I just said in a little more advanced terms, but by no means in any way, wonky you'll read it and come to the exam. Same conclusion, I did afterwards, which we set the show multiple times you explain, they try to take credit for Cochrane's for smart or economics and me most people is it s genius, but he, except is it in really elegant terms how it takes it really low level, in almost grades cool level of thinking? To think that, even if but he's dead, engage in massive shareholder stock. By backs that share all increasing their their wealth is somehow gonna hurt. The economy is juvenile and just plain silly or today show about you by bodies that I target pro by the way for those you listening. You know, I'm always open and honest about our sponsorship of the show, so
maybe say why three adds I folks we're gonna stand out to show a little bit. You are my my peeps my audience, some of your friends up I've email. So if you email me so often, I feel like I know you, but personally I mean that I am not saying that to be funny. So? I always explain to you the mechanics of the show. I know it Bobby drive some the owners of the show crazy, but my show and I feel like you're, always owed knob an explanation, I'm going to church extend out the show a little more. I've been cautious about this because I feel it We had a real sweet spot joy. Think you'd agree with about forty five to fifty minutes, a content to show you ve been exploding. I mean seriously exploring peggotty numbers He had last night, Joe was like way What did you say that right? Yes, I did. Yes, the numbers have been exploring. But I think it our show or fifty minutes to an hour is probably about right. Folks as we grow and again this is stuff.
People don't explain and terrestrial radio show it probably agree. They never talk about the business side. The show he's getting a little expensive he's an if you ever entered the podcasting is, as our downloads have started, to grow substantially. It gets very expensive to host the show on a third party platform which you have to do. To verify your audience. If you're, serious and podcasting now Who cares about all? Well, I got you know a couple thousand downloads on sound caught the advertisers that want to hear. That sounds great. I love it. We're on sound club, oh by the way, we're on Spotify now. Yet I heart I tunes so Joe go check it out on Spotify. So my daughter lessons to the show, so we just got up on that recently, but things he'd verification. So you have to pay a third party to verify that your downloads are authentic. Serena making up your numbers do stuff gets expensive that The reason we're going to like that have to show provide some more content and we're going to add a third spot in to the show not an every single show, at least for now, but it's a weed
can I be sure, we're getting through we're. Gonna start throwing three spots in here, because it's getting expensive to produce, and am I want to keep this audio portion free for you. So I'm sorry for that long when the explanation, but I feel like I always you, you are my audience, and I love you too- that today but you buy a sponsor you all. Now I target yeah target pro system the letter I, by the way now Yonah Firearm, you a hunter, fire on motor for self defense, cop, special ops guy, you miss Terry person you looking to join in the play The carbon need to increase your marksmanship folks. Anybody can fire a fire, from any one is sought. Heart pull trigger bullet comes out very dangerous, but my point, the safe directorate anybody can do that. The old we question is: can you fire it accurately? That's what matters! additives. Shooters people do this for living dry fire their weapons fire, meaning pawing the trigger with with no round in the chamber just goes collect. Napo right,
ten times more, they their life. You know that. Why do they do that? They do that to practice their grip up against the backdrop of the weapon right. I'm Burma, this off from the secret service practice their trigger control. Wow easy, methodical too, that don't jerk that trigger lineup Your front site equal light on both sides level across the top, with the backside or this stuff can be done in the safe. Security of your own home, and it could be done better with the target persist and what is it? laser bullet that drops into your way. The weapon you have now you'll have to make any manipulation is rife, thereby especial gone. You have to change it, but you have to do anything. You have a clock. Forty, Bree, like I do a nine millimeter they'll send you I mean laser bullets. Gonna rubber backstop thing on its second hurt damage, any weapon at all when you pull the trigger, Obviously, it's on loading only has the eye target the laser politics. It's gonna work,
in a laser onto a target. They give you and it works in conjunction with the coolest phone up, you ve ever seen and you are going he it's gonna show exactly where you had on that target. Give it a week, your groups will be you'll, be going. Far from shooting basketball size groups to shoot the wings offer fruit fly. This is an amazing product. The feedback is amazing and all Have you have gift cards and stuff looking to spend it on again give posts holiday, my daughter's birthday coming up go to a target pro dot com. That's the letter. I not the organ. I target pro dotcom use promo oh Dan D and I'll give you ten percent off, but she by this product you'll be addicted view. It would be like the greatest video game you ever played and benefit from it is your marksmanship is gonna go to the roof. I target Proto come Promo Code Dan for an astonishing. Ten percent of these guys are greater costs, services killer by the way I got an email from one guy who I think he put the bullet in wrong and he's I think I screwed this up. I sent it
the item get bored, they were fixed it that there is no problem at all of his little, but a use Airbus at its very, very, very easy to use Kemp s it up okey doke lotta crap, you get a lot of crap has always year. I use a good one. This is an older peace, I'm the bay medicated there sits in. I do this on the air, sometimes because, given the flow of the show, sometimes my I order it out, but suppose I have to change things or am I I was in the gym yesterday, Workin out- and I saw this guy Mike- it's ours will follow on Twitter, who writes really could stop any set out a piece, and it appears from the peace because he references the Obama presidencies if it still going on, but I can't find a date on the peace. It appears that it's an old peace, it doesn't matter tat the Federalist. It's really really really good peace and put it in a show notes today and of as of course, I'll summoned up for you. What I think the big take a ways are from the take away this
He references this report from a bunch of left, leaning, authors, better suggesting a joke. I fix for the new media environment now No, I like to something's up and make it easy for my own digest. What's that by GINO. Take away here. Liberals freak out that they ve lost control over the new stats. The take off and gives Alice the good job, it's not like us and overly wonky peace where he like. What's the point, he it's a great piece, but liberals are freaking out over democratization of news, in other words, riper conservative review the Daily Collar Fox NEWS, one american news news backs: all of these outlets then are now putting out leaning commentary and Fox, which does have straight news. They Abrek bears stuff like that. Browser losing their might delusion them because they're losing Joe narrative denote all about dinner. Liberals.
Always on the narrative. When they had the big three ABC Nbc and see Bs Walter Cronkite, Peter Jennings. You know Tom broke ILO, but later on, when they own that there was no cable news, there was no bright barred, conservator view Fox. None of that work for they sat on. The nightly news was what the nation was forced to digest yet now how they digest that it was up to the nation, Reagan, one without Russia, Lamborn Fox NEWS, so PETE obviously were were, were not digesting some of this stuff. The way the liberal media wanted them to because they voted for Reagan despite their relentless attacks on Reagan. Ask is this his intellect and everything else, but starting to freak out now. Because you're starting to realise that this could get a lot worse Joe. In other words, as our core options pick up and tradition, Tv programming goes away. People cutting the coup,
People who Joe don't care about NBC, ABC or CBS, that is It's you Joe you and I are in this business. We know especially work with see our tv, which is entirely out of court. We're seeing it now cord cutting is picking up. Viewer, ship of traditional media networks. Are networks are going down and people I didn't go to Netflix Hulu slain, all kinds of different options to get things our car? That's what this podcast is. It. Having grown up in the terrestrial radio business. It is, I mean it's not a strategic shape their doing. Ok, but I think, Are you having seen it over what the twenty years now? Yes, it's pickin away. Both podcast are starting to pick away as the car dashboard becomes divorce. From traditional radio, Fm M bands and becomes a plugin
podcast. People are gonna, get no car and play the damp on GINO show the venture Piero show the dock Thompson Show. Now. There's still gonna be another generation of people and theirs. I think I'll always be a role for terrestrial radio. Terrestrial radio may decide the pot guest itself It shows in on a relatively popular morning show one of the biggest ones in Maryland, shouted Frank, China, frankly, just part cast it, and then you get Car plugin you for Europe's age and so on, and I think people figured that out slowly. The I'm trying to make folks is, as our court options pick up all heart beating you get to pick and choose whatever in the old days. You turned on a car radio your local morning, Shell, was it The morning mayor in Europe to everybody's the morning, marriage, you notice that I have seen and all of you ass, a guy in western mail id suborning Mayors Guide Florida morning by the morning. May local talk show guy anymore. That was your guy, no matter what right don't talk Here's what we're your choice. We hardly case the morning this out,
Maybe, even though that this guy blob do not kidding, I do not believe that everybody supporting their your radio. Part radio only got the wattage that was within a certain sphere. You couldn't hear what's happening in L, a How you want to listen to W C Bmw May w c p m as an app called us into it. You can do it on Mars. You probably got if they, the toolbars, we get it. This is all happening and the Democrats a freak out. They don't know what to do. So these people wrote this report in it. Astoundingly undemocratic. These two left, these worsen Ojo, are projecting some jokes motions for this- or you hear somebody said suddenly left right seriously. Turn around a row is always going to be something that involves under awkward ties in their democratize able Their solution is this that liberals in their like minded folks should gather together and through
outsourcing learn. Basically, but to click on an manipulate manipulation, Essie, o search engines like Google and in and being in staff, and things like that and click. On only certain articles that, of course, or liberal leaning Joe, because those are the articles that come up first now we can suppress all those evil, bright barred and conservative, reviewers and and daily callers of the world like way that's your solution! Now, that's there's a couple other ones in the piece you can read about, but this is amazing that day, just Canada tolerate Joe in alternative view. View of the world view of the universe view of how things work. They have such little tolerance for that they'll engaged open strategies on papers. Anybody can read too press information from you, as if you're, not smart enough to distinguish between what Good NEWS and what's terrible news vision, the anointed anyone again these annoyed
folks. They annoyed themselves planners over your life, even when they don't have official government power. Now he point out in a peace which is interesting to find out how this happened. And says it was basically the internet, the web. Tat shattered all barriers to entry for news now. This is the critical take away. So you Their solution for us, I kind of red reverse their solution, is liberals and all our bodies. Don't click stuff, and we can manipulate the s YO and we could suppress all that conservative garbage got that show but gives It's up how they get to this point there like well, internet shattered barriers to entry and what they mean by that is backing the day, Joe again, if you didn't turn on Walter Cronkite, there was no ass. To get the news other than the newspaper right and to get the news four requires you to own a printing press which required massive amounts of capital and distribution network, so basically all the companies were liberal.
Were really not that many strong competitors labour, stammered aided the industry, and it the barriers to entry to get the news out. What was the barrier to answer Joe? You either had only tv channel or own a printing present and distribution network come along with those are very expensive people and do it. The internet changed everything blogging I'm about to give some interesting examples of new. Stories that were broken. For the media could get them out talks about like Whitney Houston staff and how stories were broken on the internet and social media by people who just sought. I wouldn't use, Then all we got you know a pass Joe? How would that get out? get out. Unlike the AP, remember, the wire you know the news why get out a loose wire and that's how these companies will make their money now, there's no, need to click on a peace story and pay their advertisers. If you ve already read it a thousand times and social media from Joey Beggar, don't you see what I'm saying Joe theirs? no money, there's there's no money anymore. I should say not this this
no significant returns, a regular news anymore. Why because nobody is going to click on a story. They ve read six thousand times on twitter ready before you broke, it makes sense, show so, therefore, Eunuch get your sponsors because sponsors pay for clicks. People are now gonna. Do that so pray number one of the peace. Is it straight news? Joe, is not profitable anymore. It's commodities, anyone with a cat. Anyone with an Iphone anybody with a twitter account could put news out their bam. He says, but what is profitable, and this is what really scaring the left and hence there Manipulation of ESA Yo strategy. What's really profitable, Joe, is differentiated. Dues Now, that's a fancy wave saying opinion like us. What we do. There has been an explosion in could serve
and to be fair, liberal, podcasting, Ipod, POD, save America, which is a liberal, show, does bonkers numbers. Thereby GINO show the pen Shapiro shows the crowd. A shout bonkers numbers tens of thousands hundreds of thousands of listeners a night millions a month. These, the differentiated news is where the money is in the future and the album there? Having with this is differentiated news opinion Joe puts it Two alternative explanations of the universe: where in their prior universe, when it was just what they called straight news right: Walter Cronkite Tom Broker. It was just one and one piece of straight news was really news with a liberal slant. That makes sense. That's why so, then, what the I broke off the New York Times. They love that that was Joe go straight news. And it was with a liberal slapping now that straight news is dead, because any
we can put out straight news and social media beaten with upon their theory. As opinion news takes off debts The money is now podcasting blogging that type of stuff that takes off. Conservatives are now going to compete on a level playing field with liberals and people are going to be able to form their own opinions, and their freak out makes sense, but I tied up much, it did, did a good job Superman. You super good piece by sky. Mind Gonzalez are put at the shoulder sedates at the Federalist GO check it out, punch. You know that come thanks again. Folks really appreciate appreciate you bear with me any explanation, but I feel like I owe it to you. You are my audience and we do this show exclusively for you. We deeply appreciate your loyalty, please spread. The word check this out on Spotify. I Santa Claus I tunes are, you can also listen up on GINO dot com. If you want a listener, we really appreciate it. I will see you all
you just heard TAN Bonn GINO. She did more than all mine in time and conservative review dot com. You can also get dance, podcast zone, Itunes or sound cloud and follow then on twitter. Twenty four seven at De Bonn, GINO.
Transcript generated on 2020-03-04.