This episode explores the profound changes expected in America’s political and media arenas. John Rush and Tyler O’Neill unpack the influence of conservative media, the shifting role of platforms like X, and how these entities are redefining mainstream media. Listen as they discuss the challenges of immigration and the potential reforms needed to address these national issues, highlighting the importance of a cohesive plan to tackle the ‘immigration industrial complex.’
SPEAKER 03 :
This is Rush to Reason. You are going to shut your damn yapper and listen for a change because I got you pegged, sweetheart. You want to take the easy way out because you’re scared. And you’re scared because if you try and fail, there’s only you to blame. Let me break this down for you. Life is scary. Get used to it. There are no magical fixes. With your host, John Rush.
SPEAKER 16 :
My advice to you is to do what your parents did! Get a job, Turk! You haven’t made everybody equal. You’ve made them the same, and there’s a big difference.
SPEAKER 15 :
Let me tell you why you’re here. You’re here because you know something. What you know, you can’t explain. But you feel it. You’ve felt it your entire life. That there’s something wrong with the world. You don’t know what it is, but it’s there. It is this feeling that has brought you to me.
SPEAKER 06 :
Are you crazy? Am I? Or am I so sane that you just blew your mind? It’s Rush to Reason with your host, John Rush. Presented by High Five Plumbing, Heating, Cooling, and Electric, where every call ends with a high five.
SPEAKER 07 :
All right, hour three, Rush to Reason, Denver’s Afternoon Rush, KLZ 560. Tyler O’Neill joining us. Welcome back, Tyler. How are you?
SPEAKER 17 :
Hey, doing well. Thanks for having me.
SPEAKER 07 :
Daily Signal and author of The Woktopus, The Dark Money Cabal Manipulating the Federal Government. So the question I have for you, has a couple of the tentacles been chopped off in the last couple of days?
SPEAKER 17 :
Yes. Well, so it’s interesting. The actual Woktopus is pulling a lot of the tentacles back, and some of the tentacles are being sunk in underneath the ground, for them to be put up later. But yes, I mean, President Trump has come in with a lot of really strong executive orders. He’s been chopping away left and right. The problem is there are so many tentacles that it’s hard to get all of them. And so what I’m warning is The deep state is still going to oppose Trump from within. He’s doing what he needs to mostly, but Congress really needs to step up and help him.
SPEAKER 07 :
Thank you. You took the words out of my mouth. What I was going to say next is to really make these things lasting. Now, granted, they can be changed again even through, you know, congressional changes. bills and so on, but you know that’s always a lot harder than executive order. So the reality is if you want these things to stick even longer, you’ll be longer lasting, you’ve got to get them through Congress and approved by Senate and then signed out by the president.
SPEAKER 17 :
Exactly. And there are some key legislative reforms that need to undermine the deep state. One of them, I think, is making it so that you can’t have public sector unions representing government employees.
SPEAKER 07 :
Amen.
SPEAKER 17 :
That was an idea.
SPEAKER 07 :
I’ve said that for years, by the way. Amen on that one. Absolutely. You know, as taxpayers, this is where I draw the line, Tyler, really quick, just to give you my explanation. We as taxpayers, when I’m paying the bill, they should not have the ability to, you know, have a union if you would represent them against me. That’s how I view that.
SPEAKER 17 :
Exactly. Yeah, they’d be going on strike against the American people. Correct. one of the things that turns public servants into public serpents.
SPEAKER 07 :
Correct. Correct. So, yeah, that one to me is one that ought to happen right out of the gate. And I think when it comes to, you know… hear me out here when it comes to some of the wokeness. So the DEI thing that Trump, through executive order, has ended. A lot of those people, as of 5 o’clock Eastern time tonight, so they’re already two hours past that, are essentially laid off with pay, but yet there’s directives from their higher-ups to fire them, figure out a way to eliminate them altogether. And my point on that is, and I don’t know that this has been done yet, but the, you know, the… whatever you call it, the – I can’t think of it right now – the Government Accounting Office, GAO, they need to figure out exactly what does DEI cost the American taxpayer across all federal agencies, and then that needs to go to Congress and say, okay, time out. We’ve got to cut spending any way we can. This is a great way to do so. And to me, that would be the way you run that bill through is not necessarily we’re going to kill – you know, DEI because it’s woke, but we’re going to kill it because it’s costing us too much.
SPEAKER 17 :
Yeah. Yeah, well, it’s costing us too much, and it’s pitting people against each other. So it’s putting good money after bad.
SPEAKER 07 :
Correct.
SPEAKER 17 :
In a really clear way.
SPEAKER 07 :
Well, in my opinion, it lowers the overall quality of goods, whether it’s something that’s produced by government or something that’s produced by the private sector. At the end of the day, it literally is lowering the overall quality.
SPEAKER 17 :
Yeah. Yeah, lowering it quite a bit. I think the other aspect, though, is that this is a personnel issue, too. You have to get rid of the DEI superstructure in the government, which is key and he can easily do. But you also have to watch, and this is where my book comes in. I talk about all of the woke interest groups that are feeding staff into the administration that fed them into the Biden administration. A lot of these people are hankering down. They’re hunkering down. They’re changing their titles so they no longer are part of DEI this or DEI that, and then they’re trying to stay. And there was a shocking poll that found 64% of D.C.-based federal bureaucrats who voted for Kamala Harris say they would not implement a Trump lawful order if they thought it was bad policy.
SPEAKER 07 :
Yeah, they need to go. I mean, my feeling is they just need to go. This goes back, though, to conversations we’ve even had in the past when it comes to just trimming government in general. It’s bloated. And by the way, Tyler, I could say government is bloated on any level. I could go to almost any state, county, city level, all the way up to the feds. Reality is government bloats. It’s what they do naturally. Oh, yeah. It’s one of the reasons why I believe Donald Trump said no more hiring. We’re done with that for right now. You know, we are not going to send even four and eight out right now. We have got to get our ducks in a row. I’m paraphrasing, but we got to get our ducks in a row before we do anything else. And the reality is, Tyler, that needs to happen across the board.
SPEAKER 17 :
Yeah, no, it really does. And one of the aspects of it that I cover in the book is the immigration industrial complex, all these NGOs that are receiving federal funding from to move illegal aliens throughout the country. And that makes, you know, the border crisis, you know, every state becomes a border state, and the border crisis comes to everywhere. We’ve been seeing it these past four years. I mean, I still was shocked to see a Venezuelan gang going door to door in Aurora.
SPEAKER 09 :
Yep. In our backyard.
SPEAKER 17 :
Yeah. Like, I grew up there in Colorado, in Golden. But to see that, I’m like, is this my country anymore?
SPEAKER 07 :
In some cases, it doesn’t look like it anyways. And to your point, what’s happened even here locally, yeah. I mean, and by the way, every single liberal in Colorado downplayed all of that up until the point of that particular event happening, and then they had no choice but to recognize what was going on. That includes even some of our liberal newscasters and so on. So, yeah, when those things actually get to that point, people have to pay attention. Unfortunately, it took that to happen.
SPEAKER 17 :
Yeah, not, and I feel that way about the Trump administration, you know, the second administration of Trump in general, it’s like in order for this administration to happen, we had to hit real rock bottom under Biden. Everything had to go wrong. And now Americans are, you know, I was surprised to see a lot of elites, you know, those tech CEOs standing with Trump yesterday, And this poll that showed that a lot of members of the federal government are gearing up to oppose Trump, it also found that more of the elites than not are actually supporting the administration and hopeful about it.
SPEAKER 07 :
Well, and hear me out on this one. I feel, this is me, these guys know where their bread is buttered. They’re not dumb. And I feel like, number one, if they felt like they would have a continuation of Joe Biden even in 2028. They wouldn’t be so apt to do what they’re doing now. To me, this is an indicator that they firmly believe that this particular party is going to be in charge well beyond the four-year mark. So I think what they’re looking at is playing the long game.
SPEAKER 17 :
Yeah, it could be. I mean, yeah, I hope that is their calculus. I tend to be a little bit cynical and think in shorter-term cycles. and think that they’re just trying to get in with the administration.
SPEAKER 07 :
Well, no doubt. By the way, I’m not going to argue with you on that, although think of some things that have changed recently that are probably making these folks pay a little bit more attention than they would have. X has become a huge competitor. X is Musk. Musk is definitely not on the left. He’s definitely for sure on the right with Donald Trump. He’s become a big player in that world. These other folks, you know, Bezos and Zuckerberg and so on, they have to be looking at that saying, wait a minute. this guy’s wealth has increased almost double since he went down this path. Ours, by the way, isn’t. Maybe we’re on the wrong bandwagon.
SPEAKER 17 :
Yeah. No, it is hard to overstate the impact of Elon Musk buying Twitter and freeing it up when it comes to speech. It changed the media ecosystem, and it made the sort of suppression of the Hunter Biden laptop story impossible and that i mean that story may have swung the 2020 election there are a lot of i mean i think it did i think it did yeah yeah but i think you know there’s really good polling from the media research center showing that if enough biden voters knew in 2020 about Hunter Biden, they would not have voted for him.
SPEAKER 07 :
That’s right. We’d have a different outcome. Yep, absolutely. Well, really quick, too, I want to say this, Tyler. I do also think that, number one, the left is losing, A, the mainstream media. In fact, it’s not even going to be that any longer. This last election, I think, proved that. They do not have ABC, NBC, CBS. They do not have the power they once did. The other tech companies, quote-unquote, TikTok, for example, which, by the way, they wanted to kill off. That’s a whole other story we could get to maybe on a different day. But TikTok, Facebook, Instagram, YouTube, X, I mean, you go down the list. They are becoming what mainstream media used to be.
SPEAKER 17 :
Yeah. Well, and the funny thing is conservative media is competing. And at The Daily Signal, we are growing.
SPEAKER 09 :
That’s right.
SPEAKER 17 :
by leaps and bounds. So I think, yes, to a large extent, the way that news is mediated is through platforms more than it is through specific companies these days. So people will go to YouTube, and the algorithm will serve them the news they’re interested in. And people will go to X, and people will go to other places. And so that frees up things. I mean, luckily, I feel like they’ve tried to crack down on this explosion of content with the Internet time after time. You know, we had all these all these moments, especially since 2016, where they say, oh, conservative media is misinformation. We have to stomp it down. Right. And so Facebook stops promoting allowing political content. And, you know, one thing falls after another. But the Internet is keeps pushing forward, and thanks to people like Elon Musk, that trend seems to be accelerating now.
SPEAKER 09 :
I agree.
SPEAKER 17 :
To see Mark Zuckerberg come out and say that Facebook is going to finally allow political content again, that it’s not going to censor speech, that it’s going to have a system like community notes on X, I mean, all of this is very exciting, and I don’t know how much I trust Facebook to apply it evenly, but I’m really glad it’s happening.
SPEAKER 07 :
I agree. Time will tell. Again, Tyler O’Neill, thank you so much. Daily Signal. Guys, go check that out as well. And Tyler, as always, I appreciate you joining us.
SPEAKER 17 :
Hey, thanks for having me.
SPEAKER 07 :
You’re very welcome. Have a great night. And it’s a great website, by the way. If you guys don’t go to that on a regular basis, I would highly recommend that you do. They have a lot of great stories on a daily basis. They’re doing a fabulous job, and we’ll keep having them on as guests. Flesh Law is up next. Civil, criminal, you name it, Kevin is there to represent you. 303-806-8886.
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SPEAKER 07 :
This is Rush to Reason on KLZ 560. All right, before we talk to Scott Garlis here at 530, this came out in the Wall Street Journal today. Trump is now threatening sanctions, more so, and tariffs on Russia if Putin doesn’t end the war in Ukraine. Now, will that have a huge effect or is that a lot of lip service? And I love Donald Trump. And behind, you know, his processes, because he usually thinks long term and has a way of getting to where he needs to go. Unfortunately, when it comes to Russia, they don’t buy a lot already. Now, if Trump can somehow put sanctions on and tariffs on that affect other countries, countries besides us, and he can get them on board to agreeing to do that, well, then that would have a much larger effect, because the reality is Russia doesn’t really export a lot of goods to us. In 2024, it was about $2.9 billion is all, and I know that sounds like a big number, but in regards to goods that are traded back and forth and so on, not a huge number. Number by any means. So that’ll be interesting to see. I do predict that Trump will come up with ways to even strong arm Putin into doing more things. Now, I also will tell you this. I think Ukraine’s going to have to have a really hard look at what they’re doing as well, because I can guarantee you Trump’s going to come along and already has foreign aid right now is done. We are not giving out anything for the next 90 days. So Ukraine is not going to get a nickel in the next 90 days. Now, I understand before Biden left, he gave him a nice lump sum and helped him out quite substantially. But that’s ending. And that’s going to hurt. And they’re going to also have to be more willing to come to the table and negotiate and figure out a way to end this thing. But my prediction, I really thought by now this would be over. Although when you’re not president, you don’t quite have all of the purse strings and the ability to control everything. It’s a little harder to negotiate now that he is. Trust me, this will get negotiated, and I believe it’ll be negotiated fairly quickly. Will we be dealing with a Russia-Ukraine war this summer? I highly doubt it. I highly doubt it. Will it end in the next 90 days? Don’t be surprised if it does. That would be more my prediction. I think it’s going to be right. Well, not going to be. I think it’s on Trump’s agenda. top agenda already. He does not like us being involved in any of these wars. He doesn’t like them going on, period. He has said that publicly many times. Even though the left accuses him of being a warmonger, he is the farthest thing from it. He is far less of a warmonger than anybody on the left. So I believe wholeheartedly that he will do everything he possibly can to crush them. Now, the other thing, by the way, that will hurt Russia is us upping our oil exports, our capacity here in the U.S., Our LNG exports, which, by the way, Biden, who claims, and he told Mike Johnson, the Speaker of the House, that he didn’t know what he was signing. Yes, that’s a true statement in what I’m just saying there. Joe claims he didn’t sign anything limiting exports of LNG. In fact, he did. And that’s where Mike comes back and says, who’s been actually running the country? Because Joe’s just signing anything that’s put in front of him. So you get some of that back on track, which, by the way, is a competition to Russia now. You do enough of those things that that will put some pressure on Russia when it comes to their financial end of things. By the way, just producing more oil and dropping the price will put pressure on Russia. So there are lots of things. There’s lots of tools in the tool bag, if you would, that Donald Trump can use in a way to strong arm Russia into coming up with a deal with Ukraine. And by the way, doing the same thing with Ukraine along those same lines. And I’ll be the first to say it. Neither one are innocent. And I know there’s people out there that would disagree, that love Ukraine and think they’re innocent. No, they’re not. No, they’re not. They have their own corruption and things going on that they need to deal with as well. And one of the fears that I have, and I don’t think I’m wrong in this, is how much money that we as taxpayers have borrowed and sent there ends up not even going to the battlefield but in some of those higher-ups’ pockets. And I’m guessing far more than we want to see. I don’t want to see any, but I’m guessing far more than what anybody could imagine. Again, they have their corruption issues, too. They’re not perfect. They’re not angels. And don’t let anybody in media or the church world or anyone else tell you otherwise, because they’re not perfect either. So this is something that, in my opinion, needs to end. Never should have started in the first place. Had Donald Trump been president, it wouldn’t have. This you can all go back and blame on Joe Biden and his policies when he first came into office. And the fact that, keep in mind, there for a while, Kamala Harris was in charge of that, dealing with some of those things. Remember, she came out, and I’m not exaggerating when I say this, when she was explaining the difference between Russia and Ukraine, literally almost word for word, her answer was, well, Russia’s a big country. Ukraine is a smaller country. And Russia invaded Ukraine. That’s essentially her answer as to what’s going on over there. And I’m not exaggerating when I say that. You can almost go back and find that statement verbatim. That’s how clueless she is, still is. And thankfully she is not president. Thank God. I don’t have to listen to her on a routine basis because I’m not sure I could have. And I mean that sincerely. So bottom line, will Donald Trump do some things to end that war? Yes, I believe he will. What will that all be? I don’t know. I’m not privy to that. There’s lots of things in the toolbox that he can use. And I believe it’s just a matter of time until he uses those and gets that done. High Five Plumbing and Electrical is up next, folks. And again, if you had any issues during this last storm, some frozen pipes, some problems with drainage, you name it, give High Five a call today. Get them out to your home. 877-WE-HIGH-FIVE.
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SPEAKER 07 :
All right, we are back. Rush to Reason, Denver’s Afternoon Rush, KLZ 560. And Charlie’s getting Scott rounded up. We’re going to talk about some of the things that we’ve been talking about now. Last few weeks, now that Trump is actually in office, what are the tariffs looking like? What’s that doing when it comes to Wall Street itself? What’s Wall Street thinking? You’ve seen the actual Dow go up. most every day this week in fact it broke a record i believe uh yesterday don’t quote me on that but i think that’s what andy was telling me as he arrived yesterday i did not check that myself but you know bottom line uh it’ll be interesting to listen to scott and see what he has to say in regards to what wall street thinks and so on but there’s scott right now scott welcome how are you sir are you there oh scott Maybe. Hey, Scott, are you there? I will. Oh, there you are. How are you, sir?
SPEAKER 18 :
I’m well. How are you?
SPEAKER 07 :
I’m good. I’m good. Things are probably switching over in the car. Not a problem. All right. It’s been a interesting week. Donald Trump is now president. I’ve seen the markets respond positively. Am I correct in that? Is that the sentiment around Wall Street that things are going to go much better than they originally thought? Or where are we?
SPEAKER 18 :
Yeah, no, that’s it. So, you know, leading into the event, one of the things we had talked about was there was lots of speculation about, man, everything’s going to be terrible, all these bad things are going to happen, inflation’s going to be a runaway freight train. And so there’s this old saying on Wall Street, this thing that traders kind of do where they sort of, it’s called buy the rumor, sell the news. And in this case, it’s the opposite. It was sort of sell the rumor and buy the news. So when you’re uncertain, fund managers tend to sell first and ask questions later, so they raise cash just in case something bad happens. That way they have money to invest when they figure things out. So as we started to get some details, one of the things we were really worried about was Trump was going to slap China with 60% tariffs on the first day he got into office, and that didn’t happen.
SPEAKER 09 :
Right.
SPEAKER 18 :
That makes them less nervous about inflation because one of the big sticking points about inflation is going to take off is Trump was going to jam people with all these big tariffs from the get-go.
SPEAKER 07 :
Well, in fact, yeah, some of the things that he did, Scott, were kind of opposite of that. In other words, he cut all of the DEI programs. A lot of those people, by the way, as of tonight are still on payroll, but there’s mandates from their higher-ups to actually let those individuals go. He put a hiring freeze in, meaning no new employees in the federal government. He told every office and corporation to boot. figure out a way to lower what you’re doing, lower your overall costs, and let’s pass those things on to the general population. Let’s cut back on some of these stupid mandates that make washing machines more expensive and so on. So the reality, Scott, is literally from day one, he came in and did things that, frankly, should actually boost the economy and save the American worker money.
SPEAKER 18 :
Yeah, yeah, that’s right. Exactly. That was one of the other big things, too, that he was telling all these government agencies to start looking for ways to save people money. And that’s correct. He knows how painful inflation has been for Americans, and he knows that that’s one of the big things that got him elected. So Wall Street sees and hears that from the get-go, and they like that because they want to see inflation come down because the Fed, what is it, about a month ago, said, hey, We might not cut interest rates this year like we previously got it for because we’re worried about inflation. And when they see this guy’s doing everything he can to help ease inflation, they look at that and they think, okay, wait a second. Well, maybe the Fed can build those rate cuts back in and maybe expectations are super low. And there’s nothing but upside right now.
SPEAKER 07 :
Interesting. And I think also, too, the other thing that Trump did is, you know, on top of not only implementing those tariffs that he was pretty gung-ho on doing and I think was really a large saber-rattling when it came to some of the foreign entities, China, especially, he basically said, yeah, you know, let’s do this. Let’s put a committee together. Let’s figure out exactly what we should and shouldn’t do. I want to go to China, have a meeting as well. So you know what? Let’s make sure that we got our ducks in a row first before we do anything.
SPEAKER 18 :
I mean, the China meeting to me was super interesting. The fact that he said he wants to go over there as soon as possible and sit down with Xi. That is completely the opposite of what anybody expected. Everybody on Wall Street, all the fund managers and hedge fund buddies I talked to, they were like, man, China tensions are going to ratchet up big time. And that threw a lot of people for a loop. If you go back to 2018, the economy was falling apart because the Fed was in this, we’re hiking rates no matter what, and Trump was like, hey, we might be going into a trade war. Well, You know, when he did that and then he sat down with Xi, I want to say it was maybe in Chile, I think, where there was a G7 meeting at the time, and he sat down with Xi and they figured things out. And they said, okay, we’re going to work on all this stuff, that we’re going to try to work on reducing the trade deficit with you guys. And that turned the corner, and I feel like people saw and heard this commentary, and they’re like, investment managers are thinking to themselves, okay, wait a second, that puts credibility to the fact that he didn’t implement tariffs from day one, and he wants to figure out a way to move forward on this, not move backward.
SPEAKER 07 :
Right, and on the same token, he’s simultaneously telling Canada and Mexico that, hey, we’ve got this immigration problem, we want to get this thing fixed, and the reality is if you don’t help us fix it, we are going to slap tariffs on you. I think he really means what he’s saying there. On the same token, you’re seeing Canada and Mexico literally, as we speak, getting on the bandwagon saying, okay, what can we do to help fix this?
SPEAKER 18 :
Yeah, and I know the president of Mexico, she recently said, look, I think cooler heads will prevail in this situation. I don’t want to get in a fight over this. Let’s figure this out. You’re right. You know, another interesting thing about this was, you know, the Canadian oil firms, they’ve been worried about this and they’re trying to get oil and energy products into the U.S. as fast as possible. One of the pipeline companies, Enbridge, has had to slow them down. They’re trying to transport so much oil. And what What people don’t think about, that the average Joe doesn’t think about with this, and Wall Street is, is all of a sudden you can see the Midwest storage facilities. have too much oil.
SPEAKER 07 :
Yeah, at capacity. Too much gas. Yeah, right. Well, and really quick for everybody listening, and most people don’t know this, Scott, the reason why Canada, A, has the prices that they have on oil, and the reason why, by and large, that oil all comes down into our ports is because the reality is they have no other way of exporting that oil to other countries. So we’re their biggest customer, and we have to be because even once we get it and then export it or basically become the broker for them… there’s no other option for them.
SPEAKER 18 :
Yes, I mean, and another one that I was reading about today, Indian Prime Minister Narendra Modi, I believe Narendra is his first name, his cabinet is now looking into ways preemptively to lower the trade deficit they have with the U.S. right now because they don’t want to get into a tariff conversation. And apparently some of the plans are, they’re talking about importing more You know, goods like whiskey, they like U.S. whiskey. They’re talking about importing more steel. And they’re talking about getting rid of tariffs they have on the export of U.S. goods to India.
SPEAKER 07 :
Interesting.
SPEAKER 18 :
So that they can increase trade, right?
SPEAKER 07 :
Those are all things, by the way, as you know, Scott, I mean, big picture, those are things that will help the U.S. economy grow, correct?
SPEAKER 18 :
Yes. That is exactly right. That will help the U.S. economy grow.
SPEAKER 07 :
One of the things that, you know, aren’t in my notes, but I want to ask you anyways, is I also know Donald Trump is a smart guy. He understands the market, the economy, the real estate end of things especially. I mean, he has to see that we’re in a real estate slump right now. You know, Housing prices haven’t done much in the way of going down. Interest rates are up. A lot of people can’t afford to get into a home. He knows all of that. And the best way to get that moving forward is rates have to come down. Now, I know everybody will say the Fed is independent. They’re not going to do whatever Donald Trump says, although you and I both know that there are some talks that can go on and some leverage that Donald Trump can use. My question is, How long do you think it’s going to take Donald Trump to get those rates down to a point to where housing goes back up again?
SPEAKER 18 :
I bet by the end of the year, rates are going to be significantly lower. I bet your percentage point from where they are now. I could be putting my foot in my mouth, but that’s how I honestly feel.
SPEAKER 07 :
Well, I mean, by the way, if the builders even feel like you, they will not wait and start builds at the end of the year. If they feel like rates will even be down by then, they’ll start building in the summer because they know how long it takes to complete things.
SPEAKER 18 :
Completely. And then supply will go up.
SPEAKER 07 :
Correct.
SPEAKER 18 :
And people will find availability. I mean, let’s think about it this way, too. I mean, Think about some of the balance sheets that some of these big banks have. You know, they have treasuries they’ve been sitting on for years because rates took off and they can’t sell them right now because they would have to take big markdowns and losses. So these are all balance sheet issues. You know, getting interest rates down, that’ll help the value of those treasury bonds they have. Not to mention, if you can get rates down, borrowing costs for the U.S. should drop.
SPEAKER 09 :
Huge.
SPEAKER 18 :
You know, and there’s potential that If you can get that to happen, the U.S. could go out and refinance some recent debt it’s issued with cheaper debt.
SPEAKER 07 :
Correct, correct. Yeah, well, and then on top of that, Scott, as you know, the average, you know, even small to medium-sized business where they’re relying on, you know, different loans, lines of credit, people have credit card debt, of course, they buy cars and so on. I mean, the reality is, and this is something where I just think the Fed are a bunch of knuckleheads, but anyways, we’ve talked about that plenty in the past. The reality is to really get the economy spurred along, And I’m sorry, this is where the Fed and I probably are going to disagree. You have to lower rates. You’re not going to get it done any other way.
SPEAKER 18 :
That’s correct. I mean, what we’re seeing in Europe right now is, you know, there are a couple of guys. Philip Lane is the chief economist of the European Central Bank. Big Hawk. There’s another guy, Ali Ren. I want to say Ali Ren is from like Denmark or Norway. He’s a huge hawk. And these two have recently come out and said higher rates and sort of basically higher rates for longer are destroying the European economy. They have to get rates down fast. And it’s a matter of time.
SPEAKER 07 :
And I feel, Scott, and again, I didn’t go to college. I don’t have an economic degree or anything along those lines. But common sense would tell me that, number one, gone are the days where you’re going to have double-digit-type rates coming out of the Fed. No matter what anybody says, that’s just not going to happen because it’s so destructive. And the reason why… It’s so much more destructive now than it was even back in the 70s is because of what you said a moment ago. The large national debt that we as a country are carrying right now, the reality is we can’t go back to that because it would crush us if we did. Am I correct or not?
SPEAKER 18 :
It would completely destroy us, the interest payments. I mean, we’re experiencing that problem now. Interest payments have ballooned because of what the Fed has had to do to fight inflation. And so the Fed cutting rates, would actually help to get interest payments down.
SPEAKER 07 :
Well, and then the question I’ve got for you, and again, this is a larger question. The Fed will look at it, of course. Wall Street’s going to look at it and so on. But a lot of the things that Donald Trump is doing in week one, really in the last couple of days, in regards to cutting the federal budget by some of the things that he’s executive ordered done, the DEI, end of things, the freeze on workers, the freeze on foreign aid, by the way, for the next 90 days. I mean, he’s already done several severe things that literally trim the cash outflow of the U.S.
SPEAKER 18 :
Well, yeah, and, you know, they’re actually talking about there are a number of office buildings that they own in D.C. that simply aren’t used. They’re talking about offloading all those. I mean, those are expenses, maintenance costs, everything off the books.
SPEAKER 09 :
That’s right.
SPEAKER 18 :
And it’s interesting with the back to work stuff, too, because to your point on real estate, having all the federal workers come back to work, that’s going to help commerce. That’s going to help real estate.
SPEAKER 07 :
Yep. No, I agree. And I do think these are things that Donald Trump and his team are going to look at. I think some of these things, Scott, frankly, are going to happen sooner versus later. I think the other thing you’re going to see, and I talked about this before you came on, you’re going to see the Ukraine recession. Russia war end fairly quickly because, by the way, Trump will do some things to make that painful for both countries. And the reality is they’re both going to have to come to the table and figure out how to stop that. Again, that is less cash outflow for us as a country, meaning more of that stays home and helps our economy.
SPEAKER 1 :
That’s correct.
SPEAKER 07 :
All right. We’ll keep watching it. I appreciate you, Scott. How do folks find you?
SPEAKER 18 :
Yeah, sure. See Scott Garlis on LinkedIn or Twitter.
SPEAKER 07 :
Awesome. Scott, I always appreciate you, man. Thank you very much.
SPEAKER 18 :
Thanks so much for your time, Scott.
SPEAKER 07 :
You bet. Have a great night. And, again, Scott’s a great guy. I appreciate him. He has been with us, by the way, coming into the evening hour now, all the way back before COVID, during COVID, and all of that. So I enjoy Scott. I believe Scott’s one of those very common sense guys that thinks much differently than probably a lot of other folks in his field does, and I appreciate that. Affordable interest mortgage, Kurt Rogers speaking of rates and where are mortgage rates going to go, what are they going to do, and so on. Kurt has a pretty good feel on this as well. Give him a call today, 720-895-0500.
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SPEAKER 05 :
It’s time to leave your safe space. This is Rush to Reason on KLZ 560.
SPEAKER 07 :
All right, a few minutes left here of today’s program. Thank you all for listening. Text messages coming in and so on. I appreciate it. Now, here’s another story that a lot of you probably already heard, and that is the quote-unquote, it’s funny, all the news agencies call them migrants, the illegal aliens that are stranded with thousands of appointments… To enter the United States, but they’re canceled as soon as Donald Trump took office. And what I mean by that is the CBP one app. There was an app created by the Biden administration that allowed migrants, quote unquote. people seeking asylum, I guess you could say, they could go on the app from anywhere, make an appointment through the app, and that was sort of their quote-unquote fast track to get into the country. I don’t agree with that. I’ve talked about this particular app in the past. It was a way for the Biden administration to literally allow tens of thousands of immigrants to come through illegally. Yes, I know they would say legally because of the app, but let’s be honest, illegally. They bypassed a lot of the systems that we would have in place otherwise, and it allowed them into the country. So what Trump did was the minute he took over, done. App got shut down. It no longer existed. If they tried to log in and do anything, they couldn’t. There were a few people on Inauguration Day Monday that were able to slip through, and they were able to make their appointments. About 400 of them were admitted, at least in Tijuana, across the San Diego border. But a lot of folks… As soon as that got shut down, realized, oh man, we can’t get in. There was one particular example they gave of a particular lady who was crying, which I can imagine, who had an appointment for 1 p.m., which was about four hours too late and not allowed in now. Now, I’ll just say it straight up. Is there a lot of sympathy on my part for this? No, I’m sorry, there’s not. Now, If there’s any sympathy of mine, it’s because they were misled by the last administration. That I have sympathy for because they were being lied to and misled literally by the Biden administration. publicizing and allowing them to come in when they shouldn’t have in the first place. And so at the end of the day, Trump came in, shut this down. The app is no longer useful. They can’t use that any longer. And I look at that and say, yep, OK, this is exactly what he said he was going to do. And those of you that were on your way here thinking you were just going to waltz on in, you should have thought about that prior to Trump. And you should have been reading the tea leaves, if you would, on what Donald Trump was going to do the day he took over because the bottom line is he did exactly what he said he was going to do. So at this point, the doors are closed. You’re going to have to figure out a different way to do that. So veteran windows and doors, 35% off windows, 45% off doors, free labor to install. If you’ve noticed some major leaks and things like that during this cold weather, please give Dave a call today. Find him at klzradio.com.
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SPEAKER 05 :
Suck it up, Buttercup. Back to Rush to Reason.
SPEAKER 07 :
All right. In closing, by the way, Charlie reminded me that app, by the way, that these folks were using was typically on phones. We, as taxpayers, gave them and are paying the service on to boot. And it’ll be interesting to see what happens on that end of it moving forward as well, because we got to stop that nonsense. That is the stuff that just has to stop moving forward. And I believe Donald Trump will do all of that. Guys, have a great night. Be safe. This is Rush to Reason, Denver’s Afternoon Rush, KLZ 560.
SPEAKER 1 :
Thank you.
