Jersey Joe returns with political zingers and intel that’ll make your blood pressure spike. From Biden’s babbling testimony to Pelosi’s public short-circuit, John and Joe ask: who’s really running the country? They dig into Chinese spyware hiding in solar inverters, the fifth-largest employer in Mexico (spoiler: it’s not Taco Bell), and Medicaid scams that make Robin Hood look like a rookie. Plus, interest rate conspiracies, economic smackdowns, and Mike Johnston’s brilliant idea to rename 16th Street… to 16th Street. Buckle up, it’s a circus.
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.
SPEAKER 11 :
With your host, John Rush.
SPEAKER 06 :
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 18 :
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?
SPEAKER 03 :
It’s Rush to Reason with your host, John Rush, presented by Cub Creek Heating and Air Conditioning.
SPEAKER 05 :
All right, we are back. Jersey Joe joining us now. Joe, what’s up, sir?
SPEAKER 09 :
John, before we get to the heavy stuff, a little light stuff. You know, I live out in a rural area of New Jersey, a lot of horse farms around here. And the other day I saw this bumper stick in the back of a pickup truck that had some big, you know, boxes in it. And the bumper sticker said, I’m a veterinarian, therefore I can drive like an animal. And then suddenly I realized how many proctologists there must be on the roads. Oh, geez. Bad. All right. My question of the day, John, what is the largest non-edible cash crop in the United States?
SPEAKER 05 :
Non-edible cash crop in the United States would be corn feed for cows. Tobacco.
SPEAKER 09 :
Tobacco? Tobacco is the largest non-edible. in terms of value, the largest non-edible cash crop in the United States.
SPEAKER 05 :
I debate that on the corn feed.
SPEAKER 09 :
Well, corn is edible.
SPEAKER 05 :
Not the type you feed a cow is not.
SPEAKER 09 :
Well, you can make, no, you can make a… You and I would never eat that.
SPEAKER 05 :
Even if you made that into a mash, it would be disgusting.
SPEAKER 09 :
No, no, but you can make a tortilla chip out of it, John. whatever yeah all right that’s debatable that one i’d have to whoever was the author of that one i’d have to debate him on that one joe all right let’s move on to some heavy stuff let’s talk about does the name robert her ring a bell yes now for those who don’t remember he was the special um after joe biden left office um when donald trump won his first presidency it was discovered that uh Joe Biden, who was never president, he didn’t have the ability to declassify anything. It was discovered that he had boxes of classified documents, both in an office in Penn Plaza in Philadelphia and in his home. They were in a box in a garage next to his Corvette. And he admitted that he had shared the contents of some of those documents with a ghostwriter who was writing his memoirs. So the Department of Justice appointed a special prosecutor, a guy named Robert Herr, to interview Joe Biden for possible criminal prosecution. And in March of 24, Herr came out with a written report. And in that report, he said while Vice President Biden had clearly broken the law and he cited the section of the U.S. Code of Justice about, you know, taking these documents and not secure it, taking them home without permission and then not keeping them properly secured. He said, I recommend against prosecution, because at this time Biden was president and they wouldn’t be able to prosecute him until after he had left office. He said, I recommend against prosecuting President, you know, indicting President Biden because he would come across to the jury as an elderly man with a poor memory. And to get a criminal convention, you have to prove intent. And if somebody did something because they were forgetful, you know, you can’t really say he intentionally broke the law. The Democrats excoriated her, because remember, at this point in time, March of 24, Biden was still the Democrat nominee for president. And here’s Robert Hearst saying he’s an elderly man with a poor memory. Well, they jumped all over him, you know, crucified him. He has no idea what he’s talking about, how derried this, you know, president. Republicans said, well, let’s listen to the tape. Was the interview taped? Well, yes, it was. We will. Why don’t we hear the tape and we can decide for ourselves? They got stonewalled by the Department of Justice about listening to the tape. Well, Attorney General Pam Bondi released those tapes over this past weekend. And, John, you have them. And we don’t need to play the whole thing, but I just want the audience to listen to the first two minutes. And here’s the setup. And it’s a very bad audio. And you can barely hear him, but Herr asks Biden the question, talking about these boxes of documents. And he asks a very simple question. Where in the House… were those documents being kept. Now, he then starts to talk, he talks about his son Beau, Beau Biden, who had died of brain, well, this was back in 2017 or 18, and Beau was either deployed or dying of cancer. Beau had died of cancer in 2015. Right. And he goes on, he tells these stories, and if you played the whole thing, he winds up talking about a trip he took to Mongolia and shooting bow and arrows at targets to tacked up the hay bales, but John, can you just play the first two minutes of that tape?
SPEAKER 05 :
We’ll do. You ready, Charlie? Here we go.
SPEAKER 08 :
…road, and there were documents related to the Penn Bible Center, or the Bible, or the cancer photo shot, or your book.
SPEAKER 06 :
Where did you keep papers that related to those things that you were actively working on?
SPEAKER 20 :
Well, I don’t know. This is, what, 2017, 18, that period? Yes, sir. Remember, in this time frame, my son has either been deployed or is dying. And so it was… And by the way, there were still a lot of people at the time, when I got out of the Senate, that were encouraging me to run in this period, except the President. I’m not, that’s not a mean thing to say, but he just thought that she had a better shot of winning the presidency than I did. And so I hadn’t, I hadn’t at this point, even though I’m at Penn, I hadn’t walked away from the idea that I might run for office again. If I ran again, I’d be running for president. And so what was happening, though, was Bo dying on May 30, 2018. In 2015, he had died.
SPEAKER 05 :
Okay, I’ll leave it at that, Joe. I’m not sure that Joe Biden knows where he’s at at that point.
SPEAKER 09 :
Right, and the question was, where in the House were those papers being kept?
SPEAKER 05 :
Right.
SPEAKER 09 :
Did anything he say come remotely close to answering the question?
SPEAKER 05 :
I’m not sure he remembers, Joe.
SPEAKER 09 :
So, well, now you can understand why the Democrats didn’t want that tape released. Of course, of course. Because it would have shown just how… Incompetent he really is. Well, the extent of his mental decline, and of course… You know, Jake Tapper’s new book came out this past weekend, too. Right. Where Jake Tapper is saying what a huge cover-up the media was involved in, of course. Him included. Him included. I think we played the clip of Jake Tapper interviewing Lara Trump, and she said, well, Joe is showing signs of mental decline. And he climbed all over her. You’re not qualified. You’re not a doctor. You can’t make it. And here he’s saying, yeah, we all knew it, and we all covered it up. Talk about hypocrisy at its finest.
SPEAKER 05 :
They’re good at that.
SPEAKER 09 :
They’re good at that.
SPEAKER 05 :
And then on the topic of people— Really quick, he did call and apologize after all that was said and done when he realized, yeah, I probably screwed up there.
SPEAKER 09 :
Jake Tapper?
SPEAKER 05 :
Yes.
SPEAKER 09 :
He apologized to Lara Trump?
SPEAKER 05 :
He did.
SPEAKER 09 :
Well, good for him.
SPEAKER 05 :
Which he needed to because it was a royal screw-up on his part.
SPEAKER 09 :
A royal screw-up on his part. And I’m talking about people who should no longer be making decisions affecting this country. This is Nancy Pelosi. She’s outdoors at some opening, some dedication of someone with Parker or office building or something. And she’s trying to get words out, and her aides are whispering to her like she’s trying to talk about the Electoral College. And she’s searching for the words, and someone of her weight whispers to her, Electoral College. So let’s play Nancy Pelosi. Here we go.
SPEAKER 14 :
Thank you very much, Mr. Swalwell, for bringing us together for this very important initiative. Because that was the day we were by law supposed to, and we did, accept the numbers from the… The Electoral College spent a good deal of time with the police officers. It’s about a decision that was made to ignore the recognition to our police officers. It was one that came with such fears and… Okay, I gotta stop.
SPEAKER 05 :
Joey, she drunk.
SPEAKER 09 :
You know, she’s clunk or she’s either, I mean, she could be drunk. I mean, she sounds like she’s drunk.
SPEAKER 05 :
She sounds drunk.
SPEAKER 09 :
She’s slurring her words.
SPEAKER 05 :
Right, she sounds drunk. I’m sorry to say. I mean, she’s either, I mean, and to be nice, it sounds like she’s either drunk, she’s had a stroke, something along those lines, because those are the things that happen after people have strokes and so on. So I’m not saying that, you know, she’s got an alcohol problem. Maybe she does, maybe she doesn’t. Maybe she’s got, maybe she’s had a stroke. I don’t know. Either way, that is not how an elected official should be talking in front of the podium.
SPEAKER 09 :
Right. And remember, she is in the House of Representatives, which means she ran for re-election this past November. So seven months ago, the people of her district re-elected her to her position. This woman has no position, she has absolutely no business being in Congress. And I think she’s announced that she’s not going to run for re-election in 26. But, you know, this is who is… you know, part of the decision-making process of government. And it’s frightening. Now, there are other people that are older that, like Senator John Kennedy from Louisiana, a guy as sharp as a tack. He comes across like a country bumpkin. But, you know, this guy is sharp like a razor. But, you know, age affects everybody differently. And these two, and I can’t believe that the Democrats were still propping Biden up as their candidate yesterday.
SPEAKER 05 :
Well, I mean, I talked about it during the first hour, Joe. It’s still amazing to me that we’ve got people trying to say that, of all things, nobody knew Joe Biden had prostate cancer. All of this had to have just cropped up. I mean, you just get stage four prostate cancer overnight, which, Joe, you and I, being the age we are, know that just doesn’t happen. That’s just not the way. things work. I don’t care if you’re you, I, or Joe Biden, it doesn’t work that way. And yet we’ve still got people, leaders, if you would, out there in the Democrat Party and the news media, basically trying to snow you and I. Yep.
SPEAKER 09 :
And, you know, I can’t tell you how many medical experts, including Dr. Ezekiel Emanuel, who’s an oncologist, you know, saying, in his opinion, it was likely that he had detectable symptoms, you know, as early back as 17 or 18, you know, nine years ago. And by the way, Dr. Ezekiel Emanuel is the brother of Rob Emanuel, who used to be Obama’s chief of staff. He was from Chicago, right? And he’s now the mayor, or was the mayor of Chicago. Right. So this guy is not a conservative. Ezekiel Emanuel… Oh, not at all. Not at all, Joe. So even Ezekiel Emanuel, who was an oncologist, said, no, this has been going on for seven years or more. Well, let me put it this way. Detectable for at least seven years. Now, whether or not… Now, I’ve also heard unsubstantiated claims that Biden hadn’t had a PSA blood test since 2014.
SPEAKER 05 :
Impossible.
SPEAKER 09 :
Well, if it’s true, that’s medical malpractice.
SPEAKER 05 :
Exactly. Joe, it’s impossible. You and I both know that when they do a full workup on any president of the United States, it is exactly that, a full workup.
SPEAKER 09 :
You check every box, every box on the form.
SPEAKER 05 :
That’s right. It’s a full workup. I said earlier in the first hour, we may not know some of the outcome of this for… a decade or more when it’s all said and done, but we will find out at some point in time. The question I’ve got that I’d really like to know is, when were his treatments, Joe? Because you know, you and I both know he’s been treated. So that’s the question I have is, when were these treatments for this, by the way?
SPEAKER 09 :
Yeah, he kept taking all those week-long trips to Delaware.
SPEAKER 05 :
That’s right.
SPEAKER 09 :
And he wouldn’t be seen. And, you know, clearly when you have chemo, it takes you a couple of days to recover.
SPEAKER 05 :
That’s right. That’s right. Chemo, radiation, anything along those lines, Joe. Surgeries. I mean, we have no idea the extent of what all’s gone on because all that particular administration does is cover for one another continually.
SPEAKER 09 :
Right. And the White House, you know, I know Republicans are calling for investigation, but for the White House physician to come out last summer… saying that he just passed his annual fiscal and everything is fine. Either he’s an idiot and shouldn’t be practicing medicine or he’s part of a cover-up. And if he’s part of a cover-up, if he lied… the American people, I think there should be some consequences for him lying to the American people.
SPEAKER 05 :
Can’t argue that. And again, Joe, you know, between that, I read some things in the first hour about that administration covering up the, you know, the ill effects of the COVID vaccine, you know, the enlargement of the heart. I mean, these are all things that that administration knew that they covered and kept out of the eye of people.
SPEAKER 09 :
Yep. Yeah.
SPEAKER 05 :
Wrong. Criminal.
SPEAKER 09 :
It is criminal. Well, Let’s hope that some people are held accountable so that others in the future think twice before repeating that type of behavior. All right. I know we only got eight or six or seven minutes.
SPEAKER 05 :
You’ve got a few more minutes. Go ahead. You’re fine.
SPEAKER 09 :
How about the Mexican drug trade? John, you may have read my email, but when I read this statistic that the Mexican drug trade employs 175,000 people. Amazing. It’s amazing, Joe. And if you want to put that in perspective, you know, Mile High Stadium holds about 60,000 people. Correct. So that would be three Bronco Stadiums full of people. The drug industry is the fifth largest employer in Mexico. Wow. The fifth largest employer, 175,000 people. It just blew my mind how. And, of course, it’s so…
SPEAKER 05 :
And that’s what you know about. I mean, those are probably estimates because who knows, Joe, it could even be larger than that. We have no idea.
SPEAKER 09 :
And we also know that their police force is corrupt, their military is corrupt. Some of their past presidents were on the take. So that’s what we know about. Let’s move on to solar power and Chinese inverters. Now, John, you know what an inverter is, right?
SPEAKER 05 :
Oh, yeah, absolutely.
SPEAKER 09 :
For those who don’t, when you have, like in your car, if you have a 120-volt AC outlet in your car, Now, everything in your car is 12 volts DC. 12 volts, yep. And DC means direct current. It means it’s steady. It never fluctuates.
SPEAKER 05 :
There’s a battery that has to run it.
SPEAKER 09 :
Right. Well, if you want to get an alternating current that goes from plus 120 volts to minus 120 volts 60 times a second, you need to convert that DC power to alternating current, and you need a device called an inverter. Now, in your car… It’s not much bigger than two packs of cigarettes. Right.
SPEAKER 05 :
But if you have a 20-acre solar… And they’ve gotten smaller as time has gone by, as you know, Joe. At one point in time, they were the size of probably a bread box, but they’ve gotten really condensed now.
SPEAKER 09 :
Right. Now, but if you have a 20-acre solar farm, the inverter is going to be the size of a desk.
SPEAKER 05 :
Right.
SPEAKER 09 :
At least, you know, and possibly… The size of a small car, basically. Yeah, about the size of a car, and possibly two… Depending on the size of the solar farm or the wind turbine farm, two or three… That’s right. Well, most of these inverters, these industrial-sized inverters, are being manufactured and supplied to us from China. And some technicians have been disassembling these inverters, and they’ve been finding stuff inside the inverters that don’t belong there, including cellular radios.
SPEAKER 05 :
Communication devices.
SPEAKER 09 :
Communication devices that allow remote control of the inverters.
SPEAKER 05 :
So the question is— Do they want it shut off? Do they want them bringing it back on? What do they want to do? And somebody else can control that.
SPEAKER 09 :
Right. And so one can only speculate, and I’m sure these foreign companies that are manufacturing these are doing this at the insistent, because you don’t put expensive components into an inverter that’s going to add cost to the product. Unless there’s an ulterior motive, Joe. Unless there’s an ulterior motive. So for those who are not aware, yes, the Chinese government has been putting the equivalent of, if it was software, we’d call it spyware. In this case, it’s hardware that would give them remote access to turn off power feeds from solar farms and wind turbines into our power grids.
SPEAKER 04 :
That’s right.
SPEAKER 09 :
And on a peak day, you need every ounce of that power. On a 110-degree sunny day, you need every single kilowatt of that power.
SPEAKER 05 :
That’s right.
SPEAKER 09 :
So you want to do that.
SPEAKER 05 :
It’s very interesting as far as that goes. I read that. I think that was last week. I actually read that, not just from you. I saw that in the news. In fact, even some of the listeners listening sent me some articles along those lines. Yeah, that’s disturbing, Joe, because that is our infrastructure, and that means a foreign entity has infiltrated our infrastructure.
SPEAKER 09 :
Yeah, so there’s a big scramble right now. They’ve got a bulletin out to all these solar farms saying, you need to take these inverters apart and look for this thing, you know, this device, this device, and this device. All right. John, one more thing. I want to talk about, you know, the big, beautiful bill passed the House last night. Right. And there’s a Medicaid cut, you know, there’s provision to cut. By the way, it’s a tiny cut. You know, it’s, well, it’s $880 billion. That’s a 10-year cumulative total, which is only… Which isn’t much. That’s right. $88 billion a year for 10 years.
SPEAKER 05 :
That’s right.
SPEAKER 09 :
Now, in theory, states are supposed to pick up 10%. The federal government picks up 90%. But here’s the scam that states have been doing. Most of the blue states have imposed a provider tax on nursing homes and hospitals. It’s like an excise tax, you know, like they do with some of the marijuana stores. Well, if you want to operate a nursing home in our state, you have to pay a special tax. Even though you’re a nonprofit, you still have to pay like an operator’s tax.
SPEAKER 05 :
Correct.
SPEAKER 09 :
Well, they’ve been raking in tens of millions of dollars in provider fees. But those fees don’t go into the Medicaid account. They go into the General Tax Revenue Fund. For that state? For that state. Now, meanwhile, but then the state says, but don’t worry, we’re going to reimburse you. In many cases, John, they’re reimbursing them for Medicaid services at two and a half times the rate that they pay for Medicare. So in other words, if you’re a Medicare patient and you go into the hospital with a cut on your forehead and you need stitches, Medicare might pay $300 for that treatment. If a Medicaid patient goes in, by the way, Medicaid is administered by the states. The states said, well, if you charge Medicare $300 to stitch up that cut, we’ll pay you $750, two and a half times the Medicare rate. Now, that $750, then they turned around to the government and said, hey, we just paid a claim for $750, and you’ve agreed to pay 90% of that. So please send us a check for $675 for that medical service. But in the meantime, their true net cost, when you net out the provider fee, their net cost was only about $450. And so both the provider and the state are making money literally on every single dollar. Hand over fist. So states should not be making a profit. Nope. Because, now, if they were to apply those provider fees into their Medicaid account, That’d be different. It’d be different, but no, they’re taking the provider revenue into a general fund and only showing the cost, and then they say to the federal government, well, you’ve got to give us 90% of this inflated number that we voluntarily agreed to pay them two and a half times the going rate for this service, and you need to give us back 90%. Meanwhile, and even Joe Biden was aware of this, and even Biden referred to it as a tax scam. It’s going on, so can states live with a 10% cut to federal federal reimbursement of Medicaid, absolutely.
SPEAKER 05 :
They can. Absolutely. They can.
SPEAKER 09 :
It’s not a problem.
SPEAKER 05 :
Great point, Joe. All right, man, I’ll let you go. Talk to you next Thursday, sir.
SPEAKER 09 :
All right. Take care, John.
SPEAKER 05 :
You bet. Have a great night. Appreciate it. Jersey Joe. And he’s got his own podcast, Jersey Joe Podcast, which, you know, we probably should put some links on our account to that. I’ll do my best to get producer Andy to get that done. Geno’s Auto Service coming up next. And, again, don’t forget, Geno starts with a J. Find them at genosautoservice.com.
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SPEAKER 05 :
This is Rush to Reason on KLZ 560. All right, we are back. Scott Garlis joining us now. Scott’s in the middle of coaching a game, but Scott, thanks for joining us. How are you, sir?
SPEAKER 07 :
Hey, John, I’m well. How are you? It’s actually just a practice, not a game.
SPEAKER 05 :
Okay, just a practice. Well, good, and again, appreciate guys like you doing what you do along those lines. That’s a great thing to do, so thank you for doing that as well.
SPEAKER 07 :
Thank you, man. I love it.
SPEAKER 05 :
All right, talk to us about the bond yields and what’s happening there. I’ve got my own thoughts, but give me yours.
SPEAKER 07 :
Yeah, so what we’ve seen in the last week really is bond yields shot back up to like 4.6%. You know, there are a bunch of different stories going around. One of the big ones is that the U.S. is going to default on its debt, which, by the way, is against the Constitution.
SPEAKER 05 :
Can’t do that.
SPEAKER 07 :
Yes, you cannot do that. Secondly, you know, there’s another story there. It’s because of things going on in Japan that Japanese bond yields are surging. So U.S. bond yields are going to have to keep going higher to keep pace. And, you know, I think that’s a bunch of garbage, too, because, you know, if you look at the Japanese bond yields, it’s 1.5% because the Bank of Japan owns all their bonds. And then one of the big arguments out there is, well, the U.S. debt-to-GDP ratio is 122%. Well, Japan’s debt-to-GDP ratio is 220%. If you’re literally worried about buying a country’s bonds because they’re high debt-to-GDP ratio, why would you be buying bonds in Japan?
SPEAKER 05 :
You wouldn’t.
SPEAKER 07 :
Exactly. And then the other big story is the spending bill that’s working its way through Congress right now just passed the House. The only thing I would say there is, When Trump got elected, the story was it was going to be $4.5 trillion in deficit spending. But now the number that got through the House last night was $3.5 trillion. I’m not saying that’s ideal, but that’s a trillion dollars, 25%, 20% less. than the expectations coming in.
SPEAKER 05 :
Again, these are all guesstimates when it’s all said and done. As you know, Scott, if you get the economy cranked up and you get some other things going that Trump has talked about and some of the investment that other countries have talked about doing here and so on, the reality is that number could be a lot less. Those are nothing more than guesstimates.
SPEAKER 07 :
Yeah, I mean, the bigger thing I would point to with all this is, So there are a lot of hedge funds that are building up big shorts in the stock market and the bond market in anticipation of all this. And actually what’s been happening is their shorts have been going against them, especially in the stock market right now. The stock market’s rebounded 20% from the lows. So, you know, I think those guys want to push their story to try to get their positions to start working. I agree. David Tepper has like a $2.5 billion stock. That’s $2.5 billion worth of short exposure at the moment based on some options plays. Yeah, I mean, that would be a problem.
SPEAKER 05 :
That would be. Okay, here’s a thought that I’ve got on just interest rates in general, some of what you’re talking about, and so on. And bear with me and make sure I can explain this correctly. But to me… The only way that you’re going to get some of these things down, and as we know, if bonds go down, so does mortgage rates, and typically even the Fed looks at things, and lots of changes start to happen. So here’s my theory on all of that, and you tell me if I’m right, wrong, or otherwise. Number one, we’ve got to get our economy really cranking, which I do believe some of those things even happening with the spending bill, if it passes through the Senate and so on. I do believe there’s a lot of things in motion right now, including some of what’s even gone on with tariffs that will stimulate the economy and get some things moving forward in that right direction. I also feel like, Scott, if we get our economy rolling along well enough, you’re already starting to see, because of some of the tariff deals, what’s happening in other countries, meaning their economy won’t do as well as ours, meaning they’ll have to inject money into their economy, meaning in a lot of cases their interest rates may actually continue to come down, much like they did during Trump’s first term. And as other countries… rates come down. Ours can as well, because people would rather invest in the U.S. than they would other countries, but they will in other countries if the rate is very similar, even a little bit better in other places. So the goal is, how do we make other economies and other countries worse than ours, so at the end of the day, their interest rates actually go down, therefore ours will as well. Am I correct?
SPEAKER 07 :
Yeah, yeah. I mean, look, These other countries like the European Central Bank has been cutting rates a bunch. Canada has been cutting rates a bunch. The Fed’s the only one that… Well, Japan is because they had negative interest rates.
SPEAKER 05 :
They went the other way. That’s right. That’s right.
SPEAKER 07 :
Yeah, they’re trying to get some sort of interest rate back. But the U.S. is the only one, the only major economy that’s been the real outlier. We started to cut rates, and now we’ve stopped because they’re saying tariffs are going to make inflation show up. Well, so far… we haven’t seen the inflation show up yet. That’s right. And when it came in for April, the argument is, well, wait till you see the numbers for May. Well, guess what? I just ran the gas numbers for May, gasoline prices.
SPEAKER 05 :
Right.
SPEAKER 07 :
They’re down like 13% last year.
SPEAKER 05 :
That’s right.
SPEAKER 07 :
So along your line, Scott, even if…
SPEAKER 05 :
some goods that people would buy at walmart let’s say are up you know 10 they don’t buy near as many goods at walmart weekly as they do gas so overall they’re still spending less correct that that is correct and so to your point of what you’re saying earlier as you know these other countries get get their uh interest rates down you should see the same thing with the u.s just
SPEAKER 07 :
just from a competitive standpoint.
SPEAKER 05 :
And the reason why I say I think, Scott, some of these other countries may have some struggles along those lines is with some of the tariff deals that are going on right now. Keep in mind that some of them were collecting a lot of money in tariffs from countries From, again, I get it, there’s the importers that are coming in, but at the end of the day, they’re still collecting a lot of those tariffs that are offsetting some of their costs, if you would, at the end of the day, as government goes. And the reality is some of that’s not going to be coming in like it once was, meaning that that’s going to be a hit to their economy.
SPEAKER 07 :
This is true. I mean, in fact, the U.S. last month, I think it saw the most tariff revenue it’s ever collected.
SPEAKER 05 :
Right. That’s right. Now, really quick, along those lines, and I said this during the 3 o’clock hour where this is where me and tariffs are a little different than most. Even with the big Trump tax bill, the big bill that’s going through right now. Unfortunately, Scott, and this is where I have a complaint with. these particular bills, and even the first tax cuts that Donald Trump did. Unfortunately, we in this country have about 46% of Americans that pay zero taxes, zero income taxes, which I don’t agree with, by the way. I think everybody needs to pay some of their fair share. Now, what Trump is doing in regards to tariffs actually make them pay some tax. Yeah, they’re paying it to Walmart, but at the end of the day, they’re paying some tax that they otherwise would not be, meaning they’re now going to be net taxpayers, not net tax receivers.
SPEAKER 07 :
Well, correct. And, you know, the other problem, like, or not problem, but one of the issues I have with that parable that you’re talking about, too, in terms of, you know, 46% don’t pay taxes. You know, of the 54% that do, the bulk of that’s coming from the top end. That’s right. And there’s this whole parable, like, we want rich people to pay their fair share. Well, rich people are paying most of the taxes.
SPEAKER 05 :
Right. That’s right. Exactly.
SPEAKER 07 :
And it’s just it’s a false narrative.
SPEAKER 05 :
That’s exactly right. No. And so, again, I look at a lot of what’s going on right now. And, yes, it’s not going to happen overnight. It takes a little time for things to work out. There’s one particular party that would not want to see these things actually work out. They want to be you know, they want to do anything they possibly can to throw a monkey wrench into things, although I don’t think they can. I do think as time goes by. These things that you and I are talking about right now will work their way out. I do think there’ll be a positive effect when it’s all said and done. If you can just get people to relax a little bit and realize that it’s all going to be okay at the end of the day, and as you and I are talking about, Scott, as we put more economic pressure on other countries because our economy does really well and theirs isn’t, that will, in fact, bring interest rates and that end of things down.
SPEAKER 07 :
That is correct, and that’s why you’ve seen China already come in. They’re looking to make a deal because their economy had so much trouble coming out of the first go-round, and now they’re seeing the same thing again. And there’s another narrative that’s being pushed right now in the media is that Europe isn’t interested in striking a deal with the U.S. Well, news came out just yesterday that Europe’s getting ready to present the U.S. with a new offer for a tariff deal. They want to They want to work a trade.
SPEAKER 05 :
They don’t have a choice. Scott, as we keep talking and I can’t tell you how many people I’ve reminded of this. We are the biggest customer in the world. These countries can’t do what they do without us. We’ve never leveraged that before like we are right now. Shame on us, by the way, for not doing so, because I can tell you what, Scott, my big customers leverage their things on me on a continual basis. Why have we never done that as a country?
SPEAKER 07 :
It’s fair. I mean, if the end goal is very low or zero tariff trade, great. Everybody should be breaking down their tariffs so our goods are able to trade freely all over the world and our companies do well.
SPEAKER 05 :
The problem with that, Scott, as you know, is other countries are still going to lose revenue when it’s all said and done. That’s the biggest reason why some of these folks didn’t want to come to the table. But what they’re also realizing is, hmm, if we get no trade, there’s no revenue. So you know what? A little bit less revenue is still better than zero. Yes, yes. And these countries are now starting to realize that. And, again, you can thank, you know, the likes of Donald Trump and the advisors that are around him and so on. And what I’m struggling, Scott, is, and you know my feelings on the Fed, is where I’m struggling is why can’t the Fed figure out what I just said? Or, you know, have they and they just don’t want to admit it? Which is it?
SPEAKER 07 :
You know, I think it’s some of them have and they just don’t want to admit it. You know, one really interesting thing is, The one guy I respect the most right now is Christopher Waller. Christopher Waller was the head of the St. Louis Fed or the head of St. Louis Fed research. And again, pre-pandemic and post-pandemic, they did some of the most incredible economic research and forecasting of anybody out there. They called the whole rebound. They called everything. Waller said, look, if we have 10 percent tariffs across the board with everybody, the Fed should be able to cut rates. No problem.
SPEAKER 05 :
And by the way, I don’t see that not being a target that can’t be reached.
SPEAKER 07 :
I agree. And so I think that’s where we’re headed. And I think that’s kind of the end goal. And so if we get there, then, hey, the Fed can start cutting rates again.
SPEAKER 05 :
Yeah, and I can see that. I can see that out on the horizon, and I’m with you. Now, here’s a question for you. How does that affect a lot of these folks you talked about earlier that have hedged the other way?
SPEAKER 07 :
That’s going to be a problem. And so… I’m a fan of buying the S&P 500 right here, and if you want just an easy way to do that is the State Street Global S&P 500 ETF, SPY, because all those guys that are short the stock market right now, they’re going to have to cover that short, which means they’re going to have to buy back in all that stock, and then they’re going to want to go long, so they’re going to want to buy even more of it, and all that’s going to do is fuel the rally, and what it’ll wind up doing is taking the stock market above the all-time highs that were set back in February.
SPEAKER 05 :
Gotcha. I don’t think that’s too far out, to be honest with you, Scott. I think we’ll see that within the next couple of months.
SPEAKER 07 :
Could be late summer, yes.
SPEAKER 05 :
Yeah, yeah. Okay, Scott, get back to your practice. I appreciate you taking time out of your day for us.
SPEAKER 07 :
John, thanks for your time.
SPEAKER 05 :
Really quick before I let you go, how do folks find you?
SPEAKER 07 :
Oh, sure. You can find me on LinkedIn, Twitter, or Substack. C. Scott Garlis.
SPEAKER 05 :
Appreciate you, man. Have fun. Thank you. All right, man. And up next, Roof Savers of Colorado, where if you’ve had any issues at all, storm-related especially, do not talk to your insurance company. I mean that. Don’t call them yet. Get your roof and everything looked at first by Roof Savers of Colorado. Do not let the storm chasers, the door knockers come in. They will make you sign things that absolutely you do not want to sign, period. So never sign anything. Talk to Dave Hart first before you do a single thing. 303-710-6916.
SPEAKER 02 :
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SPEAKER 05 :
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SPEAKER 10 :
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SPEAKER 11 :
The best export we have is Common Sense. You’re listening to Rush to Reason.
SPEAKER 05 :
All right, we are back. Appreciate Scott Garlis again joining us as he did. Today was not his normal day, but I appreciate him making some changes this week, and you can hear he’s in the background. He volunteers and does some coaching and so on, so I appreciate him taking time for us. Okay, I saw today that Mayor Mike Johnston, he’s the mayor of Denver, city of Denver. is basically admitting or saying that there’s been no growth in Denver, doesn’t predict any growth in Denver. So no growth for 2025. He doesn’t predict any growth for 2026 either. I think I’m saying that right, Charlie, or was it 2024, 2025, or 2025, 2026? Anyways, two years, he’s predicting no growth. We’ve had no growth, in fact, even a retraction, if you would, and no future growth. Now, Mike, this isn’t that difficult. If you’d like me to consult you on how to make more growth in Denver, I am more than willing to sit down and have a chat and tell you what you’re doing wrong and why you have no growth in Denver. This is really not complicated. I literally, in an hour-long conversation with you, I’ll have everything prepped on the front side. I’ll bullet point the way it needs to be done. And I can show you how to put growth back into Denver in a very, very minimal amount of time. First things first, by the way. Clean up your homelessness. First and foremost. Stop catering to them and stop catering to the illegal aliens that come into this town. Those two things alone will encourage growth in Denver itself. Clean up the city, in other words. It’s that simple. This is not rocket science. Mike, you are the mayor. I know you’re not a dumb man. You have the ability to do what I just said. Why don’t you? But instead, you’ll let things flounder along and complain about no growth and this, that, and the other, and you’ll blame it on everything under the sun, including Donald Trump, and it’s his policies, and it’s this, and it’s that. Yeah, but you and Polis run the state, basically, and you guys are in charge, and if there’s no growth, you can’t blame that on the federal government and on Donald Trump. This is on you. You and Polis. You guys have the power to do the very things I just mentioned. Fix it. Not complicate it. But here’s the thing, you won’t, because you like whining and moaning and complaining and blaming on everything but yourself. Go look in the mirror. This is on you. Which, by the way, Mike, I want to remind you, you ran on cleaning up homelessness. Am I right, Charlie, on that? He ran on being mayor of Denver and cleaning up homelessness. That was his 180-day plan or whatever it was. Yeah, 100-day, sorry, 100-day plan. That was it. We’ve we’ve way gone past 100 days and he didn’t clean it up. You failed, Mike. You failed miserably. In fact, the homelessness problem across the front range has gotten so bad that it’s now in a lot of the suburbs and so on. And those towns aren’t doing anything about it either. And they need to. My feeling is give them all a one way bus ticket somewhere else. Literally, it’s that simple. Mandate they leave. We’re no longer going to put up with things. Run them out of town anytime they start to set up a camp. It’s that simple. Get rid of them. You guys can tell I have no sympathy for the homeless at all. Zero. Zilch. Go get a job. Yes, I understand. Some of them have big problems mental health-wise and so on. But I also know that multiple places in this whole Front Range area, they can go and get help for free. Get straightened out. Get off the drugs. Get off the alcohol. Get themselves straightened out. We have many a program in this town to help those individuals that truly want help. Right, Charlie? Yes, we do. Many. Here’s the key. They don’t want to. It’s easy being homeless. And I’ve said this before, too. In a lot of cases, they’re not homeless. They panhandle and they make it look like they’re homeless, but they’re not. That’s a different story. Those people are not camped out in the camps and throwing their junk and feces and so on all over the place. Those aren’t the people that I’m talking about. The people that I just mentioned, they need to run out of town, period. Get a job. You’re not going to stay here anymore. This isn’t going to be how it’s going to work. We’re going to clean up the city. Because, by the way, just cleaning up the city, taking care of the two problems that I’ve mentioned, homelessness and the illegal migration to Denver. You clean those two things up, and the retail will flourish. People will come back to downtown. They’ll spend money again. It’s really simple, Mike. This isn’t that complicated. Again, I could give you a three-fold plan how to implement it and help you get it done, and it would change overnight. But you won’t do it because you’re too stubborn and too stupid to actually do that. I’d love to talk to Mike one-on-one. I wouldn’t even do it on air. Just a one-on-one conversation off air, find out where his head is, and help him with this because it’s not that complicated. So we’ve got to take a break here in a couple of minutes. We’ve got one call coming in that I’ll make very quick because we’re short on time here with where we’re at as far as the rest of the hour goes. Dan, go ahead. We’ve got a couple of minutes. Go for it, sir.
SPEAKER 08 :
Just like individuals, governments enable people to be homeless and to continue in their
SPEAKER 05 :
Yep.
SPEAKER 08 :
And they don’t know how to not enable them because they want to be compassionate. But the most way to be compassionate is to stop enabling them. Yep, that’s exactly right, Dan. You say kick them out, but it’s like, okay, you want to be here in Denver, you’re going to have to do certain things, and we’re not going to let you do… What you’re doing, and that’s the enabling that they’re doing by letting them set up these camps and stuff.
SPEAKER 05 :
Dan, it’s no different than letting your child that is an adult that should be out on their own. They finished college. Who knows what the situation is, but they’re done with everything. It’s no different than letting them live in your basement. You’re enabling them to live in the basement.
SPEAKER 08 :
Yep.
SPEAKER 05 :
No different.
SPEAKER 08 :
They need to learn to stop. That’s right. Oh, I’m losing you.
SPEAKER 05 :
Dan, I’ll let you go. I appreciate it very much. We’re up against a break anyways. Thank you. I appreciate your vote of confidence, and you’re exactly right. Enabling them is not helping them at the end of the day. Golden Eagle Financial up next, by the way. Al Smith, would love to help you with your future finances, much like we talk to Scott on a daily or weekly basis. You can talk to Al anytime you want. 303-744-1128.
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Golden Eagle Financial will help ensure that your nest egg will last. Advances in medical science have helped Americans live longer, which is wonderful. But where retirement advisors used to plan for about 15 years of income, today retirees live much longer. That means you’re going to need more money for more years of living an amazing retirement. Sure, there are programs to bridge that gap, like Medicare and Social Security, but that’s not the fulfilling retirement that you’ve always dreamed of. Al Smith and Golden Eagle Financial use financial strategies with guaranteed lifetime income to stretch your principal to last longer so you can do more of the things you want to do in retirement. Like vacations with your kids, helping others, or giving to your favorite charities. People like you who are well prepared will have a more fulfilling, stress-free retirement. We’ll be right back.
SPEAKER 05 :
All right, if you need legal representation, we’ve got you covered. Kevin Flesch, criminal, civil, Kevin can do either. Call him today, 303-806-8886.
SPEAKER 19 :
Here’s why you need personal injury attorney Kevin Flesch on your side. He understands the way the jury thinks. In the context of a personal injury case, you’ve been hurt by someone else’s negligence. The idea is that you’re going to try to recover so that you can get back to where you were just prior to that incident occurring. What that really means from a jurist’s perspective is that you’re going to be asking them to award you money. So when we talk about fairness, we’re talking about six people that you don’t know. Those six people view the evidence and make a unanimous decision that will decide what the fair value is. When you’re the one who’s hurt, you have a good idea of what you think it’s worth. The question is, can you persuade those other individuals whom you don’t know and were witnesses to believe that’s what the case is worth? Kevin Flesch understands the way the jury thinks. Call now for a free consultation, 303-806-8886.
SPEAKER 05 :
All right, if you’re looking for a great medical provider, doctor, I should say, Dr. Scott is that doctor. 303-663-6990.
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Are you tired of crisis care and instead want true health care? Do you want to improve your overall fitness and beauty? Do you have a chronic medical condition that no one has taken the time to understand? Are you trying to meet a health or weight goal? Or maybe you’re just looking for a great doctor who thinks the way you do. Dr. Scott is a board certified internal medicine specialist, bringing decades of experience and expertise to the table. Dr. Scott is a true advocate of the latest advancements in health care. That’s why he uses umbilical derived stem cells, which have been clinically proven to be the most potent stem cells available. Worried about being lost in the crowd of impersonal health care? Fear not. Dr. Scott is a big picture doctor, not beholden to big pharma or big insurance like some other providers. He takes the time to understand your unique needs and will customize your health care to fit you, your body, and your lifestyle. Reach your full potential and achieve your goals. Call Dr. Scott today at 303-663-6990 or visit him online at castlerockregenerativehealth.com or find him at rushtoreason.com. Dr. Scott Faulkner and Castle Rock Regenerative Health Care is your path to a healthier tomorrow.
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SPEAKER 11 :
It’s time to leave your safe space. This is Rush to Reason on KLZ 560.
SPEAKER 05 :
All right, wrapping up for today. One last thing about the city of Denver. In their illustrious wisdom, they have renamed 16th Street Mall 16th Street. Yep, that’s going to revitalize things, get people back downtown, get some growth back in for Mike Johnston. No, folks, not going to do anything. Yeah, they spent $200 million and were renaming it 16th Street. I mean, give me a break, folks. Anyways, that’s it for tonight. Have a great evening. Be safe out there. Rush to Reason, Denver’s Afternoon Rush, KLZ 560.
Tariffs, Tangles, and Tinfoil Truths
Jersey Joe returns with political zingers and intel that’ll make your blood pressure spike. From Biden’s babbling testimony to Pelosi’s public short-circuit, John and Joe ask: who’s really running the country? They dig into Chinese spyware hiding in solar inverters, the fifth-largest employer in Mexico (spoiler: it’s not Taco Bell), and Medicaid scams that make Robin Hood look like a rookie. Plus, interest rate conspiracies, economic smackdowns, and Mike Johnston’s brilliant idea to rename 16th Street… to 16th Street. Buckle up, it’s a circus.
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