Ep. 2051 - The Federal Reserve Rides To Kamala’s RESCUE! episode artwork

EPISODE · Sep 19, 2024 · 1H 2M

Ep. 2051 - The Federal Reserve Rides To Kamala’s RESCUE!

from The Ben Shapiro Show · host The Daily Wire

The Federal Reserve cuts interest rates half a percent, just in time for the election; the Teamsters Union refuses to endorse Kamala; and Israel unleashes a second round of targeted hits on Hezbollah.   Click here to join the member-exclusive portion of my show: https://bit.ly/3WDjgHE   Ep.2051   - - -    DailyWire+:   From the white guys who brought you “What is a Woman?” comes Matt Walsh’s next question: “Am I Racist?” | IN THEATERS NOW! Get tickets: https://www.amiracist.com   Watch Jordan Peterson’s new series, Depression and Anxiety. Ep 1 available now, exclusively on DailyWire+: https://bit.ly/4dchGRx   Get your Ben Shapiro merch here: https://bit.ly/3TAu2cw   - - -    Today’s Sponsors:   PureTalk - Get one year free of DW+ Insider: https://www.PureTalk.com/Shapiro   PreBorn! - Help save babies from abortion: https://www.preborn.com/Ben   Roman - Get $15 off your first purchase! https://www.Ro.co/Ben   Responsible Man - Be the man America needs you to be. Shop Responsible Man, and get an exclusive discount with code SHAPIRO at https://responsibleman.com/   Grand Canyon University - Find your purpose at Grand Canyon University: https://www.gcu.edu/   - - -   Socials:   Follow on Twitter: https://bit.ly/3cXUn53   Follow on Instagram: https://bit.ly/3QtuibJ   Follow on Facebook: https://bit.ly/3TTirqd   Subscribe on YouTube: https://bit.ly/3RPyBiB Learn more about your ad choices. Visit podcastchoices.com/adchoices

The Federal Reserve cuts interest rates half a percent, just in time for the election; the Teamsters Union refuses to endorse Kamala; and Israel unleashes a second round of targeted hits on Hezbollah.   Click here to join the member-exclusive portion of my show: https://bit.ly/3WDjgHE   Ep.2051   - - -    DailyWire+:   From the white guys who brought you “What is a Woman?” comes Matt Walsh’s next question: “Am I Racist?” | IN THEATERS NOW! Get tickets: https://www.amiracist.com   Watch Jordan Peterson’s new series, Depression and Anxiety. Ep 1 available now, exclusively on DailyWire+: https://bit.ly/4dchGRx   Get your Ben Shapiro merch here: https://bit.ly/3TAu2cw   - - -    Today’s Sponsors:   PureTalk - Get one year free of DW+ Insider: https://www.PureTalk.com/Shapiro   PreBorn! - Help save babies from abortion: https://www.preborn.com/Ben   Roman - Get $15 off your first purchase! https://www.Ro.co/Ben   Responsible Man - Be the man America needs you to be. Shop Responsible Man, and get an exclusive discount with code SHAPIRO at https://responsibleman.com/   Grand Canyon University - Find your purpose at Grand Canyon University: https://www.gcu.edu/   - - -   Socials:   Follow on Twitter: https://bit.ly/3cXUn53   Follow on Instagram: https://bit.ly/3QtuibJ   Follow on Facebook: https://bit.ly/3TTirqd   Subscribe on YouTube: https://bit.ly/3RPyBiB Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Ep. 2051 - The Federal Reserve Rides To Kamala’s RESCUE!

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So you remember that time that Kamala Harris was the greatest candidate since ever, she was brat and she was awesome and she was vibes and then she won this stellar debate against Donald Trump and the race is still totally deadlocked. We'll bring you the latest on that momentarily. First, your reminder, MIRASIS is the number one new comedy in America. It is now playing only in theaters, get tickets and show times for your local theaters right now at MIRASIS.com and show the left that they don't just control everything, they don't even control their own preserves and domains like Hollywood.

Alright, so, brand new set of polls out with regard to the swing states. Bottom line is they're very, very tight, very tight, totally unclear, exactly who is winning in the various swing states. Again, if you look at that real clear politics polling average, which seems to lag just a little bit in some of the indicators, every single state, every single swing state is within the margin of error. Georgia is Trump plus two, Pennsylvania is Harris plus point seven.

However, a brand new Washington Post poll shows Trump effectively tied with Kamala Harris. When you look at a poll and it says Trump 47, Kamala Harris 48, Kamala Harris 47, these polls are not to the level of exactitude that actually means anything other than this racist hide. That is what a margin of error is. A margin of error just means that there is in fact a margin in which the error is covered, meaning that if it's a three point margin of error and says the Trump's 47%, theoretically, he could be at 44 and theoretically he could be at 50.

It is totally unclear where that race is. So numbers that are within the margin of error don't actually mean very much. And pretty much all of these polls are within the margin of error. The Quinnipiac poll by contrast has Pennsylvania at Harris 51, Trump 45, Michigan at Harris 50, Trump 45, but Wisconsin at Harris 48, Trump 47.

Now remember if Trump carries North Carolina, Georgia and Arizona and then he picks up Wisconsin, he still wins the election. So what that means is that this race is as tight as it is possible for a race to be tight. By the way, some of these Senate races starting to tighten up as well. The same Washington post poll that shows a tight race between Donald Trump and Kamala Harris shows a one point center race between Bob Casey, the incumbent Democratic Senator from Pennsylvania and Dave McCormick, the Republican challenger.

Again, the presidential results according to the Washington Post are similar to the average of recent polls which shows Harris with a three point edge in Pennsylvania since last week's debate, Harris led Trump by six points in a Quinnipiac University poll in Pennsylvania of the three point edge in USA Today's Suffolk poll. America's college polls show the race side. So yeah, these polls are showing that nobody really knows. It's very difficult to model an electorate in which Donald Trump is a candidate on the ballot, which is why they systematically been sort of under sampling from voters for years.

Maybe they're now measuring the other way. It's really impossible to tell until we get to election day, which is why voter turnout machine is kind of the only thing that matters at this point. Very few opinions are going to switch. If they do switch, they will likely switch in favor of President Trump.

Kamala Harris is not doing amazingly with independence. There's some conflicting poll data, Fox News polls shows that she's not 12 with independence, but a Gallup poll shows she's down 25 with independence. Bottom line is people don't know anything about her and she's trying to keep it that way. So if it comes down to the undecideds, decent shot that Trump wins, if the turnout is good, if the Trump team does the turnout work that they need to.

With that said, the race is getting tighter in many of these swing states, not less tight. So Nate Silver, who has had Trump fairly well ahead in sort of his forecast for the election, not in terms of the polling numbers, but in terms of what he forecast will actually happen. Right now, it's a dead heat. He says that the electoral college probability of Trump winning the electoral college is 52%, Harris at 47.6%, which is effectively a dead heat.

Right now, if he had to predict the number of electoral vote, however, Kamala Harris would probably win. So it's all a mess. His formula is being thrown off by the closeness of these polls. And remember, the importance in this race for Kamala Harris and Tim Walz is avoid interviews at all costs.

Do not show who you are. Try to hide it, which is pretty good indicators you can get terrible President. If you have to hide what you're going to be when you're President of the United States, and you're currently the Vice President of the United States, this indicates you are a bad candidate. By the numbers, Harris has been a candidate.

This is going to Axios, which is an allied media outlet for the Democratic administration. Harris has been a candidate for 59 days and Tim Walz for 44 days. During those 59 days, Donald Trump and JD Vance participated in more than 70 interviews and press conferences with TV and print reporters. Harris and Walz have taken part in seven.

In seven. JD Vance alone has participated more than seven times more interviews and press conferences than Harris and Walz combined during that time. Harris has done a grand total since July 21st of one local TV interview, one national print publication, one national TV interview, and zero press conferences, zero. The entire goal of the Harris Walz campaign is to hide Kamala Harris and hide Tim Walz and hide things from you.

That's also true of your cell phone companies. So the people who are providing coverage, they are attempting to blow up your pill by selling you a bunch of data you don't actually need. Those big phone providers, they want you to believe you need unlimited data so they can continue to charge a lot of money. Here's the facts.

Most of you are buying way more data than you will ever need. With PureTalk, my cell phone company, you can choose how much data you actually want and you can save. I don't have a question of this. For just 35 bucks a month, you can get unlimited talks, texts and 15 gigs of data plus mobile hotspot on America's most dependable 5G network.

You can do that much data, you can browse the Internet for 500 hours, you can stream 3,000 songs, you can watch 30 hours a video, that's if you're not even on Wi-Fi. Here is the best part. When you switch your cell phone service to PureTalk on a qualifying, you can get one you're free of Daily Wire Plus inside, which is an awesome, awesome deal. That's access to the full library of D.W.

Plus movies, series and documentaries including Lady Ballers, what is a woman, Mr. Bolshevik and one hide fight plus, Uncensored, ad free daily shows, one you're free of our kids platform, Benky and your very very own free, leftist tears and tumbler, then we can do that. puretalk.com slash apparel call or mention my name stop over paying for yourself and plan right now but your talk on special today switch that qualifying plan and when you're free of daily where plus insider they're trying to hide her they're actually running the Biden basement strategy with Kamala Harris now there are people in left for saying put her out there more you know the more people see her the more they like it wrong the more people see her the more they dislike her because she's annoying and irritating about this and at least Harris is team is smart enough to know that so they're trying to hide her behind glass I do not let her out whatever you do it's pretty amazing I mean even ask you to acknowledge she's bad at this what some of Harris's worst moments as vice president have come during interviews when she made flip or unclear statements about key policies her campaign is trying to avoid more comments like that oh you mean talking you mean I think you're talking about talking right now so they continue to try and gas this this vehicle through the election on vibes alone so for example MSNBC guest Brigadier General Steve Anderson he's the one who just the other day was calling for Nazi says that the really important thing about Kamala Harris when it comes to foreign policy is that she comes from an interracial marriage well I mean congrag to frickin lations that talk about things that you cannot actually control turns out you can't control who your parents are in fact they pre-date you there's no shame people all over the world look at products and interracial marriages and they're like well they'll probably be a better president than a person who was not a product of an interracial marriage that's what we would call stupid talk and yet that's exactly this is very reminiscent of when they just handed Barack Obama the Nobel Peace Prize after he was elected in 2008 because he was a black president of the United States and even Obama was like what's this I didn't know anything yet and turns out he was very bad for peace but here's the MSNBC guest saying that Kamala Harris's mixed parentage is just a boon to the world or something stupid like that she's an inspiration not only she does you bring hope and optimism but as a black woman the product of a mixed marriage she will inspire millions of people throughout the world are credibility as a nation that we would be able to allow our country is so great that we're allowed a woman like that to become the commander chief the president of the United States that is gonna say a powerful message all over the world people like Vladimir Putin are gonna say hey wait a minute these guys you know they truly have democratic country they truly are representative they truly are fighting for all their people in Kamala Harris as a manifestation of that what Bob right so Vladimir Putin is sitting around the ground and I'm like oh look they make black woman president amazing powerful democracy because she's black as though Vladimir Putin has never seen a black person before what what what in the what in the f so this is what they got and here's the thing of course they have to keep her away from the cameras because she's awful and Kamala Harris is switching accents more often than she switches positions at this point which is to say a bit an awful lot so yesterday she gave us the congressional Hispanic caucus and she dropped a new accent which was interesting I didn't know that she had a stereotypical teen accent that's exciting I love you back your number for sick leave you better thank you for paying me you better thank you and your number for vacation time hello my divine she does not have any core to her at all at all it's not me saying she's not a black person of course she's a black person her father was black her mother was Indian those are just facts that predate her birthday and have nothing to do with her character or whether she'll be the president when somebody switches accents that often it's a little weird if somebody did that in your life like every time they went into it's most patronizing thing your number one Donald Trump was ripped up and down because I'm single to my own he's read out a photo of himself eating a taco bowl and saying I love the Mexicans because Taco Bell's everybody's like that's ridiculous that's hilarious and ridiculous Kamala Harris tries to become a member of every population she speaks to so she's speaking to white people it's like Dave Chappelle when he's pretending to be a white person on SNL like 20 years ago and when she's speaking to black people suddenly she's talking like Michael Eric Dyson and when she's talking to his bandic people suddenly she's dropping into dialect that she picked up from like a 1990s episode of LA law or something it's bizarre I mean what the what what and they're still trying to leave this into an actual case for her Elizabeth Spears who is just another awful opinion writer from the New York Times and that man they have a stable opinion writers it's like they've got Secretariat Man of War like every great horse in history of awful opinion writers awful opinion so Elizabeth Spears has a piece titled the real reason the Harris twang is driving Republicans crazy I can tell you why it's driving people crazy because it's totally inauthentic because she's a phony and because she's a fake that is why and if anyone in your family did this you think they were sociopathic if you brought them to a series of dinner parties and they just started changing their accent you'd be like what in the actual F is happening right now who are you why are you doing this thing Elizabeth Spears suggests that the reason that the Republicans are upset with Kamala Harris changing her accent like this is because Republicans who think that white possibly racist working class people are their base might feel that a black Democrat using a stealing their stick or their votes that nailed it that that's what it is that's what it is it's not to be think she's an authentic a phony completely ridiculous it's that we are afraid that she's going to steal southern but yeah right I'm deeply worried that Kamala Harris is gonna steal southern votes she know wiped out in the south she got wiped out in south because of the red states and she's really really really leftist and she works for the administration that has made life emissory for an enormous number of people the inauthenticity is just complete with her so I'm not particularly worried about Kamala Harris stealing southern votes because of a southern accent one reason is because she is wildly pro-abortion wildly pro-abortion turns out most people in the south not wildly pro-abortion the Biden administration has decided that standing up for innocent life should be a criminal offense it seems that the fire left agenda now includes terminating lives even after birth this happened by the way despite their lives this has happened a multiplicity of times across the United States the baby is born during an abortion a procedure and then they want to decriminalize what happens next to the baby here's the thing we're not gonna stand for this pre-born is a long time sponsor of the show and they're fighting back they position their clinics in the areas with the highest abortion rates ready to support moms facing unplanned pregnancies let me tell you their approach works when a mom sees her baby on an ultrasound and experiences real compassion her likelihood of choosing life doubles now I know many of you listening up her life for just 28 bucks that's less than you'd spend on a dinner out you can sponsor an ultrasound that could save a life think about it 28 bucks that's all it takes to potentially change the course of not just one life but to the babies and moms so here's what you need to do dial pound 250 say it can be word babies pound 250 baby or if you prefer go to pre-born dot com slash men that's pre-born dot com slash men every donation is tax deductible is directly defending the defenseless let's show the left you know just talk about protecting life we actually do it I'm gonna show you more and more common hairs of this election goes on because frankly I think it's good that you get acquainted with a person who might actually become the president of the United States before you sign in before you sign on for a long period of time I feel you should have to spend a long period of time with this person before deciding that you'd like to hear this grating voice for another four to eight years leading the news every night and get ready gang so apparently again she's congressional Hispanic caucus and she said that she was in the streets again Kamala Harris is not in the streets she's not in the streets what are we even talking about she's the most white-collar person in American politics it's ridiculous she's a mid-day drinking wine mama in the streets give me a break here we go recently I was in Nevada I'm in these streets I'm everywhere I'm in these streets they're okay by the way it could only contain the laugh or so long the pathological joker lafter it's coming back and come back with the vengeance there's almost 50 days left in this election cycle she also drops knowledge on you such as knowledge that children of the community are children oh the community yeah with the hand mind and the community and the community children are children of the come what we call but you might know that's the community I grew up understanding the children of the community are the children of the community oh is that what you grew up understanding wow wow words of wisdom they're very very impressive meanwhile I do love that Hillary Clinton has now become the greatest spokesperson for Kamala Harris and a moment I'm going to explain why I think Kamala Harris actually has a very very very serious problem in this election that nobody is actually talking about one of the reasons because she has to try not to start it's like Hillary Clinton so here's Hillary Clinton who literally says it's a double standard to ask a common law about her policies a double standard why Trump doesn't get asked about his policies I mean he actually gets grilled about his policies and we doesn't know them people make fun of him Kamala Harris is running around talking about how the children are the children of the community the children here we go Hillary Clinton you know honestly God's justice comes for all and the fact that she was never president is just one of God's amazing jokes she's put out policies on her campaign website anybody who's truly interested can go and read about them she referenced policies she actually doesn't just have policies and concepts she has you know plans about what to do I think it's a you know it's a double standard and it's a double standard that is partly because they are still getting to know her but also because they're still grappling with the idea like oh am I really gonna vote for a woman to be president and commander in chief oh she's going back to that well now Tara credit Kamala isn't trying not to go to the I'm a woman hear me roar well her entire campaign is based on it it is inherently based on that which is why all of the men who surround Kamala Harris are inherently beta submissives that is their entire campaign persona Doug Amhoff is doing the dumb sitcom dad from 2005 Tim Walz doing the dumb sitcom dad coach from 2005 they're both doing the we are submissive to Kamala Harris routine it's really off-putting even the media by the way I'm getting a little tired of this routine Danabash who treated Kamala Harris with kid gloves when she actually had a chance to interview her even she was like you know what you could actually start a drinking game listening to Kamala Harris throw out those platitudes when you listen to Kamala Harris on what she will do you can almost start a drinking game every time she says small businesses well actually when you ask what she will do she immediately go she as I say she sounds like the beginning of David Copperfield chapter one I am born okay so what do I do about inflation but well I was born well congratulations to you madam abby Phillips of CNN again a Kamala even she's like yeah I haven't seen any specifics from Kamala Harris she's babbling on sensibly black journalists today at the NIBJ press president Kamala Harris on policies from guns to the war in Gaza but many of her answers lacked specifics and some Democrats like Hillary Clinton tell Karis Wisher that that's perfectly fine oh Democrats said that it's perfectly fine I can't believe it why it's almost as though she's just a face on the machine and it doesn't matter what she says her policies are because she'll push the same policies now here is the problem that I'm talking about when it comes to Kamala Harris and does come back to this inherent gender gap that her candidacy has created it's perfectly obvious by the way from the voting of the teamsters so the teamsters take a poll before they decide whether to endorse somebody yesterday the teamsters decided not to endorse anybody which is kind of a shock is typically the support the Democrat well there's an electronic poll the electronic poll earlier in this campaign when Joe Biden was the candidate before that Biden was ahead of Trump among the teamsters 46 to 37 with Robert F Kennedy at 5 percent right so 9 point lead for the Democrat with Kamala Harris in the race here is the actual result of the electronic poll 60 Trump 34 Harris a survey conducted via phone was similar 58 Trump 31 Harris so what could that be what could that be is that because they believe that Kamala Harris is significantly less pro-union than Joe Biden or is it because they believe because it turns out that voters are multifaceted union members don't just vote as members of a union they vote as fathers they vote as husbands they vote as as people who are members of their community in their church and they look at Kamala Harris and they say this is a person who sustains a masculinity this is a person who's part of a broader movement that suggests that masculinity is somehow toxic and that the only type of males who ought to be emulated are goofballs like Tim walls and do fi like her husband Doug Emhoff the fakest person in the campaign a peculiar soft spot for my in my dislike of Doug Emhoff given his faux jewelry but she trots out at every possible opportunity in any case there is something happening that's happening under the surface and sort of a reverse obama effect so back in 2008 people were real proud of Obama they were people were taking photos themselves in the voting booth voting for Barack Obama show all their friends how tolerant never they were with Kamala Harris there's a certain level of embedded dislike of Kamala Harris as a politician and people are afraid to say it because they're afraid they'll be perceived as intolerant but when they are quietly polled by their own union members for example they shift their viewpoint that is a massive swing and that is indicative of something and for some reason the teamsters swung from 37 percent for Trump to 60 percent for Trump a 23 point swing based on the switch out of Biden to Harris and everyone's been talking about the upsides of Harris the democratic enthusiasm talk they've been talking about the upside of Harris which is that people of color are gonna vote for her more with more alacrity than they would have Joe Biden but they're not talking about is the fact that Joe Biden actually had some crossover potential with particularly white blue color males and those people look at Kamala Harris and not for racial reasons but for the reason that her entire attitude is indicative of a belief in the sort of logic that Barack Obama used in 2012 that if you're a white person you're a white dude for Kamala that sort of attitude has a very negative implication for a lot of people in this country who don't feel comfortable with Kamala Harris a lot of guys by the way who felt comfortable Barack Obama in 2008 and didn't feel comfortable with him in 2012 and he actually lost some three million votes well dudes who've been completely disregarded by the democratic party but dudes have some unique problems that there are solutions to dudes you heard of rose barks this dual action prescription merges the powerhouse ingredients found engineer at Viagra and Cialis so then a fell into Dalaville into one formidable treatment it's not merely about inside the pills it's more about their mode of delivery rose barks leverages the benefits of sublingual administration meaning the tablet dissolves under your 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60 30 they support trump despite that the teamsters has were not willing to endorse Donald trump so the general executive board of the international brotherhood teamsters elected not to endorse any candidate for US president in data publicly released earlier in the day Joe Biden won the support of teamsters voting in straw polls but an independent electronic and phone polling from july to september a majority of voting members twice elected Trump for a possible Teamsters endorsement over Kamala Harris. This is an amazing statement.

Okay, so why didn't the union just endorse Trump? Quote, the union's extensive member polling showed no majority support for Vice President Harris and no universal support among the membership for President Trump. I mean, universal support. You didn't have to be 100 to zero.

What a joke the Teamsters union is. Seriously. I'm sorry, we can't just endorse the candidate that 60% of our population likes. That would be undemocratic.

It has to be 100%. In any case, it is a damaging piece of data for Kamala Harris who is trying to make a heavy case to the Teamsters. So how is she responding? Well, she's going and getting a bunch of old rhinos to endorse her.

A bunch of people that nobody cares about or has cared about in a very long time to endorse her former Republicans. You know, a bunch of people who switched to the Democrats years ago and now are sort of pretending that this is a brand new thing. Like, one got Adam Kinzinger, for example. Congratulations to Kamala on securing the endorsement of Johnny Graponte.

Wow, can you believe that she somehow achieved the endorsement of Christopher Shays? Wow, these Republican heavy hitters. And we are talking some real, some real heavy hitters here. William Weld?

No, you shock me, madam. She doesn't have cross over appeal. She's got people who hate Trump appeal. That's all.

And so what that means, that means that there needs to be in order to ensure Kamala is victory, some sort of outside force that pushes her to victory. Now, the problem for Kamala Harris in this race, there aren't going to be any more dates. There are very few events that would seem to cut in her favor. If something bad happens in the world that cuts against the current administration, if a large-scale war breaks out in the Middle East right now, that's not going to cut against Trump, that's going to cut against Biden Harris, because she's the VP who's failed to prevent it.

If there's an economic collapse, that cuts against Kamala Harris. If there's any piece of really bad data in the country right now, it cuts against the incumbent. Oh, because bad news always cuts against the incumbent. There's one piece of news that could be released emulated in order to try and help Kamala Harris and it happened yesterday.

So yesterday, the Federal Reserve cut the interest rates by half a percentage point. That is the boldest start in making its first reduction since 2020. 11 of the 12-fed voters backed the cut and brought the benchmark federal funds at range between 4.75% and 5%. Quarterly projections released Wednesday showed a narrow majority of officials penciling cuts that would lower rates by at least a quarter point each at the meeting to November and December.

They're going to start cutting and they wanted a heavy cut. They want a hard cut. Now the problem with that hard cut is that, number one, inflation actually has not gone down all the way to the 2% number that the Federal Reserve typically looks for. Two, the economy is still pretty hot, meaning that unemployment numbers are still not radically up.

So what are you doing? You're injecting more money into an economy that actually is not flagging enough to justify that size of a cut. You might make the case for a 25 basis, 1.25% cut, a 0.25% cut. You can make that case.

You can say, okay, you mean to gradually inject more money into the economy. Listen, my feeling is that interest rates should be free floating and not manipulate by the Federal Reserve at all. I think it's ridiculous. We have a centralized government agency that decides how much your dollar is worth based on a dual mission of reducing unemployment and keeping inflation down.

It seems to me that the free market should decide exactly how interest rates float. And sometimes the interest rates need to go up in order to clean out bubbles. And when that doesn't happen, you're going to have a growing bubbles and then eventually the bubbles burst to much worse effect. However, the notion that the Federal Reserve had to go 50 basis points here seems a little spurious.

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The federal governor, Michelle Bowman, descent against Wednesday's decision in favor of smaller quarter point cut. Bowman was appointed by Trump in 2018 and became the first governor to the Senate against an interest rate decision since 2005. It was the first to send by any voter on the rate setting committee since June 2022. This is just the sixth time in the past 30 years, the central bank switched from raising to lowering rates.

Usually when the Fed starts cutting rates according to the Wall Street Journal, it doesn't know whether we'll make a handful of small moves as it did in 1995 and 98, or whether it's the start of a longer series of reductions as in 2001 and 2007. So they're going to start lowering the interest rates again. There are a few reasons they're doing that. One is the United States government is borrowing money.

It's an unbelievable clip right now. And if you leave those interest rates up, it ratchets up the interest payments on the national debt. So that is one reason. In order to correct for the vast national debt that we're piling up, they're lowering the interest rates so we don't have to pay back people as high rates.

That's a major factor here. Another factor is supposed to be the idea that the economy is slowing so much that we need to inject a fresh amount of capital. Now, let's be real about this. Capital does not dried up in the American economy.

It has not. That is why the stock market is currently riding where the stock market is riding. I mentioned the other day that the price to earnings ratio for the Dow Jones industrial average right now is currently riding at like 31, 31. The average PE ratio for the Dow over the past three years is 20.

Hey, that's insane. That means that stocks are overvalued. That means that there's a bunch of money in the system that is being thrown at the stock market because people don't know what to do with the money. Investors are getting a fresh infusion of cash in their pocket and they're immediately going and planting it where they think it will maybe own a return and stocks would be one place.

They're presumably going to the same in real estate. The problem is that the interest rates in real estate remain higher than they were say five or six years ago. So even if you want to trade a house for a different house, that now means that you're giving up a three and a half percent interest rate under mortgage for a six percent interest rate under mortgage, which costs you a lot more money. So what is this designed to do?

It's designed to give people a feeling that the economy is sailing. That's what it's designed to do. That we've avoided the big hit that we are now in good shape. So the problem is we make a half percentage point cut, a 50 basis point cut that you are signaling two things at the same time.

You're signaling that the economy is on the verge of a downturn. That's why you would cut it 50 basis points as opposed to 25. You're simultaneously signaling that the words about inflation are over, which means the economy is strong and solid. So these two things are in conflict with one another.

That's why I'm my point. That's why I'm made by Muhammad al-Ariana. So here's Jerome Powell, the federal reserve trying to justify this. Here he was saying that their patience approach has paid dividends.

If you're a patient approach, you mean that you increase the prices of everything over the past three and a half years by 20 odd percent and well done, Jerome. Don't strain your shoulder pat yourself on the back of your heart here. Our patient approach over the past year has paid dividends. Inflation is now much closer to our objective and we have gained greater conflict.

It is moving sustainably toward 2%. Well, it's moving sustainably toward 2%, but isn't there yet, isn't it? I noticed. Meanwhile, he said that the decision reflects a confidence in the labor market that it can be maintained.

So, you know, the labor market is going to, by the way, if that were true, you wouldn't have to lower the interest rates. If you believe that we weren't about to head into some sort of jobs problem, then you wouldn't be injecting more capital into the economy, would you? Today, the federal open market committee decided to reduce the degree of policy restraint by lowering our policy interest rate by a half percentage point. This decision reflects our growing confidence that with an appropriate recalibration of our policy stance, strength in the labor market can be maintained in a context of moderate growth and inflation moving sustainably down to 2%.

So, again, this is a very weird move. Muhammad Alarion points out that today, for example, the Bank of England did not change the interest rate. They left it completely unchanged. And he points out an article from an economy reporter from the New York Times named Giannis Mallock, who says, people of jobs have started showing up at homeless shelters in Atlanta.

Families who can't cover their grocery bills are pushing up demand at a Boston food bank. A door of available housing is plaguing Sacramento. It reports of recent raises abound and a partly retired homeowner in Pittsburgh is happy about his savings. America's doubt of painfully high inflation and a period of high interest rates meant security is finally drawing into a close.

But even as the nation's tumultuous pandemic economy year begins to approach its end, the period is destined to leave lingering at marks. So again, he is pointing out a wild and bizarre contradiction in the logic of the Federal Reserve, which I have to say politics plays in here. The Federal Reserve, then like Trump, in a Trump office, they clearly would like to see Kamala Harris be elected. Alarion points out, Fed Chair Powell has to navigate the contradiction between the unusual step of starting a cutting cycle with a 50 basis point cut and the repeated assessment that the economy is under the place.

It's got trickier as understandably. He didn't want to acknowledge that today's 50 basis point move is a catch up for not having reduced rates in July. So it's all discombobulated. It doesn't make a whole hell of a lot of sense logically speaking.

Now that is, but what is it really about? What it's about is trying to generate an erstats feeling of good momentum on the economy, despite the fact that by the way, the business roundtable CEO economic outlook index suggests that the job market is in fact slowing. So is it slowing or is it solid? We don't know.

Trump won't tell us. Is inflation conquered or is it just coming down? We don't know. He won't tell us.

We don't know about him. I racist coming to theaters today is the number four movie in America, the 99% audience score on Ron tomatoes. Incredible reviews are beginning to point. Finally, he's getting some reviews yesterday.

Matt Walsh stopped by the world finish. Joe Rogan showed a talk about the movie. Take a listen. What Joe had to say about him.

I racist. Your movie is really funny. It's really funny by myself laughing out loud hysterically today. I watched it in the sauna.

I watched it in the gym. I watched it. It was it's one of the best comedies I've seen in a long time. There's so many moments that are so uncomfortable.

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Get your tickets. If you have seen, am I racist yet? Again, this weekend, our feet, it's only in theaters. Only questions yet keep the momentum going as we make history at the box office.

Head on over to miracist.com. Right now. Meanwhile, it tends to lie Connell Harris into the White House. Those continue up his propubicle, which is a far left outlet that routinely propagandizes on behalf of Democratic causes.

They are now pushing a couple of lies about Georgia abortion restrictions. This is pointed out by Isaac Shore over at Medi. In a pair of recent articles, a propobicle blamed the death of two Georgia women on the bill in Georgia. That out was abortion once at fetus has a heartbeat with exceptions for rape, incest, and health of the mother.

But those two stories of these two Georgia women have nothing to do with the Georgia bill. This person named Amber Nicole Thurman died in August 2022 after taking abortion pills. They succeeded in killing the unborn twins and growing inside her, but did not expel the remains. She saw follow up care at Piedmont Henry Hospital in Stockbridge, Georgia to have the remains removed from her uterus.

Propublicus suggested quote, abortion bans had delayed emergency medical care in Georgia. Experts say this mother's death was a preventable. Well, there's only one problem. She taken abortion pills.

The babies were dead. She had not expelled the field tissue. She showed up at the hospital in need of a DNC. Okay.

Well, here's the thing. It is not illegal in a dilation and keratosh situation, not illegal in Georgia to do a DNC on a dead fetus. It is not illegal to remove a dead fetus. That is so it wouldn't have violated the law for them to do the thing.

The real problem is that this person was able to obtain an abortion pill at a fairly late stage in the pregnancy. So it turns out that pills that Planned Parenthood said were safe and effective created a medical emergency. Physicians were slow to provide treatment. And somehow this is about Georgia abortion law.

And then they published a second article blaming Georgia's restrictions on abortion for the death of another woman named Candy Miller in the fall of 2022. Once again, Miller used abortion pills to seek to terminate her pregnancy. Like Thurman, the pills did not work as intended. They didn't expel all of the dead fetus.

According to ProPublica, Miller and her doctors feared the 41 year old's pregnancy could be difficult and potentially dangerous due to her struggles with lupus, diabetes, and hypertension. After she took the pills, she was in excruciating pain for a few days. Her husband found her unresponsive in her bed and autopsy found a lot of painkillers including fentanyl in her system. Her family told the coroner she hadn't visited a doctor due to current legislation on pregnancies and abortions.

But again, she wouldn't have been able to obtain a DNC for the dead fetuses in time. So ProPublica's just lying about these laws, which they have to do because the reality is the actual rationale, unfortunately, for the death of both of these women seems to be misused of abortion pills, which have now become widely available thanks to the FDA. So now they're gonna have to lie, Commolanes, the White House, we all know it. Meanwhile, we still have no further information on either the first assassination attempt against Donald Trump or the second assassination attempt against Donald Trump.

Even Democratic Senator Richard Blumenthal says that the Department of Homeland Security is now stonewalling on the Trump assassination attempt in Pennsylvania. The response from the Department of Homeland Security has been totally lacking. In fact, I think it's kind of not to stonewalling in many respects, if necessary. I'll certainly support a subpoena.

It's kind of incredible that even Democrats are now acknowledging that DHS is doing a terrible job with regard to protecting Donald Trump. Meanwhile, Chris Ray, head of the FBI, he says they're working around the clock on the second assassination attempt. Well, I mean, it'd be great if you worked around the clock's efficient to give us the information necessary to determine what happened. I mean, it's amazing how often these things seem to be memory-old.

We have dedicated the full force of the FBI to this investigation, and that runs to gamut from criminal to national security resources, from tactical support to evidence response teams, from forensic scientists to operational technology personnel, and I could go on together. We're working around the clock to investigate this. Now, unfortunately, one of the realities with regard to President Trump has been saying for a while is that when you spend 10 years declaring that he's an orange chitler without the mustache, people start to take that seriously. So yesterday on C-Span, a caller actually called and had to be cut off, saying that you should assassinate the President of the United States.

I mean, I suppose you could serve as a service officer at this person's door, and I guess points for honesty. I just want to say I'm a very patriotic American. I did 20 years in military, two years in Vietnam, only in 1960, sick men back in 60. And I look at myself and think about Wheelport as a military man before the COVID killed Captain the slaughter and all means available.

And I see we let this man drop the store, America. And I look at it and say, well, these two people have to step up and take that shot. I made it through nothing. I'm sorry, Will.

You're not advocating violence, are you? Not violent. I'm talking about defending my country. All right.

Well, you know, he's keeping saying the same thing over and over and over. Some people might take that seriously. And meanwhile, the other big story of the day is, of course, that Israel had a second round yesterday of things going boom. It turns out that we know how some details about how they made the pagers go boom contrary to a bunch of dolts on Twitter.

It turns out that it was not that Israel has the magical ability to make the cellphone in your pocket blow up. That's stupid. They can't blow up your iPhone in your pocket by hitting up the battery or something like that. There was actual explosive material inside these pagers.

Not only that, they did not as originally suspected, interdict and already created shipment for Hezbollah, like go to a factory in Iran, internet that put the explosives in, put the materials in that make a blow up upon command. Instead, Israel apparently created a facade created a fake beeper company. They created an entire fake beeper company, complete with a couple of other associated companies to make it look legit. They actually sold some real beepers to people and then they somehow obtained the contract from Hezbollah to supply the beepers.

And that's when they sold Hezbollah, the Akmai blowing up in your kidney's beeper. And well done, Israel. Like, truly well done. Well, it gets better.

So the reason that Hezbollah switched to beepers in the first place is because Israel had essentially hacked all of their iPhones and their cellphone capabilities. So Israel had a good window into what they were doing intelligence wise. So Hassan Nasrallah, the evil terror leader of Hezbollah, he had told his own people back in February, get rid of your cell phones and start using beepers. And Israel's like, hey, got an idea.

So they put the bombs in the beepers. So they blew them up a couple of days ago. Crazy story, crazy, crazy, most targeted anti-terrorist in human history, not possible to strike more terrorist simultaneously, more specifically than that. Literally these beepers were only handed out to members of Hezbollah.

They were not in general use. You could not pick one up at a local AT&T store. These were not things. Like a bunch of people out there saying this weird crap about, oh my God, now that Israel has done this, should you be worried about your toaster?

No, not unless you're a member of Hezbollah and you bought it from Israeli front group. I'm going to go with no. I don't think you need to be worried about your microwave today unless you join a Hezbollah and are using your microwave to receive messages from Hassan Nasrallah, the idiots. So, Israel blew up the beepers.

So that meant that Hezbollah needed a new comms system, right? So they went to their backup. Their backup was Waki-Tokies. Do you know what's coming next?

It turns out that Israel is also... And yes, I'm going to laugh at you. If you're a terrorist who wants to murder Israeli citizens for your own purpose reasons, rape Israeli citizens, you side with the murders and rapists of Hamas, when you get blown up by your own Waki-Tokies and something directly out of a wily coyote cartoon because you bought it from Israeli Akmai, I'm going to laugh at you and use it to be laughed at because you use it to be mocked. Because your entire strategy is to terrorize people, but it turns out that you blew yourself up with the Waki-Tokies.

So Israel blew up all the Waki-Tokies yesterday killed another several dozen members because it allowed wounded several hundred more. So this prompted the usual spasms of apple-plusing from the usual suspects. So as you imagine, the Biden administration is doing this insane routine. Like, oh my God, the chances for peace have plummeted.

They just broke peace. They broke... They're escalating. You know what escalated the situation on the northern border?

That on October 8th, because a lot began firing rockets and hasn't stopped since. They fired over 8,000 rockets into northern Israel, forcing the evacuation of the northern 1-4th, 1-5th of Israel. Major cities evacuated, like 100,000 people not living in their homes. So that was kind of an escalation.

And when you then launched the most innovative and specific counter-terror strike in the history of warfare, it doesn't seem like an escalation. That seems like a don't do that or we will blow up your pants. That's what that seems like a lot. But that's the Biden administration because they don't have a strategy in the Middle East because they're weaklings and they're pathetic and they're cowards because of all of that.

And because they completely misread the Middle East. We're like, well, if you're very nice to people, people will be nice to you. No, actually, that's not how it works in the Middle East or anywhere else on foreign policy. The lack of moral clarity in foreign policy circles and lack of intellectual clarity in those circles is pretty astonishing.

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It turns out if you want people to be nice to you and they're not your allies, the best way to make them be nice to you is to remind them that if they're not nice to you, their pants blow up. It turns out that's a much better way to do things as Donald Trump above all new didn't stop the Biden administration from continuing this nonsense. So Tony Blinken yesterday is very uncomfortable. Very uncomfortable with Israel defending itself like Ellen Terris or by blowing off their balls.

Very, very upset with Anthony Blinken yesterday. The United States did not know about nor was it involved in these incidents and we're still gathering the information and gathering the facts. Oh, they're disturbed. They're very, very worried.

Kirby, national security, administration, spokesperson, he says, you know, it's too soon to know if it's going to impact the peace talks. What peace talks? What peace talks? Israel has offered a thousand times some sort of step phase one ceasefire.

Hamas has rejected every ceasefire. Please, blah, has not offered anything. He's just keep firing rockets. What's he's fire?

Like, they're such an honest, God, they're such idiots on foreign policy. It's manning. It's completely manning. They just keep going.

Well, it's the same thing. Conmail here says, oh, we must reach a deal. We have we need to deal. What we really need is in the end, I deal with the genes so many things for summit.

Yeah. I think everyone's willing to hear them at this point. Any real suggestions or do you just mean that you're going to put in a room with a bunch of diplomats who are twiddling their thumbs while people get blown up? Like, what's your plan?

Any plan? No, no, it's just going to say diplomacy over and over. Like, it's a magic word. Like, abracadabra diplomacy, two-state solution.

No, I keep dolts. Anyway, here's here is junk room being like, I don't know. It might hurt prospects of peace between Israel and a terror group that is violating U.S. resolutions for 20 years.

Yeah, good. I think it's too soon to know if what happened over the last couple of days is going to have any effect on where we are with the ceasefire deal. Sadly, we aren't any closer to that. Now, then we were even a week ago.

So it's difficult to see any immediate impact of these incidents, but I think it's just too soon to know in general. I cannot imagine why the Iranians are attempting to back Kamala Harris, which they clearly are according to the Associated Press. Today, Iranian hackers sought to interest President Biden's campaign in information stolen from Donald Trump's campaign, sending unsolicited emails to people associated with the then-democratic candidate in an effort to interfere with the 2024 election. There's no indication any of the recipient's response to officials, several media organizations, but said they were also approached, did not publish it.

Kamala Harris' presidential campaign called the email from Ron unwelcome and unacceptable malicious activity. But that's not the question. Oh, I can't imagine. It's a real mystery wrapped in enigma why they want Kamala Harris to win.

I mean, maybe if I had a guess, it has something to do with the fact that Democratic Party is the party of the irrepressibly stupid and immoral Alexander Ocasio-Cortez who can mix a mean margarita but has no brain cells working up there and certainly no moral spine. A person who cried when she abstained from a vote to fund Israel's defensive iron dome. So she tweeted out yesterday quote, Israel's pager attack in Lebanon like, well, detonated thousands of handheld devices across the sluip public spaces seriously injuring and killing incense of villains, counter these numbers. Because he's a numbers like, well, they keep saying it's killing incense villains.

What's the ratio? It turns out urban warfare civilians are stationed next to his blood members who are terrorists who are walking around in areas. Some civilians get killed in military operations. If that number is really small compared to the number of terrorists who are killed, that's what you would call a historic military success and one of the most humane missions in history.

I mean, you know what Israel could have done if they actually if they wanted to be inhumane, you know what Israel would have done? They would have to explode more explosives in the beepers and in the walkie talkies. That's not what they did. By the way, that is what terrorists actually do.

What terrorists actually do is what Iran famously did during Iran-Rakhor, they put what the Syrian government has done against the rebels that should put bombs in actual coins. They do what the Palestinians have done in the West Bank, they put bombs in strollers, they high-terror times under children's bedrooms. But Al-Zander Ocasio-Cortez, who by the way, has not tweeted one time or had anything to say at all about crucible laws, continuous rocket fire for a year, nothing. She's literally never tweeted about it.

She says the most specific targeted anti-terror strike in a human history without a doubt. Using explosives so small that it didn't even kill the people upon whom the explosives were planted. The vast majority of them were wounded, not killed because the explosive was tiny. She says that this is a real problem.

This attack clearly unequivocally violates international humanitarian law and undermines U.S. efforts to prevent a wider conflict. Oh, wow, yeah, the U.S. efforts have been super successful, have they?

Mm, yeah, you and your strategy. Israel's only under fire from seven different fronts, and all shipping is closed in the Red Sea. You guys are doing a bang-up job over there. Just Congress needs a full accounting of the attack, including an answer from the State Department, as whether any U.S.

assistance went into development or deployment of this technology. I mean, the answer is no. It didn't. The United States was not even informed because Israel doesn't trust the Biden-Hair's administration not to leak that to the Iranians.

But this is where your humanitarian bone kicks in, is when Israel performs. The single most targeted anti-terror opera. I just get the feeling that if Israel kills people, you assume that Israel is bad because you want Israel not to be able to defend itself. That seems like the motive.

Just to get this straight, when Israel develops, the single best urban combat strategy in human history and Gaza, that's a genocide according to people. And then when they get even more specific, until only is Malchania, that's bad because it undermines peace processes. And then when they blow up a bunch of terrorists with beepers handed out by his blah on their bodies, that's bad too. I just get the feeling you want Israel to lose.

That's just, I don't know, it's a weird thing. Bernie Sanders doing the same exact routine. That old joke of a Soviet-style socialist. Netanyahu's right wing.

The extremist government is violent, international, and U.S. law. And actually, come on, who's created the humanitarian disaster in Gaza. And I always love Bernie Sanders and the rest of these, the rest of these, absolutely brain dead cretins say things like, it's Netanyahu's right wing extremist government.

It's called the elected government of the state of Israel. It was a unity government until about three months ago. There's no Israeli government that would not have performed the operation yesterday. The Israeli military, by the way, at the upper echelons is dominated by people who don't like BB-Nitinyahu.

This is well known inside of Israel. The generals are not fond of BB-Nitinyahu, and the feeling is rather mutual. They are the ones who recommended the operations. Sanders said, today I announce that with violent joint resolutions, this approval, this approval, this approval, this approval, this is on Israel, and then the Ocompossely, and this is, he just wants his rule of blue, that's all, he wants to muscle in, he wants his blood to win.

That's all you can take away from this. His sweet sound exactly like those Antonio Gutierrez, the head of the Despicable United Nations. And I wish Donald Trump the promise today, to not just remove funding from the UNRWA, which of course, he did when he was president, he should pledge with the United States from the United Nations, tear down the buildings on American soil, save us billions of dollars, salt the earth. The UN is a trashy, it's always been a trashy, it's a legitimization device for some of the worst regimes on planet earth, and for complete moral towards, like Antonio Gutierrez, quote, I'm deeply alarmed, I reported a large number of communications devices exploded across Lebanon and Syria, killing at least 11 people, including children, injuring thousands.

All actors must exercise, maximum restraint to avert any further escalation. Oh, well, yes, well, weird, because the law has not exercised anywhere strange. I remember when there was a UNR solution, a UNR solution, that dictated that the UN would occupy Southern Lebanon, so as to prevent this sort of conflict. And then where, where, I feel like an answer, where is the UN, where are all those uniforce on in Southern Lebanon, preventing this conflict?

Oh, you mean they just handed over to Lebanon? They just handed over to the people off, weird. Very strange. And when he says, well, there's injured thousands.

Do thousands of people carry around feasible out of beepers? Why? By the way, when's the last time you carried around to beepers? Did I miss read my calendar?

Is it actually 1997? Are you really worried about your Nokia beeper going off right now, how many of you in my audience? How many carry around beeper? Like this moment?

The answer is zero. How many are members of this block carrying around to beeper? Other than 10-cencial members versus you to leave staff? None?

Oh, weird, weird. Again, you can see the underlying messages. Oh, so clear. These people look about damn about international law.

They had nothing to say about feasible out or Hamas this entire time. They just want Israel blown off the map. That's what they want. And they're pretty clear about it.

And hiding behind humanitarianism is just the latest guys. And the same with the left highs behind free speech in order to promote methodologies that destroy free speech and freedom of religion and freedom to bear arms and all the rest of your freedoms. They are constantly using the arguments that they hate in order to forward the interests and powers that they align with. They're like, oh, humanitarian law.

But Hamas is fine. So excuse me, blah. So it's going on in Congress. It's going on in Syria, all over the world.

Totally fine. It's really just those dastardly Jews. Alright, coming up. Sunny Hosten over at the view, she has a perspective.

On Britney Mohomes. Britney Mohomes is apparently very, very bad. She's bad because she posted something pro Donald Trump. If you're not a member of a new coach or bureau, check out her two months for annual annual plans.

Click that link in the description and join us. Republicans are not teeth. You cannot separate yourselves from the bad white. I never thought much about race.

Never really seem to matter that much. At least not to me. Am I racist? I would really appreciate it if you love it.

I'm trying to learn it. I'm going to sort this out. I need to go deeper under cover. Previously on racist.

Joining us now is Matt, certified DEI expert. There's my certification. What you're doing is you're stretching out of your whiteness. Listen more for you.

America is inherently racist. The word inherent is challenging. What are we named? George Washington Monument.

The George Floyd Monument. America is racist to its foes. So inherently. Yeah.

This country is a piece of... White. White. White.

Supremacy. White. White. Is there a black person around?

Black person right here. Does he not exist? I'm racist. Hey, I'm racist.

Hey, I'm Roman. Hi. What's your name? I'm Matt.

It's head to ask who you are because you have to be careful. Never be too careful. In theaters now. Rated PG-13.

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This episode was published on September 19, 2024.

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The Federal Reserve cuts interest rates half a percent, just in time for the election; the Teamsters Union refuses to endorse Kamala; and Israel unleashes a second round of targeted hits on Hezbollah.   Click here to join the member-exclusive...

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