Radio America Online News Bureau

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Harris Picks Walz, Why Markets Are Volatile, Why You Shouldn’t Panic

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Listen to “Harris Picks Walz, Why Markets Are Volatile, Why You Shouldn’t Panic” on Spreaker.

Brian Wesbury, Chief Economist at First Trust LP and the former Chief Economist for the Joint Economic Committee of Congress, is in for Jim. Today, Brian and Greg dissect Kamala Harris choosing Minnesota Gov. Tim Walz as her running mate and why it may be a gift to the GOP. Brian also explains why the markets are in turmoil right now, why you shouldn’t panic over it, and more.

First, they respond to the breaking news that Harris-Walz will be the ticket for Democrats in 2024. They explain why this is the furthest left ticket in recent memory and why it gives Donald Trump and JD Vance ample opportunities to expose how far out of the mainstream Harris and Walz really are. And they discuss the Walz record in Minnesota – from his disastrous handling of the 2020 riots to his far left economic and social positions.

Next, Brian goes through the factors leading to the major volatility in world markets over the past several days. He says we are largely paying the price for terrible policies enacted during the Covid pandemic and he says the “morphine” is finally wearing off. But there are other important factors as well, and Brian tells us why he thinks the U.S. is headed into a recession but nothing close to a 2008-level crisis.

Finally, Brian explains why investors should not panic during this market turmoil and what the smartest government response would be.

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The Truth About Inflation, Al Gore Wants to Ban News Algorithms, White House Hanukkah Blunders

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Listen to “The Truth About Inflation, Al Gore Wants to Ban News Algorithms, White House Hanukkah Blunders” on Spreaker.

It’s bad and crazy martinis today after a Monday full of good news.

Join Jim and Greg as they wince over CNBC’s Rick Santelli offering a painful much much-needed explanation of compounding inflation – far from the White House narrative that Biden has it under control. He doesn’t.

They also roll their eyes as Al Gore takes a reasonable concern – social media pushing questionable posts to the top of your feed due to the level of engagement – and makes the absurd argument that these posts are damaging to democracy, are the “digital equivalent of the AR-15” and ought to be banned.

Finally, they cringe as the Biden administration fails to reply to family members of remaining hostages in Gaza who asked to attend the lighting of the White House menorah. Meanwhile, the husband of Vice President Harris completely butchers his explanation of Hanukkah.

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Biden’s Inflation Reality Check, Joe Wilts Under Leftist Pressure, Education Sec. Flunks Reagan 101

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Listen to “Biden’s Inflation Reality Check, Joe Wilts Under Leftist Pressure, Education Sec. Flunks Reagan 101” on Spreaker.

Join Jim and Greg as they wince at a new Bloomberg reports showing how much more Americans are paying for food, electricity, water, rent, childcare, and much more. But the report is an important rebuttal to the Biden administration’s gaslighting that the inflation problem has been solved.

They also groan at reports that just one day after Biden reasonably said he does not trust casualty figures from Hamas, the president buckled under criticism from Muslim leaders, said he was ashamed of himself and promised to do better.

Finally, they have some fun as Education Sec. Miguel Cardona appears to quote President Reagan unironically as having said he was from the government and was here to help. Of course, that’s exactly the opposite of what Reagan said.

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Latest Trump Indictment, U.S. Debt Downgraded, Empty Federal Offices

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Listen to “Latest Trump Indictment, U.S. Debt Downgraded, Empty Federal Offices” on Spreaker.

Join Jim and Greg as they react to the four-count indictment of Donald Trump alleging he defrauded the nation and conspired against rights and official government proceedings. They also cringe as Fitch downgrades U.S. debt from a AAA rating to AA+ due to our growing debt, the lack of a plan to deal with it, and intense political infighting. Finally, they throw up their hands as a new government report shows the vast majority of agency headquarters in D.C. remain empty – but you pay for them anyway.
Timestamps:
0:06 – Trump indicted again – this time they are connected to January 6th and efforts to overturn the 2020 election results.
7:23 – Fitch downgrades U.S. debt from AAA to AA+.
12:29 – Massive amounts of government office space in D.C. remains unused.
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Massive COVID Fraud, Gas Stove Doublespeak, High-Speed Rail Delusion

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Listen to “Massive COVID Fraud, Gas Stove Doublespeak, High-Speed Rail Delusion” on Spreaker.

Hillsdale College Radio General Manager and Radio Free Hillsdale Hour Host Scot Bertram is in for Jim today. Join Scott and Greg for one bad and two crazy martinis. After Scott shares his story of an All-American weekend, they are frustrated and unsurprised at the $403 billion in taxpayer-funded COVID relief that was lost to fraud and government waste. They then react to the mixed messages on gas stove bans, where the left continues to reassure Americans they will not be banned, while many municipalities have already begun their restrictions. Finally, they roll their eyes at the left’s obsession with high-speed rail, pointing out that the projects constantly cost much more than expected, and deliver lackluster results.

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And They Wonder Why We Don’t Trust Government

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Join Jim and Greg as they give credit to the New York Times for admitting that mask mandates accomplished nothing, either for individuals or larger communities. It did lead to lot of angry confrontations, and apparently our government officials have learned nothing. They also discuss the growing media attention to the toxic train accident in Ohio and how government response to a crisis is often proportional to the amount of media coverage a story gets. Finally, they hammer the Defense Department and the Air Force for releasing the confidential military files of Republican lawmakers and candidates to opposition research firms working with Democrats.

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Fighting for Freedom, Skyrocketing Rent, Olympic Disgrace

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Join Jim and Greg as they hope the American right’s support for the Canadian Freedom Convoy will refocus the GOP on championing freedom in this year’s midterms and far beyond. They also shudder as Americans in major cities are seeing 30-40 percent increases in rent but also explain how short-sighted government policies are a major contributing factor. And they discuss the ratings bust of the Beijing Winter Olympics and how Russia and the International Olympic Committee have disgraced the games to a dangerous level.

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Manchin vs. ‘Fiscal Insanity,’ Schumer Backs Down, Feds Blocking Afghan Rescues

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Listen to “Manchin vs. ‘Fiscal Insanity,’ Schumer Backs Down, Feds Blocking Afghan Rescues” on Spreaker.

Join Jim and Greg as they cautiously cheer Sen. Joe Manchin for calling the Dems’ $3.5 trillion wish list “fiscal insanity.”  They also welcome the news that Senate GOP Leader Mitch McConnell was able to force Senate Majority Leader Chuck Schumer to agree to fund the government without raising the debt ceiling.  And they’re enraged as the government keeps doing more to thwart than assist private rescue missions out of Afghanistan.

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Manchin’s Spending Pause, Weak August Jobs Report, Autocratic Aussies

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Listen to “Manchin’s Spending Pause, Weak August Jobs Report, Autocratic Aussies” on Spreaker.

Join Jim and Greg as they welcome Sen. Joe Manchin’s warning that another massive spending bill would saddle our nation with a lot more inflation and debt. They also wince as the August jobs numbers come in far below expectations. Is it really all due to the Delta variant or is there more to it? And they refuse to throw any shrimps on the barbie for the Australian government as the country goes crazy with COVID lockdowns and crushing freedom.

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Hong Kong Courage, Even More CDC Confusion, Bungled Federal Rent Relief

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Listen to “Hong Kong Courage, Even More CDC Confusion, Bungled Federal Rent Relief” on Spreaker.

Join Jim and Greg as they cheer the bravery of people in Hong Kong publicly booing the Chinese national anthem, which can now land you in big trouble under Chinese control. They also turn a scrutinizing eye on the latest leaks from the CDC that supposedly suggest the Delta variant is much worse than previously thought. And they’re not exactly surprised that the federal government – and government at other levels – has botched a program designed to provide rent relief.

 

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