Allen Jackson: Economic Optimism | Allen Jackson Now

August 6, 2025 | 22:0

Steve Moore joins Allen Jackson to discuss current events.

Closed captions

Show Timecode
Allen Jackson NOW | Allen Jackson: Economic Optimism | Allen Jackson Now | August 6, 2025
  • Well, good evening and welcome to nashville.
  • 00:00:03.995 --> 00:00:06.698
  • I'm alan jackson.
  • 00:00:06.698 --> 00:00:08.266
  • When president trump took office this year,
  • 00:00:08.266 --> 00:00:10.235
  • Some of his sharpest advisors were saying that
  • 00:00:10.235 --> 00:00:12.471
  • There might be some very strong economic growth this year,
  • 00:00:12.471 --> 00:00:16.007
  • Perhaps even as much as 3% by the end of the year.
  • 00:00:16.007 --> 00:00:19.544
  • But when the new figures on the gross
  • 00:00:19.544 --> 00:00:21.113
  • Domestic product came out, the 3% had already been hit.
  • 00:00:21.113 --> 00:00:24.816
  • Six months into the new administration.
  • 00:00:24.816 --> 00:00:27.686
  • One of those very wise presidential economic
  • 00:00:27.686 --> 00:00:29.921
  • Advisers is with us again tonight.
  • 00:00:29.921 --> 00:00:32.090
  • Steve moore, welcome back to our show.
  • 00:00:32.090 --> 00:00:35.093
  • Thanks, alan, for having me.
  • 00:00:35.093 --> 00:00:37.462
  • You know, i'm all for positive thinking,
  • 00:00:37.462 --> 00:00:39.731
  • But when you said 3% by the end of the year,
  • 00:00:39.731 --> 00:00:42.467
  • Was that something you were hoping for,
  • 00:00:42.467 --> 00:00:44.102
  • Or did you actually think we'd get to 3%
  • 00:00:44.102 --> 00:00:46.204
  • By the end of the year, or even this much earlier?
  • 00:00:46.204 --> 00:00:50.008
  • Oh, i believe you can do it if you deregulate the economy,
  • 00:00:50.008 --> 00:00:53.278
  • If you cut taxes
  • 00:00:53.278 --> 00:00:54.513
  • And get better trade deals, if you promote american energy,
  • 00:00:54.513 --> 00:00:57.682
  • All the kinds of things trump is talking about doing.
  • 00:00:57.682 --> 00:01:00.152
  • Absolutely. 3 to 3.5% growth.
  • 00:01:00.152 --> 00:01:02.420
  • You know, that's our historical average.
  • 00:01:02.420 --> 00:01:04.589
  • So, certainly we can at least do as well
  • 00:01:04.589 --> 00:01:08.126
  • As we've done in the past.
  • 00:01:08.126 --> 00:01:09.327
  • It is it is not a moonshot to get to 3% growth.
  • 00:01:09.327 --> 00:01:12.464
  • And once you do,
  • 00:01:12.464 --> 00:01:13.632
  • You start bending the debt and deficit curve down.
  • 00:01:13.632 --> 00:01:17.169
  • Well, the white house says we might even get to 4%
  • 00:01:17.169 --> 00:01:19.704
  • By the end of the year.
  • 00:01:19.704 --> 00:01:20.906
  • Is that possible?
  • 00:01:20.906 --> 00:01:21.940
  • And what would have to happen to get there?
  • 00:01:21.940 --> 00:01:24.643
  • It's possible, given how, lousy the economy was under biden.
  • 00:01:24.643 --> 00:01:29.281
  • We've got a lot of catching up to do.
  • 00:01:29.281 --> 00:01:31.183
  • So i think it's, it's, you know, a
  • 00:01:31.183 --> 00:01:33.018
  • Bit of a stretch, but i think we can do it.
  • 00:01:33.018 --> 00:01:34.886
  • And by the way,
  • 00:01:34.886 --> 00:01:35.787
  • If that happens, we're going to see huge
  • 00:01:35.787 --> 00:01:36.888
  • Increases in jobs,
  • 00:01:36.888 --> 00:01:38.356
  • Huge increases in tax revenues and huge increases
  • 00:01:38.356 --> 00:01:41.793
  • In the productivity of the american economy.
  • 00:01:41.793 --> 00:01:43.728
  • And i'd love to see it.
  • 00:01:43.728 --> 00:01:44.829
  • You know,
  • 00:01:44.829 --> 00:01:45.730
  • We're moving into a new era of robotic,
  • 00:01:45.730 --> 00:01:47.799
  • Our official intelligence, things
  • 00:01:47.799 --> 00:01:49.301
  • That are going to supercharge
  • 00:01:49.301 --> 00:01:50.802
  • The economy with productivity and, and, wage gains.
  • 00:01:50.802 --> 00:01:54.573
  • So i think it is possible.
  • 00:01:54.573 --> 00:01:56.608
  • Well, there's a widespread belief
  • 00:01:57.375 --> 00:01:58.877
  • That the high interest rates
  • 00:01:58.877 --> 00:02:00.111
  • Are holding this country back, especially the housing industry.
  • 00:02:00.111 --> 00:02:03.715
  • You know, i realize that the fed is a sort of secret society,
  • 00:02:03.715 --> 00:02:06.952
  • But what can they possibly cite
  • 00:02:06.952 --> 00:02:08.353
  • To keep our rates so much higher than the rest of the world?
  • 00:02:08.353 --> 00:02:11.923
  • Well, the most important thing the fed has to do is maintain,
  • 00:02:11.923 --> 00:02:15.660
  • Low inflation and, create a stable and strong dollar.
  • 00:02:15.660 --> 00:02:19.130
  • That's why you have a monetary system.
  • 00:02:19.130 --> 00:02:21.666
  • That's why you have a currency
  • 00:02:21.666 --> 00:02:22.867
  • Is said it has to retain its value
  • 00:02:22.867 --> 00:02:24.669
  • And has to be a means of exchange.
  • 00:02:24.669 --> 00:02:26.638
  • And so, i don't want to see any more runaway
  • 00:02:26.638 --> 00:02:29.841
  • Inflation like we had under biden.
  • 00:02:29.841 --> 00:02:33.011
  • I think we could probably do 1 or 2 rate cuts right now.
  • 00:02:33.011 --> 00:02:35.847
  • I wouldn't go too far.
  • 00:02:35.847 --> 00:02:36.881
  • Because remember when, the fed lowered,
  • 00:02:36.881 --> 00:02:40.418
  • The federal funds rate back,
  • 00:02:40.418 --> 00:02:42.387
  • Before the election, the mortgage rate went up
  • 00:02:42.387 --> 00:02:45.090
  • Because of inflationary expectations.
  • 00:02:45.090 --> 00:02:47.292
  • So i think we've got to be very careful about this.
  • 00:02:47.292 --> 00:02:49.527
  • We want to make sure we don't see
  • 00:02:49.527 --> 00:02:51.329
  • We want to keep inflation that 1 to 2% range, not five
  • 00:02:51.329 --> 00:02:54.599
  • Six 7 or 8 9% as we had under joe biden.
  • 00:02:54.599 --> 00:02:57.969
  • I mean, my wife is still complaining
  • 00:02:57.969 --> 00:02:59.537
  • Every time i come home about the cost of groceries.
  • 00:02:59.537 --> 00:03:02.140
  • So we want to make sure that prices remain stable.
  • 00:03:02.140 --> 00:03:05.610
  • And, you know, hopefully
  • 00:03:05.610 --> 00:03:06.611
  • Gas prices and grocery prices will fall.
  • 00:03:06.611 --> 00:03:09.881
  • The prices seem to go up with inflation,
  • 00:03:09.881 --> 00:03:11.616
  • But they don't ever seem to come down when it cools off.
  • 00:03:11.616 --> 00:03:14.219
  • Yeah that's true.
  • 00:03:14.219 --> 00:03:15.553
  • That's why you get this permanent
  • 00:03:15.553 --> 00:03:16.788
  • Ratcheting up effect of inflation.
  • 00:03:16.788 --> 00:03:18.990
  • Because, you know, once the is you said it very well.
  • 00:03:18.990 --> 00:03:21.426
  • Once you hit a high inflation rate like we did under biden.
  • 00:03:21.426 --> 00:03:25.297
  • And you're starting at a new plateau.
  • 00:03:25.297 --> 00:03:27.499
  • And that's why, you know, things.
  • 00:03:27.499 --> 00:03:29.768
  • You know, when i was growing up in
  • 00:03:29.768 --> 00:03:31.136
  • The 70s, things are 8 to 10 times
  • 00:03:31.136 --> 00:03:33.438
  • More expensive than they were back then.
  • 00:03:33.438 --> 00:03:35.974
  • But you've moved from tariff
  • 00:03:36.574 --> 00:03:37.876
  • Skeptic to tariff believer and you're in good company.
  • 00:03:37.876 --> 00:03:41.212
  • Now listen to the ceo of jp morgan's comments.
  • 00:03:41.212 --> 00:03:44.983
  • We started tariffs.
  • 00:03:45.450 --> 00:03:46.351
  • We didn't know what they're going to be.
  • 00:03:46.351 --> 00:03:47.052
  • And now we kind of know.
  • 00:03:47.052 --> 00:03:47.919
  • And they're
  • 00:03:47.919 --> 00:03:49.020
  • They're more moderate and thoughtful and you know
  • 00:03:49.020 --> 00:03:51.022
  • More carefully done.
  • 00:03:51.022 --> 00:03:52.057
  • And hopefully they'll help some companies export,
  • 00:03:52.057 --> 00:03:54.926
  • You know, maybe some people move manufacturing back here.
  • 00:03:54.926 --> 00:03:57.796
  • So, you know, so far so good.
  • 00:03:57.796 --> 00:04:00.398
  • With the tariffs being implemented
  • 00:04:00.398 --> 00:04:01.766
  • Now, shouldn't that begin to help the u.s.
  • 00:04:01.766 --> 00:04:03.501
  • Job market, especially after the latest unemployment report?
  • 00:04:03.501 --> 00:04:07.005
  • It was more weak than anybody thought it would be.
  • 00:04:07.005 --> 00:04:10.575
  • Well, here's my view of this, that, you know, we had a lot of,
  • 00:04:10.575 --> 00:04:14.045
  • You know, tariff turmoil back in the first
  • 00:04:14.045 --> 00:04:16.381
  • 3 or 4 months of the trump presidency.
  • 00:04:16.381 --> 00:04:19.250
  • And that did that did hurt the economy, no question.
  • 00:04:19.250 --> 00:04:22.087
  • Remember, tariffs, our taxes.
  • 00:04:22.087 --> 00:04:23.621
  • And they, money out of the economy.
  • 00:04:23.621 --> 00:04:26.391
  • And so,
  • 00:04:26.391 --> 00:04:27.959
  • I talked to a lot of manufacturers
  • 00:04:27.959 --> 00:04:29.594
  • And so on who said,
  • 00:04:29.594 --> 00:04:30.495
  • You know, because of the supply chain
  • 00:04:30.495 --> 00:04:31.896
  • Problems of not being able to get,
  • 00:04:31.896 --> 00:04:34.366
  • You know, the, the imports and that they needed
  • 00:04:34.366 --> 00:04:36.501
  • To, you know, for their production processes.
  • 00:04:36.501 --> 00:04:39.104
  • There was there were layoffs and things of that nature.
  • 00:04:39.104 --> 00:04:41.740
  • But what so the tariffs i don't like what i do like
  • 00:04:41.740 --> 00:04:45.543
  • Is the trade deals because once you get those trade deals,
  • 00:04:45.543 --> 00:04:49.881
  • Signed into law,
  • 00:04:50.281 --> 00:04:51.616
  • Then you've got these countries that are actually going to
  • 00:04:51.616 --> 00:04:53.952
  • Open up their markets to u.s.
  • 00:04:53.952 --> 00:04:55.620
  • Goods, and that means more jobs
  • 00:04:55.620 --> 00:04:57.122
  • For americans, more profits for american companies,
  • 00:04:57.122 --> 00:05:00.525
  • More capital flowing into the united states.
  • 00:05:00.525 --> 00:05:02.827
  • So it's one of the reasons i'm so bullish on the u.s.
  • 00:05:02.827 --> 00:05:05.330
  • Economy right now.
  • 00:05:05.330 --> 00:05:06.598
  • Trump is getting very good trade deals
  • 00:05:06.598 --> 00:05:08.700
  • That are forcing other countries to stop,
  • 00:05:08.700 --> 00:05:11.903
  • Discriminating against american products.
  • 00:05:11.903 --> 00:05:14.973
  • Well, most of the world has cut trade deals with the president,
  • 00:05:14.973 --> 00:05:18.076
  • But china is predictably dragging things out.
  • 00:05:18.076 --> 00:05:20.979
  • Do you think we should play hardball with them this time,
  • 00:05:20.979 --> 00:05:23.681
  • Or just to make a deal to get it behind us?
  • 00:05:23.681 --> 00:05:26.451
  • Oh, i definitely think we should play hardball with china.
  • 00:05:26.451 --> 00:05:29.154
  • China's the new soviet union.
  • 00:05:29.154 --> 00:05:31.089
  • They're the new evil empire.
  • 00:05:31.089 --> 00:05:33.491
  • They are, they don't play by the rules.
  • 00:05:33.491 --> 00:05:35.894
  • They are incredibly aggressive and dangerous. and their
  • 00:05:35.894 --> 00:05:39.063
  • Military buildup.
  • 00:05:39.497 --> 00:05:41.533
  • I think we
  • 00:05:41.533 --> 00:05:42.734
  • Have to recognize that this is, this is a real adversary.
  • 00:05:42.734 --> 00:05:45.870
  • And so i think trump strategy is to try to trade
  • 00:05:45.870 --> 00:05:49.607
  • With other countries and then isolate china,
  • 00:05:49.607 --> 00:05:52.744
  • Because we don't want to see the united states lose.
  • 00:05:52.744 --> 00:05:55.713
  • We're not going to but i, i don't want, china to
  • 00:05:55.713 --> 00:05:59.784
  • Overtake our status as the world economic superpower.
  • 00:05:59.784 --> 00:06:02.587
  • You know, that's what china wants.
  • 00:06:02.587 --> 00:06:04.022
  • They want to replace the united states.
  • 00:06:04.022 --> 00:06:05.924
  • They want to replace the dollar,
  • 00:06:05.924 --> 00:06:08.126
  • As the world's reserve currency.
  • 00:06:08.126 --> 00:06:09.828
  • We cannot allow that to happen.
  • 00:06:09.828 --> 00:06:12.163
  • Do you have any concern about the us debt that china holds?
  • 00:06:12.163 --> 00:06:15.667
  • Well, we have too much debt, that's for sure.
  • 00:06:16.601 --> 00:06:19.537
  • You know what?
  • 00:06:19.537 --> 00:06:20.238
  • You were borrowing $35 trillion.
  • 00:06:20.238 --> 00:06:21.906
  • That's, that's a big problem.
  • 00:06:21.906 --> 00:06:23.942
  • Foreigners buy up some of that, that they buy a lot of it up.
  • 00:06:23.942 --> 00:06:27.679
  • The best way to foil china right now.
  • 00:06:27.679 --> 00:06:30.281
  • You know, you asked me about cutting interest rates.
  • 00:06:30.281 --> 00:06:32.450
  • I, you know, i think cutting interest rates might help.
  • 00:06:32.450 --> 00:06:34.886
  • But, you know, what would help even more
  • 00:06:34.886 --> 00:06:36.354
  • To improve the american economy is cut.
  • 00:06:36.354 --> 00:06:38.223
  • Unnecessary government spending,
  • 00:06:38.223 --> 00:06:40.425
  • Which is in the trillions of dollars.
  • 00:06:40.425 --> 00:06:41.960
  • And every time we reduce that,
  • 00:06:41.960 --> 00:06:44.863
  • Those government outlays and expenditures, it's less money.
  • 00:06:44.863 --> 00:06:48.166
  • We have to borrow from countries like china.
  • 00:06:48.166 --> 00:06:50.268
  • Well, one more tariff question before we take a break.
  • 00:06:51.302 --> 00:06:53.905
  • The president floated the idea of giving everyone
  • 00:06:53.905 --> 00:06:56.207
  • A tariff rebate check.
  • 00:06:56.207 --> 00:06:57.642
  • Is that still in the works?
  • 00:06:57.642 --> 00:06:59.511
  • I hope not.
  • 00:06:59.511 --> 00:07:00.211
  • I think it's a terrible idea.
  • 00:07:00.211 --> 00:07:01.846
  • The worst thing to do is have the government
  • 00:07:01.846 --> 00:07:03.515
  • Pass out free money to people.
  • 00:07:03.515 --> 00:07:04.883
  • It becomes like a welfare payment.
  • 00:07:04.883 --> 00:07:06.551
  • And that's not a
  • 00:07:06.551 --> 00:07:07.819
  • That's a terrible way to get the economy moving.
  • 00:07:07.819 --> 00:07:10.421
  • Much better to cut tax rates, reduce the taxes on our
  • 00:07:10.421 --> 00:07:14.025
  • Businesses and our workers so they don't have incentive tax
  • 00:07:14.025 --> 00:07:16.794
  • Or about incentives.
  • 00:07:16.794 --> 00:07:18.062
  • If you cut people's taxes,
  • 00:07:18.062 --> 00:07:19.797
  • You're going to give them more incentives
  • 00:07:19.797 --> 00:07:21.132
  • To work, more incentives to start businesses,
  • 00:07:21.132 --> 00:07:23.768
  • More invent, incentives to invest, giving people money.
  • 00:07:23.768 --> 00:07:27.505
  • I mean,
  • 00:07:27.505 --> 00:07:28.139
  • It'd be a wonderful thing
  • 00:07:28.139 --> 00:07:29.073
  • If we could just write checks to people
  • 00:07:29.073 --> 00:07:30.008
  • And the economy would be improved.
  • 00:07:30.008 --> 00:07:31.543
  • But we know that doesn't work.
  • 00:07:31.543 --> 00:07:33.878
  • Well, steve moore, please stay with us for another segment.
  • 00:07:33.878 --> 00:07:36.214
  • There's a lot more to discuss.
  • 00:07:36.214 --> 00:07:38.516
  • And if you want to get
  • 00:07:38.516 --> 00:07:39.717
  • In on this with your thoughts you can go to aj now.com.
  • 00:07:39.717 --> 00:07:42.320
  • Send me an email and we'll try to answer in our next show.
  • 00:07:42.320 --> 00:07:45.223
  • I'll be right back.
  • 00:07:45.223 --> 00:07:53.007
  • I'll be right back.
  • 00:07:53.007 --> 00:07:56.606
  • We're back now with steve moore, an economist at the heritage
  • 00:07:57.774 --> 00:08:01.311
  • Foundation and former advisor to the president.
  • 00:08:01.311 --> 00:08:04.747
  • You're working on a project called vote with your feet.
  • 00:08:04.747 --> 00:08:07.417
  • Well, living here in nashville,
  • 00:08:07.417 --> 00:08:08.484
  • We've seen the evidence of that already.
  • 00:08:08.484 --> 00:08:10.453
  • Can you explain what it's about on a national level?
  • 00:08:10.453 --> 00:08:13.389
  • Yeah.
  • 00:08:13.389 --> 00:08:13.723
  • So i run
  • 00:08:13.723 --> 00:08:14.490
  • A group called unleash prosperity
  • 00:08:14.490 --> 00:08:16.059
  • With arthur laffer and steve forbes and other prominent,
  • 00:08:16.059 --> 00:08:19.262
  • Free market economists.
  • 00:08:19.262 --> 00:08:20.730
  • And so people can go to our website
  • 00:08:20.730 --> 00:08:22.532
  • At unleash prosperity and see the work
  • 00:08:22.532 --> 00:08:24.367
  • We do, trying to spread, good economic policy.
  • 00:08:24.367 --> 00:08:27.704
  • But one of our new projects is called vote with your feet
  • 00:08:27.704 --> 00:08:30.974
  • Dot net. that's vote with your feet, not.
  • 00:08:30.974 --> 00:08:33.576
  • And what we've done is we've compiled all the data on
  • 00:08:33.576 --> 00:08:36.779
  • Where americans are moving to and where they're moving from,
  • 00:08:36.779 --> 00:08:40.083
  • And also how much money they're taking with them
  • 00:08:40.083 --> 00:08:42.151
  • When they, you know, in terms of their income
  • 00:08:42.151 --> 00:08:43.620
  • And their assets, when they leave,
  • 00:08:43.620 --> 00:08:45.321
  • You know, let's say in new york and go to a state like texas.
  • 00:08:45.321 --> 00:08:48.558
  • And so what we find in this report, and by the way,
  • 00:08:48.558 --> 00:08:51.294
  • Go to vote with your feet.
  • 00:08:51.294 --> 00:08:52.562
  • Not and it's fun to play with you
  • 00:08:52.562 --> 00:08:53.896
  • Can you can click on two states and show you a big map.
  • 00:08:53.896 --> 00:08:57.066
  • You could click on say illinois.
  • 00:08:57.066 --> 00:09:00.036
  • And then you can click on florida
  • 00:09:00.036 --> 00:09:01.304
  • And i'll show you the moving bands
  • 00:09:01.304 --> 00:09:02.839
  • That are which direction the moving vans are moving into.
  • 00:09:02.839 --> 00:09:05.708
  • And you,
  • 00:09:05.708 --> 00:09:06.376
  • Probably know that when,
  • 00:09:06.376 --> 00:09:07.777
  • When it comes to a blue state like illinois
  • 00:09:07.777 --> 00:09:10.146
  • And a red state like florida,
  • 00:09:10.146 --> 00:09:11.781
  • Those moving vans are going south.
  • 00:09:11.781 --> 00:09:13.483
  • They're going,
  • 00:09:13.483 --> 00:09:14.717
  • The most of them are going into florida, not out of florida.
  • 00:09:14.717 --> 00:09:17.353
  • And so you can click on any combination of states
  • 00:09:17.353 --> 00:09:20.023
  • And see which states are winning the sweepstakes
  • 00:09:20.023 --> 00:09:22.191
  • And which states are losing them.
  • 00:09:22.191 --> 00:09:23.860
  • The two big winner states, are florida and texas,
  • 00:09:23.860 --> 00:09:28.498
  • Because they have no income tax in those states.
  • 00:09:28.498 --> 00:09:31.300
  • And the loser states are illinois and california
  • 00:09:31.300 --> 00:09:34.303
  • And new york and new jersey and massachusetts
  • 00:09:34.303 --> 00:09:36.572
  • That have raised taxes through the roof
  • 00:09:36.572 --> 00:09:38.174
  • And have a very progressive governing philosophy.
  • 00:09:38.174 --> 00:09:42.245
  • So, and incidentally, the southeast is just booming
  • 00:09:42.245 --> 00:09:45.515
  • Now. it's not just texas and florida.
  • 00:09:45.515 --> 00:09:47.216
  • It's also states like alabama, states like the carolinas.
  • 00:09:47.216 --> 00:09:50.653
  • It states like,
  • 00:09:50.653 --> 00:09:52.722
  • You know,
  • 00:09:53.022 --> 00:09:53.656
  • Even states like arkansas and,
  • 00:09:53.656 --> 00:09:56.492
  • Georgia are growing very quickly.
  • 00:09:56.492 --> 00:09:59.195
  • And they're
  • 00:09:59.195 --> 00:10:00.129
  • Sucking the capital, out and sort of
  • 00:10:00.129 --> 00:10:02.565
  • Almost sucking the blood out of the,
  • 00:10:02.565 --> 00:10:05.568
  • Out of the old northeastern states that have have really
  • 00:10:05.568 --> 00:10:08.604
  • Lost their greatest asset, which is their people.
  • 00:10:08.604 --> 00:10:12.275
  • Well, congressman mike lawler, a new york
  • 00:10:12.275 --> 00:10:14.143
  • Native, is genuinely worried that voting with your feet,
  • 00:10:14.143 --> 00:10:17.213
  • Combined
  • 00:10:17.213 --> 00:10:17.613
  • With the
  • 00:10:17.613 --> 00:10:18.414
  • Possible election of a socialist,
  • 00:10:18.414 --> 00:10:19.449
  • Will mean the end of the big apple.
  • 00:10:19.449 --> 00:10:21.484
  • Listen to what he said.
  • 00:10:21.484 --> 00:10:23.119
  • We've had enough.
  • 00:10:23.119 --> 00:10:24.420
  • And these policies that we saw under bill de blasio,
  • 00:10:24.420 --> 00:10:27.757
  • And andrew cuomo and kathy hochul
  • 00:10:28.491 --> 00:10:30.693
  • That have really destroyed the state.
  • 00:10:30.693 --> 00:10:32.795
  • They've run the state into the ground.
  • 00:10:32.795 --> 00:10:36.165
  • New york leads the nation in outmigration.
  • 00:10:36.165 --> 00:10:38.434
  • We have the highest tax burden, the worst business climate.
  • 00:10:38.434 --> 00:10:41.771
  • And now you add an avowed socialist into the mix.
  • 00:10:41.771 --> 00:10:44.874
  • Who's talking about seizing the means of production?
  • 00:10:44.874 --> 00:10:47.677
  • That is against capitalism.
  • 00:10:47.677 --> 00:10:49.712
  • What do you think might happen?
  • 00:10:49.712 --> 00:10:51.948
  • So that place and that that is losing
  • 00:10:51.948 --> 00:10:54.550
  • The most people in the united states?
  • 00:10:54.550 --> 00:10:56.786
  • The state is that's losing
  • 00:10:56.786 --> 00:10:58.521
  • The most people, has lost 2.5 million people
  • 00:10:58.521 --> 00:11:00.623
  • On that over the last ten years has been new york.
  • 00:11:00.623 --> 00:11:02.859
  • And it's, the it's the sad, rapid decline of
  • 00:11:02.859 --> 00:11:06.863
  • What was once our empire state.
  • 00:11:06.863 --> 00:11:08.498
  • And, of course, new york city was the empire city for america.
  • 00:11:08.498 --> 00:11:12.969
  • And yet,
  • 00:11:13.236 --> 00:11:14.470
  • What you're seeing is, you know, millions of people
  • 00:11:14.470 --> 00:11:17.006
  • Move out there taking their money with them.
  • 00:11:17.006 --> 00:11:18.841
  • They're taking their businesses with them.
  • 00:11:18.841 --> 00:11:20.643
  • And, in new york city, by the way,
  • 00:11:20.643 --> 00:11:22.912
  • Which is supposed to be the financial capital
  • 00:11:22.912 --> 00:11:24.714
  • Of the world with wall
  • 00:11:24.714 --> 00:11:25.848
  • Street has the highest taxes on financial investment.
  • 00:11:25.848 --> 00:11:29.552
  • It makes no sense.
  • 00:11:29.552 --> 00:11:30.787
  • It would be like if tim braska put a big tax on growing corn.
  • 00:11:30.787 --> 00:11:34.290
  • That doesn't make any sense at all.
  • 00:11:34.290 --> 00:11:36.225
  • And so i do believe that if new york were to,
  • 00:11:36.225 --> 00:11:39.462
  • Elect this socialist mayor,
  • 00:11:40.062 --> 00:11:42.732
  • I think that wall street will be gone from,
  • 00:11:42.732 --> 00:11:46.068
  • From new york all together, and the new wall street
  • 00:11:46.068 --> 00:11:48.604
  • Will be in dallas, or it will be in tampa, or will
  • 00:11:48.604 --> 00:11:50.940
  • Be in miami or some other city that's much more conducive
  • 00:11:50.940 --> 00:11:55.344
  • To economic growth and friendly to capital.
  • 00:11:55.344 --> 00:11:58.614
  • But la laffer is a tennessee.
  • 00:11:58.614 --> 00:12:00.049
  • And now the next time you visit,
  • 00:12:00.049 --> 00:12:01.384
  • You're both invited to be on set.
  • 00:12:01.384 --> 00:12:04.220
  • Well, you know that
  • 00:12:04.687 --> 00:12:06.155
  • I mentioned the top two states, which were,
  • 00:12:06.155 --> 00:12:08.925
  • You know,
  • 00:12:08.925 --> 00:12:10.126
  • Florida and texas in terms of getting people to come in.
  • 00:12:10.126 --> 00:12:11.994
  • And by the way, florida's imported $200
  • 00:12:11.994 --> 00:12:13.996
  • Billion of capital,
  • 00:12:13.996 --> 00:12:15.698
  • Mostly from states like new york and california.
  • 00:12:15.698 --> 00:12:18.367
  • But, tennessee is in the top four.
  • 00:12:18.367 --> 00:12:21.204
  • Tennessee, of course, has no income tax
  • 00:12:21.204 --> 00:12:23.039
  • Either, as you know, and that that is a magnet.
  • 00:12:23.039 --> 00:12:25.775
  • And so instead of raising taxes,
  • 00:12:25.775 --> 00:12:28.244
  • New york should be talking about cutting that.
  • 00:12:28.244 --> 00:12:31.314
  • We had a guest on recently who made the point
  • 00:12:31.314 --> 00:12:33.382
  • That eventually we're going to have to do something
  • 00:12:33.382 --> 00:12:35.318
  • About the entitlement programs,
  • 00:12:35.318 --> 00:12:37.386
  • But almost everyone in congress is afraid to say so.
  • 00:12:37.386 --> 00:12:40.256
  • Can any party
  • 00:12:40.256 --> 00:12:41.424
  • Address the entitlement bloat and still get reelected?
  • 00:12:41.424 --> 00:12:44.660
  • Oh, i think so.
  • 00:12:45.027 --> 00:12:46.195
  • I think americans are fed up
  • 00:12:46.195 --> 00:12:47.363
  • With the amount of borrowing that we're doing.
  • 00:12:47.363 --> 00:12:50.132
  • And, you know, social security needs to be completely revamped.
  • 00:12:50.132 --> 00:12:52.935
  • It is a rip off for young workers.
  • 00:12:52.935 --> 00:12:55.271
  • I, by the way, i'm not a young worker anymore.
  • 00:12:55.271 --> 00:12:57.139
  • I'm an old worker. but, you know, i'm 65.
  • 00:12:57.139 --> 00:12:59.642
  • And what i favor
  • 00:12:59.642 --> 00:13:00.843
  • Is letting young people be able to take 10% of their paycheck.
  • 00:13:00.843 --> 00:13:03.880
  • And instead of sending that 10%
  • 00:13:03.880 --> 00:13:05.615
  • Into the social security system,
  • 00:13:05.615 --> 00:13:07.450
  • They would be able to put that money into a 401 k plan.
  • 00:13:07.450 --> 00:13:10.987
  • And in the index fund of all the stocks,
  • 00:13:10.987 --> 00:13:13.422
  • And really build up real wealth over time.
  • 00:13:13.422 --> 00:13:16.092
  • If i had been able to do that
  • 00:13:16.092 --> 00:13:17.593
  • When i was young and over the last 40 years,
  • 00:13:17.593 --> 00:13:21.864
  • But i my social security benefit will be $3,200 a month,
  • 00:13:21.864 --> 00:13:25.501
  • I just looked up the numbers, but if i had put it into a,
  • 00:13:25.501 --> 00:13:29.405
  • Into an ira account and, and let the money grow,
  • 00:13:29.405 --> 00:13:33.709
  • I'd be able to get a benefit of about $13,000 a month.
  • 00:13:33.709 --> 00:13:37.413
  • So social security is a terrible deal.
  • 00:13:37.413 --> 00:13:39.782
  • We're really punishing our kids by forcing them
  • 00:13:39.782 --> 00:13:42.818
  • To put their money into this ponzi scheme of social security.
  • 00:13:42.818 --> 00:13:45.755
  • And if we could do that, just think we're not in 1
  • 00:13:45.755 --> 00:13:48.024
  • Or 2 generations, we'd eliminate the entire social security,
  • 00:13:48.024 --> 00:13:51.928
  • And it would be a fully funded program. wow.
  • 00:13:51.928 --> 00:13:54.764
  • Well, when even the legitimate cuts were made in
  • 00:13:55.698 --> 00:13:57.633
  • Medicare and the recent budget bill was a good start.
  • 00:13:57.633 --> 00:14:01.404
  • But is that nearly enough?
  • 00:14:01.404 --> 00:14:03.673
  • No, no, it's not it's not nearly enough.
  • 00:14:03.673 --> 00:14:06.575
  • And you know that there's a, you know, a cartoon
  • 00:14:06.575 --> 00:14:10.079
  • That's going around with a big, big, huge oak tree,
  • 00:14:10.079 --> 00:14:12.448
  • You know, with giant branches and huge, you know,
  • 00:14:12.448 --> 00:14:16.686
  • Base of the tree.
  • 00:14:17.119 --> 00:14:18.220
  • And, and somebody comes, you know, it's a republican.
  • 00:14:18.220 --> 00:14:21.090
  • He cuts off a little twig from the tree
  • 00:14:21.090 --> 00:14:23.526
  • And all the liberals say, oh, my god, it's going to die.
  • 00:14:23.526 --> 00:14:25.828
  • It's going to die. no.
  • 00:14:25.828 --> 00:14:27.496
  • And that's
  • 00:14:27.496 --> 00:14:28.698
  • What republicans have done, you know, with the medicaid,
  • 00:14:28.698 --> 00:14:30.533
  • They've cut a little bit of the program.
  • 00:14:30.533 --> 00:14:32.201
  • And and the democrats are running around
  • 00:14:32.201 --> 00:14:33.769
  • Saying that everybody's going to die.
  • 00:14:33.769 --> 00:14:35.471
  • Of course, we have to make very significant
  • 00:14:35.471 --> 00:14:37.340
  • Reforms in those programs.
  • 00:14:37.340 --> 00:14:38.908
  • And that should start by getting people who aren't
  • 00:14:38.908 --> 00:14:40.710
  • Eligible for the program to stop getting the benefits.
  • 00:14:40.710 --> 00:14:43.346
  • How about work requirements so that someone who
  • 00:14:43.346 --> 00:14:45.648
  • Is capable of working
  • 00:14:45.648 --> 00:14:47.083
  • And they want to go on the government dol
  • 00:14:47.083 --> 00:14:49.452
  • They should have to work in exchange for those benefits.
  • 00:14:49.452 --> 00:14:52.722
  • I think about 80 to 90% of americans agree with that.
  • 00:14:52.722 --> 00:14:56.559
  • Well, just one more question.
  • 00:14:57.193 --> 00:14:58.561
  • These mega deals
  • 00:14:58.561 --> 00:14:59.628
  • That the president is making with japan and the eu
  • 00:14:59.628 --> 00:15:01.630
  • And some of the middle eastern countries.
  • 00:15:01.630 --> 00:15:03.532
  • When will we see the benefit of those?
  • 00:15:03.532 --> 00:15:05.267
  • And it will be in time
  • 00:15:05.267 --> 00:15:06.469
  • To keep the republican party in the majority going forward.
  • 00:15:06.469 --> 00:15:09.605
  • Are you talking about the trade deals?
  • 00:15:09.605 --> 00:15:11.040
  • Yes, sir.
  • 00:15:11.040 --> 00:15:12.274
  • Yeah.
  • 00:15:12.274 --> 00:15:12.575
  • I think,
  • 00:15:12.575 --> 00:15:13.776
  • You know, we'll see how quickly those can be implemented.
  • 00:15:13.776 --> 00:15:16.345
  • Just a week or two ago, we got the europe
  • 00:15:16.345 --> 00:15:18.714
  • A deal with the european union.
  • 00:15:18.714 --> 00:15:20.616
  • That's an excellent deal.
  • 00:15:20.616 --> 00:15:22.585
  • It brings hundreds of billions of dollars
  • 00:15:22.585 --> 00:15:24.453
  • Of new investment into the united states.
  • 00:15:24.453 --> 00:15:26.622
  • It forces the europeans to stop discriminating
  • 00:15:26.622 --> 00:15:29.825
  • Against american products, our dairy products,
  • 00:15:29.825 --> 00:15:31.927
  • Our agricultural products,
  • 00:15:31.927 --> 00:15:33.129
  • Our technology services, and our,
  • 00:15:33.129 --> 00:15:36.432
  • Great manufacturing in this country.
  • 00:15:36.432 --> 00:15:38.167
  • So that's going to, i think, pay big dividends.
  • 00:15:38.167 --> 00:15:41.237
  • I think you'll start to see those dividends being paid by
  • 00:15:41.237 --> 00:15:43.939
  • The end of the year.
  • 00:15:43.939 --> 00:15:44.874
  • Well, steve moore, thank you for your time again today.
  • 00:15:45.941 --> 00:15:48.277
  • It's always great to see you.
  • 00:15:48.277 --> 00:15:50.012
  • Let the president know we'd like to have him on our show.
  • 00:15:50.012 --> 00:15:52.381
  • When you see him next. i'll get. him.
  • 00:15:52.381 --> 00:15:54.150
  • I'll get him, my friend. thank you very much.
  • 00:15:54.150 --> 00:15:56.118
  • Thank you.
  • 00:15:56.118 --> 00:15:57.520
  • In a moment, a good dose of hope.
  • 00:15:57.520 --> 00:15:59.789
  • I'll be right back.
  • 00:15:59.789 --> 00:16:08.005
  • I'll be right back.
  • 00:16:08.005 --> 00:16:11.235
  • You know, we are living in a turbulent world.
  • 00:16:12.170 --> 00:16:14.439
  • Just about any place to put your finger on the globe.
  • 00:16:14.439 --> 00:16:16.707
  • There's a conflict.
  • 00:16:16.707 --> 00:16:18.209
  • We've been just a hair's breath
  • 00:16:18.209 --> 00:16:19.510
  • Away from being engaged in multiple conflicts recently.
  • 00:16:19.510 --> 00:16:22.814
  • It's not an easy time to be peaceful.
  • 00:16:22.814 --> 00:16:24.982
  • There are loud voices saying the economy is going to crater.
  • 00:16:24.982 --> 00:16:28.219
  • All sorts of dire predictions.
  • 00:16:28.219 --> 00:16:30.288
  • Fear broadcasted over the airwaves.
  • 00:16:30.288 --> 00:16:32.223
  • And too often
  • 00:16:32.223 --> 00:16:34.025
  • Preachers ministers are adding to the clutter of the noise.
  • 00:16:34.025 --> 00:16:37.728
  • When president trump first
  • 00:16:37.728 --> 00:16:38.796
  • Unveiled a reciprocal tariff plan back in april,
  • 00:16:38.796 --> 00:16:41.432
  • The ceo of the largest financial institution in the us
  • 00:16:41.432 --> 00:16:44.569
  • Said on fox the recession was the likely outcome.
  • 00:16:44.569 --> 00:16:48.206
  • Famous commentators on cnbc were saying the market
  • 00:16:48.206 --> 00:16:51.109
  • Would crash, retirement savings would significant diminish.
  • 00:16:51.109 --> 00:16:55.046
  • Now fast forward a few months and those same experts
  • 00:16:55.046 --> 00:16:57.715
  • Are singing a different tune.
  • 00:16:57.715 --> 00:16:59.217
  • The messages are conflicting.
  • 00:16:59.217 --> 00:17:01.486
  • Now. just because we see fearful headlines doesn't
  • 00:17:01.486 --> 00:17:04.055
  • Mean we have to lead our lives dominated by fear.
  • 00:17:04.055 --> 00:17:07.892
  • Some of us are world class worriers.
  • 00:17:07.892 --> 00:17:10.761
  • Some of us have actually allowed our personalities
  • 00:17:10.761 --> 00:17:12.930
  • To be formed around the habit of worry.
  • 00:17:12.930 --> 00:17:15.399
  • It quite literally defines us.
  • 00:17:15.399 --> 00:17:17.702
  • But here's the reality.
  • 00:17:17.702 --> 00:17:18.836
  • Worrying doesn't help.
  • 00:17:18.836 --> 00:17:20.638
  • In matthew six, jesus had a comment.
  • 00:17:20.638 --> 00:17:22.540
  • He said, don't worry about tomorrow.
  • 00:17:22.540 --> 00:17:24.575
  • Tomorrow worry about itself.
  • 00:17:24.575 --> 00:17:26.544
  • The old english word for worry literally means to choke
  • 00:17:26.544 --> 00:17:29.847
  • In the way a wolf would worry a lamb
  • 00:17:29.847 --> 00:17:31.616
  • When he'd grabbed the lamb by the throat.
  • 00:17:31.616 --> 00:17:33.818
  • Worry will choke you.
  • 00:17:33.818 --> 00:17:35.653
  • And jesus said, worrying about tomorrow is unfruitful.
  • 00:17:35.653 --> 00:17:38.189
  • We forfeit our peace. here's the good news.
  • 00:17:38.189 --> 00:17:40.858
  • If jesus said, we don't have to do it, we can stop.
  • 00:17:40.858 --> 00:17:43.861
  • Let's make that our determination if we'll do it.
  • 00:17:43.861 --> 00:17:46.030
  • Let's focus on the hopeful.
  • 00:17:46.030 --> 00:17:47.632
  • It'll bring better things to our lives.
  • 00:17:47.632 --> 00:17:50.067
  • I'll be back in just a moment with your emails.
  • 00:17:50.067 --> 00:18:00.005
  • I'll be back in just a moment with your emails.
  • 00:18:00.005 --> 00:18:04.642
  • Thank you for spending a few minutes with us today.
  • 00:18:05.643 --> 00:18:08.078
  • Just a reminder, if you ever miss
  • 00:18:08.078 --> 00:18:09.413
  • An episode live, you can always go to aj now.com.
  • 00:18:09.413 --> 00:18:12.416
  • They're all archived there.
  • 00:18:12.416 --> 00:18:13.951
  • Makes it easy to see them even share them with a friend.
  • 00:18:13.951 --> 00:18:16.887
  • Thanks for taking the time to send your emails.
  • 00:18:16.887 --> 00:18:19.423
  • Mark from crossville, tennessee wrote thank you
  • 00:18:19.423 --> 00:18:22.026
  • For being a beacon of truth and light in this fallen world.
  • 00:18:22.026 --> 00:18:25.362
  • I think it's amazing how the lord is exposing
  • 00:18:25.362 --> 00:18:27.431
  • The deception of the enemy,
  • 00:18:27.431 --> 00:18:28.899
  • The lies against president trump, and bringing vindication.
  • 00:18:28.899 --> 00:18:32.303
  • I thought of ecclesiastes ten eight,
  • 00:18:32.303 --> 00:18:34.071
  • The pit, the enemy's dog has fallen into it.
  • 00:18:34.071 --> 00:18:36.941
  • And galatians six eight.
  • 00:18:36.941 --> 00:18:38.309
  • Be very sure whatsoever a man sows, he will also reap.
  • 00:18:38.309 --> 00:18:42.079
  • Keep up the great fight.
  • 00:18:42.079 --> 00:18:44.048
  • Well, mark,
  • 00:18:44.048 --> 00:18:44.982
  • I think it is remarkable to see the truth
  • 00:18:44.982 --> 00:18:46.350
  • That's being told in the public square.
  • 00:18:46.350 --> 00:18:48.352
  • You know, i complain frequently, sometimes, about god's timing.
  • 00:18:48.352 --> 00:18:52.289
  • He doesn't bring the truth in the timeline, i imagine.
  • 00:18:52.289 --> 00:18:55.593
  • But there's truth being told.
  • 00:18:55.593 --> 00:18:56.961
  • It holds the potential to bring new freedom to all of us.
  • 00:18:56.961 --> 00:19:00.331
  • Keep praying.
  • 00:19:00.331 --> 00:19:02.266
  • Then rick emailed.
  • 00:19:02.700 --> 00:19:03.701
  • God is moving.
  • 00:19:03.701 --> 00:19:04.735
  • How about a segment
  • 00:19:04.735 --> 00:19:05.970
  • On how three states louisiana, arkansas, and texas have passed
  • 00:19:05.970 --> 00:19:09.740
  • Laws in the last year that if someone supplies them,
  • 00:19:09.740 --> 00:19:12.409
  • The ten commandments are to be posted in classrooms.
  • 00:19:12.409 --> 00:19:15.446
  • Your friend mr.
  • 00:19:15.446 --> 00:19:16.180
  • Barton is spearheading
  • 00:19:16.180 --> 00:19:17.147
  • It is spearheading a project to supply them.
  • 00:19:17.147 --> 00:19:19.650
  • Other states have bills in their legislative bodies.
  • 00:19:19.650 --> 00:19:22.453
  • A few good news stories would be worth the time.
  • 00:19:22.453 --> 00:19:25.856
  • Amen to that, rick. and that is good news.
  • 00:19:25.856 --> 00:19:28.225
  • Free speech is being restored, one brick at a time.
  • 00:19:28.225 --> 00:19:32.229
  • We've been a bit like the frog in the kettle.
  • 00:19:32.229 --> 00:19:34.098
  • They've been limiting our free speech
  • 00:19:34.098 --> 00:19:35.666
  • And our free expression of our faith for far too long.
  • 00:19:35.666 --> 00:19:39.536
  • And there are some permissions being restored now.
  • 00:19:39.536 --> 00:19:42.139
  • It's going to take a courageous church
  • 00:19:42.139 --> 00:19:44.141
  • To walk into this new future.
  • 00:19:44.141 --> 00:19:46.310
  • Finally, timothy commented on youtube.
  • 00:19:47.144 --> 00:19:49.446
  • The body of christ hasn't done a good job in standing firm
  • 00:19:49.446 --> 00:19:52.016
  • On god's truth, and satan is plotting our demise.
  • 00:19:52.016 --> 00:19:55.753
  • We argue with one another.
  • 00:19:55.753 --> 00:19:56.854
  • Is there being a light in this dark world?
  • 00:19:56.854 --> 00:19:59.089
  • But like you say,
  • 00:19:59.089 --> 00:20:00.257
  • I think god is waking us up and moving the frauds out.
  • 00:20:00.257 --> 00:20:04.061
  • Well, timothy, i agree.
  • 00:20:04.561 --> 00:20:05.896
  • There's no question god is moving in the earth.
  • 00:20:05.896 --> 00:20:08.265
  • It's unfortunate that we have argued about secondary issues,
  • 00:20:08.265 --> 00:20:11.835
  • The style of worship music,
  • 00:20:11.835 --> 00:20:13.470
  • Or the color of the fabric on the pews in our churches.
  • 00:20:13.470 --> 00:20:17.207
  • And we've failed to stand up
  • 00:20:17.207 --> 00:20:18.609
  • For those fundamental biblical principles
  • 00:20:18.609 --> 00:20:20.411
  • That principles that come to us from scripture.
  • 00:20:20.411 --> 00:20:22.946
  • Fortunately, we're changing, and that is a reason for hope.
  • 00:20:22.946 --> 00:20:26.650
  • I'm alan jackson, and you have a wonderful evening.
  • 00:20:26.650 --> 00:20:26.650