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Charlie Kirk Today | Kevin Hassett: November 18, 2025 | Charlie Kirk Today | November 18, 2025
- Brought to you in part by the
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- International fellowship of christians and jews.
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- I'm andrew colvin, executive producer of this fine show.
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- Joined as always. well, not as always.
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- Not it. a little hit and miss as off.
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- You've been joined as often, as often as humanly possible.
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- That would be blake neff.
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- Not so secret weapon.
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- And co-host.
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- Here we are now, breaking new account
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- Linked to thomas matthew crooks shows
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- A furry fetish and transgender ideology
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- And interest at least referred to himself as they them.
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- And obviously thomas matthew crooks is the attempted
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- Assassination of president trump in butler, pennsylvania,
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- Who had no, we were told, no digital trail whatsoever.
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- Well, let's let's lay it out here.
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- So last week, tucker released a video
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- Which just dived into the thomas crooks case.
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- As you guys probably remember, the fbi began looking into it
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- And essentially said, there's no manifesto.
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- We don't have an obvious motive for what this was,
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- And he seems to have very little online trail.
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- And they kind of left it there.
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- There's been repeated efforts by congress
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- To get more information.
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- It hasn't really led to many places.
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- And so, what tucker was able to do
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- Is they found they kind of did standard forensic work.
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- It wasn't a leak.
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- They got a private investigator
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- And he use tools that they had.
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- They knew one of his email addresses,
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- And then they found accounts linked to that email address.
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- And then they were able to use internet
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- Archive pages and a few other things.
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- And they found
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- Some traces of his online presence, certainly not all.
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- They found traces in 19 different profiles.
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- The main thing they had, though, was that.
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- But i mean, i'm not saying that they were extensive
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- Footprints in in any of these. yeah.
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- But to find 19 but
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- The main thing they just had was just youtube comments,
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- Which is well, pretty low tier of internet engagement.
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- So he had the internet comments which showed
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- He was making threats.
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- They signaled that when he was pretty young.
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- This is all this ends in 2020 when he's 16 years old.
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- And some of it's earlier than that.
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- But he was saying pretty violent rhetoric,
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- Threatening rhetoric actually against immigrants and stuff.
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- So the fbi had framed it.
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- Oh, he might have kind of been right
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- Wing motivated by anti-immigrant stuff.
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- What they found was he'd started
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- To turn around covid, where he seemed to, actually
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- Be very against, trump's handling of covid.
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- He seemed to be extremely angry about people
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- Who wouldn't mask up or people who wouldn't, like,
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- Follow lockdowns, or so it seemed.
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- It's not totally clear.
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- But he was suddenly changing ideologically,
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- Which is, of course, a really annoying
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- Because then the trail goes cold.
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- Now, what happened there?
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- We're not sure it could be.
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- He started registering for new accounts with a new email.
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- We don't know of their site sites.
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- You can use
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- Like ten minute mail
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- To sign up for websites with a throwaway
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- Email that no one will ever link to you.
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- There's a lot of stuff that you can do now.
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- Today we have the new york post, which essentially did
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- The same thing tucker did,
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- But with the added caveat that they found
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- His deviantart tick.
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- How do you know what deviantart is that you do know?
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- What do you know what deviant art is out there?
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- On in the in the audience.
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- Send us your thoughts
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- Like send, send us your best deviantart.
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- So but here's you have any here's let me before we get to
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- That point right there there is a there is a an issue here.
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- So because in july, on july 13th, 2024,
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- Fbi director chris wray told congress that
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- The bureau had found nothing in crook's online history
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- That pointed to motive or political ideology.
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- A week later, ray's deputy, paul abbott,
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- And i'm reading from miranda's report here, paul abbott
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- Told congress that comments posted on one of kirk's
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- His social media accounts appear to reflect anti-semitic
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- And anti-immigration themes to espouse political violence.
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- So but here's the problem
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- That this left
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- Out a huge chunk of the timeline
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- Right where it show it seems to indicate a pivot
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- From what you would consider, i guess, right.
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- More right leaning ideology, i guess because of the
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- Immigration stuff
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- To anti-trump rhetoric, anti, government rhetoric.
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- So it was an omission.
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- It left an entire section out from january to august 2020,
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- When he did an ideological backflip
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- And went from rabidly pro-trump to rabidly anti-trump.
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- And then he went dark, seemingly never to post again.
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- Now that's a huge, huge question. yeah.
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- You know,
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- Like an august 2020,
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- One of his last things that we had was, in my opinion,
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- The only way to fight
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- The gov is with terrorism style attacks.
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- Sneak a bomb into an essential building
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- And set it off before anyone sees you.
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- Track down any important people politicians, military
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- Leaders, etc.
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- And try to assassinate them.
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- He said that and he
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- It seems you know, the truth is, a lot of people who become
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- Violent assassins or terrorists often are all over the map.
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- And that's why it's so frustrating.
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- It goes cold in 2020 because 16 to 20,
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- If you're already an unstable guy, is going to be an absolute
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- Rocket ship of potential ideological changes.
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- I know someone there was a guy i knew in high school.
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- Not even an extremist.
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- I shouldn't say he was not a violent guy,
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- But i knew a guy who,
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- When he was a sophomore in high school,
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- He was an iron man fan, objectivist,
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- And then by the time i was, he was a freshman in college,
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- He was a full like, lenin did nothing wrong.
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- Communist. wow.
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- And then for a while, his ideology was
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- Whatever gets us to space fastest.
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- And last time i checked, he was a maga supporter.
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- So some people just whip all over the place
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- When they're young adults.
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- And obviously this guy was very unstable to your point.
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- So on july 2020, 2019, he said the literal trump
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- Is the literal definition of patriotism.
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- Yeah, that's 2019.
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- And then, so
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- But by early 2020, crooks is he had flipped
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- 180, became very critical of trump, fox
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- News and republican complaints about mail-in voting.
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- So from so this is from what i say,
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- July 20th, 2019
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- To january 23rd, 2020.
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- So that's basically six months.
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- And he's he starts going after
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- President trump calling trump stupid.
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- But that's a six month window.
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- He seems to swerve.
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- I mean it was covid of course that drove people nuts.
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- But then yeah.
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- So the thing we specifically have
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- And then he describes
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- By the way he described trump as racist. yeah.
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- Well i know, but that's interesting.
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- He went from anti-immigrant screeds
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- About killing immigrants to describing trump as racist.
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- But anyway, what we have from the new york post
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- This morning, in addition to that,
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- Which they kind of reaffirm and what was on tucker
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- Segment is
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- They found the deviantart account
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- And they say, and i'm very frustrated with this,
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- Because they say he appears to have been interested
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- In, quote, furries and exploring gender identity
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- First.
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- Apparently he used the pronouns
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- They them as his default on deviant art.
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- And also they say,
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- It had an obsession with scantily clad cartoon
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- Characters that had musclebound male bodies and female heads.
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- And so that's that's like a subgenre.
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- There's a lot of subgenres of it.
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- And i'm annoyed because, okay, they say that
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- And you'd want to know how much of their is that?
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- Because if they look at one that's different from
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- If they look at 100 or 1000 or 10,000
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- And, you know, it might be sort of disturbing.
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- And so you'd want to
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- Maybe censor parts of it for normal people.
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- But i suspect a lot of people are going to want to know,
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- What the heck are we talking about here?
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- Because as we'll get into in the next segment,
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- If he was really deep down that rabbit hole, he's
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- Going down a rabbit hole.
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- A lot of other people who eventually become violent
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- In the last couple of years have gone down well.
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- And that's that's exactly we i mean,
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- The trans or gender confused
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- Community may be the most terror and terrorist prone.
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- Terrorism prone, community in the country.
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- Just it's it's totally possible.
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- I don't have the exact steps, but, man,
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- There's a lot of anecdotal evidence.
- 00:08:16.751 --> 00:08:22.457
- In genesis
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- 12 three, god made a powerful promise
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- To abraham, the father of the jewish people.
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- I will bless those who bless you.
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- The christian bible tells us
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- That we have been grafted into god's family tree.
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- The rich olive tree of israel,
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- The very foundations of the christian faith,
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- The bible and jesus, whom christians call
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- The messiah, are deeply rooted in israel.
- 00:08:44.613 --> 00:08:48.083
- Supporting israel aligns christians with god's
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- Prophetic timeline.
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- It demonstrates our willingness to be instruments of
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- God's blessing, uplifting his chosen people,
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- And it calls us to confront and heal
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- The centuries old wounds of anti-semitism.
- 00:09:01.196 --> 00:09:04.232
- The scripture says how good and how
- 00:09:04.232 --> 00:09:06.668
- Pleasant it is when brethren dwell together.
- 00:09:06.668 --> 00:09:09.971
- You can be part of this historic movement
- 00:09:09.971 --> 00:09:13.508
- Of bringing light to our world.
- 00:09:13.508 --> 00:09:16.277
- Learn more by going to ifc.
- 00:09:16.277 --> 00:09:18.413
- J.org today.
- 00:09:18.413 --> 00:09:21.002
- J.org today.
- 00:09:21.002 --> 00:09:26.522
- So here's here's the deal, blake, i mean,
- 00:09:27.390 --> 00:09:29.992
- And benny did a good job of putting these together.
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- And you could add to his list
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- The brett kavanaugh, the digital assassin. yes.
- 00:09:33.429 --> 00:09:37.066
- So you got charlie kirk's assassin.
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- Tyler robinson had a furry obsession
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- In live with transgender boyfriend.
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- Okay, there's one.
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- It's the alleged assassin.
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- Their annunciation
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- Catholic church shooter, identified as trans
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- Nashville christian shooter, identified as trans.
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- I was a female to male, lakewood church
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- Shooter, identified as trans colorado springs shooter.
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- Identified as non-binary denver shooter, identified as trans
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- Aberdeen shooter.
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- Identified as trans iowa high school shooter.
- 00:10:04.326 --> 00:10:06.996
- Trans activist.
- 00:10:06.996 --> 00:10:09.265
- So you've got annunciation, robin
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- Westman, nashville, audrey hail lake.
- 00:10:13.302 --> 00:10:16.272
- So these are some of these famous names you had
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- You had the brett kavanaugh attempted
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- Assassin, went by sophie rask.
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- Yeah.
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- And that's the thing
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- That's happened after the, the attack, i believe.
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- Correct.
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- I'm not sure on the time, i think on that one.
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- And you'll find out for us.
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- I mean, they were probably a little on
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- I mean, i was going to say,
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- You know, but what, what what is really
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- Disconcerting here is that it seems to be something where
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- You have
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- Unstable people that get into an ideology
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- That basically unmoored them from reality.
- 00:10:47.269 --> 00:10:50.106
- And what i believe happens now,
- 00:10:50.106 --> 00:10:51.574
- I'm not a psychologist, but it seems to fit
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- That when you become unmoored from your physical,
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- God given attributes, or believe that you can become
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- Disassociated with them in some way,
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- That you become unmoored from morality, good and evil,
- 00:11:03.119 --> 00:11:06.355
- Right and wrong, these binaries
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- That bind humanity and societies together.
- 00:11:08.157 --> 00:11:11.093
- And if you have an unstable, proclivity,
- 00:11:11.093 --> 00:11:14.463
- Then guess what's going to happen?
- 00:11:14.463 --> 00:11:15.731
- You're going to be tapped into a whole ideology
- 00:11:15.731 --> 00:11:17.833
- That basically says, up is not up. down is not down.
- 00:11:17.833 --> 00:11:20.336
- Right is not wrong. it's potentially a few things.
- 00:11:20.336 --> 00:11:22.571
- And we should caveat,
- 00:11:22.571 --> 00:11:23.472
- Of course, it's all like it's kind of this
- 00:11:23.472 --> 00:11:26.375
- Wave of them is pretty new.
- 00:11:26.375 --> 00:11:27.710
- It's a transgenderism wave in general.
- 00:11:27.710 --> 00:11:29.645
- It's pretty recent.
- 00:11:29.645 --> 00:11:30.679
- It exploded really just in the past ten years.
- 00:11:30.679 --> 00:11:33.115
- And it's among young people.
- 00:11:33.115 --> 00:11:34.517
- So you're looking or really just having people
- 00:11:34.517 --> 00:11:37.419
- Aging into their late teens, early 20s
- 00:11:37.419 --> 00:11:40.623
- Who are really blasted by this psychological,
- 00:11:40.623 --> 00:11:44.994
- Contagion when they were, you know, when the.
- 00:11:45.861 --> 00:11:48.731
- Yeah, the social contagion, when they were in
- 00:11:48.731 --> 00:11:50.466
- Middle school age, you know, early high school age.
- 00:11:50.466 --> 00:11:53.002
- Now these people are aging into where they're old enough,
- 00:11:53.002 --> 00:11:55.671
- They're autonomous enough to really potentially do things.
- 00:11:55.671 --> 00:11:59.308
- And it's, as you say, it's like there's
- 00:11:59.308 --> 00:12:01.377
- A bit of the denial of reality.
- 00:12:01.377 --> 00:12:02.645
- I think another thing is if you're
- 00:12:02.645 --> 00:12:05.181
- If you've been exposed
- 00:12:05.181 --> 00:12:06.148
- To these communities, you know, they can be
- 00:12:06.148 --> 00:12:08.584
- Very out there, very unhinged.
- 00:12:08.584 --> 00:12:11.420
- They're very indulging of like extreme wild rhetoric.
- 00:12:11.420 --> 00:12:14.256
- So if you hear i mean, for example, i saw when people
- 00:12:14.256 --> 00:12:17.760
- Were reacting to charlie stuff, i routinely saw
- 00:12:17.760 --> 00:12:21.564
- People with, you know, lgbtq flag, trans
- 00:12:21.564 --> 00:12:23.833
- Flags be like, charlie kirk wanted me dead.
- 00:12:23.833 --> 00:12:26.535
- Charlie kirk wanted everyone like me.
- 00:12:26.535 --> 00:12:28.437
- They they really indulge a lot of that hysterical rhetoric.
- 00:12:28.437 --> 00:12:31.440
- So there's an entire sub community of people
- 00:12:31.440 --> 00:12:33.475
- Who are not mentally well in the first place
- 00:12:33.475 --> 00:12:35.911
- That is also constantly feeding them.
- 00:12:35.911 --> 00:12:37.847
- There's are people who want to commit genocide against you.
- 00:12:37.847 --> 00:12:40.916
- There are people who specifically want to kill you.
- 00:12:40.916 --> 00:12:42.551
- They are a threat to you.
- 00:12:42.551 --> 00:12:43.752
- Well, and it's like you, an unstable person,
- 00:12:43.752 --> 00:12:46.789
- Should think that this person is a full genocidal
- 00:12:46.789 --> 00:12:49.792
- Nazi and will, like, kill you if you don't do something
- 00:12:49.792 --> 00:12:52.561
- About it.
- 00:12:52.561 --> 00:12:53.829
- So it's feeding unstable people the justification for extreme
- 00:12:53.829 --> 00:12:57.132
- Acts of violence. yeah, 1,000% agree with that.
- 00:12:57.132 --> 00:12:59.602
- And you put on top of that.
- 00:12:59.602 --> 00:13:01.503
- Blake, a lot of drug use, whether that's simple things
- 00:13:01.503 --> 00:13:05.708
- Like vaping thc all the time or harder drugs or,
- 00:13:05.708 --> 00:13:09.879
- Or the hormonal replacement drugs or, testosterone replace.
- 00:13:09.879 --> 00:13:13.382
- Yeah. if you read so again, this is this is background.
- 00:13:13.382 --> 00:13:15.985
- But if you look into someone's been posting,
- 00:13:15.985 --> 00:13:18.554
- Claims he's been getting, like, discord messages
- 00:13:18.554 --> 00:13:20.623
- And such that he was in the discord group
- 00:13:20.623 --> 00:13:22.324
- That charlie's alleged shooter was in, and he's been saying
- 00:13:22.324 --> 00:13:25.961
- That his his boyfriend was like on tons of drugs
- 00:13:25.961 --> 00:13:30.933
- All of the time and like, oh yeah, really heavy stuff.
- 00:13:30.933 --> 00:13:34.770
- And, you know, it's all speculative
- 00:13:34.770 --> 00:13:36.238
- How much that actually affected. yeah.
- 00:13:36.238 --> 00:13:38.107
- Everyone else.
- 00:13:38.107 --> 00:13:39.675
- But it's just there's a lot of.
- 00:13:39.675 --> 00:13:41.844
- Well, i just think about what you're doing.
- 00:13:42.711 --> 00:13:44.113
- You're taking people who are unwell, pumping them
- 00:13:44.113 --> 00:13:46.482
- Potentially full of hormones,
- 00:13:46.482 --> 00:13:47.549
- Pumping them full of other drugs.
- 00:13:47.549 --> 00:13:48.784
- None of these have remotely been studied
- 00:13:48.784 --> 00:13:50.352
- For how they intersect with each other.
- 00:13:50.352 --> 00:13:51.854
- There's a total unwillingness to take that question
- 00:13:51.854 --> 00:13:54.356
- Seriously, especially during peak woke.
- 00:13:54.356 --> 00:13:56.859
- And, you know, you're just
- 00:13:56.859 --> 00:13:59.128
- It's like taking
- 00:13:59.128 --> 00:14:00.296
- A bunch of random chemicals and putting them in a jar
- 00:14:00.296 --> 00:14:02.164
- And shaking it as hard as you can
- 00:14:02.164 --> 00:14:03.565
- And then throwing it somewhere.
- 00:14:03.565 --> 00:14:04.667
- Well, absolutely.
- 00:14:04.667 --> 00:14:05.501
- And we don't know the ramifications
- 00:14:05.501 --> 00:14:07.303
- Long term for a lot of this stuff.
- 00:14:07.303 --> 00:14:08.537
- But let's go ahead.
- 00:14:08.537 --> 00:14:09.204
- And i saw this image go up.
- 00:14:09.204 --> 00:14:10.239
- But let's start it up again 89.
- 00:14:10.239 --> 00:14:12.441
- This is 7.2% of u.s.
- 00:14:12.441 --> 00:14:14.410
- Adults identifies lgbt.
- 00:14:14.410 --> 00:14:16.478
- But look at those red graphs on the right.
- 00:14:16.478 --> 00:14:19.815
- That's 19.7% of gen z in 2022.
- 00:14:19.815 --> 00:14:24.787
- So presumably that number would be higher.
- 00:14:24.787 --> 00:14:26.956
- Now, although we have seen a reversal
- 00:14:26.956 --> 00:14:28.390
- Of some of these trends
- 00:14:28.390 --> 00:14:29.425
- Just because we've actually winning,
- 00:14:29.425 --> 00:14:31.226
- Fighting and winning cultural battles.
- 00:14:31.226 --> 00:14:33.195
- You get this. let's go to image.
- 00:14:33.195 --> 00:14:35.564
- I'm not sure which one.
- 00:14:35.564 --> 00:14:38.634
- This is a 90.
- 00:14:38.634 --> 00:14:40.269
- This is gallup poll. okay.
- 00:14:40.269 --> 00:14:41.904
- So nearly 4 in 10 young liberal women identify as lgbt.
- 00:14:41.904 --> 00:14:46.608
- Okay.
- 00:14:46.842 --> 00:14:47.743
- So that's that that big huge graph right
- 00:14:47.743 --> 00:14:49.945
- There, 18 to 29 year old liberal women is almost
- 00:14:49.945 --> 00:14:53.449
- Is at 38% identify as lgbt.
- 00:14:53.449 --> 00:14:56.852
- So we talk about the social contagion of it all.
- 00:14:56.852 --> 00:14:59.521
- That's what we're talking
- 00:15:00.089 --> 00:15:01.223
- About because it far outpaces any other generation.
- 00:15:01.223 --> 00:15:03.759
- We'll be right back with kevin hassett from the national
- 00:15:03.759 --> 00:15:06.628
- Economic council.
- 00:15:06.628 --> 00:15:11.900
- Where are the tears from the pain.
- 00:15:12.634 --> 00:15:16.238
- The life that she lived.
- 00:15:16.238 --> 00:15:18.374
- She's a survivor of auschwitz.
- 00:15:18.374 --> 00:15:21.810
- The years that they would just beat her ears.
- 00:15:21.810 --> 00:15:24.580
- That she didn't have food and felt hungry.
- 00:15:24.580 --> 00:15:27.883
- And our answer is love.
- 00:15:28.384 --> 00:15:31.620
- Before, with a gift of only $25.
- 00:15:31.620 --> 00:15:34.823
- You'll deliver a life saving food box into the hands
- 00:15:34.823 --> 00:15:37.993
- Of an elderly jew in need.
- 00:15:37.993 --> 00:15:40.729
- I wasn't only saying people have a heart.
- 00:15:40.729 --> 00:15:43.732
- There are good people today.
- 00:15:43.732 --> 00:15:45.534
- Call, scan or go online now.
- 00:15:45.534 --> 00:15:48.303
- And the international
- 00:15:48.303 --> 00:15:49.438
- Fellowship of christians
- 00:15:49.438 --> 00:15:50.706
- And jews will rush your food box today saudi arabia.
- 00:15:50.706 --> 00:15:54.576
- This is a holy moment.
- 00:15:54.576 --> 00:15:56.345
- What you're doing is not simply being kind.
- 00:15:56.345 --> 00:15:59.748
- You are prophetically stepping into the scriptures
- 00:15:59.748 --> 00:16:03.585
- And being part of their redemption and our own.
- 00:16:03.585 --> 00:16:07.089
- Please call, scan or go online now.
- 00:16:07.089 --> 00:16:11.000
- Please call, scan or go online now.
- 00:16:11.000 --> 00:16:16.434
- Before we bring, our next guest
- 00:16:17.101 --> 00:16:19.370
- And i want to play cut 107 is a little preview.
- 00:16:19.370 --> 00:16:22.173
- Purchasing power dropped by about $3,000 under joe biden
- 00:16:22.173 --> 00:16:25.209
- Because the wages didn't keep up with prices.
- 00:16:25.209 --> 00:16:27.578
- Under president trump, it's already gone up by about 1200.
- 00:16:27.578 --> 00:16:30.714
- We understand that people still feel the pain
- 00:16:30.714 --> 00:16:33.484
- Of the high prices, but we're closing the gap.
- 00:16:33.484 --> 00:16:36.353
- I'm filling the gap fast. i don't want to.
- 00:16:36.353 --> 00:16:38.222
- All right.
- 00:16:38.222 --> 00:16:39.023
- I'm excited to welcome kevin hassett,
- 00:16:39.023 --> 00:16:40.624
- The man in that clip, director
- 00:16:40.624 --> 00:16:41.859
- Of the national economic council of the united states.
- 00:16:41.859 --> 00:16:44.728
- Welcome to the show, sir.
- 00:16:44.728 --> 00:16:46.297
- Honored to have you back again.
- 00:16:46.297 --> 00:16:47.698
- Back.
- 00:16:47.698 --> 00:16:49.366
- Yeah it's great to be back.
- 00:16:49.366 --> 00:16:50.734
- It's great to have you and i, we
- 00:16:50.734 --> 00:16:52.336
- You know i used to talk about this with charlie
- 00:16:52.336 --> 00:16:53.804
- Just how much we loved having you on the show
- 00:16:53.804 --> 00:16:56.107
- Because you, you have such an optimistic heir to you.
- 00:16:56.107 --> 00:16:59.009
- You, you you know, if there's, if there's doom
- 00:16:59.009 --> 00:17:02.379
- And gloom out there like you come on.
- 00:17:02.379 --> 00:17:03.814
- And you kind of make sense of it, and you and you,
- 00:17:03.814 --> 00:17:05.950
- You kind of steady everybody's nerves and you say,
- 00:17:05.950 --> 00:17:07.985
- Hey, listen, guys, look at, look at this piece of data.
- 00:17:07.985 --> 00:17:10.387
- Look at that.
- 00:17:10.387 --> 00:17:11.188
- And so this was i think
- 00:17:11.188 --> 00:17:12.990
- One of the key points and videos that i saw
- 00:17:12.990 --> 00:17:15.159
- Floating around this weekend,
- 00:17:15.159 --> 00:17:16.794
- Because you're talking about this affordability crisis
- 00:17:16.794 --> 00:17:19.964
- That has become, front and center, partly
- 00:17:19.964 --> 00:17:22.066
- Because some of charlie's tweets
- 00:17:22.066 --> 00:17:23.968
- Have become have gone viral and everybody's talking
- 00:17:23.968 --> 00:17:26.337
- About the housing affordability and things like that.
- 00:17:26.337 --> 00:17:29.340
- Why don't you just start right there?
- 00:17:29.340 --> 00:17:30.608
- Because people still feel the crunch of biden inflation.
- 00:17:30.608 --> 00:17:35.112
- I don't think anybody with a,
- 00:17:35.112 --> 00:17:36.981
- Rational mindset thinks that
- 00:17:37.581 --> 00:17:39.216
- That's all going to be wiped away in ten months,
- 00:17:39.216 --> 00:17:41.252
- But explain
- 00:17:41.252 --> 00:17:42.419
- The real metrics of it
- 00:17:42.419 --> 00:17:43.754
- And why people are still feeling this way.
- 00:17:43.754 --> 00:17:46.357
- Oh, sure, i absolutely will.
- 00:17:46.357 --> 00:17:47.591
- And again, it's my first time on the show
- 00:17:47.591 --> 00:17:50.294
- Since i was talking to charlie.
- 00:17:50.294 --> 00:17:52.029
- And one of the things
- 00:17:52.029 --> 00:17:53.197
- I remember best about him is how much he started
- 00:17:53.197 --> 00:17:55.833
- To love economics.
- 00:17:55.833 --> 00:17:57.134
- Yeah, i think you probably remember
- 00:17:57.134 --> 00:17:58.736
- Some of the conversations i had with him after the show,
- 00:17:58.736 --> 00:18:01.605
- Like when we weren't on tape, but but,
- 00:18:01.605 --> 00:18:03.674
- You know, i think that, the bottom line is that under
- 00:18:03.674 --> 00:18:08.112
- Joe biden, they spent like drunken sailors, and the fed
- 00:18:08.112 --> 00:18:12.016
- Basically printed the money to let them do that.
- 00:18:12.016 --> 00:18:15.186
- And, you know, everybody knows that that causes inflation.
- 00:18:15.186 --> 00:18:18.122
- Inflation went up almost a 10% average 5% a year.
- 00:18:18.122 --> 00:18:21.992
- And then interest rates went up a lot.
- 00:18:21.992 --> 00:18:23.961
- And so if you wanted, for example, to buy a new home,
- 00:18:23.961 --> 00:18:26.730
- The typical homeowner would see their mortgage
- 00:18:26.730 --> 00:18:29.500
- Payment double, and meanwhile, grocery prices went up.
- 00:18:29.500 --> 00:18:34.672
- And so, for example, a typical month's groceries
- 00:18:34.672 --> 00:18:37.408
- For the average family was about $400
- 00:18:37.408 --> 00:18:39.610
- When president trump took office.
- 00:18:39.610 --> 00:18:40.945
- It's about $515.
- 00:18:40.945 --> 00:18:43.447
- And, you know, when president trump came back again.
- 00:18:43.447 --> 00:18:46.550
- And so, people, right, rightly
- 00:18:46.550 --> 00:18:49.520
- Look back at those numbers as, hey, guys, you know,
- 00:18:49.520 --> 00:18:52.289
- I'm really having a hard time keeping ahead.
- 00:18:52.289 --> 00:18:54.491
- Now. we've got mortgage rates down.
- 00:18:54.491 --> 00:18:56.227
- And so the monthly payments are going down,
- 00:18:56.227 --> 00:18:58.162
- Making it easier to buy a car because we're letting
- 00:18:58.162 --> 00:19:00.664
- You deduct the interest.
- 00:19:00.664 --> 00:19:02.333
- And inflation itself has dropped down to about 2.5%
- 00:19:02.333 --> 00:19:06.070
- Right now.
- 00:19:06.070 --> 00:19:06.971
- But,
- 00:19:06.971 --> 00:19:08.072
- You know, if joe biden doubles your mortgage payment
- 00:19:08.072 --> 00:19:11.242
- And then it goes down a little bit, and if prices go
- 00:19:11.242 --> 00:19:14.044
- From 400 to $515 for a typical bag of groceries,
- 00:19:14.044 --> 00:19:17.982
- Then, you know, getting inflation to slow
- 00:19:17.982 --> 00:19:20.684
- Is not the same as reversing, the situation
- 00:19:20.684 --> 00:19:23.887
- And the way we reverse the situation
- 00:19:23.887 --> 00:19:25.723
- Is we continue to,
- 00:19:25.723 --> 00:19:27.057
- You know, go
- 00:19:27.057 --> 00:19:28.192
- After every little thing we can, to reduce inflation.
- 00:19:28.192 --> 00:19:30.861
- The most important is at the macro level
- 00:19:30.861 --> 00:19:33.264
- That we're cutting the deficit by about $600 billion
- 00:19:33.264 --> 00:19:36.066
- This year, which will put downward
- 00:19:36.066 --> 00:19:37.434
- Pressure on everybody's prices.
- 00:19:37.434 --> 00:19:39.103
- But then we're going, thing by thing,
- 00:19:39.103 --> 00:19:41.272
- To try to come up with policies that help that as well.
- 00:19:41.272 --> 00:19:44.174
- But the bottom line is that this is a situation
- 00:19:44.174 --> 00:19:47.678
- That was caused by democratic policies,
- 00:19:47.678 --> 00:19:50.347
- And this is a situation that we're fixing.
- 00:19:50.347 --> 00:19:52.916
- And somehow
- 00:19:52.916 --> 00:19:54.184
- The fact that prices went up
- 00:19:54.184 --> 00:19:55.586
- A lot under joe biden is suddenly
- 00:19:55.586 --> 00:19:57.755
- A good talking point for president trump.
- 00:19:57.755 --> 00:19:59.790
- And that's just preposterous.
- 00:19:59.790 --> 00:20:01.425
- I think that's what people think
- 00:20:01.425 --> 00:20:03.694
- They're getting actually,
- 00:20:03.694 --> 00:20:05.129
- When they think trump's going to fix the economy.
- 00:20:05.129 --> 00:20:07.097
- Trump's going to fix what biden started it.
- 00:20:07.097 --> 00:20:08.732
- I think they think that they're getting deflation,
- 00:20:08.732 --> 00:20:11.101
- But that's bad.
- 00:20:11.101 --> 00:20:12.202
- So what we really need to do is you're
- 00:20:12.202 --> 00:20:14.038
- Talking about the supply side shock.
- 00:20:14.038 --> 00:20:16.173
- President trump is talking about 16, 17, 18,
- 00:20:16.173 --> 00:20:18.642
- $19 trillion of investment into the economy.
- 00:20:18.642 --> 00:20:22.313
- And then that starts boosting wages.
- 00:20:22.313 --> 00:20:24.481
- You get a tightening job market when you deport,
- 00:20:24.481 --> 00:20:26.684
- Illegal immigrants, when you frankly, when you have
- 00:20:26.684 --> 00:20:29.687
- A net, migration, outflow, out of the country.
- 00:20:29.687 --> 00:20:33.757
- Right.
- 00:20:33.757 --> 00:20:34.925
- So you tighten the labor, supply, then you get, wages
- 00:20:34.925 --> 00:20:37.728
- Going up, you get investment, you get this one year
- 00:20:37.728 --> 00:20:40.197
- Motorization, which was in the
- 00:20:40.197 --> 00:20:41.765
- The accelerated amortization of things like,
- 00:20:41.765 --> 00:20:44.268
- You know, at restaurants to build a kitchen.
- 00:20:44.268 --> 00:20:45.903
- And they have to
- 00:20:45.903 --> 00:20:46.937
- They can amortize all that in the single year
- 00:20:46.937 --> 00:20:48.405
- Or bigger investments.
- 00:20:48.405 --> 00:20:50.441
- When are we going to start seeing that supply side shock.
- 00:20:50.441 --> 00:20:53.077
- Because i know $19 trillion coming to the economy.
- 00:20:53.077 --> 00:20:55.479
- If if that materializes, that's going to be huge,
- 00:20:55.479 --> 00:20:58.682
- But it's going to take a little while.
- 00:20:58.682 --> 00:20:59.917
- How how do you predict the next, next 6 to 12 months
- 00:20:59.917 --> 00:21:02.753
- Going it actually is it take a while.
- 00:21:02.753 --> 00:21:05.522
- In fact, it's underway right now.
- 00:21:05.522 --> 00:21:06.757
- If you look at capital spending this year,
- 00:21:06.757 --> 00:21:09.026
- It's pretty much up by
- 00:21:09.026 --> 00:21:10.194
- Almost as much as we saw all, four years for joe biden,
- 00:21:10.194 --> 00:21:14.031
- There's been a capital spending boom
- 00:21:14.031 --> 00:21:15.632
- Because people
- 00:21:15.632 --> 00:21:16.700
- Want to build factories and create jobs of the us.
- 00:21:16.700 --> 00:21:19.002
- And in fact,
- 00:21:19.002 --> 00:21:19.436
- It was
- 00:21:19.436 --> 00:21:20.270
- One of my favorite little footnotes
- 00:21:20.270 --> 00:21:21.338
- About the state of the union address.
- 00:21:21.338 --> 00:21:23.173
- I guess we're supposed to call it
- 00:21:23.173 --> 00:21:24.108
- Something else, the joint session of congress.
- 00:21:24.108 --> 00:21:25.976
- But when we were editing the final draft,
- 00:21:25.976 --> 00:21:29.313
- One of the nerdy things the the economic teams,
- 00:21:29.313 --> 00:21:32.383
- The president just tick in was that whenever we pass
- 00:21:32.383 --> 00:21:35.252
- The big, beautiful bill, we're going to make the,
- 00:21:35.252 --> 00:21:37.087
- Accelerated depreciation, the expensing of new equipment,
- 00:21:37.087 --> 00:21:40.224
- A new factories retroactive to his address that night.
- 00:21:40.224 --> 00:21:44.261
- And then what we saw was that there was an explosion
- 00:21:44.261 --> 00:21:46.563
- Of investment already, because people knew
- 00:21:46.563 --> 00:21:48.332
- We were going to pass a big, beautiful bill.
- 00:21:48.332 --> 00:21:50.100
- And we gave them this massive tax incentive to do it.
- 00:21:50.100 --> 00:21:52.536
- And so it's really underway, a big part of it.
- 00:21:52.536 --> 00:21:55.339
- But one of the things that happens
- 00:21:55.339 --> 00:21:57.241
- In terms of the big wage effects that we're going to see
- 00:21:57.241 --> 00:21:59.743
- Is that,
- 00:21:59.743 --> 00:22:01.178
- People tend
- 00:22:01.178 --> 00:22:02.045
- To get their wage adjusted if they're
- 00:22:02.045 --> 00:22:03.247
- Not changing jobs in january.
- 00:22:03.247 --> 00:22:05.349
- And so there's going to be really big salary increases
- 00:22:05.349 --> 00:22:07.651
- There already underway this year.
- 00:22:07.651 --> 00:22:08.886
- But where do you see january?
- 00:22:08.886 --> 00:22:10.487
- And the other thing is, because it takes a while
- 00:22:10.487 --> 00:22:12.055
- For the irs to do the forms, the
- 00:22:12.055 --> 00:22:13.657
- No tax on tips, so no tax on overtime.
- 00:22:13.657 --> 00:22:15.859
- A lot of people aren't
- 00:22:15.859 --> 00:22:17.094
- Going to see that until april when they get their refunds.
- 00:22:17.094 --> 00:22:19.396
- And so the bottom line is there's a lot
- 00:22:19.396 --> 00:22:20.964
- Of really good after tax news coming for next year.
- 00:22:20.964 --> 00:22:24.535
- And it won't be deflationary.
- 00:22:24.535 --> 00:22:25.836
- The way you get deflationary is you remember
- 00:22:25.836 --> 00:22:27.805
- They called it the new normal under obama.
- 00:22:27.805 --> 00:22:29.673
- You just can't grow very much.
- 00:22:29.673 --> 00:22:31.141
- And you got like really,
- 00:22:31.141 --> 00:22:32.242
- Really low price inflation, even deflation.
- 00:22:32.242 --> 00:22:35.145
- Well that's because they put a straitjacket
- 00:22:35.145 --> 00:22:37.648
- Around the economy.
- 00:22:37.648 --> 00:22:38.782
- We're not doing that. and so we won't have deflation.
- 00:22:38.782 --> 00:22:41.151
- We won't have low growth like that.
- 00:22:41.151 --> 00:22:42.786
- Kevin hassett, thank you so much for joining us.
- 00:22:42.786 --> 00:22:44.621
- It's an honor to have you. we'll talk to you again soon.
- 00:22:44.621 --> 00:22:48.292
- I received a message from our friends
- 00:22:49.092 --> 00:22:51.028
- At international fellowship of christians and jews
- 00:22:51.028 --> 00:22:53.464
- That i would like to share with you.
- 00:22:53.464 --> 00:22:55.032
- It's a simple one. thank you.
- 00:22:55.032 --> 00:22:58.001
- And one of the jewish communities
- 00:22:58.001 --> 00:22:59.436
- Greatest times of need.
- 00:22:59.436 --> 00:23:00.504
- Christians around the world have stepped up
- 00:23:00.504 --> 00:23:02.439
- With generosity, standing in prayer
- 00:23:02.439 --> 00:23:04.808
- And showing what it means to love their neighbors
- 00:23:04.808 --> 00:23:06.677
- As themselves together with the fellowship.
- 00:23:06.677 --> 00:23:08.679
- You're doing the holy work, providing food for the hungry.
- 00:23:08.679 --> 00:23:11.715
- Care for the elderly and healing for the wounded.
- 00:23:11.715 --> 00:23:14.151
- Your prayers and support are helping to restore hope
- 00:23:14.151 --> 00:23:16.653
- And strength throughout israel and beyond.
- 00:23:16.653 --> 00:23:18.922
- To learn more, visit ifc, ck dawg, that's ifc.org.
- 00:23:18.922 --> 00:23:18.922
