The WOR Saturday Morning Show with Larry Mendte - - 08 - 17 - 2024

Episode Transcript

Speaker 1 (00:00):
This is a podcast from wor Now the wr Saturday
Morning Show. Here's Larry Minty, Good.

Speaker 2 (00:09):
Saturday Morning to you. On today's show, Republicans are worried
that Donald Trump is blowing the election by not being disciplined.
Mary Rook, columnist for The Daily Caller, disagrees, and in
the title of her latest column she writes, let Trump
be Trump. Mary's coming up and what is going on

(00:29):
with the stock market? And what should you be doing
with your money? We'll talk with Thomas Hayes, founder and
chairman of Great Hill Capital in New York. But first
to look back at the week that was. New York
City has a new fire commissioner. His name is Robert Tucker.

Speaker 3 (00:46):
I can think of no higher calling than serving as
the fire commissioner for the City of New York.

Speaker 1 (00:52):
This is truly a dream come true.

Speaker 2 (00:55):
Seems like a nice guy. He's the CEO of the
security company. But just like Laura the last commissioner, he
has no firefighting experience. It's an insult to all who
are willing to risk their lives to keep our family safe.
Trump was back on the campaign trail, and Trump was

(01:15):
being Trump.

Speaker 3 (01:16):
She's a radical left lunatic and if she's going to
be our president very quickly, you're not going to have
a country anymore.

Speaker 2 (01:24):
I am getting a little tired of all the Republican
pearl clutchers saying why does he say those things? Why
can't he be more disciplined? They are reacting to the polls.
Calm down. Trump has done pretty well at being Trump.
And besides, he talks policy every speech. The media just
doesn't cover it. Crime is out of control in Central

(01:47):
Park and Mayor Adams is calling for air support. We
know we have to get on.

Speaker 4 (01:52):
People must feel safe in all our parks in general,
but specifically in Central Paul because there's a large number
of people who visit there.

Speaker 2 (02:00):
Why do I have this sneaky feeling that a new
version of skeet shooting will now be popular in Central Park?
Speaking of guns, Democratic Vice presidential Canada Tim Walls claims
he carried one in a war zone. That's a lie,
And when Republican Vice presidential Canada JD Vance called him

(02:21):
out on his lie, Walls got upset.

Speaker 5 (02:24):
And I firmly believe you should never denigrate another person's
service record. Anyone brave enough to put on that uniform
for our great country, including my opponent. I just have
a few simple words, thank you for your service and sacrifice.

Speaker 2 (02:38):
The thing is, it's not just JD. Vans, it's members
of the unit he abandoned right before they were sent
to Iraq. Walls cut and run, and this story is
not going away. Mayor Adams is clearing out migrant camps
on Randall's Island after rampant crime.

Speaker 4 (02:59):
We don't want to be the have you handed, We
don't want to be insensitive. It's about finding out what
the resources are needed and navigating people there.

Speaker 2 (03:10):
Anyone who tells you that it's not true that crime
is up across the country because of illegal immigrants is
covering for Kamala Harris who let them in. The number
one issue in the country is the economy, especially inflation,
and Donald Trump has a plan.

Speaker 6 (03:27):
From today and from the day I take the oath
of office, we will rapidly drive prices down and make
America affordable again.

Speaker 2 (03:38):
He was immediately mocked for that statement, but critics forget
He's done it before. I'll have much more about that
in my final thoughts. Masks are now banned in Nasa
County unless you have a medical or religious exemption. What
we've seen is people using masks to shop with, to carjack,

(03:59):
to rob bang, and this is activity that we want
to stop. ASA County Executive Bruce Blakeman cites a spike
in crimes with criminals wearing masks, and NYPD Chief John
Chell blames a two hundred percent rise in crime in
Central Park on migrants.

Speaker 6 (04:19):
At this point in time, we're ready called this is
a migrant robberie Patty.

Speaker 7 (04:23):
It could be any gravem groups of eight to twelve,
as low as two.

Speaker 2 (04:26):
And there it is a police chief saying the rise
in crime is because of those who are here illegally.
The federal investigation into Mayor Adams is not going away.
The mayor and several campaign staffers have been hit with
new subpoenas.

Speaker 4 (04:42):
I hold myself beyond a reproach and when you receive
a subpoena, you respond.

Speaker 2 (04:48):
The allegation is that he received money from Turkey in
return for helping them with a new consulate. And Kamala
Harris appears with Joe Biden on the campaign trail for
the first time since replacing him as the Democratic presidential nominee.

Speaker 5 (05:02):
I think it's for many many reasons.

Speaker 8 (05:04):
Including few leaders in our nation have done more on
so many issues, including to expand access to a wordable
health care life than Joe Biden.

Speaker 2 (05:16):
What what else has he done? You named all these
great things, you named just one. That's the end of
the list. Now name yours, Kamala. We'll wait. I'll have
more on Kamala in my final thoughts. And that's the
week that was coming up. Let Trump be Trump. That's
the headline in the Daily Caller as Donald Trump brings

(05:38):
some familiar faces back to his presidential campaign. We'll talk
with Mary Rook, the author of that article.

Speaker 1 (05:45):
Next here again is Larry Menti with the WR Saturday
Morning show.

Speaker 2 (05:53):
Week Need. Republicans are panic that Donald Trump could lose
the presidential election to Kamala Harris. They think Donald Trump
is blowing it. Let's find out what our next guest thinks.
Mary Rook is an opinion and analysis writer for The
Daily Caller. Her latest article is titled Trump is getting
the two thy sixteen gang back together. It's time to

(06:16):
let Trump be Trump again. Mary, thank you so much
for talking with us today. Really appreciate it. Big fan
by the way of the Daily Caller and your opinion
piece let's talk about it. When you write Trump is
getting the two thy sixteen band back together, who are
you talking about?

Speaker 8 (06:33):
So specifically, we're talking about the news that broke yesterday
about Corey Landowski and Tim Murtau and others who are
around in the early days of twenty sixteen and twenty
twenty that really helped Trump put his victory in the
win column over Hillary Clinton.

Speaker 2 (06:50):
Even though these people all work for Trump before, it
is a change, it's a change by addition. So is
this a sign that Trump didn't think things were going well?

Speaker 8 (07:00):
I don't know necessarily that he felt that things were
going well. Obviously I can't speak for him, but I
do think that this is a sign that they're kind
of taking the breaks off and they're going to go
full force into this. I mean, we're looking at an
election that is going to be very important for the
American public, and so having something like this happen. You know,

(07:22):
Corey Lendowski was working along with Taylor Budoch and Alex
Speiffer and Alex Bruce Wrix. They were working for the
pack side of the Trump campaign, which really can't for
legal reasons be you know, kind of full force and
helping the campaign, and they have to take a step back,
and there has to be a separation between the pack

(07:44):
and the campaign. So by taking them off of Trump's
pack and bringing them over onto the campaign side, they
can really use him more, you know, face forward and
you know, put his talents to work here, which I
think is going to be great. And I think you
saw yesterday just the excitement around people who support Trump

(08:04):
and how excited they are, you know, talking about how
he was such a great, big part of Trump trouncing
Hillary in twenty sixteen, and how you know, he wrote
the book with another author, Let Trump Be Trump, And
that's kind of what the American people are hoping for.
We need Trump to get out there and really be
himself again and kind of bring that twenty sixteen energy back.

Speaker 2 (08:28):
I guess the big question is why wasn't Corey Lewandowski
at all a part of the campaign all along?

Speaker 8 (08:35):
You know, I don't I can't answer that, but I
think a lot of people were asking the same questions.
There was a big movement on x with you know,
former advisors and former people of the twenty sixteen administration
that were asking that question, and so there was a
big movement to get him back involved again, and now
that he is, it looks like those calls for that

(08:58):
quieted down. I think that he's a work well with
Lasa Vida and the rest in order to get Trump
over the line. I think that we're looking at a
guy I saw video posted last night on X of
him going through the old twenty sixteen campaign headquarters and
kind of the bare bones of the scenes there and

(09:20):
how excited he looked, and you know, just how vigorously
he supported Trump. And I think that this is going
to be a great moment now that he'll be, you know,
a senior advisor to the already campaign senior leadership team
who kind of struggled to get Trump over the hump
of this Harris honeymoon. And I think that with you know,

(09:42):
the added guns of Lindowski and the rest, I think
that this is going to be a great movement for them.

Speaker 2 (09:47):
We're talking with Mary Rook, commentary and analysis writer for
The Daily Caller. You can read her latest commentary at
dailycollar dot com. I only read half the headline. It's
a long headl but this is what the second part
really got my attention. It's time to let Trump be
Trump tell us what that means exactly.

Speaker 8 (10:09):
Well, you know, we saw in twenty sixteen Trump's ability
to really galvanize the working class vote. We saw him
win states in the rest belt that are much needed
in order to gain the unnecessary Electoral College votes to
win the White House. And I think that that's something
that Trump in particular can really talk to and talk

(10:31):
about his strategy with dealing illegal immigration and crime. The
way he lays that out really speaks to a blue
collar worker, and I think that this is going to
be an opportunity for him to be able to take
the shackles off, take the breaks off, and really kind
of combat that doom spiral that regime media has sent

(10:52):
out to the American people. I mean, we've been watching
a full throated support of the media with Harris and
not to mention, and you know, them defending every you know,
possible policy position that she could take, telling her that
you know, I saw on I believe it was MSNBC.
A political reporter went on today, Yeah, I think it

(11:15):
was this morning, and he was talking about how it
would be beneficial for Harris to not sit down with
the media, to not talk in detail about what her
economic policies would be to not talk in detail to
the American public about what her administration is going to
lay out here. And I think that this gives Trump
an attack avenue, and I think that Lewandowski and others

(11:36):
are great at crafting that message and helping him push
that out. And so when I mean Trump, let's let
Trump be Trump, I mean he was able to bypass
all of that in twenty sixteen, whenever we saw again
the media fully supporting Hillary Clinton and telling us that
there was absolutely no chance that Trump was going to win,
and that Hillary was up in all of these polls

(11:57):
and look at the way that she speaks to all
these voters, when in reality, it was Trump that was
making in roads and we saw the outcome about election.
So I think that, you know, they're going to try
and hit Trump on his personality and all those things,
but in reality, it's his personality that you know, sells
those votes for blue collar workers, which is what both
campaigns desperately need.

Speaker 2 (12:18):
You know, Here's why I really loved your column and
it got my attention because there are all these weak
need Republicans that are clutching their pearls saying Trump has
to be more discipline. He needs to stay on policy.
The old ways of Donald Trump aren't going to work anymore.
Your column seems to go against that. What's your answer

(12:43):
to them?

Speaker 8 (12:44):
You know, I think that that might have been the
correct way to go about it if he was running
against Joe Biden, be disciplined to set back. Let you know,
give Joe Biden enough rope to you know, hang his
own policies and you know, do all of that. However,
he's not running against your Biden anymore. He's running against
a very vibrant Harris campaign that has celebrity support, that

(13:06):
has you know, money funneling in from you know, all
these very very wealthy donors. And so Trump needs to
go out there and start hitting hard again. It's not
enough to sit back on your laurels and play defense.
He's got to play offense. And that's where Trump shines.
And so, you know, a lot of people talked very

(13:26):
badly about his part taking a part of the National
Black Journalists Association interview. When you look at, say, the
way Black Americans took it, it couldn't have been more different.
You had the media class who was saying that he
was being racist, and all of these different things. But
he went into the allions and he held his own

(13:47):
He talked about policies and how it was going to
affect the black community. And if you look at something
like the Breakfast Club Charlottne the God, and you look
at the people calling into his program, they talked about
how much they respected Trump for going in there, and
they talked about how much they appreciated Trump talking about
policy work and talking about the economy and talking about
how illegal immigration affects black jobs in America. And so

(14:11):
I think that there's this great disconnect between what you
like to say week need Republicans and what the actual
on the ground voters believe and see. And so I
actually had a very different take on that. I thought
that it was a really great idea for him to
go in. I thought that what he talked about was important,
and I think that that hit home with a lot

(14:32):
of voters. I mean, you're seeing I think that this
election is going to be so different from any one
of the others that we've had in the past, in
the sense that there's going to be an odd contingent
of voters that go out and vote for Trump, and
it's going to be based on the economy. It's going
to be a based on illegal immigration and crime and

(14:55):
what Trump is going to do to help those issues.

Speaker 2 (14:58):
That was an excellent analysis. Thank you. You can read
Mary's column at Dailycollar dot com and she has a
lot up there you're going to want to read.

Speaker 7 (15:08):
Mary.

Speaker 2 (15:08):
Thank you so much for your time.

Speaker 8 (15:10):
Larry, absolutely anytime.

Speaker 2 (15:11):
Mary Rook, opinion and analysis writer for the Daily Caller.
Still to come. What is going on with the stock market.
We'll talk with Thomas Hayes, founder and chairman of the
investment firm Great Hill Capital. He's going to try to
make sense of what's going on with the stock market
and is Kamala stealing Trump's ideas? And I'll have some

(15:33):
final thoughts on Trump and Kamala's economic plans. That's all
coming up on Saturday morning.

Speaker 1 (15:40):
Here's Larry Minti with more of the WOOR Saturday Morning Show.

Speaker 2 (15:45):
If you have money in the stock market, what a
wild ride you have been on record highs a month
ago and then a precipitous drop. What's going on and
more importantly, what should you be doing with your money?
For answers, we go to Thomas Hayes, founder and CEO
of Great Hill Capital. So Thomas, as always, thanks for

(16:07):
talking with us today. I really appreciate your time and
your expertise. Retail sales surged on Thursday to one percent.
That was much higher than economists expected, and the stock
market loved it. Why what does it mean?

Speaker 9 (16:22):
Well, the key thing that people underestimate is when the
US consumer has a job, they spend money, and even
though the unemployment rate has ticked up to four point
three percent, they still have a job. And actually there
are some data coming out showing that if you back
out the immigration surge, unemployment is a bit lower, close

(16:43):
to three point six percent versus four point three percent.
So I think what the retail sales number did after
that week jobs report is kind of give people comfort
that there's not going to be a hard landing. And
so long as the Fed does thither and they get
on with it in September, even if it's only twenty

(17:03):
five basis points, a hard landing will be averted and
we can reaccelerate now.

Speaker 2 (17:10):
Used to head, as long as the Fed doesn't dither.
That means you have an opinion on what the Fed
should be doing.

Speaker 9 (17:17):
What is it that's right? Look, I think they've got
to just simply get started. If it's not fifty basis points,
it's more like twenty five basis points. Get the process going,
and you can adjust. Let's have takeoff. If we need more,
they can do fifty basis points in December. If they
need less, they can do zero in December. But the

(17:38):
fact of the matter is the FED is extremely restrictive.
And what do I mean by that, Larry? It means
that inflation's running around three We saw two point nine
percent in the most recent prints, and they've got the
FED funds rates over two hundred and thirty basis points
above that. That is two hundred and thirty basis points

(18:00):
too tight. And if they kept up at that for
an extended period of time, you would start to see
the labor market aggressively crack. You would see people get
out out of their job. And I always like to say,
you know, people would rather pay an extra dollar for
a gallon of milk and still have a job than
be out of work and nowhere to go for six
or nine months.

Speaker 2 (18:20):
Yeah, it's interesting because I heard some people say that
today's number, the Thursday numbers for retail sales, that that
number might cause the FED to do nothing. Do you
That doesn't seem like that's going to happen, right, I think.

Speaker 9 (18:36):
That, Look, there is a risk of that. The market
is not telling us that so far. They could screw
it up. They screwed it up on the early side
when they said there was no inflation. There was no inflation.
There's no inflation. They could screw it up again. I
think odds are against it. They've been teeing this up
and teeing this up. And the one thing I'll give
Powell credit for is he likes to be fairly predictable,

(18:58):
and they've been aggressive teeing up through Nick Timrose at
the Wall Street Journal, the Fed whisperer that basically September
is a slam dunk. We just don't know whether it's
going to be twenty five or fifty. So yes, the
retail sales number could say offer pause. But with the
inflation numbers coming in where they did, with the jobs

(19:18):
numbers coming in where they did, I think we get started.
And I think that's a good thing now from a
market standpoint. Larry, Yep, we may have a buy the
rumor sell the news.

Speaker 2 (19:28):
Uh, you know what you were so good at predicting
what the market's going to do. What do you see
from here till the end of the year.

Speaker 9 (19:37):
Okay, So if you look at election year seasonality since
nineteen fifty five, it actually bodes pretty well for late August,
the month of August, and early September, and then it
kind of falls off ahead of the election. That is
coincidence with the first Fed cut, which historically, again if

(20:01):
you look back over decades, the market tends to initially
sell the first cut. So if you look at election
year seasonality since nineteen fifty five and the tendency for
a little sell the news on the first cut, if
you look twelve months out, the market's on balance up,
particularly when it happens when you're not in a recession.
So I think we could see some strength into early

(20:23):
to mid September and then sell the news on the cut,
sell the news on the election uncertainty, and then once
that's cleared off late October early November, we get a
year end rally because the underpinnings of the economy are
still strong, fifteen percent earnings growth expected for next year,
estimates still slowly climbing up, margins holding in there. This
earning season, earnings quarter was up ten point eight percent

(20:46):
versus eight point nine percent estimated, So on balance things
are okay.

Speaker 2 (20:51):
We're talking with Thomas Hayes, chairman and managing member of
Great Hill Capital. I want to I want to you
to explain again what you just said, because I think
it was really important because some people may not have
been able to follow you. But so you're saying, when
you say sell the news on the cut, you believe
in September there is going to be a cut and
that the market will go down.

Speaker 9 (21:12):
Yeah, I think it's twofold. If we look back, the
markets have a tendency. So if you take the average
Bock market performance in an election year, a presidential election
year since nineteen fifty five, we tend to see weakness
from mid September through early November, which makes a lot

(21:33):
of sense because people are uncertain what's going to be
the new administration, what's going to be the new policies
this time. It's compounded with the fact that the Fed
is likely to do their first cut, and historically, again
looking back decades on that first cut, there's often a
little bit of strength into the cut by the rumor

(21:55):
of the cut, and then when you actually get the event,
which is the cut. In fact, I think September seventeenth,
it's a sell the news short term, even though looking
out twelve twelve months after that, you are up higher
most of the time, particularly when you get a cut
in a non recessionary period. And when I say non
recessionary period, what I'm referring to, Larry is the fact

(22:17):
if you look at GDP now, the Atlanta Fed estimates
for this quarter are still plus two point nine percent.
I don't know if we get two point nine percent
or two percent, but I'll tell you what we're not
getting is a negative number, which you need two of
those in a row to get a recession, which I
believe we actually had in the first half of twenty
twenty two, but they didn't call it that. So everyone's

(22:39):
waiting for a recession. We already had a technical recession
in the first two quarters of twenty twenty two, which
means we had two recessions in two years twenty twenty
twenty twenty two. We're kind of due for a period
of some pleasantness, and I think we're seeing that right now.

Speaker 2 (22:55):
Well, how do they get away with having a recession
and not calling it that?

Speaker 9 (23:00):
National Bureau of Economics has a number of factors that
go into it, but everyone knows, you know, I know,
the guy across the street knows, the uber driver knows.
If you have two quarters of negative GDP growth, you're
in a recession. And you know what. Under the surface,
we've been in a brutal manufacturing recession for the past

(23:20):
twenty four to thirty six months. That is starting to
show barely some signs of green shoots. And I think
as you're seeing a little bit of Magnificent seven and
some of the big tech earnings growth decelerate a hair
we saw in this earnings quarter and we saw sell
off of eighteen percent peak to trough in the Magnificent

(23:42):
seven stocks, we could potentially start to see some of
the old world economies, the unmagnificent four to ninety three
components of the S and P five hundred start to
re accelerate earnings, and that would create a cushion and
some support for the stock market. Even if tech underperforms.

(24:03):
Underperformed doesn't mean crash, It just means perform less well
than the excellent performance that they'd had over the last
couple of years since the lows in twenty twenty two.

Speaker 2 (24:13):
Look, we're running out of time. I could talk to
you for a while, and we just don't have the
time for it. But as always, and I always finish
up like this with you. For someone who has some
money and wants to get into the stock market right now,
should they hold off, should they jump in? What would
your advice be?

Speaker 9 (24:32):
Okay, well, I can't give advice because we only deal
with accredited investors, But as an opinion, I would say this,
we're going to have some strength the next few weeks.
What I would do is maybe just sit tight a
little bit until October. Early October when people are going
crazy with the political headlines, you'll see a little bit

(24:53):
of volatility, and at that point you can buy an
index fund on some weakness. You can buy some high
quality companies that are mark down on some weakness. So
I think if you're sitting in cash, if you're fully invested.
We're fully invested, We're comfortable. We expect to be harvesting.
We harvested one company yesterday, but we expect to be
harvesting a bit more profits in the coming weeks, and

(25:15):
then we'll use that cash in October or so, before
the election, when people go bananas to buy some great
companies and as the market reaccelerates into your end.

Speaker 2 (25:25):
Thomas, as always, thank you so much for your time.
That was enlightening. I appreciate it.

Speaker 9 (25:29):
I appreciate it too, Larry.

Speaker 2 (25:31):
Thanks again, Thomas Hayes, founder and CEO of Great Hill Capital.

Speaker 1 (25:36):
Back now to the wo R Saturday Morning Show with
Larry Minti and now.

Speaker 2 (25:41):
Some final thoughts. The strategy of the Kamala Harris campaign
seems to be a simple one. Take as few questions
as possible, hide behind the teleprompter, change your position well
on everything at least until after you get elected, and
just steal Donald Trump's ideas because you don't seem to
have any of your own. It was June ninth, over

(26:04):
a month ago, in Las Vegas, Nevada, that Donald Trump
promised this.

Speaker 3 (26:10):
So this is the first time I've said this, And
for those hotel workers and people that get tips, you're
gonna be very happy because when I get to office,
we are going to not charge taxes on tips people
making tips.

Speaker 2 (26:25):
The proposal is extremely popular in Las Vegas, where thousands
depend on tips to get by. So when Kamla visited
Las Vegas this week, she just copied Trump.

Speaker 8 (26:37):
Will continue our fight for working families of America.

Speaker 9 (26:42):
Including to raise the minimum wage.

Speaker 8 (26:48):
And eliminate taxes on tips for service and hospitality workers.

Speaker 2 (26:53):
That was her first real policy proposal, and she plagiarized it.
Then on Friday, she came up with another doozy, another
proposal supporting legislation to stop price scouging at the supermarket
and the pump. That is a lie, price gouging. It's
a lie to cover up the fact that it was

(27:15):
the Biden Harris economic policy that caused runaway inflation and
then high interest rates after that to try and curb
that inflation. Former Democratic Treasury Secretary Larry Summers doesn't think
much of the idea.

Speaker 10 (27:31):
It is dangerous nonsense. There is no material prospect that
in any enduring way gouging legislation can have any substantial
effect on inflationary pressure, but it can cause and contrive

(27:51):
all kinds of shortages.

Speaker 2 (27:53):
He went on to say that this is just a
way of distracting from the real problem, and the real
problem is and always has been government spending like the
Biden Harris rescue plan that cost two trillion dollars with
only a small percentage actually going to COVID relief and

(28:15):
the rest going to Democratic supporters and causes A seven
hundred and fifty billion dollar inflation Reduction Act that the
Congressional Budget Office warned would actually raise inflation, and it did.
And the two point trillion dollar Build Back Better Plan
with less than thirty percent of it actually going to

(28:35):
infrastructure projects. That's six trillion dollars pumped into the economy.
That's what caused runaway inflation. The entire Biden administration was
a Democratic cash grab and you paid for it. Here's
Nobel Prize winner for economics, Milton Friedman.

Speaker 7 (28:56):
Inflation is made in Washington because only Washington can create money,
and any other attribution to other groups of inflation is wrong.
Consumers don't produce it. Producers don't produce it. The trade
unions don't produce it. Foreign sheiks don't produce it. Oil

(29:19):
imports don't produce it. What produces it is too much
government spending and too much government creation of money and
nothing else.

Speaker 2 (29:28):
And Milton Friedman would hate another economic policy proposed by
Kamala Harris, or maybe I shouldn't use that euphemism. More
to the point, it's a shameless bribe for voters. She
wants to give twenty five thousand dollars to every first
time home buyer, and just like student loan forgiveness before

(29:50):
the free down payment money will be thrown out by
the courts because it is blatantly unconstitutional. Congress has to
approve that everything Kamala is proposing is a pie in
the sky lie and she knows it. It's the most
cynical race ever. And at the same time, she distanced

(30:10):
herself from the unpopular Bidenomics policies that she wants champion
is working well, She's not saying that anymore. In fact,
she's trying to distance herself from the deeply unpopular Bidenomics
and pretend she had nothing to do with the last
four years. But the White House won't let her.

Speaker 10 (30:31):
Axios is now reporting that she is hoping to distance
herself from President Biden's unpopularity on the economy.

Speaker 9 (30:39):
Can you blame her?

Speaker 7 (30:40):
Do you know this is the Biden Harris administration?

Speaker 5 (30:42):
Are you aware that this is the Biden Harris administration?

Speaker 7 (30:44):
She is indeed the Vice president.

Speaker 2 (30:46):
Thank you, White House spokesperson Karine Jean Pierre. In other words,
she has to share in all of the failures over
the past four years, the border crime, foreign policy fail
and the biggest of all, the economy and inflation. She
was there and promoted every failure, and as soon as

(31:09):
the media does its job, she'll have to answer for that.
That wraps up Saturday morning. Thanks for listening. I'll be
back Monday morning with Lennon Michael in the morning from
six to ten. Have a great weekend.

Speaker 1 (31:21):
This has been a podcast from wor