The border turnaround is real—but will voters feel the economic recovery?

0:00The Census Bureau survey shows total foreign-born is down 2.9 million last year a profound reversal compared to an increase of 8.3 million during the Biden border surge. While despite the media's avoidance of the truth, will this historical accomplishment impact the 2026 midterms? Professor for Immigration Studies, Dr. Stephen Kamarata has the numbers and also the impact on birth tourism. President Trump threatens a trade war if interest rates aren't cut after the strong jobs report. Yet, economists were predicting a rate hike from Federal Reserve Chair Kevin Warsch. Bruce Robertson says inflation is being overstated and socialism is being understated. And then Medicare for All was likely concocted in the School of Freakonomics at the University of Bernie Sanders. Daniel Bernalski will explain how the Socialists are doing the old date and switch.

1:05At viewpoint, this Sunday is next. It is time to put away the bias, the lies and deceit and bring forth real talk from real people about real news. Following the out loud truth and capturing the essence of a new generation all in a fast pace tower. This is Viewpoint this Sunday. Welcome to the weekend, News Magazine. Viewpoint this Sunday. It is welcome out loud here and welcome to the broadcast, my fellow Americans. Okay, so listen, you know, we do these programs. We're on here here and let's face it, it always gets to the dire straits or whatever

2:07the bad news is or whatever. That seems to drive people and drive the news. To me, it gets old real quick when the sky has always fallen, you know. And oftentimes we forget to remind us of things along the journey here. I think it's what I'd like to start with you. Again, as I always say to you out here, Americans have short memories. We just do it. And that's not a negative thing specifically, although we would be due to what be wise up a little bit to be remembered some of these things. Part of that reason is because we're an optimistic people is what it is and we move forward to tomorrow, what tomorrow brings. And don't necessarily stay in the past. That can be a good thing for many times. It can also be a not a good thing when you don't remember some of these things that are vitally important. History is important. Let's welcome under the broadcast here, a terrific gentleman here. Dr. Stephen Kamerata is here. He's the director of research for the Center for Immigration Studies. He has been a pretty regular dozens and dozens of times.

3:10He has testified before Congress on the economic fiscal demographic components, if you will, of immigration. His research findings, the work he does is featured all over the world, really a lot of media stuff. I'd like to start first, Steve, 30,000 feet with you. And get more of an opinion from you if you don't mind, please. Just so we can set the table. And then I want to get into some numbers and specifics with you. But here's the deal. The Biden administration spent many years arguing that there were limits to what a president could do about illegal immigration. But we heard that pretty steadily. And many people started to kind of believe it. Now there's a proper way to do things through Congress and proper legislation, but they seem to never get there. We'll talk about that. But then Trump came in and the situation with the board of change, how do you say rapidly? And so does your thoughts here? Does that suggest that the problem under Biden was less about capability and more about

4:14political will, really, and truly? Yeah. Just remind your listeners that during the Biden administration, the number of border apprehensions or what they call encounters these days is people act the border trying to slip through or an illegal immigrant presenting themselves at the border. Those numbers tripled, quadrupled, under Biden. And eventually when we realized it was killing him politically, the spectacle of it. Because reporters didn't want to talk about it. They said, oh, it first, oh, it's seasonal. It's not a big deal. And then the argument was, well, it's happening everywhere and there's nothing you can do. One of the open borders groups here in DC, the Cato Institute, David Beard, one of their people, wrote a piece in the New York Times. Nothing Biden can do on illegal immigration time to embrace it. And but that argument really had been made for the last 30 years I've been in this debate. Look, illegal immigrants are coming. They're staying. There's really nothing you can do.

5:15And when Biden realized it was killing him politically, in the summer of 2024, before the election, they changed policy. And the number they put more pressure on Mexico, they adopted different policies of the border and the numbers dropped by at least half or more. Then Trump came in in January and the numbers cratered. It was always the case and has always been the case that the scale of illegal immigration is mostly determined by our policy. Our decision not to go after the employers even now is one of the big causes. My decision not to fully police the border is one of the big causes. Our decision not to track arrivals and departures so that we know who's overstaying Nervisa. Our decision to how we handle everything from asylum to detention to the pressure we do or don't put on Mexico to interdict people all determine illegal immigration. Legal immigration is not the weather. It's not outside human agency and control.

6:16It is explicitly reflects the choices we make here in America. And the damage of what you're describing is very serious to our nation. And if we remember the dire straits that we felt we were in when the border was being invaded, it was an invasion of the numbers here. Let's dive into that a little bit here with some of these numbers here. You just did a terrific piece. A Census Bureau survey shows total foreign born down 2.9 million. So let's look at this here a moment here. So it's an unprecedented decline in the foreign born population of 2.9 million from the list of these numbers here. This is just a very short period of time. January 25, right? You know what that marks, friends? That's when Trump came in office to July 2026. Just a couple of months ago here, right? Yeah, little less. So that open in part of Trump's administration. So it represents, you say, a profound reversal compared to an increase of 8.3 million.

7:238.3 million from January 21 to January 25. These are real numbers now under the Biden border surge. And it was about as reckless as it could be. And there were a lot of implications for that in our country that it's not just the numbers, but it's the pain from those numbers and just so many aspects to this here. Now, okay, Steve, these numbers are... Have we ever seen this kind of a ratio swing like this here? Have we ever seen a swing like of this magnitude here in our lifetime? No, probably never. Let me give you your listeners a little more background. So this comes from the household survey that the government does. It's really the census bill does the survey for the Bureau of Labor Statistics. It's where we get unemployment data and labor force participation, a lot of wage data. But about 30 years ago, they started asking people whether they were foreign-born, where

8:24they were born, are they citizens when they came to America and so forth. It's been a boon to researchers. Anyway, bottom line, that data shows that in the 12 years before Biden, the foreign-born population had grown about 7.9 million. And yes, we know for a fact that a lot of illegal immigrants show up in this data. Some do get missed. We could have that discussion. But we are capturing some large share of illegal immigrants. And again, the foreign-born is anyone who's not a US citizen at birth. So it includes green card holders, naturalized citizens, long-term temporary visitors like students and guest workers, and a huge component of illegal immigrants. Somewhere typically around a quarter to a third of the foreign-born are illegal immigrants. The other two thirds are a little more than that are legal immigrants. These things are pretty well established. You could debate them. Now you might say, well, I don't believe that you pick up illegal immigrants. Well, let me try to convince you of that.

9:24Money is we can compare what these days show to like administrative data, like how many kids are in public school versus how many kids in public school the survey shows. How many births there are in America? If there are a lot of illegal immigrants in America, it should show up in the birth records. Unless the illegal immigrants are all celibate. We know about 45% of illegal immigrants are women. So maybe they don't have any children, but that's contrary to everything else we know from other sources. So we can compare the two and the data does a pretty good, and I'll emphasize the word, pretty good job of capturing what's going on. In the 12 years before Biden, it showed 7.9 million net increase. Doesn't mean 7.9 million came. Many more than 7.9 million came, but that was the overall increase in the foreign-born, which is all set by about 300,000 deaths a year, just natural human mortality, and all the people who go home each year, which is generally thought to be about 500,000 a million immigrants go home each year, something like that.

10:25But it still grew in the 12 years prior to Biden, 7.9 million. In just the four years of Biden, it grew 8.3 million, which means a heck of a lot more than 8.3 million people came. It means that at least 12 million people came under Biden. Now that's legal and illegal, but a huge chunk of that was new illegal immigrants. Now remember, people leave each year. Also illegal immigrants get legal status. They marry an American. They win the visa lottery. They get granted asylum, and the Biden administration did a lot of that. So there's all this movement out of illegal status. And yet we still estimate, just based on this data, that the illegal population during Biden's presidency grew 5 to 6 million. Trump in here. When you say at least, at least at least, can you help me? Let's just remind real quick folks that these other various numbers that the Godaways and the people that were never recorded. I mean, we have thousands of miles of borders.

11:27And those are significant numbers. Is that a correct statement? Right, right. Oh, yeah, absolutely. So the Biden administration released into the United States 5 to 6 million illegal aliens. They gave them parole. They gave them deferred action. They released them on their own, reconnaissance. That sort of thing. So that. And there were, you know, 2 million people based on estimates that slip past the border patrol. And that doesn't include all the people who overstayed their temporary visas. But remember during that administration, like most, we gave legal status to half a million people who were former illegal immigrants. They got asylum. They married an American. They won the visa lottery. They found an employer to sponsor them. People do not always stay illegal. There are illegal who've been here forever. You don't qualify in any of those categories. But many people leave illegal status. That's the point. Millions of people over the last few decades. So I want to emphasize that. But my only point is that we know that the illegal population in this data exploded under

12:27Biden. And so that should give you some confidence. What it now shows in the overall farm born is a 2.9 million decline. We think the illegal population has declined about 2.3 million. Most of the decline appears to be illegal immigrants. And we just got to remember the words at least. There's so much we don't know is all I'm pointing out. There's so much we don't know when you're... But here's the thing that you're right. But some people might say, well, I think the illegal population is 30 million. Somebody recently said it was 100 million. Now, you know, you could never know 100%. But let me say this. Unless all the administrative data we have is no good. It can't be that. No, no. You know, Dr. Steve, a lot of people forget about that pain factor we talk about. Before I jump into birth tourism and I want to touch on some interesting things there, you just was at a hearing with the test force. We're talking about here and a sec here. But I got to move this pretty quick here now. I want to ask you here, there's a quality of life nobody's talking about. I want to get a quick comment from you on this quality of life.

13:30Mark Regorian and I back in the day. This is before Biden now. This is back well before then in Trump one and in Obama years. We talked a lot about the quality of life for Americans because the immigration wasn't quite the firestorm it became. And a lot of that was quality of life. There was the criminal aspect and all that. But it was the jobs. It was the jobs they were taking. It was the welfare state and all of that. You state in this report only 44% of the decline in the foreign-born are workers. The rest are children, the elderly and non-workers. The fact along with employment gains by the US-born mitigates the impact on the labor market and may help explain why the survey of businesses does not show a dramatic decline in workers. So here's the thing. People have to understand this is going to impact everybody, whatever's happened. You really need to have a legal immigration process and not the other. Which brings me to a big question I want to get an answer from you on is that what are

14:32the chances in your professional opinion of immigration policy being addressed and codified by Congress before the end of the Trump administration? That's not a joke question, but it is a real one. What's the answer to that? Zero. Exactly. Yeah, exactly. For reasons I can't explain the administration didn't even introduce that would have been impossible probably to get anything through. But why haven't they even? I like what you just said there. Hold on. Because I've been asking myself that seriously Steve. It's like why haven't they even introduced? Why haven't they even got it on the books? Why haven't they even tried to codify all this hard work they've done because correct me on this? But this whole thing, a new administration, what are they are and whatever sort of the aisle they're in, they can change the whole thing on this again in 2028, 2029. Is that correct? Oh, yeah. I'm sure that will happen. The Democrats will work hard not to create a border spectacle. So they'll do something different like fly the illegals in. There was the CHNV program which flew 500,000 roughly people.

15:35These were illegal immigrants defying the United States to allow them to apply for asylum. I would guess that the Democrats would be something like that. So it avoids the spectacle. People jumping over the fence or tearing a hole or lining up at a bridge. So they'll try to avoid the spectacle if anybody learned. But see, never solve the problem. Isn't this just like this get you so frustrated and aggravated as an amendment? They never solve the problem. The idiots on the left or the idiots on the right, they never solve the problem. Is that a correct statement? Yeah, I mean, all we get from the administration is a discussion of criminal aliens. Yes, do restrictions that purposely release people from jails who are criminal aliens? Is it terrible policy? But the reason to enforce our laws is not just that. It's national security. It's the impact on the American taxpayer. It's the impact on low wage workers at the bottom of the labor force. It's the impact on social cohesion. It's keeping the numbers at a level that we can assimilate and incorporate and integrate.

16:39There's a million reasons to enforce immigration. No, and your nail in them right there. There's no doubt about it. So here's the thing. Here's the thing. So when you look at all of this now, friends, and let's talk about birtthorism right now. There's another hot button that Trump has really tried to push back. Why? Well, because he knows it's criminal, because he knows it's egregious, what's happening? He knows it's theft. He knows it's at the highest order, and the numbers are significant. And it's wrong. And that's reason enough for him to go after. So don't get me wrong when I state he's done incredible things to push back on these campaign promises that he has succeeded in in a winning way. But without codifying this stuff with legislation and doing things that are vitally important, and get it on the record at the very least and show how the radical left communist are out of control, that is where the right falls short. And that's a dangerous thing to fall short in, because the soul think we'll Trump, because we have short memories in this country, we could be having a whole nother conversation

17:40five years from now, six years from now, forget everything that just happened again, and fall right into the next pile of you know what, and be in the same boat again. And this is what's sick about this thing. It makes logic, no logical sense at all that we allow this to go on as we the people. It is, it is really dangerous and reckless. Let's talk about birch tourism now. Just this week here, you were on a task force, which you, they're like I said, they always got you up there. You're the numbers guy. And you're given testimony before the task force on defend them constitutional rights and expose an institutional abuses. This was a committee on oversight and government reform who did this here. So in the kitchen to the real numbers of birch tourism, give us a scope. It, I mean, you're talking some best estimate we have at the center, you say, immigration studies, possible number of births to tourism, 20,000 to 26,000 a year. That's those data that goes back a few years. The numbers are huge and they're coming in and it's a business.

18:42It's a business where all these international groups, they do it. It's a business. They charge them on the leg and they come in and drop the baby and they wait a little bit, get the birth certificate and then go back to wherever they're going back to. Give us a sense at 30,000 feet. What's happening here? Right. So to remind you listeners, it's somebody who comes in like a tourist visa, a temporary visa stays at a hotel, maybe sometimes with friends, stays at one of these birthing centers. They've signed up for it. Then when it's time for the baby, they go to a hospital, have the baby and come back to the birthing center, wait to receive the birth certificate and the passport for their newborn child. They also need home country travel documents. So they wait here and then they leave the country and return to their home country with a US citizen child who is able, even though they're not growing up in the United States and was only here for a brief moment of their lives, is because of birthright citizenship, able to come back to the United States anytime they want, a 10 college work at any job

19:43even in the federal government, if they choose, potentially get a national security clearance that would not be possible for someone who's an immigrant until they become a citizen. But this person can do all that on day one. And so there are a lot of issues. And finally, one of the things that they're hoping, probably, is in some cases, is that that citizen child, when they reach 21 years of age, will be able to sponsor the parents for green cards, which is an unlimited category. And now it's about 250,000 people do so. So that's going to be the problem. We're talking about their Steve has changed migration, right? Right, exactly. So this helps drive to some extent. Now relative to the, oh, so if there are 250, 300,000 children born to illegal aliens each year, these numbers are would not, and these aren't really technically illegal immigrants. They don't count in that. But the point is, so relative to the scale, it's a small problem. But remember, as I point out my testimony, it's likely, 200 to 300,000 people have done this over the last decade.

20:48It's a quarter of a million people we're talking about. Yeah, yeah. It's a lot of, in worse than that, a similar adversaries and enemies are using this as a tool, we believe. Is that a correct statement? Well, I think it's most, I have no doubt that could happen. Mike, some in foreign intelligence service wants it to happen or pushes it. But really, it's just, and what it really is, if you want to know the truth, it's countries like Russia and China, the elites in those countries. Don't trust their own regime. They worry about arbitrary justice. They worry their assets could be seized. And having a US citizen child is a possible escape out. It's a way of getting out. And that's really mostly what's going on in a weird sort of way. It's countries often that have terrible relations with the US, but the people there would prefer our country to their own. Oh, yeah. Oh, yeah. Now, Trump has made a little progress on this. Now, the Supreme Court did not help matters out. And that was very controversial. That ruling could have flipped, but it did not. And now he's going about it in other ways.

21:48But again, without codifying any of this, this is just another ping pong game that has continued to play with the left and right in our country. Fair enough? Yeah. Now, in this case, a lot of things that we can do here really are regulations. They can be undone. So that's why you'd want legislation. But one of the problems is it is technically illegal to lie on your visa application. You can't say I'm going to Disneyland and then actually be coming to have a baby. You can't say I'm going to visit someone, but I actually coming to have a baby, but you have to make that case. You have to prove that. Well, the fact that you stayed at a burst thing center, the fact that you contracted with these individuals to help you get the burst certificate is an indication of your intent. You'd be made prosecuting people and including the birthday says, would be made dramatically easier if we just asked on the visa application, are you pregnant? Do you intend to come to America to try to have a citizen child? Things like that. We're actually given instructions for consular officers, but a nominal approach.

22:51Right. Yeah, that they that they not do that. Yeah. So that would make it easy. That would be an example of things we could do. Yeah. It's just prosecution. If you prosecute, not only the people who run these birth houses, but also the people who come to do it, and you could, at least for things like fraud and misrepresentation, you could do that. And I think the administration is trying to that. Well, again, 10 fees in power depends who's in power. The other prosecution is a lot of lab. I don't prosecute anybody on the radical left side. They want a seem to want an environment of criminals, Roman the streets and take it of out of your people and whatever capacity. And I say that not in a sarcastic way, but a factual way about every policy that you look at, go to what the statement, the grotesque statement I just made, reinforces that point. It's true. You don't, it doesn't matter what my opinion is on things. Just have to look at the facts here.

23:51Dr. Stephen Comerata, you're terrific. I hope you continue to continue to continue doing all the models of things you do, buddy, because you are a huge asset to this topic, you know? Well, thank you very much. You'll be happy to come back on and we can chitchat again sometime. Yeah, we will do it. We will do it. Dr. Stephen Comerata and Center for Immigration Studies, by the way, CIS.org. I can get a lot of information. Now, I have the greatest respect for this organization and the Executive Director, Mark Rugorean, is spectacular. So I'm going to take up the economy next. And what do you think Kevin Worsh is going to do, the Fed's here. This is getting a little interest in low slippery now, where this goes. Could be a short romance between him and the president, possibly, I don't know. And then how does the economy play into the midterms here at this point? It's going to be a big deal, friends. And that's the other piece of the pie we'll talk about next year. Stay right there. More viewpoint in just a moment. Classful weight loss is about changing the gut brain relationship with food.

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26:59sweeteners. To learn more, just visit bearbar.com slash out loud. The America Out Loud talk radio app is on Android or Apple. It's the perfect way to listen in to the new generation of talk shows and hosts who are ready to inform and inspire. And we joined you back here on Viewpoint to this Sunday. It is welcome out loud here and what is it? Privileged to be with you always, my fellow Americans and to all of our friends around the globe. Welcome back into the broadcast. Interesting conversations today as we're revving up for the midterms. I think the two biggest things I wanted to focus on today was both the immigration successes, what has taken place that nobody's really talking about, which we did with the Center for Immigration Studies up front in the broadcast. And what needs to be done to codify some of this stuff with Congress instead of playing ping pong with the left and the right that they do for the salvation and sanctity of all

28:01Americans, for we the people, if you will. The economy is the other big thing. And this is one that is going to be a little more problematic for the Republican Party, for conservatism, for a few reasons. But again, if you look through the tea leaves and see more of what's going on, there's a lot more to the story. We'll talk about that next year with two terrific gentlemen. Before we get to the two terrific gentlemen, let me remind everybody to go back to America out loud.News, the platform. And I need to ask you to do your part to share the stories, share the podcast, share the videos. There is content on here. You know, though it's said to me when I was a young guy in the advertising world and the media business, they used to say to me all the time, content was king. And I never really understood as a young punk what that really meant, but you kind of knew. But you know what I mean. And so now as I've gotten a little more mature, not too much. I said that to my wife yesterday, we were talking, she was talking about maturity. I said, honey, we don't want to get too mature. I mean, come on. But you know what I'm saying. And so we have to, we just have to remember that there's a lot to the big picture of life.

29:08And we got to remind the younger generations of what's going on and look historically at the things that we're doing. And that's very important. So help us share the content. Share the stories. Get them out there. The videos. All the great content here. Content is king. And we got a lot of a back at America out loud.News. Visit the shop as well. America out loud. Shop. Stay happy. Stay healthy. Don't out loud. Get the discounts. You can't get those discounts anywhere else. This is, it was a genius thing we did about eight years ago now. Let's bring on to gentlemen. Now Daniel Beranowski is here. He's a columnist. He's a brain. He's a big thinker, a political analyst. He's retired instructor of health care management and policy at the Harvard University School of Public Health. He's got an incredible series. He's been writing for America out loud.News. I so appreciate this man and all his contributions. He thinks me every time we talk and I think him twice back. So we don't, we always think in each other. But he's got an 18 part series out there on affordability.

30:09Go get that series out there and wait people up before the midterms. Please, please. And there's the current one I'll tell you about right now in the broadcast. Also, Johnnie is another strong voice. Bruce Robertson, 40 year career veteran. He's a great economic guy. Understands the market better than most. He's surely better than me and finance and political science. Just terrific. You know, I got to compliment the other day from you from, I don't know who was, some listeners said, love, love Bruce Robertson, Sean and so forth. So I didn't tell you that. I didn't want you to help head to swell Bruce. But that was true. Came in just a couple of three days ago. I said, well, we'll file that one in the good, in the good file over here. Not the trash can now, the good file. But Bruce's host of Unleashed the Political News Hour. His show is Thursdays, 7 p.m. Eastern time. All the show goes to podcasts the next day. Unleashed the Political News Hour, 7 p.m. Monday through Friday is a phenomenal show. Great talent on that broadcast.

31:10And Bruce is one of them. And I'm thrilled and just happy to have him on this network to be sure here. Let's start off here. Talk about, I want to talk about Federal Reserve Chair Kevin Wars. This is getting a little interest in now, Bruce. And I'd like to get your opinion on a couple of things here as we understand the politics and all of this. Now, okay. So now the AP says Fed's year, Wars signals rate hikes may be needed with US inflation stubbornly elevated. He said it was still too high. Now they're trying to get to this 2% haven't really been to 2%. Biden was at 9%. Of course, that's just those base numbers. It really could go up to 2025 percent on some of these things. And just as Trump's numbers could be higher in several categories as well, this is one and I think Bruce, what about three, 3.4 or something like that? I believe there's the last numbers I've seen. Yeah, that's the top line number. The core numbers below that a little bit. Right, right. Exactly. So we can explain that to folks, but here's the thing. There's some arguments on the back side. I assume you've heard them as well that maybe the Fed is overstating their case by always

32:13saying this 2% 2% 2%. Americans have a lot of ingenuity, a very innovative culture we have. And maybe that number should be more adjusted to 3% or 4% to, in other words, to give some free will to the innovation of the American consumer and stop puttinas in, you know, hangin' us by the news here or puttinas in neutral. Which is what they do all the time. It's like a car ride. We're getting sick from the back and forth motion here. Please say to all that Bruce. Well, I've always been a firm believer that inflation at its bottom line is created by supply and demand, of course. And there's too much supply of easy money out there. The Fed's been printing like nobody's business. And, you know, so we have all this money floating around seeking a home part of it is why

33:14the, you know, I'm not complaining, but part of it is why the stock market is hitting new highs all the time. Because that money has to find a place to settle. And it usually winds up in financial instruments barring any other type of investment. So what creates inflation is really too much money. Now do they want to reach out and start pulling money out of the system? I don't know if that's going to be a palatable solution to most politicians and most Fed administrators. So we're getting growth in jobs. And the latest jobs number looks to be very good. And so against the rate, hold on a minute, that you just said as a point I wanted to bring up with you. It was an incredible report. But then when that happens, I was almost, this is kind of sick. I was not hoping that the jobs were trashed, that it was super freaking low.

34:15So that would force the Fed to adjust the rates the other way. Now, that's pretty sick thinking, isn't it? Yeah, I think, honestly, I think he's going to stand pat on rates. But, you know, more jobs, obviously means higher employment and higher employment means a greater demand for good people, right? Which means that wages have to go up, but we need some wage inflation in this economy. Wage inflation is different than consumer price inflation. So how do you free up consumer price inflation? You got to free up the supply chains. You have to get oil prices down. And one of the reason, you know, Trump has been shoring up the Western hemisphere in terms of oil. We're going to be in charge of more than half the world's oil. Right. But the problem is it isn't going to happen before November. You see, it's not going to happen overnight. No. Americans have short patients and short everything, short memory, short patients. We want it now. We want it cheap and we want it good, Bruce. And if we can't get that, it ain't going to work. So that's kind of the problem.

35:15Here's the thing. Trump had a horrible relationship with Jerome Powell. It got very, very ugly, very, very nasty. Was not a pretty picture at all. Powell, of course, too late, Powell, and he kept playing it that way. And he did do a lot of this stuff. And it kind of tanked things and made it harder for the American consumer. Now buying houses, buying cars, financing things, credit card rates, all of the stuff, this is real world impact to people, Bruce. And we can say our ivory towels and towers and think it doesn't matter. But it damn well matters to people everywhere. And even people who have something it matters to, because they don't want to pay all this extra money and interest in everything else. So here's the thing. Trump had that horrible relationship. He gets Kevin Wash, who's got a good reputation. And he had a very steadfast on the way he believed. And now the hill, you see the headline yesterday in the hill, says Trump threatens trade war if rates aren't cut after strong jobs report. So he's asked, usually they do it reverse of that, which I've never understood.

36:19And I do agree with Trump. He says they're doing it as backwards. And I agree with him. I think they are doing it as backwards. I don't think he should say in that. But he said that. And now he's demanding or he's going to create some firestorms. And he's kind of a little pissed at this point. He may do it. And I wouldn't have a problem with that, Bruce. I hate to say that, but I am going to say it. So do you think, I mean, I don't think Kevin's going to raise the rates. I think he fight against that. I think it's going to be hard for him to get a still rate reduction. But the president is calling for it. And if he doesn't get it before this, I think you could have another feud with him and Wash. And that's not going to be pretty either, is it? No, but what I'm seeing in terms of the market, in terms of the markets, you know, the market sets a lot of rates too. Let's not forget that it's not just the Fed. The market itself sets rates. I mean, the mortgage rates in this country are tied into the 10 year treasury bond. OK, so that's the indicator there. But we had a yield curve that was pretty much flat and was inverted for a while

37:24on the treasury bonds. And now we're starting to see treasury yields lift up a little bit, which means strangely enough, people say, oh, rates are going up. Well, the long end had to go up for the yield curve to be a normalized yield curve. Right? So if, now, what could happen is that the long interest rates go up, the middle interest rates, like the 10 year state, right around the same area, which means mortgage rates don't go through the roof. And then the whole thing gradually comes down as we fix some of these bits and pieces that need to be fixed in terms of supply for oil and other things. But as I said, we said that. Well, fast. So between now and November, crystal ball, crystal ball moment here between now and November, you don't see too much happening with the rates or anything that's going to push because right now consumers are on defense with things. And the economy drives elections. This will not be strong for Republicans to conserve it as if they don't get, and of course

38:26you can do a lot of rallies or remind people of this stuff. But you see a lot of movement here, do you, between now and now? No, and politics and economy are two separate things that are affected by each other. But the point is, you remember a few weeks ago I was on this show and I made a prediction that we would win the House and probably the Senate. You did. Okay. You know, I was doing some math, which is better than doing some math. And the House is winnable. Okay. I think the House is winnable. And you know, Trump's got $403 million that says we don't lose the election. Okay. Have you looked at the finances of the Democrat Party these days during the deficit? Oh, yeah. You know, Democrats lead the generic ballot by about five. Yeah. Okay. But there's a lot of toss ups and 17 Republican held seats. Yeah. Good point. People have lost all support back to what you just said with the Democrat Party. It's, they're not getting any dollars at all. I mean, their finances have left the barn. I mean, they don't want, if that's pretty talent, isn't it now?

39:29That's talent. It is. I mean, the RNC has 128 million in cash and no debt. The DNC has 16 million in cash and 18 million in debt. Yeah, they're in front. They're in debt. They don't have anything. They're in. So why does anybody really, the media doesn't talk about this. Naturally, they hide it all, but how are they going to run a federal national campaign is beyond me when they don't have any money. And the big cats are not financing them because they don't like their pot. They don't like, they don't have any effective policies, even to Democrats in this country have left them. So, yeah. I don't know. And a lot of their money comes from the big tech guys. It was coming from the big tech guys. The big tech guys are all supporting Republican causes right now led by Elon Musk. Well, and a lot of this should play into the election. Daniel, let me get you in on what we're talking about right now. Now, before I get to this Medicare thing, and I want to spend some time on that with you here, this, speak about this shift within the election and what we're talking about here, that again, do you anticipate seeing much with the market economically between now and

40:32November? I mean, much of this will probably be more than 27, but that's not going to help the election out. But again, what Bruce pulls out here is very, very important. They got no money. They're in debt. It's shocking to see that the radical financiers are not putting money in the cash in the cash register for the Democrat party. How are they going to run a national election with no money? They're in debt. I don't think I've ever seen something quite like this before, but yet they're predicted to win everything so the media is saying. Is this overstated by the media? Or do you think the Republicans can do this? Or do you think the Democrats have it? The Democrats don't have it. Trump has been by and large been correcting all the sins of the past. Not only the Biden's socialists that have really run the country, the four years where Biden was in, but also the lead up to that and it is staying the course hours the most

41:33appropriate thing. There are so many externalities right now impacting the economy and in these industries we're talking about. And you can argue about whether it was a good time to go and take on Iran, which it probably wasn't. Although it's a necessary thing. That's a hell of a point you bring up. He takes that to, when that's a question with him, Daniel, he brings back the nuclear part, right? Right? The nuclear. And that's true, but they weren't going to launch a missile. That's the point of bringing, we're talking about. He's saying he had no choice. But no, I think you bring up a hell of a point. Politically, he might have avoided this hot potato and then maybe done the attack in December. Yeah. Well, that, yeah, he would have had the time to do it, especially if he had the Congress with him. And that's the risk that he took. And I think that he's, there's a possibility he's going to lose on that. But the Democratic Party right now has got a huge problem on their hands.

42:37I don't know if you're familiar with the story of Daniel Webster or the devil. Yeah. It's a story about a new hamster farmer who'd been down on this lock. And the guy was a little shady to begin with. He decided that Mr. Scratch, who's the devil, came by and said, well, I'll give you seven years of prosperity if you sell your soul. And so he said, signed the up. And for seven years, he was king in the valley. And they got to be to that seventh year. And then Mr. Scratch showed up. And he needed to turn me. And thankfully he didn't pick anybody from the Lacey Kansas, uh, a fancy group that was just. You're up to that story with Daniel Webster. That's a little piece to pull out. But Daniel Webster then said, I'll challenge you. We'll have a trial. And so Mr. Scratch brother and jury of all these reprobates from long gone are all dead,

43:37but they sat on the jury. And you know, Daniel Webster talked to this jury and got him to equip this guy and keep him because he was good. He was a good American. And the American away was the right thing to do and everything else. And if this is exactly what the Democratic Party is. That may be a good subject matter for an op-ed, by the way, hint, hint. Daniel Webster. They're my people. Well, they've sold their soul to the devil in this. And the irony of it is, as you know, today in Chicago, the DSA is having a big convention. Yeah. And even some of the topics that they have for talking points are just amazing topics. Well, in the end, hold on. Now that goes against this whole thing. Now the, the, the, the democratic socialist America, the DSA, uh, they've got a lot against them. They didn't win the redistrict in race that they were trying to fight over lives. They didn't win that the left. They tried like hell, but they didn't get it all. And that kind of favored the Republicans on that side of the aisle.

44:39You've got a lot of these other things that are momentum driven. The Iran war was the key. For I jump on the medics, Bruce, I want to ask you something. What, what, what Daniel says there, that political hot potato of Iran, uh, this is not a popular conversation in America. But I have to tell you, it is also tore up America first in mega. There's a good percentage. I'd say probably about 25% of, of that core group are really discomforted by this around a conflict here on many levels because they didn't forecast this with Trump's campaign and what he was trying to come in to do. And so, could, if he had avoided that as Daniel points out, might have been a little more politically strategic to do that. And then do after Iran, it's not like they were going to pull the liver that Monday, you think you don't really know. But could that have been a blunder in big ways? I actually think that Iran is not about Iran. I think Iran is about the stranglehold that the city of London has had over Persian oil,

45:41over shipping in the Middle East, over insurance through Lloyds of London and all, and over offshore bank illegal offshore bank money laundering that's been going on for 100 years. Because Britain owns all the offshore banks. Okay, all those offshore banks are originated in England. You've got the camons. I can't go down that road there. No, that's a deep, that's a deep rabbit hole. I can't go down there now, but you think there's something more to that story then. That's faster. I think it's much deeper than just Iran and oil because we don't use a lot of Iranian oil, first of all. Yeah, very, very little. But the other thing is that in order to free up our economy and the economics that Trump is trying to enact, he has to free the stranglehold of the old colonialism, extractor policies of England. Interesting. And there are some things. And by the way, Bruce has an interesting show and piece out as you hear this on Sunday

46:44here. You'll see it somewhere on the front page. Socialism's new generation and a tale of two nations, very, very fascinating. He gets into the UK, the old English system in America, very, very, very interesting. I want to get now to Medicare quickly here and talk about this here. There is a brilliant piece that is being highlighted and spotlighted on the network. Medicare for all, how many times have you heard that friends? If you had a buck for every time you heard that, you'd be loaded. You wouldn't have to work anymore. Be like the left. Freakonomics. It's what it is, right Daniel? And it is in switch. Medicare for all, especially the Democratic Social America version, likely concocted in the School of Freakonomics, Daniel says, at the University of Bernie Sanders, despite campaign rhetoric, there is no actual Medicare for all program. And it's unlikely one will be created anytime soon. Listen to this here and talk about this, Daniel. You say this. Recently, the Social Security Medicare trustees released the annual reports on the financial status of the nation's two largest entitlement programs.

47:46Both of them are in approach and in solvency. We're talking in big ways here, friends. That's not just the political talking point. The left and right do this all the time. This will run dry, by the way. In other words, and more point in words, Medicare is so secure on the verge of total bankruptcy, called for immediate action by policymakers to enact trust fund solutions. Perhaps a rhetorical question, but don't you think Medicare for all takes a backseat to the Scream at bankruptcy issues? That's a hell of a point. Now, the left and the radical left, the DSA, the Democrat Party are trying to say health care for free. They're trying to communize America, boil beyond social. Well, this Medicare, no, it's a big switch. People think that Medicare is this nice fuzzy thing that old people get and all their needs are met on the health care scene. But Medicare is pretty darn complicated in the first place. And using this Medicare for all-term and looking at somehow reducing the tremendous expense

48:51we have in all the back room operations with insurance and claims and all those hassles. Those hassles aren't anything compared to the hassles out of the British system or even in Canada. We've got reports of people coming out from Canada for the simplest of operations simply because rationing takes place when you clamp down on a lot of these things. Rationing takes place. And not only rationing and time, it's also rationing in the types of care you get. Well, as you know, further down the road on all this, by the way, health care and otherwise, they are becoming a socialist nation. They're already there, Daniel. Oh, I know. The, especially as these technologies move forward, you know, there's more and more stuff coming to market. AI's got to revolutionize everything in health care like it's doing. You know, they ought to take that maple leaf on the flag and turn it to a cannabis pitcher

49:52rush. Because they totally have some sort of medication out there in the North, you know? I would agree. But even on medications, there's certain types of cancer drugs that in some of these countries, you've got to be a special, special, special case to even get put on a protocol to use them. And that has them in the case here. As you know, in my audience, those, I have both breast cancer and leukemia and I've had for 14 years saved by some of the top line cutting cancer drugs that are available. I wouldn't be around today if I lived in some of this. You are a walk in. You are a walk in. And Daniel and I've talked about this on here before on Project Out Loud, our new video podcast and talk radio broadcast. And he is a walk in miracle without a doubt what you have fought against your, your, your life. I've had marvelous care and I've been very, very fortunate in that. But it's available here in the country. I can get that and I appreciate that so much.

50:53And having traveled most of the world doing health care and issues in other countries. But Daniel, I get nine lives. How many lives do you have? Do you get, you know? I'm hoping for somewhere around 11 or 12. My wife has got to pay that lower, lower. No, no, she doesn't want to. I love it. I love it. So listen, let's get to the summation of this. What's the big, uh-huh message you want people when you're going to take away from freaky comics? It's a pipe dream that nobody can afford to put this system in place. And there's no one such system. Everybody's got a system. If you look back in the literature and the peer reviewed literature, you know, for 20 years now, people have been trying to solve this problem of doing away with all the back end, it's been a straight up cost that go on and it, and it is clumsy. It's going to get better with AI. But at the moment, it's very expensive.

51:55And, you know, but I think that before this, not to mention about that we haven't even mentioned there were 40 trillion dollars in debt. And, and, and the other problem by putting Democrats in charge going forward now, if that happens, Democrats have never encountered a problem that more spending will fix. Well, I hear what you're saying, Daniel, but let me also push back on you and I'm sure Bruce as well would have the same opinion there. There are Republicans haven't done a great job either, by the way. Oh no. Well, no, what I'm saying is they could help fix some of this crap, but they haven't. And they just like not codifying some of this stuff and moving on things that I talked about up front in the broadcast. That's not been done. But in other words, they, you know, Trump spent an awful lot of money in his, I mean, we have to call truth truth and facts, facts. I know you guys want to sit and sit on your high horse and tell me that never happened, but that's, that's bullshit. It has happened. We haven't had the numbers to make that happen. We're in this cragmy right now. I mean, the house has done remarkable things in these two years, things that I would have

52:59never expected that Johnson could have gotten through, but everything dies in this Senate. And it's not been a cakewalk in the house either because we're on such low margins. And even the Republicans, you can't get the Republicans to be Republicans in this agenda. What it is, because Republicans, I don't see the label of Republicans. It doesn't mean in my world conservatism. No, that doesn't, that's for sure. No, it doesn't. It does not. So so what, you know, if we had, if we had really pushed back on the things we campaigned against when it comes to real conservatism and held the line on spending, even through all that COVID stuff, Bruce, that would have real fast, 32nd answer. That would have made a difference. What, what could it not have or am I over speaking that? Well, you know, we can't go down to COVID rabbit hole, you're right, but the, you know, the point is spending, you had to flush the economy to avoid another, you know, like

53:59the credit crisis situation where everything sees is up. Right. Well, about it, Bob, there's too much damn money they floated into the system. You already said it. You already said it. Yeah, I know. Yeah. And that creates inflation, but all we have, all we have is, you know, we have pretty mild inflation compared to that under, I agree. I agree. Okay. But they make it a catastrophe. But Burmourous, look at that big beautiful bill. That bitch was expensive. It was expensive, but look what it did. Okay. It was a great bill. Look what it did. Look at, look at, look at all the tax savings and so forth. I mean, all that tax savings feeds into the economy and creates growth. But it didn't wait the American people up to understand that they are better off now than they were than the American people have short numbers if any memories. They only read the headlines, you know, they only read the headlines. And then the left's headlines. People don't do their homework on either side. And you know, I find that more and more, I'm talking to, you know, non-player characters

55:01like in a video game, the non-player characters are the gray figures in the background who don't do anything in the game. Yeah. But listen, we're getting done what we can do and it's, look, we have to get over the next hump of the election. Okay. The midterms are... I don't know if this doesn't, if this message doesn't get out, my friend. The midterms are turnout elections, okay? We need turnout. Yeah. And let's be clear. The Republicans needed to do a better job at telling this story. You're absolutely right. Well, for sure, but again, I'm calling out the establishment as well. And I know a lot of Republicans don't like to do that, but I think they should be playing it a lot stronger. And I know my audience, many of them will agree with me and some may not. But listen, here's the thing, gas prices are still high, okay? But they're still far lower than under Biden when there were $5.07 together. That's what I'm going to remember that. They're not going to remember. They're not going to remember the 9 to 20% inflation.

56:02You understand? They're also saying, they're also saying, I don't like the Iran War, you know? War, really? Whenever you've ever seen a war, whenever you've ever seen a war without a single soldier's boots on the ground. Well, they're not going to like any of this. You know, until, you know, Daniel, the way the left is going to fight back or the way they would like it, if something happened and they were able to get a nuclear weapon off, they were pretty darned there at the rate of the cusp of it. We know that. But how they done that, then the left would say, well, why didn't you do something? What the hell? Right, right around. You can't. Absolutely. Absolutely. I just wish the conservatives would take more control of the Republican Party, frankly, gentlemen. And I wish they'd put back on this spend then back to your 43 and in debt. And the Republicans have spent some of that as well. And a lot of it has also, a lot of us come under both Trump and Biden have doubled the debt. It's gone from 20 to 43 and under Joe Biden and Donald Trump.

57:03Yeah, but Trump has done, he's put money into productive issues. You know, that big beautiful bill had had this expensing of industrializing our country again. They still jobs in debt. I agree. I agree, but they still double the debt, Daniel. They still in the catastrophe. And I just look at the facts. I can't, you can't debate what I just said because it's a fact. And Trump has half of that. It wasn't just Biden. He's half of those numbers. I know, no, you all don't want to hear that. But it is a fact. And you can say, Eddie, why? What? I don't know. He's probably 49 percent. No, not 50. Yeah. We'll call it 1 percent of friends on top of that. Long term plans. I think Trump is his policies have been incredible. I think the economic policies have been incredible. I think the immigration policies have been incredible. The policies in general from the right are far more superior. The left absolutely is disgusting. But the message in out to the public is not good. And you have to play strong conservatism.

58:05That means you've got to cut that debt way back down, which is what Trump has talked about many, many times when the Trump was 23 and he was railing against it. But now we're 43 and we're getting in a very dangerous episode here of Bankrupt in our nation and ways that we will not be able to come back from. We're going to have to get there. We haven't even talked about fraud, you know. No, right. And when you lower taxes, Congress has to cut spending at the same time to get any real growth. Absolutely. That's right. That's right. It's a mixed bag. And no, I totally, I'm definitely believing conservatism and I support the policies the president has done to be sure. I think sure beat what the radical left has been imposed on us and what they plan to do in the future. There'll be no United States of America left, my friends. It'll be gone. That is a wrap here. That was just a marvelous conversation with Daniel Barronowski, Bruce Robertson. If you want to join me on the broadcast, it's time to get involved and get out America.