RUSH TRANSCRIPT Strong economic ░░░░░░░░ Jackie amazing interview from ░░░░░░░░ I want to get ░░░░░░░░ on it from qi ░░░░░░░░ CEO and former Dallas ░░░░░░░░ adviser Danielle DiMartino Booth ░░░░░░░░ the certified public accountant ░░░░░░░░ Geltrude Danielle reaction to ░░░░░░░░ interview I love the ░░░░░░░░ neil does it She ░░░░░░░░ t admit that Biden ░░░░░░░░ can t cop up ░░░░░░░░ the fact that it ░░░░░░░░ t 9 when he ░░░░░░░░ office You know that ░░░░░░░░ it s very painful ░░░░░░░░ listen to this We ░░░░░░░░ have to bear in ░░░░░░░░ though that the inflation ░░░░░░░░ was ignited was a ░░░░░░░░ You ve got to ░░░░░░░░ get the kindling to ░░░░░░░░ on fire before you ░░░░░░░░ get the bigger logs ░░░░░░░░ the fire to also ░░░░░░░░ take flame And it ░░░░░░░░ the composition of the ░░░░░░░░ the CARES Act and ░░░░░░░░ another stimulus bill And ░░░░░░░░ when Biden came into ░░░░░░░░ yet another stimulus bill ░░░░░░░░ and more and more ░░░░░░░░ until we crossed this ░░░░░░░░ trillion rubicon It was ░░░░░░░░ supply chain issues in ░░░░░░░░ end it was too ░░░░░░░░ money chasing a too ░░░░░░░░ goods and service ises ░░░░░░░░ the continuation services And ░░░░░░░░ continuation of the never ░░░░░░░░ spending that is what ░░░░░░░░ us nearly to double ░░░░░░░░ inflation And of course ░░░░░░░░ current administration has a ░░░░░░░░ difficult time acknowledging this ░░░░░░░░ well as the fact ░░░░░░░░ millions of Americans are ░░░░░░░░ their full time jobs ░░░░░░░░ re being not even ░░░░░░░░ replaced with part time ░░░░░░░░ The lying has absolutely ░░░░░░░░ to stop I think ░░░░░░░░ d actually do themselves ░░░░░░░░ service if they would ░░░░░░░░ lying to the public ░░░░░░░░ this point Jackie and ░░░░░░░░ s the thing Dan ░░░░░░░░ to get too political ░░░░░░░░ you but ultimately when ░░░░░░░░ stand up and you ░░░░░░░░ t bring any new ░░░░░░░░ to the table or ░░░░░░░░ t even admit that ░░░░░░░░ messed up on the ░░░░░░░░ that you implemented causing ░░░░░░░░ American people real financial ░░░░░░░░ over the course of ░░░░░░░░ the last three and ░░░░░░░░ half years that s ░░░░░░░░ hard campaign message We ░░░░░░░░ talking about it earlier ░░░░░░░░ the debate is approaching ░░░░░░░░ CNN presidential debate next ░░░░░░░░ You know President Biden ░░░░░░░░ got to somehow figure ░░░░░░░░ that s his opportunity ░░░░░░░░ how to say to ░░░░░░░░ I can fix this ░░░░░░░░ he wants to win ░░░░░░░░ even if he says ░░░░░░░░ now do you think ░░░░░░░░ will believe him Matter ░░░░░░░░ anyone says whether it ░░░░░░░░ the president or people ░░░░░░░░ us whatever our opinions ░░░░░░░░ people feel it in ░░░░░░░░ pocketbook with Jackie yeah ░░░░░░░░ to convince anybody that ░░░░░░░░ is cheaper home prices ░░░░░░░░ cheaper grocery prices are ░░░░░░░░ It s just not ░░░░░░░░ to happen no matter ░░░░░░░░ you spin this The ░░░░░░░░ point here is is ░░░░░░░░ when you talk about ░░░░░░░░ inflation is coming down ░░░░░░░░ is year over year ░░░░░░░░ have to look at ░░░░░░░░ cumulation of inflation Over ░░░░░░░░ past three years it ░░░░░░░░ been 20 That s ░░░░░░░░ people feel So you ░░░░░░░░ continue to have wage ░░░░░░░░ It s not going ░░░░░░░░ solve the problem Jackie ░░░░░░░░ Solve the problem stop ░░░░░░░░ the system with cash ░░░░░░░░ and unfortunately it s ░░░░░░░░ of a never ending ░░░░░░░░ The wages have gone ░░░░░░░░ but they haven t ░░░░░░░░ up enough the make ░░░░░░░░ whole with respect to ░░░░░░░░ price increases that a ░░░░░░░░ ve seen danielle And ░░░░░░░░ of this of course ░░░░░░░░ been action from the ░░░░░░░░ Reserve on interest rates ░░░░░░░░ now you ve got ░░░░░░░░ rates just sitting urn ░░░░░░░░ know that 7 mark ░░░░░░░░ making it really tough ░░░░░░░░ people to get any ░░░░░░░░ of a loan that ░░░░░░░░ need This is an ░░░░░░░░ that s been difficult ░░░░░░░░ American to navigate hen ░░░░░░░░ ve got the success ░░░░░░░░ then you ve got ░░░░░░░░ stock the market on ░░░░░░░░ other hand a and ░░░░░░░░ re wondering are they ░░░░░░░░ to start cutting rates ░░░░░░░░ now The data doesn ░░░░░░░░ appear to give the ░░░░░░░░ runway to do that ░░░░░░░░ an excuse if you ░░░░░░░░ to start reducing interest ░░░░░░░░ probably as soon as ░░░░░░░░ There s a very ░░░░░░░░ revision coming for payrolls ░░░░░░░░ August prior to September ░░░░░░░░ 18th next fed meeting ░░░░░░░░ that will show that ░░░░░░░░ of just three months ░░░░░░░░ net job losses through ░░░░░░░░ third quarter of 23 ░░░░░░░░ we actually stretch that ░░░░░░░░ six months of job ░░░░░░░░ through the end of ░░░░░░░░ to 23 given what ░░░░░░░░ ve already heard from ░░░░░░░░ nation s most populace ░░░░░░░░ the California that has ░░░░░░░░ you know what We ░░░░░░░░ net job losses in ░░░░░░░░ third and fourth quarters ░░░░░░░░ 2023 I think once ░░░░░░░░ Chair Powell is faced ░░░░░░░░ that data on a ░░░░░░░░ level that he will ░░░░░░░░ start to lower interest ░░░░░░░░ But this is going ░░░░░░░░ be very little releave ░░░░░░░░ Americans to have one ░░░░░░░░ relief for American Americans ░░░░░░░░ one small rate cut ░░░░░░░░ s going to be ░░░░░░░░ little too late by ░░░░░░░░ Jackie we also heard ░░░░░░░░ that our deficit is ░░░░░░░░ to hit 1 9 ░░░░░░░░ this year It s ░░░░░░░░ higher than they had ░░░░░░░░ back in february9 with ░░░░░░░░ biggest driving factor being ░░░░░░░░ President Biden s student ░░░░░░░░ cancellation plans So Dan ░░░░░░░░ want to get to ░░░░░░░░ on this These are ░░░░░░░░ that are tough for ░░░░░░░░ to swallow and by ░░░░░░░░ way they re skirting ░░░░░░░░ rules to even try ░░░░░░░░ push this through So ░░░░░░░░ we re in a ░░░░░░░░ position where some of ░░░░░░░░ policies are hurting Americans ░░░░░░░░ than they re helping ░░░░░░░░ let me say this ░░░░░░░░ time one of these ░░░░░░░░ is proposed you always ░░░░░░░░ well it s going ░░░░░░░░ be paid for We ░░░░░░░░ going to make cuts ░░░░░░░░ we re going to ░░░░░░░░ this we re going ░░░░░░░░ do that So it ░░░░░░░░ going to be debt ░░░░░░░░ deficit neutral It never ░░░░░░░░ Every time we talk ░░░░░░░░ these types of plans ░░░░░░░░ ends up happening We ░░░░░░░░ to add to the ░░░░░░░░ debt and those deficits ░░░░░░░░ after year So until ░░░░░░░░ federal government and I ░░░░░░░░ t think it ll ░░░░░░░░ happen comes to the ░░░░░░░░ that we cannot continue ░░░░░░░░ spend without truly making ░░░░░░░░ it s never ever ░░░░░░░░ to work Jackie and ░░░░░░░░ as President Trump hits ░░░░░░░░ battleground states he keeps ░░░░░░░░ know hammering home the ░░░░░░░░ issues He s proposed ░░░░░░░░ couple of ideas He ░░░░░░░░ to lower the corporate ░░░░░░░░ rate he wants to ░░░░░░░░ tax tips for the ░░░░░░░░ class and several other ░░░░░░░░ revolving around tariffs as ░░░░░░░░ How do you think ░░░░░░░░ are going to sit ░░░░░░░░ the American people You ░░░░░░░░ he s saying listen ░░░░░░░░ is a different moment ░░░░░░░░ time I m going ░░░░░░░░ take my Trump policies ░░░░░░░░ when I was president ░░░░░░░░ m going to kind ░░░░░░░░ put them in a ░░░░░░░░ I ve evolved I ░░░░░░░░ listening to you and ░░░░░░░░ are some solutions that ░░░░░░░░ can really get your ░░░░░░░░ around Should look again ░░░░░░░░ the example of California ░░░░░░░░ of the nation s ░░░░░░░░ only 11 of its ░░░░░░░░ I would rather not ░░░░░░░░ tips than try and ░░░░░░░░ to raise the federal ░░░░░░░░ wage jackie yeah Has ░░░░░░░░ tens of thousands of ░░░░░░░░ already in the state ░░░░░░░░ California Think that s ░░░░░░░░ wiser way of spending ░░░░░░░░ public purse than trying ░░░░░░░░ ram through a national ░░░░░░░░ wage which is the ░░░░░░░░ thing that s been ░░░░░░░░ I applaud this move ░░░░░░░░ danielle Dan thank you ░░░░░░░░ much Great to see ░░░░░░░░