RUSH TRANSCRIPT Stuart all ░░░░░░░░ Edward thank you John ░░░░░░░░ he s an economist ░░░░░░░░ he joins me now ░░░░░░░░ 8 growth that still ░░░░░░░░ strength That s quite ░░░░░░░░ It s only slightly ░░░░░░░░ that3 pace of the ░░░░░░░░ quarter and moreover real ░░░░░░░░ spending took off That ░░░░░░░░ up from 2 8 ░░░░░░░░ the second quarter to ░░░░░░░░ 7 in the third ░░░░░░░░ I think it s ░░░░░░░░ to point out guess ░░░░░░░░ real government spending grew ░░░░░░░░ by Stuart 9 5 ░░░░░░░░ s still incredible Laughter ░░░░░░░░ is well above again ░░░░░░░░ rate of growth you ░░░░░░░░ for the overall economy ░░░░░░░░ they re spending money ░░░░░░░░ to get it in ░░░░░░░░ Biden leaves office That ░░░░░░░░ the theory isn t ░░░░░░░░ Yeah that might be ░░░░░░░░ of the theory but ░░░░░░░░ goodness you have a ░░░░░░░░ The past year the ░░░░░░░░ has spent nearly 2 ░░░░░░░░ more than it took ░░░░░░░░ in terms of tax ░░░░░░░░ No wonder the economy ░░░░░░░░ doing well No wonder ░░░░░░░░ are spending money Stuart ░░░░░░░░ s not the way ░░░░░░░░ s supposed to be ░░░░░░░░ Nearly 2 trillion of ░░░░░░░░ deficit when the economy ░░░░░░░░ growing 2 83 It ░░░░░░░░ not supposed to be ░░░░░░░░ that This has no ░░░░░░░░ for call precedent historical ░░░░░░░░ Unless government spending slows ░░░░░░░░ considerably you are going ░░░░░░░░ have renewed problems with ░░░░░░░░ inflation It s inevitable ░░░░░░░░ at home prices We ░░░░░░░░ this increase in mortgage ░░░░░░░░ over the past year ░░░░░░░░ of years and yet ░░░░░░░░ prices are still setting ░░░░░░░░ record highs Stuart how ░░░░░░░░ that I want you ░░░░░░░░ listen to what Donald ░░░░░░░░ had to say about ░░░░░░░░ stock market rally Roll ░░░░░░░░ Kamala has also caused ░░░░░░░░ misery through her destruction ░░░░░░░░ our economy Our economy ░░░░░░░░ not it s like ░░░░░░░░ fake economy Some of ░░░░░░░░ best some of the ░░░░░░░░ people on Wall Street ░░░░░░░░ saying the economy s ░░░░░░░░ good because hay think ░░░░░░░░ don t want to ░░░░░░░░ this because other people ░░░░░░░░ said it It s ░░░░░░░░ me saying it They ░░░░░░░░ Trump is going to ░░░░░░░░ elected That s the ░░░░░░░░ reason you are economy ░░░░░░░░ Applause That s the ░░░░░░░░ reason the stock market ░░░░░░░░ up Stuart that s ░░░░░░░░ reason the stock market ░░░░░░░░ up John Lonski do ░░░░░░░░ think this is a ░░░░░░░░ rally I think it ░░░░░░░░ to an extent At ░░░░░░░░ investors no longer have ░░░░░░░░ worry about higher taxes ░░░░░░░░ more government regulations you ░░░░░░░░ a Harris administration under ░░░░░░░░ Harris administration And moreover ░░░░░░░░ probably look forward the ░░░░░░░░ rid are of the ░░░░░░░░ Reduction Act and if ░░░░░░░░ of these mandates related ░░░░░░░░ green energy So I ░░░░░░░░ say I would have ░░░░░░░░ give the approved improved ░░░░░░░░ for Trump as being ░░░░░░░░ some of the credit ░░░░░░░░ this equity market rally ░░░░░░░░ the idea of deregulation ░░░░░░░░ a very strong idea ░░░░░░░░ Trump s favor That ░░░░░░░░ so important because there ░░░░░░░░ an essential difference between ░░░░░░░░ Trump and Harris and ░░░░░░░░ is Donald Trump believes ░░░░░░░░ the private sector is ░░░░░░░░ to do a much ░░░░░░░░ job at growing this ░░░░░░░░ solving our problems whereas ░░░░░░░░ has the belief that ░░░░░░░░ s up to the ░░░░░░░░ to save the U ░░░░░░░░ economy To lead us ░░░░░░░░ But history tells us ░░░░░░░░ it s the private ░░░░░░░░ that excels at this ░░░░░░░░ if function Look at ░░░░░░░░ Once China has begun ░░░░░░░░ turn towards more central ░░░░░░░░ central control over its ░░░░░░░░ what has happened to ░░░░░░░░ economy It as has ░░░░░░░░ considerably And China s ░░░░░░░░ with millions of unsol ░░░░░░░░ and it has unsold ░░░░░░░░ and it has roughly ░░░░░░░░ million electric vehicles sitting ░░░░░░░░ the lots that it ░░░░░░░░ t sell Stuart we ░░░░░░░░ have to learn that ░░░░░░░░ John Lonski see you ░░░░░░░░