Michael Steele
👤 PersonAppearances Over Time
Podcast Appearances
I don't get it. I've yet to understand what the magnetism is. And I don't even understand what the threat is. Because The strength is in their numbers. These are the men and women who are part of the infrastructure of our economy. They are the ones who are at the center of wealth creation, job creation, the movement of the markets. How do we know that?
I don't get it. I've yet to understand what the magnetism is. And I don't even understand what the threat is. Because The strength is in their numbers. These are the men and women who are part of the infrastructure of our economy. They are the ones who are at the center of wealth creation, job creation, the movement of the markets. How do we know that?
Because we've seen when they decide to act in unison, for example, the bond market responds, right? Which is a combination of both domestic and international engagement in that space. Trump will respond. correct his course. So I don't know what they want out of this other than to become wealthier than they are. They want the tax cuts be kept in place. I don't know.
Because we've seen when they decide to act in unison, for example, the bond market responds, right? Which is a combination of both domestic and international engagement in that space. Trump will respond. correct his course. So I don't know what they want out of this other than to become wealthier than they are. They want the tax cuts be kept in place. I don't know.
Because we've seen when they decide to act in unison, for example, the bond market responds, right? Which is a combination of both domestic and international engagement in that space. Trump will respond. correct his course. So I don't know what they want out of this other than to become wealthier than they are. They want the tax cuts be kept in place. I don't know.
Speak up. But here's the rub on this. It is not the billionaire boys or the millionaire mamas that are going to drive this part of the conversation. It is the little shop owner who's had her corner in her community for 10, 15 years, who can no longer afford to buy the inventory of for her company because it's gone up 150%. It's gone up 25%.
Speak up. But here's the rub on this. It is not the billionaire boys or the millionaire mamas that are going to drive this part of the conversation. It is the little shop owner who's had her corner in her community for 10, 15 years, who can no longer afford to buy the inventory of for her company because it's gone up 150%. It's gone up 25%.
Speak up. But here's the rub on this. It is not the billionaire boys or the millionaire mamas that are going to drive this part of the conversation. It is the little shop owner who's had her corner in her community for 10, 15 years, who can no longer afford to buy the inventory of for her company because it's gone up 150%. It's gone up 25%.
There's a point where they cannot pass that cost on to the consumer. and they close. They go out of business. That's part one. Part two, to the extent that they can and do pass that cost on to the consumer. And I'm just telling everybody, you don't have to listen to me and Tim. You don't have to believe a damn word we're saying.
There's a point where they cannot pass that cost on to the consumer. and they close. They go out of business. That's part one. Part two, to the extent that they can and do pass that cost on to the consumer. And I'm just telling everybody, you don't have to listen to me and Tim. You don't have to believe a damn word we're saying.
There's a point where they cannot pass that cost on to the consumer. and they close. They go out of business. That's part one. Part two, to the extent that they can and do pass that cost on to the consumer. And I'm just telling everybody, you don't have to listen to me and Tim. You don't have to believe a damn word we're saying.
Just pick up an item in your house and look on the bottom and see, oh, made in China. made in China. Picking up a stapler for our audio listeners. I'm sorry, yes. We're doing both, that's okay. I'll narrate. A tape container... A stapler and now the remote control for my television. Oh, made in China.
Just pick up an item in your house and look on the bottom and see, oh, made in China. made in China. Picking up a stapler for our audio listeners. I'm sorry, yes. We're doing both, that's okay. I'll narrate. A tape container... A stapler and now the remote control for my television. Oh, made in China.
Just pick up an item in your house and look on the bottom and see, oh, made in China. made in China. Picking up a stapler for our audio listeners. I'm sorry, yes. We're doing both, that's okay. I'll narrate. A tape container... A stapler and now the remote control for my television. Oh, made in China.
That's our economy. We are a consumer-based economy. Yes, we want manufacturing in this country, but they're not going to manufacture this remote control here in this country because there's not a U.S. company that's going to stand up the cost to do that. Businesses have looked and moved globally. And that integration is important. Why? Because we are at the leading edge of it.
That's our economy. We are a consumer-based economy. Yes, we want manufacturing in this country, but they're not going to manufacture this remote control here in this country because there's not a U.S. company that's going to stand up the cost to do that. Businesses have looked and moved globally. And that integration is important. Why? Because we are at the leading edge of it.
That's our economy. We are a consumer-based economy. Yes, we want manufacturing in this country, but they're not going to manufacture this remote control here in this country because there's not a U.S. company that's going to stand up the cost to do that. Businesses have looked and moved globally. And that integration is important. Why? Because we are at the leading edge of it.
Everybody wants to be like us. They want to sell us products. They want us to sell them stuff to the extent that we do. But what Trump has done is created this lie that somehow all of manufacturing, everything that we have is manufactured here. That's just not going to happen, folks. It just isn't. And if it does, this stapler that I spent $8.99 for is going to cost me $28 or $30 or $40.
Everybody wants to be like us. They want to sell us products. They want us to sell them stuff to the extent that we do. But what Trump has done is created this lie that somehow all of manufacturing, everything that we have is manufactured here. That's just not going to happen, folks. It just isn't. And if it does, this stapler that I spent $8.99 for is going to cost me $28 or $30 or $40.
Everybody wants to be like us. They want to sell us products. They want us to sell them stuff to the extent that we do. But what Trump has done is created this lie that somehow all of manufacturing, everything that we have is manufactured here. That's just not going to happen, folks. It just isn't. And if it does, this stapler that I spent $8.99 for is going to cost me $28 or $30 or $40.