Michael Steele
👤 PersonAppearances Over Time
Podcast Appearances
Because that's the cost of having it done here. We forget the labor costs. We forget the production costs, the cost of materials, all these things. So if it's a manufacturer, if I can go to Tim, who is in... in France, who is the one who creates the screws to go into my equipment, and he's done it cheaper than I can get down the street somewhere else, guess what I'm gonna do? I'm gonna go to Tim.
Because that's the cost of having it done here. We forget the labor costs. We forget the production costs, the cost of materials, all these things. So if it's a manufacturer, if I can go to Tim, who is in... in France, who is the one who creates the screws to go into my equipment, and he's done it cheaper than I can get down the street somewhere else, guess what I'm gonna do? I'm gonna go to Tim.
Because that's the cost of having it done here. We forget the labor costs. We forget the production costs, the cost of materials, all these things. So if it's a manufacturer, if I can go to Tim, who is in... in France, who is the one who creates the screws to go into my equipment, and he's done it cheaper than I can get down the street somewhere else, guess what I'm gonna do? I'm gonna go to Tim.
I'm gonna go to where the cost is cheaper to me because it stays cheaper for you. So when you break that, which is what Trump is trying to do, the downward impact is not on the millionaire mamas and the billionaire boys. It's on the mom and pop operation in your neighborhood who has to close now, will not be hiring your kid this summer, will raise its prices.
I'm gonna go to where the cost is cheaper to me because it stays cheaper for you. So when you break that, which is what Trump is trying to do, the downward impact is not on the millionaire mamas and the billionaire boys. It's on the mom and pop operation in your neighborhood who has to close now, will not be hiring your kid this summer, will raise its prices.
I'm gonna go to where the cost is cheaper to me because it stays cheaper for you. So when you break that, which is what Trump is trying to do, the downward impact is not on the millionaire mamas and the billionaire boys. It's on the mom and pop operation in your neighborhood who has to close now, will not be hiring your kid this summer, will raise its prices.
So now everything you're buying in that community is going to cost you more. And who's going to be held accountable for that? You're going to blame Joe Biden for that? Because that's what Donald Trump wants you to do. He wants you to blame Joe Biden. Joe Biden gave us the worst economy in the history of the world. No, he didn't. No, he didn't.
So now everything you're buying in that community is going to cost you more. And who's going to be held accountable for that? You're going to blame Joe Biden for that? Because that's what Donald Trump wants you to do. He wants you to blame Joe Biden. Joe Biden gave us the worst economy in the history of the world. No, he didn't. No, he didn't.
So now everything you're buying in that community is going to cost you more. And who's going to be held accountable for that? You're going to blame Joe Biden for that? Because that's what Donald Trump wants you to do. He wants you to blame Joe Biden. Joe Biden gave us the worst economy in the history of the world. No, he didn't. No, he didn't.
You're giving us the worst economy in the history of the world. How do we know that? Because the world markets are telling us that. That's why the bond market did what it's done. That's why the Dow is doing what it's doing. And for those of you who are in the market, go look at that 401k. How much did you lose yesterday? Or don't.
You're giving us the worst economy in the history of the world. How do we know that? Because the world markets are telling us that. That's why the bond market did what it's done. That's why the Dow is doing what it's doing. And for those of you who are in the market, go look at that 401k. How much did you lose yesterday? Or don't.
You're giving us the worst economy in the history of the world. How do we know that? Because the world markets are telling us that. That's why the bond market did what it's done. That's why the Dow is doing what it's doing. And for those of you who are in the market, go look at that 401k. How much did you lose yesterday? Or don't.
I would, too. I would be nice to have them actually stand on the side of the American consumer. to stand on the side of the American small business owner. We can all create a space in which markets work that lead to fair trade. And look, bottom line, we know China is a piece of shit when it comes to this space. No one's defending China, no one's excusing China, and they need to pay a price.
I would, too. I would be nice to have them actually stand on the side of the American consumer. to stand on the side of the American small business owner. We can all create a space in which markets work that lead to fair trade. And look, bottom line, we know China is a piece of shit when it comes to this space. No one's defending China, no one's excusing China, and they need to pay a price.
I would, too. I would be nice to have them actually stand on the side of the American consumer. to stand on the side of the American small business owner. We can all create a space in which markets work that lead to fair trade. And look, bottom line, we know China is a piece of shit when it comes to this space. No one's defending China, no one's excusing China, and they need to pay a price.
That's not what Trump is doing. He's going after our friend. Here's the thing. He puts a tariff on an island of penguins, Okay. Yeah, y'all heard me. Y'all heard what I said. I ain't making this up just for you folks out there. Not making it up. It's true. He put a tariff on an island of penguins, but he can't put a tariff on Russia. And so don't give me this, oh, well, they have sanctions.
That's not what Trump is doing. He's going after our friend. Here's the thing. He puts a tariff on an island of penguins, Okay. Yeah, y'all heard me. Y'all heard what I said. I ain't making this up just for you folks out there. Not making it up. It's true. He put a tariff on an island of penguins, but he can't put a tariff on Russia. And so don't give me this, oh, well, they have sanctions.
That's not what Trump is doing. He's going after our friend. Here's the thing. He puts a tariff on an island of penguins, Okay. Yeah, y'all heard me. Y'all heard what I said. I ain't making this up just for you folks out there. Not making it up. It's true. He put a tariff on an island of penguins, but he can't put a tariff on Russia. And so don't give me this, oh, well, they have sanctions.
No, we still do about $3 billion plus of trade with Russia, right? But they were not on that list. The reality of it is, The only plan here is to disrupt the market and to try to grab control of the Fed. Are you concerned about his control of the Fed, Tim? Because I know I am.
No, we still do about $3 billion plus of trade with Russia, right? But they were not on that list. The reality of it is, The only plan here is to disrupt the market and to try to grab control of the Fed. Are you concerned about his control of the Fed, Tim? Because I know I am.