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Now, it's Red Eye Radio, Gary McNamara, and Eric Hurley
“talk about everything from politics to social issues, and news of the day,”
whether you're up late or you're just starting your day. Welcome to the show from the Relief Fector Studios. This is Red Eye Radio. All across America, we are Red Eye Radio, and he is Eric Hurley, and I'm Gary McNamara. This is the best ever.
Yeah, what do you got? You ready for this? I'm ready. This is the best ever from the Wall Street Journal. All right.
Everybody stop what you're doing unless you're driving. Yeah. All right. There's a new classification of books out there. We've had fiction, non-fiction, and now there's delusional fiction.
Haha, are you ready for this? All right.
“A new book from Fox News anchor and co-host,”
then a perino is about conservatives and liberals, going at each other, not arguing, but dating.
Purple State perino's first novel is a romance
about three New York women who move into a Jerry Mander district in Wisconsin nearly a year before a presidential election to help flip it for Democrats. Is she right this last weekend? There.
There. They meet small town America and three corn fed Republican guys. I've seen this hallmark movie. The overarching piece of advice is that the novel in the novel is that choosing to be loved is not a career limiting decision
says perino. Oh, yeah. 53 years of age. I want the message of this book to be that politics can be what you're interested in.
It might even be what you do for a living, but it doesn't have to be who you are. I urge everyone to wear politics lightly. Perino talks about how she came up with the book idea, her writing process, and avoiding politics at the dog park. I don't really love to talk about politics and social circles.
I love what I do. I don't want to lose friendships. Well, and by the way, that article was just blasted. Well, you know, by somebody conservative saying, well, no, actually when you look at politics today, when you look at all the cultural issues out there,
politics is about the values that you hold. Well, it's, in fact, I would say, you know, what we talk about long-held beliefs, right? Like things like religion, cultures that have, you know, these long-held beliefs and religion, and things like that. These long-held, deeply held beliefs by people, convictions, real convictions that run
through out cultures. That's what's going on here. This is what they have built. Now, it's not long-running and, you know, by comparison. But this goes beyond the political game.
It is exactly what we have been saying, and it is the culture they have created. It is a different culture. So, this idea that, well, you know, don't, don't bring it up with the dog part. If you can't have a conversation, a simple conversation, you know, while your dog's lifting is
“leg, I don't know where you're going to have that conversation, because here's the thing,”
if you're writing this romance novel about, okay, first of all, Gary's going to go to the dog park
with his cat, okay, so which is weird. But he's going to do it because he doesn't have a dog. On a leash? Yeah. Yeah.
I'm putting a leash on my cat. And try doing this. Where's some sunglasses, and then, and then, and take a cane with you and tell the ladies, it's your seeing eye cat. They won't believe you.
Probably won't believe you. The entire thing will be off. You're going to the dog park with your cat, and you're going to be attracted to the one with the not the blue hair, the purple hair. We were corrected on what's your name with the purple hair.
You're going to walk up to her knowing that she would be open to anything that you believe, right? That's how it works. I mean, where is the attraction?
Remember the liberal women that were saying, and we thought this was weird because first
Of all, it was like they were creating a strawman argument, a straw date argu...
We're not going to be having sex with anybody who supported Trump. Well, you weren't having sex with anyone who supported Trump before. It's like, it's like me saying, I'm going to boycott Taylor Swift concerts. It's, I don't, I'm not sure where Dana came, you know, thought that this could be that this could resonate. I don't know, you know, again, it's kind of like a hallmark movie.
I would love to see hallmark make this movie, you know, like the Christmas movies, where one person in the couple is in New York and doesn't believe in Christmas. In fact, it's going to work through Christmas day.
They've already set it in the first five minutes of the movie.
And then the other person lives in small, a small town called Christmasville. And so then that person has to travel to Christmasville, then all of a sudden they quit their high-paying job in the mid-seven figures to live in Christmasville and sell about 43s a year. And so, you know, make this movie here because I'd love to see it.
“Well, I believe this and then I believe this and it would be nothing but chaos.”
By the way, a great comedy. I look at, you know, when you get one of the things we've talked about is we're so happy that we don't work in the whole way. Yeah. Right. You know, I don't want to be in New York.
I don't want to be in in in in in Washington.
I don't want to be around. I don't want to socialize with all these people. Right. I want to do this jobs. I don't want anything to interfere, you know, with, you know, what I do. Yeah. And when I look at, for example, when you see Tucker Carlson, when you look at
Candice Owen, when you see these people that obviously, I think when they live in the Beltway, and I don't know what this is true with her, but I have this gut feeling that it's more about making money, that making money getting clicks is more important
“than the integrity of honestly telling people, you know, what you think.”
There was an article as reading yesterday about Tucker Carlson, who said, yeah, I always
really didn't like, it was like, you know, Trump and this and I just didn't come out with it. Oh, so are you lying now or you're lying then? What do you mean? Remember the people that got mad when we talked about when he was on Fox News and the story got out about him cursing Trump. I think it was on by text or something. It wasn't on the air.
Yeah. But he was talking about it. And then that story became a big story and we got pushed back. Well, well, he could change his mind. And we're like, well, which is it though? Why is it that you believe one version and don't believe you're only believing the latest version because it works for you at the time or you don't know why.
I have no idea why you would buy this or create this allegiance to Carlson. The president, we looked to support him because again, we've elected him to do and voted for him to do our bidding and and and that's the entire deal or surrounding that. So I I don't want any of that influence at all. Well, I like the idea. I support the president when I agree with
you. All right. Exactly. Well, what I'm saying is I don't ever have to say I support Tucker Carlson or any of that. He's not a public servant. There is no allegiance to him that I have to build along the way for and there seem to be that for the longest time until in recent months when we were proven right. Well, what I would ask Dana Perino about her new
category of book, uh, delusional fiction, uh, is do you understand and and you and I've said this about Republicans
“in just do they really understand what they're dealing with on the other side?”
I mean, every single day we see it. The insanity of the, you know, of of of the left, you know, for Dana Perino to write a book and even promote it. The fact that, well, and these three Democrat women were going and then they found three corn fed Republicans who what changed their mind that didn't get into that in in the the the the the piece that
that I saw how does that do they change their mind and live happily ever after
Right.
politics, it's gone way beyond the politics of today is not about
“uh, Eric, you believe they should spend 10 billion on this program and I believe”
8 billion. Right. It's gotten to the point of
promoting the perversion of child mutilation. Right. It's it's gone. I mean, to the absolute insane point of anti-Semitism. Yes. It's gone to the point of the as we've talked about with the radical transgender movement of misogyny of sexism of the the the the the racism of identity politics of judging people by groups and not individuals were not making this up. Democrats have recognized it that this is a problem
that that that Democrats have. So it's gone beyond politics. This isn't about
“whether I think the state or the federal government should provide a particular program.”
Right. This gets down to absolute right or wrong or things that we have looked at
in our society and we've said it's unacceptable. I think I told you I but uh I uh I I found he did lose a friend, but it was my choice. Right. This is somebody who I knew uh a long time ago and then really didn't keep a lot in contact with and then uh through social media of kept in more contact. Absolutely a couple of weeks ago throughout the most anti-Semitic stuff where I thought he was joking. Yeah. You know, you know, we people said, okay, you're just
trying to parent the other side and he wasn't. And I just said we're done. Yeah, I'm not dealing. I'm not
dealing with the racist. I'm not going to I had no idea you had these opinions. I had no idea and you know
this response was to me. But I give uh what what is it um oh what's Danny Thomas's hospital Sanju. Yeah. I go I give to St. Jude's that was his that was his argument. He didn't say no. I'm not an anti-Semite. He said I'm a good person. I give to St. Jude's and I didn't even respond to it. I've said we're done. We're just I can't I will not deal with somebody who uh is an anti-Semite. There is no you know you talked about this with after October 7 there is no middle ground on this anymore.
None. Either you're four a a you know the as as I've said about Israel before I support Israel because Israel is a Western democracy. Yeah. Yeah. And Islamic radicalism is not. Right. You know it's as authoritarian as you can get and so there is no you either stand for the core values that we
“believe in or you don't. Well and this is what I think is going on. I think this is part of what's going on.”
I can't measure it but I think this is I believe this is what is uh in play in in a lot of uh the younger generation I don't mean 18 year olds but I mean the 30 to 40 year olds right now and I have kids in that age group and it's you've got to find somebody that you're going to be with you know for the rest of your life if you plan on getting married to have kids and it's got to be somebody you can share everything with. You don't have to be like minded on 100% of the issues but culturally there has to be a good blend there
and and I mean the political culture of the house of what is believed because of how far left the left has gone. How radical the left is there is no middle ground and I think it's a big turnoff with people in that age group and I think that's exactly what we're seeing right now in part. I don't think that's everything but I think in part that's it and we can give two examples of couples that are famous that are on opposite sides Mary Madeleine and James Carvele and I haven't seen Mary Madeleine
commenting on anything lately. James Carvele's gone that's super crazy online in recent days and even and then Kurt Russell and Goldie Han. Now it's sad that Goldie Han and this makes sense a little more of a hippie he's a which by the way could mean she's a libertarian we mean original hippie out of the original hippie crowd and then and he is a libertarian best man at Ted nudges wedding you know and so he leaves more right now they're not married but they've been together forever
They are very happy but I don't see Goldie Han as far as I know I haven't see...
as radical as what we're seeing from the radical left you know in today's world point is
“Dana portrayness whatever this is in this book it would have to be a comedy of hallmark”
we're going to make this movie about basically opposites people who believe different things kind of like
the Christmas movies they make and then end up together although now they're focused for some reason on mysteries they've been doing mystery movies also on hallmark according to my wife and I don't know where that would end up it would either it would either be a comedy or a horror movie it would have to be in one of those two genres because there is no middle ground in how much of yourself are you going to give up right are one person has to convert is the
radical left person in that couple going to convert and say I'm okay with my significant other
voting for Trump is that how the story ends well forget about the politics of it it's where
“they stand on the issues well that's what I mean is that you can't you where's that where is the”
middle ground you can't give that up and say I'm okay because what you're doing is the far left is brandy him on all the issues as Hitler and then for the person who's more conservative or on the right or the Trump supporter they're looking at that person and they believe that a child should be able to mutilate themselves well here's another thing how can you have a relationship
if your partner will not acknowledge what the truth is right right we are right I
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oh she said I don't think I saved it but it's it's where the administration has come out and said you know the the entire War Powers Act the War Powers Act doesn't apply because all hostilities have ended and I'm like maybe not the message you want to send out right now if you've got this blockade in a ceasefire right yeah so I'll get the article coming on the bottom of the I just saw about as we were coming out right now and buried in my stuff here and I don't want to be
did all the stuff with the papers but we'll have that you know have that for you even though from sources that you know in the media that I trust apparently the blockades doing tremendous amount of damage yeah yeah oh we'll see how long you have been holding right 9 1 1 1 4 ah Schluss with the evigen abtip of card number thank visor click to pay oh 16 stelligocat number 1 to give pass further to the next episode or extra episode to
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radio app available in the app store read it I'm a radio and he is there crawling I'm hearing mac and america in the coming up find the bottom of the hour we are at the bottom of the hour here we are coming up in just a minute and a half the the blockade the war powers act and more you know there are a lot of things in this crazy crazy world of hours that you can not
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for your three week quick started nineteen ninety five so it was when I when I got in here in just a one of my computer and I'm like okay let me go to Fox news it's like well two stories in a row all right uh only some clarification on this uh and the one story is a senior administration official said Thursday that for the for war powers resolution purposes the hostilities have began on Saturday February 28th have terminated both parties agreed to a two week ceasefire on April 7th
which has since been extended and in that there's been no exchange of fire between U.S. armed forces and Iran since that date the sixty-day deadline is approaching requiring president Donald Trump to either seek congressional authorization or end military operations in Iran operation epic fury began on February 28th then the next story right underneath it U.S. Central Command showcased the U.S. S. Delbert Black replenishing a guided missile destroyer at sea on Thursday
the U.S. NS Wally Sharab replenishes guided guided missile destroyer USS Delbert Black while at sea the command said replenishments are now underway to allow U.S. Navy ships to receive
fuel food munitions and essential supplies then com said
these ships are deployed uh in the Middle East as part of the Abraham Lincoln carrier strike group and involved as we know in the the the the the war against Iran so there's two sort of contradicting stories there I hope this clarification on the one because the last thing you would
“want and I believe you'll get more clarification on it tomorrow it's like okay so there's no more”
we'll have no more hostilities with them now where fox gets this wrong the sixty-day deadline approaching requiring Donald Trump to either seek congressional authorization or end military operations in Iran that's not true no he has to go to them for funding he has to go from for funding but the the war powers act cannot constitutionally require the president to seek congressional authorization or end military operations the Congress on their own can set they can set up the war powers
act and say if you don't do this we're not gonna fund it right but that would have to go through a vote anyway they could do that if the war powers act existed or not but Congress cannot change the constitutional authority of the president when it comes to war unless there is a constitutional amendment to change the executive branch's power and that's not gonna happen and so the fact that the administration official said that I just wonder what the context is and it's a very
“very short story but when I saw that I went remember the enemies looking at everything and if you're”
saying oh I still need to over we're not gonna do anything anymore well then I you know that's the message you don't want to send out well it's who it to Iran it's not only to Iran
It that's primarily to Iran but also the other Middle Eastern nations that ha...
support of this effort you're going to have to follow through with the mission to for them to
“remain on board long term if we just say well sorry our hands are tied we got to get out”
and you bow out then there's a problem then you're gonna lose the confidence and support from those other Middle Eastern nations and and that's something you don't want right now on the table I don't know why the administration official said it is there a thought that they're looking at this and domestic consumption because of gas prices right well that's it that if politically we can put the pause on it until November 15th or so and then all of a sudden you go back to it
by we talked about this before they they set the table they they paused the aggressive actions
until the point that you can get past the election day and then and then move on and finish the
“mission but I don't know that to be the case or they believe they're gonna need to go to Congress to”
get funding to support the effort there's a lot of concern about again what's being supplied to Iran from other foreign nations China primarily in some cases Russia but some of the hardware that uh again sources say is going from China to Iran and is there a uh is there a threat still from the drones from Iran at that's the case then you're gonna have to again your budget's gonna have to be healthy in order to take those drones down I one of the things they're talking
about is lasers using lasers to take some of the drones down and they've been practicing with some of those lasers I don't know that they're at the point yet of being able to use that in the Iranian
“situation I don't know but it's going to be a very interesting summer because in my opinion you've”
got to finish this mission and you and you know members a long ways away for a world that lives in the bubble of today if you say well you know our hands are tied we really can't do anything
you know they they made the point when they finally got the DHS funding done but they made the
point the other day look we've got one more payroll left when the president signed the DHS funding uh order for TSA agents uh his executive order he had so much he could use and they made the point the other day a couple days ago we've got pretty much one payroll left and then the house got it together got it to the president's desk yesterday and I don't know what they look at in terms I don't know what the budget what they believe they're going to need in terms of the overall budget
for the effort and a rant because it depends on the next move with a rant how long can you sit at the table are they going to sit at the table keep pausing everything and uh being this hiatus mode until election day I don't believe that I don't believe that is Iran going to capitulate uh don't believe that either they're not I don't believe they're going to willingly hand over their uranium I just don't think that's going to happen so it would be a tremendous effort
very costly effort if you're going to put equipment and boots on the ground and go in and take that uranium but I don't know if that's the plan again it depends on what the what the strategy is right now with the White House and we just don't know but definitely two messages are being sent yeah because that was the they're talking about the uh defense department was promoting the fact that they're rearming the ships so yeah you know I saw those two stories together and I just
went mm and we'll see you know right right it's none of this is the be all end all it's just okay you know where we going what's the you know what's the the the the thought process on capital hill and there's a lot of missing information that yet a lot of information we don't have so yeah you know and so it's I I would love to be a fly on the wall but I just don't have that I don't have that kind of clearance and I don't have that kind of authority or ability to uh
Again be in a strategy room uh the war room with the administration it's just...
going to happen between uh now in the end of all this what happens next is actually been a big question
“I I believe there's a great deal of intel gathering that's been going on you need the dust to settle”
to know who's left what's left and and make sense of it in order to build your next move whatever that strategy is going to be and we just don't know uh what was uh you know and you just had mentioned it so we might also get into this now uh they did uh they did pass to fund DHS yeah except for as we know ice right and part of the border patrol right uh but they're going to do that through reconciliation yeah it's something they could have done uh you know months ago
yes but but the interesting thing is you wonder how is this plane politically you know with how is the public digesting this we I know that prices are number one for people right that's a number one
but how is this plane that the Democrats don't want a uh fund uh you know that they basically want it
“and I think we'll have the audio from Mike Johnson basically said he goes they they they don't want”
any border enforcement which they don't right right so they're sticking with I mean they're more radical when you think about it they're more radical now than the summer of 2024 leading into the election as to what they want right because now they're being blunt and saying nope if the American public has already rejected it what I thought was interesting uh was James Carville who has just lost it recently um absolutely no I off the rail we can't play the audio now every word is
and he's just but he came out and said you know what the Democrats are doing here is just like to fund the police it's stupid there's no reason to do this right it's not an advantage you you're not gaining an advantage with anybody by doing it and I thought that was interesting it's like oh he uh he had a moment of intellectual sobriety there but it's weird because he's had of it and what was that a day or two after the shooting at the White House Correspondence Center you know where the video
came out of him with a weird angle by the way like he had the phone and his lap and he wasn't even looking and it was looking up at him it was just a weird angle on that video but he was talking about how well he didn't want Trump to die but he wanted him to suffer yes yes I wanted to live so he suffers so he suffers and I'm not wishing anyone to suffer but that's he's just again we can serve it as a you know we we don't want you to die either we just want you to
to suffer in a horrible pain yeah for the rest of your life yeah no we we know we don't that we don't come from the left yeah I don't want anybody to suffer in fact I'd say over here on our side we've done some suffering we have to we have to play at times audio from the
view that's true I mean we suffer in credit me that we could go through incredible pain on on this show
now so I want if the Democrats are meeting whether they're you know they're workshopping this all right look should we should we wish death upon these people or horrible pain because you know sometimes death because I this week on YouTube it's like you know the the the tighten summary collapsing yeah yeah it's like all these corners and stuff don't worry they didn't feel anything and they just ended up being a bunch of mush like yeah yeah but it was like don't know it happened
so and I actually paid attention to it they said the pressure hit so quickly and you know when
“it collapses like that you know it creates the heat of the sun yeah that's how much pressure that”
is right inside it's crit the temperatures go up that high so you're basically just vaporized you're
just yeah and it hits so quick within that the pain never goes to your you know brain so I
so with with that in mind when James Carville said I don't want him to die I want him to live a very painful life is that not gonna be the debate in Democrats death is too good yeah death well it's got to be a painful death right it's got the long suffering by the way we're against the death penalty we want to suffering penalty but whatever that is we are run I radio he winds up and for your goals 866 90 right I on run I radio
Weird I radio he is there currently and I'm hearing act tomorrow well coming ...
wonder whoever that official was that said well you know the war powers act can't take effect
“because how still is he's ended on April 7 whether they're looking at that April 7 date and saying”
well that was only whatever would be 42 days we have 18 days left well it's I know hex Seth mentioned
in testimony he mentioned that we're on a pause right now so it's it's basically the
workhours act would be paused I don't know if that's where they're getting that from or not again you know the debate goes on out to the hour news is brought you by how product is it how products dot com this is Ridae Radio on Westwood 1 now it's Ridae Radio Gary McNamara and Eric Hurley talk about everything from politics to social issues
and news of the day whether you're up late or you're just starting your day welcome to the show from the relief vector studios this is Ridae Radio all across America we are when I radio he is there currently and I'm hearing McNamara got all the figures in front of me here I've got charts got charts got a dry race work no I'm just scanning between like three or four different charts here yeah as I try to get my mind in order to look at the the GDP and also the
the personal consumption expenditures price index which actually is what the Fed looks at for inflation yeah first we're going to GDP GDP 2% for the first quarter less than the 2.2% estimate you and I don't care we think that's a dumb way to sit there in the
well the experts said well the experts are always wrong yeah to give you the sample
I never figured during the Obama administration remember the White House academic office came up with you know with their prediction for the GDP for that year and it was I don't know what it was like what was it like 4.3% yeah no it was pretty big and we went no freaking way it's not going to happen this is making it up and so remember it was like January February of that year when they came out with
“it and I said let me just pick a number out of the air I think you put a blindfold on and then”
grab a dart and you threw it at a bunch of numbers on the wall and I just I threw a number out and it was like 2.1% yes not going to be for and it ended up being 2.1% or whatever it was for that year I mean I was dead on and again it was pure luck because I just picked a number out of the air just to to show you that the predictions from the experts really don't mean anything you know it's to me it's sort of like the the point spread before a game yeah that's like whatever
sometimes you may be close sometimes you're you're not but it was a 2% for the first quarter let me see up from 0.5% in the fourth quarter of of 2021 now here's the thing and you and I've talked about when we look at the GDP part of the problem that we have with it you know if you look at it consumer spending was down for the first quarter it was up in March but consumer spending which adds to the GDP when gasoline prices go up and you pay more for it
it adds to the GDP because it's more money that you're actually spending for the product right so when you when you look at that you know crosswork consumer spending yes to me that is a that is a pretty fair way of looking at part of the GDP because you're buying goods and services they have to be produced so you're buying it right and so that I view that as sort of like you know you're selling a durable good or service I we look at that and say okay that's
“actually something that's being sold for a profit that's what's really driving the economy right”
back in the dot com bubble days we looked at it and said when it goes to GDP and the GDP skyrocketing
through the roof because of investment but there was never really the return on the investment that
they were expecting in that time yeah and then you had the dot bob you know dot com bubble bustin and and all of that when you look at it right on looking at the lead headline from the
Wall Street Journal editorial page which is more conservative than the news d...
economy you had let me see here for 10.4% growth in business investment almost all of it
“tech and AI equipment purchases accounted for 0.88 points of the first quarter growth yeah that's almost”
you know it's it was 2% so that's close to half point eight eight right nearly all of which came from information processing intellectual property contributed could contribute in another 0.7 points which is almost 1.6 points of the two right mostly from software big tech and AI boom that can take a deep aisle but as we said that's business investment Google Amazon Microsoft
and meta this we reported a stunning $130 billion in capital investments during the first quarter
as a built out AI data centers that's a 71% increase from last year in fact meta has lifted its full year forecast for this year just meta alone for therefore full year it was a previous maximum of 135 billion and now they are saying actually we could be 145 billion just meta for the entire year 145 billion by the way to give you an idea to compare that to the market cap of the company is about 1.5 trillion so if you look at that kind of capital expenditure on AI that's
that's absolutely massive it's that would be by the way the 72 billion they spent in 2025 if they
get 145 this year that means they've nearly doubled it there are roughly doubled it and the question is and has been on on Wall Street and everything else with investors wait a minute you're spending all this money where's the return in other words is there an AI bubble in the making or are we going to one already and that's the question now you do see things like the the data centers that are being built right you see things which means you're selling computer chips you're selling
servers you're constructing the data center you're constructing the power generating the cooling equipment all of that is being produced and there's money there is money coming in now again what the what the market's asking them to do is all right compare that to your expenditures
“and and it could play out you have to invest ahead of demand that's required right”
the dot com bubble it's weird because it just sounds sounds kind of silly actually was just ahead of its time it was what I had of its time it wasn't the the hype I should say the hype portion of the dot com bubble it was eventually going to materialize it just wasn't
doing it in a way that was again your return on investment your ROI basically it was it was
taking too long it it can't take that long in the business world you can't hold on to investors that way a lot like what ev companies were doing where they were taking your order and taking thousands tens of thousands of dollars from you and saying we'll deliver your truck in five years your car in five years so that's the question for AI they are making money there is revenue coming in but compared to expenditures right where does that how does that measure and it all
comes down to that AI as we've said two things really drive an economy the the one is producing legitimate goods and services and selling them for a legitimate profit which might be stealing nobody you know this inside capitalism you're actually producing it number two is increasing the productivity AI's big boom is and the big question is how much will it increase productivity
“right I believe it will but I cannot get a handle even for many of the experts on the numbers”
as to the numbers of what it will increase productivity over what time span and so that is the big question right when I we mentioned the dot com bubble I'm not saying that this is going to be the same thing no that's not the point no what I'm saying is we've been through this before with the
Question will how much if this is going to increase productivity how much is ...
productivity because that's the key there to everything else that we'd be developed in the offshoot
“businesses and the service industries and everything else that will come out of it if it's going to be”
you know because I've seen 20% increase in productivity over a set period of time I've seen five percent over set period of time we really don't know and so that's that's the question but just understand that the GDP this for this quarter was more driven by investment and not actually the production right of durable goods and or services right as is how I see it now the the inflation of course it's a problem gasoline has increased it but when you see as was pointed out it was a four point
five percent increase in the annual rate of the P CE index which is the feds preferred inflation
measure was the most since the 2002 third quarter and up from 2.9 percent in last year's fourth quarter
“now people will say it's gas prices you take energy and food out of it it's still 4.3 yeah”
and that's a challenge the other thing is well because and you think about that the cost of the energy to produce everything including trans reporting the goods to the stores that's going to add to the cost of groceries and everything else so right you know it's it's there is that compounding effects at the basis of the cost of energy prices for recreational goods and vehicles in the last quarter 20.4 percent annual rate increase household furnishings 5.9 percent and footwear 6.8 percent
they point out these are all subject to tariffs they also talk about the fact of when you look at overall the let me just get it here the the number of the amount of tariffs versus the actual tax benefits from the big beautiful bill yeah the tariffs took more out of the economy than the
tax cuts put back in buy bought the gets 10 billion dollars or so roughly like that so as we've said
“the the tax cuts deregulation promotion of our energy all good stuff but the fact is when you add”
things like you know when you sit there and say okay the tax cuts are going to come yeah but when you look at what the tariffs have taken out over that period of time it becomes more than a wash by yeah 10 billion yeah overall and and and again though remember the tariffs aren't going to be there the the tariffs are going back again to the you know the you see was it GM or Ford 1.1 billion they're getting back so that is going to go into the private sector which could lead to investment
down the road right so that could benefit the economy now that those have been would be put back in that could benefit the economy over the next you know four five six months all the way up to November turns out the people getting tarot checks are the companies and yeah not all not the individual well and and people are furious at that no it is well what about the individual it's well that's that's right the tariff courts like nothing we can do nothing we can do about
that this is the process we have yeah and this is the process that plays out and the question and then I don't know if anybody's made the comment a judge or anybody's made the comment uh from there it would be upon those private sector companies to pass the savings on two efficiencies and blah blah blah blah blah blah but there is no legal obligation there no now can you get it back there's now groups or individuals and groups there's class
and yes no they've already thought that the route there for the for the consumer one I don't know based on jewelry it was weird it was a it's a strange case this was in fact a couple of months ago
here it is um one hundred ninety five billion in new tariffs were collected last year
one hundred eighty eight billion that the taxpayers who receive in lower federal tax liability for twenty twenty five so it's a there's been more tariffs than tax relief by and that's going to be a drag on the account except a significant portion of that one hundred ninety five billion is going back to the companies which will put it back into the private sector again
Which could boost the private sector right over the next over the next few mo...
yeah but they haven't as of yet which is reflective in the in the in the in the figures right
right yeah yeah as to economic growth it will be kind of a I don't know how long the process will be but each company has to go through that the large companies are able to do it because there was already a a a a process set up where they could go through customs and and get there the settlement basically and the smaller companies are the ones right now that have the uphill battle because they weren't part of that process to begin with or they didn't have
“that experience in that at that level and so we're seeing it and of course I think there's also”
good news is that the tariff on Scottish whiskey is now been lifted thanks to the president setting down with King Charles we can all celebrate that here it is Ford Motor said
on Wednesday to expect to collect 1.3 billion in US government refunds for the tariffs imposed
by the Trump administration according to CBS yeah so part of the story is cut off here so I can't rig yeah I can't get it but yeah part of it is well the in the record judge made it very clear again you know you've got the system in place and and customs were saying well yeah but not at this not at this scale so we need basically 45 days that 45 days ended
“and those they started issuing those refunds after that 45 days ended and I don't know how it's”
going I have no idea at what rate it's going and how fast it will happen I don't know what I don't see I'm trying to think of how a court could say that the consumers should get because the the consumer still paid the majority of tariffs as we know that's according to the
New York Fed yeah ultimately yeah they they they actually they they actually paid the majority of the
right tariffs so but how does a court legally get that money back I don't think they can do it to an individual consumer to an individual consumer no I don't I don't know I just don't know the legal path of how you get there or if it even exists I don't I don't think it exists yeah I don't think it exists I mean there are people filing suits but I man you've got it there's there's a long trail there a basically indirect because the
importer actually writes the check and then from there what's passed along in the entire supply chain right right and and how did that affect the overall price we are right I radio this morning's USDA farm report is brought to you by house products tested trusted guaranteed since 1920 current wildfire activity of the southeast and more potential wildfire events late spring and early summer according to USDA meteorologist Brad Ripie pre-monsoon we are looking at the potential
for significant wildfire activity in the southwest in May and June and with the low snow pack
“that could expose hillsides to more sunshine more drying so I think an early wildfire season for”
a lot of northern California and the northwest you normally wouldn't see fires until later in the summer but possibly as early as June this year this week agriculture secretary Brooke Roberts issued a new member of Adam directing the U.S. Forest Service to take various actions and preparation for this wildfire season including height readiness accelerated community focused risk reduction and strengthening firefighter health and safety for the upcoming fire year I'm Rod Bay in
reporting for the U.S. Department of Agriculture in Washington DC this report brought to you by Senex fuels and loops we'll be right back with more Red Eye Radio with every currently and Gary McNamara so yeah with the the economic numbers out there you know it's it's be interesting to see what happens for example if the ceasefire works and we're done in a month gas prices will crash
Oil will oil will crash you know that type of inflation will come down and if...
all these companies now that have got the terrif refunds that's a huge amount of capital
“that could lead into November yeah as to what the consumers paid in terrifs and won't get back”
I actually have the figures we'll have them next you're listening to Red Eye Radio from the Red Leaf factor studio and we are Red Eye Radio he is our currently and I'm Gary McNamara and good morning to to you all right where was I looking here I had it here I've got okay here we go you ready I'm ready now all right here we go okay and this is uh on uh because we we were talking about
the the the economy and what might what might boost it and we talked about in the last year
“the big beautiful bill gave a hundred and roughly $88 billion in tax relief to the American”
public but terrifs were $195 billion so they really cancel out each other when it came to
cash but a lot of that terrif money what is it now like 130 billion yeah it has to be paid back in fact uh as we just went 30 or 150 yeah I forgot what it was I mean it's any we're I don't I don't even know if they know what the exact number is but just so people know because one of the one of the complaints are and there's class action lawsuit saying wait a minute who paid what you know these companies if they passed it out of the consumer why don't we get our
money back because there's no system to figure that out yeah they estimate somewhere between
150 and 166 billion is that what it is now okay which I'm with you I don't think they know
“and I think they could go well I sorry even because I saw like 120 two weeks ago right yeah so I saw”
figure saw that figure so but according to the federal reserve bank of New York in their 2026 report U.S. importers and consumers uh bore roughly 90 to 94% of the terrif costs were passed through U.S. companies which subsequently raised prices for consumers accounting for approximately $1,000 in increased costs per household in in real terms uh of the uh the the the the average terrif rate jumped from 2.6% to 13% now it's down it's less now because
even what the president implemented which was targeted is only 10% and only for a certain amount of time right uh the uh that was the tax foundation estimated the 2025 terrif's acted as a tax increase of roughly a thousand per household uh let me just see here the congressional budget office estimates that 70% of the higher import costs were passed on directly to consumers and that's where the debate will come in from consumers wait a minute we paid for it we paid for it you're
giving all these companies a huge windfall because they passed it on to us right we gave them their refund already in the form of the higher cost for those the increase cost and those products and the trade court said nothing we can do about it this is the system because yes they wrote the check to us right they did on who directly took it on they wrote the check because what would what what it would require is a full audit of every company that imported and then their books and I mean
their books from starting at the point of that that import paying that fee then going to the downstream in the supply chain of who they passed it on to so they passed it on to
wholesalers then retailers then what did the retailer do because at first the box stores the big
box stores were saying look we're trying to absorb it in other ways as long as we can and then
We're going to have to raise prices so there's no way to accurately measure w...
any specific person it at best it would be a guesstimate again if the estimate is 100 or what was at a
thousand dollars per household yeah and we would just have to if we were they were going to issue a judgment it would be like a class action judgment and say the federal government of a thousand but the federal government doesn't owe that if the refund is already gone to the the private sector but if because as we know the companies also get interest from the federal government yes and in some of these lawsuits they also want the damages to the company
that were caused sales because because you had to pay the tariff before you made the sale
right and so they're including that in the lawsuits which I don't know if you take the tariff
if you're the importer and you take it back directly but you can be the importer but not the retail
“outlet no that's what I mean yes so you sorry so the the importer pays the tax and then through”
that supply chain those all of those every step through the supply chain it's either absorbed or passed on and being able to measure that for every case or any given case and which companies were I don't know don't want to use the word guilty but which companies did effectively pass on every penny and which didn't there's no way to know because it's the importer operated differently
then the retail because the ultimate end stop is the shelf the retailer the retailer had did it and
they're the ones who have to appeal to the consumer and they can't just all of a sudden double the cost of something and they knew this big box stores were more equipped to absorb some of those costs early on and they talked about it they said well we're just kind of going to spread it out over the cost of things and hopefully that will do that so there is no way to effectively measure it there there's it just can't happen I don't you can say there's damage overall
but even in a class action type suit lawsuit where it's you're just saying okay the consuming public well it also varied from household to household well and the other thing is to it even
“if you're doing a civil lawsuit you have to go after the people that were liable for doing it none of”
the companies were liable for doing anything the federal government said you need to pay this right and now the federal government has to in and that exchange that initial exchange with the importers has to refund based on the court's order the court's order and pay them interest and I think even the judge said damages I yeah I don't remember where they stood on damages and and how that's I know I know it was interest he hit or he did figure he said this is the interest because that
45 day extension cost the government even more because the interest was still adding up during that 45 days for the for customs to get their system updated in order to be able to handle the scale of these returns and and settle with with each of these importers it's it's a mess now
“that remember the judge said because everybody came in to the court the trade court and said”
oh this is going to be a mess this is going to be a mess and he says well not really well based on his remedy the judgements remedy and it it was you've already you already do this you already do settlements before terrace the importer owes this and then all of a sudden it's determined later they'll repaid and then you settle up with them later and then you close it out through that well you can't you know in this case it it's such a broad scale that clearly
had an effect we know what had an effect on the consuming public but the consuming public gets nothing out of it but there is no recourse really yeah because my my question would be who are they attempting to get the money from if these okay here we go at least seventeen um class action lawsuits have been filed by consumers seeking to recover terrif specific costs right with a significant
Number targeting companies like FedEx right these lawsuits aimed to claw back...
billion in terrif refunds and companies like FedEx UPS and DHL are expected to receive from the government
“uh the the governments required to fund approximately okay 166 billion is what it is”
collected from roughly 300,000 importers alongside consumer suits nearly one to two thousand companies have filed suits in the U.S. Court of International Trade to recoup their own paid terrif duties yeah and they talk about the fact that here consumers face high hurdles and these lawsuits to prove that companies unfairly kept the refund money well companies like FedEx UPS and DHL pledged to pass on refunds others have not leading to consumer litigation litigation is on going
following the Supreme Court's decision to strike down the terror well and uh I don't know I
respect to those companies pledging to pass it on but you got to be careful when you do that officially and you even just making a statement whatever that is and saying we're going to pass that on yeah you're right because great point you make that commitment now you've entered you've made a statement that could come back at you legally I wouldn't have ever I would say we're going to in this effort we're going to remain as competitive as we can
and we believe that will benefit the consumer our customers and leave it at that I wouldn't make any pledges once you start making pledges then lawyer start looking at that going it sounds like a promise that sounds like it's binding and it's just you're walking too close to that line I wouldn't do it from AARP whose eligible businesses not consumers individual consumers cannot apply only businesses that officially paid right the customs bill yes eligible
that matters because tariffs are taxes on imports companies paid them when products across the border and many businesses pass those costs downstream to shoppers in the form of higher prices those increases particularly affected Americans 50 and older who are worried about rising prices as ARP would actually that's their interest so they would they would put that in there right a handful of major companies have signal their intent to share refund money with consumers
but if you start doing that if your company starts doing it does that set up any type of legal
“precedent to show that you were unfair and unwind in some way that's why I could that set up”
that's I don't know I figured out well because if you make this so-called pledge to return it to your customer you've now that's that's getting too close to a binding agreement you know what I mean you've stated this in in public as a part of your organization and that's going to be your mission is to return this to your customer the moment you do that you've created an obligation
something you owe that is not ambiguous like listen we're going to as we always remain competitive
in every scenario while the terrorist who are in place and now that we're getting refunded regardless of of what the situation is what the market is doing we have a commitment to remaining as competitive as we can to the the the the consuming public and you just leave it as ambiguous as you can I wouldn't be promising anything because then people are going to say well you promise to do this but you owe me more and that's just I wouldn't do it and they're calling
a double recovery was someone lost its focused on companies at race prices right for consumers are now seeking reimbursement from the government yes calling this double recovery right I mean it's it's a valid point I just don't know legally from the consumer level how you get all the way
“there because there's a supply chain in between the importer and the consumer and you have to”
track every single thing that happened all of the books with each of those actors in that supply chain I don't know how you do that we are right I radio coming up more with Gary McNamara and Eric Hartley it's red I radio we are when I radio he's hurt running I'm Gary McNamara I'll tell you one thing that I'm certain of
However this thing ends up I mean what however the lawsuits end up I can almo...
that you and I will receive no money I think if the geopickets involved with it are you
“listening Ted Cruz we love you but if they get involved with it I say that because Ted Cruz said”
back when they changed the the tax laws our taxes actually went up and Ted Cruz have been talking
about I don't actually know if Ted said this but I always pick on him just to have fun you're
“going to be able to do your taxes on a postcard it's like no that's not going to happen and but if they”
get involved in this Eric and Gary will be the only two consumers paying the gut from now I had
I had to admit that for the big beautiful bill the percentage of what I paid went down
yeah now a lot of stuff changed because right because I hit seventy so security all right stuff and so right I'm not sure how much it went down but it did go down I did go so yes no I didn't I recorded that wholeheartedly and the other bill we supported yes we did we just don't like the idea of paying more but we will we will this is Rida radio on Westwood one hello America Mark Levin here many people seem to be incubating
a rage looking for somewhere to go are there times when you think the country's out of control you see all these things and you wonder what in the world is going on what's it this way five
“years ago 10 years ago 20 years ago do we have the will or not but we are Americans and I believe”
we absolutely do have the will I do this show for you and when you're not interested in any more I will just go away my book in show following listen on your favorite platform


