08-18-26 Part Two - A Fang Fang Update

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 Factor Studios. This is Red Eye Radio. All across America, we are, and I'm ready, he is here at Cartoon, I'm Gary McNamara.

Good morning. Hi.

“All right, first off, yeah, we never, you should've got to this early, I just, we had”

promoted it, but the FBI stumbled on disgraced, Representative Eric Swallwell's affair

with Chinese spy Fang Fang when the bureau tried to recruit her to be a double agent. Wow, where was this revealed in bomb shell documents? Oh, yeah, yeah, bomb shells everywhere, under the near, yes, yeah, yeah. Swallwell even joked that Fang Fang worked for the Ministry of State Security, according to declassified documents released Monday by the White House government, transparency task force.

Congressman Swallwell commented that Fang was suspected as associated with the Chinese CIA

“in a joking manner, Fang further joked that all Ministry of State Security officers were either”

old men or ladies, therefore she could not be MSS, a 2013 FBI memo said, she's saying she's no lady, not an old lady, oh, they're old ladies, okay, old men or old ladies, okay all right, two years later, fall well, well, well, well, well, well, well, well, well, wrong scandal, you know, you're an old talk show host when your funniest moments yeah, we don't want to go through Swallwell sense or yeah, you mean fall well sweet sense.

Well, no, I'm saying, if fall well, a Swallwell had his own, yeah, sense, I don't want to go through that list. It would take too long. Swallwell was forced to tell Feds he had sex with Fang something that raised alarm bells at the time, because of his position on the House permanent select committee on intelligence.

Okay, wow, wow, and this goes back, always too Swallwell confessed in 2015 to physical relations

with Fang on a handful of occasions. Boy, she has no taste, GOP leadership, yeah, or she has an enormous dedication to her country. Now, GOP leadership briefly booted him from the Intel committee, because they all knew this, the Democrats later put him back on it.

“Yes, if you remember, yes, he was on his way to being governor of California.”

And this isn't what took him down in that effort. Oh my gosh, the 2013 memo revealed that an undercover FBI agent exposed the possibility of recruiting Fang, who was given the code name Rusty Thumbs for reasons that remain unclear. Wow, to a cutout company apparently run by the bureau, RT advised that she would be able to use her sexuality on politicians if she wished to because she was young and pretty

the memo noted RT further explained that she also had an opportunity to marry rich in Beijing but chose not to because she wanted to find her own path.

officers had affiliations with Beijing's spy agency and noted she gave inconsistent accounts

of her parents retirement plans as well as ambiguous statements about her past. Chinese media previously reported that Fang alleged the both the FBI and the CIA attempted to recruit her part of what fueled the Fed's belief that they could convert Fang to work as a double agent was there belief that her motivations appeared to be centered on money and power.

Wow, same as Swallwell. They further assess that she exhibited certain egotistical narcissistic traits, wow, just like, wow, a Swallwell, which may impact her suitability as a source. But in March of 2014 agents concluded that Fang could not be trusted to reliably provide information on China and exchange for money and close the recruitment file six days later,

the FBI opened a probe into and to Swallwell.

“Remember, 2014, who was president, um, that would be Barack Obama was in Trump going after”

him this was the FBI, you know, there under Obama. The Fed's gave Swallwell a classified briefing on the matter on April 30, 2015, and the time he was seen her every two months according to declassified documents, wow, that was, and yeah.

So Komi was, uh, FBI director then, the congressman has never, uh, quote, the congressman

has never been accused of wrongdoing in the matter and you're attempt to release the file as a transparent attempt to smear him and undermine his campaign for Governor of California his attorneys wrote in the season to cis letter, the FBI director cash betell at the time. Your action threatened to expose you, uh, others at the FBI and the FBI itself to significant

legal liability that didn't happen to it, no, the Golden State Democrat resigned from the House in April after facing sexual misconduct and rape accusations that he vehemently, uh, denied. So wow, yeah, yeah, I, you know, this isn't in the article that he still see her after he was told, yeah, I'd like to know how that, what, what that timeline looks like.

And if the FBI believed, if they want to make her a double agent, then she believed they

“believe she was an agent for China, why was she allowed in the United States still?”

Well, especially after they determined that she couldn't reliably be turned, right. I could see, yes, you keep her in the States if you think you can turn her, you do that

first, but if you can't, did they kick her out and she'd have to be gone, or is, I just

don't remember the timeline on that, and I don't either, is there a method that would require them to, or not require, encourage them to let her stay to see what she's looking into. Once they learn, she's an agent, all eyes are on her. So they have everything bugged, tapped, wired. There's, there's, there's no way around, just, just no way around it.

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And now, this actually from last Friday, I believe, but we want to make sure we get to it. Bill Marr with Cuomo, former governor of New York, on George Bush wanting to privatize

Are you ready? I'm ready. Listen to this. All right.

“My number of George Bush wanted to put the money that we, when you started paying into”

social security, when you're 20 or when 18 or whatever it is, into the stock market.

And he would, how would a terrible idea? Not a terrible idea. You're not going to be able to touch it to your 65 anyway. Look at the chart of where the money in the stock market. It outpaces just putting in the bank by an exponential number.

So why didn't we do that? Well, because politics, I guess it didn't seem like it. This seems like it's the same thing. Um, specifically, it was because Democrats laughed at him. They mocked Bush.

When Bush came up with this idea, Bill Marr now saying, you know, why this is a good idea.

I can't find any evidence that Bill Marr was for this.

I can find, I found where he had said or it was quoted where he said he wasn't a big fan of it.

“Like, 2013, 2014, when he said that, I wasn't the biggest fan of it.”

I can find nothing where he supported Bush in that because I don't believe he did. But it happened because Democrats shut it down immediately. Democrats laughed. They mocked at Bush's attempt to privatize social security that now Bill Marr looks at and says, well, you got to be kidding me, and this is a logical thing to do.

Why wouldn't you do this? You started when they're young, you put it in the account by the time they retire, even with the stock markets ups and downs, you went up in a much more solid fiscal situation

than you ever could be what you collect from Social Security, putting in that same amount.

Right. And remember, George W. Bush also said, look, to the Democrats, if you've got a better plan, I'm willing to sit down and listen to it. Yeah, because that's one of the best points. Bush said, if you don't like this plan, come with me and let's come up with the plan.

And they laughed at him. And they said, well, I'm not going to help you with this. Right. Democrats had no interest in trying to figure out how to save Social Security. I've seen a number of articles written on it now, and you and I've talked about how the

bipartisan effort to come up with a committee. But it's like, yeah, but the committee is simply going to say what's politically.

“They're going to tell you what you have to do.”

They're going to tell you what is politically, you know, possible with the two political parties. Right. Right. And you're not going to get the Democrats to agree to any type of privatization. No, no, no, no, no, that's not going to happen.

Because it would involve, if you think about it, if there's greater investment on that level. If you think about that level, where it started at a young age, where there was greater investment into the private sector, imagine what it would do for the economy. What the private sector, what the wealth expansion would be with that kind of participation at that level of participation.

And the Democrats don't want that, they're going to say, well, there's going to benefit these trillion dollar companies, and we're looking at the end game here in the end game is that it would benefit the people that are working to pay this every paycheck. That's their money. And you say they can't do what they want with their money.

It doesn't matter who else benefits from it as long as they get a greater benefit. That's my only concern, but Democrats don't have any concern. Once again, no concern for average people, they don't care about your wealth or your retirement or what you would have available to you. They don't.

They just simply do not. They want to keep it bare minimum. This is, in fact, I don't know if the DSA plan includes this, I'm sure it does. But you know, it's along those lines, this is, you'll get what the government says you need.

You only need this much. You only need, after you, by the way, pay into it, your entire working life, it's your money, and you don't get to choose what to do with it, how to invest it. And they laugh at you, no, no, no, will decide. And we know it's breaking, we know this isn't climate change kind of fear.

We can already see the end here, Earth isn't going to end in 2032, but Social Security is

Well, if I don't water my lawn, it might end by the end of the week.

But the temperatures were having that Earth might actually scorch. But yeah, so, but the other point is, Bill Mar has evolved because he was not passionately endorsing this at all when Bush brought this up. Right.

“Well, remember, he's the one that said, look, we call Bushhead Lure, we called Romney”

Hitler, but Trump really is Hitler. So he was part of calling Bush Hitler. And now he doesn't believe Bush has Hitler. Right. I was just recently said that.

Yeah. Right.

Now, it's, it's, I'd like to know what, I'm not going to have a drink or smoke

as a guard. I'd like to go on his podcast and have the chat with Bill, where's your, tell me where your change of heart was, or is. Tell me where you change your mind on this. Because this changes it from just the culture wars to fiscal issues.

Yes. And he didn't say, he didn't say, you know, he has talked about the, you know, the debt.

“I think that was one of the, the, the audio cuts we played last week, we said nobody cares.”

Right. Nobody cares. All right.

Same's going to strangle us and nobody cares.

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He's are currently in I'm Gary McNamara. All right, here is former Governor of New York, Andrew Cuomo talking about how the Democrats are afraid to confront the nut cases. Well, the nut cases are afraid to attack the insanely nut cases, but then at the end, he blows it.

Here it is. You ready? I couldn't agree more. Look, you have these moderates who are just afraid of the extreme life. They're just afraid.

They are. When they start with this, well, we're a big Kent party. No. That is a lot of crap. Big Kent party meant all races, color, creeds were open-minded, but a tent is a finite object.

It didn't mean Nazi sympathizers, you're welcome. If I semi-its, you're welcome abolish the police, close prisons, open borders, do a way with the Constitution. That's not the Democratic tent. It's just not, but they are afraid, Bill, of the extremists.

And they are placating them, and that is going to make the Tea Party of the Democratic Party. And that will make us a fringe party. The Tea Party was nothing like with the Democrat. The Tea Party was about fiscal responsibility. Something in what the Tea Party put forward was as their agenda was in the same year.

It was even close to this.

“In fact, the only reason the Liberals hated it, remember the opening on NBC nightly news,”

when the Tea Party had the gathering in DC, and it was hints of violence and racism. And then they showed actual pictures, and it was people from all backgrounds hanging out with each other. They were smiling, they were happy, they didn't destroy anything, you know, this was, you know, but they wanted to hate the Tea Party.

Tea Party was an extreme, wow, but he is right on the left, yeah.

And he is here, probably, and I'm Gary McNamara.

“Download our Red Eyed Radio app today, and you can listen, when and where you choose, and”

just speaking about Red Eyed, if you go to my ex page, no, I am not, I want to make sure I do this multiple times during the show. I am not promoting crypto, and that crypto got me my dream car. My Twitter account has been hacked, and waiting for excuse me, my ex Twitter account has been hacked, and there's only one thing that's put on there, but it's where I say,

where supposedly I'm supposed to say, thank you, God, making big moves every day, and this is just the beginning, finally got my dream car. And that was because I was, thank you to, and then it thanks this person who has this

who's clearly a bot with the help of crypto trading with an incredible coach, it's supposed

“to be coached back, she took my investments from slow-lane to fast track.”

She's my fan fan, I mean, let's see here, where's the, I mean, look at crypto right now. Yeah, I wouldn't say that's fast track, well, it might be in the opposite direction, okay. Yeah, no, no, that's not fast track. Yeah, so I thought this is really interesting here, this is an article in National Review.

What happens when teams stop working, but keep spending money, John Puri writes it, there

is a stark disconnect between what the economic figures show on improving living standards,

and was most Americans feel on paper, wages, and household incomes are higher than ever, adjusted for inflation.

“The median family has 40% more purchasing power than it did 40 years ago, yet such statistics”

are called comfort to the majority of Americans who think they are falling behind, for the last couple of years, they probably have overall. Then one problem is that human beings are exceptional at adapting to change living standards as a new normal, larger homes, nicer cars, more plentiful food, new technologies. They all become part of family's mental baseline, especially when everyone around them

enjoys the same. But Americans may also suffer from disguised increases in living standards, changes in behavior that make it seem like labor and consumption aren't matching up like they used to. I recently rewatched, I love this, this is why this is what got me to say, I got to read parts of this on the air.

I recently rewatched fast times at Ridge Mount High, the 1982 classic about mundane absurdities of teenage life, having been a teenager myself just a few years ago, what struck me immediately was that darn near everyone in the film has an after school job. Surfer Dude Jeff Spacoli is the odd man out. When asked why he doesn't want to make money, he replies, "All I need are some tasty waves,

a cool buzz, and I'm fine." Yeah. All the other kids have to work to finance their diets of fast food and movie tickets. Usually life revolves around the mall where the teens hang out, yes, but mostly work. Times have changed.

In 1982, around 55% of teenagers ages 16 to 19 were in the labor force. Either working or looking for jobs, today only 35% of teenagers say the same. Jeff Spacoli is no longer the weird one for staying home. Far fewer teenagers are earning incomes, but it's not as though their consumption has fallen off.

They still buy hamburgers and movie tickets, but also video games, concert tickets, designer clothes, and fancy copy drinks that cost way too much.

Obviously, kids spend out their parents income.

“The hallmark of middle class teenage life is no longer a part-time job, but a piece of plastic.”

40% of American teenagers have a debit card, and 19% have a credit card as an authorized user on a parent's account. Plus more rely on their parent's debit or credit cards as an authorized user's. Many families can now afford to consume more overall on fewer incomes. The shift represents a major increase in formal living standards for working adults, however,

it feels like a downgrade income they would have consumed themselves 40 years ago now goes to subsidize their children. They receive nothing for that money that could suck out of their bank accounts every month. Young people meanwhile are set to be disappointed when they enter the real world and find that they don't have as much spending money on an entry-level income as they did when living

off higher paid professionals.

“It may be marginally harder for teens to find jobs in the past, but most choose not to”

work. They don't have to. They can enjoy the fruits of rising productivity without participating in it. Those who put in the hours that pay for kids streaming services and cell phone bills, the parents are left wondering where all their money went.

You know, one thing I'm very grateful for is my wife is very good with money and she with our kids, our income wasn't when they were small, wasn't what it is today. So now we just all hung out as a family. They didn't have any money to spend and then when they became teenagers, they realized, well, if you're going to spend money, you're going to basically have to hang out with mom.

If mom decides she's going to go have lunch or something on the weekend and takes you along, that's pretty much what you're going to do. If you wanted to go out to a movie or something like that, then all right, we didn't do the allowance thing, right?

We didn't do, hey, here's what ever it is, 20 bucks a week for existing, you know, or

doing your chores. You did your chores because they were your chores. And then when our grandkids came along, we showed them compounding savings and there's actually a debit card and what you do is you put the money into savings and if they want to spend any of it, you can transfer it over into their account where they can spend

it as a debit card, right? User debit card is spent. When they started learning about compounding savings, they were like, wow, this is great. And then what we did is we would hire them for project, not chores, projects. We've got a ton of dirt we're going to do for the gardening.

We need that dirt moved.

“We need some, you know, people to move it and if you want to be in on it, here's what it”

pays. Recently paid my oldest granddaughter to paint all the doors in the house, to paint all the trim in the house, my wife had painted walls, I paid my fourth granddaughter a couple of hundred bucks and she did an outstanding job at restaining my fence. We restained it every three years and she did an outstanding job, meticulous.

And we did things like that. And then when they became old enough, now my oldest granddaughter, we paid her, she needed extra money, she actually has a job now and she's going to school. But she needed a little extra money and asked us, hey, is there anything around the house?

Turns out, yes, we're painting and we need some help here. So she agreed on that, we basically paid her as a contractor and it was about, if you're going to, if you're going, and I'll say one of the first four, not that great at savings. She would spend the money she would get, the fourth of the four, the one that's staying

the fence, the first four, never spent money.

Her sisters would go to the mall and, you know, if they went to the mall by the time they had their own money, they went to the mall even with their grandmother and then grandma was having a lunch, you got to pay for your own lunch if you want to go, right?

spend it and she would stay home and eat ramen and say, no, I'm not paying, I don't want to pay for eating out. You know, if you don't teach them the value of that money and now she's got, well, she had, she built up enough thousands of dollars over the years, she'll be 18 next month. Her birthday is very close to yours and she's got enough money or had enough money to

buy a cash car, she's got that car, she's just now learning to drive a little bit late but she'll turn 18 next month and she's already rebuilt over a thousand and she's only working a few hours a week, she's not, she's not employed full-time. Her other sisters, one of them is the one I talked about the other day who is a bartender at one of these movie houses where they sell food and sell drinks and so she loves bartending

and she's also going to college.

If you don't teach them the value of that money, then they'll never care about how they

spend it, they'll never care about having those reserves, you know, all the important things

“and it's, I think it's a very valuable lesson, but one of the youngest guys that I took”

her by the way, has a couple of that. I just want to bring up something before we end here, okay, and that's the point that, to me it's not the point of getting an allowance or not, it's the whole thing that, it's to me it's the same thing that we talk about cars. We always wanted a car because it meant freedom.

It seems like your, your granddaughters are on that same level that they want to get out and they want to, they want to, they want to do things in, in life. I look at this as when I was a teenager, we got a small allowance, wasn't anything big, my parents couldn't afford it, it was always tied to the chores and then when, you know, we got our jobs, it was like, well, we don't need to do the chores anymore and it was like,

no, you still got to do the chores.

But I always wanted a job, I know everyone knows how close I was to my mom and how close

I am to my dad. When I was a teenager, I wanted to get away from them. I didn't want them to be responsible for me.

“I wanted the same reason I wanted a car.”

I wanted to, I wanted that, I wanted that freedom. I did not want to be tied down by anything, you know, that my parents could hold against me as a teenager, that was my rebellion. It wasn't, you know, you stink as parents, it was, I want to get out of my own, you know, this whole thing of subsidizing the, the, the children that then gets into college, that

then gets into after college because of the record amount of young people still living with their parents at home in their 20s and now even into their 30s with their parents, we've done those polls out there.

Yeah, they're still subsidizing to an extent that never happened.

And to me, I think it's a natural process to want to get the hell out of your house and get out of the authority of your parents until you get to your 30s and then you go back and you become one of their best friends. Well, I mean, that's, you know, that's the point of, in fact, all my oldest three kids have all lived at home as adults, my son lives at home right now, but he pays rent.

Yeah, we do too. And he pays. Yeah. You pay, you pay what you're going to pay almost in the marketplace for what he had for the space he has, he'd pay about the same on his own.

“You have his parents for there, um, you have to deduct like $1,000 a month for that.”

No, no, you have to pay extra for that. We're pretty cool parents. No, that's something, that's a benefit. No, but as soon as college was over, yeah, day college was over, we paid rent. Well, and, and what we did with all three of our, our kids, if you're going to do that,

we also want to see improvement. We want to see your savings, do you have to give us, you have to show us that you're building money for savings, my one daughter, she and her husband, us, uh, built up tens of thousands of dollars to put down on a house that is now almost paid for. And they've only lived in it five years.

We never talked about them. My dad was the same way. Yeah. What are you saving? I want to see your back.

Yeah, dad, I'm on my own. Yeah, college. You don't get to just play around. No, no, no. You're living here.

Yeah. I want to see what you're putting away. And you're going to do work around the house. That was a gift. Yeah, but by that time.

Right. We are right. I radio. Coming up more with Gary McNamara and Eric Carley.

We are right, I radio. He's our Cronin. I'm Gary McNamara.

“You know, I'd love to and we'll get into more detail on it on future shows.”

Yeah.

Mark Cuban when after Rokana in California, on the told me doesn't understand business

because of the well, the well tax and all that, and then Rokana was like, well, because you said, look, you can be cash poor and stock rich. Yeah. You're going to destroy these people, what do you, you know, and he said, well, we could loan them back the money and then they could, you know, we could give them a loan to pay

it back. And he's like, you don't know what the hell you're talking about.

“And I'm thinking to myself, don't get mad at Democrats.”

Yeah. You supported Kamala. Right. And it's your Cuban. You're part of it.

Yeah. It's good. God says. [MUSIC PLAYING] This is Ridae Radio on Westwood 1.

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It was something I always wanted to do.

If you show me a clear goal, have my cookie. I can do that. He's like, you realize there's about 1% chance that you're making a 3%, 1%, that's all I need, Mass Chief. I put two in one home early, and I've just went up to my chief, and I was like, I'm not

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I was like, OK, I could get used to this.

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