WWL>Topics>>2-11 6am Tommy, President Trump?

2-11 6am Tommy, President Trump?

Feb 11, 2016|

Tommy talks to Peter Morici, Economics Professor at the University of Maryland who tweets at @pmorici1, about how Donald Trump could become president.

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Automatically Generated Transcript (may not be 100% accurate)

I don't know Chris if you guys are covering this in news or not but the state has a budget office. I was here at the can you shut your story it's up to two million two billion dollars an hour right -- it's up to us they're projecting for next year in this year instead of 750. Billion they've batted at least another hundred million that that's only 200 million. Mean it's not like. Real money here anything. You know I Italian. I don't know what's real and what's not anymore because. In light we have this every year. Then it seemed like it was a way. The president I think and you gotta stay out of this has lost his mind. With the oil market mean when when it is it was again a do he wants a ten dollar barrel tax on oil. I don't understand logic here any thing and the offshore revenues. He want to do away with those. So. I don't know what he's trying to do he went to take the revenues and and give them to. In the into Alaska for coastal restoration to keep the people and from eroding there. So I honestly you know. And a well honestly I don't I'd system won't see your am dumbfounded I'm. Woods who were would you use speechless again no words for this largest. And hunting nine that is. In essence running the American economy Europe points of people do with the Federal Reserve. And in charge of the economy I think is president that falls under his daily wick. I just understand. I understand how he could not get it is that you canyon. Tax the people letter losing revenue when the market is down. And the market is so down and I'm telling you more about this is a morning progresses and progresses. Aces has cut wages. And that is not a joke. And I think with Betsy uses for those of you think ices is a JV team war. A bunch of guys who run around and truck on. Now that the case Jerry well constructed well organized. Well financed criminal enterprise which is what they are I think this is the the Islamic version of the mafia. And I think in the end they're running wild in a country where unlike here they have to run below. Did the radar beneath that we have a lot can find them secretive flee. And in essence it's like the mob trying to take over a country so they have modeling at least that's when I seeds X eleven. Tommy Tucker glad you would suspect in a flash and if like me because a monitor Roy you have lost track of the days of the week. It is Thursday and it is always also rather when will be to date February 11 back in a flash double WL. 615 Tommy Tucker delighted to have Peter Marie C witness an economics professor at the Robert H Smith school of business at the University of Maryland and you've seen him on networks. Pretty often give one answer. I know this is not what you came on and talk about it we're gonna get to Donald Trump and in a second but. Come and seen a story Euro and oil price its price that com that says crisis is forced to cut wages is oil revenue thanks. What you're an economist and you know you write a Colombo world situations at setter was it tells about crisis. It is that the hasn't as a as a funding base. It it's not stealing the money so to speak from Saudi Arabia but rather attack the people in the territories that it says. Mean you know up Mina. IRS but there extortion you know protection money. Today terrorist groups in in in Africa and the Middle East also make money or we quibble like which trade. Flower. Try to milk things of that nature that are very important staples in the in the region. And oil and Munich they control of oil fields now I mean what do I think listings that this administration is to pretend that I think is not a country. It is it has control and exercises sovereignty over a swap of territory in Iraq in Syria. And it reached the oil revenues much as as they arena and does from permits oil fields. And with the price of oil down. That that crumbs on net revenue. And they need to be copying analogue so he cut wages that's one way to. Mitigate the outlawed now. It's harder for them to get paid that was with the sanctions were now where ran. Would it really couldn't keep him from selling some. Oh we can make it very hard to get paid after you ship but. A 100000 barrels sensitive port of New York. Or a port of Philadelphia for refineries in New Jersey. And how do you get paid you know he bit into which equity it make electronic transfer either way it goes through. That payment system that is largely controlled by US. British and German banks. And Japanese banks the the American makes it very very important city thanks very important in the global payment system. So being keeps them from getting paid they don't have any money. But you know this notion that these guys running around with suitcases full of cash to buy the weapons they need is silly. They operate much like the country constraint. And oil revenues super important. Outside about Donald Trump and I was the op Ed piece you wrote the column. We I think two months ago. Maybe a year ago we would of that we would have smirk at the idea of Donald Trump being. A legitimate candidate or actually becoming a nominee and then winning the White House but there's those Morgan now. Well though and in our report column also wrote a column this week in the Boston Herald and that appeared on the fox web site. A the the trump phenomenon and he really trumpet in this phenomenon in the first oracle and that is. We have to recognize. That as poorly as President Obama has done with the economy and now there's signs that it's going to be even more troublesome going forward. This is really a trend that began President Bush George W. Bush. He did not have a very good economy if you've been through the years that would not part of the financial crisis that ended his administration. It we can argue about who call it that what he's accountable and this and that he gets stuck with the bill. But in reality a lot to do with things the Clinton did at the end of his term that we forget about that. The bush during the growth you'd do it to the growth during the bush years what about his war is that growth during the Obama years. And oh there's a lot of really troublesome signs underneath the numbers for example small businesses are disappearing. And it's it's no wonder which you have the Obama care. Problem. You know it's so expensive for businesses but also those mountains and mountains or rate regulations that. Is bureaucrats it will people get through them that's right. I gap can get through them but mounted in the and the clothing retailer so one by one in the world going away. Been in any case that's just one example what I mean about. A fundamental the K in the American economy. I don't think that anybody believes. That really understands economics and released studies the economy and business. That a big tax cut won't would be in which used the economy temporarily. Will fix the structural problems that have been building up. But rather you have to go again and more basic level and whole mobile Al. India the pull out the problems from the by the roots and burn them. You have to get raided those people at the you know see who just live to find race in India in gender discrimination in everything we do. The people that think like Hillary and Madeleine Albright. In religious terms about these issues not just one example. You know another one as environmental regulation. An inmate awaiting Iraq people. An IRS that seeks out and persecuted people who vote a certain way. Don't think that the people out by the root. And then are going to be pulled up by direct by our president to globe trot. And that you really have to slip or just India could be forget about ideology the haters work. Well the you know response to get someone and it makes it work in the monitored and Senna metrics and so forth. George Bush did do that it would Barack Obama did I mean it basically on holiday they were on scholarship they were actually being president. No I don't think anybody believes that Jeb Bush would be any different in George Bush. If you look very good example. Everyone expected George Bush to do something about final mine would bestowed to men's athletics in colleges. Instead he studied the problem and never did anything. The voting rights act. Which uses metrics in the 1960s. To assess whether counties and cities states should be supervised by the federal government. I get that you're voting patterns in the sixties that's ridiculous. I atypical it's basically a court case to get rid of that you know George Bush did not think about that. Well let's look at women in the military do you honestly think that women can jump from airplanes and be Rangers. That they have the upper body strength of that. I don't. Now what would the lit up like the role of them in oh women in the military that that Obama has mandated would be subjected him to the direct. The mainstream political candidates are all the the reality is that mainstream Republicans. Call the big game. When they get to Washington what they do was give it a respite between democratic administrations has an act democratic administrations. Build out were things that harmful to America very harmful. And the Republicans negative for awhile. Cut taxes. Give the economy temporary boost but doesn't fix the problem. Those white high school graduates. One without college. Have been terribly persecuted by the Obama administration. They don't believe that Jeb Bush is going to make the world any better so why I like the current yet you think rubio would be any different or case a largely American government governors have become like college administrators. They've basically implement the policies that federal government they don't exercise much vision. They're really tight again with things like making Medicaid work. Dealing with the Department of Education in the on the common core and so forth. They're not really leaders and visionaries that's why they do so badly before Kristi the most fiery one of the bunch could do. Would hate like homeowner. Who's who's about to be foreclosed. And pour concrete down in the toilet like going to rubio beat rubio I don't believe would make things much different either they might. It's been global more money in the military but they won't. Radically change which broke now. I think what it what would trumpet to doubt if that. He's basically saying I mean which which broke I'm gonna make it great again I don't nobody really knows what it means but it's a cool sounding message. Likewise on the other side let's face it. Wall Street is buying it's still in Washington that is true I've been saying it years. And the only difference between a bush Treasury Department. And Obama Treasury Department is the difference between that it in the sixth floor on Goldman Sachs. That is the reality. Yeah they have they have written blues there from when he went administration and the other the reality is that same. Group of CEOs other than Citibank or on warrant in Manhattan as before the crisis saying themselves the same. Huge salaries while they contribute instantly democratic campaign. Your cable bill. Go to. The courts the everything technological goes down every year one table bill bill five to 10% a year. The answer is President Obama does his fundraising. At the home with Philadelphia. Comcast CTO. They that the cable companies have been disappointed on some regulatory issues but their ability to monopoly price goes on. Americans get that Billy green they concede that the system is rate. That basically Hillary Clinton is what and paid for French Poodle in Beijing won it back. Who bring Iran to hold it tells women they going to hell if they don't vote. To let the plantation owner. Keep exploiting them. It the worst kind of say it's the worst kind and so Ernie looked attractive to radically let women and some moderate women member whip Hillary in every democratic category. Women over 65. And that that's surprising though is that the women who really happy in their heads. That whenever two with three men are gathered together this conspiring against women. You know that we trying to dig route had to keep women out every moment of the day OK they really bad. And he kick pedal board to you can't do anything in deciding with a male only anymore which can do lots of things that Israel. But men have to be watched well that's crap. And the in the women now. So you know they're basically reacting to exploitation. To an underperforming economy. And mr. different than that there what does the socialists have been the answer and the other is some sort of greatness program in the answer. Don't know. Is fully formed. And. Professor I'm gonna add to the unemployment rate if they don't if we don't stop for traffic. I hope can you come back when Deng. Yes sure I'm gonna take a couple like time well. I do that you know. Now I think uses very fascinating things is why didn't warning in a row but I do you know do commercials. Oh did you come back here to speak at the trap if you want to Kenya I can admit that I used to be after the that you mere question well you don't. While roller well wrapping up you know where there. Public traffic you know get news and Jordan talked to is 616. Times out look at traffic on them. Thank you respected doctor Peter Marie C in a moment some of the text coming in as my favorite this guy brings fresh here to a dump. He has gone on he's doing an awesome job. Interview this guy should run for president. I was almost late punching in because I want to keep listening professor is brilliant what's his name his name is Peter Marie C. And I think sometimes people here were they want him he's not both Obama and bush. Equally and now he's sorry about trump and Sanders and are we really don't see any change in what can neither one do will be back the memories he's got a W. 64317. Before seven dressing no breakdown in the right lane on a high rise it was called backer to expect them to which way. Doctor treated Peter Marie C. Rejoins us now he is at the business animal waste time telling people who yard doctors just waiting and follow him now on social media and I just did. Jeanne MO at PM all our eyes CIA in the numeral one. So let me exodus professor. Donald Trump Bernie Sanders. Certainly demagoguing it out tell their body what they wanna hear but at at some point I mean the the things that a president can do. They can't do all this candid look at Obama President Obama he had a democratic congress in 2000 couldn't do what he wanted to do. Well we passed obamacare which is an incredible achievement. Legislatively. Because he had control he had sixty votes in the few people however and that jet go back to the Johnson days. To have a president that had the control over congress that Johnson enjoyed. And we're just not concede that again any time soon. But there's entertainer re involved in that and Christmas Eve well. If there was. They've they've managed to hit the build there in the very brief period that they had sixty votes. To senators. Basically pass the bill thinking it was going to be at work from progress that it was going to be I meant it in in conference. And with the ousted with tests that bill and then and amending bill they would stop with the first bill and all they could do was amended. And do it is an example of we have a couple of Republican senators that are only Republicans on the day they caucus to pick a leader. The rest of the time there is thinking you can get. The woman from New Orleans. Keep it from remains excuse me. Susan Collins yeah I mean is just. Just she just wants to get the most annoying voice in the history of the world too you know Hillary Clinton. And they sound. I did listen to Bernie Sanders all day long Hillary can't do it. That's for the reasons that Bernie is winning but I think demagoguery. Do you honestly think that the presence proposal. To provide wage insurance essentially is what VP proposed in his budget that is that if you major Japanese take one at a lower price or wage. So make up the debt the federal government will make the difference. Well it would talk about the present and let me bring this up. The demagoguery that stupid I mean it just get baked beans thrown out there and then he'll be able to say while the Republicans would rather. Take care the rich. Then help out the working man you know he'd been rabbit that rich continue not to pay much taxes when they paper heavy taxes already. Well I think I want to say is that the president's proposed and a ten dollar a barrel tax on oil and and indices. As hurting is certain can be. Now it up with respect and hurt the worst the working mother the single mom. Kristi struck and it's all over the place in the car mean don't kid yourself that at the command and hire an art yes we crisis but the circuits. And the target to this informal group like at the higher than in viewers in the White House. They just Newport wanted you know. Conservatives persecuted but they did it in the got away with it again. But the surrogate so those liberal professors who. Don't tell our children the true. Will they would you know the big oil companies make lots of money they can observe that handles the barrel don't worry about the pricey gasoline. It's like the notion that raise the minimum wage to fifteen dollars won't cause unemployment. You know if you believe that they Drew Brees will be quarterback he makes. I can't thank. I will I well one of those things you'd have to believe that but I think it's kind of demagoguery going on all over the place and two great American tradition. To exaggerate. And one of the things that's going on. Is that. Donald Trump appeals to working class people in this industry you know they allowed to go to. Two Atlantic City big gamble in the united that they hate you if adventure. What street bank that's in Atlantic City on the we insist that the dying industry what was was really going. It was the guy with a blue collar job. A better blue collar job with but it was really cool vacation to go to Vegas or Atlantic City and spin the roulette wheel. Did that that could Datsyuk he's appealing to and so the intelligence just says that. You know Donald Trump is is a demagogue it did anybody accused Mitt Romney demagoguing. I don't think so since in my own. Oh wait I think what they did and I just don't. Argue. As an irony Thompson's name me one. Time in yet but. I'm just. Yeah absolutely York yet to remember. Just like Donald. But the thing is is that if you looked good in India and it was on TV with a with a couple of establishment Republicans to the same way you know. How do these things out and promised they is that rightly well. I'd trade. Go to his website is an explanation of what he's going to do when trade and just about the same explanations that make big game and wanted to terror on. On caught on Chinese imports as well. Court in the liberal columnists Nobel Prize winner at the time once it exactly the same sex. It does nothing demagogue about it other than. You call it demagogue it it Donald Trump that it. Well Bernie Sanders is doing the same thing is united seems to me we get two guys. You don't he. Absolutely not a lot of conservative or moderate Republicans called a called for breaking the banks for example she looked tired. Who would control the currency for the Bush Administration much at market in banking circles. I've called the break up the bank flop it okay that's a very reasonable Oster. National health care. It's a very portable thing. Much money the question is how you get the money re directed in different way. If fact it's a lot cheaper to do it that way we what we liked the process. But you can't deny that the brits are pulling over and dying because they have a national healthcare system. You tell me am confused now offers a thought. You didn't like Bernie Sanders policies and you're like Donald try to win. He. Heard it and I don't like and point the left in the right it's just circled me. People need the same ailment. Namely a rock political process. And that I think it is the thing in the core Olympic like kids which they do. But rather. You've got a system that boy is paid for by. Big pharma. By the health insurance companies by the banks. By the cable companies and so forth. And then it got this democratic. It actually with regulating everything under the sun as opposed to structural solutions that is we're gonna regulate the banks as opposed to making them better. Is supposed to breaking them up that we can make and expected to break up the big banks if that's what they get their campaign money. You know that epic and number it was a but the big man at the church carries around. Collecting money on Wall Street you know being the most corrupt member of the United States senate. And then splitting Iraq into Republican colleague democratic colleagues to run for office the same it will Barack Obama. In case they think the same problem. And they're coming up with in some case is different solutions in some cases several solutions that these guys are out of the box. Trumpet really. A Republican. And burners Bert induces not really a Democrat to beat them and diametrically opposed. Is in the state to read one article about the two of them and then another article just about trump. Because I do believe. That Hillary Clinton is not enough women fools. Could become that they're that the Republican nominee and she's got democratic nominee and she's got enough black convinced that she looked. Calling the welfare gravy train our government jobs and benefits and they don't like that. Because you know they feel that. The society still discriminatory if they'd entrant to the private sector will be the focus of discrimination. Able. They have been argued that it side businesses or they won't survive. And you know bet that that that the battery issues America perception. And reality that has to be addressed. But because of back she will win the nomination after he can Whitley is South Carolina could plot the white people are gonna vote they have. South Carolina is is majority black. And a majority minority patients say excuse me not because just African Americans the majority minority. You know in the democratic primary and that's great day territory for Bernie. Professor I wish I keep you on for hours I can don't get a leave you with a big laughs. Yeah I went up brought everybody professes early series. Now does this make you laugh attacks incidences I hope. I feel you Briggs as. I backe did maybe WW offered him a job to co host with you yeah that's right we can afford actor Peter Parise. We go over 25 a year dot do we tell you that. Well you keep it well but not when I don't think it ought to wait hang on hang out now wait a minute wait a minute. What I was joking about is that you were worth every penny of what you learned we can't afford is. What they can soak this in their lives and 350 or certainly you'll your electric yeah do you. If it. Well I don't think I might my university salaries about it. He did not agree let him. Or you know it's an opportunity for a New York. Like the beer I'd like to in times where you're not like it you don't want the what are your yeah aren't you read thank you spotlight and it. They will talk to you again I'd Peter Marie C 653. 747. Aggregates that a lot of what he has assay and I think he criticized everybody equally. And we Covert coming up in the 1000 dollar nationwide power hold cash contest right now time for the these hundreds of you who are texting in thanking me for Evan Peter Marie C on. We should thank him Gonzales it was listen but that's good because you know like to shut my mouth and open my ears every known and you can follow him on Twitter at. PM OR IC the numeral one. And ideas signed up point.