as from the us, a triple the market price of its pike equivalent. but now washington is suddenly restricting energy exports and terminal licenses, citing environmental concerns for the whole street journal report. so cited cold concerns have been pushed by the rockefeller family. one of the richest banking called sales in the world and rumored to own countless politicians question, what with us here? this is the hello and welcome to the cost of full board. here we discuss the wheel in the

i'm action or can see welcome back to going underground, broadcasting all around the world from the u. a on sundays show we spoke to you as the presidential candidate for 2024. professor cornell west, who believes joe biden is a war criminal for the gaza genocide. but there's another jail threatening candidate who's us supreme court to be author immunity from prosecution deadline is today. he claims he could end the war and guns and on russia through ukraine, and revitalize a suffering economy at home. and he's the favorite to be president. donald trump, a former republican congressman, is new book trump's war and capitalism that exposes the catastrophe of trumps. last time in office, david struck him into reagan, administration's budget director joins me now from miami, florida. so thank you so much david, for coming on, i suppose before we even go into the depths of the once an amazing tour to force of a book in terms of its analysis of i can say that the polls show trump uh, handles the economy according to polls best uh, uh, better than any other, uh,

better than buying in the opinion polls. that's what people are thinking as he clearly is the favor, whether it runs from jail or where else 20 points. he's in the lead to what, why do you different from that huge lead of your fellow american public as well as compared to the by the journey. and it isn't much to say that it was better . but the fact is, there wasn't any great mag economy in 2017 to 2020. that is just one large and medicine balls that donald trump and his maggot supporter says, uh, promulgated uh, you know, month after month, year after year. it wasn't true. and of course, he wasn't even remotely a economic conservative. he's the biggest vendor we ever had the over office. he was constantly harassing the fed. make got your money even easier to prove even more to push the interest rates even closer to 0. he obviously shut down the whole

economy arbitrarily and in an unconstitutional matter, with the call is locked down to the spring of 2020. so when you put all that together, my conclusion was, he's the last guy we should be nominating to address the huge problems facing the country in 2024. but the mag a republicans and republicans generally said, yeah, you know, he's a loud mouth, boastful eagle, me maniac. but he, he gave us a good economy and the purpose of my book was to show that wasn't true. i, i take 4 or 5 or 6 major metrics that, you know, assess the performance of the economy, compare it to all of the presidents since harry truman and so have and presidents. and he comes out on the bottom. we don't need to go into all the data,

but the big picture is what was the economic growth rate during trunks for years. it was 1.5 percent per year, which is half barely half of the 3 percent on average for all presidents. the 5 percent have reached during the nixon or during the john as an kennedy administration in the sixty's 3 and a half percent during reagan, even more than the 2 percent growth during obama. it's always under which of course, as we know, he would say it was all about cove it, but in the book you make for the case that the and use of president reagan, the very controversial president who's a foreign policy linguist today in the global south. and the, and the amongst the working classes of fly over america is you call it in, in your book. you make the case was saying, actually it doesn't matter is the president is the federal reserve again. and again, in this book, explain why that's because as well, i mean, ultimately we've had so much increase in the public debt,

so much spending that was paid for that we would have had an economic crisis long ago if the fads did not monetize all the debt in other words, the massive bomb buying that it did month after month after lunch was the only thing that kept interest rates from, you know, exploding higher. but it was in a permanent solution. it was simply building up an inflationary bubble, both on wall street and on the main street academy that finally let loose as we know in the last couple years, we got 40 year high inflation. and now they're struggling to try to somehow bring it down without sending the economy into the ditch, all of that stems from bad monetary policy. but the thing is, if you're going to change the direction of the country, you need a house cleaning. if the bed and talk with them the other way to complain, ga,

certainly practically weakly that the fed was not easy enough. that is needed. the cut rates not get them back to some kind of normal. i hope that it needed to create, keep monetizing these huge debts that it was he was creating when we should have been going the opposite direction. now the one point that i make in my book is during trumps for years, and that was a long but it's a good test. the public debt in the united states went from 20 trillion to 28 trillion. puts in a trillion gain again of course you would take home and sorry to interrupt again and, and you know, in the long run as regards this kind of money printing or quantitative easing, as your hate figuring this book haines, we just said we're going to be dead anyway, if you use a also though, even if someone does support that historic policy, the united states of doing money, the money goes to the richardston society. yeah. who will lead to all that said the

money preventing that accommodated august spending in the fuel. this bottle basically ended up with the top one percent or at most the top 10 percent of households that own 93 percent of the stock. so if we look at just during trunks term, the average household in the top one percent gain $10000000.00 worth of now we're the average household in the bottom, 50 percent gain, $1800.00. ton of the toner surprise. that no surprise that they're obviously going to be masses of voters who uh think the trump has lunch is less than i remember venezuelan president before chavez, who was completely corrupted perez and they said why you were doing a game for the same guy because he's stolen enough last time. similarly, is that your explanation as to why so many people in fly over america is you to pick that one to him back again? even though they didn't benefit and the richest in america benefits. i don't know

that they want trump back so much is they want a fundamental change in the direction of the policy. they know that. ready the, you know, the, a lease on the back, you know, what i call the bi coastal leads benefit from all of the empire abroad and all the spending in the military industrial complex and all of the accommodation of the corporate interest that happened in washington. they know that the sad isn't necessarily making life any easier for them, so they want to change. unfortunately, donald trump is the wrong answer because he really is clueless as to the underlying cause of why there's so much distress in a fly over america. basic. so we, we've inflated our economy so much that is not competitive in the world. so we've

off short, a huge share of our industrial base, millions of good paying jobs. so that's part of the problem. it's downs from the fed. no truck went in there and said, well, it's just due to this various governments in china and elsewhere and bad people in washington to negotiate bad deals. if you only put him in charge, he would fix everything money and you make the casement actually, trump funded china during is time factor. yeah, exactly. and even more, because it's a day after all of the tariffs that he put on, which would be paid by the american consumer, not by china. we have an even bigger trade deficit today with china than we have in 2017. when he said he was gonna fix the problem, the deficit with mexico today is twice the size. it was where he started. and when he started, we had a balance with canada. and today we have

a large deficit. so none of the nostrils that he propose were accurate. none of his policies fail, they made them worse. and i don't know what trump might as well have been a chinese communist spy while he was in power. that's what you're saying in the book. so yeah, i, i don't know if i would necessarily interpret it that way, but what i am saying is that we've got to get back to basics in this country. we need to get these deficits under control and eliminated. and we have to stop the probably data from continuing to serge at the rate that it's been going. you know, we're going to be at 50 trillion a public debt by early in the next decade. and with trump is likely to be even more . okay. i want to explore the some of the nuances there. okay. in a bit, bye. just wanna take a quick detour and that is something that trump talks about the increasingly robot of kennedy certainly talks about it as does going out west the welfare state. as

you describe it, how much do you see uh, these presidential contenders as being proxies of this warfare state as the united states, as the by the ministration desires to as print loads of money and send it to the landscape in ukraine to go to as well you know, obviously the buying is a tool of the warfare state. if you want to call back the deep stakes. i agree, you know what he's doing, and ukraine is absolutely and say, this bill before the congress, they added another $100000000000.00 for an a to ukraine. israel and the rest of them is totally on affordable as the 1st point, trump talks a good game. he to, he sounds like he's for america 1st. the sounds like he wants to end the forever wars, but he has no capability to execute anything. when he was president,

he inherited a defense budget that was nearly 600000000000. it was already badly blown and he should have taken an axe to it and cut out a $1200000000000.00. but instead, he pushed it to 750000000000 and then buying came, man, you know, i call a 3 you and a party, the war party, both a democrat and republican versions. and it's taking it to $900.00 bill. you know, i have no confidence the truck would come in diamond with advanced budget. he's face movie, you know, has a big, big stag. he can go around the world clubbing everybody and his admission or cleverly negotiating. uh, you know, uh, in the end as some of these problems. well, he negotiated with a lot of people and as far as i can tell during 4 years, very little happens. in fact, lucky today, we have as soldiers in harm's way, in iraq and is syria, what the hell they doing there?

well, you know, trump said we should in these forever words. he said, let's get the troops out of syria. there's 2, still, 2000 people. the point that he's now line does mean quite apart from, as you say, the fed having the power over the monetary expansion isn't, isn't the fact going to be very blunt from last time round and john bolton last time he was on this, you'll obviously hates donald trump and wrote a book i told you about how we ate them in trump and replies basically said he got the wrong man. his is national security advisor this time around. is he going to be different? i mean, you know, you want stuck a golf and maybe as a, as a v. i talk a call soon as an isolation disease against the big wolf as state. yeah, well that's true, but i have very little confidence that donald trump ever learns anything for more than a day or 2. he slides by the seat of his ample britches, whatever. uh, idea possesses him at the moment. he pursues without any serious

reflection or research or homework. and so i have no com. so it is mentees learned anything? mean, after all, he was talking about america 1st, the bringing the empire home, stopping the forever wars throughout the campaign in 2016 and is early days in the white house. and who are the, bring in to the top positions, john ball, who is a total neo con, more monitoring, you know, global head geminus, and mike com peo, who's even worse any, what's one of the c i a, the other is national security advisor and then rewards bound failed by making them sick. j state. this tells me you're dealing with someone who doesn't have any ability to focus the same things through and, and make the decisions that are going to be affected. so i don't want another 4 years of learning experience for donald trump have been struggling. i'll,

i'll stop you that more from the reagans budget director and the older of the drums war and capitalism after this break the, the, the,

the welcome back to going on the right. now i'm still here with people that you as budget management director on your ranking, an order the new book, comfortable on capitalism. david, we were talking about, well, you and talking to me about our really you, you know, fan of the drum personally and anything else. joe biden, and of course that's the main choice and you know, find that is either and i'll give you a backing robot f. kennedy joe biden, obviously obsessed with this border as well. explain how your book delineates the midst of, uh, any kind of any kind of truth actually in the public debates in your country when it comes to immigration and why you need so many immigrants for the united states economy to perform in the future. and without them, out of your economy is in danger of collapse as well. you know, 1st of all, it's a matter of basic demographics. the native born workforce stop growing and 2015

a decade ago and it will be shrinking at a pretty good lean rate as far as the i can see. now secondly, we know from economic history and logic, that about half of the economic growth comes from more labor for more workers for more hours employed in the economy. well, unless we have some way to increase the size of our labor force, so supplement, the declining hours that we're going to get from the native born, our economy is going to stagnate, even as though we headed towards a 100000000 retire raising the baby boom. in their later years. so that's the fundamentals that we're dealing with. the problem is we have a totally broken immigration system that says if you are skilled and you got a ph. d, and you're a high tech guru. well, google can get you in through one of the many categories that are in our

immigration system for skilled labor. but if you're just honest, skilled or low skilled worker, but we desperately need in this country, you can't get in at all. there's only $4000.00 slice a year when we need millions of people. so what you have to do instead, and this is what the crisis is all about, is basically pretend that your and aside, we are in the asylum seeker, a refugee from mexico, or el salvador, or guatemala or elsewhere in the western hemisphere. come to the texas border breakthrough log interested in get in the queue of a, you know, overburdened port system to try to get asylum on the ground. so it is too dangerous to go back and tell you in the book you, you may think a, so a guest passes in a and a so therefore i the old version of the, of the system. i understand these ideas are not there or even on approved by

the so called progressive, who knows will create type of the media. have you being allowed to talk about this? the wall street journal's in the new york times, what's, what's going on with the day by day basis. and they bigoted to they just don't like people from overseas, if they come and realize this is a practical thing is not even to do with morality from where you're coming from. real liberals in the buying people sort of like the asylum basis them because they, they, ultimately, these people won't come to america unless they're accommodated through the asylum system and they'll be grateful. and therefore they'll load democratic or that's their whole due. on the other hand, there's so the holding to organize labor that they can't talk about the logical alternative. a large scale guest worker program, where people wouldn't come to the rio grande river or to the border and try to

break through. and they would simply go to the consulate in their country, mexico or those the rica apply for a guest worker permit if they were screened in the past of and i could make contact with the us employer they, they could come to the united states. there wouldn't be any crisis at the border, but the liberals can live with a guest worker program is organized. labor is a guest. now the republicans, they are looking for an issue and they don't want any more for democrat voters coming to america. so i, you know, they create all of this hysteria about, you know, the board rhyme and drugs and you also explain why that's actually a to be interesting, white native americans, they should be deported. come to the bad the hey, be here in the book. yeah. um, okay, but uh uh you know that, uh, if the fed, as you make the case for is running uh everyone's livelihoods in effect. or you

must think that if you do take the morales the out of it, a person sitting in the oval office will think, well, the way to increase manufacturing jobs is to order the printing of money to send to zelinski and ukraine to send it to nothing yahoo! it to kill other people to kill palestinians, decalle, ukrainians, actually, and russians. and that will stimulate the war economy in the united states. and that's the only way that you have any power as a president. is that why the military industrial complex continues so many years after eyes now to be the what bite and supports we don't know really about trump as much could you? if you make the case that he do the same of the military industrial complex thrives. we have at 900000000000 defense budget is absurd. in fact, if you town, every thing security assessed is for an aide, you know, international operations of the state department and national down for democracy

and all the risk is 1.3 trillion is probably double to even triple what we really need. so why is it there? because there's so much money flowing through what you would call the national security complex, that in basically creates its own lobby all the think tanks all the n g o's. all over lob uses the bill ways. built way all the military industrial, complex contractors all put their shoulder behind, keeping their budget where it is today in rising, you know, as steadily year after year. so it is a political problem that can be solved until we get our president. and this is why i'm so strongly for our f k. robert kennedy junior, who says, i'm not, is enough. we're bringing the empire home. we don't need 11 carrier battle groups swarming around the globe, looking for trouble. we don't need a 180 bases. we don't need to be placing the red sea or the straits of taiwan,

and we certainly don't need to be running a product. i was already went through it, but i know he wrote the forward to this book. but you know, he said for as much money into israel against palestine as it takes, i don't know whether you've had a chat with them since, since you were to forward of your book. because kennedy once more, a village genocide and gaza. yeah, well you know, obviously you're never going to have a 100 percent agree with anyone either use case is more than a mouse is a bunch of bad guys and we shouldn't i overlooked that? and i think he's right about that. but i don't think he's real needs a lot of money from the united states. but when i point out in some things i've written use, they're spending only 5 percent of g d, b on defense. back when they had a true existential crisis in the seventy's. at the time of the paper where they were spending 20 percent. so they're taking the usa for a ride, a yeah, a couple of percent more of taxation on their be able to provide the security that

netanyahu in that class. they explain. e, i is what all of the happens here, rather than asking the, you know, the us taxpayer to cross up another 15000000000 that they don't need because they can get from their own resources and we can't afford because we're already had totally bankrupt. so i disagreed about a israel, but that's a very small piece of the picture where i think he's totally correct. but as you say, no one can agree totally with everything people say. but, you know, in the, your greek memoir, read drive from politics. you'd say something about reagan being converted by congressman jack kemp in 1980 to reduce the top rate of tax and change. the idea is a reagan, you obviously learned a lot of lessons for being in that administration. and they said it's no more for a, you know, arguable genocide in so many foreign policy areas. and for impoverishing the united states, you learn so much instantaneously as your books of a change in their,

in their ideas. when you, when you say, washington doesn't need nato to protect our allies in your a because they are not facing any threat that copy, handled by their own ways, means and going to say the whole disaster. and ukraine today is rooted in the wall bodies mind is expansion of nato. that is the same policy as cornell west. and that is the same policy as donald trump. and that is, of course, the policy of the present use, a boarding robot f. kennedy. why kind of all these different elements get together and defeat the whole body? yeah, because they're all over the line. robert generally is there, and of course the list is there, but trump had the view that we all there. she knows. he didn't argue that the nato's combined defense budget of 1.25 trillion isn't necessary, was basically say they should spend more. so we don't have to spend as much. so yeah, but now now the is lobbyist kind of backing him of it, which is why it is constant and the trump propagandist propaganda. so the mag of

people live, oh, you know, but we, we need to go back to the beginning, the garbage show of his problems. 1989 and richard for acquiescing to the, you know, utilization of germany, that nato wouldn't move, inch to the east. we know all of that, and then for the next 25 years, nato has been moved in and is doubled in size. and we've even tried to put former republics of the old soviet union into nato and asked what ukraine was about georgia and so forth. none of that is necessary. there is no evidence whatsoever that report is trying to read constitute the also the union one you have in the ukraine is a civil war. over a territorial of numbers that has nothing to do with nato or western europe, or even pulling or the baltic states for that matter. so when you consider the fact that nato's countries all 31 of them have a g p, a 46 trillion,

and russia has a g, d, p, up to a trillion. and you understand that in the modern world, a military threat is grounded in industrial light, industrial throw waves and capacity is pretty obvious. there. there is no real sick of the nato countries and certainly not to the mainland of north america . for me, i ship, you know, david talking like that is like, i mean, what do you think about how talking causing his being treated? he's being called a traitor in your country for even uh, trying to say or trying to elicit any asset similar things as you just said, trying to make the points that you just might. oh, yes, well, i don't know really crazy times. richard nixon went to moscow and met with bracelet fmr as i remember right. he wasn't considered a traitor. he went to china and met with my house. she wasn't considered

a trader back in the day, even in the cold war. there was an idea that there was something like peaceful coexistence, and some were more hawkish about it, and others were more w. in here we have basically a totally different ideology. the liberals hate donald trump so much i have to use for him, but they hate him so much that they see cool as his enable or some kind of drop of danger. and when they think about the food they're seeing read, i think, in the guise of donald trump and so therefore, have totally irrational attitudes about russia, about proving about foreign policy, about the proxy war and the creed and, and uh, nato uh, in the whole, whole, rest of it, i don't think unfortunately, tropes going on line. they're sort that out because he's lazy,

he's or he's on and for these historically illiterate. he's lazy and he's going to be talked into all kinds of digressions and diversions when he shouldn't be saying the cold war ended 3 decades ago. nato is done. let's on wind it. and let's, uh, you know, begin to try to find some way to bring the world to a, uh, kind of peaceful status quote. well, tom says he's great and he'll bring about peace and didn't have all your accusations, david's argument. thank you. the thank you. thank you. and trump war on capitalism is out now that some of the show will be back with a brand new episode on side they can till then keep in touch by little i social media. it's all sense in your country and have to are channel going on the warranty the normal don't come to watch new adult episode. so going on to go into the

more than $100.00 palestinians killed in the rough up as a result of what the idea of cold cup us drive and to the rescuing a pair of israelis from hamas captivity focused on, well hold on to democratic principles. i'm old enough allowed. i'm lucky to spread books according to the countries can take a prime minister that comes as members of the p p. i positive protests the election results saying they were great matter to or have gather on 64000 votes and my nearest bible got on the 17000 votes. we will continue this protest and also going to quotes also in the program, a choice of.