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The Trump Economic Renaissance

The Charlie Kirk Show / Charlie Kirk
The Truth Network Radio
November 12, 2024 7:00 pm

The Trump Economic Renaissance

The Charlie Kirk Show / Charlie Kirk

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November 12, 2024 7:00 pm

Markets have surged since Donald Trump's election, and the momentum has continued for a full week. Are we on the verge of an across-the-board Trump boom to replace the Biden bust? Scott Bessent is a favorite to be Trump's Treasury Secretary and talks to Charlie about the ways the new admin can unleash American competition, improve the deficit, and secure long-term prosperity. Plus, Sen. Tommy Tuberville talks about why he's backing Rick Scott for Senate leader, and Charlie takes a minute to dump on CNN for its crashing ratings.

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Hey everybody, it's the end of the Charlie Kirk show.

Coach Tuberville joins the program and hopefully the next Treasury Secretary of the United States, Scott Besant, joins us as well. You can email me as always, freedom at charliekirk.com. Become a member today, members.charliekirk.com. That is members.charliekirk.com. And as always, you can get involved with Turning Point USA at tpusa.com.

That is tpusa.com. Start a high school or college chapter today at tpusa.com. Buckle up everybody, here we go. Charlie, what you've done is incredible here. Maybe Charlie Kirk is on the college campuses. I want you to know we are lucky to have Charlie Kirk. Charlie Kirk's running the White House folks. I want to thank Charlie, he's an incredible guy. His spirit, his love of this country, he's done an amazing job building one of the most powerful youth organizations ever created, Turning Point USA. We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country.

That's why we are here. Noble Gold Investments is the official gold sponsor of The Charlie Kirk Show, a company that specializes in gold IRAs and physical delivery of precious metals. Learn how you could protect your wealth with Noble Gold Investments at noblegoldinvestments.com. That is noblegoldinvestments.com. It's where I buy all of my gold.

Go to noblegoldinvestments.com. Welcome back. I'm Blake. Charlie just had to step aside for one second. In just a moment, we'll be talking to Scott Bessant. He might be our next Treasury Secretary. There's a lot of talk about that. I don't believe it's confirmed yet. As Charlie said yesterday, nothing is confirmed until Donald Trump logs into his truth account and truths it to the masses. So don't believe every rumor you hear. Don't believe every wild claim you see on Twitter. But we've had him on this program.

If he is the choice, I believe, we believe there's a lot to like about that. While we wait, we have some other very positive news. According to the Daily Mail, CNN, quote, will axe top stars in layoffs that will see hundreds fired as ratings continue to tank. Now, not everyone knows this, but my personal license plate here in the state of Arizona is CNN sucks.

I've had that since 2019. So nobody will be more excited than me for that to come to pass. And I don't think it's terribly surprising. CNN used to be the set like they had this position maybe 20 years ago as they were the centrist American media outlet. So if you weren't, you know, Republicans would watch Fox News. MSNBC wasn't super liberal yet.

But, you know, by the Obama years, they were going that way. And then CNN was left leaning a bit, but in the middle. But even more so than MSNBC, they really went Trump deranged. I used to work at Fox. We would have CNN on because we would have the other networks on. And they always had the most deranged, the most demented chyrons, those text displays at the bottom. It would just be like Trump refuses to admit lies and wild things like that. They went all in on being the resistance channel, the anti-Trump channel.

They weren't frenzied about it. And they've been that way for a decade. And what you have at this point, they're kind of totally reliant on Trump, yet also Trump is winning.

They have no distinct brand other than that. And you just see a lot of people stepping away from them and stepping away from the media generally. Another story that we commented on the other day that went viral, Chris Wallace, formerly of Fox, now it's CNN, he is reportedly stepping away to try to, at 77, start some sort of new independent media outlet. Everyone is stepping away from the legacy news media. They're creating substacks, they're creating podcasts, they're creating other independent media ventures. And increasingly, people don't need the media to be mediated through, media mediated, through the, like a handful of TV networks that have this huge power to censor and dictate what they see. We can see that with Tucker Carlson, of course.

He lost his show, stepped away, created his own thing. He's certainly as popular as ever. He's making as much money as ever, and remains to be seen, but he may be able to have just as much impact as ever. And that's going to be, I think, the biggest story of the 2024 election. And that's clearly what even the mainstream media is taking away from it. They're seeing it as this is the election where the alternative media stopped being alternative. That Joe Rogan, Charlie Kirk, Daily Wire, substack, these sorts of outlets are strong enough and can reach enough people to reshape the zeitgeist to shape who actually wins a presidential election.

You don't need to pander to a host who's on the evening news, who's on CNN, or even who's on Fox News in order to reach the audience you need to win a presidential election. And one of the few things they had holding in reserve was they could at least maybe limit the financial success of these a little bit because they haven't had the same access to mainstream advertising dollars. And what I think will be very interesting is if we can see the shift towards, you know, a capitulation on this front, if we see these advertising blockades and advertising boycotts go away.

If you start seeing Toyota or Ford or, you know, Budweiser, for that matter, start advertising on Joe Rogan, on the Daily Wire, on mainstream but alternative media outlets like this, it's all over for the legacy media. They lose their last asset. All right, the team is telling me to play 361. So let's play that right now. I think there are a lot of families out there who don't believe boys should play girls sports. They're not boys. I'm not going to listen to transphobia at this table. I am not going to call a trans girl a boy. Let's try to talk about this in a way that is respectful.

Okay, so let me rephrase this since I'm being targeted here. Regular people interpret it. That's not regular people. There's no consensus that these are actually boys. This whole thing about trans girls is a canard.

We're talking about a tiny, tiny sliver of the population. It's pretty funny stuff. It really captures several different things about why the media has gone into decline. First of all, it's this gigantic panel. You get these bigger and bigger panels on the major cable channels.

So if you want to have any sort of in-depth discussion on anything, you increasingly need to go to an alternative outlet. One of the things that stands out about Rogan. Rogan doesn't need an eight-person panel to talk about things. He'll have on RFK or he'll have on Donald Trump. He'll have on Donald Trump and talk to him for three hours. Who else is able to do that?

That's the strength of the new media. Welcome back, Charlie. Yeah, sorry. Had some technical snafu here. I think we have a really good, important guest here. Scott, sorry to keep you waiting. Technical challenges and stuff we had to handle here. Scott Besant, who I'm told very well might be the new Treasury Secretary, but we'll see about that.

Scott, welcome to the program. What are we seeing so far in the markets? It looks as if this major psychological boost since Donald Trump won the election a week ago. Is this foreshadowing an economic renaissance that is around the corner?

Charlie, yeah, I think good to see him. It was good to see out in Milwaukee that I think we've had a rally for most of the year because the markets were sensing that Donald Trump was going to win. And then last week, when he won, the market was up 4.7 percent, the S&P, for the week. The small cap index, Russell, the ETF had the biggest inflows in 17 years. The bank stocks are doing well. And, you know, it's a, I've called it, we have the potential for the golden age here, because if we unleash U.S. energy independence, energy dominance, I think we have the potential here to do a massive amount of deregulation, which really didn't get enough airplay.

This administrative state has been holding down U.S. business. And then I think, Charlie, what's fascinating and very hopeful for me is in Trump 1.0, everyone did well. Working people did well. The stock market did well. Big companies did well. Small companies did well. Under Harris Biden, it was a bifurcated economy, and only the rich and big did well. So, you know, we had this Mag 7, you know, the seven big tech stocks in the stock market, and then the top 10 or 20 percent of Americans have never done so well.

And the bottom 50 percent, they got killed economically, and they came out and revolted. And now I think we could see real wage gains. We can see the end of this affordability crisis. And I'm anticipating either this month or next month, just like we did in 2016 when Donald Trump won, I think we're going to see Main Street make a comeback, and I think we are going to see a big boost in small business competence.

I totally agree. And Scott, you know, we'll leave about a minute in this segment here, but what does Congress need to do to make sure that this Trump economic boom materializes? Yeah, we got to come out of the box, big ball, first hundred days, say that we're going to get the Tax Cuts and Jobs Act either extended or made permanent, and we got to start cutting deregulations in finance and energy and across all segments.

So, Charlie, big ball, unified government in the first hundred days. Today, I want to talk to you about a very important issue. If you've recently engaged any sort of restricted diet or have taken medications to lose weight for the summer, be careful. There's a big chance that you create a nutrient deficiency that not only can harm your overall health as it could jeopardize your weight loss goals. You know, 75 percent of Americans are deficient in magnesium. Magnesium is a crucial mineral that is involved in over 600 biological reactions and offers amazing benefits for sleep, stress management, hormone balance, all key supporters for keeping your weight on healthy levels.

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This approach will support you to achieve your goals and to maintain your weight while you secure your overall health. For an exclusive offer, go to byoptimizers.com slash Kirk, promo code Kirk10. That is Kirk10 to save an extra 10 percent.

And if you subscribe, not only will you get amazing discounts and free gifts, you'll make sure your monthly support is guaranteed by optimizers.com slash Kirk, promo code Kirk10. So Scott, a looming issue that I think we have to figure out we have to is our exploding national debt and our deficit. Unfortunately, DC tends not to care very much about the spending practices.

What can be done and should be done? How great of a threat is this to our our future economic prosperity? Look, Charlie, it's one of the reasons, you know, other than the inspiration of President Trump and my admiration for him, the other reason that I've become so involved here is that I think that this was for all the marbles of 2024 was our last chance to begin implementing growth positive policies, get the spending under control, or we were going to become a European style social democracy, where basically you just live to service the debt. There's no growth. We're seeing that in Europe right now.

But Charlie, I am quite optimistic on two fronts. One, that Donald Trump with the Musk Cost Cutting Commission, if you think about a very simple formula, G equal S minus T. So growth, I mean, government equals spending minus taxes. Everyone always solves the government problem by more taxes. And Donald Trump wants to change the spending problem. Because I tell you, this Biden administration, they have just spent, spent, spent. They have blown out the spending. And we better get it under control.

And more importantly, like in the UK, they call it value for money. I think the American people should not come to expect that the government's mediocre. I think the government can be at the forefront of things. So that expectation and then the thing that will solve the deficit problems, debt and deficit problems more than anything else is unshackling the US economy and changing the growth trajectory. If we can get real growth, low real inflationary growth, over 3%, that will stabilize the debt and we will begin paying it down in a few years.

Now, what was very, I was still kind of buzzing for a day or two afterwards. On Sunday, I had conversations with two of the greatest venture capitalist household names in America. And they are so constructive that the US could enter this new golden age, you know, powered by, they basically said, Scott, if Team Trump can get the economic framework and the regulatory framework right, that the technological innovation that we are about to see accelerate through AI and other industries could lead to a new golden age in the US. And they said, look, you and Larry Kudlow are the highest that we could have 3% growth. We think it could be 5% growth.

That is extraordinary. And in some ways, Scott, that unintentionally addresses the debt issue, right? I mean, meaning if you are outpacing the rate of which you are borrowing and inflation, it calms things down a little bit, right? So if you have really high growth, not to make an excuse for inflation, but if you have a 2.5% inflation rate and a 5% growth rate, that can buy you a lot of economic leeway. Is that correct?

Yeah, that's 100%. You know, the Biden administration did the opposite. They had 2% growth and then 9% inflation.

So that gives you a lot of runway. And so we stabilize the debt. We grow our way out of this because, you know, I will tell you, my biggest worry last week, I had been predicting that we'd have this big Trump stock market rally, but I was worried that the long end of the bond market, which is where everything is financed from factories to housing, would blow out. And it went up a lot on Wednesday. And by the end of the week, because of the talk of cost cutting and fiscal prudence, the 10-year bond rate was lower on Friday than where it was on Monday. And it's even lower today.

So that tells me the bond market is sniffing out the idea that we can have low inflationary growth and get ourselves out of this mess. That's not going to be easy. But you know, I am very optimistic after what happened on Tuesday night. Scott, I'm going to be advocating in any way I possibly can. I don't know what the plans are over at Mar-a-Lago, but I think you'd be a great Treasury Secretary. So keep up the great work and thank you for your contribution to this nation. And Charlie, thanks for all you and your team did during the election. As President Trump in the center, and then groups of patriots around him like you getting the jobs done, it calls a red wave. It means a lot. Thank you, Scott.

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Go to mypatriotsupply.com. We now have joining us Coach Tommy Tuberville, United States Senator from the great state of Alabama. Coach, welcome to the program. All eyes have been on the Senate this weekend, Coach. As you probably know, there's a lot happening there. You have a new op-ed, America Needs an America First Republican Majority Leader. Coach, walk us through it. Well, first of all, Charlie, thank you for having me on and also what you did for President Trump in our country during the election. Your forums that you did on campuses, I watched most of them, were absolutely amazing.

And you turned a lot of people's heads, so thank you for what you did there. It is, you know, President Trump, he had a mandate from this country to turn this place around. I mean, Charlie, you know as well as anybody, we're looking down the barrel of a gun here, four more years of this nonsense. We're going to have huge problems. We already have problems. And we got to dig out of this hole that the Democrats have gotten us in. But we can't do it with people that are half on the boat and half not on the boat. And so we're pushing hard to get the right person in place here in the Senate that's going to lead our Senate, that's going to get us going in the right direction, that can communicate with President Trump.

Now, I will say this. We have a new demographic in our conference now. If you go back and look at the election, President Trump got three-fourths of the Native American vote.

He got 55 percent of the males, 45 percent of females, almost 60 percent of the Asians, 45 percent of the Hispanics. We have so many more new people that voted for President Trump and our party that we got to make sure that they'd stay and stay on board with us, not just for a month, but for years and years to come. So we've got to have somebody in Senate leadership that understands all that, that can get us all on the same wavelength to help President Trump save this country.

Yeah, so let's just ask the question here. What is the hang up, Coach? Why is it that your colleagues are ignoring the mandate of the voters?

Look, you got to get along with all 53 of your friends. But why is it that there seems to be this obstinance, this reluctance to listen to the mandate that the voters just loudly sent to all of you? Well, one of the things I'll tell you is tradition, tradition of possibly somebody that's been second in charge, that takes the job when somebody steps down. I was a football coach for a long time.

When I went into a new job, I didn't keep anybody because I wanted people around me that's going to be on the same team as me. President Trump just took a new job. He had it for four years and was off for four years and now he's taking it again. He needs people on his side. Up here, and again, I don't know who's going to win this vote.

It's going to be about this time tomorrow, but it's going to be close. And I put my voice in for Rick Scott. He runs hand in hand with President Trump. He's a good communicator, but the big thing is he's not a career politician. He's been in politics for a little while because of being governor in Florida. He was a businessman. He understands the business world and that's what our country is. It is a business. We don't need to treat it like a political adversary.

So it's tough to break old habits. We're all friends up here. 53 of us. We worked together. We laughed together.

We've cried together for the last four years and it's hard to overcome sometimes friendship, but friendship can't be in play here. This has got to be the best person that can get our team together to play the best during the week against the Democrats because they're going to come on strong. They're not going to give up. It is going to be very hard, but also work hand in hand with President Trump and somebody that has supported him from day one. Yeah. So why is the vote secret, Senator?

Coach, what is this all about? Well, that comes from leadership. Whoever, and I've talked to all three of them, whoever is leader this time, the next time we have a vote is not going to be secret ballot. People need to know where their senators stand.

There's no doubt about that. And I think it's easier probably to vote for somebody when it's a secret ballot and try to hide it. I don't think there's going to be any hiding this time, even though it is a secret ballot.

I think people are going to have to come out and say who they voted for and why, because the American people, again, a mandate last week was that, hey, we have got to turn our country around and we don't need any of the same rhetoric, not just from the White House, but also from Congress and the Senate. We can't do that. And so I totally agree with you. It shouldn't be that situation. But again, this comes from the leadership room and it's been done that way for the last few times. Hopefully, we'll get that changed, but you'll know who people vote for.

I really hope so. I mean, just when you guys were selecting team captains at your championship football programs, did you guys do secret ballot? No, no, we wanted everybody to know who, you know, to man up, you know, to vote their opinion, to vote their voice. Up here, you know, every vote we have on the floor, everybody knows how you vote for any kind of bill or any kind of confirmation should be the same thing when we vote for leaders in our conference.

It's just, it is breathtaking to me. And so let's walk through then what does this look like tomorrow? President Trump is coming to town tomorrow. It's also your Senate election, right?

So will that have it? And President Trump is being very smart. He's staying out, but he's demanding his terms on recess appointments, because he's got to work with whoever gets it, right? He has to. He can't alienate and the Senate is a difficult thicket to get through. But will his presence in DC tomorrow potentially change the outcome? I think the president's more of J.D.

Vance will have that. President Trump's kind of hands off, and he probably should be. People ask me, why did President Trump step in on this? Well, you know, we're a different entity. And we need people to understand, you know, President Trump, you know, was blamed.

Now we'll go back to this. He was blamed for the border bill that did not pass when the Democrats put it on the floor about a year ago. President Trump never called me, never called anybody, never said anything about the bill.

But of course, the Democrats gonna blame anybody they possibly can when something doesn't work. I think J.D. Vance, obviously, is gonna be the president of the Senate. He's gonna have a huge hand in the leadership of what we do with the leader along to President Trump.

So I feel a lot better. You know, J.D. will be here. He will vote on this, on the leader, because he's still a senator until January the 20th of next year. And so he'll have some observations. And I hope he gets up tonight now. Now we have a meeting tonight at six o'clock with all three of the candidates along with every senator.

And I would hope J.D. would get up and give his opinion about what we're looking for, how he thinks we need to go because he's been a great, great spokesman for the Senate, even though he's never wasn't a senator, but for two years, he had a great influence on all of us. So coach, let's talk about, then recess appointments and getting this done.

What can we do to make sure that President Trump does not have a repeat of his first administration where it took two to three years to get his cabinet filled? Yeah, we got to work longer. We can't go home every weekend. We've got to work more than three days a week. And we have got to spend time.

You know, this has got to be a job where most people come on Mondays and go home on Thursdays. We're not gonna have that luxury. President Trump's going to have about two years, really get things going the way he needs to get going. Again, this is our last chance. And if we blow this chance, I don't see the American people coming back and voting for somebody that blew that chance. And so it's, you know, the recess appointments, there's a lot to that. As I had being a coach, Charlie, I had to be brought to speed on this. Recess appointment is going to be hard to do.

And I'll tell you why. You have to be in recess more than 10 days before you can do that. Hope to God we're not in a recess more than 10 days up here for the next four years, because if we are, we're not doing our job. So I think now that we've got 53 votes, it only takes 51 votes to confirm, I think we can knock them out. We just have to work. We have to put the time in.

It's just that simple. I know President Trump is going to work 18, 20 hours a day. He doesn't sleep. He used to call me in the morning, two or three in the morning. Coach, what are you doing?

I said, well, I'm sleeping. And he'd still be up working. And so we're going to get every ounce of work we possibly can get out of President Trump. We need to do the same thing in the Senate and the House. And the issue at hand for a lot of our audience is we can't allow this historic mandate to just to fall. I mean, to use an analogy you'll love, be fumbled on the one yard line.

I mean, the American people. Did you guys ever have that, by the way, in practice or a game where someone had a clear shot touchdown and they dropped the ball before they went in the end zone? It happens more often. Did you ever see that happen as a coach? I'm sure you're familiar with the play. You're talking about intentionally dropping it and celebrating before they went in.

Yes, exactly. I'd have probably got fired that night if one of my players had done that without protecting the ball so they're clearly through the end zone. But I've seen it. And these kids are, again, you're talking about 18, 19, 20-year-old kids that do some crazy things sometimes.

Never happened to me, but I have seen it quite often. Coach, thank you for your time. We appreciate your patriotism and commitment to this nation. And I just want to say good luck tomorrow.

And I have a feeling that if Mr. Foon doesn't get the necessary majority, there might be a deal to get cut between Mr. Scott and some of the other stragglers. So get creative. Thank you, coach. Thank you. Thank you for what you do, Charlie. God bless you. Thank you. Hey, everybody. Charlie Kirk here. The story of MyPillow is a testament of faith and transformation.

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Order today. Hundreds fired as ratings continue to tank, Daily Mail says. The question is, will Dylan Mulvaney be fired? That is an open question.

It's gonna be a toughie. Anderson Cooper Bowie, that's why Chris Wallace left. Chris Wallace didn't leave to go start a streaming service. Chris Wallace got a call saying, you're fired. And now he's gonna go do a—what is he gonna go start, Netflix?

Chris Wallace, Netflix? That's gonna work great. But let me tell you what the opposite is happening here on The Charlie Kirk Show and Real America's Voice. We are hiring. We're doing better than ever. Praise God.

And I hope that continues. CNN, no one wants to watch that. Look at this. This is one of the most extraordinary pieces of tape. You want to know why CNN is collapsing? Here is Sher-Michael Singleton, great man, great American patriot, and some rabbi, just an extraordinary, extraordinary piece of tape. This is the thought police, speech police embodied. They're a bunch of scolds. This is CNN in its best place. CNN in its best place.

Play cut 362. My point in terms of its effectiveness, regular people with children look at these things and they say, you know what, this is a bit too far. I do not agree with this.

I don't like this. I think Democrats are going way too much to the left on social issues. They're uncomfortable with it. A lot of people believe that. A lot of families believe that. You may disagree with that reality, but that's why Republicans kept running those ads over and over and over again because they saw the metrics suggested that they were working. And they were working in those ads over and over again and using rhetoric like you just used, saying this is boys playing girls sports. First of all, we're talking about five people in the entire country. We're talking about trans girls playing, playing, being allowed to play with the people who are in their gender. And if you don't believe, you don't have to listen to me.

Listen to the American Medical Association, the American Psychological Association. That is why CNN is collapsing. And who is that guy, by the way?

This lunatic is a typical CNN guest, where he's not even allowed to make a point. Yes, let's be very clear. It is men and female sports, okay? There is no such thing as a trans man or trans woman. It doesn't exist, okay? You are as you are born, period.

What is on your birth certificate? It doesn't matter how many drugs you have, doesn't matter what you think you are. If you play dress up, you put on a bunch of makeup, camouflage, it doesn't make you that.

Play cut 361. I think there are a lot of families out there who don't believe boys should play girls sports. They're not boys. I'm not going to listen to transphobia at this table. I am not going to call a trans girl a boy.

When you use a word that's a slur, you're going to interrupt. That's not how it is. They're not boys. They're not boys. They're not playing girls softball.

I'm not going to sit there and listen to it. Let's try to talk about this in a way that is respectful. Okay, so let me rephrase this since I'm being targeted here. Regular people interpret it. That's not regular people. That's not regular people. There's no consensus that these are actually boys. This whole thing about trans girls is a canard. We're talking about a tiny, tiny sliver of the population.

That may be the case, but my point in terms of health care for thousands of people. It's not happening and it's good that it is the Michael Anton celebration parallax. It's not happening that boys are in girls sports, but it's good that it is actually. Left-wing streamers are experiencing an algorithmic de-subscription spiral and I'm here for it.

Meanwhile, we are surging. Become a member members.charliekirk.com We're adding new members every day. Thanks so much for listening everybody. Email us as always freedom at charliekirk.com. Thanks so much for listening and God bless. For more on many of these stories and news you can trust, go to charliekirk.com
Whisper: medium.en / 2024-11-12 20:25:09 / 2024-11-12 20:38:41 / 14

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