Feb. 10, 2026
The Bill Martinez Show 02 10 26
The Bill Martinez Show 02 10 26
Transcript
WEBVTT
1
00:00:00.920 --> 00:00:01.600
Are you ready?
2
00:00:01.840 --> 00:00:03.279
Yeah, Okay, let's do it.
3
00:00:03.359 --> 00:00:07.839
Ill Martinez Live a program about current events, our culture,
4
00:00:08.199 --> 00:00:11.160
our values, our politics, and our future.
5
00:00:11.480 --> 00:00:13.880
And now Bill Martinez.
6
00:00:15.439 --> 00:00:17.359
Well, good morning America. Good to have you with us.
7
00:00:17.359 --> 00:00:20.440
Bill Martinez here along with doctor Michael Butler, is just
8
00:00:20.480 --> 00:00:23.760
about six minutes after the top of the hour. Michael,
9
00:00:23.760 --> 00:00:24.199
how are you.
10
00:00:24.480 --> 00:00:26.679
I'm going very well, Bill, Thanks for having me. It's
11
00:00:26.679 --> 00:00:28.079
always my pleasure to be here.
12
00:00:28.359 --> 00:00:32.520
Well, we appreciate the time. Doctor Butler's public policy analyst,
13
00:00:32.759 --> 00:00:36.359
economics expert, and a professor of finance at Stockton University
14
00:00:36.679 --> 00:00:40.719
in New Jersey. Well, let's review a little over a year,
15
00:00:40.799 --> 00:00:45.079
the first year of the Donald Trump administration. And I'll
16
00:00:45.119 --> 00:00:47.320
tell you it's enough that his hair is on fire,
17
00:00:47.359 --> 00:00:50.000
but he's lighting the hair on fire of all the
18
00:00:50.039 --> 00:00:53.799
Democrats that are just overwhelmed by all the victories that
19
00:00:53.840 --> 00:00:57.119
Donald Trump keeps doing in spite of all their resistance.
20
00:00:57.200 --> 00:01:01.200
Right yeah, I mean, if you looking at it from
21
00:01:01.840 --> 00:01:05.640
an economic standpoint, I mean, things really couldn't have gone
22
00:01:05.719 --> 00:01:08.879
any better. He put in the tariffs, and everybody got
23
00:01:09.200 --> 00:01:12.719
very nervous about what the inflationary impact with that of
24
00:01:12.799 --> 00:01:15.879
that would be. Many economists were fearful that it would
25
00:01:15.959 --> 00:01:22.879
drive inflation up and it could probably push the economy
26
00:01:22.879 --> 00:01:28.400
into recession. Well, exactly the opposite has happened the economy,
27
00:01:28.599 --> 00:01:31.200
which was kind of stuck in a two percent growth
28
00:01:31.400 --> 00:01:35.239
rate really for the last decade, except for twenty twenty
29
00:01:35.239 --> 00:01:38.680
one when we rebounded from the pandemic and shot up
30
00:01:38.680 --> 00:01:41.959
a little more. But under normal conditions, we've had pretty
31
00:01:42.000 --> 00:01:44.879
slow growth for really a decade or more.
32
00:01:46.200 --> 00:01:48.200
Yeah, but was it, Michael, Let me ask you this,
33
00:01:48.280 --> 00:01:52.480
because it seems that democratic policies had kind of put
34
00:01:52.519 --> 00:01:56.760
a metaphorical governor on our economy. I mean, to the
35
00:01:56.799 --> 00:01:59.879
point that even Barack Obama said, you know, he thought that,
36
00:02:01.040 --> 00:02:03.920
you know, was that Donald Trump was illucinating to think
37
00:02:03.959 --> 00:02:06.239
that he could do three, four or five percent because
38
00:02:06.280 --> 00:02:08.000
he said the best, he said, you'd be lucky to
39
00:02:08.000 --> 00:02:11.080
do two percent. Right, So that really tells that's a
40
00:02:11.159 --> 00:02:14.520
tell for me to say that the system had been
41
00:02:14.599 --> 00:02:19.199
set up in such a way to limit the natural
42
00:02:19.280 --> 00:02:21.639
growth of our economy.
43
00:02:21.639 --> 00:02:25.479
Using the democratic policy. So President Trump came in and
44
00:02:25.599 --> 00:02:28.639
changed that. So the first quarter of this year we
45
00:02:28.680 --> 00:02:33.000
had negative growth left over from the buying policies. But
46
00:02:33.039 --> 00:02:36.479
then when Trump put his policies. In the second quarter
47
00:02:36.560 --> 00:02:40.159
grew at three point eight percent. The third quarter grew
48
00:02:40.199 --> 00:02:43.719
at four point three percent. The fourth quarter data we
49
00:02:43.759 --> 00:02:46.319
don't have yet because the government shut down. It'll be
50
00:02:46.439 --> 00:02:50.280
over four point three percent. And my forecast for twenty
51
00:02:50.400 --> 00:02:55.039
twenty six is GDP growth in excess of five percent
52
00:02:55.120 --> 00:02:59.400
for the year. I also see the inflation rate coming down.
53
00:02:59.719 --> 00:03:02.240
It was two point nine when Trump entered office. It's
54
00:03:02.280 --> 00:03:05.120
two point seven now. I think it'll be down to
55
00:03:05.199 --> 00:03:08.439
two percent by the end of December, which is the
56
00:03:08.479 --> 00:03:14.719
target that the Federal Reserve sets. One of the reasons,
57
00:03:14.840 --> 00:03:18.639
or maybe the big reason for this is tax policy.
58
00:03:18.879 --> 00:03:23.039
You know, Trump extended the twenty eighteen tax cuts, added
59
00:03:23.080 --> 00:03:26.039
a few more things to it. No tax on tips,
60
00:03:26.039 --> 00:03:29.479
no tax on overtimes until security tax. So that'll help
61
00:03:29.520 --> 00:03:33.000
stimulate the economy. Now, normally, when you do that in
62
00:03:33.039 --> 00:03:35.680
this environment, you say, well, if you stimulate the economy
63
00:03:35.680 --> 00:03:38.560
you have inflation, you're going to make inflation worse. And
64
00:03:38.639 --> 00:03:41.759
why isn't that going to happen this time? Because the
65
00:03:41.800 --> 00:03:46.960
tax policy Trump has put in is a supply side policy,
66
00:03:47.360 --> 00:03:52.840
where it encourages business to increase output. When you increase output,
67
00:03:53.280 --> 00:03:57.960
you put downward pressure on price, and the economy is growing.
68
00:03:58.319 --> 00:04:00.680
How is he going to do that or how did
69
00:04:00.719 --> 00:04:05.800
he do that? So when business makes an investment, the
70
00:04:05.879 --> 00:04:09.080
IRS says you can recover your capital in some number
71
00:04:09.080 --> 00:04:13.400
of years. Machinery typically eight to ten years, factories twenty
72
00:04:13.439 --> 00:04:16.120
five years. So you only get a portion of your
73
00:04:16.160 --> 00:04:20.240
capital back every year for as long as the IRSAs now.
74
00:04:20.519 --> 00:04:24.040
This year, if you make an investment, you can expense
75
00:04:24.120 --> 00:04:27.560
the whole investment this year, so you can recover all
76
00:04:27.639 --> 00:04:31.279
of your capital this year. I think that's going to
77
00:04:31.519 --> 00:04:36.199
set off a tremendous investment boom. You'll see companies building factories.
78
00:04:36.199 --> 00:04:41.879
It's already started, companies building factories, expanding, adding more machinery
79
00:04:41.959 --> 00:04:47.079
and capacity. That increase in supply will put downward pressure
80
00:04:47.079 --> 00:04:50.680
on price and allow our economy to grow. I'm extremely
81
00:04:50.759 --> 00:04:53.920
optimistic about the economy going forward this year.
82
00:04:54.199 --> 00:04:57.560
And I'm keeping my eyes open, doctor Butler on the Democrats,
83
00:04:57.600 --> 00:05:00.319
because they're you know, they're getting frustrated because they see
84
00:05:00.360 --> 00:05:03.519
all this money and growth in the economy doing so well,
85
00:05:03.920 --> 00:05:07.519
and the Democrats thinking the way they think. They say, hey,
86
00:05:07.519 --> 00:05:11.120
that doesn't belong to you, and they want they want
87
00:05:11.120 --> 00:05:13.199
their viig out of that growth, don't they.
88
00:05:13.839 --> 00:05:20.360
They do, But this is Trump and his policies are
89
00:05:20.399 --> 00:05:24.079
geared up for individuals to have the freedom to do
90
00:05:24.160 --> 00:05:26.319
what they want. Business has the freedom to do what
91
00:05:26.360 --> 00:05:31.920
they want, and then for individuals to have responsibility for
92
00:05:32.000 --> 00:05:37.680
themselves rather than social responsibility and limited freedom that we
93
00:05:37.800 --> 00:05:42.160
had in the last term. Once we do that, once
94
00:05:42.199 --> 00:05:44.399
we allow people to say, hey, go for whatever you
95
00:05:44.480 --> 00:05:47.800
want to go for. As Ronald reaganback said back in
96
00:05:47.839 --> 00:05:50.639
eighty four, you know, he passed his tax cuts and
97
00:05:50.680 --> 00:05:53.360
people saying, well, should we try something or not? And
98
00:05:53.399 --> 00:05:54.839
his famous words were.
99
00:05:55.120 --> 00:05:55.759
Go for it.
100
00:05:56.199 --> 00:05:57.439
Yeah, exactly.
101
00:05:57.560 --> 00:06:01.160
In eighty four, the GDP grew it seven point four
102
00:06:01.560 --> 00:06:04.839
percent after the eighty two tax cuts. I don't think
103
00:06:04.920 --> 00:06:07.680
will be that good, although we may, but I think
104
00:06:07.720 --> 00:06:10.800
we'll at least hit the five percent. As long as
105
00:06:10.839 --> 00:06:13.639
the Democrats don't get in the way of this, this
106
00:06:13.680 --> 00:06:14.439
should come about.
107
00:06:15.120 --> 00:06:17.920
Yeah, they can't. They can't help themselves. Michael, So, I
108
00:06:17.959 --> 00:06:20.199
think business. I think the American people need to be
109
00:06:20.199 --> 00:06:24.360
aware of their interference because they like the system the
110
00:06:24.399 --> 00:06:27.519
way it is now, because they've got it rigged. They
111
00:06:27.560 --> 00:06:31.439
know the rules of the game, and they get their money.
112
00:06:31.519 --> 00:06:33.879
Like I said, they're getting their viig off all this
113
00:06:34.399 --> 00:06:38.399
taxpayer money. And now what Trump is doing, he's revolutionizing
114
00:06:38.439 --> 00:06:41.839
the whole system, and it's it's in the process of
115
00:06:41.959 --> 00:06:46.519
redefining itself, which will really create this golden age of
116
00:06:46.560 --> 00:06:49.879
America that everybody could benefit on. And I think they
117
00:06:49.959 --> 00:06:53.360
need to really hold this in their precious hands in
118
00:06:53.399 --> 00:06:56.279
such a way that they don't allow the Democrats to
119
00:06:56.279 --> 00:06:59.319
come in and take over and put a stick in
120
00:06:59.360 --> 00:07:03.000
the spokes of this very progressive and I mean it
121
00:07:03.040 --> 00:07:05.639
in a positive way, progressive economy here.
122
00:07:06.240 --> 00:07:08.959
Yeah, So what the Democrats are going to say, especially
123
00:07:08.959 --> 00:07:13.040
we're coming up to the midterms, is, look, the economy
124
00:07:13.079 --> 00:07:16.040
is doing well, but these wealthy people are getting wealthier,
125
00:07:16.319 --> 00:07:20.319
and they're not paying enough of their income in taxes,
126
00:07:20.759 --> 00:07:24.079
and it's creating a lot of income inequality. So they're
127
00:07:24.120 --> 00:07:28.399
going to start pushing more social programs for the lower income.
128
00:07:29.040 --> 00:07:31.639
And how do you pay for that have to raise
129
00:07:31.720 --> 00:07:37.160
taxes on the highest income earners. That's actually very counterproductive
130
00:07:37.480 --> 00:07:41.000
because when you raise taxes on the wealthy, you destroy
131
00:07:41.120 --> 00:07:43.759
capital formation. In other words, you take away some of
132
00:07:43.800 --> 00:07:47.399
the investment capital that they would have spent because now
133
00:07:47.439 --> 00:07:49.759
they have to pay taxes they would have spent and
134
00:07:49.800 --> 00:07:52.959
that will cause the economy to grow. So by overtaxing
135
00:07:53.720 --> 00:08:00.439
the wealthy, you're really slowing economic activity down. But that's
136
00:08:00.480 --> 00:08:03.800
really the only thing they have to complain about because
137
00:08:03.839 --> 00:08:06.959
everything will look good, just like in twenty twenty, everything
138
00:08:07.040 --> 00:08:10.079
looked great. Now this pandemic came about and ruined everything.
139
00:08:10.120 --> 00:08:12.800
But from an economic standpoint, they wouldn't have been able
140
00:08:12.800 --> 00:08:15.120
to beat Trump. He was doing so well. He's doing
141
00:08:15.120 --> 00:08:16.160
even better.
142
00:08:16.439 --> 00:08:19.319
Well, and that's why they had to cheat, you know,
143
00:08:19.360 --> 00:08:22.920
to win the election. In my humble opinion, but look
144
00:08:22.920 --> 00:08:25.439
at what you just shared with us. Is not theoretical.
145
00:08:25.480 --> 00:08:29.959
This is empirical, right, I mean, historically, this is what happens.
146
00:08:30.240 --> 00:08:33.240
And I'm telling America you need to wake up and
147
00:08:34.200 --> 00:08:39.960
increase your economic IQ here so you understand what Donald
148
00:08:40.000 --> 00:08:43.360
Trump is giving you, what the Republican Party could potition you,
149
00:08:43.440 --> 00:08:46.120
because I think even the Republican Party needs to understand
150
00:08:46.200 --> 00:08:49.960
this as well, because they're fighting Trump in certain places. Right.
151
00:08:50.559 --> 00:08:54.519
Yeah, Fortunately he was able to get the big bill
152
00:08:54.639 --> 00:08:58.120
passed in July, just barely, but he had to do
153
00:08:58.159 --> 00:08:59.840
a lot of arm twisting and your right through a
154
00:08:59.840 --> 00:09:02.759
lot a lot of people. Then a Republican party that says, hey,
155
00:09:02.759 --> 00:09:05.440
you're keeping taxes low for the wealthy. I don't know
156
00:09:05.480 --> 00:09:08.320
how this is going to play out. And he convinced
157
00:09:08.360 --> 00:09:12.200
them that not only we'll play out well for everybody,
158
00:09:13.039 --> 00:09:17.200
but it will help the economy grow and will finally
159
00:09:17.440 --> 00:09:19.000
be able to hit higher growth numbers.
160
00:09:19.039 --> 00:09:20.720
Now when we have high growth, Jo Webb.
161
00:09:20.720 --> 00:09:21.879
Before we get there, we got to go to a
162
00:09:21.919 --> 00:09:24.399
quick break. We've got more from doctor Michael Butler. Stay
163
00:09:24.440 --> 00:09:25.200
with us.
164
00:09:28.320 --> 00:09:31.039
You still got it, but your immune system weakens as
165
00:09:31.080 --> 00:09:34.159
you age, making it harder to fight flu newmacacoal pneumonia,
166
00:09:34.360 --> 00:09:37.639
RSV and COVID nineteen. Ask your doctor, a pharmacist, which
167
00:09:37.720 --> 00:09:39.919
vaccines you need? Sponsored by Pfizer.
168
00:09:40.360 --> 00:09:42.600
This is Carrie Cooper. The Foo Fighters have gone on
169
00:09:42.639 --> 00:09:45.000
to become one of modern rock's most successful bands and
170
00:09:45.080 --> 00:09:48.080
ever Long is lyrically and sonically perfectly formed and depicts
171
00:09:48.080 --> 00:09:50.360
that kind of insatiable love that everyone hopes to find
172
00:09:50.399 --> 00:09:53.039
one day. But why is it resonated with so many more?
173
00:09:53.279 --> 00:09:54.919
Focus on rock dot com.
174
00:09:55.240 --> 00:09:57.559
What's the best way to get rid of a timeshare
175
00:09:57.600 --> 00:10:01.639
that you don't want? Called the time sh Share Exit Hotline.
176
00:10:01.720 --> 00:10:05.000
We're a group of attorneys that help customers legally exit
177
00:10:05.120 --> 00:10:09.480
their time shares. It's an easy process. We guarantee results.
178
00:10:09.720 --> 00:10:13.120
You pay nothing. Exit your time share today.
179
00:10:13.279 --> 00:10:17.159
Call now eight hundred four oh three eight five three nine.
180
00:10:17.480 --> 00:10:21.279
Eight hundred four oh three eight five three nine. That's
181
00:10:21.360 --> 00:10:24.879
eight hundred four oh three eighty five thirty nine.
182
00:10:25.279 --> 00:10:26.639
Have you written a book where?
183
00:10:26.639 --> 00:10:28.720
Do you have a manuscript ready and just need to
184
00:10:28.759 --> 00:10:32.480
find the right publisher. Christian Faith Publishing supports authors like
185
00:10:32.519 --> 00:10:35.200
yourself to bring their books to life, and right now
186
00:10:35.200 --> 00:10:37.919
we're offering you a free writer's guide designed to steer
187
00:10:37.960 --> 00:10:42.559
you towards book completion. Christian Faith Publishing evaluates each manuscript
188
00:10:42.559 --> 00:10:45.399
we receive. If your book earns approval, we take care
189
00:10:45.440 --> 00:10:50.080
of everything editing, designing, printing, promotion, and widespread online and
190
00:10:50.159 --> 00:10:53.440
in store distribution. Picture your book, greasing the shelves of
191
00:10:53.519 --> 00:10:57.519
specialty Christian bookstores, Amazon, Barnes and Noble, and numerous other
192
00:10:57.600 --> 00:11:01.200
retail destinations. It's time to get that manuscript published and
193
00:11:01.279 --> 00:11:03.720
to work with a publisher who shares your values of
194
00:11:03.759 --> 00:11:05.200
integrity and honesty.
195
00:11:05.440 --> 00:11:06.879
You can get your book.
196
00:11:06.600 --> 00:11:10.559
Published, get your manuscript reviewed, and a free writer's guide today.
197
00:11:10.799 --> 00:11:13.759
Eight hundred four to three nine one five eight eight,
198
00:11:14.039 --> 00:11:17.360
eight hundred four to three nine one five eight eight,
199
00:11:17.559 --> 00:11:20.840
eight hundred four to three nine one five eight eight.
200
00:11:21.120 --> 00:11:24.440
That's eight hundred four to three nine fifteen eighty eight.
201
00:11:24.759 --> 00:11:27.519
If you're sixty five are older and Medicare is your
202
00:11:27.559 --> 00:11:30.679
main source of insurance, pay close attention right now and
203
00:11:30.720 --> 00:11:33.720
listen for details on how you may save thousands of
204
00:11:33.759 --> 00:11:36.679
dollars on your healthcare costs. Did you know that Medicare
205
00:11:36.720 --> 00:11:39.919
can pay for things like gentle visits, home delivery of drugs,
206
00:11:40.039 --> 00:11:42.639
even a gym membership. Call us right now and learn
207
00:11:42.639 --> 00:11:46.360
how to unlock all your Medicare benefits. Medicare and supplemental
208
00:11:46.440 --> 00:11:49.480
plans that we provide can even offer you drug coverage
209
00:11:49.519 --> 00:11:53.279
with zero copeys and pay for transportation to your doctors.
210
00:11:53.440 --> 00:11:57.120
Medicare plans can offer you wonderful money saving benefits, but
211
00:11:57.240 --> 00:11:59.639
you've got to call now. We'll help you get the
212
00:11:59.679 --> 00:12:02.559
most out of your Medicare. Make this free, no obligation
213
00:12:02.679 --> 00:12:05.799
call down, save a ton of money on your healthcare costs,
214
00:12:05.840 --> 00:12:08.919
and get the code to unlock all your earned Medicare
215
00:12:08.960 --> 00:12:12.879
benefits paid for by Senior Choice Plans eight hundred seven
216
00:12:12.960 --> 00:12:17.120
ninety six three nine five four, eight hundred seven ninety
217
00:12:17.120 --> 00:12:20.919
six three nine five four. That's eight hundred seven nine
218
00:12:21.080 --> 00:12:22.919
six thirty nine fifty four.
219
00:12:23.320 --> 00:12:25.759
This is Don Shank with today's global update from the
220
00:12:25.759 --> 00:12:28.679
Tide Ministry, sharing the Gospel of Jesus Christ worldwide and
221
00:12:28.720 --> 00:12:32.200
the languages people were born to speak. As Valentine's Day approaches,
222
00:12:32.320 --> 00:12:35.000
the Tide Ministry spotlights the true essence of love, the
223
00:12:35.120 --> 00:12:39.360
unconditional sacrificial love of Jesus Christ way beyond flowers and chocolates,
224
00:12:39.480 --> 00:12:42.799
Reaching people on three continents in over thirty five heart languages.
225
00:12:42.960 --> 00:12:46.639
The Tide Gospel programs are transforming lives in perilous nations
226
00:12:46.720 --> 00:12:51.200
where faith risks, danger, discrimination and violence. Profound listener testimonies
227
00:12:51.240 --> 00:12:55.159
include an Afghan family embracing God's love, a Putani's student
228
00:12:55.200 --> 00:12:58.720
discovering Christ via are radio programs, an Indian gaining peace
229
00:12:58.759 --> 00:13:01.799
and joy, and in Albania, youth healing from childhood trauma
230
00:13:01.840 --> 00:13:05.320
through TV broadcasts. These stories affirm the Tides mission to
231
00:13:05.360 --> 00:13:08.919
provide eternal hope, driving the Ministry to expand outreach and
232
00:13:09.039 --> 00:13:12.039
nurture global spiritual growth. To learn how you can pray
233
00:13:12.080 --> 00:13:14.360
for and encourage people around the world whose lives have
234
00:13:14.399 --> 00:13:17.000
been eternally impacted by hearing the goodness of Christ in
235
00:13:17.039 --> 00:13:17.960
their own language.
236
00:13:18.120 --> 00:13:19.600
Visitthtide dot org.
237
00:13:19.879 --> 00:13:22.000
That's Thetide dot Org.
238
00:13:22.600 --> 00:13:25.840
People are always searching for ways to relax and feel calm.
1
00:00:00.920 --> 00:00:01.600
2
00:00:01.840 --> 00:00:03.279
3
00:00:03.359 --> 00:00:07.839
4
00:00:08.199 --> 00:00:11.160
5
00:00:11.480 --> 00:00:13.880
6
00:00:15.439 --> 00:00:17.359
7
00:00:17.359 --> 00:00:20.440
8
00:00:20.480 --> 00:00:23.760
9
00:00:23.760 --> 00:00:24.199
10
00:00:24.480 --> 00:00:26.679
11
00:00:26.679 --> 00:00:28.079
12
00:00:28.359 --> 00:00:32.520
13
00:00:32.759 --> 00:00:36.359
14
00:00:36.679 --> 00:00:40.719
15
00:00:40.799 --> 00:00:45.079
16
00:00:45.119 --> 00:00:47.320
17
00:00:47.359 --> 00:00:50.000
18
00:00:50.039 --> 00:00:53.799
19
00:00:53.840 --> 00:00:57.119
20
00:00:57.200 --> 00:01:01.200
21
00:01:01.840 --> 00:01:05.640
22
00:01:05.719 --> 00:01:08.879
23
00:01:09.200 --> 00:01:12.719
24
00:01:12.799 --> 00:01:15.879
25
00:01:15.959 --> 00:01:22.879
26
00:01:22.879 --> 00:01:28.400
27
00:01:28.599 --> 00:01:31.200
28
00:01:31.400 --> 00:01:35.239
29
00:01:35.239 --> 00:01:38.680
30
00:01:38.680 --> 00:01:41.959
31
00:01:42.000 --> 00:01:44.879
32
00:01:46.200 --> 00:01:48.200
33
00:01:48.280 --> 00:01:52.480
34
00:01:52.519 --> 00:01:56.760
35
00:01:56.799 --> 00:01:59.879
36
00:02:01.040 --> 00:02:03.920
37
00:02:03.959 --> 00:02:06.239
38
00:02:06.280 --> 00:02:08.000
39
00:02:08.000 --> 00:02:11.080
40
00:02:11.159 --> 00:02:14.520
41
00:02:14.599 --> 00:02:19.199
42
00:02:19.280 --> 00:02:21.639
43
00:02:21.639 --> 00:02:25.479
44
00:02:25.599 --> 00:02:28.639
45
00:02:28.680 --> 00:02:33.000
46
00:02:33.039 --> 00:02:36.479
47
00:02:36.560 --> 00:02:40.159
48
00:02:40.199 --> 00:02:43.719
49
00:02:43.759 --> 00:02:46.319
50
00:02:46.439 --> 00:02:50.280
51
00:02:50.400 --> 00:02:55.039
52
00:02:55.120 --> 00:02:59.400
53
00:02:59.719 --> 00:03:02.240
54
00:03:02.280 --> 00:03:05.120
55
00:03:05.199 --> 00:03:08.439
56
00:03:08.479 --> 00:03:14.719
57
00:03:14.840 --> 00:03:18.639
58
00:03:18.879 --> 00:03:23.039
59
00:03:23.080 --> 00:03:26.039
60
00:03:26.039 --> 00:03:29.479
61
00:03:29.520 --> 00:03:33.000
62
00:03:33.039 --> 00:03:35.680
63
00:03:35.680 --> 00:03:38.560
64
00:03:38.639 --> 00:03:41.759
65
00:03:41.800 --> 00:03:46.960
66
00:03:47.360 --> 00:03:52.840
67
00:03:53.280 --> 00:03:57.960
68
00:03:58.319 --> 00:04:00.680
69
00:04:00.719 --> 00:04:05.800
70
00:04:05.879 --> 00:04:09.080
71
00:04:09.080 --> 00:04:13.400
72
00:04:13.439 --> 00:04:16.120
73
00:04:16.160 --> 00:04:20.240
74
00:04:20.519 --> 00:04:24.040
75
00:04:24.120 --> 00:04:27.560
76
00:04:27.639 --> 00:04:31.279
77
00:04:31.519 --> 00:04:36.199
78
00:04:36.199 --> 00:04:41.879
79
00:04:41.959 --> 00:04:47.079
80
00:04:47.079 --> 00:04:50.680
81
00:04:50.759 --> 00:04:53.920
82
00:04:54.199 --> 00:04:57.560
83
00:04:57.600 --> 00:05:00.319
84
00:05:00.360 --> 00:05:03.519
85
00:05:03.920 --> 00:05:07.519
86
00:05:07.519 --> 00:05:11.120
87
00:05:11.120 --> 00:05:13.199
88
00:05:13.839 --> 00:05:20.360
89
00:05:20.399 --> 00:05:24.079
90
00:05:24.160 --> 00:05:26.319
91
00:05:26.360 --> 00:05:31.920
92
00:05:32.000 --> 00:05:37.680
93
00:05:37.800 --> 00:05:42.160
94
00:05:42.199 --> 00:05:44.399
95
00:05:44.480 --> 00:05:47.800
96
00:05:47.839 --> 00:05:50.639
97
00:05:50.680 --> 00:05:53.360
98
00:05:53.399 --> 00:05:54.839
99
00:05:55.120 --> 00:05:55.759
100
00:05:56.199 --> 00:05:57.439
101
00:05:57.560 --> 00:06:01.160
102
00:06:01.560 --> 00:06:04.839
103
00:06:04.920 --> 00:06:07.680
104
00:06:07.720 --> 00:06:10.800
105
00:06:10.839 --> 00:06:13.639
106
00:06:13.680 --> 00:06:14.439
107
00:06:15.120 --> 00:06:17.920
108
00:06:17.959 --> 00:06:20.199
109
00:06:20.199 --> 00:06:24.360
110
00:06:24.399 --> 00:06:27.519
111
00:06:27.560 --> 00:06:31.439
112
00:06:31.519 --> 00:06:33.879
113
00:06:34.399 --> 00:06:38.399
114
00:06:38.439 --> 00:06:41.839
115
00:06:41.959 --> 00:06:46.519
116
00:06:46.560 --> 00:06:49.879
117
00:06:49.959 --> 00:06:53.360
118
00:06:53.399 --> 00:06:56.279
119
00:06:56.279 --> 00:06:59.319
120
00:06:59.360 --> 00:07:03.000
121
00:07:03.040 --> 00:07:05.639
122
00:07:06.240 --> 00:07:08.959
123
00:07:08.959 --> 00:07:13.040
124
00:07:13.079 --> 00:07:16.040
125
00:07:16.319 --> 00:07:20.319
126
00:07:20.759 --> 00:07:24.079
127
00:07:24.120 --> 00:07:28.399
128
00:07:29.040 --> 00:07:31.639
129
00:07:31.720 --> 00:07:37.160
130
00:07:37.480 --> 00:07:41.000
131
00:07:41.120 --> 00:07:43.759
132
00:07:43.800 --> 00:07:47.399
133
00:07:47.439 --> 00:07:49.759
134
00:07:49.800 --> 00:07:52.959
135
00:07:53.720 --> 00:08:00.439
136
00:08:00.480 --> 00:08:03.800
137
00:08:03.839 --> 00:08:06.959
138
00:08:07.040 --> 00:08:10.079
139
00:08:10.120 --> 00:08:12.800
140
00:08:12.800 --> 00:08:15.120
141
00:08:15.120 --> 00:08:16.160
142
00:08:16.439 --> 00:08:19.319
143
00:08:19.360 --> 00:08:22.920
144
00:08:22.920 --> 00:08:25.439
145
00:08:25.480 --> 00:08:29.959
146
00:08:30.240 --> 00:08:33.240
147
00:08:34.200 --> 00:08:39.960
148
00:08:40.000 --> 00:08:43.360
149
00:08:43.440 --> 00:08:46.120
150
00:08:46.200 --> 00:08:49.960
151
00:08:50.559 --> 00:08:54.519
152
00:08:54.639 --> 00:08:58.120
153
00:08:58.159 --> 00:08:59.840
154
00:08:59.840 --> 00:09:02.759
155
00:09:02.759 --> 00:09:05.440
156
00:09:05.480 --> 00:09:08.320
157
00:09:08.360 --> 00:09:12.200
158
00:09:13.039 --> 00:09:17.200
159
00:09:17.440 --> 00:09:19.000
160
00:09:19.039 --> 00:09:20.720
161
00:09:20.720 --> 00:09:21.879
162
00:09:21.919 --> 00:09:24.399
163
00:09:24.440 --> 00:09:25.200
164
00:09:28.320 --> 00:09:31.039
165
00:09:31.080 --> 00:09:34.159
166
00:09:34.360 --> 00:09:37.639
167
00:09:37.720 --> 00:09:39.919
168
00:09:40.360 --> 00:09:42.600
169
00:09:42.639 --> 00:09:45.000
170
00:09:45.080 --> 00:09:48.080
171
00:09:48.080 --> 00:09:50.360
172
00:09:50.399 --> 00:09:53.039
173
00:09:53.279 --> 00:09:54.919
174
00:09:55.240 --> 00:09:57.559
175
00:09:57.600 --> 00:10:01.639
176
00:10:01.720 --> 00:10:05.000
177
00:10:05.120 --> 00:10:09.480
178
00:10:09.720 --> 00:10:13.120
179
00:10:13.279 --> 00:10:17.159
180
00:10:17.480 --> 00:10:21.279
181
00:10:21.360 --> 00:10:24.879
182
00:10:25.279 --> 00:10:26.639
183
00:10:26.639 --> 00:10:28.720
184
00:10:28.759 --> 00:10:32.480
185
00:10:32.519 --> 00:10:35.200
186
00:10:35.200 --> 00:10:37.919
187
00:10:37.960 --> 00:10:42.559
188
00:10:42.559 --> 00:10:45.399
189
00:10:45.440 --> 00:10:50.080
190
00:10:50.159 --> 00:10:53.440
191
00:10:53.519 --> 00:10:57.519
192
00:10:57.600 --> 00:11:01.200
193
00:11:01.279 --> 00:11:03.720
194
00:11:03.759 --> 00:11:05.200
195
00:11:05.440 --> 00:11:06.879
196
00:11:06.600 --> 00:11:10.559
197
00:11:10.799 --> 00:11:13.759
198
00:11:14.039 --> 00:11:17.360
199
00:11:17.559 --> 00:11:20.840
200
00:11:21.120 --> 00:11:24.440
201
00:11:24.759 --> 00:11:27.519
202
00:11:27.559 --> 00:11:30.679
203
00:11:30.720 --> 00:11:33.720
204
00:11:33.759 --> 00:11:36.679
205
00:11:36.720 --> 00:11:39.919
206
00:11:40.039 --> 00:11:42.639
207
00:11:42.639 --> 00:11:46.360
208
00:11:46.440 --> 00:11:49.480
209
00:11:49.519 --> 00:11:53.279
210
00:11:53.440 --> 00:11:57.120
211
00:11:57.240 --> 00:11:59.639
212
00:11:59.679 --> 00:12:02.559
213
00:12:02.679 --> 00:12:05.799
214
00:12:05.840 --> 00:12:08.919
215
00:12:08.960 --> 00:12:12.879
216
00:12:12.960 --> 00:12:17.120
217
00:12:17.120 --> 00:12:20.919
218
00:12:21.080 --> 00:12:22.919
219
00:12:23.320 --> 00:12:25.759
220
00:12:25.759 --> 00:12:28.679
221
00:12:28.720 --> 00:12:32.200
222
00:12:32.320 --> 00:12:35.000
223
00:12:35.120 --> 00:12:39.360
224
00:12:39.480 --> 00:12:42.799
225
00:12:42.960 --> 00:12:46.639
226
00:12:46.720 --> 00:12:51.200
227
00:12:51.240 --> 00:12:55.159
228
00:12:55.200 --> 00:12:58.720
229
00:12:58.759 --> 00:13:01.799
230
00:13:01.840 --> 00:13:05.320
231
00:13:05.360 --> 00:13:08.919
232
00:13:09.039 --> 00:13:12.039
233
00:13:12.080 --> 00:13:14.360
234
00:13:14.399 --> 00:13:17.000
235
00:13:17.039 --> 00:13:17.960
236
00:13:18.120 --> 00:13:19.600
237
00:13:19.879 --> 00:13:22.000
238
00:13:22.600 --> 00:13:25.840