April 8, 2026
The Bill Martinez Show 04 08 26

The Bill Martinez Show 04 08 26
Transcript
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Are you ready?
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Yeah?
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OK, do it?
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Ill Martinez Live a program about current events.
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Our culture, our values, our politics, and our future.
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And now Bill Martinez.
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Well, good morning America. You can join us. Bill Martinez
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here with doctor Michael Butler, the public policy and less
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economics expert, Professor of Finance at Stockton University in New Jersey. Hey, Michael,
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how are you.
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I'm doing very well, Bill, Thanks for having me. Always
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my pleasure to be here.
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Well, great to have you here. We need your insight.
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I mean the current economic condition jobs report better than expected,
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much to the disappointment of the Democrats.
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I might say, yeah, the jobs report turned out to
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be exceptionally good. However, let's just say the month before
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February was terrible negative. Much of that was caused because
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there was a strike by the Kaiser Permanente in California.
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I think some Starbucks were on strike, had lost about
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thirty forty thousand jobs. And then in March, of course
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they were they came back. So it's hard to really
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say one month makes a trend. Rather, if we looked
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at the first three months of the year, January is
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pretty good, February bad, March good. We look at the
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three months. The average for the three months is sixty
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eight thousand jobs per month. That's a very healthy economy.
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It's about four times what we added.
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Last year.
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So the economy itself underlying is very strong. The Big
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Beautiful tax bill is going to create a lot of
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incentives for the economy to grow this year. The fly
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in the ointment, of course, is this Iran incursion. How
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long's it's going to last and how much damage it's
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going to cause?
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Right, And of course, also the Big Beautiful Bill has
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been attacking inflation issues. Inflation is down, so not exactly
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where we want it to be, but definitely better going
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down and going up.
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Yeah.
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Absolutely, the latest inflation reading, now we get one I
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think Thursday and Friday, we get the consumer price index
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I think on Friday, and what's called the personal consumption expenditure,
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which is slightly different than it's what the Fed likes
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to see. We're going to see those inflation numbers go
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up because gasoline and energy has gone up considerably. It
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should only be a month or two assuming this around
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conflict g's open resolved, and it looks like the straits
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of Harmus are going to be open one way or
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another in the next day or so. Already more ships
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have passed through there. It's not the normal traffic, but
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it's much better than it's been. If they can get
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that open, get all those tankers to where the oil
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has to go, we'll see the oil price come down
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very quickly.
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What are we talking.
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Are we talking maybe thirty thirty days or so?
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Yeah, I think you're talking about thirty days. You'll see
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come down. I won't come down as low as I thought. Originally.
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I thought after the war's over, the price is going
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to go back down to where it was before, maybe
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even a little lower. However, since Iran has started firing
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missiles at other countries oil producing facilities like the United
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Arab Emirates in Kuwait, getting a full production back on
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schedule may end up taking a few more months, but
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within the first month you'll see prices drop way down,
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and probably two or three months later, probably by midsummer,
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you'll see prices back down to where they were before,
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and maybe even a little bit lower than they were
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before the incursion. That all assumes this gets over in
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a relatively short time period. If this takes more than
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till the end of the month, we're going to see
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some longer term negative impacts.
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Yeah, it's what the Democrats want, you know, sadly. I mean,
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they're like cheering against us right now. You know, gas
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prices up, so they're you know, doing an end zone
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dance because this, you know, believe they believe that this
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hurts Trump, should hurts Republicans, and gives them the advantage
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for the midterm elections coming up, right.
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Yeah, it does. And the ideal situation for the Republicans
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would be this Iran thing gets resolved. In the next week,
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oil prices end up coming down. The inflation rate then
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will come back down. The economy should continue to grow
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after that, and by the summer we should see some
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very strong economic data in terms of low inflation and
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higher economic growth, and the country is going to start
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to feel good. In the summer, we have this two
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hundred and fiftieth birthday party and people start to get
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more patriotic and feel good about what America has done. Look,
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we have a lot of problems. The Democrats and Republicans
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don't even talk to each other anymore. But if you
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look at where the country has come in two hundred
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and fifty years, it is remarkable. But we went I've
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talked on the show before about this. We went from
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the birth of a nation to the largest, most prosperous
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economy in the world in about one hundred and twenty
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five years and we've stayed there. And this is the
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first country in the world that's a major power and
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doesn't want to take over everybody. In fact, we just
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want to see everybody. We'd like to see every country
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be in a position where the population can regularly choose
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their leaders and as long as it's done by a
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majority of the vote, whatever they decide to do, we'd
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like to have democracy, but whatever they decide to do.
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But as long as they're free to choose, and that's tally,
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as long as they're free to choose, they'll be safer,
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and that'll make us safer. And that's all we're trying.
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To do here, right. And the thing is also, Michael,
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as you say, America is in saying we're going to
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keep all the cards to ourselves. I mean, we're willing,
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you know, to help come alongside share you know, technology,
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share things in a legal short of ways of bosed
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and you come and rip us off and invade our
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institutional you know property in that which they've been doing,
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whether it's China and other countries coming in and ripping
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us off, and you know, but we want people to
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thrive because if they thrive, then you know, we're all
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getting along right exactly.
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We want to see people be free to do whatever
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they want, and we do want them to thrive. If
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every country in the world could choose their leaders and
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have an economy where they can thrive at least the
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opportunity to thrive, that will make them safer and it
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makes us safer too, And that's really what we're trying
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to do here. We want people to be free. Look,
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Meduro rule, minister rapped off the whole country. We're going
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to fix that. Uh. The Communists have destroyed Cuba over
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the last four or five decades. We're trying to fix
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that around. We now had a much greater military capability
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than we even thought, and they can fire missiles easily
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to their neighbors in the Middle East and even as
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far as Europe, and it looked like they were only
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a couple of weeks away from getting nuclear material that
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could be used in a bomb, so we had to
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stop that threat immediately. We're on the verge of doing
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that if we I hope we get regime change out
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of this and we end up with Iran being a
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country that where they can choose their own leaders. I've
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come and contacted conferences with professors from Iran. To be
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perfectly candid, I was always a little nervous when I
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first approached them because what you hear about Iran. But
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after I got to know these people, they're just like us.
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They have the same desires we have. They want to
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raise their families, they want to be successful, they want
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to have a good life, and they don't want all
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this war that their regime has put them up to.
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So we can change the region, that will be a
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big help too.
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Well you think about it. You know, Iran what a
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prosperous country. It was an innovative country. I mean, it's
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had traditions going back twenty five hundred years that have
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been quite stellar. And all they want to do is
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be able to realize that. But for forty seven years
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of placating the Mullahs and the Iatolas and these radical
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Muslims and these terrorist organizations in that, you know, the
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people have suffered and the neighbors have suffered. You know,
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even the Arab nations, and I think the Arab nations
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are there because look what's happened with the Abrahamic Accords.
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I mean, we've got four Arab nations signing up. I
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think Saudi Arabia's in line, they're ready, they're in the keep,
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ready to go next. And I think, you know, there
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will be quite quite a movement into you know, these
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Arab nations coming in to fold to be peaceful agents
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there in the Middle East. I mean, there's so much
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writing here, Michael, I think that it points to a
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lot of good things happening in the Middle East, with
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what is happening in Iran potentially, so we continue to
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pray and hope for, you know, great things for all concerned.
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We got to go to quick break. We've got more
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from doctor Butler after this stay with us.
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