Aug. 6, 2026
The Bill Martinez Show 08 06 26
The Bill Martinez Show 08 06 26
Transcript
WEBVTT
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Are you ready.
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Yeah, Okay, let's doing Bill Martinez Live, a program about
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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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Hey, right now, six minutes after the top of the hour.
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I am Bill Martinez and he is doctor Michael Butler. Hey, Michael,
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how you doing.
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I'm doing very well, Bill. Thanks for having me. As
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you know, it's always my pleasure to be here.
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Well, it's our pleasure and honor to always have you
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on your insight. That is so needed right now when
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things are so upside down. I mean, Michael, I got
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to tell you. By the way, ladies, Joe and Michael's
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a public policy analyst. He's the economics expert and professor
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of finance at Stockton University in New Jersey. So unlike
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those on the left, he actually knows that one plus
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one equals too, right, Michael, exactly. But I started to
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tell you, I don't know if you saw this statistic.
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This is just crazy. I can't believe is The latest
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Reuter's poll on voter sentiment shows that voters preferred Democrats
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over Republicans on the economy for the first time in
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a decade. It would seem that all that the mainstream
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media has been doing and propagandizing America is working because
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it's hard to square up all the policies and the
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damage that let's just say in the recent era, that
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the Biden administration did to our economy, what they did
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to affect affordability. It was their policies that created this mess.
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And somehow, you know, with a lot of young people,
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they want to believe the Republicans are the problem. It
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doesn't square up.
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Yeah, it certainly doesn't. So how do we get in
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this mess, particularly with the high inflation that we're trying
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to get rid of. So let me go back in
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history a little bit. We had a very severe inflation
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problem in the nineteen seventies nineteen eighty. The Federal Reserve
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figure they knew what to do, so they used monetary policy,
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brought the inflation rate down, and really for the next
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thirty forty years, forty years, the inflation rate remained at
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around two percent or less. So what happened twenty twenty,
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the pandemic came. Advisors convinced President Trump, whether it's right
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or wrong, he convinced President Trump, you have to shut
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the economy down completely, which he did for a number
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of weeks. Well, that could have brought on a very
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severe recession and may be even worse. So President Trump said, look,
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we can't have that, So I have to get Congress
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to pass a massive three trillion dollars stimulus package, which
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worked in that the economy tank real fast and we
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had what was called a V shaped recovery. It came
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back very quickly. Demonstration comes in in twenty twenty one,
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and really with regard to the economy, they didn't have
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to do anything. We had enough stimulus. The unemployment rate
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was dropping, growth was picking up. We're on the right track.
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But the prior administration has social agenda, and in order
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to implement that social agenda they needed to spend a
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lot of money to justify it. The Biden administration said,
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we need another stimulus package, so they passed another nearly
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three trillion dollar package. At the time, I said, this
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is excessive. It's going to cause excess demand in the economy,
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and it's going to lead to inflation. Inflation started to
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go up all through twenty twenty one. At the end
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of twenty twenty one, to try to take some action
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to reduce some inflation, the government passed what they called
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an inflation reduction package. Now, anytime you're spending more money,
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you're not going to reduce inflation. But nonetheless they did
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that kept inflation high. At the same time very poor
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management at the Federal Reserve. They kept interest rates near
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zero all through twenty twenty one and halfway into twenty
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twenty two. Why, they said, the inflation, the unemployment rates
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coming down, we needed to come down faster, so they
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kept interest rates real low, creating excess demand. Well, you
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have excess demand from vast amounts of government spending, excess
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demand from monetary policy. The inflation rate got up to
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nine point one percent in June of twenty twenty two.
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At that time, the Federal Reserve finally woke up and said,
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we've got to get this inflation problem solved. We're going
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to jack interest rate rates way up real fast over
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the next ten to twelve months, which they did, and
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it brought the inflation rate down. Now, coming into twenty
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twenty five, the inflation rates two point nine percent. We
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like it at two percent or less, so we're on
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our way there. From nine and we were heading down,
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got down to beginning part of this year, down to
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two point four percent. But then the Iranian crisis hit.
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Now we can debate whether there was a good idea
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of bad idea to go in there an. If people
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say it was a war of choice, we shouldn't have
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done this. You cause all these problems for nothing. The
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Trump position is intelligence. We had said that even though
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we obliterated the nuclear program of Iran some months ago,
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they still have some nuclear material, and they admitted that
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to us they had enough material for ten I believe,
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nuclear warheads, and they were very close to being able
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to enrich to a point where that would happen. President
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Trump said, if that happened, they said, they're in a
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continental ballistic missiles don't go that far. We laid found
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out they yes, exactly, and they're getting close to the US.
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So the President said, I've got to stop this now.
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Whatever the price is, we're going to have to pay it.
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So he went in bombed Iran. Now, in my opinion,
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he should have finished a job early.
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You and me both yes.
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Instead, he said, I don't want to have any more
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people killed than I have to, and I don't want
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to see the country destroyed. So I'm going to give
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Iran a chance to negotiate this poor this decision. In
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my view, Iran never negotiates anything in good faith. President
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Obama gets that agreement with him, he looked to Obama
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is a pretty good thing. A few months later they
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broke it and started reaching uranium again. So the I
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believe the uranium.
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Course, Obama gave him all the money, the seed money
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to do that. On top of it.
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Oh yeah, by the way, absolutely, So where are we today,
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So this Iranian conflict has got to get over. Look,
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I'm a strong supporter of President Trump. I do not
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support the way he's handled this war. He told us
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in February when he attack, this will be over shortly.
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Then he told us shortly in May, in March, it'll
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be over shortly in April, and be over shortly. Here
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we are in August. He's telling us it will be
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over shortly, and he says, I'm going to give them
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one last chance to negotiate. You can't negotiate with these people.
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Don't string it out as long as as possible. Then
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they'll come up with something and they'll either break it
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or try to renegotiate it literally the next day. The
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reason negotiation won't work in the long run is if
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you're at war with a country and you're about to
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wipe out their population. They said, I better surrender before
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he killed everybody. Like World War Two, we dropped two
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atomic bombs. Japan said, look, you're gonna kill everybody here.
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I don't want that to happen, so I'll surrender. With Iran,
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they don't care if you kill their population. In fact,
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they kill their own population.
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Yeah. So I've already killed over fifty thousand gans.
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So if you're negotiating with somebody who really doesn't care
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about the population, all they're going to do is try
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to string this out as long as possible and just
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hang on. I think personally, President Trump is wasting time
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trying to negotiate with this people. These people were into August.
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If it goes much further, you're going to kill the midterms.
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The Republicans, even though it's an off year for the president.
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The Republicans should do well here the Democrats. The Democrats
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are talking about socialism and that drives everybody with someone
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talking about communism, So the Republicans should do well. But
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if the inflation rate is high and this thing is
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not over, people are going to say, why know what
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the Democrats are saying, but it's got to be better
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than this, So I'm going to vote vote for the Democrat.
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So Trump's got to get this over with as soon
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as possible. Once he does, oil prices will fall under
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seventy hours of varrol, maybe close to sixty. Gasoline will
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go under three dollars a gallon, maybe as well as
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to fifty. Energy prices in general will fall. That will
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bring the inflation rate down rapidly, and we'll hit that
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two percent target probably early part of next year.
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Hop in at John Deere Gator xuv for a day's work.
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Let's see what's on the to do list.
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There goes the tree in the fence. Not a problem,
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because you've got a cargo box filled with solutions up
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to roll.
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Here we go again.
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Eight hundred eight one seven one four five two eight
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hundred eight one seven one four five two. That's eight
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hundred eight one seven fourteen fifty two.
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Millions of people of all ages have speech, language or
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of care. ASHA president Linda Rosa Lugo head.
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