Broadcasting across the state of Wisconsin on the civic media radio network and around the world on the civic media app.
This is the Dom Salvia show.
And now here's your host Dom Salvia.
And welcome to the Dom Salvia show.
Happy Tuesday.
Happy Tuesday to us all.
Thank you for listening.
You can be a big part as always eight.
five five seven five two four eight four two that's eight five five seven five Civic got just PS working hard on the board some sound today we got some good sound today we're gonna play for you fine folks how we have attorney general Josh call
You know, when he was elected, he beat Brad Shimla, I believe, right?
Oh, yeah, yeah, yeah.
Oh,
Yeah, so he has some opinions on the guy who wants to become the next Wisconsin Supreme Court Justice, certainly going to go there as well.
Also, Angela Lang, executive director of Black Leaders Organizing for Communities, Block, she's going to join us at five o'clock.
She had a piece out at the Recombobulation Area at Civic Media talking.
about how these Supreme court races have evolved over time.
A little history with Angela, going to go there as well.
Love it.
When Angela comes around looking forward to her in the happy hour, five o'clock, uh, with Ms.
Angela Lang.
Um, and, and of course, just the seesaw back and forth of whatever is going on here with his president.
Trump was out there selling cars today in the White House.
Feeling very bad for Elon since, you know, Tesla has been
You're right.
Go ahead.
What do they call them?
The swastikars.
Don't say that.
I know it's terrible.
Um, so yeah, Donald Trump's out there selling cars today, but the, the story of course is we led yesterday and we're going to go there again today.
Uh, closing bell markets having another rough day.
And I know we've, we've had this discussion, you know, when does, when does the economy become, you know, this administration's economy?
When does it practically, not when Donald Trump's, you know, continues to, when he'll ever stop complaining about it, he won't never, but practically speaking.
And I think we're certainly there.
if the actions or inaction by a president is literally impacting the market that day, if the government firings are literally impacting job loss for the month, which they are right now.
And I did it so much last month, but they certainly will this month.
Well, I think as they used to say around the campfire, if you, if you smelt it, you dealt it.
And I think this is, this is now certainly at this time of Donald Trump's making.
This is the
Trump session, the Trump administration's market as it stands right now.
If you think I'm wrong, you know, tell me what your criteria is, how you measure, how you gauge.
I give you mine, give me yours, 855-752-4842.
CNBC is now reporting the S&P slid in a headspinning day for traders as they digested new tariffs proposed by Donald Trump that were still in flux as of Tuesday afternoon.
Yeah.
No, the market is closed now after the close apparently before the close market.
So so Trump
putting these tariffs on Canada and all this.
And I mean, and then a Ford from Ontario responded because they sell electricity to some states, you know, put a tariff on that and all Trump freaked out about.
So instead of the 25, I'm going to raise it to 50.
I see a 25 and I raise your 50.
So he goes to 50% and everyone, a very blustery.
Well, apparently they had a conversation.
They're going to negotiate and Trump will, he rescinded now the 25% still going to be at 25, but not the 50.
Right.
Right.
So it was at 25.
That was set up weeks ago.
Then just randomly, oh man, so it's another 25.
This reminds me of the attitude of Dr. Evil when he wants his money.
$100 billion.
Everyone's like, wait, this is 1950.
We don't even have that kind of money.
You know, it's just, cause he just throws numbers out there.
And why, why, why Fitty?
I mean, if you're going to go back, why not a hundred?
Why not a thousand percent?
I mean, a bazillion percent tariff.
It's going to
Come on.
Stop being a was about it, Trump.
As CNBC continues, the trade policy uncertainty has brought the benchmark against the S&P 500 to the brink of a correction, which is defined as a decline of 10% from its high.
Now the SMP ended assessing 0.76% lower at its low of Tuesday's session.
The index was below the record, 10% below the record close.
So it did dip into that 10% that correction area, but some buying pulled it out of that, but still very close.
The Dow Jones industrial average lost 1.14%.
The NASDAQ down 0.18%.
The S&P 500 was in the green at one point during the trading session before Trump declared on true social that Canadian steel and aluminum duties would double to 50 from 25%.
Effective Wednesday, starting Wednesday.
The president made the move in response to, of course, Ontario premier Doug Ford's surcharge on electricity imported to the States, as we mentioned.
Now, later in the day, Ford said he was temporarily suspending the 25% surcharge, the Canada's 25% surcharge on the electricity exported to the US.
Ford has suspended that as well.
After talking with Commerce Secretary Howard Lutnick shortly before the close of trading, Trump indicated he may reduce the tariffs on Canada, which apparently he did.
This is the latest in a series of disorderly trade policy moves that have rattled corporate and consumer confidence and weighed on Marcus over the past three weeks.
CNBC.
It's a nice way to put it.
Disorderly trade policy.
100%.
1 billion percent.
I did do a little bit of the checking out the finance.yahoo.com.
I like their interface on the markets.
Looking back over the last month, according to Yahoo Finance is a Dow over the last month is down over 7%.
The S&P 500 over the last month is down over 8%.
The NASDAQ over the last month is down 11.24%.
The Russell is down over the last month, 11.55%.
That's over the last month.
This is, this is the mega economy.
This is at least the mega market.
So let's put it that way.
I think we're going to see some inflation numbers coming out this week.
And of course we'll see continued reports as the time goes on.
Yeah, okay.
Yeah, it's new.
You can tell by the chart.
So I'm sorry, I'm gonna do it right now while we're doing this here as we look at the Dow Jones industrial average.
So, you know, the five days down 2.5%, the one month as mentioned down 7.09%.
Year to date down 2.6%.
One year.
the one year, year over year up 6.87%.
So when you start, when you throw in, you know, some of the better girls in the past, the five year up 75%.
So these are, these are very definite specific, you know, and it, and it's again, this.
I don't want us to tell you that this is entirely because of the actions of this erratic president.
MSNBC, you know, certainly consider the source Steve Benham reporting.
Throughout the 2020 presidential election, Trump repeatedly delivered a scary warning to the electorate.
If elected, Joe Biden would cause an economic collapse.
He'd come as the demagoguery wasn't based on anything real or substantive.
You just hope to scare voters into reelecting them.
I guess it worked.
In fact, with just a couple of weeks remaining before election day, the two major party nominees faced off in their final debate, which included rather specific predictions.
They say the stock market will rule if I'm elected, Trump said.
If he's elected, the stock market will crash.
As it turns out, the Republicans had the right concerns, but the wrong presidents, the major Wall Street index has varied quite well throughout Biden's term in the White House, which at least so far is not the case for his successor.
We know what happened yesterday.
We talked about it quite a bit as Benin goes on To be sure markets can fluctuate for all sorts of reasons many of which are often outside the control of any one administration certainly But that's precisely what makes the latest downturn so politically potent.
It's easy to draw a straight line between stock market turmoil
and Trump's agenda and his public rhetoric.
Indeed, the major indexes sink.
No credible observers are seriously making the argument that slides are unrelated to the White House, that this slide is unrelated.
No one's saying that.
Everyone seems to understand exactly who and what is responsible for significant losses.
In this game of clue, it was the president in the awful Oval Office with his trade tariffs and playoffs.
The
Right.
What's remarkable is that there's hardly any real news driving this.
Paul Krugman said, it's just investors belatedly realizing that Trump is who he is and always was.
Asked last week about market losses, the president blamed globalist countries and globalist who see how rich our country is going to be and they don't like it.
That was gibberish at the time and it's noticeably worse now.
And stepping back, the problem isn't just that Trump is responsible for market instability.
It's also the fact that he promised to deliver the opposite results.
Well, give him time.
Maybe it spreads out over time.
When markets soared during Biden's presidency, the Republicans repeatedly insisted that was the major indexes were only up because investors expected Trump to return to the White House.
It was part of a broader push, Trump told Americans, to see the stock market as one true metric that mattered more than any other.
Before his inauguration, the president vowed a Wall Street boom, as NBC reported, rhetorical push continued as his second term got underway.
This is what he said at an investor conference on February 19th, not quite a month ago.
When President Trump wanted to make the case for his first term success in an interview last month, he turned to the stock market, quote, I was very proud to have handed over the country when the stock market was higher than it was previous to the pandemic coming in.
It was amazing achievement.
And in his second term, he promised the trend would continue, quote, the stock market is going to be great.
He told the crowd just 18 days after declaring that the stock market is going to be great.
Trump appeared on Fox News and said, quote, can't really watch the stock market.
If the Republican if the Republican is counting on the public not to notice the contradiction, he's likely to be disappointed Yeah, man, I'm not great and they're there as as Krugman points out.
What's the other news?
I mean some good news apparently Perhaps Ukraine coming to the table wanting to do a deal.
That'd be great, right?
Everyone wants that that says wouldn't that help the markets, right?
If you're thinking no, this is just Donald Trump being Donald Trump
50%, 25%, 50%, 0%, we'll negotiate, we'll see what happens.
Nobody likes that.
Oh, by the way, the one good side, the VIX over the last month, up 68%, the volatility index.
That's where your money should be.
But don't take it from me.
855-752-4842.
Don Salvia show.
Welcome.
You can join us on the lines, eight, five, five, seven, five, two, four, eight, four, two, eight, five, five, seven, five, civic Angela Lang, executive director of block and join us in the five o'clock hour.
Hope you stick around for that right now.
We're kind of reviewing the closing bell markets.
Haven't a tough time today, but as mentioned before, the break, the VIX, the volatility index up over the last 30 days, 68%.
Man, you know, of course we should have seen that coming, right?
I'm gonna go back in time.
One of the most volatile people ever
Trump made the stock market a marker of success.
Now he's hedging as markets dip.
I don't want to reiterate this because we've heard Trump talk all the time, all the time, all the time.
Today he's saying, oh, you know, Marcus go up and go down.
It'll be, it'll be an adjustment or whatever.
But, you know, it's amazing when, when, when the news.
benefits him, and this is him, but politicians, but we're talking about Trump right now.
So it's him.
Oh, it's all the greatest thing is because, you know, it's because of Trump.
Well, is it?
Is this then because of Trump?
Do you take the losses as well as the wins?
No, of
This was from, yes, actually last night after a very, very tough day in the Marcus last night, when Trump wanted to make the case for his first term success, he turned to the stock market quote, I'm very proud to have handed over the, over the country when the stock market was higher than it was previous to the pandemic coming in.
It was an amazing achievement.
Then he said again,
And the stock market is going to be great.
But of course we know what happened yesterday.
After stocks began a downward spiral the last week on fears of Trump's use of tariffs will tip the United States to new recession.
His tone has changed.
You can't really watch the stock market, Trump said in an interview that aired on Sunday.
If you look at China, they have a hundred year perspective.
We have a quarter.
We go by quarters.
So I'm very well.
Watch
The stocks sank further, erasing all their gains since Trump's election.
That's going back to November.
S&P had its worst day since September and shares of technology companies were among the hardest hit as the NASDAQ had its biggest one day drop since 22.
Now the NASDAQ lost a trillion dollars in value yesterday.
Now, none of the more than two dozen posts on Trump's Truth Social account Monday addressed the market sell-off, a White House official downplayed the market moves in a statement to reporters.
It's what the spokesman said.
Since President Trump was elected, industry leaders have responded to President Trump's America First economic agenda of tariffs, deregulation, and unleashing of American energy with trillions in investment commitments that will create thousands of new jobs.
President Trump delivered historic job wage and investment growth in his first term and is set to do so again in his second term.
Everything's fine.
Remain calm.
Kevin Bacon and Animal House.
Remain calm.
The White House cited several surveys showing improved confidence among business leaders.
Who ran those surveys?
Though the surveys were conducted before Trump imposed tariffs on Canada and Mexico last week.
Small detail.
I know I failed the class this semester, but I got a B last semester.
Can you just
After Trump's first term, he frequently used the stock market like an EKG tracking the health of his presidency with posts like this.
Stock market at all time high that doesn't just happen exclamation point at rallies who would often cite the market and talk about workers thanking him for making them rich Because their stock portfolios were doing so well.
While the stock market has ups and downs during Trump's first term, including a dramatic fall at the start of the pandemic, it was largely on an upward trajectory with the S&P 500 index increasing nearly 70% during Trump's first term.
The market continued its overall rise during President Joe Biden's time in office.
On the eve of Trump's inauguration, when the S&P was up around 3% since the election, he referred to the increase in stocks along with other improvements in the economy as the Trump effect.
The Trump effect on the eve of his inauguration as things were going up.
It's the Trump effect.
And I don't want to say this is to break a dose just but I'll say it anyway.
The Trump effect.
It's you.
You're the effect.
He said to the rally of supporters since the election, the stock market has surged and small business optimism has soared to record 41 points to a 39 year high.
Bitcoin has shattered one record high after another.
But as Trump's policies have begun to take shape in his first 50 days in office, some of that optimism from investors has reversed course.
The decline in markets accelerated last week when Trump carried through on the threat to impose that 25% tariff on Canada and Mexico to America's closest trading partners.
10% on China.
We know this.
Well, now Trump backed off of many of the Canada and Mexico tariffs days later, the levies remained on many products and he reiterated that more tariffs were coming in April.
On Monday, China imposed retaliatory tariffs on a variety of US agricultural products.
While Ontario's premier announced the province will begin charging 25% more for electricity to 1.5 million Americans.
Now that was reported yesterday.
The premier Ford has backed off of that as Trump has backed off and apparently they're going to start talking in this hole.
Canada, it's, it's, it's, it's, it's bullying Canada to become a state.
If you heard Trump today, we don't have the sound, you know, trust me on this.
When he was selling cars in the White House lawn with Elon Musk, he was saying that, well, you know, we can avoid this whole thing.
If candidate becomes a 51st state, they
I mean, they just have elected a new prime minister.
They're not having it.
The premier of Ontario, he's not having it forward.
He's not having it.
People don't, that's not something.
And at the end of the day, and I've heard some of the Canadian folks get interviewed.
Well, if this was a, this is a continuation of the USMCA, which was a renegotiated NAFTA.
This was done under Donald Trump.
We are, we are right now, Donald Trump is raging over the way we are doing business under the terms of the USMCA, which would dictate by Donald Trump how we do business.
How about just, you know, go back to the negotiating table and hammer it out?
You did it last time.
What is the point of all this?
Oh, but the Vicks was up 68%.
Wonder if they had any idea who's playing that long game.
Come back with us.
8-5-5-7-5-2-4-8-4-2.
Gonna turn to the state of Wisconsin and what's going on here.
Stick around.
Welcome back to the Dom Salvia show, eight, five, five, seven, five, two, four, eight, four, two, eight, five, five, seven, five, civic, just be us working hard on the board.
See you folks texting in, but you know, we take the colors, love the colors, but listen to some of the textures.
I mean, it's the topic.
You know, numbers are so boring, but it's good to know this.
Remember, because you remember how Donald Trump always and always, always, always compared everything to the market.
Oh.
I think so.
Yeah.
You got a new word for it.
Yeah.
My stuff just blew up.
Yeah.
Mm-hmm.
Sounds more professional that way.
Unscheduled rocket disassembly.
Len from Madison, deflation good except when it involves the stock market question mark.
Well, it depends on how you're playing it, Len.
You know, if you're betting it's going down, then you did pretty good this last month.
Uh, what else we got?
Why aren't the Dems calling it a zippy me, uh, name, name?
Like the Trump tariff tank.
Ooh, I like that.
Gotta name these things.
It's not the Trump effect.
It's the Trump tariff tank.
The Trump session, as folks are saying.
And we heard a lot yesterday about stagflation, not just me.
These are all the business mags and all those really smart business folks that really want to make money.
That's what they're there for.
And these kinds of games that President Donald Trump is playing is certainly having an impact on how people perceive the market to be and perception can become reality.
If people are concerned about a recession and they stop spending, well, consumer...
spending drives this economy.
And then throw on, you know, the variables of things that we cannot control like Donald Trump.
And God forbid something else goes on around the world that could be bad.
Well, man, those things can happen.
So yes, certainly concerning times.
And this is the Donald Trump economy.
Ed points out from Madison on Joe Biden's inauguration day in January 20 to 21, the Dow closed at almost 31,000.
uh, Friday, January 17, 2025 was the last business market day of Biden's presidency.
It closed at 43, 487.
Today the Dow closed at 41, 433 down 2000 in less than two months.
This is a total self-own by Trump and from Madison points out.
And again, I think, I think you're absolutely right.
This could be avoided at least to some degree.
And, and
As Krogman points out, there's no other news driving this other than the chaos in Donald Trump's White House.
That's what's driving it.
Now, we have some inflation numbers, I think, coming out tomorrow.
And my understanding, not going to be terrible.
Consumer Price Index for February's forecast is showing an increase of 0.3% for a broad array of goods and services on an annual basis that put the headline inflation at 2.9.
core inflation at 3.2%, moving lower, but still above the Fez 2% target.
Now, if that comes in, that's good, right?
We
I think that's kind of a neutral, you know, I think variable that's going to come out, come out tomorrow.
Now, what happens in the future?
Of course, we don't know.
And that we'll wait to wait to see that.
But these are the kinds of things.
And we start getting perhaps earnings earnings seasonals to start coming out in the first after the first quarter.
We'll see how that goes.
As mentioned yesterday, Walmart's saying that they're going to be down.
We have the Fed in Atlanta, you know, expecting a 2.8% retraction in the first quarter.
Those are things that will certainly impact
And these, these self-owns, this effort by Donald Trump because he's doing the tit for tat.
And again, there's no reason for this.
He negotiated, renegotiated NAFTA into the USMCA.
And these
is the
And he's got a problem with it.
But this is under your deal, man.
You signed this deal.
I get it, you want to change it now?
Okay, then bring everyone to the table and renegotiate it and do that stuff out of the light, out of the public, man.
You don't need to do it this way.
Ali from Madison, she wonders if Canada becomes a state, do we get universal health care?
You know, maybe, because Canada's pretty liberal and if Canada, I mean, I could go that way, but I mean, there'd never be another Republican president again.
I'm just saying, so be careful what you wish for, Trump.
How are they
presidents
8-5-5-7-5-2-4-8-4-2.
Caller for the CIV, patient will get to you in just a moment.
Let's see here.
Tom from Jackson says I was going to buy an SUV, but I have changed my mind now saving my pennies.
Yeah, man, you know, that's that's the that's the concern of people starting to pull back and it's justified, you know, if you're concerned, you think there's going to be recessions, be less money in the future.
All people start to hang on.
They start to save and that's a good defensive move.
You get it.
It's a proper if you think those if you think some bad times are coming.
But again, it doesn't have to be this way.
Donald Trump could do his business in a different manner.
Like, like when he negotiated and renegotiated NAFTA, I don't recall, and maybe, maybe I wasn't paying attention or maybe I have to go back and look, but I don't recall this kind of public pressure and back and forth when that negotiation was going on.
I don't recall that.
If I'm wrong, tell me 855-752-484-2855-75 Civic.
Who's your Bob?
You are up.
Happy days, Bob.
Welcome.
What do you got for us?
Hey, Dan, how are you?
Good.
Listening to you talk about his pronouncements on the economy and what he's going to do, I want to play poker with him.
I want to sit down across the table with a deck of 52 that no one's ever touched.
And I want to play poker with this clown.
I mean, I thought Western Union had gone out of business until he started telegraphing.
You can sit there and read the messages, man.
If you can't make money off him playing poker, then you don't deserve to pick up a deck of cards.
have some
with this
If we could just step back for a second, when President Trump last addressed the BRT when he was on the campaign trail, his big push was on tax cuts.
He's going there today as he's proposing tax hikes in the form of tariffs.
And I'm
curious
why
he's prioritizing that over the tax cuts.
He's actually not implementing tax hikes.
Tariffs are a tax hike on foreign countries that again have been ripping us off.
Tariffs are a tax cut for the American people.
is a staunch advocate of tax cuts.
As you know, he campaigned on no taxes on tips, no taxes on overtime, no taxes on social security benefits.
He is committed to all three of those things, and he expects Congress to pass them later this year.
I'm sorry, have you ever paid a tariff?
Because I
have.
They
don't get charged on foreign companies.
They get charged on the importers.
And ultimately, when we have fair and balanced trade, which the American
people have not
seen.
Oh, you know what?
will go up, and our country will be made wealthy again, and I think it's insulting that you're trying to test my
economics and the decisions that this president has made.
Now we're giving a question to the
Oh, you're so mad that someone calls you on your BS.
A tariff is not a tax on a foreign government.
If Christ, if General Motors has a plant in Mexico, General Motors is bringing, you know, it goes back and forth, apparently lots of time.
Well, the government of Mexico isn't paying that.
That's not coming out of Mexican government taxes.
I mean, that's GM.
They're importing the
It is not a tax on the government.
It's not a tax on the importer.
In this case, in my example is General Motors.
And General Motors then is not going to eat that.
They're not going to eat that.
They're going to pass it along in the form of an increase in costs.
Now, is it a tax as a tax is concerned as we would normally call it?
Well, no, it's not technically a tax, but it
And I do challenge your economic knowledge if you're going to sit up there in front of the AP and the world and sit there and tell us that tariffs are a tax cut for the American people, the American people and the American consumers.
That is not true.
That is a lie.
And you promised you would never lie.
I'll never lie.
Brian from MKE, you're up.
Walker, Brian, what do you
got?
Hey, guys.
Yeah, you know, I've been thinking with the tariffs and all that.
It's kind of funny how, I mean, I understand tariffs and I didn't go to law school.
But the thing is, I think about like during Black Friday, when before Black Friday in the middle of November, the CEO of Best Buy said, well, because of proposed tariffs that are going to be coming down the line, we're increasing our prices now.
So does that mean that the $500 TV that I was going to get for $400 is not going to go back up to $500?
So where's my savings?
And then today, this morning, it's funny how Target, Walmart,
and Costco made the announcement that, well, because of Trump's tariffs, they're going into effect, we're going to have to increase our prices on most of our goods.
Hmm.
And then I love how Canada slaps back and says, well, you're going to propose 25% on our electricity.
Guess what?
We're going to, you know, slap you back with 50.
Yeah.
And they cut clear out that for certain states, depending on where you live and depending on how much of Canada is electricity you get.
But that's to increase the average bill by about $100 a month.
Damn,
Well, thankfully, Ford from Ontario has paused that.
They are going to negotiate with the White House, which they should be doing anyway.
The hell, it was the art of the deal author who renegotiated NAFTA to the USMCA.
Come back with us.
855-752-4842.
Welcome back to the Dom salvia show eight five five seven five two four eight four two eight five five seven five civic.
Stick around top of the hour Angela laying the executive director from block the black leaders organizing for communities going to join us kind of preview what's going on with the Wisconsin Supreme Court race talk a little bit of the history and what some of that messaging is around that election.
Angela wrote a nice piece.
over at Civic Media's Recombobulation area.
She's going to tell us all about it at the top of the hour.
So looking forward to catching up with Angela.
Hope you stick around for that as well.
Got Jess Piaz working hard on the board.
And we just played some sound of the White House Press Secretary, Caroline Levitt.
apparently took very, very personal.
The fact that this AP reporter would challenge her.
Again, we don't have to play it.
I'll just say a tech tax.
Tariffs are a tax hike on foreign countries that again have been ripping us off.
Tariffs are a tax cut for the American people.
Yeah.
And we heard a little bit of that.
Oh, you know, you're challenging my test of my knowledge of economics.
Well, yeah.
Yeah.
When you don't know how to dribble a basketball, I kind of think you don't know how to play basketball.
I'm just saying, you know, I'm just looking at what you're providing me and making an assessment based on my knowledge of the game.
It's not soccer, sweetheart.
All right, but as mentioned, you're in the roster.
We're writing up this piece from today.
The Council on Foreign Relations and the World Economic Forum have said a tariff is a tax.
In fact, as the Century Foundation explained, most economists strongly disagreed that a tariff will be passed on as a bill to the country of origin.
You know, in a previous life.
We actually I was working for a company that brought in containers of marble and granite from overseas from other brokers And that that was and that was we went direct brought him in and he had to pay the bill at the border You know, we had a broker doing the transaction for us, but there it was I mean that that's just how it was and you know, it didn't get paid to
Italy or to South America, wherever we're bringing in the stuff, you know what I'm saying?
It got, it got paid to, to the government from us as the importer.
We were the ones paying for this.
It's an import tax.
The Atlantic's and Lowry told Nicole Wallace this quote.
So tariffs are taxes paid by American consumers.
They raise prices for American businesses and American households.
And American businesses and households were already suffering with high costs.
You can see that in egg prices.
You can see that in housing prices.
You can see that in childcare prices.
The Trump administration promised to tackle the cost of living crisis, the cost of living crisis, and this is going to make it worse.
Apparently, Nicole Wall played the clip and she commented, quote, I mean, she's a wash in regret and remorse and offense and she's either tragically uninformed or lying.
There's no economist that's been tapped to sit in Donald Trump's cabinet who would testify under oath to what she said, quote, tariffs are a tax cut for the American people.
Simply the opposite is reality.
The opposite is reality.
Yeah.
Yes.
Yeah.
eight, five, five, seven, five, two, four, eight, four, two, but, but fear not, we have our own elected officials going to bat for us.
Oh yeah.
And if you're wondering who I'm talking about, of course, our senior Senator from the great state of Wisconsin, Ron Johnson.
You know, he's very concerned.
He's concerned.
He's concerned.
He's so concerned.
He's so concerned.
He has lots of concerns.
Many, many concerns about many, many things, but not so much action.
Oh.
Oh, so he's thinking about the bat?
Very, very much so.
Very much.
A lot of contemplation of the bat.
Yes, yes, yes.
Of the concern, of the, very concerned.
Raw Story spoke, spoke.
He's there for me to say.
Was it Monday?
Raw Story spoke with Senator Ron Johnson, and he said he's concerned.
Didn't he say that last week?
Yeah.
Look.
The Canadians are nice people.
They're great people.
They're friends.
They're allies.
I hate to see this.
When asked if he thinks things have gotten worse, have to get worse before they get better, Johnson said he didn't know.
I'm not quite sure what the president's goal is here, said Johnson.
He hasn't revealed that to me.
Revealed it?
Like a, like a gender baby reveal.
You cut it to the cake and you open it up and look colors in it.
Red, green.
It's orange.
All right.
Instead, Johnson is turning to something he can control.
Spending, spending, spending.
There's not much I can do about this.
He said of the tariffs, except express concern, which I do.
And he knows my thoughts on this.
He noted he continued to voice those concerns.
Ah, thank you, Ron Johnson.
He's just like walking past the White House and just, I'm concerned.
So concerned.
I'm really concerned.
Really concerned.
Please, listen to me.
Well, what are you doing about it, man?
Nothing.
This is, okay, you're concerned.
This is an increase.
This is an increase in tech.
And it's not just on those specific goods, because let me tell you a little secret.
When all of a sudden, the price of a good goes up, and you're maybe your domestic manufacturer of that good, and you don't have to.
Well, but you're not gonna keep offering your product at the same price.
Well, everyone else is bringing their prices up.
I mean, if something costs eight bucks and now the guys bring it in and cost 10, why would you continue to sell yours at eight when you know the market, the other people got to pay 10?
Yeah, man.
So you're gonna force your, get a little extra money.
That's what you do.
So it is inflationary, not just on the folks that are bringing and have to pay the higher prices for, you know, for instance, Canadian steel.
Because the local domestic manufacturers are not gonna let that gap that extra profit Just go go to the consumer hells to the know if they raise their price to match the imported price Where are you gonna go?
You still gonna buy the good see what I'm saying?
opportunity costs, folks, eight, five, five, seven, five, two, four, eight, four, two.
All right, enough of the economics and, no, I think I'm a little bit better at it than Caroline Lovett, but not much.
Come up with us.
Angela Laying, executive director from Block.
Going to talk about those Wisconsin Supreme Court race.
Join us.