Bill O’Reilly’s No Spin News and Analysis - The O'Reilly Update, March 14, 2023

Episode Date: March 14, 2023

Trump stumps in Iowa, the Pope considers lifting the celibacy requirement for priests, most families living paycheck to paycheck, and public health officials rank the dirtiest cities in America. Plus, the Message of the Day, the latest with Silicone Valley Bank. Learn more about your ad choices. Visit megaphone.fm/adchoices

Bill O'Reilly here. You are listening to the O'Reilly Update. Coming up next, the news with Mike Slater. Thank you, Bill. It is Tuesday, March 14th, 2020. You're listening to the O'Reilly Update. Here's what's happening today in America. Donald Trump stumps in Iowa.

The Pope considers lifting the celibacy requirement for Catholic priests. Most families live paycheck to paycheck, and public health officials rank the dirtiest cities in America. So coming up, the message of the day. We'll talk about the latest with Silicon Valley Bank. All coming up, but first, Donald Trump, speaking with supporters in Iowa, the former president, promoting his America-first policies for the border, education, and foreign policy. Latest polls show Trump with a double-digit lead over his potential 2024 challengers,

including Ron DeSantis, Nikki Haley, and Mike Pence. DeSantis told Fox News he will make a decision about running for office after the Florida legislature ends its 60-day term. in May. Pope Francis announcing the Catholic Church is open to reviewing its thousand-year-old practice of celibacy. He describes the rule as temporary and claims it poses no contradiction should priests choose to marry. A survey from one poll showing seven and ten Americans now live paycheck to paycheck, that figure includes 84% of men and 65% of women. The typical adult stresses over personal finances nine times each day. About one in four workers have nothing saved for

retirement. An additional 25 percent believe that they will work past the age of 70. Consider that in France. There's these massive riots that are going on because they raised the retirement age from 62 to 64. And here are 25 percent of Americans thinking they're going to be working past 70. The average American has less than $1,000 in savings. And a third have nothing in the bank at all. Money. It is, it causes so much grief and anxiety and worry. My podcast, it's called Politics by Faith.

This whole week of episodes is dedicated to avoiding the love of money. People think the Bible says money is the root of all evil. It actually says the love of money is the root of all evil. So how do you avoid that love of money? The podcast is called Politics by Faith. A new report ranking the dirty, cities in America. The towns are judged by pollution, living conditions, infrastructure, and resident satisfaction. The dirtiest cities in America. Worst offenders, Chicago, Phoenix, Las Vegas,

San Antonio, Oklahoma City, San Francisco, Los Angeles, Houston, and the dirtiest city in America. Newark, New Jersey. The town ranks number one for garbage, air pollution, congestion, and vermin. The latest with the run on the banks. Next. Hey, I'm Caitlin Becker, the host of the New York Postcast, and I've got exactly what you need to start your weekdays. Every morning, I'll bring you the stories that matter, plus the news people actually talk about. The juicy details in the world's politics, business, pop culture, and everything in between. It's what you want from the New York Post wrapped up in one snappy show. Ask your smart speaker to play the NY Postcast podcast, listen and subscribe on Amazon Music, Apple Podcast, Spotify, or wherever you get your podcasts.

Hey, I'm Mike Slater, filling it for Bill O'Reilly. Now, it's time for the O'Reilly update message of the day. Last Monday, Silicon Valley Bank tweeted out, proud to be on Forbes' annual ranking of America's best banks for the fifth straight year. And to have also been named to the publication's inaugural financial All-Stars list. That was Monday. By Thursday, people withdrew $42 billion, $25% of the bank's deposits. And Friday, the bank didn't exist anymore.

The feds took it over. Second largest bank failure in American history. So what were the executives doing, I don't know, that week? Bloomberg, Greg Becker sat in a red armchair at an invite-only conference in Los Angeles. Legs crossed one hand cutting through the air. Quote, we pride ourselves on being the best financial partner in the most challenging times. Silicon Valley Bank's chief executive officer told the Upfront Summit on March 1st, A day before the firm was up for Bank of the Year honors at a London gala.

That was March 1st. The run of the bank was March 9th. Eight days later. So, either the managers of the bank were completely clueless, or they knew better, and were trying to lie to shareholders and depositors that things were hunky-dory. I feel the same about our president and the entire economy. Do you think things are hunky-dory? That's a technical term, by the way, hunky door.

Because we're told things are great. Never been better. The economy is better than it's ever been. And it's getting better every day. And we have runs on the bank. Looks very 1930. And Biden's solution is to raise taxes, of course. We're in a recession.

I don't care how Webster's dictionary changes the definition to suit Biden's agenda. We're in one. And the only way out is to grow yourself out. And the only way to do that is to lower. taxes, but Biden, of course, is raising them. And on whom is he raising them? Well, investors. Biden wants to increase the capital gains tax from 20% to 40%. Ever since Barack Obama, the left has had this talking point about Warren Buffett's secretary paying more in taxes than Warren Buffett, who at that point was the richest person in the world. That's not true,

of course. She may have paid a higher tax rate, but that's because she paid a tax on her income, and Warren Buffett paid a tax on his capital gains. Those are different. So capital gains, if Warren Buffett invests, if you, anyone, invests $100 in a company and the company does great and then you sell your stock for $150, that $50 is a gain in capital and the government tax is 20% of that. 20% is a lower income tax rate than the secretary. But there are two different sources of income.

Now listen, I don't want any taxes ever anywhere, but the capital gains tax, of course, should be zero. Why would we want to penalize people for investing money in companies? When a rich person or anyone invest in a company, the company uses that money to hire more people and to buy machines and expand their products and grow the company, it's better for everyone. Why do we want to penalize people for doing that? Biden's big budget plan is to raise the capital gains tax up to 40%. It's the opposite of what we need to do.

Now, if the goal is to tank the economy, then the Fed's doing a great job. And that is their goal. That's why they're raising rates. and if we want to tank the economy then Biden's tax proposals are spot on but if the goal is to get out of a recession and have a strong, vibrant economy I don't know, without bank runs

and for you to keep more of your money well then of course Biden is doing the exact opposite no surprise I suppose coming up next did you watch the Oscars? Of course not no one did. Hugh Grant was there and he didn't even watch the Oscars.

I'll explain next. Power, politics, and the people behind the headlines. I'm Miranda Devine, New York Post columnist, and the host of the brand new podcast, Podforce One. Every week, I'll sit down for candid conversations with Washington's most powerful disruptors, lawmakers, and even the president of the United States. These are the leaders shaping the future of America and the world.

Listen to Podforce One with me, Miranda Devine, every week on Apple Podcasts, Spotify, or wherever you get your podcast. You don't want to miss an episode. Hey, I'm Mike Slater, feeling up for Bill O'Reilly. Now it's time for something you might not know. The title of the magazine, Vanity Fair, comes from the classic story by John Bunyan Pilgrim's progress. Vanity Fair means a place of ostentation or empty idle amusement and frivolity. Why do I bring this up? On this morning's O'Reilly Update morning edition, we talked about the Oscars and no one watched it. Nine years ago, 43 million people watched the Oscars.

On Sunday night, only 16 million. Why do so few people watch it? Because they hate you. You made them rich and they hate you. And finally, people are catching on to that. Now, you didn't see this because you didn't watch it, but Hugh Grant gave the most cringeworthy red carpet interview in the history of red carpet interviews. Hugh Grant clearly did not want to be there. And the poor interview lady is asking them all these questions,

like, who are you wearing? And he said, uh, my suit. Oh, who are you excited to see? Nobody really, like that kind of thing. But the opening question was, what is your favorite thing about the officer? And he said, well, it's fascinating. It's vanity fair. And the poor girl said, oh, yes, it's all about vanity fair. That's where we let loose and have a little fun. She thought he meant the

vanity fair after party. Vanity fair like the magazine. They host a big post-Oskers party. he meant the original meaning of the term, as in Pilgrim's Progress from 1678, where the main character Christian is traveling to the celestial city. And on the way, he comes across an ancient town called Vanity Fair, where everything is sold, all sorts of pleasures and delights. And at all times one can see juggling, cheats, games, plays, fools, apes, naves, rogues, and that of all sorts, as well as thefts, murders, adulteries, and false swearers. So Christian is arrested, put in an iron cage and placed in the center of town,

the objects of any man's sport or malice or revenge. He ultimately escapes. But the point is, it's not a good place to be. Vanity Fair is not a good place. It's an evil and wicked place filled with people with depraved minds, deprived of the truth. But the magazine took the name and made it their own. Made it a good thing.

Made it, as this interviewer said, a place where we can really let loose. But Hugh Grant meant, no, no, I mean, this red carpet and the Oscars are. terrible. I'm encouraged that people are finally catching on. More coming up. Hey, it's Sean Spicer from the Sean Spicer Show podcast, reminding you to tune into my show every day to get your daily dose inside the world of politics. President Trump and his team are shaking up Washington like never before, and we're here to cover it from all size, especially on the topics the mainstream media won't. So if you're a political junkie on a late lunch or getting ready for the drive home.

New episodes of the Sean Spicer Show podcast drop at 2 p.m. East Coast every day. Make sure you tune in. You can find us at Apple Podcast, Spotify, or wherever you get your podcast. Thank you for listening to the O'Reilly update. I am Bill O'Reilly, no spin, just facts, and always looking out for you. Thank you.