The Dan Bongino Show - Ep. 615 Liberals Simply Cannot Tell the Truth

Episode Date: December 20, 2017

Here are the final numbers on the tax bill.   Here’s a simple-to-read chart of historical tax revenues to the federal government. Ask your liberal friends to look at the chart and tell you where ta...x cuts have “cost the government money.”   Why can’t liberals tell the truth about taxes?   More fantastic news about the economy.   CNN is losing its mind.      Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript
Discussion (0)
Starting point is 00:00:00 Growth is essential for every entrepreneur. At BDC, we get that. And the businesses we support grow at double the average rate, accelerating the pace. We're on it. BDC. Financing. Advising. Know-how. Get ready to hear the truth about America on a show that's not immune to the facts with your host, Dan Bongino. Welcome to the Dan Bongino Show. Producer Joe, how are you today? Ready to go, Dan-o. Throwing everybody a curveball right there. You sound a little down. You all right?
Starting point is 00:00:34 Everything good? Man, everything's good. Yeah, just traffic was heavy. Yeah, I know. Baltimore. Well, I'll talk to you after the show. We may have a solution for all this. All right.
Starting point is 00:00:42 Poor Joe. I set the guy up. I'm like, hurry, we got to go. I had a listener. You know, I get viewers. We probably shouldn't do this on the air, but may have a solution for all this. All right. Poor Joe. I set the guy up. I'm like, Corey, we got to go. I had a listener. You know, I get viewers. We probably shouldn't do this on the air, but I get a listener email and he complained. He said he lives on the West Coast, so he listens on the way to work. And, you know,
Starting point is 00:00:53 a couple of times, Joe and I have to do some, well, he does most of the post-processing. So, for those of you wondering why it's not the exact same time every day, it's because it is a pre-recorded podcast and Joe has to do some work sometimes to get some spots out there. So that's the reason. It's not like we're sitting on our butts roasting marshmallows and s'mores every day. S'mores, s'mores. Joe actually has work to do. He has
Starting point is 00:01:17 a couple of jobs. So that's the reason behind that, folks. But I do appreciate your feedback and we're doing the best we can do. We try to keep the staff light to keep the costs under control and not make this too expensive for our sponsors okay uh let's get right to it so i got an email yesterday from um a priest father anthony i'm not gonna say his last name but thank you i am i appreciate you it was a great email and uh i got a couple other emails too from folks yesterday and this is one of the first times we've done a show in a long time where i have to be honest with you folks i feel like i did a really awful job explaining something and maybe it's because i had so much content to get out yesterday that i rushed through the topic and uh here's uh here's where i'm going with this so a couple of
Starting point is 00:01:58 emails i received this was not the email from father anthony but the couple other emails i said dan you got it all wrong with the Tim Ryan, the congressman from Ohio, line on Fox and Friends, which I thought was entirely disingenuous, where Tim Ryan said, well, we're going to borrow from China to pay for this tax cut. They said, you explained it wrong,
Starting point is 00:02:17 which I didn't. I just didn't explain it enough. But that's my fault. No problem. I appreciate the emails, folks, even the critical ones. They said, what Tim Ryan, the Democrat congressman from Ohio, was referring to was the fact that the CBO has projected that this tax cut bill that's going to go through tomorrow, today maybe, or we don't know when it's going to go through actually, but this week, is going to add $1.5 trillion to the deficit. Therefore, that accumulated deficit, additional deficit due to the tax cut is going to have to be borrowed, and therefore, we would borrow from
Starting point is 00:02:56 China. Folks, this was my fault. I assumed most of you are regular listeners, but truth be told, I feel in for Hannity and Levin. Some of you just joined the show last week. That's my fault. The regular listeners know that that's garbage. Tax cuts do not cause deficits. Okay? I know some of you are tired of hearing about this topic, but folks, you shouldn't be because this is the very core of the larger 30,000 foot fight right now between liberalism and conservatism. If you don't understand these basic principles, none of the other arguments make sense as evidence. And this is not a knock on the person emailing me, but as evidence by the email I got yesterday from a couple of guys saying, hey, you explained it all wrong. The congressman Ryan was trying to say we're going to go into debt.
Starting point is 00:03:42 We're going to have to borrow money to pay it. That is garbage. Number one, the CBO has not successfully predicted the dynamic effects of a tax cut ever. The CBO blew it on Obamacare. I disregard, folks, I'm sorry, anything that comes out of the CBO based on pure evidence. They have never gotten this right. Number two, and Joe, this is up there with the black swan thing. Joe has a list of things that drive him nuts about the show,
Starting point is 00:04:08 although he does like the book, The Black Swan. And I used to talk about it all the time. And it was literally driving Joe nuts to the point where he was getting ready to do like a triangle choke on me because he was tired of hearing it. One of the things I know is probably going to drive him nuts too because I say it all the time, is I have this chart of the tax tables,
Starting point is 00:04:24 which I have only posted on the show notes five or six times. I am going to do it again today for, this has got to be six or seven times, but I'm going to do it again today. It is an easy to read, cannot miss chart on the tax tables. It has the year, whatever, 1981, and the amount of money the federal government raised in taxes, and then it breaks it down. It couldn't be any easier to read. You don't need a degree in mathematics. You don't even need a degree in basket
Starting point is 00:04:53 weaving to read this. It is so easy to read that I'm telling you, even like, I like Excel and I like spreadsheets, but before I went to business school, I could have looked at this and figured this thing out. I am going to post this thing again, and
Starting point is 00:05:09 I'm going to post to you again for the fifth or sixth time a very simple question. Now, get ready. Get a pen. Put the show on pause. Okay, you're back? That could have been a minute delay for us. Some people listen straight through.
Starting point is 00:05:25 Joe's like, Joe's going to put the show on, but he's the producer. So I want you to marry this up. Get a pen. These are the years I want you to look at. And I want you to marry this up. I'm going to post these tax tables at Bongino.com
Starting point is 00:05:38 and in the show notes. If you subscribe to my email list on my website, I will email you this right to your inbox. There's no excuse. It's on my Twitter feed and it's going to be on my website. I will email you this right to your inbox. There's no excuse. It's on my Twitter feed, and it's going to be on my Facebook today as well. Okay? John F. Kennedy.
Starting point is 00:05:51 Actually, excuse me, Lyndon Johnson. It was a Kennedy tax cuts, but Johnson signed it. I want you to look at the year 1964. Check, Joe. 1964. Writing them down, Dan. Writing them down. 1964.
Starting point is 00:06:03 I want you to look at the year 1981. I want you to also look at the year 1986 on the Ronald Reagan. So now we have 64, 81, 1986. I want you to look at in the chart this may require a little bit of basic analysis at best, but go to the capital gains tax line in the
Starting point is 00:06:20 year 1996 as well and look at what happened with capital gains afterwards. So we have 1964, 1981, 1986, 1996, look at capital gains. I want you to look at two more years. I want you to look at 2001, 2003. Go to my website, pull the chart up. I promise you it is not difficult to read, okay? Now, we've got those years. Why are those years significant? This will be on my Facebook as well. I'm the verified page, not the fake Dan Bongino page on Facebook. There is a fake.
Starting point is 00:06:47 This guy spends his entire time imitating me. I love it. Yeah, he does. I'm not kidding. So yeah, I don't know if you know this, folks, but Facebook allows people to impersonate you. I'm not kidding. They'll actually allow it. I don't know.
Starting point is 00:06:59 We're trying like legally to do something about it, but Facebook won't do anything. But go to my Facebook page and I will lay this out for you as well. So look at 64, 81, 86, 96, 2001, and 2003. Here's the question. Go look at the tax charts. Pull it up, print it, keep it on your phone. Whatever you have to do, pull it up on your computer screen. I want you to ask your liberal friends this question.
Starting point is 00:07:18 This is going to go to the heart of the email I got. Please show me where government tax revenue went down after any of those tax cuts. 64, 81, 86, 96, 2001, and 2003. Just show me. Now, I assume the listeners, and many of you have heard this before, but it's important to hear again right now because this thing's going to pass probably today, tomorrow, or the next day. I'm asking you a critical question based on facts and data that are irrefutable. No one's disputing the government tax revenue statistics. I put it, nobody,
Starting point is 00:07:51 not a liberal, not a conservative, not a libertarian, not a Martian, not a Jupiterian, nobody. The statistics are real. I'm just asking you to back up your premise. And I'm not knocking to people who email me. I mean it. I sincerely appreciate it because it tells me I didn't explain it well. I'm asking you to show me, based on actual real-world facts and data about tax revenue, where a tax cut and I gave you the years they happened under
Starting point is 00:08:15 Kennedy, Reagan, Clinton, and Bush. There's more. There's Coolidge and way back, but this is recent stuff. Relatively recent. Going back to Kennedy. I'm asking you, looking at the chart, to marry up those years I gave you and to show me where tax revenue went down either short-term or long-term. There have been a blip a year or two in a recession, but there's been no short-term or long-term effects on tax revenue at all. As a matter of fact, tax revenue has gone up. We've
Starting point is 00:08:41 only said this 10,000 times. I'm going to put it on my Facebook. Marry it up. It'll be at the show notes today as well. Just highlight the years I just told you. 64, 81, 86, 96, 2001, 2003. Get a highlighter. Highlight them. And ask your liberal friends to show you where tax revenue went down.
Starting point is 00:09:01 They can't. It never happened. It went up. It went up dramatically. Not after one of them. Not after 64. Not after 81. Not after 86. Not after 96. Not after 2001. Not after 2003. After all of them. It went up after all of them. All. A-L-L, meaning all conclusive, meaning everyone. Now, getting back to the email, and I should have said this yesterday. The reason I didn't address Congressman Tim Ryan's silly, ridiculous, non-fact-based, hyperbolic, manipulative, potentially deceptive, lying statement that we are going to have to borrow money. You think that kind of sums it up, Joe?
Starting point is 00:09:48 Adjective wise, right? The reason I didn't address his nonsensical statement about how we're going to have to borrow money to pay for a tax cut was because I assumed that you were listening, you understood that we have never, ever had to borrow money to pay for a tax cut in the history of the United States. We've actually raised more money. How do you borrow money to pay for a tax cut that raises more money? Folks, does that make any sense at all?
Starting point is 00:10:17 Now, if Tim Ryan, who I think was deceiving you intentionally, wanted to be intellectually honest, and he has no interest in that. He's a smart guy. He's just lying to you. I'm sorry. He's just not telling you the truth. Or he's dumb, and I don't believe that. I don't believe he's dumb.
Starting point is 00:10:33 I'm not calling the guy dumb, because he's not. I know he's not. He's just lying to you. If he wanted to be intellectually honest, what he could have said, Joe, is with these tax cuts, we could actually lend money to Russia and China because
Starting point is 00:10:46 we would have a surplus generated. Joe, would that not have been true based on the evidence? Yeah. It would have been right. Yeah, baby. Yeah. We got the money, baby. You're damn right.
Starting point is 00:10:57 We got the money. You got that trading places. Yeah. You're a guy. You got that guy? Yeah. That's what he could have said. He would have been honest.
Starting point is 00:11:06 Folks, just go to the table I gave you. It's going to be at Bongino.com. Please get a high letter. Do yourself a favor. Never leave this behind. Print it up. It's really easy to read. Print it up.
Starting point is 00:11:19 Highlight it. These are the years of the tax cuts. Just ask your liberal friends in the office. Ask your liberal friends at dinner. Oh, I don't want to make enemies of my liberal friend. Too bad. We're in the fight of our lives here. And just ask them to point out on the table where exactly tax cuts, quote, cost the government revenue. Watch their heads spin. They will not be able to. Now you know why I'm so passionate about this. Now you know why. Because I did get an email for a guy. To be fair, I always share with you even the critical emails.
Starting point is 00:11:47 Where a guy said, listen, I'm tired of hearing about the tax cuts. I understand. But folks, do you understand that once we make a full-fledged effort, messaging-wise, to deconstruct this false narrative that tax cuts somehow, quote, cost the government money? Do you realize the entire liberal narrative falls apart? The entire narrative falls apart. Because think about the premise of what they're saying, Joseph.
Starting point is 00:12:14 The liberal narrative is that the government is a force for good in society, correct? Correct. Liberals believe in bigger government because they'll tell you that government is somehow a force for good that it said even simpler without the unnecessarily uh sat oriented words government does good things therefore we should give it money yeah simple enough yeah the adjoining corresponding liberal narrative in terms of tax cuts is because government is good and government needs money to do good things people should pay taxes to the government give their money to the government to do said good things that make sense all right all right you following yeah
Starting point is 00:12:55 if the then third portion of said liberal narrative is therefore tax cuts will starve the government of money and that the government cannot do said good things then that requires facts and data to show in fact that tax cuts will in fact cost the government money but they have no data to show that i'm giving you the numbers i'm giving you the numbers. I'm giving you the numbers. I'm giving you the numbers. The numbers are right there. Do you believe in numbers, any of you? I'm not insulting my audience. I'm just asking people to think like human beings,
Starting point is 00:13:38 to think not like animals. You know, my mother-in-law's dogs, when she'd come over, I'd go, hey, you want the bacon? You know those bacon strips? You want bacon? Bacon? They don't talk like that, but you can see them salivate. They start coughing. They love bacon. Bacon so much. I'm asking you to think like people. Use reason. If your premise, government good, give government money to do good. Tax cuts cost government money, therefore bad. I'm just asking you to prove that last point
Starting point is 00:14:06 that tax cuts actually cost the government money. That's a simple thing to ask. Given the data right in front of you, please show me where that's happened. You can't do it. You simply can't do it. I am genuinely sorry
Starting point is 00:14:22 for having to bring this up for the umpteenth thousandth time. But the entire premise of the liberal ideological war is built on sand. There is no there there. Is it too much to ask? Is it too much to ask to say to liberals, back up what you've told us repeatedly, said on the news, wrote in op-ed pieces, Paul Krugman's put out there. Is it too much to ask? Now, they'll torture the statistics over and over. Well, the national debt went up. Correct, because government spending went up. Well, as a percentage of and due to inflation, nonsense, inflation adjusted government revenue still went
Starting point is 00:15:01 up under Reagan. Well, the percentage of government revenue went up more when we increased taxes certain years under Bill Clinton. Fine, whatever. That's not the point. The point you made to me, Joe, is tax cuts cost the government money, and that's categorically false. The fact that you may have raised the tax here and there
Starting point is 00:15:22 and in a good economic time raised some money does not refute the premise that your premise is factually not correct your assertion that tax cuts cost government money is bunk yeah it well you know that's just like uh your opinion man that was perfect that was perfect timing you see we're getting this thing down we're working it through that was that was i love the dude yeah well that's just like your opinion dude and you're just making it up by the way some dude wrote on reddit i categorically disagree with this there's a guy on reddit i love but someone commented on he he loves our show this guy i don't know who he is but he does these reddit threads and he said that me and you have an awkward vibe really i don't i don't think our vibe is awkward at all
Starting point is 00:16:14 i've never heard that ever like i get positive emails awkward vibe i love joe joe and i like know each other like the back of our hands with this show i whatever. Listen, like I said, I put it all out there. You all know me. I share everything with you. It's just we're separated by, you know, a thousand or so miles, you know? Exactly. But that's the thing. I don't think people understand the inside baseball, the radio industry.
Starting point is 00:16:37 When Joe does a radio show at WCBM, he's looking at the host. Joe and I don't even do that, and the show still works. Like, we just know. He just knows when I'm quiet he knows to keep quiet when I'm ranting sometimes I mean it's difficult I just wish you guys understood like we we work this out despite massive technical disadvantages and it still works you know on telepathy yes seriously man it's like uh ESPN I'm kidding ESPN I'm'm kidding. ESPN. I'm joking. It was a joke. Poor joke. I got it. But that's our awkward vibe, right?
Starting point is 00:17:08 ESPN, right? I got it. Hey, just to wrap this up too, I just want to be clear on this. I am not making the point that government spending is a good thing because I do get some emails too and they'll say, well, what are you saying? Tax cuts are good because they give the government more money. I'm not, folks. I'm making a simple, irrefutable, categorically true point right now. You can't show me evidence. You may in the future, but you can't show me evidence as a liberal right now
Starting point is 00:17:32 that your assertion you repeat on the media and op-ed pieces and everywhere else, you can't tell me that you're telling the truth because you can't show it. And I can. You can't show me that tax cuts have cost the government money. And I'm going to post that thing again. All right. I have beaten this thing to death. I want to get to another point by Father Anthony. He was, is it Anthony? Yeah, Anthony. Father Anthony, yes. I'll say no more. But I got these two emails and that was about the borrowing money from China. So just to wrap that up, the reason I'm not even addressing it is because how do you borrow money to pay for surplus revenue? It's just dumb.
Starting point is 00:18:07 You borrow money if you lose revenue, but you can't show me that's happened. That's why I didn't bring it up. So my fault, as you know, what was that? Have you ever watched The Simpsons? Nelson Muntz. Remember Nelson Muntz? So my fault. My fault.
Starting point is 00:18:23 I love Nelson Muntz. I think he said that once to bart and bart fell out of the tree and broke his arm and nelson said but i said like he wasn't supposed to break his so my bad i i will next time i'll get a little more but it's nonsense it's crap it's made up it's just not true that's why i put it out there that's why i'm so passionate about it and seriously my sincere apologies for those who've heard this a thousand times, but the whole liberal argument falls apart when you understand it, and importantly, understand it in detail. Okay, before we get to Father Anthony's email,
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Starting point is 00:21:50 So I get this email from Father Anthony and he said, listen, here's the problem I'm hearing from my liberal friends here. He said, they're saying, well, you know, this tax cut, it's a major cut for corporations, corporate entities, which it is, but corporations are made up of people, folks. It's a cut for people. If you could tell me what else corporations are made of, the blob, jello, Martians, I'd be happy to entertain it. But businesses are made up. I'm not being snarky. I'm just telling you the facts. Corporations consist of people. So it is a tax cut for people. Although the left's argument is that, well, it's a corporate tax cut from 35% to 21% for businesses. And Father Anthony said a lot of
Starting point is 00:22:22 his liberal friends are saying, well, a lot of that money is going to be sent overseas now folks i've addressed this before and thank you father anthony for the question but you're friends and i know you're a priest so you have to be a little more delicate than i i don't have to be that's an idiotic talking point here's why two reasons folks number one have you asked your friends, by the way, why money would go overseas? Yeah. I mean, I'm going to get to the mechanics of the money flow in a second. But have you asked your friends if your point is that we're going to give people a corporate tax cut, but money is still somehow going to flow overseas? Why would it do that?
Starting point is 00:23:01 Joe, let me ask you a simple question. You're a businessman, right? Yeah. You own, let's see, what do I got on my desk today? You own Joe's Mousepads. I got a cool mousepad here, right? All right. So Joe owns Joe's Mousepads. Joe's Mousepads is a relatively successful business.
Starting point is 00:23:18 Joe, now you have a choice, right? You're coming up on the end of your five-year lease and someone walks in as a business consultant you hired from one of these big consultant firms, right? And they walk in, and they say, Joe, I have an idea for our mousepad company. We are paying currently a 35% tax rate in the United States. It's taking a big bite out of our revenue. We can't pay our employees as much as we'd like.
Starting point is 00:23:38 We can't attract good talent, and we're not going to be able to get the next generation of equipment to produce high-tech mousepads that can work with all kinds of equipment. Oh, wow. Thanks. Well, what should we do, Mr. Business Consultant? Well, I have an idea, Joseph. Yeah. That's very sophisticated. That's your, I like this.
Starting point is 00:23:55 One of your many voices, Joe, of course, has multiple personality disorder. He has about 22 different personalities, which come out of the show. So he says, I have an idea. It's about 22 different personalities which come out of the show. So he says, I have an idea. Ireland has a 12.5% business tax rate. And even though we would have to move the business, the moving costs are relatively nil. We can go over there and we can save 20 plus percentage points on our tax bill.
Starting point is 00:24:17 How does that sound to you, Joe? We can save? We can save a lot of money, Joe. Well, we should save money. 20 plus percentage points. You like that? How does that sound for you? I like that, Dan.
Starting point is 00:24:29 You like that a lot. Yes, I do. That would be like, I mean, depending on the revenue, you're talking about potentially being able to buy an entirely new factory floor with the revenue saved on taxes and all. The point, folks, is that why are businesses leaving in the first place? Right. That's right. That's true. That they're chasing international business tax rates that are lower. Father, I love you. Your email is great. I really do. I'm Catholic. I'm a priest at my church is great.
Starting point is 00:25:09 But the simple question is, why is money going overseas in the first place? Oh, to chase lower tax rates. Oh, you mean what we want to do here to bring money back? What do you think? You think people aren't going to around the world start investing in the United States when they do the same thing in reverse? In other words, Joe. Yeah. Let's say you have, you have, you can never say it.
Starting point is 00:25:27 I don't know. You have some dude in China. I don't know what his name is. Bobby. Who cares? Bobby in China, right? Bobby has the corresponding competitor to Joe's mousepad company. Bobby's mousepad company in China.
Starting point is 00:25:43 He's doing the exact same thing Joe is. When he finds out that the tax rate in the United States, one of his biggest markets, is now dropping 15 points, all of a sudden he's doing the same thing going, hmm, he's doing the, here's the head scratch. The head scratching. And someone sent me that. The listeners are great.
Starting point is 00:26:02 They send everything. Everything you ask, they send. I swear, if we started asking for free stuff, they'd start sending it to our house. You guys are awesome and ladies out there. But we wouldn't do that and by the listeners are great they send everything everything you ask they send i swear if we started asking for free stuff they'd start sending it to our house you guys are awesome and ladies out there but we wouldn't do that by the way but it's funny nonetheless the guy in china bobby's mouse pads is doing the same thing do you get it joe he's like wait wait wait we can now get a 15 percentage point decrease in the tax rate if we move to the united states so folks premise number one that money's leaving to go overseas is the point so when your liberal friends ask you that say well isn't money gonna leave overseas to be stored yes that's the point yeah like to keep the
Starting point is 00:26:36 money here money's leaving because it's chasing lower tax rates ah that's what we're doing lowering tax rates ding ding ding ding ding i mean you would think at some point bells would go off but uh you know they don't folks there's another point here from the economic cash flow perspective i said this multiple times on the show and forgive me again for our listeners by the way how many listeners out there do you think have listened to all 615 episodes let me say the five percent maybe that would be a bit i mean that's huge yeah but if you want download they're really good folks i'm just saying because our show the original shows are funny too joe and i have a feeling
Starting point is 00:27:13 to show out go back and listen they're great download them they're a lot of fun um one of the things i bring up often is u.s literally U.S. dollars, whether electronically transmitted or physical dollars, cannot be spent in foreign countries. I'm not talking about black markets. The U.S. dollars can be spent anywhere to buy drugs and work in black markets. We get that. I'm talking about as an official currency of a country. And by the way, that black market speaks more to the failure of other countries to emulate the U.S. economy. But that's a whole other day's topic, right?
Starting point is 00:27:46 Even that works for us. But the U.S. dollars cannot be spent in China. So I say to Father Anthony, when money leaves, even if it does leave to go to China, that money goes to buy, say, you know, say in Joe, your mousepad company, right? The inputs, let's say the rubber, like this mousepad I have is a back of rubber here to keeps it from moving around. You've seen, you've all seen a mousepad before. Let's say Joe has a supplier for rubber in China because it's cheaper. Joe only has US dollars.
Starting point is 00:28:18 Joe buys that from, imports it into the country. The Chinese company that gets the dollar you may say well dan you're wrong they're just going to convert it to chinese currency right and what do you think happens to the dollar you think someone burns it folks when somebody buys a product from overseas and they convert it to that domestic currency the dollar doesn't go anywhere. Somebody in that foreign country in China goes and grabs that dollar to do what? To buy something back from the United States. That dollar can't be spent in China. Do you see what I'm saying, Joe? Yeah. When you convert... That's Paula's favorite Joe. Yeah, by the way way she thinks that one is the funniest one yeah yeah
Starting point is 00:29:07 she loves that one when the dollar goes over there it can't be spent in china the chinese rubber producer converts it to renminbi the the chinese currency all right that's right and then that dollar has it doesn't get burned. It doesn't get melted. It doesn't get shipped off to another universe. Somebody else in China has to acquire it. So the bank in China says to a Chinese, let's say that Bobby's mouse pads gets ink from the United States. He then has to convert his Chinese currency, Joe, to dollars.
Starting point is 00:29:48 He goes and gets that dollar and invests it where? Back in the United States. Folks, the point of this whole thing is money doesn't escape overseas. It just sits there temporarily. Ironically, it's the corporate tax cut which is incentivizing and is going to incentivize a lot of these companies holding dollars overseas they can't spend there to do what to bring it back here this is why i'm telling you like to be a liberal and i'm sorry i'm really not trying to make this personal.
Starting point is 00:30:26 But it is. It is personal in a way. To be a liberal requires you to knowingly mislead people about how economics and finance works. Or, I'm sorry folks, to be really dopey. You just don't know what you're talking about. And I really do appreciate Father Anthony sending that in because I'm not explaining this well either. That's my job. If you all listen to me, hopefully you're going to learn something.
Starting point is 00:30:53 This is my entire job is to produce information for you. If I'm not clarifying stuff, that is my fault. And I am deeply sorry I did not explain that better. Number one, money flees overseas in the first place because corporate tax rates overseas are lower. Number two, even money that does flee cannot be spent over there. It has to come back and will come back when the corporate tax rates here are lower because then they'll chase the lower rates here. Make sense?
Starting point is 00:31:20 Yeah. Thank you. Well, we've talked about this a number of times as well. Yeah. Oh, gosh, repeatedly on the show the show i mean we have brought this up oh man so many times i i get you know i get it i get it how some people who are regular listeners are like but but this is this goes back to the heart of the argument i mean we opened up the show that folks when you understand these bigger ideological fights at 30 000 foot level-foot level, tax cuts haven't cost the government money.
Starting point is 00:31:47 U.S. dollars cannot be spent overseas. They have to come back, whether it's in the form of the Chinese buying debt, Chinese business owners buying U.S. products, sitting over there for a while until we lower rates. The arguments always work in our favor. One of the things that Democrats can never do is they can always invent the talking point, but they can never invent the truth. Ever. The truth is on our side, not theirs.
Starting point is 00:32:12 We own the truth. They own the focus groups. That's a fact. By the way, one quick note, kind of off topic. I like to break up the show once in a while so that I'm not constantly bombarding you with stuff. Give you a minute to digest all that. So I filled in for Hannity yesterday and Lauren's up there.
Starting point is 00:32:32 And I do the first segment of the show. And that's always the roughest one because you've got to set up the whole show. And I'm done. And Lauren's like, oh, my gosh, you can't do that anymore. I'm like, why? You know how on the podcast we do these? Joe, this will mean a lot to you because you're in the radio industry. You know we do these pregnant why you know how on the podcast we do these and joe this will mean a lot because you're in the radio industry you know we do these pregnant pauses a lot on the podcast
Starting point is 00:32:49 just like that yeah um i do them on the podcast one because i talk fast and i want to give you time to process the information but two because i want you know i don't do it for so much for effect it's just how i think you know i want to give you time to think about it. And I want to think about it too and let that stew a bit. She's like, she goes, one time you paused for like four or five seconds. And what do you think? I mean, for production, what do you think she was thinking? She thinks the connection went down.
Starting point is 00:33:19 So she's like, you had the engineers here freaking out. So just kind of a funny like inside base. You know what I'm talking about, right, Joe? I sure do, yeah. Like when you're with Chuck, if Chuck is the traffic guy at Joe's station. If Chuck doesn't say anything for four seconds, Joe's going, guys, guys, four seconds in eternity.
Starting point is 00:33:34 Where's Chuck? The connection go down? So she's like, don't do that. And I was like, oh man, I'm so sorry. But sometimes when you're podcasting, you forget that this is not, me and Joe don't have to worry about the connection. There's no connection.
Starting point is 00:33:49 So that's not a problem at all. Yeah, that was just a funny tidbit. All right. Today's show also brought to you by our buddies at Brickhouse Nutrition. Hold on. I got to pull this up, this label, because I am absolutely in love with this new product. Seriously, it's the greatest thing ever. The product is called Feel the Greens. I almost screwed that one up. Here's a picture of the label of this stuff. And I bring this up because
Starting point is 00:34:10 I was using another fruit and vegetable powder before. And I found out from Miles, the owner of Brickhouse Nutrition, which I didn't know, and the doc when I was talking to him on the phone, because they have fantastic product designers who are deeply embedded in the medical and science field over at Brickhouse Nutrition. These guys are on the cutting edge of everything. They have foundation, dawn to dusk, amazing products. But I think Field of Greens is going to turn out to be their best seller ever. There are a lot of fruit and vegetable powders out there.
Starting point is 00:34:41 You probably heard some of the commercials, and that's fine. But a lot of them, folks, are based on just concentrated garbage stuff. This is actual ground up food, like actual food. Let me read to you some of this stuff. And folks, let's be honest. Do you have time to eat all this stuff every day? Do you have time to go out and what they say, like eat from the rainbow, an orange, a blueberry, a red apple. Do you have time? That's what you're supposed to be doing. These chemicals are going to dramatically increase your health and well-being.
Starting point is 00:35:11 These micronutrients, these macronutrients. Nobody disputes the fact that fruits and vegetables are good for your health. Nobody. No sensible person. But let's be honest. We don't do it. Here's some of the ingredients. Joe, by the way, have you got this yet from Miles?
Starting point is 00:35:24 You haven't, right? No. Miles, if you're listening, please send some to Joe. Folks, I know you're thinking too, like, oh gosh, fruit and vegetable powder, that's got to taste horrible. Try it. Try it. It is terrific.
Starting point is 00:35:35 It's got like a berry taste to it. Here's just some of the stuff. Here's the greens. Spinach powder, parsley powder, kale powder, barley grass powder, wheatgrass powder, spirulina, chlorella powder, green pepper, apple powder. It goes on. Joe, do you have time to eat all that? You don't even know what half that stuff is.
Starting point is 00:35:53 This is good. He does. Joe's a smart guy. I'm just messing with you. Prebiotics in there. Here's the fruit blend. Strawberries, organic raspberry, organic blueberry, organic tart cherry, organic pomegranate, organic cranberry, and organic beet, metabolic blend, organic ginger powder, organic licorice
Starting point is 00:36:10 powder. Folks, come on. Where do you think you're going to get all that? If you want shopping in the store for all that, you'd be gone for five hours. What are you going to do? You're going to grind it up? The answer is no. Brickhouse Nutrition's already done it for you. Now, here's my blend because I really like this stuff. But you can put it in whatever you want. Orange juice. You want to put it in cranberry juice. You want to put it in water.
Starting point is 00:36:30 You want to put it in your oatmeal. Whatever you want to do. Knock yourself out. I put it in a mixture of super strong green tea, V8, and I mix that in there and I put a little collagen powder. I call it my long life cocktail. I love it. It is awesome. And it's good it tastes good
Starting point is 00:36:46 it tastes joe i'm you know what you taste you get a lot of the cherry and a lot of the licorice in there okay it is it's it's the powder's green though because it's a lot a lot a lot of green in there a lot of green uh phytochemicals and stuff like that but this is good good stuff folks please go pick it up miles if you listen I need more too because my wife and I are crushing it. I'm drinking it twice a day. It's called Field of Greens. It's available here at brickhousenutrition.com slash Dan. That's brickhousenutrition.com slash Dan. Go try it out, Field of Greens. The stuff is terrific. All right. I spent so much time in that first topic. I had four more topics I wanted to get to. I'm not sure which one we should cover
Starting point is 00:37:25 next. I usually label them. I'll tell you this though, just to kind of preface tomorrow's show. There is a story I'm going to talk about tomorrow, an article written by a guy named Rick Logis, or Logis, forgive me, I don't know how to say his last name. It was sent in by a listener about why Democrat policies fail. I know that's a bland, milk-toast title. Spectacular piece. Spectacular. I may include it in today's and tomorrow's show notes, but I got to talk about it because it requires a...
Starting point is 00:37:56 This one cannot be done in 15 minutes. It's so good. All right, let's get to this other one. I'm still getting emails about this net neutrality thing. And when I was hosting for Hannity yesterday, I had a caller. And the core of what the caller was trying to say, he actually hung up before he got on the air, but when you're doing radio, they put in a little summary, as Joe knows, of what the caller's going to talk about. So you're not just blindsided like, hey, Joe, what do you want to talk about?
Starting point is 00:38:23 I want to talk about ninjas. What? The show's about obamacare so in the in the call box it said uh caller says you're wrong about net neutrality you know government has to get involved because internet service providers could if they don't internet service providers can block content okay again let's folks let's do reason now in the caller's defense, he hung up, so he doesn't get to defend himself. But too bad, he hung up. That's his problem. I made the point yesterday, and I'll make today. So you're arguing to me, as a liberal or some conservatives even who support this net neutrality scam,
Starting point is 00:38:57 that if the government doesn't regulate the internet, that the internet service providers, people who literally provide the connections to your house, can block access to websites, right? That's been out there over and over. That's what the caller said. I've gotten, I don't know, 25, 30 emails from people, Dan, you're crazy. These ISPs, these internet service providers are going to control the internet. They're going to block access. What if they block access to a Republican website? Ah, the world is going to end. Folks, boy, here's one of those pregnant pauses. Lauren's not like, she listens to my podcast.
Starting point is 00:39:35 She's not liking this even right now. The article in the Wall Street Journal today, I'm going to put it in the show notes and people hate it because it's probably subscriber only. But regardless, you can read the first couple paragraphs for free. It is, it's, it's incredible. I will give to you the information in case you can't read it. Here it is it's probably subscriber only. But regardless, you can read the first couple paragraphs for free. It's incredible. I will give to you the information in case you can't read it. Here it is. Here's the takeaway.
Starting point is 00:39:50 So again, your premise is that internet service providers are going to block websites. Folks, who's really blocking access out there? You sure it's the ISPs? Let me throw some numbers out to you about content providers and Google. Joe, Facebook and Google, ad revenue, right? Ad revenue. In other words, people who advertise in the internet. What percentage outside of China, forgetting China for a minute because their internet is controlled.
Starting point is 00:40:19 Outside of China, what percentage of ad revenue do you think Facebook and Google vacuum up? Holy cow. Would you say 50%? I was going to say 60. I would say no, but you're close. 84%. So just to be clear, folks, now you may say, well, where's this going? Just roll with me for a second, folks, or I can roll with me for a few moments here, right? So Google and Facebook currently, I'm not attacking them, I'm just giving you the numbers, outside of China, currently vacuum up 84% of all ad revenue
Starting point is 00:40:54 on the interwebs, as Steven Crowder calls it, on the internet, right? Just joking. That's a pretty big number. I would almost call that, if I was a liberal, a monopoly. But I'm not a liberal, so I don't believe in monopolies. Liberals do. Second number.
Starting point is 00:41:11 Google. What percentage of online searches do you think are run through Google? Would you say 50%, 70%, or 90%? I'd say 90. You would be right. Ding, ding, ding. Joe is right again. He's on a roll.
Starting point is 00:41:26 He's like 10 for 10 this week. Google currently vacuums up 90% of online searches. For the liberals out there, that means nine out of 10 people are searching online using Google. 90 out of 100. That's a lot. 900,000 out of a million.
Starting point is 00:41:43 That's a whole lot. Finally, from the Wall Street Journal piece Facebook this is where the let me just preface this last statistic here so now we've set up near monopolies using liberal terminology and their own arguments on ad revenue
Starting point is 00:41:58 monopolies on web searches this is where the zinger comes in so the liberals big beef is that the internet service providers joe they're the ones who are going to block content you're gonna die they're gonna block content to the local hospital and you are gonna die thousands of americans would die play that again thousands of americans would die uncle bernie never gets old right that's real joe didn't edit that i mean we but that's a real statement for bernie's dead i who even and the funny thing is joe i know we i gave you that cut but i really have no idea what that's about
Starting point is 00:42:37 obamacare attack because you're gonna die with everything for all i know bernie could have been talking to play it again net neutrality bernie what's your answer thousands of americans would die bernie on taxes what's gonna happen? Thousands of Americans would die. Bernie on taxes. What's going to happen? Thousands of Americans would die. Bernie on Obamacare. What's going to happen? Thousands of Americans would die.
Starting point is 00:42:52 On school choice. Bernie, what's going to happen? Thousands of Americans would die. On regulations. Bernie, what's going to happen? Thousands of Americans would die. On the waters of the United States rule, Bernie, what's going to happen? Thousands of Americans would die.
Starting point is 00:43:03 Of course, that's what's going to happen. That's how it's going to roll. So yes, the sad thing is I have no idea what he was actually talking about because thousands of Americans will die for everything. But here's the kicker on this one. The net neutrality beef is that you're going to die and that ISPs are going to block traffic. Here's the final statistic, right? Facebook, Joe, YouTube, Here's the final statistic, right? Facebook, Joe, YouTube, Twitter, and Instagram. What percentage of people would you say exclusively get their news from Facebook, YouTube, Twitter, and Instagram? Would you say 50%?
Starting point is 00:43:39 No. Would you say 70% or would you say 95%? I would have said 70. You would have. And you'd be wrong. It's 95%! 95% of people that what you would call a complete monopoly get their news
Starting point is 00:43:57 from Facebook, YouTube, Twitter, and Instagram websites. I'm not criticizing them. I'm a free marketeer. Don't take this the wrong way. Twitter, Facebook, YouTube, Instagram, you're free to do whatever you want. But the point of the matter, Joe, is they are controlling what you
Starting point is 00:44:14 see, not the ISPs. What's wrong with you? That's staggering, man. That is. I know you were giving me an honest answer, but usually when Joe and I mess around, Joe knows what I'm talking about. the audience may not get this but joe knows when to answer wrong and when to answer right like he'll answer wrong sometimes intentionally because it's funny and then he'll answer right he was i'm telling you he was trying to give the right
Starting point is 00:44:36 answer i was yeah he was not like jerking around for effect the funny thing is i even set him up and he still gave the wrong answer and i guarantee you 99% of Americans would say the same thing. No way. 95%. No, that's the number. 95% of people get their news almost exclusively, I should say, from Facebook, YouTube, Twitter, and Instagram. That is staggering. And you're worried about ISPs blocking content?
Starting point is 00:45:03 Folks, Facebook blocks content right now. There was a big scandal over that Republican Congresswoman, Marsha Blackburn, who ran that political ad that talked about Planned Parenthood. Folks, Google it. You think I'm making this up? That's a joke, right? Google it. Google it. 90% of you will using Google.
Starting point is 00:45:24 I'm not trying to be funny. This is a joke, right? Google it. Google it. 90% of you will using Google. I'm not trying to be funny. This is a fact, right? Google it. Marsha Blackburn's political ad about Planned Parenthood was banned by Twitter. So liberals, let me just wrap this up because we got to run. I'm simply trying to suggest to you that
Starting point is 00:45:41 again, your arguments are not supported at all by what's actually going on you can't show us any actual cases of blocked content through isps that were not retail wholesale disputes or no less some epidemic of it but i can show you right now non-isps blocking content who own the market on content and the money generated from it right now. And yet you have nothing to say about that. Folks, that makes you either a glowing hypocrite, like radioactive glowing, like Slimer from Ghostbusters, or it makes you a liar. I'm sorry.
Starting point is 00:46:23 There is no third option. I'm just asking you to tell people the truth. If your premise here is you would prefer government to run and control and regulate the internet, just say it. But don't lie to us about how this is all about ISPs who are blocking content when you know that's not true,
Starting point is 00:46:45 that the content control is coming from content creators. It has very little, if anything, to do with ISPs. Don't be a phony. All right, folks, please don't miss tomorrow's show. Really, this is a day. And thank you to the listeners who sent it in. It's going to be a really good piece. I'm going to cover it. It's going to open, really, really open your eyes about hard, uncomfortable facts about just how awful Democrat policies have been for a large swath of Americans. It's a great piece. All right, folks, I'll see you all tomorrow. Thanks for tuning in. You just heard the Dan Bongino Show. Get more of Dan online anytime at conservativereview.com. You can also get Dan's podcasts on iTunes or SoundCloud.
Starting point is 00:47:26 And follow Dan on Twitter 24-7 at DBongino.

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