It's All Crap!

Summary

Armstrong & Getty On Demand

Episode: "It's All Crap!"

Date: November 5, 2025
Hosts: Jack Armstrong & Joe Getty

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Episode Overview

In this episode, Jack Armstrong and Joe Getty deliver a spirited, skeptical takedown of the emerging hard-left politics gaining traction in American cities, particularly focusing on the recent victory speech of Zoran Mamdani, labeled by some as a "communist" mayor in New York. The show explores the history and radical evolution of the Democratic Socialists of America (DSA), debates the risks of far-left governance, and laments the loss of traditional fiscal conservatism—all with their trademark sarcasm and wit. The episode then pivots sharply to lighter fare, including unusual sandwich combinations and a tale of miraculous survival in the wilderness, before closing with existential dread about economic collapse and the uncertain realignment of American politics.

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Key Discussion Points & Insights

1. Zoran Mamdani's Victory & The "New" Left

[03:45 – 14:20]

• Opening with Mamdani’s Speech: Jack shares a portion of Zoran Mamdani’s victory speech, where Mamdani lists a diverse coalition of supporters and unapologetically states his identity as a young, Muslim democratic socialist.

• Joe’s Analysis:

  • Marxist Evolution: Joe argues Mamdani represents a dangerous shift, noting "he is a fabulous, talented populist, and a Marxist and Islamist and incredibly dangerous. But he's skilled." ([04:17])
  • Criticism of Coalition Politics: Joe and Jack suggest that while diversity is embraced rhetorically, the economic engine (taxpaying professionals) is overlooked.

• The Shift Within DSA:

  • Joe outlines how the DSA, once moderate and pragmatic, is now dominated by radicals. He quotes Maurice Isserman, a DSA founder, who left after the group "failed to condemn Hamas for October 7th, but celebrated it." ([09:00])
  • The new DSA is described as "hard core Marxist Leninists and they're proud of it. They don't hide it." ([10:45])

• Memorable Quote:

  • Joe: "We think, come on, those people will never get over. It'll never happen here. They'll come and they'll go, this is a fad. It'll be fine." ([11:21])
  • Jack: "George Will was writing about this... every generation or so you have to reteach people that socialism doesn't work. We are the best example of free market self governance in world history." ([11:42])

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2. Ideological Realignment and the Dangers of Complacency

[14:00 – 16:20]

• Youth and Socialism:

  • The hosts express concern about rising rates of young people identifying as socialists and the historic tendency to dismiss these movements as fleeting.

• Joe’s Warning:

  • “The further we let it go, it's like a disease, an infection. The more painful it will be to beat it back.” ([13:32])

• Overconfidence in the System:

  • Both hosts warn that assuming the American system is immune to radical change blinds citizens to slow-moving, but profound, shifts in power.

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3. Old Socialism Excuses & Historical Amnesia

[14:00 – 16:20]

• Jack on the Excuses of Socialism:

  • “Socialism is built on the excuse ...‘they didn’t let us do it our way.’ ...We got 98% of it. But that last 2%—that was the 2% that mattered. So let’s try it again.” ([14:00])

• Election Trends:

  • The conversation touches on current elections where socialist and Marxist-leaning candidates hold serious sway, including Minneapolis.

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4. Skepticism toward Victimhood Narratives & Modern Political Theater

[15:33 – 16:20]

• Mamdani’s Claims to Victimhood:

  • Jack and Joe sarcastically dismiss Mamdani’s claims of overcoming adversity ("against all odds"), pointing out he won by a huge margin and that New York elected a Muslim mayor handily.

• Quote:

  • Jack: “You live in such a Islamophobic city. They elected an unqualified Muslim as mayor. That's how Islamophobic New York is.” ([15:33])

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5. Survival Story and Satirical Tech Musings

[20:11 – 24:04]

• 20 Day Survival Story:

  • The hosts discuss a man’s miraculous survival in the woods, while expressing skepticism about his survival choices and using the story to riff on new satellite phone technology for emergencies (“Find a satellite and it tells you which direction to point...Anywhere on the planet. …You can text anybody.” —Jack [23:01]).

• Humorous Asides:

  • Joe: “Communists are taking over the country, but the technology is pretty cool.” ([23:11])
  • This segment provides comic relief and highlights their lighthearted approach amid the gloom.

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6. Economic Doomspiral & Vulnerability in the Digital Age

[30:21 – 35:34]

• Supreme Court & Presidential Tariff Power:

  • Discussion of Neil Katyal’s Supreme Court argument over whether the president has unchecked authority to impose tariffs, with both hosts agreeing these justifications are often retrofitted for political expediency.

• Debt & Investment Crisis:

  • Insight from an economic podcast: If the U.S. is ever no longer the safest place to invest, it’s time to buy “bullets and food”—not invest elsewhere.
  • Jack: “That's the level of crisis we'd be talking about if we ever aren't the best place to park your money.” ([31:44])

• Tech Vulnerability:

  • Joe worries about a scenario where Chinese hackers wipe out the financial system, rendering all digital money inaccessible.
  • Joe: "Where's your money? ...unless you got gold bars buried in your backyard. China has already hacked into our various financial systems..." ([32:58])

• Societal Fragility Compared to the 1930s:

  • Jack notes the shift away from self-sufficiency: "It's something like 40% of people made their living something adjacent to farming. Now it's 0.3%... As soon as the shelves go bare ...I can't feed myself." ([35:00])

• Dark Humor:

  • Jack: “Yeah, and so as soon as the shelves go bare...I can't feed myself."
  • Joe: “We both get in the gym and stuff, but I’m not sure I’m hearty enough for the apocalypse. Cannibalism. …I am delicious.” ([35:34])

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7. Political Realignment & the State of Healthcare

[38:02 – 46:21]

• Marjorie Taylor Greene on The View:

  • Surprising bipartisan populism: MTG appeared to endorse single-payer healthcare based on personal experience.
  • Jack: “A Republican, one of the more popular, one of the most MAGA Republican congresspeople in America wants to go single health care. So where are we?” ([43:09])

• Left-Right Distinctions Blurring:

  • Bill Kristol—a major conservative pundit—declares he’d vote for Mamdani, revealing how “Trump derangement” has realigned priorities for some.
  • Jack: “I don't know where we are ...the whole left right thing is going to break down completely and maybe it should.” ([44:08])

• Healthcare Woes:

  • Joe laments: "Crony capitalism has ruined it. The idea that we are in the mess we're in because of the free market is the opposite of the truth. …It's so discouraging." ([44:48])

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8. Final Thoughts: Cynicism, Candy, and Limited Government

[46:21 – 48:47]

• Joe’s Core Principle:

  • "This is why you want limited government. Because once unlimited government takes hold, the power and complexity of it is impossible to undo." ([47:34])

• Comic Relief:

  • Michael Angelo contemplates bartering personal belongings after economic collapse; Katie Green jokes about bidets.

• Jack indulges:

  • “I've eaten more candy in the last four days than I had in the previous year...I just can't walk by a bag of Hershey Kisses and not pop one in my mouth.” ([48:24])

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Notable Quotes (with Timestamps)

• Joe Getty:

  • “He is a fabulous, talented populist, and a Marxist and Islamist and incredibly dangerous.” ([04:17])
  • "As Margaret Thatcher reminded us, sooner or later you run out of other people's money to spend." ([04:40])
  • "It’s all crap. So what brand of crap it is? I just. I run out of patience." ([07:08])
  • “They control a majority of the votes ...there’s this real tension... between pragmatic means and people who are these purists who believe they're going to start a vanguard and have a revolution.” ([08:40])
  • "We are gonna reap what we sowed. Wake up, friends." ([12:27])
  • "The further we let it go, it's like a disease...the more painful it will be to beat it back." ([13:32])
  • "Hard core Marxist Leninists ...they don't hide it. They tell you what they are." ([10:45])
  • “This is why you want limited government. Because once unlimited government takes hold, the power and complexity of it is impossible to undo.” ([47:34])

• Jack Armstrong:

  • "While it's nice you want to stand up for that crowd you just mentioned, you also need the kind of regular makes a lot of money taxpayer to fund everything." ([04:25])
  • “Socialism is built on the excuse ...‘they didn’t let us do it our way.’ So let’s try it again.” ([14:00])
  • "It's something like 40% of people made their living something adjacent to farming. Now it's 0.3%...I can't feed myself." ([35:00])
  • "A Republican, one of the more popular ...MAGA Republican congresspeople in America wants to go single health care. So where are we?" ([43:09])
  • "I just can't walk by a bag of Hershey Kisses and not pop one in my mouth." ([48:24])

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Important Segments & Timestamps

• Mamdani’s Speech and DSA Analysis: [03:45 – 14:20]
• Complacency and Danger of Radical Shifts: [11:21 – 16:20]
• Wilderness Survival Story & Tech: [20:11 – 24:04]
• Tariff Power Supreme Court Case: [28:26 – 36:44]
• Economic Collapse Scenario: [32:58 – 35:34]
• Populism & Political Realignment: [38:02 – 46:21]
• Final Thoughts—Cynicism and Looming Realignment: [47:10 – 48:47]

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Conclusion

This episode is a blend of sharp historical and political critique, urgent warnings about ideological drift, and the wry, sardonic humor Armstrong & Getty are known for. While the show is rooted in conservative skepticism of socialism and populism, the hosts also express disillusionment with the lack of genuine free-market arguments on either side and bemoan the state of American discourse, all while maintaining an accessible, conversational tone that veers from serious to silly.

For listeners seeking insight into the current state of American political realignment—with historical context and a fair dose of satire—"It's All Crap!" is quintessential Armstrong & Getty.

Transcript

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[Joe Getty]

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[Jack Armstrong]

Studio at the George Washington Broadcast Center.

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Jack Armstrong and Joe Getty.

[Joe Getty]

Armstrong and Getty. And now here's Armstrong and Getty. Thank you to those so often forgotten.

[Jack Armstrong]

By the politics of our city, who made this movement their own. I speak of Yemeni bodega owners and Mexican abuelas, Senegalese taxi drivers and Uzbek nurses, Trinidadian line cooks and Ethiopian aunties. Yes, aunties. That's some pretty good smack right there.

[Joe Getty]

Oh, yeah, yeah. He is a fabulous, talented populist and a Marxist and Islamist and incredibly dangerous. But he's skilled.

[Jack Armstrong]

Well, yeah. And one of the problems with that, and while it's nice that you want to stand up for that crowd you just mentioned, you also need the kind of regular makes a lot of money taxpayer to fund everything. And if they decide, hey, you ain't, you ain't helping me in any way there. They're outsy.

[Joe Getty]

As Margaret Thatcher reminded us, sooner or later you run out of other people's money to spend. So that's Zoran Mamdani, obviously. His victory speech in New York City last night. I'm reminded of the the great transition Marxism made after the whole workers of the world unite. Think failed. Excuse me. It failed completely because the workers of the world were like, I kind of have a good deal. I'm up for shop foreman, I'm making a decent living and blah, blah, blah. So communism failed to spread. And so it became. I won't bore you with the details, but it became outsiders of the world, unite. Sexual outsiders, immigrants, ethnic outsiders. That's why he went through that long list. I'm with you. We're going to overthrow the evil system. Anyway, so one more chunk of his speech.

[Jack Armstrong]

I still think it's interesting that Bill Maher referred to him as a communist on his HBO show Friday Night.

[Joe Getty]

Yeah, I think it's probably true.

[Jack Armstrong]

Bill Maher grew up in New York and is a lifelong Democrat and voted for Kamala Harris. That Bill Maher refers to Mamdani as a communist.

[Joe Getty]

Here is a key moment from his speech last night.

[Jack Armstrong]

After all, the conventional wisdom would tell you that I am far from the perfect candidate. I am young, despite my best efforts to grow older. I am Muslim. I am a democratic socialist. And most damning of all, I refuse to apologize for any of this.

[Joe Getty]

Nobody's asked you to apologize for being Muslim, per se. So when the Democratic Socialists of America, and he pledges his loyalty to them, were founded in 1982, is by this guy by the name of Michael Harrington, who was a public intellectual, he was an organizer. And the democratic part of it was really important. He was anti communist and pro Israel for his entire life. And while he opened the doors of the DSA to Leninists, Marxists, Trotskyists and other aging radicals, the official line of the DSA was pretty comparable to like a Ted Kennedy OR A George McGovern. Just a left lefty of the past.

[Jack Armstrong]

I've never been able to wrap my head around Trotskyism versus Leninism versus whatever. And I've tried a bunch of times.

[Joe Getty]

Yeah, yeah. I just. It's all crap. So what brand of crap it is? I just. I run out of patience. But. So, for instance, the DSA wanted to raise the minimum wage, a bad idea, nationalize health insurance. They weren't openly calling for the proletariat. Seize the means of production, et cetera. And Eli Lake in the Free Press points out that now the DSA is a very, very different beast than what Harrington founded in 1982. Today, the DSA is run by activists enamored with the authoritarian left. Its comrades attend talks at the Cuban Mission to the United nations to hear from the regime's deputy foreign minister. Its national program calls for a new constitution that replaces the House and Senate with a single federal legislature and places, quote, workers in charge of the government.

[Jack Armstrong]

What the hell does that mean?

[Joe Getty]

Well, it reminds me of dei. We want diversity. What does that mean? It means people who think exactly what we mean, think exactly what we think, and will claim it's about race because Americans are afraid to be racist. But it's entirely ideological. You name a time. They brought in a black conservative to some DEI program. It'll never, ever happen. It's a canard. It's a head fake anyway. The DSA supports prison abolition, literally emptying the prisons and police defunding don't even.

[Jack Armstrong]

Know how to respond to that. You don't believe in jail. Okay.

[Joe Getty]

Last year, the DSA signed onto an open letter respecting the rigged election in Venezuela, even after virtually every independent observer and Latin American governments said its dictator Nicolas Maduro had stolen it. DSA former member Jake Altman was interviewed for the Breaking History podcast and he said, quote, it's very clear that these Trotskyist groups, these Marxist Leninist groups, these Maoist groups, they're a voting block in the national organization. They control a majority of the votes. So there's this real tension between the people who have more pragmatic means and people who are these purists who believe they're going to start a vanguard party and have a revolution. This time around, the DSA is about to win the biggest election in history at the very moment the party itself has been hijacked by illiberal revolutionaries who literally display hammers and sickles in their social media profiles the way edgelord white nationalists bear swastikas. Maurice Isserman, an original member of the DSA who quit two years ago after the party not only failed to condemn Hamas for October 7th, but celebrated it. He describes these new articles as entryists. In a blistering essay for The Nation in 2023, and the Nation is a lefty publication, he wrote that these radical caucuses achieved an effective majority inside the DSA in August 23 and have been consolidating power ever since. The radicals, he wrote, quote, believed that DSA members elected to public office were first and foremost obliged to follow the positions adopted by the organization, rather than that their constituents or their own conscience, as if they were already subordinate to the dictates of an old fashioned Marxist Leninist Central Committee. One DSA messaging kit after October 7th highlighted the new radicalism. Quote, resistance comes in all forms. Armed struggle, general strikes and popular demonstrations. Not only do they not, you know, decry political violence, they call for it. Responses like this led Isserman and a handful of other DSA members to resign in protest. Among them comedian Sarah Silverman, who posted on Instagram all caps fu, you're not real democratic socialists and you sure as f aren't liberal anyway. They are hard core Marxist Leninists and they're proud of it. They don't hide it. They tell you what they are, they tell you who they are and they tell you what they they're trying to do.

[Jack Armstrong]

And first words, first words out of his mouth last night were from Eugene Debs, the most successful socialist in American history. That wasn't an accident. He had written. He knew he was going to win and he wrote his speech.

[Joe Getty]

Right. And we have this weird laziness defense mechanism. What is it, Jack? You can tell me what it is that in the U.S. we think, come on, those people will never get over. It'll never happen here. They'll, they'll come and they'll go, this is a fad. It'll be fine.

[Jack Armstrong]

Yeah. George Will was writing about this in the Washington Post. About how every generation or so you have to reteach people, that socialism doesn't work. It is. It is interesting that because we are the best example in world history of free market self governance working. We just assume that everybody gets it by looking around. We've got the highest standard of living anybody's ever had in world history.

[Joe Getty]

What do you mean, you hate your own country or.

[Jack Armstrong]

What do you mean, you want to change systems?

[Joe Getty]

Right, Right. You know, I just did a long read about both Cambodia and Somalia. How the promises of socialism turned into communist totalitarianism and the horrors that followed. And we're made of much, much stronger stuff than those place. I'm not claiming we're like a teetering little brand new republic that's had one election under its belt, but that kind of, that overconfidence that leads us to, for instance, let the radical left educate our children for a few generations and think, yeah, that's not good. But I'm not gonna worry about it. I'm not gonna go to a school board meeting. It's not that big a deal. I'm telling you, we are gonna reap what we sowed. Wake up, friends. Michael, isn't it time to play the Joe Getty Cold Warrior sound? I mean, come on, Cold Warrior. And I hate to undermine my own point with humor, but this is not the, the paranoid ramblings of a. A crazy old guy. This is so well documented over and over in history how these movements get power and how they exploit it. I'm trying to tell you it can happen here. It'll be a hell of a battle, but. And they won't get over like Cambodia. But what I'm saying is the further we let it go, it's like a disease, an infection. The further we let it go, the more painful it will be to beat it back. Maybe that's the rallying cry.

[Jack Armstrong]

The hope, of course, is that he's going to be the bad example, a good example of a bad result and display for the whole country on the biggest stage why this doesn't work. Hopefully that's what happens?

[Joe Getty]

Yeah, the problem is, and we talked about this at length yesterday, if you didn't get it, subscribe to the podcast Armstrong and Getty on Demand is that socialism is built on the excuse of no, they didn't let us do it the our way. They didn't let it just do it completely. The money guys in New York stopped what could have been the revolution, blah blah, blah. And the Dewey eyed dumbass youngsters will say, yeah, yeah, we didn't really get to try it. We got 98% of it. But that last 2%, that was the 2% that mattered. So let's try it again.

[Jack Armstrong]

So, and then you could end up with a. Since 40% of the young people identified themselves as socialists last night, then you end up with something like 70% of young people identifying them and you got a big enough number of voters. It's not just the mayor, it's the whole city council and you know, hands, handful of state representatives. And you actually start to get some power, right, to do some things.

[Joe Getty]

And they do have that increasingly like the how did the election go in Minneapolis where that Marxist Somali refugee was running for mayor?

[Jack Armstrong]

They were still counting. They were still counting as of this morning in both of those races.

[Joe Getty]

Yeah. And there are a couple other socialists running out. It's definitely a tide that is trickling in.

[Jack Armstrong]

Heck of a thing. Irma Gerd will be fun to watch.

[Joe Getty]

The American experiment has gone so beautifully. We've decided nothing can ever threaten it.

[Jack Armstrong]

And we gotta take a break. But you know a week or so ago when he was talking about his auntie who's afraid to wear a hijab on New York. You live in such a Islamophobic city. They elected an unqualified Muslim as mayor. That's how Islamophobic New York is. You're standing up in front of a cheering crowd. You won by 24, 25 points. And claiming that you overcame. He actually said we don't have this in one of. He actually said against all odds. Against all odds. You were 25 points ahead the entire race.

[Joe Getty]

You ran against an elderly groping crook.

[Jack Armstrong]

Where's the against all odds part?

[Joe Getty]

And all the dewy eyed kids slap it all up.

[Jack Armstrong]

Yeah.

[Joe Getty]

Yes. We did it. We did it. Against all odds.

[Jack Armstrong]

Any thoughts on any of that? Our text line 415295 KFTC Armstrong and Getty.

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[Joe Getty]

Woods that Ron Daly knew well until.

[Jack Armstrong]

One wrong turn and when I went down this hill, I'm going, oh God, this ain't good. And in about three o' clock it started snowing.

[Joe Getty]

No way out, no way to communicate and almost no supply size.

[Jack Armstrong]

And I had 14 bottles of water, about 900 calories worth of food with me.

[Joe Getty]

Weeks passed and all daily had left was his faith. Then on day 20, God woke me.

[Jack Armstrong]

Up at 6:45 Saturday morning. He goes, ron, get your boots on, let's go walking.

[Joe Getty]

Daily calls what happened next? A miracle.

[Jack Armstrong]

And they start yelling my name and they drove up to me. It was just phenomenal. Three great men and they, they saved my life. Okay, we're still missing some details here. So he's older than I was picturing from the sound of it. We did this story yesterday. The guy is stranded out in the woods for three weeks.

[Joe Getty]

Yeah, 20 days.

[Jack Armstrong]

That's a long time. And my first. And it didn't leave his spot it seems. And my first question was, why didn't you start walking the road? You couldn't get your car out but walk straight back out the way you came in. I mean, three weeks is a long time.

[Joe Getty]

Yeah, I'd have to know where, what sort of terrain he was in. He was at the bottom of the hill because he couldn't get back up it. What made him think staying there was a good strategy? If he was an experienced woodsman, maybe he has an explanation. But I'd like to know what it is. From, from the looks of it, it looked kind of like a rock quarry really off, like off balance terrain. It was snowing and he's, he's 65 years old. Oh, I'm gonna stay here in this hole. Yeah. I don't know. I don't love that as a strategy. I wasn't there. I'm not trying to be smug. I just don't get it. I mean, you don't necessarily want to wander off into the cold and snow either, but you gotta. Three weeks. What are my chances of being seen here? Down in this hole?

[Jack Armstrong]

They have a cell phone.

[Joe Getty]

Sounds like they didn't because he. They said he had no way of communicating. Well, yeah, there are plenty of places out there in the wilds where a cell phone might as well be.

[Jack Armstrong]

Oh, don't you have. Don't you have the.

[Joe Getty]

If you got another satellite call.

[Jack Armstrong]

Yeah. If you got a newer cell phone anywhere on planet Earth, you just find the satellite in the sky and you can text people. I do it all the time.

[Joe Getty]

Maybe he didn't know, maybe he didn't. Satellite in the sky. How do you do that? Do you go up into the sky looking for it?

[Jack Armstrong]

Okay, what are.

[Joe Getty]

I'm just gonna keep yelling and prevent you from explaining yourself.

[Jack Armstrong]

I thought everybody had used this technology.

[Joe Getty]

It's amazing.

[Jack Armstrong]

Explains it to you. On your phone, it says, no cell service. Find a satellite and it tells you which direction to point. And it shows the satellites, it says, lock onto that one.

[Joe Getty]

And you just point your phone that way.

[Jack Armstrong]

Anywhere on the planet. You could be on the middle of the ocean. And then as soon as you lock onto that satellite, you can text anybody. Just like you got cell service. Yeah.

[Joe Getty]

What a great time to be alive. Communists are taking over the country, but the technology is pretty cool.

[Jack Armstrong]

Yeah, that's amazing. So, yeah, so, you know, if you're going to go off into the middle, I just. The three weeks, that is a long time. How long was he willing to wait since people showed up after three weeks? Was he just going to go ahead and starve death out there?

[Joe Getty]

I'm going to give this staying in a whole plan. I don't know, maybe three weeks. Nobody comes by. I'm gonna climb out of the hole.

[Jack Armstrong]

And take a walk.

[Joe Getty]

He's incredibly patient.

[Jack Armstrong]

Yes, that's what we should admire, his patience.

[Joe Getty]

Thinking three, four days in, I'm rubbing my chin, thinking, you know, maybe plan B. And hey, he had 14 bottles of water. That's pretty good. Most people don't just have 14 bottles of water on, you know, on them. Yeah, that was fortunate. Saved his life probably.

[Jack Armstrong]

Man, that's a long time. What do you do all day, every day? What's another song? I could whistle? Okay, we got more on the way. Stay here.

[Commercial Voice 2]

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[Jacob Goldstein]

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[Jacob Goldstein]

Holiday sandwiches including a ter hamkin, which.

[Joe Getty]

Is which is a combo of turkey, ham and chicken. The ter hamkin features three types of.

[Jacob Goldstein]

Meat, just like their tuna.

[Jack Armstrong]

For some reason yesterday I made a sandwich with some leftover tri tip and I didn't have very much. So I put a couple of slices of the last of my ham on top of it because I didn't have very much of that. And the combination of the two. Damn it, that was a good sandwich.

[Joe Getty]

How interesting. I don't know.

[Jack Armstrong]

So good.

[Joe Getty]

Combining the swine with the cow. Controversial.

[Jack Armstrong]

The whole barnyard.

[Joe Getty]

So Neil Cattel name for it. The Barnyard Sandwich. Back to you.

[Jack Armstrong]

I don't know the names of many high profile lawyers, but I do know this one. Neil Cattell, he is he, he represents whoever will hire him, all kinds of different stuff. And he's just one of the best arguers in the world and he ends up in front of the Supreme Court all the time and has over some of the biggest issues of our lives. Even if you don't remember his name, he's in front of the Supreme Court today. I don't even know which side he's on. I suppose we'll be able to figure it out from the conversation. He he's in the Supreme Court today where they're trying to figure out whether or not Donald Trump actually does have the legal right to get into all these tariffs solely on his order. Let's listen to a little from the oral arguments going forward. The solution, they said in footnote 33 was to use section 122 of the 1974 Trade Act. 15%. 150 days. And we have no problem with the President doing that. It's just that this president has torn up the entire tariff architecture. You know, for example, he's tariffing Switzerland, one of our allies which we have a trade surplus 39%. That is just not something that any president has ever had the power to do in our history. And the idea that Congress by implication did this in 1977 and handed him all this power, I think is really difficult. Okay. So making the argument, well, that's, this has been true about the whole tariff thing from the beginning. Right. So they, they come up with what they think will be the rationale, kind of case by case. It's a fentanyl. Yeah, that's it. It's a national emergency. That's why. It's a trade imbalance. It's a trade imbalance that's a national emergency. Except for it's not here and it's just. And I guess I need the revenue or I've got a long held belief that we're such a dominant economy we can bend other people to our will, which I think is really it.

[Joe Getty]

Right. Yeah. We can strong arm a better deal and they will pay dearly to sell in our shopping mall. It's not an insane notion, it's just an unconstitutional one, in my opinion.

[Jack Armstrong]

So speaking of the economy, I was listening to a podcast about the economy the other day. It was actually the Dispatch podcast. And they, they got into the whole our current debt and $35 trillion or whatever the heck it is and how something that can't continue will end, as we all know, and what it's going to look like. Anyway, they got into the whole argument of we're, we're not as good a risk as we used to be on the world stage for people to invest their money in the United States, around the world. But the point being, if we're ever not the best pace to put your money where you put your money is not the issue. You need to not invest in like, you know, tech in Germany. You need to vest in bullets and food because everything has come off the rails in a way that the world has never seen.

[Joe Getty]

Ah.

[Jack Armstrong]

Which makes sense.

[Joe Getty]

I, I, Right, right. Yeah. Okay.

[Jack Armstrong]

That's the level of crisis we'd be talking about if we ever aren't the best place to park your money.

[Joe Getty]

Right. Wow. What an interesting insight.

[Jack Armstrong]

I'd say it is.

[Joe Getty]

Yeah, it rings true too.

[Jack Armstrong]

Yeesh. I hope that doesn't happen in my lifetime. There are a number of things I kind of am looking forward to happening in my lifetime, even if they're good. Like watching the whole young people are socialist thing play out. How's that gonna work?

[Joe Getty]

It's.

[Jack Armstrong]

It's gonna suck, I think. And I worry about where it's gonna go. But, man, I don't want the really bad. Everybody all of a sudden completely broken. You thought you had worked your whole life and saved and things were okay, and turns out you're not. I don't want to live through that. It's happened in many countries throughout history, including this one in the 30s.

[Joe Getty]

I don't even want to think about that.

[Jack Armstrong]

I don't either.

[Joe Getty]

It's too horrifying.

[Jack Armstrong]

Yes, it is.

[Joe Getty]

Here's one for you. No, I'm not even going to say it. It's too nightmarish. No, I can't.

[Jack Armstrong]

Wow, you've come up with a night. Does it include radiation and a lizard getting really tall and smashing buildings with its feet?

[Joe Getty]

How'd you know? In subway trains?

[Jack Armstrong]

Yeah.

[Joe Getty]

No, here it is. And I think about this more than I should. Where's. Where's your money? I'm asking everybody. It's held in this account, that account, unless you got gold bars buried in your backyard. China has already hacked into our various financial systems, and they just either wipe everybody's books clean or render it impossible to transfer funds electronically in any way for years.

[Jack Armstrong]

I don't know if it'd have to be years. I don't even know how many days it would have to be before things would get really crazy.

[Joe Getty]

I mean, we both. We and many, many folks listening have been working their entire lives and saving and doing the right things. But I don't know about you. My money is essentially being held in little zeros and ones.

[Jack Armstrong]

Sure. On a service systems.

[Joe Getty]

Right, Exactly. I can call up, you know, this and that, Charles Schwab or whoever's got, you know, this chunk of my money and say, hey, dudes, just last week you had X amount of my money. I need some of it now. And they're like, if it's not on this screen, you don't have it.

[Jack Armstrong]

Funny thing about that.

[Joe Getty]

Yeah, yeah, I hear what you're saying. And yet the Chinese have hacked into our computers. So I don't know if you got a hundred bucks or 100 million bucks. Good luck with that. Click.

[Jack Armstrong]

You think they'd hang up?

[Joe Getty]

Told you. Well, they're tired of taking calls from people like me. They're fed up.

[Jack Armstrong]

I don't know about years, but a guy.

[Jacob Goldstein]

If that.

[Jack Armstrong]

If that lasted a week. The panic you have in the country.

[Joe Getty]

Oh, what do you do? I mean, back in the 30s, you'd have a run on the bank. Literally, people would line up outside the bank and demand their money because they were afraid Their deposits wouldn't be there because of the way banks work. We all know that right now. What are you going to do? You're going to stand there screaming at your laptop, threatening with a ball bat, give me my money, you bastard.

[Jack Armstrong]

Start pounding on it.

[Joe Getty]

Go to their corporate headquarters and chant with a few of your friends, how.

[Jack Armstrong]

Much less prepared are we individually for a global catastrophe now than we were in 1929? Like, if you've read the Grapes of Wrath. I mean, it was obviously a very, very ugly situation, but I. I saw the numbers the other day. It's something like 40% of people made their living something adjacent to farming. Now it's 0.3% or something like that. I. I'm not raising any crops or animals currently. Yeah. And so as soon as the shelves go bare on the. On the store, which might be that afternoon in a global catastrophe, I can't feed myself.

[Joe Getty]

Yeah.

[Jack Armstrong]

Then that's where, you know, we've always thought this was coming.

[Joe Getty]

We both get in the gym and stuff, but I'm not sure I'm hearty enough for the apocalypse. Cannibalism.

[Jack Armstrong]

My life.

[Joe Getty]

Yeah, well, yeah, and I am delicious. Anyway, that's enough of that. I told you it was too horrifying to bring up. I wish I hadn't. So what would happen if the Supreme Court says, yeah, yeah, you can't just assign a 10% extra tariff on Canada because you're annoyed by a TV commercial? Please. What happens to all those trade deals? Some countries would almost certainly walk away from their agreements or renegotiate them. Some countries might think, you know, it's a decent enough deal. We'll see. President could go to Congress to say, hey, we gotta put these trade deals into law. So now that I don't have the power to just could, you know, declare them?

[Jack Armstrong]

Well, if they were, the president could.

[Joe Getty]

Also hire his lawyers to say, all right, claim you can do tariffs on this pretext. And it's possible the courts would let him for a while until the Supreme Court answers that question. Remember, the Supreme Court doesn't rule on cases. It settles questions.

[Jack Armstrong]

But there's also the issue, from what I've read that, like, Maybe you paid $5,000 extra for a new car than you would have if the tariffs didn't exist. You should get that money back. Well, who has it?

[Joe Getty]

Where'd it go?

[Jack Armstrong]

How does that whole thing get worked out?

[Joe Getty]

Chinese hacked into it. You can't get it anyway.

[Jack Armstrong]

Oh, boy, that'll be fun. Is there any chance the Supreme Court makes some sort of ruling where we're so far down the road of this it's so intermingled and complicated. We gotta. Nah, that that's a bad way to go to look at it.

[Joe Getty]

Yeah.

[Jack Armstrong]

You can't stick with a bad idea that was illegal just because you're too far down the road.

[Joe Getty]

Right. Be like Joe Biden saying, look, I've been running the graft game so long my entire family depends on it. You can't bust us now. And the court's saying yeah, all those.

[Jack Armstrong]

Gradually my son's walking around hotels naked with guns. I mean you got.

[Joe Getty]

Right. Right. Yeah, that's. That's unlikely. You know what I'd love to see it probably won't happen. But like a 90 ruling that looks Congress do your jobs. We'll give you four months to do your job. We've got a ruling here. It's all written out. It's in this folder. But Congress do something.

[Jack Armstrong]

Speaking of Congress, Marjorie Taylor Green is one of the best known Congress people in America. She is a Republican. She was on the View yesterday. She said some really interesting things. You think mom dummy might be remaking the Democratic Party? Is MTG going to remake what Republicans are all about? Trump might be with her and and saw Vivek Ramaswamy today talking about this populism. We'll hear a little of this coming up next.

[Commercial Voice 2]

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[Jacob Goldstein]

Jacob this is Jacob Goldstein from what's yous Problem? When you buy business software from lots of vendors, the costs add up and it gets complicated and confusing. Odoo solves this. It's a single company that sells a suite of enterprise apps that handles everything from accounting to inventory to sales. Odoo is all connected on a single platform in a simple and affordable way. You can save money without missing out on the features you need. Check out Odoo at o d o o.com that's o d o o.com as.

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[Jack Armstrong]

To play social casino void where prohibited. Visit spinquest.com for more details.

[Joe Getty]

I yelled at Mike Johnson last week on our GOP conference call. By the way, I'm missing the call today. It's going on right now and I.

[Jack Armstrong]

Hope that Mike Johnson is finally giving.

[Joe Getty]

A single healthcare policy because the country.

[Jack Armstrong]

Deserves it and it shouldn't be a.

[Joe Getty]

Secret and I shouldn't have to go into a skiff to go find our Republican health insurance plan.

[Commercial Voice]

There is no plan.

[Commercial Voice 2]

You know what?

[Joe Getty]

You want to know something that I.

[Jack Armstrong]

Believe is the truth?

[Joe Getty]

There's a lot of ideas, there's a lot of bills, but there's no consensus.

[Jack Armstrong]

And I think that's a failure. So Marjorie Taylor Greene was on the View where she was received very well because she agreed with a lot of their populist, the. What's the right term? I was going to say downtrodden. But the masses are getting screwed and need help from the government. Her whole thing around this shutdown in Obamacare comes from her two kids were about to get booted off the free Obamacare and have to start paying a lot more. And she thought that was wrong and it sounded like she didn't. She said single health care policy. That she means single payer health care policy. Yeah, that's what she meant as in she wants to go full government health care. A Republican, one of the more popular, one of the most MAGA Republican congresspeople in America wants to go single health care. So where are we?

[Joe Getty]

She, she has wandered far off the reservation, the MAGA reservation. I don't know what she is right now.

[Jack Armstrong]

Bill Crystal D. I don't know if you know who Bill Crystal is. You don't need to know who all these people are to live a perfectly happy life. But he used to run the Weekly Standard. His dad was Irving Crystal, one of the most important conservative thinkers in America in the entire 20th century. Bill Kristol said over the weekend he would vote for Mumdomy the socialist. So one of the most important conservative voices who since has gone to. He's a bulwark guy. Right. And I think he's a bulwark guy. Or is he a Lincoln? He's one of those groups that hates Trump.

[Joe Getty]

Loathsome either way.

[Jack Armstrong]

And so a guy that I watched my whole life on the Sunday talk show standing up for conservatism against the mainstream media and all the nut job liberals now says he would vote for the communist mayor of New York.

[Joe Getty]

Why? He lost his mind.

[Jack Armstrong]

I didn't, I didn't hear or read the why, but a lot of people were interested in the statement he made. But he's so anti Trump. I mean he's blinded by his hatred of Trump to all kinds of things in my opinion. But that combined with Marjorie Taylor Greene wanting to go single payer healthcare system. I don't know where we are. I don't know where things are. I don't, I don't know if the whole left right thing is going to break down completely and maybe it should. And we come up with a different kind of an alignment. I don't know what it would be.

[Joe Getty]

Yeah, yeah. I think it would end up being like really left and slightly less left. Like England, which is terrible.

[Jack Armstrong]

Or France or Canada.

[Joe Getty]

Yeah, I find myself wanting to do like an extended segment with Craig the healthcare guru, just because, you know, I. I read so much about our health care system and how crony capitalism has ruined it. The idea that we are in the mess we're in because of the free market is the opposite of the truth. And Obamacare was an unbelievably insidious fix of giving enormous gifts to various insurance companies and other entities as opposed to letting the free market work and let consumers choose their health care and insurance companies or healthcare providers compete. And I get discouraged when we're even talking about it because there is so much there that a demagogue, whether it's a deliberate, excuse me, radical like Mudani.

[Jack Armstrong]

Or.

[Joe Getty]

Probably well meaning, not genius like mtg, they spout these solutions and people think, yeah, yeah, that's because trying to actually understand what's going on and then overcome the power of the lobbyists, it's just, I don't know, that's like climbing three Mount Everests stacked on top of each other. I'm sorry, it's just discouraging. It's so screwed up and so important. Healthcare, I mean.

[Jack Armstrong]

Yeah, well, just in general, who's out there making the good argument for fiscal conservatism? Traditional Republican sort of politics? I mean, is that just completely dead, all of that?

[Joe Getty]

Let's tear apart the crony capitalism and give people the actual right to choose. No, because there are lobbyists lined up a thousand deep ready to write gigantic checks to lawmakers to make sure the scam continues. And I'm sorry, it's so. It's so discouraging. I don't mean to be that way. I really don't. I'm just a realist and. And everything sucks and always will and compulsively honest. And I really need to beat that impulse back to provide a more entertaining listening product. I apologize. I'll do better.

[Jack Armstrong]

It's Final Thoughts.

[Joe Getty]

I'm strong again.

[Jack Armstrong]

It's Final Thoughts.

[Joe Getty]

It's Final Thoughts. I'm strong again. Get ready with Katie Green and Michael Angelo. It's Final Thought. I'm strong.

[Jack Armstrong]

In other words, there's a realignment going on that. Who knows where it's going to land? I don't know. Let's see if our host for Final Thoughts cannot depress us. Here he is, Joe Getty.

[Joe Getty]

This is why you want limited government. Because once unlimited government takes hold, the power and complexity of it is impossible to undo. Whoops. Sorry. I did it again. I did it again. Sorry. Let's get a final Thought from Michelangelo. Michael, you know, if China takes over our finances, I'm going to go through my clock closet today and look for things that I could sell. We may have to go back to the barter system.

[Jack Armstrong]

Or eat. Yeah.

[Joe Getty]

How much do you think I can get for dolphin shorts? Go through your abdominal cavity and see.

[Jack Armstrong]

What you can sell.

[Joe Getty]

You're gonna be selling your spleen, huh? Katie Green, our esteemed newswoman, has a final thought. Katie, after all of that uplifting stuff, I. I'll never be able to look at a bidet the same way. After the conversation today, I'm still laughing about it.

[Jack Armstrong]

I gotta figure out how to use that thing.

[Joe Getty]

It's really not that hard. The risks are low. Jack, do you have a final thought for us? Yeah.

[Jack Armstrong]

I brought in all the Halloween candy from my house. We had way too much of it. I've eaten more candy in the last four days than I had in the previous year. Since last Halloween, probably. I mean, I just can't walk by a bag of Hershey Kisses and not pop one in my mouth. I'm not capable of doing it. I brought in all the Halloween candy. Enjoy, everybody.

[Joe Getty]

I'll let the proceeding depressing crap be my final thought. Again, I apologize.

[Jack Armstrong]

Armstrong and Getty wrapping up another grueling four hour workday.

[Joe Getty]

So many people will thank so little time. Go to Armstrong and getty.com. check out the hot links. A lot of good stuff to read. Drop us a note, something we ought to be talking about. Send it along. Mailbag at Armstrong&getty.com.

[Jack Armstrong]

Yeah, we'll see how this argument goes on the whole tariff thing. That could be a giant news story. We'll see you tomorrow. God bless America. Armstrong and Getty Christmas shopping.

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[Jack Armstrong]

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[Jacob Goldstein]

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