
No Spin News - April 17, 2025
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Bill O'Reilly
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Eric Bolling
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Bill O'Reilly
So a few hundred billion coming from.
Eric Bolling
The United States is not a decisive factor. Now, I did not call Lardy on that because I don't have the stats, because the Chinese government doesn't put them out. They don't say, hey, we spend this much on our military and this percentage coming from the usa, that doesn't happen in a communist regime. They do what they want and then nobody knows about it. But yesterday, Victor Davis Hanson, who I believe is the strongest columnist in America, wrote this, quote, NATO, the eu, Japan, South Korea, Australia, and the US Are also curious as to why China is using its vast foreign exchange not to lift about a quarter of its population out of third world level poverty. Instead, it is frantically building three to four nuclear bombs a month, a 700 ship Navy and 2,500 combat aircraft as it ratchets up pressure on Taiwan. Well, there you go. Hanson agrees with me. Okay. And I don't know whether he heard my interview with Dr. Lord. He might have, but I don't think there's any doubt that US Dollars are fueling our enemy's military. Now. Do you think most people know that? Has that been widely reported in the American press? No. People don't have a clue. Not a scintilla of what is going on here. Trump knows because I talked to him about it Right now. I was on Leland Vitters program on News Nation last night and I'm on NewsNation on Monday at 9 and with Cuomo Wednesdays, 8, 8, 15. It's worth you guys checking that out. Anyway, Leland is a very smart guy with a lot of experience abroad, foreign correspondent for Fox in the Middle east for a long time. And here's what we were talking about vis a vis the tariffs go.
Bill O'Reilly
The money from tariffs doesn't come from overseas.
Eric Bolling
The money for tariffs comes from all of us. And I think that's part of this inconsistency. You say it doesn't matter. That's not right, Leland. So the United States treasury gets the money that Mercedes pays on the tariffs from its cars coming into the usa. And that's what Trump wants. He wants more money coming in than going out. Now, he's not going to achieve that goal. It's impossible to achieve it, but he'll cut it 50, 60%, I'm pretty sure over the next six months or so. Now, Leland, as I've said, is one of the smartest of the pundits on television. He doesn't know how it works. So I'm sitting here every night reporting to you and watching this insanity on television. It's the dumbest stuff I've ever heard because the media has now made this into a political thing, not an economics thing. Trump bad. Tariffs bad. Because Trump's bad. I'm sitting there going, you have no idea what is happening in this world and how our enemies are being strengthened by this unfair trade system. You don't know. And worst of all, you don't care. And I'm talking to the network news and CNN and MSNBC and to some extent Fox, because the mistake that Fox News makes is that it just rubber stamps, everything Trump does. You can't. You got to cut through all of this special interest stuff and bring legitimate information and analysis and clarity to you, the American people. Okay. So I think we're doing a pretty good job at that. And the final thing in this whole thing is Donald Trump knows his entire legacy is on the line here with this tariff stuff. If it succeeds and the American economy booms in the latter half of this year, which Trump believes will happen, okay, then he's going to go down alongside Ronald Reagan. If our country falls into a recession, it is over. For Trump's legacy. I rely on physical precious metals like gold and silver to protect my savings. And the only company I trust is American Hartford Gold. 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And this spring they have the best deals, up to half off on select plants. Plus my listeners get 15% off their first purchase when using Code Bill at checkout. That's an additional 15% off@fast growingtrees.com with code BILL at checkout. Now is a perfect time to plant. That's fast growingtrees.com don't forget, use Code Bill to save offers valid for a limited time. Terms and conditions apply. The Republicans will lose the midterms and he'll just be a lame duck for two years. That is what is at stake. How huge is that? And that's the memoir. All right, here's another example of United States getting hosed. So I've been to pretty much every European country. I don't think I missed any of them. I haven't been to Slovenia, where Melania Trump was born and raised. I have not been to Poland. I can't believe I missed it. But everywhere else I've been. And when you go there, you pay a VAT Value added tax. Every country has it. But not only do you pay it if you want to buy some shoes in Italy, but American products shipped to the eu, all of them have to pay a tax, which is why they cost a lot more in Europe than here. So if you wanted to buy a Ford automobile In America, it's 30% less to buy it here than to buy it over there. Because of the VAT tax, every American import to the EU is taxed. All right? And here are the rates. Italy, 22%. France, 20%. Germany, 19%. UK 20%. Spain, 21%. So everything that we ship gets taxed at that rate so that the people who sell have to charge 20% more, and they can't compete with the domestic stuff, which is what the game is. So Europeans don't buy a lot of American stuff. I remember one time I was in Sweden, and I had a Washington Redskins jacket. Before the Redskins went, okay, guy offered me 100 bucks on the spot for the jacket. Jacket cost back here about 60, 60 bucks. I sold it to him. I did, because I had another jacket. I said, yeah, I just go back to the usa, buy another one. He goes, give me that. I'll pay $100 for that jacket, okay? And because he knew that it was unaffordable and it weren't even into stores, American products are not even in the European stores because they're so expensive because of the VAT tax. Now, did you know any of that? That's how the European countries make their money. They tax everything you buy, and their own people have to pay it. All right, let's update you on the tariffs. Chinese President Xi Jinping is going to Vietnam, Malaysia, and Cambodia. Hey, President Xi, let me just break it to you. Those folks have no money at all, okay? They cannot help you. They're not gonna buy your stuff because they don't have any money. All right? And so I don't know why you're going there, because now maybe he's trying to sneak in Chinese goods under the Vietnamese label, but that's going to be easily exposed. So I don't even know what this is. You know, you. If China loses the US Market, and I still believe there's going to be a detente here, it's hosed. It's just screwed because we have the money. We buy the stuff. The Melees aren't going to buy your stuff. They don't have any money. All right. So he's over there. Trump economic adviser Kevin Hassert says that dozens of tariff deals are going to be made shortly. And the quote is the progress has been astonishing. Okay. Now, all of the other broadcasters after I just reported that would have said we'll see. But I don't say we'll see because it's a cliche and it's stupid. This is what President Trump is saying, told me directly. So Hasrt is saying what the president said. Okay, let's get some other perspective on this. Now, you may know Eric Boli. Don't bring him in yet. I just want to give his background first. So Eric Bolling, when I was at the Factor at Fox, he would sub for me and the ratings would go down. But you know, they went down for everybody that sub for me. But he did a decent job. I mean, you know, he ran a show and then he was over at a couple of other places. But his background is in economics and he was a board member of the New York Mercantile Exchange, big shot in oil and gas trading. So he knows the economic world. And he joins us now from West Palm Beach, Florida, where he airs daily on real America's voice, Dish, YouTube, all of that Internet stuff. So bowling. You okay down there in Florida? You all right?
Leland Vittert
We miss you down here, Bill. It's always good to have you.
Eric Bolling
Okay. You're walking around, you look a lot, a little like Maynard G. Krebs with the goatee, but that's all right. It's okay.
Leland Vittert
That compliment was amazing, especially coming from the guy who I did sit in for over 250 times over 11 year period. So I must have been ratings went down, but they must not have gone down that much.
Eric Bolling
Mr. Bill O'Reilly, you know, it went when, when Juan Williams sat in for me, they really went down. But when you went, you weren't that bad. So look, I know you've had some discussions on your programs and you had some criticism about the tariffs. Where, where do you think they are now?
Leland Vittert
So I, I, I stand firm, Bill. I'm a, I'm a free market true, like complete free market tier. I'm just believe that government shouldn't get their hands in any form of the markets. Now I do. Again, let me qualify that with I am really, really rooting for the Trump tariffs to work. I hope they do. I'm hearing they are, as Kevin Hasert said It's going to be astounding when they start telling us what they've gotten or what they've received. My only issue is I just don't like government interfering in markets. And when I mean government, I mean our government also. But if it's, again, if it's going to be used, I think they lost the messaging bill. Let me reframe this. It came out whether we're going to raise tariffs to the rest of the world to the level that they're charging us. And when they realize they can't do it anymore, their tariffs will come down and our tariffs will come down as well. At some point it turned to, well, they're all begging to, you know, kind of kiss the ring and come make a deal with us, which was the wrong message for me as a free marketeer. He got back on message recently over the weekend and said when they lower them, will lower them. And that's what I hope for. I hope for a global no tariff or a global 10% across the board in two directions.
Eric Bolling
Let's just cut through this. We have no control about China and what China's import tariffs are. We don't. So they can jack up their tariffs and same thing with the eu. Hans and France can, can buy stuff from the United States. We ship it over to Hans and Franz in Munich and they slap a 20% VAT value added tax on it, which means Hans and Franz have to charge if they resell whatever they buy from us. They got to slap 20% more on. They can't. American goods can't compete with the German made goods. That's the game. We can't control it. So free marketing is really a myth. It isn't free. It's not free anywhere. So what Trump wanted to do was basically say, we're not letting you rip us off anymore. We're the biggest market in the world. We have the most money, the most consumers who can spend and you're going to play fair. It seems logical to me that that would be a good policy for the United States. But in order to get there, we have to suffer and Americans don't want to suffer. That's where we are.
Leland Vittert
Again, agree. And that is the theory. And I hope it works and I really do. I hope it doesn't push us into a global recession, which theoretically could happen. And I'm not suggesting we continue to have a trade imbalance and have a trade imbalance, a tariff imbalance with these countries. I'm simply saying there are ways to maybe negotiate other countries bringing down their tariffs. I'll give you an example. China charging us whatever they want to charge us, whatever they've been charging us, because we don't even really know. We can talk about this number that they came up with with China's charging us at 32%, which, be honest with you, they made that up. But they use a different metric, not what they told us. Regardless what we. What we could do is, China needs oil. We have a ton of oil. We can produce more oil. We say, China, you lower your tariff, our export tariff, your import tariff, US Goods going to China, lower it to a reasonable number, let's call it 20%. And we'll only put a 20% tariff tariff on the oil will send you, and we'll send you a ton of liquefied natural gas.
Eric Bolling
That's what will eventually happen. But China isn't benign, okay? They don't want to give up their unbelievable trade advantage, not only with the United States, but everywhere else. They don't want to give it up. But the mistake that I think the Trump administration made was this. They try to do it too fast. Instead of knocking down Canada and Mexico, then going to the eu, then going to China or whatever order you want to put it in, and along the way, explain every step to the American people, which they could have done all right, instead of this tsunami all at once that panicked the worldwide markets, that led to the stock market going down. They could have been a more gradual thing, and that's what I would have done.
Leland Vittert
There's. There's a third alternative. I agree with that. There's a third alternative where they could have come up with, okay, so we buy a lot of garbage, trinkets, crap, we buy a lot from China, right? And we sell them in technology and important goods and, and, and whatnot. We could have gone out to the rest of the world. Taiwan, Vietnamese, you, you just mentioned them and say, you know what? You want to build a manufacturing plant there. We don't want to pay this 32%, 35% China tax anymore. We'll buy from you instead of them. Here, here it is. You're. The United States is the wealthiest consumer, that. We're a huge buyer walking into a mall. The world is the mall. And we have this massive credit card with trillions of dollars of credit on it. And we go, you know what? That store, China right there is charging too much for the same thing I can buy from that store over there, Taiwan. You know, I'm going to go over there and watch what happens. China drops their tariff Drops their price to compete for us. Everyone wants our dollar. That's a more, I would call it free market solution to drop.
Eric Bolling
But that would be incredibly, incredibly complicated to do now. Nvidia out of Taiwan just announced today it's going to build a big chip plant in the United States. That's a huge victory for the usa, by the way. Enormous.
Leland Vittert
Do you believe that?
Eric Bolling
You believe, do I believe they will do it? Yes, I do believe that because he.
Leland Vittert
Made the deal, the CEO made the.
Eric Bolling
Deal directly with Trump. No, it's inconceivable that they wouldn't do it now.
Leland Vittert
Well, so Apple says we're going to do a half a trillion dollars we're going to build here. These CEOs are catering, they're cow tying to Howard Lutnick and the group and making a lot of promises. But, but we don't know if they're. I hope they do. And by the way, 10 years down the road, it's not going to be a chip manufacturing plant in the next two or three years.
Eric Bolling
The. Look, the reason I believe it'll happen is Trump can hurt them. Yes, Trump is out come 2028, but he can hurt them now. If, if he, if we don't see progress and fast progress, and he will you go back on a deal with Trump, he's going to find a way anyway. Boy, glad you're doing well.
Leland Vittert
Or revenge.
Eric Bolling
If you lie to the President of the United States about intentions, that's retribution. You know, fool me once, shame on you. Fool me twice, shame on me. That's retribution. Glad you're doing well down there in South Florida. Bowling.
Leland Vittert
Okay, Bill.
Eric Bolling
Right. We'll talk soon. Again, thanks for helping us out, sir. Sanctuary cities, immigration. So another tough guy approach. President Trump, this is April 10th. True social quote. No more sanctuary cities. They protect the criminals, not the victims. They're disgracing our country and are being mocked all over the world. Working on papers to withhold all federal funding for any city or state that allows these death traps to exist. Okay, so we have zeroed in on three of the most egregious sanctuary cities, and there are 50 of them. But let's do three. Chicago Mayor Brandon Johnson basically gives a finger to the federal government. All right, Chicago receives $2.5 billion in federal funds, 2.5 billion in federal grant money, and Trump's going to cut that off. Now, some of that is summer food for poor kids, a lot of that. And you're going to hear a scream out of there that's going to hurt. That City, Boston. Michelle Wu, okay, She's another one. It basically says, I don't care what you say, we're not going to cooperate with you. 300 million for Boston is not a big town. That's a lot of money. Housing, city services, other general things. And finally, Denver, Mike Johnston, another Radical left mayor. 100 million, okay? Mostly for education. So President Trump's going to cut that money back. Now, there'll be lawsuits, you know that everybody will sue. But look at Maine. That governor of Maine going to the Oval Office and saying to Trump, hey, I'm not going to do the trans athlete thing. They're hurting, boy, because those lawsuits take a long time and they cost the city and state to do that. They cost them a lot of money. So just bringing it up today, he's going after sanctuary cities. Kilmar Garcia, who was mistakenly deported to El Salvador. He is an El Salvadoran, 29 years old. He has a wife who's an American, five year old child who's an American. He is now in El Salvador. The president of El Salvador came to Washington today. Okay, The Supreme Court has ruled that the Trump administration's got to bring this guy back to the usa. But the Salvadoran president says he's not going to do it. And Trump and all of the administration people, including Secretary of State Marco Rubio said we're not going to do it. So Mr. Garcia, he's over there. I don't know if he's in custody or not. Now, the Trump administration alleges he's Ms. 13 gang member. But if that were the case, why is he here legally? See, a judge in Maryland gave this man asylum privileges. He's in the asylum process now. And then the Supreme Court rules you've got to be brought back. The Trump administration will have to obey that law. That ruling from the Supreme Court.
Bill O'Reilly
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Eric Bolling
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Bill O'Reilly
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Eric Bolling
To Mint Mobile today.
Bill O'Reilly
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Eric Bolling
Though they're huffing and puffing, and they should, you can't have anarchy. All right? You know how I feel about that. I don't know the guy. I don't know what the guy did, but if the Supreme Court says bring him back, you bring them back. Back to Gavin Newsom, Governor of California, very busy. Very, very busy. He's out of money for Medi Cal. Medi Cal is Medicaid. Okay? So they're out of money. Ran out of money even though they tax you Californians up to here. Not any money. Why don't they have any money? Because, listen to this. Illegal migrants are expected to receive, this year alone, $10 billion in health care cost from the state of California. So in addition, I think there's 53 million, California's largest state, 10 million undocumented, getting their health care paid for. So they're out of money in Medi Cal. So what Newsom is doing, he's taking 3 billion from another part of the California budget, already run in record deficits out there, okay? And he's putting it into medical, because they're broke, because they're paying so many bills for the undocumented. Now, this is what you hear when Bernie Sanders says Republicans want to cut Medicaid. So the Republican Party wants to pass legislation and says, if you're undocumented, you're not going to get Medicaid, medical, whatever it's called. You don't get it. You're not entitled to get it. That's legitimate. Let Congress vote on it. But Sanders goes, oh, no, they want to cut everybody's Medicare. That's not true. See, you know, I spent 16 minutes. Now we're 16 minutes into this broadcast, all right, Giving you one corrupt thing after the other in this country. And I'm saying to myself, this has got to stop. But the only way it's going to stop is for the courts to intervene. But California boy, okay, now to President Biden, he's back. So he goes to Chicago to give a speech in front of advocates, counselors and representatives for the disabled. That's a great cause. Okay? Anything helping disabled people is excellent. Sit. The Sofitel Hotel In Chicago. Very safe venue, very safe for Mr. Biden. So he gets up there and he meanders around and then he gets down to what he really wanted to talk about. Go. Fewer than 100 days. This new administration has made so much, done so much damage and so much destruction. It's kind of breathtaking. It could happen that soon. They've taken a hatchet to Social Security administration pushing additional 7,000 employees, 7,000 out the door in that time, including the most seasoned career officials. Now they're getting ready to push thousands more out the door. Already we can see the effects. All right, so we fact checked them. The Trump administration wants to cut the Social Security administration workforce from 57,000 to 50,000. They are offering buyouts, early retirements, all of that. And they are cutting some jobs. Now, to me, if you have a 56, $36 trillion debt, 36 trillion you got to cut. So this doesn't seem unreasonable to cut 7,000 out of a workforce of 57,000. Does it seem unreasonable to you to do that? Not to me. But would Biden and Sanders and all Democrats. Oh, they're going to cut your Social Security. See, see what they do? So I knew that Biden was going to do that. Nobody. I don't even see any coverage of Biden. I mean the kind of Democrats are embarrassed by him now. But I thought you want to know tariff latest. So I am involved with this to some extent as far as people asking my opinion at very high levels. And I give my opinion, all right. That I want this to calm down, this tariff stuff. I understand that the United States should stick up for itself worldwide economics. We're doing the right thing. How we're doing it needs to be re examined because we don't want to hurt our own. And the stock market, as I pointed at the top of the program, gyrating wildly every day is not good. Okay, so Italian Prime Minister Giorgia Meloni comes to the United States tomorrow. She's a friend of Trump, a sympathizer with Trump. Okay. But Italy doesn't pay its dues to NATO. They're way underpaid and their tariffs are 21%. Now I think Maloney is going to give President Trump what he wants. I think I can't guarantee it. At the same time, I believe that Japan and the USA are very close to a deal on tariffs as well. And pants tough, tough market. They don't want to take a lot of American stuff off there. So I know for a fact that President Trump believes he's going to get these two deals done quickly, and then others will follow. That's what the President believes. So you know something? I found out this morning. I don't use anonymous sources, but I can't burn my sources. I'm not going to. I'm just going to tell you this. I found out. You can believe me or not. It doesn't really matter to me whether you believe me. By the way, I know that sounds a little harsh, but I don't mean it to. But when I tell you anything on this broadcast, I always say, I know this for sure. This is the truth. Or I'm not sure, or I could be wrong. I always bring context to it. This I know happened. China called the White House this morning. I don't know who in China might have been somebody would take out. I don't know. But I know that call came in and that's a good thing. But I don't know any more about it. I will. This is so hard. I can't. I don't want to feel sorry for me. I like what I do. But it's so hard to get this information because I can't report it to you unless I believe it's valid. Unlike 98% of all the other journalists in the country who just throw stuff out. They don't know whether it's true or not. I won't do that. I don't want to mislead you, which is why we don't have to apologize here very much at all for anything. Smart life. Okay. Interesting story. So I needed socks. This is one of my favorite things, going shopping for socks. And I went, all right, I have to go. So go to Bloomingdale's and there's the socks. So I go over. This will be easy, right? I'll get some socks. They're all made in China. All right? Ralph Lauren, Polo B. China, China, China. I, I would have taken Malaysia. I would have taken Honduras. I, I, I would have taken it. No, I'm not buying China stuff. I'm not buying Chinese food. I don't even like Chinese food. Okay? I'm not buying Chinese socks. So I had to walk out. There were no American socks. And so now if you see me on the street, I don't have any socks on. You know why? So this is about choices. If every American consumer would just stop and say, you know, China's not our friend, and I'm not going to buy any more Chinese stuff. Wouldn't have to have tariffs or anything like that. Nobody buys anything from China. Right? Okay, Smart Life make good choices, even when you're buying socks.
Bill O'Reilly
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Eric Bolling
Ladies of space, everyone. So this morning, how many of them, six. Six ladies, some of them famous, were launched on the blue origin. Roll the tape.
Bill O'Reilly
4. Command engine start. 2, 1. Liftoff. New shepherd has cleared the tower.
Eric Bolling
Remember Ralph Kramden and the Honeymooners to the moon? Alice? Well, not quite, but getting there. 11 minutes of flight time. They went 62 miles above the earth. Little weightlessness. And Lauren Sanchez, Katy Perry, the singer, Gayle King, the CBS person, Amanda Nguyen, civil rights activist Aisha Bow and Carrie Ann Flint. Aisha Bow is a former NASA person and Carrie Anne Flynn is a film producer. So they all went into space. And I don't know really why they went, but they went. And it was for, for Gayle King, you know, good publicity for the CBS Morning show. Now, I asked my staff, I said, you know, I haven't heard about these morning shows. Give me the ratings on them. Listen to this. This is incredible. Incredible. So for the week of March 31st, that was what, two weeks ago, the CBS morning show Gail King and two other guys had less than 2 million viewers. Less than 2 million. Today's show had 2, 6. 2,600,000. And Good Morning America had 2, 8. And all of them are down from last year. And these are these. When I used to go on these shows to publicize my books, they were doing 5 million, 6 million. They're falling apart. And the reason is they're boring and they've alienated all the center right people and all the conservative and Traditional people. Because it's all liberal across the board. Except for Jenna Bush. She's not liberal. The daughter of President Bush the younger. But the whole presentation is, you know, woke. And people, you know, when I get up in the morning, I'm already woke. I don't want more woke on television. So these shows are in trouble. Okay. Do you know what a procrastinator is? Yes. You know, somebody who puts off things. So a lot of people haven't made their vacation plans for summer yet. It's the middle of April. This is not good. But if you are going on vacation and you start late, here is what you can expect. Sky high hotel rates, highest in history. So you might look at the Airbnb or whatever that. Because hotels are going to kill you. It's ridiculous. It really is absurd. And then if you haven't booked your airline flight seats a lot of people flying and they've downgraded to smaller planes now. All right, so they're jammed. And then rent a cars. You want to rent a car, you show up. A lot of times they go, we don't have it. The earlier you book, the better opportunity you have that they will have it when you show up. But if you're late, you're going to get hosed. Now, I try to drive, you know, I have to go to Boston a lot, D.C. and I'll drive, I'll get in my car. Boom, boom, boom, boom. So much easier than to rent a car. The plane, this, that. So if you can drive your vacation, even if it's like 12, 13 hours, you kind of break it up. That is a better play because it's going to be very expensive and crowded to vacation this year. One other tip, not a lot of foreign tourists coming to the usa. That's way down because of the tariff stuff. But it's being made up by Americans wanting to go to the national parks and all that. So the final thought of the day is, get on it this weekend. Lay it out is what I want to do is when I want to do it, make it happen. Thank you very much for watching and listening to the no Spin news. We'll see you again tomorrow.
Bill O'Reilly
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Bill O’Reilly’s No Spin News and Analysis: Highlights from April 17, 2025
In the April 17, 2025 episode of Bill O’Reilly’s No Spin News and Analysis, host Bill O’Reilly delves into pressing economic and political issues, providing a critical examination of current U.S. policies and their global ramifications. The episode features in-depth discussions with co-host Eric Bolling and guest Leland Vittert, offering listeners a comprehensive overview of the state of the American economy, trade policies, and domestic political challenges.
[00:05] Bill O’Reilly opens the episode by addressing the complexities of the current tariff situation and its impact on the American economy. He emphasizes the significance of President Trump's approach to tariffs, labeling it a gamble with potentially far-reaching consequences:
"The tariff situation and the economy and your 401k and investments, that is far and away the headline that exists today in America and all over the world. And that is the subject of this evening's Talking Points memoir." – [05:37] Eric Bolling
O’Reilly critiques the media's portrayal of tariffs as a purely political issue, arguing that it undermines the economic rationale behind them. He asserts that the U.S. tariffs are inadvertently strengthening China's military capabilities by funneling funds into Beijing’s defense infrastructure.
A significant portion of the discussion centers on the United States' trade relationship with China. O’Reilly references an interview with Dr. Nicholas Lardy, an expert on the Chinese economy, highlighting disagreements on how the U.S. dollars received from China are utilized:
"I believe strongly, much of that money, those dollars, being used to build up the ferocious Chinese military." – [05:37] Eric Bolling
O’Reilly underscores the vast trade deficit, noting that the U.S. trades $463 billion with China and that $600 billion annually flows into Beijing through various investments. He cites columnist Victor Davis Hanson to reinforce his point:
"NATO, the EU, Japan, South Korea, Australia, and the US are also curious as to why China is using its vast foreign exchange not to lift about a quarter of its population out of third world level poverty. Instead, it is frantically building three to four nuclear bombs a month, a 700 ship Navy and 2,500 combat aircraft as it ratchets up pressure on Taiwan." – [05:37] Eric Bolling
O'Reilly discusses the challenges American products face in the European market due to Value Added Tax (VAT). He explains how VAT rates, ranging from 19% to 22% across countries like Italy, France, Germany, the UK, and Spain, make American goods significantly more expensive and less competitive compared to domestic products:
"If you wanted to buy a Ford automobile in America, it's 30% less to buy it here than to buy it over there. Because of the VAT tax, every American import to the EU is taxed." – [17:44] Eric Bolling
This taxation strategy not only inflates prices but also discourages European consumers from purchasing American goods, thereby protecting domestic industries at the expense of U.S. exporters.
A substantial segment of the episode focuses on President Trump's initiative to withhold federal funding from sanctuary cities, which he accuses of protecting criminals rather than victims. O'Reilly details the financial implications of these funding cuts on cities like Chicago, Boston, and Denver:
"Chicago receives $2.5 billion in federal funds... Boston receives $300 million... Denver receives $100 million. President Trump's going to cut that off." – [19:26] Eric Bolling
He highlights the potential backlash from these cities, including lawsuits and financial strain on essential services such as education and housing. The discussion underscores the tension between federal authority and local policies on immigration enforcement.
O’Reilly critiques President Biden’s administration, particularly focusing on the recent Supreme Court ruling mandating the return of Mr. Kilmar Garcia to the U.S., despite his legal status and family ties:
"The Supreme Court has ruled that the Trump administration's got to bring this guy back to the USA. But the Salvadoran president says he's not going to do it." – [21:21] Eric Bolling
He also addresses Biden’s efforts to cut the workforce of the Social Security Administration from 57,000 to 50,000, arguing that such measures are necessary to tackle the nation’s staggering $36 trillion debt:
"I spent 16 minutes... The Trump administration wants to cut the Social Security administration workforce from 57,000 to 50,000... if you have a $36 trillion debt, you have to cut." – [27:20] Bill O’Reilly
O’Reilly contrasts Republican and Democratic narratives on Social Security, suggesting that Democrats, particularly figures like Bernie Sanders, misrepresent their fiscal policies as threats to Social Security itself.
The episode briefly touches upon the recent Blue Origin space launch featuring six women, including celebrities like Lauren Sanchez, Katy Perry, and Gayle King. O’Reilly humorously critiques the media's portrayal of the event and the declining ratings of morning shows:
"These shows are in trouble... They’re boring and they've alienated all the center-right people and all the conservative and traditional people." – [38:26] Bill O’Reilly
He implies that the liberal bias in mainstream media is contributing to declining viewership, juxtaposing it with his own approach to delivering news “without spin.”
In a lighter segment, O’Reilly offers practical advice for listeners planning summer vacations amidst rising costs and heightened demand. He advises early bookings to avoid exorbitant hotel rates, crowded flights, and limited rental car availability:
"Get on it this weekend. Lay it out is what I want to do is when I want to do it, make it happen." – [39:40] Bill O’Reilly
He contrasts the challenges of booking last-minute vacations with the simplicity of driving, emphasizing cost-effectiveness and convenience.
Throughout the episode, O’Reilly consistently promotes a narrative of economic nationalism, advocating for policies that prioritize American interests in global trade and domestic funding. His discussions with Bolling and Vittert aim to dissect complex economic policies, presenting them in a manner that criticizes both the media and opposing political figures for their handling of these issues.
"If every American consumer would just stop and say, you know, China's not our friend, and I'm not going to buy any more Chinese stuff. Wouldn't have to have tariffs or anything like that." – [38:26] Bill O’Reilly
O’Reilly concludes by reinforcing his commitment to providing “no spin” news, urging listeners to stay informed and proactive in addressing the economic and political challenges facing the United States.
This episode of No Spin News and Analysis offers a thorough examination of U.S. economic policies, trade relations, and political strategies, delivered with Bill O’Reilly’s characteristic directness and critical perspective. By including expert opinions and real-time analysis, the show aims to equip its audience with the facts necessary to understand and engage with the nation’s pivotal issues.