Scott Besant (2:54)

It's going well. We're off to a great start. I call it parallel prosperity, because what we've seen for too long, especially since the China shock in the early 2000s was Wall Street's taken off and Main Street's gotten left behind. Capital's done great, stock market's at all time highs. And as you said, the American worker has struggled to keep up, especially the bottom 50% of working Americans. So I don't think it's an either or. I think both can do well. So parallel prosperity, Wall street can do well, but now it's Main Street's turn for a catch up. And that's what we're really starting to see here.

Michael Knowles (3:33)

So a lot of people said at the implementation of the tariffs that it was going to destroy the entire economy. There were a lot of people that the President dubbed panicans. And the numbers that we're seeing right now look pretty good. What is it? $100 billion in revenue from the tariffs and manufacturing is looking up and three year highs and, and a lot of great trade deals. The European union giving us $600 billion. Some crazy number. Things are looking up.

Scott Besant (4:01)

Well look, there was a lot of whataboutism. There was a lot of vested interest. Because the mantra again, especially since the China shock but had gone back before then, was to design or market and sell in the US but not manufacture it in the US So we had offshored so much of that production. And look over the long term for working Americans, manufacturing jobs are the way to middle class lifestyles. It's very difficult in the service economy to really move up the economic chain. There are some great service jobs. That's why we've done no tax on tips, no tax on overtime. But we saw it during COVID Working Americans are the backbone of the country. Capital has been treated very well. We're going to keep treating capital well, but it's going to come in in a different form. Before we had these gigantic trade deficits which were the current account deficits. And how did the countries that created these surpluses invest back in the U.S. they'd either buy treasury bonds, they would buy Google stock or they'd buy private equity. And that created a lot of bad distributional outcomes. Most did well, the middle didn't. Now what we're going to see is if someone sells us an LG television, we are going to sell them a General Motors car again, just like we used to.

Michael Knowles (5:42)

Now I mentioned it's all going very well, as you mentioned, it's all going very well. But Walmart recently on their earnings call said they had some trepidation. They're seeing the effects of the tariffs. Prices might start going up. Obviously President Trump won the election in Large part because Joe Biden so mishandled inflation. So I'm looking around on a sunny day in August, right before Labor Day, things look fine. Do you have any trepidation and are there strategies to mitigate what might come in Q4 or Q1 of next year?

Scott Besant (6:13)

Well, I think what we've seen is the economic establishment was wrong. As you said earlier, I was at a conference on Jackson Hole and several of the economists there had mea culpas that said, look, before Liberation Day, if you were to find out what percent of PhD economists like tariffs, it would be negative 50, 99%. And Peter Navarro. Yeah, it was 99% versus Peter Navarro. And once again the consensus has been proven wrong. Look, a big portion of it, our biggest trade deficit is with China. So they are selling things, but below the cost of production. So they're not going to stop, they're not going to raise prices. That industry in China is an employment scheme mostly, not a capitalist system. And that's part of what the tariffs are here to remedy. When a country has a completely different belief system, governmental system and economic system, then we don't align with them and they could just flood our markets. Same thing with Vietnam. I'm not sure. I can't remember what the head of Vietnam is called. I think he's called the premier that they are not a completely market based economy. It's an employment thing. And I think a lot of the standard economists didn't use that kind of imagination to be able to say, well of course China's going to eat these. And the other thing too that Walmart has been eating a lot of the cost. So across it hasn't they flowed to the consumer. And also preferences change that if somehow the price of an avocado goes up, then you buy a South Carolina peach.

Michael Knowles (8:20)

Right, Right. Well that answer is very good.

Scott Besant (8:23)

But to answer your question, I don't see any reason why this should flow through Biden administration created this terrible affordability crisis. The stated CPI numbers, the inflation numbers were 19 to 21%. Working Americans had a different bundle of goods and services. Probably their inflation was over 35. So the first thing for us to do to get at the affordability crisis was to stop the inflation. And we've seen 1.9% inflation back to the long term trend since President Trump came in. And the other way to solve for inflation is to increase real working class wages, which is what we saw in President Trump's first term. President Trump's first term, hourly workers did better than advisory workers. The bottom 50% of American households saw a greater increase in their net worth than the top 10%. So I think we can go back to that. But look, we're not going to be satisfied. But the other thing, too, that if I think about my weight, I think last time I checked, I weighed about 210 pounds. What I care is about my overall weight. I don't care how much my arm weighs. I care. So energy, energy, especially gasoline, is coming down. President Trump is going to do a substantial decrease in pharmaceutical costs. So we're looking at the macro number. And other people, especially a lot of vested interests, might be screaming. On a micro level, I think my.

Michael Knowles (10:05)

Wife would prefer if I had more weight in my biceps and less in my gut. But I think the point is totally accurate economically. And I also love your response when you say, look, Walmart is griping about seeing costs go up and you say, yes, they are griping because they're eating those costs largely, and it's not actually being passed on to the consumer. And good for them, good for the Americans. So then, speaking of percentages, it's a little bit of a hard transition to interest rates and the Federal Reserve, but it does seem to be on everybody's mind. We were just in that Cabinet meeting, and President Trump rarely missed an opportunity to jab the Federal Reserve chairman. You will be instrumental in the next pick. You've said that you don't want the job yourself. One, how important is an independent central bank, in your view, to the country? And two, who do we need to see in the Fed chair role?

Scott Besant (11:01)

Well, thank you. Not me, but an independent central bank is very important. But as I said as we were going around the table when the President called on me, the Federal Reserve gets its authority because the American people trust it to be independent. And when we have a potential scandal like this or a potential member who seems to have a very serious mortgage violation. Because one thing we have not heard yet from Lisa Cook, we haven't heard her say, I didn't do it.

Michael Knowles (11:40)

Yeah, yeah.

Scott Besant (11:40)

I haven't heard her say it didn't suit.

Michael Knowles (11:41)

Just for people who haven't followed this that closely. Lisa Cook on the Fed, accused of a scandal, fired by the President, saying that the president doesn't have the power to fire her now threatening to sue the President. The president says, you know, go on and try it. I've got a list of 500 problems. Get in line. All of this news breaking within the last several days. So where does that stand?

Scott Besant (12:06)

Well, we'll see. As I said, the independence of the Federal Reserve comes from the American people, from them believing there's an agreement there. We will give this unelected body the control over a substantial amount of control over the economy. In return, we expect that the members of that group are above reproach, especially that Lisa Cook is accused of a financial crime. And the Fed, aside from setting interest rates, also sets bank regulation. So I'm not sure you could be a regulator. And as I said, and maybe we will in the coming days. But so far we have not seen Ms. Cook say, I didn't do it. The other thing we haven't seen is the Federal Reserve come out and say we stand behind her. We haven't seen the institution say we've investigated it. She didn't do it. And one of the things that I have called for over the past couple of months is for the Federal Reserve to do a big internal review before an external review comes along. And thus far, nada on that. And I think this should be the thing that pushes them over the line just to review all that, because there's monetary policy, there's regulatory policy, and then there's the administration of this sprawling the institution with a very large budget that's losing. The Federal Reserve is losing $100 billion a year because of some bond buying that they did at bad prices. So again, for now, I'm calling for an internal investigation before they get the external investigation.

Michael Knowles (14:05)

Right.

Scott Besant (14:06)

That's the way it rolls.

Michael Knowles (14:09)

President Trump during the Cabinet meeting was attacking the Fed chairman because he said, look, America's housing is doing very well right now, but the housing market would be doing much, much better if not for Jay Powell's stupid rates. One, from your position at treasury, how do you assess how the Fed is doing in housing and elsewhere? And then looking ahead to the next Federal Reserve chairman, what sort of things do you want to see other than it not being you?

Scott Besant (14:36)

Well, one of the things that I said that I won't comment on the mistakes the Fed's going to make, only on the mistakes they have made, because that's a big folder. And a couple of the big mistakes was when they did a quantitative easing, which was large scale bond buying that had the effect of lifting assets. And Again, the top 10% of households own 88% of equities. The top 50 really own the other 12%. The bottom 50% of Americans have debt and rent. So again, you end up with this distributional problem. There's a progressive economist, Karen Petteroux, who has a book called the Federal Reserve the Engine of Inequality. Who says that they've set off this massive amount of inequality that we have in the U.S. and if we look back to the COVID period, I couldn't have agreed with the Fed more in terms of when the markets became destabilized. March, April, even May, June of 2020. We didn't understand Covid, we didn't know what it was then. Large scale asset purchases, both to stabilize the market, to take a lot of uncertainty out of the economy, certainly warranted. But the Fed kept buying bonds until I believe it was February of 2022. And at the same time house prices went up substantially more than 50%. And we became this bigger nation of haves and have nots. And now rates are stuck at this high level and they're more distributional consequences. Google, Microsoft, Meta, have Net Cash. So they like high rates. A lot of upper income households like high rates. But as the President said, the aspirational households, young people, we saw a terrible statistic last month. We saw more people over 70 buy homes than people under 35. Supposed to go the other, supposed to go the other way that they. So that's not sustainable over the long term. So again we're back to the distributional aspects of what's going on. And if we want to get the housing market going, one of the biggest components is obviously rates. In terms of what are we looking for in the next Fed Chair? It's going to be the President's decision. I'm interviewing 11 excellent candidates. Very different. Some I know well, some I've known for more than 20 years, some I've never met before other than the phone call when I said I'd like to consider you. This is going to hit the news. Would you like to be considered? And I'm looking forward to that. It'll be beginning after Labor Day. But what are we looking for? We're looking for someone who has respect of the markets, understands monetary policy, but also is more like Alan Greenspan was as Fed chair. He came in the 80s, went all the way to the mid aughts and he had a very open minded approach to monetary policy. He came in, I had started on Wall street crash of 87. He knew exactly what to do, everyone thought. Not unlike after Liberation Day when the market went down. I remember in 87 there's going to be a depression and turned out 88, 89 were great years in the market and he guided the economy through. But in the 1990s there was a real technological revolution. It was the Internet and then all the embedded Office electronics people finally started using them. So you had this big productivity boom. And I think there's a chance, very good chance, that we are going to have a similar productivity boom from AI starting next year. So I want to hear someone talk about, okay, what will I be looking for in this productivity boom? How should monetary policy look in the future as opposed to in the rearview mirror? Two, the Fed is responsible for bank regulation. I think that the regulations have been much too tight. I began my career as a bank, as exciting as I may seem, I may not seem like I was a banking and insurance analyst, but I was. And I began my career. So I understand how these institutions work from the bottom up. And this big market outside of the regulated banking system that we're seeing in private credit and buy now, pay later. All that tells me that the regulated banking system has been in this regulatory noose. And we need to unshackle the banks, especially the small banks and the small banks. Doing well is the key to Main street doing well because they provide huge amount of the small business loans, the AG loans, the small real estate loans. So it'd be someone who understands bank regulation well. And then three is someone who can run an institution of this magnitude because this is a big institution. They, their branches, their employees. It's a gigantic budget. President has criticized Chair Powell for the cost overruns on the building projects. There's an investment professoral function here, but then there's also a CEO function.

Michael Knowles (20:54)

You've got to run the business. It's a big business.

Scott Besant (20:56)

It's a big business. It's a business that's losing $100 billion a year. So it's a turnaround.

Michael Knowles (21:01)

Last question before I let you go, because I know it's been a very long day and historically long. Podcast with the Treasury Secretary after the historically long Cabinet meeting. The president just acquired 10% of intel for the American taxpayer. Great deal. The President has talked about a sovereign wealth fund for the United States. He said there are going to be more investments to come. I think many people in America right now would like to see him acquire a cracker barrel as soon as possible. Maybe turn that around too. But assuming that's not on the docket for businesses that he's looking to constitute the sovereign wealth fund, what sort of industries, what sort of businesses could you see down the line if that fund is to be built?

Scott Besant (21:43)

Well, we'll see whether it's in the form of sovereign wealth fund or other businesses. But I think your viewers should think about it in two ways. One, their strategic Industries. So they, as I've said many times, the only good thing about COVID was it was a test run for what happens if we were to get into a kinetic war with a major economic slash political adversary, that is China. And we saw that we were woefully negligent in our supply chains. So five to seven strategic industries that we have to rebuild at home. So with chips being 1, 99% of the high value chips are made on the island of Taiwan and that doesn't even require war. I have no reason to believe that China will do it, but I know they could do it. If they were to do a blockade of Taiwan and stop semiconductors from getting off, that would be a problem. As the President said, we're getting along very well with China right now, but you've got to be prepared. Precursors for pharmaceuticals, amoxicillin. If you have children, you've given them that. So a huge amount, 80, 90% of precursor drugs go into our pharmaceutical ecosystem. Steel, rare earth, rare earth magnets. So I think you will see that then on the other side, the President wants to monetize some of our balance sheet. So his view with intel was we've given this grant. Why do we do that?

Michael Knowles (23:29)

Biden had given the grant.

Scott Besant (23:31)

Biden had given the grant. Why shouldn't the American public, the American taxpayer, get part of the upside? So I think there are early stage talks for the two government control mortgage companies, Fannie Mae, Freddie Mac. Then that could be a windfall for the American taxpayer, that perhaps a sale of TikTok, then the government, some of that value could accrue to the American taxpayer. But I think what's important here is unlike the past, I guess we'd have to go all the way back to I don't know how far. President Trump wants to create assets for the American people, not debt. So he wants to pay down the debt with the tariffs. Tariff money. And the CBO came out on Friday and all of a sudden they had an aha moment. There could be 4 trillion comes from tariff income, 3.3 trillion from tariffs. 700 billion.

Michael Knowles (24:40)

The number keeps going up.

Scott Besant (24:42)

Exactly.

Michael Knowles (24:42)

Everyone had very low expectations. Frankly, even some of your estimates were lower than it seems like now.

Scott Besant (24:48)

Well, it's like I like to tell the President and Wall street is called a beat and a raise. So you keep expectations low. You beat, then you can raise it. The President likes to start out at the raise, at the raise. But he's been right. Yeah, he's, he's been right. So we had a big increase in tariff income July or August. My guess is we're going to see a big increase August over September. Then we'll get into a natural cadence, 405, $500 billion. And again, the way for your viewers to think about that is every 300 billion is 1% of GDP. So if we could get, make it easy on me, if we could get to 450, then we will narrow the budget deficit by 1 1/2% of GDP. So the mess that the Biden team left us, they left us at 6 1/2% deficit GDP, the highest when we weren't at war, weren't in a recession. If we could get it down to something with a five or four in front of it at the same time with the one big beautiful bill that it's front loaded as the companies are building factories and buying new equipment, then they get a automatic depreciation. So that hits in the early years, but it's like coiling a spring. It's productive capacity. And then that production comes online and generates more jobs tax income. So if the tariff income actually prevents the, the front loading, then this is fantastic.

Michael Knowles (26:32)

Right? Right. And this is what the president kept saying in the cabinet meeting. He said, you think it's good now, wait for two years, wait for three years when this capacity is really online.

Scott Besant (26:41)

But I do think we're going to see the acceleration fourth quarter of this year, beginning of next year. And I think 20, 26 could be a great year.

Michael Knowles (26:52)

Mr. Secretary, any fun plans on Labor Day?

Scott Besant (26:56)

I actually am going to for Labor Day itself. I'm going to be out. One of my favorite parts of the one big beautiful bill is the no tax and tips. I got my first actually, I had two jobs when I was nine years old. One was working on the beach putting out beach chairs and umbrellas. The other was working in a restaurant. So I've been getting tip income since I was 9 years old. So I'm going to visit a series of family restaurants and diners, probably not Cracker Barrel on Monday, and talk to the employees there about the difference that no tax on tips is making in their lives. Because these are hardworking people, they're going to get to keep more of their income. And I can tell you because of no tax on tips, when I walk into a restaurant, I'm the most popular person there.

Michael Knowles (27:54)

Of course, I like the strategy, the mom and pops. That's great. And holding out on Cracker Barrel until they bring back Uncle Herschel. That's called the art of the deal. I think Mr. Secretary.

Scott Besant (28:04)

That is good. And they put more rockers out on the front porch.

Michael Knowles (28:08)

Thank you, sir. Happy Labor Day.

Scott Besant (28:09)

Good to see you.

Michael Knowles (28:11)

One thing I notice every time I sit down with Scott Besant is that he looks like a basketball player. A little bit wider than most basketball players, but he's very, very tall. I think he's a descendant of the nephilim. Anyway, after I spoke to Secretary Bessant, I then moved from the basketball player to the to the football player, a former professional football player who now happens to be the Secretary of Housing and Urban Development. At a time when housing is on everyone's mind, young people can't afford houses. And I asked him how they're going to do it. That would be HUD Secretary Scott Turner. Hold on one second. Before we get to any more very, very important stuff, you must go to Hillsdale. Edu Knowles. You ever hear the phrase that's unconstitutional? People toss that phrase around like confetti at a political rally. You hear it pretty much anywhere people gather to debate the issues of the day. But here's the thing. When someone drops that phrase, do you just nod along and take their word for it? Or have you ever actually cracked open the Constitution yourself to see what all the fuss is about? I think you should. And that is one of the many reasons that I'm thrilled about Hillsdale College's brand new free online course called the Federalist. You know those Federalist papers everyone references but few have actually read? They were penned by Alexander Hamilton and James Madison. And don't forget John Jay to explain how our Constitution creates a government strong enough to protect our rights, yet safe enough to trust with power. Brilliant stuff. More relevant today than ever. Hillsdale breaks it down into 10 digestible 30 minute lectures that you can tackle whenever you want. No deadlines, no cost, no catch. Here's the bonus. They got over 40 other free courses waiting for you. From CS Lewis to ancient Rome to early church history. It's like having a world class education at your fingertips. It is having a world class education at your fingertips. Completely free. I love it. Hillsdale is one of the absolute top learning institutions in the entire country and their courses are just magnificent. The Federal. I highly recommend course on CS Lewis. I highly recommend right now. Go to Hillsdale Edu Knowles to enroll. No cost. Easy to get started. Go to Hillsdale Edu Knowles. Young people can't afford housing. A lot of people actually can't afford housing. And our cities are falling into disrepair. So who better to talk to than the Secretary of Housing and Urban development. Scott Turner. Mr. Secretary, sir, thank you for stopping by. I guess really I'm stopping by you because we're at the White House right now. So, Mr. Secretary, you and I were just in the Cabinet meeting for what was apparently 100,000 hours. It covered a lot of stuff.

Scott Turner (30:39)

Indeed.

Michael Knowles (30:39)

One point that stuck out to me was President Trump going after the Fed Chairman, Jay Powell and saying that because of his policies, housing is not exploding in the way that it should. And I know this is an issue that is on a lot of especially young Americans minds. They cannot afford housing. Why is that? And what is being done to fix it?

Scott Turner (30:58)

Well, Michael, it's great to be with you. Thank you for being in the Cabinet meeting.

Michael Knowles (31:02)

Yeah, it was my honor.

Scott Turner (31:03)

It was truly my honor.

Scott Besant (31:04)

Yeah.

Scott Turner (31:04)

As you can see, the President is very transparent. And as he said in the Cabinet, we have nothing to hide. Every Cabinet member had an opportunity to speak about what's going on in our prospective agencies. And so the American people appreciate that. I hear from people all the time. Thank you. You know that we get to hear what's going on in education and labor and defense and state and hud. And so I'm grateful for the President doing that. It is a long journey. But he did bring up housing. And currently housing, the median price for a house, single family house in America right now is $435,000 as of July 2025.

Michael Knowles (31:43)

That's insane.

Scott Turner (31:44)

It's insane. It's unsustainable. And you mentioned the interest rates and Mr. Powell, we have all been encouraging him strongly to bring down interest rates. Interest rates obviously impact mortgage rates. You have the younger generation. I have a son, 24 years old. And he asked, how am I ever going to be able to afford to buy a house? I hear that from young people across the country. Because it's not affordable. $435,000 is a lot of money for grown people like you and I. And so what we've been very intentional about at HUD is to bring down burdensome regulations. Regulations cripple development from a federal standpoint, state and local standpoint. We took down a rule, Michael, called affirmatively furthering fair housing. This was.

Michael Knowles (32:29)

It's one of those government sounding euphemisms. Affirmatively furthering fair housing.

Scott Turner (32:36)

Yes.

Michael Knowles (32:36)

What does that mean in English?

Scott Turner (32:37)

Well, it basically made HUD a national zoning board where HUD would essentially tell localities how they should zone their neighborhoods. Every neighborhood in our country, rural, tribal and urban, has unique needs. Washington doesn't know the needs of Nashville, Tennessee or Plano Texas or Dubuque, Iowa, or Trenton, New Jersey, and so on and so forth. And so we took this rule down. The president was very supportive of it. Dr. Ben Carson did it in the first administration, and then it was put back up through the Obama and Biden era. And so taking this rule down restores flexibility back to the localities. It unleashes the ability for developers to develop and builders to build. That's one thing. Another thing is to form public private partnerships. I've traveled all around our country and I've seen some great examples as it pertains to affordable housing. Single family, multifamily and manufactured housing is also a big deal when it comes to affordable housing. But when private entities partner with public entities, public private partnerships, and they work together to identify the issue and then come up with a strategy for long term sustainability and execute that strategy, I've seen that over and over again. The federal government is not the answer. The federal government, HUD is a facilitator and a great convener. But when you start bringing in the private sector, when you start bringing in the nonprofits and the faith based entities that are doing the work on the ground every day, that's how you build more affordable housing. But it has to start with regulation. And we need the interest rates to come down, period.

Michael Knowles (34:17)

Now, the other aspect of the last two weeks of the news that's really touched on you is President Trump is threatening to invade all these cities, notably Washington D.C. which is obviously the federal district anyway. So the notion that the President could take over Washington is kind of absurd on its face. But he said, and we're gonna look at Baltimore and we're gonna look at Oakland and we're gonna look at Chicago. In the Cabinet meeting, he seemed to couch that a little bit and say, look, I'd rather go in there by invitation. I want to help these people out. 24 out of 25 times, they're Democrats and they don't want to admit that they need my help. But these cities are falling apart from the federal standpoint. What do you think that the government can do to improve these cities? That in some cases I'm only being slightly hyperbolic. I take the Amtrak past Baltimore. I feel like I'm looking at Fallujah or something. I mean, some of these places look really, really run down.

Scott Turner (35:13)

Well, there's been a lack of leadership. Let's just start right there. You have to care about the people that you serve, Democrat and Republican. In this instance, most of these cities that have gone down, quote, unquote are ran by Democrat leadership. And see, to me, HUD housing, poverty is not a political issue. Safety is not a political. Everybody wants to be safe, whether they say it or whether they don't say it. Democrats and Republican men and women want to be safe. And when you look here in Washington, D.C. a beautiful capital, and you see homelessness, you see tents and encampments and crime and people being murdered, people. There was a young lady, you heard her today.

Michael Knowles (35:58)

Yes.

Scott Turner (35:59)

Yeah, she was a reporter with one of the local outlets.

Michael Knowles (36:03)

Yeah, it was Epoch Times.

Scott Turner (36:04)

Epoch Times. Her name was Iris. And Iris told a story how she was mugged at gunpoint, a gun to her head. She refused to give her items away, and then the guy pistol whipped her.

Michael Knowles (36:15)

Thank God. He only pistol whipped her.

Scott Turner (36:16)

Thank God. And thank God she survived. Well, that should not be the case. And so President Trump, as you know, said, we're gonna take over Washington, D.C. we're gonna send the National Guard, we're gonna send our troops to make sure that the streets of our capital city are safe so that women that take the Amtrak, women that take the train, the bus, men, small children that walk in the streets in our city don't have to be terrified that they're going to get mugged, that they're going to get axed, that they're going to get shot. And this is Baltimore, another one. Chicago, Louisiana. All around our country, we have problems with crime. Why? Because of lack of leadership. Remember the defund, the police movement?

Michael Knowles (36:55)

Yeah, yeah.

Scott Turner (36:55)

Well, we're seeing the, the results of that kind of paradigm, the results of that kind of culture. We have to support our law enforcement, we have to support our military. These men and women wake up every single day with the mindset, I'm going to do my job. My job is to keep the people of this city, this state safe. And so I think that's what you see going on. And I agree with President Trump. You want to be invited, you won't let. You want leaders to lead?

Michael Knowles (37:21)

Yes. Yeah.

Scott Turner (37:22)

And part of leadership is say, you know what, we have an issue here.

Michael Knowles (37:25)

Well, you know, something else the President said in the meeting on crime is. He said, he said it's almost like a trap for the Democrats. I didn't mean it to be, but it's a trap. They're defending crime. I mean, it's kind of like when they were defending a guy going into a little girl's bathroom. I mean, you think, what political malpractice to take the side of what's an 8020 issue? More like a 973 issue. So you see that on crime, you saw that on the flag burning executive order. Democrats are now openly the party of burning the American flag. It seems like political malpractice, but when it comes to the cities, I think you're right. Safety should not be a partisan issue.

Scott Turner (38:00)

No. And these issues that you bring up, one mistake that we've made here recently in America is we've put politics over principle.

Michael Knowles (38:11)

Yeah.

Scott Turner (38:12)

Period. Politics should never trump principle. And I believe what you're seeing now with the president, with this cabinet, with leaders in this administration, we're getting back to principles. We're getting back to the foundational principles that make America great, that make America safe, that make America prosperous, that make America welcoming, that make America a place where hardworking, everyday men and women raising their families feel proud to live. And I think returning to that principle mindset is what you're seeing. And everybody doesn't like that because politics keep people in power. Politics keep people elected. I don't give 2 cents about power or being elected. I don't care about position or title. It's about principle and purpose. And I think that's what you're seeing.

Michael Knowles (38:55)

And when the people do give you power, it's good to wield it to benefit them. And for the common good, you know, that's the least we could do. Yes, sir, Mr. Secretary, hope you have a very good Labor Day. And good to see you. Thanks for coming by.

Scott Turner (39:05)

God bless you.

Scott Besant (39:07)

September 10th. We celebrate the 10 year anniversary of of the Daily Wire. 10 years of leftist tears. New shows, big moves, bigger targets. And first up is our newest show, Friendly Fire.

Michael Knowles (39:21)

We're on the show. This is it.

Scott Besant (39:23)

No safe words, no moderator.

Michael Knowles (39:25)

My original proposal had been that Knowles should be moderator. We all agree on that.

Scott Besant (39:28)

We're celebrating our first decade and kicking off the next 10 years by doing.

Michael Knowles (39:32)

What we do best. It's really true.

Scott Besant (39:33)

Picking arguments, starting fights and filming the whole thing. Small talk.

Michael Knowles (39:38)

I think I got a little hungry. I hope that your wife made you that sandwich. Oh, my God.

Scott Turner (39:41)

I think we do need a moderator.

Michael Knowles (39:43)

Just a programming note.

Scott Besant (39:44)

September 10th on Daily Wire.

Michael Knowles (39:47)

Before you go, make sure that you like and subscribe to this channel and you will get many, many more videos. See you next time. If you know your party's Extension, press or say 1 to leave a message in our company mailbox. Press or say 2. Spoiler alert. It will be full representative.

Scott Turner (40:08)

Would you speak to your mother in that tone?

Michael Knowles (40:11)

Speak to a real human being. You shouldn't need to shout into the.

Scott Turner (40:14)

Void to get your health insurance questions answered. Pacific Source Health Plans.

Michael Knowles (40:19)

This is a real person. How can I help you?

Scott Turner (40:22)

Human Service not automated phone trees.

Michael Knowles (40:25)

Pacific Source Health Plans These are questions that take cultures thousands of years to answer. During Answer the Call, I take questions from people just like you about their problems, opportunities, challenges, or when they simply need advice. How do I balance all of this grief, responsibility? How do you repair this kind of damage? My daughter, Michaela, guides the conversations as we hopefully help people navigate their lives. Everyone has their own destiny. Everyone.