00:00I think he's done a bad job, but he's going to be out pretty soon anyway.
00:04In eight months he'll be out.
00:07But he's, I call him too late. He's too late all the time.
00:10He should have lowered interest rates many times.
00:12Europe lowered their rate ten times. We lowered ours none.
00:16And it's causing a problem for people that want to buy a home.
00:18Look, our economy is so strong now we're blowing through everything.
00:22We're setting records. You know that. You see that.
00:24And whether it's the Philippines or anyone else,
00:27we're setting records at levels that nobody's ever seen before.
00:30But you know what? People aren't able to buy a house
00:33because this guy is a numbskull.
00:36He keeps the rates too high and probably doing it for political reasons.
00:40The only time I remember him cutting rates,
00:42I mean he cut the rates just before the election to try and help Kamala
00:46or whoever he was trying to help. He probably didn't know.
00:49And he's building a building. He's $2.7 billion.
00:53They have a $900 million overrun.
00:56What is it? And that was given by Biden.
00:59That was another Biden deal.
01:01And this guy is building this building that's severely overrun.
01:05And what does he need the building for?
01:07Why does he need space for more people?
01:09So they did a big study the other day
01:11and they called all of the great intellects
01:14and the great economists and all of the great everything.
01:17And it was 71 and only two got it right.
01:21Me and another gentleman that happens to be very smart.
01:2669 people got it wrong and the Fed got it wrong, more wrong than anybody.
01:30And, you know, he has these think tanks and they build buildings for people that think.
01:36And it's really not thinking.
01:37It's a little bit of combination of thinking,
01:39but it's something you sort of have or you don't have.
01:43They don't.
01:44The job he's done is just terrible.
01:47He ought to raise interest rates.
01:48You know, we should be at 1%.
01:52We should be leading the world.
01:54Instead, we're paying 4%.
01:56And if you look at what that means,
01:59that's over a trillion dollars in interest that we have to pay.
02:02That with the striking of a pen,
02:05we would be saving more than $1 trillion.
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