Tariffs Create a Controlled Path to Prosperity

0:00 Speaker 1 Sunday morning. What it’s like every Sunday’s Governor David Patterson get things off his chest, and as a common sense Democrat, he deserves to get off his sest. Well, Governor Patterson, what’s up this morning?

0:14 Speaker 2 Three days ago, John the FED, the New York branch of the Fed, estimated that it will cost investors an average of one thousand dollars a year. And it must be small investors because the tariffs that President Trump has agreed to have cost a lot of money and it is not just companies but individuals who will be contributing

0:40 to that. Now.

0:41 Speaker 2 I don’t think that President Trump refuted that, but I don’t think that he really should have, because the whole idea of the tariffs, as a lot of financial decisions are hatched, comes from the idea that over time you were going to be immensely in a better position than you are than when you first set them up. So

1:05 I don’t really have a problem putting my thousand dollars up this year.

1:10 Speaker 1 Well, to tell you truth, I feel the same way. I think what the President Trump is trying to do is balance out what foreign governments are doing. I mean in pharmaceuticals and food in automobile prices, and what he wants to do is to make things fair for all sides.

1:34 And some of our politicians in the past have been so dumb foreign governments took advantage of them.

1:42 Speaker 2 The unfortunate situation, John, is that the people who had decision making capacity in our government, meaning the president, the President’s cabinet, you know, the finance people in the administration. These individuals were over their head. So when someone comes along and makes a decision like this, it looks like they are overspending or in some way creating risk. And

2:13 nothing could be more antithetical than the fact that they’re actually creating a pathway for everyone to be financially much better off than they were when the President came into office. Now, you know, I have my own, you know, disagreements with him.

2:30 I don’t think it was fair of him to threaten the six Republicans who voted against his tariff policy that he wants to primary them. I think that’s out of line. But when he’s really focusing on the business and not the interaction with his colleagues, I support that decision, and I’m really quite sure that it’ll work.

2:54 Speaker 1 I agree with you one hundred percent, and that the fact is he brought guests prices. You know, the things that drive our whole economy is the price of energy and fuel, the price of interest rates, and he’s brought down the price of energy and fuel tremendously. Interest rates.

3:17 What happened this morning with inflation going down, interest rates are being driven down. So I think between the two of them, its overall is good for the economy.

3:28 Speaker 2 Yeah, and you know, with all the other situations that are going on, the foreign policy issues, the visit from President she coming in a few months, and that kind of thing. To be able to manage with that type of capacity where you can actually envision how things will be in a few years, that’s what makes great leaders,

3:53 even great leaders that you don’t like, they kind of know which way things are going and they make sure that they are the architect of it.

4:03 Speaker 1 Governor Patterson, I agree with you, And you know what I hate the most. I hate I hate people that hate that. Democrats and Republicans always have differences, but if they sit around a round table or a square table, historically we’ve always made a deal, and I know we should resume doing that.

4:27 Speaker 2 You know, John, I was elected in a special election nineteen eighty five to go to the New York State Senate. And the first day I went in there, there were these two senators and I thought they were gonna get up and swing at each other. One was center Frank Patavan from Queens and the other was Sener Roy Goodman

4:42 from Manhattan. And I thought, Wow, I don’t know if I should have run for this office. I don’t know if I’m going to survive here. After the session, I went down to the lunch room and who’s sitting together talking and laughing but Patavan and Roy Goodman. That’s the type of leadership. And that’s the type of elected officials

5:05 we have to to support today because this reckless acrimony is going to kill all of us.

5:15 Speaker 1 Governor Pattison, I agree with you. Let’s work together and get both sides together to sit down and have a better America. Thank you so much for calling in this Sunday morning.

5:27 Speaker 2 And John, let me get off the air before you disagree with me.

5:30 Speaker 1 Ah well, always agree. So what did the governor? What did the mayor ed Cotchius to say? If you agree with me seventy percent of the time, that’s very fair. If you agree with me one hundred percent of the time.

5:44 You’re probably a little crazy exactly. Thank you so much, thank you