On Friday, December 2, 2022, Kim Monson explores the battle for House Speaker with Rachel Simmel from the Center for Renewing America, examines economic policy and cryptocurrency concerns with Dr. Brian Domitrovic from the Laffer Center, and uncovers climate science truths with Greenpeace co-founder Dr. Patrick Moore.
Rachel Simmel of the Center for Renewing America breaks down the high-stakes battle for House Speaker as Republicans prepare to take the majority. With Kevin McCarthy lacking the 218 votes needed for election, conservative members have drawn a line in the sand. Simmel reveals that McCarthy spent millions against conservative candidates in primaries, including over $13 million to defeat Joe Kent in Washington, making his leadership increasingly untenable for America First advocates.
The fight centers on McCarthy’s record of actively opposing conservatives rather than championing their causes. Simmel explains that unlike Senate leadership votes held behind closed doors, the January 3rd Speaker vote will be public, forcing every member to declare their position before their constituents. Currently, five or six members have publicly committed to voting against McCarthy, with 37 having voted against him in the private conference vote.
“Kevin McCarthy is somebody who not only is not the right guy at the right time to help save our country, he has actively fought against conservatives.”
Rachel Simmel, Center for Renewing America
Dr. Brian Domitrovic, economic historian and author with the Laffer Center, explains how America vanquished stagflation in the 1980s and can do so again. He notes the embarrassment of returning to 1970s-era inflation under current leadership and points to the economic prosperity of 2018-2019 under Trump’s tax policies as proof that supply-side economics works.
On cryptocurrency, Domitrovic remains bullish despite the FTX scandal, calling it a “classic scam” rather than an indictment of crypto itself. He emphasizes that Bitcoin and blockchain currencies represent private monetary systems that governments struggle to control. The market, he argues, has a “stellar record of self-regulation” far better than government oversight.
“If the United States is the desired currency, the world over people would gladly exchange what they have in order to get dollars around the world. What on earth are we doing with the tax system?”
Dr. Brian Domitrovic, Economic Historian
Dr. Patrick Moore, co-founder of Greenpeace, dismantles the climate change narrative with scientific facts. He explains how CO2 is not pollution but the essential food for all plant life on Earth. The extreme environmental movement exploits invisible phenomena like carbon dioxide and radiation to generate fear, while ignoring that increased CO2 emissions have actually caused a global greening of the Earth.
Moore points to the Great Barrier Reef, which just recorded its highest coral cover in 36 years of monitoring, directly contradicting claims of its imminent death. He notes that polar bear populations have tripled to quintupled since 1973 due to hunting restrictions, not despite climate change. On energy policy, he advocates for nuclear power as the safest technology ever invented, emphasizing that no one has ever been killed by a nuclear plant in North America.
“All the CO2 that we are putting into the atmosphere by burning these fossil fuels came from the atmosphere in the first place. It was all there before, and life thrived on it.”
Dr. Patrick Moore, Author and Greenpeace Co-Founder
Mary Alpers of Three Points Financial outlines essential year-end tax planning strategies for listeners. She recommends Roth IRA contributions for those under income limits and Roth conversions for those in lower tax brackets, noting that conversions must be completed before December 31st. For those over 70, Qualified Charitable Donations directly from IRAs offer tax advantages while supporting worthy causes.
“End-of-the-year planning is basically what you can control. If you have not yet done a Roth IRA and you can do one, we recommend that you contribute to a Roth because it grows tax-free.”
Mary Alpers, Three Points Financial
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