All right, folks, October 10th and
1966, The Beach Boys released Good Vibrations,
which became a huge hit,
also carried over to the next year,
became sort of a theme for the
1967 Summer of Love. And I thought about this as
I'm watching yesterday,
right? Democratic presidential nominee and current VP Kamala Harris and
her running mate,
Minnesota Governor Tim Walzen. They spent a lot of time
on voters basing their decision on the next commander in
chief on Good Vibrations.
And you know what, right now it seems to be
working.
So I want to bring in Peoples
Corporation founding CEO Don Peebles.
And Don, listen,
we are already listen. We know that people vote against
their own self-interest all the time.
I mean, there's no doubt about it,
but things are getting bad.
We're seeing the lowest paid workers in this country really
suffering big time job losses.
We see in delinquencies go through the roof.
This talk of recession. Do you think people will really
vote for vibes over substance or vibes over an empty
wallet?
Some will, but most won't.
The reality is, is that the Democrats need to focus
on economic policy right now.
It's not a winning argument for them because you can
look at what's happened the last 3 1/2 years.
But what the focus seems to be is the Democrats
want to make people more comfortable in poverty,
want to make people more comfortable with this growing wealth
despair
disparity, and then to blame others for that disparity as
opposed to some of the policies that they've implemented.
And I think that's been the challenge of the party
for quite some time.
And, and, and, and to your point,
it, it does work. It has worked,
but it feels like it's diminishing,
right? Younger folk voters are seeing,
I mean, all you got to do is go on
social media,
go on TikTok and young people are talking about becoming
rich.
They're talking about working hard and being CE OS.
And these are young folks who traditionally would just automatically
give Democrats their vote.
Yeah. Well, what? Look, our country is a nation of
optimism.
We are optimistic about the future.
We always expect the future to be better for our
children than it is for us,
and we work hard to help accomplish that.
The headwinds have been some of these policies that have
hurt access to the American dream,
like poorly preparing our kids in an educational system that
has failed our children.
The public education system failed our children.
Yet the Democratic Party will not embrace charter schools because
it's captive to the teachers union.
The reality is, is that we can't take the American
dream from people who've already achieved it through tax policy.
We need to create an environment of upward mobility.
And I think that is what young Americans want.
And that goes beyond, transcends race,
transcends gender, transcends national origin.
I mean, people came to this country for opportunity as
well.
There's a lot of talk of recession.
We're going to put a chart up of recent recessions
and,
and what happens coming out of them.
Almost every single time we've come out of them,
the wealth of the 1%
of the 1% ratchets up even faster,
even higher. Now we know money makes money,
but is there something, you know,
we've been talking about the Federal Reserve and money printing
all day long.
Is there something about the system that when we get
through these economic downturns,
the Cures always seems to help the richest folks more
than than everyone else?
Well, because it's a catch up policy perspective.
What's happened is rich people who have money and access
to capital can then buy things when they're on sale,
when they're discounted. You talked about it earlier.
When there's a sale, there's a buyer.
You know, you have the Good Vibration song coming on.
And that's in 1967. Well,
let me give you a statistic.
In 1968, the home ownership rate for African Americans,
it was greater than it is today.
The wealth disparity between black and white Americans was
is greater today than it was then.
The income disparities were are greater today than back in
1968. So what does that tell you?
Tells you that these policies that supposedly are trying to
help minorities and people of color have not.
They've gotten people more comfortable in poverty and put them
in perpetual poverty.
And now these headwinds have
killed the dream for even the middle class.
And I think that the middle income voters and working
families in this country to vote for policies that do
not offer upward mobility and preparation to go out here
and compete in our society
are destined to fail. And I think voters have really
figured this out,
especially the young voters. Donya,
you're fantastic. Can't wait to get you back in the
studio.
Talk to you again real soon,
my friend. Thank you very much.
Thank you.