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Hey, Bill O'Reilly here. Welcome to the No Spin News. Tuesday, June 10th, 2025. Stand up for your country. We will have an update on the L.A. situation momentarily. And we found out who's paying for these violent riots. And I will tell you, you will not believe it. I didn't believe it, but it's true. When you hear this.
But first, a talking points memo. Medicaid propaganda. Now, this is important to you because it will be a focal point for the Democrats trying to regain power in 2026. Medicaid. Okay, let's walk through it. Now, most Democrats want socialized medicine. They believe, as Bernie Sanders has stated very clearly, that free medical care is a human right.
All right, this is beyond any dispute. Okay, so I would say 90% of Democrats believe that. If you don't believe it, it's hard to be in that party. So the Democratic Party doesn't want any reforms or cuts to Medicaid or Medicare, which is the federal program. But let's just focus in on Medicaid. So it's a joint federal state program that covers medical costs for people with limited income. And it's a safety net that's needed.
there's some people particularly uh with children young children who just can't make it in our society we just can't let them die all right so in the great depression the safety net started and the medicaid system is uh evolutionary out of that now in 2024 last fiscal year
The federal government put into Medicaid $584 billion of our tax money, and the states picked up the rest, which wasn't near $584 billion. So the federal government's picking up the most of the cost of this program. Since 2019, the Medicare enrollment has increased by 6 million Americans, up to 79 million.
There are 335 million people here, 79 million of them get Medicaid. And that's a fairly significant increase since 2019. The problem is there are no restrictions on the Medicaid program. You don't have to look for work. Even if you're able-bodied and you don't have children, you don't have to look for it. You can just sit there, enroll. So if you're a drug addict, you don't have any money.
and all day long you're getting high, you can get Medicaid and just take your drugs, spend all your money on drugs, and you'll get free health care. Does that sound fair to you? It's not. So Republicans want to revamp the system, providing more oversight for it. They want a work requirement, or at least you have to look for work. Now there are some, obviously if you're an older person, you don't have to do that.
OK, so it has raised the age, I think, to 64. If you're below 64, you've got to look for work. If not, you don't have to. OK, if you have children six or younger, you don't have to. OK, you mind the children. But overall, it's a demand by the federal government that you have to try to get some work to try to get off this system. And Democrats don't want it.
They don't want any regulations at all. And therefore they're taking Medicaid and they're propagandizing it. Roll the tape. Last week, Senate Democrats zeroed in on the way Donald Trump's big ugly bill will rip away health care from tens of millions of Americans.
at least 16 million Americans in total, no health care. Don't forget, the reason they're fighting is because Donald Trump wants to devastate Medicare and Medicaid and other middle class programs, and Eli just wants to eliminate them. There was a report, a study done by Yale University and the University of Pennsylvania. They said 50,000 people a year are going to die, are going to die because of their lack of health care.
Now, it's all BS, and you can take any study and twist it any way you want, but nobody's going to be dying in the street. Now, people believe what they want to believe, and, you know, people who don't like the Republican Party and Donald Trump, they're going to believe Bernie Sanders, and they don't care what the facts are, but you do. So let's go through it. In this big bill that President Trump wants passed, there are no direct cuts to senior citizens at all in Medicaid. None.
Not in there. OK. As I said, if you are below 64 years of age, you got to look for work to qualify. OK. And then parents with children older than six would have to meet a work requirement. They have to look. But that's dicey. OK. So there's no work requirement if you have dependent children at home.
It's confusing as everything is, but the federal government is not going to give you up Medicare or Medicaid if you have kids in the house that depended on you. All right. So states like California, Oregon, Washington state, we've studied them and they use Medicaid payments to pay for dance classes, cooking classes. Then it's just as corrupt as you would imagine it to be. Federal government says you can't do that.
You've got to be oversight. You've got to be rules. You've got to obey the rules to get nearly $600 billion in payments. Does that seem, any of this seem unreasonable to you? I mean, if it does, bill at BillOReilly.com, bill at BillOReilly.com. I mean, I don't see anything here that's unreasonable at all. Nobody's going to die. Nobody's getting chucked off the rolls unless they refuse to look for work. I mean, how hard is that? You don't even have to get a job if they look.
and you have to provide documentation that you are looking. Okay. But this is going to be continuing. You'll hear they're going to be dying, they want to cut, they want to do this, that Trump's killing people, the children are this, that, and the other thing. It's because the media doesn't care about it and will not correct the record. There's no fact check on these people when they say this. I'm the fact check.
all right and that's the memo all right la so thank god i mean that literally we should all be praying for peace in our country uh things are calmer in la last night there were a few arrests but they haven't put them out yet uh there's a small group of agitators that are running around trying to cause trouble but this has not morphed into what they call an organic protest there's no base okay so uh the troops worked
Federal buildings were protected. No car set on fire last night. Nobody hurt. There are 1,700 National Guard in LA, 350 Marines on the ground right now. And the reason that those troops are there is because of the Los Angeles Police Department. Their chief, Jim McDonnell, said this on Sunday. Go.
Tonight we had individuals out there shooting commercial grade fireworks at our officers. That can kill you. And we have adapted our tactics to be able to have a chance to be able to take these people into custody and to be able to hold them accountable. We are overwhelmed as far as the number of people out there engaged in this type of activity and the type of things that they're doing.
They'll take backpacks and the backpack will have a cinder block in it. They have a hammer and they'll break up the cinder block and use that, pass it around to throw at officers, to throw at cars and throw at other people. So Chief McDonald says the local police in Los Angeles are overwhelmed. So what would you do? Let's face it, the U.S. economy is under stress. National debt rising, trade war shaking the markets. And meanwhile, China is dumping the dollar and stockpiling gold.
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So Trump has no confidence that Governor Newsom and Mayor Karen Bass will do anything. And I'm with him. Those people don't want to confront these demonstrators. They're open border people.
They are. Newsom in the last two or three months has said, ah, maybe we shouldn't have an open, but you know what they are. There's never going to be any responsibility taken by the local California authorities. They're the most liberal state, not only in the union, but in the history of the country. There's never been a state more liberal than California, ever. Okay. So,
Trump says, look, it's a good issue for me, as we went over yesterday. My MAGA base wants a tough guy approach. I'm a tough guy. I'm sending in the troops. But it worked. Okay, so therefore, Bass and Newsom look stupid. They're embarrassed. Now, they're not really embarrassed because they're beyond that, but American people are watching this pretty closely. So Trump wins. Now, here's something interesting.
The state of California is going to sue the Trump administration. They're going to lose. And that's millions and millions of more taxpayer dollars out of California wasted. The reason they're going to lose is the Insurrection Act of 1807. So if you read Confronting the Presidents, you know that Thomas Jefferson was faced with a couple of problems in 1807. Number one, the Spanish were coming into Louisiana.
and trying to establish themselves there. And number two, Aaron Burr, who was vice president under Jefferson's first term, was fomenting an insurrection west of the Mississippi River, for which he was arrested and charged. He was acquitted, but he did it. So Jefferson had Congress make up the Insurrection Act of 1807, which allows all presidents
to bring in federal troops to quell these kinds of disturbances. Okay, now we have learned that in Washington, this is the center of propaganda in the United States, the Democratic machine has pumped out talking points about the riots, okay? And the main talking point is that President Trump, quote, manufactured the crisis. This is coming out of Washington, K Street.
Roll the tape. We are here to support local law enforcement, the sheriff's office, LAPD, but they didn't need that support. He made this up. This is a manufactured crisis. This is a manufactured crisis created by Donald Trump. This is classic, you know, Trump playbook. Manufactures a crisis. Again, this is a situation where I think the president and the administration are trying to manufacture a crisis to justify the continued militarization of our streets.
All right, so they all got the memo, and I mean the memo. It's sent out. It's faxed out, all right, every morning. And it is just parrots. You see that time and time and time again. All right, so summing up, Trump wins, Newsom loses, country wins, L.A. isn't burned down, nobody dies, and that's the memo.
All right, Just the News. This is an unbelievable story. I got to give full credit to John Solomon for this story. Just the News is a news agency like BillOReilly.com and it's independent. So they did some research to find out who pays for these kinds of demonstrations in Los Angeles. Well, the main agency is the Coalition for Humane Immigrant Rights.
Coalition for Humane Immigrant Rights. This is funded by far left people like the George Soros Open Society Foundation. Pours a lot of money into it. And then these people organize the protests. But this isn't the worst part about this. The state of California finances another group, okay?
And it is called the LA Rapid Response Network. It also finances the state of California, the Coalition for Humane Immigration Rights. So that's tax money going into this organization. So during fiscal year ending June 30th, 2023, the Coalition for Humane Immigration received from the state of California
$34 million. $34 million. So the state of California paid for those rides with tax money. Hear that anywhere else? John Solomon had it, but we had to pass it along. Staggering. All right, President Trump's at Fort Bragg today, 250th anniversary of the U.S. Army. A big dog and pony show, that's a cliche. Down there in North Carolina, we wish everybody well.
Finally, Kamala Harris is living in Los Angeles. She wants to be governor when Newsom hangs it up in 26. And she issued a statement about the riots. Quote, I'm appalled at what we're witnessing on the streets of our city.
deploying the National Guard is a dangerous escalation and to provoke chaos. In addition to the recent ICE raids in Southern California across our nation, part of the Trump administration's cruel calculated agenda to spread panic and division on quote. This was posted on X. Okay, you will remember that as Vice President Kamala Harris was tasked by President Biden with finding the root causes of illegal migration. Did you see a report on that?
If you did, please let me know where it is. Kamala Harris was on the border less than an hour, one hour in four years. She's an open border advocate, no constraints at all. She's a nerve. I mean, this woman was put in charge of this. You gotta find out why these people are coming in. We all know why. She didn't do anything, nothing. Didn't try, didn't go down there.
And she has the nerve to do this? Okay, Trump tariff. So they're meeting with the Chinese, and I know this because unfortunately I got roped into this China stuff. And Lutnick, the Commerce Secretary, Howard, says going well with the Chinese on a trade front. I don't know.
I have a big call tonight on this. I'll try to report tomorrow if I learn anything. I don't know. All I do know is that if China makes a trade deal with the USA, all of the other countries will follow. And all of the fears about a recession and inflation will subside, except in a crazy way.
categories okay so it's important this Chinese stuff is important and again you know I'm not gonna go over this but I was over in Beijing and you know it we've reported it if you missed the story somehow go to Bill O'Reilly dot com but I'm up to my eyebrows in this thing and I don't even know how I got in it but I'm doing it for my country anyway talker research pretty good outfit they talked to 2,000 Americans regular folks
about their spending. And here's what they found out. All right. 77% have changed how they manage money due to economic uncertainty. That would be the tariffs. 86% feel the economy remains uncertain. 58% believe a recession is inevitable. Wow, it's a big number. Average American expects financial uncertainty to last another 10 months.
Also, 39% are avoiding credit card interest or fees. That's a good thing. 28% are working to improve their financial literacy. They're trying to figure it out. 23% are exploring different payment options. And 90% are seeking more value from their financial providers. Okay, so in February, I did a...
event with the chief financial analyst at the Oxford Club. And you may know that I have an association with them all the way back to 2003, and they've done very well for me. And we talked about what might happen under a Trump administration in the markets. But then the tariffs hit and all of that went to hell. And so Alexander Green joins us now.
So, Alex, did you have any idea these tariffs were even being discussed when we spoke in February? I did. I'm a big fan of Trump extending the 2017 tax cuts and deregulating business and extending our –
position as in the energy renaissance, but I'm not a huge fan of the tariffs and I didn't really mention the tariffs because I don't think that they're a positive thing. I do think that they're positive to the extent that we can get other countries to treat us more fairly, but just to protect American businesses is not necessarily a good thing because it raises costs and invites retaliatory actions from countries overseas. Okay, but what happened was that once the tariffs were announced, the markets went crazy in April.
And people lost a lot of money on paper. Now, I said to my audience, hang tough. And the markets did recover. But the uncertainty and the fear that came about because of the tariffs is still there. Would you disagree with that? No, I agree completely.
pretty completely you can see that what happens in the market is every time that the trump administration says they're going to impose or increase tariffs the stock market goes down and every time they say that they're going to delay or reduce or negotiate away the tariffs the stock market rallies and the reason for this is is very simple bill
tariffs create uncertainty when businesses don't know what their costs are going to be. They don't buy inventory. They don't hire employees. They can't expand because they're sort of frozen by the uncertainty. And so the reason that the markets have rallied now 25% from the market low after Liberation Day to where we are now is simply that investors don't believe that the worst case scenario is
is going to be what we're stuck with in the end, that the tariffs are going to be reduced or negotiated away. So to that extent, the market is celebrated. And that's why we're up 25% from the lows of two months ago. Yeah, but that's what people want to believe. That's not necessarily that would happen. So I told my audience last week that I have sold off some stocks.
that are speculative not my core group not the group that provides dividends but the ones that are speculative I sold them because anything could happen on any day and uh with these Chinese negotiations and all of that it's very complicated now when I was in North Asia uh 10 days ago I did not see one American car in Japan or China or Korea not one and I was on the road
I mean, where are we going? And I said to myself, you know, in theory, she's made up her mind. Get pretty smart. Learn to budget responsibly right from the start. She spends a little less and puts more into savings. Keeps her blood pressure low and credit score is in. She's got to get right out of her life.
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Trump is right. We're getting a hose. These countries are not taking our cars and a lot of other of our goods. They're making it impossible for us to sell them abroad. Biden and most of the other presidents ignored it completely because it's such a hot issue and could go either way. But Trump decided to take it on. Now that leaves the investor in the land of uncertainty, correct?
That's correct. And again, to the extent that we can use the tariffs as a bargaining chip to get other countries to reduce their tariffs, I'm completely in favor. But that's what's happening, Alex. I mean, he's going to have a 10% tariff on everybody. That's the admission fee to do business in the USA. That's going to happen. He's not going to blast that out. But if they make a deal with China, and again, very complicated with China, but China's hurting. The Chinese economy is hurting big time.
But investors, they're getting whipsawed every day like this. So then my question to you as a stock picker is, what do you do? Well, there's a few things you can do. First of all, I'm not a market timer. I do commend you, Bill. If you're going to lighten up your positions, do it after the big rally we've had over the last couple of months. That's what I did.
That's what I did. Good for you. But I'm an optimist long term because you can look at the long term chart at the start of the market and it goes up and to the right. So we know that things do well over time. But what you can do now is, number one, you can avoid investing in companies that are hurt by tariffs and not just by tariffs of countries.
exporting to the United States, but also countries that are exporting that face retaliatory action. So you can avoid the companies that have the big tariff problems. You should also be aware that one of the reasons you don't see a lot of American cars on the road when you go overseas is, quite frankly, they make very good cars in South Korea and Japan and other parts of Asia. The best-selling sedan in the United States is the Camry, then the Corolla, and then the Civic, and then the Accord, and so on. So it's even Americans that...
like a lot of these Asian-made cars. But as an investor, you want to invest in those companies that have such a competitive advantage or either not hurt by the tariffs or they operate in industries that are resistant to the tariffs. A lot of service companies, for instance. Well, that takes a lot of research, though, Alex, for the individual person to figure that out.
I mean, you're going to be up real late trying to do that. No, you're right. Listen, Bill, I'm a stock picker. That's the kind of company I'm looking for. For the average investor, you know what they should really do is do what you've done with your core portfolio, which is sit tight and ride out the inevitable ups and downs because you're right. No one knows exactly how this is going to play out. Not even Donald Trump. Because he only controls a lot of the equation.
He can't know what the other side is going to do in retaliation for what we do. So that's all the uncertainty. That's why the stock market is up and down is because no one really knows how this is going to play out. But let me just say that research shows that if you miss the best 10 days in the market over a 20-year period, your returns are cut in half. So if someone gets out of the market completely –
they they run the risk of missing some of the biggest gains because you just don't because things could be resolved very positively positively for american businesses and that means good things for corporate profits and good things for the stock market there's no doubt that could happen i mean but china is the key to it and china is very rough um... you know when i was uh... speaking to them i made this point to china uh... i said you know in the united states if we have a recession people have
401ks, they can refinance their finance or mortgages. Many people have savings accounts to fall back on. You guys have nothing. Okay, nothing. And your 1.5 billion people have to eat. Your economy goes south, it crashes because the worldwide economy would be affected. All right, you're gonna have a problem. So it's best for you, China and the United States to make a trade deal.
That was my presentation. There was no pushback because the Chinese people have no reserve. They don't have any money. That's communism. No, you're right, Bill. There'll be political unrest. They quit publishing how many young people are unemployed because they don't want them to see that it's a nationwide problem. But the government will employ you there. They have enough resources. So if you're out of work, they'll give you a broom.
And you'll get enough to feed yourself. But if more factories close, and that's what's happening now in China, the factories that make the hats and the shirts and all of that stuff, they're closing. And because this month was the worst month for Chinese exporting into the United States in 25 years.
And that'll continue. The Americans hold some advantage. And I don't want to get into microeconomics. But the last question I have for you is that people are terrified, Alex, because this is beyond everybody's control. You know, human beings like to control their environment. They like to control their money, their security. They can't control it.
And if you've got IRAs, if you've got college funds, if you've got mutual funds, you can't control that. You're at the mercy of forces far beyond you. And I don't think that's a healthy thing.
Well, you're so right, Bill. With these tariffs, nobody knows. But think about it. Under ordinary circumstances, you don't know what GDP growth is going to be. You don't know what inflation is going to be. You don't know what corporate profits are going to be. You don't know whether the market's going to go up or down. Uncertainty is just part of the cost of admission when it comes to investing. No one can tell you.
what all those things will be. But we can look back at history and see that nothing has outperformed a diversified portfolio of U.S. stocks over time. And the best thing that most people can do with all these uncertainties they're facing is not to freak out and run to cash. Because if you do that, the risk that you run is that while you're in cash, the market does something like
done the last two months which is it goes straight up and then you're you're faced with the choice between uh oh do i stay on the sidelines while i'm missing all the action or do i get in and having missed the rally be in for the next sell-off and that's the position you know what put yourself in so i think what you've done is wise bill you trim back your more speculative positions if you're uncertain about what lies ahead or particularly anxious about what lies ahead but stick with your core portfolio because
even after 9-11 and after the pandemic and after this tariff episode is behind us, we know that over time, sales rise, profits rise, and stock prices rise. And so the average person should really be doing what Warren Buffett suggested you do, which is sit on your hands and just ride it out. All right, Alex, Chief Investment Strategist of the Oxford Club. We really appreciate your expertise. Thanks for taking the time today.
All right, trans madness. I don't know how this issue really got out of control myself. There are so few human beings that want to become a gender they weren't born into.
Not many at all, but it is dominant now in our culture. And it has, of course, become a big issue in hammering the far left, which wants trans people to do whatever they want. And the far left wants us to pay for it. That's where I draw the line. So there's a study by Gallup. Gallup's a good outfit. OK, one thousand three U.S. adults. Here's what they asked.
Regardless of whether or not you think it should be legal for each one, please tell me whether you personally believe that in general it is morally acceptable or morally wrong. Changing one's gender, morally acceptable, 40%. Morally wrong, 54%.
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Go to selectquote.com slash Spotify pod today to get started. Do you think transgender athletes should be able to play sports on teams that match their current gender or the one they were born with? Okay. Able to play on teams that match their identity now, 24, born with 69. That is an astronomical plurality. And again, that hurts the progressive left.
Because that's not changing. That's not going to change. It's not like gay marriage or these other things that evolved over time. This is never going to evolve. People know it's not fair to have biological males compete against females. They know that. They're not going to change.
Next question, in your view, being gay or lesbian, something a person is born with or upbringing and environment? Born with 45, upbringing and environment 38, both 8. Fairly close. Final question, in your view, is being transgender, something a person is born with or acquired? Born with 30%, upbringing and environment 50%, both 7%. And that is the danger of children.
Getting involved with this madness. There should be laws in every state, 50 states, that you are not allowed to do surgery on a minor under the age of 18. Okay? That's it. The change of gender. Absolutely, all 50 states should have that law to protect immature minds. Am I wrong on that? No, I'm not.
Stay in history. June 10th, 1964, United States Senate breaks a 75-day filibuster against the Civil Rights Act of 64. What's that? Okay. Civil Rights Act under Lyndon Johnson banned discrimination based on race, color, religion, sex, or national origin. Outlawed segregation in public places.
prohibited employment discrimination, required equal access to public facilities and schools. Okay, that's all taken for granted now in 2025.
The senators who opposed that act were Russell of Georgia, Byrd of West Virginia, Strom Thurmond, South Carolina, Eastland, Mississippi, Stennis, Mississippi, Talmadge, Georgia, Irvin, North Carolina, Ellender, Louisiana, Smathers, Florida, Holland, Florida, all in the Deep South. They all didn't want
equal rights and some of them were absolutely outrageous like Strom Thurmond roll the tape there's not enough troops in the army to force their southern people to break down segregation and admit the nigger race into our theaters into our swimming pools into our homes and into our churches evil man
Now, he didn't make the cut for my book, "Confronting Evil," because his evil was rhetorical, but he was an evil, evil SOB. What did make it into "Confronting Evil" were the slave traders. We did a big investigation on that and who brought the slaves here and how much money they made. We found out that the two central men in America, two Americans,
that ran the slave trade, were the wealthiest individuals in the world. That's how evil they were selling human beings. But anyway, 61 years ago, Civil Rights Act passed. Thurman and his pals were disgraceful. Final thought that I think you'll enjoy, right back. Okay, here's a final thought of the day. Tomorrow we're going to do a takeout about one of the most important issues
not issues, situations is a better word, in America. And that is the declining quality of being a dad. If you go to prisons and you interview these violent people, almost all of them didn't have a father or had an abusive father, almost 100% across the board. And for some reason in our society, men are
being derelict in their father's duty. It's not an epidemic yet, but it's rising, especially in the minority communities. And we're not going to pull any punches tomorrow. We're going to give you the stats. A lot of fathers make mistakes. Mine did. But my father's intentions were good. So I forgave him the mistakes. And I honored my father, Fourth Commandment,
till his death. And my mother was a saint, so I didn't have a problem. But most Americans have parents that are, you know, you got to forgive them unless you're abusive, unless they were over the top and they harmed you in a way that you just cannot fathom. I understand that. Then you got to get away. You can't justify it. But most of the time, it's not at that level. And so I'm going to do this thing tomorrow. It's important.
If every family had a good father and mother in it, I don't think we'd have any crime. Thank you for watching and listening to the No Spin News. I'm Bill O'Reilly. We'll see you tomorrow.