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Red Eye Radio

02-23-26 Part Two - Tariffs and the GDP

Red Eye Radio

Cumulus Podcast Network

News, News Commentary, Daily News, Government

4.51.1K Ratings

🗓️ 23 February 2026

⏱️ 38 minutes

🧾️ Download transcript

Summary

In part two of Red Eye Radio with Gary McNamara and Eric Harley, we discuss how Friday's SCOTUS decision on President Trump's tariff demands effects the global economy as well as precisely what tariffs mean. For more talk on the issues that matter to you, listen on radio stations across America Monday-Friday 12am-5am CT (1am-6am ET and 10pm-3am PT), download the RED EYE RADIO SHOW app, asking your smart speaker, or listening at RedEyeRadioShow.com. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Now it's Red Eye Radio, Gary McNamara and Eric Harley

0:12.1

talk about everything from politics to social issues and news of the day.

0:17.2

Whether you're up late or you're just starting your day, welcome to the show from the Unitan America Studios.

0:24.8

This is Red Eye Radio.

0:29.5

All across America, we are Red Eye Radio. He is Eric Carly, and I'm Gary McNamara.

0:34.7

You know, it seems like, by last night, I was thinking to myself, oh, yeah,

0:41.1

the GDP numbers and the tariff decision seems like they were 10 weeks ago.

0:45.7

Yeah. So much happened over the weekend. The new cycle just moves so quickly.

0:48.9

Right. But let's quickly hit the GDP. 1.4% came in below expectations, the administration and others. And it is true,

0:58.8

stating that because of the shutdown, the GDP was less. Remember, they were talking just a month ago.

1:08.0

Remember when the Atlanta Fed were 4.5% growth, 4.5% growth. Well, that's what the

1:14.1

Atlanta Fed was predicting, but it came in at 1.4%. One of the reasons is the shutdown. And that's

1:20.4

one of the reasons. Just as soon as I said that, I went, oh, Eric and I got to talk about it.

1:24.8

Because when they changed the way back over a decade ago that they figured out the GDP, we always looked at the GDP and said, this isn't the truest indicator of how the economy is doing because the movement of money is not necessarily the production of goods and services.

1:43.4

Right.

1:43.5

And so it doesn't give you a, I think a clear window as to where the economy is going.

1:53.9

Because government spending does not affect the economy the same way as private investment and producing a product does. Also, when you talk

2:04.1

about spending the money, even to build the infrastructure before a product is produced and sold

2:11.0

for a product, it does affect the economy in some way, but it doesn't affect it the same way as when you start producing the goods and services from that investment and making a profit on it.

2:26.7

Right. Yeah, exactly.

2:28.2

And so when you talk about the fact that they're devastated because government spending was down.

2:36.4

And remember, not on the entire economy, not on the entire government spending, but government

...

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