04-10-26 Part One - The State of the Economy
Red Eye Radio
Cumulus Podcast Network
4.5 • 1.1K Ratings
🗓️ 10 April 2026
⏱️ 74 minutes
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| 0:00.0 | Now it's Red Eye Radio. |
| 0:09.3 | Gary McNamara and Eric Hurley talk about everything from politics to social issues and news of the day. |
| 0:17.1 | Whether you're up late or you're just starting your day welcome to the show from the relief |
| 0:22.1 | factor studios this is red eye radio we are red eye radio we are reddy radio he is here |
| 0:33.5 | carly and i'm gary macnamara good Just very briefly. Not that there's a lot of |
| 0:40.4 | economic news out there. You know, inflation number is supposed to come out later on today. |
| 0:43.9 | Right. But the one thing that you and I have always said, that when they, when they revised the |
| 0:51.1 | how they did the GDP, what was it maybe 13, 14 years ago and more of it was, |
| 0:55.8 | you know, money flowing instead of actually durable goods and services being produced by the |
| 1:00.7 | economy. Right. And one of the things we talked about was the way that how much government spending |
| 1:06.2 | affects a GDP. And government spending is not at all what really should be driving. |
| 1:13.7 | It doesn't drive economic growth. |
| 1:17.0 | What drives economic growth is the production in the private sector of durable, of goods and |
| 1:23.2 | services. |
| 1:24.1 | That's what does it. |
| 1:25.0 | Yeah. |
| 1:25.1 | And so when I saw that, I think it was National Review |
| 1:30.0 | that had it, they were talking about, okay, I'll give you that, because they revised the GDP for |
| 1:35.0 | the fourth quarter of last year from, what was it, 1.4% to 0.7. They cut it in half. And they said, |
| 1:42.1 | and the point was it's like, well, and we'll take into consideration |
| 1:45.2 | that the government was shut down. Well, if you're saying that the government was shut down for what |
| 1:50.7 | was it, month and a half maybe, for half of that and the GDP is cut in half? It makes our point. |
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