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The John Batchelor Show

S8 Ep914: Jim McTague describes robust Memorial Day shopping in Lancaster County despite high gas prices. He warns that the economy sits in bubbles created by AI data centers and government spending. (5/16)

The John Batchelor Show

John Batchelor

Society & Culture, Arts, News, Books

4.52.8K Ratings

🗓️ 23 May 2026

⏱️ 9 minutes

🧾️ Download transcript

Summary

Jim McTague describes robust Memorial Day shopping in Lancaster County despite high gas prices. He warns that the economy sits in bubbles created by AI data centers and government spending. (5/16)
1900 HOTEL RAMONA LA, THIRD AND SPRING

Transcript

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0:00.0

I'm John Batchler, looking at Lancaster County, the best county in the Keystone State. If Lancaster County is doing well,

0:23.2

the Keystone State economy is doing well, and that means the United States is prospering.

0:28.4

If the other, then the other. Jim McTague, former Washington editor of Barron's magazine,

0:33.5

my eyes and ears in Lancaster County. Jim, the story of Memorial Day weekend is rain.

0:39.0

How much rain, and is it fun to walk in the rain in Lancaster County?

0:43.1

Good day to you, Jim.

0:45.0

Good day, John.

0:46.8

Whether or not it's fun to walk into rain depends on your personality.

0:51.4

Personally, I don't like to walk in the rain.

0:59.5

But there are people who do it. We're supposed to get one to two inches of rain this weekend. I have grandkids coming in from Colorado,

1:04.5

and I'm feeling guilty. I'm somehow responsible for the precipitation because they wanted to visit and go north to Hershey Park,

1:14.8

which is much more enjoyable in dry weather than it will be in the rain.

1:19.6

So, you know, as a grandpa, I have to figure out indoor activities.

1:25.3

I've gone through all my storage rooms, and I've managed to find three or four

1:29.4

board games. So we're set for every eventuality. Right. And you also have movie theaters. I know you

1:38.5

don't like movie theaters personally, but you can pretend buy everybody buttered popcorn, right, Jim?

1:45.7

I could, but I also have

1:47.6

a big screen television in my

1:50.0

basement, and I have a

1:52.0

CD with 50 years

1:54.1

of Looney Tune cartoons.

1:56.3

Who would not like

...

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