1 00:00:04,240 --> 00:00:06,880 Speaker 1: Welcome to a special bonus edition of Fear and Greed, 2 00:00:06,960 --> 00:00:09,280 Speaker 1: daily business news for people who make their own decisions. 3 00:00:09,280 --> 00:00:11,639 Speaker 1: Are Michael Thompson and good afternoon, Sean Aylmer. 4 00:00:12,080 --> 00:00:13,200 Speaker 2: Good afternoon, Michael. 5 00:00:13,360 --> 00:00:16,120 Speaker 1: As Sean, We've just seen the first of two US 6 00:00:16,239 --> 00:00:20,040 Speaker 1: presidential debates between US President Joe Biden and former President 7 00:00:20,160 --> 00:00:22,919 Speaker 1: Donald Trump. Wrap Up this episode is a quick take 8 00:00:22,960 --> 00:00:25,680 Speaker 1: on what was said, who won, what it means for 9 00:00:25,720 --> 00:00:28,880 Speaker 1: the US election in November this year. This was, of 10 00:00:28,920 --> 00:00:32,680 Speaker 1: course a CNN presidential debate live from Georgia. The way 11 00:00:32,680 --> 00:00:35,680 Speaker 1: it was set up was that there were two anchors, 12 00:00:36,040 --> 00:00:38,760 Speaker 1: no audience in the studio, so it created quite an 13 00:00:39,440 --> 00:00:42,559 Speaker 1: almost quite a sterile environment where there was no audience 14 00:00:42,640 --> 00:00:45,880 Speaker 1: reaction to any of the comments that were being made 15 00:00:45,960 --> 00:00:48,440 Speaker 1: or any of the speeches that were being delivered. Essentially, 16 00:00:48,479 --> 00:00:51,960 Speaker 1: there were questions peppered throughout from the two anchors. Microphones 17 00:00:52,000 --> 00:00:55,360 Speaker 1: were turned off when their opponents were speaking, which limited 18 00:00:55,400 --> 00:00:59,360 Speaker 1: the potential for interjections and distractions, creating really what was 19 00:00:59,360 --> 00:01:03,320 Speaker 1: a quite a unique debate environment, which was a unique 20 00:01:03,360 --> 00:01:05,679 Speaker 1: debate in general, because this is the first time that 21 00:01:05,720 --> 00:01:09,039 Speaker 1: you've had a former president taking on a current president 22 00:01:09,200 --> 00:01:11,720 Speaker 1: in a presidential debate. What did you make of it, Jean. 23 00:01:12,080 --> 00:01:14,800 Speaker 2: Well, if you were watching this without the sound on, 24 00:01:14,959 --> 00:01:18,160 Speaker 2: no doubt Donald Trump wanted he just looked better if 25 00:01:18,200 --> 00:01:21,240 Speaker 2: you had the sound turned on. Then it probably began 26 00:01:21,480 --> 00:01:24,679 Speaker 2: as a Donald Trump show. Then Joe Biden clambered back 27 00:01:24,720 --> 00:01:27,479 Speaker 2: into it, and at times he actually looked pretty good. 28 00:01:28,160 --> 00:01:31,600 Speaker 2: But I tell you what, Donald Trump, in terms of 29 00:01:32,040 --> 00:01:36,839 Speaker 2: the public relations push, kind of looked more capable, shall 30 00:01:36,880 --> 00:01:39,240 Speaker 2: we say, than Joe Biden. Now, of course, if you 31 00:01:39,319 --> 00:01:42,200 Speaker 2: actually listened to some of the answers, you might have 32 00:01:42,240 --> 00:01:45,600 Speaker 2: a totally different view. Mike, maybe we'll jump into some 33 00:01:45,640 --> 00:01:48,520 Speaker 2: of the stuff that they were talking about. I think 34 00:01:49,240 --> 00:01:51,840 Speaker 2: generally Donald Trump didn't answer any questions. I think that 35 00:01:51,960 --> 00:01:55,080 Speaker 2: came through He basically rebuked a lot of stuff Joe 36 00:01:55,080 --> 00:01:58,600 Speaker 2: Biden said, and it just seems that the debate rules 37 00:01:58,640 --> 00:02:00,480 Speaker 2: allowed for that. And so if you're looking at social 38 00:02:00,520 --> 00:02:02,520 Speaker 2: media feeds during it, people were saying, why don't they 39 00:02:02,520 --> 00:02:05,120 Speaker 2: get him to answer the question. Well, the debate rules 40 00:02:05,120 --> 00:02:07,880 Speaker 2: were set and agreed upon by the Biden administration, so 41 00:02:07,920 --> 00:02:11,200 Speaker 2: he ended up having Donald Trump and Joe Biden to 42 00:02:11,240 --> 00:02:15,480 Speaker 2: some extent, really having a crack at each other. I 43 00:02:15,480 --> 00:02:17,600 Speaker 2: don't think Joe Biden inspired a lot of confidence. His 44 00:02:17,720 --> 00:02:20,000 Speaker 2: delivery was faltering. He stumbled over some of the facts, 45 00:02:20,000 --> 00:02:23,600 Speaker 2: which adds to all that criticism about his age. Trump, 46 00:02:23,639 --> 00:02:25,880 Speaker 2: you know, he didn't answer many questions. It was actually 47 00:02:25,919 --> 00:02:29,040 Speaker 2: frustrating listening to Trump when you're trying to look for policy. 48 00:02:29,480 --> 00:02:31,880 Speaker 2: As one point there, Donald Trump said, this shouldn't be 49 00:02:31,960 --> 00:02:35,360 Speaker 2: a debate. I don't think it was. I mean, like, 50 00:02:35,400 --> 00:02:38,440 Speaker 2: there weren't many debate about ideas anyway, what do you reckon? 51 00:02:38,720 --> 00:02:41,440 Speaker 1: Well, the funny thing is that that Trump showed a 52 00:02:41,600 --> 00:02:44,120 Speaker 1: very good ability to bring it back to what are 53 00:02:44,200 --> 00:02:48,960 Speaker 1: his couple of key points. And if you were watching 54 00:02:49,000 --> 00:02:51,320 Speaker 1: this and you go, there's really only one policy that 55 00:02:51,360 --> 00:02:53,000 Speaker 1: I can kind of take out of it, and that 56 00:02:53,120 --> 00:02:55,160 Speaker 1: is immigration, that this is an election that he is 57 00:02:55,160 --> 00:02:58,160 Speaker 1: trying to fight on immigration. Because he managed to bring 58 00:02:58,320 --> 00:03:01,960 Speaker 1: everything back to immigrant and in particular back to the 59 00:03:02,000 --> 00:03:06,320 Speaker 1: Mexican border. Childcare came back to immigration, healthcare came back 60 00:03:06,360 --> 00:03:10,760 Speaker 1: to immigration, Medicare, medicaid, immigration, social security, immigration, even the 61 00:03:10,840 --> 00:03:14,160 Speaker 1: opioid crisis when that was brought up, what are you 62 00:03:14,160 --> 00:03:18,239 Speaker 1: going to do about the opioid crisis? Somehow that came 63 00:03:18,280 --> 00:03:22,040 Speaker 1: back to immigration as well. He really stuck to his 64 00:03:22,160 --> 00:03:25,400 Speaker 1: talking points and clearly what has been identified as a 65 00:03:25,480 --> 00:03:28,880 Speaker 1: strong point and a really something that's going to connect 66 00:03:28,919 --> 00:03:33,000 Speaker 1: with his voters, and everything came back to immigration. 67 00:03:33,960 --> 00:03:35,880 Speaker 2: It got a bit silly. I mean, there's an argument 68 00:03:35,880 --> 00:03:38,080 Speaker 2: about who had the better golf handicap and who could 69 00:03:38,160 --> 00:03:40,880 Speaker 2: hit the ball further. That was ridiculous. There was also 70 00:03:40,880 --> 00:03:43,480 Speaker 2: an argument about who's more likely to start World War three, 71 00:03:44,640 --> 00:03:50,120 Speaker 2: and you know, it was actually childish, which both I 72 00:03:50,120 --> 00:03:54,080 Speaker 2: think Trump said made some comment like that, and it 73 00:03:54,200 --> 00:03:56,080 Speaker 2: was it was totally childish at one point. I did 74 00:03:56,120 --> 00:03:58,440 Speaker 2: love the discussion about who was the worst president in 75 00:03:58,440 --> 00:03:59,800 Speaker 2: American history? 76 00:04:00,000 --> 00:04:01,960 Speaker 1: Well, and that we've talked about this on fear and 77 00:04:01,960 --> 00:04:04,320 Speaker 1: greed before, and about the fact that there was a 78 00:04:04,320 --> 00:04:06,840 Speaker 1: big study done not so long ago, wasn't it, And 79 00:04:06,880 --> 00:04:10,040 Speaker 1: that was quoted on a couple of occasions by Biden 80 00:04:10,640 --> 00:04:14,280 Speaker 1: where Trump was identified as the worst president in US history. 81 00:04:14,280 --> 00:04:16,080 Speaker 1: So at least it was kind of using something that 82 00:04:16,120 --> 00:04:19,359 Speaker 1: has been got a bit of data behind it, potentially. 83 00:04:19,120 --> 00:04:22,640 Speaker 2: Yeah, I think. So what was interesting Biden mostly avoided 84 00:04:22,760 --> 00:04:25,680 Speaker 2: jumping into the Trump's New York hush money trial, but 85 00:04:25,760 --> 00:04:29,120 Speaker 2: then Trump talked about he called Joe Biden's son Hunter 86 00:04:29,240 --> 00:04:33,520 Speaker 2: a convicted felon. You could see Biden physically react to that, 87 00:04:33,880 --> 00:04:35,760 Speaker 2: So then he went on to talk about Trump's case 88 00:04:35,800 --> 00:04:38,360 Speaker 2: directly by saying Trump had sex with the porn star 89 00:04:38,440 --> 00:04:41,120 Speaker 2: while his wife was pregnant. It did get pretty personal 90 00:04:41,160 --> 00:04:43,520 Speaker 2: at times, which I don't think was particularly pleasant when 91 00:04:43,520 --> 00:04:47,040 Speaker 2: you're looking at people who basically are going to lead 92 00:04:47,080 --> 00:04:50,360 Speaker 2: the free world. Where Biden looked best, I reckon was 93 00:04:50,360 --> 00:04:52,400 Speaker 2: when he was talking about how great America is. He 94 00:04:52,440 --> 00:04:54,120 Speaker 2: did a lot of that, and actually he looked really good. 95 00:04:54,160 --> 00:04:56,560 Speaker 2: Then Trump's been the whole time saying how poor it is. 96 00:04:57,320 --> 00:04:59,960 Speaker 1: Yeah, And I think that was interesting. When they did 97 00:05:00,080 --> 00:05:02,520 Speaker 1: get into the Stormy Daniels the hush money case that 98 00:05:02,800 --> 00:05:04,520 Speaker 1: you were right, that was the first time you actually 99 00:05:04,560 --> 00:05:07,840 Speaker 1: saw some real emotion on Joe Biden's face, And that 100 00:05:08,240 --> 00:05:11,040 Speaker 1: line Trump has the morals of an alley cat, I 101 00:05:11,080 --> 00:05:16,080 Speaker 1: thought was probably quite effective. A couple of other quick 102 00:05:16,120 --> 00:05:19,200 Speaker 1: things that Joe Biden did seem to lose his way 103 00:05:20,000 --> 00:05:24,360 Speaker 1: on a couple of occasions where he just wasn't quite 104 00:05:24,400 --> 00:05:26,680 Speaker 1: as sharp as he probably needed to be in a 105 00:05:26,720 --> 00:05:30,520 Speaker 1: debate where age is a big issue and there's only 106 00:05:30,560 --> 00:05:34,599 Speaker 1: three years between them, yet the difference today did seem 107 00:05:34,640 --> 00:05:37,720 Speaker 1: more pronounced than that, And part of that was there 108 00:05:37,800 --> 00:05:41,040 Speaker 1: was some briefing done by the White House, by the 109 00:05:41,080 --> 00:05:43,640 Speaker 1: President's office basically saying he has a cold. At the moment, 110 00:05:44,160 --> 00:05:46,640 Speaker 1: it's not COVID. He has a cold. That is the 111 00:05:46,680 --> 00:05:48,560 Speaker 1: reason why he has quite a shaky voice, and maybe 112 00:05:48,600 --> 00:05:51,960 Speaker 1: he's not kind of seeming as stable. So clearly they 113 00:05:51,960 --> 00:05:54,559 Speaker 1: were also aware that this was how he was being 114 00:05:54,600 --> 00:05:57,640 Speaker 1: perceived at that time. There are a couple of other 115 00:05:58,160 --> 00:06:02,320 Speaker 1: things that I thought on foreign policy, some points that 116 00:06:02,839 --> 00:06:06,880 Speaker 1: Donald Trump made about the fact that Ukraine wouldn't have 117 00:06:06,920 --> 00:06:10,200 Speaker 1: been invaded if he was president, wouldn't have been invaded 118 00:06:10,240 --> 00:06:13,320 Speaker 1: by Rush Repels president, and that Israel wouldn't have been 119 00:06:13,360 --> 00:06:18,200 Speaker 1: attacked by Hermas, that in these cases, in particular with Russia, 120 00:06:18,240 --> 00:06:22,880 Speaker 1: that Russia and Putin respected Trump because of his strength, 121 00:06:22,960 --> 00:06:25,159 Speaker 1: and so he was really trying to use that to 122 00:06:25,440 --> 00:06:29,719 Speaker 1: nail Biden as a week president and seen internationally as 123 00:06:29,839 --> 00:06:33,720 Speaker 1: a week president. And unfortunately he used a lot of 124 00:06:33,760 --> 00:06:36,600 Speaker 1: facts and a lot of examples that I don't think 125 00:06:36,640 --> 00:06:40,760 Speaker 1: are necessarily supported by the truth and fact check websites 126 00:06:40,839 --> 00:06:42,520 Speaker 1: are going to have a field day with it, but 127 00:06:42,839 --> 00:06:49,000 Speaker 1: Biden did not do the best job in refuting those examples. 128 00:06:49,520 --> 00:06:52,520 Speaker 2: So bottom line for me, Donald Trump looked better, more able, 129 00:06:52,560 --> 00:06:55,640 Speaker 2: more vibrant. But Joe Biden, if you listen to what 130 00:06:55,680 --> 00:06:59,440 Speaker 2: the candidate said, certainly had a lot more substance to him. 131 00:07:00,000 --> 00:07:03,320 Speaker 2: You're going to pick a winner Trump. What about you, Michael, I. 132 00:07:03,279 --> 00:07:05,560 Speaker 1: Think you're right. I think you were right. I think 133 00:07:05,560 --> 00:07:08,320 Speaker 1: that in the end, in a debate where we're one 134 00:07:08,400 --> 00:07:11,960 Speaker 1: of the main things that you're looking for is the 135 00:07:12,040 --> 00:07:15,520 Speaker 1: effective communication and the ability to convey this point, to 136 00:07:15,600 --> 00:07:19,320 Speaker 1: stick to your main message, and I think Trump executed 137 00:07:19,320 --> 00:07:20,520 Speaker 1: that more effectively today. 138 00:07:20,760 --> 00:07:24,600 Speaker 2: I must say the debate left me with disappointment, maybe 139 00:07:24,920 --> 00:07:28,640 Speaker 2: that they're the two best possible candidates to be president 140 00:07:28,680 --> 00:07:29,240 Speaker 2: of the USA. 141 00:07:29,680 --> 00:07:31,680 Speaker 1: I think you might be right. I think it's a 142 00:07:31,680 --> 00:07:33,800 Speaker 1: little bit alarming, isn't it that in the end, this 143 00:07:34,360 --> 00:07:36,840 Speaker 1: is kind of where we are. So it's going to 144 00:07:36,880 --> 00:07:42,640 Speaker 1: be seawan a very interesting few months between now and November. 145 00:07:42,720 --> 00:07:45,440 Speaker 1: There's so much theater, so much drama around it, But 146 00:07:45,560 --> 00:07:48,960 Speaker 1: in the end, it is vitally, vitally important because this 147 00:07:49,200 --> 00:07:51,679 Speaker 1: is essentially the election for the leader of the free world, 148 00:07:51,720 --> 00:07:54,280 Speaker 1: and this decision does have flow on effects right around 149 00:07:54,320 --> 00:07:54,640 Speaker 1: the world. 150 00:07:55,200 --> 00:07:57,920 Speaker 2: It's going to be a fantastic few months to report 151 00:07:57,960 --> 00:07:58,520 Speaker 2: on indeed. 152 00:07:58,600 --> 00:08:01,280 Speaker 1: Well, thank you very much, Sean, Thanks Michael, thank you 153 00:08:01,400 --> 00:08:03,840 Speaker 1: very much for joining us on this special edition, this 154 00:08:03,880 --> 00:08:06,840 Speaker 1: special bonus edition of Fear and Greed. Remember hit follow 155 00:08:06,880 --> 00:08:09,960 Speaker 1: on the podcast and please join us online on LinkedIn, Instagram, 156 00:08:10,200 --> 00:08:13,160 Speaker 1: x TikTok and Facebook. I'm Michael Thompson. Have a great day.