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Speaker 1: My name is Charlie Kirk. I run the largest pro

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Speaker 1: American student organization in the country, fighting for the future

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Speaker 1: of our republic. My call is to fight evil and

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Speaker 1: to proclaim truth. If the most important thing for you

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Speaker 1: is just feeling good, you're gonna end up miserable. But

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Speaker 1: if the most important thing is doing good, you'll end

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Speaker 1: up purposeful. College is a scam, everybody. You got to

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Speaker 1: stop sending your kids to college. You should get married

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Speaker 1: as young as possible and have as many kids as possible.

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Speaker 1: Go start at turning point, you would say, college chapter.

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Speaker 1: Go start at turning point, you say high school chapter.

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Speaker 1: Go find out how your church can get involved. Sign

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Speaker 1: up and become an activist. I gave my life to

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Speaker 1: the Lord in fifth grade, most important decision I ever

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Speaker 1: made in my life, and I encourage you to do

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Speaker 1: the same.

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Speaker 2: Here I am Lord, Use me.

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Speaker 1: Buckle up, everybody, Here we go. The Charlie Kirk Show

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Speaker 1: is proudly sponsored by Preserved Gold, leading gold and silver

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Speaker 1: experts and the only precious metals company. I recommend to

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Speaker 1: my family, friends and viewers.

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Speaker 2: All Right, welcome.

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Speaker 3: Our two of the Charlie Kirk Show is under way

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Speaker 3: and we are turning our sits on Iran.

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Speaker 2: There has been I would say, virgin or won't he will? Yeah, well,

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Speaker 2: well he or won't he is.

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Speaker 3: And we're talking obviously about whether or not Trump is

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Speaker 3: going to take kinetic military action fully support economic, moral,

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Speaker 3: support of the Iranian.

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Speaker 2: People, all that stuff. There's a huge question about military action.

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Speaker 3: Help us to help us unpack this is Maya Tuscy

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Speaker 3: I hope I got that approximately correct, founder of Tuocy

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Speaker 3: TV based out of London.

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Speaker 2: He's Iranian. Welcome to the show.

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Speaker 4: Thank you for having guys, Thank you.

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Speaker 2: Yeah. Absolutely.

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Speaker 3: So there's multiple questions swirling right now about the Iranan question.

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Speaker 3: If you're an American, right, will President Trump take action

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Speaker 3: militarily to support the independence movement that is obviously pouring

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Speaker 3: over into the But there's also a question about how

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Speaker 3: brutal has the regime cracked down on protesters really become.

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Speaker 3: I've seen some reports quote a number of twenty five

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Speaker 3: hundred dead, which is already extraordinary. By the way, I've

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Speaker 3: seen other reports that it's twelve thousand. Do you have

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Speaker 3: any insight on what the accurate figure is?

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Speaker 5: Yeah, so you can't really take any of these because

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Speaker 5: in the past We've had a lot of uprisings and crackdowns.

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Speaker 5: I've had hundreds and hundreds, sometimes over one thousand when

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Speaker 5: it comes to the massacre.

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Speaker 4: But obviously the official.

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Speaker 5: Figures that the mainstream media keep going with is, you know,

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Speaker 5: one thousand, sometimes six hundred on the ground. All the

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Speaker 5: information that we have from the hospitals and the whistleblowers

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Speaker 5: that obviously it goes to the idea that it's thousands.

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Speaker 5: There was a leak from the inner circle of Alikarmends

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Speaker 5: supreme leader a few days ago, and the documents signed

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Speaker 5: by him the direct order, and they believe they themselves

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Speaker 5: that it was about twelve thousand. Now they're also unofficial

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Speaker 5: figures that's just come out that is closer to twenty thousand.

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Speaker 5: But as President Trump said, even one is enough, and

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Speaker 5: that that is the main argument right now.

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Speaker 4: The mainstream media wants to get into.

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Speaker 5: The debate of well, if it's two thousands instead of

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Speaker 5: four thousand, then is it really our business?

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Speaker 3: That's the problem right there is sort of a it's

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Speaker 3: a weird math. You have to contemplate if you're going

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Speaker 3: to consider military action.

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Speaker 2: Is there a threshold?

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Speaker 3: Is there a is there a I mean it's it's

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Speaker 3: an awkward question to ask, but certainly when you're dealing

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Speaker 3: with Iran that has a history of squashing uprisings off,

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Speaker 3: often violently with lethal force, this is not necessarily something new.

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Speaker 2: But this is new because.

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Speaker 3: Of the scale and the scope and just how widespread

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Speaker 3: these protests have become in Iran.

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Speaker 2: Why don't you take.

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Speaker 3: Us into that psychology about what is driving these protests,

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Speaker 3: Why is this unique, why is this new, and why

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Speaker 3: does this maybe portend an actual change in leadership in Iran.

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Speaker 5: Yeah, So, firstly, when it comes to any potent action

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Speaker 5: by the US and President Trump, it's not really just

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Speaker 5: about the scale of the uprising we shall get into.

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Speaker 5: It's also about how dangerous the Islamic Republic has become

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Speaker 5: to the world, including to President Trump directly because they

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Speaker 5: tried to assassinate him a couple of times over the

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Speaker 5: last couple of years.

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Speaker 4: The reality of the.

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Speaker 5: Situation is that this uprising was obviously building up for

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Speaker 5: a very long time. They have had attempt of uprisings,

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Speaker 5: and of course there's been massive crackdowns because the regime,

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Speaker 5: or as the Uranians will call them, the Islamic occupation regime,

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Speaker 5: don't really care they will just kill everybody.

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Speaker 4: But this time round the regime is extremely weak.

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Speaker 5: The trigger point was when the currency in iron collapsed,

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Speaker 5: and that was over two weeks ago, almost three weeks ago.

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Speaker 5: And of course there is no there's a lack of water,

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Speaker 5: lack of electricity, lack of money, lack of jobs, and

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Speaker 5: lack of recognition of the international stage, and people said

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Speaker 5: enough is enough.

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Speaker 4: This time round, it wasn't just anger.

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Speaker 5: They are very, very motivated and they know they've got

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Speaker 5: nothing else to lose. Usually in the past, when you

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Speaker 5: kill a few hundred people, people would go home to

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Speaker 5: get scared. But after thousands who've been massacred, people continue

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Speaker 5: to stay out because they also finally have a unifying

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Speaker 5: leader in the crown. Prince Vesa and President Trump until

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Speaker 5: now has had their backs, which has really helped people

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Speaker 5: on the ground. But they definitely need support as soon

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Speaker 5: as possible.

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Speaker 6: So is there an ideological platform that you know, nites

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Speaker 6: these people other than wanting to overthrow the current government,

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Speaker 6: like do we have let's just hearing, are there are

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Speaker 6: there Islamists who also opposed the government?

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Speaker 2: Are there?

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Speaker 6: And also are there steps the government could take to

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Speaker 6: try to mollify this short of regime, short of total collapse,

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Speaker 6: like I guess apparently I learned recently there actually is

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Speaker 6: a council of clerics that could, for lack of a

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Speaker 6: better term, fire the Ayatola and say here's a new one.

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Speaker 2: Could something like that happen?

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Speaker 5: No, No, So that people keep comparing it to Gorbachev

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Speaker 5: and Soviet Union, it's very, very different because this is

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Speaker 5: a culture personality behind one figurehead, and the reality is

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Speaker 5: they basically pretended to do what you just said, like

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Speaker 5: performing from within things like that. Over the last few uprisings,

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Speaker 5: people know that this is an occupation. Since nineteen seventy

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Speaker 5: to nine there was a paramilitary occupation that basically resulted

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Speaker 5: thanks to Jimmy carter Us Democrats MI six, the Fifth

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Speaker 5: Republic in France that basically decided, let's get behind the

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Speaker 5: iotolers because they were scared that the Soviet Union in

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Speaker 5: the middle of Cold War are going to take over

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Speaker 5: Iran in the seventies, so they thought left back these guys.

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Speaker 5: They seem to be stupid enough that they can be

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Speaker 5: controlled as puppets that back far because the next day

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Speaker 5: there is limitsts went on and the chanted death to

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Speaker 5: America right now, your question about what you know in

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Speaker 5: terms of.

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Speaker 4: Power, vacuum or who is involved.

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Speaker 5: And Iran is very different to countries like Libya or

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Speaker 5: Iraq or Syria. There are no extremist groups in that sense,

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Speaker 5: there is no vacuum because people finally are united behind

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Speaker 5: one concept, even if not necessarily the crown Prince, which

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Speaker 5: it is true. They are all united behind the original

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Speaker 5: flag of Iran, the history, they heritage. They simply want

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Speaker 5: their country back. It's more similar to the situation in Poland.

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Speaker 5: After the National Socialists in Germany got kicked out, and

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Speaker 5: then again after the Communists from Soviet Union got kicked out,

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Speaker 5: Poland said, we just got our country back. That's basically

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Speaker 5: their fight. It's not necessarily like Iraq or Syria. There

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Speaker 5: are no really extremeinist groups. There is a tiny group

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Speaker 5: called mujahidin amk and there are about thirteen of them.

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Speaker 5: They're smaller than the Green Party. Nobody cares about them,

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Speaker 5: but that's the main goal that you know. People don't

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Speaker 5: really care about those guys. They are basically a Marxist

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Speaker 5: Islamic group. They used to be with the IRGC in

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Speaker 5: the seventies against the king, but then they split. They

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Speaker 5: basically had a fight, and now they also want to

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Speaker 5: bring down the regime because they want to have a

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Speaker 5: different version.

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Speaker 4: Of communist Islamic Republic. That is the biggest problem.

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Speaker 6: Well, what about another concern I know we've seen is

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Speaker 6: America's repeatedly had some in the Middle East where Utapola

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Speaker 6: government and then our own government is surprised to learn,

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Speaker 6: oh wait, there's a lot of ethnic grievances in the society.

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Speaker 6: This happened in Iraq notoriously, President in Bush apparently didn't

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Speaker 6: quite get the Sunni Shia split before we actually intervened.

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Speaker 2: We've seen it.

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Speaker 6: Of course in Syria. Lebanon is basically defined by those splits.

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Speaker 6: I know in Iran there's a series as well as

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Speaker 6: historical Iranians, there's other smaller groups. Is there any risk

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Speaker 6: of a crack up along those lines if there's a

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Speaker 6: power vacuum?

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Speaker 4: So that this was a worry a couple of decades ago.

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Speaker 5: In fact, under the Islamic Republic, these are different ethnic

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Speaker 5: groups and regional groups were essentially being divided. But over

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Speaker 5: the last few years, the movement against the Islamic Republic

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Speaker 5: is actually united them. You now have you've got the

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Speaker 5: Persian Iranians, so that's my ethnicity. We've got the Kurdish

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Speaker 5: Iranians as there is, and all the others, even the

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Speaker 5: Kurds in Iran compared to the Curds in Turkyo other places,

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Speaker 5: they are actually coting for a united Iran and they're

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Speaker 5: cacoding for the Crown Prince to return. So all these

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Speaker 5: other ethnic groups and other religious groups are getting together.

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Speaker 5: So ironically, the ioducy have united them. But again, as

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Speaker 5: I mentioned, it's very different to the situation in Iraq.

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Speaker 5: But it's the liberal mainstream media that are not helping

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Speaker 5: the situation. They continue to spread this propaganda where for example,

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Speaker 5: there's CNN and many others have been calling it economic

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Speaker 5: protests when it's an actual uprising.

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Speaker 4: They're literally calling for the overthrow of the regime.

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Speaker 5: But at least they're calling it something, compared to certain

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Speaker 5: other people, these self appointed queens of expertise like Candae Owens,

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Speaker 5: who were saying that there are no protests, there is

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Speaker 5: no uprising. It's just as sire by the Jews. She

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Speaker 5: literally said that yesterday, and that is embarrassing. There are

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Speaker 5: millions of people in Iran who are currently under occupation,

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Speaker 5: tens of thousands have been killed. At least thousands have

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Speaker 5: been killed, and apparently it's just the Jews. But right

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Speaker 5: now people in Iran have called for the support of

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Speaker 5: both the Crown Prince as their leader and the President

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Speaker 5: of the United States.

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Speaker 4: It's different to ten years ago.

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Speaker 5: If you have told me five years ago, ten years ago,

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Speaker 5: would you like the US to get involved, I would

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Speaker 5: have said probably not, because you need the consent of

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Speaker 5: the public. You need that consensus, and they know they

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Speaker 5: don't really want boots on the ground.

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Speaker 4: They don't want to put US soldiers at risk.

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Speaker 5: You simply need to have a strategic, precise target attack,

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Speaker 5: similar to when recently they picked up at Medora.

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Speaker 2: That's why.

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Speaker 3: As America turns two hundred and fifty this year, I

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Speaker 3: want to take a moment to remember that people who

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Speaker 3: helped build it, not the ones in the history books,

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Speaker 3: but the ones who woke up before the sun season

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Speaker 3: after season without seeking any sort of applause. And those

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Speaker 3: people are America's ranchers. For over two hundred and fifty years,

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Speaker 3: ranchers have worked tirelessly to feed America through every kind

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Speaker 3: of storm, through droughts, wars, recessions, pandemics, changing markets, and

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Speaker 3: changing politics. They never stopped. That's the kind of legacy

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Speaker 3: We've got more questions here. We've got a lot more

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Speaker 6: And we were talking a lot about the Shaw going

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Speaker 6: in uh saying, you were saying that there's large there's

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Speaker 6: actually almost unanimous support for the shot. But I guess

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Speaker 6: my first question is what does that actually mean? Because

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Speaker 6: my understanding is that Raza Palavi is basically just said

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Speaker 6: I'm willing to be a constitutional monarch, and so then

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Speaker 6: what would that mean. Could we get Islamist parties running

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Speaker 6: in the election who would then act on his behalf?

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Speaker 6: Or is there any is there a platform that exists

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Speaker 6: other than reinstall this old monarch.

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Speaker 5: But that's a very good question actually, because their propaganda

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Speaker 5: has been for decades and especially recently that oh, you

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Speaker 5: can't bring back the king because that's absolute monarchy, that's

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Speaker 5: the dictatorship. That not really this is the twenty first century.

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Speaker 5: It works in Britain, more modern Britain technically a constitution

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Speaker 5: monarchy and actually having parliamentary democracy, and it's going to

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Speaker 5: work in the one because these two countries have had

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Speaker 5: the history and the heritage. If I were to create

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Speaker 5: a new country from scratch, I'll probably create a more

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Speaker 5: of an American model with the constitution and everything else,

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Speaker 5: because the Republic in America has the good checks and balances.

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Speaker 5: But in those cultures, constitution monarchy works. And your question

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Speaker 5: is actually very important because what is the limits? Because

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Speaker 5: the crown prints his values are liberal democracy and of

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Speaker 5: course freedom and free speech, does there have to be

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Speaker 5: a line when it comes to certain groups or ideologies

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Speaker 5: being restricted or do you just allow it to happen.

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Speaker 5: So my personal opinion is that it's a very gray

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Speaker 5: area because yes, my instinct would say, yeah, probably ban

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Speaker 5: the radical communists and ban Islamitist radical Islamist from having

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Speaker 5: a party. But then doesn't that create a bigger problem

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Speaker 5: in terms of underground movements. But I don't really think

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Speaker 5: there's any problem overall in the cultures like Iran. They

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Speaker 5: don't really have is Liamits problems, and they don't really

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Speaker 5: have communist problems. They are socialists like any other country.

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Speaker 5: And generally speaking the culture obviously around thirty percent of

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Speaker 5: Iran or Muslim practicing Muslim, and they're Allushia, They're not

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Speaker 5: necessarily it's a Salk parties for the connection, by the way,

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Speaker 5: and so I'm not really afraid of that. But I

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Speaker 5: think if you're going to go with liberal democracy, you're

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Speaker 5: just gonna have to allow people to have the freedom

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Speaker 5: to set up their parties and basically have to check

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Speaker 5: some balances to ensure that the monarch prevents anybody from

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Speaker 5: becoming a tyrant.

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Speaker 3: So Mara Tusci, founder of two C TV, thank you again.

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Speaker 3: This has been a fascinating discussion. I have a kind

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Speaker 3: of appointed question. I'm just gonna preface at the top.

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Speaker 3: So we had Elka bond On, another Iranian perhaps you

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Speaker 3: know her, and she stated to us that the protest

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Speaker 3: will be successful only with outside intervention. It felt like

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Speaker 3: a direct pitch for American intervention. I you know, am American.

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Speaker 3: I'm born here, raised here, probably gonna die here. My

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Speaker 3: kids are born here. I care about America. Okay, And

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Speaker 3: forgive me if I have not heard this story before.

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Speaker 3: And it feels like we perhaps there is a propaganda

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Speaker 3: or a messaging campaign going on that wants to sort of,

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Speaker 3: you know, lead us down the path of another foreign intervention.

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Speaker 3: Now I've heard you say that this is different, this

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Speaker 3: is not like Libya, this is not like a raq

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Speaker 3: And I actually do believe you, and I actually am

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Speaker 3: convinced of that that Iran is different. I support economic

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Speaker 3: warfare to bring down the regime. I support moral support

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Speaker 3: from Afar. How how am I to interpret these signals though,

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Speaker 3: that we are perhaps getting dog walked into an other

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Speaker 3: foreign conflict in the Middle East when we have our

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Speaker 3: own problems here at home. And what would your ask

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Speaker 3: of the United States be?

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Speaker 4: Yes?

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Speaker 5: Well, the Americans should put America first, and you should

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Speaker 5: not really get dragged into different walls. And as I said,

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Speaker 5: I'm not advocating for the US troops to boots on

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Speaker 5: the ground. Iranians are not asking that either. This is

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Speaker 5: not Iraq in two thousand and three. On the one hand,

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Speaker 5: and on a more kind of personal emotional level, I

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Speaker 5: would say in my own subjective opinion, well, the US

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Speaker 5: government in seventy nine with Jimmy Carter caused this chaos,

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Speaker 5: not necessarily just for the Iranians, for themselves and for

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Speaker 5: the region. You create instability and an enemy. It will

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Speaker 5: be nice if you could fix it for yourself at least,

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Speaker 5: But you don't have to directly do regime change because

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Speaker 5: the people are ready to finish the job right now.

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Speaker 5: The priorities just stop the killings and paralyze the regime.

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Speaker 5: And the hope is that those inside the Iranian military

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Speaker 5: who are saying they are defecting, they can defect and

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Speaker 5: they can continue and finish the revolution.

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Speaker 4: That is a priority.

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Speaker 5: I'm not asking for President Trump to come in and

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Speaker 5: take over Iran and forced them to change the regime.

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Speaker 5: Simply help the people to finish the job that they

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Speaker 5: want to do, because whether we like it or not,

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Speaker 5: this is the American Empire and the United States is

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Speaker 5: the world Police. Doesn't have to mean that the American soldiers'

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Speaker 5: lives should be at risk every single day. Doesn't mean

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Speaker 5: the Americans have to be involved with every war. But

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Speaker 5: if America is not keeping NYE on the world, the

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Speaker 5: Chinese will well.

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Speaker 6: So one quick question and we're near in the end here,

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Speaker 6: so you can make a quick response. But if you

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Speaker 6: say our goal is to stop the killings, what would

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Speaker 6: be the military strike America could do that would stop

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Speaker 6: the killings? Is there a particular place, Is there a

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Speaker 6: particular target?

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Speaker 5: Well, the president has been presented with about fifty targets apparently,

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Speaker 5: I'm not sure exactly what specific targets they have, But overall,

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Speaker 5: you obviously have a lot of IGC basis, you have

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Speaker 5: a lot of government buildings, you have the actual generals

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Speaker 5: and CIA know where they are. The Supreme Leader Ali

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Speaker 5: Khamene is currently in a bunker in east of Iran

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Speaker 5: in Tabas. So if they go for those things, and

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Speaker 5: or if they could pick up Harmeny and give him

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Speaker 5: an uber lift like with Medora, that would be nice.

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Speaker 5: But because he has to face justice. He has to

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Speaker 5: actually stand on trial, just like the National Socialist did

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Speaker 5: in Germany.

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Speaker 2: But if you.

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Speaker 5: Paralyze the actual ILGC, we believe that there are people

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Speaker 5: in the military, the actual military, the army of Iran,

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Speaker 5: who are ready to take control until the Crown Prince

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Speaker 5: returns to his country and then they can have a

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Speaker 5: referendum on their future constitution.

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Speaker 3: Well fair enough, I mean, you know, listen, the president,

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Speaker 3: to your point, has been presented a suite of options,

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Speaker 3: from diplomatic options to military options, and listen, we stand

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Speaker 3: with the people of Iran.

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Speaker 2: We would love to correct.

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Speaker 3: The wrong of nineteen seventy nine and have an Iran

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Speaker 3: that we can work with and that was welcome back

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Speaker 3: into the international community.

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Speaker 2: Those things are all We're completely in agreement. We'll see

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Speaker 2: what happens.

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Speaker 3: I I you know, the position of the show is

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Speaker 3: we've learned to trust Trump's instincts some of these things.

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Speaker 3: So thank you for joining us. Thank you for that

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Speaker 3: analysis is very, very fascinating.

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Speaker 2: Think about it.

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Speaker 3: Every single dollar you spend is either supporting your values

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Speaker 3: or working against them. In today's economy, where you spend

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Speaker 3: your money it really matters, and that's how we take

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Speaker 3: that supports you and supports this show, supports Turning Point USA.

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Speaker 3: the sanctity of life, and supporting our veterans, this is

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Speaker 1: Called nine seven two Patriot Today or go to Patriotmobile

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Speaker 3: Today, we are honored by an in studio guest, and

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Speaker 3: that is Kelly Leffler, twenty eighth administrator. I always love

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Speaker 3: that administrator of this Small Business Administration. So SBA and

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Speaker 3: we were joking because it's like, we need to change

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Speaker 3: the titles.

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Speaker 6: Yeah, do we call you administrator Leffler?

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Speaker 7: Well, you can call me Kelly. That's my Twitter hand SBA.

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Speaker 2: Kelly.

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Speaker 7: I'm so honored to serve in the Trump administration. I

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Speaker 7: don't care what my title is as long as I'm

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Speaker 7: a part of it.

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Speaker 2: Yeah. Well, I was struggling, Kelly. I was struggle, Kelly.

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Speaker 3: I was struggling with about this with Lee's Elden yesterday,

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Speaker 3: who's the administrator of the EPA, And I was like, Lee,

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Speaker 3: you know, I just gotta you know, we defaulted to,

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Speaker 3: you know, call them leave anyways, it.

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Speaker 8: Might as well call us bureaucrats joining us.

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Speaker 2: Yes.

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Speaker 3: Yeah, So, Kelly Leffler, former Senator, you have a rich

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Speaker 3: history in the state of Georgia. You are now in

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Speaker 3: the Trump Administration. But you know, we were joking. I

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Speaker 3: think the best place to start for our audience is

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Speaker 3: for you just describe what the Small Business Administration does.

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Speaker 7: Well, you're right, Andrew, As we were talking, a lot

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Speaker 7: of people don't know. The Small Business Administration is essentially

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Speaker 7: a public private partnership. We're not giving grants out to

439
00:21:42,640 --> 00:21:47,960
Speaker 7: small businesses. We're providing a government guarantee on commercial loans

440
00:21:48,080 --> 00:21:51,159
Speaker 7: for your local community banker to have the incentive to

441
00:21:51,240 --> 00:21:54,400
Speaker 7: make that loan to a startup business to help that

442
00:21:54,760 --> 00:21:59,119
Speaker 7: community have flourishing Small businesses have an ecosystem of startups

443
00:21:59,160 --> 00:22:03,720
Speaker 7: and expansion and that goes into even manufacturing. Most manufacturers

444
00:22:03,720 --> 00:22:07,840
Speaker 7: in America meet the small business threshold. The threshold, well,

445
00:22:08,160 --> 00:22:10,600
Speaker 7: it depends on your industry, but for manufacturing, you can

446
00:22:10,600 --> 00:22:13,720
Speaker 7: have up to fifteen hundred employees as long as you're

447
00:22:13,760 --> 00:22:16,959
Speaker 7: not over the networth level. And that's why ninety eight

448
00:22:17,000 --> 00:22:21,320
Speaker 7: percent of America's manufacturers qualify as small businesses. I just

449
00:22:21,440 --> 00:22:25,840
Speaker 7: came from a great small business manufacturing startup in Tempe,

450
00:22:25,920 --> 00:22:29,080
Speaker 7: just down the road, and this is the heartbeat of America,

451
00:22:29,119 --> 00:22:32,040
Speaker 7: and you've got everything coming bringing to bear there from

452
00:22:32,080 --> 00:22:35,879
Speaker 7: the capital that SBA provided for this facility to the

453
00:22:35,920 --> 00:22:38,280
Speaker 7: skilled workforce. You know, I met some of the contractors

454
00:22:38,320 --> 00:22:41,160
Speaker 7: there in hard hats, and this is what it's all about.

455
00:22:41,200 --> 00:22:44,600
Speaker 7: In the Trump administration, his economic agenda is going to

456
00:22:44,600 --> 00:22:46,400
Speaker 7: create more and more of that. That's why we set

457
00:22:46,400 --> 00:22:49,200
Speaker 7: a record in twenty twenty five of putting out eighty

458
00:22:49,280 --> 00:22:53,800
Speaker 7: five thousand small business loans totaling forty five billion dollars.

459
00:22:54,200 --> 00:22:58,080
Speaker 7: The economic multiplier effect of getting eighty five billion dollars out,

460
00:22:58,760 --> 00:22:59,040
Speaker 7: you know.

461
00:22:59,119 --> 00:22:59,600
Speaker 8: Is huge.

462
00:23:00,320 --> 00:23:02,800
Speaker 3: There's also a trade deficit. There's a lot of news

463
00:23:02,880 --> 00:23:05,879
Speaker 3: this morning. So the US trade deficit is one of

464
00:23:05,920 --> 00:23:09,320
Speaker 3: its lowest points in at least recent memory, last couple decades.

465
00:23:09,640 --> 00:23:11,720
Speaker 3: You put up a tweet here three seventy the trade

466
00:23:11,720 --> 00:23:14,280
Speaker 3: deficit has reached its lowest level in nearly two decades,

467
00:23:14,320 --> 00:23:16,480
Speaker 3: while our exports hit a record high of three hundred

468
00:23:16,520 --> 00:23:19,639
Speaker 3: and two billion dollars. So President Trump's fair trade policy

469
00:23:19,680 --> 00:23:22,639
Speaker 3: is restoring America's industrial dominance and strake. So obviously we

470
00:23:22,720 --> 00:23:26,919
Speaker 3: have we have much further to go, but you know,

471
00:23:26,960 --> 00:23:29,560
Speaker 3: and then we've got this tariff question that is looming.

472
00:23:29,600 --> 00:23:32,280
Speaker 3: The Supreme Court is gonna rule on that. I do

473
00:23:32,359 --> 00:23:36,919
Speaker 3: believe even just we had John Carney on Breitbart Economics

474
00:23:37,320 --> 00:23:40,240
Speaker 3: editor there saying that even if the Supreme Court rules

475
00:23:40,240 --> 00:23:43,600
Speaker 3: against this, there's other levels levers that Trump administration can

476
00:23:43,640 --> 00:23:47,600
Speaker 3: pull to still, you know, enact tariffs because they are powerful.

477
00:23:47,960 --> 00:23:50,680
Speaker 3: How have you seen those play out with small businesses?

478
00:23:50,680 --> 00:23:54,000
Speaker 3: Because you know, some small business are probably gonna see

479
00:23:54,080 --> 00:23:55,720
Speaker 3: a negative impact, but a lot are going to see

480
00:23:55,720 --> 00:23:56,560
Speaker 3: a positive impact.

481
00:23:56,920 --> 00:23:57,480
Speaker 8: Absolutely.

482
00:23:57,560 --> 00:24:01,120
Speaker 7: I mean I've crossed this country from Alas to Maine,

483
00:24:01,240 --> 00:24:06,080
Speaker 7: walking factory floors, talking to builders, entrepreneurs. Look, when you

484
00:24:06,119 --> 00:24:09,320
Speaker 7: hear the word tariff, think fair trade, and that's what

485
00:24:09,400 --> 00:24:12,760
Speaker 7: this country has not had. And I am just grateful

486
00:24:12,800 --> 00:24:15,800
Speaker 7: for President Trump for his courage and his vision to

487
00:24:15,920 --> 00:24:20,800
Speaker 7: believe in American industry to help us reindustrialize. And you

488
00:24:20,840 --> 00:24:23,800
Speaker 7: look at every part of the Trump economic agenda, from

489
00:24:23,880 --> 00:24:28,200
Speaker 7: tax cuts to deregulation, to generating a skilled workforce and

490
00:24:28,240 --> 00:24:31,119
Speaker 7: those incentives to get back in the workforce, and you

491
00:24:31,200 --> 00:24:33,960
Speaker 7: see the building of this boom on top of the

492
00:24:34,000 --> 00:24:36,919
Speaker 7: eighteen trillion dollars coming in. So look, tariffs are just

493
00:24:36,960 --> 00:24:39,159
Speaker 7: one piece of it, but they're an important piece that

494
00:24:39,200 --> 00:24:42,399
Speaker 7: we haven't had. And everyone forgets that Biden had a

495
00:24:42,560 --> 00:24:46,360
Speaker 7: rose garden ceremony adding tariffs to China during his term

496
00:24:46,400 --> 00:24:47,639
Speaker 7: that the Democrats never pulled to.

497
00:24:47,640 --> 00:24:52,000
Speaker 3: It felt like this crazy scenario where America was just

498
00:24:52,080 --> 00:24:55,600
Speaker 3: willing to get fleeced in countless ways because we were

499
00:24:55,760 --> 00:24:58,439
Speaker 3: we had like almost like this guilt about being the richest,

500
00:24:58,480 --> 00:25:01,199
Speaker 3: most powerful nation, so didn't feel that we had the

501
00:25:01,520 --> 00:25:05,160
Speaker 3: moral standing to exert our force to benefit our own people.

502
00:25:05,200 --> 00:25:07,359
Speaker 3: So we just let everybody else have, you know, trade

503
00:25:07,359 --> 00:25:10,199
Speaker 3: barriers to us. We let everybody else builk off the

504
00:25:10,240 --> 00:25:14,919
Speaker 3: American military, and President Trump is re balancing those relationships.

505
00:25:14,960 --> 00:25:18,560
Speaker 3: I've been completely in favor of President Trump's tariff agenda

506
00:25:18,680 --> 00:25:21,160
Speaker 3: from the start. I think Blake, you've had some questions.

507
00:25:21,400 --> 00:25:23,800
Speaker 3: This is typically the the yin and yang that we

508
00:25:23,800 --> 00:25:26,959
Speaker 3: we play here on the show. Blake's the contrarian. I'm

509
00:25:27,000 --> 00:25:28,480
Speaker 3: sort of like more on board with a lot.

510
00:25:28,400 --> 00:25:30,560
Speaker 2: Of the bag. I'm the narrative.

511
00:25:30,840 --> 00:25:35,040
Speaker 3: I am okay, okay, all right, now we're gonna get

512
00:25:35,040 --> 00:25:36,240
Speaker 3: in a debate here in front of Kelly, and I

513
00:25:36,240 --> 00:25:36,959
Speaker 3: don't want to do that too.

514
00:25:37,560 --> 00:25:40,439
Speaker 2: But here's the thing though, I do agree with that.

515
00:25:40,480 --> 00:25:43,960
Speaker 3: But then, so SBA, is this this engine sort of

516
00:25:43,960 --> 00:25:47,840
Speaker 3: behind the scenes providing capital d you know, taking some

517
00:25:47,880 --> 00:25:50,800
Speaker 3: of the risk out of these capital arrangements with riskier

518
00:25:51,240 --> 00:25:54,040
Speaker 3: small business startups. But then there's this other side of

519
00:25:54,080 --> 00:25:56,720
Speaker 3: it that you've inherited, where there is fraud that you

520
00:25:56,760 --> 00:25:59,680
Speaker 3: are uncovering. Now we're talking about Somali fraud. We're talking

521
00:25:59,720 --> 00:26:02,400
Speaker 3: about foreigners coming in again, bilking off the system.

522
00:26:02,960 --> 00:26:05,480
Speaker 2: What have you uncovered? What are you investigating right now?

523
00:26:05,520 --> 00:26:06,280
Speaker 8: Well, that's right.

524
00:26:06,359 --> 00:26:08,560
Speaker 7: I mean from day one we came in and I

525
00:26:08,600 --> 00:26:11,399
Speaker 7: said I will have a zero tolerance policy on fraud.

526
00:26:11,680 --> 00:26:14,679
Speaker 7: We convened a task force right away. I called for

527
00:26:14,720 --> 00:26:17,480
Speaker 7: an audit of the agency. The agency hadn't passed an

528
00:26:17,520 --> 00:26:20,040
Speaker 7: audit in four years. And President Trump likes to say,

529
00:26:20,200 --> 00:26:22,440
Speaker 7: you're the biggest bank in the country. Well, guess what,

530
00:26:22,560 --> 00:26:24,479
Speaker 7: the biggest bank in the country is going to finally

531
00:26:24,520 --> 00:26:27,159
Speaker 7: have an audit where we're accountable for the shortcomings. That

532
00:26:27,200 --> 00:26:28,480
Speaker 7: includes investigating fraud.

533
00:26:28,600 --> 00:26:30,760
Speaker 3: We just had a number on this yeah headline right here,

534
00:26:31,040 --> 00:26:33,480
Speaker 3: SBA investigating one point two trillion.

535
00:26:34,200 --> 00:26:34,920
Speaker 2: That is with a T.

536
00:26:35,320 --> 00:26:38,000
Speaker 3: We've seen a lot of bees floating around with Somali fraud,

537
00:26:38,119 --> 00:26:40,000
Speaker 3: nine nineteen billion, whatever the number.

538
00:26:40,000 --> 00:26:42,280
Speaker 6: Then to give a number on suspected frauds specifically their

539
00:26:42,320 --> 00:26:45,359
Speaker 6: internal watch in twenty twenty three, so this is Biden era.

540
00:26:45,760 --> 00:26:49,840
Speaker 6: They said about estimated a two hundred billion dollars in

541
00:26:49,920 --> 00:26:54,040
Speaker 6: potential fraud with the PPP loans, although that runs through SBA.

542
00:26:54,440 --> 00:26:56,879
Speaker 7: That it was, that's the one point two trillion that

543
00:26:56,960 --> 00:27:00,480
Speaker 7: ran through SBA during COVID. Well, our own OIG said

544
00:27:00,480 --> 00:27:03,800
Speaker 7: that about two hundred billion was marked as fraudulent. And

545
00:27:03,800 --> 00:27:06,919
Speaker 7: guess what the Biden administration did. They started forgiving it,

546
00:27:06,960 --> 00:27:09,479
Speaker 7: sweeping it under the rug exactly right, Blake. And so

547
00:27:09,560 --> 00:27:11,720
Speaker 7: we came in and said we're going back, we're looking

548
00:27:11,760 --> 00:27:13,800
Speaker 7: at it all. And that's what we did when it

549
00:27:13,800 --> 00:27:16,119
Speaker 7: came to Minnesota. As soon as that came on the radar,

550
00:27:16,560 --> 00:27:18,640
Speaker 7: I asked the team to dig through the Minnesota loans.

551
00:27:18,680 --> 00:27:23,320
Speaker 7: They immediately found about seven thousand borrowers four hundred million

552
00:27:23,440 --> 00:27:27,119
Speaker 7: in fraudulent loans in Minnesota alone. That tells you that

553
00:27:27,200 --> 00:27:31,280
Speaker 7: there are billions and billions out the door fraudulently to

554
00:27:31,400 --> 00:27:34,400
Speaker 7: thousands that should never touch SBA services again and they

555
00:27:34,400 --> 00:27:35,639
Speaker 7: need to be referred to the DOJ.

556
00:27:35,760 --> 00:27:36,480
Speaker 8: And that's what we're doing.

557
00:27:36,680 --> 00:27:39,080
Speaker 3: Are these mostly Somali networks or is it kind of

558
00:27:39,119 --> 00:27:41,680
Speaker 3: across the board or it's widespread.

559
00:27:42,119 --> 00:27:45,880
Speaker 7: We're investigating further to see how systemic it is because

560
00:27:46,240 --> 00:27:51,120
Speaker 7: the level of fraud is almost organized, and I've called

561
00:27:51,119 --> 00:27:53,960
Speaker 7: it organized crime in some cases, and we need to

562
00:27:53,960 --> 00:27:56,719
Speaker 7: look across all government programs and see where people are

563
00:27:56,760 --> 00:27:58,360
Speaker 7: systemically defrauding the government.

564
00:27:58,520 --> 00:28:00,520
Speaker 6: It's a thing that stands out about this, which is

565
00:28:00,720 --> 00:28:02,600
Speaker 6: if you or I were to say, okay, I want

566
00:28:02,640 --> 00:28:06,080
Speaker 6: to scam medicaid, and you just went to twenty people

567
00:28:06,119 --> 00:28:07,560
Speaker 6: we know and said, hey, I have an idea to

568
00:28:07,600 --> 00:28:10,280
Speaker 6: scam medicaid, one a lot I think would say no.

569
00:28:10,800 --> 00:28:12,639
Speaker 6: I think they'd all say no, and some of them

570
00:28:12,680 --> 00:28:14,960
Speaker 6: might say I'm going to call the police.

571
00:28:15,040 --> 00:28:15,960
Speaker 2: I think this is a credit.

572
00:28:16,040 --> 00:28:18,920
Speaker 6: Well, and what you have some communities that we've voluntarily

573
00:28:18,960 --> 00:28:21,200
Speaker 6: brought into our country where that's just not the natural

574
00:28:21,240 --> 00:28:25,000
Speaker 6: reaction where they'll either say nothing or a lot of

575
00:28:25,040 --> 00:28:26,120
Speaker 6: them will help.

576
00:28:25,920 --> 00:28:29,240
Speaker 3: You well, because they don't feel culturally tied or their

577
00:28:29,240 --> 00:28:32,240
Speaker 3: heritage is not tied to the proud culture.

578
00:28:32,280 --> 00:28:34,359
Speaker 6: It's wrong to scam your cousin or your brother, but

579
00:28:34,440 --> 00:28:35,359
Speaker 6: not to scam the government.

580
00:28:35,400 --> 00:28:37,119
Speaker 3: And to your point, I totally agree that it is

581
00:28:37,240 --> 00:28:40,160
Speaker 3: organized because you know, we think of organized crime as

582
00:28:40,240 --> 00:28:41,080
Speaker 3: the Italian mafia.

583
00:28:41,760 --> 00:28:44,480
Speaker 2: But so often it's these the immigrant cabal.

584
00:28:44,800 --> 00:28:48,280
Speaker 3: Well yes, exactly, but but that's you know the movies,

585
00:28:48,400 --> 00:28:50,920
Speaker 3: and you know it's been it's been sensationalized.

586
00:28:50,960 --> 00:28:52,840
Speaker 2: But so often it's just more subtle than that.

587
00:28:52,920 --> 00:28:55,400
Speaker 3: It's it's a cousin calling a cousin saying here, listen,

588
00:28:55,400 --> 00:28:57,120
Speaker 3: I've figured out this way. You should go set up

589
00:28:57,120 --> 00:28:59,880
Speaker 3: your own, you know, childcare center over here. You should

590
00:28:59,880 --> 00:29:02,520
Speaker 3: do this, or listen, we found a way to smuggle

591
00:29:02,560 --> 00:29:05,320
Speaker 3: all this money back to Somalia. It's more subtle, it's

592
00:29:05,400 --> 00:29:09,520
Speaker 3: less dramatic, less you know movie Hollywood, but it's massively

593
00:29:09,560 --> 00:29:11,360
Speaker 3: insidious and widespread.

594
00:29:11,000 --> 00:29:13,400
Speaker 7: Well, especially when there's no oversight. And so we are

595
00:29:13,400 --> 00:29:15,880
Speaker 7: going to go state by state and look for those

596
00:29:16,280 --> 00:29:21,400
Speaker 7: states like Minnesota that really as their largest expenditure is welfare.

597
00:29:21,800 --> 00:29:24,280
Speaker 7: And in the federal government, I'm talking that's at the

598
00:29:24,320 --> 00:29:26,720
Speaker 7: state level. In the federal government, we operate about a

599
00:29:26,760 --> 00:29:31,520
Speaker 7: trillion dollars worth of welfare programs across eighty unique systems,

600
00:29:31,840 --> 00:29:33,640
Speaker 7: and so we really need to have a hard look

601
00:29:33,640 --> 00:29:35,720
Speaker 7: at that. And that's what's great about the Working Family's

602
00:29:35,800 --> 00:29:38,160
Speaker 7: tax cut that was passed this year. There's a lot

603
00:29:38,200 --> 00:29:41,959
Speaker 7: of verification that's now required, there's work requirements. We're going

604
00:29:42,040 --> 00:29:45,400
Speaker 7: to start cracking down on this very systemically ourselves, because

605
00:29:45,400 --> 00:29:47,720
Speaker 7: we can't trust the states to do it, particularly those

606
00:29:47,800 --> 00:29:51,120
Speaker 7: like California, Illinois, Minnesota, and others who have shown a

607
00:29:51,120 --> 00:29:55,000
Speaker 7: willful disdain for taxpayer dollars. By the way, small businesses

608
00:29:55,000 --> 00:29:57,880
Speaker 7: are some of the biggest taxpayers. And so that's part

609
00:29:57,920 --> 00:29:59,640
Speaker 7: of my advocacy is to say, I'm going to make

610
00:29:59,640 --> 00:30:02,440
Speaker 7: sure these programs are going to deserving job creators on

611
00:30:02,520 --> 00:30:03,040
Speaker 7: main street.

612
00:30:03,360 --> 00:30:05,680
Speaker 2: Yeah, it's like you know them when you see them.

613
00:30:06,200 --> 00:30:08,160
Speaker 3: Do you know the real deal companies that should be

614
00:30:08,160 --> 00:30:11,280
Speaker 3: getting the back of the SBA. And here's President Trump

615
00:30:11,360 --> 00:30:14,240
Speaker 3: just having your back here it's cut three thirteen. He's

616
00:30:14,240 --> 00:30:19,120
Speaker 3: suspending SBA loans. It sounds like it, specifically with scammers

617
00:30:19,160 --> 00:30:19,760
Speaker 3: in Minnesota.

618
00:30:19,800 --> 00:30:20,440
Speaker 2: Three thirteen.

619
00:30:20,840 --> 00:30:25,200
Speaker 9: We have also suspended nearly eight thousand SBA loans small

620
00:30:25,240 --> 00:30:31,560
Speaker 9: Business Association loans to suspected scammers in Minnesota.

621
00:30:31,120 --> 00:30:33,120
Speaker 10: Of which there are many. It's a great state. It

622
00:30:33,240 --> 00:30:36,800
Speaker 10: was a great state. Now it's getting destroyed by a

623
00:30:37,040 --> 00:30:39,760
Speaker 10: stupid governor. What a stupid guy he is. But he's

624
00:30:39,760 --> 00:30:43,280
Speaker 10: a crook. I mean, he's an incompetent guy, but he's

625
00:30:43,320 --> 00:30:44,680
Speaker 10: a crook. He allowed us to go.

626
00:30:45,200 --> 00:30:45,840
Speaker 9: You can't have.

627
00:30:47,680 --> 00:30:50,320
Speaker 10: You can't have corruption under scale that nobody's ever seen

628
00:30:50,360 --> 00:30:52,280
Speaker 10: before and you're sitting as a governor and you don't

629
00:30:52,320 --> 00:30:54,440
Speaker 10: know what's going on. It's impossible. Even though he's a

630
00:30:54,480 --> 00:30:55,120
Speaker 10: stupid guy.

631
00:30:55,880 --> 00:30:58,520
Speaker 3: It's a really important you know, I love this about

632
00:30:58,560 --> 00:31:02,640
Speaker 3: President Trump that he gets his instincts are almost always right.

633
00:31:03,440 --> 00:31:05,840
Speaker 3: So when you guys are at the SBA are working

634
00:31:06,160 --> 00:31:10,880
Speaker 3: on rooting out this fraud, auditing it this task force,

635
00:31:11,600 --> 00:31:14,320
Speaker 3: have you gotten any cooperation from the state of Minnesota.

636
00:31:14,440 --> 00:31:15,360
Speaker 8: Well, of course not.

637
00:31:15,760 --> 00:31:20,040
Speaker 7: And we've even had other state governors attack us for

638
00:31:20,280 --> 00:31:21,400
Speaker 7: looking into Minnesota.

639
00:31:21,480 --> 00:31:22,239
Speaker 8: So that tells you.

640
00:31:22,560 --> 00:31:26,240
Speaker 7: It lays another pretty strong trail of breadcrumbs. And we're

641
00:31:26,240 --> 00:31:28,240
Speaker 7: going to continue to do that. The President has been

642
00:31:28,360 --> 00:31:30,920
Speaker 7: right about everything. He's right about fraud, and we're going

643
00:31:30,960 --> 00:31:33,280
Speaker 7: to continue to do it because first of all, it's

644
00:31:33,360 --> 00:31:36,520
Speaker 7: right for the taxpayers, and second of all, it's creating

645
00:31:36,640 --> 00:31:39,239
Speaker 7: an incentive system when it goes unchecked to do it.

646
00:31:39,320 --> 00:31:43,120
Speaker 7: Even more so, imagine that if twenty percent, as Treasury

647
00:31:43,160 --> 00:31:46,520
Speaker 7: Secretary Besince said, twenty percent of all these programs are fraudulent.

648
00:31:46,960 --> 00:31:49,640
Speaker 7: Someday it could become thirty percent of an even larger

649
00:31:49,720 --> 00:31:51,640
Speaker 7: number because these programs continue to grow.

650
00:31:51,880 --> 00:31:54,360
Speaker 3: Well in COVID, really, I mean Blake, you know, calling

651
00:31:54,400 --> 00:31:57,480
Speaker 3: me the Normy Blake was actually the guy that during

652
00:31:57,600 --> 00:32:00,560
Speaker 3: some of the aftermath of COVID and the loans that

653
00:32:00,640 --> 00:32:02,880
Speaker 3: went out, and the scam artists that would set up

654
00:32:02,880 --> 00:32:06,280
Speaker 3: like a transportation company, and like, I mean, this became

655
00:32:06,440 --> 00:32:09,000
Speaker 3: a meme online because you could all spot it how

656
00:32:09,000 --> 00:32:11,000
Speaker 3: it was, you know what it was, what it looks.

657
00:32:11,000 --> 00:32:16,160
Speaker 6: You could find obvious scam businesses. One employee very recently created.

658
00:32:15,920 --> 00:32:18,560
Speaker 8: And consulting a learing center.

659
00:32:18,880 --> 00:32:19,920
Speaker 2: Leering center exactly.

660
00:32:20,280 --> 00:32:22,480
Speaker 3: Yeah, And so COVID unleashed a lot of this, and

661
00:32:22,520 --> 00:32:27,600
Speaker 3: I think you're completely right, Administrator Leffler, Kelly Kelly that

662
00:32:28,160 --> 00:32:30,400
Speaker 3: when you do not police this, you're only going to

663
00:32:30,400 --> 00:32:33,360
Speaker 3: incentivize the creation of more and more and more fraud.

664
00:32:33,520 --> 00:32:36,600
Speaker 7: Well, and that's our commitment to small businesses and taxpayers

665
00:32:36,680 --> 00:32:37,960
Speaker 7: is that we're just getting started.

666
00:32:38,000 --> 00:32:38,719
Speaker 8: We're not letting up.

667
00:32:38,720 --> 00:32:40,840
Speaker 7: We're not like dusting off our hands and saying we've

668
00:32:40,840 --> 00:32:43,040
Speaker 7: sent it over to the DOJ. This has given us

669
00:32:43,080 --> 00:32:45,760
Speaker 7: a playbook, really a blueprint of how we go state

670
00:32:45,800 --> 00:32:47,960
Speaker 7: by state now and how we handle this. This needs

671
00:32:47,960 --> 00:32:50,840
Speaker 7: to become an expertise.

672
00:32:50,240 --> 00:32:52,080
Speaker 8: Of the government. Is tracking down fraud?

673
00:32:52,520 --> 00:32:55,200
Speaker 3: Well, I'm gonna be saying prayers for you and you

674
00:32:55,240 --> 00:32:57,840
Speaker 3: start cracking the books on California.

675
00:32:57,200 --> 00:32:57,720
Speaker 2: And New York.

676
00:33:00,080 --> 00:33:03,280
Speaker 11: This is Lane Schomberger, chief investment Officer and founding partner

677
00:33:03,280 --> 00:33:05,880
Speaker 11: of y Refi. It has been an honor and a

678
00:33:05,920 --> 00:33:08,800
Speaker 11: privilege to partner with Turning Point and for Charlie to

679
00:33:08,880 --> 00:33:11,920
Speaker 11: endorse us. His endorsement means the world to us and

680
00:33:11,960 --> 00:33:14,600
Speaker 11: we look forward to continuing our partnership with Turning Point

681
00:33:14,800 --> 00:33:18,160
Speaker 11: for years to come. Now hear Charlie in his own words,

682
00:33:18,360 --> 00:33:19,520
Speaker 11: tell you about y Refi.

683
00:33:19,760 --> 00:33:21,800
Speaker 1: I'm gonna tell you guys about hyrefight dot com. That

684
00:33:21,920 --> 00:33:24,760
Speaker 1: is why are ef y dot com. Hy Refi is

685
00:33:24,800 --> 00:33:27,120
Speaker 1: incredible private student loan debt in America told us about

686
00:33:27,120 --> 00:33:31,120
Speaker 1: three hundred billion dollars. Y refy is refinancing distress or

687
00:33:31,120 --> 00:33:33,680
Speaker 1: defaulted private student loans. You can finally take control of

688
00:33:33,720 --> 00:33:35,600
Speaker 1: your student loan situation with a plan that works for

689
00:33:35,640 --> 00:33:38,400
Speaker 1: your monthly budget. Go to yrefight dot com. That is

690
00:33:38,400 --> 00:33:40,920
Speaker 1: why refight dot com. Do you have a co borrower

691
00:33:41,040 --> 00:33:43,160
Speaker 1: why reef I can get them released from the loan.

692
00:33:43,360 --> 00:33:45,080
Speaker 1: You're can to skip a payment up to twelve times

693
00:33:45,120 --> 00:33:47,680
Speaker 1: without penalty. It may not be available in all fifty states.

694
00:33:47,800 --> 00:33:50,920
Speaker 1: Go to yrefight dot com. That is why are ef

695
00:33:50,920 --> 00:33:53,600
Speaker 1: wy dot com. Let's face it, if you have distress

696
00:33:53,640 --> 00:33:56,320
Speaker 1: or default the student loans, it can be overwhelming because

697
00:33:56,320 --> 00:33:59,400
Speaker 1: of privacuit loan debt, so many people feel stuck. Go

698
00:33:59,400 --> 00:34:02,560
Speaker 1: to y ref that is y R e f y

699
00:34:02,800 --> 00:34:08,760
Speaker 1: dot com Private student loan debt Relief wyrefi dot com.

700
00:34:08,800 --> 00:34:11,880
Speaker 3: We are joined by Kelly Lefler. She's the administrator of

701
00:34:12,040 --> 00:34:15,440
Speaker 3: the Small Business Administration, which is the biggest bank in

702
00:34:15,480 --> 00:34:18,719
Speaker 3: the country. People don't realize just how much power the

703
00:34:18,880 --> 00:34:22,479
Speaker 3: SBA wields to help the economy. And now you're rooting

704
00:34:22,520 --> 00:34:25,440
Speaker 3: out fraud. Blake has a really good question though, about

705
00:34:25,480 --> 00:34:26,719
Speaker 3: a certain variety.

706
00:34:26,360 --> 00:34:28,920
Speaker 6: Of loans so and and other. Yeah, another part of

707
00:34:28,960 --> 00:34:32,279
Speaker 6: your portfolio. So there is it's not super famous, but

708
00:34:32,360 --> 00:34:35,560
Speaker 6: it's called eight A certification.

709
00:34:36,200 --> 00:34:36,480
Speaker 2: Uh.

710
00:34:36,520 --> 00:34:41,799
Speaker 6: It needs basically being certified as a disadvantaged firm as

711
00:34:41,880 --> 00:34:44,520
Speaker 6: owned someon would say minority owned, but can also be

712
00:34:44,520 --> 00:34:47,360
Speaker 6: women owned or certain other groupings. And it makes you

713
00:34:47,440 --> 00:34:51,600
Speaker 6: eligible for favorable federal treatment, and it's getting noticed by

714
00:34:51,640 --> 00:34:54,040
Speaker 6: a lot of people, especially online. This is a vector

715
00:34:54,120 --> 00:34:56,640
Speaker 6: the federal government has used for let's just call it

716
00:34:56,960 --> 00:34:59,160
Speaker 6: DEI or as we say on the show, anti anti

717
00:34:59,200 --> 00:35:02,839
Speaker 6: white discrimination, white male discrimination. And mindstanding is this does

718
00:35:02,880 --> 00:35:05,080
Speaker 6: still exist within the SBA.

719
00:35:05,200 --> 00:35:06,799
Speaker 2: So could you talk to us a bit about that.

720
00:35:07,480 --> 00:35:09,640
Speaker 7: Like you're right now, let's just level set on what

721
00:35:09,760 --> 00:35:12,239
Speaker 7: small businesses. It makes up ninety nine percent of all

722
00:35:12,280 --> 00:35:14,600
Speaker 7: businesses in this country and under President Trump we have

723
00:35:14,600 --> 00:35:18,200
Speaker 7: a record thirty six million. There's a group of small

724
00:35:18,239 --> 00:35:23,040
Speaker 7: businesses that are under statute entitled to about five percent

725
00:35:23,160 --> 00:35:28,400
Speaker 7: statutorily of federal contracting, so small businesses that are socially

726
00:35:28,440 --> 00:35:31,840
Speaker 7: and economically disadvantaged. Well, under Biden that they tripled that

727
00:35:32,120 --> 00:35:35,960
Speaker 7: target to fifteen percent and it created a big vacuum

728
00:35:36,000 --> 00:35:38,520
Speaker 7: for veteran owned businesses to get federal contracts. Well, what

729
00:35:38,600 --> 00:35:41,239
Speaker 7: we found in that was it was a front for

730
00:35:41,520 --> 00:35:44,719
Speaker 7: shell and pass through companies to put someone in front

731
00:35:44,760 --> 00:35:48,680
Speaker 7: of the business and say that they were a small business,

732
00:35:48,719 --> 00:35:51,319
Speaker 7: that they were socially and economically they self certified that

733
00:35:51,360 --> 00:35:53,759
Speaker 7: they were disadvantaged, and then they were able to get

734
00:35:53,760 --> 00:35:57,920
Speaker 7: these huge contracts Now, when Kamala were searching out root causes,

735
00:35:58,239 --> 00:36:02,879
Speaker 7: she put a immigration illegal immigration. She put a seven

736
00:36:03,000 --> 00:36:06,600
Speaker 7: hundred million dollar contract out and it ended up coming

737
00:36:06,600 --> 00:36:10,200
Speaker 7: through bribery. The DOJ's investigating it through an eight day program.

738
00:36:10,280 --> 00:36:12,000
Speaker 7: Now that's not a small business. It does a seven

739
00:36:12,040 --> 00:36:13,400
Speaker 7: hundred million dollar contract.

740
00:36:13,480 --> 00:36:15,040
Speaker 2: And there's other ones. I remember.

741
00:36:15,160 --> 00:36:17,879
Speaker 6: I think when that hurricane hit Puerto Rico a decade ago,

742
00:36:18,239 --> 00:36:20,239
Speaker 6: there was an issue where they hired like a one.

743
00:36:20,400 --> 00:36:22,000
Speaker 6: It was a I think a black woman owned a

744
00:36:22,040 --> 00:36:25,040
Speaker 6: company to supply like fifty thousand meals to the island,

745
00:36:25,080 --> 00:36:26,000
Speaker 6: and that was a disaster.

746
00:36:26,239 --> 00:36:27,000
Speaker 8: I never had, and I have.

747
00:36:27,280 --> 00:36:31,040
Speaker 6: I've personally had friends who have set up a business

748
00:36:31,080 --> 00:36:34,239
Speaker 6: to get a government contract where they just cut in

749
00:36:34,320 --> 00:36:37,080
Speaker 6: a guy who was part Native American or something and said,

750
00:36:37,280 --> 00:36:39,600
Speaker 6: you get fifty one percent of it, we'll do the work,

751
00:36:39,640 --> 00:36:41,719
Speaker 6: we get our cut, you get your cut. It just

752
00:36:41,760 --> 00:36:44,319
Speaker 6: seems to clearly incentivize that. And so I guess, as

753
00:36:44,360 --> 00:36:47,360
Speaker 6: you say, Congress requires this to exist.

754
00:36:47,320 --> 00:36:49,680
Speaker 8: But they don't require it to be rife with abuse.

755
00:36:50,040 --> 00:36:53,560
Speaker 7: It has never been audited in its forty five year history.

756
00:36:53,600 --> 00:36:56,680
Speaker 7: It came in under Carter. We are conducting the first

757
00:36:56,719 --> 00:36:59,040
Speaker 7: audit in forty five years and we've what we've already

758
00:36:59,040 --> 00:37:02,400
Speaker 7: found is is a lot of malfeasance, a lot of fraud.

759
00:37:02,520 --> 00:37:03,839
Speaker 7: We're going to get to the bottom of it. We're

760
00:37:03,840 --> 00:37:06,360
Speaker 7: going to clean up the program and make sure deserving

761
00:37:06,560 --> 00:37:08,280
Speaker 7: entrepreneurs get these opportunities.

762
00:37:08,800 --> 00:37:13,040
Speaker 3: So this brings up this It's been percolating, bubbling up

763
00:37:13,040 --> 00:37:15,600
Speaker 3: a little bit because of all this fraud. And this

764
00:37:15,640 --> 00:37:19,359
Speaker 3: is a reintroduction of this conversation about Doge. I thought

765
00:37:19,440 --> 00:37:22,600
Speaker 3: Doge was amazing. Charlie always loved Doge because it changed

766
00:37:22,800 --> 00:37:26,480
Speaker 3: the culture and the focus in DC to actually start

767
00:37:26,520 --> 00:37:27,880
Speaker 3: rooting some of this stuff out. But then you have

768
00:37:27,960 --> 00:37:31,240
Speaker 3: this falling out between Elon Musk even Elon and Scott Besstt,

769
00:37:31,800 --> 00:37:34,000
Speaker 3: and it got all messy. We acknowledged that, But there

770
00:37:34,080 --> 00:37:37,759
Speaker 3: is a coming back together. I mean, Pete Hegsetch just

771
00:37:37,760 --> 00:37:40,280
Speaker 3: announced a partnership with GROC and XAI.

772
00:37:41,239 --> 00:37:41,960
Speaker 2: What could so?

773
00:37:42,000 --> 00:37:44,400
Speaker 3: What what is going on with Doge? How would you

774
00:37:44,440 --> 00:37:47,440
Speaker 3: guys at SBA use it? How did you use it?

775
00:37:47,480 --> 00:37:51,040
Speaker 3: And can we can we reignite this culture to root

776
00:37:51,080 --> 00:37:51,840
Speaker 3: out some of this fraud.

777
00:37:52,000 --> 00:37:56,920
Speaker 7: Yeah, Doge was incredibly important in kicking off what is

778
00:37:56,960 --> 00:38:00,759
Speaker 7: accountability and government. It helped us facilitate a lot of

779
00:38:00,800 --> 00:38:04,000
Speaker 7: the changes that we made very very quickly. And the

780
00:38:04,040 --> 00:38:08,440
Speaker 7: mindset remains in this administration, which is right sizing the government.

781
00:38:08,520 --> 00:38:11,319
Speaker 7: We've cut our agency by fifty two percent in terms

782
00:38:11,320 --> 00:38:14,439
Speaker 7: of headcount, thirty percent by spending in just the first year,

783
00:38:14,680 --> 00:38:16,920
Speaker 7: and we've done more business than ever. That is a

784
00:38:16,960 --> 00:38:19,439
Speaker 7: Doge mindset and that's what we have to continue to have.

785
00:38:20,239 --> 00:38:21,680
Speaker 8: I hope that that it.

786
00:38:21,640 --> 00:38:24,600
Speaker 7: Will stay within every agency in terms of what they

787
00:38:24,600 --> 00:38:27,160
Speaker 7: look at is data. We simply go through and look

788
00:38:27,160 --> 00:38:29,279
Speaker 7: at the data and accountability. Who's doing what and what

789
00:38:29,280 --> 00:38:30,000
Speaker 7: are the results?

790
00:38:30,480 --> 00:38:33,800
Speaker 2: You know, is Palenteer involved in this, Well, there's.

791
00:38:33,560 --> 00:38:35,560
Speaker 3: Been a lot of like there's a lot of weird

792
00:38:35,640 --> 00:38:39,399
Speaker 3: theoris paracies around Palenteer. Basically, what Palenteer is, as far

793
00:38:39,520 --> 00:38:42,120
Speaker 3: as far as I understand, send us your emails freedom at.

794
00:38:42,040 --> 00:38:43,479
Speaker 2: Charliekirk dot com if you think I'm wrong.

795
00:38:43,719 --> 00:38:46,080
Speaker 3: It's basically getting databases to talk to one another so

796
00:38:46,120 --> 00:38:48,480
Speaker 3: you cross reference different agencies and what they know and

797
00:38:48,520 --> 00:38:50,799
Speaker 3: you can root out fraud that way, which seems very

798
00:38:50,920 --> 00:38:51,719
Speaker 3: common sense to me.

799
00:38:51,840 --> 00:38:55,600
Speaker 7: I actually independently brought on Palenteer because this scale of

800
00:38:55,640 --> 00:38:58,360
Speaker 7: the fraud that we're looking at is so vital that

801
00:38:58,440 --> 00:39:02,520
Speaker 7: we use AI, that we are data driven in our analytics,

802
00:39:02,800 --> 00:39:05,239
Speaker 7: and then we have this support externally because there's a

803
00:39:05,239 --> 00:39:09,440
Speaker 7: lot of resistance internally to right sizing the federal government

804
00:39:09,440 --> 00:39:10,359
Speaker 7: and tracking down fraud.

805
00:39:10,440 --> 00:39:11,360
Speaker 2: How big is your staff?

806
00:39:11,920 --> 00:39:14,840
Speaker 7: Well, we've gone from about eight thousand to about four thousand.

807
00:39:14,960 --> 00:39:15,000
Speaker 1: No.

808
00:39:15,239 --> 00:39:18,680
Speaker 7: Wow, So we do more with less. We're like a

809
00:39:18,719 --> 00:39:22,360
Speaker 7: small business. We're very efficient to have the economic impact

810
00:39:22,400 --> 00:39:24,520
Speaker 7: that we do. We estimate it's about a trillion dollars

811
00:39:24,560 --> 00:39:26,920
Speaker 7: annually when you take a leverage impact of putting out

812
00:39:26,960 --> 00:39:29,760
Speaker 7: one hundred billion a year, I should say a trillion

813
00:39:29,800 --> 00:39:32,480
Speaker 7: dollars over the four year term of President Trump. And

814
00:39:32,600 --> 00:39:35,560
Speaker 7: it's meaningful on main Street because small businesses create two

815
00:39:35,760 --> 00:39:37,480
Speaker 7: out of every three new jobs.

816
00:39:37,880 --> 00:39:38,120
Speaker 2: Wow.

817
00:39:38,239 --> 00:39:41,520
Speaker 3: I mean, I'll just be honest. I'm sort of sitting

818
00:39:41,520 --> 00:39:43,759
Speaker 3: here feeling educated. I hope the audience is getting a

819
00:39:43,760 --> 00:39:46,600
Speaker 3: lot out of this because I candidly didn't fixate on

820
00:39:46,760 --> 00:39:47,400
Speaker 3: SBA that much.

821
00:39:47,440 --> 00:39:48,640
Speaker 2: I didn't think about it that much.

822
00:39:48,680 --> 00:39:50,920
Speaker 3: But it's a parent I mean, if Trump's calling you

823
00:39:50,960 --> 00:39:53,360
Speaker 3: the biggest bank in the country, that means that sets

824
00:39:53,360 --> 00:39:53,600
Speaker 3: a lot.

825
00:39:53,680 --> 00:39:54,920
Speaker 2: He knows banks. He knows banks.

826
00:39:54,960 --> 00:39:57,040
Speaker 7: I think he's being kind, but I think he knows

827
00:39:57,040 --> 00:39:59,520
Speaker 7: how important small business in main street is. He always

828
00:39:59,520 --> 00:40:02,000
Speaker 7: says to me, Kelly's small business is big business. He

829
00:40:02,120 --> 00:40:04,480
Speaker 7: loves our job creators. Like I said, I just came

830
00:40:04,480 --> 00:40:07,880
Speaker 7: from a construction site, hard hats and everything. These are

831
00:40:07,880 --> 00:40:10,680
Speaker 7: the people who make this country great, and we've got

832
00:40:10,719 --> 00:40:12,600
Speaker 7: to support them and get big government out of the

833
00:40:12,600 --> 00:40:14,760
Speaker 7: way and get back to supporting free enterprise.

834
00:40:14,920 --> 00:40:17,600
Speaker 3: Well, this is ridding it of this DEI stuff, this

835
00:40:17,719 --> 00:40:21,040
Speaker 3: anti white garbage, ridding of it of the fraud I

836
00:40:21,040 --> 00:40:22,360
Speaker 3: mentioned Scott Bessett before.

837
00:40:22,719 --> 00:40:23,520
Speaker 2: Let's goead and play this.

838
00:40:23,800 --> 00:40:26,680
Speaker 3: This is from yesterday, the day before he's talking about

839
00:40:26,680 --> 00:40:29,719
Speaker 3: how much fraud we're dealing with three eighty four.

840
00:40:30,080 --> 00:40:36,080
Speaker 12: We are going to hold people accountable. We're going to

841
00:40:36,280 --> 00:40:40,040
Speaker 12: press this to the full extent possible for American taxpayers,

842
00:40:40,040 --> 00:40:44,480
Speaker 12: for American families. The GAO, the General Accounting Office, believe

843
00:40:45,000 --> 00:40:48,960
Speaker 12: that there is somewhere between three and six hundred billion

844
00:40:49,320 --> 00:40:53,800
Speaker 12: of annual fraud, roughly ten percent of government spending that

845
00:40:53,960 --> 00:40:58,759
Speaker 12: disappears due to fraud. If we can recapture that, that

846
00:40:58,960 --> 00:41:00,720
Speaker 12: is one to two percent under GDP.

847
00:41:01,320 --> 00:41:04,919
Speaker 3: So, Kelly, let's end this where Scott ended this economics

848
00:41:05,280 --> 00:41:09,680
Speaker 3: the economy. It's rip roarin. But Scott has also said

849
00:41:09,719 --> 00:41:11,640
Speaker 3: we were setting the table in twenty twenty five. This

850
00:41:11,719 --> 00:41:13,920
Speaker 3: year we get to enjoy the feast and banquet. Are

851
00:41:13,960 --> 00:41:14,480
Speaker 3: you seeing that?

852
00:41:14,760 --> 00:41:16,440
Speaker 8: Absolutely? I see it every day.

853
00:41:16,520 --> 00:41:19,040
Speaker 7: I mean, the Trump economic agenda is rocket fuel for

854
00:41:19,160 --> 00:41:22,480
Speaker 7: main Street for this country. We see GDP growth, we

855
00:41:22,520 --> 00:41:26,400
Speaker 7: see wage growth, inflation coming down, interest rates coming down.

856
00:41:26,760 --> 00:41:30,520
Speaker 7: These factors, together with deregulating, is making sure that this

857
00:41:30,640 --> 00:41:33,560
Speaker 7: economy is primed for twenty twenty six and beyond. We're

858
00:41:33,560 --> 00:41:36,320
Speaker 7: just getting started. Eighteen trillion dollars pouring into this country

859
00:41:36,320 --> 00:41:38,319
Speaker 7: and investment We've never seen anything like it.

860
00:41:38,480 --> 00:41:41,480
Speaker 3: Yeah, and all the data centers, the AI, the crypto,

861
00:41:41,719 --> 00:41:44,640
Speaker 3: the small businesses. And by the way, if you're deploying

862
00:41:44,680 --> 00:41:48,480
Speaker 3: capital more efficiently to better operators and you're getting rid

863
00:41:48,520 --> 00:41:51,600
Speaker 3: of this DEI garbage, you're gonna end up getting a

864
00:41:51,600 --> 00:41:54,120
Speaker 3: bigger multiplier force multiplier. On the backside, it's going to

865
00:41:54,160 --> 00:41:56,759
Speaker 3: have a bigger economic impact. Well, we're running out of time.

866
00:41:56,800 --> 00:41:58,320
Speaker 3: I feel like I could keep talking about it for

867
00:41:58,400 --> 00:42:00,680
Speaker 3: a long time, Kelly, but thank you for joining us.

868
00:42:00,719 --> 00:42:02,360
Speaker 2: It's been an honor to have you in this GREATDIO.

869
00:42:02,440 --> 00:42:05,279
Speaker 3: Thanks for visiting Phoenix and doing all this great work

870
00:42:05,320 --> 00:42:06,080
Speaker 3: for the administration.

871
00:42:06,200 --> 00:42:06,719
Speaker 8: Thank you both.

872
00:42:13,440 --> 00:42:15,520
Speaker 11: For more on many of these stories and news you

873
00:42:15,560 --> 00:42:17,560
Speaker 11: can trust, go to Charliekirk dot com.