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Speaker 1: Live from val Hartbiner and the Crossroads of America.

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Speaker 2: It's Tony Katz today. I am only one man with

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Speaker 2: one opinion on President Trump's speech last night. You are

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Speaker 2: your own man or woman or man. Yeah, that's basically

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Speaker 2: your options, Tony Kats. Tony Kats today, Good to be

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Speaker 2: with you, and you've got your opinions on the speech

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Speaker 2: last night. Ed Morrissey has his opinion as well. Ed

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Speaker 2: Morrissey joins me right now from hotair dot com. President

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Speaker 2: Trump speaks to America last night prime time address. Now,

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Speaker 2: I will tell you, Ed that I have been saying

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Speaker 2: for a while that they have to sell the story

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Speaker 2: to America. Here's what's going on with the economy. We

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Speaker 2: understand things aren't great. Right now, here's what we did here,

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Speaker 2: here's what we did there. Here's what's going to start working.

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Speaker 2: And here's what it's gonna matter. And yes, we have

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Speaker 2: these investments, and yes they're not yet in the ground yet,

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Speaker 2: they're not shovel ready yet. We're not seeing the dollars yet.

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Speaker 2: But when we do, here's what happens, and here's how

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Speaker 2: it's better. Here's how this all turns around. They had

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Speaker 2: started this with we're gonna fix this in a day.

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Speaker 2: And now they want to get into well, we had

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Speaker 2: to fix Biden's mess. I don't mind the admission that

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Speaker 2: you have to fix Biden's mess. I think it was

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Speaker 2: very poor messaging from the beginning. I have said so repeatedly.

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Speaker 2: I said so on Sean Spicer's show. That got to

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Speaker 2: Scott Bezett, the Treasury Secretary. Steve Bannon brought it up

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Speaker 2: to Scott Bessett and then referred to me as a

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Speaker 2: stock Republican, which might be the most insulting thing I

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Speaker 2: have ever heard in my entire life. Stock Republican Steve

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Speaker 2: Bannon kiss Mike Anyway, And now I'm seeing them tell

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Speaker 2: the story, which is really good and really important, except

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Speaker 2: I don't know if I liked the way they told

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Speaker 2: the story. Last night. You read the speech, you didn't

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Speaker 2: watch it, which I love. You read the speech, and

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Speaker 2: there's always a little bit of difference in the two things.

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Speaker 2: What did you take from it? Well?

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Speaker 1: I took that this is really the launch, the official

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Speaker 1: launch of the midterm campaign. You know, the White House

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Speaker 1: has been saying that Donald Trump is really going to

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Speaker 1: put himself at the top of the ticket. This is

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Speaker 1: a little unusual for presidents who generally like to have

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Speaker 1: a little bit of distance from midterms because they don't

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Speaker 1: really want to make it a referendum on their presidency.

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Speaker 1: But this is a little bit different situation. The majorities

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Speaker 1: are so narrow in Congress that Donald Trump is really

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Speaker 1: needs to make sure that he can do whatever he

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Speaker 1: can to hold serve in both the House and the

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Speaker 1: Senate if he wants to have any of these policies

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Speaker 1: be made permit. Most of the stuff that he's done

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Speaker 1: so far has been on executive authority, right, which can

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Speaker 1: be reversed. This is the reason why he was able

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Speaker 1: to reverse a lot of what Biden did was because

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Speaker 1: Biden didn't get a lot of this stuff through Congress.

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Speaker 1: Biden did it on executive authority, and so legitimately, I'm

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Speaker 1: not saying that was legitimate, but the thing about executive

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Speaker 1: authority is that when you get a different executive they

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Speaker 1: can change everything. And Trump has done that, and Biden

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Speaker 1: did it to Trump before that, and Trump did it

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Speaker 1: to Obama before that. What I took from this is

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Speaker 1: that this is a pretty good platform to launch the

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Speaker 1: midterm campaigns on. I think he was pretty disciplined, made

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Speaker 1: sure that he got some real data in there. And

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Speaker 1: then this morning he got a gift because the consumer

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Speaker 1: Price Index numbers came out and it was unexpectedly significantly

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Speaker 1: lower than two point.

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Speaker 2: Seven percent as opposed to the three point one percent

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Speaker 2: that was predicted.

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Speaker 1: Right, And it's down from the summer spike. And you know,

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Speaker 1: and I know that inflation rose over the summer, but

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Speaker 1: it didn't really go up that high, right. I mean

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Speaker 1: we were talking nine percent nine point one percent annualized

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Speaker 1: CPI during the Biden administration. This was a summer spike

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Speaker 1: that is was caused at least in part by the tariffs,

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Speaker 1: and then and now it's coming back down on and

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Speaker 1: the tariffs are still there. So I think Trump's got

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Speaker 1: a little bit of he can run like a little

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Speaker 1: second victory lap today. Roger Kimball actually had a really

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Speaker 1: good piece at the Spectator today, which was that what

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Speaker 1: did we elect Donald Trump to do? We elected him

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Speaker 1: to close the border. He's done that. We elected to

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Speaker 1: get the illegal immigrants out of the country. Well, two

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Speaker 1: and a half million of them so far have left,

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Speaker 1: so he's well on his way there. He was elected

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Speaker 1: to restore American credibility abroad, which is a key part,

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Speaker 1: as Roger Kimball says, about making America great again, and

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Speaker 1: he's done that as well. So he took victory laps

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Speaker 1: on all those things and that makes a lot of sense.

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Speaker 1: But he did focus mostly on economics, which is what

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Speaker 1: they're going to have to do. And so I think

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Speaker 1: we talked about this last week. We said, you know,

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Speaker 1: he needs to get his tight ten. He needs to

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Speaker 1: go out and get his he needs to tune this

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Speaker 1: message up. The only way he's going to do that,

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Speaker 1: you think the performer is to go out on the

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Speaker 1: road and tight and do the youth.

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Speaker 2: I think last night was his tight ten.

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Speaker 1: No, I think he's getting closer to it.

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Speaker 3: Though.

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Speaker 1: I think he's getting closer to it. And that wasn't

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Speaker 1: really a format for a tight ten anyway. I mean this,

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Speaker 1: when we talking about a tight ten, we're talking about

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Speaker 1: rallies and specific areas and stuff like this. This was

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Speaker 1: a White House address that is sort of you know,

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Speaker 1: it's you know, the fireside chats of FDR that type

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Speaker 1: of thing. It's a different genre, and I think he

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Speaker 1: wrote I think they whoever wrote the speech wrote it

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Speaker 1: for that genre. I think he, according to the small

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Speaker 1: clips that I've seen of this. Again, I didn't watch

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Speaker 1: the whole thing. Seemed like he delivered it fairly in

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Speaker 1: a fairly disciplined manner, didn't stray too much, had all

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Speaker 1: the usual bomb bass that was written into the speech.

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Speaker 1: So if you read the speech, it's written into the speech,

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Speaker 1: and that's classic Donald Trump. And I think he's going

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Speaker 1: to be who he's going to be. But yeah, I

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Speaker 1: think it was. It's a fairly effective speech. Whether it

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Speaker 1: moves the needle or not is what we're going to see.

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Speaker 1: But it's not going to move the needle by doing

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Speaker 1: that from the White House. He's going to have to

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Speaker 1: be on the road talking.

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Speaker 2: Let me, let me engage in some disagreement here talking

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Speaker 2: to Ed Marssey off hot air dot com. It's an

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Speaker 2: effective message. It was not an effective speech. It was

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Speaker 2: given with way too much gruffness and way too loud

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Speaker 2: as opposed to being explanatory and saying, here's where we're going, guys,

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Speaker 2: I have got this under control. Follow me here, and

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Speaker 2: here's going to be the better result. So it is

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Speaker 2: in a matter of delivery. It didn't. It did not

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Speaker 2: deliver well, and it certainly seemed disjointed and out of

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Speaker 2: place for what would be traditionally a primetime address that

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Speaker 2: said Trump is disjointed from what anything traditionally would be.

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Speaker 2: So it makes perfect sense. Yes, this is going down

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Speaker 2: the road a better explaining oneselves, and yes, there are

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Speaker 2: plenty of good things to talk about. The problem is

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Speaker 2: there hasn't been a messaging until now, until recently from

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Speaker 2: the White House of how would they want it messaged.

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Speaker 2: So you've got people engaging in these very kind of

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Speaker 2: we're there everywhere scattershot conversations trying to figure out which

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Speaker 2: message is going to hold. But you need the team

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Speaker 2: to be able to lead that down. There are successes,

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Speaker 2: for sure, and now you've got to go about pummeling

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Speaker 2: a media that refuses to talk about those successes. So

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Speaker 2: sending the proper message is one thing. Now how do

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Speaker 2: you get media to come along with you? And how

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Speaker 2: do you counter that? That's I think the next step

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Speaker 2: for this White House as you start to build the

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Speaker 2: momentum towards what happens with this economy on July first,

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Speaker 2: twenty twenty six, because that day will determine what happens

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Speaker 2: on the midterms.

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Speaker 1: Yeah, no, I or you can argue maybe July, the

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Speaker 1: last week of July when q Q two results come out.

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Speaker 1: We still haven't seen the GDP yet for Q three,

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Speaker 1: but it's rumored to be around four persons.

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Speaker 2: We all agree four percent GDP is out of control growth.

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Speaker 2: It's crazy.

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Speaker 1: Yeah, So again I think, but there's going to be

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Speaker 1: wins that they're going to be able to, that they're

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Speaker 1: going to be able to frame up as arguments for

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Speaker 1: staying the course. I mean, I go back, you know,

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Speaker 1: forty five years or forty four years to forty three years,

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Speaker 1: I guess to Reagan's midterm message in nineteen eighty two,

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Speaker 1: when the economy was not doing well and because they

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Speaker 1: were having to reverse several years of economic mismanagement and

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Speaker 1: regulatory overreach in order to create an economy that actually worked.

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Speaker 1: And Reagan's message in that midterm was stay the course.

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Speaker 1: And that's going to be Trump's message. He's just not Reagan,

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Speaker 1: so he's not going to deliver it like Reagan. Reagan

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Speaker 1: Reagan had this, you know, this clear sort of calm

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Speaker 1: leadership style, calm, jovial leadership style. Donald Trump is bombastic,

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Speaker 1: and his leadership style is to be the boss and

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Speaker 1: to say this is what's going to happen. He's going

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Speaker 1: to be his authentic self. And he has to be

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Speaker 1: his authentic self. It's what got him elected to the presidency,

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Speaker 1: and that's what he has to do. He has to

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Speaker 1: go out and dazzle people with this message. But the

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Speaker 1: message itself has to be good, and it has to

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Speaker 1: be valid, and it has to have data behind it

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Speaker 1: in order to do it. And I think that that

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Speaker 1: is what you see in this speech, especially if you

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Speaker 1: read it, you see that they're recognizing this and they're

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Speaker 1: looking for specific data points to sell, and we're going

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Speaker 1: to have more as they go along.

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Speaker 2: Talking to Ed Morrissey off hotair dot Com, one of

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Speaker 2: the things in the speech really quick was the Warrior

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Speaker 2: Dividend seventeen hundred and seventy six dollars to four hundred

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Speaker 2: and fifty thousand members of the military. I don't mind

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Speaker 2: military members getting a bonus. It's a hard thing to

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Speaker 2: complain about, but seventeen hundred and seventy six dollars is

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Speaker 2: too cutesy for words, and this could very much be

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Speaker 2: taken as, oh, this is like paying off student loans.

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Speaker 2: We're just going to buy votes right now, We're just

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Speaker 2: going to write checks from I don't know where the

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Speaker 2: money comes from and buy votes, So I'm not sure

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Speaker 2: if a mechanism already exists to get military members bonuses.

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Speaker 2: It's going to be weird to see people complain about this.

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Speaker 2: But this is just a little bit of qt QTESI,

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Speaker 2: and I don't know how much a fan I am.

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Speaker 2: I am of qt QT. You want to give the bonus,

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Speaker 2: Give the damn bonus.

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Speaker 1: I would have preferred seventeen eighty seven because that's when

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Speaker 1: we adopted the constitution, or or maybe the Louisiana purchase

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Speaker 1: in eighteen oh four. We should have done eighteen hundred

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Speaker 1: and four dollars. Look, I am not a fan of

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Speaker 1: stimulus checks, which is what this is. Really I am

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Speaker 1: fine with them doing a bonus to the military. Uh,

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Speaker 1: they're paying for it through the tariff income that's going

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Speaker 1: to create That could create a legal fight a I

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Speaker 1: don't think Congress is going to do that with the

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Speaker 1: military dividends, the warrior dividends, the prop They probably won't

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Speaker 1: fight it because it's just it's going to look too

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Speaker 1: churlish for words. However, what I was happy about was

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Speaker 1: we all thought that he was going to announce a

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Speaker 1: new mass stimulus check for everybody, which was going to

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Speaker 1: be you know, you know, one hundred billion dollars a

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Speaker 1: couple hundred billion dollars or something like that and costs.

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Speaker 1: And I'm happy that they didn't do that because the

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Speaker 1: problem with inflation is not enough supply to meet demand.

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Speaker 1: So this was the and this is the trap that

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Speaker 1: Biden fell into four years ago. You had a supply

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Speaker 1: chain crisis. You didn't have you didn't have supply, and

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Speaker 1: what did Biden do? He spiked demand. Is what created

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Speaker 1: the massive inflationary wave that took place over the next

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Speaker 1: two years. So this administration needs to focus on supply

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Speaker 1: side economic policies boosting supply, and they're doing it with

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Speaker 1: energy for instance. Energy is a good example of this.

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Speaker 1: But they need and they're doing it through the tariffs.

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Speaker 1: Negotiating for investments in the United States, I think Donald

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Speaker 1: Trump said something like eighteen trillion. I don't know how

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Speaker 1: accurate that was, but certainly there's a significant amount of

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Speaker 1: capital flowing back into the United States for investment. That's

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Speaker 1: what needs to continue to happen. You don't want to

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Speaker 1: spike demand in the middle of this, because you're gonna

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Speaker 1: get inflation when you do that. So I was actually

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Speaker 1: happy that it was only limited to the one point

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Speaker 1: four million members of the Armed services, who I am

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Speaker 1: very happy that they will get a seventeen seventy six

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Speaker 1: bonus to their paychecks this Christmas. I mean, I'm happy

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Speaker 1: it was limited to that.

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Speaker 2: Edmarscy hotair dot com. We've got much more to talk about.

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Speaker 2: You stay right there, you all stay right there on

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Speaker 2: Tony Katz And this is Tony Katz today. So what

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Speaker 2: am I supposed to do about this economy? Because I

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Speaker 2: take a look at precious metals and they go up,

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Speaker 2: and that's a hedge against inflation. I take a look

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Speaker 2: at prices and say they're still too high in many places.

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Speaker 2: Yet I see that GDP continues to move upward. Are

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Speaker 2: we hearing about four percent? And we've got November prices

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Speaker 2: even though the data was delayed at two point seven

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Speaker 2: for the CPI, that's below three percent is inflation? And

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Speaker 2: check Tony Kats Tony Kats today. Good to be with you.

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Speaker 2: Doctor mattwill joins us autonomist at the University of Indianapolis.

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Speaker 2: I know that you're busy. You're taking care of a

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Speaker 2: bunch of things. Before the holidays. But you made some

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Speaker 2: time for us. I appreciate it. You've taken a look

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Speaker 2: at some of these numbers. It's two point seven. It's

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Speaker 2: even lower than three percent on the core CPI. What

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Speaker 2: does this tell you?

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Speaker 3: It tells me you should take the report, wadd it

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Speaker 3: up into a big piece of paper and throw it

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Speaker 3: in the trash. This is a worthless report. And here's why. Yeah,

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Speaker 3: it's two point seven year over year, but we don't

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Speaker 3: have October data, we don't have November data. They just

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Speaker 3: took one big, massive year over year piece of data.

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Speaker 3: There's so much missing information in this you can't draw

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Speaker 3: conclusion the market. The market had a big yawn. It

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Speaker 3: just said, oh, oh, well, that's nice. Move along. There's

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Speaker 3: nothing to see here. And there's nothing to see here.

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Speaker 3: It is not a report that you can use. I

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Speaker 3: would ask everybody don't rely on it when you're making decisions.

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Speaker 2: So why is that? Is it because the data is delayed,

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Speaker 2: or is it because the data is incomplete?

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Speaker 3: Its incomplete because they've decided they made a decision since

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Speaker 3: we last spoke that they're simply not going to try

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Speaker 3: to collect data for October November. They're just going to

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Speaker 3: skip it. They're not going to go back and recreate it.

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Speaker 3: So we're looking at simply year over year data. So

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Speaker 3: we're including way too much data from eleven twelve months ago,

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Speaker 3: and we're talking data that before Trump was president is

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Speaker 3: included in this data. The most important, which is the

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Speaker 3: most recent two months, it's just not in there. And

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Speaker 3: so that's unfortunate that they decided not to go back

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Speaker 3: and collect historical data. They're just going to exclude it

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Speaker 3: for the future. End of statement.

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Speaker 2: Talking to doctor Matt Will, economists at the University of Indianapolis,

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Speaker 2: what do you mean they're going to exclude it for

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Speaker 2: the future.

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Speaker 3: They're not even going to go back and recreate it.

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Speaker 3: We're not going to know if October was up or down,

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Speaker 3: this November was up or down. It's possible that the

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Speaker 3: November data had a big jump or could have been

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Speaker 3: a big decrease. They simply aren't going to collect the data.

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Speaker 3: So we can't multiply by twelve. You and I, Tony,

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Speaker 3: we always multiply by twelve to get the annual number.

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Speaker 3: Can't do that now. So and they're not even going

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Speaker 3: to collect the information to see what it was.

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Speaker 2: By the way, these numbers sent the markets nuts a

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Speaker 2: doubt one moment over four hundred could have been higher

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Speaker 2: by the time it closes the Nasdaq above a four hundred.

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Speaker 2: You're making the argument that these numbers are incomplete. I

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Speaker 2: ask you, are you saying that that's political or should

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Speaker 2: I be looking at that as saying, well, that's the

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Speaker 2: reality of not doing things in real time because of

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Speaker 2: the shutdown.

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Speaker 3: Yes, it's the second one. It's not doing things in

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Speaker 3: real time because of the shutdown. Is there's nothing political

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Speaker 3: about it. They simply aren't going to go back and

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Speaker 3: spend the labor and the manpower to get it done.

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Speaker 2: So, now we take a look at this economy. I'm

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Speaker 2: going to give you two numbers to think about right here, sir,

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Speaker 2: West Texas crued. This is the per barrel price. Is

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Speaker 2: that fifty six dollars and fifty cents. It's ticked up

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Speaker 2: a little bit today, and the bread crude which comes

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Speaker 2: out of the oceans has just crossed over sixty dollars,

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Speaker 2: just over sixty dollars as I'm talking to you right now. Now.

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Speaker 2: These numbers have been in the mid sixties for a

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Speaker 2: long time, and then they both dropped under sixty dollars

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Speaker 2: a barrel. Meanwhile, silver, not even gold, gold is at

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Speaker 2: forty three hundred and forty two dollars an ounce. Silver

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Speaker 2: has cracked sixty six dollars an ounce. Full discloser. I

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Speaker 2: sold mine at fifty one and I did pretty well,

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Speaker 2: so you can imagine I could be angry, but I'm

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Speaker 2: not a guy who gets angry. The point is an

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Speaker 2: ounce of silver is worth more than a barrel of oil.

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Speaker 2: You're an economist, what does that mean?

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Speaker 3: Hedge against inflation? It's pure and simple. Silver and gold

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Speaker 3: are hedges against inflation. So that tells you the people

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Speaker 3: in the commodities market, they are strongly in favor of

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Speaker 3: the fact that inflation is not killed. It's here, and

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Speaker 3: they're going to bed against it by putting their money

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Speaker 3: into commodities. And that's why that cracked the number you

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Speaker 3: just mentioned. They're simply hedging against inflation. So it contradicts

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Speaker 3: the other data that we just got from the CPI.

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Speaker 2: And that's the part that gets everybody Nuney, what are

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Speaker 2: you supposed to look at? What are you supposed to

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Speaker 2: think when when you see how Americans act in general,

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Speaker 2: not the markets Americans, You're to be an economist is

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Speaker 2: to be a philosopher's to be an observer of moods

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Speaker 2: and movements. What are the American people telling you?

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Speaker 3: You know what I believe. I strongly say this all

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Speaker 3: the time. Trump is his own worst enemy. And what

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Speaker 3: the people believe is they know that that this guy

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Speaker 3: can't get out of his way. For all the great

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Speaker 3: things he does, he does some bad things. And I

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Speaker 3: sound like a broken record when I say that, but

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Speaker 3: that's what we're getting today's data. CPI says inflation's not

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Speaker 3: as bad as we thought. Silver says inflation is bad.

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Speaker 3: People say, hey, my economy's good, and some people say, eh,

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Speaker 3: economy doesn't look so great, Tony. We're in a massive

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Speaker 3: state of uncertainty and confusion at the moment, and I

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Speaker 3: think the President is causing this by contradicting his good

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Speaker 3: policies with some bad ones.

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Speaker 2: Is this all about tariffs or is this all about

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Speaker 2: something else?

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Speaker 3: It's all about tariff, Sony, because when you look at

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Speaker 3: the year over year, remember that's the two point seven

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Speaker 3: data we're looking at that includes pre tariff data the

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Speaker 3: post tariff data. That number is higher than it really

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Speaker 3: than it appears. At two point seven. The post tariff

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Speaker 3: data is still coming into the information and so we're

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Speaker 3: going to see that. We saw it in the is

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Speaker 3: MPM I report earlier this month. We saw that number

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Speaker 3: creeping up. There is still inflation, especially on the whole

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Speaker 3: sale side. That's where we're seeing it, and it's not gone. Inflation. Affordability,

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Speaker 3: you know, that's the word that the Democrats are trying

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Speaker 3: to use. Trump needs to legitimately admit, Okay, we've got

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Speaker 3: an inflation problem, let's fix it.

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Speaker 2: And do we have a manufacturing problem? Still?

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Speaker 3: Define manufacturing problem? Are we making stuff? No? We are

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Speaker 3: still on nine months, nine months of declining manufacturing in

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Speaker 3: the US. We haven't seen that kind of decline since

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Speaker 3: the pandemic. The terriffs are causing. The tariffs are causing

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Speaker 3: the manufacturing shrinking in the United States. And Trump needs

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Speaker 3: to get rid of these dang teriffs because they're the

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Speaker 3: ones hurting the manufacturing. He thinks it helps, But I

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Speaker 3: gotta tell you, as good as he is, he's wrong

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Speaker 3: on this and he's been wrong from the beginning.

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Speaker 2: But he's not moving from it. He told you last

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Speaker 2: night and the speech tar for the most beautiful word

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Speaker 2: in the world.

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Speaker 3: Well, and you know why, I got to tell you.

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Speaker 3: You know, I'm a Trump fan, and I'll admit it.

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Speaker 3: I'm the here. I wrote it for Trump. But this guy,

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Speaker 3: you know, he's there. He could be one of the

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Speaker 3: greatest economic presidents of history if he would stop strangling

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Speaker 3: himself with people. To tell me you already.

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Speaker 2: Is doctor Batt Will, economist at the University of Indianapolis.

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Speaker 2: I appreciate you taking the time to be with us

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Speaker 2: more to get to this is Tony Kats.

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Speaker 4: Today Edmarssey Hota dot com. He is back with us

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Speaker 4: because one of the big fights going on in the

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Speaker 4: House that now is making its way to the Senate

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Speaker 4: is the conversation.

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Speaker 2: Of Obamacare subsidies. This was the reason, obstensibly that Chuck

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Speaker 2: Schumer put the Senate in such a precarious position shutting

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Speaker 2: down the government. After forty five days, he loses the fight,

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Speaker 2: the government is reopened, but he doesn't give up the fight.

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Speaker 2: He wants three years of Obamacare subsidies continued. And of

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Speaker 2: course these subsidies are not anything that was original to Obamacare,

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Speaker 2: the Affordable Care Act. They came during COVID, So these

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Speaker 2: are subsidies that were COVID specific to help people afford

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Speaker 2: what was supposed to be affordable care under the Affordable

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Speaker 2: Care Act. And then Democrats are claiming that if Republicans

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Speaker 2: don't extend this for three years, they're killing healthcare and

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Speaker 2: cutting healthcare and increasing the cost of health care for

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Speaker 2: millions of Americans. Tony Kats Tony Katz today, did that

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Speaker 2: all make sense? Did I cover it all good? I

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Speaker 2: wanted to make sure I covered it all ed Marcy,

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Speaker 2: as I said hotair dot Com, Glad you're back with us.

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Speaker 2: So the Democrats no quit in them. They get four Republicans,

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Speaker 2: including Representative Mike Lawler of New York, to come across

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Speaker 2: and find a discharge petition that brings us to the

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Speaker 2: front of the line, is going to force the House

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Speaker 2: to vote on it. Meanwhile, Speaker Johnson puts out his

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Speaker 2: own plan, which is based on a Trump asque kind

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Speaker 2: of plan, which isn't a plan to get rid of Obamacare.

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Speaker 2: It's a plan to try and pretend they're doing a

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Speaker 2: better job on healthcare, which they're not one hundred percent

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Speaker 2: wrong about, and say stop giving money to hospitals and

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Speaker 2: start giving the money back to the people. Break down

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Speaker 2: the component parts here and how this is going to

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Speaker 2: get used politically. What's going on with House Republicans and

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Speaker 2: what's going on with Senate Democrats right now regarding Obamacare

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Speaker 2: and subsidies.

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Speaker 1: Well, look, I mean, let's just talk about the discharge petition.

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Speaker 1: It addresses an actual political problem for both parties, but

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Speaker 1: Republicans in particular at this moment, which is that those

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Speaker 1: prices were going to go up in the exchanges starting

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Speaker 1: in what a couple of weeks. Mike Johnson's idea was

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Speaker 1: to create a reconciliation package in the next budget resolution,

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Speaker 1: which probably would be somewhere in the March frame, that

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Speaker 1: would redo Obamacare in such a way that those subsidies

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Speaker 1: would not be necessary, that they would just lower the

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Speaker 1: costs directly. The problem with that, though, is that you're

433
00:22:11,760 --> 00:22:16,199
Speaker 1: going to be sticking these households with these higher costs

434
00:22:16,680 --> 00:22:20,399
Speaker 1: for the next several months, hoping that you're going to

435
00:22:20,440 --> 00:22:22,560
Speaker 1: be able to get a reconciliation package that does this

436
00:22:22,680 --> 00:22:27,920
Speaker 1: through through Congress. That was tried once before, was tried

437
00:22:27,960 --> 00:22:32,120
Speaker 1: eight years ago, when Republicans failed to get their reconciliation

438
00:22:32,240 --> 00:22:34,960
Speaker 1: package through. That was John McCain's famous you know no

439
00:22:35,080 --> 00:22:37,199
Speaker 1: vote on the floor of the Senate, one of his

440
00:22:37,280 --> 00:22:39,840
Speaker 1: last uh, one of his one of the last things

441
00:22:39,880 --> 00:22:44,480
Speaker 1: he actually did in the Senate of note, and they

442
00:22:44,480 --> 00:22:46,800
Speaker 1: still don't even have a plan correct to do this, right,

443
00:22:46,960 --> 00:22:51,080
Speaker 1: I mean, so they're basically, you know, Johnson was asking

444
00:22:51,920 --> 00:22:55,080
Speaker 1: his moderate members, the ones that are in at risk

445
00:22:55,200 --> 00:22:58,440
Speaker 1: districts in the midterms, to just basically say, well, just

446
00:22:58,480 --> 00:23:02,040
Speaker 1: suck it up and trust me. Politically speaking, that's kind

447
00:23:02,040 --> 00:23:05,560
Speaker 1: of stupid. Now, I agree that these subsidies should not

448
00:23:05,600 --> 00:23:08,680
Speaker 1: have been extended. It was Democrats that sunset these things

449
00:23:08,760 --> 00:23:11,919
Speaker 1: because they passed it through their own reconciliation package and

450
00:23:12,040 --> 00:23:14,720
Speaker 1: had to make sure that it was deficit neutral. That's

451
00:23:14,760 --> 00:23:16,439
Speaker 1: the reason why the sunset clause was in there in

452
00:23:16,440 --> 00:23:19,639
Speaker 1: the first place. And both Republicans and Democrats have done

453
00:23:19,680 --> 00:23:21,960
Speaker 1: this in reconciliation package. Is they put things in like

454
00:23:22,000 --> 00:23:24,960
Speaker 1: the tax cuts Donald Trump did in twenty seventeen, which

455
00:23:25,000 --> 00:23:29,720
Speaker 1: is also a reconciliation package with sunsets, knowing that Congress

456
00:23:29,720 --> 00:23:33,119
Speaker 1: couldn't allow the sunsets to actually take place because it

457
00:23:33,119 --> 00:23:36,480
Speaker 1: would hike either taxes or fees in this particular case

458
00:23:36,640 --> 00:23:40,640
Speaker 1: on consumers. So the whole thing is a dishonest sort

459
00:23:40,680 --> 00:23:46,880
Speaker 1: of you know, three card Monty anyway. But beyond that,

460
00:23:48,000 --> 00:23:51,360
Speaker 1: you could have just passed a one year extension and

461
00:23:51,400 --> 00:23:53,960
Speaker 1: then done the reconciliation thing. That would have mooted the

462
00:23:54,000 --> 00:23:56,159
Speaker 1: one year extension. I don't understand the three year extension.

463
00:23:56,200 --> 00:23:58,119
Speaker 1: A one year extension would have moved it past the

464
00:23:58,160 --> 00:24:01,680
Speaker 1: midterms so that it's no longer on the table in

465
00:24:02,040 --> 00:24:05,639
Speaker 1: an acute sense for the midterm elections, and allow you

466
00:24:05,680 --> 00:24:08,119
Speaker 1: to do that reconciliation package. Now, Johnson didn't want to

467
00:24:08,160 --> 00:24:11,520
Speaker 1: do that. Donald Trump even said he'd be interested, or

468
00:24:11,520 --> 00:24:15,000
Speaker 1: at least he was willing to discuss an extension while

469
00:24:15,320 --> 00:24:17,280
Speaker 1: while they were doing those things. So this whole thing,

470
00:24:17,359 --> 00:24:22,640
Speaker 1: to me is basically political malpractice, largely on Johnson's part,

471
00:24:22,840 --> 00:24:25,200
Speaker 1: and he got called out on it. If he had

472
00:24:25,280 --> 00:24:27,919
Speaker 1: floated a one year extension, those people would never have

473
00:24:28,080 --> 00:24:32,040
Speaker 1: signed onto the discharge petition. One year extension, clean extension,

474
00:24:32,400 --> 00:24:37,320
Speaker 1: push it off until the next open enrollment period, and

475
00:24:37,359 --> 00:24:40,960
Speaker 1: then give us a chance in a reconciliation package to

476
00:24:41,000 --> 00:24:43,280
Speaker 1: address it so it no longer is an issue at

477
00:24:43,320 --> 00:24:45,800
Speaker 1: the midterms. That would have been the smart political play,

478
00:24:45,840 --> 00:24:48,480
Speaker 1: And I don't know why Republicans didn't want to do that.

479
00:24:48,920 --> 00:24:53,560
Speaker 1: I think it got down to a manhood measuring contest

480
00:24:53,680 --> 00:24:57,000
Speaker 1: between Republicans and Chuck Schumer, and that was dumb. They

481
00:24:57,960 --> 00:25:00,280
Speaker 1: had the ability to actually control the outcome. I'm here

482
00:25:00,280 --> 00:25:01,480
Speaker 1: and I think they blew it.

483
00:25:01,720 --> 00:25:05,840
Speaker 2: Talking to edmarscyahotair dot com, the important thing to learn

484
00:25:05,880 --> 00:25:08,480
Speaker 2: here about Democrats is that Democrats always act like they're

485
00:25:08,480 --> 00:25:10,960
Speaker 2: in charge even when they're not in charge. It's part

486
00:25:11,119 --> 00:25:12,760
Speaker 2: it's part of their charm, and it's part of an

487
00:25:12,800 --> 00:25:17,760
Speaker 2: attitude that involves getting victories. Just pummel the other person

488
00:25:17,800 --> 00:25:22,480
Speaker 2: to death, including lying because the subsidy conversation, it's not

489
00:25:22,600 --> 00:25:25,520
Speaker 2: that healthcare costs go up, it's at a subsidy that

490
00:25:25,720 --> 00:25:29,199
Speaker 2: just got into place during COVID goes away, which Democrats

491
00:25:29,200 --> 00:25:31,760
Speaker 2: already had voted for. They already knew it was going

492
00:25:31,800 --> 00:25:34,800
Speaker 2: to go away. But Republicans allowed themselves to be turned

493
00:25:35,240 --> 00:25:37,560
Speaker 2: in the in the in the word game, as opposed

494
00:25:37,600 --> 00:25:40,120
Speaker 2: to going on the full on attack and calling Chuck

495
00:25:40,160 --> 00:25:43,080
Speaker 2: Schumer a liar in the well of the Senate while

496
00:25:43,119 --> 00:25:47,280
Speaker 2: he spoke, interrupting him, badgering him, calling him a liar,

497
00:25:47,320 --> 00:25:49,320
Speaker 2: telling him he doesn't know how to make a cheeseburger,

498
00:25:49,600 --> 00:25:53,639
Speaker 2: going at him, directly and with focus. Republicans still have

499
00:25:53,800 --> 00:25:57,639
Speaker 2: not properly learned the very concept of the fight. But

500
00:25:57,800 --> 00:26:00,800
Speaker 2: here we are now where they're push well a three

501
00:26:00,840 --> 00:26:01,560
Speaker 2: year extension.

502
00:26:02,359 --> 00:26:05,320
Speaker 1: I mean again, this is the they're signing on to

503
00:26:05,400 --> 00:26:07,200
Speaker 1: a three year extension because that was the only option

504
00:26:07,280 --> 00:26:10,280
Speaker 1: that kept the prices from going up on the people

505
00:26:10,320 --> 00:26:13,680
Speaker 1: that they want to go ask for votes later this year.

506
00:26:13,800 --> 00:26:16,120
Speaker 1: This is you know, three of these guys in Pennsylvania,

507
00:26:16,160 --> 00:26:21,200
Speaker 1: one of them was from New York. Those are blue

508
00:26:21,240 --> 00:26:24,240
Speaker 1: to purple districts. That these that these Republicans are winning,

509
00:26:26,320 --> 00:26:29,720
Speaker 1: that they're going to lose if they sit by and

510
00:26:29,800 --> 00:26:33,600
Speaker 1: let these prices go up. And the issue is actually

511
00:26:33,640 --> 00:26:37,080
Speaker 1: that prices are going up and Obamacare is not controlling

512
00:26:37,080 --> 00:26:40,040
Speaker 1: those prices. The Republicans are right on that particular part

513
00:26:40,080 --> 00:26:42,640
Speaker 1: of it is that Obamacare is completely failed in its

514
00:26:42,680 --> 00:26:45,800
Speaker 1: mission to control costs. It doesn't control costs. It makes

515
00:26:45,840 --> 00:26:48,080
Speaker 1: the worse. And the reason why it makes the worse

516
00:26:48,160 --> 00:26:51,480
Speaker 1: is because it adheres even more tightly to a third

517
00:26:51,480 --> 00:26:56,800
Speaker 1: party payer system where price signals are are masked to consumers,

518
00:26:57,000 --> 00:27:01,720
Speaker 1: and the Obamacare system sort of promises that you can

519
00:27:01,920 --> 00:27:05,919
Speaker 1: run up the you know, the usage ratios on these things,

520
00:27:06,320 --> 00:27:09,440
Speaker 1: which means that costco of et cetera. There's a better

521
00:27:09,480 --> 00:27:12,080
Speaker 1: way to reform this system. It's not politically palatable, but

522
00:27:12,119 --> 00:27:15,080
Speaker 1: there is a better way to do it, and that's

523
00:27:15,080 --> 00:27:17,560
Speaker 1: what Republicans are going to have to start offering if

524
00:27:17,560 --> 00:27:21,439
Speaker 1: they want to end this cost curve that's happening in healthcare.

525
00:27:21,520 --> 00:27:24,919
Speaker 2: I was just bringing up that Republicans put themselves in

526
00:27:25,000 --> 00:27:28,160
Speaker 2: this box by a as you rightly point out, having

527
00:27:28,160 --> 00:27:31,000
Speaker 2: no plan over the last fifteen years, no willingness to

528
00:27:31,040 --> 00:27:33,840
Speaker 2: fight this over the last fifteen years, only now coming

529
00:27:33,920 --> 00:27:37,080
Speaker 2: up with something that still doesn't solve the getting rid

530
00:27:37,080 --> 00:27:40,639
Speaker 2: of Obamacare, which is necessary. You have to gut the ACA,

531
00:27:40,680 --> 00:27:44,800
Speaker 2: as people like Ovicroy over at Freeop explain, in order

532
00:27:44,840 --> 00:27:47,560
Speaker 2: to restart a better system, you have to get rid

533
00:27:47,560 --> 00:27:51,880
Speaker 2: of the fundamentals there that are so dangerous and damning.

534
00:27:52,440 --> 00:27:55,000
Speaker 2: But I do wonder just on the politics of it.

535
00:27:55,119 --> 00:27:57,680
Speaker 2: You talk about malpractice, right, That was the word that

536
00:27:57,760 --> 00:28:01,840
Speaker 2: congs With Lawler used about Speaker Johnson. That's the word

537
00:28:01,880 --> 00:28:05,480
Speaker 2: you used. This is the second discharge petition going the

538
00:28:05,560 --> 00:28:08,600
Speaker 2: round regular order. You have a majority of the House

539
00:28:08,640 --> 00:28:10,240
Speaker 2: signing it. It goes right to the front of the

540
00:28:10,240 --> 00:28:14,560
Speaker 2: line for a vote, is Speaker Johnson in danger of

541
00:28:14,600 --> 00:28:15,560
Speaker 2: losing the speakership.

542
00:28:16,560 --> 00:28:18,520
Speaker 1: No, I don't think they want to do that. I mean,

543
00:28:18,680 --> 00:28:21,160
Speaker 1: I think if that was the case, Marjorie Taylor Green

544
00:28:21,200 --> 00:28:23,159
Speaker 1: would have stuck around because I think she would have

545
00:28:23,200 --> 00:28:24,640
Speaker 1: wanted to be part of that. I don't think there's

546
00:28:24,680 --> 00:28:30,000
Speaker 1: a first. I could be stupid, He's he's not really

547
00:28:30,040 --> 00:28:33,399
Speaker 1: the issue. The issue is a four seat majority or

548
00:28:33,840 --> 00:28:36,639
Speaker 1: four vote it's a little bit more than I think

549
00:28:36,680 --> 00:28:39,040
Speaker 1: it's seven seats, but basically it's a four vote swing,

550
00:28:40,040 --> 00:28:43,400
Speaker 1: So discharge petitions. In a normal situation where one party

551
00:28:43,440 --> 00:28:48,000
Speaker 1: has thirty or forty seat majorities, a discharge petition would

552
00:28:48,000 --> 00:28:52,480
Speaker 1: be basically a pr stunt. It would go nowhere, right,

553
00:28:53,880 --> 00:28:56,440
Speaker 1: But when you only have a four vote swing or

554
00:28:56,480 --> 00:28:58,360
Speaker 1: a three vote swing. At times it's been a two

555
00:28:58,440 --> 00:29:01,360
Speaker 1: vote swing until they had that special Elefe in Tennessee,

556
00:29:03,160 --> 00:29:07,160
Speaker 1: discharge petitions are a real threat. And in both cases

557
00:29:07,560 --> 00:29:10,400
Speaker 1: it would have been just better to find a way

558
00:29:10,440 --> 00:29:12,200
Speaker 1: to get the Epstein files was the other one. We

559
00:29:12,240 --> 00:29:14,640
Speaker 1: haven't mentioned what the other discharge petition was, but it

560
00:29:14,640 --> 00:29:16,640
Speaker 1: would have been just better. And in the end, they

561
00:29:16,680 --> 00:29:19,200
Speaker 1: finally they finally came to the conclusion that it was

562
00:29:19,280 --> 00:29:22,680
Speaker 1: just better to go along with it and vote for

563
00:29:22,720 --> 00:29:25,920
Speaker 1: it so that you didn't have to explain why you

564
00:29:26,000 --> 00:29:30,400
Speaker 1: were posting it or I mean it was again a

565
00:29:30,400 --> 00:29:33,160
Speaker 1: little bit of political malpractice. They figured it out towards

566
00:29:33,160 --> 00:29:35,960
Speaker 1: the end, they didn't in this particular case. I don't

567
00:29:36,000 --> 00:29:37,840
Speaker 1: know that this is going to be an ongoing thing

568
00:29:37,920 --> 00:29:40,080
Speaker 1: because I think that there are I think they're running

569
00:29:40,080 --> 00:29:41,840
Speaker 1: out of issues. Democrats are running out of issues where

570
00:29:41,840 --> 00:29:44,440
Speaker 1: they can peel off Republicans for stuff like this. But

571
00:29:44,560 --> 00:29:46,520
Speaker 1: this is, I mean, this was they left it on

572
00:29:46,560 --> 00:29:48,560
Speaker 1: the table. They left this potential on the table, and

573
00:29:48,680 --> 00:29:51,920
Speaker 1: Democrats took advantage of it. Jeffries saw the opening.

574
00:29:51,720 --> 00:29:53,520
Speaker 2: And with the idea of the money not going to

575
00:29:53,560 --> 00:29:56,320
Speaker 2: insurance companies, not going to hospitals, but going back to

576
00:29:56,400 --> 00:29:58,400
Speaker 2: the people. This is the idea that somehow this is

577
00:29:58,440 --> 00:30:02,520
Speaker 2: going to lower the costs. I haven't seen where the

578
00:30:02,560 --> 00:30:06,320
Speaker 2: great cell job on this has taken place and how

579
00:30:06,360 --> 00:30:11,000
Speaker 2: Republicans are supposed to fight the Democrats response of you're

580
00:30:11,040 --> 00:30:17,760
Speaker 2: taking away people's healthcare, so it anything that is market solution,

581
00:30:18,320 --> 00:30:20,800
Speaker 2: I ninety nine percent favor right. I got to hear

582
00:30:20,800 --> 00:30:23,000
Speaker 2: particulars that's the thing that keeps me from one hundred percent.

583
00:30:23,680 --> 00:30:26,760
Speaker 2: But they haven't sold it. All I did is say

584
00:30:26,840 --> 00:30:28,680
Speaker 2: it's going to lower costs in a very well light,

585
00:30:29,280 --> 00:30:31,640
Speaker 2: but they never sold it and never explained it. How

586
00:30:31,680 --> 00:30:32,800
Speaker 2: do you expect this to win?

587
00:30:33,840 --> 00:30:36,120
Speaker 1: Well, exactly no, no, no, I completely agree with you

588
00:30:36,160 --> 00:30:41,240
Speaker 1: on this. They have never come back in full throated

589
00:30:41,360 --> 00:30:45,600
Speaker 1: favor of a market based plan to eliminate the third

590
00:30:45,640 --> 00:30:49,360
Speaker 1: party payer issue, to go back to a reform that

591
00:30:49,600 --> 00:30:53,960
Speaker 1: where the healthcare market resembles other parts of the healthcare

592
00:30:54,000 --> 00:30:57,640
Speaker 1: market that actually work properly, like you know, elective plastic

593
00:30:57,720 --> 00:31:02,080
Speaker 1: surgery LASIK, that type of thing where insurance companies aren't involved,

594
00:31:02,480 --> 00:31:07,320
Speaker 1: which prompts a lot more providers to enter into the market,

595
00:31:07,400 --> 00:31:14,040
Speaker 1: It reduces the overhead costs, it creates a competition among providers. Instead,

596
00:31:14,520 --> 00:31:18,080
Speaker 1: they're just trying to tweak around the insurance company model,

597
00:31:18,280 --> 00:31:22,480
Speaker 1: the comprehensive insurance model, which is part of what the

598
00:31:22,520 --> 00:31:26,040
Speaker 1: problem was and which Obamacare actually amplifies rather than reforms.

599
00:31:26,600 --> 00:31:32,000
Speaker 1: And the problem with that is John McCain actually tried

600
00:31:32,000 --> 00:31:34,960
Speaker 1: to argue this in two thousand and nine, twenty ten,

601
00:31:35,120 --> 00:31:38,160
Speaker 1: he offered a different He offered a market based plan

602
00:31:38,840 --> 00:31:43,520
Speaker 1: and the Democrats demagogue did into you know, into oblivion.

603
00:31:43,680 --> 00:31:47,320
Speaker 1: Of course, they had you know, firm control over Congress

604
00:31:47,320 --> 00:31:49,000
Speaker 1: at that time, large majorities of both the House and

605
00:31:49,000 --> 00:31:51,680
Speaker 1: the Senate. They were able to basically dictate things anyway.

606
00:31:51,840 --> 00:31:53,560
Speaker 1: But at least they put it out there at that time.

607
00:31:53,640 --> 00:31:57,440
Speaker 1: They've never come back to that. And this is that

608
00:31:57,560 --> 00:32:00,600
Speaker 1: is the actual solution for this. It's the you know,

609
00:32:01,320 --> 00:32:06,480
Speaker 1: health savings accounts, catastrophic coverage or hospitalization covers, however you

610
00:32:06,520 --> 00:32:08,920
Speaker 1: want to frame that, and everything else is you know,

611
00:32:09,040 --> 00:32:13,720
Speaker 1: cash payment through your through expanded health savings accounts, and

612
00:32:14,360 --> 00:32:17,600
Speaker 1: prices will drop, providers will enter the market, you will

613
00:32:17,680 --> 00:32:22,760
Speaker 1: get better results, and you will eliminate third parties from

614
00:32:22,760 --> 00:32:26,000
Speaker 1: making medical decisions that really should be between doctors and patients.

615
00:32:26,160 --> 00:32:29,240
Speaker 1: And Ed, nobody wants to stand up for that.

616
00:32:29,600 --> 00:32:33,920
Speaker 2: Insurance should be for cancer and car accidents and everything

617
00:32:33,920 --> 00:32:36,440
Speaker 2: else should be handled like the way you handle your mechanic.

618
00:32:36,480 --> 00:32:40,000
Speaker 2: You need new breaks, you pay for new breaks, exactly, absolutectly.

619
00:32:40,240 --> 00:32:43,000
Speaker 2: Ed Morrissey, hotair dot com. I appreciate you taking the

620
00:32:43,080 --> 00:32:45,120
Speaker 2: time to be with us. More coming up on Tony

621
00:32:45,200 --> 00:32:48,960
Speaker 2: Kats and this is Tony Katz today. One cannot have

622
00:32:49,440 --> 00:32:53,840
Speaker 2: a holiday season without a little bit of rand. Paul

623
00:32:54,160 --> 00:32:57,160
Speaker 2: talking about Festivus.

624
00:32:57,360 --> 00:33:01,280
Speaker 5: You're coming out with the Festivus Report on Waste and Frivolity.

625
00:33:01,400 --> 00:33:04,640
Speaker 5: I guess that's on December twenty third, you release it.

626
00:33:04,880 --> 00:33:06,560
Speaker 5: Can you give us any kind of preview?

627
00:33:06,640 --> 00:33:06,800
Speaker 3: Now?

628
00:33:07,840 --> 00:33:10,440
Speaker 6: Well, you know we celebrate Festivus is where you air

629
00:33:10,560 --> 00:33:13,280
Speaker 6: your grievances. I've got a lot of problem with these

630
00:33:13,320 --> 00:33:15,800
Speaker 6: big spenders up here, and so we.

631
00:33:15,840 --> 00:33:17,440
Speaker 2: Point out some of the craziness.

632
00:33:18,320 --> 00:33:21,400
Speaker 6: Two million dollars spent on teaching people to eat bugs,

633
00:33:22,280 --> 00:33:26,800
Speaker 6: a million dollars, teaching ferrets to binge drink alcohol a

634
00:33:26,920 --> 00:33:30,760
Speaker 6: quarter of a million, and spent on teaching Pakistani kids

635
00:33:30,800 --> 00:33:32,080
Speaker 6: about climate change.

636
00:33:32,640 --> 00:33:35,640
Speaker 2: He's not wrong, Tony Kats. Tony Kats today, Good to

637
00:33:35,640 --> 00:33:39,280
Speaker 2: be with you, Good to be here. I think he

638
00:33:39,360 --> 00:33:42,800
Speaker 2: votes known too many things. I have disagreements with Senator Paul,

639
00:33:43,280 --> 00:33:46,480
Speaker 2: but I don't have a disagreement here about the insanity

640
00:33:46,520 --> 00:33:48,680
Speaker 2: of spending and what is it that we're after, What

641
00:33:48,760 --> 00:33:50,160
Speaker 2: is it that we're all about, what is it that

642
00:33:50,200 --> 00:33:52,760
Speaker 2: we want? What is normal? And how do these things

643
00:33:52,800 --> 00:33:57,280
Speaker 2: find their way in? How does anybody defend these things?

644
00:33:58,200 --> 00:34:01,360
Speaker 2: So he's there with Steve Varney. Oh, and he's going

645
00:34:01,400 --> 00:34:02,160
Speaker 2: on with his list.

646
00:34:02,680 --> 00:34:05,560
Speaker 6: I mean the ridiculousness of these things that on the

647
00:34:05,600 --> 00:34:07,920
Speaker 6: face value of it, people would say, I got a

648
00:34:07,960 --> 00:34:08,879
Speaker 6: lot of problems with that.

649
00:34:09,120 --> 00:34:10,360
Speaker 2: Most Americans would.

650
00:34:10,120 --> 00:34:13,279
Speaker 6: Say, why why? Why are we still doing this? A

651
00:34:13,280 --> 00:34:15,920
Speaker 6: lot of it comes to the National Science Foundation. I

652
00:34:15,960 --> 00:34:19,200
Speaker 6: think you could eliminate the National Science Foundation and you

653
00:34:19,200 --> 00:34:22,799
Speaker 6: would know no detriment to that. We spend billions through

654
00:34:22,840 --> 00:34:25,800
Speaker 6: the NIH. There's no real reason to have the National

655
00:34:25,800 --> 00:34:29,960
Speaker 6: Science Foundation. And most of the really crazy dumb you know,

656
00:34:31,880 --> 00:34:35,439
Speaker 6: having fish drink gin and tequila and ask which makes

657
00:34:35,480 --> 00:34:39,160
Speaker 6: them more aggressive in gin or tequila. I mean, everybody

658
00:34:39,200 --> 00:34:40,880
Speaker 6: knows it's got to be tequila.

659
00:34:41,880 --> 00:34:44,320
Speaker 2: Crazy. I knew you were going to say that, but

660
00:34:44,480 --> 00:34:44,799
Speaker 2: I don't.

661
00:34:44,840 --> 00:34:47,319
Speaker 6: But I don't think that we really, you know, need

662
00:34:47,360 --> 00:34:50,520
Speaker 6: those kind of studies. Most of them are crazy behavioral studies.

663
00:34:50,880 --> 00:34:53,880
Speaker 6: You know, Japanese quail on cocaine. I mean, they're just

664
00:34:54,200 --> 00:34:57,600
Speaker 6: dumb stuff that the average ordinary America will go stop.

665
00:34:58,440 --> 00:35:02,080
Speaker 2: I understood about whether it was the gin or the

666
00:35:02,280 --> 00:35:06,319
Speaker 2: tequila for the fish, right, and I would say it's

667
00:35:06,360 --> 00:35:08,439
Speaker 2: the gin. I don't think that rand Paul has taught

668
00:35:08,440 --> 00:35:12,680
Speaker 2: this true. But did he just say quail on cocaine?

669
00:35:13,120 --> 00:35:14,959
Speaker 2: I mean, did that just get said?

670
00:35:15,200 --> 00:35:18,600
Speaker 6: Most of them are crazy behavioral studies, you know. Japanese

671
00:35:18,680 --> 00:35:21,760
Speaker 6: Quail on Cocaine. I mean, there's just some dumb stuff

672
00:35:21,800 --> 00:35:23,439
Speaker 6: that I'm pretty sure.

673
00:35:23,520 --> 00:35:27,120
Speaker 2: Japanese Quail on Cocaine is a new cartoon series written

674
00:35:27,120 --> 00:35:33,800
Speaker 2: by Quentin Tarantino. Prove to me that it's not. I'm waiting.

675
00:35:34,640 --> 00:35:40,439
Speaker 2: I am waiting. Holy cow. As I said, Rand Paul

676
00:35:40,840 --> 00:35:45,920
Speaker 2: an't necessarily wrong. Find everything at Tony Katz dot com tomorrow. Everyone.

677
00:35:46,239 --> 00:35:46,680
Speaker 2: Take care

678
00:36:01,760 --> 00:36:04,480
Speaker 1: The NAT