1 00:00:00,160 --> 00:00:04,399 Speaker 1: There was a consulting firm by the name of Challenger 2 00:00:04,480 --> 00:00:07,840 Speaker 1: Gray and Christmas. They reported on Thursday. Yeah, can you 3 00:00:07,880 --> 00:00:10,479 Speaker 1: imagine if your last name was Christmas, it would be 4 00:00:10,600 --> 00:00:13,800 Speaker 1: a holiday every day. But they announced that there were 5 00:00:14,560 --> 00:00:18,480 Speaker 1: one point one million job layoffs announced this year and 6 00:00:18,560 --> 00:00:21,840 Speaker 1: it has been the most since twenty twenty during the pandemic. 7 00:00:22,000 --> 00:00:25,640 Speaker 2: Well, this is one of the things that the Republicans 8 00:00:25,720 --> 00:00:28,800 Speaker 2: don't want to admit. And look, it's not all the Republicans' fault. 9 00:00:28,800 --> 00:00:30,520 Speaker 2: They just happened to be in charge right now. But 10 00:00:30,560 --> 00:00:35,440 Speaker 2: this country, I mean, this country has just been so 11 00:00:35,560 --> 00:00:38,400 Speaker 2: abhorrent and how we I mean, look, it was bad 12 00:00:38,479 --> 00:00:41,600 Speaker 2: before COVID, but the way we've handled economic policy in 13 00:00:41,640 --> 00:00:44,480 Speaker 2: this country, with the money printing, with the now the tariffs, 14 00:00:44,560 --> 00:00:48,000 Speaker 2: with the supply chain disruptions, you can't do all of 15 00:00:48,040 --> 00:00:50,760 Speaker 2: these things and not think it's going to have some 16 00:00:50,800 --> 00:00:53,560 Speaker 2: sort of profound impact on the economy. You could mask 17 00:00:53,640 --> 00:00:56,600 Speaker 2: it for so long the way they did during COVID, 18 00:00:56,680 --> 00:00:58,200 Speaker 2: or they just threw a bunch of money at people 19 00:00:58,200 --> 00:01:00,760 Speaker 2: and were like, oh, see, no problem whatsoever. I mean, 20 00:01:00,800 --> 00:01:02,160 Speaker 2: you think about it when you say it out loud, 21 00:01:02,400 --> 00:01:05,600 Speaker 2: do you think you could realistically shut a society down 22 00:01:05,959 --> 00:01:08,959 Speaker 2: for six months a year, and then once society quote 23 00:01:09,000 --> 00:01:12,679 Speaker 2: unquote opens back up, it's some slow rollout and shut 24 00:01:12,720 --> 00:01:16,520 Speaker 2: down ports and the ability to move goods and services, 25 00:01:17,040 --> 00:01:20,280 Speaker 2: and not think that eventually there's going to be some 26 00:01:20,680 --> 00:01:23,319 Speaker 2: long term effect to it, right, Like, I don't know 27 00:01:23,319 --> 00:01:25,600 Speaker 2: why this is surprising to people at all. And in 28 00:01:25,640 --> 00:01:28,480 Speaker 2: this case, the Republicans and Democrats share the blame equally 29 00:01:28,720 --> 00:01:31,920 Speaker 2: because it started under Trump. All the shutdown stuff, all 30 00:01:31,959 --> 00:01:34,400 Speaker 2: the bribery of the States was done under Trump. They 31 00:01:34,400 --> 00:01:36,440 Speaker 2: would have never shut down if they hadn't printed all 32 00:01:36,440 --> 00:01:39,720 Speaker 2: that money and thrown it at people. Then obviously continued 33 00:01:40,080 --> 00:01:42,600 Speaker 2: under Biden, so you've got all these things that were 34 00:01:42,640 --> 00:01:46,720 Speaker 2: shut down. Biden and his people were brutally incompetent, and 35 00:01:46,800 --> 00:01:50,600 Speaker 2: so nothing really got back to the way it was before. 36 00:01:51,120 --> 00:01:53,120 Speaker 2: And then you have Trump comeing inpouring gas on it 37 00:01:53,160 --> 00:01:56,240 Speaker 2: with the tariffs. Like, why any person would think that 38 00:01:56,280 --> 00:01:58,360 Speaker 2: this is surprising or that it's going to get any 39 00:01:58,360 --> 00:01:59,960 Speaker 2: better anytime soon is beyond me. 40 00:02:00,520 --> 00:02:03,200 Speaker 1: So total layoffs for twenty twenty five have reached one 41 00:02:03,240 --> 00:02:06,920 Speaker 1: point one seven million, and it's fifty four percent higher 42 00:02:06,960 --> 00:02:09,640 Speaker 1: than the same period last year. It's also the highest 43 00:02:09,680 --> 00:02:12,720 Speaker 1: layoff level since twenty twenty, as we mentioned, and some 44 00:02:12,760 --> 00:02:16,840 Speaker 1: of the key drivers for the layoffs include corporate restructuring. 45 00:02:16,919 --> 00:02:20,200 Speaker 1: It's the most common reason for job cuts in November, 46 00:02:20,600 --> 00:02:24,640 Speaker 1: followed by company closings and also economic market conditions. They 47 00:02:24,680 --> 00:02:28,799 Speaker 1: also say it's artificial intelligence AI related changes have caused 48 00:02:28,840 --> 00:02:32,840 Speaker 1: over fifty four thousand layoffs this year. Tech companies alone 49 00:02:33,280 --> 00:02:37,520 Speaker 1: announced over twelve thousand cuts in November, and that raises 50 00:02:37,560 --> 00:02:40,920 Speaker 1: the tech layoffs by seventeen percent year over year. And then, 51 00:02:41,080 --> 00:02:43,400 Speaker 1: as you mentioned tariffs. 52 00:02:43,000 --> 00:02:46,160 Speaker 2: You know, we've gone from I remember this years ago. 53 00:02:46,240 --> 00:02:47,919 Speaker 2: I would have been in college. Maybe this is a 54 00:02:47,919 --> 00:02:50,480 Speaker 2: college class. I remember where I heard this from. So 55 00:02:50,480 --> 00:02:52,600 Speaker 2: this would have been in the mid two thousands, and 56 00:02:53,040 --> 00:02:57,880 Speaker 2: somebody was saying technology is going to reach a point 57 00:02:58,800 --> 00:03:04,000 Speaker 2: where the good it does, like the helping right or 58 00:03:04,040 --> 00:03:08,400 Speaker 2: whatever to humanity, gets far surpassed by the damage it does. 59 00:03:08,440 --> 00:03:10,679 Speaker 2: And what they meant by that is like, there's a 60 00:03:10,720 --> 00:03:13,639 Speaker 2: lot of good things that come out of you know, technology, 61 00:03:13,720 --> 00:03:17,200 Speaker 2: medical advancements, helping people live longer. Certainly in terms of 62 00:03:17,400 --> 00:03:19,240 Speaker 2: you know, the invention of the internet. Hey, you can 63 00:03:19,280 --> 00:03:21,600 Speaker 2: communicate with people that you know, I haven't seen years 64 00:03:21,639 --> 00:03:25,040 Speaker 2: all these sorts of things, but they said, eventually the 65 00:03:25,120 --> 00:03:28,160 Speaker 2: technology will advance to the point where the damage it 66 00:03:28,240 --> 00:03:31,400 Speaker 2: starts doing. And you're seeing this right with the AI stuff, 67 00:03:31,400 --> 00:03:34,040 Speaker 2: with the ability of like you know, you look at 68 00:03:34,080 --> 00:03:36,120 Speaker 2: just look at your fast food joint, the kiosk, you know, 69 00:03:36,160 --> 00:03:38,240 Speaker 2: taking away the jobs of it, like it's going to 70 00:03:38,320 --> 00:03:42,880 Speaker 2: just swallow up the entire economy. And then there's going 71 00:03:42,920 --> 00:03:45,720 Speaker 2: to be these new things come along, see, you know, 72 00:03:45,760 --> 00:03:49,280 Speaker 2: the artificial intelligence, the videos, the deep fakes, the all 73 00:03:49,320 --> 00:03:52,160 Speaker 2: of this stuff where society is just going to be 74 00:03:52,200 --> 00:03:54,960 Speaker 2: overrun by it and they'll be over recovering from it, 75 00:03:55,200 --> 00:03:57,360 Speaker 2: and it starts to it starts. It is starting to 76 00:03:57,560 --> 00:04:02,200 Speaker 2: really feel like we are entering that phase of the 77 00:04:02,320 --> 00:04:06,680 Speaker 2: game where the robots start winning and taking over and 78 00:04:07,240 --> 00:04:10,920 Speaker 2: select people who for tippy top, yeah, for lack of 79 00:04:10,920 --> 00:04:13,720 Speaker 2: better term control, the robots are going to keep doing 80 00:04:13,760 --> 00:04:16,440 Speaker 2: well and everybody else soup line for you. 81 00:04:17,040 --> 00:04:20,880 Speaker 1: So layoff announcements above seventy thousand in November have happened 82 00:04:20,920 --> 00:04:24,040 Speaker 1: only twice since the year two thousand and eight, and 83 00:04:24,240 --> 00:04:26,680 Speaker 1: since the two thousand and eight financial crisis. A lot 84 00:04:26,680 --> 00:04:30,679 Speaker 1: of companies generally try to avoid announcing layoffs right before 85 00:04:30,720 --> 00:04:35,600 Speaker 1: the holidays. November's numbers were lower than October's numbers. October's 86 00:04:35,680 --> 00:04:39,799 Speaker 1: numbers were pretty bad, one hundred and fifty thousand plus cuts, 87 00:04:40,400 --> 00:04:43,360 Speaker 1: and that was the highest level in twenty two years 88 00:04:43,839 --> 00:04:44,719 Speaker 1: for that month. 89 00:04:44,880 --> 00:04:47,520 Speaker 2: Well, and and then comes back to you know, you 90 00:04:47,600 --> 00:04:49,440 Speaker 2: start with like, what are they doing today? What's the 91 00:04:49,480 --> 00:04:52,359 Speaker 2: focus today down the street from us? Is it on 92 00:04:52,440 --> 00:04:55,080 Speaker 2: any any districting Yeah, is it on any of the stuff? 93 00:04:55,520 --> 00:04:58,760 Speaker 2: Is it anything about affordability of living? Is it addressing 94 00:04:58,839 --> 00:05:02,080 Speaker 2: the skyrocketing util city bills? Any of this stuff that 95 00:05:02,080 --> 00:05:03,240 Speaker 2: would help actual people. 96 00:05:03,640 --> 00:05:03,719 Speaker 1: No. 97 00:05:04,320 --> 00:05:06,440 Speaker 2: I asked this question yesterday and not a single person 98 00:05:06,440 --> 00:05:08,960 Speaker 2: could answer it on social media. Has there been one 99 00:05:09,040 --> 00:05:13,080 Speaker 2: bill filed by a Republican that is focused on lowering 100 00:05:13,279 --> 00:05:17,440 Speaker 2: the burden to the government that everybody is asked to shoulder? 101 00:05:17,760 --> 00:05:19,599 Speaker 2: So tax because but I'm going to talk about these 102 00:05:19,640 --> 00:05:22,760 Speaker 2: specialty tax cuts they do like for their business buddies. 103 00:05:22,800 --> 00:05:25,960 Speaker 2: I'm talking about like legitimate gas tax, property tax, the 104 00:05:26,040 --> 00:05:28,200 Speaker 2: utility bills, all that stuff. No, of course not. Is 105 00:05:28,240 --> 00:05:32,240 Speaker 2: there anything addressing affordability of living? No, of course not. 106 00:05:32,640 --> 00:05:35,800 Speaker 2: It's they're focused on crypto. They're focused on getting rid 107 00:05:35,800 --> 00:05:38,599 Speaker 2: of the making lutenan governor an appointed position. They're focused 108 00:05:38,680 --> 00:05:42,280 Speaker 2: on the stupid sandwich. They're focused on this redistricting stuff. 109 00:05:42,800 --> 00:05:45,839 Speaker 2: There's nothing they're doing. And the same thing is true 110 00:05:45,839 --> 00:05:48,760 Speaker 2: in Washington, and then in Washington they have the audacity 111 00:05:48,800 --> 00:05:49,240 Speaker 2: to come out. 112 00:05:49,120 --> 00:05:52,600 Speaker 3: And go, oh, it's the greatest echotomy ever. We're cooking. 113 00:05:53,000 --> 00:05:56,400 Speaker 3: Everything's fabulous. We're so hot right now. No, we're not 114 00:05:56,480 --> 00:05:59,760 Speaker 3: hot right now. We're not hot right now. 115 00:06:00,720 --> 00:06:02,880 Speaker 2: I believe it was the philosopher Katie Perry who once said, 116 00:06:03,000 --> 00:06:05,800 Speaker 2: you're hot than you're cold, you're yes than your no. 117 00:06:06,560 --> 00:06:09,080 Speaker 2: And that's where we're at right now. Like the form, 118 00:06:09,480 --> 00:06:10,239 Speaker 2: it is not hot. 119 00:06:10,400 --> 00:06:12,200 Speaker 1: There was a new poll that came out and this 120 00:06:12,360 --> 00:06:15,480 Speaker 1: was published in Politico, and it says that Trump's own 121 00:06:15,560 --> 00:06:20,240 Speaker 1: voters are now beginning to blame him for the affordability christ. 122 00:06:20,120 --> 00:06:22,520 Speaker 2: Do you have a data point on that? I do, Okay, 123 00:06:22,640 --> 00:06:23,000 Speaker 2: I do. 124 00:06:23,480 --> 00:06:26,400 Speaker 1: So. The polling shows that many Americans are starting to 125 00:06:26,400 --> 00:06:29,279 Speaker 1: blame Donald Trump for the high cost of living. Forty 126 00:06:29,320 --> 00:06:31,800 Speaker 1: six percent say the cost of living is the worst 127 00:06:31,960 --> 00:06:35,800 Speaker 1: they can remember, and thirty seven percent of them were 128 00:06:35,960 --> 00:06:36,920 Speaker 1: Trump voters. 129 00:06:37,120 --> 00:06:39,600 Speaker 2: Yeah, it's not getting any better. So after you've been 130 00:06:39,600 --> 00:06:41,599 Speaker 2: there a year you own it, right, there's a window 131 00:06:41,600 --> 00:06:43,840 Speaker 2: where he's Okay, hey, it's the other guy. We went 132 00:06:43,839 --> 00:06:45,880 Speaker 2: through this so Obama where it was ridiculous, where everything 133 00:06:45,920 --> 00:06:48,799 Speaker 2: three years in was still Bush's fault. Oh no, no, no, no, no, 134 00:06:48,800 --> 00:06:51,159 Speaker 2: no no. You signed up for this job. You knew 135 00:06:51,160 --> 00:06:53,159 Speaker 2: what the job was. You don't get to blame the 136 00:06:53,200 --> 00:06:56,600 Speaker 2: other guy after a certain window of time. And I 137 00:06:56,640 --> 00:06:59,919 Speaker 2: think what has people really irked is not only as 138 00:07:00,120 --> 00:07:04,120 Speaker 2: not getting better, but there's no plan to make it better. 139 00:07:04,440 --> 00:07:06,760 Speaker 2: There's no plan from Trump, there's no plan from the 140 00:07:06,800 --> 00:07:09,320 Speaker 2: Republicans in the House. There's nothing from the Republicans in 141 00:07:09,360 --> 00:07:12,440 Speaker 2: the Senate. What are they debating right now or getting 142 00:07:12,440 --> 00:07:14,600 Speaker 2: ready to debate whether we're going to extend these Obamacare 143 00:07:14,640 --> 00:07:17,360 Speaker 2: subsidies for three more years, not one year, not two years, 144 00:07:17,360 --> 00:07:19,800 Speaker 2: but three years. You me, on the other hand, we're 145 00:07:19,840 --> 00:07:24,080 Speaker 2: about to just get totally hosed on our insurance. But hey, 146 00:07:24,120 --> 00:07:27,360 Speaker 2: because we go to work every day, f us right, 147 00:07:27,480 --> 00:07:29,800 Speaker 2: you'll just shut up and pay it. Nobody's focused on 148 00:07:29,840 --> 00:07:34,120 Speaker 2: the affordability of the middle class, who's working, the middle class, 149 00:07:34,160 --> 00:07:37,120 Speaker 2: who's producing. Those middle class people who are working and 150 00:07:37,120 --> 00:07:42,000 Speaker 2: producing are being driven down into the lower class, nobody's 151 00:07:42,000 --> 00:07:46,280 Speaker 2: almost nobody's elevating anymore. It's almost impossible unless you're gonna 152 00:07:46,280 --> 00:07:49,880 Speaker 2: work three or four jobs to elevate your financial position 153 00:07:49,960 --> 00:07:52,120 Speaker 2: right now, unless you're in a very select group of fields, 154 00:07:52,160 --> 00:07:54,560 Speaker 2: and people are like, wait a second, dude, you are 155 00:07:54,560 --> 00:07:56,800 Speaker 2: supposed to fix this, and you seem to be focused 156 00:07:56,800 --> 00:07:58,200 Speaker 2: on everything but this. 157 00:07:58,880 --> 00:08:01,640 Speaker 1: According to this poll, fifty six percent of Americans say 158 00:08:01,640 --> 00:08:04,400 Speaker 1: affordability is their number one priority.