1 00:00:00,480 --> 00:00:03,920 Speaker 1: You're listening to KFI AM six forty on demand. 2 00:00:07,160 --> 00:00:10,280 Speaker 2: B Lou Penrose, good to have you along with us. 3 00:00:10,440 --> 00:00:13,399 Speaker 2: There is no other word but bombshell for the story. 4 00:00:13,480 --> 00:00:16,600 Speaker 2: This is a political bombshell. There is no way that 5 00:00:16,760 --> 00:00:23,279 Speaker 2: the chief of staff of the governor can engage or 6 00:00:23,280 --> 00:00:26,320 Speaker 2: at least alleged to be engaged in these kinds of 7 00:00:27,200 --> 00:00:32,280 Speaker 2: transgressions and other staffers not be aware. Talking of course, 8 00:00:32,320 --> 00:00:38,960 Speaker 2: about the arrest of Dana Williamson FBI investigation under the 9 00:00:38,960 --> 00:00:43,280 Speaker 2: Biden administration, for all kinds of problems with respect to 10 00:00:43,320 --> 00:00:50,320 Speaker 2: campaign accounts and moving moneies around. Joining us here is 11 00:00:50,360 --> 00:00:53,519 Speaker 2: a Jason Cappedonia. He is with the KFI newsroom. Jason, 12 00:00:53,920 --> 00:00:56,840 Speaker 2: it seems like new information is dripping out, which is bad, 13 00:00:57,160 --> 00:00:59,840 Speaker 2: the fact that somebody this close to the governor could 14 00:00:59,840 --> 00:01:03,320 Speaker 2: be accused of something, and not one accusation, twenty three counts. 15 00:01:03,520 --> 00:01:07,240 Speaker 2: And then we learned six hours later that Newsom knew 16 00:01:07,280 --> 00:01:09,880 Speaker 2: that she was under investigation, which is the reason why 17 00:01:09,880 --> 00:01:12,600 Speaker 2: he dismissed her. That's why she's the former chief of staff. 18 00:01:12,600 --> 00:01:14,319 Speaker 2: Otherwise she'd still be the chief of staff. 19 00:01:14,400 --> 00:01:17,000 Speaker 3: What's funny about that is that when she left, he 20 00:01:17,080 --> 00:01:21,120 Speaker 3: actually posted on as that you know, she will be missed, 21 00:01:21,200 --> 00:01:23,640 Speaker 3: and she has a big heart, and he you know, 22 00:01:23,720 --> 00:01:27,640 Speaker 3: appreciated her, her insight and her knowledge and things like that. 23 00:01:27,760 --> 00:01:32,400 Speaker 3: So it was definitely a smoke and mirror's issue. And 24 00:01:32,440 --> 00:01:35,360 Speaker 3: when news broke yesterday of this of this person that 25 00:01:35,560 --> 00:01:38,560 Speaker 3: you know, being arrested and facing all of these counts, 26 00:01:38,600 --> 00:01:40,800 Speaker 3: I reached out to Newsom's people. They came back to 27 00:01:40,840 --> 00:01:45,959 Speaker 3: me very quickly, totally denying any involvement. Newsom's not mentioned 28 00:01:45,959 --> 00:01:49,720 Speaker 3: in the indictment. She's been gone since twenty twenty four. 29 00:01:49,880 --> 00:01:50,800 Speaker 3: I had nothing to. 30 00:01:50,760 --> 00:01:51,160 Speaker 2: Do with it. 31 00:01:51,880 --> 00:01:54,480 Speaker 3: And then about a half an hour later I got 32 00:01:54,480 --> 00:01:58,600 Speaker 3: another email from the Newsom administration saying, oh, by the way, 33 00:01:58,800 --> 00:02:00,920 Speaker 3: just to let you know, we let her go as 34 00:02:00,920 --> 00:02:04,400 Speaker 3: soon as we got with of the federal indictment. 35 00:02:04,800 --> 00:02:07,000 Speaker 2: Right here you go. That's the drip drip that I'm 36 00:02:07,040 --> 00:02:10,160 Speaker 2: talking about, right, and which means that in six more 37 00:02:10,200 --> 00:02:13,800 Speaker 2: hours you'll get another email right to me. I mean, 38 00:02:13,880 --> 00:02:16,600 Speaker 2: that's that's I mean, that's the conclusion you have to draw. 39 00:02:17,120 --> 00:02:20,600 Speaker 2: Because Okay, so just to put this in perspective, I've 40 00:02:20,639 --> 00:02:24,240 Speaker 2: worked for three members of Congress at high level deputy 41 00:02:24,320 --> 00:02:27,520 Speaker 2: chief of staff. I understand how this works with respect 42 00:02:27,560 --> 00:02:31,760 Speaker 2: to the separation between official business and campaign business. Dana 43 00:02:31,800 --> 00:02:35,760 Speaker 2: Williamson worked for Newsom, worked for Jerry Brown, and also 44 00:02:36,000 --> 00:02:39,840 Speaker 2: served in the Great Davis administration. She is a lifer. 45 00:02:39,919 --> 00:02:43,000 Speaker 2: She understands the rules. She did not wake up in 46 00:02:43,080 --> 00:02:47,600 Speaker 2: twenty twenty two and decide I'm going to you know, 47 00:02:47,919 --> 00:02:50,520 Speaker 2: steal two hundred and twenty five thousand dollars ten thousand 48 00:02:50,520 --> 00:02:52,800 Speaker 2: dollars at a time. So either she had been she 49 00:02:53,480 --> 00:02:55,960 Speaker 2: this is just based on what I see in life 50 00:02:56,000 --> 00:03:01,040 Speaker 2: and in that industry. Either she was crooked or something. 51 00:03:01,200 --> 00:03:03,960 Speaker 2: All else is going on. There are more people involved. 52 00:03:03,600 --> 00:03:05,839 Speaker 3: Oh absolutely, And I think what we're going to find 53 00:03:05,880 --> 00:03:10,440 Speaker 3: out here is that newsome one knew about it and 54 00:03:10,480 --> 00:03:13,760 Speaker 3: then decided to, you know, try to distance himself from 55 00:03:13,800 --> 00:03:18,000 Speaker 3: it very quickly. And you know, the FEDS could say, hey, 56 00:03:18,080 --> 00:03:21,600 Speaker 3: you knew more than what you've alleged in some of 57 00:03:21,639 --> 00:03:23,920 Speaker 3: the documents, because I'm sure they've had to have talked 58 00:03:23,960 --> 00:03:27,160 Speaker 3: to him an investigation this big, They've had to have 59 00:03:27,200 --> 00:03:29,120 Speaker 3: gotten a hold of him and other people in the 60 00:03:29,120 --> 00:03:31,800 Speaker 3: office at the time and things like that, so you know, 61 00:03:31,880 --> 00:03:34,960 Speaker 3: because they're they're not going to do this big display 62 00:03:35,200 --> 00:03:40,120 Speaker 3: of enforcement if they don't have anything to solid to 63 00:03:40,200 --> 00:03:43,280 Speaker 3: go on. And it really is interesting because the way 64 00:03:43,440 --> 00:03:47,360 Speaker 3: that it's very complicated how they were funneling funds away 65 00:03:47,400 --> 00:03:51,400 Speaker 3: from this dormant campaign account that they had access to 66 00:03:51,480 --> 00:03:52,480 Speaker 3: for Javier Bessera. 67 00:03:52,920 --> 00:03:54,880 Speaker 2: It you know, it's got to go through. 68 00:03:54,640 --> 00:03:57,520 Speaker 3: This channel, than that channel, than this channel, than back 69 00:03:57,560 --> 00:04:00,360 Speaker 3: to that channel, and then circle back around to another 70 00:04:00,440 --> 00:04:03,400 Speaker 3: channel into an account that now I control, and that's 71 00:04:03,440 --> 00:04:06,160 Speaker 3: how they were siphoning the money. But I mean, the 72 00:04:06,560 --> 00:04:09,920 Speaker 3: flow chart of the actual indict the papers from the 73 00:04:09,960 --> 00:04:14,000 Speaker 3: indictment really go into detail and it's it's mind boggling 74 00:04:14,040 --> 00:04:15,880 Speaker 3: how anybody can keep any of this straight. 75 00:04:16,600 --> 00:04:20,839 Speaker 2: Let's talk about Bessera for a second, because the other 76 00:04:21,080 --> 00:04:25,240 Speaker 2: another co conspirator was the chief of staff to Bessera, 77 00:04:25,760 --> 00:04:29,280 Speaker 2: and Bessara was ag you attorney general. So I mean, 78 00:04:29,320 --> 00:04:33,039 Speaker 2: these are people with train staff on how to keep 79 00:04:33,080 --> 00:04:36,600 Speaker 2: a wall of separation between official conduct, and a chief 80 00:04:36,640 --> 00:04:39,080 Speaker 2: of staff would be on the official side. The chief 81 00:04:39,080 --> 00:04:42,400 Speaker 2: of staff is paid for by the taxpayer. Campaign is different. 82 00:04:42,440 --> 00:04:45,800 Speaker 2: You've got to be very cautious of that. And as 83 00:04:45,839 --> 00:04:49,680 Speaker 2: a former federal employee that worked on both sides, you 84 00:04:49,880 --> 00:04:52,440 Speaker 2: are well aware and you're highly trained, and it is 85 00:04:52,560 --> 00:04:55,599 Speaker 2: just I mean the rule, right, you don't even take 86 00:04:55,640 --> 00:04:58,120 Speaker 2: a chance. So these people knew, they knew what to 87 00:04:58,160 --> 00:05:02,880 Speaker 2: do and what not to do, and that it was 88 00:05:02,920 --> 00:05:07,240 Speaker 2: Besarah's account is curious to me because of course the 89 00:05:07,360 --> 00:05:09,680 Speaker 2: question is going to go to him. How could you 90 00:05:09,800 --> 00:05:13,560 Speaker 2: not know? Right? So what do you mean adormant account? 91 00:05:13,680 --> 00:05:15,919 Speaker 2: You know that you have accounts. 92 00:05:15,520 --> 00:05:18,719 Speaker 3: Open, especially with two hundred and twenty five thousand dollars. 93 00:05:18,760 --> 00:05:20,960 Speaker 3: It's not fifty bucks in a checking account that I 94 00:05:21,040 --> 00:05:22,520 Speaker 3: forgot about. 95 00:05:22,000 --> 00:05:24,479 Speaker 2: This is this is a quarter of a million dollars 96 00:05:24,720 --> 00:05:26,760 Speaker 2: and that can be used me by the way, being 97 00:05:26,920 --> 00:05:30,200 Speaker 2: drained by at a rate of ten thousand dollars a month. Right, 98 00:05:30,279 --> 00:05:33,720 Speaker 2: so you have to know this. You get quarterly statements. 99 00:05:33,720 --> 00:05:36,920 Speaker 2: I mean, you can't be that aloof and if you are, 100 00:05:37,120 --> 00:05:40,599 Speaker 2: then it calls him to question his judgment. That's exactly right. 101 00:05:40,680 --> 00:05:43,080 Speaker 3: And you know, the public perception of this is that 102 00:05:43,120 --> 00:05:45,279 Speaker 3: it really takes the wind out of the sales for 103 00:05:45,400 --> 00:05:48,960 Speaker 3: the Democrats, having just one on Prop fifty here in California. 104 00:05:49,040 --> 00:05:51,560 Speaker 3: So it is kind of one of those conspiracy theorists 105 00:05:51,600 --> 00:05:54,400 Speaker 3: as well. Okay, so who flipped or who flipped who? 106 00:05:54,880 --> 00:05:59,400 Speaker 3: Or who who tattled on who on the along the 107 00:05:59,520 --> 00:06:03,120 Speaker 3: chain of of command there, because it looks like a 108 00:06:03,160 --> 00:06:05,680 Speaker 3: lot of people knew about this. It's just there. They've 109 00:06:05,680 --> 00:06:11,760 Speaker 3: got enough evidence to convict the three on the federal charges. Well, look, 110 00:06:11,800 --> 00:06:13,080 Speaker 3: it's going to be a battle royale. 111 00:06:13,360 --> 00:06:19,200 Speaker 2: But the question now becomes who benefits from this, because honestly, 112 00:06:19,240 --> 00:06:22,480 Speaker 2: the race to replace Gavin Newsom is now wide open 113 00:06:22,640 --> 00:06:26,360 Speaker 2: yet again. I mean, you had Kamala Harris, she was out, 114 00:06:26,400 --> 00:06:29,320 Speaker 2: the lieutenant governor with the unpronounceable name she was in. 115 00:06:29,400 --> 00:06:31,919 Speaker 2: Now she's out. Tony Atkins out of San Diego. She 116 00:06:32,080 --> 00:06:35,039 Speaker 2: was the Speaker of the Assembly and Senate pro temp. 117 00:06:35,160 --> 00:06:38,760 Speaker 2: She drops out. So and then Katie Porter has a meltdown. 118 00:06:38,920 --> 00:06:43,520 Speaker 2: Now Besarah's got problem, bad headline. Yeah, yeah, it's wide open. 119 00:06:43,760 --> 00:06:43,960 Speaker 2: You know. 120 00:06:44,040 --> 00:06:46,760 Speaker 3: The latest that I'm seeing is that Eric Swalwell really 121 00:06:46,760 --> 00:06:49,880 Speaker 3: wants to throw his name into the ring and try 122 00:06:49,880 --> 00:06:52,279 Speaker 3: and make a run at it. He's Democrat, he's got 123 00:06:52,279 --> 00:06:56,400 Speaker 3: some name recognition, He's got a pretty good chance. NBC 124 00:06:56,560 --> 00:07:00,560 Speaker 3: News is talking about that. That's that's probably the guy. 125 00:07:01,560 --> 00:07:04,239 Speaker 2: That's swallow will jump in. Now, well, i mean it's 126 00:07:04,320 --> 00:07:07,760 Speaker 2: wide open, but it's even if he jumps in. Now 127 00:07:07,920 --> 00:07:13,920 Speaker 2: he is jumping in because the Democrat bench is self destructing. 128 00:07:14,320 --> 00:07:17,440 Speaker 2: I mean I've read somewhere somebody likened it to the 129 00:07:17,520 --> 00:07:21,200 Speaker 2: drummer and spinal top. They just seem to explode over 130 00:07:21,200 --> 00:07:22,880 Speaker 2: and over and over again. So everybody that's in the 131 00:07:22,960 --> 00:07:25,960 Speaker 2: lean on the Democrat side for the governor of California. 132 00:07:26,000 --> 00:07:28,160 Speaker 2: I mean, it's just the it is the plumb of 133 00:07:28,240 --> 00:07:31,400 Speaker 2: Democrat politics to be the governor of the largest state, 134 00:07:31,600 --> 00:07:35,640 Speaker 2: right and everybody that sits on that stool just explodes 135 00:07:35,680 --> 00:07:36,800 Speaker 2: like a spinal tap drummer. 136 00:07:36,920 --> 00:07:41,080 Speaker 3: And then the national implications here really could hurt Newsome. 137 00:07:41,840 --> 00:07:43,640 Speaker 3: You know, if if you look at it from a 138 00:07:43,640 --> 00:07:47,520 Speaker 3: whole the flyover states, they'll probably nail him on homelessness 139 00:07:47,520 --> 00:07:49,920 Speaker 3: and the budget and things like that. But now you've 140 00:07:49,920 --> 00:07:55,000 Speaker 3: got actual corruption happening within his office and under his nose. 141 00:07:55,280 --> 00:07:57,240 Speaker 3: And just like you said before, you can't tell me 142 00:07:57,280 --> 00:08:00,400 Speaker 3: that he didn't know something fishy was going on. And 143 00:08:00,600 --> 00:08:03,720 Speaker 3: he may not have been directly involved, he may not 144 00:08:03,840 --> 00:08:07,040 Speaker 3: have been in the room when the transactions were happening, 145 00:08:07,320 --> 00:08:09,200 Speaker 3: but you can't tell me he didn't know. It's just 146 00:08:09,240 --> 00:08:11,800 Speaker 3: like show, Hey, Otani didn't bet on sports? 147 00:08:11,920 --> 00:08:16,560 Speaker 2: Yeah, okay, yeah they have. I mean certainly other staffers know. 148 00:08:16,640 --> 00:08:19,240 Speaker 2: All right, drip drip, let us know if you get 149 00:08:19,320 --> 00:08:22,760 Speaker 2: yet another email any sooner than six hours. KFI is 150 00:08:22,800 --> 00:08:26,120 Speaker 2: Jason Campadonia. Thanks so much. I appreciate you. Thank you. 151 00:08:26,280 --> 00:08:28,400 Speaker 2: All right, So when we come back, let's talk about 152 00:08:28,400 --> 00:08:31,600 Speaker 2: now the race for governor being blown wide open and 153 00:08:32,440 --> 00:08:37,400 Speaker 2: what Williamson said today coming out of the courtroom. That's 154 00:08:37,440 --> 00:08:40,439 Speaker 2: all coming up next. Lou Penrose on KFI AM six 155 00:08:40,559 --> 00:08:42,800 Speaker 2: forty live everywhere on the Iheartradioact. 156 00:08:43,520 --> 00:08:47,359 Speaker 1: You're listening to KFI AM six forty on demand. 157 00:08:48,720 --> 00:08:52,080 Speaker 2: Talking about this just bombshell of a story, the former 158 00:08:52,440 --> 00:08:58,000 Speaker 2: chief of staff of Governor Gavin Newsom being nailed by 159 00:08:58,000 --> 00:09:02,040 Speaker 2: the FBI. So this is kind of an inside baseball story. 160 00:09:02,280 --> 00:09:08,319 Speaker 2: And what even further complicates it is it is it's 161 00:09:08,320 --> 00:09:10,640 Speaker 2: against the law, but it really isn't a violation of 162 00:09:10,679 --> 00:09:14,480 Speaker 2: the public trust because what she was doing, what she's 163 00:09:14,520 --> 00:09:19,880 Speaker 2: accused of doing, somebody did it was drain campaign donations 164 00:09:19,920 --> 00:09:25,280 Speaker 2: out of a campaign account to enrich in somebody. So 165 00:09:25,600 --> 00:09:29,640 Speaker 2: it's like it's less insulting to the taxpayer because it 166 00:09:29,679 --> 00:09:32,840 Speaker 2: wasn't taxpayer. It's it's still wrong so you still can't 167 00:09:32,880 --> 00:09:35,320 Speaker 2: do it. It's still crime. She could do jail time 168 00:09:35,360 --> 00:09:41,480 Speaker 2: for it. So it does speak to a corruption, but 169 00:09:41,640 --> 00:09:45,559 Speaker 2: a different kind of corruption, And it does go further 170 00:09:45,600 --> 00:09:50,520 Speaker 2: than that, because when you hire somebody and that somebody 171 00:09:51,720 --> 00:09:55,280 Speaker 2: engages in this kind of activity, it calls into question 172 00:09:55,360 --> 00:09:57,839 Speaker 2: the judgment of the person that does the hiring. Now 173 00:09:58,400 --> 00:10:01,559 Speaker 2: you know a CFO and Bezel's money from a corporation, 174 00:10:02,800 --> 00:10:07,839 Speaker 2: is the CEO who hired the CFO responsible a little bit, right, 175 00:10:07,880 --> 00:10:11,959 Speaker 2: And she was in Sacramento for a long time serving 176 00:10:11,960 --> 00:10:14,640 Speaker 2: in these high profile roles. Chief of staff is the 177 00:10:14,679 --> 00:10:17,959 Speaker 2: highest level. They're the chief of the whole staff. They 178 00:10:18,000 --> 00:10:21,320 Speaker 2: hire the whole staff for the governor, and they're responsible 179 00:10:21,320 --> 00:10:25,719 Speaker 2: for a lot of things. They usually aren't as involved 180 00:10:25,880 --> 00:10:29,320 Speaker 2: on the fundraising side. That's what makes this curious. Let 181 00:10:29,400 --> 00:10:32,000 Speaker 2: me explain to you how this works, and then you'll 182 00:10:32,040 --> 00:10:34,679 Speaker 2: be smart and you'll be able to explain it to 183 00:10:34,720 --> 00:10:40,280 Speaker 2: everybody else. In politics, there are two worlds and those 184 00:10:40,440 --> 00:10:47,280 Speaker 2: worlds cannot meet, kind of a George Costanza thing. If 185 00:10:47,280 --> 00:10:50,280 Speaker 2: the world's collide, they'll explode and somebody will go to jail. 186 00:10:50,720 --> 00:10:54,360 Speaker 2: There is the official side of an elected official and 187 00:10:54,400 --> 00:11:00,000 Speaker 2: there's the campaign side of an elected official, and staff 188 00:11:00,200 --> 00:11:03,080 Speaker 2: can't cross the monies can't cross. It has to be 189 00:11:03,200 --> 00:11:07,680 Speaker 2: very separate. When I worked in Congress, serving as deputy 190 00:11:07,720 --> 00:11:10,600 Speaker 2: chief of staff with free members of Congress here in California, 191 00:11:12,160 --> 00:11:16,040 Speaker 2: you had literally two devices. We didn't have iPhones, then 192 00:11:16,559 --> 00:11:19,440 Speaker 2: we had blackberries, but you had two blackberries. You had 193 00:11:19,440 --> 00:11:22,600 Speaker 2: an official BlackBerry that was paid for by the taxpayer, 194 00:11:23,040 --> 00:11:26,319 Speaker 2: and you had a campaign BlackBerry that was paid for 195 00:11:26,440 --> 00:11:31,440 Speaker 2: by campaign funds. Because you could not use your official 196 00:11:31,480 --> 00:11:34,880 Speaker 2: taxpayer paid for equipment to do campaign work, which is 197 00:11:34,960 --> 00:11:41,000 Speaker 2: right and proper, and everything was separate, and we were, 198 00:11:41,080 --> 00:11:44,120 Speaker 2: I mean, it was drilled on us that. I mean, 199 00:11:44,480 --> 00:11:48,160 Speaker 2: you do not respond to a campaign related email. You 200 00:11:48,200 --> 00:11:52,360 Speaker 2: don't pick up the phone in official business office. If 201 00:11:52,360 --> 00:11:54,680 Speaker 2: you're in an office that's the rent is paid for 202 00:11:54,800 --> 00:11:57,240 Speaker 2: by the taxpayer, you don't pick up a telephone call 203 00:11:57,640 --> 00:12:04,520 Speaker 2: on that campaign phone. And good lawmakers trained good staff 204 00:12:04,520 --> 00:12:07,480 Speaker 2: to obey that rule, because you shouldn't be doing campaign 205 00:12:07,520 --> 00:12:11,840 Speaker 2: work on the taxpayer's dime, even if it's just responding 206 00:12:11,880 --> 00:12:17,560 Speaker 2: to a quick email about a scheduled event. So these 207 00:12:17,600 --> 00:12:21,560 Speaker 2: people in question here, these quote unquote co conspirators, they 208 00:12:21,679 --> 00:12:26,880 Speaker 2: all know the rules. They absolutely know the rules. They 209 00:12:26,920 --> 00:12:30,200 Speaker 2: could not have survived in politics in Sacramento this long 210 00:12:30,240 --> 00:12:33,760 Speaker 2: without not only knowing the rules, have taught the rules 211 00:12:33,760 --> 00:12:37,280 Speaker 2: to their staff. So that then raises the question what 212 00:12:37,440 --> 00:12:40,280 Speaker 2: was the culture in the office that this was able 213 00:12:40,320 --> 00:12:44,400 Speaker 2: to go on? Because, as I said, this individual and 214 00:12:44,480 --> 00:12:47,360 Speaker 2: I don't know her, but I understand she's a big 215 00:12:47,400 --> 00:12:52,880 Speaker 2: deal up in Sacramento. Dana Williamson had worked for as 216 00:12:52,960 --> 00:12:56,320 Speaker 2: chief of staff for Newsom, but also served Jerry Brown, 217 00:12:56,520 --> 00:13:01,000 Speaker 2: and not at the highest level, but in the Davis administration. 218 00:13:01,679 --> 00:13:03,719 Speaker 2: So she'd been around for a long time. And the 219 00:13:03,800 --> 00:13:07,000 Speaker 2: rules pretty much haven't changed with respect to how you'd 220 00:13:07,120 --> 00:13:12,120 Speaker 2: keep two bank accounts and two worlds separate. There are 221 00:13:12,160 --> 00:13:18,240 Speaker 2: campaign offices and there are official offices, different staff, different computers, 222 00:13:18,800 --> 00:13:26,360 Speaker 2: different email addresses, and yeah, different devices. So one of 223 00:13:26,440 --> 00:13:31,800 Speaker 2: two things clearly was going on. Either she has been 224 00:13:31,840 --> 00:13:41,720 Speaker 2: a cuiped for a long time or something new happened. Also, 225 00:13:42,160 --> 00:13:48,079 Speaker 2: it is fair to critique. Certainly Besserah, like Newsome, could 226 00:13:48,840 --> 00:13:52,320 Speaker 2: easily say, look, I heard that she was under investigation. 227 00:13:52,400 --> 00:13:54,719 Speaker 2: As soon as I heard she was under investigation, I 228 00:13:55,440 --> 00:13:58,400 Speaker 2: dismissed her. She was fired and I'm just sad like 229 00:13:58,480 --> 00:14:00,960 Speaker 2: he can keep at arms length way until we find 230 00:14:00,960 --> 00:14:04,240 Speaker 2: out more. But I don't give that grace to Bisarah. 231 00:14:04,400 --> 00:14:07,719 Speaker 2: How can you not know that you are in possession 232 00:14:07,800 --> 00:14:09,800 Speaker 2: of a campaign account with two hundred and twenty five 233 00:14:09,840 --> 00:14:12,959 Speaker 2: thousand dollars in it, and then all of a sudden, 234 00:14:13,960 --> 00:14:19,040 Speaker 2: in that campaign account, somebody was either hired or appointed 235 00:14:19,600 --> 00:14:23,120 Speaker 2: to oversee the campaign account in exchange for a ten 236 00:14:23,240 --> 00:14:28,240 Speaker 2: thousand dollars a month consulting fee, and he wasn't raising 237 00:14:28,280 --> 00:14:31,920 Speaker 2: money into the account. So clearly that account would be 238 00:14:32,000 --> 00:14:38,960 Speaker 2: drained at a ten thousand dollars distribution clip every month, 239 00:14:39,520 --> 00:14:43,480 Speaker 2: So somebody was drinting his money. So you can't miss that. 240 00:14:43,600 --> 00:14:46,240 Speaker 2: How can you miss that? So I think Bissarah is 241 00:14:46,280 --> 00:14:48,360 Speaker 2: the one that pays the real price here because he's 242 00:14:48,360 --> 00:14:53,840 Speaker 2: a candidate for governor and the hit is clear. Either 243 00:14:55,000 --> 00:14:58,680 Speaker 2: you knew that money was being funneled out of one 244 00:14:58,720 --> 00:15:03,720 Speaker 2: of your campaign accounts to benefit somebody and you were 245 00:15:03,800 --> 00:15:08,480 Speaker 2: okay with it, in which case that's a little shady 246 00:15:08,640 --> 00:15:13,520 Speaker 2: and you're unfit to be governor and you're out, or 247 00:15:13,560 --> 00:15:17,640 Speaker 2: you didn't know that you one of your campaign accounts 248 00:15:17,760 --> 00:15:20,320 Speaker 2: was losing ten thousand dollars a month that you didn't 249 00:15:20,320 --> 00:15:24,120 Speaker 2: approve of, in which case you're an idiot and unfit 250 00:15:24,120 --> 00:15:28,440 Speaker 2: to be governor and you're out. Either way, you're out. 251 00:15:29,520 --> 00:15:33,720 Speaker 2: So this blows the race wide open. I mean, there 252 00:15:33,760 --> 00:15:36,880 Speaker 2: is literally literally nobody who is the heir parent to 253 00:15:36,920 --> 00:15:40,280 Speaker 2: Gavin Newsom, and I am just shocked. Democrats in California 254 00:15:40,320 --> 00:15:43,400 Speaker 2: are way better at this than Republicans. They are way 255 00:15:43,520 --> 00:15:48,640 Speaker 2: better at getting a bench going. Right. Every single state 256 00:15:48,760 --> 00:15:52,600 Speaker 2: assembly member that's a Democrat has somebody on their staff 257 00:15:52,920 --> 00:15:55,800 Speaker 2: that is either on a local school board or on 258 00:15:55,880 --> 00:15:58,960 Speaker 2: a city council in the district, or is on the 259 00:15:59,000 --> 00:16:02,600 Speaker 2: planning commission for the city in the district. And then 260 00:16:02,640 --> 00:16:04,640 Speaker 2: they're going to move up. And when that state assembly 261 00:16:04,680 --> 00:16:07,640 Speaker 2: member who's a Democrat becomes the state Senator, than that 262 00:16:07,720 --> 00:16:11,440 Speaker 2: person who's on the planning commission or on the school board, 263 00:16:11,440 --> 00:16:13,920 Speaker 2: then they run. They become the assembly member, and then 264 00:16:13,920 --> 00:16:16,080 Speaker 2: when that state senator is turned out, they're going to 265 00:16:16,160 --> 00:16:21,120 Speaker 2: run for you know, a statewide office, treasurer, attorney general, whatever, 266 00:16:21,680 --> 00:16:25,240 Speaker 2: and then and Democrats have a great plan always in 267 00:16:25,320 --> 00:16:29,000 Speaker 2: place to move Democrats up the chain. And here we 268 00:16:29,080 --> 00:16:34,200 Speaker 2: have the governor's race wide open, and nobody even close. 269 00:16:35,200 --> 00:16:38,160 Speaker 2: Lou Penrose on KFI AM six forty Live Everywhere on 270 00:16:38,200 --> 00:16:39,240 Speaker 2: the iHeartRadio app. 271 00:16:39,720 --> 00:16:43,160 Speaker 1: You're listening to KFI AM six forty on demand. 272 00:16:44,800 --> 00:16:47,320 Speaker 2: What a story. Always got to have a scandal, and 273 00:16:47,440 --> 00:16:49,080 Speaker 2: there is a This is going to be a big one. 274 00:16:49,760 --> 00:16:53,200 Speaker 2: We'll see if Newsom has more to say. When he 275 00:16:53,480 --> 00:16:56,160 Speaker 2: fired the chief of staff, he went on social media 276 00:16:56,200 --> 00:16:59,760 Speaker 2: and said, I greatly appreciate Dana's council and our service 277 00:16:59,760 --> 00:17:02,680 Speaker 2: to the state and the people of California over the 278 00:17:02,720 --> 00:17:06,240 Speaker 2: last two years. Her insight, tenacity and big art will 279 00:17:06,240 --> 00:17:10,840 Speaker 2: be missed. So he wrote that knowing that she was 280 00:17:10,960 --> 00:17:19,040 Speaker 2: under FBI investigation in the Biden administration. So I don't 281 00:17:19,080 --> 00:17:23,680 Speaker 2: know that the reporters have done asking him questions. Here 282 00:17:23,760 --> 00:17:28,280 Speaker 2: is Gil Durant. He is a colleague of this individual, 283 00:17:28,320 --> 00:17:30,879 Speaker 2: worked with her in previous administrations. 284 00:17:31,080 --> 00:17:35,440 Speaker 4: Dana has a reputation for being reckless, for being irresponsible, 285 00:17:35,640 --> 00:17:38,080 Speaker 4: and for being a bully. She was somebody who loved 286 00:17:38,119 --> 00:17:42,399 Speaker 4: power and loved to abuse power often. If you look 287 00:17:42,440 --> 00:17:45,320 Speaker 4: at some of the indictment, she's talking about getting people fired, 288 00:17:45,760 --> 00:17:47,720 Speaker 4: you know, laughing and calling people's names. 289 00:17:47,760 --> 00:17:50,280 Speaker 2: This is very much how she was. And Wow, that's 290 00:17:50,359 --> 00:17:52,600 Speaker 2: tough stuff. So this is what's going to happen, because 291 00:17:52,640 --> 00:17:58,520 Speaker 2: realize it's Democrat on Democrat now to win that governor seat. 292 00:18:01,000 --> 00:18:03,360 Speaker 2: This is gonna get interesting. I think we're not done 293 00:18:03,440 --> 00:18:07,640 Speaker 2: yet seeing names jump in. I'm not sure Swawell has 294 00:18:07,640 --> 00:18:13,440 Speaker 2: got his own portfolio of problems back in Washington, and 295 00:18:13,600 --> 00:18:16,520 Speaker 2: I just think it's wide open. So I think that 296 00:18:16,640 --> 00:18:20,200 Speaker 2: we are. We'd yet to hear the last candidate enter 297 00:18:20,240 --> 00:18:23,720 Speaker 2: into this race. I still have my money on Alex Spadilla. 298 00:18:23,960 --> 00:18:27,760 Speaker 2: I know on election Day, Senator Alex Padilla said that 299 00:18:27,880 --> 00:18:30,960 Speaker 2: he is not running for governor. Maybe this will be 300 00:18:31,040 --> 00:18:36,080 Speaker 2: the reason he changes his mind that now Riverside County 301 00:18:36,119 --> 00:18:41,240 Speaker 2: Sheriff Chad Bianco is on top in the latest polling. 302 00:18:43,000 --> 00:18:47,680 Speaker 2: He is the favorite. Now he's the favorite, like we're 303 00:18:47,720 --> 00:18:52,760 Speaker 2: thirteen percent, forty four percent of likely voters undecided. But nevertheless, 304 00:18:53,200 --> 00:18:55,720 Speaker 2: it matters not where the numbers are in politics. It 305 00:18:55,760 --> 00:18:58,560 Speaker 2: only matters that the direction the numbers are going. And 306 00:18:59,480 --> 00:19:03,480 Speaker 2: Bianco was leading the pack because Democrats are imploding. So 307 00:19:03,600 --> 00:19:07,119 Speaker 2: does Pidia change his mind and decide that he's no 308 00:19:07,200 --> 00:19:10,600 Speaker 2: longer interested in being in the minority in the United 309 00:19:10,600 --> 00:19:15,679 Speaker 2: States Senate and come back and run for governor. I 310 00:19:15,680 --> 00:19:19,320 Speaker 2: think the race is wide open. But yeah, she was 311 00:19:19,440 --> 00:19:23,320 Speaker 2: characterized as a real tough cookie as chief of staff, 312 00:19:23,520 --> 00:19:27,640 Speaker 2: but had a very interesting answer. She only said one 313 00:19:27,680 --> 00:19:31,160 Speaker 2: thing leaving the courthouse. Uh, they were asking you all 314 00:19:31,240 --> 00:19:34,800 Speaker 2: kinds of questions, shouting questions at her, and she only 315 00:19:34,840 --> 00:19:36,560 Speaker 2: said one thing. Do you have any common missile in. 316 00:19:36,600 --> 00:19:38,960 Speaker 1: Some excuse us? You know you can keep protact may 317 00:19:39,000 --> 00:19:40,320 Speaker 1: Atturtiam excuse us. 318 00:19:40,640 --> 00:19:44,359 Speaker 2: I don't know if you could hear that, but it 319 00:19:44,359 --> 00:19:47,600 Speaker 2: it really caught my ear. Not so much what she said. 320 00:19:47,640 --> 00:19:49,720 Speaker 2: She said, you guys will have to talk to my attorney, 321 00:19:50,240 --> 00:19:52,399 Speaker 2: and that was the only statement she made, but it 322 00:19:52,480 --> 00:19:54,360 Speaker 2: was how she said it that really caught my ear. 323 00:19:55,320 --> 00:20:01,800 Speaker 2: Contact mattur team. She literally had an almost co Southern 324 00:20:01,880 --> 00:20:10,639 Speaker 2: Californian affectation. Listen to it again, like it almost sounded 325 00:20:10,720 --> 00:20:15,160 Speaker 2: like a sorority girl from SDSU in San Diego had 326 00:20:15,240 --> 00:20:19,040 Speaker 2: that that level of an affectation. And all I could 327 00:20:19,040 --> 00:20:26,760 Speaker 2: think about was the Californians on Saturday Night Live. It 328 00:20:26,800 --> 00:20:29,760 Speaker 2: was so weird, and everyone's talking about how tough she is. 329 00:20:29,800 --> 00:20:32,960 Speaker 2: She's a real, uh, you know, a tough cookie up 330 00:20:32,960 --> 00:20:36,040 Speaker 2: there in Sacramento she's you know, a hard nosed and 331 00:20:36,200 --> 00:20:40,080 Speaker 2: uh iron rules with an iron fist and sounds like 332 00:20:40,080 --> 00:20:45,359 Speaker 2: a valley girl. You have to talk to my attorney. 333 00:20:46,600 --> 00:20:49,399 Speaker 2: So classic, that's all. And and now that when I 334 00:20:49,440 --> 00:20:52,159 Speaker 2: look at her, even though coming down those stairs, she 335 00:20:52,240 --> 00:20:55,520 Speaker 2: looked like Khalid Sheik Mohammed with the old stretched out 336 00:20:55,520 --> 00:20:57,320 Speaker 2: white T shirt. I don't know what happened. Maybe they 337 00:20:57,320 --> 00:20:59,280 Speaker 2: pulled her. Uh, she didn't have a chance to get 338 00:20:59,320 --> 00:21:02,000 Speaker 2: her self the other there. But she looked like hell 339 00:21:02,119 --> 00:21:05,640 Speaker 2: coming down the stairs. I mean she big stretched neck, 340 00:21:06,040 --> 00:21:09,640 Speaker 2: white T shirt and I think like a gray hoodie, 341 00:21:09,720 --> 00:21:13,440 Speaker 2: zip up hoodie. But you're not having a good day, 342 00:21:13,480 --> 00:21:16,320 Speaker 2: There's no question about it. But the affectation was just 343 00:21:16,400 --> 00:21:18,280 Speaker 2: too rich to avoid. The Koreana. 344 00:21:18,320 --> 00:21:20,560 Speaker 4: My publisher just sent me a box of my new book, 345 00:21:20,600 --> 00:21:24,159 Speaker 4: Look Classic Burger Joints in California. 346 00:21:25,880 --> 00:21:28,480 Speaker 2: Sure the photography and this is a yawsong. 347 00:21:30,440 --> 00:21:31,720 Speaker 1: He's an orange filter. 348 00:21:32,200 --> 00:21:38,320 Speaker 2: Yeah, that's it. That's the affectation, my attorney. Very strange, 349 00:21:38,440 --> 00:21:41,199 Speaker 2: very strange story. All right, Well, we'll see where this 350 00:21:41,320 --> 00:21:44,480 Speaker 2: leads to. And as I said that the story is 351 00:21:44,480 --> 00:21:48,520 Speaker 2: coming out a little bit at a time, suggests to 352 00:21:48,560 --> 00:21:53,000 Speaker 2: me that there is more here. It is amazing that 353 00:21:53,080 --> 00:21:57,639 Speaker 2: there is no Democrat that is clearly the front runner 354 00:21:58,400 --> 00:22:02,720 Speaker 2: for the governor of California, a state this big that's 355 00:22:02,760 --> 00:22:06,639 Speaker 2: controlled by Democrats, and it is such a plumb job 356 00:22:07,040 --> 00:22:12,800 Speaker 2: for a Democrat that has national aspirations and they have 357 00:22:12,920 --> 00:22:17,879 Speaker 2: no bench. They spent all their time engaging in Trump 358 00:22:18,000 --> 00:22:21,919 Speaker 2: arrangement syndrome that they forgot that they need somebody to 359 00:22:21,960 --> 00:22:27,840 Speaker 2: be governor. Have to Newsom's out and he hasn't really 360 00:22:27,880 --> 00:22:31,080 Speaker 2: tapped anybody. There is no He was never close to 361 00:22:31,480 --> 00:22:33,879 Speaker 2: the Lieutenant governor. I don't think I've ever seen a 362 00:22:33,880 --> 00:22:38,440 Speaker 2: photograph of them together, the lieutenant governor and former Vice 363 00:22:38,480 --> 00:22:42,320 Speaker 2: President Kamala Harris. They were friends, which was interesting because 364 00:22:42,359 --> 00:22:45,119 Speaker 2: the first person to open up a campaign account was 365 00:22:45,160 --> 00:22:49,360 Speaker 2: the lieutenant governor with the unpronounceable name. And then everybody 366 00:22:49,400 --> 00:22:52,600 Speaker 2: was waiting for Kamala Harris to make a decision, and 367 00:22:52,840 --> 00:22:57,560 Speaker 2: all of a sudden, everybody just bowed out and no 368 00:22:57,600 --> 00:23:01,159 Speaker 2: one's there. I still think I Padia is going to 369 00:23:01,200 --> 00:23:05,639 Speaker 2: come back. I really do. I think that Padilla hates 370 00:23:05,680 --> 00:23:08,679 Speaker 2: being in the Senate. If you think about it, California 371 00:23:08,720 --> 00:23:12,280 Speaker 2: Democrats are not used to being in the minority and 372 00:23:12,600 --> 00:23:15,600 Speaker 2: it's no fun being in the minority. California Democrats like 373 00:23:15,640 --> 00:23:18,480 Speaker 2: being in the majority, especially when they have a super majority. 374 00:23:18,680 --> 00:23:22,080 Speaker 2: So you go back to DC and you are completely inconsequential. 375 00:23:22,880 --> 00:23:27,159 Speaker 2: You vote know all day. He seems unhappy. There's no 376 00:23:27,359 --> 00:23:29,800 Speaker 2: math that suggests that Democrats are going to pick up 377 00:23:29,800 --> 00:23:32,480 Speaker 2: the Senate anytime soon. So he's going to be in 378 00:23:32,520 --> 00:23:36,840 Speaker 2: the minority like for a long time. When it's wide open. 379 00:23:36,880 --> 00:23:40,879 Speaker 2: He could easily come back to California, run for governor, win, 380 00:23:41,359 --> 00:23:45,520 Speaker 2: and be governor. And my prediction is, should he do that, 381 00:23:46,920 --> 00:23:51,199 Speaker 2: he will run for governor, win, vacate his Senate seat, 382 00:23:51,320 --> 00:23:54,720 Speaker 2: and in California, the governor can do two things. He 383 00:23:54,760 --> 00:23:57,399 Speaker 2: can call a special election for the remainder of his 384 00:23:57,440 --> 00:24:01,199 Speaker 2: Senate seat in forty five days, or the governor can 385 00:24:01,320 --> 00:24:06,000 Speaker 2: appoint somebody to serve out the Senate seat. My prediction 386 00:24:06,560 --> 00:24:10,199 Speaker 2: was and still is kind of that he will do that. 387 00:24:10,560 --> 00:24:15,040 Speaker 2: Padilla will be governor. He will appoint Newsom to serve 388 00:24:15,080 --> 00:24:20,600 Speaker 2: out the remainder of the Senate term. Newsom will accept, 389 00:24:21,240 --> 00:24:23,080 Speaker 2: but make it very clear that he will not run 390 00:24:23,080 --> 00:24:27,000 Speaker 2: for reelection. He's only there to fulfill the goals and 391 00:24:28,760 --> 00:24:33,760 Speaker 2: work that is good friend, Senator Alex Badilla started, and 392 00:24:33,800 --> 00:24:38,280 Speaker 2: that will give Newsom a two year separation from California 393 00:24:38,320 --> 00:24:41,199 Speaker 2: and a national profile, which is what he needs. He 394 00:24:41,240 --> 00:24:43,879 Speaker 2: needs to get out of California if he wants to 395 00:24:43,920 --> 00:24:48,280 Speaker 2: have any juice on the national stage, he can't. He 396 00:24:48,320 --> 00:24:53,639 Speaker 2: has to be disassociated with California. Otherwise his opponents will 397 00:24:54,000 --> 00:24:56,480 Speaker 2: We'll just get some b roll of downtown San Francisco 398 00:24:56,800 --> 00:24:59,200 Speaker 2: or downtown Los Angeles, and when you go into the 399 00:24:59,280 --> 00:25:01,480 Speaker 2: Iowa caucus is they'll put it on TV and they'll say, 400 00:25:01,480 --> 00:25:04,280 Speaker 2: do you want America to look like this? So he 401 00:25:04,359 --> 00:25:07,439 Speaker 2: needs separation. That will give him two years, and in 402 00:25:07,520 --> 00:25:11,560 Speaker 2: politics that's a lifetime, so two year separation and then 403 00:25:11,920 --> 00:25:16,640 Speaker 2: he will be a national player. So that that works 404 00:25:17,240 --> 00:25:20,719 Speaker 2: for the both of them. But at this point Bedilla 405 00:25:20,760 --> 00:25:23,679 Speaker 2: says he's staying in the Senate and Newson will have 406 00:25:23,720 --> 00:25:26,639 Speaker 2: nowhere to go and there is nobody in line to 407 00:25:26,680 --> 00:25:31,320 Speaker 2: be governor of California. Amazing. Louke Penrose on KFI AM 408 00:25:31,359 --> 00:25:33,960 Speaker 2: six forty Live everywhere on the iHeartRadio app. 409 00:25:34,880 --> 00:25:38,320 Speaker 1: You're listening to KFI AM six forty on demand. 410 00:25:42,880 --> 00:25:48,800 Speaker 5: If a Democrat and threaten to kill a fellow politician, 411 00:25:48,920 --> 00:25:52,320 Speaker 5: and his entire family and still get elected. I think 412 00:25:52,359 --> 00:25:57,160 Speaker 5: this thing by Besserah is a lot less serious, and 413 00:25:57,720 --> 00:25:59,679 Speaker 5: he's got a D by his name, so he can 414 00:25:59,720 --> 00:26:01,399 Speaker 5: get it with anything he wants. 415 00:26:01,680 --> 00:26:05,560 Speaker 2: I appreciate the call, it doesn't help. It's not a 416 00:26:05,560 --> 00:26:08,720 Speaker 2: good headline for either Bissara or Newsome. You know, a 417 00:26:08,800 --> 00:26:11,560 Speaker 2: tough cookie or bully. Things that she has in common 418 00:26:11,560 --> 00:26:17,159 Speaker 2: with Katie Porter bully, condescending, degrading, and oh not so 419 00:26:17,359 --> 00:26:19,560 Speaker 2: hot by the way, Oh you're not supposed to say 420 00:26:19,560 --> 00:26:23,160 Speaker 2: those kinds of things. Look, that's the core constituency of 421 00:26:23,200 --> 00:26:31,600 Speaker 2: the California Democrat Party right now, like bossy, mean people bitter, 422 00:26:32,920 --> 00:26:38,520 Speaker 2: so in many respects, Katie Porter is a perfect representative 423 00:26:39,000 --> 00:26:44,520 Speaker 2: of the core of the California Democratic Party. But she's gone, 424 00:26:44,640 --> 00:26:48,360 Speaker 2: that's over. There's no recovering from that. Nobody needs that, 425 00:26:48,840 --> 00:26:54,719 Speaker 2: and that's just it's unbecoming like Besarah's. The problem now 426 00:26:54,760 --> 00:26:57,840 Speaker 2: for Bessara is answering the question how could you not 427 00:26:58,040 --> 00:27:02,639 Speaker 2: know that a campaign account? First off, what does a 428 00:27:02,640 --> 00:27:06,919 Speaker 2: dormant campaign account mean to the average person? Does the 429 00:27:06,920 --> 00:27:10,800 Speaker 2: average person working out there have dormant checking accounts or 430 00:27:10,840 --> 00:27:16,520 Speaker 2: dormant savings accounts? So it's a it's just frankly unbelievable 431 00:27:16,560 --> 00:27:18,359 Speaker 2: that you have a quarter of a million dollars in 432 00:27:18,440 --> 00:27:21,840 Speaker 2: donor funds sitting around and you were unaware that it 433 00:27:21,880 --> 00:27:24,600 Speaker 2: was being siphoned off by somebody who isn't even on 434 00:27:24,640 --> 00:27:28,800 Speaker 2: your staff, somebody that works for the governor. So he's 435 00:27:28,840 --> 00:27:30,960 Speaker 2: gonna have a hard time explaining that. No word yet 436 00:27:31,000 --> 00:27:36,520 Speaker 2: from Besarah, but I think this is it. I mean this, 437 00:27:36,680 --> 00:27:39,120 Speaker 2: it's very hard to recover from this. I think they're both. 438 00:27:39,280 --> 00:27:44,080 Speaker 2: I think Katie Porter's done, Besara's done, and somebody's gonna 439 00:27:44,080 --> 00:27:47,520 Speaker 2: have to jump in, but it remains to be seen. 440 00:27:47,600 --> 00:27:50,000 Speaker 2: I appreciate the call, all right. Coming up following the 441 00:27:50,040 --> 00:27:56,159 Speaker 2: news at eight, the government shutdown was ended and the 442 00:27:56,760 --> 00:28:01,760 Speaker 2: continuing Resolution was signed and everybody will get their retroactive 443 00:28:01,840 --> 00:28:08,600 Speaker 2: pay on Saturday. And I understand some TSA agents that 444 00:28:08,920 --> 00:28:12,160 Speaker 2: did not call out sick got a ten thousand dollars 445 00:28:12,160 --> 00:28:16,879 Speaker 2: bonus check today, So everybody's made whole. Some people got 446 00:28:17,000 --> 00:28:21,520 Speaker 2: bonus checks. Everything's fine, it'll all be fine, and everything's 447 00:28:21,560 --> 00:28:23,919 Speaker 2: back in order. But another thing took place at the 448 00:28:23,920 --> 00:28:27,080 Speaker 2: federal government that is really astounding to me, and that 449 00:28:27,200 --> 00:28:32,399 Speaker 2: is the last penny was stamped. They stamped the last 450 00:28:32,440 --> 00:28:36,919 Speaker 2: penny was officially minted, and now the mint is no 451 00:28:37,000 --> 00:28:41,160 Speaker 2: longer minting any more pennies. And it's incredible because this 452 00:28:41,720 --> 00:28:46,960 Speaker 2: just typifies why government is stupid. It took all this time. 453 00:28:47,440 --> 00:28:51,000 Speaker 2: The US government, you and I the taxpayer, have been 454 00:28:51,040 --> 00:28:56,120 Speaker 2: losing not millions, tens of millions of dollars for years 455 00:28:56,880 --> 00:29:01,960 Speaker 2: making a coin that costs for times to make. Then 456 00:29:02,000 --> 00:29:08,000 Speaker 2: it's worth the penny represents one cent, and it costs 457 00:29:08,640 --> 00:29:13,840 Speaker 2: almost four cents to produce. And for years people have 458 00:29:13,920 --> 00:29:15,880 Speaker 2: been saying, you know, we should probably stop doing this. 459 00:29:16,600 --> 00:29:19,320 Speaker 2: You know, we're running a deficit, there's a national debt. 460 00:29:19,680 --> 00:29:23,080 Speaker 2: Let's you know, cut where we can and for you. 461 00:29:23,280 --> 00:29:26,080 Speaker 2: I remember there was something in the nineties called the 462 00:29:26,160 --> 00:29:30,240 Speaker 2: Coin Coalition in Washington, and then they wanted to stop 463 00:29:30,240 --> 00:29:32,600 Speaker 2: at the penny. They wanted to stop at the penny 464 00:29:32,680 --> 00:29:35,880 Speaker 2: and mint a dollar coin. It was always a hard time. 465 00:29:35,920 --> 00:29:38,600 Speaker 2: The biggest problem with the dollar coin was not the 466 00:29:38,640 --> 00:29:41,240 Speaker 2: dollar coin. The dollar coin made cent like it made. 467 00:29:41,720 --> 00:29:47,480 Speaker 2: It was logical right paper money and coins of meat 468 00:29:47,560 --> 00:29:51,120 Speaker 2: right at the dollar, so it did make. It made 469 00:29:51,160 --> 00:29:54,600 Speaker 2: a lot of sense. No pun intended. The biggest problem 470 00:29:54,640 --> 00:29:57,640 Speaker 2: with the dollar coin was nobody could decide on whose 471 00:29:57,680 --> 00:30:00,400 Speaker 2: face goes on the front. There was this huge woke 472 00:30:00,560 --> 00:30:04,600 Speaker 2: fight for years, do we get Saka Juea? Is it 473 00:30:04,720 --> 00:30:08,880 Speaker 2: Susan b Anthony? We got to get a woman. They 474 00:30:08,920 --> 00:30:12,880 Speaker 2: fought for years on who's face goes on the dollar coin? 475 00:30:13,440 --> 00:30:15,560 Speaker 2: And for years they never had the dollar coin, and 476 00:30:15,640 --> 00:30:18,360 Speaker 2: so they never phased out the penny when they knew 477 00:30:18,360 --> 00:30:20,880 Speaker 2: they were gonna start losing money very very quickly. So 478 00:30:21,600 --> 00:30:26,560 Speaker 2: eighty five million dollars was lost in twenty twenty four 479 00:30:26,680 --> 00:30:32,480 Speaker 2: alone making pennies because nobody could stop it from happening. 480 00:30:32,760 --> 00:30:37,040 Speaker 2: It eluded the Clinton administration, it eluded eight years of 481 00:30:37,120 --> 00:30:40,720 Speaker 2: George W. Bush, eight years of Obama. Nobody could get 482 00:30:40,720 --> 00:30:44,200 Speaker 2: that penny like out of production even though we were 483 00:30:44,240 --> 00:30:50,400 Speaker 2: losing money. It eluded the first Trump administration and the 484 00:30:50,440 --> 00:30:54,840 Speaker 2: Biden administration, and finally yesterday they stopped making the penny. 485 00:30:54,920 --> 00:30:58,000 Speaker 2: Now everybody's concerned about how are we going to round 486 00:30:58,080 --> 00:31:00,600 Speaker 2: up and how are we gonna round down? Discussing this 487 00:31:00,640 --> 00:31:04,720 Speaker 2: thing for almost thirty five years, but now everybody's worried 488 00:31:04,760 --> 00:31:10,120 Speaker 2: about rounding up or rounding down. And I guess Walmart 489 00:31:10,160 --> 00:31:15,480 Speaker 2: and McDonald's have asked the Justice Department for some kind 490 00:31:15,520 --> 00:31:18,520 Speaker 2: of directions so that they don't get involved in a 491 00:31:18,560 --> 00:31:22,360 Speaker 2: class action lawsuit. They're concerned that they're not going to 492 00:31:22,400 --> 00:31:26,600 Speaker 2: be able to issue change, and so in lieu of 493 00:31:27,200 --> 00:31:31,160 Speaker 2: exact change though around one way or another, and depending 494 00:31:31,200 --> 00:31:34,520 Speaker 2: on where you are, you'll either save money or lose 495 00:31:34,560 --> 00:31:38,120 Speaker 2: money a couple of pennies at a time by the rounding. 496 00:31:38,360 --> 00:31:41,280 Speaker 2: Now you should come out even and Walmart should come 497 00:31:41,280 --> 00:31:45,560 Speaker 2: out even over time, but there is going to be 498 00:31:45,600 --> 00:31:48,360 Speaker 2: some class action lawsuit filed. You better believe it. You 499 00:31:48,520 --> 00:31:51,920 Speaker 2: know that somebody's going to sue Starbucks on behalf of 500 00:31:51,960 --> 00:31:54,800 Speaker 2: the entire state of California because people went in and 501 00:31:54,800 --> 00:31:59,240 Speaker 2: to go by and didn't get exact change. And it's 502 00:31:59,280 --> 00:32:03,080 Speaker 2: the penny's ball. So we will explore this because there's 503 00:32:03,120 --> 00:32:06,080 Speaker 2: other aspects of this besides the whole rounding thing. It 504 00:32:06,240 --> 00:32:10,160 Speaker 2: changes the whole ninety nine, Like every single thing on 505 00:32:10,360 --> 00:32:13,880 Speaker 2: the menu at McDonald's ends in ninety nine or eighty 506 00:32:13,960 --> 00:32:18,280 Speaker 2: nine or seventy nine. So will they drop all their 507 00:32:18,320 --> 00:32:22,600 Speaker 2: prices to four to ninety five or will they just 508 00:32:22,840 --> 00:32:25,720 Speaker 2: end with the whole charade of ninety nine and make 509 00:32:25,760 --> 00:32:29,080 Speaker 2: it a clear five dollars and how does that change 510 00:32:29,080 --> 00:32:32,880 Speaker 2: the marketing? So interesting stuff. We'll talk about the end 511 00:32:32,960 --> 00:32:36,720 Speaker 2: of the penny next. Lou Penrose on KFI AM six 512 00:32:36,840 --> 00:32:38,920 Speaker 2: forty live everywhere, on the iHeartRadio app 513 00:32:39,480 --> 00:32:42,040 Speaker 1: KFI AM six forty on demand