1 00:00:00,080 --> 00:00:03,320 Speaker 1: Welcome to today's edition of the Clay, Travis and Buck 2 00:00:03,360 --> 00:00:07,160 Speaker 1: Sexton Show podcast. The third Hour Clay and Buck starts 3 00:00:07,240 --> 00:00:11,160 Speaker 1: right now, everybody. This is Buck Rockett solo today. Clay 4 00:00:11,160 --> 00:00:16,079 Speaker 1: on vacation back next week. But he is having a 5 00:00:16,600 --> 00:00:19,639 Speaker 1: in his own words, a phenomenal time and he loves 6 00:00:19,640 --> 00:00:24,400 Speaker 1: it over there. Italy's great, great food, great people, beautiful country. 7 00:00:24,600 --> 00:00:28,960 Speaker 1: So much to recommend it. So this country's got a 8 00:00:28,960 --> 00:00:32,800 Speaker 1: lot of things that recommend it too. Unfortunately, the current administration, 9 00:00:32,840 --> 00:00:37,320 Speaker 1: I don't think is on that list people that are 10 00:00:37,479 --> 00:00:42,960 Speaker 1: impressing anybody else anywhere else in the world. We have 11 00:00:43,240 --> 00:00:46,839 Speaker 1: Joe Biden, as you know, trying to prevent bank failure 12 00:00:47,080 --> 00:00:54,680 Speaker 1: from breaking out. Right now here is the former FDIC 13 00:00:55,040 --> 00:00:59,440 Speaker 1: chairman who is out there warning everybody, look, this is 14 00:01:00,040 --> 00:01:01,840 Speaker 1: this is going to get worse. This is this is 15 00:01:01,840 --> 00:01:04,560 Speaker 1: going to get bad with this bank failure stuff. Clip ten. 16 00:01:07,440 --> 00:01:09,440 Speaker 1: I do think there are probably going to be more 17 00:01:09,480 --> 00:01:12,720 Speaker 1: failures along the way. The problem we have is the 18 00:01:12,760 --> 00:01:15,840 Speaker 1: same one when we had back in the nineteen seventies, 19 00:01:16,000 --> 00:01:19,000 Speaker 1: when the government was out of control with its fiscal policies. 20 00:01:19,040 --> 00:01:23,600 Speaker 1: It's monetary policies, inflation set in and banks We're just 21 00:01:23,880 --> 00:01:26,319 Speaker 1: not ready for that or prepared for that, and we 22 00:01:26,440 --> 00:01:29,720 Speaker 1: wound up losing some five thousand banks and thrifts during 23 00:01:29,800 --> 00:01:32,560 Speaker 1: that period. We won't lose anywhere near that number this 24 00:01:32,640 --> 00:01:35,039 Speaker 1: time because we don't have that many, But we lost 25 00:01:35,080 --> 00:01:37,680 Speaker 1: so many. We only have about forty five hundred banks today. 26 00:01:37,800 --> 00:01:39,840 Speaker 1: And it's also not just the US problem as you 27 00:01:40,000 --> 00:01:43,480 Speaker 1: as you see today with credit suites. I mean this 28 00:01:43,600 --> 00:01:47,000 Speaker 1: is worldwide. Is global ever everybody's been out of control 29 00:01:47,000 --> 00:01:53,480 Speaker 1: of lately. Again, I say this with full respect for 30 00:01:53,520 --> 00:01:56,280 Speaker 1: the fact that I'm not an economist. I don't work 31 00:01:56,280 --> 00:01:59,880 Speaker 1: in finance. I don't work in banking, um, but I 32 00:02:00,040 --> 00:02:02,680 Speaker 1: you know a lot of people who do, including members 33 00:02:02,720 --> 00:02:07,440 Speaker 1: of my own family, and I can see how things 34 00:02:07,440 --> 00:02:10,200 Speaker 1: are going and how a narrative is being constructed one 35 00:02:10,200 --> 00:02:12,919 Speaker 1: way or the other. If you were trying to come 36 00:02:13,000 --> 00:02:16,760 Speaker 1: up with how do and I've asked this question before, 37 00:02:16,919 --> 00:02:20,240 Speaker 1: what is there to look for that would happen that 38 00:02:20,240 --> 00:02:26,080 Speaker 1: would send us into a really brutal, grinding economic recession. 39 00:02:28,560 --> 00:02:34,720 Speaker 1: A massive global banking crisis would be high on the list, right. 40 00:02:35,960 --> 00:02:38,320 Speaker 1: There are some other things that could pop up. You know, 41 00:02:38,320 --> 00:02:41,239 Speaker 1: you have a massive oil shock. Let's say your energy 42 00:02:41,280 --> 00:02:44,680 Speaker 1: prices skyrocketing because you know, this was a big discussion 43 00:02:44,919 --> 00:02:49,400 Speaker 1: years ago, the Straits of Horror moves, for example, and 44 00:02:49,800 --> 00:02:51,960 Speaker 1: you know, twenty to thirty percent of the world's energy 45 00:02:52,000 --> 00:02:55,560 Speaker 1: going through this in Iran, could use that as an 46 00:02:55,639 --> 00:02:58,560 Speaker 1: energy choke point, you know, stuff like that. Sure, that 47 00:02:58,560 --> 00:03:04,680 Speaker 1: could all create major economic decline, But if you're looking 48 00:03:04,760 --> 00:03:10,080 Speaker 1: for something that's realistic and and foreseeable at some level, 49 00:03:10,840 --> 00:03:15,639 Speaker 1: a massive problem for the banks would have to be 50 00:03:16,440 --> 00:03:18,480 Speaker 1: one of the top things that you would say, Okay, well, 51 00:03:18,480 --> 00:03:21,320 Speaker 1: now we've got a real issue, because they are really 52 00:03:21,360 --> 00:03:25,720 Speaker 1: the foundation of our global financial system. Right bank stop 53 00:03:25,800 --> 00:03:30,639 Speaker 1: lending businesses stop functioning. Businesses stop functioning, functioning producers stop 54 00:03:31,080 --> 00:03:33,240 Speaker 1: being able to make you know, make the money for 55 00:03:33,280 --> 00:03:36,200 Speaker 1: their products. You know, everything from agricultural to finish goods 56 00:03:36,200 --> 00:03:39,800 Speaker 1: to manufactured goods, I mean everything. Commodities pricenses are affected. 57 00:03:40,560 --> 00:03:43,640 Speaker 1: So you see, there's the cascading effect. And now you 58 00:03:43,640 --> 00:03:48,800 Speaker 1: have to ask yourself, what is more likely that banks 59 00:03:48,800 --> 00:03:52,760 Speaker 1: are now trying to do everything they can to keep 60 00:03:52,840 --> 00:03:56,120 Speaker 1: the you know, keep it close hold, that they maybe 61 00:03:56,120 --> 00:04:00,520 Speaker 1: got over extended on the wrong side of these interests hikes, 62 00:04:00,840 --> 00:04:04,920 Speaker 1: or or that we've all, we've seen everything so far. 63 00:04:05,960 --> 00:04:09,280 Speaker 1: We've seen all okay, Silicon Valley Bank and it was 64 00:04:09,320 --> 00:04:11,520 Speaker 1: woke and doing some really risky stuff and all that. 65 00:04:11,600 --> 00:04:15,280 Speaker 1: But that's as bad as it's going to get. You think, 66 00:04:15,320 --> 00:04:18,560 Speaker 1: so well, here, here's where I have to also put 67 00:04:18,600 --> 00:04:20,760 Speaker 1: this out there. Are we going to have another interest 68 00:04:20,839 --> 00:04:25,440 Speaker 1: rate hike? Right? So we know that inflation is just 69 00:04:25,960 --> 00:04:29,599 Speaker 1: chipping away every day at the money in your bank 70 00:04:29,600 --> 00:04:32,320 Speaker 1: account and making everything you buy more expensive. That is 71 00:04:32,320 --> 00:04:35,400 Speaker 1: our reality. It is a massive tax on everybody, but 72 00:04:35,440 --> 00:04:39,160 Speaker 1: a tax that is the most regressive possible in so 73 00:04:39,200 --> 00:04:43,600 Speaker 1: many ways because it is raising the prices of the 74 00:04:43,640 --> 00:04:47,240 Speaker 1: goods and services that you need to live. Right, It's 75 00:04:47,240 --> 00:04:49,840 Speaker 1: not it's not like, oh gosh, you know the price 76 00:04:49,839 --> 00:04:51,720 Speaker 1: of a maserati is going up? What am I going 77 00:04:51,760 --> 00:04:54,400 Speaker 1: to do? Right? This is? This is milk, butter, eggs, 78 00:04:54,440 --> 00:05:01,320 Speaker 1: rent gas, And so these economic realities we face are 79 00:05:01,360 --> 00:05:04,960 Speaker 1: as follows. They can either raise the interest rate, which 80 00:05:05,000 --> 00:05:07,320 Speaker 1: will almost certainly. I mean, now, think about the problem 81 00:05:07,360 --> 00:05:10,159 Speaker 1: we've seen with the bags up to this point. They've 82 00:05:10,200 --> 00:05:13,800 Speaker 1: bought all these long term treasuries and I know this, 83 00:05:13,800 --> 00:05:16,039 Speaker 1: this gets and I find this fascining. I love learning 84 00:05:16,040 --> 00:05:17,920 Speaker 1: about stuff. One of the reasons I love this job 85 00:05:18,000 --> 00:05:22,480 Speaker 1: so much is that I have a mean, an excuse 86 00:05:22,520 --> 00:05:25,680 Speaker 1: to the sense, but I have a justification for all 87 00:05:25,760 --> 00:05:28,560 Speaker 1: the books I've got dog geared and throw all over 88 00:05:28,640 --> 00:05:32,520 Speaker 1: my bedroom and in my study and in my radio studio, 89 00:05:33,000 --> 00:05:35,240 Speaker 1: to learn as much new stuff, to bring as much 90 00:05:35,279 --> 00:05:37,919 Speaker 1: good information to you as possible, and learning more and 91 00:05:37,960 --> 00:05:42,880 Speaker 1: more about this banking crisis is fascinating, and it's also 92 00:05:43,080 --> 00:05:45,239 Speaker 1: I think, really instructed for a lot of us about 93 00:05:45,800 --> 00:05:50,360 Speaker 1: the weak seems in our financial system, and people the 94 00:05:50,800 --> 00:05:53,120 Speaker 1: Ron Paul lights out there are all saying I told 95 00:05:53,160 --> 00:05:57,360 Speaker 1: you so. They're all saying it, and they're right. And 96 00:05:57,560 --> 00:05:59,640 Speaker 1: in the end, the Fed people are all saying it 97 00:06:00,480 --> 00:06:03,520 Speaker 1: and they're looking more and more right. But if you 98 00:06:03,600 --> 00:06:08,719 Speaker 1: buy ten year treasury bonds and then you have a 99 00:06:08,760 --> 00:06:12,680 Speaker 1: liquidity issue in the meantime and the rates go up 100 00:06:12,720 --> 00:06:15,240 Speaker 1: against the bonds that you've bought in the bank, and 101 00:06:15,360 --> 00:06:18,159 Speaker 1: you have to sell them before you intended to or 102 00:06:18,200 --> 00:06:21,320 Speaker 1: wanted to sell at a loss, essentially right, because the 103 00:06:21,360 --> 00:06:23,680 Speaker 1: ten year treasury bond is a liquid instrument that you 104 00:06:23,720 --> 00:06:27,640 Speaker 1: can sell at any point before it reaches maturity. But 105 00:06:27,680 --> 00:06:31,000 Speaker 1: if you need the cash now, you're selling. Oh, it's 106 00:06:31,000 --> 00:06:32,719 Speaker 1: almost like selling a stock at a loss. If you 107 00:06:32,720 --> 00:06:35,400 Speaker 1: have a stock that was guaranteed to be one hundred 108 00:06:35,400 --> 00:06:38,800 Speaker 1: dollars in ten years, but you need cash now and 109 00:06:38,920 --> 00:06:42,880 Speaker 1: right now it's trading at seventy dollars. You're you're out there. 110 00:06:42,880 --> 00:06:44,960 Speaker 1: You know, if you if you paid one hundred four 111 00:06:45,080 --> 00:06:47,000 Speaker 1: US how a bond works. But you know, if you're 112 00:06:47,040 --> 00:06:49,640 Speaker 1: if you paid more than you're selling before, you're taking 113 00:06:49,640 --> 00:06:51,920 Speaker 1: a loss. That's the problem these banks space. If they 114 00:06:52,000 --> 00:06:56,200 Speaker 1: raise interest rates, it could do this again. You could 115 00:06:56,279 --> 00:07:00,359 Speaker 1: have another round of this, and now how do the 116 00:07:00,400 --> 00:07:03,479 Speaker 1: banks handle this? Right? What are they gonna because nobody 117 00:07:03,480 --> 00:07:05,960 Speaker 1: wants to be the bank that's like, hey guys, if 118 00:07:05,960 --> 00:07:09,640 Speaker 1: you raise interest rates, we're gonna go under two. But 119 00:07:10,360 --> 00:07:13,080 Speaker 1: by the same token, what do you do about inflation? 120 00:07:14,200 --> 00:07:19,080 Speaker 1: This is because they have created these distortions. Policy and 121 00:07:19,240 --> 00:07:24,000 Speaker 1: politics have been driving monetary decision making, and finally the 122 00:07:24,000 --> 00:07:26,120 Speaker 1: bill has come due and we don't have any good 123 00:07:26,120 --> 00:07:30,000 Speaker 1: options right now. They're we're just sort of hoping. We're 124 00:07:30,040 --> 00:07:34,280 Speaker 1: just hoping it's not gonna be that bad. It's like 125 00:07:34,320 --> 00:07:37,280 Speaker 1: we're waiting for the storm to hate. You know. The 126 00:07:37,320 --> 00:07:40,080 Speaker 1: tracker is showing a nasty storm on the way. They 127 00:07:40,320 --> 00:07:43,240 Speaker 1: a weather tracker, and we're just like, well, maybe it 128 00:07:43,280 --> 00:07:48,040 Speaker 1: won't be that bad. Good luck with that one. And 129 00:07:48,080 --> 00:07:50,800 Speaker 1: then you've of course got the leadership right now of 130 00:07:52,000 --> 00:07:59,400 Speaker 1: the Biden administration. Kamala Harris by the way here saying 131 00:08:00,040 --> 00:08:02,239 Speaker 1: on just the very straightforward issue of is Joe Biden 132 00:08:03,200 --> 00:08:07,520 Speaker 1: going to be running for president again? Still this kind 133 00:08:07,560 --> 00:08:12,920 Speaker 1: of non committed, noncommittal, you know, kind of sort of 134 00:08:12,960 --> 00:08:16,160 Speaker 1: maybe he plays six as R. Joe Biden has said 135 00:08:16,480 --> 00:08:19,240 Speaker 1: he intends to run, and if he does, I will 136 00:08:19,280 --> 00:08:24,640 Speaker 1: be running with him. If he does, it's March of 137 00:08:24,640 --> 00:08:28,960 Speaker 1: twenty twenty three, right, I'd be worth in a year. 138 00:08:29,000 --> 00:08:31,320 Speaker 1: It's super Tuesday, my friends, right, Like, what are we 139 00:08:31,320 --> 00:08:34,439 Speaker 1: even talking about here? If he runs, this is his 140 00:08:34,600 --> 00:08:40,200 Speaker 1: vice president. Now. I still think he is going to run, 141 00:08:41,040 --> 00:08:44,960 Speaker 1: But I do think it's interesting that the Democrats are 142 00:08:45,000 --> 00:08:48,120 Speaker 1: hoping to keep this. They want to keep the focus 143 00:08:48,160 --> 00:08:50,240 Speaker 1: off Biden right now as much as possible and make 144 00:08:50,280 --> 00:08:53,920 Speaker 1: it seem like his appointees and the experts in the 145 00:08:53,960 --> 00:08:57,720 Speaker 1: banking system are the ones who have this issue fully 146 00:08:57,760 --> 00:09:01,599 Speaker 1: in hand. But they really don't, and they're going to 147 00:09:01,679 --> 00:09:03,880 Speaker 1: have to make a choice, and I'm not even sure 148 00:09:04,080 --> 00:09:07,439 Speaker 1: how they think this is going to go. They're either 149 00:09:07,520 --> 00:09:12,120 Speaker 1: going to raise interest rates. As I said, you know, 150 00:09:12,160 --> 00:09:16,920 Speaker 1: they're gonna hike interest rates, and that means you're gonna 151 00:09:16,960 --> 00:09:20,760 Speaker 1: almost certainly push the US into a recession and you're 152 00:09:20,760 --> 00:09:23,320 Speaker 1: gonna have banks that are going to fail and you're 153 00:09:23,320 --> 00:09:26,480 Speaker 1: gonna have more problems. Or you're just gonna let inflation 154 00:09:26,640 --> 00:09:28,120 Speaker 1: continue to go up and up it up, and the 155 00:09:28,120 --> 00:09:31,080 Speaker 1: problem inflation is longer it goes on, the harder it 156 00:09:31,160 --> 00:09:35,400 Speaker 1: is to bring it down. So you only got six 157 00:09:35,920 --> 00:09:40,160 Speaker 1: what is this now? Five? I'm sorry, five days before 158 00:09:40,400 --> 00:09:43,319 Speaker 1: Federal Reserve policymakers are going to sit down in Washington 159 00:09:44,320 --> 00:09:50,760 Speaker 1: and decide what interest rates are going to be, and 160 00:09:51,760 --> 00:09:53,760 Speaker 1: they have no This is where you got to keep 161 00:09:53,760 --> 00:09:57,679 Speaker 1: in mind, they have no good options. They are choosing 162 00:09:57,720 --> 00:10:04,240 Speaker 1: between bad decision in terms of the risks. So it 163 00:10:04,320 --> 00:10:06,360 Speaker 1: was just a week ago Powell was saying the Central 164 00:10:06,400 --> 00:10:12,920 Speaker 1: Bank might accelerate its interest rate hikes because of inflation. 165 00:10:13,040 --> 00:10:15,040 Speaker 1: But now we've got the bank crisis, So now what 166 00:10:15,080 --> 00:10:17,840 Speaker 1: are they gonna do? So maybe they do a little 167 00:10:17,880 --> 00:10:20,280 Speaker 1: bit of a small a small hike, but this effects 168 00:10:20,320 --> 00:10:24,400 Speaker 1: like I say this affects all of us, all of 169 00:10:24,440 --> 00:10:26,480 Speaker 1: the people listening this right now, all of us across 170 00:10:26,520 --> 00:10:31,120 Speaker 1: the country. And they keep acting like, if we just 171 00:10:31,240 --> 00:10:34,760 Speaker 1: calibrate this properly, if we just hit that special, that 172 00:10:34,920 --> 00:10:39,400 Speaker 1: that sweet spot of just raising enough, they're you know, 173 00:10:39,960 --> 00:10:42,680 Speaker 1: they're throwing number, they're throwing darts at a board here, 174 00:10:42,679 --> 00:10:45,720 Speaker 1: at someone that they don't really know. And we know 175 00:10:45,800 --> 00:10:48,400 Speaker 1: that they can't know what's on the balance sheets of 176 00:10:48,440 --> 00:10:53,160 Speaker 1: all these banks. So maybe Silicon Valley was well. Obviously 177 00:10:53,160 --> 00:10:54,760 Speaker 1: there have been other banks too, but maybe it was 178 00:10:54,800 --> 00:10:56,880 Speaker 1: the worst defender. But there are gonna be other banks 179 00:10:56,880 --> 00:10:58,840 Speaker 1: that might come under a whole lot of pressure here too. 180 00:11:00,080 --> 00:11:03,600 Speaker 1: That could be a major problem. And I think that 181 00:11:05,160 --> 00:11:08,760 Speaker 1: what you're going to see is a recession on the 182 00:11:08,800 --> 00:11:11,800 Speaker 1: horizon here. People have been saying we're already in recession, 183 00:11:11,840 --> 00:11:15,439 Speaker 1: but really what they've done is stretch out the pain 184 00:11:16,000 --> 00:11:19,320 Speaker 1: so much that we are all the proverbial frog in 185 00:11:19,360 --> 00:11:22,080 Speaker 1: the pot of boiling water right inflatians, going up and 186 00:11:22,160 --> 00:11:23,679 Speaker 1: up and up and up and up, and then try 187 00:11:23,679 --> 00:11:25,000 Speaker 1: to bring it down a little bit. And they just 188 00:11:25,280 --> 00:11:28,480 Speaker 1: they don't want people to realize, oh my gosh, that hole. 189 00:11:28,640 --> 00:11:31,840 Speaker 1: Send everybody home and spend trillions of dollars thing that 190 00:11:31,880 --> 00:11:34,640 Speaker 1: we did. And then on top of that, now I 191 00:11:34,720 --> 00:11:37,120 Speaker 1: will say, there's a pretty strong argument to be made, 192 00:11:37,120 --> 00:11:41,640 Speaker 1: and I'm hearing some economists making it that we were 193 00:11:41,720 --> 00:11:46,200 Speaker 1: able to handle that pretty well under the circumstances. And 194 00:11:46,240 --> 00:11:49,840 Speaker 1: then Biden comes into office and just decides, oh, man, 195 00:11:50,520 --> 00:11:52,960 Speaker 1: you mean the house hasn't burned down, Let's throw some 196 00:11:53,040 --> 00:11:56,280 Speaker 1: gasoline on it. Let's let's go after this with the 197 00:11:56,320 --> 00:11:59,319 Speaker 1: one point nine trillion. And then the additional spending beyond that, 198 00:11:59,400 --> 00:12:04,319 Speaker 1: I mean that they did was essentially modern monetary. It was. 199 00:12:04,360 --> 00:12:08,240 Speaker 1: It was a Bernie Sanders budgetary moves that Biden was pulling, 200 00:12:09,280 --> 00:12:13,320 Speaker 1: and the Democrats were spending and they wanted to do 201 00:12:13,400 --> 00:12:17,000 Speaker 1: even more. So this is why we're heading into a 202 00:12:18,040 --> 00:12:21,520 Speaker 1: precarious phase. And I would just say the one thing 203 00:12:21,640 --> 00:12:24,160 Speaker 1: that Democrats happen on their back to their minds is 204 00:12:24,240 --> 00:12:27,800 Speaker 1: that a plunging us into a recession in the election 205 00:12:27,880 --> 00:12:31,440 Speaker 1: year is gonna make it no matter how much they lie, 206 00:12:31,520 --> 00:12:34,079 Speaker 1: cheat and steel at the ballot box, plunging us into 207 00:12:34,120 --> 00:12:36,040 Speaker 1: a recession is going to make it really hard for 208 00:12:36,080 --> 00:12:40,520 Speaker 1: any Democrat to win. So they're they're stuck. They're stuck 209 00:12:40,559 --> 00:12:42,320 Speaker 1: between a rock and a hard place right now. They 210 00:12:42,679 --> 00:12:45,720 Speaker 1: have no good options and they're trying to just sort 211 00:12:45,760 --> 00:12:49,000 Speaker 1: of shield Biden from the blowback of I think what 212 00:12:49,080 --> 00:12:53,280 Speaker 1: we can all see coming, Because if this isn't, if 213 00:12:53,320 --> 00:12:58,960 Speaker 1: this is not the moment before the plunge, what is? 214 00:13:00,200 --> 00:13:02,080 Speaker 1: What is? I mean? I really I asked that at 215 00:13:02,080 --> 00:13:05,320 Speaker 1: all earnestness, Like, if we're not about to hit the 216 00:13:05,440 --> 00:13:08,560 Speaker 1: rough times now, given all the factors involved, I guess 217 00:13:08,600 --> 00:13:10,480 Speaker 1: we're just never going to go into a recession? Is 218 00:13:10,480 --> 00:13:14,240 Speaker 1: that really what we're supposed to believe? Look, you got 219 00:13:14,320 --> 00:13:17,199 Speaker 1: to give cyber thieves credit for originality. They invent one 220 00:13:17,240 --> 00:13:20,040 Speaker 1: scam after another in their attempt to get your online information. 221 00:13:20,400 --> 00:13:22,240 Speaker 1: The latest wave on their part is you pretend to 222 00:13:22,240 --> 00:13:25,400 Speaker 1: be IRS agents texting you or sending you emails looking 223 00:13:25,400 --> 00:13:27,600 Speaker 1: to confirm your bank account or your social Security info. 224 00:13:27,640 --> 00:13:29,440 Speaker 1: By the way, I've gotten text like this. Okay, so 225 00:13:29,480 --> 00:13:31,720 Speaker 1: this is happening all the time. If you know anything 226 00:13:31,760 --> 00:13:34,040 Speaker 1: about the IRS. By the way, they don't text, they 227 00:13:34,120 --> 00:13:38,080 Speaker 1: don't email, they don't call, they write letters delivered by 228 00:13:38,360 --> 00:13:41,320 Speaker 1: the post office. It's important to remember that. But cyber 229 00:13:41,360 --> 00:13:44,199 Speaker 1: thieves know that if they get the info that they 230 00:13:44,240 --> 00:13:46,000 Speaker 1: need to reach out to you directly, and then they 231 00:13:46,000 --> 00:13:48,440 Speaker 1: can steal more info from you by pretending to be 232 00:13:48,480 --> 00:13:51,840 Speaker 1: the irs with text message anything else. Oh man, they 233 00:13:51,880 --> 00:13:55,559 Speaker 1: can do identity theft and then you're in for it. 234 00:13:55,559 --> 00:13:58,360 Speaker 1: It's important to understand how cybercrime and identity theft are 235 00:13:58,400 --> 00:14:01,760 Speaker 1: affecting our lives. Acting your online identity can be easy 236 00:14:01,760 --> 00:14:05,200 Speaker 1: with LifeLock by Norton. 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Use my 246 00:14:30,720 --> 00:14:34,080 Speaker 1: name at one eight hundred LifeLock, say promo code buck 247 00:14:34,080 --> 00:14:36,800 Speaker 1: when you talk to them one eight hundred LifeLock, or 248 00:14:36,880 --> 00:14:39,640 Speaker 1: go to LifeLock dot com type in promo code Bucket 249 00:14:39,720 --> 00:14:44,080 Speaker 1: Checkout for twenty five percent off The Torch of Truth 250 00:14:44,560 --> 00:14:49,080 Speaker 1: past and still lit every day the Clay Travis and 251 00:14:49,240 --> 00:14:53,760 Speaker 1: Buck Sexton Show. Oh the Fouch is still out there 252 00:14:55,200 --> 00:14:59,200 Speaker 1: arguing that, you know, he did everything right pretty much, 253 00:15:00,160 --> 00:15:03,120 Speaker 1: except the problem is he was wrong on everything. So 254 00:15:03,200 --> 00:15:06,920 Speaker 1: how do you argue that you were right on the 255 00:15:07,000 --> 00:15:10,160 Speaker 1: stuff when you were wrong on the stuff that at 256 00:15:10,160 --> 00:15:13,240 Speaker 1: the time you said you were certain of You didn't 257 00:15:13,280 --> 00:15:18,200 Speaker 1: say I think, little Fouch, you said I know. When 258 00:15:18,240 --> 00:15:22,040 Speaker 1: you say I know and you don't, you are lying. 259 00:15:23,200 --> 00:15:27,040 Speaker 1: But here's how he explains it on Morning Joe. Here 260 00:15:27,160 --> 00:15:30,720 Speaker 1: is Fouci talking about being wrong all the time, but 261 00:15:30,800 --> 00:15:34,800 Speaker 1: actually being right. The big surprise of all when we 262 00:15:34,840 --> 00:15:37,080 Speaker 1: expected that it would go up and then go back 263 00:15:37,120 --> 00:15:40,160 Speaker 1: down and then sort of disappear and go into the background, 264 00:15:40,560 --> 00:15:44,840 Speaker 1: we wound up having variant after variant and surge after 265 00:15:45,000 --> 00:15:47,920 Speaker 1: surge right up to what we're having right now, which 266 00:15:47,960 --> 00:15:52,160 Speaker 1: are sublineages of the Amicron surge, which started well over 267 00:15:52,240 --> 00:15:55,200 Speaker 1: a year ago. So this has been really a moving 268 00:15:55,320 --> 00:15:57,880 Speaker 1: target and that's the reason why we've had a many 269 00:15:58,120 --> 00:16:02,080 Speaker 1: times change some of the things that we said and recommended, 270 00:16:02,320 --> 00:16:06,640 Speaker 1: people saying that's flip flopping but it isn't. It's learning 271 00:16:06,680 --> 00:16:10,160 Speaker 1: as you go along and making your recommendations according to 272 00:16:10,200 --> 00:16:14,280 Speaker 1: the new data as it evolves. It's a learning as 273 00:16:14,360 --> 00:16:19,560 Speaker 1: you go. Did he say anything about learning as they go? Really? 274 00:16:19,880 --> 00:16:23,560 Speaker 1: You know, this is something of a revelation from Fauci, 275 00:16:23,600 --> 00:16:27,040 Speaker 1: isn't it? Was there ever a point in the two 276 00:16:27,040 --> 00:16:29,800 Speaker 1: plus years, and folks, this is still an issue because 277 00:16:29,840 --> 00:16:33,360 Speaker 1: you still got people wearing masks. You still have medical 278 00:16:33,400 --> 00:16:37,080 Speaker 1: centers all over the country, even here in Miami, making 279 00:16:37,120 --> 00:16:39,160 Speaker 1: you wear masks. This is not gone. This is still 280 00:16:39,200 --> 00:16:43,560 Speaker 1: a reality around us. But they shed over and over 281 00:16:43,680 --> 00:16:49,080 Speaker 1: and over again. We know, and they simply did not, 282 00:16:49,920 --> 00:16:54,000 Speaker 1: and they were lying to you. That's what comes across here. 283 00:16:54,200 --> 00:16:56,480 Speaker 1: You don't get to say, I am certain the science 284 00:16:56,560 --> 00:17:01,120 Speaker 1: is settled many many times on different thing things, And 285 00:17:01,240 --> 00:17:03,480 Speaker 1: actually it turns out the science was not settled. You 286 00:17:03,480 --> 00:17:06,280 Speaker 1: were wrong on all of those points, and say, you know, 287 00:17:06,359 --> 00:17:09,199 Speaker 1: we were just figuring it out as we went, because 288 00:17:09,200 --> 00:17:11,639 Speaker 1: that's what we were saying at the time. You guys 289 00:17:11,720 --> 00:17:16,760 Speaker 1: don't know, there will be more data. Don't mandate this stuff. 290 00:17:16,800 --> 00:17:19,200 Speaker 1: There's no evidentiary basis for it. And they were saying, 291 00:17:19,200 --> 00:17:22,320 Speaker 1: shut up, we've got it. We know what we're doing here. 292 00:17:23,119 --> 00:17:29,359 Speaker 1: The science that Fauci exemplifies, that he embodies the he's 293 00:17:29,400 --> 00:17:35,439 Speaker 1: the personification of science. Apparently that's what he told us, 294 00:17:35,760 --> 00:17:38,439 Speaker 1: you know it, That's what he told us. And and 295 00:17:38,520 --> 00:17:40,399 Speaker 1: for a lot of Democrats, you might wonder, why do 296 00:17:40,440 --> 00:17:42,000 Speaker 1: they still put this guy on TV? Why do they 297 00:17:42,000 --> 00:17:45,840 Speaker 1: still want to hear from him? It's because somewhere in 298 00:17:45,880 --> 00:17:52,399 Speaker 1: the backs of their minds, the you know, amend soy 299 00:17:52,560 --> 00:18:00,200 Speaker 1: milk Frappuccino Morning Joe crowd knows they were wrong. They 300 00:18:00,240 --> 00:18:03,280 Speaker 1: know that they were They were on the rong side 301 00:18:03,320 --> 00:18:06,040 Speaker 1: of this one, my friends. The Tunnel to Towers Foundation 302 00:18:06,280 --> 00:18:09,000 Speaker 1: delivers on its promise to do good and never forget 303 00:18:09,040 --> 00:18:12,399 Speaker 1: the sacrifices America's heroes have made for US. Heroes like 304 00:18:12,560 --> 00:18:15,640 Speaker 1: US Air Force Senior Master Sergeant Israel del Toro Junior. 305 00:18:16,080 --> 00:18:18,119 Speaker 1: He promised his father he'd take care of his family 306 00:18:18,119 --> 00:18:20,280 Speaker 1: and promised his son he'd return home to watch him 307 00:18:20,320 --> 00:18:23,240 Speaker 1: grow up. When his humby exploded in Afghanistan, he suffered 308 00:18:23,280 --> 00:18:25,680 Speaker 1: severe burns over more than eighty percent of his body, 309 00:18:26,080 --> 00:18:28,560 Speaker 1: with only a fifteen percent chance of survival. Del Toro 310 00:18:28,640 --> 00:18:31,439 Speaker 1: focus on the promises he made later he became the 311 00:18:31,520 --> 00:18:34,399 Speaker 1: first fully disabled airman permitted to re enlist and a 312 00:18:34,400 --> 00:18:37,399 Speaker 1: gold medal winner in the Invictus Games. Now he shares 313 00:18:37,440 --> 00:18:39,919 Speaker 1: his story to help others. Thanks so the Tunnel to 314 00:18:39,920 --> 00:18:43,800 Speaker 1: Towers Foundation and your generosity, Del Toro received a mortgage 315 00:18:43,800 --> 00:18:46,360 Speaker 1: free smart home. The home has a myriad of features 316 00:18:46,359 --> 00:18:49,560 Speaker 1: to help him live his life more independently. Help heroes 317 00:18:49,680 --> 00:18:52,000 Speaker 1: like del Toro when they need it most. Join me 318 00:18:52,040 --> 00:18:53,879 Speaker 1: in donating eleven dollars a month The Tunnel of the 319 00:18:53,920 --> 00:18:57,359 Speaker 1: Towers at T two T dot org. That's t the 320 00:18:57,480 --> 00:19:01,520 Speaker 1: number two T dot org. So what's gonna happen in 321 00:19:01,560 --> 00:19:06,240 Speaker 1: twenty twenty four? We don't know. It's very early. Nobody knows, 322 00:19:06,359 --> 00:19:10,520 Speaker 1: but interesting dynamics to see right now that will be 323 00:19:11,240 --> 00:19:16,919 Speaker 1: playing out for many months. CNN, what is you know? 324 00:19:16,960 --> 00:19:20,080 Speaker 1: We we've we've asked the question, you know, how does 325 00:19:20,080 --> 00:19:23,080 Speaker 1: it left define say a woman or you know, what 326 00:19:23,280 --> 00:19:25,480 Speaker 1: is a citizen? There a lot of questions, but what 327 00:19:25,720 --> 00:19:29,520 Speaker 1: is CNN? What is CNN? Is it? Is it still 328 00:19:30,040 --> 00:19:31,879 Speaker 1: going for the whole news network? They? I don't know, 329 00:19:32,800 --> 00:19:36,960 Speaker 1: but it exists, that's for short. It's still a thing 330 00:19:37,000 --> 00:19:41,000 Speaker 1: out there. And CNN has a has some polling that 331 00:19:41,040 --> 00:19:42,720 Speaker 1: I wanted to share with you. I thought this was 332 00:19:42,800 --> 00:19:47,600 Speaker 1: interesting talk about how this is perhaps reflecting our political 333 00:19:47,640 --> 00:19:52,840 Speaker 1: realities right now. But it shows Disantist versus Biden, Biden 334 00:19:52,960 --> 00:19:56,359 Speaker 1: versus Trump play seventeen. There is this new poll from 335 00:19:56,440 --> 00:19:59,480 Speaker 1: quinnipianc University and it's not about the base, but it 336 00:19:59,600 --> 00:20:01,880 Speaker 1: is an argument in favor of the Santists. If you're 337 00:20:02,000 --> 00:20:05,399 Speaker 1: of the Santis campaign person, it's with independent voters and 338 00:20:05,480 --> 00:20:08,119 Speaker 1: it head to head matchup forty nine percent of Independence 339 00:20:08,480 --> 00:20:12,840 Speaker 1: favored to Santists over Biden Biden forty five. But then 340 00:20:12,880 --> 00:20:15,560 Speaker 1: you have a Biden Trump matchup and fifty percent of 341 00:20:15,600 --> 00:20:19,520 Speaker 1: Independence go to Biden versus forty two percent for Trump. Obviously, 342 00:20:19,560 --> 00:20:22,879 Speaker 1: it's way early and DeSantis hasn't even announced the candidacy, 343 00:20:22,880 --> 00:20:25,920 Speaker 1: although that hasn't stopped Congressman Chip Roy from endorsing. Yeah, 344 00:20:26,400 --> 00:20:31,040 Speaker 1: this is a strong argument for DeSantis. So here's what 345 00:20:31,119 --> 00:20:36,600 Speaker 1: we see. Independent voters are going to largely determine the 346 00:20:36,680 --> 00:20:43,119 Speaker 1: twenty twenty four presidency. That's just a fact. Now, the 347 00:20:43,200 --> 00:20:45,680 Speaker 1: primary has to come first, and the primary is where 348 00:20:45,720 --> 00:20:49,800 Speaker 1: I think Donald Trump clearly and I've seen polling that 349 00:20:49,800 --> 00:20:53,479 Speaker 1: that supports this Donald Trump is at his strongest because 350 00:20:53,520 --> 00:20:59,280 Speaker 1: Trump's support within the Republican base is unlike anything that 351 00:20:59,320 --> 00:21:03,680 Speaker 1: we certainly are scene for any Republican politician in my lifetime. 352 00:21:03,800 --> 00:21:06,960 Speaker 1: I mean maybe technically Reagan. I was alive when Reagan 353 00:21:07,040 --> 00:21:10,000 Speaker 1: was in office, so but I was a kid. I 354 00:21:10,040 --> 00:21:15,120 Speaker 1: don't really remember it. So Trump has a huge momentum 355 00:21:15,119 --> 00:21:20,040 Speaker 1: I think behind him with the primary, but on the 356 00:21:20,040 --> 00:21:24,159 Speaker 1: independent side of things, and it matters. I know, we 357 00:21:24,160 --> 00:21:26,200 Speaker 1: don't think about it a lot, especially going to the primary, 358 00:21:26,240 --> 00:21:29,560 Speaker 1: but it matters on the independent side of things. What 359 00:21:29,760 --> 00:21:32,520 Speaker 1: is the Trump plan to win over independence? That's what 360 00:21:32,520 --> 00:21:34,720 Speaker 1: I'm getting out. I'm not suggesting that you know, even 361 00:21:34,720 --> 00:21:37,359 Speaker 1: CNN there was saying that it's super early. I'm not 362 00:21:37,400 --> 00:21:42,080 Speaker 1: suggesting that this really means anything. I think it's just 363 00:21:42,200 --> 00:21:45,560 Speaker 1: more of an interesting piece of analysis that needs to 364 00:21:45,600 --> 00:21:49,160 Speaker 1: be done on we often are. We're so focused on 365 00:21:49,520 --> 00:21:52,600 Speaker 1: Trump in the primary that there also needs to be 366 00:21:52,640 --> 00:21:57,560 Speaker 1: a discussion of Trump winning independent voters. How's he going? 367 00:21:57,720 --> 00:22:00,600 Speaker 1: And this is what the people that I know, and 368 00:22:00,640 --> 00:22:03,800 Speaker 1: we had some reach out yesterday. The people who I 369 00:22:04,280 --> 00:22:09,760 Speaker 1: know are already decided in favor of Trump in the primary. 370 00:22:10,840 --> 00:22:14,919 Speaker 1: Now they know they can count on other Republicans to 371 00:22:15,040 --> 00:22:18,000 Speaker 1: vote along with Trump. I mean, I think that's pretty 372 00:22:18,200 --> 00:22:22,000 Speaker 1: pretty clear. There's always we're talking in very broad strokes here, 373 00:22:22,040 --> 00:22:26,760 Speaker 1: But but how do they think if independence and by 374 00:22:26,840 --> 00:22:31,640 Speaker 1: the numbers, by registration and recent electoral history, independence are 375 00:22:31,640 --> 00:22:35,840 Speaker 1: going to be essential to twenty twenty four, If independence 376 00:22:35,880 --> 00:22:38,119 Speaker 1: are going to be essential, what is the Trump plan 377 00:22:38,680 --> 00:22:43,720 Speaker 1: to win them over. I've heard some interesting policies recently 378 00:22:43,880 --> 00:22:49,280 Speaker 1: about pro family growth policies and things like this. You know, 379 00:22:49,320 --> 00:22:54,040 Speaker 1: what is Trump going to present to independence that will 380 00:22:54,080 --> 00:22:58,160 Speaker 1: be compelling? Because that's a problem for him right now. 381 00:22:58,800 --> 00:23:02,240 Speaker 1: That's a challenge. I also think that what we're seeing 382 00:23:02,440 --> 00:23:05,840 Speaker 1: with the possible economic let the market just had a 383 00:23:05,840 --> 00:23:08,000 Speaker 1: little bit of variety today, maybe you know, maybe the 384 00:23:08,040 --> 00:23:11,640 Speaker 1: bank somehow and we just sort of keep stumbling along. 385 00:23:12,600 --> 00:23:17,280 Speaker 1: That's possible too. But if we go into rough economic times, 386 00:23:17,400 --> 00:23:22,879 Speaker 1: then I think it benefits Trump considerably because his background 387 00:23:23,000 --> 00:23:28,240 Speaker 1: as a businessman and also as a president who put 388 00:23:28,280 --> 00:23:30,760 Speaker 1: COVID aside, which is a pandemic that you know, shut 389 00:23:30,800 --> 00:23:35,359 Speaker 1: down the world. Basically, when Trump was president, the economy 390 00:23:35,640 --> 00:23:39,760 Speaker 1: was roaring. That is just what happened. So maybe that 391 00:23:39,960 --> 00:23:42,840 Speaker 1: then becomes the pitch maybe that becomes the way that 392 00:23:42,880 --> 00:23:47,040 Speaker 1: Trump is able to start to break through with independent voters. 393 00:23:47,520 --> 00:23:50,679 Speaker 1: But I haven't seen anything yet. Now. I'm sure the 394 00:23:50,720 --> 00:23:55,200 Speaker 1: Trump team would say, if asked something along the lines of, well, 395 00:23:55,240 --> 00:23:57,639 Speaker 1: we're not focused on that. We're focused on winning the primary, 396 00:23:57,680 --> 00:24:00,400 Speaker 1: and that's all fine, But I'm just focused on saving 397 00:24:00,400 --> 00:24:04,719 Speaker 1: the country right. We're focused on this place known as 398 00:24:04,720 --> 00:24:08,399 Speaker 1: America and what's best for us going forward, and that 399 00:24:08,480 --> 00:24:11,720 Speaker 1: means defeating the Democrats full stop in twenty twenty four. 400 00:24:12,320 --> 00:24:15,680 Speaker 1: That means not allowing Joe Biden eight years as president, 401 00:24:16,119 --> 00:24:21,080 Speaker 1: eight years of Biden as president. You know, sometimes I 402 00:24:21,119 --> 00:24:23,960 Speaker 1: think about this and I just what has happened to 403 00:24:24,000 --> 00:24:28,280 Speaker 1: this once great land of ours? Like Joe Biden, it's 404 00:24:28,320 --> 00:24:30,440 Speaker 1: gonna be eighty four years old at the end of 405 00:24:30,480 --> 00:24:33,760 Speaker 1: his second term, maybe even older than that, guys, check me. 406 00:24:33,800 --> 00:24:35,159 Speaker 1: Is that he's gonna be eighty five or eighty six. 407 00:24:35,200 --> 00:24:38,320 Speaker 1: I mean, he's gonna be way up there for a president. 408 00:24:39,640 --> 00:24:45,320 Speaker 1: And yet they have changed the structure of the Democrat primary. 409 00:24:45,560 --> 00:24:48,080 Speaker 1: I think it's they're going to There might be some 410 00:24:48,080 --> 00:24:50,720 Speaker 1: steps they still have to take here, but here is 411 00:24:50,880 --> 00:24:55,439 Speaker 1: Representative Jim Clyburne, who is saying yeah, of course, moving 412 00:24:55,480 --> 00:25:00,879 Speaker 1: the first Democrat primary to South Carolina, changing around the 413 00:25:00,880 --> 00:25:06,080 Speaker 1: primary schedule. This was the Democrat machine, the DNC machinery, 414 00:25:07,160 --> 00:25:12,960 Speaker 1: moving in such a way that is too Joe Biden's benefit. 415 00:25:13,160 --> 00:25:16,520 Speaker 1: Play a team making sure South Caroline goes first. Congressman 416 00:25:16,920 --> 00:25:19,399 Speaker 1: was indeed a political choice. So the part of the 417 00:25:19,440 --> 00:25:21,639 Speaker 1: president and his team to make sure he does not 418 00:25:21,800 --> 00:25:25,959 Speaker 1: run into any LBJ problems. Right, Oh my goodness, you 419 00:25:26,160 --> 00:25:29,960 Speaker 1: mean there's a political choice being man in the political process. 420 00:25:30,359 --> 00:25:36,760 Speaker 1: Come on, man, I absolutely, yeah, we all know this, right, 421 00:25:36,800 --> 00:25:39,440 Speaker 1: but it's just going to show you that's what we 422 00:25:39,760 --> 00:25:42,840 Speaker 1: know that. You know, sometimes you have to look at 423 00:25:42,920 --> 00:25:47,720 Speaker 1: some of these factors that there's no explanation for other 424 00:25:47,760 --> 00:25:50,600 Speaker 1: than somebody's running. I said this before. I know some 425 00:25:50,680 --> 00:25:52,520 Speaker 1: of you think I'm maybe a little a little crazy 426 00:25:52,520 --> 00:25:54,520 Speaker 1: on this. But as soon as I saw the scientists 427 00:25:54,600 --> 00:25:57,679 Speaker 1: them most recently and saw that this guy had gotten 428 00:25:57,720 --> 00:26:01,320 Speaker 1: in really good physical shape, meaning he had lost he 429 00:26:01,680 --> 00:26:04,160 Speaker 1: was he was kind of a cuddly dad looking guy. 430 00:26:05,000 --> 00:26:08,399 Speaker 1: You know, I'm not casting spersions or throwing stones. You know, 431 00:26:09,320 --> 00:26:11,720 Speaker 1: he heavy, d was a little heavier, you know, Rhonda 432 00:26:11,800 --> 00:26:13,879 Speaker 1: Santis was a little was a little bigger. As soon 433 00:26:13,920 --> 00:26:15,200 Speaker 1: as he dropped all this way, I'm like, oh, this 434 00:26:15,240 --> 00:26:17,040 Speaker 1: guy's running for president obviously, and there are a lot 435 00:26:17,080 --> 00:26:18,520 Speaker 1: of other reasons to believe it too, but for me, 436 00:26:18,640 --> 00:26:20,920 Speaker 1: that was just the that was it, like that as 437 00:26:20,920 --> 00:26:23,840 Speaker 1: soon as I thought, okay, so there's no question they've 438 00:26:23,880 --> 00:26:27,760 Speaker 1: moved the Democrat primary to benefit Joe Biden. So there's 439 00:26:27,800 --> 00:26:30,320 Speaker 1: no real discussion I think, as to whether or not. 440 00:26:30,320 --> 00:26:34,160 Speaker 1: And you know, I've been very consistent on this that 441 00:26:34,320 --> 00:26:38,560 Speaker 1: the the Democrat machinery of of getting the votes out 442 00:26:39,119 --> 00:26:43,800 Speaker 1: coupled with the propaganda machinery of pretending Joe Biden is 443 00:26:43,840 --> 00:26:48,520 Speaker 1: something that he is not. That's how they think they 444 00:26:48,560 --> 00:26:52,280 Speaker 1: stay in power. They don't have another There is no 445 00:26:52,400 --> 00:26:54,800 Speaker 1: other game plan. If there was some other game plan, 446 00:26:55,440 --> 00:26:57,920 Speaker 1: we would already see what it is at some point. 447 00:26:58,040 --> 00:27:02,119 Speaker 1: Maybe the other options Kamala Harris, and she sort of 448 00:27:02,160 --> 00:27:05,919 Speaker 1: takes the you know, they passed the baton or the 449 00:27:05,920 --> 00:27:08,679 Speaker 1: past the scepter. You know, they passed the authority on 450 00:27:08,720 --> 00:27:13,240 Speaker 1: to Kamala from Joe. But I don't think that they believe, 451 00:27:13,400 --> 00:27:16,240 Speaker 1: and they're they're right to believe that they would have 452 00:27:16,880 --> 00:27:19,440 Speaker 1: no real shot of Kamala Harris being able to win 453 00:27:19,560 --> 00:27:24,000 Speaker 1: an actual national election. So these are just some of 454 00:27:24,000 --> 00:27:26,520 Speaker 1: the early dynamics for twenty twenty four. How does Trump 455 00:27:27,160 --> 00:27:31,359 Speaker 1: appeal to independent voters? And I think that will matter 456 00:27:31,480 --> 00:27:34,640 Speaker 1: somewhat in the primary, because there's gonna be an argument 457 00:27:34,680 --> 00:27:41,920 Speaker 1: made by any Trump challenger, Nicky Haley, Pompeio, Bolton. I mean, 458 00:27:41,960 --> 00:27:46,040 Speaker 1: he's in there too, and obviously de Santis that that's 459 00:27:46,080 --> 00:27:49,359 Speaker 1: Trump's weakness in a general election. Now that was that 460 00:27:49,520 --> 00:27:51,560 Speaker 1: is a much bigger weakness than it would have been 461 00:27:51,560 --> 00:27:54,200 Speaker 1: in twenty sixteen because of you know, all the things 462 00:27:54,200 --> 00:27:56,080 Speaker 1: that they're going to throw out there about Trump's record. 463 00:27:56,640 --> 00:27:59,760 Speaker 1: They're gonna say Trump can appeal to independence. How does 464 00:27:59,840 --> 00:28:05,160 Speaker 1: Trump come back at that. That's something that as much 465 00:28:05,200 --> 00:28:07,160 Speaker 1: as people think of it as a general election issue, 466 00:28:07,200 --> 00:28:10,880 Speaker 1: I think it will matter more in the primary than 467 00:28:11,080 --> 00:28:15,480 Speaker 1: maybe some anticipate because it goes to electability. If you 468 00:28:15,520 --> 00:28:19,080 Speaker 1: can't convince those independence, you can't get elected. So how 469 00:28:19,119 --> 00:28:23,600 Speaker 1: does Trump tell the Republican face I can also get independence? 470 00:28:23,840 --> 00:28:26,439 Speaker 1: And again I asked the question, I'm not suggesting this 471 00:28:26,520 --> 00:28:28,960 Speaker 1: is rhetorical like he has no answer. I'm saying he's 472 00:28:28,960 --> 00:28:31,080 Speaker 1: going to have to address this with Russia and then 473 00:28:31,119 --> 00:28:35,920 Speaker 1: with Biden, it's yeah, this guy's running and this is 474 00:28:35,960 --> 00:28:40,040 Speaker 1: the plan. Even though Kamala is still doing this. Maybe 475 00:28:40,160 --> 00:28:42,840 Speaker 1: is that just kamalas when she says if he runs, 476 00:28:42,840 --> 00:28:44,840 Speaker 1: I'll run with him. Do you think she's just leaving 477 00:28:44,880 --> 00:28:48,200 Speaker 1: open the possibility that there's some last minute change that 478 00:28:48,280 --> 00:28:51,239 Speaker 1: favors her. I don't know. It does strike me as 479 00:28:51,240 --> 00:28:55,120 Speaker 1: a strange, strange answer from her, though. We've talked about 480 00:28:55,160 --> 00:28:58,000 Speaker 1: how huge asset managers names you know, are using your 481 00:28:58,080 --> 00:29:02,200 Speaker 1: retirement funds to further their eg agenda. In this economy, 482 00:29:02,560 --> 00:29:05,600 Speaker 1: you don't need these companies playing politics with your retirement funds. 483 00:29:05,880 --> 00:29:09,320 Speaker 1: You want solid investments that maximize your returns. Last year, 484 00:29:09,400 --> 00:29:12,040 Speaker 1: state treasuries across the nation sent a message to stop 485 00:29:12,080 --> 00:29:15,640 Speaker 1: playing politics with pensions by divesting five billion dollars from 486 00:29:15,680 --> 00:29:18,440 Speaker 1: some of these companies, and twenty five states are suing 487 00:29:18,480 --> 00:29:22,240 Speaker 1: to block this nonsense of ESG from endangering your hard 488 00:29:22,240 --> 00:29:25,480 Speaker 1: earned funds. Republicans on Capitol Hill just passed a bill 489 00:29:25,520 --> 00:29:28,960 Speaker 1: blocking the Biden administration from allowing these asset managers from 490 00:29:29,000 --> 00:29:33,000 Speaker 1: using your money to further their ESG agenda. While conservatives 491 00:29:33,000 --> 00:29:36,000 Speaker 1: in Congress have your back President Biden threatens to veto 492 00:29:36,080 --> 00:29:39,760 Speaker 1: any bill that blocks this ESG madness. These firms have 493 00:29:39,840 --> 00:29:43,320 Speaker 1: a fiduciary duty to maximize returns. They should be held 494 00:29:43,320 --> 00:29:46,479 Speaker 1: accountable for playing politics with our pensions and doing it 495 00:29:46,520 --> 00:29:49,920 Speaker 1: without our consent. To learn how Consumers Research is protecting 496 00:29:50,000 --> 00:29:52,440 Speaker 1: all of us from these woke investment firms, go to 497 00:29:52,560 --> 00:29:59,680 Speaker 1: consumers Research dot org. That's consumers Research dot org. Download 498 00:29:59,720 --> 00:30:02,880 Speaker 1: and used than you Clay in buck app, listen to 499 00:30:02,920 --> 00:30:05,600 Speaker 1: the program live, catch up on any part of this 500 00:30:05,600 --> 00:30:09,000 Speaker 1: show you might have missed. Find every podcast as their release, 501 00:30:09,120 --> 00:30:11,640 Speaker 1: then listen. Find the Clay and Buck app in your 502 00:30:11,640 --> 00:30:14,160 Speaker 1: app store and make it part of your day. Got 503 00:30:14,240 --> 00:30:17,080 Speaker 1: to be closing up shop here shortly on Clay and Buck, 504 00:30:17,120 --> 00:30:19,040 Speaker 1: I want to remind you to please go subscribe to 505 00:30:19,040 --> 00:30:23,320 Speaker 1: the Clay, Travis and Buck Sexton Show podcast. I have 506 00:30:23,960 --> 00:30:26,880 Speaker 1: Jedediah blah as the Pile that came out today for 507 00:30:26,920 --> 00:30:33,280 Speaker 1: our deep dive. Talked about the valuing of masculinity, how 508 00:30:33,320 --> 00:30:38,040 Speaker 1: feminism is causing feminism there we Go is causing or 509 00:30:38,080 --> 00:30:41,440 Speaker 1: the feminists are causing misery for women. A whole lot 510 00:30:41,480 --> 00:30:46,640 Speaker 1: of interesting sort of cultural social conversation with Jedediah. But 511 00:30:46,760 --> 00:30:48,360 Speaker 1: if you want to hear it, you gotta go subscribe 512 00:30:48,400 --> 00:30:51,080 Speaker 1: to Clay and Buck podcast. Download the iHeart app. It's free. 513 00:30:51,120 --> 00:30:53,040 Speaker 1: It's a fantastic app. You can listen to a whole 514 00:30:53,040 --> 00:30:54,960 Speaker 1: bunch of stuff on it, but the Clay and Buck 515 00:30:55,000 --> 00:31:00,320 Speaker 1: podcast should be at the top of the list. And Clay, 516 00:31:00,840 --> 00:31:04,320 Speaker 1: I've gotten the update from him during the show. He 517 00:31:04,360 --> 00:31:06,360 Speaker 1: misses all of you, but he is having a great 518 00:31:06,400 --> 00:31:08,720 Speaker 1: time with his family in Italy. He sent me a 519 00:31:08,720 --> 00:31:11,640 Speaker 1: photo of him with the h with his wife and 520 00:31:12,200 --> 00:31:15,400 Speaker 1: three boys at the coliseum. I think so he's having 521 00:31:15,440 --> 00:31:17,480 Speaker 1: a great time loves Italy. He'll be back next week. 522 00:31:17,840 --> 00:31:21,680 Speaker 1: So I'm holding the fort down here obviously this week tomorrow, 523 00:31:22,120 --> 00:31:24,640 Speaker 1: and I think it's Clay back Monday. Guys, will he 524 00:31:24,760 --> 00:31:27,320 Speaker 1: back Tuesday? Well, anyway, he'll be back next week for sure. 525 00:31:28,000 --> 00:31:32,960 Speaker 1: And with all of that established, I would very much 526 00:31:33,000 --> 00:31:39,640 Speaker 1: like to get to some of your calls Thomas in Westchester, 527 00:31:39,800 --> 00:31:41,720 Speaker 1: New York. Have actually spent a lot of time with Westchester. 528 00:31:41,800 --> 00:31:46,719 Speaker 1: What's going on? Thomas? Hey, Hey a Buck. Two points. First, 529 00:31:46,800 --> 00:31:51,040 Speaker 1: if the economy two years is doing well, you're not 530 00:31:51,040 --> 00:31:53,040 Speaker 1: beating Joe Biden. You could bring back Reagan, You'll beating 531 00:31:53,120 --> 00:31:55,960 Speaker 1: Joe Biden. Second with Trump. Trump's argument is going to 532 00:31:56,000 --> 00:31:58,600 Speaker 1: be on stage, whether you love much tweet or not. 533 00:31:59,600 --> 00:32:02,400 Speaker 1: Four years under an economy we were doing great. We 534 00:32:02,520 --> 00:32:05,520 Speaker 1: weren't in a Ukraine spanning one hundred billion dollars. I'm 535 00:32:05,560 --> 00:32:09,960 Speaker 1: approving I proved myself. The other people on stage have not. 536 00:32:10,160 --> 00:32:13,000 Speaker 1: It's like playing minor league baseball. Yes you're doing great 537 00:32:13,000 --> 00:32:15,320 Speaker 1: in the minor leagues, but can you perform in the 538 00:32:15,360 --> 00:32:17,800 Speaker 1: big leagues? And that's going to be Trump's argument. You 539 00:32:17,880 --> 00:32:20,640 Speaker 1: might not love my tweets, but when I was president, 540 00:32:21,200 --> 00:32:23,400 Speaker 1: we didn't have all these commotions. I'm gonna tell you, 541 00:32:23,520 --> 00:32:26,280 Speaker 1: I think that I just want to I want to 542 00:32:26,280 --> 00:32:28,520 Speaker 1: add thank you Tom for calling in from from Westchester, 543 00:32:28,600 --> 00:32:31,480 Speaker 1: New York. Uh. I think I think what Thomas says 544 00:32:31,720 --> 00:32:35,400 Speaker 1: is correct. I would agree that, first of all, if 545 00:32:35,720 --> 00:32:39,240 Speaker 1: if you have a good economy and the incumbent president 546 00:32:39,360 --> 00:32:41,920 Speaker 1: Joe Biden, plus all the advantage he gets built in 547 00:32:42,000 --> 00:32:44,880 Speaker 1: from the Democrat media and all the little propagandists running 548 00:32:44,920 --> 00:32:48,920 Speaker 1: around as journalists, UH, it's gonna be very tough to beat. 549 00:32:49,040 --> 00:32:52,440 Speaker 1: I'm I'm clear on this, and I want everyone else 550 00:32:52,480 --> 00:32:54,720 Speaker 1: to be. You know, this is this is going to 551 00:32:54,800 --> 00:33:01,000 Speaker 1: be an up hill battle for Republicans no matter who 552 00:33:01,760 --> 00:33:05,400 Speaker 1: our nominee is. Okay, it's going to be hard to 553 00:33:05,440 --> 00:33:09,840 Speaker 1: win this election, very hard, meaning I think the odds 554 00:33:09,840 --> 00:33:14,200 Speaker 1: are actually against the Republican with the exception this is 555 00:33:14,280 --> 00:33:16,320 Speaker 1: part of what he said of if we go into 556 00:33:16,360 --> 00:33:19,400 Speaker 1: a really bad economy that switches. It doesn't mean it's 557 00:33:19,400 --> 00:33:21,400 Speaker 1: a given, but it means that I think the odds 558 00:33:21,400 --> 00:33:25,000 Speaker 1: favor the Republican challenger if if we're in a straight 559 00:33:25,080 --> 00:33:28,720 Speaker 1: if we're in a nasty recession, or we go into 560 00:33:28,720 --> 00:33:31,920 Speaker 1: a really bad period of stagflation, which I mentioned yesterday, 561 00:33:32,680 --> 00:33:38,479 Speaker 1: continuously rising inflation, low productivity, high unemployment, and then I 562 00:33:38,520 --> 00:33:40,640 Speaker 1: think you're you're going to have people say enough, enough 563 00:33:40,720 --> 00:33:42,520 Speaker 1: is enough. So the economy is going to be a huge, 564 00:33:43,080 --> 00:33:44,840 Speaker 1: a huge piece of this. Look, I mean, people, there's 565 00:33:44,840 --> 00:33:46,640 Speaker 1: a lot of things we've said about the twenty twenty 566 00:33:47,240 --> 00:33:50,040 Speaker 1: to election already and how how disappointing it was, how 567 00:33:50,040 --> 00:33:52,320 Speaker 1: wrong the polls were, and what a what a mess 568 00:33:52,400 --> 00:33:54,560 Speaker 1: it turned out to be for those of us who 569 00:33:54,600 --> 00:33:59,400 Speaker 1: are hoping for a reversal of Bidenism and all the 570 00:33:59,400 --> 00:34:04,720 Speaker 1: craziness he represents. And I would just say the economy 571 00:34:04,760 --> 00:34:07,200 Speaker 1: wasn't that bad. Inflation was pretty high, but people had 572 00:34:07,240 --> 00:34:08,799 Speaker 1: gotten pretty used to it at that point. Now when 573 00:34:08,840 --> 00:34:11,040 Speaker 1: I say it wasn't that bad yet, it's a bad economy. 574 00:34:11,400 --> 00:34:14,040 Speaker 1: It wasn't what it should be, but it wasn't bad 575 00:34:14,200 --> 00:34:19,200 Speaker 1: enough to crush the Democrats. Obviously, look at what happened. 576 00:34:19,920 --> 00:34:22,040 Speaker 1: So if you have a really bad economy, I think 577 00:34:22,080 --> 00:34:23,759 Speaker 1: that will make a big difference. But then also what 578 00:34:23,800 --> 00:34:29,080 Speaker 1: he said about Trump's pitch to the voters, I think 579 00:34:29,120 --> 00:34:32,520 Speaker 1: that's that's where Trump needs to go. Trump needs to 580 00:34:32,560 --> 00:34:36,120 Speaker 1: talk policies. He needs to talk what he would do 581 00:34:36,960 --> 00:34:39,640 Speaker 1: go you know, if president again, and also what he 582 00:34:39,719 --> 00:34:43,160 Speaker 1: did while president, and talk about China trade, talk about 583 00:34:43,239 --> 00:34:46,080 Speaker 1: US Mexico Canada agreement, talk about you know, the lowest 584 00:34:47,000 --> 00:34:49,640 Speaker 1: you know, unemployment rate for a whole bunch of different categories. 585 00:34:49,640 --> 00:34:51,000 Speaker 1: But one thing he used to always say was lowest 586 00:34:51,040 --> 00:34:55,879 Speaker 1: unemployment for the black and Hispanic communities respectively. I think 587 00:34:56,200 --> 00:34:58,839 Speaker 1: ever in this country, I mean there were there were 588 00:34:58,840 --> 00:35:01,520 Speaker 1: all these different figures that he would cite. And just 589 00:35:01,560 --> 00:35:05,080 Speaker 1: also where the stock market was, homeownership. You go down 590 00:35:05,080 --> 00:35:09,480 Speaker 1: the list, right, So guys, i'm your I'm your your 591 00:35:09,560 --> 00:35:14,520 Speaker 1: a team, top tier big league player, and I'm the 592 00:35:14,560 --> 00:35:18,120 Speaker 1: one who can get it done again. That is Trump's 593 00:35:18,120 --> 00:35:22,960 Speaker 1: sweet spot for trying to get both a primary win 594 00:35:23,120 --> 00:35:26,680 Speaker 1: and election. This stuff about Rhonda Santists, it was bad 595 00:35:26,719 --> 00:35:30,560 Speaker 1: on COVID. It's it's honestly, and I you know, I 596 00:35:30,600 --> 00:35:33,680 Speaker 1: say this with with fondness for Trump. Um, it's just 597 00:35:34,000 --> 00:35:36,040 Speaker 1: it's a it's a bad look. It's it's a it's 598 00:35:36,040 --> 00:35:38,680 Speaker 1: a little insulting to the people who hear it. It's 599 00:35:38,680 --> 00:35:41,160 Speaker 1: a little insulting, you know, because it's just not true. 600 00:35:41,880 --> 00:35:44,319 Speaker 1: This like Rhonda Santists wasn't so great in Florida, thing 601 00:35:44,360 --> 00:35:48,400 Speaker 1: like that. Don't attack on things that aren't true, right, Um, 602 00:35:48,800 --> 00:35:51,400 Speaker 1: don't attack on things that that are objectively false. I 603 00:35:51,440 --> 00:35:54,319 Speaker 1: know it's politics and people to fight dirty. But when 604 00:35:54,320 --> 00:35:55,880 Speaker 1: I say don't do it, I mean from to do 605 00:35:55,880 --> 00:35:59,000 Speaker 1: whatever he wants, I think it won't be effective. He's 606 00:35:59,040 --> 00:36:01,400 Speaker 1: effective when he is what Thomas was just saying a 607 00:36:01,480 --> 00:36:06,160 Speaker 1: moment ago, which is talk about what he did that 608 00:36:06,280 --> 00:36:07,879 Speaker 1: was great and what he can do that as great, 609 00:36:07,880 --> 00:36:10,359 Speaker 1: and why he's the guy, you know more so than 610 00:36:10,400 --> 00:36:13,480 Speaker 1: other candidates. That that's his pitch. This uh, you know, 611 00:36:13,760 --> 00:36:18,040 Speaker 1: getting really down into the gutter and throwing throwing low 612 00:36:18,040 --> 00:36:20,800 Speaker 1: blows at other Republicans in the ring. It's not a 613 00:36:21,120 --> 00:36:23,640 Speaker 1: good look. It's not gonna work. I don't think it's 614 00:36:23,640 --> 00:36:26,719 Speaker 1: gonna work. I mean, I could see, I could be wrong. Um, 615 00:36:27,080 --> 00:36:30,560 Speaker 1: what do we got tomorrow? Friends? Oh, we have a 616 00:36:30,840 --> 00:36:33,560 Speaker 1: director who will be coming on the show, or I 617 00:36:33,560 --> 00:36:38,640 Speaker 1: should say a representative of the movie Jesus Revolution. So 618 00:36:39,440 --> 00:36:42,600 Speaker 1: Jesus Revolution, which is doing very very well. We love 619 00:36:42,719 --> 00:36:49,799 Speaker 1: content that is well conservative, religious pro Jesus stuff like that. 620 00:36:50,120 --> 00:36:52,120 Speaker 1: We'll talk about it tomorrow on the show with all 621 00:36:52,160 --> 00:36:54,959 Speaker 1: the news of the day. This is Buck signing off 622 00:36:55,400 --> 00:36:56,080 Speaker 1: shields high