1 00:00:00,160 --> 00:00:03,400 Speaker 1: Welcome to today's edition of the Clay Travis and Buck 2 00:00:03,440 --> 00:00:04,720 Speaker 1: Sexton Show podcast. 3 00:00:05,240 --> 00:00:06,080 Speaker 2: Welcome everybody. 4 00:00:06,280 --> 00:00:09,120 Speaker 3: Wednesday edition of Clay and Buck kicks off right now. 5 00:00:09,400 --> 00:00:11,120 Speaker 3: Got a lot to discuss with Peter Day. 6 00:00:11,480 --> 00:00:13,320 Speaker 2: Just quick roadmap. 7 00:00:13,400 --> 00:00:21,160 Speaker 3: Our friends friends, Julie Kelly and Vivike Ramaswami will be joining. 8 00:00:20,960 --> 00:00:22,400 Speaker 2: Us today here on the program. 9 00:00:22,800 --> 00:00:27,200 Speaker 3: We'll have Julie joining to talk about the latest legal 10 00:00:27,280 --> 00:00:31,920 Speaker 3: wrangling around the DC case against Trump Judge Chuck Kidden. 11 00:00:32,000 --> 00:00:35,080 Speaker 3: The fix is in. We will discuss the latest with 12 00:00:35,200 --> 00:00:37,320 Speaker 3: her on that one. Don't forget we are now getting 13 00:00:37,320 --> 00:00:43,600 Speaker 3: closer and closer to a possible federal criminal felony trial 14 00:00:43,840 --> 00:00:49,599 Speaker 3: against the currently leading presidential contender for the Republicans. Were 15 00:00:49,600 --> 00:00:53,479 Speaker 3: also going to have, speaking of presidential contenders, vivike Ramaswami's on. 16 00:00:53,600 --> 00:00:55,680 Speaker 3: He's got some very interesting things he wants to bring 17 00:00:55,760 --> 00:00:58,440 Speaker 3: to your attention. He reached out to guys, we got 18 00:00:58,480 --> 00:01:01,400 Speaker 3: to talk about this. We said, Vivec, let's do it. 19 00:01:02,640 --> 00:01:06,320 Speaker 3: And so here we are. We've got that to dive 20 00:01:06,360 --> 00:01:11,440 Speaker 3: into together. Also, Biden tells eight hundred and thirteen thousand 21 00:01:11,440 --> 00:01:13,720 Speaker 3: more Americans he has wiped their student loan dead. 22 00:01:13,800 --> 00:01:15,280 Speaker 2: This was an interesting one today. 23 00:01:15,600 --> 00:01:19,679 Speaker 3: You're just going to see more and more of this. 24 00:01:20,440 --> 00:01:24,200 Speaker 3: You're going to see the usage of your taxpayer dollars 25 00:01:24,240 --> 00:01:28,080 Speaker 3: to bribe different constituencies to try to vote Democrat, something 26 00:01:28,120 --> 00:01:30,800 Speaker 3: we can certainly discuss in greater detail. 27 00:01:31,360 --> 00:01:32,320 Speaker 2: An interesting twist. 28 00:01:32,360 --> 00:01:34,240 Speaker 3: I'm gonna leave this one for Clay to set up 29 00:01:34,280 --> 00:01:37,760 Speaker 3: it a little bit on the I don't even know 30 00:01:37,760 --> 00:01:40,679 Speaker 3: if we can call it a controversy because it's so 31 00:01:40,920 --> 00:01:43,600 Speaker 3: stupid and so far from a controversy. But it was 32 00:01:43,640 --> 00:01:48,440 Speaker 3: a vicious attack on a young boy who dressed as 33 00:01:48,720 --> 00:01:54,080 Speaker 3: a Kansas City chief at a football game, had black 34 00:01:54,200 --> 00:01:59,000 Speaker 3: and red paint on his face, and some sheer just 35 00:02:00,120 --> 00:02:04,520 Speaker 3: unbelievable imbecile said that this was a version of blackface 36 00:02:04,560 --> 00:02:07,840 Speaker 3: and therefore there should be NFL sanctions of some kind 37 00:02:07,880 --> 00:02:08,480 Speaker 3: against the family. 38 00:02:08,520 --> 00:02:09,120 Speaker 2: It was insane. 39 00:02:09,400 --> 00:02:11,679 Speaker 3: Turns out not only are people all backing up the 40 00:02:11,680 --> 00:02:14,840 Speaker 3: boy and his family, but also there's a twist in 41 00:02:14,919 --> 00:02:16,840 Speaker 3: that story. I'm gonna leave that one for Clay, though, 42 00:02:16,880 --> 00:02:19,320 Speaker 3: because there's it gets better, folks. 43 00:02:19,639 --> 00:02:22,200 Speaker 2: The good guys are winning and it gets better. 44 00:02:22,360 --> 00:02:24,440 Speaker 3: But I want to start with this one today, Clay, 45 00:02:24,440 --> 00:02:27,799 Speaker 3: because tomorrow we'll be diving into this quite a bit, 46 00:02:29,040 --> 00:02:30,880 Speaker 3: and it's going to be I think a moment in 47 00:02:30,919 --> 00:02:33,440 Speaker 3: time where we maybe take a little bit of a 48 00:02:33,480 --> 00:02:37,560 Speaker 3: pause from looking at the Republican primary and also talking 49 00:02:37,600 --> 00:02:41,200 Speaker 3: about Biden's long term prospects and look more at the 50 00:02:41,680 --> 00:02:45,360 Speaker 3: state by state phenomena that are going on in this 51 00:02:45,440 --> 00:02:49,399 Speaker 3: country right now. Red Versus Blue Wall Street Journal has 52 00:02:49,440 --> 00:02:54,400 Speaker 3: this opinion piece up DeSantis versus Newsome a scorecard. Here's 53 00:02:54,440 --> 00:02:57,760 Speaker 3: a cheat sheet to keep track of Thursday's debate. And 54 00:02:58,280 --> 00:03:01,440 Speaker 3: you look at this and it breaks down the numbers employment. 55 00:03:01,720 --> 00:03:05,160 Speaker 3: For example, employment since January twenty nineteen has increased by 56 00:03:05,160 --> 00:03:07,840 Speaker 3: a million in Florida while declining by eighty five thousand 57 00:03:08,240 --> 00:03:12,799 Speaker 3: in California. Unemployment despite a shrinking labor force. California's four 58 00:03:12,840 --> 00:03:15,359 Speaker 3: point eight percent job this rate is the second highest 59 00:03:15,440 --> 00:03:18,800 Speaker 3: in the country and nearly twice as highest floor. As 60 00:03:18,840 --> 00:03:20,400 Speaker 3: you go down the list, I can't go through all 61 00:03:20,440 --> 00:03:25,360 Speaker 3: of it right now, except in every metric where everything 62 00:03:25,360 --> 00:03:30,200 Speaker 3: where you could look at numbers, Yes, Florida beats the 63 00:03:30,200 --> 00:03:33,519 Speaker 3: the you know, the absolute tail off of California, I 64 00:03:33,560 --> 00:03:39,000 Speaker 3: mean just absolutely crushes it. Right, And yet people still 65 00:03:39,040 --> 00:03:42,119 Speaker 3: talk about Gavin Newsom as a likely Democrat presidential contender. 66 00:03:42,240 --> 00:03:44,320 Speaker 3: Are we at the point now where ideology is so 67 00:03:44,440 --> 00:03:47,320 Speaker 3: strong in the Blue states that results don't matter. 68 00:03:47,880 --> 00:03:51,080 Speaker 4: Yes, And that's one of the scariest things to me 69 00:03:51,280 --> 00:03:53,360 Speaker 4: about where we are is a nation. Let me hit 70 00:03:53,440 --> 00:03:56,080 Speaker 4: you with two more stats here that I think really 71 00:03:56,160 --> 00:03:57,440 Speaker 4: kind of go to the essence of this. 72 00:03:58,000 --> 00:04:01,600 Speaker 5: You live in Florida. Now, Florida has really. 73 00:04:01,320 --> 00:04:05,000 Speaker 4: Good weather, Buck, wouldn't you expect that there would be 74 00:04:05,560 --> 00:04:11,200 Speaker 4: massive amounts of homelessness on the streets Miami, Tampa, Orlando, 75 00:04:11,920 --> 00:04:14,839 Speaker 4: South Florida where the weather is really good. This one 76 00:04:14,920 --> 00:04:18,960 Speaker 4: jumped out at me. Federal government counted one hundred and 77 00:04:19,120 --> 00:04:22,680 Speaker 4: seventy one thousand, five hundred and twenty one homeless people 78 00:04:22,680 --> 00:04:27,840 Speaker 4: in California last year versus twenty five thousand, nine hundred 79 00:04:28,040 --> 00:04:34,080 Speaker 4: and fifty nine in Florida. And they've effectively did criminalized 80 00:04:34,160 --> 00:04:36,560 Speaker 4: drug use, which makes it harder to force attics on 81 00:04:36,640 --> 00:04:40,080 Speaker 4: the street into treatment. Now, per capita, Florida has a 82 00:04:40,120 --> 00:04:45,320 Speaker 4: smaller population than California, but even adjusted per capita, California 83 00:04:45,400 --> 00:04:48,839 Speaker 4: has way more homeless people. And I know for a 84 00:04:48,880 --> 00:04:51,040 Speaker 4: lot of you out there listening to me right now 85 00:04:51,080 --> 00:04:56,000 Speaker 4: who are in southern California, there are many great neighborhoods 86 00:04:56,000 --> 00:05:00,360 Speaker 4: in southern California that have been totally taken over on 87 00:05:00,400 --> 00:05:05,440 Speaker 4: the beachside community Santa Monica, for instance, Venice with a 88 00:05:05,560 --> 00:05:08,880 Speaker 4: huge number of homeless people, even all the way down 89 00:05:08,920 --> 00:05:11,919 Speaker 4: the coast into Orange County for instance. It's a major 90 00:05:12,000 --> 00:05:15,120 Speaker 4: quality of life issue. I would just wonder what is 91 00:05:15,200 --> 00:05:19,039 Speaker 4: Florida doing Again, I'm comparing South Florida, which has great weather, 92 00:05:19,120 --> 00:05:22,440 Speaker 4: with Southern California, which has very good weather too. What 93 00:05:22,600 --> 00:05:26,200 Speaker 4: is Florida doing that they have so many fewer homeless 94 00:05:26,240 --> 00:05:29,520 Speaker 4: people taking over streets? That should be something that's studied. 95 00:05:29,560 --> 00:05:32,400 Speaker 4: I mean you've probably noticed that as someone who lives 96 00:05:32,440 --> 00:05:35,880 Speaker 4: in South Florida now, Buck, there's almost no one of 97 00:05:35,920 --> 00:05:38,400 Speaker 4: a substantial numbers that are homeless in Miami. 98 00:05:38,800 --> 00:05:41,279 Speaker 5: Compare it to La. It's night and day. 99 00:05:42,240 --> 00:05:47,920 Speaker 3: Well, it all ties in together. The phenomenon of homelessness 100 00:05:48,440 --> 00:05:52,760 Speaker 3: and urban decay in California is tied directly to if 101 00:05:52,800 --> 00:05:55,559 Speaker 3: you have to think of these as all interlinked, they 102 00:05:56,360 --> 00:05:59,560 Speaker 3: have effectively decriminalized. I mean, you can start with San Francisco. 103 00:06:00,040 --> 00:06:01,680 Speaker 3: I'mwhat true of La as well, though you know the 104 00:06:01,680 --> 00:06:03,480 Speaker 3: cities are a little bit different in how they're approaching 105 00:06:03,520 --> 00:06:08,520 Speaker 3: this and then statewide overall. It's true they have largely 106 00:06:08,560 --> 00:06:11,560 Speaker 3: decriminalized drug use in public, right, So start with that. 107 00:06:12,000 --> 00:06:12,760 Speaker 2: So what does that do. 108 00:06:12,880 --> 00:06:14,839 Speaker 3: Well, now you've got you've got weather where you could 109 00:06:14,839 --> 00:06:17,640 Speaker 3: effectively camp outside year round if you. 110 00:06:17,600 --> 00:06:20,920 Speaker 4: Were homeless, right, But if you were homeless, you would think, 111 00:06:21,040 --> 00:06:22,760 Speaker 4: I'm going to try to get to the place that 112 00:06:22,920 --> 00:06:25,080 Speaker 4: is the most comfortable, where I'm not going to freeze 113 00:06:25,120 --> 00:06:27,279 Speaker 4: to death, right, Like that would be if you tried to. 114 00:06:27,640 --> 00:06:33,039 Speaker 3: Camp outside of the streets of you know, Helena, Montana, 115 00:06:33,200 --> 00:06:36,320 Speaker 3: for example, It's going to be a really rough January. Right, 116 00:06:36,600 --> 00:06:38,520 Speaker 3: That's that's not going to work. So you can't do that. 117 00:06:38,680 --> 00:06:40,599 Speaker 3: But you can do it California, you can do in Florida. Okay, 118 00:06:40,640 --> 00:06:43,520 Speaker 3: So then what all ties in together. They've decriminalized drug 119 00:06:43,640 --> 00:06:47,680 Speaker 3: use in public. The drug users then to and keep 120 00:06:47,720 --> 00:06:50,080 Speaker 3: in mind that these are people overwhelmingly when we talk 121 00:06:50,120 --> 00:06:54,760 Speaker 3: of homeless the old model of homelessness from like the 122 00:06:54,800 --> 00:06:56,839 Speaker 3: eighties and nineties, and I had I had a grandfather 123 00:06:56,920 --> 00:06:59,480 Speaker 3: actually has a school for disadvantaged children named after him 124 00:06:59,480 --> 00:07:01,800 Speaker 3: in the Bronx, New York, and he did a lot 125 00:07:01,800 --> 00:07:04,280 Speaker 3: of work with the homeless population New York. The older 126 00:07:04,320 --> 00:07:07,000 Speaker 3: model was people talk about someone lost their job and 127 00:07:07,040 --> 00:07:08,640 Speaker 3: they lost their house, We got to get them back 128 00:07:08,640 --> 00:07:10,880 Speaker 3: on their feet, or this family's down on their luck, 129 00:07:10,920 --> 00:07:16,320 Speaker 3: and there are actually pretty substantial resources, certainly in places 130 00:07:16,320 --> 00:07:18,720 Speaker 3: like New York and Los Angeles to help someone who 131 00:07:19,280 --> 00:07:21,160 Speaker 3: is down on their luck for a period. When you're 132 00:07:21,200 --> 00:07:25,720 Speaker 3: talking about the homeless population, you're really talking about vagrants. 133 00:07:25,760 --> 00:07:28,400 Speaker 3: Many of them are vagrants by choice, meaning that they're 134 00:07:28,400 --> 00:07:31,840 Speaker 3: people that are effectively choosing to be unhoused so they 135 00:07:32,080 --> 00:07:34,520 Speaker 3: can do drugs and have drug addictions. That is the 136 00:07:34,640 --> 00:07:37,640 Speaker 3: overwhelming This is by the numbers, seventy eighty percent plus, 137 00:07:37,680 --> 00:07:40,080 Speaker 3: maybe more like ninety percent plus of the people you're 138 00:07:40,080 --> 00:07:42,720 Speaker 3: talking about. So this isn't someone who lost their job 139 00:07:42,720 --> 00:07:44,320 Speaker 3: and lost their house, right, So then, Clay, they got 140 00:07:44,320 --> 00:07:45,040 Speaker 3: to feed the habit. 141 00:07:45,280 --> 00:07:47,160 Speaker 2: What do they do? They sell drugs. 142 00:07:47,640 --> 00:07:50,600 Speaker 3: So now they're selling drugs to people, so they're expanding 143 00:07:50,600 --> 00:07:54,280 Speaker 3: the population of likely drug addicted homeless in these areas. 144 00:07:54,720 --> 00:07:57,360 Speaker 3: And then they start stealing. They don't enforce the laws 145 00:07:57,400 --> 00:08:00,240 Speaker 3: on theft in stores, and so then they steal to 146 00:08:00,280 --> 00:08:02,560 Speaker 3: buy the drugs. And then if that doesn't work, they 147 00:08:02,600 --> 00:08:05,160 Speaker 3: just start robbing people and you know having you know, 148 00:08:05,880 --> 00:08:08,280 Speaker 3: going crazy because they're doing all these drugs. This is 149 00:08:08,360 --> 00:08:11,880 Speaker 3: all very understandable how this happens. Gavin Newsom, though, is like, yeah, 150 00:08:11,880 --> 00:08:13,280 Speaker 3: it's really a conundrum. 151 00:08:14,200 --> 00:08:17,680 Speaker 4: And then I love the evil Keanu Reeves, says Gavin Newsom. 152 00:08:17,720 --> 00:08:21,280 Speaker 4: Here's the other one that I flagged. The number one 153 00:08:21,520 --> 00:08:25,160 Speaker 4: way to determine I think whether things are going well 154 00:08:25,200 --> 00:08:29,400 Speaker 4: in a state or not is population. If things are 155 00:08:29,400 --> 00:08:31,440 Speaker 4: going well, more people want to live there. If things 156 00:08:31,480 --> 00:08:34,720 Speaker 4: are going poorly, less people want to live there. Between 157 00:08:35,040 --> 00:08:39,520 Speaker 4: July twenty nineteen and July twenty twenty two, again, this 158 00:08:39,559 --> 00:08:43,640 Speaker 4: is the Wall Street Journal latest available census data, one 159 00:08:43,720 --> 00:08:49,040 Speaker 4: point four four million Californians left for other states. Now, buck, 160 00:08:49,080 --> 00:08:52,800 Speaker 4: this is an important data point. The population in California 161 00:08:53,280 --> 00:08:57,320 Speaker 4: went up every year since it became a state in 162 00:08:57,440 --> 00:09:01,040 Speaker 4: eighteen fifty, all the way up to twenty twenty. Think 163 00:09:01,040 --> 00:09:03,199 Speaker 4: about how wild that is as a stat What is 164 00:09:03,200 --> 00:09:07,200 Speaker 4: that one hundred and seventy years the population of California 165 00:09:07,320 --> 00:09:12,720 Speaker 4: only grew. Gavin Newsom becomes governor COVID restrictions, they suddenly 166 00:09:12,800 --> 00:09:18,640 Speaker 4: lose a million people simultaneously. Florida has gained seven hundred 167 00:09:18,840 --> 00:09:21,760 Speaker 4: and thirty seven people, and that goes to We've talked 168 00:09:21,760 --> 00:09:25,040 Speaker 4: a lot about this with New York City. California lost 169 00:09:25,600 --> 00:09:30,520 Speaker 4: fifty five point seven billion dollars in adjusted gross income 170 00:09:30,640 --> 00:09:34,960 Speaker 4: between nineteen and twenty one from that population, while Florida 171 00:09:35,040 --> 00:09:39,520 Speaker 4: gained eighty point six billion dollars. Florida is getting better, 172 00:09:40,000 --> 00:09:43,320 Speaker 4: California is getting worse, and that cycle seems to be 173 00:09:43,480 --> 00:09:47,520 Speaker 4: perpetuating itself. I think the comparison between these two states 174 00:09:47,559 --> 00:09:50,679 Speaker 4: is utterly fascinating, which is why that debate with Hannity 175 00:09:50,679 --> 00:09:52,960 Speaker 4: tomorrow on Fox News is going to be I think 176 00:09:52,960 --> 00:09:55,600 Speaker 4: for people who watch it so eye opening in terms 177 00:09:55,640 --> 00:09:56,040 Speaker 4: of data. 178 00:09:56,559 --> 00:10:01,480 Speaker 3: Yes, and you obviously have two very ambitious and widely 179 00:10:01,520 --> 00:10:06,960 Speaker 3: recognized governors who are ideologically, you know, very much aligned. 180 00:10:07,000 --> 00:10:08,719 Speaker 3: You know, there's like Larry Hogan, people talking with the 181 00:10:08,720 --> 00:10:11,640 Speaker 3: governor Maryland. Is he even a Republican? Was he a Republican? No? 182 00:10:11,760 --> 00:10:12,080 Speaker 1: No, right. 183 00:10:12,280 --> 00:10:17,320 Speaker 3: DeSantis is clearly a conservative red governor, and Newsom is 184 00:10:17,360 --> 00:10:20,319 Speaker 3: a liberal blue governor. Though I hate the usage of 185 00:10:20,320 --> 00:10:23,360 Speaker 3: the term liberal for these authoritarian status but still he's 186 00:10:23,400 --> 00:10:26,320 Speaker 3: a leftist and I think that what you'll see here 187 00:10:26,360 --> 00:10:28,920 Speaker 3: in the debate tomorrow. But just it's playing out more 188 00:10:28,960 --> 00:10:31,400 Speaker 3: broadly all across the country and people see this and 189 00:10:31,440 --> 00:10:35,120 Speaker 3: a lot of our audience includes people who because of COVID, 190 00:10:35,559 --> 00:10:38,400 Speaker 3: And I think it's because COVID showed how much your 191 00:10:38,440 --> 00:10:39,680 Speaker 3: state government actually matters. 192 00:10:39,679 --> 00:10:42,000 Speaker 2: I'll be honest with you. We just kind of exit. 193 00:10:42,120 --> 00:10:43,720 Speaker 3: Like as a New Yorker growing up, you're like, well, 194 00:10:43,760 --> 00:10:45,959 Speaker 3: hopefully they keep the city clean and you know, they 195 00:10:46,000 --> 00:10:48,240 Speaker 3: back the cops. Other than that, our taxes are going 196 00:10:48,320 --> 00:10:49,800 Speaker 3: to be high. This place is a mess, but that's 197 00:10:49,840 --> 00:10:51,480 Speaker 3: the price you pay for being in New York City. 198 00:10:52,160 --> 00:10:54,240 Speaker 3: And then COVID came along and you're like, okay, so 199 00:10:54,320 --> 00:10:57,960 Speaker 3: this is actually an authoritarian uh you know, insane asylum 200 00:10:58,000 --> 00:11:00,960 Speaker 3: like this. People running this place are morems and there 201 00:11:01,880 --> 00:11:06,760 Speaker 3: they're somewhat dangerous actually to your freedom and your property, and. 202 00:11:06,760 --> 00:11:07,400 Speaker 2: So people move. 203 00:11:07,440 --> 00:11:10,440 Speaker 3: That happened to a lot of places across the country. Clay, 204 00:11:10,559 --> 00:11:13,960 Speaker 3: some of the Democrat response to this is all going 205 00:11:14,000 --> 00:11:16,400 Speaker 3: to be this is the cost you see this with 206 00:11:16,480 --> 00:11:21,200 Speaker 3: like California's emissions rules and environment you could just we 207 00:11:21,240 --> 00:11:22,839 Speaker 3: could do a whole three hour show on how messed 208 00:11:22,880 --> 00:11:27,599 Speaker 3: up California's environmentalist regulations and rules are effects dramatically. 209 00:11:27,679 --> 00:11:29,440 Speaker 2: The price of housing makes it. 210 00:11:29,520 --> 00:11:33,000 Speaker 3: Way more expensive for people to get housing in California 211 00:11:33,000 --> 00:11:35,920 Speaker 3: than it would otherwise be because you know, they're you know, 212 00:11:35,920 --> 00:11:38,040 Speaker 3: they got to do another study on like the delta 213 00:11:38,200 --> 00:11:40,439 Speaker 3: smelt or the three toad sloth or. 214 00:11:40,480 --> 00:11:42,120 Speaker 2: They don't have those there, but you get what I mean. 215 00:11:43,640 --> 00:11:45,640 Speaker 3: That would actually be pretty cool if they introduced sloths 216 00:11:45,640 --> 00:11:50,400 Speaker 3: into California. But they make these decisions out of ideology, 217 00:11:51,040 --> 00:11:53,080 Speaker 3: and they think that that's a price they pay to 218 00:11:53,120 --> 00:11:55,840 Speaker 3: be better people. That's certainly the case in California. That's 219 00:11:55,880 --> 00:11:58,600 Speaker 3: the California mentality. And this is I'm somebody who thought 220 00:11:58,600 --> 00:12:01,000 Speaker 3: about moving to la at one point. In the other 221 00:12:01,040 --> 00:12:05,320 Speaker 3: part of the Clay federal bailouts, that's the thing that 222 00:12:05,360 --> 00:12:07,960 Speaker 3: they really would love to be able to get to 223 00:12:08,040 --> 00:12:10,240 Speaker 3: where the federal government is kicking in more and more 224 00:12:10,320 --> 00:12:13,160 Speaker 3: money for these blue states. So then when you move 225 00:12:13,200 --> 00:12:15,240 Speaker 3: to Tennessee or you move to Texas, too bad, your 226 00:12:15,240 --> 00:12:17,679 Speaker 3: taxes are still going to prop up these failed states. 227 00:12:18,120 --> 00:12:23,520 Speaker 4: And that's happening because most state governments have to be balanced, 228 00:12:23,880 --> 00:12:27,600 Speaker 4: whereas the federal government can just evidently keep printing cash, 229 00:12:27,840 --> 00:12:30,679 Speaker 4: and so they give the bailout to the state governments, 230 00:12:30,960 --> 00:12:32,800 Speaker 4: which is what we saw a lot of. One more 231 00:12:32,880 --> 00:12:35,240 Speaker 4: data point here, buck to kind of put a bow 232 00:12:35,400 --> 00:12:40,400 Speaker 4: on this student learning. California spends forty five percent more 233 00:12:40,480 --> 00:12:46,200 Speaker 4: per pupil K through twelve, yet Florida is outperforming in 234 00:12:46,280 --> 00:12:49,120 Speaker 4: terms of the number of their students that are considered 235 00:12:49,160 --> 00:12:56,880 Speaker 4: proficient by a pretty substantial margin by the NAP. Again, 236 00:12:57,120 --> 00:12:59,640 Speaker 4: all of the data is going to be on Ron 237 00:12:59,679 --> 00:13:06,000 Speaker 4: to say aside tomorrow with Sean Hannity, I hope that 238 00:13:06,120 --> 00:13:10,839 Speaker 4: the data overwhelms what will likely be the glibness and 239 00:13:10,880 --> 00:13:17,440 Speaker 4: the smiliness and the California wine mom infatuation of Gavin Newsom. 240 00:13:17,480 --> 00:13:19,079 Speaker 2: Can I give you the preview of how this is 241 00:13:19,080 --> 00:13:21,240 Speaker 2: gonna go tomorrow? Thissantis is gonna sit up there. 242 00:13:21,240 --> 00:13:23,160 Speaker 3: He'sna be like, all right, so we are better on 243 00:13:23,679 --> 00:13:27,120 Speaker 3: education and employment and have lower taxes, and you know 244 00:13:27,160 --> 00:13:31,160 Speaker 3: we're instituting these policies and Florida's winning and all of 245 00:13:31,160 --> 00:13:33,679 Speaker 3: that is true. Then Gavin Newson's gonna be like, all right, 246 00:13:33,760 --> 00:13:35,400 Speaker 3: So we're a dystopian healthscape. 247 00:13:35,920 --> 00:13:37,480 Speaker 2: So we can't get crime or. 248 00:13:37,400 --> 00:13:40,360 Speaker 3: Homelessness under control, So our drug addiction is through the roof, 249 00:13:40,400 --> 00:13:41,800 Speaker 3: so our state's falling apart. 250 00:13:42,679 --> 00:13:44,920 Speaker 2: We're not about to turn this into the Handmaid's Tale. 251 00:13:45,160 --> 00:13:45,439 Speaker 3: Ron. 252 00:13:46,080 --> 00:13:48,319 Speaker 5: You know, we're not banning books. 253 00:13:48,640 --> 00:13:51,280 Speaker 4: We're not trying to restrict Yeah, like you know what 254 00:13:51,400 --> 00:13:52,640 Speaker 4: his line is, He's just. 255 00:13:52,600 --> 00:13:56,000 Speaker 2: Gonna go after him. I'm sorry, Ron, fascist says what 256 00:13:56,520 --> 00:13:58,240 Speaker 2: you know? And Rod gonna say, what you know? This 257 00:13:58,320 --> 00:13:59,880 Speaker 2: is what's gonna happen. It's just gonna be He's. 258 00:13:59,760 --> 00:14:02,720 Speaker 4: Gonna Here is one that I think crystallizes this in 259 00:14:02,760 --> 00:14:04,720 Speaker 4: addition to all these other facts. Buck and maybe we 260 00:14:04,800 --> 00:14:06,440 Speaker 4: mentioned this when we come back, and I'll bring it up, 261 00:14:07,200 --> 00:14:12,040 Speaker 4: Disney World versus disney Land. I think it's a compelling example. 262 00:14:12,800 --> 00:14:14,960 Speaker 4: I'll give you some of that data when we come back. 263 00:14:15,040 --> 00:14:20,200 Speaker 4: But disney World versus Disneyland epitomizes to me DeSantis versus 264 00:14:20,240 --> 00:14:23,600 Speaker 4: newsom right and wrong. As we came and continue to 265 00:14:23,680 --> 00:14:27,440 Speaker 4: recover from the excesses and failures of much of our 266 00:14:27,480 --> 00:14:28,960 Speaker 4: government during COVID. 267 00:14:29,440 --> 00:14:33,160 Speaker 3: We live in a world fast becoming influenced by artificial intelligence. 268 00:14:33,240 --> 00:14:34,720 Speaker 3: Some might say world. 269 00:14:34,560 --> 00:14:37,040 Speaker 2: Improved by AI. Time will tell. 270 00:14:37,040 --> 00:14:39,480 Speaker 3: Of course, there are risks too, but according to tech 271 00:14:39,520 --> 00:14:42,320 Speaker 3: expert Colin ted Ards, this is just the beginning of 272 00:14:42,360 --> 00:14:45,440 Speaker 3: a new era that could make you wealthier than ever before. 273 00:14:45,480 --> 00:14:47,920 Speaker 3: But you have to invest in the markets the right way. 274 00:14:48,320 --> 00:14:50,800 Speaker 3: And there's one mega tech company that is all in 275 00:14:50,840 --> 00:14:53,560 Speaker 3: on AI and Colin has been following it. This company 276 00:14:53,600 --> 00:14:57,080 Speaker 3: has spent over two hundred billion dollars on their AI project. 277 00:14:57,400 --> 00:15:00,320 Speaker 3: The CEO of this firm says AI will impact act 278 00:15:00,360 --> 00:15:03,560 Speaker 3: everything and AI may be bigger than the Internet itself. 279 00:15:04,000 --> 00:15:06,800 Speaker 3: Through Collins knowledge, he's found a little known supplier that's 280 00:15:06,800 --> 00:15:10,000 Speaker 3: delivering a key piece of technology making this new AI 281 00:15:10,080 --> 00:15:13,560 Speaker 3: project possible. He's confident anyone who gets shares in this 282 00:15:13,640 --> 00:15:16,960 Speaker 3: supplier today could see massive gains. But you need to 283 00:15:17,000 --> 00:15:19,640 Speaker 3: act now before it's too late. There's a fair amount 284 00:15:19,680 --> 00:15:22,400 Speaker 3: of activity around this company already. Get all the details 285 00:15:22,760 --> 00:15:26,800 Speaker 3: at new aiproject dot com. This could be a once 286 00:15:26,840 --> 00:15:29,960 Speaker 3: in a lifetime opportunity. Check out this website for yourself. 287 00:15:30,120 --> 00:15:34,360 Speaker 3: Newaiproject dot Com paid for by Brownstone Research. 288 00:15:35,240 --> 00:15:39,720 Speaker 1: The Torch of Truth past and still lit every day 289 00:15:40,480 --> 00:15:43,680 Speaker 1: The Clay Travis and Buck Sexton Show. Welcome Back in 290 00:15:43,800 --> 00:15:47,560 Speaker 1: Clay Travis buck Sexton Show. This is one that I 291 00:15:47,600 --> 00:15:51,360 Speaker 1: would like to see Sean Hannity focus on some in 292 00:15:51,440 --> 00:15:53,960 Speaker 1: the debate that he's gonna have between Gavin Newsom and 293 00:15:54,360 --> 00:15:57,640 Speaker 1: Ron DeSantis. I know you guy, we can pass this along, 294 00:15:58,400 --> 00:16:02,320 Speaker 1: might be able to be able to get there is 295 00:16:02,680 --> 00:16:06,120 Speaker 1: certainly going to be a Disney component. I would think 296 00:16:06,320 --> 00:16:10,800 Speaker 1: of this discussion because Disney is based primarily in the 297 00:16:11,080 --> 00:16:15,960 Speaker 1: LA area, but also has Disney World which is California, Florida, 298 00:16:16,040 --> 00:16:21,640 Speaker 1: and Disneyland, which is California. Just to remind everybody, disney 299 00:16:21,680 --> 00:16:27,800 Speaker 1: World in Florida reopened in July of twenty twenty, shut 300 00:16:27,800 --> 00:16:30,600 Speaker 1: down sometime in March, reopened to July of twenty twenty, 301 00:16:30,720 --> 00:16:34,520 Speaker 1: was only closed for a few months. Disney Land Buck 302 00:16:35,240 --> 00:16:39,720 Speaker 1: was closed all the way from March to April of 303 00:16:39,840 --> 00:16:44,120 Speaker 1: twenty twenty one, over a year. And when they finally 304 00:16:44,240 --> 00:16:49,320 Speaker 1: reopened Disneyland, they didn't allow anyone from outside the state 305 00:16:49,400 --> 00:16:54,480 Speaker 1: to visit and only allowed twenty five percent capacity. They 306 00:16:54,600 --> 00:16:57,840 Speaker 1: made that place stay closed for over a year. 307 00:16:57,880 --> 00:16:59,960 Speaker 4: Now people have come after Ron DeSantis on the left 308 00:17:00,040 --> 00:17:02,480 Speaker 4: left and said, oh, he's feuding with Disney. 309 00:17:02,520 --> 00:17:04,080 Speaker 5: He made Disney. 310 00:17:04,240 --> 00:17:09,240 Speaker 4: Billions and billions of dollars by allowing them and encouraging 311 00:17:09,280 --> 00:17:12,560 Speaker 4: them to reopen in July of twenty twenty. Now you 312 00:17:12,560 --> 00:17:16,840 Speaker 4: can focus on the daunts. Don't say gay controversy, but 313 00:17:16,960 --> 00:17:21,480 Speaker 4: if I'm running Disney, nobody was a better friend to 314 00:17:21,640 --> 00:17:25,840 Speaker 4: Disney at a desperate time of need than Ron DeSantis 315 00:17:25,960 --> 00:17:28,479 Speaker 4: was because he got Disney World reopened. You can get 316 00:17:28,520 --> 00:17:31,320 Speaker 4: on a plane, remember buck fly all the way from 317 00:17:31,320 --> 00:17:36,359 Speaker 4: California to Disney to Florida, go to Disney World, but 318 00:17:36,480 --> 00:17:38,720 Speaker 4: you weren't allowed to get in your car and drive 319 00:17:38,800 --> 00:17:42,480 Speaker 4: to disney Land. That to me epitomizes how broken the 320 00:17:42,520 --> 00:17:45,959 Speaker 4: decision making in the state of California really was. And 321 00:17:46,000 --> 00:17:49,080 Speaker 4: it does so by using two theme parks and the 322 00:17:49,119 --> 00:17:52,840 Speaker 4: diametrically opposed stories that they are opening enclosure tell. 323 00:17:53,000 --> 00:17:55,320 Speaker 3: The sad truth of it is Clay, a lot of 324 00:17:55,359 --> 00:18:00,280 Speaker 3: Democrats in the Blue States enjoyed the charity. They're like, 325 00:18:00,280 --> 00:18:02,960 Speaker 3: like one of the greatest joys you can give your 326 00:18:03,000 --> 00:18:07,160 Speaker 3: family the ability to relive your precious memories. That happens 327 00:18:07,160 --> 00:18:09,600 Speaker 3: with the help of Legacy Box, the company in Tennessee 328 00:18:09,680 --> 00:18:13,359 Speaker 3: that's digitally transferring memories from old videotapes and films onto 329 00:18:13,400 --> 00:18:16,679 Speaker 3: brand new digital files. 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It's a brand new 338 00:18:37,320 --> 00:18:40,399 Speaker 3: rediscovery for those memories you've stored away for a long time. 339 00:18:40,760 --> 00:18:43,120 Speaker 3: This is cyber Week at Legacy Box, so it's a 340 00:18:43,119 --> 00:18:45,200 Speaker 3: great time to get your box now. Remember you can 341 00:18:45,200 --> 00:18:47,040 Speaker 3: fill it up at your leisure and send it in 342 00:18:47,080 --> 00:18:50,080 Speaker 3: when you're ready. But get the deal now. Go to 343 00:18:50,200 --> 00:18:53,880 Speaker 3: legacybox dot com slash buck for an amazing sixty five 344 00:18:53,920 --> 00:18:57,880 Speaker 3: percent off their regular prices. That's Legacybox dot com slash 345 00:18:57,920 --> 00:19:00,000 Speaker 3: buck for sixty five percent. 346 00:19:00,240 --> 00:19:01,639 Speaker 6: All you know, if you look at history and you 347 00:19:01,800 --> 00:19:04,440 Speaker 6: opened a newspaper venu month of any year, and of 348 00:19:04,520 --> 00:19:07,680 Speaker 6: course there's always tough stuff going on, wars and depressions 349 00:19:07,720 --> 00:19:11,800 Speaker 6: and recessions. But if you look at this time and 350 00:19:11,960 --> 00:19:14,360 Speaker 6: was having in Ukraine at six hundred mile front, free 351 00:19:14,400 --> 00:19:20,119 Speaker 6: and democratic European nation, six hundred thousand casualties, huge humanitarian crisis, 352 00:19:20,240 --> 00:19:24,720 Speaker 6: NATO on the border of NATO, nuclear blackmail, and it's 353 00:19:24,720 --> 00:19:29,320 Speaker 6: affecting you know, all oil and gas, migration, food costs, 354 00:19:29,359 --> 00:19:33,000 Speaker 6: and all international military and economic relationships. 355 00:19:33,200 --> 00:19:34,000 Speaker 2: That's pretty tough. 356 00:19:34,160 --> 00:19:37,439 Speaker 6: And that was before the terrorist attack in Israel, and 357 00:19:37,480 --> 00:19:38,560 Speaker 6: so I look at those things. 358 00:19:38,560 --> 00:19:42,920 Speaker 2: It's kind of it's dangerous. We're at a rough time 359 00:19:43,000 --> 00:19:43,360 Speaker 2: right now. 360 00:19:43,520 --> 00:19:48,679 Speaker 3: That's that was Jamie Diamond, who is the CEO of 361 00:19:48,720 --> 00:19:52,560 Speaker 3: the biggest bank in the world, JP Morgan Chase. And 362 00:19:54,240 --> 00:19:57,080 Speaker 3: he's a probably I think he'd agree, he's an astute guy. 363 00:19:57,119 --> 00:19:59,960 Speaker 3: He's a smart guy to get to that place. He's 364 00:20:00,000 --> 00:20:03,000 Speaker 3: certainly understands the markets, the economy, and has to keep 365 00:20:03,000 --> 00:20:06,639 Speaker 3: an eye on international international affairs. And he's just saying 366 00:20:06,680 --> 00:20:10,120 Speaker 3: what we all see and know, which is that this 367 00:20:10,200 --> 00:20:12,600 Speaker 3: is this is a messy world we are dealing with. 368 00:20:13,000 --> 00:20:15,240 Speaker 3: I'll probably get into a little more of the Biden 369 00:20:15,320 --> 00:20:19,240 Speaker 3: administration's latest on the Israel Hamas war in the third. 370 00:20:19,040 --> 00:20:21,240 Speaker 2: Hour today, although we also have a guest. I think 371 00:20:21,560 --> 00:20:23,600 Speaker 2: is aveke third hour or is Julie k. 372 00:20:23,640 --> 00:20:26,120 Speaker 5: Vic's third hour. Julie Kelly's gonna be with us next hour. 373 00:20:26,240 --> 00:20:27,119 Speaker 2: We can talk to Viveka. 374 00:20:27,440 --> 00:20:29,679 Speaker 3: Talking to Viveke about Ukraine and Israel might make some 375 00:20:29,720 --> 00:20:35,000 Speaker 3: headlines Ukraine, you know, Comma and then Israel, so I 376 00:20:35,000 --> 00:20:38,720 Speaker 3: think that'll be interesting. Anyway, this is the moment, Claire, 377 00:20:38,760 --> 00:20:42,119 Speaker 3: where we start to see We're going to start to 378 00:20:42,119 --> 00:20:43,919 Speaker 3: see more and more, I believe, going to the end 379 00:20:43,960 --> 00:20:46,480 Speaker 3: of the year and then the new year. Some of 380 00:20:46,520 --> 00:20:51,840 Speaker 3: the Democrat plans to try to just grind out, however 381 00:20:51,880 --> 00:20:56,719 Speaker 3: they can some kind of victory for Biden, and then 382 00:20:56,760 --> 00:20:58,959 Speaker 3: they'll figure out who's really going to be president, you know, 383 00:20:59,080 --> 00:21:02,600 Speaker 3: going into twenty twenty. For once the ballots are counted, 384 00:21:02,680 --> 00:21:06,199 Speaker 3: however they're counted, however they're cast and you see this, 385 00:21:06,320 --> 00:21:10,040 Speaker 3: I think with the student loan plan here Biden, as 386 00:21:10,040 --> 00:21:11,480 Speaker 3: I said at the top of the show, eight hundred 387 00:21:11,480 --> 00:21:15,080 Speaker 3: and thirteen thousand more Americans have been told their student 388 00:21:15,119 --> 00:21:17,640 Speaker 3: loan debt is white. That's not really the appropriate term, 389 00:21:17,640 --> 00:21:19,800 Speaker 3: as we know, it's really just transferred. Now, this just 390 00:21:19,840 --> 00:21:24,640 Speaker 3: means that this is something that the debt transfers from 391 00:21:24,680 --> 00:21:26,720 Speaker 3: one to another, in this case transfers. 392 00:21:26,280 --> 00:21:29,120 Speaker 2: To the taxpayers overall. 393 00:21:30,119 --> 00:21:34,040 Speaker 3: So he's forgiven a total of one hundred and twenty 394 00:21:34,040 --> 00:21:38,320 Speaker 3: seven billion dollars for three point five million borrowers. Now 395 00:21:38,359 --> 00:21:43,080 Speaker 3: I just note Clay. You know, Biden did much better 396 00:21:43,280 --> 00:21:47,160 Speaker 3: than Trump did with with particularly the young cohort of voters, 397 00:21:47,200 --> 00:21:49,320 Speaker 3: like twenty to thirty, twenty to thirty five. That's an 398 00:21:49,320 --> 00:21:52,199 Speaker 3: area of strength for him, And it seems to me 399 00:21:52,240 --> 00:21:54,400 Speaker 3: this time around the plan is going to be there's 400 00:21:54,720 --> 00:21:56,439 Speaker 3: a lot of things that will do, but one of 401 00:21:56,440 --> 00:22:00,199 Speaker 3: them is just use the taxpayers money gun, take the 402 00:22:00,240 --> 00:22:04,679 Speaker 3: taxpayers credit card if you will, and just start start 403 00:22:04,720 --> 00:22:06,959 Speaker 3: going on a spending spree to buy off who they 404 00:22:06,960 --> 00:22:08,600 Speaker 3: need to buy off to get the votes they need. 405 00:22:09,000 --> 00:22:10,919 Speaker 4: Yeah, and you could see this was what was going 406 00:22:11,000 --> 00:22:15,560 Speaker 4: to happen when the Supreme Court struck down his initial 407 00:22:15,720 --> 00:22:19,399 Speaker 4: student loan relief. And again, it isn't actually relief, It 408 00:22:19,440 --> 00:22:23,960 Speaker 4: isn't actually forgiveness. Anybody who uses that term is not 409 00:22:24,160 --> 00:22:27,920 Speaker 4: being honest with the audience that is reading. What happens 410 00:22:28,040 --> 00:22:32,679 Speaker 4: is somebody else's debt obligations that they took out to 411 00:22:32,840 --> 00:22:37,760 Speaker 4: receive an individual benefit and education is then put onto 412 00:22:37,920 --> 00:22:42,119 Speaker 4: you and me and everybody else out there who either 413 00:22:42,520 --> 00:22:46,280 Speaker 4: never took out loans on our own educational behalf or 414 00:22:47,200 --> 00:22:48,280 Speaker 4: paid them off like I did. 415 00:22:48,280 --> 00:22:48,480 Speaker 5: Buck. 416 00:22:48,520 --> 00:22:50,800 Speaker 4: I didn't pay off all my law school loans until 417 00:22:50,840 --> 00:22:53,120 Speaker 4: I think I was thirty seven or thirty eight years old. 418 00:22:54,240 --> 00:22:56,639 Speaker 4: Not uncommon. By the way, there are many of you 419 00:22:56,720 --> 00:22:59,080 Speaker 4: out there listening to me right now, I'm sure, who 420 00:22:59,080 --> 00:23:02,240 Speaker 4: have been paying off debts that you accrued an education 421 00:23:02,440 --> 00:23:06,480 Speaker 4: or graduate school or wherever you may have gone for decades, 422 00:23:07,440 --> 00:23:11,280 Speaker 4: and that's not uncommon. So you paid your debts. Many 423 00:23:11,320 --> 00:23:14,960 Speaker 4: of you will have paid for kids and grandkids based 424 00:23:14,960 --> 00:23:18,000 Speaker 4: on the fact that you saved up to be able 425 00:23:18,040 --> 00:23:21,199 Speaker 4: to take care of your family's own educational needs. You 426 00:23:21,280 --> 00:23:24,080 Speaker 4: may have paid off kids or grandkids loans to try 427 00:23:24,119 --> 00:23:27,679 Speaker 4: to make their lives better with your personal savings. And 428 00:23:27,720 --> 00:23:29,760 Speaker 4: now the federal government comes in and says, hey, we're 429 00:23:29,800 --> 00:23:30,879 Speaker 4: just gonna wipe all this clean. 430 00:23:31,760 --> 00:23:33,800 Speaker 5: And you now, meaning you, me and. 431 00:23:33,760 --> 00:23:36,320 Speaker 4: Everybody else out there who never took out these debts 432 00:23:36,760 --> 00:23:39,280 Speaker 4: have even more debt to have to pay off. And 433 00:23:39,680 --> 00:23:44,480 Speaker 4: it's all a game designed to allow Democrats to stay. 434 00:23:44,560 --> 00:23:49,240 Speaker 4: To all of these younger borrowers in their twenties and thirties, 435 00:23:49,640 --> 00:23:53,520 Speaker 4: Joe Biden cares about your financial situation. He's going to 436 00:23:53,560 --> 00:23:57,560 Speaker 4: take away your debt. And then the Supreme Court strikes 437 00:23:57,560 --> 00:23:59,320 Speaker 4: it down. And what do they say, Oh, it's the big, 438 00:23:59,320 --> 00:24:02,600 Speaker 4: bad republics and the Supreme Court, many of whom were 439 00:24:02,600 --> 00:24:06,440 Speaker 4: appointed by Donald Trump. That won't allow you to get 440 00:24:06,480 --> 00:24:09,600 Speaker 4: out of the debt that you yourself created. And ultimately, 441 00:24:09,640 --> 00:24:13,359 Speaker 4: this is just an abdication of individual responsibility, which is 442 00:24:13,440 --> 00:24:17,440 Speaker 4: the foundation now of much of the left's ideology, that 443 00:24:17,560 --> 00:24:21,119 Speaker 4: you are not responsible for your own choices, but instead 444 00:24:21,400 --> 00:24:26,800 Speaker 4: that there's a collectivist group that should take on your responsibility. 445 00:24:27,240 --> 00:24:32,240 Speaker 3: And why should people? I mean, let's look at it 446 00:24:32,280 --> 00:24:35,320 Speaker 3: this way. People are struggling right now if they've bought 447 00:24:35,480 --> 00:24:37,679 Speaker 3: bought houses recently, or bought a home to live in 448 00:24:37,720 --> 00:24:39,520 Speaker 3: because of the mortgage rate. The mortgage rate is a 449 00:24:39,520 --> 00:24:43,000 Speaker 3: function entirely of government policy. This is fed decision making, 450 00:24:43,600 --> 00:24:47,040 Speaker 3: and it's fed decision making in response to overspending that 451 00:24:47,080 --> 00:24:48,960 Speaker 3: the government did. So you can make a case that 452 00:24:49,000 --> 00:24:52,280 Speaker 3: people that are getting crushed by mortgage payments right now, 453 00:24:52,320 --> 00:24:56,840 Speaker 3: who can afford truly half the house value now that. 454 00:24:56,800 --> 00:24:59,679 Speaker 2: They could of two or three years ago based. 455 00:24:59,440 --> 00:25:03,119 Speaker 3: On the RACHE on a month to month basis, you know, 456 00:25:03,119 --> 00:25:03,960 Speaker 3: where's their relief? 457 00:25:04,000 --> 00:25:04,080 Speaker 5: Right? 458 00:25:04,080 --> 00:25:06,200 Speaker 3: I mean, you start to say, why are we privileging? 459 00:25:06,240 --> 00:25:09,119 Speaker 3: I mean, I understand the argument. They say, well, you know, 460 00:25:09,160 --> 00:25:11,480 Speaker 3: we encourage people to go to college, and then the 461 00:25:11,560 --> 00:25:14,960 Speaker 3: debt isn't dischargeable, and credit card debt isn't really dischargeable 462 00:25:14,960 --> 00:25:17,480 Speaker 3: these days either. It's very hard and people are putting 463 00:25:17,480 --> 00:25:22,639 Speaker 3: on credit cards now, food, clothing, gasoline. So you know, 464 00:25:22,680 --> 00:25:24,639 Speaker 3: we don't want people running around naked and starving the 465 00:25:24,680 --> 00:25:26,560 Speaker 3: death in America. So why don't we just wipe away 466 00:25:26,600 --> 00:25:27,320 Speaker 3: credit card debt. 467 00:25:28,240 --> 00:25:31,280 Speaker 4: Not only that, the housing situation is I think a 468 00:25:31,359 --> 00:25:35,360 Speaker 4: ticking time bomb, and not only commercial real estate, which 469 00:25:35,359 --> 00:25:38,120 Speaker 4: you've heard us talking about, which is also a major issue. 470 00:25:38,560 --> 00:25:42,240 Speaker 5: But let me just give you a rough approximation. We 471 00:25:42,359 --> 00:25:46,240 Speaker 5: are selling now fewer homes than we have in decades, 472 00:25:46,880 --> 00:25:49,280 Speaker 5: and part of that is the mortgage rates being up 473 00:25:49,359 --> 00:25:51,879 Speaker 5: seven to eight percent, as many of you out there know. 474 00:25:52,680 --> 00:25:56,200 Speaker 5: But also it is not leading to a decline in prices. 475 00:25:56,920 --> 00:26:00,000 Speaker 5: We're selling fewer and fewer homes, but prices are continued 476 00:26:00,520 --> 00:26:02,240 Speaker 5: to tick up. I think they were up three point 477 00:26:02,280 --> 00:26:04,560 Speaker 5: nine percent on average in the past year. Why is 478 00:26:04,600 --> 00:26:09,879 Speaker 5: that because the supply of available housing is not where 479 00:26:09,880 --> 00:26:13,680 Speaker 5: it should be, because so many people are fortunate enough 480 00:26:13,720 --> 00:26:16,520 Speaker 5: to have low interest rates locked in that they're not 481 00:26:16,640 --> 00:26:19,560 Speaker 5: putting their houses on the market, and the people who 482 00:26:19,640 --> 00:26:22,800 Speaker 5: are putting their houses on the market are still getting 483 00:26:22,800 --> 00:26:26,240 Speaker 5: more money, which means many of you out there that 484 00:26:26,280 --> 00:26:29,680 Speaker 5: are renting right now are completely and utterly priced out 485 00:26:29,680 --> 00:26:32,200 Speaker 5: of being able to buy a home because the amount 486 00:26:32,240 --> 00:26:36,240 Speaker 5: that's required, in combination with continuing to rise housing prices 487 00:26:36,680 --> 00:26:41,640 Speaker 5: and interest rates, is leading to a devastating economic hit 488 00:26:41,680 --> 00:26:44,320 Speaker 5: on many people. And buck think about this for a minute. 489 00:26:44,400 --> 00:26:48,040 Speaker 4: What should happen when mortgage rates go up In a 490 00:26:48,200 --> 00:26:52,560 Speaker 4: rational and free environment, housing prices would come down because 491 00:26:52,600 --> 00:26:55,159 Speaker 4: the amount that people have to afford to pay for 492 00:26:55,240 --> 00:26:59,320 Speaker 4: housing is not growing at the rate that is required 493 00:26:59,400 --> 00:27:02,440 Speaker 4: with those more mortgage rates and also with the increased 494 00:27:02,440 --> 00:27:06,480 Speaker 4: in housing prices. But because mortgage rates accelerated so rapidly, 495 00:27:06,880 --> 00:27:08,439 Speaker 4: many people out there, and a lot of you are 496 00:27:08,480 --> 00:27:10,679 Speaker 4: listening to me right now, are not going to be 497 00:27:10,680 --> 00:27:12,800 Speaker 4: putting your house on the market because you can't bear 498 00:27:12,840 --> 00:27:14,480 Speaker 4: to give up your two and a half or three 499 00:27:14,520 --> 00:27:17,400 Speaker 4: percent mortgage to take on a seven percent or eight 500 00:27:17,400 --> 00:27:20,000 Speaker 4: percent mortgage, even if you would like to move because 501 00:27:20,040 --> 00:27:22,679 Speaker 4: you got new kids and they're starting school and you 502 00:27:22,680 --> 00:27:25,760 Speaker 4: want to be in a better school district, or maybe 503 00:27:25,760 --> 00:27:28,600 Speaker 4: you're elderly and your kids have moved out of your 504 00:27:28,600 --> 00:27:30,520 Speaker 4: home and you don't need the big house anymore that 505 00:27:30,600 --> 00:27:32,400 Speaker 4: you've got, and you'd like to be able to move, 506 00:27:32,760 --> 00:27:34,000 Speaker 4: but you're not going to give up that two and 507 00:27:34,040 --> 00:27:35,639 Speaker 4: a half percent mortgage. I've got a two and a 508 00:27:35,640 --> 00:27:39,359 Speaker 4: half percent mortgage. I haven't paid it off. I'm afraid 509 00:27:39,520 --> 00:27:41,560 Speaker 4: I want two and a half percent mortgage. I got 510 00:27:41,600 --> 00:27:43,600 Speaker 4: a two and a half percent mortgage and rate in 511 00:27:43,600 --> 00:27:47,320 Speaker 4: my house right now. I would be a madman to 512 00:27:47,440 --> 00:27:49,639 Speaker 4: pay off that two and a half percent mortgage that 513 00:27:49,680 --> 00:27:52,440 Speaker 4: I've got when mortgage rates are seven and a half 514 00:27:52,520 --> 00:27:54,480 Speaker 4: or eight percent, and a lot of you are in 515 00:27:54,920 --> 00:27:58,600 Speaker 4: a similar position to me, and that is curtailing the 516 00:27:58,680 --> 00:28:01,600 Speaker 4: overall availability of the in the entire nation. 517 00:28:01,920 --> 00:28:04,280 Speaker 3: Is in the treasury at like four percent four point 518 00:28:04,280 --> 00:28:07,199 Speaker 3: five percent right now ten year Treasury notes something like that. 519 00:28:07,359 --> 00:28:09,280 Speaker 4: Yeah, four point five I think in the and the 520 00:28:09,320 --> 00:28:11,520 Speaker 4: current rate is I think five point twenty five to 521 00:28:11,600 --> 00:28:14,680 Speaker 4: five point five percent in terms of what the Fed 522 00:28:14,720 --> 00:28:17,880 Speaker 4: Fund rate is. So again, they're probably gonna come down 523 00:28:17,920 --> 00:28:19,600 Speaker 4: because I think one of the ways that Biden's going 524 00:28:19,640 --> 00:28:22,520 Speaker 4: to try to juice the economy is they're going to 525 00:28:22,560 --> 00:28:25,639 Speaker 4: try to bring interest rates down, probably starting in the 526 00:28:25,680 --> 00:28:27,959 Speaker 4: spring I would bet on a couple of rate cuts 527 00:28:28,000 --> 00:28:31,320 Speaker 4: before the election, so Biden can argue, we beat inflation 528 00:28:31,440 --> 00:28:33,320 Speaker 4: and now we're bringing interest rates back down. 529 00:28:33,880 --> 00:28:34,000 Speaker 2: Uh. 530 00:28:34,200 --> 00:28:36,919 Speaker 4: But that is where we are, and many of you 531 00:28:37,040 --> 00:28:41,600 Speaker 4: are now handcuffed by the financial rapidity of the rise. 532 00:28:41,680 --> 00:28:44,160 Speaker 4: And this doesn't even get into buck I'm seeing this. 533 00:28:44,240 --> 00:28:48,400 Speaker 4: I've got some commercial real estate investments. There are lots 534 00:28:48,440 --> 00:28:52,320 Speaker 4: of banks out there that do not want to refinance 535 00:28:52,440 --> 00:28:55,600 Speaker 4: loans because they have got so much debt on their 536 00:28:55,600 --> 00:29:01,480 Speaker 4: books that is from an earlier era. They are avoiding 537 00:29:01,520 --> 00:29:04,880 Speaker 4: and trying to get out of commercial real estate exposure, 538 00:29:05,240 --> 00:29:08,680 Speaker 4: which is leading to many different properties out there that 539 00:29:08,760 --> 00:29:11,040 Speaker 4: rely on people to show up. And again, commercial real 540 00:29:11,120 --> 00:29:13,920 Speaker 4: estate was only fifty percent of people basically or even 541 00:29:13,960 --> 00:29:16,640 Speaker 4: going into the office. Now we got a ticking time 542 00:29:16,680 --> 00:29:19,800 Speaker 4: bomb going on there that is slowly going to reveal 543 00:29:19,840 --> 00:29:22,200 Speaker 4: itself as many of these low rates get wiped off 544 00:29:22,200 --> 00:29:25,520 Speaker 4: the books, and a lot of deals from a real 545 00:29:25,640 --> 00:29:31,520 Speaker 4: estate perspective don't paper at the rates of mortgage properties 546 00:29:31,520 --> 00:29:32,640 Speaker 4: that we're talking about right now. 547 00:29:32,680 --> 00:29:35,800 Speaker 3: Just every decision that the federal government makes in the 548 00:29:35,880 --> 00:29:41,160 Speaker 3: next year is going to be I mean, the entire 549 00:29:41,560 --> 00:29:45,240 Speaker 3: machinery of the federal government, including the FED, which I 550 00:29:45,280 --> 00:29:48,840 Speaker 3: know is independent, sure it is. It's all going to 551 00:29:48,880 --> 00:29:54,000 Speaker 3: be made to paper over and delay any reckoning of 552 00:29:54,080 --> 00:29:57,200 Speaker 3: what has been done to the economy and playing the 553 00:29:57,240 --> 00:30:00,080 Speaker 3: games with rates and the debt and everything else. So 554 00:30:00,840 --> 00:30:02,600 Speaker 3: just look at it that way, and I think you'll 555 00:30:02,840 --> 00:30:05,680 Speaker 3: be able to anticipate they will pull every lever they 556 00:30:05,720 --> 00:30:10,600 Speaker 3: have to confuse people or to mislead people about the 557 00:30:10,640 --> 00:30:13,520 Speaker 3: true strength of the economy so that Democrats can stay 558 00:30:13,520 --> 00:30:15,280 Speaker 3: in power. That will be the whole plan. 559 00:30:15,560 --> 00:30:17,880 Speaker 4: It's right, You're one hundred percent right about that, and 560 00:30:18,720 --> 00:30:20,080 Speaker 4: a lot of you out there are going to see 561 00:30:20,080 --> 00:30:23,760 Speaker 4: that that is totally broken. But in the meantime, look 562 00:30:23,800 --> 00:30:27,360 Speaker 4: out look. Saving money's good. We all commit to doing 563 00:30:27,440 --> 00:30:28,920 Speaker 4: so one way or another. A lot of you trying 564 00:30:28,960 --> 00:30:30,840 Speaker 4: to save money right now based on where the economy is, 565 00:30:30,880 --> 00:30:32,920 Speaker 4: based on what you're having to pay for housing costs. 566 00:30:33,080 --> 00:30:35,680 Speaker 4: There's a great app that's saving people money on gas, groceries, 567 00:30:35,720 --> 00:30:38,880 Speaker 4: restaurants called Upside. 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It tells you the gas stations or 577 00:31:04,280 --> 00:31:06,680 Speaker 4: the grocery stores closest to you. They give you money back, 578 00:31:06,880 --> 00:31:09,200 Speaker 4: and there's dozens and dozens of them to choose from. 579 00:31:09,480 --> 00:31:12,680 Speaker 4: Restaurant choices, whether it's Subway, Jersey, Mike, Starbucks list is 580 00:31:12,720 --> 00:31:16,760 Speaker 4: along very recognizable. In comparison to credit card rewards or 581 00:31:16,800 --> 00:31:20,160 Speaker 4: loyalty programs. You can earn three times more cash back 582 00:31:20,200 --> 00:31:23,560 Speaker 4: with Upside, probably why they have a four point eight 583 00:31:23,600 --> 00:31:26,920 Speaker 4: star rating on the app Store. Download the free Upside 584 00:31:26,920 --> 00:31:29,560 Speaker 4: app today and use our promo code Clay and Buck 585 00:31:29,640 --> 00:31:32,840 Speaker 4: for that extra twenty five cents back for every gallon 586 00:31:32,880 --> 00:31:34,600 Speaker 4: on your first tanket that of gas. 587 00:31:34,840 --> 00:31:37,760 Speaker 5: The Upside app great money saver all year long. 588 00:31:38,800 --> 00:31:42,840 Speaker 4: The Clay and Buck podcast deep dives with cool content 589 00:31:43,040 --> 00:31:44,080 Speaker 4: surprise guests. 590 00:31:44,360 --> 00:31:46,920 Speaker 1: Get it all on the iHeart app or wherever you 591 00:31:46,960 --> 00:31:48,080 Speaker 1: get your podcasts. 592 00:31:48,160 --> 00:31:52,200 Speaker 4: Welcome back in Clay Travis buck Sexton Show. Appreciate all 593 00:31:52,200 --> 00:31:55,400 Speaker 4: of you hanging out with us as we are rolling 594 00:31:55,560 --> 00:31:58,160 Speaker 4: through the Wednesday edition of the program. 595 00:31:58,240 --> 00:31:59,720 Speaker 5: Buck My good buddy, Mark Cuban. 596 00:31:59,720 --> 00:32:01,440 Speaker 4: I don't know if you paid attention to this story, 597 00:32:01,480 --> 00:32:05,440 Speaker 4: but it does have a political connection potentially. Mark Cuban 598 00:32:06,040 --> 00:32:11,240 Speaker 4: owns the Dallas Mavericks. On Monday, he stepped down from 599 00:32:11,280 --> 00:32:16,120 Speaker 4: his role on Shark Tank. Interesting intriguing perhaps, given that 600 00:32:16,120 --> 00:32:18,120 Speaker 4: that show has been on for a very long time, 601 00:32:18,840 --> 00:32:20,280 Speaker 4: and I believe he's been on that show, what do 602 00:32:20,560 --> 00:32:22,920 Speaker 4: you think a decade or more? Is that fair to 603 00:32:23,280 --> 00:32:25,479 Speaker 4: probably surmise that that show has been around, He's been 604 00:32:25,480 --> 00:32:25,760 Speaker 4: on it for. 605 00:32:25,800 --> 00:32:26,320 Speaker 5: A long time. 606 00:32:27,520 --> 00:32:33,840 Speaker 4: And so yesterday evening another story came out that Mark 607 00:32:33,960 --> 00:32:38,080 Speaker 4: Cuban was selling for three and a half billion dollars 608 00:32:38,720 --> 00:32:44,360 Speaker 4: his Dallas Mavericks team to the Adolson family. Sheldon Adelson, 609 00:32:44,360 --> 00:32:46,760 Speaker 4: I believe died in the last couple of years. Very 610 00:32:46,800 --> 00:32:52,920 Speaker 4: successful gambling based company. I think they own is It Stars. 611 00:32:53,320 --> 00:32:56,840 Speaker 4: I can't remember the names of the casinos. They have 612 00:32:56,880 --> 00:33:01,000 Speaker 4: a huge footprint in Macau, I believe certainly in Vegas 613 00:33:01,040 --> 00:33:05,160 Speaker 4: as well, and they are a multi billionaire family, and 614 00:33:05,240 --> 00:33:11,080 Speaker 4: so the talk is that in selling that franchise, they also, 615 00:33:11,120 --> 00:33:13,840 Speaker 4: by the way, the Adolsons among the biggest donors to 616 00:33:13,920 --> 00:33:18,000 Speaker 4: Donald Trump out there, in selling that team to the 617 00:33:18,040 --> 00:33:20,360 Speaker 4: Adolsons and Buck. This is me with a little bit 618 00:33:20,400 --> 00:33:23,960 Speaker 4: of expertise on this issue. I think this is probably 619 00:33:24,000 --> 00:33:27,760 Speaker 4: also connected to sports gambling. Texas does not yet allow 620 00:33:27,880 --> 00:33:33,200 Speaker 4: sports gambling legally, but there is talk that individual Texas 621 00:33:33,240 --> 00:33:37,600 Speaker 4: Pro sports teams may be able to get licenses. So, 622 00:33:37,720 --> 00:33:41,000 Speaker 4: for instance, Jerry Jones with the Dallas Cowboys. I think 623 00:33:41,000 --> 00:33:44,560 Speaker 4: the Adolson's probably buying the Dallas Mavericks with a connection 624 00:33:45,000 --> 00:33:48,800 Speaker 4: to sports gambling in the future, potentially in play. That 625 00:33:48,840 --> 00:33:52,240 Speaker 4: would be my analysis of this. I don't know them personally, 626 00:33:52,680 --> 00:33:56,680 Speaker 4: but regardless of what the motivations might be for them 627 00:33:56,720 --> 00:34:00,840 Speaker 4: to buy Buck, there is talk that the reason and 628 00:34:00,880 --> 00:34:05,240 Speaker 4: Mark Cuban is selling this franchise pocketing billions of dollars 629 00:34:05,720 --> 00:34:09,319 Speaker 4: is because he is preparing a third party bid to 630 00:34:09,440 --> 00:34:14,479 Speaker 4: run for president of the United States. So now maybe 631 00:34:14,480 --> 00:34:16,480 Speaker 4: he would be on the no Labels ticket. The no 632 00:34:16,640 --> 00:34:20,000 Speaker 4: Labels ticket has raised tens of millions of dollars. They've 633 00:34:20,000 --> 00:34:24,040 Speaker 4: talked about Joe Manchin, former or soon to be leaving 634 00:34:24,120 --> 00:34:27,759 Speaker 4: senator from West Virginia. They've talked about Larry Hogan, the 635 00:34:27,800 --> 00:34:33,440 Speaker 4: former Republican governor from from Maryland. But could Mark Cuban 636 00:34:33,520 --> 00:34:38,160 Speaker 4: be setting up a Mayor Bloomberg like presidential run and 637 00:34:38,280 --> 00:34:41,279 Speaker 4: be willing to spend potentially what did Bloomberg spending buck? 638 00:34:41,360 --> 00:34:44,839 Speaker 4: Was it a billion dollars basically on his presidential run 639 00:34:44,880 --> 00:34:45,960 Speaker 4: back in twenty twenty. 640 00:34:46,160 --> 00:34:48,840 Speaker 5: I mean he just went and paid for everything. 641 00:34:49,440 --> 00:34:54,520 Speaker 4: Could this be a billionaire running for president move by 642 00:34:54,560 --> 00:34:58,439 Speaker 4: Mark Cuban with both Trump and Biden trying to run 643 00:34:58,480 --> 00:35:00,640 Speaker 4: between the two of them by this, what do you 644 00:35:00,680 --> 00:35:01,319 Speaker 4: think is going on? 645 00:35:02,560 --> 00:35:05,759 Speaker 3: I mean, it's it's so hard to know in advance here, 646 00:35:05,760 --> 00:35:09,239 Speaker 3: It's so hard to understand exactly what the plans of 647 00:35:09,280 --> 00:35:12,120 Speaker 3: a billionaire like Mark Cuban would would be in the situation. 648 00:35:12,800 --> 00:35:15,920 Speaker 3: I do think that now people increasingly just view running 649 00:35:16,160 --> 00:35:21,440 Speaker 3: as some kind of opportunity to make their case and 650 00:35:21,480 --> 00:35:23,360 Speaker 3: to get a lot of attention. So even if you 651 00:35:23,440 --> 00:35:28,920 Speaker 3: have no realistic shot of becoming president, you throw yourself 652 00:35:29,000 --> 00:35:31,360 Speaker 3: into the mix so that you know you're able to 653 00:35:31,400 --> 00:35:35,399 Speaker 3: basically do what you do what you can to make 654 00:35:35,440 --> 00:35:37,239 Speaker 3: your case. And to get people to focus in on 655 00:35:37,280 --> 00:35:38,840 Speaker 3: you and to bring your message to the people. 656 00:35:39,880 --> 00:35:42,800 Speaker 4: I've been arguing for a while that the NBA destroyed 657 00:35:42,800 --> 00:35:48,080 Speaker 4: its brand in many ways by embracing woke politics, and 658 00:35:48,120 --> 00:35:51,880 Speaker 4: Mark Cuban has feuded with me about that on social 659 00:35:51,920 --> 00:35:55,359 Speaker 4: media off and on over the past few years. If 660 00:35:55,400 --> 00:35:58,960 Speaker 4: you thought the NBA's future was as unlimited as Mark 661 00:35:59,040 --> 00:36:02,600 Speaker 4: Cuban has tried to argue, it, certainly is an interesting 662 00:36:02,680 --> 00:36:06,920 Speaker 4: decision to up and sell your team for three and 663 00:36:06,920 --> 00:36:10,120 Speaker 4: a half billion dollars and also step down from Shark Tank. 664 00:36:10,200 --> 00:36:10,520 Speaker 5: Again. 665 00:36:10,920 --> 00:36:14,239 Speaker 4: The combination of the two makes me wonder if he's 666 00:36:14,280 --> 00:36:18,840 Speaker 4: planning a third party presidential bid. I don't think he 667 00:36:18,880 --> 00:36:23,560 Speaker 4: would challenge Joe Biden in certainly the Democrat primary, although 668 00:36:23,560 --> 00:36:27,759 Speaker 4: who knows that would be even more explosive. I would 669 00:36:27,800 --> 00:36:31,240 Speaker 4: think certainly he can't run as a Republican at this point. 670 00:36:31,360 --> 00:36:33,680 Speaker 4: We'll talk about this with vivig Ramaswami. What does he 671 00:36:33,719 --> 00:36:35,839 Speaker 4: think Mark Cuban's doing. I bet they know each other. 672 00:36:36,200 --> 00:36:38,959 Speaker 4: Not that many billionaires out there. They tend to cross 673 00:36:39,000 --> 00:36:39,960 Speaker 4: paulinate occasionally. 674 00:36:40,440 --> 00:36:41,360 Speaker 2: Excellent idea. 675 00:36:41,480 --> 00:36:46,000 Speaker 3: We'll also have you tee up the story here about 676 00:36:46,080 --> 00:36:49,759 Speaker 3: what's going on with this kid who was attacked by 677 00:36:49,920 --> 00:36:52,239 Speaker 3: dead Spin, And it turns out there's even more to 678 00:36:52,280 --> 00:36:55,000 Speaker 3: the story in the fact that it was completely insane 679 00:36:55,000 --> 00:36:56,359 Speaker 3: that they went after and we'll talk to you about 680 00:36:56,360 --> 00:36:56,799 Speaker 3: that coming up. 681 00:36:56,840 --> 00:36:57,480 Speaker 2: I'm playing buff