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Speaker 1: Hey, guys, thanks for listening to Breaking Points with Crystal

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Speaker 1: and Sager. We're going to be totally upfront with you.

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Speaker 1: We took a big risk going independent to make this work.

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Speaker 1: We need your support to beat the corporate media CNN, Fox, MSNBC.

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Speaker 1: They are ripping this country apart. They are making millions

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Speaker 1: of dollars doing it. To help support our mission of

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Speaker 1: making all of us hate each other, less hate the

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Speaker 1: corrupt ruling class more support the show. Become a Breaking

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Speaker 1: listen to the entire show ad free and uncut, an

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Speaker 1: hour early before everyone else. You get to hear our

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Speaker 1: reactions to each other's monologues. You get to participate and

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Speaker 1: weekly ask me any things, and you don't need to

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Speaker 1: hear our annoying voices pitching you like I am right now?

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Speaker 1: So what are you waiting for? Go to Breakingpoints dot

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Speaker 1: com become a Premium member today, which is available in

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Speaker 1: the show notes. Enjoy the show, guys, Good morning, everybody,

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Speaker 1: Happy Thursday. We have an amazing show for everybody today.

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Speaker 1: What do we have, Crystal? Indeed, we do a lot

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Speaker 1: of interesting stories this week, so a lot of movement

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Speaker 1: from both the right and the left on potentially banning

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Speaker 1: members of Congress from trading stocks. Of course, as long

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Speaker 1: as Nancy Pelosi and Chucks You were in charge, unlikely

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Speaker 1: to go that far, but still really interesting to track

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Speaker 1: this progress. This all comes amid a new report from

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Speaker 1: Unusual Wales detailing exactly how many millions of dollars in

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Speaker 1: stocks were traded by members of Congress when they invested

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Speaker 1: all of that. So we'll give you all of those

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Speaker 1: details extraordinarily important. Also some really pretty troubling numbers on inflation,

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Speaker 1: will tell you what price is spiked, where things are headed,

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Speaker 1: as well as show you some vintage Elizabeth Warren that's

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Speaker 1: from before she was you know, just cringe identity politics

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Speaker 1: all the time. This was the type of stuff that

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Speaker 1: you might have heard from her, so we'll bring you

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Speaker 1: that as well. President Trump making some new comments calling

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Speaker 1: out politics titians who are ashamed that they got the booster,

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Speaker 1: saying that they are effectively gutless coward. So we'll play

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Speaker 1: those remarks for you there. We also have Marian Williamson

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Speaker 1: on the show. She's been floated recently as a potential

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Speaker 1: Biden primary challenger. We'll talk to her about that. We'll

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Speaker 1: talk to her about her assessment of the Biden Party,

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Speaker 1: thus the Biden administration thus far. This also comes amid

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Speaker 1: some horrendous takes from the press about what they would

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Speaker 1: like to see in twenty twenty four spoiler alert, Hillary Clinton.

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Speaker 1: And you would think that you couldn't top that, but

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Speaker 1: this suggestion may actually top it. Biden Cheney as in

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Speaker 1: Liz Cheney twenty twenty four. That's what one prominent columnist

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Speaker 1: once But we wanted to start with a pretty stunning moment.

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Speaker 1: Of course, we've been tracking these questions around January sixth

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Speaker 1: of We know the New York Times reported there was

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Speaker 1: at least one FED in formant in the capital on

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Speaker 1: that day. Not crazy to think that there were others involved,

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Speaker 1: And you don't have to go down a whole false

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Speaker 1: flag rabbit hole of conspiracy to want to know, Hey,

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Speaker 1: what insight did the FEDS have before January sixth, because

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Speaker 1: their response was total shit, and what active involvement in

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Speaker 1: addition to this one informant might they have had. Of course,

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Speaker 1: we know the way that the FBI has infiltrated some

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Speaker 1: of these groups. Proud Boys have some past affiliations with

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Speaker 1: the Feds. Let's just say, we know the way that

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Speaker 1: the FEDS infiltrated these individuals who were involved with the

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Speaker 1: Gretchen Whitmer kidnapping. So Senator Ted Cruz, who we trashed

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Speaker 1: on Monday, now we're going to give them a little

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Speaker 1: bit of props. He had the opportunity to question Jill Sandborn,

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Speaker 1: She's a top FBI official about hey many how many

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Speaker 1: FEDS were there? What was going on? Take a listen

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Speaker 1: to that exchange. I want to turn to the FBI.

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Speaker 1: How many FBI agents or confidential informants actively participated in

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Speaker 1: the events of January sixth? Sir? I'm sure you can

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Speaker 1: appreciate that. I can't go into the specifics of sources

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Speaker 1: and methods. Did any FBI agents or confidential informants actively

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Speaker 1: participate in the events of January sixth? Yes, sir, I can't.

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Speaker 1: I can't answer that. Did any FBI agents or confidential

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Speaker 1: informants commit crimes of violence on January sixth six? I

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Speaker 1: can't answer that, sir. Did any FBI agents or FBI

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Speaker 1: informants actively encourage and insight crimes of violence on January sixth? Six? Sir?

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Speaker 1: I can't answer that, miss Saburn, Who is Ray Epps? Yes,

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Speaker 1: I'm aware of the individual, Sarah, I don't have the

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Speaker 1: specific background to him. Well, there are a lot of

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Speaker 1: people who are understandably very concerned about mister Epps. So

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Speaker 1: she's just totally unwilling to answer any of the questions

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Speaker 1: and answer that why exactly why not see the only here?

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Speaker 1: By the way, if there's nothing to see here, then

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Speaker 1: say no one was there, there was nothing to see here.

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Speaker 1: And so the fact that they're completely stonewalling here unwilling

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Speaker 1: to answer basic questions pretty telling. You guys, remember, just

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Speaker 1: as a refresher, who Rayeps is? We've played some of

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Speaker 1: the videos for you here. He seemed to be a

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Speaker 1: primary instigator of telling the night before saying we got

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Speaker 1: to go into the Capitol, being so aggressive that the

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Speaker 1: you know, Trump fans who were around him at the

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Speaker 1: time started chanting fed, fed, fed because what he was

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Speaker 1: suggesting seemed so at landish. Then on the day of,

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Speaker 1: he again seems like an instigator. He's sort of at

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Speaker 1: the front in terms of people going inside. He was

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Speaker 1: originally on the FBI's list of people of suspects people

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Speaker 1: they were looking for, and then has dropped off with

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Speaker 1: no explanation. January sixth. Committee has received enough pressure around

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Speaker 1: ray Epps that they felt the need to respond in

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Speaker 1: the series of tweets. Again, this is really woefully inadequate.

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Speaker 1: They say this s let Committee is aware of quote

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Speaker 1: unsupported claims that Rayeps was an FBI informant based on

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Speaker 1: the fact that he was on the FBI wanted list

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Speaker 1: and then was removed from that list without being charged.

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Speaker 1: They go on to say, the Committee has interviewed Apps

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Speaker 1: informed us that he was not employed by, working with,

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Speaker 1: or acting in the direction of any law enforcement agency

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Speaker 1: and jurnerally for their sixth or at any other time,

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Speaker 1: and that he has never been an informant for the

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Speaker 1: FBI or any other law enforcement agency. Okay, then why

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Speaker 1: is it being charged. Well, there's also a lot of questions.

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Speaker 1: Was that interview under oath? Is the FBI the only

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Speaker 1: also law enforcement agency? Is a very specific term that

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Speaker 1: implies to the FBI or the Department of Homeland Security

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Speaker 1: Intelligence Agency. There are a lot of other intelligence agencies

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Speaker 1: all across the United States. I think the latest count

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Speaker 1: is like twenty two. Was he employed or an informant

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Speaker 1: or a contractor or affiliated or whatever in any of

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Speaker 1: those instances, no answer to any of that. Also, where's

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Speaker 1: the actual transcript of the interview? You're just describing the

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Speaker 1: it to you? Was it under oath? Like I said,

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Speaker 1: have it happened in open in an open jurisdiction in

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Speaker 1: front of the camera for the Senate Judiciary. At least

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Speaker 1: put the transcript out with the transcript. At least the

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Speaker 1: transcript really has I mean, that would at least, you know,

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Speaker 1: I'll give you some transparency, not that it would still

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Speaker 1: answer every question. Because again, if you really care about

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Speaker 1: January sixth accountability, and there are a lot of Democrats

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Speaker 1: who claim this is like their top priority, well you're

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Speaker 1: just gonna let one of the main instigators go free

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Speaker 1: and not charge him and not explain why he's not

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Speaker 1: ultimately being charged. So this is the part of this

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Speaker 1: conversation that really frustrates me is, of course it's gotten

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Speaker 1: subsumed into the culture word. Of course, Ted Cruz wants to,

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Speaker 1: you know, make political hay out of this and all

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Speaker 1: of this, and Taker Carlson puts on his documentary suggesting

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Speaker 1: it's all entirely a false flag. There's no evidence to

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Speaker 1: support that. However, it would be surprising frankly, just knowing

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Speaker 1: the history of the FBI, knowing their infiltration of some

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Speaker 1: of the groups that were present on that day, to

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Speaker 1: think that there weren't there wasn't forward visibility, They didn't

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Speaker 1: know what was coming. So then why was the response

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Speaker 1: so bad? That's one question, And then you know how

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Speaker 1: many people are actually I thought Cruz's question there about

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Speaker 1: did anyone affiliated with the FEDS commit violent crimes? That's

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Speaker 1: the most because that's the other thing is we know

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Speaker 1: that there are tens of thousands of crimes that are

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Speaker 1: routinely sort of accepted and sanctioned by the FEDS so

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Speaker 1: posedly in service of keeping us all safe. That's a

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Speaker 1: big question mark how effectively they're ultimately doing this. But

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Speaker 1: you know, if you really care about what happened on

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Speaker 1: this day, these are significant questions. I also think focusing

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Speaker 1: on Apps is a mistake. As we detailed in the

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Speaker 1: latest Revolver News report, He's not just the only one.

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Speaker 1: He just was so starkly caught on camera. There are

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Speaker 1: multiple other ringleaders and individuals who are not wanted have

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Speaker 1: not yet been charged, who are actually known and their

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Speaker 1: identities were because they were pulled over by police officers.

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Speaker 1: These are people who were up on scaffolding with the

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Speaker 1: bullhorn kind of directing the attack on the capitol, encouraging

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Speaker 1: that that person hasn't been charged. The people who help

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Speaker 1: breach the gates and who seem to have like a

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Speaker 1: fire retardant suit on at the time, very specific, you know,

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Speaker 1: type of uniform exactly that person has not been charged,

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Speaker 1: despite the fact that we know that that person had

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Speaker 1: contact with the police the day before on suspicion of

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Speaker 1: having a ton of weapons in his car. I mean,

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Speaker 1: these are also the pipe bomb. I mean, that's a

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Speaker 1: whole other one. Where where's the guy pipe bomb? Probably

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Speaker 1: the most egregious example. Also, why did Kamala Harris's security

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Speaker 1: detail clear her being able to go in the building

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Speaker 1: if there was a pipe bomb? Really interesting, right in

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Speaker 1: terms of the plant, when it exactly happened, the timeline,

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Speaker 1: it's been a year. We still don't have the answer

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Speaker 1: to all of these questions. And you know, the corporate

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Speaker 1: media is just picking up these statements by the January

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Speaker 1: sixth Committee as if it's gospel. They have no questions

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Speaker 1: around this. You know, It's like remember the way they

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Speaker 1: covered the Bengazi hearing rightfully being like, hey, this is

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Speaker 1: you know, doctor or not, this is selective testimony. All

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Speaker 1: of this skepticism. They have none of that. Here. Adam

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Speaker 1: Kissinger puts out a BS thread about, oh, this shows

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Speaker 1: this Ray Epps didn't actually commit any crimes. How do

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Speaker 1: you know? You don't know anything. I mean, he said

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Speaker 1: he never entered the capitol. Once again, why was he

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Speaker 1: on the FBI's most wanted list then, I mean, it's

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Speaker 1: not like you wouldn't be placed there without some pretty

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Speaker 1: explicit reasons. And he was even interviewed and talked to

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Speaker 1: in the days afterwards. This is all we now know.

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Speaker 1: The ultimate end, which is what we've been warning from

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Speaker 1: the very very beginning. Put this up there on the screen,

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Speaker 1: which is that it's not a coincidence that the Justice Department,

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Speaker 1: one year after January sixth, is now forming a new

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Speaker 1: domestic terror unit, and that new domestic terror unit is

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Speaker 1: going to be within the Department of Justice to go

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Speaker 1: after what they say is a threat that has doubled

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Speaker 1: in the past two years. I always love whenever they

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Speaker 1: say this. The National Secure Division of the d o

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Speaker 1: J says that you know, statistically the threat has doubled

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Speaker 1: based on what your BS statistics. Once again, this is

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Speaker 1: that you created. Yes, the number of plots whs FBI

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Speaker 1: agents have been creating has doubled. That's another way particular

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Speaker 1: realm especial resources from Rich Whitmer, from you know, framing

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Speaker 1: Muslim men, Yes, framing another group of people, and you know, okay,

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Speaker 1: okay with it, no matter who it is. What's especially

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Speaker 1: terrible is that within the announcement they actually specifically talk

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Speaker 1: about how they are redirectoring resources away from al Qaeda

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Speaker 1: and ISIS towards this new domestic terror group. Also, here's

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Speaker 1: how they describe it. Extremist, anti government and anti authority ideology. Guess,

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Speaker 1: very anti authority. Anybody who's that experienced with the COVID

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Speaker 1: regime of the last two years should probably be anti authority.

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Speaker 1: And this also, I mean that shows you it's it's

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Speaker 1: not exclusively for right wing right. You shouldn't feel comfortable

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Speaker 1: if you're you know, an anti capitalist, if you have

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Speaker 1: any sort of critique that's uncomfortable of government. No matter

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Speaker 1: where you fall in the political spectrum, you could be

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Speaker 1: targeted by this new unit. And this again is why

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Speaker 1: it's important to understand what happened on this day, because

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Speaker 1: they have used January six as a weapon to sort

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Speaker 1: of further their own powers. Well, if there's indications that

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Speaker 1: you had knowledge beforehand, that you had people there on

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Speaker 1: the ground at least who were informants, then that raises

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Speaker 1: a lot of questions about why we should be entrusting

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Speaker 1: you with more power when you so dramatically failed on

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Speaker 1: that particular day. And I will say, you know, some

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Speaker 1: of the sort of online liberal faithful who are deeply

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Speaker 1: invested in the January sixth committee and following every person

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Speaker 1: who's being subpoena and all of that stuff, are starting

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Speaker 1: to get a little agitated with Merrett Garland and others

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Speaker 1: about the fact that there haven't been high level arrests

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Speaker 1: of people who were ring laders and were instigation. And

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Speaker 1: you know what, they're not wrong to feel that way

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Speaker 1: when they've been led to believe that this was Pearl

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Speaker 1: Harbor and nine to eleven wrapped in one, that this

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Speaker 1: is I mean, this is Kamala Harrison's roric. I'm not

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Speaker 1: making this up. This is the worst thing that's ever

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Speaker 1: happened on American soil. And yet you know, the charges

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Speaker 1: you're getting are like the QAnon Shaman for interrupting a

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Speaker 1: government proceeding or for trespassing. Okay, if this is really sedition,

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Speaker 1: if this is really treason, like where are those high

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Speaker 1: level charges and why are you letting people like Reps

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Speaker 1: off the hook with no explanation? Who was clearly, you know,

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Speaker 1: invested in making this day as bad as possible. So

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Speaker 1: they're not wrong to feel like they've been really sold

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Speaker 1: a bill of goods here in terms of the sort

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Speaker 1: of prosecutorial stance. But this is the other part. As

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Speaker 1: you know, I made a point of saying this sort

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Speaker 1: of like online liberal faithful, because the broader Democratic base

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Speaker 1: is not super obsessed with one six whatsoever. In fact,

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Speaker 1: this is kind of funny, and put this tweet up

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Speaker 1: on the screen. This is a reporter says, you watched

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Speaker 1: two focus groups with moderate voters last night, but these

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Speaker 1: were all people who were sort of like lean Biden,

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Speaker 1: voted for Biden. They were kind of like towards the

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Speaker 1: Democratic camp or swingable towards the Democratic camp. Moderator asked

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Speaker 1: the first group, five women about January sixth. Long pause

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Speaker 1: followed before one of the women asked, what do you

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Speaker 1: mean invoking January sixth? Didn't immediately mean anything at all

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Speaker 1: to these folks even days after the anniversary, not because

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Speaker 1: they're bad people who don't care about maintaining democracy, but because,

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Speaker 1: guess what, they got a lot of stuff going on

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Speaker 1: their lives. And you know, as there's further tweets that follow,

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Speaker 1: that's basically like they all agreed this was a bad day.

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Speaker 1: They didn't like it. You know, there was a lot

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Speaker 1: of blame on Trump, etc. But there was also a

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Speaker 1: sense that, like, this is not the focus of mike concerns.

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Speaker 1: There are a lot of other things that are that

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Speaker 1: are going on that are more relevant, more pertinent to

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Speaker 1: me in my day to day life. And so you

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Speaker 1: can just think about the fact that this is what

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Speaker 1: Democrats have leaned into, especially over the past couple of months,

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Speaker 1: and even their own voters are like your off base,

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Speaker 1: in your exclusive focus on this, on your obsession over this,

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Speaker 1: this is not landing with us whatsoever. And that's why

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Speaker 1: in part I just saw this morning, Larry Sabadeau's Crystal Well,

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Speaker 1: Kyle konnig we have him on. Great analysts there say

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Speaker 1: that Republicans are poised to potentially win their largest majority

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Speaker 1: in a century in a century. That's how badly off

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Speaker 1: based Democrats have been with all this stuff. Look, so

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Speaker 1: you put it all together. This has been from the beginning.

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Speaker 1: Look nobody. Once again, I guess we always have to

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Speaker 1: cover our bases. It's not like Trump was not primarily

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Speaker 1: responsible for what happened on January sixth. Yes, that does

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Speaker 1: not mean that there were not agent provocateurs who are

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Speaker 1: within the audience or within the right, know, the rioters

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Speaker 1: that pushed things to a direction and infla flamed them

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Speaker 1: up such that the actual storming of the Capitol happened.

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Speaker 1: How many of those people were FBI informants, It's a

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Speaker 1: simple question, or not even FBI informance. How many of

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Speaker 1: them were affiliated with law enforcement intelligence, a higher US

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Speaker 1: government authority, such that it justified the largest domestic crackdown

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Speaker 1: in modern American history. You should not forget that we saw.

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Speaker 1: I mean remember here in Washington, d c our capital

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Speaker 1: was locked down for months and occupied by national troops

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Speaker 1: for months, not a word from a lot of people.

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Speaker 1: They were here for the Keanon rally, which nobody actually

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Speaker 1: ended up coming to. It cost almost a billion dollars

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Speaker 1: in that deployment. Now we have a new domestic terror law,

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Speaker 1: then we saw the systematic technology private deplatforming of a

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Speaker 1: lot of people who are in the quote unquote dissident

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Speaker 1: anti authority regime. Remember, this has been the greatest thing

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Speaker 1: that ever happened to the powers that be, and so

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Speaker 1: you should ask a lot of questions as to why

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Speaker 1: that is. The new domestic terror unit is a threat,

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Speaker 1: I think to everybody who has a dissonant belief, ye,

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Speaker 1: one hundred percent. Look, guys, this is like fundamental question.

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Speaker 1: Are we going to be a security state? Are we

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Speaker 1: going to be a democracy? Those are the choices. And

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Speaker 1: so if you really actually care about democracy, the way

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Speaker 1: this has been weaponized should be more troubling, way more troubling,

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Speaker 1: because these are powerful institutions versus most of the people

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Speaker 1: there who were totally powerless. You should be way more

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Speaker 1: troubled by the direction that they have taken this in,

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Speaker 1: by the way that they have weaponized it. Then, even

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Speaker 1: of the events of that day which listen. There are

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Speaker 1: two things I want to respond to and that I

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Speaker 1: saw online sentiments that were expressed when I was tweeting

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Speaker 1: about this. One was why are you scapegoading the FBI

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Speaker 1: for the events that happened in the day, And I

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Speaker 1: just want to be clear, we're not letting anyone off

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Speaker 1: the hook for the personal act. They have agency, and

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Speaker 1: you know, if they did bad stuff that day, they

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Speaker 1: should be held accoun and they're responsible for that. And

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Speaker 1: we are certainly not letting Trump off the hook either,

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Speaker 1: and we say that every single time that we do

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Speaker 1: segments on this. The other one that I really liked

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Speaker 1: is people were like, this was Trump's do OJ, So

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Speaker 1: there's no way that they would have been like, you

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Speaker 1: totally don't understand the concept of the deep stick. That's

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Speaker 1: the whole idea is permanent bureaucracy, not loyal to any

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Speaker 1: particular president with their own agenda. And that's by the way.

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Speaker 1: I know the term has gained a lot of popularity

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Speaker 1: during the Trump years and started to be used by

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Speaker 1: the right during the Trump year, but this is a

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Speaker 1: long held concept that actually originates on the left of

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Speaker 1: the political spectrum. So just wanted to put those two

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Speaker 1: pieces out there. But again, bottom line is moving us

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Speaker 1: more towards a security state, demonizing and criminalizing, you know,

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Speaker 1: more of the country, surveilling, cooking up these plots, all

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Speaker 1: of these things are a way greater risk to our

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Speaker 1: democracy than the admittedly bad events of that. Yeah, let's

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Speaker 1: move on speaking of threats to our democracy, which is corruption.

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Speaker 1: Here in Washington. Has been some really interesting and good

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Speaker 1: moves around cracking down on members of Congress who are

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Speaker 1: trading stock. But I think a lot of the credit

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Speaker 1: has to go to Unusual Wales, who is an account

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Speaker 1: on Twitter put this up there on the screen, who

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Speaker 1: for the last couple of years really brought to the

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Speaker 1: public consciousness by compiling public of publicly available data, just

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Speaker 1: how much members of Congress are beating the S and

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Speaker 1: P five hundred in twenty twenty one. And just look

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Speaker 1: at that graphic here of all of these members of

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Speaker 1: Congress red and blue, Dan Frenshaw, Nancy Pelosi, Debbie Dingle,

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Speaker 1: and Don Bayer, Victorious Sparts, Alan Lowenthal. I mean, every

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Speaker 1: one of these people I named are members of both

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Speaker 1: parties who are beating the S and P five hundred.

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Speaker 1: And here's the best thing. Somebody in finance pointing this

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Speaker 1: out to me, they're only fifty three hedge funds who

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Speaker 1: beat the S and P five hundred in twenty twenty one.

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Speaker 1: So that means there are almost as many members of

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Speaker 1: Congress who are beating the billionaires on Wall Street in

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Speaker 1: terms of their private stock picks. Now, that's really really

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Speaker 1: interesting to me personally. I've got a lot of questions.

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Speaker 1: And the best thing about Unusual Wales report is by

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Speaker 1: going and looking at the specific timing of trades where

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Speaker 1: we have massive flurries of activities of stock sales right

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Speaker 1: before major legislative events. It's exactly what happened previously whenever

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Speaker 1: we would see members of Congress start to sell right

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Speaker 1: around the time they knew that coronavirus was coming, then

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Speaker 1: they ended up buying the dip. We saw huge options

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Speaker 1: trades being leveraged by Nancy Pelosi's husband based upon possibly

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Speaker 1: non public information and horror role as a speaker of

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Speaker 1: the House. We see members of committees who are trading

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Speaker 1: defense stocks, the Defense Committee's trading defense stocks, Tech committees

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Speaker 1: trading tech stocks. I mean, you almost can't get away

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Speaker 1: from all of it. And you just tend to see

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Speaker 1: here that massive amounts of capital are in the companies themselves,

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Speaker 1: of which Congress has the most direct impact on, the

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Speaker 1: major technology companies which have contracts with the Pentagon and

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Speaker 1: the defense contractors themselves. You cannot step away from it.

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Speaker 1: And when technology has become the most valuable sector of

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Speaker 1: our economy, and they are then charged with trying to

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Speaker 1: regulate technology. Is it such a coincidence that they perhaps

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Speaker 1: do nothing. And here's the question too, we will never

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Speaker 1: know the answer to how much of it is corruption

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Speaker 1: and not. I genuinely have no idea, So let's find out.

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Speaker 1: And that's the key from this publicly available data, which

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Speaker 1: just shows you that something's happening. They're not geniuses. I've

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Speaker 1: met some of the people on this list. A lot

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Speaker 1: of them are dumb. A lot of them are much

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Speaker 1: dumber than you. And the question is what access to

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Speaker 1: non public information or shady did they get access to

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Speaker 1: that allowed them to do better than the billionaires on walls. Yeah,

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Speaker 1: well ask yourself that question. That's what's so damning is

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Speaker 1: that when you look at the numbers overall, that they're

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Speaker 1: beating the market, and they're beating the people whose job

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Speaker 1: it is to be good at this, right, So that's

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Speaker 1: that's damning. The timing of the trades is extraordinarily damning.

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Speaker 1: This was actually kind of funny to me. There was

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Speaker 1: a flurry of trading activity among Senate Republicans when Joe

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Speaker 1: Biden was sworn in verb and they're like, oh, this

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Speaker 1: is going to be good for the stock market. So

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Speaker 1: that's kind of funny. But also flurry of trading activity Democrats,

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Speaker 1: there was a significant flurry around the infrastructure bill, So

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Speaker 1: when there were big things happening in Washington, especially things

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Speaker 1: that you know, they would have some insight into being

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Speaker 1: part of those negotiations, I mean part of you know,

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Speaker 1: the people were directly voting on it, that's when they

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Speaker 1: were making big moves. And so again, look, it's very

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Speaker 1: hard insider trading prosecutions, very difficult. Yeah, you have to

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Speaker 1: prove everything on both the transition. Yeah, very very hard

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Speaker 1: to know. Okay, this trade was corruption, this was just

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Speaker 1: you know, they bought it and they got luckier. They

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Speaker 1: sold it and they got lucky. But when you look

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Speaker 1: at the overall picture, there's no doubt that this is

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Speaker 1: just shady as well. And beyond that, what this does

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Speaker 1: to public trust in our government and our dually elected

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Speaker 1: government is devastating, and I should I also I want

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Speaker 1: to point out it's not every member of Congress that's

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Speaker 1: doing this. There are a lot of people who aren't

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Speaker 1: on this list who have decided that you know what,

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Speaker 1: while I'm a member of Congress. I am I'm not

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Speaker 1: going to involve myself in, you know, playing games on

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Speaker 1: the stock market. So let's just let's make that the standard.

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Speaker 1: And in fact, there are movements now on the right

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Speaker 1: and the left, I think you point out accurately thanks

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Speaker 1: to the pressure that has been put online, thanks in

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Speaker 1: part to the fact that Nancy Pelosi and her husband's trades, yeah,

429
00:23:55,600 --> 00:23:58,159
Speaker 1: have been so egregious, have been so egregious, but have

430
00:23:58,240 --> 00:24:01,879
Speaker 1: become such a flashpoint on the right. That's why you

431
00:24:02,000 --> 00:24:04,800
Speaker 1: end up with politicians who feel like it's in their

432
00:24:04,920 --> 00:24:08,199
Speaker 1: interest to make some hay over this and try to

433
00:24:08,240 --> 00:24:11,720
Speaker 1: push things forward. So that's where we are today, which

434
00:24:11,720 --> 00:24:16,159
Speaker 1: is pretty interesting. There's some new moves this morning, but

435
00:24:16,640 --> 00:24:20,000
Speaker 1: you know, so the backstory is Pelosi comes out and

436
00:24:20,040 --> 00:24:24,359
Speaker 1: makes our comments basically like scoffing at the idea that

437
00:24:24,400 --> 00:24:26,800
Speaker 1: we should have any checks on trading for members of

438
00:24:26,840 --> 00:24:30,639
Speaker 1: Congress and for their spouses and family members. John ass Off,

439
00:24:30,880 --> 00:24:34,480
Speaker 1: it leaks out, is actually preparing a bill that's effectively

440
00:24:34,480 --> 00:24:38,600
Speaker 1: a direct rebuke of Pelosi given those comments, And so

441
00:24:38,720 --> 00:24:41,760
Speaker 1: reporters run out and they start trying to press Democratic

442
00:24:41,800 --> 00:24:44,960
Speaker 1: politicians on where they stand on this, And a lot

443
00:24:45,000 --> 00:24:49,440
Speaker 1: of these folks were very cagey because now you're asking them,

444
00:24:49,680 --> 00:24:51,280
Speaker 1: all right, am I on the John osoff side or

445
00:24:51,280 --> 00:24:53,639
Speaker 1: a mind the Nancy Pelosi side. Let's go ahead and

446
00:24:53,640 --> 00:24:56,960
Speaker 1: throw our next element up on the screen there. So

447
00:24:57,160 --> 00:25:00,920
Speaker 1: Insider took it upon themselves to go talk to Kikeem

448
00:25:01,000 --> 00:25:05,040
Speaker 1: Jeffries and Chuck Schumer in particular. And this is funny.

449
00:25:05,480 --> 00:25:07,359
Speaker 1: The other piece of this is Kevin McCarthy came out

450
00:25:07,359 --> 00:25:09,479
Speaker 1: and said, oh, we may do something on this, you know,

451
00:25:10,040 --> 00:25:13,200
Speaker 1: if we take if when we take control of the house.

452
00:25:14,240 --> 00:25:17,200
Speaker 1: So Hakeem Jefferies is happy to go in on Kevin McCarthy.

453
00:25:17,200 --> 00:25:19,320
Speaker 1: He has no credibility. I'm certainly not going to listen

454
00:25:19,359 --> 00:25:23,120
Speaker 1: to ethics lectures on him. Fair enough. But then when

455
00:25:23,119 --> 00:25:26,760
Speaker 1: they ask Kakim Jeffries, who is seen as Nancy Pelosi's

456
00:25:26,800 --> 00:25:28,919
Speaker 1: most likely successor, all right, well what do you think

457
00:25:28,960 --> 00:25:33,760
Speaker 1: about this stuff? Nothing to say, he says, quote, I

458
00:25:33,800 --> 00:25:36,359
Speaker 1: support continuing to make sure that everyone complies with the

459
00:25:36,440 --> 00:25:41,000
Speaker 1: law as it is right now. I'm unfamiliar with the legislation. Bullshit.

460
00:25:41,320 --> 00:25:43,400
Speaker 1: It has not been presented to me. Nobody has talked

461
00:25:43,440 --> 00:25:45,480
Speaker 1: to me about it, and of course, I'm open to

462
00:25:45,560 --> 00:25:50,040
Speaker 1: having conversations with any members. Also, they ask Center Majority

463
00:25:50,119 --> 00:25:53,800
Speaker 1: Leader Chuck Schumer about a hypothetical stock trading band on Tuesday.

464
00:25:53,840 --> 00:25:56,880
Speaker 1: He dodged the question, saying, quote, I don't own any stocks,

465
00:25:57,280 --> 00:25:59,680
Speaker 1: so her flows encouraged. I mean, you know, yeah, It's

466
00:26:00,080 --> 00:26:02,840
Speaker 1: here's the thing, like you said, it is becoming bipartisan,

467
00:26:02,920 --> 00:26:04,920
Speaker 1: and that is the best news. So this morning, Broke

468
00:26:05,119 --> 00:26:07,800
Speaker 1: Senator Josh Holly has introduced his own bill which would

469
00:26:07,840 --> 00:26:11,159
Speaker 1: go ahead and ban trading. Some of the specifics aren't

470
00:26:11,320 --> 00:26:14,320
Speaker 1: entirely there. It's not the same as the John Osoft bill,

471
00:26:14,520 --> 00:26:17,760
Speaker 1: which also now has a co sponsor. The big difference

472
00:26:18,119 --> 00:26:21,120
Speaker 1: as far as we know, between the Ostoff and Holly bill,

473
00:26:21,160 --> 00:26:24,480
Speaker 1: and apparently they were in negotiations because Osoff originally wanted

474
00:26:24,480 --> 00:26:27,520
Speaker 1: a Republican co sponsor. Now instead he's got Mark Kelly's

475
00:26:27,520 --> 00:26:30,359
Speaker 1: Democrat from senator who's also you know, in a reddish

476
00:26:30,520 --> 00:26:35,520
Speaker 1: state of Arizona. The big difference between them is osof

477
00:26:35,640 --> 00:26:39,920
Speaker 1: supplies not only to spouses but also to family independent

478
00:26:40,200 --> 00:26:44,399
Speaker 1: family members, and Holly's is just spouses. There's also some

479
00:26:44,520 --> 00:26:48,760
Speaker 1: different enforcement mechanisms apparently, but those were sort of the

480
00:26:49,040 --> 00:26:51,360
Speaker 1: as far as Axios is reporting this morning, those were

481
00:26:51,359 --> 00:26:55,040
Speaker 1: the distinguishing factors. Look like I said, even a ten

482
00:26:55,160 --> 00:26:58,000
Speaker 1: percent increase and just making it so they can only

483
00:26:58,040 --> 00:27:02,800
Speaker 1: trade mutual funds would be a dreamtic increase in terms

484
00:27:02,840 --> 00:27:06,080
Speaker 1: of public transparency and public trust. I've seen the way

485
00:27:06,080 --> 00:27:09,520
Speaker 1: these things go through the mangle. It's very unlikely anything

486
00:27:09,560 --> 00:27:12,720
Speaker 1: becomes law, but it gives me some hope. Josh Holly,

487
00:27:12,960 --> 00:27:16,520
Speaker 1: John Ossoff, Mark Kelly, Representative Chip Roy, who are in

488
00:27:16,560 --> 00:27:19,040
Speaker 1: the House of Representatives, who is backing the House version

489
00:27:19,080 --> 00:27:21,399
Speaker 1: of this bill. There are people, and now you have

490
00:27:21,480 --> 00:27:24,680
Speaker 1: Kevin McCarthy who wants to do it to own Nancy Pelosi. Fine,

491
00:27:24,760 --> 00:27:27,520
Speaker 1: I don't care, Yeah, take it. You know, this is

492
00:27:27,560 --> 00:27:30,680
Speaker 1: one of those institutional ways where the culture war actually

493
00:27:30,720 --> 00:27:32,760
Speaker 1: can work to all of our benefit. And I want

494
00:27:32,760 --> 00:27:34,680
Speaker 1: to say this to a lot of the younger people

495
00:27:34,680 --> 00:27:36,840
Speaker 1: in our audience. You guys are the reason that this

496
00:27:36,920 --> 00:27:41,480
Speaker 1: is happening. And the reason why is because increasing public disillusionment.

497
00:27:41,800 --> 00:27:45,640
Speaker 1: Posting about it on Twitter, on TikTok, on Instagram, our segments,

498
00:27:45,680 --> 00:27:48,800
Speaker 1: other people who talk about this unusual whales has brought

499
00:27:48,800 --> 00:27:51,919
Speaker 1: it to a level of public public consciousness where politicians

500
00:27:51,920 --> 00:27:54,840
Speaker 1: can look at that energy and outrage and say we

501
00:27:54,920 --> 00:27:57,359
Speaker 1: got to do something about this. It actually is a

502
00:27:57,440 --> 00:28:01,840
Speaker 1: rare instance of people on the Internet, using publicly available information,

503
00:28:02,280 --> 00:28:04,359
Speaker 1: being outraged about it talking about it. I mean, how

504
00:28:04,400 --> 00:28:05,760
Speaker 1: long have we been talking about this? Now for two

505
00:28:05,800 --> 00:28:08,080
Speaker 1: years almost? I mean it's years we've been talking and

506
00:28:08,119 --> 00:28:11,080
Speaker 1: we were very lonely in the wilderness whenever we've first started,

507
00:28:11,680 --> 00:28:14,919
Speaker 1: and is based once again upon unusual Wales. Information started

508
00:28:14,960 --> 00:28:18,159
Speaker 1: becoming a TikTok meme, started becoming something that teenagers and

509
00:28:18,200 --> 00:28:21,440
Speaker 1: others looked at, and now people in Congress are talking

510
00:28:21,440 --> 00:28:23,960
Speaker 1: about it. So look, that's how it starts. It's a

511
00:28:23,960 --> 00:28:27,960
Speaker 1: good example of how internet activism, outrage whatever it can

512
00:28:28,000 --> 00:28:30,800
Speaker 1: seem so fau and empty in ninety nine percent of cases,

513
00:28:30,920 --> 00:28:32,920
Speaker 1: but in the one percent, if it does work, it's

514
00:28:32,960 --> 00:28:34,720
Speaker 1: still a real victory. So I want you guys to

515
00:28:34,800 --> 00:28:37,600
Speaker 1: understand one hundred percent. And it's important to understand why

516
00:28:37,680 --> 00:28:40,840
Speaker 1: it worked, because you can never count on these people

517
00:28:40,880 --> 00:28:42,920
Speaker 1: to like do something because it's the right thing to

518
00:28:43,040 --> 00:28:49,520
Speaker 1: been do, right, but ass off Holly Kevin McCarthy. They

519
00:28:49,560 --> 00:28:52,200
Speaker 1: have perceived this to be in their political interest, yes,

520
00:28:52,200 --> 00:28:54,280
Speaker 1: and it is, and it is best thing, right, And

521
00:28:54,360 --> 00:28:56,400
Speaker 1: so the fact that you have people on both sides

522
00:28:56,400 --> 00:28:58,680
Speaker 1: of the aisle perceiving this in their political interest and

523
00:28:58,760 --> 00:29:02,080
Speaker 1: putting pressure on their owned leadership. That's the other thing

524
00:29:02,120 --> 00:29:05,600
Speaker 1: that's important to note is even Holly's bill goes further

525
00:29:05,760 --> 00:29:09,640
Speaker 1: than what McCarthy was floating, So he's also putting pressure

526
00:29:09,680 --> 00:29:13,280
Speaker 1: on Republican leadership to do something, to do something that

527
00:29:13,280 --> 00:29:16,000
Speaker 1: would actually be real here because frankly, what McCarthy floated

528
00:29:16,080 --> 00:29:19,280
Speaker 1: was kind of bullshit. But the fact that they perceive

529
00:29:19,320 --> 00:29:22,640
Speaker 1: it in their individual political interest thanks to the pressure

530
00:29:22,720 --> 00:29:26,080
Speaker 1: that you all put on them, that is a model

531
00:29:26,400 --> 00:29:29,120
Speaker 1: for success for the future and something to remember and

532
00:29:29,160 --> 00:29:31,600
Speaker 1: something to build on. So absolutely that is what is exciting.

533
00:29:34,760 --> 00:29:38,240
Speaker 1: All right, guys, So we got new inflation numbers yesterday,

534
00:29:38,240 --> 00:29:42,400
Speaker 1: but we also got a pretty interesting moment from Elizabeth Warren.

535
00:29:42,520 --> 00:29:45,960
Speaker 1: So this particular segment on inflation has both the good

536
00:29:46,080 --> 00:29:48,840
Speaker 1: and the bad here. Ultimately, let's start with Elizabeth Warren. So,

537
00:29:49,880 --> 00:29:52,760
Speaker 1: you guys know, Center Warren used to have really good

538
00:29:52,800 --> 00:29:56,840
Speaker 1: economic politics. We're talking like nine yeah, I mean, she

539
00:29:57,160 --> 00:30:03,080
Speaker 1: came to into public prominence trashing Hillary Clinton and the

540
00:30:03,120 --> 00:30:08,120
Speaker 1: bank's most important the banks, trashing Joe Biden for pretend

541
00:30:08,240 --> 00:30:12,160
Speaker 1: posing posturing as an ally of women with his you know,

542
00:30:12,200 --> 00:30:15,560
Speaker 1: bills against domestic violence, which are important, but meanwhile selling

543
00:30:15,560 --> 00:30:18,720
Speaker 1: them out financially. I mean, she went toe to toe

544
00:30:18,760 --> 00:30:20,920
Speaker 1: with him on this stuff, and then suddenly when she

545
00:30:21,000 --> 00:30:23,840
Speaker 1: runs for president she doesn't say a word about any

546
00:30:23,880 --> 00:30:29,520
Speaker 1: of That leans hard into the shallowest, most impotent form

547
00:30:30,000 --> 00:30:33,160
Speaker 1: of identity politics, things like I mean, throwing Bernie under

548
00:30:33,200 --> 00:30:36,240
Speaker 1: the bus pretending he's a sexist, promising to wear a

549
00:30:36,280 --> 00:30:39,440
Speaker 1: pink planned Parenthood scarf on inauguration Dan, and that was

550
00:30:39,480 --> 00:30:41,960
Speaker 1: my personal favorite. No, my personal favorite was promising an

551
00:30:41,960 --> 00:30:44,280
Speaker 1: eleven year old trans child that they get to pick

552
00:30:44,320 --> 00:30:47,400
Speaker 1: the Department of Education. I liked even more than that

553
00:30:47,480 --> 00:30:50,479
Speaker 1: at the DNC when she had the BLO in the

554
00:30:50,520 --> 00:30:54,240
Speaker 1: block blocks behind her. So this was so, this was

555
00:30:54,400 --> 00:30:56,720
Speaker 1: a major. I used to love Elizabeth Warren. I was

556
00:30:56,760 --> 00:30:59,160
Speaker 1: such an Elizabeth Warren stand and so to watch her

557
00:30:59,480 --> 00:31:03,480
Speaker 1: debaser self and just crumble into this totally like impotent

558
00:31:03,680 --> 00:31:08,440
Speaker 1: figure that you know, is not really offering anything challenging

559
00:31:08,480 --> 00:31:10,360
Speaker 1: the powerful anymore, was very sad for me to see.

560
00:31:10,560 --> 00:31:14,800
Speaker 1: So this week we had Jerome Palll's confirmation hearings to

561
00:31:15,160 --> 00:31:19,480
Speaker 1: be reconfirmed as a fedchair and Warren is not a

562
00:31:19,520 --> 00:31:22,840
Speaker 1: fan of Jerome Palell to start with, and I think

563
00:31:22,880 --> 00:31:24,600
Speaker 1: she's a no vote on that. But he's still going

564
00:31:24,680 --> 00:31:26,840
Speaker 1: to get confirmed ultimately because Republicans are going to vote

565
00:31:26,840 --> 00:31:31,080
Speaker 1: for him too. But she really pressed him on the reasons,

566
00:31:31,200 --> 00:31:33,240
Speaker 1: some of the reasons that we have such high inflation

567
00:31:33,400 --> 00:31:38,400
Speaker 1: right now and forced him to admit that corporations jacking

568
00:31:38,480 --> 00:31:42,160
Speaker 1: up their prices using inflation as an excuse to further

569
00:31:42,280 --> 00:31:44,680
Speaker 1: jack up their prices was a part of what's going on.

570
00:31:44,920 --> 00:31:47,000
Speaker 1: Let's take a listen to what she did here. Let

571
00:31:47,040 --> 00:31:48,760
Speaker 1: me ask it the other way then, because we're still

572
00:31:48,800 --> 00:31:50,640
Speaker 1: kind of doing econ one oh one here. If you're

573
00:31:50,640 --> 00:31:55,240
Speaker 1: a corporation that is eaten up most of the competition

574
00:31:55,600 --> 00:31:58,600
Speaker 1: and cornered the market, is it easier for you to

575
00:31:58,720 --> 00:32:02,360
Speaker 1: raise prices on your customers and maximize your profits because

576
00:32:02,360 --> 00:32:04,600
Speaker 1: you don't have to worry about losing your business? In

577
00:32:04,600 --> 00:32:07,960
Speaker 1: other words, that's you've lost the discipline that the market

578
00:32:08,000 --> 00:32:10,840
Speaker 1: imposes in principle, if you don't have competition in your

579
00:32:10,920 --> 00:32:13,600
Speaker 1: monopolist yes, you can raise your prices, okay, And over

580
00:32:13,640 --> 00:32:17,800
Speaker 1: the past here we know that prices have risen because

581
00:32:17,840 --> 00:32:22,200
Speaker 1: of supply chain problems, unexpected shifts in the demand for goods,

582
00:32:22,200 --> 00:32:26,320
Speaker 1: and even higher labor costs. But if corporations were simply

583
00:32:26,520 --> 00:32:31,760
Speaker 1: passing along these costs in highly competitive markets, would the

584
00:32:31,800 --> 00:32:36,440
Speaker 1: company's profit margins have changed much? You know, so many

585
00:32:36,520 --> 00:32:43,560
Speaker 1: things affect affect those that calculation, But in principle you

586
00:32:43,560 --> 00:32:47,440
Speaker 1: could be right. But well, it's very much not what

587
00:32:47,440 --> 00:32:50,920
Speaker 1: we're seeing right now. Today, Nearly two out of three

588
00:32:50,960 --> 00:32:55,560
Speaker 1: of the biggest publicly traded corporations in the country are

589
00:32:55,600 --> 00:33:01,080
Speaker 1: reporting fatter profit margins than they reported before for the pandemic,

590
00:33:01,600 --> 00:33:04,160
Speaker 1: which doesn't sound like they're just passing a long costs.

591
00:33:04,200 --> 00:33:08,640
Speaker 1: So let me ask you, does that increase in profit margins,

592
00:33:08,680 --> 00:33:14,480
Speaker 1: combined with greater market concentration in industry after industry, suggest

593
00:33:14,560 --> 00:33:18,600
Speaker 1: to you that some corporations may be passing along increased

594
00:33:18,760 --> 00:33:23,960
Speaker 1: costs and at the same time charging more on top

595
00:33:24,040 --> 00:33:28,320
Speaker 1: of that to fatten their profit margins. That could be right.

596
00:33:28,360 --> 00:33:30,800
Speaker 1: It could also just be though that demand is incredibly

597
00:33:30,840 --> 00:33:35,960
Speaker 1: strong and that you know, they're they're raising prices because

598
00:33:36,000 --> 00:33:40,640
Speaker 1: they can. Well that's the points They're raising prices because

599
00:33:40,680 --> 00:33:42,880
Speaker 1: they can. Yeah, I mean it's yeahs shown you is

600
00:33:42,920 --> 00:33:45,920
Speaker 1: absolutely the case. You know, we looked at that gap

601
00:33:46,000 --> 00:33:49,200
Speaker 1: in corporate profits which is up like by I think

602
00:33:49,200 --> 00:33:52,800
Speaker 1: at the high record number in twenty twenty one, which

603
00:33:52,960 --> 00:33:56,520
Speaker 1: again nobody's denying that there has not been a massive

604
00:33:56,520 --> 00:34:00,240
Speaker 1: demand shock. As the chairman indicates, that is absolute the

605
00:34:00,280 --> 00:34:04,440
Speaker 1: case due to both money savings, weird wonky stuff within

606
00:34:04,480 --> 00:34:08,840
Speaker 1: the economy, supplies chain issues and all of that. But also,

607
00:34:09,120 --> 00:34:13,359
Speaker 1: as we've seen, the corporations are bragging to their shareholders

608
00:34:13,520 --> 00:34:16,440
Speaker 1: that because people expected increase in price, they can increase

609
00:34:16,480 --> 00:34:19,200
Speaker 1: it even more so than they actually have to. And

610
00:34:19,480 --> 00:34:21,320
Speaker 1: this is the part two which also kind of drives

611
00:34:21,320 --> 00:34:26,319
Speaker 1: me nuts, where people deny the ability for local monopolies,

612
00:34:26,360 --> 00:34:30,320
Speaker 1: so not necessarily a monopoly nationwide, but in specific areas

613
00:34:30,600 --> 00:34:34,880
Speaker 1: obviously have massive ability in order to manipulate price, especially

614
00:34:34,880 --> 00:34:38,720
Speaker 1: when people don't have all that much competition. And look,

615
00:34:38,840 --> 00:34:42,520
Speaker 1: we got the final numbers on inflation. Let's look at

616
00:34:42,520 --> 00:34:47,279
Speaker 1: the key price hikes where everything is concentrated, specifically in

617
00:34:47,520 --> 00:34:50,520
Speaker 1: these areas which are most subject to the supply shock.

618
00:34:50,560 --> 00:34:53,520
Speaker 1: Put it up there on the screen. Gas is up

619
00:34:53,680 --> 00:34:59,560
Speaker 1: forty nine point six percent. Is a constitution inflation fuel

620
00:34:59,600 --> 00:35:02,920
Speaker 1: oil forty one percent. That's something that really relates to

621
00:35:02,920 --> 00:35:06,520
Speaker 1: people who heat their homes, especially in rural areas. Use cars.

622
00:35:06,960 --> 00:35:09,960
Speaker 1: This is an annual number, right, just so you know,

623
00:35:10,000 --> 00:35:12,160
Speaker 1: because it's a little bit confusing from the TWEE assess.

624
00:35:12,200 --> 00:35:14,760
Speaker 1: Inflation hit seven percent in December. That's an annualized number,

625
00:35:14,800 --> 00:35:16,560
Speaker 1: that's right. Yeah, So that's the annualized number. And this

626
00:35:16,600 --> 00:35:19,359
Speaker 1: is also the annualized increase year over year. Use cars

627
00:35:19,400 --> 00:35:22,479
Speaker 1: up thirty seven, rental cars up thirty six, hotels twenty seven,

628
00:35:22,560 --> 00:35:27,200
Speaker 1: utility gas twenty four, steak twenty one, beef eighteen point six,

629
00:35:27,480 --> 00:35:31,640
Speaker 1: bacon eighteen point six, furniture thirteen point eight, tires twelve

630
00:35:31,680 --> 00:35:35,799
Speaker 1: point four, new cars twelve. So guys, basically get it.

631
00:35:35,800 --> 00:35:39,160
Speaker 1: It's gas, and it's food and it's travel. Those are

632
00:35:39,200 --> 00:35:42,040
Speaker 1: the three things where you've seen a massive increase in

633
00:35:42,360 --> 00:35:45,560
Speaker 1: price of goods. All three are subject to massive supply

634
00:35:45,640 --> 00:35:49,359
Speaker 1: shock for various reasons. A lot of it, almost all

635
00:35:49,400 --> 00:35:52,160
Speaker 1: of it actually has to do with globalization. And I

636
00:35:52,239 --> 00:35:54,560
Speaker 1: wish that somebody would talk about that, I mean drives

637
00:35:54,600 --> 00:35:56,879
Speaker 1: me nuts. Yeah, that people look at this and you're like, yeah,

638
00:35:56,920 --> 00:35:59,640
Speaker 1: we have an international gas market, domestic supply here in

639
00:35:59,640 --> 00:36:03,200
Speaker 1: the United States is actually subject to international demand rather

640
00:36:03,239 --> 00:36:05,399
Speaker 1: than domestic demand. Doesn't make a whole lot of sense

641
00:36:05,440 --> 00:36:09,080
Speaker 1: to me. And yet we just allow Exxon and Chevron

642
00:36:09,120 --> 00:36:11,479
Speaker 1: and all these people to ship out half the gas

643
00:36:11,480 --> 00:36:13,920
Speaker 1: that we produce here naturally, even though we don't have

644
00:36:14,000 --> 00:36:16,319
Speaker 1: to same. Whenever it comes to food, I mean, you

645
00:36:16,360 --> 00:36:19,200
Speaker 1: have a huge increase in the price of fertilizer, droughts

646
00:36:19,239 --> 00:36:22,800
Speaker 1: in Brazil, droughts in Montana, you know, increase in demand

647
00:36:22,880 --> 00:36:25,919
Speaker 1: of people staying at home, plus the shipping crisis. Yeah,

648
00:36:25,960 --> 00:36:27,960
Speaker 1: you have an increase in food. And then I mean

649
00:36:28,160 --> 00:36:31,920
Speaker 1: the used car one we've talked about endlessly semiconductors. I

650
00:36:32,000 --> 00:36:35,920
Speaker 1: heard stories about Detroit. Who is Detroit is designing new

651
00:36:35,960 --> 00:36:40,040
Speaker 1: cars by promising buyers stuff that they'll slot in into

652
00:36:40,080 --> 00:36:42,600
Speaker 1: their car in the future. So they're basically like selling

653
00:36:42,600 --> 00:36:45,160
Speaker 1: them a three fourth finished car. This is all plans

654
00:36:45,200 --> 00:36:47,200
Speaker 1: in Detroit right now because they're freaking out. They they

655
00:36:47,239 --> 00:36:48,920
Speaker 1: don't have cars. I think it's have a friend who

656
00:36:49,000 --> 00:36:52,960
Speaker 1: works at the truck assembly plan in Louisville, and he

657
00:36:53,000 --> 00:36:55,799
Speaker 1: hasn't worked in like twenty days because they just you know,

658
00:36:55,840 --> 00:36:59,279
Speaker 1: it's one of the chips. It's they had the what

659
00:36:59,320 --> 00:37:01,439
Speaker 1: do they call him chat these the frame of the car.

660
00:37:01,760 --> 00:37:03,879
Speaker 1: It's shortage of those. It's just been like one thing

661
00:37:03,920 --> 00:37:08,399
Speaker 1: after another. And so yeah, it's it's bad when you

662
00:37:08,920 --> 00:37:11,840
Speaker 1: it turns out that it's good to make some things

663
00:37:11,880 --> 00:37:15,680
Speaker 1: here and not be totally dependent on you know, China

664
00:37:15,680 --> 00:37:19,320
Speaker 1: and the rest of the world for our basic goods

665
00:37:19,360 --> 00:37:23,160
Speaker 1: to continue to continue living life here. It hasn't worked

666
00:37:23,160 --> 00:37:25,680
Speaker 1: out that well. And then the other piece of this

667
00:37:25,880 --> 00:37:28,919
Speaker 1: that Elizabeth Warren very effectively, if I you know, gets

668
00:37:28,960 --> 00:37:31,320
Speaker 1: your own power to admit even though he really didn't

669
00:37:31,360 --> 00:37:33,480
Speaker 1: want to. I was surprised by that. I didn't really

670
00:37:33,600 --> 00:37:36,319
Speaker 1: understand why he was being so reluctant because these are

671
00:37:36,480 --> 00:37:38,759
Speaker 1: I mean, you know, we have this illusion of the

672
00:37:38,760 --> 00:37:41,760
Speaker 1: Fed being this like independent, these wise men and women

673
00:37:41,840 --> 00:37:44,239
Speaker 1: who are largely academics, but they're deeply tied in with

674
00:37:44,280 --> 00:37:47,200
Speaker 1: Wall Street. I mean, that's their milia. The Federal Reserve

675
00:37:47,440 --> 00:37:51,960
Speaker 1: is comprised of series of regional banks. The whole system

676
00:37:52,080 --> 00:37:55,759
Speaker 1: was created by bankers, effectively, So I think that's why

677
00:37:55,880 --> 00:37:58,120
Speaker 1: is they're just so tied in with Wall Street that

678
00:37:58,600 --> 00:38:02,359
Speaker 1: they don't want to admit. But what the corporations themselves

679
00:38:02,480 --> 00:38:07,520
Speaker 1: are acknowledging that they're doing. So she gets him to admit, yeah,

680
00:38:07,560 --> 00:38:10,800
Speaker 1: they're raising prices because they can. Well, that's exactly the

681
00:38:10,840 --> 00:38:13,480
Speaker 1: point here. They can. They have the excuse of inflation,

682
00:38:13,920 --> 00:38:17,600
Speaker 1: they have monopoly power, and so they're raking in record

683
00:38:17,640 --> 00:38:21,319
Speaker 1: profit margins because they're able to use the excuse of

684
00:38:21,320 --> 00:38:24,960
Speaker 1: inflation to lift prices way more than is actually justified.

685
00:38:25,280 --> 00:38:30,120
Speaker 1: And so the reason they don't want to acknowledge the

686
00:38:30,160 --> 00:38:34,399
Speaker 1: globalization issues, just in time issues and the corporate greed

687
00:38:34,440 --> 00:38:37,720
Speaker 1: issues is because that would require them changing business as usual.

688
00:38:37,880 --> 00:38:39,960
Speaker 1: That's true. The easiest thing in the world to do

689
00:38:40,320 --> 00:38:43,440
Speaker 1: is to say, you all got a little stimulus check

690
00:38:44,000 --> 00:38:46,280
Speaker 1: and now you're able to like buy a few things.

691
00:38:46,719 --> 00:38:49,160
Speaker 1: Let's make sure that you're more impoverished, so you can't

692
00:38:49,239 --> 00:38:51,560
Speaker 1: keep doing that. That's the easiest thing in the world

693
00:38:51,560 --> 00:38:53,680
Speaker 1: for them to do. Then that doesn't require them to

694
00:38:53,760 --> 00:38:58,200
Speaker 1: change businesses usual. So that is Look, that is part

695
00:38:58,200 --> 00:38:59,960
Speaker 1: of the story is that people were able to save

696
00:39:00,120 --> 00:39:02,120
Speaker 1: there was a demand shot coming out on the pandemic.

697
00:39:02,400 --> 00:39:05,680
Speaker 1: You know, people can't still can't go out and you know,

698
00:39:05,719 --> 00:39:08,000
Speaker 1: engage in services and those sorts of things, so they're

699
00:39:08,040 --> 00:39:11,040
Speaker 1: buying more goods that is part of the story. But

700
00:39:11,160 --> 00:39:14,400
Speaker 1: why would you want to respond to this multifaceted crisis

701
00:39:14,480 --> 00:39:18,600
Speaker 1: by making the American people poor, which is what the

702
00:39:19,000 --> 00:39:21,359
Speaker 1: you know, the sort of mainstream conventional wisdom, that's what

703
00:39:21,400 --> 00:39:23,719
Speaker 1: it would lead you ultimately to do. Yeah, sadly, that's

704
00:39:23,719 --> 00:39:25,600
Speaker 1: probably what's going to happen. I just wanted to warn

705
00:39:25,640 --> 00:39:28,920
Speaker 1: you all that's almost entirely the most likely thing that's

706
00:39:28,960 --> 00:39:32,040
Speaker 1: going to happen. Hundred percent were already had in that direction. Yeah,

707
00:39:32,040 --> 00:39:35,080
Speaker 1: that's right. Okay, let's move on to Donald Trump. This

708
00:39:35,160 --> 00:39:38,680
Speaker 1: has been very interesting to watch, so you might not

709
00:39:38,880 --> 00:39:42,840
Speaker 1: recall this, but Governor DeSantis was recently interviewed and asked

710
00:39:42,840 --> 00:39:45,319
Speaker 1: whether he got the booster shot, and he kind of

711
00:39:45,360 --> 00:39:49,000
Speaker 1: demurred and did not confirm whether the answer was yes

712
00:39:49,280 --> 00:39:53,359
Speaker 1: or no. Now, next, Donald Trump was then interviewed by

713
00:39:53,440 --> 00:39:56,480
Speaker 1: Oan and it's the same situation as during the Candice

714
00:39:56,520 --> 00:39:58,879
Speaker 1: Owens interview, where the interviewer clearly wants him to say,

715
00:39:58,920 --> 00:40:02,759
Speaker 1: like I regret the vaccine, like trast the vaccine, you know,

716
00:40:02,840 --> 00:40:05,520
Speaker 1: all of that, and Trump comes out forcefully, not only

717
00:40:05,560 --> 00:40:08,759
Speaker 1: in effect for the vaccine, but calls out DeSantis in

718
00:40:08,880 --> 00:40:12,080
Speaker 1: all but name. Let's take a listen, do you reconsider

719
00:40:12,160 --> 00:40:14,359
Speaker 1: your push for it or what's your view now on

720
00:40:14,400 --> 00:40:17,879
Speaker 1: the vaccine in job? Well, I've taken it. I've had

721
00:40:17,880 --> 00:40:21,680
Speaker 1: the booster many politicians. I watched a couple of politicians

722
00:40:21,719 --> 00:40:24,799
Speaker 1: being interviewed and one of the questions was did you

723
00:40:24,800 --> 00:40:28,040
Speaker 1: get the booster because they had the vaccine? And they, oh,

724
00:40:28,280 --> 00:40:30,600
Speaker 1: they're answering it like in other words, the answer is yes,

725
00:40:30,600 --> 00:40:33,400
Speaker 1: but they don't want to say it because they've goutless.

726
00:40:33,480 --> 00:40:35,759
Speaker 1: You've got to say it, whether you had it or

727
00:40:35,800 --> 00:40:38,920
Speaker 1: not say it. But the fact is that I think

728
00:40:39,120 --> 00:40:42,720
Speaker 1: the vaccine has saved tens of millions of people throughout

729
00:40:42,760 --> 00:40:46,359
Speaker 1: the world. I have had absolutely no side effects. I've

730
00:40:46,400 --> 00:40:49,160
Speaker 1: had it like other people have had it. Nothing special.

731
00:40:49,680 --> 00:40:53,480
Speaker 1: I've had it. Wow, I mean interesting, Yeah, I just

732
00:40:53,640 --> 00:40:56,680
Speaker 1: I think it's once again an area where this is

733
00:40:56,840 --> 00:41:00,879
Speaker 1: I always try to ponder counterfactuals, which is that, yes,

734
00:41:01,440 --> 00:41:04,360
Speaker 1: you know, it may seem more calm with Trump off Twitter,

735
00:41:04,560 --> 00:41:06,840
Speaker 1: but what did we lose? And this is again shows

736
00:41:06,880 --> 00:41:10,080
Speaker 1: you the you know, many cascading and twentieth order effects

737
00:41:10,120 --> 00:41:12,800
Speaker 1: of censorship. Yeah, you lost, you know, he was banned

738
00:41:12,840 --> 00:41:15,919
Speaker 1: or whatever on January sixth. But there's a world, where

739
00:41:15,920 --> 00:41:19,399
Speaker 1: this entire right wing response looks completely different if Trump

740
00:41:19,520 --> 00:41:22,160
Speaker 1: was on Twitter. A huge amount of what we see

741
00:41:22,200 --> 00:41:25,239
Speaker 1: in terms of vaccine activity and more on the right

742
00:41:25,600 --> 00:41:28,360
Speaker 1: is in the absence of Trump as a singular figure,

743
00:41:28,680 --> 00:41:31,600
Speaker 1: and I see this very clearly. I also think now

744
00:41:31,680 --> 00:41:33,719
Speaker 1: that him getting booted off Twitter is probably the best

745
00:41:33,719 --> 00:41:36,680
Speaker 1: thing that ever happened for him. He receded from public memory.

746
00:41:36,920 --> 00:41:39,719
Speaker 1: Whenever he does pop up and enter the public consciousness,

747
00:41:39,960 --> 00:41:43,080
Speaker 1: it is in moments like this one. You know, in general,

748
00:41:43,400 --> 00:41:46,560
Speaker 1: people blame the country's problems on Joe Biden. Rightfully, they

749
00:41:46,600 --> 00:41:48,880
Speaker 1: don't even consider Trump, you know, they're like, it's kind

750
00:41:48,880 --> 00:41:52,920
Speaker 1: of like a yesteryear phenomena, and the intensity of the

751
00:41:52,960 --> 00:41:55,600
Speaker 1: way that you feel starts to fade. And I see

752
00:41:55,600 --> 00:41:58,680
Speaker 1: clips like that, and I just think about Trump, by

753
00:41:58,800 --> 00:42:01,600
Speaker 1: not being such a big forced in the vaccine discourse

754
00:42:01,640 --> 00:42:04,000
Speaker 1: on the right. And I'm talking over a year ago. Now,

755
00:42:04,320 --> 00:42:06,520
Speaker 1: there's very likely a way in which he negates and

756
00:42:06,640 --> 00:42:10,040
Speaker 1: nukes all of this and ridicules people on the right

757
00:42:10,200 --> 00:42:13,480
Speaker 1: for not doing so. Like this so very interesting in

758
00:42:13,560 --> 00:42:16,600
Speaker 1: order to see that. But honestly, at this point, I

759
00:42:16,600 --> 00:42:18,319
Speaker 1: think it might be too late. I mean, I think

760
00:42:18,360 --> 00:42:19,640
Speaker 1: so much of it has a life of its own.

761
00:42:20,360 --> 00:42:22,080
Speaker 1: You know. It really is like you look at canvas

762
00:42:22,080 --> 00:42:24,040
Speaker 1: saying she would rather die of COVID than take the

763
00:42:24,040 --> 00:42:27,160
Speaker 1: COVID vaccine, or you know, a lot of these other

764
00:42:27,840 --> 00:42:30,240
Speaker 1: a lot of these other people in the absence of Trump,

765
00:42:30,280 --> 00:42:32,600
Speaker 1: you know, kind of decided to go in this way.

766
00:42:32,680 --> 00:42:35,359
Speaker 1: And now Trump coming out and calling them out isn't

767
00:42:35,400 --> 00:42:38,279
Speaker 1: necessarily going to do anything. Yeah, And I was thinking

768
00:42:38,320 --> 00:42:41,440
Speaker 1: about this in terms of the sort of political calculus.

769
00:42:41,480 --> 00:42:43,880
Speaker 1: I mean, this is something we've talked about on this show.

770
00:42:44,000 --> 00:42:45,799
Speaker 1: Is that you've got like, what is it, eighty five

771
00:42:45,800 --> 00:42:49,319
Speaker 1: percent adult of the adult population that's had at least

772
00:42:49,400 --> 00:42:53,480
Speaker 1: one shot. That means even within the Republican Party, Trump's

773
00:42:53,480 --> 00:42:57,120
Speaker 1: position is the majority position, I know, especially ninety five

774
00:42:57,160 --> 00:43:01,920
Speaker 1: percent of boomers are vaccinated, ninety five percent of them. Yeah, yes, exactly, so,

775
00:43:01,920 --> 00:43:06,319
Speaker 1: so he actually is on firm political ground, not with

776
00:43:06,480 --> 00:43:09,400
Speaker 1: maybe the most ardent supporters, but with the majority of

777
00:43:09,400 --> 00:43:12,560
Speaker 1: the Republican base. He's on solid footing here, which is

778
00:43:12,600 --> 00:43:15,120
Speaker 1: also I mean, that's just interesting to note and very

779
00:43:15,160 --> 00:43:18,040
Speaker 1: different than the picture that I think is often painted

780
00:43:18,080 --> 00:43:22,000
Speaker 1: because you do have more vaccine hesitancy sort of ideological

781
00:43:22,120 --> 00:43:25,480
Speaker 1: vaccine hesitancy on that side of the aisle. I did

782
00:43:25,520 --> 00:43:28,480
Speaker 1: want to say the what Desantas said because I found

783
00:43:28,480 --> 00:43:31,920
Speaker 1: the quote when he was asked by Maria Bartiromo. This

784
00:43:32,040 --> 00:43:35,840
Speaker 1: was back in December. If she said you got to

785
00:43:35,880 --> 00:43:38,520
Speaker 1: say it, well that was that was a yeah, Trump

786
00:43:38,600 --> 00:43:40,560
Speaker 1: said you got to say it. What whether you had

787
00:43:40,600 --> 00:43:43,399
Speaker 1: it or not, barbaro. But back in December had asked

788
00:43:43,400 --> 00:43:47,200
Speaker 1: Asantis and he said, quote, I did done whatever I

789
00:43:47,320 --> 00:43:51,200
Speaker 1: did the normal shot. So he would not say and

790
00:43:51,840 --> 00:43:54,440
Speaker 1: right like that doesn't even yeah, it's not even like

791
00:43:54,480 --> 00:43:59,719
Speaker 1: really English. The other thing I wanted to note here

792
00:43:59,880 --> 00:44:03,439
Speaker 1: is that Governor Jim Justice of West Virginia, huh, has

793
00:44:03,480 --> 00:44:08,640
Speaker 1: COVID right now and is is vaxed, is boosted, and

794
00:44:08,719 --> 00:44:12,879
Speaker 1: is apparently very ill. He described he described himself as

795
00:44:13,080 --> 00:44:18,760
Speaker 1: extremely unwell, had to postpone his State of the State speech.

796
00:44:19,040 --> 00:44:21,160
Speaker 1: So just wanted to say, you know, we're thinking of

797
00:44:21,239 --> 00:44:23,440
Speaker 1: him and his family because he's he's an older guy.

798
00:44:23,480 --> 00:44:26,759
Speaker 1: He's a heavier guy, big duties, Like he's either six

799
00:44:26,760 --> 00:44:29,239
Speaker 1: foot seven or six foot eight, and I've met him

800
00:44:29,280 --> 00:44:31,399
Speaker 1: in person. He is a sort of larger than life

801
00:44:31,440 --> 00:44:33,560
Speaker 1: figure and he has you know, a number of comorbidities

802
00:44:33,600 --> 00:44:36,480
Speaker 1: that would put him at more risk with coronavirus. So

803
00:44:36,719 --> 00:44:38,440
Speaker 1: you can see there are still people who even when

804
00:44:38,440 --> 00:44:41,440
Speaker 1: they're vaxxed and boosted, continued to be at risk because

805
00:44:41,520 --> 00:44:43,480
Speaker 1: of their you know, sort of personal health death. I

806
00:44:43,480 --> 00:44:45,200
Speaker 1: heard all the time people who just got the booster

807
00:44:45,239 --> 00:44:47,600
Speaker 1: shot now they have COVID or whatever. I just you know,

808
00:44:47,640 --> 00:44:50,520
Speaker 1: it's another thing. Yes, it protects you from a hospitalization

809
00:44:50,600 --> 00:44:54,040
Speaker 1: and death. But look, be very, be very very you

810
00:44:54,080 --> 00:44:56,440
Speaker 1: know clear that taking care of yourself is one of

811
00:44:56,480 --> 00:44:59,359
Speaker 1: the best ways in order to avoid having a bad time,

812
00:44:59,400 --> 00:45:01,759
Speaker 1: not just what co but with all disease. Something I've

813
00:45:01,800 --> 00:45:04,480
Speaker 1: really learned from this I do want to highlight something

814
00:45:04,640 --> 00:45:07,920
Speaker 1: which has been fascinating to me is that Trump shot

815
00:45:08,000 --> 00:45:11,240
Speaker 1: at DeSantis spawned a lot of conversation on the online

816
00:45:11,360 --> 00:45:15,799
Speaker 1: right who were trashing Trump for going after DeSantis because yeah,

817
00:45:15,800 --> 00:45:19,520
Speaker 1: so and Coulter actually said this quote exclusive Trump is

818
00:45:19,560 --> 00:45:23,000
Speaker 1: demanding to know Ron DeSantis's booster status, and I can

819
00:45:23,000 --> 00:45:25,560
Speaker 1: now reveal it. He was a loyal booster when Trump

820
00:45:25,680 --> 00:45:28,320
Speaker 1: ran in twenty sixteen. Then he learned our president was

821
00:45:28,360 --> 00:45:30,840
Speaker 1: a liar and a con man whose grift was permanent.

822
00:45:30,920 --> 00:45:33,480
Speaker 1: I hope that clears things up. Of course, Culter has

823
00:45:33,520 --> 00:45:35,440
Speaker 1: hated Trump for a while. She has. But then I

824
00:45:35,480 --> 00:45:38,000
Speaker 1: also saw a guy, Matt Wallash, she works over at

825
00:45:38,000 --> 00:45:40,719
Speaker 1: the Daily Wire, kind of interesting, more libertarian figure, and

826
00:45:40,760 --> 00:45:42,440
Speaker 1: he again was doing the same thing. He's like, hey,

827
00:45:42,600 --> 00:45:46,240
Speaker 1: is a classic Trump trashing the one national figure who

828
00:45:46,280 --> 00:45:49,600
Speaker 1: actually would have a chance in his absence. So there

829
00:45:49,600 --> 00:45:52,400
Speaker 1: has now been you know, kind of an internacine war

830
00:45:52,560 --> 00:45:56,680
Speaker 1: online as to people turning against Trump for going after

831
00:45:56,719 --> 00:45:59,320
Speaker 1: DeSantis because they see DeSantis as a much more competent,

832
00:45:59,360 --> 00:46:02,360
Speaker 1: true figure, you know, on the national political stage. I

833
00:46:02,360 --> 00:46:05,000
Speaker 1: just thought it was a fascinating thing too. I think

834
00:46:05,080 --> 00:46:07,480
Speaker 1: in a way that this could also be driven by

835
00:46:07,480 --> 00:46:11,239
Speaker 1: Trump's insecurity as seeing DeSantis kind of rise up and

836
00:46:12,080 --> 00:46:14,480
Speaker 1: take a lot of national media attention. I mean, at

837
00:46:14,480 --> 00:46:17,759
Speaker 1: his core, that's all he cares about, his attention on him,

838
00:46:17,840 --> 00:46:21,480
Speaker 1: on himself, and you know, very very very jealously guards

839
00:46:21,760 --> 00:46:24,719
Speaker 1: his role as the number one person within the Republican

840
00:46:24,760 --> 00:46:26,959
Speaker 1: Party and his hold on the base. So there's another

841
00:46:27,080 --> 00:46:29,719
Speaker 1: element to it too. I'm just saying, yeah, I found

842
00:46:29,760 --> 00:46:32,120
Speaker 1: it all interesting. I mean, the Republican Party is very

843
00:46:32,200 --> 00:46:35,480
Speaker 1: much Trump's party if he runs he'll be the nominee,

844
00:46:36,280 --> 00:46:38,680
Speaker 1: but he is super petty, and so the fact that

845
00:46:38,719 --> 00:46:40,840
Speaker 1: Desantas even has a little bit of a toe hold

846
00:46:40,920 --> 00:46:43,920
Speaker 1: even though he's not a real threat to people like whatsoever. Yes,

847
00:46:44,400 --> 00:46:47,239
Speaker 1: I'm sure that that's definitely part of his calculus that here.

848
00:46:47,360 --> 00:46:50,120
Speaker 1: I do think your counterfactual is interesting to contemplate too,

849
00:46:50,560 --> 00:46:52,800
Speaker 1: the fact that we don't have Trump in our face

850
00:46:52,840 --> 00:46:56,040
Speaker 1: on Twitter every day reminding us how annoying and obnoxious

851
00:46:56,080 --> 00:46:59,600
Speaker 1: and awful he is routinely. That probably has helped him,

852
00:47:00,080 --> 00:47:03,319
Speaker 1: probably has put him in better position because memories have

853
00:47:03,400 --> 00:47:07,560
Speaker 1: faded and people have forgotten how like horrible and selfish

854
00:47:07,560 --> 00:47:10,319
Speaker 1: and narcissistic. Well, there's just none of the there's none

855
00:47:10,360 --> 00:47:13,480
Speaker 1: of the like Stormy Daniels as a horse face, you know,

856
00:47:13,560 --> 00:47:15,719
Speaker 1: there's none of like all that other stuff which was

857
00:47:15,800 --> 00:47:19,319
Speaker 1: intrinsic to Trump. Now whenever it, you know, whenever he

858
00:47:19,360 --> 00:47:21,880
Speaker 1: comes out, it's in a more filtered format. Most of

859
00:47:21,880 --> 00:47:25,200
Speaker 1: his statements don't get any play whatsoever. It's only in

860
00:47:25,320 --> 00:47:28,520
Speaker 1: these kind of breakout moments in which the media covers him.

861
00:47:28,800 --> 00:47:31,320
Speaker 1: And you know, with all the national tension on Biden,

862
00:47:31,560 --> 00:47:35,200
Speaker 1: then there's nothing to really compare it to so it's

863
00:47:35,239 --> 00:47:38,239
Speaker 1: it's a very fascinating thing to me that it could

864
00:47:38,280 --> 00:47:41,520
Speaker 1: be the best thing that ever happened to Trump politically,

865
00:47:42,239 --> 00:47:46,040
Speaker 1: allowing him to not remind people constantly of the most

866
00:47:46,080 --> 00:47:49,320
Speaker 1: odious and annoying parts of his personality and letting people

867
00:47:49,360 --> 00:47:52,960
Speaker 1: only remember the good times of twenty nineteen or whatever.

868
00:47:53,040 --> 00:47:56,960
Speaker 1: You know, People's consciousness and their memory changes very very quickly.

869
00:47:57,480 --> 00:48:00,200
Speaker 1: One year is an eternity in American politics. So you

870
00:48:00,200 --> 00:48:02,920
Speaker 1: put that all together and you see this. I see

871
00:48:03,200 --> 00:48:06,000
Speaker 1: a jockeying for being the top of the Republican party.

872
00:48:06,160 --> 00:48:10,040
Speaker 1: Look with a good message, undeniably of it, and just

873
00:48:10,080 --> 00:48:12,520
Speaker 1: to it makes me really think. I'm like, what would

874
00:48:12,520 --> 00:48:14,760
Speaker 1: the world look like with Donald Trump on Twitter today?

875
00:48:14,840 --> 00:48:16,439
Speaker 1: Maybe it would be a better one in some ways

876
00:48:16,440 --> 00:48:18,160
Speaker 1: and worse than others. I don't know. Yeah, we had

877
00:48:18,200 --> 00:48:21,360
Speaker 1: no idea. We'll never know. Okay, this is you found this.

878
00:48:21,719 --> 00:48:24,680
Speaker 1: I love this. Two of some of the greatest op

879
00:48:24,800 --> 00:48:28,200
Speaker 1: eds in history. We always save our we always save

880
00:48:28,440 --> 00:48:31,399
Speaker 1: the e block, the last block. Peak corporate media right here,

881
00:48:31,440 --> 00:48:35,240
Speaker 1: this is peak corporate brain media. Rot so many different

882
00:48:35,239 --> 00:48:37,799
Speaker 1: ways to describe it. Let's put these joint op eds

883
00:48:37,840 --> 00:48:40,319
Speaker 1: they dropped on the exact same day, which is kind

884
00:48:40,360 --> 00:48:43,560
Speaker 1: of amazing to me. Thomas Friedman, of the world is

885
00:48:43,600 --> 00:48:47,880
Speaker 1: flat fame, says Biden Cheney twenty twenty four, but even

886
00:48:48,000 --> 00:48:50,400
Speaker 1: worse over at the Wall Street Journal, I don't know

887
00:48:50,520 --> 00:48:56,920
Speaker 1: Hillary Clinton's twenty twenty four election comeback. Oh my god.

888
00:48:57,520 --> 00:49:00,400
Speaker 1: So let's start with this. By the way, that on

889
00:49:00,440 --> 00:49:03,480
Speaker 1: Instagram and I got a hilarious joke saying that Hillary

890
00:49:03,560 --> 00:49:05,600
Speaker 1: is on her fifth poor crux. That's for all my

891
00:49:05,640 --> 00:49:11,080
Speaker 1: Harry Potter fans out there. Look, let's go ahead and

892
00:49:11,160 --> 00:49:14,720
Speaker 1: actually consider this, right, What exactly is the Hillary argument

893
00:49:14,760 --> 00:49:17,319
Speaker 1: that they're saying here, So Doug Shown and Andrew Stein,

894
00:49:17,400 --> 00:49:20,160
Speaker 1: So they say, Joe Biden and Kamala Harris have become unpopular.

895
00:49:20,440 --> 00:49:24,520
Speaker 1: It is time for a change candidate. Nothing says change

896
00:49:25,000 --> 00:49:28,920
Speaker 1: like Hillary Clinton four times a charm, folks. And the

897
00:49:29,000 --> 00:49:31,879
Speaker 1: amazing thing, though, is that the tortured logic of it

898
00:49:31,920 --> 00:49:37,120
Speaker 1: makes sense. Kamala is super unpopular. Joe Biden's poll Quinnipiac

899
00:49:37,160 --> 00:49:39,200
Speaker 1: poll just came out. He's a thirty two percent, one

900
00:49:39,200 --> 00:49:42,520
Speaker 1: of the lowest on record for a sitting American president

901
00:49:42,520 --> 00:49:45,800
Speaker 1: in his first year in office, nearing Trump territory without

902
00:49:45,840 --> 00:49:49,840
Speaker 1: any of the actual like the actual fervor of his

903
00:49:49,920 --> 00:49:52,919
Speaker 1: own base. And so they look at Kama being as

904
00:49:53,640 --> 00:49:57,640
Speaker 1: as if not more so, unpopular than Biden, and they go, Okay, well,

905
00:49:57,680 --> 00:50:01,279
Speaker 1: who's somebody who could do it? Hillary and those of

906
00:50:01,360 --> 00:50:05,040
Speaker 1: us are saying, yeah, but how much more marginally popular

907
00:50:05,680 --> 00:50:08,880
Speaker 1: is she? I mean, maybe a little bit more than Kamala,

908
00:50:09,200 --> 00:50:12,240
Speaker 1: But this is still somebody who is probably the most

909
00:50:12,239 --> 00:50:16,840
Speaker 1: odious and hated American figure in modern politics. And you

910
00:50:16,960 --> 00:50:20,680
Speaker 1: know she, yes, she literally lost. She has a routine

911
00:50:20,960 --> 00:50:26,680
Speaker 1: proof lost to the likely Republican candidate of twenty twenty four.

912
00:50:27,000 --> 00:50:29,040
Speaker 1: It says also a lot about the fact that how

913
00:50:29,040 --> 00:50:31,440
Speaker 1: do we keep putting up the same people over and

914
00:50:31,480 --> 00:50:34,160
Speaker 1: over and over? And that is a shot sign of

915
00:50:34,200 --> 00:50:38,360
Speaker 1: a stagnating republic. But the other one is also important

916
00:50:38,400 --> 00:50:42,280
Speaker 1: to understand from Thomas Friedman, because this is just pure

917
00:50:42,760 --> 00:50:47,000
Speaker 1: New York Times like neoliberal breed. Because what he's like, Well,

918
00:50:47,239 --> 00:50:51,360
Speaker 1: Liz Cheney stood up for democracy, and so Joe Biden

919
00:50:51,600 --> 00:50:54,600
Speaker 1: and Liz Cheney can team up in order to defend

920
00:50:54,840 --> 00:50:58,759
Speaker 1: democracy because this is the real right left. And you

921
00:50:58,800 --> 00:51:01,640
Speaker 1: know the point we try to make here right and

922
00:51:01,719 --> 00:51:03,759
Speaker 1: left in the way that you understood it in two

923
00:51:03,760 --> 00:51:06,760
Speaker 1: thousand and four. That does not make any goddamn sense

924
00:51:07,160 --> 00:51:10,440
Speaker 1: in the year twenty twenty two. Biden and Cheney have

925
00:51:10,560 --> 00:51:13,520
Speaker 1: a lot in common in terms of their political orientation,

926
00:51:13,840 --> 00:51:16,600
Speaker 1: in terms of their policy priorities, in terms of their

927
00:51:16,640 --> 00:51:19,319
Speaker 1: record on the war in Iraq. I mean, that's why

928
00:51:19,360 --> 00:51:22,600
Speaker 1: this block is called uniparty, because that's really what it is.

929
00:51:22,960 --> 00:51:25,600
Speaker 1: If you look at the institutional interests of Washington that

930
00:51:25,640 --> 00:51:28,360
Speaker 1: the two of them seem to represent, there is not

931
00:51:28,480 --> 00:51:31,960
Speaker 1: a lot of difference between the two and you look

932
00:51:32,000 --> 00:51:35,000
Speaker 1: at the brain of the pundits, and this is how

933
00:51:35,040 --> 00:51:41,400
Speaker 1: they grapple with the idea of Biden losing popularity amongst

934
00:51:41,400 --> 00:51:45,000
Speaker 1: the American people. They cannot tell you why Biden is unpopular,

935
00:51:45,280 --> 00:51:48,680
Speaker 1: and the story of why informs what you want to

936
00:51:48,719 --> 00:51:51,840
Speaker 1: do in order to correct it. The idea that a

937
00:51:52,120 --> 00:51:56,839
Speaker 1: Cheney would be the savior of democracy, that's also that

938
00:51:56,840 --> 00:52:00,680
Speaker 1: that's the real left right divide is also complete nonsense,

939
00:52:00,800 --> 00:52:04,840
Speaker 1: and that you know, it's actually useful op ed because

940
00:52:04,880 --> 00:52:08,240
Speaker 1: this is the ideology of liberal elites at this point.

941
00:52:08,280 --> 00:52:10,520
Speaker 1: That's how they're able to make common cause with someone

942
00:52:10,600 --> 00:52:14,240
Speaker 1: like Liz Chaney and put aside all of the totally abhorrent,

943
00:52:14,719 --> 00:52:19,640
Speaker 1: you know, militaristic tendencies of her and you know record

944
00:52:19,719 --> 00:52:21,560
Speaker 1: of her father and all of that, and say, oh,

945
00:52:21,640 --> 00:52:23,720
Speaker 1: this is a hero, This is someone we should embrace,

946
00:52:23,760 --> 00:52:25,719
Speaker 1: This is someone we should make common cause with. This

947
00:52:25,760 --> 00:52:27,760
Speaker 1: is how you end up with, you know, Nicole Wallace

948
00:52:28,120 --> 00:52:31,719
Speaker 1: as one of the top liberal stars on MSNBC. This

949
00:52:31,760 --> 00:52:33,560
Speaker 1: is how you end up with all of these like

950
00:52:33,760 --> 00:52:39,279
Speaker 1: FBI CIA types being given cushy contracts because what are

951
00:52:39,280 --> 00:52:42,000
Speaker 1: they gonna what are they going to stand for making

952
00:52:42,040 --> 00:52:45,600
Speaker 1: more speeches about January sixth. That's what you really think,

953
00:52:45,680 --> 00:52:48,560
Speaker 1: like the Democratic Party needs right now. They think is

954
00:52:48,840 --> 00:52:51,719
Speaker 1: to you know, to double down on January sixth and

955
00:52:52,440 --> 00:52:55,560
Speaker 1: voting rights, which is just like a debate about process. Effectively,

956
00:52:55,640 --> 00:52:57,840
Speaker 1: I support it, it's fine, but if you're just arguing

957
00:52:57,920 --> 00:53:00,560
Speaker 1: about like the mechanics of the process, you're not even

958
00:53:00,600 --> 00:53:06,320
Speaker 1: really playing the game. So it exposes the true way

959
00:53:06,400 --> 00:53:09,560
Speaker 1: that they think about the country and the type of divide,

960
00:53:10,160 --> 00:53:13,120
Speaker 1: the type of deviceive politics that they want, and it's

961
00:53:13,160 --> 00:53:16,200
Speaker 1: a type that maintains everything as bad as it is,

962
00:53:16,680 --> 00:53:22,760
Speaker 1: but offers more Lin Manuel Miranda show tunes, more Kneeling

963
00:53:22,760 --> 00:53:27,280
Speaker 1: and Ken take Cloth more one sixth denunciation, which ultimately

964
00:53:27,280 --> 00:53:30,879
Speaker 1: doesn't threaten, you know, threaten the livelihoods or the lifestyles

965
00:53:30,920 --> 00:53:34,439
Speaker 1: of the elite class and allows them to feel good

966
00:53:34,480 --> 00:53:37,120
Speaker 1: and virtuous about themselves, feel like they're doing the right

967
00:53:37,160 --> 00:53:38,960
Speaker 1: they feel like they're on the right side of history,

968
00:53:39,400 --> 00:53:44,759
Speaker 1: without actually being committed to effectuating a single change on

969
00:53:44,880 --> 00:53:47,719
Speaker 1: the Hillary thing. Yes, So I was actually debating with

970
00:53:47,800 --> 00:53:50,399
Speaker 1: Kyle a little bit about this. He was like, well,

971
00:53:50,440 --> 00:53:53,239
Speaker 1: he was like, I'm starting to believe that this is

972
00:53:53,239 --> 00:53:57,040
Speaker 1: a real possibility because the case he laid out to

973
00:53:57,080 --> 00:54:01,279
Speaker 1: me is basically like, because I think she's gonna want

974
00:54:01,600 --> 00:54:05,640
Speaker 1: a rematch with Trump, yeah, and the political circle around

975
00:54:05,640 --> 00:54:09,920
Speaker 1: her has vested like personal financial interest in continuing, you know,

976
00:54:10,040 --> 00:54:13,760
Speaker 1: continuing the dream, and that the Democratic Party is stupid

977
00:54:13,880 --> 00:54:15,640
Speaker 1: enough to think that this could be a sort of

978
00:54:15,719 --> 00:54:19,560
Speaker 1: unifying candidate, and the other candidates are totally total failures

979
00:54:19,560 --> 00:54:22,200
Speaker 1: and obviously unpopular. So he was like, you know, I

980
00:54:22,200 --> 00:54:25,160
Speaker 1: think she really may be actually thinking about it. I

981
00:54:25,280 --> 00:54:28,920
Speaker 1: just I just can't you know. The biggest to me,

982
00:54:29,760 --> 00:54:31,959
Speaker 1: I want to say, I can't believe the Democratic Party

983
00:54:32,000 --> 00:54:34,680
Speaker 1: is stupid enough to do this, but oh I can

984
00:54:34,719 --> 00:54:37,960
Speaker 1: believe that actually, yeah, I think the biggest problem for

985
00:54:38,080 --> 00:54:41,000
Speaker 1: her is that her fan base would be the type

986
00:54:41,000 --> 00:54:43,760
Speaker 1: that would say, how can you push aside the first

987
00:54:43,800 --> 00:54:46,839
Speaker 1: woman of color vice president. I think for her that

988
00:54:46,880 --> 00:54:50,440
Speaker 1: would be a real stumbling block and very difficult to overcome,

989
00:54:50,800 --> 00:54:53,640
Speaker 1: which would make her a divisive figure even among her

990
00:54:53,680 --> 00:54:57,440
Speaker 1: own like sort of most hardcore lib fans in the

991
00:54:57,480 --> 00:54:59,600
Speaker 1: Democratic base. Yeah, I think you're right. You know, it's

992
00:54:59,640 --> 00:55:02,759
Speaker 1: just the the entire thing is, I don't see how

993
00:55:02,880 --> 00:55:06,799
Speaker 1: it could happen. That being said, it's more of vidicative

994
00:55:06,880 --> 00:55:09,080
Speaker 1: of the mindset from which they are now going to

995
00:55:09,160 --> 00:55:13,480
Speaker 1: try and find whoever it does come to ultimately replace Biden,

996
00:55:13,560 --> 00:55:16,239
Speaker 1: be it twenty twenty four or be it twenty twenty eight.

997
00:55:16,680 --> 00:55:18,799
Speaker 1: This is the brain which leads you to say Pete

998
00:55:18,840 --> 00:55:21,400
Speaker 1: Budhajeddge is the person to save. I think they the

999
00:55:21,520 --> 00:55:25,200
Speaker 1: Democratic Party. I agree. I agree, And we're gonna for

1000
00:55:25,320 --> 00:55:28,040
Speaker 1: tomorrow we're gonna be talking to a daily poster about

1001
00:55:28,239 --> 00:55:30,239
Speaker 1: the millions of dollars of dark money. I mean, there

1002
00:55:30,239 --> 00:55:33,640
Speaker 1: are donors who are really behind this guy, their imaginations,

1003
00:55:33,680 --> 00:55:35,600
Speaker 1: behind the scene. I mean the challenge for him too,

1004
00:55:35,680 --> 00:55:40,680
Speaker 1: is how do you displace the first black woman vice president?

1005
00:55:40,719 --> 00:55:42,759
Speaker 1: I mean that Listen, if you I love that he's

1006
00:55:42,800 --> 00:55:46,120
Speaker 1: in this predicament, well that's what you lean hard into.

1007
00:55:46,160 --> 00:55:50,640
Speaker 1: This just totally hollow, shallow, content free identity politics, and

1008
00:55:50,680 --> 00:55:52,600
Speaker 1: it can get weaponized right back at you. And so

1009
00:55:52,719 --> 00:55:54,840
Speaker 1: I think that's the conundrum that he's going to find

1010
00:55:55,160 --> 00:55:58,080
Speaker 1: himself in. That being said, Democratic Party has you know,

1011
00:55:58,200 --> 00:56:01,680
Speaker 1: ways of moving people aside and strong arming, especially someone

1012
00:56:01,719 --> 00:56:05,560
Speaker 1: like Kamala who ultimately is like her only relevance comes

1013
00:56:05,600 --> 00:56:09,120
Speaker 1: from her proximity and power within the Democratic Party, So

1014
00:56:09,160 --> 00:56:11,160
Speaker 1: she's going to be reluctant to go against them or

1015
00:56:11,239 --> 00:56:13,920
Speaker 1: like say anything negative about them in any sense. I

1016
00:56:13,920 --> 00:56:15,759
Speaker 1: think it still has to be karm law. I don't

1017
00:56:15,760 --> 00:56:17,680
Speaker 1: see a way that it can't be. It has to

1018
00:56:17,719 --> 00:56:20,440
Speaker 1: be hers. It's hers for the taking. The Democrats are

1019
00:56:20,480 --> 00:56:22,960
Speaker 1: just too cowardly in the elite in order to say anything,

1020
00:56:23,239 --> 00:56:25,520
Speaker 1: and they're just too susceptible to the attack that they're

1021
00:56:25,560 --> 00:56:29,400
Speaker 1: stopping a black woman from accusing from achieving her dreams.

1022
00:56:29,440 --> 00:56:31,120
Speaker 1: So that is just going to be it's the most

1023
00:56:31,120 --> 00:56:35,839
Speaker 1: politically powerful force amongst elites as accusations of racism, and

1024
00:56:36,120 --> 00:56:39,000
Speaker 1: that is going to be something that is weaponized to

1025
00:56:39,040 --> 00:56:41,920
Speaker 1: the extent that you have never even seen anybody who

1026
00:56:41,960 --> 00:56:44,839
Speaker 1: questions it is going to be accused of, you know,

1027
00:56:44,920 --> 00:56:47,560
Speaker 1: of some of the most heinous things, and that is

1028
00:56:47,560 --> 00:56:50,160
Speaker 1: going to then lead to her losing in a proportion

1029
00:56:50,440 --> 00:56:53,240
Speaker 1: of which the likes of which we have not seen

1030
00:56:53,880 --> 00:56:57,560
Speaker 1: in almost a century dr level blowout. It's going to

1031
00:56:57,600 --> 00:57:01,279
Speaker 1: be bad, and they will embrace her even knowing that, Yeah,

1032
00:57:01,320 --> 00:57:04,160
Speaker 1: they will because because they're cowards, Because they're cowards, because

1033
00:57:04,440 --> 00:57:09,239
Speaker 1: to them, signaling their personal virtue is way more important

1034
00:57:09,239 --> 00:57:13,080
Speaker 1: than achieving power, or certainly achieving power and actually doing

1035
00:57:13,120 --> 00:57:16,080
Speaker 1: something with it. So I think you have a good

1036
00:57:16,080 --> 00:57:18,040
Speaker 1: point there. It's going to be it's going to be.

1037
00:57:18,360 --> 00:57:20,480
Speaker 1: It's going to be kamala, guys. It'll be fun to watch,

1038
00:57:20,640 --> 00:57:24,760
Speaker 1: very likely, it'll be fun to watch. All right, Sager,

1039
00:57:24,800 --> 00:57:26,600
Speaker 1: what are you looking at? Well? As you all know,

1040
00:57:26,720 --> 00:57:28,560
Speaker 1: something I keep a close eye on here at breaking

1041
00:57:28,600 --> 00:57:31,600
Speaker 1: points is how corporate America has become fully ensnared with

1042
00:57:31,640 --> 00:57:35,480
Speaker 1: the Chinese Communist Party. That ensnarement is almost complete in

1043
00:57:35,520 --> 00:57:39,520
Speaker 1: the areas of finance and manufacturing, where our industrial capitalists

1044
00:57:39,560 --> 00:57:42,600
Speaker 1: were happy to loot their own domestic enterprises in exchange

1045
00:57:42,600 --> 00:57:45,760
Speaker 1: for big payoffs from Beijing. Now that transfer of wealth

1046
00:57:45,880 --> 00:57:48,480
Speaker 1: is by and large complete, the best we can do

1047
00:57:48,600 --> 00:57:50,920
Speaker 1: is put a final end to it. But the area

1048
00:57:50,960 --> 00:57:54,320
Speaker 1: where I remain most concerned is on technologies of the future.

1049
00:57:54,560 --> 00:57:57,320
Speaker 1: That's why I pay a lot of attention to Elon Musk. Now.

1050
00:57:57,320 --> 00:57:59,640
Speaker 1: It is because of my respect and admiration for the

1051
00:57:59,680 --> 00:58:02,840
Speaker 1: company that Musk has built to prominence that he deserves

1052
00:58:03,040 --> 00:58:05,080
Speaker 1: the scrutiny that I'm about to give him. I have

1053
00:58:05,200 --> 00:58:08,120
Speaker 1: detailed in the past how intertwined Elon has become to

1054
00:58:08,200 --> 00:58:10,680
Speaker 1: the Chinese regime, but one of the latest moves by

1055
00:58:10,680 --> 00:58:13,640
Speaker 1: his company, Tesla, shows just how much he's decided to

1056
00:58:13,680 --> 00:58:17,320
Speaker 1: cast his lot with the foreign adversary. Tesla announced last

1057
00:58:17,360 --> 00:58:20,120
Speaker 1: week that it would open a showroom in Jinjang Province

1058
00:58:20,160 --> 00:58:23,320
Speaker 1: of China, now the very site of the worst atrocities

1059
00:58:23,480 --> 00:58:27,040
Speaker 1: within China towards its ethnic Weager minority. Now, you make

1060
00:58:27,080 --> 00:58:29,480
Speaker 1: no mistake, this was not done out of the growing

1061
00:58:29,560 --> 00:58:33,560
Speaker 1: customer base for Tesla in Jinjang, but as an explicit

1062
00:58:33,760 --> 00:58:37,160
Speaker 1: mark of faith by Tesla to the Chinese regime at

1063
00:58:37,160 --> 00:58:40,480
Speaker 1: this critical turning point. Let me explain. In recent days,

1064
00:58:40,480 --> 00:58:42,560
Speaker 1: the House of Representatives in the Senate have passed a

1065
00:58:42,600 --> 00:58:45,560
Speaker 1: bill banning imports to the United States of any product

1066
00:58:45,560 --> 00:58:48,720
Speaker 1: made in Jinjiang Province by Chinese slave labor. Primarily it

1067
00:58:48,760 --> 00:58:51,880
Speaker 1: applies to cotton. Now over the past two years, Western

1068
00:58:51,880 --> 00:58:55,600
Speaker 1: companies have come under major governmental pressure to ensure the

1069
00:58:55,600 --> 00:58:59,160
Speaker 1: integrity of their supply chain, leading brands like Nike, h

1070
00:58:59,200 --> 00:59:03,080
Speaker 1: and M, Walmart and Intel to expressly assure shareholders and

1071
00:59:03,120 --> 00:59:07,280
Speaker 1: regulators they have no connection to Jinjang Province. This has

1072
00:59:07,320 --> 00:59:12,360
Speaker 1: provoked massive backlash in Beijing, who use their massive hold

1073
00:59:12,640 --> 00:59:15,880
Speaker 1: over American companies to try and compel their speech in

1074
00:59:15,920 --> 00:59:19,040
Speaker 1: the other direction. In effect, they have brought their regime

1075
00:59:19,080 --> 00:59:22,720
Speaker 1: of political censorship to our shores in addition to their own.

1076
00:59:23,440 --> 00:59:27,200
Speaker 1: Now certain companies who are shameless have seen there's actually

1077
00:59:27,240 --> 00:59:30,080
Speaker 1: a lot of profit to be made in embracing slave labor.

1078
00:59:30,320 --> 00:59:32,960
Speaker 1: Like Hugo Boss out of Germany, who once made uniforms

1079
00:59:33,000 --> 00:59:37,360
Speaker 1: for the Naziss, They proudly proclaim they buy Jinjang cotton,

1080
00:59:37,640 --> 00:59:41,400
Speaker 1: and Tesla on New Year's Eve opened its showroom there

1081
00:59:41,640 --> 00:59:45,240
Speaker 1: to send the same message, which is we stand with

1082
00:59:45,280 --> 00:59:48,640
Speaker 1: you Chinese Communist Party. It was the ultimate act of

1083
00:59:48,680 --> 00:59:51,400
Speaker 1: fealty to the Chinese government, who, as I have detailed

1084
00:59:51,440 --> 00:59:55,560
Speaker 1: here have ruthlessly captured and exploited Tesla in their country

1085
00:59:55,640 --> 00:59:59,520
Speaker 1: to build up domestic manufacturing. Elon gets filthy rich, they

1086
00:59:59,520 --> 01:00:02,840
Speaker 1: get the sup Apply chain. Everybody wins, except for America.

1087
01:00:03,000 --> 01:00:05,840
Speaker 1: But what's particularly gross about this is how much it

1088
01:00:05,880 --> 01:00:08,960
Speaker 1: shows that Elon's bad boy image here at home is

1089
01:00:09,120 --> 01:00:12,280
Speaker 1: mostly an act actually born of the freedom that he

1090
01:00:13,360 --> 01:00:16,880
Speaker 1: was given in his adopted country. Elon likes to tweet

1091
01:00:16,880 --> 01:00:19,520
Speaker 1: irreverently its senators. He likes to say the government here

1092
01:00:19,560 --> 01:00:22,560
Speaker 1: in the US is useless and a terrible allocator of capital,

1093
01:00:22,800 --> 01:00:26,480
Speaker 1: and yet at the exact same time he cowtows to

1094
01:00:26,560 --> 01:00:30,960
Speaker 1: a foreign government who tolerates no dissent. Elon must Tesla

1095
01:00:31,080 --> 01:00:34,480
Speaker 1: put electric vehicles on the map, probably two decades before

1096
01:00:34,480 --> 01:00:37,120
Speaker 1: they would have emerged naturally. It was a stunning effort

1097
01:00:37,200 --> 01:00:41,800
Speaker 1: in moving humanity forward, and by letting his company get

1098
01:00:41,840 --> 01:00:45,520
Speaker 1: co opted by that foreign government and worse, controlled by them,

1099
01:00:45,800 --> 01:00:49,120
Speaker 1: we as Americans have to ensure our integrity and access

1100
01:00:49,240 --> 01:00:51,720
Speaker 1: to what will be a major contest of the future.

1101
01:00:51,960 --> 01:00:54,520
Speaker 1: But electric vehicles aren't the only area in which Elon

1102
01:00:54,560 --> 01:00:58,520
Speaker 1: has moved the ball. He's revolutionized revolutionized space technology, and

1103
01:00:58,560 --> 01:01:01,920
Speaker 1: he has given how much NASA has gone woke right now,

1104
01:01:02,120 --> 01:01:03,960
Speaker 1: and right now they care more about putting a woman

1105
01:01:04,000 --> 01:01:06,520
Speaker 1: in space than actually putting a human on Mars. He

1106
01:01:06,720 --> 01:01:10,440
Speaker 1: is likely our best shot at interplanetary travel in my lifetime.

1107
01:01:10,760 --> 01:01:13,920
Speaker 1: This again is a major problem. If the Chinese can

1108
01:01:13,960 --> 01:01:17,440
Speaker 1: squeeze Elon through his Tesla ownership and a huge portion

1109
01:01:17,480 --> 01:01:19,480
Speaker 1: of his net worth, does that mean that they can

1110
01:01:19,520 --> 01:01:22,640
Speaker 1: now control one of our national champions in the space domain.

1111
01:01:22,880 --> 01:01:26,240
Speaker 1: The answer is actually yes, and already we see tensions

1112
01:01:26,240 --> 01:01:29,720
Speaker 1: bubbling to the surface. The Chinese government recently complained that

1113
01:01:29,760 --> 01:01:33,720
Speaker 1: two SpaceX satellites came too close to Chinese astronauts while

1114
01:01:33,760 --> 01:01:36,960
Speaker 1: in space, and critically the Chinese messaged the story at

1115
01:01:36,960 --> 01:01:39,920
Speaker 1: home saying that SpaceX and its Starlink efforts were to

1116
01:01:39,960 --> 01:01:42,160
Speaker 1: provide high speed which is to provide high speed internet

1117
01:01:42,160 --> 01:01:45,240
Speaker 1: across the globe is part of a US rogue project,

1118
01:01:45,400 --> 01:01:48,920
Speaker 1: that the US was monopolizing the space race. In other words,

1119
01:01:49,000 --> 01:01:52,400
Speaker 1: the Chinese are upset which Starlink and with SpaceX, which

1120
01:01:52,440 --> 01:01:55,480
Speaker 1: is controlled by Elon. Now while they use their leverage

1121
01:01:55,760 --> 01:01:59,520
Speaker 1: over into the Tesla manufacturing supply chain of huge supply

1122
01:01:59,640 --> 01:02:02,920
Speaker 1: that is, vehicles to compel change in another area, what

1123
01:02:03,000 --> 01:02:05,400
Speaker 1: happens in the space race between China and the United

1124
01:02:05,440 --> 01:02:07,880
Speaker 1: States from Mars when the US relies right now on

1125
01:02:07,960 --> 01:02:11,200
Speaker 1: Elon's company just to get us into space. What happens

1126
01:02:11,200 --> 01:02:13,280
Speaker 1: if we want to become a nation of electric drivers?

1127
01:02:13,400 --> 01:02:15,680
Speaker 1: Can we even do such a thing if our flagship

1128
01:02:15,760 --> 01:02:18,520
Speaker 1: company works for another government over the interests of the

1129
01:02:18,520 --> 01:02:21,400
Speaker 1: citizens from where that company was born and is based.

1130
01:02:21,680 --> 01:02:24,960
Speaker 1: These are all great questions that Elon doesn't want to answer.

1131
01:02:25,160 --> 01:02:27,120
Speaker 1: I again say this as somebody who is a fan

1132
01:02:27,160 --> 01:02:29,800
Speaker 1: of him and respects him. But I respect the country

1133
01:02:29,880 --> 01:02:32,680
Speaker 1: that Musk built much more than Musk himself. And it

1134
01:02:32,720 --> 01:02:36,520
Speaker 1: has become clear that the Chinese impression that Elon is

1135
01:02:36,560 --> 01:02:40,000
Speaker 1: a rootless cosmopolitan who cares more about making money than

1136
01:02:40,080 --> 01:02:44,160
Speaker 1: patriotism could be very well true. And the solution is simple.

1137
01:02:44,320 --> 01:02:47,040
Speaker 1: I've outlined it here for every business, not just Elon.

1138
01:02:47,320 --> 01:02:49,760
Speaker 1: Let's just make the choice for him. I believe in

1139
01:02:49,760 --> 01:02:52,320
Speaker 1: the Elon Electric future. I also believe the control of

1140
01:02:52,360 --> 01:02:55,560
Speaker 1: that future lies with supply chains. So mandate Elon do

1141
01:02:55,880 --> 01:02:58,120
Speaker 1: what he did in China, that he make his business

1142
01:02:58,160 --> 01:03:01,240
Speaker 1: decisions at the political He cannot make political decisions at

1143
01:03:01,280 --> 01:03:04,520
Speaker 1: the behest of a foreign adversary, or he loses his

1144
01:03:04,520 --> 01:03:08,400
Speaker 1: security clearance and access to lucrative government contracts. In effect,

1145
01:03:08,640 --> 01:03:10,800
Speaker 1: he's got to choose. You can have it both ways.

1146
01:03:10,800 --> 01:03:13,280
Speaker 1: In the twenty first century, we made this mistake once

1147
01:03:13,320 --> 01:03:15,920
Speaker 1: when it came to manufacturing and finance. Look where it

1148
01:03:15,960 --> 01:03:18,080
Speaker 1: got us. To win the future, we have to at

1149
01:03:18,160 --> 01:03:19,840
Speaker 1: least make sure that we have a say in it.

1150
01:03:20,000 --> 01:03:22,080
Speaker 1: And it is time to say that that is clear

1151
01:03:22,160 --> 01:03:24,280
Speaker 1: when it comes to mister Elon Musk. I mean it's

1152
01:03:24,320 --> 01:03:26,680
Speaker 1: pretty clear, Crystal, what he's doing here. And I think

1153
01:03:26,680 --> 01:03:28,960
Speaker 1: what pisss me off the most is the whole bad

1154
01:03:29,680 --> 01:03:32,560
Speaker 1: And if you want to hear my reaction to Sager's monologue,

1155
01:03:32,640 --> 01:03:38,880
Speaker 1: become a premium subscriber today at Breakingpoints dot Com. Crystal,

1156
01:03:38,960 --> 01:03:40,480
Speaker 1: what are you taking a look at? Well, guys, As

1157
01:03:40,480 --> 01:03:42,880
Speaker 1: we discussed, we've just got some new inflation numbers and

1158
01:03:42,960 --> 01:03:46,320
Speaker 1: they are pretty rough. In twenty twenty one, annually inflation

1159
01:03:46,440 --> 01:03:50,800
Speaker 1: spiked seven percent. That's the steepest rise since nineteen eighty two. Energy, cars,

1160
01:03:50,800 --> 01:03:53,400
Speaker 1: food prices, those all led the way for price spikes

1161
01:03:53,400 --> 01:03:55,440
Speaker 1: in that year, All things with a whole lot of

1162
01:03:55,480 --> 01:03:58,800
Speaker 1: relevance to your average American, a whole lot of Americans

1163
01:03:58,840 --> 01:04:02,600
Speaker 1: surveying this chaotically andscape of wage increases, low unemployment on

1164
01:04:02,600 --> 01:04:05,320
Speaker 1: one hand, but price spikes and empty shelves on the other,

1165
01:04:05,720 --> 01:04:09,320
Speaker 1: they believe we could be headed into another recession. In fact,

1166
01:04:09,400 --> 01:04:12,680
Speaker 1: a new poll found that a stunning seventy five percent

1167
01:04:12,800 --> 01:04:15,960
Speaker 1: of Americans believe that we will enter into a recession

1168
01:04:15,960 --> 01:04:18,880
Speaker 1: in the next twelve months. That includes thirty three percent,

1169
01:04:18,920 --> 01:04:21,600
Speaker 1: so a third of Americans who said that outcome is

1170
01:04:21,880 --> 01:04:25,400
Speaker 1: very likely. Now, the Biden administration wants to convince these

1171
01:04:25,440 --> 01:04:29,000
Speaker 1: Americans that they're crazy and actually everything's really great. After all,

1172
01:04:29,080 --> 01:04:31,840
Speaker 1: look at the stock market, it's soaring. But there's some

1173
01:04:31,840 --> 01:04:34,480
Speaker 1: pretty good reasons to believe that the American people kind

1174
01:04:34,480 --> 01:04:37,320
Speaker 1: of onto something when they see troubled economic waters ahead

1175
01:04:37,400 --> 01:04:40,800
Speaker 1: for twenty twenty two, and to really understand how the

1176
01:04:40,880 --> 01:04:44,720
Speaker 1: year is likely to unfold, don't listen to the White House. Instead,

1177
01:04:45,000 --> 01:04:47,720
Speaker 1: listen to the Fed. You see Jerome Palace. FED is

1178
01:04:47,840 --> 01:04:50,960
Speaker 1: in an extraordinarily tricky position right now, one that is

1179
01:04:51,000 --> 01:04:53,560
Speaker 1: explained in detail in Christopher Leonard's new book, The Lords

1180
01:04:53,600 --> 01:04:56,200
Speaker 1: of Easy Money. We just interviewed him on Crystal Kyle

1181
01:04:56,200 --> 01:04:58,680
Speaker 1: and Friends. I highly recommend both that conversation and the

1182
01:04:58,680 --> 01:05:02,200
Speaker 1: book itself to you. But the extremely simplified version of

1183
01:05:02,240 --> 01:05:04,840
Speaker 1: the problem is this, The FED since the two thousand

1184
01:05:04,840 --> 01:05:07,800
Speaker 1: and eight financial crash has engaged in truly historic and

1185
01:05:07,960 --> 01:05:12,120
Speaker 1: unprecedented behavior, pumping trillions into the stock and into the

1186
01:05:12,120 --> 01:05:14,920
Speaker 1: bond markets at the same time that they kept interest

1187
01:05:14,960 --> 01:05:17,680
Speaker 1: rates at zero or very close to zero. Now, this

1188
01:05:17,800 --> 01:05:20,919
Speaker 1: easy money did not spread evenly across the economy, though

1189
01:05:21,280 --> 01:05:24,280
Speaker 1: not even close. Instead, it went where the FED could

1190
01:05:24,320 --> 01:05:26,919
Speaker 1: put it, which is to the very top. Remember these

1191
01:05:26,960 --> 01:05:30,440
Speaker 1: headlines from a year or so ago. Market edges towards

1192
01:05:30,440 --> 01:05:35,080
Speaker 1: euphoria despite pandemic's toll. America got a huge lesson in

1193
01:05:35,320 --> 01:05:37,760
Speaker 1: just how fake the stock market really was when they

1194
01:05:37,760 --> 01:05:41,120
Speaker 1: were watching the destruction, desperation, and job loss in their

1195
01:05:41,160 --> 01:05:44,320
Speaker 1: own lives unfold against the split screen reality of a

1196
01:05:44,360 --> 01:05:48,720
Speaker 1: stock market breaking record after record after record. Well, the

1197
01:05:48,760 --> 01:05:52,720
Speaker 1: Fed's extraordinary and unprecedented moves were a big part of

1198
01:05:52,760 --> 01:05:56,040
Speaker 1: that very perplexing story. They shot a money cannon at

1199
01:05:56,080 --> 01:05:59,320
Speaker 1: Wall Street while Congress pissed down a small trickle for

1200
01:05:59,360 --> 01:06:01,520
Speaker 1: the rest of us. Take a look at this chart

1201
01:06:01,520 --> 01:06:02,720
Speaker 1: and you can get a bit of the sense of

1202
01:06:02,760 --> 01:06:05,360
Speaker 1: the scale of FED action. That we are talking about here.

1203
01:06:05,880 --> 01:06:08,240
Speaker 1: This is a graph of the fed's balance sheet. That's

1204
01:06:08,440 --> 01:06:10,680
Speaker 1: just a way of tracking how much money the FED

1205
01:06:10,720 --> 01:06:13,400
Speaker 1: pumped into the pockets of rich people through something called

1206
01:06:13,480 --> 01:06:16,280
Speaker 1: quantitative easy. In two thousand and five, that balance sheet

1207
01:06:16,320 --> 01:06:18,120
Speaker 1: looks more or less the way it has looked the

1208
01:06:18,240 --> 01:06:21,680
Speaker 1: entire FED history. Then there's a big jump starts in

1209
01:06:21,720 --> 01:06:24,240
Speaker 1: two thousand and nine, continues to about twenty fifteen. Those

1210
01:06:24,320 --> 01:06:27,800
Speaker 1: numbers stabilize, they even slowly decline a little bit before

1211
01:06:27,840 --> 01:06:31,480
Speaker 1: shooting skyward like a rocket during the pandemic. Bringing us

1212
01:06:31,480 --> 01:06:33,800
Speaker 1: to the present day and the landscape that is now

1213
01:06:33,880 --> 01:06:37,600
Speaker 1: facing Jerome Powell's Fed. To make things even easier to understand,

1214
01:06:37,920 --> 01:06:41,400
Speaker 1: really what that graph is, it's charting socialism for the rich. Now,

1215
01:06:41,440 --> 01:06:43,760
Speaker 1: the FED has to decide if it's going to continue,

1216
01:06:43,840 --> 01:06:47,480
Speaker 1: and with inflation spiking to extraordinary levels, Jerome Powell is

1217
01:06:47,520 --> 01:06:50,400
Speaker 1: stating pretty clearly that the free money party is about

1218
01:06:50,440 --> 01:06:53,360
Speaker 1: to stop. Now. In one sense, that's actually good, because

1219
01:06:53,400 --> 01:06:56,320
Speaker 1: these policies have massively spiked in equality and they have

1220
01:06:56,400 --> 01:07:00,000
Speaker 1: ultimately done damage to working class people. Here's the fear, though,

1221
01:07:00,400 --> 01:07:03,000
Speaker 1: Christopher Leonard and other analysts believe that all of that

1222
01:07:03,040 --> 01:07:06,240
Speaker 1: FED money has created huge asset bubbles. Asset bubbles are

1223
01:07:06,240 --> 01:07:09,479
Speaker 1: what happens when investors buy up stocks, bonds, properties, things

1224
01:07:09,520 --> 01:07:12,920
Speaker 1: like that, bidding up prices based not on those assets

1225
01:07:13,000 --> 01:07:16,320
Speaker 1: underlying value, but on the logic that since prices have

1226
01:07:16,360 --> 01:07:18,120
Speaker 1: been going up in the past, they are likely to

1227
01:07:18,200 --> 01:07:20,920
Speaker 1: continue going up in the future. Asset bubbles have a

1228
01:07:21,000 --> 01:07:23,200
Speaker 1: kind of logic of their own. They're a feedback loop

1229
01:07:23,200 --> 01:07:27,240
Speaker 1: where past price increases fuel speculation on future price increases,

1230
01:07:27,480 --> 01:07:29,240
Speaker 1: which is all well and good, I suppose, until the

1231
01:07:29,320 --> 01:07:33,080
Speaker 1: music stops. Then the exact reverse dynamic takes hold. Speculators

1232
01:07:33,120 --> 01:07:35,840
Speaker 1: believe that prices will fall, so they start selling. That

1233
01:07:35,880 --> 01:07:38,439
Speaker 1: causes prices to fall even more, which leads to even

1234
01:07:38,440 --> 01:07:41,280
Speaker 1: more selling. And while regular people may not have benefited

1235
01:07:41,360 --> 01:07:43,880
Speaker 1: much from the fed's asset bubbles while they were being inflated,

1236
01:07:44,200 --> 01:07:47,640
Speaker 1: they sure as hell get hurt badly when those same

1237
01:07:47,680 --> 01:07:50,920
Speaker 1: bubbles burst, throwing the economy into a recession. With no

1238
01:07:50,960 --> 01:07:53,280
Speaker 1: further than the dot com bubble burst or the housing

1239
01:07:53,360 --> 01:07:56,680
Speaker 1: bubble bursts to understand the profound pain and damage inflicted

1240
01:07:56,840 --> 01:08:00,600
Speaker 1: on regular folks when asset bubbles burst. So that is

1241
01:08:00,640 --> 01:08:03,280
Speaker 1: the context for understanding what FED shared drowne Palace hinting

1242
01:08:03,280 --> 01:08:06,280
Speaker 1: at this week With his most recent comments, Inflation concerns

1243
01:08:06,280 --> 01:08:09,240
Speaker 1: have led pal to signal pretty clearly that he plans

1244
01:08:09,280 --> 01:08:11,480
Speaker 1: to put the brakes on in a major way over

1245
01:08:11,520 --> 01:08:13,920
Speaker 1: the next year. Most of the coverage of pals commons

1246
01:08:13,960 --> 01:08:16,559
Speaker 1: focused on the feds long expected intent to hike interest

1247
01:08:16,640 --> 01:08:19,000
Speaker 1: rates three or four times over the coming year. But

1248
01:08:19,040 --> 01:08:21,240
Speaker 1: what you should really focus on is what the Fed

1249
01:08:21,280 --> 01:08:23,280
Speaker 1: is going to do about all of those assets they

1250
01:08:23,360 --> 01:08:25,360
Speaker 1: put on their balance sheet while they were funneling money

1251
01:08:25,360 --> 01:08:28,679
Speaker 1: to the top one percent. Take a listen. The economy

1252
01:08:28,720 --> 01:08:33,880
Speaker 1: no longer needs or wants the very highly accommodative policies

1253
01:08:33,880 --> 01:08:35,919
Speaker 1: that we've had in place to deal with the pandemic

1254
01:08:35,960 --> 01:08:39,639
Speaker 1: and the aftermath. So that's what that's really about. We're

1255
01:08:39,680 --> 01:08:42,080
Speaker 1: really just going to be moving over the course of

1256
01:08:42,080 --> 01:08:46,200
Speaker 1: this year to a policy that is closer to normal,

1257
01:08:46,240 --> 01:08:48,479
Speaker 1: but it's a long road to normal from where we are.

1258
01:08:50,240 --> 01:08:52,840
Speaker 1: When mal talks about a long road to normal, he's

1259
01:08:52,880 --> 01:08:55,920
Speaker 1: talking about that massive balance sheet that needs unwinding. What's more,

1260
01:08:56,080 --> 01:08:58,000
Speaker 1: he went on to say that this process should happen

1261
01:08:58,080 --> 01:09:01,519
Speaker 1: quote sooner and faster. That much is clear. In other words,

1262
01:09:01,560 --> 01:09:03,040
Speaker 1: the FED is claiming that it might be time to

1263
01:09:03,040 --> 01:09:05,120
Speaker 1: pay the piper, and Americans are right to believe we

1264
01:09:05,160 --> 01:09:08,280
Speaker 1: are entering right now very dangerous territory because too much

1265
01:09:08,360 --> 01:09:11,719
Speaker 1: unwindinged and too fast could easily trigger a recession, popping

1266
01:09:11,800 --> 01:09:14,360
Speaker 1: those asset bubbles rend and slowly letting the air out.

1267
01:09:14,600 --> 01:09:17,599
Speaker 1: And these new inflation numbers are putting increased pressure on

1268
01:09:17,720 --> 01:09:20,880
Speaker 1: Powell to do exactly that. Now, listen, if you didn't

1269
01:09:20,920 --> 01:09:23,960
Speaker 1: follow all of this, at least understand this. Our economic

1270
01:09:23,960 --> 01:09:26,400
Speaker 1: destiny this year and for many to follow, is really

1271
01:09:26,400 --> 01:09:28,240
Speaker 1: in the hands of the Fed. Pay less attention to

1272
01:09:28,280 --> 01:09:30,600
Speaker 1: pundits and the inept Biden people, and much more to

1273
01:09:30,600 --> 01:09:32,960
Speaker 1: people liked your own pal. I also want to say

1274
01:09:32,960 --> 01:09:35,639
Speaker 1: one more thing about this, which is questions of monetary

1275
01:09:35,640 --> 01:09:38,519
Speaker 1: policy used to be matters of fierce public debate. They

1276
01:09:38,560 --> 01:09:42,960
Speaker 1: sparked mass populist movements. Think of William Jennings Bryan's famous

1277
01:09:43,000 --> 01:09:46,080
Speaker 1: Cross of Gold speech as the quintessential example. It has

1278
01:09:46,120 --> 01:09:48,120
Speaker 1: not always been the case that you had to search

1279
01:09:48,160 --> 01:09:50,559
Speaker 1: the financial press to get in depth discussions of this

1280
01:09:50,640 --> 01:09:53,120
Speaker 1: type of stuff, and it certainly hasn't always been the

1281
01:09:53,160 --> 01:09:55,960
Speaker 1: case that the masses are made to believe that the

1282
01:09:56,040 --> 01:09:58,360
Speaker 1: wise men and women of the FED should just crunch

1283
01:09:58,400 --> 01:10:00,040
Speaker 1: their numbers and do their thing, that the rest some

1284
01:10:00,040 --> 01:10:02,040
Speaker 1: of us peons are too stupid to really get it.

1285
01:10:02,439 --> 01:10:05,800
Speaker 1: This cloistering of the FED. It was done intentionally over

1286
01:10:05,920 --> 01:10:09,479
Speaker 1: many years, including by the famous former FED chairman Alan Greenspan,

1287
01:10:09,520 --> 01:10:12,519
Speaker 1: who created his own inaccessible FED Speak language, so you

1288
01:10:12,560 --> 01:10:14,680
Speaker 1: had to be a PhD candidate to understand what the

1289
01:10:14,720 --> 01:10:17,439
Speaker 1: hell he was talking about. In fact, none of this

1290
01:10:17,560 --> 01:10:20,320
Speaker 1: is that complicated to grasp, and the consequences of FED action,

1291
01:10:20,479 --> 01:10:22,960
Speaker 1: especially in the modern era, are way too massive to

1292
01:10:23,040 --> 01:10:25,320
Speaker 1: just turn our brains off and outsource to a handful

1293
01:10:25,479 --> 01:10:29,280
Speaker 1: of Wall Street connected elites. Resolved to learn more, engage more,

1294
01:10:29,320 --> 01:10:32,320
Speaker 1: and pressure more. In twenty twenty two, let's make debates

1295
01:10:32,320 --> 01:10:35,800
Speaker 1: over monetary policy populist again. And that was one thing,

1296
01:10:35,800 --> 01:10:36,960
Speaker 1: as I dug in, and I know you talked to

1297
01:10:37,040 --> 01:10:39,760
Speaker 1: Christopher Leonard too, whose book I really highly wrote it.

1298
01:10:40,200 --> 01:10:43,040
Speaker 1: And if you want to hear my reaction to Crystal's monologue,

1299
01:10:43,040 --> 01:10:49,400
Speaker 1: become a premium subscriber today at breakingpoints dot com. Joining

1300
01:10:49,439 --> 01:10:53,360
Speaker 1: us now we have best selling author, former presidential candidate,

1301
01:10:53,439 --> 01:10:56,280
Speaker 1: and many other wonderful things. Mary and Williamson is always

1302
01:10:56,280 --> 01:10:57,960
Speaker 1: great to see you. Oh, great to see you, and

1303
01:10:57,960 --> 01:10:59,920
Speaker 1: thank you so much for having me. Of course, Marian,

1304
01:11:00,080 --> 01:11:02,320
Speaker 1: you've been creating a little bit of a stir recently,

1305
01:11:02,400 --> 01:11:04,320
Speaker 1: so we'll get to that in a moment, but I

1306
01:11:04,360 --> 01:11:06,120
Speaker 1: wanted to start with I thought you had a really

1307
01:11:06,160 --> 01:11:10,880
Speaker 1: excellent and thoughtful post about January sixth on your sub stack,

1308
01:11:10,920 --> 01:11:12,800
Speaker 1: which you guys should be subscribing to, by the way.

1309
01:11:12,840 --> 01:11:14,960
Speaker 1: Let's go ahead and throw that up on the screen

1310
01:11:15,720 --> 01:11:20,200
Speaker 1: and you talk about how the real dichotomy in American politics,

1311
01:11:20,240 --> 01:11:21,920
Speaker 1: this is your quote, is not between the right and

1312
01:11:21,920 --> 01:11:24,000
Speaker 1: the left. It's between the powerful and the powerless. The

1313
01:11:24,040 --> 01:11:28,200
Speaker 1: political media industrial complex, headquartered in both parties, has created

1314
01:11:28,200 --> 01:11:30,920
Speaker 1: the left right culture wars to distract Americans from the

1315
01:11:31,000 --> 01:11:34,759
Speaker 1: truth of who and what actually oppresses them. Our fellow

1316
01:11:34,800 --> 01:11:37,879
Speaker 1: citizens are not our enemy. Greed is our enemy. Abusive

1317
01:11:37,880 --> 01:11:41,280
Speaker 1: power is our enemy, injustice is our enemy. Unfettered corporate

1318
01:11:41,360 --> 01:11:45,160
Speaker 1: influence is our enemy. You don't think the Democrats really

1319
01:11:45,160 --> 01:11:49,519
Speaker 1: got that point across on januarously, think I don't think

1320
01:11:49,560 --> 01:11:54,439
Speaker 1: that The songs from Hamilton and Lynn moorell Manuel Miranda. Yeah,

1321
01:11:54,560 --> 01:11:57,640
Speaker 1: as much as I admire him and admire that show if,

1322
01:11:58,160 --> 01:12:03,200
Speaker 1: if ever there was a performative response literally going on, Yeah,

1323
01:12:03,240 --> 01:12:05,439
Speaker 1: it was very sad to me that day. If we

1324
01:12:05,520 --> 01:12:08,800
Speaker 1: really wanted to make a stand for democracy that day,

1325
01:12:10,080 --> 01:12:13,000
Speaker 1: the president would have declared a national medical emergency and

1326
01:12:13,000 --> 01:12:16,200
Speaker 1: expanded medicare to everybody. It would have canceled the college

1327
01:12:16,200 --> 01:12:18,200
Speaker 1: loan Dad, It would have given a speech talking about

1328
01:12:18,200 --> 01:12:20,760
Speaker 1: the importance of raising the minimum wage. It would have

1329
01:12:20,800 --> 01:12:23,040
Speaker 1: talked about the importance of the Proact. There were so

1330
01:12:23,080 --> 01:12:25,479
Speaker 1: many things that they could have talked about that would

1331
01:12:25,479 --> 01:12:29,000
Speaker 1: have truly been making a stand for the possibilities of

1332
01:12:29,000 --> 01:12:32,840
Speaker 1: democracy and how the system of our government can be

1333
01:12:33,000 --> 01:12:38,120
Speaker 1: used to make people's lives better. And until we do

1334
01:12:38,240 --> 01:12:43,880
Speaker 1: stand as a people in absolute insistence that our government

1335
01:12:43,960 --> 01:12:46,759
Speaker 1: returned to that core value, we will be in trouble

1336
01:12:47,520 --> 01:12:49,280
Speaker 1: because we're not a government of the people, by the

1337
01:12:49,320 --> 01:12:52,720
Speaker 1: people for the people right now. And that rage, the

1338
01:12:52,800 --> 01:12:55,599
Speaker 1: rage about that is legitimate. Think. You know, I found

1339
01:12:55,600 --> 01:12:57,599
Speaker 1: it really interesting when you went on Jesse Waters Show,

1340
01:12:57,760 --> 01:13:00,439
Speaker 1: Marianne and you said that the real political divide, as

1341
01:13:00,479 --> 01:13:02,200
Speaker 1: Crystal said, is not left and right, and that's a

1342
01:13:02,200 --> 01:13:05,320
Speaker 1: cartoonish version of our political reality. And we're talking about

1343
01:13:05,360 --> 01:13:10,200
Speaker 1: powerful and powerlessness. Why is it that this statement does

1344
01:13:10,240 --> 01:13:13,800
Speaker 1: not seem to emanate whatsoever from the Biden administration. I mean,

1345
01:13:13,840 --> 01:13:15,920
Speaker 1: I think it's so central as to why he is

1346
01:13:15,960 --> 01:13:19,400
Speaker 1: so unpopular with the American public right now, because unfortunately,

1347
01:13:19,479 --> 01:13:23,880
Speaker 1: more than we even feared the Democratic Party, at least

1348
01:13:23,920 --> 01:13:26,680
Speaker 1: the corporate establishment, elite elements of it seem to be

1349
01:13:26,880 --> 01:13:30,840
Speaker 1: as held hostage by corporate donors, whether it has to

1350
01:13:30,880 --> 01:13:34,639
Speaker 1: do with big insurance companies, big pharmaceutical companies, big agricultural companies,

1351
01:13:34,640 --> 01:13:38,360
Speaker 1: big chemical companies, big oil companies, and defense contractors as

1352
01:13:38,400 --> 01:13:41,840
Speaker 1: the Republicans. I mean, we can argue, you know, well,

1353
01:13:41,880 --> 01:13:44,439
Speaker 1: they're worse, but at this point the fact that the

1354
01:13:44,479 --> 01:13:49,720
Speaker 1: Republicans are worse isn't enough because that fact, the fact

1355
01:13:49,760 --> 01:13:54,880
Speaker 1: that this corporate aristocracy basically holds Washington hostage, means that

1356
01:13:55,640 --> 01:13:58,960
Speaker 1: has become the core value of the Republican Party, which

1357
01:13:59,000 --> 01:14:02,280
Speaker 1: represents and knows dive for our democracy. But the way

1358
01:14:02,320 --> 01:14:05,360
Speaker 1: the Democrats try to have it both ways represents a

1359
01:14:05,479 --> 01:14:09,439
Speaker 1: managed decline of our democracy. Either way, it is the

1360
01:14:09,479 --> 01:14:12,280
Speaker 1: opposite of once again a government of the people by

1361
01:14:12,280 --> 01:14:14,840
Speaker 1: the people for the people, government of the corporations by

1362
01:14:14,880 --> 01:14:18,040
Speaker 1: the corporations and for the corporation there's a new pull out.

1363
01:14:18,080 --> 01:14:20,040
Speaker 1: And look, this is a bit of an outlier, but

1364
01:14:20,200 --> 01:14:22,960
Speaker 1: these numbers were stunning from Quinnipiac. We can throw those

1365
01:14:23,000 --> 01:14:26,360
Speaker 1: up on the screen. First of all, they found political instability,

1366
01:14:26,520 --> 01:14:29,200
Speaker 1: not US adversaries are seen as the biggest threat. Nearly

1367
01:14:29,280 --> 01:14:32,600
Speaker 1: six and ten. I think the nation's democracy is in

1368
01:14:32,720 --> 01:14:35,479
Speaker 1: danger of collapse. But kind of the headline number here

1369
01:14:35,720 --> 01:14:41,519
Speaker 1: was Joe Biden's approval rating at thirty three percent. Thirty

1370
01:14:41,520 --> 01:14:44,200
Speaker 1: three percent, And again it's an outlier, and we like

1371
01:14:44,240 --> 01:14:46,200
Speaker 1: to look at averages and all of those things, but

1372
01:14:46,240 --> 01:14:49,280
Speaker 1: there is zero doubt that from the beginning of his administration,

1373
01:14:49,360 --> 01:14:51,920
Speaker 1: when he actually had pretty good marks with American public,

1374
01:14:52,320 --> 01:14:57,360
Speaker 1: to now, he has really fallen far and fallen fast. Well,

1375
01:14:57,600 --> 01:15:00,240
Speaker 1: the two questions I have for is is this the

1376
01:15:00,280 --> 01:15:04,240
Speaker 1: Biden administration you expected? And why do you think that

1377
01:15:04,360 --> 01:15:07,720
Speaker 1: the assessment of him has been so profoundly negative from

1378
01:15:07,760 --> 01:15:10,439
Speaker 1: the American public? Because people stood in line for seven

1379
01:15:10,600 --> 01:15:13,280
Speaker 1: eight hours thinking that this was going to help them,

1380
01:15:13,320 --> 01:15:15,920
Speaker 1: thinking that this was going to at least reduce their

1381
01:15:15,960 --> 01:15:19,679
Speaker 1: college loan debt, if not cancel it. People were hoping,

1382
01:15:19,800 --> 01:15:21,519
Speaker 1: you know, if you look at the polls you were

1383
01:15:21,520 --> 01:15:24,320
Speaker 1: talking about. Polls. The American people want universal health care.

1384
01:15:24,560 --> 01:15:27,559
Speaker 1: The majority of Americans want at least the serious, substantial

1385
01:15:27,640 --> 01:15:30,760
Speaker 1: reduction in the college loan debt. The majority of Americans

1386
01:15:30,840 --> 01:15:34,840
Speaker 1: want that fifteen dollars an hour minimum wage. The American

1387
01:15:34,880 --> 01:15:37,960
Speaker 1: people want poll after poll shows they want free college.

1388
01:15:38,080 --> 01:15:40,880
Speaker 1: The American people want a government that serves them so

1389
01:15:40,920 --> 01:15:43,720
Speaker 1: they can thrive, so they can be productive, so they

1390
01:15:43,760 --> 01:15:46,599
Speaker 1: can be creative. And that, by the way, is how

1391
01:15:46,640 --> 01:15:50,000
Speaker 1: our economy and everything else about our society would repair itself.

1392
01:15:50,400 --> 01:15:52,200
Speaker 1: So in a way, you know, I have a friend

1393
01:15:52,240 --> 01:15:54,479
Speaker 1: who said the other day we thought Trump was the

1394
01:15:54,880 --> 01:15:57,120
Speaker 1: was the wake up call. It turns out Biden is

1395
01:15:57,160 --> 01:15:59,040
Speaker 1: the wake up call, the wake up call to the

1396
01:15:59,080 --> 01:16:02,160
Speaker 1: fact neither one of them are helping us the working class,

1397
01:16:02,200 --> 01:16:04,800
Speaker 1: and America is going Will the Republicans do it? Will

1398
01:16:04,800 --> 01:16:07,559
Speaker 1: the Democrats do it? And now people are like need

1399
01:16:07,560 --> 01:16:10,360
Speaker 1: one of them? The status They both represent a status quo.

1400
01:16:10,720 --> 01:16:12,559
Speaker 1: The real issue is not where they're different, but where

1401
01:16:12,600 --> 01:16:15,320
Speaker 1: they're way too much the same, and the status quo

1402
01:16:15,520 --> 01:16:18,880
Speaker 1: will not disrupt itself. And when you see this in

1403
01:16:18,920 --> 01:16:21,559
Speaker 1: the Democratic Party, Marianne, why do you think it is

1404
01:16:21,600 --> 01:16:23,479
Speaker 1: that only you and a few others are even willing

1405
01:16:23,520 --> 01:16:26,080
Speaker 1: to say it. I mean, we see anonymous quotes in

1406
01:16:26,120 --> 01:16:29,120
Speaker 1: the Washington Post, the Wall Street Journal, people saying, oh god, Gomella,

1407
01:16:29,200 --> 01:16:32,120
Speaker 1: she's terrible. Oh Biden, I mean, it might be awful

1408
01:16:32,160 --> 01:16:34,000
Speaker 1: if they run again, But nobody's willing to just come

1409
01:16:34,000 --> 01:16:36,320
Speaker 1: out and be like, look, the president is very unpopular.

1410
01:16:36,439 --> 01:16:37,920
Speaker 1: There are a lot of different reas the stories we

1411
01:16:38,000 --> 01:16:39,479
Speaker 1: tell ourselves as to why. I mean, we get it's

1412
01:16:39,479 --> 01:16:41,639
Speaker 1: all up for debate, but it's just a matter of fact,

1413
01:16:41,680 --> 01:16:43,360
Speaker 1: and this is not going well. Why is it so

1414
01:16:43,439 --> 01:16:45,599
Speaker 1: difficult for so many of these people because they're held

1415
01:16:45,640 --> 01:16:49,679
Speaker 1: hostage by Nancy Pelosi and Chuck Schumer and this whole

1416
01:16:50,040 --> 01:16:53,920
Speaker 1: elite establishment leadership which has been saying for far too long, look,

1417
01:16:53,960 --> 01:16:57,160
Speaker 1: we got this, we got this. I cannot the audacity

1418
01:16:57,240 --> 01:17:00,200
Speaker 1: of the establishment in this town that's still today, with

1419
01:17:00,240 --> 01:17:03,320
Speaker 1: our democracy in peril, with our environment in peril, still

1420
01:17:03,400 --> 01:17:06,160
Speaker 1: has the outrageous added, ude, look we got this. No,

1421
01:17:06,320 --> 01:17:09,360
Speaker 1: you don't got this. And you know, so much of

1422
01:17:09,360 --> 01:17:11,960
Speaker 1: the conversation about force to the the vote, the squad they

1423
01:17:12,000 --> 01:17:15,559
Speaker 1: played along from day one. They they and this is

1424
01:17:15,960 --> 01:17:19,200
Speaker 1: what many people told them was going to happen, and

1425
01:17:19,640 --> 01:17:22,760
Speaker 1: it's it's all brand protection, it's all job protection. One

1426
01:17:22,800 --> 01:17:24,960
Speaker 1: of the things that blows my mind about politicians is

1427
01:17:24,960 --> 01:17:27,479
Speaker 1: they act like they're the only people who have to

1428
01:17:27,479 --> 01:17:31,160
Speaker 1: make ethical decisions at work. But we all do. We

1429
01:17:31,200 --> 01:17:32,960
Speaker 1: all make decisions. Say, well, you know, if I do

1430
01:17:33,000 --> 01:17:35,599
Speaker 1: the right thing, I might lose my job, lose your job,

1431
01:17:36,840 --> 01:17:40,479
Speaker 1: lose your job, right than what you were talking about,

1432
01:17:40,560 --> 01:17:43,800
Speaker 1: your mask and the Chinese Communist Party lose some money,

1433
01:17:43,840 --> 01:17:47,040
Speaker 1: Ye lose some money. Well. Also, they also always play

1434
01:17:47,080 --> 01:17:49,519
Speaker 1: the game. AOC was kind of the worst defender of

1435
01:17:49,560 --> 01:17:52,320
Speaker 1: this during the Force to Vote conversation of like, you

1436
01:17:52,439 --> 01:17:55,439
Speaker 1: just don't understand. Yeah, we're doing grown up things here

1437
01:17:56,160 --> 01:17:59,360
Speaker 1: the scene. Really it's just don't get it. Well, here

1438
01:17:59,400 --> 01:18:02,439
Speaker 1: we are. You're later, and you can see the results

1439
01:18:02,479 --> 01:18:04,960
Speaker 1: of their strategy. The Biden strategy was a failure, and

1440
01:18:05,000 --> 01:18:06,960
Speaker 1: the Progressive strategy was a failure. I mean, it seems

1441
01:18:06,960 --> 01:18:09,679
Speaker 1: like Bernie's like kind of admitting this at this point, saying,

1442
01:18:09,680 --> 01:18:12,200
Speaker 1: you know, the Democratic Party saying they need to reassess,

1443
01:18:12,240 --> 01:18:14,160
Speaker 1: saying they've turned their back on the working class. But

1444
01:18:14,720 --> 01:18:16,960
Speaker 1: you know, it was apparent to some of us from

1445
01:18:16,960 --> 01:18:19,200
Speaker 1: the beginning that this direction of trying to play ball,

1446
01:18:19,280 --> 01:18:21,599
Speaker 1: trying to go along to get along, you were never

1447
01:18:21,720 --> 01:18:23,680
Speaker 1: going to be in the power position that way. All

1448
01:18:23,680 --> 01:18:25,599
Speaker 1: you're going to get is your run clean, you know,

1449
01:18:25,640 --> 01:18:29,640
Speaker 1: tweets liked or whatever, gratulations on Twitter. Well, also, to me,

1450
01:18:29,760 --> 01:18:33,639
Speaker 1: it was so transparent the psychology to me, we're adults

1451
01:18:33,640 --> 01:18:36,080
Speaker 1: and we're playing it right. Here was code for she

1452
01:18:36,160 --> 01:18:40,840
Speaker 1: gave me her cell number. It was so obvious, the seduction.

1453
01:18:41,520 --> 01:18:42,920
Speaker 1: You know, we're going to take care of you, honey,

1454
01:18:42,960 --> 01:18:44,920
Speaker 1: and you're here with us at the big kids table.

1455
01:18:45,240 --> 01:18:48,519
Speaker 1: Just we'll show you how it's done, and the code

1456
01:18:48,520 --> 01:18:51,280
Speaker 1: for that is, and then maybe you'll be in leadership

1457
01:18:51,360 --> 01:18:55,320
Speaker 1: in two thousand and thirty two thousand and thirty six. Yes. Meanwhile,

1458
01:18:55,320 --> 01:18:58,360
Speaker 1: they're playing a long game while we don't have that time.

1459
01:18:58,439 --> 01:19:01,880
Speaker 1: I don't know how long a long people think that

1460
01:19:02,000 --> 01:19:04,880
Speaker 1: they have before the masses will reach the gates of

1461
01:19:04,880 --> 01:19:07,240
Speaker 1: the best steal. Because that's what's going to happen. It's

1462
01:19:07,240 --> 01:19:11,639
Speaker 1: going to be something is going to fundamentally correct itself

1463
01:19:11,920 --> 01:19:15,600
Speaker 1: or become fundamentally horrible. It seems to me that what

1464
01:19:15,800 --> 01:19:20,360
Speaker 1: is considered sort of the neutral idling of today is unsustainable,

1465
01:19:20,400 --> 01:19:22,160
Speaker 1: it's going to break, It's going to go one direction

1466
01:19:22,280 --> 01:19:23,920
Speaker 1: or the other. Yeah. And you see this in so

1467
01:19:24,000 --> 01:19:27,799
Speaker 1: many different metrics. Which are you know, violence against the government,

1468
01:19:27,840 --> 01:19:29,920
Speaker 1: which people say is you know, one sided. It's actually

1469
01:19:29,920 --> 01:19:33,040
Speaker 1: a pretty big partisan. I mean you look at dissatisfaction

1470
01:19:33,160 --> 01:19:36,720
Speaker 1: with and faith and institutions all across the board. You

1471
01:19:36,800 --> 01:19:39,640
Speaker 1: talked a lot during the campaign about restoring almost a

1472
01:19:39,680 --> 01:19:42,920
Speaker 1: spiritual sense of Americans. Why is it do you think

1473
01:19:42,960 --> 01:19:47,639
Speaker 1: that that politicians are so disconnected from the as you say,

1474
01:19:47,640 --> 01:19:50,280
Speaker 1: the general sense of just dissatisfaction. I hear it from

1475
01:19:50,280 --> 01:19:52,760
Speaker 1: so many people anytime somebody comes up to me on

1476
01:19:52,800 --> 01:19:54,479
Speaker 1: the street or whatever. And Chrystal, I'm sure you say

1477
01:19:54,479 --> 01:19:55,920
Speaker 1: the same things like thank you for just like making

1478
01:19:55,960 --> 01:19:58,240
Speaker 1: me feel not crazy. I don't feel like any I

1479
01:19:58,280 --> 01:20:01,680
Speaker 1: feel like I'm crazy for feeling dissatisfied about this or

1480
01:20:01,720 --> 01:20:04,759
Speaker 1: that you know, nobody is talking about it. Why is that?

1481
01:20:05,000 --> 01:20:08,680
Speaker 1: Because this town is you know, righteous living is a

1482
01:20:08,760 --> 01:20:12,920
Speaker 1: balance between tough thought and an empathetic heart. And this

1483
01:20:13,040 --> 01:20:15,479
Speaker 1: town there was some wonderful things that go on in

1484
01:20:15,479 --> 01:20:19,760
Speaker 1: this town as well, but the sort of official imposture

1485
01:20:20,360 --> 01:20:23,639
Speaker 1: is tough thinking with this closed heart. It is so

1486
01:20:24,080 --> 01:20:28,960
Speaker 1: divorced from a recognition of human suffering, even though you

1487
01:20:29,000 --> 01:20:32,400
Speaker 1: see these tints of the homeless everywhere. They literally pass

1488
01:20:32,720 --> 01:20:34,960
Speaker 1: all this on their way to the capitol every day.

1489
01:20:35,680 --> 01:20:40,120
Speaker 1: So without empathy, with a without an open heart, you

1490
01:20:40,160 --> 01:20:43,200
Speaker 1: don't see suffering. If you don't recognize suffering, then you're

1491
01:20:43,240 --> 01:20:46,440
Speaker 1: not going to recognize the rage that will inevitably emerge

1492
01:20:46,680 --> 01:20:49,559
Speaker 1: from all that suffering. Nothing is so dangerous as large

1493
01:20:49,560 --> 01:20:52,479
Speaker 1: groups of desperate people. We even knew that after World

1494
01:20:52,520 --> 01:20:56,520
Speaker 1: War two, because after World War One, the crushing economic

1495
01:20:56,560 --> 01:21:00,200
Speaker 1: conditions in Germany created the Petri Dish, out of where

1496
01:21:00,280 --> 01:21:03,920
Speaker 1: Hitler arose. Large groups of desperate people end up doing

1497
01:21:03,960 --> 01:21:08,280
Speaker 1: desperate things. They are more vulnerable to ideological capture by

1498
01:21:08,320 --> 01:21:13,599
Speaker 1: genuinely psychotic forces because they see no hope. Yeah, and anybody,

1499
01:21:13,600 --> 01:21:16,280
Speaker 1: you know, people really need to read history. People in

1500
01:21:16,320 --> 01:21:18,840
Speaker 1: this town need to read about Germany. People in this

1501
01:21:18,920 --> 01:21:21,959
Speaker 1: town need to read about the French Revolution. The arrogance

1502
01:21:22,000 --> 01:21:24,599
Speaker 1: of thinking, no, it's different now. It is so not

1503
01:21:24,760 --> 01:21:27,559
Speaker 1: different now. Yeah. Well, and we can see it very

1504
01:21:27,560 --> 01:21:30,280
Speaker 1: clearly when we look at other countries. Yeah, and other countries.

1505
01:21:31,000 --> 01:21:33,519
Speaker 1: Somehow we're very confused when we look at her at

1506
01:21:33,560 --> 01:21:37,880
Speaker 1: our own country with the same discontentment brewing. Obviously, there's

1507
01:21:37,880 --> 01:21:40,559
Speaker 1: a big political piece that floated you or Nina Turner

1508
01:21:40,600 --> 01:21:43,320
Speaker 1: as a potential primary opponent of Joe Biden. I know

1509
01:21:43,360 --> 01:21:45,480
Speaker 1: you're not going to like, you know, having made decisions

1510
01:21:45,479 --> 01:21:47,639
Speaker 1: and not going to divulge anything here, but I don't

1511
01:21:47,680 --> 01:21:49,919
Speaker 1: do you. First, I did want to ask you about

1512
01:21:50,520 --> 01:21:53,880
Speaker 1: what you think of that direction, whether you think you

1513
01:21:53,920 --> 01:21:56,760
Speaker 1: know what a goal of such a primary effort should be,

1514
01:21:57,040 --> 01:22:00,320
Speaker 1: and what you think is realistically possible there. I'm not

1515
01:22:00,520 --> 01:22:02,880
Speaker 1: enrolled in the idea that we should just assume that

1516
01:22:02,920 --> 01:22:05,920
Speaker 1: Biden will be running again. Yeah, I agree. I mean

1517
01:22:06,040 --> 01:22:07,960
Speaker 1: nobody and you know what, people in this town are

1518
01:22:08,000 --> 01:22:11,800
Speaker 1: not exactly campaign exactly. Yes, exactly. And this is one

1519
01:22:11,840 --> 01:22:14,360
Speaker 1: of those other disconnects. They say in public, are you

1520
01:22:14,400 --> 01:22:17,200
Speaker 1: going to primary? In private, they're obviously not running yet, right,

1521
01:22:20,160 --> 01:22:22,240
Speaker 1: So I think that there will be many, many voices.

1522
01:22:22,240 --> 01:22:24,040
Speaker 1: To me, the issue is not the who, but the what,

1523
01:22:24,760 --> 01:22:28,800
Speaker 1: and the what is someone who is standing within the

1524
01:22:28,840 --> 01:22:31,639
Speaker 1: electual space for the kind of agenda that will really

1525
01:22:31,680 --> 01:22:35,519
Speaker 1: create the course correction the terrible imbalanced social and economic

1526
01:22:35,600 --> 01:22:38,639
Speaker 1: imbalance of opportunity in this country between a very very

1527
01:22:38,640 --> 01:22:41,800
Speaker 1: few people versus the vast majority of people, and what

1528
01:22:41,840 --> 01:22:44,400
Speaker 1: a danger that is not only do individual lives, but

1529
01:22:44,439 --> 01:22:46,720
Speaker 1: to the state of our democracy in our future. How

1530
01:22:46,720 --> 01:22:48,439
Speaker 1: do we you know, there are a lot of people

1531
01:22:48,439 --> 01:22:51,760
Speaker 1: who kind of had their hearts broken by various political idols,

1532
01:22:51,920 --> 01:22:53,800
Speaker 1: whether it was you know, really investing a lot of

1533
01:22:53,800 --> 01:22:56,120
Speaker 1: hope in the squad and AFC thinking Okay, now we've

1534
01:22:56,120 --> 01:22:57,840
Speaker 1: got a voice in Congress. They are going to be,

1535
01:22:58,200 --> 01:22:59,680
Speaker 1: you know, the voice of the people, are going to

1536
01:22:59,720 --> 01:23:02,479
Speaker 1: stand up to the powerful institutions that are there, and

1537
01:23:02,520 --> 01:23:04,960
Speaker 1: that not working out the way that we thought, whether

1538
01:23:05,000 --> 01:23:07,960
Speaker 1: it was Bernie Sanders, you know, immediately endorsing Joe Biden,

1539
01:23:08,040 --> 01:23:10,960
Speaker 1: not really extracting any concessions, playing a part in what

1540
01:23:11,200 --> 01:23:13,880
Speaker 1: ultimately ended up being a failed strategy this year. And

1541
01:23:13,880 --> 01:23:16,240
Speaker 1: this isn't to say these are like bad people or

1542
01:23:16,280 --> 01:23:18,800
Speaker 1: corrupt people, or they had bad intent, but just to say,

1543
01:23:18,800 --> 01:23:20,840
Speaker 1: at the end of the day, they didn't fulfill the

1544
01:23:20,960 --> 01:23:24,160
Speaker 1: role that people were hoping that they would ultimately fulfill.

1545
01:23:24,840 --> 01:23:27,920
Speaker 1: How do you give people sort of hope that they're

1546
01:23:27,920 --> 01:23:31,120
Speaker 1: not going to have their heartbroken again if they invest

1547
01:23:31,160 --> 01:23:35,080
Speaker 1: their emotional energy in another similar project. I think hope

1548
01:23:35,120 --> 01:23:38,960
Speaker 1: is born of participation and hopeful solutions. And none of

1549
01:23:38,960 --> 01:23:41,200
Speaker 1: this would have happened if the American people hadn't taken

1550
01:23:41,240 --> 01:23:42,559
Speaker 1: eye out of the ball the way we have in

1551
01:23:42,600 --> 01:23:45,200
Speaker 1: the last forty years. So we, the American people, need

1552
01:23:45,240 --> 01:23:48,320
Speaker 1: to take some responsibility for the part that our complacency

1553
01:23:48,320 --> 01:23:51,280
Speaker 1: played in a lot of this, our distractedness, our lack

1554
01:23:51,320 --> 01:23:54,559
Speaker 1: of civic responsibility. You can't heal anything in your life

1555
01:23:54,560 --> 01:23:57,080
Speaker 1: by making it all about how other people have disappointed you.

1556
01:23:57,640 --> 01:24:00,840
Speaker 1: And the issue is we were a sleep for too long,

1557
01:24:01,000 --> 01:24:05,200
Speaker 1: but we are awake now. You know. Churchill is famous

1558
01:24:05,240 --> 01:24:08,480
Speaker 1: for having said that you can always count on Americans

1559
01:24:08,520 --> 01:24:10,880
Speaker 1: to do the right thing after they have exhausted every

1560
01:24:10,920 --> 01:24:14,479
Speaker 1: other option. And history shows that we as a nation

1561
01:24:14,720 --> 01:24:18,479
Speaker 1: are often slow to get there, but once we get there,

1562
01:24:18,520 --> 01:24:21,000
Speaker 1: we slam it like nobody's business. And this is the

1563
01:24:21,080 --> 01:24:22,880
Speaker 1: year to do that. I think there is so much

1564
01:24:22,920 --> 01:24:26,680
Speaker 1: awakening going on right now, and the hope is not

1565
01:24:26,720 --> 01:24:29,320
Speaker 1: about what they're going to do, it's what we are

1566
01:24:29,360 --> 01:24:32,519
Speaker 1: going to do. I hope it to me. One last

1567
01:24:32,560 --> 01:24:34,840
Speaker 1: question for you, okay, because this is one of this

1568
01:24:34,880 --> 01:24:36,400
Speaker 1: is a personal question. It's one of the things that

1569
01:24:36,439 --> 01:24:39,439
Speaker 1: I really admire about you is you were talking about

1570
01:24:39,479 --> 01:24:41,960
Speaker 1: how people in this town have really hardened their hearts.

1571
01:24:42,040 --> 01:24:44,519
Speaker 1: It's like they don't even see the tents of the homeless.

1572
01:24:44,520 --> 01:24:46,960
Speaker 1: They don't even see the pain and suffering of them

1573
01:24:47,160 --> 01:24:52,280
Speaker 1: is right around them. Yes, you have remained and we're

1574
01:24:52,520 --> 01:24:54,439
Speaker 1: personal friends, so I know you're on a professional and

1575
01:24:54,439 --> 01:24:57,760
Speaker 1: also a personal basis. But you've remained this very vulnerable

1576
01:24:58,120 --> 01:25:02,040
Speaker 1: like you allow yourself to be vulnerable. You engage with

1577
01:25:02,600 --> 01:25:09,919
Speaker 1: criticism oftentimes unfair of yourself. You have maintained your deep compassion, empathy,

1578
01:25:09,960 --> 01:25:13,320
Speaker 1: and humanity, which I think are your strongest assets. How

1579
01:25:13,320 --> 01:25:15,760
Speaker 1: do you do that without just not like breaking down

1580
01:25:15,800 --> 01:25:17,680
Speaker 1: because I think I have such a thin skin. I

1581
01:25:17,720 --> 01:25:20,280
Speaker 1: don't know that I could maintain that sense of engagement

1582
01:25:20,680 --> 01:25:23,519
Speaker 1: and vulnerability and empathy that you seem to have been

1583
01:25:23,560 --> 01:25:26,439
Speaker 1: able to do. It's a cliche, but they say you

1584
01:25:26,479 --> 01:25:29,679
Speaker 1: get better or you get better, otherwise they really win.

1585
01:25:30,000 --> 01:25:33,040
Speaker 1: You become someone that you almost. You become what they

1586
01:25:33,080 --> 01:25:37,680
Speaker 1: say you are. You become that's the ultimate. You know,

1587
01:25:37,680 --> 01:25:40,240
Speaker 1: what are this? You know, it's like the ultimate. Not

1588
01:25:40,479 --> 01:25:46,200
Speaker 1: allowing all that to win is not allowing it to

1589
01:25:46,200 --> 01:25:50,240
Speaker 1: to pervert your humanity. Yeah, no, I think You're right,

1590
01:25:50,320 --> 01:25:52,160
Speaker 1: And I think that if you have any kind of

1591
01:25:52,200 --> 01:25:55,360
Speaker 1: a whether you see it in religious terms or spiritual terms,

1592
01:25:55,479 --> 01:25:59,160
Speaker 1: or even secular terms, you know it doesn't matter if

1593
01:25:59,240 --> 01:26:00,960
Speaker 1: you if you're a e ocean is to love and

1594
01:26:01,000 --> 01:26:05,200
Speaker 1: forgiveness and righteousness and ethics. You know that that's just

1595
01:26:05,240 --> 01:26:08,519
Speaker 1: another way that you and yourself are being tested, hamed,

1596
01:26:09,000 --> 01:26:12,720
Speaker 1: and given the opportunity to become a strong person. Yeah,

1597
01:26:13,000 --> 01:26:14,559
Speaker 1: very well said. Always lovely to have