1 00:00:01,080 --> 00:00:03,640 Speaker 1: So there are two stories when it comes to the 2 00:00:03,800 --> 00:00:08,039 Speaker 1: Cracker Barrel fiasco. One is what you know about that 3 00:00:08,119 --> 00:00:11,000 Speaker 1: has happened over the last I don't know, ten days. 4 00:00:11,720 --> 00:00:15,360 Speaker 1: And then there's the other part of the story. I 5 00:00:15,440 --> 00:00:19,120 Speaker 1: want to tell you just how stupid the CEO of 6 00:00:19,160 --> 00:00:23,319 Speaker 1: Cracker Barrel and their team actually is. Now, this is 7 00:00:23,320 --> 00:00:27,280 Speaker 1: the story you don't know about. There was a prominent 8 00:00:27,520 --> 00:00:32,280 Speaker 1: Cracker Barrel investor that warned executives that they were walking 9 00:00:32,360 --> 00:00:35,800 Speaker 1: into quote a text book trap. 10 00:00:36,400 --> 00:00:36,920 Speaker 2: That's right. 11 00:00:37,000 --> 00:00:41,320 Speaker 1: One of Cracker Barrel's largest investors literally sent up a 12 00:00:41,400 --> 00:00:47,000 Speaker 1: red flag last fall regarding the board director's rebranding plan 13 00:00:47,400 --> 00:00:50,120 Speaker 1: for the company, but it went unheated. 14 00:00:50,200 --> 00:00:52,839 Speaker 2: Now that was last fall. 15 00:00:52,880 --> 00:00:57,040 Speaker 1: In fact, it was a two page critique dated November thirteenth, 16 00:00:57,080 --> 00:01:02,840 Speaker 1: twenty twenty four. Start Ar Glory, who owns about five percent, 17 00:01:03,040 --> 00:01:06,119 Speaker 1: which is a lot of the restaurant chain's stock, wrote 18 00:01:06,160 --> 00:01:10,240 Speaker 1: his fellow shareholders that the Cracker Barrell transformation was quote 19 00:01:10,280 --> 00:01:15,440 Speaker 1: a mistake of misguided executives falling for quote a textbook 20 00:01:15,560 --> 00:01:21,960 Speaker 1: trap of overspending on cosmetic remodeling. Here is his exact words. 21 00:01:22,560 --> 00:01:25,480 Speaker 1: The day Cracker Burrough opened, it was already old. Its 22 00:01:25,520 --> 00:01:29,679 Speaker 1: theme derived from the nineteen twenties. I am concerned that 23 00:01:29,760 --> 00:01:32,280 Speaker 1: not only will the remodel not work, but it could 24 00:01:32,360 --> 00:01:37,479 Speaker 1: actually damage the brand further. These decisions are taking us 25 00:01:37,520 --> 00:01:40,680 Speaker 1: down the same path, he said. I believe as Ruby 26 00:01:40,720 --> 00:01:45,080 Speaker 1: Tuesday's Red Lobster, TGI Fridays and the likes. Let me 27 00:01:45,120 --> 00:01:48,680 Speaker 1: make my position clear, The shareholder said the coming seven 28 00:01:48,760 --> 00:01:52,520 Speaker 1: hundred million dollar remodel plan will not work. In a 29 00:01:52,560 --> 00:01:55,720 Speaker 1: private letter to shareholders on October the twenty fourth, the 30 00:01:55,760 --> 00:02:01,000 Speaker 1: man called the board's transformation plan obvious folly. The investor 31 00:02:01,240 --> 00:02:05,560 Speaker 1: is also a major investor in Stake and Shake Friendlies 32 00:02:05,680 --> 00:02:10,480 Speaker 1: and Western Sizzelin. Shareholders ultimately sided with the Cracker Barrell CEO, 33 00:02:11,400 --> 00:02:14,160 Speaker 1: who took the position with the company last year. They 34 00:02:14,280 --> 00:02:16,720 Speaker 1: rejected the shareholder's bid to become a member of the 35 00:02:16,760 --> 00:02:21,240 Speaker 1: board and instead elected Cracker Burrell's slate of ten recommended 36 00:02:21,320 --> 00:02:25,160 Speaker 1: nominees on November the twenty first of twenty twenty four. 37 00:02:25,360 --> 00:02:30,000 Speaker 1: A bunch of Yes people for a Predictable Woke CEO 38 00:02:30,720 --> 00:02:33,600 Speaker 1: management tow the vote as an endorsement of the transformation 39 00:02:34,080 --> 00:02:37,120 Speaker 1: as the quote right path to return Crackerbell to growth 40 00:02:37,120 --> 00:02:40,720 Speaker 1: and meaningful value creation for all shareholders. 41 00:02:41,160 --> 00:02:43,000 Speaker 2: The rollout of Crackerbell's. 42 00:02:42,400 --> 00:02:45,080 Speaker 1: New logo did not go well, and that's the story 43 00:02:45,160 --> 00:02:48,160 Speaker 1: you know about the stock falling from a close of 44 00:02:48,240 --> 00:02:51,560 Speaker 1: fifty eight to eighty last Wednesday to fifty to fifty 45 00:02:51,600 --> 00:02:55,280 Speaker 1: four the following day, resulting in one hundred million in 46 00:02:55,360 --> 00:02:59,320 Speaker 1: market value loss, all because they didn't understand who their 47 00:02:59,360 --> 00:03:02,800 Speaker 1: customers were and they were ashamed of their own brand. 48 00:03:03,240 --> 00:03:05,960 Speaker 1: Now they coming has since gone into damage control and 49 00:03:06,000 --> 00:03:10,080 Speaker 1: the stock rebounded to approximately fifty seven seventy by Tuesday, 50 00:03:10,680 --> 00:03:15,280 Speaker 1: only because the markets were realizing they were going to 51 00:03:15,360 --> 00:03:19,240 Speaker 1: stop this insane idea, which brings us to what you 52 00:03:19,440 --> 00:03:22,520 Speaker 1: know and where we are now. But first I want 53 00:03:22,560 --> 00:03:25,080 Speaker 1: to talk to you about my friends over at Patriot Mobile. 54 00:03:25,280 --> 00:03:28,040 Speaker 1: You've got a lot of choices for cell phone service, 55 00:03:28,440 --> 00:03:31,320 Speaker 1: with new ones popping up all the time. But if 56 00:03:31,400 --> 00:03:33,320 Speaker 1: you want to make a difference and you want to 57 00:03:33,360 --> 00:03:36,720 Speaker 1: stop giving your money to liberal companies, well one way 58 00:03:36,760 --> 00:03:39,640 Speaker 1: you can do that is by getting rid of Liberal 59 00:03:39,680 --> 00:03:42,960 Speaker 1: Mobile you probably have right now. That is where hundreds 60 00:03:43,000 --> 00:03:45,880 Speaker 1: of thousands of Americans are now coming together and have 61 00:03:46,040 --> 00:03:48,720 Speaker 1: made Patriot Mobile what they are today. They've been in 62 00:03:48,840 --> 00:03:53,240 Speaker 1: service now for thirteen years and right now is the 63 00:03:53,280 --> 00:03:57,080 Speaker 1: best time ever to switch, because it's never been easier. Now, 64 00:03:57,200 --> 00:03:59,080 Speaker 1: before I tell you about that, I want you to 65 00:03:59,120 --> 00:04:02,240 Speaker 1: know why switch is so important. Because every time you 66 00:04:02,280 --> 00:04:04,120 Speaker 1: make a call, every time you send a text, and 67 00:04:04,160 --> 00:04:07,000 Speaker 1: every time that you pay your bill, you're actually standing 68 00:04:07,040 --> 00:04:09,040 Speaker 1: up for the values you believe in your First and 69 00:04:09,080 --> 00:04:12,720 Speaker 1: your Second Amendment rights, the rights of unborn children. And 70 00:04:12,760 --> 00:04:16,240 Speaker 1: you stand with our military, our veterans, our wounded warriors, 71 00:04:16,240 --> 00:04:19,720 Speaker 1: and our fallen soldier families. Because Patriot Mobile takes about 72 00:04:19,760 --> 00:04:22,680 Speaker 1: five percent of your bill every month at no extra 73 00:04:22,760 --> 00:04:25,119 Speaker 1: cost to you, and they give it back to these 74 00:04:25,240 --> 00:04:29,480 Speaker 1: organizations that fight for our values. Now, let's talk about switching. 75 00:04:29,640 --> 00:04:32,000 Speaker 1: It has never been easier. You can keep your same number, 76 00:04:32,400 --> 00:04:35,719 Speaker 1: keep your saying phone, or upgrade. Patriot Mobile's got a 77 00:04:35,760 --> 00:04:38,839 Speaker 1: one hundred percent US based customer service team and literally 78 00:04:38,880 --> 00:04:42,520 Speaker 1: they can now with technology, get you activated in minutes 79 00:04:42,560 --> 00:04:45,560 Speaker 1: from the comforty your home or your office. You're second 80 00:04:45,560 --> 00:04:48,400 Speaker 1: to contract or owe money on your phones, no worries. 81 00:04:48,640 --> 00:04:51,800 Speaker 1: Patriot Mobile has a contract buyout program And this is 82 00:04:51,839 --> 00:04:56,279 Speaker 1: how we win, folks by aligning our spending with our values. 83 00:04:56,440 --> 00:04:59,240 Speaker 1: Every dollar we spend matters. Now, let me also give 84 00:04:59,279 --> 00:05:02,200 Speaker 1: you a free month of s Go to Patriotmobile dot 85 00:05:02,240 --> 00:05:08,760 Speaker 1: com slash ferguson. That's Patriot Mobile dot com slash ferguson, 86 00:05:09,240 --> 00:05:12,320 Speaker 1: or you can call them nine to seven to two Patriot. 87 00:05:12,560 --> 00:05:15,720 Speaker 1: Use the promo code ferguson, and you're gonna get one 88 00:05:15,760 --> 00:05:19,800 Speaker 1: month free service by switching today. So again, Patriotmobile dot 89 00:05:19,800 --> 00:05:22,800 Speaker 1: com slash ferguson. Use the promo code ferguson. You'll get 90 00:05:22,800 --> 00:05:26,080 Speaker 1: a free month of service today Patriotmobile dot com slash 91 00:05:26,080 --> 00:05:29,599 Speaker 1: ferguson or nine to seven to two Patriot. You would 92 00:05:29,640 --> 00:05:33,599 Speaker 1: think that companies would learn from the fiascos and the 93 00:05:33,640 --> 00:05:37,919 Speaker 1: disasters of woke ideology. A great example of that is 94 00:05:38,000 --> 00:05:42,360 Speaker 1: what happened with bud Light using a transgendered person aka 95 00:05:42,600 --> 00:05:45,359 Speaker 1: a dude acting like a chick to try to promote 96 00:05:45,400 --> 00:05:48,920 Speaker 1: their brand. We all know how that ended. You would 97 00:05:48,920 --> 00:05:52,920 Speaker 1: also think that CEOs in twenty twenty five would understand 98 00:05:53,120 --> 00:05:55,520 Speaker 1: that there's quite a few Americans out there that just 99 00:05:55,640 --> 00:05:59,400 Speaker 1: want brands to be normal and not push in agenda, 100 00:06:00,200 --> 00:06:03,680 Speaker 1: or if they have a core audience, don't be ashamed 101 00:06:03,720 --> 00:06:04,279 Speaker 1: of them. 102 00:06:04,279 --> 00:06:05,440 Speaker 2: And who they actually are. 103 00:06:06,200 --> 00:06:09,880 Speaker 1: Well, you would think that CEOs of companies would understand 104 00:06:09,920 --> 00:06:15,200 Speaker 1: that insert Cracker Barrel, aiming to quote modernize under the 105 00:06:15,279 --> 00:06:19,280 Speaker 1: new CEO appointed in twenty twenty three, they decided it 106 00:06:19,320 --> 00:06:21,880 Speaker 1: was a good idea to trash an entire brand, but 107 00:06:22,000 --> 00:06:26,400 Speaker 1: not just the brand, actually trash the customers that had 108 00:06:26,480 --> 00:06:30,919 Speaker 1: propped up that brand for decades. They unveiled what they 109 00:06:31,040 --> 00:06:34,960 Speaker 1: described as a minimalist text only logo and upditted the 110 00:06:35,040 --> 00:06:39,800 Speaker 1: restaurant de core, dropping the iconic image of Uncle Herschel, 111 00:06:40,320 --> 00:06:44,520 Speaker 1: the overalls clad man leaning on a barrel, and removing 112 00:06:44,800 --> 00:06:48,839 Speaker 1: the quote old country store from all of their branding. 113 00:06:49,680 --> 00:06:52,360 Speaker 2: Yes, it was a slap in the face or a middle. 114 00:06:52,120 --> 00:06:55,600 Speaker 1: Finger, however you want to describe it to the customers 115 00:06:55,600 --> 00:07:00,040 Speaker 1: that love Cracker Barrel oil customers and branding critics, and 116 00:07:00,080 --> 00:07:04,280 Speaker 1: then slam the changes, accusing the chain of abandoning not 117 00:07:04,320 --> 00:07:11,240 Speaker 1: only it's nostalgic but also it's Southern Country identity. The 118 00:07:11,320 --> 00:07:15,640 Speaker 1: company's stock tumbled by more than ten percent, in fact, 119 00:07:15,640 --> 00:07:19,000 Speaker 1: to seventeen percent if you look at the latest reports, 120 00:07:19,200 --> 00:07:21,880 Speaker 1: and the brand lost as much as one hundred million 121 00:07:21,960 --> 00:07:26,880 Speaker 1: dollars in its valuation. But apparently that wasn't enough for 122 00:07:27,200 --> 00:07:31,239 Speaker 1: Cracker Barrel leaders. They stuck to their plan day after 123 00:07:31,360 --> 00:07:35,280 Speaker 1: day as it continued to get out of control, and 124 00:07:35,360 --> 00:07:37,520 Speaker 1: then when they knew they had a road problem, they 125 00:07:37,520 --> 00:07:41,240 Speaker 1: went on Good Morning America the Cracker Barrel CEO on 126 00:07:41,360 --> 00:07:45,320 Speaker 1: the restaurant renovations that had made everyone start talking about 127 00:07:45,320 --> 00:07:48,800 Speaker 1: the brand. Here's what she had to say when was 128 00:07:48,840 --> 00:07:51,880 Speaker 1: asked about, Hey, did you guys maybe make a mistake? 129 00:07:52,200 --> 00:07:53,680 Speaker 3: And I got to ask this question, I think I'd 130 00:07:53,680 --> 00:07:57,920 Speaker 3: probably know the answer. What if all the customers are 131 00:07:58,080 --> 00:08:00,320 Speaker 3: coming at you hard enough about the look at a 132 00:08:00,360 --> 00:08:02,400 Speaker 3: restaurant and they want to go back to the old way. 133 00:08:02,560 --> 00:08:03,200 Speaker 2: Would you do it? 134 00:08:03,760 --> 00:08:07,240 Speaker 4: Honestly, the feedback's been overwhelmingly positive that people like what 135 00:08:07,280 --> 00:08:10,040 Speaker 4: we're doing. I'll give you another SoundBite. I actually happened 136 00:08:10,080 --> 00:08:12,160 Speaker 4: to be in Orlando last week with all of our managers. 137 00:08:12,160 --> 00:08:15,960 Speaker 4: We bring them together and once every other year, and 138 00:08:16,000 --> 00:08:18,160 Speaker 4: the number one question that I got asked Michael was 139 00:08:18,520 --> 00:08:20,120 Speaker 4: how can I get a remodel? When can I get 140 00:08:20,120 --> 00:08:22,160 Speaker 4: a remodel? How do I get on the list? Really so, 141 00:08:22,360 --> 00:08:25,120 Speaker 4: because the feedback and the buzz is so good, not 142 00:08:25,160 --> 00:08:27,640 Speaker 4: only from our customers but from our team members. They 143 00:08:27,640 --> 00:08:31,280 Speaker 4: want to work in a wonderful restaurant. So we're doing 144 00:08:31,320 --> 00:08:32,800 Speaker 4: everything for our guests and our team members. 145 00:08:32,960 --> 00:08:35,480 Speaker 3: When Julia Messino, it's wonderful to have you here, pleasure 146 00:08:35,480 --> 00:08:37,599 Speaker 3: to thank you. I answer those questions for all the 147 00:08:37,679 --> 00:08:41,079 Speaker 3: Cracker Barrey fans out there's a lot of great changes. 148 00:08:41,160 --> 00:08:43,600 Speaker 1: Thank you so much, a lot of great changes. Is 149 00:08:43,640 --> 00:08:46,080 Speaker 1: how Good Morning America put it well? That didn't go 150 00:08:46,200 --> 00:08:50,240 Speaker 1: over well. Fast forward to Monday and finally Cracker Barrow 151 00:08:50,280 --> 00:08:53,880 Speaker 1: Admite a defeat and there woke CEO realizing she had 152 00:08:53,920 --> 00:08:57,880 Speaker 1: a very big problem on her hands. Cracker Barrel acknowledge 153 00:08:57,920 --> 00:09:00,240 Speaker 1: did it quote could have done a better job job 154 00:09:00,320 --> 00:09:04,320 Speaker 1: of sharing who we are and who will always be 155 00:09:04,520 --> 00:09:07,880 Speaker 1: attempting to calm the furious customer base, and had abandon 156 00:09:07,960 --> 00:09:12,840 Speaker 1: the store. Their public communications team emphasized that quote beloved 157 00:09:12,920 --> 00:09:17,480 Speaker 1: elements like Uncle herschel rocking chairs out front, the classic 158 00:09:17,520 --> 00:09:22,080 Speaker 1: decor would in fact remain in the stores. And then 159 00:09:22,120 --> 00:09:26,320 Speaker 1: there's the politics of this. Donald Trump weighed in strongly 160 00:09:26,440 --> 00:09:30,000 Speaker 1: saying quote Crackerbrell should go back to the old logo 161 00:09:30,240 --> 00:09:32,920 Speaker 1: and made a mistake and manage the company better than 162 00:09:33,000 --> 00:09:37,640 Speaker 1: ever before. Hours later, the White House, via the pres 163 00:09:37,640 --> 00:09:43,880 Speaker 1: Secretary Caroline Levitt, praise Crackerbrell's decision to revert, stating that 164 00:09:43,920 --> 00:09:47,920 Speaker 1: Trump has unmatched business instincts and that the brand made 165 00:09:47,960 --> 00:09:50,880 Speaker 1: a great decision to trust the president of the United 166 00:09:50,920 --> 00:09:55,840 Speaker 1: States of America. By Tuesday evening, Cracker Barrel had changed 167 00:09:55,840 --> 00:09:57,240 Speaker 1: her tune even more. 168 00:09:57,840 --> 00:09:58,640 Speaker 2: They announced it. 169 00:09:58,600 --> 00:10:02,679 Speaker 1: Would scrap the new go entirely and revert to the 170 00:10:02,679 --> 00:10:06,760 Speaker 1: original old Timer design with Uncle Herschel and the old 171 00:10:06,840 --> 00:10:10,679 Speaker 1: country store naming back. The company described the change as 172 00:10:10,760 --> 00:10:17,680 Speaker 1: listening quote to its customers and reaffirming the importance of tradition, hospitality, 173 00:10:18,200 --> 00:10:22,800 Speaker 1: and comfort. Now Donald Trump's vocal criticism and the public 174 00:10:23,080 --> 00:10:28,440 Speaker 1: urging made a massive difference and aligned with widespread customer 175 00:10:28,520 --> 00:10:32,319 Speaker 1: outrage as well as the financial losses, and then Cracker 176 00:10:32,360 --> 00:10:35,600 Speaker 1: Barrel had to fully admit that the rebrand was a mistake. 177 00:10:36,240 --> 00:10:38,520 Speaker 1: Not only was it a mistake because they were ashamed 178 00:10:38,520 --> 00:10:42,720 Speaker 1: of apparently their image, they were ashamed of their customer base. 179 00:10:43,160 --> 00:10:46,640 Speaker 1: They wanted to be new, trendy and woke. Well now, 180 00:10:46,720 --> 00:10:49,360 Speaker 1: Cracker Barrel said, after losing one hundred million in their 181 00:10:49,640 --> 00:10:52,719 Speaker 1: market cap, Okay, I guess we're just going to go 182 00:10:52,840 --> 00:10:57,160 Speaker 1: back to how things were before. Remember, nothing was actually broken. 183 00:10:57,600 --> 00:11:00,000 Speaker 1: And this is the bigger question that so many people 184 00:11:00,280 --> 00:11:05,600 Speaker 1: should be asking, especially in the advertising, marketing and the 185 00:11:05,840 --> 00:11:10,520 Speaker 1: business brand world, why on earth would you try to 186 00:11:10,559 --> 00:11:14,240 Speaker 1: take an iconic brand like Cracker Barrel and change into 187 00:11:14,240 --> 00:11:18,400 Speaker 1: something clearly that doesn't align with your customers. It's an 188 00:11:18,440 --> 00:11:21,560 Speaker 1: amazing brand, it's a business that people love going into. 189 00:11:21,800 --> 00:11:25,120 Speaker 1: The food is actually incredible and the President United States 190 00:11:25,160 --> 00:11:28,760 Speaker 1: of America calling them out was a brilliant move. By 191 00:11:28,800 --> 00:11:31,120 Speaker 1: the way, he was also protecting so many of the 192 00:11:31,120 --> 00:11:35,520 Speaker 1: people that work there and people that invested in the business. 193 00:11:36,160 --> 00:11:36,400 Speaker 2: Job. 194 00:11:36,440 --> 00:11:38,319 Speaker 1: Well done to the President of the United States of 195 00:11:38,360 --> 00:11:41,720 Speaker 1: America for doing this, and it'll be very interesting to see 196 00:11:42,000 --> 00:11:44,640 Speaker 1: how long the leadership at Cracker Barrel will still be 197 00:11:44,720 --> 00:11:51,160 Speaker 1: employed after this nightmare and disaster. Donald Trump promised you 198 00:11:51,240 --> 00:11:53,880 Speaker 1: that tariffs were going to work, not only so America 199 00:11:54,000 --> 00:11:58,839 Speaker 1: wouldn't be taken advantage of anymore, especially hard working Americans. 200 00:11:59,120 --> 00:12:01,120 Speaker 1: He also said it was going to bring jobs back 201 00:12:01,120 --> 00:12:04,040 Speaker 1: to America, and he said it was going to raise 202 00:12:04,160 --> 00:12:06,080 Speaker 1: money that was not going to be. 203 00:12:06,120 --> 00:12:07,320 Speaker 2: A pass through to you. 204 00:12:08,040 --> 00:12:10,719 Speaker 1: Well, now we're finding out just how successful some of 205 00:12:10,760 --> 00:12:13,640 Speaker 1: the US tariff could be. By the end of the year, 206 00:12:13,880 --> 00:12:18,360 Speaker 1: as US tariff revenue could actually top five hundred billion 207 00:12:18,480 --> 00:12:23,920 Speaker 1: dollars a year. The US Treasury Secretary Scottvissent said today 208 00:12:24,080 --> 00:12:28,280 Speaker 1: the customs duty revenues from President Donald Trump's tariffs may 209 00:12:28,440 --> 00:12:32,360 Speaker 1: surpass five hundred billion a year, with a substantial jump 210 00:12:32,360 --> 00:12:36,520 Speaker 1: from July to August, and likely a bigger jump in September, 211 00:12:36,920 --> 00:12:41,920 Speaker 1: October and November with Christmas coming into the US Estimates 212 00:12:41,960 --> 00:12:44,840 Speaker 1: of a three hundred billion annual tariff collection rate was 213 00:12:44,920 --> 00:12:48,200 Speaker 1: too low, he said, quote, we had a substantial jump 214 00:12:48,280 --> 00:12:50,280 Speaker 1: from July to August, and I think we're going to 215 00:12:50,320 --> 00:12:54,160 Speaker 1: see a bigger jump from August to September. So I 216 00:12:54,200 --> 00:12:56,440 Speaker 1: think we could be on our way well over half 217 00:12:56,440 --> 00:13:01,679 Speaker 1: a trillion, maybe towards a trillion dollar n this administration. 218 00:13:01,840 --> 00:13:05,480 Speaker 1: Your administration has made a meaningful dent in the budget deficit. 219 00:13:05,920 --> 00:13:09,760 Speaker 1: Now tariff revenue would offset the deficit. Increase is triggered 220 00:13:10,120 --> 00:13:13,439 Speaker 1: by the Republican Tax cut and Spending bill passed this. 221 00:13:13,480 --> 00:13:14,040 Speaker 2: Year as well. 222 00:13:14,440 --> 00:13:17,480 Speaker 1: The Congressional Budget Office estimated that the bill would widen 223 00:13:17,559 --> 00:13:20,520 Speaker 1: the deficit by three point four trillion over the next 224 00:13:20,760 --> 00:13:25,480 Speaker 1: ten years. Well, Trump's tariffs drove July US customs duty 225 00:13:25,520 --> 00:13:29,120 Speaker 1: collections up by nearly twenty one billion from the seven 226 00:13:29,160 --> 00:13:32,560 Speaker 1: billion collected in July of twenty twenty four. And even 227 00:13:32,800 --> 00:13:36,000 Speaker 1: with that, you had a twenty billion dollar increase that 228 00:13:36,120 --> 00:13:41,079 Speaker 1: was registered in June. Now, this is a significant increase 229 00:13:41,200 --> 00:13:44,720 Speaker 1: in tariff rates for nearly all trading partners, and that 230 00:13:44,840 --> 00:13:46,520 Speaker 1: kicked in on August the seventh. 231 00:13:46,559 --> 00:13:48,720 Speaker 2: What does that mean? Even more money? 232 00:13:49,160 --> 00:13:52,959 Speaker 1: The US Treasury reported on Monday that is of August 233 00:13:53,040 --> 00:13:57,040 Speaker 1: the twenty second, the government had collected twenty nine point 234 00:13:57,080 --> 00:14:03,079 Speaker 1: six billion dollars twenty nine point six billion in combined 235 00:14:03,120 --> 00:14:07,880 Speaker 1: customs and excise taxes so far during August, matching its 236 00:14:07,880 --> 00:14:09,400 Speaker 1: total for the whole month of July. 237 00:14:09,760 --> 00:14:12,240 Speaker 2: And yes, there are still quite a few days left 238 00:14:12,280 --> 00:14:13,360 Speaker 2: in the month. Now. 239 00:14:13,400 --> 00:14:16,920 Speaker 1: As of July twenty second, that combined figure stood at 240 00:14:16,960 --> 00:14:21,200 Speaker 1: seven point eight billion, but customs duty collections can vary 241 00:14:21,280 --> 00:14:26,240 Speaker 1: from day today now. The Treasury Secretary Pisent also noted 242 00:14:26,520 --> 00:14:31,000 Speaker 1: that the Congressional Budget Offices upwardly revised estimates last week 243 00:14:31,800 --> 00:14:35,800 Speaker 1: a federal revenue from Trump's tariffs, forecasting that it could 244 00:14:35,880 --> 00:14:41,240 Speaker 1: quote reduce federal deficits by four trillion dollars over the 245 00:14:41,280 --> 00:14:45,640 Speaker 1: next ten years, saying, quote, and I would expect that 246 00:14:45,640 --> 00:14:49,640 Speaker 1: that number could go up from here. Now the latest 247 00:14:49,640 --> 00:14:53,720 Speaker 1: Congressional Budget Office estimate marks an increase from June when 248 00:14:53,720 --> 00:14:57,120 Speaker 1: it was forecast that revenue from new tariffs would reduce 249 00:14:57,200 --> 00:15:01,880 Speaker 1: deficits by three trillion over the next ten years. Well, 250 00:15:01,960 --> 00:15:05,840 Speaker 1: now that may jump to four trillion dollars. So the 251 00:15:05,840 --> 00:15:08,480 Speaker 1: President United States of America not only making sure that 252 00:15:08,520 --> 00:15:11,440 Speaker 1: we're protecting jobs, but also when it comes to our 253 00:15:11,520 --> 00:15:15,280 Speaker 1: national security issues. Scott Pissent went on the Ingram angle 254 00:15:15,480 --> 00:15:18,600 Speaker 1: talking about the risk to our economy and how dependent 255 00:15:18,640 --> 00:15:21,000 Speaker 1: we've been on foreign industry. 256 00:15:21,480 --> 00:15:22,560 Speaker 2: China included. 257 00:15:22,840 --> 00:15:24,800 Speaker 1: Here's part of what he had to say about bringing 258 00:15:24,880 --> 00:15:28,160 Speaker 1: industries back to our country and getting the mirror as 259 00:15:28,240 --> 00:15:29,400 Speaker 1: quickly as we can. 260 00:15:29,960 --> 00:15:32,560 Speaker 5: Rare earth in the magnets, obviously, those are the critical 261 00:15:32,600 --> 00:15:37,400 Speaker 5: things we need from China. How difficult a situation are 262 00:15:37,400 --> 00:15:41,640 Speaker 5: we in without an industrial policy that almost makes it 263 00:15:41,680 --> 00:15:45,200 Speaker 5: an emergency for us to be independent of our strongest 264 00:15:45,240 --> 00:15:48,640 Speaker 5: adversary when it comes to those critical things rare earth 265 00:15:48,880 --> 00:15:49,600 Speaker 5: and magnets. 266 00:15:49,960 --> 00:15:53,120 Speaker 6: Oh well, or it's rare ear, it's magnets, but it's 267 00:15:53,120 --> 00:15:55,520 Speaker 6: so many other things. It's the single biggest point of 268 00:15:55,520 --> 00:15:58,440 Speaker 6: failure for the US economy and for the Western economies. 269 00:15:58,880 --> 00:16:02,760 Speaker 6: Ninety nine percent of high value chips are made on 270 00:16:02,800 --> 00:16:06,640 Speaker 6: the island of Taiwan. So we're trying to bring semiconductor 271 00:16:06,680 --> 00:16:09,560 Speaker 6: manufacturing back to the US. We're trying to bring steel 272 00:16:09,600 --> 00:16:12,800 Speaker 6: production back to the US. We're bringing pharma back to 273 00:16:12,840 --> 00:16:16,360 Speaker 6: the US under President Trump's leadership. There's a group of 274 00:16:16,440 --> 00:16:19,400 Speaker 6: us in the Cabinet in the White House who believe 275 00:16:19,640 --> 00:16:23,360 Speaker 6: if we have not de risked the US economy and 276 00:16:23,520 --> 00:16:26,480 Speaker 6: brought these industries back on shore, when we walk out 277 00:16:26,520 --> 00:16:29,800 Speaker 6: the door in January twenty twenty nine, we will have failed. 278 00:16:29,880 --> 00:16:31,360 Speaker 6: And we are not going to fail. 279 00:16:31,520 --> 00:16:34,520 Speaker 5: And your message to Congress tonight, because without Congress really 280 00:16:34,560 --> 00:16:37,720 Speaker 5: taking action and spending real money for our own industrial policy, 281 00:16:37,880 --> 00:16:39,160 Speaker 5: this is going to be more difficult. 282 00:16:39,640 --> 00:16:42,000 Speaker 6: We've got to do this. The only good thing about 283 00:16:42,120 --> 00:16:44,600 Speaker 6: COVID was it was a beta test. We could see 284 00:16:44,760 --> 00:16:48,200 Speaker 6: there are plenty of unreliable suppliers. I mean, think about this. 285 00:16:48,720 --> 00:16:53,120 Speaker 6: Eighty ninety percent of the precursor pharma products that we 286 00:16:53,200 --> 00:16:57,560 Speaker 6: get for very basic medicines, you know, the antibiotics for 287 00:16:57,680 --> 00:17:01,680 Speaker 6: children come from China or India. So we have to 288 00:17:01,720 --> 00:17:03,440 Speaker 6: bring a big amount of that home. 289 00:17:03,720 --> 00:17:05,760 Speaker 1: You just heard it there. We've got to bring it 290 00:17:05,840 --> 00:17:08,680 Speaker 1: back home. We stress test this because of COVID. This 291 00:17:08,880 --> 00:17:11,720 Speaker 1: actually maybe one of the only good things that came 292 00:17:11,800 --> 00:17:15,080 Speaker 1: out of COVID was realizing just how risk we are 293 00:17:15,200 --> 00:17:18,720 Speaker 1: as a country, including on the issue of pharmaceuticals. 294 00:17:19,000 --> 00:17:22,240 Speaker 2: And so the present is not backing down on this. 295 00:17:22,720 --> 00:17:24,080 Speaker 2: That is very clear. 296 00:17:24,480 --> 00:17:27,200 Speaker 1: Now, that wasn't the only question that Scott was asked, 297 00:17:27,240 --> 00:17:29,640 Speaker 1: by the way about China. In fact, he was asked 298 00:17:29,640 --> 00:17:33,119 Speaker 1: a very tough question about China, and why is it 299 00:17:33,160 --> 00:17:36,400 Speaker 1: that China hasn't actually had to deal with secondary tariffs 300 00:17:36,440 --> 00:17:39,480 Speaker 1: for buying Russian oil. I want you to hear what 301 00:17:39,520 --> 00:17:42,239 Speaker 1: the administration and the Treasury Secretary had to say about that. 302 00:17:42,600 --> 00:17:45,119 Speaker 5: You know better than anyone that the Russian economy really 303 00:17:45,200 --> 00:17:48,000 Speaker 5: isn't strong enough or big enough to carry on a 304 00:17:48,040 --> 00:17:51,040 Speaker 5: sustained war and not certainly not indefinitely couldn't do it 305 00:17:51,119 --> 00:17:55,199 Speaker 5: without the help of India buying mostly oil, could not 306 00:17:55,440 --> 00:17:58,520 Speaker 5: do it without the help of China, which is providing 307 00:17:58,840 --> 00:18:01,199 Speaker 5: the bulk of the support to Russia. Now India has 308 00:18:01,200 --> 00:18:04,240 Speaker 5: gotten hitten with hit with secondary tariffs. I was I 309 00:18:04,240 --> 00:18:06,560 Speaker 5: think it's very positive, put them back on their heels 310 00:18:06,560 --> 00:18:10,320 Speaker 5: a bit. But China really is the big contributor to 311 00:18:10,440 --> 00:18:15,520 Speaker 5: Russia's current economic stability. Given that, why haven't we put 312 00:18:15,800 --> 00:18:20,240 Speaker 5: significant secondary tariffs on China for what they're doing to 313 00:18:20,240 --> 00:18:20,840 Speaker 5: help Russia. 314 00:18:21,119 --> 00:18:25,000 Speaker 6: Well, a couple of things there were. One, China had 315 00:18:25,080 --> 00:18:28,280 Speaker 6: always been buying Russian oil, So in twenty twenty two, 316 00:18:28,400 --> 00:18:30,840 Speaker 6: thirteen percent of their oil came from China and now 317 00:18:30,880 --> 00:18:35,040 Speaker 6: it's sixteen and they want to diversified oil supply. India, 318 00:18:35,040 --> 00:18:38,360 Speaker 6: on the other hand, got about one percent of their 319 00:18:38,359 --> 00:18:41,560 Speaker 6: oil from China in twenty two. Now it's up to 320 00:18:41,680 --> 00:18:44,679 Speaker 6: thirty seven percent. So they're doing what I call the 321 00:18:44,800 --> 00:18:49,800 Speaker 6: Indian arbitrage. They're buying cheap Russian oil, selling petrochemicals back out. 322 00:18:50,280 --> 00:18:53,440 Speaker 6: Much of that is going to the richest families in India. 323 00:18:54,000 --> 00:18:58,119 Speaker 6: We already have very high tariffs on China, and now 324 00:18:58,240 --> 00:18:59,720 Speaker 6: India is going to see what it feels like. 325 00:19:00,080 --> 00:19:02,040 Speaker 5: Kind of buys an enormous amount of agg from Russia 326 00:19:02,119 --> 00:19:05,080 Speaker 5: as well. And they are the biggest supporter of Russia. 327 00:19:05,160 --> 00:19:07,680 Speaker 5: Without Without China, Russia couldn't be in this war. 328 00:19:07,800 --> 00:19:08,440 Speaker 2: Do you not agree? 329 00:19:08,840 --> 00:19:14,159 Speaker 6: I agree. They've fifteen billion minimum in dual use technologies 330 00:19:14,240 --> 00:19:17,840 Speaker 6: and other support that I'm sure we don't know about. 331 00:19:17,840 --> 00:19:21,640 Speaker 1: What This is truly incredible. And so I think there's 332 00:19:21,680 --> 00:19:23,600 Speaker 1: two things here. If you listen to what he had 333 00:19:23,680 --> 00:19:26,879 Speaker 1: to say, he said, Number one, China has always been 334 00:19:26,880 --> 00:19:29,720 Speaker 1: buying Russian oil. So in twenty twenty two, thirteen percent 335 00:19:29,760 --> 00:19:33,280 Speaker 1: of their oil came from China and now it's sixteen. 336 00:19:33,920 --> 00:19:37,400 Speaker 1: And they also said want to diversified oil supply. Now India, 337 00:19:37,440 --> 00:19:39,360 Speaker 1: he says, on the other hand, got one percent they're 338 00:19:39,359 --> 00:19:40,920 Speaker 1: oil from China in twenty twenty two. 339 00:19:41,400 --> 00:19:43,600 Speaker 2: That is now up to thirty seven percent. 340 00:19:44,160 --> 00:19:47,919 Speaker 1: So this is another example of the present dealing with 341 00:19:48,080 --> 00:19:52,440 Speaker 1: policy issues that the last administration refused to. 342 00:19:52,520 --> 00:19:54,679 Speaker 2: Even think about looking at. 343 00:19:54,920 --> 00:19:59,200 Speaker 1: In the prior administration, it was obvious that they would 344 00:19:59,240 --> 00:20:03,160 Speaker 1: just look other way, no matter what, they would look 345 00:20:03,200 --> 00:20:07,760 Speaker 1: the other way and let this happen. And this administration saying, no, 346 00:20:08,440 --> 00:20:10,879 Speaker 1: we're not gonna do that. No, we are not going 347 00:20:10,960 --> 00:20:13,400 Speaker 1: to sit here and act like this isn't happening. We're 348 00:20:13,400 --> 00:20:17,000 Speaker 1: not going to allow these countries to continue to act 349 00:20:17,119 --> 00:20:19,840 Speaker 1: this way. That is the part about this that I 350 00:20:19,880 --> 00:20:24,240 Speaker 1: think is so vitally important is that this is happening 351 00:20:24,320 --> 00:20:28,720 Speaker 1: right now by a president that is not afraid to 352 00:20:28,960 --> 00:20:33,920 Speaker 1: make those tough decisions. One other thing that I just 353 00:20:33,960 --> 00:20:36,560 Speaker 1: want to point out on this and is the point that, 354 00:20:36,880 --> 00:20:39,919 Speaker 1: by the way, has been made by several others, is 355 00:20:39,920 --> 00:20:42,720 Speaker 1: that while we are getting the rest of the world 356 00:20:42,880 --> 00:20:48,679 Speaker 1: in check, the US debt is getting paid down by 357 00:20:48,760 --> 00:20:49,720 Speaker 1: all of these tariffs. 358 00:20:49,800 --> 00:20:53,640 Speaker 2: So we're bringing jobs back to America. 359 00:20:53,760 --> 00:20:58,840 Speaker 1: We are then holding these bad actors accountable for what 360 00:20:59,080 --> 00:21:03,320 Speaker 1: they've been doing, and we're getting money out of them 361 00:21:03,680 --> 00:21:07,160 Speaker 1: for the reasons that we just described. You put all 362 00:21:07,240 --> 00:21:12,199 Speaker 1: of that together, it is unbelievable. I mean, it is 363 00:21:12,680 --> 00:21:17,159 Speaker 1: truly unbelievable what is happening right now. And there's so 364 00:21:17,240 --> 00:21:20,159 Speaker 1: many Americans that should be thankful for the president. The 365 00:21:20,200 --> 00:21:23,600 Speaker 1: President Trump, by the way, also threatening tariffs and response 366 00:21:24,000 --> 00:21:28,199 Speaker 1: to digital taxes and regulations as well. This is a 367 00:21:28,359 --> 00:21:31,440 Speaker 1: new frontier for US. But President Donald Trump said this, 368 00:21:31,560 --> 00:21:33,920 Speaker 1: he said, look, I've already made tariffs a key component 369 00:21:34,000 --> 00:21:37,359 Speaker 1: of my president of playbook. Now he's threatened to attack 370 00:21:37,680 --> 00:21:42,359 Speaker 1: significant extra tariffs on exports to America from countries with 371 00:21:42,520 --> 00:21:47,440 Speaker 1: what he describes as digital taxes and regulations. Quote as 372 00:21:47,480 --> 00:21:50,160 Speaker 1: the presidents it's America. I will stand up to countries 373 00:21:50,200 --> 00:21:55,520 Speaker 1: that attack are incredible American tech companies, Digital taxes, digital 374 00:21:55,600 --> 00:22:02,040 Speaker 1: services legislation, and digital market market regulations are all designed 375 00:22:02,040 --> 00:22:07,760 Speaker 1: to harm or discriminate against American technology. They also outrageously 376 00:22:07,800 --> 00:22:11,480 Speaker 1: give a complete pass to China's largest tech companies. 377 00:22:11,920 --> 00:22:13,679 Speaker 2: This must end and end now. 378 00:22:14,040 --> 00:22:16,240 Speaker 1: In addition to the threat of tariffs against offenders, he 379 00:22:16,280 --> 00:22:20,720 Speaker 1: also threatened to impose restrictions on the export of US 380 00:22:20,800 --> 00:22:22,240 Speaker 1: technology as well. 381 00:22:22,800 --> 00:22:25,320 Speaker 2: And he said, We're not doing this anymore. 382 00:22:25,800 --> 00:22:29,800 Speaker 1: We are going to put America first, America technology companies first, 383 00:22:30,000 --> 00:22:31,720 Speaker 1: and we're not going to allow China to be able 384 00:22:31,720 --> 00:22:33,960 Speaker 1: to get away with this, and we're going to hold 385 00:22:34,040 --> 00:22:39,040 Speaker 1: any other country accountable. This is incredible, truly incredible for 386 00:22:39,359 --> 00:22:46,199 Speaker 1: everyone involved. Nearly two dozen Republican state attorney generals have 387 00:22:46,359 --> 00:22:50,400 Speaker 1: sent a letter to the EPA chief Lee Zelden, calling 388 00:22:50,480 --> 00:22:54,040 Speaker 1: on him to cancel funding to a left wing environmental 389 00:22:54,119 --> 00:23:00,000 Speaker 1: group accused of training and lobbying judges on climate policy. 390 00:23:00,560 --> 00:23:05,679 Speaker 1: Fox News Digital has exclusively revealed this quote as Attorney General, 391 00:23:06,080 --> 00:23:10,000 Speaker 1: I refuse to stand by while American tax dollars fund 392 00:23:10,080 --> 00:23:14,399 Speaker 1: radical environmental training for judges across the country. Is with 393 00:23:14,560 --> 00:23:18,560 Speaker 1: the Montana Attorney General told Fox News Digital of his 394 00:23:18,680 --> 00:23:22,040 Speaker 1: push to encourage the EPA to end its funding of 395 00:23:22,080 --> 00:23:27,800 Speaker 1: the Climate Judiciary Project quote the Environmental Law Institutes. Climate 396 00:23:27,880 --> 00:23:33,399 Speaker 1: Judiciary Project is using woke climate propaganda under the guise 397 00:23:33,600 --> 00:23:38,240 Speaker 1: of what they call neutral quote unquote education to persuade 398 00:23:38,400 --> 00:23:44,840 Speaker 1: judges and push their wildly unpopular agenda through the court system. 399 00:23:45,240 --> 00:23:48,440 Speaker 1: He went on to say, I commend President Trump's efforts 400 00:23:48,840 --> 00:23:51,359 Speaker 1: to cut waste and abuse during the first eight months 401 00:23:51,400 --> 00:23:55,040 Speaker 1: of his presidency, and I am optimistic that his administration 402 00:23:55,160 --> 00:23:58,320 Speaker 1: will do the right thing and halt all funding to 403 00:23:58,800 --> 00:24:04,679 Speaker 1: el Now. He spearheaded this ag the letter that was 404 00:24:04,720 --> 00:24:09,440 Speaker 1: sent to Zelden, which included the signatures of twenty two 405 00:24:09,840 --> 00:24:13,919 Speaker 1: other Republican state attorney generals, all of them calling for 406 00:24:14,000 --> 00:24:17,440 Speaker 1: the EPA to acts their funding to the left wing 407 00:24:17,520 --> 00:24:21,080 Speaker 1: environmental nonprofit. Now they lie and they say that this 408 00:24:21,119 --> 00:24:22,320 Speaker 1: thing is like neutral. 409 00:24:22,440 --> 00:24:22,800 Speaker 2: It's not. 410 00:24:23,440 --> 00:24:28,160 Speaker 1: It is called the Environmental Law Institute. They claim they 411 00:24:28,359 --> 00:24:34,280 Speaker 1: oversee the neutral importance of climate law. In reality, they 412 00:24:34,359 --> 00:24:39,080 Speaker 1: oversee the Climate Judiciary Project known as the CJP. 413 00:24:39,840 --> 00:24:40,000 Speaker 2: Now. 414 00:24:40,040 --> 00:24:44,119 Speaker 1: The Environmental Law Institute was founded by the Climate Judiciary 415 00:24:44,160 --> 00:24:48,359 Speaker 1: Project in twenty eighteen, which pitches itself as a quote 416 00:24:48,359 --> 00:24:55,720 Speaker 1: first of its kind effort that provides judges nationwide with authoritative, objective, 417 00:24:56,000 --> 00:25:01,640 Speaker 1: and trusted education on climate science, impacts of climate change, 418 00:25:02,160 --> 00:25:06,639 Speaker 1: and the ways climate science is arising into the law. 419 00:25:07,119 --> 00:25:11,000 Speaker 1: The group has actually been accused of trying to manipulate 420 00:25:11,119 --> 00:25:16,320 Speaker 1: judges to make them more understanding or advocates or exciting 421 00:25:16,440 --> 00:25:21,840 Speaker 1: to left wing climate litigation. The letters sent Tuesday called 422 00:25:21,880 --> 00:25:26,159 Speaker 1: on the EPA to specifically end any and all grants 423 00:25:26,200 --> 00:25:29,880 Speaker 1: and awards that are endowed to this group, saying this, 424 00:25:30,600 --> 00:25:34,000 Speaker 1: we write to bring attention to the grants made by 425 00:25:34,040 --> 00:25:38,240 Speaker 1: the EPA to the Environmental Law Institute. The letter reads, 426 00:25:38,359 --> 00:25:42,560 Speaker 1: according to its twenty twenty four financial statements, ELI received 427 00:25:42,560 --> 00:25:46,800 Speaker 1: approximately thirteen percent of its overall revenue in twenty twenty 428 00:25:46,800 --> 00:25:49,720 Speaker 1: three and eight point four percent in twenty twenty four 429 00:25:50,160 --> 00:25:54,679 Speaker 1: from EPA awards. The group also apparently still expected to 430 00:25:54,720 --> 00:25:58,800 Speaker 1: receive funds from the federal government. Its financial statement warned 431 00:25:58,840 --> 00:26:02,639 Speaker 1: that the collect the ability of federal grant funds is 432 00:26:02,720 --> 00:26:10,000 Speaker 1: subject to significant uncertainty related to collaboration and continual funding 433 00:26:10,440 --> 00:26:14,040 Speaker 1: due to the Federal grant funding freeze or other federal 434 00:26:14,200 --> 00:26:17,879 Speaker 1: actions quote unquote. In other words, they knew Trump was 435 00:26:17,920 --> 00:26:20,359 Speaker 1: in office, and there's a chance these funds could go 436 00:26:20,440 --> 00:26:23,359 Speaker 1: away if they found out what they were actually doing 437 00:26:23,359 --> 00:26:27,200 Speaker 1: with the money. Now, the Environmental Law Institute actually received 438 00:26:27,240 --> 00:26:31,680 Speaker 1: six hundred and thirty seven thousand change from the EPA 439 00:26:31,840 --> 00:26:35,280 Speaker 1: in twenty twenty four, to be clear, that's your tax dollars, 440 00:26:35,760 --> 00:26:39,639 Speaker 1: and then eight hundred and sixty six thousand in twenty 441 00:26:39,680 --> 00:26:43,439 Speaker 1: twenty three from the EPA, again your tax dollars. That 442 00:26:43,560 --> 00:26:48,560 Speaker 1: according to the nonprofit tax documents that have been published, quote, 443 00:26:48,880 --> 00:26:54,000 Speaker 1: the Climate Judiciary's Project mission is clear lobby judges in 444 00:26:54,240 --> 00:26:58,399 Speaker 1: order to make climate change policy through the court systems. 445 00:26:58,760 --> 00:27:01,399 Speaker 1: The twenty three state Attorney Generals said this clearly in 446 00:27:01,440 --> 00:27:05,520 Speaker 1: the letter, saying quote an alumni magazine profile said the 447 00:27:05,600 --> 00:27:09,439 Speaker 1: quiet part out loud, writing that the Climate Judiciary Project 448 00:27:09,520 --> 00:27:13,639 Speaker 1: co founder was explaining the science of climate change to 449 00:27:13,720 --> 00:27:19,159 Speaker 1: a group of people with real power to act on it, judges. 450 00:27:19,680 --> 00:27:24,359 Speaker 1: The Climate Judiciary Projects tampering raises serious legal and also 451 00:27:24,600 --> 00:27:29,399 Speaker 1: ethical questions. The Environmental Law Institute, in a recent comment 452 00:27:29,480 --> 00:27:33,600 Speaker 1: to Fox Digital about this story, maintains that its only 453 00:27:33,720 --> 00:27:38,040 Speaker 1: purpose is educational programs that they are in accordance with 454 00:27:38,200 --> 00:27:43,280 Speaker 1: these standards established by the National Judicial Education Institution. Climate 455 00:27:43,400 --> 00:27:48,159 Speaker 1: Judiciary Projects educational events are done quote in partnership with 456 00:27:48,359 --> 00:27:53,679 Speaker 1: leading national judicial education institutions. State judicial authorities. Also, they 457 00:27:53,720 --> 00:27:56,800 Speaker 1: claim in accordance with their accepted standards. That's what the 458 00:27:56,800 --> 00:28:01,240 Speaker 1: spokesperson said. Well, the reality is these are radical lefties 459 00:28:01,520 --> 00:28:05,040 Speaker 1: and the call for the EPA to slash any funds 460 00:28:05,080 --> 00:28:08,760 Speaker 1: to the Environmental Law Institute is long overdue. It was 461 00:28:08,880 --> 00:28:13,280 Speaker 1: clearly established, and it was established for one purpose, to 462 00:28:13,320 --> 00:28:16,399 Speaker 1: get in front of judges and make judges go hard 463 00:28:16,920 --> 00:28:20,320 Speaker 1: on anyone they believe is not you know, woke, is 464 00:28:20,359 --> 00:28:23,800 Speaker 1: not saying that global warming is a fact, that is 465 00:28:23,840 --> 00:28:27,879 Speaker 1: doing anything that global warming advocates or the anarchists say 466 00:28:28,480 --> 00:28:32,040 Speaker 1: is somehow evil or hurting the earth. That's why they're 467 00:28:32,119 --> 00:28:36,000 Speaker 1: lobbying these judges. The state attorney generals quote are right 468 00:28:36,080 --> 00:28:39,600 Speaker 1: to call for the elimination of taxpayer funding for the 469 00:28:39,720 --> 00:28:43,760 Speaker 1: Environmental Law Institute and its Climate Judiciary project. That is 470 00:28:43,760 --> 00:28:48,840 Speaker 1: what Jason Eiscott, the CEO of American Energy Institute said, saying, quote, 471 00:28:49,240 --> 00:28:53,240 Speaker 1: this is a coordinated campaign by the left to advance 472 00:28:53,280 --> 00:28:56,080 Speaker 1: the Green New Deal, and this time they want to 473 00:28:56,120 --> 00:28:59,880 Speaker 1: do it through the judiciary, using so called climate litigation 474 00:29:00,280 --> 00:29:04,480 Speaker 1: in the courts. Its curriculum is clear. It was developed 475 00:29:04,520 --> 00:29:09,120 Speaker 1: by climate alarmists and their allies of the plaintiffs and 476 00:29:09,160 --> 00:29:14,280 Speaker 1: delivered two judges behind closed doors. Public funds should never 477 00:29:14,360 --> 00:29:20,000 Speaker 1: be used to finance political advocacy disguised as judicial education. 478 00:29:20,760 --> 00:29:22,880 Speaker 1: Now you also look at the executive director of the 479 00:29:22,880 --> 00:29:27,360 Speaker 1: Alliance for Consumers, that's a nonprofit focus on advocating on 480 00:29:27,440 --> 00:29:29,080 Speaker 1: behalf of American consumers. 481 00:29:29,520 --> 00:29:31,480 Speaker 2: What do they say about this quote? 482 00:29:31,800 --> 00:29:34,480 Speaker 1: As we have long warned, the left has a plan 483 00:29:34,600 --> 00:29:39,000 Speaker 1: to reshape American society by using lawsuits in the courts 484 00:29:39,120 --> 00:29:44,000 Speaker 1: all across the country, especially in places like Hawaii and 485 00:29:44,240 --> 00:29:49,200 Speaker 1: other coastal enclaves. The new wave of revelations about ELI 486 00:29:49,640 --> 00:29:53,440 Speaker 1: is further concerning evidence of how committed they say the 487 00:29:53,520 --> 00:29:59,160 Speaker 1: left is to imposing mandatory progressive lifestyle choices through the 488 00:29:59,280 --> 00:30:02,600 Speaker 1: court room and are maneuvering to see how big they 489 00:30:02,640 --> 00:30:04,520 Speaker 1: can do it and how big of a threat they 490 00:30:04,560 --> 00:30:07,640 Speaker 1: can actually be to every one of our way of lives, which, 491 00:30:07,680 --> 00:30:10,320 Speaker 1: by the way, is where we should just pause. And 492 00:30:10,400 --> 00:30:13,840 Speaker 1: if you think what I'm saying is maybe crazy, let's 493 00:30:13,920 --> 00:30:16,680 Speaker 1: just go back a few months ago when there was 494 00:30:16,720 --> 00:30:19,840 Speaker 1: a guy named Joe Biden who was in theory the president. 495 00:30:20,440 --> 00:30:23,120 Speaker 1: What do they try to do. Do you remember when 496 00:30:23,120 --> 00:30:27,200 Speaker 1: they started trying to ban gas stoves? Yes, that was 497 00:30:27,240 --> 00:30:30,120 Speaker 1: the left, And how do they start that idea the 498 00:30:30,200 --> 00:30:33,480 Speaker 1: exact way that we're talking about this right now. They 499 00:30:33,520 --> 00:30:36,160 Speaker 1: want to take away your rights acide what you want 500 00:30:36,200 --> 00:30:38,120 Speaker 1: to do. They want to take away your rights to 501 00:30:38,200 --> 00:30:41,280 Speaker 1: side what type of car you can drive. They want 502 00:30:41,320 --> 00:30:44,120 Speaker 1: to make sure that you don't have the option that 503 00:30:44,200 --> 00:30:47,520 Speaker 1: they tell you what the value set is and then 504 00:30:47,560 --> 00:30:49,920 Speaker 1: you must abide by it, and if you don't, they'll 505 00:30:49,960 --> 00:30:53,880 Speaker 1: literally arrest you or find you. And this Tuesday letter 506 00:30:54,320 --> 00:31:00,640 Speaker 1: specifically argued that quote, state consumer protection laws prohibit deceptive 507 00:31:00,680 --> 00:31:04,720 Speaker 1: and misleading statements to market a product. They then say 508 00:31:04,760 --> 00:31:09,760 Speaker 1: Elia is representing its training as objective when reality shows 509 00:31:09,920 --> 00:31:12,480 Speaker 1: that it's not. And the state attorney general is all 510 00:31:12,520 --> 00:31:15,360 Speaker 1: twenty two of them are responsible to say, say for 511 00:31:15,520 --> 00:31:21,560 Speaker 1: protecting consumers, and we are concerned by this activist group's statements. 512 00:31:22,120 --> 00:31:24,000 Speaker 1: Now here's the big point that you need to know. 513 00:31:24,280 --> 00:31:28,160 Speaker 1: The EPA has taken a hatchet to millions and millions 514 00:31:28,160 --> 00:31:31,840 Speaker 1: of dollars doled out under the Biden administration to left 515 00:31:31,840 --> 00:31:35,200 Speaker 1: winging radical groups and other programs deemed a waste of 516 00:31:35,280 --> 00:31:39,960 Speaker 1: taxpayer funds. Lee Zelden also making it clear that he 517 00:31:40,080 --> 00:31:43,239 Speaker 1: is going to look at this problem and see what 518 00:31:43,280 --> 00:31:45,760 Speaker 1: he can do about it. The EPA under the Trump 519 00:31:45,760 --> 00:31:49,600 Speaker 1: administration has already canceled more than twenty billion grants under 520 00:31:49,600 --> 00:31:53,480 Speaker 1: the Inflation Reduction Act, which has led to ongoing court 521 00:31:53,520 --> 00:31:56,720 Speaker 1: battles the same courts right now that liberals are trying 522 00:31:56,760 --> 00:32:00,680 Speaker 1: to indoctrinate. And that's exactly why the United States of 523 00:32:00,680 --> 00:32:03,560 Speaker 1: America picked lee Zelden. And while there's a very good 524 00:32:03,640 --> 00:32:06,320 Speaker 1: chance what we just talked about is going to become 525 00:32:06,400 --> 00:32:10,640 Speaker 1: even more of a reality moving forward, don't forget Share 526 00:32:10,680 --> 00:32:13,800 Speaker 1: this podcast please with your family and your friends wherever 527 00:32:14,080 --> 00:32:17,400 Speaker 1: they are, and I will see you back here tomorrow.