1 00:00:00,160 --> 00:00:03,400 Speaker 1: Welcome to today's edition of the Clay Travis and Buck 2 00:00:03,440 --> 00:00:04,720 Speaker 1: Sexton Show podcast. 3 00:00:05,280 --> 00:00:08,240 Speaker 2: All right, third hour of Clay and Buck kicks off now. 4 00:00:08,520 --> 00:00:14,360 Speaker 2: Phenomenal guests joining us in this moment. Kevin O'Leary, mister 5 00:00:14,560 --> 00:00:20,079 Speaker 2: wonderful from Shark Tank, entrepreneur, investor and the guy who 6 00:00:20,079 --> 00:00:23,240 Speaker 2: says often the most amusing stuff on the Shark Tank Show. Kevin, 7 00:00:23,280 --> 00:00:24,720 Speaker 2: thanks for being here, great to beer. 8 00:00:24,840 --> 00:00:26,320 Speaker 3: Thank you. Let's start. 9 00:00:26,360 --> 00:00:28,320 Speaker 2: I know you're up on Capitol Hill. You're trying to 10 00:00:28,680 --> 00:00:33,360 Speaker 2: advocate for the small business men and women of America, 11 00:00:33,479 --> 00:00:38,160 Speaker 2: which is super important obviously, really the engine of economic 12 00:00:38,280 --> 00:00:42,360 Speaker 2: growth in so many ways. What headwinds are they running 13 00:00:42,360 --> 00:00:44,080 Speaker 2: into right now under this administration? 14 00:00:44,280 --> 00:00:45,280 Speaker 3: Like what are they doing? 15 00:00:45,520 --> 00:00:48,440 Speaker 2: What is this White House or this Congress doing wrong 16 00:00:48,560 --> 00:00:51,040 Speaker 2: when it comes to the small businesses of America. 17 00:00:51,440 --> 00:00:53,279 Speaker 1: Well, let me paint the picture, because I deal with 18 00:00:53,320 --> 00:00:57,240 Speaker 1: this every day. I've got over thirty portfolio companies, primarily 19 00:00:57,320 --> 00:01:01,279 Speaker 1: FIRSTUS second generation families in America. You know, we think 20 00:01:01,280 --> 00:01:03,120 Speaker 1: about our economy. A lot of people don't know this. 21 00:01:03,200 --> 00:01:06,800 Speaker 1: The S and P five hundred massive companies, biggest index 22 00:01:06,880 --> 00:01:11,360 Speaker 1: in the world, but they only represent forty percent of employers. 23 00:01:11,400 --> 00:01:12,760 Speaker 1: And many of the people at work for the S 24 00:01:12,760 --> 00:01:15,880 Speaker 1: and P five hundred, those giant companies, those employees are 25 00:01:15,880 --> 00:01:18,720 Speaker 1: outside of the United States, almost in some cases half 26 00:01:18,800 --> 00:01:22,600 Speaker 1: of them, depending on the company. So domestically, who employs 27 00:01:22,640 --> 00:01:25,400 Speaker 1: all of us? It's small business. And so what I'm 28 00:01:25,440 --> 00:01:28,679 Speaker 1: frustrated about is right now, you remember the beginning of 29 00:01:28,720 --> 00:01:32,800 Speaker 1: this latest banking crisis when Silicon Valley Bank and unfortunately 30 00:01:32,840 --> 00:01:36,160 Speaker 1: run by idiots, went to zero, but that caused a 31 00:01:36,200 --> 00:01:39,160 Speaker 1: ripple effect, and what's occurring now is the regulators of 32 00:01:39,200 --> 00:01:42,880 Speaker 1: small regional banks there's about four thousand, one hundred and 33 00:01:42,920 --> 00:01:46,840 Speaker 1: sixty of them, which really bank and provide credit for 34 00:01:46,880 --> 00:01:50,200 Speaker 1: small business in America, are under tremendous pressure. They're being 35 00:01:50,240 --> 00:01:52,920 Speaker 1: required to change how much capital they have liquid on 36 00:01:52,960 --> 00:01:55,240 Speaker 1: their balance sheets, and basically what that means is they're 37 00:01:55,240 --> 00:01:58,640 Speaker 1: closing their loan books, so it's very, very hard to 38 00:01:58,680 --> 00:02:02,840 Speaker 1: borrow money anymore. This is happening at the same time 39 00:02:03,480 --> 00:02:06,800 Speaker 1: that Congress has done a trillion dollars with a paper 40 00:02:06,840 --> 00:02:09,120 Speaker 1: printing which even hasn't gone off the door yet, and 41 00:02:09,160 --> 00:02:12,720 Speaker 1: it's called the Inflation Reduction Act the IRA, and the 42 00:02:12,880 --> 00:02:15,960 Speaker 1: other one is the Chips and Science Act. All of 43 00:02:15,960 --> 00:02:18,400 Speaker 1: that money is one of the big guys, all of it, 44 00:02:18,480 --> 00:02:20,280 Speaker 1: not some of it, all of it, one hundred percent 45 00:02:20,320 --> 00:02:21,880 Speaker 1: of it to S and P five hundred companies. So 46 00:02:21,919 --> 00:02:24,040 Speaker 1: he asked me why the stock market's doing so well. 47 00:02:24,040 --> 00:02:27,760 Speaker 1: It's because it's got this unlimited lift of printed paper 48 00:02:28,200 --> 00:02:30,520 Speaker 1: to go to them for free. It's basically free money, 49 00:02:30,760 --> 00:02:35,160 Speaker 1: and yet nothing for the small guy, nothing, absolutely nothing. 50 00:02:35,200 --> 00:02:38,920 Speaker 1: Now that is totally screwed up, imbalanced, not fair. And 51 00:02:38,919 --> 00:02:40,919 Speaker 1: I'd argue on American. 52 00:02:41,520 --> 00:02:44,079 Speaker 4: Am I crazy? And the answer may well be yes, 53 00:02:44,160 --> 00:02:46,720 Speaker 4: So don't be afraid to say that. People out there like, yes, 54 00:02:46,800 --> 00:02:50,400 Speaker 4: you're crazy. It seems to me that we have never 55 00:02:50,560 --> 00:02:56,120 Speaker 4: had a more financially illiterate group of leaders, both Republicans 56 00:02:56,120 --> 00:02:59,760 Speaker 4: and Democrats, but in particular the Democrat Party has totally 57 00:03:00,080 --> 00:03:02,840 Speaker 4: lost its way when it comes to business. As a 58 00:03:02,880 --> 00:03:06,560 Speaker 4: guy who is focused primarily on business, do we have 59 00:03:06,960 --> 00:03:11,440 Speaker 4: good representatives from a financial perspective at all in your mind? 60 00:03:11,639 --> 00:03:14,680 Speaker 1: You know, it's a great question. And my answer is, 61 00:03:14,919 --> 00:03:17,079 Speaker 1: having now spent almost a year and a half going 62 00:03:17,120 --> 00:03:21,040 Speaker 1: to Congress and sometimes twice a month, it's a mixed bag. 63 00:03:21,280 --> 00:03:24,880 Speaker 1: And it's really about executional skills at the state level, 64 00:03:24,919 --> 00:03:28,480 Speaker 1: and where I look at states, I look at the governor. 65 00:03:28,560 --> 00:03:31,680 Speaker 1: You can consider the governor of state as the CEO. 66 00:03:31,960 --> 00:03:35,480 Speaker 1: A lot of the policy around what happens. So I've 67 00:03:35,520 --> 00:03:38,760 Speaker 1: stopped investing in states like New York, for example, or 68 00:03:38,840 --> 00:03:41,680 Speaker 1: Massachusetts or California. I don't put a diame in those places. 69 00:03:41,680 --> 00:03:44,360 Speaker 1: They're not open for business and their taxes are too high. 70 00:03:44,880 --> 00:03:52,240 Speaker 1: My new focus is on places like North Dakota, West Virginia, Oklahoma, Texas, Florida. 71 00:03:52,520 --> 00:03:54,480 Speaker 3: Those let's call. 72 00:03:54,320 --> 00:03:59,440 Speaker 1: The managers, governors, senators, whatever you want. They're executing towards 73 00:03:59,680 --> 00:04:02,600 Speaker 1: pro business, whether it be big or small, and they've 74 00:04:02,640 --> 00:04:05,680 Speaker 1: made it that. There's a very interesting dynamic occurred after 75 00:04:05,720 --> 00:04:10,200 Speaker 1: the pandemic. We have competition between states. Now, why would 76 00:04:10,200 --> 00:04:13,440 Speaker 1: you ever put money in Massachusetts where Elizabeth Warren wants 77 00:04:13,480 --> 00:04:16,720 Speaker 1: to take it from you if you're successful, or where 78 00:04:16,760 --> 00:04:20,400 Speaker 1: AOC make sure that no new jobs come to her jurisdiction. 79 00:04:20,880 --> 00:04:23,039 Speaker 1: Why would you even go there? Why fight with those people? 80 00:04:23,080 --> 00:04:25,080 Speaker 1: If they want to destroy their states, let them do that. 81 00:04:25,520 --> 00:04:28,520 Speaker 1: I'll take my money and go to where I welcomed, 82 00:04:28,800 --> 00:04:31,320 Speaker 1: where I can sit now with the Governor Bergham, who's 83 00:04:31,360 --> 00:04:33,200 Speaker 1: now running for president, and say what can we do 84 00:04:33,279 --> 00:04:35,919 Speaker 1: together here? What can we invest in? Same with Florida, 85 00:04:36,000 --> 00:04:39,560 Speaker 1: same with Texas. So I want to encourage people to 86 00:04:39,640 --> 00:04:43,480 Speaker 1: make economic decisions wisely and to make sure that the 87 00:04:43,520 --> 00:04:47,000 Speaker 1: people that vote for these individuals. And I'm not saying 88 00:04:47,000 --> 00:04:49,240 Speaker 1: Elizabeth Warren isn't a very successful politician. 89 00:04:49,360 --> 00:04:49,800 Speaker 3: She is. 90 00:04:50,360 --> 00:04:52,680 Speaker 1: I just hate her policies, and I think that's a 91 00:04:52,839 --> 00:04:55,080 Speaker 1: fair debate to have. I'm going to be going to 92 00:04:55,120 --> 00:04:59,240 Speaker 1: the legislature in Massachusetts in October. I do some work 93 00:04:59,279 --> 00:05:02,480 Speaker 1: at Harvard where teach you, you know, young entrepreneurs and engineers, 94 00:05:02,720 --> 00:05:04,240 Speaker 1: and I want to make sure that we can get 95 00:05:04,240 --> 00:05:07,120 Speaker 1: into a solid debate about good policy investcy. 96 00:05:07,800 --> 00:05:10,560 Speaker 2: If we could get you and some of their staffs 97 00:05:10,560 --> 00:05:13,560 Speaker 2: actually listen to the show, Kevin, we're speaking of Kevin o'liary, 98 00:05:13,640 --> 00:05:15,960 Speaker 2: mister wonderful of Shark Tank. For anybody who's joining us 99 00:05:15,960 --> 00:05:18,680 Speaker 2: in progress here, if we can get you to sit 100 00:05:18,720 --> 00:05:22,720 Speaker 2: down with all of the Republican candidates right now at once, 101 00:05:23,200 --> 00:05:26,640 Speaker 2: and you could give them one thing that you believe 102 00:05:26,839 --> 00:05:32,520 Speaker 2: would be most important, useful, powerful for helping small business 103 00:05:32,600 --> 00:05:35,000 Speaker 2: and really with it, just the broader economy. I mean, 104 00:05:35,000 --> 00:05:38,240 Speaker 2: if you could get one thing right in front of them. 105 00:05:38,279 --> 00:05:41,039 Speaker 2: So whether it's Trump or whomever, if they end up 106 00:05:41,080 --> 00:05:43,840 Speaker 2: beating Biden, they could pursue it. What would it be 107 00:05:44,720 --> 00:05:45,400 Speaker 2: Right now? 108 00:05:45,880 --> 00:05:50,039 Speaker 1: I see this trum. I'd call it imbalance between the 109 00:05:50,120 --> 00:05:53,280 Speaker 1: support that the SMP is getting the big companies in 110 00:05:53,320 --> 00:05:56,680 Speaker 1: America and what we're not doing for small business. And 111 00:05:56,720 --> 00:05:59,200 Speaker 1: so we have programs, we have two big ones right now, 112 00:05:59,200 --> 00:06:00,960 Speaker 1: and I want to be very specific about this, and 113 00:06:01,000 --> 00:06:05,080 Speaker 1: I've actually done this with both Republicans and Democrats. Set 114 00:06:05,120 --> 00:06:06,800 Speaker 1: them down. When I get to the hill and very 115 00:06:06,839 --> 00:06:09,160 Speaker 1: fourtthenth they'll take a meeting and their staff just as 116 00:06:09,200 --> 00:06:12,159 Speaker 1: importantly and say, okay, let me get this right. You 117 00:06:12,360 --> 00:06:15,320 Speaker 1: have authorized a trillion dollars for the S and P 118 00:06:15,440 --> 00:06:18,520 Speaker 1: five hundred and two specific acts, the Chips and Science Act, 119 00:06:18,560 --> 00:06:23,039 Speaker 1: and the Inflation Reduction Act, the IRA. Where in those bills, 120 00:06:23,040 --> 00:06:25,240 Speaker 1: because I've looked at them, you show me anywhere where 121 00:06:25,240 --> 00:06:29,280 Speaker 1: you're supporting small business, your own constituents, in your own geography, 122 00:06:30,040 --> 00:06:34,040 Speaker 1: that represents sixty percent of the jobs created in your state. 123 00:06:34,640 --> 00:06:38,359 Speaker 1: Where's the support for them? And there isn't a single 124 00:06:38,640 --> 00:06:41,640 Speaker 1: active act right now at a time when they need 125 00:06:41,680 --> 00:06:43,240 Speaker 1: it more than the big guys, the big guys have 126 00:06:43,279 --> 00:06:46,240 Speaker 1: no trouble raising money right now. The cost of capital 127 00:06:46,240 --> 00:06:49,560 Speaker 1: for small businesses four to five percent, all the way 128 00:06:49,640 --> 00:06:51,919 Speaker 1: up to eleven to seventeen percent in a matter of 129 00:06:51,960 --> 00:06:54,919 Speaker 1: eighteen months, and nobody cares about them. So the only 130 00:06:55,000 --> 00:06:57,400 Speaker 1: act I know that's active, and I know you guys 131 00:06:57,440 --> 00:07:00,600 Speaker 1: promote this quite a bit on your platform, the Employee 132 00:07:00,640 --> 00:07:01,440 Speaker 1: Retention Credit. 133 00:07:01,800 --> 00:07:02,680 Speaker 3: I also do that. 134 00:07:02,720 --> 00:07:05,400 Speaker 1: I've got a business called Wondertrust dot com and all 135 00:07:05,440 --> 00:07:08,599 Speaker 1: of my companies have applied for this and hundreds more. 136 00:07:08,960 --> 00:07:11,160 Speaker 1: And I go out of my way to say to 137 00:07:11,240 --> 00:07:14,200 Speaker 1: those senators and governors, you extend this act for me 138 00:07:14,320 --> 00:07:18,280 Speaker 1: for twenty four months for everybody in America that deserves 139 00:07:18,320 --> 00:07:21,440 Speaker 1: to get access to this capital that they actually paid into. 140 00:07:21,680 --> 00:07:25,000 Speaker 1: Because what's going on here is my companies and many 141 00:07:25,040 --> 00:07:27,840 Speaker 1: others millions more market during the pandemic in twenty twenty 142 00:07:27,880 --> 00:07:31,400 Speaker 1: twenty twenty one, we paid our employees. We paid them 143 00:07:31,440 --> 00:07:34,480 Speaker 1: even though they couldn't work, We kept them on payroll, 144 00:07:34,560 --> 00:07:37,880 Speaker 1: We invested in them, our businesses and America. And now 145 00:07:37,920 --> 00:07:41,240 Speaker 1: you give us nothing. I don't get it, and that 146 00:07:41,400 --> 00:07:44,320 Speaker 1: has not fallen on deaf years. I've even gone all 147 00:07:44,360 --> 00:07:47,400 Speaker 1: the Way to the Way Means Committee, and I've talked 148 00:07:47,440 --> 00:07:50,520 Speaker 1: to the chairman and said, think about this. You're going 149 00:07:50,600 --> 00:07:52,640 Speaker 1: to have to do something for these small guys when 150 00:07:52,680 --> 00:07:55,640 Speaker 1: things get worse in the months ahead. Meanwhile at the 151 00:07:55,720 --> 00:07:58,560 Speaker 1: farm you've made sure that everybody in the SMP is 152 00:07:58,720 --> 00:08:02,000 Speaker 1: just dripping with camps and nothing for the small guy. 153 00:08:02,400 --> 00:08:04,360 Speaker 1: Extend this act for twenty four months. 154 00:08:05,560 --> 00:08:08,200 Speaker 4: We've talked a lot on this program about red getting 155 00:08:08,280 --> 00:08:11,840 Speaker 4: redder and blue getting bluer. You just kind of hinted 156 00:08:11,880 --> 00:08:14,920 Speaker 4: at this about the importance of federalism. The governor, the 157 00:08:15,000 --> 00:08:18,160 Speaker 4: CEO of a state. I don't know what state your 158 00:08:18,240 --> 00:08:20,840 Speaker 4: home base is in now you can maybe tell people, 159 00:08:20,840 --> 00:08:23,920 Speaker 4: because I'd be curious. But if you were advising someone 160 00:08:24,040 --> 00:08:26,440 Speaker 4: young today and they were saying, Hey, I'm thinking about 161 00:08:26,440 --> 00:08:29,320 Speaker 4: starting a small business, and I could base that small 162 00:08:29,360 --> 00:08:33,040 Speaker 4: business anywhere in the country, where would you tell them 163 00:08:33,080 --> 00:08:36,240 Speaker 4: it would make sense to go, And how much of 164 00:08:36,320 --> 00:08:39,440 Speaker 4: that I feel fortunate bucks now in Florida. I'm in Tennessee. 165 00:08:39,480 --> 00:08:41,880 Speaker 4: We have no state income tax. The idea that I 166 00:08:41,880 --> 00:08:44,600 Speaker 4: would pay fourteen or fifteen percent of my hard earned 167 00:08:44,800 --> 00:08:47,520 Speaker 4: income to the state of New York, or to California 168 00:08:47,640 --> 00:08:49,880 Speaker 4: or to any other state is crazy to me, but 169 00:08:49,960 --> 00:08:51,840 Speaker 4: I'm curious. We get a lot of questions Buck and 170 00:08:51,880 --> 00:08:53,959 Speaker 4: I do. Hey, let's say you're twenty years old and 171 00:08:53,960 --> 00:08:57,160 Speaker 4: you're about to graduate from college and you're interested, or 172 00:08:57,200 --> 00:09:00,440 Speaker 4: you're just twenty years old and you've got an entrepreneurship bug. 173 00:09:00,720 --> 00:09:03,160 Speaker 4: Where would you tell them if they could go anywhere 174 00:09:03,200 --> 00:09:06,079 Speaker 4: in the country that you see the most dynamic business 175 00:09:06,160 --> 00:09:09,040 Speaker 4: environments that they should consider founding a company. 176 00:09:09,200 --> 00:09:12,560 Speaker 1: Well, I mean, you know that's you've hit the nail 177 00:09:12,600 --> 00:09:16,800 Speaker 1: on the head. There's a reason Nashville has exploded over 178 00:09:16,840 --> 00:09:19,880 Speaker 1: the last eighteen years. There's very few cities growing as 179 00:09:19,880 --> 00:09:23,960 Speaker 1: fast as Nashville. Why a well managed state with no 180 00:09:24,120 --> 00:09:27,480 Speaker 1: state tax. The same things happening in Florida, The same 181 00:09:27,520 --> 00:09:30,160 Speaker 1: things happening in Texas. The same thing is happening in 182 00:09:30,200 --> 00:09:32,640 Speaker 1: North Dakota. They just lowered their state tax. It's not 183 00:09:32,760 --> 00:09:35,679 Speaker 1: zero yet, but they're on their way there. Every state 184 00:09:35,760 --> 00:09:38,880 Speaker 1: that I look at that has moved towards pro business 185 00:09:38,920 --> 00:09:41,880 Speaker 1: and lower state tax is growing. So if you're starting 186 00:09:41,920 --> 00:09:44,920 Speaker 1: a business, and I advise all of my young entrepreneurs, look, 187 00:09:45,640 --> 00:09:49,360 Speaker 1: you can run a business today from anywhere, because forty 188 00:09:49,400 --> 00:09:51,360 Speaker 1: percent of your employees are not going to work in 189 00:09:51,400 --> 00:09:54,880 Speaker 1: your headquarters. That's post pandemic. That's what's occurred. That's our 190 00:09:54,920 --> 00:09:58,680 Speaker 1: new economy America two point zero digital. And that means, 191 00:09:59,040 --> 00:10:01,240 Speaker 1: don't stick it in a place where they hate you, 192 00:10:01,320 --> 00:10:04,280 Speaker 1: where they put regulation on you, where they overtax you, 193 00:10:04,320 --> 00:10:06,600 Speaker 1: and they don't want you to start a business, they 194 00:10:06,600 --> 00:10:10,320 Speaker 1: don't want any jobs. Don't put it anywhere near AOC 195 00:10:10,520 --> 00:10:12,720 Speaker 1: for example. And why would you ever do it in 196 00:10:12,760 --> 00:10:16,679 Speaker 1: Massachusetts where Elizabeth ware wants to tax you if you're successful. 197 00:10:17,000 --> 00:10:19,960 Speaker 1: What built this country and makes it great is entrepreneurs, 198 00:10:20,000 --> 00:10:22,720 Speaker 1: and that's who apploys sixty percent of the people. We 199 00:10:22,920 --> 00:10:27,040 Speaker 1: now have this fantastic dynamic of states competing with each other. 200 00:10:27,600 --> 00:10:32,080 Speaker 1: Reward the good managers, the good governors, the senators with 201 00:10:32,120 --> 00:10:35,319 Speaker 1: your vote and your business, and make sure that you're 202 00:10:35,440 --> 00:10:38,680 Speaker 1: punitive to ones that are not pro business, and let's 203 00:10:38,679 --> 00:10:40,800 Speaker 1: hope they get voted out of power because they are 204 00:10:40,840 --> 00:10:44,800 Speaker 1: not doing their job and not carrying forward the American dream. 205 00:10:45,160 --> 00:10:48,640 Speaker 1: Anytime you tax someone into oblivion and you just take 206 00:10:48,679 --> 00:10:53,240 Speaker 1: the government and overregulate rules, you are forcing those businesses 207 00:10:53,640 --> 00:10:57,200 Speaker 1: to do the right thing. And that's simply move that's 208 00:10:57,200 --> 00:10:58,280 Speaker 1: how it works. 209 00:10:58,880 --> 00:11:03,040 Speaker 2: Kevin, How worried are you about a major downturn in 210 00:11:03,040 --> 00:11:06,400 Speaker 2: the economy over the next call it year or so. 211 00:11:06,720 --> 00:11:09,000 Speaker 2: I mean, we've been told for many months. I used 212 00:11:09,040 --> 00:11:13,320 Speaker 2: to see the Goldman Sachs projection, oh sixty percent likelihood 213 00:11:13,360 --> 00:11:16,520 Speaker 2: of our recession in the next quarter whatever. Going back 214 00:11:16,559 --> 00:11:20,640 Speaker 2: now for a while under the Biden administration's tenure, are 215 00:11:21,120 --> 00:11:23,560 Speaker 2: do you feel like we're out of the woods or 216 00:11:23,679 --> 00:11:26,160 Speaker 2: are we still just hoping and praying? 217 00:11:27,440 --> 00:11:31,240 Speaker 1: You know? That's that is the question for every investor 218 00:11:31,240 --> 00:11:34,440 Speaker 1: in America trying to figure out this extraordinary situation we're in. 219 00:11:34,520 --> 00:11:36,200 Speaker 1: I mean, let's just take stalk of what we know. 220 00:11:37,200 --> 00:11:40,400 Speaker 1: We know that we have had the fastest rate high 221 00:11:40,480 --> 00:11:43,800 Speaker 1: cycle in almost history. It's very rare that we've gone 222 00:11:43,840 --> 00:11:46,520 Speaker 1: from basically zero to five percent in a matter of months. 223 00:11:46,520 --> 00:11:49,080 Speaker 1: That never happens. And of five and a half percent, 224 00:11:50,120 --> 00:11:52,719 Speaker 1: we also know, and this is extraordinary and I've never 225 00:11:52,760 --> 00:11:55,840 Speaker 1: seen it before, we're still at full employment. Anything under 226 00:11:55,880 --> 00:11:59,199 Speaker 1: four percent unemployment is full employment. So not only is 227 00:11:59,240 --> 00:12:01,120 Speaker 1: your cost of have gone through the roof, but you 228 00:12:01,160 --> 00:12:03,880 Speaker 1: still can't hire anybody to work in your business. And 229 00:12:03,960 --> 00:12:06,199 Speaker 1: at the same time, we have the trillion dollars of 230 00:12:06,240 --> 00:12:08,840 Speaker 1: free helicopter money coming in these two acts I talked 231 00:12:08,880 --> 00:12:12,640 Speaker 1: about the IRA and the CHIPSAC and so this is 232 00:12:12,679 --> 00:12:16,240 Speaker 1: a really strange force. We have inflation going up, and 233 00:12:16,320 --> 00:12:21,240 Speaker 1: yet we're still printing money like a South American dictatorship. 234 00:12:21,280 --> 00:12:24,480 Speaker 1: I mean, it's just unbelievable what's going on here. We 235 00:12:24,559 --> 00:12:27,800 Speaker 1: actually don't need all this money at this point, but 236 00:12:27,880 --> 00:12:30,440 Speaker 1: we're trying to do some things. And you can blame 237 00:12:30,559 --> 00:12:33,319 Speaker 1: any administration because they're always trying to figure out ways 238 00:12:33,360 --> 00:12:36,720 Speaker 1: to print money and get votes. I get that, But 239 00:12:37,000 --> 00:12:41,320 Speaker 1: this situation now is an extraordinary one because we've got 240 00:12:41,320 --> 00:12:44,040 Speaker 1: a lot of pressure points. So when people tell me, well, 241 00:12:44,120 --> 00:12:47,640 Speaker 1: you know, there's a sixty percent chance of a recession 242 00:12:47,720 --> 00:12:51,120 Speaker 1: in the next six months, they have no idea what's 243 00:12:51,160 --> 00:12:54,600 Speaker 1: going to happen. Nobody does. And so when we're planning 244 00:12:54,720 --> 00:12:58,199 Speaker 1: in our businesses, which we do each week, we plan 245 00:12:58,320 --> 00:13:01,199 Speaker 1: for every outcome right now, like a soft landing. But 246 00:13:01,280 --> 00:13:03,599 Speaker 1: nobody knows that with certainty. So you've really got to 247 00:13:03,600 --> 00:13:05,440 Speaker 1: conserve your cash. You've got to make sure that you 248 00:13:05,480 --> 00:13:08,199 Speaker 1: have access to capital for inventory, and you've got to 249 00:13:08,280 --> 00:13:10,120 Speaker 1: keep an eye on your receivables and run your business 250 00:13:10,200 --> 00:13:13,440 Speaker 1: is a good manager, same for a state, same idea 251 00:13:13,520 --> 00:13:16,200 Speaker 1: for the country. And so we're at an inflection point 252 00:13:16,200 --> 00:13:20,240 Speaker 1: where rather a remarkable presidential cycle coming up here for 253 00:13:20,280 --> 00:13:22,520 Speaker 1: a million different reasons, and you guys have talked about 254 00:13:22,559 --> 00:13:25,480 Speaker 1: it quite a bit. But at the end of the day, 255 00:13:25,520 --> 00:13:27,800 Speaker 1: what you're voting for, and I don't care what part 256 00:13:27,800 --> 00:13:31,960 Speaker 1: of you're with, vote for good policy. What drives America 257 00:13:32,040 --> 00:13:34,840 Speaker 1: is good policy. I've never made money in politics. I 258 00:13:34,920 --> 00:13:39,240 Speaker 1: make money in good policy, and capital and money, domestic 259 00:13:39,280 --> 00:13:42,319 Speaker 1: and international, falls a path of least resistance. You want 260 00:13:42,360 --> 00:13:46,120 Speaker 1: to make America, America and American business the least resistive. 261 00:13:46,480 --> 00:13:48,880 Speaker 1: You want everybody to invest their money here. 262 00:13:49,880 --> 00:13:54,319 Speaker 4: Quickly, last question for you, what's the best investment you've 263 00:13:54,320 --> 00:13:55,439 Speaker 4: ever made in your life? 264 00:13:55,640 --> 00:13:58,920 Speaker 3: What is the one that you regret not investing in? 265 00:13:59,080 --> 00:14:01,480 Speaker 4: Because people think a lot about the successes, but I'm 266 00:14:01,480 --> 00:14:03,760 Speaker 4: also curious what you passed on and you're like, oh, 267 00:14:03,840 --> 00:14:04,439 Speaker 4: I was an idiot. 268 00:14:04,480 --> 00:14:06,440 Speaker 3: I should have one hundred percent gone all in on that. 269 00:14:06,679 --> 00:14:09,320 Speaker 1: Yeah, that's that's a good one. Let me tell you 270 00:14:09,320 --> 00:14:11,200 Speaker 1: what I've learned. And this goes back to Shark Tank. 271 00:14:11,200 --> 00:14:13,920 Speaker 1: I've been doing Shark Tank for fifteen years, I've seen 272 00:14:14,040 --> 00:14:16,960 Speaker 1: thousands of pitches. I've looked at thousands of deals, and 273 00:14:17,040 --> 00:14:21,160 Speaker 1: each year, I do you know, fifteen seventeen, twenty deals, 274 00:14:21,200 --> 00:14:23,400 Speaker 1: whatever it is, And I'm pretty sure when I'm making them, 275 00:14:23,440 --> 00:14:25,560 Speaker 1: i know what I'm doing, and I'm saying to myself, 276 00:14:25,600 --> 00:14:27,320 Speaker 1: that's going to be a winner. That's going to be 277 00:14:27,360 --> 00:14:30,880 Speaker 1: a winner. You basically think you know. The truth is 278 00:14:30,920 --> 00:14:34,720 Speaker 1: you have no idea. What happens three, four or five 279 00:14:34,800 --> 00:14:37,120 Speaker 1: years later is the ones that you thought were dogs 280 00:14:37,280 --> 00:14:39,760 Speaker 1: end up being monster hits. I'll give you an example 281 00:14:39,800 --> 00:14:42,160 Speaker 1: when I just had a huge liquidity event in this 282 00:14:42,200 --> 00:14:44,840 Speaker 1: woman comes on three years ago. Anna Sky was her 283 00:14:44,920 --> 00:14:48,200 Speaker 1: name Skaya, Anna Skaya, and she had a company called 284 00:14:48,320 --> 00:14:51,600 Speaker 1: bass Pause. You take a swab, you stick it in 285 00:14:51,640 --> 00:14:53,720 Speaker 1: a cat where the sun doesn't shine. You send it 286 00:14:53,800 --> 00:14:57,680 Speaker 1: into the lab and she tells you your cat DNA 287 00:14:58,360 --> 00:15:01,040 Speaker 1: and it can help the cat have a longer life. 288 00:15:01,080 --> 00:15:02,360 Speaker 1: And I said to her, what are you out of 289 00:15:02,360 --> 00:15:05,280 Speaker 1: your friggin mind. I can buy you're this is twenty 290 00:15:05,360 --> 00:15:07,080 Speaker 1: nine ninety five. I can buy a new cat for 291 00:15:07,160 --> 00:15:10,440 Speaker 1: five bucks. A lot of cat people didn't like that comment. 292 00:15:10,480 --> 00:15:15,280 Speaker 2: In America, I invest my wife cat, I get it. 293 00:15:15,480 --> 00:15:16,000 Speaker 3: I don't you know. 294 00:15:16,000 --> 00:15:19,680 Speaker 1: Anyways, what happened was she said she was so compelling, 295 00:15:19,760 --> 00:15:23,320 Speaker 1: such a great entrepreneur, such a really driving force on 296 00:15:23,360 --> 00:15:25,640 Speaker 1: that set. No one wanted to invest in her, and they 297 00:15:25,640 --> 00:15:27,160 Speaker 1: thought the whole idea was stupid. 298 00:15:27,560 --> 00:15:28,480 Speaker 3: I gave her the dough. 299 00:15:29,240 --> 00:15:31,760 Speaker 1: Three years later, she sells the business to one of 300 00:15:31,800 --> 00:15:36,760 Speaker 1: the largest pet divisions of a giant pharmaceutical company for 301 00:15:36,880 --> 00:15:39,800 Speaker 1: over fifty million cash. It was one of my best 302 00:15:39,840 --> 00:15:43,200 Speaker 1: outcomes ever. And I thought, that gives you an example. 303 00:15:43,240 --> 00:15:47,320 Speaker 1: You just have no idea. It's serendipitous luck sometimes. So 304 00:15:47,400 --> 00:15:49,760 Speaker 1: I do a lot of deals, and you know I've 305 00:15:49,760 --> 00:15:52,400 Speaker 1: been working with let me give example Barbara for example. 306 00:15:52,440 --> 00:15:54,560 Speaker 1: She doesn't even look at the numbers, looks at it. 307 00:15:54,600 --> 00:15:55,280 Speaker 1: So I like the guy. 308 00:15:55,320 --> 00:15:55,840 Speaker 3: I like the gal. 309 00:15:55,840 --> 00:15:57,960 Speaker 1: I'm going to invest in him. And by the way, 310 00:15:58,000 --> 00:16:00,920 Speaker 1: the only reason Barbara gets to ARCT take every years, 311 00:16:00,960 --> 00:16:03,080 Speaker 1: I buyer a new broom. 312 00:16:04,920 --> 00:16:08,160 Speaker 3: Kevin O'Leary, everybody, mister wonderful. That's a great line we 313 00:16:08,240 --> 00:16:09,320 Speaker 3: got with that website. 314 00:16:10,280 --> 00:16:13,400 Speaker 1: It's wonder trust dot com. And I've got a team 315 00:16:13,440 --> 00:16:15,240 Speaker 1: of people I've been doing this with all my companies 316 00:16:15,240 --> 00:16:19,520 Speaker 1: that will figure out whether you do actually and are 317 00:16:19,560 --> 00:16:22,160 Speaker 1: eligible for the ERC the Employee Retention Credit up to 318 00:16:22,200 --> 00:16:25,120 Speaker 1: twenty six dollars per employee. I work very hard at this. 319 00:16:25,920 --> 00:16:27,640 Speaker 2: I want hey, thanks for being all this. We were 320 00:16:27,640 --> 00:16:29,920 Speaker 2: about to hit a break. Mister wonderful Kevin O'Leary, thank 321 00:16:29,960 --> 00:16:30,440 Speaker 2: you so much. 322 00:16:30,560 --> 00:16:34,160 Speaker 4: Take Care Innovation Refunds the company helping so many small 323 00:16:34,200 --> 00:16:37,920 Speaker 4: businesses get a tax refund through the Employee Retention Credit. 324 00:16:37,960 --> 00:16:41,480 Speaker 4: You just heard mister wonderful talking about it. Tax refund 325 00:16:41,480 --> 00:16:46,160 Speaker 4: for businesses that kept employees on payroll for parts of. 326 00:16:46,040 --> 00:16:48,480 Speaker 3: Twenty twenty and twenty twenty one. You can get hooked up. 327 00:16:48,720 --> 00:16:51,920 Speaker 4: Go to Innovation Refunds dot com to see if you qualify. 328 00:16:52,040 --> 00:16:55,240 Speaker 4: No upfront charges. They don't get paid unless you get paid. 329 00:16:55,240 --> 00:16:57,600 Speaker 4: It doesn't cost you a dime. Callum if it's easier. 330 00:16:57,720 --> 00:17:01,880 Speaker 4: One eight four three refunds one eight four three refunds 331 00:17:01,920 --> 00:17:06,879 Speaker 4: Innovation Refunds dot Com. One truth revealed after another Clay 332 00:17:07,000 --> 00:17:10,600 Speaker 4: Travis and buck Sexton walk about in Clay Travis buck 333 00:17:10,680 --> 00:17:11,440 Speaker 4: Sexton Show. 334 00:17:11,480 --> 00:17:13,400 Speaker 3: We got a big story that. 335 00:17:13,440 --> 00:17:17,560 Speaker 4: Popped that what was interesting and it continues sort of 336 00:17:17,560 --> 00:17:21,760 Speaker 4: this battleground of what kids can and cannot say and 337 00:17:21,800 --> 00:17:24,960 Speaker 4: what they're being taught in public schools, and it dealt 338 00:17:25,000 --> 00:17:28,840 Speaker 4: with the Gadsden flag, which is a revolutionary era flag 339 00:17:29,400 --> 00:17:32,280 Speaker 4: that has to do with it has a rattlesnake says. 340 00:17:32,040 --> 00:17:33,000 Speaker 3: Don't tread on me. 341 00:17:33,640 --> 00:17:36,159 Speaker 4: We're gonna talk about the history of that and what 342 00:17:36,400 --> 00:17:40,560 Speaker 4: happened when a school district tried to ban it by 343 00:17:40,600 --> 00:17:44,480 Speaker 4: saying it was in some way an endorsement of slavery. 344 00:17:45,080 --> 00:17:47,959 Speaker 4: I think you guys are going to enjoy that discussion 345 00:17:48,520 --> 00:17:52,560 Speaker 4: that we're gonna have. And also Harriet Tubman's statue in Philadelphia, 346 00:17:52,560 --> 00:17:57,000 Speaker 4: Buck white guy not allowed to make it because only 347 00:17:57,000 --> 00:18:00,800 Speaker 4: a black person evidently can do a statue of Harriet Tubman. 348 00:18:00,840 --> 00:18:03,480 Speaker 4: We will dive into both of those. We want to 349 00:18:03,520 --> 00:18:06,760 Speaker 4: tell you history. Both of these directly connected to it. 350 00:18:07,280 --> 00:18:10,160 Speaker 4: Really important kind of matters where your kids are being 351 00:18:10,200 --> 00:18:12,679 Speaker 4: taught and what they are being taught. And that's why 352 00:18:12,720 --> 00:18:16,040 Speaker 4: our friends at Hillsdale College matter so much and do 353 00:18:16,240 --> 00:18:20,280 Speaker 4: such an incredible job. College kids back on campus right now, 354 00:18:20,440 --> 00:18:24,800 Speaker 4: and Hillsdale College is delivering on teaching the Constitution and 355 00:18:24,840 --> 00:18:27,880 Speaker 4: the enduring words that deliver our freedoms. They've been explaining 356 00:18:27,920 --> 00:18:31,160 Speaker 4: and defending our freedoms since the eighteen forties. They're still 357 00:18:31,200 --> 00:18:33,960 Speaker 4: at it these days. In addition to teaching college kids, 358 00:18:34,200 --> 00:18:39,080 Speaker 4: Hillsdale has a K to twelve lifelong learning system that 359 00:18:39,119 --> 00:18:41,720 Speaker 4: they're sharing as well. If you're not doing so already, 360 00:18:42,000 --> 00:18:44,679 Speaker 4: one of the best ways go get signed up for Imprimus, 361 00:18:44,800 --> 00:18:48,600 Speaker 4: Hillsdale's digestive liberty. You can get it for free at 362 00:18:48,640 --> 00:18:53,399 Speaker 4: clayanbuckfo Hillsdale dot com. You will love Imprimus featuring the 363 00:18:53,440 --> 00:18:58,320 Speaker 4: best and smartest and conservative constitutional thought. Clayanbuck for Hillsdale 364 00:18:58,359 --> 00:19:03,440 Speaker 4: dot com. Welcome back in Clay Travis buck Sexton Show. 365 00:19:03,480 --> 00:19:07,320 Speaker 4: Appreciate all of you hanging out with us. It's a 366 00:19:07,320 --> 00:19:10,159 Speaker 4: couple of updates. It appears, and we know many of 367 00:19:10,160 --> 00:19:12,520 Speaker 4: you in the state of Florida are listening to us, 368 00:19:12,760 --> 00:19:15,760 Speaker 4: and you may be listening to us on your car 369 00:19:15,840 --> 00:19:19,960 Speaker 4: phone or on a battery operated sorry, a car radio 370 00:19:20,200 --> 00:19:23,520 Speaker 4: or a battery operated radio, as there have been a 371 00:19:23,560 --> 00:19:27,159 Speaker 4: lot of people lose power. It appears most of the 372 00:19:27,240 --> 00:19:31,439 Speaker 4: hurricane has now passed through much of Florida and is 373 00:19:31,520 --> 00:19:34,760 Speaker 4: now into Georgia, and we'll soon be in the Carolina. 374 00:19:34,880 --> 00:19:37,399 Speaker 4: So we know we have people listening all throughout the 375 00:19:37,440 --> 00:19:40,159 Speaker 4: pathway of that storm, and we'll continue to update you 376 00:19:40,240 --> 00:19:43,680 Speaker 4: on that to the best of our ability. A little 377 00:19:43,680 --> 00:19:48,240 Speaker 4: bit of breaking news. The next Republican Debate, which is 378 00:19:48,280 --> 00:19:51,399 Speaker 4: taking place at the end of September, going to be 379 00:19:51,560 --> 00:19:55,440 Speaker 4: moderated by Dana Perino and Stuart Varney. 380 00:19:55,560 --> 00:19:57,440 Speaker 3: It will air on Fox Business. 381 00:19:57,720 --> 00:20:01,480 Speaker 4: It appears the third Republican Debate will now take place 382 00:20:01,480 --> 00:20:06,040 Speaker 4: in Tuscolosa, Alabama, on the University of Alabama campus. And 383 00:20:07,680 --> 00:20:11,320 Speaker 4: the other bit of news that is out there is 384 00:20:11,640 --> 00:20:15,000 Speaker 4: what we were just teasing you about as we went 385 00:20:15,040 --> 00:20:19,080 Speaker 4: to break, which is this Gadsden flag controversy that has 386 00:20:19,160 --> 00:20:23,119 Speaker 4: blown up in the Colorado Springs area, I believe of 387 00:20:23,480 --> 00:20:27,119 Speaker 4: the state of Colorado. A kid went to school with 388 00:20:27,240 --> 00:20:32,159 Speaker 4: a Gadsden flag patch on his backpack and he was 389 00:20:32,200 --> 00:20:36,240 Speaker 4: told he was not allowed to have that patch on 390 00:20:36,359 --> 00:20:39,400 Speaker 4: his bag at school. He was lectured by his teachers. 391 00:20:39,400 --> 00:20:42,280 Speaker 4: He was told it was in some way connected to slavery. 392 00:20:42,640 --> 00:20:45,720 Speaker 4: Buck I would just start here. Now the school district 393 00:20:45,760 --> 00:20:48,640 Speaker 4: has backed down. They have acknowledged that this is actually 394 00:20:49,040 --> 00:20:52,199 Speaker 4: a flag made famous during the Revolutionary. 395 00:20:51,480 --> 00:20:54,400 Speaker 3: War which threatened Britain. 396 00:20:54,760 --> 00:20:57,919 Speaker 4: Hey, if you effectively try to take away our rights, 397 00:20:57,920 --> 00:21:00,760 Speaker 4: it has a rattlesnake on it. We will essential bite 398 00:21:00,840 --> 00:21:04,320 Speaker 4: back that don't tread on me flag. It has nothing 399 00:21:04,359 --> 00:21:07,520 Speaker 4: to do with slavery. But I would just start here, Buck, 400 00:21:08,000 --> 00:21:11,639 Speaker 4: if this kid had gone and had a rainbow flag 401 00:21:12,119 --> 00:21:15,040 Speaker 4: on his backpack at school, do you think there's any 402 00:21:15,040 --> 00:21:18,920 Speaker 4: way this Colorado school district would have ever said to him, 403 00:21:19,400 --> 00:21:22,920 Speaker 4: you can't have that badge on your backpack and you're 404 00:21:22,920 --> 00:21:24,040 Speaker 4: not allowed to be in school. 405 00:21:25,400 --> 00:21:25,600 Speaker 3: No. 406 00:21:25,680 --> 00:21:29,120 Speaker 2: I mean, the politics of this are are very apparent 407 00:21:29,320 --> 00:21:33,440 Speaker 2: right away, and I think, Clay. 408 00:21:33,240 --> 00:21:35,359 Speaker 3: You know what, my man, You're gonna just take over 409 00:21:35,480 --> 00:21:38,520 Speaker 3: because the fire alarm in my building is going off. Everybody, 410 00:21:38,560 --> 00:21:40,080 Speaker 3: I gotta step outside for a minute. 411 00:21:41,280 --> 00:21:44,840 Speaker 4: You can if you just heard that Buck in his Miami, 412 00:21:45,760 --> 00:21:49,639 Speaker 4: Miami place, there now is a fire alarm going off. 413 00:21:49,960 --> 00:21:53,080 Speaker 4: I think he's fine, Like everybody's gonna be fine, but 414 00:21:53,520 --> 00:21:55,800 Speaker 4: he'll be back. Maybe join us at the last segment 415 00:21:55,800 --> 00:21:58,200 Speaker 4: here if that alarm stops going off in the background. 416 00:21:59,080 --> 00:22:02,160 Speaker 3: But I do think this is very. 417 00:22:02,000 --> 00:22:06,399 Speaker 4: Emblematic of the world in which we live today, where 418 00:22:07,040 --> 00:22:11,880 Speaker 4: certain political speech is not only allowed, it's embraced. And 419 00:22:11,960 --> 00:22:16,120 Speaker 4: so if this kid on his backpack had been walking 420 00:22:16,160 --> 00:22:19,360 Speaker 4: in with a gay pride flag, or if he had 421 00:22:19,359 --> 00:22:24,399 Speaker 4: had for instance, a BLM logo on his backpack. No 422 00:22:24,480 --> 00:22:28,120 Speaker 4: one would have said to him, Hey, you can't have 423 00:22:28,240 --> 00:22:33,679 Speaker 4: that political statement on your backpack. You aren't allowed kid 424 00:22:34,000 --> 00:22:36,640 Speaker 4: to be able to come to school with that insignia. 425 00:22:37,000 --> 00:22:41,679 Speaker 4: This is unacceptable. You are in some way in violation 426 00:22:42,000 --> 00:22:44,719 Speaker 4: of the school district. And in fact, if that had 427 00:22:44,760 --> 00:22:47,760 Speaker 4: ever happened, it would have been on CNN's Leads story, 428 00:22:47,920 --> 00:22:51,760 Speaker 4: MSNBC would have been all over it, and the school 429 00:22:51,840 --> 00:22:56,199 Speaker 4: district would have been forced to apologize. I give credit 430 00:22:56,240 --> 00:22:59,199 Speaker 4: to this kid for actually knowing history. There is a 431 00:22:59,359 --> 00:23:02,720 Speaker 4: massive lack of historical knowledge in this country today and 432 00:23:02,720 --> 00:23:06,840 Speaker 4: I think, frankly it's being exploited by Democrats to try 433 00:23:06,880 --> 00:23:10,080 Speaker 4: to sell the idea through the sixteen nineteen project and 434 00:23:10,160 --> 00:23:15,560 Speaker 4: many other also connected to that, aspects of our history, 435 00:23:16,000 --> 00:23:19,399 Speaker 4: this idea that America is an awful racist place and 436 00:23:19,520 --> 00:23:23,639 Speaker 4: as a result, nothing that was created by our founders 437 00:23:24,040 --> 00:23:27,600 Speaker 4: can be justified. That's really what this is about. And 438 00:23:27,680 --> 00:23:30,520 Speaker 4: make no mistake, I think trying to police this kid 439 00:23:30,560 --> 00:23:35,399 Speaker 4: from having the Gadsden flag, pulling down monuments, tearing down 440 00:23:35,720 --> 00:23:39,880 Speaker 4: historical records, that's what this is all about. The idea 441 00:23:40,200 --> 00:23:45,080 Speaker 4: is to delegitimize the foundational documents of the United States, 442 00:23:45,119 --> 00:23:47,800 Speaker 4: because if you do that, then why does anybody have 443 00:23:47,840 --> 00:23:51,080 Speaker 4: to care what's said in the Constitution. Why does anybody 444 00:23:51,119 --> 00:23:57,000 Speaker 4: have to care about any aspect of our nation's founding documents. 445 00:23:56,480 --> 00:24:01,119 Speaker 3: If the people who were involved in creating those founding documents. 446 00:24:00,760 --> 00:24:06,280 Speaker 4: Were awful, hypocritical slave owners who didn't understand basic human rights, 447 00:24:06,320 --> 00:24:09,280 Speaker 4: and therefore everything that they tried to bring to bear 448 00:24:09,480 --> 00:24:13,840 Speaker 4: in this country is not rooted in pursuit of justice 449 00:24:14,280 --> 00:24:18,720 Speaker 4: and the last best hope of free government in the world. 450 00:24:19,119 --> 00:24:23,160 Speaker 4: It's actually just a collection of awful racists who bear 451 00:24:23,760 --> 00:24:27,080 Speaker 4: no semblance of connection to this country today, and therefore 452 00:24:27,080 --> 00:24:28,960 Speaker 4: we don't have to be bound by any ideas they 453 00:24:29,040 --> 00:24:31,920 Speaker 4: put out. That's what they're trying to do, that's the essence. 454 00:24:31,960 --> 00:24:34,920 Speaker 4: That's why they're trying to tear down all the statues. 455 00:24:34,920 --> 00:24:36,760 Speaker 4: And that's one of the things that I think Trump 456 00:24:36,800 --> 00:24:40,960 Speaker 4: got one hundred percent right, because while Joe Biden told 457 00:24:41,000 --> 00:24:43,480 Speaker 4: the fundamental lie that the reason he ran for president 458 00:24:43,680 --> 00:24:47,760 Speaker 4: was because of Donald Trump's response to Charlottesville, Trump's response 459 00:24:47,800 --> 00:24:50,399 Speaker 4: to Charlottesville was actually one hundred percent correct. You go 460 00:24:50,440 --> 00:24:52,480 Speaker 4: back and look at the transcript of everything he said. 461 00:24:52,920 --> 00:24:58,160 Speaker 4: Trump said, they're not going to stop with tearing down 462 00:24:58,240 --> 00:25:01,640 Speaker 4: statues of Robert E. Lee and Stonewall Jackson and everybody 463 00:25:01,640 --> 00:25:05,240 Speaker 4: else who was connected to the Civil War. To these 464 00:25:05,280 --> 00:25:09,439 Speaker 4: Confederate generals, They're going to take the next step, and 465 00:25:09,480 --> 00:25:11,800 Speaker 4: they are then, as you well saw happen, They're then 466 00:25:11,840 --> 00:25:14,119 Speaker 4: going to say, oh, Abraham Lincoln's unacceptable. What did they 467 00:25:14,119 --> 00:25:16,479 Speaker 4: do in San Francisco? They tried to rename every school 468 00:25:16,800 --> 00:25:18,400 Speaker 4: that had a white guy on it. They tore down 469 00:25:18,400 --> 00:25:21,359 Speaker 4: statues of Ulysses S. Grant, who actually fought against the 470 00:25:21,400 --> 00:25:27,520 Speaker 4: Confederate generals. Because in an absence of historical knowledge, you 471 00:25:27,680 --> 00:25:31,080 Speaker 4: can convince people that anything is the truth, and there 472 00:25:31,160 --> 00:25:34,680 Speaker 4: is no precedent and there is no foundation. And if 473 00:25:34,680 --> 00:25:39,119 Speaker 4: you're constantly shifting what is allowed to be celebrated in 474 00:25:39,160 --> 00:25:44,600 Speaker 4: this country, then ultimately you create no foundational historical agreement. 475 00:25:44,840 --> 00:25:46,679 Speaker 4: And I say, this is a history nerd. Buck's a 476 00:25:46,720 --> 00:25:49,480 Speaker 4: history nerd too. We both have spent much of our 477 00:25:49,520 --> 00:25:54,119 Speaker 4: life studying history. And that's why I have ultimately a 478 00:25:54,119 --> 00:25:57,000 Speaker 4: lot of faith that we're going to end up in 479 00:25:57,080 --> 00:26:01,119 Speaker 4: a better place than we are right now. Because ultimately 480 00:26:01,400 --> 00:26:05,760 Speaker 4: I believe that we are going to come through this 481 00:26:05,920 --> 00:26:08,439 Speaker 4: difficulty and end up in a better place than we 482 00:26:08,520 --> 00:26:12,560 Speaker 4: are right now. And I think that's why it's so 483 00:26:12,760 --> 00:26:17,960 Speaker 4: important for everybody out there to have this historical knowledge 484 00:26:17,960 --> 00:26:20,080 Speaker 4: and understand that when they attack, you might say, why 485 00:26:20,080 --> 00:26:22,240 Speaker 4: do you care about a kid who's going to school 486 00:26:22,280 --> 00:26:24,600 Speaker 4: in Colorado State and what the school district says he 487 00:26:24,680 --> 00:26:27,640 Speaker 4: can and cannot do? Because this is emblematic of what's 488 00:26:27,640 --> 00:26:31,560 Speaker 4: happening all over the country and they will do this 489 00:26:32,040 --> 00:26:35,320 Speaker 4: to anyone if they have the ability. 490 00:26:35,000 --> 00:26:35,520 Speaker 3: To do so. 491 00:26:36,280 --> 00:26:40,640 Speaker 4: And so this is a big part of what is 492 00:26:40,720 --> 00:26:44,280 Speaker 4: actually taking place. All Right, we'll see if bucks fire 493 00:26:44,320 --> 00:26:45,719 Speaker 4: alarm has gone off, We'll see if he can come 494 00:26:45,760 --> 00:26:48,720 Speaker 4: back and finish up the program with us. In the meantime, 495 00:26:49,440 --> 00:26:52,359 Speaker 4: some Americans are starting to speculate there's a government plan 496 00:26:52,480 --> 00:26:55,760 Speaker 4: to change our currency system. The same people speculating believe 497 00:26:55,800 --> 00:26:58,720 Speaker 4: we'll hear about it sooner than later. Two According to 498 00:26:58,760 --> 00:27:02,280 Speaker 4: former Wall Street inside Tika Tawari, the government could soon 499 00:27:02,400 --> 00:27:06,160 Speaker 4: make such an announcement. The speculation is our printed currency 500 00:27:06,200 --> 00:27:09,639 Speaker 4: would be replaced with a new digital version. Tika Tawari's 501 00:27:09,680 --> 00:27:12,960 Speaker 4: warning that the official announcement could come in the next 502 00:27:13,000 --> 00:27:15,680 Speaker 4: few months he's exposing the government plan in a video 503 00:27:16,080 --> 00:27:18,600 Speaker 4: and showing you the three steps you need to take 504 00:27:18,640 --> 00:27:22,399 Speaker 4: to prepare. Go to Dollar Recall dot Com to watch 505 00:27:22,440 --> 00:27:27,240 Speaker 4: the video and further inform yourself that website again, Dollar 506 00:27:27,320 --> 00:27:30,840 Speaker 4: Recall dot Com paid for by the Palm. 507 00:27:30,560 --> 00:27:34,840 Speaker 3: Beach Research Group. Clay and Buck twenty four to seven 508 00:27:34,880 --> 00:27:36,119 Speaker 3: and subscribe today. 509 00:27:37,000 --> 00:27:40,359 Speaker 4: Welcome back in Clay Travis Buck Sexton show. Buck has 510 00:27:40,359 --> 00:27:43,120 Speaker 4: had a fire alarm go off in his studio, so 511 00:27:43,480 --> 00:27:46,359 Speaker 4: he may or may not be able to rejoin us. 512 00:27:46,560 --> 00:27:48,400 Speaker 4: Do you ever wonder what live radio is like? This 513 00:27:48,440 --> 00:27:51,159 Speaker 4: is why the podcast guys can make a lot of money. 514 00:27:51,520 --> 00:27:54,679 Speaker 4: There's no doubt about it. Doing a podcast way easier 515 00:27:54,760 --> 00:27:57,640 Speaker 4: than doing a live radio show. I like both, by 516 00:27:57,640 --> 00:28:00,159 Speaker 4: the way, lots of good podcasts out there. But if 517 00:28:00,160 --> 00:28:02,560 Speaker 4: an alarm goes off during podcast taping, you just say, Okay, 518 00:28:02,600 --> 00:28:04,679 Speaker 4: we'll wait till the alarm goes off. Alarm goes off 519 00:28:04,760 --> 00:28:06,680 Speaker 4: during a live radio show, boom, you just keep rolling. 520 00:28:07,560 --> 00:28:10,639 Speaker 4: Big story that is going to I think continue to 521 00:28:11,800 --> 00:28:16,240 Speaker 4: build is surrounding Mitch McConnell. I think we have some 522 00:28:16,440 --> 00:28:22,600 Speaker 4: audio of Mitch McConnell and it's uncomfortable. It's unfortunate. It's 523 00:28:22,640 --> 00:28:26,640 Speaker 4: not just Mitch McConnell. Dianne Feinstein has a power of attorney. 524 00:28:26,760 --> 00:28:31,200 Speaker 4: She can't actually make choices in her own life. Her 525 00:28:31,320 --> 00:28:35,840 Speaker 4: family is able to obligate her contractually, yet she is 526 00:28:35,880 --> 00:28:40,800 Speaker 4: still representing the Senate in California. You've got John Fetterman, 527 00:28:40,880 --> 00:28:45,959 Speaker 4: who anybody who watched that debate immediately checked himself into 528 00:28:46,280 --> 00:28:48,720 Speaker 4: a hospital as soon as he got to Washington, DC. 529 00:28:48,920 --> 00:28:52,520 Speaker 4: He's still not physically able to do the job of senator. 530 00:28:53,800 --> 00:28:57,360 Speaker 4: And you've got Joe Biden, who it's reckless that he's 531 00:28:57,400 --> 00:29:00,560 Speaker 4: president now, and the idea that he would try to 532 00:29:00,600 --> 00:29:06,160 Speaker 4: be president for years longer is also unacceptable. We have 533 00:29:06,240 --> 00:29:10,160 Speaker 4: a minimum age for president of thirty five, and obviously 534 00:29:10,240 --> 00:29:15,360 Speaker 4: people have different mental capabilities. Donald Trump is far more 535 00:29:15,600 --> 00:29:18,960 Speaker 4: mentally sharp than Joe Biden is heck, Bernie Sanders is 536 00:29:18,960 --> 00:29:20,480 Speaker 4: a year older than Joe Biden. 537 00:29:20,520 --> 00:29:21,280 Speaker 3: He's way sharper. 538 00:29:21,280 --> 00:29:25,160 Speaker 4: And I saw today Warren Buffett turned ninety three and 539 00:29:25,240 --> 00:29:30,080 Speaker 4: he's still making elite investment decisions on behalf of Berkshire Hathaway. 540 00:29:30,160 --> 00:29:34,959 Speaker 4: So everybody has different mental faculties. I think most people 541 00:29:35,000 --> 00:29:39,440 Speaker 4: out there, if they're being honest, would say that in general, 542 00:29:40,600 --> 00:29:46,480 Speaker 4: mental ability peaks in the forties or fifties in terms 543 00:29:46,480 --> 00:29:48,480 Speaker 4: of your ability to make decisions. I was reading in 544 00:29:48,520 --> 00:29:51,640 Speaker 4: the Wall Street Journal yesterday. If you've ever wondered, hey, 545 00:29:51,680 --> 00:29:55,800 Speaker 4: when is the peak ability to make financial decisions on average? 546 00:29:56,320 --> 00:29:58,960 Speaker 4: According to the Wall Street Journal, fifty four years old. 547 00:30:00,000 --> 00:30:02,960 Speaker 4: When you are fifty four years old, you are at 548 00:30:03,040 --> 00:30:07,600 Speaker 4: your peak to make intelligent financial decisions because you've had 549 00:30:08,120 --> 00:30:10,840 Speaker 4: enough experience as an adult to learn. 550 00:30:11,480 --> 00:30:13,040 Speaker 3: But that's so called wisdom. 551 00:30:13,360 --> 00:30:18,160 Speaker 4: But you haven't moved past your cognitive abilities beginning to decline. 552 00:30:18,800 --> 00:30:20,920 Speaker 3: I think about this all the time. For radio, I 553 00:30:20,960 --> 00:30:21,840 Speaker 3: don't know what you know. 554 00:30:21,880 --> 00:30:24,520 Speaker 4: An athlete might peak at twenty seven or twenty eight 555 00:30:24,600 --> 00:30:27,480 Speaker 4: years old. When do you peak in terms of being 556 00:30:27,480 --> 00:30:30,280 Speaker 4: able to process information and speak on the radio? I 557 00:30:30,280 --> 00:30:33,280 Speaker 4: think everybody's different. I would like to think that it's 558 00:30:33,280 --> 00:30:34,720 Speaker 4: in the fifties or sixties. 559 00:30:34,720 --> 00:30:34,880 Speaker 3: You know. 560 00:30:34,880 --> 00:30:36,959 Speaker 4: People think about this all the time. For instance, if 561 00:30:37,000 --> 00:30:40,280 Speaker 4: you're an attorney, you can't fly an airplane after the 562 00:30:40,320 --> 00:30:45,480 Speaker 4: age of sixty five commercial airplane because airlines think that 563 00:30:45,560 --> 00:30:48,600 Speaker 4: you don't have the physical ability after the age of 564 00:30:48,640 --> 00:30:53,000 Speaker 4: sixty five on average to be entrusted with the entire 565 00:30:53,120 --> 00:30:55,520 Speaker 4: life of everybody that's on a commercial airline flight. 566 00:30:56,040 --> 00:30:57,200 Speaker 3: And again I said. 567 00:30:57,000 --> 00:31:00,800 Speaker 4: When this the clip initially went public with Mitch McConnell 568 00:31:01,160 --> 00:31:03,719 Speaker 4: just in the last hour or so, how would you 569 00:31:03,880 --> 00:31:08,360 Speaker 4: feel if you walked onto an airline and Joe Biden 570 00:31:08,560 --> 00:31:12,440 Speaker 4: was the pilot of your airplane. Would you feel as 571 00:31:12,440 --> 00:31:16,560 Speaker 4: you stepped foot onto that airline? Would you think to yourself, boy, 572 00:31:16,600 --> 00:31:19,120 Speaker 4: I'm really glad Joe Biden is flying this airplane. 573 00:31:19,160 --> 00:31:19,920 Speaker 3: Of course you wouldn't. 574 00:31:20,480 --> 00:31:22,720 Speaker 4: Well, how in the world, then, can we justify Joe 575 00:31:22,760 --> 00:31:27,640 Speaker 4: Biden being able to be in charge of every aspect 576 00:31:27,640 --> 00:31:30,440 Speaker 4: of American life. It's crazy. He couldn't run a gas station. 577 00:31:31,280 --> 00:31:34,440 Speaker 4: Maybe he could be a Walmart greeter. But just about 578 00:31:34,480 --> 00:31:36,680 Speaker 4: every single one of you who run a small business 579 00:31:36,800 --> 00:31:39,160 Speaker 4: or work at a major business, I think you would 580 00:31:39,200 --> 00:31:41,520 Speaker 4: be challenged to find a job that Joe Biden could 581 00:31:41,560 --> 00:31:44,560 Speaker 4: have and do successfully. And yet he's in charge of 582 00:31:44,600 --> 00:31:48,280 Speaker 4: the whole nation. And certainly there are different mental and 583 00:31:48,280 --> 00:31:52,720 Speaker 4: physical capacities. But if you can't be president until thirty five, 584 00:31:53,680 --> 00:31:55,480 Speaker 4: how in the world are we talking about a guy 585 00:31:55,480 --> 00:31:59,000 Speaker 4: who's eighty two running and clearly has the mental and 586 00:31:59,000 --> 00:32:02,640 Speaker 4: physical faculty. The decline of Joe Biden running to be president. 587 00:32:02,720 --> 00:32:06,960 Speaker 4: It's reckless. Well, it's not just on the Republican side, 588 00:32:07,040 --> 00:32:09,760 Speaker 4: it's not just on the Democrat side. This is sadly 589 00:32:09,800 --> 00:32:12,720 Speaker 4: an issue everywhere. Here is a clip. I think you'll 590 00:32:12,760 --> 00:32:15,200 Speaker 4: be able to hear it, a bit of Mitch McConnell's. 591 00:32:15,040 --> 00:32:18,440 Speaker 2: Talks about what running for re election in twenty five six? 592 00:32:19,880 --> 00:32:21,760 Speaker 1: That's true. 593 00:32:23,240 --> 00:32:25,719 Speaker 5: Did you hear the question senator running for reelection in 594 00:32:25,720 --> 00:32:29,560 Speaker 5: twenty twenty six? All right, I'm sorry you are running 595 00:32:29,560 --> 00:32:36,160 Speaker 5: you in a minute, Okay, somebody else have a question, 596 00:32:36,280 --> 00:32:37,160 Speaker 5: please speak up? 597 00:32:38,240 --> 00:32:38,600 Speaker 3: Okay. 598 00:32:38,680 --> 00:32:41,400 Speaker 4: So it went bad, And for those of you, again, 599 00:32:41,520 --> 00:32:43,400 Speaker 4: I would encourage you can go watch the video if 600 00:32:43,400 --> 00:32:44,280 Speaker 4: you want to see it for yourself. 601 00:32:44,280 --> 00:32:45,160 Speaker 3: It's not a. 602 00:32:45,160 --> 00:32:48,640 Speaker 4: Video that anybody's happy to see. Certainly, we don't want 603 00:32:48,680 --> 00:32:51,640 Speaker 4: anybody in their eighties or any age to be losing 604 00:32:51,680 --> 00:32:56,000 Speaker 4: their mental and physical capacity. But interestingly, the question was 605 00:32:56,040 --> 00:32:58,840 Speaker 4: about whether Mitch McConnell was going to run for reelection 606 00:32:58,960 --> 00:33:02,760 Speaker 4: in twenty twenty six, which feels reckless, just as it 607 00:33:02,760 --> 00:33:05,480 Speaker 4: feels reckless to me for Joe Biden to run for 608 00:33:05,520 --> 00:33:08,200 Speaker 4: reelection in twenty twenty four. Hecke's reckless for Joe Biden 609 00:33:08,240 --> 00:33:10,520 Speaker 4: to be in office right now, given all the difficult 610 00:33:10,520 --> 00:33:13,280 Speaker 4: decisions he has to make on a daily basis. And 611 00:33:13,440 --> 00:33:16,160 Speaker 4: remember everybody out there listening to us right now in 612 00:33:16,200 --> 00:33:19,680 Speaker 4: the Bluegrass State. We've got the number one show in Louisville. 613 00:33:19,800 --> 00:33:22,960 Speaker 4: We've got a massive audience in Lexington. I know many 614 00:33:23,040 --> 00:33:26,280 Speaker 4: of you are listening all over the state of Kentucky 615 00:33:26,360 --> 00:33:29,440 Speaker 4: right now. If you're saying, okay, well, Mitch McConnell, I 616 00:33:29,480 --> 00:33:32,120 Speaker 4: know he's a Senate majority leader. I don't know how 617 00:33:32,160 --> 00:33:33,960 Speaker 4: this is going to be a major issue going forward. 618 00:33:33,960 --> 00:33:37,280 Speaker 4: We're basically in a fifty to fifty Senate and there 619 00:33:37,400 --> 00:33:42,480 Speaker 4: is a governor's race going on this fall. Daniel Cameron, 620 00:33:42,640 --> 00:33:45,360 Speaker 4: all of you need to vote for him because there's 621 00:33:45,400 --> 00:33:48,720 Speaker 4: a Democrat in office right now and he's running for reelection, 622 00:33:49,480 --> 00:33:53,640 Speaker 4: and if that Democrat wins, he has said that he's 623 00:33:53,720 --> 00:33:57,840 Speaker 4: going to appoint a Democrat in the event that Mitch 624 00:33:57,920 --> 00:34:01,360 Speaker 4: McConnell we're not able to serve out the rest of 625 00:34:01,400 --> 00:34:03,200 Speaker 4: his term. Now, a bunch of you in Kentucky are saying, 626 00:34:03,200 --> 00:34:05,520 Speaker 4: wait a minute, Clay, we passed the bill. Yeah, I 627 00:34:05,600 --> 00:34:10,520 Speaker 4: understand there's a bill passed where the Kentucky legislature, which 628 00:34:10,600 --> 00:34:13,320 Speaker 4: is majority Republican, is saying we get to pick three 629 00:34:13,480 --> 00:34:17,080 Speaker 4: names in the Republican party to present to the governor, 630 00:34:17,080 --> 00:34:18,960 Speaker 4: and he has to pick one of those three names. 631 00:34:19,120 --> 00:34:21,680 Speaker 4: But Andy Basheer has said he doesn't think that's constitutional, 632 00:34:22,360 --> 00:34:24,960 Speaker 4: and so we're going to end up in a major 633 00:34:25,160 --> 00:34:29,480 Speaker 4: court battle where Kentucky could end up with either a 634 00:34:29,600 --> 00:34:33,600 Speaker 4: Democrat senator who's appointed by Andy Basheer, and then there's 635 00:34:33,640 --> 00:34:37,640 Speaker 4: a court battle over whether that senator can take office, 636 00:34:37,239 --> 00:34:40,640 Speaker 4: or it may be the case that Kentucky doesn't have 637 00:34:40,719 --> 00:34:44,799 Speaker 4: a sitting senator, both of which could end up in 638 00:34:44,840 --> 00:34:48,600 Speaker 4: the wake of the twenty twenty four election. Think about this, now, 639 00:34:49,320 --> 00:34:53,200 Speaker 4: you could end up in a situation where Republicans have 640 00:34:53,320 --> 00:34:57,720 Speaker 4: a small majority. Let's say Trump wins or a Republican wins, 641 00:34:57,719 --> 00:35:00,520 Speaker 4: and it's a fifty to fifty Senate and the VP 642 00:35:00,719 --> 00:35:04,239 Speaker 4: is breaking the tie. Well, if Mitch McConnell's not there 643 00:35:05,200 --> 00:35:08,560 Speaker 4: and Kentucky either has a Democrat senator or they have 644 00:35:08,680 --> 00:35:12,760 Speaker 4: no senator, then Democrats would take back control of the Senate. 645 00:35:13,120 --> 00:35:13,839 Speaker 3: It's a big deal. 646 00:35:13,920 --> 00:35:17,000 Speaker 4: And obviously, if Joe Biden somehow gets elected again or 647 00:35:17,080 --> 00:35:20,760 Speaker 4: another Democrat does, then Democrats would have the tie break, 648 00:35:21,120 --> 00:35:24,520 Speaker 4: and that Senate seat could also be massively significant in 649 00:35:24,600 --> 00:35:27,920 Speaker 4: terms of their ability to pass legislation or put. 650 00:35:27,719 --> 00:35:28,920 Speaker 3: Somebody on the Supreme Court. 651 00:35:29,120 --> 00:35:32,840 Speaker 4: It's a really big deal, and it is a mess 652 00:35:32,920 --> 00:35:36,160 Speaker 4: right now in the state of Kentucky if you care 653 00:35:36,239 --> 00:35:40,040 Speaker 4: about this. Regardless of everything else, Andy Msheer has been 654 00:35:40,080 --> 00:35:44,080 Speaker 4: wrong on everything COVID. I couldn't believe how much more 655 00:35:44,200 --> 00:35:47,719 Speaker 4: locked down Kentucky was than my home state of Tennessee, 656 00:35:48,280 --> 00:35:50,520 Speaker 4: and I know many of you out there experienced it 657 00:35:50,560 --> 00:35:53,200 Speaker 4: in the state of Kentucky. That by itself is a 658 00:35:53,239 --> 00:35:55,360 Speaker 4: reason why you should be voting for Daniel Cameron. 659 00:35:55,880 --> 00:35:56,440 Speaker 3: But even if you. 660 00:35:56,440 --> 00:35:59,920 Speaker 4: Don't particularly care, think about what they will do. They 661 00:36:00,120 --> 00:36:05,399 Speaker 4: will appoint a Democrat senator if Andy Basheer wins and 662 00:36:05,560 --> 00:36:11,120 Speaker 4: Kentucky sticks with a Democrat governor, a Democrat governor who 663 00:36:11,160 --> 00:36:14,800 Speaker 4: failed on all things COVID and actually made things far 664 00:36:14,880 --> 00:36:17,600 Speaker 4: worse for most of the residents of the state of Kentucky. 665 00:36:17,880 --> 00:36:20,200 Speaker 4: Kentucky's a red state, it should have a red governor, 666 00:36:20,520 --> 00:36:23,560 Speaker 4: and Daniel Cameron is the right choice there. It matters 667 00:36:23,840 --> 00:36:27,360 Speaker 4: a great deal regardless. But when you consider Mitch McConnell's 668 00:36:27,360 --> 00:36:30,759 Speaker 4: health and the court battle looming over any potential replacement 669 00:36:30,840 --> 00:36:33,719 Speaker 4: in the event that that were necessary toccur between now 670 00:36:33,719 --> 00:36:37,840 Speaker 4: and twenty twenty six. This, by itself is why it 671 00:36:37,880 --> 00:36:41,000 Speaker 4: is so important that Daniel Cameron be elected this fall. 672 00:36:41,600 --> 00:36:42,799 Speaker 3: I appreciate all of you. 673 00:36:42,840 --> 00:36:45,160 Speaker 4: Buck, with the fire alarm going off in his studio, 674 00:36:45,239 --> 00:36:47,480 Speaker 4: he'll be back with us tomorrow. We'll be back with 675 00:36:47,520 --> 00:36:50,080 Speaker 4: you on Thursday. Should be a lot of fun. Appreciate 676 00:36:50,120 --> 00:36:52,839 Speaker 4: all the time you spend with us every single day. 677 00:36:53,080 --> 00:36:54,959 Speaker 4: This has been playing, Buck,