1
00:00:11,697 --> 00:00:14,977
Speaker 1: You're listening to the Buck Sexton Show podcast, make sure

2
00:00:14,977 --> 00:00:17,977
Speaker 1: you subscribe to the podcast on the iHeartRadio app or

3
00:00:18,017 --> 00:00:19,737
Speaker 1: wherever you get your podcasts.

4
00:00:20,257 --> 00:00:24,177
Speaker 2: Is the Big Beautiful Bill? Big Beautiful? And will it

5
00:00:24,217 --> 00:00:27,097
Speaker 2: become a bill? These are things that we should dive

6
00:00:27,097 --> 00:00:30,017
Speaker 2: into now with our friend Inez Felcher, stepman of the

7
00:00:30,137 --> 00:00:35,377
Speaker 2: Independent Woman's Forum, also a new mom seven months, not

8
00:00:35,457 --> 00:00:37,577
Speaker 2: quite as new as I am a dad, but she's

9
00:00:37,617 --> 00:00:40,897
Speaker 2: given me all the insights and all the special tips

10
00:00:40,897 --> 00:00:42,937
Speaker 2: to be good at the parent thing.

11
00:00:42,977 --> 00:00:45,617
Speaker 3: So we'll talk about I was just telling him he

12
00:00:45,657 --> 00:00:47,297
Speaker 3: had a lot to look forward to, that's all.

13
00:00:47,337 --> 00:00:48,417
Speaker 1: They get cuter and cuter.

14
00:00:48,777 --> 00:00:51,017
Speaker 2: Well, that's a tip, especially when I'm spending a lot

15
00:00:51,017 --> 00:00:54,337
Speaker 2: of time now bottle feeding and changing diapers, and a

16
00:00:54,377 --> 00:00:55,937
Speaker 2: lot of time is probably a lie. I do it

17
00:00:55,977 --> 00:00:58,217
Speaker 2: a little bit. Carrie does ninety five percent of it,

18
00:00:58,337 --> 00:01:00,377
Speaker 2: So once in a while I get in there just

19
00:01:00,417 --> 00:01:02,657
Speaker 2: to show everybody that I can. But I'm trying to help.

20
00:01:02,657 --> 00:01:04,657
Speaker 2: He's very cute little guy. But we'll talk cute baby

21
00:01:04,697 --> 00:01:07,977
Speaker 2: stuff in a second. First, America, The Big Beautiful Bill.

22
00:01:08,937 --> 00:01:12,457
Speaker 2: Where are you on this one? Because you're a you're

23
00:01:12,497 --> 00:01:15,897
Speaker 2: a realist and somebody who looks at the numbers. So

24
00:01:15,937 --> 00:01:18,137
Speaker 2: how does that come out for you? Which side of

25
00:01:18,137 --> 00:01:21,937
Speaker 2: this do you think should should end up winning? So

26
00:01:22,057 --> 00:01:22,537
Speaker 2: to speak?

27
00:01:23,737 --> 00:01:26,457
Speaker 3: Yeah, well, look, I've been against a lot of these

28
00:01:26,497 --> 00:01:30,977
Speaker 3: big omipus bills. I've complained about them, but I actually

29
00:01:31,017 --> 00:01:33,177
Speaker 3: think this one's pretty good. Now that's not to say

30
00:01:33,217 --> 00:01:35,377
Speaker 3: that it's perfect. I think there are a lot of

31
00:01:35,537 --> 00:01:38,017
Speaker 3: There is a lot of merit to Elon's criticism on

32
00:01:38,057 --> 00:01:42,417
Speaker 3: the deficit. This is not really a deficit reduction bill.

33
00:01:43,137 --> 00:01:46,417
Speaker 3: That being said, I mean, how many times have Republicans

34
00:01:46,537 --> 00:01:49,777
Speaker 3: not you know, have promised to make substantial cuts and

35
00:01:49,817 --> 00:01:52,657
Speaker 3: they haven't done it. And that's partially because really bending

36
00:01:52,697 --> 00:01:55,697
Speaker 3: the cost curve on American governance means doing some things

37
00:01:55,697 --> 00:01:58,377
Speaker 3: that are really unpopular with the American people, like you know,

38
00:01:58,457 --> 00:02:03,377
Speaker 3: reforming entitlements and yes, eventually we're going to slam into

39
00:02:03,417 --> 00:02:06,297
Speaker 3: some kind of physical wall. All of that being said,

40
00:02:06,897 --> 00:02:09,577
Speaker 3: I think the policy in this bill is really good,

41
00:02:09,697 --> 00:02:11,937
Speaker 3: and I think think it's worth passing for the policy.

42
00:02:12,017 --> 00:02:12,937
Speaker 1: Some of those policies.

43
00:02:12,937 --> 00:02:16,057
Speaker 3: Obviously, the top line the tax cuts, no tax on tips,

44
00:02:16,097 --> 00:02:18,857
Speaker 3: and tax on overtime. That is something that the fuel

45
00:02:18,897 --> 00:02:21,777
Speaker 3: that the economy needs, especially with some of the uncertainty

46
00:02:22,097 --> 00:02:24,457
Speaker 3: around tariffs. If we want to try to restructure and

47
00:02:24,497 --> 00:02:27,057
Speaker 3: bring more things home, like we need to shore up

48
00:02:27,257 --> 00:02:28,617
Speaker 3: the basics of the economy.

49
00:02:28,617 --> 00:02:29,537
Speaker 1: So I think that's good.

50
00:02:30,817 --> 00:02:32,977
Speaker 3: But then a lot of the little things are I

51
00:02:32,977 --> 00:02:34,697
Speaker 3: don't think they're little things, but like things that are

52
00:02:34,737 --> 00:02:37,457
Speaker 3: not getting the headlines. In the same way, there's a

53
00:02:37,497 --> 00:02:40,177
Speaker 3: lot of Green New Deal subsidies that are cut in

54
00:02:40,257 --> 00:02:43,937
Speaker 3: this bill. Most importantly for me, there's an endowment tax.

55
00:02:44,177 --> 00:02:49,337
Speaker 3: There's a proposal to tax endowments of universities at twenty

56
00:02:49,377 --> 00:02:52,337
Speaker 3: one percent, which I think is a long, long overdue

57
00:02:53,537 --> 00:02:56,377
Speaker 3: higher ED reform. The other pieces of higher ed reforms

58
00:02:56,657 --> 00:03:00,457
Speaker 3: in this bill are also quite impressive. I was initially

59
00:03:00,577 --> 00:03:03,097
Speaker 3: kind of negative on it, but they've improved it since then.

60
00:03:03,297 --> 00:03:05,497
Speaker 3: And this is the first time, for example, that we're

61
00:03:05,537 --> 00:03:08,817
Speaker 3: starting to structurally touch student loans and try to start,

62
00:03:09,017 --> 00:03:12,977
Speaker 3: you know, stoping the cost of university tuition via these

63
00:03:13,017 --> 00:03:17,177
Speaker 3: government backed loans that are going into default at record rates,

64
00:03:17,937 --> 00:03:21,017
Speaker 3: trying to start bending that cost curve. I think those

65
00:03:21,057 --> 00:03:24,977
Speaker 3: things are all really substantively important. And then probably the

66
00:03:24,977 --> 00:03:28,097
Speaker 3: most important, the most central promise of the Trump administration

67
00:03:28,177 --> 00:03:32,137
Speaker 3: from twenty sixteen campaign to twenty twenty campaign twenty twenty four.

68
00:03:32,617 --> 00:03:36,137
Speaker 3: Right is immigration enforcement. Now the president is doing what

69
00:03:36,137 --> 00:03:39,257
Speaker 3: he can from the administrative side, from the executive side,

70
00:03:39,537 --> 00:03:42,737
Speaker 3: but this gives money to build the wall. It gives

71
00:03:42,777 --> 00:03:46,297
Speaker 3: money to border patrol and immigration enforcement more broadly, that

72
00:03:46,417 --> 00:03:50,097
Speaker 3: is desperately needed. Everybody is understaffed for the magnitude of

73
00:03:50,137 --> 00:03:55,217
Speaker 3: the problem. And it deals with some of the recalibrating.

74
00:03:55,257 --> 00:03:58,777
Speaker 3: Our military is starting to actually produce more munitions at home.

75
00:03:58,897 --> 00:04:00,817
Speaker 3: Like that's something that all of these things, to me,

76
00:04:00,937 --> 00:04:05,257
Speaker 3: are like really critical issues that we should be happy that,

77
00:04:05,377 --> 00:04:08,457
Speaker 3: you know, the Republican government is finally addressing. And I

78
00:04:08,457 --> 00:04:10,217
Speaker 3: say this to someone who's been a critic of like

79
00:04:10,257 --> 00:04:13,257
Speaker 3: almost every quote unquote big beautiful bill since then, this

80
00:04:13,257 --> 00:04:15,817
Speaker 3: one seems pretty good to me, even granting some of

81
00:04:15,857 --> 00:04:17,057
Speaker 3: the critiques about the deficit.

82
00:04:18,057 --> 00:04:21,377
Speaker 2: Now, explain to me if you would. Now it's funny,

83
00:04:21,377 --> 00:04:22,857
Speaker 2: because I feel like I should be able to explain

84
00:04:22,857 --> 00:04:25,417
Speaker 2: this to anybody who asked, because I've talked to Senator

85
00:04:25,457 --> 00:04:28,497
Speaker 2: Ran Paul about this on radio. I've talked to Senator

86
00:04:28,577 --> 00:04:32,057
Speaker 2: Ron Johnson about this on radio, and I understand their

87
00:04:32,137 --> 00:04:38,337
Speaker 2: philosophical objection, which is we're raising the debt ceiling of

88
00:04:38,457 --> 00:04:41,137
Speaker 2: five trillion dollars, the most I think it's ever been raised.

89
00:04:41,617 --> 00:04:46,577
Speaker 2: And it's this is not going to address even the deficit. Right,

90
00:04:46,817 --> 00:04:49,337
Speaker 2: it's not going to do as I understand this? What

91
00:04:49,417 --> 00:04:51,137
Speaker 2: I don't understand and maybe you can help me with

92
00:04:51,217 --> 00:04:53,257
Speaker 2: this And they might have told me, but I've forgotten

93
00:04:53,297 --> 00:04:56,297
Speaker 2: because it was last week. What if they want to

94
00:04:56,377 --> 00:04:59,857
Speaker 2: be done here? That's different. There's there's the philosophical objection.

95
00:04:59,937 --> 00:05:02,337
Speaker 2: I get it. They're like, this isn't doing the following, Okay,

96
00:05:02,377 --> 00:05:06,377
Speaker 2: but how could the following, meaning addressing that be done?

97
00:05:07,097 --> 00:05:11,857
Speaker 2: If reconciliation can only be spending that is non mandatory,

98
00:05:12,137 --> 00:05:14,937
Speaker 2: it cannot touch mandatory spending if you need to do

99
00:05:15,017 --> 00:05:17,857
Speaker 2: mandatory spending or try to mandatory spending cuts. Now you're

100
00:05:17,897 --> 00:05:20,417
Speaker 2: back at the sixty vote threshold of filibusters. So what

101
00:05:20,577 --> 00:05:23,137
Speaker 2: is the process that like Senator Rampaul and others have

102
00:05:23,217 --> 00:05:25,577
Speaker 2: problems with this, like Elon, which we're going to talk

103
00:05:25,577 --> 00:05:27,217
Speaker 2: about a second, what do they want to happen?

104
00:05:28,657 --> 00:05:30,937
Speaker 3: Look, politics is the art of the possible. And in

105
00:05:31,137 --> 00:05:33,817
Speaker 3: Elon's crash out on x Or, he's just been tweeting.

106
00:05:33,857 --> 00:05:36,977
Speaker 3: He's probably tweeting as we speak right now, more about this.

107
00:05:37,137 --> 00:05:40,537
Speaker 3: But one thing that he tweeted struck me is incredibly naive,

108
00:05:40,577 --> 00:05:43,057
Speaker 3: which he said, you know, keep the good, take get

109
00:05:43,137 --> 00:05:45,617
Speaker 3: rid of the bad, and the bill as though these

110
00:05:45,657 --> 00:05:49,297
Speaker 3: bills are not a very delicate balance of things that

111
00:05:49,697 --> 00:05:52,657
Speaker 3: you're trying to keep like an entire coalition happy, and

112
00:05:52,697 --> 00:05:55,337
Speaker 3: everybody is unhappy with some piece of this bill. It

113
00:05:55,417 --> 00:05:58,217
Speaker 3: just struck me as a politically naive tweet in particular.

114
00:05:58,337 --> 00:06:00,977
Speaker 3: But no, I'm not sure what they think. I mean,

115
00:06:00,977 --> 00:06:03,297
Speaker 3: clearly they think that they can get a better deal.

116
00:06:03,457 --> 00:06:07,497
Speaker 3: And if all of this public fighting results in a

117
00:06:07,537 --> 00:06:09,777
Speaker 3: bill that does make more cuts, I know one of

118
00:06:09,817 --> 00:06:13,337
Speaker 3: the cut, for example, that that House Member Chip Roy

119
00:06:13,537 --> 00:06:17,937
Speaker 3: was interested in, is actually putting even more stringent reforms

120
00:06:17,977 --> 00:06:22,057
Speaker 3: on Medicaid expansion right under Obamacare. That would be quite

121
00:06:22,057 --> 00:06:24,577
Speaker 3: a big fiscal difference, and for him it was something

122
00:06:24,577 --> 00:06:27,177
Speaker 3: that was really important. Now, this bill does play some

123
00:06:27,297 --> 00:06:30,977
Speaker 3: restrictions around able bodied adults who are getting Medicaid I

124
00:06:31,057 --> 00:06:33,217
Speaker 3: have to be seeking work. I think those work requirements

125
00:06:33,297 --> 00:06:35,497
Speaker 3: are a good idea, but there was a disagreement about

126
00:06:35,737 --> 00:06:38,217
Speaker 3: when they were going to kick in how stringent they

127
00:06:38,257 --> 00:06:40,817
Speaker 3: should be, and it probably would make quite a big

128
00:06:40,817 --> 00:06:42,617
Speaker 3: difference on the on the scoring of the bill. That

129
00:06:42,737 --> 00:06:46,177
Speaker 3: was one of the disagreements on the House side. So

130
00:06:46,217 --> 00:06:48,017
Speaker 3: I think that it's a number of things like that,

131
00:06:48,057 --> 00:06:51,737
Speaker 3: But fundamentally, I don't think we're going to get a

132
00:06:51,817 --> 00:06:55,297
Speaker 3: better deal than this, given the margins in the House

133
00:06:55,377 --> 00:06:59,817
Speaker 3: and then the reconciliation process limitations that you and I'm

134
00:06:59,857 --> 00:07:02,057
Speaker 3: not like an expert on you know, all the horse

135
00:07:02,097 --> 00:07:05,217
Speaker 3: trading that has happened behind the scenes. But looking at

136
00:07:05,217 --> 00:07:08,937
Speaker 3: this bill policy wise versus previous, the previous omnibus bill,

137
00:07:09,577 --> 00:07:12,897
Speaker 3: some of the proposals in the past dealing with various

138
00:07:13,457 --> 00:07:17,817
Speaker 3: of these programs where Republicans actually frankly had larger majorities

139
00:07:17,857 --> 00:07:20,977
Speaker 3: to work with, and this bill seems a lot better

140
00:07:20,977 --> 00:07:24,217
Speaker 3: to me on policy, like just border enforcement alone, to

141
00:07:24,377 --> 00:07:27,777
Speaker 3: me right now at this point in time, is probably

142
00:07:27,817 --> 00:07:32,017
Speaker 3: more important than touching the debt and deficit right now,

143
00:07:32,057 --> 00:07:34,097
Speaker 3: even though I recognize that that's a big problem, Like

144
00:07:34,097 --> 00:07:35,377
Speaker 3: I don't think we're ever going to deal with the

145
00:07:35,417 --> 00:07:38,617
Speaker 3: debt if we don't preserve the country right and preserve

146
00:07:38,697 --> 00:07:40,497
Speaker 3: law and order in the American way of life.

147
00:07:40,577 --> 00:07:42,977
Speaker 1: So I think it's a matter of priorities.

148
00:07:43,257 --> 00:07:45,817
Speaker 2: We didn't coordinate this. But this is funny because you know,

149
00:07:45,857 --> 00:07:48,057
Speaker 2: I know you were busy earlier today. This is what

150
00:07:48,057 --> 00:07:49,617
Speaker 2: I said on radio what you just said now, which

151
00:07:50,257 --> 00:07:51,937
Speaker 2: if we lose on this, if we lose on the

152
00:07:51,977 --> 00:07:53,937
Speaker 2: border stuff and the immigration, we lose on everything. It

153
00:07:53,937 --> 00:07:57,017
Speaker 2: doesn't matter. Like the country that we think we're trying

154
00:07:57,057 --> 00:07:59,777
Speaker 2: to preserve is gone, and the notion of being a

155
00:07:59,777 --> 00:08:02,617
Speaker 2: country that cares about a lot of other countries have

156
00:08:02,697 --> 00:08:05,457
Speaker 2: true financial crises that hit them that they can never

157
00:08:05,497 --> 00:08:08,657
Speaker 2: get out of because they spend themselves into oblivion and

158
00:08:08,697 --> 00:08:10,977
Speaker 2: they do all this socialist crow app and the place

159
00:08:11,017 --> 00:08:11,457
Speaker 2: is ruined.

160
00:08:11,537 --> 00:08:11,697
Speaker 3: Right.

161
00:08:12,057 --> 00:08:14,417
Speaker 2: If we don't control immigration, we don't control the border,

162
00:08:14,897 --> 00:08:17,697
Speaker 2: is the whole thing is over anyway. So that's one

163
00:08:17,737 --> 00:08:21,017
Speaker 2: of my problems here is the I like the immigration

164
00:08:21,137 --> 00:08:25,577
Speaker 2: component of the bill so much that I'm you know,

165
00:08:25,617 --> 00:08:27,697
Speaker 2: it's like when you're dating on the hot crazy scale,

166
00:08:27,697 --> 00:08:29,857
Speaker 2: like I'm willing to overlook a lot, you know, I'm

167
00:08:29,857 --> 00:08:31,977
Speaker 2: willing to overlook a lot of the arrest of this

168
00:08:32,057 --> 00:08:34,897
Speaker 2: bill because of that. We'll come back.

169
00:08:34,897 --> 00:08:37,457
Speaker 3: I feel that way about, by the way, about an

170
00:08:37,537 --> 00:08:39,937
Speaker 3: endowment tax and about reforms to higher ed If we're

171
00:08:39,937 --> 00:08:43,697
Speaker 3: talking about these kinds of problems that have really dogged

172
00:08:43,697 --> 00:08:46,737
Speaker 3: the United States and have made me, until this election,

173
00:08:46,857 --> 00:08:50,217
Speaker 3: like incredibly pessimistic about our trajectory. It's the state of

174
00:08:50,777 --> 00:08:53,217
Speaker 3: higher ed right, state of our ivy leagues that train

175
00:08:53,337 --> 00:08:55,457
Speaker 3: all of our elites, that go all into all of

176
00:08:55,497 --> 00:09:01,097
Speaker 3: the institutions, companies, government, everything being just basically woke madrasas

177
00:09:01,137 --> 00:09:05,257
Speaker 3: that no longer actually fulfill their purpose or their promise

178
00:09:05,337 --> 00:09:08,217
Speaker 3: to the American people. Like, that's an incredibly important issue

179
00:09:08,217 --> 00:09:11,497
Speaker 3: to me. It's a you know, civilizational level issue. And

180
00:09:11,537 --> 00:09:13,897
Speaker 3: I feel like if America rights itself as a civilization,

181
00:09:14,417 --> 00:09:16,257
Speaker 3: then we will be able to deal with the debt

182
00:09:16,297 --> 00:09:19,177
Speaker 3: slowly over time. And so I just I just think

183
00:09:19,177 --> 00:09:21,097
Speaker 3: this is on balance, this is a deal worth taking.

184
00:09:21,657 --> 00:09:23,377
Speaker 2: Yeah, I mean I do. I do too, And I

185
00:09:23,417 --> 00:09:26,577
Speaker 2: really I heard out. I specifically sought out Senator Paul

186
00:09:28,297 --> 00:09:31,137
Speaker 2: you know Johnson. I talked to them. I wanted to

187
00:09:31,137 --> 00:09:34,177
Speaker 2: hear their cases, and I get it, but I still

188
00:09:34,177 --> 00:09:36,377
Speaker 2: think it's the right thing to do. So I'm kind

189
00:09:36,377 --> 00:09:37,577
Speaker 2: of with you on this that I didn't know where

190
00:09:37,577 --> 00:09:40,097
Speaker 2: you were gonna come down. I feel like there's so

191
00:09:40,177 --> 00:09:42,097
Speaker 2: much good let's let's let's get back into this though

192
00:09:42,137 --> 00:09:45,457
Speaker 2: in a second. We'll talk about the Elon Trump situation here,

193
00:09:46,257 --> 00:09:49,737
Speaker 2: but our sponsor is the International Fellowship of Christians and Jews,

194
00:09:50,137 --> 00:09:52,577
Speaker 2: and the reality in Israel is still a stark one.

195
00:09:52,697 --> 00:09:55,657
Speaker 2: Parents have to take their children and put them in

196
00:09:55,737 --> 00:09:59,977
Speaker 2: places where they'll be safe from missiles. There are sirens

197
00:10:00,017 --> 00:10:02,937
Speaker 2: that are blaring. This is still going on because there

198
00:10:02,937 --> 00:10:06,337
Speaker 2: are enemies of Israel that continue to attack civilians and

199
00:10:06,377 --> 00:10:09,457
Speaker 2: the threat of terrorism looms large. That's why we have

200
00:10:09,497 --> 00:10:11,977
Speaker 2: partnered with the National Fellowship of Christians and Jews to

201
00:10:12,017 --> 00:10:15,177
Speaker 2: help provide life saving aid and security essentials on the

202
00:10:15,177 --> 00:10:17,897
Speaker 2: front line in Israel where they matter most. Your urgently

203
00:10:17,937 --> 00:10:21,137
Speaker 2: needed gift today will help provide security essentials like bomb shelters,

204
00:10:21,177 --> 00:10:25,897
Speaker 2: black jackets and bulletproof vests for first responders, armored security vehicles, ambulances,

205
00:10:25,897 --> 00:10:28,657
Speaker 2: ambulances and more. Join me in standing with Israel. Call

206
00:10:28,697 --> 00:10:30,537
Speaker 2: to make your gifted eight eight eight four eight eight

207
00:10:30,577 --> 00:10:33,177
Speaker 2: I f CJ. That's eight eight eight four eight eight

208
00:10:33,217 --> 00:10:36,897
Speaker 2: four three two five or online at SUPPORTIFCJ dot org.

209
00:10:36,937 --> 00:10:44,737
Speaker 2: That's support i f CJ dot org. Now, Elon Trump,

210
00:10:45,337 --> 00:10:51,777
Speaker 2: was this end to the bromance completely inevitable in your mind? Uh,

211
00:10:51,897 --> 00:10:55,097
Speaker 2: there's Elon is because here, here's the problem as I

212
00:10:55,137 --> 00:10:56,417
Speaker 2: see it. I wanted to lay this out for a

213
00:10:56,457 --> 00:10:59,617
Speaker 2: little bit. He as Trump can fight with people, and

214
00:10:59,617 --> 00:11:03,097
Speaker 2: that's fine. Elon has now's not He's not just fighting

215
00:11:03,137 --> 00:11:05,737
Speaker 2: of the bill. Elon is saying Trump would have lost

216
00:11:05,737 --> 00:11:09,497
Speaker 2: the election without me, basically like you're ungrateful. No, actually

217
00:11:09,537 --> 00:11:11,257
Speaker 2: he said that's right up. He didn't even say basically

218
00:11:11,457 --> 00:11:15,217
Speaker 2: you're ungrateful from And I feel like there are things

219
00:11:15,217 --> 00:11:17,497
Speaker 2: you could say to Trump and things that you can

220
00:11:17,697 --> 00:11:20,337
Speaker 2: and I think that taking credit for the election is

221
00:11:20,377 --> 00:11:22,137
Speaker 2: something that's going to get Like you see what I'm

222
00:11:22,177 --> 00:11:25,577
Speaker 2: saying here. I'm a little a little concerned about this one.

223
00:11:25,937 --> 00:11:28,217
Speaker 3: Yeah, I mean, look, I do think Trump lets people

224
00:11:28,297 --> 00:11:31,737
Speaker 3: back into the fold for saying really really mean stuff

225
00:11:31,777 --> 00:11:32,537
Speaker 3: about him.

226
00:11:32,377 --> 00:11:34,137
Speaker 1: If they put appropriately here's the ring.

227
00:11:34,297 --> 00:11:37,857
Speaker 3: So I don't know that this is permanent necessarily, But

228
00:11:37,897 --> 00:11:40,017
Speaker 3: Elon's also out there like tweeting that he needs to

229
00:11:40,057 --> 00:11:43,657
Speaker 3: start a new political party. Can only hope it doesn't

230
00:11:43,657 --> 00:11:48,257
Speaker 3: start with the name X. But like, look, I think

231
00:11:48,257 --> 00:11:54,137
Speaker 3: Elon purchasing Twitter was arguably that act. Actually, I would

232
00:11:54,177 --> 00:11:57,577
Speaker 3: say did contribute substantially to Trump's being able to be

233
00:11:57,617 --> 00:12:02,017
Speaker 3: elected I'm less sure about Elon's like contributions in terms

234
00:12:02,017 --> 00:12:04,617
Speaker 3: of money, although I'm sure they were helpful and his

235
00:12:04,777 --> 00:12:06,537
Speaker 3: you know, sort of public backing of Trump, and and

236
00:12:07,177 --> 00:12:10,177
Speaker 3: maybe they did they did sway some people, But I

237
00:12:10,177 --> 00:12:15,457
Speaker 3: I think actually those contributions were probably less important structurally

238
00:12:15,537 --> 00:12:18,417
Speaker 3: than just people being able to speak their minds finally

239
00:12:18,417 --> 00:12:20,777
Speaker 3: on a major social media platform in a way that

240
00:12:20,817 --> 00:12:24,697
Speaker 3: censorship and collusion prevented in twenty twenty, so that I

241
00:12:24,777 --> 00:12:27,977
Speaker 3: really think was like a trajectory changing thing for the

242
00:12:28,057 --> 00:12:32,217
Speaker 3: United States. This random billionaire buys Twitter and let's people

243
00:12:32,257 --> 00:12:35,417
Speaker 3: say what they want on it without censorship. I mean

244
00:12:35,497 --> 00:12:38,097
Speaker 3: that that did transform things. So I don't want to

245
00:12:38,137 --> 00:12:41,217
Speaker 3: take that away from Elon, but I mean, frankly, there

246
00:12:41,257 --> 00:12:44,257
Speaker 3: are huge differences and always will be huge differences between

247
00:12:44,297 --> 00:12:47,577
Speaker 3: I think Trump's outlook and not only Elon Musks, but

248
00:12:47,657 --> 00:12:49,977
Speaker 3: a lot of people in Silicon Valley, right. We saw

249
00:12:49,977 --> 00:12:52,817
Speaker 3: it over tariffs, the battle over tariffs, where a lot

250
00:12:52,857 --> 00:12:56,337
Speaker 3: of people are unhappy. We see it when early on,

251
00:12:56,417 --> 00:12:58,737
Speaker 3: if we've forgotten already, the h toe B flap right

252
00:12:58,857 --> 00:13:03,137
Speaker 3: between between Elon kind of got off because viveg got

253
00:13:03,137 --> 00:13:05,577
Speaker 3: sent to you know, the provinces on that one, it

254
00:13:05,657 --> 00:13:06,377
Speaker 3: got sent.

255
00:13:06,217 --> 00:13:08,577
Speaker 2: Out, he got sent to the archives as we used

256
00:13:08,617 --> 00:13:11,057
Speaker 2: to stay in the cias, then to the r later.

257
00:13:12,217 --> 00:13:16,617
Speaker 3: Yeah, but I think just fundamentally, I grew up in

258
00:13:16,617 --> 00:13:20,857
Speaker 3: Silicon Valley, and I grew up around this particular outlook.

259
00:13:20,857 --> 00:13:22,377
Speaker 3: And one of the things that the people on the

260
00:13:22,457 --> 00:13:24,497
Speaker 3: right and the left there seem to have in common

261
00:13:24,897 --> 00:13:28,337
Speaker 3: are a few underlying outlook issues that I don't think

262
00:13:28,337 --> 00:13:32,577
Speaker 3: are compatible with MAGA with the right more broadly, which

263
00:13:32,617 --> 00:13:37,057
Speaker 3: is this endless faith in capital pe progress without limitation.

264
00:13:37,937 --> 00:13:41,737
Speaker 3: They mostly think the nation state is obsolete, right. We

265
00:13:41,777 --> 00:13:44,257
Speaker 3: don't get into whether they think humanity is obsolete, that's

266
00:13:44,417 --> 00:13:47,377
Speaker 3: another level of question. But they mostly think that the

267
00:13:47,497 --> 00:13:51,537
Speaker 3: unit of the nation state is sort of jangoistic, outdated, clunky, right,

268
00:13:52,497 --> 00:13:54,937
Speaker 3: And so I think any issue that goes to the

269
00:13:54,977 --> 00:13:58,257
Speaker 3: heart of sovereignty or that goes like some of these

270
00:13:58,257 --> 00:14:01,217
Speaker 3: immigration issues, like oh, you should have loyalty actually not

271
00:14:01,257 --> 00:14:03,657
Speaker 3: to pure efficiency, but you should have loyalties or fellow

272
00:14:03,657 --> 00:14:07,137
Speaker 3: citizens rather than you know how the numbers come out,

273
00:14:07,177 --> 00:14:11,777
Speaker 3: even on a GDP spreadsheet. And I I just fundamentally think,

274
00:14:11,777 --> 00:14:13,977
Speaker 3: though it's not to say that they won't work together,

275
00:14:14,017 --> 00:14:17,297
Speaker 3: I mean, all political parties in America, because of the

276
00:14:17,377 --> 00:14:20,017
Speaker 3: nature of our system and having two parties, are coalitions

277
00:14:20,057 --> 00:14:22,537
Speaker 3: of people who have different ideas. So I don't think

278
00:14:22,577 --> 00:14:24,177
Speaker 3: that means that it can never work together. But I

279
00:14:24,457 --> 00:14:25,937
Speaker 3: do think that there were always going to be cracks

280
00:14:25,977 --> 00:14:27,497
Speaker 3: between those two world views.

281
00:14:28,217 --> 00:14:31,297
Speaker 2: I also just think at a very fundamental level, you

282
00:14:31,377 --> 00:14:35,457
Speaker 2: knows that two ultra alpha dogs, I mean, two guys

283
00:14:35,497 --> 00:14:38,737
Speaker 2: who for a long time now both have been willing

284
00:14:38,777 --> 00:14:40,737
Speaker 2: to just say this is how it's going to be,

285
00:14:41,177 --> 00:14:43,217
Speaker 2: and their expectation is that's how it's going to be,

286
00:14:43,257 --> 00:14:45,057
Speaker 2: at least to those sort of around them and in

287
00:14:45,097 --> 00:14:48,777
Speaker 2: their orbit. It's tough for those it's tough for two

288
00:14:48,817 --> 00:14:53,457
Speaker 2: guys like that to have a collaboration. Uh that doesn't

289
00:14:53,537 --> 00:14:55,377
Speaker 2: run into some speed bumps.

290
00:14:56,417 --> 00:14:59,617
Speaker 3: Well, that's certainly true on a personality level. I also

291
00:14:59,817 --> 00:15:02,857
Speaker 3: just I remember speculation a few months ago like, oh,

292
00:15:02,977 --> 00:15:05,617
Speaker 3: you know, some partially fueled of course by the leftist

293
00:15:05,697 --> 00:15:06,537
Speaker 3: media and everything.

294
00:15:06,697 --> 00:15:09,137
Speaker 1: Just you know who's on top? Actually Elon is.

295
00:15:09,097 --> 00:15:12,977
Speaker 3: The you know, the alpha under Trump's skin.

296
00:15:13,177 --> 00:15:16,497
Speaker 2: Yeah, they were trying to get.

297
00:15:15,857 --> 00:15:18,457
Speaker 3: But but to me, it's really obvious he's on top now, right, Like,

298
00:15:18,977 --> 00:15:20,897
Speaker 3: I don't think Elon is going to get his way

299
00:15:20,937 --> 00:15:22,257
Speaker 3: on this. I don't think he's going to get his

300
00:15:22,297 --> 00:15:24,097
Speaker 3: way on a lot of things that he would like

301
00:15:24,177 --> 00:15:26,217
Speaker 3: to see, and that's why he's, you know, crashing out

302
00:15:26,257 --> 00:15:28,337
Speaker 3: publicly and getting mad publicly.

303
00:15:29,337 --> 00:15:32,297
Speaker 1: I think the top partner in the relationship is is

304
00:15:32,337 --> 00:15:36,697
Speaker 1: definitely Trump, and maybe Elon didn't realize that quite as much,

305
00:15:36,737 --> 00:15:38,417
Speaker 1: and maybe he should have, although he seemed to kind

306
00:15:38,417 --> 00:15:39,937
Speaker 1: of accept it in the beginning. I don't I don't know.

307
00:15:40,297 --> 00:15:43,337
Speaker 3: I don't want to talk about like anything personal with

308
00:15:43,417 --> 00:15:45,257
Speaker 3: these two. I do think you're right that two guys

309
00:15:45,257 --> 00:15:47,457
Speaker 3: who are usually on top of the pyramid, you know,

310
00:15:47,577 --> 00:15:49,697
Speaker 3: may have some jostling issues at the top.

311
00:15:49,777 --> 00:15:50,817
Speaker 1: But to me, it's.

312
00:15:50,657 --> 00:15:53,537
Speaker 3: Pretty clear that the political side and the politics and

313
00:15:54,057 --> 00:15:57,777
Speaker 3: Trump are more powerful even than the richest man in

314
00:15:57,817 --> 00:16:00,937
Speaker 3: the world, which in some ways is rather encouraging because

315
00:16:01,097 --> 00:16:05,257
Speaker 3: Trump is in fact elected. He is our representative, right

316
00:16:05,297 --> 00:16:09,217
Speaker 3: in a way that Elon, while he's brilliant and very rich, right,

317
00:16:09,297 --> 00:16:12,137
Speaker 3: is not our represent He's not been elected by the

318
00:16:12,217 --> 00:16:14,817
Speaker 3: American people, and he shouldn't have equal power to the

319
00:16:14,817 --> 00:16:16,297
Speaker 3: President of the United States.

320
00:16:17,257 --> 00:16:20,897
Speaker 2: Sponsor here is paradigm press. You know, there's a lot

321
00:16:20,897 --> 00:16:23,777
Speaker 2: of countries out there that have a sovereign wealth fund, Japan, Norway,

322
00:16:23,817 --> 00:16:26,897
Speaker 2: Saudi Arabia. The national program that many citizens of those

323
00:16:26,937 --> 00:16:30,497
Speaker 2: countries benefit from with the development of an asset, oil,

324
00:16:30,537 --> 00:16:34,017
Speaker 2: for example, is a sovereign wealth asset. Our nations never

325
00:16:34,017 --> 00:16:35,657
Speaker 2: have one of these, but there are states like Texas

326
00:16:35,657 --> 00:16:39,537
Speaker 2: and Alaska that do. Jim Rickards believes that there's an

327
00:16:39,537 --> 00:16:41,857
Speaker 2: asset worth one hundred and fifty trillion dollars buried on

328
00:16:41,897 --> 00:16:42,617
Speaker 2: American soil.

329
00:16:42,657 --> 00:16:42,777
Speaker 1: Now.

330
00:16:42,817 --> 00:16:44,577
Speaker 2: Jim was a former advisor to the White House in

331
00:16:44,577 --> 00:16:47,497
Speaker 2: the Federal Reserve, and he says this endowment, so to speak,

332
00:16:47,577 --> 00:16:49,457
Speaker 2: is so large it could pay off our national debt

333
00:16:49,497 --> 00:16:51,777
Speaker 2: four times over. Why has it been kept secret for

334
00:16:51,857 --> 00:16:54,177
Speaker 2: so long? Well, thanks to President Trump and the Supreme Court,

335
00:16:54,457 --> 00:16:57,297
Speaker 2: there could be a big release relating to this, and

336
00:16:57,337 --> 00:16:59,977
Speaker 2: it could affect you. To hear more of Jim's thinking.

337
00:17:00,017 --> 00:17:03,297
Speaker 2: Go to Birthright twenty twenty five dot com. That's birthright

338
00:17:03,457 --> 00:17:06,017
Speaker 2: twenty twenty five dot com. If he's right, it could

339
00:17:06,017 --> 00:17:08,657
Speaker 2: make President Trump the most popular president in history and

340
00:17:08,737 --> 00:17:11,777
Speaker 2: help millions of investors hire wealthy. Got a Birthright twenty

341
00:17:11,817 --> 00:17:15,817
Speaker 2: twenty five dot com paid for by Paradigm press Inez.

342
00:17:16,457 --> 00:17:18,857
Speaker 2: Just one thing. The Supreme Court decision came down nine

343
00:17:18,897 --> 00:17:21,017
Speaker 2: to zero says you can't. Actually, there's no such thing

344
00:17:21,057 --> 00:17:23,817
Speaker 2: really effectively as reverse discrimination. So you tweeting about this

345
00:17:23,857 --> 00:17:26,617
Speaker 2: spot on that you can't discriminate, Like, if you can't

346
00:17:26,617 --> 00:17:29,457
Speaker 2: discriminate on the basis of sex, it means you can't

347
00:17:29,457 --> 00:17:32,177
Speaker 2: discriminate on the basis of sex. It doesn't mean we're like, well, like,

348
00:17:32,217 --> 00:17:34,657
Speaker 2: what's your sex? I'm like, well, are you straight? Or

349
00:17:34,697 --> 00:17:38,257
Speaker 2: well are This is encouraging, except I feel like, whether

350
00:17:38,297 --> 00:17:41,457
Speaker 2: it's whether it comes to college admissions or hiring stuff,

351
00:17:41,897 --> 00:17:45,057
Speaker 2: the systems that have been discriminating in this way just

352
00:17:45,057 --> 00:17:47,257
Speaker 2: just think they can keep doing it. They're like, you know,

353
00:17:47,417 --> 00:17:49,457
Speaker 2: our side with the Supreme Court goes against us. It

354
00:17:49,457 --> 00:17:51,697
Speaker 2: feels like we stop doing it. They just keep doing it.

355
00:17:52,897 --> 00:17:53,137
Speaker 1: Yeah.

356
00:17:53,177 --> 00:17:56,057
Speaker 3: Well, I actually, I'm again, I'm very optimistic about this,

357
00:17:56,137 --> 00:17:59,217
Speaker 3: and I keep having to repeat whenever I say this

358
00:17:59,377 --> 00:18:02,377
Speaker 3: that I'm not a traditionally optimistic person. I was very

359
00:18:03,377 --> 00:18:06,857
Speaker 3: down on our ultimate trajectory before this election. But I

360
00:18:06,937 --> 00:18:09,097
Speaker 3: just think the last few months of policy coming out

361
00:18:09,097 --> 00:18:12,857
Speaker 3: of the Trump administration has changed the landscape in higher ED.

362
00:18:13,697 --> 00:18:15,977
Speaker 3: So on the higher ED side, I'll take them separately

363
00:18:16,017 --> 00:18:19,257
Speaker 3: because they're separate titles and separate like policy landscapes with

364
00:18:19,617 --> 00:18:24,657
Speaker 3: universities versus private companies. Okay, universities are so dependent on

365
00:18:24,737 --> 00:18:27,937
Speaker 3: federal money, and they are just coming to the end

366
00:18:27,937 --> 00:18:30,937
Speaker 3: of their kicking and screaming denial phase about how much

367
00:18:30,977 --> 00:18:33,697
Speaker 3: control the Trump administration is going to have over what

368
00:18:33,737 --> 00:18:36,337
Speaker 3: they do. Because of that, there was this great piece

369
00:18:36,377 --> 00:18:38,457
Speaker 3: in the New York Times. Don't often say that, but

370
00:18:38,537 --> 00:18:41,217
Speaker 3: if I trust anything in the New York Times, it's

371
00:18:41,257 --> 00:18:45,057
Speaker 3: that they have good sources inside Harvard University right now,

372
00:18:45,417 --> 00:18:48,177
Speaker 3: and so it was one of these like insider pieces

373
00:18:48,497 --> 00:18:49,217
Speaker 3: about how.

374
00:18:50,017 --> 00:18:52,257
Speaker 2: Has freaked out about the financial damage that they were

375
00:18:52,257 --> 00:18:52,777
Speaker 2: going to suffer.

376
00:18:52,857 --> 00:18:56,657
Speaker 3: Right Absolutely, they're freaked out. And if Harvard is streaked out,

377
00:18:56,697 --> 00:19:00,337
Speaker 3: everyone without a fifty three billion dollar endowment is even

378
00:19:00,377 --> 00:19:03,537
Speaker 3: more freaked out. So I think they are coming to

379
00:19:03,577 --> 00:19:06,297
Speaker 3: the realization that the way that they've operated for decades

380
00:19:06,337 --> 00:19:08,817
Speaker 3: and decades is dependent on taxpayer money, and that Trump

381
00:19:08,817 --> 00:19:11,737
Speaker 3: holds the strengths to the tax payer money, and that

382
00:19:11,817 --> 00:19:14,337
Speaker 3: he has really good legal grounds for doing this because

383
00:19:14,337 --> 00:19:17,057
Speaker 3: they have been to the point of this the Supreme

384
00:19:17,097 --> 00:19:21,417
Speaker 3: Court case flagrantly violating the law and the constitution publicly

385
00:19:21,537 --> 00:19:24,297
Speaker 3: announcing that they're doing it, announcing that they're discriminating on

386
00:19:24,337 --> 00:19:28,897
Speaker 3: the basis of race, right and sex, and so they

387
00:19:28,937 --> 00:19:31,137
Speaker 3: really don't have much of a leg to stand on.

388
00:19:31,257 --> 00:19:33,697
Speaker 3: They they're all their legal cases right now deal on

389
00:19:34,297 --> 00:19:38,457
Speaker 3: administrative matters like they didn't fully get a perfect investigation

390
00:19:38,617 --> 00:19:40,457
Speaker 3: or do process. Even if they win on some of

391
00:19:40,497 --> 00:19:43,657
Speaker 3: those those minor tiki tac issues, the Trump administration can

392
00:19:43,777 --> 00:19:46,457
Speaker 3: go back and do a update their process and do

393
00:19:46,537 --> 00:19:50,257
Speaker 3: it again and still take their money, because fundamentally they

394
00:19:50,577 --> 00:19:53,617
Speaker 3: there's not really much investigation necessary. They're announcing that they

395
00:19:53,617 --> 00:19:56,257
Speaker 3: are doing things that are very clearly illegal, and that

396
00:19:56,377 --> 00:19:59,457
Speaker 3: the fact that they're illegal is affirmed now in this

397
00:19:59,537 --> 00:20:02,577
Speaker 3: Supreme Court decision aims nine to zero. This is written

398
00:20:02,577 --> 00:20:07,937
Speaker 3: by Katanji Brown, Jackson right, Jackson Brown, whichever one. And

399
00:20:08,017 --> 00:20:09,537
Speaker 3: so this is this is you know, this is a

400
00:20:09,657 --> 00:20:12,137
Speaker 3: unanim opinion of the Court of something very very simple.

401
00:20:12,337 --> 00:20:16,137
Speaker 3: There is no different standard whether the plaintiff isn't a

402
00:20:16,137 --> 00:20:19,657
Speaker 3: member of a majority or a minority protected class. Right,

403
00:20:19,697 --> 00:20:22,657
Speaker 3: So raise sex. It's interesting this this opinion is actually

404
00:20:22,657 --> 00:20:25,897
Speaker 3: about sexual orientation. It's about a straight woman who was

405
00:20:25,937 --> 00:20:30,377
Speaker 3: discriminated against on the basis of being straight. Now that

406
00:20:30,537 --> 00:20:32,777
Speaker 3: hinges on boss Stock, which is interesting because there is

407
00:20:32,817 --> 00:20:36,457
Speaker 3: no protected category for sexual orientation. Even after boss Stock,

408
00:20:36,537 --> 00:20:40,297
Speaker 3: it's it's looped into sex. Like the long discussion to

409
00:20:40,337 --> 00:20:44,057
Speaker 3: be had there. But basically, the basic principle of this

410
00:20:44,177 --> 00:20:47,537
Speaker 3: decision is that you can't have different standards for essentially

411
00:20:47,537 --> 00:20:50,937
Speaker 3: favored and disfavored classes within these these protected categories.

412
00:20:51,657 --> 00:20:53,497
Speaker 2: It's so vague also as to be like, how do

413
00:20:53,537 --> 00:20:56,377
Speaker 2: you even you know? It's like, well, which which level

414
00:20:56,417 --> 00:21:00,137
Speaker 2: of protection under the protected class? Are you right grading this?

415
00:21:00,337 --> 00:21:03,017
Speaker 2: You know you're a level seven, You're a level nine observer?

416
00:21:03,297 --> 00:21:06,017
Speaker 1: Also, like, how are you defining the boundaries between these classes?

417
00:21:06,097 --> 00:21:08,577
Speaker 3: Right? It's just it's it's a totally unworkable standard in

418
00:21:08,577 --> 00:21:14,297
Speaker 3: addition to being blatantly unfair and discriminatory. But on employer's

419
00:21:14,297 --> 00:21:16,337
Speaker 3: side with this title, this is a Title seven case

420
00:21:16,457 --> 00:21:19,137
Speaker 3: on the employer side. Unlike with admissions, where the Supreme

421
00:21:19,177 --> 00:21:22,377
Speaker 3: Court kind of okayed it for twenty years until the

422
00:21:22,497 --> 00:21:25,177
Speaker 3: decision a couple of years ago students for fair admissions,

423
00:21:25,617 --> 00:21:28,377
Speaker 3: it was never okay to take race into account, for example,

424
00:21:28,537 --> 00:21:32,577
Speaker 3: on hiring and firing decisions. That's something the EEOC, even

425
00:21:32,657 --> 00:21:36,657
Speaker 3: the leftist members of the agency that's tasked with enforcing it,

426
00:21:36,657 --> 00:21:39,337
Speaker 3: it will admit if they're pushed to the wall. Okay,

427
00:21:39,617 --> 00:21:41,257
Speaker 3: like you are not supposed to take into account. It's

428
00:21:41,257 --> 00:21:43,737
Speaker 3: illegal to take race into account, even the slightest bit.

429
00:21:43,777 --> 00:21:46,617
Speaker 3: You cannot put your thumb on the scale for race, okay.

430
00:21:46,817 --> 00:21:49,337
Speaker 3: And you had companies coming out in twenty twenty and

431
00:21:49,417 --> 00:21:53,337
Speaker 3: saying point blank quotas, which even the universities weren't allowed

432
00:21:53,377 --> 00:21:55,177
Speaker 3: to do in admissions, right, they were supposed to cover

433
00:21:55,297 --> 00:21:57,697
Speaker 3: for the fact that they were functionally using quotas by

434
00:21:57,737 --> 00:22:00,417
Speaker 3: something else. And you have Google coming out and saying, well,

435
00:22:00,417 --> 00:22:03,217
Speaker 3: we're going to hire thirty percent more black engineers in

436
00:22:03,257 --> 00:22:05,137
Speaker 3: the next three years or whatever.

437
00:22:05,577 --> 00:22:08,017
Speaker 2: By the way, these people, they should all be sued.

438
00:22:08,017 --> 00:22:10,017
Speaker 2: They should all be sued into oblivion, and they will

439
00:22:10,177 --> 00:22:13,257
Speaker 2: the administration by people who were wrong by them. So

440
00:22:13,457 --> 00:22:15,697
Speaker 2: they this is just the beginning. We got to leave

441
00:22:15,737 --> 00:22:18,097
Speaker 2: it there. Inez always brilliant, always insight.

442
00:22:18,177 --> 00:22:19,617
Speaker 1: They are also one sentence.

443
00:22:19,657 --> 00:22:21,617
Speaker 3: Those cases are already in the pipeline and they're at

444
00:22:21,617 --> 00:22:22,777
Speaker 3: the EOC and they're coming out.

445
00:22:23,177 --> 00:22:25,977
Speaker 2: That's fantasm. Well, we'll talk more about this down the line. Uh,

446
00:22:26,137 --> 00:22:28,897
Speaker 2: give your your also brilliant husband a big high five

447
00:22:28,937 --> 00:22:31,257
Speaker 2: for me, and go ten to that adorable seven month

448
00:22:31,257 --> 00:22:34,697
Speaker 2: old baby. I'm gonna go change now my you know,

449
00:22:35,137 --> 00:22:37,457
Speaker 2: go change the milk for my baby in the bottle

450
00:22:37,537 --> 00:22:39,377
Speaker 2: or something. Anyway, great to see you talk.

451
00:22:40,457 --> 00:22:44,697
Speaker 1: It's great to see you