1 00:00:00,640 --> 00:00:04,160 Speaker 1: Hi, I'm Molly John Fast and this is Fast Politics, 2 00:00:04,400 --> 00:00:07,120 Speaker 1: where we discussed the top political headlines with some of 3 00:00:07,160 --> 00:00:11,200 Speaker 1: today's best minds and one hundred and twenty eight Democrats 4 00:00:11,200 --> 00:00:15,080 Speaker 1: across the aisle to help Republicans block Al Green's bid 5 00:00:15,160 --> 00:00:18,000 Speaker 1: to impeach Trump. We have such a great show for 6 00:00:18,040 --> 00:00:22,759 Speaker 1: you today, the Think Like an Economists podcast. Justin Wolfers 7 00:00:23,160 --> 00:00:27,440 Speaker 1: joins us to talk about trade. Then we'll talk to 8 00:00:27,960 --> 00:00:32,400 Speaker 1: Fair Votes David Daily about why rank choice voting is 9 00:00:32,760 --> 00:00:35,440 Speaker 1: actually amazing and should be everywhere. 10 00:00:35,800 --> 00:00:39,360 Speaker 2: But first the news, Molly, I have to say, in 11 00:00:39,400 --> 00:00:42,080 Speaker 2: our years of dealing with politics, I don't think I've 12 00:00:42,120 --> 00:00:45,199 Speaker 2: ever seen New York City's elites with their bed like 13 00:00:45,320 --> 00:00:48,559 Speaker 2: they have today over zor on Mom Donnie getting the 14 00:00:48,640 --> 00:00:52,800 Speaker 2: Democratic nomination era. It seems the business world and the 15 00:00:52,840 --> 00:00:58,080 Speaker 2: Democratic establishment are well, really really overdoing the drama about 16 00:00:58,080 --> 00:00:58,800 Speaker 2: what this means. 17 00:00:59,080 --> 00:01:05,520 Speaker 1: It is unbelievably crazy how angry things people are. 18 00:01:05,920 --> 00:01:08,560 Speaker 3: Here's what's happening. A lot of people. 19 00:01:08,600 --> 00:01:12,800 Speaker 1: Are worried that he's going to raise taxes, and that 20 00:01:13,160 --> 00:01:16,080 Speaker 1: is really what's happening. I think there are some people 21 00:01:16,200 --> 00:01:19,280 Speaker 1: who are worried he's not sufficiently pro Israel enough, but 22 00:01:19,760 --> 00:01:22,399 Speaker 1: I'm not sure what the mayor of New York has 23 00:01:22,480 --> 00:01:26,280 Speaker 1: to do with Israel particularly, but a well known investor 24 00:01:26,360 --> 00:01:31,000 Speaker 1: deleted an ex post suggesting mon Donnie's win was a 25 00:01:31,080 --> 00:01:35,360 Speaker 1: nightmare for billionaire investors, name checking Bloomberg, Ackman, and Low. 26 00:01:35,800 --> 00:01:39,559 Speaker 1: It wasn't me who did that, but it could have been. Look, 27 00:01:39,680 --> 00:01:42,039 Speaker 1: a lot of very rich people are already saying they're 28 00:01:42,040 --> 00:01:43,800 Speaker 1: going to move to Florida. 29 00:01:43,880 --> 00:01:47,600 Speaker 3: If I had a dollar for every. 30 00:01:46,720 --> 00:01:49,920 Speaker 1: Time wealthy people got mad and said they were going 31 00:01:50,000 --> 00:01:52,760 Speaker 1: to move, I would have a lot of dollars. 32 00:01:53,000 --> 00:01:54,680 Speaker 2: You'd have a lot because there was actually a study 33 00:01:54,720 --> 00:01:56,240 Speaker 2: on this one. The last time they said it when 34 00:01:56,280 --> 00:01:58,760 Speaker 2: Bill de Bungler got elected and guess what, we got 35 00:01:58,840 --> 00:01:59,880 Speaker 2: even more of them here. 36 00:02:00,160 --> 00:02:03,160 Speaker 1: Yes, Now, I want to caution because you and I 37 00:02:03,280 --> 00:02:05,960 Speaker 1: both are Mom and Donnie curious. 38 00:02:06,200 --> 00:02:07,640 Speaker 2: I'm a little more than curious. 39 00:02:07,840 --> 00:02:11,040 Speaker 1: You're maybe a little less curious, but I'm very curious 40 00:02:11,040 --> 00:02:13,919 Speaker 1: about him, and I have a lot of optimism about this. 41 00:02:14,080 --> 00:02:14,760 Speaker 3: That's all I say. 42 00:02:14,919 --> 00:02:18,360 Speaker 1: But we do want to note that being mayor is 43 00:02:18,440 --> 00:02:19,720 Speaker 1: really fucking hard. 44 00:02:19,720 --> 00:02:22,720 Speaker 3: And you know, it's a lot of shit that you. 45 00:02:22,720 --> 00:02:26,400 Speaker 1: Have to do, and sometimes we get excited and then 46 00:02:26,520 --> 00:02:28,800 Speaker 1: people can't do it now. I don't think that's going 47 00:02:28,880 --> 00:02:30,679 Speaker 1: to be the case here. But no one has ever 48 00:02:30,840 --> 00:02:33,600 Speaker 1: been mayor who has ever gone on to anything. 49 00:02:34,760 --> 00:02:35,640 Speaker 3: It's just a fact. 50 00:02:35,880 --> 00:02:39,080 Speaker 2: As you and I have discussed many times, it's not 51 00:02:39,120 --> 00:02:42,520 Speaker 2: a job you leave being popular as New York City mayor. 52 00:02:42,520 --> 00:02:44,880 Speaker 2: It's just doesn't go so well for your approval. 53 00:02:45,120 --> 00:02:48,040 Speaker 1: And in my mind, that's the scariest part about this win. 54 00:02:48,320 --> 00:02:52,400 Speaker 1: But he obviously wants it, and he's quite a gifted politician. 55 00:02:52,560 --> 00:02:55,959 Speaker 1: So we're just gonna all keep our fingers and toes crossed. 56 00:02:56,000 --> 00:02:59,240 Speaker 1: But Fox News, I just want everyone to be aware, 57 00:02:59,360 --> 00:03:02,480 Speaker 1: is now going to go full core press on New 58 00:03:02,560 --> 00:03:06,240 Speaker 1: York City being a houscape and anything they did to 59 00:03:07,280 --> 00:03:10,079 Speaker 1: Eric Adams is going to be one hundred times worse 60 00:03:10,600 --> 00:03:12,240 Speaker 1: to Zoran. 61 00:03:12,240 --> 00:03:14,720 Speaker 2: That's funny because Eric Adams was just on news Max 62 00:03:14,800 --> 00:03:18,119 Speaker 2: because he knows which folks he's running for. So yes, 63 00:03:18,880 --> 00:03:21,160 Speaker 2: it's going to be a very wild ride from here 64 00:03:21,200 --> 00:03:21,880 Speaker 2: to November. 65 00:03:22,160 --> 00:03:25,440 Speaker 3: It's going to be a terrible general election. Yeah. 66 00:03:25,520 --> 00:03:28,400 Speaker 2: I would really encourage a lot of people to, instead 67 00:03:28,400 --> 00:03:31,520 Speaker 2: of reading propaganda from campaigns, actually read some quotes that 68 00:03:31,560 --> 00:03:34,639 Speaker 2: some people say, because boy, have I never seen misinformation 69 00:03:34,760 --> 00:03:36,960 Speaker 2: fly like the last two days on Twitter. 70 00:03:37,200 --> 00:03:37,400 Speaker 3: Yeah. 71 00:03:37,440 --> 00:03:40,120 Speaker 1: And I would also suggest not reading the New York 72 00:03:40,160 --> 00:03:43,800 Speaker 1: Post as much as we love page six. You know, 73 00:03:43,840 --> 00:03:47,160 Speaker 1: we have one local paper, it's a New York Post. 74 00:03:47,560 --> 00:03:50,800 Speaker 2: We have two, we have two. Come only news does exist? 75 00:03:51,200 --> 00:03:54,200 Speaker 1: Okay, we have one local paper, it's the New York Post. 76 00:03:55,640 --> 00:03:55,800 Speaker 4: You know. 77 00:03:56,120 --> 00:03:59,760 Speaker 1: Look, I like the Daily News much more ideologically aligned 78 00:03:59,800 --> 00:04:02,680 Speaker 1: with that. But you know, don't read it. Okay, just 79 00:04:02,760 --> 00:04:04,960 Speaker 1: read page six and throw the rest of the thing out. 80 00:04:05,240 --> 00:04:07,760 Speaker 2: Okay, I'm going to get us onto another subject. 81 00:04:07,840 --> 00:04:09,040 Speaker 3: You're not going to cut that out. 82 00:04:09,080 --> 00:04:09,240 Speaker 2: Man. 83 00:04:09,280 --> 00:04:10,560 Speaker 3: If one thing put. 84 00:04:10,560 --> 00:04:14,280 Speaker 2: On, the listeners will be we be hearing that. Bali 85 00:04:14,400 --> 00:04:16,200 Speaker 2: jug Fast endorses page. 86 00:04:15,920 --> 00:04:18,800 Speaker 1: Six, indorses page six, but tells you to throw the 87 00:04:18,839 --> 00:04:20,919 Speaker 1: rest of the newspaper, and then you're opposed to out. 88 00:04:21,120 --> 00:04:21,520 Speaker 3: Thank you. 89 00:04:22,000 --> 00:04:25,720 Speaker 2: Yeah, okay. So Trump is going to limit sharing classified 90 00:04:25,800 --> 00:04:29,000 Speaker 2: info with Congress after the week on I Red's bombing 91 00:04:29,080 --> 00:04:32,640 Speaker 2: damage because he's very upset that everybody found out that 92 00:04:32,680 --> 00:04:33,760 Speaker 2: he bungled this. 93 00:04:34,160 --> 00:04:37,480 Speaker 1: If you can't read the headline without laughing, then it's 94 00:04:37,520 --> 00:04:40,520 Speaker 1: a Donald Trump headline. So I just want to point 95 00:04:40,520 --> 00:04:42,920 Speaker 1: out I know that there have been other things going on, 96 00:04:43,000 --> 00:04:48,360 Speaker 1: but let's just go through this again. Trump on Saturday decides, unprovoked, 97 00:04:48,440 --> 00:04:51,359 Speaker 1: that he is going to bomb a Rand's nuclear site. 98 00:04:51,560 --> 00:04:54,679 Speaker 1: Maybe he does it because he was watching Fox News. 99 00:04:55,200 --> 00:04:58,240 Speaker 1: Maybe he does it because Net and Yahoo makes him 100 00:04:58,279 --> 00:04:58,840 Speaker 1: want to do it. 101 00:04:59,080 --> 00:05:02,360 Speaker 3: Who even what lurks in the mind of Donald Trump. 102 00:05:02,440 --> 00:05:05,440 Speaker 1: But whatever he does, he decides to bomb the nuclear 103 00:05:05,480 --> 00:05:06,320 Speaker 1: sites in Iran. 104 00:05:06,640 --> 00:05:08,000 Speaker 3: He tweets about it a lot. 105 00:05:08,279 --> 00:05:12,320 Speaker 1: He decide they have numerous planes going over there, they 106 00:05:12,360 --> 00:05:16,400 Speaker 1: have decoys. Now we don't know. Trump said he destroyed 107 00:05:16,480 --> 00:05:19,880 Speaker 1: all of the nukes and that he's the greatest president ever. 108 00:05:19,960 --> 00:05:23,000 Speaker 1: He also said that he's six four and has a 109 00:05:23,040 --> 00:05:26,040 Speaker 1: full head of natural hair, and that gets that color 110 00:05:26,120 --> 00:05:30,320 Speaker 1: from the sun. Okay, so I'm gonna say a lot 111 00:05:30,440 --> 00:05:33,920 Speaker 1: of the reporting I've read shows that maybe they're back 112 00:05:33,960 --> 00:05:34,800 Speaker 1: a few months. 113 00:05:34,839 --> 00:05:35,520 Speaker 3: Maybe they're not. 114 00:05:35,800 --> 00:05:40,240 Speaker 1: Maybe some of the nukes are in other places. Maybe 115 00:05:40,440 --> 00:05:42,960 Speaker 1: Aran doesn't know where they are. I mean, this has 116 00:05:43,000 --> 00:05:46,480 Speaker 1: not solved anyone's problems. It's made life a little more dangerous. 117 00:05:46,520 --> 00:05:51,400 Speaker 1: Then a Monday, Trump declared a ceasefire. Again, not entirely 118 00:05:51,480 --> 00:05:54,800 Speaker 1: clear if there is a ceasefire, because when you have 119 00:05:55,279 --> 00:05:58,320 Speaker 1: a white house like this, you can't believe anything they say. 120 00:05:58,440 --> 00:06:02,919 Speaker 1: But the point of all of this is Iran probably 121 00:06:03,000 --> 00:06:05,680 Speaker 1: not very you know, probably would have been better just 122 00:06:05,680 --> 00:06:08,920 Speaker 1: to have kept them in the nuclear deal like Obama did. 123 00:06:09,240 --> 00:06:14,120 Speaker 1: This doesn't make any sense. And also Trump now embarrassed 124 00:06:14,160 --> 00:06:18,960 Speaker 1: and trying to cover for himself, and so he's trying 125 00:06:19,080 --> 00:06:23,440 Speaker 1: to leak the information that's given to Congress in the 126 00:06:23,480 --> 00:06:26,159 Speaker 1: hopes that he will look better in the press. Again, 127 00:06:26,640 --> 00:06:29,920 Speaker 1: I just want to point out, this is so fucked Okay, 128 00:06:30,000 --> 00:06:32,320 Speaker 1: this is not how any of this is supposed to work. 129 00:06:32,400 --> 00:06:38,240 Speaker 1: This is just a completely bad, bad, very dysfunctional way 130 00:06:38,360 --> 00:06:39,279 Speaker 1: to run a country. 131 00:06:40,080 --> 00:06:45,080 Speaker 2: Strongly, so we now have seen Nancy Pelosi backing a 132 00:06:45,120 --> 00:06:49,640 Speaker 2: Democratic effort to limit Trump on Oran and going to war. 133 00:06:50,560 --> 00:06:54,080 Speaker 2: I think it's interesting to hear this bipartisan support for this, 134 00:06:54,200 --> 00:06:56,279 Speaker 2: but don't know where it's going. What are you seeing? 135 00:06:56,480 --> 00:06:59,880 Speaker 1: I mean, look, it's very scary to think that someone 136 00:07:00,240 --> 00:07:06,520 Speaker 1: as autocratic, curious Trump is very aggressive and very angry 137 00:07:06,880 --> 00:07:09,840 Speaker 1: and hard to reason with. And this seems like a 138 00:07:10,000 --> 00:07:14,280 Speaker 1: very worrying turn of events. And bombing the nukes is 139 00:07:14,560 --> 00:07:18,560 Speaker 1: you know, this was an unprovoked assault on another country 140 00:07:18,600 --> 00:07:21,400 Speaker 1: that was not run through Congress the way it's supposed 141 00:07:21,400 --> 00:07:25,600 Speaker 1: to be. So Congress has so given up everything to 142 00:07:25,720 --> 00:07:30,920 Speaker 1: have this presidency. They have really just refused to hold 143 00:07:30,960 --> 00:07:35,200 Speaker 1: Trump accountable. They did not do due diligence with his 144 00:07:35,480 --> 00:07:38,080 Speaker 1: cabinet members. They did not, you know, at every point, 145 00:07:38,120 --> 00:07:42,120 Speaker 1: they just gave away their power. So anything that Congress 146 00:07:42,160 --> 00:07:44,040 Speaker 1: does to take back a little bit of power I 147 00:07:44,080 --> 00:07:48,000 Speaker 1: think is very good. Congress should grow a spine. And 148 00:07:48,040 --> 00:07:51,080 Speaker 1: by the way, the fact that there's only one person 149 00:07:51,120 --> 00:07:53,840 Speaker 1: who's really standing up to Trump on the Republican side, 150 00:07:54,320 --> 00:07:57,440 Speaker 1: Thomas Massey and Rand Paul. You know, you may not 151 00:07:57,680 --> 00:08:00,400 Speaker 1: like them, you may not agree with them, but those 152 00:08:00,440 --> 00:08:03,640 Speaker 1: guys have done way more than Susan Collins. 153 00:08:04,240 --> 00:08:07,200 Speaker 2: Yes, sounds right. So Molly, you're going to be shocked 154 00:08:07,200 --> 00:08:11,040 Speaker 2: to hear that there's some corrupt dealing inside the House 155 00:08:11,360 --> 00:08:14,600 Speaker 2: of the White House. This time it's Stephen Miller, who 156 00:08:14,720 --> 00:08:18,480 Speaker 2: turns out owns a quarter of a million dollars of 157 00:08:19,320 --> 00:08:22,560 Speaker 2: Pollunteer stock. That's the high end estiment, I should say. 158 00:08:22,680 --> 00:08:26,400 Speaker 2: And Pollunteer, of course, is being contracted to do work 159 00:08:26,440 --> 00:08:26,880 Speaker 2: with Ice. 160 00:08:27,560 --> 00:08:33,560 Speaker 1: No, no, it cannot be. Pollenteer is getting a lot 161 00:08:33,600 --> 00:08:36,800 Speaker 1: of government contracts. We've had so many guests on this podcast, 162 00:08:36,880 --> 00:08:40,880 Speaker 1: who have told us about the many, many, many government 163 00:08:40,960 --> 00:08:44,600 Speaker 1: contracts that volunteer has gotten. Look the idea that you 164 00:08:44,640 --> 00:08:48,199 Speaker 1: could profit while serving your country. This is what Trump 165 00:08:48,320 --> 00:08:51,240 Speaker 1: wanted in from one point zero and has perfected in 166 00:08:51,240 --> 00:08:53,640 Speaker 1: Trump two point zero, which is this kind of low 167 00:08:53,720 --> 00:08:57,200 Speaker 1: level cryptocracy. Now that said Miller doesn't have a ton 168 00:08:57,240 --> 00:08:59,760 Speaker 1: of palateer stock. He has somewhere between one hundred and 169 00:08:59,800 --> 00:09:02,160 Speaker 1: two one hundred and fifty thousand dollars worth of pounder stock. 170 00:09:02,240 --> 00:09:04,800 Speaker 1: And you know, this is like the Elon musk Lesson. 171 00:09:04,920 --> 00:09:10,640 Speaker 1: We know pollunteer data intelligence mining software. They're not the 172 00:09:10,679 --> 00:09:15,120 Speaker 1: good guys, okay, And just like with Elon, we're setting 173 00:09:15,120 --> 00:09:17,320 Speaker 1: ourselves up so that the government is going to be 174 00:09:17,360 --> 00:09:24,199 Speaker 1: dependent on a company that is at best nefarious. Justin 175 00:09:24,240 --> 00:09:28,040 Speaker 1: Wolfers is the host of the Think Like an Economist 176 00:09:28,160 --> 00:09:30,560 Speaker 1: podcast and a professor at the University of Michigan. 177 00:09:30,880 --> 00:09:33,760 Speaker 3: Welcome to Fast Politics, Justin Wolfers. 178 00:09:33,360 --> 00:09:37,040 Speaker 4: He Molly, I thought we're going to rename it fast Economics. 179 00:09:37,520 --> 00:09:38,280 Speaker 3: That's right. 180 00:09:38,600 --> 00:09:41,040 Speaker 1: We're in this such a fucked up moment in American life. 181 00:09:41,120 --> 00:09:43,360 Speaker 1: You came on a lot to talk about the trade wars. 182 00:09:43,520 --> 00:09:45,920 Speaker 1: We've now won the trade wars, So that's over. 183 00:09:46,360 --> 00:09:49,040 Speaker 5: That was the war the wolf, the trade fl is 184 00:09:49,080 --> 00:09:51,240 Speaker 5: who I'm going for those of us. 185 00:09:51,080 --> 00:09:54,439 Speaker 1: Who have not been living and breathing Donald Trump ruining 186 00:09:54,480 --> 00:09:57,120 Speaker 1: our economy. Talk to us about where we are right now? 187 00:09:57,240 --> 00:10:01,240 Speaker 4: Great question, because actually it's very, very hard to read. 188 00:10:01,400 --> 00:10:03,439 Speaker 4: So what I want to do is draw a distinction 189 00:10:03,559 --> 00:10:06,520 Speaker 4: between what economists call hard data. These are the numbers 190 00:10:06,559 --> 00:10:08,720 Speaker 4: that come out of the government, and it's things like 191 00:10:08,760 --> 00:10:10,960 Speaker 4: how much we produce, how many people are employed, what 192 00:10:11,000 --> 00:10:13,640 Speaker 4: are they paid, what's rolling off the production line, versus 193 00:10:13,720 --> 00:10:16,080 Speaker 4: soft data when you go and ask people how they feel, 194 00:10:16,120 --> 00:10:17,559 Speaker 4: and it could be as simple as like are you 195 00:10:17,679 --> 00:10:20,199 Speaker 4: optimistic about the future of the economy, But it could 196 00:10:20,200 --> 00:10:22,560 Speaker 4: also be asking a business like do you plan to 197 00:10:22,600 --> 00:10:25,160 Speaker 4: invest a lot? So soft data and hard data, it's 198 00:10:25,160 --> 00:10:30,600 Speaker 4: not a strong distinction, but it's it's important. It turns 199 00:10:30,600 --> 00:10:34,600 Speaker 4: out right now the soft data are incredibly weak, unbelievably weak. 200 00:10:35,240 --> 00:10:38,480 Speaker 4: In a recession week, you ask people about their own finances, 201 00:10:38,520 --> 00:10:43,319 Speaker 4: their families, finances, their expectations for their business, they're miserable. 202 00:10:43,480 --> 00:10:47,040 Speaker 4: You'll sometimes see some headlines which is business confidence rose, 203 00:10:47,080 --> 00:10:50,680 Speaker 4: but that's because it rose from like horrific to terrible. 204 00:10:50,920 --> 00:10:54,080 Speaker 4: So remember, don't think about rise and fall, think about 205 00:10:54,080 --> 00:10:56,559 Speaker 4: where we are. So the soft data there is miserable. 206 00:10:56,760 --> 00:11:00,960 Speaker 4: The hard data is not. Now it's it's not ecstatic, 207 00:11:01,520 --> 00:11:04,000 Speaker 4: but it's basically saying we're in a pretty good economy 208 00:11:04,200 --> 00:11:07,080 Speaker 4: where we were in a great position when Trump came 209 00:11:07,160 --> 00:11:09,920 Speaker 4: to power, and things have kept going. The unemployment rate 210 00:11:10,040 --> 00:11:11,800 Speaker 4: was low, it's still low. The number of people who 211 00:11:11,880 --> 00:11:14,800 Speaker 4: have jobs is still growing. The economy had a bit 212 00:11:14,840 --> 00:11:18,679 Speaker 4: of a blip, maybe not so much. Now here's the problem. 213 00:11:18,679 --> 00:11:21,960 Speaker 4: It's a really deep problem. Tariffs screw everything up. And 214 00:11:22,000 --> 00:11:24,600 Speaker 4: I'm not saying they're bad for the economy. I'm saying 215 00:11:24,640 --> 00:11:26,080 Speaker 4: they make the economy hard to read. 216 00:11:26,360 --> 00:11:26,760 Speaker 3: Here's why. 217 00:11:27,280 --> 00:11:29,840 Speaker 4: In the first quarter of this year, everyone knew tariffs 218 00:11:29,880 --> 00:11:33,200 Speaker 4: were coming, so businesses all of a sudden started importing 219 00:11:33,280 --> 00:11:35,800 Speaker 4: all the inventory they could get from China, and as 220 00:11:35,800 --> 00:11:38,240 Speaker 4: a result, the trade balance blew out. But there was 221 00:11:38,280 --> 00:11:40,040 Speaker 4: a lot of spending. But what they're doing is they're 222 00:11:40,040 --> 00:11:42,600 Speaker 4: trying to get ahead of the tariffs. So that made 223 00:11:42,640 --> 00:11:45,280 Speaker 4: business spending and in fact, a lot of consumers that 224 00:11:45,400 --> 00:11:47,080 Speaker 4: you might have friends who bought a dishwasher or a 225 00:11:47,160 --> 00:11:50,360 Speaker 4: washing machine or a laptop in advance, So a lot 226 00:11:50,360 --> 00:11:52,760 Speaker 4: of spending occurred. Now that spending is not because the 227 00:11:52,800 --> 00:11:55,120 Speaker 4: economy is strong, it's because they're trying to get ahead. Now, 228 00:11:55,160 --> 00:11:56,560 Speaker 4: a lot of what they were buying is stuff they 229 00:11:56,600 --> 00:11:58,640 Speaker 4: would have bought in the second quarter, and so there's 230 00:11:58,640 --> 00:12:01,439 Speaker 4: an echo effect. Don't believe the first quarter numbers. They're 231 00:12:01,480 --> 00:12:03,040 Speaker 4: too strong. The second quarter is sort of going to 232 00:12:03,040 --> 00:12:05,839 Speaker 4: be too weak. Right, So that means we don't actually 233 00:12:05,920 --> 00:12:08,120 Speaker 4: know where the economy is going in the hard data. 234 00:12:08,200 --> 00:12:10,079 Speaker 4: But it's actually even worse than that, because in the 235 00:12:10,160 --> 00:12:12,480 Speaker 4: middle of all of this, Trump kept messing around with 236 00:12:12,480 --> 00:12:15,160 Speaker 4: tariff some more. You might remember that lovely weekend where 237 00:12:15,200 --> 00:12:18,400 Speaker 4: on a Friday tariffs on the European Union were fifty 238 00:12:18,400 --> 00:12:21,840 Speaker 4: percent and by Monday they were back down to ten percent. 239 00:12:22,440 --> 00:12:24,360 Speaker 4: I've also got to lie nine coming up, which is 240 00:12:24,400 --> 00:12:26,640 Speaker 4: the end of ninety and ninety days. 241 00:12:26,400 --> 00:12:29,400 Speaker 1: Right, And by the way, do we have ninety deals 242 00:12:29,440 --> 00:12:30,280 Speaker 1: and ninety days? 243 00:12:30,720 --> 00:12:34,160 Speaker 4: I am not going to follow your add brain now. 244 00:12:34,240 --> 00:12:36,840 Speaker 4: I am going to finish my store, but you do. 245 00:12:37,160 --> 00:12:39,920 Speaker 1: But we don't have ninety days and ninety deals and 246 00:12:40,000 --> 00:12:41,600 Speaker 1: ninety days. I just want to point. 247 00:12:41,360 --> 00:12:44,280 Speaker 4: Still going to finish my story, all right, right? An 248 00:12:44,320 --> 00:12:45,400 Speaker 4: you tell me I'm getting boring. 249 00:12:46,040 --> 00:12:49,440 Speaker 1: No, I'm telling you I am completely completely tuned in 250 00:12:49,480 --> 00:12:51,760 Speaker 1: on what you're saying. Go on, really going, I can 251 00:12:51,800 --> 00:12:54,600 Speaker 1: test you now, just keep going, God damn. 252 00:12:54,640 --> 00:12:54,920 Speaker 5: Okay. 253 00:12:55,600 --> 00:12:57,800 Speaker 4: The thing is the present keeps currying around with tariffs. 254 00:12:57,880 --> 00:13:00,920 Speaker 4: So what could happen is people front run again, right, 255 00:13:01,440 --> 00:13:03,520 Speaker 4: and that'll screw up our economic data through this year. 256 00:13:03,640 --> 00:13:07,080 Speaker 4: So we're here from Molly. I don't know. 257 00:13:07,600 --> 00:13:11,040 Speaker 1: We're not getting a clear picture of what the data 258 00:13:11,240 --> 00:13:12,319 Speaker 1: of what is happening. 259 00:13:13,920 --> 00:13:16,120 Speaker 4: So when someone says to you, oh, the hard data 260 00:13:16,160 --> 00:13:19,559 Speaker 4: is all good, you're like, it's distorted by tariff nonsense. 261 00:13:20,240 --> 00:13:21,920 Speaker 4: So normally what we do in a moment like that 262 00:13:22,040 --> 00:13:24,560 Speaker 4: is we turn to the soft data. Right with the 263 00:13:24,600 --> 00:13:28,160 Speaker 4: soft data is it's so bad. It turns out some 264 00:13:28,200 --> 00:13:31,400 Speaker 4: people don't like Trump. It turns out that he's been 265 00:13:31,440 --> 00:13:34,120 Speaker 4: a polarizing figure. And so for the previous fifty years 266 00:13:34,120 --> 00:13:35,959 Speaker 4: in American life, when you ask someone what do you 267 00:13:36,000 --> 00:13:37,840 Speaker 4: think about the state of the economy, they would answer 268 00:13:37,920 --> 00:13:40,040 Speaker 4: that question by thinking about the state of the economy. 269 00:13:40,200 --> 00:13:42,120 Speaker 4: Now what they do is they think about who's present, 270 00:13:42,240 --> 00:13:44,720 Speaker 4: whether they like that guy, and they answered that way. 271 00:13:44,760 --> 00:13:47,680 Speaker 4: So the soft data have become unreliable, which means we're 272 00:13:47,760 --> 00:13:52,000 Speaker 4: sailing through very, very thick fog. Anyone who tells you 273 00:13:52,040 --> 00:13:54,640 Speaker 4: they're certain it's good or bad is wrong. 274 00:13:54,800 --> 00:13:57,720 Speaker 3: Can we trust the data we get from our government? 275 00:13:57,880 --> 00:14:00,200 Speaker 4: Yes, I love that question, Thank you, MOLLI. I want 276 00:14:00,200 --> 00:14:03,080 Speaker 4: to put in astix. Okay, here's the asterisks. The official 277 00:14:03,160 --> 00:14:05,520 Speaker 4: data coming from the government, anything that comes from the 278 00:14:05,520 --> 00:14:08,240 Speaker 4: Bureau of Labor Statistics, the Bureau of Economic Analysis, the 279 00:14:08,280 --> 00:14:13,040 Speaker 4: Census Bureau, stuff produced by nerds is totally reliable. I'm 280 00:14:13,040 --> 00:14:16,319 Speaker 4: not saying it's perfect. I'm saying it's the best statistical 281 00:14:16,400 --> 00:14:19,360 Speaker 4: guess of things that are very hard to guess. Anything 282 00:14:19,400 --> 00:14:21,920 Speaker 4: coming out of the White House, which has a history 283 00:14:21,960 --> 00:14:27,640 Speaker 4: of stretching the truth, lying at best, bullshit and so on, 284 00:14:28,000 --> 00:14:30,960 Speaker 4: and also in competence, so sometimes they put out falsehoods 285 00:14:30,960 --> 00:14:34,920 Speaker 4: because they don't know truths, is utterly unreliable. Now, often 286 00:14:34,920 --> 00:14:37,720 Speaker 4: the White House will be reporting on their understanding of 287 00:14:37,760 --> 00:14:40,200 Speaker 4: the official data. But I do think it's important. I 288 00:14:40,200 --> 00:14:42,280 Speaker 4: don't believe a word coming out of the Treasury Secretary, 289 00:14:42,320 --> 00:14:45,560 Speaker 4: the Commerce Secretary, the President, the White House Press secretary, 290 00:14:45,640 --> 00:14:48,400 Speaker 4: or in fact, anyone who's spent more than fourteen minutes 291 00:14:48,400 --> 00:14:51,840 Speaker 4: contaminated on the White House grounds, but official government data 292 00:14:51,880 --> 00:14:55,120 Speaker 4: is okay. Second ASTERIXX. There is a little bit of 293 00:14:55,160 --> 00:14:58,120 Speaker 4: defunding of the government statistical nerds going on right now. 294 00:14:58,240 --> 00:15:01,560 Speaker 1: Yes, that's why I am ask that question because that's 295 00:15:01,600 --> 00:15:02,680 Speaker 1: what I had been told. 296 00:15:03,000 --> 00:15:06,000 Speaker 4: Right. It's really a bad idea, because it's really good 297 00:15:06,040 --> 00:15:07,160 Speaker 4: to know where the economy is. 298 00:15:07,240 --> 00:15:07,320 Speaker 1: Right. 299 00:15:07,360 --> 00:15:09,160 Speaker 4: Remember I just told you we're galling through fog. Wouldn't 300 00:15:09,160 --> 00:15:10,800 Speaker 4: it be good if the world were a little clearer. 301 00:15:10,880 --> 00:15:14,720 Speaker 4: But the thing about that is that makes the statistics 302 00:15:14,920 --> 00:15:18,680 Speaker 4: less reliable, but it doesn't make them more trumpy. Right, 303 00:15:19,040 --> 00:15:22,160 Speaker 4: So if you're worried all this telling stories, this is nonsense, 304 00:15:22,200 --> 00:15:24,400 Speaker 4: This is bullshit. No, And here's the thing I want 305 00:15:24,440 --> 00:15:26,640 Speaker 4: your listeners to understand. I'm not just a talking head 306 00:15:26,680 --> 00:15:29,760 Speaker 4: who's just saying a thing. I have so many friends 307 00:15:29,760 --> 00:15:33,680 Speaker 4: in these statistical agencies. They're PhD economists, they're super nerds, 308 00:15:33,680 --> 00:15:36,880 Speaker 4: and I love them, and they're super committed to their 309 00:15:36,920 --> 00:15:39,240 Speaker 4: work and their craft. And I promise you if they 310 00:15:39,280 --> 00:15:42,880 Speaker 4: were being asked to distort for political reasons, there will 311 00:15:43,000 --> 00:15:46,760 Speaker 4: suddenly lots of anonymous Gmail messages appearing in my inbox, 312 00:15:46,840 --> 00:15:49,240 Speaker 4: and I will then call you, Molly and say, I 313 00:15:49,360 --> 00:15:51,320 Speaker 4: got to talk to your people. This has got to 314 00:15:51,320 --> 00:15:51,920 Speaker 4: get out there. 315 00:15:52,080 --> 00:15:52,360 Speaker 3: Yeah. 316 00:15:52,400 --> 00:15:57,560 Speaker 1: Well, because you are an academic, right I mean a nerd? 317 00:15:58,280 --> 00:16:01,400 Speaker 1: And well I don't I as someone who's married to 318 00:16:01,440 --> 00:16:03,640 Speaker 1: an academic, I don't think of it as being a nerd. 319 00:16:03,800 --> 00:16:06,440 Speaker 1: So we can trust the data out of the government 320 00:16:06,560 --> 00:16:10,360 Speaker 1: for now and tell us about the ninety deals in 321 00:16:10,480 --> 00:16:13,040 Speaker 1: ninety days. Also, it's amazing to me, you know who 322 00:16:13,080 --> 00:16:15,880 Speaker 1: has completely disappeared from the conversation. 323 00:16:16,440 --> 00:16:17,920 Speaker 4: You're going to have to tell me because I must 324 00:16:17,920 --> 00:16:22,840 Speaker 4: have forgotten who they are. Ron Vera, Well that is 325 00:16:22,880 --> 00:16:25,520 Speaker 4: that is why don't you explain to the listeners? 326 00:16:25,560 --> 00:16:29,600 Speaker 3: Because really deep, I'll let you explain to the listeners. 327 00:16:29,760 --> 00:16:32,080 Speaker 4: So can I go back to the beginning of that story? 328 00:16:32,120 --> 00:16:33,960 Speaker 4: Is quite lovely, which is, of course, we know the 329 00:16:34,000 --> 00:16:38,200 Speaker 4: President Trump hates trade, so he asked Jared Kushner very 330 00:16:38,240 --> 00:16:40,400 Speaker 4: early on. He said, find me a trade advisor who's 331 00:16:40,440 --> 00:16:44,119 Speaker 4: also against trade. The problem is that nearly every economist 332 00:16:44,120 --> 00:16:47,280 Speaker 4: thinks that when you find ways to enrich the life 333 00:16:47,320 --> 00:16:49,400 Speaker 4: of others and they find ways to enrich your life, 334 00:16:49,400 --> 00:16:52,600 Speaker 4: that's a good thing. So you have to go shopping 335 00:16:52,640 --> 00:16:54,800 Speaker 4: to find someone who's on the other side of that. 336 00:16:55,720 --> 00:16:59,680 Speaker 4: So Jared Kushner went to Amazon and found a fellow 337 00:16:59,720 --> 00:17:03,120 Speaker 4: who written a book that said how much he hated China. 338 00:17:03,240 --> 00:17:06,959 Speaker 4: So that's great, you get racism for free with your 339 00:17:06,960 --> 00:17:10,399 Speaker 4: anti trade theories. That book was written by a fellow 340 00:17:10,400 --> 00:17:12,119 Speaker 4: by the name of Pete Navarro, who is now a 341 00:17:12,119 --> 00:17:16,640 Speaker 4: convicted felon, but at the time was a professor of Economa. 342 00:17:16,920 --> 00:17:18,640 Speaker 3: Just had bad ideas. Right. 343 00:17:18,840 --> 00:17:21,800 Speaker 4: Look, life is hard to some people. And some people 344 00:17:21,840 --> 00:17:23,639 Speaker 4: grow up thinking that they're going to be the smartest 345 00:17:23,680 --> 00:17:25,320 Speaker 4: kid in the room, and they are all the way 346 00:17:25,320 --> 00:17:27,440 Speaker 4: through high school, and then at a certain point they 347 00:17:27,480 --> 00:17:29,879 Speaker 4: top out and they become bitter, and they come to 348 00:17:29,920 --> 00:17:31,879 Speaker 4: believe that they and they alone hold the keys to 349 00:17:32,000 --> 00:17:35,560 Speaker 4: all truth. So this book that Jared Kushner bought. The 350 00:17:35,600 --> 00:17:38,600 Speaker 4: author of the book was written by Peter Navarro, who 351 00:17:38,840 --> 00:17:41,880 Speaker 4: throughout this book keeps writing about how an expert ron 352 00:17:41,960 --> 00:17:45,879 Speaker 4: Vara authenticates everything that he says. Now you'll notice if 353 00:17:45,880 --> 00:17:48,119 Speaker 4: you play a lot of scrabble, that ron Vara is 354 00:17:48,160 --> 00:17:51,119 Speaker 4: just a rearrangement of the letters of Peter Navarro. So 355 00:17:51,160 --> 00:17:53,000 Speaker 4: it is true. There are two economists in the world 356 00:17:53,000 --> 00:17:55,680 Speaker 4: who support what the president is doing. They just both 357 00:17:55,720 --> 00:17:58,399 Speaker 4: happen to be the same person. How did you get 358 00:17:58,480 --> 00:18:02,680 Speaker 4: me to start? I'm not bitch or can I'm a person. 359 00:18:02,800 --> 00:18:03,679 Speaker 4: I like people. 360 00:18:04,080 --> 00:18:08,200 Speaker 3: Sure, don't do that to me again, Molly baby? And 361 00:18:08,320 --> 00:18:09,040 Speaker 3: ninety days ago? 362 00:18:09,160 --> 00:18:11,440 Speaker 4: How many times we're going to say something nice about someone? 363 00:18:11,520 --> 00:18:12,600 Speaker 4: Can we have a nice break? 364 00:18:12,840 --> 00:18:17,320 Speaker 1: Okay, say something nice about someone? Vasa Trump is very tall? 365 00:18:17,480 --> 00:18:19,640 Speaker 4: You know what? Okay, I'm going to say two nice things, 366 00:18:19,680 --> 00:18:23,720 Speaker 4: and I'm going to challenge your So the first one's easy, 367 00:18:23,800 --> 00:18:26,560 Speaker 4: which is I admire J. Powell, who's getting called all 368 00:18:26,600 --> 00:18:27,240 Speaker 4: sorts of names. 369 00:18:27,240 --> 00:18:30,399 Speaker 3: And then that guy that is a remarkable job. He 370 00:18:30,720 --> 00:18:33,199 Speaker 3: is having a tough, tough job. Yeah. 371 00:18:33,240 --> 00:18:37,359 Speaker 4: And when I want to upset my liberal students, and 372 00:18:37,440 --> 00:18:39,719 Speaker 4: I sometimes want to julp them a little bit, I 373 00:18:39,800 --> 00:18:43,040 Speaker 4: tell them that the most important economic policy prehaps of 374 00:18:43,040 --> 00:18:46,119 Speaker 4: my lifetime happened under and was caused by President Trump, 375 00:18:46,200 --> 00:18:49,280 Speaker 4: and that was the invention of the vaccine. Without the vaccine, 376 00:18:49,320 --> 00:18:51,760 Speaker 4: we would not be out doing business, enjoying our lives 377 00:18:51,760 --> 00:18:53,199 Speaker 4: and so on. And so I want to tip my 378 00:18:53,240 --> 00:18:55,800 Speaker 4: hat to President Trump and Operation warp Speed. 379 00:18:56,240 --> 00:19:00,960 Speaker 3: My eighty D is getting bored. Okay, you still. 380 00:19:00,760 --> 00:19:02,000 Speaker 4: Didn't say anything nice. 381 00:19:02,520 --> 00:19:05,040 Speaker 3: I said of uncle Trump is very tall. 382 00:19:05,520 --> 00:19:10,120 Speaker 4: That is mostly true. Okay, deals very very tall. 383 00:19:10,640 --> 00:19:12,320 Speaker 3: Yep, that's not nothing. 384 00:19:12,600 --> 00:19:15,280 Speaker 4: Go and she and I share a and you share 385 00:19:15,320 --> 00:19:15,960 Speaker 4: a hair color. 386 00:19:16,560 --> 00:19:20,480 Speaker 3: That is sort of go on, continue ninety. 387 00:19:20,200 --> 00:19:23,760 Speaker 4: Deals in ninety days, We'll promise by Pinavara and the 388 00:19:23,760 --> 00:19:26,520 Speaker 4: President and the Treasury Secretary and the Commerce secretary, ninety 389 00:19:26,520 --> 00:19:29,840 Speaker 4: deals in ninety days. We're about seventy days in right now. 390 00:19:30,080 --> 00:19:33,040 Speaker 4: We sort of kind of have a deal with the UK. 391 00:19:33,800 --> 00:19:36,000 Speaker 4: Last time I spoke with your audience. The deal we 392 00:19:36,040 --> 00:19:38,080 Speaker 4: had was a pre deal. It was a deal to 393 00:19:38,080 --> 00:19:41,399 Speaker 4: make a deal outline of a deal that subsequently became 394 00:19:41,440 --> 00:19:44,080 Speaker 4: a deal. Although in that deal the most important part 395 00:19:44,080 --> 00:19:47,040 Speaker 4: of it for the British was letting British steal in 396 00:19:47,400 --> 00:19:50,760 Speaker 4: and that is still being negotiated, so even the deal 397 00:19:50,840 --> 00:19:52,800 Speaker 4: is still mid deal. So that means we've got eighty 398 00:19:52,880 --> 00:19:55,359 Speaker 4: nine other deals to go, and that ignores the other 399 00:19:55,359 --> 00:19:57,920 Speaker 4: one hundred and two countries in the world. And then 400 00:19:58,000 --> 00:20:01,119 Speaker 4: today we had President Trump over at NATO where he's 401 00:20:01,200 --> 00:20:04,280 Speaker 4: upset at the Spanish threatening to put extra double tariffs 402 00:20:04,280 --> 00:20:06,920 Speaker 4: on Spain. So to be clear, he's upset about American 403 00:20:07,000 --> 00:20:11,000 Speaker 4: military spending, Sorry about Spanish military spending. So he's decided 404 00:20:11,040 --> 00:20:14,600 Speaker 4: to impose taxes on Americans. Yes, it's not the most 405 00:20:14,640 --> 00:20:17,000 Speaker 4: direct way of doing foreign poves. 406 00:20:17,600 --> 00:20:19,160 Speaker 3: No, it's pretty crazy. 407 00:20:19,960 --> 00:20:22,760 Speaker 4: So look, the deals aren't happening. It's clear they're not 408 00:20:22,840 --> 00:20:25,439 Speaker 4: going to happen. I think that if people were betting 409 00:20:25,440 --> 00:20:28,080 Speaker 4: on zero at the end, the White House will pull 410 00:20:28,160 --> 00:20:31,399 Speaker 4: something out. So it's basically not going to happen. But 411 00:20:31,480 --> 00:20:33,359 Speaker 4: there is this problem, which is on July ninth, if 412 00:20:33,400 --> 00:20:36,919 Speaker 4: you don't have a deal, something's going to happen. And 413 00:20:36,960 --> 00:20:39,639 Speaker 4: we don't. And remember July ninth is going back to 414 00:20:39,680 --> 00:20:42,359 Speaker 4: Liberation Day, which we all knew was a disaster. So 415 00:20:43,080 --> 00:20:46,240 Speaker 4: the problem with governing in ninety day pauses is time 416 00:20:46,320 --> 00:20:48,840 Speaker 4: keeps ticking and you actually still have to make a decision, 417 00:20:48,840 --> 00:20:52,000 Speaker 4: and we have no indication so far of a coherent 418 00:20:52,320 --> 00:20:53,440 Speaker 4: decision being made. 419 00:20:53,800 --> 00:20:58,560 Speaker 1: Right now, there are still tariffs in place, and they're 420 00:20:58,800 --> 00:21:01,560 Speaker 1: like weird. So for example, I wonder if you could 421 00:21:01,600 --> 00:21:04,240 Speaker 1: just run us through where we are. We have tariffs 422 00:21:04,280 --> 00:21:09,000 Speaker 1: on Mexico and Canada, but just ten percent right. 423 00:21:09,080 --> 00:21:12,000 Speaker 4: Even better than that, which is those guys actually ended 424 00:21:12,040 --> 00:21:14,480 Speaker 4: up our lowest tariff partners having started the trade war 425 00:21:14,560 --> 00:21:17,040 Speaker 4: by fighting them, they're actually now my best friends again, 426 00:21:17,520 --> 00:21:21,119 Speaker 4: which is anything that meets the conditions of the old NAFTA, 427 00:21:21,200 --> 00:21:24,000 Speaker 4: which is now called USMCA. 428 00:21:23,320 --> 00:21:27,520 Speaker 3: Right, because like, oh but okay. 429 00:21:27,320 --> 00:21:29,480 Speaker 4: So there's two ways in which tariffs work, and I 430 00:21:29,520 --> 00:21:32,639 Speaker 4: apologize to your audience for the confusion, but let me 431 00:21:32,680 --> 00:21:37,240 Speaker 4: just say I didn't design them. There's tariffs that are 432 00:21:37,240 --> 00:21:41,040 Speaker 4: going on countries, right, and then there are so think 433 00:21:41,080 --> 00:21:43,920 Speaker 4: about that as horizontal and their verticals, which is tariff's 434 00:21:43,920 --> 00:21:47,720 Speaker 4: on industries, okay, And so Canada still, I believe Canada 435 00:21:47,760 --> 00:21:50,840 Speaker 4: and Mexico, I believe is still getting steel and aluminum, 436 00:21:51,080 --> 00:21:55,240 Speaker 4: order certain auto parts these industries. So in the words, 437 00:21:55,280 --> 00:21:57,879 Speaker 4: we've got pharmaceuticals coming and so on and so forth. 438 00:21:58,480 --> 00:22:00,600 Speaker 4: Those ones, by the way, rest on them much stronger 439 00:22:00,680 --> 00:22:05,119 Speaker 4: legal basis. Right then, country by country, We've got China 440 00:22:05,240 --> 00:22:08,960 Speaker 4: right now at thirty percent. We are charging Americans thirty 441 00:22:08,960 --> 00:22:11,440 Speaker 4: percent for everything they buy from China, and we've got 442 00:22:11,440 --> 00:22:14,560 Speaker 4: the rest of the world at ten percent. And unless 443 00:22:14,600 --> 00:22:17,240 Speaker 4: anyone thinks that any of this is a low tariff raid, 444 00:22:17,280 --> 00:22:20,120 Speaker 4: I just want to remind you that this would put 445 00:22:20,200 --> 00:22:22,840 Speaker 4: tariffs at the highest rate in at least fifty years. 446 00:22:22,960 --> 00:22:24,639 Speaker 3: It would put us in greater depression. 447 00:22:24,800 --> 00:22:27,600 Speaker 4: Right, it depends what day, because they literally are changing 448 00:22:27,640 --> 00:22:30,640 Speaker 4: the tariff's day by day. Right, would put us four 449 00:22:30,720 --> 00:22:33,320 Speaker 4: or five times higher than any other industrialized country. So 450 00:22:33,720 --> 00:22:36,760 Speaker 4: this is not what grown ups do, Mollie. I have 451 00:22:36,840 --> 00:22:38,760 Speaker 4: a fun thing I want to bring to the conversation. 452 00:22:38,880 --> 00:22:41,720 Speaker 1: Mat plase, yes, and then I have another question about 453 00:22:41,880 --> 00:22:43,840 Speaker 1: I won't have a question about steel tariffs. 454 00:22:43,840 --> 00:22:46,479 Speaker 4: Go on, Okay, this is better than steel tariffs. This 455 00:22:46,520 --> 00:22:50,960 Speaker 4: is Jdevans. So remember, way back when I think it 456 00:22:51,000 --> 00:22:52,840 Speaker 4: was two days ago, we ate a lot about Iran 457 00:22:53,680 --> 00:22:57,320 Speaker 4: in the Strait of Homors, which is this very little 458 00:22:57,480 --> 00:22:59,800 Speaker 4: narrow part where a lot of the oil tankers go through. 459 00:23:00,840 --> 00:23:02,800 Speaker 4: So jd Vance said, this is a quote, and I 460 00:23:02,840 --> 00:23:05,200 Speaker 4: just want to get the quote out for people there. 461 00:23:05,400 --> 00:23:08,040 Speaker 4: He's talking about Iran. Their entire economy runs through the 462 00:23:08,080 --> 00:23:11,000 Speaker 4: Strait of Homos. If they want to destroy their own 463 00:23:11,040 --> 00:23:13,639 Speaker 4: economy and cause disruptions in the world, I think that 464 00:23:13,680 --> 00:23:16,359 Speaker 4: would be their decision. But why would they do that. 465 00:23:16,760 --> 00:23:21,199 Speaker 4: I don't think it makes any sense right now. He 466 00:23:21,280 --> 00:23:23,840 Speaker 4: was talking about Iran. But now just let's think about 467 00:23:23,880 --> 00:23:26,560 Speaker 4: how this speaks to the United States. So for us, 468 00:23:26,880 --> 00:23:29,439 Speaker 4: much of our economy runs through our ports, just as 469 00:23:29,520 --> 00:23:32,400 Speaker 4: much of the Iranian economy runs through the Strait of Homos, 470 00:23:32,640 --> 00:23:35,040 Speaker 4: And just as Iran can use its military to prevent 471 00:23:35,160 --> 00:23:38,120 Speaker 4: ships passing through the Strait of Homos, Trump has been 472 00:23:38,240 --> 00:23:41,160 Speaker 4: using tariffs to prevent ships coming into the LA ports 473 00:23:41,840 --> 00:23:45,040 Speaker 4: and retaliatory tariffs to prevent them from leaving. And so 474 00:23:45,240 --> 00:23:49,639 Speaker 4: much as those shipping restrictions would hurt the Iranian economy, 475 00:23:49,680 --> 00:23:53,280 Speaker 4: this is hurting our own economy much as Vance said, 476 00:23:53,280 --> 00:23:55,320 Speaker 4: This is again is a quote. If they want to 477 00:23:55,359 --> 00:23:57,920 Speaker 4: destroy their own economy and cause disruptions in the world, 478 00:23:58,040 --> 00:24:01,560 Speaker 4: I think that would be their decision. That's literally what 479 00:24:01,600 --> 00:24:05,960 Speaker 4: Trump is doing with tariffs. And remember Vans and but 480 00:24:06,119 --> 00:24:08,160 Speaker 4: why would they do that? I don't think it makes 481 00:24:08,200 --> 00:24:10,600 Speaker 4: any sense. And I think that Evans has done a 482 00:24:10,680 --> 00:24:14,240 Speaker 4: terrific job in pointing out the aut incoherence of this 483 00:24:14,320 --> 00:24:15,159 Speaker 4: trade policy. 484 00:24:15,280 --> 00:24:19,680 Speaker 1: Yes, correct and also hilarious. Now talk to me about 485 00:24:19,680 --> 00:24:23,280 Speaker 1: the steel tariffs, because there are steel tariffs that Trump 486 00:24:23,440 --> 00:24:28,760 Speaker 1: is putting on and they actually are, weirdly one of 487 00:24:28,800 --> 00:24:31,600 Speaker 1: the few things that Democrats agree with. 488 00:24:32,560 --> 00:24:33,840 Speaker 3: So talk to us about that. 489 00:24:34,040 --> 00:24:37,080 Speaker 4: Yeah, then Democrats about make me a very very big mistake. 490 00:24:37,480 --> 00:24:39,360 Speaker 3: I'm just telling you, and that's my job here. 491 00:24:39,400 --> 00:24:41,520 Speaker 4: No, and I appreciate you. Molly. I was like, steel 492 00:24:41,560 --> 00:24:43,600 Speaker 4: sounds boring, but now I understand why it's important. 493 00:24:43,760 --> 00:24:43,960 Speaker 1: Yeah. 494 00:24:44,119 --> 00:24:47,359 Speaker 4: Yeah. And also the steel is paid with tariffs on 495 00:24:47,400 --> 00:24:51,679 Speaker 4: another metal. What is it, Molly, aluminum? Aluminium? 496 00:24:51,880 --> 00:24:55,560 Speaker 3: Yes? Go on, go on, go on, go on, yest. 497 00:24:55,520 --> 00:24:57,080 Speaker 4: Little Australian American humanity. 498 00:24:58,080 --> 00:24:59,080 Speaker 3: Hilarious. 499 00:25:01,359 --> 00:25:05,480 Speaker 4: Okay, here's why steal tariffs are a terrible, terrible, terrible idea. 500 00:25:06,040 --> 00:25:11,880 Speaker 1: But first explain why liberals, why some Democrats also support them. 501 00:25:12,400 --> 00:25:14,680 Speaker 1: You might do a better job on that than me, But. 502 00:25:14,640 --> 00:25:16,840 Speaker 3: Anyway, tell why they're bad, Say why they're bad. 503 00:25:17,080 --> 00:25:19,199 Speaker 4: Okay, what I can say is, you know, back in 504 00:25:19,240 --> 00:25:22,639 Speaker 4: the eighties, the particularly pro union parts of the labor 505 00:25:22,680 --> 00:25:26,080 Speaker 4: movement were quite protectionists. So Trump has taken a position 506 00:25:26,119 --> 00:25:28,600 Speaker 4: that was historically a very liberal position. When I began 507 00:25:28,640 --> 00:25:31,520 Speaker 4: my teaching career, my left wing students hated it when 508 00:25:31,520 --> 00:25:33,560 Speaker 4: I talked about trade. Now it's my right wing. 509 00:25:33,400 --> 00:25:34,240 Speaker 3: Students, right. 510 00:25:34,720 --> 00:25:39,680 Speaker 1: Really important point that Democrats used to be protectionist before Clinton, 511 00:25:40,080 --> 00:25:41,960 Speaker 1: and then they shifted right. 512 00:25:42,080 --> 00:25:45,280 Speaker 4: During was fighting Democrats to get it done right. So 513 00:25:45,600 --> 00:25:47,879 Speaker 4: I want to let me actually start with a bigger 514 00:25:47,920 --> 00:25:50,280 Speaker 4: picture point, which is when many people think about trade, 515 00:25:50,320 --> 00:25:53,320 Speaker 4: they think about like France sends us bottles of wine 516 00:25:53,320 --> 00:25:55,440 Speaker 4: and we send them cars, that we create the whole 517 00:25:55,520 --> 00:25:57,280 Speaker 4: damn car and send it over there, and they create 518 00:25:57,320 --> 00:25:59,120 Speaker 4: the whole damn bottle of wine and send it over here. 519 00:25:59,280 --> 00:26:02,679 Speaker 4: That's not how it works in reality. We don't have 520 00:26:02,680 --> 00:26:05,200 Speaker 4: any rubber trees in America, so we don't make the 521 00:26:05,200 --> 00:26:08,480 Speaker 4: whole damn car. We got to get the rubber from 522 00:26:08,480 --> 00:26:11,119 Speaker 4: abroad to make the tires. And it's not just rubber 523 00:26:11,119 --> 00:26:13,080 Speaker 4: and rubber trees. It turns out that all the different 524 00:26:13,080 --> 00:26:15,760 Speaker 4: components of the car come from all computer chips might 525 00:26:15,800 --> 00:26:19,720 Speaker 4: come from Taiwan, and the seats might come from Canada, 526 00:26:19,800 --> 00:26:22,399 Speaker 4: and blah blah blah blah blah blah blah. The moment 527 00:26:22,480 --> 00:26:24,960 Speaker 4: you realize that, you realize that when you put tariffs 528 00:26:25,000 --> 00:26:28,200 Speaker 4: on something, you're not just putting tariffs on consumers. You're 529 00:26:28,200 --> 00:26:31,080 Speaker 4: putting tariffs on American businesses. So there's two things that 530 00:26:31,119 --> 00:26:34,440 Speaker 4: are really important about steel and aluminium. First of all, 531 00:26:34,480 --> 00:26:37,920 Speaker 4: stick they are very very important inputs into other parts 532 00:26:37,960 --> 00:26:41,399 Speaker 4: of manufacturing. So what that means is every factory around 533 00:26:41,440 --> 00:26:44,480 Speaker 4: the world can get access to steel without paying a 534 00:26:44,520 --> 00:26:48,600 Speaker 4: special up charge, except those in America. So what you're 535 00:26:48,600 --> 00:26:51,280 Speaker 4: doing is you are making American factories that you steal 536 00:26:51,359 --> 00:26:53,280 Speaker 4: less competitive than any other countries. 537 00:26:53,440 --> 00:26:55,399 Speaker 3: They have to pay more because of the tariffs. 538 00:26:55,840 --> 00:26:57,680 Speaker 4: Oh that reminds me. Let me make a second point 539 00:26:57,760 --> 00:27:01,160 Speaker 4: that is obvious to economists but needs to be Some 540 00:27:01,160 --> 00:27:03,800 Speaker 4: people say, oh, just buy American steel. 541 00:27:03,960 --> 00:27:05,359 Speaker 3: There is no American steel. 542 00:27:05,520 --> 00:27:06,600 Speaker 4: There is American steel. 543 00:27:06,960 --> 00:27:07,400 Speaker 3: Oh. 544 00:27:07,440 --> 00:27:10,400 Speaker 4: But the problem is if you're an American steel manufacturer 545 00:27:10,520 --> 00:27:12,560 Speaker 4: and your customer calls and says, I'd like to buy 546 00:27:12,560 --> 00:27:14,360 Speaker 4: some steel, you can say, well, you could either buy 547 00:27:14,400 --> 00:27:16,199 Speaker 4: from me or buy from those foreign guys. And if 548 00:27:16,200 --> 00:27:17,640 Speaker 4: you buy from those foreign guys, you have to pay 549 00:27:17,640 --> 00:27:20,800 Speaker 4: a twenty percent tariff. Right, all of a sudden, now 550 00:27:20,880 --> 00:27:22,760 Speaker 4: I realize I can jack up my price and you 551 00:27:22,760 --> 00:27:26,920 Speaker 4: don't have a better choiceh So when you say, oh, 552 00:27:27,040 --> 00:27:29,280 Speaker 4: just buy American, sure you can buy American, but I 553 00:27:29,320 --> 00:27:32,320 Speaker 4: guarantee you because steel is traded internationally, it's all the 554 00:27:32,320 --> 00:27:34,560 Speaker 4: price is going to get equalized. And so as a result, 555 00:27:34,560 --> 00:27:37,200 Speaker 4: the price of American steel goes up almost one for 556 00:27:37,320 --> 00:27:40,000 Speaker 4: one with a tariff. So it's not just imports that 557 00:27:40,160 --> 00:27:43,080 Speaker 4: become more expensive. It's also American steel, it becomes more expensive. 558 00:27:43,240 --> 00:27:44,760 Speaker 3: Oh, that makes a lot of sense. 559 00:27:46,080 --> 00:27:48,119 Speaker 4: It's called in economics, by the way, the lore of 560 00:27:48,200 --> 00:27:51,360 Speaker 4: one price. When something is traded internationally, we at one 561 00:27:51,400 --> 00:27:53,680 Speaker 4: price around the world. Okay, now I want to tell 562 00:27:53,680 --> 00:27:56,119 Speaker 4: you why steel is a really really bad place for 563 00:27:57,119 --> 00:27:57,840 Speaker 4: what tariffs. 564 00:27:58,119 --> 00:28:01,000 Speaker 1: No, because we're almost out a time, and I want 565 00:28:01,040 --> 00:28:04,359 Speaker 1: you to talk to us about how the Middle East 566 00:28:04,480 --> 00:28:05,919 Speaker 1: is going to affect the economy. 567 00:28:06,440 --> 00:28:09,119 Speaker 4: Ryan has been fascinating and we all became experts on 568 00:28:09,160 --> 00:28:11,399 Speaker 4: the Iranian economy and it's been a terrific couple of 569 00:28:11,560 --> 00:28:15,120 Speaker 4: days learning about it. And a lot of people have said, oh, 570 00:28:15,160 --> 00:28:17,440 Speaker 4: that Trump is it's a master stroke in the Middle East, 571 00:28:17,440 --> 00:28:19,800 Speaker 4: and in some sense it is. It hasn't turned into bushes. 572 00:28:19,800 --> 00:28:20,800 Speaker 4: I raq nonsense. 573 00:28:20,880 --> 00:28:24,200 Speaker 3: Yeah, it's been like four days, but yes, And. 574 00:28:24,680 --> 00:28:28,880 Speaker 4: I just want to remind you that as of today's Tuesday, Wednesday, 575 00:28:28,960 --> 00:28:30,480 Speaker 4: whatever day it is, I. 576 00:28:30,520 --> 00:28:32,680 Speaker 3: Think it's Wednesday, we are now back. 577 00:28:32,480 --> 00:28:34,680 Speaker 4: To exactly where we were seven days ago. The great 578 00:28:34,720 --> 00:28:37,680 Speaker 4: triumph is that he restored relations to where they had been. 579 00:28:38,600 --> 00:28:38,800 Speaker 3: Right. 580 00:28:39,160 --> 00:28:43,600 Speaker 4: If that stays, then basically nothing changes right right? 581 00:28:43,680 --> 00:28:44,040 Speaker 3: Right? 582 00:28:44,240 --> 00:28:47,840 Speaker 4: If that doesn't and Iran's oil production goes down. That's 583 00:28:47,960 --> 00:28:50,640 Speaker 4: not a big deal, right, because Iran is only two 584 00:28:50,720 --> 00:28:53,120 Speaker 4: or three percent of global production. The reason we've all 585 00:28:53,200 --> 00:28:56,880 Speaker 4: learned how to pronounce the Strait of Homus is because 586 00:28:56,880 --> 00:28:59,560 Speaker 4: that's this tiny little alley where all of the oil, 587 00:28:59,600 --> 00:29:02,640 Speaker 4: particular from Saudi Arabia goes through, but also the Emirates, 588 00:29:03,720 --> 00:29:06,280 Speaker 4: and so twenty percent of global oil goes through that. 589 00:29:06,720 --> 00:29:10,040 Speaker 4: So if Iran were to close that, that would be 590 00:29:10,080 --> 00:29:13,160 Speaker 4: a massive decline in the amount of oil available. Now, 591 00:29:13,320 --> 00:29:17,400 Speaker 4: realize the United States is basically is in fact energy independent, 592 00:29:17,640 --> 00:29:19,560 Speaker 4: So it's not that we're going to lose a lot 593 00:29:19,560 --> 00:29:21,560 Speaker 4: of money. But remember what I said a moment ago 594 00:29:21,560 --> 00:29:24,000 Speaker 4: about the law of one price. It's going to become 595 00:29:24,000 --> 00:29:28,520 Speaker 4: more expensive for oil, including American oil, right, And so Americans, 596 00:29:28,600 --> 00:29:31,320 Speaker 4: even though we're mostly buying American oil, are going to 597 00:29:31,320 --> 00:29:35,080 Speaker 4: be paying more if the straight up Homewars closes. So 598 00:29:35,200 --> 00:29:37,200 Speaker 4: that's the real problem is if there's a shock to 599 00:29:37,240 --> 00:29:40,040 Speaker 4: global oil supply, it's not going to be a big 600 00:29:40,040 --> 00:29:42,320 Speaker 4: shock to our income because again, remember we actually produce 601 00:29:42,400 --> 00:29:44,560 Speaker 4: more than we use. But it would be a shock 602 00:29:44,600 --> 00:29:48,160 Speaker 4: to prices, and so it could potentially have further effects 603 00:29:48,200 --> 00:29:52,280 Speaker 4: on inflation. But right now I am hopeful that our 604 00:29:53,200 --> 00:29:58,240 Speaker 4: steady and stable foreign policy will continue to reap incredible rewards. 605 00:29:59,560 --> 00:30:04,240 Speaker 1: Thank you, thank you, thank you, Justin for adding a 606 00:30:04,280 --> 00:30:05,640 Speaker 1: bit of levity. 607 00:30:06,800 --> 00:30:11,920 Speaker 3: That wasn't liberty, that was the stable foreign policy. Jesus 608 00:30:11,920 --> 00:30:13,240 Speaker 3: fucking Christ, Thank you. 609 00:30:16,320 --> 00:30:19,600 Speaker 1: David Daly is a senior fellow at Fair Vote and 610 00:30:19,640 --> 00:30:23,320 Speaker 1: the author of rat Fucked, Why Your Vote Doesn't Count. 611 00:30:23,920 --> 00:30:27,640 Speaker 3: Welcome back to Fast Politics, David, Oh, it's good to 612 00:30:27,640 --> 00:30:28,200 Speaker 3: be here, Molly. 613 00:30:28,560 --> 00:30:32,440 Speaker 1: Let's talk about rank choice voting. I still don't understand 614 00:30:32,440 --> 00:30:33,040 Speaker 1: how it works. 615 00:30:33,080 --> 00:30:33,760 Speaker 3: That's the truth. 616 00:30:33,840 --> 00:30:38,640 Speaker 1: Like I saw the election of Mary Paroda in Alaska 617 00:30:38,800 --> 00:30:43,320 Speaker 1: congresswoman for Alaska's one congressional seat Democrat one through ranked 618 00:30:43,360 --> 00:30:47,040 Speaker 1: choice voting. I saw we got Eric Adams. Nobody wanted 619 00:30:47,040 --> 00:30:50,760 Speaker 1: that through rank choice voting. But now we have mon Dannie, 620 00:30:50,840 --> 00:30:54,880 Speaker 1: who actually was leading in the polls and is reflective 621 00:30:55,280 --> 00:30:57,840 Speaker 1: of I think the voting. And this was after the 622 00:30:57,880 --> 00:31:01,040 Speaker 1: first round. So talk us through how rank choice voting 623 00:31:01,080 --> 00:31:01,960 Speaker 1: works place. 624 00:31:02,240 --> 00:31:06,240 Speaker 5: Sure, Absolutely, rank choice voting really is an effective tool 625 00:31:06,600 --> 00:31:10,200 Speaker 5: to give voters more power anytime there's a race with 626 00:31:10,600 --> 00:31:14,480 Speaker 5: more than two candidates, whenever there's two candidates, it's all 627 00:31:14,480 --> 00:31:17,560 Speaker 5: pretty easy, right, you pick one or the other. Somebody 628 00:31:17,640 --> 00:31:20,160 Speaker 5: usually wins more than fifty percent of the vote, unless 629 00:31:20,160 --> 00:31:22,600 Speaker 5: there's a right end or you know, something silly. But 630 00:31:22,640 --> 00:31:26,160 Speaker 5: whenever you have more than two candidates, you have the 631 00:31:26,160 --> 00:31:29,239 Speaker 5: possibility of a spoiler, You have the possibility of a 632 00:31:29,280 --> 00:31:34,760 Speaker 5: split field, you have the possibility of a non majority winner. 633 00:31:34,960 --> 00:31:38,520 Speaker 5: And that is, you know, not a great thing. What 634 00:31:38,600 --> 00:31:42,600 Speaker 5: it does is it takes choice that voters want right. 635 00:31:42,960 --> 00:31:46,240 Speaker 5: Voters want to have lots of candidates in a race. 636 00:31:46,280 --> 00:31:48,440 Speaker 5: They want to be able to choose. But when you 637 00:31:48,520 --> 00:31:52,160 Speaker 5: can only pick one, it makes your life as a 638 00:31:52,240 --> 00:31:57,440 Speaker 5: voter exceptionally complicated. Look at New York City yesterday, where 639 00:31:57,840 --> 00:32:02,640 Speaker 5: you had a field of eleven mayoral candidates. If you 640 00:32:03,040 --> 00:32:07,360 Speaker 5: want to vote for somebody who your favorite candidate might 641 00:32:07,400 --> 00:32:09,520 Speaker 5: be fourth or fifth in the polls, So then you 642 00:32:09,600 --> 00:32:11,720 Speaker 5: have to decide, well, is it okay for me to 643 00:32:11,800 --> 00:32:14,040 Speaker 5: vote for this person who's fourth or fifth? By doing so, 644 00:32:14,160 --> 00:32:16,840 Speaker 5: am I really electing the person I like the least. 645 00:32:17,080 --> 00:32:20,680 Speaker 5: It's an impossible situation to be in, and you run 646 00:32:20,720 --> 00:32:24,000 Speaker 5: the risk of somebody winning with thirty five percent of 647 00:32:24,000 --> 00:32:26,840 Speaker 5: the vote or even less who everyone does not want. 648 00:32:27,000 --> 00:32:29,120 Speaker 5: So with rank choice voting, what you get to do 649 00:32:29,280 --> 00:32:32,360 Speaker 5: is put your choices in order. Every race is a 650 00:32:32,360 --> 00:32:35,440 Speaker 5: little bit different. In New York yesterday, you were able 651 00:32:35,480 --> 00:32:39,320 Speaker 5: to select your top five and you're able to say, well, 652 00:32:39,480 --> 00:32:44,360 Speaker 5: I want this person first, this person second, this person third. 653 00:32:44,600 --> 00:32:47,840 Speaker 5: It's a pretty common intuitive thing for most of us. 654 00:32:47,960 --> 00:32:50,320 Speaker 5: We can look at a race with lots of people 655 00:32:50,560 --> 00:32:53,080 Speaker 5: and you know, imagine how it would play out. Who 656 00:32:53,080 --> 00:32:56,479 Speaker 5: we like, who we don't like. And it works as 657 00:32:56,520 --> 00:32:59,720 Speaker 5: simple as this. If somebody wins more than fifty percent 658 00:32:59,720 --> 00:33:03,400 Speaker 5: in the round, they win, just like any other election. 659 00:33:03,600 --> 00:33:05,920 Speaker 5: But if nobody wins fifty percent in the first round, 660 00:33:06,000 --> 00:33:10,280 Speaker 5: the bottom candidates are eliminated. And what happens then is 661 00:33:10,360 --> 00:33:14,000 Speaker 5: if your candidate is still alive, your vote stays with them. 662 00:33:14,160 --> 00:33:17,760 Speaker 5: If your candidate is knocked out, it moves to your second, 663 00:33:17,920 --> 00:33:22,800 Speaker 5: third choice, and so on. The runoff process continues until 664 00:33:22,920 --> 00:33:27,640 Speaker 5: there is a majority winner. Really, what OURCV does is 665 00:33:27,760 --> 00:33:31,719 Speaker 5: it creates a majority winner from a huge field and 666 00:33:31,840 --> 00:33:35,240 Speaker 5: empowers voters to turn choice into something positive. 667 00:33:35,520 --> 00:33:40,320 Speaker 1: Okay, so I want you to explain this rank choice 668 00:33:40,360 --> 00:33:43,920 Speaker 1: voting is supposed to And I say this because I 669 00:33:43,960 --> 00:33:49,720 Speaker 1: have really scrupulously avoided getting involved in the Democratic mayoral 670 00:33:49,800 --> 00:33:53,720 Speaker 1: primary for any number of reasons. But I'm curious ranked 671 00:33:53,760 --> 00:33:58,760 Speaker 1: choice voting it is advertised as electing the most centralized candidate. 672 00:33:59,000 --> 00:34:00,920 Speaker 1: Does that bear out from yesterday? 673 00:34:01,080 --> 00:34:03,160 Speaker 5: No, I don't think that's right. I don't think RCV 674 00:34:03,320 --> 00:34:06,760 Speaker 5: does elect the most centrist candidate. I think it elects 675 00:34:06,960 --> 00:34:11,400 Speaker 5: the candidate with the broadest and widest support. And sometimes 676 00:34:11,440 --> 00:34:14,840 Speaker 5: that might be a centrist. But sometimes what we saw 677 00:34:15,200 --> 00:34:19,000 Speaker 5: in New York yesterday is it's a thirty three year 678 00:34:19,000 --> 00:34:24,280 Speaker 5: old Democratic socialist who has majority support. I mean, OURCV 679 00:34:24,640 --> 00:34:28,359 Speaker 5: has been used in Virginia to elect Glenn Youngkin. It 680 00:34:28,360 --> 00:34:32,400 Speaker 5: has been used in Alaska to elect everyone from Mary 681 00:34:32,520 --> 00:34:36,799 Speaker 5: Peltola to Nick Beggish to Lisa Murkowski. What RCV does 682 00:34:36,840 --> 00:34:42,080 Speaker 5: is it creates a majority winner, and it encourages candidates 683 00:34:42,120 --> 00:34:47,080 Speaker 5: to run more unifying campaigns. I would say that instead 684 00:34:47,080 --> 00:34:50,239 Speaker 5: of electing a centrist, really, what RCV does is it 685 00:34:50,280 --> 00:34:53,600 Speaker 5: elects somebody who goes out and talks to everyone. It 686 00:34:53,680 --> 00:34:58,279 Speaker 5: sets up different campaign incentives. If you can win a 687 00:34:58,400 --> 00:35:01,680 Speaker 5: race with thirty out of the vote, like you could 688 00:35:01,760 --> 00:35:05,120 Speaker 5: have in New York City prior to our CV, then 689 00:35:05,160 --> 00:35:08,480 Speaker 5: the kind of race that Andrew Cuomo ran makes a 690 00:35:08,480 --> 00:35:09,240 Speaker 5: lot more sense. 691 00:35:09,400 --> 00:35:09,560 Speaker 1: Right. 692 00:35:09,640 --> 00:35:12,040 Speaker 5: He avoided the press, he avoided the public, He didn't 693 00:35:12,080 --> 00:35:14,320 Speaker 5: show up at a lot of panels to talk to people, 694 00:35:14,680 --> 00:35:17,879 Speaker 5: and he thought that his name recognition and money would 695 00:35:17,960 --> 00:35:20,920 Speaker 5: muscle him through to thirty eight or forty percent in 696 00:35:20,960 --> 00:35:24,600 Speaker 5: a divided field, and then you would have had a 697 00:35:24,640 --> 00:35:27,600 Speaker 5: mayoral nominee that sixty percent of people voted against, but 698 00:35:27,760 --> 00:35:32,279 Speaker 5: you would be the choice. Nevertheless, Mom Donnie campaigned in 699 00:35:32,320 --> 00:35:36,840 Speaker 5: a very different way right. He built bridges amongst the 700 00:35:37,120 --> 00:35:41,319 Speaker 5: entire left in liberal universe. He camp in with the 701 00:35:41,400 --> 00:35:46,839 Speaker 5: other candidates. You saw candidates campaigning together. You saw Mom 702 00:35:46,880 --> 00:35:51,960 Speaker 5: Donnie asking his supporters to help raise money for Adrian Adams. 703 00:35:52,400 --> 00:35:56,160 Speaker 5: You saw the alliances and the cross endorsements. When Mom 704 00:35:56,239 --> 00:36:00,160 Speaker 5: Donnie was at one percent in the polls back in March, 705 00:36:00,440 --> 00:36:04,160 Speaker 5: the Working Families Party, instead of endorsing one candidate and 706 00:36:04,239 --> 00:36:08,680 Speaker 5: coorinating somebody right, they endorsed a slate of four and 707 00:36:08,719 --> 00:36:12,160 Speaker 5: they allowed the campaign to play out. If there had 708 00:36:12,239 --> 00:36:15,759 Speaker 5: not been ranked choice voting, what you probably see in 709 00:36:15,800 --> 00:36:18,320 Speaker 5: New York City is that there would have been pressure 710 00:36:18,400 --> 00:36:21,000 Speaker 5: amongst the left liberal candidates to drop out of the 711 00:36:21,080 --> 00:36:25,240 Speaker 5: race to coalesce around one person, so that nobody spoiled 712 00:36:25,280 --> 00:36:28,880 Speaker 5: it or produced a winner with thirty five percent. Instead, 713 00:36:29,080 --> 00:36:32,759 Speaker 5: we got an actual campaign about actual issues. Nobody was 714 00:36:32,840 --> 00:36:35,399 Speaker 5: telling anyone to drop out of the race, and when 715 00:36:35,600 --> 00:36:39,200 Speaker 5: the actual issues were discussed and debated, you saw the 716 00:36:39,239 --> 00:36:42,600 Speaker 5: candidate at one percent catch fire. And the result is, 717 00:36:42,719 --> 00:36:44,240 Speaker 5: you know, a fairly seismic upset. 718 00:36:44,360 --> 00:36:47,000 Speaker 1: Yeah, you know, that's a really good point, and I 719 00:36:47,040 --> 00:36:49,880 Speaker 1: don't think I put that together. So what you're saying 720 00:36:50,040 --> 00:36:54,120 Speaker 1: is that rank choice voting means that it's not the 721 00:36:54,160 --> 00:36:58,200 Speaker 1: same kind of high stakes situation. So, for example, one 722 00:36:58,200 --> 00:37:01,440 Speaker 1: of the big problems we have in Congress, among other things, 723 00:37:01,560 --> 00:37:03,480 Speaker 1: and we have a lot of problems in Congress, and 724 00:37:03,560 --> 00:37:05,640 Speaker 1: I am here to tell you about them, but one 725 00:37:05,640 --> 00:37:07,919 Speaker 1: of the big problems we have in Congress is that 726 00:37:08,280 --> 00:37:11,640 Speaker 1: the name recognition does in fact muscle people through. 727 00:37:11,680 --> 00:37:13,320 Speaker 3: I'm thinking of Tom Taylis. 728 00:37:13,160 --> 00:37:16,479 Speaker 1: That you can sort of go for your forty one 729 00:37:16,600 --> 00:37:19,360 Speaker 1: percent or you're thirty nine percent, thirty nine and a 730 00:37:19,400 --> 00:37:23,080 Speaker 1: half percent, and with Democrats because they're polite and they 731 00:37:23,360 --> 00:37:26,080 Speaker 1: you know, if you're if you have seniority, you kind 732 00:37:26,080 --> 00:37:29,239 Speaker 1: of win because people you know. I mean, that's one 733 00:37:29,239 --> 00:37:31,560 Speaker 1: of the things that I've really been critical about in 734 00:37:32,040 --> 00:37:37,000 Speaker 1: for Democrats. So the thinking here is basically that because 735 00:37:37,400 --> 00:37:41,320 Speaker 1: you are ranking, you can keep a bigger field. 736 00:37:41,760 --> 00:37:44,440 Speaker 5: You can keep a bigger field, you give voters more choice. 737 00:37:44,520 --> 00:37:48,200 Speaker 5: There's less pressure on candidates not to jump into a primary, right. 738 00:37:48,280 --> 00:37:50,840 Speaker 5: I mean, in a race like New York yesterday, people 739 00:37:50,880 --> 00:37:53,840 Speaker 5: would have been telling a candidate like Mom Dannie to 740 00:37:54,440 --> 00:37:58,480 Speaker 5: wait his turn. Instead, he's able to run without any 741 00:37:58,520 --> 00:38:03,480 Speaker 5: fear of being a spoil, spoiler tracting from other progressives 742 00:38:03,600 --> 00:38:04,800 Speaker 5: or liberals. 743 00:38:04,680 --> 00:38:05,320 Speaker 3: In the race. 744 00:38:05,560 --> 00:38:08,000 Speaker 5: There's a lot of really good uses for this, and 745 00:38:08,040 --> 00:38:11,279 Speaker 5: I think what you've identified in Congress is really right 746 00:38:11,320 --> 00:38:15,279 Speaker 5: on right. What we've seen in Congress is because so 747 00:38:15,360 --> 00:38:18,280 Speaker 5: many districts, as we've talked about on the show before, 748 00:38:18,360 --> 00:38:21,040 Speaker 5: have been gerrymandered so that one side or the other 749 00:38:21,520 --> 00:38:25,239 Speaker 5: wins in a lopsided fashion. The only competition for these 750 00:38:25,280 --> 00:38:29,040 Speaker 5: seats is in partisan primaries, and so what you often 751 00:38:29,080 --> 00:38:34,800 Speaker 5: get is a low turnout summer election that effectively determines 752 00:38:34,880 --> 00:38:38,480 Speaker 5: the race for everybody, because the winner of the primary 753 00:38:38,640 --> 00:38:42,160 Speaker 5: goes on guaranteed to November, and that is how you 754 00:38:42,320 --> 00:38:46,239 Speaker 5: end up with some of the most polarizing figures in Congress. 755 00:38:45,880 --> 00:38:48,040 Speaker 3: Right a Marcherie Taylor Grand They. 756 00:38:47,960 --> 00:38:51,520 Speaker 5: Won primaries with thirty five thirty six percent of the vote, 757 00:38:51,760 --> 00:38:54,399 Speaker 5: and then, because the district was so wired one way 758 00:38:54,480 --> 00:38:57,319 Speaker 5: or the other, they are effectively locked into a race. 759 00:38:57,520 --> 00:39:00,640 Speaker 5: And then because of the power of incumbency and name recognition, 760 00:39:00,680 --> 00:39:03,200 Speaker 5: they can hold on to it forever. Ranked voice voting 761 00:39:03,360 --> 00:39:07,600 Speaker 5: is an especially useful tool in party primaries, you know, 762 00:39:07,680 --> 00:39:11,160 Speaker 5: as it is in general elections, but really truly in 763 00:39:11,239 --> 00:39:15,080 Speaker 5: party primaries where eleven or twelve people are seeking the 764 00:39:15,120 --> 00:39:18,480 Speaker 5: same seat and somebody can win with a tiny plurality 765 00:39:18,520 --> 00:39:21,279 Speaker 5: of the vote, it's better for parties and it's better 766 00:39:21,320 --> 00:39:23,120 Speaker 5: for voters to use our CV. 767 00:39:23,640 --> 00:39:28,000 Speaker 3: So where is our CV in getting adapted? Too different? 768 00:39:28,160 --> 00:39:32,160 Speaker 1: I mean, what, first of all, the pushback on it? It's interesting, 769 00:39:32,200 --> 00:39:33,960 Speaker 1: So Virginia has our CV. 770 00:39:34,600 --> 00:39:38,720 Speaker 5: Virginia Republicans have used our CV in their primaries. Wow, 771 00:39:38,960 --> 00:39:40,839 Speaker 5: that's wild, isn't it? 772 00:39:40,920 --> 00:39:41,120 Speaker 2: Right? 773 00:39:41,239 --> 00:39:43,840 Speaker 1: First of all, why have Virginia Republicans used it in 774 00:39:43,840 --> 00:39:48,120 Speaker 1: their primaries? Because I don't think of Republicans as and 775 00:39:48,200 --> 00:39:52,040 Speaker 1: May also has it, and Alaska, So explain to us 776 00:39:52,080 --> 00:39:54,760 Speaker 1: sort of how this gets adapted, and how this doesn't 777 00:39:54,760 --> 00:39:57,480 Speaker 1: get adapted, and what this looks like now, and why 778 00:39:57,520 --> 00:39:59,480 Speaker 1: did Republicans pick it in Virginia. 779 00:39:59,600 --> 00:40:02,759 Speaker 5: Republic in Virginia picked it because they were looking at 780 00:40:02,880 --> 00:40:05,200 Speaker 5: a primary for governor in twenty twenty one that was 781 00:40:05,239 --> 00:40:07,879 Speaker 5: going to have four or five candidates in it, and 782 00:40:08,280 --> 00:40:12,160 Speaker 5: everybody was from a different ideological lane. Everybody was at 783 00:40:12,160 --> 00:40:16,160 Speaker 5: each other's throats, and they realized that OURCV would create 784 00:40:16,200 --> 00:40:19,080 Speaker 5: a different kind of race, that it would create a 785 00:40:19,200 --> 00:40:22,280 Speaker 5: race in which the candidate with the broadest and deepest 786 00:40:22,480 --> 00:40:26,400 Speaker 5: support one and it would be more unifying. 787 00:40:26,680 --> 00:40:28,520 Speaker 4: You saw this in New York City yesterday. 788 00:40:28,200 --> 00:40:31,960 Speaker 5: As well, right that Andrew Cuomo conceded that race, you know, 789 00:40:32,040 --> 00:40:34,279 Speaker 5: on day one, and we will see if he runs 790 00:40:34,280 --> 00:40:37,719 Speaker 5: as an independent or not. But it doesn't look off 791 00:40:37,760 --> 00:40:40,600 Speaker 5: of his statements yesterday that he's inclined to do so. 792 00:40:40,600 --> 00:40:44,160 Speaker 5: So you end up without the kind of nastiness and 793 00:40:44,280 --> 00:40:48,280 Speaker 5: bitterness that you have in a typical intra party primary. 794 00:40:48,400 --> 00:40:51,319 Speaker 5: What you would have had in Virginia in twenty twenty one, 795 00:40:51,680 --> 00:40:53,520 Speaker 5: what you would have had in New York over the 796 00:40:53,560 --> 00:40:56,279 Speaker 5: last couple of months, would have been candidates at each 797 00:40:56,320 --> 00:41:01,160 Speaker 5: other's throats, going deeply negative, essentially the other side talking 798 00:41:01,200 --> 00:41:04,440 Speaker 5: points or the fault to use against them, and just 799 00:41:04,600 --> 00:41:07,320 Speaker 5: you know, in general bitterness and anger inside the party. 800 00:41:07,360 --> 00:41:10,640 Speaker 5: Oh well, that that person took a nomination for right, but. 801 00:41:10,680 --> 00:41:14,880 Speaker 1: That doesn't happen because you want to be ranked even 802 00:41:14,960 --> 00:41:16,440 Speaker 1: if you're not the first choice. 803 00:41:16,600 --> 00:41:18,040 Speaker 3: Oh that's really interesting. 804 00:41:18,680 --> 00:41:22,080 Speaker 5: You're less likely to go nuclear on the other folks, right. 805 00:41:22,120 --> 00:41:26,520 Speaker 5: I mean, if New York City was using a traditional 806 00:41:26,680 --> 00:41:30,200 Speaker 5: old school runoff, what you would have seen is all 807 00:41:30,280 --> 00:41:35,040 Speaker 5: of the Liberals fighting to be the second person going 808 00:41:35,160 --> 00:41:39,080 Speaker 5: up against Cuomo. Instead of campaigning together and finding common 809 00:41:39,120 --> 00:41:42,400 Speaker 5: ground with each other and showing up after Brad Lander 810 00:41:42,520 --> 00:41:46,080 Speaker 5: is arrested, they would have been at each other's throats, 811 00:41:46,080 --> 00:41:48,640 Speaker 5: and the Left in New York City would not have 812 00:41:48,640 --> 00:41:52,520 Speaker 5: been unified at all heading into this campaign. Instead, it's 813 00:41:52,600 --> 00:41:58,120 Speaker 5: a completely different race. Virginia Republicans say the exact same thing, 814 00:41:58,440 --> 00:42:01,719 Speaker 5: that they were able to produce a nominee. Nobody could 815 00:42:01,800 --> 00:42:05,040 Speaker 5: argue it because there was much more than fifty percent, 816 00:42:05,239 --> 00:42:08,759 Speaker 5: and they headed into the fall and they beat Terry mccauliffe, right, 817 00:42:08,800 --> 00:42:12,400 Speaker 5: they pulled off an upset nobody imagine you can compare 818 00:42:12,440 --> 00:42:15,480 Speaker 5: that to what happened in New Jersey's governor primary a 819 00:42:15,480 --> 00:42:18,040 Speaker 5: couple of weeks ago, right in which you had Mickey 820 00:42:18,120 --> 00:42:20,720 Speaker 5: Cheryl win that race, but with about thirty three thirty 821 00:42:20,760 --> 00:42:26,280 Speaker 5: four percent from a highly contested primary. Everybody went deeply 822 00:42:26,400 --> 00:42:30,440 Speaker 5: negative on each other for a weeks and weeks handed 823 00:42:30,920 --> 00:42:34,840 Speaker 5: Republicans talking points for the fall. New Jersey to be 824 00:42:34,840 --> 00:42:37,719 Speaker 5: a pretty safe state for Democrats, but Republicans set some 825 00:42:37,760 --> 00:42:40,600 Speaker 5: blood in the water. There's a lot of money in there. 826 00:42:40,920 --> 00:42:44,479 Speaker 5: Wouldn't it be better if for the Democrats if they 827 00:42:45,040 --> 00:42:47,640 Speaker 5: had come together around a nominee and they were using 828 00:42:47,719 --> 00:42:50,480 Speaker 5: these months to go after the other side rather than 829 00:42:50,680 --> 00:42:52,360 Speaker 5: try to heal those wounds internally. 830 00:42:52,440 --> 00:42:54,200 Speaker 3: Yeah, why don't we do that? 831 00:42:54,760 --> 00:42:54,920 Speaker 4: Well? 832 00:42:54,960 --> 00:42:57,400 Speaker 5: I think we should, And I think what we're seeing 833 00:42:57,480 --> 00:43:00,640 Speaker 5: is more and more states and localities understand and the 834 00:43:00,680 --> 00:43:03,759 Speaker 5: benefits of this as more and more voters use it 835 00:43:03,840 --> 00:43:07,160 Speaker 5: and like it. There was a Common Cause pull back 836 00:43:07,160 --> 00:43:09,359 Speaker 5: in twenty twenty one in New York that shows something 837 00:43:09,440 --> 00:43:12,719 Speaker 5: like ninety one percent of voters found it easy to 838 00:43:12,840 --> 00:43:15,759 Speaker 5: use and liked it. I think that voters are going 839 00:43:15,800 --> 00:43:18,920 Speaker 5: to say, why don't we get to use this as well? 840 00:43:19,400 --> 00:43:22,359 Speaker 5: And why can't we use it? In every campaign. We're 841 00:43:22,360 --> 00:43:24,399 Speaker 5: going to be heading towards right a twenty twenty eight 842 00:43:24,960 --> 00:43:29,000 Speaker 5: presidential primary season sooner than anybody realizes, right, and there 843 00:43:29,040 --> 00:43:33,040 Speaker 5: could be huge fields on both sides. You had twenty 844 00:43:33,080 --> 00:43:36,319 Speaker 5: five Democrats back in twenty twenty four, seventeen Republicans back 845 00:43:36,360 --> 00:43:39,719 Speaker 5: in twenty sixteen. Imagine what an open race on both 846 00:43:39,760 --> 00:43:43,520 Speaker 5: sides brings out. And we could again see you know, 847 00:43:43,840 --> 00:43:48,239 Speaker 5: non majority nominees coming out, the kinds of choices Americans 848 00:43:48,280 --> 00:43:53,000 Speaker 5: get end up being being weakened. And you know, I mean, 849 00:43:53,239 --> 00:43:54,680 Speaker 5: all you have to do is look back at twenty 850 00:43:54,680 --> 00:43:57,839 Speaker 5: twenty in the Democratic primary, right, all those candidates, all 851 00:43:57,880 --> 00:44:01,760 Speaker 5: of them fighting with each other, elbowing each other out. 852 00:44:01,560 --> 00:44:06,000 Speaker 3: Of providing for child that he is still using. 853 00:44:06,239 --> 00:44:09,719 Speaker 5: Right, right, when Harris goes after Biden on bussing in 854 00:44:09,760 --> 00:44:14,080 Speaker 5: the twenty twenty Democratic debates, that's still a moment that 855 00:44:14,239 --> 00:44:18,120 Speaker 5: Republicans were using against her in the twenty for election. 856 00:44:18,440 --> 00:44:23,000 Speaker 1: Yeah, I mean, a very good and salient point. Right now, 857 00:44:23,160 --> 00:44:25,280 Speaker 1: where is rank choice voting? 858 00:44:25,560 --> 00:44:28,560 Speaker 5: Rank choice voting is being used right now in Maine, 859 00:44:28,600 --> 00:44:32,960 Speaker 5: It's being used in Alaska, it is being used in 860 00:44:33,120 --> 00:44:37,680 Speaker 5: a number of cities nationwide. Whether it's New York, big 861 00:44:37,680 --> 00:44:42,000 Speaker 5: cities in Minnesota, big cities in California, Oakland, San Francisco. 862 00:44:42,520 --> 00:44:46,360 Speaker 5: But it is also being really widely used across Utah. 863 00:44:46,640 --> 00:44:49,200 Speaker 5: So it is happening in red states, it's happening in 864 00:44:49,239 --> 00:44:51,759 Speaker 5: blue states, it's happening in purple states. There is an 865 00:44:51,800 --> 00:44:56,160 Speaker 5: awful lot of momentum around this because voters recognize it 866 00:44:56,360 --> 00:45:00,800 Speaker 5: as a tool that delivers them something they really want, 867 00:45:01,200 --> 00:45:07,319 Speaker 5: more choice, but also ensures that that choice doesn't become complicated, 868 00:45:07,360 --> 00:45:13,000 Speaker 5: and it guarantees a majority winner. So it encourages bigger, broader, 869 00:45:13,680 --> 00:45:17,960 Speaker 5: more issue based campaigns. And what we see is everywhere 870 00:45:17,960 --> 00:45:21,319 Speaker 5: it's being used, voters like it, want to expand it, 871 00:45:21,480 --> 00:45:24,520 Speaker 5: and I think we're going to continue to see even 872 00:45:24,560 --> 00:45:25,040 Speaker 5: more of them. 873 00:45:25,400 --> 00:45:28,520 Speaker 3: Thank you, thank you, thank you, David, thank you, Molly. 874 00:45:31,120 --> 00:45:32,879 Speaker 3: A moment. 875 00:45:34,560 --> 00:45:39,560 Speaker 2: Jesse Cannon Bally, a whistleblower, is alleging that Trump's DOJ 876 00:45:39,840 --> 00:45:43,400 Speaker 2: told lawyers to disobey court orders. And you'll be really 877 00:45:43,440 --> 00:45:47,360 Speaker 2: shocked to hear this about who was leading that charge, 878 00:45:47,080 --> 00:45:53,120 Speaker 2: amulbo Yes, well, Bali, could you catch the listeners up 879 00:45:53,160 --> 00:45:56,000 Speaker 2: For those who forget this fellow's name, war per ops 880 00:45:56,000 --> 00:45:59,120 Speaker 2: confuse him with like a guy with a creole restaurant 881 00:45:59,120 --> 00:46:00,000 Speaker 2: in New Orleans or something. 882 00:46:00,160 --> 00:46:05,480 Speaker 3: Thing Bove is bad, Bov is real bad. 883 00:46:05,719 --> 00:46:09,480 Speaker 1: So, by the way, so Bob is up for a judgeship. 884 00:46:09,840 --> 00:46:12,120 Speaker 1: And that's why some of this is coming out. This 885 00:46:12,200 --> 00:46:16,080 Speaker 1: whistleblower who was fired by both for refusing to do 886 00:46:16,160 --> 00:46:19,080 Speaker 1: some of this stuff he wanted. So the guy who 887 00:46:19,200 --> 00:46:23,279 Speaker 1: was fired was a career a justice partman lawyer who 888 00:46:23,320 --> 00:46:26,120 Speaker 1: was fired fired after truthfully staying in court that the 889 00:46:26,120 --> 00:46:31,719 Speaker 1: administration had wrongfully removed Kilmar Albrego Garcia. You'll remember him 890 00:46:31,800 --> 00:46:35,840 Speaker 1: from earlier this season when he was deported to Seacott 891 00:46:36,160 --> 00:46:39,160 Speaker 1: and then the Trump administration said they couldn't find him, 892 00:46:39,160 --> 00:46:40,920 Speaker 1: and then they said they wouldn't bring him back, and 893 00:46:40,960 --> 00:46:42,480 Speaker 1: then they said, by the way, I just want to 894 00:46:42,520 --> 00:46:45,960 Speaker 1: point out they're spending so much money and time on 895 00:46:45,960 --> 00:46:51,360 Speaker 1: one person, like even just besides the moral and ethical 896 00:46:51,440 --> 00:46:56,160 Speaker 1: implications of just deporting people because they have they look 897 00:46:56,320 --> 00:46:59,680 Speaker 1: like a race you're mad at. Even despite the moracle 898 00:47:00,239 --> 00:47:04,240 Speaker 1: and ethical issues here, it's just a stupid fucking waste 899 00:47:04,239 --> 00:47:08,080 Speaker 1: of time, right, I mean, this guy, it would it's 900 00:47:08,200 --> 00:47:11,480 Speaker 1: just I mean, it's you know, millions of dollars being 901 00:47:11,520 --> 00:47:15,000 Speaker 1: spent on this guy, and it's just insane anyway. So 902 00:47:15,600 --> 00:47:18,160 Speaker 1: Bob Trump has nominated him for a seat on the 903 00:47:18,280 --> 00:47:21,360 Speaker 1: US Court of Appeals for the Third Circuit. And now 904 00:47:21,400 --> 00:47:25,319 Speaker 1: we have this whistleblower who's coming out and saying that 905 00:47:25,880 --> 00:47:30,040 Speaker 1: Bob said things like we might need to consider telling 906 00:47:30,080 --> 00:47:33,240 Speaker 1: the courts to fuck you and ignore any court order. 907 00:47:33,360 --> 00:47:36,160 Speaker 1: I mean, look, we know this was going on behind 908 00:47:36,160 --> 00:47:39,480 Speaker 1: the scenes, but it's certainly nice to have someone report it. 909 00:47:39,920 --> 00:47:43,360 Speaker 1: Todd Blanche, She'll remember Todd Blanche. He's the deputy Attorney 910 00:47:43,480 --> 00:47:47,320 Speaker 1: general and he was also Donald Trump's criminal lawyer, because 911 00:47:47,360 --> 00:47:50,040 Speaker 1: Donald Trump only knows four people. The New York Times 912 00:47:50,080 --> 00:47:56,439 Speaker 1: article describes falsehoods purportedly made by a disgruntled former employee 913 00:47:56,840 --> 00:48:01,520 Speaker 1: and elite to the press in a violation of ethical obligations. 914 00:48:01,600 --> 00:48:05,919 Speaker 1: Says Blanche, he actually wrote that on Twitter. Again. Obviously 915 00:48:06,360 --> 00:48:10,520 Speaker 1: both did this. Obviously Todd Blanche is lying. Has anyone 916 00:48:10,600 --> 00:48:13,080 Speaker 1: seen this White House? You know? If it's anything like 917 00:48:13,400 --> 00:48:16,480 Speaker 1: one point, Oh, they're going to be a bazillion memoirs 918 00:48:16,520 --> 00:48:20,920 Speaker 1: of people who tried to work in the White House 919 00:48:21,080 --> 00:48:25,920 Speaker 1: and got traumatized by Trump. I mean, I can't believe 920 00:48:25,920 --> 00:48:31,200 Speaker 1: we're still fucking covering this. That's it for this episode 921 00:48:31,280 --> 00:48:37,360 Speaker 1: of Fast Politics. Tune in every Monday, Wednesday, Thursday, and 922 00:48:37,640 --> 00:48:41,640 Speaker 1: Saturday to hear the best minds and politics make sense 923 00:48:41,640 --> 00:48:46,040 Speaker 1: of all this chaos. If you enjoy this podcast, please 924 00:48:46,040 --> 00:48:49,080 Speaker 1: send it to a friend and keep the conversation going. 925 00:48:49,560 --> 00:48:50,680 Speaker 3: Thanks for listening.