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Speaker 1: Cable news is ripping us apart, dividing the nation, making

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Speaker 1: it impossible to function as a society and to know

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Speaker 1: what is true and what is false. The good news

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Speaker 1: is that they're failing and they know it. That is

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Speaker 1: why we're building something new. Be part of creating a new, better, healthier,

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Speaker 1: and more trustworthy mainstream by becoming a Breaking Points Premium

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Speaker 1: member today at breakingpoints dot com. Your hard earned money

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Speaker 1: is going to help us build for the midterms and

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Speaker 1: the upcoming presidential election so we can provide unparalleled coverage

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Speaker 1: of what is sure to be one of the most

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Speaker 1: pivotal moments in American history. So what are you waiting for?

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Speaker 1: Go to Breakingpoints dot com to help us out. Good morning, everybody,

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

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Speaker 1: We have Crystal Indeed, we do big, big developments in

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Speaker 1: Russia's war against Ukraine over the weekend. That Ukrainian counteroffensive

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Speaker 1: highly effective, stunning, shocking on so big moves there will

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Speaker 1: tell you all about that. Also, new indications from the

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Speaker 1: Fed they are going to continue their aggressive move of

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Speaker 1: hiking interest rates. That comes in spite of the fact

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Speaker 1: that one of their own economists is warning that their

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Speaker 1: moves could cause a severe recession, so important to follow

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Speaker 1: that as well. New developments in the midterms Republicans realizing

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Speaker 1: that their original strategy of hey, let's just talk about

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Speaker 1: inflation is not landing the way that it once was,

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Speaker 1: especially now that gas prices look they're still high, but

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Speaker 1: they have come down quite significantly since June. We also

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Speaker 1: have some new legal developments for former President Trump now

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Speaker 1: his and we've covered this from the beginning his Save

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Speaker 1: America pack, which was all about We're going to stop

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Speaker 1: the steal. And he raised like one hundred and fifty

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Speaker 1: million dollars or something for that, and then they spent

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Speaker 1: none of it on any like hardly any of it

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Speaker 1: on any election related activities. That is coming under scrutiny

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Speaker 1: now by a DC grand jury as well, so we've

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Speaker 1: got the details of that. The same time, we do

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Speaker 1: not want to lose sight of the fact that in Jackson, Mississippi,

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Speaker 1: residents still cannot drink the water. They are still under

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Speaker 1: a boil advisory. The mainstream media is already losing interest

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Speaker 1: in the story, but some new stunning pictures coming out

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Speaker 1: of Jackson, as well as a federal investigation into exactly

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Speaker 1: what the hell is going on there? Yesterday, as you

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Speaker 1: guys know, was nine to eleven. We've got some clips

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Speaker 1: from just before the planes hit the Twin Towers and

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Speaker 1: the Pentagon, just to remember what it was like before

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Speaker 1: that moment, the way that nine to eleven turned everything

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Speaker 1: upside down. The trajectory's been on since then. So a

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Speaker 1: little bit of reflection we're going to do there. Jeff

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Speaker 1: Stein is going to join us to talk about the

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Speaker 1: legal effort to overturn Biden's student loan debt relief action.

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Speaker 1: But we've got a couple announcements to start off. First

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Speaker 1: of all, as you guys know, we are right now

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Speaker 1: offering a discount if you subscribe annual membership. Let's go

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Speaker 1: and put this up on the screen. You guys know,

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Speaker 1: we're launching Counterpoints this week on Friday. Super excited about that.

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Speaker 1: Ryan and Emily they're ready to go. So there's the

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Speaker 1: Counterpoints graphic. And to help us continue to build, we

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Speaker 1: are giving a ten percent off discount if you sign

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Speaker 1: up as an annual member. That's right, We've got the

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Speaker 1: annual membership. Thank you to all of those who have

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Speaker 1: already signed up. Really really helping financial planning for the

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Speaker 1: show to be able to hire that new person as

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Speaker 1: we sift three hundreds of resumes. Thank you to everybody

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Speaker 1: who is the five time. Yeah, you're gonna have to

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Speaker 1: give us a small operation here, but listen, it's fun

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Speaker 1: to be nimble and it's fun to be able to

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Speaker 1: plan properly, So thank you all so much. You're also

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Speaker 1: enabling us really to continue the expansion in order to

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Speaker 1: fun studio updates also coming for everyone. Yeah, number two

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Speaker 1: as promised, the next date can finally be announced. Let's

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Speaker 1: put it up there on the screen. Chicago, Illinois, October fifteenth.

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Speaker 1: Tickets are on sale right now for premium subscribers. It

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Speaker 1: will be that way until Friday when they go on

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Speaker 1: sale to the general public. So once again, if you

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Speaker 1: want to be a premium subscriber you want access to

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Speaker 1: the pre sale, you can go ahead and sign up

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Speaker 1: now and you'll have a link for you you where

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Speaker 1: you can buy early tickets now. As previously promised, for

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Speaker 1: the lifetime members in the Midwest, you can go ahead

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Speaker 1: and buy tickets, reserve your spot, and then you go

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Speaker 1: ahead you forward us your receipt it will be refunded

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Speaker 1: in full. By the way, Atlantis Lifetime people. That refund

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Speaker 1: will be coming sometime this week on your credit card

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Speaker 1: that you use to sign up. So as promised, we're

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Speaker 1: people of our word, so Lifetime subs, as we recall,

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Speaker 1: they have absolute access to any show that they want,

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Speaker 1: guaranteed VIP tickets. Go ahead and purchase yours, just send

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Speaker 1: us a receipt. It will be refunded. Thank you to

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Speaker 1: all of you. You guys are really the ones who

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Speaker 1: got us off the ground. Yeah, absolutely, no question. Kind

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Speaker 1: of a big week for us. Here's a huge week.

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Speaker 1: We got counterpoints that we're coming to it Atlanta, We're

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Speaker 1: going to Chicago. Also on Chicago. So after much planning

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Speaker 1: all of that, we looked at the dates, the financial

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Speaker 1: viability of all this. Chicago is really going to be

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Speaker 1: Midwest area and the surrounding states and all that, the

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Speaker 1: likelihood is that this is probably the only place that

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Speaker 1: we're coming that will be close to you, So please

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Speaker 1: go ahead and purchase those tickets if you're anywhere in

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Speaker 1: the area, make arrangements all of that. As previously promised,

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Speaker 1: we will do some research as to what to do

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Speaker 1: in the Chicago area, as people did for us in Atlanta.

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Speaker 1: I've never been to Chicago actually, so yeah, so you guys,

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Speaker 1: I have been to Chicago. I actually like Chicago a lot,

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Speaker 1: in spite of the you know, very very cold in winter.

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Speaker 1: Too cold for me. I'm just looking on yet the cold,

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Speaker 1: and you're more tolerant of the heat. I don't actually

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Speaker 1: mind like hard winters. You just got the right. We'll

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Speaker 1: check it out. I'll get one of those Canada goose

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Speaker 1: things everybody has around here, and I'll show up in

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Speaker 1: a park in October. What is it? Yeah, what is

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Speaker 1: it going to be like in Chicago? And so let

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Speaker 1: us know it could be anything, all right. So yeah,

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Speaker 1: if you guys have some suggestions for us, we always

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Speaker 1: appreciate those. Okay, with all of that out of the way, Saga,

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Speaker 1: what's going on in Ukraine? Let's start with ukraine stunning development.

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Speaker 1: So we brought everybody the news on Thursday. There was

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Speaker 1: an initial campaign in which Ukraine seemed to be suffering

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Speaker 1: some pretty major losses. Now it turns out that that

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Speaker 1: and what has now resulted in a absolutely stunning victory

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Speaker 1: on the part of the Ukrainian forces and a humiliating

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Speaker 1: defeat on the battlefield so far for the Russians. Go

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Speaker 1: and put this up there on the screen. I chose

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Speaker 1: the most complicated map that I could possibly find because

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Speaker 1: all of my research, I think actually just looking at

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Speaker 1: it from a territorial perspective doesn't really convey just how

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Speaker 1: complicated and really sophisticated the attack was by Ukrainian forces.

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Speaker 1: I'm gonna have a link down to this tweet in

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Speaker 1: the description so everybody can go and look at it

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Speaker 1: for themselves. It has the exact units, the exact forces,

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Speaker 1: where the attacks occurred, and all that. But the top line,

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Speaker 1: here's what you need to know. Now. According to the

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Speaker 1: Ukrainian military forces, they have seized three thousand square kilometers

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Speaker 1: of territory. For those who are wondering, that's about one thousand,

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Speaker 1: one hundred square miles. Again, that is coming from the

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Speaker 1: Ukrainian Military Defense Forces, so not exactly one hundred percent reliable. Now.

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Speaker 1: What we do know though, in terms of of what's

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Speaker 1: actually happened on the ground is the Ukrainians have obviously

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Speaker 1: seized major towns and areas in the quote Kharkiv Oblast

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Speaker 1: oblast being region in Ukraine. The reason that this matters

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Speaker 1: is that that oblast really was serving as the jump

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Speaker 1: off point for future Russian operations. The fact that the

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Speaker 1: Ukrainians were able to take and seize so much territory

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Speaker 1: so quickly, only in a couple of days. One of

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Speaker 1: the things I mentioned our last show is they really

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Speaker 1: don't have that long and that's something that Zelenski himself

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Speaker 1: acknowledged ahead of the fighting season, is that by reclaiming

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Speaker 1: this Kharkiv Oblast, they have retaken and push back Russian

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Speaker 1: defense lines away from a potential jump off point that

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Speaker 1: they could use in order to seize full military control

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Speaker 1: of the entire eastern dun Bosson La Hunt's region. So

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Speaker 1: everything that I've read so far on this is that

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Speaker 1: it really is a stunning advance in combined arms operations

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Speaker 1: and in maneuver warfare. Reminds actually a lot of people

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Speaker 1: of the nineteen seventy three Israeli push in the Yam

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Speaker 1: Kapor War. It also reminds us the tank is still

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Speaker 1: very very useful in warfare. Geeks like myself are very

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Speaker 1: interested in that watching it see be very effective let's

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Speaker 1: s the next one up there on the screen, which

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Speaker 1: is that the Ukrainian Army is saying that it has

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Speaker 1: essentially tripled the retaken area just in the last three days,

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Speaker 1: so forty eight hours. You know, thousands of square kilometers

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Speaker 1: eleven hundred square miles of territory gained. Now, of course,

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Speaker 1: you know all news organizations, including US, have to make

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Speaker 1: the caveat We cannot verify the Ukrainian figures. What we

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Speaker 1: can verify is that even the Russians are claiming that

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Speaker 1: they have had to pull back, they have confirmed they've

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Speaker 1: pulled back their defensive lines. And the reason why that

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Speaker 1: these particular towns mattered so much is they were major

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Speaker 1: hubs for supply lines, and really what we're seeing is

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Speaker 1: a humiliating crumble for the Russian defenses and their inability

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Speaker 1: both to solidify supply lines. Some of the videos that

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Speaker 1: are coming out here are stunning for a great power military.

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Speaker 1: You're seeing tanks straight up abandoned and unsupplied, with no gas,

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Speaker 1: no maintenance. I mean, clearly, this is this is unprecedented

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Speaker 1: for a great power military to show such basic incompetence

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Speaker 1: in shoring up your supply lines, shoring up your defenses.

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Speaker 1: And look, I mean there's no doubt about it, the

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Speaker 1: Ukrainians would not be able to do this out with

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Speaker 1: the United States without US provided weaponry and all of that.

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Speaker 1: But this is just not supposed to happen in the

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Speaker 1: annals of great power war. To watch it is just

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Speaker 1: I mean stunning. There's barely words to describe what's happening

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Speaker 1: right now. That's right. What military expert said that this

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Speaker 1: advance from Ukraine marks the first time since World War

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Speaker 1: Two that whole Russian units have been lost. That gives

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Speaker 1: you a sense of the scale of the defeat here.

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Speaker 1: And I mean, first of all, it's incredibly humiliating for Russia.

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Speaker 1: It's incredibly humiliating for Putin. They are even you know,

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Speaker 1: in Russian state media having to acknowledge that there were

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Speaker 1: defeats that they had to retreat. I mean, they put

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Speaker 1: a spin on it like where we're we're gathering for

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Speaker 1: the next defensive. But some of the images that are

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Speaker 1: coming out too, and some of the reports say, you know,

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Speaker 1: these Russian soldiers are right away they literally were like

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Speaker 1: dropping their rifles, running, taking civilian clothes from the local

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Speaker 1: residents and stealing their bicycles to try to escape. So

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Speaker 1: this was not like some you know, organized retreat. Even

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Speaker 1: this was everybody like fleeing for their lives, is at

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Speaker 1: least what the reports coming out are. And we're going

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Speaker 1: to talk a little bit about how even the sort

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Speaker 1: of like hard right ultra nationals Russian bloggers are melting

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Speaker 1: down over this, which puts a lot of pressure on

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Speaker 1: Putin domestically as well. And we've always talked about how,

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Speaker 1: you know, as hawkish as Putin is, there is a

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Speaker 1: much more hawkish contingent in the Russian body politic and

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Speaker 1: also within the Kremlin to keep an eye on as well.

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Speaker 1: So as important as this is for Ukrainian morale, that's

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Speaker 1: you know, really significant. We had said before that this

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Speaker 1: was kind of Zelenski's put up for shut up moment,

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Speaker 1: the winner is coming if they were going to be

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Speaker 1: able to make any significant advance and says back into

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Speaker 1: the territory that had been that had been taken by Russia,

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Speaker 1: this was really the time to do it. While they

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Speaker 1: showed they could do that, and you know that allows

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Speaker 1: them to go and make the case to US and

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Speaker 1: other European allies, Hey, look what we can do when

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Speaker 1: you give us the weapons, we are able to make advances,

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Speaker 1: we can win this war. So for Zelensky and the

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Speaker 1: Ukrainian's incredible morale boost, incredible sort of like tactical strategic

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Speaker 1: boost in terms of putin, this is really a difficult

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Speaker 1: moment for him because they're in the exact opposite position. Remember,

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Speaker 1: he really thought at the beginning of this thing that

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Speaker 1: they could wage this war without the Russian population really

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Speaker 1: being taxed or stretched or really feeling it. And so

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Speaker 1: as this was all going on, they were having these

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Speaker 1: big celebrations in Moscow, trying to pretend like life was

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Speaker 1: going on as normal, big fireworks display, and there even

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Speaker 1: some people were saying, like this fireworks display looks like

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Speaker 1: you're celebrating the Ukrainian military given the day that it's coming.

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Speaker 1: So it's becoming increasingly untenable for him to be able

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Speaker 1: to continue to prosecute this war without a broader national mobilization,

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Speaker 1: which by the way, is exactly what the hard right

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Speaker 1: factions are pushing for. So it really is a difficult

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Speaker 1: position that he's in right now, and it sort of

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Speaker 1: undermines his whole project and branding effort that he's set

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Speaker 1: up over decades now to portray himself as this tough

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Speaker 1: minded leader and this strategic genius as they have these

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Speaker 1: incredibly embarrassing defeats. Now, let's be clear, Russia still holds

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Speaker 1: a lot more territory than they did before this invasion.

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Speaker 1: There is a lot more that the Ukrainian military would

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Speaker 1: have to do to push them back to the February

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Speaker 1: twenty fourth lines let alone back to you all the

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Speaker 1: way out of the original Ukrainian territory. But in terms

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Speaker 1: of when this is coming in the overall context, it's

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Speaker 1: hard to understate just how significant it is. Right, and

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Speaker 1: Zelenski also casting everything in terms of the winter. Let's

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Speaker 1: put this up there. In his Saturday address, he said

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Speaker 1: that the harsh winter will determine the fate of Ukrainian independence,

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Speaker 1: that the country's fate lies on what happens in the

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Speaker 1: next couple of months. They said, this is the most

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Speaker 1: difficult winter for the world. Russia is doing everything in

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Speaker 1: ninety days of this winter to break the resistance of Ukraine,

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Speaker 1: the resistance of Europe, because this is what Russia hopes for.

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Speaker 1: This is its last argument. These ninety days ahead will

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Speaker 1: decide more than thirty years of Ukraine's independence ninety days.

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Speaker 1: That will decide more than all the years of existence

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Speaker 1: of the European Union. Winter will determine our future casting

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Speaker 1: it very much, as you know, really the decisive point.

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Speaker 1: Winter is coming. Listen. I mean if I live there,

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Speaker 1: I would think of the same thing. It's a tough

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Speaker 1: winter out there, absolutely, So it's interesting from a couple

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Speaker 1: of perspectives. Which is that number one? I mean, look,

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Speaker 1: this is the Ukrainian military did show it's fighting capability,

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Speaker 1: let alone the fact that with US assistants where it's

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Speaker 1: at did lead to a battlefield victory. Now, as we

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Speaker 1: you said and cautioned, the Ukraine's minister Defense minister actually

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Speaker 1: came out this morning saying he's like, look, our guys

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Speaker 1: are tired. They've been fighting six days straight. This is

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Speaker 1: a tough thing. A lot of Western analysts are pointing

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Speaker 1: out that listen, if the Ukrainians do get too far

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Speaker 1: ahead of their skis, they could stretch their supply lines

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Speaker 1: and would be vulnerable to counter tack. The Russians are

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Speaker 1: regrouping currently in the east. They are making their defense

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Speaker 1: lines as impenetrable as possible, and now they are launching

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Speaker 1: basically a full scale air campaign against the town and

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Speaker 1: the region of Kharkiv. They're launching a lot of rockets, bombs.

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Speaker 1: They wiped out power for the city and for the region.

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Speaker 1: Some of it has been restored, but they're making it

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Speaker 1: a full scale total war. So don't you know, obviously,

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Speaker 1: don't count them out just yet. But I don't think

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Speaker 1: there's a way to describe it other than just an

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Speaker 1: absolutely stunning fold I mean, the way it is is

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Speaker 1: that Ukraine, the way the Russians are gathering are a

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Speaker 1: governing it, militarily campaigning there is they have four different

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Speaker 1: regions that military commanders are in charge of. You effectively

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Speaker 1: had the collapse of the entire northernmost region of that force.

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Speaker 1: I mean, that would be like it's difficult to describe

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Speaker 1: in a US context, but I mean just imagine, you know,

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Speaker 1: a regional commander just effectively folding in seventy two hours. Again,

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Speaker 1: it does not happen for great power military. So clearly

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Speaker 1: they have a lot of issues. Supply is use. The

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Speaker 1: North Korea stuff looks a lot more important in this

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Speaker 1: context where it seems that they've been having major ammunition

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Speaker 1: and resupply problems as well. So maybe they're a lot

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Speaker 1: closer to crumbling than people think, although you know, he

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Speaker 1: should also be cautious afoot that possibility. So once again,

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Speaker 1: you know, Ukrainians sees about three thousand square miles of

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Speaker 1: territory at their very very best, that's what they're claiming.

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Speaker 1: The Russians still hang on to a significant portion of

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Speaker 1: Ukraine that they did seize from the very beginning. But

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Speaker 1: this is just no question. I mean, this is going

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Speaker 1: to boost morale in Kiev apparently there. You know, there's

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Speaker 1: absolutely jubilant atmosphere, the same in the west, you know,

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Speaker 1: in the Petagon. We don't want to underscore that this

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Speaker 1: was done with a tremendous amount of US help. Let's

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Speaker 1: put this up there, which is that the Ukrainian officials

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Speaker 1: drew heavily actually on US intelligence to plan the counter offensive.

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Speaker 1: They basically, the Ukrainians were able to use use US

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Speaker 1: resources to identify key Russian targets. Its effectively, US satellite

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Speaker 1: intelligence and other intel that we were able to gather

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Speaker 1: who knows, you know and where and more were used

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Speaker 1: by the Ukrainian military to drop exactly where they wanted

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Speaker 1: to attack. And it does seem clear that right that

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Speaker 1: obviously our intel identified They're like, well, they have a

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Speaker 1: resupply issues here. This general you know, their troops here

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Speaker 1: probably conscripts. They are, you know, the least amount of morales.

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Speaker 1: It's like you should faint here an attack right here.

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Speaker 1: But yes, I mean for military people who are interested

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Speaker 1: in the military campaigns like me, like this is this

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Speaker 1: is crazy. I mean, this really will be studied for

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Speaker 1: a long time. Yeah. Well, and that is part of

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Speaker 1: why they were able to be so successful, because you know,

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Speaker 1: we were talking about, Okay, they're preparing for this counter offensive.

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Speaker 1: One is a comming what's going on, and they were

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Speaker 1: really focused on the more southern region of Ukraine, and

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Speaker 1: so there are reports that Russia sent their more seasoned

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Speaker 1: troops in that direction and left them more vulnerable in

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Speaker 1: this northeast area. And now apparently there's still a plan

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Speaker 1: to move forward with the counter offensive in the Kharsong

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Speaker 1: region down in the south. But going so strong and

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Speaker 1: so in the northeast really allowed them to sort of

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Speaker 1: trick the Russians into letting their guard down up there,

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Speaker 1: and that's part of the story of why they were

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Speaker 1: able to have such a stunning victory and success over

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Speaker 1: such a short period of time. But that too, even

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Speaker 1: that sort of tactical feint that they deployed here, which

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Speaker 1: obviously was extraordinarily effective, kind of has US fingerprints on it.

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Speaker 1: They say that the decision by Ukraine to tout its

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Speaker 1: counter offensive in the south before striking the northeast is

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Speaker 1: a standard technique for misdirection used by the American Special

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Speaker 1: Operations troops who've been training the Ukrainian since the annexation

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Speaker 1: of Crimea in twenty fourteen. They have a quote here

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Speaker 1: from the top Pentagon official for Ukraine and Russia and

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Speaker 1: the Obama administration. She says, these guys have been trained

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Speaker 1: for eight years by Special ops. They've been taught about

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Speaker 1: irregular warfare, They've been taught by our intelligence operators about

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Speaker 1: deception and psychological operations. So even that decision and the

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Speaker 1: way they approach this has US fingerprints on it. And

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Speaker 1: the other thing they talk about here is, I don't

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Speaker 1: know if you guys remember we covered before how the

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Speaker 1: US actually had more insight early in the summer into

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Speaker 1: what the Russians were doing on the battlefield than what

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Speaker 1: the Ukrainians were Because of course, over decades and decades,

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Speaker 1: we have developed all kinds of intelligence assets to help

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Speaker 1: us understand what the Russians are up to. But with Ukraine,

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Speaker 1: which was an ally, we didn't have the same sort

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Speaker 1: of insight and they were very reluctant to share what

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Speaker 1: exactly they were up to and how exactly it was going.

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Speaker 1: According to this report, at least they have now started

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Speaker 1: to coordinate more directly and share more information so that

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Speaker 1: the US side could be more useful and could you know,

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Speaker 1: really help them in terms of intelligence sharing. So that's

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Speaker 1: a piece of this as well. But listen, it was

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Speaker 1: the put up or shut up moment. We sent them,

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Speaker 1: you know, tens of billions of dollars weapons, We've been

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Speaker 1: training them for almost a decade, and this is the

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Speaker 1: result where just before the winter hits they are able

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Speaker 1: to have this incredibly successful counter offensive which is absolutely

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Speaker 1: humiliating for Russia and could could be a real game changer.

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Speaker 1: They deserve credit where due the personally I think they

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Speaker 1: could do it, and they did, and they deserve that

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Speaker 1: credit because it's a tremendous thing. I mean, when you

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Speaker 1: can beat a great bur military in any battle like this,

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Speaker 1: unlike you know, the I mean, if you think about it,

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Speaker 1: the US never quote unquote lost military campaign in Iraq

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Speaker 1: or in Afghanistan. We were defeated strategically. This is an

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Speaker 1: actual tactical defeat on the battlefield. Ye again, I mean,

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Speaker 1: you don't see this happening. It does not even considered

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Speaker 1: within the realm of possibility. So obviously obvious, you know,

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Speaker 1: it happened with Kiev and all that. But you know,

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Speaker 1: I personally thought, you know, given the ability and the

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Speaker 1: given the strategic advantage that you have when you take

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Speaker 1: territory and you're on the defensive, to just crumble like this, Yeah, Sonny,

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Speaker 1: I do want to one more warning before we move

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Speaker 1: on to the next part, which is also very revealing

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Speaker 1: about the sort of Russian psyche and mindset, which is

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Speaker 1: that now we have to see what the response is.

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Speaker 1: And as we've warned from the beginning, the more desperate

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Speaker 1: your adversary gets, you know, that can be a scary

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Speaker 1: situation as well, and putent domestically on or increasing pressure

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Speaker 1: as well, to show that this can be a success,

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Speaker 1: that they can still win this war in some sort

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Speaker 1: of way, because you know, I mean, the original idea

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Speaker 1: of oh we're just going to MARCHI in the Kiva

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Speaker 1: is going to be over in a few days and

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Speaker 1: the Russian public is barely even going to know what's

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Speaker 1: going on. Obviously that didn't pan out, and now they're

401
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Speaker 1: having massive step I mean when things will really get

402
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Speaker 1: difficult for Putin is if they are faced with retreating

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Speaker 1: even back beyond those February twenty fourth lines. So we'll

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Speaker 1: see if the Ukrainians are able to get there. Were

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Speaker 1: a long way from that. Absolutely, let's get to that

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Speaker 1: part then. In terms of what Russians are saying, even

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Speaker 1: for pro Russians like pro pro militaries, Yeah, let's put

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Speaker 1: this up there, which is that they are being absolutely

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Speaker 1: savage towards Putin and the Russian military saying quote, we

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Speaker 1: have already lost many bloggers and people on telegram slamming

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Speaker 1: the military failures. They're showing they're getting much angrier, especially

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Speaker 1: given the gap between the official line and the reality

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Speaker 1: on the ground. You can't deny whenever you have to

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Speaker 1: give up territory. And remember Thisusia itself has not published

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Speaker 1: it's actual military losses since March. In the early days

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Speaker 1: of the campaign. We have no idea how many thousands

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Speaker 1: of troops they have lost. It could be tens of thousands.

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Speaker 1: Actually at this point, it really is just stunning. And

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Speaker 1: I think what we are seeing with Russia is Putin

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Speaker 1: has tried to avoid mass conscription, any sort of mobilization

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Speaker 1: of society towards total war, because that would require political

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Speaker 1: buy in by the populace if this is really worth it.

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Speaker 1: He's tried to keep this as a sideshow kind of

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Speaker 1: like what we did in Iraq and in Afghanistan. You know,

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Speaker 1: in the first couple of years of the Iraq War

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Speaker 1: two thousand and four, two thousand and five, most of

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Speaker 1: the public I wouldn't say lost interest like it was

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Speaker 1: on the news, but it wasn't fully driving everything until

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Speaker 1: things really went to rye in five. This is going

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Speaker 1: to require Putin to make a real choice. He's like, okay,

431
00:21:47,800 --> 00:21:49,679
Speaker 1: am I going to go all in or not? I

432
00:21:49,720 --> 00:21:53,880
Speaker 1: was actually just reading that the defense manufacturing capabilities there

433
00:21:54,119 --> 00:21:57,320
Speaker 1: this workers are now no longer allowed to take vacation,

434
00:21:58,040 --> 00:22:01,320
Speaker 1: so they need them to stay on the line pumping out,

435
00:22:01,400 --> 00:22:03,760
Speaker 1: you know, different material and more to send to the

436
00:22:03,760 --> 00:22:06,600
Speaker 1: front line. He has the choice of he can respond

437
00:22:06,600 --> 00:22:10,800
Speaker 1: to this with basically giving into this criticism. No more

438
00:22:11,040 --> 00:22:14,080
Speaker 1: just like side show war, like a full scale war. Yeah,

439
00:22:14,080 --> 00:22:17,000
Speaker 1: but that has major political ramifications for him. And I

440
00:22:17,000 --> 00:22:18,359
Speaker 1: do think this is going to this is going to

441
00:22:18,440 --> 00:22:20,919
Speaker 1: test his popularity too, which is that he's got to

442
00:22:20,920 --> 00:22:23,879
Speaker 1: make that choice. Are you going to full scale mobilize

443
00:22:23,920 --> 00:22:27,080
Speaker 1: Russian society towards this goal or not? Or I mean

444
00:22:27,160 --> 00:22:29,399
Speaker 1: even if they do increase the amount of material or

445
00:22:29,440 --> 00:22:33,760
Speaker 1: conscripts or the Russian army major other reforms, it could

446
00:22:33,840 --> 00:22:36,960
Speaker 1: still will mean major It will have major domestic political

447
00:22:37,040 --> 00:22:41,200
Speaker 1: ramifications in Russia. So but to have the Russian commentariat,

448
00:22:41,240 --> 00:22:43,720
Speaker 1: you know, even the pro Kremlin commentariat and all of

449
00:22:43,760 --> 00:22:47,640
Speaker 1: this just hammer the Russians domestically and online, which is look,

450
00:22:48,400 --> 00:22:50,960
Speaker 1: it's an important political force in its own right and

451
00:22:51,040 --> 00:22:53,960
Speaker 1: probably has more sway over Putin and the you know

452
00:22:54,040 --> 00:22:57,480
Speaker 1: pro Kremlin people than anything else. They're like, no, now

453
00:22:57,520 --> 00:22:59,840
Speaker 1: you need to quote take the gloves off. That's also

454
00:23:00,240 --> 00:23:02,520
Speaker 1: within the realm of possibility. And remember, you know, they

455
00:23:02,520 --> 00:23:05,560
Speaker 1: still have a tremendous amount of arms and other power

456
00:23:05,600 --> 00:23:07,399
Speaker 1: that they can bring to bear in the conflict. They

457
00:23:07,480 --> 00:23:09,320
Speaker 1: just have it because they mean treating it kind of

458
00:23:09,320 --> 00:23:11,920
Speaker 1: as a sideshow. Yeah, that's the important thing to understand

459
00:23:12,000 --> 00:23:16,320
Speaker 1: is when these like ultnationalists, pro war Russian bloggers who

460
00:23:16,320 --> 00:23:19,239
Speaker 1: have deep connections to the FSB and also to you know,

461
00:23:19,280 --> 00:23:23,239
Speaker 1: directly the military. When they are complaining about how the

462
00:23:23,280 --> 00:23:27,000
Speaker 1: war is being executed, they mean, we need to go further.

463
00:23:27,359 --> 00:23:29,800
Speaker 1: We are we can't have this half in, half out.

464
00:23:29,880 --> 00:23:32,840
Speaker 1: We need a full scale mobilization. We need to sell

465
00:23:32,880 --> 00:23:34,720
Speaker 1: this for the public, and we need to go all

466
00:23:34,760 --> 00:23:37,920
Speaker 1: the way in. That's really important to keep in mind

467
00:23:38,080 --> 00:23:40,920
Speaker 1: is that there is a more hawkish faction and that

468
00:23:41,040 --> 00:23:43,560
Speaker 1: is the pressure they are putting on Putin is you

469
00:23:43,720 --> 00:23:47,679
Speaker 1: have to go full scale to clear war, mobilize the public.

470
00:23:48,240 --> 00:23:51,200
Speaker 1: That's very difficult at this point because yeah, from the beginning,

471
00:23:51,240 --> 00:23:54,160
Speaker 1: I mean, he didn't sell this as a war at all.

472
00:23:54,240 --> 00:23:56,160
Speaker 1: You weren't even allowed to say that it's a war

473
00:23:56,480 --> 00:24:00,440
Speaker 1: on Russian state TV. So then to convince the public like, oh,

474
00:24:00,480 --> 00:24:02,560
Speaker 1: not only is this a war, it's a just war

475
00:24:02,600 --> 00:24:04,320
Speaker 1: and we need you to sacrifice and we need you

476
00:24:04,359 --> 00:24:07,000
Speaker 1: to step up and we need to have conscription, that's

477
00:24:07,040 --> 00:24:10,600
Speaker 1: a tough sell at this point. And he's obviously been

478
00:24:10,640 --> 00:24:13,439
Speaker 1: going in the opposite direction of doing that. So I

479
00:24:13,480 --> 00:24:15,960
Speaker 1: mentioned before they were having these big Moscow city the

480
00:24:16,000 --> 00:24:20,960
Speaker 1: celebrations of the city's birthday and big fireworks displays. Even

481
00:24:21,000 --> 00:24:24,640
Speaker 1: as these humiliating defeats are going on in the battlefield.

482
00:24:25,280 --> 00:24:28,720
Speaker 1: Putin was like inaugurating a new ferris wheel on the

483
00:24:28,840 --> 00:24:31,800
Speaker 1: very day that this is all going down. So he's

484
00:24:31,840 --> 00:24:34,240
Speaker 1: still trying to play this game of like, oh, it's

485
00:24:34,280 --> 00:24:37,000
Speaker 1: no big deal over here. We're doing fine, everything's great,

486
00:24:37,119 --> 00:24:39,960
Speaker 1: and life can go on as normal in Moscow and

487
00:24:40,040 --> 00:24:43,600
Speaker 1: throughout Russia. But that is becoming an increasingly untenable position.

488
00:24:43,920 --> 00:24:47,840
Speaker 1: And just to tell you how much little glimmers of

489
00:24:47,840 --> 00:24:49,720
Speaker 1: truth are starting to seep in and how many people

490
00:24:49,760 --> 00:24:52,160
Speaker 1: are starting to get frustrated with how this effort is going.

491
00:24:53,080 --> 00:24:58,160
Speaker 1: That dude who's the strongman leader of Chechnya rumzon cawdiear

492
00:24:58,200 --> 00:25:01,280
Speaker 1: of is that how you say his name? He's even

493
00:25:01,480 --> 00:25:05,480
Speaker 1: acknowledging and accusing the Russian military of making quote mistakes

494
00:25:05,840 --> 00:25:08,480
Speaker 1: and failing to explain the retreat to the public. You've

495
00:25:08,520 --> 00:25:12,000
Speaker 1: got Sergei Mironov, who's the leader of a pro Putin

496
00:25:12,080 --> 00:25:16,080
Speaker 1: party in parliament, criticizing the authorities for celebrating that Moscow's

497
00:25:16,080 --> 00:25:18,280
Speaker 1: annual city Day this weekend, posting on Twitter quote it

498
00:25:18,320 --> 00:25:20,320
Speaker 1: cannot be and should not be that our guys are

499
00:25:20,400 --> 00:25:24,320
Speaker 1: dying today and we're pretending that nothing is happening. You

500
00:25:24,400 --> 00:25:27,640
Speaker 1: have another Kremlin analyst who appears on state TV saying,

501
00:25:27,680 --> 00:25:30,400
Speaker 1: because of some mistakes unknown to us, control over political

502
00:25:30,440 --> 00:25:33,440
Speaker 1: processes is being lost. I guarantee you this confusion will

503
00:25:33,440 --> 00:25:36,840
Speaker 1: not last long, but right now it's a mess. So

504
00:25:36,880 --> 00:25:40,119
Speaker 1: you have people also agitating for more accurate information and

505
00:25:40,200 --> 00:25:43,120
Speaker 1: being more straight with the public about what is going on.

506
00:25:43,400 --> 00:25:45,560
Speaker 1: And there are a lot of clips floating around also

507
00:25:45,680 --> 00:25:51,200
Speaker 1: of Russian State TV with some sort of like some candor,

508
00:25:51,240 --> 00:25:56,040
Speaker 1: some very unusual candor and soul searching happening, where there

509
00:25:56,040 --> 00:25:58,520
Speaker 1: were some realization that things are really not going well,

510
00:25:58,560 --> 00:26:01,560
Speaker 1: and they've got a change text. That's only a good thing.

511
00:26:01,600 --> 00:26:03,359
Speaker 1: I mean, if we could get it so the domestic

512
00:26:03,400 --> 00:26:06,200
Speaker 1: political calculation makes it so that no more offensive is

513
00:26:06,240 --> 00:26:09,960
Speaker 1: supported by the Russians. That's a fantastic victory. And maybe

514
00:26:09,960 --> 00:26:12,879
Speaker 1: then the Russians will actually come to the negotiating table

515
00:26:12,920 --> 00:26:15,320
Speaker 1: in a different form and we would see how even

516
00:26:15,320 --> 00:26:17,359
Speaker 1: that is received by the Ukrainians. So look, you know,

517
00:26:17,400 --> 00:26:21,320
Speaker 1: once again, military campaign, successful military campaign by Ukraine has

518
00:26:21,359 --> 00:26:23,280
Speaker 1: two options. They can go all in or they can

519
00:26:23,320 --> 00:26:25,399
Speaker 1: go the other way. I hope that they go the

520
00:26:25,480 --> 00:26:29,000
Speaker 1: delmatic route, but I know there's no evidence to support

521
00:26:29,080 --> 00:26:32,320
Speaker 1: that right now from Putin, he has dribbled down. I

522
00:26:32,320 --> 00:26:34,800
Speaker 1: think he's probably too far in at this point. At

523
00:26:34,800 --> 00:26:37,080
Speaker 1: this point, he's so tied to the campaign and all

524
00:26:37,119 --> 00:26:39,920
Speaker 1: that he just simply can't admit to feed for him personally,

525
00:26:39,960 --> 00:26:42,399
Speaker 1: it's existential, seems to be. And that I mean, but

526
00:26:42,640 --> 00:26:44,640
Speaker 1: and that's a scary situation. We shouldn't have a lose

527
00:26:44,640 --> 00:26:46,679
Speaker 1: sight of that. When you're talking about a nuclear power

528
00:26:46,920 --> 00:26:49,360
Speaker 1: and any sort of you know, in the most maximus

529
00:26:49,440 --> 00:26:53,040
Speaker 1: situation the Ukrainians actually win, it does trigger some sort

530
00:26:53,080 --> 00:26:55,960
Speaker 1: of like you know, Putin being pushed down in some

531
00:26:56,000 --> 00:26:59,159
Speaker 1: sort of power vacuum in Russia, like chaos and instability

532
00:26:59,200 --> 00:27:02,119
Speaker 1: in a nuclear power is a scary thing to contemplate,

533
00:27:02,200 --> 00:27:06,360
Speaker 1: big time, absolutely all right, So big moves here domestically,

534
00:27:06,440 --> 00:27:09,359
Speaker 1: with obviously global implications as well. But of course you

535
00:27:09,400 --> 00:27:11,320
Speaker 1: know that the FED has been hiking indust rates to

536
00:27:11,320 --> 00:27:13,400
Speaker 1: try to get inflation under control, even though of course

537
00:27:13,440 --> 00:27:16,119
Speaker 1: the Fed's indust rate hikes can't really directly impact the

538
00:27:16,200 --> 00:27:19,080
Speaker 1: major causes of inflation, but nevertheless, they continue down that

539
00:27:19,080 --> 00:27:23,359
Speaker 1: direction and in a very aggressive fashion, and we got

540
00:27:23,400 --> 00:27:26,720
Speaker 1: new indications last week that they plan to one hundred

541
00:27:26,720 --> 00:27:28,840
Speaker 1: percent continue this course. Let's go ahead and put this

542
00:27:28,960 --> 00:27:30,879
Speaker 1: up on the screen from the Wall Street Journal. So

543
00:27:30,960 --> 00:27:33,600
Speaker 1: this is Lael Brannard, who is seen as more of

544
00:27:33,840 --> 00:27:36,400
Speaker 1: a dovish figure within the Fed. She's the number two

545
00:27:36,440 --> 00:27:40,280
Speaker 1: policy maker, and she still is saying that, yes, at

546
00:27:40,320 --> 00:27:42,359
Speaker 1: some point in the tightening cycle, the risks will become

547
00:27:42,359 --> 00:27:45,879
Speaker 1: more too sighted, but she says that they need to

548
00:27:45,960 --> 00:27:48,359
Speaker 1: keep going. If history is any guide, it's important to

549
00:27:48,440 --> 00:27:51,199
Speaker 1: avoid the risk of pulling back too soon. Following a

550
00:27:51,240 --> 00:27:53,639
Speaker 1: lengthy sequence of adverse supply shocks to goods, labor, and

551
00:27:53,640 --> 00:27:56,320
Speaker 1: commodities that, in combination with strong demand, drove inflation to

552
00:27:56,440 --> 00:28:00,000
Speaker 1: multi decade highs. We must maintain a risk management posture

553
00:28:00,119 --> 00:28:03,360
Speaker 1: to defend against the risk consumers and businesses will expect

554
00:28:03,440 --> 00:28:07,679
Speaker 1: higher inflation to continue. So Saga, she's saying, full steam ahead.

555
00:28:07,800 --> 00:28:10,120
Speaker 1: They are not changing course, even though there are some

556
00:28:10,160 --> 00:28:12,639
Speaker 1: indications that inflation has come down, even though it certainly

557
00:28:12,640 --> 00:28:15,680
Speaker 1: gas prices have fallen, even though they are major risks

558
00:28:15,760 --> 00:28:18,199
Speaker 1: on the other side of pushing the economy into a

559
00:28:18,440 --> 00:28:22,879
Speaker 1: severe recession with massive impacts in terms of unemployment in

560
00:28:22,960 --> 00:28:26,120
Speaker 1: terms of you know, consumer and just regular American pain.

561
00:28:26,800 --> 00:28:29,800
Speaker 1: They still have no intention of changing course. Yeah, absolutely,

562
00:28:29,800 --> 00:28:32,840
Speaker 1: Senator Elizabeth Warren, who look, you know, many disagreements aside.

563
00:28:32,840 --> 00:28:35,280
Speaker 1: I think she's actually done a decent job when discussing

564
00:28:35,280 --> 00:28:37,480
Speaker 1: the fad. She was actually on CNN discussing this. Let's

565
00:28:37,480 --> 00:28:42,000
Speaker 1: take a listen. What he calls some pain means putting

566
00:28:42,000 --> 00:28:46,080
Speaker 1: people out of work, shutting down small businesses because the

567
00:28:46,160 --> 00:28:50,160
Speaker 1: cost of money goes up because the interest rates go up.

568
00:28:50,240 --> 00:28:51,960
Speaker 1: So it sounds like you do think it's a mistake

569
00:28:52,080 --> 00:28:55,600
Speaker 1: to raise interest rates. Again, I am very I am

570
00:28:55,920 --> 00:29:00,920
Speaker 1: very worried about this because the causes of inflation, things

571
00:29:01,120 --> 00:29:03,600
Speaker 1: like the fact that COVID is still shutting down parts

572
00:29:03,640 --> 00:29:05,920
Speaker 1: of the economy around the world, that we still have

573
00:29:06,040 --> 00:29:09,080
Speaker 1: supply chain cainks, that we still have a war going

574
00:29:09,080 --> 00:29:12,479
Speaker 1: on in Ukraine that drives up the cost of energy,

575
00:29:12,960 --> 00:29:15,959
Speaker 1: and that we still have these giant corporations that are

576
00:29:16,000 --> 00:29:19,960
Speaker 1: engaging in price gouging. There is nothing in raising the

577
00:29:20,240 --> 00:29:25,240
Speaker 1: interest rates, nothing in Jerome Powell's toolbag that deals directly

578
00:29:25,280 --> 00:29:29,240
Speaker 1: with those and he has admitted as much in congressional hearings.

579
00:29:29,280 --> 00:29:32,760
Speaker 1: When I've asked him about it. There you go, Yeah,

580
00:29:32,840 --> 00:29:35,240
Speaker 1: it's actually I mean, look, it's true, he said, it

581
00:29:35,280 --> 00:29:37,880
Speaker 1: won't do anything about gas. The reason gas prices are

582
00:29:37,880 --> 00:29:39,600
Speaker 1: down right now have much more to do with the

583
00:29:39,640 --> 00:29:42,240
Speaker 1: Strategic Petroleum Reserve, which we were begging the Biden administration

584
00:29:42,320 --> 00:29:45,280
Speaker 1: to release for months, and they've depleted about a third

585
00:29:45,320 --> 00:29:47,360
Speaker 1: of the spr so far. By the way, I think

586
00:29:47,400 --> 00:29:49,040
Speaker 1: that's fine. You know, we topped it up during the

587
00:29:49,040 --> 00:29:52,520
Speaker 1: pandemic specifically for reasons like this. But that's the reason

588
00:29:52,680 --> 00:29:54,959
Speaker 1: that gas prices have gone down. We'll go into that

589
00:29:55,280 --> 00:29:57,720
Speaker 1: a little bit more. Same on food, I mean, food

590
00:29:57,840 --> 00:30:01,120
Speaker 1: is dramatically impacted more by the supply chain, by natural

591
00:30:01,600 --> 00:30:06,560
Speaker 1: fertile by fertilizer rates, nitrogen, and by drought. Then it

592
00:30:06,600 --> 00:30:09,719
Speaker 1: has anything to do with demand. Demand has you know,

593
00:30:09,800 --> 00:30:11,880
Speaker 1: some to do with it, of course, but that's the

594
00:30:11,960 --> 00:30:14,080
Speaker 1: only thing they can control, and they're going after that.

595
00:30:14,120 --> 00:30:15,640
Speaker 1: I mean, on the one hand, it's very difficult for

596
00:30:15,680 --> 00:30:19,080
Speaker 1: me because I also see some companies which relied on

597
00:30:19,400 --> 00:30:22,000
Speaker 1: cheap cash or Google for example. Yea, Google has come

598
00:30:22,000 --> 00:30:25,800
Speaker 1: out and they're like, well, guys, effectively soon dark Pachai

599
00:30:25,960 --> 00:30:28,720
Speaker 1: is like, we need to boost productivity by twenty percent,

600
00:30:29,280 --> 00:30:33,720
Speaker 1: effectively admitting that cheap cash and was underwriting a whole

601
00:30:33,800 --> 00:30:37,680
Speaker 1: lot of Google expansion, and basically just like Google screwy.

602
00:30:37,920 --> 00:30:40,360
Speaker 1: That probably was the case at the very much on

603
00:30:40,440 --> 00:30:42,840
Speaker 1: the corporate level. So some of that quote unquote tightening

604
00:30:43,080 --> 00:30:47,520
Speaker 1: had to happen. But Google will survive. Small businesses they

605
00:30:47,520 --> 00:30:50,480
Speaker 1: actually may not survive, and the people with you know who,

606
00:30:50,560 --> 00:30:54,400
Speaker 1: unemployment impacts and all that, they especially are really hurting.

607
00:30:54,440 --> 00:30:56,520
Speaker 1: I'm most worried about housing. I mean, the fact that

608
00:30:56,840 --> 00:30:59,000
Speaker 1: the average mortgage rate continues to come up. I think

609
00:30:59,040 --> 00:31:01,880
Speaker 1: it's like six percent right now, more than double fastest

610
00:31:01,920 --> 00:31:05,160
Speaker 1: rise in modern history, crushing the housing market. Housing market

611
00:31:05,200 --> 00:31:07,560
Speaker 1: obviously needed to come down some, but you know, we

612
00:31:07,600 --> 00:31:09,720
Speaker 1: also need new housing stock, and a lot of that

613
00:31:09,760 --> 00:31:12,200
Speaker 1: new housing stock it either goes on pause and construction

614
00:31:12,320 --> 00:31:14,360
Speaker 1: or just doesn't get sold. Yeah, which that's the other

615
00:31:14,680 --> 00:31:17,520
Speaker 1: that's that's exactly right. I mean, it is really, it

616
00:31:17,600 --> 00:31:21,360
Speaker 1: really is a complicated situation because on the one hand,

617
00:31:21,440 --> 00:31:25,280
Speaker 1: the fact that you have had effective zero interest rates

618
00:31:25,320 --> 00:31:29,800
Speaker 1: for so long, you have created this incredibly financialized economy,

619
00:31:30,040 --> 00:31:35,680
Speaker 1: this like like bizarre and unsustainable froth companies that really

620
00:31:35,720 --> 00:31:38,960
Speaker 1: non deserve to exist and aren't profitable, but because cash

621
00:31:39,080 --> 00:31:41,000
Speaker 1: was so easy to come by, they could just continue

622
00:31:41,000 --> 00:31:44,959
Speaker 1: and continue and continue massively inflating asset bubbles, which has

623
00:31:45,000 --> 00:31:47,800
Speaker 1: been a huge driver of inequality. So that you know,

624
00:31:47,800 --> 00:31:50,560
Speaker 1: if you're someone who owns stuff and you know, those

625
00:31:50,680 --> 00:31:52,560
Speaker 1: prices kept going up and up and up. We didn't

626
00:31:52,560 --> 00:31:54,400
Speaker 1: call it inflation at that point, but that's what was

627
00:31:54,440 --> 00:31:57,200
Speaker 1: going on with assets and certainly with the housing market.

628
00:31:57,240 --> 00:31:58,960
Speaker 1: So if you're on the lucky side of that divide,

629
00:31:58,960 --> 00:32:00,840
Speaker 1: that was great for you for a lot of years.

630
00:32:01,280 --> 00:32:03,920
Speaker 1: So on the one hand, yeah, it's inevitable, and it's

631
00:32:03,960 --> 00:32:06,480
Speaker 1: not a bad thing to pull that frauthback because that's

632
00:32:06,520 --> 00:32:09,080
Speaker 1: part of what has been driving inequality. On the other hand,

633
00:32:09,440 --> 00:32:13,000
Speaker 1: while you know it was great for didn't really benefit

634
00:32:13,040 --> 00:32:14,320
Speaker 1: a lot of people on the way up. It was

635
00:32:14,360 --> 00:32:17,160
Speaker 1: a small sliver. It is really really going to be

636
00:32:17,240 --> 00:32:19,800
Speaker 1: devastating if there's a severe recession. This all comes back

637
00:32:19,840 --> 00:32:22,840
Speaker 1: to the fact that you have Congress and you know,

638
00:32:22,880 --> 00:32:25,040
Speaker 1: most of our government that is sort of unable to

639
00:32:25,120 --> 00:32:28,400
Speaker 1: really act, that is stuck in gridlock, that is unable

640
00:32:28,440 --> 00:32:30,600
Speaker 1: to be responsive to the needs of American people. So,

641
00:32:30,640 --> 00:32:33,400
Speaker 1: for example, Matt Solar is floating. What you really need

642
00:32:33,560 --> 00:32:36,240
Speaker 1: is higher rates for big companies to get some of

643
00:32:36,280 --> 00:32:40,240
Speaker 1: this froth out, and lower rates, lower interest rates for

644
00:32:40,400 --> 00:32:43,479
Speaker 1: consumers and small businesses so that they're able to borrow

645
00:32:43,640 --> 00:32:46,360
Speaker 1: and do the things that they need to do and

646
00:32:46,440 --> 00:32:49,240
Speaker 1: be able to hire and expand and survive this difficult time.

647
00:32:49,680 --> 00:32:52,880
Speaker 1: But unless there's some mechanism I am not aware of

648
00:32:52,880 --> 00:32:55,520
Speaker 1: with the FED that would have to come through government

649
00:32:55,560 --> 00:32:59,520
Speaker 1: congressional action, and of course we're not aware inside of that,

650
00:33:00,000 --> 00:33:02,680
Speaker 1: it really is very difficult. But the worst possible world

651
00:33:02,760 --> 00:33:06,480
Speaker 1: is that you have continued inflation because you aren't dealing

652
00:33:06,480 --> 00:33:09,440
Speaker 1: with those real problems, and as Elizabeth Warren says, and

653
00:33:09,600 --> 00:33:14,240
Speaker 1: you have a severe recession. That's exactly what one FED

654
00:33:15,040 --> 00:33:18,560
Speaker 1: FED economist is warning of. They don't want to talk

655
00:33:18,560 --> 00:33:21,200
Speaker 1: about this, but this was a report some research that

656
00:33:21,320 --> 00:33:24,400
Speaker 1: was done here under the Fed's umbrella. Here this is

657
00:33:24,440 --> 00:33:27,760
Speaker 1: reporting from our friend Ken Klippenstein. He says, fed's own

658
00:33:27,800 --> 00:33:30,920
Speaker 1: economist warns of severe recession from chair palas rate hikes.

659
00:33:31,360 --> 00:33:33,680
Speaker 1: That study, which was published back in July and sort

660
00:33:33,680 --> 00:33:37,080
Speaker 1: of swept under the rug, was conducted by the Federal

661
00:33:37,120 --> 00:33:41,160
Speaker 1: Reserve Board Ofment Governors and they're saying, this is very

662
00:33:41,200 --> 00:33:46,200
Speaker 1: reminiscent of actions taken by the FED in nineteen twenty

663
00:33:46,480 --> 00:33:50,080
Speaker 1: that led to a severe recession. It was a very

664
00:33:50,280 --> 00:33:53,040
Speaker 1: early similar dynamics. You'd just come out of the Spanish

665
00:33:53,120 --> 00:33:55,160
Speaker 1: flu at that time. Of course, that killed six hundred

666
00:33:55,160 --> 00:33:58,800
Speaker 1: fifty seven thousand Americans. Many of those who died were workers.

667
00:33:58,800 --> 00:34:01,000
Speaker 1: That meant there were more job openings than workers to

668
00:34:01,040 --> 00:34:04,000
Speaker 1: fill them, so the surviving workers had more bargaining power.

669
00:34:04,040 --> 00:34:05,840
Speaker 1: You had a tight labor market. What does this all

670
00:34:05,880 --> 00:34:09,680
Speaker 1: sound like, You had rising real wages. The study doesn't

671
00:34:09,680 --> 00:34:12,320
Speaker 1: mention it. Labor strikes were also proliferating that were spurred

672
00:34:12,320 --> 00:34:14,840
Speaker 1: by that low unemployment rate. So all a very similar

673
00:34:14,920 --> 00:34:18,040
Speaker 1: landscape to what we're facing now. Also, like today, consumer

674
00:34:18,080 --> 00:34:21,840
Speaker 1: spending was also recovering then because World War One had ended.

675
00:34:21,960 --> 00:34:25,480
Speaker 1: Now of course, because of the pandemic being over. Despite

676
00:34:25,480 --> 00:34:28,080
Speaker 1: the strong job market, inflation was also relatively high, and

677
00:34:28,120 --> 00:34:30,719
Speaker 1: for similar reasons. The quote from the study says, at

678
00:34:30,719 --> 00:34:32,880
Speaker 1: the end of World War One, the US was experiencing

679
00:34:32,920 --> 00:34:35,440
Speaker 1: strong growth and unruly inflation, driven in part by an

680
00:34:35,440 --> 00:34:39,319
Speaker 1: expansionary fiscal policy and accommodative monetary policy. That's exactly what

681
00:34:39,400 --> 00:34:41,440
Speaker 1: we had now we had low interest rates, that's the

682
00:34:41,440 --> 00:34:45,520
Speaker 1: accommodative monetary policy. But we also had stimulus in the

683
00:34:45,560 --> 00:34:49,040
Speaker 1: form of direct checks and other support during the coronavirus pandemic.

684
00:34:49,160 --> 00:34:51,719
Speaker 1: So very similar things there. And what they said is

685
00:34:51,719 --> 00:34:54,160
Speaker 1: in nineteen twenty, the federal reserve banks hiked their discount

686
00:34:54,239 --> 00:34:57,040
Speaker 1: rates to tame inflation, and the US economy entered a

687
00:34:57,080 --> 00:35:01,520
Speaker 1: severe recession now known as the Depression of nineteen twenty.

688
00:35:01,840 --> 00:35:04,160
Speaker 1: And what they say, and their warning here is that

689
00:35:04,880 --> 00:35:07,520
Speaker 1: the it's not that interestrate shouldn't be raised at all,

690
00:35:07,880 --> 00:35:10,160
Speaker 1: but you've got to be really careful because there's a

691
00:35:10,200 --> 00:35:12,640
Speaker 1: delay between when you hike the rates and when the

692
00:35:12,719 --> 00:35:15,960
Speaker 1: impact hits. And so if you just keep hiking and

693
00:35:16,040 --> 00:35:19,719
Speaker 1: hiking and hiking without waiting to see how that's going

694
00:35:19,719 --> 00:35:23,200
Speaker 1: to impact the economy, you can end up tripping the

695
00:35:23,239 --> 00:35:27,960
Speaker 1: economy into a severe recession because there is that delay

696
00:35:28,680 --> 00:35:31,239
Speaker 1: in the tightening and how it hits. So that's what

697
00:35:31,239 --> 00:35:33,920
Speaker 1: they're warning about. Yeah, no, I mean, look, it's very

698
00:35:33,960 --> 00:35:36,520
Speaker 1: interest I mean their counter would be the counter that, right, is, well,

699
00:35:36,520 --> 00:35:38,120
Speaker 1: we came out of it and we had the Roaring twenties.

700
00:35:38,160 --> 00:35:41,120
Speaker 1: It's like, well, there was still a terrible. You know,

701
00:35:41,120 --> 00:35:43,600
Speaker 1: a lot of people did suffer in nineties, took a

702
00:35:43,640 --> 00:35:46,160
Speaker 1: couple of years so the Roaring twenties to really take off,

703
00:35:46,200 --> 00:35:48,160
Speaker 1: and you know, not like things worked out all that

704
00:35:48,200 --> 00:35:50,040
Speaker 1: well at the end of the nineteen twenties, So it's

705
00:35:50,080 --> 00:35:52,480
Speaker 1: not like the structural problems we're fixed. You wouldn't want

706
00:35:52,520 --> 00:35:53,960
Speaker 1: to use that as your model to Yeah, exactly what

707
00:35:54,200 --> 00:35:57,799
Speaker 1: anybody's pointing to any economic policy between nineteen nineteen and

708
00:35:57,920 --> 00:36:01,600
Speaker 1: nineteen twenty nine as quote unquote effective. Probably not the

709
00:36:01,640 --> 00:36:04,319
Speaker 1: best thing to do, and not exactly a path that

710
00:36:04,360 --> 00:36:07,400
Speaker 1: we would go down. Look, the economy also is fundamentally different.

711
00:36:07,560 --> 00:36:10,240
Speaker 1: The fact is that we're probably much more financialized today

712
00:36:10,520 --> 00:36:12,440
Speaker 1: than we ever were before. So in a way it

713
00:36:12,440 --> 00:36:16,400
Speaker 1: may actually may even be more vulnerable to rate hikes

714
00:36:16,440 --> 00:36:19,279
Speaker 1: like that than before. And for how we come out

715
00:36:19,280 --> 00:36:22,240
Speaker 1: of it and the possible ramifications of that, I'm really worried.

716
00:36:22,280 --> 00:36:24,080
Speaker 1: I'm probably most worried about housing, you know, because that

717
00:36:24,120 --> 00:36:26,920
Speaker 1: back then we didn't have the same level of housing crisis,

718
00:36:26,960 --> 00:36:29,640
Speaker 1: but you could quite more easily build housing if you

719
00:36:29,719 --> 00:36:32,160
Speaker 1: needed to. There was a big housing boom all throughout

720
00:36:32,200 --> 00:36:33,920
Speaker 1: you know, the post eighteen hundreds, all the way up

721
00:36:33,960 --> 00:36:37,440
Speaker 1: until even in nineteen fifty, so some of the supply

722
00:36:37,520 --> 00:36:40,520
Speaker 1: constraints and other plus were much more globalized, vulnerable to

723
00:36:40,680 --> 00:36:44,440
Speaker 1: major global supply shocks. I'm especially worried about Europe and

724
00:36:45,200 --> 00:36:47,600
Speaker 1: the effect of their energy crisis as well, not the

725
00:36:47,640 --> 00:36:49,120
Speaker 1: only one. A lot of people are talking about it,

726
00:36:49,160 --> 00:36:51,360
Speaker 1: even apparently the White House. This morning this we report

727
00:36:51,560 --> 00:36:53,360
Speaker 1: out that the White Houses thinks that one of the

728
00:36:53,360 --> 00:36:55,759
Speaker 1: biggest feet, one of their biggest fears is that the

729
00:36:55,760 --> 00:36:58,520
Speaker 1: European energy crisis will bleed home and actually drive up

730
00:36:58,560 --> 00:37:01,480
Speaker 1: the price of oil and will only continue inflation on

731
00:37:01,520 --> 00:37:04,920
Speaker 1: the onward trajectory as rate hikes are going up. Another

732
00:37:04,920 --> 00:37:07,200
Speaker 1: thing to remember, Europe also just hiked their rates y

733
00:37:07,280 --> 00:37:09,120
Speaker 1: point seventy five, So yes, almost, that's right, same thing,

734
00:37:09,200 --> 00:37:11,120
Speaker 1: that's right. I mean, even the housing market thing is

735
00:37:11,160 --> 00:37:13,839
Speaker 1: complicated because, as we cover before, a lot of people

736
00:37:13,920 --> 00:37:15,439
Speaker 1: cheering for the house. Yeah, I mean it's too wiet

737
00:37:15,640 --> 00:37:18,799
Speaker 1: because the prices are insane. First time buyers have been

738
00:37:18,880 --> 00:37:22,040
Speaker 1: completely priced down. Now there are more effective ways to

739
00:37:22,120 --> 00:37:26,080
Speaker 1: do that than cratch the economy. The biggest one is

740
00:37:26,120 --> 00:37:28,040
Speaker 1: to build more houses. I mean, that's one of the

741
00:37:28,120 --> 00:37:30,280
Speaker 1: huge issues that we have is a lack of supply

742
00:37:30,560 --> 00:37:34,080
Speaker 1: of housing and especially affordable housing, but really housing of

743
00:37:34,120 --> 00:37:38,799
Speaker 1: all kinds and hiking interest rates is actually counterproductive in

744
00:37:38,880 --> 00:37:42,640
Speaker 1: terms of increasing the housing supply. That's number one. Number two,

745
00:37:42,840 --> 00:37:46,000
Speaker 1: there's some impact from permanent capital buying up so many houses.

746
00:37:46,040 --> 00:37:47,560
Speaker 1: I mean we were talking about in some of these cities,

747
00:37:47,560 --> 00:37:50,840
Speaker 1: it's like a quarter to a third of the homes

748
00:37:50,880 --> 00:37:54,240
Speaker 1: being purchased are from private equity and other permanent capital.

749
00:37:54,360 --> 00:37:58,239
Speaker 1: So that also is creating more demand and creating more

750
00:37:58,239 --> 00:38:01,319
Speaker 1: competitive landscape where if you don't have that, you know,

751
00:38:01,360 --> 00:38:03,799
Speaker 1: the whole thing in cash are close to it very

752
00:38:03,800 --> 00:38:06,520
Speaker 1: difficult to be able to compete. You also have in

753
00:38:06,560 --> 00:38:10,839
Speaker 1: some local markets the impact which you know is big

754
00:38:10,880 --> 00:38:14,440
Speaker 1: picture positive, but can be very difficult in individual places

755
00:38:14,800 --> 00:38:19,000
Speaker 1: where because of the work revolution coming out of the pandemic,

756
00:38:19,080 --> 00:38:23,080
Speaker 1: where more people are working from home, working remotely, more

757
00:38:23,120 --> 00:38:26,360
Speaker 1: people are just like changing their careers altogether and changing

758
00:38:26,400 --> 00:38:29,040
Speaker 1: their priorities to life. You had some of these cities

759
00:38:29,520 --> 00:38:32,439
Speaker 1: that if you're coming from San Francisco or you're coming

760
00:38:32,440 --> 00:38:35,080
Speaker 1: from New York and you're moving into Boys or wherever,

761
00:38:35,239 --> 00:38:37,080
Speaker 1: and you've still got your New York and your California.

762
00:38:37,160 --> 00:38:39,680
Speaker 1: Soal you're bidding up the housing prices locally, making things

763
00:38:39,760 --> 00:38:42,520
Speaker 1: very difficult as well. So even with the housing market,

764
00:38:42,719 --> 00:38:45,400
Speaker 1: it's it's sort of complex because, yeah, a lot of

765
00:38:45,400 --> 00:38:49,280
Speaker 1: people would really like prices to come down, but crashing

766
00:38:49,280 --> 00:38:52,160
Speaker 1: the economy and by the way, when mortgage rates are

767
00:38:52,239 --> 00:38:55,600
Speaker 1: very high, that also makes housing unaffordable not the best

768
00:38:55,640 --> 00:38:59,719
Speaker 1: way to achieve that end. At the same time, you know,

769
00:39:00,040 --> 00:39:03,160
Speaker 1: because primarily because gas prices have come down, Americans are

770
00:39:03,160 --> 00:39:04,960
Speaker 1: feeling a little bit better about the economy. And I

771
00:39:04,960 --> 00:39:06,600
Speaker 1: think that's important to note. Let's go and put this

772
00:39:06,920 --> 00:39:09,440
Speaker 1: up on the screen. This from the Washington Post. The

773
00:39:09,480 --> 00:39:12,560
Speaker 1: headline here says Americans are finally feeling better about the economy.

774
00:39:12,600 --> 00:39:15,160
Speaker 1: Gas prices are falling. Their science households are learning to

775
00:39:15,239 --> 00:39:18,960
Speaker 1: deal with inflation. In particular, They point to consumer sentiment,

776
00:39:19,040 --> 00:39:23,080
Speaker 1: which hit bottom in June, it's begun inching back up

777
00:39:23,120 --> 00:39:26,240
Speaker 1: in recent weeks. Gas prices are down decades high, inflation

778
00:39:26,320 --> 00:39:29,000
Speaker 1: appears to be easing, and at the same time, Americans

779
00:39:29,040 --> 00:39:31,640
Speaker 1: are making small changes buying meat in bulk, for example,

780
00:39:31,719 --> 00:39:34,120
Speaker 1: or shifting more of their shopping to discount chains, suggesting

781
00:39:34,160 --> 00:39:37,400
Speaker 1: many families are learning to deal with higher prices. And Sager.

782
00:39:37,760 --> 00:39:40,200
Speaker 1: I mean, first of all, I have always thought there

783
00:39:40,280 --> 00:39:44,200
Speaker 1: is even beyond the real pocket put book impact of

784
00:39:44,239 --> 00:39:48,160
Speaker 1: gas prices, which is huge, especially for working class people

785
00:39:48,280 --> 00:39:50,000
Speaker 1: just like trying to get to work and go about

786
00:39:50,000 --> 00:39:52,799
Speaker 1: their lives, who oftentimes have to live outside of major

787
00:39:52,800 --> 00:39:56,080
Speaker 1: cities again because of housing affordability. Even outside of that

788
00:39:56,280 --> 00:40:00,279
Speaker 1: real impact, there is a huge psychological impact of watching

789
00:40:00,320 --> 00:40:02,359
Speaker 1: gas prices go up and up and up, but also

790
00:40:02,400 --> 00:40:04,600
Speaker 1: if watching them go down. And we've now had several

791
00:40:04,680 --> 00:40:07,640
Speaker 1: months consistently where gas prices are declining. Let's go ahead,

792
00:40:07,680 --> 00:40:10,520
Speaker 1: we actually have that up on the screen that right now.

793
00:40:10,600 --> 00:40:13,280
Speaker 1: This was as of yesterday, I think the national average

794
00:40:13,280 --> 00:40:17,319
Speaker 1: gas price was three dollars and seventy two cents. That

795
00:40:17,480 --> 00:40:21,480
Speaker 1: is down from a high of five dollars a gallon

796
00:40:21,640 --> 00:40:24,760
Speaker 1: back in June, and it's been sort of consistently slowly

797
00:40:24,800 --> 00:40:29,560
Speaker 1: but steadily dropping. And because we are better at gauging

798
00:40:29,640 --> 00:40:34,080
Speaker 1: things in relative terms versus absolute terms, even though that

799
00:40:34,239 --> 00:40:37,000
Speaker 1: still is a high number as compared to just a

800
00:40:37,120 --> 00:40:40,200
Speaker 1: year ago, the fact that it's going down makes people

801
00:40:40,280 --> 00:40:42,600
Speaker 1: feel like, ah, I'm going to get through this. I'm

802
00:40:42,640 --> 00:40:45,080
Speaker 1: going to be okay, I've figured this out. I've cut

803
00:40:45,120 --> 00:40:47,000
Speaker 1: back in these various ways. I'm kind of used to

804
00:40:47,040 --> 00:40:49,319
Speaker 1: that now, and I feel like things are going in

805
00:40:49,320 --> 00:40:52,160
Speaker 1: the right direction versus I feel like I'm getting squeezed

806
00:40:52,200 --> 00:40:54,480
Speaker 1: and squeezed and squeezed and squeezed with no ind insie.

807
00:40:54,520 --> 00:40:57,239
Speaker 1: This is politics. Politics is about directionality, which is that

808
00:40:57,320 --> 00:40:59,160
Speaker 1: you know, just because things are way worse right now

809
00:40:59,200 --> 00:41:01,080
Speaker 1: than they were two years ago, it's better than six

810
00:41:01,120 --> 00:41:03,160
Speaker 1: months ago. And so people are like, well, it came down.

811
00:41:04,600 --> 00:41:07,040
Speaker 1: People always vote like this. I mean, remember, it's not

812
00:41:07,040 --> 00:41:09,440
Speaker 1: like the economy was better at twenty twelve. It's just

813
00:41:09,480 --> 00:41:12,799
Speaker 1: that people trusted Obama whenever he was like, look, I

814
00:41:12,800 --> 00:41:14,480
Speaker 1: did my best to get us to this point, got

815
00:41:14,520 --> 00:41:16,719
Speaker 1: us off the brink, and now we're going towards this way.

816
00:41:16,760 --> 00:41:19,960
Speaker 1: But they also didn't trust Smit Romney and didn't trust right, Okay,

817
00:41:19,960 --> 00:41:22,759
Speaker 1: we see what you're that's even more of a touch guy. Right.

818
00:41:22,840 --> 00:41:24,799
Speaker 1: It was just like, things are bad, but it's all

819
00:41:24,840 --> 00:41:28,480
Speaker 1: about directionality. So here, things directionally are going well. And

820
00:41:28,520 --> 00:41:30,480
Speaker 1: I guess what the Biden that people can at least

821
00:41:30,520 --> 00:41:33,160
Speaker 1: point to is that their policy is working. I mean,

822
00:41:33,239 --> 00:41:37,160
Speaker 1: their policy is very directly impacting the price of gas

823
00:41:37,320 --> 00:41:39,640
Speaker 1: in a beneficial way for households, which I think is

824
00:41:39,760 --> 00:41:42,919
Speaker 1: very important. It took them probably a year in order

825
00:41:42,960 --> 00:41:44,880
Speaker 1: to really get their act together, which I you know,

826
00:41:44,960 --> 00:41:47,120
Speaker 1: I will not forgive them for that, and I think

827
00:41:47,160 --> 00:41:50,480
Speaker 1: it showed tremendous just bureaucratic stasis. But you got their

828
00:41:50,480 --> 00:41:54,120
Speaker 1: stuff together, and as predicted, it really isn't that hard

829
00:41:54,120 --> 00:41:56,160
Speaker 1: to get people to give you credit whenever you do

830
00:41:56,280 --> 00:41:59,040
Speaker 1: something for them. But you know, on the horizon, not

831
00:41:59,160 --> 00:42:01,800
Speaker 1: everything is solved. Let's throw this up there. So OPEC

832
00:42:01,880 --> 00:42:04,920
Speaker 1: plus has actually said that they will have a small

833
00:42:05,000 --> 00:42:09,440
Speaker 1: production cut. That production cut, combined with the so called

834
00:42:09,560 --> 00:42:12,239
Speaker 1: price on Russian oil cap by the G seven not

835
00:42:12,320 --> 00:42:15,680
Speaker 1: exactly going the way that they wanted to also really

836
00:42:15,719 --> 00:42:19,560
Speaker 1: combined with how things go for Europe this winter, still

837
00:42:19,719 --> 00:42:23,040
Speaker 1: very much could push the price of gas to record

838
00:42:23,160 --> 00:42:25,319
Speaker 1: and to new highs. You know, you can't run the

839
00:42:25,480 --> 00:42:27,560
Speaker 1: SPR forever. At a certain point, they're going to have

840
00:42:27,560 --> 00:42:29,400
Speaker 1: to figure out how much is going to come from

841
00:42:29,440 --> 00:42:32,040
Speaker 1: the SPR and how much from the market. The fact

842
00:42:32,120 --> 00:42:35,440
Speaker 1: is is that if Russia does make some different moves

843
00:42:35,480 --> 00:42:38,799
Speaker 1: on oil completely cuts off the G seven both from

844
00:42:38,880 --> 00:42:42,360
Speaker 1: natural gas and from petroleum, that would have a major

845
00:42:42,400 --> 00:42:45,640
Speaker 1: impact it wouldn't take one, maybe one shock or more

846
00:42:45,680 --> 00:42:47,840
Speaker 1: in order to send the price of gas high. Another

847
00:42:47,880 --> 00:42:49,960
Speaker 1: reason the gas is low right now is China's still

848
00:42:50,000 --> 00:42:53,279
Speaker 1: committed to COVID zero, so their demand is much lower

849
00:42:53,280 --> 00:42:55,480
Speaker 1: than normal. They've been selling a lot of their excess

850
00:42:55,560 --> 00:43:01,040
Speaker 1: natural gas capacity to the Europeans. Also, their petroleum is

851
00:43:01,080 --> 00:43:04,360
Speaker 1: down pretty significantly. So if China does open up and

852
00:43:04,480 --> 00:43:06,040
Speaker 1: doesn't commit to COVID, I mean, I don't know how

853
00:43:06,080 --> 00:43:07,520
Speaker 1: much long they can keep it going. But they kept

854
00:43:07,560 --> 00:43:09,759
Speaker 1: longer going than I thought. But let's say, you know,

855
00:43:09,800 --> 00:43:12,799
Speaker 1: three months, Shanghai and all those other places become much

856
00:43:12,840 --> 00:43:15,680
Speaker 1: more active. Well, that also would boost supply and you

857
00:43:15,719 --> 00:43:18,560
Speaker 1: could have gas go back over for so the structural

858
00:43:18,560 --> 00:43:21,560
Speaker 1: problems in our oil markets are not fixed whatsoever. Yeah,

859
00:43:21,600 --> 00:43:23,040
Speaker 1: still a hell of a lot more than they need

860
00:43:23,080 --> 00:43:27,360
Speaker 1: to do. Well, let's go ahead and move on to

861
00:43:27,840 --> 00:43:30,080
Speaker 1: the midterms block because they're direct tie in here, which

862
00:43:30,120 --> 00:43:33,759
Speaker 1: is basically Republicans. With the gas prices going down and

863
00:43:34,400 --> 00:43:36,880
Speaker 1: fewer Americans of inflation is still the number one concern,

864
00:43:36,920 --> 00:43:38,960
Speaker 1: by the way, when polsters ask, but that number has

865
00:43:38,960 --> 00:43:42,320
Speaker 1: been steadily ticking downwards in terms of the percentage of

866
00:43:42,360 --> 00:43:46,360
Speaker 1: Americans who say inflation is their top political issue. Republicans

867
00:43:46,360 --> 00:43:49,879
Speaker 1: are realizing it's not going to be enough for them,

868
00:43:49,920 --> 00:43:52,399
Speaker 1: at least not for the red wave that they were

869
00:43:52,520 --> 00:43:55,120
Speaker 1: originally envisioning. Let's go and put this Washington Post report

870
00:43:55,239 --> 00:43:58,600
Speaker 1: up on the screen. This was very interesting reports. So

871
00:43:58,640 --> 00:44:02,600
Speaker 1: the headline here says GOPC midterm reset as inflation comma,

872
00:44:02,680 --> 00:44:06,160
Speaker 1: abortion temper, ambitions Republican parties host are a red wave

873
00:44:06,200 --> 00:44:10,239
Speaker 1: this November dimmed on flagging fundraising and an emphasis on

874
00:44:10,280 --> 00:44:14,880
Speaker 1: inflation that has lost some of its potency. Now. The

875
00:44:14,920 --> 00:44:17,160
Speaker 1: way that you know that this is actually the case

876
00:44:17,280 --> 00:44:19,520
Speaker 1: is you can see what they're talking about now in

877
00:44:19,560 --> 00:44:24,040
Speaker 1: their ad campaigns. So back in July, about one in

878
00:44:24,080 --> 00:44:29,080
Speaker 1: every six ads mentioned gas prices. In early September, only

879
00:44:29,280 --> 00:44:33,840
Speaker 1: one percent of GOP ads mentioned gas prices. So you

880
00:44:33,880 --> 00:44:37,759
Speaker 1: can tell they've switched dramatically in their messaging here in

881
00:44:37,880 --> 00:44:42,040
Speaker 1: just a few months. Instead, they're focusing on crime. That's

882
00:44:42,080 --> 00:44:44,400
Speaker 1: become a central message of Republicans. The word has been

883
00:44:44,520 --> 00:44:48,000
Speaker 1: used in twenty nine percent of ads. That's up from

884
00:44:48,160 --> 00:44:53,480
Speaker 1: about twelve percent back in July. The NRCCE chairman is

885
00:44:53,760 --> 00:44:56,680
Speaker 1: trying to cast the election as a campaign over security

886
00:44:57,080 --> 00:45:02,839
Speaker 1: that ties in immigration, crime and economic concerns. But you know,

887
00:45:03,000 --> 00:45:05,879
Speaker 1: it wasn't that long ago that they really felt all

888
00:45:05,920 --> 00:45:09,120
Speaker 1: they had to do was say inflation, inflation, inflation, gas prices,

889
00:45:09,120 --> 00:45:12,200
Speaker 1: gas prices, gas prices, and that was going to be enough.

890
00:45:12,239 --> 00:45:14,400
Speaker 1: I mean, that looked like a pretty good bet at

891
00:45:14,400 --> 00:45:17,480
Speaker 1: the time, and now it just doesn't. It's still the

892
00:45:17,560 --> 00:45:21,239
Speaker 1: number one concern, But as abortion increases in terms of

893
00:45:21,280 --> 00:45:24,440
Speaker 1: its potency in this election and not obviously very salient

894
00:45:24,480 --> 00:45:27,279
Speaker 1: on the Democratic side, they are realizing they're going to

895
00:45:27,320 --> 00:45:30,839
Speaker 1: have to do something else that's sort of like aesthetics

896
00:45:30,920 --> 00:45:33,239
Speaker 1: and saying the word inflation not going to be enough

897
00:45:33,239 --> 00:45:34,840
Speaker 1: for them. Yeah, I mean, this is a problem of

898
00:45:34,840 --> 00:45:37,320
Speaker 1: their own making. When you've got nothing else to talk about,

899
00:45:37,400 --> 00:45:39,759
Speaker 1: it's like you just run on the greatest hits. And

900
00:45:40,080 --> 00:45:41,960
Speaker 1: you know, I always thought about this with the crime message,

901
00:45:42,000 --> 00:45:44,959
Speaker 1: which is that it really it only impacts it least

902
00:45:45,120 --> 00:45:47,759
Speaker 1: us the most who live in the bluest areas, Like

903
00:45:48,000 --> 00:45:50,319
Speaker 1: you don't really have much interaction with crime when you

904
00:45:50,360 --> 00:45:53,080
Speaker 1: live in a suburban area. So really it's a reflection

905
00:45:53,320 --> 00:45:55,279
Speaker 1: of like what's happening in blue city and kind of

906
00:45:55,320 --> 00:45:57,760
Speaker 1: hoping that people who live in the suburbs are pissed

907
00:45:57,760 --> 00:46:00,319
Speaker 1: off enough about it in order to vote. Obviously, that

908
00:46:00,360 --> 00:46:03,759
Speaker 1: could happen, but it's not as much as in your

909
00:46:03,800 --> 00:46:05,840
Speaker 1: face as when you go to the gas pump, or

910
00:46:05,840 --> 00:46:07,960
Speaker 1: when you go and you have to buy food and

911
00:46:08,000 --> 00:46:10,799
Speaker 1: your grocery bill is double the price. That's always going

912
00:46:10,880 --> 00:46:13,520
Speaker 1: to be the issue. You have to get some having

913
00:46:13,600 --> 00:46:16,760
Speaker 1: to motivate someone on what's happening somewhere else as opposed

914
00:46:16,800 --> 00:46:19,320
Speaker 1: to what's happening directly towards you. That's always going to

915
00:46:19,400 --> 00:46:21,520
Speaker 1: matter the most. That's why I always thought inflation was

916
00:46:21,520 --> 00:46:24,279
Speaker 1: the most potent thing that they had. And the real

917
00:46:24,520 --> 00:46:28,160
Speaker 1: the problem also remains is the Biden actually did something

918
00:46:28,200 --> 00:46:31,120
Speaker 1: about it, and they never really gave us anything. You know,

919
00:46:31,200 --> 00:46:33,920
Speaker 1: look drill more oil, like sure, I think that's fine,

920
00:46:34,000 --> 00:46:37,480
Speaker 1: but they didn't have anything even more actionable. Same whenever

921
00:46:37,480 --> 00:46:39,880
Speaker 1: it came to food, they didn't really make their case

922
00:46:40,239 --> 00:46:42,920
Speaker 1: in the same way. The problem they had is they

923
00:46:42,920 --> 00:46:45,480
Speaker 1: were on the upswing whenever it was forces that were

924
00:46:45,520 --> 00:46:48,479
Speaker 1: outside of the control, and now they're downside whenever their

925
00:46:48,680 --> 00:46:52,560
Speaker 1: forces control complete. You don't want to exactly, you don't

926
00:46:52,600 --> 00:46:55,080
Speaker 1: want to be at the whims of wherever the national

927
00:46:55,120 --> 00:46:57,440
Speaker 1: things wherever the national wins are going, and to be

928
00:46:57,520 --> 00:47:00,360
Speaker 1: fair to them in some respects that it's just the

929
00:47:00,440 --> 00:47:03,040
Speaker 1: nature of being a party out of power, because when

930
00:47:03,080 --> 00:47:04,960
Speaker 1: you have the presidency and you have the House, and

931
00:47:05,000 --> 00:47:06,359
Speaker 1: you have the Senate, you just have a lot more

932
00:47:06,400 --> 00:47:08,399
Speaker 1: tools in your control to set the agenda, to set

933
00:47:08,440 --> 00:47:10,839
Speaker 1: the narrative. I mean, Trump was obviously the best at

934
00:47:10,880 --> 00:47:14,160
Speaker 1: this of all time, probably and forcing the media to

935
00:47:14,200 --> 00:47:16,799
Speaker 1: cover the things that he wanted them to cover. But yeah,

936
00:47:16,840 --> 00:47:19,040
Speaker 1: when you're the party out of power, that becomes a

937
00:47:19,080 --> 00:47:23,080
Speaker 1: lot more difficult. And so normally in these midterm elections,

938
00:47:23,120 --> 00:47:26,520
Speaker 1: when you have a president who not that popular now

939
00:47:26,560 --> 00:47:29,279
Speaker 1: even with his little tickup and approval runing still underwater,

940
00:47:29,400 --> 00:47:33,200
Speaker 1: still not by historic metrics, doing all that well, that

941
00:47:33,400 --> 00:47:36,960
Speaker 1: should be very fertile national grounds for them. But obviously

942
00:47:37,000 --> 00:47:39,799
Speaker 1: everything changed with Dubs in a way that frankly, i'm

943
00:47:39,840 --> 00:47:43,520
Speaker 1: surprised how much jobs and the overturning of ROVERSUS weighed

944
00:47:43,960 --> 00:47:46,319
Speaker 1: really shifted the landscape. And the more that you look

945
00:47:46,360 --> 00:47:49,759
Speaker 1: at the numbers, more you see women registering, the more

946
00:47:49,800 --> 00:47:52,799
Speaker 1: you see young people registering, and obviously the outperformance of

947
00:47:52,840 --> 00:47:57,720
Speaker 1: Democrats in these special elections so I would say Republicans

948
00:47:57,800 --> 00:48:01,160
Speaker 1: really their prospects peaked about the time Glenn Youngkin was

949
00:48:01,200 --> 00:48:05,160
Speaker 1: winning the gubernatorial election in the state of Virginia. That

950
00:48:05,360 --> 00:48:07,880
Speaker 1: was when the national wins were sort of the best

951
00:48:07,960 --> 00:48:10,920
Speaker 1: for Republicans. Where you had crime concerns, I would say,

952
00:48:10,920 --> 00:48:14,760
Speaker 1: we're at their height. Then you also had COVID school

953
00:48:15,040 --> 00:48:18,680
Speaker 1: concerns and the lockdown conversation that was still, you know,

954
00:48:18,880 --> 00:48:21,600
Speaker 1: extraordinarily potent. That has lost a lot of its potency

955
00:48:21,600 --> 00:48:24,160
Speaker 1: because schools are open and people are back to normal life.

956
00:48:24,280 --> 00:48:26,279
Speaker 1: COVID is a priority on the right hand. Left has

957
00:48:26,320 --> 00:48:31,400
Speaker 1: completely fallen off, So those cultural issues are no longer

958
00:48:31,520 --> 00:48:35,000
Speaker 1: booing Republicans and they're left trying to figure out, Okay,

959
00:48:35,160 --> 00:48:38,399
Speaker 1: well just saying, hey, the Democrats are terrible. That's not

960
00:48:38,440 --> 00:48:40,960
Speaker 1: really working out for us anymore because they have done

961
00:48:40,960 --> 00:48:44,480
Speaker 1: a few things because of abortion, because inflation is going down,

962
00:48:45,160 --> 00:48:47,960
Speaker 1: So what are we going to run on? Kevin McCarthy

963
00:48:48,239 --> 00:48:50,839
Speaker 1: has been working with Newt Gingrich to come up with

964
00:48:50,880 --> 00:48:55,000
Speaker 1: some sort of like positive GOP agenda that they can announce.

965
00:48:55,440 --> 00:48:59,120
Speaker 1: He's planning to unveil that in Pittsburgh on September nineteenth.

966
00:48:59,280 --> 00:49:01,520
Speaker 1: Axio Scott a little bit of a peek at some

967
00:49:01,600 --> 00:49:03,360
Speaker 1: of the things that they're talking about. Let's go and

968
00:49:03,360 --> 00:49:05,000
Speaker 1: put this up on the screen, and they say, scoop

969
00:49:05,040 --> 00:49:09,400
Speaker 1: McCarthy's commitment to America roll out. I mean the sections

970
00:49:09,400 --> 00:49:11,319
Speaker 1: they've got here. First of all, it's very vague. It'st

971
00:49:11,320 --> 00:49:13,680
Speaker 1: a lot of generalities. These are not the specifics. We'll

972
00:49:13,680 --> 00:49:16,279
Speaker 1: get the specifics, I guess on September nineteenth. But you

973
00:49:16,320 --> 00:49:19,360
Speaker 1: know they have these four categories. Number one in economy

974
00:49:19,400 --> 00:49:23,240
Speaker 1: that is strong, focusing specifically on inflation, high gas prices,

975
00:49:23,239 --> 00:49:26,800
Speaker 1: supply chain issues, and competition with China. And McCarthy says

976
00:49:27,520 --> 00:49:30,000
Speaker 1: members should pledge to put an end to build back

977
00:49:30,000 --> 00:49:32,960
Speaker 1: better and eliminate wasteful government spending, so basically deficit cutting.

978
00:49:33,680 --> 00:49:35,640
Speaker 1: That's you know, the focus of that. When a little

979
00:49:35,880 --> 00:49:38,840
Speaker 1: Paul Ryan throwback. A nation that is safe, that's the

980
00:49:39,080 --> 00:49:42,440
Speaker 1: crime and immigration one. A future that is free, okay,

981
00:49:42,440 --> 00:49:45,080
Speaker 1: whatever that means. Make sure every kid in every neighborhood

982
00:49:45,120 --> 00:49:48,760
Speaker 1: can can succeed, confront big tech and advance free speech.

983
00:49:48,800 --> 00:49:51,200
Speaker 1: Of course, when they've had an opportunity to confront big tech,

984
00:49:51,200 --> 00:49:53,360
Speaker 1: they have failed to do that. We'll put that aside.

985
00:49:53,520 --> 00:49:57,040
Speaker 1: And finally, a government that is accountable. This is the

986
00:49:57,080 --> 00:49:59,280
Speaker 1: part that they actually will do if they get control,

987
00:49:59,400 --> 00:50:01,719
Speaker 1: which is all all of their oversight efforts, which is

988
00:50:01,800 --> 00:50:05,120
Speaker 1: you know, and listen to investigations and to Hunter Biden,

989
00:50:05,280 --> 00:50:10,160
Speaker 1: Anthony Fauci, Danery six Commission. You know, I can't remember

990
00:50:10,160 --> 00:50:12,360
Speaker 1: what the other ones were that they were, oh, mayor Garland,

991
00:50:12,400 --> 00:50:15,360
Speaker 1: they wanted to investigate, so all of their various investigations.

992
00:50:15,600 --> 00:50:18,000
Speaker 1: One thing I did find noteworthy sagres. Remember how McCarthy

993
00:50:18,040 --> 00:50:20,200
Speaker 1: was like, Oh, we're totally going to ban stop trading

994
00:50:20,840 --> 00:50:23,719
Speaker 1: by members. That's not mentioned here. Yeah, I mean, this

995
00:50:23,800 --> 00:50:27,360
Speaker 1: is just this is just standard, you know, very just

996
00:50:27,480 --> 00:50:29,600
Speaker 1: be how many times we have to watch this. It's like,

997
00:50:30,040 --> 00:50:32,960
Speaker 1: my least favorite are these fake commitments. And then also

998
00:50:33,320 --> 00:50:35,239
Speaker 1: every president after the State of the Union is like,

999
00:50:35,239 --> 00:50:38,280
Speaker 1: we're going to barnstorm the country with this new slogan,

1000
00:50:38,320 --> 00:50:40,120
Speaker 1: and then after like two months you don't hear anything.

1001
00:50:41,920 --> 00:50:44,200
Speaker 1: Let us all a break, you like, in the modern era,

1002
00:50:44,200 --> 00:50:46,400
Speaker 1: it's even sure it's like two days. Yeah, you're right,

1003
00:50:46,719 --> 00:50:50,120
Speaker 1: they've moved on to just beathetic by what's happening to

1004
00:50:50,120 --> 00:50:52,040
Speaker 1: them at this point. They should just be like, yeah, look,

1005
00:50:52,200 --> 00:50:54,799
Speaker 1: we're banking on the national wins at the same time. Look,

1006
00:50:54,840 --> 00:50:56,560
Speaker 1: you know, with the polls and all that, we should

1007
00:50:56,560 --> 00:50:58,319
Speaker 1: always add the caveat, which is that I think I'll

1008
00:50:58,360 --> 00:51:00,480
Speaker 1: do something on this tomorrow, which is that all of

1009
00:51:00,520 --> 00:51:03,040
Speaker 1: the polls where things are most enthusiastic for Dems are

1010
00:51:03,080 --> 00:51:05,720
Speaker 1: where the biggest misses for Dems were in twenty twenty.

1011
00:51:06,040 --> 00:51:08,680
Speaker 1: It's possible that things actually haven't changed that much at all,

1012
00:51:09,000 --> 00:51:12,000
Speaker 1: or that all of the structurals really aren't that different,

1013
00:51:12,040 --> 00:51:14,719
Speaker 1: and that really it's just twenty twenty all over again,

1014
00:51:14,760 --> 00:51:17,840
Speaker 1: where it's a pretty tight election. I think that's actually

1015
00:51:17,880 --> 00:51:20,680
Speaker 1: I probably that's probably the most. It's so important that

1016
00:51:20,719 --> 00:51:23,680
Speaker 1: we say because part of why we talk about this

1017
00:51:23,719 --> 00:51:26,000
Speaker 1: so much is because there's been such a shift. I mean,

1018
00:51:26,040 --> 00:51:30,600
Speaker 1: we were really looking at massive Republican gains in the House,

1019
00:51:30,719 --> 00:51:34,840
Speaker 1: like historic level margins, history like huge gains in the Senate,

1020
00:51:34,920 --> 00:51:39,120
Speaker 1: definitely taking control Mitch McConnell back in. And so don't

1021
00:51:39,120 --> 00:51:41,320
Speaker 1: mistake any of this for us saying like, oh, Democrats

1022
00:51:41,360 --> 00:51:42,920
Speaker 1: are going to romp now and they're going to keep

1023
00:51:42,960 --> 00:51:45,560
Speaker 1: the House and whatever. It's still very likely Republicans win

1024
00:51:45,640 --> 00:51:48,600
Speaker 1: the House. Yeah, Senate is probably fifty to fifty in

1025
00:51:48,680 --> 00:51:50,920
Speaker 1: terms of what's going to happen there. But this is

1026
00:51:51,000 --> 00:51:54,720
Speaker 1: just very, very different from what the landscape was looking

1027
00:51:54,800 --> 00:51:58,640
Speaker 1: like previously. Yeah, that's right. At the same time, this

1028
00:51:58,680 --> 00:52:01,480
Speaker 1: is funny. So Republicans are now, you know, they are

1029
00:52:01,520 --> 00:52:04,279
Speaker 1: having a lot of trouble in terms of cash shortage

1030
00:52:04,360 --> 00:52:08,160
Speaker 1: and Trump with his pack they raise a ton of

1031
00:52:08,160 --> 00:52:10,000
Speaker 1: money that they didn't spend and we'll get into some

1032
00:52:10,120 --> 00:52:13,439
Speaker 1: legal jeopardy over that momentarily, but they're trying to push

1033
00:52:13,520 --> 00:52:16,360
Speaker 1: him to spend his pack money in these Senate races

1034
00:52:16,360 --> 00:52:18,880
Speaker 1: in particular. Put this up on the screen now, of course.

1035
00:52:19,320 --> 00:52:22,200
Speaker 1: So here's the tweet, says news Republicans want Trump to

1036
00:52:22,200 --> 00:52:24,560
Speaker 1: move his ninety nine million dollars in PAC money into

1037
00:52:24,560 --> 00:52:27,920
Speaker 1: the Senate races. McConnell, who is not really on speaking

1038
00:52:28,000 --> 00:52:31,120
Speaker 1: terms of Trump, I think advising Trump friendly candidates and

1039
00:52:31,160 --> 00:52:34,160
Speaker 1: senators to urge Trump to transfer millions into super pac

1040
00:52:34,239 --> 00:52:38,120
Speaker 1: supporting GOP candidates. There's been a lot of maneuvering behind

1041
00:52:38,160 --> 00:52:41,920
Speaker 1: the scenes to try to fill the coffers and backstop

1042
00:52:42,480 --> 00:52:46,240
Speaker 1: the fundraising of candidates Blake Masters in particular, JdE Vance

1043
00:52:46,320 --> 00:52:49,400
Speaker 1: as well, but the Senate Republican candid across the board

1044
00:52:49,680 --> 00:52:52,000
Speaker 1: They have a lot of very inexperienced candidates who have

1045
00:52:52,040 --> 00:52:55,040
Speaker 1: turned out to be extremely poor fundraisers. You have the

1046
00:52:55,840 --> 00:53:00,520
Speaker 1: Rick Scott heading up the Republican senatorial arm that wasted

1047
00:53:00,719 --> 00:53:05,000
Speaker 1: like blew through their entire cash hall on digit trying

1048
00:53:05,000 --> 00:53:08,319
Speaker 1: to build their digital fundraising which did not work out whatsoever.

1049
00:53:08,840 --> 00:53:12,280
Speaker 1: So they're in desperate straits. McConnell was sort of begging

1050
00:53:12,320 --> 00:53:14,640
Speaker 1: Peter Teal to get back in in the Blake Master's

1051
00:53:14,760 --> 00:53:16,960
Speaker 1: race in particular. That seems to be one where the

1052
00:53:16,960 --> 00:53:19,560
Speaker 1: cash shortage in particular is a big problem. Not a

1053
00:53:19,640 --> 00:53:22,239
Speaker 1: lot of ads reserved for the fall. Mark Kelly has

1054
00:53:22,239 --> 00:53:26,479
Speaker 1: been a prolific fundraiser, the Democrat who's the obvious incumbent there,

1055
00:53:26,960 --> 00:53:30,000
Speaker 1: So this is the latest effort is like, where can

1056
00:53:30,040 --> 00:53:33,160
Speaker 1: we drum up some cash. Something tells me that Trump

1057
00:53:33,239 --> 00:53:36,120
Speaker 1: is not going to be that receptive to this message. Yeah,

1058
00:53:36,160 --> 00:53:39,560
Speaker 1: I don't think so. Look, I think it's funny because

1059
00:53:39,640 --> 00:53:42,040
Speaker 1: Trump is the juggernaut when he just doesn't care about

1060
00:53:42,080 --> 00:53:45,600
Speaker 1: the rest of Republicans, leaving them scrambling. Right now, McConnell

1061
00:53:45,640 --> 00:53:47,680
Speaker 1: and Peter Teal are like in a standoff on who's

1062
00:53:47,719 --> 00:53:50,640
Speaker 1: going to try and bail out Blake Masters. We'll see

1063
00:53:50,719 --> 00:53:52,720
Speaker 1: how that goes. I think it's outrageous, you know, frankly,

1064
00:53:52,800 --> 00:53:57,040
Speaker 1: it just it's Arizona is clearly like a battleground. McConnell,

1065
00:53:57,360 --> 00:54:01,359
Speaker 1: you know, using his status of being former teal person

1066
00:54:01,400 --> 00:54:02,799
Speaker 1: and be like, you need to cough up money if

1067
00:54:02,800 --> 00:54:04,920
Speaker 1: you want me to spend anything. At the same time, like,

1068
00:54:04,960 --> 00:54:07,040
Speaker 1: why should McConnell have all that power in the first place.

1069
00:54:07,080 --> 00:54:08,839
Speaker 1: It shouldn't be that way. Trump is a big part

1070
00:54:08,880 --> 00:54:10,839
Speaker 1: of that too. So I'm not saying I feel bad.

1071
00:54:10,880 --> 00:54:12,960
Speaker 1: I just think it's funny. It's yeah, I just find

1072
00:54:12,960 --> 00:54:15,680
Speaker 1: the whole thing hilarious. Yeah. And a lot of the

1073
00:54:15,719 --> 00:54:18,760
Speaker 1: reason that they have this lineup of candidates is because

1074
00:54:18,760 --> 00:54:21,439
Speaker 1: of Trump. So it doesn't make sense that they'd be like, hey,

1075
00:54:21,440 --> 00:54:24,480
Speaker 1: these are your people. You are the reason we have

1076
00:54:24,640 --> 00:54:27,160
Speaker 1: this slate of candidates. Doctor Os and Pennsylvania and Blake,

1077
00:54:27,160 --> 00:54:31,239
Speaker 1: matt all these people, herschel Walker, jd Vance. Those were

1078
00:54:31,280 --> 00:54:34,920
Speaker 1: all the Trump picks. So now that they're struggling in

1079
00:54:34,960 --> 00:54:38,799
Speaker 1: fundraising and struggling in the polls, it makes logical sense

1080
00:54:38,800 --> 00:54:40,360
Speaker 1: that you'd be like, hey, buddy, you're going to support

1081
00:54:40,360 --> 00:54:43,680
Speaker 1: your guys here. But of course he doesn't care, so

1082
00:54:43,920 --> 00:54:46,440
Speaker 1: he wants to sit on do whatever he's going to

1083
00:54:46,600 --> 00:54:50,560
Speaker 1: ultimately do with it. McConnell really in the really in

1084
00:54:50,600 --> 00:54:53,360
Speaker 1: a strong position now in spite of all the rhetorics

1085
00:54:53,680 --> 00:54:55,320
Speaker 1: out of the primaries about oh, we're not going to

1086
00:54:55,400 --> 00:54:57,600
Speaker 1: vote for him for a leader and whatever, and now

1087
00:54:57,640 --> 00:55:00,480
Speaker 1: Blake masters having to suck up to him to be

1088
00:55:00,520 --> 00:55:02,480
Speaker 1: able to get the cash to be able to compete

1089
00:55:02,520 --> 00:55:06,400
Speaker 1: in the States. So we'll see how that all goes. Okay, So,

1090
00:55:06,520 --> 00:55:08,719
Speaker 1: at the same time, that very same pack is coming

1091
00:55:08,760 --> 00:55:13,520
Speaker 1: under some federal scrutiny of grand jury investigation into Trump's

1092
00:55:13,560 --> 00:55:15,759
Speaker 1: Save America Pack. Let's go and put this up on

1093
00:55:15,800 --> 00:55:19,320
Speaker 1: the screen for this next portion. So this was revealed

1094
00:55:19,360 --> 00:55:23,040
Speaker 1: last week. Trump's post election fundraising comes under scrutiny by

1095
00:55:23,040 --> 00:55:25,840
Speaker 1: the Justice Department. A federal grand jury is issued subpoena

1096
00:55:25,840 --> 00:55:29,160
Speaker 1: and sinking information about Save America Pack, which was formed

1097
00:55:29,200 --> 00:55:32,800
Speaker 1: as Donald J. Trump promoted baseless assertions about election fraud.

1098
00:55:33,280 --> 00:55:36,400
Speaker 1: They go on to say that a federal grand jury

1099
00:55:36,520 --> 00:55:39,640
Speaker 1: is examining here in DC, by the way, is examining

1100
00:55:39,640 --> 00:55:43,400
Speaker 1: the formation of and spending by a fundraising operation created

1101
00:55:43,440 --> 00:55:46,239
Speaker 1: by Trump right after his loss, as he was soliciting

1102
00:55:46,280 --> 00:55:49,879
Speaker 1: millions of dollars asserting widespread voting fraud, which of course

1103
00:55:50,000 --> 00:55:52,960
Speaker 1: was not true according to the subpoenas issued by that

1104
00:55:53,000 --> 00:55:55,919
Speaker 1: grand jury. The Justice Department is interested in the inner

1105
00:55:55,920 --> 00:55:59,680
Speaker 1: workings of Save America Pack, and they have been sending

1106
00:55:59,680 --> 00:56:02,560
Speaker 1: some as two junior and mid level aides who worked

1107
00:56:02,560 --> 00:56:06,560
Speaker 1: in the White House and for mister Trump's presidential campaign. Now,

1108
00:56:07,360 --> 00:56:10,239
Speaker 1: this pack, we've been covering it for a long time.

1109
00:56:10,280 --> 00:56:13,000
Speaker 1: That years was founded, right, I think it was two

1110
00:56:13,080 --> 00:56:16,280
Speaker 1: days after election day, So this was they were sending

1111
00:56:16,280 --> 00:56:19,640
Speaker 1: out sometimes twenty five solicitations a day for this frickin thing,

1112
00:56:19,719 --> 00:56:22,200
Speaker 1: saying like fight back against election fraud. We're going to

1113
00:56:22,239 --> 00:56:26,360
Speaker 1: stop the deal. And so people poured money, by millions

1114
00:56:26,360 --> 00:56:30,080
Speaker 1: of dollars into this. Most of that money was never spent,

1115
00:56:31,200 --> 00:56:33,279
Speaker 1: and well, on stop the steam now, most of it

1116
00:56:33,400 --> 00:56:35,560
Speaker 1: was never spent. Yes, one hundred and thirty five million

1117
00:56:35,600 --> 00:56:38,520
Speaker 1: dollars was brought in, they spent thirty six million. And yeah,

1118
00:56:38,600 --> 00:56:41,040
Speaker 1: even that thirty six million that they spent, a tiny,

1119
00:56:41,080 --> 00:56:44,719
Speaker 1: tiny fraction of it had anything to do with election fraud. Now,

1120
00:56:44,800 --> 00:56:49,200
Speaker 1: I'm surprised that there are questions, unfortunately, because our campaign

1121
00:56:49,200 --> 00:56:51,520
Speaker 1: finance laws are so loose. I'm actually surprised that there

1122
00:56:51,520 --> 00:56:56,200
Speaker 1: are legit legal questions about the spending they you know,

1123
00:56:56,560 --> 00:56:58,480
Speaker 1: in his defense, they're saying like, oh, it's just a

1124
00:56:58,560 --> 00:57:01,719
Speaker 1: marketing ploy to get people to donate. But there's a

1125
00:57:01,719 --> 00:57:04,880
Speaker 1: lot of looseness in terms of how you raise the

1126
00:57:04,920 --> 00:57:07,080
Speaker 1: money and how it has to be spent. But this

1127
00:57:07,239 --> 00:57:10,080
Speaker 1: got a lot more attention also after the January sixth

1128
00:57:10,120 --> 00:57:12,680
Speaker 1: Committee talked some about how they were raising money for

1129
00:57:12,760 --> 00:57:15,960
Speaker 1: this what they described as an official election defense fund,

1130
00:57:16,040 --> 00:57:19,600
Speaker 1: even though no such fund existed. So apparently there are

1131
00:57:19,600 --> 00:57:23,360
Speaker 1: some questions over whether there was actual illegality in the

1132
00:57:23,400 --> 00:57:25,200
Speaker 1: way that this was formed and the way that the

1133
00:57:25,200 --> 00:57:27,640
Speaker 1: fundraising was conducted. It could be the fundraising. It could

1134
00:57:27,680 --> 00:57:30,960
Speaker 1: also be the role in the Save America packs giving

1135
00:57:31,040 --> 00:57:33,480
Speaker 1: money to the false Elector scheme, so it could be

1136
00:57:33,480 --> 00:57:36,240
Speaker 1: funding towards that. Remember there's also that state investigation going

1137
00:57:36,240 --> 00:57:38,720
Speaker 1: on in Georgia. I think we should look grand jury's

1138
00:57:38,760 --> 00:57:41,080
Speaker 1: issued something. We don't know anything about it. Yeah, but

1139
00:57:41,200 --> 00:57:43,280
Speaker 1: you know, probably not looking good for all of them.

1140
00:57:43,280 --> 00:57:46,400
Speaker 1: Trump is just getting attacked really on all fronts. But

1141
00:57:46,600 --> 00:57:48,120
Speaker 1: you know, an easy way to do that is not

1142
00:57:48,160 --> 00:57:50,040
Speaker 1: scam people out of one hundred million. Yeah about that?

1143
00:57:50,320 --> 00:57:52,640
Speaker 1: How about that? What you are mentioned that apparently Trump

1144
00:57:52,680 --> 00:57:54,600
Speaker 1: is in DC this week, and yes, ok, but he

1145
00:57:54,680 --> 00:57:57,000
Speaker 1: really knows why. I don't have a lot of details.

1146
00:57:57,120 --> 00:58:00,320
Speaker 1: Trump is here. He's here in the Washington area. He

1147
00:58:00,480 --> 00:58:03,840
Speaker 1: landed at Dallas Airport last night. None of us have

1148
00:58:04,160 --> 00:58:06,520
Speaker 1: any idea why. We don't even know where he's saying.

1149
00:58:07,400 --> 00:58:11,360
Speaker 1: We don't know what he's doing. Not scheduled, Yeah, not

1150
00:58:11,440 --> 00:58:15,160
Speaker 1: scheduled to give a speech. He's not scheduled to do anything.

1151
00:58:15,440 --> 00:58:19,560
Speaker 1: So there's rampant speculation online. I can't give you any

1152
00:58:19,560 --> 00:58:21,640
Speaker 1: of that. I'm just gonna tell you the man is here.

1153
00:58:22,040 --> 00:58:24,200
Speaker 1: We don't really know why. Maybe we'll have an updated

1154
00:58:24,280 --> 00:58:27,040
Speaker 1: So what speculation is? Okay, let me give let me

1155
00:58:27,080 --> 00:58:30,600
Speaker 1: couch it all in like the most deranged conspiracy. And

1156
00:58:30,640 --> 00:58:34,240
Speaker 1: this is total, rampant, baseless spec I know there's no

1157
00:58:34,280 --> 00:58:36,760
Speaker 1: evidence for any of this, so please okay. Number one,

1158
00:58:37,040 --> 00:58:39,400
Speaker 1: he could be here to visit Walter Read Medical Center.

1159
00:58:39,520 --> 00:58:42,160
Speaker 1: He's a former president, that's his would be his hospital,

1160
00:58:42,240 --> 00:58:45,320
Speaker 1: or presumably Standard Gart right, but presumably at the same time,

1161
00:58:45,400 --> 00:58:47,680
Speaker 1: you can receive standard medical here anyway, So why would

1162
00:58:47,720 --> 00:58:50,280
Speaker 1: you even be here? Number two. Surprise speech could be

1163
00:58:50,280 --> 00:58:53,360
Speaker 1: surprise reelection, could be a surprise rally, could be surprise appearance,

1164
00:58:53,440 --> 00:58:55,880
Speaker 1: could be announct could be announcing re elect could be

1165
00:58:55,880 --> 00:58:58,680
Speaker 1: announcing a midterm campaign, could be headlining an RNC fundraiser

1166
00:58:58,720 --> 00:59:01,440
Speaker 1: that we don't know about. So that that there, And

1167
00:59:01,480 --> 00:59:05,240
Speaker 1: then the craziest one would be is meeting with federal

1168
00:59:05,240 --> 00:59:08,560
Speaker 1: investigators of some kind. He is sitting down for a

1169
00:59:08,560 --> 00:59:11,360
Speaker 1: subpoena for an interview. But I do feel like he

1170
00:59:11,360 --> 00:59:14,160
Speaker 1: would release that. I don't think they would happen in secret.

1171
00:59:14,480 --> 00:59:16,640
Speaker 1: Maybe it's maybe they negotiate it that way. I have

1172
00:59:16,680 --> 00:59:19,120
Speaker 1: no idea anyway. All I know is the man is here.

1173
00:59:19,200 --> 00:59:23,480
Speaker 1: That's interesting, Okay, yeah, very interesting. All right. Next, we

1174
00:59:23,520 --> 00:59:25,480
Speaker 1: want to move on to because we don't want to

1175
00:59:25,480 --> 00:59:28,320
Speaker 1: lose sight of the fact that in Jackson, Mississippi, the

1176
00:59:28,360 --> 00:59:32,040
Speaker 1: residents still cannot drink the water. And now we actually

1177
00:59:32,040 --> 00:59:35,640
Speaker 1: have the EPA launching an investigation into what the hell

1178
00:59:35,720 --> 00:59:37,320
Speaker 1: is going on there. Let's go ahead and put this

1179
00:59:37,400 --> 00:59:40,400
Speaker 1: up on the screen. So this is CBS News. They say,

1180
00:59:40,440 --> 00:59:45,160
Speaker 1: EPA launches investigation into Jackson, Mississippi water crisis. The EPA

1181
00:59:45,200 --> 00:59:47,760
Speaker 1: has launched a review of that water crisis, which of

1182
00:59:47,760 --> 00:59:50,880
Speaker 1: course left thousands of residents without water for days, and

1183
00:59:50,960 --> 00:59:53,240
Speaker 1: they have been on I really think it's important not

1184
00:59:53,280 --> 00:59:55,160
Speaker 1: to lose sight of this city has been on a

1185
00:59:55,200 --> 00:59:58,200
Speaker 1: boil alert for well over a month at this point,

1186
00:59:58,240 --> 01:00:03,040
Speaker 1: which continues to this day. The EPA's Office of Inspector

1187
01:00:03,080 --> 01:00:06,040
Speaker 1: General told CBS knew the news the agency had launched

1188
01:00:06,080 --> 01:00:09,920
Speaker 1: a multidisciplinary review. They have sent personnel to Jackson who

1189
01:00:09,920 --> 01:00:14,000
Speaker 1: are currently on the ground collecting data and conducting interviews

1190
01:00:14,040 --> 01:00:18,080
Speaker 1: surrounding work related to the city's water system. And listen,

1191
01:00:18,160 --> 01:00:21,440
Speaker 1: as we have been covering now for quite a while, Jackson,

1192
01:00:21,920 --> 01:00:25,040
Speaker 1: back two winters ago, had a disaster in terms of

1193
01:00:25,120 --> 01:00:28,160
Speaker 1: their water system. So this has been ongoing problems for

1194
01:00:28,240 --> 01:00:31,120
Speaker 1: years and years of this system, which is one hundred

1195
01:00:31,200 --> 01:00:35,600
Speaker 1: years old. It's decaying. It's a disaster for these residents.

1196
01:00:35,680 --> 01:00:40,560
Speaker 1: Broke down during this winter crisis. Sufficient fixes we're not undertaken.

1197
01:00:40,600 --> 01:00:42,720
Speaker 1: In spite of the fact Mississippi did, in fact get

1198
01:00:42,720 --> 01:00:46,040
Speaker 1: a lot of money from the federal infrastructure package, the

1199
01:00:46,320 --> 01:00:50,200
Speaker 1: overwhelming majority of that has not gone to Jackson. And

1200
01:00:50,440 --> 01:00:53,920
Speaker 1: let me just show you I mean still now, this

1201
01:00:53,960 --> 01:00:55,840
Speaker 1: is from I think two days ago. This is what

1202
01:00:55,880 --> 01:00:59,200
Speaker 1: the water looks like for some residents in Jackson, for

1203
01:00:59,200 --> 01:01:01,840
Speaker 1: those of you who can see this or just listening,

1204
01:01:01,920 --> 01:01:05,720
Speaker 1: I mean, it is as brown as it looks like coffee. Yeah,

1205
01:01:05,760 --> 01:01:08,320
Speaker 1: it looks actually darker than coffee, to be honest with you,

1206
01:01:08,400 --> 01:01:11,800
Speaker 1: coming out of the tap. It's just absolutely disgusting. And

1207
01:01:11,840 --> 01:01:14,240
Speaker 1: this is the capital city of Mississippi, and this is

1208
01:01:14,240 --> 01:01:17,280
Speaker 1: what residents are dealing with. Yeah, it's really horrific. And look,

1209
01:01:17,360 --> 01:01:20,800
Speaker 1: I mean it's just obviously systemic. The interesting thing on

1210
01:01:20,840 --> 01:01:24,280
Speaker 1: the EPA and other regulations is that that might subsume

1211
01:01:24,520 --> 01:01:27,400
Speaker 1: an investigation of whatever the state is going to try

1212
01:01:27,440 --> 01:01:28,640
Speaker 1: and do, because I do think a lot of I

1213
01:01:28,720 --> 01:01:30,560
Speaker 1: should say on this. I mean, look the city of Flint,

1214
01:01:30,600 --> 01:01:32,200
Speaker 1: I mean, in what happened in there, there was a

1215
01:01:32,320 --> 01:01:34,800
Speaker 1: hell of a lot of criminality that was involved all

1216
01:01:34,840 --> 01:01:37,120
Speaker 1: the way at the very very top, and all those

1217
01:01:37,160 --> 01:01:40,120
Speaker 1: people basically got away with it. So if the Feds

1218
01:01:40,200 --> 01:01:42,680
Speaker 1: are able to come in and at least provide some

1219
01:01:42,760 --> 01:01:44,919
Speaker 1: oversight or have an investigator will give us a clearer

1220
01:01:45,000 --> 01:01:47,360
Speaker 1: view of what happened then Flint, I mean, Obama and

1221
01:01:47,360 --> 01:01:49,720
Speaker 1: them really did drop I mean Trump too, really dropped

1222
01:01:49,720 --> 01:01:52,520
Speaker 1: the ball absolutely on what happened in that investigation. So

1223
01:01:52,600 --> 01:01:54,560
Speaker 1: this would actually be an area for them to be

1224
01:01:54,600 --> 01:01:56,240
Speaker 1: able to step up and actually tell us about what

1225
01:01:56,240 --> 01:01:59,320
Speaker 1: the hell happened here, because Jackson is just the bleeding edge,

1226
01:01:59,360 --> 01:02:01,240
Speaker 1: right would Jackson the worst of the worst or the worst?

1227
01:02:01,520 --> 01:02:04,600
Speaker 1: How many cities are close to this? I really want

1228
01:02:04,640 --> 01:02:06,600
Speaker 1: to know. I mean it's interesting. I live in a

1229
01:02:06,760 --> 01:02:09,800
Speaker 1: historic area and they tell us all the time. They're like, hey,

1230
01:02:09,800 --> 01:02:12,480
Speaker 1: you know the cities from seventeen hundreds, like the sewage

1231
01:02:12,480 --> 01:02:16,280
Speaker 1: system just backs up sometimes and I'm like, hold, like wait, what,

1232
01:02:16,440 --> 01:02:20,000
Speaker 1: we lived five miles from Washington, DC. How's that even possible?

1233
01:02:20,400 --> 01:02:24,160
Speaker 1: So this is a problem. I think that plagu's huge

1234
01:02:24,200 --> 01:02:26,960
Speaker 1: portions of the country. We just learn about it in

1235
01:02:27,040 --> 01:02:29,880
Speaker 1: the most failed areas. That's right of our say, that's right,

1236
01:02:29,920 --> 01:02:34,040
Speaker 1: that's exactly right. And I mean West Virginia has had

1237
01:02:34,120 --> 01:02:36,880
Speaker 1: huge problems with their water systems. There was I think

1238
01:02:36,880 --> 01:02:40,200
Speaker 1: it's Martin County, Kentucky that for years was having similar

1239
01:02:40,240 --> 01:02:42,640
Speaker 1: problems where I mean, you know some of these places

1240
01:02:42,640 --> 01:02:46,600
Speaker 1: where the tax base has massively declined, and Jackson you

1241
01:02:46,680 --> 01:02:48,520
Speaker 1: had huge white flights, So you know, I now have

1242
01:02:48,560 --> 01:02:53,600
Speaker 1: a very like high poverty level and majority black population.

1243
01:02:54,040 --> 01:02:56,320
Speaker 1: So you've had this huge decline in the tax space

1244
01:02:56,760 --> 01:02:59,480
Speaker 1: and they don't have the local money in order to

1245
01:02:59,600 --> 01:03:03,640
Speaker 1: keep the infrastructure updated. And it is not just the

1246
01:03:03,680 --> 01:03:05,919
Speaker 1: water system. This is what you would see in these

1247
01:03:06,280 --> 01:03:09,520
Speaker 1: towns in West Virginia and the eastern part of Kentucky too,

1248
01:03:09,600 --> 01:03:11,560
Speaker 1: where they used to have this huge tax space because

1249
01:03:11,600 --> 01:03:14,600
Speaker 1: of coal mining, and then as coal mining has declined,

1250
01:03:14,880 --> 01:03:18,160
Speaker 1: they just don't have the money to support this crumbling infrastry.

1251
01:03:18,200 --> 01:03:21,800
Speaker 1: So the sewage treatment, the water treatment, everything starts to

1252
01:03:21,920 --> 01:03:25,280
Speaker 1: fall apart. The roads, the parks, the bridges, everything starts

1253
01:03:25,280 --> 01:03:28,680
Speaker 1: to fall apart. And that's what you really see in Jackson,

1254
01:03:28,760 --> 01:03:33,040
Speaker 1: and it's so incredibly sad to see these people treated

1255
01:03:33,120 --> 01:03:38,080
Speaker 1: in this way, just discarded and really uncared. For our

1256
01:03:38,120 --> 01:03:42,480
Speaker 1: friend Jordan Sheridan status coup. He has been probably the

1257
01:03:42,520 --> 01:03:44,640
Speaker 1: best and most dogged reporter in terms of the Flint

1258
01:03:44,640 --> 01:03:47,960
Speaker 1: water crisis. He and his team still on the ground

1259
01:03:48,040 --> 01:03:51,360
Speaker 1: in Jackson, not letting go of this story, shining a

1260
01:03:51,440 --> 01:03:55,240
Speaker 1: light on just how neglected this entire population has been.

1261
01:03:55,680 --> 01:03:58,120
Speaker 1: They had an interview with a resident here. I just

1262
01:03:58,160 --> 01:03:59,800
Speaker 1: want to describe the scene for people who can't see

1263
01:03:59,840 --> 01:04:04,080
Speaker 1: it as he's interviewing this man who's a resident of Jackson.

1264
01:04:04,280 --> 01:04:08,200
Speaker 1: You see in the background these huge not potholes, literal

1265
01:04:08,360 --> 01:04:12,040
Speaker 1: holes in the road where if you go and look,

1266
01:04:12,080 --> 01:04:15,000
Speaker 1: you can see there's nothing underneath the road and there

1267
01:04:15,360 --> 01:04:17,960
Speaker 1: you can see the water pipes there, and all the

1268
01:04:17,960 --> 01:04:21,800
Speaker 1: city has done is like shoved cones into them so

1269
01:04:21,840 --> 01:04:24,200
Speaker 1: that people don't drive over them. And it's been like

1270
01:04:24,240 --> 01:04:27,960
Speaker 1: this for years, Like this didn't just happen. So that's

1271
01:04:28,000 --> 01:04:30,480
Speaker 1: the state of the infrastructure in the city. Let's take

1272
01:04:30,520 --> 01:04:32,520
Speaker 1: a listen to a little of that interview. This is

1273
01:04:32,560 --> 01:04:34,560
Speaker 1: one example. Right, two years and no one's fixing the

1274
01:04:34,560 --> 01:04:36,960
Speaker 1: giant fucking hole in the ground. That's a problem. What

1275
01:04:37,000 --> 01:04:38,640
Speaker 1: do you think of their responses from some of these folks.

1276
01:04:38,640 --> 01:04:41,320
Speaker 1: They'll talk, they haven't said too much. I think the

1277
01:04:41,400 --> 01:04:44,680
Speaker 1: responses are okay, but like I said, there's not much

1278
01:04:44,760 --> 01:04:46,640
Speaker 1: if they're saying that they can do at the moment,

1279
01:04:46,720 --> 01:04:49,880
Speaker 1: and what the governor and the mayor is saying that

1280
01:04:49,920 --> 01:04:53,800
Speaker 1: there's no predicted end date for this is outrageous. Man.

1281
01:04:53,880 --> 01:04:56,640
Speaker 1: I feel like, you know, more people should be speaking up,

1282
01:04:56,680 --> 01:04:58,880
Speaker 1: more people should be stepping up. And that's not just

1283
01:04:58,920 --> 01:05:02,400
Speaker 1: seeing Madison. It's no problem. You know, everything's completely a

1284
01:05:02,440 --> 01:05:05,320
Speaker 1: fine shower or whatever you need. And then I come

1285
01:05:05,400 --> 01:05:07,640
Speaker 1: down here on the during the weekend. It's just like

1286
01:05:07,680 --> 01:05:10,160
Speaker 1: the complete opposite, you know, it's just like two different

1287
01:05:10,240 --> 01:05:12,760
Speaker 1: views of two different views of life. And I just

1288
01:05:12,760 --> 01:05:15,800
Speaker 1: see how things were completely fine and meant, now, this

1289
01:05:15,880 --> 01:05:17,720
Speaker 1: is a problem in medisine. I feel like it would

1290
01:05:17,760 --> 01:05:21,000
Speaker 1: have been fixed or a different part of a wider area,

1291
01:05:21,120 --> 01:05:23,760
Speaker 1: it would have been taken care of. So Madison that

1292
01:05:23,800 --> 01:05:27,320
Speaker 1: he's talking about there is a more affluent, suburban part

1293
01:05:27,320 --> 01:05:30,160
Speaker 1: of Jackson, and he's saying, Hey, if this had happened there,

1294
01:05:30,280 --> 01:05:31,840
Speaker 1: you know, they would have gotten it fixed like that.

1295
01:05:31,960 --> 01:05:34,640
Speaker 1: And who could say is wrong? I mean, that's what

1296
01:05:34,680 --> 01:05:39,320
Speaker 1: you see is impoverished parts of America just abandoned, neglected.

1297
01:05:39,440 --> 01:05:42,120
Speaker 1: And the message to the citizens get there is y'all

1298
01:05:42,160 --> 01:05:43,960
Speaker 1: don't care about us. You do not care whether we

1299
01:05:44,000 --> 01:05:46,200
Speaker 1: live or die. That's true. Look, I mean, we're going

1300
01:05:46,240 --> 01:05:48,000
Speaker 1: to stay on it as so much as we can,

1301
01:05:48,080 --> 01:05:50,880
Speaker 1: but I think we should admit, like, the reality is

1302
01:05:50,880 --> 01:05:53,560
Speaker 1: is that probably it won't get fixed all that quickly,

1303
01:05:53,640 --> 01:05:55,960
Speaker 1: and whatever fixed does come will be so precarious that

1304
01:05:55,960 --> 01:05:58,560
Speaker 1: it'll probably just break again. And yeah, yeah, it's funny,

1305
01:05:58,640 --> 01:06:00,720
Speaker 1: that's reality. I wish it wasn't that way, but that's

1306
01:06:00,760 --> 01:06:03,280
Speaker 1: probably the truth, unfortunately, and there's probably a hell a

1307
01:06:03,320 --> 01:06:06,080
Speaker 1: lot of corruption. And actually that's probably the area I'll

1308
01:06:06,120 --> 01:06:08,560
Speaker 1: try and look at, which is howmever, because you know

1309
01:06:08,600 --> 01:06:11,200
Speaker 1: there's some funds being sent from somewhere, like is it

1310
01:06:11,240 --> 01:06:14,440
Speaker 1: going to be properly used like Flint? Probably not. Not

1311
01:06:14,560 --> 01:06:16,720
Speaker 1: a lot of evidence to actually point that direction. Yeah, well,

1312
01:06:16,760 --> 01:06:20,959
Speaker 1: I mean they've been asking for significant funding to try

1313
01:06:20,960 --> 01:06:24,120
Speaker 1: to fix this thing. The state's just like no, no,

1314
01:06:24,360 --> 01:06:27,040
Speaker 1: I mean, there's it's a it's and it's partly on

1315
01:06:27,080 --> 01:06:29,919
Speaker 1: a political spite. You know, you've got a Democratic run

1316
01:06:30,120 --> 01:06:34,320
Speaker 1: city and you've got a Republican dominated legislature, Republican governor,

1317
01:06:34,360 --> 01:06:36,400
Speaker 1: and they just haven't cared to do anything. Yeah. Reminds

1318
01:06:36,400 --> 01:06:39,480
Speaker 1: me of New Orleans too, Right. It always happens in

1319
01:06:39,520 --> 01:06:41,520
Speaker 1: some of these states, and eventually country moves on, but

1320
01:06:41,520 --> 01:06:43,720
Speaker 1: the people there actually can't move on. That's really right,

1321
01:06:43,840 --> 01:06:46,680
Speaker 1: That's exactly right. Let's talk about nine to eleven. You know,

1322
01:06:46,720 --> 01:06:49,800
Speaker 1: I always think it's important. It's been twenty one years. Sometimes,

1323
01:06:49,880 --> 01:06:52,280
Speaker 1: going to look at our demographic data, it's stunning because

1324
01:06:52,400 --> 01:06:56,280
Speaker 1: a sizeable chunk of our audience. Crystal wasn't either has

1325
01:06:56,360 --> 01:06:58,680
Speaker 1: no memory of nine to eleven or was not even

1326
01:06:58,760 --> 01:07:01,320
Speaker 1: alive on nine eleven. I can wrap my head around

1327
01:07:01,320 --> 01:07:05,080
Speaker 1: no memory because I was young, but not alive is crazy.

1328
01:07:05,360 --> 01:07:08,200
Speaker 1: You are now eligible to drink if you were born

1329
01:07:08,560 --> 01:07:10,520
Speaker 1: on nine to twelve, two thousand. Dude, you just won

1330
01:07:10,560 --> 01:07:14,040
Speaker 1: the US Open Cars. It's not born on he's nineteen

1331
01:07:14,120 --> 01:07:16,760
Speaker 1: years old. I mean, it's not. By the way. The

1332
01:07:16,840 --> 01:07:19,360
Speaker 1: reason I think it's important in order to do these

1333
01:07:19,360 --> 01:07:21,600
Speaker 1: segments not just about the day itself, although I do

1334
01:07:21,680 --> 01:07:24,480
Speaker 1: encourage people. There's books like The Looming Tower and you know,

1335
01:07:24,560 --> 01:07:27,480
Speaker 1: things like that that people should check out, is you know,

1336
01:07:27,920 --> 01:07:30,680
Speaker 1: I was just young enough to remember that there was

1337
01:07:30,720 --> 01:07:35,040
Speaker 1: a beforetime and to try and describe what that time

1338
01:07:35,120 --> 01:07:37,920
Speaker 1: in America was like compared to the post nine to

1339
01:07:37,920 --> 01:07:40,760
Speaker 1: eleven era is really difficult. And I always come back

1340
01:07:40,800 --> 01:07:44,800
Speaker 1: to this clip. Steve Kornaky tweeted it out last year.

1341
01:07:44,880 --> 01:07:47,000
Speaker 1: It's just been on my mind really ever since. It's

1342
01:07:47,040 --> 01:07:51,960
Speaker 1: the last broadcast from NBC News on September the night

1343
01:07:52,080 --> 01:07:55,040
Speaker 1: of September tenth, two thousand and one, and just the

1344
01:07:55,120 --> 01:07:59,720
Speaker 1: concerns and what's happening. It just seemed so pedestrian, you know,

1345
01:07:59,800 --> 01:08:03,040
Speaker 1: to compared to eventually what we knew was happening. So

1346
01:08:03,120 --> 01:08:04,560
Speaker 1: let's take a listen to that. We'll talk about it.

1347
01:08:04,600 --> 01:08:10,400
Speaker 1: On the other side, it's the economy and it's not

1348
01:08:10,520 --> 01:08:13,720
Speaker 1: going well. President bush under new pressure to stop the slide,

1349
01:08:14,240 --> 01:08:17,760
Speaker 1: will on another tax cut, turn it around in depth

1350
01:08:17,800 --> 01:08:21,559
Speaker 1: tonight the right stuff. No engines more than three hundred

1351
01:08:21,600 --> 01:08:25,400
Speaker 1: on board the palots land the plane. But new questions

1352
01:08:25,680 --> 01:08:30,720
Speaker 1: was it heroic flying or an avoidable mistake? Lifeline new

1353
01:08:30,760 --> 01:08:33,320
Speaker 1: hope for a test to predict the risk of Alzheimer's.

1354
01:08:33,720 --> 01:08:36,800
Speaker 1: But would you really want to know the truth and

1355
01:08:37,040 --> 01:08:41,040
Speaker 1: the policy of America? They call it the Fountain of Youth. Tonight,

1356
01:08:41,120 --> 01:08:44,280
Speaker 1: do information on the danger and waste of money involving

1357
01:08:44,320 --> 01:08:52,280
Speaker 1: those popular herbal supplements. From NBC News World Head Wilders

1358
01:08:52,320 --> 01:08:55,960
Speaker 1: in New York. This is NBC Likely News. It's all

1359
01:08:56,160 --> 01:09:01,160
Speaker 1: Brooke Ball, good evening. President Bush Night is under increasing

1360
01:09:01,200 --> 01:09:04,480
Speaker 1: pressure to do something about the troubles in the American economy,

1361
01:09:04,960 --> 01:09:08,599
Speaker 1: troubles that have a ripple effect around the world. There

1362
01:09:08,680 --> 01:09:13,320
Speaker 1: is no sign of a recovery anywhere anytime soon, and

1363
01:09:13,400 --> 01:09:17,080
Speaker 1: the consequences are piling up every day. We begin tonight

1364
01:09:17,120 --> 01:09:19,839
Speaker 1: with NBC's David Gregory, who was traveling with the President

1365
01:09:19,880 --> 01:09:24,040
Speaker 1: in Florida. David and tow many of those consequences are political,

1366
01:09:24,080 --> 01:09:26,720
Speaker 1: both for the President and congressional Republicans who have an

1367
01:09:26,720 --> 01:09:29,920
Speaker 1: election yes next year. It is Republicans who are putting

1368
01:09:29,960 --> 01:09:32,680
Speaker 1: increasing pressure on the President to do something more for

1369
01:09:32,760 --> 01:09:36,080
Speaker 1: the economy. And soon, as somebody pointed out, he found

1370
01:09:36,120 --> 01:09:38,960
Speaker 1: a way to boost the economy, all right, he certainly did,

1371
01:09:39,200 --> 01:09:42,720
Speaker 1: didn't true unfortunately. Yeah, it's just crazy. I mean, you know,

1372
01:09:42,800 --> 01:09:46,479
Speaker 1: David Gregory was there Florida. That's where President Bush was

1373
01:09:46,560 --> 01:09:48,760
Speaker 1: on the day of nine to eleven, famously with all

1374
01:09:48,800 --> 01:09:51,240
Speaker 1: those school kids. It's also just funny, you know when

1375
01:09:51,240 --> 01:09:53,759
Speaker 1: they think about the numbers, like a trillion dollar deficit,

1376
01:09:53,840 --> 01:09:57,360
Speaker 1: I'm like, yeah, wow, can imagine that way. Just wait

1377
01:09:57,400 --> 01:09:59,720
Speaker 1: to see what Iraq turns out to be. Yeah, yeah,

1378
01:09:59,720 --> 01:10:01,680
Speaker 1: it's just I don't know. I think it's fascinating to

1379
01:10:01,960 --> 01:10:04,720
Speaker 1: think about what life was like before that, not even

1380
01:10:04,800 --> 01:10:07,479
Speaker 1: the security state, but just the way the United States

1381
01:10:07,920 --> 01:10:11,360
Speaker 1: was perceived, our economic strength. I mean, the President getting

1382
01:10:11,360 --> 01:10:13,639
Speaker 1: a blowjob in the Oval office was like the worst

1383
01:10:13,680 --> 01:10:15,880
Speaker 1: thing that had happened in this country, you know, like

1384
01:10:16,040 --> 01:10:20,160
Speaker 1: tore everything apart. He still left with sixty something percent

1385
01:10:20,360 --> 01:10:23,840
Speaker 1: approval rating, we had a budget surplus. It's like in

1386
01:10:24,080 --> 01:10:28,599
Speaker 1: the extent to how the economy was the unipolar moment

1387
01:10:28,680 --> 01:10:32,240
Speaker 1: of what we were at strength wise, and how it

1388
01:10:32,320 --> 01:10:35,519
Speaker 1: was all squandered by then by the Bush administration post

1389
01:10:35,600 --> 01:10:38,160
Speaker 1: nine to eleven. I don't know. It's sad to me

1390
01:10:38,240 --> 01:10:42,280
Speaker 1: that people who who were born after have no memory

1391
01:10:42,280 --> 01:10:44,439
Speaker 1: of that. They only have memory of the turmoil. The

1392
01:10:44,560 --> 01:10:47,920
Speaker 1: horror of that day, which was I mean, which is

1393
01:10:48,000 --> 01:10:52,639
Speaker 1: unspeakable in the end, didn't come close to the horror

1394
01:10:52,680 --> 01:10:55,320
Speaker 1: of our response and what it did to our country,

1395
01:10:55,320 --> 01:10:56,960
Speaker 1: what it did to the world. You know, I was

1396
01:10:57,000 --> 01:10:59,439
Speaker 1: reflecting on there's a lot of conversation about Biden and

1397
01:10:59,479 --> 01:11:01,799
Speaker 1: calling a pub it's fascist, and Trump and all this stuff.

1398
01:11:02,680 --> 01:11:06,640
Speaker 1: Martaza Hussein of The Intercept had this tweet threat that

1399
01:11:06,680 --> 01:11:08,280
Speaker 1: I've really been thinking about, and he said, I still

1400
01:11:08,280 --> 01:11:10,960
Speaker 1: consider the high water mark of what felt like fascism

1401
01:11:11,040 --> 01:11:14,080
Speaker 1: in the US the Bush Cheney years, extra judicial disappearance

1402
01:11:14,120 --> 01:11:17,080
Speaker 1: as state sanctioned torture, expanding list of wars. Most of

1403
01:11:17,120 --> 01:11:21,479
Speaker 1: the media transformed into cheerleading zombies. Nothing since compares with that.

1404
01:11:22,160 --> 01:11:24,360
Speaker 1: He goes on to say, substantively speaking, the Bush years

1405
01:11:24,360 --> 01:11:27,400
Speaker 1: had the most practical steps taken towards an actual fascist government,

1406
01:11:27,400 --> 01:11:31,120
Speaker 1: including attempts to legally grant the executive absolute power. And

1407
01:11:31,280 --> 01:11:36,479
Speaker 1: there was just almost no room for descent, and you had,

1408
01:11:36,760 --> 01:11:42,080
Speaker 1: you know, and the population was so shocked and horrified

1409
01:11:42,400 --> 01:11:47,679
Speaker 1: understandably by that day that then a bipartisan group of leaders,

1410
01:11:47,760 --> 01:11:52,799
Speaker 1: including Bush, including our current president, really came together to

1411
01:11:52,880 --> 01:11:59,720
Speaker 1: create this huge, massive amounts of executive power. Torturer get Mo,

1412
01:12:00,240 --> 01:12:05,000
Speaker 1: Abu Grab, I mean, all of these unbelievable abuses. And

1413
01:12:05,720 --> 01:12:08,280
Speaker 1: now in Hinzer, we have a different view of the

1414
01:12:08,280 --> 01:12:10,599
Speaker 1: Iraq War, We have a different view of this time period.

1415
01:12:10,640 --> 01:12:14,479
Speaker 1: But it's not like those powers have been rolled back.

1416
01:12:14,640 --> 01:12:18,960
Speaker 1: We've only continued further and further and further down that road.

1417
01:12:19,160 --> 01:12:24,280
Speaker 1: So it is worth reflecting on the way that we

1418
01:12:24,360 --> 01:12:27,439
Speaker 1: responded and the way that shaped our society and the

1419
01:12:27,439 --> 01:12:30,760
Speaker 1: fact that you know, that was really the moment when

1420
01:12:31,160 --> 01:12:34,240
Speaker 1: we could have invested a lot in our future, invested

1421
01:12:34,280 --> 01:12:38,679
Speaker 1: a lot here, you know, gotten Jackson, Mississippi a freaking

1422
01:12:38,840 --> 01:12:42,519
Speaker 1: working like water supply and other places around the country

1423
01:12:42,560 --> 01:12:45,240
Speaker 1: like rebuilding our infrastructure, making sure we're set up for

1424
01:12:45,240 --> 01:12:48,679
Speaker 1: the next century. And we didn't do that. Instead, we

1425
01:12:49,600 --> 01:12:52,880
Speaker 1: thought we could spread democracy around the world, killing hundreds

1426
01:12:52,880 --> 01:12:57,760
Speaker 1: of thousands of Iraqi's, massive costs to our own citizens

1427
01:12:57,840 --> 01:13:03,320
Speaker 1: population of course, to our men and women in uniform, huge, huge,

1428
01:13:03,680 --> 01:13:07,120
Speaker 1: devastating mistake for our nation and also for the world. Yeah,

1429
01:13:07,120 --> 01:13:09,559
Speaker 1: I mean, people always are like, you know, why do

1430
01:13:09,600 --> 01:13:12,240
Speaker 1: you hate Bush so much? It's like it's difficult to

1431
01:13:12,360 --> 01:13:16,360
Speaker 1: describe if you understood where we were and where we

1432
01:13:16,400 --> 01:13:20,080
Speaker 1: could have gone and what happened. I mean September twelfth,

1433
01:13:20,080 --> 01:13:22,400
Speaker 1: two thousand and one, exactly twenty years ago, twenty one

1434
01:13:22,439 --> 01:13:25,280
Speaker 1: years ago today is when Paul Wolfowitz, George W. Bush,

1435
01:13:25,360 --> 01:13:28,479
Speaker 1: Donald Rumsfeld and others made the decision to start using

1436
01:13:28,560 --> 01:13:30,639
Speaker 1: nine to eleven to link to Saddam Hussein and set

1437
01:13:30,680 --> 01:13:33,840
Speaker 1: the stage for the eventual invasion of Iraq, the squandering

1438
01:13:33,880 --> 01:13:36,519
Speaker 1: of six trillion dollars, not to mention thousands of American

1439
01:13:36,560 --> 01:13:39,800
Speaker 1: soldiers and hundreds of thousands, if not millions, of Iraqis,

1440
01:13:39,920 --> 01:13:43,000
Speaker 1: Syrians and others who paid the price. It's like that

1441
01:13:43,240 --> 01:13:47,519
Speaker 1: decision was one of the worst decisions and responses by

1442
01:13:47,560 --> 01:13:51,000
Speaker 1: an American president, a conscious decision, a man thrust into

1443
01:13:51,040 --> 01:13:54,040
Speaker 1: the office who had to respond. I mean really put

1444
01:13:54,080 --> 01:13:56,360
Speaker 1: him up there with like James Buchanan in terms of

1445
01:13:56,640 --> 01:13:59,479
Speaker 1: you didn't meet the moment, and millions of people paid

1446
01:13:59,479 --> 01:14:01,439
Speaker 1: the price as a result of that. And it's one

1447
01:14:01,439 --> 01:14:03,599
Speaker 1: of those areas where sometimes you have things which are

1448
01:14:03,600 --> 01:14:06,920
Speaker 1: structural forces, right, which is things happening in Europe and others.

1449
01:14:07,320 --> 01:14:09,840
Speaker 1: Certainly you can't control nine to eleven, but you can

1450
01:14:09,880 --> 01:14:13,360
Speaker 1: control the response, and by having a bad response, you

1451
01:14:13,400 --> 01:14:16,040
Speaker 1: effectively set the stage to where we are today. So

1452
01:14:16,280 --> 01:14:19,439
Speaker 1: I really think everything hinges on nine to eleven. Everything

1453
01:14:19,520 --> 01:14:23,320
Speaker 1: as too Donald Trump today. I mean I was much

1454
01:14:23,320 --> 01:14:25,200
Speaker 1: more hot about this a year ago because it was

1455
01:14:25,200 --> 01:14:27,919
Speaker 1: twenty years and also we were coming off the Afghan withdrawal.

1456
01:14:27,920 --> 01:14:29,880
Speaker 1: But this time it seemed like it kind of just

1457
01:14:29,920 --> 01:14:32,360
Speaker 1: went under the radar. And I, you know, never forget.

1458
01:14:32,479 --> 01:14:34,600
Speaker 1: Shouldn't just be about what happened on the day of

1459
01:14:34,680 --> 01:14:36,760
Speaker 1: nine to eleven. I mean, I don't ever forget what

1460
01:14:36,920 --> 01:14:40,320
Speaker 1: happened in response. And all those people are fat and filthy, rich,

1461
01:14:40,479 --> 01:14:42,599
Speaker 1: you know, as a result. Dick Cheney is a hero.

1462
01:14:42,920 --> 01:14:46,320
Speaker 1: George W. Bush is some pro democracy figure. Condoli's a rice.

1463
01:14:46,479 --> 01:14:48,200
Speaker 1: I think he's just work for the NFL or something

1464
01:14:48,240 --> 01:14:52,280
Speaker 1: like dropbox board. Paul Wolfowitz is fine. I saw him

1465
01:14:52,280 --> 01:14:54,439
Speaker 1: the other day on the street. You know, to mention

1466
01:14:54,520 --> 01:14:57,840
Speaker 1: all these defense contractors, put them aside. I'm saying, the

1467
01:14:57,920 --> 01:15:01,160
Speaker 1: people who actually got us into our Doug five. You know,

1468
01:15:01,280 --> 01:15:03,559
Speaker 1: all these people, they're fine. They've got big ass homes

1469
01:15:03,560 --> 01:15:05,880
Speaker 1: in McLean and Northern Virginia, they're multi millionaires. They have

1470
01:15:05,920 --> 01:15:08,200
Speaker 1: die fat and happy. And it's like there's a lot

1471
01:15:08,200 --> 01:15:11,880
Speaker 1: of people who didn't die and or who didn't die happy,

1472
01:15:12,000 --> 01:15:14,600
Speaker 1: or who died very premature deaths as a result of

1473
01:15:14,640 --> 01:15:17,240
Speaker 1: their decision, and they'll never be held accountable for it.

1474
01:15:17,280 --> 01:15:19,400
Speaker 1: And even more unfortunately, I think the media today, people

1475
01:15:19,439 --> 01:15:21,800
Speaker 1: like Nicole Wallace and now there's David from I mean,

1476
01:15:21,840 --> 01:15:27,479
Speaker 1: they committed, they committed unforgivable sins, and we have somehow

1477
01:15:27,520 --> 01:15:29,439
Speaker 1: just why watched against it. So, you know, with Trump

1478
01:15:29,520 --> 01:15:31,360
Speaker 1: and all this, like I always look at it as

1479
01:15:31,400 --> 01:15:34,320
Speaker 1: I'm like, if you don't understand just how bad Bush

1480
01:15:34,760 --> 01:15:37,160
Speaker 1: the Bush years were for the country, for everything, and

1481
01:15:37,200 --> 01:15:40,400
Speaker 1: are unable to adjust your magnitude and more like I

1482
01:15:40,439 --> 01:15:43,920
Speaker 1: really can't. I cannot have to rehab George W. Bush,

1483
01:15:44,720 --> 01:15:49,799
Speaker 1: You do not. In fact, you don't have to do that, Crystal,

1484
01:15:49,840 --> 01:15:51,720
Speaker 1: what are you taking a look at? For years now,

1485
01:15:51,760 --> 01:15:54,439
Speaker 1: Sager and I have been covering the unprecedented decline in

1486
01:15:54,600 --> 01:15:57,000
Speaker 1: US life spans, one of the most revealing signs of

1487
01:15:57,040 --> 01:16:00,000
Speaker 1: a nation that, despite its wealth, is failing its citizens

1488
01:15:59,800 --> 01:16:03,320
Speaker 1: in most basic ways. The latest data is stunning in

1489
01:16:03,360 --> 01:16:06,120
Speaker 1: its severity. It is alarming when life expectancy drops year

1490
01:16:06,160 --> 01:16:08,760
Speaker 1: over year by even a fraction of a point, but

1491
01:16:08,840 --> 01:16:12,040
Speaker 1: accelerated by the pandemic. Between twenty twenty and twenty twenty one,

1492
01:16:12,320 --> 01:16:16,639
Speaker 1: US life expectancy dropped an entire year. In twenty nineteen,

1493
01:16:16,640 --> 01:16:19,280
Speaker 1: Americans could expect to live an average of seventy nine years.

1494
01:16:19,280 --> 01:16:20,960
Speaker 1: By the end of twenty twenty one, that number had

1495
01:16:20,960 --> 01:16:24,280
Speaker 1: plummeted to seventy six years. Some groups were harder hit

1496
01:16:24,320 --> 01:16:27,719
Speaker 1: than others. Native Americans and Alaska Natives saw their average

1497
01:16:27,760 --> 01:16:33,040
Speaker 1: life spans drop by four years in twenty twenty alone. Astonishing,

1498
01:16:33,520 --> 01:16:35,599
Speaker 1: But it's not just the absolute decline that matters here.

1499
01:16:35,840 --> 01:16:38,840
Speaker 1: Equally revealing is how we are faring compared to our

1500
01:16:38,880 --> 01:16:42,920
Speaker 1: pure nations, and that story, if anything, is even more grim.

1501
01:16:43,320 --> 01:16:45,240
Speaker 1: Just take a look at this graphic plotting the income

1502
01:16:45,320 --> 01:16:49,120
Speaker 1: levels of OECD nations with their average life expectancy. You

1503
01:16:49,160 --> 01:16:51,559
Speaker 1: can see the US hanging out there all on its own.

1504
01:16:51,680 --> 01:16:53,960
Speaker 1: Our little dot is high on the graph because we

1505
01:16:54,000 --> 01:16:56,640
Speaker 1: are high income, but over towards the left side of

1506
01:16:56,680 --> 01:16:59,679
Speaker 1: the chart, in line with countries like Slovakia and Turkey.

1507
01:16:59,760 --> 01:17:02,680
Speaker 1: When it comes to life expectancy. We are a rich

1508
01:17:02,800 --> 01:17:06,000
Speaker 1: nation that dies like we are poor. Our GDP per

1509
01:17:06,000 --> 01:17:08,799
Speaker 1: capita is sixty six thousand dollars, and we are performing

1510
01:17:08,880 --> 01:17:11,160
Speaker 1: about as poorly on this metric as a nation with

1511
01:17:11,280 --> 01:17:15,280
Speaker 1: only eight thousand dollars in GDP per capita. Countries with

1512
01:17:15,400 --> 01:17:18,080
Speaker 1: far lower GDP per capital like Costa Rica and Chile,

1513
01:17:18,479 --> 01:17:21,800
Speaker 1: Slovenia and Greece are easily outpacing US in terms of

1514
01:17:21,880 --> 01:17:25,280
Speaker 1: how many years their citizens can expect to live. Not

1515
01:17:25,360 --> 01:17:28,360
Speaker 1: only that, but there are some indications that during the pandemic,

1516
01:17:28,640 --> 01:17:32,919
Speaker 1: US life expectancy actually dropped well below that of Chinas.

1517
01:17:33,320 --> 01:17:35,920
Speaker 1: In a viral tweet, Ian Bramer shared this graphic showing

1518
01:17:35,960 --> 01:17:38,800
Speaker 1: how Chinese life expectancy closed the gap and then jumped

1519
01:17:38,800 --> 01:17:42,360
Speaker 1: ahead of US life expectancy by a full year. Now

1520
01:17:42,400 --> 01:17:44,599
Speaker 1: on the chart, you can see the purple Chinese line

1521
01:17:44,680 --> 01:17:47,680
Speaker 1: leaps upwards and then steadily rises from nineteen eighty on,

1522
01:17:48,080 --> 01:17:51,400
Speaker 1: not even declining during the COVID pandemic. Our blue line,

1523
01:17:51,439 --> 01:17:53,840
Speaker 1: on the other hand, flattens down and dips modestly around

1524
01:17:53,880 --> 01:17:58,519
Speaker 1: twenty sixteen before dropping precipitously during the pandemic. Now, if

1525
01:17:58,560 --> 01:18:01,920
Speaker 1: this data is Correctanese life expectancy is now a full

1526
01:18:02,080 --> 01:18:04,479
Speaker 1: year ahead of ours. It does come with a lot

1527
01:18:04,479 --> 01:18:07,120
Speaker 1: of caveats here, though, The US data, for one, is

1528
01:18:07,160 --> 01:18:09,200
Speaker 1: provisional and might be adjusted, though I think we can

1529
01:18:09,240 --> 01:18:12,080
Speaker 1: pretty well assume it's pretty close to being accurate. The

1530
01:18:12,120 --> 01:18:14,360
Speaker 1: bigger question, of course, is on the Chinese side, where

1531
01:18:14,400 --> 01:18:17,759
Speaker 1: data is notoriously difficult to come by, especially accurate data.

1532
01:18:18,040 --> 01:18:20,240
Speaker 1: The twenty twenty data for China on this chart comes

1533
01:18:20,240 --> 01:18:23,320
Speaker 1: from OECD estimates, but the new twenty twenty one data

1534
01:18:23,360 --> 01:18:26,720
Speaker 1: relies on Chinese government statistics. The Chinese government, of course,

1535
01:18:26,760 --> 01:18:28,680
Speaker 1: has an interest in cooking the books to prove that

1536
01:18:28,680 --> 01:18:32,599
Speaker 1: their co zero policy was effective and save Chinese lives.

1537
01:18:33,080 --> 01:18:35,160
Speaker 1: But even if we throw out the twenty twenty one

1538
01:18:35,280 --> 01:18:39,120
Speaker 1: Chinese government data, these numbers still show China surpassing the

1539
01:18:39,240 --> 01:18:42,920
Speaker 1: US back in twenty twenty So, friends, what do we

1540
01:18:42,960 --> 01:18:44,800
Speaker 1: make of all of this? Well, first of all, the

1541
01:18:44,840 --> 01:18:47,160
Speaker 1: comparison with China is a good reminder that the number

1542
01:18:47,160 --> 01:18:49,400
Speaker 1: of days you spend a live is not the only

1543
01:18:49,439 --> 01:18:51,960
Speaker 1: metric of a good life. I don't doubt that China's

1544
01:18:52,000 --> 01:18:54,599
Speaker 1: COVID zero policy kept more of their people living than

1545
01:18:54,640 --> 01:18:57,280
Speaker 1: our approach. But what was the quality of that life?

1546
01:18:57,400 --> 01:18:59,240
Speaker 1: What was it like when residents were trapped in their

1547
01:18:59,280 --> 01:19:02,320
Speaker 1: apartments with owns buzzing overhead warning them of the consequences

1548
01:19:02,320 --> 01:19:05,519
Speaker 1: of leaving even to obtain basic supplies like, for example, food.

1549
01:19:06,080 --> 01:19:08,439
Speaker 1: Every society strikes a different balance when it comes to

1550
01:19:08,479 --> 01:19:11,120
Speaker 1: liberty versus safety, and I think it's safe to say culturally,

1551
01:19:11,360 --> 01:19:13,400
Speaker 1: we lean more into the give me liberty or give

1552
01:19:13,439 --> 01:19:16,360
Speaker 1: me death mentality. As a culture, we are willing to

1553
01:19:16,400 --> 01:19:20,400
Speaker 1: accept some higher loss of lives in exchange for individual freedoms.

1554
01:19:20,760 --> 01:19:22,960
Speaker 1: This is of course clearest in our gun and our

1555
01:19:23,000 --> 01:19:27,200
Speaker 1: car culture, both of which are significant contributors to American deaths.

1556
01:19:27,560 --> 01:19:30,400
Speaker 1: The public would like to place more limits on gun ownership, yes,

1557
01:19:30,439 --> 01:19:33,200
Speaker 1: than we presently have, and supports more public transit than

1558
01:19:33,240 --> 01:19:36,400
Speaker 1: we presently have, But I would still accept that our

1559
01:19:36,439 --> 01:19:39,799
Speaker 1: attitude is still more pro car and pro gun, even

1560
01:19:39,840 --> 01:19:42,400
Speaker 1: with the drawbacks than a lot of other pure nations.

1561
01:19:42,920 --> 01:19:45,679
Speaker 1: It's tempting to simply put our more libertarian COVID approach

1562
01:19:45,680 --> 01:19:48,280
Speaker 1: into this category as well. Sure are we add more tasks,

1563
01:19:48,320 --> 01:19:50,360
Speaker 1: but we had liberty. Am I right? But the reason

1564
01:19:50,360 --> 01:19:53,320
Speaker 1: we fail to protect American lives during COVID is mostly

1565
01:19:53,360 --> 01:19:55,760
Speaker 1: the same reason we fail to protect American lives from

1566
01:19:55,840 --> 01:20:00,200
Speaker 1: overdoses diabetes, heart disease every single day our immoral, for

1567
01:20:00,240 --> 01:20:03,559
Speaker 1: profit healthcare system. In fact, a Yale study found that

1568
01:20:03,600 --> 01:20:06,959
Speaker 1: if like our wealthy peers, the US had single payer healthcare,

1569
01:20:07,200 --> 01:20:11,320
Speaker 1: around one third of all COVID deaths could have been prevented.

1570
01:20:11,760 --> 01:20:14,960
Speaker 1: Didn't need new lockdowns or more mass mandates. Just having

1571
01:20:15,000 --> 01:20:18,840
Speaker 1: single payer could have prevented a third of all COVID deaths.

1572
01:20:19,240 --> 01:20:21,599
Speaker 1: What's more, having such a system would have actually saved

1573
01:20:21,760 --> 01:20:24,840
Speaker 1: billions of dollars. In a single year, universal healthcare could

1574
01:20:24,840 --> 01:20:27,360
Speaker 1: have saved one hundred and ten billion dollars in COVID

1575
01:20:27,400 --> 01:20:31,200
Speaker 1: hospital costs alone. In a normal non pandemic year, some

1576
01:20:31,240 --> 01:20:34,200
Speaker 1: four hundred and thirty eight billion could be saved overall.

1577
01:20:34,400 --> 01:20:36,800
Speaker 1: And the reason for this is pretty straightforward. Makes a

1578
01:20:36,800 --> 01:20:39,200
Speaker 1: lot of sense. When Americans don't have access to healthcare,

1579
01:20:39,320 --> 01:20:41,360
Speaker 1: they put off going to the doctor until their problems

1580
01:20:41,360 --> 01:20:44,639
Speaker 1: are acute, and acute emergency problems are a lot more

1581
01:20:44,640 --> 01:20:47,040
Speaker 1: expensive to deal with than if you catch issues early

1582
01:20:47,120 --> 01:20:50,120
Speaker 1: and keep your population healthy. That is why we spend

1583
01:20:50,200 --> 01:20:53,639
Speaker 1: more than every other OECD nation on healthcare but still

1584
01:20:53,680 --> 01:20:57,400
Speaker 1: manage to get much, much worse outcomes. The other major

1585
01:20:57,400 --> 01:21:01,480
Speaker 1: contributor to our falling lifespan, drug overdoses, is more complex, admittedly,

1586
01:21:01,640 --> 01:21:05,320
Speaker 1: but also directly tied to our broader health care system failures.

1587
01:21:05,600 --> 01:21:07,800
Speaker 1: Our drug laws, yes, are obviously a failure on this

1588
01:21:07,840 --> 01:21:10,280
Speaker 1: front by criminalizing addiction rather than treating it as a

1589
01:21:10,280 --> 01:21:13,519
Speaker 1: health issue, and our general societal rod contributes to these

1590
01:21:13,520 --> 01:21:16,320
Speaker 1: deaths of despair as well. But the fact that counseling

1591
01:21:16,320 --> 01:21:18,960
Speaker 1: and treatment are only available to a select few that

1592
01:21:19,080 --> 01:21:22,120
Speaker 1: is a core reason why we have so many overdose deats,

1593
01:21:22,520 --> 01:21:24,920
Speaker 1: not to mention the corrupt incentives that the center of

1594
01:21:24,960 --> 01:21:27,960
Speaker 1: our for profit healthcare system, which launched the opioid epidemic

1595
01:21:28,000 --> 01:21:30,880
Speaker 1: in the first place. When drug companies discovered they can

1596
01:21:30,960 --> 01:21:33,920
Speaker 1: make billions off of addiction, they were more than happy

1597
01:21:34,040 --> 01:21:37,240
Speaker 1: to stoke that crisis. There's big money in creating addicts,

1598
01:21:37,400 --> 01:21:40,400
Speaker 1: not so much in recovery, and certainly not in healthy living.

1599
01:21:40,840 --> 01:21:43,360
Speaker 1: Those who profit off this corrupt, evil system of medical

1600
01:21:43,360 --> 01:21:46,880
Speaker 1: gouging justify its continued existence by making appeals to our

1601
01:21:46,920 --> 01:21:49,679
Speaker 1: love of liberty and our love of individual freedom. Every

1602
01:21:49,720 --> 01:21:52,439
Speaker 1: attack on single payer insists is going to constrain choice

1603
01:21:52,479 --> 01:21:54,920
Speaker 1: and put health decisions in the hands of government bureaucrats

1604
01:21:54,960 --> 01:21:58,080
Speaker 1: instead of individuals. We get lies about death panels and

1605
01:21:58,120 --> 01:22:00,680
Speaker 1: losing access to your favorite doctor. But what kind of

1606
01:22:00,720 --> 01:22:02,840
Speaker 1: freedom is it to not be able to go to

1607
01:22:02,880 --> 01:22:05,719
Speaker 1: a doctor at all, or to have your treatment options

1608
01:22:05,720 --> 01:22:08,840
Speaker 1: in the hands of sociopaths at health insurance companies, or

1609
01:22:09,160 --> 01:22:11,880
Speaker 1: to be among the millions to lose everything in bankruptcy

1610
01:22:11,920 --> 01:22:14,800
Speaker 1: because of medical debt. So while there is a lot

1611
01:22:14,840 --> 01:22:17,680
Speaker 1: that is complex about our drops in life expectancy, our

1612
01:22:17,680 --> 01:22:20,200
Speaker 1: failures is compared to China and the rest of the world,

1613
01:22:20,600 --> 01:22:23,760
Speaker 1: one big part is actually really simple. We have a

1614
01:22:23,840 --> 01:22:26,639
Speaker 1: terrible healthcare system, and so we get terrible health outcomes,

1615
01:22:26,680 --> 01:22:29,960
Speaker 1: including dying earlier. We put profits at the center of

1616
01:22:30,000 --> 01:22:31,599
Speaker 1: our system, and so we get a lot of sick

1617
01:22:31,640 --> 01:22:34,479
Speaker 1: people and a lot of wealthy executives. If we put

1618
01:22:34,479 --> 01:22:37,960
Speaker 1: health at the center instead, it could change everything and

1619
01:22:38,040 --> 01:22:41,400
Speaker 1: we do not have to sacrifice personal freedom in order

1620
01:22:41,439 --> 01:22:45,479
Speaker 1: to live longer, healthier, higher quality lives. Give us liberty

1621
01:22:45,800 --> 01:22:49,880
Speaker 1: and give us less better and sagur. You know, it's

1622
01:22:49,920 --> 01:22:52,080
Speaker 1: stunning these comparisons. And if you want to hear my

1623
01:22:52,240 --> 01:22:55,639
Speaker 1: reaction to Crystal's monologue, become a premium subscriber today at

1624
01:22:55,640 --> 01:23:01,280
Speaker 1: Breakingpoints dot Com. All right, Zacher, what are you looking at? Well?

1625
01:23:01,400 --> 01:23:04,240
Speaker 1: During the student debt cancelation episode, I made my views clear.

1626
01:23:04,320 --> 01:23:06,439
Speaker 1: I'm from major student debt cancelation as long as it

1627
01:23:06,479 --> 01:23:09,360
Speaker 1: deals with the underlying colleges themselves. Why do I care

1628
01:23:09,360 --> 01:23:11,720
Speaker 1: about the colleges because they are not only crooks and

1629
01:23:11,760 --> 01:23:14,800
Speaker 1: criminals who have bankrupted millions of American youths, but they

1630
01:23:14,800 --> 01:23:18,959
Speaker 1: have specifically defrauded the US government, the taxpayers, students themselves

1631
01:23:19,120 --> 01:23:22,439
Speaker 1: to prop up an army of useless diversity bureaucrats who

1632
01:23:22,439 --> 01:23:25,400
Speaker 1: are ruining our society. The argument was, well, we can't

1633
01:23:25,479 --> 01:23:27,160
Speaker 1: let bid the perfect the enemy of the good, and

1634
01:23:27,200 --> 01:23:29,080
Speaker 1: I'm glad people got some relief. I want to make

1635
01:23:29,120 --> 01:23:31,400
Speaker 1: that very clear. But let's take a real hard look

1636
01:23:31,479 --> 01:23:34,280
Speaker 1: into the exact institutions that we just handed a trillion

1637
01:23:34,320 --> 01:23:37,800
Speaker 1: dollar lifeline. Let's start with Oberlin College. Oberlin is a

1638
01:23:37,840 --> 01:23:40,640
Speaker 1: poster child for the problem. Private liberal arts college in

1639
01:23:40,680 --> 01:23:44,200
Speaker 1: Ohio charges eighty thousand dollars a year in total for students.

1640
01:23:44,360 --> 01:23:46,920
Speaker 1: Tuition at the university has been spiking for years. It

1641
01:23:46,960 --> 01:23:49,400
Speaker 1: caters to the children of the PMC elite to further

1642
01:23:49,439 --> 01:23:52,200
Speaker 1: its kind, and its racial politics are about exactly what

1643
01:23:52,240 --> 01:23:54,960
Speaker 1: you would expect. Ironically, this is now a huge problem

1644
01:23:55,000 --> 01:23:57,680
Speaker 1: for them after Oberlin was ordered by a judge to

1645
01:23:57,720 --> 01:24:00,960
Speaker 1: pay thirty seven million dollars in day damages to a

1646
01:24:01,000 --> 01:24:04,559
Speaker 1: local bakery that it defamed as racist. The circumstances of

1647
01:24:04,560 --> 01:24:07,080
Speaker 1: the situation are very ugly. They reveal exactly who tuition

1648
01:24:07,200 --> 01:24:09,840
Speaker 1: money is propping up. In twenty sixteen, there was an

1649
01:24:09,840 --> 01:24:12,200
Speaker 1: incident at a local bakery near the campus in which

1650
01:24:12,200 --> 01:24:14,120
Speaker 1: a student tried to buy a bottle of wine with

1651
01:24:14,240 --> 01:24:17,280
Speaker 1: a fake ID while shoplifting two more under his coat.

1652
01:24:17,600 --> 01:24:20,479
Speaker 1: Is it the crimer's century No, not great though at

1653
01:24:20,479 --> 01:24:22,120
Speaker 1: the time a son of the owner he was a

1654
01:24:22,200 --> 01:24:25,000
Speaker 1: manning the cash register, noticed the shoplifting and chased the

1655
01:24:25,040 --> 01:24:27,160
Speaker 1: student out onto the street. They got into some sort

1656
01:24:27,160 --> 01:24:30,479
Speaker 1: of scuffle. Once again, seems pretty pedestrian. The student with

1657
01:24:30,520 --> 01:24:34,040
Speaker 1: shoplifting was arrested. Should have probably ended there, but oh no,

1658
01:24:34,560 --> 01:24:37,799
Speaker 1: because the student who was shoplifting was black. Almost instantly,

1659
01:24:37,800 --> 01:24:41,519
Speaker 1: the campus exploded, with hundreds of people surrounding the bakery

1660
01:24:41,720 --> 01:24:45,720
Speaker 1: and branding it as racist now cringe students organizing boycott's is.

1661
01:24:45,720 --> 01:24:50,400
Speaker 1: One thing where things got worse is in the Oberlin administration. Specifically,

1662
01:24:50,439 --> 01:24:53,760
Speaker 1: the Dean of students joined in by not only attending

1663
01:24:53,800 --> 01:24:57,360
Speaker 1: these protests outside the bakery, but printing out and distributing

1664
01:24:57,400 --> 01:25:00,439
Speaker 1: flyers from the university that said the bo was a

1665
01:25:00,520 --> 01:25:03,559
Speaker 1: quote racist establishment in all caps that quote had a

1666
01:25:03,600 --> 01:25:07,280
Speaker 1: long account of racial profiling and discrimination. The dean had

1667
01:25:07,560 --> 01:25:11,760
Speaker 1: not one shred of evidence to back up this egregious claim. Furthermore,

1668
01:25:12,040 --> 01:25:15,280
Speaker 1: Oberlin said that it would stop placing orders from the

1669
01:25:15,280 --> 01:25:18,360
Speaker 1: bakery for campus events, and only would do so if

1670
01:25:18,400 --> 01:25:21,240
Speaker 1: the bakery dropped the charges against its students who were

1671
01:25:21,280 --> 01:25:24,280
Speaker 1: literally caught in the act of shoplifting and by the way,

1672
01:25:24,520 --> 01:25:27,519
Speaker 1: do not even claim they weren't breaking the law. The

1673
01:25:27,600 --> 01:25:32,320
Speaker 1: campaign by administrators continued, including literally using the institution to

1674
01:25:32,439 --> 01:25:35,679
Speaker 1: combat the bakery. After years of wrangling the judicial system

1675
01:25:35,680 --> 01:25:37,960
Speaker 1: and a final ruling in the Ohio Supreme Court. They

1676
01:25:38,000 --> 01:25:40,160
Speaker 1: now have to pay up big time on the charge

1677
01:25:40,200 --> 01:25:44,080
Speaker 1: of libel. But it really got me is this Oberlin,

1678
01:25:44,240 --> 01:25:46,559
Speaker 1: in its decision to pay the Gibson family and the bakery,

1679
01:25:46,640 --> 01:25:49,840
Speaker 1: who they admitted no wrongdoing. They said they only quote

1680
01:25:50,040 --> 01:25:52,800
Speaker 1: hoped healing could now continue with the city that they

1681
01:25:52,840 --> 01:25:54,760
Speaker 1: now have in the college in And they had the

1682
01:25:54,800 --> 01:25:58,360
Speaker 1: gall to say, quote, with careful financial planning, they could

1683
01:25:58,400 --> 01:26:02,439
Speaker 1: afford the judgment without impacting our academic and student experience.

1684
01:26:02,800 --> 01:26:05,720
Speaker 1: What they neglected to say is their endowment is a

1685
01:26:05,800 --> 01:26:10,639
Speaker 1: whopping one billion dollars. They could afford that judgment twenty

1686
01:26:10,640 --> 01:26:13,360
Speaker 1: times over. But they're framing it as if they're somehow

1687
01:26:13,400 --> 01:26:16,320
Speaker 1: detracting funds for students, and it is a pretext, possibly

1688
01:26:16,360 --> 01:26:19,800
Speaker 1: for inevitable tuition rais next year. Again, to be one

1689
01:26:19,880 --> 01:26:24,080
Speaker 1: hundred percent clear, Oberlin has never admitted wrongdoing. After the

1690
01:26:24,160 --> 01:26:26,920
Speaker 1: jury found for the bakery in twenty nineteen, they continued

1691
01:26:26,960 --> 01:26:29,080
Speaker 1: to claim, with zero evidence that a bakery was the

1692
01:26:29,120 --> 01:26:31,639
Speaker 1: one who was responsible. Now once again you can say

1693
01:26:31,640 --> 01:26:33,880
Speaker 1: this stuff doesn't matter, Sager, but I beg to differ

1694
01:26:34,040 --> 01:26:36,879
Speaker 1: the people who are indoctrinated and participate in this madness

1695
01:26:37,040 --> 01:26:39,519
Speaker 1: not only grow up, they work at powerful institutions in

1696
01:26:39,520 --> 01:26:43,280
Speaker 1: this country, and the behavior we are normalizing but now subsidizing,

1697
01:26:43,560 --> 01:26:46,160
Speaker 1: matters a hell of a lot. And there's another recent

1698
01:26:46,160 --> 01:26:48,960
Speaker 1: incident that also underscores the insanity of these institutions that

1699
01:26:49,040 --> 01:26:51,800
Speaker 1: were propping up. At a recent women's volleyball match between

1700
01:26:51,840 --> 01:26:55,240
Speaker 1: Duke University and Brigham Young University, a Duke player claimed

1701
01:26:55,240 --> 01:26:57,960
Speaker 1: that students in the BYU crowd had racially heckled her

1702
01:26:58,000 --> 01:27:01,160
Speaker 1: and hurled slurs at her during the match. BYU appears

1703
01:27:01,200 --> 01:27:03,360
Speaker 1: to have identified the person involved, and they took the

1704
01:27:03,360 --> 01:27:05,280
Speaker 1: word of the player, saying that person be banned from

1705
01:27:05,280 --> 01:27:08,400
Speaker 1: future sporting events. But then the person they banned claimed

1706
01:27:08,439 --> 01:27:11,080
Speaker 1: they actually had never said anything. Campus police got involved.

1707
01:27:11,080 --> 01:27:13,280
Speaker 1: They reviewed a video camera that was directly trained on

1708
01:27:13,320 --> 01:27:16,040
Speaker 1: the man, which didn't show him speaking at all. BYU

1709
01:27:16,120 --> 01:27:18,439
Speaker 1: then said, oh, well, maybe someone else said something. They

1710
01:27:18,439 --> 01:27:20,599
Speaker 1: asked people to send in videos from the crowd surrounding

1711
01:27:20,640 --> 01:27:24,439
Speaker 1: areas well. Hmm. After looking at all video evidence and

1712
01:27:24,520 --> 01:27:27,439
Speaker 1: audio evidence, including interviewing more than fifty people who were

1713
01:27:27,439 --> 01:27:29,200
Speaker 1: in the stands, the people who worked at Duke, the

1714
01:27:29,240 --> 01:27:32,639
Speaker 1: people who worked for BYU, event security management, etc. Here's

1715
01:27:32,680 --> 01:27:35,759
Speaker 1: what they say. Quote, they have not found any evidence

1716
01:27:35,840 --> 01:27:38,759
Speaker 1: to corroborate the allegation that fans engage in racial heckling

1717
01:27:39,040 --> 01:27:41,800
Speaker 1: or uttered racial slurs at the event. Now, look, I'm

1718
01:27:41,840 --> 01:27:43,920
Speaker 1: not saying the player is lying. Maybe she thought she

1719
01:27:44,000 --> 01:27:46,240
Speaker 1: heard something and she got upset. I actually get that

1720
01:27:46,280 --> 01:27:49,000
Speaker 1: people have said racially disparaging things to me before. After

1721
01:27:49,040 --> 01:27:51,920
Speaker 1: that you become very high persensitive. But the student is

1722
01:27:51,960 --> 01:27:54,880
Speaker 1: sticking to her story. That's her right. But worse is

1723
01:27:54,920 --> 01:27:58,720
Speaker 1: that duke who has said this is quote, we unequivocally

1724
01:27:58,760 --> 01:28:03,160
Speaker 1: stand with and champion our student, especially when their character

1725
01:28:03,520 --> 01:28:06,559
Speaker 1: is called into question. So, in other words, even if

1726
01:28:06,600 --> 01:28:08,600
Speaker 1: there is an a shred of evidence to back up

1727
01:28:08,640 --> 01:28:12,320
Speaker 1: this accusation, the university is backing it up and portraying

1728
01:28:12,360 --> 01:28:15,439
Speaker 1: it as a racist instrument in a raci incident, slandering

1729
01:28:15,439 --> 01:28:18,559
Speaker 1: another university and its fans as racists. They're refusing to

1730
01:28:18,600 --> 01:28:21,639
Speaker 1: back down. Given what happened with their fake Duke lacrosse

1731
01:28:21,840 --> 01:28:24,120
Speaker 1: rape case in two thousand and seven, you would think

1732
01:28:24,200 --> 01:28:26,800
Speaker 1: they would learn their lesson, but of course they've only

1733
01:28:26,840 --> 01:28:30,720
Speaker 1: learned to triple down. This mind virus infects the institutions

1734
01:28:30,720 --> 01:28:34,280
Speaker 1: of education across this country. It is genuinely difficult to

1735
01:28:34,320 --> 01:28:37,000
Speaker 1: believe if you don't delve every once in a while

1736
01:28:37,040 --> 01:28:40,080
Speaker 1: into the crazy cases like this that happen all the time.

1737
01:28:40,479 --> 01:28:43,160
Speaker 1: All I'm saying, is it the most important thing in

1738
01:28:43,160 --> 01:28:46,080
Speaker 1: the world. No, but it's a perfect view why these

1739
01:28:46,120 --> 01:28:48,720
Speaker 1: institutions really do need to be destroyed and a new

1740
01:28:48,760 --> 01:28:51,400
Speaker 1: breed of faculty in order to particularly to get the boot.

1741
01:28:51,680 --> 01:28:54,000
Speaker 1: To date, I have not heard really a single credible

1742
01:28:54,000 --> 01:28:56,720
Speaker 1: response from people who back up student loan forgiveness to

1743
01:28:57,120 --> 01:29:01,559
Speaker 1: genuinely grapple with this problem financially and ideologically. Once again,

1744
01:29:01,600 --> 01:29:04,240
Speaker 1: I'm reiterating my call, you need to burn these places

1745
01:29:04,280 --> 01:29:06,559
Speaker 1: to the ground if they are all good for is

1746
01:29:06,640 --> 01:29:09,760
Speaker 1: trying to split us up right now on false pretenses,

1747
01:29:10,080 --> 01:29:11,519
Speaker 1: and that's something that I just can't get out of

1748
01:29:11,520 --> 01:29:13,880
Speaker 1: my head, Crystal. I mean this duchy incident, and if

1749
01:29:13,920 --> 01:29:16,719
Speaker 1: you want to hear my reaction to Cyber's monologue, become

1750
01:29:16,760 --> 01:29:23,000
Speaker 1: a premium subscriber today at Breakingpoints dot com. Hey guys,

1751
01:29:23,040 --> 01:29:25,439
Speaker 1: we had some technical difficulties in connecting with Jeff. We're

1752
01:29:25,479 --> 01:29:27,080
Speaker 1: going to post the interview. We just want to make

1753
01:29:27,080 --> 01:29:29,160
Speaker 1: sure that the show isn't late, so that'll come a

1754
01:29:29,200 --> 01:29:32,160
Speaker 1: little bit later today, we'll send out another email as well,

1755
01:29:32,200 --> 01:29:34,400
Speaker 1: so everybody can go ahead and enjoy that. Just as

1756
01:29:34,400 --> 01:29:36,880
Speaker 1: a reminder, we've got the discount going on the annual

1757
01:29:36,880 --> 01:29:40,360
Speaker 1: subscription and we've got the Chicago Live show on sale

1758
01:29:40,439 --> 01:29:43,320
Speaker 1: right now for the premium members. This is a similar

1759
01:29:43,320 --> 01:29:45,840
Speaker 1: size venue to Atlanta. We got to sell this out, folks.

1760
01:29:45,840 --> 01:29:48,280
Speaker 1: We've got exactly one month to actually make it happen,

1761
01:29:48,320 --> 01:29:50,120
Speaker 1: So check out the link which is at the very

1762
01:29:50,200 --> 01:29:52,759
Speaker 1: very top of your newsletter to go ahead and purchase

1763
01:29:52,800 --> 01:29:55,920
Speaker 1: your tickets. As reminder, lifetime members, you guys get access

1764
01:29:55,920 --> 01:29:57,719
Speaker 1: to any live show that you want. Buy your tickets,

1765
01:29:57,800 --> 01:30:00,600
Speaker 1: send us the receipt, we will refund it full to

1766
01:30:00,680 --> 01:30:02,320
Speaker 1: all of you, and with that we will see you

1767
01:30:02,400 --> 01:30:04,400
Speaker 1: all tomorrow. Love you guys, See you all tomorrow.