1 00:00:03,840 --> 00:00:09,320 Speaker 1: It's that time, time, time, time, luck and load. 2 00:00:11,200 --> 00:00:13,360 Speaker 2: So Michael Verie Show is. 3 00:00:13,240 --> 00:00:13,880 Speaker 3: On the air. 4 00:00:14,120 --> 00:00:18,360 Speaker 4: I returned to this chamber tonight to report that America's 5 00:00:18,480 --> 00:00:22,840 Speaker 4: momentum is back, our spirit is back, our pride is back, 6 00:00:23,239 --> 00:00:26,960 Speaker 4: our confidence is back, and the American Dream is surging 7 00:00:27,040 --> 00:00:36,960 Speaker 4: bigger and better than ever before. This will be our 8 00:00:36,960 --> 00:00:40,920 Speaker 4: greatest era. With God's help, over the next four years, 9 00:00:40,960 --> 00:00:45,000 Speaker 4: we are going to lead this nation even higher, and 10 00:00:45,080 --> 00:00:50,480 Speaker 4: we are going to forge the freest, most advanced, most dynamic, 11 00:00:51,159 --> 00:00:54,920 Speaker 4: and most dominant civilization ever to exist on the face 12 00:00:55,000 --> 00:00:55,640 Speaker 4: of this earth. 13 00:00:56,600 --> 00:00:59,080 Speaker 2: We are going to create the highest quality of. 14 00:00:59,040 --> 00:01:03,920 Speaker 4: Life, build the safest and wealthiest and healthiest and most 15 00:01:04,000 --> 00:01:06,640 Speaker 4: vital communities. 16 00:01:06,000 --> 00:01:09,560 Speaker 2: Anywhere in the world. We are going to conquer. 17 00:01:09,200 --> 00:01:12,280 Speaker 4: The vast frontiers of science, and we are going to 18 00:01:13,160 --> 00:01:16,920 Speaker 4: lead humanity into space and plant the American flag on 19 00:01:17,000 --> 00:01:45,520 Speaker 4: the planet Mars and even far beyond. And through it all, 20 00:01:45,600 --> 00:01:49,680 Speaker 4: we are going to rediscover the unstoppable power of the 21 00:01:49,720 --> 00:01:54,200 Speaker 4: American spirit, and we are going to renew unlimited promise 22 00:01:54,320 --> 00:01:55,880 Speaker 4: of the American Dream. 23 00:01:56,280 --> 00:01:57,600 Speaker 2: Every single day, we. 24 00:01:57,520 --> 00:02:00,880 Speaker 4: Will stand up and we will fight, fight for the 25 00:02:00,960 --> 00:02:03,640 Speaker 4: country our citizens believe in, and for the. 26 00:02:03,640 --> 00:02:05,120 Speaker 2: Country our people deserve. 27 00:02:08,639 --> 00:02:12,679 Speaker 4: My fellow Americans, get ready for an incredible future because 28 00:02:13,200 --> 00:02:18,200 Speaker 4: the Golden Age of America has only just begun. It 29 00:02:18,240 --> 00:02:22,440 Speaker 4: will be like nothing that has ever been seen before. 30 00:02:22,919 --> 00:02:47,079 Speaker 4: Thank you, God bless you, and God bless. 31 00:02:46,919 --> 00:02:50,040 Speaker 5: Honored you get to join you on this the National 32 00:02:50,160 --> 00:02:58,600 Speaker 5: Day of Prayer for President making remarks earlier today in 33 00:02:58,720 --> 00:03:03,760 Speaker 5: a prayerful home, hopeful, upper tunistic. 34 00:03:08,000 --> 00:03:14,440 Speaker 2: Positive note. I feel he struck number of listeners. 35 00:03:15,480 --> 00:03:17,119 Speaker 5: We're not a breaking news show, but I will speak 36 00:03:17,160 --> 00:03:18,680 Speaker 5: to this because I can tell people who are upset 37 00:03:18,720 --> 00:03:25,000 Speaker 5: about it emailing me very concerned with with Mike Waltz 38 00:03:25,080 --> 00:03:30,080 Speaker 5: being out as National Security Advisor after the. 39 00:03:29,480 --> 00:03:30,480 Speaker 2: Signal chat leak. 40 00:03:31,680 --> 00:03:35,400 Speaker 5: Let me say to you, folks, to be more like 41 00:03:35,440 --> 00:03:40,520 Speaker 5: the Democrats. Focus yourself on the cause, on the movement, 42 00:03:41,320 --> 00:03:47,680 Speaker 5: and understand that the pieces are interchangeable. Don't worry about 43 00:03:47,720 --> 00:03:55,480 Speaker 5: winning every battle, don't worry about things that are not important. 44 00:03:55,720 --> 00:03:59,720 Speaker 5: You know, the serenity prayer. God grant me the strength 45 00:03:59,760 --> 00:04:03,760 Speaker 5: to accept the things I can't change and the wisdom 46 00:04:03,800 --> 00:04:06,640 Speaker 5: to know which those are or something to that effect. Okay, yeah, 47 00:04:06,640 --> 00:04:10,280 Speaker 5: you're right, I bungled it all right. Let me take 48 00:04:10,320 --> 00:04:15,000 Speaker 5: a deep breath and remember it is. God grant me 49 00:04:15,240 --> 00:04:22,880 Speaker 5: the serenity to accept the things I cannot change, the 50 00:04:23,080 --> 00:04:27,280 Speaker 5: courage to change, that's right, yah, courage to change the 51 00:04:27,320 --> 00:04:32,839 Speaker 5: things I can, and wisdom to know the difference. Well, 52 00:04:32,839 --> 00:04:35,200 Speaker 5: it's not like I prepared ahead of time. I had 53 00:04:35,200 --> 00:04:35,880 Speaker 5: to remember it. 54 00:04:36,520 --> 00:04:39,760 Speaker 2: That's it. God. I remember things by wrote. 55 00:04:39,920 --> 00:04:43,280 Speaker 5: So when I first learned things, whether it be the 56 00:04:43,320 --> 00:04:47,800 Speaker 5: prologue to the Canterbury Tales or the message behind Thomas 57 00:04:47,880 --> 00:04:50,160 Speaker 5: Jefferson at the Jefferson Memorial in DC. 58 00:04:50,400 --> 00:04:51,600 Speaker 2: I just say it over and over again. 59 00:04:51,600 --> 00:04:54,480 Speaker 5: So I get into a routine, and you know, everybody 60 00:04:54,560 --> 00:04:56,960 Speaker 5: has their their tricks, but I've got to say the 61 00:04:56,960 --> 00:05:00,920 Speaker 5: words exactly because one word off and train gets off 62 00:05:00,960 --> 00:05:04,360 Speaker 5: the off tra. God grant me the serenity to accept 63 00:05:04,440 --> 00:05:08,880 Speaker 5: the things I cannot change, the courage to change the 64 00:05:08,880 --> 00:05:14,120 Speaker 5: things I can, and the wisdom to know the difference. So, folks, 65 00:05:15,880 --> 00:05:18,320 Speaker 5: we have been on a honeymoon. You understand this. This 66 00:05:18,480 --> 00:05:21,920 Speaker 5: is literally referred to in political jargon as a honeymoon. 67 00:05:22,560 --> 00:05:24,560 Speaker 5: Trump didn't get the honeymoon most of but I'll tell 68 00:05:24,560 --> 00:05:26,760 Speaker 5: you this, he got more of a honeymoon this time 69 00:05:26,800 --> 00:05:28,680 Speaker 5: than he did the last time because he insisted on 70 00:05:28,760 --> 00:05:31,880 Speaker 5: it because he bulldozed his way through the honeymoon. You're 71 00:05:31,920 --> 00:05:34,919 Speaker 5: going to have to stay focused on the movement because 72 00:05:34,920 --> 00:05:37,559 Speaker 5: you burn yourself out. We're going to lose some people 73 00:05:37,600 --> 00:05:39,640 Speaker 5: along the way. It might be Pete Hegseth, it might 74 00:05:39,680 --> 00:05:44,080 Speaker 5: be Christy Noum, it might be Marco Rubio. I don't 75 00:05:44,080 --> 00:05:46,920 Speaker 5: know that they're gonna be people we're going to lose 76 00:05:46,920 --> 00:05:49,839 Speaker 5: along the way. It is the movement that matters. It 77 00:05:49,960 --> 00:05:55,000 Speaker 5: is the war that matters. And do not fall in 78 00:05:55,120 --> 00:06:00,080 Speaker 5: love with people because they are expendable, I'm telling you, 79 00:06:00,760 --> 00:06:05,640 Speaker 5: And this is Trump's approach. He understands that there are 80 00:06:05,800 --> 00:06:10,880 Speaker 5: transactional relationships you can really like somebody. I despised Mike Pence. 81 00:06:11,120 --> 00:06:15,279 Speaker 5: I despised him the moment he was chosen. I despised 82 00:06:15,320 --> 00:06:17,640 Speaker 5: him as vice president, and I despised him more than 83 00:06:17,640 --> 00:06:19,720 Speaker 5: ever now. And Mike Pence is one of the kind 84 00:06:19,760 --> 00:06:23,359 Speaker 5: of guys that are supposedly Republican who work harder to 85 00:06:23,720 --> 00:06:27,680 Speaker 5: undercut Donald Trump than any Democrat ever has. And the 86 00:06:27,720 --> 00:06:30,000 Speaker 5: other one, who's the big fat guy that was Secretary 87 00:06:30,040 --> 00:06:33,440 Speaker 5: of State, Mike Pompeo, Pompus Pompeo, Chris Christy. 88 00:06:33,720 --> 00:06:35,080 Speaker 2: You get all these guys. 89 00:06:34,800 --> 00:06:39,080 Speaker 5: Around Trump that are you know, they're working as hard 90 00:06:39,080 --> 00:06:42,880 Speaker 5: as they can. Who was the woman that was the 91 00:06:43,160 --> 00:06:47,720 Speaker 5: Trump advisor and her husband? Uh, he's a big, fat guy. 92 00:06:47,760 --> 00:06:48,480 Speaker 6: He wanted to be. 93 00:06:50,400 --> 00:06:52,400 Speaker 5: He wanted to be attorney general than he wanted to 94 00:06:52,400 --> 00:06:54,839 Speaker 5: be an advisor to the president. He got neither. What 95 00:06:55,000 --> 00:06:57,839 Speaker 5: was her name. She was a little bit older, blonde haired, 96 00:06:58,000 --> 00:07:00,000 Speaker 5: she's real, real, real sharp, and then she ended up 97 00:07:00,200 --> 00:07:02,640 Speaker 5: kind of splitting with Trump and then came back to you. 98 00:07:02,720 --> 00:07:05,520 Speaker 5: But anyway, what point of all of this is, stay 99 00:07:05,520 --> 00:07:09,480 Speaker 5: focused on what matters here, folks. Stay focused on what matters, 100 00:07:09,880 --> 00:07:13,200 Speaker 5: and that is saving the country, winning the cause. We're 101 00:07:13,200 --> 00:07:17,760 Speaker 5: gonna have some scandals, or suppose it scandals. There's gonna 102 00:07:17,760 --> 00:07:20,160 Speaker 5: be some people who are cut loose because they cause problems. 103 00:07:20,720 --> 00:07:22,960 Speaker 5: This is the first. There will be many the later 104 00:07:23,000 --> 00:07:24,720 Speaker 5: you go into an administration. I've been at this for 105 00:07:24,720 --> 00:07:27,400 Speaker 5: a long time. The later you go into an administration, 106 00:07:28,120 --> 00:07:30,400 Speaker 5: the more you're gonna lose. You're gonna lose people that 107 00:07:30,440 --> 00:07:33,280 Speaker 5: make mistakes. They're gonna have sexual peccadillos. They're gonna have 108 00:07:33,360 --> 00:07:35,680 Speaker 5: a drug problem, they're gonna have a financial problem, they're 109 00:07:35,720 --> 00:07:37,960 Speaker 5: gonna have they're going to get in a fight, They're 110 00:07:38,000 --> 00:07:40,440 Speaker 5: going to get a DWI. It's just gonna happen. Meanwhile, 111 00:07:40,840 --> 00:07:44,080 Speaker 5: how bad is it for the Democrats? Kamala Harris making 112 00:07:44,120 --> 00:07:50,080 Speaker 5: her first major remarks after her embarrassing, humiliating election loss, 113 00:07:50,200 --> 00:07:51,080 Speaker 5: And it's not good. 114 00:07:51,360 --> 00:07:55,880 Speaker 2: In fact, please allow me, friends to digress for a moment. Okay, 115 00:07:56,640 --> 00:07:57,560 Speaker 2: it's kind of dark in here. 116 00:07:57,560 --> 00:07:58,760 Speaker 7: When I'm asked for show of hands? 117 00:07:59,040 --> 00:08:01,760 Speaker 8: Who saw that from a couple of weeks ago, the 118 00:08:01,800 --> 00:08:04,520 Speaker 8: one of the elephants at the San Diego Zoo during 119 00:08:05,000 --> 00:08:05,760 Speaker 8: the earthquake. 120 00:08:08,680 --> 00:08:09,080 Speaker 9: Google it. 121 00:08:09,200 --> 00:08:14,760 Speaker 2: I do not see it. Sne has been on my mind. 122 00:08:15,720 --> 00:08:18,240 Speaker 8: Everybody's asked me what you've been thinking about these days long. 123 00:08:23,440 --> 00:08:27,040 Speaker 2: These Michael Barry's shows. 124 00:08:29,240 --> 00:08:34,760 Speaker 5: The International Monetary FI the IMF was one of many 125 00:08:35,280 --> 00:08:38,839 Speaker 5: international organizations that was used to meddle in the affairs 126 00:08:39,240 --> 00:08:42,280 Speaker 5: of third world countries. It was a way for the 127 00:08:42,320 --> 00:08:46,120 Speaker 5: globalists to control the third worlders. You give them some 128 00:08:46,160 --> 00:08:50,760 Speaker 5: money and that gave you control. When my wife was 129 00:08:50,760 --> 00:08:53,439 Speaker 5: growing up, the IMF, the United Nations, all these were 130 00:08:53,640 --> 00:08:56,160 Speaker 5: they were very respected in India. That's why that was 131 00:08:56,200 --> 00:08:57,960 Speaker 5: the reason she wanted to be an economist. At the time, 132 00:08:59,280 --> 00:09:02,760 Speaker 5: economists were very well respected in India because economists provided 133 00:09:03,160 --> 00:09:08,280 Speaker 5: the labor statistics and manufacturing and agriculture data and analysis 134 00:09:08,440 --> 00:09:10,920 Speaker 5: that the international organizations would use to figure out how 135 00:09:10,960 --> 00:09:13,520 Speaker 5: exactly they were going to control these people. And the 136 00:09:13,559 --> 00:09:17,160 Speaker 5: IMF was an organization that was in these third world 137 00:09:17,160 --> 00:09:24,800 Speaker 5: countries considered very important because they wrote the checks and 138 00:09:24,880 --> 00:09:27,719 Speaker 5: pretended to care about the third world countries. But as 139 00:09:27,760 --> 00:09:30,839 Speaker 5: Scott Bessant, President Trump's Treasury secretary, who, by the way, 140 00:09:30,880 --> 00:09:34,400 Speaker 5: is doing a great job. Is he the most powerful 141 00:09:34,520 --> 00:09:35,400 Speaker 5: homo in America? 142 00:09:35,440 --> 00:09:35,760 Speaker 9: Today? 143 00:09:36,360 --> 00:09:36,960 Speaker 2: Who's more? 144 00:09:38,320 --> 00:09:39,800 Speaker 5: Elton John may not be in him, He might be 145 00:09:39,800 --> 00:09:42,680 Speaker 5: in England right now? If you tell Elton John out, 146 00:09:42,720 --> 00:09:45,080 Speaker 5: is he the most powerful homeow in America? And why 147 00:09:45,120 --> 00:09:47,040 Speaker 5: is nobody celebrating him? 148 00:09:47,320 --> 00:09:47,520 Speaker 10: Right? 149 00:09:47,679 --> 00:09:49,000 Speaker 2: You think during Gay Pride Month? 150 00:09:49,400 --> 00:09:51,400 Speaker 5: You think during Gay Pride Month they're going to say, 151 00:09:51,440 --> 00:09:52,920 Speaker 5: Scott Besson, he's a hero. 152 00:09:52,840 --> 00:09:56,000 Speaker 2: He's one of us. No, no, they're not. And that's sad. 153 00:09:56,200 --> 00:09:57,719 Speaker 2: That's sad. Anyway, here's what he had to say. I 154 00:09:58,240 --> 00:09:59,000 Speaker 2: like this guy. A lot. 155 00:10:00,400 --> 00:10:05,239 Speaker 11: Was once unwavering in its mission of promoting global monetary 156 00:10:05,280 --> 00:10:10,600 Speaker 11: cooperation and financial stability. Now it devosts does proportion of 157 00:10:10,679 --> 00:10:14,520 Speaker 11: time and resources to work on climate change, gender. 158 00:10:14,600 --> 00:10:15,680 Speaker 12: And social issues. 159 00:10:16,200 --> 00:10:21,280 Speaker 11: These issues are not the IMF mission, and the ims 160 00:10:21,280 --> 00:10:24,840 Speaker 11: focus in these areas is crowding out its work on 161 00:10:24,960 --> 00:10:30,960 Speaker 11: critical macroeconomic issues. The IMF must be a brutal truth teller, 162 00:10:31,400 --> 00:10:37,040 Speaker 11: and not just to some members today IMF, the IMF 163 00:10:37,320 --> 00:10:41,160 Speaker 11: has been whistling past the graveyard. It's twenty twenty four 164 00:10:41,440 --> 00:10:47,000 Speaker 11: external Sector report was entitled in Balances Receding. This polyannish 165 00:10:47,280 --> 00:10:51,920 Speaker 11: outlook is symptomatic of an institution more dedicated to preserving 166 00:10:51,960 --> 00:10:55,280 Speaker 11: the status quo than answering the hard questions. 167 00:10:56,559 --> 00:11:00,360 Speaker 5: The Federal Reserve Chairman is appointed by the President and 168 00:11:00,400 --> 00:11:03,560 Speaker 5: confirmed by the Senate for a four year term. The 169 00:11:03,600 --> 00:11:07,000 Speaker 5: Federal Reserve sets monetary policy. And I'm assuming you know 170 00:11:07,000 --> 00:11:10,040 Speaker 5: what that means, but in case you don't, that is 171 00:11:10,080 --> 00:11:13,040 Speaker 5: what affects the interest rate at which you can borrow money. 172 00:11:13,240 --> 00:11:15,560 Speaker 5: So if you borrowed money for a mortgage at eight 173 00:11:15,600 --> 00:11:18,560 Speaker 5: and a half percent versus to and a quarter percent, 174 00:11:19,679 --> 00:11:24,800 Speaker 5: those rates, the rate at which the bank borrows and 175 00:11:24,840 --> 00:11:27,920 Speaker 5: then sets rates for you, the end consumer, are set 176 00:11:28,160 --> 00:11:29,040 Speaker 5: by the Federal Reserve. 177 00:11:29,080 --> 00:11:30,920 Speaker 2: The Fed and as. 178 00:11:30,880 --> 00:11:33,839 Speaker 5: Ron Paul said and his son after him, ran it's 179 00:11:33,880 --> 00:11:37,920 Speaker 5: an evil organization up to no good. Jerome Powell was 180 00:11:37,960 --> 00:11:41,720 Speaker 5: confirmed for his second term as chairman of that evil 181 00:11:41,760 --> 00:11:46,200 Speaker 5: empire in May of twenty twenty two. If that position 182 00:11:47,240 --> 00:11:51,080 Speaker 5: can be filled by the president, then does the president 183 00:11:51,120 --> 00:11:55,200 Speaker 5: have the power to fire the chairman. If he doesn't, 184 00:11:56,120 --> 00:11:58,200 Speaker 5: then that person is the most powerful person in the country, 185 00:11:58,320 --> 00:11:59,920 Speaker 5: right And that's what we're going to find out. 186 00:12:00,200 --> 00:12:02,560 Speaker 2: See Trump proves you don't just go hey. 187 00:12:03,080 --> 00:12:06,280 Speaker 5: People will say he can't fire the FED chairman. So 188 00:12:06,320 --> 00:12:10,319 Speaker 5: Trump understands, you fire him and then you force the case. 189 00:12:11,160 --> 00:12:14,800 Speaker 5: This is how you bring change. Senator John Kennedy from 190 00:12:14,800 --> 00:12:17,800 Speaker 5: wisy Ina was on Meet the Press and he said 191 00:12:18,040 --> 00:12:21,160 Speaker 5: he didn't think any president should have that power. Now 192 00:12:21,200 --> 00:12:23,320 Speaker 5: I'm playing this for all of you who love the 193 00:12:23,360 --> 00:12:26,160 Speaker 5: little bone moots of John Kennedy. 194 00:12:26,440 --> 00:12:29,640 Speaker 2: Oh, John Kennedy's great. He's like Will Rogers. 195 00:12:29,920 --> 00:12:34,679 Speaker 5: He's the folksy until it comes time that you need him, 196 00:12:34,920 --> 00:12:37,560 Speaker 5: and he'll always always let you down. 197 00:12:37,920 --> 00:12:40,760 Speaker 13: Tensions have been mounting between the president and the FED chair. 198 00:12:41,080 --> 00:12:44,679 Speaker 14: Would you support President Trump removing Jerome. 199 00:12:44,320 --> 00:12:45,440 Speaker 2: Powell as FED chair? 200 00:12:46,000 --> 00:12:48,320 Speaker 15: I don't think the president, any president has the right 201 00:12:48,880 --> 00:12:52,559 Speaker 15: to remove the Federal Reserve chairman. I think the Federal 202 00:12:52,600 --> 00:12:57,600 Speaker 15: Reserve ought to be independent. I think that j Powell 203 00:12:57,640 --> 00:13:00,320 Speaker 15: and President Trump need to sit down and once gain 204 00:13:00,480 --> 00:13:03,400 Speaker 15: have a hug and a cup of hot cocoa and 205 00:13:03,440 --> 00:13:06,120 Speaker 15: work it out. My experience with Jay Poal is that 206 00:13:06,160 --> 00:13:08,520 Speaker 15: he's got Tiger Blake. He's going to do what he 207 00:13:08,559 --> 00:13:11,280 Speaker 15: thinks is right, and he's not going to go down 208 00:13:11,320 --> 00:13:15,440 Speaker 15: in history as the Federal Reserve chairman that allowed inflation 209 00:13:16,280 --> 00:13:18,800 Speaker 15: to become wild, as a marqu hare, and he's going 210 00:13:18,880 --> 00:13:20,360 Speaker 15: to do what he thinks he's got to do. 211 00:13:21,080 --> 00:13:25,600 Speaker 5: The CEO of Azoria, James Fishback, was on Fox Business 212 00:13:25,600 --> 00:13:29,520 Speaker 5: with Charles Pain when he said the Fed cut rates 213 00:13:30,040 --> 00:13:33,440 Speaker 5: before the election to help Kamala Harris. You understand how 214 00:13:33,440 --> 00:13:36,920 Speaker 5: this works, right. They cut the interest rate so you 215 00:13:36,920 --> 00:13:41,000 Speaker 5: could borrow for less. That stimulates economic activity. They did 216 00:13:41,000 --> 00:13:44,480 Speaker 5: that to try to help Kamala Harris. Because when things 217 00:13:44,480 --> 00:13:47,160 Speaker 5: are going well, you're more likely to support the party 218 00:13:47,160 --> 00:13:50,120 Speaker 5: that's in power. When they're not going well, you're more 219 00:13:50,200 --> 00:13:52,400 Speaker 5: likely to oppose them. That's why they don't want to 220 00:13:52,400 --> 00:13:56,520 Speaker 5: lower interest rates because that would stimulate the economy, and 221 00:13:56,559 --> 00:13:58,000 Speaker 5: they don't want that to happen for Trump. 222 00:13:58,200 --> 00:14:02,040 Speaker 16: For every one republic economist who works at the Federal Reserve. 223 00:14:02,400 --> 00:14:06,640 Speaker 16: There are ten Democrat economists. For every one dollars donated 224 00:14:06,640 --> 00:14:10,640 Speaker 16: from FED employees in the twenty twenty election, ninety seven 225 00:14:10,760 --> 00:14:15,280 Speaker 16: cents went to Democratic candidates or causes. The rate cut 226 00:14:15,320 --> 00:14:19,560 Speaker 16: that had no justification in unfundamentals of the economy before 227 00:14:19,600 --> 00:14:23,400 Speaker 16: the election, was designed to throw Kamala Harris a lifeline. 228 00:14:23,440 --> 00:14:26,440 Speaker 16: And now when there's a real justification with lower inflation 229 00:14:26,480 --> 00:14:29,400 Speaker 16: in the midst of a trade negotiation, a real justification 230 00:14:29,480 --> 00:14:32,960 Speaker 16: for lower rates, j Powell wants to do absolutely nothing 231 00:14:33,280 --> 00:14:35,720 Speaker 16: except stand in the way. And so it's right that 232 00:14:35,800 --> 00:14:38,280 Speaker 16: President Trump is calling this out. He has many options 233 00:14:38,360 --> 00:14:40,400 Speaker 16: in front of him. But I just wish that Jerome 234 00:14:40,400 --> 00:14:42,880 Speaker 16: Powell would do the right thing, look at the facts, 235 00:14:43,080 --> 00:14:45,040 Speaker 16: look at what his colleagues in Europe and Canada and 236 00:14:45,080 --> 00:14:48,360 Speaker 16: England are doing, and lower rates to support our economy 237 00:14:48,360 --> 00:14:49,840 Speaker 16: in this critical transition period. 238 00:14:49,920 --> 00:14:53,120 Speaker 11: So Day's many are concerned, myself included, at firing Pal 239 00:14:53,200 --> 00:14:54,320 Speaker 11: at this very second. 240 00:14:54,440 --> 00:14:57,320 Speaker 9: With the market as fragile ed as is, can actually. 241 00:14:56,960 --> 00:14:57,920 Speaker 11: Do more harm than good. 242 00:14:58,160 --> 00:15:01,160 Speaker 2: Some have also talked about as shadow FED chair. Would 243 00:15:01,240 --> 00:15:04,440 Speaker 2: you be open to that? I would be. 244 00:15:04,400 --> 00:15:06,640 Speaker 16: Open and I would be honored if the President would 245 00:15:06,640 --> 00:15:09,760 Speaker 16: consider me for shadow FED share. I've been following this 246 00:15:09,800 --> 00:15:12,160 Speaker 16: for a decade now, looking very closely at FED policy 247 00:15:12,160 --> 00:15:14,600 Speaker 16: and its implications not just on the stock market, Charles, 248 00:15:14,680 --> 00:15:17,720 Speaker 16: but on real America. As we speak, President Trump is 249 00:15:17,760 --> 00:15:20,760 Speaker 16: meeting with the executives of companies like Walmart, Home Depot, 250 00:15:20,760 --> 00:15:24,920 Speaker 16: and Target. He regularly meets with farmers, the unemployed retirees. 251 00:15:25,040 --> 00:15:27,720 Speaker 16: J Powell just sits around listen into whatever four hundred 252 00:15:27,800 --> 00:15:31,720 Speaker 16: PhD economists say talking about racial injustice and climate change. 253 00:15:31,840 --> 00:15:34,120 Speaker 16: We need a FED that is accountable to the American 254 00:15:34,160 --> 00:15:36,520 Speaker 16: people and that focuses on the real economy. To your question, 255 00:15:36,600 --> 00:15:38,800 Speaker 16: I'm going to be very honest with you. If President 256 00:15:38,840 --> 00:15:41,840 Speaker 16: Trump decided to fire J. Powell right now, the stock 257 00:15:41,880 --> 00:15:44,280 Speaker 16: market would panic. But at the end of the day, 258 00:15:44,360 --> 00:15:46,560 Speaker 16: our founding fathers would not want us to make long 259 00:15:46,640 --> 00:15:49,360 Speaker 16: term decisions based on the short term emotions of a 260 00:15:49,440 --> 00:15:52,480 Speaker 16: highly volable market. I think the President should consider his options, 261 00:15:52,720 --> 00:15:54,840 Speaker 16: and at the end of the day, ultimately the American 262 00:15:54,840 --> 00:15:57,320 Speaker 16: people and history, not the stock market, are going to 263 00:15:57,320 --> 00:15:58,440 Speaker 16: decide his faith. 264 00:15:59,120 --> 00:16:03,200 Speaker 5: While we're on the sub to finances, Treasury Secretary Scott Besson. 265 00:16:03,280 --> 00:16:05,960 Speaker 5: We think he's doing a great job. He said something 266 00:16:06,000 --> 00:16:10,520 Speaker 5: that resonated with me. He said, everyone should care about 267 00:16:10,600 --> 00:16:12,440 Speaker 5: financial literacy, and I agree with this. 268 00:16:12,800 --> 00:16:16,560 Speaker 12: Everyone should care about financial literacy, whether you are a 269 00:16:16,680 --> 00:16:19,480 Speaker 12: student with a summer job or a part time job 270 00:16:19,880 --> 00:16:23,920 Speaker 12: during school, whether you're in college, whether you're starting your career, 271 00:16:24,400 --> 00:16:26,880 Speaker 12: or whether you are at the end of your career. 272 00:16:27,440 --> 00:16:31,560 Speaker 12: Making good financial choices creates economic security. 273 00:16:32,000 --> 00:16:33,680 Speaker 2: And look, it's fun. 274 00:16:34,040 --> 00:16:41,120 Speaker 12: You learn about the markets, you learn how to. 275 00:16:40,040 --> 00:16:42,960 Speaker 5: Have almost went the lawless good of myself. 276 00:16:42,600 --> 00:16:43,720 Speaker 2: The Michael Verie Show. 277 00:16:44,480 --> 00:16:46,240 Speaker 5: I've had a lot of people tell me that they 278 00:16:46,280 --> 00:16:48,120 Speaker 5: should have been taught. I wish they'd been taught in 279 00:16:48,120 --> 00:16:52,280 Speaker 5: school how money works. But it's not just in school. 280 00:16:52,640 --> 00:16:56,760 Speaker 5: Read Thomas Soul's Basic Economics. Just start there and educate 281 00:16:56,800 --> 00:17:00,880 Speaker 5: yourself on how the system works. People don't understand compounding interest. 282 00:17:01,600 --> 00:17:04,120 Speaker 5: They don't understand the effects of debt, they don't understand 283 00:17:04,160 --> 00:17:07,280 Speaker 5: the effects of equity, they don't understand any of these things. 284 00:17:07,800 --> 00:17:10,200 Speaker 5: You've got to teach yourself. Not whine about it, because 285 00:17:10,200 --> 00:17:13,320 Speaker 5: if you don't understand the rules of the game, then 286 00:17:13,440 --> 00:17:14,720 Speaker 5: you're you're not going to win. 287 00:17:16,040 --> 00:17:16,600 Speaker 2: You want to know. 288 00:17:16,560 --> 00:17:20,919 Speaker 5: Who hadn't learned the lessons about basic economics. Oakland's mayor elect, 289 00:17:20,920 --> 00:17:23,919 Speaker 5: Barbara Lee. This is Barbara Lee during one of the 290 00:17:23,920 --> 00:17:27,840 Speaker 5: debates leading up to her election, advocating for a fifty 291 00:17:28,320 --> 00:17:31,280 Speaker 5: five zero dollar minimum wage. 292 00:17:32,080 --> 00:17:32,919 Speaker 2: Good grief. 293 00:17:33,840 --> 00:17:37,280 Speaker 13: You're calling for a fifty dollars an hour federal minimum wage. 294 00:17:37,320 --> 00:17:40,440 Speaker 13: That's seven times the current national minimum wage of seven 295 00:17:40,440 --> 00:17:43,000 Speaker 13: to twenty five an hour. Can you explain how that 296 00:17:43,040 --> 00:17:47,600 Speaker 13: would be economically sustainable for small businesses? You have sixty seconds. 297 00:17:48,280 --> 00:17:51,040 Speaker 3: First, let me say I owned and ran a small 298 00:17:51,080 --> 00:17:53,200 Speaker 3: business for eleven years. 299 00:17:53,640 --> 00:17:55,160 Speaker 2: I created hundreds of. 300 00:17:55,200 --> 00:17:59,680 Speaker 3: Jobs, benefits, retirement benefits, also. 301 00:17:59,720 --> 00:18:00,880 Speaker 2: Held care benefits. 302 00:18:01,200 --> 00:18:04,320 Speaker 3: I know what worker productivity means, and that means that 303 00:18:04,359 --> 00:18:07,639 Speaker 3: you have to make sure that your employees are taken 304 00:18:07,680 --> 00:18:10,920 Speaker 3: care of and have a living wage. In the Bay Area, 305 00:18:11,560 --> 00:18:13,879 Speaker 3: I believe it was the United Way came out with 306 00:18:13,960 --> 00:18:18,479 Speaker 3: the report that very recently one hundred and seven twenty 307 00:18:18,520 --> 00:18:22,240 Speaker 3: seven thousand dollars for a family of four is just 308 00:18:22,400 --> 00:18:26,560 Speaker 3: barely enough to get by. Another survey, very recently one 309 00:18:26,600 --> 00:18:29,720 Speaker 3: hundred and four thousand for a family of one barely 310 00:18:29,800 --> 00:18:33,680 Speaker 3: enough to get by low income because of the affordability crisis, 311 00:18:33,960 --> 00:18:35,200 Speaker 3: and so Just do the math. 312 00:18:35,560 --> 00:18:36,280 Speaker 2: Just do the math. 313 00:18:36,480 --> 00:18:40,480 Speaker 3: Of course, we have national minimum wages that we need 314 00:18:40,520 --> 00:18:43,119 Speaker 3: to raise to a living wage. You're talking about twenty 315 00:18:43,200 --> 00:18:45,960 Speaker 3: five dollars. Fine, but I have got to be focused 316 00:18:46,000 --> 00:18:49,919 Speaker 3: on what California needs and what the affordability factor is 317 00:18:50,000 --> 00:18:51,879 Speaker 3: when we calculate this wage. 318 00:18:52,040 --> 00:18:52,800 Speaker 12: MISLEI thank you. 319 00:18:53,280 --> 00:18:55,920 Speaker 5: It was just over a year ago when California raised 320 00:18:55,920 --> 00:18:58,360 Speaker 5: the state's minimum wage to twenty dollars, and. 321 00:18:58,320 --> 00:19:01,679 Speaker 2: Do you remember what happened? Do you remember the rising wages? 322 00:19:01,840 --> 00:19:05,399 Speaker 17: California's fast food workers started earning more money today, twenty 323 00:19:05,480 --> 00:19:08,600 Speaker 17: five percent more than they were making yesterday. The pay 324 00:19:08,680 --> 00:19:11,159 Speaker 17: raise could mean higher prices at some restaurants and has 325 00:19:11,200 --> 00:19:15,440 Speaker 17: reportedly prompted at least one Central Valley business to shutter today. 326 00:19:15,480 --> 00:19:18,080 Speaker 16: The employees of the Foster's Freeze and the more showed 327 00:19:18,119 --> 00:19:19,600 Speaker 16: up for work but got their. 328 00:19:19,520 --> 00:19:20,920 Speaker 13: Last paycheck instead. 329 00:19:21,240 --> 00:19:23,320 Speaker 14: Actually, news anchor and Ne Garcia was in the war 330 00:19:23,400 --> 00:19:26,320 Speaker 14: tonight and talked to workers about the abrupt closure. 331 00:19:26,800 --> 00:19:29,040 Speaker 9: Some of the people who worked at this Foster's Freeze 332 00:19:29,080 --> 00:19:31,639 Speaker 9: thought it was an April Fool stage joke until they 333 00:19:31,640 --> 00:19:34,879 Speaker 9: saw the clothes sign for themselves and reality sunk in. 334 00:19:35,680 --> 00:19:38,800 Speaker 18: I was like okay, uh huh, April fools before all 335 00:19:38,800 --> 00:19:42,320 Speaker 18: he had with Warner, not April fools. I realized that 336 00:19:42,400 --> 00:19:45,119 Speaker 18: she was not joking. I drove straight over here and 337 00:19:46,119 --> 00:19:47,000 Speaker 18: got my last check. 338 00:19:47,240 --> 00:19:50,280 Speaker 9: Mornica Nevadro got a phone call from her general manager 339 00:19:50,359 --> 00:19:53,960 Speaker 9: informing her the location would not open for business again. 340 00:19:55,119 --> 00:19:57,320 Speaker 2: All day would be customers drove. 341 00:19:57,119 --> 00:20:00,840 Speaker 9: In and away as they learned what the employees learned 342 00:20:00,880 --> 00:20:03,080 Speaker 9: Monday morning. How does that feel to. 343 00:20:03,240 --> 00:20:05,400 Speaker 2: Show up and there has not be a job. 344 00:20:07,840 --> 00:20:08,199 Speaker 4: Jarring? 345 00:20:08,840 --> 00:20:13,880 Speaker 18: It's like, okay, you can go home, and then it's 346 00:20:13,920 --> 00:20:15,000 Speaker 18: like I thought. 347 00:20:14,880 --> 00:20:15,680 Speaker 2: I was gonna work today. 348 00:20:15,800 --> 00:20:18,080 Speaker 19: It's hard to take it when there was no notice 349 00:20:18,240 --> 00:20:18,640 Speaker 19: at all. 350 00:20:18,760 --> 00:20:21,919 Speaker 9: The closure comes the same day California's minimum wage for 351 00:20:22,040 --> 00:20:26,000 Speaker 9: fast food workers rises to twenty dollars an hour. Economic 352 00:20:26,040 --> 00:20:29,280 Speaker 9: experts have been predicting closures and layoffs in the months 353 00:20:29,359 --> 00:20:30,280 Speaker 9: leading up to the hike. 354 00:20:30,520 --> 00:20:33,919 Speaker 5: Most of the time, not all of the time, the 355 00:20:33,960 --> 00:20:38,200 Speaker 5: business owners have to pass those costs increased onto the consumer. 356 00:20:38,560 --> 00:20:41,800 Speaker 9: At this Foster's freeze, the assistant general manager tells us 357 00:20:41,960 --> 00:20:45,320 Speaker 9: that was supposed to be the plan increased prices and 358 00:20:45,359 --> 00:20:46,240 Speaker 9: shortened shifts. 359 00:20:46,480 --> 00:20:47,240 Speaker 6: He had to. 360 00:20:47,160 --> 00:20:49,200 Speaker 8: Actually talk to us like we were preparing to pay 361 00:20:49,240 --> 00:20:52,399 Speaker 8: twenty dollars an hour, like it wasn't a possibility of 362 00:20:52,480 --> 00:20:54,720 Speaker 8: us closing. He had said, like, all right, on the schedules, 363 00:20:54,920 --> 00:20:57,280 Speaker 8: we're going to run smaller crews. We're gonna do a little. 364 00:20:57,080 --> 00:20:57,760 Speaker 2: Bit shorter shifts. 365 00:20:57,760 --> 00:20:59,280 Speaker 8: People are gonna get the hours cut a little bit, 366 00:20:59,280 --> 00:21:00,920 Speaker 8: but we'll be to make it work. We're going to 367 00:21:01,000 --> 00:21:01,720 Speaker 8: raise some prices. 368 00:21:01,760 --> 00:21:02,960 Speaker 2: But like we're good. 369 00:21:03,400 --> 00:21:07,359 Speaker 9: That all changed Monday morning, Nevado says, the owner told 370 00:21:07,359 --> 00:21:10,480 Speaker 9: her he just couldn't afford to pay the new minimum wage. 371 00:21:10,720 --> 00:21:12,680 Speaker 9: We called him to ask about the closure. 372 00:21:13,240 --> 00:21:15,719 Speaker 10: Any recording. 373 00:21:18,160 --> 00:21:20,959 Speaker 9: Hi, Lauren, this is Nick Garcia calling from ABC thirty. 374 00:21:21,080 --> 00:21:23,359 Speaker 9: At the time of this broadcast, we have not heard 375 00:21:23,400 --> 00:21:24,199 Speaker 9: back from him. 376 00:21:24,320 --> 00:21:24,560 Speaker 10: Now. 377 00:21:24,600 --> 00:21:27,680 Speaker 9: His former employees are worried about finding a new job. 378 00:21:27,920 --> 00:21:28,399 Speaker 2: Look for a. 379 00:21:28,480 --> 00:21:32,600 Speaker 18: Job, because what else am I gonna do besides look 380 00:21:32,640 --> 00:21:36,280 Speaker 18: for a job because I don't have one anymore without notice, And. 381 00:21:36,240 --> 00:21:38,439 Speaker 9: The challenge of finding a new job for some of 382 00:21:38,440 --> 00:21:40,880 Speaker 9: the people here comes is they're trying to pay tuition 383 00:21:41,040 --> 00:21:44,919 Speaker 9: for college and deal with other expenses. Also challenging for 384 00:21:45,040 --> 00:21:48,840 Speaker 9: all involved, both the workers and the business owners, is inflation, 385 00:21:49,400 --> 00:21:52,760 Speaker 9: making cost cutting all the more difficult. In Lamar on 386 00:21:52,880 --> 00:21:55,320 Speaker 9: Nick Garcia, ABC thirty Action News. 387 00:21:55,840 --> 00:22:00,080 Speaker 5: Peter Thiel is the co founder of PayPal Smart guy. Oh, 388 00:22:00,080 --> 00:22:02,400 Speaker 5: we were talking about most powerful homos. He's up there, 389 00:22:02,440 --> 00:22:05,520 Speaker 5: but I think Scott Bess and Treasury secretaries is higher. 390 00:22:06,080 --> 00:22:08,920 Speaker 5: He sat down with Joe Lonsdale and they were talking 391 00:22:08,960 --> 00:22:10,960 Speaker 5: about DOGE and waste and. 392 00:22:10,880 --> 00:22:11,719 Speaker 2: Fraud and abuse. 393 00:22:11,760 --> 00:22:15,960 Speaker 5: It's been found and Peter Thiel said, virtue signaling is 394 00:22:16,000 --> 00:22:19,200 Speaker 5: a sign of doing something evil. 395 00:22:19,520 --> 00:22:21,480 Speaker 19: What do you think of doge? Speaking of efficiency gangs? 396 00:22:21,520 --> 00:22:23,679 Speaker 19: It's like, can they get half a trillion dollars with doge? 397 00:22:23,720 --> 00:22:23,800 Speaker 18: Like? 398 00:22:23,960 --> 00:22:25,440 Speaker 2: What can they do? What do you think? 399 00:22:25,840 --> 00:22:26,440 Speaker 12: Give me more? 400 00:22:26,840 --> 00:22:28,680 Speaker 1: I think there's a lot you can get. There's gonna 401 00:22:28,680 --> 00:22:31,480 Speaker 1: be a lot of resistance to getting it. You have 402 00:22:31,520 --> 00:22:35,439 Speaker 1: to you know, the the correct answer is just you 403 00:22:35,520 --> 00:22:38,280 Speaker 1: need you know it is always my correct you know 404 00:22:39,160 --> 00:22:41,320 Speaker 1: my answer on tax policy? You know what should tax 405 00:22:41,400 --> 00:22:43,879 Speaker 1: rates be? Just always a little bit lower? I'm i 406 00:22:43,920 --> 00:22:45,359 Speaker 1: gonna tell you the number. They should always be a 407 00:22:45,359 --> 00:22:48,679 Speaker 1: little bit lower. And you know how much should it 408 00:22:48,680 --> 00:22:51,040 Speaker 1: should always be? The government should be more efficient and 409 00:22:51,040 --> 00:22:52,760 Speaker 1: then once you made it more efficient, you should make 410 00:22:52,800 --> 00:22:53,520 Speaker 1: it more efficient. 411 00:22:53,920 --> 00:22:57,000 Speaker 2: And there's a lot of room for that. And there's 412 00:22:57,040 --> 00:22:58,760 Speaker 2: a lot of so there's a lot of shocking stuff. 413 00:22:58,760 --> 00:23:01,160 Speaker 2: They're Finney even I would want to limit it to half. 414 00:23:01,400 --> 00:23:03,399 Speaker 1: I don't know. It's it's a it's a four trillion 415 00:23:03,440 --> 00:23:05,400 Speaker 1: dollar and you will spend budget things. 416 00:23:05,480 --> 00:23:05,639 Speaker 10: I think. 417 00:23:05,760 --> 00:23:07,240 Speaker 2: I think it's higher now, and of course you. 418 00:23:07,280 --> 00:23:09,680 Speaker 1: Know, a lot of that's entitlements, but I think I 419 00:23:10,040 --> 00:23:10,680 Speaker 1: think at. 420 00:23:10,760 --> 00:23:11,359 Speaker 2: Six and a half now. 421 00:23:11,400 --> 00:23:13,200 Speaker 19: Actually guess I think fourths that we're taking in forwards, 422 00:23:13,200 --> 00:23:14,920 Speaker 19: somethings were taken in. We're spending six and a half 423 00:23:14,920 --> 00:23:16,760 Speaker 19: because three point eights entitlements is a lot. 424 00:23:18,000 --> 00:23:21,919 Speaker 1: And but even even the non entitlement pieces, you know, 425 00:23:22,080 --> 00:23:24,600 Speaker 1: is incredibly is incredibly off. 426 00:23:24,760 --> 00:23:27,240 Speaker 19: No, and entilement's had lots of fraud too, probably, but 427 00:23:27,320 --> 00:23:28,720 Speaker 19: I usually I've been a little bit shocked, like I 428 00:23:28,800 --> 00:23:30,520 Speaker 19: knew there was waste, but there seems like a lot 429 00:23:30,520 --> 00:23:32,800 Speaker 19: of scams they're finding. I guess, like a lot more scams, 430 00:23:32,800 --> 00:23:33,320 Speaker 19: I guess. 431 00:23:33,080 --> 00:23:34,320 Speaker 2: Than I think there's scams. 432 00:23:34,359 --> 00:23:37,080 Speaker 1: I think the nonprofit stuff is really out of control. 433 00:23:37,359 --> 00:23:38,680 Speaker 2: It's it's it's sort of like. 434 00:23:40,840 --> 00:23:44,360 Speaker 1: I don't know, it's it's it's sort of like virtue 435 00:23:44,480 --> 00:23:48,320 Speaker 1: signaling is a sign that you're doing something evil. And 436 00:23:48,320 --> 00:23:52,840 Speaker 1: and so many, so much of this uh left wing philanthropy, 437 00:23:53,280 --> 00:23:56,480 Speaker 1: nonprofit world I think was you know, it was just 438 00:23:57,040 --> 00:23:59,320 Speaker 1: a cover for you know, borderline criminalize. 439 00:23:59,320 --> 00:24:01,159 Speaker 19: It's how you shelled your soufia, put a virgie signal 440 00:24:01,200 --> 00:24:02,600 Speaker 19: players stealing money if you have everyone. 441 00:24:02,800 --> 00:24:07,480 Speaker 5: Peter Thiel said, since Trump's inauguration, he's been the most 442 00:24:07,560 --> 00:24:08,440 Speaker 5: hopeful he's. 443 00:24:08,280 --> 00:24:09,440 Speaker 2: Ever been in a long time. 444 00:24:09,520 --> 00:24:11,359 Speaker 5: And this is a guy who wants to travel to 445 00:24:11,359 --> 00:24:13,240 Speaker 5: Mars or live out in the sea, and this is 446 00:24:13,280 --> 00:24:14,800 Speaker 5: a guy who thinks on a plane that I can't 447 00:24:14,840 --> 00:24:15,520 Speaker 5: even imagine. 448 00:24:15,600 --> 00:24:18,359 Speaker 1: I'm the most hopeful I've been about things in a 449 00:24:18,480 --> 00:24:21,960 Speaker 1: in a long time. I think, uh, I think there 450 00:24:22,000 --> 00:24:25,640 Speaker 1: are some very deep problems that need to be fixed. 451 00:24:26,320 --> 00:24:31,080 Speaker 1: I think, uh, I think the opposition is completely exhausted 452 00:24:31,440 --> 00:24:36,359 Speaker 1: and out of ideas and so so it's it's it's 453 00:24:36,400 --> 00:24:40,200 Speaker 1: maybe the first time since since early Reagan that there's uh, 454 00:24:40,359 --> 00:24:44,919 Speaker 1: there's really an opportunity to to uh to change some 455 00:24:45,000 --> 00:24:47,080 Speaker 1: things in this country. And and and it's not the 456 00:24:47,119 --> 00:24:50,920 Speaker 1: sort of lame Bush Republican thing we had in the 457 00:24:51,000 --> 00:24:54,800 Speaker 1: you know, for for a long time in between. And 458 00:24:54,840 --> 00:24:58,640 Speaker 1: I don't think it's the completely sabotaged first Trump administration 459 00:24:58,680 --> 00:25:02,720 Speaker 1: where you had I don't know, it got blocked on 460 00:25:02,880 --> 00:25:06,880 Speaker 1: every level outside and inside the administration. So I think 461 00:25:07,000 --> 00:25:09,560 Speaker 1: they will get you know, it's very unusual. Normally the 462 00:25:09,560 --> 00:25:11,960 Speaker 1: second term does less than the first term. 463 00:25:12,560 --> 00:25:14,440 Speaker 2: This is going to be the I think people will 464 00:25:14,440 --> 00:25:15,080 Speaker 2: be the real first. 465 00:25:15,840 --> 00:25:18,320 Speaker 20: They are telling you what's called onesies, these little things 466 00:25:18,560 --> 00:25:19,719 Speaker 20: clothing for a baby. 467 00:25:20,000 --> 00:25:22,399 Speaker 2: I like Malca Barry Ship. 468 00:25:23,160 --> 00:25:23,919 Speaker 14: You're one of. 469 00:25:23,960 --> 00:25:25,000 Speaker 2: All these onesies. 470 00:25:26,119 --> 00:25:29,879 Speaker 5: The polling shows Democrats strange was going to have very 471 00:25:30,320 --> 00:25:35,560 Speaker 5: very low approval ratings, horrible approval ratings. So that's why 472 00:25:35,640 --> 00:25:38,680 Speaker 5: the media keeps saying Trump's bad. His numbers are forty four, 473 00:25:39,080 --> 00:25:44,200 Speaker 5: Democrats are twenty five. Put it into perspective. So Democrat 474 00:25:44,240 --> 00:25:47,720 Speaker 5: Congressman James Clapperton, the guy who brought you Joe Biden. 475 00:25:48,720 --> 00:25:51,680 Speaker 2: He was on MSNBC. And you gotta admire these people. 476 00:25:51,720 --> 00:25:54,080 Speaker 5: You know, I have buddies that are lawyers that have 477 00:25:54,119 --> 00:25:59,000 Speaker 5: to represent murderers or drug dealers or whatever else. And 478 00:25:58,560 --> 00:26:01,520 Speaker 5: and and you know the hired guns the or hired assassin. 479 00:26:01,560 --> 00:26:03,840 Speaker 2: They make jokes about it. You know, I get paid 480 00:26:03,840 --> 00:26:04,200 Speaker 2: to lie. 481 00:26:04,359 --> 00:26:07,440 Speaker 5: One of my buddies a criminal defense attorney, Dan Cogle says, 482 00:26:07,440 --> 00:26:09,200 Speaker 5: I get paid to lie. The other day I said, 483 00:26:09,200 --> 00:26:11,440 Speaker 5: you know, everybody thinks you're a liar, and he goes, 484 00:26:11,800 --> 00:26:12,560 Speaker 5: I get paid to lie. 485 00:26:12,560 --> 00:26:13,000 Speaker 2: That's what I do. 486 00:26:13,000 --> 00:26:16,080 Speaker 5: I'm an advocate, and in the purest sense, that's what 487 00:26:16,119 --> 00:26:18,200 Speaker 5: a lawyer does. He says things that he may or 488 00:26:18,240 --> 00:26:22,360 Speaker 5: may not believe because his job is to provide advocacy 489 00:26:22,600 --> 00:26:25,200 Speaker 5: or a canon, and that's for his client. That's hard 490 00:26:25,200 --> 00:26:28,160 Speaker 5: for people to understand. But at least he's honest about it, right, 491 00:26:28,840 --> 00:26:30,679 Speaker 5: and we have a lot of fun with that. But 492 00:26:31,160 --> 00:26:35,359 Speaker 5: James Clavern, he's supposed to be a trustworthy guy. He's 493 00:26:35,400 --> 00:26:37,240 Speaker 5: supposed to be somebody who's a leader, but he's not. 494 00:26:37,359 --> 00:26:38,040 Speaker 2: He's an idiot. 495 00:26:38,520 --> 00:26:41,080 Speaker 5: He said with a fate, with a straight face, that 496 00:26:41,200 --> 00:26:47,199 Speaker 5: Democrats have a great message. Their only problem is the media, 497 00:26:48,320 --> 00:26:52,119 Speaker 5: because the media is not left wing enough. So what 498 00:26:52,160 --> 00:26:55,240 Speaker 5: you have here is both sides blaming each other for 499 00:26:55,320 --> 00:26:56,560 Speaker 5: the mess they got themselves in. 500 00:26:56,800 --> 00:26:59,000 Speaker 10: Well, I'll think the message that consan do a kind 501 00:26:59,000 --> 00:26:59,439 Speaker 10: of party. 502 00:26:59,840 --> 00:27:00,719 Speaker 2: It's a good adpass. 503 00:27:00,800 --> 00:27:06,080 Speaker 10: It's the problem we've got is that we have to 504 00:27:06,119 --> 00:27:11,800 Speaker 10: depend upon the media to deliver it. If we have 505 00:27:12,040 --> 00:27:18,720 Speaker 10: the Washington Post, for instance, caving to this will be dictated. 506 00:27:19,280 --> 00:27:23,760 Speaker 10: And we've got other media entities that seem to rather 507 00:27:24,320 --> 00:27:29,240 Speaker 10: push a narrative that will bring eyes to their newspapers 508 00:27:29,320 --> 00:27:34,119 Speaker 10: or to their television sets and not really give a 509 00:27:34,320 --> 00:27:39,679 Speaker 10: fear sharing or reporting to what we're doing. And I 510 00:27:39,760 --> 00:27:43,560 Speaker 10: have to rely upon people like yourself. You do a 511 00:27:43,600 --> 00:27:44,280 Speaker 10: great job of this. 512 00:27:44,440 --> 00:27:46,040 Speaker 2: That's why I like coming on your shows on. 513 00:27:46,040 --> 00:27:51,359 Speaker 10: The weekends, because you do a real good substantive reporting 514 00:27:51,960 --> 00:27:54,600 Speaker 10: of what the issues are around us. But when you've 515 00:27:54,600 --> 00:27:58,280 Speaker 10: got people say we're not going to fact check, we're 516 00:27:58,320 --> 00:28:00,440 Speaker 10: not gonna worry about whell not you tell the two 517 00:28:01,080 --> 00:28:04,520 Speaker 10: and just let the reproachs go out there, that's what's 518 00:28:04,600 --> 00:28:06,480 Speaker 10: killing us as Democrats. 519 00:28:07,480 --> 00:28:11,600 Speaker 5: Ramon, did you watch The Office? I never watched The Office? Okay, well, 520 00:28:11,680 --> 00:28:13,280 Speaker 5: but I know who the characters are, a lot of 521 00:28:13,320 --> 00:28:16,160 Speaker 5: memes about them, and I know I was. I meant 522 00:28:16,160 --> 00:28:17,399 Speaker 5: to talk about this other that. I don't know if 523 00:28:17,400 --> 00:28:20,200 Speaker 5: I got to it. But Rain Wilson is a lefty 524 00:28:20,920 --> 00:28:24,200 Speaker 5: who was famous for playing the character of Dwight shrewt 525 00:28:24,240 --> 00:28:27,840 Speaker 5: Am I pronouncing that right on the Office. He sat down, 526 00:28:28,160 --> 00:28:31,320 Speaker 5: Oh it's been Polly a week ago now with MSNBC 527 00:28:31,480 --> 00:28:36,240 Speaker 5: Stephanie Rule, and she says that the public has a 528 00:28:36,320 --> 00:28:40,960 Speaker 5: lack of faith in the media and that that's because 529 00:28:40,960 --> 00:28:43,680 Speaker 5: of Donald Trump and Elon Musk. And he was supposed 530 00:28:43,720 --> 00:28:46,880 Speaker 5: to say that's true. Trump and Musk are bad guys, 531 00:28:47,600 --> 00:28:50,760 Speaker 5: but for some reason he didn't, which is surprising considering 532 00:28:50,840 --> 00:28:51,760 Speaker 5: what he does for a living. 533 00:28:53,120 --> 00:28:55,800 Speaker 6: Of Americans don't trust mainstream media. 534 00:28:55,920 --> 00:28:56,400 Speaker 2: Why is that? 535 00:28:56,440 --> 00:28:57,240 Speaker 7: How do we get here? 536 00:28:57,360 --> 00:29:00,320 Speaker 14: Listen, we are seeing a huge loss in trust of all. 537 00:29:00,200 --> 00:29:01,240 Speaker 2: Of our institutions. 538 00:29:01,520 --> 00:29:06,000 Speaker 14: It's the media, it's medicine, it's banking. It's a huge 539 00:29:06,040 --> 00:29:09,480 Speaker 14: problem because when you think about democracy and all of 540 00:29:09,520 --> 00:29:11,880 Speaker 14: these pillars, they need to stand tall, they need to 541 00:29:11,920 --> 00:29:16,160 Speaker 14: stand strong, and sort of losing that trust is not 542 00:29:17,040 --> 00:29:20,800 Speaker 14: by accident, it's by design. If you remember when President 543 00:29:20,840 --> 00:29:23,240 Speaker 14: Trump was running the first time, Steve Bannon once said, 544 00:29:23,280 --> 00:29:24,840 Speaker 14: the goal is to blow the whole thing up. 545 00:29:25,880 --> 00:29:27,960 Speaker 2: And so I think that you've. 546 00:29:27,720 --> 00:29:31,880 Speaker 14: Got mistakes made or things starting to slip. Well, at 547 00:29:31,880 --> 00:29:35,440 Speaker 14: the same time, there's a concerted effort to destroy the media, 548 00:29:35,560 --> 00:29:39,560 Speaker 14: because the media, that the news media is, in my opinion, 549 00:29:39,600 --> 00:29:43,600 Speaker 14: the last slide of defense of holding power accountable. 550 00:29:44,320 --> 00:29:45,120 Speaker 2: Right, And you had a. 551 00:29:45,040 --> 00:29:48,000 Speaker 14: Bit of a perfect storm, right, President Trump won and 552 00:29:48,120 --> 00:29:51,000 Speaker 14: tons of people were shocked or angry or frustrated and 553 00:29:51,040 --> 00:29:53,760 Speaker 14: they're tuning out. And at the same time you have 554 00:29:54,240 --> 00:29:57,080 Speaker 14: the Elon Musk media machine because they want you to 555 00:29:57,160 --> 00:29:59,480 Speaker 14: leave traditional media and they want you to go to 556 00:29:59,760 --> 00:30:03,280 Speaker 14: x which is a bastion of misinformation or there is 557 00:30:03,320 --> 00:30:04,160 Speaker 14: no fact checking. 558 00:30:04,360 --> 00:30:07,720 Speaker 2: So it's a perfect storm of people. 559 00:30:07,440 --> 00:30:11,120 Speaker 14: Saying, I'm angry, I'm frustrated, I'm tuning out, I'm disconnecting, 560 00:30:11,440 --> 00:30:16,360 Speaker 14: and then you have a force pushing it. But even 561 00:30:16,360 --> 00:30:19,120 Speaker 14: in the last two weeks, what we need to do 562 00:30:19,640 --> 00:30:20,440 Speaker 14: is just cover. 563 00:30:20,240 --> 00:30:21,400 Speaker 2: What's happening in America. 564 00:30:22,160 --> 00:30:22,400 Speaker 18: Right. 565 00:30:22,520 --> 00:30:24,840 Speaker 2: We have to cover Democrats. 566 00:30:24,240 --> 00:30:26,280 Speaker 14: Trying to figure out what their lane is and how 567 00:30:26,320 --> 00:30:27,920 Speaker 14: they're going to get back on their feet, and we 568 00:30:28,000 --> 00:30:30,800 Speaker 14: have to simply cover what this White House is doing. 569 00:30:31,440 --> 00:30:34,200 Speaker 14: And I think if we do that right, there's that saying, 570 00:30:34,280 --> 00:30:37,840 Speaker 14: you know, trust is gained in rain drops and it's 571 00:30:37,880 --> 00:30:41,560 Speaker 14: lost in buckets, and it's not a yes, you're not 572 00:30:41,640 --> 00:30:42,960 Speaker 14: incorrect that the media. 573 00:30:42,840 --> 00:30:43,640 Speaker 2: Has lost trust. 574 00:30:43,720 --> 00:30:46,640 Speaker 6: This is where I would push back when I see 575 00:30:46,800 --> 00:30:51,400 Speaker 6: this kind of insight and passion being directed at the 576 00:30:51,400 --> 00:30:54,479 Speaker 6: current administration and the lack of this kind of insight 577 00:30:54,520 --> 00:30:58,280 Speaker 6: and passion being directed at the previous administration, where again 578 00:30:58,400 --> 00:31:02,120 Speaker 6: I'm not talking about you, talking out left leaning news 579 00:31:02,160 --> 00:31:04,360 Speaker 6: media organizations were kind of like. 580 00:31:04,440 --> 00:31:06,960 Speaker 2: La la la, la la, everything's fine with the environments. 581 00:31:07,240 --> 00:31:08,200 Speaker 2: I mean, look, the. 582 00:31:08,320 --> 00:31:10,880 Speaker 6: Economy's great, La la la, Immigration's not that much of 583 00:31:10,920 --> 00:31:15,840 Speaker 6: a problem. And really being Cleopatra Queen of denial, thank 584 00:31:15,880 --> 00:31:16,600 Speaker 6: you boom. 585 00:31:17,640 --> 00:31:20,600 Speaker 5: I could literally do an entire show with highlights of 586 00:31:20,840 --> 00:31:28,840 Speaker 5: Scott Jennings just humiliating his colleagues at CNN, just humiliating. 587 00:31:29,200 --> 00:31:31,880 Speaker 5: He told Jeff Jarvis and Abby Phillips that the reason 588 00:31:31,880 --> 00:31:35,760 Speaker 5: the public has lost in the media has Sorry, the 589 00:31:35,840 --> 00:31:40,080 Speaker 5: reason the public has lost faith in the media should 590 00:31:40,120 --> 00:31:42,200 Speaker 5: be obvious to them, but we all know it's not. 591 00:31:43,040 --> 00:31:44,400 Speaker 2: Hello, Scott has. 592 00:31:45,760 --> 00:31:51,160 Speaker 20: Taken advantage of this situation, I think, quite cleverly, quite lively. 593 00:31:51,280 --> 00:31:54,920 Speaker 20: They've played into a weakness. What situation, the situation of 594 00:31:55,080 --> 00:31:58,320 Speaker 20: media being under attack, and so they've created the situation. 595 00:31:58,680 --> 00:31:59,920 Speaker 2: They've almost got it keep going. 596 00:32:01,080 --> 00:32:04,200 Speaker 21: What the right wing has taken advantage of is finally 597 00:32:04,280 --> 00:32:08,200 Speaker 21: the American people saying enough is enough. They're tired of 598 00:32:08,320 --> 00:32:12,960 Speaker 21: feeling like the mass media screens out one viewpoint versus 599 00:32:13,000 --> 00:32:17,120 Speaker 21: another in political coverage. They're tired of media institutions favoring 600 00:32:17,120 --> 00:32:18,240 Speaker 21: one party over another. 601 00:32:18,480 --> 00:32:19,280 Speaker 2: They're tired of. 602 00:32:19,320 --> 00:32:22,160 Speaker 21: Narratives over factual stories. If I had any advice for 603 00:32:22,200 --> 00:32:25,400 Speaker 21: sixty Minutes or anybody else, it would be just cover 604 00:32:25,480 --> 00:32:27,280 Speaker 21: the news and try to be fair about it and 605 00:32:27,320 --> 00:32:31,240 Speaker 21: stop putting your finger on the scale, especially. 606 00:32:30,880 --> 00:32:34,840 Speaker 20: If that's that you're you're you're talking about the old 607 00:32:34,920 --> 00:32:37,240 Speaker 20: mass media myth that you could have this thing that 608 00:32:37,320 --> 00:32:39,840 Speaker 20: was in the middle of the Walter Cronkite saying that's the. 609 00:32:39,760 --> 00:32:40,920 Speaker 2: Way it is when it wasn't for. 610 00:32:41,000 --> 00:32:43,000 Speaker 20: Many Americans the way it was when people were passive, 611 00:32:43,360 --> 00:32:46,240 Speaker 20: people trusted the media, didn't know. They just couldn't be 612 00:32:46,280 --> 00:32:47,960 Speaker 20: heard because there was no two ways. 613 00:32:48,000 --> 00:32:48,959 Speaker 21: Now we have the internet. 614 00:32:48,960 --> 00:32:52,120 Speaker 2: Look at that it was here and now it's here. 615 00:32:52,160 --> 00:32:53,920 Speaker 2: It's falling off of a cam. We do have. 616 00:32:54,040 --> 00:32:57,160 Speaker 7: We do have that gallop pulling it terrible in media 617 00:32:57,320 --> 00:33:00,960 Speaker 7: and now has in recent years. And let's be honest, Scott, 618 00:33:01,080 --> 00:33:03,120 Speaker 7: a lot of this is driven by the rhetoric of 619 00:33:03,200 --> 00:33:03,680 Speaker 7: the other. 620 00:33:03,560 --> 00:33:04,000 Speaker 10: Side of what. 621 00:33:05,640 --> 00:33:05,840 Speaker 18: You think. 622 00:33:05,840 --> 00:33:09,240 Speaker 2: It's driven by the rheor not to perform absolutely question. 623 00:33:09,400 --> 00:33:11,680 Speaker 21: My point is this, if your CBS or any other 624 00:33:11,720 --> 00:33:15,320 Speaker 21: news outlet, the reason that you have lost trust ought 625 00:33:15,320 --> 00:33:17,040 Speaker 21: to be obvious to you, and the way to fix 626 00:33:17,080 --> 00:33:19,120 Speaker 21: it also ought to be obvious to you. And it 627 00:33:19,120 --> 00:33:20,920 Speaker 21: has nothing to do with Donald Trump and everything to 628 00:33:20,960 --> 00:33:21,760 Speaker 21: do with the product. 629 00:33:22,400 --> 00:33:24,400 Speaker 2: Just try to make a better product that appeals to 630 00:33:24,440 --> 00:33:24,880 Speaker 2: more people. 631 00:33:24,880 --> 00:33:27,040 Speaker 21: And the way you appeal to more people is by 632 00:33:27,120 --> 00:33:29,360 Speaker 21: not crapping on half or more than half of the 633 00:33:29,400 --> 00:33:30,600 Speaker 21: country because of their values and 634 00:33:30,680 --> 00:33:34,080 Speaker 7: Political I think that is a fair just if we 635 00:33:34,080 --> 00:33:37,640 Speaker 7: were sort of on another planet, out of context,