Speaker 1: Hello, everybody, some breaking news here in Washington. It's official.
Speaker 1: The House is voted. Kevin McCarthy has been ousted as
Speaker 1: the Speaker of the House of Representatives number three in
Speaker 1: line to the Presidency. Let's take a listen to the
Speaker 1: official declaration on this vote.
Speaker 2: The Ya's are two sixteen, the nay's are two ten.
Speaker 2: The resolution is adopted without objection. The motion to reconsider
Speaker 2: is laid on the table. The office of Speaker of
Speaker 2: the House of the United States House of Representatives is
Speaker 2: hereby declared vacant.
Speaker 1: Very very high drama here in Washington. Kevin McCarthy, for
Speaker 1: those who want to know, is now the shortest lived
Speaker 1: speaker since Speaker Michael Seeker, who served previously from December
Speaker 1: eighteen seventy five to August of eighteen seventy six. He
Speaker 1: ended his speakership because he died of tuberculosis or consumption
Speaker 1: I guess as they called it at the time. So
Speaker 1: eight republics voted to oust Speaker McCarthy, which really puts
Speaker 1: us in a massive what if phase. Their names are
Speaker 1: as follows. We've got Congressman Andy Biggs, ken Buck, Tim Burchett,
Speaker 1: Eli Crane, Matt Gates, Bob Good, Nancy Mace, and Matt Rosendale.
Speaker 1: So actually all across the spectrum, seven of those is
Speaker 1: basically House Freedom freedom Caucus types. Nancy May is much
Speaker 1: more of like a centrist Tye who actually has been
Speaker 1: helped by Kevin McCarthy in the past. I'm just gonna
Speaker 1: lay out three scenarios from where we go from here,
Speaker 1: because we genuinely have no idea and the vote just happened.
Speaker 1: So McCarthy he could just grind this out for a
Speaker 1: few more votes. He could cut deals with some of
Speaker 1: the eight Republicans he voted against him if he wins
Speaker 1: back let's say three or four, depending on the attendance
Speaker 1: within the House he survives. People in DC actually have
Speaker 1: no idea right now. If he even wants to hang
Speaker 1: on after all this nonsense, he could pull a banner
Speaker 1: and just say, you know what, screw it. I would
Speaker 1: continue to be one of the weakest speakers. I don't
Speaker 1: want to deal with this every single time that I
Speaker 1: have to try and govern. Forget it. It's possible if
Speaker 1: he continues to grind it out, he might continue to
Speaker 1: make votes. We'll see which it goes. The other option is,
Speaker 1: he says screw it, I'm done. He either resigns the
Speaker 1: House or he just steps back to a normal member.
Speaker 1: Then there's a huge scramble for who the hell is
Speaker 1: in the GOP is going to replace him, who can
Speaker 1: get a majority of the votes. So the last time
Speaker 1: that the GOP actually faces there was probably John Bayner
Speaker 1: stepping down. Paul Ryan was basically drafted. He didn't want
Speaker 1: to be the speaker, but they were like, hey, Paul,
Speaker 1: you're the only one who we can all agree on.
Speaker 1: Former vice presidential person. Obviously, his speakership was basically a
Speaker 1: similar disaster, and there's a reason that they ended up
Speaker 1: leading Congress and ended up hating the job. Before that
Speaker 1: was nineteen ninety eight, Knew Ginger stepped down as a speaker.
Speaker 1: They ended up in twenty four hours. The party was
Speaker 1: able to push Dennis Hastart forward. He had the votes.
Speaker 1: Obviously didn't work out so well considering what Hastart went
Speaker 1: on to do, that's a whole other story. The current
Speaker 1: leading contenders, from those who I've spoken with in Washington,
Speaker 1: this is kind of the list. Number one is Tom Emmer.
Speaker 1: People don't know Tom Memory is the number three Republican
Speaker 1: in the House. Minnesota Republican. He's been there's this twenty fifteen.
Speaker 1: He's the whip. He previously been involved in the NRCC.
Speaker 1: He pursues some statewide office in the state of Minnesota,
Speaker 1: so you know, more of a Midwestern type Republican, pretty
Speaker 1: standard cookie cutter. He's basically the leader because number two,
Speaker 1: the Republican leader, Steve Scalise, is sadly undergoing cancer treatment
Speaker 1: after everything else he's a deal with in his life
Speaker 1: and he's very sick, so people don't expect him to
Speaker 1: even want the speakership right now. Other contenders are people
Speaker 1: like Jim Jordan. I think Jim Jordan is a very
Speaker 1: strong dark horse Canada. I said it earlier this morning
Speaker 1: on the show Freedom Caucus. Very popular, beloved by Trump,
Speaker 1: beloved by MAGA. Obviously, he's behind a lot of the
Speaker 1: Biden investigation all that stuff, but he also backed up
Speaker 1: Kevin McCarthy. I think some establishment GOP types could hold
Speaker 1: their nose and they could vote for him, another option,
Speaker 1: I actually think. And I was just speaking with someone today,
Speaker 1: Byron Donalds. So Byron obviously is a new star in
Speaker 1: the GOP. Trump loves this guy. He also led some
Speaker 1: of the initial fight against Kevin McCarthy, but then did
Speaker 1: vote for him this time around. So, you know, guy
Speaker 1: willing to play ball all that stuff. I think that
Speaker 1: would be you know, he'd have political constituency to have
Speaker 1: the ability to get it done. Another name, atleast Dephonic
Speaker 1: Elease is so ambitious. The problem that I and she
Speaker 1: also beloved by Trump. Trump even floated her as a
Speaker 1: potential vice presidential candidate. She led the charge on impeachment.
Speaker 1: She has the ability potentially to unite the caucus. The
Speaker 1: issue from what I've heard, is that at least Defonic
Speaker 1: may not have enough credibility on conservative spending issues that
Speaker 1: these other two candidates would have for the Freedom Caucus
Speaker 1: types to go with her. Another name that was floated,
Speaker 1: I actually don't know much about this person's commerce and
Speaker 1: Mike Johnson, but apparently he's not necessarily pursuing that all
Speaker 1: these are massive maybees there's no indication an of these
Speaker 1: people want the job. Whether McCarthy's gonna bean out of
Speaker 1: this job, I mean, wow, just it's it's massive, It's truly,
Speaker 1: this is stunning. Is the first time that's happened, you know,
Speaker 1: even the vote itself in over one hundred years. So
Speaker 1: the bet question, the big, big question right now, how
Speaker 1: does this get resolved? I don't know. Nobody in this
Speaker 1: town can tell you. So how is currently not allowed
Speaker 1: under their rules to do literally anything else? Accept continue
Speaker 1: voting for speaker until we get a majority vote. So
Speaker 1: it's gonna be fun. We're gonna be rolling people. We're
Speaker 1: gonna have votes and votes and votes and votes. We
Speaker 1: could be stuck here for a long time, just like
Speaker 1: we were last time around, whenever I think it took
Speaker 1: fifteen ballots from McCarthy to even get the speakership counterpoints
Speaker 1: is gonna have a great show for everybody tomorrow. Tomorrow morning,
Speaker 1: I'm certain that a ton of news gonna be breaking overnight.
Speaker 1: They'll break it down for all of you. Ryan in
Speaker 1: particular has got some great capital news sourcing and reporting.
Speaker 1: So everybody enjoyed the show, and shout out to the
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Speaker 1: will see you all on Thursday. You guys will have
Speaker 1: a great counterpoints show tomorrow.