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Speaker 1: Welcome in Tuesday edition play and Buck internal civil war

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Speaker 1: with the Democrat Party as the fear of the rise

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Speaker 1: of socialists and communists inside of the left grows and

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Speaker 1: begins to spread to saner members of that party. We

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Speaker 1: will address and discuss Secretary of Treasury alshow known as

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Speaker 1: the Treasury Secretary. Scott Bessant going to be on with

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Speaker 1: us at two point thirty Eastern in the third hour

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Speaker 1: of the program. We are often running on YouTube as

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Speaker 1: well as nearly six hundred am FM affiliates across the

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Speaker 1: country and Serious XM. We appreciate all of you hanging

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Speaker 1: out with us and Buck, you and I. And by

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Speaker 1: the way, it's primary day in Arizona. Arizona, of course,

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Speaker 1: one of the great battlegrounds out there, a nominee going

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Speaker 1: to be picked to run against Katie Hobbs, who is

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Speaker 1: one of the most vulnerable incumbent governors anywhere in the country,

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Speaker 1: Democrat or Republican. So we will follow that and certainly

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Speaker 1: be talking about it tomorrow. But we begin with I

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Speaker 1: think it's fair to say Buck, you may know him personally,

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Speaker 1: I do not. I think it is fair to say

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Speaker 1: that Van Jones is one of the most intellectually consistent

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Speaker 1: to the extent it exists and or rational of the

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Speaker 1: Democrat prognosticators on television on a regular basis is that

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Speaker 1: damning someone with faint praise or having worked at CNN,

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Speaker 1: would that, in your mind be an accurate way to

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Speaker 1: describe him, considering the larger cohort of colleagues that he

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Speaker 1: is competing with. I mean, if we were looking at

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Speaker 1: the depth chart of the other team, so to speak,

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Speaker 1: Van Jones is one of the more capable, and I

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Speaker 1: would I would tell you, and you can get mad

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Speaker 1: at me, but it's all true, one of the more

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Speaker 1: charming when he wants to be people on the Democrat side,

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Speaker 1: and has been moderating over there in recent years relative

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Speaker 1: to the field. Okay, so I just want everyone understood.

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Speaker 1: Relative to other Democrat commentators, he has become more establishment,

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Speaker 1: I think as he has gotten older and a lot

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Speaker 1: of you if you spend five minutes talking to him,

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Speaker 1: as I have several times in the past, you would

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Speaker 1: you would find him actually quite affable, which I cannot

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Speaker 1: say for a lot of people on the left in

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Speaker 1: the commentary business. But then actually is a good, good

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Speaker 1: guy to hang out with in the Green Room. So okay,

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Speaker 1: yes to that question, because because he was fired from

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Speaker 1: the Obama administration, and this goes back you know, his

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Speaker 1: sort of radical Green Party or you know, he said

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Speaker 1: some pretty radical stuff way back in the day.

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Speaker 2: He is less radical.

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Speaker 1: He's kind of on the AOC trajectory, built the brand

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Speaker 1: as a radical and now moving more mainstream, which is

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Speaker 1: something we will return to here as a theme on

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Speaker 1: the show. So here he is on CNN saying these

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Speaker 1: are not progressives, these are regressives, going after the left

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Speaker 1: wing in his party again CNN Van Jones, Cut thirty two.

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Speaker 3: I am tired, tired, tired of a set of people

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Speaker 3: on the very far left in the Democratic Party. Ideas

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Speaker 3: that are literally insane, nutty, more ronning, dangerous, bigoted, are

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Speaker 3: not progressive, They're reagressive, and they should not be in

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Speaker 3: our party.

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Speaker 1: Okay, So that is one part of this. I believe

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Speaker 1: we have another cut where he's saying, my phone is

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Speaker 1: blowing up with people after he called out the far

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Speaker 1: left on his party, Cut eleven.

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Speaker 3: This phone has been blowing up all day. Governors from

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Speaker 3: both parties, centators from both parties, Democrats, and the House

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Speaker 3: calling thanking me for saying what everybody's been saying behind

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Speaker 3: the scenes, which is that this stuff is going too far.

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Speaker 3: I am a progressive Democrat. You want to talk about

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Speaker 3: prisoner reform, I've done prison reform. I never said have

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Speaker 3: no prisons where you're gonna put the Klan. I've done

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Speaker 3: police reform. I never said no police where you're you

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Speaker 3: gonna put the pedophiles. It's gone grab a pedophile. This

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Speaker 3: stuff is going too far. And part of the thing

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Speaker 3: that has to happen is we saw what happened in

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Speaker 3: the Republican Party when things started going in a nutty

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Speaker 3: direction and nobody stood up. I am happy that the

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Speaker 3: young people are fighting for affordability, medicare.

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Speaker 2: For all all the good things.

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Speaker 3: I've been waiting my whole life to see a youth

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Speaker 3: movement do what it's doing. But it's being hijacked by

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Speaker 3: people who are putting in nutty ideas.

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Speaker 2: Okay, so bock here.

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Speaker 1: I think Van Jones why he is an interesting voice

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Speaker 1: for this is the far left of the Democrat Party.

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Speaker 1: The New York Times has a story about that this morning.

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Speaker 1: I believe eighty five percent of the so called Democrats

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Speaker 1: socialists are white. So the Democrat Party, which claims that

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Speaker 1: it is this great rainbow coalition of people of a

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Speaker 1: variety of different backgrounds. The far left of the Democrat

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Speaker 1: Party is overwhelmingly relatively rich, college educated white kids who

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Speaker 1: don't have a lot in common with very many black

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Speaker 1: and brown voters. And I think it's interesting that Van

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Speaker 1: Jones and the black guy is calling them out.

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Speaker 2: A couple of things here.

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Speaker 1: One is, yes, the far left eyelogues of the Democrat

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Speaker 1: Party are overwhelmingly white. I would disagree with Van Jones

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Speaker 1: in this notion of it's being hijacked, this is now

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Speaker 1: party mainstream actually that they're just saying out loud what

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Speaker 1: a lot of the Democrats really do believe. Whether it's

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Speaker 1: about Israel, or it's about the trans stuff, or it's

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Speaker 1: about the open borders. Who has what prominent Democrat has

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Speaker 1: fully repudiated Biden's open borders policy, meaning saying that this

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Speaker 1: was terrible, Our party betrayed the American people. We let

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Speaker 1: in ten million illegals plus ten million plus whatever the

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Speaker 1: number is, on purpose play not a single one, and

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Speaker 1: they won't because that's actually what the Democrat Party really is.

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Speaker 1: The problem isn't that the left is hijacking the party.

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Speaker 1: It's that they're being a little too loud going into

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Speaker 1: the midterm election and a little too honest about what

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Speaker 1: they really believe.

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Speaker 2: Now.

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Speaker 1: The other thing that I think is interesting, and this

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Speaker 1: also goes to your point about the Democrats Socialists of America,

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Speaker 1: that the minority, the primary minority voting blocks of the

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Speaker 1: Democrats are you know, black voters and Hispanic voters. And

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Speaker 1: I think that a lot of Democrat black and Hispanic

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Speaker 1: voters do view the politics of their party as a

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Speaker 1: much more transactional thing.

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Speaker 2: Right. It's I want, you know, I.

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Speaker 1: Want medicare for all, or I want you know, more benefits,

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Speaker 1: I want more state assistants, I want more state whatever

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Speaker 1: it may be. It's the white you know, master's degree

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Speaker 1: in whatever, you know, zooal studies, gender studies from Portland

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Speaker 1: that are saying that, you know, we should have full

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Speaker 1: blown communist policy, meaning the takeover of.

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Speaker 2: Industry by the state and all that sort of stuff.

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Speaker 1: Right, So, there is this divide, but I will tell

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Speaker 1: everybody they will come together and they will share power.

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Speaker 1: This is it's not really a devi it's a divide

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Speaker 1: where they're squabbling within the families. So to speak, but

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Speaker 1: there's not really a major separation here because ultimately they're

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Speaker 1: willing to do whatever it takes to be in power

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Speaker 1: because they want a massively powerful state. This is where

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Speaker 1: I do think there should be more attention paid to it.

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Speaker 1: Mam Donnie won largely being elected as his base on

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Speaker 1: people in their twenties and thirties whose mom and dad

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Speaker 1: helped pay their who help pay their rent in New

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Speaker 1: York City, that have decided they don't like capitalism anymore.

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Speaker 1: So this tension is very real, and I think, what

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Speaker 1: do you talk about class versus wealth?

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Speaker 2: What's the phrase use class vers No, it's it's wealth

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Speaker 2: versus status. Is the status? Okay?

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Speaker 1: So I think one of the foremost drivers of the

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Speaker 1: far left right now is people who are high status

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Speaker 1: from an education perspective. Yes, but they are not able

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Speaker 1: to have the societal success that they believe they should

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Speaker 1: be entitled to based on their degree pedigree. Uh, And

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Speaker 1: so they resent what they see in the larger world

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Speaker 1: and they have to figure out a reason why they

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Speaker 1: are not having the success that they should be having.

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Speaker 1: I feel like you saw what I saw probably on

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Speaker 1: X which was the Nate Silver Chris Hayes from MS

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Speaker 1: now back and forth on this this well, this is

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Speaker 1: because this is really right now on social media because

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Speaker 1: Nate Silver called out what he says is the base

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Speaker 1: of the left, which is overly educating young people. And

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Speaker 1: I do think when you spend three hundred thousand dollars

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Speaker 1: on a degree and you come out and you make

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Speaker 1: sixty thousand dollars a year, there's a lot of people

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Speaker 1: who feel like the system is broken because they did

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Speaker 1: everything that they think should be rewarded and they aren't.

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Speaker 1: That is true, and the next step in this and

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Speaker 1: a lot of our people right now with us are

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Speaker 1: going to be nodding their heads. There is so much

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Speaker 1: seething resentment from upper middle class primarily whites, not entirely,

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Speaker 1: but upper middle class whites in liberal enclaves either a

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Speaker 1: city or a very blue suburb, who go to doesn't

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Speaker 1: even have to be an elite school, but some kind

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Speaker 1: of a name brand school, a brand a college that

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Speaker 1: people know of, or they get a degree that's supposed

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Speaker 1: to sound fancy and they're now thirty thirty five, maybe forty,

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Speaker 1: and the guy who started a plumbing company, yeah, or

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Speaker 1: the guy who has been selling RVs or the guy

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Speaker 1: who's a really skilled electrician is making money hand over

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Speaker 1: fist buying a boat and a jet ski for the weekend,

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Speaker 1: and the gender studies major is furious about this. That

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Speaker 1: is a very real blue, red, left right dynamic right

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Speaker 1: now in America. White collar jobs are getting replaced, and

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Speaker 1: blue collar jobs, many of them, are becoming more valuable.

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Speaker 1: And the asset, the skill that you actually have. The

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Speaker 1: other thing I would add into this buck is they

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Speaker 1: may well know people who happen to jump on the

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Speaker 1: right company train and go work in some AI business.

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Speaker 1: So it's not only that they feel like they're being

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Speaker 1: squeezed and left behind by the plumber or the electrician

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Speaker 1: out there who's having more financial success than they are.

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Speaker 1: And they're looking around and saying, but he didn't do

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Speaker 1: as well on the SAT as I did, but he

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Speaker 1: didn't get as many different AP credits as I did.

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Speaker 1: Why is he doing better? And then the guy who

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Speaker 1: is their contemporary, who may have gone to their school,

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Speaker 1: is suddenly worth millions of dollars because he went to

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Speaker 1: go work for Open Ai or XAI or whatever it is.

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Speaker 1: And that divide like you're in that middle part and

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Speaker 1: you feel like you're getting left behind. And the only

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Speaker 1: way to explain it is capitalism is broken, and so

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Speaker 1: I need to be a socialist. Now this is a

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Speaker 1: critical that this is the whole, this is behind the

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Speaker 1: whole DSA ethos right now and why all these people

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Speaker 1: are Clay and I love bringing the data to this conversation,

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Speaker 1: which Nate Silver sort of spurred this by what we

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Speaker 1: talked about, and we should pull some of that. We

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Speaker 1: can just read through for everybody some of that online exchange.

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Speaker 1: By the way, Chris Hayes is an outlier in that

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Speaker 1: he went to Brown University, the most intellectually unseerious of

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Speaker 1: the IVY League.

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Speaker 2: Just a fact.

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Speaker 1: You Brown graduates can get mad at me, It's true.

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Speaker 1: In the most intellectually unserious of the IVY League and

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Speaker 1: the most liberal as well, by the way, not a surprise.

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Speaker 2: Uh.

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Speaker 1: And he is a millionaire many times over by doing

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Speaker 1: what we do commentary. But he's speaking for the class

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Speaker 1: of white Brooklyn iite.

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Speaker 2: I went to Brandice, I went to.

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Speaker 1: Colgate, you know whatever, GW no offense, Clay, I went

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Speaker 1: to one of these schools that's super expensive Amherst, and

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Speaker 1: I don't now have some fancy job that's paying me

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Speaker 1: what I think I'm worth. To my point that I

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Speaker 1: just made, because I think a lot of people might

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Speaker 1: even sneer, they go, oh yeah, sure, buck. The plumbers

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Speaker 1: are making more than guys with master's degrees. If you

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Speaker 1: own your plumbing business, you are if you've got four

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Speaker 1: or five employees. Eighty percent, I'm sorry, twenty percent of

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Speaker 1: millionaires now are headed by retirees. Of the remaining eighty

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Speaker 1: percent of people with a million dollars or more net worth, okay,

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Speaker 1: over two thirds are self employed small business owners.

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Speaker 2: Yeah, guys, I mean this is the facts. Are the facts.

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Speaker 1: Look, the best way to make money in America is

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Speaker 1: to own a business. That's just the reality. Now, are

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Speaker 1: there other ways that you can go through the elite

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Speaker 1: educational cadre and end up wealthy.

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Speaker 2: Yes.

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Speaker 1: Are there some incredibly highly paid warriors who are making

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Speaker 1: millions of dollars a year, Yes, highly paid doctors and whatnot.

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Speaker 1: But the best way to make money is to own

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Speaker 1: a small business that might not even be a very

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Speaker 1: sexy business.

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Speaker 2: True. I mean, I don't think we've ever talked of

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Speaker 2: this before.

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Speaker 1: You, I think, are an outlier in this way in

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Speaker 1: that you were willing to do. You had a law degree,

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Speaker 1: but we're willing to do the media thing with a

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Speaker 1: wife and kid or kids in the kids, Yeah, two kids.

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Speaker 1: There's no way I would have started this career if

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Speaker 1: I was married, your kids, It's no way because I

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Speaker 1: thought the failure I knew the failure rate was super

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Speaker 1: super failure rate that you could stay in this business

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Speaker 1: and make a living over the long term. A lot

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Speaker 1: of people drop out, go do something, and by the way,

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Speaker 1: a lot of them are very happy and they have

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Speaker 1: great lives, and you know they had fun doing media

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Speaker 1: for five or ten years. You are the rare bird

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Speaker 1: and that you must have looked at lar been like, yeah,

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Speaker 1: I'm gonna write stuff online and make money doing it.

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Speaker 1: Like that's I did the same thing, but I was

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Speaker 1: a single guy, no kids, no debt, no nothing, and

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Speaker 1: so I could live very, very cheaply. I'm just saying,

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Speaker 1: if it wasn't for that Clay, I would have gone

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Speaker 1: to a business and probably tried to start a business

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Speaker 1: like a normal business in America. I have a great wife,

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Speaker 1: and I also have very high risk tolerance, and one

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Speaker 1: might say a lot of self confidence that may or

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Speaker 1: may not be justified.

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Speaker 2: But so far has served me well.

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Speaker 1: And part of that is I was just talking about

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Speaker 1: people who make millions of dollars. You know, law partners

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Speaker 1: at big time law firms, they make ten fifteen, Some

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Speaker 1: of them now are making twenty million dollars a year.

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Speaker 1: That's the kind of larwyors that big insurance companies, that

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Speaker 1: big business. Those are the guys and gals that they

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Speaker 1: are high. Do you have those kind of resources, No,

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Speaker 1: you do not, But guess what, you may be fighting

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Speaker 1: against them, and that's why you need the best legal

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Speaker 1: representation you can find. And that's what we're doing at

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Speaker 1: claytravislaw dot com. Nationwide. We have the ability to represent

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Speaker 1: you and go toe to toe with the big attorneys

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Speaker 1: at the big insurance companies, at the big law firms

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Speaker 1: that are fighting against your interest. This is for the

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Speaker 1: little guy. This is to be able to find the

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Speaker 1: right representation nationwide. We can look over your case, doesn't

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Speaker 1: cost you anything at all. You can go check it out.

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Speaker 1: There's a phone number there if you want to call

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Speaker 1: it as well. Claytravislaw dot com. I've been a lawyer

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Speaker 1: for over twenty years now. Claytravislaw dot com get the

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Speaker 1: kind of lawyer you need to fight back against the

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Speaker 1: big business lawyers out there charging one thousand dollars an

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Speaker 1: hour making millions of dollars a year. Claytravislaw dot com

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Speaker 1: will get lawyers who can fight for you nationwide. Claytravislaw

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Speaker 1: dot com looking for normal in a world of crazy.

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Speaker 1: Clay and Buck have your back. Second Hour Clay and

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Speaker 1: Buck kicks off right now, everybody, thanks for being here

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Speaker 1: with us. As always interesting to see the handwringing from

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Speaker 1: within the Democrat establishment over the rise of the far left.

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Speaker 1: From within the Democrat ranks, they Clay, I think that

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Speaker 1: there's something going on here. They want to harness this

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Speaker 1: rabid enthusiasm.

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Speaker 2: But they also don't want it to get there to

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Speaker 2: be in charge.

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Speaker 3: Right.

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Speaker 2: It's like they want to have a pit bull to.

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Speaker 1: Roam the junkyard to keep people away, but they want

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Speaker 1: to be able to put on a leash when they

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Speaker 1: want to as well. They don't want this left wing

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Speaker 1: stuff to get to Sorry now I'm not I don't

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Speaker 1: even mean now the pit bol owners are going to

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Speaker 1: come after to Let me tell you something, if you

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Speaker 1: want to waste your whole day responding, to emails say

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Speaker 1: anything about pit bulls being ferocious, anything at all. I

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Speaker 1: know you're not really a big dog guy. I'm a

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Speaker 1: huge dog guy. Pit bull owners, guys, I'm just mentioned this.

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Speaker 1: We get this is one where I don't have a

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Speaker 1: crazy strong take on it, and so everybody just gets

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Speaker 1: mad at you for your super strong pit I just

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Speaker 1: I'm not doing it today. Okay, pit bull owners, We're

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Speaker 1: not doing this today. I know your pit bull is

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Speaker 1: as sweet as a little baby piglet, and you know,

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Speaker 1: blah blah blah, I'm not doing it today. Okay, I

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Speaker 1: just want to put that aside. You know, one day

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Speaker 1: you'll know that I'm right, but put that aside. So

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Speaker 1: they want to be able to control this left wing

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Speaker 1: enthusiasm and and so they want to give voice to

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Speaker 1: it while not seeding too much of the of the

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Speaker 1: power and the party going into this midterm election.

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Speaker 2: So that's why you have For example.

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Speaker 1: Isn't Mark Warner isn't he worth like hundreds of millions

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Speaker 1: of dollars?

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Speaker 2: Am I right about this? Right? Isn't he wanted money?

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Speaker 2: Super wealthy?

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Speaker 1: I don't know how wealthy he is, but I think

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Speaker 1: one hundred million plus would be a good A good guess.

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Speaker 2: Crazy rich crazy rich.

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Speaker 1: Okay, So this guy's got a lot of cash, and

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Speaker 1: here he is talking about this cut thirteen talking about

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Speaker 1: So this is the Senator from Virginia saying, why are

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Speaker 1: DSAY Democrats Socialists of America Democratic Socialists of America? Why

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Speaker 1: are they having a moment right now? Listen to this

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Speaker 1: play thirteen.

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Speaker 4: I very much disagree with some of the DSA positions,

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Speaker 4: but there is a level of wealth inequality in this

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Speaker 4: country that we got to address. It's one of the

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Speaker 4: reasons why on the AI issues, we need a revenue

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Speaker 4: stream that the tech community pays into to help on

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Speaker 4: this worker transformation. One of the things that I get

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Speaker 4: upset with on the Democratic side, and I think we're

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Speaker 4: starting to change this and recognize this. We talk a

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Speaker 4: good game sometimes but actually delivering all. A huge frustration

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Speaker 4: for me was when we put all the money sixty

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Speaker 4: two billion dollars into broadband, but under President Biden, we

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Speaker 4: didn't put a mile of fiber in the ground because

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Speaker 4: partially the law set up, but we had way too

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Speaker 4: much bureaucracy. I think the Democratic Party directionally is right.

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Speaker 4: I think we ought to talk less and deliver more,

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Speaker 4: and that frustration if we don't deliver more comes out

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Speaker 4: with some of these folks on the extreme, Clay.

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Speaker 1: They are good at promising stuff and appealing to people's emotions,

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Speaker 1: but they are bad at actually governing. They can't get

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Speaker 1: anything done. I think one of the best examples of

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Speaker 1: this they still talk about healthcare. Think about how one

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Speaker 1: of my great frustrations and I'm gonna hand it to

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Speaker 1: you with this, but one of my great frustrations is

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Speaker 1: with people who don't take accountability and don't learn from mistakes.

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Speaker 1: We all make mistakes. We all make errors. Everything you know, Clay,

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Speaker 1: even you are wrong. Sometimes we all make mistakes. Okay,

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Speaker 1: this can happen, and he play's like, I mean really though,

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Speaker 1: am I really like? But yes, we all make errors.

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Speaker 1: But do you learn from them or not?

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Speaker 2: Do you get better? Do you get smarter? Do you

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Speaker 2: get stronger? Do you get faster?

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Speaker 1: Those are the things that you should be thinking about

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Speaker 1: as you do this. Democrats are talking about medicare for

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Speaker 1: all now, as if this is some brilliant new idea

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Speaker 1: people like me were telling them in twenty ten, fifteen

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Speaker 1: years sixteen years ago. Depending you're going to ruin healthcare

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Speaker 1: with your Obamacare nonsense, and you're eventually just going to

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Speaker 1: be crying about how we need a single payer system,

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Speaker 1: Medicare for all, YadA, YadA, YadA. And yet instead of saying, wow,

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Speaker 1: you guys are right, Obamacare is a travesty. It did

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Speaker 1: triple everybody's premium costs. It didn't make anything better. And

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Speaker 1: you saw us a mile away with this Medicare for all.

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Speaker 1: What do they do exactly what they said they would do,

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Speaker 1: or we said they would do so a bunch of things. One,

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Speaker 1: I think we were talking about the rise of democrats socialism,

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Speaker 1: which is just a pathway to communism. I do think

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Speaker 1: many young people have the historical knowledge of a goldfish.

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Speaker 1: And if you and I, even though you like to

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Speaker 1: make fun of how much older I am, you were

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Speaker 1: able to grow up in an era when you were

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Speaker 1: cognizant of communism and the battle of the Cold War

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Speaker 1: going on. And if you grew up in the nineteen

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Speaker 1: eighties or the nineties, certainly if you grew up in

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Speaker 1: the forties to fifties, sixties, seventies, you experienced that. So

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Speaker 1: you have seen the evil that communism can bring to bear.

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Speaker 1: Many of the people listening to US right now. We

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Speaker 1: could open up phone lines and we would just say, hey,

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Speaker 1: did you grow up during a communist era before you

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Speaker 1: were fortunate enough to become a United States citizen?

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Speaker 2: What did you see?

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Speaker 5: There?

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Speaker 1: Many people right now living in Cuba. A lot of

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Speaker 1: reports came out about the failures of Cuba. Actually seeing

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Speaker 1: what happens when far left wing policies are put in place.

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Speaker 1: Used to be something that Americans had experienced. Now there

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Speaker 1: is none of that. And so these kids, young people

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Speaker 1: who frankly are idealistic, often morons. They don't know any better.

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Speaker 1: And then you've got glib and very talented social media

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Speaker 1: stars like Mom Donnie, like AOC, like even Bernie Sanders,

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Speaker 1: who can sell this to a new generation that doesn't

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Speaker 1: have the skills to realize they're being sold a bill

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Speaker 1: of goods.

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Speaker 2: We played that cut.

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Speaker 1: Up center Mark Warnerbuck he used to represent an element

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Speaker 1: of the Democrat Party. You referenced his wealth. I think

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Speaker 1: he is a self made wealthy person through business. There

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Speaker 1: used to be Democrat politicians who made money and then

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Speaker 1: went into politics. He's maybe the last one who understands

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Speaker 1: how to make a profit and how to pay employees.

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Speaker 2: Well.

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Speaker 1: I hate this though, by the way, he's worth two

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Speaker 1: hundred million dollars. That's because there are disclosures about this.

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Speaker 1: I mean the Senate just he's worth over two hundred

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Speaker 1: million dollars. So he's he his kids, his kids, kids kids,

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Speaker 1: unless they get really crazy with their money, they're they're

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Speaker 1: never gonna have to really work or worry about money.

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Speaker 1: What I think is interesting, though, is instead of seeing

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Speaker 1: the pathway that he had, understanding that America makes that possible,

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Speaker 1: and wanting more of that, by the way, not just

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Speaker 1: the opportunity for people, but also the wealth generation effect

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Speaker 1: of what he's been able to do, Meaning there's a

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Speaker 1: lot of people along the way that he's paying, that

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Speaker 1: he's giving money to, that he's employing, that he's doing.

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Speaker 1: He's going to play this game of yeah, I'm going

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Speaker 1: to pretend like I feel sorry for what I made

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Speaker 1: as well, and I want to play foot seat with

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Speaker 1: these imbeciles who think that if we have clowns dressing

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Speaker 1: up literally dressing up as Mao as that Hassan piker

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Speaker 1: guy did recently, he's wearing like a mau suit in

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Speaker 1: public good way to get attention that this always work, sorry,

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00:23:43,760 --> 00:23:47,639
Speaker 1: always fails. It never works, and it always leads to

438
00:23:47,800 --> 00:23:52,399
Speaker 1: disaster and more suffering. Here is Andrew Cuomo, another establishment,

439
00:23:52,720 --> 00:23:57,280
Speaker 1: old guard Democrat, who has this to say, play twelfth.

440
00:23:57,080 --> 00:23:59,600
Speaker 6: The Democratic Party is in the middle of a civil

441
00:23:59,680 --> 00:24:04,160
Speaker 6: war right, and you have moderate mainstream Democrats such as myself,

442
00:24:04,440 --> 00:24:10,280
Speaker 6: which have been challenged by the far left extremists. Socialism

443
00:24:10,320 --> 00:24:14,840
Speaker 6: has not worked anywhere on the globe. Promises of free lunch,

444
00:24:14,920 --> 00:24:17,240
Speaker 6: free buses, free rent, free everything.

445
00:24:17,400 --> 00:24:19,040
Speaker 2: There's no such thing as free.

446
00:24:19,200 --> 00:24:24,560
Speaker 6: Someone always pays. This is a dream, this is nirvana,

447
00:24:24,720 --> 00:24:28,600
Speaker 6: this is utopia. Yeah, and this selling to young people

448
00:24:28,680 --> 00:24:29,640
Speaker 6: who are buying it.

449
00:24:29,680 --> 00:24:31,040
Speaker 2: But it's not going to work.

450
00:24:31,240 --> 00:24:34,560
Speaker 6: And this socialist movement is the best thing the Republicans

451
00:24:34,640 --> 00:24:35,760
Speaker 6: have going for them.

452
00:24:37,720 --> 00:24:42,040
Speaker 1: He's correct until the end, right, meaning he doesn't understand

453
00:24:42,040 --> 00:24:44,120
Speaker 1: that his team is actually a socialist team.

454
00:24:44,119 --> 00:24:45,480
Speaker 2: They just call themselves democrats.

455
00:24:46,320 --> 00:24:51,000
Speaker 1: This also, I think is symptomatic of a refusal to

456
00:24:51,160 --> 00:24:53,720
Speaker 1: look in the mirror. And let me explain what I

457
00:24:53,760 --> 00:24:56,439
Speaker 1: mean by this. We talked about the wake of the

458
00:24:56,480 --> 00:24:59,960
Speaker 1: twenty twenty four election. We're Democrats going to look at

459
00:25:00,040 --> 00:25:04,320
Speaker 1: in the mirror and say, hey, the reason we lost

460
00:25:04,680 --> 00:25:10,040
Speaker 1: wasn't because people heard our message and rejected it. It

461
00:25:10,160 --> 00:25:15,199
Speaker 1: was because we didn't tell our story good enough. The

462
00:25:15,320 --> 00:25:19,399
Speaker 1: messenger was wrong. It should have been somebody other than Kamala.

463
00:25:19,560 --> 00:25:21,720
Speaker 1: Here is what I think Democrats are missing, and I

464
00:25:21,760 --> 00:25:24,120
Speaker 1: would put myself in this camp. And I think there

465
00:25:24,160 --> 00:25:26,640
Speaker 1: are many people out there listening to us right now

466
00:25:26,840 --> 00:25:30,800
Speaker 1: who are similar to me. The Democrat Party that you

467
00:25:30,920 --> 00:25:36,040
Speaker 1: grew up with does not exist anymore. You go back

468
00:25:36,080 --> 00:25:38,880
Speaker 1: and look at things that Barack Obama said in two

469
00:25:38,920 --> 00:25:41,159
Speaker 1: thousand and eight. Certainly you go back and look at

470
00:25:41,160 --> 00:25:43,560
Speaker 1: things that Bill Clinton said in nineteen ninety two, in

471
00:25:43,680 --> 00:25:47,320
Speaker 1: nineteen ninety six, heck that Al Gore said, leaving aside

472
00:25:47,320 --> 00:25:51,399
Speaker 1: the crazy climate change stuff in two thousand, that party

473
00:25:51,480 --> 00:25:55,240
Speaker 1: does not exist, and Buck, why does that matter? If

474
00:25:55,280 --> 00:25:58,960
Speaker 1: they were intelligent? Bill Clinton managed to get elected in

475
00:25:59,040 --> 00:26:02,040
Speaker 1: nineteen ninety two. Yes, partly because Ross Perrot was in

476
00:26:02,080 --> 00:26:06,040
Speaker 1: the race, and partly because George Bush Senior did not

477
00:26:06,200 --> 00:26:09,879
Speaker 1: run a very good campaign in ninety two, but also

478
00:26:10,000 --> 00:26:14,400
Speaker 1: because he went back to the drawing board after beat

479
00:26:14,480 --> 00:26:18,200
Speaker 1: downs in nineteen eighty, nineteen eighty four, nineteen eighty eight

480
00:26:18,640 --> 00:26:20,840
Speaker 1: and said, we have to come up with a new

481
00:26:20,880 --> 00:26:25,240
Speaker 1: message because we're just wrong, and the Democrat Party right

482
00:26:25,280 --> 00:26:29,680
Speaker 1: now is just anti Trump, no matter what Trump says.

483
00:26:29,960 --> 00:26:32,000
Speaker 1: By the way, even if Trump says some things that

484
00:26:32,080 --> 00:26:35,040
Speaker 1: Democrats advocated for as recently as a few years ago,

485
00:26:35,320 --> 00:26:38,359
Speaker 1: can we get the audio did you see this circulating

486
00:26:38,400 --> 00:26:41,840
Speaker 1: on social media book of Kamala Harris saying we need

487
00:26:41,840 --> 00:26:44,960
Speaker 1: way more paper ballots to make sure that our elections

488
00:26:45,000 --> 00:26:50,439
Speaker 1: are secure in twenty nineteen. I mean, if sometimes you

489
00:26:50,520 --> 00:26:53,040
Speaker 1: sit around out there and you think to yourself, boy,

490
00:26:53,119 --> 00:26:56,280
Speaker 1: this doesn't like the opinion that I have. Now you're

491
00:26:56,320 --> 00:26:59,119
Speaker 1: telling me as a far right wing opinion, it doesn't.

492
00:26:59,200 --> 00:27:01,720
Speaker 1: It seems like a very very moderate opinion. From two

493
00:27:01,720 --> 00:27:05,200
Speaker 1: thousand and eight, twenty twelve, twenty sixteen, even twenty nineteen,

494
00:27:05,680 --> 00:27:10,879
Speaker 1: they have gone so insanely radical, and they haven't recognized

495
00:27:11,200 --> 00:27:15,199
Speaker 1: that the reason people are rejecting them is because of

496
00:27:15,240 --> 00:27:19,520
Speaker 1: their message, not because their message isn't being communicated well enough.

497
00:27:19,840 --> 00:27:22,760
Speaker 1: So anyway, I just think this is super important because

498
00:27:23,160 --> 00:27:26,879
Speaker 1: the failure to acknowledge why you lost is a huge

499
00:27:26,920 --> 00:27:28,560
Speaker 1: part of why I believe.

500
00:27:28,280 --> 00:27:29,680
Speaker 2: They will continue to lose.

501
00:27:30,480 --> 00:27:33,280
Speaker 1: Now, maybe they can scrape somebody, drag somebody over the

502
00:27:33,280 --> 00:27:36,000
Speaker 1: line like they did Biden in twenty twenty by just

503
00:27:36,200 --> 00:27:40,919
Speaker 1: lying about what he actually believes. But the reality is

504
00:27:41,440 --> 00:27:44,719
Speaker 1: they're wrong on all the issues that matter, and voters

505
00:27:44,760 --> 00:27:47,399
Speaker 1: who are paying attention, even voters like me who voted

506
00:27:47,440 --> 00:27:50,600
Speaker 1: Democrat when we were younger, have left them. I bet

507
00:27:50,680 --> 00:27:53,560
Speaker 1: there are a million people listening to us today, Buck,

508
00:27:54,160 --> 00:27:57,840
Speaker 1: I mean this seriously, that at some point in time

509
00:27:57,920 --> 00:28:01,400
Speaker 1: have voted for Democrats and are here because they actually

510
00:28:01,400 --> 00:28:03,960
Speaker 1: do pay attention to what the arguments are and they

511
00:28:04,000 --> 00:28:09,520
Speaker 1: recognize that Democrats are just wrong on all of these issues. Yeah,

512
00:28:09,920 --> 00:28:15,080
Speaker 1: I think you but and and again that what they

513
00:28:15,080 --> 00:28:17,800
Speaker 1: may do is fined. I think it's gonna be Comma

514
00:28:18,000 --> 00:28:20,560
Speaker 1: because I think identity politics has so overtaken the party.

515
00:28:20,640 --> 00:28:22,800
Speaker 1: As I've said, I think she's going to be the nominee.

516
00:28:22,920 --> 00:28:24,959
Speaker 1: Maybe AOC is going to be able to be a

517
00:28:24,960 --> 00:28:28,840
Speaker 1: more moderate version of Kamala Harrison, appeal to the same

518
00:28:28,920 --> 00:28:32,240
Speaker 1: minority female voters, and be able to, you know, kind

519
00:28:32,240 --> 00:28:35,080
Speaker 1: of clip away some of those some of those supporters.

520
00:28:35,160 --> 00:28:35,760
Speaker 2: I don't know.

521
00:28:36,240 --> 00:28:38,920
Speaker 1: The other option is they just go find the blandest

522
00:28:38,960 --> 00:28:43,360
Speaker 1: white guy possible, Andy Basheer, and try to drag him

523
00:28:43,400 --> 00:28:47,040
Speaker 1: across the finish line and argue he's a red Steak governor.

524
00:28:47,080 --> 00:28:49,640
Speaker 2: He's like Bill Clinton, ali against the Biden move.

525
00:28:49,720 --> 00:28:54,160
Speaker 1: Basically, yeah, that basically that seems like well because he

526
00:28:54,200 --> 00:28:57,800
Speaker 1: doesn't really stand for very much. He's moderate, which is

527
00:28:57,840 --> 00:29:01,240
Speaker 1: not actually true, but nonetheless, yeah, I know that that

528
00:29:01,360 --> 00:29:04,440
Speaker 1: is always a possible and we very look. Hey, just

529
00:29:04,480 --> 00:29:09,520
Speaker 1: from the pure entertainment and information perspective, watching the Democrat

530
00:29:09,760 --> 00:29:13,800
Speaker 1: Democrats fight this out over the next eighteen months or

531
00:29:13,880 --> 00:29:16,520
Speaker 1: so is going to be fascinating. It will be really

532
00:29:16,520 --> 00:29:19,280
Speaker 1: interesting to see how this goes because I don't think

533
00:29:19,320 --> 00:29:21,560
Speaker 1: there is a This is a rare moment where there

534
00:29:21,680 --> 00:29:25,560
Speaker 1: is no conventional wisdom at all about who the party

535
00:29:25,640 --> 00:29:30,200
Speaker 1: leader is or will be. It's totally an up for

536
00:29:30,240 --> 00:29:32,600
Speaker 1: grab situation. It's like Day one of the World Cup.

537
00:29:33,320 --> 00:29:35,800
Speaker 1: Some of us pick England and then get very sad,

538
00:29:35,920 --> 00:29:38,040
Speaker 1: but it could be anybody. As the point, there's a

539
00:29:38,080 --> 00:29:43,120
Speaker 1: whole bunch of different options in here. Legacy Box is incredible.

540
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541
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542
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543
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544
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545
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547
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549
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550
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551
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555
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560
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562
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Speaker 7: Your pals clean buck on the iHeart app.

563
00:30:48,440 --> 00:30:50,200
Speaker 1: You know what, let's hop into this. Welcome back to

564
00:30:50,280 --> 00:30:58,720
Speaker 1: Clayan fuck. Uh So, my friend John Lefev who's on

565
00:30:58,960 --> 00:31:02,600
Speaker 1: Who's on? He's pretty active on X. He was some

566
00:31:02,640 --> 00:31:05,240
Speaker 1: of you may recall if you're an og Twitter user,

567
00:31:05,320 --> 00:31:07,880
Speaker 1: he was the Goldman Sachs elevator account.

568
00:31:07,880 --> 00:31:08,680
Speaker 2: Do you remember that claim?

569
00:31:08,800 --> 00:31:12,480
Speaker 1: Oh yeah, that was John, Yeah, yeah, yeah, so and

570
00:31:12,680 --> 00:31:14,160
Speaker 1: he wrote a book about it. I've had him on

571
00:31:14,200 --> 00:31:18,720
Speaker 1: podcasts before. He shared this, and I think it's really

572
00:31:18,760 --> 00:31:22,000
Speaker 1: interesting and we're it's it's a talker, as they say,

573
00:31:22,080 --> 00:31:24,080
Speaker 1: So let's let's talk about this little bit. He wrote this.

574
00:31:24,480 --> 00:31:27,680
Speaker 1: If you have kids under thirteen, I do. Again, this

575
00:31:27,760 --> 00:31:31,640
Speaker 1: is John writing, They'll never drive a car except occasionally

576
00:31:31,680 --> 00:31:35,280
Speaker 1: for fun. The first car at sixteen right of passage

577
00:31:35,320 --> 00:31:38,960
Speaker 1: is dead. They'll just get a self driving Tesla. You

578
00:31:39,040 --> 00:31:42,240
Speaker 1: set the speed limit, cap the acceleration lock, the safety

579
00:31:42,240 --> 00:31:45,600
Speaker 1: features in force curfew, and get paying the second they

580
00:31:45,600 --> 00:31:48,800
Speaker 1: break the rules. Safest car on the road and one

581
00:31:48,840 --> 00:31:52,640
Speaker 1: of the most affordable. And since most cars spend ninety

582
00:31:52,680 --> 00:31:55,800
Speaker 1: percent of their life park this one will make money

583
00:31:55,840 --> 00:31:59,080
Speaker 1: pay for itself as a robotaxi when not being used.

584
00:31:59,360 --> 00:32:03,920
Speaker 1: It's also an entrepreneurial financial literacy tool. Every kid will

585
00:32:03,920 --> 00:32:05,520
Speaker 1: become a small business owner.

586
00:32:05,720 --> 00:32:06,080
Speaker 2: Also.

587
00:32:07,480 --> 00:32:09,440
Speaker 1: That's point one, which we'll talk about. This is a

588
00:32:09,440 --> 00:32:11,800
Speaker 1: separate point, but I'll just put this out there. Where

589
00:32:12,040 --> 00:32:17,360
Speaker 1: or if they go to college won't matter either. Our

590
00:32:17,520 --> 00:32:22,920
Speaker 1: job as parents now is to instill intellectual curiosity, happiness,

591
00:32:23,320 --> 00:32:27,920
Speaker 1: and give them foundational support via hard assets and diversified

592
00:32:28,000 --> 00:32:32,240
Speaker 1: cash flow. The future is going to be wild unknown

593
00:32:32,840 --> 00:32:38,080
Speaker 1: unknowns Clay, I we should talk about it. I co

594
00:32:38,240 --> 00:32:45,040
Speaker 1: sign both of those fully, what Saint one. I told

595
00:32:45,080 --> 00:32:48,440
Speaker 1: my eleven year old recently as I was writing along

596
00:32:48,680 --> 00:32:51,480
Speaker 1: in the Tesla which we bought, and some people out

597
00:32:51,480 --> 00:32:56,400
Speaker 1: there say Tesla is super is fifty thousand dollars, which

598
00:32:56,680 --> 00:33:00,760
Speaker 1: for cars these days, brand new car that we have

599
00:33:01,640 --> 00:33:05,320
Speaker 1: was fifty thousand dollars And Tesla gives you one percent

600
00:33:05,520 --> 00:33:10,880
Speaker 1: interest for the next seven years. I believe so one

601
00:33:10,960 --> 00:33:14,480
Speaker 1: percent interest of inflation rate is roughly three percent, right,

602
00:33:14,560 --> 00:33:15,120
Speaker 1: two point eight?

603
00:33:15,200 --> 00:33:15,680
Speaker 2: Whatever the heck?

604
00:33:15,720 --> 00:33:18,880
Speaker 1: It is so less than inflation and you have seven

605
00:33:18,960 --> 00:33:20,280
Speaker 1: years to pay it off, all right.

606
00:33:20,360 --> 00:33:21,480
Speaker 2: So this is not.

607
00:33:21,560 --> 00:33:25,400
Speaker 1: Me sitting around saying everybody should go buy a I

608
00:33:25,440 --> 00:33:30,160
Speaker 1: don't know, like a Bmwsuv or I think BMW has

609
00:33:30,280 --> 00:33:32,720
Speaker 1: SuDS or a Ranger Rover or something like that that

610
00:33:32,760 --> 00:33:35,680
Speaker 1: everybody knows is super expensive. This is a very affordable

611
00:33:35,720 --> 00:33:39,600
Speaker 1: car for the masses that I bought for my teenage son,

612
00:33:39,760 --> 00:33:43,200
Speaker 1: because teenage boys are morons and they often take way

613
00:33:43,240 --> 00:33:45,600
Speaker 1: too many risks when they're driving. And I think self

614
00:33:45,680 --> 00:33:50,080
Speaker 1: driving cars are safer for teenage boys in general than

615
00:33:50,360 --> 00:33:52,840
Speaker 1: been driving themselves. So I didn't I didn't have this

616
00:33:53,480 --> 00:33:55,360
Speaker 1: in my life because I grew up in New York

617
00:33:55,360 --> 00:33:59,160
Speaker 1: City where kids were just taking the subway or taxis

618
00:33:59,200 --> 00:34:01,440
Speaker 1: if it was you know, at or whatever to get around.

619
00:34:01,600 --> 00:34:05,640
Speaker 1: Were walking obviously, but people didn't have car. A lot

620
00:34:05,680 --> 00:34:07,880
Speaker 1: of my friends didn't get driver's licenses until they were

621
00:34:07,920 --> 00:34:10,920
Speaker 1: basically in college. Yeah, I got one at sixteen, but

622
00:34:10,920 --> 00:34:12,439
Speaker 1: a lot of people waited till they were a little

623
00:34:12,440 --> 00:34:14,920
Speaker 1: bit older. But I when I went to college, I

624
00:34:14,960 --> 00:34:16,600
Speaker 1: had a lot of friends from all over the country,

625
00:34:16,600 --> 00:34:20,160
Speaker 1: and they all would tell me that there was a

626
00:34:20,280 --> 00:34:24,160
Speaker 1: very common thing of the high school tragedy of one

627
00:34:24,320 --> 00:34:26,800
Speaker 1: kid in their high school class. It was a pretty

628
00:34:26,800 --> 00:34:29,959
Speaker 1: big school, you know, usually in the suburb somewhere died

629
00:34:30,000 --> 00:34:32,160
Speaker 1: in a car accident. Yeah, that was a common thing

630
00:34:32,200 --> 00:34:34,399
Speaker 1: that I heard from a lot of my friends, which

631
00:34:34,440 --> 00:34:36,200
Speaker 1: I mean, you're talking about like a sixteen year old

632
00:34:36,320 --> 00:34:37,600
Speaker 1: kid maybe had a friend or.

633
00:34:37,560 --> 00:34:38,160
Speaker 2: Two in the car.

634
00:34:38,400 --> 00:34:41,239
Speaker 1: I went to the funeral actually of a sixteen year

635
00:34:41,280 --> 00:34:43,839
Speaker 1: old who I knew, who wasn't living in New York

636
00:34:43,880 --> 00:34:47,080
Speaker 1: at the time, but died. You know, her boyfriend ran

637
00:34:47,120 --> 00:34:49,680
Speaker 1: a stop signed they you know, they got t boned by.

638
00:34:50,080 --> 00:34:51,759
Speaker 2: So that was a horrible thing.

639
00:34:52,160 --> 00:34:55,839
Speaker 1: I think that is effectively going to be gone here,

640
00:34:56,040 --> 00:34:58,359
Speaker 1: along with a lot of other changes. But I think

641
00:34:58,360 --> 00:35:01,640
Speaker 1: that people haven't really like this is This isn't one

642
00:35:01,640 --> 00:35:04,480
Speaker 1: of these Oh they're going to be like robotaxis everywhere

643
00:35:04,480 --> 00:35:07,000
Speaker 1: in the sky thing. That's a little more further off

644
00:35:07,040 --> 00:35:08,680
Speaker 1: for a bunch of reasons. Because the sky is already

645
00:35:08,719 --> 00:35:11,200
Speaker 1: very crowded by the way. It's a big problem. Clay,

646
00:35:11,200 --> 00:35:14,960
Speaker 1: this is here, Yeah, this is here now. I think

647
00:35:14,960 --> 00:35:16,680
Speaker 1: it is a ken to. And I don't know what

648
00:35:16,800 --> 00:35:21,840
Speaker 1: the exact year would have been, but in nineteen twenty six,

649
00:35:22,680 --> 00:35:26,440
Speaker 1: let's say, there would have been somebody out there. I

650
00:35:26,440 --> 00:35:28,600
Speaker 1: don't know when the radio officially took off, but there

651
00:35:28,680 --> 00:35:30,320
Speaker 1: might have been a guy on the radio one hundred

652
00:35:30,400 --> 00:35:34,319
Speaker 1: years ago telling you, Hey, everybody out there who's spent

653
00:35:34,360 --> 00:35:37,440
Speaker 1: their whole lives riding horses, this car is going to

654
00:35:37,480 --> 00:35:38,160
Speaker 1: be a big deal.

655
00:35:38,800 --> 00:35:41,040
Speaker 2: And all of the knowledge that you have.

656
00:35:41,040 --> 00:35:45,160
Speaker 1: About horses, it's basically going to be worthless in a

657
00:35:45,200 --> 00:35:47,920
Speaker 1: few years. I am here to tell you, and think

658
00:35:47,920 --> 00:35:53,080
Speaker 1: about that, in nineteen ten, almost everyone in the country,

659
00:35:53,400 --> 00:35:56,160
Speaker 1: in the entire United States, would have known how to

660
00:35:56,200 --> 00:35:58,960
Speaker 1: take care of a horse. Immense amount of knowledge. How

661
00:35:58,960 --> 00:36:00,959
Speaker 1: do you feed a horse, you put down a horse,

662
00:36:01,000 --> 00:36:03,560
Speaker 1: how do you make sure the horses a feed are okay?

663
00:36:04,080 --> 00:36:05,280
Speaker 2: Like? All of this.

664
00:36:05,120 --> 00:36:08,160
Speaker 1: Would have been very standard. I'm going to teach every

665
00:36:08,960 --> 00:36:12,560
Speaker 1: young person. Everybody who's thirty forty years old, everybody who's

666
00:36:12,560 --> 00:36:15,400
Speaker 1: certainly older than that. Everybody would have had immense knowledge

667
00:36:15,440 --> 00:36:19,200
Speaker 1: about horses. Now most of you, unless you are tended

668
00:36:19,239 --> 00:36:23,040
Speaker 1: to be extremely wealthy or a cowboy, you're not on

669
00:36:23,120 --> 00:36:24,000
Speaker 1: horses very much.

670
00:36:24,280 --> 00:36:24,480
Speaker 2: Right.

671
00:36:24,960 --> 00:36:28,359
Speaker 1: I'm telling you that that point about driving cars buck

672
00:36:28,520 --> 00:36:32,520
Speaker 1: Forty thousand people a year die in car accidents, forty

673
00:36:33,160 --> 00:36:38,120
Speaker 1: thousand to your point, sixteen year olds, really young people.

674
00:36:38,200 --> 00:36:41,560
Speaker 1: Everybody listening to us right now, almost I bet can

675
00:36:41,640 --> 00:36:44,640
Speaker 1: tell you a story, awful one about a teenage boy

676
00:36:44,719 --> 00:36:48,120
Speaker 1: or girl they know who died early on driving. And

677
00:36:48,160 --> 00:36:50,640
Speaker 1: by the way, people have lost moms, dads, you know,

678
00:36:50,719 --> 00:36:54,280
Speaker 1: going to the grocery store. This will become a story

679
00:36:54,640 --> 00:36:57,520
Speaker 1: that your grandkids will look around and say it's crazy.

680
00:36:57,560 --> 00:36:59,560
Speaker 1: I'm telling you, the tech is there, it's going to

681
00:36:59,640 --> 00:37:02,320
Speaker 1: change overwhelmingly, and it's going to happen fast.

682
00:37:02,719 --> 00:37:03,799
Speaker 2: It's absolutely the case.

683
00:37:03,840 --> 00:37:06,440
Speaker 1: By the way, I where I live, I am friends

684
00:37:06,440 --> 00:37:11,080
Speaker 1: with a few neighbors in neighbor families who have kids

685
00:37:11,120 --> 00:37:13,520
Speaker 1: who are your kid's age, Clay, you know, sixteen year old,

686
00:37:13,560 --> 00:37:17,680
Speaker 1: seventeen year old. Around there, they're all getting Tesla's. Yes,

687
00:37:17,760 --> 00:37:19,560
Speaker 1: the parents are getting them. And people say, oh, but

688
00:37:19,719 --> 00:37:22,480
Speaker 1: it's so no actually for new car prices, and especially

689
00:37:22,520 --> 00:37:25,399
Speaker 1: I'm saying with fifty one percent interest, we're not paid

690
00:37:25,440 --> 00:37:27,600
Speaker 1: by Tesla. We probably should be. They should be a

691
00:37:27,600 --> 00:37:29,960
Speaker 1: presenting sponsor. But I'm telling you, I just bought a

692
00:37:30,000 --> 00:37:34,040
Speaker 1: brand new Tesla this spring. It was fifty thousand dollars

693
00:37:34,080 --> 00:37:38,120
Speaker 1: all in and uh and they have one percent interest.

694
00:37:38,239 --> 00:37:41,680
Speaker 1: So this is not some super rich person. Oh my goodness.

695
00:37:41,680 --> 00:37:43,920
Speaker 1: When you look at what new cars cost and you've

696
00:37:43,960 --> 00:37:46,720
Speaker 1: got one that was probably pretty souped up with some extras,

697
00:37:46,719 --> 00:37:47,520
Speaker 1: I mean you can get an.

698
00:37:47,800 --> 00:37:48,880
Speaker 2: Yeah it was, I mean it was.

699
00:37:49,000 --> 00:37:51,279
Speaker 1: They have like one hundred thousand dollars version. I didn't

700
00:37:51,280 --> 00:37:53,319
Speaker 1: get that for my kids, but for fifty thousand. By

701
00:37:53,360 --> 00:37:55,960
Speaker 1: the way, you can also buy them used for twenty

702
00:37:56,000 --> 00:37:59,120
Speaker 1: five thirty K like they hold their value, I think decently.

703
00:37:59,280 --> 00:38:01,320
Speaker 1: You can get a stand Model three now. Really, so

704
00:38:01,640 --> 00:38:04,359
Speaker 1: you're doing a free Tesla commercially here did usually get

705
00:38:04,320 --> 00:38:06,520
Speaker 1: your Tesla drive? By the way, weren't you supposed to

706
00:38:06,560 --> 00:38:08,799
Speaker 1: get to do a test drive. I'm a little upset

707
00:38:08,840 --> 00:38:10,960
Speaker 1: about they kept canceling on me because I was being

708
00:38:11,000 --> 00:38:13,040
Speaker 1: lazy and having them. They were supposed to come to me.

709
00:38:13,200 --> 00:38:17,840
Speaker 1: But that's a whole other conversation. The Model three standard

710
00:38:17,880 --> 00:38:20,279
Speaker 1: starts at thirty six grand right now, which I got

711
00:38:20,280 --> 00:38:24,799
Speaker 1: a model car in Whistles that is not expensive. That's

712
00:38:24,840 --> 00:38:27,800
Speaker 1: not an expensive new car. I know that sounds crazy

713
00:38:27,920 --> 00:38:29,279
Speaker 1: because you used to be able to get like a

714
00:38:29,320 --> 00:38:32,680
Speaker 1: brand spanking new BMW, you know, for thirty six grand,

715
00:38:32,760 --> 00:38:35,080
Speaker 1: you know, fifteen years ago. But yeah, that's a for

716
00:38:35,160 --> 00:38:37,560
Speaker 1: new car prices, not that expensive. Here's the thing though,

717
00:38:37,560 --> 00:38:40,040
Speaker 1: that does concern me. We haven't gotten the college conversation yet,

718
00:38:40,040 --> 00:38:42,439
Speaker 1: which is also something from John's tweet that I thought

719
00:38:42,480 --> 00:38:45,920
Speaker 1: was really interesting. But I did have this experience of

720
00:38:45,960 --> 00:38:49,879
Speaker 1: getting into the autonomous driving uh what do you call them?

721
00:38:49,880 --> 00:38:53,480
Speaker 2: You know, the the Google cars, the you know waymos.

722
00:38:53,520 --> 00:38:53,880
Speaker 2: Thank you.

723
00:38:54,200 --> 00:38:56,360
Speaker 1: I got into the Weaymo. I love the Weaymo. I

724
00:38:56,440 --> 00:38:58,680
Speaker 1: love It's not like Trump. I love the waymos. Some

725
00:38:58,680 --> 00:39:02,400
Speaker 1: people are saying it's beautiful, very nice in the Weimo. Uh,

726
00:39:02,440 --> 00:39:06,600
Speaker 1: it's fent, it's it's it's terrific the Weimo. But I

727
00:39:06,640 --> 00:39:11,000
Speaker 1: got into a Waimo and I I don't I when

728
00:39:11,040 --> 00:39:13,600
Speaker 1: I'm driving around Miami Beach proper. If I'm not getting

729
00:39:13,640 --> 00:39:16,160
Speaker 1: on a highway, no one goes more. You can't go

730
00:39:16,200 --> 00:39:18,200
Speaker 1: more than twenty because it's traffic and stuff. So I'm

731
00:39:18,239 --> 00:39:21,400
Speaker 1: going twenty miles an hour. I didn't put my seatbelt on.

732
00:39:22,320 --> 00:39:25,319
Speaker 1: I got a I got a naughty, a naughty boy

733
00:39:25,480 --> 00:39:29,759
Speaker 1: email from Waimo Google being like, if we see you

734
00:39:29,800 --> 00:39:31,520
Speaker 1: not using your seatbelt the game, we're gonna ban you.

735
00:39:32,560 --> 00:39:36,120
Speaker 2: Now. This reminds me of when Uber did the whole

736
00:39:36,200 --> 00:39:37,439
Speaker 2: mask thing and.

737
00:39:37,400 --> 00:39:40,840
Speaker 1: I got threatened with being banned from Uber during a

738
00:39:40,920 --> 00:39:43,920
Speaker 1: pandemic because I kept taking my mask off in the

739
00:39:44,000 --> 00:39:47,520
Speaker 1: Uber car and and they were like, you know, if

740
00:39:47,520 --> 00:39:48,919
Speaker 1: you do this again, we're gonna be And of course

741
00:39:48,960 --> 00:39:50,680
Speaker 1: that was by the way, Uber, you were wrong. That

742
00:39:50,760 --> 00:39:53,320
Speaker 1: was completely pointless and stupid, and Uber should be ashamed

743
00:39:53,320 --> 00:39:55,600
Speaker 1: of themselves. They're not, but they should be ashamed Uber

744
00:39:55,640 --> 00:40:01,319
Speaker 1: Corporate for that decision because it was preposterous. But the

745
00:40:01,360 --> 00:40:05,799
Speaker 1: future of cars that have software and pro this, there

746
00:40:05,920 --> 00:40:07,839
Speaker 1: is a there is a.

747
00:40:07,760 --> 00:40:11,760
Speaker 2: Freedom issue that I can see here to discuss.

748
00:40:12,400 --> 00:40:14,160
Speaker 1: This is gonna be you know, by the way, they're

749
00:40:14,239 --> 00:40:16,960
Speaker 1: gonna be able to the same way they can pull

750
00:40:17,000 --> 00:40:19,920
Speaker 1: your cell phone data right now, which they can law

751
00:40:19,960 --> 00:40:22,520
Speaker 1: enforcement can easily do that know everywhere you've been. They

752
00:40:22,560 --> 00:40:25,080
Speaker 1: do this now for Florida New York tax stuff. They

753
00:40:25,080 --> 00:40:26,759
Speaker 1: think you're in New York too much, they'll pull your

754
00:40:26,920 --> 00:40:29,600
Speaker 1: cell phone data, easy for them to do, and they'll

755
00:40:29,600 --> 00:40:33,120
Speaker 1: know exactly where you are. They'll be able to do

756
00:40:33,120 --> 00:40:36,160
Speaker 1: this with cars, they'll know. Now I think that's also

757
00:40:36,200 --> 00:40:38,120
Speaker 1: true if some cars that have a GPS in them,

758
00:40:38,280 --> 00:40:41,000
Speaker 1: but they're gonna play, They're gonna know how fast you went,

759
00:40:41,360 --> 00:40:42,879
Speaker 1: They're gonna know if you went through any red lights.

760
00:40:42,880 --> 00:40:46,040
Speaker 1: They're they're gonna know everything. And now are insurance companies

761
00:40:46,400 --> 00:40:48,279
Speaker 1: going to just say, you know what, you know how

762
00:40:48,280 --> 00:40:50,520
Speaker 1: we're gonna gauge your insurance costs. We're gonna just pull

763
00:40:50,600 --> 00:40:53,440
Speaker 1: all the data from your car and we're gonna So

764
00:40:54,080 --> 00:40:55,640
Speaker 1: this is there's a little part of this that is,

765
00:40:55,920 --> 00:40:57,840
Speaker 1: by the way, can you go over the speed limit anymore?

766
00:40:57,880 --> 00:40:58,040
Speaker 2: Now?

767
00:40:58,440 --> 00:41:00,200
Speaker 1: Are they gonna start saying, you know what, we're going

768
00:41:00,239 --> 00:41:01,880
Speaker 1: to pass a law that they have to set that

769
00:41:01,960 --> 00:41:04,320
Speaker 1: you never go over the speed limit with your autonomous driving.

770
00:41:04,640 --> 00:41:06,319
Speaker 1: So everyone's going to be going thirty five when they

771
00:41:06,320 --> 00:41:09,400
Speaker 1: should be going fifty. Yeah, it's going to be fascinating.

772
00:41:09,440 --> 00:41:11,560
Speaker 1: There's gonna be a lot of question to ask. One

773
00:41:11,600 --> 00:41:14,680
Speaker 1: of my favorite economic lessons that I got back in school,

774
00:41:14,719 --> 00:41:16,439
Speaker 1: and I don't know how many of you have heard

775
00:41:16,440 --> 00:41:20,480
Speaker 1: this example, but everything in life is about analyzing risk,

776
00:41:20,560 --> 00:41:22,840
Speaker 1: and obviously this was a huge part of the discussion

777
00:41:22,880 --> 00:41:27,600
Speaker 1: surrounding COVID. If we made the speed limits fifteen or

778
00:41:27,640 --> 00:41:31,560
Speaker 1: twenty miles an hour in this country, no one basically

779
00:41:31,640 --> 00:41:34,719
Speaker 1: would die in cars ever, right, I guess you could

780
00:41:34,719 --> 00:41:37,160
Speaker 1: still drive off the side of a mountain. You could

781
00:41:37,160 --> 00:41:42,840
Speaker 1: still drive into water really slowly and find yourself dying

782
00:41:43,120 --> 00:41:44,600
Speaker 1: in that method.

783
00:41:44,960 --> 00:41:46,040
Speaker 2: But basically we have.

784
00:41:46,040 --> 00:41:48,560
Speaker 1: Said, hey, we think it's important to be able to

785
00:41:48,640 --> 00:41:51,960
Speaker 1: drive seventy miles an hour, and as a result, we're

786
00:41:52,000 --> 00:41:56,000
Speaker 1: willing to accept forty thousand deaths a year. I do

787
00:41:56,120 --> 00:41:59,640
Speaker 1: think the economic analysis of how we set speed limits

788
00:41:59,680 --> 00:42:03,040
Speaker 1: in every thing else. Self driving cars buck should be

789
00:42:03,120 --> 00:42:07,160
Speaker 1: so much better at handling traffic and so much better

790
00:42:07,280 --> 00:42:11,800
Speaker 1: at keeping us safe that what I hope doesn't happen

791
00:42:12,440 --> 00:42:15,680
Speaker 1: is what I'm already seeing happen, which is, if a

792
00:42:15,719 --> 00:42:19,200
Speaker 1: self driving vehicle is involved in an accident, it's front

793
00:42:19,200 --> 00:42:19,920
Speaker 1: page news.

794
00:42:20,040 --> 00:42:20,960
Speaker 2: Oh my goodness.

795
00:42:21,360 --> 00:42:25,680
Speaker 1: But if twenty people die in my home state of

796
00:42:25,719 --> 00:42:28,680
Speaker 1: Tennessee every day, which may or may not be roughly

797
00:42:28,719 --> 00:42:31,600
Speaker 1: the math of how many people die every day, most

798
00:42:31,600 --> 00:42:32,640
Speaker 1: of them never make the news.

799
00:42:33,400 --> 00:42:35,279
Speaker 2: Self driving cars are going to have to have a

800
00:42:35,360 --> 00:42:35,959
Speaker 2: proven record.

801
00:42:36,000 --> 00:42:40,200
Speaker 1: That starts to be like the airlines, where now if

802
00:42:40,239 --> 00:42:45,920
Speaker 1: a plane crashes, it is incredibly rare for an American

803
00:42:46,160 --> 00:42:48,759
Speaker 1: You know, I'm not trying to jinx anything here, but

804
00:42:48,760 --> 00:42:50,920
Speaker 1: it's incredibly rare for an American carrier to have a

805
00:42:50,960 --> 00:42:55,440
Speaker 1: fatal crash. These days, we go years, years without an

806
00:42:55,440 --> 00:42:58,200
Speaker 1: airline fatality. I think that they're going to be able

807
00:42:58,280 --> 00:43:02,920
Speaker 1: to get to the place where autonomous driving caused fatal

808
00:43:03,040 --> 00:43:05,319
Speaker 1: Now that's a different thing, because some people are going

809
00:43:05,360 --> 00:43:08,040
Speaker 1: to keybone an autonomous car because their maniacts and they're

810
00:43:08,080 --> 00:43:12,520
Speaker 1: driving improperly or something right. But the software causing the

811
00:43:12,560 --> 00:43:16,280
Speaker 1: fatality I think is going to be at such a

812
00:43:16,440 --> 00:43:18,319
Speaker 1: it's going to be so much safer than what human

813
00:43:18,360 --> 00:43:21,879
Speaker 1: beings are capable of by the numbers, that it will

814
00:43:21,880 --> 00:43:26,400
Speaker 1: start to be seen as clearly unsafe to drive versus autonomous.

815
00:43:26,400 --> 00:43:29,080
Speaker 1: We're I mean, the number is already already indicate that,

816
00:43:29,120 --> 00:43:32,000
Speaker 1: but perception is going to show that, I think very soon. Yeah,

817
00:43:32,000 --> 00:43:35,839
Speaker 1: And look, here's where things can change rapidly. Imagine what

818
00:43:35,880 --> 00:43:40,120
Speaker 1: your car insurance bill would be if suddenly traffic accidents

819
00:43:40,200 --> 00:43:45,239
Speaker 1: dropped by half. Imagine what your health insurance would be

820
00:43:45,760 --> 00:43:48,880
Speaker 1: if suddenly the number of people being severely injured in

821
00:43:48,920 --> 00:43:51,280
Speaker 1: automobile accidents collapsed as well.

822
00:43:52,120 --> 00:43:53,960
Speaker 2: The benefits of this.

823
00:43:54,000 --> 00:43:58,440
Speaker 1: Being able to be done safely really start to scale

824
00:43:58,640 --> 00:44:01,040
Speaker 1: on a way that I don't Here's another one, buck,

825
00:44:01,719 --> 00:44:04,440
Speaker 1: Think about how much fewer because these vehicles are going

826
00:44:04,520 --> 00:44:08,000
Speaker 1: to be able to constantly circle circle, they'll drop you off,

827
00:44:08,440 --> 00:44:10,120
Speaker 1: and then they'll be able to go back to a house,

828
00:44:10,200 --> 00:44:12,840
Speaker 1: or they'll be able to go to a holding pin somewhere.

829
00:44:13,360 --> 00:44:16,960
Speaker 1: Think about the amount of space that we waste on

830
00:44:17,120 --> 00:44:21,279
Speaker 1: parking lots. Probably the most inefficient thing in America is

831
00:44:21,320 --> 00:44:23,640
Speaker 1: the amount of parking lots space that we have to have.

832
00:44:23,800 --> 00:44:27,920
Speaker 1: Think about the way more housing that we could build,

833
00:44:28,120 --> 00:44:32,600
Speaker 1: way more affordably in really desirable areas, if you didn't

834
00:44:32,680 --> 00:44:36,120
Speaker 1: need four hundred yards of parking for all of the

835
00:44:36,120 --> 00:44:39,880
Speaker 1: places we go, the grocery stores, the malls, the shopping areas.

836
00:44:40,200 --> 00:44:42,680
Speaker 1: It's transformative on a level that I don't think a

837
00:44:42,680 --> 00:44:44,880
Speaker 1: lot of people have really thought through yet. And just

838
00:44:44,880 --> 00:44:47,560
Speaker 1: to be clear, this is in progress what we're talking about.

839
00:44:47,840 --> 00:44:50,520
Speaker 1: This is not pie in the sky or one day.

840
00:44:50,840 --> 00:44:52,920
Speaker 1: Some people are far more aware of it in their

841
00:44:52,960 --> 00:44:54,640
Speaker 1: day to day lives than other. Like I have Waymos

842
00:44:54,719 --> 00:44:56,480
Speaker 1: driving outside my house all the time now, I mean,

843
00:44:56,480 --> 00:44:58,360
Speaker 1: this is just this is going on, and I've gotten

844
00:44:58,360 --> 00:45:01,680
Speaker 1: in them, but with Tesla's. Now my garage is full

845
00:45:01,680 --> 00:45:04,040
Speaker 1: of Tesla's, with Tesla chargers in them, the garage where

846
00:45:04,080 --> 00:45:04,399
Speaker 1: I live.

847
00:45:04,719 --> 00:45:05,799
Speaker 2: You're you where you live.

848
00:45:06,200 --> 00:45:09,359
Speaker 1: I plug in a buck I plug my car in

849
00:45:09,640 --> 00:45:12,920
Speaker 1: like it's my cell phone. It's just a wall charger,

850
00:45:13,120 --> 00:45:15,239
Speaker 1: like I just play. I mean, any moron, I am

851
00:45:15,239 --> 00:45:18,560
Speaker 1: a moron on tech. I can easily plug it in

852
00:45:19,239 --> 00:45:21,319
Speaker 1: and you can charge it anywhere. And by the way,

853
00:45:21,360 --> 00:45:23,560
Speaker 1: we should also the future should be nuclear so you

854
00:45:23,600 --> 00:45:26,719
Speaker 1: don't have to rely on fossil fuels, not because I'm

855
00:45:26,760 --> 00:45:29,440
Speaker 1: worned about climate change, but just because it's far more efficient.

856
00:45:29,680 --> 00:45:32,359
Speaker 1: You can have way better nuclear power plants, which means

857
00:45:32,520 --> 00:45:33,160
Speaker 1: is more electric.

858
00:45:33,200 --> 00:45:33,719
Speaker 2: You go at.

859
00:45:33,640 --> 00:45:37,520
Speaker 1: All, we're gonna be living in the Jetsons here pretty soon.

860
00:45:38,000 --> 00:45:40,560
Speaker 1: Maybe not quite with the air taxi stuff, but there's

861
00:45:40,560 --> 00:45:42,600
Speaker 1: gonna be some pretty the robot. Are you gonna do

862
00:45:42,600 --> 00:45:44,840
Speaker 1: the robot order for the fall? You know, there's the robot.

863
00:45:45,560 --> 00:45:47,279
Speaker 1: I'm not a big I'm not a big robot guy.

864
00:45:47,280 --> 00:45:48,520
Speaker 1: That makes me a little bit more nervous.

865
00:45:48,520 --> 00:45:48,800
Speaker 2: No.

866
00:45:48,520 --> 00:45:50,400
Speaker 1: No, we get a robot that we put in a

867
00:45:50,440 --> 00:45:53,720
Speaker 1: Vall's jersey and it says nice things about SEC football,

868
00:45:53,760 --> 00:45:56,280
Speaker 1: and all of a sudden, I think, Jeeves, the robot

869
00:45:56,400 --> 00:45:58,520
Speaker 1: is going to be like, yes, Klay, Travis, we will

870
00:45:58,560 --> 00:46:00,960
Speaker 1: watch the game like I could see the happening. Now,

871
00:46:00,960 --> 00:46:02,880
Speaker 1: I got kids to watch games with. I'm gonna be

872
00:46:02,880 --> 00:46:06,480
Speaker 1: slow on the robot uptake fair enough. There's no time

873
00:46:06,560 --> 00:46:08,960
Speaker 1: like the president to put together a protection plan for

874
00:46:09,040 --> 00:46:11,920
Speaker 1: your home. When you make that plan, include a Saber

875
00:46:11,960 --> 00:46:14,680
Speaker 1: home defense launcher. Clay and I both have these at home,

876
00:46:14,840 --> 00:46:16,799
Speaker 1: and they're easy to use and they provide peace of

877
00:46:16,840 --> 00:46:18,839
Speaker 1: mind in the event of a break in. Saber Home

878
00:46:18,880 --> 00:46:22,400
Speaker 1: Defense Launcher delivers seven powerful impactor Pepper projectiles, which is

879
00:46:22,440 --> 00:46:25,000
Speaker 1: two more than the major competitors out there. When fear

880
00:46:25,080 --> 00:46:27,720
Speaker 1: hits and you have to defend yourself, having extra stopping

881
00:46:27,760 --> 00:46:31,480
Speaker 1: power can change everything. Saber is spelled Sabri. The website

882
00:46:31,560 --> 00:46:35,800
Speaker 1: is saber protect dot com. That's Sabre saberprotect dot com.

883
00:46:35,920 --> 00:46:38,760
Speaker 1: Right now save up to fifteen percent on select Saber bundles.

884
00:46:38,960 --> 00:46:41,480
Speaker 1: Visit saberprotect dot com or call eight four four eight

885
00:46:41,520 --> 00:46:42,000
Speaker 1: two four.

886
00:46:42,120 --> 00:46:42,560
Speaker 2: Safe.

887
00:46:42,680 --> 00:46:46,200
Speaker 1: When safety matters, America chooses Saber number one brand trusted

888
00:46:46,200 --> 00:46:50,160
Speaker 1: by police and millions worldwide. Saber protect dot com or

889
00:46:50,239 --> 00:46:54,320
Speaker 1: call eight four four eight two four safe.

890
00:46:53,680 --> 00:46:55,839
Speaker 2: Keeping it Real, Keeping it right.

891
00:46:56,239 --> 00:46:59,280
Speaker 7: Clan Buck find them on the iHeart app or wherever

892
00:46:59,360 --> 00:47:01,799
Speaker 7: you get your welcome in.

893
00:47:02,000 --> 00:47:06,280
Speaker 1: Clay and Buck join now by Treasury Secretary Scott Bessett.

894
00:47:06,320 --> 00:47:09,160
Speaker 1: We appreciate him taking the time to hang out with us,

895
00:47:09,200 --> 00:47:11,880
Speaker 1: and we'll dive right into this because Buck has a

896
00:47:11,920 --> 00:47:14,600
Speaker 1: one year old that he has signed up for Trump accounts.

897
00:47:14,920 --> 00:47:15,800
Speaker 2: For people out.

898
00:47:15,600 --> 00:47:18,240
Speaker 1: There that have not done this, that have young children,

899
00:47:18,719 --> 00:47:22,480
Speaker 1: what can the impact overtime over twenty years mean for

900
00:47:22,560 --> 00:47:25,400
Speaker 1: these young kids, and why should they be signing up.

901
00:47:25,440 --> 00:47:26,480
Speaker 2: I'll let you make a pitch.

902
00:47:27,239 --> 00:47:31,120
Speaker 5: Good gentlemen, good to be with you, and so everyone

903
00:47:32,200 --> 00:47:36,600
Speaker 5: children age eighteen to newborns should be signing up. For

904
00:47:36,800 --> 00:47:39,680
Speaker 5: newborns who were born during President Trump's term, they're going

905
00:47:39,719 --> 00:47:43,040
Speaker 5: to get a thousand dollars seed investment from the US

906
00:47:43,160 --> 00:47:45,400
Speaker 5: Treasury that's going to be put into a low cost

907
00:47:45,480 --> 00:47:52,480
Speaker 5: index option and that could compound at historical rates. Just

908
00:47:52,640 --> 00:47:57,640
Speaker 5: that thousand dollars could be between three five thousand dollars

909
00:47:57,880 --> 00:48:05,919
Speaker 5: at age eighteen. Parents, employers, family members, friends can put

910
00:48:05,960 --> 00:48:09,760
Speaker 5: up to five thousand dollars a year tax free into

911
00:48:09,800 --> 00:48:14,680
Speaker 5: the accounts, and if that maximum is made over the years,

912
00:48:14,760 --> 00:48:17,280
Speaker 5: then you could have in the hundreds of thousands of dollars.

913
00:48:18,160 --> 00:48:21,480
Speaker 5: We've got some of our nation's great philanthropists like Susan

914
00:48:21,680 --> 00:48:25,920
Speaker 5: Michael Dell are putting up six point two five billion

915
00:48:25,960 --> 00:48:29,240
Speaker 5: dollars for children who are not in the top twenty

916
00:48:29,239 --> 00:48:32,880
Speaker 5: five percent of zip codes by income level, and that'll

917
00:48:32,920 --> 00:48:38,440
Speaker 5: go to children across the age groups. Harold Ham, for instance,

918
00:48:39,960 --> 00:48:44,200
Speaker 5: another great philanthropist, has doing the same thing in Oklahoma.

919
00:48:44,400 --> 00:48:47,920
Speaker 5: So like these things could really be stacked and it's

920
00:48:47,920 --> 00:48:52,440
Speaker 5: a very good way for families to start saving for

921
00:48:52,640 --> 00:48:58,480
Speaker 5: their children, and at age eighteen becomes the child's property.

922
00:48:58,560 --> 00:49:02,400
Speaker 5: They become an adult, and they can either use it

923
00:49:02,560 --> 00:49:06,800
Speaker 5: for they can use it for anything but school, car purchase,

924
00:49:07,200 --> 00:49:11,319
Speaker 5: home down payment, or it could be rolled into a

925
00:49:12,840 --> 00:49:16,839
Speaker 5: could be rolled into a Classic Ira, which at age

926
00:49:16,880 --> 00:49:20,520
Speaker 5: sixty sixty five could be in the hundreds of thousands.

927
00:49:20,520 --> 00:49:22,879
Speaker 1: Sec guaray best and appreciate you being with us. We're

928
00:49:22,920 --> 00:49:26,240
Speaker 1: talking a lot these days about how the American people

929
00:49:26,280 --> 00:49:29,680
Speaker 1: feel about the economy, and with the midterm election looming,

930
00:49:30,000 --> 00:49:33,560
Speaker 1: it's obviously something that isn't just a matter of public

931
00:49:33,680 --> 00:49:37,120
Speaker 1: sentiment but will soon be public vote about how things

932
00:49:37,160 --> 00:49:41,479
Speaker 1: are going. What's your overview, your sense of how things

933
00:49:41,520 --> 00:49:45,040
Speaker 1: are going, what's going really well? What's the administration focused

934
00:49:45,040 --> 00:49:47,520
Speaker 1: on putting more attention on, and what can we expect

935
00:49:47,560 --> 00:49:49,719
Speaker 1: from now until the end of this year in terms

936
00:49:49,760 --> 00:49:52,239
Speaker 1: of action, either from your office or from the administration

937
00:49:52,320 --> 00:49:52,880
Speaker 1: more broadly.

938
00:49:53,600 --> 00:49:57,440
Speaker 5: Yeah, so look, let me just look back and I'll

939
00:49:57,440 --> 00:49:58,799
Speaker 5: tell you what we're not going to do. We're not

940
00:49:58,840 --> 00:50:01,520
Speaker 5: going to do what the Biden administration did and said

941
00:50:01,560 --> 00:50:05,799
Speaker 5: that like anyone with economic anxiety, that they don't know

942
00:50:05,800 --> 00:50:10,160
Speaker 5: what they're talking about. It's a vibe session. We understand

943
00:50:10,239 --> 00:50:14,840
Speaker 5: that there was this torred inflation during the Biden years

944
00:50:14,880 --> 00:50:19,640
Speaker 5: twenty one point five percent statistical inflation, probably higher for

945
00:50:19,760 --> 00:50:25,600
Speaker 5: working families, probably in the mid thirties, and thus far

946
00:50:27,080 --> 00:50:31,440
Speaker 5: that the underlying economy is quite strong. Core inflation has

947
00:50:31,480 --> 00:50:35,760
Speaker 5: been coming down, and we've got this temporary price bike,

948
00:50:36,400 --> 00:50:42,320
Speaker 5: mainly in gasoline and energy and energy crude derivatives because

949
00:50:42,560 --> 00:50:45,520
Speaker 5: of the conflict in Iran. We will get to the

950
00:50:45,560 --> 00:50:49,000
Speaker 5: other side of this. We had prices are well off

951
00:50:49,040 --> 00:50:55,960
Speaker 5: the high. We had a brief respite, respite for a

952
00:50:55,960 --> 00:51:00,040
Speaker 5: few weeks. The conflict has the kinetic portion of the

953
00:51:00,080 --> 00:51:02,439
Speaker 5: conflict has resumed again. But we'll get to the other

954
00:51:02,560 --> 00:51:05,640
Speaker 5: side of this. The other thing that we are seeing,

955
00:51:06,160 --> 00:51:08,880
Speaker 5: or the benefits of you can either call it a

956
00:51:08,920 --> 00:51:11,920
Speaker 5: one big beautiful bill or the working family's tax cuts.

957
00:51:12,120 --> 00:51:17,200
Speaker 5: I'm also the IRS Commissioner acting. I would add and

958
00:51:19,200 --> 00:51:23,319
Speaker 5: that we saw forty four percent of filers took one

959
00:51:23,360 --> 00:51:26,520
Speaker 5: of the President's signature policies, no tax and tips, no

960
00:51:26,640 --> 00:51:31,360
Speaker 5: tax on overtime reduced, so security taxes for a great seniors,

961
00:51:31,440 --> 00:51:35,200
Speaker 5: or a deductibility of interest on American made cars and

962
00:51:35,920 --> 00:51:39,439
Speaker 5: the average ninety seven percent of the people who took

963
00:51:39,480 --> 00:51:43,560
Speaker 5: those deductions make less than two hundred thousand dollars. We've

964
00:51:43,640 --> 00:51:48,279
Speaker 5: got the enhanced child tax credit that there are a

965
00:51:48,320 --> 00:51:50,640
Speaker 5: lot of things in this bill.

966
00:51:50,800 --> 00:51:53,440
Speaker 1: We're talking to Treasury Secretary Scott Besson. I know one

967
00:51:53,480 --> 00:51:55,719
Speaker 1: thing you've been focused on. You just mentioned oil and

968
00:51:55,800 --> 00:51:59,440
Speaker 1: gas prices. There's talk that there may be new pipelines

969
00:51:59,480 --> 00:52:02,920
Speaker 1: being built that could potentially take down the percentage of

970
00:52:02,960 --> 00:52:05,320
Speaker 1: oil and gas that has to travel through the Strait

971
00:52:05,320 --> 00:52:08,360
Speaker 1: of War moves which would lessen some of the Iranian

972
00:52:08,800 --> 00:52:13,880
Speaker 1: leadership's power. But you have been working on all of

973
00:52:13,920 --> 00:52:16,640
Speaker 1: the funds that are being hidden that have been in

974
00:52:16,719 --> 00:52:20,640
Speaker 1: the Ayatolis control. What have you found by being able

975
00:52:20,680 --> 00:52:24,080
Speaker 1: to track those dollars and how much is this kleptocracy

976
00:52:24,440 --> 00:52:26,760
Speaker 1: which we don't talk about a lot, the actual theft

977
00:52:26,840 --> 00:52:30,719
Speaker 1: that's occurring from the Iranian people on behalf of their leadership.

978
00:52:30,760 --> 00:52:31,480
Speaker 2: What have you found.

979
00:52:32,000 --> 00:52:35,960
Speaker 5: Well, we've found billions of dollars that we're tracking it

980
00:52:36,040 --> 00:52:39,799
Speaker 5: across the globe. We have some of it in blocked accounts,

981
00:52:40,040 --> 00:52:44,840
Speaker 5: we have frozen crypto wallets. We believe that we have

982
00:52:45,080 --> 00:52:50,960
Speaker 5: found the trust company that controls the new Ayatola's property

983
00:52:51,000 --> 00:52:55,160
Speaker 5: portfolio across the globe one hundred several hundred million dollar properties.

984
00:52:55,160 --> 00:52:58,640
Speaker 5: We hope to be able to publish photos and addresses

985
00:52:58,680 --> 00:53:03,520
Speaker 5: of those properties. And most importantly, we are a husband

986
00:53:03,600 --> 00:53:08,919
Speaker 5: in these assets for the Iranian people. It belongs to them.

987
00:53:09,280 --> 00:53:16,520
Speaker 5: This is a kleptocracy masking as a religious organization on

988
00:53:16,560 --> 00:53:21,800
Speaker 5: the Iatola side. And then the IRGC, the Iranian Republican Guard.

989
00:53:22,000 --> 00:53:25,520
Speaker 5: We think that they maybe skim a third of the

990
00:53:25,600 --> 00:53:30,200
Speaker 5: oil revenues. So we have been tracking both individual Guard

991
00:53:30,280 --> 00:53:36,840
Speaker 5: members and clamping down on their economy. The first six weeks,

992
00:53:36,920 --> 00:53:41,359
Speaker 5: the kinetic portion of the war, which our military executed

993
00:53:41,440 --> 00:53:47,520
Speaker 5: brilliantly destroyed their air force, destroyed their navy. I believe

994
00:53:47,600 --> 00:53:50,480
Speaker 5: we destroyed eighty five or ninety percent of their missile

995
00:53:50,520 --> 00:53:56,560
Speaker 5: production capability, destroyed a large amount of their existing missile

996
00:53:56,760 --> 00:54:01,440
Speaker 5: stockpile and drones. Then we moved on, so that was

997
00:54:01,480 --> 00:54:04,880
Speaker 5: epic fury. We moved on to what we call economic fury,

998
00:54:05,520 --> 00:54:10,160
Speaker 5: and that includes the blockade, which I believe shot the

999
00:54:10,200 --> 00:54:16,480
Speaker 5: Iranians that they were having oil, they were having to

1000
00:54:16,520 --> 00:54:20,640
Speaker 5: take down their oil production. We gave them a chance.

1001
00:54:20,760 --> 00:54:24,279
Speaker 5: We took the blockade down, took the sanctions off for

1002
00:54:24,320 --> 00:54:29,399
Speaker 5: a few days, and that they did not perform. So

1003
00:54:29,840 --> 00:54:34,880
Speaker 5: we are constricting and tightening the noose.

1004
00:54:34,640 --> 00:54:39,239
Speaker 1: Again, Secretary of the Treasury, besting with us now, Mister Secretary,

1005
00:54:39,920 --> 00:54:41,920
Speaker 1: I just wanted you to react to this headline and

1006
00:54:42,320 --> 00:54:45,120
Speaker 1: then give us whatever details you can, because we know

1007
00:54:45,239 --> 00:54:49,719
Speaker 1: that anti fraud efforts for this administration have become a

1008
00:54:49,800 --> 00:54:53,680
Speaker 1: major focus. And the Post report of this morning New

1009
00:54:53,760 --> 00:54:57,520
Speaker 1: York Post Treasury stopped nearly one hundred million dollars in

1010
00:54:57,560 --> 00:55:00,480
Speaker 1: taxpayer money from going to dead people.

1011
00:55:00,880 --> 00:55:03,759
Speaker 2: What's going on here, Well, it.

1012
00:55:04,120 --> 00:55:08,359
Speaker 5: Gives new meaning the dead beat. But what we've been

1013
00:55:08,400 --> 00:55:11,600
Speaker 5: able to do thanks to President Trump's leadership, we've been

1014
00:55:11,640 --> 00:55:16,960
Speaker 5: able to use there's a government wide program called they

1015
00:55:17,040 --> 00:55:21,560
Speaker 5: Do Not Pay, but we were not able to access that.

1016
00:55:21,880 --> 00:55:24,560
Speaker 5: The systems don't talk to each other, and there's a

1017
00:55:24,600 --> 00:55:27,920
Speaker 5: good privacy side to that, but there's an inefficient side

1018
00:55:27,960 --> 00:55:35,200
Speaker 5: to that for Treasury sold security or tax payments. So

1019
00:55:35,280 --> 00:55:39,200
Speaker 5: we've been able to merge those two and we think

1020
00:55:39,440 --> 00:55:43,680
Speaker 5: that we've stopped almost one hundred million dollars in payments

1021
00:55:43,760 --> 00:55:46,520
Speaker 5: last year, and we think it's going to total almost

1022
00:55:46,600 --> 00:55:53,560
Speaker 5: three hundred and fifty million dollars for people. I would

1023
00:55:53,600 --> 00:55:59,000
Speaker 5: assume it's either fraud from people who created the accounts

1024
00:55:59,080 --> 00:56:03,399
Speaker 5: or taking them over, or relatives who just didn't want

1025
00:56:03,440 --> 00:56:07,600
Speaker 5: to admit that they weren't supposed to get the checks anymore.

1026
00:56:08,560 --> 00:56:11,000
Speaker 1: I know you're from South Carolina, and I know we're

1027
00:56:11,120 --> 00:56:13,279
Speaker 1: gonna this is probably the last question we'll have time for.

1028
00:56:14,000 --> 00:56:15,880
Speaker 1: How well did you know Lindsey Graham? What do you

1029
00:56:15,920 --> 00:56:20,000
Speaker 1: think about his sister succeeding him? Did you consider at all?

1030
00:56:20,040 --> 00:56:21,960
Speaker 1: I know you have a very serious job right now

1031
00:56:22,000 --> 00:56:25,200
Speaker 1: in the cabinet. Did you consider at all the possibility

1032
00:56:25,400 --> 00:56:27,200
Speaker 1: of potentially running for the Senate?

1033
00:56:28,239 --> 00:56:33,320
Speaker 5: I knew Senator Graham very well. He was a great American,

1034
00:56:33,400 --> 00:56:36,439
Speaker 5: a great patriot, great he loved his state, he loved

1035
00:56:36,480 --> 00:56:40,520
Speaker 5: his country, and all I'll say is it was unfortunate

1036
00:56:40,920 --> 00:56:43,200
Speaker 5: he was busy taking care of the American people and

1037
00:56:43,280 --> 00:56:47,400
Speaker 5: didn't take very good care of himself. I think Darling's

1038
00:56:47,400 --> 00:56:51,319
Speaker 5: a fantastic person. There's some other great candidates too. Is

1039
00:56:51,640 --> 00:56:54,759
Speaker 5: that I had a house in the Myrtle Beach area.

1040
00:56:54,840 --> 00:56:59,919
Speaker 5: Russell Fry, the congressman from their seventh district. I think

1041
00:57:00,080 --> 00:57:03,640
Speaker 5: that seventh district voted eighty one percent for President Trump.

1042
00:57:04,080 --> 00:57:08,200
Speaker 5: So you know, Myrtle Beach is Trump country, and he

1043
00:57:08,320 --> 00:57:10,719
Speaker 5: threw his head in the ring this morning. So there's

1044
00:57:10,760 --> 00:57:16,400
Speaker 5: some great choices. It's going to be a very fullsome

1045
00:57:16,440 --> 00:57:19,919
Speaker 5: Republican primary. And look, I think I have the best

1046
00:57:20,000 --> 00:57:23,640
Speaker 5: job in DC and it's an honor to help President Trump,

1047
00:57:23,680 --> 00:57:26,120
Speaker 5: and I think this is the best way to do it.

1048
00:57:26,400 --> 00:57:30,320
Speaker 5: I have one boss who doesn't ever sleep, and I'd

1049
00:57:30,360 --> 00:57:36,320
Speaker 5: prefer that's been having five point five million great South Carolinians.

1050
00:57:37,560 --> 00:57:38,480
Speaker 2: That's outstanding.

1051
00:57:38,880 --> 00:57:40,680
Speaker 1: How often does he call you in the middle of

1052
00:57:40,680 --> 00:57:42,840
Speaker 1: the night, By the way, I know I said final question,

1053
00:57:42,880 --> 00:57:45,000
Speaker 1: but how often does President Trump call you in the

1054
00:57:45,000 --> 00:57:45,640
Speaker 1: middle of the night?

1055
00:57:45,680 --> 00:57:46,240
Speaker 2: What's that like?

1056
00:57:47,360 --> 00:57:50,520
Speaker 5: Well, it always begins with the question, Scott, I didn't

1057
00:57:50,520 --> 00:57:53,920
Speaker 5: wake you, did I? No, sir, I am always awake

1058
00:57:53,960 --> 00:57:55,400
Speaker 5: at one Tuesday.

1059
00:57:56,880 --> 00:58:00,000
Speaker 1: There you go, Secretary, bestdent. Thanks for coming on and

1060
00:58:00,000 --> 00:58:01,640
Speaker 1: please come back soon. Appreciate you, sir.

1061
00:58:02,160 --> 00:58:03,920
Speaker 5: Okay, thank you.

1062
00:58:05,920 --> 00:58:08,160
Speaker 1: Let me tell you about rapid radios for a moment.

1063
00:58:08,520 --> 00:58:10,760
Speaker 1: It can make a tremendous difference when it comes to

1064
00:58:10,920 --> 00:58:14,080
Speaker 1: helping your family stay in touch in times of catastrophe.

1065
00:58:14,120 --> 00:58:17,560
Speaker 1: We talked about when Buck's sister in law was in

1066
00:58:18,440 --> 00:58:23,360
Speaker 1: eastern North Carolina at western North Carolina and Hurricane Helene

1067
00:58:23,400 --> 00:58:26,240
Speaker 1: hit and all the impact that happened there. We told

1068
00:58:26,280 --> 00:58:27,960
Speaker 1: you about when we had the ice storm here in

1069
00:58:28,000 --> 00:58:31,200
Speaker 1: the Nashville area, so many people lost all of their power.

1070
00:58:31,520 --> 00:58:33,840
Speaker 1: A lot of you all throughout the South who listened

1071
00:58:33,880 --> 00:58:35,960
Speaker 1: to us were able to stay in touch thanks to

1072
00:58:36,960 --> 00:58:41,800
Speaker 1: rapid radios and them being on top of that communication world.

1073
00:58:41,920 --> 00:58:44,320
Speaker 1: We also use it for our eleven year old. He

1074
00:58:44,360 --> 00:58:46,600
Speaker 1: doesn't have a cell phone yet. We use this to

1075
00:58:46,640 --> 00:58:49,480
Speaker 1: stay in touch with him. If you have elderly family members,

1076
00:58:49,480 --> 00:58:51,240
Speaker 1: maybe you're going on a road trip and you want

1077
00:58:51,240 --> 00:58:53,920
Speaker 1: to be able to stay in touch nationwide with everybody.

1078
00:58:54,000 --> 00:58:57,640
Speaker 1: Rapid radios is fantastic. It has all the fun and

1079
00:58:57,840 --> 00:59:01,240
Speaker 1: ease of use of a walkie talkie, except they're equipped

1080
00:59:01,280 --> 00:59:05,080
Speaker 1: with technology that lets you talk on them nationwide instant

1081
00:59:05,120 --> 00:59:09,680
Speaker 1: push to talk capabilities. They operate on a nationwide LTE network,

1082
00:59:09,680 --> 00:59:12,400
Speaker 1: giving you unlimited range across the US. You could be

1083
00:59:12,440 --> 00:59:14,920
Speaker 1: a mile away from another one another, or you could

1084
00:59:14,920 --> 00:59:18,040
Speaker 1: be one thousand miles apart. Rapid radios works with a

1085
00:59:18,080 --> 00:59:22,680
Speaker 1: clear signal, no contracts, designed zero monthly fees and right now,

1086
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Speaker 1: when you buy two radios, you get one completely free.

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Speaker 1: Have a big family, buy four, get two free. You

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Speaker 1: can also keep going up and get six and get

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Speaker 1: three free. Every bundle includes a full year of service

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Speaker 1: and free shipping. Just go to rapid radios dot com

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Speaker 1: slash bundle to get hooked up today. That's Rapid Radios

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Speaker 1: dot com slash bundle.

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Speaker 7: Level up your brain and balance out your day with

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Speaker 7: the right amount of information and entertainment. Clay Travis and

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Speaker 7: Buck Sexton on the iHeartRadio app

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Speaker 2: Or wherever you get your podcast