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Speaker 1: Hey, guys, ready or not, twenty twenty four is here

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Speaker 1: and we here at breaking points, are already thinking of

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Speaker 1: ways we can up our game for this critical election.

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Speaker 2: We rely on our premium subs to expand coverage, upgrade

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Speaker 2: the studio ad staff give you, guys, the best independent.

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Speaker 3: Coverage that is possible.

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Speaker 2: If you like what we're all about, it just means

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Speaker 2: the absolute world to have your support. But enough with that,

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Speaker 2: let's get to the show. Good morning, everybody, Happy Thursday.

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Speaker 3: We have an amazing show for everybody today. Well, we

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Speaker 3: have Crystal.

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Speaker 1: Indeed, we do many interesting stories to dig into this morning.

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Speaker 1: We got a bunch of new battleground state polls. What

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Speaker 1: is the state of this race? Continuing to look very

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Speaker 1: difficult for Joe Biden. We've also got some interesting numbers

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Speaker 1: about how people feel about the economy and how the

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Speaker 1: economy has treated them. Also and some new important housing

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Speaker 1: numbers there as we also break all of that down

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Speaker 1: for you. Got a little update on that Red Lobster story.

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Speaker 1: Seems we've been snookerd. It was not endlesstrimp that took

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Speaker 1: Red Lobster under. It was classic corporate rating, private equity,

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Speaker 1: corporate greed, all of those sorts of things, So we'll

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Speaker 1: get into that and show you exactly what actually happened

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Speaker 1: with Red Lobster. Trump is trying to clean up some

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Speaker 1: comments he made about birth control restrictions. This continues to

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Speaker 1: be a huge source of potential danger for the Republican

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Speaker 1: Party and for Trump specifically and trying to retake.

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Speaker 4: The White House.

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Speaker 1: So we will talk about that and how Americans feel

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Speaker 1: about it. We also have a bunch of updates out

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Speaker 1: of Israel and Gaza in particular. Hamas still very strong,

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Speaker 1: very present, the US apparently sounding alarms that many people

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Speaker 1: like us have been sounding for many months that hey,

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Speaker 1: you know what, when you slaughter a bunch of children

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Speaker 1: and women and civilians and annihilate everything, all you're going

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Speaker 1: to do is make people more motivated to join Hamas.

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Speaker 1: And now we have reporting that indicates they have gained

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Speaker 1: thousands of new recruits.

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Speaker 4: Just over the past several months.

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Speaker 1: At the same time, three new countries are recognizing the

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Speaker 1: state of Palestine and Israel. BB in particular is completely

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Speaker 1: freaking out and punishing Palestinians for the actions of these

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Speaker 1: three countries, and that peer situation as predicted, completely ineffective.

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Speaker 1: No aid breaching, starving gosins from the peer At this point.

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Speaker 1: Ken Klippenstein has been covering this very closely from the beginning,

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Speaker 1: so he is going to join us to break down

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Speaker 1: what exactly is going on there.

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Speaker 2: Yes, exactly, that's right, all right, before we get to

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Speaker 2: that administrative Now, this is going to be the last

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Speaker 2: call for everybody, all right, So this is the last

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Speaker 3: What else here is on my list? After that?

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Speaker 2: Yeah, by the way, very excited for everybody who's been

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Speaker 3: But I think that is everything. Again.

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Speaker 4: Yeah, and just just to reiterate, check your email.

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Speaker 2: That's all right, Mary, we don't want that. If you're

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Speaker 2: helping support us, you're praying for it. You know we

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Speaker 2: are thinking of you.

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Speaker 3: From day one.

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Speaker 2: We've tried to make it as simple and easy as possible,

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Speaker 2: and you know most of our people have said that

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Speaker 2: it's been very, very seamless.

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Speaker 3: So let's get it done. All right, yes, thank you

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Speaker 3: very very much.

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Speaker 2: Let's go ahead and start with twenty twenty four and

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Speaker 2: these polls where the situation continues to be bad for

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Speaker 2: Joe Biden and it all shockingly comes down to the economy.

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Speaker 3: Who could have known that.

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Speaker 2: Let's put this up there on the screen. So here

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Speaker 2: we have from Bloomberg and Mourning consult in more head

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Speaker 2: to head pulling just confirming basically every single other poll

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Speaker 2: that is out there and the same story. So let's

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Speaker 2: keep this up here, please, just so I can read

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Speaker 2: off of it. This is the head to head matchups

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Speaker 2: Donald Trump Joe Biden in the state of Arizona forty nine,

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Speaker 2: forty four, Georgia forty seven, forty four, Michigan forty six

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Speaker 2: for Biden, forty five for Trump. One of the only

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Speaker 2: states whereas Biden is actually leading. Biden and Trump tied

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Speaker 2: in the state of Nevada. In this particular one. In

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Speaker 2: North Carolina, Trump is up by seven. In Pennsylvania, Trump

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Speaker 2: is up by two, and in Wisconsin, Trump is up

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Speaker 2: by one.

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Speaker 3: Now, basically all of.

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Speaker 2: This comports with the general election polling that we've seen

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Speaker 2: from various other high quality pollsters.

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Speaker 3: Crystal and in fact.

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Speaker 2: This morning, the Cook Political Report put out its own

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Speaker 2: state by state polling, which includes RFK Junior and lo

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Speaker 2: and behold, there is only one swing state in the

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Speaker 2: entire country where Biden is even tied with Trump, and

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Speaker 2: that is Wisconsin. According to them, Trump is up by

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Speaker 2: a minimum of three in every single other state. The

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Speaker 2: most shocking of one is he is up by nine

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Speaker 2: in the state of Nevada, up by eight if you

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Speaker 2: include RFK Junior. Ooh, that's the state that he won,

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Speaker 2: by the way.

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Speaker 1: I mean, I guess if you're in cote mode for

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Speaker 1: the Biden team, these are a little bit less bad

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Speaker 1: than the New York Times one yes, which chat him

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Speaker 1: losing by I think thirteen points in Arizona. Some of

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Speaker 1: these are a little bit, you know, a little closer.

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Speaker 1: He's in the ball game, certainly in those industrial Midwestern states.

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Speaker 1: And there's some interesting ironies here into the way that

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Speaker 1: this map is shaping up, because one of the things

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Speaker 1: you do see consistently across the swing state polling is

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Speaker 1: that Biden is tending to hang in there a little

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Speaker 1: bit better in those industrial Midwestern states Pennsylvania, Michigan, Wisconsin.

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Speaker 1: Why because the demographic is older, and wider. Now that

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Speaker 1: is the polar opposite of the way the Democratic Party

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Speaker 1: has been portraying themselves, the demographics they've been going after.

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Speaker 1: I mean, we're talking about since the Obama coalition, where

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Speaker 1: the thought was, Okay, we do well with young people,

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Speaker 1: we do well with a diverse electorate.

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Speaker 4: Now they're most solid.

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Speaker 1: Joe Biden's most solid and consistent base of support is

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Speaker 1: old white people, and those are the states that he

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Speaker 1: does the best in. So, I mean, it is a

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Speaker 1: real reversal of the trends that things have been having,

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Speaker 1: and now things can change, but consistent in this polling

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Speaker 1: and the polling you just referenced, Sager, is that those

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Speaker 1: new swing states of you know, the sun Belt, Georgia, Arizona,

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Speaker 1: Nevada has been a swing state and has been pretty

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Speaker 1: solidly Democratic actually for a while, in part because of

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Speaker 1: the machine that Harry Reid built and the strength of

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Speaker 1: unions there, but because those are also places that have

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Speaker 1: more young and more working class demographic in particular in Nevada,

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Speaker 1: they are the states that Biden seems to be in

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Speaker 1: the most trouble in. So you know that even as

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Speaker 1: the margins are a little different, pulled the poll, that

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Speaker 1: trend seems to be fairly consistent.

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Speaker 3: Absolutely, and that is a shocking development.

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Speaker 2: This is an inversion of all of the traditional rules

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Speaker 2: of Obama era politics, and we're basically watching young black

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Speaker 2: and Hispanic voters drift at least marginally much more towards Trump,

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Speaker 2: which is what is accelerating his lead in the Sun

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Speaker 2: Belt states. That's how you explain why Florida is not

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Speaker 2: even considered a swing state anymore. In fact, a lot

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Speaker 2: of the dynamic economies, especially down in the Sun Belt,

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Speaker 2: we've seen huge population in growth. A lot of those

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Speaker 2: people are turunding much more Republican, while the industrial Midwest,

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Speaker 2: the strong support of older white voters, boomers basically who

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Speaker 2: have especially becoming more democratic, and also the college educated,

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Speaker 2: is what is keeping him in the game at all.

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Speaker 2: Because remember, he can win those states and not actually

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Speaker 2: have to win any of the Sun Belt, and he

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Speaker 2: could still see the presidency.

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Speaker 1: And I should clarify a little bit, Joe Biden will

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Speaker 1: still win young people, he will still overwhelmingly win black voters,

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Speaker 1: he will still win Latino voters.

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Speaker 4: What I'm speaking to.

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Speaker 1: Is which parts of his previous co are drifting away

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Speaker 1: and those younger and more diverse parts of the coalition

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Speaker 1: are the parts that are drifting away, most of them

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Speaker 1: to the couch, some of them to third party candidates,

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Speaker 1: some of them to Trump. But the part of his

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Speaker 1: base that has remained them both solid are older white voters. Again,

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Speaker 1: Republicans overall will still win that demographic, but of the

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Speaker 1: portion of them that voted for Joe Biden last time,

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Speaker 1: that's the piece that has remained the most rock solid

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Speaker 1: through this period, while other parts have drifted away. And

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Speaker 1: obviously the election last time was extremely close, so he

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Speaker 1: can't afford any drift. If anything, he needs to pick

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Speaker 1: up some disaffected suburban Republicans who's still been hanging in

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Speaker 1: there for whatever reason. But I am sort of doubtful

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Speaker 1: that there's a lot more of them.

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Speaker 2: To gain it thinking of the disaffected suburban Republican who

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Speaker 2: voted for it. Nikki Haley, she gave a talkie yesterday

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Speaker 2: where she was asked, are you going to vote for Trump?

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Speaker 3: Here's what she had to say.

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Speaker 5: As a voter, I put my priorities on a president

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Speaker 5: who's going to have the backs of our allies and

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Speaker 5: hold our enemies to account, who would secure the border.

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Speaker 5: No more excuses, a president who would support capitalism and freedom,

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Speaker 5: a president who understands we need less debt, not more debt.

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Speaker 5: Trump has not been perfect on these policies. I have

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Speaker 5: made that clear many, many times. But Biden has been

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Speaker 5: a catastrophe. So I will be voting for Trump. Having

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Speaker 5: said that, I stand by what I said in my

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Speaker 5: suspension speech. Trump would be smart to reach out to

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Speaker 5: the millions of people who voted for me and continue

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Speaker 5: to support me, and not assume that they're just going

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Speaker 5: to be with him, And I genuinely hope he does that.

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Speaker 3: Okay, So there it is. Crystal Nikki will be voting

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Speaker 3: for Trump.

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Speaker 2: Will I will say this for everybody who has got

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Speaker 2: an anti war dream like I do, and has hopes

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Speaker 2: possibly for a second Trump administration. The thing that should

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Speaker 2: always give you the most positive The neo cons are

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Speaker 2: very comfortable with him coming back into power. In fact,

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Speaker 2: Michael Tracy's been doing a great job on this. Trump

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Speaker 2: was recently asked about some people who potentially would work

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Speaker 2: in his administration, and he listed Mike Pompeo, Tom Cotton,

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Speaker 2: and even possibly Nicki Haley.

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Speaker 3: Now she might forget vice president. He's ruled her out

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Speaker 3: for that. So everybody out there, let me just you.

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Speaker 2: Know, preempty I told you sos and say they're rallying

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Speaker 2: to Trump because they believe that they can at the

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Speaker 2: very least snooker him and most likely he's just apathetic

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Speaker 2: in terms of governance and they can get their access

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Speaker 2: to the government again.

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Speaker 3: So it's very possible, you.

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Speaker 2: Know, not only that these suburban people would vote for

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Speaker 2: Trump because of an endorsement, you know, something like this,

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Speaker 2: but also that the traditional machine behind him, you know,

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Speaker 2: of the traditional Republican Party, who you know doesn't like

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Speaker 2: him stylistically, still believes they can get a lot of

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Speaker 2: what they want from him.

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Speaker 4: One hundred percent.

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Speaker 1: Yeah, I mean, this is the man He had John

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Speaker 1: Bolton and Mike bombay Ow in his administration last time.

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Speaker 4: So I don't know.

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Speaker 1: Still williamselves with Donald trumping some anti war hero has

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Speaker 1: always been nonsense to me. But you know, with regard

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Speaker 1: to Nikki Haley specifically, this is as many politicians, if

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Speaker 1: not all politicians are, as an incredibly craven person. So

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Speaker 1: why does she make this decision? There were two possible

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Speaker 1: lanes open for her. One was to say, Okay, I'm

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Speaker 1: going to vote for Trump and try to remain relevant

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Speaker 1: in the like Republican political sphere. And I think probably

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Speaker 1: the fact that she's being floated for potential cabinet positions,

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Speaker 1: some people even talking about for her for vice president

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Speaker 1: and Trump shot that down. I'll think that is an

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Speaker 1: active likely scenario. But she feels like she still got

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Speaker 1: a lane in the Trump administration. In the Trump world,

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Speaker 1: we've seen before people you know, Ted Cruz and others

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Speaker 1: who've been vociferously opposed to Trump and said extremely you know,

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Speaker 1: aggressive things against him, et cetera, et cetera. Lindsay, once

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Speaker 1: they make nice, they're welcome back in. So she sees

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Speaker 1: a lane for herself there, and she thought that was

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Speaker 1: more fruitful than the other turn, which would be to

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Speaker 1: go you know, full sort of like anti Trump, never

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Speaker 1: Trump resistance liberal quote unquote that lane and try to

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Speaker 1: get some media gig or whatever, double down on her

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Speaker 1: corporate board sitting, et cetera.

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Speaker 4: So she apparently thinks.

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Speaker 1: It's more fruitful for her to go in the direction

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Speaker 1: of potentially being in a Trump administration. And so you

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Speaker 1: can't read into this any sort of like actual principle

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Speaker 1: or moral It's all about, like what is the craven

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Speaker 1: political calculation.

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Speaker 4: You know.

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Speaker 1: The other question is there's been a lot of chatter

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Speaker 1: saga about she's still getting votes in these prime like

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Speaker 1: a good number of votes in these primaries, some of them.

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Speaker 1: And so the question was, oh, are these voters, like,

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Speaker 1: do they really just hate Trump and they're just gonna not,

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Speaker 1: you know, come into the fold. And then the reverse

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Speaker 1: of that analysis would be, Okay, well, now that Nicky's

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Speaker 1: endorsed him, they'll come right along. And I just can't

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Speaker 1: see that those individuals were like particularly tied.

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Speaker 4: Into Nicki Halee anyway.

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Speaker 1: So in terms of electoral impact is what I'm trying

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Speaker 1: to say, I don't think this woman has any sway

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Speaker 1: with any actual set of voters. So I don't think

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Speaker 1: her endorsement actually matters except that it makes her in

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Speaker 1: a position where she could potentially be in a Trump

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Speaker 1: cabinet position.

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Speaker 2: Later, well said, that's right, and then let's turn to

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Speaker 2: what again is animating all of this, which is the economy.

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Speaker 3: Let's put this up there on the screen.

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Speaker 2: I mean, what we see here is there is an

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Speaker 2: inability right now of the intelligensia in Washington to understand

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Speaker 2: why Americans put huge blame on Biden for the economy,

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Speaker 2: so they like to point out how statistically they are wrong. So,

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Speaker 2: for example, in this recent poll from The Guardian, they

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Speaker 2: say fifty five percent of Americans believe the economy is shrinking,

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Speaker 2: fifty six percent that the US is experiencing a recession,

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Speaker 2: and it says though the broadest measure of the economy

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Speaker 2: GDP has been growing, it's like, hm, well, how is

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Speaker 2: it distributed? Forty nine percent believe that the S and

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Speaker 2: P five hundred stock market is down for the year,

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Speaker 2: although the index is up twenty four percent and twenty

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Speaker 2: twenty three and is up more than twelve percent this year.

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Speaker 2: It says forty nine percent believe the economy is unemployment

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Speaker 2: is at a fifty year high, even though the unemployment rate

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Speaker 2: has been under four percent and near fifty year low. Overall,

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Speaker 2: Americans put blame on Biden for the state of the economy,

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Speaker 2: with fifty eight percent of those polls saying the economy

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Speaker 2: is worsening doing too mismanagement from the presidential administration. The

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Speaker 2: reason I cannot stand stuff like this Crystal is again

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Speaker 2: is it's continuing to try and tell people that to

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Speaker 2: deceive their lying eyes and look, I agree, who out

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Speaker 2: there knows what the S and P five hundred is

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Speaker 2: up for the year? What are they really being asked here?

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Speaker 2: What are they actually being asked? Do I feel as

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Speaker 2: if I have more money today than I did previously?

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Speaker 2: And the answer to that, as we definitively showed what

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Speaker 2: was in our Monday show for the net worth chart,

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Speaker 2: is you have point seven percent more under Biden your

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Speaker 2: net worth where under Trump you had up to twenty Now,

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Speaker 2: there's a lot of reasons for that, but you know,

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Speaker 2: empirically these people are correct now whenever they say I

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Speaker 2: feel the economy is shrinking, they're not looking to the

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Speaker 2: top line GDP number As to whether you know the

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Speaker 2: SEP five hundred market cap is.

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Speaker 4: Up almost completely irrelevant right live.

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Speaker 3: Yea, it is irrelevant to their life.

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Speaker 2: I mean, yeah, it matters and like some broad thing,

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Speaker 2: but like, what does it really matter? Do I have

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Speaker 2: more spending power today than I did before? The answer

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Speaker 2: to that, again, no, especially whenever we look at inflation

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Speaker 2: compared to wages. The same with unemployment, They're like, well,

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Speaker 2: unemployment is near a fifty year low. I'm like, well,

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Speaker 2: you know a lot of people dropped out of the workforce.

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Speaker 2: We know that for sure. That's one of the reasons

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Speaker 2: why the way unemployment is calculated is very problematic. And

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Speaker 2: two there's another question to that, Do I like my job?

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Speaker 2: Do I actually feel as if I am working what

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Speaker 2: I want to do? People don't think of things in

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Speaker 2: terms of technicalities. The way that they feel, I actually

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Speaker 2: think is much more real, you know, compared to whatever

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Speaker 2: these stats are. So tell me which is wrong. The

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Speaker 2: stats are the way that millions and millions of people

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Speaker 2: feel about the economy.

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Speaker 1: Yeah, the stock market one stuck out to me in

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Speaker 1: particular because there's a good reason why most Americans are

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Speaker 1: not particularly in touch with what's going on the stock market.

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Speaker 1: It's because ninety three percent, this is a new number,

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Speaker 1: ninety three percent of all stocks were owned by the

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Speaker 1: top ten percent of Americans.

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Speaker 4: That's a new record high.

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Speaker 1: So it shouldn't be a surprise that most people like

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Speaker 1: I don't know, it's not performing well for me. And

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Speaker 1: so you know, I'm gonna just assume, which is like

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Speaker 1: sort of sweet, that the stock market is somehow correlated

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Speaker 1: to how I'm doing in my life, and I'm seeing

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Speaker 1: some problems here, so there must be some problems there.

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Speaker 4: Right.

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Speaker 1: Of course that's not the way it actually works, but yeah,

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Speaker 1: it's it's an interests. It is very emblematic of this

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Speaker 1: effort to sort of like gotcha the American people and

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Speaker 1: convince them that actually Biden's been great. They just don't

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Speaker 1: understand and they don't get it for their own lives.

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Speaker 1: And obviously there are many other, much more relevant indicators

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Speaker 1: of how people are doing under the Biden administration that

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Speaker 1: are pointing in the opposite direction.

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Speaker 2: Now, I wonder why people would feel as if things

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Speaker 2: aren't going so well.

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Speaker 3: Oh.

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Speaker 2: Home sales fell again in April after high mortgage rates

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Speaker 2: are dampening activities. Sales are previously owned homes have decreased

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Speaker 2: from the prior months to a seasonally adjusted annual rate

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Speaker 2: of four point one four million.

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Speaker 3: And if we go to the next one, what do

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Speaker 3: we have?

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Speaker 2: Another shocking development, aspiring homeowners face the lowest home buying

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Speaker 2: affordability since nineteen eighty five. The median household now needs

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Speaker 2: more than forty percent income to cover payments on a

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Speaker 2: median price homes. You know, include things like I don't know,

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Speaker 2: health insurance, which also continues to go up, education inflation.

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Speaker 2: Whenever it comes to tuition, and you're looking at a

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Speaker 2: mass unaffordability crisis that was already crisis, only ten times

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Speaker 2: worse with the gasoline of inflation. Even the people over

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Speaker 2: at CNN can understand this whenever they're not writing for

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Speaker 2: the Bit or they're writing for the business press.

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Speaker 3: Let's put this stuff there.

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Speaker 2: High inflation made finances worse for sixty five percent of

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Speaker 2: Americans last year.

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Speaker 3: So how many of these, you know, do we need?

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Speaker 2: And this is by the way, from the FED, from

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Speaker 2: the Economic well Being of US Households Report for twenty

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Speaker 2: twenty three, seventy two percent of adults at a record

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Speaker 2: higher saying they're quote doing just okay, it's actually below

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Speaker 2: what the pre these highs were whenever finances were better,

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Speaker 2: and in terms of inflation being made worse, over sixty

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Speaker 2: five percent have been attributably done worse due to their

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Speaker 2: financial state. So people are skipping meals, they're skipping medical care.

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Speaker 2: Credit card data is in an all time high. Yeah,

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Speaker 2: they're talking about childcare, inflation, education, and flight. Basically, there's

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Speaker 2: inflation in every sector of the economy which you need

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Speaker 2: to just survive, like at a very basic level, including

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Speaker 2: food and gas. Somebody sent me Los Angeles photo of

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Speaker 2: seven dollars and twenty cents a gallon. Now, I'm sure

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Speaker 2: that is an outlier, but that's still nuts, Like, how

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Speaker 2: does that even possibly exist?

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Speaker 3: Yeah?

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Speaker 1: Yeah, And there are some efforts under way by the

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Speaker 1: Biden administration to sell more oil into the market to

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Speaker 1: try to lower gas prices because they realize this is

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Speaker 1: a big political.

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Speaker 4: Problem for them.

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Speaker 1: One of the things that that article from CNN pointed

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Speaker 1: out that I thought was really interesting is the people

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Speaker 1: who have fared the worst are people who have young

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Speaker 1: children in particular require childcare. And any of you guys

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Speaker 1: who have kids know childcare is extremely expensive. It is

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Speaker 1: a huge burden on family budgets, and you know, it

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Speaker 1: makes sense. Not only has the price of childcare continued

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Speaker 1: to go up, but you also had this period during

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Speaker 1: COVID where it was very difficult and it was a

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Speaker 1: juggling act. But you know, you had parents at home

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Speaker 1: war so they were able to take some of that

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Speaker 1: cost burden off. You had the child tax Credit in place,

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Speaker 1: you had the other COVID social safety net pieces, and

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Speaker 1: so for families in particular, and specifically families with young children,

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Speaker 1: financially that was a huge help, and you've now seen

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Speaker 1: obviously all of that stripped away and real deterioration of

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Speaker 1: finances for families with kids. You know, there's a lot

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Speaker 1: to say economically. Obviously, I think people tend to, you know,

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Speaker 1: attribute more blame or credit for the economy to the

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Speaker 1: president than he is. Not a magician, there's no magic

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Speaker 1: wand but it is also accurate to say that there

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Speaker 1: have been some massive economic missteps under this Biden administration.

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Speaker 1: Number one, I think the rolling back of the COVID

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Speaker 1: social safety net without keeping any of those pieces in place,

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Speaker 1: not fighting for the social safety net part of the

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Speaker 1: build Back Better agenda so that people felt a direct

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Speaker 1: impact in their lives during this administration was a huge mistake.

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Speaker 1: And so one thing I've been saying for a while is,

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Speaker 1: you know, when you look at the big picture in

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Speaker 1: the long term, actually like some of the things the

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Speaker 1: Biden administration is doing there DJ is trying to break

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Speaker 1: up live nation. There's been great action in two places,

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Speaker 1: in particular regard to labor is a huge improvement, not

441
00:20:27,400 --> 00:20:30,040
Speaker 1: saying it's perfect, huge improvement in that direction and giving

442
00:20:30,040 --> 00:20:33,720
Speaker 1: workers more power and a more even landscape. That's great,

443
00:20:33,880 --> 00:20:37,440
Speaker 1: But again that doesn't hit immediately for the majority of

444
00:20:37,480 --> 00:20:41,160
Speaker 1: Americans right now. And second of all, some of the

445
00:20:41,200 --> 00:20:45,080
Speaker 1: you know, industrial policy that could pay dividends longer term,

446
00:20:45,440 --> 00:20:47,919
Speaker 1: but in the short term may even have negative impacts

447
00:20:47,960 --> 00:20:52,160
Speaker 1: on Americans. So some of the medium to long term agenda, yeah,

448
00:20:52,160 --> 00:20:54,680
Speaker 1: I think is good, and I think, you know, we'll

449
00:20:54,720 --> 00:20:57,240
Speaker 1: pay off if it's pursued over the long term, although

450
00:20:57,280 --> 00:21:00,480
Speaker 1: I don't think it's enough. But the short term micro

451
00:21:00,600 --> 00:21:04,320
Speaker 1: picture was completely abandoned and ignored, such that when you

452
00:21:04,320 --> 00:21:06,520
Speaker 1: look at people's bank accounts, when we look at the

453
00:21:06,560 --> 00:21:08,560
Speaker 1: net worth chart that you were showing before Soccer, it's

454
00:21:08,600 --> 00:21:10,960
Speaker 1: really clear. And then of course you add on top

455
00:21:11,000 --> 00:21:14,000
Speaker 1: of that inflation. Now, the argument in the beginning was, oh,

456
00:21:14,040 --> 00:21:16,639
Speaker 1: the inflation is one hundred percent because of these social

457
00:21:16,680 --> 00:21:19,240
Speaker 1: safety net programs over COVID, Well, we now know that

458
00:21:19,320 --> 00:21:22,080
Speaker 1: just wasn't true. There may have been some contrivers. I'm

459
00:21:22,080 --> 00:21:24,560
Speaker 1: not going to say that was absolutely irrelevant, but you

460
00:21:24,640 --> 00:21:27,640
Speaker 1: had a number of other stories that were far more important.

461
00:21:27,760 --> 00:21:30,800
Speaker 1: One supply chain issues and two corporate greed. Great inflation.

462
00:21:31,119 --> 00:21:33,119
Speaker 1: We now know there was a price fixing scandal in

463
00:21:33,160 --> 00:21:35,080
Speaker 1: the oil industry. Why aren't they talking about that? Why

464
00:21:35,080 --> 00:21:37,119
Speaker 1: aren't they talking about that? And there's a lot of

465
00:21:37,160 --> 00:21:41,320
Speaker 1: tools that the president could use to go after that,

466
00:21:41,359 --> 00:21:43,680
Speaker 1: and there's a lot of rhetorical tools using the bully

467
00:21:43,680 --> 00:21:47,080
Speaker 1: pulpit to talk about that, but they don't. So people

468
00:21:47,200 --> 00:21:51,440
Speaker 1: are just left with the understandable and clear cut impression

469
00:21:51,520 --> 00:21:54,280
Speaker 1: that this administration has failed them economically and they're just

470
00:21:54,280 --> 00:21:55,200
Speaker 1: not wrong, yeah, and.

471
00:21:55,119 --> 00:21:57,000
Speaker 2: That they care more about other countries than they do

472
00:21:57,040 --> 00:21:59,600
Speaker 2: are yeah, which I think is true true.

473
00:21:59,440 --> 00:21:59,800
Speaker 3: At this point.

474
00:22:00,760 --> 00:22:03,920
Speaker 1: The fair thing to say about that is that's clearly

475
00:22:04,000 --> 00:22:05,600
Speaker 1: both parties, right.

476
00:22:05,880 --> 00:22:07,360
Speaker 4: But this is the guy who's in the White Office

477
00:22:07,440 --> 00:22:08,720
Speaker 4: right now. So what are you gonna do?

478
00:22:08,840 --> 00:22:10,359
Speaker 3: I have this great thing in front of me.

479
00:22:10,400 --> 00:22:12,280
Speaker 2: It just came out this morning from Gallup and it

480
00:22:12,359 --> 00:22:14,680
Speaker 2: is the percent change in the number of people from

481
00:22:14,680 --> 00:22:17,080
Speaker 2: Biden in twenty twenty who said can manage the government

482
00:22:17,119 --> 00:22:20,399
Speaker 2: effectively to today. In twenty twenty, it was fifty two percent.

483
00:22:20,400 --> 00:22:23,040
Speaker 2: Today it's thirty nine, So a minus thirteen point difference

484
00:22:23,280 --> 00:22:25,280
Speaker 2: in terms of people who think that the government can

485
00:22:25,280 --> 00:22:26,320
Speaker 2: be managed effectively.

486
00:22:26,359 --> 00:22:26,680
Speaker 3: For Trump.

487
00:22:26,720 --> 00:22:28,560
Speaker 2: Trump is actually up by a single point now. He

488
00:22:28,600 --> 00:22:31,640
Speaker 2: was at forty eight percent in twenty Twenty's up now

489
00:22:31,680 --> 00:22:34,080
Speaker 2: to forty nine, so he's had no net drop while

490
00:22:34,240 --> 00:22:37,120
Speaker 2: Biden has had a thirteen percent drop. He's also had

491
00:22:37,119 --> 00:22:39,320
Speaker 2: a drop in several of the areas which matter a

492
00:22:39,400 --> 00:22:42,439
Speaker 2: lot to him. Is likable minus nine displays good judgment

493
00:22:42,440 --> 00:22:45,240
Speaker 2: in a crisis. Minus nine is strong and decisive leader.

494
00:22:45,400 --> 00:22:48,439
Speaker 2: Minus eight cares about people like me. Minus seven is

495
00:22:48,520 --> 00:22:49,520
Speaker 2: honest and trustworthy.

496
00:22:49,640 --> 00:22:50,240
Speaker 3: Minus six.

497
00:22:50,400 --> 00:22:53,600
Speaker 2: Trump is basically static on all of those. He's only

498
00:22:53,680 --> 00:22:56,440
Speaker 2: changed on cares about people like you, and is honest

499
00:22:56,440 --> 00:22:58,479
Speaker 2: and trustworthy, which, hey, you know, I don't think he's

500
00:22:58,520 --> 00:22:59,200
Speaker 2: ever going to win either.

501
00:22:59,280 --> 00:23:00,440
Speaker 3: That's getting a bright Yeah.

502
00:23:00,480 --> 00:23:02,840
Speaker 1: Well, your point is one that we brought up before

503
00:23:03,280 --> 00:23:06,639
Speaker 1: in terms of people tend to think of like, okay,

504
00:23:06,680 --> 00:23:09,000
Speaker 1: well what's dragging bi and down? Is it the economy

505
00:23:09,640 --> 00:23:13,719
Speaker 1: or is it the you know, Ukraine, Gaza, unconditional support

506
00:23:13,720 --> 00:23:14,320
Speaker 1: for Israel.

507
00:23:14,440 --> 00:23:15,760
Speaker 4: And I've come to think those.

508
00:23:15,640 --> 00:23:18,240
Speaker 1: Two things are much much more linked than is typically

509
00:23:18,280 --> 00:23:21,359
Speaker 1: understood because number one on the attributes you're talking about,

510
00:23:21,400 --> 00:23:23,359
Speaker 1: you know, part of why people don't think he's like

511
00:23:23,480 --> 00:23:26,200
Speaker 1: caring and compassion anymore is because they see this endless

512
00:23:26,280 --> 00:23:28,720
Speaker 1: slaughter that he's funding and fueling and shipping bombs to

513
00:23:28,840 --> 00:23:31,560
Speaker 1: et cetera. But also that sense, and I think this

514
00:23:31,720 --> 00:23:35,760
Speaker 1: is the most normy and very real and very like

515
00:23:35,920 --> 00:23:39,880
Speaker 1: legitimate reaction, which is, we see where your priorities lie,

516
00:23:39,880 --> 00:23:42,040
Speaker 1: we see where you're sending money, we see where your

517
00:23:42,040 --> 00:23:42,600
Speaker 1: focus is.

518
00:23:42,960 --> 00:23:43,560
Speaker 4: We see the.

519
00:23:43,520 --> 00:23:46,800
Speaker 1: Way that you're, you know, marshaling all the resources for

520
00:23:46,920 --> 00:23:48,080
Speaker 1: this country that.

521
00:23:48,400 --> 00:23:49,200
Speaker 4: We don't live in.

522
00:23:49,320 --> 00:23:52,560
Speaker 1: And meanwhile, I'm telling you I'm struggling and you're doing

523
00:23:52,600 --> 00:23:57,000
Speaker 1: nothing about it. So those two things are really tied together.

524
00:23:57,359 --> 00:24:01,359
Speaker 1: This sense however you feel, however these voters feel about

525
00:24:01,440 --> 00:24:05,440
Speaker 1: Israel and Gaza, etc. The sense of you care more

526
00:24:05,480 --> 00:24:08,119
Speaker 1: about that than you do about me, I think is

527
00:24:08,520 --> 00:24:09,160
Speaker 1: I think it's real.

528
00:24:09,200 --> 00:24:10,920
Speaker 4: I think it's legitimate. I think they're correct.

529
00:24:11,119 --> 00:24:13,600
Speaker 1: It's hard to it's honestly hard to deny when you

530
00:24:13,680 --> 00:24:17,560
Speaker 1: hear the like visceral emotional language, even that Biden uses

531
00:24:18,600 --> 00:24:21,320
Speaker 1: horrors were committed on October seventh, like people deserve to

532
00:24:21,359 --> 00:24:23,880
Speaker 1: be humanized. I'm not saying that, but where's that same

533
00:24:24,000 --> 00:24:28,040
Speaker 1: visceral emotional language when it comes to Americans who are

534
00:24:28,119 --> 00:24:30,240
Speaker 1: struggling and are looking at this and are like, that's

535
00:24:30,320 --> 00:24:32,200
Speaker 1: great that you care about them, but like, how about

536
00:24:32,200 --> 00:24:33,680
Speaker 1: a little bit of that for me, and how about

537
00:24:33,720 --> 00:24:36,359
Speaker 1: fighting for me in the same way you fight to

538
00:24:36,400 --> 00:24:38,920
Speaker 1: ship two thousand pound bombs to you know, carpa bomb

539
00:24:38,920 --> 00:24:39,719
Speaker 1: babies in Gaza.

540
00:24:39,800 --> 00:24:41,280
Speaker 3: Just this morning, new report out.

541
00:24:42,320 --> 00:24:45,159
Speaker 2: Anthony Blinkoln, Secretary of State, just returned from Kiev in

542
00:24:45,280 --> 00:24:48,480
Speaker 2: tears over what he saw in Kiev, as we have

543
00:24:48,640 --> 00:24:52,640
Speaker 2: watched basically an entire rollback of the Ukrainian counter offensive.

544
00:24:52,640 --> 00:24:54,560
Speaker 2: The Russians, by the way, just if anybody's tracking it,

545
00:24:54,680 --> 00:24:57,760
Speaker 2: now taken more territory than the Ukrainian counter offensive in

546
00:24:57,880 --> 00:24:59,359
Speaker 2: just the last couple of months. And he's like, you

547
00:24:59,400 --> 00:25:01,560
Speaker 2: know what, now we got to use US weapons to

548
00:25:01,600 --> 00:25:04,600
Speaker 2: strike inside of That's to the emotion part, that's what

549
00:25:04,640 --> 00:25:07,240
Speaker 2: they care about. They care more about the integrity of

550
00:25:07,280 --> 00:25:10,280
Speaker 2: Eastern Ukraine than your ability to buy groceries.

551
00:25:10,320 --> 00:25:12,479
Speaker 3: And you can call that, you know, rhetorical.

552
00:25:12,000 --> 00:25:13,560
Speaker 2: And all that, but I don't know how you can't

553
00:25:13,560 --> 00:25:15,480
Speaker 2: look at the policy and not say it's true.

554
00:25:15,800 --> 00:25:17,320
Speaker 3: And more and more people are feeling it.

555
00:25:19,560 --> 00:25:21,920
Speaker 2: We always love these segments, you know, over at the

556
00:25:22,040 --> 00:25:24,800
Speaker 2: view they're trying to grapple with some of the things

557
00:25:24,800 --> 00:25:25,879
Speaker 2: that are happening in the country.

558
00:25:25,960 --> 00:25:28,639
Speaker 3: Charlemagne comes on and previously we covered this.

559
00:25:28,760 --> 00:25:31,199
Speaker 2: He's before he said I'm not going to endorse Biden

560
00:25:31,440 --> 00:25:33,879
Speaker 2: this time around. I don't like either candidates and he

561
00:25:33,920 --> 00:25:36,719
Speaker 2: really gets read the Riot Act by Sonny Houstin and

562
00:25:36,840 --> 00:25:38,840
Speaker 2: it's a very revealing episode between the two.

563
00:25:39,000 --> 00:25:39,800
Speaker 3: Let's take a listen.

564
00:25:40,080 --> 00:25:43,440
Speaker 6: Let's get real. Now. You have a massive platform reaching

565
00:25:43,520 --> 00:25:45,760
Speaker 6: millions of listeners, and you and I talked about this

566
00:25:45,880 --> 00:25:49,480
Speaker 6: before you endorsed Joe Biden back in twenty twenty, but

567
00:25:49,600 --> 00:25:52,359
Speaker 6: this time around you say you're not going to endorse anybody.

568
00:25:52,480 --> 00:25:53,000
Speaker 3: Charlemagne.

569
00:25:53,080 --> 00:25:55,080
Speaker 6: Now is not the time, in my opinion, to set

570
00:25:55,119 --> 00:25:55,760
Speaker 6: this one out.

571
00:25:55,880 --> 00:25:57,320
Speaker 3: Yeah, I just say that.

572
00:25:57,359 --> 00:25:58,880
Speaker 7: I never said I was sending it out. Now, what's

573
00:25:58,880 --> 00:26:01,399
Speaker 7: You're going to definitely voting in November. But what I

574
00:26:01,480 --> 00:26:04,640
Speaker 7: like to focus on is issues, not individuals, like you.

575
00:26:04,600 --> 00:26:07,679
Speaker 3: Know when you why not endorse huh? Why not endorse Biden?

576
00:26:08,040 --> 00:26:10,439
Speaker 7: Because if I'm sitting here telling my listeners that, you know,

577
00:26:10,480 --> 00:26:13,159
Speaker 7: you have somebody out there who is a threat to democracy.

578
00:26:13,200 --> 00:26:15,200
Speaker 7: You have somebody out there who said they want to,

579
00:26:15,359 --> 00:26:17,800
Speaker 7: you know, suspend the constitution to overthrow the results of

580
00:26:17,800 --> 00:26:20,080
Speaker 7: an election. You saw this person, you know, try to

581
00:26:20,160 --> 00:26:22,480
Speaker 7: lead an attempted coup of this country, and I'm telling

582
00:26:22,480 --> 00:26:24,280
Speaker 7: people that this guy is a threat of democracy. Have

583
00:26:24,280 --> 00:26:27,000
Speaker 7: you ever read Project twenty five. There's only two candidates

584
00:26:27,040 --> 00:26:30,000
Speaker 7: out there, So if I'm saying that about this individual,

585
00:26:30,520 --> 00:26:31,640
Speaker 7: the choice is clear, right.

586
00:26:31,720 --> 00:26:34,080
Speaker 8: But one of the things that we've been talking about

587
00:26:34,400 --> 00:26:39,000
Speaker 8: is the fact that getting facts out through the media

588
00:26:39,600 --> 00:26:42,200
Speaker 8: has been very seems to be very difficult.

589
00:26:41,800 --> 00:26:44,840
Speaker 4: Because I feel like facts, yeah, yes, but.

590
00:26:45,520 --> 00:26:47,440
Speaker 3: We need you to do it on ashot.

591
00:26:47,000 --> 00:26:48,880
Speaker 7: Well, I think, well, the reality is I think both

592
00:26:48,920 --> 00:26:52,240
Speaker 7: candidates are trash. So because I'm but I am going

593
00:26:52,280 --> 00:26:54,159
Speaker 7: to vote in November, and I'm going to vote my

594
00:26:54,160 --> 00:26:55,840
Speaker 7: best interest, and I'm going to vote who I think,

595
00:26:56,040 --> 00:26:58,400
Speaker 7: you know, can preserve democracy. So if I think both

596
00:26:58,400 --> 00:27:00,280
Speaker 7: candidates are trash and I don't feel like, you know,

597
00:27:00,480 --> 00:27:02,919
Speaker 7: endorsing one, would you rather be endorse an individual or

598
00:27:03,000 --> 00:27:04,719
Speaker 7: endorse the fact that, hey, we need to go out

599
00:27:04,760 --> 00:27:06,520
Speaker 7: here and protect democracy. And you know, when you look

600
00:27:06,560 --> 00:27:08,760
Speaker 7: at somebody like President Biden feels like his base is

601
00:27:08,760 --> 00:27:11,200
Speaker 7: pretty pissed off at him for a number now.

602
00:27:11,240 --> 00:27:11,880
Speaker 3: Help him out?

603
00:27:12,160 --> 00:27:14,080
Speaker 4: Well, no, I actually.

604
00:27:15,400 --> 00:27:18,200
Speaker 7: The form of you know, first lady called a play

605
00:27:18,200 --> 00:27:20,200
Speaker 7: one time and she said, you know, when they go low,

606
00:27:20,640 --> 00:27:22,800
Speaker 7: we go high. I think you got to rip that

607
00:27:22,840 --> 00:27:24,800
Speaker 7: play up when they go low, you got to take

608
00:27:24,800 --> 00:27:25,199
Speaker 7: it to the PA.

609
00:27:25,600 --> 00:27:27,520
Speaker 2: All right, So there we go, he says, both candidates

610
00:27:27,560 --> 00:27:30,479
Speaker 2: are now clearly he's liberally he's going to vote for Biden.

611
00:27:30,560 --> 00:27:33,440
Speaker 2: But it's funny too because on that one he basically

612
00:27:33,480 --> 00:27:35,080
Speaker 2: says it. He's like, look, it's only two you know,

613
00:27:35,080 --> 00:27:37,040
Speaker 2: I'm gonna say he's basically making a lesser of two

614
00:27:37,080 --> 00:27:39,199
Speaker 2: evils argument. Fine, whatever, It's like, why is that not

615
00:27:39,359 --> 00:27:41,840
Speaker 2: enough for you? They still can't even take that. They're like,

616
00:27:41,880 --> 00:27:45,000
Speaker 2: you must bow before the gods, and you must pledge

617
00:27:45,119 --> 00:27:47,119
Speaker 2: your fealty and put up your sword and be like,

618
00:27:47,160 --> 00:27:50,520
Speaker 2: I am for you, President Biden. It's one of those

619
00:27:50,560 --> 00:27:53,040
Speaker 2: where if you always those ladies are like, all right, whatever,

620
00:27:53,040 --> 00:27:54,600
Speaker 2: it sounds like you're gonna bo for Biden. So you know,

621
00:27:54,640 --> 00:27:56,680
Speaker 2: we'll take it, like is that what you're saying? He'll

622
00:27:56,680 --> 00:27:59,400
Speaker 2: try and dodge around it and move on. But it's

623
00:27:59,480 --> 00:28:00,280
Speaker 2: just not enough them.

624
00:28:00,680 --> 00:28:01,720
Speaker 3: I don't get it. Well.

625
00:28:01,840 --> 00:28:04,520
Speaker 1: It's also like the focus on haranguing people who they

626
00:28:04,560 --> 00:28:07,080
Speaker 1: don't think are like, you know, towing the line hard

627
00:28:07,200 --> 00:28:13,720
Speaker 1: enough over maybe harangue the Biden administration over their policy failures.

628
00:28:13,760 --> 00:28:16,399
Speaker 1: That have led to people abandoning them in droves. Maybe

629
00:28:16,440 --> 00:28:18,120
Speaker 1: do a little bit of that, but we don't really

630
00:28:18,119 --> 00:28:23,320
Speaker 1: see that. And there's a difference between saying, listen, this

631
00:28:23,359 --> 00:28:26,560
Speaker 1: is how I'm going to vote for, but you look

632
00:28:26,600 --> 00:28:29,359
Speaker 1: at the landscape and make your own choices and saying,

633
00:28:29,800 --> 00:28:32,320
Speaker 1: I am not only voting for Joe Biden, but I

634
00:28:32,359 --> 00:28:35,119
Speaker 1: am advocating that you do so, and here's why. And

635
00:28:35,240 --> 00:28:38,800
Speaker 1: I'm using my own credibility, which Charlotte Mane obviously has

636
00:28:39,040 --> 00:28:41,680
Speaker 1: a lot of credibility, especially you know with his audience.

637
00:28:42,000 --> 00:28:44,160
Speaker 1: I'm putting my credibility on the line to say it

638
00:28:44,240 --> 00:28:46,320
Speaker 1: is worth it for you to get off the couch

639
00:28:46,360 --> 00:28:48,440
Speaker 1: and go out and support this candidate, that it's going

640
00:28:48,520 --> 00:28:51,840
Speaker 1: to matter for you. And when he explained why he

641
00:28:51,960 --> 00:28:55,600
Speaker 1: wasn't endorsing this time around, he said, basically, he felt

642
00:28:55,640 --> 00:28:58,960
Speaker 1: like he got burned, like things were promised that didn't

643
00:28:59,000 --> 00:29:02,520
Speaker 1: come through, that there was no fight even to try

644
00:29:02,560 --> 00:29:05,600
Speaker 1: to because everyone can understand like politics is, you can't

645
00:29:05,600 --> 00:29:07,959
Speaker 1: just snap your fingers and get everything done. We get that,

646
00:29:08,440 --> 00:29:10,640
Speaker 1: but he felt like there wasn't even a fight to

647
00:29:10,720 --> 00:29:13,360
Speaker 1: get done many of the things that were promised. So

648
00:29:13,400 --> 00:29:15,880
Speaker 1: I think It's very understandable then to say, listen, I'm

649
00:29:15,880 --> 00:29:18,000
Speaker 1: not going to do I put my credibility on the

650
00:29:18,000 --> 00:29:18,800
Speaker 1: line for you last night.

651
00:29:18,840 --> 00:29:19,960
Speaker 4: I'm not going to do that again.

652
00:29:19,760 --> 00:29:22,200
Speaker 1: Because I don't think you deserve it. So I do

653
00:29:22,280 --> 00:29:25,800
Speaker 1: think there's a big distinction between listen, this is who

654
00:29:25,800 --> 00:29:28,680
Speaker 1: I'm voting for. You guys make up your own minds,

655
00:29:28,760 --> 00:29:33,400
Speaker 1: and actively advocating for one candidate. So you know, the

656
00:29:33,440 --> 00:29:37,120
Speaker 1: fact that they can't even wrap their minds around not

657
00:29:37,320 --> 00:29:42,280
Speaker 1: aggressively advocating for Joe Biden at this moment is is

658
00:29:42,360 --> 00:29:46,280
Speaker 1: very revealing of how narrow and cramped the conversation.

659
00:29:45,880 --> 00:29:46,520
Speaker 3: Is on that show.

660
00:29:46,720 --> 00:29:49,120
Speaker 2: No, you're right, and that's and also, yeah, what's Alyssa

661
00:29:49,160 --> 00:29:50,960
Speaker 2: fair doing over They're just sitting in the corner like

662
00:29:51,000 --> 00:29:53,800
Speaker 2: you're supposed to actually have some sort of She's.

663
00:29:53,600 --> 00:29:54,360
Speaker 4: So meek on that.

664
00:29:54,680 --> 00:29:56,800
Speaker 1: I feel like everything she says comes with like a

665
00:29:56,800 --> 00:29:59,360
Speaker 1: tone of apology.

666
00:29:59,520 --> 00:30:02,040
Speaker 2: Hope money, he's worth it. I hope it is all right.

667
00:30:02,160 --> 00:30:04,320
Speaker 2: Let's go to the next part. Red Lobster. So there's

668
00:30:04,360 --> 00:30:06,000
Speaker 2: some may a couple that we got to do over

669
00:30:06,040 --> 00:30:09,880
Speaker 2: here because we fell for red lobster propaganda.

670
00:30:10,000 --> 00:30:11,959
Speaker 3: Now, I will say there were some inklings of that.

671
00:30:12,040 --> 00:30:14,120
Speaker 2: But this was according to the financials that were released

672
00:30:14,280 --> 00:30:17,760
Speaker 2: by the company before their Chapter eleven bankruptcy. But now

673
00:30:17,760 --> 00:30:20,760
Speaker 2: that we actually have access to the financial documents, something

674
00:30:20,840 --> 00:30:23,760
Speaker 2: is very very clear. It's not Endless Shrimp that killed them.

675
00:30:23,840 --> 00:30:26,160
Speaker 2: It was private equity that destroyed them. Let's put this

676
00:30:26,240 --> 00:30:29,400
Speaker 2: up there on the screen. Great report from the American

677
00:30:29,480 --> 00:30:34,240
Speaker 2: Prospect where they write specifically how several observers have attributed

678
00:30:34,280 --> 00:30:37,120
Speaker 2: to this to Endless Shrimp promotional deal, which the company

679
00:30:37,120 --> 00:30:39,600
Speaker 2: had hoped it might have been a hit, but broadly speaking,

680
00:30:39,640 --> 00:30:41,760
Speaker 2: the deal was a disaster that had raised costs for

681
00:30:41,800 --> 00:30:46,160
Speaker 2: individual restaurants without compensating increase in revenue. The company's current

682
00:30:46,240 --> 00:30:49,040
Speaker 2: management are eager to pin its demise on Endless Shrimp,

683
00:30:49,200 --> 00:30:52,440
Speaker 2: which totaled eleven million dollars in losses, but upon filing

684
00:30:52,440 --> 00:30:56,200
Speaker 2: for bankruptcy, they also launched an internal investigation where in

685
00:30:56,240 --> 00:30:59,640
Speaker 2: their majority shareholder, Thai Union Group, who is there also

686
00:30:59,720 --> 00:31:04,480
Speaker 2: their main seafood supplier. So it appears crystal that actually

687
00:31:04,520 --> 00:31:07,400
Speaker 2: what happened is that this private equity giant in this

688
00:31:07,520 --> 00:31:12,520
Speaker 2: new group, Tie Union, was dumping excess product into Red

689
00:31:12,560 --> 00:31:18,080
Speaker 2: Lobster via Endless Shrimp basically bilking and destroying the company with.

690
00:31:18,120 --> 00:31:19,240
Speaker 3: Private equity rating.

691
00:31:19,560 --> 00:31:22,600
Speaker 2: They talk here about how they sold off huge parts

692
00:31:22,600 --> 00:31:26,400
Speaker 2: of its most important assets, totaling some one point five billion,

693
00:31:26,720 --> 00:31:30,360
Speaker 2: and that financially they basically did what all private equity

694
00:31:30,400 --> 00:31:33,640
Speaker 2: raiders do. You come in, you sell off anything that

695
00:31:33,680 --> 00:31:36,280
Speaker 2: you possibly can in terms of profit, You pay yourselves

696
00:31:36,600 --> 00:31:37,760
Speaker 2: nice big bonuses.

697
00:31:38,120 --> 00:31:40,160
Speaker 3: Then it's a bust out operation.

698
00:31:40,480 --> 00:31:42,480
Speaker 2: You saddle it with a bunch of debt and with

699
00:31:42,480 --> 00:31:44,719
Speaker 2: a bunch of costs that it can't possibly make, and

700
00:31:44,760 --> 00:31:47,680
Speaker 2: you drive the company into bankruptcy. And it is now

701
00:31:47,760 --> 00:31:51,040
Speaker 2: very clear from all of the details in here specifically

702
00:31:51,040 --> 00:31:54,760
Speaker 2: that the endless Shrimp promotion was actually a front by

703
00:31:54,760 --> 00:31:58,560
Speaker 2: the majority investor group to dump excess products, all while

704
00:31:58,600 --> 00:32:01,080
Speaker 2: stripping the company for everything that is not strapped down

705
00:32:01,080 --> 00:32:03,160
Speaker 2: to the floor. And of course, you know, the people

706
00:32:03,200 --> 00:32:06,320
Speaker 2: who suffer are the employees. You know, like I said previously,

707
00:32:06,400 --> 00:32:10,920
Speaker 2: people were abruptly told at fifty something red Lobster locations

708
00:32:10,960 --> 00:32:12,640
Speaker 2: just the day of the like, hey, every single person

709
00:32:12,640 --> 00:32:13,160
Speaker 2: here is fired.

710
00:32:13,280 --> 00:32:15,040
Speaker 3: Yeah, and they're completely screwed.

711
00:32:15,240 --> 00:32:17,880
Speaker 2: And so this is much more a tale of corporate

712
00:32:17,920 --> 00:32:20,120
Speaker 2: greed into the way that private equity works in our

713
00:32:20,120 --> 00:32:22,760
Speaker 2: economy than endless shrimp. It turns out dless shrimp was

714
00:32:22,800 --> 00:32:25,880
Speaker 2: just the front that they wanted people to believe. Whenever

715
00:32:25,920 --> 00:32:28,560
Speaker 2: we dig deeper, it is a much more complex story.

716
00:32:28,760 --> 00:32:31,880
Speaker 1: Endless strimp costs them like eleven million dollars. I was thinking, like, jeez,

717
00:32:31,920 --> 00:32:34,080
Speaker 1: they must have been really hard about eleven million dollars

718
00:32:34,120 --> 00:32:36,160
Speaker 1: star putting them under. I mean, obviously that's a lot

719
00:32:36,160 --> 00:32:38,360
Speaker 1: of money for a regular person. For a gigantic corporation,

720
00:32:38,520 --> 00:32:40,920
Speaker 1: you think that's like a little blip. Turns out that's right.

721
00:32:41,200 --> 00:32:44,560
Speaker 1: They already are in for like eleven million dollars just

722
00:32:44,600 --> 00:32:47,560
Speaker 1: in the bankruptcy legal fees. To give you a sense

723
00:32:47,600 --> 00:32:50,959
Speaker 1: of the scale here. No, there's there's a long story.

724
00:32:51,000 --> 00:32:53,520
Speaker 1: There's there's a lot of villains in this story. The

725
00:32:53,520 --> 00:32:59,200
Speaker 1: first blow for Red Lobster comes when the fishing industry consolidates,

726
00:32:59,360 --> 00:33:03,240
Speaker 1: and you have similar types of monopoly consolidation in the

727
00:33:03,240 --> 00:33:05,960
Speaker 1: fishing industries you see in a lot of industries. And

728
00:33:06,000 --> 00:33:08,320
Speaker 1: there's a backstory to how that happened. There was some

729
00:33:08,400 --> 00:33:12,040
Speaker 1: government action that was intended to combat over fishing that

730
00:33:12,120 --> 00:33:15,440
Speaker 1: had a very deleterious effect on the industry because of

731
00:33:15,440 --> 00:33:17,560
Speaker 1: the way they went about it. In any case, you

732
00:33:17,680 --> 00:33:20,320
Speaker 1: have this massive consolidation and then monopolies.

733
00:33:19,920 --> 00:33:22,600
Speaker 4: Do what they do, they jack up prices. Well, for

734
00:33:22,640 --> 00:33:24,680
Speaker 4: Red Lobster, the whole key to their.

735
00:33:24,600 --> 00:33:28,080
Speaker 1: Business model is being able to buy seafood through their

736
00:33:28,120 --> 00:33:32,320
Speaker 1: mass purchasing power at relatively low cost and sell it

737
00:33:32,360 --> 00:33:35,400
Speaker 1: to their customers at a cost that is reasonable and

738
00:33:35,440 --> 00:33:37,640
Speaker 1: affordable to them, and being able to do that at

739
00:33:37,680 --> 00:33:39,680
Speaker 1: scale so that you can make enough.

740
00:33:39,440 --> 00:33:40,240
Speaker 4: That it works.

741
00:33:40,640 --> 00:33:43,240
Speaker 1: So when the costs of the fish, the seafood itself

742
00:33:43,320 --> 00:33:45,400
Speaker 1: started to go up, they got in trouble. And it

743
00:33:45,440 --> 00:33:48,440
Speaker 1: was Darden Restaurant Group that was the original founder and owner.

744
00:33:48,840 --> 00:33:52,080
Speaker 1: So when they get into trouble, what do they do.

745
00:33:52,120 --> 00:33:56,520
Speaker 1: They sell to Golden Gate Capital, giant private equity firm.

746
00:33:56,640 --> 00:33:58,920
Speaker 1: That's when things really start to go sideways. And that

747
00:33:58,960 --> 00:34:02,920
Speaker 1: happened in twenty fourteen. And the big problem here was

748
00:34:03,160 --> 00:34:06,320
Speaker 1: that they did what has apparently become very common with

749
00:34:06,400 --> 00:34:09,480
Speaker 1: these private equity plays, is that they sold off all

750
00:34:09,520 --> 00:34:12,000
Speaker 1: of the Red Lobster real estate out from under them.

751
00:34:12,680 --> 00:34:16,160
Speaker 1: What that means and then they're, you know, Red Lobster,

752
00:34:16,239 --> 00:34:19,520
Speaker 1: the restaurant locations are having to lease it back at

753
00:34:19,520 --> 00:34:22,279
Speaker 1: these high rates that even when the market goes down

754
00:34:22,320 --> 00:34:25,000
Speaker 1: and rents are going down, they're still locked in at

755
00:34:25,040 --> 00:34:28,799
Speaker 1: these higher prices, and that was really the thing that

756
00:34:29,000 --> 00:34:32,000
Speaker 1: started to kill them. Then you had this other side

757
00:34:32,000 --> 00:34:34,560
Speaker 1: story with Tai Union comes in and buy some share

758
00:34:34,640 --> 00:34:37,600
Speaker 1: and there there's a conflict of interest there because they're

759
00:34:37,640 --> 00:34:40,279
Speaker 1: the shroop supplier, and so Asaga was saying, they're trying

760
00:34:40,320 --> 00:34:42,920
Speaker 1: to dunk their excess product, and there looks like they're

761
00:34:43,000 --> 00:34:45,200
Speaker 1: jacketing up the prices on Red Lobster too to try

762
00:34:45,200 --> 00:34:47,360
Speaker 1: to squeeze every penny that it's worth out of it.

763
00:34:47,760 --> 00:34:51,560
Speaker 1: But the big story here is about corporate rating and

764
00:34:51,800 --> 00:34:55,200
Speaker 1: the fact that you know, these bad decisions were made

765
00:34:55,680 --> 00:34:58,919
Speaker 1: so that the private equity company and their shareholders could

766
00:34:58,920 --> 00:35:01,200
Speaker 1: get paid off in the show short term, but at

767
00:35:01,200 --> 00:35:04,560
Speaker 1: the long term expense of Red Lobster making it so

768
00:35:04,600 --> 00:35:08,200
Speaker 1: that listen, it is true consumer you know, food trends

769
00:35:08,239 --> 00:35:11,920
Speaker 1: have changed, so Red Lobster probably needed to adjust their

770
00:35:11,960 --> 00:35:15,920
Speaker 1: business model, but because of this real estate deal, they

771
00:35:15,920 --> 00:35:18,759
Speaker 1: didn't have any cash or flexibility to be able to

772
00:35:18,840 --> 00:35:20,960
Speaker 1: do that and shift with the times and be able

773
00:35:21,000 --> 00:35:23,440
Speaker 1: to you know, create a restaurant experience that would really.

774
00:35:23,320 --> 00:35:24,920
Speaker 4: Fit with modern consumers.

775
00:35:25,160 --> 00:35:28,200
Speaker 1: So now we have yet another hole in the suburban

776
00:35:28,520 --> 00:35:32,440
Speaker 1: real estate landscape occupied by Red Lobster, and you know,

777
00:35:32,520 --> 00:35:35,120
Speaker 1: the workers getting screwed, and a lot of loyal customers

778
00:35:35,160 --> 00:35:37,320
Speaker 1: who still really enjoy Red Lobster are going to be

779
00:35:37,360 --> 00:35:38,840
Speaker 1: sad to see those go from their neighborhood.

780
00:35:38,840 --> 00:35:41,000
Speaker 3: Absolutely, let's put this up on the screen for example.

781
00:35:41,040 --> 00:35:43,200
Speaker 2: And this is still proliferating, you know, as we said,

782
00:35:43,239 --> 00:35:45,920
Speaker 2: because you actually have to read these financial documents to

783
00:35:46,040 --> 00:35:49,359
Speaker 2: see the true missteps. There's Red Lobster files for bankruptcy

784
00:35:49,520 --> 00:35:52,319
Speaker 2: after missteps, including All you Can Eat Shrimp. What we

785
00:35:52,360 --> 00:35:54,560
Speaker 2: now know is that it was basically rigged from the

786
00:35:54,680 --> 00:35:57,840
Speaker 2: very beginning, and that this private equity deal, this Golden

787
00:35:57,880 --> 00:36:00,600
Speaker 2: Gate company, which did some one point five billion dollar

788
00:36:00,640 --> 00:36:03,760
Speaker 2: sale lease backs artificially inflate the books of the company

789
00:36:03,800 --> 00:36:06,759
Speaker 2: on top of some restructured debt is really what killed it,

790
00:36:06,840 --> 00:36:09,840
Speaker 2: on top of greedy executives.

791
00:36:09,320 --> 00:36:10,560
Speaker 3: With All you Can Eat Shrimp.

792
00:36:10,840 --> 00:36:13,399
Speaker 2: I mean, what's really becoming clear is it's a very

793
00:36:13,440 --> 00:36:14,840
Speaker 2: convenient and it's a fun story.

794
00:36:14,840 --> 00:36:15,240
Speaker 3: Obviously.

795
00:36:15,280 --> 00:36:17,440
Speaker 2: That's why you know, I jumped on it, and I

796
00:36:17,440 --> 00:36:20,239
Speaker 2: didn't know enough, especially of the background, until you got

797
00:36:20,280 --> 00:36:22,839
Speaker 2: the full financials. Whenever you see it, you're like, oh,

798
00:36:22,840 --> 00:36:25,680
Speaker 2: this is the story of every nice place in America

799
00:36:25,760 --> 00:36:29,160
Speaker 2: that's just been wrecked over the last decade. All right, now,

800
00:36:29,480 --> 00:36:33,319
Speaker 2: two part some discussion, let's discuss let's put this up there.

801
00:36:34,200 --> 00:36:38,080
Speaker 2: So I personally viewed this with some derision. I thought

802
00:36:38,120 --> 00:36:42,040
Speaker 2: it was just another like dumbass woke MSNBC article, But

803
00:36:42,520 --> 00:36:44,160
Speaker 2: we have since learned there may be something to it.

804
00:36:44,160 --> 00:36:49,440
Speaker 2: It says why Red Lobster's downfall hits differently for black communities.

805
00:36:49,520 --> 00:36:51,439
Speaker 2: So this is an op ed there, and it says

806
00:36:51,520 --> 00:36:53,800
Speaker 2: a recent announcement, you know, blah blah blah.

807
00:36:53,880 --> 00:36:55,320
Speaker 3: Basically, it says that Bill.

808
00:36:55,160 --> 00:36:58,640
Speaker 2: Darden opened the very first Red Lobster south of Orlando, Florida,

809
00:36:58,719 --> 00:37:02,280
Speaker 2: in nineteen sixty eight after Martin Luther King Junior was assassinated,

810
00:37:02,400 --> 00:37:04,239
Speaker 2: as he had done with his first restaurant. He opened

811
00:37:04,239 --> 00:37:07,600
Speaker 2: apparently during the height of Jim Crow segregation in Georgia,

812
00:37:07,760 --> 00:37:10,480
Speaker 2: and insisted that Red Lobster always be fully integrated. So

813
00:37:10,520 --> 00:37:13,400
Speaker 2: that's a nice history of the company. But basically what

814
00:37:13,440 --> 00:37:16,800
Speaker 2: they are arguing here is that this one hits particularly

815
00:37:16,880 --> 00:37:22,239
Speaker 2: hard because, according to him, that black people like Red

816
00:37:22,280 --> 00:37:26,480
Speaker 2: Lobster more than any other racial group. Now, I will

817
00:37:26,520 --> 00:37:29,160
Speaker 2: just say I don't think that that is true, just

818
00:37:29,320 --> 00:37:32,120
Speaker 2: based on my own personal observation. It may be true

819
00:37:32,320 --> 00:37:35,000
Speaker 2: in some regional markets, but we are talking about a

820
00:37:35,040 --> 00:37:38,720
Speaker 2: restaurant with over seven hundred locations, and just where I'm from,

821
00:37:38,880 --> 00:37:41,360
Speaker 2: which is the last place I went to with Red Lobster,

822
00:37:41,520 --> 00:37:45,319
Speaker 2: it was full of everyth nast, every ethnicity that College Station,

823
00:37:45,440 --> 00:37:47,160
Speaker 2: Texas can bring to bear.

824
00:37:47,200 --> 00:37:48,759
Speaker 3: So that's all I say on the matter.

825
00:37:49,719 --> 00:37:51,560
Speaker 4: So it's so fraud because.

826
00:37:52,760 --> 00:37:55,640
Speaker 1: If you validate this particular like racial lens to the

827
00:37:55,680 --> 00:37:58,480
Speaker 1: Red Lobster thing, honestly, it's very easy to delve into

828
00:37:59,120 --> 00:38:02,400
Speaker 1: offensive racial stare. For example, let me read you this

829
00:38:02,480 --> 00:38:06,440
Speaker 1: line from the article Black consumers are among the most loyal. Sure,

830
00:38:06,840 --> 00:38:10,719
Speaker 1: we like fish and a good deal. Red LSS represented

831
00:38:10,800 --> 00:38:13,239
Speaker 1: something like the strip mall version of the beloved fish Fry.

832
00:38:13,600 --> 00:38:15,880
Speaker 1: But we like being treated equally even more. But I

833
00:38:15,920 --> 00:38:18,800
Speaker 1: will say we consulted with Colvin, who happened to be

834
00:38:18,880 --> 00:38:22,560
Speaker 1: African American member, fantastic member of our production crew, and

835
00:38:22,600 --> 00:38:26,640
Speaker 1: he said, I'm feeling this article. I agree this is

836
00:38:26,680 --> 00:38:29,760
Speaker 1: a And I will say, independent of seeing this article

837
00:38:30,080 --> 00:38:31,960
Speaker 1: in MSNBC, which of course we both saw we're like

838
00:38:32,400 --> 00:38:35,920
Speaker 1: TONBC to find some like neoliberal, identitarian racial lens to

839
00:38:35,920 --> 00:38:39,000
Speaker 1: what this story of corporate capture and greed whatever. But

840
00:38:39,239 --> 00:38:41,560
Speaker 1: I will say even before we discussed this, it was

841
00:38:41,600 --> 00:38:44,919
Speaker 1: clear that Colvin, of the whole team here was definitely taken.

842
00:38:44,960 --> 00:38:46,200
Speaker 1: The red lobster hit the hardest.

843
00:38:46,480 --> 00:38:48,239
Speaker 2: So why again, I think it's regional, which is, we

844
00:38:48,280 --> 00:38:50,680
Speaker 2: live in an area which is very black, like in

845
00:38:50,800 --> 00:38:53,040
Speaker 2: Maryland in the DMV, we have a much i think

846
00:38:53,120 --> 00:38:53,719
Speaker 2: black per cap.

847
00:38:53,960 --> 00:38:57,640
Speaker 1: There's a very large black middle class in this area too,

848
00:38:58,239 --> 00:39:00,880
Speaker 1: you know, not quite comparable to but it's similar to

849
00:39:00,920 --> 00:39:04,680
Speaker 1: like around Atlanta, Georgia. Yes, but you know, growing up here,

850
00:39:05,280 --> 00:39:09,840
Speaker 1: my personal experience comports with the article, you know, the

851
00:39:09,920 --> 00:39:11,560
Speaker 1: arguments that are being made here.

852
00:39:11,640 --> 00:39:13,160
Speaker 4: So in any case, that's what I mean.

853
00:39:13,200 --> 00:39:15,840
Speaker 2: I just think it's regional. I think I think it's America.

854
00:39:16,640 --> 00:39:19,160
Speaker 2: It's like olive Garden. You know, everybody loves alive garden.

855
00:39:19,200 --> 00:39:20,759
Speaker 3: Is the food good? No, it is a place to go,

856
00:39:20,880 --> 00:39:23,000
Speaker 3: That's it. TG Fridays.

857
00:39:23,000 --> 00:39:25,200
Speaker 1: They're not going to do the like, you know, the

858
00:39:25,440 --> 00:39:29,239
Speaker 1: the corporate reading part of the story, right they you know,

859
00:39:29,400 --> 00:39:32,160
Speaker 1: they apply their lens. But anyway, I don't know. I'm

860
00:39:32,160 --> 00:39:35,399
Speaker 1: not saying it's illegitimate. It just was a funny editor.

861
00:39:35,920 --> 00:39:38,280
Speaker 3: It's like black people love a deal. Everybody loves a deal. Okay,

862
00:39:38,280 --> 00:39:40,919
Speaker 3: I like a deal. What are you doing any people

863
00:39:40,960 --> 00:39:41,680
Speaker 3: love deals too?

864
00:39:42,000 --> 00:39:42,120
Speaker 4: Well?

865
00:39:42,160 --> 00:39:44,360
Speaker 3: You think we don't screw up some chain restaurants. It's like,

866
00:39:44,400 --> 00:39:47,200
Speaker 3: come on, man, to go to a New Jersey. Yeah,

867
00:39:47,239 --> 00:39:47,520
Speaker 3: what is it?

868
00:39:47,520 --> 00:39:50,040
Speaker 2: What's the town called Edison? Go to an Edison, New

869
00:39:50,120 --> 00:39:52,359
Speaker 2: Jersey red lobster. I bet you find some Indians in there.

870
00:39:54,840 --> 00:39:57,040
Speaker 2: Speaking of the election, head Ted Poles and all that,

871
00:39:57,080 --> 00:39:59,520
Speaker 2: what is the single only thing that could save Biden

872
00:39:59,719 --> 00:40:02,880
Speaker 2: at the point from dementia, from the economy. Its abortion,

873
00:40:03,040 --> 00:40:05,799
Speaker 2: and it is the topic of possibly birth control. Now,

874
00:40:05,840 --> 00:40:09,200
Speaker 2: Trump supposedly is supposed to know this, and yet keep

875
00:40:09,239 --> 00:40:11,279
Speaker 2: sticking his foot in his mouth every single time that

876
00:40:11,320 --> 00:40:13,960
Speaker 2: he's asked about this issue. Previously, he was asked on

877
00:40:14,040 --> 00:40:16,840
Speaker 2: a local TV interview they said, hey, are you going

878
00:40:16,880 --> 00:40:19,560
Speaker 2: to do anything about red states that want to monitor

879
00:40:19,600 --> 00:40:21,759
Speaker 2: women's pregnancies? And he said, well, we're just going to

880
00:40:21,840 --> 00:40:23,880
Speaker 2: leave it to the states. You're like what, And this

881
00:40:24,000 --> 00:40:27,200
Speaker 2: time around he's asked, are you open at all to

882
00:40:27,320 --> 00:40:28,480
Speaker 2: banning contraception?

883
00:40:28,680 --> 00:40:29,480
Speaker 3: Here's what he had to.

884
00:40:29,400 --> 00:40:31,640
Speaker 6: Say, the whole issue of contraceptives.

885
00:40:32,760 --> 00:40:36,439
Speaker 7: Do you support any restrictions on a person's right to contraception?

886
00:40:37,840 --> 00:40:39,480
Speaker 8: Well, we're looking at that, and I'm going to have

887
00:40:39,480 --> 00:40:42,399
Speaker 8: a policy on that very shortly. And I think it's

888
00:40:42,400 --> 00:40:45,800
Speaker 8: something that you'll find interesting. And i'd say it's another

889
00:40:45,840 --> 00:40:49,839
Speaker 8: issue that's very interesting, but you will. You will find it,

890
00:40:50,080 --> 00:40:51,320
Speaker 8: I think very smart.

891
00:40:52,719 --> 00:40:54,879
Speaker 3: We're looking at that and you will find it very smart.

892
00:40:54,880 --> 00:40:56,560
Speaker 3: Why don't you just say no? Next question?

893
00:40:56,640 --> 00:40:59,040
Speaker 1: Well classic, I mean, how many times have you heard

894
00:40:59,080 --> 00:41:01,759
Speaker 1: him doing this that we're going to have something that

895
00:41:01,760 --> 00:41:03,319
Speaker 1: you're really gonna love. I think you're gonna find it

896
00:41:03,400 --> 00:41:05,520
Speaker 1: very smart. Like, you just haven't thought about it. You

897
00:41:05,520 --> 00:41:08,400
Speaker 1: have no freaking clue what your position is, what you

898
00:41:08,400 --> 00:41:10,200
Speaker 1: want to say about it. So you're like, oh, we're

899
00:41:10,280 --> 00:41:11,680
Speaker 1: really looking at that very strongly.

900
00:41:11,800 --> 00:41:13,600
Speaker 3: Okay. So then he decided to walk it back. Yeah,

901
00:41:13,640 --> 00:41:14,800
Speaker 3: let's put this Heilbart on the screen.

902
00:41:15,040 --> 00:41:18,239
Speaker 2: He then posted on truth Social in all caps, I

903
00:41:18,320 --> 00:41:22,880
Speaker 2: would never advocate imposing restrictions on birth control and calls

904
00:41:22,920 --> 00:41:27,080
Speaker 2: the reports based on his interview a Democrat fabricated lie.

905
00:41:29,440 --> 00:41:32,600
Speaker 2: And this is why I'm just shocked by it. Where

906
00:41:33,080 --> 00:41:36,160
Speaker 2: in general, I trust his political instincts basically on anything

907
00:41:36,200 --> 00:41:38,680
Speaker 2: other than something he really cares about, like stop the steal.

908
00:41:38,960 --> 00:41:40,160
Speaker 3: I trust that he would.

909
00:41:39,920 --> 00:41:42,239
Speaker 2: Be smart enough not to ever say anything like this

910
00:41:42,600 --> 00:41:46,120
Speaker 2: because he's given a boon to the Biden administry. Biden

911
00:41:46,160 --> 00:41:50,480
Speaker 2: campaign immediately put this out Gavin News, every large Democratic

912
00:41:50,520 --> 00:41:53,400
Speaker 2: Twitter account. Here we have a statement from the Biden campaign.

913
00:41:53,480 --> 00:41:55,600
Speaker 2: It's not enough for Trump that women's lives we can

914
00:41:55,640 --> 00:41:57,640
Speaker 2: put at risk, Doctors being threatened with jail trime, and

915
00:41:57,680 --> 00:42:00,080
Speaker 2: extreme bands are being enacted with no exceptions for rape

916
00:42:00,280 --> 00:42:02,920
Speaker 2: or incess. He wants to rip away our freedom for

917
00:42:03,000 --> 00:42:06,040
Speaker 2: access to birth control too. And this is one where

918
00:42:06,080 --> 00:42:10,160
Speaker 2: not even the Alabama most right wing Mississippi state legislatures

919
00:42:10,360 --> 00:42:13,240
Speaker 2: and all these people are putting anything like this on

920
00:42:13,400 --> 00:42:15,880
Speaker 2: the floor. It should have been the most easy and

921
00:42:16,040 --> 00:42:19,719
Speaker 2: basic layup. I would also note that interview took place

922
00:42:19,840 --> 00:42:22,080
Speaker 2: at a CBS affiliate in Pittsburgh.

923
00:42:22,160 --> 00:42:24,040
Speaker 3: That is not the place to be.

924
00:42:24,000 --> 00:42:27,880
Speaker 2: Making comments about contraception. Considering that John Fetterman won some

925
00:42:28,000 --> 00:42:30,480
Speaker 2: five to six percent on the heels of the Row

926
00:42:30,560 --> 00:42:34,040
Speaker 2: versus Way backlash and first state wide, very clearly that

927
00:42:34,160 --> 00:42:36,600
Speaker 2: is a major issue in the state. Of Pennsylvania. It's

928
00:42:36,760 --> 00:42:38,839
Speaker 2: you know, they got popular democratic governor. You don't need

929
00:42:38,880 --> 00:42:40,120
Speaker 2: to be messing with anything like this.

930
00:42:40,480 --> 00:42:43,440
Speaker 1: Well, I mean, you say, none of these states are

931
00:42:43,480 --> 00:42:49,320
Speaker 1: considering banning versonpectively. It's not exactly true, though, because it depends,

932
00:42:49,360 --> 00:42:51,120
Speaker 1: I guess, on how you define birth control, Like do

933
00:42:51,200 --> 00:42:53,720
Speaker 1: you define the morning after pill as birth control as

934
00:42:53,920 --> 00:42:56,320
Speaker 1: many people do, And then in any of the states

935
00:42:56,360 --> 00:42:59,520
Speaker 1: where you have fetal personhood and heartbeat bills that would

936
00:42:59,560 --> 00:43:03,200
Speaker 1: be banned. I mean, it's like the similar, similar conundrum

937
00:43:03,239 --> 00:43:07,800
Speaker 1: with IVF, and so I was surprised that he hadn't

938
00:43:07,800 --> 00:43:10,480
Speaker 1: thought through what he wanted to say here. But I

939
00:43:10,480 --> 00:43:13,400
Speaker 1: think he has realized that he tried to do the

940
00:43:13,400 --> 00:43:15,279
Speaker 1: whole just like leave it up to the states, and

941
00:43:15,320 --> 00:43:17,920
Speaker 1: then the states did a bunch of crazy stuff on abortion.

942
00:43:18,440 --> 00:43:21,440
Speaker 1: So he doesn't really want to say that anymore. But

943
00:43:21,520 --> 00:43:24,400
Speaker 1: he also doesn't want to say, oh, we should codify

944
00:43:24,440 --> 00:43:27,200
Speaker 1: this at the federal level because he's not quite comfortable

945
00:43:27,239 --> 00:43:29,440
Speaker 1: with what that would mean for the Republican base and

946
00:43:29,440 --> 00:43:30,879
Speaker 1: what the implications.

947
00:43:30,320 --> 00:43:30,759
Speaker 3: Of that are.

948
00:43:30,840 --> 00:43:33,920
Speaker 1: So he just tries to dodge, but obviously, you know,

949
00:43:34,000 --> 00:43:36,399
Speaker 1: leaves the door open for it. So yeah, I mean

950
00:43:36,400 --> 00:43:38,560
Speaker 1: he's a mess on these issues, but there's also no

951
00:43:38,640 --> 00:43:40,759
Speaker 1: good place for him to be. One thing that I

952
00:43:40,800 --> 00:43:44,920
Speaker 1: thought really noteworthy in that New York Times article that

953
00:43:44,960 --> 00:43:47,800
Speaker 1: we had up is they note that in a March

954
00:43:48,000 --> 00:43:52,480
Speaker 1: poll from the Kaiser Family Foundation, which focuses on health policy,

955
00:43:52,800 --> 00:43:56,480
Speaker 1: about just under half of adults said they considered the

956
00:43:56,560 --> 00:44:00,000
Speaker 1: right to use contraception a secure right likely to remain

957
00:44:00,200 --> 00:44:03,879
Speaker 1: in place. Because listen, we know what the numbers are

958
00:44:03,880 --> 00:44:05,520
Speaker 1: going to be, and we actually have some numbers we

959
00:44:05,560 --> 00:44:07,200
Speaker 1: can put up here in a minute, we'll just hold

960
00:44:07,200 --> 00:44:11,760
Speaker 1: off on that on Obviously, birth control is overwhelmingly popular accepted.

961
00:44:11,840 --> 00:44:14,040
Speaker 1: It is a very fringe minority at this point that

962
00:44:14,040 --> 00:44:16,960
Speaker 1: says this should be banned, let alone even just like

963
00:44:17,000 --> 00:44:19,920
Speaker 1: made more difficult to access. The overwhelming majority people say

964
00:44:19,920 --> 00:44:22,080
Speaker 1: it should be easier to access.

965
00:44:22,600 --> 00:44:25,680
Speaker 4: But so that's one question. The other question is do people.

966
00:44:25,480 --> 00:44:27,319
Speaker 1: Actually feel like this is at stake or do they

967
00:44:27,400 --> 00:44:29,400
Speaker 1: just feel like this is some sort of like BS

968
00:44:29,480 --> 00:44:32,239
Speaker 1: democratic scare mongering that your rights are going to be

969
00:44:32,320 --> 00:44:34,920
Speaker 1: taken away when they don't really buy it. So it

970
00:44:34,960 --> 00:44:37,400
Speaker 1: was surprising to me that you actually have a majority

971
00:44:37,440 --> 00:44:39,520
Speaker 1: of people who say, now, I actually think this is

972
00:44:39,560 --> 00:44:41,600
Speaker 1: at risk. I actually think it's a danger that we

973
00:44:41,640 --> 00:44:44,000
Speaker 1: could end up in a situation where birth control access

974
00:44:44,120 --> 00:44:48,759
Speaker 1: is curtailed, restricted, or outright band. That's what makes these

975
00:44:48,800 --> 00:44:52,000
Speaker 1: Trump comments, you know, particularly potent, is that you have

976
00:44:52,200 --> 00:44:56,680
Speaker 1: a really unpopular position combined with an actual existing fear

977
00:44:56,760 --> 00:44:57,680
Speaker 1: among the electorate.

978
00:44:57,800 --> 00:44:58,640
Speaker 3: Yeah, no, I think you're right.

979
00:44:58,719 --> 00:45:00,560
Speaker 2: Let's put some of those numbers just to get hit

980
00:45:00,640 --> 00:45:03,360
Speaker 2: at home for everybody, and you can see it quite clearly.

981
00:45:03,400 --> 00:45:06,280
Speaker 2: I mean, this is as basically as bad as it gets,

982
00:45:06,360 --> 00:45:10,759
Speaker 2: you know, for for Republicans, the easier to people who

983
00:45:10,800 --> 00:45:13,600
Speaker 2: want birth control pills to be easier to access is

984
00:45:13,640 --> 00:45:17,759
Speaker 2: seventy four percent. More difficult access is five It is

985
00:45:17,840 --> 00:45:22,440
Speaker 2: actually less popular than banning IVF. Just so everybody understands,

986
00:45:22,680 --> 00:45:25,160
Speaker 2: including you know, it's like abortion. As you can see,

987
00:45:25,239 --> 00:45:27,520
Speaker 2: fifty one percent want easier to access. Only twenty eight

988
00:45:27,520 --> 00:45:30,040
Speaker 2: percent want more difficult to access. But twenty eight percent

989
00:45:30,080 --> 00:45:32,040
Speaker 2: is not nothing. That's you know, roughly like a fourth

990
00:45:32,200 --> 00:45:34,360
Speaker 2: or so of the country, plus or minus whatever the

991
00:45:34,400 --> 00:45:37,240
Speaker 2: margin of error is. This is basically within the margin

992
00:45:37,280 --> 00:45:40,319
Speaker 2: of error and has a easier to access net even

993
00:45:40,360 --> 00:45:43,839
Speaker 2: amongst Republicans at fifty six percent. So just again, how

994
00:45:43,880 --> 00:45:47,399
Speaker 2: everybody understands how fringe of a position this is, and

995
00:45:47,680 --> 00:45:50,560
Speaker 2: why if there is anything that's going to sink Trump,

996
00:45:50,880 --> 00:45:53,399
Speaker 2: it is going to be this issue. And coming back

997
00:45:53,440 --> 00:45:55,000
Speaker 2: to you know, I guess you know, we can add

998
00:45:55,000 --> 00:45:57,400
Speaker 2: some of our polling caveats here. Even though I do

999
00:45:57,440 --> 00:45:59,799
Speaker 2: think I would probably give the odds to Trump right now.

1000
00:46:00,280 --> 00:46:02,439
Speaker 2: Is you know, you look at these state by state poles.

1001
00:46:02,480 --> 00:46:04,399
Speaker 2: You see a state in Arizona, and you see carry

1002
00:46:04,480 --> 00:46:06,759
Speaker 2: Lake down by thirteen percent and Trump up by five

1003
00:46:07,000 --> 00:46:09,000
Speaker 2: eighteen percent of people were really going to split ticket

1004
00:46:09,280 --> 00:46:12,200
Speaker 2: eighteen percent. I don't know, man, Not in my lifetime,

1005
00:46:12,280 --> 00:46:15,279
Speaker 2: not since twenty ten, have people been splitting tickets like that.

1006
00:46:15,320 --> 00:46:17,920
Speaker 2: This whole idea of you know, oh, I like my

1007
00:46:18,000 --> 00:46:21,120
Speaker 2: local guy and the local Democrats different than the national Democrat.

1008
00:46:21,360 --> 00:46:23,680
Speaker 2: That's very gone. You know, in our politics. It's been

1009
00:46:23,719 --> 00:46:25,279
Speaker 2: a long time since anything.

1010
00:46:24,960 --> 00:46:25,440
Speaker 5: Like that happened.

1011
00:46:25,440 --> 00:46:27,200
Speaker 3: I mean, I just yeah, I don't know, I just

1012
00:46:27,200 --> 00:46:27,520
Speaker 3: want to.

1013
00:46:27,520 --> 00:46:28,279
Speaker 4: I just don't know.

1014
00:46:29,560 --> 00:46:34,240
Speaker 1: It would be a massive reversal of modern political trends,

1015
00:46:34,520 --> 00:46:38,200
Speaker 1: which started even before twenty ten, but it really started

1016
00:46:38,239 --> 00:46:41,440
Speaker 1: to consoliate in twenty ten that politics was no longer local.

1017
00:46:41,760 --> 00:46:43,200
Speaker 4: All of these like blue dog.

1018
00:46:43,000 --> 00:46:46,760
Speaker 1: Democrats who were hanging in there in these very conservative districts.

1019
00:46:46,840 --> 00:46:49,680
Speaker 1: They got wiped out because at the end of the day,

1020
00:46:49,719 --> 00:46:53,880
Speaker 1: people were like, okay, sure, like especially with some of

1021
00:46:53,920 --> 00:46:58,799
Speaker 1: the pork barrel type politics going away where it was

1022
00:46:58,840 --> 00:47:01,360
Speaker 1: no longer as easy to insert like my bridge project

1023
00:47:01,480 --> 00:47:02,120
Speaker 1: or whatever.

1024
00:47:02,280 --> 00:47:04,400
Speaker 3: In that too, they banned your marks for right decades,

1025
00:47:04,480 --> 00:47:04,879
Speaker 3: so it.

1026
00:47:04,840 --> 00:47:07,000
Speaker 1: Was, you know, less, there was less for them to

1027
00:47:07,000 --> 00:47:08,360
Speaker 1: be able to bring and be like, well, this is

1028
00:47:08,360 --> 00:47:10,839
Speaker 1: why you should vote me, even though you despise Democrats.

1029
00:47:11,000 --> 00:47:12,640
Speaker 1: People were like, yeah, but at the end of the day,

1030
00:47:12,680 --> 00:47:14,360
Speaker 1: you're voting for Nancy Pelosi for speaker.

1031
00:47:14,480 --> 00:47:16,160
Speaker 4: So sorry, I'm going with the other team.

1032
00:47:16,680 --> 00:47:19,479
Speaker 1: That has been consistently the trend fewer and fewer swing

1033
00:47:19,560 --> 00:47:23,239
Speaker 1: voters and fewer and fewer ticket splitting voters. We have

1034
00:47:23,280 --> 00:47:25,640
Speaker 1: seen a little bit of a reversal of that, like

1035
00:47:25,719 --> 00:47:28,919
Speaker 1: trend going a little bit in the opposite direction in

1036
00:47:29,000 --> 00:47:33,440
Speaker 1: the past two elections. But to have it swing that

1037
00:47:33,560 --> 00:47:35,799
Speaker 1: much where I have that many split ticket voters, and like,

1038
00:47:35,840 --> 00:47:37,120
Speaker 1: do people really feel.

1039
00:47:36,880 --> 00:47:39,520
Speaker 4: That negatively about you? I just I don't know. I

1040
00:47:39,640 --> 00:47:40,880
Speaker 4: just genuinely don't know.

1041
00:47:40,960 --> 00:47:43,520
Speaker 1: I'm trying to be extremely humble about any prognostication in

1042
00:47:43,560 --> 00:47:47,480
Speaker 1: this election cycle, because you know, the midterms, we heard

1043
00:47:47,520 --> 00:47:49,640
Speaker 1: something very similar about it was the acadomic numbers, and

1044
00:47:49,680 --> 00:47:51,440
Speaker 1: that was gonna be the big deal. I really believe that,

1045
00:47:51,480 --> 00:47:54,000
Speaker 1: because I think material politics, et ceterat. It didn't turn

1046
00:47:54,000 --> 00:47:56,200
Speaker 1: out to work out that way. Now this time you

1047
00:47:56,239 --> 00:47:57,919
Speaker 1: got Joe Biden on the top of the ticket. Maybe

1048
00:47:57,920 --> 00:48:01,839
Speaker 1: at a presidential election it's different. I just genuinely don't know.

1049
00:48:01,920 --> 00:48:03,560
Speaker 1: And then the other thing to throw into the mix,

1050
00:48:03,600 --> 00:48:06,359
Speaker 1: of course, is all of these special elections which seem

1051
00:48:06,360 --> 00:48:09,439
Speaker 1: to be going really well for the Democrats. So does

1052
00:48:09,440 --> 00:48:11,560
Speaker 1: that mean anything for Joe Biden or is that completely

1053
00:48:11,560 --> 00:48:12,520
Speaker 1: disconnected from him?

1054
00:48:12,560 --> 00:48:14,360
Speaker 4: Again? Who knows.

1055
00:48:14,880 --> 00:48:18,239
Speaker 1: But the fact that Trump tried to clean this up,

1056
00:48:18,320 --> 00:48:19,800
Speaker 1: I mean it doesn't matter at this point because he

1057
00:48:19,840 --> 00:48:21,800
Speaker 1: said the thing it can be run in ads.

1058
00:48:22,000 --> 00:48:23,120
Speaker 4: He opened the door to it.

1059
00:48:23,360 --> 00:48:26,120
Speaker 1: Democrats got everything that they wanted out of that little

1060
00:48:26,200 --> 00:48:28,400
Speaker 1: local news conversation that he had.

1061
00:48:28,520 --> 00:48:31,960
Speaker 4: So this is a strategy. Puts C three up on

1062
00:48:32,000 --> 00:48:33,479
Speaker 4: the screen, this Arris sheet.

1063
00:48:33,480 --> 00:48:35,480
Speaker 1: Democrats are trying to make everything out of this that

1064
00:48:35,480 --> 00:48:36,239
Speaker 1: they possibly can't.

1065
00:48:36,280 --> 00:48:37,200
Speaker 4: Who can blame them?

1066
00:48:37,560 --> 00:48:42,160
Speaker 1: I mean, this is very potent, very real for voters.

1067
00:48:42,960 --> 00:48:45,279
Speaker 1: They're going to hold a bunch of votes trying to

1068
00:48:45,400 --> 00:48:49,759
Speaker 1: tee up contraception as access as a campaign issue. And

1069
00:48:50,680 --> 00:48:54,640
Speaker 1: you know, Republicans do themselves no favors by they'll vote

1070
00:48:54,680 --> 00:48:57,960
Speaker 1: against this. You would think like something that literally five

1071
00:48:58,040 --> 00:49:01,640
Speaker 1: percent of the country is like, let's make contraception, contraception

1072
00:49:01,719 --> 00:49:04,560
Speaker 1: harder to access, and Republicans will vote with that five

1073
00:49:04,640 --> 00:49:08,279
Speaker 1: percent of the country. But they say, oh, well, we

1074
00:49:08,320 --> 00:49:10,480
Speaker 1: worry about what this means for you know, is this

1075
00:49:10,520 --> 00:49:12,840
Speaker 1: open the door to the morning after pill and not

1076
00:49:13,000 --> 00:49:15,600
Speaker 1: being an infringement on state rights, et cetera, et cetera.

1077
00:49:15,640 --> 00:49:18,080
Speaker 1: And they don't want to give Democrats any sort of

1078
00:49:18,080 --> 00:49:20,640
Speaker 1: a political sense of a win, so they'll vote against this,

1079
00:49:20,760 --> 00:49:24,439
Speaker 1: and Democrats will use those votes on the record to say, look,

1080
00:49:24,480 --> 00:49:27,040
Speaker 1: these people want to take away your birth control. Can

1081
00:49:27,080 --> 00:49:29,360
Speaker 1: they get people really energized around that issue?

1082
00:49:29,360 --> 00:49:30,160
Speaker 4: Do they focus on it?

1083
00:49:30,200 --> 00:49:32,279
Speaker 1: I don't know, but I mean it's a wise and

1084
00:49:32,520 --> 00:49:35,240
Speaker 1: correct political play, There's no doubt about that. I also

1085
00:49:35,280 --> 00:49:39,160
Speaker 1: say that in some states this has become relevant as well.

1086
00:49:39,160 --> 00:49:42,560
Speaker 1: In Virginia in particular, there was legislation that was passed

1087
00:49:42,719 --> 00:49:45,640
Speaker 1: through the House and the Senate to protect access to contraception,

1088
00:49:45,680 --> 00:49:49,800
Speaker 1: and the Republican governor vetoed it. So Virginia is looking

1089
00:49:49,840 --> 00:49:52,239
Speaker 1: like a swing state this time. Even though I've Biden

1090
00:49:52,280 --> 00:49:54,160
Speaker 1: won to buy ten points last time. We've got polls

1091
00:49:54,160 --> 00:49:56,239
Speaker 1: that show that it's very close. These sorts of things

1092
00:49:56,320 --> 00:49:57,359
Speaker 1: could come into play as well.

1093
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Speaker 3: Absolutely,