WEBVTT - 4/7/25: Elon Jumps Ship On Tariffs, Mass Protests Erupt, Dem Congressman Faces Off On Tariffs 0:00:00.080 --> 0:00:01.599 Hey, guys, Saga and Crystal here. 0:00:01.680 --> 0:00:05.200 Independent media just played a truly massive role in this election, 0:00:05.360 --> 0:00:07.840 and we are so excited about what that means for 0:00:07.880 --> 0:00:08.720 the future of the show. 0:00:08.880 --> 0:00:10.760 This is the only place where you can find honest 0:00:10.760 --> 0:00:13.280 perspectives from the left and the right that simply does 0:00:13.320 --> 0:00:14.680 not exist anywhere else. 0:00:14.720 --> 0:00:17.080 So if that is something that's important to you, please 0:00:17.120 --> 0:00:19.599 go to Breakingpoints dot com. Become a member today and 0:00:19.640 --> 0:00:22.800 you'll get access to our full shows, unedited, ad free, 0:00:22.800 --> 0:00:25.600 and all put together for you every morning in your inbox. 0:00:25.680 --> 0:00:27.560 We need your help to build the future of independent 0:00:27.560 --> 0:00:29.920 news media and we hope to see you at Breakingpoints 0:00:29.960 --> 0:00:36.360 dot com. Let's turn out to some internal divisions inside 0:00:36.400 --> 0:00:40.240 of the Trump administration. Elon Musk, allegedly the most powerful 0:00:40.280 --> 0:00:43.720 person who was currently in the Trump administration, is majorly 0:00:43.840 --> 0:00:47.960 counter signaling the Donald Trump tariffs. He appeared recently in 0:00:48.000 --> 0:00:51.519 an interview with respect to Europe where he has been 0:00:51.640 --> 0:00:54.240 speaking against tariffs and what he would like to see 0:00:54.320 --> 0:00:54.840 is the end goal. 0:00:55.000 --> 0:00:55.760 Let's take a listen. 0:00:56.080 --> 0:00:59.080 I'm hopeful, for example, with the tariffs that at the 0:00:59.160 --> 0:01:02.240 end of the day, I hope it is agreed that 0:01:02.800 --> 0:01:06.399 both Europe and the United States should move ideally in 0:01:06.440 --> 0:01:10.039 my view, to a zero tariff situation, effectively creating a 0:01:10.080 --> 0:01:17.080 free trade zone between Europe and North America. And that 0:01:17.400 --> 0:01:22.679 would be my That's what I hope occurs. And also 0:01:23.440 --> 0:01:26.120 more freedom of people to move between Europe and North 0:01:26.120 --> 0:01:29.360 America if they wish, if they wish to work in Europe, 0:01:29.360 --> 0:01:32.640 who wish to work in America, they should be allowed 0:01:32.680 --> 0:01:37.000 to do so in my view. So that has certainly 0:01:37.040 --> 0:01:39.040 been my advice to the president. 0:01:39.560 --> 0:01:42.919 Obviously that's not what the President has taken in terms 0:01:43.160 --> 0:01:43.920 of his advice. 0:01:43.959 --> 0:01:46.000 And Elon is now openly. 0:01:45.600 --> 0:01:49.520 At war with Peter Navarro, who is Trump's trade advisor 0:01:49.560 --> 0:01:51.960 and definitely the person where a lot of these formula 0:01:52.240 --> 0:01:53.400 and this idea came from. 0:01:53.440 --> 0:01:54.920 Put this up there on the screen just so you 0:01:54.920 --> 0:01:55.960 guys can see. 0:01:55.960 --> 0:01:58.840 So Navarro gave an interview where he was responding to 0:01:58.880 --> 0:02:02.919 some of Elon's To some of Elon's points, Elon replied, 0:02:02.960 --> 0:02:05.040 a PhD in Econ from Harvard is a bad thing, 0:02:05.080 --> 0:02:07.400 not a good thing. Results in the ego and brains 0:02:07.480 --> 0:02:11.200 are greater than problem. He replies, Navarro is one hundred 0:02:11.240 --> 0:02:14.920 percent correct, PhD or no PhD, just obsessed with trade 0:02:14.919 --> 0:02:18.120 for quite a while. Elon quote, he ain't built shit. 0:02:18.480 --> 0:02:21.280 Here is Peter Navarro's response, Let's take a listen. 0:02:21.520 --> 0:02:23.320 Can we go back to Elon Musk for a second, 0:02:23.320 --> 0:02:25.359 because I'm glad that you brought that up. He also 0:02:25.480 --> 0:02:29.080 took a shot at you personally on X and he's 0:02:29.080 --> 0:02:32.600 going against the administration with respect to the tariff policy. 0:02:32.880 --> 0:02:35.200 The President has said in the coming months he may 0:02:35.280 --> 0:02:36.320 leave the administration. 0:02:36.480 --> 0:02:38.440 Peter, is there a rift internally? 0:02:39.760 --> 0:02:41.040 No? Look Elon. 0:02:41.240 --> 0:02:44.639 Look Elon when he's in his doge line is great, 0:02:45.080 --> 0:02:47.640 But we understand what's going on here? Do we just 0:02:47.720 --> 0:02:52.440 have to understand? Elon sells cars and he's in Texas 0:02:52.960 --> 0:02:59.920 assembling cars that have big parts of that car from Mexico, China. 0:03:00.280 --> 0:03:04.880 Batteries come from Japan or China, the electronics come from Taiwan, 0:03:05.560 --> 0:03:09.640 and he's simply protecting his own interests as any business 0:03:09.639 --> 0:03:15.000 person would do. We're more concerned about Detroit building cadillacts 0:03:15.160 --> 0:03:18.400 with American engines, and that's what this is all about. 0:03:18.440 --> 0:03:20.000 So it's fine, there's no riff here. 0:03:20.440 --> 0:03:22.880 There's no rift, Crystal. So who do we wrote root for? 0:03:23.040 --> 0:03:25.520 Is this is an Iran Iraq situation? You wish puts 0:03:25.600 --> 0:03:28.200 both sides. The best of Lovey is that is that 0:03:28.200 --> 0:03:30.760 where I don't know, he's not wrong in terms of 0:03:30.800 --> 0:03:32.600 Elon's incentives. 0:03:32.600 --> 0:03:34.680 What's Tesla stock at But here's the thing. 0:03:34.960 --> 0:03:35.960 Here's the thing though. 0:03:35.760 --> 0:03:38.360 Minus nine today, good Lord. 0:03:38.680 --> 0:03:41.320 Tesla has god Let's issues. 0:03:41.360 --> 0:03:44.400 The Tesla mostly elonth leadership and the union busting, but 0:03:44.480 --> 0:03:47.040 they've gone out of their way to source parts domestically. 0:03:47.120 --> 0:03:49.440 They are made in America, beyond the battery. It's the 0:03:49.440 --> 0:03:50.960 more made in America card than GM. 0:03:51.120 --> 0:03:53.320 I want you to think about what Peter Navarro was 0:03:53.400 --> 0:03:57.080 actually saying here, because if their policy was going to 0:03:57.160 --> 0:03:59.320 do what you're saying, this policy is going to do, 0:04:00.280 --> 0:04:04.040 should be a huge beneficiary. They're an American made car. 0:04:04.280 --> 0:04:07.080 This should be great. Elon should be celebrating, this would 0:04:07.120 --> 0:04:10.560 be his And the fact that for even Tesla, which 0:04:10.600 --> 0:04:14.200 has done everything they can to have a supply chain 0:04:14.280 --> 0:04:17.440 that is more or less here in America, that for 0:04:17.600 --> 0:04:21.440 even them, it's going to be devastating and a real 0:04:21.480 --> 0:04:23.200 problem in Tesla stock is falling. 0:04:23.480 --> 0:04:24.359 You know, there's all sorts of. 0:04:24.320 --> 0:04:26.599 Reasons Tesla stock's been falling, but the latest one is 0:04:26.600 --> 0:04:28.479 certainly related to the tariffs. As the rest of the 0:04:28.520 --> 0:04:31.720 market is in freefall at the moment, So it's such 0:04:31.760 --> 0:04:35.159 an admission that even for a company like Tesla, this 0:04:35.279 --> 0:04:38.640 is going to be extremely bad for business. As far 0:04:38.680 --> 0:04:41.600 as Elon's ideology, you know, we noted, I don't think 0:04:41.640 --> 0:04:43.920 this got nearly enough attention at the time when he 0:04:44.000 --> 0:04:47.080 was out there praising Javier Malay, it was anarcho capitalist, 0:04:47.240 --> 0:04:52.839 you know, hardcore libertarian leader of Argentina praising him for 0:04:53.000 --> 0:04:55.599 rolling back tariffs, and we noted that right away, like 0:04:55.680 --> 0:04:58.920 that's very different from what the Trump plan here is. Ultimately, 0:04:59.360 --> 0:05:01.839 Elon also so had gone to war over you know, 0:05:02.040 --> 0:05:04.320 h one B's with members of the sort of like 0:05:04.360 --> 0:05:09.400 Steve Bannon type MAGA portion of the Republican base. At 0:05:09.400 --> 0:05:12.200 that time, he won the fight for Donald Trump's heart. 0:05:12.320 --> 0:05:15.000 Trump basically, you know, completely sided with him in that 0:05:15.040 --> 0:05:17.920 particular battle. That's not going to be the case in 0:05:17.920 --> 0:05:22.200 this battle because Trump has just decided this is happening period, 0:05:22.360 --> 0:05:25.520 end of story. So you know, question mark what this 0:05:25.600 --> 0:05:28.120 means for the future of the Trump Elon relationship. Last 0:05:28.120 --> 0:05:30.080 week we talked about the fact that Trump was saying 0:05:30.120 --> 0:05:31.960 he Elon's going to be out in a few months. 0:05:32.800 --> 0:05:36.080 I mean, Elon has already completely changed his political stripes. 0:05:36.120 --> 0:05:36.680 You could see him. 0:05:36.680 --> 0:05:40.160 If the Democrats go back to being like a total neoliberal, 0:05:40.320 --> 0:05:43.480 like they're renegotiating TPP or whatever, maybe Elon's going to 0:05:43.560 --> 0:05:45.320 come back to the Democratic Party. I don't think that 0:05:45.360 --> 0:05:47.880 any Democrats should ultimately want that, but who knows what 0:05:47.960 --> 0:05:50.480 the future is going to hold. But you know, very 0:05:50.560 --> 0:05:53.320 noteworthy given how much power Elon has and how Peter 0:05:53.440 --> 0:05:57.520 Navarro really is the sort of like hardest core ideological 0:05:58.080 --> 0:06:01.360 tear up supporter within the Trump administration. Who I mean, 0:06:01.360 --> 0:06:03.359 he is the sickest fan, but that's he's not just 0:06:03.440 --> 0:06:04.280 there to be a sick fan. 0:06:04.360 --> 0:06:05.640 Allow you know, let me go off on this a 0:06:05.640 --> 0:06:07.520 little bit because I like Peter Navarro and I'm pro 0:06:07.600 --> 0:06:09.960 tariff and I'm pro to but like this talking point, 0:06:10.040 --> 0:06:12.160 that's the problem with Japan. Like Trump just put this out, 0:06:12.200 --> 0:06:14.520 spoke to the Japanese Prime minister this morning. He's sending 0:06:14.520 --> 0:06:16.440 a trop team to negotiate. They have treated the US 0:06:16.520 --> 0:06:18.800 very poorly. They don't take our cars, but we take 0:06:18.839 --> 0:06:21.520 millions of theirs. Yeah, you could give away a Ford 0:06:21.640 --> 0:06:23.880 f one fifty in Tokyo and they wouldn't drive it. 0:06:24.080 --> 0:06:24.720 Why would you. 0:06:24.920 --> 0:06:29.080 It's an over engineered, eighty something thousand dollars massive car. 0:06:29.279 --> 0:06:31.120 That wouldn't make sense when you have access to a 0:06:31.160 --> 0:06:33.960 ten thousand dollars more fuel efficient. 0:06:33.680 --> 0:06:34.440 Toyota high loock. 0:06:34.480 --> 0:06:37.200 You know why we drive Toyota's because they're more fuel efficient, 0:06:37.440 --> 0:06:40.159 more comfortable, better engineered, and they're cheaper. 0:06:40.400 --> 0:06:43.839 It's not because of a trade deficit. Same in Europe. 0:06:43.960 --> 0:06:47.200 The Fords and Chevies or whatever that sell in Europe, 0:06:47.240 --> 0:06:48.200 they would never sell here. 0:06:48.360 --> 0:06:48.960 They're tiny. 0:06:49.160 --> 0:06:51.159 If you ever go over there, you don't even recognize 0:06:51.160 --> 0:06:53.159 some of these models America. 0:06:53.400 --> 0:06:55.080 Try to drive an F one to fifty through like 0:06:55.120 --> 0:06:57.320 a European yea. 0:06:57.480 --> 0:06:58.480 Literally, you could work. 0:06:58.520 --> 0:07:00.799 You ranked one of those piece of shits little Pugo's, 0:07:00.839 --> 0:07:02.760 and to'll be driving around in Italy and you still 0:07:02.760 --> 0:07:04.880 can barely fit the damn thing through these one thousand 0:07:04.920 --> 0:07:08.200 year old Okay, so that's one thing. But that's what 0:07:08.360 --> 0:07:11.160 he's like, This is a Steven Miller thing too. He's like, 0:07:11.200 --> 0:07:14.080 you never see any American cars in Japan. I'm like, yeah, 0:07:14.120 --> 0:07:17.560 why is that? It's like, it's not because they're it's 0:07:17.560 --> 0:07:18.800 not because they're being blocked. 0:07:19.000 --> 0:07:20.560 It's because their cars are better than. 0:07:20.480 --> 0:07:24.240 Ours, And I hate I hate sounding like some Milton 0:07:24.360 --> 0:07:28.960 Friedman esque like they're you know, specialized comparative advantage, But like, 0:07:29.000 --> 0:07:31.200 what are we doing here? Do we really want to 0:07:32.160 --> 0:07:34.880 Japanese who have half of the median income of the 0:07:34.920 --> 0:07:37.480 average American to be rolling around in a. 0:07:37.600 --> 0:07:39.040 Cadillac with a cooler in it? 0:07:39.240 --> 0:07:41.760 The way that that's what these Americans are buying. And 0:07:41.760 --> 0:07:44.400 actually they shouldn't even buy them. They're ridiculous. They break 0:07:44.440 --> 0:07:46.280 all the time, they have too many electronics in it, 0:07:46.360 --> 0:07:49.240 They're way too expensive. We choose all of this bullshit 0:07:49.320 --> 0:07:51.680 luxury and then wonder why they were get to twenty 0:07:51.720 --> 0:07:54.840 percent APR and a sixty eight thousand dollars car payment 0:07:54.840 --> 0:07:57.200 for a brand new car. It's one of those where 0:07:57.600 --> 0:08:01.000 it's totally out of step, Like they would laugh at 0:08:01.040 --> 0:08:03.160 you if we were like, oh, you need to buy more? 0:08:03.360 --> 0:08:05.360 What is the Chevy equinhawks And I'm like, no, why 0:08:05.400 --> 0:08:07.720 would I do that? Whenever I have access to the 0:08:07.720 --> 0:08:10.680 Toyleta will last me for twenty five years, or Honda 0:08:10.800 --> 0:08:12.640 or you know, go to South Korea and tell them 0:08:13.160 --> 0:08:18.320 this preposterous This is where I just I'm seeing it's 0:08:18.440 --> 0:08:21.400 not even nineteenth century, because at least that actually made sense, 0:08:21.480 --> 0:08:23.280 you know, I dug out, Actually, I'll bring it in. 0:08:23.320 --> 0:08:25.040 We can, we can look it over together. I have 0:08:25.080 --> 0:08:27.040 a nineteen oh two US at list that I found 0:08:27.040 --> 0:08:29.200 in an antique store, and it's awesome because it shows 0:08:29.200 --> 0:08:31.640 all of our national expenditures and our customs duties. 0:08:31.640 --> 0:08:33.079 And it's true, almost. 0:08:32.840 --> 0:08:35.480 Forty two percent of all of revenue in nineteen oh 0:08:35.520 --> 0:08:38.840 two from my at list shows comes from the customs duties. 0:08:38.960 --> 0:08:40.920 But you know, it's also a country that basically spent 0:08:41.080 --> 0:08:43.600 nothing and had no income to act. It was very, 0:08:43.679 --> 0:08:44.360 very different, right. 0:08:44.640 --> 0:08:45.080 One of the. 0:08:45.000 --> 0:08:47.640 Interesting things in there too is to actually see how 0:08:47.840 --> 0:08:50.880 little America mattered at that time. In that atlas, it 0:08:50.920 --> 0:08:53.439 has a list of the military sizes of the Great 0:08:53.520 --> 0:08:57.040 German of the Germanic Empire, and America's like number twenty 0:08:57.080 --> 0:08:59.200 five in all of these It's not just a fascinating 0:08:59.280 --> 0:09:03.040 view into history. But my point just broadly is just like, 0:09:03.200 --> 0:09:06.040 what are we trying to do here? Are we trying 0:09:06.120 --> 0:09:07.760 to have more reindustrialization? 0:09:08.040 --> 0:09:08.319 Great? 0:09:08.440 --> 0:09:11.680 Do we want to force jap American cars on? Have 0:09:11.760 --> 0:09:14.880 we not exported enough Western bullshit over to them? 0:09:15.200 --> 0:09:15.880 Leave them alone? 0:09:16.120 --> 0:09:16.360 Same? 0:09:16.840 --> 0:09:18.920 You know, with there and this is not just my 0:09:19.200 --> 0:09:22.520 you know, Japanese love same thing with the Europeans, like 0:09:22.559 --> 0:09:25.120 they drive their cars because they're engineered for their purposes, 0:09:25.120 --> 0:09:27.560 in the same way that the Jeep grand wagoneer with 0:09:27.640 --> 0:09:30.640 coolers appeals to the American soccer mom. Most of the 0:09:30.679 --> 0:09:33.560 other rest of the world thinks that's grotesque and weird. 0:09:33.800 --> 0:09:36.920 But you know, different markets, different strokes for different folks. 0:09:37.200 --> 0:09:41.080 I just like listening to all of this. It's that 0:09:41.240 --> 0:09:45.320 their own goals make genuinely no sense on their face. 0:09:45.720 --> 0:09:48.160 And I don't think it's just people like me who 0:09:48.240 --> 0:09:50.920 are free you know, anti free trade protections or whatever. 0:09:51.120 --> 0:09:53.800 Even to the basic person, the person who is dying 0:09:53.840 --> 0:09:57.560 to understand this, you can't. There's nothing there, there's nothing 0:09:57.559 --> 0:09:58.040 to tug on. 0:09:58.240 --> 0:10:01.840 No, there is nothing there, And it's it's going to harm. 0:10:01.880 --> 0:10:04.480 Like if your goal is increasing manufacturing in the US, 0:10:04.520 --> 0:10:06.679 it's going to harm manufacturing in the US. If there 0:10:06.720 --> 0:10:09.199 is no change to this, it will harm manufacturing in 0:10:09.240 --> 0:10:13.360 the US, it will harm ordinary people. And we've talked 0:10:13.360 --> 0:10:15.720 about this in previous shows, but I want to make 0:10:15.760 --> 0:10:18.120 sure we get in this show too. The whole social 0:10:18.160 --> 0:10:21.840 contract of this country is cheap shit that's what we don't. 0:10:21.720 --> 0:10:23.120 Get, and the number has to go up for. 0:10:23.320 --> 0:10:25.760 And the number has to That's right, that's what we like. 0:10:25.800 --> 0:10:27.920 That's we don't have a social safety not like the 0:10:28.080 --> 0:10:31.680 you know, Norwegian we don't have that, like the Scandinavian countries, 0:10:31.720 --> 0:10:32.400 like Europe does. 0:10:32.400 --> 0:10:34.520 We don't have that. Okay, so what do we get? 0:10:34.720 --> 0:10:37.440 We get our Walmart runs, we get our Costco trips, 0:10:37.760 --> 0:10:39.960 we get what hassan biker calls our treats. 0:10:40.240 --> 0:10:43.160 We get our treats, we get them cheap, and the 0:10:43.160 --> 0:10:46.400 line goes up. That's the deal. Okay. I would like 0:10:46.440 --> 0:10:47.200 to change that deal. 0:10:47.960 --> 0:10:50.280 The deal that is on offer from Trump is you 0:10:50.320 --> 0:10:52.520 don't get your treats and you don't get anything else. 0:10:52.679 --> 0:10:54.800 You don't get anything else, You're gonna lose your job. 0:10:54.960 --> 0:10:57.400 We're gonna have a recession. The line is gonna go down. 0:10:57.880 --> 0:11:02.640 Like I mean, he is playing with fire. He really 0:11:02.679 --> 0:11:06.480 is playing with fire here. And maybe uh, you know, 0:11:06.720 --> 0:11:09.080 the global economy is able to absorb this better than 0:11:09.120 --> 0:11:12.760 we expect. Maybe the charish are rolled back and Trump 0:11:12.840 --> 0:11:16.319 is you know, making the ultimate bluff here, and maybe 0:11:16.400 --> 0:11:19.080 it doesn't end up as catastrophic as it could. But 0:11:19.360 --> 0:11:22.840 he is playing with fire because you are getting to 0:11:22.960 --> 0:11:27.000 the core contract that has been made and sold to 0:11:27.000 --> 0:11:31.520 the American people over fifty years. And he is in 0:11:31.800 --> 0:11:35.640 one fell sloop swoop without any democratic input, knowing damn 0:11:35.679 --> 0:11:37.880 well that it is going to be like a political 0:11:37.880 --> 0:11:40.080 bloodbath for him in his body whatever. He doesn't care. 0:11:40.840 --> 0:11:44.400 He is in one fell swoop with no democratic input, 0:11:44.600 --> 0:11:50.760 completely blowing that up. We'll see, we'll see what the 0:11:50.800 --> 0:11:53.720 fallout is. We'll see how people react to that. But 0:11:54.360 --> 0:11:57.480 I think it's I think on it makes it honestly, 0:11:57.559 --> 0:11:59.400 you know. One of the things that are also about 0:11:59.400 --> 0:12:01.520 the market rash that also was like making me sick 0:12:01.600 --> 0:12:04.200 last week to think about. There was a metric that 0:12:04.240 --> 0:12:07.880 came out I think from Friday's trading that hedge funders 0:12:07.920 --> 0:12:10.840 were dumping more than equities than they ever had before. 0:12:10.960 --> 0:12:11.840 Yeah, I did see that. 0:12:11.800 --> 0:12:16.600 And retail was buying the dip at larger numbers. And 0:12:16.679 --> 0:12:21.360 so you also have like the movement over the past 0:12:21.440 --> 0:12:24.640 number of years or like the you know, the the 0:12:24.679 --> 0:12:28.880 Stonks movement, the game stop that like impetus of retail 0:12:28.920 --> 0:12:31.600 trading and crypto and those people are going to get destroyed. 0:12:32.080 --> 0:12:37.439 Like I just the amount of pain the real harm 0:12:37.640 --> 0:12:39.720 that all of this is going to do to real 0:12:39.800 --> 0:12:43.120 people boggles my mind. It just boggles my mind. I 0:12:43.160 --> 0:12:46.679 cannot wrap my head around it. And so I don't know. 0:12:47.280 --> 0:12:48.160 I don't know where we're by. 0:12:48.200 --> 0:12:50.480 The dip ros are and a tough one because they're 0:12:50.480 --> 0:12:52.800 about down about ten percent when they bought the dip 0:12:52.920 --> 0:12:55.640 So you know it's rough. At the same time, you know, 0:12:55.640 --> 0:12:58.000 I feel of a long term view, et cetera. Yes, 0:12:58.080 --> 0:13:01.400 things are cheap, and I wouldn't ever encourage panic. 0:13:01.160 --> 0:13:02.640 Sellings, not financial advice. 0:13:02.720 --> 0:13:05.079 This none of this is you absolute shouldn't ask me. 0:13:06.559 --> 0:13:12.600 But just generally, where we are selling, we are screwing 0:13:12.640 --> 0:13:17.400 with people's lives. Yes, there will be damage at a 0:13:17.440 --> 0:13:20.240 personal level. The number one cause of divorce in North 0:13:20.240 --> 0:13:23.240 America is money problems. The number was one of the 0:13:23.280 --> 0:13:27.120 major reasons that commit people commit suicide, great depression, people 0:13:27.240 --> 0:13:29.880 feeling inadequate, et cetera. That's just tell on a person, 0:13:29.920 --> 0:13:32.800 men in particular, man in particular, provider role. Go look 0:13:32.840 --> 0:13:36.240 at the male suicide rate from O nine bloodbath. The 0:13:36.240 --> 0:13:40.520 same thing whenever it comes to businesses, people's dreams. I 0:13:40.640 --> 0:13:43.640 just talked, it's April. A lot of people graduating millions 0:13:43.679 --> 0:13:46.720 of Americans graduating in a month from now. What are 0:13:46.720 --> 0:13:49.679 they gonna do, you know, their theory? What are their 0:13:49.720 --> 0:13:51.520 parents going to be? Can they are they gonna have 0:13:51.559 --> 0:13:53.840 to move home? A whole generation of millennials had to 0:13:53.840 --> 0:13:55.680 move home. It was embarrassing, you know, for a lot 0:13:55.720 --> 0:13:58.120 of folks. They felt very inadequate. It caused a lot 0:13:58.160 --> 0:14:00.720 of social problems. All of the this is coming together 0:14:01.080 --> 0:14:04.199 right now, and yeah, you're screwing with people's lives. That's 0:14:04.240 --> 0:14:07.200 really where you know. I don't I don't forgive that. 0:14:07.480 --> 0:14:09.880 I don't downplay that, And I think it's a genuine 0:14:10.120 --> 0:14:13.360 red like it's a red button panic mode. And people 0:14:13.400 --> 0:14:15.760 can accuse you of bed wetting and all that. I'm 0:14:15.800 --> 0:14:18.480 always going to bed web for people who are you know, 0:14:18.520 --> 0:14:21.480 for who are trying to just live at a very 0:14:21.520 --> 0:14:24.760 basic level, and who as you said, they signed the contract, 0:14:24.800 --> 0:14:27.680 they didn't do anything wrong, and I genuinely don't think 0:14:27.800 --> 0:14:29.600 that they are getting what they thought they were going 0:14:29.600 --> 0:14:30.960 to get. Like you could say all you want about 0:14:30.960 --> 0:14:33.680 Trump ten percent, this is catched so far beyond that 0:14:34.000 --> 0:14:36.320 from where you know anything that he sold out on 0:14:36.360 --> 0:14:39.240 the campaign and even common understanding. 0:14:38.800 --> 0:14:41.800 He ran on I'm going to bring prices down, right, 0:14:41.880 --> 0:14:44.600 this is going to raise prices significant. And now he's 0:14:44.600 --> 0:14:47.120 saying I don't really care. I could care less prices 0:14:47.160 --> 0:14:50.160 go up. I mean that is directly contradary. So yes, look, 0:14:50.280 --> 0:14:53.120 if you're a Wall Street if you're on Wallstreet and 0:14:53.160 --> 0:14:55.480 you were like placing bets based on that, he's not 0:14:55.480 --> 0:14:57.880 serious about these tariffs. Like you were a fool. Sorry, 0:14:57.960 --> 0:15:00.920 you were an absolute fool. You should have just read 0:15:01.040 --> 0:15:02.960 Jeff Stine and the Washington Post and you'd be much 0:15:03.000 --> 0:15:05.600 better position. But for your ordinary person, he was out 0:15:05.640 --> 0:15:07.800 there saying I'm going to deal with this inflation crisis, 0:15:07.800 --> 0:15:10.960 like this was a central centerpiece of his campaign. 0:15:11.480 --> 0:15:13.240 And I saw the numbers earlier. 0:15:13.360 --> 0:15:15.560 Forty percent of the people who shifted from Biden to 0:15:15.640 --> 0:15:18.760 vote for Trump, they said inflation was their number one reason, right, 0:15:18.800 --> 0:15:21.000 That's what they thought they were getting. They thought that 0:15:21.000 --> 0:15:24.280 that was Trump was the businessman, and he would, you know, 0:15:24.520 --> 0:15:27.520 write the economics ship, and he's always had high approval 0:15:27.560 --> 0:15:29.720 ratings on the economy, and they just sort of felt 0:15:29.720 --> 0:15:32.120 like he's got it, like he'll do a good job, right, 0:15:32.200 --> 0:15:34.640 whatever that entails. He says, terrorists, he says, you know, 0:15:34.800 --> 0:15:35.560 tax Cus. 0:15:35.320 --> 0:15:37.160 Well, I he'll figure it out. He's a good businessman. 0:15:37.200 --> 0:15:39.920 I'm sure he's gonna, you know, steer your scent in 0:15:40.000 --> 0:15:43.640 a good direction. In no way, in no land did 0:15:44.120 --> 0:15:47.640 the mass of voters think that intentionally crashing the stock 0:15:47.640 --> 0:15:49.680 market was going to be that direction. And the reason 0:15:49.720 --> 0:15:52.560 I keep saying that was such kind. He posted himself 0:15:52.640 --> 0:15:56.760 a video that said Trump is intentionally crashing the stock market, 0:15:57.160 --> 0:15:59.000 and how can you not look at this and say, 0:15:59.200 --> 0:16:02.720 he is andeering a massive crash of the stock market 0:16:02.760 --> 0:16:05.440 and very likely if we continue in this direction, a 0:16:05.520 --> 0:16:07.040 recession intentionally. 0:16:09.920 --> 0:16:10.760 That's probably a. 0:16:10.680 --> 0:16:15.720 Good transition point, given the likely fallout from these policies, 0:16:15.720 --> 0:16:18.360 to move to the already the resistance that is formed 0:16:18.400 --> 0:16:21.240 on among the liberal base against Trump. You know, one 0:16:21.240 --> 0:16:23.760 of the early some of the early things that we 0:16:23.800 --> 0:16:26.600 said about Trump two point zero after the election in particular, 0:16:26.600 --> 0:16:29.200 and even early into inauguration the early months of his 0:16:29.240 --> 0:16:32.320 administration is like, this resistance is not the same as 0:16:32.360 --> 0:16:34.880 twenty seventeen. Like you had the Women's March. It was 0:16:34.920 --> 0:16:37.440 so many people in the streets. You had, of course, 0:16:37.720 --> 0:16:40.640 and this part still is different, but you had democratic 0:16:40.680 --> 0:16:44.920 electeds and the media and a lot of corporate executives 0:16:45.200 --> 0:16:48.320 all standing up against Trump. This time the landscape is 0:16:48.480 --> 0:16:52.480 very different. Well, over the weekend, we had our first 0:16:52.840 --> 0:16:56.240 mass resistance anti Trump protests movement. 0:16:57.000 --> 0:16:57.760 This was organized. 0:16:57.760 --> 0:16:59.920 It's called hands Off and let's go ahead and put 0:16:59.920 --> 0:17:02.080 the vo up on the screen and I can tell 0:17:02.120 --> 0:17:02.800 you more about it. 0:17:02.840 --> 0:17:04.000 So this was from Boston. 0:17:04.560 --> 0:17:07.879 Estimates are that there were some six hundred thousand people 0:17:08.440 --> 0:17:12.360 that came out in locations across the country. So this 0:17:12.400 --> 0:17:16.240 is Austin, Texas here. There were protests in all fifty states. 0:17:16.680 --> 0:17:19.479 There were Ryan Grimm's dad was down at one in 0:17:19.520 --> 0:17:22.800 the village, you know, down even in my area, which 0:17:22.840 --> 0:17:26.280 is you know, pretty far outside of of DC, there 0:17:26.359 --> 0:17:27.280 was a protest there. 0:17:27.119 --> 0:17:29.480 That was making Georgia. Here's Oakland, California. 0:17:29.520 --> 0:17:32.400 There were huge ones in the major cities in New York, 0:17:32.480 --> 0:17:37.280 in Chicago, Portland, Oregon with a very significant protest there, Richmond, Virginia. 0:17:37.640 --> 0:17:41.800 I know, I saw quite significant one in Utah in 0:17:41.840 --> 0:17:44.080 Salt Lake City, Utah. Even in some smaller places like 0:17:44.160 --> 0:17:45.720 we had the make and Georgia one up on the screen. 0:17:45.760 --> 0:17:49.240 So thirteen hundred different locations, all fifty states, six hundred 0:17:49.280 --> 0:17:52.359 thousand people and you know, the branding is interesting to 0:17:52.400 --> 0:17:55.679 meet too, Soccer, because this is also i think a 0:17:55.720 --> 0:17:59.280 contrast from last time around the beating heart of the 0:17:59.320 --> 0:18:02.520 sort of Democrats a base resistance to Trump last time 0:18:02.840 --> 0:18:05.680 was Russiagate, and it was also like, you know, him 0:18:05.720 --> 0:18:08.480 being a misogynist. That's where the women's march, the hands 0:18:08.480 --> 0:18:11.600 off you know whatever, Yeah, the grab a vibe. 0:18:11.680 --> 0:18:15.040 Let's just let's just all forget that that happened this Yeah. 0:18:14.840 --> 0:18:17.880 So anyway, this time it's the messaging is hands off, 0:18:17.920 --> 0:18:20.760 as in hands off soci security, hands off Medicare, hands 0:18:20.760 --> 0:18:22.400 off Medicaid, hands off veterans. 0:18:22.840 --> 0:18:24.440 And there was a lot of both. 0:18:24.320 --> 0:18:27.920 You know, anti Trump and anti dog and anti elon sentiment. 0:18:28.119 --> 0:18:31.000 But there was also a lot of frustration too, and 0:18:31.040 --> 0:18:33.520 we can put put e three actually up on the 0:18:33.520 --> 0:18:36.199 screen from Ken Klippenstein. There was also a lot of 0:18:36.240 --> 0:18:41.480 frustration among these folks aimed at Democrats, who Democratic elected officials, 0:18:41.480 --> 0:18:46.840 who they felt was were not fighting back adequately. The 0:18:47.200 --> 0:18:49.080 So there was a lot more of a i guess 0:18:49.080 --> 0:18:51.600 a sort of class war frame here as well in 0:18:51.680 --> 0:18:55.119 terms of focusing on the social safety net versus twenty seventeen. 0:18:55.520 --> 0:18:59.200 But Ken was there at one protest, and he talked 0:18:59.200 --> 0:19:01.120 to people and just asked them, like, why are you there. 0:19:01.400 --> 0:19:03.680