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Speaker 1: Hey, guys, Saga and Crystal here.

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Speaker 2: Independent media just played a truly massive role in this election,

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Speaker 2: and we are so excited about what that means for

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Speaker 2: the future of this show.

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Speaker 3: This is the only place where you can find honest

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Speaker 3: perspectives from the left and the right that simply does

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Speaker 3: not exist anywhere else.

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Speaker 2: So if that is something that's important to you, please

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Speaker 2: go to Breakingpoints dot com. Become a member today and

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Speaker 2: and all put together for you every morning in your inbox.

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Speaker 3: We need your help to build the future of independent

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Speaker 3: news media and we hope to see you at Breakingpoints

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Speaker 3: dot com. Good morning, everybody, Happy Monday. I have an

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Speaker 3: amazing show for Buddy today. What do we have, Pystal?

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Speaker 4: Indeed we do.

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Speaker 2: A group of centrist Dems caved, so there is a

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Speaker 2: shutdown deal. We will get to all of that. Rokana

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Speaker 2: is also going to join us. He is calling for

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Speaker 2: Chuck Schumer to resign over this, just coming right out

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Speaker 2: and saying it. So going to get his thoughts on

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Speaker 2: all of this. There's also a bunch of weird policy

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Speaker 2: proposals coming out for the Trump administration. We're going to

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Speaker 2: cover one of them today, which is fifty year mortgages.

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Speaker 2: So just take on debt a more to the bank

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Speaker 2: for longer. That's their solution.

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Speaker 3: You will have everything and be happy. Yes, own nothing

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Speaker 3: and be happy.

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Speaker 2: Indeed, we're also digging into the way that data centers

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Speaker 2: factored into last week's elections and are becoming an increasingly

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Speaker 2: potent issue in terms of our politics, something that we've

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Speaker 2: had our eye on for a little while now. Sam

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Speaker 2: Altman crashing out and appears to be asking us, the

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Speaker 2: US taxpayer, to backstop his potential losses. So that's a

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Speaker 2: great one. Biden administration knew about Israel's war crimes and

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Speaker 2: did nothing about it on new report reveals, and we

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Speaker 2: have an author of a new book on the trillion

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Speaker 2: dollar war machine, so a lot of relevant things to

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Speaker 2: get into with him.

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Speaker 1: Yeah, that's right. I'm excited for all of that.

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Speaker 3: We're going to have Rocana join us a little bit

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Speaker 3: here on the show to give us reaction to the

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Speaker 3: shutdown deal, which we're very excited. Thank you to everybody's

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Speaker 3: been signing Upbreakingpoints dot com if you can help us

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Speaker 3: out become.

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Speaker 1: A premium subscriber.

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Speaker 3: You saw our election coverage there with Soro on Mum

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Speaker 3: Donnie and all of our excellent live stream that we

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Speaker 3: put out there. And of course it does cost money

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Speaker 3: to send people out into the field, but we think

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Speaker 3: it really adds something for all of you. So Breakingpoints

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Speaker 3: dot com if you are able to help us out.

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Speaker 3: If you can't, no worries, please just go ahead hit

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Speaker 3: subscribe to our YouTube channel and if you're listening to

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Speaker 3: this on a podcast, send the episode to a friend.

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Speaker 3: It really helps the show grow. But let's go ahead

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Speaker 3: and start with the shutdown. As Crystal said so late

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Speaker 3: last night, some major movement in the United States Senate.

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Speaker 3: Let's go and put this up here on the screen.

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Speaker 3: We're just going to read some of the details here

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Speaker 3: of how the shutdown deal basically came to pass. The

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Speaker 3: TLDR of the whole thing is, this is a full

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Speaker 3: blown k from the Democrats and eight unit so called

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Speaker 3: centrist moderates or whatever joined Republicans in advancing the advancing

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Speaker 3: the government deal, the cr deal, which was on the

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Speaker 3: table from the House of Representatives. There are two important

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Speaker 3: caveats to that. The Democrats say that what they got

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Speaker 3: in exchange for voting for government funding was one a

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Speaker 3: vote at some point in the future in December on

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Speaker 3: the ACA subsidies, those healthcare subsidies put a pin in

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Speaker 3: that because we're over to a little bit to the

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Speaker 3: healthcare discussion. And two is a reversal of government firing

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Speaker 3: so called rifts reduction in force from October first, twenty

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Speaker 3: twenty five forward to January thirty first, twenty twenty six.

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Speaker 3: So basically like a three month reprieve from any firing

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Speaker 3: of federal government employees, not previous federal gal employees, just

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Speaker 3: immediate federal governmployees.

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Speaker 1: That's it.

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Speaker 3: That's basically all they got in exchange. And to be

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Speaker 3: very very clear, that deal was on the table from

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Speaker 3: the very beginning. So John Thune, the Senate Majority leader,

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Speaker 3: from the beginning was like, look, Dems, I'll give you

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Speaker 3: guys a vote if you want in a few weeks.

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Speaker 3: And from the beginning they all said, no, that's not enough.

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Speaker 3: We need the actual healthcare substats. We need to change

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Speaker 3: the healthcare system, we need you know, rift stuff. We

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Speaker 3: just came off this election. Actually it looked like the

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Speaker 3: Democrats were going to become even more emboldened, but instead, overnight,

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Speaker 3: I personally think what happened is they got spooked from

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Speaker 3: the airlines and from SNAP. I think that the airlines

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Speaker 3: in particular. I mean I was telling the crew tens

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Speaker 3: of billions of dollars per day in productivity. Newark Airport

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Speaker 3: yesterday was an absolute night. This today. If the shutdown continues,

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Speaker 3: they're saying there will be a twenty percent reduction in

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Speaker 3: air traffic control, Thanksgiving travel and all that.

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Speaker 1: You know, at that point you're gonna have to bail

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Speaker 1: out the airlines.

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Speaker 3: Considering the number of losses that they would they would take,

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Speaker 3: it would just basically bring it to a complete halt

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Speaker 3: of air traffic in this entire country. So they decided

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Speaker 3: they want they would, you know, basically, their bluff was

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Speaker 3: called and they decided to cave and to give in.

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Speaker 1: I think Snap was part of that as well.

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Speaker 3: Trump was like, listen, I'll just you know, hold up

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Speaker 3: the Snap benefits, and Supreme Court said that he could.

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Speaker 3: And so in the interim, you know, forty two million

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Speaker 3: people or so going into the holidays would have lost

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Speaker 3: their Snap benefits.

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Speaker 1: Air traffic would have come to zero.

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Speaker 3: Even though I do eventually think most of that chaos

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Speaker 3: would have been blamed on the Republicans. These Democrats were like, no,

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Speaker 3: we just we can't.

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Speaker 1: Deal with that.

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Speaker 2: Yeah, I think I think the snap thing was big,

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Speaker 2: you know, very Israeli coded Trump using food as a

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Speaker 2: weapon of war here basically against the Democrats and for

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Speaker 2: these eight you know losers. Basically it worked. I mean,

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Speaker 2: it is utterly pathetic. It is utterly pathetic that, as

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Speaker 2: you said, Zager, this they could have done this on

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Speaker 2: day one, this quote unquote deal was on the table.

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Speaker 2: You caused all of this pain and suffering now for nothing.

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Speaker 2: You completely bended, completely cave, demonstrated to the American people

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Speaker 2: that you will not stand on business, on anything, and

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Speaker 2: at such a perplexing moment, like they just secured some

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Speaker 2: of the most impressive election results that we've seen.

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Speaker 4: We're going to cover the massive swing in Georgia.

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Speaker 2: Obviously Virginia, obviously New Jersey, any state that you look at,

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Speaker 2: there was a shift to the left, an absolute reckoning

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Speaker 2: for the Republicans. Trump knew internally he was freaking out

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Speaker 2: about the shutdown, realized this was a major problem for him.

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Speaker 4: And that's the time that you decide to cave.

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Speaker 2: When it's never been more clear that you were winning

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Speaker 2: the debate. It's never been more clear, made more obviously

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Speaker 2: American people that you were the ones that were fighting

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Speaker 2: for healthcare. But no, that's the moment, when you're apparently

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Speaker 2: at your strongest based on the electoral results last week,

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Speaker 2: to say, you know what, we're going to take the

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Speaker 2: deal that was available literally on day one. It is

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Speaker 2: so utterly pathetic. These people never fight for anything. Many

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Speaker 2: of them have been looking for a way to cave

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Speaker 2: from the beginning. By the way, and let's just read

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Speaker 2: off the names of who it was that voted for this.

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Speaker 2: It's also noteworthy you know who they are politically, because

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Speaker 2: it shows you they know the Democratic base is going

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Speaker 2: to be fucking fury. They're already furious, and not just

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Speaker 2: like lefties, not even just sort of like the rad libs.

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Speaker 2: I'm talking like Matt Iglesias being like, what are you

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Speaker 2: guys doing, Like what are you thinking about here near Tandon?

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Speaker 2: You know, pretty unified front of people saying this makes

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Speaker 2: absolutely no sense. So here are the ones who voted yes.

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Speaker 2: Catherine Cortez, Master of Nevada, Dick Durbin, who's the number

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Speaker 2: two in the Senate, John Fetterman because of course, Maggie Hassen,

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Speaker 2: Tim Kaine, Jackie Rosen, and Jeane Shaheed.

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Speaker 4: You know, the only one.

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Speaker 2: Of them that I could kind of be like, I

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Speaker 2: kind of see it is Tim Kane, because Virginia is

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Speaker 2: you know, he's representing so many federal government works. But

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Speaker 2: what's note worthy about all of those people. None of

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Speaker 2: them is up for reelection right now. None of them.

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Speaker 2: They're either retiring or they're not up until twenty twenty

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Speaker 2: eight or even twenty thirty. Those and the other thing

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Speaker 2: to note about that is number one, that tells you

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Speaker 2: they know the politics of this are absolutely trash for them.

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Speaker 2: They know they could be facing primary challenges from their

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Speaker 2: left for caving to the Republicans, caving to Trump in

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Speaker 2: this moment.

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Speaker 4: That's number one.

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Speaker 2: Number two, it shows you how organized this was so

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Speaker 2: Chuck Schumer, you know, sorry, agus Keith King was the

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Speaker 2: other one who's technically an independent from Maine. But in

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Speaker 2: any case, Chuck Schumer voted no on this and put

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Speaker 2: on a video we can show you some of it saying,

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Speaker 2: you know, that's why I'm voting no, blah blah blah.

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Speaker 2: There's reporting from David Dian over at The Marrying Prospect,

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Speaker 2: one of his writers, that Schumer, of course, was involved

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Speaker 2: in making the steal cutting the steel from the beginning,

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Speaker 2: so don't be fooled by the fact that he personally

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Speaker 2: didn't vote for it. Schumer's hands are all over this thing,

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Speaker 2: which is exactly why. And we'll get this from Rocanna

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Speaker 2: when he joins us, which is exactly why. Rocana and

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Speaker 2: by the way, Mark Bokan as well, are saying, dude,

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Speaker 2: you're not made for this moment. You got to step

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Speaker 2: aside someone who understands the moment that we're living through,

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Speaker 2: someone who is actually willing and able to fight for

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Speaker 2: something as basic as healthcare. They need to take the reins.

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Speaker 2: So those are the things to take note of with

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Speaker 2: regard to who specifically it is that voted for this thing.

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Speaker 2: Let's go ahead and take a listen to Jean Shaheen

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Speaker 2: was one of the like lead negotiators here of the cave.

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Speaker 2: Let's go ahead and take a listen to how she

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Speaker 2: justified this.

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Speaker 5: This was the only deal on the table. It was

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Speaker 5: our best chance to reopen the government and immediately begin

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Speaker 5: negotiations to extend the ACA. Text credits that tens of

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Speaker 5: millions of Americans rely on to keep costs dow Yep,

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Speaker 5: it was the.

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Speaker 2: Only deal on the table, and so basically Republicans were, like,

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Speaker 2: you know, normally in these things, there's some meetings, people

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Speaker 2: are no they there was none of that, and so

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Speaker 2: ultimately they found the Republicans threat to just keep the

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Speaker 2: government closed indefinitely. They found that credible and decided that

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Speaker 2: even though they were getting literally nothing for their votes

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Speaker 2: for their capitulation, they were going to go ahead and

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Speaker 2: cave and just on this you know idea. Okay, there's

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Speaker 2: going to be a vote in December, they pinky promise.

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Speaker 2: I mean, first of all, you can't trust these people.

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Speaker 2: But second of all, let's say the vote probably you know,

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Speaker 2: let's say it happens that there's no guarantee it's even

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Speaker 2: going to be brought up in the House. You get

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Speaker 2: some show vote in the Senate. Oh congratulations, way to go,

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Speaker 2: Like this is going They know that there's zero percent

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Speaker 2: chance that that show vote that they're getting in December,

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Speaker 2: if that even happens, is going to lead to any

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Speaker 2: sort of healthcare resolution for the American people.

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Speaker 1: It's a joke, obviously.

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Speaker 3: And I can just pretty much tell you no Republican

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Speaker 3: you know, leader or previous shutdown.

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Speaker 1: Would have ever caved on these circumstances.

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Speaker 3: They never would have because if you come off of

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Speaker 3: successful elections, you just got a lot of your whole

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Speaker 3: theory ratified about how energized people are. Then I mean, look,

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Speaker 3: you are playing with people's lives, and I don't want

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Speaker 3: to put that to this. You know, federal government employees

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Speaker 3: got some forty days or whatever without a paycheck, you

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Speaker 3: had the snap benefits, air traffic control, the stock mark,

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Speaker 3: every like. Things were not good, and it will actually

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Speaker 3: looked like things were going to go into shambles over

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Speaker 3: the next couple of weeks. All that said, that's kind

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Speaker 3: of the whole point of pursuing a government shutdown or

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Speaker 3: a debt ceiling, you know, type of cliff, which many

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Speaker 3: Republicans have done in the past, specifically to force what

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Speaker 3: they want. I also want to just double click on

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Speaker 3: what you said, where there has been this theory that

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Speaker 3: the Democratic leadership did not endorse the deal. First of all,

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Speaker 3: Dick Durbin, who's literal number two who is retiring, voted

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Speaker 3: for the deal. But two, the way that this always

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Speaker 3: works is, you know, the Senate is the king of

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Speaker 3: the limit limited hangout where you take the moderator or whatever,

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Speaker 3: and silently, ten other people will agree. They'll say, look,

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Speaker 3: I won't vote for this, but you do it because

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Speaker 3: you're not up for reelection. You take you know, all

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Speaker 3: the shit or whatever from the base, and in the interim,

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Speaker 3: you know we will be you know, costplaying or whatever

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Speaker 3: against the deal, but we secretly support you. I have

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Speaker 3: been told that this is the way the stock trading

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Speaker 3: ban works. There's all like one or two guys that

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Speaker 3: you know, come out forcefully against it. Silently, it's like

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Speaker 3: ninety nine percent of them who are like, yeah, thank you,

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Speaker 3: you know, please Rick, you know, keep fighting against this

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Speaker 3: same thing works in the house. You let your bomb

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Speaker 3: throwers work inside the system, and the people more in

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Speaker 3: the precarity. Even though they agree with the more unpopular policy,

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Speaker 3: they won't technically vote for it. So this is much

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Speaker 3: more organized than a lot of people are thinking. Senator

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Speaker 3: Schumer is trying to hang his hat on the fact

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Speaker 3: that he voted no.

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Speaker 1: Here's what he had to say.

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Speaker 6: For months and months, Democrats have been fighting to get

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Speaker 6: the Senate to address the healthcare crisis. This bill does

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Speaker 6: nothing to ensure that that crisis is addressed. I am

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Speaker 6: voting no, and I will keep fighting again.

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Speaker 3: Let me explain a little bit more Washington inside politics

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Speaker 3: is great leaders. What they do is you have ironclad

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Speaker 3: control of your caucus. You know, Nancy Post just retired.

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Speaker 3: That's what she ultimately was good at. And look, we

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Speaker 3: can disagree with many of her aims. You can look

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Speaker 3: at her a record. I won't think it's that great.

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Speaker 3: But what she always was great at was delivering the vote.

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Speaker 1: She could count the voe.

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Speaker 3: She was able to wield power effectively by making sure

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Speaker 3: that all of the Democrats in her caucus were very

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Speaker 3: beholden to her. The other person we have to shout

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Speaker 3: out here, Harry Reid. I don't think Harry Reid ever

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Speaker 3: would have let this happen. He was a very good mover, shaker,

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Speaker 3: not above you know, the gutter politics, always able to

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Speaker 3: move the cause in the direction. If I think the

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Speaker 3: greatest Senate leader in US history, Lyndon Johnson, is always

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Speaker 3: about internal politics, united front, using that united front to

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Speaker 3: force something from the government. And I do think the

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Speaker 3: Republics were like a week away from something actually coming through,

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Speaker 3: maybe not necessarily in the House, but in the Senate,

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Speaker 3: and then the Senate and Trump may have caved, who knows,

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Speaker 3: you know where things could have gone. That's the whole

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Speaker 3: point ultimately of a shutdown, because in the interim, one

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Speaker 3: reason why people should be furious about this is they

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Speaker 3: did shut our government down for nothing. You took the

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Speaker 3: same deal that was on the table forty days ago.

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Speaker 3: If you get something out of it, okay, but you

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Speaker 3: get a fake show vote. Come on, I mean it's

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Speaker 3: a joke, right because you know the House isn't going

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Speaker 3: to vote for it. And you know, even if it

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Speaker 3: comes in December, I mean, come on, that's eternity in politics.

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Speaker 3: That's a month, right, So you literally did nothing I

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Speaker 3: think overall, and so yeah, if you're a Democratic based person,

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Speaker 3: you should be furious. But also even if you're American,

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Speaker 3: you should be mad because again at this point, like

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Speaker 3: you really shut us all down and cause a lot

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Speaker 3: of chaos, billions and billions of dollars in lost economic

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Speaker 3: you know, productivity, whatever. So many people rely on various

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Speaker 3: they need irs something you know from the government they

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Speaker 3: weren't able to get through. So you miserated a large

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Speaker 3: section of our population for zero. I think that's pathetic,

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Speaker 3: and you know that does look Democrat base and all

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Speaker 3: of them are going to be upset about it. But

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Speaker 3: you know, this is a great view into our broken politics, man,

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Speaker 3: because thank you for shutting our government down for this

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Speaker 3: is the longest government shutdown in US history for literally nothing.

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Speaker 2: Yeah, I mean, if you couldn't stomach the pain that

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Speaker 2: that's the point of a shutdown is you're gonna you're

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Speaker 2: gonna cause some case you're going to make. You know,

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Speaker 2: you're going to cause pain on behalf of using this

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Speaker 2: leverage to extract something that you believe is going to

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Speaker 2: be beneficial for the American public.

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Speaker 4: Like that's the whole idea.

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Speaker 2: If you're if you can't take that pain, don't do

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Speaker 2: it right, just cave a mediate right it'd be better then. Okay,

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Speaker 2: we had on this case and you got nothing, You

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Speaker 2: got nothing out of it. Maybe you've got some better

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Speaker 2: results on election day.

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Speaker 4: I don't know.

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Speaker 2: Maybe it played into that and maybe that was your

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Speaker 2: whole goal. That is actually disgusting. That is actually disgusting,

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Speaker 2: because that's the other thing. As much as you know

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Speaker 2: we were saying, the Supreme Court coming out and saying

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Speaker 2: all right, we're going to basically let the Trump administration

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Speaker 2: continue to deny step benefits the airline, increasing airline chaos.

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Speaker 2: As much as I think that was part of this,

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Speaker 2: I also just given the timing, I feel like these

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Speaker 2: people planned to cave as soon as the election was.

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Speaker 4: Over, Like that was the goal, that was the plan

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Speaker 4: all along.

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Speaker 2: Is what it feels like to me, because again, these

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Speaker 2: were the types who were looking to cave from day one,

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Speaker 2: and you know what, it would have been better if

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Speaker 2: they did, if they just did it from the jump

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Speaker 2: that they never did this because you caused pain and

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Speaker 2: you got nothing. The other thing you were talking about,

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Speaker 2: the limited hangout in the Senate and the way that

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Speaker 2: the Senate operates, you know. The other thing, Trump was

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Speaker 2: threatening to get rid of the filibuster and so that

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Speaker 2: they wouldn't need Democrats to pass anything, which to me,

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Speaker 2: I'm like, good, you should get rid of the filibuster,

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Speaker 2: you know, And there were a lot of Republicans that

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Speaker 2: were nervous about that because they were like, yeah, but

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Speaker 2: then if Democrats get back in power, which increasingly looks

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Speaker 2: possible in the next midterm elections, then they can do

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Speaker 2: things like, you know, they can give DC two senators,

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Speaker 2: they can give Puerto Rico two senators, they can put

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Speaker 2: age limits or term limits or pack the Supreme Court.

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Speaker 2: You know, it opens up possibilities. These types who just

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Speaker 2: voted for this, they also don't want the filibuster to

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Speaker 2: go away, even though some of them will claim that

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Speaker 2: they do. The reason is because then they don't have

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Speaker 2: an excuse to do nothing. Then you actually, like have

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Speaker 2: to take votes and it's actually consequential and things might

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Speaker 2: actually happen. These many of these centrist corporate types, the

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Speaker 2: last thing they want is actual power. The last thing

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Speaker 2: they want is to be able to have to actually

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Speaker 2: explain why they're not delivering for the American people without

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Speaker 2: it being the parliamentarian Oh my god. The Republicans, oh

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Speaker 2: my god, the philibuster. They love having the filibuster as

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Speaker 2: an excuse to do nothing that improves people's lives. So

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Speaker 2: that was the other piece of this is the fact

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Speaker 2: that Trump was starting to put pressure on Republicans like, okay,

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Speaker 2: just knut the filibuster and pass it personally for me,

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Speaker 2: that would have been a better resolution to this, because

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Speaker 2: in either case, Democrats get nothing, and in that case

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Speaker 2: it is abundantly clear, like who forced the shutdown. The

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Speaker 2: Democrats stood firm, and then you know, you've got the

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Speaker 2: filibuster eliminated, and people can actually get what they vote for,

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Speaker 2: and you know, you have a chance of Congress actually

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Speaker 2: being forced to like govern and take stances on issues.

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Speaker 3: Yeah, totally, you're absolute, right, I mean, look, yeah, the

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Speaker 3: Republicans don't want either, right because for them, you know,

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Speaker 3: they're nothing they love more than being in the minority

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Speaker 3: and doing nothing. And then hours too, everybody they've handed

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Speaker 3: all their powers from.

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Speaker 1: Look that, yeah, look at war powers.

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Speaker 3: You know, shortly after we wrapped our show on Thursday,

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Speaker 3: there was this fakes kabooki vote on the War Powers

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Speaker 3: Resolution for Venezuela, which actually went down fifty one to

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Speaker 3: forty nine in the Senate. But the reason only reason

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Speaker 3: why was because the White House came out and said, well, look,

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Speaker 3: we promised that we aren't going to do anything right now,

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Speaker 3: right now whenever it comes to Venezuela. Ever was Oh okay, here,

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Speaker 3: mister Commander in Chief, you have the unilateral authority to

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Speaker 3: not only declare war in an undeclared theater, but to

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Speaker 3: depose a foreign government with US troops and one of

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Speaker 3: the largest deployments in the Caribbean since the nineteen sixties.

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Speaker 1: And we don't have anything to say about it. But

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Speaker 1: Congress is pathetic. It's absolutely pathetic, you know.

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Speaker 3: To your point also about the politics of all this,

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Speaker 3: you flagged this sot from MSNBC where even the Libs

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Speaker 3: on MSNBC are very angry.

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Speaker 1: So let's take a listen. That is a five. Please.

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Speaker 7: Chuck Schumer should negotiated a better deal. He should be

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Speaker 7: in the public more's He's not a bad guy any Stritch,

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Speaker 7: He's just not the right person at the right time.

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Speaker 4: We're going to a different time.

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Speaker 7: You're dealing with a GOP that's an anti democratic movement.

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Speaker 7: They don't care what the American people think on an

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Speaker 7: issue like this. So I think, honestly, this is the

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Speaker 7: end of Chuck Schumer as.

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Speaker 4: We go forward.

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Speaker 8: What do you think of that, Anthony?

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Speaker 4: You know, I've never been a Tuck Schumer fan.

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Speaker 1: Look at this, but I'm not ready to write his obituary.

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Speaker 3: Just shit.

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Speaker 8: I mean, you don't get to be the Senate Democratic

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Speaker 8: leader for as long as he.

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Speaker 4: Has with about some raw political skills.

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Speaker 1: I don't even know. First of all, I don't know

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Speaker 1: who that guy is. But again, that's Sunday Evening fair there.

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Speaker 3: MSBC but I mean, look, I think they extend to

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Speaker 3: the evidence at this point is this people.

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Speaker 1: Are pathetic, absolutely pathetic.

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Speaker 3: And I can tell you know, the Republicans never would

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Speaker 3: have folded for something like this, absolutely not. They never

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Speaker 3: would have Trump had Trump did in the past whenever

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Speaker 3: it came to his previous longest shutdown in what was

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Speaker 3: twenty eighteen I think, yeah, twenty eighteen, twenty nineteen that

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Speaker 3: went into the long year over the it was like

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Speaker 3: the border wall funding. He definitely caved, don't get me wrong,

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Speaker 3: But in terms of the original she destroyed him.

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Speaker 1: Yeah.

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Speaker 3: But when I think back to the shutdowns, the twenty

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Speaker 3: thirteen shutdowns and more that they fought against Obama and

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Speaker 3: including with some of the debt ceiling fights, I mean,

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Speaker 3: you never would have seen this level of cave from them.

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Speaker 1: You can go back and you can read some of

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Speaker 1: the history.

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Speaker 3: They definitely at least got something out of it whenever,

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Speaker 3: and especially in the debt ceiling and eventual like panels

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Speaker 3: and other things for Social Security, entitlements, etc.

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Speaker 1: So yeah, I mean it's bad.

436
00:19:29,040 --> 00:19:31,879
Speaker 3: Like you said, why don't shut the government down if

437
00:19:31,920 --> 00:19:33,960
Speaker 3: you can't take the heat. The whole point is that

438
00:19:34,000 --> 00:19:36,520
Speaker 3: the heat is supposed to do something, and especially after

439
00:19:36,520 --> 00:19:40,200
Speaker 3: getting ratified in an election, in terms of your strategy

440
00:19:40,520 --> 00:19:43,239
Speaker 3: against this, I think it's really pathetic for them as

441
00:19:43,240 --> 00:19:44,040
Speaker 3: a national movement.

442
00:19:46,640 --> 00:19:49,440
Speaker 2: Let's consider the man who is, like, you know who

443
00:19:49,480 --> 00:19:52,639
Speaker 2: they're caving to here, which is Donald Trump. So yesterday

444
00:19:52,680 --> 00:19:56,119
Speaker 2: he went to the Commander's game here in DC.

445
00:19:56,359 --> 00:19:56,879
Speaker 4: What does he do?

446
00:19:57,040 --> 00:20:00,360
Speaker 3: Was like doing some Yes, he also the announced let

447
00:20:00,440 --> 00:20:03,160
Speaker 3: him call some of the plays and he literally was like, well,

448
00:20:03,200 --> 00:20:05,400
Speaker 3: we'll see what happens. Or he would do things where

449
00:20:05,520 --> 00:20:07,280
Speaker 3: he'd be like they scored a touchdown, He's like, we

450
00:20:07,320 --> 00:20:09,760
Speaker 3: need some more of those, you know. Like it was

451
00:20:09,800 --> 00:20:12,960
Speaker 3: like the worst scholar commentary that I have ever seen.

452
00:20:13,480 --> 00:20:16,359
Speaker 3: But I'm a newer NFL fan, so maybe there. I

453
00:20:16,359 --> 00:20:19,280
Speaker 3: think there's some guy out there, another awful announcer. I

454
00:20:19,320 --> 00:20:21,119
Speaker 3: think he's Colling's Worth. I think that's who he is,

455
00:20:21,200 --> 00:20:23,159
Speaker 3: who might be worse than Trump. But that's pretty much.

456
00:20:24,880 --> 00:20:25,760
Speaker 3: I think it's Chris Collins.

457
00:20:26,240 --> 00:20:29,479
Speaker 2: Yeah, yeah, yeah, Okay. So anyway, he was there and

458
00:20:29,600 --> 00:20:31,920
Speaker 2: crowd was not excited. We were excited to see him.

459
00:20:32,000 --> 00:20:35,399
Speaker 2: This was some of the most aggressive anti president booing

460
00:20:35,480 --> 00:20:36,760
Speaker 2: that I think I've ever seen.

461
00:20:37,240 --> 00:20:38,600
Speaker 4: This is A eight. Let's go on and take a

462
00:20:38,640 --> 00:20:41,720
Speaker 4: list of that.

463
00:21:07,800 --> 00:21:10,200
Speaker 2: I mean, that was that was pretty wild, and he's

464
00:21:10,200 --> 00:21:13,160
Speaker 2: trying to okay, to be fair, and I'm just saying,

465
00:21:13,160 --> 00:21:14,640
Speaker 2: this is the cope part of them.

466
00:21:15,080 --> 00:21:17,040
Speaker 3: You are in the DMV at a hometown game and

467
00:21:17,600 --> 00:21:20,760
Speaker 3: commanders where probably three fourths of the audience either knows

468
00:21:20,760 --> 00:21:23,760
Speaker 3: somebody who has been fired or has been fired themselves

469
00:21:23,920 --> 00:21:24,359
Speaker 3: has been.

470
00:21:24,280 --> 00:21:25,879
Speaker 1: For If I was Trump, I would not show up

471
00:21:25,920 --> 00:21:27,359
Speaker 1: to that game. I'd be like, this is the worst.

472
00:21:28,160 --> 00:21:30,160
Speaker 1: It's like, bro, you need to go to a green baking.

473
00:21:29,800 --> 00:21:32,720
Speaker 2: Actually, that's actually I mean, that's that's just a fair point.

474
00:21:32,800 --> 00:21:33,720
Speaker 1: Yeah, that's true.

475
00:21:33,760 --> 00:21:34,240
Speaker 4: But that's the.

476
00:21:34,359 --> 00:21:37,600
Speaker 2: That's the point with like people are blaming him for

477
00:21:37,640 --> 00:21:41,159
Speaker 2: the shutdown, right, I mean the politics Democrats, if they

478
00:21:41,200 --> 00:21:43,800
Speaker 2: were squishing on the politics and who was coming out

479
00:21:43,840 --> 00:21:45,080
Speaker 2: on top in terms.

480
00:21:44,840 --> 00:21:46,280
Speaker 4: Of like the politics of this thing.

481
00:21:46,960 --> 00:21:50,800
Speaker 2: The election results last week should have made abundantly clear

482
00:21:51,600 --> 00:21:54,879
Speaker 2: that people were more blaming Trump. They were blaming the

483
00:21:54,920 --> 00:21:57,720
Speaker 2: Republicans more for the pain, for the chaos. And the

484
00:21:57,720 --> 00:22:00,560
Speaker 2: public never likes the shutdown, right, you know, I'm sure

485
00:22:00,600 --> 00:22:02,600
Speaker 2: Actually if you pull today and you ask the public, like,

486
00:22:02,640 --> 00:22:04,159
Speaker 2: are you happy that there's a deal. Most of the

487
00:22:04,200 --> 00:22:06,920
Speaker 2: public is going to say yes, right, But in terms

488
00:22:06,960 --> 00:22:09,639
Speaker 2: of who was being hurt more, there's no doubt that

489
00:22:09,720 --> 00:22:12,879
Speaker 2: it was the Republicans and Donald Trump in particular. There

490
00:22:12,960 --> 00:22:14,840
Speaker 2: was another thing that's very interesting that I wanted to

491
00:22:14,840 --> 00:22:17,399
Speaker 2: get your thoughts on soccer, which is one of the

492
00:22:17,400 --> 00:22:21,680
Speaker 2: pollsters did this these like word clouds of negative things

493
00:22:21,680 --> 00:22:24,760
Speaker 2: that you'd heard about Trump, and the number one thing

494
00:22:24,800 --> 00:22:28,440
Speaker 2: actually was the shutdown, shutdown government. You still have tariffs

495
00:22:28,480 --> 00:22:31,760
Speaker 2: in there. Immigration is actually on there as well, but

496
00:22:31,880 --> 00:22:35,680
Speaker 2: then very recent oh Epstein is there too. Very recently

497
00:22:35,800 --> 00:22:37,720
Speaker 2: things switched and take a look at this. This is

498
00:22:37,760 --> 00:22:43,760
Speaker 2: fascinating to be ballroom, white house, East Wing, destroying building,

499
00:22:43,800 --> 00:22:48,320
Speaker 2: shutdown is still there, but demolish food stamps and snap

500
00:22:48,359 --> 00:22:52,600
Speaker 2: there as well. But you know, I don't want to

501
00:22:52,640 --> 00:22:54,800
Speaker 2: read too much into it, but I do have to

502
00:22:54,840 --> 00:23:00,879
Speaker 2: say the contrast of them denying people foods, stand benefits,

503
00:23:00,960 --> 00:23:02,959
Speaker 2: giving tax cuts to the ridge, hanging out with all

504
00:23:02,960 --> 00:23:06,119
Speaker 2: these wealthy people, you know, shutting down the government, and

505
00:23:06,160 --> 00:23:09,560
Speaker 2: then meanwhile you're building this gilded ballroom for yourself and

506
00:23:09,560 --> 00:23:12,760
Speaker 2: throwing yourself these fancy parties in mar A Lago. I

507
00:23:12,800 --> 00:23:16,199
Speaker 2: do think that is creating a certain sense among the

508
00:23:16,240 --> 00:23:19,960
Speaker 2: American people. I mean, it is very like Gilded Age coded,

509
00:23:20,359 --> 00:23:23,240
Speaker 2: and it's very detrimental to his brand, which was supposed

510
00:23:23,280 --> 00:23:25,040
Speaker 2: to be like, you know, about the working class and

511
00:23:25,080 --> 00:23:27,280
Speaker 2: really delivering for the people, et cetera, et cetera.

512
00:23:27,680 --> 00:23:30,080
Speaker 3: I think I think it just shows that America is

513
00:23:30,119 --> 00:23:32,600
Speaker 3: a Lindy nation. Lindy is a concept that you know,

514
00:23:32,680 --> 00:23:35,800
Speaker 3: things that it's kind of hard to explain it basically,

515
00:23:35,840 --> 00:23:38,639
Speaker 3: like things that rang true in the past continue to

516
00:23:38,680 --> 00:23:43,120
Speaker 3: ring true throughout time, throughout all American history, especially let's

517
00:23:43,160 --> 00:23:45,919
Speaker 3: say during the Great Depression. I mean, think about it

518
00:23:46,000 --> 00:23:48,080
Speaker 3: during nine to eleven. If you recall, one of the

519
00:23:48,080 --> 00:23:51,080
Speaker 3: most famous moments was not just what happened obviously with

520
00:23:51,160 --> 00:23:54,040
Speaker 3: the attacks, it was George W. Bush's bumbling right whenever

521
00:23:54,240 --> 00:23:57,000
Speaker 3: he's being told about the attacks and he refuses to leave.

522
00:23:57,080 --> 00:24:00,800
Speaker 3: Like symbology in these small moments ends up sively mattering

523
00:24:01,119 --> 00:24:03,840
Speaker 3: things that in the aggregate, did it really matter that

524
00:24:03,880 --> 00:24:04,440
Speaker 3: Bush waited?

525
00:24:04,560 --> 00:24:06,120
Speaker 1: I forget exactly how long he waited, but.

526
00:24:06,040 --> 00:24:08,640
Speaker 3: That was like a huge thing if during the Depression,

527
00:24:08,680 --> 00:24:11,719
Speaker 3: if you've read a decent amount about it, Herbert Hoover's

528
00:24:12,000 --> 00:24:15,400
Speaker 3: five like multi course dinners that were candled it at

529
00:24:15,400 --> 00:24:18,040
Speaker 3: the White House. They became legend in the world of

530
00:24:18,320 --> 00:24:22,080
Speaker 3: Hooverville's and people who were people who were very critical,

531
00:24:22,160 --> 00:24:24,439
Speaker 3: let's say of you know, the Hoover administration would be

532
00:24:24,480 --> 00:24:26,680
Speaker 3: like he dines in the White House while we sit

533
00:24:26,760 --> 00:24:27,359
Speaker 3: here in.

534
00:24:27,400 --> 00:24:30,440
Speaker 1: A Hooverville and we wait for our early pension.

535
00:24:30,520 --> 00:24:33,520
Speaker 3: There was this of these veteran pension marchers that were happening,

536
00:24:33,560 --> 00:24:35,840
Speaker 3: and they were violently kind of thrown out. I think

537
00:24:35,840 --> 00:24:38,159
Speaker 3: it was here in DC that were camping out on

538
00:24:38,200 --> 00:24:39,880
Speaker 3: the National Mall. I'd have to go back and check.

539
00:24:39,920 --> 00:24:42,919
Speaker 3: But the point is like these symbols become things that

540
00:24:42,960 --> 00:24:45,680
Speaker 3: people really latch onto, and I think for a lot

541
00:24:45,680 --> 00:24:48,199
Speaker 3: of people it's about priority. At the end of the day,

542
00:24:48,240 --> 00:24:51,439
Speaker 3: it's all about priority. He obviously is more laser focused

543
00:24:51,480 --> 00:24:55,800
Speaker 3: on adding as much gold home depot decorps as possible

544
00:24:55,920 --> 00:24:58,600
Speaker 3: at the White House and remaking it in the image

545
00:24:58,640 --> 00:25:02,600
Speaker 3: of like a low three star our hotel of what he,

546
00:25:02,840 --> 00:25:05,840
Speaker 3: I guess perceives as good taste. Then he is in

547
00:25:05,960 --> 00:25:08,280
Speaker 3: terms of what's happening to you. That's that's the point.

548
00:25:08,320 --> 00:25:10,760
Speaker 3: That's why the stuff matters. It's not about the gold right,

549
00:25:10,800 --> 00:25:13,440
Speaker 3: I mean, or I would hope so personally somebody loves

550
00:25:13,600 --> 00:25:17,520
Speaker 3: and a statics and hates the current reformation of the

551
00:25:17,520 --> 00:25:19,600
Speaker 3: White House. But I do think, you know, if things

552
00:25:19,600 --> 00:25:21,639
Speaker 3: were going great and nobody would care. But the point

553
00:25:21,720 --> 00:25:23,879
Speaker 3: is is that when you were doing that, your laser

554
00:25:23,880 --> 00:25:25,800
Speaker 3: focus on that, you see all this stuff in the news,

555
00:25:25,880 --> 00:25:29,560
Speaker 3: and you see the bulldozers, the erasure and the construction

556
00:25:29,920 --> 00:25:32,920
Speaker 3: that's happening at the very same time that things are

557
00:25:32,960 --> 00:25:35,159
Speaker 3: just not getting better for you. Let's put the snap

558
00:25:35,200 --> 00:25:38,640
Speaker 3: in the air travel stuff aside, because it's people forget.

559
00:25:38,960 --> 00:25:42,600
Speaker 3: It's not just about that. It's a culmination of it's

560
00:25:42,600 --> 00:25:45,280
Speaker 3: November tenth. Now you got elected about a year ago.

561
00:25:45,720 --> 00:25:49,280
Speaker 3: What have you done for me lately? And that's the point.

562
00:25:49,280 --> 00:25:53,320
Speaker 3: You know, Inflation remains punishingly high. Healthcare premiums and all

563
00:25:53,359 --> 00:25:55,560
Speaker 3: that are going sky high. That's not just because of

564
00:25:55,600 --> 00:25:58,000
Speaker 3: the Obamacare substies. Even in the private market they're up

565
00:25:58,080 --> 00:26:00,680
Speaker 3: like ten fifty percent so or not, I mean the

566
00:26:00,680 --> 00:26:03,040
Speaker 3: employer subsidy market. So if you look at that, if

567
00:26:03,040 --> 00:26:05,320
Speaker 3: you look at grocery store prices, if you look at

568
00:26:05,359 --> 00:26:08,959
Speaker 3: the you know, the AI stuff, data centers, your power bills,

569
00:26:09,320 --> 00:26:12,639
Speaker 3: housing prices are either flat or have gone continue to

570
00:26:12,640 --> 00:26:14,880
Speaker 3: go high. The basics of life are not getting better.

571
00:26:15,040 --> 00:26:17,440
Speaker 3: And I do think what they underestimated is that many

572
00:26:17,480 --> 00:26:19,639
Speaker 3: people we've always said this about Trump. Trump is a

573
00:26:19,680 --> 00:26:22,040
Speaker 3: bomb thrown into the system. And the theory behind a

574
00:26:22,080 --> 00:26:23,800
Speaker 3: bomb thrown in the system is the system is so

575
00:26:23,920 --> 00:26:27,119
Speaker 3: broken that nothing can be done except for choosing somebody

576
00:26:27,119 --> 00:26:30,600
Speaker 3: who's choosing something truly radical. If you rewind to a

577
00:26:30,640 --> 00:26:32,560
Speaker 3: year ago part of the case I made about the

578
00:26:32,560 --> 00:26:35,240
Speaker 3: cash Betels and the you know the RFKJ, I go

579
00:26:35,400 --> 00:26:39,480
Speaker 3: look for most people, roll the dice. No more institutions, nothing,

580
00:26:39,520 --> 00:26:42,840
Speaker 3: no more guard nothing. We need some radical shit to happen.

581
00:26:43,040 --> 00:26:45,920
Speaker 3: And if anything, what's happened instead is, yeah, radical stuff

582
00:26:45,960 --> 00:26:48,560
Speaker 3: has happened in the wrong direction. Right is like you're

583
00:26:48,640 --> 00:26:53,200
Speaker 3: using extraordinary power. Right is you're using radical and extraordinary

584
00:26:53,280 --> 00:26:57,000
Speaker 3: views or theories of executive power to either advance your

585
00:26:57,000 --> 00:27:00,959
Speaker 3: own individual family's interests, to advance let's say, like a

586
00:27:01,000 --> 00:27:03,520
Speaker 3: corporate interest or a tax bill or something, let's say

587
00:27:03,520 --> 00:27:05,760
Speaker 3: some crazy shit on immigration. But at the end of

588
00:27:05,800 --> 00:27:08,840
Speaker 3: the day, what's actually happening for me? That's what people

589
00:27:08,880 --> 00:27:10,880
Speaker 3: want to see. People love radical stuff as long as

590
00:27:10,960 --> 00:27:13,800
Speaker 3: this done in the right direction exactly, And so that

591
00:27:13,920 --> 00:27:17,080
Speaker 3: is what I would say, the ballroom kind of you know,

592
00:27:17,240 --> 00:27:20,840
Speaker 3: comes together. It's it's the hoover having the candlelight dinners.

593
00:27:20,920 --> 00:27:24,400
Speaker 3: It's I mean throughout all history, it's like the symbology

594
00:27:24,440 --> 00:27:26,679
Speaker 3: of it is about cares about that, not about me.

595
00:27:26,840 --> 00:27:28,760
Speaker 4: Yeah, and it's also about you acting like a king.

596
00:27:29,200 --> 00:27:29,920
Speaker 1: Yeah, that's true.

597
00:27:30,320 --> 00:27:32,200
Speaker 2: You know, I've seen people make the point like what

598
00:27:32,320 --> 00:27:34,359
Speaker 2: you think he's building out this three hundred million dollars

599
00:27:34,400 --> 00:27:36,440
Speaker 2: ballroom because he thinks he's going to leave, Like who

600
00:27:36,680 --> 00:27:38,400
Speaker 2: builds that for their successor?

601
00:27:38,440 --> 00:27:39,800
Speaker 4: And that's the other problem for him.

602
00:27:39,760 --> 00:27:42,280
Speaker 2: Is like this is not some little quick, you know,

603
00:27:42,400 --> 00:27:46,359
Speaker 2: weekend renovation project. This construction is going to be ongoing.

604
00:27:46,640 --> 00:27:48,720
Speaker 2: And he does have at least enough of a sense

605
00:27:48,760 --> 00:27:50,600
Speaker 2: to realize it's a bit of a problem for him

606
00:27:50,600 --> 00:27:53,439
Speaker 2: because he banned everybody from taking pictures of it. Like

607
00:27:53,880 --> 00:27:58,199
Speaker 2: this is a man who understands branding, image optics, like

608
00:27:58,280 --> 00:28:02,040
Speaker 2: if nothing else, that's something that he really gets. But

609
00:28:02,160 --> 00:28:05,000
Speaker 2: he's also you know, loves the good, loves a good

610
00:28:05,000 --> 00:28:09,480
Speaker 2: construction project with like laden and gilded with gold, and

611
00:28:09,560 --> 00:28:11,560
Speaker 2: just can't resist it. He's sending out all these pictures

612
00:28:11,560 --> 00:28:14,600
Speaker 2: about his freaking marble bathroom. And then now you know,

613
00:28:14,600 --> 00:28:17,160
Speaker 2: if you scroll on Twitter, you'll just see endless reels

614
00:28:17,280 --> 00:28:19,000
Speaker 2: of what's going on at mar A Lago. You know,

615
00:28:19,080 --> 00:28:22,199
Speaker 2: this weekend they had some opulent seafood buffet with the

616
00:28:22,240 --> 00:28:25,480
Speaker 2: stone crab claws that cost a ridiculous amount per pound,

617
00:28:25,520 --> 00:28:28,840
Speaker 2: while Americans are literally going hungry because you won't send

618
00:28:28,840 --> 00:28:32,119
Speaker 2: out the the food stamp money, that is you're actually

619
00:28:32,160 --> 00:28:34,960
Speaker 2: obligated to send down. So you know, I want to

620
00:28:35,000 --> 00:28:37,320
Speaker 2: give credits in Nero a Dan and she said, she said,

621
00:28:37,400 --> 00:28:39,640
Speaker 2: like they're going to lose. She was like, they're going

622
00:28:39,680 --> 00:28:42,200
Speaker 2: to lose the Metium elections because of this East wing doubles.

623
00:28:42,360 --> 00:28:45,280
Speaker 2: I was like, come, okay, that's a little.

624
00:28:45,360 --> 00:28:47,040
Speaker 3: I was like, I was, I was happy about it.

625
00:28:47,120 --> 00:28:48,760
Speaker 3: I said, people join join me.

626
00:28:49,640 --> 00:28:49,840
Speaker 5: Yeah.

627
00:28:51,560 --> 00:28:55,560
Speaker 3: This Let's always remember politics is bred and circus. It's theater,

628
00:28:55,800 --> 00:28:59,760
Speaker 3: and so any Democrat who is worth you know, anything,

629
00:29:00,120 --> 00:29:02,640
Speaker 3: is running for office should be like, I will tear

630
00:29:02,680 --> 00:29:04,080
Speaker 3: down the ballroom on day one.

631
00:29:04,160 --> 00:29:06,320
Speaker 1: We don't care about the costs, we don't care about it.

632
00:29:06,320 --> 00:29:09,880
Speaker 3: We will rip this ballroom to shreds. We will publish

633
00:29:10,240 --> 00:29:15,040
Speaker 3: daily updates on demolition, the gold will be smelted, and

634
00:29:15,760 --> 00:29:19,520
Speaker 3: whatever actual amount of carrot gold is in the fixings

635
00:29:19,600 --> 00:29:23,479
Speaker 3: of considering that, we will smelt the gold and we

636
00:29:23,520 --> 00:29:26,920
Speaker 3: will distribute it to the American people. We will burn it,

637
00:29:27,040 --> 00:29:29,760
Speaker 3: quite literally, like in Game of Thrones when they melt

638
00:29:29,760 --> 00:29:31,960
Speaker 3: it and then they pour it on the face of

639
00:29:32,080 --> 00:29:34,680
Speaker 3: the opponent. That is what we promised to do. We

640
00:29:34,720 --> 00:29:37,840
Speaker 3: will restore the Oval to its glory of John F.

641
00:29:37,920 --> 00:29:38,320
Speaker 1: Kennedy.

642
00:29:38,440 --> 00:29:40,960
Speaker 3: Whenever it was understated, it was a place of work,

643
00:29:41,120 --> 00:29:43,040
Speaker 3: and it was one in which we could all see

644
00:29:43,040 --> 00:29:46,600
Speaker 3: ourselves in the Oval Office and not instead the throne

645
00:29:46,680 --> 00:29:49,120
Speaker 3: room at Versailles. See, these are all good things that

646
00:29:49,640 --> 00:29:52,200
Speaker 3: I like, but I mean, look at this point, listen,

647
00:29:52,200 --> 00:29:54,840
Speaker 3: it's obviously it's caught on. People are mad. They're mad

648
00:29:54,840 --> 00:29:56,920
Speaker 3: about it, and I like it, I think because as

649
00:29:57,000 --> 00:29:59,440
Speaker 3: you said, there's a there's the kingly element to it.

650
00:29:59,600 --> 00:30:02,040
Speaker 3: There's all also something. I mean, I always said this

651
00:30:02,040 --> 00:30:04,280
Speaker 3: about his demolition. It was like, dude, it's not about you.

652
00:30:04,360 --> 00:30:05,840
Speaker 3: The whole point is that the White House is literally

653
00:30:05,840 --> 00:30:07,960
Speaker 3: not about you. The white House transcends and I don't

654
00:30:07,960 --> 00:30:08,480
Speaker 3: even like the one.

655
00:30:08,480 --> 00:30:09,240
Speaker 1: The white House sucks.

656
00:30:09,240 --> 00:30:11,560
Speaker 3: If you've ever been there, it's dis dingy has been

657
00:30:11,560 --> 00:30:14,440
Speaker 3: renovated since the nineteen eighties. It's actually not nice. I'm

658
00:30:14,440 --> 00:30:16,240
Speaker 3: not saying Trump doesn't have a point. I think the

659
00:30:16,280 --> 00:30:18,000
Speaker 3: point for all of us is like, yeah, but we don't.

660
00:30:18,040 --> 00:30:19,800
Speaker 3: We didn't ask you to turn it into mar A Lago.

661
00:30:20,200 --> 00:30:23,280
Speaker 3: Like that photo of the Lincoln Ball bedroom bath that

662
00:30:23,320 --> 00:30:25,440
Speaker 3: almost gave me a heart attack. Okay, that almost give

663
00:30:25,440 --> 00:30:28,040
Speaker 3: me a heart attack. I mean, seeing I can't deal

664
00:30:28,080 --> 00:30:30,360
Speaker 3: with this. I mean, we were not living in Las Vegas.

665
00:30:30,840 --> 00:30:33,120
Speaker 3: It's like it's it's actually going to make me have

666
00:30:33,240 --> 00:30:34,200
Speaker 3: a meltdown.

667
00:30:34,240 --> 00:30:36,160
Speaker 1: And it's one of those where I think.

668
00:30:35,960 --> 00:30:39,000
Speaker 2: There are a lot of people apparently apparently that was

669
00:30:39,000 --> 00:30:39,680
Speaker 2: the norm.

670
00:30:39,800 --> 00:30:40,640
Speaker 1: I love it. I love it.

671
00:30:40,760 --> 00:30:43,920
Speaker 2: The norm sense was like was like now you've gone

672
00:30:43,920 --> 00:30:44,240
Speaker 2: too far.

673
00:30:44,360 --> 00:30:47,400
Speaker 4: Yes, now you've gone Yes.

674
00:30:47,880 --> 00:30:50,320
Speaker 3: Not everything needs to look like the Platzo in Las Vegas,

675
00:30:50,440 --> 00:30:53,440
Speaker 3: or the Trump International Hotel or any of these points. Again,

676
00:30:53,560 --> 00:30:56,040
Speaker 3: the point is it's not yours to do the whole

677
00:30:56,080 --> 00:30:59,320
Speaker 3: that's the whole point. It's not for you to I mean,

678
00:30:59,360 --> 00:31:03,480
Speaker 3: the Walk of Fame thing in the Colonnade, that's.

679
00:31:03,280 --> 00:31:04,960
Speaker 4: The it's the column disgusting.

680
00:31:05,160 --> 00:31:07,360
Speaker 3: It's like, that's where we take photos with world leaders

681
00:31:07,360 --> 00:31:08,600
Speaker 3: and now we've fucking gold.

682
00:31:08,640 --> 00:31:11,200
Speaker 4: Ever literally looks with the sign. It literally looks like

683
00:31:11,280 --> 00:31:12,480
Speaker 4: the Venetian in Vegas.

684
00:31:13,080 --> 00:31:16,760
Speaker 1: Who needs to Why do we need to label the

685
00:31:16,760 --> 00:31:18,480
Speaker 1: Oval Office? You don't need a label.

686
00:31:18,520 --> 00:31:19,040
Speaker 8: I'm the obile.

687
00:31:19,080 --> 00:31:22,360
Speaker 1: It's the it's the most recognizable room in the nation.

688
00:31:22,600 --> 00:31:24,960
Speaker 1: You don't need a sign in the OV. It's like

689
00:31:25,000 --> 00:31:25,400
Speaker 1: going to.

690
00:31:25,360 --> 00:31:28,240
Speaker 3: Some shitty golf course, like a public golf course that

691
00:31:28,320 --> 00:31:31,240
Speaker 3: you pay like fifty dollars for entry, and there's a

692
00:31:31,280 --> 00:31:32,800
Speaker 3: sign that says the clubhouse.

693
00:31:32,880 --> 00:31:36,560
Speaker 2: You know, it's funny you say that script Legit reminds

694
00:31:36,560 --> 00:31:39,280
Speaker 2: me of like country. It's like where you post, you know,

695
00:31:39,400 --> 00:31:42,000
Speaker 2: the best golfers at the club or whatever.

696
00:31:42,040 --> 00:31:42,920
Speaker 4: That's what it looks like.

697
00:31:43,160 --> 00:31:45,040
Speaker 2: And just one last piece on this to the point,

698
00:31:45,080 --> 00:31:47,840
Speaker 2: put a twelve up on the screen, like meanwhile, this

699
00:31:48,040 --> 00:31:51,120
Speaker 2: is what I believe. This is Newark looks like yesterday,

700
00:31:51,240 --> 00:31:53,120
Speaker 2: all those planes waiting for takeoff.

701
00:31:53,400 --> 00:31:54,800
Speaker 4: And by the way, you.

702
00:31:54,720 --> 00:31:57,360
Speaker 2: Know, even look, it's the government's not reopened yet. It's

703
00:31:57,360 --> 00:31:59,239
Speaker 2: gonna take some time. Blah blah blah blah blah. It's

704
00:31:59,240 --> 00:32:01,040
Speaker 2: got to go through house, back to the Senate, et cetera.

705
00:32:01,080 --> 00:32:04,760
Speaker 2: Et cetera. But you had a bunch of air traffic

706
00:32:04,800 --> 00:32:08,160
Speaker 2: controllers and Sean Davy came out and said this, who

707
00:32:08,560 --> 00:32:11,520
Speaker 2: are gone? Like they resigned there. I can't go without

708
00:32:11,560 --> 00:32:13,920
Speaker 2: a paycheck, Like screw this. I'm done with this job.

709
00:32:13,960 --> 00:32:16,920
Speaker 2: This job is difficult, it's stressful, and now I'm supposed

710
00:32:16,960 --> 00:32:19,760
Speaker 2: to work endlessly without getting paid. See ya, I'm out

711
00:32:19,800 --> 00:32:22,959
Speaker 2: of here. So these problems are not just gonna like

712
00:32:23,120 --> 00:32:26,520
Speaker 2: fix themselves. Once the government is reopened, it'll be better.

713
00:32:27,000 --> 00:32:31,280
Speaker 2: But you've now lost critical capacity at our nation's airports

714
00:32:31,600 --> 00:32:33,800
Speaker 2: and you know, ryland caring about that or the people

715
00:32:33,880 --> 00:32:36,960
Speaker 2: are going hungry, and there's literal breadlines and you know,

716
00:32:37,040 --> 00:32:40,200
Speaker 2: cities across the country and seventy some percent of the

717
00:32:40,360 --> 00:32:43,440
Speaker 2: country says the economy's poor, and you're giving the store

718
00:32:43,480 --> 00:32:46,040
Speaker 2: away to a bunch of oligarchs and sucking up, you know,

719
00:32:46,080 --> 00:32:48,040
Speaker 2: as much cash as you can in your in your

720
00:32:48,080 --> 00:32:49,960
Speaker 2: own pocket. Instead of caring about any of the things

721
00:32:50,000 --> 00:32:52,560
Speaker 2: that American people actually care about. You're building a friggin

722
00:32:52,600 --> 00:32:54,600
Speaker 2: ballroom for yourself. Okay, got it?

723
00:32:54,840 --> 00:32:57,880
Speaker 4: Got it.

724
00:32:58,080 --> 00:33:02,600
Speaker 2: Fortunate to be joined this morning by Representative Rocanna of California.

725
00:33:02,720 --> 00:33:07,560
Speaker 2: Great to Seeesar Caesar, good morning, so you tweeted yesterday

726
00:33:07,640 --> 00:33:11,800
Speaker 2: in response to a number of centrist Democrats caving to

727
00:33:11,880 --> 00:33:15,160
Speaker 2: the Republicans and voting for the shutdown deal. You tweeted this,

728
00:33:15,720 --> 00:33:18,880
Speaker 2: Senator Schumer is no longer effective and should be replaced.

729
00:33:18,920 --> 00:33:21,200
Speaker 2: If you can't lead the fight to stop healthcare premiums

730
00:33:21,240 --> 00:33:24,960
Speaker 2: from skyrocketing for Americans, what will you fight for?

731
00:33:25,680 --> 00:33:27,120
Speaker 4: What led you to that conclusion?

732
00:33:27,120 --> 00:33:31,280
Speaker 8: Congreson just a moral discussed? I mean, I know personally,

733
00:33:31,320 --> 00:33:34,120
Speaker 8: as I'm sure you do, people whose premiums are going

734
00:33:34,200 --> 00:33:36,880
Speaker 8: to go up one thousand, two thousand dollars a month.

735
00:33:37,800 --> 00:33:40,880
Speaker 8: Millions of Americans are literally going to get kicked off healthcare,

736
00:33:41,480 --> 00:33:45,360
Speaker 8: and we can't fight to make sure that their premiums

737
00:33:45,360 --> 00:33:50,120
Speaker 8: don't go up after the Tuesday wins. It's just political malpractice. Here.

738
00:33:50,120 --> 00:33:53,760
Speaker 8: You have Donald Trump on the ropes, scrambling, trying to

739
00:33:53,800 --> 00:33:56,920
Speaker 8: make some deal, and we basically say, well, we don't

740
00:33:56,960 --> 00:33:59,320
Speaker 8: care if the premiums go up, Like what do we

741
00:33:59,440 --> 00:34:02,720
Speaker 8: stand for? So he needs to be replaced and step down.

742
00:34:02,920 --> 00:34:05,000
Speaker 8: More Democrats need to be calling for that. The only

743
00:34:05,040 --> 00:34:06,960
Speaker 8: reason they aren't calling for it, let me be blunt,

744
00:34:07,240 --> 00:34:09,160
Speaker 8: is because you offend a lot of donors. There are

745
00:34:09,160 --> 00:34:11,000
Speaker 8: a lot of billionaires, There are a lot of donors

746
00:34:11,200 --> 00:34:14,400
Speaker 8: that contribute to the d SEC, that contribute to Chuck Schumer.

747
00:34:14,640 --> 00:34:16,279
Speaker 8: But you know, we've got to make a choice of

748
00:34:16,360 --> 00:34:19,160
Speaker 8: this party. Are we going to be beholden to the

749
00:34:19,200 --> 00:34:22,920
Speaker 8: donors that have gotten us two terms of don from

750
00:34:23,160 --> 00:34:25,520
Speaker 8: are we going to listen to people? Sir?

751
00:34:26,680 --> 00:34:29,480
Speaker 3: To the cope from the Schumer crowd is well, he voted. No,

752
00:34:29,640 --> 00:34:31,319
Speaker 3: what is he supposed to do? He can't keep his

753
00:34:31,360 --> 00:34:32,960
Speaker 3: caucus in line? What's the response to that?

754
00:34:34,360 --> 00:34:37,759
Speaker 8: Come? I'm sure's been in politics for fifty years. I

755
00:34:37,760 --> 00:34:41,400
Speaker 8: mean even he would couldn't say that with a straight face.

756
00:34:42,040 --> 00:34:46,040
Speaker 8: He controls the caucus, he determines when a deal can

757
00:34:46,080 --> 00:34:48,880
Speaker 8: be cut. He obviously gave them the green light. I

758
00:34:48,880 --> 00:34:51,759
Speaker 8: don't think he would even deny that. He didn't call

759
00:34:51,840 --> 00:34:54,759
Speaker 8: up Dick Durbin, his number two and say, hey, Dick,

760
00:34:55,239 --> 00:34:58,640
Speaker 8: maybe you shouldn't be voting this way. So this is

761
00:34:59,040 --> 00:35:02,440
Speaker 8: the typical gain it. It actually adds to the cynicism.

762
00:35:02,640 --> 00:35:04,000
Speaker 8: I mean, if you had just voted for it, at

763
00:35:04,080 --> 00:35:06,520
Speaker 8: least he could have made Maybe you have some principal argument,

764
00:35:06,560 --> 00:35:09,200
Speaker 8: but this is the worst of both worlds. It's like, look,

765
00:35:09,239 --> 00:35:11,160
Speaker 8: I'm going to try to play a political game, but

766
00:35:11,239 --> 00:35:12,839
Speaker 8: at the end of the day, the premiums are still

767
00:35:12,840 --> 00:35:13,399
Speaker 8: going to go up.

768
00:35:14,480 --> 00:35:17,400
Speaker 2: So Congressman, let me play devil's advocate here. So what

769
00:35:17,440 --> 00:35:21,480
Speaker 2: the Center say is basically like, look, the Republicans drew

770
00:35:21,520 --> 00:35:25,520
Speaker 2: a hardline. They were not bending. Trump isn't even negotiating

771
00:35:25,560 --> 00:35:28,640
Speaker 2: with us. They say they will not give us anything

772
00:35:28,719 --> 00:35:31,120
Speaker 2: other than this. And meanwhile, you've got forty plus million

773
00:35:31,120 --> 00:35:33,520
Speaker 2: people who are going hungry without food stamps. You've got

774
00:35:33,520 --> 00:35:35,960
Speaker 2: all these federal government workers who are on of work

775
00:35:36,800 --> 00:35:40,600
Speaker 2: getting paychecks. You've got increasing chaos at the airlines. I

776
00:35:40,640 --> 00:35:43,160
Speaker 2: know you yourself have suffered from some of the air

777
00:35:43,239 --> 00:35:46,239
Speaker 2: travel nightmares. We're heading into Thanksgiving here, like we're trying

778
00:35:46,239 --> 00:35:47,319
Speaker 2: to be the adults in the room.

779
00:35:47,440 --> 00:35:49,200
Speaker 4: What do you say to that, Well.

780
00:35:49,000 --> 00:35:52,720
Speaker 8: Look, obviously people are suffering in my district. They're suffering

781
00:35:52,760 --> 00:35:55,799
Speaker 8: in terms of the snap benefits being cut. There's no

782
00:35:55,920 --> 00:35:58,080
Speaker 8: doubt that on the airlines. I mean, I was just

783
00:35:58,120 --> 00:36:00,880
Speaker 8: talking yesterday. It was in the air for six hours.

784
00:36:00,880 --> 00:36:03,640
Speaker 8: There are a lot of lines cuts. Air traffic controllers

785
00:36:03,640 --> 00:36:08,120
Speaker 8: aren't being paid, Congressional staff aren't being paid, Federal workers

786
00:36:08,120 --> 00:36:11,319
Speaker 8: aren't being paid. I get all of that, and what

787
00:36:11,360 --> 00:36:13,439
Speaker 8: we should be telling you about is reopening the House

788
00:36:13,480 --> 00:36:16,960
Speaker 8: of Representatives so we can vote to extend staff benefits

789
00:36:17,000 --> 00:36:19,080
Speaker 8: paid troops. I think we had a lot of leverage

790
00:36:19,080 --> 00:36:21,920
Speaker 8: to continue to put the pressure on to do that,

791
00:36:22,120 --> 00:36:24,960
Speaker 8: but you had Donald Trump literally saying we lost the

792
00:36:25,000 --> 00:36:27,799
Speaker 8: election because of this. We need to get some deal.

793
00:36:28,040 --> 00:36:30,680
Speaker 8: And I think we could have gotten an extension. Could

794
00:36:30,719 --> 00:36:33,239
Speaker 8: we have gotten it permanent on the tax credits, maybe not,

795
00:36:33,520 --> 00:36:36,600
Speaker 8: but a year. I mean there were Republican House members

796
00:36:36,680 --> 00:36:39,440
Speaker 8: like lower who were willing to give a year. And

797
00:36:39,480 --> 00:36:42,920
Speaker 8: the fact is that we've gotten nothing. I mean, that's

798
00:36:43,000 --> 00:36:45,760
Speaker 8: what is so frustrating about the situation.

799
00:36:46,400 --> 00:36:48,800
Speaker 3: And then I mean, how do you think Leader Jeffries

800
00:36:48,880 --> 00:36:51,600
Speaker 3: is going to handle this in the House of Representatives congressman.

801
00:36:52,000 --> 00:36:54,040
Speaker 8: So far he is saying that we're going to fight

802
00:36:54,080 --> 00:36:58,360
Speaker 8: it with any procedural vote we can. I mean, we

803
00:36:58,440 --> 00:37:02,240
Speaker 8: need a few Republicans to write. They may break depending

804
00:37:02,320 --> 00:37:05,560
Speaker 8: on what the bill is. So the Democrats in the

805
00:37:05,560 --> 00:37:09,320
Speaker 8: House are going to stay united and fight for the

806
00:37:10,080 --> 00:37:11,480
Speaker 8: stopping the premium increases.

807
00:37:11,840 --> 00:37:14,879
Speaker 2: You know, back to on the point with Schumer, one

808
00:37:14,880 --> 00:37:17,720
Speaker 2: of your colleagues Marktoken also tweeted this out. He said,

809
00:37:17,960 --> 00:37:20,320
Speaker 2: don't endorse or say who you voted for in NYC

810
00:37:20,440 --> 00:37:23,279
Speaker 2: despite there being a DEM candidate. Get DEM senators to

811
00:37:23,280 --> 00:37:26,360
Speaker 2: negotiate a terrible deal that does nothing real about healthcare.

812
00:37:26,400 --> 00:37:31,040
Speaker 2: Screw over a national political party profile of courage of profile.

813
00:37:31,080 --> 00:37:33,320
Speaker 2: I think he most meant to say profile of courage,

814
00:37:33,400 --> 00:37:37,400
Speaker 2: question mark next. So clearly your sentiment is shared by

815
00:37:37,440 --> 00:37:39,319
Speaker 2: at least some of your colleagues, you know.

816
00:37:39,400 --> 00:37:41,000
Speaker 4: And I think the point he makes.

817
00:37:40,800 --> 00:37:45,279
Speaker 2: There too about Chuck Schumer refusing to even say who

818
00:37:45,320 --> 00:37:47,960
Speaker 2: he voted for in New York City, I think it's

819
00:37:47,960 --> 00:37:50,520
Speaker 2: an important one as well, because if you're going to

820
00:37:50,520 --> 00:37:53,960
Speaker 2: be a leader of the Democratic Party and the Democratic

821
00:37:54,000 --> 00:37:57,080
Speaker 2: base is saying, hey, this is Zorammdani, this is our guy. Like,

822
00:37:57,120 --> 00:37:59,120
Speaker 2: we like this guy, we like the direction he's going for.

823
00:37:59,120 --> 00:38:00,759
Speaker 2: We're going to vote from the mary, We're going to

824
00:38:00,760 --> 00:38:02,680
Speaker 2: show up in record breaking numbers to vote from.

825
00:38:02,560 --> 00:38:04,920
Speaker 4: The general election. Make sure that he wins.

826
00:38:05,360 --> 00:38:08,799
Speaker 2: And you can't even say that you voted for the

827
00:38:08,880 --> 00:38:12,080
Speaker 2: Democratic candidate. I mean, how out of step are you

828
00:38:12,239 --> 00:38:14,880
Speaker 2: with the own like your own voters in the party,

829
00:38:14,960 --> 00:38:17,040
Speaker 2: let alone you know your own cauc is let alone,

830
00:38:17,160 --> 00:38:20,799
Speaker 2: you know, colleagues such as you. But he's also and

831
00:38:20,840 --> 00:38:24,680
Speaker 2: most importantly, wildly out of step with where his own

832
00:38:24,760 --> 00:38:26,760
Speaker 2: voters are within the Democratic Party.

833
00:38:27,520 --> 00:38:31,080
Speaker 8: So you're absolutely right. I mean, look, this was the

834
00:38:31,200 --> 00:38:34,120
Speaker 8: straw that broke the camel's back. You had Chuck Schumer

835
00:38:34,200 --> 00:38:36,640
Speaker 8: chair leading into the war in Iraq. You've had Chuck

836
00:38:36,680 --> 00:38:39,799
Speaker 8: Schumer cheer leading for a blank check to Neetnyahu. You've

837
00:38:39,800 --> 00:38:44,000
Speaker 8: had Chuck ch Schumer betraying us on the first shutdown.

838
00:38:44,280 --> 00:38:47,560
Speaker 8: You then had Chuck Schumer given multiple opportunities after Zoron

839
00:38:47,640 --> 00:38:50,400
Speaker 8: won the primary to at least endorse him, even if

840
00:38:50,400 --> 00:38:52,759
Speaker 8: it was a pro form of endorsement. He doesn't do that.

841
00:38:53,000 --> 00:38:55,279
Speaker 8: And now he's not even willing to fight to make

842
00:38:55,320 --> 00:38:57,839
Speaker 8: sure that the ACA subsidies don't increase. So to your

843
00:38:58,160 --> 00:39:03,000
Speaker 8: earlier question about their difficult questions on snap benefits and

844
00:39:03,080 --> 00:39:05,719
Speaker 8: proof pay, of course there are And maybe if this

845
00:39:05,880 --> 00:39:09,440
Speaker 8: was the only context, chun Truber would have some grace

846
00:39:09,480 --> 00:39:12,719
Speaker 8: and goodwill and say, Okay, we disagree, we disagree with

847
00:39:12,760 --> 00:39:14,799
Speaker 8: this deal, but it's not enough to call for you

848
00:39:14,880 --> 00:39:18,080
Speaker 8: to step down. But this is the culmination of someone

849
00:39:18,080 --> 00:39:20,279
Speaker 8: who just doesn't get it who doesn't get how much

850
00:39:20,320 --> 00:39:23,640
Speaker 8: people are hurting, Who doesn't get where the base of

851
00:39:23,680 --> 00:39:26,480
Speaker 8: this party is. Who doesn't get how upset this party

852
00:39:26,520 --> 00:39:28,640
Speaker 8: has been that we're giving all this money to overseas

853
00:39:28,680 --> 00:39:31,440
Speaker 8: worse and not doing healthcare here. Who certainly is never

854
00:39:31,440 --> 00:39:34,480
Speaker 8: going to support Medicare for all. He's just out of

855
00:39:35,719 --> 00:39:37,400
Speaker 8: He's not the future of the party.

856
00:39:37,520 --> 00:39:39,480
Speaker 1: Yeah, thank you so much for joining us, Congressman. We

857
00:39:39,520 --> 00:39:40,080
Speaker 1: appreciate it.

858
00:39:40,480 --> 00:39:41,719
Speaker 8: Thank you appreciate it.

859
00:39:44,800 --> 00:39:49,440
Speaker 3: Turning now to affordability, the White House denying of the

860
00:39:49,480 --> 00:39:52,919
Speaker 3: affordability campaign of Zora Mamdani in New York City, saying

861
00:39:52,960 --> 00:39:54,640
Speaker 3: that is a bit of a democratic hoax, but at

862
00:39:54,640 --> 00:39:57,640
Speaker 3: the very same time acknowledging it's a huge problem actually

863
00:39:57,680 --> 00:40:00,120
Speaker 3: for them in the elections that are coming forward in

864
00:40:00,160 --> 00:40:02,440
Speaker 3: twenty twenty six. And they've come up with some truly

865
00:40:02,520 --> 00:40:05,040
Speaker 3: boneheaded plans. But first let's start with Donald Trump on

866
00:40:05,160 --> 00:40:06,240
Speaker 3: affordability itself.

867
00:40:06,280 --> 00:40:07,600
Speaker 1: Is it a problem? Let's take a listen.

868
00:40:07,920 --> 00:40:12,400
Speaker 9: Walmart said that the Thanksgiving was twenty five more expensive,

869
00:40:12,480 --> 00:40:15,840
Speaker 9: twenty five percent more expensive under Biden.

870
00:40:16,040 --> 00:40:18,440
Speaker 8: That's a big to me, that's a that's a.

871
00:40:18,360 --> 00:40:22,520
Speaker 9: Big number because Walmart's respected, I mean, Walmart is Walmart,

872
00:40:22,600 --> 00:40:25,560
Speaker 9: and you know they're giving you prices, So that would

873
00:40:25,560 --> 00:40:30,640
Speaker 9: mean that the whole series of pricing and costs, you know,

874
00:40:30,719 --> 00:40:33,759
Speaker 9: the groceries and everything else, it was a conjob. It

875
00:40:33,800 --> 00:40:37,080
Speaker 9: was a conjob. Affordability they call it was a conjob

876
00:40:37,520 --> 00:40:40,800
Speaker 9: by the Democrats. The Democrats are good at a few things,

877
00:40:40,880 --> 00:40:44,720
Speaker 9: cheating on elections and conning people with facts that are true.

878
00:40:45,200 --> 00:40:50,279
Speaker 3: Affordability was a con job. Trump has become biden like

879
00:40:50,360 --> 00:40:52,600
Speaker 3: it literally in the exact say, well, they're lying to

880
00:40:52,680 --> 00:40:56,120
Speaker 3: you about the numbers, and then they're putting out charts.

881
00:40:56,360 --> 00:40:59,360
Speaker 3: They're doing everything they possibly can. They'll well, the stock

882
00:40:59,360 --> 00:41:01,960
Speaker 3: market is new all time highs, and everybody's like, yeah,

883
00:41:01,960 --> 00:41:04,400
Speaker 3: but it's actually still too expensive, Like it's not that

884
00:41:04,480 --> 00:41:06,040
Speaker 3: difficult to figure it out.

885
00:41:06,080 --> 00:41:08,040
Speaker 1: It's actually shocking.

886
00:41:07,680 --> 00:41:10,920
Speaker 3: How quickly you could turn from the people who correctly

887
00:41:10,960 --> 00:41:13,719
Speaker 3: in my opinion, made fun of Bidenomics, only to then

888
00:41:13,760 --> 00:41:15,960
Speaker 3: do your only version of that.

889
00:41:16,000 --> 00:41:18,120
Speaker 1: They also borrowing from Biden are.

890
00:41:17,960 --> 00:41:22,680
Speaker 3: Doing boneheaded, idiotic proposals which will do absolutely nothing and

891
00:41:22,800 --> 00:41:25,360
Speaker 3: reveal how corrupt the entire system is. Let's just go

892
00:41:25,400 --> 00:41:27,080
Speaker 3: ahead and put this one up here on the screen,

893
00:41:27,120 --> 00:41:31,239
Speaker 3: shall we. So this is from Bill Poulty, who is

894
00:41:31,320 --> 00:41:35,600
Speaker 3: the US Director of Federal Housing, and in response to

895
00:41:35,640 --> 00:41:39,719
Speaker 3: the Zoron Mamdani election, which was centered around affordability and

896
00:41:39,800 --> 00:41:43,640
Speaker 3: around rent, he says, thanks to President Trump, we are

897
00:41:43,680 --> 00:41:49,879
Speaker 3: indeed working on the fifty year mortgage, a complete game changer. Now,

898
00:41:49,920 --> 00:41:53,560
Speaker 3: the theory behind the fifty year mortgage is, oh, hey,

899
00:41:53,719 --> 00:41:57,520
Speaker 3: the thirty year mortgage. You know, that storied thing in

900
00:41:57,560 --> 00:42:01,919
Speaker 3: the US history finance, the ability of the middle class

901
00:42:01,960 --> 00:42:04,040
Speaker 3: to others to get in the housing market. The problem

902
00:42:04,080 --> 00:42:06,840
Speaker 3: with affordability is that people's mortgage payments are too expensive,

903
00:42:06,920 --> 00:42:09,320
Speaker 3: definitely true. And so what we will do is we

904
00:42:09,360 --> 00:42:12,160
Speaker 3: will extend it twenty years over its life cycle. And

905
00:42:12,200 --> 00:42:14,560
Speaker 3: by doing that, you will save a couple hundred dollars

906
00:42:14,600 --> 00:42:17,120
Speaker 3: per month, which you know, not exactly a lot, but

907
00:42:17,160 --> 00:42:20,440
Speaker 3: you will pay millions dollars more in interest to the bank,

908
00:42:20,760 --> 00:42:23,000
Speaker 3: and you will basically be a renter. And by the way,

909
00:42:23,040 --> 00:42:25,919
Speaker 3: we're not going to do anything about capital being able

910
00:42:25,960 --> 00:42:27,880
Speaker 3: to come in to the housing market. We're not to

911
00:42:27,880 --> 00:42:30,080
Speaker 3: do anything to incentivize first time on the home buyers.

912
00:42:30,120 --> 00:42:32,000
Speaker 3: We're not going to inject a massive amount of money

913
00:42:32,040 --> 00:42:33,840
Speaker 3: to build more housing. We're not going to do anything

914
00:42:33,840 --> 00:42:35,880
Speaker 3: on the supply side. We're actually just going to make

915
00:42:35,880 --> 00:42:38,680
Speaker 3: it so that the demand side is slightly let's say,

916
00:42:38,680 --> 00:42:41,560
Speaker 3: maybe five percent a little bit better for the potential buyer,

917
00:42:41,800 --> 00:42:44,600
Speaker 3: and it's I don't know, two three hundred percent better

918
00:42:44,719 --> 00:42:47,040
Speaker 3: for the banks and for the financial institutions. If you

919
00:42:47,040 --> 00:42:48,600
Speaker 3: don't believe me, just check out the math and you

920
00:42:48,600 --> 00:42:51,239
Speaker 3: can do this for yourself and any mortgage calculator if

921
00:42:51,239 --> 00:42:51,480
Speaker 3: you want.

922
00:42:51,520 --> 00:42:53,160
Speaker 1: Put this up here on the screen. I love this.

923
00:42:53,480 --> 00:42:56,240
Speaker 3: Five hundred thousand dollars house twenty twenty one, three percent

924
00:42:56,280 --> 00:42:59,239
Speaker 3: interest rate, twenty one hundred dollars payment, mortgage, thirty years

925
00:42:59,320 --> 00:43:02,839
Speaker 3: total interest payment. It's quarter of a million twenty twenty five,

926
00:43:02,880 --> 00:43:05,920
Speaker 3: five hundred thousand dollars house, seven percent interest rate, three

927
00:43:06,000 --> 00:43:08,480
Speaker 3: thousand dollars payment mortgage in a fifty year mortgage, so

928
00:43:08,560 --> 00:43:10,680
Speaker 3: that twenty year longer, but with double the interest rate,

929
00:43:10,800 --> 00:43:16,720
Speaker 3: total interest payments one million dollars, a million dollars in.

930
00:43:16,560 --> 00:43:18,719
Speaker 4: Interest, double the amount of the house.

931
00:43:18,600 --> 00:43:21,720
Speaker 3: Double just in interest, just in interest, double the amount

932
00:43:21,760 --> 00:43:23,120
Speaker 3: of it. And by the way, that's the case in

933
00:43:23,160 --> 00:43:24,880
Speaker 3: many of these thirty year mortgages too. Part of the

934
00:43:24,920 --> 00:43:28,800
Speaker 3: reason Ramsey pill second discussion, we'll put that to the side.

935
00:43:29,000 --> 00:43:31,080
Speaker 3: You should all take a look what is it called

936
00:43:31,120 --> 00:43:35,000
Speaker 3: the amortization schedule on your mortgage. Seriously, please go and

937
00:43:35,040 --> 00:43:37,600
Speaker 3: look at the calculators for these things. The extending the

938
00:43:37,640 --> 00:43:40,320
Speaker 3: life cycle of the mortgage barely saves you any money

939
00:43:40,400 --> 00:43:43,720
Speaker 3: in terms of the overall period. It is a boon

940
00:43:43,960 --> 00:43:46,360
Speaker 3: to the bank in a way I can't even describe.

941
00:43:46,400 --> 00:43:47,400
Speaker 1: I mean, look at that.

942
00:43:47,400 --> 00:43:51,480
Speaker 3: That's three quarters of a million dollars in interest that the

943
00:43:51,520 --> 00:43:54,280
Speaker 3: bank gets for Chase Manhattan and all these other people

944
00:43:54,480 --> 00:43:57,480
Speaker 3: to increase their to increase their stocks or whatever.

945
00:43:57,719 --> 00:43:59,920
Speaker 1: It's a disastrous idea.

946
00:44:00,040 --> 00:44:02,960
Speaker 3: It also, in my opinion, gives the game away as

947
00:44:02,960 --> 00:44:05,160
Speaker 3: to how these people actually have.

948
00:44:05,360 --> 00:44:08,000
Speaker 1: Genuinely no solutions whenever it comes to housing.

949
00:44:08,239 --> 00:44:10,520
Speaker 3: Now, on the healthcare thing, we were originally going to

950
00:44:10,560 --> 00:44:12,640
Speaker 3: do a segment about healthcare premiums, so we can debate

951
00:44:12,640 --> 00:44:16,319
Speaker 3: all day long, you know, Medicare for All, coverage, price controls, etc.

952
00:44:16,800 --> 00:44:19,480
Speaker 3: The point, though, unfortunately, is that neither party actually believes

953
00:44:19,520 --> 00:44:21,400
Speaker 3: in either of those, and I'm seeing that whenever it

954
00:44:21,400 --> 00:44:24,120
Speaker 3: comes to housing as well. At the local level, people

955
00:44:24,200 --> 00:44:26,000
Speaker 3: in San Francisco are fed up, and you know they're

956
00:44:26,040 --> 00:44:29,319
Speaker 3: trying to embrace ymbiism, but they've got their local politicians

957
00:44:29,440 --> 00:44:33,240
Speaker 3: currently bragging about bringing down like a six story building.

958
00:44:33,360 --> 00:44:35,040
Speaker 1: Not a joke, by the way, that actually happened.

959
00:44:35,520 --> 00:44:38,520
Speaker 3: And the only state that has really embraced like true

960
00:44:38,600 --> 00:44:42,480
Speaker 3: yimbi policy has been Texas. I've had relatively mixed results,

961
00:44:42,480 --> 00:44:44,359
Speaker 3: but I would say overall it's good, but it's still

962
00:44:44,480 --> 00:44:47,120
Speaker 3: very local. Nobody has a national plan to really do

963
00:44:47,160 --> 00:44:49,000
Speaker 3: anything about it. And I thought that the Wall Street

964
00:44:49,040 --> 00:44:51,920
Speaker 3: Journal actually summed up this all very well. Let's put

965
00:44:51,920 --> 00:44:54,400
Speaker 3: this up here on the screen. Why lower mortgage rates

966
00:44:54,600 --> 00:44:57,440
Speaker 3: aren't enough to make horms more affordable. What they have

967
00:44:57,520 --> 00:44:59,920
Speaker 3: in front of you is something called the housing affordability index.

968
00:45:00,200 --> 00:45:00,759
Speaker 1: Just take a look.

969
00:45:00,840 --> 00:45:03,600
Speaker 3: I mean, you can see in terms of the affordability

970
00:45:03,600 --> 00:45:06,240
Speaker 3: index that we have reached a near all time low

971
00:45:06,480 --> 00:45:09,080
Speaker 3: ever since twenty twenty one, and we've just hovered around

972
00:45:09,120 --> 00:45:10,440
Speaker 3: that for the entire time.

973
00:45:10,600 --> 00:45:12,080
Speaker 1: And actually, if you look at something.

974
00:45:11,960 --> 00:45:14,680
Speaker 3: That's even more important, called the home priced income ratio,

975
00:45:14,960 --> 00:45:17,320
Speaker 3: and if you look at the overall fifty year average

976
00:45:17,440 --> 00:45:20,120
Speaker 3: between the nineteen seventies and two thousand, we were below

977
00:45:20,160 --> 00:45:23,360
Speaker 3: a fifty year average. Things spiked during the Great Recession

978
00:45:23,520 --> 00:45:25,759
Speaker 3: and the housing bubble in two thousand and six. You know,

979
00:45:25,800 --> 00:45:27,680
Speaker 3: in the two thousand and five period, whenever there was

980
00:45:27,719 --> 00:45:30,440
Speaker 3: a ton of you know, fake affordability happening because they

981
00:45:30,480 --> 00:45:31,080
Speaker 3: were giving.

982
00:45:30,880 --> 00:45:33,799
Speaker 1: Loans like those no dock loans, no income loans and.

983
00:45:33,760 --> 00:45:35,839
Speaker 3: Those types of things out, then it plunged right back

984
00:45:35,920 --> 00:45:38,680
Speaker 3: to normal ish type levels. And then yeah, ever since

985
00:45:38,680 --> 00:45:41,279
Speaker 3: twenty twenty one it went sky high. Home price has

986
00:45:41,280 --> 00:45:43,840
Speaker 3: went up some fifty percent, and the priced income ratio

987
00:45:44,040 --> 00:45:46,319
Speaker 3: has remained near the all time high for the last

988
00:45:46,320 --> 00:45:49,160
Speaker 3: five years. This is something I also find as a

989
00:45:49,200 --> 00:45:51,960
Speaker 3: generational thing a lot of boomer If you think about

990
00:45:52,000 --> 00:45:54,520
Speaker 3: this from a boomer mind, five years is not that

991
00:45:54,560 --> 00:45:57,720
Speaker 3: long time. If you're in your sixties, you're waiting for Medicare, whatever,

992
00:45:57,920 --> 00:45:58,960
Speaker 3: it's just not that long.

993
00:45:59,000 --> 00:46:00,319
Speaker 1: You've lived a decent life.

994
00:46:00,480 --> 00:46:03,200
Speaker 3: If you're in your twenties, five years is an eternity.

995
00:46:03,480 --> 00:46:06,120
Speaker 3: Five years are those exponential years where you're trying to

996
00:46:06,120 --> 00:46:07,960
Speaker 3: build a foundation. You might get married, you might have

997
00:46:08,080 --> 00:46:10,520
Speaker 3: I mean this five years ago, we weren't even hosting

998
00:46:10,560 --> 00:46:12,560
Speaker 3: the show. You know, I got married, I had a child.

999
00:46:12,560 --> 00:46:15,279
Speaker 3: Like you're liking radically change in five years, That's not

1000
00:46:15,320 --> 00:46:18,040
Speaker 3: the case. For people who are much older. So people

1001
00:46:18,080 --> 00:46:20,160
Speaker 3: are like, oh, these millennials, they have no idea. It's like, no,

1002
00:46:20,200 --> 00:46:21,800
Speaker 3: I think they do have an idea. Number one is

1003
00:46:21,800 --> 00:46:23,960
Speaker 3: a you know, five years in a twenty something year

1004
00:46:24,000 --> 00:46:26,080
Speaker 3: lifespan is just you know, a decent, much more chunk

1005
00:46:26,239 --> 00:46:28,280
Speaker 3: of your life. But they are the most important years

1006
00:46:28,440 --> 00:46:30,359
Speaker 3: in a lot of ways to be able to see

1007
00:46:30,360 --> 00:46:33,320
Speaker 3: that you're on an upward trajectory in life. And there's

1008
00:46:33,440 --> 00:46:36,160
Speaker 3: no denying that you're on a downward trajectory right now.

1009
00:46:36,320 --> 00:46:38,560
Speaker 3: And in my opinion, we've been on a downward trajectory

1010
00:46:38,680 --> 00:46:41,720
Speaker 3: for twenty five years, ever since the year two thousand.

1011
00:46:41,880 --> 00:46:43,920
Speaker 3: So I feel like when you put those together and

1012
00:46:43,920 --> 00:46:47,279
Speaker 3: you look at housing, you see this ridiculous policy of

1013
00:46:47,360 --> 00:46:50,640
Speaker 3: fifty year as the best somebody can muster with, you know,

1014
00:46:50,800 --> 00:46:53,520
Speaker 3: radical thinking. I don't really see a ton frankly on

1015
00:46:53,560 --> 00:46:56,560
Speaker 3: the Democratic side either. I'm not against YMBI like, let

1016
00:46:56,560 --> 00:47:00,560
Speaker 3: me be clear, in some cases, but also the I

1017
00:47:00,560 --> 00:47:04,840
Speaker 3: think the point just comes down to massive, massive, massive

1018
00:47:04,880 --> 00:47:08,920
Speaker 3: amounts like Manhattan level project amounts of grants to all

1019
00:47:08,960 --> 00:47:11,719
Speaker 3: the states with the requirement they must build housing. The

1020
00:47:11,719 --> 00:47:14,120
Speaker 3: people in the politicians and those states can figure it

1021
00:47:14,160 --> 00:47:15,759
Speaker 3: out how they want to do it. You can build

1022
00:47:15,840 --> 00:47:18,920
Speaker 3: more single families whatever, you know, it's up to you, urban,

1023
00:47:19,080 --> 00:47:22,839
Speaker 3: mixed residential, et cetera. But you need a shit ton

1024
00:47:22,920 --> 00:47:25,960
Speaker 3: more supply, and people just don't like People just don't

1025
00:47:26,000 --> 00:47:28,640
Speaker 3: want to go there because the landed gentry is also

1026
00:47:29,000 --> 00:47:29,680
Speaker 3: opposed to it.

1027
00:47:29,760 --> 00:47:32,200
Speaker 1: So it's it's a total misalignment of incentives.

1028
00:47:32,320 --> 00:47:32,560
Speaker 8: Right.

1029
00:47:32,680 --> 00:47:37,680
Speaker 2: Well, to stick with housing specifically, you know, you've got

1030
00:47:37,719 --> 00:47:40,160
Speaker 2: the new like abundance it's not really new, but whatever

1031
00:47:40,239 --> 00:47:43,040
Speaker 2: abundance movement in the Democratic Party, which is very focused

1032
00:47:43,080 --> 00:47:44,000
Speaker 2: on yimbiism.

1033
00:47:44,280 --> 00:47:47,359
Speaker 4: Fine, it's not enough, right Just rolling.

1034
00:47:47,040 --> 00:47:49,800
Speaker 2: Back the regulations Texas, like you said, is a great example.

1035
00:47:49,840 --> 00:47:52,279
Speaker 2: It's not like it's solved all their problems either. You

1036
00:47:52,360 --> 00:47:54,840
Speaker 2: need that, but then you're going to have to not

1037
00:47:54,960 --> 00:47:59,400
Speaker 2: only tackle the entrenched interest homeowners very powerful political constituency

1038
00:47:59,480 --> 00:48:02,000
Speaker 2: and they are really devoted to a lot of nimbiism,

1039
00:48:02,120 --> 00:48:02,680
Speaker 2: so you have to.

1040
00:48:02,640 --> 00:48:03,200
Speaker 4: Deal with that.

1041
00:48:03,520 --> 00:48:05,000
Speaker 2: But then you also are going to have to deal

1042
00:48:05,000 --> 00:48:07,279
Speaker 2: with the developers. You're going to have to also deal

1043
00:48:07,280 --> 00:48:09,080
Speaker 2: with permanent capital which has bought up a bunch of

1044
00:48:09,080 --> 00:48:12,319
Speaker 2: single family homes and you knows is part of what

1045
00:48:12,480 --> 00:48:15,120
Speaker 2: is made the housing market so much more expensive.

1046
00:48:15,160 --> 00:48:16,000
Speaker 4: You have to deal with that.

1047
00:48:16,120 --> 00:48:18,920
Speaker 2: You have to deal with the like landlord cartels as well,

1048
00:48:19,280 --> 00:48:21,920
Speaker 2: to deal with algorithmic pricing. That's the thing is you

1049
00:48:21,960 --> 00:48:25,400
Speaker 2: have to be willing to go up against entrenched interest,

1050
00:48:25,960 --> 00:48:29,400
Speaker 2: entrenched moneyed interest on a variety of fronts.

1051
00:48:29,440 --> 00:48:30,320
Speaker 4: Same with healthcare.

1052
00:48:30,640 --> 00:48:32,600
Speaker 2: And by the way, you know what you're talking about,

1053
00:48:32,760 --> 00:48:35,520
Speaker 2: is you this isn't something you can just leave to

1054
00:48:35,560 --> 00:48:38,480
Speaker 2: the market. That's why neoliberalism has utterly failed in this regard.

1055
00:48:38,600 --> 00:48:40,600
Speaker 2: You can't just leave it to the market developers. What

1056
00:48:40,600 --> 00:48:43,120
Speaker 2: they want to build is like high end you know,

1057
00:48:43,200 --> 00:48:46,479
Speaker 2: condos for rich people, because that's those are the people

1058
00:48:46,480 --> 00:48:47,920
Speaker 2: who have all the money. You're going to need a

1059
00:48:47,920 --> 00:48:51,400
Speaker 2: lot more frankly, state central planning, whether that's at the

1060
00:48:51,400 --> 00:48:53,759
Speaker 2: state level or at the federal level or some combination

1061
00:48:53,880 --> 00:48:56,600
Speaker 2: of both. And that has been anathema to both the

1062
00:48:56,600 --> 00:48:59,080
Speaker 2: political parties for years and years and years. So it

1063
00:48:59,200 --> 00:49:03,240
Speaker 2: really requires sort of revolutionary rethink of the relationship between

1064
00:49:03,320 --> 00:49:05,879
Speaker 2: the government and the people and how involved they are,

1065
00:49:05,920 --> 00:49:07,759
Speaker 2: and going back to some of you know, like New

1066
00:49:07,800 --> 00:49:10,400
Speaker 2: Deal era policies and learning from the mistakes of that

1067
00:49:10,480 --> 00:49:12,680
Speaker 2: and improving upon the model from that era as well.

1068
00:49:13,120 --> 00:49:15,200
Speaker 2: Healthcare is the same thing. I mean, again, you'd have

1069
00:49:15,280 --> 00:49:19,200
Speaker 2: to take on these incredibly entrenched interests. And so instead

1070
00:49:19,200 --> 00:49:21,279
Speaker 2: of doing that, what did Obama do? We said, Okay, well,

1071
00:49:21,360 --> 00:49:24,240
Speaker 2: let's come to a compromise with the insurers. Let's actually

1072
00:49:24,239 --> 00:49:27,319
Speaker 2: make it so that we're guaranteeing them a clientele. We're

1073
00:49:27,360 --> 00:49:29,960
Speaker 2: guaranteeing them that everybody's going to be in these markets

1074
00:49:30,000 --> 00:49:32,680
Speaker 2: so they can profit off of them more greatly. And

1075
00:49:32,719 --> 00:49:34,880
Speaker 2: at the same time, we'll put some restrictions into place

1076
00:49:34,880 --> 00:49:37,080
Speaker 2: so that people aren't getting screwed over quite as badly

1077
00:49:37,160 --> 00:49:39,480
Speaker 2: as they were in the previous system. No, there's no

1078
00:49:39,560 --> 00:49:42,040
Speaker 2: compromise to be had with these forces. You have to

1079
00:49:42,160 --> 00:49:44,919
Speaker 2: actually confront them. And that's the place that we're at.

1080
00:49:44,960 --> 00:49:47,400
Speaker 2: And so, you know, the common sort of thread between

1081
00:49:47,440 --> 00:49:50,480
Speaker 2: Trump is now thrown out a bunch several of these like, oh,

1082
00:49:50,520 --> 00:49:52,719
Speaker 2: I got killed on affordability, What can I do kind

1083
00:49:52,719 --> 00:49:55,960
Speaker 2: of policies. You've got the fifty year mortgage total giveaway

1084
00:49:56,000 --> 00:49:58,799
Speaker 2: to the banks, I mean, just a preposterous idea. You've

1085
00:49:58,840 --> 00:50:02,239
Speaker 2: got this healthcare Okay, rather than doing the extending the

1086
00:50:02,280 --> 00:50:04,880
Speaker 2: premium subsidies, we're going to just send you money direct

1087
00:50:04,920 --> 00:50:07,640
Speaker 2: into your account, which you know, I'm not like, I'm

1088
00:50:07,640 --> 00:50:09,799
Speaker 2: not like morally opposed to, but it doesn't fix the

1089
00:50:09,840 --> 00:50:12,080
Speaker 2: problem at all, and it's actually going to what it's

1090
00:50:12,080 --> 00:50:13,879
Speaker 2: going to end up doing is exacerbating the problem, because

1091
00:50:13,880 --> 00:50:16,360
Speaker 2: then you're gonna have fewer people in the insurance marketplace,

1092
00:50:16,360 --> 00:50:18,399
Speaker 2: premiums for those remain are going to go up even further.

1093
00:50:18,480 --> 00:50:20,600
Speaker 2: You're just pushing us more into that death spiral mound,

1094
00:50:20,840 --> 00:50:24,080
Speaker 2: and you're not dealing with any of the underlying issues

1095
00:50:24,120 --> 00:50:26,799
Speaker 2: of a for profit healthcare system. And then the big

1096
00:50:26,840 --> 00:50:29,120
Speaker 2: problem just people feeling like the economy is shitty and

1097
00:50:29,120 --> 00:50:30,120
Speaker 2: they don't have enough money.

1098
00:50:30,280 --> 00:50:30,959
Speaker 4: The end of the month.

1099
00:50:31,200 --> 00:50:33,000
Speaker 2: He came up with this other brilliant idea of oh,

1100
00:50:33,000 --> 00:50:35,640
Speaker 2: we're going to use the teriff revenue to send everybody

1101
00:50:35,680 --> 00:50:38,680
Speaker 2: two thousand dollars, which I'm sure there isn't sufficient.

1102
00:50:38,360 --> 00:50:39,200
Speaker 4: Teriff revenue to do that.

1103
00:50:39,239 --> 00:50:42,120
Speaker 2: But then, by the way, the Supreme Court is very

1104
00:50:42,200 --> 00:50:43,960
Speaker 2: likely striking those terrafs down and you're gonna have to

1105
00:50:44,000 --> 00:50:46,919
Speaker 2: send that money back to someone somehow. Not to mention,

1106
00:50:46,960 --> 00:50:48,759
Speaker 2: Scott Bennett went on TV and was like, well, the

1107
00:50:48,800 --> 00:50:50,960
Speaker 2: two thousand dollars could come in a variety forms. It

1108
00:50:51,040 --> 00:50:54,080
Speaker 2: might be the tax cuts that we've already passed. But again,

1109
00:50:54,239 --> 00:50:56,200
Speaker 2: even if you took him at his face value and

1110
00:50:56,239 --> 00:50:58,520
Speaker 2: he's sending out two thousand dollars checks, okay, we got

1111
00:50:58,560 --> 00:51:00,760
Speaker 2: to dimmy checks before. Did that that solves the problems

1112
00:51:00,760 --> 00:51:03,480
Speaker 2: of our economy? Did that lesson inequality? It made it

1113
00:51:03,520 --> 00:51:05,680
Speaker 2: easier for people in that moment. Is better than nothing.

1114
00:51:06,000 --> 00:51:09,040
Speaker 2: But you still have stagnant wages. You still have them

1115
00:51:09,239 --> 00:51:11,879
Speaker 2: going polehog on ai, which is meant to push all

1116
00:51:11,920 --> 00:51:14,239
Speaker 2: of you all out of a job. You still have

1117
00:51:14,360 --> 00:51:18,000
Speaker 2: the wealthy basically rigging the rules and eating the economy

1118
00:51:18,320 --> 00:51:20,680
Speaker 2: and making sure that all the gains flow into their

1119
00:51:20,719 --> 00:51:22,759
Speaker 2: own bank accounts. For King Elon Musk about to be

1120
00:51:22,800 --> 00:51:26,000
Speaker 2: the world's first trillion there. So, none of these things.

1121
00:51:26,080 --> 00:51:29,000
Speaker 2: All of these are like weird little gimmicky band aids

1122
00:51:29,440 --> 00:51:31,200
Speaker 2: to make it look like he cares and is doing

1123
00:51:31,239 --> 00:51:33,520
Speaker 2: something has some kind of a solution. None of it

1124
00:51:33,560 --> 00:51:34,720
Speaker 2: deals with the underlying problem.

1125
00:51:34,760 --> 00:51:37,960
Speaker 3: Yeah, you need to subsidize both demand and supply at

1126
00:51:38,000 --> 00:51:40,680
Speaker 3: the lower end or for first time home buyers. And

1127
00:51:40,719 --> 00:51:42,560
Speaker 3: of course this is something that it could actually happen.

1128
00:51:42,560 --> 00:51:45,280
Speaker 3: You could literally if you created it, if you wanted.

1129
00:51:45,360 --> 00:51:47,399
Speaker 3: You could have a home buyer tax credit first time

1130
00:51:47,400 --> 00:51:49,120
Speaker 3: home buyer. Make it so that if your first time

1131
00:51:49,200 --> 00:51:51,240
Speaker 3: or if you haven't owned an own within a couple

1132
00:51:51,239 --> 00:51:54,200
Speaker 3: of years, you get a huge tax credit whenever that comes.

1133
00:51:54,320 --> 00:51:56,800
Speaker 3: You could delay their capital gains tax only for the

1134
00:51:56,840 --> 00:51:59,160
Speaker 3: first time home purchase, and then you know, people who

1135
00:51:59,200 --> 00:52:01,520
Speaker 3: own one or two or more homes aren't allowed to

1136
00:52:01,600 --> 00:52:04,680
Speaker 3: use that capital gains role tax that they're very expert

1137
00:52:04,840 --> 00:52:07,640
Speaker 3: at doing. You can also do demand side tax credits

1138
00:52:07,640 --> 00:52:10,680
Speaker 3: for loans. Make it so that suppliers home builders aren't

1139
00:52:10,719 --> 00:52:13,360
Speaker 3: just subsidizing homes or building homes for boomers. Make it

1140
00:52:13,400 --> 00:52:16,640
Speaker 3: so that they can also extend significant ride off. You

1141
00:52:16,680 --> 00:52:19,319
Speaker 3: can make it so that property taxes for people who

1142
00:52:19,320 --> 00:52:22,279
Speaker 3: are younger first time home buyers are either deductible or

1143
00:52:22,400 --> 00:52:25,000
Speaker 3: even create some state funding thing that makes it so

1144
00:52:25,080 --> 00:52:27,560
Speaker 3: that they give relief to the you know, I've.

1145
00:52:27,400 --> 00:52:28,719
Speaker 1: Talked about property tax relief.

1146
00:52:28,719 --> 00:52:30,440
Speaker 3: There would be top property tax really at the bottom

1147
00:52:30,480 --> 00:52:32,160
Speaker 3: end of the spectrum when you're getting started, not at

1148
00:52:32,160 --> 00:52:35,000
Speaker 3: the top whenever you're multimillionaire already and when you're already

1149
00:52:35,040 --> 00:52:38,120
Speaker 3: sitting on hugely appreciated homes which are way too big,

1150
00:52:38,160 --> 00:52:39,800
Speaker 3: and you have no business being in the first place.

1151
00:52:40,040 --> 00:52:42,040
Speaker 1: Like the whole system, like you just said, top to.

1152
00:52:42,040 --> 00:52:45,279
Speaker 3: Bottom, is screwed. I was just telling you today. There's

1153
00:52:45,280 --> 00:52:48,239
Speaker 3: a new study out from the University of Toronto.

1154
00:52:48,320 --> 00:52:49,600
Speaker 1: Let me read you a little bit of this.

1155
00:52:50,880 --> 00:52:55,239
Speaker 3: Rising housing costs have caused fifty one percent of the

1156
00:52:55,320 --> 00:52:59,200
Speaker 3: total fertility rate decline between two thousands and twenty tens,

1157
00:52:59,320 --> 00:53:02,759
Speaker 3: and a seven percent point fewer young families in the

1158
00:53:02,800 --> 00:53:08,160
Speaker 3: twenty tens alone. Now, obviously you know the.

1159
00:53:07,600 --> 00:53:09,520
Speaker 1: Methodology, et cetera. We can debate.

1160
00:53:09,800 --> 00:53:13,080
Speaker 3: It's pretty hard to say exactly fifty one percent, but

1161
00:53:13,160 --> 00:53:15,600
Speaker 3: it does make a little bit of sense. Now, if

1162
00:53:15,640 --> 00:53:18,640
Speaker 3: it's too expensive to have space where you can raise kids,

1163
00:53:18,800 --> 00:53:20,760
Speaker 3: then maybe you'll just have less kids.

1164
00:53:20,840 --> 00:53:23,320
Speaker 1: I see this all the time in the DMV where

1165
00:53:23,400 --> 00:53:23,799
Speaker 1: we live.

1166
00:53:24,000 --> 00:53:26,360
Speaker 3: It is the single most expensive place to raise a

1167
00:53:26,400 --> 00:53:28,280
Speaker 3: family in the United States of America.

1168
00:53:28,400 --> 00:53:30,520
Speaker 1: Number one in healthcare. I'm not exaggerating.

1169
00:53:30,520 --> 00:53:32,520
Speaker 3: You look it up from the Wall Street Journal, Number

1170
00:53:32,520 --> 00:53:35,840
Speaker 3: one child costs, number two in terms of affordability in

1171
00:53:35,880 --> 00:53:38,359
Speaker 3: terms of housing. And there are four counties, four out

1172
00:53:38,360 --> 00:53:39,920
Speaker 3: of the five Ridges counties in the United States are

1173
00:53:39,920 --> 00:53:43,279
Speaker 3: all here in the DMB and you're like, I'm not joking, Like,

1174
00:53:43,360 --> 00:53:45,759
Speaker 3: you can be an hour away from DC and the

1175
00:53:45,800 --> 00:53:47,400
Speaker 3: median home price is like one point.

1176
00:53:47,239 --> 00:53:49,680
Speaker 1: Two million dollars, Like, it's what are you supposed to

1177
00:53:49,719 --> 00:53:50,600
Speaker 1: do there? Exactly?

1178
00:53:50,680 --> 00:53:53,520
Speaker 3: Where are people who want more than two children even

1179
00:53:53,560 --> 00:53:56,279
Speaker 3: going to live? If you're leveraged up to the hill

1180
00:53:56,360 --> 00:53:58,440
Speaker 3: at a six percent mortgage trying to buy a house

1181
00:53:58,480 --> 00:54:00,799
Speaker 3: like that, that's the fundamental problem. Nobody wants to do

1182
00:54:00,840 --> 00:54:04,960
Speaker 3: anything about it. I see very little actually being proposed broadly.

1183
00:54:05,040 --> 00:54:07,520
Speaker 3: Like you said, yeah, abundance is great for New York

1184
00:54:07,520 --> 00:54:08,880
Speaker 3: City or for San Francisco.

1185
00:54:08,960 --> 00:54:13,920
Speaker 1: What about in the suburbs? What about right? Exactly New York.

1186
00:54:13,960 --> 00:54:15,920
Speaker 3: We've talked about that, you know Zoron He's like, oh,

1187
00:54:15,960 --> 00:54:17,960
Speaker 3: you know, his dream is to build two hundred thousand

1188
00:54:18,120 --> 00:54:18,720
Speaker 3: more units.

1189
00:54:18,800 --> 00:54:22,160
Speaker 1: Yeah, yeah, great. But it's like, like we said, look

1190
00:54:22,200 --> 00:54:22,920
Speaker 1: at the populations.

1191
00:54:22,960 --> 00:54:25,239
Speaker 3: This is eight million people, right, I mean that's not

1192
00:54:25,280 --> 00:54:26,880
Speaker 3: even You're not even making a dent.

1193
00:54:27,080 --> 00:54:30,480
Speaker 1: In terms of the overall percentage. So I don't know.

1194
00:54:30,600 --> 00:54:33,440
Speaker 3: I'm starting to believe in the grand unified theory of housing,

1195
00:54:33,560 --> 00:54:36,040
Speaker 3: Like I actually think housing may actually be the central

1196
00:54:36,080 --> 00:54:36,480
Speaker 3: part of it.

1197
00:54:36,480 --> 00:54:37,360
Speaker 1: It's from politics.

1198
00:54:37,560 --> 00:54:40,319
Speaker 3: It's so central to America to property ownership, Like our

1199
00:54:40,360 --> 00:54:43,200
Speaker 3: literal common law is based around property ownership. We're very

1200
00:54:43,200 --> 00:54:46,399
Speaker 3: different society than a lot of renter societies throughout the world,

1201
00:54:46,440 --> 00:54:47,680
Speaker 3: especially in the developed world.

1202
00:54:47,680 --> 00:54:48,560
Speaker 1: For a long time, that was.

1203
00:54:48,600 --> 00:54:50,879
Speaker 3: Kind of the vision that was pushed by like the

1204
00:54:51,280 --> 00:54:54,400
Speaker 3: true neoliberals and other embracing that you need assets to

1205
00:54:54,440 --> 00:54:56,600
Speaker 3: be an independent man, to be an independent citizen, to

1206
00:54:56,640 --> 00:54:59,640
Speaker 3: have stake in your society. And we're really losing that,

1207
00:54:59,680 --> 00:55:02,160
Speaker 3: and I think think that that is causing the radicalism

1208
00:55:02,520 --> 00:55:05,000
Speaker 3: like everywhere, and unfortunately we're just moving in the opposite direction.

1209
00:55:05,200 --> 00:55:06,359
Speaker 4: It's a big part of it, for sure.

1210
00:55:06,520 --> 00:55:07,560
Speaker 1: I really I don't think so.

1211
00:55:07,640 --> 00:55:10,760
Speaker 3: I mean, it's so core to being an American citizen.

1212
00:55:10,800 --> 00:55:13,320
Speaker 3: It's what really does set us apart from our wealth

1213
00:55:13,360 --> 00:55:15,360
Speaker 3: and kind of who we are to a lot of

1214
00:55:15,360 --> 00:55:17,480
Speaker 3: different countries around the world where it's baked.

1215
00:55:17,239 --> 00:55:19,080
Speaker 1: In you just live in an apartment, you pay rent

1216
00:55:19,080 --> 00:55:19,239
Speaker 1: for the.

1217
00:55:19,200 --> 00:55:21,399
Speaker 2: Whole I mean economically, it's also just the way our

1218
00:55:21,480 --> 00:55:24,120
Speaker 2: society is structured so that like that's the primary wealth

1219
00:55:24,160 --> 00:55:28,279
Speaker 2: building opportunity that is available to Americans. And so if

1220
00:55:28,280 --> 00:55:29,920
Speaker 2: you're shut down of that, I mean, you know, the

1221
00:55:30,000 --> 00:55:34,040
Speaker 2: legacy of like historic discrimination against Black Americans. Americans you

1222
00:55:34,040 --> 00:55:38,080
Speaker 2: can see how much lower their wealth accumulation is, and housing.

1223
00:55:37,800 --> 00:55:39,239
Speaker 1: Is a huge part of that.

1224
00:55:39,360 --> 00:55:41,040
Speaker 2: But yeah, if you're a young person and you're like

1225
00:55:41,480 --> 00:55:43,520
Speaker 2: mom and dad bought a house when they're freaking twenty

1226
00:55:43,560 --> 00:55:46,439
Speaker 2: five years old, and here I am thirty five years

1227
00:55:46,480 --> 00:55:49,640
Speaker 2: old and still don't have a prayer, Yeah, I mean

1228
00:55:49,719 --> 00:55:52,560
Speaker 2: that is one of all these people who point out

1229
00:55:52,800 --> 00:55:54,960
Speaker 2: things are better and you're definitely better off than your

1230
00:55:55,000 --> 00:55:57,600
Speaker 2: parents were, and here's all the ways, et cetera. You know,

1231
00:55:57,640 --> 00:56:01,040
Speaker 2: on some really cool things like education, housing and healthcare

1232
00:56:01,160 --> 00:56:05,600
Speaker 2: and literal how long you live life expectancy. We're going backwards,

1233
00:56:05,920 --> 00:56:08,200
Speaker 2: and of course that's going to create a radical politics,

1234
00:56:08,360 --> 00:56:10,640
Speaker 2: of course, and it should, by the way, because clearly

1235
00:56:10,680 --> 00:56:14,359
Speaker 2: the solutions of the moment are not working, right, they

1236
00:56:14,400 --> 00:56:17,319
Speaker 2: have failed, and so you have to try something that

1237
00:56:17,520 --> 00:56:20,120
Speaker 2: is radically different. People thought they were voting for that

1238
00:56:20,160 --> 00:56:23,920
Speaker 2: with Trump. Instead they got a gilded ballroom and whatever.

1239
00:56:23,960 --> 00:56:25,360
Speaker 2: This mortgage mess.

1240
00:56:25,160 --> 00:56:26,759
Speaker 1: Is, Yeah, it's bad, by the way.

1241
00:56:26,840 --> 00:56:28,560
Speaker 3: The best part is it's not even particularly going to

1242
00:56:28,600 --> 00:56:31,279
Speaker 3: happen like the fifty year mortgage, because it's like some

1243
00:56:31,680 --> 00:56:34,360
Speaker 3: faha loan and a lot of people, to their credit,

1244
00:56:34,440 --> 00:56:36,319
Speaker 3: actually did speak out against this, But.

1245
00:56:36,480 --> 00:56:40,440
Speaker 2: Yeah, I genuinely did not see anyone who was not

1246
00:56:40,760 --> 00:56:43,600
Speaker 2: a member of the administration being like this is a

1247
00:56:43,600 --> 00:56:45,479
Speaker 2: good idea. I'm sure there were some, but I didn't

1248
00:56:45,480 --> 00:56:47,359
Speaker 2: see any of It was pretty across the board like

1249
00:56:47,480 --> 00:56:47,960
Speaker 2: this sucks.

1250
00:56:48,000 --> 00:56:50,440
Speaker 3: And here's the thing too, you should have no faith

1251
00:56:50,560 --> 00:56:53,120
Speaker 3: that anything transformational will happen in the next three and

1252
00:56:53,160 --> 00:56:55,000
Speaker 3: a half years. One of the things I think I

1253
00:56:55,040 --> 00:56:58,000
Speaker 3: was on leave during the big beautiful bill. But what

1254
00:56:58,120 --> 00:57:00,880
Speaker 3: I always try to hammer home, America only opens up

1255
00:57:00,880 --> 00:57:04,440
Speaker 3: the tax code once every five years. That's it, five years,

1256
00:57:04,480 --> 00:57:06,960
Speaker 3: that's every single time. That's the only time that we

1257
00:57:07,040 --> 00:57:09,680
Speaker 3: opened up the tax code. That was the only shot

1258
00:57:09,840 --> 00:57:12,120
Speaker 3: that most people. If you're twenty five years old, you're

1259
00:57:12,160 --> 00:57:14,439
Speaker 3: gonna have to wait till you're thirty until you may

1260
00:57:14,560 --> 00:57:17,080
Speaker 3: have a chance. And having lived through two of these cycles,

1261
00:57:17,080 --> 00:57:19,200
Speaker 3: now that you and I have covered what has happened,

1262
00:57:19,760 --> 00:57:24,000
Speaker 3: huge extension tax cut for the wealth, and frankly Obama

1263
00:57:24,080 --> 00:57:26,200
Speaker 3: what permanently may make permanent.

1264
00:57:25,920 --> 00:57:26,680
Speaker 1: The Bush tax cuts.

1265
00:57:26,720 --> 00:57:29,360
Speaker 3: Yeah, Bush does the tax cuts back in two thousand

1266
00:57:29,360 --> 00:57:31,120
Speaker 3: and three. I want to think back, it's been twenty

1267
00:57:31,160 --> 00:57:34,440
Speaker 3: five years and some radical, actually interesting stuff happened in

1268
00:57:34,480 --> 00:57:38,160
Speaker 3: the US tax code. And that's my entire adult life,

1269
00:57:38,240 --> 00:57:40,040
Speaker 3: including my teenage years, for that.

1270
00:57:40,200 --> 00:57:41,200
Speaker 1: So think about that.

1271
00:57:41,240 --> 00:57:43,520
Speaker 3: For people who are younger, you have to You're gonna

1272
00:57:43,520 --> 00:57:46,439
Speaker 3: have to wait now for years before somebody is even

1273
00:57:46,480 --> 00:57:48,240
Speaker 3: potentially gonna be able to help you out, and they

1274
00:57:48,280 --> 00:57:49,040
Speaker 3: probably still won't.

1275
00:57:49,120 --> 00:57:51,480
Speaker 2: It's been since the Bush administration that we raised the

1276
00:57:51,520 --> 00:57:52,280
Speaker 2: minimum wage.

1277
00:57:52,280 --> 00:57:53,440
Speaker 1: That's true. Yeah, forgot.

1278
00:57:53,480 --> 00:58:02,000
Speaker 2: I mean, that's just insane, absolutely insane.

1279
00:58:00,640 --> 00:58:03,680
Speaker 8: It would be