WEBVTT - I Can't Get Off The Etch A Sketch

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<v Speaker 1>Broadcasting live from the Abraham Lincoln Radio Studio, the George

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<v Speaker 1>Washington Broadcast Center.

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<v Speaker 2>Jack Armstrong and Joe Getty, I'm Strong and Getty and

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<v Speaker 2>now he Armstrong and Getty.

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<v Speaker 3>The President eager to get the bill across the finish

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<v Speaker 3>line as we see prices rising amid the trade war.

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<v Speaker 3>He launched at Walmart, the nation's largest retailer, the cost

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<v Speaker 3>of some toys way up. A baby born doll that

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<v Speaker 3>cost thirty four ninety seven in March now costs forty

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<v Speaker 3>nine ninety seven, up roughly forty three percent last month.

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<v Speaker 3>An etches sketch cost fourteen ninety seven. Now it's twenty

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<v Speaker 3>four to ninety nine, a nearly sixty seven percent increase.

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<v Speaker 4>Wow, the humble let's just sketch twenty five bones.

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<v Speaker 2>That's wrong.

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<v Speaker 4>Wow, that's not a minor increase in price. Well, in

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<v Speaker 4>that baby born a you might as well have a

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<v Speaker 4>real baby at that price to that Wow, the humble

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<v Speaker 4>edge of sketch doubling in price. Yeah, frustrating its artistic

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<v Speaker 4>so Elon Musk blaming the calling the bill an abomination.

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<v Speaker 5>We will get into that more later, because that's one

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<v Speaker 5>of the lead stories today, and the fact that it's

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<v Speaker 5>the lead story is kind of its own story. But

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<v Speaker 5>in addition to the big giant bill going through economically,

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<v Speaker 5>we got this tariff situation. I mean, I'd like to

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<v Speaker 5>know how many more prices there at the Walmart have

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<v Speaker 5>gone up that much.

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<v Speaker 4>That's a lot, right, right, Yeah, that's shocking.

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<v Speaker 2>I'm sorry. I can't get off the.

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<v Speaker 4>Edge of sketches is an example. I mean, at this point,

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<v Speaker 4>you can use a free app type for ten seconds

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<v Speaker 4>and generate a professional quality illustration of Joe Biden surfing

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<v Speaker 4>on the back of a dolphin smoking a bong in mallow.

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<v Speaker 5>And I want to do the sketch the stairstep stairsteps, stairstep,

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<v Speaker 5>stairsteps stairstep exactly painstakingly.

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<v Speaker 4>If you jostle it at all and it ruins all

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<v Speaker 4>your work. Yes, that instead of the uh chat GPT

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<v Speaker 4>or what have you.

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<v Speaker 2>Uh So, it's funny. I had a thought as we.

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<v Speaker 4>Were getting the material together for this segment, I'm picturing

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<v Speaker 4>myself back in college and no need for gladys. This

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<v Speaker 4>didn't actually happen taking some you know, high level political

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<v Speaker 4>science class where they said, all right, we're gonna describe

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<v Speaker 4>this scenario for you. You have two superpowers, one well established,

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<v Speaker 4>one rising. They are mortal enemies in sworn to dominate

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<v Speaker 4>each other, and yet they have a huge and life

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<v Speaker 4>sustaining trade relationship. Hostilities begin now keeping in mind each

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<v Speaker 4>country's best interests. How do you think lovedon? I would

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<v Speaker 4>I would think.

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<v Speaker 6>Wait, wait, how did they get? But why would they

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<v Speaker 6>have that rip? Who's whose ideal was this? This is undenable,

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<v Speaker 6>there's no sill to this. I'd throw out my hands.

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<v Speaker 6>And yet here we are.

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<v Speaker 4>It's time to look in the China Cabinet Trade Edition, China.

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<v Speaker 2>That's right, that makes me laugh every time.

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<v Speaker 4>Not very cleverly named a look in the China Cabinet.

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<v Speaker 4>As we consider number of stories about China again all

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<v Speaker 4>Trade Edition. First of all, Gavey knew someome of cal

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<v Speaker 4>Unicornia and Karen Bass and others are about to engage

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<v Speaker 4>in a closed door meeting with Chinese trade officials as

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<v Speaker 4>part of GAVI's attempt to establish California as some sort

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<v Speaker 4>of quasi nation. I suppose then have happy, joy joy

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<v Speaker 4>meetings with various Chinese corporations and trade officials, and that

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<v Speaker 4>sort of thing. Worth noting that, in a public warning,

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<v Speaker 4>a couple of years ago, during the horrific Biden years,

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<v Speaker 4>the Office of the Director of National Intelligence said that

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<v Speaker 4>state and local officials are at risk of being manipulated

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<v Speaker 4>to support China Chinese government's agenda, particularly through trade and investment.

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<v Speaker 2>Quote.

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<v Speaker 4>Financial incentives may be used to hook US state and

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<v Speaker 4>local leaders given their focus on local economic issues, the

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<v Speaker 4>bulletin said, but Gavey will be hobnobbing with the Chinese communists. Nonetheless,

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<v Speaker 4>moving along, here's the headline for you. You may have

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<v Speaker 4>heard that Trump, you know, hit China with the tariffs

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<v Speaker 4>and various tip tat retaliation took place. And one thing,

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<v Speaker 4>Sijin Ping and his new guy is new negotiator who

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<v Speaker 4>will talk about in a second if we have time.

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<v Speaker 4>He's a hard ass. He is interestingly Jack his name

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<v Speaker 4>is he? So you got he and she in charge

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<v Speaker 4>of China at this point. Slightly confused. I don't like

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<v Speaker 4>the pronouns heterosexual couple anyway. Anyway, he's a hard ass

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<v Speaker 4>and he is advice jan paying. Look, they need the

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<v Speaker 4>pressure of the rare earth materials for their magnets for

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<v Speaker 4>all sorts of technologies.

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<v Speaker 2>We just won't give them any rare stuff.

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<v Speaker 4>And or a couple of months ago they said they would,

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<v Speaker 4>but they're slow walking it badly. So the headline is

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<v Speaker 4>automakers race to find workaround to China's stranglehold on rare

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<v Speaker 4>earth magnets. Listen to this now, major manufacturers, fearful they

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<v Speaker 4>will have to shut down assembly lines both on electric

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<v Speaker 4>and conventional vehicles, are considering moving some parts production to China.

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<v Speaker 4>They're fearful they might have to shut down the production vehicles,

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<v Speaker 4>or mister President, move their production of certain parts to

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<v Speaker 4>China to avoid complete factory shutdowns. Automakers end up shifting

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<v Speaker 4>production to China, it would amount to a remarkable outcome

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<v Speaker 4>for a trade boar initiated by President Trump. That's what's

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<v Speaker 4>going to say, remarkable outcome. That's not exactly what the

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<v Speaker 4>plan was. A couple of the rare earth metals included

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<v Speaker 4>in the consideration Jack include disprosy. I was so excited

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<v Speaker 4>about pronouncing that, right, disprosium and urbium.

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<v Speaker 5>Urbium is a metal. You know we ought to play

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<v Speaker 5>rare earth mineral or made up? Yeah, no kidding, I

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<v Speaker 5>think I bought you this ring.

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<v Speaker 2>It's made of turbium, very rare, and the band dysprosium.

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<v Speaker 2>Oh moving along.

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<v Speaker 4>China's new trade negotiator is a hard ass.

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<v Speaker 2>This is he, he to she.

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<v Speaker 4>The previous guy was a US educated realist who is like,

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<v Speaker 4>all right, we both need to make money.

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<v Speaker 2>Let's stay cool now.

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<v Speaker 4>This guy is a deaded communist, dedicated communist, and a

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<v Speaker 4>loyalist to shij and Ping. He a firm believer in

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<v Speaker 4>state control just like his boss. She has a clear

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<v Speaker 4>mandate of not catering to America. Last month's Geneva deal,

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<v Speaker 4>which China saw as a win, showed she the value

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<v Speaker 4>of sticking to his guns, according to people who consult

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<v Speaker 4>with senior Chinese officials, so they have decided to get

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<v Speaker 4>tougher and strategically. She feels empower to harden his position

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<v Speaker 4>from the first term of Trump because the arsenal of

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<v Speaker 4>trade tools China's built under his leadership include export controls

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<v Speaker 4>of critical materials used to make this the rarest stuff

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<v Speaker 4>we were talking about, and some other stuff but that

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<v Speaker 4>are necessary to make chips, cars and the F thirty

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<v Speaker 4>five jets. So it gives China the ability to cause

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<v Speaker 4>real pain for the US. And finally, anybody who's done

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<v Speaker 4>business with China's familiar with the idea of industrial espionage.

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<v Speaker 4>The self driving truck startup that siphon trade secrets to

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<v Speaker 4>Chinese companies. It's a company called Too Simple, Tu Simple,

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<v Speaker 4>and I want you to maybe have a uh TikTok

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<v Speaker 4>in the back of your mind or the idea of, well,

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<v Speaker 4>it's a Chinese company, but it's not, you know, it's

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<v Speaker 4>not a state run enterprise. A week after one of

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<v Speaker 4>America's largest self driving truck companies promised the US government

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<v Speaker 4>it would stop sharing sensitive technology with Chinese partners, Too

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<v Speaker 4>Simple transferred a trove.

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<v Speaker 2>Of data to a Beijing owned firm. Why were there

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<v Speaker 2>a lot of deep Why were we sharing it in

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<v Speaker 2>the first place?

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<v Speaker 4>Let me get to that they want a lot of details,

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<v Speaker 4>said Jooling Han, us based Too Simple Holdings employee to

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<v Speaker 4>a colleague. Leading Chinese commercial truck manufacturer Photon, sought the

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<v Speaker 4>data from Too Simples many test drives around Texas very

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<v Speaker 4>time consuming, expensive, technologically challenging test drives of self driving

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<v Speaker 4>trucks all over Texas. Too Simple was the leader in

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<v Speaker 4>the global race to develop self driving trucks that could

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<v Speaker 4>solve chronic drive shortages, make freight hauling cheaper, bolster military operations.

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<v Speaker 4>Founded by two Chinese entrepreneurs with money from a Chinese

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<v Speaker 4>business mogul. The San Diego based company set a record

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<v Speaker 4>when it structs traveled eighty miles in Arizona without a

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<v Speaker 4>human driver, and the minute the Chinese based firm said hey,

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<v Speaker 4>we need all your data, they send it all. That

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<v Speaker 4>is emblematic of what I'm always ranting about that Chinese nationals,

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<v Speaker 4>whether now or in the future, will be on the

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<v Speaker 4>hook for Shesion Ping's orders, all of them, every single one.

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<v Speaker 4>So what do I want to round up every Chinese

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<v Speaker 4>American or Chinese student in the car? No, of course not.

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<v Speaker 4>It's a impractical and be unnecessary. But the awareness that

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<v Speaker 4>that possibility is not only like extant that it.

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<v Speaker 2>Exists, but it looms large.

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<v Speaker 4>If you've got a a company started by two Chinese

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<v Speaker 4>citizens I think uh founded by two Chinese entrepreneurs with

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<v Speaker 4>money from a Chinese business mogul based in San Diego,

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<v Speaker 4>it's a troubling look inside the China cabinet.

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<v Speaker 5>If we end up losing to China or being surpassed

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<v Speaker 5>by China number of ways. The way we allowed that

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<v Speaker 5>to happen is one of the biggest stories in history.

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<v Speaker 5>It's like Athens and Sparta stuff. I mean it's just huge.

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<v Speaker 4>Yeah, it's the Trojan Horse, but over the course of

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<v Speaker 4>decades and an enormously complex operation. But the Chinese never

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<v Speaker 4>underestimate your enemy.

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<v Speaker 2>You know.

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<v Speaker 4>Not only did Sung two say that, but many generals

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<v Speaker 4>have throughout history, military theoreticians, they understand American people a

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<v Speaker 4>are super business horps it. If there's money to be made,

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<v Speaker 4>we're interested. And secondly, we're friendly and open hearted, and

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<v Speaker 4>we think everybody else is too until they've stabbed us twice.

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<v Speaker 4>They could stab us once and we think, well, maybe

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<v Speaker 4>that was a mistake because we're so naive about other

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<v Speaker 4>cultures around the world. So you combine that, you know,

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<v Speaker 4>business friendliness with just an open heartedness, and we're incredibly

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<v Speaker 4>easy to deceive as a people.

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<v Speaker 5>That's a nice little feature you put together there. I

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<v Speaker 5>got a handful of things that don't fit into any feature.

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<v Speaker 5>I just think they're interesting. Something somebody heard in a

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<v Speaker 5>government meeting yesterday that I found funny new movie that's out,

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<v Speaker 5>a biopic that I'm kind of interested in. A bunch

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<v Speaker 5>of other stuff on the way mine more details coming

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<v Speaker 5>out on that Ukrainian strike in Russia. Freaking fascinating, lots

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<v Speaker 5>of stuff on the way, stay here.

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<v Speaker 7>Colorado Rockies became the third fastest team to reach fifty

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<v Speaker 7>losses in an MLB history, making them the worst team

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<v Speaker 7>in the last one hundred and twenty five years. In response,

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<v Speaker 7>the team has announced that at future games they're changing

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<v Speaker 7>take me out to the ballgame to take me out

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<v Speaker 7>behind the shed and kill me.

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<v Speaker 4>Wow, it's a little dark kind of joke of that. Hey,

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<v Speaker 4>they'll turn it around. You're gonna bring some boys up

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<v Speaker 4>from Triple A.

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<v Speaker 2>It'll be fine.

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<v Speaker 5>Remember, originally the Colorado need to gold yeller on them. Yes,

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<v Speaker 5>Originally when the Colorado Rocky started playing, it was the

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<v Speaker 5>air is so thin and home runs unfair advantage, blah

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<v Speaker 5>blah blah. Now they're the worst team in one hundred

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<v Speaker 5>and twenty five years.

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<v Speaker 2>So yeah, whoops.

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<v Speaker 5>A number of things for you just came across this.

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<v Speaker 5>The Army has met its recruitment goal four months early.

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<v Speaker 5>That's a different vibe that we apparently have in the

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<v Speaker 5>country going right now than was happening under oh Man Biden.

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<v Speaker 5>Different story. This is from a government meeting. I'll be

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<v Speaker 5>very vague. I don't want to get anybody in trouble

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<v Speaker 5>who told me yesterday at this government meeting they were at.

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<v Speaker 5>It was an all day meeting. At the start of

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<v Speaker 5>one of the meetings, a woman raised her hand and

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<v Speaker 5>tearfully asked that the speaker stop saying you guys because

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<v Speaker 5>it was gender hurtful. So now the speaker says, y'all, wow,

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<v Speaker 5>I know it's hard to believe that actually exists.

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<v Speaker 2>Please then not use gendered language to advress everyone. Again.

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<v Speaker 2>That's the you people are crazy morons.

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<v Speaker 4>Meme of like a decade ago, or certainly five years ago.

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<v Speaker 2>When did the NBA Finals start? Michael? Is that tonight?

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<v Speaker 2>I believe so. Yeah, Pacers and City.

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<v Speaker 6>Yeah.

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<v Speaker 2>And I think the Thunder just gonna win the whole thing. Yeah.

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<v Speaker 5>I don't know what the ratings are going to be

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<v Speaker 5>like either, anyway, Uh, just gonna mention this. The Knicks

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<v Speaker 5>had the best run, the New York Kniggs had the

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<v Speaker 5>best run they'd had in a quarter of a century,

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<v Speaker 5>and they fired the code because they didn't make it further.

0:14:01.800 --> 0:14:04.400
<v Speaker 5>I have been with my favorite teams on the wrong

0:14:04.520 --> 0:14:06.960
<v Speaker 5>end of this many times. You have the best season

0:14:07.000 --> 0:14:10.000
<v Speaker 5>you've ever had, but don't make it all the way

0:14:10.000 --> 0:14:12.839
<v Speaker 5>to your fiery coach, and then it's another quarter century.

0:14:12.480 --> 0:14:16.840
<v Speaker 2>Before you ever get close again. I don't understand that. Yeah,

0:14:16.880 --> 0:14:18.600
<v Speaker 2>we would have gone all the way if it weren't

0:14:18.600 --> 0:14:18.880
<v Speaker 2>for that.

0:14:19.160 --> 0:14:23.040
<v Speaker 4>More on, let's switch everything out because we're automatically going

0:14:23.080 --> 0:14:24.280
<v Speaker 4>to be as good next year.

0:14:24.520 --> 0:14:27.240
<v Speaker 2>Yeah. Anyway, that's a funny thing that happens in sports.

0:14:27.280 --> 0:14:30.040
<v Speaker 5>Speaking of sports, a biopick coming out about one of

0:14:30.080 --> 0:14:33.320
<v Speaker 5>the more fascinating people in all of history of sports,

0:14:34.240 --> 0:14:40.160
<v Speaker 5>Raiders coach, then popular announcer than video game mogul. As

0:14:40.200 --> 0:14:43.480
<v Speaker 5>my son is super into playing Madden right now, John Madden.

0:14:43.840 --> 0:14:47.040
<v Speaker 5>Have you seen the pictures of Nicholas Cage as John Madden?

0:14:47.520 --> 0:14:49.880
<v Speaker 2>I have not let me test Cage. Let me text

0:14:49.880 --> 0:14:51.080
<v Speaker 2>that to everybody right now.

0:14:51.200 --> 0:14:54.160
<v Speaker 4>Yeah, Nicholas Cage is going to play John Madden in

0:14:54.200 --> 0:14:56.640
<v Speaker 4>the bio pick And in this picture right here, he

0:14:56.680 --> 0:14:59.600
<v Speaker 4>looks exactly like young John Madden, who used to stroll

0:14:59.640 --> 0:15:02.640
<v Speaker 4>the line with his shaggy hair the sidelines as the

0:15:02.640 --> 0:15:04.520
<v Speaker 4>coach of the Oakland Raiders.

0:15:04.560 --> 0:15:05.720
<v Speaker 2>So looks pretty good to me.

0:15:06.200 --> 0:15:08.720
<v Speaker 4>I'd like to see a biopic of Nicholas Cage, who

0:15:08.800 --> 0:15:12.040
<v Speaker 4>will like make any movie that will write him a check,

0:15:12.120 --> 0:15:16.320
<v Speaker 4>no matter how ridiculous and is an extremely gifted actor.

0:15:16.320 --> 0:15:18.560
<v Speaker 4>Oh yeah, I mean he's had some great role goes

0:15:18.600 --> 0:15:22.400
<v Speaker 4>back and forth between super amazing art and then just

0:15:22.720 --> 0:15:25.840
<v Speaker 4>crap for a bacheic Maybe that's how he funds.

0:15:25.680 --> 0:15:28.960
<v Speaker 2>The art, right sure. And then for some reason yesterday

0:15:29.080 --> 0:15:29.960
<v Speaker 2>I came across this.

0:15:30.040 --> 0:15:32.120
<v Speaker 5>I know this was a story like six months ago,

0:15:32.960 --> 0:15:36.120
<v Speaker 5>the whole you can stop a baby from crying by

0:15:36.160 --> 0:15:38.280
<v Speaker 5>throwing a slice of cheese on their head? Have you

0:15:38.320 --> 0:15:41.440
<v Speaker 5>ever actually watched in these videos?

0:15:41.480 --> 0:15:44.880
<v Speaker 2>Not that I recall, pretty entertaining. It's lots sounds like it.

0:15:44.880 --> 0:15:47.280
<v Speaker 5>It's lots and lots of babies crying, and then you

0:15:47.400 --> 0:15:49.640
<v Speaker 5>throw a slice of that, you know, not really cheese,

0:15:49.640 --> 0:15:51.560
<v Speaker 5>American cheese on their head, and.

0:15:51.480 --> 0:15:55.440
<v Speaker 4>You're not throwing it at the baby. You're just tossing

0:15:55.480 --> 0:15:58.560
<v Speaker 4>it their head. Pretty close to throwing it at the baby.

0:15:59.160 --> 0:16:01.120
<v Speaker 4>I don't yeah it throwing it at the baby. You

0:16:01.160 --> 0:16:04.000
<v Speaker 4>throw the cheese I'm not comfortable slaps on their head

0:16:04.120 --> 0:16:07.800
<v Speaker 4>and then they stop crying, which is not surprising in

0:16:07.840 --> 0:16:09.640
<v Speaker 4>that if you know, if you've had a crying baby

0:16:09.800 --> 0:16:10.360
<v Speaker 4>and you say.

0:16:10.240 --> 0:16:12.720
<v Speaker 2>Hey, now what's going on? Who's who's in a good mood?

0:16:12.760 --> 0:16:13.160
<v Speaker 2>You know, you can.

0:16:13.240 --> 0:16:15.640
<v Speaker 5>You can just you just interrupt their flow or what

0:16:15.680 --> 0:16:18.360
<v Speaker 5>they're thinking about. Often they stopped crying, but so will

0:16:18.440 --> 0:16:20.800
<v Speaker 5>slice the cheese apparently, But it's pretty funny.

0:16:20.840 --> 0:16:24.200
<v Speaker 8>Yes, yes, Katie, I don't know about the baby one,

0:16:24.240 --> 0:16:26.160
<v Speaker 8>but I have seen the trend where people are doing

0:16:26.240 --> 0:16:27.280
<v Speaker 8>this with their cats.

0:16:27.440 --> 0:16:32.680
<v Speaker 2>Oh really, hey, so I'm behind your toddlers of body training.

0:16:32.760 --> 0:16:34.640
<v Speaker 2>Isn't going well? Hit them in the head with a ham?

0:16:36.600 --> 0:16:39.000
<v Speaker 2>I mean, what the hell? This is child abuse.

0:16:39.200 --> 0:16:43.920
<v Speaker 4>I won't sit around chuckling about this so dary product

0:16:44.040 --> 0:16:45.520
<v Speaker 4>involved child abuse?

0:16:45.640 --> 0:16:47.600
<v Speaker 5>What do you do with the slice of cheese and

0:16:47.640 --> 0:16:50.240
<v Speaker 5>the cat? I mean, what what? What reaction are you

0:16:50.280 --> 0:16:50.880
<v Speaker 5>trying to get?

0:16:51.080 --> 0:16:52.400
<v Speaker 2>Exact same thing as the baby?

0:16:52.400 --> 0:16:55.720
<v Speaker 5>They just kind of lean back and you know, did

0:16:55.720 --> 0:16:57.080
<v Speaker 5>you to figure out why.

0:16:56.920 --> 0:16:58.800
<v Speaker 2>You just toss a piece of cheese on my head?

0:16:59.480 --> 0:17:00.600
<v Speaker 2>Cheese my face?

0:17:01.160 --> 0:17:05.400
<v Speaker 4>It is definitely an interrupter if you will, yeah, yeah, yeah, yeah,

0:17:05.480 --> 0:17:06.760
<v Speaker 4>yeah yeah, it gets your.

0:17:06.880 --> 0:17:10.080
<v Speaker 2>Where was I before this cheese was thrown on my head? Ah? Yes,

0:17:10.560 --> 0:17:14.359
<v Speaker 2>the crying more news of the day. Ah what Elon

0:17:14.480 --> 0:17:15.879
<v Speaker 2>Musk said, ooh drama.

0:17:18.600 --> 0:17:21.000
<v Speaker 5>I feel a little complicit in this, although I still

0:17:21.000 --> 0:17:24.919
<v Speaker 5>think it was an interesting story. So There is a

0:17:25.560 --> 0:17:29.160
<v Speaker 5>been a couple of profiles on the daughter of the

0:17:29.440 --> 0:17:37.399
<v Speaker 5>weird flamethrower psychopath terrorist uh Boulder suspect's daughter dreamed of

0:17:37.440 --> 0:17:38.280
<v Speaker 5>studying medicine.

0:17:38.280 --> 0:17:39.600
<v Speaker 2>Now she faces deportation.

0:17:39.800 --> 0:17:42.359
<v Speaker 5>US day to day has As somebody pointed out, I'm

0:17:42.359 --> 0:17:45.080
<v Speaker 5>glad you USA Today found the real victim. They've done

0:17:45.160 --> 0:17:48.200
<v Speaker 5>zero profiles and any of the people burned in the attack.

0:17:48.920 --> 0:17:52.040
<v Speaker 2>Right, Yeah, USA Today is shameless. Yeah.

0:17:52.080 --> 0:17:54.480
<v Speaker 5>It is interesting though that it seems his daughter is

0:17:54.520 --> 0:17:58.520
<v Speaker 5>an American loving successful What a great country where a

0:17:58.520 --> 0:18:01.280
<v Speaker 5>woman can be a doctor person and her dad is

0:18:01.320 --> 0:18:03.119
<v Speaker 5>a nut job?

0:18:03.560 --> 0:18:05.480
<v Speaker 2>Is lomiest scumbag? Yes?

0:18:05.880 --> 0:18:09.800
<v Speaker 4>Correct, coming up next segment. And I don't think I'm

0:18:09.840 --> 0:18:15.879
<v Speaker 4>over selling this. I've figured it all out. I don't

0:18:15.920 --> 0:18:19.080
<v Speaker 4>think I'm over selling this. I've figured it all out.

0:18:19.680 --> 0:18:24.080
<v Speaker 4>We're talking the national debt and deficit and what the

0:18:24.080 --> 0:18:27.280
<v Speaker 4>future is going to be. Just because I've figured it

0:18:27.320 --> 0:18:29.040
<v Speaker 4>out doesn't mean you're gonna like it.

0:18:29.280 --> 0:18:30.040
<v Speaker 2>Stay with us.

0:18:30.080 --> 0:18:31.880
<v Speaker 5>My son hits me with that every once in a while.

0:18:31.960 --> 0:18:33.840
<v Speaker 5>You know that I've figured out the meaning of life.

0:18:33.920 --> 0:18:38.800
<v Speaker 4>Okay, finally, Yes, So this's got a lot of attention. Yesterday,

0:18:38.880 --> 0:18:42.960
<v Speaker 4>Peter Doocey in the White House press room.

0:18:43.119 --> 0:18:46.000
<v Speaker 5>This gets to the whole auto pen. Who was running

0:18:46.040 --> 0:18:48.280
<v Speaker 5>the country. Did Joe Biden know what he was doing?

0:18:48.920 --> 0:18:50.480
<v Speaker 2>Story?

0:18:50.480 --> 0:18:55.680
<v Speaker 8>Look at these last minute pardons, the big ones, Biden siblings,

0:18:55.960 --> 0:18:59.560
<v Speaker 8>Fauci January sixth Committee. Most of the big ones had

0:18:59.600 --> 0:19:03.760
<v Speaker 8>the same, very neat signature. We would expect that probably

0:19:03.800 --> 0:19:08.760
<v Speaker 8>to be the auto pen. There is one that looks different,

0:19:08.880 --> 0:19:11.960
<v Speaker 8>It looks authentic. Is this White House of the opinion

0:19:12.160 --> 0:19:15.480
<v Speaker 8>that the only pardon that would count is one of

0:19:15.520 --> 0:19:17.080
<v Speaker 8>the presidents signed himself.

0:19:17.920 --> 0:19:18.679
<v Speaker 2>Very interesting.

0:19:19.000 --> 0:19:22.240
<v Speaker 1>The President is making a good point when he discusses

0:19:22.280 --> 0:19:25.240
<v Speaker 1>the usage of the autopen. Who was running the country

0:19:25.240 --> 0:19:28.520
<v Speaker 1>for the past four years. Perhaps those documents were signed

0:19:28.520 --> 0:19:32.080
<v Speaker 1>with the autopen. Something that this I believe the Department

0:19:32.080 --> 0:19:34.600
<v Speaker 1>of Justice is looking into. As you saw Ed Martin

0:19:34.600 --> 0:19:36.840
<v Speaker 1>made an announcement at the Department of Justice this morning

0:19:37.080 --> 0:19:40.920
<v Speaker 1>to launch an investigation because the American people deserve answers.

0:19:41.880 --> 0:19:44.320
<v Speaker 5>So we have James Colmer, he's head of the committee.

0:19:44.320 --> 0:19:46.720
<v Speaker 5>I'll just sum up for him so he can move on.

0:19:46.920 --> 0:19:50.200
<v Speaker 4>He says they're going to bring some White House staffers

0:19:50.240 --> 0:19:53.600
<v Speaker 4>in front of Congress and do some grilling and we'll see.

0:19:53.720 --> 0:19:57.280
<v Speaker 4>But it is kind of interesting that in that flurry

0:19:57.440 --> 0:20:01.000
<v Speaker 4>of last minute pardons there's a bunch that appear to

0:20:01.040 --> 0:20:04.480
<v Speaker 4>be the auto pen. It's hard to argue that Biden

0:20:04.600 --> 0:20:07.600
<v Speaker 4>wasn't behind those, since it was his own family and everything.

0:20:08.720 --> 0:20:12.240
<v Speaker 4>But then there's one extra with a different signature. Did

0:20:12.320 --> 0:20:15.879
<v Speaker 4>somebody slide that in? And you know the most of

0:20:15.920 --> 0:20:18.080
<v Speaker 4>the most of these or was that the only one

0:20:18.119 --> 0:20:19.320
<v Speaker 4>the Mummy was aware of?

0:20:19.600 --> 0:20:21.879
<v Speaker 2>True? True? Yeah?

0:20:22.040 --> 0:20:25.640
<v Speaker 4>Yeah, and yeah, and the whole the whole move there

0:20:25.640 --> 0:20:29.600
<v Speaker 4>in the last week to take drug offenders and move

0:20:29.640 --> 0:20:35.719
<v Speaker 4>their life sentence to probation or whatever. Was that super

0:20:36.040 --> 0:20:38.320
<v Speaker 4>progressive staff members that were into that, or was that

0:20:38.359 --> 0:20:40.919
<v Speaker 4>a big Joe Biden caused his whole life? And I

0:20:40.920 --> 0:20:41.800
<v Speaker 4>remember at the time it.

0:20:41.720 --> 0:20:43.840
<v Speaker 2>Seemed kind of weird. Yeah.

0:20:43.880 --> 0:20:47.280
<v Speaker 4>I still predicted very little will come of this because

0:20:47.320 --> 0:20:50.760
<v Speaker 4>it's going to be impossible to nail down anything significant.

0:20:50.760 --> 0:20:54.159
<v Speaker 4>But yeah, there was the Pollit Buro, as Tapper and

0:20:54.200 --> 0:20:56.760
<v Speaker 4>Thompson called them in the book, were running the White

0:20:56.760 --> 0:20:59.360
<v Speaker 4>House to a large extent. I just I'm not sure

0:20:59.359 --> 0:21:01.560
<v Speaker 4>there's any goal at the end of this rainbow.

0:21:01.840 --> 0:21:04.200
<v Speaker 5>Which is disappointing. But then there's one story I forget

0:21:04.240 --> 0:21:07.040
<v Speaker 5>what the policy was. But when Mike Johnson became Speaker

0:21:07.040 --> 0:21:09.600
<v Speaker 5>of the House, he met finally got to meet with

0:21:09.720 --> 0:21:11.760
<v Speaker 5>Joe Biden, and he said, why did you sign the

0:21:11.920 --> 0:21:14.359
<v Speaker 5>whatever it was, because that, you know, hurts this and

0:21:14.400 --> 0:21:15.439
<v Speaker 5>hurts that and everything like that.

0:21:15.480 --> 0:21:17.280
<v Speaker 2>And Joe Biden said, I didn't sign that. I'm still

0:21:17.320 --> 0:21:19.720
<v Speaker 2>studying that. And Johnson said, no, you signed it.

0:21:20.080 --> 0:21:23.359
<v Speaker 5>So either the old senile man forgot he signed it,

0:21:23.400 --> 0:21:27.560
<v Speaker 5>which is perfectly believable. I mean, he talked about a

0:21:27.560 --> 0:21:30.560
<v Speaker 5>woman being dead, then two minutes later asked to talk

0:21:30.600 --> 0:21:31.760
<v Speaker 5>to her, so you know.

0:21:31.840 --> 0:21:35.000
<v Speaker 2>He told the same story twice back to.

0:21:35.119 --> 0:21:37.800
<v Speaker 5>Back, right, So he could forget signing a bill, or

0:21:38.480 --> 0:21:40.680
<v Speaker 5>somebody signed it for him and he didn't know.

0:21:40.800 --> 0:21:41.920
<v Speaker 2>Which is also possible.

0:21:44.640 --> 0:21:45.960
<v Speaker 4>Yeah, at the time, I took it to be a

0:21:46.000 --> 0:21:50.760
<v Speaker 4>senility story, but it absolutely could be, you know the latter. Yeah,

0:21:50.800 --> 0:21:53.760
<v Speaker 4>I'm not saying don't investigate it because it's an interesting question.

0:21:53.920 --> 0:21:56.280
<v Speaker 2>I heard somebody say the other day. Not somebody. It

0:21:56.320 --> 0:21:58.080
<v Speaker 2>wasn't like the guideline at the grocery store.

0:21:58.080 --> 0:22:01.480
<v Speaker 4>It was a learned commentator saying, you know, the only

0:22:01.520 --> 0:22:04.199
<v Speaker 4>thing that the constitution says the president actually has to

0:22:04.359 --> 0:22:08.959
<v Speaker 4>sign is a bill, but I don't know there are

0:22:08.960 --> 0:22:13.840
<v Speaker 4>probably statutes surrounding that. That's just something I heard coming up.

0:22:13.880 --> 0:22:16.199
<v Speaker 4>I've figured it all out. Stay with wow.

0:22:16.880 --> 0:22:18.960
<v Speaker 5>Yeah, you know I would go ahead and be late

0:22:19.000 --> 0:22:23.080
<v Speaker 5>for work to hear it all has been figured out.

0:22:23.960 --> 0:22:30.760
<v Speaker 4>Yeah. I'm still waiting for the Joe Getty Cold Warrior jingle,

0:22:30.960 --> 0:22:37.440
<v Speaker 4>which I've requested because I have some more China news reasons.

0:22:38.560 --> 0:22:41.880
<v Speaker 4>Well yeah, yeah, reasons to be extremely suspicious of China

0:22:41.920 --> 0:22:43.120
<v Speaker 4>and it's various entities.

0:22:43.160 --> 0:22:44.399
<v Speaker 2>After a word from our friends.

0:22:44.400 --> 0:22:48.440
<v Speaker 4>It simply save home security, protect your stuff, protect the

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0:22:55.680 --> 0:22:57.960
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0:22:58.000 --> 0:23:03.000
<v Speaker 5>If someone's lurking around your house, agents can actually talk

0:23:03.040 --> 0:23:07.320
<v Speaker 5>to them in real time because you've got that liveguard

0:23:07.320 --> 0:23:10.480
<v Speaker 5>protection situation where people are watching on the cameras and

0:23:10.520 --> 0:23:12.800
<v Speaker 5>they could talk to them and say, hey, you lurk err,

0:23:12.840 --> 0:23:14.240
<v Speaker 5>I see you lurk and you better.

0:23:14.080 --> 0:23:15.520
<v Speaker 2>Get out of the copstraw on the way.

0:23:16.040 --> 0:23:17.840
<v Speaker 5>That sort of thing costs you about a dollar a

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<v Speaker 5>day with a sixty day money back guarantee. If you

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<v Speaker 5>want to try out the simplice safe system.

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<v Speaker 2>Love it.

0:23:23.080 --> 0:23:26.720
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0:23:30.000 --> 0:23:32.679
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0:23:38.560 --> 0:23:41.359
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0:23:43.080 --> 0:23:47.760
<v Speaker 4>That's simplysafe dot com slash armstrong. There's no safe like

0:23:47.840 --> 0:23:53.880
<v Speaker 4>simply Safe. So I was talking about this trucking company

0:23:54.000 --> 0:23:56.399
<v Speaker 4>that was sending all of its data to China a

0:23:56.440 --> 0:23:58.560
<v Speaker 4>week after it swore to the US government that it

0:23:58.560 --> 0:24:02.680
<v Speaker 4>wouldn't because the the state of the ability to monitor

0:24:02.720 --> 0:24:04.800
<v Speaker 4>that sort of thing and crack down on it is

0:24:05.119 --> 0:24:10.040
<v Speaker 4>very tenuous, very wishy washy, honestly, because we're still emerging

0:24:10.080 --> 0:24:13.480
<v Speaker 4>from the haze of that China just wants to engage

0:24:13.520 --> 0:24:17.000
<v Speaker 4>in trade and be our friends. Period of stupidity. But

0:24:17.119 --> 0:24:23.159
<v Speaker 4>so anyway, I scrolled down too far. So this is

0:24:23.240 --> 0:24:25.680
<v Speaker 4>too simple. A leader in the global race to develop

0:24:25.760 --> 0:24:30.960
<v Speaker 4>self driving trucks, they sent a bunch of data to Beijing.

0:24:33.000 --> 0:24:33.680
<v Speaker 2>Blah blah blah.

0:24:33.720 --> 0:24:36.760
<v Speaker 4>Within a year and a half of this coming, Delight

0:24:37.400 --> 0:24:41.200
<v Speaker 4>Too Simple voluntarily just shut down its US operations, auctioned

0:24:41.200 --> 0:24:44.040
<v Speaker 4>off its truck, delisted from the Nasdaq, Its leaders moved

0:24:44.119 --> 0:24:46.920
<v Speaker 4>hundreds of millions of dollars raised from US investors from

0:24:47.000 --> 0:24:50.560
<v Speaker 4>the company's accounts to China, according to legal documents, and

0:24:50.600 --> 0:24:52.080
<v Speaker 4>started new business ventures.

0:24:52.400 --> 0:24:56.200
<v Speaker 5>Wow, well, it's clear what happened there. The whole thing

0:24:56.320 --> 0:24:57.680
<v Speaker 5>was a ruse, the entire thing.

0:24:58.320 --> 0:25:01.479
<v Speaker 4>Yeah, yeah, I would agree, or at least it was

0:25:01.800 --> 0:25:06.040
<v Speaker 4>using the United States for our assets and our freedom.

0:25:06.160 --> 0:25:07.280
<v Speaker 2>And the moment.

0:25:09.000 --> 0:25:11.320
<v Speaker 4>We said no, you're going way too far and sharing,

0:25:11.520 --> 0:25:14.520
<v Speaker 4>you know, confidential data with the Chinese communists, they said,

0:25:14.520 --> 0:25:16.760
<v Speaker 4>all right, we're out, We're taking our money, goodbye. So

0:25:17.200 --> 0:25:19.399
<v Speaker 4>just know what you're dealing with when you're dealing with

0:25:19.440 --> 0:25:20.440
<v Speaker 4>the Chinese.

0:25:25.760 --> 0:25:26.879
<v Speaker 2>Was I supposed to have something?

0:25:27.280 --> 0:25:29.080
<v Speaker 4>Oh, I don't know. We could break now. I thought,

0:25:29.119 --> 0:25:32.680
<v Speaker 4>that's on talking on, Yeah, why not? After one more

0:25:32.760 --> 0:25:36.760
<v Speaker 4>quick mention, the phrase welcome in is driving people crazy?

0:25:37.960 --> 0:25:42.439
<v Speaker 5>What highly controversial? Welcome in? Does somebody say that to you?

0:25:42.440 --> 0:25:43.640
<v Speaker 5>When do people say that to you?

0:25:43.720 --> 0:25:46.360
<v Speaker 2>Oh? All the time they do, Oh yeah.

0:25:46.480 --> 0:25:50.480
<v Speaker 4>Welcome in, welcome homes or a restaurant all of the

0:25:50.560 --> 0:25:54.680
<v Speaker 4>above stores, and it's driving people great facilities. Yes, why

0:25:54.680 --> 0:25:56.840
<v Speaker 4>do people say welcome in all of a sudden Why

0:25:56.840 --> 0:25:57.959
<v Speaker 4>not just welcome? Why?

0:25:57.960 --> 0:25:59.920
<v Speaker 5>I don't ever interact with people, so I'm the wrong person.

0:26:00.560 --> 0:26:03.000
<v Speaker 5>But also that gets to the whole we've got to

0:26:03.080 --> 0:26:05.480
<v Speaker 5>I saved this for today because I wanted to talk

0:26:05.480 --> 0:26:06.680
<v Speaker 5>about it when you were here.

0:26:07.400 --> 0:26:08.080
<v Speaker 2>The whole.

0:26:08.359 --> 0:26:11.520
<v Speaker 5>Is there a crisis with men, adult men and friends

0:26:11.760 --> 0:26:13.840
<v Speaker 5>in America? Aw, some people just claim there is. I

0:26:13.880 --> 0:26:15.399
<v Speaker 5>don't know if there is or not, But we'll talk

0:26:15.440 --> 0:26:17.960
<v Speaker 5>about that later. So coming up the solution to the

0:26:18.040 --> 0:26:20.800
<v Speaker 5>national debt problem. You're going to hate it.

0:26:20.920 --> 0:26:24.960
<v Speaker 4>Stay with us, Armstrong he Yetti.

0:26:25.880 --> 0:26:29.639
<v Speaker 3>Just days after leaving the Trump administration, Elon Musk ripping

0:26:29.640 --> 0:26:32.160
<v Speaker 3>into the bill at the heart of President Trump's agenda.

0:26:32.600 --> 0:26:35.200
<v Speaker 3>I'm sorry, but I just can't stand it anymore, Musk

0:26:35.240 --> 0:26:39.560
<v Speaker 3>posted on x this massive, outrageous, pork filled congressional spending

0:26:39.600 --> 0:26:43.720
<v Speaker 3>bill is a disgusting abomination. It comes just hours after

0:26:43.760 --> 0:26:46.920
<v Speaker 3>Trump declared the bill a big winner, but Musk now

0:26:46.960 --> 0:26:51.040
<v Speaker 3>insisting the bill will massively increase the already gigantic budget

0:26:51.040 --> 0:26:55.080
<v Speaker 3>deficit to two point five trillion dollars and burden American

0:26:55.119 --> 0:26:57.840
<v Speaker 3>citizens with crushingly unsustainable debt.

0:26:58.000 --> 0:27:00.520
<v Speaker 5>The rest of that tweet was Elon saying everybody who

0:27:00.600 --> 0:27:02.560
<v Speaker 5>voted for it should be ashamed of themselves.

0:27:03.119 --> 0:27:03.320
<v Speaker 2>Right.

0:27:03.920 --> 0:27:08.000
<v Speaker 4>One more voice, this is Senator John Thune of Sandy,

0:27:08.200 --> 0:27:11.000
<v Speaker 4>of South Dakota rather thirty three.

0:27:11.080 --> 0:27:13.480
<v Speaker 9>Michael, will this lead to higher deficits? The answer to

0:27:13.480 --> 0:27:15.840
<v Speaker 9>that is no, They're going to get growth in the economy.

0:27:16.160 --> 0:27:18.080
<v Speaker 9>And when the economy again is grow on expanding, you

0:27:18.080 --> 0:27:21.000
<v Speaker 9>get more government revenue. Add to that the almost a

0:27:21.000 --> 0:27:23.280
<v Speaker 9>couple of trillion dollars in cuts that are in the bill,

0:27:23.760 --> 0:27:28.080
<v Speaker 9>and you have the most significant reduction in spending and

0:27:28.160 --> 0:27:30.080
<v Speaker 9>biggest amount of savings in history.

0:27:31.040 --> 0:27:34.720
<v Speaker 4>Okay, so we're going did you want to throw in

0:27:34.760 --> 0:27:36.399
<v Speaker 4>one comment before we plunge ahead?

0:27:36.440 --> 0:27:39.159
<v Speaker 5>The saving The savings are always on the back end

0:27:39.240 --> 0:27:41.800
<v Speaker 5>and don't happen the the Yeah.

0:27:42.119 --> 0:27:48.160
<v Speaker 2>Yeah, yeah, absolutely true. So through the use of two.

0:27:47.960 --> 0:27:50.239
<v Speaker 4>Emails, we will set up the problem. Then I will

0:27:50.320 --> 0:27:53.120
<v Speaker 4>hit you with the obvious solution that is not only

0:27:53.280 --> 0:27:56.760
<v Speaker 4>going to happen, it's happening now. Cannibalism, that's part of it.

0:27:57.440 --> 0:28:01.119
<v Speaker 4>So JT writes, both sides live about taxes and spending.

0:28:01.160 --> 0:28:03.280
<v Speaker 4>They lie to us, probably to themselves. The so called

0:28:03.280 --> 0:28:05.760
<v Speaker 4>Big Beautiful Bill will make the Trump tax cuts permanent

0:28:05.880 --> 0:28:08.520
<v Speaker 4>until they aren't, and they will stimulate the economy more

0:28:08.560 --> 0:28:11.120
<v Speaker 4>than letting them expire. But our economic debt problem won't

0:28:11.119 --> 0:28:12.919
<v Speaker 4>be solved by keeping the tax rates as they are

0:28:13.000 --> 0:28:16.200
<v Speaker 4>right now. Tax cuts won't pay for themselves completely.

0:28:16.240 --> 0:28:16.879
<v Speaker 2>They never do.

0:28:18.520 --> 0:28:21.600
<v Speaker 4>Alternatively, tax rate increases never bring down the deficit or

0:28:21.600 --> 0:28:26.080
<v Speaker 4>the debt. The government just spends more, etc. Blah blah blah.

0:28:26.240 --> 0:28:27.680
<v Speaker 2>So that's the problem.

0:28:27.760 --> 0:28:31.840
<v Speaker 4>Obviously, nobody's willing to do anything about it politically. This

0:28:32.080 --> 0:28:36.760
<v Speaker 4>is a brilliant, elegant solution to the debt problem.

0:28:37.359 --> 0:28:38.640
<v Speaker 2>It is also horrifying.

0:28:40.680 --> 0:28:44.000
<v Speaker 4>This is from frequent correspondent Pawlow, who's compiled a couple

0:28:44.000 --> 0:28:46.360
<v Speaker 4>of different sources, and I am completely convinced if this

0:28:46.480 --> 0:28:48.880
<v Speaker 4>is in any way wrong, Please tell us why. Mail

0:28:48.920 --> 0:28:52.320
<v Speaker 4>bag at Armstrong e getty dot com. A theory about

0:28:52.320 --> 0:28:56.000
<v Speaker 4>Trump's economic strategy, and it's not just Trump's by the way,

0:28:56.080 --> 0:29:03.480
<v Speaker 4>to intro Intrapolo's flow, They're going to let inflation fix

0:29:03.560 --> 0:29:03.960
<v Speaker 4>the debt.

0:29:04.520 --> 0:29:05.880
<v Speaker 2>It's not a new idea.

0:29:06.480 --> 0:29:10.200
<v Speaker 4>Fixing it in a sensible way is probably politically impossible anyway,

0:29:10.560 --> 0:29:18.760
<v Speaker 4>ladies and gentlemen. We have an enormous debt, and it

0:29:18.840 --> 0:29:23.160
<v Speaker 4>is practically politically impossible to raise taxes enough or cut

0:29:23.200 --> 0:29:28.480
<v Speaker 4>spending enough to retire that debt and those deficits. So

0:29:29.280 --> 0:29:34.520
<v Speaker 4>what if we could enact a gigantic hidden tax that

0:29:34.640 --> 0:29:37.040
<v Speaker 4>people didn't realize they were being taxed.

0:29:38.840 --> 0:29:39.560
<v Speaker 2>That's inflation.

0:29:39.960 --> 0:29:41.680
<v Speaker 4>If you've been listening to the show, we explained it

0:29:41.720 --> 0:29:46.200
<v Speaker 4>many times how inflation is a hidden tax. You accumulate

0:29:46.240 --> 0:29:49.560
<v Speaker 4>a certain amount of debt, you print enough money and

0:29:49.680 --> 0:29:51.000
<v Speaker 4>put it out into circulation.

0:29:51.200 --> 0:29:54.240
<v Speaker 2>That million dollars of debt you owed.

0:29:55.160 --> 0:29:57.680
<v Speaker 4>A few years later, a million dollars feels like half

0:29:57.720 --> 0:30:02.000
<v Speaker 4>a million dollars. You know how inflation work. If it's prices,

0:30:02.080 --> 0:30:06.160
<v Speaker 4>it's in reverse. But it's almost like you look back

0:30:06.200 --> 0:30:09.520
<v Speaker 4>at the rent you paid in nineteen ninety four and

0:30:09.560 --> 0:30:12.680
<v Speaker 4>you're thinking, wow, that's quaint. Well what if that was

0:30:12.720 --> 0:30:16.040
<v Speaker 4>a debt, you'd think, wow, that's quaint.

0:30:16.640 --> 0:30:17.760
<v Speaker 2>I can pay that off.

0:30:18.200 --> 0:30:22.360
<v Speaker 4>Right. So, getting back to Powello's email, Trump wants to

0:30:22.360 --> 0:30:24.880
<v Speaker 4>goose the booming economy. He'll do it and let fiscal

0:30:24.920 --> 0:30:27.560
<v Speaker 4>policy resolve the situation later, or at least that's how

0:30:27.600 --> 0:30:30.200
<v Speaker 4>we'll rationalize it, and again the Democrats are fully on board.

0:30:30.240 --> 0:30:32.360
<v Speaker 2>My god, look at the inflation during the Biden years.

0:30:32.800 --> 0:30:35.560
<v Speaker 4>All it takes is a fed that keeps interest rates low,

0:30:35.640 --> 0:30:38.680
<v Speaker 4>come hell or high water, and inflation be damned. The

0:30:38.680 --> 0:30:41.800
<v Speaker 4>inflation that follows effectively lowers the debt and effectively taxes

0:30:41.800 --> 0:30:45.240
<v Speaker 4>everybody at an equal, hard to predict and probably very

0:30:45.360 --> 0:30:48.160
<v Speaker 4>high rate. That's probably a doable plan, just takes a

0:30:48.200 --> 0:30:50.920
<v Speaker 4>handful of people to pull it off. Anything that requires

0:30:50.920 --> 0:30:56.360
<v Speaker 4>Congress will probably never happen. It's called fiscal dominance. And

0:30:56.400 --> 0:30:58.440
<v Speaker 4>I've got a couple of articles that we could get

0:30:58.480 --> 0:31:01.120
<v Speaker 4>a little more into detail, slash into the weeds, but

0:31:01.520 --> 0:31:04.680
<v Speaker 4>you've got the broad outlines of it. We pay off

0:31:04.680 --> 0:31:06.880
<v Speaker 4>the debt through fueling inflation.

0:31:09.240 --> 0:31:10.360
<v Speaker 2>Well, just from.

0:31:10.240 --> 0:31:14.680
<v Speaker 5>A tax standpoint, if you treat it as a tax,

0:31:14.880 --> 0:31:17.200
<v Speaker 5>at least it gets spread among everybody, and it's not

0:31:17.440 --> 0:31:21.520
<v Speaker 5>the very very narrow tax base that is so incredibly

0:31:22.240 --> 0:31:22.920
<v Speaker 5>unfair and.

0:31:24.760 --> 0:31:26.320
<v Speaker 2>Keeps us from ever dealing with anything.

0:31:26.480 --> 0:31:28.360
<v Speaker 5>But that doesn't work in this case, because we just

0:31:28.400 --> 0:31:31.280
<v Speaker 5>can't keep spending more than we take in and hiding

0:31:31.320 --> 0:31:34.440
<v Speaker 5>it in Inflation is not a good idea.

0:31:34.640 --> 0:31:37.840
<v Speaker 4>Oh no, it's a horrifying idea. Yeah, it is, what's

0:31:37.920 --> 0:31:41.560
<v Speaker 4>going to happen. Yeah, Nick G. Lispie is a guy

0:31:41.560 --> 0:31:45.640
<v Speaker 4>who runs reason on their libertarians. He's a hardcore libertarian.

0:31:45.640 --> 0:31:47.920
<v Speaker 4>Oh he's wears the other jacket. It's the libertarian look.

0:31:48.920 --> 0:31:50.200
<v Speaker 4>He was, really, you want to be ready.

0:31:50.360 --> 0:31:53.000
<v Speaker 5>He was responding to Senator Tom Cotton who tweeted out

0:31:53.000 --> 0:31:56.160
<v Speaker 5>today our tax cuts were set up America for economic growth,

0:31:56.640 --> 0:31:59.240
<v Speaker 5>and he said, simply, Nick Gllspie said, simply not true.

0:31:59.280 --> 0:32:01.440
<v Speaker 5>The best thing you could do is reduce spending. That's

0:32:01.480 --> 0:32:04.280
<v Speaker 5>the one thing the government could actually control with spending.

0:32:04.480 --> 0:32:07.680
<v Speaker 5>And Republicans like Democrats, never cut spending yet. That's the way.

0:32:07.760 --> 0:32:09.600
<v Speaker 4>It's just like if you want a diet, you can

0:32:09.640 --> 0:32:11.600
<v Speaker 4>work out really really hard, but you gotta stop eating

0:32:11.600 --> 0:32:13.920
<v Speaker 4>cake and ice cream. You gotta stop taking in all

0:32:13.920 --> 0:32:16.320
<v Speaker 4>the glories if you really want to get it under control.

0:32:16.440 --> 0:32:18.360
<v Speaker 4>Sure you don't grow on the economy, that's all great,

0:32:18.360 --> 0:32:20.280
<v Speaker 4>But we gotta stop spending so much.

0:32:20.360 --> 0:32:21.160
<v Speaker 2>You just have to.

0:32:21.320 --> 0:32:23.520
<v Speaker 4>It's the only way you're actually going to ever get there.

0:32:24.120 --> 0:32:28.040
<v Speaker 4>But we won't, or we haven't yet. Well, I think

0:32:28.160 --> 0:32:33.600
<v Speaker 4>our two grimly realistic correspondents absolutely nailed it. Americans won't

0:32:33.600 --> 0:32:35.920
<v Speaker 4>consent to taxes high enough to take care of the problem.

0:32:36.440 --> 0:32:38.320
<v Speaker 2>Congress wouldn't even try to pass it anyway.

0:32:38.320 --> 0:32:42.840
<v Speaker 4>It's politically untenable, and as we've seen illustrated all too

0:32:42.960 --> 0:32:47.640
<v Speaker 4>vividly in the recent Republican effort to do anything about Medicaid. Yeah,

0:32:48.160 --> 0:32:50.160
<v Speaker 4>which if you're not familiar with it, it's gone from

0:32:50.440 --> 0:32:52.600
<v Speaker 4>a very small program that was supposed to help the

0:32:52.640 --> 0:32:56.840
<v Speaker 4>most beleaguered and poor among us to now a program

0:32:56.840 --> 0:33:00.720
<v Speaker 4>for millions and millions of able bodied working people who

0:33:00.760 --> 0:33:02.640
<v Speaker 4>just don't feel like working, and they're on the government

0:33:02.680 --> 0:33:07.600
<v Speaker 4>doll even raining that in slightly. The Democrats mobilized a

0:33:07.720 --> 0:33:12.560
<v Speaker 4>massive and fairly effective they're trying to render blind people

0:33:12.600 --> 0:33:17.920
<v Speaker 4>homeless and kick poverty stricken babies, and it worked enough

0:33:17.920 --> 0:33:20.440
<v Speaker 4>that Republicans backed off. They thought, there's no win in

0:33:20.440 --> 0:33:22.320
<v Speaker 4>this fight. Screw it, We'll just keep Medicaid as it is.

0:33:22.440 --> 0:33:24.720
<v Speaker 5>Yeah, the Republicans I see on any of the talk shows,

0:33:24.720 --> 0:33:26.880
<v Speaker 5>they don't do a good job of selling it as Hey,

0:33:26.880 --> 0:33:30.160
<v Speaker 5>we got a bunch of lazy bums on Medicaid that

0:33:30.200 --> 0:33:34.440
<v Speaker 5>shouldn't be getting it. They must think that politically that

0:33:34.480 --> 0:33:36.600
<v Speaker 5>doesn't work, you know.

0:33:36.640 --> 0:33:37.960
<v Speaker 2>I read a piece by Carl Rove.

0:33:38.000 --> 0:33:39.840
<v Speaker 4>And I know a lot of people in the kind

0:33:39.880 --> 0:33:42.520
<v Speaker 4>of the newer Conservatism don't like Carl Rove at all.

0:33:42.560 --> 0:33:44.680
<v Speaker 4>And you know, he's got a flaw. He's got flaws

0:33:44.680 --> 0:33:47.760
<v Speaker 4>like all of us. But he was arguing and he

0:33:47.840 --> 0:33:49.640
<v Speaker 4>fleshed it out. I might be able to find it.

0:33:49.680 --> 0:33:51.480
<v Speaker 4>But he said, look, we've just got to pitch the

0:33:51.520 --> 0:33:54.760
<v Speaker 4>idea that there are freeloaders ripping off the system. Just

0:33:54.880 --> 0:33:57.400
<v Speaker 4>use the word freeloaders and point out how the freeloaders

0:33:57.440 --> 0:34:01.000
<v Speaker 4>are taking benefits from the blind people and the poor

0:34:01.000 --> 0:34:01.640
<v Speaker 4>people and the.

0:34:01.600 --> 0:34:02.760
<v Speaker 2>Babies, which is true.

0:34:03.240 --> 0:34:07.800
<v Speaker 4>And I read it and I thought, that's brilliantly obviously,

0:34:08.360 --> 0:34:13.919
<v Speaker 4>simply effective. But either the Republicans are gutless cowards, which

0:34:13.960 --> 0:34:17.840
<v Speaker 4>is certainly possible, or they have perceived that no, that

0:34:18.040 --> 0:34:21.160
<v Speaker 4>just it doesn't work, it's too easy to frighten people,

0:34:21.280 --> 0:34:21.880
<v Speaker 4>or we're.

0:34:21.719 --> 0:34:22.600
<v Speaker 2>Not even going to try.

0:34:22.760 --> 0:34:25.799
<v Speaker 5>Or is it that along with those freeloaders have been

0:34:25.880 --> 0:34:28.319
<v Speaker 5>voting republic in the last couple of cycles, they're now

0:34:28.360 --> 0:34:31.360
<v Speaker 5>Trump voters, They're now Republican voters. The freeloaders, Hello, we

0:34:31.400 --> 0:34:33.520
<v Speaker 5>can't be calling out the freeloaders.

0:34:33.560 --> 0:34:37.240
<v Speaker 4>Right, your rust belt, your Appalachia whatever, where the plant

0:34:37.440 --> 0:34:41.359
<v Speaker 4>is closed and everybody's on disability now and getting government checks. Yeah,

0:34:41.640 --> 0:34:45.359
<v Speaker 4>it's the hillbilly elogy crowd. Honestly, JD tell us about it. Yeah,

0:34:45.880 --> 0:34:50.200
<v Speaker 4>that's really frustrating. Yeah, I'm sorry to bring you bad tidings.

0:34:50.280 --> 0:34:55.080
<v Speaker 4>But now that I see it, I see the problem

0:34:55.080 --> 0:34:56.960
<v Speaker 4>in the solution, it makes perfect sense. It's a puzzle

0:34:57.000 --> 0:34:57.680
<v Speaker 4>piece that fits.

0:34:57.960 --> 0:35:00.759
<v Speaker 5>The latest number from the CBO just came out on

0:35:00.840 --> 0:35:03.719
<v Speaker 5>the disgusting abomination and says the bill could add two

0:35:03.719 --> 0:35:06.520
<v Speaker 5>point four trillion dollars to the national debt over the

0:35:06.560 --> 0:35:11.080
<v Speaker 5>next decade. The CBO, of course, it's if it's your

0:35:11.080 --> 0:35:14.480
<v Speaker 5>opponent's bill, you claim it's accurate. If it's your bill,

0:35:14.520 --> 0:35:16.239
<v Speaker 5>you claim they never get it right, and then it

0:35:16.320 --> 0:35:17.880
<v Speaker 5>flips when they the other.

0:35:17.800 --> 0:35:18.720
<v Speaker 2>Side has power.

0:35:19.480 --> 0:35:21.880
<v Speaker 4>Of course, keep in mind, is you pointed out quite

0:35:22.000 --> 0:35:27.960
<v Speaker 4>aptly not long ago. The spending is immediate, The savings

0:35:27.960 --> 0:35:30.400
<v Speaker 4>and the cuts are a few years down the road,

0:35:31.040 --> 0:35:33.960
<v Speaker 4>and they never end up happening. No, so the CBO

0:35:34.080 --> 0:35:38.560
<v Speaker 4>is underestimated. I would guess the adding to the debt.

0:35:38.719 --> 0:35:43.440
<v Speaker 5>Yeah, and Mike Johnson can make accurate arguments about cutting

0:35:43.520 --> 0:35:47.680
<v Speaker 5>spending mathematically, but if the spending is down the road

0:35:47.719 --> 0:35:50.120
<v Speaker 5>when there will be a different administration in different Congress,

0:35:50.120 --> 0:35:52.439
<v Speaker 5>and then they do away with it at the time,

0:35:53.239 --> 0:35:54.080
<v Speaker 5>doesn't make any difference.

0:35:54.120 --> 0:35:55.680
<v Speaker 2>And that has happened over and over and over again.

0:35:56.120 --> 0:35:58.200
<v Speaker 4>Yeah, honey, if we buy this vote, I will give

0:35:58.320 --> 0:36:01.120
<v Speaker 4>up drinking and golf in twenty twenty seven.

0:36:01.200 --> 0:36:03.560
<v Speaker 2>My argument for us being right is just look at

0:36:03.600 --> 0:36:05.000
<v Speaker 2>a graph of US debt.

0:36:05.360 --> 0:36:08.360
<v Speaker 5>It only goes one direction, no matter who's president, no

0:36:08.480 --> 0:36:11.000
<v Speaker 5>matter who has control of all three branches, it just

0:36:11.080 --> 0:36:11.759
<v Speaker 5>goes one way.

0:36:12.400 --> 0:36:15.080
<v Speaker 2>Oh no, that's just a technicality. I don't see your

0:36:15.120 --> 0:36:18.440
<v Speaker 2>point at all. Oh my god, it's frustrating. Yeah, so

0:36:18.600 --> 0:36:21.239
<v Speaker 2>democracy doesn't work anymore. We tried. We gave it a

0:36:21.280 --> 0:36:21.680
<v Speaker 2>good try.

0:36:21.840 --> 0:36:24.000
<v Speaker 5>If you missed a segment, get the podcast Armstrong and

0:36:24.040 --> 0:36:27.240
<v Speaker 5>Getty on demand Armstrong and Getty