1 00:00:00,080 --> 00:00:03,320 Speaker 1: Welcome to today's edition of The Clay Travis and Buck 2 00:00:03,360 --> 00:00:07,720 Speaker 1: Sexton Show podcast, second hour of play in Buck. I 3 00:00:07,880 --> 00:00:10,960 Speaker 1: just mentioned this a few moments ago, a run on 4 00:00:11,000 --> 00:00:17,000 Speaker 1: a major US bank, And one of the questions that 5 00:00:17,280 --> 00:00:23,279 Speaker 1: I've often asked people in the financial world is what 6 00:00:23,400 --> 00:00:27,080 Speaker 1: are the things you look for if a recession or 7 00:00:27,120 --> 00:00:30,200 Speaker 1: even a depression is coming. What are some of those 8 00:00:30,280 --> 00:00:34,199 Speaker 1: igniting moments? What can be the turning point? And if 9 00:00:34,200 --> 00:00:37,360 Speaker 1: you were coming up with a list, Sure, a major 10 00:00:37,400 --> 00:00:41,040 Speaker 1: attack by a near peer foreign power military strike, right, 11 00:00:41,200 --> 00:00:44,440 Speaker 1: that might send you into a rough financial situation for 12 00:00:44,479 --> 00:00:50,320 Speaker 1: a while. A huge oil shock, massive disruption in the 13 00:00:50,400 --> 00:00:56,760 Speaker 1: energy markets that could create real problems. Stock market crash, Sure, 14 00:00:57,080 --> 00:01:01,640 Speaker 1: that's another one that sends the economy into a tailspin. 15 00:01:02,680 --> 00:01:05,040 Speaker 1: But if you're looking at something, if you're wondering what 16 00:01:05,400 --> 00:01:09,319 Speaker 1: can really just put an economy flat on its back 17 00:01:09,959 --> 00:01:12,200 Speaker 1: in what feels like the blink of an eye when 18 00:01:12,240 --> 00:01:17,080 Speaker 1: it's happening. Bank failures, that's something you really have to 19 00:01:17,120 --> 00:01:20,760 Speaker 1: avoid at all costs. And as we all can remember, 20 00:01:21,080 --> 00:01:23,759 Speaker 1: that was in the case of Lehman Brothers with an 21 00:01:23,760 --> 00:01:27,920 Speaker 1: investment bank. What got us started with the plunge into 22 00:01:27,959 --> 00:01:31,600 Speaker 1: the Great recession of two thousand and eight. Now, maybe 23 00:01:31,600 --> 00:01:36,160 Speaker 1: this is all able to be patched up. For the 24 00:01:36,200 --> 00:01:39,200 Speaker 1: most part, there's gonna be there's gonna be negative consequences 25 00:01:39,200 --> 00:01:42,800 Speaker 1: of this. But as I speak to you right now, 26 00:01:43,319 --> 00:01:46,280 Speaker 1: you have to look at an incident like this situation 27 00:01:46,360 --> 00:01:50,560 Speaker 1: with a Silicon Valley bank and think this is something 28 00:01:50,640 --> 00:01:56,800 Speaker 1: that could be that first spark into the dry tinder. 29 00:01:57,440 --> 00:02:01,440 Speaker 1: This could take an economy that is, let's be honest, 30 00:02:01,480 --> 00:02:05,480 Speaker 1: the US economy has been Underbiden stumbling along it. You know, 31 00:02:05,520 --> 00:02:09,120 Speaker 1: we haven't seen massive job losses of this scale that 32 00:02:09,200 --> 00:02:13,520 Speaker 1: would force Democrats to admit it's happening. We haven't seen 33 00:02:14,200 --> 00:02:18,320 Speaker 1: the kind of economic dislocation and even despair that would 34 00:02:18,400 --> 00:02:22,080 Speaker 1: lead people to use the D word depression. That's clear, 35 00:02:22,120 --> 00:02:25,639 Speaker 1: that's obvious. It's been muddling through. It's been a kind 36 00:02:25,680 --> 00:02:30,400 Speaker 1: of stumbling along technically in recession last year, but not really, 37 00:02:30,440 --> 00:02:34,080 Speaker 1: they say, And then we argued over that stock market 38 00:02:34,200 --> 00:02:39,120 Speaker 1: is down substantially Underbiden, but it hasn't crashed. Housing. You know, 39 00:02:39,760 --> 00:02:42,360 Speaker 1: rates have gone up. Housing prices though in a lot 40 00:02:42,440 --> 00:02:44,480 Speaker 1: of places, I mean I'm down here in Florida, housing 41 00:02:44,480 --> 00:02:48,280 Speaker 1: prices are steady or going up still, so it hasn't 42 00:02:48,320 --> 00:02:51,480 Speaker 1: been yet what some had thought would happen, which was 43 00:02:51,520 --> 00:02:57,000 Speaker 1: a major correction from years and years of a bull 44 00:02:57,080 --> 00:03:00,600 Speaker 1: market and tremendous financial growth in America. Thank you Trump 45 00:03:00,639 --> 00:03:05,880 Speaker 1: administration for a few amazing years pre pandemic into something 46 00:03:05,960 --> 00:03:11,320 Speaker 1: that makes everybody really feel the economic pain. And I 47 00:03:11,360 --> 00:03:15,399 Speaker 1: don't know what this Silicon Valley Bank run situation will 48 00:03:15,400 --> 00:03:18,960 Speaker 1: turn into. I think that people who get too deep 49 00:03:19,000 --> 00:03:22,040 Speaker 1: into economic forecasting end up doing a lot of apologizing 50 00:03:22,040 --> 00:03:24,840 Speaker 1: if you look at their records. But I do know 51 00:03:24,960 --> 00:03:28,720 Speaker 1: that this is the kind of thing, This is the 52 00:03:28,840 --> 00:03:33,160 Speaker 1: sort of incident that can lead to big problems. Here's 53 00:03:33,160 --> 00:03:38,560 Speaker 1: what's happening. Silicon Valley Bank in Santa Clara, California is 54 00:03:38,560 --> 00:03:42,080 Speaker 1: the eighteenth largest bank in the US. So this is 55 00:03:42,120 --> 00:03:45,320 Speaker 1: not some little local bank that's just taking you a 56 00:03:45,440 --> 00:03:48,640 Speaker 1: mom and pop deposits from the from the general store 57 00:03:48,680 --> 00:03:52,760 Speaker 1: and no, no, this is a bank that has two 58 00:03:52,880 --> 00:03:56,560 Speaker 1: hundred and twelve billion dollars of assets as of September, 59 00:03:57,480 --> 00:03:59,400 Speaker 1: so call it, you know, two hundred plus billion in 60 00:03:59,480 --> 00:04:04,360 Speaker 1: assets a lot of money. But also very importantly, this 61 00:04:04,520 --> 00:04:09,120 Speaker 1: is a bank that is known for being a lender 62 00:04:09,160 --> 00:04:12,040 Speaker 1: of first resort for a lot of venture capital firms, 63 00:04:12,960 --> 00:04:16,040 Speaker 1: so a lot of in the tech space. Right, we're 64 00:04:16,080 --> 00:04:18,400 Speaker 1: thinking silt Silicon Valley Bank. Why they name it that 65 00:04:18,400 --> 00:04:21,200 Speaker 1: because it's in Silicon Valley and it's dealing with the 66 00:04:21,240 --> 00:04:26,000 Speaker 1: companies in that area, which are which have been a 67 00:04:26,000 --> 00:04:29,000 Speaker 1: lot of the major drivers of the US economy for 68 00:04:29,040 --> 00:04:31,600 Speaker 1: the last on the last ten years or so, I mean, 69 00:04:31,720 --> 00:04:34,159 Speaker 1: give or take. I mean you look at Google and 70 00:04:34,200 --> 00:04:39,280 Speaker 1: Facebook and Amazon and Netflix and these companies and what 71 00:04:39,320 --> 00:04:41,960 Speaker 1: they've been able to do, and the valuations they have 72 00:04:42,560 --> 00:04:47,960 Speaker 1: and the stock runs that they've had, it's a big deal. Well, 73 00:04:48,120 --> 00:04:52,640 Speaker 1: Silicon Valley Bank was where you would go and a 74 00:04:52,680 --> 00:04:56,679 Speaker 1: lot of cases as a venture capital firm to get 75 00:04:56,720 --> 00:04:59,600 Speaker 1: the money to put a deal together, to invest in 76 00:05:00,279 --> 00:05:04,960 Speaker 1: tech startups, to look at a tech company that perhaps 77 00:05:05,040 --> 00:05:07,279 Speaker 1: is about to do a major expansion or an acquisition. 78 00:05:07,760 --> 00:05:12,200 Speaker 1: So this bank, the funds that it has are used 79 00:05:12,200 --> 00:05:18,680 Speaker 1: to lubricate and finance the mechanisms of the Internet. Right. 80 00:05:18,920 --> 00:05:22,720 Speaker 1: Think of it that way. The startups, i should say, 81 00:05:22,760 --> 00:05:26,080 Speaker 1: that are operating in that tech space, the new and 82 00:05:26,279 --> 00:05:31,159 Speaker 1: up and coming, the next the next tranche of great 83 00:05:31,400 --> 00:05:36,880 Speaker 1: Internet companies. And the fact that this bank has had 84 00:05:36,880 --> 00:05:39,400 Speaker 1: a run. I mean there are photo circulating of people 85 00:05:39,760 --> 00:05:44,480 Speaker 1: desperately standing in line trying to get their money out. 86 00:05:45,600 --> 00:05:48,800 Speaker 1: This is today, and this is happening right now. And 87 00:05:48,839 --> 00:05:52,600 Speaker 1: this isn't some you know, little bank nobody's ever heard of. 88 00:05:52,600 --> 00:05:54,440 Speaker 1: I mean, this is a bank that is supposed to 89 00:05:54,520 --> 00:05:59,640 Speaker 1: be highly sophisticated, incredibly well connected, and you know, they 90 00:05:59,680 --> 00:06:03,400 Speaker 1: try to raise I think I've tried to raise a 91 00:06:03,400 --> 00:06:08,000 Speaker 1: couple of billion dollars to deal with the shortfall that 92 00:06:08,120 --> 00:06:12,520 Speaker 1: they have gone through and it just hasn't works. So 93 00:06:12,640 --> 00:06:18,760 Speaker 1: now you've seen the regulators, the Federal Deposit Insurance Corporation FDIC, 94 00:06:19,160 --> 00:06:24,599 Speaker 1: seizing this bank and people are finding out. You know 95 00:06:24,640 --> 00:06:26,400 Speaker 1: that whole thing about how you're insured up the two 96 00:06:26,440 --> 00:06:29,760 Speaker 1: hundred fifty thousand dollars, Well, that's nice. You know what 97 00:06:29,839 --> 00:06:32,520 Speaker 1: happens beyond that level, which when you're talking about a 98 00:06:32,520 --> 00:06:34,920 Speaker 1: lot of a lot of depositors, a lot of people 99 00:06:34,920 --> 00:06:39,240 Speaker 1: with accounts at SVB Silicon Valley Bank are in this category. 100 00:06:40,040 --> 00:06:43,039 Speaker 1: You're hoping maybe you get your money back, but maybe 101 00:06:43,080 --> 00:06:47,280 Speaker 1: you don't because it comes from the sale the liquidation 102 00:06:47,360 --> 00:06:50,680 Speaker 1: of whatever assets the bank has. And you know it's 103 00:06:50,720 --> 00:06:53,400 Speaker 1: a bank, it's not you know, this isn't like the 104 00:06:53,440 --> 00:06:56,880 Speaker 1: Disney Corporation that owns hundreds of millions of dollars of 105 00:06:56,920 --> 00:07:00,360 Speaker 1: real estate, etc. Etc. Right, this is a bank. So 106 00:07:00,520 --> 00:07:02,560 Speaker 1: they're going to sell off what they can in terms 107 00:07:02,600 --> 00:07:05,400 Speaker 1: of assets on the balance sheets, and then maybe you 108 00:07:05,480 --> 00:07:07,679 Speaker 1: get back some of your money. Maybe you don't beyond 109 00:07:07,680 --> 00:07:09,800 Speaker 1: the two fifty that the federal government steps in with. 110 00:07:10,880 --> 00:07:17,239 Speaker 1: So this bank very rapidly has reached a point where well, 111 00:07:17,680 --> 00:07:21,520 Speaker 1: people are wondering about contagion. Is this going to happen 112 00:07:21,800 --> 00:07:24,440 Speaker 1: somewhere else? Why did this happen at the I mean, 113 00:07:24,680 --> 00:07:26,640 Speaker 1: let me ask you this. They're going to pretend now, 114 00:07:26,640 --> 00:07:28,800 Speaker 1: I mean, the regulators and everybody say, oh no, we've 115 00:07:29,600 --> 00:07:33,280 Speaker 1: been able to tie this off. We've been able to 116 00:07:33,320 --> 00:07:36,280 Speaker 1: make it so that this is unlikely or it's you 117 00:07:36,280 --> 00:07:40,400 Speaker 1: shouldn't have any concerns about a domino effect other runs 118 00:07:40,400 --> 00:07:45,200 Speaker 1: on other banks, or even just broader economic implications. They're 119 00:07:45,240 --> 00:07:49,600 Speaker 1: going to tell you that. Meanwhile, you have Bill Ackman, 120 00:07:49,680 --> 00:07:53,760 Speaker 1: one of the most well known hedge fund guys, is 121 00:07:53,800 --> 00:07:57,320 Speaker 1: a multi multi billionaire. He's a hedge fund guy who 122 00:07:57,600 --> 00:08:01,440 Speaker 1: just shared this in the last twenty four hours. The 123 00:08:01,600 --> 00:08:06,840 Speaker 1: failure of SVB financial could destroy an important long time 124 00:08:06,920 --> 00:08:11,880 Speaker 1: driver of the economy as VC venture capital backed companies 125 00:08:12,120 --> 00:08:16,200 Speaker 1: relying on SVB for loans and holding their operating cash. 126 00:08:16,240 --> 00:08:20,400 Speaker 1: If private capital can't provide a solution, a highly dilutive 127 00:08:20,680 --> 00:08:26,720 Speaker 1: government preferred bailout should be considered. We have had a 128 00:08:26,760 --> 00:08:31,200 Speaker 1: bank run, a bank failure, and now people who know 129 00:08:31,280 --> 00:08:34,280 Speaker 1: what time it is are already saying, maybe we should 130 00:08:34,280 --> 00:08:43,360 Speaker 1: have a bank bailout by the government. Now, look, we'll 131 00:08:43,400 --> 00:08:48,320 Speaker 1: see where all of this goes. We'll see if this 132 00:08:48,440 --> 00:08:52,200 Speaker 1: is just the one off. But I would approach it 133 00:08:52,240 --> 00:08:54,800 Speaker 1: this way. I don't. I'm not a VC guy. I 134 00:08:54,880 --> 00:08:57,640 Speaker 1: have friends who are venture capitalists and people that work 135 00:08:57,640 --> 00:09:01,040 Speaker 1: at investment banks, and so I have actions into that world, 136 00:09:01,080 --> 00:09:04,640 Speaker 1: but I am not of that of that world in 137 00:09:04,640 --> 00:09:09,200 Speaker 1: my background. I would say, though, was anyone talking about 138 00:09:09,240 --> 00:09:11,520 Speaker 1: the possible failure of a two hundred billion dollar bank 139 00:09:11,520 --> 00:09:14,960 Speaker 1: in the last month? Did you see that anywhere? Did 140 00:09:15,040 --> 00:09:18,960 Speaker 1: anyone was anyone like sounding the alarm bell? Were you 141 00:09:19,040 --> 00:09:21,320 Speaker 1: hearing from people, Hey guys, we gotta watch out this 142 00:09:21,360 --> 00:09:24,679 Speaker 1: one bank out in Santa Clara, California. It's having some 143 00:09:25,480 --> 00:09:27,720 Speaker 1: rough stuff happened on the balance sheet. I'm worried about 144 00:09:27,720 --> 00:09:31,120 Speaker 1: whether it's insolvent. I didn't see it. Now maybe if 145 00:09:31,160 --> 00:09:34,120 Speaker 1: you're really into the financial journalism world, and there are 146 00:09:34,120 --> 00:09:36,960 Speaker 1: probably some, but I just mean the American people overall. 147 00:09:37,040 --> 00:09:40,520 Speaker 1: Were you hearing about this before last twenty four hours? 148 00:09:40,679 --> 00:09:44,240 Speaker 1: Was anybody talking about it? That makes you think, if 149 00:09:44,280 --> 00:09:48,360 Speaker 1: this could happen at this level, this rapidly, what other 150 00:09:48,520 --> 00:09:51,920 Speaker 1: holes are in the economy right now that are just 151 00:09:52,200 --> 00:09:56,280 Speaker 1: waiting to be exposed? And then all of us have 152 00:09:56,360 --> 00:10:00,400 Speaker 1: to deal with the ramifications and the damage. We're over 153 00:10:00,480 --> 00:10:05,600 Speaker 1: thirty trillion dollars in debt, as you know, there's a 154 00:10:05,640 --> 00:10:09,520 Speaker 1: whole lot of reason to believe that we haven't really 155 00:10:09,559 --> 00:10:13,400 Speaker 1: paid the full price of the lockdown, the trillions of 156 00:10:13,440 --> 00:10:19,480 Speaker 1: dollars of spending, and all of the economic alchemy that 157 00:10:19,559 --> 00:10:21,640 Speaker 1: has gone on to try to pretend that people can 158 00:10:21,679 --> 00:10:23,760 Speaker 1: stay home and get checks and there's no big deal, 159 00:10:25,280 --> 00:10:29,720 Speaker 1: and these things all seem, you know, the truth about bankruptcy. 160 00:10:29,800 --> 00:10:33,199 Speaker 1: The old joke about bankruptcy that it happens slowly then 161 00:10:33,240 --> 00:10:38,760 Speaker 1: suddenly is also true of major recessions. You know, everyone 162 00:10:38,760 --> 00:10:41,440 Speaker 1: sees it clearly in retrospect when it's obvious and it 163 00:10:41,480 --> 00:10:44,640 Speaker 1: has happened but when it actually becomes obvious that it 164 00:10:44,679 --> 00:10:47,800 Speaker 1: has happened, it feels like it is quite sudden. It 165 00:10:47,840 --> 00:10:50,839 Speaker 1: feels like, oh my gosh, look would just hit us. 166 00:10:51,880 --> 00:10:55,080 Speaker 1: And there's usually, you know, a first strike, and then 167 00:10:55,120 --> 00:10:58,520 Speaker 1: there's a second wave of something that comes. Are they 168 00:10:58,559 --> 00:11:03,960 Speaker 1: able to totally tie this off, limit the damage and 169 00:11:04,760 --> 00:11:10,480 Speaker 1: no greater structural impact on the economy? Maybe? Maybe? Do 170 00:11:10,520 --> 00:11:14,880 Speaker 1: you have faith that the federal government, with Joe Biden 171 00:11:15,080 --> 00:11:18,800 Speaker 1: and god knows who else around him as the stewards 172 00:11:19,000 --> 00:11:22,120 Speaker 1: of the federal agencies like the FDIC that have to 173 00:11:22,360 --> 00:11:24,559 Speaker 1: make decisions here, do you have any faith in their 174 00:11:24,600 --> 00:11:28,680 Speaker 1: ability to navigate us through this. You know, you can't 175 00:11:28,720 --> 00:11:33,600 Speaker 1: tax the bank back into solvency, you can't social justice 176 00:11:33,679 --> 00:11:38,200 Speaker 1: your way to venture capital investment reappearing on the scene. 177 00:11:38,520 --> 00:11:42,160 Speaker 1: You know, they have to make clear eye decisions about 178 00:11:42,200 --> 00:11:45,640 Speaker 1: what's best for the American people in the American economy 179 00:11:46,440 --> 00:11:50,200 Speaker 1: with an understanding of markets and an understanding of the 180 00:11:50,320 --> 00:11:53,559 Speaker 1: history of how these markets have collapsed in the past 181 00:11:53,559 --> 00:11:57,160 Speaker 1: and what's happened, how these industries have gotten crushed before, 182 00:11:57,200 --> 00:12:01,120 Speaker 1: how banks have had runs and failures and collapses. I 183 00:12:01,200 --> 00:12:04,400 Speaker 1: do not think that people in charge right now to 184 00:12:04,400 --> 00:12:07,040 Speaker 1: put it mildly, are up for the task. If there 185 00:12:07,160 --> 00:12:10,520 Speaker 1: is any contagion from this, I think that the media 186 00:12:10,679 --> 00:12:13,680 Speaker 1: will be desperate to lie to you about any second 187 00:12:13,800 --> 00:12:17,040 Speaker 1: order effects of this, because they know that we're already 188 00:12:17,040 --> 00:12:21,480 Speaker 1: effectively in a presidential election cycle, and one thing that 189 00:12:21,480 --> 00:12:25,800 Speaker 1: would truly and clearly doom the Democrats, whether it's Biden 190 00:12:26,040 --> 00:12:31,079 Speaker 1: or Kamala or Newsome or you know, you know, if 191 00:12:31,080 --> 00:12:33,839 Speaker 1: Michelle Obama decided to run, which people I know always 192 00:12:33,880 --> 00:12:37,920 Speaker 1: talk about. Even Michelle Obama as the Democrat nominee isn't 193 00:12:37,960 --> 00:12:42,040 Speaker 1: going to win election if you are in a brutal 194 00:12:42,320 --> 00:12:47,199 Speaker 1: and grinding recession. So they're not going to be honest 195 00:12:47,240 --> 00:12:49,920 Speaker 1: with you about the possibilities here, and they're going to 196 00:12:49,960 --> 00:12:52,120 Speaker 1: do everything they can to say it's no big deal. 197 00:12:52,800 --> 00:12:55,600 Speaker 1: I don't know, but I'm telling you they don't know, 198 00:12:55,840 --> 00:12:57,600 Speaker 1: and they're not going to be honest with you either 199 00:12:57,760 --> 00:13:00,280 Speaker 1: about what could happen here when you had Peter He'll 200 00:13:00,760 --> 00:13:05,679 Speaker 1: telling people what was this just? He was effectively telling 201 00:13:05,720 --> 00:13:10,679 Speaker 1: people to the venture capital fund co founder by Peter Thiel, rather, 202 00:13:10,760 --> 00:13:14,079 Speaker 1: I should say the venture capital fund co founded by him, 203 00:13:14,200 --> 00:13:18,040 Speaker 1: advised companies on Thursday night to pull money from the 204 00:13:18,040 --> 00:13:21,000 Speaker 1: Silicon Valley Bank. So he was saying, get your money 205 00:13:21,000 --> 00:13:23,160 Speaker 1: while you can get it out of there. It's a 206 00:13:23,200 --> 00:13:26,840 Speaker 1: two hundred billion dollar financial institution. We just had the 207 00:13:26,880 --> 00:13:30,000 Speaker 1: Sam Bankman freed fraud of tens of billions of dollars, 208 00:13:30,000 --> 00:13:33,319 Speaker 1: billions of dollars evaporated. How many of these things do 209 00:13:33,360 --> 00:13:36,440 Speaker 1: you think can happen before all of a sudden the 210 00:13:36,559 --> 00:13:39,840 Speaker 1: bill comes due for you and for me and for 211 00:13:39,880 --> 00:13:43,959 Speaker 1: everybody else. I want to switch gears here for a second. 212 00:13:44,000 --> 00:13:46,240 Speaker 1: It's easy to advocate for someone and something when you 213 00:13:46,280 --> 00:13:48,440 Speaker 1: believe in it. And I really believe in the work 214 00:13:48,480 --> 00:13:50,760 Speaker 1: that the Preborn Network of Clinics are doing each and 215 00:13:50,840 --> 00:13:54,199 Speaker 1: every day in their clinics nationwide. In their brief seventeen 216 00:13:54,200 --> 00:13:57,559 Speaker 1: of year history, they've rescued over two hundred thousand babies. 217 00:13:58,200 --> 00:14:00,480 Speaker 1: These are children living and breathing and going through school 218 00:14:00,520 --> 00:14:04,040 Speaker 1: today because their mom's got the love and support they 219 00:14:04,120 --> 00:14:06,880 Speaker 1: needed when they needed it. The majority of the women 220 00:14:06,880 --> 00:14:10,000 Speaker 1: who come to these preborn clinics are being pressured, they're 221 00:14:10,080 --> 00:14:15,360 Speaker 1: feeling despair to abort their unborn child. Preborn seeks these 222 00:14:15,360 --> 00:14:17,680 Speaker 1: women out before they make that choice that can never 223 00:14:17,760 --> 00:14:21,040 Speaker 1: be taken back. And introduces them to the life growing 224 00:14:21,080 --> 00:14:24,400 Speaker 1: inside of them through a free ultrasound thanks to donations 225 00:14:24,440 --> 00:14:27,400 Speaker 1: from you and me. Once a mom hears that heartbeat, 226 00:14:27,720 --> 00:14:30,840 Speaker 1: sees that precious life inside her, a majority of the 227 00:14:30,880 --> 00:14:34,680 Speaker 1: time she does choose life for that baby. Twenty eight dollars. 228 00:14:34,920 --> 00:14:38,560 Speaker 1: That's all an ultrasound costs. Twenty eight dollars. One hundred 229 00:14:38,600 --> 00:14:42,640 Speaker 1: and forty dollars would provide five ultrasounds. Do you have 230 00:14:42,720 --> 00:14:47,040 Speaker 1: five ultrasounds worth of donation in you today? You could 231 00:14:47,040 --> 00:14:49,760 Speaker 1: say five babies lives or twenty eight dollars or ten 232 00:14:49,800 --> 00:14:53,440 Speaker 1: dollars or a thousand dollars. Whatever you can donate. It 233 00:14:53,600 --> 00:14:57,240 Speaker 1: is tax deductible and all of it goes toward this 234 00:14:57,360 --> 00:15:01,840 Speaker 1: mission of saving babies lives. Dial pound two five zero 235 00:15:01,960 --> 00:15:06,320 Speaker 1: say the keyword baby. That's pound two five zero say baby. 236 00:15:06,800 --> 00:15:10,720 Speaker 1: Or visit Preborn's website preborn dot com slash buck. You 237 00:15:10,760 --> 00:15:14,360 Speaker 1: can donate there. It's very easy. Preborn dot com slash 238 00:15:14,520 --> 00:15:19,640 Speaker 1: b u c K sponsored by Preborn. Truth after Truth. 239 00:15:19,960 --> 00:15:23,680 Speaker 1: You can handle the truth. Clay Travis and Buck Sexton. 240 00:15:23,840 --> 00:15:26,320 Speaker 1: Welcome back to Clay an Buck. This is Buck and 241 00:15:26,520 --> 00:15:28,720 Speaker 1: I've wanted to tell you a little more about this 242 00:15:29,120 --> 00:15:32,160 Speaker 1: bank failure, because that's what it is. I'll run on 243 00:15:32,200 --> 00:15:34,320 Speaker 1: a bank in a bank failure. Two hundred plus billion 244 00:15:34,360 --> 00:15:39,000 Speaker 1: dollars of assets for Silicon Valley Bank SVB. This is 245 00:15:39,000 --> 00:15:43,360 Speaker 1: a thread from Brad Hargreaves on Twitter, and here's what 246 00:15:43,400 --> 00:15:45,040 Speaker 1: he's saying about this. A lot of people that are 247 00:15:45,080 --> 00:15:49,440 Speaker 1: following Silicon Valley and the tech space closely are saying, guys, 248 00:15:50,000 --> 00:15:52,920 Speaker 1: this is bad, but this could get really bad, as 249 00:15:52,920 --> 00:15:56,480 Speaker 1: in effects all of us, like the rest of America 250 00:15:56,680 --> 00:16:00,640 Speaker 1: bad depending on how this goes, He writes, the SVB 251 00:16:00,800 --> 00:16:04,680 Speaker 1: closure and receivership is going to have a massive impact 252 00:16:04,720 --> 00:16:08,480 Speaker 1: on the tech ecosystem. SVB was not just a dominant 253 00:16:08,480 --> 00:16:11,120 Speaker 1: player in tech, but was highly integrated in some non 254 00:16:11,120 --> 00:16:14,040 Speaker 1: traditional ways. A few things we will see in the 255 00:16:14,040 --> 00:16:17,840 Speaker 1: coming days and weeks. One, So, the con Valley Bank 256 00:16:17,960 --> 00:16:20,920 Speaker 1: was incredibly integrated into the lives of many founders, not 257 00:16:21,000 --> 00:16:24,600 Speaker 1: just their startups, bank and lender, but also provided personal 258 00:16:24,600 --> 00:16:28,440 Speaker 1: mortgages and other financial services. This is a whole mess 259 00:16:28,720 --> 00:16:32,560 Speaker 1: for the FDIC to unwine. Two. Any uninsured balance at 260 00:16:32,680 --> 00:16:36,040 Speaker 1: SVB above two hundred and fifty k, they're in jeopardy. 261 00:16:36,160 --> 00:16:38,560 Speaker 1: FDIC plans to pay them out as it sells the 262 00:16:38,600 --> 00:16:43,600 Speaker 1: assets of SVB. But lots of startups exclusively banked with 263 00:16:43,800 --> 00:16:48,920 Speaker 1: SVB as this was a covenant of their debt. Brad 264 00:16:48,960 --> 00:16:52,480 Speaker 1: Hargreaves goes on CEOs yesterday faced a hard choice, pull 265 00:16:52,520 --> 00:16:56,080 Speaker 1: your deposits and go into default on your venture debt 266 00:16:56,160 --> 00:16:59,440 Speaker 1: or risk losing everything if the bank failed. Many chose 267 00:16:59,480 --> 00:17:05,320 Speaker 1: to hold as svb's outright failure seemed outlandish. Yeah, and 268 00:17:05,400 --> 00:17:08,119 Speaker 1: it happened. By the way, now they may not be 269 00:17:08,200 --> 00:17:11,600 Speaker 1: able to make payroll next week. Unpaid wages pierced the 270 00:17:11,600 --> 00:17:15,280 Speaker 1: corporate veil, so boards are incredibly sensitive to employing workers. 271 00:17:15,320 --> 00:17:18,800 Speaker 1: They may not be able to pay. Expect mass layoffs 272 00:17:19,119 --> 00:17:23,120 Speaker 1: later today Monday at the latest. And then he says, 273 00:17:23,160 --> 00:17:25,840 Speaker 1: given the weak fundraising environment, a number of startups that 274 00:17:25,880 --> 00:17:32,360 Speaker 1: have been reliant on venture lenders or not aggressively pursuing 275 00:17:32,400 --> 00:17:35,600 Speaker 1: amortization of debt or triggering. Okay, I'm getting into financing 276 00:17:35,640 --> 00:17:41,080 Speaker 1: stuff here, but how will the FDIC handle this mass defaults? 277 00:17:40,840 --> 00:17:45,199 Speaker 1: This is this is a mess, folks. This is a mess, 278 00:17:45,760 --> 00:17:48,720 Speaker 1: A two hundred billion dollar mess that is going to 279 00:17:49,040 --> 00:17:54,960 Speaker 1: dramatically affect the single biggest driver of economic growth as 280 00:17:54,960 --> 00:17:58,800 Speaker 1: a sector the tech industry in this country. It's a 281 00:17:58,840 --> 00:18:02,919 Speaker 1: big deal. It's a big deal. The Tunnel the Towers 282 00:18:02,960 --> 00:18:06,040 Speaker 1: Foundation delivers on its promise to do good and never 283 00:18:06,080 --> 00:18:10,040 Speaker 1: forget the sacrifices America's heroes have made for US. Heroes 284 00:18:10,080 --> 00:18:13,919 Speaker 1: like Air Force Senior Sergeant Major Israel del Toro, Junior. 285 00:18:14,200 --> 00:18:16,280 Speaker 1: He promised his father could take care of his family, 286 00:18:16,320 --> 00:18:17,920 Speaker 1: and he promised his son he'd be home to watch 287 00:18:18,040 --> 00:18:20,840 Speaker 1: him grow up. When his humby exploded in Afghanistan, he 288 00:18:20,840 --> 00:18:23,199 Speaker 1: suffered severe burns over more than eighty percent of his 289 00:18:23,240 --> 00:18:26,760 Speaker 1: body from only a fifteen percent chance of survival, Del 290 00:18:26,840 --> 00:18:30,000 Speaker 1: Toro focus on the promises he made. Later, he became 291 00:18:30,000 --> 00:18:33,520 Speaker 1: the first fully disabled airmen permitted to re enlist and 292 00:18:33,600 --> 00:18:36,280 Speaker 1: a Gold Metal Metal winner in the Invictus Games. Now 293 00:18:36,280 --> 00:18:38,960 Speaker 1: he shares his story to health others. Thanks to the 294 00:18:38,960 --> 00:18:42,040 Speaker 1: Tunnel of the Towers Foundation and your generosity, Del Toro 295 00:18:42,160 --> 00:18:44,919 Speaker 1: received a mortgage free smart home. The home has a 296 00:18:44,960 --> 00:18:47,760 Speaker 1: myriad of features to help him live his life more independently. 297 00:18:48,200 --> 00:18:51,000 Speaker 1: Help heroes like del Toro when they need it most, 298 00:18:51,320 --> 00:18:53,480 Speaker 1: join us. Clay and I both donate every month The 299 00:18:53,520 --> 00:18:57,280 Speaker 1: Tunnel the Towers at t twot dot org. That's t 300 00:18:57,520 --> 00:19:00,560 Speaker 1: the number two t dot org tunnel, The Tower Foundation 301 00:19:00,680 --> 00:19:05,040 Speaker 1: t twot dot org. Welcome to everybody, Friday edition of 302 00:19:05,119 --> 00:19:09,200 Speaker 1: the Clay Travis and Buck Sexton Show. Our man Clay 303 00:19:09,440 --> 00:19:12,080 Speaker 1: is on a lovely vacation in Italy with the family, 304 00:19:12,160 --> 00:19:16,040 Speaker 1: which means that you are rocking out with me Buck 305 00:19:16,200 --> 00:19:20,119 Speaker 1: for the next week or so. I'm very excited to 306 00:19:20,119 --> 00:19:22,240 Speaker 1: get to hang with all of you. We will keep 307 00:19:22,320 --> 00:19:27,679 Speaker 1: this unsinkable aircraft carrier of free speech on target and 308 00:19:27,840 --> 00:19:32,040 Speaker 1: moving along. So got much to discuss today. It is Friday. 309 00:19:32,480 --> 00:19:34,760 Speaker 1: It's I'd very much like to hear from many of 310 00:19:34,760 --> 00:19:36,960 Speaker 1: you across the country. Eight hundred two eight two to 311 00:19:37,280 --> 00:19:40,719 Speaker 1: eight eight two. You know that phone number. Give us 312 00:19:40,720 --> 00:19:42,800 Speaker 1: a ring. We've got a lot of things. It's Friday, 313 00:19:42,840 --> 00:19:46,439 Speaker 1: so open to whatever you think is really important. To 314 00:19:46,560 --> 00:19:51,160 Speaker 1: give you a little menu of where we're going here. Obviously, 315 00:19:51,680 --> 00:19:56,399 Speaker 1: more on the Biden budget and twenty twenty four, because 316 00:19:56,400 --> 00:20:01,720 Speaker 1: that's what the Biden budget really has implications. We've got, 317 00:20:02,160 --> 00:20:05,880 Speaker 1: oh my so much. Ron de Santis with his Freedom 318 00:20:05,880 --> 00:20:12,320 Speaker 1: Blueprint tour in Iowa. Hey, I'm in Iowa. Anybody have 319 00:20:12,359 --> 00:20:16,000 Speaker 1: any ideas why maybe that's going on? Interesting state to 320 00:20:16,119 --> 00:20:19,440 Speaker 1: make sure that he puts on the calendar here. He's 321 00:20:19,520 --> 00:20:23,560 Speaker 1: there today. We'll discuss that. Like I said, the Biden 322 00:20:23,680 --> 00:20:27,000 Speaker 1: budget and what that means for twenty twenty four, where 323 00:20:27,040 --> 00:20:29,840 Speaker 1: the economy is right now, where it's poised to go, 324 00:20:30,080 --> 00:20:34,840 Speaker 1: that's certainly important. The Gulf Cartel in Mexico, the vicious, 325 00:20:35,320 --> 00:20:39,800 Speaker 1: brutal golf cartel, one of the most powerful cartels there, 326 00:20:39,840 --> 00:20:47,159 Speaker 1: has apologized publicly in a note for seizing four Americans, 327 00:20:47,280 --> 00:20:50,120 Speaker 1: killing two of them in what we're told is crossfire. 328 00:20:50,119 --> 00:20:52,760 Speaker 1: I'll have more for you on the situation at our 329 00:20:52,800 --> 00:20:57,359 Speaker 1: southern border. Glenny Yanken, the governor of Virginia. He was 330 00:20:57,600 --> 00:21:02,159 Speaker 1: at a CNN town hall night and it was a 331 00:21:02,200 --> 00:21:04,800 Speaker 1: mixed bag, I think you could say for young Kin. 332 00:21:05,320 --> 00:21:08,800 Speaker 1: And then it'll also make some sense of what's going 333 00:21:08,880 --> 00:21:12,919 Speaker 1: on here with the Manhattan District Attorney. You may have 334 00:21:13,040 --> 00:21:18,680 Speaker 1: seen the headlines Indictment is imminent against Trump, criminal indictment 335 00:21:18,720 --> 00:21:22,160 Speaker 1: against Trump, and I understand that we are all at 336 00:21:22,200 --> 00:21:28,120 Speaker 1: this point in time absolutely exhausted with their lunacy, the 337 00:21:28,119 --> 00:21:32,160 Speaker 1: maniacal way that they still focus on a criminal indictment 338 00:21:32,160 --> 00:21:37,040 Speaker 1: of Donald Trump, as though that's going to do anything 339 00:21:37,440 --> 00:21:42,200 Speaker 1: for them. Really that's going to save the country. This indictment, 340 00:21:42,240 --> 00:21:45,160 Speaker 1: if it were to come, is preposterous and I don't 341 00:21:45,160 --> 00:21:47,840 Speaker 1: think it is going to happen. And it is in 342 00:21:47,960 --> 00:21:51,800 Speaker 1: abuse one of the most egregious abuses of the law 343 00:21:51,840 --> 00:21:54,040 Speaker 1: we have seen against Donald Trump that it is even 344 00:21:54,119 --> 00:22:00,000 Speaker 1: being considered. So we will discuss that that as well. 345 00:22:00,160 --> 00:22:02,240 Speaker 1: So we got we got Biden to Biden budget, we 346 00:22:02,280 --> 00:22:05,400 Speaker 1: got De Santis. Oh, and also the reports out there 347 00:22:05,480 --> 00:22:09,520 Speaker 1: that DeSantis is privately telling people that he will run 348 00:22:09,600 --> 00:22:14,520 Speaker 1: for president. The Washington Post with the hot off the 349 00:22:14,600 --> 00:22:17,840 Speaker 1: presses revelation that it is likely that Ron de Santis 350 00:22:17,880 --> 00:22:21,680 Speaker 1: is going to announce for president in May. I told 351 00:22:21,680 --> 00:22:24,800 Speaker 1: you all this. I saw Ron recently, and I saw 352 00:22:24,920 --> 00:22:28,800 Speaker 1: Ron back in June in person, talked a bit, and 353 00:22:29,640 --> 00:22:33,160 Speaker 1: he has lost at least twenty pounds. Now I understand 354 00:22:33,440 --> 00:22:35,800 Speaker 1: health and fitness. It's great at any any point in 355 00:22:35,840 --> 00:22:39,359 Speaker 1: your life. Right. I'm thinking about dropping some LB's myself 356 00:22:39,400 --> 00:22:44,440 Speaker 1: these days. But you lose that kind of weight that fast. 357 00:22:45,080 --> 00:22:48,040 Speaker 1: He's running for president, folks, we all know it. And 358 00:22:48,200 --> 00:22:51,399 Speaker 1: it's going to be a very interesting to put it, 359 00:22:51,480 --> 00:22:54,320 Speaker 1: mildly primary, I think at this point. But let's just 360 00:22:54,440 --> 00:22:57,520 Speaker 1: focus in for a second before I get more into that. 361 00:22:57,680 --> 00:22:59,719 Speaker 1: And I'm very curious to hear where all of you 362 00:22:59,800 --> 00:23:02,879 Speaker 1: are are on this. It's so tough to get a 363 00:23:02,920 --> 00:23:07,679 Speaker 1: real sense of how the true Republican base, which is 364 00:23:07,880 --> 00:23:12,960 Speaker 1: the audience of this show, for example, the true Republican base, 365 00:23:13,480 --> 00:23:18,040 Speaker 1: true conservatives from the grassroots up all across the country, 366 00:23:18,320 --> 00:23:20,840 Speaker 1: how they're feeling at this stage about the primary. I'm 367 00:23:20,880 --> 00:23:23,359 Speaker 1: seeing a lot of people. I'm wondering how many of 368 00:23:23,359 --> 00:23:26,159 Speaker 1: you share this sentiment. A lot of people feel like, 369 00:23:27,040 --> 00:23:29,680 Speaker 1: let's let it happen, Let's just see where it goes. 370 00:23:29,920 --> 00:23:33,919 Speaker 1: Why have a position right now? We have primaries for 371 00:23:33,960 --> 00:23:36,240 Speaker 1: a reason. We have a process so that people can 372 00:23:36,400 --> 00:23:41,520 Speaker 1: see the new positions, can actually watch these candidates in action, 373 00:23:42,119 --> 00:23:46,920 Speaker 1: and can make considered determinations about which Republican contender to 374 00:23:47,040 --> 00:23:50,080 Speaker 1: cast their vote for when the time comes. I gotta 375 00:23:50,119 --> 00:23:53,200 Speaker 1: say that that's all seems very sensible to me. This 376 00:23:53,280 --> 00:23:57,439 Speaker 1: is why we have primaries and not coronations, and I 377 00:23:57,480 --> 00:23:59,720 Speaker 1: think that that's something that a lot of you will 378 00:24:00,359 --> 00:24:03,280 Speaker 1: How many of you feel that way? You can always also, 379 00:24:03,320 --> 00:24:05,600 Speaker 1: by the way, send us emails at clanbuck dot com. 380 00:24:05,640 --> 00:24:09,119 Speaker 1: Become a VIP subscriber goes right to our producers on 381 00:24:09,160 --> 00:24:11,520 Speaker 1: the team and they follow him right to us and 382 00:24:11,640 --> 00:24:13,400 Speaker 1: we get to see what your thoughts are, all right, 383 00:24:13,400 --> 00:24:20,560 Speaker 1: Biden here on the budget, he is gearing up for 384 00:24:20,840 --> 00:24:24,800 Speaker 1: right now the political fight that looms over the debt ceiling, 385 00:24:25,040 --> 00:24:27,080 Speaker 1: because that's going to happen. Just to give you some 386 00:24:27,160 --> 00:24:31,000 Speaker 1: things that are in the Biden budget and and understand 387 00:24:31,040 --> 00:24:35,520 Speaker 1: that this is a mission statement of priorities that is 388 00:24:35,640 --> 00:24:42,000 Speaker 1: essentially the baseline for his twenty twenty four reelection or 389 00:24:42,040 --> 00:24:45,520 Speaker 1: this is this is the foundation of what he's going 390 00:24:45,600 --> 00:24:48,280 Speaker 1: to be telling everybody he's going to do in twenty 391 00:24:48,320 --> 00:24:51,800 Speaker 1: twenty four. The Biden budgets that has just been put 392 00:24:51,800 --> 00:24:54,800 Speaker 1: out there, it is a six point eight nine trillion 393 00:24:54,840 --> 00:24:58,800 Speaker 1: dollar proposal, and Biden wants Wall Street Journal with some 394 00:24:58,800 --> 00:25:03,240 Speaker 1: great analysis on this four point seven trillion dollars more 395 00:25:03,320 --> 00:25:07,600 Speaker 1: of your money, and the federal debt over the course 396 00:25:07,640 --> 00:25:10,240 Speaker 1: of the next decade, according to the Journal here, would 397 00:25:10,240 --> 00:25:15,520 Speaker 1: grow by seventeen trillion. How is that? How is that possible? 398 00:25:16,400 --> 00:25:18,920 Speaker 1: There's a new wealth tax in there by the way, 399 00:25:18,920 --> 00:25:20,720 Speaker 1: you know it's possible because what a Democrats want to 400 00:25:20,720 --> 00:25:22,280 Speaker 1: do take more of your money and spend it on 401 00:25:22,320 --> 00:25:26,280 Speaker 1: stuff that they think is really important, like climate change. 402 00:25:26,840 --> 00:25:31,919 Speaker 1: Climate change so scary. I wish that we could at 403 00:25:32,000 --> 00:25:36,560 Speaker 1: least bring Democrats back to a place of enough sanity 404 00:25:37,200 --> 00:25:39,760 Speaker 1: where we could we could focus on how to address 405 00:25:39,840 --> 00:25:43,440 Speaker 1: things that we both agree are important instead of things 406 00:25:43,440 --> 00:25:48,720 Speaker 1: that are imaginary. I mean, the Democrats are tilting at windmills, 407 00:25:48,840 --> 00:25:52,320 Speaker 1: or rather building them as fast as they can out 408 00:25:52,320 --> 00:25:54,320 Speaker 1: in the ocean. You know, they've got these wind turbines 409 00:25:55,040 --> 00:25:59,080 Speaker 1: apparently causing possibly, I should say possibly causing some problems 410 00:25:59,080 --> 00:26:00,840 Speaker 1: for whales, which I didn't realized was a thing that 411 00:26:00,840 --> 00:26:04,720 Speaker 1: could happen, but certainly causing a lot of problems for birds. 412 00:26:04,800 --> 00:26:07,480 Speaker 1: I have said before that these wind turbines they build 413 00:26:07,560 --> 00:26:13,320 Speaker 1: are sadly queens and arts for migratory foul. They kill 414 00:26:13,359 --> 00:26:17,920 Speaker 1: a lot of birds, and they are highly inefficient as 415 00:26:17,920 --> 00:26:20,399 Speaker 1: a means of trying to produce the energy. We need 416 00:26:20,440 --> 00:26:22,840 Speaker 1: to get our economy, to keep our economy going at 417 00:26:22,840 --> 00:26:25,760 Speaker 1: the rate it currently is. Never mind, you grow the economy, 418 00:26:25,800 --> 00:26:28,640 Speaker 1: which we should do with an all of the above approach. 419 00:26:28,960 --> 00:26:31,080 Speaker 1: And this is so obvious, this is so clear, and 420 00:26:31,280 --> 00:26:34,639 Speaker 1: all of the above approach that relies on, yes, a 421 00:26:34,640 --> 00:26:38,520 Speaker 1: lot of fossil fuel, natural gas, and nuclear as well. 422 00:26:38,840 --> 00:26:41,359 Speaker 1: But conversation we can get into in more depth than 423 00:26:41,359 --> 00:26:45,960 Speaker 1: another time. Here is President Biden on the looming debt 424 00:26:46,040 --> 00:26:48,960 Speaker 1: ceiling fight. He wants you to know the only problem 425 00:26:48,960 --> 00:26:51,639 Speaker 1: with the economy, it's not the trillions of dollars that 426 00:26:51,680 --> 00:26:57,199 Speaker 1: have been spent unnecessarily. It's not the decrease in the 427 00:26:57,240 --> 00:27:01,600 Speaker 1: ability to produce energy. It's not the you know, the 428 00:27:01,720 --> 00:27:06,120 Speaker 1: the problems of regulation the Biden administration has made much worse. 429 00:27:06,200 --> 00:27:10,600 Speaker 1: It's none of that. No, it is Maga Republicans who 430 00:27:10,640 --> 00:27:13,560 Speaker 1: are the real issue for the economy. Plate twelve. The 431 00:27:13,640 --> 00:27:17,040 Speaker 1: biggest threat to our recovery is the reckless talk. Reckless 432 00:27:17,040 --> 00:27:20,400 Speaker 1: talk my maga friends. This night years I heard me say, 433 00:27:20,400 --> 00:27:23,040 Speaker 1: it's not your father's Republican Party, but the Republicans in 434 00:27:23,080 --> 00:27:26,320 Speaker 1: the United States Congress. They were wait, what they want 435 00:27:26,359 --> 00:27:28,840 Speaker 1: to do with regard to the dead Limen. You know, 436 00:27:28,880 --> 00:27:31,760 Speaker 1: they're threatening to fall on our national dead. In fact, 437 00:27:31,840 --> 00:27:34,320 Speaker 1: planning to fall as some Republicans seem to be doing, 438 00:27:34,440 --> 00:27:37,160 Speaker 1: puts us very much at risk. I believe we should 439 00:27:37,200 --> 00:27:40,240 Speaker 1: be building on our progress, non go backwards. So I 440 00:27:40,400 --> 00:27:43,639 Speaker 1: urged our extreme maga Republican friends in the Congress to 441 00:27:43,720 --> 00:27:46,880 Speaker 1: put their threats aside, join me in continuing the progress 442 00:27:46,880 --> 00:27:55,240 Speaker 1: we built. Yeah, I enjoying a well maga Republican basically 443 00:27:55,359 --> 00:27:58,840 Speaker 1: go along with my Bernie Sanders spending plan that has 444 00:27:58,880 --> 00:28:02,560 Speaker 1: soaked the rich provisions that has a wealth tax. I 445 00:28:02,600 --> 00:28:05,640 Speaker 1: don't even talk about this part of it yet. There 446 00:28:05,880 --> 00:28:09,800 Speaker 1: is a twenty five percent minimum tax on the full 447 00:28:09,840 --> 00:28:12,800 Speaker 1: income of Americans with more than one hundred million dollars 448 00:28:12,800 --> 00:28:16,199 Speaker 1: in wealth. So that means taxing assets that have not 449 00:28:16,280 --> 00:28:19,920 Speaker 1: even been realized. So if you build a very successful company, 450 00:28:20,320 --> 00:28:23,000 Speaker 1: for example, that's worth hundreds of millions of dollars, you 451 00:28:23,040 --> 00:28:25,040 Speaker 1: were going to be taxed at a minimum twenty five 452 00:28:25,119 --> 00:28:28,439 Speaker 1: percent level above one hundred million in assets. That maybe 453 00:28:28,440 --> 00:28:30,760 Speaker 1: sounds like, oh, not that big a deal, as people 454 00:28:30,800 --> 00:28:33,439 Speaker 1: have so much money, except how do they get the 455 00:28:33,520 --> 00:28:34,879 Speaker 1: money to pay for that? They're going to have to 456 00:28:34,920 --> 00:28:37,720 Speaker 1: sell stock. That's going to affect the company's growth, that's 457 00:28:37,720 --> 00:28:41,959 Speaker 1: going to affect jobs, that's going to affect investment. And remember, ultimately, 458 00:28:42,080 --> 00:28:46,120 Speaker 1: you have people like Biden and the social justice warriors 459 00:28:46,120 --> 00:28:50,600 Speaker 1: around him, who are economic illiterates who are pushing this stuff. 460 00:28:51,080 --> 00:28:54,640 Speaker 1: Wouldn't know the first thing about building a successful company. 461 00:28:54,880 --> 00:29:01,800 Speaker 1: All they know is identity, politics, victimization, and Marxism. Basically, 462 00:29:02,600 --> 00:29:05,880 Speaker 1: that's really how they approach economics. Have to find the 463 00:29:05,960 --> 00:29:09,840 Speaker 1: people who have oppressed others in the system, find people 464 00:29:09,880 --> 00:29:12,840 Speaker 1: who have exploited others in the system. Take more of 465 00:29:12,880 --> 00:29:17,160 Speaker 1: their stuff, and that will make everybody just great. Everything 466 00:29:17,200 --> 00:29:21,040 Speaker 1: will be fine. That'll pay for everything. This is a fallacy, 467 00:29:21,120 --> 00:29:24,240 Speaker 1: it's actually a lunacy. But this is where the Democrats 468 00:29:24,280 --> 00:29:28,640 Speaker 1: come from on this stuff. He also this was remarkable. 469 00:29:28,640 --> 00:29:35,520 Speaker 1: This is just yesterday the crime issue. Democrats escaped by 470 00:29:35,600 --> 00:29:38,920 Speaker 1: the skin of their teeth. They escaped on the crime 471 00:29:38,960 --> 00:29:42,760 Speaker 1: issue in twenty twenty two. Because of the focus in 472 00:29:42,920 --> 00:29:46,640 Speaker 1: key races on the twenty twenty election. The data speaks 473 00:29:46,640 --> 00:29:49,920 Speaker 1: clearly on this, meaning the votes that were cast by 474 00:29:49,960 --> 00:29:54,480 Speaker 1: people we needed to cast for Republicans and in some 475 00:29:54,560 --> 00:29:57,680 Speaker 1: places in some ways on the issue of abortion, although 476 00:29:57,680 --> 00:30:00,880 Speaker 1: that is much that is complicated. There are places like 477 00:30:00,920 --> 00:30:08,280 Speaker 1: Texas and Ohio where extremely strong life protecting candidates Jade Vans, 478 00:30:08,360 --> 00:30:13,000 Speaker 1: for example, Governor of Texas Abbot did quite well in 479 00:30:13,040 --> 00:30:15,720 Speaker 1: the election. So it's not it's not an everywhere thing, 480 00:30:16,000 --> 00:30:20,240 Speaker 1: but there were issues that distracted from defund the police 481 00:30:20,240 --> 00:30:25,640 Speaker 1: and the Democrats madness on criminal justice issues. Notice, though 482 00:30:25,720 --> 00:30:28,120 Speaker 1: I've been telling you this, and I want everyone to 483 00:30:28,240 --> 00:30:32,120 Speaker 1: understand what we are facing. You're not facing Biden in 484 00:30:32,160 --> 00:30:36,240 Speaker 1: twenty twenty four, based on how he's governed. You are 485 00:30:36,280 --> 00:30:39,800 Speaker 1: not facing the Biden agenda. We are going to be 486 00:30:39,880 --> 00:30:45,200 Speaker 1: facing a facade. We're gonna be facing a construct of 487 00:30:45,560 --> 00:30:48,000 Speaker 1: you know, Joe Biden, you dont wants people in the middle. 488 00:30:48,080 --> 00:30:51,120 Speaker 1: You're not a joke wants he wants friends. You know, 489 00:30:51,280 --> 00:30:55,040 Speaker 1: come together, man, you know it's gonna like we're gonna 490 00:30:55,120 --> 00:30:58,200 Speaker 1: just tax the rich people. I think he actually did 491 00:30:58,240 --> 00:31:04,280 Speaker 1: some creepy whispering, but here he is saying that it 492 00:31:04,400 --> 00:31:11,040 Speaker 1: is Republicans, Republicans who want to defund police play thirteen Maigar. 493 00:31:11,120 --> 00:31:15,840 Speaker 1: Republicans are calling for defunding the police departments and defunding 494 00:31:15,880 --> 00:31:18,920 Speaker 1: the FBI. Now that's a good one. I like that one. Well, 495 00:31:18,960 --> 00:31:21,920 Speaker 1: guess what, and I refuse to provide funding is going 496 00:31:21,960 --> 00:31:27,480 Speaker 1: to keep communities safe and secure? We talk about about crime, Well, 497 00:31:27,480 --> 00:31:31,120 Speaker 1: it's outright, my budget invest in public safety and includes 498 00:31:31,200 --> 00:31:36,240 Speaker 1: funding for more training, more support for law enforcement. At 499 00:31:36,240 --> 00:31:41,640 Speaker 1: a time, and they're expect to pay play many roles. Ah, 500 00:31:41,680 --> 00:31:44,680 Speaker 1: So Biden is the law and order candidate. Now you 501 00:31:44,680 --> 00:31:47,840 Speaker 1: see how they've done that. You see what's gone on 502 00:31:47,960 --> 00:31:50,840 Speaker 1: here because they know that they're not going to get 503 00:31:50,920 --> 00:31:53,720 Speaker 1: lucky a second time in twenty twenty four. And they 504 00:31:53,800 --> 00:31:58,560 Speaker 1: have lunatic prosecutors, these progressive sorrows back prosecutors in major 505 00:31:58,600 --> 00:32:03,320 Speaker 1: cities across the country. They have Democrat mayors who are 506 00:32:03,360 --> 00:32:07,800 Speaker 1: a combination of wrong in their beliefs about criminal justice 507 00:32:08,120 --> 00:32:12,080 Speaker 1: and also incompetent, so even if they have the right ideas, 508 00:32:12,120 --> 00:32:14,720 Speaker 1: they don't know how to enact them so that people 509 00:32:14,760 --> 00:32:19,120 Speaker 1: are safer and businesses can stay open without being constantly 510 00:32:19,200 --> 00:32:23,760 Speaker 1: looted in slow motion through or sometimes in a flashmob, 511 00:32:24,040 --> 00:32:28,920 Speaker 1: but slow motion through the constant theft going on, the 512 00:32:29,680 --> 00:32:35,400 Speaker 1: organized retail theft, the systematic shoplifting that goes on. People 513 00:32:35,440 --> 00:32:38,600 Speaker 1: are effectively paying their bills by shoplifting from places like 514 00:32:38,680 --> 00:32:42,240 Speaker 1: you know, Walgreens, CBS. Let's go in there, see a 515 00:32:42,280 --> 00:32:44,400 Speaker 1: couple hundred dollars worth of stuff. That's it. Why work 516 00:32:44,920 --> 00:32:47,760 Speaker 1: when you can go into a CBS in San Francisco 517 00:32:48,440 --> 00:32:53,160 Speaker 1: steal eight hundred dollars of stuff and as a function 518 00:32:53,680 --> 00:32:59,560 Speaker 1: of prosecutorial discretion, not even be arrested. A lot of 519 00:32:59,560 --> 00:33:01,800 Speaker 1: people check that off. Let's say this is a big company, Oh, 520 00:33:01,840 --> 00:33:05,760 Speaker 1: I can steal without consequence. A lot of criminals see 521 00:33:05,760 --> 00:33:08,720 Speaker 1: this as no issue. But look at what Biden is doing. 522 00:33:09,320 --> 00:33:12,640 Speaker 1: They're already laying the groundwork. They're going to lie to 523 00:33:12,680 --> 00:33:16,600 Speaker 1: you about everything. Now, for you and me, it's not 524 00:33:16,640 --> 00:33:18,960 Speaker 1: going to work. And we're going to point out what 525 00:33:19,040 --> 00:33:20,440 Speaker 1: a bunch of lies it is. And we're going to 526 00:33:20,520 --> 00:33:24,480 Speaker 1: point out how absurd this is that they're pretending Biden 527 00:33:24,640 --> 00:33:27,760 Speaker 1: is something he's not in order to get him elected. 528 00:33:28,360 --> 00:33:33,920 Speaker 1: Doesn't that sound really familiar to you? Wasn't Biden elected? 529 00:33:34,040 --> 00:33:38,480 Speaker 1: Correct me if I'm wrong. Wasn't Biden elected to unite 530 00:33:38,560 --> 00:33:43,480 Speaker 1: the country, to cool down the political passions, to bring 531 00:33:43,560 --> 00:33:46,400 Speaker 1: us to get all this stuff now again? You and 532 00:33:46,480 --> 00:33:51,640 Speaker 1: I knew that was preposterous. Biden's actually a jerk. He's 533 00:33:51,720 --> 00:33:54,680 Speaker 1: a total phony. He says whatever he has to say. 534 00:33:54,880 --> 00:33:58,840 Speaker 1: He's been giving the same speech based on nothing but 535 00:33:58,920 --> 00:34:06,120 Speaker 1: the most the most clear demagoguery, and yet it worked enough. 536 00:34:06,680 --> 00:34:09,120 Speaker 1: Put aside whatever you think, I know, the pandemic and 537 00:34:09,160 --> 00:34:12,000 Speaker 1: the election processes in twenty twenty, the guy's been president 538 00:34:12,040 --> 00:34:14,920 Speaker 1: now for it's going on year three here, so they 539 00:34:15,000 --> 00:34:17,879 Speaker 1: managed to do it. So how do we stop them 540 00:34:17,880 --> 00:34:20,799 Speaker 1: from doing it another time? One thing is we have 541 00:34:20,840 --> 00:34:25,720 Speaker 1: to understand they're going to run a figment of the 542 00:34:25,760 --> 00:34:29,520 Speaker 1: Democrat imagination, as in Joe Biden, a construct. He will 543 00:34:29,560 --> 00:34:31,560 Speaker 1: not be real. He'll be the law and order candidate, 544 00:34:32,120 --> 00:34:35,000 Speaker 1: He'll be to unite the country candidate. They're just trying 545 00:34:35,000 --> 00:34:38,320 Speaker 1: to fool enough people in the middle of the country 546 00:34:38,320 --> 00:34:42,240 Speaker 1: politically that they can get another four years of Bernie Sanders, 547 00:34:42,360 --> 00:34:45,959 Speaker 1: AOC approved left wing policy. This is the game they play. 548 00:34:46,640 --> 00:34:50,000 Speaker 1: They lie at election time and then they govern like Marxists. 549 00:34:50,320 --> 00:34:52,640 Speaker 1: This is what Joe Biden is going to do. Get 550 00:34:52,680 --> 00:34:54,960 Speaker 1: ready for it now. This is not going to be easy. 551 00:34:55,440 --> 00:35:00,800 Speaker 1: This is going to require a massive counterbalance, or massive 552 00:35:00,840 --> 00:35:05,239 Speaker 1: counter effort against the propaganda of the Biden regime. Did 553 00:35:05,280 --> 00:35:07,440 Speaker 1: you know that Pure Talk saves the average person some 554 00:35:07,560 --> 00:35:10,319 Speaker 1: six hundred dollars a year on their cell phone bill. 555 00:35:10,520 --> 00:35:12,439 Speaker 1: These are folks like me who have switched to Pure 556 00:35:12,480 --> 00:35:15,080 Speaker 1: Talk from Verizon AT and T or T Mobile to 557 00:35:15,120 --> 00:35:18,160 Speaker 1: find those savings. Average sized families on a family plant 558 00:35:18,200 --> 00:35:21,600 Speaker 1: are saving even more. I'm talking like nine hundred dollars 559 00:35:21,600 --> 00:35:24,640 Speaker 1: a year. They're still enjoying ultra fast five G service. 560 00:35:24,880 --> 00:35:27,600 Speaker 1: That's because pure Talk uses the same network and same towers. 561 00:35:27,640 --> 00:35:29,279 Speaker 1: Is one of those big companies, but without all the 562 00:35:29,320 --> 00:35:32,759 Speaker 1: expensive overhead. Pure Talk is so sure you're gonna love 563 00:35:32,840 --> 00:35:34,719 Speaker 1: their service. It's all based here in the US. By 564 00:35:34,719 --> 00:35:38,000 Speaker 1: the way, they have a one hundred percent money back guarantee. 565 00:35:38,160 --> 00:35:40,520 Speaker 1: So instead of paying a fortune to Verizon AT and 566 00:35:40,600 --> 00:35:42,879 Speaker 1: T or T Mobile, cut your bill in half with 567 00:35:43,000 --> 00:35:46,160 Speaker 1: pure Talk my cell phone company. Just dial pound two 568 00:35:46,200 --> 00:35:49,480 Speaker 1: five zero, say Clay and Buck. You'll say fifty percent 569 00:35:49,480 --> 00:35:52,479 Speaker 1: off your first month. That's dial pound two five zero, 570 00:35:52,600 --> 00:35:55,760 Speaker 1: say Clay and Buck. Pure Talk is simply smarter wireless 571 00:35:55,760 --> 00:35:59,800 Speaker 1: restrictions apply SE's site for details to supply gene of smart, 572 00:36:00,280 --> 00:36:06,040 Speaker 1: Sanity and truth uninterrupted. Clay Travis and Buck Sexton, Welcome 573 00:36:06,040 --> 00:36:10,400 Speaker 1: back to Clay and Buck. Wondering if if you're worried 574 00:36:10,400 --> 00:36:14,160 Speaker 1: at all about this run on a bank and failure 575 00:36:14,160 --> 00:36:17,399 Speaker 1: of a bank out in Silicon Valley, the Silicon Valley 576 00:36:17,440 --> 00:36:22,279 Speaker 1: Bank SBB, and whether this is a harbinger of things 577 00:36:22,320 --> 00:36:24,520 Speaker 1: to come, or maybe it's just a one off. Maybe 578 00:36:24,560 --> 00:36:29,800 Speaker 1: it's you know, like FTX crypto exchange. You know, something 579 00:36:29,840 --> 00:36:32,600 Speaker 1: that just blew up billions of dollars of lasses. Now 580 00:36:33,000 --> 00:36:36,200 Speaker 1: I don't there's no allegations of any impropriety that I've 581 00:36:36,239 --> 00:36:40,160 Speaker 1: seen so far. So it's different in that regard. Obviously 582 00:36:40,280 --> 00:36:42,759 Speaker 1: major difference, but still a lot of money at stake, 583 00:36:42,800 --> 00:36:44,440 Speaker 1: a lot of people losing a whole lot of money. 584 00:36:44,520 --> 00:36:49,359 Speaker 1: And where does this go? But I had mentioned, oh, 585 00:36:49,400 --> 00:36:51,399 Speaker 1: eight hundred two two two eight two, if you want 586 00:36:51,400 --> 00:36:54,840 Speaker 1: to talk about that, I had mentioned this Glenny junkin 587 00:36:55,760 --> 00:37:00,320 Speaker 1: town hall, and he did a CNN town hall, and 588 00:37:00,400 --> 00:37:07,560 Speaker 1: I don't understand unless he's thinking that he is going 589 00:37:07,640 --> 00:37:11,319 Speaker 1: to win over maybe that's the play, and I get it, 590 00:37:11,800 --> 00:37:15,600 Speaker 1: win over some moderates who watch CNN, although I just 591 00:37:15,680 --> 00:37:19,799 Speaker 1: wonder how many moderates really watch CNN. Now. CNN is 592 00:37:20,800 --> 00:37:24,600 Speaker 1: the commu news network. I mean, it is far left 593 00:37:24,719 --> 00:37:35,120 Speaker 1: in its agenda. It is obviously almost sociopathically anti Republican. 594 00:37:35,200 --> 00:37:38,399 Speaker 1: I mean, they just they just despise the GOP over 595 00:37:38,400 --> 00:37:41,040 Speaker 1: at CNN. They've been trained to do so by the 596 00:37:41,160 --> 00:37:45,120 Speaker 1: Zucker regime under the Trump years. So why give them, 597 00:37:45,719 --> 00:37:48,600 Speaker 1: why give them access? Why actually do this town hall 598 00:37:48,640 --> 00:37:53,080 Speaker 1: with them? It just doesn't doesn't seem like I know 599 00:37:53,200 --> 00:37:55,120 Speaker 1: why he did it. I don't think it's a good 600 00:37:55,160 --> 00:37:57,120 Speaker 1: idea to do it. That's how I should put it. 601 00:37:57,800 --> 00:38:00,960 Speaker 1: I don't think you should do this stuff because CNN. 602 00:38:01,960 --> 00:38:05,160 Speaker 1: CNN is not your friend, you know, and it's not 603 00:38:05,200 --> 00:38:08,120 Speaker 1: your friend. Just if you love America, CNN's not your friend. 604 00:38:08,880 --> 00:38:10,719 Speaker 1: Same way. If the New York Times reached out to 605 00:38:10,760 --> 00:38:12,319 Speaker 1: me and they said, Buck, we would love to do 606 00:38:13,040 --> 00:38:15,120 Speaker 1: a profile on you, you know, a thousand words, I 607 00:38:15,120 --> 00:38:18,279 Speaker 1: would say no, thank you, and probably i'd say more 608 00:38:18,280 --> 00:38:20,000 Speaker 1: than that, but I can't say it on the radio. 609 00:38:20,080 --> 00:38:24,000 Speaker 1: That's it. Want nothing to do with regime media and 610 00:38:24,080 --> 00:38:26,799 Speaker 1: the way that they try to distort and attack and 611 00:38:26,960 --> 00:38:33,480 Speaker 1: undermine all under the guys of journalism. But Junkin was fielding. 612 00:38:33,520 --> 00:38:36,480 Speaker 1: To be fair, it's a town hall, so he's fielding 613 00:38:36,560 --> 00:38:40,680 Speaker 1: questions from parents, teachers, students, and it was mostly about education. 614 00:38:40,760 --> 00:38:44,560 Speaker 1: And education was the issue that more than any other, 615 00:38:45,040 --> 00:38:50,680 Speaker 1: propelled junk into a major victory in Virginia. Remember it 616 00:38:50,719 --> 00:38:54,520 Speaker 1: wasn't just that he won. Virginia also went very red 617 00:38:54,640 --> 00:38:57,920 Speaker 1: in across the board. Right, you have a majority in 618 00:38:57,920 --> 00:39:04,680 Speaker 1: the state legislature. Now you have a Republican Republican mieris 619 00:39:04,760 --> 00:39:10,319 Speaker 1: as the attorney general. You have some really strong new 620 00:39:10,400 --> 00:39:16,160 Speaker 1: geop folks who are now in prominent roles at in Virginia. 621 00:39:16,280 --> 00:39:18,640 Speaker 1: So here here's what I wanted to give you. Is 622 00:39:18,680 --> 00:39:22,480 Speaker 1: the biggest takeaway from this, the most important stuff from 623 00:39:22,480 --> 00:39:27,520 Speaker 1: it all. Juncan was asked because this is a big 624 00:39:27,560 --> 00:39:32,120 Speaker 1: area for for Democrats. Of course, Junk was asked about 625 00:39:32,520 --> 00:39:38,000 Speaker 1: I'm sorry, asked by a transgender man, so a female 626 00:39:38,080 --> 00:39:43,239 Speaker 1: who is now presenting, which they say, um, you know, 627 00:39:43,360 --> 00:39:45,919 Speaker 1: really you could say kind of costuming as a man 628 00:39:47,920 --> 00:39:53,000 Speaker 1: and or you know, putting on the trappings of masculinity 629 00:39:53,880 --> 00:39:59,360 Speaker 1: visibly to some degree. Asked about bathroom usage. And to 630 00:39:59,400 --> 00:40:01,440 Speaker 1: give you a sense of how extreme Democrats have been 631 00:40:01,480 --> 00:40:03,400 Speaker 1: on this for a long time, I like to remind 632 00:40:03,400 --> 00:40:07,560 Speaker 1: people that when there was that North Carolina bathroom bill 633 00:40:07,640 --> 00:40:12,200 Speaker 1: controversy under the Obama administration, the Obama administration threatened to 634 00:40:12,200 --> 00:40:15,800 Speaker 1: cut Department of Education funds to North Carolina and over 635 00:40:16,640 --> 00:40:19,640 Speaker 1: whether transgender females could use the girls bathroom or not. 636 00:40:20,200 --> 00:40:23,080 Speaker 1: I also remind everybody that if you had said ten 637 00:40:23,160 --> 00:40:28,400 Speaker 1: years ago, democrats want thirteen year old transgender men or 638 00:40:28,640 --> 00:40:32,040 Speaker 1: you know whatever, the gender switch maybe to be using 639 00:40:32,080 --> 00:40:37,680 Speaker 1: a female bathroom. They would say that that's your fear mongoring, 640 00:40:38,160 --> 00:40:41,280 Speaker 1: you're doing slippery slope argument. And now here now Democrats 641 00:40:41,360 --> 00:40:45,440 Speaker 1: have gone full on. We want men competing as powerlifters. 642 00:40:45,880 --> 00:40:50,400 Speaker 1: We want i'm sorry, against females, but men can compete 643 00:40:50,440 --> 00:40:54,520 Speaker 1: as powerlifters. We want men competing against women as powerlifters. 644 00:40:54,800 --> 00:40:59,880 Speaker 1: We want you know, biological males to be using women 645 00:41:01,280 --> 00:41:05,040 Speaker 1: restrooms and accommodations. In fact, they want to give awards 646 00:41:05,080 --> 00:41:10,239 Speaker 1: for womanhood on a global level for International Women's Day 647 00:41:10,480 --> 00:41:13,200 Speaker 1: to men, which they just did and Joe Biden was 648 00:41:13,239 --> 00:41:16,040 Speaker 1: there with Tony Blinkin to present the award, as we 649 00:41:16,080 --> 00:41:19,480 Speaker 1: discussed earlier this week. So they've gone all the way. 650 00:41:19,560 --> 00:41:22,280 Speaker 1: They've gone all the way, and that's why you also 651 00:41:22,360 --> 00:41:29,480 Speaker 1: see that they can't even retrench. They can't adjust on 652 00:41:29,560 --> 00:41:33,840 Speaker 1: the most extreme stuff, which is now drag shows for 653 00:41:34,000 --> 00:41:41,239 Speaker 1: children for small children, and transgender surgery for adolescents and 654 00:41:41,320 --> 00:41:44,000 Speaker 1: even children. And they go as far as to say 655 00:41:44,000 --> 00:41:48,080 Speaker 1: that doctors get it wrong when they see male genitalia 656 00:41:48,080 --> 00:41:49,960 Speaker 1: and think that's a boy when the baby comes out, 657 00:41:51,520 --> 00:41:56,040 Speaker 1: doctors quote get it wrong. Okay, So Glen Junkin was 658 00:41:56,120 --> 00:42:01,839 Speaker 1: asked last night about bathrooms gender neutral bathrooms. Here is 659 00:42:02,000 --> 00:42:05,320 Speaker 1: what he said, Play one, you're transgender model policy require 660 00:42:05,400 --> 00:42:07,880 Speaker 1: that students play on the sports teams and use the 661 00:42:07,920 --> 00:42:11,000 Speaker 1: restrooms that correspond with their sex assigned at birth. Look 662 00:42:11,120 --> 00:42:14,759 Speaker 1: at me, I am a transgender man. Do you really 663 00:42:14,760 --> 00:42:16,600 Speaker 1: think that the girls in my high school would feel 664 00:42:16,600 --> 00:42:19,920 Speaker 1: comfortable sharing a restroom with me? What's most important is 665 00:42:20,080 --> 00:42:23,960 Speaker 1: that we try very hard to accommodate students. That's why 666 00:42:24,000 --> 00:42:27,080 Speaker 1: I have said many many times, we just need extra 667 00:42:27,120 --> 00:42:30,719 Speaker 1: bathrooms in schools. We need general neutral bathrooms, and so 668 00:42:30,960 --> 00:42:32,960 Speaker 1: people can use a bathroom that they, in fact are 669 00:42:32,960 --> 00:42:38,480 Speaker 1: comfortable with. I don't like this gender neutral bathroom response 670 00:42:38,520 --> 00:42:43,000 Speaker 1: from him because it's unrealistic and it is a concession 671 00:42:43,640 --> 00:42:47,480 Speaker 1: to the other side where no concession should be made. Okay, 672 00:42:47,560 --> 00:42:51,600 Speaker 1: we're drawing lines here, folks. We're drawing bright red lines 673 00:42:52,040 --> 00:42:55,080 Speaker 1: for how we're going to organize and order our society. 674 00:42:55,520 --> 00:42:58,080 Speaker 1: That is the fight we are in now. They made 675 00:42:58,160 --> 00:43:00,960 Speaker 1: us have this fight. They demand at this fight, So 676 00:43:01,000 --> 00:43:04,200 Speaker 1: now we're gonna have to be clear about what we want. 677 00:43:04,600 --> 00:43:07,719 Speaker 1: Let me start though, just with the the You know, 678 00:43:07,880 --> 00:43:10,920 Speaker 1: not every school is going to be able to because 679 00:43:10,960 --> 00:43:13,840 Speaker 1: remember it would have to be I would assume gender 680 00:43:13,920 --> 00:43:16,880 Speaker 1: neutral locker room, gender neutral bathroom. They're gonna do this, 681 00:43:17,239 --> 00:43:19,839 Speaker 1: think of the cost of this. That's just one part, 682 00:43:20,000 --> 00:43:23,160 Speaker 1: one part of this equation. Now, some schools would probably say, oh, 683 00:43:23,200 --> 00:43:25,360 Speaker 1: we can do it, and you know, Virginia property taxes 684 00:43:25,360 --> 00:43:28,600 Speaker 1: are probably pretty high for a reason. But that's one 685 00:43:28,640 --> 00:43:33,480 Speaker 1: aspect of it. But then there's the why should if 686 00:43:33,480 --> 00:43:36,480 Speaker 1: I had a daughter, I mean, I'm married now and 687 00:43:36,480 --> 00:43:38,839 Speaker 1: I'm hoping to start a family soon. If I had 688 00:43:38,840 --> 00:43:41,239 Speaker 1: a daughter and she was twelve or thirteen years old 689 00:43:41,320 --> 00:43:44,480 Speaker 1: and there was a thirteen year old with male genitalia 690 00:43:44,600 --> 00:43:48,120 Speaker 1: in the same changing space and locker room as her, 691 00:43:48,200 --> 00:43:51,920 Speaker 1: I would have a problem with that, okay, because that 692 00:43:51,960 --> 00:43:54,520 Speaker 1: would make her uncomfortable. It would make me uncomfortable. And 693 00:43:54,600 --> 00:43:56,759 Speaker 1: I think, especially given what we saw, which was a 694 00:43:56,800 --> 00:44:02,040 Speaker 1: transgender student in Virginia in Loudon count who was using 695 00:44:02,080 --> 00:44:04,799 Speaker 1: the female locker room and was then accused of two 696 00:44:04,840 --> 00:44:08,839 Speaker 1: sexual assaults against women. He was claiming to be a woman, 697 00:44:08,880 --> 00:44:15,279 Speaker 1: but he actually sexually assaulted to actual women allegedly, that 698 00:44:15,400 --> 00:44:18,040 Speaker 1: we know that there are issues here, there are safety issues, 699 00:44:18,040 --> 00:44:20,480 Speaker 1: there are real concerns. So I think young Kin that 700 00:44:20,960 --> 00:44:24,720 Speaker 1: was a that was a weak response. It's not about 701 00:44:24,760 --> 00:44:27,960 Speaker 1: third there's not gender neutral, third party or third gender 702 00:44:28,040 --> 00:44:30,560 Speaker 1: or any of that stuff. Bathrooms, it's boys and girls. 703 00:44:30,600 --> 00:44:35,160 Speaker 1: You use the gender bathroom that you are, what your 704 00:44:35,200 --> 00:44:37,879 Speaker 1: sex is, not your gender identity. Use the bathroom you are. 705 00:44:38,200 --> 00:44:40,560 Speaker 1: That's just how it's going to go. That's how it 706 00:44:40,600 --> 00:44:43,080 Speaker 1: should go. He was a little bit better on the 707 00:44:43,080 --> 00:44:45,880 Speaker 1: sports issue to play clip too. I think sports are 708 00:44:45,960 --> 00:44:49,080 Speaker 1: very clear, and I don't think it's controversial. I don't 709 00:44:49,080 --> 00:44:52,880 Speaker 1: think that biological boys should be playing sports with biological girls. 710 00:44:53,440 --> 00:44:57,520 Speaker 1: There's been decades of efforts in order to gain opportunities 711 00:44:57,640 --> 00:45:01,160 Speaker 1: for women in sports, and it's just not fair. And 712 00:45:01,200 --> 00:45:03,879 Speaker 1: I think that's non controversial and something that I think 713 00:45:03,960 --> 00:45:08,640 Speaker 1: is pretty well understood. His answer is the right answer, 714 00:45:08,719 --> 00:45:13,120 Speaker 1: but his analysis is the wrong analysis because the left 715 00:45:13,160 --> 00:45:16,880 Speaker 1: says this is highly controversial. In California, this is considered 716 00:45:16,880 --> 00:45:21,560 Speaker 1: incredibly controversial. In New York, this is considered you know, 717 00:45:21,600 --> 00:45:25,520 Speaker 1: this is considered heresy. You don't think that you know 718 00:45:26,000 --> 00:45:28,279 Speaker 1: a two hundred and thirty pound guy named Bob who 719 00:45:28,320 --> 00:45:31,880 Speaker 1: wants to play after playing men's rugby. You know, for 720 00:45:32,000 --> 00:45:34,000 Speaker 1: the first eighteen years of his life now wants to 721 00:45:34,000 --> 00:45:36,879 Speaker 1: play women's rugby. You don't think he should be able 722 00:45:36,880 --> 00:45:39,000 Speaker 1: to run around and stiff arm all the women into 723 00:45:39,040 --> 00:45:43,319 Speaker 1: the dirt and trample them at will New York, California. 724 00:45:43,400 --> 00:45:45,200 Speaker 1: They say, if you have a problem with that, you're 725 00:45:45,239 --> 00:45:48,560 Speaker 1: the bad person. So he's wrong when he says it's 726 00:45:48,640 --> 00:45:51,920 Speaker 1: non controversial. Oh no, they think it's controversial. But he 727 00:45:51,960 --> 00:45:53,600 Speaker 1: did give the right answer, which is, of course, we 728 00:45:53,640 --> 00:45:58,160 Speaker 1: shouldn't have mixed gender sports. Mixed gender sports is the 729 00:45:58,239 --> 00:46:01,560 Speaker 1: destruction of women's athletics. So if that's what the left wants, 730 00:46:01,640 --> 00:46:04,480 Speaker 1: that's what they should say. We want to destroy women's athletics. 731 00:46:06,160 --> 00:46:08,719 Speaker 1: Who needs coffee in the afternoon, my friends, I do, 732 00:46:08,840 --> 00:46:12,720 Speaker 1: but you don't. Wants even better than coffee. Chalk chalk 733 00:46:12,840 --> 00:46:14,640 Speaker 1: is amazing. 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