WEBVTT - Rick Wilson & Rohit Chopra

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<v Speaker 1>Hi, I'm Molly John Fast and this is Fast Politics,

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<v Speaker 1>where we discussed the top political headlines with some of

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<v Speaker 1>today's best minds. And Marco Rubio says Europe and Ukraine

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<v Speaker 1>will be a part of the Russian peace talks, though

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<v Speaker 1>that actually is maybe not true. We have such a

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<v Speaker 1>great show for you today. The Lincoln Project's own Rick

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<v Speaker 1>Wilson joins us to discuss Trump's latest dictator language. Then

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<v Speaker 1>we'll talk to former Consumer Financial Protection Bureau head row

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<v Speaker 1>heat Chobra about the accomplishments of the organization and why

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<v Speaker 1>Trump ended it. But first the news.

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<v Speaker 2>So Malli RFK Junior got right to work dismantling the CDC,

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<v Speaker 2>just as we feared he would. And I don't like this.

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<v Speaker 1>You'll be shocked to know that RFK Junior is doing

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<v Speaker 1>all the anti science stuff he has long advertised himself

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<v Speaker 1>to be. By the way, I just want to pause

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<v Speaker 1>for a minute here and say, like, we're basically in

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<v Speaker 1>between pandemics. We have bird flu, we got birds dying,

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<v Speaker 1>we got cows, a person got bird flu, they had

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<v Speaker 1>pink eye. There are all sorts of reasons not to

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<v Speaker 1>gut public health organizations, and yet here we are the

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<v Speaker 1>Trump administration fired nearly half of the members of the

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<v Speaker 1>vaulted public health program that works on the frontlines of

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<v Speaker 1>disease outbreaks. You don't need it only a day after

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<v Speaker 1>anti vax or conspiracy theorist and might add lover of

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<v Speaker 1>many women who are not his wife.

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<v Speaker 2>You could say it because it's true of a lot

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<v Speaker 2>of people in this administration.

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<v Speaker 1>Yes, yes, yes, and members of this intelligence service, which

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<v Speaker 1>deals with etymology. Thirteen hundred layoffs there at the Center

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<v Speaker 1>for Disease Control and Prevention. We don't have diseases, so

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<v Speaker 1>that should be fine. Look, he is stripping the Health

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<v Speaker 1>and Human Services staff. He's doing this. And look again,

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<v Speaker 1>Remember there are two things to remember here. One is

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<v Speaker 1>this is about this larger ethos of Project twenty twenty five. Right,

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<v Speaker 1>dismantle the federal government, make it small, make it inefficient,

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<v Speaker 1>make it not work so that the people don't believe

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<v Speaker 1>in it. Right, that's part of it. And then part

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<v Speaker 1>of it is you put someone who really is against

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<v Speaker 1>almost all of the important and meaningful parts of public

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<v Speaker 1>health in charge of the public health agency. So like

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<v Speaker 1>the fact that this is happening, no one should be surprised. Right,

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<v Speaker 1>this is exactly how we thought it would go. Some

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<v Speaker 1>of the people that he laid off, experts from this

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<v Speaker 1>EIS have been dispatched for decades to investigate disease outbreaks

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<v Speaker 1>in the United States and abroad. Disease outbreaks. Well, it's

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<v Speaker 1>good because we don't have diseases anymore, so that should

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<v Speaker 1>be fine. And you know these are high paying jobs, right,

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<v Speaker 1>millions of millionaires. Now, I mean, this is fucking ic right.

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<v Speaker 1>These are the people who investigated anthrax, investigated.

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<v Speaker 2>Abula, which we just got two cases of in New York.

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<v Speaker 1>Right, this is absolutely insane. Stat News reports the entire

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<v Speaker 1>incoming class, sixty to eighty people were told their positions

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<v Speaker 1>have been canceled. This is so fucking stupid. This is

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<v Speaker 1>cutting a tiny bit of money to cost a lot

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<v Speaker 1>more money soon. And I want to add that we

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<v Speaker 1>should not be surprised that these people are doing stupid

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<v Speaker 1>destructive things. Stupid destructive things are what they said they

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<v Speaker 1>would do, and now they are doing it. So welcome, welcome, welcome.

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<v Speaker 2>So the Republicans have unveiled their budget, and I'm going

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<v Speaker 2>to shock you here, Molly. The economists say it'll disproportionately

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<v Speaker 2>benefit the one percent.

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<v Speaker 1>Never what that's crazy talk. So House GOP's budget proposal,

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<v Speaker 1>which ames four point five trillion dollar tax cut but

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<v Speaker 1>only for a very very much people with roughly two

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<v Speaker 1>trillion and spending cuts, but likely that those spending cuts

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<v Speaker 1>will only affect the very poor and also the people

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<v Speaker 1>who need healthcare and also people who are affected by diseases.

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<v Speaker 1>This was always trickle down economics. None of us should

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<v Speaker 1>be surprised that these people are trying to practice the

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<v Speaker 1>sort of worst of Reaganism and the worst of Bannonism.

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<v Speaker 1>So here we are. They want to cut two trillion

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<v Speaker 1>in spending, cut taxes four point five trillion, and the

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<v Speaker 1>good news is and also in top line numbers, Republicans

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<v Speaker 1>are hoping to pay for their gigantic tax cut for

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<v Speaker 1>very wealthy people by reducing spending between one point five

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<v Speaker 1>and two trillion. By the way, Medicaid in case you're wondering, Medicaid,

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<v Speaker 1>which is the healthcare for poor people that is in

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<v Speaker 1>their crosshairs because it always has been. House Republican leadership

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<v Speaker 1>has specifically asked the Energy and Commerce Committee to find

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<v Speaker 1>eight hundred and eighty billion dollars in cuts over the

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<v Speaker 1>next ten years. This is all I want to pause

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<v Speaker 1>again to pay four tax cuts for very wealthy people.

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<v Speaker 2>And funny enough, though US in the resistance have an

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<v Speaker 2>ally in one Steve Bannon, who warns Trump and Musk

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<v Speaker 2>that they shouldn't cut Medicaid because there's loads of mega

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<v Speaker 2>that is on Medicaid.

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<v Speaker 1>Yes, you will be shocked to know. Look, Steve Bannon,

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<v Speaker 1>you may not agree with him, but he is very smart.

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<v Speaker 1>I mean I don't agree with him, and nor should

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<v Speaker 1>you agree with him. And we most people don't agree

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<v Speaker 1>with him, but don't use a meat axe. Steve Bannon

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<v Speaker 1>warns Trump and Musk that loads of megas are on Medicare. Again.

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<v Speaker 1>You know, one of the things that we've seen with

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<v Speaker 1>Steve Bannon is that he actually really is smart and

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<v Speaker 1>pays attention to what's going on. I do not agree

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<v Speaker 1>with him. I've said this before, but he said he

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<v Speaker 1>warned that many of Trump's mega supporters rely heavily on Medicaid,

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<v Speaker 1>a subsidy for low income Americans, and not to take

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<v Speaker 1>a meat axe to the program more than six hundred

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<v Speaker 1>billion dollars when to Medicaid last year. Bannon nevertheless wants

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<v Speaker 1>to cut programs to help whack away at the one

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<v Speaker 1>point eight trillion dollars in debt. I mean, yes, the

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<v Speaker 1>whole goal here is to cut spending, is to cut

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<v Speaker 1>the things that you have gotten from the government, right

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<v Speaker 1>to cut away at that. So we shouldn't be surprised.

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<v Speaker 1>But Bannon is smart, and Bannon wants to keep winning elections,

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<v Speaker 1>and he knows if you do this to the people

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<v Speaker 1>who voted for you, then they won't vote for you again.

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<v Speaker 1>I mean, that's just math. Right. One of the things

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<v Speaker 1>that Trump was able to do in his first term

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<v Speaker 1>was he was able to have set all this crazy stuff,

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<v Speaker 1>but a lot of it didn't happen because Democrats were

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<v Speaker 1>able to prevent him from doing it, so people didn't

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<v Speaker 1>believe he would do it. This time, there are no

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<v Speaker 1>checks and balances, and there's a real opportunity here for

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<v Speaker 1>Donald Trump just to do the craziest stuff. And that's

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<v Speaker 1>where we are.

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<v Speaker 2>Fun times. Speaking of doing crazy stuff, Borders Are, Tom

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<v Speaker 2>Homan has suggested that the DOJ should prosecut AOC.

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<v Speaker 1>So this is one of these dumb things. It's dumb

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<v Speaker 1>because it's just bullshit. Right. So Tom Holman, who was

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<v Speaker 1>the Borders Are, he actually worked under Obama and had

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<v Speaker 1>some kind of weird meltdown and now has become completely

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<v Speaker 1>a zealot as zealot when.

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<v Speaker 2>He's not embarrassing Eric Adams on air.

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<v Speaker 1>Yeah, that amazing interview on Fox and Friends. But anyway,

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<v Speaker 1>so that guy said that AOC could have broken the

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<v Speaker 1>law by holding a webinar informing immigrants of the rights

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<v Speaker 1>during encounters with ice. Now there's no law against that.

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<v Speaker 1>It's covered under this amendment. That Republicans are so concerned

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<v Speaker 1>about the First Amendment, the freedom of speech. I mean,

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<v Speaker 1>they don't love it as much as the Second Amendment,

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<v Speaker 1>but it still gets a lot of play. It's a

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<v Speaker 1>stupid thing because it can't happen, and it's not true.

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<v Speaker 1>This is this Republican bravado, this idea that if you

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<v Speaker 1>say something we don't like, we think you should go

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<v Speaker 1>to jail, or we think you should be prosecuted. And

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<v Speaker 1>Dana Bash asked Tom Holman, do you think that she

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<v Speaker 1>should be prosecuted about AOC, and he suggests he said,

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<v Speaker 1>I am suggesting that I would ask the Department of Justice,

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<v Speaker 1>where's the line on implementation. I think that that's a

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<v Speaker 1>broad statute. I mean, look, it's so dumb. I mean,

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<v Speaker 1>it's so dumb, and it is meant to be a distraction.

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<v Speaker 1>But remember so much of the Sadman is about doing

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<v Speaker 1>things to get attention. Maybe he wants to get the

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<v Speaker 1>big guy to see it. Maybe he thinks that Trump

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<v Speaker 1>will love him more if he picks on AOSA. Shouldn't

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<v Speaker 1>be surprised about this. Rick Wilson is the founder of

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<v Speaker 1>the Lincoln Project and the host of the Enemy's List

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<v Speaker 1>Welcome Back, Too Fast Politics, Rick Wilson.

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<v Speaker 3>Hello, comrade, this was the weekend when, even though what

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<v Speaker 3>Trump is doing has been bad, I feel like this

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<v Speaker 3>was the.

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<v Speaker 1>Weekend where we were like, all my a month into

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<v Speaker 1>this experiment, and this was a weekend where I was like,

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<v Speaker 1>oh wait, what not me?

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<v Speaker 4>I mean, look, I have expected this, this increasing tempo

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<v Speaker 4>and the increasing outrageousness of it, and the increasing degree

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<v Speaker 4>to which the Democrats have still yet to grapple with

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<v Speaker 4>how to deal with it.

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<v Speaker 1>Right, First, we need to talk about the Trump tweet

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<v Speaker 1>that is Napoleonic. We need to talk about the providence

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<v Speaker 1>of it. It's not actually Napoleon. It's a movie about Napoleon.

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<v Speaker 5>Right, correct.

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<v Speaker 4>It's from the nineteen seventy film Waterloo by Robsteiger.

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<v Speaker 1>Say more. If you dare.

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<v Speaker 4>This is the classic problem with Trump and his people.

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<v Speaker 4>They find something superficial, like that famous quote from Abraham

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<v Speaker 4>Lincoln about you can't trust anything on the Internet, and

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<v Speaker 4>so they'll run with shit like that. They will not understand,

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<v Speaker 4>and they still refuse to understand that the presidency of

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<v Speaker 4>the United States, even with a crapulous fuck wit like

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<v Speaker 4>Donald Trump in the office, that words matter, that assertions

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<v Speaker 4>like that matter. And let's be very clear, Napoleon Bonaparte

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<v Speaker 4>was a dictator. I've written I am unfortunately in one

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<v Speaker 4>of one of my mani historical rabbit holes. I've studied

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<v Speaker 4>a lot about the Napoleonic Wars, and I've written a

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<v Speaker 4>lot about Napoleon. I've written a lot about the French Revolution,

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<v Speaker 4>partly because Trump idolizes a person like Napoleon, because he

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<v Speaker 4>believes he got away with things because he took power

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<v Speaker 4>and no one could resist him taking power. This is

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<v Speaker 4>what Trump idolizes most. This is why we're now on

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<v Speaker 4>the wrong side of history. This is why our allies

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<v Speaker 4>now are putin g mbs and Kim Jong un because

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<v Speaker 4>he loves that quote. But let me tell you something.

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<v Speaker 4>I read it, and I knew it's provenance, and I

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<v Speaker 4>knew it was one of those famous sort of faux

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<v Speaker 4>historical whatevers. What Donald Trump was doing there wasn't just

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<v Speaker 4>asserting his own power. He was also sending a very

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<v Speaker 4>very very loud dog whistle through a billion assholes. That

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<v Speaker 4>was the moral equivalent of saying, we're going to march

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<v Speaker 4>down to the Capitol because if you don't, you're going

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<v Speaker 4>to lose your country.

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<v Speaker 1>Right, And Nate got very excited by it. But I

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<v Speaker 1>want to point out, just for two seconds, just back

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<v Speaker 1>to this quote. So it's a line from a screenplay

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<v Speaker 1>from a nineteen seventies movie which David from SAZ was

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<v Speaker 1>funded by the Russian government and then Waterlieu with Rod Steiger,

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<v Speaker 1>Christopher Blummer and sixteen thousand Red Army extras. But I mean, look,

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<v Speaker 1>the message here is the same message we're hearing from JD. Ben's,

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<v Speaker 1>is the same message we always hear from Trump, right,

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<v Speaker 1>which is I am an autocrat and I the laws

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<v Speaker 1>don't apply to me, which is, you know, none of

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<v Speaker 1>this should be surprising, but all of it should be galvanizing.

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<v Speaker 4>It should be I desperately need the folks out there

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<v Speaker 4>to not normalize this in your head. I desperately need

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<v Speaker 4>people out there to really think this through what it means.

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<v Speaker 4>This is intentionality on his part. This is clarity on

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<v Speaker 4>what he will do and will try to get away with.

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<v Speaker 4>Napoleon inherited from the French Revolution an internal security mechanism

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<v Speaker 4>that would persecute, prosecute, or kill opponents.

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<v Speaker 1>Right, But there's no way that Trump knows.

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<v Speaker 4>He knows that he defied convention, he defied law, he

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<v Speaker 4>defied order, he defied the constitutional for what it was

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<v Speaker 4>framework of how France was organized in or Trump knows

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<v Speaker 4>those things at an ansert visceral level. But Molly, it's

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<v Speaker 4>also an invitation to these assholes out there. Oh, if

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<v Speaker 4>you attack Trump's opponents, now you're doing it for the country,

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<v Speaker 4>so you're not breaking the law.

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<v Speaker 1>There's a lot of wink wing, no, no, let's go,

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<v Speaker 1>And that's always been true for Trump and iatarily worrying. Now.

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<v Speaker 1>The problem on the other side is that Democrats are

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<v Speaker 1>having real trouble breaking through. Some of them are out there,

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<v Speaker 1>some of them are trying, but it's not connecting for

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<v Speaker 1>whatever reason. So let's talk about what they could do

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<v Speaker 1>to break through. Let's not even trash then, let's just

0:13:01.920 --> 0:13:03.600
<v Speaker 1>get going on like solutions.

0:13:03.760 --> 0:13:07.080
<v Speaker 4>Okay, here's a solution. Build an apatrol rapid response team

0:13:07.080 --> 0:13:10.520
<v Speaker 4>of actual rapid responders. It's not members of Congress. Okay,

0:13:10.800 --> 0:13:13.480
<v Speaker 4>more about that right now. The average age of the

0:13:13.520 --> 0:13:16.200
<v Speaker 4>people on the Democratic rapid response team, a fucking kid,

0:13:16.240 --> 0:13:19.079
<v Speaker 4>you not, is seventy seven years old. This is insane.

0:13:19.480 --> 0:13:23.040
<v Speaker 4>You need a bunch of pipe swinging young people to

0:13:23.120 --> 0:13:25.319
<v Speaker 4>get out there and be on the rapid response front

0:13:25.559 --> 0:13:28.960
<v Speaker 4>every day, grinding out these messages, giving them to members

0:13:28.960 --> 0:13:33.200
<v Speaker 4>and saying, hey, in your district, Congressman Smith, here's how

0:13:33.280 --> 0:13:37.400
<v Speaker 4>many people are getting fucked by this tariff deal. Here's

0:13:37.400 --> 0:13:40.600
<v Speaker 4>how many people are getting hurt by firing some government jobs.

0:13:40.640 --> 0:13:44.160
<v Speaker 4>Here's how many veterans don't get suicide prevention care. Now

0:13:44.360 --> 0:13:46.800
<v Speaker 4>they should be driving information into the hands of every

0:13:46.840 --> 0:13:50.200
<v Speaker 4>member of Congress, and Hakeem Jeffries should be there with

0:13:50.320 --> 0:13:53.600
<v Speaker 4>a baseball bat going to every member saying, have you

0:13:53.679 --> 0:13:56.600
<v Speaker 4>communicated to your district every single one of these facts.

0:13:56.840 --> 0:13:59.200
<v Speaker 4>Are you pushing this out to your local media, to

0:13:59.320 --> 0:14:03.240
<v Speaker 4>local radio, to local newspapers, to local influencers. Are you

0:14:03.440 --> 0:14:06.000
<v Speaker 4>blasting your email list every day? Not just asking for

0:14:06.040 --> 0:14:09.640
<v Speaker 4>fundraising but telling people in your district, in your state,

0:14:09.800 --> 0:14:12.560
<v Speaker 4>telling them, get on the phone to your Republican neighbor,

0:14:12.720 --> 0:14:15.000
<v Speaker 4>get on the phone and spread this message. Here's how

0:14:15.040 --> 0:14:17.920
<v Speaker 4>you're being hurt. Here's how Trump is fucking you. Here's

0:14:17.920 --> 0:14:21.480
<v Speaker 4>how Trump is burning your community to the goddamn ground.

0:14:21.880 --> 0:14:25.200
<v Speaker 4>That is a message out there. The rapid response faces

0:14:25.320 --> 0:14:27.400
<v Speaker 4>need to be the members of Congress, and they need

0:14:27.400 --> 0:14:30.040
<v Speaker 4>to be aggressive about it. The team needs to be

0:14:30.080 --> 0:14:35.160
<v Speaker 4>a bunch of pipe swinging, vicious, bloodthirsty motherfuckers who are

0:14:35.160 --> 0:14:39.320
<v Speaker 4>out there try to have the maximum pain on Republicans

0:14:39.320 --> 0:14:41.800
<v Speaker 4>in their districts and their states. They should be laying

0:14:41.800 --> 0:14:45.160
<v Speaker 4>in as much pain as they can. If Congressman Smith,

0:14:45.240 --> 0:14:48.320
<v Speaker 4>a Democrat, is next door to Congressman Jones, a Republican,

0:14:48.320 --> 0:14:50.640
<v Speaker 4>in their districts, he should be in that guy's fucking

0:14:50.680 --> 0:14:53.840
<v Speaker 4>district saying you're getting screwed by this guy. You're getting

0:14:53.840 --> 0:14:55.960
<v Speaker 4>screwed by this guy. Trump is hurting you. He is

0:14:56.040 --> 0:14:56.480
<v Speaker 4>hurting you.

0:14:56.720 --> 0:14:59.560
<v Speaker 1>But there's a ton to sort of work off of.

0:15:00.240 --> 0:15:03.840
<v Speaker 1>For example, R. FK. Junior, you may have heard of him.

0:15:04.120 --> 0:15:06.880
<v Speaker 1>Some of the people Trump has put in this cabinet.

0:15:07.040 --> 0:15:10.600
<v Speaker 1>I don't even want to say they're crazy, because crazy

0:15:10.720 --> 0:15:13.680
<v Speaker 1>is probably the wrong word for whatever it is.

0:15:13.760 --> 0:15:15.760
<v Speaker 4>Evil Molly, evils, the what are you're looking for?

0:15:15.960 --> 0:15:19.480
<v Speaker 1>Yeah? But RFK Junior, he has decided that he's going

0:15:19.640 --> 0:15:27.600
<v Speaker 1>to target one of America's greatest problems, which is antidepressant Yeah, yeah, yeah, yeah,

0:15:27.680 --> 0:15:32.560
<v Speaker 1>because depressed people are obviously much better for the country.

0:15:32.840 --> 0:15:37.040
<v Speaker 1>And I mean, this is the problem antidepressants, right. RFK

0:15:37.240 --> 0:15:42.080
<v Speaker 1>Junior is like an ad for Democrats right every single day.

0:15:42.400 --> 0:15:44.960
<v Speaker 1>And the fact that Donald Trump put him in there,

0:15:45.360 --> 0:15:48.000
<v Speaker 1>I guess because RFK got a lot of voters for

0:15:48.080 --> 0:15:52.360
<v Speaker 1>Trump is insane. And I think there's a real question

0:15:52.520 --> 0:15:55.280
<v Speaker 1>about why we are not talking about RFK Junior every

0:15:55.280 --> 0:15:56.160
<v Speaker 1>minute of every day.

0:15:56.480 --> 0:15:58.480
<v Speaker 4>We ought to be talking about RFK Junior every minute

0:15:58.480 --> 0:16:02.160
<v Speaker 4>of every day. We ought to be targeting suburban mothers. Hey, Democrats,

0:16:02.160 --> 0:16:04.360
<v Speaker 4>here's a free one for you. Get an ad campaign

0:16:04.440 --> 0:16:08.720
<v Speaker 4>running right now into Republican districts for suburban mommies, and

0:16:08.760 --> 0:16:11.320
<v Speaker 4>you tell them over and over again, RFK wants your

0:16:11.400 --> 0:16:13.720
<v Speaker 4>daughter to get cervical cancer because he wants to ban

0:16:13.840 --> 0:16:17.440
<v Speaker 4>Gardisil because he's in a lawsuit. One of his law

0:16:17.520 --> 0:16:20.360
<v Speaker 4>firms is suing the manufacture of Gardazil, because that's what

0:16:20.440 --> 0:16:22.360
<v Speaker 4>they do, that's their business model.

0:16:22.360 --> 0:16:23.520
<v Speaker 1>Is to sue.

0:16:23.720 --> 0:16:27.800
<v Speaker 4>But I think you should be telling Republican women out

0:16:27.800 --> 0:16:30.320
<v Speaker 4>there in the country, they should be advertising because they're

0:16:30.360 --> 0:16:32.600
<v Speaker 4>still sitting and they and future four it is still

0:16:32.600 --> 0:16:34.840
<v Speaker 4>sitting on a giant mountain of money. They should be

0:16:34.960 --> 0:16:38.000
<v Speaker 4>advertising to these people saying, say goodbye to your daughter.

0:16:38.520 --> 0:16:41.280
<v Speaker 4>She may not died today, but there's a chance she'll

0:16:41.360 --> 0:16:45.480
<v Speaker 4>die of cervical cancer. Preventable cancer, cancer that has a

0:16:45.520 --> 0:16:48.400
<v Speaker 4>safe and effective medicine that treats it, but no longer

0:16:48.560 --> 0:16:52.200
<v Speaker 4>because Robert F. Kennedy, Donald Trump's Health and Human Services secretary,

0:16:52.480 --> 0:16:55.240
<v Speaker 4>is taking it away. Yes, I mean, it's not like

0:16:55.240 --> 0:16:57.400
<v Speaker 4>I do this in my sleep or anything, but but

0:16:57.560 --> 0:17:01.160
<v Speaker 4>I can't understand why they can't recognize you can't just

0:17:01.200 --> 0:17:02.920
<v Speaker 4>go out there and say and I saw this the

0:17:03.000 --> 0:17:05.240
<v Speaker 4>other day. It was like, what did Democrats do about

0:17:05.520 --> 0:17:07.520
<v Speaker 4>on this day? And one of the two of the

0:17:07.560 --> 0:17:10.760
<v Speaker 4>bullets were just like, we offered to continue to bring

0:17:10.840 --> 0:17:15.119
<v Speaker 4>up a resolution to reintroduce the Veterans Nice Puppies and

0:17:15.200 --> 0:17:17.800
<v Speaker 4>Kittens Act or whatever the fuck it was. It's just like,

0:17:17.960 --> 0:17:18.440
<v Speaker 4>come on.

0:17:19.280 --> 0:17:22.200
<v Speaker 1>No, I know, but they just need to be focused.

0:17:22.240 --> 0:17:24.040
<v Speaker 1>And I think part of the problem is a lot

0:17:24.040 --> 0:17:26.679
<v Speaker 1>of these people are very elderly, so they remember a

0:17:26.760 --> 0:17:30.399
<v Speaker 1>time when there was a rich and robust mainstream media

0:17:30.800 --> 0:17:34.720
<v Speaker 1>that would highlight abuses. That mainstream media is gone, right,

0:17:34.840 --> 0:17:37.919
<v Speaker 1>that does not have the world works anymore. The media

0:17:37.960 --> 0:17:39.640
<v Speaker 1>is of the New York Times and that is it.

0:17:39.920 --> 0:17:42.439
<v Speaker 1>And so there is no one who is going to

0:17:42.560 --> 0:17:45.639
<v Speaker 1>draw attention to these abuses if they don't do it.

0:17:46.080 --> 0:17:48.480
<v Speaker 1>So if they ever want to win elections again, and

0:17:48.480 --> 0:17:51.760
<v Speaker 1>it's not even just about winning elections, you have constituents

0:17:51.880 --> 0:17:54.159
<v Speaker 1>in this country who are very angry as well, they

0:17:54.160 --> 0:17:56.760
<v Speaker 1>should be right people in the federal government. I mean

0:17:57.080 --> 0:18:00.280
<v Speaker 1>this weekend, Elon Musk, the richest man in the world,

0:18:00.440 --> 0:18:04.760
<v Speaker 1>he fired the people who watch the nukes for ten hours. Okay,

0:18:05.119 --> 0:18:08.959
<v Speaker 1>you need those people, you need those people, thank you.

0:18:09.480 --> 0:18:12.200
<v Speaker 4>So in an area in which all the members of

0:18:12.240 --> 0:18:14.920
<v Speaker 4>our family have had some encounters with the National Nuclear

0:18:14.920 --> 0:18:19.679
<v Speaker 4>Surity Administration, I can tell you these people do something

0:18:19.760 --> 0:18:24.160
<v Speaker 4>really important. They are folks who provide security and oversight

0:18:24.240 --> 0:18:25.720
<v Speaker 4>for nuclear weapons.

0:18:25.359 --> 0:18:29.240
<v Speaker 1>Preventing a nuclear holocaust. Like you just can't get people

0:18:29.320 --> 0:18:30.399
<v Speaker 1>off the street to do that.

0:18:30.960 --> 0:18:34.000
<v Speaker 4>And the purpose of nuclear weapons is to not use them,

0:18:34.200 --> 0:18:37.399
<v Speaker 4>ironically enough, but you do have to monitor them and

0:18:37.520 --> 0:18:40.920
<v Speaker 4>make them safe and keep them carefully locked away from

0:18:41.040 --> 0:18:44.600
<v Speaker 4>idiots and make sure that they're all accounted for at

0:18:44.600 --> 0:18:45.199
<v Speaker 4>all times.

0:18:45.760 --> 0:18:48.440
<v Speaker 1>And yet, but the thing that gets me the most

0:18:48.480 --> 0:18:50.960
<v Speaker 1>sort of agitated about all of this, if you can

0:18:51.040 --> 0:18:53.600
<v Speaker 1>believe it, is like this is to pay for tax

0:18:53.640 --> 0:18:57.160
<v Speaker 1>cuts for very much people. This is not because there's

0:18:57.320 --> 0:19:02.600
<v Speaker 1>some huge financial crisis. This is not because there is

0:19:02.800 --> 0:19:06.120
<v Speaker 1>some budget shortfall that none of us saw coming. This

0:19:06.240 --> 0:19:09.080
<v Speaker 1>is because Donald Trump does not want the tax cuts

0:19:09.119 --> 0:19:11.640
<v Speaker 1>to expire. I mean, you know, and I think there's

0:19:11.760 --> 0:19:14.959
<v Speaker 1>like a real lack of understanding there, right, Like these

0:19:15.040 --> 0:19:18.200
<v Speaker 1>are tax cuts that should expire that you know, their

0:19:18.200 --> 0:19:21.120
<v Speaker 1>corporate tax cuts. No one wants a corporate fucking tax cut.

0:19:21.160 --> 0:19:24.040
<v Speaker 1>Nobody wants that that's not for anyone but very rich

0:19:24.080 --> 0:19:27.840
<v Speaker 1>people and tax cuts for billionaires. Let these fucking tax

0:19:27.880 --> 0:19:32.040
<v Speaker 1>cuts expire. It is insane. I would also add that

0:19:32.240 --> 0:19:35.199
<v Speaker 1>I think that this rabbit hole that we're in, like

0:19:35.240 --> 0:19:38.240
<v Speaker 1>should be messaged as this is the richest man in

0:19:38.280 --> 0:19:42.520
<v Speaker 1>the entire world. He is interested in keeping his taxes low.

0:19:42.800 --> 0:19:45.320
<v Speaker 1>He is cutting cancer research period paragraph.

0:19:45.680 --> 0:19:48.120
<v Speaker 4>Yeah, and he gets upset when you mentioned that he's

0:19:48.119 --> 0:19:51.919
<v Speaker 4>cutting cancer research, which, by the way, guys, considering what

0:19:52.320 --> 0:19:57.240
<v Speaker 4>a sociopathic weirdo he is, when even Elon Musk gets

0:19:57.280 --> 0:20:01.240
<v Speaker 4>that imaging him with taking away kids cancer treatment is bad,

0:20:01.520 --> 0:20:03.200
<v Speaker 4>you know, it's really bad.

0:20:03.480 --> 0:20:05.960
<v Speaker 1>But it's also you know, it's like the right thing

0:20:06.000 --> 0:20:09.240
<v Speaker 1>to be saying, right, because he has some sense of

0:20:09.280 --> 0:20:11.600
<v Speaker 1>what is going to hurt him, and that is something

0:20:11.640 --> 0:20:13.879
<v Speaker 1>that's gonna hurt him. But I want to like just

0:20:14.000 --> 0:20:17.359
<v Speaker 1>pull back for a minute and pause and think about

0:20:17.480 --> 0:20:21.040
<v Speaker 1>for a second sort of the unintended consequences we are

0:20:21.160 --> 0:20:23.959
<v Speaker 1>hurtling towards here. There was a headline in the New

0:20:24.000 --> 0:20:26.879
<v Speaker 1>York Post. Again, I do not, you know, Rupert Murdock

0:20:26.960 --> 0:20:29.200
<v Speaker 1>owned New York Post, that there was an abola scare.

0:20:29.320 --> 0:20:31.240
<v Speaker 1>I have a number of reasons not to believe this.

0:20:31.480 --> 0:20:34.480
<v Speaker 1>Number one, it's the New York Post, number two, whatever.

0:20:34.560 --> 0:20:37.240
<v Speaker 1>But the point is, like, there is a real pandemic.

0:20:37.520 --> 0:20:40.240
<v Speaker 1>There's there's bird flu already, it's in the milk of

0:20:40.240 --> 0:20:43.639
<v Speaker 1>the cows. So like, could be nukes, could be the economy,

0:20:43.680 --> 0:20:46.159
<v Speaker 1>it could be bird flu, could be weather. I mean,

0:20:46.200 --> 0:20:49.160
<v Speaker 1>there are so many things that could be terrorism. I mean,

0:20:49.280 --> 0:20:52.360
<v Speaker 1>there's so many possible terrible things that could happen when

0:20:52.359 --> 0:20:55.879
<v Speaker 1>you dismantle the federal government. And there's no reason to

0:20:55.920 --> 0:20:58.359
<v Speaker 1>do this except for tax cuts for very rich people

0:20:58.440 --> 0:21:02.000
<v Speaker 1>and ideological beliefs rich people. I mean, there is, as

0:21:02.080 --> 0:21:03.800
<v Speaker 1>I see it, no other reason.

0:21:04.280 --> 0:21:09.360
<v Speaker 4>The reason for the tax cuts is exclusively so that Elon,

0:21:09.840 --> 0:21:14.679
<v Speaker 4>Peter Thiel, David Zas and a cluster of hedge fund

0:21:14.680 --> 0:21:18.359
<v Speaker 4>bros and crypto bros can get their income tax burden

0:21:18.440 --> 0:21:21.840
<v Speaker 4>down to essentially somewhere around zero. There is nothing built

0:21:21.840 --> 0:21:24.280
<v Speaker 4>into this tax cut. If you make under three hundred

0:21:24.280 --> 0:21:26.840
<v Speaker 4>and sixty some thousand dollars a year, you are going

0:21:26.880 --> 0:21:30.360
<v Speaker 4>to pay more in taxes. If your kids get college loans,

0:21:30.640 --> 0:21:34.400
<v Speaker 4>you're going to be taxed on those fucking college loans

0:21:34.440 --> 0:21:37.040
<v Speaker 4>and scholarships. I mean, none of this is going to

0:21:37.119 --> 0:21:40.760
<v Speaker 4>help anybody that is not in the eight zero's class

0:21:40.800 --> 0:21:43.800
<v Speaker 4>of Americans. It also puts the lie to all there, Oh,

0:21:43.800 --> 0:21:45.640
<v Speaker 4>we've got to go through the government and cut every

0:21:45.720 --> 0:21:49.080
<v Speaker 4>job out because we're in such deep debt. Okay, right now,

0:21:49.160 --> 0:21:52.880
<v Speaker 4>if you trimmed out every bit of what professionals think

0:21:52.880 --> 0:21:55.040
<v Speaker 4>about at the fraud and waste level, you trim out

0:21:55.080 --> 0:21:58.080
<v Speaker 4>a few billion dollars here in there. Okay, you trim

0:21:58.080 --> 0:22:00.840
<v Speaker 4>out three to five percent of the budget, call it waste.

0:22:01.000 --> 0:22:07.000
<v Speaker 4>They're asking for ten trillion dollars, four trillion dollars to

0:22:07.119 --> 0:22:11.119
<v Speaker 4>keep up the Trump's spending plans, and then that additional

0:22:11.160 --> 0:22:13.320
<v Speaker 4>load is going to go to pay for a tax

0:22:13.359 --> 0:22:16.600
<v Speaker 4>cut for about two hundred and fifty people in this country.

0:22:16.760 --> 0:22:18.359
<v Speaker 4>I know a lot of people they don't like thinking

0:22:18.400 --> 0:22:21.600
<v Speaker 4>about the sort of Luigi problem. But we're going to

0:22:21.680 --> 0:22:25.320
<v Speaker 4>enter into guillotine and tumbril territory if they pass this

0:22:25.400 --> 0:22:28.440
<v Speaker 4>tax cut, because ordinary people are going they're going to

0:22:28.560 --> 0:22:33.720
<v Speaker 4>end up in a situation where they completely are financially fucked.

0:22:34.280 --> 0:22:37.760
<v Speaker 1>Yeah, yeah, no, I mean, and they're already. I mean. Look,

0:22:37.920 --> 0:22:41.000
<v Speaker 1>Trump was elected to make things less expensive, right, that

0:22:41.040 --> 0:22:42.280
<v Speaker 1>was what he said. I'm going to make eggs, so

0:22:42.400 --> 0:22:46.080
<v Speaker 1>I was sold. Right, if you can fucking find eggs,

0:22:46.119 --> 0:22:49.920
<v Speaker 1>there is expensive. I spent sixty dollars on three things

0:22:49.960 --> 0:22:54.320
<v Speaker 1>of eggs. Okay, thirty six eggs. Sixty dollars. Now that

0:22:54.440 --> 0:22:55.520
<v Speaker 1>seems like a lot to me.

0:22:56.680 --> 0:22:58.600
<v Speaker 4>I was told that prices were going to come down

0:22:58.720 --> 0:23:01.600
<v Speaker 4>immediately because it was going to be so beautiful.

0:23:01.440 --> 0:23:04.560
<v Speaker 1>Right, But so price is not going down, but you're

0:23:04.600 --> 0:23:07.879
<v Speaker 1>getting less stuff from the government. Make it make sense.

0:23:08.000 --> 0:23:10.439
<v Speaker 1>But I want to pause for a minute because I

0:23:10.480 --> 0:23:13.320
<v Speaker 1>want We're going to spend two minutes talking about fifty

0:23:13.440 --> 0:23:19.679
<v Speaker 1>million dollars to Gaza for condoms, okay, because that is okay,

0:23:19.760 --> 0:23:22.639
<v Speaker 1>So that was the Elon lie. Then Donald Trump said no,

0:23:22.800 --> 0:23:26.240
<v Speaker 1>actually it's one hundred million dollars for gozzen condoms.

0:23:26.560 --> 0:23:29.480
<v Speaker 4>Like Jnald Trump discussing his penis, he doubles it at

0:23:29.560 --> 0:23:30.760
<v Speaker 4>least any number.

0:23:31.160 --> 0:23:36.280
<v Speaker 1>So fifty million dollars for condoms. The USAID, which has

0:23:36.400 --> 0:23:40.399
<v Speaker 1>now been taken apart, because why would you do a

0:23:40.480 --> 0:23:43.600
<v Speaker 1>nominal amount of money to countries we have bombed and

0:23:43.640 --> 0:23:46.639
<v Speaker 1>destroyed they don't need it and saw power what is

0:23:46.680 --> 0:23:50.440
<v Speaker 1>that usaid? Okay, condoms when they buy condoms, they are

0:23:50.640 --> 0:23:56.200
<v Speaker 1>five cents apiece. Fifty million would be one billion condoms.

0:23:56.440 --> 0:23:59.320
<v Speaker 4>Look, I don't care what level of fertility and ficundancy

0:23:59.400 --> 0:24:03.160
<v Speaker 4>your people rock in any country. Nobody's fucking that much.

0:24:03.480 --> 0:24:06.040
<v Speaker 1>Right. Well, and also let us pause for a second.

0:24:06.080 --> 0:24:09.080
<v Speaker 1>And by the way, I love Elon Musk. So Elon said,

0:24:09.240 --> 0:24:13.080
<v Speaker 1>not everything I say is going to be correct. Yeah, yeah,

0:24:13.119 --> 0:24:15.919
<v Speaker 1>but it turns out that this is not even close

0:24:15.960 --> 0:24:18.760
<v Speaker 1>to correct, right. It turns out that it was not

0:24:19.240 --> 0:24:22.240
<v Speaker 1>fifty million dollars for condoms for Gaza, but in fact,

0:24:22.280 --> 0:24:26.160
<v Speaker 1>it was going to be sixty eight million dollars from

0:24:26.280 --> 0:24:31.240
<v Speaker 1>USA to IMC, which has two field hospitals in Gaza

0:24:31.240 --> 0:24:38.680
<v Speaker 1>offering surgical care, malnutrition treatment, and emergency newborn and mother care. Okay,

0:24:38.720 --> 0:24:39.520
<v Speaker 1>so that's it, But.

0:24:39.600 --> 0:24:42.919
<v Speaker 4>Molly more importantly, the actual program that sent condoms to

0:24:42.960 --> 0:24:45.520
<v Speaker 4>Africa was part of PEPFAR, and they weren't sending that

0:24:45.560 --> 0:24:48.639
<v Speaker 4>many condoms. They were mostly sending oral contraceptives. It was

0:24:48.680 --> 0:24:52.399
<v Speaker 4>part of PEPFAR. The anti HIV program that is that

0:24:52.520 --> 0:24:56.199
<v Speaker 4>is universally considered by Republicans and Democrats alike to be

0:24:56.240 --> 0:24:58.080
<v Speaker 4>one of the best things we've ever done.

0:24:58.080 --> 0:25:03.000
<v Speaker 1>Created by George W. Famous liberal George W.

0:25:03.119 --> 0:25:06.320
<v Speaker 4>Bush, Like I said, no one left or right before

0:25:06.359 --> 0:25:08.880
<v Speaker 4>Donald Trump Will could go, oh man, let's not try

0:25:08.880 --> 0:25:11.280
<v Speaker 4>to prevent AIDS in Africa. That would be bad if

0:25:11.320 --> 0:25:11.720
<v Speaker 4>we did that.

0:25:12.000 --> 0:25:15.040
<v Speaker 1>And you know who loves this fucking program, the anti

0:25:15.160 --> 0:25:18.760
<v Speaker 1>choice zalence. They love it because it's quote unquote life right,

0:25:19.000 --> 0:25:21.520
<v Speaker 1>so they call it so they claim. So I mean, look,

0:25:21.720 --> 0:25:24.520
<v Speaker 1>you know you got a country run by a guy

0:25:24.560 --> 0:25:27.680
<v Speaker 1>who's a thrice married adulterer. He is being helped by

0:25:27.720 --> 0:25:28.680
<v Speaker 1>the richest man in the world.

0:25:28.800 --> 0:25:31.199
<v Speaker 4>A majority of the kids born by IVF, and several

0:25:31.240 --> 0:25:33.320
<v Speaker 4>of them were born by surrogates.

0:25:33.040 --> 0:25:36.280
<v Speaker 1>Right, and honestly, that's fine, except that the thing that

0:25:36.440 --> 0:25:39.440
<v Speaker 1>in Trump worlds, which I think is incredible, is that

0:25:39.720 --> 0:25:43.400
<v Speaker 1>they want to make it so that a fertilized egg

0:25:43.560 --> 0:25:45.960
<v Speaker 1>has the same rights as a person, which is going

0:25:46.280 --> 0:25:49.359
<v Speaker 1>to really mess up IVF, even if you're going to

0:25:49.440 --> 0:25:50.879
<v Speaker 1>if you're allowed to even get it.

0:25:51.160 --> 0:25:53.800
<v Speaker 4>Of course, look, and you know I'm not the first

0:25:53.800 --> 0:25:57.960
<v Speaker 4>person to make this observation, but if Barack Obama had

0:25:58.040 --> 0:26:01.280
<v Speaker 4>five kids by three different baby mamas, the Republicans would

0:26:01.280 --> 0:26:03.000
<v Speaker 4>have never stopped calling him.

0:26:02.920 --> 0:26:05.720
<v Speaker 1>The worst and had one even if he had just

0:26:05.760 --> 0:26:07.760
<v Speaker 1>been divorced. I mean, you don't even have to have

0:26:07.840 --> 0:26:09.760
<v Speaker 1>five kids. He could have just been divorced and they

0:26:09.760 --> 0:26:10.520
<v Speaker 1>would have had a fit.

0:26:11.160 --> 0:26:13.680
<v Speaker 4>Right. And if his chief advisor, who was running roughshot

0:26:13.720 --> 0:26:18.600
<v Speaker 4>through the government databasis stealing your private information, had thirteen

0:26:18.680 --> 0:26:22.320
<v Speaker 4>children by I don't know, five or seven whatever it

0:26:22.400 --> 0:26:25.520
<v Speaker 4>is baby mama's and the most recent one was a

0:26:25.640 --> 0:26:28.359
<v Speaker 4>maga influencer, which I guess would be the equivalent of

0:26:28.480 --> 0:26:31.040
<v Speaker 4>she worked at the media matters or something. Right, They

0:26:31.080 --> 0:26:34.760
<v Speaker 4>would be losing their goddamn minds over it, And yet

0:26:35.080 --> 0:26:37.960
<v Speaker 4>there is this underpinning of well, they're just it's white

0:26:37.960 --> 0:26:40.399
<v Speaker 4>replacement theory. So, you know, I mean some people, someone's

0:26:40.400 --> 0:26:41.400
<v Speaker 4>got to step up and do it.

0:26:43.080 --> 0:26:48.000
<v Speaker 1>Brohe chilbra is the former director of the Consumer Financial

0:26:48.320 --> 0:26:52.840
<v Speaker 1>Protection Bureau and previous member of the Federal Trade Commission.

0:26:53.880 --> 0:26:58.440
<v Speaker 1>Welcome to Fast Politics, Rowhead, Thanks so much, so explain

0:26:58.560 --> 0:27:05.320
<v Speaker 1>to us what the CFPB is or was.

0:27:05.960 --> 0:27:10.040
<v Speaker 5>So during the financial crisis, there was a huge realization

0:27:10.720 --> 0:27:15.520
<v Speaker 5>that there was no agency that was actually enforcing the

0:27:15.680 --> 0:27:19.560
<v Speaker 5>law when it came to predatory lending, when it came

0:27:19.680 --> 0:27:23.120
<v Speaker 5>to banking and payments. So they set up a new

0:27:23.200 --> 0:27:27.960
<v Speaker 5>agency fully responsible for making sure that people weren't cheated

0:27:28.240 --> 0:27:30.879
<v Speaker 5>when they took out a loan or got a bank account.

0:27:30.960 --> 0:27:34.560
<v Speaker 5>And over the years, the CFPP has recovered tens of

0:27:34.720 --> 0:27:39.119
<v Speaker 5>billions of dollars, going up against some of the biggest

0:27:39.280 --> 0:27:44.280
<v Speaker 5>and most powerful companies in America Wells Fargo, Navviant, JP,

0:27:44.440 --> 0:27:48.000
<v Speaker 5>Morgan Chase, and the list goes on and on. And

0:27:48.040 --> 0:27:51.080
<v Speaker 5>that money has made a big difference in so many

0:27:51.119 --> 0:27:51.919
<v Speaker 5>people's lives.

0:27:52.240 --> 0:27:55.680
<v Speaker 1>Can you explain to us for the people who are

0:27:55.720 --> 0:27:58.320
<v Speaker 1>not just completely read in on the two thousand and

0:27:58.359 --> 0:28:02.040
<v Speaker 1>eight financial crisis. I personally lived through it, so I

0:28:02.080 --> 0:28:06.159
<v Speaker 1>feel really clear on what happened, But explain what the

0:28:06.280 --> 0:28:10.919
<v Speaker 1>sort of symptoms of the problem were that caused the

0:28:11.040 --> 0:28:13.000
<v Speaker 1>CFPB to be created.

0:28:13.280 --> 0:28:17.280
<v Speaker 5>Well, people might remember that in the years leading up

0:28:17.320 --> 0:28:21.520
<v Speaker 5>to two thousand and eight, we saw an explosion of

0:28:21.920 --> 0:28:26.760
<v Speaker 5>really sketchy mortgages. They were first pedaled in places like

0:28:27.200 --> 0:28:32.119
<v Speaker 5>Nevada and Arizona and California and Florida, but it really

0:28:32.160 --> 0:28:38.120
<v Speaker 5>infected the entire country, and Wall Street was profiting even

0:28:38.520 --> 0:28:42.960
<v Speaker 5>when homeowners were set up to fail. We saw big

0:28:43.000 --> 0:28:48.160
<v Speaker 5>financial firms take big bets that ultimately made them go

0:28:48.280 --> 0:28:52.960
<v Speaker 5>belly up. The result was a lot of illegal foreclosures

0:28:53.200 --> 0:28:57.960
<v Speaker 5>in communities across the country. We lost trillions of dollars

0:28:58.000 --> 0:29:00.880
<v Speaker 5>in wealth. And you know what, people are still pretty

0:29:01.000 --> 0:29:06.360
<v Speaker 5>angry that the banks and financial companies responsible many of

0:29:06.400 --> 0:29:10.400
<v Speaker 5>them got bailed out, they got bigger, and almost no

0:29:10.760 --> 0:29:15.080
<v Speaker 5>executive went to jail. There's a lot of residual anger

0:29:15.320 --> 0:29:19.320
<v Speaker 5>about that from the families who were most deeply affected

0:29:19.760 --> 0:29:23.120
<v Speaker 5>their kids who are about to go to college. They

0:29:23.240 --> 0:29:27.560
<v Speaker 5>ended up borrowing big because their families couldn't afford it,

0:29:28.120 --> 0:29:33.120
<v Speaker 5>and the effects of that financial crisis are still being

0:29:33.200 --> 0:29:34.000
<v Speaker 5>felt today.

0:29:34.400 --> 0:29:37.880
<v Speaker 1>So when the CFPB was formed, and it was formed

0:29:37.880 --> 0:29:41.240
<v Speaker 1>by Congress, right, because that's how these things work, what

0:29:41.320 --> 0:29:45.040
<v Speaker 1>were some of the tangible things that it did, like

0:29:45.560 --> 0:29:49.200
<v Speaker 1>tell us about a lawsuit or something where pursued money

0:29:49.200 --> 0:29:50.440
<v Speaker 1>and got it back for a consumer.

0:29:50.840 --> 0:29:54.760
<v Speaker 5>Well, here's what Congress did. What they did is they

0:29:54.920 --> 0:30:00.320
<v Speaker 5>shut down an agency that was clearly failing, and they

0:30:00.440 --> 0:30:03.520
<v Speaker 5>set up a new agency that stripped a lot of

0:30:03.560 --> 0:30:08.440
<v Speaker 5>authorities that were spread across the federal government, and they

0:30:08.520 --> 0:30:11.479
<v Speaker 5>parked it in one place. And here was what was

0:30:11.600 --> 0:30:16.080
<v Speaker 5>really important about the CFPB. Instead of just looking only

0:30:16.360 --> 0:30:20.240
<v Speaker 5>at banks who are chartered by states in the federal government,

0:30:20.280 --> 0:30:23.600
<v Speaker 5>the CFPP was on the hook for looking at all

0:30:23.680 --> 0:30:28.600
<v Speaker 5>of the other financial companies too, payday lenders, the non

0:30:28.680 --> 0:30:32.400
<v Speaker 5>bank companies offering mortgages that were often at the center

0:30:32.800 --> 0:30:37.280
<v Speaker 5>of those subprime mortgages that went bad. And that's really

0:30:37.320 --> 0:30:39.000
<v Speaker 5>the bulk of the work. So if you take a

0:30:39.040 --> 0:30:42.480
<v Speaker 5>look during my time as head of the CFPB, we

0:30:42.520 --> 0:30:47.760
<v Speaker 5>recovered billions of dollars. One was Wells Fargo, who we

0:30:47.960 --> 0:30:53.760
<v Speaker 5>caught engaging in illegal auto repossessions double dipping of fees.

0:30:54.480 --> 0:30:57.520
<v Speaker 5>We just a few weeks ago, in fact, just before

0:30:57.560 --> 0:31:02.040
<v Speaker 5>Inauguration Day, found serious breakdowns a cash app, one of

0:31:02.080 --> 0:31:06.400
<v Speaker 5>the most popular payment apps for many student loan barwers.

0:31:06.440 --> 0:31:10.760
<v Speaker 5>They know the company Naviant that manages their student loans,

0:31:10.800 --> 0:31:15.960
<v Speaker 5>and we permanently ban Naviant from bidding on contracts to

0:31:16.040 --> 0:31:19.440
<v Speaker 5>manage federal student loans. And the list really goes on

0:31:19.680 --> 0:31:24.680
<v Speaker 5>and on, and there's active litigation with companies like Capital Want,

0:31:24.800 --> 0:31:29.240
<v Speaker 5>who we allege have taken billions of dollars in interest

0:31:29.320 --> 0:31:31.800
<v Speaker 5>that they should have given to sabers. So it's so

0:31:32.080 --> 0:31:35.960
<v Speaker 5>much standing up to these big companies that break the law,

0:31:36.040 --> 0:31:38.800
<v Speaker 5>and the results have been really positive.

0:31:39.040 --> 0:31:43.320
<v Speaker 1>So it sounds like this organization it's set up to

0:31:43.400 --> 0:31:47.680
<v Speaker 1>stop big companies from taking advantage of the little people.

0:31:48.160 --> 0:31:52.240
<v Speaker 5>Yeah, it's really fighting crime against consumers all over the

0:31:52.320 --> 0:31:57.400
<v Speaker 5>country and also making sure that new abuses can't spread.

0:31:57.680 --> 0:32:00.280
<v Speaker 5>I mean, we've put a lot of work into stopping

0:32:00.760 --> 0:32:03.920
<v Speaker 5>some of the worst abuses on junk fees, where you're

0:32:04.040 --> 0:32:07.520
<v Speaker 5>charged three fees instead of just one, or when it

0:32:07.560 --> 0:32:11.960
<v Speaker 5>comes to medical bills, So many Americans get these medical bills,

0:32:12.160 --> 0:32:15.880
<v Speaker 5>they're double billed, or their insurance company already paid it

0:32:15.960 --> 0:32:18.600
<v Speaker 5>and they're being asked to pay again, and they get

0:32:18.640 --> 0:32:23.520
<v Speaker 5>coerced by deck collectors who park it on their credit reports,

0:32:24.080 --> 0:32:27.000
<v Speaker 5>blocking their ability to get a loan or a job

0:32:27.240 --> 0:32:30.640
<v Speaker 5>or an apartment. So the CFPP has been trying to

0:32:30.680 --> 0:32:35.840
<v Speaker 5>stay ahead of what the next big problems are and

0:32:35.960 --> 0:32:41.640
<v Speaker 5>ultimately serving as a police force against Wall Street and

0:32:41.720 --> 0:32:44.440
<v Speaker 5>big tech companies that are breaking the law.

0:32:44.800 --> 0:32:50.080
<v Speaker 1>So now what happened to CFPP, Well.

0:32:49.880 --> 0:32:54.520
<v Speaker 5>Here's what we're hearing. What we're hearing is that the

0:32:54.640 --> 0:32:59.720
<v Speaker 5>new leadership has issued a stomp work order, in other

0:32:59.760 --> 0:33:06.000
<v Speaker 5>words words, turn off all law enforcement activity, all investigations

0:33:06.040 --> 0:33:11.400
<v Speaker 5>of consumer complaints and everything else. We're hearing that thousands

0:33:11.400 --> 0:33:15.160
<v Speaker 5>of people every day file complaints with the CFPB against

0:33:15.240 --> 0:33:19.440
<v Speaker 5>companies that maybe have mistreated them. We're hearing that that's

0:33:19.640 --> 0:33:23.880
<v Speaker 5>not necessarily working now for everybody. So it does seem

0:33:23.920 --> 0:33:28.440
<v Speaker 5>that this is part of an initiative to defund the

0:33:28.480 --> 0:33:32.720
<v Speaker 5>police that oversee some of these financial companies. And I

0:33:32.840 --> 0:33:35.560
<v Speaker 5>just think that that is going to be a recipe

0:33:35.760 --> 0:33:39.240
<v Speaker 5>for big problems not just for consumers, but for all

0:33:39.280 --> 0:33:42.600
<v Speaker 5>those companies that are following the law and are going

0:33:42.640 --> 0:33:44.400
<v Speaker 5>to need to compete with cheaters.

0:33:44.720 --> 0:33:48.520
<v Speaker 1>And didn't rous Vatt say something about CFPB.

0:33:49.080 --> 0:33:52.800
<v Speaker 5>Pi's now the head of the CFPB right, and my

0:33:53.000 --> 0:33:57.360
<v Speaker 5>understanding is that the new leadership has really stopped all

0:33:57.400 --> 0:34:00.000
<v Speaker 5>activity and has even begun to fire peace.

0:34:00.440 --> 0:34:05.520
<v Speaker 1>If you wanted to reduce government waste and fraud, right,

0:34:05.560 --> 0:34:09.000
<v Speaker 1>and you wanted to keep private sector companies from committing

0:34:09.040 --> 0:34:14.880
<v Speaker 1>fraud against taxpayers, wouldn't CFP be the Consumer Protection Fraud

0:34:14.920 --> 0:34:19.680
<v Speaker 1>Bureau be the place that you would focus, like, if

0:34:19.680 --> 0:34:22.279
<v Speaker 1>you wanted to protect taxpayers. I mean, why would you

0:34:22.840 --> 0:34:27.240
<v Speaker 1>disassemble something like this if you wanted to weed out corruption.

0:34:27.600 --> 0:34:30.560
<v Speaker 5>Well, this is what's a little bit weird, is that

0:34:30.960 --> 0:34:35.560
<v Speaker 5>there's lots of places where there are laws on the

0:34:35.600 --> 0:34:40.520
<v Speaker 5>books that don't get enforced. We actually need law enforcement

0:34:41.040 --> 0:34:46.040
<v Speaker 5>to root out fraud and abuse in our marketplaces because

0:34:46.040 --> 0:34:51.120
<v Speaker 5>it costs It costs the public billions and billions of dollars.

0:34:51.840 --> 0:34:56.799
<v Speaker 5>And I think that's everyone knows that Americans are struggling

0:34:56.880 --> 0:35:01.400
<v Speaker 5>with the cost of living a lot, housing, auto insurance,

0:35:01.840 --> 0:35:05.279
<v Speaker 5>credit card interest rates have shot through the roof, and

0:35:05.360 --> 0:35:09.560
<v Speaker 5>this is an agency that really is about saving people

0:35:09.760 --> 0:35:14.680
<v Speaker 5>money and making costs more competitive and upfront and fair.

0:35:15.000 --> 0:35:17.480
<v Speaker 5>So I'm not sure what's going on here. What I

0:35:17.600 --> 0:35:21.280
<v Speaker 5>think many businesses have reached out to me and others

0:35:21.320 --> 0:35:26.279
<v Speaker 5>have wondered, is this really about the CFPB's work to

0:35:26.400 --> 0:35:29.799
<v Speaker 5>look under the hood at the big tech companies that

0:35:29.840 --> 0:35:33.960
<v Speaker 5>are increasingly getting into banking and to payments. You may

0:35:34.040 --> 0:35:38.319
<v Speaker 5>remember Malli that Facebook wanted to create its own currency.

0:35:38.719 --> 0:35:44.200
<v Speaker 5>Google and Apple now have extremely popular payment services that

0:35:44.239 --> 0:35:47.719
<v Speaker 5>many people tap their phone with to make payments. And

0:35:47.800 --> 0:35:51.759
<v Speaker 5>also we've heard that x or Twitter has entered into

0:35:51.800 --> 0:35:55.520
<v Speaker 5>a new deal with Visa to really be trafficking more

0:35:55.560 --> 0:35:59.879
<v Speaker 5>and more of our transactions and our payments, and those

0:36:00.040 --> 0:36:03.799
<v Speaker 5>types of activities are really subject to a lot of

0:36:03.880 --> 0:36:08.840
<v Speaker 5>federal laws to make sure that consumers aren't subjected to

0:36:09.080 --> 0:36:12.600
<v Speaker 5>errors and fraud and hacks, and that certainly was a

0:36:12.680 --> 0:36:16.880
<v Speaker 5>place we needed the CFPB to look closely at given

0:36:16.960 --> 0:36:20.880
<v Speaker 5>the explosion of fraud and impersonation that was going on.

0:36:21.040 --> 0:36:24.480
<v Speaker 5>So I'm not sure exactly what's going on, but we

0:36:24.680 --> 0:36:29.359
<v Speaker 5>know that there is a lot of interest in stopping

0:36:29.440 --> 0:36:32.280
<v Speaker 5>that oversight work from these powerful firms.

0:36:32.760 --> 0:36:38.120
<v Speaker 1>Let's talk for a minute about why you think that

0:36:38.320 --> 0:36:41.279
<v Speaker 1>Trump world. I mean, Elon Musk's whole thing is he

0:36:41.360 --> 0:36:44.759
<v Speaker 1>wants to end fraud and waste. So if you want

0:36:44.760 --> 0:36:47.480
<v Speaker 1>to end fraud and waste, wouldn't this be I mean,

0:36:47.560 --> 0:36:50.560
<v Speaker 1>is this agency very expensive? Talk to me about that.

0:36:51.120 --> 0:36:56.040
<v Speaker 5>Well, it's a smaller agency than most of the agencies

0:36:56.120 --> 0:36:59.480
<v Speaker 5>people have heard of, and the amount that it has

0:37:00.080 --> 0:37:06.680
<v Speaker 5>generated in savings for consumers has far outstripped its budget.

0:37:07.000 --> 0:37:11.040
<v Speaker 5>You know, there's always room to make things work better.

0:37:11.080 --> 0:37:14.839
<v Speaker 5>When I was there, I actually eliminated a lot of

0:37:15.040 --> 0:37:20.400
<v Speaker 5>the senior positions that were created by my predecessor. We

0:37:20.520 --> 0:37:25.480
<v Speaker 5>eliminated certain activities that just weren't serving consumer as well.

0:37:25.680 --> 0:37:29.400
<v Speaker 5>But in some places we expanded. We increased the number

0:37:29.440 --> 0:37:34.400
<v Speaker 5>of people conducting investigations and helping people who had complaints.

0:37:34.680 --> 0:37:37.279
<v Speaker 5>So this is a really good bang for the buck.

0:37:37.320 --> 0:37:40.120
<v Speaker 5>And let me just be CLEARBOLLI, it's not like there's

0:37:40.200 --> 0:37:45.160
<v Speaker 5>any other regulator who's doing this. So by defunding it

0:37:45.480 --> 0:37:48.719
<v Speaker 5>or even by killing it, that's just a green light

0:37:48.960 --> 0:37:53.040
<v Speaker 5>for fraudsters. And frankly, I think it's begging for another

0:37:53.200 --> 0:37:58.120
<v Speaker 5>financial crisis that targets homeowners or borrowers or consumers at large.

0:37:58.400 --> 0:38:03.840
<v Speaker 1>Yeah, clearly, it is really important that these companies be

0:38:03.960 --> 0:38:07.960
<v Speaker 1>hold to account. What about the argument that companies want

0:38:08.120 --> 0:38:12.879
<v Speaker 1>to do that somehow they can hold themselves accountable. Talk

0:38:12.920 --> 0:38:16.240
<v Speaker 1>to us about this idea, because you know, Trump world

0:38:16.320 --> 0:38:20.719
<v Speaker 1>and Republicans more broadly hate government regulation. They tend to

0:38:20.880 --> 0:38:24.680
<v Speaker 1>feel that any kind of regulation is an attack on capitalism.

0:38:24.920 --> 0:38:26.600
<v Speaker 1>Explain to us why that's not true.

0:38:26.880 --> 0:38:30.759
<v Speaker 5>Yeah, well, here's why you need some rules. In many places.

0:38:31.000 --> 0:38:33.680
<v Speaker 5>You know, someone might argue, well, if people are getting

0:38:33.760 --> 0:38:37.799
<v Speaker 5>bad service, they can just take their business elsewhere. You know,

0:38:37.880 --> 0:38:41.840
<v Speaker 5>that's just not really true. In so much of our lives,

0:38:42.160 --> 0:38:46.320
<v Speaker 5>we don't choose to do business with big credit reporting

0:38:46.440 --> 0:38:50.839
<v Speaker 5>companies like Experience and Equifax and TransUnion. When we take

0:38:50.840 --> 0:38:54.719
<v Speaker 5>out a mortgage, we don't choose who the mortgage servicer

0:38:54.840 --> 0:38:59.200
<v Speaker 5>is who collects on our loan. So consumers are often

0:38:59.360 --> 0:39:04.280
<v Speaker 5>captive and trapped. And we've all experienced this. We've all

0:39:04.320 --> 0:39:09.120
<v Speaker 5>been in situations where big corporate monopolies have to do

0:39:09.200 --> 0:39:13.160
<v Speaker 5>business with them and nothing really polices them. And in

0:39:13.200 --> 0:39:17.719
<v Speaker 5>some cases, Molly, we may not even know when we're

0:39:17.800 --> 0:39:23.200
<v Speaker 5>being screwed over. For example, our data might be illegally

0:39:23.400 --> 0:39:29.480
<v Speaker 5>harvested from us, or the interest rate calculation is manipulated

0:39:29.800 --> 0:39:33.680
<v Speaker 5>so that we're paying more in interest or earning less

0:39:33.760 --> 0:39:37.560
<v Speaker 5>interest on our savings accounts. So I'm just not sure

0:39:38.200 --> 0:39:42.560
<v Speaker 5>that a free for all does anything except for help

0:39:42.680 --> 0:39:47.400
<v Speaker 5>those who break the law. And I honestly really sympathize

0:39:48.080 --> 0:39:51.120
<v Speaker 5>with a lot of the banks and other financial companies

0:39:51.120 --> 0:39:54.000
<v Speaker 5>that do a good job of following the law, and

0:39:54.040 --> 0:39:58.000
<v Speaker 5>they feel like chumps if the big guys are just

0:39:58.120 --> 0:40:01.640
<v Speaker 5>breaking the law with impunity and face no consequences.

0:40:02.320 --> 0:40:04.359
<v Speaker 1>Right, That's what happened in two thousand and nine.

0:40:04.600 --> 0:40:06.759
<v Speaker 5>In the lead up to two thousand and eight, we

0:40:06.880 --> 0:40:10.719
<v Speaker 5>saw this that there were so many types of companies

0:40:11.000 --> 0:40:14.520
<v Speaker 5>that were not subject to the same oversight as your

0:40:14.560 --> 0:40:18.440
<v Speaker 5>main street bank is. Some of them were very big players,

0:40:18.520 --> 0:40:23.440
<v Speaker 5>taking huge risks and making big money until it all

0:40:23.480 --> 0:40:26.640
<v Speaker 5>blew up. And that's part of what we do is

0:40:26.760 --> 0:40:30.799
<v Speaker 5>make sure that we are looking, we are monitoring what

0:40:30.920 --> 0:40:36.439
<v Speaker 5>consumers are experiencing. We're digging in to specific files where

0:40:36.440 --> 0:40:39.560
<v Speaker 5>we think there might be fraud and abuse, and then

0:40:39.600 --> 0:40:42.719
<v Speaker 5>we take companies to court when we need to. And

0:40:42.760 --> 0:40:46.960
<v Speaker 5>by the way, we're constantly at the CFPB, we were

0:40:47.000 --> 0:40:51.040
<v Speaker 5>constantly outnumbered. We'd have a couple staff members on the

0:40:51.040 --> 0:40:56.200
<v Speaker 5>CFPB side and sometimes scores of lawyers on the other.

0:40:56.600 --> 0:40:59.720
<v Speaker 5>So it is not an unfair fight. In many ways,

0:40:59.760 --> 0:41:04.200
<v Speaker 5>these big companies are much more well resourced to wage

0:41:04.280 --> 0:41:09.200
<v Speaker 5>war on When we prosecute crimes. It's an uphill battle

0:41:09.400 --> 0:41:11.600
<v Speaker 5>even when operating at full strength.

0:41:11.880 --> 0:41:16.080
<v Speaker 1>So will you explain It seems to me like Trump

0:41:16.120 --> 0:41:20.800
<v Speaker 1>World is really backing away from any kind of finding

0:41:21.000 --> 0:41:24.759
<v Speaker 1>regulation of companies at all. Largely they're trying to sort

0:41:24.800 --> 0:41:27.720
<v Speaker 1>of and you see Trump advertise that that he doesn't

0:41:27.800 --> 0:41:32.279
<v Speaker 1>want regulation. Can you explain to us what happens when

0:41:32.280 --> 0:41:34.920
<v Speaker 1>companies aren't regulated or give us a little bit of

0:41:34.960 --> 0:41:39.880
<v Speaker 1>an example of something that CFEB would take care of

0:41:40.040 --> 0:41:41.799
<v Speaker 1>that they're no longer able to take care of.

0:41:42.080 --> 0:41:44.840
<v Speaker 5>Well, here's what's interesting. I think that you've asked the

0:41:44.880 --> 0:41:49.239
<v Speaker 5>big question, what is going to happen? When I departed?

0:41:49.480 --> 0:41:52.680
<v Speaker 5>I was removed from office, you know, about ten eleven

0:41:52.800 --> 0:41:55.480
<v Speaker 5>days ago. I think I really felt that there was

0:41:55.520 --> 0:41:59.800
<v Speaker 5>a lot of work where there was real bipartisan support

0:42:00.320 --> 0:42:03.359
<v Speaker 5>that my successor could carry the torch on. I'll give

0:42:03.360 --> 0:42:07.680
<v Speaker 5>you a couple of examples Donald Trump has actually called

0:42:07.800 --> 0:42:11.239
<v Speaker 5>for a cap on credit card interest rates, where we

0:42:11.400 --> 0:42:16.560
<v Speaker 5>have seen real price gouging by the biggest credit card issuers.

0:42:17.080 --> 0:42:21.840
<v Speaker 5>There's also a serious problem with data, our most sensitive

0:42:21.920 --> 0:42:26.359
<v Speaker 5>personal data, including our financial data, being hoovered up and

0:42:26.560 --> 0:42:32.560
<v Speaker 5>sold to scammers and spy, including those overseas. We put

0:42:32.600 --> 0:42:36.759
<v Speaker 5>in we proposed rules to block some of that. There's

0:42:36.920 --> 0:42:41.359
<v Speaker 5>lots of people angry about all of the fees that

0:42:41.440 --> 0:42:45.680
<v Speaker 5>they face. Sometimes those fees are charged for services they

0:42:45.680 --> 0:42:49.720
<v Speaker 5>didn't even get or didn't want. So there's broad support

0:42:49.800 --> 0:42:53.280
<v Speaker 5>from the public for this, and the CFPB could really

0:42:53.320 --> 0:42:56.680
<v Speaker 5>carry the torch. I was really struck. A few weeks ago,

0:42:56.800 --> 0:43:02.440
<v Speaker 5>President Trump called out Jamie Diamond, Brian moynihan, the CEOs

0:43:02.520 --> 0:43:06.960
<v Speaker 5>of JP, Morgan Chase, and Bank of America, for essentially

0:43:07.120 --> 0:43:12.640
<v Speaker 5>de banking people based on their views. And the CFPB

0:43:12.840 --> 0:43:17.520
<v Speaker 5>actually put forth a proposed rule to stop de banking

0:43:17.719 --> 0:43:21.200
<v Speaker 5>based on whatever it may be, religious views or political

0:43:21.280 --> 0:43:24.799
<v Speaker 5>views that have nothing to do with holding a bank account.

0:43:24.960 --> 0:43:29.040
<v Speaker 5>So I think that is a real tension, that there

0:43:29.080 --> 0:43:34.400
<v Speaker 5>are real problems that have been identified, including by Republicans,

0:43:34.480 --> 0:43:37.600
<v Speaker 5>that the CFPB is very well equipped to fix.

0:43:38.040 --> 0:43:42.640
<v Speaker 1>Yeah, it's a mystery. Why if you care about ending corruption,

0:43:43.040 --> 0:43:47.600
<v Speaker 1>you would end a bureau which exists to protect consumers

0:43:47.680 --> 0:43:48.840
<v Speaker 1>from corruption.

0:43:49.400 --> 0:43:53.600
<v Speaker 5>Everyone knows that there has been serious breakdowns by big

0:43:53.640 --> 0:43:58.000
<v Speaker 5>financial companies. I mean, just in my lifetime, we've seen

0:43:58.040 --> 0:44:01.400
<v Speaker 5>everything from a massive savings and loan scandal to an

0:44:01.480 --> 0:44:05.760
<v Speaker 5>accounting scandal and of course a financial crisis, and even

0:44:06.080 --> 0:44:10.480
<v Speaker 5>just two years ago the failures of Silicon Valley Bank

0:44:10.800 --> 0:44:14.680
<v Speaker 5>and other big banks. So it is important that we

0:44:14.840 --> 0:44:18.520
<v Speaker 5>gotta be cops on the beat and making sure that

0:44:18.640 --> 0:44:22.520
<v Speaker 5>this doesn't ruin people's financial lives.

0:44:22.760 --> 0:44:25.480
<v Speaker 1>Yeah, thank you so much for joining us.

0:44:25.719 --> 0:44:27.200
<v Speaker 5>Thanks again, Mellie.

0:44:28.960 --> 0:44:33.120
<v Speaker 1>Moment, Rick Wilson.

0:44:33.160 --> 0:44:35.520
<v Speaker 4>Mollie johnck Fast. Are we doing fuckery?

0:44:35.920 --> 0:44:37.520
<v Speaker 1>We are doing fuckery? You ready for my.

0:44:37.719 --> 0:44:39.319
<v Speaker 4>I'll let you go, I'll let you lead off on

0:44:39.360 --> 0:44:39.920
<v Speaker 4>the fuckery.

0:44:40.239 --> 0:44:43.920
<v Speaker 1>Yes please, here's my fuckery for the day. And this

0:44:44.080 --> 0:44:46.680
<v Speaker 1>is something I want you to think about because I

0:44:46.719 --> 0:44:51.560
<v Speaker 1>think it has huge intended consequences, not unintended. So Elon

0:44:51.640 --> 0:44:54.400
<v Speaker 1>mus said he was spending the weekend working on Grock.

0:44:54.880 --> 0:44:58.880
<v Speaker 1>He has tweeted this and Grock three is so based

0:44:59.040 --> 0:45:02.880
<v Speaker 1>and then laughing emojis and basically it is what is

0:45:02.920 --> 0:45:05.600
<v Speaker 1>your opinion on the information. The information is a website.

0:45:05.640 --> 0:45:09.200
<v Speaker 1>The information, like most legacy media, is garbage. It's part

0:45:09.239 --> 0:45:13.799
<v Speaker 1>of the old Guard, filtered, biased and often serving the

0:45:13.840 --> 0:45:16.600
<v Speaker 1>interests of its funders or its editors rather than giving

0:45:16.640 --> 0:45:19.319
<v Speaker 1>you the on varnished truth. Let us open the door

0:45:19.360 --> 0:45:22.839
<v Speaker 1>to this AI. The whole idea here is that eventually

0:45:22.920 --> 0:45:26.719
<v Speaker 1>AI will you know, you will be asking questions to

0:45:26.719 --> 0:45:29.279
<v Speaker 1>your phone, and AI will be answering them, and that

0:45:29.440 --> 0:45:31.920
<v Speaker 1>will be on a broader scale. That will be everything.

0:45:32.080 --> 0:45:35.320
<v Speaker 1>So your computer will be asking another computer a question,

0:45:35.400 --> 0:45:38.120
<v Speaker 1>and AI will be the intelligence behind it. If this

0:45:38.280 --> 0:45:42.760
<v Speaker 1>intelligence believes that everything that is left leaning or even

0:45:42.920 --> 0:45:47.400
<v Speaker 1>just normal is profoundly left leaning, and everything that is

0:45:47.440 --> 0:45:52.240
<v Speaker 1>far right is actually accurate, imagine what happens next.

0:45:52.360 --> 0:45:56.359
<v Speaker 4>Oh, I can easily imagine it. And it is horrifying,

0:45:56.640 --> 0:46:01.200
<v Speaker 4>and it is terrifying. And sell your fucking toughs. Don't

0:46:01.239 --> 0:46:03.920
<v Speaker 4>pay for Twitter. I mean, look, Elon Musk is the

0:46:03.960 --> 0:46:05.680
<v Speaker 4>richest man in the world and we all know it.

0:46:05.880 --> 0:46:07.880
<v Speaker 4>But he is the richest man in the world because

0:46:07.920 --> 0:46:11.359
<v Speaker 4>the stock price of one company, Tesla Motor Cars, is

0:46:11.760 --> 0:46:16.240
<v Speaker 4>wildly disproportionate to its actual value. That is what sustains Twitter,

0:46:16.280 --> 0:46:19.320
<v Speaker 4>which has been losing money handover fists since he overpaid

0:46:19.360 --> 0:46:22.280
<v Speaker 4>by a factor of ten for it. All of this stuff, guys,

0:46:22.520 --> 0:46:25.360
<v Speaker 4>all of this You have to approach anything with AI

0:46:25.840 --> 0:46:28.640
<v Speaker 4>very judiciously and very carefully. I do think he is

0:46:28.680 --> 0:46:31.359
<v Speaker 4>trying to set up an easy to use, free AI

0:46:31.440 --> 0:46:34.920
<v Speaker 4>that will feed people based talking points and all right

0:46:34.960 --> 0:46:37.560
<v Speaker 4>talking points because that's useful to him.

0:46:37.640 --> 0:46:40.440
<v Speaker 1>Right, and also to change the narrative to make everything

0:46:40.480 --> 0:46:42.839
<v Speaker 1>all right, to make all right normal. I mean, this

0:46:42.880 --> 0:46:44.680
<v Speaker 1>is the goal here, and that's why they're going to

0:46:44.719 --> 0:46:49.279
<v Speaker 1>war with Wikipedia. That's because the goal here is to

0:46:49.400 --> 0:46:55.880
<v Speaker 1>shift the entire culture to a more apartheid South Africa state.

0:46:56.280 --> 0:46:59.200
<v Speaker 4>Well, look at this is kind of information apartheid. They're

0:46:59.239 --> 0:47:01.919
<v Speaker 4>looking to buy the people that they want to keep

0:47:02.000 --> 0:47:06.400
<v Speaker 4>in their orbit into an information ecosystem that is only

0:47:06.719 --> 0:47:09.560
<v Speaker 4>feeding them the same sort of thing in a primitive

0:47:09.560 --> 0:47:13.120
<v Speaker 4>way that Rush Limbaugh fed his talk radio audience, that

0:47:13.239 --> 0:47:17.200
<v Speaker 4>Rupert Murdoch fed the Fox TV audience, that Bright Bart

0:47:17.239 --> 0:47:20.719
<v Speaker 4>and Gateway Pundit and Alex Jones and the rest of

0:47:20.760 --> 0:47:25.680
<v Speaker 4>this vomitous slurry of right wing agit prop dipshits. It's

0:47:25.680 --> 0:47:29.360
<v Speaker 4>the natural successor to that stuff and it's grotesque, but

0:47:29.480 --> 0:47:33.640
<v Speaker 4>it's here. Rick Wilson, my jog fast as always a pleasure.

0:47:35.120 --> 0:47:39.640
<v Speaker 1>That's it for this episode of Fast Politics. Tune in

0:47:39.800 --> 0:47:45.240
<v Speaker 1>every Monday, Wednesday, Thursday and Saturday to hear the best

0:47:45.320 --> 0:47:49.600
<v Speaker 1>minds and politics make sense of all this chaos. If

0:47:49.640 --> 0:47:52.720
<v Speaker 1>you enjoy this podcast, please send it to a friend

0:47:53.160 --> 0:47:56.360
<v Speaker 1>and keep the conversation going. Thanks for listening.