1 00:00:15,840 --> 00:00:18,400 Speaker 1: Good morning, everybody, Happy Tuesday. We have an amazing show 2 00:00:18,440 --> 00:00:20,760 Speaker 1: for everybody today. Ryan Graham is the here for Chrystal Balk. Ryan, 3 00:00:20,800 --> 00:00:23,599 Speaker 1: it's great to see you, my friends. At least chrestfallen faces. No, no, 4 00:00:23,760 --> 00:00:26,160 Speaker 1: Chres fallen faces. What are you talking about? Everyone was 5 00:00:26,200 --> 00:00:27,680 Speaker 1: very excited about the Girls Show. We have to make 6 00:00:27,680 --> 00:00:29,400 Speaker 1: sure that we supplant them with the Boys Show. So 7 00:00:29,480 --> 00:00:32,080 Speaker 1: let's go ahead and get those comments as positive as 8 00:00:32,080 --> 00:00:34,720 Speaker 1: they were for the Girl Show for the Bro Show. 9 00:00:34,760 --> 00:00:36,240 Speaker 1: So we got a lot of good stuff in the 10 00:00:36,280 --> 00:00:38,919 Speaker 1: show today. We got Ukraine. We're gonna be talking about negotiations. 11 00:00:39,040 --> 00:00:42,080 Speaker 1: We got Scotus. There's two big cases the CFPB. Ryan, 12 00:00:42,120 --> 00:00:44,919 Speaker 1: you were very involved in covering that time, so we'll 13 00:00:44,960 --> 00:00:46,920 Speaker 1: talk about that. We'll also talk about student loan, which 14 00:00:46,960 --> 00:00:49,720 Speaker 1: is up before the court. Biden administration a real bind 15 00:00:49,800 --> 00:00:52,080 Speaker 1: right now because they have to both argue the pandemic 16 00:00:52,159 --> 00:00:54,280 Speaker 1: is over, but also that it's not before the court. 17 00:00:54,320 --> 00:00:58,200 Speaker 1: So that'll be fun. Fox News, Donald Trump and Ron DeSantis, 18 00:00:58,360 --> 00:01:00,960 Speaker 1: who's getting more Fox News treatment. Trump is very pissed 19 00:01:01,000 --> 00:01:03,040 Speaker 1: off at the way that Fox has been handling it 20 00:01:03,080 --> 00:01:05,679 Speaker 1: so far. I know there's a lot of interest Krystal 21 00:01:05,760 --> 00:01:07,760 Speaker 1: I had to cover this for her, the Brett Favre 22 00:01:07,840 --> 00:01:10,800 Speaker 1: case versus Pat McAfee. This guy has got to be 23 00:01:10,800 --> 00:01:14,440 Speaker 1: one of the most arrogant. I'll save my words for that, 24 00:01:14,520 --> 00:01:17,080 Speaker 1: but anyway, he officially served Pat McAfee in the case 25 00:01:17,120 --> 00:01:19,679 Speaker 1: and he's making some outrageous legal threats. I really want 26 00:01:19,720 --> 00:01:21,640 Speaker 1: to see Brett Faarr go down like this now that 27 00:01:21,680 --> 00:01:24,800 Speaker 1: he's conducting himself. And then finally, Nina Turner just absolutely 28 00:01:24,800 --> 00:01:28,120 Speaker 1: stunning a CNN panel in her comments on East Palstein. 29 00:01:28,240 --> 00:01:30,560 Speaker 1: But let's start with Ukraine. Let's go ahead and put 30 00:01:30,600 --> 00:01:33,119 Speaker 1: this up there on the screen. General Mark Milly making 31 00:01:33,160 --> 00:01:35,960 Speaker 1: some crazy comments on the one year anniversary of the 32 00:01:35,959 --> 00:01:38,920 Speaker 1: invasion of Ukraine, being the senior most military official of 33 00:01:38,959 --> 00:01:40,760 Speaker 1: the US government, saying that there is no way this 34 00:01:40,800 --> 00:01:43,679 Speaker 1: thing ends without negotiation. Let's take a listen to that. 35 00:01:44,000 --> 00:01:45,679 Speaker 1: How do we move toward an endgame? How do we 36 00:01:45,680 --> 00:01:47,680 Speaker 1: move toward a negotiated pace. I think that's up for 37 00:01:47,680 --> 00:01:50,640 Speaker 1: the Ukrainians to decide that. So what is acceptable to Ukraine, 38 00:01:50,920 --> 00:01:53,520 Speaker 1: that's territory intact. Whatever that answer is going to be. 39 00:01:53,560 --> 00:01:55,760 Speaker 1: Is it militarily possible for us to get Russians for 40 00:01:55,800 --> 00:01:57,840 Speaker 1: the Ukrainians to get every Russian troop out of their 41 00:01:57,880 --> 00:02:00,880 Speaker 1: country and Crimea. I don't think it's militarily possible for 42 00:02:00,920 --> 00:02:04,480 Speaker 1: the Russians to achieve their initial strategic objectives political objectives 43 00:02:04,480 --> 00:02:06,280 Speaker 1: by military means. I don't think that'sossible anymore. On the 44 00:02:06,280 --> 00:02:09,120 Speaker 1: flip side, the Ukrainians, I think for this year, it 45 00:02:09,160 --> 00:02:11,960 Speaker 1: would be very very difficult, not impossible, but very very 46 00:02:11,960 --> 00:02:14,800 Speaker 1: difficult for the Ukrainians to achieve their political objectives. And 47 00:02:14,840 --> 00:02:18,280 Speaker 1: their stated political objective is to for every single Russian 48 00:02:18,320 --> 00:02:20,919 Speaker 1: to leave every single inch of Ukrainian territory. I think 49 00:02:20,919 --> 00:02:22,680 Speaker 1: that's a very high bar. I think from a military 50 00:02:22,680 --> 00:02:25,760 Speaker 1: standpoint only, that would be extraordinarily difficult to achieve militarily 51 00:02:25,960 --> 00:02:29,359 Speaker 1: this year. So he's choosing his words there very carefully. Ryan, 52 00:02:29,400 --> 00:02:31,000 Speaker 1: And this actually comes on the heels of a New 53 00:02:31,080 --> 00:02:32,640 Speaker 1: York Times report. Let's go ahead and put this up 54 00:02:32,639 --> 00:02:36,200 Speaker 1: there on the screen, guys, flagged by Aaron Mante from 55 00:02:36,320 --> 00:02:38,519 Speaker 1: this report, they say quote. Around the same time, the 56 00:02:38,600 --> 00:02:40,720 Speaker 1: Chairman of the Joint Chiefs of Staff, General Mark Milly, 57 00:02:41,040 --> 00:02:44,640 Speaker 1: argued in internal meetings Ukraine was unlikely to make substantially 58 00:02:44,680 --> 00:02:48,359 Speaker 1: greater battlefield gains and should move to the bargaining table quote. 59 00:02:48,440 --> 00:02:52,280 Speaker 1: The White House quickly squelched such talk. This actually happened. 60 00:02:52,720 --> 00:02:55,120 Speaker 1: Several leaks came out from the Joint chiefs at the 61 00:02:55,160 --> 00:02:57,160 Speaker 1: time about how he was saying, Look, guys, he's like, 62 00:02:57,200 --> 00:03:00,359 Speaker 1: I understand you know all this fifty billions also have been, 63 00:03:00,480 --> 00:03:02,880 Speaker 1: as I understand it, one of the heads of leaking 64 00:03:02,960 --> 00:03:05,239 Speaker 1: to the New York Times and others the fact that 65 00:03:05,400 --> 00:03:07,880 Speaker 1: Ukrainians are very likely to expend all of their battlefield 66 00:03:07,919 --> 00:03:10,040 Speaker 1: aid by some time this summer, and that that is 67 00:03:10,120 --> 00:03:12,320 Speaker 1: very likely going to be the end of the package. 68 00:03:12,360 --> 00:03:14,119 Speaker 1: What do you make of his comments, probably the most 69 00:03:14,120 --> 00:03:17,919 Speaker 1: negotiating pro negotiating comments, ironically coming from the military. Yeah. Yeah, 70 00:03:18,320 --> 00:03:21,280 Speaker 1: it's well said that he was choosing his words wise, 71 00:03:21,520 --> 00:03:23,240 Speaker 1: and you could see that he had kind of been 72 00:03:23,320 --> 00:03:25,400 Speaker 1: kind of cracked down on a little bit. He had. 73 00:03:25,520 --> 00:03:27,800 Speaker 1: He had made some comments publicly that were similar to 74 00:03:27,800 --> 00:03:29,960 Speaker 1: those back in the fall. It's nice to see from 75 00:03:29,960 --> 00:03:32,280 Speaker 1: the New York Times that he was saying those. Internally, 76 00:03:32,520 --> 00:03:35,320 Speaker 1: not so nice to see that they're just squelching that. 77 00:03:35,560 --> 00:03:38,480 Speaker 1: Who else made comments like that at the time. Barack Obama, 78 00:03:39,000 --> 00:03:42,800 Speaker 1: if you remember, I do the Progressive Caucus came out 79 00:03:42,800 --> 00:03:46,360 Speaker 1: with that letter that they immediately said, I sorry, sorry, 80 00:03:46,400 --> 00:03:48,880 Speaker 1: did we say did we say that? No, we retracted 81 00:03:48,880 --> 00:03:52,360 Speaker 1: that letter. Yeah, Ben Rhodes uh over the world pods. 82 00:03:52,640 --> 00:03:55,520 Speaker 1: Once you have the pod save crew saying like, maybe 83 00:03:55,520 --> 00:03:58,200 Speaker 1: this is something we ought to think about, it becomes 84 00:03:58,200 --> 00:04:01,320 Speaker 1: part of the conversation, which they very quickly squelched. So 85 00:04:01,840 --> 00:04:05,160 Speaker 1: here he is back again saying like, look, and he's 86 00:04:05,200 --> 00:04:09,560 Speaker 1: setting up a real logical conundrum for people here because 87 00:04:09,640 --> 00:04:13,680 Speaker 1: the people who say, look, it's up to Ukraine and 88 00:04:14,000 --> 00:04:16,640 Speaker 1: if and it's and it's all about sovereignty and we 89 00:04:16,720 --> 00:04:20,000 Speaker 1: need to support Ukrainian sovereignty until the Ukraine says that 90 00:04:20,800 --> 00:04:23,000 Speaker 1: they have, you know, fought to every last man, woman 91 00:04:23,040 --> 00:04:28,360 Speaker 1: and child. If Millie is saying that that is not possible, 92 00:04:29,200 --> 00:04:33,000 Speaker 1: then what are you advocating for. You're advocating just to 93 00:04:33,160 --> 00:04:39,560 Speaker 1: keep arming Ukraine indefinitely, which is a forever war. And 94 00:04:39,640 --> 00:04:43,080 Speaker 1: if that's your position, then make it. Yeah, you say it, 95 00:04:43,120 --> 00:04:47,400 Speaker 1: that's fine, and maybe because of Russia's aggression, that's a 96 00:04:47,480 --> 00:04:49,400 Speaker 1: maybe that is an appropriate position. A lot of people 97 00:04:49,400 --> 00:04:51,359 Speaker 1: will take that a lot of people will take. But 98 00:04:51,480 --> 00:04:55,680 Speaker 1: take that position, say that we're in this forever now, 99 00:04:55,839 --> 00:04:59,040 Speaker 1: Millie says over the next year. But it's if you 100 00:04:59,040 --> 00:05:00,520 Speaker 1: would have pressed him on that, It's like, it's not 101 00:05:00,560 --> 00:05:04,800 Speaker 1: obvious what conditions change that makes crimea attainable right for 102 00:05:04,800 --> 00:05:08,880 Speaker 1: the Ukrainian military other than European boots in there, US 103 00:05:09,000 --> 00:05:13,120 Speaker 1: boots in there. Like we're already giving roughly what our 104 00:05:13,160 --> 00:05:17,080 Speaker 1: manufacturing capacity can send there. So it's not like we're 105 00:05:17,120 --> 00:05:21,159 Speaker 1: going to necessarily expand our manufacturing capacity just to finance 106 00:05:21,400 --> 00:05:24,520 Speaker 1: a takeover of Crimea. So that raises a real question, 107 00:05:24,560 --> 00:05:27,080 Speaker 1: what are you for at this point? Well, it's interesting 108 00:05:27,080 --> 00:05:29,160 Speaker 1: too because what you can see is that and what 109 00:05:29,200 --> 00:05:31,799 Speaker 1: we've pointed here to a lot of the show is Lucia. Remember, 110 00:05:31,880 --> 00:05:34,200 Speaker 1: you know, Ukraine is not just the West in Russia 111 00:05:34,240 --> 00:05:36,359 Speaker 1: and Ukraine, it's also a global war in terms of 112 00:05:36,360 --> 00:05:39,400 Speaker 1: the support in terms of Russia, China now coming out 113 00:05:39,440 --> 00:05:42,480 Speaker 1: with its peace nagot. What is a peace proposal which 114 00:05:42,480 --> 00:05:45,040 Speaker 1: effectively just freezes the battle lines that are in place, 115 00:05:45,120 --> 00:05:47,480 Speaker 1: Ukraine saying that's a complete non starter, the West saying 116 00:05:47,520 --> 00:05:49,760 Speaker 1: it's a joke. You know, it's supposed to help putin 117 00:05:49,880 --> 00:05:51,279 Speaker 1: But then at the same flip side of that, you 118 00:05:51,320 --> 00:05:53,960 Speaker 1: have Brazil President Lula coming here to Washington and be like, no, 119 00:05:54,040 --> 00:05:56,240 Speaker 1: I'm not going to send a single a piece of 120 00:05:56,279 --> 00:06:00,000 Speaker 1: military equipment to Ukraine India, which they talk about actually 121 00:06:00,080 --> 00:06:02,120 Speaker 1: quite a bit in the piece, is that much of 122 00:06:02,120 --> 00:06:05,719 Speaker 1: the strategic negotiation talk both Russia, Ukraine and the West 123 00:06:05,839 --> 00:06:08,159 Speaker 1: is not aimed at each other. It's aimed at the 124 00:06:08,200 --> 00:06:10,320 Speaker 1: rest of the world. Everybody wants to try and convince 125 00:06:10,360 --> 00:06:11,840 Speaker 1: the rest of the world that they're going to try 126 00:06:11,880 --> 00:06:14,039 Speaker 1: and bring this thing to the end. The Indians have 127 00:06:14,120 --> 00:06:16,440 Speaker 1: made the strategic calculus. They're like, look, as long as 128 00:06:16,440 --> 00:06:18,040 Speaker 1: we're going to get cheap oil, we're going to get it. 129 00:06:18,360 --> 00:06:21,680 Speaker 1: We don't really care what's happening here Russia. Yeah, we 130 00:06:21,680 --> 00:06:24,160 Speaker 1: would prefer that you hadn't invaded Ukraine. But if we're 131 00:06:24,160 --> 00:06:25,599 Speaker 1: going to buy it at a discount, we have one 132 00:06:25,640 --> 00:06:28,400 Speaker 1: point something billion people that we have to feed and 133 00:06:28,480 --> 00:06:31,320 Speaker 1: we have to keep going in you know, growing economy, 134 00:06:31,360 --> 00:06:33,080 Speaker 1: we're just going to take it. The Chinese, on the 135 00:06:33,120 --> 00:06:35,800 Speaker 1: other hand, are in a different conundrum. So initially they 136 00:06:35,839 --> 00:06:37,480 Speaker 1: were caught off the guard, right they were like, oh 137 00:06:37,520 --> 00:06:40,040 Speaker 1: my gosh, I can't believe that this's actually happened. Then 138 00:06:40,160 --> 00:06:43,680 Speaker 1: they were playing some rhetorical games. The saying kind of 139 00:06:43,760 --> 00:06:46,679 Speaker 1: putting Putin aside, saying that we weren't very happy about 140 00:06:46,680 --> 00:06:48,840 Speaker 1: what happened. Now you know, the US military is on 141 00:06:48,920 --> 00:06:51,120 Speaker 1: high alert, saying that it looks like lethal aid is 142 00:06:51,160 --> 00:06:53,880 Speaker 1: about to start going from Beijing to Russia, and not 143 00:06:53,920 --> 00:06:56,040 Speaker 1: only that, Russia very likely to start be getting even 144 00:06:56,080 --> 00:06:59,520 Speaker 1: more strategic purchases from Russia or start China in order 145 00:06:59,560 --> 00:07:02,440 Speaker 1: to boost the Russian economy and keep it sanctioned proof. 146 00:07:02,480 --> 00:07:05,040 Speaker 1: By all accounts, the sanctions have been a total mixed bag. Right. 147 00:07:05,040 --> 00:07:08,279 Speaker 1: The Russian economy certainly has contracted, but not even close 148 00:07:08,279 --> 00:07:10,720 Speaker 1: to the level of what we expected a financial nuclear 149 00:07:10,760 --> 00:07:13,240 Speaker 1: bomb to do to a foreign country. It's actually really 150 00:07:13,560 --> 00:07:16,080 Speaker 1: exposed what it means to have trade. And whenever you 151 00:07:16,080 --> 00:07:19,280 Speaker 1: don't have total one hundred percent control over global trade, well, 152 00:07:19,400 --> 00:07:22,640 Speaker 1: countries can't exist, especially when they have hard assets like oil. 153 00:07:22,800 --> 00:07:26,280 Speaker 1: So I think much of this general Milli is looking 154 00:07:26,320 --> 00:07:29,240 Speaker 1: at this, seeing the increase in military aid from China, 155 00:07:29,400 --> 00:07:32,040 Speaker 1: seeing the continued situation where India is going to backstop 156 00:07:32,080 --> 00:07:34,960 Speaker 1: at least some certain extent the Russian economy, and he's like, 157 00:07:35,000 --> 00:07:37,200 Speaker 1: I don't see a way that the industrial output of 158 00:07:37,240 --> 00:07:40,400 Speaker 1: Russia is going to end anytime soon. And like you said, 159 00:07:40,520 --> 00:07:42,640 Speaker 1: I don't see a way that without one hundred percent 160 00:07:42,720 --> 00:07:45,320 Speaker 1: depleting our stack piles and moving us to almost a 161 00:07:45,400 --> 00:07:48,760 Speaker 1: total war manufacturing trajectory, that we could supply them with 162 00:07:48,800 --> 00:07:50,480 Speaker 1: the sheer amount of ammunition that they need. I mean, 163 00:07:50,520 --> 00:07:52,600 Speaker 1: I don't think people really understand what it means to 164 00:07:52,680 --> 00:07:55,080 Speaker 1: eat up fifty billion dollars in weapons in just six 165 00:07:55,120 --> 00:07:58,000 Speaker 1: months by the US military's estimates. Well, how else is 166 00:07:58,040 --> 00:08:00,440 Speaker 1: this thing going to end? And there was a nice 167 00:08:00,480 --> 00:08:03,160 Speaker 1: column in the New York Times by some guest author 168 00:08:03,240 --> 00:08:07,320 Speaker 1: that made a parallel to the Korean War that I 169 00:08:07,360 --> 00:08:09,960 Speaker 1: thought was apt and something I had been thinking about previously, 170 00:08:09,960 --> 00:08:13,400 Speaker 1: in the sense that nineteen fifty one the war had 171 00:08:13,480 --> 00:08:16,240 Speaker 1: kind of reached a stalemate where they're going kind of 172 00:08:16,280 --> 00:08:20,840 Speaker 1: back and forth, and the world allowed that war to 173 00:08:20,840 --> 00:08:24,640 Speaker 1: continue for another couple of years. Stalin had his own reasons, 174 00:08:24,720 --> 00:08:27,200 Speaker 1: you know. It was he said, it was giving the 175 00:08:27,280 --> 00:08:29,640 Speaker 1: Chinese like some training and fighting, and it was draining 176 00:08:29,720 --> 00:08:31,520 Speaker 1: the West and making them look weak. It was hurting 177 00:08:31,520 --> 00:08:35,960 Speaker 1: Truman back home, which it was actually hurting Truman back home. 178 00:08:36,280 --> 00:08:39,120 Speaker 1: So let's drag this out and the US once the 179 00:08:39,200 --> 00:08:42,080 Speaker 1: US is inner war like, they're in that war, like 180 00:08:42,120 --> 00:08:44,200 Speaker 1: you really have to drag them out of there. And 181 00:08:44,280 --> 00:08:48,160 Speaker 1: so two years later it ends basically on the exact 182 00:08:48,160 --> 00:08:51,240 Speaker 1: same terms that it would have ended in nineteen fifty one, 183 00:08:51,800 --> 00:08:55,960 Speaker 1: but at the cost of tens of thousands of lives. 184 00:08:56,120 --> 00:09:01,640 Speaker 1: And so unless you can envision some path where the 185 00:09:02,480 --> 00:09:05,800 Speaker 1: world is going to look fundamentally different than it does today, 186 00:09:06,400 --> 00:09:09,600 Speaker 1: then what are you sacrificing tens of thousands or hundreds 187 00:09:09,640 --> 00:09:12,480 Speaker 1: of thousands of lives over the next several years for, 188 00:09:12,960 --> 00:09:16,000 Speaker 1: rather than, as Millie said, get lucky and touch wood. 189 00:09:16,000 --> 00:09:18,200 Speaker 1: I had never heard that phrase before. It's like, it's like, 190 00:09:18,200 --> 00:09:19,920 Speaker 1: we can get the diplomats in the wood. They can 191 00:09:20,360 --> 00:09:22,160 Speaker 1: in the room, they can touch the wood. I'm like, oh, 192 00:09:22,240 --> 00:09:24,320 Speaker 1: that's it, okay, all right, well yeah, I mean, look, 193 00:09:24,360 --> 00:09:26,560 Speaker 1: it's gonna be difficult. Unfortunately, I don't think it's possible. 194 00:09:26,559 --> 00:09:28,520 Speaker 1: I mean the Ukrainians, now, I mean, to their credit, 195 00:09:28,559 --> 00:09:30,080 Speaker 1: let's give them the credit where they do. They fought 196 00:09:30,080 --> 00:09:32,760 Speaker 1: tremendously well. They have an immense They have one of 197 00:09:32,760 --> 00:09:35,679 Speaker 1: the most homogeneous like populations that are left inside of 198 00:09:35,760 --> 00:09:38,200 Speaker 1: Ukraine who are absolutely willing to fight for every scrap, 199 00:09:38,200 --> 00:09:40,319 Speaker 1: for every ach up to them when they want to 200 00:09:40,320 --> 00:09:42,559 Speaker 1: go to the negotiation table. But as I've always said, 201 00:09:42,559 --> 00:09:44,080 Speaker 1: it's also up to us to how much we want 202 00:09:44,120 --> 00:09:46,920 Speaker 1: to backtop to what extent. Let's not forget the Ukrainian 203 00:09:46,960 --> 00:09:50,080 Speaker 1: war effort ends tomorrow without US military aid. They could 204 00:09:50,120 --> 00:09:53,000 Speaker 1: try and subsist on the European aid, but given the 205 00:09:53,000 --> 00:09:55,040 Speaker 1: sheer amount of numbers, it's not a joke. It's a 206 00:09:55,120 --> 00:09:58,360 Speaker 1: joke compared to what the US has provided them, where 207 00:09:58,520 --> 00:10:01,600 Speaker 1: basically the sole determiners of what how the conflict is 208 00:10:01,640 --> 00:10:04,480 Speaker 1: going to go. And according to the Washington Posts others 209 00:10:04,480 --> 00:10:06,920 Speaker 1: who have been getting deep leaks from inside the administration, 210 00:10:07,240 --> 00:10:09,480 Speaker 1: the word is from the Biden ad men. They're like, look, guys, 211 00:10:09,520 --> 00:10:12,240 Speaker 1: this is it. This is probably the last large age package. 212 00:10:12,280 --> 00:10:15,000 Speaker 1: I'm personally a little bit skeptical of this because I 213 00:10:15,080 --> 00:10:19,680 Speaker 1: was thinking about Afghanistan and even about Vietnam. Afghanistan, everybody 214 00:10:19,679 --> 00:10:21,840 Speaker 1: wanted to withdraw from Afghanistan. Then we did it, and 215 00:10:21,880 --> 00:10:24,800 Speaker 1: it turned out to be politically unpopular because people have 216 00:10:24,920 --> 00:10:28,200 Speaker 1: some crazy idea that withdrawing from the wars apparently they're easy. 217 00:10:28,679 --> 00:10:32,040 Speaker 1: Vietnam is a great example. Nixon was elected in nineteen 218 00:10:32,120 --> 00:10:34,760 Speaker 1: sixty eight on the pledge to try and withdraw from Vietnam. 219 00:10:34,760 --> 00:10:37,040 Speaker 1: Actually what he ends up doing is pursuing the peace 220 00:10:37,080 --> 00:10:41,280 Speaker 1: with honor two terms, a two pronged strategy actually ends 221 00:10:41,360 --> 00:10:43,720 Speaker 1: up escalating the war to try to de escalate the war. 222 00:10:44,000 --> 00:10:46,360 Speaker 1: Here's the truth, people, that was very popular. You know, 223 00:10:46,400 --> 00:10:50,120 Speaker 1: for all of the student protests over the bombing of Cambodia, 224 00:10:50,160 --> 00:10:53,240 Speaker 1: most people did want quote peace with honor without Vietnam, 225 00:10:53,320 --> 00:10:56,360 Speaker 1: even though a Saigon type exit was probably inevitable from 226 00:10:56,400 --> 00:10:58,720 Speaker 1: literally day one nineteen sixty five, one of the first 227 00:10:59,040 --> 00:11:01,959 Speaker 1: US military advice go nineties to eight, when the first 228 00:11:02,080 --> 00:11:04,000 Speaker 1: hundreds of thousands of troops go over there. I'd see 229 00:11:04,000 --> 00:11:06,720 Speaker 1: on the flip side, though it happened in July of 230 00:11:07,040 --> 00:11:11,080 Speaker 1: twenty one, was it even remotely an issue in the 231 00:11:11,120 --> 00:11:14,040 Speaker 1: twenty two mid terms? Not? And I think there's something 232 00:11:14,120 --> 00:11:18,480 Speaker 1: skeezy about even talking about war and lives lost in 233 00:11:18,559 --> 00:11:22,720 Speaker 1: those political terms. But unfortunately it is determinative of policy. 234 00:11:23,120 --> 00:11:25,720 Speaker 1: And so it is worth pointing out that you actually 235 00:11:25,800 --> 00:11:28,680 Speaker 1: can leave a twenty year war in an off year 236 00:11:29,160 --> 00:11:33,239 Speaker 1: and then and it be a debacle in the departure, 237 00:11:33,679 --> 00:11:35,360 Speaker 1: and then a year and a half later when voters 238 00:11:35,360 --> 00:11:37,160 Speaker 1: go to the polls. They're like, oh, yeah, Afghanistan that 239 00:11:37,559 --> 00:11:39,560 Speaker 1: we didn't like the way we ended, But there was 240 00:11:39,920 --> 00:11:43,120 Speaker 1: not a single person who ran on the idea that 241 00:11:43,160 --> 00:11:45,280 Speaker 1: we should actually go back into at an important point. 242 00:11:45,360 --> 00:11:47,520 Speaker 1: And actually I did a monologue at the time. People 243 00:11:47,559 --> 00:11:49,240 Speaker 1: can go back and watch it about how jero Ford's 244 00:11:49,240 --> 00:11:51,600 Speaker 1: approval rating actually went up after sygot So you know, 245 00:11:51,640 --> 00:11:53,439 Speaker 1: it's one of those where you never really known. Yeah, 246 00:11:53,840 --> 00:11:55,840 Speaker 1: but he did end up losing the elections. I don't know. 247 00:11:56,240 --> 00:11:58,959 Speaker 1: All right, let's go to the second part here. Janet Yellen, 248 00:11:59,040 --> 00:12:02,280 Speaker 1: this Treasury Secretary on the ground in Kiev yesterday with 249 00:12:02,559 --> 00:12:05,280 Speaker 1: a very important announcement I think for the future of 250 00:12:05,480 --> 00:12:07,600 Speaker 1: US aid. And if you think that the US military 251 00:12:07,640 --> 00:12:11,640 Speaker 1: aid to Ukraine anytime soon, this is probably going to 252 00:12:11,679 --> 00:12:14,160 Speaker 1: be the future battle lines of where things are. Let's 253 00:12:14,160 --> 00:12:16,719 Speaker 1: put this up there on the screen. Secretary Yellen was 254 00:12:16,800 --> 00:12:20,400 Speaker 1: already abroad attending an international conference, made a secret trip 255 00:12:20,440 --> 00:12:23,160 Speaker 1: over to Kiev. She penned a New York Times op 256 00:12:23,160 --> 00:12:25,559 Speaker 1: at here it says, quote John at Yellen and Kiev, 257 00:12:25,720 --> 00:12:28,320 Speaker 1: economic aid to Ukraine is vital. But you know what 258 00:12:28,400 --> 00:12:31,480 Speaker 1: I found more interesting, Ryan is the actual headline on 259 00:12:31,520 --> 00:12:35,880 Speaker 1: the New York Times website was Janet Yellen Colon Zelenski 260 00:12:36,040 --> 00:12:39,320 Speaker 1: is right, we must provide economic aid to Ukraine. So 261 00:12:39,320 --> 00:12:41,040 Speaker 1: they did a little bit of a change job here, 262 00:12:41,080 --> 00:12:43,920 Speaker 1: just noting that for everyone. Essentially what Janet Yalen, the 263 00:12:43,920 --> 00:12:46,400 Speaker 1: Secretary of the Treasury here is talking about. It says, 264 00:12:46,480 --> 00:12:48,240 Speaker 1: quote since the start of the full scale war, the 265 00:12:48,360 --> 00:12:52,280 Speaker 1: United States provided close to fifty billion economic security humanitarian 266 00:12:52,280 --> 00:12:55,440 Speaker 1: assistance for Ukraine. Quote. We are proud to be Ukraine's 267 00:12:55,480 --> 00:12:58,200 Speaker 1: largest bilateral donor, and just as proud to be joined 268 00:12:58,240 --> 00:13:01,720 Speaker 1: by an international coalition of supporter, including the European Union 269 00:13:01,760 --> 00:13:04,920 Speaker 1: and other members of the Group Seven. But what actually 270 00:13:04,920 --> 00:13:08,520 Speaker 1: really struck out to me was the type of economic 271 00:13:08,520 --> 00:13:11,320 Speaker 1: assistance we were providing to Ukraine. I don't think people 272 00:13:11,440 --> 00:13:14,040 Speaker 1: understand that this isn't just about the war effort. Quote. 273 00:13:14,080 --> 00:13:17,199 Speaker 1: We have helped Ukraine mount a vigorous response to assist 274 00:13:17,240 --> 00:13:19,600 Speaker 1: a million people who had to flee their homes, providing 275 00:13:19,760 --> 00:13:24,800 Speaker 1: quote social assistance, housing and utility subsidies, pension payments for 276 00:13:24,960 --> 00:13:28,840 Speaker 1: millions of vulnerable Ukrainians bearing the economic brunt of the war. 277 00:13:29,080 --> 00:13:31,880 Speaker 1: Our aid has enabled the civil service to continue to 278 00:13:31,920 --> 00:13:35,240 Speaker 1: operate the government ensuring that it remained stable. So this 279 00:13:35,440 --> 00:13:38,520 Speaker 1: kind of illustrates what I have always said about the 280 00:13:38,600 --> 00:13:41,599 Speaker 1: Ukrainian war effort, and really just about the extent to 281 00:13:41,600 --> 00:13:44,679 Speaker 1: which the US is backstopping this. The Europeans are non 282 00:13:44,720 --> 00:13:47,040 Speaker 1: existent in this type of military aid. The fifty billion 283 00:13:47,040 --> 00:13:49,200 Speaker 1: that we provided in just economic not military aid is 284 00:13:49,200 --> 00:13:52,480 Speaker 1: more than every other country combined in all aid, it 285 00:13:52,520 --> 00:13:55,400 Speaker 1: literally combined. So what does that mean for US? I 286 00:13:55,400 --> 00:13:59,000 Speaker 1: mean that means that this country, Ukraine, and look, we 287 00:13:59,000 --> 00:14:01,440 Speaker 1: can't help with fields empathy, but we are talking here 288 00:14:01,480 --> 00:14:04,120 Speaker 1: about you know, our own pension funds don't get bailed out. 289 00:14:04,200 --> 00:14:07,719 Speaker 1: We're paying the pension funds of the Ukrainian society. We're 290 00:14:07,760 --> 00:14:11,680 Speaker 1: paying their teacher salary, We're paying their social assistance, We're 291 00:14:11,679 --> 00:14:15,160 Speaker 1: paying their homes, their rent. I mean presumably in the future. 292 00:14:15,280 --> 00:14:17,760 Speaker 1: It's not like the Ukrainian government, which has already suffered 293 00:14:17,800 --> 00:14:20,920 Speaker 1: some thirty five percent drop in GDP, is ever going 294 00:14:20,960 --> 00:14:23,320 Speaker 1: to be able to pay that at least in what 295 00:14:23,520 --> 00:14:26,880 Speaker 1: next decade whenever you consider the rebuilding effort. So this 296 00:14:27,040 --> 00:14:30,360 Speaker 1: underscored actually just how much the tap is going to 297 00:14:30,400 --> 00:14:32,760 Speaker 1: have to remain on for Ukraine to be even a 298 00:14:32,800 --> 00:14:37,080 Speaker 1: semi functioning society for what the next twenty years or so, which, 299 00:14:37,200 --> 00:14:39,560 Speaker 1: by the way, it's the US taxpayer. You know, I 300 00:14:39,560 --> 00:14:42,120 Speaker 1: always say this, We literally are balancing the Ukrainian budget. 301 00:14:42,160 --> 00:14:44,560 Speaker 1: If you're one of those people that cares about balanced budgets, 302 00:14:44,600 --> 00:14:47,480 Speaker 1: like we are balancing theirs before we're balancing, you could 303 00:14:47,520 --> 00:14:50,080 Speaker 1: say they need it more. I certainly think that that's true. 304 00:14:50,160 --> 00:14:52,400 Speaker 1: But you know, we should be honest about what exactly 305 00:14:52,640 --> 00:14:55,720 Speaker 1: this entails for US. And I think because because we 306 00:14:55,800 --> 00:14:58,040 Speaker 1: haven't been in a war since World War Two that 307 00:14:58,120 --> 00:15:02,000 Speaker 1: required full scale mobilization, I think we forget as a 308 00:15:02,040 --> 00:15:07,400 Speaker 1: culture what it means to wage total war. And Jennie 309 00:15:07,400 --> 00:15:11,000 Speaker 1: Ellen is correct that if they withdrew those payments, their 310 00:15:11,040 --> 00:15:14,720 Speaker 1: war effort would collapse. Yes, if you don't have the teachers, 311 00:15:14,720 --> 00:15:17,200 Speaker 1: if you don't have the home if you don't have 312 00:15:17,240 --> 00:15:20,800 Speaker 1: the homefront, everything falls apart. And so if you're supporting 313 00:15:21,000 --> 00:15:22,720 Speaker 1: the Ukrainian war effort, you got it, you have to 314 00:15:22,920 --> 00:15:25,760 Speaker 1: you have to support that. Now, setting all this aside, 315 00:15:25,800 --> 00:15:29,080 Speaker 1: I actually have a contrarian view on this type of 316 00:15:29,240 --> 00:15:31,600 Speaker 1: US aid. I'll lay it out for you. See, if 317 00:15:31,640 --> 00:15:36,000 Speaker 1: you see if you buy this, so to me, start 318 00:15:36,000 --> 00:15:39,000 Speaker 1: with the US should not be the global empire that 319 00:15:39,040 --> 00:15:40,840 Speaker 1: it is, but it is. So we're going to start 320 00:15:40,840 --> 00:15:43,120 Speaker 1: from the assumption that it is a global empire. To 321 00:15:43,160 --> 00:15:46,040 Speaker 1: me the idea that a country like Ukraine is going 322 00:15:46,040 --> 00:15:50,560 Speaker 1: to pay back the United States misunderstands the power imbalance, 323 00:15:50,880 --> 00:15:54,280 Speaker 1: like the rest of the world is always and constantly 324 00:15:54,320 --> 00:15:57,440 Speaker 1: paying us back like we we are. We are the 325 00:15:57,560 --> 00:16:00,000 Speaker 1: richest country in the world because of our power, because 326 00:16:00,080 --> 00:16:03,280 Speaker 1: of our military and as a result, we get cheap labor. 327 00:16:03,560 --> 00:16:07,000 Speaker 1: In fact, for decades we were getting cheap software developers 328 00:16:07,240 --> 00:16:12,120 Speaker 1: in Ukraine, true specifically, and so you're and you're getting 329 00:16:12,480 --> 00:16:14,920 Speaker 1: cheap raw materials, you're getting cheap food around the world, 330 00:16:14,960 --> 00:16:18,280 Speaker 1: you're getting cheap energy supply. All of that is subsidizing 331 00:16:18,280 --> 00:16:22,560 Speaker 1: the lifestyle of the American people. And so it's kind 332 00:16:22,560 --> 00:16:25,960 Speaker 1: of off to say that this type of funding is 333 00:16:26,000 --> 00:16:30,600 Speaker 1: actually draining US coffers because it's actually filling them up, 334 00:16:30,640 --> 00:16:33,880 Speaker 1: like we're not doing this for Ukraine, and don't be 335 00:16:33,960 --> 00:16:37,080 Speaker 1: fooled by that. Well, I think that's fair. That's a 336 00:16:37,120 --> 00:16:40,200 Speaker 1: typical like kind of soft power civil society aid argument. 337 00:16:40,240 --> 00:16:42,400 Speaker 1: I think that's fine. I think my main question is, 338 00:16:42,480 --> 00:16:44,440 Speaker 1: like this is one of the most corrupt countries in 339 00:16:44,480 --> 00:16:46,920 Speaker 1: all of Europe. Are we actually paying a pensions? She 340 00:16:46,960 --> 00:16:48,800 Speaker 1: talked a lot about She talked a lot about all 341 00:16:48,840 --> 00:16:50,920 Speaker 1: the safeguards they put in place, But then if you 342 00:16:50,920 --> 00:16:52,720 Speaker 1: get to the bottom of her piece, you're like, our 343 00:16:52,760 --> 00:16:55,760 Speaker 1: safeguards are through the World Bank. Correct, because very specifically 344 00:16:55,840 --> 00:16:59,280 Speaker 1: in our law Rampaul pushed for more money for the IGS, 345 00:16:59,360 --> 00:17:04,240 Speaker 1: pushed for let's attach some actual transparency to this spending, 346 00:17:04,320 --> 00:17:08,080 Speaker 1: and Congress rejected that. So Janet Yellen had to say, well, 347 00:17:08,359 --> 00:17:10,720 Speaker 1: we're funneling the money through the World Bank, and the 348 00:17:10,760 --> 00:17:13,119 Speaker 1: World Bank is checking it, so don't worry. Last time 349 00:17:13,200 --> 00:17:17,480 Speaker 1: I checked is famelessly unscrupulous institutions never had a scandal. 350 00:17:17,520 --> 00:17:20,720 Speaker 1: It's not like they've ever misappropriated us. Oh wait, hold 351 00:17:20,760 --> 00:17:23,359 Speaker 1: on a second, And that's exactly my point, which is, look, 352 00:17:23,400 --> 00:17:26,239 Speaker 1: if this was actually paying Ukrainian teachers and pensions, I mean, 353 00:17:26,280 --> 00:17:28,200 Speaker 1: I'm still a little sketchy about that, but okay, you 354 00:17:28,240 --> 00:17:30,600 Speaker 1: know I can understand, but you know how much of 355 00:17:30,600 --> 00:17:32,360 Speaker 1: it actually is. What did we just learned? The former 356 00:17:32,400 --> 00:17:35,280 Speaker 1: Defense secretary of Ukraine just gets fired for what quadruple 357 00:17:35,400 --> 00:17:38,159 Speaker 1: charging for food? Listen, what did I just read? You 358 00:17:38,200 --> 00:17:41,959 Speaker 1: if they can't even pay their utilities, their pension bills, 359 00:17:42,119 --> 00:17:43,960 Speaker 1: you think they're buying their own food. We're the ones 360 00:17:43,960 --> 00:17:45,920 Speaker 1: who are buying the food. Aka, we're the ones who 361 00:17:45,920 --> 00:17:49,320 Speaker 1: are paying overpriced and somebody's making a profit somewhere. And 362 00:17:49,359 --> 00:17:53,640 Speaker 1: that's actually where I look at the real like crossroads 363 00:17:53,680 --> 00:17:55,920 Speaker 1: for what this will look like. We need to accept 364 00:17:55,960 --> 00:17:59,000 Speaker 1: that by being in this and if this is going 365 00:17:59,040 --> 00:18:02,280 Speaker 1: to be continued to US bipartisan policy, we're signing up 366 00:18:02,320 --> 00:18:04,919 Speaker 1: for ten I mean ten billion checks in terms of 367 00:18:04,920 --> 00:18:07,439 Speaker 1: civil society aid probably every one three four months. I 368 00:18:07,440 --> 00:18:09,520 Speaker 1: mean that seems to be what we seem to distribute 369 00:18:09,520 --> 00:18:11,960 Speaker 1: at least an economic aid. Well, all right, is it 370 00:18:12,000 --> 00:18:15,680 Speaker 1: being spent properly? No? Actually, the US Treasury Department says 371 00:18:15,720 --> 00:18:18,920 Speaker 1: they have quote no indication that any of our funds 372 00:18:18,960 --> 00:18:21,720 Speaker 1: have been misused. And then, as you said, you read 373 00:18:21,800 --> 00:18:24,040 Speaker 1: a little bit deeper and you're like, oh, well, they 374 00:18:24,040 --> 00:18:26,480 Speaker 1: have no indication because they're not checking. Well, okay, I 375 00:18:26,480 --> 00:18:28,000 Speaker 1: could say a lot of things that I have no 376 00:18:28,040 --> 00:18:30,159 Speaker 1: indication X is happening, But if I'm not looking for it, 377 00:18:30,200 --> 00:18:32,479 Speaker 1: then what do I know about whether it actually is? 378 00:18:32,640 --> 00:18:34,960 Speaker 1: And then second part here, let's put this up there 379 00:18:35,000 --> 00:18:37,040 Speaker 1: on the screen. This also just goes to show you know, 380 00:18:37,080 --> 00:18:40,359 Speaker 1: for all the Republican talk about no more aid to Ukraine, 381 00:18:40,600 --> 00:18:43,960 Speaker 1: they secretly pass an extra ten billion dollar aid package 382 00:18:44,440 --> 00:18:47,960 Speaker 1: for the second year on Friday, hours after announcing two 383 00:18:48,040 --> 00:18:51,439 Speaker 1: billion in additional military aid and a new round of 384 00:18:51,480 --> 00:18:53,880 Speaker 1: sanctions against Russia. I don't even know what those sanctions 385 00:18:54,040 --> 00:18:56,200 Speaker 1: possibly could be, but the point is is that this 386 00:18:56,320 --> 00:19:00,040 Speaker 1: extra quote ten billion dollars is being dispersed by the 387 00:19:00,280 --> 00:19:05,520 Speaker 1: World Bank Public expenditure for Administrative Capacity Endurance Program aka piece. 388 00:19:05,760 --> 00:19:07,640 Speaker 1: I can see what they did there, which they say 389 00:19:07,680 --> 00:19:10,880 Speaker 1: is quote crucial to Ukraine and to provide healthcare, education, 390 00:19:11,000 --> 00:19:14,040 Speaker 1: and emergency services to its citizens. So again we are 391 00:19:14,119 --> 00:19:18,560 Speaker 1: literally paying the Ukrainian doctors fees, medics all this. I'm 392 00:19:18,600 --> 00:19:20,440 Speaker 1: not even saying that this is bad, but I want 393 00:19:20,520 --> 00:19:23,600 Speaker 1: people to realize it's not just weapons and ammunition that 394 00:19:23,680 --> 00:19:28,080 Speaker 1: is happening here. The entire Ukrainian homefront is backstop by 395 00:19:28,080 --> 00:19:30,480 Speaker 1: the US taxpayer. And it just shows you the level 396 00:19:30,520 --> 00:19:32,879 Speaker 1: of control. You know, for all the talk of whatever 397 00:19:33,000 --> 00:19:34,919 Speaker 1: Ukraine wants, it's like, well, hold on a second, you know, 398 00:19:34,960 --> 00:19:37,640 Speaker 1: that's a little bit different from whenever you are let's 399 00:19:37,640 --> 00:19:39,960 Speaker 1: say that Ukraine is like the Soviet Union in World 400 00:19:40,000 --> 00:19:44,040 Speaker 1: War Two. Soviet Union unquestionably needed the US AID to survive, 401 00:19:44,119 --> 00:19:46,960 Speaker 1: but they had industry, they had a functioning state, they 402 00:19:46,960 --> 00:19:49,680 Speaker 1: had a society, they had millions of people willing to fight, 403 00:19:49,800 --> 00:19:52,040 Speaker 1: and so it was a real question of like their 404 00:19:52,040 --> 00:19:55,359 Speaker 1: sovereignty versus US eight here that's not even in the 405 00:19:55,440 --> 00:19:58,320 Speaker 1: question here. This is one hundred percent backstop by the 406 00:19:58,359 --> 00:20:01,120 Speaker 1: American taxpayer, which is demonst trace to you that as 407 00:20:01,160 --> 00:20:05,280 Speaker 1: a polity like Ukraine is, it doesn't exist as independent polity. 408 00:20:05,359 --> 00:20:07,160 Speaker 1: And I'm not saying on paper, Okay, I'm not saying 409 00:20:07,200 --> 00:20:09,320 Speaker 1: Ukraine is not a real country. What I'm saying is 410 00:20:09,320 --> 00:20:12,359 Speaker 1: that they don't have any self capacity whatsoever beyond the 411 00:20:12,480 --> 00:20:16,360 Speaker 1: willing to fight to actually survive. And that is a problem, 412 00:20:16,440 --> 00:20:19,080 Speaker 1: you know, if we look at it in the future. Right, 413 00:20:19,160 --> 00:20:21,600 Speaker 1: And so it goes back to what we were talking 414 00:20:21,600 --> 00:20:24,040 Speaker 1: about in the first segment there about how long you 415 00:20:24,040 --> 00:20:28,040 Speaker 1: want this to go on? Because Ukraine I think has 416 00:20:28,080 --> 00:20:31,760 Speaker 1: a tighter and more powerful national identity today than it 417 00:20:31,800 --> 00:20:34,239 Speaker 1: even did, no question one year ago. But if they 418 00:20:34,280 --> 00:20:39,520 Speaker 1: want the state capacity to actually buttress that, they either 419 00:20:39,600 --> 00:20:44,160 Speaker 1: need in the midst of the war, constant foreign support, 420 00:20:44,640 --> 00:20:45,879 Speaker 1: or they need to get to an end of the 421 00:20:45,880 --> 00:20:49,280 Speaker 1: war so that they can then reconstruct and rebuild their country. 422 00:20:49,280 --> 00:20:51,840 Speaker 1: And the sooner that happens, the sooner they get back 423 00:20:51,880 --> 00:20:54,679 Speaker 1: to a place of actual sovereignty. Because you're right, if 424 00:20:54,720 --> 00:20:56,960 Speaker 1: you want to make this argument all about sovereignty, how 425 00:20:57,040 --> 00:20:59,320 Speaker 1: much sovereignty do you have if you're one hundred percent 426 00:20:59,400 --> 00:21:04,760 Speaker 1: dependent on the whims of the American superpower of American Congress, 427 00:21:04,960 --> 00:21:07,720 Speaker 1: which you know, every other country throughout history that has 428 00:21:07,960 --> 00:21:09,720 Speaker 1: made it self dependent on the whims the United States, 429 00:21:09,800 --> 00:21:12,920 Speaker 1: other than Israel, has lived to pay that price. Yeah, 430 00:21:13,400 --> 00:21:17,600 Speaker 1: that's a fantastic point. And then finally, Hillary Clinton making 431 00:21:17,680 --> 00:21:20,719 Speaker 1: some headlines here dispensing some news as to how she 432 00:21:20,760 --> 00:21:24,880 Speaker 1: would handle this conflict, encouraging people inside of Russia please 433 00:21:25,080 --> 00:21:27,919 Speaker 1: please kill Vladimir Putin. Here's what she had to say. 434 00:21:28,200 --> 00:21:31,280 Speaker 1: The people closest to Putin, those who have to deal 435 00:21:31,320 --> 00:21:34,040 Speaker 1: with him, those who he's keeping at the end of 436 00:21:34,080 --> 00:21:39,119 Speaker 1: forty foot tables while he issues bizarre orders, they're the 437 00:21:39,160 --> 00:21:42,280 Speaker 1: ones who need to act. They need to act for 438 00:21:42,359 --> 00:21:47,080 Speaker 1: the good of Russia. They need to stop him. Is 439 00:21:47,320 --> 00:21:51,479 Speaker 1: dangerous and it's dangerous to the future of Russia. So 440 00:21:52,080 --> 00:21:55,840 Speaker 1: my hope is that the people who are watching him, 441 00:21:55,880 --> 00:21:59,600 Speaker 1: those who get close enough to see in person his 442 00:21:59,720 --> 00:22:03,760 Speaker 1: behave behavior which is so erratic that they can try 443 00:22:03,800 --> 00:22:07,639 Speaker 1: to prevent him from doing things that will not only 444 00:22:07,680 --> 00:22:13,600 Speaker 1: be tragic for Ukraine, but tragic for Russia too. This 445 00:22:13,800 --> 00:22:17,280 Speaker 1: should be stopped for Russia's sake. This is the thing 446 00:22:17,359 --> 00:22:20,360 Speaker 1: that people apparently don't know history, which is there has 447 00:22:20,480 --> 00:22:23,439 Speaker 1: never or okay, let's say maybe one time Boris Yelton, 448 00:22:23,600 --> 00:22:26,359 Speaker 1: and every other time, there has never been a Russian 449 00:22:26,440 --> 00:22:29,520 Speaker 1: leader who was deposed and more of a peacenik person 450 00:22:29,760 --> 00:22:33,280 Speaker 1: who has come into power. In fact, Khrushchev was literally 451 00:22:33,320 --> 00:22:35,840 Speaker 1: taken out of the government because they saw him as 452 00:22:35,840 --> 00:22:40,840 Speaker 1: capitulating to America during the Cuban missile crisis. Then when 453 00:22:40,880 --> 00:22:43,520 Speaker 1: you look even further, you know the people who replaced 454 00:22:43,560 --> 00:22:47,440 Speaker 1: him were hardliners, even though they knew that Krushev had 455 00:22:47,480 --> 00:22:51,399 Speaker 1: pursued diplomacy. In fact, all indications that we had is 456 00:22:51,400 --> 00:22:55,840 Speaker 1: that Putin has purged any real dissenters who believe in 457 00:22:55,920 --> 00:22:59,400 Speaker 1: better relations with the West, who believe in diplomacy, who 458 00:22:59,440 --> 00:23:02,080 Speaker 1: would prolit and the war, And even if they are 459 00:23:02,359 --> 00:23:06,399 Speaker 1: against the war. The infrastructure that remains inside the Putin 460 00:23:06,440 --> 00:23:09,639 Speaker 1: regime is one hundred percent geared towards Ukraine. I'm not 461 00:23:09,640 --> 00:23:11,560 Speaker 1: saying that he isn't a culture personality and he doesn't 462 00:23:11,600 --> 00:23:14,200 Speaker 1: have total control. But if you look at the talk 463 00:23:14,320 --> 00:23:18,400 Speaker 1: of med Medvedev, for example, this person the Russian president 464 00:23:18,640 --> 00:23:20,800 Speaker 1: at the time, the fake president while Putin was Prime 465 00:23:20,800 --> 00:23:25,200 Speaker 1: minister or whatever, he was supposedly like, oh, he speaks English, 466 00:23:25,240 --> 00:23:27,720 Speaker 1: like he's you know, he wears nice suits, Like he's 467 00:23:27,720 --> 00:23:29,719 Speaker 1: a guy who we can get along with, he speaks 468 00:23:29,720 --> 00:23:32,120 Speaker 1: our language. He's the one who's talking about dropping tactical 469 00:23:32,200 --> 00:23:34,639 Speaker 1: nuclear weapons on Ukraine. He's the one who's like, we 470 00:23:34,680 --> 00:23:36,800 Speaker 1: are now in total war with the United State. You 471 00:23:36,840 --> 00:23:39,919 Speaker 1: can't even survive in the Putin regime. By many indications, 472 00:23:39,920 --> 00:23:43,399 Speaker 1: the only controlled opposition inside of Russia are the people 473 00:23:43,400 --> 00:23:46,400 Speaker 1: who want more war, not anybody less. All the people 474 00:23:46,400 --> 00:23:48,600 Speaker 1: who want less are either in jail or they left Russia. 475 00:23:48,640 --> 00:23:51,080 Speaker 1: It's over. And so when we consider like a the 476 00:23:51,119 --> 00:23:53,879 Speaker 1: practicality of what she's saying, but b, if you do 477 00:23:54,000 --> 00:23:56,919 Speaker 1: not think that Putin and his people are not playing 478 00:23:56,920 --> 00:23:59,920 Speaker 1: this stuff on loop over and over again, the form 479 00:24:00,200 --> 00:24:03,120 Speaker 1: US Secretary of State, one of the most identifiable politicians 480 00:24:03,119 --> 00:24:06,040 Speaker 1: in the entire world. Hillary Clinton, You're crazy, you know, 481 00:24:06,040 --> 00:24:11,719 Speaker 1: by some reporting. Ryan Putin watches on loop that video 482 00:24:12,119 --> 00:24:15,520 Speaker 1: of Gaddafi getting a rod shupped of his ass and 483 00:24:15,560 --> 00:24:19,040 Speaker 1: getting killed in Benghazi, and he watches it as a reminder. 484 00:24:19,240 --> 00:24:20,800 Speaker 1: He's like, this is what they will do to you. 485 00:24:20,800 --> 00:24:22,879 Speaker 1: And I'm not saying that isn't crazy, because it definitely is. 486 00:24:23,119 --> 00:24:25,760 Speaker 1: But I mean, when you like, you got to get 487 00:24:25,760 --> 00:24:27,520 Speaker 1: inside the mind of a person like that, whenever you're 488 00:24:27,520 --> 00:24:29,520 Speaker 1: going to talk this way, Yeah, you know where else 489 00:24:29,560 --> 00:24:33,560 Speaker 1: that's relevant. Have you seen that Hillary Clinton hot Mike 490 00:24:33,640 --> 00:24:36,400 Speaker 1: clip where she's talking about Gadaffi? Oh of course, yeah, yeah, 491 00:24:36,560 --> 00:24:38,800 Speaker 1: this is famous. So you guys can google this one 492 00:24:38,840 --> 00:24:41,880 Speaker 1: up right. She says something like we came, we saw, 493 00:24:41,920 --> 00:24:45,879 Speaker 1: we killed, and just this cackle, like just like like 494 00:24:46,160 --> 00:24:50,280 Speaker 1: the sadistic giggle where you're like, okay, yeah, Gaddafi's terrible, Yes, 495 00:24:50,320 --> 00:24:53,560 Speaker 1: but that was funny. You watch that, You're like, that's funny. 496 00:24:53,600 --> 00:24:58,080 Speaker 1: It's a horrific video. And Putin also put set aside 497 00:24:58,080 --> 00:25:01,600 Speaker 1: the truth of the matter. Putin also blames Hillary Clinton 498 00:25:02,400 --> 00:25:05,919 Speaker 1: for interfering in his election. In what was at twenty fourteen, 499 00:25:06,000 --> 00:25:09,359 Speaker 1: and absolutely the US was funding NGOs that were supportive of, 500 00:25:09,800 --> 00:25:13,040 Speaker 1: you know, Putin's opposition like that. Like in fact, I'm 501 00:25:13,080 --> 00:25:15,600 Speaker 1: sure the US was doing more in the public record 502 00:25:15,720 --> 00:25:20,840 Speaker 1: to support Putin's opposition than Putin was doing to support Trump. 503 00:25:22,119 --> 00:25:24,000 Speaker 1: But that is that is a grudge that he has 504 00:25:24,040 --> 00:25:27,520 Speaker 1: held to this day. So he so he knows, and 505 00:25:27,600 --> 00:25:30,159 Speaker 1: then he tried to take her out like in twenty sixteen. 506 00:25:30,320 --> 00:25:33,840 Speaker 1: And I think you know the hack people talk about 507 00:25:33,880 --> 00:25:36,400 Speaker 1: the Facebook ads that the hack of yes, like that, Yes, 508 00:25:36,560 --> 00:25:41,359 Speaker 1: that's the move forget the Facebook ads. So you've got 509 00:25:41,359 --> 00:25:43,880 Speaker 1: her laughing about Gadaffi, You've got him watching Gadaffi on Loop. 510 00:25:43,960 --> 00:25:47,640 Speaker 1: Now you've got her on not in a phone call 511 00:25:47,720 --> 00:25:50,439 Speaker 1: or on a secure link, you know, the way that 512 00:25:50,480 --> 00:25:53,760 Speaker 1: secretaries of state used to try to overthrow other governments, 513 00:25:54,880 --> 00:25:58,080 Speaker 1: but on cable television. Saying go take this guy out. 514 00:26:00,040 --> 00:26:03,399 Speaker 1: Also goes to the problem that we have of getting 515 00:26:03,400 --> 00:26:07,480 Speaker 1: to touch Wood, as Millie said, which is that we 516 00:26:07,600 --> 00:26:12,080 Speaker 1: have convinced ourselves that Putin is a complete lunatic and psychopath, 517 00:26:12,440 --> 00:26:15,639 Speaker 1: and therefore you can't negotiate with a lunatic and a psychopath, 518 00:26:15,720 --> 00:26:19,239 Speaker 1: right therefore all you can do is war, and you know, 519 00:26:19,480 --> 00:26:22,760 Speaker 1: that type of rhetoric get you know, doesn't get you 520 00:26:22,800 --> 00:26:24,399 Speaker 1: any closer to a place where you can then sit down, 521 00:26:24,400 --> 00:26:25,920 Speaker 1: because then how do you tell the American people, Oh, 522 00:26:25,960 --> 00:26:28,040 Speaker 1: actually we've made it, We've made it. You can be 523 00:26:28,040 --> 00:26:30,240 Speaker 1: a lunatic and a psychopath and you can still you know, 524 00:26:30,280 --> 00:26:32,679 Speaker 1: you can be irrational and many I mean, invading Ukraine 525 00:26:32,720 --> 00:26:35,040 Speaker 1: was very irrational. I mean, they're definitely not work out 526 00:26:35,080 --> 00:26:36,600 Speaker 1: for him the way that he wanted to be. That 527 00:26:36,680 --> 00:26:39,320 Speaker 1: mean doesn't mean you still can't negotiate. I actually think 528 00:26:39,320 --> 00:26:41,120 Speaker 1: about I've talked with some of the people who met 529 00:26:41,160 --> 00:26:44,000 Speaker 1: with Kim Jong un and with the North Koreans. The 530 00:26:44,040 --> 00:26:46,840 Speaker 1: North Koreans are crazy, they're also very intelligent, and what 531 00:26:46,880 --> 00:26:49,080 Speaker 1: they would say is that they, you know, the negotiators, like, 532 00:26:49,119 --> 00:26:50,600 Speaker 1: you guys got to give up your nukes. They're like, yeah, 533 00:26:50,600 --> 00:26:51,879 Speaker 1: had that to work out for Gadafi, he gave it, 534 00:26:52,440 --> 00:26:54,159 Speaker 1: so just say it over and over again. And then 535 00:26:54,200 --> 00:26:55,840 Speaker 1: they're like, well, we're never going to do anything to you. 536 00:26:55,840 --> 00:26:57,600 Speaker 1: They're like, that's what Saddam Hussein thought. You guys gave 537 00:26:57,640 --> 00:26:59,080 Speaker 1: him weapons, you gave him a signed to deal with 538 00:26:59,160 --> 00:27:00,880 Speaker 1: him and then he was killed. He's like, we're never 539 00:27:00,880 --> 00:27:02,680 Speaker 1: giving these up. You know why, because it's the only 540 00:27:02,720 --> 00:27:04,879 Speaker 1: guarantee that you won't do what you've done in the 541 00:27:04,920 --> 00:27:08,320 Speaker 1: last twenty five years. You tell me, doesn't sound that 542 00:27:08,359 --> 00:27:11,040 Speaker 1: crazy to me. It is crazy. Whenever you know, you like, 543 00:27:11,320 --> 00:27:13,920 Speaker 1: use in our artillery to chop up your uncle or 544 00:27:13,920 --> 00:27:16,280 Speaker 1: feed them to dogs. Yeah, I agree, but you know, 545 00:27:16,359 --> 00:27:19,119 Speaker 1: from a pure calculus perspective, you got to try and 546 00:27:19,119 --> 00:27:21,480 Speaker 1: get yourself in the minds of these people. I wish 547 00:27:21,520 --> 00:27:24,200 Speaker 1: dictators didn't exist. I wish that he wasn't the president, 548 00:27:24,200 --> 00:27:26,080 Speaker 1: but he is the president of Russia. So you have 549 00:27:26,160 --> 00:27:28,760 Speaker 1: to take that as a reality and manage that with 550 00:27:28,920 --> 00:27:31,280 Speaker 1: your strategic balance of what you want to do and 551 00:27:31,359 --> 00:27:32,880 Speaker 1: what you don't want to do. And this is probably 552 00:27:32,880 --> 00:27:36,240 Speaker 1: the least possible, most helpful thing, and unfortunately it's a 553 00:27:36,280 --> 00:27:38,920 Speaker 1: bipartisan problem. We have Lindsay Graham saying the exact same 554 00:27:38,960 --> 00:27:41,480 Speaker 1: thing early days of the war, which we'll remember, and 555 00:27:41,520 --> 00:27:43,919 Speaker 1: of course you think that wasn't played on loop inside 556 00:27:43,920 --> 00:27:48,120 Speaker 1: of Russia. This helps absolutely nobody. So anyway, Hillary doing 557 00:27:48,119 --> 00:27:50,080 Speaker 1: her best. I just say thank god that lady was 558 00:27:50,119 --> 00:27:53,080 Speaker 1: never president of the United States. All right, let's move 559 00:27:53,119 --> 00:27:55,920 Speaker 1: on to Scotus here. So Ryan, I'm really curious what 560 00:27:55,960 --> 00:27:59,280 Speaker 1: you think of this. The Supreme Court is officially hearing 561 00:27:59,320 --> 00:28:01,560 Speaker 1: the student loan debt relief case. Let's go ahead and 562 00:28:01,560 --> 00:28:02,800 Speaker 1: put this up there on the screen, and says to 563 00:28:02,840 --> 00:28:05,760 Speaker 1: be a decent summary of what the arguments for and 564 00:28:05,880 --> 00:28:08,000 Speaker 1: against are. So, if we will return to what the 565 00:28:08,000 --> 00:28:11,040 Speaker 1: actual plan was, ten thousand dollars in federal student loan 566 00:28:11,080 --> 00:28:13,720 Speaker 1: debt is getting canceled for those making less than one 567 00:28:13,760 --> 00:28:16,280 Speaker 1: hundred and twenty five thousand or households with lessan two 568 00:28:16,320 --> 00:28:19,560 Speaker 1: hundred and fifty thousand income. Pel Grant recipients who receive 569 00:28:19,680 --> 00:28:22,480 Speaker 1: more financial need would get an additional ten thousand in debt. 570 00:28:22,720 --> 00:28:26,200 Speaker 1: Forgiven college students would qualify if their loans were dispersed 571 00:28:26,200 --> 00:28:29,000 Speaker 1: before July first of two thousand and twenty two. That 572 00:28:29,080 --> 00:28:32,560 Speaker 1: made some forty three million people eligible for the plan. 573 00:28:32,800 --> 00:28:35,000 Speaker 1: The White House is set already that twenty six million 574 00:28:35,040 --> 00:28:37,680 Speaker 1: have applied for the relief and sixteen million had already 575 00:28:37,720 --> 00:28:40,920 Speaker 1: had relief approved. Coromeggressional Budget Office that it would cost 576 00:28:41,000 --> 00:28:45,360 Speaker 1: about four hundred billion over toward thirty years. However, the 577 00:28:45,440 --> 00:28:47,920 Speaker 1: problem is is that the current case before the court 578 00:28:48,280 --> 00:28:52,320 Speaker 1: involves a student named Mayra Brown, ineligible for debt relief 579 00:28:52,360 --> 00:28:56,000 Speaker 1: because her loans are commercially held, and an additional student, 580 00:28:56,040 --> 00:28:58,680 Speaker 1: his name is Alexander Taylor, who is eligible for just 581 00:28:58,800 --> 00:29:01,520 Speaker 1: ten thousand, not the full twenty thousand, because he didn't 582 00:29:01,560 --> 00:29:05,120 Speaker 1: receive a pelgan they grant. They say the Biden administration 583 00:29:05,400 --> 00:29:09,160 Speaker 1: did not go through the proper process in enacting this plan. 584 00:29:09,480 --> 00:29:12,800 Speaker 1: A Texas judge actually ruled on behalf of the student's 585 00:29:12,880 --> 00:29:15,240 Speaker 1: rule to block the program. He said that the Biden 586 00:29:15,280 --> 00:29:19,160 Speaker 1: admin did not have clear authorization from Congress to implement 587 00:29:19,320 --> 00:29:21,960 Speaker 1: the program. Now, this goes to what the Biden administration 588 00:29:22,040 --> 00:29:24,640 Speaker 1: actually did. They use something called the Heroes Act. The 589 00:29:24,680 --> 00:29:27,640 Speaker 1: Heroes Act was passed after September eleven, two thousand and one, 590 00:29:27,880 --> 00:29:29,680 Speaker 1: which said that you were going to Initially, it was 591 00:29:29,800 --> 00:29:32,640 Speaker 1: passed keep service members from being worse off financially when 592 00:29:32,680 --> 00:29:35,840 Speaker 1: they fought in wars in Afghanistan Iraq. Reasonable Now though, 593 00:29:36,040 --> 00:29:39,480 Speaker 1: it allows the Secretary of Education to waive or modify 594 00:29:39,520 --> 00:29:42,880 Speaker 1: the terms of student loans in connection with a national emergency. 595 00:29:43,080 --> 00:29:47,200 Speaker 1: So this ties specifically to the COVID nineteen pandemic. Because 596 00:29:47,200 --> 00:29:50,760 Speaker 1: the Biden administration in court is arguing we are still 597 00:29:50,800 --> 00:29:53,760 Speaker 1: in the middle of a COVID national emergency. But the 598 00:29:53,800 --> 00:29:57,719 Speaker 1: President has said rhetorically the pandemic is over. We have rescinded. 599 00:29:57,760 --> 00:29:59,800 Speaker 1: As I understand the title forty two, what was happening 600 00:29:59,800 --> 00:30:02,040 Speaker 1: down at the border. We're using COVID as a pretext 601 00:30:02,160 --> 00:30:04,360 Speaker 1: to expel migrants. We have a new effectively remain in 602 00:30:04,400 --> 00:30:07,840 Speaker 1: Mexico policy that is in effect, so in many legal 603 00:30:07,880 --> 00:30:13,320 Speaker 1: grounds ryan from eviction moratoriums to the border, the Biden 604 00:30:13,320 --> 00:30:15,280 Speaker 1: adminstration is no longer trying to argue that COVID is 605 00:30:15,280 --> 00:30:18,360 Speaker 1: a national emergency. But in a case of student loan relief, 606 00:30:18,600 --> 00:30:20,560 Speaker 1: they are saying it's a national emergency. And I saw 607 00:30:20,560 --> 00:30:24,080 Speaker 1: the Secretary of Education this morning on television was asked, 608 00:30:24,120 --> 00:30:26,520 Speaker 1: how can are you really saying that it's a national 609 00:30:26,560 --> 00:30:29,600 Speaker 1: emergency in court and not a national emergency to the 610 00:30:29,600 --> 00:30:31,640 Speaker 1: American people. He said, yes, that's what we were saying. 611 00:30:32,000 --> 00:30:34,840 Speaker 1: I said, well, that's going to be interesting before the court. 612 00:30:34,880 --> 00:30:37,360 Speaker 1: They also have an They also have an add on argument, 613 00:30:37,440 --> 00:30:41,160 Speaker 1: which which I think is fair, which says that the 614 00:30:41,320 --> 00:30:46,400 Speaker 1: student loan crisis was badly exacerbated by the pandemic. So 615 00:30:46,560 --> 00:30:51,360 Speaker 1: even if you stipulate, yes, that legally and actually the 616 00:30:51,400 --> 00:30:54,040 Speaker 1: pandemic is over, let's just sipulate for the for the 617 00:30:54,320 --> 00:30:58,800 Speaker 1: for the for the argument's sake, the crisis still happened 618 00:30:58,840 --> 00:31:02,640 Speaker 1: because of that, and the law allows us to respond 619 00:31:02,640 --> 00:31:05,560 Speaker 1: to a crisis that happened during UH during that time, 620 00:31:06,040 --> 00:31:09,680 Speaker 1: and because of the pause, and because of the economic 621 00:31:09,760 --> 00:31:12,280 Speaker 1: the pause and loan repays, and because of the economic 622 00:31:12,320 --> 00:31:14,720 Speaker 1: shock that came from the pandemic, so many people losing 623 00:31:14,800 --> 00:31:18,800 Speaker 1: losing their jobs, that you could say that there are 624 00:31:18,920 --> 00:31:21,920 Speaker 1: many people who desperately need this, and I think that's 625 00:31:21,960 --> 00:31:24,760 Speaker 1: actually true. I don't think that that's kind of playing 626 00:31:24,800 --> 00:31:27,720 Speaker 1: games with stuff, because you have so many people who 627 00:31:27,840 --> 00:31:31,520 Speaker 1: are now used to not making that three to six 628 00:31:31,600 --> 00:31:34,200 Speaker 1: hundred dollars payment, which they kept extending and extending right 629 00:31:34,400 --> 00:31:37,760 Speaker 1: twenty months, their balance if they had continued paying over 630 00:31:37,800 --> 00:31:40,760 Speaker 1: the last three years would be substantially lower even though 631 00:31:40,960 --> 00:31:44,360 Speaker 1: they got they got a pause on interest rates than 632 00:31:44,400 --> 00:31:46,640 Speaker 1: it is now. So now all of a sudden, if 633 00:31:46,640 --> 00:31:50,760 Speaker 1: the court rules, you know, with these with these angry borrowers, 634 00:31:51,480 --> 00:31:52,760 Speaker 1: you now are going to all of a sudden have 635 00:31:52,760 --> 00:31:54,640 Speaker 1: to start paying this money now. I actually don't think 636 00:31:54,640 --> 00:31:57,320 Speaker 1: they will. I think Biden would just keep indefinitely pausing 637 00:31:57,360 --> 00:31:59,680 Speaker 1: it for everybody, which is hilarious, Like, wait a minute, 638 00:32:00,080 --> 00:32:02,600 Speaker 1: so you can't cancel ten thousand, but you can extend it. 639 00:32:02,800 --> 00:32:07,440 Speaker 1: You can basically cancel all of it forever. Okay, that's weird. 640 00:32:07,880 --> 00:32:11,160 Speaker 1: So I think that making that case that, look, this 641 00:32:11,320 --> 00:32:14,200 Speaker 1: was a crisis created by the pandemic, should allow you 642 00:32:14,240 --> 00:32:17,440 Speaker 1: to use the law around the pandemic. So that's if 643 00:32:17,440 --> 00:32:20,120 Speaker 1: I were, and I've heard them make versions of that argument. 644 00:32:20,160 --> 00:32:22,719 Speaker 1: We'll see. It's going to be this morning, right, so 645 00:32:23,360 --> 00:32:24,920 Speaker 1: we'll see how that goes. Yeah, just a couple of 646 00:32:25,000 --> 00:32:26,560 Speaker 1: hours from where we're actually not that far from. We're 647 00:32:26,600 --> 00:32:28,400 Speaker 1: filming right now. And one of the things that the 648 00:32:28,560 --> 00:32:30,600 Speaker 1: justices are expected to focus on a couple of things. 649 00:32:30,720 --> 00:32:33,520 Speaker 1: Number one is whether the States and the borrowers even 650 00:32:33,560 --> 00:32:35,960 Speaker 1: have a right sue over the plan in the first place. 651 00:32:36,160 --> 00:32:38,200 Speaker 1: This is called standing. If they don't, then they can 652 00:32:38,240 --> 00:32:40,040 Speaker 1: just say, you don't have standing to sue for us 653 00:32:40,200 --> 00:32:42,640 Speaker 1: before the Supreme Court, so ergo, the decision stands, and 654 00:32:42,720 --> 00:32:45,040 Speaker 1: the plan can go ahead. The other thing that what 655 00:32:45,080 --> 00:32:47,080 Speaker 1: they have to prove is that the States and the 656 00:32:47,080 --> 00:32:50,440 Speaker 1: borrowers have to show that they are financially harmed by 657 00:32:50,480 --> 00:32:52,800 Speaker 1: the plan. I mean, on the borrowers part, that's not 658 00:32:52,840 --> 00:32:54,680 Speaker 1: hard to imagine, but on the States parts that are 659 00:32:54,760 --> 00:32:57,720 Speaker 1: joining the suit, that might be. And then otherwise they 660 00:32:57,720 --> 00:33:00,320 Speaker 1: are also going to question exactly whether the Heroes Act 661 00:33:00,520 --> 00:33:02,760 Speaker 1: even gives a Biden ad been the power to enact 662 00:33:02,880 --> 00:33:05,080 Speaker 1: the plan. Now, look, a lot of this is partisan too, 663 00:33:05,360 --> 00:33:07,840 Speaker 1: and I would say, based on from what I've people 664 00:33:07,840 --> 00:33:09,720 Speaker 1: I've talked to, Kavanaugh is going to be one of 665 00:33:09,760 --> 00:33:12,240 Speaker 1: the swinger votes. And that's why because if we go 666 00:33:12,320 --> 00:33:15,240 Speaker 1: back to the original eviction moratorium, the fiction moretorum was 667 00:33:15,320 --> 00:33:19,080 Speaker 1: challenged before the Spree Court, Kavanaugh said, look, legally, I 668 00:33:19,120 --> 00:33:22,000 Speaker 1: don't think you guys have standing or I don't think 669 00:33:22,040 --> 00:33:24,960 Speaker 1: you guys have a foot to stand on. That said, 670 00:33:25,280 --> 00:33:27,440 Speaker 1: from what I have looked at, we still have a 671 00:33:27,440 --> 00:33:29,840 Speaker 1: COVID emergency. I don't want to kick people out of 672 00:33:29,840 --> 00:33:33,080 Speaker 1: their homes. So I'm going to punt it to you, Congress, 673 00:33:33,160 --> 00:33:36,240 Speaker 1: you have sixty days to extend the eviction mortorium. The 674 00:33:36,240 --> 00:33:38,760 Speaker 1: Biden administration doesn't do it, Congress doesn't do it, and 675 00:33:38,800 --> 00:33:40,880 Speaker 1: then ends up before the stream Supreme Court again, and 676 00:33:40,920 --> 00:33:42,640 Speaker 1: he's like, look, I told you you had sixty days. 677 00:33:42,680 --> 00:33:44,719 Speaker 1: You don't have sixty days anymore. And this came all 678 00:33:44,800 --> 00:33:47,600 Speaker 1: the way down to the National Emergency Declaration. So one 679 00:33:47,640 --> 00:33:49,200 Speaker 1: of the reasons why I think it will be very 680 00:33:49,200 --> 00:33:52,400 Speaker 1: important and likely it's very likely to get struck down 681 00:33:52,600 --> 00:33:55,280 Speaker 1: at the court, possibly not even just sixty three, it 682 00:33:55,280 --> 00:33:57,640 Speaker 1: could even be seven to two. From what I understand 683 00:33:57,760 --> 00:34:00,760 Speaker 1: is that national the student Loan one, this specifically is 684 00:34:00,760 --> 00:34:03,280 Speaker 1: going to rest on the National Emergency Declaration and the 685 00:34:03,320 --> 00:34:06,320 Speaker 1: ability to use the Heroes Act with COVID as a pretext. 686 00:34:06,320 --> 00:34:08,320 Speaker 1: And you know, irony is Ryan is I understand it. 687 00:34:08,360 --> 00:34:10,560 Speaker 1: They had a much easier way to cancel all this debt. 688 00:34:10,600 --> 00:34:13,000 Speaker 1: Nobody asked them to go through the Heroes Act. There's 689 00:34:13,000 --> 00:34:15,239 Speaker 1: no reason why they had to. It's probably the most 690 00:34:15,280 --> 00:34:18,080 Speaker 1: legally precarious out of all of them that they chose. Right, 691 00:34:18,239 --> 00:34:20,200 Speaker 1: they could have used the Higher Education Act, which has 692 00:34:20,239 --> 00:34:22,680 Speaker 1: some provisions that would that give the Education Department a 693 00:34:22,760 --> 00:34:26,240 Speaker 1: lot more a lot more flexibility, which is what Trump used, 694 00:34:26,520 --> 00:34:29,360 Speaker 1: you know, in the very early stages to pause this 695 00:34:29,480 --> 00:34:32,440 Speaker 1: before they you know, enacted, you know, before they amended 696 00:34:32,480 --> 00:34:37,640 Speaker 1: the Heroes legislation. So one possibility could be that the 697 00:34:37,680 --> 00:34:41,719 Speaker 1: Supreme Court could use the Higher Education Act to legalize it. Yes, 698 00:34:41,760 --> 00:34:43,880 Speaker 1: like you don't have like you don't have to rely 699 00:34:43,960 --> 00:34:48,680 Speaker 1: on the reasoning of the litigants in your ruling. You're 700 00:34:48,719 --> 00:34:51,520 Speaker 1: the Supreme Court. You can stremely do whatever you wants. 701 00:34:51,640 --> 00:34:54,719 Speaker 1: John Roberts showed that with the Affordable Care Act. Remember 702 00:34:54,760 --> 00:34:56,839 Speaker 1: they said this is this is a mandate. Is, well, 703 00:34:56,840 --> 00:34:59,600 Speaker 1: you can't do a mandate and robertsonill, actually it's not 704 00:34:59,600 --> 00:35:03,520 Speaker 1: a mandate. His attacks and so he rewrote the reasoning 705 00:35:03,600 --> 00:35:07,640 Speaker 1: for the law to then legalize it constitutionally. And so 706 00:35:08,160 --> 00:35:10,840 Speaker 1: they could do that. And so it'll be interesting to 707 00:35:10,880 --> 00:35:13,319 Speaker 1: watch to see if the Solicitor General for the White 708 00:35:13,320 --> 00:35:16,239 Speaker 1: House says, even if you don't believe any of this 709 00:35:16,320 --> 00:35:20,400 Speaker 1: Hero's Act justification, but you want to protect this, should 710 00:35:20,440 --> 00:35:23,279 Speaker 1: do you? Should? You know, here's another argument that you 711 00:35:23,320 --> 00:35:25,960 Speaker 1: could use if you chose to. I also think the 712 00:35:26,000 --> 00:35:29,480 Speaker 1: standing is interesting, but it's shot through with a lot 713 00:35:29,480 --> 00:35:34,040 Speaker 1: of politics. It's hard to see how these students are 714 00:35:34,120 --> 00:35:38,000 Speaker 1: being harmed because they're paying. They're paying, no matter what, 715 00:35:38,200 --> 00:35:42,560 Speaker 1: Like not being part of a program is definitely not 716 00:35:43,120 --> 00:35:47,920 Speaker 1: harm like if and so it may be sad, Like you, 717 00:35:48,400 --> 00:35:51,080 Speaker 1: I feel bad that you didn't qualify for this thing. 718 00:35:51,320 --> 00:35:54,239 Speaker 1: That's unfortunate, but it doesn't make you worse off than 719 00:35:54,280 --> 00:35:57,160 Speaker 1: you currently are. I'm not sure, because the problem was 720 00:35:57,200 --> 00:35:58,799 Speaker 1: is that there were all these suits and the one 721 00:35:58,880 --> 00:36:02,120 Speaker 1: suit that I clearly people being harmed or who debt servicers, 722 00:36:03,280 --> 00:36:06,799 Speaker 1: like the people who literally are payment collectors, they are 723 00:36:06,880 --> 00:36:09,440 Speaker 1: materially being harmed. They actually could argue that, as I 724 00:36:09,520 --> 00:36:12,279 Speaker 1: understand that that case didn't end up moving forward, they 725 00:36:12,520 --> 00:36:14,919 Speaker 1: the challenger stuff this would be the best way to 726 00:36:14,920 --> 00:36:18,320 Speaker 1: strike the most sympathetic, not the most sympathic. Certainly. That said, 727 00:36:18,440 --> 00:36:20,160 Speaker 1: as I from what I have heard, I could be 728 00:36:20,200 --> 00:36:22,760 Speaker 1: completely wrong. Some of the court watchers I know they 729 00:36:22,800 --> 00:36:24,719 Speaker 1: think this is a clean sweep at court and that 730 00:36:24,760 --> 00:36:26,719 Speaker 1: this thing is going to be struck down. And the 731 00:36:26,800 --> 00:36:29,160 Speaker 1: real reason that's a mess is if they've already distributed 732 00:36:29,200 --> 00:36:32,359 Speaker 1: sixteen million dollars or sixteen million people relief, I don't 733 00:36:32,360 --> 00:36:34,239 Speaker 1: know how you claw that back. That's I think you're 734 00:36:34,280 --> 00:36:38,520 Speaker 1: just positive that is an administrative nightmare to literally clawback 735 00:36:38,760 --> 00:36:41,040 Speaker 1: people's relief after they've already given it out the door. 736 00:36:41,680 --> 00:36:44,600 Speaker 1: Just get ready for some of the worst government stories 737 00:36:44,640 --> 00:36:46,479 Speaker 1: of all time. Let's go to the second part here. 738 00:36:46,800 --> 00:36:48,759 Speaker 1: You are very familiar with this, and I want you 739 00:36:48,800 --> 00:36:50,080 Speaker 1: to set it up. So put it up there on 740 00:36:50,120 --> 00:36:55,360 Speaker 1: the screen. The constitutionality of the CFPB, the Consumer Financial 741 00:36:55,400 --> 00:36:58,719 Speaker 1: Protection Bureau, is currently up before the court. So can 742 00:36:58,760 --> 00:37:02,480 Speaker 1: you explain this to us for for the lay person, 743 00:37:02,800 --> 00:37:04,600 Speaker 1: even I barely understand it. Ye. Has something to do 744 00:37:04,640 --> 00:37:07,920 Speaker 1: with Congress and funding and an independent agent. Yeah. All 745 00:37:07,920 --> 00:37:10,600 Speaker 1: the articles refer to this as Elizabeth Warren's baby, but 746 00:37:10,880 --> 00:37:13,640 Speaker 1: I spent so much time covering it that it's actually good, 747 00:37:14,920 --> 00:37:17,920 Speaker 1: my god baby. Okay, So yeah, I covered this every 748 00:37:18,000 --> 00:37:19,800 Speaker 1: day for a couple of years while Warren was pushing 749 00:37:19,800 --> 00:37:22,760 Speaker 1: it through the House and the Senate in two thousand 750 00:37:22,760 --> 00:37:26,320 Speaker 1: and nine and twenty ten, and the big, the huge 751 00:37:26,320 --> 00:37:28,719 Speaker 1: fights were over how it would be constructed. And there 752 00:37:28,719 --> 00:37:32,040 Speaker 1: were two key questions. One which has been litigated and 753 00:37:32,239 --> 00:37:35,360 Speaker 1: they have successfully won, was would it be a commission 754 00:37:36,280 --> 00:37:39,239 Speaker 1: where you get two Republicans, three Democrats, three demopras right 755 00:37:39,320 --> 00:37:41,840 Speaker 1: like the FBC the FCC, or would would be a 756 00:37:41,880 --> 00:37:45,919 Speaker 1: single director. The Progressives fought for a single director because 757 00:37:45,920 --> 00:37:47,480 Speaker 1: it's if you have a single director, it's going to 758 00:37:47,520 --> 00:37:49,839 Speaker 1: be much tougher. The banks wanted a commission that they 759 00:37:49,840 --> 00:37:51,920 Speaker 1: could then capture. Yep, because like they've done with all 760 00:37:51,960 --> 00:37:55,239 Speaker 1: the other ones that they litigated that they lost. So 761 00:37:55,320 --> 00:37:59,359 Speaker 1: now the other major fight was the funding stream. Republicans 762 00:37:59,560 --> 00:38:02,880 Speaker 1: wanted it funded in an annual appropriations way. It's like 763 00:38:02,920 --> 00:38:06,000 Speaker 1: a normal like the Department of Defense, right and right. 764 00:38:06,040 --> 00:38:10,200 Speaker 1: So that way, if the Republicans control or or if 765 00:38:10,239 --> 00:38:14,480 Speaker 1: a bank bank friendly democrat controls the Financial you know, 766 00:38:14,520 --> 00:38:16,959 Speaker 1: the Bank Banking Committee over the Senate, they can write 767 00:38:16,960 --> 00:38:19,760 Speaker 1: to the CFPB and say, you know, we're not giving 768 00:38:19,800 --> 00:38:22,920 Speaker 1: you funding until you change this rule, until you do 769 00:38:23,040 --> 00:38:27,040 Speaker 1: this thing. And that is part of the process of 770 00:38:27,280 --> 00:38:30,680 Speaker 1: corporate capture of our regulatory institutions. And so they came 771 00:38:30,760 --> 00:38:34,160 Speaker 1: up with this. They call it unique if it's exactly unique, 772 00:38:34,160 --> 00:38:37,880 Speaker 1: but it kind of is this structure where the money 773 00:38:38,320 --> 00:38:41,160 Speaker 1: is sent to the Federal Reserve for the Federal reserves 774 00:38:41,239 --> 00:38:46,240 Speaker 1: operating expenses, and then the Federal Reserve can then funds 775 00:38:46,320 --> 00:38:50,400 Speaker 1: the CFPB with no more than twelve percent of the 776 00:38:50,440 --> 00:38:53,319 Speaker 1: Federal reserves operating but and their earnings or something that 777 00:38:53,480 --> 00:38:56,080 Speaker 1: I don't really it's yeah, it's yeah. And now the 778 00:38:56,160 --> 00:39:00,000 Speaker 1: argument for why it's constitutional is that the Congress approb 779 00:39:00,080 --> 00:39:02,840 Speaker 1: rates some money for the Federal Reserves operating budget. It 780 00:39:04,280 --> 00:39:08,320 Speaker 1: appropriates the money for Social Security for Medicare, that doesn't 781 00:39:08,320 --> 00:39:11,360 Speaker 1: do it in an annual way, and that the Fed 782 00:39:11,520 --> 00:39:15,280 Speaker 1: could not produce from thin air this type of funding. 783 00:39:15,440 --> 00:39:18,080 Speaker 1: But as long as it's authorized by statute by Congress, 784 00:39:18,520 --> 00:39:20,560 Speaker 1: and if Congress doesn't like it, they can change it. 785 00:39:20,960 --> 00:39:25,040 Speaker 1: And there have been efforts in the past by Republicans 786 00:39:25,080 --> 00:39:27,279 Speaker 1: to when there's like a cr going through in the 787 00:39:27,360 --> 00:39:31,160 Speaker 1: early days it's to change the structure of the way 788 00:39:31,200 --> 00:39:35,360 Speaker 1: that the CFPV is funded, and those those failed. But 789 00:39:36,040 --> 00:39:39,279 Speaker 1: if you're Kavanaugh and you're going to be consistent, you 790 00:39:39,280 --> 00:39:42,879 Speaker 1: should say, look, Congress, if you don't like this, why 791 00:39:42,880 --> 00:39:46,080 Speaker 1: are you complaining to us about it. You wrote this law, 792 00:39:46,520 --> 00:39:50,239 Speaker 1: you don't like it, go change the law. And Democrats 793 00:39:50,280 --> 00:39:52,520 Speaker 1: are so sick of hearing that from the Supreme Court 794 00:39:53,560 --> 00:39:55,719 Speaker 1: that was the Clean Air Act, Like you want to 795 00:39:55,760 --> 00:39:59,120 Speaker 1: add carbon to this, go ahead and add carbon. Nothing's 796 00:39:59,120 --> 00:40:01,560 Speaker 1: stopping you. And so you could make the exact same 797 00:40:01,680 --> 00:40:05,560 Speaker 1: argument to the to Republicans here saying, look, you don't 798 00:40:05,640 --> 00:40:08,839 Speaker 1: like it, win some elections, change it. But as of now, 799 00:40:09,239 --> 00:40:12,320 Speaker 1: the statute is very clear and Congress wrote the statute. 800 00:40:12,320 --> 00:40:15,359 Speaker 1: It's not like the administrative state wrote this statute so 801 00:40:15,600 --> 00:40:18,040 Speaker 1: that I think that's why only this one judge on 802 00:40:18,080 --> 00:40:21,560 Speaker 1: the Fifth Circuit has ruled that this is that this 803 00:40:21,640 --> 00:40:26,560 Speaker 1: is an unconstitutional funding structure. Like everybody like from the 804 00:40:27,800 --> 00:40:31,520 Speaker 1: I don't want to like middle right over. It's like 805 00:40:31,520 --> 00:40:33,920 Speaker 1: like you have to be way way fifth Circuit. You 806 00:40:33,960 --> 00:40:35,840 Speaker 1: have to be like a radical on the Fifth Circuit, 807 00:40:35,960 --> 00:40:38,920 Speaker 1: where other Fifth Circuit Republicans are like, whoa, that guy's out. 808 00:40:39,000 --> 00:40:41,319 Speaker 1: But that doesn't mean, though that it won't still get strung. 809 00:40:41,640 --> 00:40:45,880 Speaker 1: It doesn't. It doesn't. It seems like from the conventional 810 00:40:45,880 --> 00:40:48,239 Speaker 1: wisdom seems to be that it'll be fine, okay, that 811 00:40:49,000 --> 00:40:51,640 Speaker 1: they're going to screen because David Dan a little bit 812 00:40:51,680 --> 00:40:54,120 Speaker 1: of this, and he says the conservative legal strategy to 813 00:40:54,200 --> 00:40:56,839 Speaker 1: kneecap the administrative to state continues yesterday with the ruling 814 00:40:56,880 --> 00:40:58,920 Speaker 1: that calls in the question the operation of the CFPB. 815 00:40:59,440 --> 00:41:02,560 Speaker 1: If ultimate successful, the ruling would lead to significant collateral 816 00:41:02,640 --> 00:41:06,040 Speaker 1: damage that destroyers of consumer protection haven't throught through. The 817 00:41:06,120 --> 00:41:09,919 Speaker 1: case found that the funding mechanism CFPB unconstitutional would throw 818 00:41:10,000 --> 00:41:13,480 Speaker 1: all consumer financial markets into upheaval because it would potentially 819 00:41:13,560 --> 00:41:16,480 Speaker 1: toss aside every agency and federal program that is not 820 00:41:16,600 --> 00:41:22,080 Speaker 1: funded directly through discretionary congressional appropriation, threatening healthcare, retirement, security, 821 00:41:22,080 --> 00:41:24,719 Speaker 1: food and drug safety, all kinds of other actions. So 822 00:41:24,719 --> 00:41:26,800 Speaker 1: what he's getting to is that the way that agencies 823 00:41:26,800 --> 00:41:29,239 Speaker 1: are funded is different than the way that let's say, 824 00:41:29,320 --> 00:41:32,960 Speaker 1: overall appropriations, discretionary spending is given out, and that by 825 00:41:33,000 --> 00:41:36,000 Speaker 1: opening up discretionary spending to the political process, you could 826 00:41:36,000 --> 00:41:38,000 Speaker 1: make it kind of like the IRS or any of 827 00:41:38,040 --> 00:41:41,239 Speaker 1: these other organizations. It is an interesting case, actually, he 828 00:41:41,280 --> 00:41:44,120 Speaker 1: points out, like the OCC and the FDA and other 829 00:41:44,200 --> 00:41:46,680 Speaker 1: places like that that are funded by industry, Like FDA 830 00:41:46,719 --> 00:41:50,279 Speaker 1: is heavily funded by user fees. Great, which is not 831 00:41:50,320 --> 00:41:54,879 Speaker 1: great either. Also also not unconstitutional. Yes, and he makes 832 00:41:54,880 --> 00:41:58,480 Speaker 1: this He makes a funny point in his piece there banks, 833 00:41:58,560 --> 00:42:02,440 Speaker 1: be careful. What you work wish for. The administrative state 834 00:42:02,480 --> 00:42:06,319 Speaker 1: that exists now is a place to not just to 835 00:42:06,480 --> 00:42:10,480 Speaker 1: support support the American people and consumers, but also businesses. 836 00:42:10,560 --> 00:42:12,880 Speaker 1: Oh of course, there's a bunch of like safe harbor 837 00:42:13,200 --> 00:42:16,680 Speaker 1: protections that exist within the regulations that say to a bank, 838 00:42:17,280 --> 00:42:20,040 Speaker 1: if you follow these laws or any type of lender, 839 00:42:20,040 --> 00:42:23,840 Speaker 1: if you follow these laws, then you have safe harbor 840 00:42:23,880 --> 00:42:29,120 Speaker 1: from lawsuits around these types of things, and banks are 841 00:42:29,120 --> 00:42:33,279 Speaker 1: well aware that Plaineffs attorneys are extremely powerful. Yes, so 842 00:42:33,320 --> 00:42:36,200 Speaker 1: they like those legal they can play inside the game. 843 00:42:36,360 --> 00:42:39,239 Speaker 1: And so if those legal protections go away, guess what, 844 00:42:39,360 --> 00:42:42,200 Speaker 1: all of a sudden, now everybody's getting sued all over 845 00:42:42,239 --> 00:42:44,520 Speaker 1: the place. It'll be fun. I don't know, I don't 846 00:42:44,520 --> 00:42:48,960 Speaker 1: know which one I wish for on this one. Let's 847 00:42:49,000 --> 00:42:51,239 Speaker 1: go to the next part here, Fox News, this is 848 00:42:51,280 --> 00:42:54,839 Speaker 1: some interesting stuff happening. We can't help but take a look. 849 00:42:55,000 --> 00:42:57,839 Speaker 1: Donald Trump attacking Fox News. Let's go ahead and put 850 00:42:57,840 --> 00:43:00,759 Speaker 1: this up there on the screen. As Fox News is 851 00:43:00,800 --> 00:43:04,000 Speaker 1: promoting Ron Desanctus so hard and so much, there's not 852 00:43:04,080 --> 00:43:06,600 Speaker 1: much time left for real news. Reminds me of twenty 853 00:43:06,600 --> 00:43:09,480 Speaker 1: sixteen when they were pushing Jeb. The new Fox poll, 854 00:43:09,520 --> 00:43:12,280 Speaker 1: which they have been purposely terrible for me, has Trump 855 00:43:12,480 --> 00:43:16,239 Speaker 1: crushing d sanctimonious, but they barely show it. Instead, they 856 00:43:16,239 --> 00:43:19,000 Speaker 1: go with losers like Carl Rove, Paul Ryan, and now 857 00:43:19,080 --> 00:43:21,680 Speaker 1: even Yesper I'm trying to figure out who that was, 858 00:43:21,840 --> 00:43:24,879 Speaker 1: who have been wrong about everything. Isn't there a big, 859 00:43:25,000 --> 00:43:27,719 Speaker 1: beautiful network which wants to do well and make a 860 00:43:27,719 --> 00:43:32,560 Speaker 1: fortune besides fake news in all caps? So what is 861 00:43:32,600 --> 00:43:35,440 Speaker 1: he talking about here? And ironically, you know, if you 862 00:43:35,480 --> 00:43:39,200 Speaker 1: actually take a look at the pole that Trump is referencing, 863 00:43:39,520 --> 00:43:41,319 Speaker 1: this poll is great for Trump. Let's put this up 864 00:43:41,360 --> 00:43:44,520 Speaker 1: there to actually look at the pole that he's referencing. 865 00:43:44,880 --> 00:43:47,800 Speaker 1: It has Trump at forty three percent in the Republican primary. 866 00:43:48,000 --> 00:43:51,120 Speaker 1: It has Ron DeSantis at twenty eight percent, Haley at seven, 867 00:43:51,280 --> 00:43:54,799 Speaker 1: Pence at seven, Greg Abbott too, and Liz Cheney at 868 00:43:54,800 --> 00:43:58,640 Speaker 1: two percent. So I'm pretty sure that that shows him 869 00:43:58,760 --> 00:44:01,279 Speaker 1: with a dramatic lead, and not only a dramatic lead, Ryan, 870 00:44:01,480 --> 00:44:04,680 Speaker 1: but it actually shows him increase his margin on Ron 871 00:44:04,719 --> 00:44:08,000 Speaker 1: DeSantis from previously. So I'm not exactly sure what he's 872 00:44:08,080 --> 00:44:10,799 Speaker 1: upset about. I mean, it's certainly true, but Fox has 873 00:44:10,800 --> 00:44:13,520 Speaker 1: been very kind to DeSantis, and I guess you know 874 00:44:13,560 --> 00:44:16,759 Speaker 1: they've aired some you know, we actually aired the Jeb 875 00:44:16,840 --> 00:44:19,520 Speaker 1: endorsement here on the show yesterday and it was frankly 876 00:44:19,640 --> 00:44:22,760 Speaker 1: very bizarre because there was like music involved, and Brian 877 00:44:22,840 --> 00:44:25,040 Speaker 1: Kilmeade was like, oh, Jeb, but like do you endorse 878 00:44:25,120 --> 00:44:28,360 Speaker 1: Ron desanis like yes, sig Endors orchestral me. Yeah. I 879 00:44:28,360 --> 00:44:30,960 Speaker 1: was watching, like what is happening. How is this possibly 880 00:44:31,000 --> 00:44:35,160 Speaker 1: on television? It's humiliating just for any politician, let Trump 881 00:44:35,280 --> 00:44:38,440 Speaker 1: or DeSantis or whatever aside. But at the same time, 882 00:44:38,560 --> 00:44:41,200 Speaker 1: like all of the Fox polling and to the extent 883 00:44:41,200 --> 00:44:44,239 Speaker 1: they're even airing, you know, pro Desanti's stuff, there's still 884 00:44:44,280 --> 00:44:47,080 Speaker 1: a hell of a lot of Trump support on Fox News. So, 885 00:44:47,560 --> 00:44:50,319 Speaker 1: I mean, it also tells me that given the fact 886 00:44:50,320 --> 00:44:52,319 Speaker 1: that he hasn't addressed Nikki Ailey, he hasn't talked about 887 00:44:52,360 --> 00:44:54,520 Speaker 1: Mike Pence, he doesn't talk about Vivie Robert, he doesn't 888 00:44:54,520 --> 00:44:57,680 Speaker 1: care about anybody except for run saying Ron DeSantis, that's it. 889 00:44:58,120 --> 00:45:01,600 Speaker 1: The irony is that for all trouble, Fox is getting 890 00:45:01,680 --> 00:45:04,560 Speaker 1: dragged into court. Yeah, he's going to on his behalf. 891 00:45:04,680 --> 00:45:07,279 Speaker 1: Might cost them a couple of billion dollars because they 892 00:45:07,280 --> 00:45:10,640 Speaker 1: were steadfast in support of his utter nonsense. True, And 893 00:45:10,719 --> 00:45:14,719 Speaker 1: so it's it's funny that Trump can't see that these 894 00:45:15,120 --> 00:45:18,960 Speaker 1: guys who are going through these depositions and they're like 895 00:45:19,080 --> 00:45:21,520 Speaker 1: counting their cash balance or like they have like a 896 00:45:21,640 --> 00:45:24,160 Speaker 1: something like a three billion dollar cash balance, and they're 897 00:45:24,160 --> 00:45:28,600 Speaker 1: like wondering, is that going to cover what we did 898 00:45:28,600 --> 00:45:31,719 Speaker 1: for this guy? Yes, he can't he can't imagine why 899 00:45:31,719 --> 00:45:35,640 Speaker 1: they might be giving something less than perfectly favorable coverage 900 00:45:35,680 --> 00:45:38,319 Speaker 1: to him. It's like, dude, yeah, it's it's a little odd. 901 00:45:38,520 --> 00:45:41,320 Speaker 1: But it also just gets to the dynamic where clearly 902 00:45:41,400 --> 00:45:44,000 Speaker 1: he sees DeSantis as a threat. Now, I think DeSantis 903 00:45:44,000 --> 00:45:45,880 Speaker 1: certainly is it there. I think he's the only actual 904 00:45:45,880 --> 00:45:48,840 Speaker 1: threat that Trump has. But how much of a threat 905 00:45:49,239 --> 00:45:52,040 Speaker 1: is he actually? And this, you know, it really hit 906 00:45:52,080 --> 00:45:55,160 Speaker 1: home for me, where there's this idea that DeSantis would 907 00:45:55,239 --> 00:45:58,439 Speaker 1: have a runway sweep if Trump wasn't in the race. 908 00:45:58,640 --> 00:46:00,239 Speaker 1: But put this up there. You know this, this is 909 00:46:00,280 --> 00:46:04,640 Speaker 1: a new McLachlin Group poll of Republican voters primary voters, 910 00:46:04,640 --> 00:46:09,240 Speaker 1: specifically without Trump, and it really still only has Desanta 911 00:46:09,280 --> 00:46:12,040 Speaker 1: sid thirty five percent. It says Desantus thirty five, Trump 912 00:46:12,080 --> 00:46:15,520 Speaker 1: Junior at ten, Pence seven, Hailey six, Candice Owens at four, 913 00:46:15,800 --> 00:46:20,040 Speaker 1: Ted Cruz three, Romney three, Pompeo two, Tim Scott at two, 914 00:46:20,200 --> 00:46:23,160 Speaker 1: Abbot at one, Rick Scott at one, kirsenome, etc. I 915 00:46:23,160 --> 00:46:25,399 Speaker 1: can go on forever, But why does that matter? Because 916 00:46:25,440 --> 00:46:28,120 Speaker 1: you know thirty five percent? Now, Okay, Trump actually did 917 00:46:28,120 --> 00:46:31,359 Speaker 1: win their GOP primary in twenty sixteen with that, but 918 00:46:31,360 --> 00:46:33,319 Speaker 1: one of the arguments against him was, well, he's not 919 00:46:33,360 --> 00:46:35,560 Speaker 1: a unifier. The majority of the people are still not 920 00:46:35,640 --> 00:46:38,920 Speaker 1: against him. I found it fascinating that he was still 921 00:46:39,040 --> 00:46:41,680 Speaker 1: only up to thirty five percent. I'm not saying they 922 00:46:41,680 --> 00:46:45,080 Speaker 1: wouldn't win a primary then, but he's not as much 923 00:46:45,080 --> 00:46:48,080 Speaker 1: of the unifying figure without Trump as people are letting on. 924 00:46:48,120 --> 00:46:50,040 Speaker 1: Does that make sense, Yeah, because tell me if you 925 00:46:50,040 --> 00:46:52,520 Speaker 1: think this is right. But I think that this the 926 00:46:52,520 --> 00:46:56,520 Speaker 1: hardcore Trump supporters who used to love Ron DeSantis when 927 00:46:56,520 --> 00:46:59,840 Speaker 1: he was Trump's sidekick. Yes, now that he's a rival, 928 00:47:00,120 --> 00:47:01,799 Speaker 1: like hate the guy. I wouldn't say they hate him. 929 00:47:01,840 --> 00:47:04,320 Speaker 1: I think they. I think they appreciate him, but they're skeptical. 930 00:47:04,320 --> 00:47:05,880 Speaker 1: They're like, hey, what are you doing. You're trying to 931 00:47:05,920 --> 00:47:08,000 Speaker 1: upsave them, man, you know. And that's the other, you know, 932 00:47:08,040 --> 00:47:10,880 Speaker 1: the big divide where DeSantis. A lot of the people 933 00:47:10,920 --> 00:47:14,759 Speaker 1: who love Ron DeSantis are new Republican voters. So we're 934 00:47:14,800 --> 00:47:18,759 Speaker 1: talking about Cubans, a lot of Latinos, specifically Latino men 935 00:47:19,040 --> 00:47:23,360 Speaker 1: in Florida, but a lot of hardcore traditional Republican people, 936 00:47:23,400 --> 00:47:25,680 Speaker 1: small business Republicans who are going to vote Republican every 937 00:47:25,719 --> 00:47:28,279 Speaker 1: single time on the ticket. They love Ron. You know, 938 00:47:28,360 --> 00:47:31,439 Speaker 1: he's a traditional you know, the Mitt Romney voter loves 939 00:47:31,520 --> 00:47:34,879 Speaker 1: Ron DeSantis. DeSantis's political genius is he's willing to bring 940 00:47:34,920 --> 00:47:37,879 Speaker 1: in people who are new to the Republican Party and 941 00:47:38,000 --> 00:47:41,560 Speaker 1: hold down the traditional coalition. The Trump people really don't 942 00:47:41,560 --> 00:47:43,759 Speaker 1: fit into any of that. Trump certainly did get some 943 00:47:43,800 --> 00:47:46,200 Speaker 1: of these newer voters, but still less than I think 944 00:47:46,360 --> 00:47:50,560 Speaker 1: than Desanta's. Trump's genius was Republican, traditional Republican, small business 945 00:47:50,560 --> 00:47:52,359 Speaker 1: Republicans willing to hold their nose and vote for him. 946 00:47:52,480 --> 00:47:54,640 Speaker 1: And then all these people that he never voted before, 947 00:47:54,680 --> 00:47:58,160 Speaker 1: ever in modern American history, Santis as. I'm not sure 948 00:47:58,239 --> 00:48:00,360 Speaker 1: yet he's been able to compete on that. And a 949 00:48:00,400 --> 00:48:02,400 Speaker 1: lot of those people now vote in the GOP primary 950 00:48:02,520 --> 00:48:04,040 Speaker 1: and they vote for Trump. That's what I think the 951 00:48:04,080 --> 00:48:05,800 Speaker 1: difference is, right, I think he has a hard time 952 00:48:05,920 --> 00:48:10,160 Speaker 1: with those folks because he's not funny, Like it's it's 953 00:48:10,200 --> 00:48:15,200 Speaker 1: all of the like Trump culture war stuff, but without 954 00:48:15,480 --> 00:48:18,080 Speaker 1: kind of Trump's joking about, like I think you're right, 955 00:48:18,239 --> 00:48:21,360 Speaker 1: and a lot of people I think wrongly. But a 956 00:48:21,360 --> 00:48:23,360 Speaker 1: lot of people, I think since kind of less hate 957 00:48:23,680 --> 00:48:25,799 Speaker 1: coming from Trump's they didn't think he actually believed it 958 00:48:26,000 --> 00:48:27,880 Speaker 1: they thought he's just saying it just true, just to 959 00:48:27,920 --> 00:48:32,000 Speaker 1: go after people and be funny. DeSantis just kind of 960 00:48:32,280 --> 00:48:36,120 Speaker 1: comes off as mean sometimes maybe Yeah, I don't know. 961 00:48:36,160 --> 00:48:38,920 Speaker 1: I mean, he's still very successful. I would say. What 962 00:48:39,000 --> 00:48:41,600 Speaker 1: I say is he doesn't have the same charisma close 963 00:48:41,719 --> 00:48:44,560 Speaker 1: as I think that's a problem. Also, I didn't know this, 964 00:48:44,600 --> 00:48:46,360 Speaker 1: but Trump is not wrong. He is quite short. I 965 00:48:46,400 --> 00:48:47,919 Speaker 1: didn't know it was only a five to seven, which 966 00:48:47,960 --> 00:48:49,959 Speaker 1: that's the problem. But I'm not saying that it should matter, 967 00:48:50,000 --> 00:48:52,840 Speaker 1: but it does matter. We haven't had a president. We 968 00:48:52,840 --> 00:48:55,120 Speaker 1: haven't had a president in the modern era below six 969 00:48:55,160 --> 00:48:57,640 Speaker 1: to one in like what fifty years or something, and 970 00:48:58,000 --> 00:49:00,520 Speaker 1: maybe Moore. Actually, when I go back and think about 971 00:49:00,560 --> 00:49:03,080 Speaker 1: if you ever met Trump, I guess I've had the 972 00:49:03,080 --> 00:49:06,319 Speaker 1: privilege of seeing the last couple presidents. I believe w 973 00:49:06,760 --> 00:49:09,200 Speaker 1: is the shortest one I've seen eleven. Yeah, he's five leven. 974 00:49:09,440 --> 00:49:12,440 Speaker 1: Clinton is huge, I mean he's not big hands. Obama 975 00:49:12,440 --> 00:49:14,719 Speaker 1: also was taller than people. Again Trump, you know, I 976 00:49:14,800 --> 00:49:17,279 Speaker 1: met Trump many times, and Trump is a big, big man. 977 00:49:17,440 --> 00:49:20,520 Speaker 1: Joe Ford was like quarterback. Yeah, Ford was a big guy. 978 00:49:20,640 --> 00:49:22,880 Speaker 1: Nixing was a scrining little dude. I guess you know 979 00:49:23,600 --> 00:49:25,640 Speaker 1: Kennedy is, yeah, he really probably was the last one. 980 00:49:25,719 --> 00:49:27,680 Speaker 1: Kennedy was. I believe he was tall, but you know, 981 00:49:27,719 --> 00:49:30,520 Speaker 1: obviously had some health problems, but he seemed vigorous. And 982 00:49:30,719 --> 00:49:33,799 Speaker 1: again I think that aesthetically, that stuff absolutely does matter 983 00:49:33,960 --> 00:49:36,879 Speaker 1: whenever you think about leader and what that should all 984 00:49:37,800 --> 00:49:41,080 Speaker 1: fold into with the Trump primary and Trump knocking Fox. 985 00:49:41,120 --> 00:49:43,719 Speaker 1: Here it all comes down to the question of what 986 00:49:43,800 --> 00:49:46,200 Speaker 1: Fox is going to do, and that I don't see 987 00:49:46,239 --> 00:49:48,719 Speaker 1: any reason to suspect, you know, for all Trump's talk 988 00:49:48,719 --> 00:49:52,120 Speaker 1: of twenty sixteen, what happened in twenty sixteen. Ted Cruz 989 00:49:52,160 --> 00:49:55,640 Speaker 1: is on the record saying Roger Ayles sometime in twenty 990 00:49:55,680 --> 00:49:58,959 Speaker 1: fifteen went all in for Trump, and I just could 991 00:49:58,960 --> 00:50:01,240 Speaker 1: not get a fair hearing there. They were no longer 992 00:50:01,280 --> 00:50:03,480 Speaker 1: treating me the way there was in the Tea Party era. 993 00:50:03,600 --> 00:50:05,120 Speaker 1: And the reason why, if you go back and you 994 00:50:05,160 --> 00:50:07,600 Speaker 1: read the history, Ales could read the ratings. You know, 995 00:50:07,880 --> 00:50:11,359 Speaker 1: Ales had had Trump in a regular Fox and French 996 00:50:11,400 --> 00:50:14,760 Speaker 1: spot since twenty eleven for just a phone in. Why 997 00:50:14,960 --> 00:50:18,040 Speaker 1: because he used to get very high ratings. Ales could 998 00:50:18,040 --> 00:50:21,399 Speaker 1: see the spike in the ratings for Donald Trump, and 999 00:50:21,400 --> 00:50:23,000 Speaker 1: that's why he decided to go all in for him 1000 00:50:23,120 --> 00:50:25,360 Speaker 1: at the network. Rupert Murdoch is in you know, some 1001 00:50:25,400 --> 00:50:27,839 Speaker 1: of these more recent he's in some of these more 1002 00:50:27,880 --> 00:50:31,280 Speaker 1: recent depositions saying, oh, we tried to destroy Trump. Listen, 1003 00:50:31,440 --> 00:50:34,160 Speaker 1: all Ruper cares about is money. He doesn't care, you know, 1004 00:50:34,200 --> 00:50:37,920 Speaker 1: he may find him personally distasteful. He liked Obama. That 1005 00:50:37,960 --> 00:50:41,080 Speaker 1: didn't stop him from hiring Glenn Beck because he's a 1006 00:50:41,080 --> 00:50:43,319 Speaker 1: bill You know, these guys are multi billionaires. All they 1007 00:50:43,360 --> 00:50:45,680 Speaker 1: care about are the dollar signs at the networks, and 1008 00:50:45,719 --> 00:50:47,680 Speaker 1: that's all we've ever cared about, you know. But they 1009 00:50:47,719 --> 00:50:50,600 Speaker 1: did put that. Rupert did put that order in to 1010 00:50:50,719 --> 00:50:52,520 Speaker 1: like put a hit on him in that debate right 1011 00:50:52,520 --> 00:50:55,120 Speaker 1: where the Megan Kelly started it. And guess what, nothing 1012 00:50:55,120 --> 00:50:57,359 Speaker 1: happened with that with that question. You've said all these 1013 00:50:57,440 --> 00:50:59,560 Speaker 1: terrible things about women, and Trump came back with a 1014 00:50:59,640 --> 00:51:02,719 Speaker 1: roso on Aline and yeah, and Rupert and Fox at 1015 00:51:02,719 --> 00:51:04,839 Speaker 1: that point like, oh, what what if we unleashed here 1016 00:51:04,840 --> 00:51:07,319 Speaker 1: that we can't actually put back on the leash? Right? Yeah, 1017 00:51:07,600 --> 00:51:10,000 Speaker 1: I don't know. I'm curious to see what happens, but 1018 00:51:10,040 --> 00:51:12,760 Speaker 1: I personally don't think that Trump has anything to worry about. 1019 00:51:13,000 --> 00:51:14,200 Speaker 1: Fox at the end of the day, is just going 1020 00:51:14,239 --> 00:51:15,880 Speaker 1: to fall in love. I mean, all of them do. 1021 00:51:16,560 --> 00:51:19,560 Speaker 1: It's more audience capture than it is anything else. All right, 1022 00:51:19,640 --> 00:51:22,080 Speaker 1: next part here, this is a fun one, really thinking 1023 00:51:22,080 --> 00:51:26,000 Speaker 1: about Crystal. So we've covered the Brett favv. Pat McAfee 1024 00:51:26,040 --> 00:51:29,800 Speaker 1: case quite significantly here on breaking points. It actually predates 1025 00:51:29,800 --> 00:51:33,200 Speaker 1: obviously Pat McAfee what ended up. I'm actually personally disappointed 1026 00:51:33,200 --> 00:51:35,600 Speaker 1: at Brett Farv did not see us because we said 1027 00:51:35,640 --> 00:51:39,680 Speaker 1: exactly what Pat McFee did, which is Brett Favre allegedly 1028 00:51:40,160 --> 00:51:46,600 Speaker 1: for his repulsive lawyer. Allegedly repulsive lawyer said in text 1029 00:51:46,600 --> 00:51:50,040 Speaker 1: messages that he did not want the press to find 1030 00:51:50,080 --> 00:51:54,239 Speaker 1: out that he allegedly was working with the Mississippi state 1031 00:51:54,480 --> 00:51:58,720 Speaker 1: officials to builk tens of millions of dollars to build 1032 00:51:58,960 --> 00:52:02,920 Speaker 1: new facilities for a volleyball team at the school that 1033 00:52:03,000 --> 00:52:08,680 Speaker 1: his daughter attended, using state allocated resources for poor single 1034 00:52:08,719 --> 00:52:11,160 Speaker 1: moms in one of the poorest states of the nation. 1035 00:52:11,640 --> 00:52:15,279 Speaker 1: That is an effect in terms of the allegations that 1036 00:52:15,320 --> 00:52:18,840 Speaker 1: have been laid out. The Mississippi got buy some fairly 1037 00:52:18,840 --> 00:52:21,400 Speaker 1: credible evidence, not just I mean we're talking about straight 1038 00:52:21,440 --> 00:52:24,520 Speaker 1: up Texas messages. The Mississippi State auditor said, what this 1039 00:52:24,600 --> 00:52:27,279 Speaker 1: is the largest public welfare scandal in the history of 1040 00:52:27,320 --> 00:52:30,560 Speaker 1: the entire state of Mississippi. Brett Favre, of course, is 1041 00:52:30,560 --> 00:52:34,360 Speaker 1: worth tens of millions of dollars. McAfee and Shannon Sharp, 1042 00:52:34,440 --> 00:52:37,440 Speaker 1: when they were on the show covering it, said, allegedly, 1043 00:52:37,840 --> 00:52:40,040 Speaker 1: Pat played that clip. He said, look, I'll see you 1044 00:52:40,080 --> 00:52:42,680 Speaker 1: in court, Pal. I'm sure that we said allegedly. Well, 1045 00:52:42,960 --> 00:52:46,960 Speaker 1: Farv is not backing down, he's continuing to humiliate himself. 1046 00:52:47,160 --> 00:52:49,400 Speaker 1: McAfee tweeted this out yesterday. Let's go and put this 1047 00:52:49,480 --> 00:52:53,360 Speaker 1: up there on the screen. He says, officially official, you 1048 00:52:53,480 --> 00:52:56,440 Speaker 1: got served with the meme and it shows a cover 1049 00:52:56,480 --> 00:52:59,839 Speaker 1: sheet civil case filing form. Now it says short style 1050 00:52:59,840 --> 00:53:04,160 Speaker 1: of CASEV versus McAfee in the circuit court, party filing 1051 00:53:04,160 --> 00:53:08,000 Speaker 1: and initial pleading was the attorney check if not an attorney. 1052 00:53:08,160 --> 00:53:11,080 Speaker 1: And it shows you that the official legal filing is 1053 00:53:11,239 --> 00:53:17,360 Speaker 1: now commencing. More so is the absolutely insane rhetoric that 1054 00:53:17,520 --> 00:53:20,000 Speaker 1: is coming from the Farv lawyers. So let's put this 1055 00:53:20,160 --> 00:53:24,080 Speaker 1: up there. I mean, this is unbelievable. Brett Farv's lawyer 1056 00:53:24,120 --> 00:53:27,759 Speaker 1: says Pat McAfee quote, will go bankrupt. I'm sure he 1057 00:53:27,800 --> 00:53:31,239 Speaker 1: will with his deal with these sports betting companies, and 1058 00:53:31,360 --> 00:53:36,120 Speaker 1: quote will learn his lesson after the defamation lawsuit. So 1059 00:53:36,320 --> 00:53:39,719 Speaker 1: here's what he had to say. The McAfee, you know, 1060 00:53:39,760 --> 00:53:42,759 Speaker 1: of course, says that he said allegedly whenever he was 1061 00:53:42,800 --> 00:53:46,920 Speaker 1: discussing the case. That lawyer Eric Hirshman says otherwise, he says, quote, 1062 00:53:47,000 --> 00:53:49,560 Speaker 1: when you listen to Pat McAfee, he never read any 1063 00:53:49,600 --> 00:53:52,000 Speaker 1: of the complaints. He didn't read the motion to dismiss. 1064 00:53:52,200 --> 00:53:54,279 Speaker 1: He just decided to get on a show and try 1065 00:53:54,320 --> 00:53:57,480 Speaker 1: to get as much attention as he could, he accuses Brett. 1066 00:53:57,480 --> 00:54:00,520 Speaker 1: So we're clear about stealing from the poor in Misissippi. 1067 00:54:00,600 --> 00:54:02,880 Speaker 1: I mean yeah, he did accuse that based upon the 1068 00:54:02,960 --> 00:54:06,920 Speaker 1: documents that were the text messages and other public officials. 1069 00:54:07,120 --> 00:54:11,280 Speaker 1: So then he says that he is going to be bankrupt. 1070 00:54:11,520 --> 00:54:14,480 Speaker 1: It is going to cost Pat McAfee millions of dollars 1071 00:54:14,680 --> 00:54:17,360 Speaker 1: if it bankrupts. In he will learn his lesson. You 1072 00:54:17,400 --> 00:54:22,160 Speaker 1: don't try to promote yourself by inappropriately and improperly attacking 1073 00:54:22,440 --> 00:54:25,440 Speaker 1: someone else. This drives me crazy because this is pure 1074 00:54:25,800 --> 00:54:28,840 Speaker 1: straight up intimidation. Brett. First of all, I bet you 1075 00:54:28,880 --> 00:54:31,200 Speaker 1: Pat McFee has more money than Brett Farber. I'm just 1076 00:54:31,239 --> 00:54:33,479 Speaker 1: gonna go ahead and lay that out given how big 1077 00:54:33,480 --> 00:54:36,600 Speaker 1: a show is. But second, Brett Farber is a public official. 1078 00:54:36,719 --> 00:54:38,840 Speaker 1: You and I Ryan know this, as in this game, 1079 00:54:39,600 --> 00:54:43,560 Speaker 1: Brett Farab has to prove not only that Pat McAfee 1080 00:54:44,120 --> 00:54:47,319 Speaker 1: did not say or may not have said allegedly, he 1081 00:54:47,400 --> 00:54:50,960 Speaker 1: has to say that McAfee in his mind knew at 1082 00:54:50,960 --> 00:54:54,080 Speaker 1: the time that what he was saying was wrong and 1083 00:54:54,400 --> 00:54:58,759 Speaker 1: oft tempting to defame Brett Farbe's character intentionally with the 1084 00:54:58,800 --> 00:55:01,400 Speaker 1: words that he had used. You can actually say something 1085 00:55:01,680 --> 00:55:05,239 Speaker 1: mistakenly and still not be liable for defamation when you're 1086 00:55:05,239 --> 00:55:08,000 Speaker 1: talking about a public figure, because we have a very 1087 00:55:08,080 --> 00:55:10,759 Speaker 1: high bar in this country, as we should that when 1088 00:55:10,800 --> 00:55:14,280 Speaker 1: you're discussing people of immense wealth and power like Brett Farvre, 1089 00:55:14,440 --> 00:55:17,800 Speaker 1: who apparently allegedly has enough control over the State of 1090 00:55:17,800 --> 00:55:21,400 Speaker 1: Mississippi to misuse funds for laid out for poor people, 1091 00:55:21,719 --> 00:55:25,279 Speaker 1: that reporters and journalists and commentators people like ourselves are 1092 00:55:25,360 --> 00:55:29,040 Speaker 1: able to discuss this case with zero fear of but 1093 00:55:29,239 --> 00:55:33,279 Speaker 1: hurt multi millionaires trying to sue you and intimidate you 1094 00:55:33,600 --> 00:55:35,440 Speaker 1: before the eyes of the public. And the other thing 1095 00:55:35,480 --> 00:55:37,439 Speaker 1: that McFee has going for him is that this stuff 1096 00:55:37,520 --> 00:55:39,600 Speaker 1: is laid out in those court doking yes. So that yeah, 1097 00:55:39,800 --> 00:55:43,160 Speaker 1: that's that is bulletproof, and defamation law is a huge 1098 00:55:43,160 --> 00:55:46,040 Speaker 1: protection because you're like, look, I'm not saying it. Yeah 1099 00:55:46,120 --> 00:55:49,640 Speaker 1: he said it, yes, State Attorney General set in General said, 1100 00:55:49,880 --> 00:55:53,719 Speaker 1: and I'm referring to that, right. And the second, maybe 1101 00:55:53,920 --> 00:55:56,840 Speaker 1: actually the seventh, big problem that Farv is going to 1102 00:55:56,880 --> 00:55:59,640 Speaker 1: have is he has to also prove let's even if 1103 00:55:59,640 --> 00:56:01,920 Speaker 1: he could all of those other things we just laid out, 1104 00:56:01,920 --> 00:56:03,399 Speaker 1: which I don't think I can prove any of them, 1105 00:56:03,840 --> 00:56:06,960 Speaker 1: he would also have to prove that he was harmed 1106 00:56:07,000 --> 00:56:11,440 Speaker 1: specifically by McAfee's claims. And if the New York Times 1107 00:56:11,640 --> 00:56:16,120 Speaker 1: and everybody else and every poster on Twitter is saying 1108 00:56:16,160 --> 00:56:19,080 Speaker 1: the same thing, then how do you prove to a 1109 00:56:19,160 --> 00:56:23,520 Speaker 1: jury that this guy's comments are actually the thing that 1110 00:56:23,640 --> 00:56:26,680 Speaker 1: caused you. And it can't just be emotional distress. You 1111 00:56:26,719 --> 00:56:29,160 Speaker 1: can't say I really hurt my feelings the mean tweets 1112 00:56:29,160 --> 00:56:33,680 Speaker 1: and the mean podcast. You have to actually demonstrate real 1113 00:56:33,800 --> 00:56:37,000 Speaker 1: material harm that came to you. Were you not able 1114 00:56:37,040 --> 00:56:40,719 Speaker 1: to get future jobs because of what McAfee said, Did 1115 00:56:40,760 --> 00:56:44,200 Speaker 1: you lose access what happened to you because of what 1116 00:56:44,320 --> 00:56:47,520 Speaker 1: McAfee said, And McAfee can very easily go back and 1117 00:56:47,560 --> 00:56:51,400 Speaker 1: say it was the Attorney General's documents that have caused 1118 00:56:51,440 --> 00:56:54,000 Speaker 1: you all of this harm, and underneath that it was 1119 00:56:54,000 --> 00:56:57,480 Speaker 1: your alleged behavior. Just to get to this is that 1120 00:56:57,560 --> 00:57:01,279 Speaker 1: he's also suing the auditor. I mean, good, luckily, Yeah, 1121 00:57:01,280 --> 00:57:04,399 Speaker 1: you're gonna assue the order, the guy who uncovered this 1122 00:57:04,600 --> 00:57:06,760 Speaker 1: entire scheme. The funny thing is he's not even facing 1123 00:57:06,760 --> 00:57:10,240 Speaker 1: criminal charges and allegedly, you know, if some law enforcement 1124 00:57:10,360 --> 00:57:12,960 Speaker 1: allegedly person were to look into that, I don't know. 1125 00:57:12,960 --> 00:57:16,040 Speaker 1: It seems like a pretty standard case to me, and 1126 00:57:16,120 --> 00:57:18,160 Speaker 1: one where you may want to make it an example 1127 00:57:18,160 --> 00:57:21,800 Speaker 1: of multi millionaires allegedly bilking the system. And that's the 1128 00:57:21,840 --> 00:57:24,320 Speaker 1: real issue that I have with this entire thing is 1129 00:57:24,360 --> 00:57:26,520 Speaker 1: that you have people in power. I face this. I'm 1130 00:57:26,520 --> 00:57:28,840 Speaker 1: sure you have to. I'm gonna assue you. I'm gonnasue you. 1131 00:57:28,920 --> 00:57:30,600 Speaker 1: It's like, oh, yeah, I got I just got one 1132 00:57:30,600 --> 00:57:33,640 Speaker 1: this weekend. Yeah yeah good? And you know why that 1133 00:57:33,680 --> 00:57:36,200 Speaker 1: we are able to report and talk in confidence. I 1134 00:57:36,280 --> 00:57:38,080 Speaker 1: know the law is on my side, and I also 1135 00:57:38,240 --> 00:57:41,240 Speaker 1: know what I don't know if Brett Farv knows is 1136 00:57:41,640 --> 00:57:43,920 Speaker 1: by the way, if Pat McAfee rides this thing all 1137 00:57:43,920 --> 00:57:45,680 Speaker 1: the way through which he has said that he will, 1138 00:57:45,880 --> 00:57:48,880 Speaker 1: he's gonna force far to pay his legal fees. The 1139 00:57:48,960 --> 00:57:52,040 Speaker 1: most likely scenario is that is that mac is that 1140 00:57:52,280 --> 00:57:55,240 Speaker 1: Farve hast to drop the case and recoup all of 1141 00:57:55,280 --> 00:57:57,960 Speaker 1: his legal fees. So personally, that is the outcome that 1142 00:57:58,000 --> 00:58:01,320 Speaker 1: I'm wishing for. Yeah, yeah, I think right, Because go 1143 00:58:01,400 --> 00:58:04,840 Speaker 1: in front of a jury and explain the entire scheme 1144 00:58:05,000 --> 00:58:07,920 Speaker 1: that was laid out in these court documents. I defend that, 1145 00:58:08,920 --> 00:58:11,439 Speaker 1: then you forget it, like what are you doing? Yeah? 1146 00:58:11,480 --> 00:58:13,800 Speaker 1: And the funny thing is is he's accusing McAfee and 1147 00:58:13,800 --> 00:58:17,680 Speaker 1: the auditor of shamelessly false and attacking Farv's good name 1148 00:58:17,880 --> 00:58:22,640 Speaker 1: to gain attention for himself, including appearances on television shows 1149 00:58:22,920 --> 00:58:26,200 Speaker 1: like CNN, HBO, as well as interviews for print and 1150 00:58:26,280 --> 00:58:30,040 Speaker 1: online media. So the allegation here is that Pat McFee, 1151 00:58:30,080 --> 00:58:33,520 Speaker 1: one of the most famous sports podcasters and presenters in 1152 00:58:33,560 --> 00:58:37,880 Speaker 1: the United States who is also on WWE, needs to 1153 00:58:37,960 --> 00:58:42,720 Speaker 1: talk about Brett Farvre for publicity. Is that the allegation, 1154 00:58:42,960 --> 00:58:44,520 Speaker 1: by the way, I actually went back and checked. And 1155 00:58:44,560 --> 00:58:47,240 Speaker 1: this is the funny part. The original clip of McFee 1156 00:58:47,320 --> 00:58:50,440 Speaker 1: talking about this had like a couple hundred thousand views 1157 00:58:50,800 --> 00:58:53,240 Speaker 1: after he sued him, which is good. But you know, 1158 00:58:53,240 --> 00:58:57,120 Speaker 1: for mac he's a megastar, right, he's massive. He doesn't 1159 00:58:57,160 --> 00:59:00,720 Speaker 1: need Brett Farv to the clip of him saying bring 1160 00:59:00,760 --> 00:59:03,880 Speaker 1: it on Powell, that's over one point five million, so 1161 00:59:04,160 --> 00:59:07,400 Speaker 1: he actually got more attention. This is pure strides. In effect, 1162 00:59:07,640 --> 00:59:11,560 Speaker 1: Farv is drawing more attention to the case than originally 1163 00:59:12,040 --> 00:59:15,800 Speaker 1: by suing him and putting it in the minds of people. 1164 00:59:15,840 --> 00:59:19,200 Speaker 1: And this is just a classic case of these people 1165 00:59:19,440 --> 00:59:22,680 Speaker 1: they think they're untouchable gods. That's really what came through 1166 00:59:22,760 --> 00:59:27,520 Speaker 1: the alleged text messages. Oppresses going to find out about this, right, yeah, look, 1167 00:59:27,680 --> 00:59:29,600 Speaker 1: he thinks he runs a state of Mississippi because he 1168 00:59:29,680 --> 00:59:32,200 Speaker 1: was good at playing football. Sorry, Powell, apparently you know 1169 00:59:32,280 --> 00:59:34,400 Speaker 1: this is America. It actually is a little bit different. 1170 00:59:34,520 --> 00:59:36,000 Speaker 1: And we in the fourth of State could use a 1171 00:59:36,160 --> 00:59:39,480 Speaker 1: w in defamation court, especially after Golfer got wiped out 1172 00:59:40,680 --> 00:59:43,040 Speaker 1: like that. I'm not sure, I know, I know, but 1173 00:59:43,120 --> 00:59:46,840 Speaker 1: that's that's the thing, Like every time somebody gets crushed, 1174 00:59:46,840 --> 00:59:51,120 Speaker 1: even if it was justifiable, it's blood in the defamation waters, 1175 00:59:51,400 --> 00:59:54,840 Speaker 1: and people like Farv think that, well, maybe I have 1176 00:59:54,880 --> 00:59:57,440 Speaker 1: a better shot of like winning in court. So every 1177 00:59:57,520 --> 01:00:01,680 Speaker 1: time you catch a w in court, it pushes back 1178 01:00:01,720 --> 01:00:04,280 Speaker 1: and builds more cultural support for the for the for 1179 01:00:04,320 --> 01:00:06,800 Speaker 1: a free press, and for the First Amendment. So I hope, 1180 01:00:06,880 --> 01:00:09,120 Speaker 1: I hope McAfee fights this one all the way and 1181 01:00:09,440 --> 01:00:12,320 Speaker 1: wins in a plight way. Screw around and find out, Brett, 1182 01:00:12,680 --> 01:00:14,440 Speaker 1: You're gonna have fun in court and I am gonna. 1183 01:00:14,480 --> 01:00:17,720 Speaker 1: I am going to laugh whenever he ends up having 1184 01:00:17,760 --> 01:00:21,160 Speaker 1: to recoup McAfee's legal filings. And you know, all credit 1185 01:00:21,280 --> 01:00:25,840 Speaker 1: to Pat. Congratulations to you, sir. I'm admiring. I admire 1186 01:00:26,280 --> 01:00:28,800 Speaker 1: your standstill in this or you're the way that you've 1187 01:00:28,800 --> 01:00:30,840 Speaker 1: carried yourself in all this, because I know it's scary, 1188 01:00:30,880 --> 01:00:33,000 Speaker 1: you know for people like us. So we cover politics, 1189 01:00:33,040 --> 01:00:34,640 Speaker 1: we're used to it. You know, people threaten us all 1190 01:00:34,680 --> 01:00:36,320 Speaker 1: the time. Oh I'm gonna sue you like no, you're not. 1191 01:00:36,440 --> 01:00:38,160 Speaker 1: And even if you do, good luck. All right, I 1192 01:00:38,200 --> 01:00:40,400 Speaker 1: got good lawyers just like you do, and we'll fight 1193 01:00:40,440 --> 01:00:42,320 Speaker 1: this thing all the way through. But people who work 1194 01:00:42,320 --> 01:00:44,560 Speaker 1: in sports and elsewhere, they're not used to this level 1195 01:00:44,800 --> 01:00:47,080 Speaker 1: of public pressure. So I think people should really give 1196 01:00:47,160 --> 01:00:49,520 Speaker 1: him credit for standing tall on this. He's absolutely right 1197 01:00:49,680 --> 01:00:52,320 Speaker 1: into a damn thing wrong. And we are really going 1198 01:00:52,360 --> 01:00:54,320 Speaker 1: to enjoy carrying this all the way to the forward, 1199 01:00:54,360 --> 01:00:56,200 Speaker 1: and we'll continue covering it here and giving Pat all 1200 01:00:56,240 --> 01:00:58,760 Speaker 1: the support that he needs, not that he necessarily needs us, 1201 01:00:58,800 --> 01:01:01,160 Speaker 1: but I'd like to give him the sport regardless. Let's 1202 01:01:01,160 --> 01:01:04,720 Speaker 1: go to the next part here. Nina Turner absolutely stunning 1203 01:01:04,760 --> 01:01:08,560 Speaker 1: people on CNN in a crazy turn of events where 1204 01:01:08,600 --> 01:01:11,840 Speaker 1: she speaks against the joy behars of the world and 1205 01:01:11,960 --> 01:01:15,240 Speaker 1: others who are blaming the residents of East Palestine, Ohio 1206 01:01:15,400 --> 01:01:18,640 Speaker 1: for voting for Trump and just talking with disgust at 1207 01:01:18,640 --> 01:01:21,000 Speaker 1: the way that they've been treated in the media, drawing 1208 01:01:21,000 --> 01:01:25,040 Speaker 1: connections between the white working poor, black working poor, and 1209 01:01:25,120 --> 01:01:28,280 Speaker 1: all really poor people in America who are neglected by infrastructure, 1210 01:01:28,360 --> 01:01:33,560 Speaker 1: by our broader society and left behind. She spoke so eloquently, 1211 01:01:33,800 --> 01:01:36,440 Speaker 1: let's take a listen to that the state administration is 1212 01:01:36,480 --> 01:01:39,200 Speaker 1: not doing enough. I'm not pleased with Governor Mike Dwine 1213 01:01:39,200 --> 01:01:42,320 Speaker 1: who actually drunk some of the water, giving people confidence 1214 01:01:42,360 --> 01:01:45,280 Speaker 1: that that water is okay, when in fact that EPA 1215 01:01:45,360 --> 01:01:47,520 Speaker 1: didn't do the deepest dye that they can do to 1216 01:01:47,520 --> 01:01:51,160 Speaker 1: deal with the carcinogens that are there air the water. 1217 01:01:51,360 --> 01:01:54,000 Speaker 1: For the neoliberals who say that the residents of that 1218 01:01:54,160 --> 01:01:58,520 Speaker 1: area deserve what they are getting because they voted for 1219 01:01:58,760 --> 01:02:03,240 Speaker 1: President Donald J. Trump is abhorrent. This is about poverty. 1220 01:02:03,240 --> 01:02:06,200 Speaker 1: This is about poor working class white people who are 1221 01:02:06,280 --> 01:02:08,640 Speaker 1: enduring some of the same things that poor working class 1222 01:02:08,680 --> 01:02:12,800 Speaker 1: black people and do it whether it's Flint, Cleveland or Jackson, Mississippi. 1223 01:02:12,880 --> 01:02:14,920 Speaker 1: And so I want to lay it down the cultest 1224 01:02:15,000 --> 01:02:17,440 Speaker 1: behavior in politics right now. It is a sin and 1225 01:02:17,480 --> 01:02:20,120 Speaker 1: a shame that when people are suffering to this magnitude, 1226 01:02:20,160 --> 01:02:22,280 Speaker 1: you got people who will fix their miles. To quote 1227 01:02:22,280 --> 01:02:25,200 Speaker 1: my grandmother to say that they are getting what they deserve. 1228 01:02:25,240 --> 01:02:27,640 Speaker 1: What they deserve is clean air, clean food, clean water. 1229 01:02:27,840 --> 01:02:30,680 Speaker 1: They deserve relief, both in the short term and also 1230 01:02:30,760 --> 01:02:33,920 Speaker 1: in the long term. Story really well said, and Crystal 1231 01:02:33,960 --> 01:02:36,400 Speaker 1: found this. You can't even make this shit up. Ryan 1232 01:02:36,640 --> 01:02:39,200 Speaker 1: put this up there on the screen. So during a 1233 01:02:39,360 --> 01:02:44,480 Speaker 1: panel where they were talking about the railroad and East Palestine, 1234 01:02:44,600 --> 01:02:49,920 Speaker 1: they have a commentator who lobbied for Norfolk Southern and 1235 01:02:49,960 --> 01:02:53,360 Speaker 1: they did not tell its audience at any point during 1236 01:02:53,360 --> 01:02:56,439 Speaker 1: this discussion that lobbyist David Urban. And you know this guy, 1237 01:02:56,440 --> 01:02:58,360 Speaker 1: he's one of them. What does he supposedly the pro 1238 01:02:58,400 --> 01:03:02,160 Speaker 1: Trump guy or whatever, of course, know of CNN political 1239 01:03:02,160 --> 01:03:05,520 Speaker 1: commentator who's supposedly pro Trump apparently is taking money from 1240 01:03:05,760 --> 01:03:08,640 Speaker 1: Norfolk Southern Railroad. All right, well, what do they say here? 1241 01:03:09,040 --> 01:03:13,320 Speaker 1: He and his firm collected at least one point one 1242 01:03:13,480 --> 01:03:21,480 Speaker 1: four million dollars for lobbying on quote, transportation issues related 1243 01:03:21,720 --> 01:03:25,400 Speaker 1: to railways. Now what issues ran? Exactly where they are 1244 01:03:25,440 --> 01:03:28,920 Speaker 1: lobbying the government on the ones that led to this 1245 01:03:29,120 --> 01:03:34,360 Speaker 1: exact derailment which has now poisoned these people in East Palestine. Right, 1246 01:03:34,400 --> 01:03:39,080 Speaker 1: And her fundamental point is so well said that your 1247 01:03:39,120 --> 01:03:41,600 Speaker 1: dignity as a human being should not depend on how 1248 01:03:41,640 --> 01:03:44,360 Speaker 1: you vote for. But her other point is also even 1249 01:03:44,360 --> 01:03:47,520 Speaker 1: better said, which is that this is about power. And 1250 01:03:48,040 --> 01:03:51,400 Speaker 1: even if you want to say that, oh, they voted 1251 01:03:51,400 --> 01:03:53,000 Speaker 1: the wrong way and if they'd voted a different way 1252 01:03:53,000 --> 01:03:55,640 Speaker 1: than they wouldn't have gotten what they deserve, the David 1253 01:03:55,760 --> 01:04:00,560 Speaker 1: Urban example is perfect because that's CNN. Yes, yes, So 1254 01:04:00,760 --> 01:04:04,080 Speaker 1: if you are with the network that is more associated 1255 01:04:04,120 --> 01:04:08,520 Speaker 1: with ango Democrats, then you you don't deserve, according to 1256 01:04:08,560 --> 01:04:12,840 Speaker 1: that logic, to be drinking. You know chemical stained water, 1257 01:04:13,320 --> 01:04:18,440 Speaker 1: Yet you're supportive of a corporate news network aligned with 1258 01:04:18,480 --> 01:04:22,840 Speaker 1: the Democratic Party that employs a rail lobbyist, that's it, 1259 01:04:23,000 --> 01:04:27,640 Speaker 1: without disclosing it, who worked with both administrations Trump and 1260 01:04:27,680 --> 01:04:31,560 Speaker 1: Obama to roll back safety regulations. So who are you 1261 01:04:31,600 --> 01:04:35,000 Speaker 1: supposed to support not to get clean water? If you 1262 01:04:35,040 --> 01:04:37,520 Speaker 1: can't support the Democratic Party, if you can't support the 1263 01:04:37,520 --> 01:04:39,920 Speaker 1: Public Party, then it sounds like the idea would be, well, 1264 01:04:40,000 --> 01:04:43,080 Speaker 1: just because you participate somehow in our society, that you 1265 01:04:43,160 --> 01:04:45,320 Speaker 1: deserve then to suffer the consequences of doing that. And 1266 01:04:45,360 --> 01:04:47,800 Speaker 1: the paywall section of christmal monologue. I made this point yesterday. 1267 01:04:47,800 --> 01:04:49,520 Speaker 1: I'm like, Okay, let's say that you think that's true. 1268 01:04:49,600 --> 01:04:51,760 Speaker 1: I'm like, you think that by saying you dirty people 1269 01:04:51,760 --> 01:04:53,360 Speaker 1: who voted for Trump you got what you deserve, you 1270 01:04:53,400 --> 01:04:54,960 Speaker 1: think they're going to change their minds. So like, first 1271 01:04:55,000 --> 01:05:00,000 Speaker 1: of all, effective, let's start with that number two. It's obviously, 1272 01:05:00,200 --> 01:05:03,200 Speaker 1: you know, morally abhorrent, but politically it's also very dumb. 1273 01:05:03,240 --> 01:05:05,960 Speaker 1: Here's my favorite part about what Urban said on TV 1274 01:05:06,280 --> 01:05:08,640 Speaker 1: when discussing the crisis quote, there's plenty of blame to 1275 01:05:08,640 --> 01:05:10,400 Speaker 1: go around on this, on these kinds, with these kinds 1276 01:05:10,440 --> 01:05:12,880 Speaker 1: of things happen, But what's important is we do move 1277 01:05:12,920 --> 01:05:14,880 Speaker 1: forward right to take care of people in these towns 1278 01:05:14,920 --> 01:05:17,320 Speaker 1: and communities. He then went on to criticize the Biden 1279 01:05:17,320 --> 01:05:21,960 Speaker 1: administration for allegedly sloughing off the crisis. So plenty of 1280 01:05:21,960 --> 01:05:26,080 Speaker 1: are blame to go around. Let's not point fingers. You participated. 1281 01:05:26,280 --> 01:05:29,440 Speaker 1: And look, this gets to the problem of these guests 1282 01:05:29,520 --> 01:05:32,600 Speaker 1: as well. You think that guy doesn't tell all of 1283 01:05:32,600 --> 01:05:35,360 Speaker 1: his clients that he's a regular commentator on This is 1284 01:05:35,360 --> 01:05:39,040 Speaker 1: the dream scenario for a company. You get a guy 1285 01:05:39,200 --> 01:05:41,520 Speaker 1: who's a regular seat and a commentator, You pay him, 1286 01:05:41,640 --> 01:05:44,439 Speaker 1: and then your time in the sum comes, your time 1287 01:05:44,480 --> 01:05:46,600 Speaker 1: in the barrel. And what does he do. He's catching 1288 01:05:46,600 --> 01:05:49,560 Speaker 1: bullets for you. He's pushing it away. This look CNN 1289 01:05:49,600 --> 01:05:51,640 Speaker 1: for all of the you know stuff we talk about 1290 01:05:51,640 --> 01:05:53,960 Speaker 1: at low ratings and all that. The point is that 1291 01:05:54,000 --> 01:05:56,600 Speaker 1: the few people who do watch them, they still matter. 1292 01:05:56,760 --> 01:05:59,960 Speaker 1: They have a lot of cultural power. So his ability, 1293 01:06:00,120 --> 01:06:03,280 Speaker 1: you deflect on a flagship CNN show like this without 1294 01:06:03,280 --> 01:06:06,720 Speaker 1: a single disclosure, is outrageous. Now, look, let's give him 1295 01:06:06,720 --> 01:06:08,680 Speaker 1: credit where it's due. They did invite Nina Turner. I'm 1296 01:06:08,680 --> 01:06:10,760 Speaker 1: glad that they certainly did. They allowed her to speak 1297 01:06:10,760 --> 01:06:12,720 Speaker 1: in that but that exactly shows you, you know, the 1298 01:06:13,240 --> 01:06:16,560 Speaker 1: two sides of the devil. And then how often are 1299 01:06:16,760 --> 01:06:19,439 Speaker 1: how often really is Nina on that show? And how 1300 01:06:19,520 --> 01:06:21,920 Speaker 1: much more often is the urban Unfortunately, I've had to 1301 01:06:21,920 --> 01:06:23,760 Speaker 1: watch a lot of CNN my day for my job. 1302 01:06:23,920 --> 01:06:25,520 Speaker 1: I've been seeing this guy on TV for the last 1303 01:06:25,560 --> 01:06:28,440 Speaker 1: six years. He's one of those Trump checkboxes, like, oh, 1304 01:06:28,440 --> 01:06:30,080 Speaker 1: we got this guy who speaks for Trump, right, he's 1305 01:06:30,160 --> 01:06:32,000 Speaker 1: right here, and then that guy's cashing in all the 1306 01:06:32,000 --> 01:06:34,840 Speaker 1: way to the bank. And I just love the framing 1307 01:06:34,880 --> 01:06:37,720 Speaker 1: of let's not worry so much about what happened. Yes, 1308 01:06:37,840 --> 01:06:40,760 Speaker 1: let's just yes, let's just look forward to remember Obama 1309 01:06:40,800 --> 01:06:43,280 Speaker 1: has had that line about torture. Let's look forward, not backward. 1310 01:06:43,320 --> 01:06:46,000 Speaker 1: That's right. Well, it's like, Nikki, how does that work out? 1311 01:06:46,040 --> 01:06:47,520 Speaker 1: How does that work out? If you don't try to 1312 01:06:47,560 --> 01:06:50,320 Speaker 1: figure out what just happened, yet you're going to make 1313 01:06:50,360 --> 01:06:54,400 Speaker 1: sure in the future it doesn't happen. The rail lobbyist 1314 01:06:54,440 --> 01:06:56,800 Speaker 1: saying let's not point fingers is just so perfect. It 1315 01:06:56,840 --> 01:06:58,880 Speaker 1: really is just not It's like the firm one point 1316 01:06:58,920 --> 01:07:01,600 Speaker 1: four million in low being fees. He was literally president 1317 01:07:01,720 --> 01:07:05,080 Speaker 1: of the lobbying firm which we're receiving these the money 1318 01:07:05,120 --> 01:07:07,320 Speaker 1: at the time and even right now is the head 1319 01:07:07,360 --> 01:07:10,280 Speaker 1: of quote BGR Group, a lobbying firm that represent is 1320 01:07:10,320 --> 01:07:13,200 Speaker 1: the death Star. He goes countless conflicts of interest for 1321 01:07:13,280 --> 01:07:16,160 Speaker 1: his on air work. In his most recent lobbying quarter, 1322 01:07:16,280 --> 01:07:20,360 Speaker 1: they have continued to lobby on transportation issues, and it says, quote, 1323 01:07:20,400 --> 01:07:23,400 Speaker 1: our clients in the aviation, automative, rail shipping, and mass 1324 01:07:23,400 --> 01:07:27,080 Speaker 1: transit industries rely on BGR to educate public leaders about 1325 01:07:27,120 --> 01:07:30,440 Speaker 1: how vital these industries are to domestic and international commerce. 1326 01:07:30,800 --> 01:07:33,560 Speaker 1: BGR A big con job, yeah, BGR. Yeah. They made 1327 01:07:33,560 --> 01:07:36,960 Speaker 1: their name by being willing to take the like all 1328 01:07:37,000 --> 01:07:41,360 Speaker 1: the different dictators and like politically toxic clients that even 1329 01:07:41,520 --> 01:07:46,800 Speaker 1: other lobbying firms were like, ooh, that's a pretty sweet retainer, 1330 01:07:46,840 --> 01:07:49,000 Speaker 1: but it's gonna hurt us with our other clients, gonna 1331 01:07:49,040 --> 01:07:50,560 Speaker 1: hurt us with our access. We're not gonna do it. 1332 01:07:50,560 --> 01:07:53,280 Speaker 1: And BGR was like, we'll take you, we got we 1333 01:07:53,320 --> 01:07:55,600 Speaker 1: got you. There you go. You're absolutely And CNN's like, cool, 1334 01:07:55,840 --> 01:07:59,440 Speaker 1: sounds good, You're good for three twenty we're talking the 1335 01:07:59,480 --> 01:08:02,720 Speaker 1: rail does that, let's do it. Anything we should know yeah, okay, 1336 01:08:02,760 --> 01:08:08,240 Speaker 1: not at all. We're good. Yes. Something I've been thinking 1337 01:08:08,240 --> 01:08:10,439 Speaker 1: a lot about lately is how bad Pete Buddha Judge 1338 01:08:10,520 --> 01:08:12,760 Speaker 1: is at his job. And while we've covered the specific 1339 01:08:12,840 --> 01:08:15,240 Speaker 1: ins and outs of failures on East Palestine, on the 1340 01:08:15,240 --> 01:08:18,439 Speaker 1: airline crisis, on railroad, and so much more, an important 1341 01:08:18,520 --> 01:08:20,760 Speaker 1: point that I've really come around to is this isn't 1342 01:08:20,840 --> 01:08:24,320 Speaker 1: just about Buddha Jedge specifically, It's about the system which 1343 01:08:24,400 --> 01:08:28,639 Speaker 1: elevated him, how much it represents our dystopian future. Buddha Jedge, 1344 01:08:28,720 --> 01:08:31,599 Speaker 1: along with several other Biden appointees, are a view into 1345 01:08:31,640 --> 01:08:35,360 Speaker 1: our affirmative action determined future, one where the identity of 1346 01:08:35,360 --> 01:08:38,240 Speaker 1: the individual is the only metric of which is considered 1347 01:08:38,400 --> 01:08:41,880 Speaker 1: for elevation, and one word, job performance is not only secondary, 1348 01:08:42,040 --> 01:08:44,920 Speaker 1: but which barely figures in the place of high importance. 1349 01:08:45,280 --> 01:08:47,120 Speaker 1: I was really struck by this last week at the 1350 01:08:47,120 --> 01:08:49,719 Speaker 1: White House Press briefing, where White House Press Secretary Karine 1351 01:08:49,800 --> 01:08:53,000 Speaker 1: Jean Pierre got multiple questions about Secretary Buddha Judge and 1352 01:08:53,040 --> 01:08:55,599 Speaker 1: the President's lack of response to East Palestine in the 1353 01:08:55,600 --> 01:08:58,719 Speaker 1: middle she had to throw in this, let's take a listen. 1354 01:08:59,080 --> 01:09:02,280 Speaker 1: I want to take the opportunity to lay out how 1355 01:09:02,320 --> 01:09:05,160 Speaker 1: diverse the President's cabinet has been, how diverse the president's 1356 01:09:05,160 --> 01:09:08,400 Speaker 1: administration has been. The cabinet is majority people of color 1357 01:09:08,439 --> 01:09:10,559 Speaker 1: for the first time in history. The cabinet is a 1358 01:09:10,560 --> 01:09:13,439 Speaker 1: majority female for the first time in history. A majority 1359 01:09:13,439 --> 01:09:16,639 Speaker 1: of White House senior staff identify as female, forty percent 1360 01:09:16,800 --> 01:09:19,519 Speaker 1: of White House senior staff identify as part of the 1361 01:09:19,680 --> 01:09:23,120 Speaker 1: racially diverse communities, and a record seven assistants to the 1362 01:09:23,160 --> 01:09:26,799 Speaker 1: President's are openly LGBTQ plus. So again, this is something 1363 01:09:26,840 --> 01:09:30,400 Speaker 1: that the President prides himself on that he actually has 1364 01:09:30,479 --> 01:09:34,200 Speaker 1: taken action to show the diversity of this administration. That, 1365 01:09:34,560 --> 01:09:37,480 Speaker 1: more than anything, is the ruling ideology of the Biden administration. 1366 01:09:37,640 --> 01:09:40,800 Speaker 1: They are considered people for their most senior appointments. How 1367 01:09:40,840 --> 01:09:43,120 Speaker 1: about answer this question, how many of them went to 1368 01:09:43,160 --> 01:09:46,679 Speaker 1: East Palestine before the day of that briefing? Answer zero. 1369 01:09:47,080 --> 01:09:49,200 Speaker 1: That's the only answer that should matter. But what we've 1370 01:09:49,280 --> 01:09:51,479 Speaker 1: learned now through the last two years is one that 1371 01:09:51,560 --> 01:09:54,000 Speaker 1: matters probably the least, and it's a problem that has 1372 01:09:54,040 --> 01:09:56,240 Speaker 1: been at the heart of the Buddha Judge and competence story. 1373 01:09:56,400 --> 01:09:58,880 Speaker 1: The Secretary of Transportation is gay. Did you know that 1374 01:09:59,160 --> 01:10:01,840 Speaker 1: How could you not when the airlines were melting down 1375 01:10:01,880 --> 01:10:04,559 Speaker 1: and they were busting railway unions warning about the disaster 1376 01:10:04,640 --> 01:10:07,439 Speaker 1: to come on Norfolk Southern, Where was buddhaj Edge. He 1377 01:10:07,600 --> 01:10:11,000 Speaker 1: was on CNN pushing for the gay marriage bill. All 1378 01:10:11,040 --> 01:10:14,320 Speaker 1: of us know he cares more about that than actually 1379 01:10:14,520 --> 01:10:17,880 Speaker 1: doing his job, and apparently that's all the President expects 1380 01:10:17,880 --> 01:10:20,320 Speaker 1: of him after doing him a favor and appointing to 1381 01:10:20,320 --> 01:10:23,400 Speaker 1: the position. This problem pervades all of government right now, 1382 01:10:23,520 --> 01:10:26,479 Speaker 1: even the person at the altar, Karine Jean Pierre. She 1383 01:10:26,680 --> 01:10:29,599 Speaker 1: is so terrible at her job that when it matters 1384 01:10:30,439 --> 01:10:32,639 Speaker 1: matters of national security, you have to be discussed. They 1385 01:10:32,760 --> 01:10:36,719 Speaker 1: forced Pentagon Press Secretary John Kirby to come over from 1386 01:10:36,760 --> 01:10:40,120 Speaker 1: the Pentagon and deliver the talking points because they don't 1387 01:10:40,160 --> 01:10:42,840 Speaker 1: want her to screw up anything important when it comes 1388 01:10:42,880 --> 01:10:45,680 Speaker 1: to Ukraine. He had never had to do that when 1389 01:10:45,760 --> 01:10:48,320 Speaker 1: Jensaki was the Press secretary. I will also tell you 1390 01:10:48,360 --> 01:10:50,280 Speaker 1: this from my New Year's as a White House correspondent. 1391 01:10:50,520 --> 01:10:54,320 Speaker 1: The only time the Press secretary ever relinquishes the White 1392 01:10:54,320 --> 01:10:58,040 Speaker 1: House podium is to a senior government policy official who 1393 01:10:58,080 --> 01:11:02,880 Speaker 1: is supposed to answer detailed qui questions about policy. Never 1394 01:11:03,240 --> 01:11:06,599 Speaker 1: to a more junior press secretary. The White House Press 1395 01:11:06,640 --> 01:11:10,600 Speaker 1: secretary is supposed to be the premier US government spokesperson, 1396 01:11:10,880 --> 01:11:13,920 Speaker 1: but they can't fire her even though anyone with eyes 1397 01:11:14,080 --> 01:11:17,559 Speaker 1: knows she's terrible, because all Biden and apparently the media 1398 01:11:17,680 --> 01:11:20,120 Speaker 1: talk about is how she's the first black, gay woman 1399 01:11:20,160 --> 01:11:23,160 Speaker 1: to be the press secretary. That's great, but performance apparently 1400 01:11:23,240 --> 01:11:27,120 Speaker 1: doesn't matter. Or take our own Vice President Kamala Harris. Literally, 1401 01:11:27,160 --> 01:11:29,040 Speaker 1: all of us know that she was not picked because 1402 01:11:29,040 --> 01:11:30,960 Speaker 1: of her ability to do the job. She's the worst 1403 01:11:31,000 --> 01:11:34,000 Speaker 1: performing candidate in the twenty twenty Democratic primary, often losing 1404 01:11:34,040 --> 01:11:36,960 Speaker 1: to people like Andrew Yang in her own home state polls. 1405 01:11:37,080 --> 01:11:40,599 Speaker 1: She was picked because she checked diversity box. Apparently doesn't 1406 01:11:40,640 --> 01:11:42,960 Speaker 1: matter that she holds one of the lowest approval ratings 1407 01:11:42,960 --> 01:11:46,200 Speaker 1: for a vice president in modern American history, despite having 1408 01:11:46,320 --> 01:11:49,920 Speaker 1: zero responsibility. Why am I harping on this? Because affirmative 1409 01:11:49,960 --> 01:11:52,439 Speaker 1: action is quickly becoming the religion of the elite in 1410 01:11:52,479 --> 01:11:55,559 Speaker 1: this country. We are only likely to have more Secretary 1411 01:11:55,560 --> 01:11:59,240 Speaker 1: Buddha Judges, vice President Harris's, and Press Secretary Jean Pierre's 1412 01:11:59,360 --> 01:12:01,880 Speaker 1: as the years go on. In his first months in office, 1413 01:12:01,920 --> 01:12:05,040 Speaker 1: Biden signed an Executive Order on quote Diversity, Equity and 1414 01:12:05,120 --> 01:12:09,200 Speaker 1: Inclusion Accessibility in the Federal Workforce. The order quote establishes, 1415 01:12:09,240 --> 01:12:11,840 Speaker 1: it is the policy of the administration to cultivate a 1416 01:12:11,840 --> 01:12:14,240 Speaker 1: workforce that draws from the full diversity of the nation. 1417 01:12:14,640 --> 01:12:16,920 Speaker 1: So how does it do that Well? It creates an 1418 01:12:16,960 --> 01:12:20,160 Speaker 1: affirmative action regime that we have at major corporations and 1419 01:12:20,240 --> 01:12:24,639 Speaker 1: creates them in every department of government, including effective hiring 1420 01:12:24,720 --> 01:12:27,800 Speaker 1: quotas throughout the entire federal government. Just days ago, the 1421 01:12:27,800 --> 01:12:31,360 Speaker 1: Biden administration released the first Diversity, Equity and Inclusion report 1422 01:12:31,520 --> 01:12:34,560 Speaker 1: from the federal government, with an increase in quote representation 1423 01:12:34,680 --> 01:12:38,080 Speaker 1: for women and some communities of color. The report effectively 1424 01:12:38,120 --> 01:12:41,720 Speaker 1: shows that racial hiring quotas and identity based ones like 1425 01:12:41,800 --> 01:12:46,519 Speaker 1: sexual orientation are the new signifiers of status for government employment. Worse, 1426 01:12:47,240 --> 01:12:49,880 Speaker 1: a new director of the Office of Personnel Management says 1427 01:12:49,880 --> 01:12:52,240 Speaker 1: that the goal of the Biden administration is to have 1428 01:12:52,320 --> 01:12:57,400 Speaker 1: the federal government set affirmative action standards for every employer 1429 01:12:57,520 --> 01:13:01,080 Speaker 1: in the nation. Why is this bad? Government is already 1430 01:13:01,120 --> 01:13:03,760 Speaker 1: the largest employer in the whole country. They are trying 1431 01:13:03,800 --> 01:13:07,920 Speaker 1: to spread this poison to the HR department of every large, 1432 01:13:08,040 --> 01:13:11,120 Speaker 1: mid and small corporation in the world. The consequences of 1433 01:13:11,160 --> 01:13:15,120 Speaker 1: ditching merit almost entirely cannot be overstated. Already, top law 1434 01:13:15,120 --> 01:13:18,360 Speaker 1: schools medic schools in the country are coordinated scheme to 1435 01:13:18,479 --> 01:13:22,720 Speaker 1: de emphasize objective merit criteria like GPA, LSAT, MCAT and 1436 01:13:22,800 --> 01:13:26,599 Speaker 1: other test scores to preserve a racial admissions regime. They 1437 01:13:26,640 --> 01:13:29,439 Speaker 1: are literally going to rig the system, burn hundreds of 1438 01:13:29,520 --> 01:13:32,040 Speaker 1: years of academic credibility that they have built up just 1439 01:13:32,080 --> 01:13:35,519 Speaker 1: to ensure their idealized racial makeup of their student body, 1440 01:13:35,680 --> 01:13:38,799 Speaker 1: and that by definition, determines the higher elite of this country. 1441 01:13:39,000 --> 01:13:41,639 Speaker 1: As I have asked in previous monologues, can you actually 1442 01:13:41,640 --> 01:13:44,000 Speaker 1: have confidence that your doctor knows what the hell they 1443 01:13:44,000 --> 01:13:46,320 Speaker 1: are doing in ten years, or that your lawyer you 1444 01:13:46,400 --> 01:13:48,719 Speaker 1: need to see said doctor knows what they're doing either, 1445 01:13:49,120 --> 01:13:52,200 Speaker 1: Or how about your president or your secretary of transportation, 1446 01:13:52,600 --> 01:13:56,240 Speaker 1: or your boss or your list goes on forever. I 1447 01:13:56,400 --> 01:13:58,360 Speaker 1: like to think at a certain point a system this 1448 01:13:58,479 --> 01:14:01,920 Speaker 1: week will fail. Maybe that's true, but how many people 1449 01:14:01,960 --> 01:14:04,439 Speaker 1: are going to miss out on opportunities or suffer under 1450 01:14:04,439 --> 01:14:08,040 Speaker 1: bad leadership until the fix actually comes? Only time will tell. 1451 01:14:08,360 --> 01:14:10,479 Speaker 1: Curious what your take on this, Ryan I know, Crystal's 1452 01:14:10,520 --> 01:14:16,760 Speaker 1: very against Ryan. You're taking a look at something. What 1453 01:14:16,840 --> 01:14:21,320 Speaker 1: is it? Yeah, So over the weekend I was reading 1454 01:14:21,479 --> 01:14:24,360 Speaker 1: a book that's coming out in May called Plunder, if 1455 01:14:24,400 --> 01:14:26,639 Speaker 1: we can put that up in it, And I've been 1456 01:14:26,640 --> 01:14:29,160 Speaker 1: covering yeah, and you have two private equity for years, 1457 01:14:29,200 --> 01:14:32,439 Speaker 1: and I'm glad somebody is doing a real full treatment 1458 01:14:32,479 --> 01:14:35,000 Speaker 1: on this. And so I wanted to do something a 1459 01:14:35,000 --> 01:14:37,599 Speaker 1: little different here and have a little fun with some 1460 01:14:37,800 --> 01:14:41,200 Speaker 1: monopoly money because because what I realized is that I 1461 01:14:41,200 --> 01:14:45,320 Speaker 1: think a lot of people don't quite understand the scam 1462 01:14:45,400 --> 01:14:48,320 Speaker 1: that is private equity and the fact that it only 1463 01:14:48,439 --> 01:14:52,280 Speaker 1: exists because our laws allow it to exist, and therefore 1464 01:14:52,880 --> 01:14:56,880 Speaker 1: we can rewrite those laws so we can shovel it 1465 01:14:56,920 --> 01:14:58,800 Speaker 1: in a more productive right. It didn't exist in the 1466 01:14:58,840 --> 01:15:02,240 Speaker 1: nineteen seventies, for exam, Right in nineteen eighties you saw 1467 01:15:02,240 --> 01:15:04,320 Speaker 1: the actually on her first under Carter and then Reagan, 1468 01:15:04,400 --> 01:15:06,719 Speaker 1: you saw the advent of what were then called corporate 1469 01:15:06,760 --> 01:15:11,160 Speaker 1: raiders and which helped produce the SNL crisis. And they 1470 01:15:11,200 --> 01:15:14,080 Speaker 1: then changed their name basically to private Equity. There now, 1471 01:15:14,080 --> 01:15:16,000 Speaker 1: if you notice they're changing their name again now they're 1472 01:15:16,040 --> 01:15:19,160 Speaker 1: like just investment firms and like they're even trying like that, 1473 01:15:19,240 --> 01:15:21,960 Speaker 1: And that's how you know something is deeply toxicvisory right 1474 01:15:22,000 --> 01:15:24,719 Speaker 1: they when they have to keep changing their name, That's 1475 01:15:24,760 --> 01:15:26,360 Speaker 1: that's how you know something is wrong. And when you 1476 01:15:26,439 --> 01:15:29,160 Speaker 1: keep seeing kind of financial crises associated with them, that's 1477 01:15:29,160 --> 01:15:32,360 Speaker 1: probably also a bad sign. So let's pretend that you're 1478 01:15:32,520 --> 01:15:35,559 Speaker 1: you're a retailer, and we can do you know, let's 1479 01:15:35,640 --> 01:15:38,599 Speaker 1: let's call you shop COO in honor of Emily, because 1480 01:15:38,600 --> 01:15:41,920 Speaker 1: this is a this was a huge kind of institution. 1481 01:15:42,320 --> 01:15:44,960 Speaker 1: We can put up this second one here, a huge 1482 01:15:44,960 --> 01:15:50,080 Speaker 1: institution in like Wisconsin and also the Midwest, like shopco was, 1483 01:15:50,280 --> 01:15:52,640 Speaker 1: you know, for decades the thing, and they were a 1484 01:15:52,680 --> 01:15:57,519 Speaker 1: real pioneer in bringing in drug stores and other retail 1485 01:15:57,600 --> 01:15:59,679 Speaker 1: and like I think I think they were the first 1486 01:15:59,680 --> 01:16:01,920 Speaker 1: that ever a scanner like So this was this is 1487 01:16:01,960 --> 01:16:05,120 Speaker 1: not like somebody that got you know, washed over by 1488 01:16:05,200 --> 01:16:07,000 Speaker 1: like the Amazon wave. This was a this is a 1489 01:16:07,040 --> 01:16:10,360 Speaker 1: serious company. So they got hundreds of stores. So a 1490 01:16:10,360 --> 01:16:13,439 Speaker 1: private equity come come, private equity company comes in, and 1491 01:16:13,479 --> 01:16:16,080 Speaker 1: they say, look, they ended up buying it for a 1492 01:16:16,080 --> 01:16:19,839 Speaker 1: billion dollars, but they put up let's say about twenty 1493 01:16:20,400 --> 01:16:24,080 Speaker 1: of their own dollars. Then they go out and they 1494 01:16:24,120 --> 01:16:27,679 Speaker 1: go to pension funds. They get another two hundred billion 1495 01:16:27,720 --> 01:16:29,640 Speaker 1: dollars there, So how do they buy it for a 1496 01:16:29,680 --> 01:16:33,800 Speaker 1: billion dollars? They go to you, they're like, we want 1497 01:16:34,120 --> 01:16:37,000 Speaker 1: we want you to take out a loan. So you're 1498 01:16:37,040 --> 01:16:40,880 Speaker 1: going to take out basically an eight hundred million dollar 1499 01:16:41,120 --> 01:16:43,320 Speaker 1: So I take out the loan loan, right, so you're 1500 01:16:43,360 --> 01:16:46,200 Speaker 1: you're taking out that loan. So now they're using all 1501 01:16:46,240 --> 01:16:49,240 Speaker 1: of these they're using your business as collateral. But your 1502 01:16:49,240 --> 01:16:51,120 Speaker 1: that's not your money. Yes, so you have to give 1503 01:16:51,160 --> 01:16:54,360 Speaker 1: that to the owners of Shopco. But you in order 1504 01:16:54,360 --> 01:16:56,640 Speaker 1: to kind of bribe you, I get to keep on 1505 01:16:56,760 --> 01:16:59,120 Speaker 1: you're the old Yeah, you're the old executives, because why 1506 01:16:59,120 --> 01:17:01,360 Speaker 1: would executive sign off on this terrible deal because they 1507 01:17:01,360 --> 01:17:02,840 Speaker 1: get to walk They get to walk away with that money. 1508 01:17:02,880 --> 01:17:05,080 Speaker 1: I get the payout, all right, So so this money's 1509 01:17:05,080 --> 01:17:08,200 Speaker 1: gone all right, Now I want a little bit of 1510 01:17:08,200 --> 01:17:11,240 Speaker 1: dividend for all the hard work that I did, right yep. 1511 01:17:11,280 --> 01:17:12,680 Speaker 1: But you don't have any money and you're and you're 1512 01:17:12,760 --> 01:17:16,360 Speaker 1: highly leveraged. Yes, tell you what, We're going to make 1513 01:17:16,400 --> 01:17:20,320 Speaker 1: you a two hundred million dollar loan. Huh. That is 1514 01:17:20,360 --> 01:17:23,840 Speaker 1: also on top of on top of your assets here, right, 1515 01:17:23,880 --> 01:17:25,960 Speaker 1: So we're going to leverage you a little bit higher. Okay, 1516 01:17:26,560 --> 01:17:28,559 Speaker 1: but hand that back to me. Okay. Now, this is 1517 01:17:28,960 --> 01:17:30,320 Speaker 1: it's a form of a dividend. It's a form of 1518 01:17:30,320 --> 01:17:33,800 Speaker 1: a because these are profits. Yes, we ran a business. Yeah, 1519 01:17:34,360 --> 01:17:38,000 Speaker 1: congratulations to us. We made a profit. So we started 1520 01:17:38,000 --> 01:17:42,200 Speaker 1: with twenty Yeah we're in the back. Yeah, we're already 1521 01:17:42,200 --> 01:17:43,960 Speaker 1: looking good. And we'll give we'll give maybe one hundred 1522 01:17:43,960 --> 01:17:46,160 Speaker 1: of this to the pension pension, right, they get on there. 1523 01:17:46,360 --> 01:17:50,439 Speaker 1: So the private equifirm itself has already has already, so 1524 01:17:50,479 --> 01:17:52,960 Speaker 1: they just made a profit. They've already already made a profit. Okay. 1525 01:17:53,439 --> 01:17:55,720 Speaker 1: Now I have all this debt, yes, and so so 1526 01:17:55,720 --> 01:17:57,080 Speaker 1: that's that's a problem. So how are you going to 1527 01:17:57,120 --> 01:17:59,519 Speaker 1: pay off this debt? There are two ways we can 1528 01:17:59,560 --> 01:18:01,639 Speaker 1: make more money, where we can fire people and reduced expenses. 1529 01:18:01,640 --> 01:18:03,760 Speaker 1: There's actually a third way that private equity has figured out, 1530 01:18:03,800 --> 01:18:07,240 Speaker 1: which is you actually own because you're a smart business, 1531 01:18:07,360 --> 01:18:11,120 Speaker 1: you actually own all of these stores. Oh real estate. Okay, 1532 01:18:11,200 --> 01:18:13,960 Speaker 1: you own the real estate under there. So what we'd 1533 01:18:14,000 --> 01:18:16,080 Speaker 1: like you to do and actually we're just going to 1534 01:18:16,160 --> 01:18:17,840 Speaker 1: force you to do it, So you'd like you to 1535 01:18:17,960 --> 01:18:20,800 Speaker 1: sell all of all of those properties and then you 1536 01:18:21,160 --> 01:18:23,120 Speaker 1: they call it a lease back, then you're gonna lease 1537 01:18:23,120 --> 01:18:26,719 Speaker 1: it back. And so they ended up selling this one's ripped. 1538 01:18:27,240 --> 01:18:30,720 Speaker 1: They ended up selling all of their store, like the 1539 01:18:30,840 --> 01:18:35,240 Speaker 1: property underneath it, for eight hundred million dollars a lot 1540 01:18:35,240 --> 01:18:37,720 Speaker 1: of money. Right. Yeah, Hey, because you own a lot 1541 01:18:37,800 --> 01:18:40,240 Speaker 1: of property, can I have that back? Now you have 1542 01:18:40,320 --> 01:18:43,400 Speaker 1: it back? Yeah, I appreciate that. Okay, thank you very much. Yes, 1543 01:18:43,560 --> 01:18:48,000 Speaker 1: Now you have rent before in hard times because you 1544 01:18:48,040 --> 01:18:50,479 Speaker 1: owned your property, never had rent. You didn't you didn't 1545 01:18:50,479 --> 01:18:52,439 Speaker 1: have rent, and you could actually borrow. Yeah, you could 1546 01:18:52,439 --> 01:18:54,679 Speaker 1: borrow against the equity cut to cover the hard times. 1547 01:18:55,040 --> 01:18:58,120 Speaker 1: In the good times, you're paying down. So now you 1548 01:18:58,120 --> 01:19:01,400 Speaker 1: don't have that. Now you also have your you're most 1549 01:19:01,400 --> 01:19:05,680 Speaker 1: of your operating income. It's now going to pay for 1550 01:19:05,760 --> 01:19:09,080 Speaker 1: the loans. Yes, right, that pay the uh to pay 1551 01:19:09,120 --> 01:19:11,200 Speaker 1: the interest. Yeah, we've that, we've that we've slapped on 1552 01:19:11,240 --> 01:19:14,920 Speaker 1: top of you. Also, I forgot to mention because of 1553 01:19:15,400 --> 01:19:18,920 Speaker 1: because we helped with these transactions, this loan that you 1554 01:19:19,000 --> 01:19:21,800 Speaker 1: took out, we're taking a fee for that, right of course. 1555 01:19:22,080 --> 01:19:24,360 Speaker 1: And actually actually on shop Co was a it was 1556 01:19:24,400 --> 01:19:27,280 Speaker 1: a million dollars a quarter just for the management fees. 1557 01:19:27,360 --> 01:19:30,439 Speaker 1: So we'll take this, but then we also took a 1558 01:19:30,479 --> 01:19:34,040 Speaker 1: few points for every little transaction we did. Course, also 1559 01:19:34,080 --> 01:19:36,639 Speaker 1: we'd like you to merge with some of these other 1560 01:19:37,080 --> 01:19:40,960 Speaker 1: shopping uh retailers. Seems reasonable that we have, and so 1561 01:19:41,000 --> 01:19:43,240 Speaker 1: we're going to do that merger. And so we're going 1562 01:19:43,240 --> 01:19:44,840 Speaker 1: to take a fee for that roll up and they 1563 01:19:44,880 --> 01:19:46,439 Speaker 1: take a fee up we're gon we're gonna take we're 1564 01:19:46,439 --> 01:19:49,559 Speaker 1: gonna take some more fees fees for that. And as 1565 01:19:49,680 --> 01:19:53,120 Speaker 1: as you said, now, uh, things are not as good. Uh, 1566 01:19:53,240 --> 01:19:57,320 Speaker 1: we've kind of cut back on quality. Uh, and the 1567 01:19:57,439 --> 01:19:59,120 Speaker 1: revenue is not coming in like it was, and so 1568 01:19:59,200 --> 01:20:01,880 Speaker 1: much revenue is going to pay off your loans. We're 1569 01:20:01,880 --> 01:20:05,639 Speaker 1: gonna have to do some layoffs, it happens, so we're 1570 01:20:05,640 --> 01:20:08,320 Speaker 1: gonna have to take a little bit more. We're gonna 1571 01:20:08,320 --> 01:20:11,120 Speaker 1: take a little bit more out of that. Now things 1572 01:20:11,240 --> 01:20:13,400 Speaker 1: things are really not going well at all. Things are 1573 01:20:13,400 --> 01:20:15,439 Speaker 1: looking good for you. Oh yeah, no, no no, don't worry 1574 01:20:15,439 --> 01:20:18,400 Speaker 1: about that. Yeah, yes, but for over here, things are 1575 01:20:18,400 --> 01:20:20,160 Speaker 1: not going very well. So we're gonna try to put 1576 01:20:20,160 --> 01:20:22,360 Speaker 1: it up for sale, see if we can sell to anybody. 1577 01:20:22,400 --> 01:20:25,360 Speaker 1: And so in a lot of situations they will be 1578 01:20:25,400 --> 01:20:27,960 Speaker 1: able to find somebody to buy it at cost or whatever, 1579 01:20:28,280 --> 01:20:30,920 Speaker 1: so they can just pocket the rest of this. In 1580 01:20:30,960 --> 01:20:34,080 Speaker 1: this case, nobody wanted to buy it, so they just 1581 01:20:34,560 --> 01:20:37,519 Speaker 1: liquidated it. So you still had two things. You've got 1582 01:20:37,560 --> 01:20:40,040 Speaker 1: all of the assets left that you haven't sold, and 1583 01:20:40,080 --> 01:20:42,680 Speaker 1: you have a pension fund. And so first we're going 1584 01:20:42,760 --> 01:20:48,040 Speaker 1: to sell off the assets. Appreciate it more, Yeah, appreciate that. 1585 01:20:48,479 --> 01:20:50,880 Speaker 1: And now you have a pension fund. So we're going 1586 01:20:50,960 --> 01:20:54,720 Speaker 1: to push the company into bankruptcy, and the bankruptcy goes 1587 01:20:54,760 --> 01:20:59,880 Speaker 1: to the federal the federal government's kind of bankruptcy protection firm. 1588 01:21:00,200 --> 01:21:02,599 Speaker 1: And so you'll still get paid about sixty to seventy 1589 01:21:02,600 --> 01:21:05,760 Speaker 1: percent of your pension. Well not me, I already got 1590 01:21:05,800 --> 01:21:09,440 Speaker 1: my paycheck, but that's true. The workers. Yeah, you're good. 1591 01:21:09,479 --> 01:21:11,920 Speaker 1: You're good, and we hired you as a consultant. It's cool. 1592 01:21:12,920 --> 01:21:15,240 Speaker 1: I appreciate all your advice. You helped us with some 1593 01:21:15,240 --> 01:21:19,880 Speaker 1: of these mergers. So here for your trouble. Take another, 1594 01:21:20,080 --> 01:21:22,840 Speaker 1: take another, take another bit of that, and then we 1595 01:21:23,320 --> 01:21:25,559 Speaker 1: liquidate the entire thing, and we take the pension fund 1596 01:21:26,479 --> 01:21:30,639 Speaker 1: and we use that to pay off our own pension 1597 01:21:30,680 --> 01:21:34,200 Speaker 1: funds or whatever other creditors we have and then let 1598 01:21:34,280 --> 01:21:37,880 Speaker 1: the federal government take care of step In and take 1599 01:21:37,920 --> 01:21:40,800 Speaker 1: the rest. And so in the shop cocase they bought 1600 01:21:40,800 --> 01:21:42,559 Speaker 1: it in like two thousand and five, it was bankrupt 1601 01:21:42,600 --> 01:21:46,599 Speaker 1: by twenty nineteen. So in fourteen years, the firm which 1602 01:21:46,640 --> 01:21:50,120 Speaker 1: is Marked Letters Firm. Actually that's if you remember the 1603 01:21:50,439 --> 01:21:52,920 Speaker 1: forty seven percent video of course, yeah, that was that 1604 01:21:52,960 --> 01:21:56,920 Speaker 1: Mark Letters house out I remember. So over that fourteen 1605 01:21:56,960 --> 01:22:02,200 Speaker 1: year period they made just an apps extraordinary amount of money, 1606 01:22:02,280 --> 01:22:07,840 Speaker 1: destroying a Wisconsin perfect institution. And so right, so we 1607 01:22:07,880 --> 01:22:14,840 Speaker 1: have set up a system that incentivizes destruction. And I 1608 01:22:14,840 --> 01:22:18,479 Speaker 1: think everyone across the political spectrum believes that we ought 1609 01:22:18,520 --> 01:22:20,800 Speaker 1: to have a capitalist system. That if you believe in 1610 01:22:20,800 --> 01:22:22,719 Speaker 1: a capitalist system, they got to have a capitalist system 1611 01:22:22,880 --> 01:22:29,680 Speaker 1: that incentivizes production, production, development, building something good. And there 1612 01:22:29,680 --> 01:22:32,080 Speaker 1: are lots of easy fixes that you go in and say, 1613 01:22:32,400 --> 01:22:35,280 Speaker 1: because the other reason that they sell a lot of 1614 01:22:35,320 --> 01:22:38,880 Speaker 1: these properties is that because they have reduced investments, they've 1615 01:22:38,920 --> 01:22:41,000 Speaker 1: laid off so many people. Now they end up becoming 1616 01:22:41,040 --> 01:22:42,800 Speaker 1: liable for a lot of things that are going on 1617 01:22:42,840 --> 01:22:46,680 Speaker 1: at these stores or at nursing homes or addiction facilities. 1618 01:22:47,760 --> 01:22:51,880 Speaker 1: The statistics show that people die in private equity owned 1619 01:22:51,920 --> 01:22:56,240 Speaker 1: nursing facilities at a much higher rate than they do beforehand. 1620 01:22:56,880 --> 01:23:00,280 Speaker 1: And so then a family wants to sue and guess what, A, 1621 01:23:00,600 --> 01:23:03,680 Speaker 1: you don't own the property, that's right, yeah, And b 1622 01:23:04,200 --> 01:23:07,920 Speaker 1: that one little facility is often owned by just an LLC. 1623 01:23:08,320 --> 01:23:11,120 Speaker 1: So you think it's a chain, but it's not. Actually 1624 01:23:11,120 --> 01:23:13,800 Speaker 1: there's separate show not actually channymore so you can so 1625 01:23:14,040 --> 01:23:15,960 Speaker 1: as they left, what you do with some of that 1626 01:23:16,040 --> 01:23:18,640 Speaker 1: money is you take one of those measly tens and 1627 01:23:18,680 --> 01:23:22,439 Speaker 1: you donate it to a lawmaker. Here's for the Democrats, right, 1628 01:23:22,680 --> 01:23:24,720 Speaker 1: here's for the Republicans. So that in the middle of 1629 01:23:24,840 --> 01:23:28,080 Speaker 1: let's say a build back Better Plan or what was 1630 01:23:28,080 --> 01:23:31,040 Speaker 1: the Inflation Reduction Act that a senator from Arizona, here's 1631 01:23:31,040 --> 01:23:34,360 Speaker 1: an internship for Kierson Cinema who interned at a private equity, 1632 01:23:34,439 --> 01:23:38,720 Speaker 1: private equity owned winery, and then she voted specifically with 1633 01:23:38,760 --> 01:23:41,519 Speaker 1: the Republicans of that time to keep a tax loop 1634 01:23:41,560 --> 01:23:44,720 Speaker 1: right for the private equity industry, which protects all those 1635 01:23:44,720 --> 01:23:47,040 Speaker 1: profits right over there, so they pay less of a 1636 01:23:47,080 --> 01:23:49,920 Speaker 1: tax rate than a small business like let's say breaking Points, 1637 01:23:50,000 --> 01:23:52,240 Speaker 1: or an individual like let's say how many was watching 1638 01:23:52,280 --> 01:23:54,280 Speaker 1: the show and that's how corrupt it is. We didn't 1639 01:23:54,280 --> 01:23:57,400 Speaker 1: even get to the tax treatment of their income because 1640 01:23:57,880 --> 01:23:59,960 Speaker 1: they're making all this money even if they were paid regular, 1641 01:24:00,040 --> 01:24:02,599 Speaker 1: even if they're paying regular, take billionaires, they'd be still 1642 01:24:02,640 --> 01:24:04,640 Speaker 1: pulling it in. But right, they do this two and 1643 01:24:04,720 --> 01:24:08,439 Speaker 1: twenty thing where they they say that all of this 1644 01:24:08,600 --> 01:24:11,479 Speaker 1: money they made, all of this money, they say that 1645 01:24:11,560 --> 01:24:15,200 Speaker 1: this was investment income. But if you remember from the beginning, 1646 01:24:15,439 --> 01:24:17,960 Speaker 1: it put this so much down, right, So that's like 1647 01:24:18,040 --> 01:24:21,880 Speaker 1: me saying, like I bought I bought a jacket to 1648 01:24:21,960 --> 01:24:25,240 Speaker 1: work here at breaking points, and therefore all the money 1649 01:24:25,240 --> 01:24:27,880 Speaker 1: that I makes an investment, Like, no, I should do 1650 01:24:27,880 --> 01:24:30,240 Speaker 1: that sounds like let's try that. It sounds like, yeah, 1651 01:24:30,240 --> 01:24:32,679 Speaker 1: I'm gonna tell the accounts. They'll lock us up. They won't, 1652 01:24:32,680 --> 01:24:34,280 Speaker 1: they won't lock them up for it. That's right. Yeah, 1653 01:24:34,280 --> 01:24:36,000 Speaker 1: we would go to tail. We tried. So this is 1654 01:24:36,479 --> 01:24:39,559 Speaker 1: it's obviously not investment income they're doing. They're doing work 1655 01:24:39,920 --> 01:24:44,080 Speaker 1: like they're doing there, they're doing financial advice and financial transactions. 1656 01:24:44,200 --> 01:24:47,439 Speaker 1: These are not investments. And so they eat so that 1657 01:24:47,479 --> 01:24:50,240 Speaker 1: twenty percent that they take off the top like that 1658 01:24:50,320 --> 01:24:52,720 Speaker 1: obviously should not. You know, they even then their management 1659 01:24:52,760 --> 01:24:56,000 Speaker 1: fee they do this bizarre thing where they call it 1660 01:24:56,200 --> 01:24:57,920 Speaker 1: they say, we're actually not going to take a fee, 1661 01:24:58,080 --> 01:25:00,960 Speaker 1: We're going to waive our fee, but where then we're 1662 01:25:00,960 --> 01:25:03,840 Speaker 1: going to get twenty two percent of our money. And 1663 01:25:03,840 --> 01:25:06,559 Speaker 1: they structure it so they're always going to get their 1664 01:25:06,600 --> 01:25:09,639 Speaker 1: two percent fee. But then they call their two percent 1665 01:25:09,680 --> 01:25:14,760 Speaker 1: fee an investment income rather than a management fee. Like 1666 01:25:14,880 --> 01:25:17,640 Speaker 1: even more corrupt. But that's what's so many. It's just 1667 01:25:17,640 --> 01:25:19,519 Speaker 1: a little two percent, like they did all of this, 1668 01:25:20,400 --> 01:25:22,639 Speaker 1: but they're even going to squeeze that louts. They'll squeeze 1669 01:25:22,680 --> 01:25:26,080 Speaker 1: every every single cent little. That is how they became billionaires. 1670 01:25:26,800 --> 01:25:30,240 Speaker 1: So I've talked about this before. The Forbes four hundred 1671 01:25:30,320 --> 01:25:34,120 Speaker 1: lists the new billionaires. The easiest way to become a 1672 01:25:34,160 --> 01:25:36,479 Speaker 1: new billionaire in the United States today is not to 1673 01:25:36,520 --> 01:25:39,920 Speaker 1: create a Tesla, is not to create an Amazon. It's 1674 01:25:39,960 --> 01:25:43,080 Speaker 1: not to create a business that, let's say you're making 1675 01:25:43,160 --> 01:25:46,400 Speaker 1: masks in the United States. It's to do exactly what 1676 01:25:46,439 --> 01:25:48,240 Speaker 1: you're talking about here. The vast majority of the new 1677 01:25:48,280 --> 01:25:51,240 Speaker 1: billionaires in the United States are financial billionaires. They are 1678 01:25:51,280 --> 01:25:55,000 Speaker 1: not people who have created value or really created a 1679 01:25:55,000 --> 01:25:57,960 Speaker 1: company industry at all. So it's you know, if anything, 1680 01:25:57,960 --> 01:26:00,000 Speaker 1: it distorts it to look at the Elons and the Bezos. 1681 01:26:00,120 --> 01:26:02,519 Speaker 1: It's like, I wish everybody got rich that way. They don't. Yeah, 1682 01:26:02,560 --> 01:26:06,479 Speaker 1: and over something like the last ten years, like more 1683 01:26:06,520 --> 01:26:09,960 Speaker 1: than a million something two million retail jobs lost in 1684 01:26:10,000 --> 01:26:13,600 Speaker 1: private equity owned retail operations, yet the sector as a 1685 01:26:13,640 --> 01:26:16,280 Speaker 1: whole has like added more than a million jobs. So 1686 01:26:16,880 --> 01:26:19,120 Speaker 1: private equity will tell you, well, it's all Amazon. Yeah, 1687 01:26:19,120 --> 01:26:21,200 Speaker 1: there's no brick and mortar. Yes, there's a lot of 1688 01:26:21,360 --> 01:26:26,840 Speaker 1: Amazon influence. But the job losses are coming purposefully through destruction, 1689 01:26:27,200 --> 01:26:29,599 Speaker 1: and the rest of the retail industry is actually still 1690 01:26:29,640 --> 01:26:34,280 Speaker 1: adding jobs because they're not trying to destroy the company 1691 01:26:34,479 --> 01:26:38,240 Speaker 1: and liquidate it. Yeah. Well, smart stuff. This is actually 1692 01:26:38,280 --> 01:26:40,400 Speaker 1: very educational. I think people will enjoy it. So it 1693 01:26:40,479 --> 01:26:42,479 Speaker 1: was a good segment. And congratulations, thank you sir. I 1694 01:26:42,520 --> 01:26:44,040 Speaker 1: appreciate that very much. Thank you very much so much, 1695 01:26:44,040 --> 01:26:45,519 Speaker 1: just sitting in for Crystal. You did a great job. 1696 01:26:45,560 --> 01:26:47,840 Speaker 1: I think everybody will agree, and we will see you. Oh, 1697 01:26:47,880 --> 01:26:50,040 Speaker 1: you guys are gonna have counterpoints tomorrow, so look out 1698 01:26:50,040 --> 01:26:52,679 Speaker 1: for more Ryan and Emily tomorrow. Crystal be back on Thursday, 1699 01:26:52,760 --> 01:27:05,120 Speaker 1: so we'll see you guys. Then have a great weekend. Everybody,