1 00:00:02,360 --> 00:00:05,080 Speaker 1: We have to talk about the auto pen scandal some more. 2 00:00:05,240 --> 00:00:07,280 Speaker 1: There's new things out and we have to discuss it. 3 00:00:07,360 --> 00:00:10,840 Speaker 1: The Supreme Court did something good again, we have all 4 00:00:10,880 --> 00:00:13,600 Speaker 1: that Jerome Palell getting the heave ho from the Fed, 5 00:00:13,640 --> 00:00:15,000 Speaker 1: and so much more coming up on them. 6 00:00:15,080 --> 00:00:15,240 Speaker 2: Right. 7 00:00:24,920 --> 00:00:28,040 Speaker 1: I don't think we have to do something. And before 8 00:00:28,080 --> 00:00:30,880 Speaker 1: we dig into this Joe Biden auto pen stuff, I 9 00:00:30,920 --> 00:00:34,960 Speaker 1: need to explain why. Because when we talk about Joe Biden, 10 00:00:35,000 --> 00:00:38,120 Speaker 1: anything about the Joe Biden era, whether it's autopen or 11 00:00:38,159 --> 00:00:42,280 Speaker 1: the the illegals, whatever it is, there is a tendency, 12 00:00:42,360 --> 00:00:45,479 Speaker 1: an understandable tendency to say, Okay, yeah, it sucked. We 13 00:00:45,520 --> 00:00:49,360 Speaker 1: all know it sucked. Can't we just move on? It's 14 00:00:49,440 --> 00:00:53,559 Speaker 1: over now, right, let's just move on. That is the tendency. 15 00:00:54,120 --> 00:00:57,639 Speaker 1: But listen that way of thinking. If that's where you're 16 00:00:57,640 --> 00:00:59,160 Speaker 1: at now, we got too many problems now, I don't 17 00:00:59,160 --> 00:01:01,680 Speaker 1: want to deal with it. If that is your way 18 00:01:01,720 --> 00:01:07,200 Speaker 1: of thinking, then you should understand that's why no elites 19 00:01:07,200 --> 00:01:12,959 Speaker 1: ever go down ever that exact way of thinking. These 20 00:01:13,040 --> 00:01:15,920 Speaker 1: people in government, wealthy people all the time. We'll focus 21 00:01:15,959 --> 00:01:19,760 Speaker 1: on government people for now. They commit crimes, They do 22 00:01:19,880 --> 00:01:23,520 Speaker 1: horrific things with their positions of power in the government, 23 00:01:24,280 --> 00:01:27,120 Speaker 1: and then well, there's always a new scandal, isn't there. 24 00:01:27,200 --> 00:01:29,679 Speaker 1: There's always a new house, there's new Senate races, a 25 00:01:29,720 --> 00:01:32,759 Speaker 1: new presidential race. People have new scandals, new problems, new 26 00:01:32,760 --> 00:01:35,360 Speaker 1: good things, new bad things, and people just kind of 27 00:01:35,360 --> 00:01:38,520 Speaker 1: want to move on. I'm just not interested in it. 28 00:01:39,080 --> 00:01:44,480 Speaker 1: That mentality has crushed us. The lack of justice in 29 00:01:44,520 --> 00:01:50,080 Speaker 1: this country, meaning wealthy people, elite people being held to account. 30 00:01:50,320 --> 00:01:55,200 Speaker 1: The lack of justice in this country is crushing this country. 31 00:01:55,560 --> 00:01:58,520 Speaker 1: And the mentality of it's over, We're done with it, 32 00:01:58,640 --> 00:02:02,840 Speaker 1: Let's move on. That is killing us. We have got 33 00:02:02,840 --> 00:02:05,200 Speaker 1: to change that mentality, and we have got to start 34 00:02:05,200 --> 00:02:10,320 Speaker 1: pressing our representatives to change how they act. The COVID. 35 00:02:10,800 --> 00:02:12,680 Speaker 1: How many times have I brought up a COVID reckoning 36 00:02:12,680 --> 00:02:15,000 Speaker 1: you do? Haven't let that go? Oh, Jesse, let it go. 37 00:02:15,080 --> 00:02:17,960 Speaker 1: It was a bad time. Yeah. A bunch of people 38 00:02:17,960 --> 00:02:19,799 Speaker 1: turn into evil tyrants and I want them all thrown 39 00:02:19,840 --> 00:02:25,639 Speaker 1: in prison. That's justice. So back to Joe Biden's auto pen. 40 00:02:26,680 --> 00:02:30,799 Speaker 1: We have more details, but we have to explain something. 41 00:02:31,880 --> 00:02:36,239 Speaker 1: The New York Times ran in an article on Joe 42 00:02:36,240 --> 00:02:40,359 Speaker 1: Biden's auto pen stuff, The New York Times. Keep in mind, 43 00:02:40,480 --> 00:02:43,120 Speaker 1: this is a this is a publication, if we want 44 00:02:43,120 --> 00:02:44,720 Speaker 1: to call I was about to call it a tabloid 45 00:02:45,480 --> 00:02:48,400 Speaker 1: that has been called the Treason Times on multiple occasions. 46 00:02:48,440 --> 00:02:50,240 Speaker 1: Believe that was a cultru who actually called him that? 47 00:02:51,160 --> 00:02:55,760 Speaker 1: The New York Times is a communist front. It has 48 00:02:55,800 --> 00:02:58,800 Speaker 1: been for a very very long time. They will destroy 49 00:02:58,880 --> 00:03:02,680 Speaker 1: Republicans every chance that get. They will protect and able 50 00:03:03,280 --> 00:03:07,400 Speaker 1: push forward Democrats every single chance they get. So they 51 00:03:07,480 --> 00:03:13,560 Speaker 1: run this piece. Jeff Zintz Sience, Joe Biden's chief of staff. 52 00:03:15,240 --> 00:03:20,040 Speaker 1: What did he do? He used the autopen apparently gave 53 00:03:20,080 --> 00:03:23,840 Speaker 1: permission to use the autopen all those pardons. Remember the 54 00:03:23,919 --> 00:03:26,359 Speaker 1: day the pardons came down, Not just the big ones, 55 00:03:26,400 --> 00:03:27,840 Speaker 1: you know, the faucis and those. We'll get to that 56 00:03:27,919 --> 00:03:31,000 Speaker 1: in a minute, but the volume of pardons this is 57 00:03:31,120 --> 00:03:33,440 Speaker 1: thousands and thousands, and everyone kind of looked around. Every 58 00:03:33,440 --> 00:03:36,640 Speaker 1: president does it, and it's always gross. I'll just point 59 00:03:36,680 --> 00:03:39,000 Speaker 1: that out. It's always gross. Every president does it. But 60 00:03:39,120 --> 00:03:41,480 Speaker 1: Joe Biden did it. I mean, he was just letting 61 00:03:41,880 --> 00:03:45,360 Speaker 1: scumbags out as many as he could. How did that happen? Well, 62 00:03:45,400 --> 00:03:49,080 Speaker 1: they just autopend it. Basically, they said, well, here's a list. Oh, 63 00:03:49,200 --> 00:03:52,120 Speaker 1: Joe sign this. You know, we have some additions to 64 00:03:52,160 --> 00:03:53,760 Speaker 1: the list. You know what, Joe doesn't need to sign it. 65 00:03:53,880 --> 00:03:56,520 Speaker 1: Let's just put the list out there. That that's a 66 00:03:56,520 --> 00:04:01,280 Speaker 1: really big deal. Now, the bigger deal is why did 67 00:04:01,320 --> 00:04:06,760 Speaker 1: the New York Times do this? Why? See Mark Halpern 68 00:04:06,840 --> 00:04:10,480 Speaker 1: on his show, he had an interesting little discovery about 69 00:04:10,480 --> 00:04:11,040 Speaker 1: this article. 70 00:04:11,040 --> 00:04:13,880 Speaker 2: He who was I thought Joe Biden was pretty good 71 00:04:13,880 --> 00:04:18,359 Speaker 2: in the interview, right, But if this were this is 72 00:04:18,360 --> 00:04:20,640 Speaker 2: Shoe were on the other foot, I can't believe The 73 00:04:20,640 --> 00:04:23,760 Speaker 2: New York Times wouldn't have gone and gotten Adam Shift's reaction. 74 00:04:24,040 --> 00:04:27,719 Speaker 2: There's no Republican reaction in that story. There's no legal 75 00:04:27,800 --> 00:04:30,839 Speaker 2: expert quoted in the story. Biden is now taking the 76 00:04:30,839 --> 00:04:34,320 Speaker 2: position that he could delegate Pardons, right, that's the position 77 00:04:34,360 --> 00:04:36,880 Speaker 2: they took in the story. Everything else is fine. That's 78 00:04:36,920 --> 00:04:40,240 Speaker 2: the one thing. So what a law professor's think about that? 79 00:04:40,640 --> 00:04:43,520 Speaker 2: What if Republicans think about that? It's an absent from 80 00:04:43,520 --> 00:04:45,880 Speaker 2: the story. I don't understand that as a matter of journalism. 81 00:04:45,960 --> 00:04:48,279 Speaker 2: And I guarantee you if it were Republican, they'd have 82 00:04:48,360 --> 00:04:50,960 Speaker 2: both those things, that they'd have some hysterical law professors 83 00:04:51,000 --> 00:04:53,200 Speaker 2: saying this is an impeachable offense, and they have a 84 00:04:53,200 --> 00:04:56,360 Speaker 2: Republican saying this needs to be investigated. It's absent from 85 00:04:56,400 --> 00:04:56,720 Speaker 2: the story. 86 00:04:56,760 --> 00:05:06,520 Speaker 1: It's mad. Why why not get a statement from a Republican? 87 00:05:07,320 --> 00:05:10,920 Speaker 1: Why not go get a legal expert? What's going on here? Because? Boy, 88 00:05:10,960 --> 00:05:13,760 Speaker 1: on the surface, Wow, New York Times running an article 89 00:05:13,839 --> 00:05:16,240 Speaker 1: like that. Are they on the up and up? 90 00:05:16,279 --> 00:05:16,479 Speaker 2: Now? 91 00:05:16,760 --> 00:05:20,119 Speaker 1: Man holding a Democrat to account? Wow? Let me pause 92 00:05:20,120 --> 00:05:24,000 Speaker 1: on that for a moment. I have two sons, as 93 00:05:24,000 --> 00:05:28,080 Speaker 1: you know, James and Luke, and you know that I 94 00:05:28,160 --> 00:05:31,680 Speaker 1: eat poorly, and you know my wife's super healthy. You 95 00:05:31,720 --> 00:05:33,400 Speaker 1: know that if you've watched the show for any length 96 00:05:33,400 --> 00:05:38,560 Speaker 1: of time. One time, when they were kids, there was 97 00:05:38,560 --> 00:05:44,839 Speaker 1: a bag of chips in the cupboard. Now she had 98 00:05:44,880 --> 00:05:48,039 Speaker 1: told the boys she wanted them to eat fruit with 99 00:05:48,120 --> 00:05:53,480 Speaker 1: their sandwiches for lunch. Boys said, okay, they ate the fruit, 100 00:05:54,040 --> 00:05:57,159 Speaker 1: and then they went to the pantry and ate the 101 00:05:57,279 --> 00:06:03,000 Speaker 1: entire bag of chips. She was very upset, and I one, 102 00:06:03,080 --> 00:06:04,960 Speaker 1: I thought it was funny too. I thought it was 103 00:06:05,000 --> 00:06:08,400 Speaker 1: completely understandable. But I didn't want to. I didn't want 104 00:06:08,400 --> 00:06:11,520 Speaker 1: to bad mouth my wife or defy my wife in 105 00:06:11,560 --> 00:06:14,160 Speaker 1: front of the kids, but I also didn't want her 106 00:06:14,200 --> 00:06:16,160 Speaker 1: to crack down on them, you know, ground them, no 107 00:06:16,400 --> 00:06:20,520 Speaker 1: nothing but vegetables. So I took the boy's aside in 108 00:06:20,560 --> 00:06:23,720 Speaker 1: the room and I gave him a very stern talking 109 00:06:23,760 --> 00:06:27,200 Speaker 1: to with her in the earshot. Came out of the 110 00:06:27,279 --> 00:06:29,800 Speaker 1: room and said, don't worry, I got it taken care of. 111 00:06:29,839 --> 00:06:33,359 Speaker 1: They won't do that again. I wasn't punishing the kids. 112 00:06:34,080 --> 00:06:37,320 Speaker 1: I wasn't really interested in punishing the kids. I was 113 00:06:37,360 --> 00:06:40,719 Speaker 1: interested in shielding them in that moment from their mother's wrath. 114 00:06:42,080 --> 00:06:44,560 Speaker 1: The New York Times is well aware that Republicans are 115 00:06:44,560 --> 00:06:48,440 Speaker 1: looking into the autopen scandal. They are well aware of 116 00:06:48,480 --> 00:06:51,120 Speaker 1: what Donald Trump has said about it time and time again. 117 00:06:51,160 --> 00:06:53,040 Speaker 1: He's not letting it go. This is not something Donald 118 00:06:53,040 --> 00:06:55,960 Speaker 1: Trump's letting go at all. Here's Donald Trump talking about 119 00:06:55,960 --> 00:06:56,960 Speaker 1: it when. 120 00:06:56,800 --> 00:06:58,080 Speaker 3: You're talking about the auto pen. 121 00:06:58,360 --> 00:07:00,480 Speaker 4: Look, the auto pen, I think is maybe one of. 122 00:07:00,400 --> 00:07:04,800 Speaker 3: The biggest scandals that we've had in fifty to one 123 00:07:04,920 --> 00:07:08,240 Speaker 3: hundred years. This is a tremendous scandal. The people on 124 00:07:08,279 --> 00:07:12,440 Speaker 3: the other side of the resolute desk, I know them, Lisa, 125 00:07:12,880 --> 00:07:16,360 Speaker 3: the whole group, and then no good, he's sick people. 126 00:07:17,120 --> 00:07:21,280 Speaker 3: And I guarantee he knew nothing about what he was saying. 127 00:07:22,200 --> 00:07:23,120 Speaker 5: I guarantee it. 128 00:07:27,840 --> 00:07:31,320 Speaker 1: That's not a one off on social media. Publicly in 129 00:07:31,360 --> 00:07:34,320 Speaker 1: the media, Donald Trump has said that exact same mind 130 00:07:34,360 --> 00:07:36,480 Speaker 1: over and over again. The biggest scandal in fifty to 131 00:07:36,520 --> 00:07:38,720 Speaker 1: one hundred years, the biggest scandal in fifty to one 132 00:07:38,760 --> 00:07:41,840 Speaker 1: hundred years. The President of the United States of America 133 00:07:41,920 --> 00:07:44,360 Speaker 1: is not letting this go. And when the president doesn't 134 00:07:44,440 --> 00:07:47,560 Speaker 1: let something go, there's going to be movement. They are 135 00:07:47,680 --> 00:07:51,559 Speaker 1: investigating it. It is a very, very, very big deal. 136 00:07:52,320 --> 00:07:55,760 Speaker 1: And let's pause for just a second and just remember 137 00:07:57,040 --> 00:08:02,040 Speaker 1: these people, these people punish the American people, almost like 138 00:08:02,080 --> 00:08:05,440 Speaker 1: it was on purpose for four years, things that even 139 00:08:05,480 --> 00:08:08,960 Speaker 1: if you're a Democrat, don't really make sense unless you 140 00:08:09,040 --> 00:08:11,240 Speaker 1: just hate the country. Why would you, why wo't you 141 00:08:11,760 --> 00:08:15,240 Speaker 1: why would you just stop natural gas exports? Hold on, 142 00:08:15,680 --> 00:08:17,800 Speaker 1: you not only opened up the border. Let's say you're 143 00:08:17,840 --> 00:08:21,240 Speaker 1: some soft, soft on illegal immigration person. Okay, that's a 144 00:08:21,240 --> 00:08:25,480 Speaker 1: fairly standard Democrat position. They flew as many people into 145 00:08:25,520 --> 00:08:30,080 Speaker 1: the country as they possibly could, purposely invading the United 146 00:08:30,120 --> 00:08:32,760 Speaker 1: States of America. They took your tax dollars and created 147 00:08:32,800 --> 00:08:36,360 Speaker 1: an app so illegals could schedule their invasion of the country. 148 00:08:36,679 --> 00:08:39,480 Speaker 1: How could you be that evil? How could Joe Biden 149 00:08:39,559 --> 00:08:42,440 Speaker 1: be that evil? Well, that's the whole point. Joe Biden 150 00:08:42,480 --> 00:08:48,720 Speaker 1: wasn't running anything. People who hate you and hate this 151 00:08:48,920 --> 00:08:52,560 Speaker 1: country and have worked their entire lives to burn it 152 00:08:52,640 --> 00:08:57,400 Speaker 1: down were finally presented with the most damaging, damaging weapon 153 00:08:57,440 --> 00:08:59,480 Speaker 1: they could have been presented with. They were presented with 154 00:08:59,520 --> 00:09:04,559 Speaker 1: the powers the presidency. This human being Anita done. This 155 00:09:04,640 --> 00:09:07,640 Speaker 1: human being was essentially the president of the United States 156 00:09:07,679 --> 00:09:08,240 Speaker 1: of America. 157 00:09:09,280 --> 00:09:13,280 Speaker 6: And then the third lesson and tip actually come from 158 00:09:13,320 --> 00:09:19,680 Speaker 6: two of my favorite political philosophers, Mal Saytung and Mother Teresa, 159 00:09:20,480 --> 00:09:26,480 Speaker 6: not often coupled with each other, but the two people 160 00:09:26,679 --> 00:09:30,520 Speaker 6: that I turned to most In nineteen forty seven, when 161 00:09:30,600 --> 00:09:33,160 Speaker 6: Mal say Tung was being challenged within his own party 162 00:09:33,880 --> 00:09:40,040 Speaker 6: on his plan to basically take China over Tchang Kaishek 163 00:09:40,120 --> 00:09:43,640 Speaker 6: and the nationalists. Chinese held the cities, They had the army, 164 00:09:43,880 --> 00:09:46,680 Speaker 6: they had the air force, they had everything on their side, 165 00:09:48,400 --> 00:09:50,400 Speaker 6: and people said, how can you win, How can you 166 00:09:50,480 --> 00:09:53,640 Speaker 6: do this? How can you do this against all the 167 00:09:53,920 --> 00:09:57,040 Speaker 6: odds against you? And Mal say Tongue said, you know, 168 00:09:57,200 --> 00:10:00,160 Speaker 6: you fight your war and I'll fight mine. 169 00:10:05,760 --> 00:10:08,640 Speaker 1: That was the president of the United States of America. 170 00:10:09,160 --> 00:10:14,840 Speaker 1: Her husband too, Jill Biden, that horrific witch. They ran 171 00:10:14,920 --> 00:10:18,640 Speaker 1: the country for four years, and I'm very, very worried 172 00:10:19,080 --> 00:10:22,000 Speaker 1: we're going to succumb to the same thing. That's human nature. Hey, 173 00:10:22,160 --> 00:10:25,160 Speaker 1: let's let it go. Let's let by gones. It's too 174 00:10:25,200 --> 00:10:28,880 Speaker 1: old now. And so we're worried about the distanslation. Now, No, 175 00:10:30,080 --> 00:10:34,880 Speaker 1: these people savaged my country for four years. Somebody better 176 00:10:34,920 --> 00:10:37,280 Speaker 1: be held to account. We will not let it go. 177 00:10:37,920 --> 00:10:41,880 Speaker 1: It's a big deal. All that may have made you uncomfortable, 178 00:10:42,520 --> 00:10:44,839 Speaker 1: but I am right. Josh Hammer is going to join 179 00:10:44,880 --> 00:10:48,920 Speaker 1: a cinemament. We're going to ask all these pardons fauci Millie, 180 00:10:50,040 --> 00:10:54,760 Speaker 1: if it wasn't Joe Biden clicking the approved button, could 181 00:10:54,800 --> 00:10:57,920 Speaker 1: we hold these people to account? Finally, I have questions, 182 00:10:58,240 --> 00:11:00,440 Speaker 1: joshuall have answers. Before we get to job. Let me 183 00:11:00,480 --> 00:11:05,920 Speaker 1: tell you about pure talk, the wondrous, wondrous pure talk, 184 00:11:07,200 --> 00:11:10,520 Speaker 1: Pure talk. I mean, I have all these emails from you. 185 00:11:11,400 --> 00:11:15,240 Speaker 1: You know what these emails are from July fourth Independence Day. 186 00:11:15,600 --> 00:11:17,880 Speaker 1: Remember when I told you Pure Talk was handing out 187 00:11:17,880 --> 00:11:21,920 Speaker 1: American flags, the Veterans for Independence day. Email after email 188 00:11:21,960 --> 00:11:25,600 Speaker 1: came in of how blessed your dad was, your brother was, 189 00:11:25,880 --> 00:11:27,960 Speaker 1: the veteran in your life was to get one and 190 00:11:28,000 --> 00:11:30,440 Speaker 1: I just it makes me so proud to stand with 191 00:11:30,520 --> 00:11:33,560 Speaker 1: Pure Talk, a company that's led by a Vietnam veteran, 192 00:11:33,920 --> 00:11:38,000 Speaker 1: so patriotic, they hire Americans. You don't need Verizon, you 193 00:11:38,040 --> 00:11:40,600 Speaker 1: don't need AT and T or T Mobile. Pure talks 194 00:11:40,640 --> 00:11:44,079 Speaker 1: on the same five G network. You'll pay less. There's 195 00:11:44,200 --> 00:11:47,120 Speaker 1: no reason not to switch. These are people you can 196 00:11:47,160 --> 00:11:49,559 Speaker 1: be proud to spend your money with, and you'll spend less. 197 00:11:50,559 --> 00:12:06,240 Speaker 1: Puretalk dot com slash JESSETV. We'll be back. The Supreme 198 00:12:06,280 --> 00:12:09,320 Speaker 1: Court gave us another win. I think I don't know. 199 00:12:09,400 --> 00:12:11,160 Speaker 1: Half the time. I think they gave us a win, 200 00:12:11,600 --> 00:12:13,680 Speaker 1: but that's because I'm stupid. And then I'll dig into 201 00:12:13,679 --> 00:12:15,360 Speaker 1: it and I'll find out that we didn't get a win. 202 00:12:15,480 --> 00:12:18,200 Speaker 1: Let's ask Josh Hammer about it. Joining me now, Josh Hammer, 203 00:12:18,280 --> 00:12:21,720 Speaker 1: host of The Josh Hammer Show. Josh, what did the 204 00:12:21,760 --> 00:12:25,679 Speaker 1: Supreme Court do with education? Linda McMahon, Are we done 205 00:12:25,720 --> 00:12:27,480 Speaker 1: with the Department of Education permanently? 206 00:12:29,120 --> 00:12:31,199 Speaker 7: Well, Jesse not to be a lawyer, but you did 207 00:12:31,240 --> 00:12:32,960 Speaker 7: introme as a lawyer It kind of depends what we 208 00:12:33,000 --> 00:12:36,360 Speaker 7: mean by permanently. So look, this is, you know, not 209 00:12:36,520 --> 00:12:40,120 Speaker 7: the typical Merit's docket where we have the full lawyers 210 00:12:40,120 --> 00:12:42,480 Speaker 7: do the full briefing argumentation there. This kind of comes 211 00:12:42,559 --> 00:12:45,560 Speaker 7: up on the emergency appeals docket. And long story short, yes, 212 00:12:45,640 --> 00:12:47,520 Speaker 7: the Supreme Court has cleared the way from the Trump 213 00:12:47,559 --> 00:12:52,600 Speaker 7: administration to dismiss at least thirteen hundred Apartment of Education staffers, 214 00:12:52,679 --> 00:12:55,800 Speaker 7: which is a lot. That is a lot of bureaucrats 215 00:12:55,840 --> 00:12:59,680 Speaker 7: there at the Partner of Education, a bureaucracy frankly that 216 00:12:59,679 --> 00:13:02,120 Speaker 7: that simply do not exist and that Conservatives have been 217 00:13:02,200 --> 00:13:04,719 Speaker 7: railing against ever since Jimmy Carter established it during the 218 00:13:04,800 --> 00:13:08,480 Speaker 7: late nineteen seventies. It is a common sense goal, ruling Jesse, 219 00:13:08,720 --> 00:13:12,520 Speaker 7: I mean, ultimately, the article to executive power. If the 220 00:13:12,559 --> 00:13:15,480 Speaker 7: executive power an article to the Constitution means literally anything 221 00:13:15,520 --> 00:13:20,200 Speaker 7: whatsoever It necessarily entails and requires the ability to make 222 00:13:20,280 --> 00:13:23,760 Speaker 7: full personnel decisions, to fire and hire whoever you want 223 00:13:23,800 --> 00:13:26,720 Speaker 7: for whatever reason, at any time period full stomp end 224 00:13:26,760 --> 00:13:30,000 Speaker 7: of story. And any statutes that Congress has passed, any 225 00:13:30,000 --> 00:13:32,559 Speaker 7: executive orders that have been signed over the past two 226 00:13:32,679 --> 00:13:35,760 Speaker 7: hundred and nearly fifty years now that purports to limit 227 00:13:35,760 --> 00:13:38,200 Speaker 7: the authority of the executive to do exactly that are, 228 00:13:38,240 --> 00:13:41,719 Speaker 7: in my judgment, facially unconstitutional. This is very much in 229 00:13:41,760 --> 00:13:44,760 Speaker 7: line with the Roberts Court, especially in recent years. They 230 00:13:44,800 --> 00:13:47,800 Speaker 7: are very good when it comes to structural bread and 231 00:13:47,920 --> 00:13:51,600 Speaker 7: butter constitutional issues. They're not perfect, to be clear, you know, 232 00:13:51,679 --> 00:13:54,600 Speaker 7: John Roberts definitely messes up, you know, every now and then, 233 00:13:54,640 --> 00:13:56,640 Speaker 7: perhaps you know I for being honest, perhaps every more 234 00:13:56,679 --> 00:13:59,000 Speaker 7: than now and then. But on really kind of core 235 00:13:59,160 --> 00:14:02,520 Speaker 7: here's what article one, Article two, Article three type decisions, 236 00:14:02,559 --> 00:14:04,760 Speaker 7: they're typically pretty good. This is very much in line 237 00:14:04,840 --> 00:14:06,679 Speaker 7: with a Nation one injunctions case, which is a very 238 00:14:06,760 --> 00:14:10,600 Speaker 7: kind of similar bread and butter structural constitutional as an issue. 239 00:14:10,360 --> 00:14:13,800 Speaker 7: The takeaway I think for the Median American is that, yeah, 240 00:14:13,840 --> 00:14:16,040 Speaker 7: you're about to lose a bunch of deep state swamp 241 00:14:16,040 --> 00:14:18,760 Speaker 7: monsters at the Department Education. That's really really good. Now 242 00:14:18,800 --> 00:14:22,840 Speaker 7: technically speaking, Jesse. Technically, because the Department Education was created 243 00:14:22,920 --> 00:14:25,840 Speaker 7: via congressional statute back during the Jimmy Carter presidency, it 244 00:14:25,960 --> 00:14:29,760 Speaker 7: technically officially would take an Act of Congress to literally 245 00:14:29,800 --> 00:14:32,480 Speaker 7: abolish the building. But it seems to me if I'm 246 00:14:32,480 --> 00:14:34,920 Speaker 7: reading this opinion correctly, that the Court has basically given 247 00:14:34,960 --> 00:14:38,200 Speaker 7: Trump leeway to fire effectively as many bureaucrats as you want, 248 00:14:38,440 --> 00:14:41,320 Speaker 7: so you can basically gut the thing effectively, if not 249 00:14:41,400 --> 00:14:47,440 Speaker 7: technically officially. If you catch my drift, Okay. 250 00:14:47,240 --> 00:14:49,040 Speaker 1: No, I cut your drifts. So we can't get rid 251 00:14:49,080 --> 00:14:51,440 Speaker 1: of the Department of Education, but we can can just 252 00:14:51,440 --> 00:14:54,320 Speaker 1: about everyone in the building and basically end it for 253 00:14:54,400 --> 00:14:58,560 Speaker 1: a while. Does this only apply to the Department of Education. 254 00:14:58,680 --> 00:15:01,040 Speaker 1: You'll have to forgive me for asking the question, Josh, 255 00:15:01,080 --> 00:15:04,320 Speaker 1: because I dream of the days where IRS agents and 256 00:15:04,440 --> 00:15:06,600 Speaker 1: FBI agents get fired in mass. 257 00:15:07,760 --> 00:15:09,840 Speaker 7: It definitely should not just apply it to the Prime Education. 258 00:15:09,880 --> 00:15:13,200 Speaker 7: There was absolutely nothing whatsoever about the legal logic of 259 00:15:13,280 --> 00:15:17,840 Speaker 7: this order that would cabinet to the education departments. Now, look, 260 00:15:18,000 --> 00:15:21,240 Speaker 7: if the administration wants to go out and start firing 261 00:15:21,280 --> 00:15:24,080 Speaker 7: fifteen hundred, you know, two thousand people at some other 262 00:15:24,560 --> 00:15:27,680 Speaker 7: alphabet soup agency, I'm sure some left wing NGOs will 263 00:15:27,680 --> 00:15:30,640 Speaker 7: immediately follow suits on behalf of the deep state employees 264 00:15:30,640 --> 00:15:32,440 Speaker 7: who would be acts, and then we'll kind of find 265 00:15:32,440 --> 00:15:34,440 Speaker 7: ourselves back to where we just are. But if the 266 00:15:34,440 --> 00:15:36,200 Speaker 7: court is going to be consistent, I mean if and 267 00:15:36,240 --> 00:15:39,800 Speaker 7: perhaps when that similar subsequent fall on lawsuit is filed. 268 00:15:39,960 --> 00:15:41,720 Speaker 7: If the course is just going to apply the exact 269 00:15:41,760 --> 00:15:45,080 Speaker 7: same constitutional principles time and time again, and then then 270 00:15:45,080 --> 00:15:47,600 Speaker 7: they're going to arrive at the exact same conclusion. But 271 00:15:47,760 --> 00:15:49,760 Speaker 7: you know, one thing that's really important about the part 272 00:15:49,920 --> 00:15:52,040 Speaker 7: education is that it is the lowest of the low 273 00:15:52,080 --> 00:15:54,440 Speaker 7: hanging fruits. This has been kind of a test case 274 00:15:54,520 --> 00:15:57,560 Speaker 7: for conservative legal folks for four to five decades now. 275 00:15:57,760 --> 00:16:00,920 Speaker 7: If you cannot gut the part of education, then you 276 00:16:00,960 --> 00:16:03,720 Speaker 7: are stuck with the federal leviathan and all that entails. 277 00:16:03,760 --> 00:16:06,520 Speaker 7: Because the part of education is basically the lowest of 278 00:16:06,560 --> 00:16:08,920 Speaker 7: the love. This is something that never should have existed. 279 00:16:09,240 --> 00:16:11,440 Speaker 7: And it is very good news, frankly, that they've cleared 280 00:16:11,440 --> 00:16:13,920 Speaker 7: the way for Trump to effectively again if not quite officially, 281 00:16:13,960 --> 00:16:14,280 Speaker 7: got it. 282 00:16:18,240 --> 00:16:22,080 Speaker 1: Okay, let's switch gears a little bit here and talk 283 00:16:22,160 --> 00:16:26,320 Speaker 1: about the auto pen stuff as it pertains to Katanji 284 00:16:26,640 --> 00:16:30,240 Speaker 1: Brown Jackson. Now, what I do not want to do, 285 00:16:30,840 --> 00:16:33,640 Speaker 1: as you know, is to give people false hope or 286 00:16:33,680 --> 00:16:37,000 Speaker 1: cook up some wild theory that's never going to come home. 287 00:16:37,160 --> 00:16:39,520 Speaker 1: I don't want to do the Obama birth certificate thing, 288 00:16:39,800 --> 00:16:41,880 Speaker 1: whatever people believe about that it was never going to 289 00:16:41,880 --> 00:16:43,880 Speaker 1: do anything to remove Barack Obama from the White House, 290 00:16:43,880 --> 00:16:47,040 Speaker 1: so it was a pointless waste of time. Katanji Brown Jackson, 291 00:16:48,160 --> 00:16:50,080 Speaker 1: was she an auto penner? And can we get rid 292 00:16:50,120 --> 00:16:52,920 Speaker 1: of her? Jesse? 293 00:16:53,120 --> 00:16:56,640 Speaker 7: Like you, I am hesitant to try to induce people 294 00:16:56,680 --> 00:16:58,760 Speaker 7: into thinking that something could happen that well, and so 295 00:16:58,800 --> 00:17:00,640 Speaker 7: the short answer is now, I'm sorry to be the 296 00:17:00,640 --> 00:17:01,520 Speaker 7: bearer of bad news. 297 00:17:01,720 --> 00:17:01,840 Speaker 8: Now. 298 00:17:01,880 --> 00:17:05,720 Speaker 7: Katanji Brown Jackson definitely is a few things. She's a 299 00:17:05,720 --> 00:17:07,800 Speaker 7: great a moron. I mean that that is primarily what 300 00:17:08,440 --> 00:17:11,600 Speaker 7: she is. She is a frankly just a gigantic insult 301 00:17:11,800 --> 00:17:13,959 Speaker 7: to the United States Supreme Courts. We saw those fiery 302 00:17:14,000 --> 00:17:17,240 Speaker 7: words from Amy Cony Barrett in the Nation Wie junctions case. 303 00:17:17,280 --> 00:17:20,640 Speaker 7: More recently, actually, we saw some fiery words from Sonya 304 00:17:20,680 --> 00:17:23,640 Speaker 7: Soto Mayor in an eight to one opinion where Jackson 305 00:17:23,720 --> 00:17:26,159 Speaker 7: was the lone dissenter. Was actually Sonya so My I 306 00:17:26,200 --> 00:17:28,320 Speaker 7: can't believe this is real life. It was literally Sonya 307 00:17:28,359 --> 00:17:31,119 Speaker 7: so Mayor who was essentially calling Katanji Brown Jackson crazy 308 00:17:31,200 --> 00:17:34,760 Speaker 7: in the Reason eight to one opinion. So she's totally, totally, totally, 309 00:17:34,800 --> 00:17:38,000 Speaker 7: completely insane, utterly and qualified, totally out to lunch. But 310 00:17:38,640 --> 00:17:40,680 Speaker 7: I hate, I hate, hate to be the bearer of 311 00:17:40,720 --> 00:17:42,600 Speaker 7: bad news Jacksey. But I don't see it happening. When 312 00:17:42,600 --> 00:17:43,800 Speaker 7: it comes to trying to get her off the course. 313 00:17:43,840 --> 00:17:46,399 Speaker 7: She could be impeached. That could potentially happens. Probably not 314 00:17:46,440 --> 00:17:48,480 Speaker 7: going to happen, but that would be the proper remedy there. 315 00:17:48,480 --> 00:17:50,639 Speaker 7: This autopen thing is probably not going to get rid 316 00:17:50,680 --> 00:17:51,040 Speaker 7: of them. 317 00:17:54,160 --> 00:17:57,679 Speaker 1: Okay, Now on the auto pen thing, again, I'm just 318 00:17:57,720 --> 00:17:59,960 Speaker 1: trying to no, I appreciate the honesty. I'm trying to 319 00:18:00,080 --> 00:18:04,880 Speaker 1: have everybody realistic expectations here. The pardons, there were lots 320 00:18:04,920 --> 00:18:07,119 Speaker 1: of them handed out by Joe Biden, we now know 321 00:18:07,600 --> 00:18:10,920 Speaker 1: in the fluffiest possible way. The New York Times reported 322 00:18:10,920 --> 00:18:12,680 Speaker 1: that that's I mean, it's a fact. It's a fact 323 00:18:12,680 --> 00:18:15,120 Speaker 1: people were willing to admit now that Joe Biden didn't 324 00:18:15,119 --> 00:18:18,600 Speaker 1: sign off on all these pardons, which of course makes 325 00:18:18,600 --> 00:18:22,760 Speaker 1: people think about Fauci, Mark, Billy Hunter Biden. Even people 326 00:18:22,800 --> 00:18:28,040 Speaker 1: who did get pardons. Can those go away? 327 00:18:28,119 --> 00:18:32,600 Speaker 7: So the short answer is probably not. But I'll walk 328 00:18:32,640 --> 00:18:35,359 Speaker 7: you through my thinking on this. So there is a 329 00:18:35,359 --> 00:18:39,399 Speaker 7: White House Council legal opinion. So nowadays we have something 330 00:18:39,560 --> 00:18:41,639 Speaker 7: that the White House Council office called or it's actually 331 00:18:41,640 --> 00:18:44,159 Speaker 7: technically at the DOJ called the OLC, the Office of 332 00:18:44,240 --> 00:18:47,240 Speaker 7: Legal Counsel. They are the ones who come up with 333 00:18:47,320 --> 00:18:52,040 Speaker 7: constitutional theories that then try to bind succeeding presidencies years 334 00:18:52,080 --> 00:18:55,040 Speaker 7: from now. Okay, So the White House Council, I think 335 00:18:55,040 --> 00:18:57,320 Speaker 7: prior to the establishment of the formal OLC, back in 336 00:18:57,320 --> 00:18:59,960 Speaker 7: the nineteen sixties. Nineteen sixties, there were White House count 337 00:19:00,240 --> 00:19:04,480 Speaker 7: opinion basically says that using an auto pen is legally 338 00:19:04,520 --> 00:19:08,199 Speaker 7: equivalent of the English king back in medieval England, of 339 00:19:08,320 --> 00:19:11,160 Speaker 7: delegating authority to use the royal seal, like the literal 340 00:19:11,280 --> 00:19:14,200 Speaker 7: royal seal to like the you know, the prince or 341 00:19:14,240 --> 00:19:16,840 Speaker 7: the courtier or someone in the royal court there. So 342 00:19:17,000 --> 00:19:19,400 Speaker 7: the upshot is that according to this nineteen sixties White 343 00:19:19,440 --> 00:19:22,720 Speaker 7: House opinion, this seems to be okay. Now, the longer 344 00:19:22,800 --> 00:19:24,800 Speaker 7: answer is that this has really never been tested. This 345 00:19:24,800 --> 00:19:28,199 Speaker 7: has never been litigated really whatsoever to my knowledge, and 346 00:19:28,359 --> 00:19:31,639 Speaker 7: I'm inclined to think that it's not necessarily so utterly 347 00:19:31,680 --> 00:19:33,880 Speaker 7: frivless so as to be not worth a case. Now 348 00:19:34,200 --> 00:19:36,320 Speaker 7: I'm choosing my words very carefully again, so it's to 349 00:19:36,320 --> 00:19:39,160 Speaker 7: not induced false hope. I am skeptical that this would 350 00:19:39,200 --> 00:19:41,919 Speaker 7: go anywhere, because, among other things, I would question what 351 00:19:41,960 --> 00:19:43,479 Speaker 7: the remedy is. So let's talk about some of these 352 00:19:43,480 --> 00:19:46,600 Speaker 7: people who got pardons. You know, let's just say, hypothetically, 353 00:19:46,840 --> 00:19:48,840 Speaker 7: right that a cord then concludes that this pardon was 354 00:19:48,880 --> 00:19:52,280 Speaker 7: issued illegitimately because the auto pen is not legitimate. In 355 00:19:52,359 --> 00:19:54,439 Speaker 7: order to get standing in the federal court, you have 356 00:19:54,480 --> 00:19:57,120 Speaker 7: to have a judicially viable remedy, which is a very 357 00:19:57,119 --> 00:19:59,199 Speaker 7: fancy way of saying the court has to be in 358 00:19:59,200 --> 00:20:02,639 Speaker 7: a position where and actually give legitimate relief. So in 359 00:20:02,680 --> 00:20:05,440 Speaker 7: this case, what exactly is the relief? I mean, let's 360 00:20:05,440 --> 00:20:08,440 Speaker 7: say that someone was what was in jail for for 361 00:20:08,800 --> 00:20:10,879 Speaker 7: X y Z offense and now he's out, you know, 362 00:20:10,960 --> 00:20:13,639 Speaker 7: living out in Kansas or Idaho, whatever, he's you know, 363 00:20:13,680 --> 00:20:16,800 Speaker 7: he's enjoying his his fishing on the river. I mean, 364 00:20:16,880 --> 00:20:19,240 Speaker 7: is the remedy that you would literally then go take 365 00:20:19,280 --> 00:20:21,720 Speaker 7: that guy and then put him back in jail. It 366 00:20:21,840 --> 00:20:24,480 Speaker 7: just doesn't it doesn't necessarily feel like something that a 367 00:20:24,560 --> 00:20:26,440 Speaker 7: feral court would be would be eager to do. Is 368 00:20:26,440 --> 00:20:28,840 Speaker 7: basically what I'm trying to say here. But it's not 369 00:20:29,040 --> 00:20:31,680 Speaker 7: so crazy that it is not worth a lawsuit. I 370 00:20:31,680 --> 00:20:33,920 Speaker 7: think it probably actually ultimately is worth a lawsuit. 371 00:20:37,840 --> 00:20:41,680 Speaker 1: Okay, well that sucks, Josh. That's two doses a reality 372 00:20:41,680 --> 00:20:45,640 Speaker 1: that sucked. Let me ask you a final one. There's 373 00:20:45,720 --> 00:20:49,160 Speaker 1: reporting out there, John Solomon, others reporting that a bunch 374 00:20:49,160 --> 00:20:52,040 Speaker 1: of people are about to go down for the Russia 375 00:20:52,080 --> 00:20:56,120 Speaker 1: hoax conspiracy. Now go down for normal people like you 376 00:20:56,200 --> 00:20:59,639 Speaker 1: and me means we get handcuffed and sent off to prison. 377 00:21:00,160 --> 00:21:04,679 Speaker 1: Government people. It never means that at all. But is 378 00:21:04,720 --> 00:21:08,160 Speaker 1: there a chance that the criminals who operated and still 379 00:21:08,200 --> 00:21:11,439 Speaker 1: operate inside of our government actually get arrested and tried 380 00:21:11,520 --> 00:21:12,280 Speaker 1: and sent to prison? 381 00:21:12,320 --> 00:21:17,160 Speaker 7: Over all this, I think it's possible. I'm not necessarily 382 00:21:17,160 --> 00:21:19,080 Speaker 7: going to say it's probable. I mean, you know, Jesse, 383 00:21:19,160 --> 00:21:21,080 Speaker 7: at this point, we're basically ten years. I mean, the 384 00:21:21,160 --> 00:21:24,400 Speaker 7: year is twenty twenty five. We are ten years. At 385 00:21:24,440 --> 00:21:26,480 Speaker 7: least nine years, but nine to ten years give or 386 00:21:26,520 --> 00:21:30,400 Speaker 7: take from the twenty sixteen election. Spying on George Popinopolis 387 00:21:30,480 --> 00:21:32,600 Speaker 7: and Michael Flynn and Carter Page and all the various 388 00:21:32,600 --> 00:21:34,560 Speaker 7: Trump base. I mean, this has been happening for a 389 00:21:34,600 --> 00:21:36,800 Speaker 7: long time now, So whenever we kind of have these 390 00:21:36,800 --> 00:21:39,280 Speaker 7: instances where we kind of learned five ten years Oh, 391 00:21:39,280 --> 00:21:41,119 Speaker 7: maybe we'll get justice for something that happened a very 392 00:21:41,160 --> 00:21:44,160 Speaker 7: long time ago. I'm kind of always immediately somewhat skeptical. 393 00:21:44,840 --> 00:21:47,640 Speaker 7: I do think that there's a potential political angle here, Jesse, 394 00:21:47,720 --> 00:21:51,320 Speaker 7: which is that it's possible that the Trump doj could really, really, 395 00:21:51,400 --> 00:21:54,960 Speaker 7: really try in earnest to actually genuinely try to have 396 00:21:55,000 --> 00:21:57,439 Speaker 7: something to show the people in the broader context of 397 00:21:57,480 --> 00:21:59,960 Speaker 7: a lot of the popular discontent over the Epstein stuff. 398 00:22:00,240 --> 00:22:02,080 Speaker 7: That to me is kind of my ultimate kind of 399 00:22:02,359 --> 00:22:05,879 Speaker 7: not necessarily my cause for optimism, but my cause for 400 00:22:05,920 --> 00:22:08,119 Speaker 7: at least quasi optimism is that that could be a 401 00:22:08,200 --> 00:22:11,320 Speaker 7: motivating factor to genuinely actually produce something here. I'm not 402 00:22:11,359 --> 00:22:14,280 Speaker 7: saying it's likely, it's not fifty percent or greater necessarily, 403 00:22:14,320 --> 00:22:15,800 Speaker 7: but I think it's I think it's I think it's 404 00:22:15,800 --> 00:22:17,680 Speaker 7: a possibility at least, I guess I'll say that. 405 00:22:22,119 --> 00:22:23,800 Speaker 1: All right, Well, thanks for giving us at least a 406 00:22:23,800 --> 00:22:27,280 Speaker 1: little crumb of something, Josh, Josh, appreciate you as always, brother. 407 00:22:28,880 --> 00:22:34,720 Speaker 1: All Right, the Trump assassination attempts. Can't let that go. 408 00:22:35,000 --> 00:22:37,520 Speaker 1: I either, that's kind of a big deal. Why don't 409 00:22:37,520 --> 00:22:40,040 Speaker 1: we know more? Let's talk about that in a moment. 410 00:22:40,080 --> 00:22:41,879 Speaker 1: Before we talk about that, let me talk to you 411 00:22:41,960 --> 00:22:47,240 Speaker 1: about feeling good all the time, energy, having good energy, 412 00:22:47,440 --> 00:22:51,600 Speaker 1: having your mind be clear. These things are not They 413 00:22:51,600 --> 00:22:54,400 Speaker 1: don't just happen. We have to do something for them, 414 00:22:54,520 --> 00:22:57,359 Speaker 1: especially today with all the garbage we eat myself most 415 00:22:57,359 --> 00:23:00,399 Speaker 1: definitely included, we have to do something doing sure that 416 00:23:00,440 --> 00:23:01,879 Speaker 1: our levels are where they need to be, our t 417 00:23:02,080 --> 00:23:05,240 Speaker 1: levels are where they need to be. Our minds need 418 00:23:05,359 --> 00:23:10,159 Speaker 1: something they need chock yours does mind? Does natural herbal 419 00:23:10,320 --> 00:23:13,520 Speaker 1: supplements from chalk? This? I know this is about sound 420 00:23:13,520 --> 00:23:15,800 Speaker 1: over the top. It will change your entire life for 421 00:23:15,800 --> 00:23:20,840 Speaker 1: the better, at work, at home, at play. You give 422 00:23:21,000 --> 00:23:24,680 Speaker 1: chalk two three months. Maybe it's a male vitality stack, 423 00:23:24,720 --> 00:23:27,359 Speaker 1: that's what I take. Maybe it's a female vitality stack. 424 00:23:27,400 --> 00:23:31,639 Speaker 1: Maybe it's chalk lippowder. You take chalk two three months, 425 00:23:32,080 --> 00:23:36,000 Speaker 1: you will never stop. You will finally realize, oh my gosh, 426 00:23:36,000 --> 00:23:37,600 Speaker 1: I was living in a fog and didn't know it. 427 00:23:37,720 --> 00:23:41,840 Speaker 1: Do you want a seventeen point seven six percent discount? 428 00:23:42,280 --> 00:23:56,320 Speaker 1: Chalk dot com, slash Jesse TV. We'll be back. Well. 429 00:23:56,359 --> 00:23:59,360 Speaker 1: I think the attempted assassination of Donald Trump is still 430 00:23:59,440 --> 00:24:01,919 Speaker 1: kind of a big as we discussed. It's not one 431 00:24:01,960 --> 00:24:05,640 Speaker 1: of those things we should just let go. Let's move on. No, no, no, no. 432 00:24:05,800 --> 00:24:08,000 Speaker 1: We just had the one year anniversary of somebody who 433 00:24:08,080 --> 00:24:11,000 Speaker 1: tried to blow Donald Trump's head off, and that somebody 434 00:24:11,040 --> 00:24:13,760 Speaker 1: achieved a rooftop one hundred and forty eight meters from 435 00:24:13,800 --> 00:24:16,440 Speaker 1: the President with the high powered rifle and frankly made 436 00:24:16,480 --> 00:24:19,639 Speaker 1: the shot. President turned his head at the exact moment 437 00:24:19,960 --> 00:24:22,720 Speaker 1: or else. We are having a whole different discussion right now. 438 00:24:23,320 --> 00:24:26,320 Speaker 1: So what happened? Senate just released a pair of reports. 439 00:24:26,400 --> 00:24:29,960 Speaker 1: Let's talk to Susan Crabtree about this, National political correspondent 440 00:24:30,000 --> 00:24:34,879 Speaker 1: for real clear politics. Love them so much, Susan Senate reports. 441 00:24:35,280 --> 00:24:36,040 Speaker 1: What do they say? 442 00:24:37,960 --> 00:24:41,320 Speaker 8: Oh? The Senate reports were it was a solemn weekend 443 00:24:41,440 --> 00:24:45,440 Speaker 8: for most people, and I thought it was extremely well 444 00:24:45,480 --> 00:24:48,679 Speaker 8: done in terms of how people commemorated this. But the 445 00:24:48,720 --> 00:24:51,679 Speaker 8: Senate reports were a gold mine. And it was like 446 00:24:51,800 --> 00:24:54,600 Speaker 8: Christmas in July for me when I was reading through 447 00:24:54,600 --> 00:24:58,200 Speaker 8: these things, because for the last year I have been 448 00:24:58,240 --> 00:25:01,199 Speaker 8: reporting on so many details of out this and it 449 00:25:01,280 --> 00:25:05,000 Speaker 8: were all in these Senate reports. As you know, the 450 00:25:05,080 --> 00:25:07,639 Speaker 8: last the big headlines and the last week that I 451 00:25:07,680 --> 00:25:12,639 Speaker 8: reported on or that the suspensions were only for the 452 00:25:12,720 --> 00:25:18,960 Speaker 8: junior officers, the own junior agents, their supervisors skated, and 453 00:25:19,200 --> 00:25:22,480 Speaker 8: not only that, they got big promotions. And that was 454 00:25:22,560 --> 00:25:26,199 Speaker 8: just one of the many headlines that were that I 455 00:25:26,359 --> 00:25:34,199 Speaker 8: reported on, and we're in those Senate reports, grief. 456 00:25:34,920 --> 00:25:38,879 Speaker 1: So the supervisors got promoted, four agents got ten. Do 457 00:25:38,960 --> 00:25:42,160 Speaker 1: I believe it was forty two days suspensions and we're 458 00:25:42,160 --> 00:25:44,119 Speaker 1: all just going to wash our hands of it. That's 459 00:25:44,160 --> 00:25:45,880 Speaker 1: that's where we're at at with this whole thing. That's 460 00:25:46,000 --> 00:25:46,920 Speaker 1: that is that it. 461 00:25:50,800 --> 00:25:55,520 Speaker 8: Well, yes, it seems like because everyone was at fault, 462 00:25:55,960 --> 00:25:58,959 Speaker 8: no one was at fault, and that is not okay, 463 00:25:59,560 --> 00:26:03,480 Speaker 8: that is not sufficient for Helen Comploratory, the widow of 464 00:26:03,520 --> 00:26:08,080 Speaker 8: Corey Frompooratory, the retired fireman that was killed, shot and killed. 465 00:26:08,480 --> 00:26:11,480 Speaker 8: And thankfully Donald Trump, they did put a counter sniper 466 00:26:12,880 --> 00:26:14,200 Speaker 8: into the rally that day. 467 00:26:14,840 --> 00:26:16,000 Speaker 4: It came very. 468 00:26:15,880 --> 00:26:19,840 Speaker 8: Late in the rally to the rally planning, two days 469 00:26:19,880 --> 00:26:22,879 Speaker 8: before the rally was set to begin. They had the 470 00:26:22,880 --> 00:26:27,280 Speaker 8: counter sniper. Forced them to do their work very very quickly. 471 00:26:27,480 --> 00:26:30,560 Speaker 8: Usually that takes five or six days. And so that 472 00:26:30,760 --> 00:26:32,600 Speaker 8: here where we are, here's this is where we. 473 00:26:32,560 --> 00:26:33,280 Speaker 4: Are right now. 474 00:26:34,000 --> 00:26:36,840 Speaker 8: We're learning more details about it, but we still don't 475 00:26:36,920 --> 00:26:44,040 Speaker 8: know anything about the motive for Thomas first, anything about 476 00:26:44,080 --> 00:26:47,720 Speaker 8: what was on his encrypted apps. And to me, that's 477 00:26:47,960 --> 00:26:52,280 Speaker 8: just beyond the pale. At this point, we should know 478 00:26:52,440 --> 00:26:57,000 Speaker 8: far more. And Senator Ran Paul and he concluded his 479 00:26:57,200 --> 00:27:02,120 Speaker 8: report by saying that the FBI was not cooperating with him. 480 00:27:06,040 --> 00:27:12,760 Speaker 1: Yeah, Susan, thank you so much. I appreciate you. So 481 00:27:14,840 --> 00:27:22,879 Speaker 1: the FBI is not cooperating. The supervisors got promotions. Listen, 482 00:27:25,119 --> 00:27:27,880 Speaker 1: I'm gonna tie. I'm gonna tie a couple different stories 483 00:27:27,920 --> 00:27:31,639 Speaker 1: together here. Joe Biden's auto pen we just brought that up. 484 00:27:32,640 --> 00:27:36,720 Speaker 1: And nobody being held to account. The Epstein stuff everybody's 485 00:27:36,720 --> 00:27:39,280 Speaker 1: mad about. We don't want to drop the Epstein stuff. 486 00:27:39,440 --> 00:27:42,440 Speaker 1: If rich, powerful men were abusing young women, we want 487 00:27:42,440 --> 00:27:47,120 Speaker 1: them held to account. Now we have secret service FBI 488 00:27:47,280 --> 00:27:51,560 Speaker 1: who knows failures beyond belief that almost cost Donald Trump 489 00:27:51,680 --> 00:27:56,560 Speaker 1: his life. Supervisors get promoted, junior agents get a couple 490 00:27:56,600 --> 00:27:59,800 Speaker 1: slaps on the wrist. What are all these stories having 491 00:28:01,400 --> 00:28:07,359 Speaker 1: government people, powerful people getting away with things normal people 492 00:28:07,480 --> 00:28:11,640 Speaker 1: would be fired or sent to prison for. And everyone 493 00:28:11,760 --> 00:28:15,159 Speaker 1: in this country, especially everybody in our government. Donald Trump 494 00:28:15,200 --> 00:28:18,679 Speaker 1: included had better get it through their heads that this 495 00:28:18,920 --> 00:28:23,200 Speaker 1: is what the American people are disgusted with. We are 496 00:28:23,560 --> 00:28:27,640 Speaker 1: tired of living in a country where people in government 497 00:28:27,920 --> 00:28:31,040 Speaker 1: can do the most horrific things in the world. And 498 00:28:31,400 --> 00:28:33,720 Speaker 1: it's not only that they don't get fired. Most of 499 00:28:33,760 --> 00:28:37,880 Speaker 1: them get promoted, never held to account. Things you would 500 00:28:37,880 --> 00:28:40,360 Speaker 1: go to prison for, things I would go to prison for. 501 00:28:40,840 --> 00:28:44,080 Speaker 1: We have to change how this works in the country. 502 00:28:44,320 --> 00:28:48,520 Speaker 1: Secret service promoting the bad guys. And look, maybe you're 503 00:28:48,560 --> 00:28:50,800 Speaker 1: sitting there saying, well, maybe it was negligence, maybe it 504 00:28:50,920 --> 00:28:53,560 Speaker 1: was I'm not sitting here telling you I know what 505 00:28:53,680 --> 00:28:55,960 Speaker 1: happened that day, and I don't know what happened that 506 00:28:56,040 --> 00:28:58,240 Speaker 1: day because the government won't tell me. And even if 507 00:28:58,240 --> 00:29:00,000 Speaker 1: the government did tell me, by this point in time, 508 00:29:00,320 --> 00:29:02,840 Speaker 1: I wouldn't believe them, because they promoted everybody who almost 509 00:29:02,840 --> 00:29:06,560 Speaker 1: got Donald Trump killed. This is where we are as 510 00:29:06,600 --> 00:29:10,520 Speaker 1: a country, and it is a dangerous, dangerous place to be, 511 00:29:10,840 --> 00:29:13,560 Speaker 1: where we have no trust in our institutions, and the 512 00:29:13,600 --> 00:29:17,000 Speaker 1: institutions we don't trust don't seem even that interested in 513 00:29:17,040 --> 00:29:21,920 Speaker 1: earning that trust back. Scary place to be. All right, 514 00:29:23,520 --> 00:29:25,520 Speaker 1: let's move on. I want to talk to you about 515 00:29:25,560 --> 00:29:33,240 Speaker 1: something really quickly olive oil. We don't think about olive 516 00:29:33,280 --> 00:29:35,720 Speaker 1: oil much, obviously, everyone but everyone has a bottle in 517 00:29:35,760 --> 00:29:38,760 Speaker 1: their house and everyone cooks with it. But I'm going 518 00:29:38,840 --> 00:29:41,760 Speaker 1: to tell you something uncomfortable about that bottle of olive oil. 519 00:29:42,040 --> 00:29:46,160 Speaker 1: It's old. Do you know that? Even stuff you find 520 00:29:46,160 --> 00:29:50,960 Speaker 1: in the grocery store, all that stuff months years old. 521 00:29:51,520 --> 00:29:54,560 Speaker 1: We care about freshness with everything else, don't we. You 522 00:29:54,640 --> 00:29:56,520 Speaker 1: don't you want fresh fruit? You want fresh fruit or 523 00:29:56,520 --> 00:29:59,520 Speaker 1: old fruit, fresh buns or old buns, fresh meat or 524 00:29:59,520 --> 00:30:01,920 Speaker 1: old meat. Every one cares about freshness for everything else. 525 00:30:01,960 --> 00:30:03,600 Speaker 1: But then when it comes to olive oil, we walk 526 00:30:03,640 --> 00:30:06,080 Speaker 1: down the grocery store aisle and we find the bottle 527 00:30:06,080 --> 00:30:07,320 Speaker 1: we like to look so up, and we grab it 528 00:30:07,320 --> 00:30:08,960 Speaker 1: and we throw it in the cart. Don't do that. 529 00:30:10,920 --> 00:30:13,479 Speaker 1: How about a free bottle of olive oil, a thirty 530 00:30:13,600 --> 00:30:16,560 Speaker 1: nine dollars bottle of olive oil. All you'll have to 531 00:30:16,600 --> 00:30:18,479 Speaker 1: do is pay a buck to help cover the shipping, 532 00:30:19,480 --> 00:30:22,680 Speaker 1: and you'll get to taste the difference in fresh olive 533 00:30:22,680 --> 00:30:26,960 Speaker 1: oil versus garbage old olive oil. How do you get 534 00:30:27,000 --> 00:30:28,760 Speaker 1: something like that? I'm not asking you to sign up 535 00:30:28,760 --> 00:30:31,320 Speaker 1: for something, sign your life away. You go to farm 536 00:30:31,480 --> 00:30:35,840 Speaker 1: fresh two four six dot com and get yourself a 537 00:30:35,840 --> 00:30:41,120 Speaker 1: fresh bottle of olive oil. It's what a difference. We'll 538 00:30:41,120 --> 00:30:53,400 Speaker 1: be back. Here's a little tidbit for you, kind of 539 00:30:53,400 --> 00:30:55,040 Speaker 1: a one of those ones that makes you WinCE a 540 00:30:55,040 --> 00:30:57,959 Speaker 1: little bit. Twenty twenty. You remember that year, right, It 541 00:30:58,000 --> 00:31:00,040 Speaker 1: wasn't all that long ago. Not asking you to go 542 00:31:00,160 --> 00:31:04,720 Speaker 1: back in time too far. One hundred thousand dollars back then, 543 00:31:05,320 --> 00:31:08,080 Speaker 1: the buying power of one hundred thousand dollars. Yeah, you 544 00:31:08,120 --> 00:31:11,360 Speaker 1: need one hundred and twenty four thousand today to match 545 00:31:11,400 --> 00:31:15,840 Speaker 1: the buying power you had five years ago. Now, I'm 546 00:31:15,880 --> 00:31:19,160 Speaker 1: no expert. That sure sounds like things haven't gone well. 547 00:31:19,400 --> 00:31:22,920 Speaker 1: I wonder what happened? Joining me now the great Carol Roth, 548 00:31:23,080 --> 00:31:29,200 Speaker 1: two time New York Times best selling author Recovering Investment Banker. Hey, Carol, 549 00:31:29,840 --> 00:31:32,480 Speaker 1: I lost twenty four percent of my income in five years. 550 00:31:32,480 --> 00:31:33,240 Speaker 1: How that happened? 551 00:31:34,320 --> 00:31:35,760 Speaker 4: Actually you lost more than that, Jesse. 552 00:31:35,880 --> 00:31:39,360 Speaker 5: That's just what they're reporting because that's the official numbers, 553 00:31:39,360 --> 00:31:42,200 Speaker 5: and the official numbers don't actually take into account what's 554 00:31:42,240 --> 00:31:42,880 Speaker 5: really happening. 555 00:31:43,000 --> 00:31:44,920 Speaker 4: So you lost even more of your buying power. 556 00:31:45,240 --> 00:31:45,400 Speaker 1: You know. 557 00:31:45,400 --> 00:31:46,440 Speaker 4: There are two great. 558 00:31:46,200 --> 00:31:49,040 Speaker 5: Books that came out over the last couple of years. 559 00:31:49,080 --> 00:31:51,280 Speaker 5: One was called the War on Small Business. The other 560 00:31:51,320 --> 00:31:54,320 Speaker 5: one was called you Will Own Nothing. Pretty exceptional author 561 00:31:54,520 --> 00:31:56,560 Speaker 5: I think her name was Carol Roth or something like 562 00:31:56,600 --> 00:31:59,479 Speaker 5: that that predicted this was going to happen, and I 563 00:31:59,480 --> 00:32:02,760 Speaker 5: think that we talked about this from the beginning of 564 00:32:02,880 --> 00:32:07,280 Speaker 5: twenty twenty onward. And this is an entirely predictable outcome 565 00:32:07,640 --> 00:32:14,080 Speaker 5: of bad federal reserve and fiscal policy that basically traded 566 00:32:14,200 --> 00:32:17,440 Speaker 5: off people getting, you know, some sort of a small 567 00:32:17,480 --> 00:32:22,040 Speaker 5: stimulus check, small four figure stimulus check for constant inflation 568 00:32:22,360 --> 00:32:26,760 Speaker 5: that eats up there purchasing power over time. And unfortunately, 569 00:32:26,880 --> 00:32:30,120 Speaker 5: people don't seem to understand that when you take actions 570 00:32:30,400 --> 00:32:33,560 Speaker 5: there are always consequences with them. They want to pretend 571 00:32:33,880 --> 00:32:35,760 Speaker 5: that you can just do things and that there isn't 572 00:32:35,760 --> 00:32:38,920 Speaker 5: something that happens on the other side, And particularly when 573 00:32:38,920 --> 00:32:42,360 Speaker 5: it comes to things like economics and math, it's pretty 574 00:32:42,440 --> 00:32:44,880 Speaker 5: clear what the options are on the other side. You 575 00:32:44,920 --> 00:32:47,000 Speaker 5: can put your head in the stand, but that doesn't 576 00:32:47,040 --> 00:32:49,280 Speaker 5: mean that your paycheck that was once you know, one 577 00:32:49,360 --> 00:32:51,600 Speaker 5: hundred and twenty four thousand dollars is now worth a 578 00:32:51,640 --> 00:32:52,240 Speaker 5: fraction of that. 579 00:32:56,040 --> 00:33:00,320 Speaker 1: Okay, Carol, I just it frustrates me so much to 580 00:33:00,360 --> 00:33:03,239 Speaker 1: hear the honest answer, because there were people like you 581 00:33:04,200 --> 00:33:07,280 Speaker 1: screaming this back then. And yet, I mean, I remember 582 00:33:07,360 --> 00:33:11,200 Speaker 1: Republicans running on stimulus checks handing out stimula. No, we 583 00:33:11,320 --> 00:33:13,280 Speaker 1: got to hand out the STEMI checks, got to hand 584 00:33:13,280 --> 00:33:15,800 Speaker 1: out the stimulus checks. And it was just the most 585 00:33:15,840 --> 00:33:19,920 Speaker 1: basic thing in the world that a child could understand. 586 00:33:20,160 --> 00:33:22,440 Speaker 1: You can't just print and spend a bunch of money 587 00:33:22,520 --> 00:33:26,200 Speaker 1: you don't have and hand it out to people without consequences. 588 00:33:26,600 --> 00:33:29,320 Speaker 1: And yet known in DC knows this or they do, 589 00:33:29,400 --> 00:33:31,400 Speaker 1: and they're just a bunch of evil, lying scumbags. 590 00:33:32,680 --> 00:33:35,360 Speaker 5: I'm going to take door number two and I bet 591 00:33:35,400 --> 00:33:39,320 Speaker 5: I'm gonna win the big, big prize behind it. Fortunately, 592 00:33:40,080 --> 00:33:45,280 Speaker 5: we have tribalism, and when tribalism happens, people tend to 593 00:33:45,400 --> 00:33:48,760 Speaker 5: ignore reality, and we're seeing that over and over again. 594 00:33:49,080 --> 00:33:53,520 Speaker 5: You can be supportive of your favorite politician in general, 595 00:33:53,600 --> 00:33:55,840 Speaker 5: and when they come up with a bad policy, you 596 00:33:55,880 --> 00:33:59,120 Speaker 5: should still criticize them because it's a bad policy. 597 00:33:59,440 --> 00:34:02,040 Speaker 4: And just because we had bad policies before. 598 00:34:01,960 --> 00:34:04,240 Speaker 5: Doesn't mean that we should continue to double down on 599 00:34:04,320 --> 00:34:07,280 Speaker 5: them when they don't work. And that is the frustration, 600 00:34:07,720 --> 00:34:11,960 Speaker 5: is that it's very easy to hold some politician some 601 00:34:12,160 --> 00:34:14,680 Speaker 5: party accountable when you're on the other side and you're 602 00:34:14,680 --> 00:34:17,080 Speaker 5: not in charge. But as soon as you have the 603 00:34:17,160 --> 00:34:21,000 Speaker 5: opportunity to do something. We don't have enough people who 604 00:34:21,080 --> 00:34:23,840 Speaker 5: are willing to go to the match, and they just 605 00:34:23,840 --> 00:34:27,160 Speaker 5: seem to forget everything that they argued for the last 606 00:34:27,200 --> 00:34:30,120 Speaker 5: time around. Now they're making excuses for it. 607 00:34:30,200 --> 00:34:31,240 Speaker 4: So until we get. 608 00:34:31,080 --> 00:34:34,120 Speaker 5: Some consistency, none of this is going to change. And 609 00:34:34,160 --> 00:34:36,839 Speaker 5: the other thing that's very frustrating to me is that 610 00:34:36,920 --> 00:34:41,840 Speaker 5: people are willing to organize and go crazy about pretty 611 00:34:41,880 --> 00:34:45,760 Speaker 5: minor things, but when it comes to something like hey, 612 00:34:45,960 --> 00:34:48,919 Speaker 5: you've worked for days, months and years, and now we're 613 00:34:48,960 --> 00:34:52,800 Speaker 5: going to just completely erase that via inflation, we don't 614 00:34:52,840 --> 00:34:56,280 Speaker 5: get the same kind of activism. Perhaps some of it 615 00:34:56,320 --> 00:34:59,560 Speaker 5: is economic and financial literacy, but there just doesn't seem 616 00:34:59,640 --> 00:35:03,000 Speaker 5: to be that gumption when they're stealing from you to 617 00:35:03,160 --> 00:35:05,640 Speaker 5: do the things that this country was founded on. Remember 618 00:35:05,640 --> 00:35:08,320 Speaker 5: when there was a tea party over her excise taxes 619 00:35:08,360 --> 00:35:12,640 Speaker 5: on tea. Somehow that's been lost over time as men 620 00:35:12,719 --> 00:35:13,560 Speaker 5: have gotten soft. 621 00:35:17,280 --> 00:35:20,200 Speaker 1: Yeah, the slow frog boil seems to get Okay, you 622 00:35:20,200 --> 00:35:23,160 Speaker 1: know what, let's change subjects before my blood pressure just 623 00:35:23,200 --> 00:35:26,719 Speaker 1: causes a blood vessel to burst right now. Jerome Pou 624 00:35:26,920 --> 00:35:28,520 Speaker 1: was on TV a couple of weeks ago. Here's what 625 00:35:28,520 --> 00:35:28,920 Speaker 1: he said. 626 00:35:29,400 --> 00:35:31,760 Speaker 5: But Terry, would the fen have cut more by now 627 00:35:31,840 --> 00:35:33,680 Speaker 5: if it weren't for the tariffs? 628 00:35:34,920 --> 00:35:36,680 Speaker 1: So I do think that I think that's right. 629 00:35:36,719 --> 00:35:39,480 Speaker 9: Where in effect, we went on hold when we saw 630 00:35:39,600 --> 00:35:42,239 Speaker 9: the size of the tariffs and where and essentially all 631 00:35:43,120 --> 00:35:46,600 Speaker 9: inflation forecasts for the United States went up materially as 632 00:35:46,640 --> 00:35:50,839 Speaker 9: a consequence of the tariffs. So we didn't overreact. In fact, 633 00:35:50,840 --> 00:35:53,640 Speaker 9: we didn't react at all. We're simply taking some time. 634 00:35:53,680 --> 00:35:56,719 Speaker 9: As long as the US economy is in solid shape, 635 00:35:56,920 --> 00:35:59,600 Speaker 9: we think the prudent thing to do is to wait 636 00:35:59,640 --> 00:36:02,600 Speaker 9: and learn, learn more and see what those effects might be. 637 00:36:02,680 --> 00:36:05,960 Speaker 9: And again they haven't really shown up, and you know, 638 00:36:06,040 --> 00:36:07,680 Speaker 9: so we're for now, we're waiting. 639 00:36:11,440 --> 00:36:14,799 Speaker 1: Okay, Carol, there's all kinds of history here. Can you 640 00:36:14,880 --> 00:36:19,200 Speaker 1: explain why Donald Trump very clearly hates Jerome Palell. They've 641 00:36:19,200 --> 00:36:23,279 Speaker 1: already prepped his successor, or their begun preparations for his successor. 642 00:36:23,360 --> 00:36:26,399 Speaker 1: Trump trashes him publicly every day. I'm know Jerome Powell fan, 643 00:36:26,560 --> 00:36:29,080 Speaker 1: but what is the history here? Why does he hate him. 644 00:36:29,080 --> 00:36:30,640 Speaker 1: Why won't they cut rates? What's going on? 645 00:36:32,080 --> 00:36:35,120 Speaker 5: Well, you know, part of the trashing of Jerome Powell 646 00:36:35,160 --> 00:36:37,319 Speaker 5: really is a trashing of the FED, which is just 647 00:36:37,360 --> 00:36:41,280 Speaker 5: an absolute terrible institution. When Trump talks about how awful 648 00:36:41,320 --> 00:36:44,480 Speaker 5: Jerome Powell is, he's right. But you know, the last 649 00:36:44,520 --> 00:36:48,360 Speaker 5: potentially good FED chair that we had was Paul Volker 650 00:36:48,440 --> 00:36:50,759 Speaker 5: in the late seventies and early eighties. So it's not 651 00:36:50,800 --> 00:36:53,920 Speaker 5: like we've had this amazing run of FED chairs. The 652 00:36:54,000 --> 00:36:59,240 Speaker 5: institution itself is poisoned. Jerome Peal's been wrong about pretty 653 00:36:59,320 --> 00:37:03,520 Speaker 5: much everything thing. He cut rates and held them down. 654 00:37:03,360 --> 00:37:04,239 Speaker 4: For far too long. 655 00:37:04,320 --> 00:37:06,920 Speaker 5: He said in inflation was going to be transitory and 656 00:37:06,960 --> 00:37:08,400 Speaker 5: it wasn't going to be a problem. 657 00:37:08,760 --> 00:37:08,960 Speaker 1: You know. 658 00:37:09,040 --> 00:37:11,960 Speaker 5: Then he then he hiked too fast, and then he 659 00:37:11,960 --> 00:37:14,000 Speaker 5: held it up too long. So you know, he has 660 00:37:14,080 --> 00:37:18,040 Speaker 5: been behind the curve, no pun intended, you know, at 661 00:37:18,120 --> 00:37:22,200 Speaker 5: every point in time. And why President Trump is frustrated 662 00:37:22,320 --> 00:37:26,000 Speaker 5: is because the Biden administration handed the Trump administration a 663 00:37:26,120 --> 00:37:29,480 Speaker 5: very difficult fiscal position. We have one hundred and twenty 664 00:37:29,480 --> 00:37:32,839 Speaker 5: plus percent debt to GDP, we have deficits that are 665 00:37:32,840 --> 00:37:37,160 Speaker 5: wartime level deficits, but we're not engaged in a war 666 00:37:37,280 --> 00:37:40,040 Speaker 5: and we're not in a recession. And at this point, 667 00:37:40,120 --> 00:37:44,040 Speaker 5: our interest expends exceeds our defense spending, which is never 668 00:37:44,080 --> 00:37:47,000 Speaker 5: a good metric for a for a country. 669 00:37:47,160 --> 00:37:48,800 Speaker 4: You know, and it's and its strength. 670 00:37:49,080 --> 00:37:52,279 Speaker 5: So what he's frustrated by is the fact that we 671 00:37:52,440 --> 00:37:56,040 Speaker 5: have so much debt that needs to be financed and refinanced, 672 00:37:56,280 --> 00:37:59,040 Speaker 5: and now rates are high, which means that we are 673 00:37:59,080 --> 00:38:02,839 Speaker 5: going to get even higher amounts of interest expense, and 674 00:38:02,920 --> 00:38:06,160 Speaker 5: that is going to expand our deficit, which is then 675 00:38:06,239 --> 00:38:08,399 Speaker 5: going to push up interest rates even more, and we're 676 00:38:08,400 --> 00:38:10,400 Speaker 5: going to end up in something that looks like a 677 00:38:10,440 --> 00:38:11,160 Speaker 5: debt spiral. 678 00:38:11,360 --> 00:38:12,400 Speaker 4: So he's frustrating. 679 00:38:13,120 --> 00:38:18,200 Speaker 5: The challenge is is that the FED doesn't control what's 680 00:38:18,239 --> 00:38:21,000 Speaker 5: called the long end of the yield curve, the long 681 00:38:21,120 --> 00:38:23,879 Speaker 5: dated security, something like they yield on the ten year. 682 00:38:24,280 --> 00:38:27,640 Speaker 5: Only the short end is what they directly affect. And 683 00:38:27,760 --> 00:38:31,560 Speaker 5: so really at this point what is driving that is 684 00:38:32,000 --> 00:38:36,280 Speaker 5: fiscal policy. So it's true that there is some level 685 00:38:36,320 --> 00:38:39,400 Speaker 5: of frustration and Powell is bad and it's going to 686 00:38:39,480 --> 00:38:42,360 Speaker 5: make sense to replace him, But the things that we 687 00:38:42,600 --> 00:38:47,040 Speaker 5: could have done we haven't done in order to affect 688 00:38:47,160 --> 00:38:51,719 Speaker 5: that change. Because the fiscal policy is now dominating monetary policy, 689 00:38:52,200 --> 00:38:55,799 Speaker 5: and there are things that the Treasury probably can do 690 00:38:55,920 --> 00:38:59,160 Speaker 5: and will be doing, but there is a price to pay, 691 00:38:59,239 --> 00:39:01,200 Speaker 5: which takes our discussion full circle. 692 00:39:01,800 --> 00:39:04,080 Speaker 4: The things that they can do to change. 693 00:39:03,840 --> 00:39:06,760 Speaker 5: Things around probably lead to more inflation. 694 00:39:10,520 --> 00:39:13,000 Speaker 1: So we're still spending and printing too much money. Is 695 00:39:13,000 --> 00:39:13,640 Speaker 1: that what you're saying? 696 00:39:15,640 --> 00:39:17,160 Speaker 5: If you want to just tie it up in a 697 00:39:17,239 --> 00:39:19,920 Speaker 5: nice little bow, Jesse, I think that's a very easy 698 00:39:19,960 --> 00:39:20,560 Speaker 5: way to say it. 699 00:39:23,960 --> 00:39:26,880 Speaker 1: All right, I do want to address this before I 700 00:39:26,920 --> 00:39:29,319 Speaker 1: let you go. Trump interest rates says he wants them 701 00:39:29,320 --> 00:39:29,880 Speaker 1: at one percent. 702 00:39:29,920 --> 00:39:34,919 Speaker 3: Here he was, each point costs US three hundred and 703 00:39:34,960 --> 00:39:40,680 Speaker 3: sixty billion dollars billion, one point three hundred and sixty billion, 704 00:39:41,400 --> 00:39:45,200 Speaker 3: two points. You got six hundred seven hundred billion dollars, 705 00:39:45,800 --> 00:39:51,480 Speaker 3: and we're way high. We're for fifty or four to 706 00:39:51,480 --> 00:39:55,560 Speaker 3: twenty five, four fifty. And how do you go borrow 707 00:39:55,640 --> 00:39:57,480 Speaker 3: money at one percent when the Fed has you hat 708 00:39:57,480 --> 00:40:00,800 Speaker 3: four fifty and you know it's it's not that easy. 709 00:40:00,840 --> 00:40:02,759 Speaker 3: I get angry at them. Why are we paying so much? 710 00:40:02,920 --> 00:40:04,960 Speaker 3: You know, because he's got you up at this number, 711 00:40:05,520 --> 00:40:07,480 Speaker 3: and we should be at one point. We should be 712 00:40:07,520 --> 00:40:08,680 Speaker 3: at one percent. 713 00:40:11,920 --> 00:40:14,160 Speaker 1: Carol, Should we be at one percent, thought that sounds 714 00:40:14,160 --> 00:40:16,240 Speaker 1: great to me. But should we be at one percent? 715 00:40:17,000 --> 00:40:18,919 Speaker 4: Well, it's funny the market doesn't seem to think. 716 00:40:18,920 --> 00:40:20,839 Speaker 5: So the market thinks that we should be at four 717 00:40:20,840 --> 00:40:23,080 Speaker 5: and a half percent, which is where the market is today. 718 00:40:23,120 --> 00:40:24,920 Speaker 4: And that's the challenge is that. 719 00:40:24,840 --> 00:40:27,600 Speaker 5: The longer term securities, as I was saying, that the 720 00:40:27,719 --> 00:40:31,560 Speaker 5: yield on those longer term securities are determined by supply 721 00:40:31,680 --> 00:40:35,360 Speaker 5: and demand. We no longer have central banks from around 722 00:40:35,400 --> 00:40:38,680 Speaker 5: the world demanding to buy treasuries. They used to give 723 00:40:38,760 --> 00:40:41,080 Speaker 5: us a path a pass, which is why we used 724 00:40:41,120 --> 00:40:43,759 Speaker 5: to have such low interest rates, and they would load 725 00:40:43,960 --> 00:40:47,080 Speaker 5: up on our treasury securities. But now you know, the 726 00:40:47,120 --> 00:40:49,239 Speaker 5: last ten years, they've been net sellers and they've been 727 00:40:49,280 --> 00:40:52,400 Speaker 5: replacing that with gold, which means that the people in 728 00:40:52,440 --> 00:40:56,520 Speaker 5: the market who are buying our securities are those who 729 00:40:56,600 --> 00:41:02,120 Speaker 5: are more price sensitive. They're demanding a to hold our 730 00:41:02,200 --> 00:41:04,799 Speaker 5: debt for longer, and we saw we've gotten some debt 731 00:41:04,880 --> 00:41:07,560 Speaker 5: downgrades over the last couple of years, including a couple 732 00:41:07,680 --> 00:41:11,719 Speaker 5: months ago, so they're demanding extra premium for that. And 733 00:41:11,760 --> 00:41:14,799 Speaker 5: we have a lot of supply that's going into the 734 00:41:14,840 --> 00:41:18,240 Speaker 5: market that's going to impact that supply and demand ratio. 735 00:41:18,560 --> 00:41:20,440 Speaker 4: Now, there are things coming down the pike. 736 00:41:20,560 --> 00:41:24,160 Speaker 5: That you can see the Treasury and the administration setting 737 00:41:24,239 --> 00:41:28,440 Speaker 5: up something like the Genius Act, which talks about stable 738 00:41:28,560 --> 00:41:32,239 Speaker 5: coins being backed by treasuries and a link by which 739 00:41:33,160 --> 00:41:36,719 Speaker 5: central bank reserves could be used to back those That 740 00:41:36,800 --> 00:41:40,840 Speaker 5: could then increase demand from stable coins to buy treasuries. 741 00:41:40,880 --> 00:41:43,320 Speaker 5: There are other things that they can do to increase 742 00:41:43,400 --> 00:41:46,600 Speaker 5: the demand and to try to drive that interest rate down, 743 00:41:46,640 --> 00:41:49,279 Speaker 5: which probably doesn't get to one but maybe they can 744 00:41:49,320 --> 00:41:52,440 Speaker 5: do it. But the challenge is, as I've said before, 745 00:41:52,440 --> 00:41:55,600 Speaker 5: there is a trade off and when they do that, 746 00:41:55,600 --> 00:41:58,560 Speaker 5: that is going to be a commodative policy. That's going 747 00:41:58,600 --> 00:42:01,600 Speaker 5: to be stimulative policy, see, which means that you are 748 00:42:01,640 --> 00:42:05,480 Speaker 5: going to get inflation somewhere. It could come in asset 749 00:42:05,600 --> 00:42:08,840 Speaker 5: prices like we saw, you know, early after the Great Recession. 750 00:42:08,880 --> 00:42:12,480 Speaker 5: Financial prices, we're housing prices and stocks and those kinds 751 00:42:12,520 --> 00:42:15,399 Speaker 5: of things continue to go up more than let's say, 752 00:42:15,440 --> 00:42:18,400 Speaker 5: the direct cost of living. But some of the tricks 753 00:42:18,440 --> 00:42:20,960 Speaker 5: that they may do in order to get that interest 754 00:42:21,080 --> 00:42:25,040 Speaker 5: right down could also end up impacting the cost of living. 755 00:42:25,360 --> 00:42:28,959 Speaker 5: Either way, it's going to drive continued non merit based 756 00:42:28,960 --> 00:42:32,240 Speaker 5: inequality it's going to create more haves and have nots, 757 00:42:32,480 --> 00:42:34,240 Speaker 5: and that is not a good thing for this country. 758 00:42:34,239 --> 00:42:36,759 Speaker 4: And that's not what we're trying to solve for right now. 759 00:42:37,600 --> 00:42:40,399 Speaker 5: So I do think there will be a time when 760 00:42:40,400 --> 00:42:43,120 Speaker 5: interest rates will go down. It will be based on 761 00:42:43,200 --> 00:42:46,920 Speaker 5: some probably funky policy, and there will be, as there 762 00:42:46,960 --> 00:42:54,359 Speaker 5: always is a price to pay. 763 00:42:55,080 --> 00:42:57,319 Speaker 1: Thanks a lot, Carol, Thank you, Carol, come back soon. 764 00:43:00,360 --> 00:43:14,080 Speaker 1: All right, light the mood next. All right, it is 765 00:43:14,160 --> 00:43:18,880 Speaker 1: time to lighten the mood. And wildlife encounters can be 766 00:43:19,360 --> 00:43:23,920 Speaker 1: scary things. This gentleman. You know it's what I'm talking about. 767 00:43:24,520 --> 00:43:26,720 Speaker 10: I heard, I heard the row. I felt, I felt 768 00:43:26,719 --> 00:43:28,759 Speaker 10: that rour. I know to you keep it pushing, I 769 00:43:28,880 --> 00:43:29,239 Speaker 10: know that. 770 00:43:29,680 --> 00:43:32,799 Speaker 11: Curtis Jones says he was walking near Robber Street late 771 00:43:32,840 --> 00:43:36,239 Speaker 11: Wednesday when he saw people running from what appeared to 772 00:43:36,239 --> 00:43:37,680 Speaker 11: be a large wild cat. 773 00:43:37,880 --> 00:43:39,439 Speaker 10: I thought, I see the people around, I'll just see 774 00:43:39,480 --> 00:43:43,000 Speaker 10: something big just walking just right over here, right everybody, boy, 775 00:43:43,000 --> 00:43:44,920 Speaker 10: they went right over here. I swear I promised him 776 00:43:45,040 --> 00:43:47,960 Speaker 10: right over there. He just it's a I just I 777 00:43:48,120 --> 00:43:51,040 Speaker 10: just cut walking. I've seen it, seen me see it. 778 00:43:51,280 --> 00:43:53,279 Speaker 10: So in my head, I'm like, no, I gotta go, man, 779 00:43:53,320 --> 00:43:57,600 Speaker 10: I'm all about like this bit it was it was 780 00:43:57,680 --> 00:43:59,880 Speaker 10: it was, it was just walking, slithering like it was. 781 00:44:00,400 --> 00:44:01,239 Speaker 1: I don't know, man. 782 00:44:01,480 --> 00:44:04,239 Speaker 11: A shelter in place was ordered and then lifted when 783 00:44:04,360 --> 00:44:07,760 Speaker 11: RPD was unable to verify the presence of a wild animal. 784 00:44:08,280 --> 00:44:12,920 Speaker 11: Police say no reports have been substantiated. Jones tells me 785 00:44:13,000 --> 00:44:14,279 Speaker 11: he remains on edge. 786 00:44:14,480 --> 00:44:15,200 Speaker 1: Gotta keep this. 787 00:44:15,160 --> 00:44:15,759 Speaker 3: Bad right here. 788 00:44:15,840 --> 00:44:18,120 Speaker 10: I'm gonna keep this bad right here, man. That's okay. 789 00:44:18,160 --> 00:44:20,120 Speaker 10: I'm gonna protect this. I ain't gonna let nothing happen 790 00:44:20,200 --> 00:44:22,440 Speaker 10: to us nothing. Okay, they ain't find it last night. 791 00:44:22,480 --> 00:44:24,040 Speaker 10: It's still out here. It could be all heard one 792 00:44:24,080 --> 00:44:26,880 Speaker 10: of these bushes or something, you know, the mountain lion aby, Wow, 793 00:44:27,120 --> 00:44:31,879 Speaker 10: they crawling. Serious. I don't play with lions. I don't 794 00:44:31,880 --> 00:44:35,160 Speaker 10: play with tigers, bears, nothing with the wild. I don't 795 00:44:35,160 --> 00:44:38,080 Speaker 10: play with those. I promise you. I don't even do 796 00:44:38,160 --> 00:44:47,200 Speaker 10: roller coasters. I'm good, I'll see it.