WEBVTT - Sam Seder & Ryan Mac

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<v Speaker 1>Hi, I'm Molly John Fast and this is Fast Politics,

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<v Speaker 1>where we discussed the top political headlines with some of

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<v Speaker 1>today's best minds. And on Monday night, Donald Trump shared

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<v Speaker 1>over one hundred and fifty brain rot posts on truth

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<v Speaker 1>social We have such a great show for you today,

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<v Speaker 1>The Majority Report Sam Cedar stops by to talk about

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<v Speaker 1>Donald Trump's North Korean style press conference. Then we'll talk

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<v Speaker 1>to The New York Times his own Ryan Mack about

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<v Speaker 1>David Sachs and his double dealing in the Trump white House.

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<v Speaker 1>But first the news.

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<v Speaker 2>My the Republicans are in disarray. Elise Stefanic, whose aspirations

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<v Speaker 2>are very large, about as large as her mouth when

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<v Speaker 2>she's saying really racist and as long as public things.

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<v Speaker 2>I was very very mad at the speaker today. How

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<v Speaker 2>are you feeling about this?

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<v Speaker 1>It's been a tough road for at least Stephonic and

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<v Speaker 1>I don't hate it. You'll remember that last week Democratic

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<v Speaker 1>Mayor elect Zori and mom Donnie went to the White

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<v Speaker 1>House and Donald Trump threw a last Dephonic right under

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<v Speaker 1>the bus, saying that she had called him a geh

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<v Speaker 1>hottist because that's what you do in a campaign, and

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<v Speaker 1>not because she's legitimately racist, which I guess is better.

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<v Speaker 1>I don't know anyway, at least demonic. She's posting through it,

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<v Speaker 1>and she's posting through it against the Speaker of the House,

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<v Speaker 1>Mike Johnson, a lawyer who is known best for holding

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<v Speaker 1>the phone when Donald Trump doesn't tell a rally. I

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<v Speaker 1>don't know what's going to happen here. Look, he's got

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<v Speaker 1>a very small majority. He is trying to do everything

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<v Speaker 1>he can to keep control of the House. You know,

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<v Speaker 1>you really see how having Donald Trump pick leadership and

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<v Speaker 1>just picking the people who will suck up to him

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<v Speaker 1>the best is really not working out so great. And

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<v Speaker 1>so here we have it. Chip Roy argued that Congress

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<v Speaker 1>should fully intervene a wide swath of issues in college athletics.

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<v Speaker 1>Maybe we should fix the mess. I mean, again, these

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<v Speaker 1>guys can't fucking do anything, so why are they going

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<v Speaker 1>to get involved with college sports? It doesn't even make

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<v Speaker 1>any sense. It's just very, very stupid. I think that

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<v Speaker 1>we're going to see a lot more of these kind

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<v Speaker 1>of problems that are you don't even think that can

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<v Speaker 1>go wrong when you have someone like Nancy Pelosi in

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<v Speaker 1>the job, and now we have Stephonic blaming Johnson for

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<v Speaker 1>delaying and ultimately killing her nomination to keep the House

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<v Speaker 1>GOP majority from further dwindling. You'll remember Marjorie Taylor Green

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<v Speaker 1>is resigning in January. They're just in every point different

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<v Speaker 1>sort of stupid things happening here that have gotten us here,

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<v Speaker 1>and Stephonic has more bills she wants to pass. On Monday,

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<v Speaker 1>Stefanic accuse Johnson of getting rolled by Democrats after Jamie

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<v Speaker 1>Raskin succeeded in stripping this provision she wants. I mean,

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<v Speaker 1>this is just like little backbiting in fighting, but it

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<v Speaker 1>wouldn't be coming out on Twitter were these guys not

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<v Speaker 1>in real trouble keeping the majority trying to pass stuff,

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<v Speaker 1>and I, for one love to see it. By the way,

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<v Speaker 1>this is Johnson said to a journalist. I don't know

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<v Speaker 1>why at least won't just call me. I do. I

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<v Speaker 1>texted her last night and said I would help figure

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<v Speaker 1>out what happened. Again, Stavonik, being you know, the ultimate

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<v Speaker 1>Trumpian move, she quickly shot back, posting on X just

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<v Speaker 1>more lies from the speaker. This is his preferred tactic

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<v Speaker 1>to tell members when he gets caught torpedoing The Republican agenda.

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<v Speaker 1>I mean, just wild way to behave and pretty unusual.

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<v Speaker 1>It's trump Ism has got to Congress.

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<v Speaker 2>Yep. So this is a really interesting one. Costco is

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<v Speaker 2>suing the Trump administration for a full refund of the

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<v Speaker 2>tariffs incurred at their stores, which is quite a hefty

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<v Speaker 2>penny considering how much inventory Costco moves.

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<v Speaker 1>Yeah, this is pretty nuts. There are a couple of

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<v Speaker 1>other companies that have lined up for refunds that are

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<v Speaker 1>suing the Trump administration. Trump unilaterally put together these tariffs.

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<v Speaker 1>He did it as an emergency order, whatever that means.

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<v Speaker 1>The Supreme Court may say he has no right to

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<v Speaker 1>do any of this. That is very possible, slash likely. Yeah,

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<v Speaker 1>this is such a good example of how these private

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<v Speaker 1>companies can in fact push back. They just have so

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<v Speaker 1>far chosen not to. And here we have a really

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<v Speaker 1>good example of a private company that is a huge retailer.

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<v Speaker 1>And you know, we're still waiting. There's going to be

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<v Speaker 1>a Supreme Court decision on this emergency powers law and

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<v Speaker 1>we'll see, and you know, it may be that this

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<v Speaker 1>gets repealed, that he has to pay back all the tariffs.

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<v Speaker 1>The problem with having a president who does lots of

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<v Speaker 1>illegal stuff is that you really don't know what's going

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<v Speaker 1>to get ruled illegal by this court, and that's where

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<v Speaker 1>Costco finds itself. But it's good to see that they're

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<v Speaker 1>doing this, and probably this is the only way to

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<v Speaker 1>push back.

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<v Speaker 2>Yeah, and it's interesting too because Costco is one of

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<v Speaker 2>the most different business models when it comes to employees,

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<v Speaker 2>is that they pay their employees much better than their

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<v Speaker 2>competitors at a bit of very lefty organization, as lefty

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<v Speaker 2>as corporations get. So this is a very interesting way

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<v Speaker 2>of fighting back against trump Ism.

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<v Speaker 1>Yeah, and look, it's probably the best way to do it.

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<v Speaker 2>Agreed. So another interesting move that could really really change

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<v Speaker 2>our politics. One hundred former wallmakers have called on the

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<v Speaker 2>House to band stock trading by members of Congress.

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<v Speaker 1>Don't get my hopes up. I love those dock trading bans.

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<v Speaker 1>That's like my favorite. You know, we were talking about

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<v Speaker 1>it earlier, Like I love a stock trading ban. So

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<v Speaker 1>let's hope it happens again. It's wildly popular. There's no

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<v Speaker 1>reason not to do it. It's called the Restore Trust

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<v Speaker 1>in Congress Act. I have a lot of trouble imagining

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<v Speaker 1>that Republicans will passet, but you know, the former lawmakers

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<v Speaker 1>to sign the letter. By the way, Tom Dashell, did

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<v Speaker 1>gepart Olivia Snow, Fred Upton, sixty Democrats, twenty eight Republicans,

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<v Speaker 1>two independents. Yeah, and look at the polling on it

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<v Speaker 1>is wildly popular. There had been some machinations to pass

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<v Speaker 1>something like this, and Donald Trump had said he wanted

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<v Speaker 1>to cut out for the president. I mean, we have

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<v Speaker 1>a president and executive branch that is doing corrupt things

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<v Speaker 1>at a scale we've probably never seen before. Makes Tibat

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<v Speaker 1>Dome look like Lincoln. So I do think it makes

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<v Speaker 1>sense that you would want to have broad, sweeping reforms.

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<v Speaker 1>But I also think that you're going to have a

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<v Speaker 1>lot of trouble passing that in Trump world right now

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<v Speaker 1>because for obvious reasons.

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<v Speaker 2>So the entire chain of command under Pete's hexas Department

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<v Speaker 2>of Work could be held liable for the boat strikes.

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<v Speaker 2>I think this is pretty interesting. It seemed like in

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<v Speaker 2>that press conference to a whiskey, Pete was trying to

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<v Speaker 2>put on a smiley face as much as he could,

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<v Speaker 2>but really wasn't giving a good acting job. To me.

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<v Speaker 1>Yeah, I mean, I don't know. Donald Trump hates firing

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<v Speaker 1>people at least in two point zero. He hates firing people.

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<v Speaker 2>I must say, very ironic for the year fire. Yess.

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<v Speaker 1>Yeah, he does seem to not want to fire. Hegseet

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<v Speaker 1>though ultimately, sooner or later, this whole thing is going to,

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<v Speaker 1>you know, killing the fishermen. You know, there's only so

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<v Speaker 1>many Laura Lumer Pedagon press conferences. There's only so many

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<v Speaker 1>times you could have Matt Gates in there asking fake

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<v Speaker 1>questions and pizza Jack. I'm talking about that incredible, incredible

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<v Speaker 1>Pentagon press conference today where they called on an entire

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<v Speaker 1>media made up of MAGA to tell them how great

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<v Speaker 1>they are. But I think eventually the bill will come

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<v Speaker 1>due on this, and it's hard for me to imagine

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<v Speaker 1>that it's not going to end pretty terrible. Sam Cedar

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<v Speaker 1>is the host of The Majority Report. Sam Cedar, Molly

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<v Speaker 1>John Fast Welcome, Welcome, Welcome, Welcome, Welcome.

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<v Speaker 3>I just figured out what fast politics meant.

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<v Speaker 1>What does it mean?

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<v Speaker 3>It's your last name? Yes, I had not put that together.

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<v Speaker 3>I was like, why fast politics? And then I realized, like, oh, okay,

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<v Speaker 3>oh got it.

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<v Speaker 1>When I start my own school of political theory, it'll

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<v Speaker 1>be called FasTIS Oh?

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<v Speaker 3>I like that?

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<v Speaker 1>Yes, just like Trump's razor is that the stupidest explanation

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<v Speaker 1>is always the right one.

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<v Speaker 3>It's also the easiest one for him to reach for.

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<v Speaker 1>So I actually believe that his North Korean style cabinet

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<v Speaker 1>meetings where every member of the cabinet goes around and

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<v Speaker 1>praises him are appalling, hilarious and also actually quite smart,

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<v Speaker 1>and the Democrats should do them.

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<v Speaker 3>I mean, it creates the mess of He's it's sort

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<v Speaker 3>of like, you know, what it does is it reprises

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<v Speaker 3>his role in The Apprentice, where everybody goes around and

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<v Speaker 3>sort of placates him and looks like they're supplicating themselves

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<v Speaker 3>to him. And in The Apprentice, to be fair, he

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<v Speaker 3>never fell asleep, and this time around he did on

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<v Speaker 3>multiple occasions.

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<v Speaker 1>You know, I was reading this book. It's a very

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<v Speaker 1>smart book of political profiles by someone whose name I

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<v Speaker 1>will not mention because they are a serial fabulous and

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<v Speaker 1>I do not want to give them any attention. But

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<v Speaker 1>the writing is very, very good, and that's why I

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<v Speaker 1>was reading it. And what I found so interesting about

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<v Speaker 1>it is that it talked about Donald Trump as a

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<v Speaker 1>seventy year old, and it made me remember that we

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<v Speaker 1>have been doing this for an entire decade.

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<v Speaker 3>Oh, I mean sort of more when it comes to Trump.

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<v Speaker 3>But I mean, yes, we've been doing for a decade.

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<v Speaker 3>It is exhausting. But you know, we had a problem

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<v Speaker 3>with politics before and we were just saying, you know,

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<v Speaker 3>before the show, like people forget that Mitt Romney made

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<v Speaker 3>a big, big production of coming to New York to

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<v Speaker 3>kiss Donald Trump's ring and get his permission in his impromatur.

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<v Speaker 3>I mean then that was in twenty twelve, and so

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<v Speaker 3>you know, Donald Trump was one of the intellectual pillars

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<v Speaker 3>of the Republican Party. All of the birth certificate stuff,

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<v Speaker 3>the brother stuff was he was the main tent pole

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<v Speaker 3>for that, and people forget John Bayner wouldn't push back

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<v Speaker 3>against it. This is well, you know what this is.

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<v Speaker 3>This is a Republicanism that has been around, I would

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<v Speaker 3>argue for close to two decades plus.

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<v Speaker 1>And you know, if you want to go down that

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<v Speaker 1>rabbit hole of the America First Movement, I mean you

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<v Speaker 1>can you can parse it back Pat Nickson, Pat Buchan, Yeah,

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<v Speaker 1>I mean, but even Nixon, I mean even you can

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<v Speaker 1>go further and further back. I mean, you have Republicans

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<v Speaker 1>supporting horrible dictators for you know, the.

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<v Speaker 3>Last Democrats, Democrats too.

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<v Speaker 1>I mean, look, you're talking to someone who's the granddaughter

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<v Speaker 1>of the last living recipient of the Stalin Peace Prize.

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<v Speaker 1>So people make mistakes. That's all I'm saying.

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<v Speaker 3>It's true, people make mistakes. But also I mean I think,

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<v Speaker 3>like you know, the we've had when it comes to

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<v Speaker 3>foreign policy and being supportive of dictators, that has been

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<v Speaker 3>largely a bipartisan project in many respects.

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<v Speaker 1>But it stops today with Pete haig Seth bombing fishermen

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<v Speaker 1>in the Caribbean.

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<v Speaker 3>See here's what I find stunning about this story. This

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<v Speaker 3>has been going on since September second, and we have

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<v Speaker 3>heard virtually nothing, and now you know the issue is

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<v Speaker 3>and I sort of, I mean, I sort of understand

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<v Speaker 3>this dynamic. I don't want to be sort of Pollyannish

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<v Speaker 3>about this, but the idea that it's only occurring to

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<v Speaker 3>people now that this is a crime, like I don't

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<v Speaker 3>even know if it's a war crime. People want to

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<v Speaker 3>argue it's a war crime because once you attack vessel

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<v Speaker 3>or the enemy, and if they're in a boat, and

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<v Speaker 3>if there's any chance of them surviving, you're not supposed

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<v Speaker 3>to double tap. But we're not at war with these people.

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<v Speaker 3>We don't even know who they are, so it's not

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<v Speaker 3>a war crime. It's a crime crime that is being

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<v Speaker 3>committed on top of a crime.

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<v Speaker 1>I laugh, to keep from crime, and.

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<v Speaker 3>With alute no substantiation as to who they are, no

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<v Speaker 3>authority even if they are who they say, who the

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<v Speaker 3>administration says they are, and there's no reason to believe that.

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<v Speaker 3>I mean, we were told they were going into that

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<v Speaker 3>building in Chicago with the Blackhawk helicopters and they were

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<v Speaker 3>basically putting Latino people in one moving truck and black

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<v Speaker 3>people in another moving truck because that whole place was

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<v Speaker 3>full of trend to Agua and there was none. And

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<v Speaker 3>so there's only for us to believe them about this.

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<v Speaker 3>But even if we were to believe that they were

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<v Speaker 3>trend to Agua in these boats that were incidentally both

0:13:06.760 --> 0:13:10.120
<v Speaker 3>on the Pacific and the Caribbean, there's no authority to

0:13:10.240 --> 0:13:14.240
<v Speaker 3>you laterally bomb these people. Yet we haven't heard a

0:13:14.240 --> 0:13:16.400
<v Speaker 3>word about it, and now it's just coming out as like,

0:13:16.480 --> 0:13:19.280
<v Speaker 3>you know, because there are some Republicans who decide that

0:13:19.320 --> 0:13:21.480
<v Speaker 3>they see this as an opportunity to get rid of

0:13:21.520 --> 0:13:23.680
<v Speaker 3>HEG Sith, and of course heg sys is throwing his

0:13:24.000 --> 0:13:27.040
<v Speaker 3>uh you know, is admiral under the bus. This is

0:13:27.160 --> 0:13:29.240
<v Speaker 3>like three months overdue in my estimation.

0:13:29.520 --> 0:13:34.520
<v Speaker 1>Yeah, oh yeah. And also I mean they very likely

0:13:34.559 --> 0:13:38.480
<v Speaker 1>are fishermen too. I mean there's there's the illegality of

0:13:38.600 --> 0:13:41.560
<v Speaker 1>the war, which is maybe not a war because it

0:13:41.840 --> 0:13:44.640
<v Speaker 1>has in Congress hasn't said it's a war. And then

0:13:44.679 --> 0:13:46.760
<v Speaker 1>there's also just the fact that they're probably not even

0:13:46.760 --> 0:13:48.400
<v Speaker 1>those people anyway, right.

0:13:48.280 --> 0:13:50.559
<v Speaker 3>I mean, but who would you who would you declare

0:13:50.679 --> 0:13:54.640
<v Speaker 3>war against boats? Like well, honestly, like like these are

0:13:54.760 --> 0:13:57.720
<v Speaker 3>fish to not that there has any been any reporting

0:13:57.760 --> 0:14:00.560
<v Speaker 3>on who they are, right, there's a lot of evidence

0:14:00.600 --> 0:14:03.520
<v Speaker 3>that it was just uh, fisherman. But the United States

0:14:03.559 --> 0:14:08.079
<v Speaker 3>is going to go to war with a gang. I mean,

0:14:08.320 --> 0:14:12.000
<v Speaker 3>now there's no like, there's no authorization for this. It's absurd.

0:14:12.160 --> 0:14:14.040
<v Speaker 1>You know what I think though, is the most interesting

0:14:14.120 --> 0:14:17.240
<v Speaker 1>part of this is that in Trump one point, oh,

0:14:17.480 --> 0:14:21.200
<v Speaker 1>we always see Trump is like a master of sequels, right,

0:14:21.280 --> 0:14:23.720
<v Speaker 1>he cares a lot about So in Trump one point,

0:14:23.800 --> 0:14:25.080
<v Speaker 1>h he had this idea that he was going to

0:14:25.120 --> 0:14:28.360
<v Speaker 1>go to war with Mexico, remember that, And he wasn't

0:14:28.360 --> 0:14:30.080
<v Speaker 1>going to go to war with Mexico. He's going to

0:14:30.160 --> 0:14:32.960
<v Speaker 1>go to war with the cartels in Mexico. So I

0:14:33.000 --> 0:14:36.360
<v Speaker 1>think this is a continuation of that. But it makes

0:14:36.400 --> 0:14:41.880
<v Speaker 1>me wonder about the government in Mexico and how they

0:14:42.040 --> 0:14:46.200
<v Speaker 1>managed to distract Trump with a new government, because like,

0:14:46.520 --> 0:14:49.320
<v Speaker 1>do you remember all throughout one point, oh, he was

0:14:49.440 --> 0:14:51.360
<v Speaker 1>like going to go to war with Mexico, And now

0:14:51.400 --> 0:14:55.600
<v Speaker 1>Mexico has a woman president sort of she's kind of

0:14:55.600 --> 0:14:59.200
<v Speaker 1>a cutout, but and she's sort of pretty, and now

0:14:59.240 --> 0:15:00.680
<v Speaker 1>he's not going to go to war with Mexican.

0:15:00.800 --> 0:15:02.880
<v Speaker 3>I think it's frankly, it's because I think they have

0:15:03.440 --> 0:15:07.680
<v Speaker 3>stopped immigrants from traversing through Mexico. This is my guest,

0:15:08.560 --> 0:15:11.120
<v Speaker 3>and I I've seen some reporting of about this, but

0:15:11.160 --> 0:15:15.479
<v Speaker 3>not much that they've you know, essentially shut their borders

0:15:15.800 --> 0:15:20.280
<v Speaker 3>to uh, Central America, at least for people, you know,

0:15:20.280 --> 0:15:23.600
<v Speaker 3>for immigrants attempting to get to the US. And so

0:15:23.960 --> 0:15:28.080
<v Speaker 3>I think he's happy with the amount of immigrants that

0:15:28.120 --> 0:15:31.280
<v Speaker 3>are not coming into the border. And I think there's

0:15:31.320 --> 0:15:35.040
<v Speaker 3>also like a I don't know who's driving this compulsion,

0:15:35.080 --> 0:15:38.720
<v Speaker 3>if it's Rubio or what, but there's a serious compulsion

0:15:39.040 --> 0:15:44.080
<v Speaker 3>within his administration to overthrow a Maduro in Venezuela. And

0:15:44.080 --> 0:15:46.720
<v Speaker 3>I think there's probably you know, two projects, you know,

0:15:46.760 --> 0:15:48.920
<v Speaker 3>only one project at a time in that region that

0:15:49.000 --> 0:15:51.280
<v Speaker 3>he wants to pursue. I mean, that's why there, that's

0:15:51.280 --> 0:15:53.480
<v Speaker 3>why he's bombing these boats. It has nothing to do

0:15:53.560 --> 0:15:58.360
<v Speaker 3>with with drugs. And not even ten percent of drugs

0:15:58.360 --> 0:16:01.280
<v Speaker 3>that enter into the United States are coming from Venezuela.

0:16:01.600 --> 0:16:02.400
<v Speaker 3>I mean, there's just.

0:16:02.520 --> 0:16:04.680
<v Speaker 1>Now that's just coming from China.

0:16:04.760 --> 0:16:09.360
<v Speaker 3>It's a complete pretense. And when he brought Juan Guido

0:16:09.760 --> 0:16:14.400
<v Speaker 3>to Congress, I can't remember what year it was, Guido

0:16:14.520 --> 0:16:16.880
<v Speaker 3>got a standing ovation for both sides of the aisle

0:16:17.160 --> 0:16:20.960
<v Speaker 3>and he clearly he was not the president of Venezuela

0:16:21.480 --> 0:16:25.520
<v Speaker 3>and he's never has been since. So you know, Trump,

0:16:25.520 --> 0:16:29.280
<v Speaker 3>I think has they want Venezuela and oil, and that's

0:16:29.320 --> 0:16:31.120
<v Speaker 3>what I think a lot of this is all about.

0:16:31.120 --> 0:16:32.760
<v Speaker 3>At the end of the day, I think he says

0:16:32.760 --> 0:16:34.040
<v Speaker 3>as much, almost.

0:16:33.800 --> 0:16:38.480
<v Speaker 1>Let's talk about the Congress because Mike Johnson, I am

0:16:38.520 --> 0:16:43.840
<v Speaker 1>really enjoying this, the misery that is Mike Johnson's life

0:16:43.880 --> 0:16:47.920
<v Speaker 1>right now. He had he's fighting with a least aphonic

0:16:48.520 --> 0:16:53.040
<v Speaker 1>on Twitter. He has got this special election in Tennessee.

0:16:53.120 --> 0:16:56.440
<v Speaker 1>It's in R plus twenty two, it's happening. So when

0:16:56.480 --> 0:16:59.040
<v Speaker 1>people listen to this tomorrow, they will be they will

0:16:59.080 --> 0:17:02.640
<v Speaker 1>know if it Democrats probably will overperform. How much we

0:17:02.720 --> 0:17:06.120
<v Speaker 1>don't know enough to make Donald Trump tweet about it

0:17:06.280 --> 0:17:09.400
<v Speaker 1>and call in on the phone. And it just seems

0:17:09.440 --> 0:17:12.880
<v Speaker 1>to me, you know, he has a four or five

0:17:12.960 --> 0:17:17.520
<v Speaker 1>seat majority, he has all these specials coming up, he

0:17:17.600 --> 0:17:21.280
<v Speaker 1>still has another year before the midterms.

0:17:21.600 --> 0:17:24.919
<v Speaker 3>I think this race is going to have a lot

0:17:25.040 --> 0:17:31.480
<v Speaker 3>more relevance as a special election than most because putting

0:17:31.480 --> 0:17:34.119
<v Speaker 3>aside the first order issue of like this would flip

0:17:34.160 --> 0:17:37.520
<v Speaker 3>another seat, and he has a dwindling majority in the

0:17:37.800 --> 0:17:40.280
<v Speaker 3>in the House, and put aside you know, the sort

0:17:40.320 --> 0:17:43.080
<v Speaker 3>of like the tea leaves that people read from a

0:17:43.119 --> 0:17:46.639
<v Speaker 3>special election, it's a you know, it's a Trump plus

0:17:46.680 --> 0:17:50.920
<v Speaker 3>twenty two district. You know, you account for some Democrats

0:17:50.960 --> 0:17:52.680
<v Speaker 3>are going to be more motivated in a special election

0:17:52.720 --> 0:17:55.760
<v Speaker 3>than Republicans. But that's also case on the on the midterm.

0:17:55.800 --> 0:17:58.840
<v Speaker 3>But I'm convinced that if ban gets in there, like

0:17:58.920 --> 0:18:02.200
<v Speaker 3>within like let's say four or five points, or wins

0:18:02.280 --> 0:18:04.440
<v Speaker 3>for that matter. But if she gets within four or

0:18:04.520 --> 0:18:07.879
<v Speaker 3>five points, I think you're gonna see another two or

0:18:07.880 --> 0:18:11.600
<v Speaker 3>three resignations or retirements, I should say, maybe even a

0:18:11.640 --> 0:18:18.280
<v Speaker 3>resignation of House members, because if she's gonna overperform by

0:18:18.320 --> 0:18:22.080
<v Speaker 3>seventeen points, again Trump, this with with with all the

0:18:22.119 --> 0:18:25.359
<v Speaker 3>deployment of all the money, all the Trump I mean,

0:18:26.160 --> 0:18:28.760
<v Speaker 3>most Congress people are not gonna get that much attention

0:18:29.720 --> 0:18:35.480
<v Speaker 3>in their midterm races, and from the national Party and

0:18:35.560 --> 0:18:37.479
<v Speaker 3>from Donald Trump. You've got a lot of people who

0:18:37.520 --> 0:18:39.159
<v Speaker 3>are gonna be like, I don't want to spend the

0:18:39.160 --> 0:18:43.560
<v Speaker 3>next year fundraising or running against somebody in the primary

0:18:43.600 --> 0:18:46.520
<v Speaker 3>who's gonna be a pain, then running in the general election.

0:18:47.040 --> 0:18:49.280
<v Speaker 3>And even if I win, which means I have to

0:18:49.560 --> 0:18:52.879
<v Speaker 3>overperform what I did in the twenty twenty four election

0:18:53.000 --> 0:18:57.160
<v Speaker 3>by ten fifteen points, I'm gonna be in the minority.

0:18:57.840 --> 0:19:00.919
<v Speaker 3>And so I think there's gonna be if this is

0:19:01.119 --> 0:19:03.320
<v Speaker 3>even remotely close, I think they we're going to see

0:19:03.440 --> 0:19:04.520
<v Speaker 3>more resignations.

0:19:04.520 --> 0:19:07.600
<v Speaker 1>Frankly, yeah, And I mean we already saw Marjorie Taylor

0:19:07.680 --> 0:19:11.000
<v Speaker 1>Green is out in January, which is like a huge

0:19:11.040 --> 0:19:13.520
<v Speaker 1>fuck you when you have such a small majority, and

0:19:13.560 --> 0:19:18.280
<v Speaker 1>then you have members of Congress using discharge petitions.

0:19:18.680 --> 0:19:18.960
<v Speaker 4>Yep.

0:19:19.119 --> 0:19:24.000
<v Speaker 1>And so let's talk about Jeffries has actually put together

0:19:24.040 --> 0:19:29.399
<v Speaker 1>a discharge petition. I'm not sure about the Obamacare premiums,

0:19:30.320 --> 0:19:32.960
<v Speaker 1>trying to sort of get that together. I mean, it

0:19:33.040 --> 0:19:37.400
<v Speaker 1>seems unlikely that goes. But Republicans don't have some other

0:19:38.280 --> 0:19:39.480
<v Speaker 1>healthcare idea.

0:19:40.040 --> 0:19:42.879
<v Speaker 3>No, and you have you know, some Republicans like you

0:19:42.920 --> 0:19:47.200
<v Speaker 3>know Lawler, and you know, like New York Republicans, probably

0:19:47.240 --> 0:19:49.600
<v Speaker 3>some California Republicans to the extent that they're going to

0:19:49.640 --> 0:19:53.640
<v Speaker 3>exist as exist the redistricting.

0:19:54.000 --> 0:19:56.560
<v Speaker 1>Who darryl Isa, darryl.

0:19:56.320 --> 0:19:58.960
<v Speaker 3>Isa suppose're gonna run in Texas. You know, it's possible

0:19:59.000 --> 0:20:01.520
<v Speaker 3>you get a couple of Republicans to sign on to

0:20:01.640 --> 0:20:05.959
<v Speaker 3>something like that because they know they're going to get destroyed,

0:20:06.720 --> 0:20:10.520
<v Speaker 3>you know, as these healthcare premiums go through the roof.

0:20:10.760 --> 0:20:13.640
<v Speaker 3>I mean, it's going to be really debilitating for millions

0:20:13.680 --> 0:20:17.000
<v Speaker 3>of people. But it also speaks to, I think, in

0:20:17.040 --> 0:20:22.640
<v Speaker 3>many respects, the failure of parts of the Affordable Care

0:20:22.720 --> 0:20:24.840
<v Speaker 3>part of the Affordable Care Act, right, it was the

0:20:24.880 --> 0:20:29.879
<v Speaker 3>Patient Patient Protection Affordable Care Act is what the official

0:20:30.000 --> 0:20:33.080
<v Speaker 3>name was. And the patient protection's pretty good. You know,

0:20:33.119 --> 0:20:36.280
<v Speaker 3>you have, health insurance is a better product now than

0:20:36.320 --> 0:20:42.200
<v Speaker 3>it was in twenty thirteen. But the affordable part. No,

0:20:42.320 --> 0:20:47.119
<v Speaker 3>not so much, and hopefully slowly the Democrats will get

0:20:47.160 --> 0:20:49.760
<v Speaker 3>to the point where they realize, like, we need to

0:20:51.560 --> 0:20:55.680
<v Speaker 3>have a fundamental shift in the way that we pay

0:20:55.760 --> 0:20:58.320
<v Speaker 3>for health insurance in this country, and that it'll be

0:20:58.400 --> 0:21:00.760
<v Speaker 3>a single payer system. It's just more efficient.

0:21:01.880 --> 0:21:05.960
<v Speaker 1>Yeah, I'm wondering if you think that, like there's any

0:21:06.040 --> 0:21:09.880
<v Speaker 1>way in which like Trump clearly sees this coming. Members

0:21:09.880 --> 0:21:13.560
<v Speaker 1>of the House understand, I mean, people see you know

0:21:13.800 --> 0:21:16.640
<v Speaker 1>that we so Trump said We're gonna like, let's extend

0:21:16.640 --> 0:21:20.119
<v Speaker 1>the premiums and basically let's do what Democrats wanted. That

0:21:20.280 --> 0:21:23.240
<v Speaker 1>was last week's drama, and then members of the House

0:21:23.280 --> 0:21:26.639
<v Speaker 1>were like, fuck, no, we're not doing that. But the

0:21:26.920 --> 0:21:30.080
<v Speaker 1>but it is, if you wanted to not get completely

0:21:30.880 --> 0:21:34.040
<v Speaker 1>creamed in the midterms, that would be really the only

0:21:34.119 --> 0:21:35.120
<v Speaker 1>way to do it. Right.

0:21:35.480 --> 0:21:37.760
<v Speaker 3>Well, I mean, I think the problem is is that

0:21:37.800 --> 0:21:42.320
<v Speaker 3>you have so many of the Republican lawmakers who are

0:21:42.400 --> 0:21:47.640
<v Speaker 3>in such polarized and safe Republican seats. You know, we forget,

0:21:47.800 --> 0:21:51.440
<v Speaker 3>this entire movement was built, you know, at least part

0:21:51.440 --> 0:21:55.520
<v Speaker 3>of it on voting to repeal Obamacare, and the idea

0:21:55.560 --> 0:21:58.359
<v Speaker 3>for them to like do a full one eighty one.

0:21:58.600 --> 0:22:02.359
<v Speaker 3>I think it opens them up to primary challenges in

0:22:02.400 --> 0:22:06.399
<v Speaker 3>their districts. And two it I think it you know,

0:22:06.560 --> 0:22:10.920
<v Speaker 3>opens them up to charges of being you know, rhinos

0:22:10.960 --> 0:22:14.800
<v Speaker 3>and the margins are so thin. I think it's wrong

0:22:15.440 --> 0:22:19.119
<v Speaker 3>these days to look at at least the Republican Party

0:22:19.880 --> 0:22:23.359
<v Speaker 3>and frankly on some level of the Democratic Party, to

0:22:23.480 --> 0:22:28.400
<v Speaker 3>look at them as the first lens being their party

0:22:28.600 --> 0:22:31.439
<v Speaker 3>affiliation on things like this, because I don't think there

0:22:31.640 --> 0:22:34.800
<v Speaker 3>is a if they wanted to do something. I think

0:22:34.800 --> 0:22:38.200
<v Speaker 3>it's a bunch of individuals who are making the assessment

0:22:38.320 --> 0:22:41.760
<v Speaker 3>as to what helps them in their district first, and

0:22:41.920 --> 0:22:45.720
<v Speaker 3>what their brand is, and you know, what their relationship

0:22:45.760 --> 0:22:48.639
<v Speaker 3>with their voters are. So I think it's hard to

0:22:49.200 --> 0:22:51.479
<v Speaker 3>you know, assess like if the Republicans were smart, they

0:22:51.480 --> 0:22:53.280
<v Speaker 3>would have done that. If the Republicans were smart, they

0:22:53.280 --> 0:22:55.600
<v Speaker 3>would have done this, they would have just brought it

0:22:55.640 --> 0:22:59.080
<v Speaker 3>to open up the government. But you know, in those things,

0:22:59.160 --> 0:23:02.920
<v Speaker 3>they don't function as a hive mind. They all, all

0:23:02.960 --> 0:23:05.480
<v Speaker 3>of them as individuals know that. Like I made my

0:23:05.560 --> 0:23:09.440
<v Speaker 3>bones on arguing against Obamacare, I can't fine off on

0:23:09.560 --> 0:23:12.639
<v Speaker 3>Obamacare on anything. I can't validate it in that way.

0:23:12.760 --> 0:23:15.119
<v Speaker 3>If the members of the Democratic Party were more aggressive,

0:23:15.400 --> 0:23:18.440
<v Speaker 3>they would take any capitulation by Republicans on this and

0:23:18.480 --> 0:23:21.639
<v Speaker 3>walk the other distance, you know, the other direction like

0:23:21.680 --> 0:23:22.680
<v Speaker 3>the Republicans would.

0:23:23.280 --> 0:23:25.640
<v Speaker 1>They don't do that, though, Yeah, if only they were

0:23:25.640 --> 0:23:26.439
<v Speaker 1>more aggressive.

0:23:26.560 --> 0:23:29.840
<v Speaker 3>I mean, just think there has been a significant portion

0:23:29.960 --> 0:23:34.880
<v Speaker 3>of the Democratic Party which is vehemently against any type

0:23:34.920 --> 0:23:38.800
<v Speaker 3>of expansion of Medicare. We could have done that during COVID,

0:23:39.000 --> 0:23:41.720
<v Speaker 3>could have said, if you've lost your job and you

0:23:41.800 --> 0:23:46.000
<v Speaker 3>need health insurance, we're going to expand Medicare temporarily. Nancy

0:23:46.040 --> 0:23:52.440
<v Speaker 3>Pelosi fought that tooth and nail, and instead we subsidize Cobra,

0:23:53.119 --> 0:23:58.480
<v Speaker 3>which possible efficient for a dollar for a dollar a

0:23:58.480 --> 0:24:02.960
<v Speaker 3>way of providing health insurance to people. I mean, just incredibly,

0:24:03.040 --> 0:24:06.320
<v Speaker 3>it's the most expensive way. But I think that was

0:24:06.359 --> 0:24:09.840
<v Speaker 3>done as a way of maintaining the sort of fiction

0:24:09.920 --> 0:24:13.560
<v Speaker 3>that we can't expand Medicare for people under the age

0:24:13.560 --> 0:24:17.280
<v Speaker 3>of sixty five. I mean, that's absurd. It's the more

0:24:17.359 --> 0:24:20.360
<v Speaker 3>you expand it going down in age.

0:24:21.119 --> 0:24:24.560
<v Speaker 1>The cheaper against because those people don't need.

0:24:24.760 --> 0:24:29.479
<v Speaker 3>Yes, and so, I mean everybody knows this, and but

0:24:30.320 --> 0:24:33.080
<v Speaker 3>there's just too much. I don't know if it's there's

0:24:33.119 --> 0:24:35.400
<v Speaker 3>a reason for ideological stuff. It's both.

0:24:35.520 --> 0:24:40.480
<v Speaker 1>Probably there's a reason that Canada doesn't want old people

0:24:40.960 --> 0:24:44.760
<v Speaker 1>coming there. It's because it's very expensive the healthcare, whereas

0:24:44.760 --> 0:24:47.480
<v Speaker 1>if you're younger, it's cheaper because you don't have to

0:24:48.080 --> 0:24:50.360
<v Speaker 1>And I think that's a really good point. And also

0:24:50.800 --> 0:24:53.080
<v Speaker 1>I just want to add, if you were going to

0:24:53.119 --> 0:24:57.960
<v Speaker 1>bring up Nancy Pelosi, who was in many ways a

0:24:58.080 --> 0:25:01.840
<v Speaker 1>great fighter for the cause, the most important thing now

0:25:01.960 --> 0:25:06.720
<v Speaker 1>is to ban congressional stock trading, because that is something

0:25:07.160 --> 0:25:10.040
<v Speaker 1>that we opens the door to trump ism. Right, it's

0:25:10.080 --> 0:25:13.520
<v Speaker 1>not as bad, but you get when you have members,

0:25:13.840 --> 0:25:17.880
<v Speaker 1>you know, but when you have members of members trading stock, yeah.

0:25:17.720 --> 0:25:21.600
<v Speaker 3>I mean, you know, the only downside is is that,

0:25:21.880 --> 0:25:24.760
<v Speaker 3>you know, those people who use an app to shadow

0:25:25.320 --> 0:25:30.920
<v Speaker 3>Nancy Pelosi's stock trading and have made a killing off

0:25:30.960 --> 0:25:34.639
<v Speaker 3>of it will feel bad. But yes, of course, I

0:25:34.680 --> 0:25:40.440
<v Speaker 3>mean we're just watching the complete like sort of monetization

0:25:41.400 --> 0:25:44.679
<v Speaker 3>of of our government. And you know, this is the

0:25:44.720 --> 0:25:47.120
<v Speaker 3>thing if like you've ever been involved in like small

0:25:47.160 --> 0:25:52.119
<v Speaker 3>town governance, it's it's the same dynamic. You know, people

0:25:52.240 --> 0:25:57.800
<v Speaker 3>people become the city councilman or all the people or whatever,

0:25:58.600 --> 0:26:01.640
<v Speaker 3>or sit on boards because it's an extension of their business.

0:26:01.760 --> 0:26:03.800
<v Speaker 3>This is the way I network. I'm going to throw

0:26:04.040 --> 0:26:08.159
<v Speaker 3>this county grant to my friend who does food distribution,

0:26:08.359 --> 0:26:11.199
<v Speaker 3>and they're gonna give me a deal on this. And

0:26:11.240 --> 0:26:13.560
<v Speaker 3>that's what Trump is doing, you know, but doing it

0:26:13.600 --> 0:26:18.639
<v Speaker 3>on a national level. And the inside insider trading that

0:26:19.080 --> 0:26:23.600
<v Speaker 3>takes place with congress people's is a perfect example of this. Yeah,

0:26:24.359 --> 0:26:26.160
<v Speaker 3>it seems to be to be a no brainer, and

0:26:26.200 --> 0:26:28.080
<v Speaker 3>I think when she's gone, it's going to happen.

0:26:28.480 --> 0:26:32.720
<v Speaker 1>Sam Cedar, will you come back, of course anytime. Ryan

0:26:32.840 --> 0:26:35.320
<v Speaker 1>Mack is a journalist at the New York Times and

0:26:35.359 --> 0:26:39.920
<v Speaker 1>the co author of Character Limit, How Elon Musk Destroyed Twitter.

0:26:40.240 --> 0:26:42.800
<v Speaker 1>Welcome to Fast Politics.

0:26:42.280 --> 0:26:43.840
<v Speaker 4>Ryan Mack, Thanks for having me.

0:26:43.960 --> 0:26:46.280
<v Speaker 1>We're going to talk about David sax in the micro

0:26:46.480 --> 0:26:49.520
<v Speaker 1>and the macro right, because like David Sachs is both

0:26:49.840 --> 0:26:52.480
<v Speaker 1>a guy who found himself in the Trump administration, but

0:26:52.520 --> 0:26:56.600
<v Speaker 1>he's also like a larger example of things that the

0:26:56.640 --> 0:27:00.720
<v Speaker 1>Trump administration is doing that are not subject to the

0:27:00.760 --> 0:27:04.800
<v Speaker 1>normal ethical anything. So I want you to first talk

0:27:05.000 --> 0:27:10.960
<v Speaker 1>about David Sachs, the investor Slash cryptos are slash ai.

0:27:10.800 --> 0:27:14.600
<v Speaker 4>Zar, who is David Sachs. Basically, yeah, So David Sacks

0:27:14.880 --> 0:27:18.879
<v Speaker 4>is a born in South Africa guy that came to

0:27:18.920 --> 0:27:22.680
<v Speaker 4>the US as a child, went to Sanford University, linked

0:27:22.720 --> 0:27:25.800
<v Speaker 4>up with Peter Teel at Stanford, worked for The Stanford Review,

0:27:25.880 --> 0:27:29.720
<v Speaker 4>the libertarian newspaper that Peter Teel founded, and then was

0:27:29.760 --> 0:27:32.600
<v Speaker 4>an early employee of what became PayPal. So he's part

0:27:32.600 --> 0:27:36.480
<v Speaker 4>of the PayPal mafia, this famed group of entrepreneurs and

0:27:36.560 --> 0:27:39.520
<v Speaker 4>investors in Silicon Valley that have gone on to create,

0:27:39.640 --> 0:27:43.040
<v Speaker 4>you know, other companies, and you know, over the years,

0:27:43.080 --> 0:27:45.800
<v Speaker 4>has just become a fixture in Silicon Valley. He's you know,

0:27:45.880 --> 0:27:48.960
<v Speaker 4>founded companies. He has a venture firm called Craft Ventures.

0:27:49.240 --> 0:27:51.840
<v Speaker 4>He's established himself as a podcaster as one of the

0:27:51.880 --> 0:27:55.119
<v Speaker 4>four members of All In this podcast about tech and

0:27:55.320 --> 0:27:59.000
<v Speaker 4>politics and culture that is very popular with you know,

0:27:59.040 --> 0:28:03.399
<v Speaker 4>the tech crowd, and recently became a kind of close

0:28:03.720 --> 0:28:07.280
<v Speaker 4>associated the Trump family. A recent Trump supporter. Eventually was

0:28:07.359 --> 0:28:11.440
<v Speaker 4>named as the AI and cryptos are of the Trump administration.

0:28:11.800 --> 0:28:16.080
<v Speaker 1>So historically in administrations you wouldn't have people like this

0:28:16.520 --> 0:28:20.240
<v Speaker 1>because so David Zax besides being a podcaster, he's also

0:28:20.440 --> 0:28:26.400
<v Speaker 1>an investor in many, many, many companies that actually will

0:28:26.480 --> 0:28:30.920
<v Speaker 1>benefit from his job in the federal government.

0:28:31.320 --> 0:28:33.160
<v Speaker 4>When you first asked a question, I was like imagining

0:28:33.200 --> 0:28:35.879
<v Speaker 4>like Woodrow Wilson having a cryptosar.

0:28:35.640 --> 0:28:40.200
<v Speaker 1>Right exactly, or even like having a railroad zar, right,

0:28:40.400 --> 0:28:43.600
<v Speaker 1>or I mean who also was a Carnegie, which is

0:28:43.640 --> 0:28:44.719
<v Speaker 1>basically what this is.

0:28:44.840 --> 0:28:45.120
<v Speaker 2>Right.

0:28:45.240 --> 0:28:48.560
<v Speaker 4>There certainly have been people from the private sector that

0:28:48.600 --> 0:28:52.640
<v Speaker 4>have gone into government to advise or lead cabinet positions

0:28:52.760 --> 0:28:55.840
<v Speaker 4>what have you, Rex Hillerson for example, in the last

0:28:55.840 --> 0:28:59.520
<v Speaker 4>Trump administration. But this is a very unique position for one.

0:28:59.640 --> 0:29:03.440
<v Speaker 4>David's sex as a special government employee, which means he's

0:29:03.480 --> 0:29:05.800
<v Speaker 4>not a full time employee of the US government, and

0:29:05.880 --> 0:29:08.080
<v Speaker 4>he's not sent and approved in any way. There's no

0:29:08.200 --> 0:29:11.840
<v Speaker 4>congressional approval. And it's really a new position, this position

0:29:12.280 --> 0:29:15.560
<v Speaker 4>that the White House created to essentially what they call,

0:29:16.280 --> 0:29:19.520
<v Speaker 4>you know, keep the US as the leader in AI

0:29:19.760 --> 0:29:23.640
<v Speaker 4>and crypto globally. And so his job is to facilitate

0:29:23.720 --> 0:29:27.680
<v Speaker 4>anything that will help, you know, the US artificial intelligence

0:29:27.840 --> 0:29:31.880
<v Speaker 4>industry or the US cryptocurrency industry, while at the same

0:29:31.960 --> 0:29:35.560
<v Speaker 4>time he still maintains a position as a venture capitalist,

0:29:35.840 --> 0:29:39.080
<v Speaker 4>the leader of this venture fund that invests in crypto

0:29:39.120 --> 0:29:42.400
<v Speaker 4>related companies, and invests in AI related companies and that

0:29:42.520 --> 0:29:43.440
<v Speaker 4>is very unique.

0:29:43.880 --> 0:29:48.040
<v Speaker 1>So he's advising on something and also investing on something,

0:29:48.080 --> 0:29:53.239
<v Speaker 1>and he has portfolio companies that could be pipped as

0:29:53.280 --> 0:29:57.560
<v Speaker 1>winners or losers by his job in AI and crypto right.

0:29:58.160 --> 0:30:00.680
<v Speaker 4>I think he would argue he is not current investing,

0:30:00.920 --> 0:30:04.840
<v Speaker 4>but he certainly holds hundreds of stakes in AI related

0:30:04.880 --> 0:30:07.600
<v Speaker 4>companies and crypto companies. You know that we've gone through

0:30:07.800 --> 0:30:11.360
<v Speaker 4>with his financial disclosures, and yes, so as he is

0:30:11.400 --> 0:30:14.920
<v Speaker 4>helping to influence policy as it relates to AI in

0:30:14.920 --> 0:30:18.080
<v Speaker 4>the White House or cryptocurrency, the very companies that could

0:30:18.120 --> 0:30:21.840
<v Speaker 4>benefit from those policies are the ones in his portfolio

0:30:22.400 --> 0:30:25.840
<v Speaker 4>or could you know? And that is typically been a

0:30:25.880 --> 0:30:28.400
<v Speaker 4>no no in you precedented times.

0:30:28.440 --> 0:30:31.520
<v Speaker 1>I guess it's technically an enormous conflict of interest to

0:30:31.560 --> 0:30:34.760
<v Speaker 1>have somebody who's serving in the government while also owning

0:30:35.000 --> 0:30:39.440
<v Speaker 1>parts of companies. He is perhaps dolling out, but I mean, again,

0:30:39.560 --> 0:30:42.440
<v Speaker 1>nothing new for Trump world. We saw Trump the administration,

0:30:43.080 --> 0:30:46.440
<v Speaker 1>the federal government took a share of Intel, and then

0:30:46.640 --> 0:30:49.720
<v Speaker 1>right afterwards Donald Trump bought between one and three million

0:30:49.800 --> 0:30:53.440
<v Speaker 1>dollars of debt he personally bought it in Intel. So

0:30:53.800 --> 0:30:56.640
<v Speaker 1>we are seeing conflicts of interest every which way in

0:30:56.640 --> 0:30:59.640
<v Speaker 1>this admin. But I'd love you to talk about what

0:30:59.680 --> 0:31:02.360
<v Speaker 1>we're you were surprised about when you were reporting the story.

0:31:02.400 --> 0:31:04.760
<v Speaker 4>App What I was surprised about was this was kind

0:31:04.760 --> 0:31:07.840
<v Speaker 4>of all in plain sight. So basically, David Sachs received

0:31:07.880 --> 0:31:10.760
<v Speaker 4>these two waivers, an AI waiver and a crypto waiver

0:31:10.880 --> 0:31:13.760
<v Speaker 4>in March. That said, it was the White House that

0:31:13.840 --> 0:31:16.880
<v Speaker 4>gave him these waivers and essentially acknowledge that there could

0:31:16.880 --> 0:31:20.320
<v Speaker 4>be some conflict of interest, but his value as an

0:31:20.320 --> 0:31:24.680
<v Speaker 4>advisor outweighed those potential conflicts, or you know, the things

0:31:24.720 --> 0:31:26.880
<v Speaker 4>that he held were so small he couldn't be conflicted

0:31:26.920 --> 0:31:28.760
<v Speaker 4>by them. So, you know, all we did was kind

0:31:28.760 --> 0:31:31.680
<v Speaker 4>of go through these waivers and analyze what he continued

0:31:31.720 --> 0:31:34.360
<v Speaker 4>to hold in terms of his his stockholdings and his

0:31:34.440 --> 0:31:36.120
<v Speaker 4>private holdings. You know, he has he has shares in

0:31:36.160 --> 0:31:39.800
<v Speaker 4>these private companies and some of these are clearly AI companies,

0:31:39.800 --> 0:31:42.760
<v Speaker 4>are clearly companies that incorporate AI into their everyday business.

0:31:42.800 --> 0:31:46.000
<v Speaker 4>For example, he is a shareholder and Palanteer, which is

0:31:46.040 --> 0:31:49.680
<v Speaker 4>a major government contractor. He is Craft Ventures as an

0:31:49.720 --> 0:31:53.840
<v Speaker 4>investor in and Erroll, one of the leading drone defense

0:31:53.960 --> 0:31:58.400
<v Speaker 4>companies in AI companies led by Palmer Lucky that is,

0:31:58.480 --> 0:32:01.120
<v Speaker 4>you know, signing government contracts and right. You know, all

0:32:01.120 --> 0:32:03.080
<v Speaker 4>this was kind of just there to see, and it

0:32:03.120 --> 0:32:06.040
<v Speaker 4>wasn't like he was necessarily hiding it. You know, It's

0:32:06.080 --> 0:32:08.040
<v Speaker 4>just that no one had ever taken the time to

0:32:08.360 --> 0:32:11.120
<v Speaker 4>go through these disclosures and analyze what was going on here,

0:32:11.440 --> 0:32:14.959
<v Speaker 4>and some of it was just so again, I wouldn't

0:32:14.960 --> 0:32:17.800
<v Speaker 4>say blatant, but like in his disclosures he designated somebody

0:32:17.800 --> 0:32:20.920
<v Speaker 4>these companies as software companies or hardware companies, you know,

0:32:21.040 --> 0:32:23.040
<v Speaker 4>in order to say, you know, these aren't AI companies,

0:32:23.080 --> 0:32:24.800
<v Speaker 4>therefore I should be able to hold them. Some of

0:32:24.800 --> 0:32:27.880
<v Speaker 4>those very software companies had AI literally in their names,

0:32:27.880 --> 0:32:30.800
<v Speaker 4>like more than forty I think is the calculation we did.

0:32:30.960 --> 0:32:33.560
<v Speaker 4>Something like Tesla was designated as a hardware company in

0:32:33.560 --> 0:32:36.880
<v Speaker 4>these waivers, and Tesla, you know, has a self driving

0:32:36.920 --> 0:32:39.800
<v Speaker 4>car AI. You know, it's central to the business. Elon

0:32:39.880 --> 0:32:43.080
<v Speaker 4>Musk has described the company as an AI robotics company,

0:32:43.400 --> 0:32:46.000
<v Speaker 4>and so in some ways it felt I don't know,

0:32:46.160 --> 0:32:48.479
<v Speaker 4>disingenuous might be too far, but you know, there was

0:32:48.720 --> 0:32:51.480
<v Speaker 4>you know a certain kind of smoke and mirrors to

0:32:51.520 --> 0:32:52.000
<v Speaker 4>it in a way.

0:32:52.360 --> 0:32:55.240
<v Speaker 1>Yeah, and if you don't have journalism and you have

0:32:55.360 --> 0:32:59.480
<v Speaker 1>such a small world of journalism versus Trump. One point

0:32:59.520 --> 0:33:02.480
<v Speaker 1>out the world has gotten so small and there's so

0:33:02.680 --> 0:33:06.760
<v Speaker 1>few outlets. There aren't that many people who have them

0:33:07.040 --> 0:33:09.880
<v Speaker 1>wherewithal to be able to chase down just what the

0:33:09.960 --> 0:33:11.880
<v Speaker 1>disclosures mean and what they look like.

0:33:12.320 --> 0:33:14.880
<v Speaker 4>Yeah, I think having worked at various other places than

0:33:14.920 --> 0:33:18.080
<v Speaker 4>The New York Times, it is discouraging to see, I guess,

0:33:18.080 --> 0:33:21.200
<v Speaker 4>the lack of options when it comes to well financed

0:33:21.240 --> 0:33:24.680
<v Speaker 4>and well resourced newsrooms. You know, this story took months

0:33:24.680 --> 0:33:26.520
<v Speaker 4>for us to do. It has five people on the

0:33:26.560 --> 0:33:29.000
<v Speaker 4>byline as well as a number of people that contributed

0:33:29.040 --> 0:33:31.600
<v Speaker 4>reporting and research. You know, that's that's a big investment

0:33:31.800 --> 0:33:34.400
<v Speaker 4>to do in a big investment by this newsroom to

0:33:34.920 --> 0:33:36.760
<v Speaker 4>examine something like that. And I think if you'd ask

0:33:36.800 --> 0:33:39.280
<v Speaker 4>anyone on the street, Democrat or Republican, you know, you

0:33:39.400 --> 0:33:42.920
<v Speaker 4>probably you'd want the press to, you know, scrutinize this

0:33:42.960 --> 0:33:45.200
<v Speaker 4>type of power, whether that you know who levers in

0:33:45.200 --> 0:33:47.360
<v Speaker 4>the administration. So, you know, the New York Times has

0:33:47.400 --> 0:33:49.959
<v Speaker 4>the ability to do it. And it's sad as an

0:33:49.960 --> 0:33:52.440
<v Speaker 4>industry that we don't have other folks that have those

0:33:52.480 --> 0:33:53.240
<v Speaker 4>kypts of resources.

0:33:53.240 --> 0:33:56.960
<v Speaker 1>I guess one might argue that Bloomberg has the resources

0:33:57.400 --> 0:34:00.840
<v Speaker 1>and that the Washington Post may or may not have

0:34:00.920 --> 0:34:02.880
<v Speaker 1>the you know, there are a few other places, but

0:34:02.960 --> 0:34:06.800
<v Speaker 1>not much. Right, Really, nobody has the kind of resources

0:34:06.800 --> 0:34:07.720
<v Speaker 1>at the Times has.

0:34:07.960 --> 0:34:10.080
<v Speaker 4>Yeah, I guess, you know, and that's kind of the

0:34:10.080 --> 0:34:11.120
<v Speaker 4>stay of journalism today.

0:34:11.480 --> 0:34:14.800
<v Speaker 1>So I want to talk about what happened next, because

0:34:15.000 --> 0:34:18.880
<v Speaker 1>David Sachs completely melted down and had all his friends

0:34:18.880 --> 0:34:21.640
<v Speaker 1>circle the wagons talk to me about what happened next.

0:34:22.000 --> 0:34:25.840
<v Speaker 4>So we published our story on Sunday morning, And to

0:34:25.880 --> 0:34:27.359
<v Speaker 4>be honest, I didn't know what to expect in terms

0:34:27.400 --> 0:34:29.080
<v Speaker 4>of the reaction to the story. I mean, he's certainly

0:34:29.200 --> 0:34:30.799
<v Speaker 4>a big name in the White House, but he is

0:34:30.800 --> 0:34:33.080
<v Speaker 4>not a household known by any means. But yeah, there's

0:34:33.080 --> 0:34:35.799
<v Speaker 4>been a big reaction to the story in large part

0:34:35.840 --> 0:34:40.440
<v Speaker 4>field by the reaction on X. And these tech folks

0:34:40.440 --> 0:34:42.919
<v Speaker 4>are pretty big on X now that Elon is taken over,

0:34:43.040 --> 0:34:46.760
<v Speaker 4>and they made their opinions very clear on the piece.

0:34:46.960 --> 0:34:48.640
<v Speaker 4>You know, they've called this all sorts of names and

0:34:48.920 --> 0:34:53.560
<v Speaker 4>attacked a reputation, but haven't been really able to dispute

0:34:53.600 --> 0:34:55.719
<v Speaker 4>the merits of the story or the actual reporting in

0:34:55.760 --> 0:34:57.920
<v Speaker 4>the story. But that cycle has gone on for the

0:34:58.000 --> 0:35:00.319
<v Speaker 4>last couple of days, and it's I think draw more

0:35:00.360 --> 0:35:03.680
<v Speaker 4>readers and attention to the story itself, which you know,

0:35:04.400 --> 0:35:06.280
<v Speaker 4>something called the stress end effect. I guess.

0:35:06.560 --> 0:35:11.080
<v Speaker 1>Yeah. It's a great example of like the power of

0:35:11.360 --> 0:35:17.320
<v Speaker 1>not posting through things, right that if you really have power,

0:35:17.520 --> 0:35:22.160
<v Speaker 1>you probably want to not post. I just wonder his

0:35:22.360 --> 0:35:26.160
<v Speaker 1>crew said, it's a hippiece. But ultimately, what you did

0:35:26.560 --> 0:35:32.799
<v Speaker 1>was follow the disclosures, find the companies, match the companies. Obviously,

0:35:32.920 --> 0:35:37.840
<v Speaker 1>Tesla is a company that uses AI. Like there wasn't

0:35:38.040 --> 0:35:40.359
<v Speaker 1>like a huge amount of hiding going on here.

0:35:40.600 --> 0:35:43.040
<v Speaker 4>That was certainly one part of the story, and it

0:35:43.120 --> 0:35:45.840
<v Speaker 4>relies on those wave reforms, which are public documents for

0:35:45.880 --> 0:35:48.319
<v Speaker 4>anyone to see. I think what's really interesting here that

0:35:48.360 --> 0:35:50.840
<v Speaker 4>we really didn't go over is, you know, David Sachs,

0:35:51.320 --> 0:35:54.799
<v Speaker 4>in taking this position, did somewhat say like, you know, look,

0:35:54.840 --> 0:35:58.759
<v Speaker 4>I'm actually potentially conflicted here, and he did divest from

0:35:58.800 --> 0:36:03.560
<v Speaker 4>certain shareholdings, divested from Meta Amazon, Taiwan Semiconductor, which is

0:36:03.560 --> 0:36:06.400
<v Speaker 4>a mixed chips for AI companies, and he said he

0:36:06.440 --> 0:36:08.799
<v Speaker 4>was going to divest from Xai Elon Musk Company. So

0:36:08.840 --> 0:36:11.759
<v Speaker 4>there was almost an acknowledgment here that you know, I

0:36:11.800 --> 0:36:15.319
<v Speaker 4>probably should do this because I'm taking this role. But

0:36:15.400 --> 0:36:17.600
<v Speaker 4>he left hundreds of the other stakes on the table,

0:36:17.920 --> 0:36:19.839
<v Speaker 4>and it was just you know, took a bit of

0:36:20.200 --> 0:36:23.200
<v Speaker 4>organizing and spreadsheeting and going through that some of that

0:36:23.200 --> 0:36:25.359
<v Speaker 4>stuff to realize that, you know, that that was kind

0:36:25.360 --> 0:36:27.800
<v Speaker 4>of an incomplete picture of what he divests or probably

0:36:27.960 --> 0:36:29.680
<v Speaker 4>you know, someone argues she should have divested.

0:36:29.840 --> 0:36:32.040
<v Speaker 1>I'd love you to talk about sort of what you

0:36:32.120 --> 0:36:35.480
<v Speaker 1>think is happening right now with this White House and

0:36:35.560 --> 0:36:36.480
<v Speaker 1>AI and Crypto.

0:36:37.520 --> 0:36:40.359
<v Speaker 4>At this point, it's I view it as in some

0:36:40.440 --> 0:36:45.239
<v Speaker 4>ways a reaction to the Biden administration. And you know,

0:36:45.440 --> 0:36:49.680
<v Speaker 4>the tech industry viewing the Biden administration is so antagonistic

0:36:50.120 --> 0:36:54.000
<v Speaker 4>and so over regulatory to the point where they'd support

0:36:54.040 --> 0:36:57.239
<v Speaker 4>anyone that had a lighter touch. And so when the

0:36:57.239 --> 0:37:00.279
<v Speaker 4>Trump administration came in with David Sachs, the idea is,

0:37:00.680 --> 0:37:02.800
<v Speaker 4>you know, we need someone who can remove the red tape,

0:37:02.800 --> 0:37:06.120
<v Speaker 4>who can get out of the way, who can you know,

0:37:06.200 --> 0:37:10.680
<v Speaker 4>create policies that encourage the A industry and help us

0:37:10.719 --> 0:37:13.440
<v Speaker 4>build and help us grow, that can encourage things like

0:37:13.480 --> 0:37:16.360
<v Speaker 4>the Genius Act, which you know, allow for stable coins

0:37:16.400 --> 0:37:18.040
<v Speaker 4>to be sold in the crypt industry, that allow for

0:37:18.080 --> 0:37:21.480
<v Speaker 4>easier trading of crypto assets, and so that's what they're

0:37:21.560 --> 0:37:25.160
<v Speaker 4>essentially getting someone that is, you know, rubber stamping everything

0:37:25.800 --> 0:37:30.400
<v Speaker 4>that these companies want. David Sachs's feelings on AIRE are

0:37:30.440 --> 0:37:32.280
<v Speaker 4>pretty widely known. If you look at his x account,

0:37:32.320 --> 0:37:34.960
<v Speaker 4>he's calling it, you know, the driver of the American economy.

0:37:35.239 --> 0:37:37.400
<v Speaker 4>We can't you know, he said, like, we can't have

0:37:37.480 --> 0:37:40.640
<v Speaker 4>the a industry fail. And his policies and his actions

0:37:40.680 --> 0:37:42.960
<v Speaker 4>and his speech reflect that very much.

0:37:43.000 --> 0:37:45.439
<v Speaker 1>So can we just have a real conversation about AI

0:37:45.560 --> 0:37:48.440
<v Speaker 1>for two seconds? Can you explain to me just as

0:37:48.480 --> 0:37:51.520
<v Speaker 1>someone who maybe I'm stupid, but AI has yet to

0:37:51.560 --> 0:37:52.719
<v Speaker 1>do anything good for me.

0:37:54.520 --> 0:37:56.200
<v Speaker 4>There's two camps I think on this. You know, some

0:37:56.239 --> 0:37:58.399
<v Speaker 4>people that don't use AI at all in their daily lives,

0:37:58.440 --> 0:38:00.120
<v Speaker 4>and millions of people around the world that do you

0:38:00.239 --> 0:38:03.520
<v Speaker 4>use chat, GPT, or do use Claude or Gemini for

0:38:03.600 --> 0:38:06.040
<v Speaker 4>drafting of emails or writing speeches or what have you.

0:38:06.280 --> 0:38:10.040
<v Speaker 4>So there are seemingly real world applications for these things,

0:38:10.080 --> 0:38:12.400
<v Speaker 4>and they help people in their everyday lives, whether or

0:38:12.440 --> 0:38:15.120
<v Speaker 4>not they're these like insane valuations that we're seeing. They

0:38:15.280 --> 0:38:18.040
<v Speaker 4>justify that is, you know, remains to be seen. But yeah,

0:38:18.040 --> 0:38:20.759
<v Speaker 4>you don't use opening eye, or you don't use chat,

0:38:20.840 --> 0:38:23.839
<v Speaker 4>GPT or anything, or you're not making memes or no

0:38:24.040 --> 0:38:24.720
<v Speaker 4>fake images.

0:38:25.200 --> 0:38:28.839
<v Speaker 1>I'm not making slop that I can you know, kill

0:38:28.920 --> 0:38:32.000
<v Speaker 1>the planet with. And I mean I just I spend

0:38:32.040 --> 0:38:35.319
<v Speaker 1>so much time trying to read out crap that wasn't

0:38:35.360 --> 0:38:39.319
<v Speaker 1>written or drawn by a human that I've become very

0:38:39.360 --> 0:38:40.160
<v Speaker 1>anti AI.

0:38:40.560 --> 0:38:42.759
<v Speaker 4>Have you had AI slop made about you or like

0:38:43.440 --> 0:38:46.080
<v Speaker 4>shay I trained against your voice or anything like that.

0:38:46.200 --> 0:38:46.759
<v Speaker 1>I hope not.

0:38:48.040 --> 0:38:48.959
<v Speaker 4>It's probably out there.

0:38:49.120 --> 0:38:51.880
<v Speaker 1>I try very much to like keep my blinders on

0:38:52.000 --> 0:38:55.440
<v Speaker 1>and not like Google myself and not I just because

0:38:55.480 --> 0:38:58.720
<v Speaker 1>I don't think it does me any good. Elon Musk

0:38:59.040 --> 0:39:02.239
<v Speaker 1>also took an interest in this story. He also was

0:39:02.280 --> 0:39:06.160
<v Speaker 1>a special government employee who managed to do as much

0:39:06.239 --> 0:39:09.200
<v Speaker 1>as it install. His people in the government do a

0:39:09.239 --> 0:39:14.799
<v Speaker 1>lot of stuff that certainly seems on the boundaries of legality.

0:39:15.040 --> 0:39:15.719
<v Speaker 1>What do you think of.

0:39:15.680 --> 0:39:18.400
<v Speaker 4>That, Elon? So I'm going to cover regularly. You know,

0:39:18.480 --> 0:39:20.799
<v Speaker 4>David Sachs is a close friend and associate of his

0:39:21.000 --> 0:39:24.680
<v Speaker 4>who worked on the Twitter takeover with him, and so

0:39:24.880 --> 0:39:26.719
<v Speaker 4>I felt like it was natural for him to weigh

0:39:26.760 --> 0:39:30.040
<v Speaker 4>in and then defend his friend. He doesn't like critical

0:39:30.080 --> 0:39:33.239
<v Speaker 4>reporting or pretty much any reporting at this point, so

0:39:33.520 --> 0:39:36.879
<v Speaker 4>it's not surprising for him to join in the name

0:39:36.920 --> 0:39:39.280
<v Speaker 4>calling and the mud slinging. I think it's very interesting

0:39:39.320 --> 0:39:41.480
<v Speaker 4>to distinguish between the two of them, though, you know,

0:39:41.560 --> 0:39:45.120
<v Speaker 4>you mentioned they're both special government employees. But Elon went

0:39:45.200 --> 0:39:48.439
<v Speaker 4>in flamed out, really hard fought with Donald Trump, and

0:39:48.800 --> 0:39:50.520
<v Speaker 4>he's sort of on the outs in some ways. You know,

0:39:50.719 --> 0:39:54.000
<v Speaker 4>at least he's at arms distance now from the Trump administration.

0:39:54.239 --> 0:39:56.879
<v Speaker 4>With David Sachs, he's been able to play in both worlds.

0:39:56.880 --> 0:39:59.440
<v Speaker 4>You know, he's very close with Elon. He's obviously very

0:39:59.440 --> 0:40:01.719
<v Speaker 4>close to Trump and Trump administration still in the administration,

0:40:01.880 --> 0:40:03.560
<v Speaker 4>and he's been able to kind of play this very

0:40:03.719 --> 0:40:07.359
<v Speaker 4>political role and please everyone in a way, and that

0:40:07.480 --> 0:40:09.880
<v Speaker 4>may be you know, his best quality in some ways.

0:40:10.200 --> 0:40:19.240
<v Speaker 1>Yeah, so interesting. Brian Mack please come back of course anytime. No, normlutely,

0:40:19.719 --> 0:40:21.879
<v Speaker 1>Jesse Cannon my junk fast.

0:40:22.000 --> 0:40:24.000
<v Speaker 2>So it seems we're going to go to war with

0:40:24.160 --> 0:40:28.640
<v Speaker 2>Venezuela for oil, but in the meantime, we're gonna pardon

0:40:28.960 --> 0:40:32.920
<v Speaker 2>former Honduran President Jan Orlando or Hernandez, who did a

0:40:32.920 --> 0:40:35.080
<v Speaker 2>lot of the things that they're accusing Maduro of. What

0:40:35.160 --> 0:40:36.200
<v Speaker 2>the hell's uppling here?

0:40:36.480 --> 0:40:40.120
<v Speaker 1>Yeah, it's hard to keep consistent when you have no ideology.

0:40:40.560 --> 0:40:44.439
<v Speaker 1>But Donald Trump is doing it. Yeah. So here's the thing.

0:40:44.680 --> 0:40:47.520
<v Speaker 1>He wants to stop drugs, but he also wants to

0:40:47.560 --> 0:40:51.160
<v Speaker 1>pardon drug dealers. Make it makes sense, it doesn't. He

0:40:51.440 --> 0:40:56.040
<v Speaker 1>formally pardoned former Honduran president. He did it. It's a

0:40:56.080 --> 0:41:00.560
<v Speaker 1>full and complete pardon. This is a guy who is

0:41:00.760 --> 0:41:04.439
<v Speaker 1>raising a major US drug trafficking conviction for a one

0:41:04.480 --> 0:41:07.919
<v Speaker 1>time US ally. He was sentenced to forty five years

0:41:07.920 --> 0:41:10.840
<v Speaker 1>in prison. I think that Trump is going a little

0:41:10.960 --> 0:41:14.440
<v Speaker 1>pardon crazy. But you know, it's amazing any Republicans are

0:41:14.480 --> 0:41:17.920
<v Speaker 1>still in jail at this point. I like that. Carolyn Levitt,

0:41:18.040 --> 0:41:21.560
<v Speaker 1>whose job is basically to defend the Indiventivill said, it's

0:41:21.600 --> 0:41:25.759
<v Speaker 1>a clear Biden over prosecution. I bet it's not. I'm

0:41:25.800 --> 0:41:30.480
<v Speaker 1>gonna say it's not. Yeah, So killing Fisherman okay, Pardoning

0:41:30.600 --> 0:41:35.280
<v Speaker 1>drug traffickers also, okay, make it make sense? It doesn't.

0:41:36.080 --> 0:41:40.600
<v Speaker 1>That's it for this episode of Fast Politics. Tune in

0:41:40.760 --> 0:41:46.200
<v Speaker 1>every Monday Wednesday, Thursday, and Saturday to hear the best

0:41:46.280 --> 0:41:50.600
<v Speaker 1>minds and politics make sense of all this chaos. If

0:41:50.640 --> 0:41:53.680
<v Speaker 1>you enjoy this podcast, please send it to a friend

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<v Speaker 1>and keep the conversation going. Thanks for listening.

0:42:00.080 --> 0:42:00.680
<v Speaker 4>M