1 00:00:00,080 --> 00:00:03,320 Speaker 1: Welcome to today's edition of the Clay Travis and Buck 2 00:00:03,360 --> 00:00:06,560 Speaker 1: Suxton Show podcast. There is no let up in the 3 00:00:06,600 --> 00:00:09,000 Speaker 1: inflation rate, and I just want to note a couple 4 00:00:09,080 --> 00:00:13,640 Speaker 1: of things here. Food prices are skyrocketing really out of control, 5 00:00:13,760 --> 00:00:16,760 Speaker 1: of twelve percent at an annual rate for the past 6 00:00:16,800 --> 00:00:21,880 Speaker 1: three months, nine point four percent overall, the CPI itself 7 00:00:21,920 --> 00:00:25,000 Speaker 1: in the past three months up close to ten percent, 8 00:00:25,400 --> 00:00:28,600 Speaker 1: nine point nine percent at an annual rate. And if 9 00:00:28,640 --> 00:00:32,720 Speaker 1: you take out of Vladimir putin energy and food prices, 10 00:00:33,000 --> 00:00:35,960 Speaker 1: you're still up about six and a quarter percent, which 11 00:00:36,040 --> 00:00:38,519 Speaker 1: kind of puts the lie to what President Biden was 12 00:00:38,560 --> 00:00:42,559 Speaker 1: saying yesterday. I mean, this is gonna be you know, 13 00:00:42,880 --> 00:00:46,280 Speaker 1: buckle your seat belts. Buckle your seat belts, folks. That 14 00:00:46,320 --> 00:00:49,760 Speaker 1: was Larry Cudlow over on Fox News saying this inflation 15 00:00:49,760 --> 00:00:55,720 Speaker 1: situation is bad and unfortunately going to be getting worse, 16 00:00:55,760 --> 00:00:59,040 Speaker 1: as we've been discussing with you here, in large part 17 00:00:59,080 --> 00:01:02,720 Speaker 1: because the Biden illustration. The people in charge, instead of 18 00:01:02,760 --> 00:01:08,720 Speaker 1: reacting to this, reacting to the stimuli the data that 19 00:01:08,800 --> 00:01:13,800 Speaker 1: comes in that demands course correction, they're in double download. Essentially, 20 00:01:13,840 --> 00:01:16,759 Speaker 1: this Biden administration still pretending like if only we had 21 00:01:16,880 --> 00:01:21,880 Speaker 1: spent more money, things would be somehow better. If only 22 00:01:21,920 --> 00:01:25,680 Speaker 1: we had lit more matches and thrown them onto the kindling, 23 00:01:26,200 --> 00:01:28,840 Speaker 1: there would have been less of a fire. This is 24 00:01:29,600 --> 00:01:33,160 Speaker 1: crazy talk, but this is where they are, and people 25 00:01:33,200 --> 00:01:36,120 Speaker 1: are feeling it. They're feeling the pain here. They're feeling 26 00:01:36,120 --> 00:01:41,080 Speaker 1: the reality of what this is doing to their doing 27 00:01:41,080 --> 00:01:45,119 Speaker 1: to their pocketbooks, doing to their monthly budgets. Our friend 28 00:01:45,680 --> 00:01:50,000 Speaker 1: Jim Jordan, friend of the show, Jim Jordan, said just yesterday, 29 00:01:50,080 --> 00:01:53,360 Speaker 1: or maybe yeah, just last night. That look, people are 30 00:01:53,400 --> 00:01:58,520 Speaker 1: recognizing that the problem here is the people in charge, 31 00:01:59,040 --> 00:02:01,320 Speaker 1: and that means that we probably want to go back 32 00:02:01,320 --> 00:02:07,240 Speaker 1: to what was working before. And he's got quite a 33 00:02:07,280 --> 00:02:11,560 Speaker 1: swoop of blonde hair. He's spend some time in the 34 00:02:11,600 --> 00:02:14,000 Speaker 1: sun here he is listen. I voted for all kinds 35 00:02:14,040 --> 00:02:16,400 Speaker 1: of help for Ukraine thus far, but this bill we 36 00:02:16,440 --> 00:02:18,359 Speaker 1: said no. Look, we got to focus on the issues 37 00:02:18,400 --> 00:02:21,080 Speaker 1: that count here in America, that matter to American families 38 00:02:21,160 --> 00:02:23,000 Speaker 1: and also help Ukraine, but doing it in a way 39 00:02:23,040 --> 00:02:24,600 Speaker 1: that makes more sense than I think this piece of 40 00:02:24,680 --> 00:02:27,360 Speaker 1: legislation did. Particularly the fact that we only had a 41 00:02:27,400 --> 00:02:30,960 Speaker 1: few hours to look at it forgets is another reason 42 00:02:30,960 --> 00:02:33,040 Speaker 1: we should have been against it. It is insane. And 43 00:02:33,080 --> 00:02:35,160 Speaker 1: at the same time, we're taking the tariffs off of 44 00:02:35,200 --> 00:02:38,280 Speaker 1: the Chinese goods coming into the country, which means we're 45 00:02:38,320 --> 00:02:42,400 Speaker 1: helping the country that's giving money to Russia by dumping 46 00:02:42,440 --> 00:02:45,720 Speaker 1: the tariffs Trump's tariffs. So figure out how that is 47 00:02:45,720 --> 00:02:48,079 Speaker 1: that Trump back. That's why we need President Trump back. 48 00:02:48,120 --> 00:02:50,720 Speaker 1: I mean, all the good things he did, we would 49 00:02:50,760 --> 00:02:52,880 Speaker 1: not be in this situation if President Trump are still 50 00:02:52,919 --> 00:02:54,919 Speaker 1: in the office, in the Oval office. And I think 51 00:02:54,960 --> 00:02:57,160 Speaker 1: all your viewers know that it is Clay. It's more 52 00:02:57,160 --> 00:02:59,680 Speaker 1: than even just on the economy. They're more and more 53 00:02:59,720 --> 00:03:02,920 Speaker 1: fun are coming around to say probably wouldn't be a 54 00:03:02,919 --> 00:03:06,280 Speaker 1: ward Ukraine if President Trump was in office. Then even 55 00:03:06,360 --> 00:03:10,040 Speaker 1: some experts who don't like Trump on foreign policy have 56 00:03:10,120 --> 00:03:13,200 Speaker 1: admitted this. So I think this is part of what's 57 00:03:13,280 --> 00:03:16,400 Speaker 1: driving It's not just Trump, it's the GOP, it's the 58 00:03:16,480 --> 00:03:20,560 Speaker 1: adults were in charge, Clay, that's what some people are realizing. Well, look, 59 00:03:20,639 --> 00:03:23,400 Speaker 1: the border wouldn't be a sieve. I think it's very 60 00:03:23,440 --> 00:03:25,720 Speaker 1: likely and were some of the first to say this 61 00:03:25,919 --> 00:03:28,480 Speaker 1: that the reason why Putin felt like he could move 62 00:03:28,560 --> 00:03:31,880 Speaker 1: on Ukraine was because of Biden's weakness, particularly as it 63 00:03:31,919 --> 00:03:35,240 Speaker 1: related to international affairs. With the way that he withdrew 64 00:03:35,280 --> 00:03:39,080 Speaker 1: from Afghanistan, certainly the police would have been far better supported, 65 00:03:39,320 --> 00:03:41,680 Speaker 1: and the murder rate in this country is unlikely to 66 00:03:41,800 --> 00:03:45,720 Speaker 1: have skyrocketed to the degree that it has. And Trump was, 67 00:03:45,800 --> 00:03:49,240 Speaker 1: for better or worse, a business person who understood the 68 00:03:49,360 --> 00:03:54,840 Speaker 1: ravages of inflation. And also Trump had a good pulse 69 00:03:55,040 --> 00:03:59,160 Speaker 1: on the things that were motivating American interest. And Buck 70 00:03:59,200 --> 00:04:01,680 Speaker 1: I just heard this clip. We've got a brand new 71 00:04:01,720 --> 00:04:05,480 Speaker 1: press secretary coming in and she's being hired not based 72 00:04:05,520 --> 00:04:10,200 Speaker 1: on her abilities. She's been a liar on many different issues, 73 00:04:10,480 --> 00:04:15,080 Speaker 1: spreading left wing dogma. And the way that this is 74 00:04:15,080 --> 00:04:17,880 Speaker 1: really crystallizing for a lot of people out there, certainly 75 00:04:17,960 --> 00:04:20,440 Speaker 1: moms and dad's parents who are trying to buy baby 76 00:04:20,480 --> 00:04:24,039 Speaker 1: formula is we got a major nationwide shortage. As you 77 00:04:24,160 --> 00:04:27,640 Speaker 1: heard earlier in the program. We were taking calls from 78 00:04:28,160 --> 00:04:30,200 Speaker 1: the east coast in Savannah all the way to the 79 00:04:30,200 --> 00:04:34,080 Speaker 1: west coast in Santa Santa Barbara, California of people experiencing 80 00:04:34,120 --> 00:04:38,560 Speaker 1: the same thing, which was this baby formulas shortage. Seems 81 00:04:38,600 --> 00:04:40,760 Speaker 1: like something that you should be on top of if 82 00:04:40,760 --> 00:04:43,120 Speaker 1: you're in the White House. And so there was a 83 00:04:43,200 --> 00:04:46,839 Speaker 1: question for this new press secretary, Hey, who's running point? 84 00:04:47,120 --> 00:04:50,360 Speaker 1: Who's in charge of trying to help parents who are 85 00:04:50,440 --> 00:04:53,720 Speaker 1: dealing with this baby formulas shortage? This is something that 86 00:04:54,040 --> 00:04:57,440 Speaker 1: a competent White House, if there were truly adults in charge, 87 00:04:57,640 --> 00:05:00,240 Speaker 1: would be on top of. Listen to this, and sir, 88 00:05:00,440 --> 00:05:03,120 Speaker 1: and listen to this. Laugh if you are out there 89 00:05:03,240 --> 00:05:07,960 Speaker 1: driving around desperate to find this listening on the formula 90 00:05:08,000 --> 00:05:09,719 Speaker 1: issue at the White House. You mentioned the White Houses above, 91 00:05:10,080 --> 00:05:12,840 Speaker 1: I mean at the White House, I don't I don't 92 00:05:12,839 --> 00:05:14,640 Speaker 1: know if I can find out for you and get 93 00:05:14,680 --> 00:05:19,000 Speaker 1: you a person who's running point, Buck, this is infuriating, right. 94 00:05:19,040 --> 00:05:21,640 Speaker 1: First of all, you're laughing at something that is making 95 00:05:21,680 --> 00:05:25,200 Speaker 1: parents drive around to eight or ten different stores to 96 00:05:25,360 --> 00:05:27,960 Speaker 1: try to literally feed their children. But I can give 97 00:05:27,960 --> 00:05:31,960 Speaker 1: you a specific example, Buck, I fought hard for sports 98 00:05:32,000 --> 00:05:35,320 Speaker 1: to come back in twenty twenty when it came to 99 00:05:36,080 --> 00:05:38,599 Speaker 1: all the cancelations that were going on in high school 100 00:05:38,720 --> 00:05:42,919 Speaker 1: college football, and in particular, I was working hand in 101 00:05:43,000 --> 00:05:46,039 Speaker 1: hand with the White House to try to get Big 102 00:05:46,080 --> 00:05:48,839 Speaker 1: ten football back. So for all you listeners out there 103 00:05:48,839 --> 00:05:52,680 Speaker 1: in Michigan and Wisconsin and Pennsylvania who were big Big 104 00:05:52,720 --> 00:05:55,799 Speaker 1: ten fans, Indiana. I know we got to Ohio. Tons 105 00:05:55,800 --> 00:05:57,960 Speaker 1: of you out there listening. Do you know who they 106 00:05:58,000 --> 00:06:01,240 Speaker 1: had running point in the White House? Great guy named 107 00:06:01,360 --> 00:06:06,200 Speaker 1: Tim Pataki. He was one hundred percent running point on 108 00:06:06,360 --> 00:06:08,599 Speaker 1: getting the big ten. He deserves a lot of credit 109 00:06:08,640 --> 00:06:11,840 Speaker 1: for this. He's an Ohio state Buckeyegrad. He was running 110 00:06:11,839 --> 00:06:15,039 Speaker 1: point in the Trump White House. My point is here, Buck, 111 00:06:15,400 --> 00:06:18,720 Speaker 1: there was a guy when I wanted to try to 112 00:06:18,760 --> 00:06:22,920 Speaker 1: fight to get college football back, they had assigned Tim 113 00:06:23,160 --> 00:06:26,599 Speaker 1: to be one hundred percent driving the bus on helping 114 00:06:26,600 --> 00:06:29,039 Speaker 1: to make this happen for the Trump White House. How 115 00:06:29,160 --> 00:06:33,159 Speaker 1: is there no one fuck think about this? How is 116 00:06:33,200 --> 00:06:37,440 Speaker 1: there no one running point on a freaking baby formulas 117 00:06:37,480 --> 00:06:41,040 Speaker 1: shortage in the White House such that they can't even 118 00:06:41,080 --> 00:06:44,320 Speaker 1: give us a name of someone who is focused on this? 119 00:06:44,400 --> 00:06:47,560 Speaker 1: And how could you not foresee that there should be 120 00:06:47,600 --> 00:06:49,520 Speaker 1: someone here just just to give a sense. I mean, 121 00:06:49,520 --> 00:06:53,760 Speaker 1: you remember when the expert class of Fauci and the 122 00:06:53,800 --> 00:06:58,599 Speaker 1: rest were demanding the invocation of the Defense Production Act, Yeah, 123 00:06:58,720 --> 00:07:02,960 Speaker 1: for the million then laters that we absolutely did not need. 124 00:07:03,000 --> 00:07:05,120 Speaker 1: And in fact, the history of the use of ventilators 125 00:07:05,160 --> 00:07:07,960 Speaker 1: is one of the more controversial components of the early 126 00:07:08,040 --> 00:07:11,320 Speaker 1: pandemic because of an incredibly high fatality rate, and it 127 00:07:11,360 --> 00:07:15,960 Speaker 1: was essentially a really bad approach early on. But point 128 00:07:16,000 --> 00:07:19,640 Speaker 1: being their friends production act, a million ventilators. People can't 129 00:07:19,640 --> 00:07:22,880 Speaker 1: find baby formula for their kids. They can't get it. 130 00:07:22,880 --> 00:07:25,360 Speaker 1: We've got clay. We could have taken calls like the 131 00:07:25,400 --> 00:07:28,880 Speaker 1: whole show of people that can't find baby formula for 132 00:07:28,960 --> 00:07:32,200 Speaker 1: their kids. The Biden administration, I mean, I know there 133 00:07:32,240 --> 00:07:35,520 Speaker 1: was that actor who superglued his hand about the vegan 134 00:07:36,080 --> 00:07:40,400 Speaker 1: milk prices at Starbucks, which is still amazing by the way. Yes, 135 00:07:40,560 --> 00:07:43,520 Speaker 1: it's like if SNL was funny, which it is not, 136 00:07:43,680 --> 00:07:47,680 Speaker 1: they would do sketches like vegan milk protester at Starbucks 137 00:07:47,720 --> 00:07:50,840 Speaker 1: who's actually a famous actor. But you see what this 138 00:07:50,880 --> 00:07:55,880 Speaker 1: Biden administration is focused on. It is not actually doing 139 00:07:55,920 --> 00:07:59,760 Speaker 1: the things that will help everyday folks. The essential promise, 140 00:08:00,120 --> 00:08:02,120 Speaker 1: central promise of Joe Biden was not only that there 141 00:08:02,160 --> 00:08:04,560 Speaker 1: would be unity, which is laughable, Like there's been no 142 00:08:04,560 --> 00:08:07,960 Speaker 1: effort at unity that Joe Biden's presidency so far has 143 00:08:07,960 --> 00:08:11,760 Speaker 1: been defined by pushing for people to be fired as 144 00:08:11,800 --> 00:08:15,840 Speaker 1: the other for refusing a vaccination that did not stop 145 00:08:15,920 --> 00:08:18,080 Speaker 1: the spread full stop. Did not stop the spread, and 146 00:08:18,080 --> 00:08:20,440 Speaker 1: we all know it. So that's Joe Biden. He's the 147 00:08:20,520 --> 00:08:23,640 Speaker 1: anti unity president. But he's a guy who's been given 148 00:08:23,680 --> 00:08:25,880 Speaker 1: the same speech for forty years about you know, oh, 149 00:08:25,880 --> 00:08:28,880 Speaker 1: we need to get folks, you know, kitchen table, pay 150 00:08:28,960 --> 00:08:30,600 Speaker 1: the pills. I know what it's like, you know, the 151 00:08:30,680 --> 00:08:34,080 Speaker 1: usual stick. And what are they actually looking at? I mean, 152 00:08:34,080 --> 00:08:37,400 Speaker 1: what are they really forty billion dollars for Ukraine a 153 00:08:37,480 --> 00:08:41,240 Speaker 1: wide open border, wants to spend trillions more dollars when 154 00:08:41,240 --> 00:08:44,839 Speaker 1: inflations at eight point three percent, We got the formula 155 00:08:44,920 --> 00:08:48,840 Speaker 1: shortage for babies all over the country. You wonder what 156 00:08:48,880 --> 00:08:52,120 Speaker 1: do they think their job? Apparently they think their job 157 00:08:52,240 --> 00:08:55,240 Speaker 1: is to make sure that your toddler can be taught 158 00:08:55,520 --> 00:08:59,600 Speaker 1: about the thirty seven genders that the left made up yesterday. Yeah, 159 00:08:59,600 --> 00:09:02,200 Speaker 1: how about we feed babies instead of worrying about what 160 00:09:02,280 --> 00:09:04,760 Speaker 1: pronouns you want to use in your school when you're 161 00:09:04,760 --> 00:09:08,440 Speaker 1: in first grade. And here's the other thing, Trump, to 162 00:09:08,559 --> 00:09:12,439 Speaker 1: your point on the ventilators, Buck accurately pointed out that 163 00:09:12,440 --> 00:09:16,680 Speaker 1: we were going to wildly overproduce ventilators and we're going 164 00:09:16,720 --> 00:09:19,520 Speaker 1: to have a lot that we're not being used. And 165 00:09:19,559 --> 00:09:22,480 Speaker 1: the reason why I think that's significant is when you 166 00:09:22,559 --> 00:09:24,520 Speaker 1: run a business, and I know we got a ton 167 00:09:24,559 --> 00:09:27,559 Speaker 1: of people out there who run small businesses. That's a 168 00:09:27,640 --> 00:09:31,160 Speaker 1: backbone of our American economy. When you have to run 169 00:09:31,160 --> 00:09:33,920 Speaker 1: a business, one of the most important things about running 170 00:09:33,920 --> 00:09:36,560 Speaker 1: any business is figuring out how to spend your time. 171 00:09:36,840 --> 00:09:39,160 Speaker 1: And I ran a business for I sold it to OutKick, 172 00:09:40,120 --> 00:09:43,960 Speaker 1: sold OutKick to Fox. There are billion things every day 173 00:09:44,000 --> 00:09:47,280 Speaker 1: that are on your plate that you're trying to address. 174 00:09:47,640 --> 00:09:50,480 Speaker 1: And one of the particular skill sets that I think 175 00:09:50,520 --> 00:09:54,120 Speaker 1: Trump had is as a business person, he understood what 176 00:09:54,240 --> 00:09:59,000 Speaker 1: mattered and he intuitively knew what the American public cares about. 177 00:09:59,280 --> 00:10:03,840 Speaker 1: Think about Joe Biden, who claims that he's Amtrak Joe Scranton, Pennsylvania. Joe, 178 00:10:04,640 --> 00:10:08,240 Speaker 1: he's a grandpa. How is he missing this huge baby 179 00:10:08,280 --> 00:10:12,360 Speaker 1: formulas shortage? And not? If he were truly competent Buck, 180 00:10:13,280 --> 00:10:16,000 Speaker 1: if many of you out there listening right now, if 181 00:10:16,080 --> 00:10:19,000 Speaker 1: you were in the White House, you wouldn't be perfect 182 00:10:19,000 --> 00:10:22,960 Speaker 1: on every decision. But recognizing what Americans are struggling with 183 00:10:23,320 --> 00:10:25,880 Speaker 1: and trying to address it is the number one job. 184 00:10:25,920 --> 00:10:28,559 Speaker 1: I would argue in many cases of the president, how 185 00:10:28,559 --> 00:10:31,320 Speaker 1: do you not have somebody running point on a baby 186 00:10:31,360 --> 00:10:34,880 Speaker 1: formulas shortage, and how are you not prepared for questions 187 00:10:34,920 --> 00:10:37,520 Speaker 1: like this? How are you laughing them off? Yeah, well 188 00:10:37,520 --> 00:10:40,160 Speaker 1: it's because you know, Grandpa Biden really could be and 189 00:10:40,160 --> 00:10:44,280 Speaker 1: should be just from a political optics perspective out there 190 00:10:44,320 --> 00:10:47,080 Speaker 1: telling people exactly what you're saying. We're on it. We 191 00:10:47,200 --> 00:10:49,960 Speaker 1: know this is a problem. We're working with private industry. 192 00:10:50,160 --> 00:10:52,200 Speaker 1: I've been on the phone for the last hour with 193 00:10:52,280 --> 00:10:54,520 Speaker 1: the head of Walmart, with the head of Target, with 194 00:10:54,600 --> 00:10:58,280 Speaker 1: the head of you know, Dwayne Reid or CBS or whatever. 195 00:10:58,559 --> 00:11:02,040 Speaker 1: We're getting. We're breaking down every barrier. We're gonna make 196 00:11:02,040 --> 00:11:04,280 Speaker 1: sure there's baby formula in the shelves. As we said 197 00:11:04,280 --> 00:11:08,080 Speaker 1: in the show, it's probably the most important food people 198 00:11:08,240 --> 00:11:11,760 Speaker 1: possibly have for if you're looking at food, I don't know. Yeah, 199 00:11:11,800 --> 00:11:14,000 Speaker 1: I mean there's certain antibiotics and things people certainly need 200 00:11:14,000 --> 00:11:16,120 Speaker 1: as well, but in terms of food, this should be 201 00:11:16,120 --> 00:11:18,720 Speaker 1: top of the apps, top of the list, and there's 202 00:11:18,760 --> 00:11:21,280 Speaker 1: an opportunity here, but they don't think about this because 203 00:11:21,360 --> 00:11:24,600 Speaker 1: their attitude is, you know, we've got to have more 204 00:11:25,240 --> 00:11:27,760 Speaker 1: Ukraine flags in our bios and we got to send 205 00:11:27,760 --> 00:11:31,079 Speaker 1: them forty billion dollars and this is a fight for democracy, 206 00:11:31,160 --> 00:11:33,520 Speaker 1: and they'd rather talk about that, they'd rather focus on that. 207 00:11:33,640 --> 00:11:36,520 Speaker 1: And there are limited hours in the day, limited decision 208 00:11:36,600 --> 00:11:40,560 Speaker 1: making capability. This federal government doesn't have any answers for 209 00:11:40,559 --> 00:11:42,440 Speaker 1: folks that are feeling the pain right now. Clay and 210 00:11:42,679 --> 00:11:45,440 Speaker 1: people can't find baby formula among them. Should be on 211 00:11:45,480 --> 00:11:47,840 Speaker 1: the phone with every baby formula production company in the 212 00:11:47,880 --> 00:11:50,720 Speaker 1: country saying, what could the federal government do to help 213 00:11:50,800 --> 00:11:53,320 Speaker 1: you get more baby formula on the shelves. Are you 214 00:11:53,360 --> 00:11:56,040 Speaker 1: caught up in a supply crane chain crisis? Is there 215 00:11:56,080 --> 00:12:00,240 Speaker 1: some inability to move your product around? Let's facility take 216 00:12:00,280 --> 00:12:02,559 Speaker 1: that as best we can. This White House can't even 217 00:12:02,640 --> 00:12:05,200 Speaker 1: tell you who's working on that in any way. It 218 00:12:05,240 --> 00:12:07,880 Speaker 1: should be the President himself, and at a minimum it 219 00:12:07,920 --> 00:12:10,280 Speaker 1: should be a high ranking official. They don't have anybody. 220 00:12:10,360 --> 00:12:13,239 Speaker 1: It's failure in every direction. I want to tell everybody 221 00:12:13,480 --> 00:12:15,839 Speaker 1: there's a sponsor we have on the show that isn't 222 00:12:15,840 --> 00:12:17,679 Speaker 1: new to me at all. They didn't just partner up 223 00:12:17,679 --> 00:12:20,400 Speaker 1: and I learned about them that way. I have been 224 00:12:20,640 --> 00:12:25,319 Speaker 1: a Wolf and Shepherd shoe wearer for years. I absolutely 225 00:12:25,400 --> 00:12:29,320 Speaker 1: swear by this brand I've had. At least let me 226 00:12:29,320 --> 00:12:32,440 Speaker 1: see I've got three pairs at home now, and this 227 00:12:32,559 --> 00:12:35,240 Speaker 1: is my favorite shoe brand, full stop. 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I'm confident you're gonna realize that the 246 00:13:25,679 --> 00:13:27,560 Speaker 1: best dress shoes you've ever owned. Like I said, I 247 00:13:27,559 --> 00:13:30,720 Speaker 1: got three pairs at home. Better footwear for the workday. 248 00:13:30,800 --> 00:13:35,400 Speaker 1: Joined the pack at Wolf and Shepherd dot Com. That's 249 00:13:35,480 --> 00:13:39,559 Speaker 1: Wolf and Shepherd spelled sh E P h e r 250 00:13:39,720 --> 00:13:49,360 Speaker 1: D Wolf and Shepherd dot Com. Welcome back in Clay 251 00:13:49,400 --> 00:13:52,520 Speaker 1: Travis buck Sexton Show. Encourage you to go subscribe to 252 00:13:52,520 --> 00:13:55,320 Speaker 1: the podcast. Make sure you don't miss a single moment. 253 00:13:55,320 --> 00:13:57,440 Speaker 1: We're about to be joined here in the next segment, 254 00:13:57,480 --> 00:13:59,599 Speaker 1: by the way, by Vivic rabat Swamy, who did a 255 00:13:59,640 --> 00:14:02,600 Speaker 1: great book, wrote a great book called Woking, and it's 256 00:14:02,600 --> 00:14:07,240 Speaker 1: fighting back against the woke universe in politics from a 257 00:14:07,280 --> 00:14:11,440 Speaker 1: business perspective, and I wanted to update you on the 258 00:14:11,559 --> 00:14:15,920 Speaker 1: latest news. Right now, the Senate is attempting to codify 259 00:14:16,040 --> 00:14:20,080 Speaker 1: Roe v. Wade, except Senate Majority Leader Chuck Schumer has 260 00:14:20,160 --> 00:14:24,360 Speaker 1: actually drafted a bill that is far more expansive in 261 00:14:24,520 --> 00:14:28,480 Speaker 1: terms of what it says about abortion than what Roe v. 262 00:14:28,680 --> 00:14:31,360 Speaker 1: Wade itself said, including going all the way up to 263 00:14:31,560 --> 00:14:35,240 Speaker 1: nine months of a pregnancy and allowing abortions to take place. 264 00:14:35,480 --> 00:14:37,920 Speaker 1: It's not just me saying this, by the way, it 265 00:14:38,040 --> 00:14:41,480 Speaker 1: is Senator Joe Mansion of West Virginia, who has now 266 00:14:41,520 --> 00:14:45,000 Speaker 1: announced that he will be a no vote on this 267 00:14:45,120 --> 00:14:49,360 Speaker 1: attempt to codify Roe v. Wade by the Democrats in 268 00:14:49,440 --> 00:14:53,880 Speaker 1: the Senate. And Mansion was pretty direct in explaining why 269 00:14:53,960 --> 00:14:57,160 Speaker 1: he would be voting no. Let's listen to what he 270 00:14:57,200 --> 00:14:59,480 Speaker 1: had to say. And by the way, point that Buck 271 00:14:59,560 --> 00:15:03,800 Speaker 1: made the the day is Joe Mansion is saving in 272 00:15:03,840 --> 00:15:07,600 Speaker 1: many ways the Democrats from some of the worst versions 273 00:15:07,640 --> 00:15:10,320 Speaker 1: of what they would put out. Remember he was the 274 00:15:10,360 --> 00:15:13,040 Speaker 1: only real guy who was standing up and saying, I 275 00:15:13,120 --> 00:15:15,840 Speaker 1: can't get to yes on build back better when Joe 276 00:15:15,880 --> 00:15:20,960 Speaker 1: Biden wanted to pour another five trillion plus into this economy, 277 00:15:20,960 --> 00:15:23,960 Speaker 1: which would have made inflation even worse. But listen to 278 00:15:24,000 --> 00:15:27,000 Speaker 1: Mansion explain why he is a no vote. And by 279 00:15:27,040 --> 00:15:31,080 Speaker 1: the way, West Virginia, there may well be a strong 280 00:15:31,160 --> 00:15:35,000 Speaker 1: Republican challenger coming out of West Virginia based on how 281 00:15:35,040 --> 00:15:39,680 Speaker 1: that Republican versus Republican primary challenge went. And don't think 282 00:15:39,680 --> 00:15:42,440 Speaker 1: he's not looking over his shoulder thinking already about twenty 283 00:15:42,520 --> 00:15:45,080 Speaker 1: twenty four. But listen to Mansion. Here the bill we 284 00:15:45,160 --> 00:15:47,840 Speaker 1: have today to vote on, the Women's Health Protection Act, 285 00:15:48,040 --> 00:15:51,280 Speaker 1: And I respect people who support but don't Make no mistake, 286 00:15:51,440 --> 00:15:54,680 Speaker 1: it is not Roe v Way codification. It's an expansion. 287 00:15:55,000 --> 00:15:58,840 Speaker 1: It wipes five hundred five hundred state laws off the books, 288 00:15:59,320 --> 00:16:03,400 Speaker 1: it expands abortion and with that, that's not where we 289 00:16:03,400 --> 00:16:05,840 Speaker 1: are today. We should not be dividing this country further 290 00:16:05,880 --> 00:16:09,520 Speaker 1: than we're already divided. And it's it's really the politics 291 00:16:10,120 --> 00:16:12,560 Speaker 1: of Congress is dividing the country. It's not to people. 292 00:16:13,120 --> 00:16:17,000 Speaker 1: They're telling us what they want, and it's just disappointing 293 00:16:17,000 --> 00:16:18,560 Speaker 1: that we're going to be voting on a piece of 294 00:16:18,640 --> 00:16:21,840 Speaker 1: legislation which I will not vote for today. To credit 295 00:16:21,960 --> 00:16:26,880 Speaker 1: Joe Mansion here, Buck, he's actually acting like Biden said 296 00:16:27,000 --> 00:16:29,720 Speaker 1: he was going to act when he was President of 297 00:16:29,720 --> 00:16:32,040 Speaker 1: the United States. Now, you probably a lot of people 298 00:16:32,040 --> 00:16:33,720 Speaker 1: out there are not going to agree with everything Joe 299 00:16:33,720 --> 00:16:36,880 Speaker 1: Mansion says and does. People with West Virginia, he's had 300 00:16:36,920 --> 00:16:39,760 Speaker 1: the biggest increase in his overall support of any senator 301 00:16:39,800 --> 00:16:43,040 Speaker 1: I was looking at polling in the last year. Even 302 00:16:43,040 --> 00:16:45,720 Speaker 1: though West Virginia is the number one state in the 303 00:16:45,840 --> 00:16:48,520 Speaker 1: Union in terms of voting for Donald Trump, I think 304 00:16:48,520 --> 00:16:50,200 Speaker 1: he got sixty nine percent of the vote in the 305 00:16:50,200 --> 00:16:52,920 Speaker 1: twenty twenty presidential election, won that state by more than 306 00:16:52,960 --> 00:16:56,240 Speaker 1: any other state, I believe, And this is what Joe 307 00:16:56,240 --> 00:16:58,560 Speaker 1: Biden claimed that he was going to do, what Joe 308 00:16:58,560 --> 00:17:03,160 Speaker 1: Mansion actually has. It is remarkable that Democrats keep talking 309 00:17:03,200 --> 00:17:07,280 Speaker 1: about the need to protect our sacred democracy by preventing 310 00:17:07,320 --> 00:17:14,200 Speaker 1: people from voting democratically on very important, very intensely believed 311 00:17:14,359 --> 00:17:19,399 Speaker 1: and central issues in this country, but that they just 312 00:17:19,640 --> 00:17:22,440 Speaker 1: they normalize that. To borrow a term from them, it's, oh, yeah, 313 00:17:22,480 --> 00:17:25,720 Speaker 1: we have to defend our democracy by preventing people from 314 00:17:25,720 --> 00:17:28,600 Speaker 1: being able to vote on important issues. They really think 315 00:17:28,640 --> 00:17:31,320 Speaker 1: that that's normal. We have to protect free speech by 316 00:17:31,480 --> 00:17:34,960 Speaker 1: censoring people and shutting down what they can say. You know, 317 00:17:35,040 --> 00:17:37,760 Speaker 1: Democrats the old thing about you know, you don't want 318 00:17:37,760 --> 00:17:40,159 Speaker 1: to protect the village by burning it down, you know, 319 00:17:40,280 --> 00:17:42,640 Speaker 1: don't don't burn the village down to save it. That 320 00:17:42,760 --> 00:17:45,679 Speaker 1: is their approach to the institutions of our government, and 321 00:17:45,720 --> 00:17:48,600 Speaker 1: that's their approach to our democratic processes. If they can't 322 00:17:48,600 --> 00:17:50,840 Speaker 1: have it their way, nobody can have it anyway. And 323 00:17:50,920 --> 00:17:54,080 Speaker 1: you see this with a with abortion. Joe Mansion is 324 00:17:54,119 --> 00:17:56,600 Speaker 1: saving them from the excesses of their party with spending 325 00:17:56,640 --> 00:17:59,320 Speaker 1: it on abortion, no doubt. And I think that's an 326 00:17:59,359 --> 00:18:03,480 Speaker 1: important clip there that Republicans should use and that rational 327 00:18:03,560 --> 00:18:06,399 Speaker 1: saying people across the country should pay attention to how 328 00:18:06,400 --> 00:18:08,560 Speaker 1: many magazines do you hear anymore that how are seeing 329 00:18:08,600 --> 00:18:12,040 Speaker 1: an increase in their monthly circulation rates? Not too many. Well, 330 00:18:12,119 --> 00:18:14,760 Speaker 1: our friends at Hillsdale College have a magazine and Primus, 331 00:18:14,760 --> 00:18:19,639 Speaker 1: which is monthly speech digest published that is growing rapidly. 332 00:18:19,800 --> 00:18:23,280 Speaker 1: In fact, that's why the readership is continuing to expand 333 00:18:23,320 --> 00:18:25,920 Speaker 1: there's such a hunger for it, and we encourage you 334 00:18:26,200 --> 00:18:28,280 Speaker 1: to go sign up today because for fifty years and 335 00:18:28,359 --> 00:18:32,840 Speaker 1: Primus has featured speeches given at Hellsdale events and great 336 00:18:32,880 --> 00:18:36,720 Speaker 1: written work by people like Victor Davis Hanson, Molly Hemingway, 337 00:18:36,880 --> 00:18:40,280 Speaker 1: and Mark Stein Chris Rufo. Over six point two million 338 00:18:40,320 --> 00:18:45,080 Speaker 1: American households and businesses now receive in Primus absolutely free 339 00:18:45,119 --> 00:18:48,560 Speaker 1: because of generous donors to Hillsdale College. We want you 340 00:18:48,640 --> 00:18:51,520 Speaker 1: to be able to get this magazine yourself monthly sent 341 00:18:51,560 --> 00:18:53,800 Speaker 1: to your home for free as well, which is why 342 00:18:53,800 --> 00:18:55,800 Speaker 1: we want you to sign up today no charge. I'm 343 00:18:55,800 --> 00:18:58,240 Speaker 1: telling you this is a fantastic read. Go to Clay 344 00:18:58,240 --> 00:19:00,960 Speaker 1: and Buck for Hillsdale dot com. Now that's Clay and 345 00:19:01,000 --> 00:19:11,560 Speaker 1: Buck for Hillsdale dot com. Clayon Buck for Hillsdale dot com. 346 00:19:11,640 --> 00:19:14,919 Speaker 1: Clayon Buck rolling on through here. Thanks for being with 347 00:19:15,000 --> 00:19:19,119 Speaker 1: us team all across the country. Our friend Vivek Ramaswamy 348 00:19:19,320 --> 00:19:21,720 Speaker 1: is with us now. He's the founder and executive chairman 349 00:19:21,800 --> 00:19:24,920 Speaker 1: of Strive and the author of the very excellent book 350 00:19:25,080 --> 00:19:28,960 Speaker 1: Woke Inc. VIVEC great to have you on. How you doing, 351 00:19:29,400 --> 00:19:32,360 Speaker 1: I'm good man. Look, before we talk about the solution 352 00:19:33,119 --> 00:19:36,720 Speaker 1: to a form of corporate wokeness, a very powerful, very 353 00:19:36,760 --> 00:19:40,359 Speaker 1: broad scale one, can you can you put into just 354 00:19:40,520 --> 00:19:43,400 Speaker 1: layment terms for all of us? The problem here when 355 00:19:43,400 --> 00:19:48,640 Speaker 1: it comes to wokeness, woke capital, and how it affects places, 356 00:19:48,960 --> 00:19:56,159 Speaker 1: massive asset managers, financial institutions like black Rock, State Street, 357 00:19:56,240 --> 00:20:00,840 Speaker 1: what's going on? Yeah, so I think there's a a 358 00:20:00,880 --> 00:20:04,760 Speaker 1: fiduciary duty problem here where what's happening with these large 359 00:20:04,800 --> 00:20:07,720 Speaker 1: asset managers black Rock, State Street, bandguard you set them. 360 00:20:07,800 --> 00:20:10,280 Speaker 1: They manage over twenty trillion dollars That is more than 361 00:20:10,320 --> 00:20:13,360 Speaker 1: the GDP of the United States. But here's the problem. 362 00:20:13,760 --> 00:20:17,480 Speaker 1: That money belongs to everyday citizens. Who's capital they're using 363 00:20:17,680 --> 00:20:22,280 Speaker 1: to advocate for policies in corporate America that most of 364 00:20:22,320 --> 00:20:25,720 Speaker 1: those everyday citizens would disapprove of. And I think that 365 00:20:25,840 --> 00:20:29,480 Speaker 1: that is the greatest fiduciary betrayal of our time that 366 00:20:29,600 --> 00:20:32,240 Speaker 1: no one has paid attention to, no one has woken 367 00:20:32,280 --> 00:20:34,320 Speaker 1: up to, and certainly no one has stepped up to solve. 368 00:20:34,760 --> 00:20:37,359 Speaker 1: That's the problem we're stepping up to solve. And it 369 00:20:37,440 --> 00:20:40,080 Speaker 1: runs pretty deep. And I'll tell you how deep it runs, 370 00:20:40,080 --> 00:20:42,480 Speaker 1: just I think it's gotten so bad that it borders 371 00:20:42,520 --> 00:20:45,639 Speaker 1: on an antitrust problem. Yeah, the Arizona Attorney General has 372 00:20:45,640 --> 00:20:48,320 Speaker 1: actually launched an anti trust investigation. He called it boldly, 373 00:20:48,440 --> 00:20:51,560 Speaker 1: in my opinion and possibly correctly, the greatest anti trust violation, 374 00:20:51,560 --> 00:20:54,760 Speaker 1: the biggest act trust violation in history. Where yas running 375 00:20:54,760 --> 00:20:58,080 Speaker 1: you through a thought experiment. Here, imagine the CEOs of 376 00:20:58,240 --> 00:21:02,680 Speaker 1: say Exxon and Shell and Chevron got together in a 377 00:21:02,760 --> 00:21:05,879 Speaker 1: room and decided that they were going to cut gas 378 00:21:05,920 --> 00:21:08,879 Speaker 1: production and gas prices at the pump spike as a result. 379 00:21:09,240 --> 00:21:11,280 Speaker 1: That'd be the stuff of movies. Right, people are walking 380 00:21:11,280 --> 00:21:15,159 Speaker 1: out with handcuffs. That's not what's happening here, but it's 381 00:21:15,160 --> 00:21:17,960 Speaker 1: pretty close. Where the top asset managers in the world 382 00:21:18,000 --> 00:21:21,040 Speaker 1: who own those same firms are basically mandating that they 383 00:21:21,080 --> 00:21:24,240 Speaker 1: do the same thing, and somehow we celebrate that as EESG, 384 00:21:24,720 --> 00:21:26,880 Speaker 1: I didn't have the problem. And so what we're doing 385 00:21:26,920 --> 00:21:29,399 Speaker 1: is we're bringing a different voice to the table saying that, 386 00:21:29,440 --> 00:21:31,520 Speaker 1: you know what, if you're a company, you should focus 387 00:21:31,520 --> 00:21:35,680 Speaker 1: exclusively on delivering excellent products and services to your customers, 388 00:21:36,080 --> 00:21:38,960 Speaker 1: not on political agendas, and not on social agendas. And 389 00:21:39,000 --> 00:21:41,080 Speaker 1: I hope that's going to be good for restoring the 390 00:21:41,080 --> 00:21:43,920 Speaker 1: heart of our economy. Yeah, thanks for coming on the show. 391 00:21:43,960 --> 00:21:47,520 Speaker 1: The book was fantastic, Vivec, and I actually have been, 392 00:21:47,600 --> 00:21:49,440 Speaker 1: I'm going to be honest with you, until you started 393 00:21:49,520 --> 00:21:52,679 Speaker 1: raising the red flag here and pointing out some of 394 00:21:52,720 --> 00:21:55,800 Speaker 1: these issues. I went and did my own research. And 395 00:21:56,040 --> 00:21:59,960 Speaker 1: the guy who's probably the most powerful that in America 396 00:22:00,160 --> 00:22:03,440 Speaker 1: that most people don't know in terms of having influence 397 00:22:03,480 --> 00:22:07,399 Speaker 1: here on corporate woke politics is Larry Fink. He is 398 00:22:07,400 --> 00:22:10,119 Speaker 1: the CEO of Blackrock, and I think people are still 399 00:22:10,560 --> 00:22:15,320 Speaker 1: learning what all of this means. Can you explain where 400 00:22:15,440 --> 00:22:18,080 Speaker 1: Larry think, a guy who is the CEO of black 401 00:22:18,240 --> 00:22:22,800 Speaker 1: Rock derives his power from and what he's able to do, 402 00:22:23,040 --> 00:22:27,200 Speaker 1: basically to bend many of these companies towards his own 403 00:22:27,280 --> 00:22:30,800 Speaker 1: political will when many people out there are not even 404 00:22:30,840 --> 00:22:34,160 Speaker 1: aware of the power that he wields. Yeah, and look, 405 00:22:34,200 --> 00:22:37,359 Speaker 1: I'll quote Charlie Munger and Warren Buffett who said Larry 406 00:22:37,359 --> 00:22:40,280 Speaker 1: Think is not my emperor. More recently, I think CEO 407 00:22:40,359 --> 00:22:44,080 Speaker 1: is an inappropriate title. Emperor might be more appropriate to 408 00:22:44,200 --> 00:22:47,280 Speaker 1: what happened here. Let's take a walk through history lane 409 00:22:47,280 --> 00:22:49,639 Speaker 1: here of the last decade and a half. After the 410 00:22:49,640 --> 00:22:52,199 Speaker 1: two thousand and eight financial crisis, right, there was a 411 00:22:52,240 --> 00:22:55,000 Speaker 1: new demand of American capitalism saying that greed is no 412 00:22:55,080 --> 00:22:57,560 Speaker 1: longer good. You know, we need to find a new model. 413 00:22:57,920 --> 00:23:00,240 Speaker 1: Larry Think is the guy who stepped into that wait 414 00:23:00,320 --> 00:23:02,399 Speaker 1: and turn that into an opportunity, who said that, you 415 00:23:02,440 --> 00:23:04,920 Speaker 1: know what we did tough to play a different game 416 00:23:05,000 --> 00:23:08,640 Speaker 1: here that we call this stakeholder capitalism. The old left 417 00:23:08,720 --> 00:23:12,119 Speaker 1: used to be occupy Wall Street, left knocking on our doorsteps. 418 00:23:12,400 --> 00:23:15,400 Speaker 1: Let's put them to one side by now start talking 419 00:23:15,480 --> 00:23:20,080 Speaker 1: about social responsibility and preach about the racially disparate impact 420 00:23:20,119 --> 00:23:22,719 Speaker 1: of climate change. After you're flying a private jet to Davos, 421 00:23:22,800 --> 00:23:25,480 Speaker 1: this is pretty good work. You blow a smoke screen 422 00:23:25,920 --> 00:23:28,320 Speaker 1: that distracts people from the essence of what they were 423 00:23:28,320 --> 00:23:31,440 Speaker 1: mad about, and use corporate power to actually advance the 424 00:23:31,560 --> 00:23:34,440 Speaker 1: very progressive agendas that used to come after a corporate 425 00:23:34,440 --> 00:23:36,879 Speaker 1: power in the first place. And it turned out he 426 00:23:37,080 --> 00:23:39,840 Speaker 1: used that as a marketing tool to create the world's 427 00:23:39,880 --> 00:23:43,560 Speaker 1: largest asset manager today, managing over ten trillion dollars. And 428 00:23:43,640 --> 00:23:45,560 Speaker 1: what they do is they show up as the shareholder 429 00:23:45,600 --> 00:23:48,160 Speaker 1: and say that you know what, Milton Friedman might have said, 430 00:23:48,200 --> 00:23:51,159 Speaker 1: that use the CEO owe a duty to the shareholders 431 00:23:51,160 --> 00:23:53,919 Speaker 1: and you shouldn't be pushing social agendas. Well guess what, 432 00:23:54,520 --> 00:23:57,119 Speaker 1: I am the shareholder, and I am telling you that 433 00:23:57,200 --> 00:24:00,320 Speaker 1: you must push these social agendas or else I'm going 434 00:24:00,359 --> 00:24:02,359 Speaker 1: to dock your pay or else I'm going to fire 435 00:24:02,400 --> 00:24:04,520 Speaker 1: you a CEO, or else I'm going to replace your 436 00:24:04,520 --> 00:24:07,199 Speaker 1: board directors. Until most CEOs bend a knee into it, 437 00:24:07,440 --> 00:24:11,000 Speaker 1: You're a reallytractical example Disney. People think that this guy 438 00:24:11,080 --> 00:24:14,840 Speaker 1: is just bending the need to progressive employees. Well not 439 00:24:14,960 --> 00:24:17,199 Speaker 1: so fast. It's actually a deeper problem. You look at 440 00:24:17,240 --> 00:24:19,840 Speaker 1: the top shareholders of Disney, it's none other than those 441 00:24:19,920 --> 00:24:22,800 Speaker 1: big three black Rock, State Street, and Vanguard. So this 442 00:24:22,920 --> 00:24:24,919 Speaker 1: runs pretty deep. And you think we live in a 443 00:24:24,920 --> 00:24:27,760 Speaker 1: system of free market capitalism with competitions will get through 444 00:24:27,760 --> 00:24:30,800 Speaker 1: the top shareholders of Microsoft and Apple art competitors, right, 445 00:24:30,920 --> 00:24:34,160 Speaker 1: or Coke and Pepsi or let's just say any Shell 446 00:24:34,359 --> 00:24:37,600 Speaker 1: and Exxon or chet run. These are supposed to be 447 00:24:37,680 --> 00:24:39,480 Speaker 1: competitors and economy. It turned out they all have the 448 00:24:39,520 --> 00:24:43,960 Speaker 1: same top shareholders. That's the problem here. And so what 449 00:24:44,600 --> 00:24:47,560 Speaker 1: I'm aiming to expose, and the problem knowledge exposed, but 450 00:24:47,600 --> 00:24:51,040 Speaker 1: to solve, is that actually, even though folks like Larry 451 00:24:51,080 --> 00:24:53,439 Speaker 1: Think or black Rock claim to be the shareholders of 452 00:24:53,440 --> 00:24:57,320 Speaker 1: those companies and dictate what those companies do, actually they're 453 00:24:57,359 --> 00:25:00,000 Speaker 1: not the real shareholders. The real shareholders are the fire five, 454 00:25:00,320 --> 00:25:02,480 Speaker 1: the nurses, the doctors, the small business owners of this 455 00:25:02,560 --> 00:25:06,600 Speaker 1: country who unknowingly see their money directed through their four 456 00:25:06,720 --> 00:25:09,399 Speaker 1: one K accounts, their pension fund accounts, etc. To the 457 00:25:09,400 --> 00:25:12,679 Speaker 1: hands of these firms that are voting their shares and 458 00:25:12,880 --> 00:25:16,120 Speaker 1: advocating for policies in the boardroom that would make their 459 00:25:16,119 --> 00:25:18,480 Speaker 1: blood boil if they actually knew what was going on. 460 00:25:18,560 --> 00:25:21,080 Speaker 1: But they don't. And that's why I think transparency is 461 00:25:21,080 --> 00:25:22,760 Speaker 1: going to be the key here. And that's why I 462 00:25:22,800 --> 00:25:25,560 Speaker 1: think we have a big mountain to climb, and believe me, 463 00:25:25,560 --> 00:25:27,480 Speaker 1: it's a big mountain because they have black Rock under 464 00:25:27,480 --> 00:25:30,040 Speaker 1: their firms, have mastered the lobbying game, have mastered the 465 00:25:30,040 --> 00:25:32,600 Speaker 1: game of government capture. Look at the number of Black 466 00:25:32,680 --> 00:25:36,000 Speaker 1: Rock alumni that staffed the Administration and the White House 467 00:25:36,040 --> 00:25:38,480 Speaker 1: and the Treasury Department, in the Council of Economic Advisors. 468 00:25:38,600 --> 00:25:40,720 Speaker 1: It is chrony capitalism today. So it is a big 469 00:25:40,800 --> 00:25:42,919 Speaker 1: hill to climb. But the thing we have on our 470 00:25:42,920 --> 00:25:44,879 Speaker 1: side is that at the end of the day, the 471 00:25:45,000 --> 00:25:47,720 Speaker 1: voices of the American people and the desires of the 472 00:25:47,760 --> 00:25:52,200 Speaker 1: American people, not just as citizens but as shareholders, are 473 00:25:52,320 --> 00:25:55,120 Speaker 1: demanding once they're aware of it, a new direction. That's 474 00:25:55,119 --> 00:25:57,959 Speaker 1: what we're providing. We're speaking of Evec Ramaswami. Woke Ink 475 00:25:58,119 --> 00:26:00,200 Speaker 1: is his book, and he's the founder of Straw. I've 476 00:26:00,800 --> 00:26:04,520 Speaker 1: capital and to that end, more on the solution VIVEK, 477 00:26:04,600 --> 00:26:07,720 Speaker 1: which you're trying to build. You've already raised twenty million 478 00:26:07,720 --> 00:26:11,320 Speaker 1: dollars I believe for this venture. What's it going to 479 00:26:11,359 --> 00:26:13,879 Speaker 1: do and how does it affect the folks out there? 480 00:26:13,880 --> 00:26:15,600 Speaker 1: I mean, as you mentioned, if you've got a four 481 00:26:15,600 --> 00:26:18,640 Speaker 1: oh one K, it's probably with one of these financial giants. 482 00:26:18,760 --> 00:26:22,800 Speaker 1: You want to build an alternative to those woke financial 483 00:26:22,880 --> 00:26:27,080 Speaker 1: gargantuan companies. Yeah, so look, that's just the seed capital. 484 00:26:27,160 --> 00:26:28,800 Speaker 1: You know, the Wall Street Journal broke the story, so 485 00:26:28,840 --> 00:26:31,120 Speaker 1: we ended up announcing it a little bit earlier than expected. 486 00:26:31,920 --> 00:26:33,639 Speaker 1: But at the end of the day, we should probably 487 00:26:33,680 --> 00:26:35,760 Speaker 1: talk again in the third quarter of this year because 488 00:26:35,760 --> 00:26:37,880 Speaker 1: the thing, that's when we're going to launch our first product, 489 00:26:38,359 --> 00:26:41,200 Speaker 1: and these are going to be you know, products that 490 00:26:41,320 --> 00:26:45,919 Speaker 1: live out our mission, that allow everyday shareholders to have 491 00:26:46,040 --> 00:26:49,600 Speaker 1: a choice, that give them an opportunity to be able 492 00:26:49,640 --> 00:26:52,840 Speaker 1: to help us realize our mission of bring a different 493 00:26:52,880 --> 00:26:55,159 Speaker 1: voice to the table in corporate America. So I'm limited 494 00:26:55,160 --> 00:26:56,919 Speaker 1: in what I can say about it right now, but 495 00:26:57,040 --> 00:26:58,840 Speaker 1: let's come back in in the third quarter when we 496 00:26:58,840 --> 00:27:01,199 Speaker 1: said we're going to launch our first product. And I 497 00:27:01,240 --> 00:27:03,440 Speaker 1: hope that this is the beginning of a long journey 498 00:27:03,760 --> 00:27:07,200 Speaker 1: that actually represents the voice that most Americans want to 499 00:27:07,200 --> 00:27:09,639 Speaker 1: bring to corporate America, which they don't want capitalism to 500 00:27:09,680 --> 00:27:11,960 Speaker 1: be political. They don't want the places where they shop, 501 00:27:12,040 --> 00:27:14,560 Speaker 1: or where they work, or where they invest to be political. 502 00:27:15,040 --> 00:27:17,040 Speaker 1: And you know what, I think. You know, it's really 503 00:27:17,080 --> 00:27:18,639 Speaker 1: important to me too that this is not just a 504 00:27:18,720 --> 00:27:21,240 Speaker 1: left wing or a right wing movement. This is about 505 00:27:21,280 --> 00:27:24,399 Speaker 1: reviving the heart and soul of American capitalism itself is 506 00:27:24,480 --> 00:27:27,760 Speaker 1: that by depoliticizing the private sector, I think the thing 507 00:27:27,760 --> 00:27:30,840 Speaker 1: that we're going to be able to do is hopefully 508 00:27:30,920 --> 00:27:34,600 Speaker 1: recreate solidarity between different people, irrespective of whether they're on 509 00:27:34,680 --> 00:27:37,119 Speaker 1: left or right, or black or white. We come together 510 00:27:37,240 --> 00:27:40,240 Speaker 1: in an a political private sector that's supposed to bring 511 00:27:40,320 --> 00:27:43,679 Speaker 1: us together. We lost that with the rise of stakeholder 512 00:27:43,720 --> 00:27:46,760 Speaker 1: capitalism and black rock led capitalism over the last decade. 513 00:27:47,080 --> 00:27:49,440 Speaker 1: We want to restore a new type of capitalism, the 514 00:27:49,960 --> 00:27:52,480 Speaker 1: classical kind of capitalism at the heart of American capitalism 515 00:27:52,480 --> 00:27:54,320 Speaker 1: in the next decade ahead. So I'll be happy to 516 00:27:54,320 --> 00:27:56,080 Speaker 1: say more about that in a few months. I think 517 00:27:56,080 --> 00:27:59,520 Speaker 1: your battle is an important one. Also, do you believe 518 00:27:59,560 --> 00:28:03,080 Speaker 1: that there is a significant message sent based on what 519 00:28:03,119 --> 00:28:05,840 Speaker 1: you wrote about and woke ink when Ron de Santis 520 00:28:05,920 --> 00:28:10,080 Speaker 1: fired back against Disney and basically let it be known 521 00:28:10,440 --> 00:28:12,960 Speaker 1: that the right was not just going to continue to 522 00:28:13,040 --> 00:28:16,359 Speaker 1: cowtow to a tiny percentage on the left that is 523 00:28:16,440 --> 00:28:20,480 Speaker 1: woke that had been driving the trajectory of our country. Yeah, 524 00:28:20,480 --> 00:28:22,159 Speaker 1: I think it's in a powerful message it. Disney is 525 00:28:22,160 --> 00:28:24,480 Speaker 1: just a great example to look at where there's a 526 00:28:24,520 --> 00:28:28,280 Speaker 1: good survey data on this, We're over sixty percent of 527 00:28:28,320 --> 00:28:31,359 Speaker 1: their own customers were put off by their decision. Okay, 528 00:28:31,400 --> 00:28:33,760 Speaker 1: so if we were a shareholder of Disney, the thing 529 00:28:33,760 --> 00:28:36,840 Speaker 1: we would tell Disney is knock it off. Three words 530 00:28:36,880 --> 00:28:39,920 Speaker 1: to bout chaffick knock at all. You're alienating your customers. 531 00:28:40,160 --> 00:28:42,840 Speaker 1: Customer volume is down, your stock is down more than 532 00:28:42,880 --> 00:28:45,360 Speaker 1: the SMP five hundred over the same period, and you 533 00:28:45,400 --> 00:28:47,600 Speaker 1: have had clear losses of business benefits in the state 534 00:28:47,640 --> 00:28:50,080 Speaker 1: of Florida. That's not what you should be doing if 535 00:28:50,080 --> 00:28:52,880 Speaker 1: you're focusing on excellence for your customers. And yet the 536 00:28:52,920 --> 00:28:56,240 Speaker 1: top three shareholders of Disney, they don't give them that message. Instead. 537 00:28:56,280 --> 00:28:57,920 Speaker 1: If anything, if you read between the lines of their 538 00:28:57,920 --> 00:29:00,880 Speaker 1: comments and other context, it actually seems to encourage them 539 00:29:01,040 --> 00:29:03,600 Speaker 1: to exactly take the kinds of harmful positions that they have. 540 00:29:03,800 --> 00:29:05,920 Speaker 1: So yeah, I do think there's a room for political 541 00:29:06,040 --> 00:29:10,320 Speaker 1: responsiveness and even legal responsiveness here. But actually the solutions 542 00:29:10,320 --> 00:29:14,360 Speaker 1: that I prefer the most are competition through the market itself. 543 00:29:14,680 --> 00:29:17,800 Speaker 1: All state actions have unintended consequences, even ones that are 544 00:29:17,840 --> 00:29:21,200 Speaker 1: necessary to be taken. That's why I generally prefer, whenever possible, 545 00:29:21,680 --> 00:29:24,120 Speaker 1: let's sort these things out through the marketplace of ideas 546 00:29:24,160 --> 00:29:26,880 Speaker 1: and through the market itself and actually leave it to 547 00:29:26,920 --> 00:29:29,280 Speaker 1: consumers to make the decisions. And I think that's going 548 00:29:29,320 --> 00:29:30,680 Speaker 1: to be the way that we hope to reform the 549 00:29:30,960 --> 00:29:33,760 Speaker 1: management industry, and not just the asset management industry. That 550 00:29:33,840 --> 00:29:36,640 Speaker 1: is the one industry that's upstream of every industry in 551 00:29:36,680 --> 00:29:39,040 Speaker 1: the American economy, which is what my real motivation is. 552 00:29:39,920 --> 00:29:42,160 Speaker 1: I think the battle that you're fighting is an incredibly 553 00:29:42,200 --> 00:29:44,400 Speaker 1: important one. Encourage you to check out Woke, Inc. It's 554 00:29:44,400 --> 00:29:47,400 Speaker 1: a fantastic book. He is Vivek Ramaswamy, and he is 555 00:29:47,400 --> 00:29:49,280 Speaker 1: fighting the battles that many of us need to be 556 00:29:49,320 --> 00:29:52,360 Speaker 1: fighting in both the marketplace of ideas and also the 557 00:29:52,400 --> 00:29:55,360 Speaker 1: capitalistic marketplace in general. Look forward to talking to you again, Vivec. 558 00:29:56,120 --> 00:29:58,920 Speaker 1: Thanks for having me, guys talk to you. Look, Mike 559 00:29:59,000 --> 00:30:01,800 Speaker 1: Glendell and my Hello. 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Pop it 575 00:30:52,600 --> 00:30:55,280 Speaker 1: in there and buy one, get one free at my 576 00:30:55,360 --> 00:31:05,240 Speaker 1: pillow dot com. We'll walk back in play Travis buck 577 00:31:05,280 --> 00:31:07,960 Speaker 1: Sexton Show. When you're finishing off the Wednesday edition of 578 00:31:07,960 --> 00:31:11,680 Speaker 1: the podcast, encourage you to go grab sign up for 579 00:31:11,680 --> 00:31:13,440 Speaker 1: the podcast. You can search out my name play Travis. 580 00:31:13,520 --> 00:31:15,600 Speaker 1: You can search out buck Sexton's name Boom. You'll make 581 00:31:15,640 --> 00:31:18,520 Speaker 1: sure that you never miss a single moment of the program. 582 00:31:18,600 --> 00:31:21,920 Speaker 1: Vivic was just great. Also, David Marcus was fantastic in 583 00:31:21,960 --> 00:31:24,520 Speaker 1: the second hour, and Buck We've been talking about it 584 00:31:24,560 --> 00:31:27,400 Speaker 1: off the air. There was a story that both of 585 00:31:27,480 --> 00:31:31,400 Speaker 1: us could not stop checking out the details on it. 586 00:31:31,640 --> 00:31:35,080 Speaker 1: Maybe everybody's thought about it before. Guy was up in 587 00:31:35,200 --> 00:31:39,840 Speaker 1: a Cesna plane, passenger, the pilot has an emergency and 588 00:31:39,960 --> 00:31:44,040 Speaker 1: is no longer able to fly the plane, and the passenger, 589 00:31:44,120 --> 00:31:47,720 Speaker 1: who had never ever flown an airplane, put on the 590 00:31:47,800 --> 00:31:53,920 Speaker 1: headset and air traffic Control walked him through landing the plane. 591 00:31:53,960 --> 00:31:56,840 Speaker 1: And I'm gonna be honest, this is something I've worried 592 00:31:56,880 --> 00:31:59,880 Speaker 1: about before. I had never been in a situation where 593 00:31:59,840 --> 00:32:01,680 Speaker 1: I was on the plane and it was just me 594 00:32:01,760 --> 00:32:04,520 Speaker 1: and the pilot until recently, just a couple of months ago, 595 00:32:05,120 --> 00:32:07,920 Speaker 1: and I legitimately was sitting in the back of the 596 00:32:07,920 --> 00:32:11,120 Speaker 1: plane thinking about this. Do you think you could land 597 00:32:11,160 --> 00:32:13,760 Speaker 1: a plane if that was the situation, if the pilot 598 00:32:13,840 --> 00:32:17,280 Speaker 1: became incapacitated and it was just you and you had 599 00:32:17,320 --> 00:32:18,840 Speaker 1: to go up to the cockpit, do you think you 600 00:32:18,840 --> 00:32:22,480 Speaker 1: could pull this off? I'm a confident fellow, Clay, so 601 00:32:22,800 --> 00:32:25,920 Speaker 1: you know my CIA training would kick in, which would 602 00:32:26,000 --> 00:32:29,560 Speaker 1: involve memo writing, not plane fly. Yeah, right, but yeah, 603 00:32:29,600 --> 00:32:33,400 Speaker 1: I think I'd get it done. You know, I wouldn't 604 00:32:33,440 --> 00:32:35,040 Speaker 1: bet all the money in the world on me, though. 605 00:32:35,080 --> 00:32:38,640 Speaker 1: I'm just saying that I don't know. I mean, I 606 00:32:38,720 --> 00:32:40,880 Speaker 1: don't have a lot of confidence in myself. I had 607 00:32:40,920 --> 00:32:43,600 Speaker 1: never been in that situation. And the guy who was 608 00:32:43,640 --> 00:32:46,240 Speaker 1: flying the plane, I was like, man, I'm glad he's 609 00:32:46,280 --> 00:32:48,320 Speaker 1: around my own age, because if it had been an 610 00:32:48,320 --> 00:32:49,880 Speaker 1: older guy, I would have been like, Oh my god, 611 00:32:49,920 --> 00:32:51,760 Speaker 1: what happens if he has a heart attack? What happens 612 00:32:51,760 --> 00:32:54,959 Speaker 1: if something goes on here? I can't think of anything 613 00:32:55,080 --> 00:32:57,959 Speaker 1: much more terrifying than suddenly having to climb into the 614 00:32:58,000 --> 00:33:01,440 Speaker 1: pilot's seat well land an airplane. Can we just think 615 00:33:01,480 --> 00:33:04,320 Speaker 1: about there's a moment here where the pilot, I mean 616 00:33:04,480 --> 00:33:07,480 Speaker 1: a medical emergency he passed out. Yeah, so I mean, 617 00:33:07,520 --> 00:33:09,760 Speaker 1: this is like something that you would see in a 618 00:33:09,800 --> 00:33:12,000 Speaker 1: movie where all of one second, the pilot maybe at 619 00:33:12,000 --> 00:33:14,440 Speaker 1: a stroke, a heart attack, whatever it may be, out. 620 00:33:14,680 --> 00:33:17,280 Speaker 1: So it's not even like the pilot is, you know, 621 00:33:17,480 --> 00:33:20,680 Speaker 1: incapacitated but awake and can tell you you know, let's 622 00:33:20,680 --> 00:33:22,280 Speaker 1: say that you know, the he had been you know, 623 00:33:22,320 --> 00:33:26,040 Speaker 1: injured in some way or whatever. You're alone, You're in 624 00:33:26,080 --> 00:33:29,320 Speaker 1: that cockpit and you're going down and you're not gonna 625 00:33:29,360 --> 00:33:32,440 Speaker 1: make it unless I mean, and by the way, credit 626 00:33:32,480 --> 00:33:34,360 Speaker 1: to air traffic Control. Can you imagine you're an air 627 00:33:34,400 --> 00:33:36,960 Speaker 1: traffic control guy. You're sitting there and all of a 628 00:33:37,000 --> 00:33:41,000 Speaker 1: sudden it's like, uh, yeah, I've never flown a plane 629 00:33:41,040 --> 00:33:44,440 Speaker 1: before in my life, and the pilot is knocked out 630 00:33:44,480 --> 00:33:47,440 Speaker 1: cold and I don't want to die, so can you 631 00:33:47,440 --> 00:33:50,479 Speaker 1: please help me figure this out? Full credit to them, 632 00:33:50,480 --> 00:33:53,520 Speaker 1: this happened down. It was Bahamas to a Florida was 633 00:33:53,560 --> 00:33:57,640 Speaker 1: the flight here, and they managed they managed to pull 634 00:33:57,680 --> 00:34:00,840 Speaker 1: this one off, which it's pretty pretty markable. I mean, 635 00:34:00,880 --> 00:34:05,280 Speaker 1: I gotta say, you know, not everybody, not everybody able 636 00:34:05,280 --> 00:34:06,640 Speaker 1: to pull this one off. I mean, I think also 637 00:34:06,680 --> 00:34:08,560 Speaker 1: the panic that would set in for that one moment 638 00:34:08,600 --> 00:34:11,279 Speaker 1: you'd be like, this is this is rough now, I've 639 00:34:11,280 --> 00:34:14,200 Speaker 1: probably got to get you know, even those planes are 640 00:34:14,200 --> 00:34:16,920 Speaker 1: not very big buck right, so even getting up into 641 00:34:16,920 --> 00:34:21,319 Speaker 1: the cockpit area with an incapacitated pilot would be a 642 00:34:21,320 --> 00:34:24,359 Speaker 1: difficult thing to even pull off. I think. I think 643 00:34:24,400 --> 00:34:27,440 Speaker 1: if you're telling me though, if it's a Cessna and 644 00:34:27,480 --> 00:34:29,560 Speaker 1: you're only there's only two people in the plane, which 645 00:34:29,560 --> 00:34:33,920 Speaker 1: I believe was the case here, that that feels more doable. 646 00:34:34,520 --> 00:34:36,960 Speaker 1: Let's just say this is like from the movie Airplane 647 00:34:37,040 --> 00:34:41,000 Speaker 1: or something. Let's say you're on a fully stacked, you know, 648 00:34:41,120 --> 00:34:44,080 Speaker 1: seven forty seven or something full of people and for 649 00:34:44,120 --> 00:34:47,680 Speaker 1: some reason it's all on you. You got your head 650 00:34:47,680 --> 00:34:51,200 Speaker 1: set on. The pilots are all out cold, whatever that. 651 00:34:51,400 --> 00:34:53,560 Speaker 1: I don't think. I think that I would just panic. 652 00:34:53,600 --> 00:34:54,920 Speaker 1: I think I'd have a heart attack. I don't know. 653 00:34:55,080 --> 00:34:57,040 Speaker 1: I think the bigger and I'm not an expert. I've 654 00:34:57,080 --> 00:34:59,319 Speaker 1: never actually tried to, you know, gone up and even 655 00:34:59,400 --> 00:35:02,799 Speaker 1: done anything in an airplane. But my understanding, buck is 656 00:35:02,840 --> 00:35:06,680 Speaker 1: that the bigger the airplane, the easier it is to fly. 657 00:35:07,200 --> 00:35:09,759 Speaker 1: Meaning this and our pilot audience can tell me if 658 00:35:09,760 --> 00:35:12,640 Speaker 1: I'm a total imbecile here. Because so much of the 659 00:35:12,680 --> 00:35:16,160 Speaker 1: big planes is computerized now, I think it might be 660 00:35:16,280 --> 00:35:19,920 Speaker 1: somewhat easier to take the controls, and as obviously a 661 00:35:19,920 --> 00:35:22,000 Speaker 1: lot more that may be true. Then maybe you could 662 00:35:22,040 --> 00:35:23,960 Speaker 1: hit the auto Maybe they could just say, hey, hit 663 00:35:24,000 --> 00:35:26,680 Speaker 1: the autopilot, hit this, hit that, and you're good. I'm 664 00:35:26,680 --> 00:35:28,719 Speaker 1: just saying, if there were a hundred other people, they're 665 00:35:28,719 --> 00:35:30,839 Speaker 1: on the way, more lives at stage, it's way more 666 00:35:30,880 --> 00:35:33,400 Speaker 1: stressful than just yourself. But I think it might be 667 00:35:33,440 --> 00:35:37,600 Speaker 1: more difficult to land the Cesna because those are less 668 00:35:38,040 --> 00:35:42,040 Speaker 1: controlled by the computer technology than it would be to 669 00:35:42,080 --> 00:35:45,040 Speaker 1: suddenly find yourself in a seven forty seven cockpit. I 670 00:35:45,080 --> 00:35:48,239 Speaker 1: think in fixed wing you would have a shot. I 671 00:35:48,280 --> 00:35:51,560 Speaker 1: think if we're talking rotary, you're probably we're probably toast 672 00:35:51,680 --> 00:35:54,279 Speaker 1: because so I think my helicopters are really tough. I 673 00:35:54,400 --> 00:35:56,480 Speaker 1: know fixed wing pilots were like, I can't fly. I 674 00:35:56,560 --> 00:35:58,160 Speaker 1: knew them in the military. They're like, I'm a fixed 675 00:35:58,160 --> 00:36:00,600 Speaker 1: wing guy. I don't mess with those those peller things. 676 00:36:00,880 --> 00:36:03,200 Speaker 1: Oh I'm not only that. I think the time of 677 00:36:03,280 --> 00:36:06,040 Speaker 1: day matters the weather, you know, because if you've ever 678 00:36:06,040 --> 00:36:08,600 Speaker 1: been up in some of those little planes when when 679 00:36:08,640 --> 00:36:12,440 Speaker 1: there's a storm coming through, that is you're bouncing around 680 00:36:12,560 --> 00:36:15,759 Speaker 1: a lot. And if you're flying at night, it's a 681 00:36:15,760 --> 00:36:18,719 Speaker 1: lot different than flying during the day too. I mean, 682 00:36:18,760 --> 00:36:22,080 Speaker 1: so this is a heck of a story, but congratulations. 683 00:36:23,320 --> 00:36:26,200 Speaker 1: I think I think both of them ended up okay. 684 00:36:26,280 --> 00:36:29,240 Speaker 1: So see, look we end on a on a happy story. 685 00:36:29,520 --> 00:36:31,440 Speaker 1: I believe I believe that they're both. I know the 686 00:36:31,440 --> 00:36:34,680 Speaker 1: guy landed, he's okay. I believe the pilot also ended 687 00:36:34,760 --> 00:36:37,480 Speaker 1: up getting medical attention. UNI. I should just check on 688 00:36:37,520 --> 00:36:41,840 Speaker 1: this one. Uh play. We've covered a lot of ground today, 689 00:36:41,880 --> 00:36:45,960 Speaker 1: my man, and tomorrow we've got Kennedy from Fox Business 690 00:36:46,120 --> 00:36:49,399 Speaker 1: of Kennedy Fame, her own show over at Fox Show 691 00:36:49,560 --> 00:36:52,840 Speaker 1: be talking to us our buddy Rob Smith, who is 692 00:36:52,840 --> 00:36:57,520 Speaker 1: a commentator, author, army veteran, and all the news today. Man, 693 00:36:57,560 --> 00:37:01,600 Speaker 1: It's going to be fantastic, can't wait. I look forward 694 00:37:01,640 --> 00:37:03,319 Speaker 1: to continue to have a good time down here on 695 00:37:03,320 --> 00:37:05,320 Speaker 1: the Gulf Coast appreshade, all the people who listened to 696 00:37:05,360 --> 00:37:07,839 Speaker 1: the show down here in this market, and man will 697 00:37:07,840 --> 00:37:10,360 Speaker 1: continue to be voices for sanity in an insane world. Tomorrow, 698 00:37:10,920 --> 00:37:14,920 Speaker 1: Sleet Travis and Buck Sexton on the front lines of 699 00:37:15,120 --> 00:37:15,440 Speaker 1: truth