Speaker 1: Broadcasting live from the Abraham Lincoln Radio Studio the George
Speaker 1: Washington Broadcast Center, Jack Armstrong and Joe Getty.
Speaker 2: Arm Strong and Getty, and he Armstrong and Getty.
Speaker 3: I really am concerned about how fragile democracy is. I
Speaker 3: guess what I'm worried about is that the thing that
Speaker 3: keeps it on track are the guardrails. That there's a
Speaker 3: Supreme Court that's independent but not but accountable. There's a
Speaker 3: Congress that you speak your mind, but you're held accountable
Speaker 3: to basic standards. There's a presidency that says you have
Speaker 3: very limited powers. I mean, you're the top dog. When
Speaker 3: you're not, you can dictate everything. And I don't know,
Speaker 3: they seem to just we just seem to be chipping away.
Speaker 2: At all those elements.
Speaker 4: Why is the least popular president outside of Nixon in
Speaker 4: sixty years, doing so many exit interviews?
Speaker 2: People hate you. Why don't you just quietly go away?
Speaker 1: Desperate need to take one last shot at burnishing his legacy.
Speaker 1: I guess quick note before we get into the meat
Speaker 1: of this topic, and Michael in Washington State writes, evidently,
Speaker 1: yesterday I made reference to Biden and his advisors in
Speaker 1: his farewell speech and Michael suggests the new nickname dead
Speaker 1: in company, I mean his advisors.
Speaker 4: That's disrespectful, Michael. It's a bad idea, disrespectful to John Mayer, maybe.
Speaker 2: Bob Ware. So I'm going to just read here. This
Speaker 2: is going to be a segment where I just read.
Speaker 4: This article is super long, and and I just came
Speaker 4: across it fifteen minutes ago, and it's out the New
Speaker 4: York Times today, and I have had chance to highlight it.
Speaker 4: I'm gonna read. Joe's gonna comment as we go. The
Speaker 4: New York Times has interviewed over a dozen people with
Speaker 4: knowledge of This article is based on interviews with a
Speaker 4: dozen people who participated in the private push of getting
Speaker 4: Biden out of office.
Speaker 2: This is one of the first big articles.
Speaker 4: On this to come out yet, you know, three days
Speaker 4: before he leaves office. The headline in today in the NYT.
Speaker 4: I'm urging you not to run how Schumer pushed Biden
Speaker 4: to drop out. And I've just started reading it. I'm
Speaker 4: finding it fascinating. So I hope you will take Senator
Speaker 4: Chuck Schumer of New York sat in the foyer of
Speaker 4: President Biden's beach house, tired and tense. He had not
Speaker 4: slept at all the night before, and on the four
Speaker 4: hour drive from Brooklyn to Delaware, he had rehearsed out
Speaker 4: loud what he planned to say, reviewing note cards as
Speaker 4: he prepared for what he thought might be the most
Speaker 4: high stakes speech he would ever give to an audience
Speaker 4: of one.
Speaker 2: I'm already wrapped. Wow.
Speaker 4: It was the afternoon of July thirteenth, a humid summer afternoon,
Speaker 4: just before four o'clock, and Schumer, the Democratic leader of
Speaker 4: the Senate, was about to make a blunt case to
Speaker 4: Joe Biden that he needed to drop his bid for
Speaker 4: a second term. If there were a secret ballot among
Speaker 4: Democratic senators, mister Schumer would tell the president no more
Speaker 4: than five would say he should continue running ooh five
Speaker 4: out of fifty.
Speaker 2: Two or whatever it was.
Speaker 4: At the time, mister Biden's own polsters assessed that he
Speaker 4: had about a five percent chance of prevailing against the
Speaker 4: Donald Trump. Mister Schumer would tell him information that was
Speaker 4: apparently news to the president. The pulsters were saying, you
Speaker 4: have a five percent chance of winning. They weren't telling
Speaker 4: Joe that. They were telling all the other Democrats that
Speaker 4: what the hell.
Speaker 2: You pointed this out?
Speaker 1: Yesterday that well, Number one, it's just mind blowing that
Speaker 1: the president's advisers were keeping the polls from him and
Speaker 1: fully curating which headlines he saw. I mean, that's just
Speaker 1: it's scary and how clear it is that they're like,
Speaker 1: if he sees this, he's not going to run again,
Speaker 1: then I'll have to go find a job. Hey, there's
Speaker 1: a chance he gets reelected and I keep my gigs,
Speaker 1: So let's just keep the news from him. I mean,
Speaker 1: that is some serious puppetry.
Speaker 2: God, I'd say.
Speaker 4: If the President refused to step aside, the Senator would argue,
Speaker 4: the consequences for Democrats in Biden's own legacy after a
Speaker 4: half century would be catastrophic.
Speaker 2: Correct.
Speaker 4: If you run and you lose to Trump and we
Speaker 4: lose the Senate and we don't get back the House,
Speaker 4: you will go down in America as one of the
Speaker 4: darkest figures.
Speaker 1: Whoa happened anyway, But it would have been certain if
Speaker 1: he'd run.
Speaker 2: That's a heck of a thing to say.
Speaker 4: Schumer would end with the directive, if I were you,
Speaker 4: I wouldn't run.
Speaker 2: I'm urging you not to run.
Speaker 4: The roughly forty five minute conversation, which took place on
Speaker 4: a screen, didn't porch overlooking a pond. Was more pointed
Speaker 4: and emotional than previously known and helps to explain how
Speaker 4: mister Biden came to the decision just over a week.
Speaker 2: Later to end his campaign.
Speaker 4: They lay out the all the people that they talked
Speaker 4: to the knowledge they had. These are all people close to.
Speaker 2: The whole deal.
Speaker 4: Uh. When Schumer arrived at mister Biden's beach house that
Speaker 4: summer day, he could hear the President shouting. Mister Biden
Speaker 4: was finishing up a contentious zoom call with a small
Speaker 4: group of lawmakers who were expressing their concerns about his
Speaker 4: viability as a candidate, and.
Speaker 2: His back was up.
Speaker 4: This was exactly the kind of scenario Schumer had been
Speaker 4: hoping to avoid for the past three weeks. As he
Speaker 4: stalled for time and dragged his feet about having this
Speaker 4: awkward conversation at all, he worried that the famously stubborn
Speaker 4: president would feel cornered and dig in more. For months,
Speaker 4: Schumer had been concerned that Biden was going to lose
Speaker 4: to Trump and cost Democrats Congress. Now listen to this part,
Speaker 4: and you tell me what's going on here. It wasn't
Speaker 4: that he thought Biden was not capable of doing the job.
Speaker 4: During their weekly conversations, the President often rambled, but he
Speaker 4: had always rambled. Once in a while Biden would forget
Speaker 4: why he had called, but Schumer thought little of it.
Speaker 4: He was convinced that Biden could handle the job. How
Speaker 4: is that freaking possible?
Speaker 1: How are those sentences part of the same paragraph.
Speaker 4: Is he only saying that to the New York Times
Speaker 4: or whoever he's talking to, because he'd be like a
Speaker 4: bad American if he admitted well, And because he.
Speaker 1: Was swearing up and down to anybody who had listened
Speaker 1: that the President was more than capable of handling.
Speaker 2: The job at the time.
Speaker 1: So he's now because obviously he and his people are
Speaker 1: leaking all this stuff. He is trying somehow to thread
Speaker 1: the needle of this stuff being true. And yet he's
Speaker 1: not a big fat, stinkin' liar. Good luck thread in
Speaker 1: that needle, Chucky boy.
Speaker 4: Umm. He was uncomfortable with giving unsolicited advice to the
Speaker 4: commander and cheap about his future. Schumer, like every other
Speaker 4: Democrat in a position of power at the time, had
Speaker 4: chosen to do nothing. So when Biden bombed during his
Speaker 4: June twenty seventh debate with Trump, Schumer regarded it as
Speaker 4: something of a gift, a forcing mechanism to start an
Speaker 4: overdue discussion about the president's political viability. I remember talking
Speaker 4: the next day about how we thought there's a whole
Speaker 4: bunch of Democrats are like.
Speaker 2: Yes, finally, finally it's out in the open.
Speaker 4: We don't have to pretend anymore, as opposed to well,
Speaker 4: I don't let me read this for you. That night,
Speaker 4: the night of the debate, about two dozen House Democrats,
Speaker 4: including Jakeem Jeffries who is now or is the minority leader,
Speaker 4: gathered for a watch party in the community room of
Speaker 4: the Washington and Lunxury apartment blah blah blah.
Speaker 2: Where they all left. That was a gas can you imagine?
Speaker 4: But the festive atmosphere dissipated immediately after mister Biden, pale
Speaker 4: and horse shuffled onto the stage in Atlanta and began
Speaker 4: stumbling through his answers. By the end of the ninety
Speaker 4: minute debate, I got to believe by the end of
Speaker 4: the first five minutes, like all of the rest of America,
Speaker 4: oh yeah, those who had been able to bear sticking
Speaker 4: around were in a panic.
Speaker 2: While lots of people left.
Speaker 1: I got to someplace I gotta go. Nothing mattered after
Speaker 1: that first five minutes. Mister Jefferys had a motto he
Speaker 1: often shared with this caucus. I've never heard this before.
Speaker 1: Calm is an intentional decision. He tried to channel it
Speaker 1: that night, even as his internal alarm bears, bells were
Speaker 1: ringing and colleagues were telling him they could not possibly
Speaker 1: win their seats with mister Biden at the top of
Speaker 1: the ticket. We gotta process at all. See where we
Speaker 1: are tomorrow morning, and we'll come up.
Speaker 2: With a game plan. Calm is an intentional decision. I
Speaker 2: like that. Hey, I'd like that too.
Speaker 1: And he was absolutely right to tell everybody, hey, hey, hey,
Speaker 1: calm down.
Speaker 2: We'll talk tomorrow. We're not gonna solve it right now.
Speaker 4: Schumer, who was at a fundraiser in California during the debate,
Speaker 4: had a similar message for the donors he saw that night.
Speaker 2: Uh we'll have.
Speaker 4: To see, he said, vaguely, I'll have to see what
Speaker 4: what what do we gonna do?
Speaker 2: Uh, well, we'll have to see.
Speaker 1: You know what we could have, you know what would
Speaker 1: have been theater if we'd thought of it. Of course,
Speaker 1: we just came across this as sprinkle in various clips
Speaker 1: from the debate about and then we killed Medicare, just
Speaker 1: to remind you of how astounding it was, how awful
Speaker 1: embarrassing many powerful people had seen enough, says The New
Speaker 1: York Times.
Speaker 4: That night, mister Schumer's flip phone started ringing and it
Speaker 4: wouldn't stop for days. Donors, members of Congress, union bosses,
Speaker 4: even strangers who fished his number out of a Harvard
Speaker 4: reunion book were calling, pleading with him to tell Biden
Speaker 4: to get the race. Hey, Chuck, I know you don't
Speaker 4: remember me. We played the high school football together, but
Speaker 4: come on, dude. Schumer had one simple message for everyone
Speaker 4: who called him.
Speaker 2: Do not be public.
Speaker 4: He said, that will get his back up, and you
Speaker 4: have got to let the dust settle. But if you
Speaker 4: can call whoever you know in the campaign, call the
Speaker 4: White House, that's interesting.
Speaker 1: Protect the president's dignity or we're not going to be
Speaker 1: able to get him out. That's why all of those,
Speaker 1: I mean, just crazy over the top. The most impactful
Speaker 1: one term president in American history. He should be on
Speaker 1: Mount Rushmore. It's been more transformative than blah blah blah.
Speaker 1: All that stuff is absolutely laughable, but it served that strategy.
Speaker 4: Some lawmakers thought waiting was the wrong strategy. Representative Jamie
Speaker 4: Raskin Democratic Maryland chose at first to go the private route,
Speaker 4: sending a letter to Biden on July sixth encouraging him
Speaker 4: to leave the race. One of Biden's top adviser, Stevershetti,
Speaker 4: assured mister Raskin that the President the First Lady had
Speaker 4: both read the letter. Biden planned to call him, but
Speaker 4: the President never did so. Then he released a later
Speaker 4: publicly if you remember that, saying I think the President
Speaker 4: he was the first person to break Remember. Then it
Speaker 4: started adding up, and then he does on work.
Speaker 1: He wakes up next to a German shepherd's head in
Speaker 1: his bed.
Speaker 2: It's a message. Forget about it. It's a message he's
Speaker 2: in the doghouse.
Speaker 1: The message is the Secret Service is tired of getting
Speaker 1: bit by your damn dog.
Speaker 4: Umm again, I'm reading this up more or less on
Speaker 4: the fly. I'm sure there's more good stuff in here
Speaker 4: I can look over and bring to you.
Speaker 2: Uh, I'm loving. I know, it's amazing.
Speaker 1: You know what, though, speaking of the Godfather, the sequel
Speaker 1: is going to be better than the original in that
Speaker 1: the next chapter has got to be the wrangling over
Speaker 1: the course of was it a week ten days where
Speaker 1: we as a country and the Democratic Party went from well,
Speaker 1: the vice president is a damn moron, so the one
Speaker 1: thing we're not gonna do is just trot her out automatically.
Speaker 2: And a week and a half later it was.
Speaker 1: Like, the great visionary leader Kamala will take us into
Speaker 1: our future and we don't.
Speaker 2: Need a primary.
Speaker 1: She's such a wizard, she must be the nominee. How
Speaker 1: did that happen? What did those discussions sound like?
Speaker 2: Killing? He said, what.
Speaker 4: I got one more nugget for you before we take
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Speaker 1: So you're counting out those teams that are one shut,
Speaker 1: one touchdown underdogs, jack I said, don't do it. There
Speaker 1: could be some major surprises. But can you yes, can
Speaker 1: you predict whether a couple of players or more will
Speaker 1: exceed the statistical projection for them or do less than that?
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Speaker 4: Okay, when we come back, I could get in a
Speaker 4: little more of this article. It's got what Barack Obama
Speaker 4: said the night after the debate at a fundraiser and
Speaker 4: then starting the Kamala Harris conversation, which is interesting. Among
Speaker 4: other things we've got coming up, like the whole TikTok
Speaker 4: Supreme Court ruling and how that factors into everything.
Speaker 1: Stay with also also a couple of things real quick,
Speaker 1: unbelievable nine to one, one call dramatic, just a mind
Speaker 1: blowing and a comparing contrast California an insurance crises and
Speaker 1: Florida and insurance crises.
Speaker 2: Leadership matters, Man, stay with us, man. It's a six
Speaker 2: pound show and a five pound bag. I got a
Speaker 2: lot of criticisms.
Speaker 3: Understandably, we've invested more in Red stage than bluestags.
Speaker 2: That's in this book, that's in this report.
Speaker 3: For two reasons. One, Red States really screwed up. Turns
Speaker 3: of the way they handle their economyn and the way
Speaker 3: they handle manufacturing and way they handle access to supply chains.
Speaker 1: Yeah, Red States are just screwed up. They have no
Speaker 1: idea how to manage their business. Thanks Uncle Joe.
Speaker 2: So we've been reading through this New York Times article.
Speaker 4: It's like the rough draft of history where people are
Speaker 4: starting to speak about how the whole thing went down
Speaker 4: a pushing Joe Biden out and it's pretty damned interesting.
Speaker 4: And I was reading more of it during the break
Speaker 4: and got a roll on. So we did it last segment.
Speaker 4: If you missed it, get the podcast Armstrong and Getty
Speaker 4: on demand. The debate had just happened. All the Democrats
Speaker 4: are in a panic. Chuck Schumer, the majority leader at
Speaker 4: the time of the Senate saved his frank conversations for
Speaker 4: King Jeffreys and former President Barack Obama. On June twenty ninth,
Speaker 4: to the night after the debate, Jeffries was scheduled to
Speaker 4: participate in a fundraiser in New York where he was
Speaker 4: to interview Obama in front of an audience in a
Speaker 4: fireside chat sort of setting. At a brief dinner mineting
Speaker 4: before the event, mister Obama suggested addressing the elephant in
Speaker 4: the room right off the top, because you got Obama's
Speaker 4: smart enough to understand that we can't go out there
Speaker 4: and pretend this didn't happen last night.
Speaker 2: Had great instincts love him or hate him.
Speaker 4: On stage, the former president told the crowd that bad
Speaker 4: debates happened, and while this one had greatly complicated the situation,
Speaker 4: Democrats had to find a way to power through it.
Speaker 2: Then they took no questions about it. Well, he was
Speaker 2: trying to defend the indefensible. I guess that's as good
Speaker 2: as you can do.
Speaker 4: Privately, Jakim Jeffries began working to persuade people, the White
Speaker 4: House Chief of Staff and others that Vice President Kamala
Speaker 4: Harris would be a superior candidate to Biden. So that's
Speaker 4: ground zero, patient zero for how that whole thing started.
Speaker 2: He's hearst Bengali.
Speaker 4: I see, yeah, Hakim Jeffrey said, we don't have data
Speaker 4: at this moment. The most but the most powerful narrative
Speaker 4: in American politics is change. Vice President Harris would represent change.
Speaker 4: Others rejected that sentiment, and so it just kind of,
Speaker 4: you know, nothing happened there for a little while. We
Speaker 4: can get through it. We think our allies in the
Speaker 4: Hill are wrong, said the chief of Staff. Schumer spoke
Speaker 4: with Biden. I pressed him to do more to I
Speaker 4: love this part to counter the narrative that he.
Speaker 2: Was not up to continuing in the race.
Speaker 4: He didn't tell him to drop out, mister President, Schumer said,
Speaker 4: the only way you're going to save this is to
Speaker 4: show up day in, day out with unscripted town halls,
Speaker 4: and people will be able to smell if it's spontaneous,
Speaker 4: and it will show that the debate was a one off.
Speaker 2: I think Schumer knew he couldn't do it. That's what
Speaker 2: I think.
Speaker 1: Yes, yeah, I think he said, you're terrible, but not
Speaker 1: so terrible. Everybody's agreeing with me, So go out and
Speaker 1: be terrible.
Speaker 2: Some more.
Speaker 4: The chief of staff told mister Schumer that the president
Speaker 4: would put doubters at ease when he participated in a
Speaker 4: news conference after the NATO summit in DC next week.
Speaker 4: Schumer screamed, that's not even close to good enough. Still,
Speaker 4: Schumer held back Democratic senators who wanted to publicly call
Speaker 4: on Biden's step aside, even though he agreed with their
Speaker 4: assessment that they should. It'll only make things worse and
Speaker 4: we're not ready. He had half of the Democratic senators
Speaker 4: wanted to come forward and say he's got to go,
Speaker 4: and Schumer held him back. There's much more to this.
Speaker 4: I suggest going to the New York Times site and
Speaker 4: reading it. There's a lot more screaming behind closed doors
Speaker 4: and all that sort of stuff. Pretty damn interesting.
Speaker 1: And exactly what we suspected it was going on behind
Speaker 1: the scenes. Says they, you know, tried to portray calmness, and.
Speaker 2: You know it's fine. It was a bad nice I didn't.
Speaker 4: Get to the Obama saying I can't call him because
Speaker 4: we have such a bad relationship. So they had such
Speaker 4: a bad relationship from when Obama going way back to
Speaker 4: when Obama endorsed Hillary before Joe Biden had a chance
Speaker 4: to even run, and so they have a really bad relationship,
Speaker 4: which has been you know, hinted that and everything like that,
Speaker 4: but never stated that as clearly as it is in
Speaker 4: the New York Times today.
Speaker 1: Well, and picture yourself as Hakeem Jefferies, who wanted Biden
Speaker 1: out in the pride bar you're using is the genius
Speaker 1: Kamala Harris, I mean that's rough. How about Obama saying
Speaker 1: I can't call him he hates me, confirming yet another rumor, Well,
Speaker 1: leadership it matters, comparing in contrasting California and Florida will
Speaker 1: do that in an unbelievable nine to one one call,
Speaker 1: all coming up Armstrong and Getty, is she strong enough
Speaker 1: to do this?
Speaker 4: Or you couldn't carry my husband out of a fire.
Speaker 2: In which my response is he got himself in the
Speaker 2: wrong place. If I have to carry him out of
Speaker 2: a fire. That's I think.
Speaker 1: That's the lf LA fd's chief diversity officer explaining that
Speaker 1: if you're complaining that a woman firefighter isn't strong enough,
Speaker 1: well you shouldn't be in a fire, which is DEI
Speaker 1: for you.
Speaker 2: That's a weird response.
Speaker 1: Yeah, I'd say, did you want to put a little
Speaker 1: exclamation point on our discussion of Joe Biden and senility
Speaker 1: and trying to get rid of him and the rest
Speaker 1: of them.
Speaker 4: Maybe a tease ahead in hour four, I'll get back
Speaker 4: into that New York Times article that just hit today.
Speaker 4: I also think I've figured out who the main source is.
Speaker 4: It's got to be Nancy Pelosi. She doesn't like that
Speaker 4: narrative that she's the one who pushed him out. It
Speaker 4: looks way more like Chuck Schumer is the guy who
Speaker 4: pushed Joe Biden out. And she's saying, why is everybody
Speaker 4: talking about me pushing him out? And me it was Chuck.
Speaker 2: Oh, but she's the source for.
Speaker 4: All this information because Chuck was telling her everything that
Speaker 4: was going on. Anyway, this New York Times article is
Speaker 4: pretty interesting. We'll get back into it an hour for
Speaker 4: The main takeaway to me is Joe Biden was very
Speaker 4: poorly served by the people close to him.
Speaker 2: They were keeping him completely in the dark.
Speaker 4: Not only has he got dementia, they weren't telling him
Speaker 4: the truth at all.
Speaker 2: Yeah, which is scary, I would admit. Well, well, we'll.
Speaker 1: Discuss the next hour fair enough sounds good getting to
Speaker 1: that fabulous nine to one one call really interesting. Next
Speaker 1: segment one to just hit you with this. I'll summarize
Speaker 1: it the best I can. It's an unbelievable and really
Speaker 1: useful comparing contrast of California and Florida by the Wall
Speaker 1: Street Journal's editorial board in terms of their insurance markets.
Speaker 1: And it's obviously a decent comparison. You've got giant states,
Speaker 1: coastal states, populous states, states that are prone to natural disasters.
Speaker 2: And they make the point that in nineteen forty five a.
Speaker 1: Big act was passed that says states regulate insurance and
Speaker 1: the systems worked relatively well over eighty years, but some
Speaker 1: states have done a better job of managing their markets
Speaker 1: than others. California and Florida provide an illustrative contrast. Democratic
Speaker 1: insurance commissioners in the Golden State have for years suppressed rates.
Speaker 1: We've been talking about this. California was the only state
Speaker 1: of the fifty that prohibited carriers from using current catastrophe
Speaker 1: models to project disaster risk and also to price reinsurance
Speaker 1: costs into their premiums. Reinsurance just means the insurance companies
Speaker 1: have insurance in case the worst happens. They've been paying
Speaker 1: a different company to help them out if the pooh
Speaker 1: really hits the fan. That's what reinsurance is anyway. So wildfires,
Speaker 1: which absolutely have been exacerbated by the poor land management
Speaker 1: in California. It's not the whole story, but it's part
Speaker 1: of it. They've swelled insurer claims and liabilities. Insurance companies
Speaker 1: are paying out a dollar nine for every dollar they collect.
Speaker 2: It's obviously not sustainable.
Speaker 1: They've curbed their exposure in part by dropping thousands of
Speaker 1: policy holders in high risk areas and just leaving the market.
Speaker 1: Californians already know this. California has a state Insurer of
Speaker 1: Last Resort. It's called FARE. It's an acronym. Their liabilities
Speaker 1: have exploded about four hundred and sixty billion dollars.
Speaker 2: It's almost tripled.
Speaker 1: It has triple in a few years, and yet they
Speaker 1: have incredibly little cash on hand. And not to get
Speaker 1: too far into the technicalities of this, but if FARE
Speaker 1: goes bust, the deal is insurance customers are going to
Speaker 1: pay like super high rates to bail it out.
Speaker 2: Private customers.
Speaker 1: It reminds me a little bit of how if you
Speaker 1: have private health insurance pay many multiples what Medicare, folks
Speaker 1: pay for a particular procedure.
Speaker 2: It's just it's completely distorted. Da da da dah.
Speaker 1: Yet, insurance Commissioner Ricardo Laura rejected Fair's proposed rate increases
Speaker 1: while also saying you have to cover homes worth up
Speaker 1: to three million dollars. Fair president Victoria Roach told the
Speaker 1: state Assembly last year that the insurer in twenty twenty
Speaker 1: one requested a forty nine percent rate increase. It needed
Speaker 1: seventy percent to be fiscally sound, but will settle for
Speaker 1: forty nine percent. They were granted sixteen percent. So Fare
Speaker 1: is under capitalized, had only seven hundred million dollars in
Speaker 1: cash on hand as of last year, seven hundred million,
Speaker 1: and a liability of four hundred and sixty billion.
Speaker 2: Great system.
Speaker 4: I'm just curious what happens for people with homes that
Speaker 4: cost over three million dollars, because in California lots of areas,
Speaker 4: that's not hard to do. For those of you around
Speaker 4: the country, I could show you neighborhoods with two three
Speaker 4: million dollar homes.
Speaker 2: You need think these are two million dollar homes? Are
Speaker 2: you serious? Yeah? That's crazy? Yeah, I don't know.
Speaker 1: Actually, I suppose you could get like a supplemental policy
Speaker 1: at very high cost from some wow, you know, Lloyd's
Speaker 1: of London or something like that. The secondary insurance market anyway,
Speaker 1: So to prevent more insurance from leaving the state, Lara
Speaker 1: last month finally let carryers price in their reinsurance cost
Speaker 1: and use catastrophe models. But he also capped the reinsurance costs.
Speaker 1: And I'm not going to get into the technicalities.
Speaker 2: But so it means that.
Speaker 1: Insurers might not cover all of the fire damage. Homeowners
Speaker 1: will face heftier building costs, but the Federal Emergency Management
Speaker 1: Agency covers losses of homeowners are under insured, which means
Speaker 1: taxpayers in Houston and Little Rock may pay for rebuilding
Speaker 1: multimillion dollar homes in California. And if Fare becomes insolvent,
Speaker 1: as it's looking like it might, all insurers in California,
Speaker 1: meaning their customers are on the hook for its claims,
Speaker 1: homeome owners could see rates rise by thousands of dollars
Speaker 1: per year homeowner as California.
Speaker 2: In Florida.
Speaker 1: In striking contrast, Republicans headed off an insurance market death
Speaker 1: spiral caused by litigation abuse state law. It allowed policyholders
Speaker 1: to assign their claim benefits to contractors working with try lawyers.
Speaker 1: Contractors would inflate charges and sue insures if they rejected them,
Speaker 1: setting up a costly claim by claim battle. Insurans lost
Speaker 1: hundreds of millions of dollars a year. More than a
Speaker 1: dozen failed between twenty and twenty two. Others left the
Speaker 1: market because the litigation costs made it difficult to obtain
Speaker 1: reinsurance and they had an insurer of last resort too
Speaker 1: that was in danger of collapsing. And our Governor Ron DeSantis,
Speaker 1: who could certainly be the next president who knows, who
Speaker 1: championed tort reforms in twenty two to twenty three that
Speaker 1: have stanched the flood of frivolous lawsuits, stabilized the market,
Speaker 1: and reduced their last resort guy's exposure. According to the
Speaker 1: Florida Office of Insurance Regulation, nine insurers have since re
Speaker 1: entered the market. Sixty percent of Florida's top ten carriers
Speaker 1: have expanded their business in the state, forty percent have
Speaker 1: filed for rate decreases, and the average monthly request for
Speaker 1: rate increases is now just over one percent compared to
Speaker 1: fourteen percent a few years ago. If not for mister
Speaker 1: Desantus reforms, last year's hurricane might have toppled citizens. Finally,
Speaker 1: they conclude federalizing the US insurance market, which some people
Speaker 1: are in favor of, would create a moral hazard and
Speaker 1: discourage state reforms. Rather than protecting California's Democrats from the
Speaker 1: costs of their blunders, Republicans should point to Florida.
Speaker 2: That's a good idea, man.
Speaker 1: Governance matters, policy matters.
Speaker 4: Well in California. That's one of the reasons I'm still
Speaker 4: a renter is where insurance prices were compared to where
Speaker 4: they're going to be next year.
Speaker 2: Who knows.
Speaker 1: Yeah, especially if this fair thing crashes and burns, right
Speaker 1: my god, Yeah, I know, I know, and I hear
Speaker 1: you in the other forty nine states, Like why don't
Speaker 1: the voters vote differently?
Speaker 2: Have a long, complicated answer.
Speaker 1: Major factors Iraq war being sold on the idea that
Speaker 1: securing the border is racist, that's going away, And more
Speaker 1: than anything, the many hundreds of thousands of public employee
Speaker 1: union members who always vote vote for whoever's going to
Speaker 1: butter their bread. They are, practically including the teachers and
Speaker 1: the nurses and several other big not public employee unions.
Speaker 1: I guess teachers are but they're practically an insurmountable political
Speaker 1: force because California is so corrupt.
Speaker 4: Yeah, our friend lanh Chen, who got more Republican votes
Speaker 4: in the twenty two election than any Republican in America,
Speaker 4: including Ron de Santis, and still lost to California.
Speaker 1: Endorsed by every major newspaper in the state, said hey,
Speaker 1: you've got to vote for this Republican. He's crazy sharp,
Speaker 1: including liberal newspapers. And he's still lost because what I'm
Speaker 1: talking about.
Speaker 4: Right, And he says to us privately, and I don't
Speaker 4: think he would mind us saying this, that it ain't
Speaker 4: gonna get better anytime soon. I mean, it's just it's
Speaker 4: a mess.
Speaker 2: It's broken. Yeah, that's disturbing.
Speaker 4: Great scenery though, yeah, yeah, full that ain't falling into
Speaker 4: the sea right right. Oh, speaking of good news, blessedly,
Speaker 4: Christy nom has assassinated no dogs thus far in Washington,
Speaker 4: d C.
Speaker 2: During her confirmation hearing.
Speaker 4: Do I understand that nobody's brought up the dog shooting
Speaker 4: in the confirmation hearing the day Hanson Joe was predicting
Speaker 4: that that would be something somebody would work in. So, oh,
Speaker 4: it's a must A wonder how come they're going gloves off,
Speaker 4: the dog shooting.
Speaker 1: Well, and I'm not in favorite I understand, I'm I'm
Speaker 1: not speaking of myself. I'm speaking in terms of the
Speaker 1: sort of poop show that these hearings are as an
Speaker 1: amazing Heroni, who's clearly the dumbest person in either House
Speaker 1: of Congress, doesn't is she.
Speaker 4: Not on the committee to bring up the dog Well,
Speaker 4: if Tim Kaine was gonna lecture the second deaf guy,
Speaker 4: do you call yourself free and clear you cheated on
Speaker 4: your wife or the pregnant blah blah blah. I mean,
Speaker 4: if he's got to do that, why wouldn't you go
Speaker 4: with the dog shooting?
Speaker 2: Well, if I was mazy Heroni, I would.
Speaker 4: H Anyway, we got this nine to one one call.
Speaker 4: Pretty cool story about a nine to one one operator
Speaker 4: really handing like a complicated situation. Well, among other things.
Speaker 4: On the way, stay here breaking inauguration news. I was
Speaker 4: wondering how cool was it when I was there for
Speaker 4: the twenty seventeen inauguration of Donald J.
Speaker 2: Trump?
Speaker 4: Because this is unpleasant. It was rainy, but it was
Speaker 4: forty eight degrees at noon that day. They're expecting a
Speaker 4: feels like of eight for this Monday, and that's why
Speaker 4: they just announced they're moving it inside, which really sucks
Speaker 4: if you're planning on being there. I don't know if
Speaker 4: you still get a couple hundred thousand people gathering out
Speaker 4: to watch it on TV screens or what, but it
Speaker 4: definitely ain't the same thing. Well, in January seventh of
Speaker 4: twenty twenty three, many people were saying President or Trump
Speaker 4: will be president again when health freeze is over. Apparently
Speaker 4: this happened other than one time, and they moved it inside.
Speaker 4: In nineteen eighty five for Reagan it was seven degrees.
Speaker 4: Other than that, it would be the coldest it's ever
Speaker 4: been for an inauguration, So well, that's losing flesh from frostbite.
Speaker 2: Cold.
Speaker 1: Sure, if you're out there for hours, because the length
Speaker 1: of exposure matters, I wonder it doesn't matter. The pomp
Speaker 1: and circumstance is interesting and fun and speaks to our
Speaker 1: peaceful transfer power and it's cool, but it's not the president's.
Speaker 1: It's like the difference between your wedding and your marriage.
Speaker 2: Good one.
Speaker 1: Anyway, Oh thank you, I'm here all week. So this
Speaker 1: is really quite interesting. This happened in London. It is
Speaker 1: a nine to one to one caller. They're equivalent of it.
Speaker 1: The the London Police put this out. Uh, they have
Speaker 1: an actor portraying the crime victim, but the rest of
Speaker 1: it is one hundred percent authentic and I think it's
Speaker 1: pretty self explanatory.
Speaker 5: Go ahead, Hello police, what's the emergency? Peter delivery? Pizza delivery? Okay?
Speaker 5: Do you require pizza Livery or do you require the police?
Speaker 5: If it's the police, say yes, yes, okay. Is the
Speaker 5: person is the person that's scaring you at the property? Now, yes,
Speaker 5: no problem. Police have come in. Okay. Have they got
Speaker 5: any weapons? Answer yes or no. If he threatened to
Speaker 5: hurt you, tell me peperoni, If he threatened to hurt
Speaker 5: the children, tell me cheese, okay. The police will be
Speaker 5: with you very very shortly. Okay, all right, if you
Speaker 5: need to call back nine nine nine, keeping a separate
Speaker 5: room for him from him for the moment, all right.
Speaker 5: If I stay on the phone any younger, it will
Speaker 5: look suspicious if you're calling for a pizza. Okay, okay, Police.
Speaker 5: So we Richie Very saying.
Speaker 1: Wow, the kid was kind of yelling over it, but
Speaker 1: she said we've got to cut this off because it
Speaker 1: would seem too weird. If you're on the phone too long,
Speaker 1: but the cops are on their way. Get to a
Speaker 1: separate room. Wow, that's some good training. We've played some
Speaker 1: bad nine one operators over the years, terrible, but that
Speaker 1: was some fantastic training.
Speaker 2: Yeah. I'd say she knew exactly how to handle it.
Speaker 1: Yeah, And the Metropolitan Police put out the word, hey,
Speaker 1: you can cough, you can tap keys. Our operators will
Speaker 1: find a way for you to communicate with us even
Speaker 1: if you can't speak.
Speaker 2: That's some good police work. Yeah.
Speaker 1: Interesting, they don't say exactly how it came out. I
Speaker 1: suspect it came out well, otherwise they would not have
Speaker 1: released that. On a completely different topic, we're talking a
Speaker 1: bit about the end, thank God, of the Biden administration.
Speaker 1: The fabulous Nelly Bowles, writing in the Free Press, was
Speaker 1: talking about his soul sucking farewell address the other night,
Speaker 1: with his ominous warnings about dark forces billionaires exerting too
Speaker 1: much influence on American politics. She quotes him as saying,
Speaker 1: today an oligarchy is taking shape in America of extreme wealth,
Speaker 1: power and influence that literally threatens our entire democracy, our
Speaker 1: basic rights and freedom is a fair shot for everyone
Speaker 1: to get ahead. I don't think it is, but anyway,
Speaker 1: Nelly writes, I agree there's a new oligarchy of rich
Speaker 1: people will manipulate our political landscape, and I, for one,
Speaker 1: am glad that our president finally sees the danger of
Speaker 1: Mackenzie Scott. That's the former missus Bezos and George Soros,
Speaker 1: billionaire political donors propping up untold numbers of causes. He's
Speaker 1: never criticized Mackenzie Scott, but I'm sure he was thinking
Speaker 1: of her, the woman who's thrown nineteen billion dollars at
Speaker 1: activist nonprofits trying to sway American politics. I'm sure when
Speaker 1: he just recently gave the Presidential Medal of Freedom to
Speaker 1: George Soros, he was thinking, this is the dangerous oligarch
Speaker 1: I will speak of soon.
Speaker 2: That's hilarious.
Speaker 1: You know, look, I understand politics, I understand messaging. I
Speaker 1: understand that you're not obligated to give the full story
Speaker 1: all the time if you're trying to persuade people, but
Speaker 1: try not to be so obviously hilariously a hypocrite.
Speaker 2: I don't know if he is. I think he believes it.
Speaker 4: I think he believes the It's like people who watch
Speaker 4: MSNBC and think that's the news and fair and balanced.
Speaker 4: I think he believes, no, No, our billionaires are good,
Speaker 4: decent people just trying to, you know, help the country.
Speaker 2: Their billionaires are evil and scary. I think he actually
Speaker 2: believes that crap.
Speaker 1: Yeah, I could be wrong. I don't know. He is
Speaker 1: so shot at this point. Yeah, well, how much time
Speaker 1: we got?
Speaker 2: Michael too and a half.
Speaker 4: So I was going to read a little more from
Speaker 4: the New York Times article in our four that's out
Speaker 4: today with the most revelation about the whole thing went
Speaker 4: down when he was pushed out, and it was Chuck Schumer,
Speaker 4: not Nancy Pelosi that pushed him out clearly, at least
Speaker 4: based on this New York Times telling, which I think
Speaker 4: their main source is Nancy Pelosi, that version of which
Speaker 4: is the way it works, and it's awesome. But I
Speaker 4: don't know if you remember this. I kind of remember.
Speaker 4: They had a behind closed doors meeting like a week
Speaker 4: or so after the debate. All the Democratic senators wanted
Speaker 4: to meet with people from the White House like the
Speaker 4: Chief of Staff and the other people and stuff like that,
Speaker 4: and they just erupted and screaming at him, like God,
Speaker 4: he's got to step down.
Speaker 2: What is he doing?
Speaker 4: And the Democratic senators, So Joe Biden, if you remember this,
Speaker 4: wrote a letter basically saying, drawing a line in the sand,
Speaker 4: I am not stepping down. Everybody needs to rally behind me.
Speaker 4: Now is the go time that sort of thing? And
Speaker 4: Democratic senators were saying in that secret, you know, closed
Speaker 4: door meeting, did he even write that? Did Jill write that?
Speaker 4: Did Hunter write that? Is even capable of writing a
Speaker 4: letter like that? I mean, that's what Democrats senators were
Speaker 4: saying behind closed doors. And one of them, I forget
Speaker 4: which one, and a group of others agreed demanded.
Speaker 2: I'll tell you what you do.
Speaker 4: You get two real like neurologists or whoever looks at
Speaker 4: brains to give him the once over, declare him fit,
Speaker 4: and they do a press conference and answer any questions.
Speaker 2: You do that and we'll continue to back him. Anything
Speaker 2: short of.
Speaker 4: That and we're out. Yeah, where was that story? And hey,
Speaker 4: Democratic senators, why didn't you go to the media with that?
Speaker 4: You were willing to let this guy run for president again?
Speaker 5: Yeah?
Speaker 2: They why is he president? Now? I mean they didn't
Speaker 2: believe he could even write the letter himself. Why is
Speaker 2: he still president?
Speaker 1: I'm really enjoying these preliminary leaks and stuff like that.
Speaker 1: But mark my words, the moment on Monday, Donald J.
Speaker 1: Trump says, so help me God, do not be standing
Speaker 1: in the entrance of the big publishing houses in New York,
Speaker 1: or you will be stampeded to death by Biden aids
Speaker 1: wanting to get a book deal.
Speaker 4: To tell all, oh yeah, if you're smoking a cigarette
Speaker 4: in front of the front door at Simon and Schuster,
Speaker 4: you're gonna get stampeded like it's the bulls of Pampalona.
Speaker 1: Unanimous decision, Supreme Court, no commie ownership of TikTok. Well done, soups,
Speaker 1: I say more to come our four. If you don't
Speaker 1: get our four, subscribe to the podcast Armstrong and Getty
Speaker 1: on the band Armstrong and Getty