1 00:00:00,640 --> 00:00:04,160 Speaker 1: Hi, I'm Molly John Fast and this is Fast Politics, 2 00:00:04,360 --> 00:00:07,120 Speaker 1: where we discussed the top political headlines with some of 3 00:00:07,160 --> 00:00:11,760 Speaker 1: today's best minds. And Donald Trump has withdrawn Canada's invite 4 00:00:11,840 --> 00:00:16,280 Speaker 1: to the Board of Peace. They are saving a billion dollars. 5 00:00:16,400 --> 00:00:18,480 Speaker 1: We have so to a great Joe for you today. 6 00:00:18,560 --> 00:00:23,880 Speaker 1: Emmas Now's own step Rule talks to us about Trump's 7 00:00:23,920 --> 00:00:28,120 Speaker 1: reckless behavior at Davos and how the world is reacting. 8 00:00:28,320 --> 00:00:32,200 Speaker 1: Then we'll talk to former director of the Consumer Financial 9 00:00:32,240 --> 00:00:38,440 Speaker 1: Protection Bureau row hit Chopra about Donald Trump's odd rhetoric 10 00:00:38,640 --> 00:00:40,240 Speaker 1: on credit card interest rates. 11 00:00:40,240 --> 00:00:44,280 Speaker 2: But first the news, Mike, We're three weeks into twenty 12 00:00:44,360 --> 00:00:46,800 Speaker 2: twenty six. I already think there's been two of the 13 00:00:46,840 --> 00:00:50,479 Speaker 2: most powerful pictures of the Trump administration just in the 14 00:00:50,560 --> 00:00:53,599 Speaker 2: last week. There's this first, there is this picture of 15 00:00:54,040 --> 00:00:58,160 Speaker 2: over a half a dozen ICE agents pulling guns at 16 00:00:58,200 --> 00:01:00,960 Speaker 2: a woman in her scrubs. And now we have this 17 00:01:01,040 --> 00:01:03,400 Speaker 2: picture of a five year old boy taken by ICE 18 00:01:03,480 --> 00:01:04,360 Speaker 2: in Minneapolis. 19 00:01:04,760 --> 00:01:07,200 Speaker 1: Yeah, and what about the photos of the guy not 20 00:01:07,319 --> 00:01:08,200 Speaker 1: wearing a shirt. 21 00:01:08,600 --> 00:01:12,039 Speaker 2: It seems easy to capture horrifying images because ICE is 22 00:01:12,040 --> 00:01:14,399 Speaker 2: giving so much material to these photographers. 23 00:01:14,640 --> 00:01:18,200 Speaker 1: It's kind of amazing that Trump brother is so obsessed 24 00:01:18,240 --> 00:01:21,480 Speaker 1: with thinking these images will somehow help them, you know, 25 00:01:21,680 --> 00:01:25,200 Speaker 1: Like what they're thinking is kind of strange, right, Like 26 00:01:25,400 --> 00:01:28,520 Speaker 1: they think it'll help them, but in fact it just won't. 27 00:01:28,760 --> 00:01:30,080 Speaker 1: It's a really bad look. 28 00:01:30,440 --> 00:01:32,360 Speaker 2: It feels like a very bad reading of the room, 29 00:01:32,440 --> 00:01:33,160 Speaker 2: is what I would say. 30 00:01:33,280 --> 00:01:37,240 Speaker 1: Yeah, really really bad reading the room. He's a preschooler, 31 00:01:37,920 --> 00:01:43,480 Speaker 1: Liam Kogius Ramos removed from the family's car. The boy 32 00:01:43,600 --> 00:01:46,920 Speaker 1: and the family are from Ecuador. They presented themselves at 33 00:01:46,920 --> 00:01:49,960 Speaker 1: the border in Texas to apply for asylum. The family's 34 00:01:50,000 --> 00:01:53,520 Speaker 1: lawyer said they are not illegal aliens. They came properly, 35 00:01:53,600 --> 00:01:59,040 Speaker 1: They came legally. They were pursuing a legal pathway and 36 00:01:59,120 --> 00:02:03,840 Speaker 1: the sun was used as bait, as is the way 37 00:02:04,320 --> 00:02:08,160 Speaker 1: in the Trump administration. None of it should be surprising, 38 00:02:08,320 --> 00:02:11,800 Speaker 1: but it is all still completely appalling. 39 00:02:12,160 --> 00:02:14,119 Speaker 2: And this bag technique is very commid. It's what they're 40 00:02:14,160 --> 00:02:17,119 Speaker 2: using at twenty six Federal Plaza in New York. Why 41 00:02:17,200 --> 00:02:19,760 Speaker 2: we see all that the immigration courts are just filled 42 00:02:19,800 --> 00:02:22,320 Speaker 2: with ice at all times because they wait for immigrants 43 00:02:22,360 --> 00:02:25,040 Speaker 2: to go there for a trial and then they grab 44 00:02:25,080 --> 00:02:28,600 Speaker 2: them up. Yeah yeah, so let's get even more craven. 45 00:02:28,919 --> 00:02:32,320 Speaker 2: Many people who are critical of this stuff and smart 46 00:02:32,360 --> 00:02:34,280 Speaker 2: on it. Field, the White Houses really crossed the line. 47 00:02:34,320 --> 00:02:37,040 Speaker 2: The White House posted a deep fake image of an 48 00:02:37,120 --> 00:02:39,000 Speaker 2: arrested ice protester crying. 49 00:02:39,440 --> 00:02:42,760 Speaker 1: Yeah. I mean, I know that Trump world loves to 50 00:02:42,880 --> 00:02:47,280 Speaker 1: do fake stuff, but I don't totally get what the 51 00:02:47,400 --> 00:02:50,800 Speaker 1: story is with this, Like why they want to put 52 00:02:50,880 --> 00:02:54,280 Speaker 1: tears in this woman's face. I mean, I don't get it, but. 53 00:02:54,480 --> 00:02:56,840 Speaker 2: Well, owning the whips, right, But what's. 54 00:02:56,560 --> 00:03:00,120 Speaker 1: So brainwashed about all this stuff? Is there? Like, Okay, yeah, 55 00:03:00,160 --> 00:03:03,080 Speaker 1: put tears, that'll make it even more owning the lips, 56 00:03:03,120 --> 00:03:06,160 Speaker 1: but it actually makes you feel just worse for the person. 57 00:03:07,000 --> 00:03:09,160 Speaker 1: So I don't get it, but it is deep fake. 58 00:03:09,360 --> 00:03:13,040 Speaker 1: Daniel Dale. The White House is confirmed its official ex 59 00:03:13,080 --> 00:03:15,880 Speaker 1: account has posted a fake image of a woman. Again. 60 00:03:16,400 --> 00:03:21,200 Speaker 1: There is no legislation that prevents any fake stuff from 61 00:03:21,240 --> 00:03:25,160 Speaker 1: being anywhere, So if they want to do fake AI 62 00:03:25,600 --> 00:03:30,640 Speaker 1: porn of women candidates, there's nothing stopping any of that. 63 00:03:30,680 --> 00:03:33,880 Speaker 1: None of it's illegal. It's all legal, and so you know, 64 00:03:33,960 --> 00:03:35,840 Speaker 1: the fact that they don't do this stuff every day 65 00:03:35,960 --> 00:03:38,640 Speaker 1: is kind of shocking. If you don't make it illegal, 66 00:03:38,760 --> 00:03:42,240 Speaker 1: people in the Trump administration will do it. So Christy 67 00:03:42,360 --> 00:03:46,360 Speaker 1: NOME is out there. They're charging the people who protested 68 00:03:46,440 --> 00:03:49,320 Speaker 1: the church. I'm sure a lot of listeners this podcast 69 00:03:49,360 --> 00:03:52,280 Speaker 1: know it, but just to remind everyone, they're being charged 70 00:03:52,360 --> 00:03:57,200 Speaker 1: under the eighteen seventy one Klukux Klan Act, which makes 71 00:03:57,240 --> 00:04:02,280 Speaker 1: it illegal any conspiracy to press, threatened, or intimidate. This 72 00:04:02,440 --> 00:04:05,600 Speaker 1: is not what the klu kooks Klan did, right, They 73 00:04:05,840 --> 00:04:09,800 Speaker 1: kill people, They hung them. That's not what's happening here. 74 00:04:09,840 --> 00:04:13,520 Speaker 1: These are people protesting in church. But the point is, right, 75 00:04:13,600 --> 00:04:17,320 Speaker 1: what's the point. The point is, use legislation that was 76 00:04:17,440 --> 00:04:22,640 Speaker 1: meant to protect people to hurt people. Use legislation that 77 00:04:22,880 --> 00:04:26,560 Speaker 1: was meant to protect people from things like the KKK. 78 00:04:27,320 --> 00:04:31,520 Speaker 1: Do that in order to hurt people, because that's what 79 00:04:31,600 --> 00:04:32,800 Speaker 1: this administration does. 80 00:04:33,240 --> 00:04:36,760 Speaker 2: Yeah. Ironically, the man who brought us fake news loves 81 00:04:36,800 --> 00:04:39,600 Speaker 2: fake AI slop and posting it every day because every 82 00:04:39,640 --> 00:04:42,279 Speaker 2: accusation is an admission and a projection. 83 00:04:42,560 --> 00:04:42,880 Speaker 3: Yeah. 84 00:04:42,920 --> 00:04:45,039 Speaker 1: And also because they really don't care. 85 00:04:45,600 --> 00:04:50,120 Speaker 2: Yeah. So yesterday, many people, myself included, were fored by 86 00:04:50,320 --> 00:04:54,599 Speaker 2: Jack Smith's testimony. It seemed very very powerful and a 87 00:04:54,839 --> 00:04:59,039 Speaker 2: very extreme indictment of Judge Aileen Kennon. No relation, thank god. 88 00:05:01,520 --> 00:05:07,800 Speaker 1: Yes, so Jack Smith testified on Thursday, it was was 89 00:05:07,839 --> 00:05:10,680 Speaker 1: it a blockbuster? I don't know there was a blockbuster. 90 00:05:10,920 --> 00:05:15,000 Speaker 1: It wasn't anything we didn't already know. But because we're 91 00:05:15,040 --> 00:05:19,760 Speaker 1: in such a like insane post truth moment, just having 92 00:05:19,839 --> 00:05:24,320 Speaker 1: him say stuff that we already know ultimately was I 93 00:05:24,360 --> 00:05:28,080 Speaker 1: think important and useful if that makes sense. Like, you know, 94 00:05:28,640 --> 00:05:32,120 Speaker 1: Trump world has been such liars about all of this 95 00:05:32,720 --> 00:05:35,840 Speaker 1: that to just have somebody say, like, yes, they did 96 00:05:35,960 --> 00:05:39,760 Speaker 1: in fact storm the government, Yes they did. You know, 97 00:05:39,880 --> 00:05:43,640 Speaker 1: January sixth was in fact January sixth, It was in 98 00:05:43,680 --> 00:05:47,560 Speaker 1: fact meaningful. So I did think it was good. Again, 99 00:05:47,839 --> 00:05:50,400 Speaker 1: like you know, the question of whether or not people 100 00:05:50,680 --> 00:05:53,760 Speaker 1: follow the law, whether or not you know what the 101 00:05:53,880 --> 00:05:56,919 Speaker 1: legal jeopardy the Trump world is in that, I don't know. 102 00:05:57,240 --> 00:06:00,200 Speaker 1: But I did think it was good. And what he 103 00:06:00,240 --> 00:06:03,520 Speaker 1: did was he reminded us. He said that you know 104 00:06:03,800 --> 00:06:05,880 Speaker 1: you had by the way you had Jim Jordan just 105 00:06:06,000 --> 00:06:09,160 Speaker 1: completely was interesting. The Republicans tried to push back by 106 00:06:09,200 --> 00:06:11,760 Speaker 1: saying that Jacksmith had lost a lot of cases when 107 00:06:11,760 --> 00:06:16,200 Speaker 1: he was at the Public Integrity Section of the DOJ, 108 00:06:16,480 --> 00:06:20,520 Speaker 1: which is true, but that's not necessarily an indictment of 109 00:06:20,720 --> 00:06:25,040 Speaker 1: him losing cases. But you know, their thinking was, you know, 110 00:06:25,279 --> 00:06:28,200 Speaker 1: if he had lost cases, that he would lose this case. 111 00:06:28,440 --> 00:06:31,040 Speaker 1: But it never came to that, So it didn't totally 112 00:06:31,160 --> 00:06:33,240 Speaker 1: make a lot of sense. But I was glad to 113 00:06:33,279 --> 00:06:38,240 Speaker 1: see them reminding us of what happened and what's true 114 00:06:38,240 --> 00:06:41,680 Speaker 1: and what's not true. I don't think any Republicans' minds 115 00:06:41,680 --> 00:06:43,960 Speaker 1: and hearts were changed one hundred percent. 116 00:06:44,000 --> 00:06:45,840 Speaker 2: They were not. But as much as I'm not the 117 00:06:45,880 --> 00:06:48,320 Speaker 2: biggest fan of a firmly word and statement in this 118 00:06:48,400 --> 00:06:51,080 Speaker 2: day and age, there's something about when somebody really points 119 00:06:51,240 --> 00:06:54,800 Speaker 2: it all out in a succinct way. So here's that 120 00:06:55,120 --> 00:06:58,400 Speaker 2: category of news where we knew this was happening, but 121 00:06:58,560 --> 00:07:01,960 Speaker 2: now we haven't confirmed. Cash Tellow senior FBI agents linked 122 00:07:01,960 --> 00:07:02,800 Speaker 2: to Trump probes. 123 00:07:03,279 --> 00:07:09,120 Speaker 1: Yeah, Cash Battel, Thank god for Cash Battel. If you 124 00:07:09,200 --> 00:07:14,520 Speaker 1: were really working, we'd all we'd all be in the camps. 125 00:07:14,560 --> 00:07:17,040 Speaker 1: You know. It was really good reporting from New York 126 00:07:17,040 --> 00:07:19,520 Speaker 1: Times this week about how he just wants to go 127 00:07:19,600 --> 00:07:23,400 Speaker 1: to parties, he wants to jet ski, he wants to 128 00:07:23,440 --> 00:07:27,040 Speaker 1: go to sporting events. Cash Battel is like the Paris 129 00:07:27,120 --> 00:07:30,680 Speaker 1: Hilton of the FBI discuss. 130 00:07:31,680 --> 00:07:35,040 Speaker 2: I really really like that analogy. I have no other 131 00:07:35,120 --> 00:07:39,520 Speaker 2: comments aside from the thumbs up. Actually, Molly, you know, 132 00:07:39,720 --> 00:07:42,560 Speaker 2: we can't say that Paris went to Washington this week 133 00:07:42,560 --> 00:07:45,040 Speaker 2: and did really good work out of the Important. 134 00:07:44,600 --> 00:07:46,480 Speaker 4: Act, and that with mich Lawler. 135 00:07:47,160 --> 00:07:48,240 Speaker 2: Yes, that's true too. 136 00:07:48,520 --> 00:07:52,440 Speaker 1: He's PURBs the Bureau of Senior Ranks, forcing out pretty 137 00:07:52,480 --> 00:07:56,240 Speaker 1: much anyone who knows what they're doing. Six agents in Miami, 138 00:07:56,480 --> 00:07:59,560 Speaker 1: anyone who might have had anything to do with hurting 139 00:07:59,600 --> 00:08:04,960 Speaker 1: his man and King Donald is out, Arctic Frost, you know, 140 00:08:05,040 --> 00:08:08,960 Speaker 1: anyone who's ever known and Pete Straw. Basically, they are 141 00:08:09,120 --> 00:08:11,680 Speaker 1: just clearing the decks. It's a good thing we don't 142 00:08:11,720 --> 00:08:14,880 Speaker 1: need the FBI for stuff, because, man, if we did, 143 00:08:15,280 --> 00:08:23,360 Speaker 1: we've been at it out of trouble. Steph Rule is 144 00:08:23,400 --> 00:08:26,920 Speaker 1: the host of MS now's The Eleventh Hour Dephanie Roll. 145 00:08:27,920 --> 00:08:32,520 Speaker 1: Davos matters. Davos matters now in a way that it 146 00:08:32,559 --> 00:08:34,600 Speaker 1: didn't what happened this weekend. 147 00:08:34,800 --> 00:08:38,160 Speaker 3: It's so funny. It's so funny. I've been to Davos, 148 00:08:38,480 --> 00:08:41,880 Speaker 3: I don't know, seven or eight times, and for a 149 00:08:41,960 --> 00:08:46,200 Speaker 3: long time it really was sort of this elite elite, 150 00:08:46,400 --> 00:08:49,040 Speaker 3: just business people. There were world leaders, but kind of 151 00:08:49,080 --> 00:08:53,160 Speaker 3: like more obscure ones with a very big focus on philanthropy. 152 00:08:53,240 --> 00:08:57,280 Speaker 3: And there still is the irony is Davos mattered so 153 00:08:57,400 --> 00:09:01,800 Speaker 3: much this year because so many people influence went, But 154 00:09:01,960 --> 00:09:05,640 Speaker 3: even though they went, what the World Economic Forum has 155 00:09:05,640 --> 00:09:09,560 Speaker 3: always claimed that that Davos was about is, you know, 156 00:09:09,679 --> 00:09:14,360 Speaker 3: creating the integrated collaborative you know, world of the future, 157 00:09:14,840 --> 00:09:18,080 Speaker 3: the sustainable world of the future. Flies in the face 158 00:09:18,400 --> 00:09:21,560 Speaker 3: of exactly where we are today, right the fact, yeah, 159 00:09:21,600 --> 00:09:24,760 Speaker 3: that President Trump flew the well, actually, I'm gonna back 160 00:09:24,760 --> 00:09:28,800 Speaker 3: it up. I watched Stephen A. Smith this week dunk 161 00:09:29,400 --> 00:09:32,800 Speaker 3: on Gavin Newsom just trash him, saying, how dare Gavin 162 00:09:32,840 --> 00:09:37,959 Speaker 3: Newsom on European Soil go to Davos and say anything 163 00:09:37,960 --> 00:09:40,800 Speaker 3: negative about our president? You know, almost like the you know, 164 00:09:40,880 --> 00:09:44,080 Speaker 3: my Catholic family, almost like my Catholic family. You know, 165 00:09:44,120 --> 00:09:46,040 Speaker 3: we can crush each other inside the house, but as 166 00:09:46,080 --> 00:09:47,480 Speaker 3: soon as we open the front door, we have to 167 00:09:47,559 --> 00:09:50,199 Speaker 3: have united front. And I'm kind of like you could 168 00:09:50,240 --> 00:09:53,600 Speaker 3: dog on Gavin Newsom for criticizing the president or by 169 00:09:53,640 --> 00:09:57,640 Speaker 3: the same token, the President went to Davos and on 170 00:09:57,720 --> 00:10:02,760 Speaker 3: European soil, insulted every thing, and everyone practically. 171 00:10:02,280 --> 00:10:04,319 Speaker 1: Declared war on Martin Jarney. 172 00:10:04,840 --> 00:10:08,880 Speaker 3: While so many business leaders and world leaders where there 173 00:10:08,960 --> 00:10:14,240 Speaker 3: scratching their heads saying, have we just redefined the world order? 174 00:10:14,880 --> 00:10:18,480 Speaker 3: I actually think on some level it's a comfort when 175 00:10:18,480 --> 00:10:22,360 Speaker 3: they hear from other government leaders from the United States 176 00:10:22,360 --> 00:10:24,800 Speaker 3: saying no, no, no, no, no, no no, Like, yeah, we don't feel 177 00:10:24,800 --> 00:10:27,800 Speaker 3: that way. We still are committed to the NATO Alliance. Right. So, 178 00:10:28,000 --> 00:10:32,480 Speaker 3: even if we backed off our threats against Greenland, if 179 00:10:32,520 --> 00:10:35,440 Speaker 3: you're any of these countries, do you believe it? 180 00:10:36,360 --> 00:10:36,560 Speaker 4: Right? 181 00:10:36,600 --> 00:10:39,439 Speaker 3: Like, I don't think that Donald Trump truly changed his 182 00:10:39,559 --> 00:10:42,360 Speaker 3: view on what we should do about Greenland. He just 183 00:10:42,400 --> 00:10:46,720 Speaker 3: got a drastically negative response. Much like Liberation Day last 184 00:10:46,800 --> 00:10:50,560 Speaker 3: year when the bond market said, uhh, this isn't gonna work, Donnie. 185 00:10:50,800 --> 00:10:52,600 Speaker 3: The same thing happened this week. 186 00:10:52,840 --> 00:10:55,240 Speaker 1: So I want to go to this precedent because of 187 00:10:55,280 --> 00:10:59,280 Speaker 1: this new world order idea. Mark Karney, the PM of Canada, 188 00:10:59,360 --> 00:11:02,000 Speaker 1: gave this amazing speech and yeah. 189 00:11:01,840 --> 00:11:03,280 Speaker 3: Let me just be clear, I don't know if you 190 00:11:03,320 --> 00:11:05,280 Speaker 3: know I know Mark Karney. He's a fantastic He's a 191 00:11:05,280 --> 00:11:09,720 Speaker 3: smart guy. Mark Carney has never been this exciting in 192 00:11:09,840 --> 00:11:11,079 Speaker 3: his whole entire life. 193 00:11:11,320 --> 00:11:17,679 Speaker 1: Right, explain why that is? Because he's not a normal politician, right, No. 194 00:11:17,840 --> 00:11:20,680 Speaker 3: Oh my goodness, he's an Ivy league educated. He came 195 00:11:20,720 --> 00:11:25,720 Speaker 3: from the banking world. He's a true highly educated centrist 196 00:11:26,080 --> 00:11:30,280 Speaker 3: that had it not been for the right wing pendulum swing, 197 00:11:30,320 --> 00:11:32,720 Speaker 3: you know, for the pendulum swinging so far to the right, 198 00:11:33,200 --> 00:11:37,160 Speaker 3: suddenly Canada was like, oh hey, like like like, we're 199 00:11:37,160 --> 00:11:39,840 Speaker 3: got to stop getting cute with like big changes and 200 00:11:39,880 --> 00:11:42,040 Speaker 3: aspirations and we need to just put a grown up 201 00:11:42,040 --> 00:11:45,040 Speaker 3: who's going to say, let's lower the temperature. And that's 202 00:11:45,080 --> 00:11:46,280 Speaker 3: what Mark Karney is doing. 203 00:11:46,520 --> 00:11:49,080 Speaker 1: Mark Carney gives the speech because you're going because I 204 00:11:49,160 --> 00:11:52,600 Speaker 1: just want to, like Narrate gives this speech. It's an 205 00:11:52,679 --> 00:11:56,120 Speaker 1: amazing speech. It's like very sort of the kind of 206 00:11:56,120 --> 00:11:59,480 Speaker 1: speech gifted or it or gives. And it does not 207 00:11:59,760 --> 00:12:01,920 Speaker 1: ever mentioned the United States by name. 208 00:12:02,320 --> 00:12:05,079 Speaker 3: Go no, it does not ever mention the United States name, 209 00:12:05,360 --> 00:12:09,080 Speaker 3: unlike Donald Trump, who the next day was trying to 210 00:12:09,160 --> 00:12:13,120 Speaker 3: say Greenland by name, but not LANs, not twas, but 211 00:12:13,200 --> 00:12:16,720 Speaker 3: I absolutely think four times called it Iceland, and then 212 00:12:16,760 --> 00:12:20,720 Speaker 3: his press secretary tried to say that we were incorrect, 213 00:12:20,960 --> 00:12:24,680 Speaker 3: and no, Press Secretary Lovett, there's a video he called 214 00:12:24,720 --> 00:12:27,800 Speaker 3: it Iceland. I've got two times. My colleague said four. 215 00:12:27,960 --> 00:12:31,760 Speaker 3: In Donald Trump's first term, one of his he was 216 00:12:31,800 --> 00:12:34,680 Speaker 3: oftentimes very frustrated. You know, people used to joke he's 217 00:12:34,920 --> 00:12:36,880 Speaker 3: in his bed with a diet Coca and a cheeseburger 218 00:12:36,960 --> 00:12:40,480 Speaker 3: watching TV angry. He's not angry angry because he had 219 00:12:40,480 --> 00:12:44,160 Speaker 3: the likes of Gary Khne or Steve Manuchin or hr McMaster, 220 00:12:44,679 --> 00:12:48,240 Speaker 3: Rex Tillerson, take your pick. Even Bill Barr saying no, sir, 221 00:12:48,360 --> 00:12:50,600 Speaker 3: I get that's what you want to do, but that's 222 00:12:50,640 --> 00:12:52,840 Speaker 3: not what we can do. Right. We have to follow 223 00:12:52,840 --> 00:12:55,320 Speaker 3: the rule of law. That's not how government works. Well. Now, 224 00:12:55,360 --> 00:12:59,319 Speaker 3: in Trump two point zero, it's shangri la, right, It's funny. 225 00:12:59,679 --> 00:13:02,720 Speaker 3: Trump is a salesman who will sell you anything at 226 00:13:02,720 --> 00:13:06,360 Speaker 3: a whim. But he is surrounded by true maga zelots 227 00:13:06,720 --> 00:13:09,720 Speaker 3: who are like three equal branches of government. Be damned, 228 00:13:10,200 --> 00:13:13,200 Speaker 3: you know, we're here for Trump Nation. And so no 229 00:13:13,280 --> 00:13:15,760 Speaker 3: one inside that White House has said to him there's 230 00:13:15,840 --> 00:13:19,839 Speaker 3: no reason for us to acquire Greenland. They will even 231 00:13:19,880 --> 00:13:21,960 Speaker 3: the notion of like, we've got the framework of a deal, 232 00:13:22,120 --> 00:13:26,280 Speaker 3: what's in it? You could have had whatever you wanted. Right, Basically, 233 00:13:26,600 --> 00:13:29,840 Speaker 3: we have whatever we want already from Greenland, and if 234 00:13:29,880 --> 00:13:33,160 Speaker 3: we want more, they're going to say yes. So this 235 00:13:33,520 --> 00:13:37,120 Speaker 3: entire exercise, while I'm sure it pleased Vladimir Putin, who 236 00:13:37,160 --> 00:13:40,559 Speaker 3: would love to shake NATO. Like you always have to remember, 237 00:13:41,000 --> 00:13:43,240 Speaker 3: go back in time. Ukraine would like to be a 238 00:13:43,240 --> 00:13:46,200 Speaker 3: member of NATO. Russia is not a member of NATO, 239 00:13:46,320 --> 00:13:51,080 Speaker 3: and so Vladimir Putin loves to see NATO getting rocked 240 00:13:51,160 --> 00:13:53,040 Speaker 3: or disturbed in any way. Now, you do have to 241 00:13:53,040 --> 00:13:55,839 Speaker 3: give Donald Trump some credit on the NATO front. Things 242 00:13:55,880 --> 00:13:59,360 Speaker 3: get sleepy in these organizations. And had Donald Trump not 243 00:13:59,480 --> 00:14:03,040 Speaker 3: shaken the cage and said, hey, you sleepy countries, you 244 00:14:03,120 --> 00:14:06,360 Speaker 3: got to pay up, and we saw more countries do so. Right, 245 00:14:06,480 --> 00:14:09,680 Speaker 3: we do have significantly more power than our European allies 246 00:14:09,760 --> 00:14:11,760 Speaker 3: like But I just think when Donald Trump and Pete 247 00:14:11,760 --> 00:14:15,400 Speaker 3: Hegseth say they can't touch our military mite, they're right. 248 00:14:15,600 --> 00:14:17,760 Speaker 3: But if all of those countries, and if all of 249 00:14:17,760 --> 00:14:20,760 Speaker 3: those investors, and if investors around the world say, you 250 00:14:20,800 --> 00:14:24,120 Speaker 3: know what, we're just gonna dump all of our positions 251 00:14:24,160 --> 00:14:27,800 Speaker 3: in US treasuries. We don't think you're the biggest safest 252 00:14:27,800 --> 00:14:29,080 Speaker 3: bet anymore, that would be. 253 00:14:29,120 --> 00:14:32,520 Speaker 1: Very bad, right, and it'll make money much more expensive 254 00:14:32,520 --> 00:14:35,640 Speaker 1: and it'll it'll change the way our whole country works. 255 00:14:35,880 --> 00:14:38,000 Speaker 1: But I want you to talk. I want to go back, 256 00:14:38,080 --> 00:14:40,480 Speaker 1: just for another second, on the new world order. So 257 00:14:40,680 --> 00:14:44,400 Speaker 1: Donald Trump comes in, he says, you know, we're gonna 258 00:14:44,400 --> 00:14:46,000 Speaker 1: go to war with Greenland. We're gonna do this. We're 259 00:14:46,000 --> 00:14:48,600 Speaker 1: gonna do that. Carney says, we are going The small 260 00:14:48,640 --> 00:14:51,280 Speaker 1: countries need to band together because if you're not at 261 00:14:51,320 --> 00:14:53,960 Speaker 1: the table, you're on the menu. Is it a new 262 00:14:54,000 --> 00:14:55,800 Speaker 1: world order coming out of Davos. 263 00:14:56,040 --> 00:14:57,960 Speaker 3: I don't know that it's a new world order because 264 00:14:58,000 --> 00:15:00,720 Speaker 3: Donald Trump can change his tune at any moment. And 265 00:15:00,760 --> 00:15:05,640 Speaker 3: the truth is all of these countries don't want the 266 00:15:05,680 --> 00:15:08,680 Speaker 3: world order changed, right. They're really unhappy with what Trump 267 00:15:08,720 --> 00:15:11,760 Speaker 3: is doing. But as much as Mark Karney could say, 268 00:15:11,760 --> 00:15:13,440 Speaker 3: we got to get together and do this on our own, 269 00:15:13,440 --> 00:15:16,160 Speaker 3: boys and girls, they'll do it if they have to, 270 00:15:16,720 --> 00:15:19,360 Speaker 3: they'll do it if Trump's threats are real. But they 271 00:15:19,360 --> 00:15:22,880 Speaker 3: don't want to, right. Like again, let's beak, it's expensive 272 00:15:23,240 --> 00:15:27,400 Speaker 3: these European most of these European leaders, they're not very popular. 273 00:15:27,640 --> 00:15:31,040 Speaker 3: Like they're dealing with the same political divides in their 274 00:15:31,080 --> 00:15:35,680 Speaker 3: countries that we are. They've got slower economic growth, than 275 00:15:35,720 --> 00:15:38,120 Speaker 3: we do. Right, take tourism out. A lot of those 276 00:15:38,160 --> 00:15:42,520 Speaker 3: countries are suffering. So could they band together and figure 277 00:15:42,520 --> 00:15:44,800 Speaker 3: out how they're going to do this? They could, but 278 00:15:44,880 --> 00:15:47,280 Speaker 3: they don't want to, right, And I think that's a 279 00:15:47,280 --> 00:15:47,840 Speaker 3: really good point. 280 00:15:47,920 --> 00:15:50,880 Speaker 1: And it's also it's expensive. It's a problem. You know, 281 00:15:50,920 --> 00:15:53,440 Speaker 1: there's all sorts of weird problems. I do want to 282 00:15:53,480 --> 00:15:57,560 Speaker 1: ask you though, like it does feel like America is 283 00:15:57,600 --> 00:16:01,600 Speaker 1: more isolated, especially coming into Davos to have Canada make 284 00:16:01,640 --> 00:16:05,560 Speaker 1: this deal with China for evs Mark Carney, like, Ben, 285 00:16:05,600 --> 00:16:09,760 Speaker 1: you have Canadians protesting not visiting America, Like, how much 286 00:16:09,800 --> 00:16:11,920 Speaker 1: do you think this actually affects our economy? 287 00:16:12,360 --> 00:16:15,760 Speaker 3: Listen? All of it is affecting our economy, right. Donald 288 00:16:15,800 --> 00:16:19,920 Speaker 3: Trump's number one economic policy has been the tariffs. Okay, 289 00:16:20,720 --> 00:16:25,000 Speaker 3: and what even happened last year? We saw ninety or 290 00:16:25,120 --> 00:16:28,640 Speaker 3: even more than ninety percent of the costs and curved 291 00:16:28,680 --> 00:16:32,400 Speaker 3: within the tariffs were from American businesses and American consumers. Right, 292 00:16:32,680 --> 00:16:34,880 Speaker 3: that way is on our economy. We're going to be 293 00:16:34,880 --> 00:16:39,040 Speaker 3: bringing back manufacturing jobs. We lost sixty eight thousand manufacturing jobs. 294 00:16:39,440 --> 00:16:42,440 Speaker 3: Now what you can say, yeah, but now the economic 295 00:16:42,480 --> 00:16:45,440 Speaker 3: outlook looks better. This year, the economic outlook looks better 296 00:16:46,040 --> 00:16:50,800 Speaker 3: thanks to AI. What we really have is this divided economy, 297 00:16:50,800 --> 00:16:53,040 Speaker 3: and other people have talked about it, this K economy, 298 00:16:53,080 --> 00:16:55,720 Speaker 3: and to me, coming out of last year going into 299 00:16:55,720 --> 00:17:00,000 Speaker 3: twenty twenty six, that K economy is only getting more exaggerated. 300 00:16:59,760 --> 00:17:03,000 Speaker 1: The KAY economy means that the big part of that 301 00:17:03,120 --> 00:17:06,920 Speaker 1: K is the twenty percent or ten percent of the richest. 302 00:17:07,440 --> 00:17:09,320 Speaker 1: Explain that, can you explain this? 303 00:17:09,359 --> 00:17:11,280 Speaker 3: It's the rich have gotten richer and the poor have 304 00:17:11,280 --> 00:17:15,120 Speaker 3: gotten poorer. Right, So, now the average age of a 305 00:17:15,160 --> 00:17:19,080 Speaker 3: first time home buyer is forty years old. If you're 306 00:17:19,119 --> 00:17:22,920 Speaker 3: someone who owns the home, if you're someone who owns assets, 307 00:17:22,920 --> 00:17:25,760 Speaker 3: who owns stocks, the value of all of those things 308 00:17:25,760 --> 00:17:27,719 Speaker 3: went up and up and up. But if you're not, 309 00:17:28,200 --> 00:17:30,160 Speaker 3: if you do not own a home, if you're somebody 310 00:17:30,160 --> 00:17:32,359 Speaker 3: who got out of college and you're saddled to college 311 00:17:32,400 --> 00:17:34,959 Speaker 3: debt and there's no jobs for you, you're suffering. If 312 00:17:35,000 --> 00:17:38,359 Speaker 3: you're somebody in America who inflation is truly making your 313 00:17:38,400 --> 00:17:41,280 Speaker 3: day to day to life more difficult, it's a problem. 314 00:17:41,560 --> 00:17:45,040 Speaker 3: This is how the spirit, this is, This is why 315 00:17:45,080 --> 00:17:49,040 Speaker 3: the same spirit elects Donald Trump in twenty sixteen and 316 00:17:49,160 --> 00:17:53,320 Speaker 3: Zaramumdani in twenty twenty five. Right, wildly different men. But 317 00:17:53,359 --> 00:17:56,240 Speaker 3: who are speaking to people saying are you left out? 318 00:17:56,240 --> 00:17:58,240 Speaker 3: And are you sick of this? The government doesn't work 319 00:17:58,280 --> 00:17:58,600 Speaker 3: for you? 320 00:17:59,119 --> 00:17:59,239 Speaker 1: Now? 321 00:17:59,320 --> 00:18:04,800 Speaker 3: The difference is that twenty twenty six Donald Trump, I 322 00:18:04,840 --> 00:18:08,439 Speaker 3: don't even think he attempts to speak to or deliver 323 00:18:08,640 --> 00:18:13,560 Speaker 3: for his base. Donald Trump is not running again. He 324 00:18:13,680 --> 00:18:16,199 Speaker 3: is making right. New York Times, you know, reported that 325 00:18:16,240 --> 00:18:18,160 Speaker 3: in the last year he made one point four billion 326 00:18:18,200 --> 00:18:21,679 Speaker 3: dollars personally. I would venture a guest the number is 327 00:18:21,760 --> 00:18:26,120 Speaker 3: significantly higher than that. Yeah, And he is surrounded by 328 00:18:26,240 --> 00:18:30,040 Speaker 3: really what have become American oligarchs, how wealthy the wealthiest 329 00:18:30,200 --> 00:18:34,240 Speaker 3: ring of people have become. And what Donald Trump isn't 330 00:18:34,240 --> 00:18:37,320 Speaker 3: addressing or talking about, right? Is he saying anything to 331 00:18:37,400 --> 00:18:42,080 Speaker 3: us truly about healthcare? No, he's not. No, inflation is cooling, 332 00:18:42,119 --> 00:18:44,679 Speaker 3: but it's but we're not in good shape. All of 333 00:18:44,720 --> 00:18:47,800 Speaker 3: these issues that affect the American people the root of maga. 334 00:18:47,880 --> 00:18:50,399 Speaker 3: Let's stop focusing on the outside and start focusing on 335 00:18:50,440 --> 00:18:53,520 Speaker 3: the inside. We're not doing that, and so it's going 336 00:18:53,600 --> 00:18:56,440 Speaker 3: to be so interesting to see, like true maga zealots 337 00:18:57,400 --> 00:19:00,320 Speaker 3: love all things Donald Trump love his brand. But people 338 00:19:00,320 --> 00:19:02,720 Speaker 3: who voted for him, who were just sick of the system, 339 00:19:03,160 --> 00:19:06,359 Speaker 3: he's not keeping them. And then there's that one other group. 340 00:19:06,400 --> 00:19:08,479 Speaker 3: You know, last weekend, I was driving in upstate New 341 00:19:08,520 --> 00:19:11,440 Speaker 3: York and there was some sort of Trump nation flags 342 00:19:11,520 --> 00:19:13,439 Speaker 3: and then you know further ones, you know, just like 343 00:19:14,119 --> 00:19:18,200 Speaker 3: free speech. Now, I just keep thinking about free speech. Now, 344 00:19:19,200 --> 00:19:22,199 Speaker 3: one thing that came out of Davos, what are business 345 00:19:22,280 --> 00:19:27,160 Speaker 3: leaders doing self censoring? Davos is the one place where 346 00:19:27,160 --> 00:19:29,920 Speaker 3: they love to get on the stage voice their opinions 347 00:19:29,960 --> 00:19:34,320 Speaker 3: about anything. Everything. They're you know, blah blah blah. They're 348 00:19:34,400 --> 00:19:37,679 Speaker 3: quiet as a church mouse, right because these business leaders 349 00:19:37,720 --> 00:19:40,679 Speaker 3: know they're in a tricky position, right, they need to 350 00:19:40,720 --> 00:19:44,800 Speaker 3: serve their customers, they need to serve their shareholders. And 351 00:19:44,880 --> 00:19:48,160 Speaker 3: if you say anything against the president, he's coming for you. 352 00:19:48,440 --> 00:19:54,000 Speaker 3: And we saw this in Cold Blood Diamond. So Jamie Diamond, 353 00:19:54,240 --> 00:19:58,280 Speaker 3: who is the lead who's far, far, far far from woke, 354 00:19:58,760 --> 00:20:01,639 Speaker 3: right far from woke. In fact, I even said he 355 00:20:01,960 --> 00:20:03,680 Speaker 3: liked Trump's stuff on immigration. 356 00:20:03,960 --> 00:20:04,200 Speaker 1: Right. 357 00:20:04,680 --> 00:20:08,560 Speaker 3: Yes, this time last year, he spoke in Davos and 358 00:20:08,680 --> 00:20:11,639 Speaker 3: basically compared the far right to the far left and 359 00:20:11,680 --> 00:20:14,360 Speaker 3: said the far left needs to stop talking so crazy 360 00:20:14,440 --> 00:20:17,040 Speaker 3: and people were super upset about him. But this week 361 00:20:17,359 --> 00:20:21,200 Speaker 3: he spoke some plain truths and set about ice right 362 00:20:21,320 --> 00:20:24,879 Speaker 3: about saying he liked that Donald Trump was closing the border, 363 00:20:25,000 --> 00:20:28,200 Speaker 3: and lots of people do, but he said, watching five 364 00:20:28,280 --> 00:20:31,240 Speaker 3: grown men tackle a woman on her way to work, 365 00:20:31,560 --> 00:20:34,000 Speaker 3: I don't think so, right, So he spoke out against that. 366 00:20:34,280 --> 00:20:36,680 Speaker 3: Then one of Donald Trump's, you know, sort of new 367 00:20:36,720 --> 00:20:41,760 Speaker 3: ideas on affordability is to cap credit card rates. Okay, 368 00:20:41,840 --> 00:20:43,680 Speaker 3: so you're not going to pay high interest rates, and 369 00:20:43,800 --> 00:20:46,920 Speaker 3: Jamie Diamond said, great, that will lead to economic disaster 370 00:20:47,200 --> 00:20:51,040 Speaker 3: because if they cap credit card rates, credit card companies say, okay, fine, 371 00:20:51,240 --> 00:20:53,920 Speaker 3: but then they're just not going to extend credit the 372 00:20:53,920 --> 00:20:56,240 Speaker 3: lots and lots of Americans. Right if you have a 373 00:20:56,240 --> 00:20:58,760 Speaker 3: lower credit rating, they're going to say, sorry, it's too 374 00:20:58,800 --> 00:21:01,280 Speaker 3: risky for me to lend to you. And then the 375 00:21:01,320 --> 00:21:04,480 Speaker 3: third thing that Jamie Diamond did was when all of 376 00:21:04,520 --> 00:21:08,560 Speaker 3: the companies, my parent company included, ponied up ten twenty 377 00:21:08,840 --> 00:21:12,480 Speaker 3: thirty million dollars for the East Wing ballroom, Jamie Diamond 378 00:21:12,480 --> 00:21:16,240 Speaker 3: said no. He said no, because whomever the next administration is, 379 00:21:16,240 --> 00:21:18,800 Speaker 3: if they're not Republicans, they're gonna come and see all 380 00:21:18,840 --> 00:21:21,680 Speaker 3: of us that this is some kind of crooked bribery, right, 381 00:21:21,720 --> 00:21:25,480 Speaker 3: And what ifid Trump do? He goes and sues the biggest, 382 00:21:25,520 --> 00:21:28,760 Speaker 3: baddest CEO out there, and I guarantee lots of other 383 00:21:28,800 --> 00:21:32,359 Speaker 3: business leaders are like, shit, shoot, you know, Jamie Diamond's 384 00:21:32,359 --> 00:21:35,120 Speaker 3: getting sued for five billion dollars, like there are there's 385 00:21:35,320 --> 00:21:40,320 Speaker 3: few CEOs out there that sort of have the kahonas 386 00:21:40,400 --> 00:21:43,399 Speaker 3: the power Jamie Diamond does. So loads of others are 387 00:21:43,440 --> 00:21:45,080 Speaker 3: looking from the wings saying, I'm going to keep my 388 00:21:45,119 --> 00:21:48,040 Speaker 3: mouth shut, in my head down. And that's really scary 389 00:21:48,119 --> 00:21:50,560 Speaker 3: when people don't stand up for the truth, when they 390 00:21:50,560 --> 00:21:53,320 Speaker 3: don't stand up for democracy, they don't say things are whack. 391 00:21:53,520 --> 00:21:57,080 Speaker 3: Do you remember how outspoken Jeff Bezos was about saying 392 00:21:57,400 --> 00:22:01,160 Speaker 3: Joe Biden didn't understand inflation. As Jeff Bezos said about 393 00:22:01,160 --> 00:22:04,160 Speaker 3: Donald Trump's understanding of the economy, because we just heard 394 00:22:04,600 --> 00:22:06,760 Speaker 3: from Amazon that we're going to start to see the 395 00:22:06,800 --> 00:22:10,240 Speaker 3: impact of tariffs on their prices, where are you, Jeff Bezos? 396 00:22:11,040 --> 00:22:14,720 Speaker 1: Yeah, it's a good question. And remember Amazon had wanted 397 00:22:15,119 --> 00:22:18,440 Speaker 1: to have a little tariff calculator and then Trump had 398 00:22:18,440 --> 00:22:18,879 Speaker 1: said no. 399 00:22:19,480 --> 00:22:21,199 Speaker 3: Remember they said forget and forget it, We're not going 400 00:22:21,280 --> 00:22:21,760 Speaker 3: to do it. 401 00:22:21,960 --> 00:22:24,040 Speaker 1: I think it's so interesting when you're talking about like 402 00:22:24,080 --> 00:22:27,920 Speaker 1: these billionaires not being brave, being scared. Earlier today I 403 00:22:27,960 --> 00:22:32,359 Speaker 1: did Morning Joe. When I was talking to Senator Richard Blumithal, 404 00:22:32,440 --> 00:22:34,600 Speaker 1: I'm saying, you know, does anyone stand up to him 405 00:22:35,000 --> 00:22:37,480 Speaker 1: in the Senate And he was saying no. But then 406 00:22:37,600 --> 00:22:39,840 Speaker 1: he said tothing which I thought was really interesting, which 407 00:22:39,880 --> 00:22:42,080 Speaker 1: was he said, you know, they said Greenland doesn't know, 408 00:22:42,600 --> 00:22:45,119 Speaker 1: like there are certain things that they were like, you 409 00:22:45,200 --> 00:22:45,760 Speaker 1: can't do that. 410 00:22:46,080 --> 00:22:48,600 Speaker 3: So when Greenland was like really on the table this week, 411 00:22:49,119 --> 00:22:52,960 Speaker 3: I was speed dialing all my sources in the headsphone community. 412 00:22:53,320 --> 00:22:58,640 Speaker 3: They wrapped themselves in pretzels to defend fending Trump. Yeah, 413 00:22:58,680 --> 00:23:01,720 Speaker 3: and let me tell you, I was dialing up one 414 00:23:01,800 --> 00:23:06,199 Speaker 3: eight hundred Greenland like hey, and nobody, and people are 415 00:23:06,240 --> 00:23:09,840 Speaker 3: avoiding my calls. They're dogging at their homework. Nobody wanted to, 416 00:23:09,840 --> 00:23:13,040 Speaker 3: I mean, because they just know it makes absolutely no sense. 417 00:23:13,080 --> 00:23:15,879 Speaker 3: And even while if you make the argument, well they 418 00:23:15,920 --> 00:23:19,800 Speaker 3: have these rare earth minerals, we can still get them 419 00:23:20,119 --> 00:23:25,200 Speaker 3: like it just and so I think Trump more than blanked. 420 00:23:25,760 --> 00:23:31,160 Speaker 3: He was embarrassed. They sure Stephen Miller's wife could make 421 00:23:31,200 --> 00:23:34,399 Speaker 3: a post that shows, oh my gosh, what if we 422 00:23:34,480 --> 00:23:37,439 Speaker 3: had this country in this country and what would that 423 00:23:37,520 --> 00:23:39,960 Speaker 3: map look like? And Donald Trump, can you know, have 424 00:23:40,000 --> 00:23:42,760 Speaker 3: a picture of you know, American flag on Canada, American 425 00:23:42,760 --> 00:23:46,159 Speaker 3: flag on Greenland, American flag on Venezuela. And then the 426 00:23:46,240 --> 00:23:50,199 Speaker 3: business community is saying, what why would we need to 427 00:23:50,280 --> 00:23:53,399 Speaker 3: do that. We're already getting everything we want, and forget 428 00:23:53,400 --> 00:23:56,919 Speaker 3: the business community, Marda, go back to to you know, 429 00:23:56,960 --> 00:24:01,440 Speaker 3: the original Marjorie Taylor green Maga wasn't the whole idea. 430 00:24:01,560 --> 00:24:04,280 Speaker 3: We wanted to cut off usaid because we didn't care 431 00:24:04,320 --> 00:24:08,000 Speaker 3: about other countries, right, right, we don't care about other countries. 432 00:24:08,000 --> 00:24:10,480 Speaker 3: We don't care about wars and other countries. We wouldn't 433 00:24:10,480 --> 00:24:13,760 Speaker 3: care about eight in other countries. It's America. It's America first. 434 00:24:14,160 --> 00:24:18,520 Speaker 3: And you could not make a kojun argument around why 435 00:24:18,800 --> 00:24:22,600 Speaker 3: Greenland made sense. But to the point about silenced billionaires, 436 00:24:23,240 --> 00:24:26,000 Speaker 3: think about how different the world is, right. Donald Trump 437 00:24:26,080 --> 00:24:27,879 Speaker 3: even said in his remarks at the White House the 438 00:24:27,960 --> 00:24:31,000 Speaker 3: day before he left Davos, he was half joking about 439 00:24:31,000 --> 00:24:33,320 Speaker 3: the Gulf of Mexico and he said, well, it's Golf 440 00:24:33,320 --> 00:24:35,679 Speaker 3: of America. I actually wanted to be the Gulf of Trump. 441 00:24:36,200 --> 00:24:37,800 Speaker 3: But you know I would have gotten killed for that. 442 00:24:38,520 --> 00:24:42,439 Speaker 3: This is how far he's come and how quiet and 443 00:24:42,560 --> 00:24:46,840 Speaker 3: accepting we have become. Trump one point zero, you had 444 00:24:46,880 --> 00:24:49,080 Speaker 3: apartment buildings in New York City. 445 00:24:49,160 --> 00:24:50,160 Speaker 1: Stripping his name. 446 00:24:51,160 --> 00:24:56,399 Speaker 3: Yeah, people who lived who pulling down the Trump taking 447 00:24:56,440 --> 00:24:58,280 Speaker 3: his name off at links because they didn't want to 448 00:24:58,280 --> 00:25:01,159 Speaker 3: be there. And now it's like, well, let Trump be Trump. 449 00:25:01,240 --> 00:25:03,240 Speaker 3: Just pull up the Gulf of Trump. I mean, call 450 00:25:03,280 --> 00:25:04,280 Speaker 3: it the Gulf of America. 451 00:25:04,400 --> 00:25:07,240 Speaker 1: But I believe, and I could be wrong, but from 452 00:25:07,280 --> 00:25:09,560 Speaker 1: looking at the polling and looking at this sort of 453 00:25:09,600 --> 00:25:13,080 Speaker 1: pushback that we're seeing in places like Minnesota, I actually 454 00:25:13,119 --> 00:25:15,879 Speaker 1: think what we have here is an elite that is 455 00:25:15,920 --> 00:25:18,960 Speaker 1: willing to go along to get along, billionaires who are 456 00:25:18,960 --> 00:25:23,159 Speaker 1: happy to do it, politicians who are pathetic, sick of fans, 457 00:25:23,440 --> 00:25:25,879 Speaker 1: but that actually the American people are not happy. 458 00:25:26,600 --> 00:25:26,879 Speaker 4: Okay. 459 00:25:26,920 --> 00:25:28,920 Speaker 3: And then there's another group. I think you're one hundred 460 00:25:28,960 --> 00:25:31,560 Speaker 3: percent right, And I'm gonna go to those billionaires first 461 00:25:31,600 --> 00:25:35,199 Speaker 3: for a second, even though so many of them know 462 00:25:35,320 --> 00:25:40,440 Speaker 3: better those that are truly in that circle. Molly, these 463 00:25:40,480 --> 00:25:43,959 Speaker 3: people are making so much money. 464 00:25:44,320 --> 00:25:47,200 Speaker 1: Yep, it's the taxes it's more. 465 00:25:47,240 --> 00:25:50,080 Speaker 3: It's more than the taxes. It's the taxes. It's a 466 00:25:50,160 --> 00:25:52,440 Speaker 3: it's a hype dealer. I mean, I was talking to 467 00:25:52,840 --> 00:25:54,919 Speaker 3: a business guy I knew for years who's like, well, 468 00:25:55,119 --> 00:25:57,760 Speaker 3: I'm focused really in Baku now, and I'm like where 469 00:26:00,200 --> 00:26:02,159 Speaker 3: you know, Oh, I'm working with wit Coffin work with 470 00:26:02,160 --> 00:26:06,439 Speaker 3: There are so many right, the John Coptions of the 471 00:26:06,480 --> 00:26:11,640 Speaker 3: world are making so much money Russia style that they're 472 00:26:11,680 --> 00:26:16,400 Speaker 3: all in Okay, Cantor Fitzgerald has Howard Lutnox firm has 473 00:26:16,520 --> 00:26:19,440 Speaker 3: never made as much money as that. I mean, when 474 00:26:19,440 --> 00:26:21,720 Speaker 3: you joked, I would not to hear. 475 00:26:22,280 --> 00:26:26,840 Speaker 1: Wouldn't you love Thomas New York Sorry, go on, wouldn't you. 476 00:26:26,760 --> 00:26:30,440 Speaker 3: Love to know who had inside information, who had early 477 00:26:30,520 --> 00:26:33,320 Speaker 3: information on what Trump was going to announce about Greenland 478 00:26:33,320 --> 00:26:35,160 Speaker 3: this week? I would churel like to know. So there's 479 00:26:35,160 --> 00:26:38,640 Speaker 3: that group. But I actually think the group and they 480 00:26:38,640 --> 00:26:41,399 Speaker 3: don't want to admit it, that really is in a 481 00:26:41,400 --> 00:26:45,800 Speaker 3: tricky seat. Our corporate leaders, yeah, right, are our law 482 00:26:45,840 --> 00:26:49,679 Speaker 3: firms because they do watch polling, they do take the pulse, 483 00:26:50,119 --> 00:26:54,000 Speaker 3: so so they need to figure out So they need 484 00:26:54,040 --> 00:26:58,320 Speaker 3: to figure out how do I not alienate Trump? But 485 00:26:58,440 --> 00:27:01,520 Speaker 3: how do I get how do I get with where 486 00:27:01,560 --> 00:27:07,560 Speaker 3: the future is going? Because again, most CEOs, what their 487 00:27:07,600 --> 00:27:11,320 Speaker 3: political views are are for the most part kept private. 488 00:27:11,680 --> 00:27:13,280 Speaker 3: They have three things they need to do right. They 489 00:27:13,280 --> 00:27:15,119 Speaker 3: need their customers to keep buying their products. They need 490 00:27:15,119 --> 00:27:17,600 Speaker 3: their employees not to quit, and they need their shareholders smiling. 491 00:27:17,760 --> 00:27:19,960 Speaker 3: And they don't want to weigh in on politics. It's 492 00:27:20,000 --> 00:27:22,840 Speaker 3: gotten so difficult. They're forced too. But now things are 493 00:27:22,880 --> 00:27:27,000 Speaker 3: tricky because you have a president who is demanding money 494 00:27:27,119 --> 00:27:31,680 Speaker 3: and loyalty and public praise, and he's falling further and further. 495 00:27:31,720 --> 00:27:33,600 Speaker 3: I mean, what's his approval rating right now, thirty two 496 00:27:33,720 --> 00:27:34,280 Speaker 3: thirty five. 497 00:27:34,320 --> 00:27:37,199 Speaker 1: It's the lowest. I mean, it's pretty much it's a 498 00:27:37,280 --> 00:27:40,320 Speaker 1: race to the bottom. Step roll. That was really fun. 499 00:27:40,400 --> 00:27:40,960 Speaker 1: You're the best. 500 00:27:41,000 --> 00:27:41,840 Speaker 3: I'll see you later. 501 00:27:43,960 --> 00:27:46,920 Speaker 1: Row Hit Chopra is the former director of the Consumer 502 00:27:47,000 --> 00:27:51,240 Speaker 1: Financial Protection Bureau. Welcome to Bass. 503 00:27:50,920 --> 00:27:53,080 Speaker 4: Politics, Rowhead, Thanks so much for having me. 504 00:27:53,320 --> 00:27:59,120 Speaker 1: Everything is bad, but let's talk about Trump is laser 505 00:27:59,160 --> 00:28:03,160 Speaker 1: focused on affordability, and he's going to cap credit card 506 00:28:03,280 --> 00:28:06,679 Speaker 1: rates at ten percent, even though that's not something you 507 00:28:06,720 --> 00:28:10,400 Speaker 1: can really do by executive order. Talk us through what 508 00:28:10,440 --> 00:28:11,400 Speaker 1: the hell is happening. 509 00:28:11,720 --> 00:28:14,159 Speaker 4: Well, here's what's going on. I think Trump and the 510 00:28:14,200 --> 00:28:17,680 Speaker 4: White House are seeing that the walls are closing in 511 00:28:17,760 --> 00:28:22,280 Speaker 4: on them on almost every indicator. Prices are going up 512 00:28:22,320 --> 00:28:26,840 Speaker 4: for people, debt is going up on employment has been 513 00:28:26,920 --> 00:28:31,679 Speaker 4: ticking up, and I think they're scrambling to say anything 514 00:28:32,000 --> 00:28:35,320 Speaker 4: that will make people think that they are actually focused 515 00:28:35,560 --> 00:28:40,000 Speaker 4: on people's paychecks and day to day living. So here's 516 00:28:40,040 --> 00:28:42,640 Speaker 4: what we heard. We heard this on the campaign too, 517 00:28:42,800 --> 00:28:45,960 Speaker 4: by the way, that Donald Trump was going to cap 518 00:28:46,480 --> 00:28:51,040 Speaker 4: credit card interest rates at ten percent, a one year 519 00:28:51,200 --> 00:28:54,880 Speaker 4: emergency cap. Here's what people are dealing with. Every year, 520 00:28:54,920 --> 00:28:59,480 Speaker 4: people are paying one hundred and sixty billion dollars in interest. 521 00:28:59,760 --> 00:29:03,960 Speaker 4: For you, that's four hundred million dollars a day. In reality, 522 00:29:04,000 --> 00:29:06,960 Speaker 4: though Trump has not really been caring so much about 523 00:29:07,000 --> 00:29:11,360 Speaker 4: people's credit card debts. He's essentially shut down the agency 524 00:29:11,440 --> 00:29:15,880 Speaker 4: eye led the CFPB no more oversight over the credit 525 00:29:15,920 --> 00:29:20,800 Speaker 4: card companies. He's rubber stamped mergers between credit card giants, 526 00:29:20,840 --> 00:29:25,800 Speaker 4: and even rescinded rules that covered credit card companies that 527 00:29:25,840 --> 00:29:30,280 Speaker 4: would stop them from harvesting illegal fees. So we have 528 00:29:30,360 --> 00:29:33,000 Speaker 4: to really look at the talk and the action, and 529 00:29:33,040 --> 00:29:36,920 Speaker 4: the action does not suggest that they're doing much to 530 00:29:37,040 --> 00:29:38,280 Speaker 4: lower costs for people. 531 00:29:38,560 --> 00:29:42,320 Speaker 1: Yeah, so let's do more on that subject, because there 532 00:29:42,320 --> 00:29:46,160 Speaker 1: are all sorts of consumer protections that Trump has taken away, right, 533 00:29:46,320 --> 00:29:47,160 Speaker 1: talk us through that. 534 00:29:47,920 --> 00:29:51,520 Speaker 4: Well, we have laws on the books that really stop 535 00:29:51,640 --> 00:29:55,840 Speaker 4: people from getting gouged on certain types of goods like 536 00:29:55,920 --> 00:30:00,959 Speaker 4: insurance and financial products. But the Trump administration has essentially 537 00:30:01,160 --> 00:30:05,880 Speaker 4: put all of the law enforcement agencies that police these 538 00:30:05,920 --> 00:30:09,720 Speaker 4: companies into a coma. We have seen, for example, not 539 00:30:09,880 --> 00:30:15,280 Speaker 4: a single meaningful action from the CFPB before they were 540 00:30:15,280 --> 00:30:19,320 Speaker 4: collecting billions of dollars in refunds and taking banks and 541 00:30:19,400 --> 00:30:23,800 Speaker 4: big financial companies to court. The FTC led by Lena 542 00:30:23,920 --> 00:30:28,320 Speaker 4: Kahn before is doing nothing. We are seeing instead just 543 00:30:28,440 --> 00:30:31,520 Speaker 4: so many ways in which prices are going up, junk 544 00:30:31,560 --> 00:30:34,920 Speaker 4: fees are going up, ripoffs are going up, and I 545 00:30:34,960 --> 00:30:38,120 Speaker 4: think companies are seeing there will be no consequences if 546 00:30:38,120 --> 00:30:38,880 Speaker 4: they break the law. 547 00:30:39,360 --> 00:30:42,360 Speaker 1: Right, So, yeah, this is a sort of post to 548 00:30:42,520 --> 00:30:47,640 Speaker 1: law America, right, post legal Trump is you know. Trump 549 00:30:47,720 --> 00:30:54,239 Speaker 1: also made some overtures towards Massachusetts Senator Elizabeth Warren. He 550 00:30:54,280 --> 00:30:57,040 Speaker 1: talked on the phone to her about affordability. What do 551 00:30:57,080 --> 00:30:58,880 Speaker 1: you think is happening here? You think this is just 552 00:30:58,960 --> 00:31:02,920 Speaker 1: a like a dumb Floyd because he knows his numbers 553 00:31:02,920 --> 00:31:06,479 Speaker 1: are underwater, or you think there's some sense in which 554 00:31:07,080 --> 00:31:10,600 Speaker 1: he feels that there's some reason to pivot. 555 00:31:11,040 --> 00:31:14,160 Speaker 4: Well, I think he sees the numbers. He sees what 556 00:31:14,280 --> 00:31:18,680 Speaker 4: is happening. His economic program isn't really working. The tariffs 557 00:31:18,720 --> 00:31:22,880 Speaker 4: haven't brought back, all sorts of manufacturing costs have not 558 00:31:23,080 --> 00:31:26,440 Speaker 4: conned down. I don't know what his calculus is, to 559 00:31:26,520 --> 00:31:30,600 Speaker 4: be honest, if he wants to support this great I 560 00:31:30,600 --> 00:31:35,239 Speaker 4: think he probably knows that Republicans in Congress will block it. 561 00:31:35,760 --> 00:31:39,880 Speaker 4: Many of these politicians will just go with whatever some 562 00:31:39,920 --> 00:31:43,760 Speaker 4: of these big companies want. So the record though, on 563 00:31:43,840 --> 00:31:47,720 Speaker 4: what he does have control over what those agencies are doing, 564 00:31:48,000 --> 00:31:52,400 Speaker 4: what his DOJ is doing. They are mostly engaged in 565 00:31:52,520 --> 00:31:57,840 Speaker 4: corporate pardons. They are ripping up settlements from years past. 566 00:31:58,320 --> 00:32:03,160 Speaker 4: They are blocking investment negations, they are censoring the attorneys 567 00:32:03,400 --> 00:32:06,960 Speaker 4: who were doing the work. So it seems like a 568 00:32:07,000 --> 00:32:10,240 Speaker 4: ploy to me. If they really want to be able 569 00:32:10,320 --> 00:32:13,880 Speaker 4: to do something, maybe they should actually pass something. But 570 00:32:13,920 --> 00:32:17,360 Speaker 4: they haven't done any of that yet. He also came 571 00:32:17,400 --> 00:32:22,480 Speaker 4: out in favor of blocking big private equity investors from 572 00:32:22,520 --> 00:32:26,000 Speaker 4: buying up homes it's actually a worthy point of discussion 573 00:32:26,520 --> 00:32:30,040 Speaker 4: about whether those investors should be able to be vultures 574 00:32:30,720 --> 00:32:34,360 Speaker 4: and buy up all the housing. But the reality is 575 00:32:34,360 --> 00:32:37,760 Speaker 4: is that he's not actually going to block that. So 576 00:32:37,840 --> 00:32:41,280 Speaker 4: I think maybe people are seeing that he'll say it, 577 00:32:41,520 --> 00:32:44,440 Speaker 4: but his actions don't match his words. 578 00:32:44,840 --> 00:32:51,000 Speaker 1: You have really spent a lot of time working on 579 00:32:51,640 --> 00:32:53,880 Speaker 1: this kind of thing. When you were at CFPD, you 580 00:32:53,960 --> 00:32:58,320 Speaker 1: rang the alarm about why industrial banks are so risky 581 00:32:58,360 --> 00:33:01,320 Speaker 1: to the financial system, explained, I mean to us what 582 00:33:01,360 --> 00:33:04,239 Speaker 1: that is, because we're in a really interesting moment when 583 00:33:04,280 --> 00:33:09,360 Speaker 1: it comes to banks and the banks versus crypto, etc. 584 00:33:09,720 --> 00:33:10,680 Speaker 1: So this is interesting. 585 00:33:11,320 --> 00:33:15,120 Speaker 4: Yeah, So here's what we heard yesterday the Trump administration, 586 00:33:15,320 --> 00:33:21,080 Speaker 4: the fdi C they greenlit these new types of banks 587 00:33:21,400 --> 00:33:26,880 Speaker 4: known as industrial banks. Its banks owned by conglomerates. In 588 00:33:26,880 --> 00:33:31,479 Speaker 4: this case, GM and Ford are now getting banks. We 589 00:33:31,560 --> 00:33:35,320 Speaker 4: know the history with GM, when it gambled like a 590 00:33:35,360 --> 00:33:39,200 Speaker 4: Wall Street player. Not only did they become less focused 591 00:33:39,280 --> 00:33:45,480 Speaker 4: on producing automobiles, they engage in extremely risky financial practices 592 00:33:46,120 --> 00:33:49,760 Speaker 4: that ended up being caught up in a financial crisis, 593 00:33:49,800 --> 00:33:53,800 Speaker 4: and ultimately a lot of those big financial firms were 594 00:33:53,840 --> 00:33:57,480 Speaker 4: bailed out by all of us. So we are starting 595 00:33:57,560 --> 00:34:01,400 Speaker 4: to see how they are bring back some of the 596 00:34:01,440 --> 00:34:05,840 Speaker 4: basic safeguards to make sure that these financial companies don't 597 00:34:06,000 --> 00:34:10,680 Speaker 4: blow up and instead pumping up short term profits. And 598 00:34:10,719 --> 00:34:13,839 Speaker 4: here's what I worry, Molly, is that when they do 599 00:34:13,960 --> 00:34:17,840 Speaker 4: go down, they're going to expect all of us to 600 00:34:17,960 --> 00:34:20,839 Speaker 4: pay for the cleanup. That's exactly what happened in two 601 00:34:20,880 --> 00:34:25,760 Speaker 4: thousand and eight. That's exactly what has exacerbated wealth inequality, 602 00:34:26,200 --> 00:34:30,879 Speaker 4: and frankly, that's exactly what has created more power by 603 00:34:30,880 --> 00:34:33,960 Speaker 4: some of these big financial players in our political system. 604 00:34:34,320 --> 00:34:39,120 Speaker 1: So let's talk about there's so little oversight happening in 605 00:34:39,160 --> 00:34:44,120 Speaker 1: Trump's post legal America. It seems like besides these banks, 606 00:34:44,160 --> 00:34:47,200 Speaker 1: you also have this crypto story, which is a real problem. 607 00:34:47,600 --> 00:34:50,160 Speaker 1: How worried are you about that and the lack of 608 00:34:50,200 --> 00:34:51,040 Speaker 1: regulation there. 609 00:34:51,560 --> 00:34:55,680 Speaker 4: Well, here's what we're seeing is a fundamental shift away 610 00:34:55,760 --> 00:34:59,960 Speaker 4: from how we think about banks and finance in America. 611 00:35:00,120 --> 00:35:03,080 Speaker 4: Here's how we used to think about it. We used 612 00:35:03,080 --> 00:35:06,880 Speaker 4: to think that banks and financial companies there's opposed to 613 00:35:07,000 --> 00:35:10,880 Speaker 4: lend to small businesses, to people who want to buy homes. 614 00:35:11,360 --> 00:35:17,560 Speaker 4: What we're seeing is instead more and more capital moving 615 00:35:17,680 --> 00:35:23,680 Speaker 4: towards pure speculation, dumping money into hedge funds to be 616 00:35:23,760 --> 00:35:27,400 Speaker 4: able to gamble with it in some of these crypto 617 00:35:27,560 --> 00:35:32,759 Speaker 4: investment vehicles, pure speculation, and what we're seeing is that 618 00:35:32,920 --> 00:35:35,839 Speaker 4: they want to bring more of that so that it's 619 00:35:35,920 --> 00:35:40,879 Speaker 4: guaranteed by all of us. So I think we got 620 00:35:40,880 --> 00:35:45,520 Speaker 4: to watch this carefully because we're also seeing signs that 621 00:35:45,680 --> 00:35:50,319 Speaker 4: some of the president's family are in directly have financial 622 00:35:50,400 --> 00:35:55,360 Speaker 4: interests in some of these financial companies, crypto coin issuers 623 00:35:55,400 --> 00:35:59,319 Speaker 4: and others. And Molly, I'm really worried that part of 624 00:35:59,360 --> 00:36:03,120 Speaker 4: the story about Trump's attempt to take over the Federal 625 00:36:03,200 --> 00:36:07,320 Speaker 4: Reserve is also so that he will have the power 626 00:36:07,920 --> 00:36:12,600 Speaker 4: for the Fed to buy up assets and bail his 627 00:36:12,760 --> 00:36:15,480 Speaker 4: friends out when things go bust. 628 00:36:16,040 --> 00:36:18,839 Speaker 1: But how would he do that if there are all 629 00:36:18,880 --> 00:36:21,280 Speaker 1: these different governors in the bad Well. 630 00:36:21,160 --> 00:36:23,319 Speaker 4: Here's what's happened now here right now, there are a 631 00:36:23,400 --> 00:36:27,560 Speaker 4: few that he has already appointed. Many believe that they 632 00:36:27,560 --> 00:36:33,480 Speaker 4: are already signaling loyalty toward him. He's trying to remove 633 00:36:34,320 --> 00:36:39,080 Speaker 4: Lisa Cook, He's launched a criminal investigation against j Powell. 634 00:36:39,480 --> 00:36:42,920 Speaker 4: The markets do see that he will get it, will 635 00:36:43,040 --> 00:36:46,399 Speaker 4: likely get a majority of that board. Once he has 636 00:36:46,440 --> 00:36:49,440 Speaker 4: a majority of that board, and he recently said he 637 00:36:49,560 --> 00:36:53,640 Speaker 4: essentially is expecting loyalty from them. They will have an 638 00:36:53,760 --> 00:36:56,440 Speaker 4: enormous amount of power. Many of these economists focus a 639 00:36:56,480 --> 00:36:59,480 Speaker 4: lot on how they can control interest rates, but they 640 00:36:59,520 --> 00:37:03,720 Speaker 4: really get to set the price and supply of money. 641 00:37:03,760 --> 00:37:07,680 Speaker 4: They get to choose who's in the banking system. They're 642 00:37:07,760 --> 00:37:12,520 Speaker 4: supposed to oversee money laundering and sanctions, so they really 643 00:37:12,600 --> 00:37:15,600 Speaker 4: can turn a blind eye to some they can debank 644 00:37:15,719 --> 00:37:19,800 Speaker 4: their enemies, they can rubber stamp approval for their friends. 645 00:37:20,200 --> 00:37:22,799 Speaker 4: And this is something that we all have to pay 646 00:37:22,840 --> 00:37:23,440 Speaker 4: attention to. 647 00:37:23,800 --> 00:37:27,640 Speaker 1: What can we do as just besides paying attention to it. 648 00:37:27,719 --> 00:37:32,120 Speaker 4: Well, ultimately we'd like to see an opposition fight some 649 00:37:32,200 --> 00:37:35,440 Speaker 4: of the confirmations of those who are essentially going to 650 00:37:35,440 --> 00:37:38,920 Speaker 4: be loyalists and minions to the president. We also probably 651 00:37:39,040 --> 00:37:44,279 Speaker 4: need a meaningful reform plan so that these institutions cannot 652 00:37:44,320 --> 00:37:48,400 Speaker 4: have so much power that the president can weaponize it. 653 00:37:48,600 --> 00:37:51,600 Speaker 4: But also, Molly, I have to tell you a lot 654 00:37:51,640 --> 00:37:56,160 Speaker 4: of these companies are just going along with it. They're 655 00:37:56,239 --> 00:38:00,600 Speaker 4: donating to a ballroom, They're making sure that that they 656 00:38:00,600 --> 00:38:04,640 Speaker 4: are in good graces with the president. Apple gave the 657 00:38:04,680 --> 00:38:08,200 Speaker 4: president I think a golden iPhone. There has to be 658 00:38:08,280 --> 00:38:11,640 Speaker 4: consequences for some of this, and I think that people 659 00:38:11,680 --> 00:38:15,920 Speaker 4: need to signal now that this type of wrongdoing is 660 00:38:15,960 --> 00:38:18,800 Speaker 4: not just going to come with no consequences later. 661 00:38:19,120 --> 00:38:22,800 Speaker 1: That's a real question. Do you think Democrats are prepared 662 00:38:23,040 --> 00:38:28,080 Speaker 1: for what happens if they win elections and take back power. 663 00:38:28,520 --> 00:38:32,480 Speaker 4: Well, I think here's what many Republicans are counting on 664 00:38:32,719 --> 00:38:36,399 Speaker 4: the fact that they might assume the Democrats will chicken out. 665 00:38:36,680 --> 00:38:40,879 Speaker 4: But I think people are going to demand that when 666 00:38:41,160 --> 00:38:45,319 Speaker 4: Trump is out and a new president is in, they 667 00:38:45,400 --> 00:38:50,560 Speaker 4: cannot simply dance around and pretend like this didn't happen. 668 00:38:50,800 --> 00:38:54,640 Speaker 4: There is going to need to be some accountability for 669 00:38:54,840 --> 00:39:00,640 Speaker 4: companies that participated in corrupt practices or assisted in some 670 00:39:00,880 --> 00:39:03,760 Speaker 4: of this mouthfeasance. And I think it's a big open 671 00:39:03,880 --> 00:39:07,520 Speaker 4: question because many people wondered whether the you know, the 672 00:39:08,000 --> 00:39:12,360 Speaker 4: Justice Department under the last administration energetically use the law. 673 00:39:12,520 --> 00:39:15,080 Speaker 4: And I think a lot of people there, Yeah. 674 00:39:15,120 --> 00:39:18,160 Speaker 1: I mean MARYK. Garland was a complete coward. I mean 675 00:39:18,239 --> 00:39:21,440 Speaker 1: he didn't do anything. He didn't even do the law 676 00:39:21,680 --> 00:39:24,319 Speaker 1: the way that a Republican I mean the way that 677 00:39:24,360 --> 00:39:27,680 Speaker 1: a Bob Dole might And I mean We've seen Democrats 678 00:39:28,160 --> 00:39:32,319 Speaker 1: be quite cowardly, be behind the idea that you know, 679 00:39:33,000 --> 00:39:35,320 Speaker 1: they want to just protect norms and they don't really 680 00:39:35,360 --> 00:39:38,040 Speaker 1: care and we should just let by gums be gone. 681 00:39:38,120 --> 00:39:40,759 Speaker 1: So how would you even get a party that is 682 00:39:40,960 --> 00:39:45,960 Speaker 1: so mired in their own weirdness to get involved in this. 683 00:39:46,320 --> 00:39:49,719 Speaker 1: I mean, they just voted to prove that the appropriation 684 00:39:49,800 --> 00:39:50,880 Speaker 1: which gives money to ICE. 685 00:39:51,280 --> 00:39:53,480 Speaker 4: I'm pretty confident we're going to have a lot of 686 00:39:53,520 --> 00:39:56,919 Speaker 4: new players. People are going to see that they're sick 687 00:39:56,960 --> 00:40:00,920 Speaker 4: and tired of the same. I really worry about this Mali, 688 00:40:01,000 --> 00:40:04,880 Speaker 4: which is you can't just spend the next four years. 689 00:40:05,280 --> 00:40:09,920 Speaker 4: Let's say if Democrats win rebuilding the government and living 690 00:40:09,960 --> 00:40:13,120 Speaker 4: in a fairy tale that everything will go back to normal. 691 00:40:13,400 --> 00:40:16,720 Speaker 4: Things are permanently different. If there is now a sense 692 00:40:16,760 --> 00:40:19,920 Speaker 4: that you can, yeah, let's hire up people at USAID, 693 00:40:20,440 --> 00:40:23,000 Speaker 4: it can all be shattered again. So there needs to 694 00:40:23,040 --> 00:40:26,120 Speaker 4: be a different governing plan. In my view, one of 695 00:40:26,160 --> 00:40:30,120 Speaker 4: the things we need to do is not have federal 696 00:40:30,360 --> 00:40:35,160 Speaker 4: law enforcement have a monopoly over policing some of these companies. 697 00:40:35,239 --> 00:40:37,920 Speaker 4: We need to put more power in the hands of 698 00:40:38,080 --> 00:40:42,719 Speaker 4: state attorneys general, more power in the hands of private citizens, 699 00:40:43,160 --> 00:40:45,680 Speaker 4: to be able to take people to court. We are 700 00:40:45,680 --> 00:40:48,879 Speaker 4: going to need the Democrats to have a real point 701 00:40:48,960 --> 00:40:51,799 Speaker 4: of view and a plan on how they are going 702 00:40:51,840 --> 00:40:55,040 Speaker 4: to make sure that the courts are not being weaponized 703 00:40:55,520 --> 00:41:00,520 Speaker 4: against consumers and workers and patients and everyone one else. 704 00:41:00,880 --> 00:41:02,839 Speaker 4: We are not going to be able to do this 705 00:41:02,960 --> 00:41:06,640 Speaker 4: with just trimming on the edges. We will need a 706 00:41:06,760 --> 00:41:09,200 Speaker 4: fundamentally different way of governing in my. 707 00:41:09,239 --> 00:41:12,080 Speaker 1: View, Yeah, I'm sure that's true. When you look at 708 00:41:12,120 --> 00:41:14,960 Speaker 1: like the work you guys have done with accountability, do 709 00:41:15,040 --> 00:41:16,920 Speaker 1: you think we'll be able to get back? I mean, 710 00:41:16,960 --> 00:41:19,239 Speaker 1: like we've gone so far to the other side with 711 00:41:19,320 --> 00:41:22,320 Speaker 1: Trump World, right, things are illegal, They don't even care. 712 00:41:23,000 --> 00:41:28,120 Speaker 1: People are being added to signal chats. We had national 713 00:41:28,200 --> 00:41:32,960 Speaker 1: security advisors on signal. There's no accountability in Trump World 714 00:41:33,000 --> 00:41:37,400 Speaker 1: for doing things that are illegal or that are problems 715 00:41:37,400 --> 00:41:40,360 Speaker 1: for national security. I mean, how would you even start 716 00:41:41,000 --> 00:41:45,360 Speaker 1: to walk that back? How would you start to become 717 00:41:45,360 --> 00:41:46,280 Speaker 1: a country of laws? 718 00:41:46,320 --> 00:41:50,560 Speaker 4: Again, I recognize that it's much worse right now than 719 00:41:50,600 --> 00:41:53,480 Speaker 4: it has been, but I don't think that this problem 720 00:41:53,600 --> 00:41:57,799 Speaker 4: is new. I've served in several governments and I have 721 00:41:57,920 --> 00:42:02,400 Speaker 4: seen firsthand how when it come to politically connected large 722 00:42:02,520 --> 00:42:06,520 Speaker 4: companies that they can get law enforcement to turn a 723 00:42:06,560 --> 00:42:10,680 Speaker 4: blind eye. The Department of Justice has been known to 724 00:42:11,360 --> 00:42:17,040 Speaker 4: enter into agreements called non prosecution agreements or settlements that 725 00:42:17,120 --> 00:42:20,960 Speaker 4: are a huge giveaway. So I really think the laws 726 00:42:21,080 --> 00:42:28,359 Speaker 4: exist on the books today to actually aggressively prosecute crimes 727 00:42:28,480 --> 00:42:32,520 Speaker 4: that harm the public, especially when it comes to their pocketbook. 728 00:42:32,560 --> 00:42:35,520 Speaker 4: But we have not seen a political will to put 729 00:42:35,560 --> 00:42:38,520 Speaker 4: people in those positions who will actually do it. 730 00:42:38,840 --> 00:42:41,200 Speaker 1: Have we not seen a political will or have we 731 00:42:41,320 --> 00:42:45,120 Speaker 1: seen people who are scared to do it? Because I 732 00:42:45,200 --> 00:42:46,560 Speaker 1: think voters want it. 733 00:42:46,960 --> 00:42:49,760 Speaker 4: I think you have two things. You have a huge 734 00:42:49,800 --> 00:42:54,239 Speaker 4: amount of corporate influence in both parties. You have a 735 00:42:54,520 --> 00:43:01,360 Speaker 4: terrible revolving door between regulated companies, law firms, and the prosecutors. 736 00:43:01,640 --> 00:43:04,480 Speaker 4: And then on top of that, you really have a 737 00:43:04,520 --> 00:43:08,759 Speaker 4: bunch of people who enter into government assuming that it 738 00:43:08,880 --> 00:43:13,640 Speaker 4: is all some sort of Kumbai yah, when in reality 739 00:43:14,120 --> 00:43:18,160 Speaker 4: it has to be about some degree of conflict when 740 00:43:18,160 --> 00:43:20,919 Speaker 4: you're taking on actors that are screwing people over. 741 00:43:21,239 --> 00:43:24,600 Speaker 1: Yeah, that's a really good point. Thank you so much, Rohed. 742 00:43:24,960 --> 00:43:28,520 Speaker 4: Of course, thanks for having me, Molly. 743 00:43:28,760 --> 00:43:32,160 Speaker 1: No moment, Jesse Cannon. 744 00:43:33,560 --> 00:43:37,320 Speaker 2: We did not get to cover because of the literal 745 00:43:37,560 --> 00:43:41,240 Speaker 2: just barrage of news all week that DOJE did some real, 746 00:43:41,400 --> 00:43:45,840 Speaker 2: real fuckery with personal data and potential voter suppression. Today 747 00:43:45,920 --> 00:43:48,800 Speaker 2: we have a report that there is even more ways 748 00:43:48,880 --> 00:43:51,280 Speaker 2: DOZE access since the personal data. 749 00:43:51,680 --> 00:43:55,120 Speaker 1: Yeah, you'll be shocked to hear staffers who were part 750 00:43:55,200 --> 00:43:58,719 Speaker 1: of the Department of Government Efficiency and properly accessed and 751 00:43:58,760 --> 00:44:03,479 Speaker 1: shared sensitive data millions of Americans. Trump administration hasn't been 752 00:44:03,520 --> 00:44:06,239 Speaker 1: able to answer how much data is at risk, and 753 00:44:06,440 --> 00:44:09,759 Speaker 1: quite frankly, probably if you email them, they'll send you 754 00:44:09,800 --> 00:44:13,359 Speaker 1: back a poop emoji. These questions deepen last week when 755 00:44:13,440 --> 00:44:17,080 Speaker 1: the Social Security Administration said it discovered that DOGE employees 756 00:44:17,200 --> 00:44:22,600 Speaker 1: at the agency secretly and improperly shared sensitive data your 757 00:44:22,960 --> 00:44:29,560 Speaker 1: social Security number in Elon's computers my favorite part, but 758 00:44:29,680 --> 00:44:34,239 Speaker 1: again cannot verify the extent of the violations. The admission 759 00:44:34,360 --> 00:44:37,879 Speaker 1: comes in a court filing last Friday, January sixteenth, made 760 00:44:37,960 --> 00:44:41,799 Speaker 1: numerous corrections the testimony given. Just be glad that there's 761 00:44:41,920 --> 00:44:46,640 Speaker 1: not someone running around with your social Security number right now. 762 00:44:47,600 --> 00:44:52,120 Speaker 1: That's it for this episode of Fast Politics. Tune in 763 00:44:52,280 --> 00:44:57,720 Speaker 1: every Monday, Wednesday, Thursday and Saturday to hear the best 764 00:44:57,800 --> 00:45:02,080 Speaker 1: minds and politics make sense of all this chaos. If 765 00:45:02,080 --> 00:45:05,200 Speaker 1: you enjoy this podcast, please send it to a friend 766 00:45:05,600 --> 00:45:08,840 Speaker 1: and keep the conversation going. Thanks for listening.