WEBVTT - Stephanie Ruhle & Rohit Chopra 0:00:00.640 --> 0:00:04.160 Hi, I'm Molly John Fast and this is Fast Politics, 0:00:04.360 --> 0:00:07.120 where we discussed the top political headlines with some of 0:00:07.160 --> 0:00:11.760 today's best minds. And Donald Trump has withdrawn Canada's invite 0:00:11.840 --> 0:00:16.280 to the Board of Peace. They are saving a billion dollars. 0:00:16.400 --> 0:00:18.480 We have so to a great Joe for you today. 0:00:18.560 --> 0:00:23.880 Emmas Now's own step Rule talks to us about Trump's 0:00:23.920 --> 0:00:28.120 reckless behavior at Davos and how the world is reacting. 0:00:28.320 --> 0:00:32.200 Then we'll talk to former director of the Consumer Financial 0:00:32.240 --> 0:00:38.440 Protection Bureau row hit Chopra about Donald Trump's odd rhetoric 0:00:38.640 --> 0:00:40.240 on credit card interest rates. 0:00:40.240 --> 0:00:44.280 But first the news, Mike, We're three weeks into twenty 0:00:44.360 --> 0:00:46.800 twenty six. I already think there's been two of the 0:00:46.840 --> 0:00:50.479 most powerful pictures of the Trump administration just in the 0:00:50.560 --> 0:00:53.599 last week. There's this first, there is this picture of 0:00:54.040 --> 0:00:58.160 over a half a dozen ICE agents pulling guns at 0:00:58.200 --> 0:01:00.960 a woman in her scrubs. And now we have this 0:01:01.040 --> 0:01:03.400 picture of a five year old boy taken by ICE 0:01:03.480 --> 0:01:04.360 in Minneapolis. 0:01:04.760 --> 0:01:07.200 Yeah, and what about the photos of the guy not 0:01:07.319 --> 0:01:08.200 wearing a shirt. 0:01:08.600 --> 0:01:12.039 It seems easy to capture horrifying images because ICE is 0:01:12.040 --> 0:01:14.399 giving so much material to these photographers. 0:01:14.640 --> 0:01:18.200 It's kind of amazing that Trump brother is so obsessed 0:01:18.240 --> 0:01:21.480 with thinking these images will somehow help them, you know, 0:01:21.680 --> 0:01:25.200 Like what they're thinking is kind of strange, right, Like 0:01:25.400 --> 0:01:28.520 they think it'll help them, but in fact it just won't. 0:01:28.760 --> 0:01:30.080 It's a really bad look. 0:01:30.440 --> 0:01:32.360 It feels like a very bad reading of the room, 0:01:32.440 --> 0:01:33.160 is what I would say. 0:01:33.280 --> 0:01:37.240 Yeah, really really bad reading the room. He's a preschooler, 0:01:37.920 --> 0:01:43.480 Liam Kogius Ramos removed from the family's car. The boy 0:01:43.600 --> 0:01:46.920 and the family are from Ecuador. They presented themselves at 0:01:46.920 --> 0:01:49.960 the border in Texas to apply for asylum. The family's 0:01:50.000 --> 0:01:53.520 lawyer said they are not illegal aliens. They came properly, 0:01:53.600 --> 0:01:59.040 They came legally. They were pursuing a legal pathway and 0:01:59.120 --> 0:02:03.840 the sun was used as bait, as is the way 0:02:04.320 --> 0:02:08.160 in the Trump administration. None of it should be surprising, 0:02:08.320 --> 0:02:11.800 but it is all still completely appalling. 0:02:12.160 --> 0:02:14.119 And this bag technique is very commid. It's what they're 0:02:14.160 --> 0:02:17.119 using at twenty six Federal Plaza in New York. Why 0:02:17.200 --> 0:02:19.760 we see all that the immigration courts are just filled 0:02:19.800 --> 0:02:22.320 with ice at all times because they wait for immigrants 0:02:22.360 --> 0:02:25.040 to go there for a trial and then they grab 0:02:25.080 --> 0:02:28.600 them up. Yeah yeah, so let's get even more craven. 0:02:28.919 --> 0:02:32.320 Many people who are critical of this stuff and smart 0:02:32.360 --> 0:02:34.280 on it. Field, the White Houses really crossed the line. 0:02:34.320 --> 0:02:37.040 The White House posted a deep fake image of an 0:02:37.120 --> 0:02:39.000 arrested ice protester crying. 0:02:39.440 --> 0:02:42.760 Yeah. I mean, I know that Trump world loves to 0:02:42.880 --> 0:02:47.280 do fake stuff, but I don't totally get what the 0:02:47.400 --> 0:02:50.800 story is with this, Like why they want to put 0:02:50.880 --> 0:02:54.280 tears in this woman's face. I mean, I don't get it, but. 0:02:54.480 --> 0:02:56.840 Well, owning the whips, right, But what's. 0:02:56.560 --> 0:03:00.120 So brainwashed about all this stuff? Is there? Like, Okay, yeah, 0:03:00.160 --> 0:03:03.080 put tears, that'll make it even more owning the lips, 0:03:03.120 --> 0:03:06.160 but it actually makes you feel just worse for the person. 0:03:07.000 --> 0:03:09.160 So I don't get it, but it is deep fake. 0:03:09.360 --> 0:03:13.040 Daniel Dale. The White House is confirmed its official ex 0:03:13.080 --> 0:03:15.880 account has posted a fake image of a woman. Again. 0:03:16.400 --> 0:03:21.200 There is no legislation that prevents any fake stuff from 0:03:21.240 --> 0:03:25.160 being anywhere, So if they want to do fake AI 0:03:25.600 --> 0:03:30.640 porn of women candidates, there's nothing stopping any of that. 0:03:30.680 --> 0:03:33.880 None of it's illegal. It's all legal, and so you know, 0:03:33.960 --> 0:03:35.840 the fact that they don't do this stuff every day 0:03:35.960 --> 0:03:38.640 is kind of shocking. If you don't make it illegal, 0:03:38.760 --> 0:03:42.240 people in the Trump administration will do it. So Christy 0:03:42.360 --> 0:03:46.360 NOME is out there. They're charging the people who protested 0:03:46.440 --> 0:03:49.320 the church. I'm sure a lot of listeners this podcast 0:03:49.360 --> 0:03:52.280 know it, but just to remind everyone, they're being charged 0:03:52.360 --> 0:03:57.200 under the eighteen seventy one Klukux Klan Act, which makes 0:03:57.240 --> 0:04:02.280 it illegal any conspiracy to press, threatened, or intimidate. This 0:04:02.440 --> 0:04:05.600 is not what the klu kooks Klan did, right, They 0:04:05.840 --> 0:04:09.800 kill people, They hung them. That's not what's happening here. 0:04:09.840 --> 0:04:13.520 These are people protesting in church. But the point is, right, 0:04:13.600 --> 0:04:17.320 what's the point. The point is, use legislation that was 0:04:17.440 --> 0:04:22.640 meant to protect people to hurt people. Use legislation that 0:04:22.880 --> 0:04:26.560 was meant to protect people from things like the KKK. 0:04:27.320 --> 0:04:31.520 Do that in order to hurt people, because that's what 0:04:31.600 --> 0:04:32.800 this administration does. 0:04:33.240 --> 0:04:36.760 Yeah. Ironically, the man who brought us fake news loves 0:04:36.800 --> 0:04:39.600 fake AI slop and posting it every day because every 0:04:39.640 --> 0:04:42.279 accusation is an admission and a projection. 0:04:42.560 --> 0:04:42.880 Yeah. 0:04:42.920 --> 0:04:45.039 And also because they really don't care. 0:04:45.600 --> 0:04:50.120 Yeah. So yesterday, many people, myself included, were fored by 0:04:50.320 --> 0:04:54.599 Jack Smith's testimony. It seemed very very powerful and a 0:04:54.839 --> 0:04:59.039 very extreme indictment of Judge Aileen Kennon. No relation, thank god. 0:05:01.520 --> 0:05:07.800 Yes, so Jack Smith testified on Thursday, it was was 0:05:07.839 --> 0:05:10.680 it a blockbuster? I don't know there was a blockbuster. 0:05:10.920 --> 0:05:15.000 It wasn't anything we didn't already know. But because we're 0:05:15.040 --> 0:05:19.760 in such a like insane post truth moment, just having 0:05:19.839 --> 0:05:24.320 him say stuff that we already know ultimately was I 0:05:24.360 --> 0:05:28.080 think important and useful if that makes sense. Like, you know, 0:05:28.640 --> 0:05:32.120 Trump world has been such liars about all of this 0:05:32.720 --> 0:05:35.840 that to just have somebody say, like, yes, they did 0:05:35.960 --> 0:05:39.760 in fact storm the government, Yes they did. You know, 0:05:39.880 --> 0:05:43.640 January sixth was in fact January sixth, It was in 0:05:43.680 --> 0:05:47.560 fact meaningful. So I did think it was good. Again, 0:05:47.839 --> 0:05:50.400 like you know, the question of whether or not people 0:05:50.680 --> 0:05:53.760 follow the law, whether or not you know what the 0:05:53.880 --> 0:05:56.919 legal jeopardy the Trump world is in that, I don't know. 0:05:57.240 --> 0:06:00.200 But I did think it was good. And what he 0:06:00.240 --> 0:06:03.520 did was he reminded us. He said that you know 0:06:03.800 --> 0:06:05.880 you had by the way you had Jim Jordan just 0:06:06.000 --> 0:06:09.160 completely was interesting. The Republicans tried to push back by 0:06:09.200 --> 0:06:11.760 saying that Jacksmith had lost a lot of cases when 0:06:11.760 --> 0:06:16.200 he was at the Public Integrity Section of the DOJ, 0:06:16.480 --> 0:06:20.520 which is true, but that's not necessarily an indictment of 0:06:20.720 --> 0:06:25.040 him losing cases. But you know, their thinking was, you know, 0:06:25.279 --> 0:06:28.200 if he had lost cases, that he would lose this case. 0:06:28.440 --> 0:06:31.040 But it never came to that, So it didn't totally 0:06:31.160 --> 0:06:33.240 make a lot of sense. But I was glad to 0:06:33.279 --> 0:06:38.240 see them reminding us of what happened and what's true 0:06:38.240 --> 0:06:41.680 and what's not true. I don't think any Republicans' minds 0:06:41.680 --> 0:06:43.960 and hearts were changed one hundred percent. 0:06:44.000 --> 0:06:45.840 They were not. But as much as I'm not the 0:06:45.880 --> 0:06:48.320 biggest fan of a firmly word and statement in this 0:06:48.400 --> 0:06:51.080 day and age, there's something about when somebody really points 0:06:51.240 --> 0:06:54.800 it all out in a succinct way. So here's that 0:06:55.120 --> 0:06:58.400 category of news where we knew this was happening, but 0:06:58.560 --> 0:07:01.960 now we haven't confirmed. Cash Tellow senior FBI agents linked 0:07:01.960 --> 0:07:02.800 to Trump probes. 0:07:03.279 --> 0:07:09.120 Yeah, Cash Battel, Thank god for Cash Battel. If you 0:07:09.200 --> 0:07:14.520 were really working, we'd all we'd all be in the camps. 0:07:14.560 --> 0:07:17.040 You know. It was really good reporting from New York 0:07:17.040 --> 0:07:19.520 Times this week about how he just wants to go 0:07:19.600 --> 0:07:23.400 to parties, he wants to jet ski, he wants to 0:07:23.440 --> 0:07:27.040 go to sporting events. Cash Battel is like the Paris 0:07:27.120 --> 0:07:30.680 Hilton of the FBI discuss. 0:07:31.680 --> 0:07:35.040 I really really like that analogy. I have no other 0:07:35.120 --> 0:07:39.520 comments aside from the thumbs up. Actually, Molly, you know, 0:07:39.720 --> 0:07:42.560 we can't say that Paris went to Washington this week 0:07:42.560 --> 0:07:45.040 and did really good work out of the Important. 0:07:44.600 --> 0:07:46.480 Act, and that with mich Lawler. 0:07:47.160 --> 0:07:48.240 Yes, that's true too. 0:07:48.520 --> 0:07:52.440 He's PURBs the Bureau of Senior Ranks, forcing out pretty 0:07:52.480 --> 0:07:56.240 much anyone who knows what they're doing. Six agents in Miami, 0:07:56.480 --> 0:07:59.560 anyone who might have had anything to do with hurting 0:07:59.600 --> 0:08:04.960 his man and King Donald is out, Arctic Frost, you know, 0:08:05.040 --> 0:08:08.960 anyone who's ever known and Pete Straw. Basically, they are 0:08:09.120 --> 0:08:11.680 just clearing the decks. It's a good thing we don't 0:08:11.720 --> 0:08:14.880 need the FBI for stuff, because, man, if we did, 0:08:15.280 --> 0:08:23.360 we've been at it out of trouble. Steph Rule is 0:08:23.400 --> 0:08:26.920 the host of MS now's The Eleventh Hour Dephanie Roll. 0:08:27.920 --> 0:08:32.520 Davos matters. Davos matters now in a way that it 0:08:32.559 --> 0:08:34.600 didn't what happened this weekend. 0:08:34.800 --> 0:08:38.160 It's so funny. It's so funny. I've been to Davos, 0:08:38.480 --> 0:08:41.880 I don't know, seven or eight times, and for a 0:08:41.960 --> 0:08:46.200 long time it really was sort of this elite elite, 0:08:46.400 --> 0:08:49.040 just business people. There were world leaders, but kind of 0:08:49.080 --> 0:08:53.160 like more obscure ones with a very big focus on philanthropy. 0:08:53.240 --> 0:08:57.280 And there still is the irony is Davos mattered so 0:08:57.400 --> 0:09:01.800 much this year because so many people influence went, But 0:09:01.960 --> 0:09:05.640 even though they went, what the World Economic Forum has 0:09:05.640 --> 0:09:09.560 always claimed that that Davos was about is, you know, 0:09:09.679 --> 0:09:14.360 creating the integrated collaborative you know, world of the future, 0:09:14.840 --> 0:09:18.080 the sustainable world of the future. Flies in the face 0:09:18.400 --> 0:09:21.560 of exactly where we are today, right the fact, yeah, 0:09:21.600 --> 0:09:24.760 that President Trump flew the well, actually, I'm gonna back 0:09:24.760 --> 0:09:28.800 it up. I watched Stephen A. Smith this week dunk 0:09:29.400 --> 0:09:32.800 on Gavin Newsom just trash him, saying, how dare Gavin 0:09:32.840 --> 0:09:37.959 Newsom on European Soil go to Davos and say anything 0:09:37.960 --> 0:09:40.800 negative about our president? You know, almost like the you know, 0:09:40.880 --> 0:09:44.080 my Catholic family, almost like my Catholic family. You know, 0:09:44.120 --> 0:09:46.040 we can crush each other inside the house, but as 0:09:46.080 --> 0:09:47.480 soon as we open the front door, we have to 0:09:47.559 --> 0:09:50.199 have united front. And I'm kind of like you could 0:09:50.240 --> 0:09:53.600 dog on Gavin Newsom for criticizing the president or by 0:09:53.640 --> 0:09:57.640 the same token, the President went to Davos and on 0:09:57.720 --> 0:10:02.760 European soil, insulted every thing, and everyone practically. 0:10:02.280 --> 0:10:04.319 Declared war on Martin Jarney. 0:10:04.840 --> 0:10:08.880 While so many business leaders and world leaders where there 0:10:08.960 --> 0:10:14.240 scratching their heads saying, have we just redefined the world order? 0:10:14.880 --> 0:10:18.480 I actually think on some level it's a comfort when 0:10:18.480 --> 0:10:22.360 they hear from other government leaders from the United States 0:10:22.360 --> 0:10:24.800 saying no, no, no, no, no, no no, Like, yeah, we don't feel 0:10:24.800 --> 0:10:27.800 that way. We still are committed to the NATO Alliance. Right. So, 0:10:28.000 --> 0:10:32.480 even if we backed off our threats against Greenland, if 0:10:32.520 --> 0:10:35.440 you're any of these countries, do you believe it? 0:10:36.360 --> 0:10:36.560 Right? 0:10:36.600 --> 0:10:39.439 Like, I don't think that Donald Trump truly changed his 0:10:39.559 --> 0:10:42.360 view on what we should do about Greenland. He just 0:10:42.400 --> 0:10:46.720 got a drastically negative response. Much like Liberation Day last 0:10:46.800 --> 0:10:50.560 year when the bond market said, uhh, this isn't gonna work, Donnie. 0:10:50.800 --> 0:10:52.600 The same thing happened this week. 0:10:52.840 --> 0:10:55.240 So I want to go to this precedent because of 0:10:55.280 --> 0:10:59.280 this new world order idea. Mark Karney, the PM of Canada, 0:10:59.360 --> 0:11:02.000 gave this amazing speech and yeah. 0:11:01.840 --> 0:11:03.280 Let me just be clear, I don't know if you 0:11:03.320 --> 0:11:05.280 know I know Mark Karney. He's a fantastic He's a 0:11:05.280 --> 0:11:09.720 smart guy. Mark Carney has never been this exciting in 0:11:09.840 --> 0:11:11.079 his whole entire life. 0:11:11.320 --> 0:11:17.679 Right, explain why that is? Because he's not a normal politician, right, No. 0:11:17.840 --> 0:11:20.680 Oh my goodness, he's an Ivy league educated. He came 0:11:20.720 --> 0:11:25.720 from the banking world. He's a true highly educated centrist 0:11:26.080 --> 0:11:30.280 that had it not been for the right wing pendulum swing, 0:11:30.320 --> 0:11:32.720 you know, for the pendulum swinging so far to the right, 0:11:33.200 --> 0:11:37.160 suddenly Canada was like, oh hey, like like like, we're 0:11:37.160 --> 0:11:39.840 got to stop getting cute with like big changes and 0:11:39.880 --> 0:11:42.040 aspirations and we need to just put a grown up 0:11:42.040 --> 0:11:45.040 who's going to say, let's lower the temperature. And that's 0:11:45.080 --> 0:11:46.280 what Mark Karney is doing. 0:11:46.520 --> 0:11:49.080 Mark Carney gives the speech because you're going because I 0:11:49.160 --> 0:11:52.600 just want to, like Narrate gives this speech. It's an 0:11:52.679 --> 0:11:56.120 amazing speech. It's like very sort of the kind of 0:11:56.120 --> 0:11:59.480 speech gifted or it or gives. And it does not 0:11:59.760 --> 0:12:01.920 ever mentioned the United States by name. 0:12:02.320 --> 0:12:05.079 Go no, it does not ever mention the United States name, 0:12:05.360 --> 0:12:09.080 unlike Donald Trump, who the next day was trying to 0:12:09.160 --> 0:12:13.120 say Greenland by name, but not LANs, not twas, but 0:12:13.200 --> 0:12:16.720 I absolutely think four times called it Iceland, and then 0:12:16.760 --> 0:12:20.720 his press secretary tried to say that we were incorrect, 0:12:20.960 --> 0:12:24.680 and no, Press Secretary Lovett, there's a video he called 0:12:24.720 --> 0:12:27.800 it Iceland. I've got two times. My colleague said four. 0:12:27.960 --> 0:12:31.760 In Donald Trump's first term, one of his he was 0:12:31.800 --> 0:12:34.680 oftentimes very frustrated. You know, people used to joke he's 0:12:34.920 --> 0:12:36.880 in his bed with a diet Coca and a cheeseburger 0:12:36.960 --> 0:12:40.480 watching TV angry. He's not angry angry because he had 0:12:40.480 --> 0:12:44.160 the likes of Gary Khne or Steve Manuchin or hr McMaster, 0:12:44.679 --> 0:12:48.240 Rex Tillerson, take your pick. Even Bill Barr saying no, sir, 0:12:48.360 --> 0:12:50.600 I get that's what you want to do, but that's 0:12:50.640 --> 0:12:52.840 not what we can do. Right. We have to follow 0:12:52.840 --> 0:12:55.320 the rule of law. That's not how government works. Well. Now, 0:12:55.360 --> 0:12:59.319 in Trump two point zero, it's shangri la, right, It's funny. 0:12:59.679 --> 0:13:02.720 Trump is a salesman who will sell you anything at 0:13:02.720 --> 0:13:06.360 a whim. But he is surrounded by true maga zelots 0:13:06.720 --> 0:13:09.720 who are like three equal branches of government. Be damned, 0:13:10.200 --> 0:13:13.200 you know, we're here for Trump Nation. And so no 0:13:13.280 --> 0:13:15.760 one inside that White House has said to him there's 0:13:15.840 --> 0:13:19.839 no reason for us to acquire Greenland. They will even 0:13:19.880 --> 0:13:21.960 the notion of like, we've got the framework of a deal, 0:13:22.120 --> 0:13:26.280 what's in it? You could have had whatever you wanted. Right, Basically, 0:13:26.600 --> 0:13:29.840 we have whatever we want already from Greenland, and if 0:13:29.880 --> 0:13:33.160 we want more, they're going to say yes. So this 0:13:33.520 --> 0:13:37.120 entire exercise, while I'm sure it pleased Vladimir Putin, who 0:13:37.160 --> 0:13:40.559 would love to shake NATO. Like you always have to remember, 0:13:41.000 --> 0:13:43.240 go back in time. Ukraine would like to be a 0:13:43.240 --> 0:13:46.200 member of NATO. Russia is not a member of NATO, 0:13:46.320 --> 0:13:51.080 and so Vladimir Putin loves to see NATO getting rocked 0:13:51.160 --> 0:13:53.040 or disturbed in any way. Now, you do have to 0:13:53.040 --> 0:13:55.839 give Donald Trump some credit on the NATO front. Things 0:13:55.880 --> 0:13:59.360 get sleepy in these organizations. And had Donald Trump not 0:13:59.480 --> 0:14:03.040 shaken the cage and said, hey, you sleepy countries, you 0:14:03.120 --> 0:14:06.360 got to pay up, and we saw more countries do so. Right, 0:14:06.480 --> 0:14:09.680 we do have significantly more power than our European allies 0:14:09.760 --> 0:14:11.760 like But I just think when Donald Trump and Pete 0:14:11.760 --> 0:14:15.400 Hegseth say they can't touch our military mite, they're right. 0:14:15.600 --> 0:14:17.760 But if all of those countries, and if all of 0:14:17.760 --> 0:14:20.760 those investors, and if investors around the world say, you 0:14:20.800 --> 0:14:24.120 know what, we're just gonna dump all of our positions 0:14:24.160 --> 0:14:27.800 in US treasuries. We don't think you're the biggest safest 0:14:27.800 --> 0:14:29.080 bet anymore, that would be. 0:14:29.120 --> 0:14:32.520 Very bad, right, and it'll make money much more expensive 0:14:32.520 --> 0:14:35.640 and it'll it'll change the way our whole country works. 0:14:35.880 --> 0:14:38.000 But I want you to talk. I want to go back, 0:14:38.080 --> 0:14:40.480 just for another second, on the new world order. So 0:14:40.680 --> 0:14:44.400 Donald Trump comes in, he says, you know, we're gonna 0:14:44.400 --> 0:14:46.000 go to war with Greenland. We're gonna do this. We're 0:14:46.000 --> 0:14:48.600 gonna do that. Carney says, we are going The small 0:14:48.640 --> 0:14:51.280 countries need to band together because if you're not at 0:14:51.320 --> 0:14:53.960 the table, you're on the menu. Is it a new 0:14:54.000 --> 0:14:55.800 world order coming out of Davos. 0:14:56.040 --> 0:14:57.960 I don't know that it's a new world order because 0:14:58.000 --> 0:15:00.720 Donald Trump can change his tune at any moment. And 0:15:00.760 --> 0:15:05.640 the truth is all of these countries don't want the 0:15:05.680 --> 0:15:08.680 world order changed, right. They're really unhappy with what Trump 0:15:08.720 --> 0:15:11.760 is doing. But as much as Mark Karney could say, 0:15:11.760 --> 0:15:13.440 we got to get together and do this on our own, 0:15:13.440 --> 0:15:16.160 boys and girls, they'll do it if they have to, 0:15:16.720 --> 0:15:19.360 they'll do it if Trump's threats are real. But they 0:15:19.360 --> 0:15:22.880 don't want to, right. Like again, let's beak, it's expensive 0:15:23.240 --> 0:15:27.400 these European most of these European leaders, they're not very popular. 0:15:27.640 --> 0:15:31.040 Like they're dealing with the same political divides in their 0:15:31.080 --> 0:15:35.680 countries that we are. They've got slower economic growth, than 0:15:35.720 --> 0:15:38.120 we do. Right, take tourism out. A lot of those 0:15:38.160 --> 0:15:42.520 countries are suffering. So could they band together and figure 0:15:42.520 --> 0:15:44.800 out how they're going to do this? They could, but 0:15:44.880 --> 0:15:47.280 they don't want to, right, And I think that's a 0:15:47.280 --> 0:15:47.840 really good point. 0:15:47.920 --> 0:15:50.880 And it's also it's expensive. It's a problem. You know, 0:15:50.920 --> 0:15:53.440 there's all sorts of weird problems. I do want to 0:15:53.480 --> 0:15:57.560 ask you though, like it does feel like America is 0:15:57.600 --> 0:16:01.600 more isolated, especially coming into Davos to have Canada make 0:16:01.640 --> 0:16:05.560 this deal with China for evs Mark Carney, like, Ben, 0:16:05.600 --> 0:16:09.760 you have Canadians protesting not visiting America, Like, how much 0:16:09.800 --> 0:16:11.920 do you think this actually affects our economy? 0:16:12.360 --> 0:16:15.760 Listen? All of it is affecting our economy, right. Donald 0:16:15.800 --> 0:16:19.920 Trump's number one economic policy has been the tariffs. Okay, 0:16:20.720 --> 0:16:25.000 and what even happened last year? We saw ninety or 0:16:25.120 --> 0:16:28.640 even more than ninety percent of the costs and curved 0:16:28.680 --> 0:16:32.400 within the tariffs were from American businesses and American consumers. Right, 0:16:32.680 --> 0:16:34.880 that way is on our economy. We're going to be 0:16:34.880 --> 0:16:39.040 bringing back manufacturing jobs. We lost sixty eight thousand manufacturing jobs. 0:16:39.440 --> 0:16:42.440 Now what you can say, yeah, but now the economic 0:16:42.480 --> 0:16:45.440 outlook looks better. This year, the economic outlook looks better 0:16:46.040 --> 0:16:50.800 thanks to AI. What we really have is this divided economy, 0:16:50.800 --> 0:16:53.040 and other people have talked about it, this K economy, 0:16:53.080 --> 0:16:55.720 and to me, coming out of last year going into 0:16:55.720 --> 0:17:00.000 twenty twenty six, that K economy is only getting more exaggerated. 0:16:59.760 --> 0:17:03.000 The KAY economy means that the big part of that 0:17:03.120 --> 0:17:06.920 K is the twenty percent or ten percent of the richest. 0:17:07.440 --> 0:17:09.320 Explain that, can you explain this? 0:17:09.359 --> 0:17:11.280 It's the rich have gotten richer and the poor have 0:17:11.280 --> 0:17:15.120 gotten poorer. Right, So, now the average age of a 0:17:15.160 --> 0:17:19.080 first time home buyer is forty years old. If you're 0:17:19.119 --> 0:17:22.920 someone who owns the home, if you're someone who owns assets, 0:17:22.920 --> 0:17:25.760 who owns stocks, the value of all of those things 0:17:25.760 --> 0:17:27.719 went up and up and up. But if you're not, 0:17:28.200 --> 0:17:30.160 if you do not own a home, if you're somebody 0:17:30.160 --> 0:17:32.359 who got out of college and you're saddled to college 0:17:32.400 --> 0:17:34.959 debt and there's no jobs for you, you're suffering. If 0:17:35.000 --> 0:17:38.359 you're somebody in America who inflation is truly making your 0:17:38.400 --> 0:17:41.280 day to day to life more difficult, it's a problem. 0:17:41.560 --> 0:17:45.040 This is how the spirit, this is, This is why 0:17:45.080 --> 0:17:49.040 the same spirit elects Donald Trump in twenty sixteen and 0:17:49.160 --> 0:17:53.320 Zaramumdani in twenty twenty five. Right, wildly different men. But 0:17:53.359 --> 0:17:56.240 who are speaking to people saying are you left out? 0:17:56.240 --> 0:17:58.240 And are you sick of this? The government doesn't work 0:17:58.280 --> 0:17:58.600 for you? 0:17:59.119 --> 0:17:59.239 Now? 0:17:59.320 --> 0:18:04.800 The difference is that twenty twenty six Donald Trump, I 0:18:04.840 --> 0:18:08.439 don't even think he attempts to speak to or deliver 0:18:08.640 --> 0:18:13.560 for his base. Donald Trump is not running again. He 0:18:13.680 --> 0:18:16.199 is making right. New York Times, you know, reported that 0:18:16.240 --> 0:18:18.160 in the last year he made one point four billion 0:18:18.200 --> 0:18:21.679 dollars personally. I would venture a guest the number is 0:18:21.760 --> 0:18:26.120 significantly higher than that. Yeah, And he is surrounded by 0:18:26.240 --> 0:18:30.040 really what have become American oligarchs, how wealthy the wealthiest 0:18:30.200 --> 0:18:34.240 ring of people have become. And what Donald Trump isn't 0:18:34.240 --> 0:18:37.320 addressing or talking about, right? Is he saying anything to 0:18:37.400 --> 0:18:42.080 us truly about healthcare? No, he's not. No, inflation is cooling, 0:18:42.119 --> 0:18:44.679 but it's but we're not in good shape. All of 0:18:44.720 --> 0:18:47.800 these issues that affect the American people the root of maga. 0:18:47.880 --> 0:18:50.399 Let's stop focusing on the outside and start focusing on 0:18:50.440 --> 0:18:53.520 the inside. We're not doing that, and so it's going 0:18:53.600 --> 0:18:56.440 to be so interesting to see, like true maga zealots 0:18:57.400 --> 0:19:00.320 love all things Donald Trump love his brand. But people 0:19:00.320 --> 0:19:02.720 who voted for him, who were just sick of the system, 0:19:03.160 --> 0:19:06.359 he's not keeping them. And then there's that one other group. 0:19:06.400 --> 0:19:08.479 You know, last weekend, I was driving in upstate New 0:19:08.520 --> 0:19:11.440 York and there was some sort of Trump nation flags 0:19:11.520 --> 0:19:13.439 and then you know further ones, you know, just like 0:19:14.119 --> 0:19:18.200 free speech. Now, I just keep thinking about free speech. Now, 0:19:19.200 --> 0:19:22.199 one thing that came out of Davos, what are business 0:19:22.280 --> 0:19:27.160 leaders doing self censoring? Davos is the one place where 0:19:27.160 --> 0:19:29.920 they love to get on the stage voice their opinions 0:19:29.960 --> 0:19:34.320 about anything. Everything. They're you know, blah blah blah. They're 0:19:34.400 --> 0:19:37.679 quiet as a church mouse, right because these business leaders 0:19:37.720 --> 0:19:40.679 know they're in a tricky position, right, they need to 0:19:40.720 --> 0:19:44.800 serve their customers, they need to serve their shareholders. And 0:19:44.880 --> 0:19:48.160 if you say anything against the president, he's coming for you. 0:19:48.440 --> 0:19:54.000 And we saw this in Cold Blood Diamond. So Jamie Diamond, 0:19:54.240 --> 0:19:58.280 who is the lead who's far, far, far far from woke, 0:19:58.760 --> 0:20:01.639 right far from woke. In fact, I even said he 0:20:01.960 --> 0:20:03.680 liked Trump's stuff on immigration. 0:20:03.960 --> 0:20:04.200 Right. 0:20:04.680 --> 0:20:08.560 Yes, this time last year, he spoke in Davos and 0:20:08.680 --> 0:20:11.639 basically compared the far right to the far left and 0:20:11.680 --> 0:20:14.360 said the far left needs to stop talking so crazy 0:20:14.440 --> 0:20:17.040 and people were super upset about him. But this week 0:20:17.359 --> 0:20:21.200 he spoke some plain truths and set about ice right 0:20:21.320 --> 0:20:24.879 about saying he liked that Donald Trump was closing the border, 0:20:25.000 --> 0:20:28.200 and lots of people do, but he said, watching five 0:20:28.280 --> 0:20:31.240 grown men tackle a woman on her way to work, 0:20:31.560 --> 0:20:34.000 I don't think so, right, So he spoke out against that. 0:20:34.280 --> 0:20:36.680 Then one of Donald Trump's, you know, sort of new 0:20:36.720 --> 0:20:41.760 ideas on affordability is to cap credit card rates. Okay, 0:20:41.840 --> 0:20:43.680 so you're not going to pay high interest rates, and 0:20:43.800 --> 0:20:46.920 Jamie Diamond said, great, that will lead to economic disaster 0:20:47.200 --> 0:20:51.040 because if they cap credit card rates, credit card companies say, okay, fine, 0:20:51.240 --> 0:20:53.920 but then they're just not going to extend credit the 0:20:53.920 --> 0:20:56.240 lots and lots of Americans. Right if you have a 0:20:56.240 --> 0:20:58.760 lower credit rating, they're going to say, sorry, it's too 0:20:58.800 --> 0:21:01.280 risky for me to lend to you. And then the 0:21:01.320 --> 0:21:04.480 third thing that Jamie Diamond did was when all of 0:21:04.520 --> 0:21:08.560 the companies, my parent company included, ponied up ten twenty 0:21:08.840 --> 0:21:12.480 thirty million dollars for the East Wing ballroom, Jamie Diamond 0:21:12.480 --> 0:21:16.240 said no. He said no, because whomever the next administration is, 0:21:16.240 --> 0:21:18.800 if they're not Republicans, they're gonna come and see all 0:21:18.840 --> 0:21:21.680 of us that this is some kind of crooked bribery, right, 0:21:21.720 --> 0:21:25.480 And what ifid Trump do? He goes and sues the biggest, 0:21:25.520 --> 0:21:28.760 baddest CEO out there, and I guarantee lots of other 0:21:28.800 --> 0:21:32.359 business leaders are like, shit, shoot, you know, Jamie Diamond's 0:21:32.359 --> 0:21:35.120 getting sued for five billion dollars, like there are there's 0:21:35.320 --> 0:21:40.320 few CEOs out there that sort of have the kahonas 0:21:40.400 --> 0:21:43.399 the power Jamie Diamond does. So loads of others are 0:21:43.440 --> 0:21:45.080 looking from the wings saying, I'm going to keep my 0:21:45.119 --> 0:21:48.040 mouth shut, in my head down. And that's really scary 0:21:48.119 --> 0:21:50.560 when people don't stand up for the truth, when they 0:21:50.560 --> 0:21:53.320 don't stand up for democracy, they don't say things are whack. 0:21:53.520 --> 0:21:57.080 Do you remember how outspoken Jeff Bezos was about saying 0:21:57.400 --> 0:22:01.160 Joe Biden didn't understand inflation. As Jeff Bezos said about 0:22:01.160 --> 0:22:04.160 Donald Trump's understanding of the economy, because we just heard 0:22:04.600 --> 0:22:06.760 from Amazon that we're going to start to see the 0:22:06.800 --> 0:22:10.240 impact of tariffs on their prices, where are you, Jeff Bezos? 0:22:11.040 --> 0:22:14.720 Yeah, it's a good question. And remember Amazon had wanted 0:22:15.119 --> 0:22:18.440 to have a little tariff calculator and then Trump had 0:22:18.440 --> 0:22:18.879 said no. 0:22:19.480 --> 0:22:21.199 Remember they said forget and forget it, We're not going 0:22:21.280 --> 0:22:21.760 to do it. 0:22:21.960 --> 0:22:24.040