Speaker 1: Hey, guys, ready or not, twenty twenty four is here,
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Speaker 2: But enough with that, Let's get to the show. Hey guys,
Speaker 2: good morning.
Speaker 1: Had a whole bunch of tech issues which I can
Speaker 1: not do a full show for you, but I did
Speaker 1: want to bring you some updates on the one Big
Speaker 1: Beautiful Bill, and in particular on Trump and Elon back
Speaker 1: at full blown war against each other. The very latest
Speaker 1: of this morning is Trump is now floating deporting Elon Musk.
Speaker 1: So he got asked about this by a reporter and
Speaker 1: he said, I don't know. We'll have to take a
Speaker 1: look about deporting him. We might have to put Doge
Speaker 1: on Elon. You know what Doge is. Doge is the
Speaker 1: monster that he might have to go back and eat Elon.
Speaker 1: Ask further about Elon, he said he's upset that he
Speaker 1: is losing the eed mandates, he can lose a lot
Speaker 1: more than that. So that's the very latest this morning.
Speaker 1: But this comes you guys know the backstory here. Of course,
Speaker 1: Elon is Trump's biggest supporter, comes in dogeous like this
Speaker 1: tremendous disaster, completely unpopular, Elon himself becomes politically toxic, and
Speaker 1: he starts aggressively criticizing Trump over this one Big Beautiful
Speaker 1: Bill in particular, there were other things as well, In
Speaker 1: particular the NASA guy that Elon wanted, Trump pulls him.
Speaker 1: So Elon goes completely nuclear. He'll remember, he accused Trump
Speaker 1: of being an Epstein pedophile, sort of walk that back.
Speaker 1: Also said that Trump was going to destroy the economy
Speaker 1: cause a recession. Also said that Elon himself was the
Speaker 1: only reason that Trump won, which that was an interesting comment.
Speaker 1: So after that all happened and Elon kind of walks
Speaker 1: things back a little bit. He's been read relatively quiet.
Speaker 1: Now he's gone back in on the one Big Beautiful
Speaker 1: Bill and has been aggressively criticizing it. So he said this,
Speaker 1: if this insane spending bill passes, the America Party movie
Speaker 1: before the next day. So now Eland once again actively
Speaker 1: threatening to create this third party. Now if he does it,
Speaker 1: do I think it's going to be particularly impactful. No,
Speaker 1: but you have to keep in mind when you have
Speaker 1: this very evenly split fifty to fifty kind of a system.
Speaker 1: If you have that party take even let's say, five
Speaker 1: percent of the vote, this becomes a big problem for Republicans.
Speaker 1: And Lord knows, Elon's got all money on the planet
Speaker 1: to do whatever he wants with it. Which is interesting
Speaker 1: as well, because Trump is threatening a primary challenge against
Speaker 1: Thomas Massey looking for a candidate. By the way, the
Speaker 1: cannon's so looking at our complete and total psychos. Not
Speaker 1: that Thomas Massey and I are aligned, but at least
Speaker 1: respect to the fact that he has some principles, is
Speaker 1: willing to stand up for himself and his values.
Speaker 2: Trump is funding a primary challenge against him.
Speaker 1: Elon has now come in and said he is going
Speaker 1: to back Thomas Massey in that site, so directly taking
Speaker 1: on Trump in this one race that is becoming a
Speaker 1: sort of a focal point. Trump has also hit back
Speaker 1: at Elon. He said, Elon must knew long before he's
Speaker 1: so struggling and joins me for president, that I was
Speaker 1: struggling against the ev mandate.
Speaker 2: It's ridiculous was always a major part of my campaign.
Speaker 1: Electric cars are fine, but not everyone should be forced
Speaker 1: to own one.
Speaker 2: No one was being forced.
Speaker 1: Whatever, Elon may get more subsidy than any human being
Speaker 1: in history by far.
Speaker 2: Well, that might actually be true.
Speaker 1: Between Tesla and SpaceX and all of the massive government contracts,
Speaker 1: there's no doubt. I mean actually, under Obama he helped
Speaker 1: to rescue both Tesla and SpaceX and moved the space
Speaker 1: program away from being you know, house inside the government
Speaker 1: to private contractors. I eat, SpaceX and Elon Musk. So
Speaker 1: there is some truth to what Trump is saying here.
Speaker 1: In any case, he says he may get more subsidy
Speaker 1: than any human being in history by far. Without subsidies,
Speaker 1: Elon would probably have to close up shop, head back
Speaker 1: home to South Africa, no more rocket launches, satellites or
Speaker 1: electric car production, and our country would save a fortune.
Speaker 1: Perhaps we should have doge to get a good heart.
Speaker 1: Look at this big money to be saved, That is
Speaker 1: what Trump is saying. So they are back at full
Speaker 1: on war. Maybe Elon is going to tell us more
Speaker 1: about what he said before about the Epstein files and
Speaker 1: how Trump was in them. Not that literally anyone should
Speaker 1: have been surprised by that, since you have Jeffrey Epstein
Speaker 1: out there saying, Hey, me and Donald Trump, we were
Speaker 1: besties for a full on decade.
Speaker 2: We've got pictures, we know he was.
Speaker 1: On the Lilait to Express multiple times, so no one
Speaker 1: should be completely shocked by this. However, you know, Elon,
Speaker 1: they're really threatening to pull the pin. And it's been
Speaker 1: interesting how originally how meek Trump was in the face
Speaker 1: of Elon Musk, and how even after Elon said all
Speaker 1: of that stuff, Yeah, he counseled Jane Vance to be diplomatic,
Speaker 1: to not go aggressively against Elon. Trump really tried to
Speaker 1: cool things down, and ultimately Elon does back up, and
Speaker 1: now things have flared up again. I suspect this is
Speaker 1: going to continue to be the dynamic where there's kind
Speaker 1: of like a quiet period and then things explode because
Speaker 1: you're talking about too gigantic narcissists who think they're like
Speaker 1: the only people that matter in the entire world.
Speaker 2: So that is the Elon piece of this.
Speaker 1: There's a few other pieces that are really important to
Speaker 1: note this morning, so just adapting you on where things are.
Speaker 2: This is eight fifty three.
Speaker 1: Am on Tuesday, morning is when I'm recording this July first,
Speaker 1: and they've been voting in the Senate all night in
Speaker 1: what they call a quote unquote vote rama on all
Speaker 1: of these amendments to the one biggest beautiful bill. This
Speaker 1: is like the longest vot rama in history or something
Speaker 1: like that that I saw. And the way this works,
Speaker 1: of course, is this bill has to get through the Senate,
Speaker 1: which continues to be in doubt. Republicans can have ford
Speaker 1: no Debacarty's going to vote for it. Republicans can afford
Speaker 1: to lose three right now, they've got four in danger.
Speaker 1: So Rand Paul is a no over deaths of concerns.
Speaker 1: Tom Tillis is a no over a variety of concerns.
Speaker 1: And I know they covered yesterday how he is just
Speaker 1: he's not running for reelection and he is just going
Speaker 1: full like nuclear on Trump in this bill, etc.
Speaker 2: So Tillis is a no. Ran Paul is a no.
Speaker 2: That means you can lose one war.
Speaker 1: The two that are still out there are Susan Collins
Speaker 1: and Lisa Murkowski, who are the quote unquote moderates in
Speaker 1: the Republican caucus in the Senate. It looks like they're
Speaker 1: going to work in particular on Lisa Murkowski. She represents Alaska.
Speaker 1: They try to harve out these provisions in the bill
Speaker 1: to basically buy her off, to say, the Medicaid cuts,
Speaker 1: the food stamp cuts, they're not going to really apply
Speaker 1: and Alaska. In the same way, the parliamentary who comes
Speaker 1: in and says what things could be in the Reconciliationavielle
Speaker 1: and what things can can't be in the reconciliation bill
Speaker 1: said you can do this with regard to food stamps,
Speaker 1: but not with regard to Medicaid. Why I don't know,
Speaker 1: but in any case, so she's not getting all of
Speaker 1: the car bounce that had originally been promised to her.
Speaker 1: So I suppose her vote is still in doubt. This morning,
Speaker 1: I've seen all sorts of talk from Jake Sherman and
Speaker 1: others about she's haddling with John Thune and having this
Speaker 1: meeting and the side office and people are gathering around her,
Speaker 1: and she's got a patent paper.
Speaker 2: So I don't know what's going on there.
Speaker 1: But keep in mind, even if they get their votes
Speaker 1: in the Senate, it still has to go back to
Speaker 1: the House and they have to This is where it's
Speaker 1: called a Reconciliation Bill. It has to be reconciled with
Speaker 1: the House version, which is different from the Senate version.
Speaker 1: The House version passed by one vote, one vote, so
Speaker 1: it's squeaked by to start with. You have similar balancing
Speaker 1: act going on in the House between quote unquote motors
Speaker 1: you're concerned about the Medicaid cuts, concerned about the food
Speaker 1: stamp cuts, and the HARDMA budget hawks who are concerned
Speaker 1: about how much this is adding to the debt and
Speaker 1: the deficit. The Senate version as war to the debt
Speaker 1: and the deficit. Is my understanding. The House version in
Speaker 1: any case, I don't know. I think ultimately they probably
Speaker 1: figure out some way to get this through, that is
Speaker 1: my guess. But you can understand why Republicans are not
Speaker 1: excited to vote on this because it is so profoundly unpopular.
Speaker 1: I mean, this legislation, it is truly insane. I've seen
Speaker 1: other people describing it as effectively like committing national suicide,
Speaker 1: because not only do you have this massive upward transfer
Speaker 1: of wealth, possibly the largest upward transfer of wealth in history,
Speaker 1: from the cuts to social safety net programs, and that
Speaker 1: money being funneled directly to the top in the form
Speaker 1: of a gigantic, gigantic.
Speaker 2: Tax cut to the top.
Speaker 1: So you have that dynamic going on, and then you
Speaker 1: also have this attack on energy production at a time
Speaker 1: when energy production has perhaps been more critical, and specifically
Speaker 1: an attack on the new clean forms of energy production
Speaker 1: that certainly seem like the direction of the future and
Speaker 1: an area that China is investing massively in. They're already
Speaker 1: kicking our ass in solar in particular, and this bill
Speaker 1: would destroy our ability to innovate and to build in
Speaker 1: terms of solar, in terms of wind. Also, the aforementioned
Speaker 1: EV credits, so a lot of work has been done
Speaker 1: to do EV battery development in the United States is
Speaker 1: some of the successful work that actually did happen under
Speaker 1: the Biden administration.
Speaker 2: This would cut all of that, So that's insane.
Speaker 1: And then the other piece that you layer on top
Speaker 1: of this is a massive expansion of the police and
Speaker 1: surveillance state, specifically in the form of huge funding moving
Speaker 1: to ICE, expanding these private prison contracts for detention centers,
Speaker 1: so you know the raids that we've been seeing home
Speaker 1: depot and whatever.
Speaker 2: This would add so supercharged that.
Speaker 1: So you've got a tax kept for the rich, massive
Speaker 1: cuts of the working class of the poor, and then
Speaker 1: a huge expansion of the defense budget and the surveillance state.
Speaker 1: So that's kind of There's a bunch of other stuff
Speaker 1: with this bill too, but that's like the big picture
Speaker 1: of what's in here.
Speaker 2: Low and behold, it is profoundly unpopular.
Speaker 1: Harry antin dis did a big piece breaking down the
Speaker 1: approval rating of the bill on all the different polls
Speaker 1: that are asked people the question, Hey, how do you
Speaker 1: feel about this thing? It's underwater anywhere from like twenty
Speaker 1: to thirty points, and with independence, it's.
Speaker 2: Underwater more than forty points. Again, not a surprise. Just
Speaker 2: ask Steve Bannon.
Speaker 1: He's been warning about how incredibly unpopular this thing is
Speaker 1: going to be. I think Republicans have just number one
Speaker 1: decided that they're probably going to lose the House in
Speaker 1: the midterm, so they've like it's sort of like a
Speaker 1: lost cause at this point too. For Trump, as in
Speaker 1: his first term, this giant tax cut is just a
Speaker 1: massive priority for him, and it's something that really unites
Speaker 1: the Republican caucus. They want to do this giant tax
Speaker 1: cut for the rich, and so I don't think they're
Speaker 1: going to be shaken off of that this is one
Speaker 1: of the key promises that he made to his billionaire donors,
Speaker 1: that this tax cut would get extended from the original
Speaker 1: Tax Cut and Jobs Act that he passed in his
Speaker 1: first administration. So this is a key priority for him.
Speaker 1: He's not backing off of it. I think Republicans ultimately
Speaker 1: will probably find some way to get it through, but
Speaker 1: as of this morning, it is in doubt, and you
Speaker 1: can see it's creating all kinds of all kinds of
Speaker 1: tentions with him and Elon Musk and various parts of
Speaker 1: the coalition. Last thing that I'll mentioned here is the
Speaker 1: fact that there is polling that indicates that a lot
Speaker 1: of Americans don't actually know what is in this bill,
Speaker 1: which is a profound failure on the part of the
Speaker 1: Democratic Party. You know, you've got Kirsten Jilibrand out there
Speaker 1: who's too busy attacking zoron Mom Donnie in this incredibly
Speaker 1: racist way to effectively communicate on any other issue.
Speaker 2: In fact, she has now declined.
Speaker 1: To do any other interviews because she can't figure out
Speaker 1: how to I guess not be She's afraid of getting
Speaker 1: asked about Zoran and doesn't know how to, you know,
Speaker 1: keep the donor class happy and apac happy in particular
Speaker 1: without apparently getting you know, being like just outrageously islamophobic
Speaker 1: in her comments. So she's off the table. Not that
Speaker 1: she's anything wonderful in terms of communicator to begin with,
Speaker 1: but because you've have so many Democrats who are busy
Speaker 1: attacking Zoran, Mum Donnie and focus on these other things,
Speaker 1: you haven't had the messaging on.
Speaker 2: This bill really breakthrough. I mean.
Speaker 1: The other piece of this is that, of course there's
Speaker 1: been a lot of focus on the fact that Trump
Speaker 1: started a war with a ron so that has also
Speaker 1: sucked up a lot of the oxygen the attention in
Speaker 1: the room in terms of being able to tell people
Speaker 1: what is in this bill. But very few people actually
Speaker 1: even realize the dire cuts to Medicaid, the millions of
Speaker 1: Americans who will be cut off of health insurance, cut
Speaker 1: off of Medicaid that this bill entails.
Speaker 2: So it's very possible that.
Speaker 1: Even as bad as the polling is on it right now,
Speaker 1: that after it passes, it gets even worse as people
Speaker 1: realize just how damaging this thing is. You know, rural
Speaker 1: hospitals are going to close, so many people are going
Speaker 1: to lose health insurance, going to lose access to food stamps.
Speaker 1: There's all sorts of things in here that are going
Speaker 1: to cause problems for people. So it may be one
Speaker 1: of those things where this horror show passes and then
Speaker 1: people continue to realize just how horrible and politically toxic
Speaker 1: it is. Again, largest upward transfer of wealth in history.
Speaker 1: Republicans now at war with each other over this elon
Speaker 1: and Trump fully back at it. And that's where we
Speaker 1: are Plaza this morning,