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Speaker 1: Cable news is ripping us apart, dividing the nation, making

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Speaker 1: it impossible to function as a society and to know

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Speaker 1: what is true and what is false. The good news

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Speaker 1: is that they're failing and they know it. That is

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Speaker 1: why we're building something new. Be part of creating a new, better, healthier,

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Speaker 1: and more trustworthy mainstream by becoming a Breaking Points Premium

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Speaker 1: member today at breakingpoints dot com. Your hard earned money

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Speaker 1: is going to help us build for the midterms and

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Speaker 1: the upcoming presidential election so we can provide unparalleled coverage

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Speaker 1: of what is sure to be one of the most

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Speaker 1: pivotal moments in American history. So what are you waiting for?

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Speaker 1: Go to Breakingpoints dot com to help us out. Good morning, everybody,

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Speaker 1: Happy Thursday. We have an amazing show for everybody's day,

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Speaker 1: extra amazing because Chris is back. Indeed, it much better

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Speaker 1: to be back in the studio and I'm feeling fantastic, wonderful,

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Speaker 1: all of those good things. But I do reserve the

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Speaker 1: right to blame COVID brain fog for any certain things

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Speaker 1: that I like for here and on out here. All right,

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Speaker 1: let's to get to this morning. Some pretty stunning reports, leaks,

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Speaker 1: quotes coming from anonymous sources and name sources about just

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Speaker 1: what a catastrophe the Biden administration is. This is from

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Speaker 1: Democratic insiders who were saying, you know, not only is

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Speaker 1: he failing on a policy front, put on just like

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Speaker 1: basic managerial competence, which is pretty devastating. So we'll give

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Speaker 1: you all of those details, and there are many. We

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Speaker 1: also have new revelations about just how this psycho was

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Speaker 1: able to get his guns, the past interactions that he'd

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Speaker 1: had with law enforcement that certainly should have kept him

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Speaker 1: from being able to obtain the weapons that he did,

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Speaker 1: and yet here we are. So we'll tell you about that. Also,

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Speaker 1: some new drama with the airlines that you have to

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Speaker 1: see to believe. I mean, they're basically just caught lying

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Speaker 1: about what's going on and getting called out for it.

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Speaker 1: Story coming out of North Carolina someone we've talked to before,

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Speaker 1: Matthew Hoe, who is running as a Green Party candidate

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Speaker 1: for Senate there, and the dirtiest tricks you can be

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Speaker 1: imagined being pulled by Democrats to keep him off the ballot,

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Speaker 1: impersonating Green Party volunteers to try to bully voters into

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Speaker 1: removing their names from petitions, blocking him in a partisan way,

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Speaker 1: in a way that should be frankly illegal. So I'll

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Speaker 1: break that down for you as well. And this one

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Speaker 1: is pretty interesting. So Joe Rogan once again said something

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Speaker 1: that he had told us before, as he said many times,

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Speaker 1: not just us, right, maybe so the mainstream media noticed

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Speaker 1: that he had been approached before by Donald Trump for

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Speaker 1: an interview and had said no. And this is something

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Speaker 1: he's talked about before. Well, Steve Bannon is apparently upset

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Speaker 1: with Joe over him, you know, deciding not to do

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Speaker 1: an interview with Donald Trump. So break that down for you. Also,

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Speaker 1: the oil markets right now, totally wild, oil prices collapsing.

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Speaker 1: Obviously you are seeing it a little bit at the

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Speaker 1: gas pump, but not too much. So what exactly is

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Speaker 1: going on there? But we wanted to start with big

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Speaker 1: breaking news as of early this morning. Happened just this morning.

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Speaker 1: We were looking over it last night, didn't know what

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Speaker 1: exactly the status was going to be. But Boris Johnson

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Speaker 1: has officially resigned the office of Prime Minister in the

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Speaker 1: United Kingdom. He was speaking to the British people this morning.

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Speaker 1: Let's take a listen and to you, the British public.

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Speaker 1: I know that there will be many people who are relieved,

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Speaker 1: and perhaps quite a few who will also be disappointed.

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Speaker 1: And I want you to know how sad I am

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Speaker 1: to be giving up the best job in the world.

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Speaker 1: But them's the breaks, Them's the breaks, Crystal. I'll tell

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Speaker 1: you what I always loved Boris. You know, policy aside,

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Speaker 1: he was a character. He really was one of a

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Speaker 1: kind British figure. He will not going to see anybody

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Speaker 1: like him in British politics again. Now, in terms of

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Speaker 1: what this means, Boris has been in office for about

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Speaker 1: three years after winning that pretty stunning election which you

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Speaker 1: know pressage what I thought was could have been something interesting,

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Speaker 1: but COVID really took him off the rails. All of

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Speaker 1: these scandals kind of broke to the four in the

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Speaker 1: last forty eight hours where there were some decisions to

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Speaker 1: snap ones by his cabinet members, and that led to

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Speaker 1: a mass resignation in the last forty eight hours by

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Speaker 1: many of his most high ranking ministers. All of them

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Speaker 1: basically said they no longer had confidence in his ability

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Speaker 1: to take the government. The biggest problem for Boris was

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Speaker 1: he's just had scandal after scandal for scandal which seemed

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Speaker 1: very quaint here in the United States, though I think

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Speaker 1: the biggest one was that he was drinking and having

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Speaker 1: parties during COVID in like May of twenty twenty, by

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Speaker 1: the way, after he was in the hospital, which is unconsponable,

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Speaker 1: but he was having parties high government officials. He was

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Speaker 1: actually fined by the UK Police after the investigation found

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Speaker 1: that he did in fact break lockdown rules. That kind

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Speaker 1: of was just the beginning that he recently appointed somebody

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Speaker 1: who'd been accused of sexual assault or some sort of

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Speaker 1: lewd untoward behavior. But just in general, his standing within

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Speaker 1: the Conservative part has been in question now for some time,

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Speaker 1: and the mass resignation it does seem kind of planned.

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Speaker 1: You know, two people came and then the rest of

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Speaker 1: them went out, and so from now what's going to

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Speaker 1: happen is currently the British government is on something called

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Speaker 1: summer vacation, and in the annual party conference in the fall,

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Speaker 1: there's a committee of the Conservative Party which is going

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Speaker 1: to vote and elect their new leader, and whoever that

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Speaker 1: will be will become the Prime Minister of the UK

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Speaker 1: because they do have I believe they have two more

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Speaker 1: years until this another general election to be called there

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Speaker 1: but effectively, you know, he's resigned the office today, they'll

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Speaker 1: vote whoever his leader will be. I assume it will

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Speaker 1: be in the next coming weeks or months, and then

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Speaker 1: that person will succeed Boris Johnson as the next leader

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Speaker 1: in the Yatrum and he sort of wants to hang

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Speaker 1: on until the fall till they figure on his replacement.

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Speaker 1: But there are a lot of calls for him to

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Speaker 1: be gone basically immediately. I think one of his former

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Speaker 1: aides said that there would be quote carnage if he

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Speaker 1: wasn't out of there right away, and you know, just candidly.

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Speaker 1: I don't follow this nearly as closely as some people do,

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Speaker 1: but from reading into it, I mean, it seems like

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Speaker 1: this is one of those instances where the cover ups

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Speaker 1: were worse than the crime. So it's not just that

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Speaker 1: he had these COVID lockdown parties, which I did follow

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Speaker 1: that scandal pretty closely, because it had a lot of

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Speaker 1: echoes with different politicians here in the US who were

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Speaker 1: totally totally hypocrites, who were, you know, pro lockdown. Of course,

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Speaker 1: the UK was on pretty stringent lockdown at the time,

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Speaker 1: and not only is he having these weekly parties, but

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Speaker 1: then out and out lying about it. Multiple times. One

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Speaker 1: of his aides was caught. They were caught sort of

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Speaker 1: like making fun of the whole situation. And so that

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Speaker 1: was one piece. And then with this latest scandal, which

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Speaker 1: was sort of the straw that broke the camel's back.

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Speaker 1: I suppose not to minimize, you know, the serious business

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Speaker 1: of allegations here, but it wasn't just that this individual

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Speaker 1: was accused of sexual harassment. It was also that there

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Speaker 1: appeared to have been previous allegations that had been covered

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Speaker 1: up by Boris Johnson. You layer, on top of that,

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Speaker 1: there were a number of other scandals within the Conservative

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Speaker 1: Party of other sexual harassment, other sexual assaults, some of

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Speaker 1: them horrifying, some of them just like bizarre, like some

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Speaker 1: dude who was watching porn on his phone and the

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Speaker 1: House of Commons like what. So all of this added

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Speaker 1: up to a picture of someone who was not trustworthy,

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Speaker 1: who was caught repeatedly lying to the public covering up.

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Speaker 1: And so, you know, Boris Johnson, he initially had this

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Speaker 1: very sort of like buffoonish persona which I think has

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Speaker 1: sort of stayed with him, and this portrait of a

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Speaker 1: very undisciplined, untrustworthy character is what ultimately seems to have

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Speaker 1: done him, and they had fifty two of resignations this

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Speaker 1: week alone. One dude who he had just appointed on

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Speaker 1: like Tuesday, by Thursday was submitting his resignation, so it

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Speaker 1: became too much of a snowball effect for him to

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Speaker 1: be able to withstand, even though as recently as yesterday

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Speaker 1: he was saying, I'm not going anywhere. It's you know,

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Speaker 1: in their system, it's very difficult whenever you know you

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Speaker 1: might either lose a vote no confidence or when you

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Speaker 1: have no support amongst your party, because you wouldn't be

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Speaker 1: able to apple anybody to your cabinet. So the cabinet

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Speaker 1: there has a much, very interesting history in the way

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Speaker 1: that it works in terms of governance, and the ability

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Speaker 1: to balance your cabinet is not really the same as

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Speaker 1: it works with ours. It kind of used to work

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Speaker 1: that way in our system back in the eighteen hundreds

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Speaker 1: before Abraham Lincoln was president. So anyway, it's an interesting

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Speaker 1: system that they have. So that means that we will

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Speaker 1: have a new PM. The Conservative Party gets to decide

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Speaker 1: who that person will be, and then that person will

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Speaker 1: most likely stand for a general election against the Labor leader.

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Speaker 1: I believe their named Kerry Sterm. Yeah, I can never

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Speaker 1: say it correctly anyway, Sorry, Britz. Anyway, we're tracking very

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Speaker 1: closely for our purposes and for the world. I actually

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Speaker 1: do think it is a tremendously important in tremendously important development.

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Speaker 1: And here's the reason. Boris was probably the single most

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Speaker 1: hawkish leader on the European in Europe on Ukraine. So

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Speaker 1: he of course, you know, we covered the two stories here.

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Speaker 1: Number one, whenever his meeting with Zelenski and others, he said,

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Speaker 1: we're not interested in a peace agreement here at all.

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Speaker 1: This was months ago, kind of in the middle of

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Speaker 1: the fighting. And most recently he took Emmanuel macrone over

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Speaker 1: and said, hey, you need to stop this diplomacy and

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Speaker 1: all this other stuff. So the angle sphere, if they

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Speaker 1: do have somebody who is not as hawkish as Boris

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Speaker 1: Johnson and Boris really he was much more of a

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Speaker 1: student of Churchill, and he saw himself within that vein,

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Speaker 1: and he very much was much more hawkish towards Russia

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Speaker 1: than any other leader within not in the EU, but

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Speaker 1: you know his EU compatriots, I guess who he was

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Speaker 1: also meeting, and alongside Biden, they were pushing the most

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Speaker 1: stringent policy against Russia. So whoever they appoint, it's going

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Speaker 1: to be very very important to see how they approach

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Speaker 1: the Ukraine conflict. Are they going to have the same

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Speaker 1: policy towards that and actually, you know, could push things

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Speaker 1: in a different direction. So for our purposes, I think

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Speaker 1: that's probably the biggest takeaway. Also, remember we do amount

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Speaker 1: of a a tremendous amount of trade with the UK. We

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Speaker 1: have a bilateral trade agreement that's coming up I believe

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Speaker 1: before Congress and others is being negotiated. So there's other

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Speaker 1: interesting intersection areas as well. Yeah, that occurred to me

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Speaker 1: as well, because the US and the UK have really

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Speaker 1: been a united front in taking a uniformly hawkish approach

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Speaker 1: to Russia's war in Ukraine, you know, making it clear

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Speaker 1: that they want the war to continue rather than trying

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Speaker 1: to negotiate any sort of peace. As you said, Boris

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Speaker 1: Johnson being very aggressive and conveying that to the French

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Speaker 1: leader and very publicly telling everybody that he conveyed that

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Speaker 1: to the French leaders, even as the French like, wow,

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Speaker 1: that's not quite how it went. So the posture of

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Speaker 1: whoever comes next is going to be incredibly significant to

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Speaker 1: us and to what happens with that war going for

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Speaker 1: Do I expect there's going to be a tremendous shift. No,

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Speaker 1: not really, because ultimately I think you know, US is

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Speaker 1: driving this train, whether they should be or not. The

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Speaker 1: US is overwhelmingly sending the most amount of aid and weapons,

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Speaker 1: And even as Biden loves to use this rhetoric of like, oh,

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Speaker 1: we're just doing what the Ukrainians want, the truth of

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Speaker 1: the matter is that the US is driving the policy

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Speaker 1: here and UK is very likely to continue to back

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Speaker 1: up completely agree. So look, it'll be interesting, we'll see

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Speaker 1: what happens, and we'll keep everybody updated. Who knows what's

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Speaker 1: going to be, all right, So let's come back closer

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Speaker 1: to home here, back to the US, mister Biden and

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Speaker 1: his administration, which is also suffering from a lack of confidence.

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Speaker 1: Some pretty extraordinary reporting coming out now of mainstream outlets.

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Speaker 1: And before I show it to you, I really think

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Speaker 1: that this comes at a moment when even normy liberals

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Speaker 1: who are like vote blue no matter who, and you

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Speaker 1: got to back up the Democratic Party brand because the

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Speaker 1: Republicans are so much worse even they are seeing the

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Speaker 1: failures of this administration. I really do think it's tied

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Speaker 1: to the overturning of Roe versus Weight and just how

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Speaker 1: manifestly unprepared they were, how lackluster the response has been.

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Speaker 1: In spite of having many weeks of warning and ability

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Speaker 1: to sort of get their ducks in the row and

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Speaker 1: know what the response was, they've basically, you know, done

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Speaker 1: sort of less than nothing. And we'll get to that

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Speaker 1: in a minute. But I think that's the context through

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Speaker 1: which this reporting makes some sense and why it's coming

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Speaker 1: right now. So the CNN piece is quite astonished. I'm

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Speaker 1: going to read you a good bit of this, including

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Speaker 1: the lead, which is there's a lot going on here,

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Speaker 1: So they say actress Deborah Messing was fed up. The

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Speaker 1: former Will and Grace Starr was among dozens of celebrity

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Speaker 1: Democratic supporters and activists who joined a call with the

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Speaker 1: White House AIDS last Monday to discuss the overturning of

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Speaker 1: Roe versus Weight. The mood was fatalistic, according to people

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Speaker 1: on the call, which was also co organized by the

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Speaker 1: advocacy group Build Back Better Together. Messing said she had

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Speaker 1: gotten Biden elected and wanted to know why she was

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Speaker 1: being asked to do anything at all, yelling that there

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Speaker 1: didn't even seem to be a point to voting. Others

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Speaker 1: wondered why the call was happening that afternoon. What did

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Speaker 1: they get? They just got a follow up email with

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Speaker 1: some basic talking points and suggestions of Biden's speech clips

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Speaker 1: to share on TikTok. So they use that as the

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Speaker 1: lead to lay out this article of just how disenchanted

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Speaker 1: regular Democrats and people within Congress and within the White

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Speaker 1: House are becoming with the Biden administration. They say, top

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Speaker 1: Democrats complain the President isn't acting with or perhaps even

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Speaker 1: capable of the urgency the moment demands rudderless, aimless and hopeless,

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Speaker 1: is how one member of Congress described the White House.

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Speaker 1: Two dozen leading Democratic politicians and operatives, several within the

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Speaker 1: West Wing. So in the White House themselves tel CNN,

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Speaker 1: they feel this goes deeper than questions of ideology and posture. Instead,

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Speaker 1: they say it gets to questions of basic management. They

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Speaker 1: go on to detail some of the specific frustrations with

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Speaker 1: the lack of response and lack of ability to respond

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Speaker 1: to the overturning of Roe versus Wade. But put this

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Speaker 1: next piece up. The Washington Post kind of had a

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Speaker 1: follow up piece to this their headline is democratic criticisms

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Speaker 1: of Biden get louder and broader. The part that they

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Speaker 1: really emphasize here, Sager, is that piece about how there

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Speaker 1: is a lack of managerial competence, that it's not just

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Speaker 1: the ideology, but it's the questions of basic management. Because,

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Speaker 1: as we've been saying here for quite some time, you know,

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Speaker 1: Biden's central promise wasn't you're going to get the policy

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Speaker 1: of your dreams and desires. It wasn't that he's going

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Speaker 1: to be this transformational figure. It was the adults are

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Speaker 1: going to be back in charge, and we're going to

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Speaker 1: have basic competence operating at the White House again. And

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Speaker 1: so when you see even that is completely falling apart,

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Speaker 1: and predictably, by the way, if you followed what this

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Speaker 1: man's career has been like in Washington and what his

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Speaker 1: management style has been. Now that this is being openly

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Speaker 1: acknowledged in the papers, you know, CNN, Washington Post, New

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Speaker 1: York Times has had similar stories to this, this is

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Speaker 1: a dire moment for this process. This is not good

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Speaker 1: for the president. He's had a kind of a leak

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Speaker 1: proof white House, so to speak, a lot of his

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Speaker 1: people weren't coming out against him, but even his own

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Speaker 1: staff is pretty disgusted with his managing and handling of

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Speaker 1: all this. And I think it's bigger than Biden. I

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Speaker 1: don't think it's just Biden. I think it's the entire

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Speaker 1: Democratic leadership. I was reading a really interesting story actually

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Speaker 1: in Vox this morning, which is that there are a

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Speaker 1: lot of staffers at the level who've been working on

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Speaker 1: abortion now for a decade, and they're like, Okay, look,

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Speaker 1: we don't have the votes on Roe versus Wade. You

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Speaker 1: know what we do have. We've got votes on rape

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Speaker 1: and incests exceptions. We've got vote or we could put

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Speaker 1: Republicans at a very tough spot, you know, ninety ten

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Speaker 1: votes on many of these things, and we're not taking

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Speaker 1: any of them. And they point to the fact that

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Speaker 1: if you look in the past, they voted on pre

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Speaker 1: existing conditions before they voted on carve out pieces of

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Speaker 1: their broader legislation, because they understood that they could codify that.

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Speaker 1: And Republicans are shocked that they're not trying to put

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Speaker 1: their bosses in any of these positions. Why is the

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Speaker 1: president not doing that? So Executive orders is another one

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Speaker 1: what really struck me was just the sheer lack of

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Speaker 1: competence where they didn't have a statement or action ready

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Speaker 1: to go on the day the decision came because they

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Speaker 1: believed their White House counsel who assured them he's like, hey,

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Speaker 1: don't worry, the decision is not coming today. First of all,

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Speaker 1: how would he even know? Second, you know, you should

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Speaker 1: probably just plan just in case. Every single day. We

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Speaker 1: certainly were, you know, the entire time, didn't know if

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Speaker 1: it was going to come, had a prep right just

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Speaker 1: in case. You know, we knew what to look for,

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Speaker 1: et cetera. You and I were expecting the decision on

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Speaker 1: that day. I mean, that's why you were ready to

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Speaker 1: go and do a segment and get it out in

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Speaker 1: the world. So like, how is it that we know

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Speaker 1: more than the White House? No, I knew there was

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Speaker 1: a fifty I was like, oh, well, I think it'll

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Speaker 1: probably remaining. It had to be one of like the

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Speaker 1: next few days. So it's not rocket science, listen, I

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Speaker 1: you know, it just shows you. They quote somebody saying

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Speaker 1: it's like throwing spaghetti at the wall, and just over

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Speaker 1: and over again, you're seeing a lot of people in

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Speaker 1: the administration who are just really disgusted because abortion, it

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Speaker 1: just that's you know, the normy lib obviously that's what

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Speaker 1: they're going to care about the most. But gas is

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Speaker 1: a good one. You know what is beyond shouting at

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Speaker 1: gas stations and saying please bring down this price? Like

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Speaker 1: what have you done on inflation? On food? I mean,

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Speaker 1: so many of the pressing issues we were looking We're

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Speaker 1: going to talk soon about polling later on in the show.

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Speaker 1: But if you look further at the number one thing

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Speaker 1: that mayor care about, it's thirty three percent is inflation.

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Speaker 1: Twenty something percent is the economy, which is code for inflation,

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Speaker 1: and I think number three is like food prices, which

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Speaker 1: is also inflation. So we're talking here about sixty some

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Speaker 1: percent of people are like, hey, I care about inflation.

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Speaker 1: I want you to talk about inflation. I want you

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Speaker 1: to do something about inflation. Inflation, inflation, inflation. Where is

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Speaker 1: the what is he doing all day? It just seems

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Speaker 1: completely feckless. He's either a broad you know, unable to

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Speaker 1: articulate any sort of vision both for the world and

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Speaker 1: for us here at home, and he's floundering. I mean,

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Speaker 1: I don't think we can overstate just how badly he's

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Speaker 1: doing and this all is going to culminate in the

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Speaker 1: twenty twenty four election. He's about to get shellacked, you know,

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Speaker 1: probably probably, And you're doing a midtermoth on this in

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Speaker 1: the midterms, but regardless, it's going to not be a

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Speaker 1: good showing. He has to come out swinging. The presidents

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Speaker 1: in the past who've been able to win despite that,

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Speaker 1: Obama and Clinton really mounted a full force campaign in

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Speaker 1: the last two years of their first terms in order

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Speaker 1: to try and get real life I don't see a

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Speaker 1: lot of that happening here. Which, yeah, pattern, Look, there's

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Speaker 1: no doubt for voters. Number one issue is economy, economy, economy,

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Speaker 1: There's just no doubt about that. But I do think

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Speaker 1: the abortion issue is really key for this sort of

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Speaker 1: like normy Dems and liberal press turning on Biden because

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Speaker 1: this is the issue that they have offered as like

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Speaker 1: this is the reason why you vote for Democrats, to

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Speaker 1: protect women's right to choose, like this has been bedrock

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Speaker 1: of democratic politics for at least the past decade. And

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Speaker 1: so you know, first of all, when this happened, there

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Speaker 1: was an instant realization of when the league came out,

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Speaker 1: even there was this instant realization of Wait a second.

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Speaker 1: Republicans were not quiet about what their goals were here.

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Speaker 1: You knew this was where we were going. You've had

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Speaker 1: opportunities in the past where you had majorities and supermajorities

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Speaker 1: to codify this, to prevent this exact eventuality, and for

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Speaker 1: some reason you didn't do it. And then even okay,

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Speaker 1: so the leak comes out, and then they've got seven

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Speaker 1: weeks to figure out, all right, this is coming, we

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Speaker 1: see it. You know, we've got time to prepare. We

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Speaker 1: can work with the pro choice groups, figure out what

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Speaker 1: our response is going to be, figure out some legislation,

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Speaker 1: we can post how to divide the GOP caucus, which

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Speaker 1: is like the most obvious no brainer of all time.

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Speaker 1: And instead they're caught completely flat footed, to the point that, yeah,

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Speaker 1: the person who's like the point person on responding was

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Speaker 1: like out getting coffee when the decision came down, no

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Speaker 1: response really prepared. Still here we are, however, many days

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Speaker 1: and weeks later, and they still haven't really figured out

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Speaker 1: what it is they're going to do. We had some

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Speaker 1: conference called with governors and oh, we're going to come up,

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Speaker 1: you know, listen to them and get their ideas, and

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Speaker 1: then we're going to come back to you still haven't

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Speaker 1: seen any of those sort of action items come out

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Speaker 1: of that meeting. So I think the fact that on

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Speaker 1: this issue that has been really central to the Democratic

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Speaker 1: message and ideology that they have so clearly failed to

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Speaker 1: meet the moment, I do think it's been sort of

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Speaker 1: eye opening for a lot of normy Democrats and the

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Speaker 1: liberal press and has given them permission to take the

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Speaker 1: gloves off and criticize in a way that they normally don't.

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Speaker 1: I think the main thing is, and you're going to

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Speaker 1: be the major expert, is is to see democratic politicians

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Speaker 1: begin to turn against him at the state level is

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Speaker 1: very very significant. This is happening. Yeah, So this is

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Speaker 1: an extraordinary story too. So in addition to their failed response,

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Speaker 1: we also learned that literally on the day that Roe

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Speaker 1: was being overturned, Biden was cutting a deal with Senator

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Speaker 1: Mitch McConnell to install an anti choice federal judge, which,

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Speaker 1: of course federal judge ships are for life. So this

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Speaker 1: is a big deal, and it's in the state of Kentucky.

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Speaker 1: Let's go ahead and put this next piece up on

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Speaker 1: the screen here. So Democratic Governor of Kentucky, Andy Basher,

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Speaker 1: after coming under pressure from the media to release these

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Speaker 1: emails about this individual's last names Meredith, who's being nominated

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Speaker 1: for this a federal judge ship. He actually released the

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Speaker 1: private emails that went back and forth between his office

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Speaker 1: and the White House explaining that this dude, Chad Meredith,

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Speaker 1: was going to be put up for this appointment. This

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Speaker 1: is really you know, no, I actually I know Andy

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Speaker 1: Bushier met him, talk to a many number of times

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Speaker 1: when I lived in Kentucky's a very small world for

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Speaker 1: Democratic politics. First of all, regular Kentucky Democrats party loyalists

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Speaker 1: are furious about this. John Yarmouth, who's the only Democratic

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Speaker 1: congressman who represents Louisville. He's actually retiring this year. He

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Speaker 1: has been outspoken about how outraged she is. The few

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Speaker 1: people that I reached out to, you know, on the

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Speaker 1: ground there who are again like Democratic Party stall warts,

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Speaker 1: they cannot believe it, how outrageous this is, especially coming

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Speaker 1: at this point in time. And Chad Meredith is like,

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Speaker 1: you know, he's like sort of a well known political operative.

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Speaker 1: He was in the Matt Bevan administration, so he's a

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Speaker 1: very partisan guy. Somebody who's well known to the politicos

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Speaker 1: in the state. But to have Andy Basheer, who again

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Speaker 1: is his dad was governor, democratic governor as well, total

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Speaker 1: party loyalist, normal mainstream democratic dude, to have him release

430
00:22:15,760 --> 00:22:18,840
Speaker 1: these confidential emails from the white House, that's also a

431
00:22:18,840 --> 00:22:20,679
Speaker 1: pretty extraordinary move. Yeah, And I think what they were

432
00:22:20,760 --> 00:22:23,040
Speaker 1: pointing to is that the press in Kentucky was like,

433
00:22:23,080 --> 00:22:24,679
Speaker 1: are you sure that the White House said that they

434
00:22:24,680 --> 00:22:25,960
Speaker 1: were going to do this? And he's like, yeah, I

435
00:22:25,960 --> 00:22:28,199
Speaker 1: am sure, here's the plan, and he literally released his

436
00:22:28,240 --> 00:22:31,680
Speaker 1: own emails with the president. Think about how extraordinary that

437
00:22:31,840 --> 00:22:36,200
Speaker 1: is normally democratic governor, you know, in a red state.

438
00:22:36,280 --> 00:22:39,520
Speaker 1: So I guess he has some incentive to buck the administration,

439
00:22:39,560 --> 00:22:42,120
Speaker 1: but very much been kind of a friend of the Bidens.

440
00:22:42,160 --> 00:22:44,439
Speaker 1: And then to just release the email like that, I

441
00:22:44,520 --> 00:22:47,120
Speaker 1: just think it's stunning. I mean to see, I can't

442
00:22:47,160 --> 00:22:50,240
Speaker 1: even think of a parallel where there's such a lock

443
00:22:50,440 --> 00:22:54,159
Speaker 1: on party loyalty for state governors like that to just

444
00:22:54,480 --> 00:22:57,280
Speaker 1: turn against Biden. And I think it's a growing trend.

445
00:22:57,320 --> 00:23:00,119
Speaker 1: You know, Gavin Newsom clearly is also smelling blood, and

446
00:23:00,160 --> 00:23:03,160
Speaker 1: he's trying to position himself as the anti Ron DeSantis

447
00:23:03,240 --> 00:23:05,840
Speaker 1: twenty twenty four. Pick, I don't think that's going to happen.

448
00:23:05,880 --> 00:23:08,160
Speaker 1: But the fact that he feels, you know, he's like, hey,

449
00:23:08,160 --> 00:23:11,199
Speaker 1: you know what, Biden's a disaster. I want to recall election.

450
00:23:11,280 --> 00:23:13,520
Speaker 1: Maybe I should be the one who takes the mantle.

451
00:23:13,640 --> 00:23:15,919
Speaker 1: I think that really does show you that the people

452
00:23:15,960 --> 00:23:18,240
Speaker 1: out in the states who can just feel how terrible

453
00:23:18,280 --> 00:23:20,840
Speaker 1: Biden is and how know how unpopular he is in

454
00:23:20,880 --> 00:23:23,600
Speaker 1: their states, they don't feel like they need to fall

455
00:23:23,640 --> 00:23:26,480
Speaker 1: in line, and you know, I think their constituents will

456
00:23:26,480 --> 00:23:29,359
Speaker 1: probably reward them for that. That's the biggest problem for Biden. Yeah,

457
00:23:29,359 --> 00:23:31,800
Speaker 1: well that's very true. That is very true. I think

458
00:23:31,840 --> 00:23:34,080
Speaker 1: I saw a headline Tim Ryan is running for Senate

459
00:23:34,080 --> 00:23:36,800
Speaker 1: in Ohio is like not going to appear with Biden's state.

460
00:23:36,840 --> 00:23:38,639
Speaker 1: I mean, these are the sort of things that have

461
00:23:39,119 --> 00:23:42,440
Speaker 1: that hasn't happened really up till now, because even though

462
00:23:42,480 --> 00:23:45,199
Speaker 1: Biden has not been a popular president for you know,

463
00:23:45,280 --> 00:23:48,320
Speaker 1: the last year, he hasn't had this sort of like

464
00:23:48,560 --> 00:23:53,280
Speaker 1: radioactive quality to him where rural or moderate or swing

465
00:23:53,280 --> 00:23:55,760
Speaker 1: state Dems feel like I got to keep my distance.

466
00:23:56,080 --> 00:23:59,680
Speaker 1: That's changing, and it's changing pretty quickly. Another sign of

467
00:24:00,000 --> 00:24:02,920
Speaker 1: decline in the White House is one of his top

468
00:24:03,000 --> 00:24:06,359
Speaker 1: aides who was there with him throughout the campaign. Kate Bettingfield,

469
00:24:06,359 --> 00:24:09,520
Speaker 1: who's White House Communications director, she is going to be

470
00:24:09,600 --> 00:24:11,399
Speaker 1: leaving the White House later this month. I think we

471
00:24:11,440 --> 00:24:12,919
Speaker 1: have this that we can put up on the screen.

472
00:24:13,400 --> 00:24:16,359
Speaker 1: The tweet here says news. White House Communications director Kate Baddingfield,

473
00:24:16,440 --> 00:24:20,640
Speaker 1: a trusted Biden aid since his time as Obama's Vice president,

474
00:24:21,240 --> 00:24:23,080
Speaker 1: will be departing the White House later this month. For

475
00:24:23,160 --> 00:24:25,040
Speaker 1: White House officials, now, of course they'll say, oh, she

476
00:24:25,240 --> 00:24:28,120
Speaker 1: just she's really tired, her family, or whatever excuse they're

477
00:24:28,160 --> 00:24:30,800
Speaker 1: going to make. But when you start seeing high level

478
00:24:30,960 --> 00:24:33,439
Speaker 1: people like this who have been there for years saying

479
00:24:34,240 --> 00:24:37,479
Speaker 1: I'm done, that's a sign of a real problem. Is

480
00:24:37,480 --> 00:24:40,200
Speaker 1: something we tracked with Kamala Harris's office of course closely

481
00:24:40,240 --> 00:24:42,840
Speaker 1: as well. And going back to that initial CNN piece

482
00:24:42,880 --> 00:24:45,080
Speaker 1: that we were looking at, they actually have a quote

483
00:24:45,119 --> 00:24:47,639
Speaker 1: in there they say Several officials say Biden's tendency to

484
00:24:47,840 --> 00:24:51,520
Speaker 1: breat advisors when he's displeased with how situation is being

485
00:24:51,520 --> 00:24:54,320
Speaker 1: handled or when events go off poorly has trickled down

486
00:24:54,320 --> 00:24:56,640
Speaker 1: the ranks in the West Wing, leaving several mid level

487
00:24:56,680 --> 00:24:59,960
Speaker 1: aids feeling blamed for failings. Despite lacking any real abilit

488
00:25:00,000 --> 00:25:03,520
Speaker 1: wility to influence the building's decision making. That has contributed

489
00:25:03,560 --> 00:25:07,440
Speaker 1: to some of the recent staff departures, according to people familiar.

490
00:25:07,840 --> 00:25:12,439
Speaker 1: So Biden's management style, as I've discussed before, as he

491
00:25:12,560 --> 00:25:15,359
Speaker 1: is kind of a micromanager, but he's also incapable of

492
00:25:15,359 --> 00:25:18,960
Speaker 1: making a decision, and you see that now playing out

493
00:25:19,160 --> 00:25:22,960
Speaker 1: in his inability to just move forward on some things

494
00:25:23,000 --> 00:25:25,440
Speaker 1: and ideas that have been floating in the ether now

495
00:25:25,480 --> 00:25:28,119
Speaker 1: for months and months. Classic example of this is the

496
00:25:28,160 --> 00:25:31,199
Speaker 1: student loan debt thing. How many weeks ago did we hear, Oh,

497
00:25:31,240 --> 00:25:33,399
Speaker 1: he's thinking about doing it, and maybe he's going to

498
00:25:33,440 --> 00:25:35,160
Speaker 1: be tend that, maybe he's going to be means testing

499
00:25:35,160 --> 00:25:37,400
Speaker 1: it's coming anytime. He's going to make a decision anytime.

500
00:25:38,280 --> 00:25:42,000
Speaker 1: Here we are still no decision on something he could

501
00:25:42,040 --> 00:25:44,800
Speaker 1: have literally done on day one on his own, doesn't

502
00:25:44,880 --> 00:25:47,800
Speaker 1: in Congress, doesn't he mansion parliamentary and none of that.

503
00:25:48,040 --> 00:25:51,960
Speaker 1: So his even though like you said, of course you

504
00:25:52,000 --> 00:25:54,679
Speaker 1: know not every problem is because of him, but a

505
00:25:54,720 --> 00:25:57,720
Speaker 1: lot of it does come back to his management style,

506
00:25:57,800 --> 00:26:01,879
Speaker 1: his inability to make decisionslity to delegate, and the fact

507
00:26:01,880 --> 00:26:04,439
Speaker 1: that that really hangs up the White House response on

508
00:26:04,640 --> 00:26:08,040
Speaker 1: literally everything, and then we're seeing from quotes from within

509
00:26:08,080 --> 00:26:12,159
Speaker 1: the room that his response to this frustration that is

510
00:26:12,200 --> 00:26:14,359
Speaker 1: caused by his own failings is then to yell at

511
00:26:14,400 --> 00:26:16,600
Speaker 1: and brate his advisors. Yeah, that's right. I mean, when

512
00:26:16,640 --> 00:26:18,680
Speaker 1: you put it that way and you just really consider

513
00:26:18,880 --> 00:26:22,920
Speaker 1: how much these people are turning against him that we're

514
00:26:22,960 --> 00:26:25,080
Speaker 1: seeing at the state level and more, I just think

515
00:26:25,160 --> 00:26:27,760
Speaker 1: that it just shows you that he's in a real

516
00:26:27,960 --> 00:26:30,960
Speaker 1: he's in real trouble. He's exactly in Jimmy Carter territory.

517
00:26:31,160 --> 00:26:33,520
Speaker 1: It's exactly at these times when Ted Kennedy and others

518
00:26:33,560 --> 00:26:36,119
Speaker 1: decided to launch and run against him. It's also at

519
00:26:36,160 --> 00:26:39,320
Speaker 1: this time when Reagan and his advisors this is quaint,

520
00:26:39,320 --> 00:26:41,040
Speaker 1: but at the time they're like, could a sixty something

521
00:26:41,119 --> 00:26:44,000
Speaker 1: year old person really get elected? He seems so old?

522
00:26:44,640 --> 00:26:46,880
Speaker 1: And Reagan was like, na, man, I could beat this guy,

523
00:26:46,960 --> 00:26:49,800
Speaker 1: and he was pointing to Jimmy Carter. So yeah, I

524
00:26:49,880 --> 00:26:52,119
Speaker 1: kind of wish for the days where sixty eight seemed

525
00:26:52,119 --> 00:26:54,640
Speaker 1: too old to be president. But that's where we are.

526
00:26:54,680 --> 00:26:57,040
Speaker 1: So he finds himself in the exact same political conditions,

527
00:26:57,359 --> 00:26:59,159
Speaker 1: and that just causes a tremendous amount of chaos in

528
00:26:59,200 --> 00:27:00,919
Speaker 1: the country, and you know, it's bad for the country

529
00:27:00,920 --> 00:27:03,480
Speaker 1: to have somebody that lacks so little confidence in their

530
00:27:03,520 --> 00:27:05,920
Speaker 1: own party and in the people at the highest level.

531
00:27:06,080 --> 00:27:08,080
Speaker 1: I mean, it's bad for the country when we have

532
00:27:08,160 --> 00:27:10,560
Speaker 1: so many crises that need to be dealt with and

533
00:27:10,600 --> 00:27:14,119
Speaker 1: he's unable to, you know, galvanize any sort of response

534
00:27:14,200 --> 00:27:17,199
Speaker 1: to any of it. So, yeah, it's a sad date

535
00:27:17,240 --> 00:27:19,439
Speaker 1: of affairs. And then the last piece of this is

536
00:27:19,480 --> 00:27:21,520
Speaker 1: you were alluding to the fact that, you know, not

537
00:27:21,560 --> 00:27:23,320
Speaker 1: only do you have Andy Basheer bucking him in the

538
00:27:23,359 --> 00:27:25,760
Speaker 1: state of Kentucky, you've got Gavin Newsome kind of testing

539
00:27:25,800 --> 00:27:28,199
Speaker 1: the waters out in California. Very bold when you have

540
00:27:28,240 --> 00:27:30,560
Speaker 1: an incumbent president and clearly he feels he's not going

541
00:27:30,600 --> 00:27:34,600
Speaker 1: to pay any price for pretty actively floating his own

542
00:27:34,800 --> 00:27:37,600
Speaker 1: own twenty twenty four considerations, even as Biden has been

543
00:27:37,640 --> 00:27:41,920
Speaker 1: totally clear I'm running again. The other person who's starting

544
00:27:41,920 --> 00:27:46,719
Speaker 1: to get attention is Illinois Governor JB. Pritzker, who's, you know,

545
00:27:47,040 --> 00:27:50,320
Speaker 1: billionaire dude. No one would expect him to be the

546
00:27:50,400 --> 00:27:53,600
Speaker 1: sort of like Democratic savior, and it's a sign of

547
00:27:53,640 --> 00:27:57,120
Speaker 1: how low the bar is honestly, that there's such, he's

548
00:27:57,200 --> 00:28:00,440
Speaker 1: having such a moment because it's like, all, he hasn't

549
00:28:00,480 --> 00:28:03,080
Speaker 1: done anything extraordinary. It's just he campaigned on a few

550
00:28:03,119 --> 00:28:05,919
Speaker 1: things and then like actually did them, and people are like,

551
00:28:06,040 --> 00:28:10,239
Speaker 1: oh my god, this dude is incredible. So put this

552
00:28:10,400 --> 00:28:13,040
Speaker 1: Washington Post piece up on the screen, which talks about

553
00:28:13,040 --> 00:28:15,880
Speaker 1: exactly this dynamic. They say. As some Democrats grow impatient

554
00:28:15,920 --> 00:28:20,040
Speaker 1: with Biden, alternative voices emerge and they lay out this

555
00:28:20,560 --> 00:28:25,320
Speaker 1: contrast with Pritzker. So when Biden heard about the Highland

556
00:28:25,320 --> 00:28:28,520
Speaker 1: Park killings that we're going to talk about next, all

557
00:28:28,560 --> 00:28:32,160
Speaker 1: he said at this Independence Day barbecue was he got

558
00:28:32,240 --> 00:28:34,440
Speaker 1: up and sort of like mumbled in this typical way.

559
00:28:34,680 --> 00:28:37,399
Speaker 1: You all heard what happened today. Things will get better still,

560
00:28:37,440 --> 00:28:39,920
Speaker 1: but not without more hard work together. That's it, okay.

561
00:28:40,040 --> 00:28:41,840
Speaker 1: He then later got up and gave a little bit

562
00:28:41,880 --> 00:28:45,400
Speaker 1: more fulsome remarks. But in contrast to that, Jabe Pritzker,

563
00:28:45,440 --> 00:28:47,200
Speaker 1: is the governor of the state where this all happened,

564
00:28:47,360 --> 00:28:49,360
Speaker 1: you know, immediately came out with a much more sort

565
00:28:49,400 --> 00:28:53,600
Speaker 1: of clear and forceful response. Again, it's not like Pritzker's

566
00:28:53,640 --> 00:28:57,280
Speaker 1: response was anything mind blowing. It just showed like a

567
00:28:57,280 --> 00:28:59,760
Speaker 1: little bit of energy and a little bit of emotion

568
00:29:00,000 --> 00:29:03,480
Speaker 1: and in response to what is an obviously gut wrenching,

569
00:29:03,560 --> 00:29:06,440
Speaker 1: horrific tragedy, let's take a listen to what Pritzker had

570
00:29:06,440 --> 00:29:10,040
Speaker 1: to say. If you're angry today, I'm here to tell

571
00:29:10,080 --> 00:29:15,400
Speaker 1: you be angry. I'm furious. I'm furious that yet more

572
00:29:15,600 --> 00:29:19,840
Speaker 1: innocent lives were taken by gun violence. I'm furious that

573
00:29:19,920 --> 00:29:23,840
Speaker 1: their loved ones are forever broken by what took place today.

574
00:29:24,680 --> 00:29:29,000
Speaker 1: I'm furious that children and their families have been traumatized.

575
00:29:30,320 --> 00:29:33,440
Speaker 1: I'm furious that this is happening in communities all across

576
00:29:33,560 --> 00:29:38,320
Speaker 1: Illinois and America. I'm furious because it does not have

577
00:29:38,400 --> 00:29:42,120
Speaker 1: to be this way, and yet we as a nation, well,

578
00:29:42,960 --> 00:29:47,280
Speaker 1: we continue to allow this to happen while we celebrate

579
00:29:47,280 --> 00:29:50,680
Speaker 1: the fourth of July just once a year. Mass shootings

580
00:29:51,040 --> 00:29:56,760
Speaker 1: have become our weekly, yes, weekly, American tradition. And I

581
00:29:56,800 --> 00:30:01,240
Speaker 1: think Pritsker shows to I know you were telling me,

582
00:30:01,320 --> 00:30:03,360
Speaker 1: and I was like, that's it. That's why people like

583
00:30:03,400 --> 00:30:05,400
Speaker 1: this guy. And I think that right, it is a

584
00:30:05,440 --> 00:30:07,959
Speaker 1: sign of how people are just desperate for He at

585
00:30:08,040 --> 00:30:10,040
Speaker 1: least has his finger on the pulse of how the

586
00:30:10,080 --> 00:30:13,640
Speaker 1: Democratic base is kind of feeling so channeling that emotion.

587
00:30:14,240 --> 00:30:17,480
Speaker 1: But I actually think that that is noteworthy that you know,

588
00:30:17,560 --> 00:30:20,720
Speaker 1: it's not even that he called for specific policies and

589
00:30:20,960 --> 00:30:23,320
Speaker 1: had this whole agendaly, Okay, here's what we're going to do, X,

590
00:30:23,400 --> 00:30:26,239
Speaker 1: Y and Z. It was just that he had a

591
00:30:26,400 --> 00:30:29,880
Speaker 1: forceful response that was clear in the moment, that included

592
00:30:29,920 --> 00:30:33,120
Speaker 1: emotion that a lot of people were feeling. People aren't

593
00:30:33,200 --> 00:30:36,200
Speaker 1: asking for Biden to be a magician or a rocket

594
00:30:36,200 --> 00:30:38,560
Speaker 1: scientist or any of that. They just want to feel

595
00:30:38,560 --> 00:30:41,960
Speaker 1: like he's at least engaged and at least trying, And

596
00:30:42,120 --> 00:30:45,920
Speaker 1: you're really getting none of that. Oh I can't even,

597
00:30:46,160 --> 00:30:47,880
Speaker 1: Like I said, I watched it. I was like, really,

598
00:30:47,920 --> 00:30:50,320
Speaker 1: that's it. But look when the bar is this slow,

599
00:30:50,720 --> 00:30:52,680
Speaker 1: I guess I get it. It reminds me of the

600
00:30:52,720 --> 00:30:55,760
Speaker 1: Cuomo love, you know, in the middle of the pandemic,

601
00:30:55,760 --> 00:30:59,240
Speaker 1: where literally all he did was seem semi competent, even

602
00:30:59,280 --> 00:31:01,320
Speaker 1: though he was killing old people with his nursing home

603
00:31:01,360 --> 00:31:03,800
Speaker 1: policies and then bailing them out with some nursing home

604
00:31:04,120 --> 00:31:07,640
Speaker 1: liability shield. But people thought, hey, at least he can speak.

605
00:31:07,800 --> 00:31:11,040
Speaker 1: So Pritzker did do one thing that's that's you're gonna

606
00:31:11,120 --> 00:31:15,000
Speaker 1: You're gonna kind of appreciate this. So he cut the

607
00:31:15,040 --> 00:31:17,640
Speaker 1: gas tax and also I think like the grocery tax

608
00:31:17,680 --> 00:31:22,880
Speaker 1: in the state, and he mandated that gas stations and

609
00:31:22,920 --> 00:31:26,080
Speaker 1: grocery stores put up a sign telling people that they

610
00:31:26,120 --> 00:31:29,480
Speaker 1: are benefiting from this tax. Get love that. Yeah, I

611
00:31:29,480 --> 00:31:33,000
Speaker 1: support this is someone who understands. Polis signed the stimulus checks.

612
00:31:33,040 --> 00:31:35,080
Speaker 1: I was like, hey, yeah, that's good. That. Oh my god,

613
00:31:35,080 --> 00:31:39,720
Speaker 1: a Democrat who actually like understands politics. So so anyway,

614
00:31:39,760 --> 00:31:42,240
Speaker 1: that's the Pritzker flirtation. And then the last thing, we

615
00:31:42,320 --> 00:31:43,880
Speaker 1: just have a couple of poll numbers to show you

616
00:31:43,920 --> 00:31:46,360
Speaker 1: that is the backdrop for all of this Monmouth poll

617
00:31:46,720 --> 00:31:48,480
Speaker 1: that just came out. Put this up on the screen.

618
00:31:48,520 --> 00:31:54,200
Speaker 1: We've got right direction for the country ten percent wrong

619
00:31:54,280 --> 00:31:57,080
Speaker 1: track eighty eight percent. That's as close to unanimous as

620
00:31:57,080 --> 00:31:59,840
Speaker 1: you can possibly get. Biden's job approval rating put the

621
00:32:00,240 --> 00:32:02,959
Speaker 1: piece up now, sinking to a new low in this

622
00:32:03,000 --> 00:32:08,400
Speaker 1: particular poll, thirty six percent approval rating, fifty eight percent disapproved.

623
00:32:08,640 --> 00:32:11,920
Speaker 1: Look at that curve. It's sane, it's bad, and I

624
00:32:12,000 --> 00:32:15,120
Speaker 1: mean the thing for him is obviously the Republicans united

625
00:32:15,120 --> 00:32:18,000
Speaker 1: in opposition to him. He's lost, you know, an overwhelming

626
00:32:18,040 --> 00:32:22,400
Speaker 1: majority of independence, but he also has among self identified Democrats,

627
00:32:22,480 --> 00:32:26,120
Speaker 1: especially young ones, who also are completely disenchanted. Now those

628
00:32:26,160 --> 00:32:28,760
Speaker 1: aren't people who are going to vote for Republicans, but

629
00:32:28,880 --> 00:32:31,120
Speaker 1: are they going to show up in the midterms? You know,

630
00:32:31,200 --> 00:32:34,840
Speaker 1: this is this is a pretty devastating state of affairs.

631
00:32:34,960 --> 00:32:37,960
Speaker 1: Current president face total disaster and the right right track

632
00:32:38,000 --> 00:32:40,400
Speaker 1: wrong track, which you know is the one that I

633
00:32:40,400 --> 00:32:43,520
Speaker 1: would focus on the most. At eighty eight percent wrong track,

634
00:32:43,600 --> 00:32:47,880
Speaker 1: ten percent right direction. That just shows you that they're

635
00:32:47,920 --> 00:32:51,200
Speaker 1: in serious issue with the feeling of chaos. And that's

636
00:32:51,200 --> 00:32:53,520
Speaker 1: what was getting to you about gas and inflation. More,

637
00:32:53,760 --> 00:32:57,040
Speaker 1: everything is chaotic. We're talking about the airline, airlines not

638
00:32:57,200 --> 00:33:00,600
Speaker 1: functioning properly. It's like, is anything in America in life

639
00:33:00,800 --> 00:33:03,680
Speaker 1: working at all? And the answer is pretty much no.

640
00:33:03,920 --> 00:33:07,760
Speaker 1: I mean, beyond what is things are expensive. You were

641
00:33:07,800 --> 00:33:12,080
Speaker 1: seeing the businesses are in a very strange position because

642
00:33:12,120 --> 00:33:14,000
Speaker 1: many of them at the same time have to pay

643
00:33:14,120 --> 00:33:15,960
Speaker 1: very much for workers, which you know, I think that's

644
00:33:15,960 --> 00:33:18,720
Speaker 1: a good thing, but also you know, from an inflation perspective,

645
00:33:18,720 --> 00:33:21,760
Speaker 1: the smallest ones are getting hammered. Also, we're seeing reductions

646
00:33:21,760 --> 00:33:25,000
Speaker 1: in consumer spending. We could very likely be in a recession.

647
00:33:25,040 --> 00:33:29,040
Speaker 1: GDP is contracting. But again, we talked about this on Tuesday.

648
00:33:29,080 --> 00:33:31,160
Speaker 1: I was like, look, pull away from the technical stuff.

649
00:33:31,400 --> 00:33:34,000
Speaker 1: Everything is just too expensive and everything is chaotic, and

650
00:33:34,000 --> 00:33:36,480
Speaker 1: that's why the wrong track number is going to be

651
00:33:36,640 --> 00:33:38,880
Speaker 1: where it is. I think it's a huge, huge problem

652
00:33:39,160 --> 00:33:41,920
Speaker 1: for the Democrats. But at the same time, you know,

653
00:33:41,960 --> 00:33:45,480
Speaker 1: the generic ballot pulling within this only showed the Democrats

654
00:33:45,520 --> 00:33:48,000
Speaker 1: down by two percent, so it's not necessarily that people

655
00:33:48,000 --> 00:33:51,360
Speaker 1: will say they'll automatically vote for Republicans. There's still a

656
00:33:51,360 --> 00:33:54,880
Speaker 1: two percent margin. Again, you know, Crystal zayre rule probably

657
00:33:54,920 --> 00:33:59,560
Speaker 1: add like five because they generally underestimate Republicans support in

658
00:33:59,720 --> 00:34:02,800
Speaker 1: all these polls basically since twenty sixteen, So I don't

659
00:34:02,800 --> 00:34:05,440
Speaker 1: know where things actually stand. You guv's pulling moved eight

660
00:34:05,480 --> 00:34:09,000
Speaker 1: points on generic ballot towards Democrats in one week. So

661
00:34:09,280 --> 00:34:11,840
Speaker 1: this is what the subject of my monologue like. The

662
00:34:11,920 --> 00:34:15,480
Speaker 1: only thing that could possibly save Democrats from complete disaster

663
00:34:15,680 --> 00:34:18,640
Speaker 1: is the Republicans who are doing their damnedest to prove

664
00:34:18,680 --> 00:34:21,160
Speaker 1: to people that they are completely unfit to govern and

665
00:34:21,200 --> 00:34:23,759
Speaker 1: that their views are like wildly outside of the mainstream,

666
00:34:23,800 --> 00:34:26,400
Speaker 1: and that they've like lost all touch with reality. So

667
00:34:26,840 --> 00:34:29,040
Speaker 1: that's the only thing that the Democrats have going for

668
00:34:29,080 --> 00:34:33,200
Speaker 1: them is that the alternative alternative is you know, bizarre

669
00:34:33,239 --> 00:34:37,040
Speaker 1: and absurd. But you know, I think back to Biden

670
00:34:37,680 --> 00:34:39,960
Speaker 1: and the sense in the country right now. You have

671
00:34:40,080 --> 00:34:43,200
Speaker 1: this sense of just sort of permanent decline that is

672
00:34:43,239 --> 00:34:49,919
Speaker 1: set in coupled with Biden's mission to defeat any sort

673
00:34:49,960 --> 00:34:53,319
Speaker 1: of political imagination that you might have. Yes, so you know,

674
00:34:53,440 --> 00:34:56,120
Speaker 1: his response to everything is we can't do that because

675
00:34:56,120 --> 00:34:58,640
Speaker 1: of X, because of why that's not possible. It's you know,

676
00:34:59,000 --> 00:35:01,799
Speaker 1: there's nothing, basically nothing we can do about anything. That's

677
00:35:01,840 --> 00:35:05,400
Speaker 1: his whole political ideology seems to be centered around the

678
00:35:05,440 --> 00:35:07,640
Speaker 1: idea of like, well, there's not really anything we can

679
00:35:07,640 --> 00:35:10,480
Speaker 1: do about any of this. So when you couple that

680
00:35:11,080 --> 00:35:16,120
Speaker 1: hopelessness with a situation that seems to be deteriorating in

681
00:35:16,280 --> 00:35:19,440
Speaker 1: basic ways all the time, Yeah, you're going to end

682
00:35:19,520 --> 00:35:21,239
Speaker 1: up with ninety percent of the country saying we're on

683
00:35:21,239 --> 00:35:23,839
Speaker 1: the wrong track. I think that's correct. Okay, let's talk

684
00:35:23,840 --> 00:35:26,759
Speaker 1: about Highland Park. Some really stunny stuff that came out

685
00:35:26,800 --> 00:35:29,480
Speaker 1: around this shooting. As we alluded and mentioned to in

686
00:35:29,520 --> 00:35:32,319
Speaker 1: our last show, shooter was known to law enforcement the

687
00:35:32,360 --> 00:35:34,520
Speaker 1: extent to which he was known to law enforcement, is

688
00:35:34,719 --> 00:35:37,920
Speaker 1: legitimately stunning the police now coming and saying that they

689
00:35:37,960 --> 00:35:41,880
Speaker 1: had two separate interactions with this individual, in both of

690
00:35:41,880 --> 00:35:44,520
Speaker 1: which probably should have resulted him never being able to

691
00:35:44,560 --> 00:35:46,200
Speaker 1: purchase a fire arm. And we'll get to the exact

692
00:35:46,200 --> 00:35:48,840
Speaker 1: specifics of that, but just listen to how big of

693
00:35:48,880 --> 00:35:51,920
Speaker 1: a screw up that this actually was. April of twenty nineteen,

694
00:35:52,719 --> 00:35:57,760
Speaker 1: an individual contacted Highland Park Police department a week after

695
00:35:58,040 --> 00:36:05,200
Speaker 1: learning of Sir Cremo attempting suicide. This was a delayed report,

696
00:36:05,320 --> 00:36:08,080
Speaker 1: so Highland Park still responded to the residents a week later,

697
00:36:08,560 --> 00:36:13,440
Speaker 1: spoke with Cremo, spoke with Primo's parents, and the matter

698
00:36:13,520 --> 00:36:16,920
Speaker 1: was being handled by mental health professionals. At that time,

699
00:36:17,080 --> 00:36:20,799
Speaker 1: there was no law enforcement action to be taken. It

700
00:36:20,880 --> 00:36:24,400
Speaker 1: was a mental health issued handled by those professionals. The

701
00:36:24,480 --> 00:36:28,040
Speaker 1: second occurred in September of twenty nineteen. A family member

702
00:36:28,080 --> 00:36:31,360
Speaker 1: reported that Cremo said he was going to kill everyone,

703
00:36:31,680 --> 00:36:35,200
Speaker 1: and Cremo had a collection of knives. The police responded

704
00:36:35,280 --> 00:36:38,800
Speaker 1: to his residents. The police removed sixteen knives, a dagger,

705
00:36:38,880 --> 00:36:42,480
Speaker 1: and a sword from Crimo's home. At that time, there

706
00:36:42,520 --> 00:36:45,200
Speaker 1: was no problem cause to risk. There were arrests, there

707
00:36:45,200 --> 00:36:48,840
Speaker 1: were no complaints that were signed by any of the victims.

708
00:36:49,080 --> 00:36:52,520
Speaker 1: The Highland Park Police Department, however, did immediately notify the

709
00:36:52,560 --> 00:36:57,120
Speaker 1: Illinois State Police of the incident. So this guy tried

710
00:36:57,120 --> 00:36:59,279
Speaker 1: to commit suicide and Augus two was nineteen. Terms of

711
00:36:59,280 --> 00:37:02,520
Speaker 1: those nineteen says he wants to quote kill everyone. Now

712
00:37:02,560 --> 00:37:04,640
Speaker 1: Here is where there is some real blame, not just

713
00:37:04,680 --> 00:37:06,120
Speaker 1: on the police, who, by the way, there is a

714
00:37:06,120 --> 00:37:08,560
Speaker 1: red flag law on the books in Illinois. He very

715
00:37:08,680 --> 00:37:11,600
Speaker 1: much would have covered for this. This is where this

716
00:37:11,719 --> 00:37:16,799
Speaker 1: guy's father is. There should be some serious action taking

717
00:37:16,800 --> 00:37:18,760
Speaker 1: against him. Let's put this up there on the screen,

718
00:37:18,800 --> 00:37:21,640
Speaker 1: because immediately following that, here's what we learn, which is

719
00:37:21,640 --> 00:37:23,759
Speaker 1: that the clear and present danger report made by the

720
00:37:23,760 --> 00:37:26,200
Speaker 1: police was made in response to threats directed at the family.

721
00:37:26,440 --> 00:37:28,160
Speaker 1: But the report indicates that when police went to the

722
00:37:28,200 --> 00:37:30,400
Speaker 1: home and asked the individual if he felt like harming himself,

723
00:37:30,480 --> 00:37:33,920
Speaker 1: he responded no. And additionally, here's the key. The father

724
00:37:34,080 --> 00:37:37,120
Speaker 1: claimed the knives were his and they were being stored

725
00:37:37,200 --> 00:37:41,240
Speaker 1: in his closet for safe keeping, as in his son's closet.

726
00:37:41,280 --> 00:37:44,120
Speaker 1: So based on that information, they returned to the knives

727
00:37:44,120 --> 00:37:47,560
Speaker 1: to the father later that afternoon. So whoever this father is,

728
00:37:48,400 --> 00:37:50,640
Speaker 1: he basically made it so that some of the red

729
00:37:50,680 --> 00:37:53,920
Speaker 1: flog law provisions could not kick into place whenever they

730
00:37:54,280 --> 00:37:55,799
Speaker 1: could have been used and the police could have taken

731
00:37:55,880 --> 00:37:59,600
Speaker 1: more action against this guy. And that basically resulted in

732
00:37:59,640 --> 00:38:02,400
Speaker 1: them not only returning the night, a sword apparently come

733
00:38:02,440 --> 00:38:05,160
Speaker 1: out of this guy's bedroom, you know, once again, complete free.

734
00:38:05,280 --> 00:38:06,840
Speaker 1: You know, that's what parents do all the time, is

735
00:38:06,840 --> 00:38:10,080
Speaker 1: they stored their own knives and there's children's closets. That's

736
00:38:10,120 --> 00:38:12,120
Speaker 1: a normal thing parents are, I know. I mean, and look,

737
00:38:12,160 --> 00:38:13,640
Speaker 1: if you're the cops, like, what are you supposed to do.

738
00:38:13,719 --> 00:38:15,399
Speaker 1: It's not like you can prove that the guy is lying.

739
00:38:15,440 --> 00:38:17,439
Speaker 1: It's very clear that he probably was lying. But based

740
00:38:17,480 --> 00:38:19,920
Speaker 1: on that information, the father very clearly was covering up

741
00:38:20,160 --> 00:38:22,440
Speaker 1: for his son. And you know, this guy apparently was

742
00:38:22,440 --> 00:38:24,600
Speaker 1: pretty well known in the community. And now it has

743
00:38:24,640 --> 00:38:27,080
Speaker 1: resulted in six people who were dead, including two parents

744
00:38:27,080 --> 00:38:29,239
Speaker 1: of a young infant, a two year old child who

745
00:38:29,239 --> 00:38:31,440
Speaker 1: has now been orphaned. This is horrific. There's a go

746
00:38:31,560 --> 00:38:34,000
Speaker 1: fund me. We'll put the link in the description. But

747
00:38:34,200 --> 00:38:37,200
Speaker 1: the point is is that this was a screw up

748
00:38:37,280 --> 00:38:39,920
Speaker 1: up and down the chain August twenty nineteen. The fact

749
00:38:39,920 --> 00:38:41,799
Speaker 1: that he tried to commit suicide and the fact that

750
00:38:41,840 --> 00:38:43,799
Speaker 1: the mental health professionals didn't flag him under the red

751
00:38:43,840 --> 00:38:47,040
Speaker 1: flag law. And then second, whenever somebody reported and was

752
00:38:47,080 --> 00:38:48,840
Speaker 1: concerned enough to say that he was going to quote

753
00:38:48,920 --> 00:38:52,160
Speaker 1: kill everyone, and again, you know, the police did not

754
00:38:52,280 --> 00:38:54,880
Speaker 1: take the action that, at least, it seems in retrospect

755
00:38:54,960 --> 00:38:57,879
Speaker 1: they should have. In some cases, their hands are tied

756
00:38:57,920 --> 00:39:00,439
Speaker 1: because his father is well, you know, like I said,

757
00:39:00,640 --> 00:39:02,880
Speaker 1: I hope at the very least he faces some wrongful

758
00:39:02,920 --> 00:39:06,560
Speaker 1: death suits and others by the family members who are involved. Here.

759
00:39:06,600 --> 00:39:09,200
Speaker 1: Just a disaster all the way up and down the chain,

760
00:39:09,200 --> 00:39:13,200
Speaker 1: because it's not just that Dad covers for him. You know,

761
00:39:13,560 --> 00:39:16,600
Speaker 1: son says I'm going to kill everybody. Police are called

762
00:39:16,600 --> 00:39:19,080
Speaker 1: to the house, find all of these knives and weapons

763
00:39:19,160 --> 00:39:23,520
Speaker 1: in his closet. Dad covers, oh, those are actually mine, blatantly,

764
00:39:23,600 --> 00:39:28,640
Speaker 1: lying obviously. But then when it comes time for this

765
00:39:28,760 --> 00:39:32,200
Speaker 1: maniac to buy the guns that he ultimately uses to

766
00:39:32,480 --> 00:39:36,600
Speaker 1: mass murder these poor innocent people at this parade, guess

767
00:39:36,600 --> 00:39:38,880
Speaker 1: who backs him up on that and sponsors him for that.

768
00:39:38,920 --> 00:39:40,759
Speaker 1: Because I think in Illinois you have to if you're

769
00:39:40,840 --> 00:39:43,880
Speaker 1: under twenty one, You have to have somebody who's older

770
00:39:44,160 --> 00:39:47,479
Speaker 1: to sort of sponsor your application. Dad is the one

771
00:39:47,480 --> 00:39:50,600
Speaker 1: who shows up and makes it so that this maniac

772
00:39:50,719 --> 00:39:54,279
Speaker 1: can buy these guns. Little parenting tip. If your kid

773
00:39:54,280 --> 00:39:57,560
Speaker 1: has tried to commit suicide and has said he wants

774
00:39:57,640 --> 00:40:01,480
Speaker 1: to kill everyone, don't help them get a gun. I mean,

775
00:40:01,560 --> 00:40:05,480
Speaker 1: this is just this is absolute insanity. And you know,

776
00:40:05,520 --> 00:40:08,560
Speaker 1: the red Flag law too, part is really sad because

777
00:40:08,600 --> 00:40:12,080
Speaker 1: clearly the provisions were in place that if dad or

778
00:40:12,080 --> 00:40:16,080
Speaker 1: someone else in the family said, you know what, my

779
00:40:16,600 --> 00:40:20,239
Speaker 1: child is having emotional issues, there are danger to themselves

780
00:40:20,400 --> 00:40:23,840
Speaker 1: or others, then instead of going and sponsoring his application

781
00:40:23,920 --> 00:40:25,799
Speaker 1: to get the gun, you actually put a block in

782
00:40:25,840 --> 00:40:29,319
Speaker 1: place so that he can't easily obtain that weapon. And

783
00:40:29,360 --> 00:40:33,440
Speaker 1: then maybe ultimately that's the difference between this mass shooting

784
00:40:33,520 --> 00:40:37,879
Speaker 1: and death unfolding and not. It really is just this

785
00:40:38,000 --> 00:40:41,800
Speaker 1: person was like the most obvious mass shooter in history,

786
00:40:42,200 --> 00:40:46,040
Speaker 1: and he's facilitated in obtaining the weapons that he uses

787
00:40:46,160 --> 00:40:48,799
Speaker 1: to commit this cardage. Yeah, it's terrible. I mean, like

788
00:40:48,840 --> 00:40:52,000
Speaker 1: I said, again, there's going to be some serious questions

789
00:40:52,040 --> 00:40:55,080
Speaker 1: that remain to be asked around this dad, around the cops.

790
00:40:55,239 --> 00:40:58,160
Speaker 1: What they knew. Who Also is this mental health professional,

791
00:40:58,280 --> 00:41:00,200
Speaker 1: you know, who did not flag this on to the

792
00:41:00,200 --> 00:41:04,880
Speaker 1: Illinois system because suicide and committing that should have fallen

793
00:41:04,920 --> 00:41:07,560
Speaker 1: within the provisions. I think it just goes to show

794
00:41:07,600 --> 00:41:09,360
Speaker 1: you that, you know, even with all these laws on

795
00:41:09,360 --> 00:41:11,759
Speaker 1: the books, there's still tremendous amounts of screwups. None of

796
00:41:11,760 --> 00:41:13,879
Speaker 1: it is fool proof, none of its school proof. And

797
00:41:14,239 --> 00:41:15,799
Speaker 1: you know, if people don't do their jobs, and if

798
00:41:15,800 --> 00:41:18,000
Speaker 1: people like this dad are going to be terrible citizens

799
00:41:18,040 --> 00:41:20,560
Speaker 1: who are now responsible, at least in part for six

800
00:41:20,600 --> 00:41:23,080
Speaker 1: people who are lying dead, you know, on a sidewalk

801
00:41:23,400 --> 00:41:26,880
Speaker 1: after attending a Fourth of July parade. I don't know.

802
00:41:27,040 --> 00:41:28,600
Speaker 1: It just shows you. It's just a further sign of

803
00:41:28,640 --> 00:41:30,960
Speaker 1: a societal decline. Even the fact that this freak exists

804
00:41:30,960 --> 00:41:34,880
Speaker 1: in the first place. There was a report that the

805
00:41:34,960 --> 00:41:38,919
Speaker 1: dad had told someone that his son had quote emotional issues. Again,

806
00:41:39,040 --> 00:41:42,560
Speaker 1: even if you because listen, I can sort of wrap

807
00:41:42,560 --> 00:41:44,400
Speaker 1: my head around as a parent, you can't imagine that

808
00:41:44,440 --> 00:41:46,839
Speaker 1: your kid would be capable of this. But even if

809
00:41:46,840 --> 00:41:49,200
Speaker 1: you're just concerned for his own sake he had tried

810
00:41:49,239 --> 00:41:52,520
Speaker 1: to commit suicide, you're going to help him get a gun? Yeah,

811
00:41:52,560 --> 00:41:57,360
Speaker 1: the most common way to commit suicide is exactly, I mean, insane.

812
00:41:57,440 --> 00:42:00,600
Speaker 1: Details continuing to come out here, so we'll continue to

813
00:42:00,600 --> 00:42:05,520
Speaker 1: follow it. Okay, let's go and talk about the airline.

814
00:42:05,520 --> 00:42:07,600
Speaker 1: So this is a very important story and very interesting

815
00:42:07,719 --> 00:42:10,319
Speaker 1: as well. So there's an ongoing war, as we've talked about,

816
00:42:10,360 --> 00:42:13,960
Speaker 1: between the airlines who are blaming the FAA and then

817
00:42:14,040 --> 00:42:16,640
Speaker 1: the FAA, who is saying the airlines are completely full

818
00:42:16,680 --> 00:42:18,920
Speaker 1: of it, and all of this is obviously resulting in

819
00:42:18,960 --> 00:42:22,080
Speaker 1: these massive flight cancelations. So let's go ahead. Actually, let's

820
00:42:22,080 --> 00:42:24,800
Speaker 1: put C two up there first, please, Control room, because

821
00:42:24,840 --> 00:42:27,759
Speaker 1: here's what's happening, which is that United Airlines came out

822
00:42:27,960 --> 00:42:32,000
Speaker 1: and put out a statement saying that they actually what

823
00:42:32,120 --> 00:42:36,160
Speaker 1: has happened is that they're blaming the FAA for not

824
00:42:36,360 --> 00:42:39,839
Speaker 1: having enough staffing resources. They said that travel woes are

825
00:42:39,840 --> 00:42:42,200
Speaker 1: continued to expect. They told their staff they're going to

826
00:42:42,280 --> 00:42:45,640
Speaker 1: have more summer problems because air traffic controllers can't handle

827
00:42:45,680 --> 00:42:47,600
Speaker 1: the amount of flights and that that issue is causing

828
00:42:47,800 --> 00:42:52,719
Speaker 1: flight disruption. However, they got fact checked almost immediately in

829
00:42:52,800 --> 00:42:55,320
Speaker 1: real time. So let's throw this up there. C one please,

830
00:42:55,640 --> 00:43:00,120
Speaker 1: where the FAA basically smacked them down hard. Here's that's

831
00:43:00,120 --> 00:43:03,360
Speaker 1: what they said. The Department of the FAA appreciate airlines

832
00:43:03,360 --> 00:43:05,920
Speaker 1: taking steps to improve informants, but clearly more needs to

833
00:43:05,960 --> 00:43:09,239
Speaker 1: be done to reduce cancelations. It is unfortunate to see

834
00:43:09,320 --> 00:43:13,319
Speaker 1: United Airlines conflate weather related air traffic control measures with

835
00:43:13,480 --> 00:43:17,319
Speaker 1: air traffic control staffing, which would deceptively imply that a

836
00:43:17,360 --> 00:43:20,480
Speaker 1: majority of those situations are the result of FAA staffing.

837
00:43:20,760 --> 00:43:24,680
Speaker 1: The reality is that multiple overlapping factors have affected the system,

838
00:43:24,920 --> 00:43:28,320
Speaker 1: including airline staffing, weather, high volume, and the air traffic

839
00:43:28,360 --> 00:43:31,960
Speaker 1: control capacity. But the majority of delays and cancelations are

840
00:43:32,080 --> 00:43:35,399
Speaker 1: not because of staffing at the FAA. On July third

841
00:43:35,480 --> 00:43:39,759
Speaker 1: and fourth, there were no FAA staffing related days at

842
00:43:39,800 --> 00:43:46,080
Speaker 1: all nationwide, yet airlines canceled eleven hundred flights in those

843
00:43:46,120 --> 00:43:50,520
Speaker 1: two days, a quarter of which were United Airlines flights.

844
00:43:50,760 --> 00:43:54,360
Speaker 1: We will continue to meet our responsibility to hold airlines accountable,

845
00:43:54,360 --> 00:43:56,840
Speaker 1: et cetera, et cetera. So they got fact checked and

846
00:43:56,920 --> 00:43:59,719
Speaker 1: smacked in real time by the FAA, and it just

847
00:43:59,719 --> 00:44:02,680
Speaker 1: shows there's a high level basically proxy war playing out

848
00:44:02,800 --> 00:44:05,640
Speaker 1: United in American and all the other major terrors. They

849
00:44:05,680 --> 00:44:08,480
Speaker 1: don't want the wrath that comes from consumers when they're

850
00:44:08,560 --> 00:44:11,359
Speaker 1: canceling thousands and thousands of flights per day. It's total

851
00:44:11,440 --> 00:44:14,399
Speaker 1: chaos right now in airports. Also, like I was talking

852
00:44:14,400 --> 00:44:17,120
Speaker 1: about earlier bag check and that nothing is working properly

853
00:44:17,400 --> 00:44:19,880
Speaker 1: in these places, and they have been trying to blame

854
00:44:19,920 --> 00:44:22,200
Speaker 1: the FAA now for days. It's good to see actually

855
00:44:22,239 --> 00:44:23,879
Speaker 1: the fa actually come out and be like, no, that's

856
00:44:23,880 --> 00:44:26,560
Speaker 1: actually completely not true, because United is trying to tell

857
00:44:26,560 --> 00:44:29,319
Speaker 1: both it's stockholders and it's staff it's not their fault,

858
00:44:29,400 --> 00:44:32,640
Speaker 1: when look, it's very clear here they have staffing problems

859
00:44:32,760 --> 00:44:34,759
Speaker 1: that they are a result of their own making, from

860
00:44:34,800 --> 00:44:37,200
Speaker 1: forced retirements, that they took COVID money in order to

861
00:44:37,239 --> 00:44:40,280
Speaker 1: push people out. And also they are booking the money

862
00:44:40,520 --> 00:44:43,440
Speaker 1: on flights that they basically know they can't fulfill. And

863
00:44:43,480 --> 00:44:46,839
Speaker 1: so from a cancelation and legal perspective, it's chaos. And

864
00:44:46,920 --> 00:44:50,440
Speaker 1: of course, outside of whoever this FAA guy is who

865
00:44:50,440 --> 00:44:52,480
Speaker 1: put out the statement, I don't see anything else from

866
00:44:52,520 --> 00:44:55,960
Speaker 1: the Biden administration doing anything about Pete. What's going on?

867
00:44:55,960 --> 00:44:58,319
Speaker 1: What's going on? Beat? Yeah, because on top of all

868
00:44:58,360 --> 00:45:01,800
Speaker 1: of that, the cancelations, I mean, they really they needed

869
00:45:01,840 --> 00:45:04,400
Speaker 1: to pare back their summer schedule. They don't have the

870
00:45:04,480 --> 00:45:08,600
Speaker 1: staff to fly all of the flights that they put

871
00:45:08,600 --> 00:45:11,440
Speaker 1: out to the public as available to book. That's the

872
00:45:11,480 --> 00:45:14,520
Speaker 1: crux of the problem, through their own choices after we

873
00:45:14,719 --> 00:45:18,360
Speaker 1: bailed them out. That's the real major issue here is

874
00:45:18,400 --> 00:45:20,359
Speaker 1: they need to pair back their schedule, and they were

875
00:45:20,440 --> 00:45:23,160
Speaker 1: unwilling to do it because they're worried about their bottom

876
00:45:23,160 --> 00:45:26,080
Speaker 1: line profit margins. But then to add insult to injury

877
00:45:26,400 --> 00:45:30,200
Speaker 1: when people are getting canceled and they're entitled to an

878
00:45:30,239 --> 00:45:34,600
Speaker 1: actual cash refund, the airlines have also been caught trying

879
00:45:34,640 --> 00:45:38,760
Speaker 1: to coerce people into taking miles instead of the cash

880
00:45:38,800 --> 00:45:41,319
Speaker 1: that they're entitled to, basically trying to snow them, which

881
00:45:41,360 --> 00:45:43,759
Speaker 1: was the subject of Pete's little travel agent tip, like

882
00:45:44,200 --> 00:45:47,520
Speaker 1: here's how you calculate air miles. So, in terms of

883
00:45:47,960 --> 00:45:50,440
Speaker 1: Pete and what he could do, we've covered here before.

884
00:45:50,719 --> 00:45:54,760
Speaker 1: Senator Sanders put out a very specific proposal of fines

885
00:45:54,800 --> 00:45:57,880
Speaker 1: that they could levy on the airlines when they cancel

886
00:45:58,040 --> 00:46:02,319
Speaker 1: and delay passengers that would have some bite and discourage

887
00:46:02,360 --> 00:46:05,719
Speaker 1: them from continuing to operate in what is really an

888
00:46:05,800 --> 00:46:11,640
Speaker 1: unconscidable manner. Pete has now responded to that proposal. He says, quote,

889
00:46:11,680 --> 00:46:14,880
Speaker 1: he hasn't seen all the math come back on Senator

890
00:46:14,880 --> 00:46:17,920
Speaker 1: Sanders proposal to find airlines for canceling into laying flights

891
00:46:17,920 --> 00:46:21,440
Speaker 1: that they knew could not be staffed. So he's still

892
00:46:21,480 --> 00:46:25,279
Speaker 1: dodging and deflecting. You'll recall about a month ago he

893
00:46:25,360 --> 00:46:28,160
Speaker 1: gathered all the airline CEOs together and said, you better

894
00:46:28,200 --> 00:46:30,919
Speaker 1: cut it down. If July fourth weekend isn't good, there's

895
00:46:30,960 --> 00:46:32,560
Speaker 1: going to be you know, we're going to look at

896
00:46:32,560 --> 00:46:34,399
Speaker 1: this again and we're going to see how it goes. Well,

897
00:46:34,840 --> 00:46:37,240
Speaker 1: the stats came back, it was a disaster, and still

898
00:46:37,280 --> 00:46:41,160
Speaker 1: he's you know, doing basically nothing. Yeah, it's it is

899
00:46:41,200 --> 00:46:43,279
Speaker 1: a pathetic state of affairs. So well, as much as

900
00:46:43,320 --> 00:46:45,759
Speaker 1: I enjoy seeing the airlines sort of like fact checked

901
00:46:45,800 --> 00:46:47,960
Speaker 1: and called out like this, I would really prefer to

902
00:46:47,960 --> 00:46:51,160
Speaker 1: see them actually held to account and somebody with some

903
00:46:51,280 --> 00:46:54,160
Speaker 1: power do something to curb their behavior which has just

904
00:46:54,200 --> 00:46:57,880
Speaker 1: created total chaos for travelers this summer. Well, jazz a reminder,

905
00:46:57,920 --> 00:46:59,800
Speaker 1: I mean, you know Buddaja shows were on the FAA.

906
00:47:00,160 --> 00:47:02,520
Speaker 1: I've said this, you know it. Look call the airlines bluff,

907
00:47:02,560 --> 00:47:05,160
Speaker 1: which is that get some air traffic control guys from

908
00:47:05,160 --> 00:47:07,640
Speaker 1: the National Guard or whatever, put them in the put

909
00:47:07,680 --> 00:47:09,799
Speaker 1: them in the towers, and just say, fine, okay, here's

910
00:47:09,800 --> 00:47:12,439
Speaker 1: all the staffing that you need. I suspect and from

911
00:47:12,480 --> 00:47:14,560
Speaker 1: everything I've read so far, it does not seem that

912
00:47:14,600 --> 00:47:17,200
Speaker 1: the airlines are telling the truth here on why exactly

913
00:47:17,480 --> 00:47:19,799
Speaker 1: all of this is happening. And really what it is

914
00:47:19,800 --> 00:47:25,320
Speaker 1: is that the cancelations are becoming a nightmare for connecting travel,

915
00:47:25,360 --> 00:47:29,600
Speaker 1: which is snarling things even further because Newark Airport, which

916
00:47:29,680 --> 00:47:31,799
Speaker 1: apparently the most delayed airport in the country, makes sense

917
00:47:32,000 --> 00:47:34,319
Speaker 1: every time I've flown on anywhere in the New York region,

918
00:47:34,640 --> 00:47:38,680
Speaker 1: New York nightmare anyway, So they have had to preemptively

919
00:47:38,680 --> 00:47:40,360
Speaker 1: cancel flights. But part of the problem is whenever you

920
00:47:40,400 --> 00:47:42,839
Speaker 1: cancel flights out of a hub, then you are going

921
00:47:42,880 --> 00:47:45,400
Speaker 1: to commiss your connecting flights. And then also there's been

922
00:47:45,480 --> 00:47:49,520
Speaker 1: chaos not just here but also abroad. Amsterdam, Lisbon, Frankfort

923
00:47:49,560 --> 00:47:53,480
Speaker 1: and Dublin were also seeing major delays and cancelations as

924
00:47:53,480 --> 00:47:56,040
Speaker 1: a result of similar staffing related problems. Because all of

925
00:47:56,040 --> 00:47:59,080
Speaker 1: this stuff cascades globally, and you consider that and there's

926
00:47:59,120 --> 00:48:01,919
Speaker 1: just nobody who has their hand on the system trying

927
00:48:01,960 --> 00:48:04,280
Speaker 1: to guide it in the right direction, which just leaves

928
00:48:04,280 --> 00:48:06,640
Speaker 1: it basically up to the airlines. You can rebook a flight,

929
00:48:06,840 --> 00:48:09,280
Speaker 1: cancel the flight if they need to. So like yeah,

930
00:48:09,320 --> 00:48:11,480
Speaker 1: like you said, we've got the fa It's good that

931
00:48:11,520 --> 00:48:13,319
Speaker 1: they're fact checking them in real time, but they have

932
00:48:13,400 --> 00:48:18,359
Speaker 1: limited authority beyond the executive branch to actually swoop in

933
00:48:18,680 --> 00:48:21,760
Speaker 1: and do something about this. Fine, you know Sanders proposal

934
00:48:21,840 --> 00:48:24,040
Speaker 1: goes too far. Do something. I mean, I don't know

935
00:48:24,080 --> 00:48:26,600
Speaker 1: why you can't do a quarter of it. Maybe it

936
00:48:26,640 --> 00:48:29,919
Speaker 1: would help, Like there's no plan right now. Also, people

937
00:48:30,040 --> 00:48:33,840
Speaker 1: reporting major weight times a lot of these airports also,

938
00:48:34,600 --> 00:48:37,840
Speaker 1: not just because of staffing issues, but obviously summer travels

939
00:48:37,840 --> 00:48:41,680
Speaker 1: bounce back. We're almost basically at pre pandemic flight level.

940
00:48:41,680 --> 00:48:43,200
Speaker 1: I have a flight later today. By the way, I'll

941
00:48:43,200 --> 00:48:46,759
Speaker 1: report back to see how it goes. Now, what they're

942
00:48:46,800 --> 00:48:50,120
Speaker 1: saying is that waight times are sky high. Also in

943
00:48:50,200 --> 00:48:52,640
Speaker 1: terms of the way that the airlines are running their

944
00:48:52,680 --> 00:48:55,960
Speaker 1: boarding pass system and more, they're making people get paper

945
00:48:56,760 --> 00:48:59,560
Speaker 1: boarding passes in some case because they're refusing to assign.

946
00:49:00,239 --> 00:49:02,359
Speaker 1: That's causing him more weight times of counters where there's

947
00:49:02,400 --> 00:49:04,560
Speaker 1: limited amounts. So it's a real mess. Right now, I

948
00:49:04,800 --> 00:49:07,319
Speaker 1: feel for people who are traveling. Our friend Iromi made

949
00:49:07,320 --> 00:49:08,920
Speaker 1: a really good point to me that I want to

950
00:49:08,960 --> 00:49:10,960
Speaker 1: care with you, which is he's like, you know how

951
00:49:11,400 --> 00:49:14,239
Speaker 1: we look at other countries that have these systems of

952
00:49:14,239 --> 00:49:17,920
Speaker 1: patronage where you know, the brother and cousin, the lackey whatever,

953
00:49:18,040 --> 00:49:20,920
Speaker 1: and it's like a sign of a totally corrupt, like

954
00:49:21,000 --> 00:49:24,000
Speaker 1: failing government. These people are put into jobs that you know,

955
00:49:24,040 --> 00:49:27,400
Speaker 1: they have no business doing because no one actually like

956
00:49:27,440 --> 00:49:30,279
Speaker 1: cares about good governance. They just care about holding on

957
00:49:30,560 --> 00:49:32,920
Speaker 1: to power and their access to money. Pete is like

958
00:49:32,960 --> 00:49:35,799
Speaker 1: the same thing. Yes, he remember when he was being

959
00:49:35,800 --> 00:49:38,400
Speaker 1: considered for what they floated like, oh, you could have

960
00:49:38,440 --> 00:49:40,600
Speaker 1: the Office of Management and Budget and he's like, na,

961
00:49:40,719 --> 00:49:43,200
Speaker 1: that's not high prog enough. I want this one. It

962
00:49:43,280 --> 00:49:45,680
Speaker 1: was the mayor of South Bend, Indiana, and he wasn't

963
00:49:45,680 --> 00:49:47,480
Speaker 1: even a good mayor. You know, we talked about that

964
00:49:47,560 --> 00:49:49,759
Speaker 1: on our show exactly. The people in South Bend were like,

965
00:49:49,920 --> 00:49:51,640
Speaker 1: this is a shit mayor. You know, we have potholes

966
00:49:51,640 --> 00:49:54,200
Speaker 1: all over the problem, we have police force issues like correct, well,

967
00:49:54,200 --> 00:49:57,200
Speaker 1: it's a tiny town. I have no disrespect, but now

968
00:49:57,239 --> 00:50:00,480
Speaker 1: here we are and it turns out that thisosition that

969
00:50:00,560 --> 00:50:03,960
Speaker 1: he was given as the you know, as the payment

970
00:50:04,080 --> 00:50:06,319
Speaker 1: for dropping out of the Democratic primary at the time

971
00:50:06,400 --> 00:50:09,040
Speaker 1: that Obama told him to. Oh, it turns out this

972
00:50:09,160 --> 00:50:12,600
Speaker 1: job actually matters, that it actually is important, and then

973
00:50:12,600 --> 00:50:15,480
Speaker 1: it has real responsibility, and then it has a direct

974
00:50:15,520 --> 00:50:18,480
Speaker 1: impact on the quality of life in the country. And

975
00:50:18,520 --> 00:50:22,000
Speaker 1: we've put this like, you know, McKinsey flunky who can't

976
00:50:22,000 --> 00:50:25,120
Speaker 1: see beyond like who has no idea how to actually

977
00:50:25,120 --> 00:50:28,520
Speaker 1: govern and do the job in charge. So you know,

978
00:50:28,680 --> 00:50:31,839
Speaker 1: it is the exact same type of thing where no

979
00:50:31,920 --> 00:50:36,520
Speaker 1: one was under any illusion that Mayor Pete was qualified

980
00:50:36,560 --> 00:50:40,680
Speaker 1: for this job. He got it purely as payback and patronage.

981
00:50:40,840 --> 00:50:43,720
Speaker 1: Remember when Biden ran that ad during the primary, making

982
00:50:43,800 --> 00:50:46,919
Speaker 1: fun of Pete for like having no idea about any

983
00:50:46,920 --> 00:50:49,200
Speaker 1: sort of infrastructure product, mocking him for like, oh, you

984
00:50:49,239 --> 00:50:51,520
Speaker 1: put lights on the bridge way to go, Mayor Pete,

985
00:50:52,280 --> 00:50:54,520
Speaker 1: and then that's the guy you put in charge. Yeah, listen,

986
00:50:54,600 --> 00:50:57,640
Speaker 1: it's pretty selling rough times out there right now. We

987
00:50:57,760 --> 00:51:00,600
Speaker 1: are seeing thousands of flies. Fifteen percent right now of

988
00:51:00,719 --> 00:51:04,720
Speaker 1: summer flights are currently on track to be canceled, twelve

989
00:51:04,760 --> 00:51:07,560
Speaker 1: percent of departures, like I said, out of Newark alone,

990
00:51:07,640 --> 00:51:09,280
Speaker 1: are being cut and Newark is one of the biggest

991
00:51:09,360 --> 00:51:12,279
Speaker 1: hubs in the US, you know, And on fourth of

992
00:51:12,320 --> 00:51:16,120
Speaker 1: July weekend there were eight point eight million passengers who

993
00:51:16,160 --> 00:51:18,680
Speaker 1: were screened by TSA. I mean that's you know, that's

994
00:51:18,719 --> 00:51:21,480
Speaker 1: a big part of the adult population in the US.

995
00:51:21,800 --> 00:51:24,840
Speaker 1: It was on a plane over the weekend and faced

996
00:51:24,920 --> 00:51:27,280
Speaker 1: all sorts of these problems. So it's just like gas,

997
00:51:27,360 --> 00:51:30,240
Speaker 1: it's going to touch many many homes. You're traveling with kids.

998
00:51:30,280 --> 00:51:33,960
Speaker 1: Oh my god, it's such a nightmare, these delays and inflationsmare.

999
00:51:34,800 --> 00:51:37,400
Speaker 1: All right, this is another really I think very important

1000
00:51:37,400 --> 00:51:39,919
Speaker 1: story actually about what is going on in the North

1001
00:51:39,920 --> 00:51:43,360
Speaker 1: Carolina Senate race. So there's a Green Party Canada. I

1002
00:51:43,400 --> 00:51:45,040
Speaker 1: can't remember if you and I interviewed him, but we

1003
00:51:45,080 --> 00:51:48,640
Speaker 1: interviewed Matthew Ho on Crystal Kyle and Friends. He had

1004
00:51:48,640 --> 00:51:52,040
Speaker 1: a great perspective as a veteran of the Afghanistan War

1005
00:51:52,239 --> 00:51:55,480
Speaker 1: on the level deep levels of corruption and how the

1006
00:51:55,520 --> 00:51:58,760
Speaker 1: words from the leaders didn't even come close to matching

1007
00:51:58,760 --> 00:52:00,920
Speaker 1: the reality on the ground of what was happening there.

1008
00:52:00,960 --> 00:52:04,080
Speaker 1: So Matthew decides he wants to run for Senate as

1009
00:52:04,120 --> 00:52:07,799
Speaker 1: a Green Party candidate, and he did everything right you know,

1010
00:52:07,800 --> 00:52:10,799
Speaker 1: they had the infrastructure in place gathers all of the

1011
00:52:10,840 --> 00:52:14,840
Speaker 1: signatures and more by thousands that they need to ultimately

1012
00:52:14,880 --> 00:52:18,680
Speaker 1: get on the ballot. So a couple things happened here,

1013
00:52:18,719 --> 00:52:22,320
Speaker 1: just blatant dirty tricks from the Democratic Party which pretends

1014
00:52:22,400 --> 00:52:24,239
Speaker 1: to care so much about democracy and we have to

1015
00:52:24,280 --> 00:52:27,359
Speaker 1: save democracy, et cetera, etc. To get him kicked off

1016
00:52:27,400 --> 00:52:29,960
Speaker 1: the ballot, and so far it has worked. So the

1017
00:52:30,080 --> 00:52:32,840
Speaker 1: very first thing they did is they started gout and

1018
00:52:32,880 --> 00:52:35,799
Speaker 1: put in Matthew's tweet up on the screen. Here he

1019
00:52:35,840 --> 00:52:38,960
Speaker 1: says in recordings and eyewitness accounts provided the Green Party

1020
00:52:39,000 --> 00:52:43,680
Speaker 1: and the media, Democratic Party operatives falsely claimed. So they

1021
00:52:43,760 --> 00:52:46,480
Speaker 1: lied to be representing the Green Party and even the

1022
00:52:46,480 --> 00:52:49,520
Speaker 1: Board of Elections as they bombarded our petition signers with

1023
00:52:49,600 --> 00:52:53,680
Speaker 1: deceptive claims. So what happened here is once they file

1024
00:52:54,120 --> 00:52:58,560
Speaker 1: all of their petition signatures, then the Democratic Party goes

1025
00:52:58,600 --> 00:53:00,640
Speaker 1: and grabs them and probably what they did as they

1026
00:53:00,680 --> 00:53:03,319
Speaker 1: matched them to their own voter file information. And then

1027
00:53:03,360 --> 00:53:07,000
Speaker 1: they go through systematically and call and text all of

1028
00:53:07,000 --> 00:53:10,000
Speaker 1: these people to say, hey, do you want to remove

1029
00:53:10,200 --> 00:53:12,440
Speaker 1: your signature because you know this is really going to

1030
00:53:12,520 --> 00:53:14,400
Speaker 1: hurt the Democratic Party. We have to make sure that

1031
00:53:14,440 --> 00:53:18,200
Speaker 1: we stopped the Republicans. So do you want to remove

1032
00:53:18,239 --> 00:53:21,800
Speaker 1: your signature? Now this behavior is I think obnoxious. I

1033
00:53:21,800 --> 00:53:24,280
Speaker 1: think it's anti democratic. It's something they did in Montana

1034
00:53:24,320 --> 00:53:26,879
Speaker 1: to and they were successful at it actually, but it's

1035
00:53:26,920 --> 00:53:31,120
Speaker 1: not illegal. But where they ultimately really crossed the line

1036
00:53:31,600 --> 00:53:33,680
Speaker 1: is they got caught because they called i think the

1037
00:53:33,719 --> 00:53:36,000
Speaker 1: head of the Green Party in the state. They got

1038
00:53:36,040 --> 00:53:39,319
Speaker 1: caught lying and saying, we're with the Green Party and

1039
00:53:39,600 --> 00:53:41,919
Speaker 1: we really are representing them and really have their best

1040
00:53:41,920 --> 00:53:44,120
Speaker 1: interest at heart. Don't you want to take your signature

1041
00:53:44,120 --> 00:53:47,959
Speaker 1: off the ballot? So they actually impersonated Green Party volunteers

1042
00:53:48,239 --> 00:53:52,520
Speaker 1: to try to get this done. Ultimately, they weren't very successful.

1043
00:53:52,560 --> 00:53:56,200
Speaker 1: They got a couple hundred people to be bullied and

1044
00:53:56,239 --> 00:54:00,840
Speaker 1: persuaded into removing their signatures from the petition. So Green

1045
00:54:00,880 --> 00:54:04,200
Speaker 1: Party still had way more signatures than they needed to

1046
00:54:04,239 --> 00:54:06,400
Speaker 1: get on the ballot. So put this next piece up

1047
00:54:06,400 --> 00:54:09,239
Speaker 1: on the screen. So what happens, Well, it comes down

1048
00:54:09,320 --> 00:54:12,360
Speaker 1: to almost the date when you know, sort of by statute,

1049
00:54:12,400 --> 00:54:15,120
Speaker 1: you have to have the ballots locked into place, and

1050
00:54:15,120 --> 00:54:17,200
Speaker 1: who's going to be on the ballots locked into place,

1051
00:54:17,719 --> 00:54:21,720
Speaker 1: and the Green Party needed thirteen eight hundred and sixty

1052
00:54:21,719 --> 00:54:26,640
Speaker 1: five signatures. They initially submitted twenty twenty five hundred, way

1053
00:54:26,680 --> 00:54:31,440
Speaker 1: more than needed. Ultimately, almost sixteen thousand were officially verified

1054
00:54:31,760 --> 00:54:35,239
Speaker 1: by the county Board of Elections, but even though they

1055
00:54:35,239 --> 00:54:38,640
Speaker 1: had more than two thousand verified signatures, more than was needed.

1056
00:54:39,160 --> 00:54:42,480
Speaker 1: On the state Board of Elections, which has three Democrats

1057
00:54:42,520 --> 00:54:46,400
Speaker 1: and two Republicans, all three of the Democrats voted in

1058
00:54:46,480 --> 00:54:52,080
Speaker 1: lockstep to deny the Green Party candidate ballot access. Did

1059
00:54:52,120 --> 00:54:54,400
Speaker 1: they offer any signs that there was like a reason

1060
00:54:54,440 --> 00:54:57,839
Speaker 1: that they did this. No, they said, oh, there's there

1061
00:54:57,960 --> 00:55:01,160
Speaker 1: might be fraud. They didn't prove any fraud, They didn't

1062
00:55:01,160 --> 00:55:04,920
Speaker 1: show any they didn't come close to showing thousands of

1063
00:55:04,960 --> 00:55:08,480
Speaker 1: signatures that were a problem. No, they said there could

1064
00:55:08,480 --> 00:55:11,200
Speaker 1: be possibly fraud that we haven't uncovered, that we have

1065
00:55:11,239 --> 00:55:13,520
Speaker 1: no evidence for. So we're all going to vote in

1066
00:55:13,600 --> 00:55:16,600
Speaker 1: a lockstep partisan faction to kick the Green Party off

1067
00:55:16,640 --> 00:55:22,040
Speaker 1: the ballot. That's crazy, totally crazy, totally anti small d Democratic,

1068
00:55:22,480 --> 00:55:25,480
Speaker 1: just outright saying we don't want this cannon on the ballot,

1069
00:55:25,520 --> 00:55:28,480
Speaker 1: and so we're going to in a lockstep partisan fashion

1070
00:55:28,640 --> 00:55:32,560
Speaker 1: kick them off with no real justification. Now, my understanding

1071
00:55:32,760 --> 00:55:37,080
Speaker 1: is that there are you know, potential legal recourses from here,

1072
00:55:37,120 --> 00:55:41,839
Speaker 1: because it typically what makes sense is the assumption is

1073
00:55:41,840 --> 00:55:44,400
Speaker 1: that the signatures are valid, and then you have to

1074
00:55:44,520 --> 00:55:46,920
Speaker 1: prove if there's fraud. Like we saw in Michigan, they

1075
00:55:47,040 --> 00:55:50,320
Speaker 1: proved that some certain percentage were fraudulent and so people

1076
00:55:50,320 --> 00:55:54,160
Speaker 1: got kicked off the ballot justifiably. Here, they did not

1077
00:55:54,320 --> 00:55:57,640
Speaker 1: prove it. They came in with an assumption that these

1078
00:55:57,640 --> 00:56:01,840
Speaker 1: signatures are invalid even though that is not the case,

1079
00:56:02,000 --> 00:56:03,839
Speaker 1: and they never prove that it was the case. And

1080
00:56:03,880 --> 00:56:05,840
Speaker 1: when the lawyer for the Green Party tried to speak

1081
00:56:05,880 --> 00:56:07,759
Speaker 1: up and say, hey, you know, you can't do this,

1082
00:56:08,000 --> 00:56:10,319
Speaker 1: they actually muted him and wouldn't hear any more from him.

1083
00:56:10,640 --> 00:56:12,560
Speaker 1: I mean, whenever you pointed this out, and I was

1084
00:56:12,600 --> 00:56:15,040
Speaker 1: reading about the so called fraud out, this really is

1085
00:56:15,080 --> 00:56:18,440
Speaker 1: like an actual stop to steal phenomena. And there because

1086
00:56:18,480 --> 00:56:22,440
Speaker 1: it's at North Carolina, it's being completely I mean, first

1087
00:56:22,480 --> 00:56:24,200
Speaker 1: of all, the media is not covering it though it's

1088
00:56:24,200 --> 00:56:27,520
Speaker 1: a totally nuts story. But what are they so afraid of?

1089
00:56:27,680 --> 00:56:29,719
Speaker 1: That's what I don't understand. First of all, look, you're

1090
00:56:29,719 --> 00:56:32,120
Speaker 1: in North Carolina. You're already fighting an uphill battle. Okay,

1091
00:56:32,320 --> 00:56:34,560
Speaker 1: but second it's like, it's not like this is going

1092
00:56:34,640 --> 00:56:39,440
Speaker 1: to be such a competitive race. And then if you

1093
00:56:39,520 --> 00:56:41,440
Speaker 1: really want to beat him, then just beat him. I

1094
00:56:41,440 --> 00:56:45,319
Speaker 1: don't see why they're so concerned and fighting so hard

1095
00:56:45,360 --> 00:56:47,520
Speaker 1: tooth and nail in order to keep this guy off

1096
00:56:47,520 --> 00:56:50,799
Speaker 1: the ballot, to the point of impersonating people, calling signatories

1097
00:56:50,800 --> 00:56:53,560
Speaker 1: and more. It's completely you know, it really is dystopian

1098
00:56:53,640 --> 00:56:55,600
Speaker 1: almost in the way they're trying to keep it and

1099
00:56:55,680 --> 00:56:58,200
Speaker 1: rig the system here. I also think that it's crazy

1100
00:56:58,200 --> 00:56:59,840
Speaker 1: that they were able to rig the vote sort of

1101
00:57:00,120 --> 00:57:03,800
Speaker 1: cation against him because the Democrats ran the election board

1102
00:57:03,920 --> 00:57:07,160
Speaker 1: right and that way there's a lockstep machine all the

1103
00:57:07,200 --> 00:57:09,359
Speaker 1: way up to dep top. I mean this it does

1104
00:57:09,440 --> 00:57:12,480
Speaker 1: show you that as hard as it is, like as

1105
00:57:12,560 --> 00:57:15,799
Speaker 1: hard as they will rig the internal democratic primaries, it

1106
00:57:15,880 --> 00:57:17,960
Speaker 1: is even harder to get through as a third party

1107
00:57:17,960 --> 00:57:21,120
Speaker 1: candidate because I mean the state Board of Elections. It

1108
00:57:21,200 --> 00:57:25,160
Speaker 1: shows you how the whole system is designed for there

1109
00:57:25,280 --> 00:57:27,640
Speaker 1: just to be two parties that have a lock on

1110
00:57:27,680 --> 00:57:30,880
Speaker 1: the whole process. So when the three Democrats who controlled

1111
00:57:30,880 --> 00:57:32,680
Speaker 1: the board got together and said, we don't really care

1112
00:57:32,720 --> 00:57:34,760
Speaker 1: whether the signatures are valid or not. We're going to

1113
00:57:34,760 --> 00:57:38,120
Speaker 1: block them. That was the final say so it is

1114
00:57:38,160 --> 00:57:41,160
Speaker 1: out and out rigging. It is out and out fraud.

1115
00:57:41,400 --> 00:57:46,160
Speaker 1: You know, impersonating Green Party volunteers, insinuating there's fraud but

1116
00:57:46,320 --> 00:57:49,080
Speaker 1: not proving it. It is really an insane story. And

1117
00:57:49,120 --> 00:57:55,120
Speaker 1: it just shows you how you know, they're pearl clutching

1118
00:57:55,360 --> 00:57:59,800
Speaker 1: about democracy, which is something I really actually care about.

1119
00:58:00,120 --> 00:58:02,200
Speaker 1: It would like to see the country be much more

1120
00:58:02,240 --> 00:58:06,040
Speaker 1: small d democratic. It's another example of how they're just

1121
00:58:06,040 --> 00:58:07,920
Speaker 1: full of it because when it came down to it

1122
00:58:07,960 --> 00:58:10,160
Speaker 1: and they had their own ability to rig the system,

1123
00:58:10,160 --> 00:58:12,560
Speaker 1: they'll do it. It reminds me of remember the Iowa

1124
00:58:12,600 --> 00:58:15,439
Speaker 1: caucuses when they wanted to like throw out the vote

1125
00:58:16,120 --> 00:58:19,600
Speaker 1: or do a different calculation for the caucuses that were

1126
00:58:19,600 --> 00:58:21,960
Speaker 1: coming in so strongly for Bernie Sanders, these like yes,

1127
00:58:22,720 --> 00:58:26,439
Speaker 1: overwhelming like immigrant communities that were showing up and voting

1128
00:58:26,440 --> 00:58:28,640
Speaker 1: overwhelmingly for Bernie. They're like, we don't want to count

1129
00:58:28,680 --> 00:58:34,440
Speaker 1: those ones differently. Again, Total hippocrites, Total hyppocrits out blatantly

1130
00:58:34,960 --> 00:58:37,520
Speaker 1: rigging the ballot in North Carolina because they're too afraid

1131
00:58:37,560 --> 00:58:41,680
Speaker 1: to actually appeal to voters and win in fair and square.

1132
00:58:41,720 --> 00:58:44,000
Speaker 1: It fits with the rigging that you were talking about

1133
00:58:44,000 --> 00:58:46,919
Speaker 1: with Joe Biden too broader Democratic primary. So this goes

1134
00:58:46,920 --> 00:58:48,800
Speaker 1: all the way up to the top, and it really

1135
00:58:48,840 --> 00:58:50,160
Speaker 1: is baked into them. I don't know what they're so

1136
00:58:50,240 --> 00:58:51,800
Speaker 1: afraid of. You know, you can just beat people if

1137
00:58:51,800 --> 00:58:54,760
Speaker 1: you want to, but it seems too difficult really actually

1138
00:58:54,800 --> 00:58:57,240
Speaker 1: appeal to people. Okay, thing, let's talk about this. This

1139
00:58:57,280 --> 00:58:59,400
Speaker 1: is fun. You know, you guys might have seen the

1140
00:58:59,440 --> 00:59:01,720
Speaker 1: headline less throw it up there on the screen. Joe

1141
00:59:01,840 --> 00:59:04,080
Speaker 1: Rogan said he's declined several times to have Trump on

1142
00:59:04,120 --> 00:59:06,480
Speaker 1: his podcast. I don't want to help him, said Rogan.

1143
00:59:06,520 --> 00:59:08,960
Speaker 1: Of course, the time says who has spread COVID misinformation

1144
00:59:09,080 --> 00:59:11,200
Speaker 1: is popular with many Trump supporters. First of all, do

1145
00:59:11,240 --> 00:59:13,000
Speaker 1: you have any data to back that up? Because that

1146
00:59:13,080 --> 00:59:15,280
Speaker 1: is not necessarily true. And I love that they are

1147
00:59:15,280 --> 00:59:18,480
Speaker 1: able to just post that with no you know, actual

1148
00:59:18,520 --> 00:59:22,080
Speaker 1: facts in order to bly that headline. Fine, but it does.

1149
00:59:22,720 --> 00:59:26,120
Speaker 1: Here's what happened. Rogan did an interview with Lex Friedman.

1150
00:59:26,480 --> 00:59:28,600
Speaker 1: He said, yeah, you know, I've declined to have him

1151
00:59:28,640 --> 00:59:31,400
Speaker 1: on the podcast multiple times because quote, I don't want

1152
00:59:31,440 --> 00:59:33,480
Speaker 1: to help him, he said, I think he's chaotic. These

1153
00:59:33,480 --> 00:59:35,360
Speaker 1: are all things if you listen to Rogan. He's probably

1154
00:59:35,400 --> 00:59:37,800
Speaker 1: said this a million times. As a reminder, he even

1155
00:59:37,800 --> 00:59:39,480
Speaker 1: has that new policy which he set out. He goes,

1156
00:59:39,480 --> 00:59:41,080
Speaker 1: I don't want to interview politicians. He's like, I don't

1157
00:59:41,080 --> 00:59:43,720
Speaker 1: want to be seen helping anybody. And I think legitimately,

1158
00:59:43,760 --> 00:59:45,840
Speaker 1: you know you and I having interviewed him, talked to him,

1159
00:59:45,960 --> 00:59:48,440
Speaker 1: been on the show twice, I don't think he doesn't

1160
00:59:48,560 --> 00:59:51,680
Speaker 1: enjoy being at the center of this like Mailstrom of politics.

1161
00:59:51,840 --> 00:59:55,240
Speaker 1: It's not something that he wants. So anyway, people project

1162
00:59:55,240 --> 00:59:58,959
Speaker 1: on him all sorts of things which he isn't. The problem, though,

1163
00:59:59,760 --> 01:00:02,160
Speaker 1: is the the Trump people are now very pissed off

1164
01:00:02,160 --> 01:00:05,240
Speaker 1: at him. With Steve Bannon now taking a shot, let's

1165
01:00:05,240 --> 01:00:09,120
Speaker 1: throw us up there on the screen, Bannon tears into

1166
01:00:09,280 --> 01:00:14,200
Speaker 1: Joe Rogan and his quote low information voters for not

1167
01:00:14,480 --> 01:00:18,880
Speaker 1: wanting to platform Trump. So here's what Steve Bannon had

1168
01:00:18,880 --> 01:00:21,040
Speaker 1: to say. Quote where is he about Spotify putting this

1169
01:00:21,080 --> 01:00:23,320
Speaker 1: guy's rap videos and making money off it? Why don't

1170
01:00:23,320 --> 01:00:25,600
Speaker 1: they notify the police? Why what is Spotify executive saying

1171
01:00:25,640 --> 01:00:28,320
Speaker 1: talking about that Highland the Island Parks shooter. Of course,

1172
01:00:28,360 --> 01:00:30,520
Speaker 1: he goes Spotify as an axistory before the fact, just

1173
01:00:30,560 --> 01:00:32,760
Speaker 1: like the parents are, and he goes, you got Joe

1174
01:00:32,840 --> 01:00:35,160
Speaker 1: Rogan over there, trash talk and Trump. I don't give

1175
01:00:35,160 --> 01:00:38,080
Speaker 1: Trump any platform, no offense. He doesn't need your platform,

1176
01:00:38,120 --> 01:00:41,840
Speaker 1: he doesn't need your low information voters. Continued Bannon. Okay,

1177
01:00:41,840 --> 01:00:45,840
Speaker 1: Trump deals with high information people. Your audience couldn't handle

1178
01:00:46,000 --> 01:00:49,320
Speaker 1: war room couldn't follow it. Start talking inverted yield curve,

1179
01:00:49,640 --> 01:00:52,680
Speaker 1: your eyes would cross. So you know, don't trash talk

1180
01:00:52,720 --> 01:00:55,360
Speaker 1: and take money from Spotify as Spotify as part of

1181
01:00:55,680 --> 01:00:58,640
Speaker 1: the problem. So I'm just gonna reveal a little bit

1182
01:00:58,680 --> 01:01:01,160
Speaker 1: of information here. It wasn't too long ago that I

1183
01:01:01,200 --> 01:01:03,800
Speaker 1: was contacted by somebody who works for Steve Bannon who

1184
01:01:03,840 --> 01:01:06,520
Speaker 1: wanted to get on the Joe Rogan experience. I declined,

1185
01:01:06,560 --> 01:01:08,760
Speaker 1: I'm mostly ninety nine point nine percent of the time,

1186
01:01:08,760 --> 01:01:10,160
Speaker 1: and somebody's like, hey, can you connect me with the the

1187
01:01:10,240 --> 01:01:11,600
Speaker 1: Rogan I'm like, no, I'm not going to do that.

1188
01:01:12,160 --> 01:01:14,080
Speaker 1: And he was one of them. So, just so you know,

1189
01:01:14,400 --> 01:01:16,080
Speaker 1: he didn't have it above him to try and get

1190
01:01:16,120 --> 01:01:20,600
Speaker 1: on the Joe Rogan experience. He was happy and when

1191
01:01:20,600 --> 01:01:22,720
Speaker 1: he wanted to to get on the Joe Rogan experience,

1192
01:01:22,760 --> 01:01:24,960
Speaker 1: whenever he has his people reach out to me, in

1193
01:01:25,040 --> 01:01:27,920
Speaker 1: order to do that. But yeah, it's just like, first

1194
01:01:27,920 --> 01:01:32,160
Speaker 1: of all, this this idea is actually very anti Bannonism,

1195
01:01:32,240 --> 01:01:35,960
Speaker 1: the idea of low information. It's like, dude, they're low

1196
01:01:36,000 --> 01:01:40,919
Speaker 1: information people aka non voters aka non politically activated ones,

1197
01:01:41,000 --> 01:01:43,400
Speaker 1: are the ones that you always said that you were

1198
01:01:43,400 --> 01:01:45,680
Speaker 1: four in the White House and are the reason that

1199
01:01:45,760 --> 01:01:49,400
Speaker 1: Donald Trump became President of the United States. Deeply insulting

1200
01:01:49,440 --> 01:01:53,000
Speaker 1: you're actually talking about here people were probably disproportionately more

1201
01:01:53,120 --> 01:01:55,920
Speaker 1: likely to vote than not. Clearly they're listening to somebody

1202
01:01:55,920 --> 01:01:59,200
Speaker 1: who occasionally has you know, newsy ish type of information,

1203
01:01:59,400 --> 01:02:01,880
Speaker 1: and you know, it just cuts against the entire idea

1204
01:02:02,000 --> 01:02:05,520
Speaker 1: that Trump or that the audience itself is somehow the

1205
01:02:05,560 --> 01:02:09,000
Speaker 1: problem and reflected in Rogan, when really they're just they're

1206
01:02:09,040 --> 01:02:11,040
Speaker 1: there to have a good time. There's nothing wrong with

1207
01:02:11,080 --> 01:02:14,320
Speaker 1: that whenever they're doing so. So anyway, I thought it's

1208
01:02:14,360 --> 01:02:17,600
Speaker 1: so hypocritical by Bannon and deeply coping, given the fact that,

1209
01:02:17,760 --> 01:02:19,320
Speaker 1: like I said, I know, we wanted to get on there,

1210
01:02:19,360 --> 01:02:21,080
Speaker 1: or at least the people around him wanted to get

1211
01:02:21,160 --> 01:02:24,040
Speaker 1: him on at some point. Listen, we've you know, as

1212
01:02:24,080 --> 01:02:27,880
Speaker 1: we've discussed here before, and I've discussed before Joe Rogan,

1213
01:02:27,960 --> 01:02:30,920
Speaker 1: of course is not a perfect person, no doubt about it.

1214
01:02:31,320 --> 01:02:34,400
Speaker 1: But I would take the information that is being spread

1215
01:02:34,560 --> 01:02:39,440
Speaker 1: on his show over I mean CNN, MSNC, Fox News,

1216
01:02:39,840 --> 01:02:43,760
Speaker 1: because there's actually a depth of conversation there that is,

1217
01:02:43,920 --> 01:02:48,160
Speaker 1: you know, oftentimes, not always, oftentimes, you know, delves much

1218
01:02:48,160 --> 01:02:50,360
Speaker 1: more deeply into the issues we're facing than the surface

1219
01:02:50,440 --> 01:02:52,919
Speaker 1: level parts and bullshit that we get in cable news.

1220
01:02:52,960 --> 01:02:57,680
Speaker 1: So that's number one. Number two, you know, I think

1221
01:02:58,320 --> 01:03:00,840
Speaker 1: in terms of whether or not he should intern you Trump,

1222
01:03:01,080 --> 01:03:04,320
Speaker 1: I actually, you know, maybe this is an unpopular opinion.

1223
01:03:04,360 --> 01:03:06,360
Speaker 1: I don't know. I actually would like to see him

1224
01:03:06,360 --> 01:03:09,760
Speaker 1: interview Trump. Obviously it's his show, he can do what

1225
01:03:09,800 --> 01:03:12,880
Speaker 1: he wants with it. But it would have to be

1226
01:03:13,000 --> 01:03:15,880
Speaker 1: the case, though, that Trump would submit himself to the

1227
01:03:15,960 --> 01:03:18,640
Speaker 1: full like three hours or whatever. And I don't think

1228
01:03:18,680 --> 01:03:22,280
Speaker 1: he would ever ever agree to come in the studio

1229
01:03:22,480 --> 01:03:25,280
Speaker 1: and do the thing that our regular guest does. And

1230
01:03:25,360 --> 01:03:27,480
Speaker 1: so yeah, if Trump is trying to have it, like

1231
01:03:27,520 --> 01:03:31,560
Speaker 1: on his terms, a shorter interview, more controlled by him

1232
01:03:31,560 --> 01:03:34,480
Speaker 1: and his handlers, then absolutely he shouldn't do that. So

1233
01:03:34,560 --> 01:03:37,880
Speaker 1: I've interviewed Trump probably two hours in total across four

1234
01:03:37,880 --> 01:03:40,040
Speaker 1: different times. I don't see how it could work. And

1235
01:03:40,080 --> 01:03:42,960
Speaker 1: their problem is is he's a steamroller. Number one. He

1236
01:03:43,000 --> 01:03:45,520
Speaker 1: would not let josp He'd be like, excuse me, excuse me,

1237
01:03:45,720 --> 01:03:47,360
Speaker 1: excuse me. And at a certain point, you know, is

1238
01:03:47,520 --> 01:03:49,640
Speaker 1: he was the president at least when I was interviewing him,

1239
01:03:49,680 --> 01:03:51,400
Speaker 1: you have to give some sort of deference. And you

1240
01:03:51,440 --> 01:03:54,200
Speaker 1: can't be completely confrontational because then they're just going to

1241
01:03:54,280 --> 01:03:58,400
Speaker 1: cut it off completely. He just speaks in multi paragraphs.

1242
01:03:58,440 --> 01:04:01,640
Speaker 1: It's very difficult to get in there. He's a real rambler.

1243
01:04:01,960 --> 01:04:04,680
Speaker 1: And I don't think that I don't think Joe would

1244
01:04:04,680 --> 01:04:05,960
Speaker 1: get a lot out of it, and I don't think

1245
01:04:05,960 --> 01:04:08,400
Speaker 1: the audience would necessarily get a lot out of it either,

1246
01:04:08,440 --> 01:04:11,720
Speaker 1: because Trump is also a poser, Like he's never answering

1247
01:04:11,720 --> 01:04:15,840
Speaker 1: the question in real fashion. He's always play acting. Joe

1248
01:04:15,920 --> 01:04:18,080
Speaker 1: is good at cutting through that kind of bullshit though,

1249
01:04:18,160 --> 01:04:20,120
Speaker 1: you know, especially if you had if you give him

1250
01:04:20,200 --> 01:04:25,080
Speaker 1: enough time, now you know exactly now, and that's the thing,

1251
01:04:25,160 --> 01:04:27,400
Speaker 1: and like, ultimately, look, obviously if Joe doesn't want to

1252
01:04:27,400 --> 01:04:29,720
Speaker 1: do it, he doesn't want to do it, but you know,

1253
01:04:29,800 --> 01:04:32,680
Speaker 1: the idea that if he had him on it would

1254
01:04:32,760 --> 01:04:35,360
Speaker 1: automatically be helpful to Trump I don't buy that at all,

1255
01:04:35,440 --> 01:04:37,160
Speaker 1: because I think over the course of you know, a

1256
01:04:37,240 --> 01:04:39,120
Speaker 1: lengthy interview, I think he could do a lot of

1257
01:04:39,160 --> 01:04:41,960
Speaker 1: things that would expose himself in a way that you know,

1258
01:04:42,000 --> 01:04:45,160
Speaker 1: the mainstream process has never known how to handle Donald Trump,

1259
01:04:45,160 --> 01:04:48,400
Speaker 1: and I actually have more faith in Joe to do

1260
01:04:48,520 --> 01:04:51,920
Speaker 1: a better job with it than most of the interviewers

1261
01:04:52,040 --> 01:04:55,080
Speaker 1: who have tried to tried to talk to him. Worst

1262
01:04:55,160 --> 01:04:58,160
Speaker 1: case scenario is like the NLK boys whenever they sat

1263
01:04:58,240 --> 01:05:01,000
Speaker 1: down with spout it off for like an hour and

1264
01:05:01,040 --> 01:05:02,920
Speaker 1: a half from on a bunch of election bullshit, and

1265
01:05:02,960 --> 01:05:05,440
Speaker 1: they're like, yeah, Donnie, that's right, Donnie, you know, sitting

1266
01:05:05,480 --> 01:05:08,160
Speaker 1: there like drinking their stupid seltzer. But even that wasn't

1267
01:05:08,160 --> 01:05:10,120
Speaker 1: there a moment from that, Even that was kind of

1268
01:05:10,560 --> 01:05:13,480
Speaker 1: like revealing. I remember there was something from that that

1269
01:05:13,560 --> 01:05:16,160
Speaker 1: we covered, and we covered the fact that it got

1270
01:05:16,160 --> 01:05:18,920
Speaker 1: taken down by YouTube, which is really dumb. I mean,

1271
01:05:18,960 --> 01:05:20,800
Speaker 1: I think it's fine for people to see the president.

1272
01:05:20,840 --> 01:05:22,720
Speaker 1: That it was more on if they want to and

1273
01:05:22,800 --> 01:05:24,680
Speaker 1: spend time with these guys. Like I said, my big

1274
01:05:24,720 --> 01:05:26,840
Speaker 1: beef was that those guys were wearing shorts with the president.

1275
01:05:26,880 --> 01:05:29,760
Speaker 1: But what they can do, what they want. They have

1276
01:05:29,760 --> 01:05:32,480
Speaker 1: a very successful business over there than Nelk. Gentlemen, I

1277
01:05:32,520 --> 01:05:36,560
Speaker 1: think that it's interesting the perspective of can you have

1278
01:05:36,720 --> 01:05:39,760
Speaker 1: a productive interview with Trump on this type of platform.

1279
01:05:40,080 --> 01:05:43,040
Speaker 1: I honestly, I just don't know if it would be possible,

1280
01:05:43,040 --> 01:05:46,640
Speaker 1: given his steamrolling, given how wetted he is to so

1281
01:05:46,760 --> 01:05:49,120
Speaker 1: much of this crap, and he does get angry in

1282
01:05:49,160 --> 01:05:51,840
Speaker 1: bristles whenever you do poke him or push him in

1283
01:05:51,880 --> 01:05:54,080
Speaker 1: the direction that I think Rogan would have to. Otherwise

1284
01:05:54,120 --> 01:05:56,080
Speaker 1: you'd have to just sit back, and you know, you

1285
01:05:56,120 --> 01:05:57,680
Speaker 1: know that's a bad look too. You don't want to

1286
01:05:57,680 --> 01:06:00,840
Speaker 1: get steamrolled dot. I don't think as instan are incorrect

1287
01:06:00,840 --> 01:06:02,280
Speaker 1: at all to just say, you know what, like I'm

1288
01:06:02,280 --> 01:06:03,640
Speaker 1: sick of I don't need it. I don't need any

1289
01:06:03,640 --> 01:06:05,920
Speaker 1: of that. I don't need I guess, the way I

1290
01:06:05,960 --> 01:06:08,400
Speaker 1: see it, I totally understand where he's coming from, and

1291
01:06:08,440 --> 01:06:11,400
Speaker 1: I would probably make the same decision. But it's not

1292
01:06:11,560 --> 01:06:14,400
Speaker 1: clear to me that in terms of like what the

1293
01:06:14,400 --> 01:06:18,120
Speaker 1: public would benefit from that it wouldn't be a benefit

1294
01:06:18,200 --> 01:06:21,640
Speaker 1: to have Rogan three hours with Trump. Sure, again, I

1295
01:06:21,680 --> 01:06:24,439
Speaker 1: don't think that's a possible, Like I don't think that's

1296
01:06:24,480 --> 01:06:26,720
Speaker 1: a there's a universe where that is an actual possibility,

1297
01:06:26,720 --> 01:06:28,640
Speaker 1: because I don't think he would. I don't think he

1298
01:06:28,640 --> 01:06:31,959
Speaker 1: would submit to that type of situation where he really

1299
01:06:32,000 --> 01:06:34,520
Speaker 1: doesn't have control where it can go as long as

1300
01:06:34,960 --> 01:06:37,040
Speaker 1: Joe wants it to go, and all of those sorts

1301
01:06:37,040 --> 01:06:38,640
Speaker 1: of then his handlers aren't there at all of that.

1302
01:06:38,680 --> 01:06:41,040
Speaker 1: I don't think he would submit to that ultimately, because

1303
01:06:41,440 --> 01:06:45,440
Speaker 1: you know, he's too fearful and too controlling of of

1304
01:06:45,440 --> 01:06:48,280
Speaker 1: how that might ultimately go. But you know, if if

1305
01:06:48,320 --> 01:06:51,280
Speaker 1: that was a possibility in the universe, I do think

1306
01:06:51,320 --> 01:06:54,400
Speaker 1: actually the public could benefit from it, and it would

1307
01:06:54,400 --> 01:06:58,240
Speaker 1: be more revealing than what you typically get in the mainstream.

1308
01:06:58,320 --> 01:06:59,760
Speaker 1: If they were all willing to do it, I would

1309
01:06:59,800 --> 01:07:01,920
Speaker 1: love to see it, you know, if Biden would, and

1310
01:07:02,200 --> 01:07:05,280
Speaker 1: again for real, like actually talk openly. It's just in

1311
01:07:05,280 --> 01:07:09,080
Speaker 1: my experience, these guys are so buttoned up they're unable

1312
01:07:09,120 --> 01:07:11,360
Speaker 1: to open themselves up to any sort of critical and

1313
01:07:11,480 --> 01:07:13,520
Speaker 1: green They're just always full of shit. They're always lying,

1314
01:07:13,600 --> 01:07:15,160
Speaker 1: you know. I mean there's a reason why we don't

1315
01:07:15,160 --> 01:07:17,760
Speaker 1: interview money, yeah, exactly, because they have all these bullshit

1316
01:07:18,040 --> 01:07:20,280
Speaker 1: restrictions just so people know, oh, it can only go

1317
01:07:20,400 --> 01:07:23,200
Speaker 1: eight minutes from nine. We want to see your questions

1318
01:07:23,240 --> 01:07:25,320
Speaker 1: that ine the questions in advanced and it's like, no,

1319
01:07:25,640 --> 01:07:27,680
Speaker 1: that's not happening here. And then they're like, well on

1320
01:07:27,880 --> 01:07:29,800
Speaker 1: CNN they done Like I don't care, they don't work

1321
01:07:29,800 --> 01:07:31,760
Speaker 1: at CNN. You know. It's just one of those things

1322
01:07:31,800 --> 01:07:35,680
Speaker 1: where they have a very set rules that they like

1323
01:07:35,720 --> 01:07:38,080
Speaker 1: to operate in, which is mostly cable where they get

1324
01:07:38,120 --> 01:07:40,160
Speaker 1: to they have all the power and they can control

1325
01:07:40,400 --> 01:07:42,000
Speaker 1: access and all that, and when you remove that, they

1326
01:07:42,000 --> 01:07:44,120
Speaker 1: don't really know what to do, and then they don't

1327
01:07:44,120 --> 01:07:46,560
Speaker 1: want to put themselves in that situation. You know, Rocanna

1328
01:07:46,560 --> 01:07:48,000
Speaker 1: at least one of the only people who's willing to

1329
01:07:48,000 --> 01:07:49,040
Speaker 1: come on here and I'll be like, hey, what do

1330
01:07:49,040 --> 01:07:51,520
Speaker 1: you think about this? What's actually happening? Row and for all,

1331
01:07:51,720 --> 01:07:54,280
Speaker 1: for you know, whatever has got his problems too. You

1332
01:07:54,360 --> 01:07:57,640
Speaker 1: have answer any question. Yes, no, at least done anything.

1333
01:07:57,680 --> 01:08:00,280
Speaker 1: I appreciate that. Well, he understands rare the power of

1334
01:08:00,320 --> 01:08:01,880
Speaker 1: what you can get and who you can talk to

1335
01:08:01,920 --> 01:08:03,200
Speaker 1: when you come on the show. But from one of

1336
01:08:03,240 --> 01:08:05,760
Speaker 1: these people, there's such boomers they don't even really understand it.

1337
01:08:05,800 --> 01:08:09,560
Speaker 1: And just like I said, I've met hundreds of these

1338
01:08:09,600 --> 01:08:12,919
Speaker 1: people politicians and more I've met maybe three or four

1339
01:08:13,000 --> 01:08:15,560
Speaker 1: I think that could have a real free flowing conversation

1340
01:08:15,600 --> 01:08:18,280
Speaker 1: because they're not genuine people. They're fake, right, Like to

1341
01:08:18,320 --> 01:08:20,400
Speaker 1: make it in this business, you have to be fake

1342
01:08:20,520 --> 01:08:23,400
Speaker 1: as possible. So yeah, everything ingrained in them from the

1343
01:08:23,520 --> 01:08:26,920
Speaker 1: day they ran for student body president or whatever has

1344
01:08:27,000 --> 01:08:28,519
Speaker 1: turned them off from being able to be a good

1345
01:08:28,520 --> 01:08:31,479
Speaker 1: guest again, that's my opinion. Yeah, and to hold up

1346
01:08:31,520 --> 01:08:34,320
Speaker 1: that artifice for three hours, it's very hard, you know,

1347
01:08:34,360 --> 01:08:36,880
Speaker 1: if you get past the ten minute talking point, the

1348
01:08:36,920 --> 01:08:42,200
Speaker 1: whole thing kind of falls from exactly. All right, Sager,

1349
01:08:42,240 --> 01:08:44,040
Speaker 1: what are you looking at? Well, it's time for another

1350
01:08:44,040 --> 01:08:46,400
Speaker 1: gas monologue here by Sager. But I promise you all

1351
01:08:46,400 --> 01:08:48,439
Speaker 1: this time it's not the gas that you're thinking of.

1352
01:08:48,720 --> 01:08:50,240
Speaker 1: We've talked a lot here on the show about the

1353
01:08:50,240 --> 01:08:53,439
Speaker 1: structural problems that belay the high gas prices right now.

1354
01:08:53,520 --> 01:08:55,759
Speaker 1: And while I have touched on other areas of energy

1355
01:08:55,840 --> 01:08:58,400
Speaker 1: like diesel and other markets, one market that we spent

1356
01:08:58,479 --> 01:09:01,040
Speaker 1: less time on but still tremendously for all of our

1357
01:09:01,120 --> 01:09:04,439
Speaker 1: daily lives is natural gas. So it's difficult to state

1358
01:09:04,479 --> 01:09:07,280
Speaker 1: the impact that natural gas revolution has had on American

1359
01:09:07,320 --> 01:09:09,720
Speaker 1: life over the last two decades. It's a cheap and

1360
01:09:09,760 --> 01:09:12,360
Speaker 1: reliable source of power across the country. It's become a

1361
01:09:12,400 --> 01:09:15,479
Speaker 1: major global commodity, and it has underwritten the economic growth

1362
01:09:15,520 --> 01:09:18,200
Speaker 1: of much of the West, India and China now for

1363
01:09:18,360 --> 01:09:21,000
Speaker 1: almost two decades. None of us paid that much attention

1364
01:09:21,200 --> 01:09:24,960
Speaker 1: until COVID, especially until the Russian invasion of Ukraine. And

1365
01:09:25,120 --> 01:09:27,240
Speaker 1: like those two things, we are now paying the price

1366
01:09:27,439 --> 01:09:30,800
Speaker 1: for globalization. Here in the US, natural gas makes up

1367
01:09:30,840 --> 01:09:33,519
Speaker 1: forty percent of all power that we produced in twenty

1368
01:09:33,600 --> 01:09:36,400
Speaker 1: twenty one alone. The key difference between the US and

1369
01:09:36,400 --> 01:09:38,679
Speaker 1: the rest of the world is though that we make

1370
01:09:38,880 --> 01:09:41,400
Speaker 1: a ton of it. In Europe they get twenty five

1371
01:09:41,439 --> 01:09:44,719
Speaker 1: percent of their power from natural gas. The problem for them, though,

1372
01:09:44,920 --> 01:09:48,160
Speaker 1: is they're the largest importer in the world, and guess

1373
01:09:48,200 --> 01:09:51,320
Speaker 1: who provides the vast majority of that gas. Russia, who

1374
01:09:51,320 --> 01:09:54,640
Speaker 1: gives them approximately forty percent of all gas they consumed

1375
01:09:54,960 --> 01:09:57,840
Speaker 1: just last year before the invasion. Part of the reason

1376
01:09:57,880 --> 01:10:01,120
Speaker 1: for this is Russia is of course geographic close. The

1377
01:10:01,200 --> 01:10:04,200
Speaker 1: Russians have cheap gas, much cheaper than having to import

1378
01:10:04,240 --> 01:10:06,960
Speaker 1: it from far away countries. Now, with the invasion of Ukraine,

1379
01:10:07,000 --> 01:10:09,360
Speaker 1: we've seen a commitment by the Europeans to cut themselves

1380
01:10:09,439 --> 01:10:11,840
Speaker 1: off not only from Russian oil, but to taper from

1381
01:10:11,920 --> 01:10:14,840
Speaker 1: Russian gas with the cancelation of the North Stream pipeline

1382
01:10:14,880 --> 01:10:17,759
Speaker 1: and more. The problem, though, is that they still need power,

1383
01:10:17,920 --> 01:10:20,200
Speaker 1: so they have to buy it from somewhere, and the

1384
01:10:20,240 --> 01:10:22,920
Speaker 1: shortage in natural gas markets and the disruption is not

1385
01:10:23,000 --> 01:10:25,280
Speaker 1: being felt by you at a consumer level in the

1386
01:10:25,320 --> 01:10:28,160
Speaker 1: same way. But the current craziness of the market may

1387
01:10:28,200 --> 01:10:31,120
Speaker 1: still and actually have even more of a destabilizing effect

1388
01:10:31,160 --> 01:10:33,559
Speaker 1: on all of us than high prices at the pump.

1389
01:10:33,800 --> 01:10:36,799
Speaker 1: The real crisis could actually just be beginning. Natural gas

1390
01:10:36,840 --> 01:10:39,759
Speaker 1: is already up seven hundred percent over last year because

1391
01:10:39,760 --> 01:10:42,320
Speaker 1: of the demand increase in the Russian invasion. This has

1392
01:10:42,320 --> 01:10:46,200
Speaker 1: caused complete chaos in Europe. Or energy prices are skyrocketing,

1393
01:10:46,400 --> 01:10:48,679
Speaker 1: and even here at home, where cooling bills and soon

1394
01:10:48,720 --> 01:10:52,960
Speaker 1: heating bills will be out of control expensive. The world

1395
01:10:53,040 --> 01:10:55,760
Speaker 1: may not be ready for a genuinely cataclysmic event, which

1396
01:10:55,800 --> 01:10:59,280
Speaker 1: is only a few days away. Exactly four days. Right now,

1397
01:10:59,479 --> 01:11:01,880
Speaker 1: Russia is going to completely shut down the nord Stream

1398
01:11:01,960 --> 01:11:05,280
Speaker 1: one pipeline that carries natural gas to Europe. That shutdown

1399
01:11:05,280 --> 01:11:08,120
Speaker 1: is scheduled to last only eleven days, but the Germans

1400
01:11:08,120 --> 01:11:11,000
Speaker 1: are now saying it may not ever get turned back

1401
01:11:11,040 --> 01:11:14,160
Speaker 1: on that as they have already cut natural gas flows

1402
01:11:14,160 --> 01:11:17,559
Speaker 1: to Germany by some sixty percent. The German ministers are

1403
01:11:17,560 --> 01:11:21,480
Speaker 1: describing it as quote economic warfare by Russia in retaliation

1404
01:11:21,880 --> 01:11:25,599
Speaker 1: for Western sanctions. Given the tremendous reliance by Germany, Italy

1405
01:11:25,640 --> 01:11:29,000
Speaker 1: and other major European economies on gas, a total shutoff

1406
01:11:29,000 --> 01:11:32,519
Speaker 1: could spark a legitimate crisis. Already, Germany has laid out

1407
01:11:32,520 --> 01:11:35,639
Speaker 1: a plan to ration natural gas and power, meaning literal

1408
01:11:35,720 --> 01:11:38,920
Speaker 1: rolling blackouts across the country, even if they do try

1409
01:11:38,960 --> 01:11:41,719
Speaker 1: to back up their grids with coal. Their union ministers

1410
01:11:41,760 --> 01:11:45,040
Speaker 1: are talking about the sheer collapse of German industry, which

1411
01:11:45,040 --> 01:11:48,000
Speaker 1: relies on Russian gas, if a shutoff is extended, and

1412
01:11:48,040 --> 01:11:52,040
Speaker 1: the biggest problem remains infrastructure and globalization. Right now, natural

1413
01:11:52,120 --> 01:11:54,679
Speaker 1: gas prices in America are actually cheaper than the rest

1414
01:11:54,720 --> 01:11:57,120
Speaker 1: of the world. Yes, also because we make it here,

1415
01:11:57,280 --> 01:11:59,519
Speaker 1: but actually a worse reason. There was a fire at

1416
01:11:59,520 --> 01:12:01,680
Speaker 1: the Free Point or in Texas, where natural gas is

1417
01:12:01,720 --> 01:12:04,559
Speaker 1: liquefied and exported. That fire shut down the facility for

1418
01:12:04,600 --> 01:12:07,200
Speaker 1: a minimum of ninety days, meaning that if it can't

1419
01:12:07,200 --> 01:12:10,080
Speaker 1: be exported then the supply is higher here at home.

1420
01:12:10,360 --> 01:12:12,960
Speaker 1: It was a temporary reprieve which is not going to last.

1421
01:12:13,120 --> 01:12:15,960
Speaker 1: The moment the freeport facility is back online, it's going

1422
01:12:16,040 --> 01:12:19,240
Speaker 1: to be booming business with European and Asian tankers who

1423
01:12:19,280 --> 01:12:22,760
Speaker 1: are desperate for American natural gas. That is going to

1424
01:12:22,800 --> 01:12:26,080
Speaker 1: equalize prices here at home with global ones, meaning all

1425
01:12:26,120 --> 01:12:27,960
Speaker 1: of us will be paying a hell of a lot more.

1426
01:12:28,120 --> 01:12:29,920
Speaker 1: But the worst part is that none of this is

1427
01:12:29,960 --> 01:12:33,040
Speaker 1: even still going to work. The Europeans are surging natural

1428
01:12:33,040 --> 01:12:35,640
Speaker 1: gas facilities, but that's not going to backfill what the

1429
01:12:35,760 --> 01:12:39,160
Speaker 1: Russians have been providing them. A sheer lack of infrastructure

1430
01:12:39,200 --> 01:12:42,240
Speaker 1: on the continent means they are plainly screwed almost no

1431
01:12:42,240 --> 01:12:45,200
Speaker 1: matter what if the Russians cut them off. Furthermore, it's

1432
01:12:45,240 --> 01:12:47,840
Speaker 1: not like the West is the whole world. While yes,

1433
01:12:47,960 --> 01:12:50,400
Speaker 1: Germany is almost certainly going to ration, as is the

1434
01:12:50,439 --> 01:12:53,360
Speaker 1: rest of the continent. Third world countries are plunging into

1435
01:12:53,400 --> 01:12:57,439
Speaker 1: complete chaos already. Pakistan, whose entire grid is built on

1436
01:12:57,520 --> 01:13:00,800
Speaker 1: cheap LNG, is having rolling blackout in the middle of

1437
01:13:00,840 --> 01:13:04,000
Speaker 1: the summer for up to twelve hours. Thailand is on

1438
01:13:04,040 --> 01:13:07,040
Speaker 1: the brink of fuel shortage because it can't afford expensive

1439
01:13:07,120 --> 01:13:09,360
Speaker 1: natural gas, and the rest of the world is turning

1440
01:13:09,400 --> 01:13:12,080
Speaker 1: to straight up coal to just power their grids because

1441
01:13:12,120 --> 01:13:14,760
Speaker 1: it's cheaper, more accessible than gas, and that is a

1442
01:13:14,960 --> 01:13:18,880
Speaker 1: disaster for CO two output. In short, we are watching

1443
01:13:18,960 --> 01:13:22,879
Speaker 1: in real time in unraveling of the global economy. Germany

1444
01:13:22,960 --> 01:13:25,679
Speaker 1: is about to post a trade deficit for the first

1445
01:13:25,680 --> 01:13:29,680
Speaker 1: time since nineteen ninety one, revealing that their economy and

1446
01:13:29,720 --> 01:13:33,439
Speaker 1: the Eurozone was fake all along. Their trade surplus with

1447
01:13:33,479 --> 01:13:37,400
Speaker 1: the world was underwritten by cheap net Russian natural gas,

1448
01:13:37,640 --> 01:13:41,280
Speaker 1: which they use to manufacture goods and then export them

1449
01:13:41,280 --> 01:13:43,280
Speaker 1: in a profit to the rest of the world. That's

1450
01:13:43,400 --> 01:13:46,760
Speaker 1: over the decline of the biggest European continental power and

1451
01:13:46,800 --> 01:13:50,160
Speaker 1: the cornerstone of the euro currency, hit its twenty year

1452
01:13:50,280 --> 01:13:53,519
Speaker 1: low just yesterday. I don't have to be a genius

1453
01:13:53,560 --> 01:13:55,920
Speaker 1: to figure out that when the German economy goes into

1454
01:13:55,960 --> 01:13:58,960
Speaker 1: recession suddenly, it's not usually good news for Europe or

1455
01:13:58,960 --> 01:14:01,280
Speaker 1: for the rest of the world. This time the consequences

1456
01:14:01,320 --> 01:14:03,920
Speaker 1: could be dire as well, because the structural effect of

1457
01:14:03,920 --> 01:14:07,320
Speaker 1: a German recession effectively means an energy shortage for the

1458
01:14:07,560 --> 01:14:11,160
Speaker 1: entire world. And don't forget, just like with oil. High

1459
01:14:11,280 --> 01:14:14,639
Speaker 1: energy prices bleed into everything. They increase not only home bills,

1460
01:14:14,720 --> 01:14:17,240
Speaker 1: but increase the production price across the board for all

1461
01:14:17,320 --> 01:14:20,679
Speaker 1: goods worldwide, not just the ones here and in the US.

1462
01:14:20,920 --> 01:14:22,960
Speaker 1: As far as solutions, you all know what I think,

1463
01:14:23,080 --> 01:14:25,679
Speaker 1: build nuclear power plants across the globe. Do it now?

1464
01:14:25,840 --> 01:14:28,240
Speaker 1: But I know we're not going to, so instead, all

1465
01:14:28,280 --> 01:14:31,200
Speaker 1: of us are about to suffer big time. The nineteen

1466
01:14:31,240 --> 01:14:33,360
Speaker 1: seventies are back, and we have got a Carter like

1467
01:14:33,360 --> 01:14:35,679
Speaker 1: figure in the White House, a recession and the attendant

1468
01:14:35,760 --> 01:14:38,280
Speaker 1: chaos that comes with the decade is here to say.

1469
01:14:38,520 --> 01:14:40,719
Speaker 1: They said in the eighties that the seventies were revenge

1470
01:14:40,720 --> 01:14:42,920
Speaker 1: for the sixties, and the twenty twenties then are the

1471
01:14:42,960 --> 01:14:45,519
Speaker 1: revenge for the hubris of the two thousands. The bad

1472
01:14:45,560 --> 01:14:47,519
Speaker 1: part is that we're the ones who have to pay

1473
01:14:47,520 --> 01:14:49,880
Speaker 1: the price this time. And I really couldn't get over

1474
01:14:49,920 --> 01:14:51,960
Speaker 1: when I was looking at the rationing. And if you

1475
01:14:52,000 --> 01:14:54,840
Speaker 1: want to hear my reaction to Cyber's monologue, become a

1476
01:14:54,840 --> 01:15:00,800
Speaker 1: premium subscriber today at Breakingpoints dot com. All right, Chris, well,

1477
01:15:00,800 --> 01:15:02,559
Speaker 1: what are you taking to look at? Well? Friends, the

1478
01:15:02,560 --> 01:15:04,920
Speaker 1: midterms are coming up fast and furious and that outlook

1479
01:15:04,920 --> 01:15:08,360
Speaker 1: has ranged from bad to dire to outright cataclysmic for

1480
01:15:08,520 --> 01:15:11,799
Speaker 1: Democrats who are hoping to keep their hold on power. Obviously,

1481
01:15:11,800 --> 01:15:14,600
Speaker 1: inflation is still high. Almost everyone agrees the country is

1482
01:15:14,600 --> 01:15:17,320
Speaker 1: on the wrong track. Biden is unpopular, and the economy

1483
01:15:17,400 --> 01:15:21,479
Speaker 1: might already be in a recession. But a potential ray

1484
01:15:21,479 --> 01:15:24,880
Speaker 1: of light for the beleaguered Dems has appeared on the horizon,

1485
01:15:25,200 --> 01:15:27,920
Speaker 1: a small glimmer of hope for them, a life raft

1486
01:15:28,040 --> 01:15:31,160
Speaker 1: being offered from the most unexpected of places. Out of

1487
01:15:31,200 --> 01:15:34,120
Speaker 1: the darkness. The lunius fringe of the Republican Party is

1488
01:15:34,160 --> 01:15:38,840
Speaker 1: downdoing their absolute best to rescue Democrats' midterm chances. What

1489
01:15:38,880 --> 01:15:41,840
Speaker 1: do I mean chances are? You already know what I mean?

1490
01:15:42,000 --> 01:15:44,760
Speaker 1: But here is a little taste anyway. So this is

1491
01:15:44,800 --> 01:15:49,679
Speaker 1: a viral mashup of the Arizona GOP's gubernatorial debate. Why

1492
01:15:49,720 --> 01:15:52,160
Speaker 1: not get high tech people that are going to be

1493
01:15:52,160 --> 01:15:54,840
Speaker 1: on the machines that are Republicans, a Democrat Republican get

1494
01:15:54,920 --> 01:15:59,160
Speaker 1: supervisors equal amount. It happens that we have parties looking

1495
01:15:59,200 --> 01:16:03,200
Speaker 1: over that's right, they're doing it now. No, no, they're

1496
01:16:03,200 --> 01:16:09,519
Speaker 1: actually hundreds two hundred thousand minimum ballots were trafficked by mules. No,

1497
01:16:09,800 --> 01:16:14,400
Speaker 1: honest to finish, Mommy, I don't believe this primary has

1498
01:16:14,439 --> 01:16:16,479
Speaker 1: been fair. I can tell you that, otherwise I wouldn't

1499
01:16:16,439 --> 01:16:18,559
Speaker 1: have launch the loss. Our campaign is a movement. We're

1500
01:16:18,560 --> 01:16:20,280
Speaker 1: going to show up and vote in droves. They're going

1501
01:16:20,320 --> 01:16:22,880
Speaker 1: to have to cheat even harder in order to try

1502
01:16:22,880 --> 01:16:27,960
Speaker 1: to win this. Your campaign is a syop, Paula, I

1503
01:16:28,040 --> 01:16:30,960
Speaker 1: feel like this is a spoof. Honestly, finish what you

1504
01:16:30,960 --> 01:16:34,439
Speaker 1: were saying. Please? Is this a spoof? Tech? No, it's

1505
01:16:34,479 --> 01:16:37,479
Speaker 1: not finish. Are you sure? I am. Why can't we

1506
01:16:37,520 --> 01:16:39,599
Speaker 1: treat human life in the same way that we would

1507
01:16:39,600 --> 01:16:43,720
Speaker 1: treat alien life that we discovered? How alien? Would you?

1508
01:16:43,920 --> 01:16:46,200
Speaker 1: There's a reason we don't always invite Scott because he's

1509
01:16:46,200 --> 01:16:50,879
Speaker 1: pulling at zero percent. This is what happens, Scott, Please,

1510
01:16:51,600 --> 01:16:54,439
Speaker 1: and no, you can't respond to a closing statement. The

1511
01:16:54,479 --> 01:16:57,280
Speaker 1: only kind of drag I've ever dressed in is a

1512
01:16:57,320 --> 01:17:01,360
Speaker 1: business suit or construction work clothes. I've never aspired to

1513
01:17:01,360 --> 01:17:06,599
Speaker 1: be Elvis Presley. All right, that's it, that's it, that's it.

1514
01:17:08,760 --> 01:17:12,799
Speaker 1: That clip really had it all cringe election conspiracies, weird

1515
01:17:13,120 --> 01:17:17,080
Speaker 1: white ethnic cringe things that I genuinely don't even understand,

1516
01:17:17,120 --> 01:17:19,080
Speaker 1: like the call to treat life as if it was

1517
01:17:19,160 --> 01:17:22,600
Speaker 1: alien life, what does that mean? Clearly these people have

1518
01:17:22,760 --> 01:17:26,200
Speaker 1: lost their minds. Actually, the lady favorably citing the Grifter

1519
01:17:26,280 --> 01:17:28,519
Speaker 1: two thousand Mules movie. That's the one that is currently

1520
01:17:28,560 --> 01:17:31,080
Speaker 1: in the lead, according to la But it'd be a

1521
01:17:31,080 --> 01:17:34,679
Speaker 1: mistake to consider this an isolated phenomenon. A confluence of events,

1522
01:17:34,720 --> 01:17:37,120
Speaker 1: from the Road decision to the possibility of the Supreme

1523
01:17:37,120 --> 01:17:39,759
Speaker 1: Court rolling back even more rights, to the renewed focus

1524
01:17:39,760 --> 01:17:43,000
Speaker 1: on twenty twenty election conspiracies thanks to January sixth hearings.

1525
01:17:43,320 --> 01:17:46,240
Speaker 1: All of this is really bringing out the unhinged freak

1526
01:17:46,479 --> 01:17:50,599
Speaker 1: in Republican Canadas and Republican elected officials from coast to coast,

1527
01:17:50,760 --> 01:17:54,240
Speaker 1: in red states, blue states, and everywhere in between, Republicans

1528
01:17:54,240 --> 01:17:58,839
Speaker 1: are backing unhinged theories, pushing morally repugnant legislation, and generally

1529
01:17:58,840 --> 01:18:02,639
Speaker 1: behaving like maniac. It may not be enough to rescue

1530
01:18:02,640 --> 01:18:05,400
Speaker 1: Dems in the midterms, but by golly, they are doing

1531
01:18:05,439 --> 01:18:08,920
Speaker 1: their damnedest so up in Michigan, the Republican nominee for

1532
01:18:08,960 --> 01:18:14,080
Speaker 1: Secretary of State she has linked abortion to child's sacrifice.

1533
01:18:14,320 --> 01:18:18,160
Speaker 1: She's also said that demonic possession is real and can

1534
01:18:18,200 --> 01:18:22,000
Speaker 1: be contracted through sex. Now, this woman rose to prominence

1535
01:18:22,080 --> 01:18:25,000
Speaker 1: by claiming to have witnessed election fraud and signing onto

1536
01:18:25,040 --> 01:18:28,280
Speaker 1: a pack of bogus election fraud claims. So she really

1537
01:18:28,320 --> 01:18:31,240
Speaker 1: just checks every box all the way around. You've got

1538
01:18:31,320 --> 01:18:34,360
Speaker 1: already elected officials gone wild, ready for this new anything

1539
01:18:34,400 --> 01:18:37,679
Speaker 1: goes Supreme Court era. In fact, Texas Attorney General Ken

1540
01:18:37,720 --> 01:18:41,400
Speaker 1: Paxton he says he is prepared to enforce that state's

1541
01:18:41,680 --> 01:18:45,320
Speaker 1: sodomy laws, which ban same sex intimacy, should Scotis give

1542
01:18:45,400 --> 01:18:47,800
Speaker 1: him the green light. Can anyone tell me how the

1543
01:18:47,880 --> 01:18:51,840
Speaker 1: state literally policing your bedroom and regulating which sex acts

1544
01:18:51,840 --> 01:18:55,080
Speaker 1: you're allowed to perform? How does that poll now? Mister

1545
01:18:55,120 --> 01:18:57,679
Speaker 1: Paxton has also said he wants to levy a fine

1546
01:18:57,720 --> 01:19:00,519
Speaker 1: of one hundred thousand dollars on businesses each time that

1547
01:19:00,520 --> 01:19:04,200
Speaker 1: they help a woman cross state lines to obtain an abortion. Abortion,

1548
01:19:04,280 --> 01:19:07,720
Speaker 1: of course, is now illegal in Texas in all instances,

1549
01:19:07,760 --> 01:19:10,880
Speaker 1: nearly all instances from the moment of fertilization. The only

1550
01:19:10,960 --> 01:19:13,400
Speaker 1: exception is for the life of the mother and not

1551
01:19:13,439 --> 01:19:16,240
Speaker 1: content with leaving abortion extremism at the state level, of course,

1552
01:19:16,240 --> 01:19:19,280
Speaker 1: Former Vice President Mike Pence immediately jumped down after Rose

1553
01:19:19,320 --> 01:19:22,760
Speaker 1: overturned to declare his intention to fight for a nationwide

1554
01:19:22,920 --> 01:19:25,680
Speaker 1: coast to coast abortion ban, an effort that quite a

1555
01:19:25,760 --> 01:19:29,400
Speaker 1: number of Republican members are actually already behind. Lawmakers are

1556
01:19:29,400 --> 01:19:32,320
Speaker 1: also now being asked about just how outlandishly cruel their

1557
01:19:32,400 --> 01:19:34,879
Speaker 1: views on abortion actually are, and some of the answers

1558
01:19:34,920 --> 01:19:37,960
Speaker 1: are real doozies. The Speaker of the House in Mississippi,

1559
01:19:37,960 --> 01:19:41,360
Speaker 1: for example, believes that a twelve year old raped by

1560
01:19:41,439 --> 01:19:44,479
Speaker 1: their father or uncle should be forced to bear that

1561
01:19:44,600 --> 01:19:48,599
Speaker 1: rapist baby. Lest you think that is an outlandish example

1562
01:19:48,760 --> 01:19:51,240
Speaker 1: which could never happen in the real world. The horror

1563
01:19:51,360 --> 01:19:53,880
Speaker 1: stories are already starting to trickle in of women and

1564
01:19:53,920 --> 01:19:57,799
Speaker 1: girls denied basic humanity and dignity. As one such example,

1565
01:19:58,040 --> 01:20:01,559
Speaker 1: a ten year old who was raped impregnated was denied

1566
01:20:01,640 --> 01:20:04,839
Speaker 1: caret in Ohio because she had been pregnant three days

1567
01:20:04,880 --> 01:20:08,559
Speaker 1: longer than that state's six week abortion ban mandated. She

1568
01:20:08,680 --> 01:20:11,960
Speaker 1: fled to Indiana, where for now doctors can still perform

1569
01:20:12,040 --> 01:20:14,760
Speaker 1: the procedure. But someone should update the Republican member of

1570
01:20:14,760 --> 01:20:17,800
Speaker 1: Congress running to represent my Virginia district on this story.

1571
01:20:17,840 --> 01:20:19,840
Speaker 1: Because she was a little shaky on her understanding of

1572
01:20:19,840 --> 01:20:23,840
Speaker 1: whether rape could actually result in a pregnancy. Guys, this

1573
01:20:23,920 --> 01:20:26,320
Speaker 1: is not going to stop. There will be more horror.

1574
01:20:26,479 --> 01:20:29,040
Speaker 1: There will be more candidates saying completely wild things on

1575
01:20:29,080 --> 01:20:32,320
Speaker 1: abortion and on elections, more legislators using their power to

1576
01:20:32,360 --> 01:20:35,599
Speaker 1: back ideas that are significantly less popular than defund the police.

1577
01:20:35,920 --> 01:20:38,640
Speaker 1: And all politics is national, so it's going to be

1578
01:20:38,680 --> 01:20:41,639
Speaker 1: impossible for the Republicans trying to not go full crazy

1579
01:20:41,800 --> 01:20:44,880
Speaker 1: to wash themselves of the stench of all of the nutjobs.

1580
01:20:45,160 --> 01:20:47,559
Speaker 1: If Democrats hold on to the Senate, and there is

1581
01:20:47,600 --> 01:20:51,280
Speaker 1: actually a chance now that they could, this is going

1582
01:20:51,360 --> 01:20:55,000
Speaker 1: to be the reason. In general. Yes, voters are absolutely

1583
01:20:55,000 --> 01:20:57,560
Speaker 1: frustrated and disgusted with the state of the country, frustrated

1584
01:20:57,600 --> 01:20:59,840
Speaker 1: with Biden, but that does not mean they are ready

1585
01:20:59,840 --> 01:21:02,479
Speaker 1: to vote for lunatics who believe thousands of mules stow

1586
01:21:02,520 --> 01:21:05,200
Speaker 1: the election, demonic possession by sex is real, and that

1587
01:21:05,240 --> 01:21:08,960
Speaker 1: ten year old should be forced into childbirth. That could

1588
01:21:09,000 --> 01:21:11,639
Speaker 1: flip some suburban moderate swing voters, and it could convince

1589
01:21:11,640 --> 01:21:13,559
Speaker 1: some progressives you were just going to sit it out,

1590
01:21:13,760 --> 01:21:15,320
Speaker 1: that they had better suck it up and vote d

1591
01:21:15,479 --> 01:21:19,160
Speaker 1: once again. Dums are probably doomed, but the GOP is

1592
01:21:19,200 --> 01:21:21,679
Speaker 1: going all out, letting their freak flag fly to see

1593
01:21:21,680 --> 01:21:25,120
Speaker 1: if they can possibly snatch defeat from the jaws of victory.

1594
01:21:25,479 --> 01:21:27,880
Speaker 1: This is the only thing Democrats have going for them,

1595
01:21:27,960 --> 01:21:30,160
Speaker 1: is that Republicans And if you want to hear my

1596
01:21:30,320 --> 01:21:33,680
Speaker 1: reaction to Crystal's monologue, become a premium subscriber today at

1597
01:21:33,680 --> 01:21:39,040
Speaker 1: breakingpoints dot Com. Joining us now Rory Johnson. He's an

1598
01:21:39,160 --> 01:21:42,320
Speaker 1: energy analyst and he's the writer over at Commodity Context

1599
01:21:42,320 --> 01:21:44,879
Speaker 1: on Substack. I hope you guys go ahead and subscribe.

1600
01:21:44,960 --> 01:21:47,120
Speaker 1: Love a link down there in the description welcome back

1601
01:21:47,160 --> 01:21:49,680
Speaker 1: to the show, Rory. We really appreciate it. Thanksmuch for

1602
01:21:49,720 --> 01:21:52,080
Speaker 1: having me back on. Of course. Man, okay, so there's

1603
01:21:52,120 --> 01:21:55,040
Speaker 1: wild swings going on in oil. First it's down. Then

1604
01:21:55,080 --> 01:21:57,240
Speaker 1: people are saying you hit sixty five a barrel, as

1605
01:21:57,240 --> 01:21:58,840
Speaker 1: you were telling me right before you came on. Now

1606
01:21:58,920 --> 01:22:02,639
Speaker 1: the prices gone up. What is going on with oil? Rory?

1607
01:22:02,720 --> 01:22:04,799
Speaker 1: Why is it? Why are there all these crazy swings?

1608
01:22:04,800 --> 01:22:07,880
Speaker 1: This Wall Street is a supply break it down for us? Yeah,

1609
01:22:07,960 --> 01:22:09,439
Speaker 1: so I think you know. So, just to put in

1610
01:22:09,479 --> 01:22:11,479
Speaker 1: context for people that don't follow the market on a

1611
01:22:11,520 --> 01:22:14,760
Speaker 1: regular basis, the last month has been pretty terrible. For

1612
01:22:14,840 --> 01:22:17,840
Speaker 1: crude oil. It was as high on a WTI basis

1613
01:22:17,880 --> 01:22:20,280
Speaker 1: in early June it's one hundred and twenty bucks. Then

1614
01:22:20,320 --> 01:22:22,400
Speaker 1: it fell kind of a couple of different times, and

1615
01:22:22,439 --> 01:22:26,240
Speaker 1: then two days ago on Tuesday, it just completely collapsed,

1616
01:22:26,520 --> 01:22:30,920
Speaker 1: the third largest daily decline in the market's history. So

1617
01:22:30,960 --> 01:22:33,720
Speaker 1: we're in this extreme volatility moment. I think there's this

1618
01:22:33,800 --> 01:22:36,120
Speaker 1: open question is you know what's causing it? And I

1619
01:22:36,120 --> 01:22:39,400
Speaker 1: think it's a couple of things, but primarily the market is,

1620
01:22:39,840 --> 01:22:43,680
Speaker 1: you know, volatile because the fundamentals, frankly and our understanding

1621
01:22:43,760 --> 01:22:46,639
Speaker 1: and outlook for the fundamentals are very, very volatile. We're

1622
01:22:46,720 --> 01:22:51,679
Speaker 1: jumping between these kind of extremely you know, oversupplied moments

1623
01:22:51,760 --> 01:22:54,320
Speaker 1: in the early and early pandemic. Two. We've been in

1624
01:22:54,400 --> 01:22:58,880
Speaker 1: this chronic undersupply environment for about the past eighteen months

1625
01:22:59,000 --> 01:23:02,040
Speaker 1: or so, and inventories have come down at a record

1626
01:23:02,080 --> 01:23:04,280
Speaker 1: fast paced. So we're in a kind of a precarious

1627
01:23:04,360 --> 01:23:08,080
Speaker 1: environment overall. But that's that's you know, within the backdrop

1628
01:23:08,120 --> 01:23:11,160
Speaker 1: of this you know, overall recessionary risk. And at the

1629
01:23:11,240 --> 01:23:14,240
Speaker 1: end of the day, well oil is fundamentally a physical

1630
01:23:14,240 --> 01:23:16,599
Speaker 1: commodity that you know, you and I put in our

1631
01:23:16,800 --> 01:23:19,120
Speaker 1: put in our planes and our and our kind of

1632
01:23:19,160 --> 01:23:22,240
Speaker 1: cars and everything else. You know, it is also a

1633
01:23:22,280 --> 01:23:24,720
Speaker 1: financial asset. And what we're seeing right now is a

1634
01:23:24,720 --> 01:23:28,040
Speaker 1: lot of different actors trying to express those views, those

1635
01:23:28,080 --> 01:23:31,439
Speaker 1: macro views through oil. And you know, oil is getting

1636
01:23:31,479 --> 01:23:33,840
Speaker 1: kind of tossed round the process with a long you know,

1637
01:23:33,880 --> 01:23:36,280
Speaker 1: with the rest of the market. Yeah, so speak to

1638
01:23:36,320 --> 01:23:39,320
Speaker 1: that a little bit more, because I think there's a

1639
01:23:39,439 --> 01:23:42,080
Speaker 1: layman's understanding out there that you know, the price of

1640
01:23:42,080 --> 01:23:44,320
Speaker 1: a barrel of oil, it's the supply and the demand

1641
01:23:44,320 --> 01:23:46,160
Speaker 1: and where the two curves meet. That's what it is.

1642
01:23:46,240 --> 01:23:49,920
Speaker 1: But obviously that doesn't make sense when you have these

1643
01:23:50,200 --> 01:23:55,320
Speaker 1: wild swings, like the fundamentals can't shift minute to minute,

1644
01:23:55,400 --> 01:23:58,120
Speaker 1: and the basics of supply and demand can't shift like

1645
01:23:58,160 --> 01:24:02,320
Speaker 1: that minute to minute. So how much of these swings

1646
01:24:02,320 --> 01:24:06,560
Speaker 1: have to do with financial speculation? Break that down for

1647
01:24:06,760 --> 01:24:09,360
Speaker 1: us a little bit and also tell us whether you know,

1648
01:24:09,400 --> 01:24:11,519
Speaker 1: whether you think that it's a healthy thing for the

1649
01:24:11,560 --> 01:24:14,320
Speaker 1: market of this commodity that we all really depend on.

1650
01:24:14,920 --> 01:24:18,360
Speaker 1: That's it goes through these wild slings, swings based on

1651
01:24:18,439 --> 01:24:21,280
Speaker 1: that speculation. Okay, So I'm going to break this down

1652
01:24:21,320 --> 01:24:23,280
Speaker 1: to two different sections here because I think you know,

1653
01:24:23,400 --> 01:24:26,479
Speaker 1: on the one hand, we're certainly seeing what I'm going

1654
01:24:26,560 --> 01:24:29,040
Speaker 1: to call a flush out of speculative positions. You know,

1655
01:24:29,120 --> 01:24:31,360
Speaker 1: crew doesn't move more than ten dollars a bear in

1656
01:24:31,400 --> 01:24:34,360
Speaker 1: the day without some kind of you know, financial market

1657
01:24:34,439 --> 01:24:37,040
Speaker 1: positioning at play and people getting washed to those positions.

1658
01:24:37,160 --> 01:24:39,360
Speaker 1: So that's definitely we have seen that in particularly on

1659
01:24:39,400 --> 01:24:42,519
Speaker 1: the downsides, as people kind of you know, they're holding

1660
01:24:42,520 --> 01:24:45,400
Speaker 1: a crude position, you know, futures contracts or options down

1661
01:24:45,439 --> 01:24:49,040
Speaker 1: the curve and for whatever reason, you know, prices come

1662
01:24:49,040 --> 01:24:51,040
Speaker 1: down too quickly or this kind of there's this kind

1663
01:24:51,080 --> 01:24:54,679
Speaker 1: of broader recessionary macro fear, prices drop and then people

1664
01:24:54,720 --> 01:24:57,320
Speaker 1: all bail on mass. So that is happening. But at

1665
01:24:57,360 --> 01:25:00,000
Speaker 1: the same time, what's really interesting, and what's what's been

1666
01:25:00,320 --> 01:25:03,880
Speaker 1: occurring since Russia's invasion of Ukraine when prices have been

1667
01:25:03,920 --> 01:25:09,360
Speaker 1: extraordinarily volatile, we've been trapped in this extremely high volatility regime.

1668
01:25:10,680 --> 01:25:13,960
Speaker 1: We've actually seen speculative interest in crude fall through that

1669
01:25:14,080 --> 01:25:16,800
Speaker 1: entire period, So we actually have less speculators in the

1670
01:25:16,800 --> 01:25:19,280
Speaker 1: market than we normally do. But what I think is

1671
01:25:19,320 --> 01:25:21,960
Speaker 1: in you were saying, you know, fundamentals don't change that quickly,

1672
01:25:22,000 --> 01:25:24,000
Speaker 1: and I agree on a minute to minute basis, And

1673
01:25:24,080 --> 01:25:27,759
Speaker 1: you know, Tuesday's price action was obviously crazy and obviously

1674
01:25:27,800 --> 01:25:30,080
Speaker 1: kind of some kind of speculative flush out. But I

1675
01:25:30,120 --> 01:25:32,200
Speaker 1: do think over the past you know, three months since

1676
01:25:32,280 --> 01:25:36,240
Speaker 1: Russian invaded Ukraine, we have honestly been experiencing, you know,

1677
01:25:36,600 --> 01:25:40,599
Speaker 1: unprecedented changes day to day, headline to headline, even in

1678
01:25:40,680 --> 01:25:43,280
Speaker 1: our expectations of fundamentals. So I do think to a

1679
01:25:43,320 --> 01:25:47,760
Speaker 1: degree that some of the volatility has been fundamentally justified. Unfortunately,

1680
01:25:47,800 --> 01:25:50,280
Speaker 1: you know, we go between you know, you know, Russia

1681
01:25:50,360 --> 01:25:52,040
Speaker 1: is going to lose three million barrels a day of

1682
01:25:52,040 --> 01:25:54,439
Speaker 1: supply according to the IA, and then you know, later

1683
01:25:54,560 --> 01:25:57,400
Speaker 1: that day or later that week, you know, China locks down,

1684
01:25:57,560 --> 01:26:00,120
Speaker 1: you know, sixty percent of its economy. So we're I'm

1685
01:26:00,120 --> 01:26:02,519
Speaker 1: seeing you know, you know, normally, you know, I've been

1686
01:26:02,520 --> 01:26:05,280
Speaker 1: in the industry about a decade. Most of my time

1687
01:26:05,320 --> 01:26:08,040
Speaker 1: in the industry, we're talking about half a million barrels

1688
01:26:08,080 --> 01:26:10,840
Speaker 1: a day here, maybe a million barrels a day there.

1689
01:26:11,040 --> 01:26:13,360
Speaker 1: These are the kind of numbers we're talking about. This

1690
01:26:13,479 --> 01:26:17,839
Speaker 1: is kind of amplified by three or fourfold, you know, now,

1691
01:26:18,120 --> 01:26:20,599
Speaker 1: and each kind of change in a headline can mean

1692
01:26:20,680 --> 01:26:24,400
Speaker 1: a huge change to you know, your global supply demand balance.

1693
01:26:24,720 --> 01:26:27,720
Speaker 1: So I think we are in this extremely high volatility

1694
01:26:27,720 --> 01:26:31,439
Speaker 1: fundamental regime. But you know, as we're seeing, even if

1695
01:26:31,439 --> 01:26:34,400
Speaker 1: there isn't that much speculation, those speculators that do remain

1696
01:26:34,439 --> 01:26:36,760
Speaker 1: in the market can have you know, weak hands in

1697
01:26:36,800 --> 01:26:38,920
Speaker 1: moments like this when there are so many fears of

1698
01:26:38,960 --> 01:26:41,360
Speaker 1: recession and people just dump their positions and kind of

1699
01:26:41,360 --> 01:26:44,519
Speaker 1: walk away, particularly for many of these many of these

1700
01:26:44,560 --> 01:26:47,000
Speaker 1: funds that are involved, you know, it has actually been

1701
01:26:47,040 --> 01:26:50,719
Speaker 1: a relatively profitable trade, so they're taking money off the table. Okay,

1702
01:26:50,800 --> 01:26:53,800
Speaker 1: So Rory, in general, let's look forward. What are some

1703
01:26:53,880 --> 01:26:55,360
Speaker 1: of the things people should look to that are going

1704
01:26:55,439 --> 01:26:57,240
Speaker 1: to affect not just the price of oil, but the

1705
01:26:57,280 --> 01:26:59,600
Speaker 1: price at the pump. What are some major events? I

1706
01:26:59,640 --> 01:27:03,280
Speaker 1: know you guys are looking at supply issues on lear

1707
01:27:03,280 --> 01:27:07,599
Speaker 1: any major announcements or other policy maneuvers that could affect

1708
01:27:07,640 --> 01:27:10,280
Speaker 1: the global price. What do you think of that? Yeah,

1709
01:27:10,280 --> 01:27:13,040
Speaker 1: so I think, you know, breaking it again into two pieces.

1710
01:27:13,040 --> 01:27:15,240
Speaker 1: So we've had this crude oil crisis. We've also this

1711
01:27:15,400 --> 01:27:18,200
Speaker 1: refining crisis, and we've talked about this a lot, and

1712
01:27:18,360 --> 01:27:22,080
Speaker 1: the idea is, you know, there aren't enough refineries anymore.

1713
01:27:22,520 --> 01:27:27,000
Speaker 1: COVID kind of spiked retirements in old refineries and delayed

1714
01:27:27,160 --> 01:27:30,400
Speaker 1: the coming online of new refineries. So the crack spread

1715
01:27:30,520 --> 01:27:33,280
Speaker 1: or the refinery margin that you're paying, you know, at

1716
01:27:33,320 --> 01:27:36,240
Speaker 1: the pump is normally for a barrel of gas, you know,

1717
01:27:36,280 --> 01:27:38,639
Speaker 1: for you know, barrel of gasoline somewhere with fifteen twenty

1718
01:27:38,680 --> 01:27:41,479
Speaker 1: dollars a barrel. It's been trading over sixty dollars a barrel.

1719
01:27:41,720 --> 01:27:43,600
Speaker 1: So the first thing we hope to see over the

1720
01:27:43,640 --> 01:27:46,840
Speaker 1: course of this year is a normalization of those crack

1721
01:27:46,920 --> 01:27:50,680
Speaker 1: spreads and refining margins as more refineries come online that

1722
01:27:50,760 --> 01:27:53,439
Speaker 1: had been delayed by COVID. So that's the first thing

1723
01:27:53,479 --> 01:27:55,400
Speaker 1: I think that is mostly going to be a good

1724
01:27:55,520 --> 01:27:58,240
Speaker 1: positive story for consumers of the pump kind of over

1725
01:27:58,280 --> 01:28:00,519
Speaker 1: the coming six months. Even you know, over the last

1726
01:28:00,520 --> 01:28:03,080
Speaker 1: two days, we've already seen crack spreads come in about

1727
01:28:03,080 --> 01:28:05,840
Speaker 1: twenty five percent from their highs, which is a fantastic

1728
01:28:05,920 --> 01:28:09,000
Speaker 1: news both for consumers and for the Federal Reserve, which

1729
01:28:09,160 --> 01:28:11,479
Speaker 1: has been watching pump price is much more than usual

1730
01:28:11,680 --> 01:28:14,519
Speaker 1: because of this fear of an unanchoring of you know,

1731
01:28:14,560 --> 01:28:18,280
Speaker 1: an unmooring of inflation, expectations, but I do fear that

1732
01:28:18,320 --> 01:28:21,320
Speaker 1: the crude oil crisis is going to become worse again

1733
01:28:21,360 --> 01:28:23,960
Speaker 1: over time. And the reason for that is that, you know,

1734
01:28:23,960 --> 01:28:25,760
Speaker 1: by the end of the summer, OPEC is going to

1735
01:28:25,800 --> 01:28:29,479
Speaker 1: have returned all of the barrels that had planned to return.

1736
01:28:29,800 --> 01:28:31,720
Speaker 1: This is barrels that had still been held off the

1737
01:28:31,720 --> 01:28:35,120
Speaker 1: market from the initial early twenty twenty kind of emergency

1738
01:28:35,160 --> 01:28:37,960
Speaker 1: action that OPEC took to kind of save the oil market.

1739
01:28:38,600 --> 01:28:40,640
Speaker 1: So that's going to be coming to an end. The

1740
01:28:40,840 --> 01:28:43,320
Speaker 1: spr which has been you know, been pumping between a

1741
01:28:43,360 --> 01:28:44,960
Speaker 1: million and a million and a half barrels a day

1742
01:28:44,960 --> 01:28:47,559
Speaker 1: depending on how you count it over the past couple

1743
01:28:47,800 --> 01:28:49,360
Speaker 1: month or two, and is expected to do that for

1744
01:28:49,360 --> 01:28:51,320
Speaker 1: the rest of the summer. That will also come to

1745
01:28:51,320 --> 01:28:53,680
Speaker 1: an end. So that's kind of the equivalent of of

1746
01:28:54,000 --> 01:28:56,919
Speaker 1: you know, a small or even medium sized OPEC producer

1747
01:28:57,000 --> 01:28:59,840
Speaker 1: kind of falling out of the supply balance again. And

1748
01:29:00,080 --> 01:29:01,840
Speaker 1: then you know, and then all that together and I

1749
01:29:01,840 --> 01:29:03,559
Speaker 1: think that you know, we're still going to get demand

1750
01:29:03,640 --> 01:29:06,360
Speaker 1: that's going to continue to accelerate again absence some kind

1751
01:29:06,360 --> 01:29:10,760
Speaker 1: of truly deleterious reception or worse, and that's I think

1752
01:29:10,800 --> 01:29:14,280
Speaker 1: going to be particularly pronounced in China, where you know,

1753
01:29:14,439 --> 01:29:15,840
Speaker 1: most of this year, the beginning of the year, we

1754
01:29:15,840 --> 01:29:20,160
Speaker 1: actually have seen reasonably weak global supply demand balances because

1755
01:29:20,160 --> 01:29:23,719
Speaker 1: of these lockdown in China, and you know, crude oil

1756
01:29:23,800 --> 01:29:26,679
Speaker 1: inventories globally have kind of stayed still for a couple

1757
01:29:26,680 --> 01:29:29,360
Speaker 1: of months after following at their fastest pace on record.

1758
01:29:29,600 --> 01:29:32,920
Speaker 1: My expectation is as that demand normalizes from you know,

1759
01:29:33,160 --> 01:29:35,680
Speaker 1: you know, a rollback of you know, these kind of

1760
01:29:35,680 --> 01:29:38,640
Speaker 1: curtailment policies, but also as so that suppli starts to

1761
01:29:38,640 --> 01:29:40,760
Speaker 1: fall off, I think the crude oil balances are going

1762
01:29:40,800 --> 01:29:42,320
Speaker 1: to start tightening again. I think that's where you're going

1763
01:29:42,320 --> 01:29:44,760
Speaker 1: to see the action going forward, as kind of refining

1764
01:29:44,880 --> 01:29:47,040
Speaker 1: kind of uh, you know, salt, you know, sorts itself

1765
01:29:47,040 --> 01:29:49,320
Speaker 1: out and kind of moves to the background, got it.

1766
01:29:49,400 --> 01:29:51,000
Speaker 1: So bottom line, what do you think is going to

1767
01:29:51,040 --> 01:29:54,519
Speaker 1: happen with gas prices in the near term. I think

1768
01:29:54,520 --> 01:29:55,800
Speaker 1: they're going to fall, and I think that's going to

1769
01:29:55,840 --> 01:29:58,400
Speaker 1: be a very very positive thing going into driving season here.

1770
01:29:58,400 --> 01:30:00,879
Speaker 1: I think a recessionary fears are still hot. I obviously

1771
01:30:00,920 --> 01:30:03,360
Speaker 1: crude oil is much lower than has been and crackspreads

1772
01:30:03,400 --> 01:30:05,280
Speaker 1: as well, so I do think that there is some

1773
01:30:05,400 --> 01:30:07,639
Speaker 1: kind of relief in you know, over the next month

1774
01:30:07,720 --> 01:30:09,840
Speaker 1: or two for consumers at the pump. But then I

1775
01:30:09,880 --> 01:30:11,400
Speaker 1: think that things are going to you know, take a

1776
01:30:11,439 --> 01:30:13,600
Speaker 1: turn for the worse again in the fall, and I

1777
01:30:13,600 --> 01:30:16,479
Speaker 1: think prices are going to be getting rising again until

1778
01:30:16,520 --> 01:30:19,559
Speaker 1: we get more, particularly US supply growth, and I think

1779
01:30:19,560 --> 01:30:21,880
Speaker 1: that will be the main that is the only real

1780
01:30:21,960 --> 01:30:24,559
Speaker 1: kind of organic thing that's going to be able to

1781
01:30:24,560 --> 01:30:27,799
Speaker 1: bring the prices, crude prices down in any reasonable manner.

1782
01:30:28,080 --> 01:30:30,080
Speaker 1: Got it, gotch Well, we can always count on you

1783
01:30:30,120 --> 01:30:32,200
Speaker 1: to actually break it down for us. I as you know,

1784
01:30:32,280 --> 01:30:34,080
Speaker 1: I hit this guy up like every day and being

1785
01:30:34,080 --> 01:30:36,880
Speaker 1: like what is going on. I appreciate you telling the

1786
01:30:36,920 --> 01:30:40,439
Speaker 1: audience as well, Like we said, commodity context substack. It'll

1787
01:30:40,479 --> 01:30:42,439
Speaker 1: be down there in the description. And we appreciate you

1788
01:30:42,520 --> 01:30:45,280
Speaker 1: joining us. Thank you, thanks for trving me of course. Man,

1789
01:30:45,840 --> 01:30:47,760
Speaker 1: thank you guys so much for watching. We really appreciate it.

1790
01:30:47,880 --> 01:30:49,960
Speaker 1: We're really glad that the crystal is back. Reminder, we're

1791
01:30:49,960 --> 01:30:51,680
Speaker 1: coming on the live to our supposed to at the top.

1792
01:30:51,720 --> 01:30:53,760
Speaker 1: But whatever put it up, put the graphic. We're on

1793
01:30:53,800 --> 01:30:56,400
Speaker 1: the stream, you know, thinking about Morris Johnson that's er too,

1794
01:30:56,520 --> 01:30:59,760
Speaker 1: is anything about bored. September sixteenth, Atlanta, We're coming a

1795
01:31:00,000 --> 01:31:01,639
Speaker 1: cent We sold a lot of tickets. Let's just sell

1796
01:31:01,680 --> 01:31:03,919
Speaker 1: this thing out completely so we can show the industry

1797
01:31:03,920 --> 01:31:06,679
Speaker 1: that that's what we do over here. We're negotiating already

1798
01:31:06,680 --> 01:31:09,160
Speaker 1: with different venues across the country and so the tour

1799
01:31:09,280 --> 01:31:11,400
Speaker 1: will continue. But if you're in the Atlanta or Greater

1800
01:31:11,720 --> 01:31:15,680
Speaker 1: Atlanta slash Florida, et cetera, at Northern Florida, Alabama, all

1801
01:31:15,680 --> 01:31:17,040
Speaker 1: of that and you want to come see us, we

1802
01:31:17,040 --> 01:31:18,759
Speaker 1: would mean the world. We're gonna have a great show

1803
01:31:18,960 --> 01:31:20,519
Speaker 1: for all of you guys. It's something that we're going

1804
01:31:20,560 --> 01:31:22,960
Speaker 1: to record, and we're really planning in different ways that

1805
01:31:23,000 --> 01:31:25,000
Speaker 1: we can make it really fun, engaging, and I think

1806
01:31:25,000 --> 01:31:26,479
Speaker 1: it's gonna be a good time. So let's sell this

1807
01:31:26,520 --> 01:31:28,519
Speaker 1: thing out and then we'll take the tour across the

1808
01:31:28,520 --> 01:31:30,000
Speaker 1: country and it'll be a lot of fun for us.

1809
01:31:30,080 --> 01:31:32,439
Speaker 1: I actually I actually had a dream about this last night.

1810
01:31:32,600 --> 01:31:34,559
Speaker 1: I had a dream about the show. But it was

1811
01:31:34,600 --> 01:31:37,840
Speaker 1: one of those like stressful, almost like high school dreams,

1812
01:31:37,880 --> 01:31:39,759
Speaker 1: like we're about to do the show and we weren't prepared,

1813
01:31:39,760 --> 01:31:40,960
Speaker 1: and I was like, oh my god, what are we

1814
01:31:40,960 --> 01:31:44,360
Speaker 1: gonna do that's not gonna happen. We'll be ready for you, Yes,

1815
01:31:44,439 --> 01:31:47,360
Speaker 1: we'll be very very Have a great weekend, guys. We're

1816
01:31:47,360 --> 01:31:49,519
Speaker 1: gonna have good partner content and all that over the weekend,

1817
01:31:49,600 --> 01:31:50,760
Speaker 1: and we'll see you all later