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Speaker 1: Hey, guys, ready or not, twenty twenty four is here

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Speaker 1: and we here at Breaking Points, are already thinking of

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Speaker 1: ways we can up our game for this critical election.

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Speaker 1: are you waiting for? Become a premium subscriber today at

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Speaker 1: Breakingpoints dot com. Good morning everybody, Happy New Year, Welcome

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Speaker 1: to Breaking Points. We have an amazing show for everybody today.

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Speaker 1: What do we have Bristol? Indeed we do have your

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Speaker 1: New year, beautiful people out there. Is great to be

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Speaker 1: back and we will be back fully in the studio

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Speaker 1: next week, which we are very excited for. Okay, in

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Speaker 1: the show today, there's actually a lot happening in Washington today.

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Speaker 1: There's a big battle for Speaker of the House. Kevin

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Speaker 1: McCarthy has the most votes, but he doesn't have enough

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Speaker 1: votes and it is totally unclear. Like a lot of

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Speaker 1: times in Washington, there's suspense, but it's kind of faked

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Speaker 1: suspense this time, literally no one knows what is going

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Speaker 1: to happen, so we'll break all of that down for you.

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Speaker 1: We also have some updates on one of those new

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Speaker 1: members of Congress, George Santos. I've been sort of obsessed

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Speaker 1: with the story. This dude lied about literally everything in

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Speaker 1: his life. Now he is under a brand new investigation,

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Speaker 1: so we'll bring you those details. We also have, at

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Speaker 1: long last, after many years of anticipation and speculation, Trump

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Speaker 1: tax returns will tell you what's in there and the

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Speaker 1: way that the media has spun this, which is very

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Speaker 1: interesting as well. We've got big Epstein news and we

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Speaker 1: have a major fail from CNN that they started the

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Speaker 1: year with. I've also got a report from the Billionaire

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Speaker 1: and Boss Class Sager is taking a look at the

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Speaker 1: total debacle from Southwest Airlines and Mayor Pete's failures with

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Speaker 1: regards to that. But before we get to any of that,

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Speaker 1: Saga Live Show, Live Show, go ahead and put it

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Speaker 1: up there on the screen. Austin, Texas, February third, we

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Speaker 1: are coming to the Paramount Theater. The tickets are actually

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Speaker 1: almost sold out, so I highly recommend that you go

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Speaker 1: ahead and grab them. I was just in Austin for

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Speaker 1: New Years. I took a little drive by of the theater.

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Speaker 1: It's a stunningly beautiful venue. I met some of you

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Speaker 1: beautiful people as well in Austin, Texas, and I can

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Speaker 1: tell you, Crystal, we've got some awesome fans that are

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Speaker 1: on the ground there already. Many of them were mentioning

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Speaker 1: and talking about how excited they were for the live show.

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Speaker 1: So go ahead and join those people, Texas people and others.

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Speaker 1: Is just just going to be the last one for a

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Speaker 1: little while, and tickets are scarcely available now. Highly recommend

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Speaker 1: that you come. We have a great show planned for

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Speaker 1: you all. But with that, let's get to actually a

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Speaker 1: shocking development in Washington, some genuinely suspenseful and possibly history

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Speaker 1: making news. Yes indeed. Okay, So today there's expected to

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Speaker 1: be a vote on Speaker of the House and Kevin

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Speaker 1: McCarthy Republicans are taking control of the House. Kevin McCarthy

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Speaker 1: has long been seen as the leading candidate. He needs

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Speaker 1: two hundred and eighteen votes, and since Republicans only took

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Speaker 1: the House by a very slim margin, he can only

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Speaker 1: afford to lose four votes. So remember that four votes,

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Speaker 1: that's the number that he can lose. Fortunately for him,

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Speaker 1: there are five members of the Republican caucus who are

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Speaker 1: calling themselves never Kevin. They have vowed to never vote

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Speaker 1: for Kevin McCarthy. In so far they do not seem

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Speaker 1: to be budging. Let's go ahead and put this tear

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Speaker 1: sheet up on the screen from roll Call that breaks

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Speaker 1: all of this down. So the headline there it says

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Speaker 1: speaker race headed toward dramatic floor election. Here's the lead

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Speaker 1: that they wrote out here. They say, whether or not

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Speaker 1: Kevin McCarthy becomes speaker under the incoming House Republican majority,

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Speaker 1: the January third floor election to determine who will take

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Speaker 1: the gavel from Pelosi is poised to be the most

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Speaker 1: dramatic in a century. A small faction of never Kevin

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Speaker 1: Republicans is threatening to ensure McCarthy has denied the two

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Speaker 1: hundred and eighteen votes needed to win the speaker's election,

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Speaker 1: but a larger group of Republicans who have played to

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Speaker 1: vote for only Kevin are making clear they will not

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Speaker 1: support any other returning members of Congress for the role.

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Speaker 1: The two positions are seemingly irreconcilable, and members on both

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Speaker 1: sides of the standoff predict the speaker's election will require

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Speaker 1: multiple ballots for the first time since nineteen twenty three.

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Speaker 1: So you see the problem here. You've got Kevin McCarthy.

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Speaker 1: He's got a pretty hard group that says they will

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Speaker 1: only vote for him. But meanwhile you have this other

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Speaker 1: smaller contingent that says they will absolutely never vote for him.

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Speaker 1: There is no one as of this morning who has

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Speaker 1: the two hundred and eighteen votes needed, and so is

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Speaker 1: a It's very uncertain how this is ultimately all going

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Speaker 1: to unfold. You've actually had Sager a couple of moderate

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Speaker 1: Republicans who have said floated that they may be willing

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Speaker 1: to work with Democrats to get a kind of consensus

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Speaker 1: candidate to get to that two hundred and eighteen vote threshold.

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Speaker 1: One person who's been floated for that is Fred Upton,

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Speaker 1: who is a moderate Republican. He's actually he's out the

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Speaker 1: House after the session. Now, there's nothing in the law

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Speaker 1: that says that the Speaker of the House has to

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Speaker 1: be a sitting member of Congress. That's just the way

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Speaker 1: it's been traditionally done. So that's one potential alternative out there.

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Speaker 1: It's just a very up in the air right now

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Speaker 1: how it all goes. And the last thing I'll add

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Speaker 1: that I'm interested in your take is McCarthy has been

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Speaker 1: really trying to appease this group of five. Hard knows

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Speaker 1: there's a larger group. There's an additional nine who have

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Speaker 1: sent a letter saying that they're very concerned. The whipcount

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Speaker 1: this morning suggests that there may be about eighteen members

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Speaker 1: of the Republican Caucus who are right now no votes.

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Speaker 1: He's made some changes to the rules to try to

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Speaker 1: win over these folks, and so far it just hasn't

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Speaker 1: worked out. Yeah, it's absolutely fascinating. Le's go ahead and

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Speaker 1: put that one on the screen, the letter of the

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Speaker 1: so called nine. So what you can see here we

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Speaker 1: have Representative Scott Perry, Paul Gosar, Andy Agalis, Ana Paulina

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Speaker 1: Luna from Florida, Ali Crane, Chip Roy Dan, Bishop Andy Harris,

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Speaker 1: Andrew Clyde so On. The reason why those names are

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Speaker 1: important is they do generally run the gamut. I guess

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Speaker 1: the one thing that unites all of them as being

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Speaker 1: quote unquote anti establishment, but you can read that in

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Speaker 1: a lot of different ways. That can mean tea Party Republican.

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Speaker 1: That can also mean somebody who really just wants to

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Speaker 1: make the headlines. The reason why I think that this

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Speaker 1: is the most important is that the lack of certainty

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Speaker 1: opens up all kinds of insane and interesting possibilities. We

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Speaker 1: should remember the last time that the speakership was actually

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Speaker 1: in question was when John Bayner actually resigned the House.

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Speaker 1: Absolutely nobody predicted that it would be Paul Ryan, and

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Speaker 1: it was Paul Ryan. That shows us that out of

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Speaker 1: this could emerge somebody who really many Americans may not

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Speaker 1: have ever heard of. I guess Paul Ryan was a

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Speaker 1: little bit more well established. The fred Upton category is

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Speaker 1: very much in there. I believe it would be one

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Speaker 1: of the first or one of the only times in

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Speaker 1: American history that somebody who's not currently serving in the

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Speaker 1: House of Representatives would be the speaker. We should reiterate

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Speaker 1: that as well. I've heard previously calls from MAGA Republicans

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Speaker 1: to actually make Trump the Speaker of the House. That's

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Speaker 1: one way that they wanted to I mean, I guess

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Speaker 1: it would put him in the official line of succession

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Speaker 1: since he's a pride of It's citizen. Right now, I

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Speaker 1: want to underscore just for everyone that the chaos of

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Speaker 1: the situation, the very fast moving negotiations that are happening

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Speaker 1: mean that Kevin McCarthy very well could be the Speaker

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Speaker 1: of the House. In fact, probably, I don't know, he's

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Speaker 1: got the better spec I wouldn't say more likely, not,

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Speaker 1: he's got the best shot of any person who is

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Speaker 1: currently in the government right now. But as we have

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Speaker 1: all learned through and we really have to reach back

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Speaker 1: through very long ago in our history second, third, fourth, fifth, ten, twelfth,

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Speaker 1: and all of those types of ballots, things can go

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Speaker 1: in a crazy and very unexpected direction. It's a really

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Speaker 1: fun for me because this is showing us the crumbling

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Speaker 1: of the party infrastructure at the very top of the

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Speaker 1: Republican Party. People should not think that this is only

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Speaker 1: a MAGA like a MAGA revolt against Kevin McCarthy. This

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Speaker 1: is long standing, basically party crumbling at the top for

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Speaker 1: the GOP. And personally, I'm enjoying the chaos. Crystal, Yeah, same.

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Speaker 1: I mean, McCarthy was in line for the speakership before,

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Speaker 1: and he kind of blew himself up that time because

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Speaker 1: he admitted that the Benghazi hearings were just an attempt

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Speaker 1: at like political attack on Hillary Clinton, and so that

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Speaker 1: kind of sank his bid last time around. But I

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Speaker 1: think there's a sense from that seems fairly justifiable to

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Speaker 1: be that the dude doesn't really stand for anything. He's

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Speaker 1: just a climber. You can't really trust him, and so

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Speaker 1: that's why you see a fairly broad ideological array against him.

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Speaker 1: And then you also have the complicating factor of you know,

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Speaker 1: you have some of the hard maga folks in Congress

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Speaker 1: who are against McCarthy, but of course McCarthy himself was

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Speaker 1: actually endorsed by Trump. So that's led to this whole

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Speaker 1: falling out between Marjorie Taylor Green and Lauren Bobert and

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Speaker 1: Matt Gates being on the other side of Marjorie Taylor

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Speaker 1: Green and MTG really forcefully making the case for McCarthy.

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Speaker 1: So it's it has been a very interesting spectacle to

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Speaker 1: watch unfold, and the lines are not entirely clear or

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Speaker 1: consistent in the way that they've been drawn between these

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Speaker 1: two camps. You have some other names that have been

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Speaker 1: mentioned besides bred Upden, another person that was mentioned is

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Speaker 1: Steve Scalise as a potential you know, if McCarthy fails

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Speaker 1: and it looks like there's no way to get him

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Speaker 1: across the finish line, maybe they put Scalise up as

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Speaker 1: a potential consensus pick, but it's incredibly hard to say

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Speaker 1: what happens. The other question is how hard are these

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Speaker 1: never Kevin votes. Ultimately, are they just posturing so that

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Speaker 1: they can get more concessions out of the rule making process.

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Speaker 1: The thing that they really wanted was to make it

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Speaker 1: easier to basically depose the speaker if they were unhappy

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Speaker 1: with them. They've effectively already won that rule change, but

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Speaker 1: then there's questions over whether the rest of the caucus

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Speaker 1: will accept that rule change and vote for it, And

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Speaker 1: the rule change vote happens after the speaker vote, so

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Speaker 1: just a lot of uncertainty in this. There was a

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Speaker 1: good threat from one of the reporters at Politico's Playbook

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Speaker 1: laying out the difficulty of the math problem. And I

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Speaker 1: want to take the time to go through this because

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Speaker 1: I think it's a good explanation of exactly where things

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Speaker 1: stand for McCarthy right now. Let's go ahead and put

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Speaker 1: this up on the screen, so they say, here, News

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Speaker 1: and Playbook, McCarthy's math problem is actually worse than it seems.

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Speaker 1: It's not just the five hard known number Kevin earns

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Speaker 1: and nine fence sitters who pay the rule changes as

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Speaker 1: not good enough. One told me some undecideds won't support

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Speaker 1: him even if he gives them everything they ask. That's

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Speaker 1: a huge problem for McCarthy, something McCarthy allies have worried

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Speaker 1: about for weeks, that some of these members are not

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Speaker 1: really winnable because of the long held animosity they've had

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Speaker 1: for the GOP leader. He quote. They say, the problem

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Speaker 1: is people don't trust Kevin McCarthy and a number won't

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Speaker 1: vote for him. This undecided lawmaker told me the list

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Speaker 1: of demands that we offered was not for guaranteed support,

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Speaker 1: but rather the kinds of things that might move some

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Speaker 1: of his detractors out there. In the first part, you know,

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Speaker 1: they offer this list of demands, but they didn't even say, like,

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Speaker 1: if you give me these demands, if you can see,

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Speaker 1: then we're all going to vote for you. So that

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Speaker 1: puts them in a difficult position. Let's go ahead to

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Speaker 1: the next screen. They say, this is why McCarthy dodge

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Speaker 1: questions last night about whether it's concession on the motion

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Speaker 1: of vacate got them the votes. That's the motion that

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Speaker 1: would make it easier basically to depose the speaker. It

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Speaker 1: didn't even if he goes down to a one person trigger,

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Speaker 1: he may not get there if this well placed source

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Speaker 1: is right. Three other signs of problems for McCarthy. One,

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Speaker 1: the undecideds are already preparing to deflect blame to him

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Speaker 1: if he goes down. He'd like it to be our problem.

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Speaker 1: It's his problem. The real question should be why is

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Speaker 1: he dragging the country in the confer through this. Two

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Speaker 1: anti McCarthy members are already talking to GOP centrists about

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Speaker 1: a unity candidate. You have to be responsible and say, well,

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Speaker 1: if he's not going to get the votes, what alternatives

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Speaker 1: are out there? There's no agreement. Centris continue to be

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Speaker 1: McCarthy's strongest supporters, but the fact that convos between Conservatism

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Speaker 1: motterates are happening are notable. Three. A small subset of

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Speaker 1: Parthy backers are privately wary of this fight. He plans

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Speaker 1: to wait this week to get the gavel with multiple votes,

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Speaker 1: distancing from distracting from the GOP takeover. The more ballots

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Speaker 1: he calls up, the more he could lose his own

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Speaker 1: base of support. And the last quote they have here

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Speaker 1: is that we're supposed to be hitting the round running here,

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Speaker 1: but instead it's just a big belly fluff. Believe me,

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Speaker 1: it's not just members of the Freedom of Concress who

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Speaker 1: are aggravated, so t Saber. One of the key points

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Speaker 1: there is it's not you know, you have these different

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Speaker 1: ideological factions in the Republican Party, but they're not completely

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Speaker 1: at odds. And this is what's really dangerous for McCarthy.

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Speaker 1: If you have the hard right members in conversations with

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Speaker 1: the centrist members who are just interested in sort of

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Speaker 1: getting through this vote and getting someone as a consensus

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Speaker 1: pick in you know, up to two hundred and eighteen

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Speaker 1: votes to take the speaker's gavel. Well that's how you

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Speaker 1: could very clearly end up with someone other than Kevin McCarthy,

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Speaker 1: because you know, if you and unite those factions together

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Speaker 1: behind someone, then you end up in a completely different situation.

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Speaker 1: So hard to see how this is all going to

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Speaker 1: go down, But certainly, as of this morning, Kevin McCarthy

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Speaker 1: is not really particularly close to having the two uordter

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Speaker 1: in eighteen votes that he would need to actually become speaker. Yeah.

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Speaker 1: I really did not think it would come this close

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Speaker 1: down to the wire. I really believe that some of

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Speaker 1: those concessions from Kevin McCarthy on the rule changes and others.

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Speaker 1: We're really talking about the motion to vacate, the ability

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Speaker 1: to just bring legislation to the floor with is fifteen

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Speaker 1: or so members, which itself would be a huge blow

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Speaker 1: to McCarthy and would already stop his speakership or would

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Speaker 1: really humble his speakership. Now it doesn't even seem like

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Speaker 1: that's enough. I want to just underscore to everybody how

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Speaker 1: historical this is. If Kevin McCarthy fails on the first ballot,

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Speaker 1: it will be the first time since the Congress of

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Speaker 1: nineteen twenty three, in exactly one hundred years, that the

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Speaker 1: majority party has not had a nominee on the very

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Speaker 1: first ballot. Now, what happens here is that, all right now,

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Speaker 1: the math still can change. We should remember that given

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Speaker 1: absentees voting present, you don't necessarily need to hit two eighteen.

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Speaker 1: There have actually been a couple of instances six specifically,

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Speaker 1: where they have had speakers elected with less than two

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Speaker 1: hundred and eighteen voids votes, which is exactly a majority

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Speaker 1: plus one. There have actually been fourteen instances where it

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Speaker 1: took multiple ballots to choose a new speaker. Thirteen of

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Speaker 1: them were before the Civil War. So this would be

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Speaker 1: the first time in one hundred years that it would

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Speaker 1: take more than one ballot possibly to elect a new speaker.

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Speaker 1: It would be really the first one since the Civil

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Speaker 1: War post Civil War era, and the last time that

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Speaker 1: it took a long time in order to get a

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Speaker 1: speaker Crystal was eighteen fifty five over the course of

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Speaker 1: two months, with one hundred and thirty three ballots to

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Speaker 1: elect a speaker during that Congress. Oh my god, that's insane.

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Speaker 1: I didn't know about that. That's amazing. Well, last thing

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Speaker 1: I'll say here, guys is Hunter Points is going to

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Speaker 1: be moving to Wednesdays, so they're going to have a

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Speaker 1: show for you tomorrow to break all of this down.

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Speaker 1: Ryan knows way more about like congressional procedure and inside

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Speaker 1: baseball stuff and basically anyone, so he'll be able to

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Speaker 1: break all of us down really well. It'll be great

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Speaker 1: to have Emily's perspective also on these different ideological factions

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Speaker 1: and what they are saying and what they're thinking. She's

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Speaker 1: also very well sourced within the Republican Caucus, so definitely

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Speaker 1: check that out to see how this all ultimately unfolds.

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Speaker 1: We'll be watching it very closely. All right. So one

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Speaker 1: of these new members who is about to be sworn

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Speaker 1: in on the Republican side is a fellow by the

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Speaker 1: name at least we think this is his name of

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Speaker 1: George Santos. I have been sort of obsessed with the

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Speaker 1: story because I just find it fascinating the pathological nature

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Speaker 1: of this man and how he literally lied about seemingly

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Speaker 1: everything in his life. He's lied at different times about

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Speaker 1: his religion, about his race. He claimed he was black

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Speaker 1: on Twitter at one point to deflect criticism that he

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Speaker 1: might be racist. He lied about it how his mother died.

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Speaker 1: He lied about his grandparents being Holocaust survivors. He lied

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Speaker 1: about his education, He lied about his work history, lied

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Speaker 1: about his business history. He would make up random anecdotes, like,

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Speaker 1: for example, that he had employees who were murdered in

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Speaker 1: the Pulse nightclub shooting. So this man, every day there

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Speaker 1: seems to be more about just how much he fabricated

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Speaker 1: about his life and about his resume. Tulci Gabbard actually

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Speaker 1: had an interview with him. He went on Fox News.

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Speaker 1: I'm sure he probably thought, Okay, this is the place

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Speaker 1: where I'm going to get the best most softball. Hearing

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Speaker 1: I don't think he got what he really bargained for.

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Speaker 1: Take a listen to the way that she'd grilled him.

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Speaker 1: The reality is is that I remain committed to doing

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Speaker 1: everything I set forward in my campaign. I'm not a fraud.

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Speaker 1: I'm not a fake. I didn't materialize from thin air

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Speaker 1: if I were one of those in New York's third District.

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Speaker 1: Right now, now that the election is over and I'm

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Speaker 1: finding out all of these lies that you've told, not

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Speaker 1: just one little lie or one little embellishment, these are

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Speaker 1: blatant lies. My question is do you have no shame?

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Speaker 1: Do you have no shit? And the people who are

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Speaker 1: now you're asking to trust you to go and be

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Speaker 1: their voice for them, their families and their kids in Washington,

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Speaker 1: paulsy I can say the same thing about the Democrats

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Speaker 1: and the party. Look at Joe Biden. Joe Biden has

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Speaker 1: been lying to the American people for forty years. He's

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Speaker 1: a president of the United States. Democrats resoundedly support him.

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Speaker 1: Do they have no shame? This? This is not about

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Speaker 1: Democratic Party though, this is I think one of the

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Speaker 1: biggest concerns Congressman elect is that you don't really seem

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Speaker 1: to be taking this seriously, You've apologized, you said you've

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Speaker 1: made mistakes, but you've outright a lie is not an

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Speaker 1: embellishment on a resume. You said you worked at Goldman,

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Speaker 1: Sachs and City Group, but they've said, we've got no

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Speaker 1: record of this guy working for us. You've said you've

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Speaker 1: gone to and graduated from these universities, but they've said, well,

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Speaker 1: we've got no record of that. These are blatant lies,

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Speaker 1: and it calls into question how your constituents of the

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Speaker 1: American people can believe anything that you may say when

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Speaker 1: you are standing on the floor of the House of

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Speaker 1: Representatives supposedly fighting for them. That's the real issue here. Well, look,

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Speaker 1: and I agree with what you're saying. And as I stated,

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Speaker 1: and I continue, we can debate my resume and how

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Speaker 1: I worked with firms such as gold Is this debate

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Speaker 1: or is it just false? It is a debatable. No, No,

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Speaker 1: it's not false at all. It's it's debatable. I can

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Speaker 1: I can sit down and explain to you what you

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Speaker 1: can do in private equity in capitol intro via servicing

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Speaker 1: limited partners and general partners, and we can have this

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Speaker 1: discussion that's going to go way above the American people's head.

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Speaker 1: But that's not what I campaigned on. I campaigned on

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Speaker 1: delivering results for the American people by lowrianslation. I can

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Speaker 1: sit down and if you want to have that discussion,

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Speaker 1: I'd be glad to Tolcy to explain that to you

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Speaker 1: and make sure that we settled the score. So, I mean,

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Speaker 1: there's really no defense of just all of the fabrications

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Speaker 1: and some of the things that he said. I mean,

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Speaker 1: he did cop to like resume embellishment. Come on, dude,

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Speaker 1: you literally made up your entire life story that is

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Speaker 1: not resume embellishment. And then one of my favorite excuses

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Speaker 1: he gave Sager is he had claimed that he was

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Speaker 1: a proud Jewish American and it turns out he's not

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Speaker 1: Jewish at all, but he claimed he was, like, oh well,

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Speaker 1: I was just saying I was jew dash Ish, like

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Speaker 1: I'm down with the Jewish community or something like this.

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Speaker 1: So ridiculous. The latest live that came out is apparently

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Speaker 1: some teenager that he was in a relationship with. He

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Speaker 1: had just made up all kinds of stories to this

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Speaker 1: guy too. He actually told this dude that he had

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Speaker 1: bought him tickets to Hawaii. It turned out the tickets

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Speaker 1: were fake. I mean again, clearly this is someone who

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Speaker 1: has some sort of a pathological issue in terms of lyne.

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Speaker 1: And then the latest development this morning is that it's

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Speaker 1: not just US authorities who are now looking into this guy,

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Speaker 1: but there's an allegation, it appears to be confirmed by

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Speaker 1: the records, that he engaged in chech fraud in Brazil,

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Speaker 1: that he went into a clothing store bought some seven

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Speaker 1: hundred dollars worth of clothes using a stolen checkbook. And

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Speaker 1: let's go and put this piece up on the screen.

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Speaker 1: So Brazilian authorities say that they are now reviving that

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Speaker 1: fraud case against George Santos. This happened quite a while

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Speaker 1: I was back in two thousand and eight. What they

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Speaker 1: say here in the New York Times that they intend

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Speaker 1: to revive those fraud charges and are seeking his formal response.

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Speaker 1: They had sort of dropped them before because they just

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Speaker 1: couldn't find him, but now he's turned up, he's been located,

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Speaker 1: so they are going after him again for this the

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Speaker 1: next piece, let's go and put this next part up

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Speaker 1: on the screen. Here is the very latest in terms

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Speaker 1: of updates from this guy. Because it's kind of hard

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Speaker 1: to keep track of everything. There's now allegations that he

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Speaker 1: was selling access to his swearing in, which could be

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Speaker 1: an ethics violation. In the House, we had Jamie Comer,

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Speaker 1: a key Republican congressman, predicting that the House Ethics Committee

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Speaker 1: will in fact look into Santos and his conduct. You've

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Speaker 1: had people digging into his campaign finance reports, and he

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Speaker 1: spent tens of thousands of dollars on air travel, eleven

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Speaker 1: thousand dollars to rent a house that he claimed was

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Speaker 1: for staff, but neighbors say they saw Santos himself living there.

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Speaker 1: You also had his press secretary resign. You have a

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Speaker 1: Democratic congressman introducing what's called the Santos Act to make

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Speaker 1: it actually illegal to lie about your credentials when you

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Speaker 1: are running for office, and you have three new probes.

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Speaker 1: Put this last piece up on the screen, including and

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Speaker 1: this is probably the most significant part, federal prosecutors opening

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Speaker 1: an investigation into him over his campaign spending, because one

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Speaker 1: of the biggest questions is, you know, this guy went

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Speaker 1: from broke and getting kicked out of his apartments and claiming,

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Speaker 1: you know, fairly low level of income to personally contributing

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Speaker 1: seven hundred thousand dollars to his own campaign. His business

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Speaker 1: history has never added up. He's never really been able

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Speaker 1: to explain what he does or where he may have

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Speaker 1: come into so much money. So it sure looks like

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Speaker 1: there could be some campaign finance violations here. If you

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Speaker 1: had wealthy donors who effectively, you know, funneled him this

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Speaker 1: cash to put into his campaign, that would be wildly,

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Speaker 1: wildly illegal. And then just last thing, Soger, the way

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Speaker 1: this ties into the Speaker the Speaker fight today is

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Speaker 1: Santos is a yes for Kevin McCarthy. So McCarthy hasn't

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Speaker 1: wanted to say anything about him because he needs every

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Speaker 1: vote he can get at this point in order to

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Speaker 1: take the Speaker's gavel, and with a Republican majority so

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Speaker 1: incredibly slim, of course, everyone there is very interested in

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Speaker 1: holding onto every vote they possibly can, even if one

431
00:22:26,359 --> 00:22:28,840
Speaker 1: of those votes is someone who you know, you barely

432
00:22:28,880 --> 00:22:30,840
Speaker 1: know that he's telling you the truth about his own name.

433
00:22:31,359 --> 00:22:34,280
Speaker 1: Oh yeah, they need his vote and they needed bad. Look,

434
00:22:34,280 --> 00:22:37,639
Speaker 1: the Santos thing, that pivot was humiliating. Whenever he was

435
00:22:37,640 --> 00:22:41,080
Speaker 1: talking about Joe Biden and the Democrats. It's like you

436
00:22:41,480 --> 00:22:45,040
Speaker 1: have literally lied about almost every single thing that you

437
00:22:45,119 --> 00:22:48,159
Speaker 1: have said whenever you ran for public office. And the

438
00:22:48,200 --> 00:22:50,720
Speaker 1: insane part is that there's really nothing they can do

439
00:22:50,800 --> 00:22:54,879
Speaker 1: about it. Right now, his sign has actually been held

440
00:22:54,960 --> 00:22:58,040
Speaker 1: up in the House of Representatives. They've installed the placard

441
00:22:58,320 --> 00:23:01,399
Speaker 1: outside of his office. He will will be the congressman

442
00:23:01,480 --> 00:23:05,880
Speaker 1: from New York of this district, which is insane when

443
00:23:05,920 --> 00:23:10,359
Speaker 1: you think about it, especially just the level of the

444
00:23:10,440 --> 00:23:14,240
Speaker 1: really just the level of narcissism. But what's also really

445
00:23:14,680 --> 00:23:18,600
Speaker 1: we're discovering is that it very likely could have been

446
00:23:18,720 --> 00:23:22,600
Speaker 1: paved with some serious either campaign finance or straight up

447
00:23:22,680 --> 00:23:25,640
Speaker 1: just illegal activities. The number one question is where did

448
00:23:25,640 --> 00:23:28,159
Speaker 1: this man get all of his money? Whose money is it.

449
00:23:28,840 --> 00:23:32,480
Speaker 1: He's apparently has a net worth of several million dollars

450
00:23:32,600 --> 00:23:35,600
Speaker 1: or at least connections to wealthy donors that are there.

451
00:23:35,640 --> 00:23:37,800
Speaker 1: And the unraveling of this I think will be one

452
00:23:37,840 --> 00:23:41,720
Speaker 1: of the really just the great stories in modern American politics,

453
00:23:41,760 --> 00:23:44,520
Speaker 1: because this is just this is like the fire festival

454
00:23:44,880 --> 00:23:48,280
Speaker 1: of Congressman. There's just he really reminds me of him.

455
00:23:48,280 --> 00:23:49,680
Speaker 1: I don't know, you know, if you ever watched those

456
00:23:49,720 --> 00:23:51,760
Speaker 1: interviews with I forget his name, Billy, he just got

457
00:23:51,760 --> 00:23:54,680
Speaker 1: out of prison. I've always been fascinated with those kind

458
00:23:54,720 --> 00:23:58,080
Speaker 1: of pathological liar type, the tender swindler. I mean, you know,

459
00:23:58,119 --> 00:24:00,840
Speaker 1: what he was pulling with that guy in terms of

460
00:24:01,040 --> 00:24:03,440
Speaker 1: one of the guys he was maybe dating, who knows,

461
00:24:03,600 --> 00:24:06,000
Speaker 1: in terms of his own sexual orientation, but in terms

462
00:24:06,040 --> 00:24:08,280
Speaker 1: of whatever he was pulling, it is just a complete

463
00:24:08,520 --> 00:24:11,200
Speaker 1: pathology of you know, every once in a while, these

464
00:24:11,200 --> 00:24:13,159
Speaker 1: people do exist. And the really crazy part is not

465
00:24:13,160 --> 00:24:15,879
Speaker 1: that only exists, but they succeed in our society. So

466
00:24:15,880 --> 00:24:17,960
Speaker 1: I don't even know what that says about us. Yeah,

467
00:24:18,040 --> 00:24:21,399
Speaker 1: And the reason why Sager is questioning whether even you know,

468
00:24:21,480 --> 00:24:23,760
Speaker 1: the way he portrayed his sexuality is accurate is because

469
00:24:23,800 --> 00:24:27,440
Speaker 1: he apparently had a seven year secret marriage to a

470
00:24:27,480 --> 00:24:31,520
Speaker 1: woman he appears to at least be by. Because there

471
00:24:31,520 --> 00:24:33,360
Speaker 1: are you know, men who come out or at least

472
00:24:33,400 --> 00:24:34,919
Speaker 1: one man who's come out now and said he had

473
00:24:34,960 --> 00:24:37,760
Speaker 1: a romantic relationship with him. I don't I mean, I

474
00:24:37,840 --> 00:24:40,480
Speaker 1: just don't know at this point. But the other piece

475
00:24:40,520 --> 00:24:43,439
Speaker 1: of it that's really fascinating to me is, you know,

476
00:24:43,520 --> 00:24:47,760
Speaker 1: Santos just told everyone exactly what they wanted to hear.

477
00:24:48,359 --> 00:24:52,639
Speaker 1: So he portrayed himself in his congressional campaign as this,

478
00:24:52,760 --> 00:24:55,879
Speaker 1: you know, trail blazing. He said, he is the American

479
00:24:56,000 --> 00:25:00,320
Speaker 1: Dream and you know, really push forward this idea entity

480
00:25:00,600 --> 00:25:03,160
Speaker 1: that would be inspiring to people and maybe win over

481
00:25:03,200 --> 00:25:05,520
Speaker 1: some liberal voters because this was a swing district. He

482
00:25:05,640 --> 00:25:08,840
Speaker 1: was not really actually expected to win in this New

483
00:25:08,920 --> 00:25:11,800
Speaker 1: York district mostly Long Island and part of Queens And

484
00:25:11,880 --> 00:25:14,879
Speaker 1: so he, I'm sure, told wealthy donors what they wanted

485
00:25:14,880 --> 00:25:18,160
Speaker 1: to hear. He told the Republican Jewish Coalition what they

486
00:25:18,200 --> 00:25:20,920
Speaker 1: wanted to hear. He told people on Twitter what they

487
00:25:20,920 --> 00:25:23,800
Speaker 1: wanted to hear, what was convenient for them. And so

488
00:25:23,880 --> 00:25:26,919
Speaker 1: I also think in a way it's a sort of

489
00:25:26,920 --> 00:25:33,480
Speaker 1: profound indictment of identity and personality driven politics, because you

490
00:25:33,520 --> 00:25:38,160
Speaker 1: shouldn't be able to get away with winning congressional office

491
00:25:38,400 --> 00:25:42,399
Speaker 1: just based on your own personal bio and narrative. It

492
00:25:42,400 --> 00:25:45,160
Speaker 1: should be about what you're going to do and what

493
00:25:45,200 --> 00:25:48,520
Speaker 1: you believe in and what you ultimately stand for. And

494
00:25:48,600 --> 00:25:50,840
Speaker 1: he sort of figured out that, no, the thing that

495
00:25:50,880 --> 00:25:53,720
Speaker 1: really matters is that I have the right story to tell,

496
00:25:54,240 --> 00:25:56,479
Speaker 1: and that you know, he probably lied to some donors

497
00:25:56,520 --> 00:25:58,280
Speaker 1: to get him the funnel on these hundreds of thousand

498
00:25:58,359 --> 00:26:00,720
Speaker 1: dollars of dollars as well to to get him across

499
00:26:00,760 --> 00:26:03,480
Speaker 1: the finish line. So you know, I'm fascinated him and

500
00:26:03,520 --> 00:26:06,880
Speaker 1: his psychological profile. I personally feel guilty when I even,

501
00:26:06,920 --> 00:26:08,640
Speaker 1: like get something a little bit wrong on the show

502
00:26:08,720 --> 00:26:11,880
Speaker 1: or whatever. So to imagine crafting this whole inventive life

503
00:26:11,880 --> 00:26:16,200
Speaker 1: story is just beyond my capability to imagine being able

504
00:26:16,240 --> 00:26:18,399
Speaker 1: to do that. But then I also think there's like

505
00:26:18,400 --> 00:26:22,240
Speaker 1: an indictment of our mode of politics here as well,

506
00:26:22,240 --> 00:26:24,960
Speaker 1: that this dude was able to slip through and win

507
00:26:25,080 --> 00:26:28,800
Speaker 1: enough votes to become a member of Congress. Oh. Absolutely, yeah,

508
00:26:28,840 --> 00:26:31,240
Speaker 1: that's the main metastora to me. I'm like, the fact

509
00:26:31,320 --> 00:26:33,920
Speaker 1: is that he fooled everybody and it really just wasn't

510
00:26:33,920 --> 00:26:36,520
Speaker 1: that hard. He's one of the most transparent frads you know,

511
00:26:36,680 --> 00:26:39,520
Speaker 1: in modern history, especially given the fact that the Democratic

512
00:26:39,520 --> 00:26:42,679
Speaker 1: Party apparently didn't even do any basic opposition research and

513
00:26:42,720 --> 00:26:44,560
Speaker 1: even the Republican Party. Mean, when you want to run

514
00:26:44,600 --> 00:26:48,040
Speaker 1: a background check on somebody after they've secured the primary,

515
00:26:48,080 --> 00:26:50,760
Speaker 1: it was one of the a you know, some sort

516
00:26:50,760 --> 00:26:54,800
Speaker 1: of drunk private investigator could have easily uncovered this in

517
00:26:55,160 --> 00:26:57,960
Speaker 1: a matter of hours, and yet you know, it took

518
00:26:58,040 --> 00:27:01,040
Speaker 1: all the way until he officially won, and now he's

519
00:27:01,080 --> 00:27:03,480
Speaker 1: going to be a congressman in the House. I guess,

520
00:27:03,520 --> 00:27:07,400
Speaker 1: you know, crazy stuff has happened. It's the people's House. Apparently,

521
00:27:07,800 --> 00:27:11,720
Speaker 1: there were some Republicans who before the election had made

522
00:27:11,760 --> 00:27:14,240
Speaker 1: some comments like they didn't want to touch this guy

523
00:27:14,280 --> 00:27:18,320
Speaker 1: with a ten foot poll, that they had some real

524
00:27:18,400 --> 00:27:21,200
Speaker 1: questions about the way he was portraying his business background,

525
00:27:21,600 --> 00:27:23,919
Speaker 1: but they just didn't sort of like dig really deeply

526
00:27:24,040 --> 00:27:28,640
Speaker 1: because again, they didn't really expect him to win, and also, frankly,

527
00:27:28,640 --> 00:27:30,919
Speaker 1: they didn't really care if he did win, then they

528
00:27:30,960 --> 00:27:32,959
Speaker 1: get his vote, and that was you know, what they

529
00:27:33,000 --> 00:27:37,040
Speaker 1: were ultimately post interested in. So they certainly weren't interested

530
00:27:37,080 --> 00:27:40,399
Speaker 1: in blowing the lid off this guy. And then the

531
00:27:40,440 --> 00:27:45,879
Speaker 1: Democrats the d tric You'll Love this their briefing book,

532
00:27:45,920 --> 00:27:49,160
Speaker 1: they did do opposition research on him, and the thing

533
00:27:49,320 --> 00:27:52,159
Speaker 1: that their briefing book really pointed out and that the

534
00:27:52,200 --> 00:27:54,879
Speaker 1: Democratic cannot really ran on with some like comedy made

535
00:27:54,880 --> 00:27:58,639
Speaker 1: about January sixth, So that's what they leaned into something

536
00:27:58,680 --> 00:28:00,720
Speaker 1: he said about January sixth. They just went with the

537
00:28:00,840 --> 00:28:05,320
Speaker 1: like January sixth was bad line of attack and just

538
00:28:05,440 --> 00:28:08,960
Speaker 1: completely missed the fact that everything about this man was

539
00:28:09,000 --> 00:28:11,680
Speaker 1: a total and complete lie, and like a simple Google

540
00:28:11,720 --> 00:28:15,960
Speaker 1: search or a single phone call could have revealed that

541
00:28:16,040 --> 00:28:18,719
Speaker 1: he was an utter and complete fraud. So just an

542
00:28:18,760 --> 00:28:24,800
Speaker 1: amazing story. It actually fits well with our next segment

543
00:28:24,840 --> 00:28:29,240
Speaker 1: here about Trump taxes, about who exactly Donald Trump is,

544
00:28:29,280 --> 00:28:31,320
Speaker 1: how did he make his money? What exactly do his

545
00:28:31,359 --> 00:28:35,120
Speaker 1: tax returns show us? There are two kind of attack vectors. One,

546
00:28:35,200 --> 00:28:37,679
Speaker 1: which I think was totally legitimate, was Trump, by his

547
00:28:37,720 --> 00:28:40,840
Speaker 1: own admission, gained the tax code to effectively pay very

548
00:28:40,840 --> 00:28:44,360
Speaker 1: little in taxes despite having a multi billion dollar net worth.

549
00:28:44,600 --> 00:28:48,360
Speaker 1: Two was one which really became the main vector of

550
00:28:48,400 --> 00:28:51,560
Speaker 1: attack twenty seventeen onwards that one of the reasons that

551
00:28:51,600 --> 00:28:54,720
Speaker 1: Trump was hiding his tax returns was because it showed

552
00:28:54,760 --> 00:28:58,280
Speaker 1: some purported connection to the Russian government. So we'll play

553
00:28:58,320 --> 00:29:00,360
Speaker 1: you the first one, which shows you that Trump very

554
00:29:00,360 --> 00:29:04,760
Speaker 1: clearly lied to the American people during the presidential debate,

555
00:29:04,960 --> 00:29:06,800
Speaker 1: and then the second one, which shows you that the

556
00:29:06,960 --> 00:29:10,200
Speaker 1: media obviously lied. Let's start with the first one. I

557
00:29:10,240 --> 00:29:12,960
Speaker 1: know that you pay a lot of other taxes, but

558
00:29:13,000 --> 00:29:15,520
Speaker 1: I'm asking you the specific question, is it true that

559
00:29:15,560 --> 00:29:19,640
Speaker 1: you paid seven hundred and fifty dollars in federal income taxes.

560
00:29:20,080 --> 00:29:22,880
Speaker 1: Each of those two years, I paid millions of dollars

561
00:29:22,920 --> 00:29:26,800
Speaker 1: in taxes, millions of dollars of income tax And let

562
00:29:26,880 --> 00:29:28,880
Speaker 1: me just tell you, there was a story in one

563
00:29:28,920 --> 00:29:32,080
Speaker 1: of the papers that I paid thirty eight million dollars.

564
00:29:32,280 --> 00:29:36,680
Speaker 1: One year, I paid twenty seven million tax terms. I went.

565
00:29:37,480 --> 00:29:39,560
Speaker 1: You'll see it as soon as it's finished. You'll see it,

566
00:29:39,640 --> 00:29:41,240
Speaker 1: you know, if you want to do. Go to the

567
00:29:41,280 --> 00:29:44,080
Speaker 1: Board of Elections. There's one hundred and eighteen page or

568
00:29:44,080 --> 00:29:47,680
Speaker 1: so report that says everything I have, every bank I have,

569
00:29:47,840 --> 00:29:51,360
Speaker 1: I'm totally under leveraged because the assets are extremely good,

570
00:29:51,800 --> 00:29:54,720
Speaker 1: and we have a very I built our I'm answering

571
00:29:54,760 --> 00:29:57,200
Speaker 1: you a specific question, which, let me tell you, I

572
00:29:57,280 --> 00:30:01,120
Speaker 1: understand all of that. I understand all No, mister President,

573
00:30:01,440 --> 00:30:04,480
Speaker 1: I'm asking you a question. Will you tell us how

574
00:30:04,600 --> 00:30:08,760
Speaker 1: much you paid in federal income taxes in twenty sixteen

575
00:30:08,840 --> 00:30:12,080
Speaker 1: and twenty seven millions of dollars? You paid millions of

576
00:30:12,120 --> 00:30:15,040
Speaker 1: dollars of dollars, seven millions of dollars, and you'll get

577
00:30:15,040 --> 00:30:17,640
Speaker 1: to see it. Well, Crystal, it turns out actually he

578
00:30:17,680 --> 00:30:21,200
Speaker 1: only paid seven hundred and fifty dollars that year, just

579
00:30:21,240 --> 00:30:23,960
Speaker 1: a little bit of a shocker. Also, it does show

580
00:30:24,040 --> 00:30:26,520
Speaker 1: us very clearly, and I want to make this much

581
00:30:26,560 --> 00:30:29,560
Speaker 1: less about Trump and his lying. This is how the

582
00:30:29,600 --> 00:30:33,360
Speaker 1: tax code is written for the super rich. That means

583
00:30:33,600 --> 00:30:36,960
Speaker 1: that you're, like average working class person in payroll taxes,

584
00:30:37,320 --> 00:30:40,400
Speaker 1: is paying more than many of the people who are

585
00:30:40,480 --> 00:30:44,120
Speaker 1: on the Forbes four hundred list. Let that sink in.

586
00:30:44,240 --> 00:30:47,080
Speaker 1: So I think it's a much more of a meta commentary,

587
00:30:47,080 --> 00:30:49,120
Speaker 1: and it is hilarious because now that we do have

588
00:30:49,160 --> 00:30:51,200
Speaker 1: his tax returns, we can see clearly that he did

589
00:30:51,400 --> 00:30:54,400
Speaker 1: lie about that. And actually the major medgastory of the

590
00:30:54,680 --> 00:30:57,000
Speaker 1: tax returns from Donald Trump is that these people in

591
00:30:57,040 --> 00:30:59,840
Speaker 1: the real estate business are pulling all kinds of insane

592
00:31:00,040 --> 00:31:03,520
Speaker 1: shenanigan's which he also enabled for himself in the Tax

593
00:31:03,560 --> 00:31:06,200
Speaker 1: Cuts and Jobs Act, that enable them to just ride

594
00:31:06,240 --> 00:31:10,360
Speaker 1: off outrageous sums of money. Put twenty twenty aside, because

595
00:31:10,400 --> 00:31:14,760
Speaker 1: that showed genuine losses at the Trump organization. Makes sense.

596
00:31:14,880 --> 00:31:19,280
Speaker 1: During hotels in normal boom years, which of his own admission,

597
00:31:19,520 --> 00:31:23,400
Speaker 1: the economy was doing well, he was not paying even

598
00:31:23,520 --> 00:31:26,480
Speaker 1: close to the amount that the average American citizen pays

599
00:31:26,720 --> 00:31:30,040
Speaker 1: in income taxes or in taxes in general. To the government.

600
00:31:30,440 --> 00:31:34,680
Speaker 1: It's absolutely disgusting that you can get away with as

601
00:31:34,920 --> 00:31:38,520
Speaker 1: wealthy of a person as he is, paying seven hundred

602
00:31:38,520 --> 00:31:42,760
Speaker 1: and fifty dollars or paying zero dollars in certain tax years,

603
00:31:42,840 --> 00:31:46,320
Speaker 1: or even like less than a million dollars, considering how

604
00:31:46,400 --> 00:31:51,120
Speaker 1: much he supposedly is earning and how wealthy he supposedly is.

605
00:31:52,360 --> 00:31:54,720
Speaker 1: You know, it's very hard to tell because there are

606
00:31:54,800 --> 00:31:57,880
Speaker 1: so many loopholes in so many ways that you can

607
00:31:58,000 --> 00:32:01,240
Speaker 1: engineer your income if you're as a wealthy as he is,

608
00:32:01,640 --> 00:32:04,080
Speaker 1: to make it a peer as if you're taking losses,

609
00:32:04,200 --> 00:32:06,160
Speaker 1: or make it a peer as if you're not earning

610
00:32:06,240 --> 00:32:09,000
Speaker 1: much in a given year. It's very hard to tell

611
00:32:09,080 --> 00:32:13,320
Speaker 1: ultimately how successful his businesses were during this period, how

612
00:32:13,400 --> 00:32:16,440
Speaker 1: much he really made, did he really lose money, all

613
00:32:16,480 --> 00:32:19,040
Speaker 1: of those things. One analyst that I read said that,

614
00:32:19,320 --> 00:32:23,600
Speaker 1: you know, his taxes are extraordinarily complicated. He has this

615
00:32:23,720 --> 00:32:28,640
Speaker 1: whole complex web of you know, companies and offshore entities

616
00:32:28,840 --> 00:32:33,200
Speaker 1: and all of these tax planning devices. And this analyst said,

617
00:32:33,320 --> 00:32:36,920
Speaker 1: it's very hard to tell whether or not he was

618
00:32:37,040 --> 00:32:40,520
Speaker 1: a poor businessman or whether he's basically like you know,

619
00:32:40,720 --> 00:32:44,600
Speaker 1: conning the tax code. Because each of these entities would

620
00:32:44,600 --> 00:32:47,400
Speaker 1: make a very small profit, and it was sort of

621
00:32:47,520 --> 00:32:53,760
Speaker 1: precisely calculated so that you would pay the minimal of taxes.

622
00:32:53,800 --> 00:32:57,040
Speaker 1: So there's certainly some red flags here in terms of

623
00:32:57,080 --> 00:33:01,880
Speaker 1: potential tax fraud, but nothing that is definitive. And this

624
00:33:01,920 --> 00:33:05,160
Speaker 1: gets to your other metapoint about the tax code and

625
00:33:05,400 --> 00:33:07,719
Speaker 1: about the problem with the IRS that we've been covering

626
00:33:07,720 --> 00:33:10,840
Speaker 1: for quite a while. They are much more likely to

627
00:33:11,000 --> 00:33:15,640
Speaker 1: go after, you know, a waitress who is not recording

628
00:33:15,720 --> 00:33:20,040
Speaker 1: all of her cash tips for audit then someone like

629
00:33:20,080 --> 00:33:24,480
Speaker 1: Donald Trump who creates this entire complex web of entities

630
00:33:24,560 --> 00:33:28,640
Speaker 1: in order to minimize their tax burden, because that requires

631
00:33:28,880 --> 00:33:33,080
Speaker 1: so much more resources, because they have so many you know,

632
00:33:33,240 --> 00:33:36,280
Speaker 1: well paid lawyers behind them to fight you tooth and nail,

633
00:33:36,760 --> 00:33:39,920
Speaker 1: and so ultimately the IRS, which has been stripped of

634
00:33:39,920 --> 00:33:42,480
Speaker 1: funding time and time again over the years and is

635
00:33:42,520 --> 00:33:46,800
Speaker 1: operating at bare bones. Instead of going after the wealthy,

636
00:33:47,080 --> 00:33:51,280
Speaker 1: they go after the you know, lower paid, working class

637
00:33:51,400 --> 00:33:54,960
Speaker 1: person because it's the lowest hanging fruit. And then, as

638
00:33:55,000 --> 00:33:57,040
Speaker 1: you point out to sober Like, just the fact that

639
00:33:57,080 --> 00:34:00,479
Speaker 1: the tax code even enables this type of behavior is

640
00:34:00,840 --> 00:34:04,480
Speaker 1: utterly disgusting. And Donald Trump is far from the only

641
00:34:05,160 --> 00:34:09,720
Speaker 1: plutocrat who engages in these types of very questionable tax

642
00:34:09,760 --> 00:34:13,880
Speaker 1: planning behaviors. Yes, and that is the point that the

643
00:34:13,920 --> 00:34:16,800
Speaker 1: Democrats probably should have been talking about for the last

644
00:34:16,840 --> 00:34:20,879
Speaker 1: five years. Instead, this is what people on MSNBC were

645
00:34:20,880 --> 00:34:24,360
Speaker 1: hearing during the Trump years about Trump's taxes. This single

646
00:34:24,480 --> 00:34:28,640
Speaker 1: source close to Dolgiamac has told me that the Trump

647
00:34:28,800 --> 00:34:34,000
Speaker 1: Donald Trump's loan documents there show that he has co signers,

648
00:34:34,440 --> 00:34:38,120
Speaker 1: that's how he was able to obtain those loans, and

649
00:34:38,200 --> 00:34:46,240
Speaker 1: that the co signers are Russian oligarchs. But really, really,

650
00:34:46,960 --> 00:34:50,359
Speaker 1: actually no, it turns out that's actually not true at all.

651
00:34:50,840 --> 00:34:53,760
Speaker 1: We have just now gotten all of the Trump tax returns.

652
00:34:54,000 --> 00:34:56,920
Speaker 1: Now the House Financial Services Committee wais and means and

653
00:34:57,000 --> 00:35:00,000
Speaker 1: all theirs have their information. Actually, you know, somebody said

654
00:35:00,160 --> 00:35:02,640
Speaker 1: this Crystal, that this is going to start a precedent

655
00:35:02,800 --> 00:35:06,160
Speaker 1: where Congress will have access to the tax returns going

656
00:35:06,200 --> 00:35:08,800
Speaker 1: back all the way for every precedent, And I was like, great,

657
00:35:09,080 --> 00:35:13,000
Speaker 1: that's awesome. You know, if the president doesn't want, let

658
00:35:13,040 --> 00:35:15,800
Speaker 1: Congress release it, I don't care. That should be public

659
00:35:15,840 --> 00:35:18,399
Speaker 1: record for everybody. In fact, they really should just pass

660
00:35:18,440 --> 00:35:20,439
Speaker 1: a law that you have to basically disclose. I would

661
00:35:20,440 --> 00:35:22,040
Speaker 1: say not even five years. I would say over the

662
00:35:22,080 --> 00:35:25,640
Speaker 1: last twenty years before you become president, specifically to make

663
00:35:25,640 --> 00:35:27,480
Speaker 1: sure that we don't have to go through all of

664
00:35:27,520 --> 00:35:30,000
Speaker 1: these shenanigans. And I think, really, if we will put

665
00:35:30,040 --> 00:35:32,320
Speaker 1: the last part up here on the screen, the meta

666
00:35:32,320 --> 00:35:35,280
Speaker 1: takeaway is exactly what we've laid out here. Donald Trump

667
00:35:35,320 --> 00:35:37,640
Speaker 1: engaged in the exact same tax planning as every rich

668
00:35:37,680 --> 00:35:40,960
Speaker 1: person and mega rich person in America. He has links

669
00:35:41,000 --> 00:35:44,759
Speaker 1: to several finance foreign foreign accounts, and others, all of

670
00:35:44,800 --> 00:35:49,200
Speaker 1: which linked to various LLCs designed specifically to lower his

671
00:35:49,320 --> 00:35:55,120
Speaker 1: taxable donations, including charitable donations and others strategically placed to

672
00:35:55,200 --> 00:35:57,719
Speaker 1: make sure that the tax burden is as little as

673
00:35:57,800 --> 00:36:01,560
Speaker 1: humanly possible. And that the real takeaway here should be

674
00:36:02,280 --> 00:36:05,319
Speaker 1: that the irs, which right now you know, has all

675
00:36:05,360 --> 00:36:08,440
Speaker 1: these uh has all of these rules about reporting VENMO

676
00:36:08,640 --> 00:36:13,799
Speaker 1: transactions over six hundred dollars and others, that they're continued,

677
00:36:14,160 --> 00:36:19,360
Speaker 1: you know, really persecution of poorer people and going after them. Meanwhile,

678
00:36:19,440 --> 00:36:21,800
Speaker 1: you know, the unit which is charged with going after

679
00:36:21,840 --> 00:36:24,919
Speaker 1: some of the ten wealthiest Americans has been far less

680
00:36:24,920 --> 00:36:29,120
Speaker 1: effective and far far less active in the last decade.

681
00:36:29,440 --> 00:36:32,600
Speaker 1: I think that is a genuine crime, and it just

682
00:36:32,600 --> 00:36:34,400
Speaker 1: shows us that we got to get out of this

683
00:36:34,440 --> 00:36:37,320
Speaker 1: hole funding the irs or not, and try and focus

684
00:36:37,360 --> 00:36:42,279
Speaker 1: on boosting the exact entities within the organization and the

685
00:36:42,320 --> 00:36:44,640
Speaker 1: government which go after the super rich, who of course

686
00:36:44,680 --> 00:36:47,680
Speaker 1: are avoiding you know, beyond the fact that what they

687
00:36:47,760 --> 00:36:50,839
Speaker 1: legally owe is already very low. They don't even pay that.

688
00:36:51,000 --> 00:36:54,080
Speaker 1: It's hundreds of millions of dollars of which are going

689
00:36:54,200 --> 00:36:57,440
Speaker 1: unpaid in taxes and instead, you know, people's Venmo transactions

690
00:36:57,480 --> 00:36:59,880
Speaker 1: are the ones that are being looked at. Robber Soccer.

691
00:37:00,239 --> 00:37:04,600
Speaker 1: Was it the Pandora papers that were relieved that revealed

692
00:37:04,680 --> 00:37:08,760
Speaker 1: all of the tax cheating behavior of the world's richest,

693
00:37:09,200 --> 00:37:12,080
Speaker 1: And in the analysis of those papers, they said, basically,

694
00:37:12,480 --> 00:37:14,920
Speaker 1: there aren't a lot of US persons here because the

695
00:37:15,040 --> 00:37:18,279
Speaker 1: US tax code is set up such that you can basically,

696
00:37:18,560 --> 00:37:21,840
Speaker 1: you know, hide your assets using all of these tax

697
00:37:21,880 --> 00:37:24,640
Speaker 1: loopholes and oh, zero dollars in taxes, so you don't

698
00:37:24,640 --> 00:37:27,480
Speaker 1: have to engage in the same like offshoring behavior that

699
00:37:27,680 --> 00:37:31,319
Speaker 1: the world's other oligarchs engage in to cheat their own

700
00:37:31,360 --> 00:37:35,440
Speaker 1: country's taxes. So you know, it's an enforcement issue because

701
00:37:35,440 --> 00:37:37,359
Speaker 1: you do have a lot of wealthy people who are

702
00:37:37,440 --> 00:37:39,560
Speaker 1: tax cheats and just expect that they can get away

703
00:37:39,600 --> 00:37:41,960
Speaker 1: with it or let most get a slap on the wrist.

704
00:37:42,320 --> 00:37:45,200
Speaker 1: And it's also a tax code issue that there are

705
00:37:45,360 --> 00:37:49,680
Speaker 1: so many loopholes available to them to basically pay zero

706
00:37:49,760 --> 00:37:52,719
Speaker 1: dollars in taxes. And given the level of inequality in

707
00:37:52,719 --> 00:37:56,680
Speaker 1: the country in particular, it's just disgusting that we continue

708
00:37:56,719 --> 00:37:59,279
Speaker 1: to persist in that regime when we supposedly have a

709
00:37:59,320 --> 00:38:03,400
Speaker 1: progressives actually taxation system. In reality, when it comes to

710
00:38:03,680 --> 00:38:06,839
Speaker 1: the wealthiest of the wealthy, that is just so far

711
00:38:06,880 --> 00:38:09,640
Speaker 1: from the case. Oh, it's a complete lie, a complete

712
00:38:09,640 --> 00:38:11,680
Speaker 1: and a total lie. And it fits very well and

713
00:38:11,760 --> 00:38:15,279
Speaker 1: neatly with our next story, the Jeffrey Epstein saga. So

714
00:38:15,480 --> 00:38:19,120
Speaker 1: we have some very interesting and new information. I've always

715
00:38:19,120 --> 00:38:22,279
Speaker 1: thought that the Virgin Islands could be one of the

716
00:38:22,400 --> 00:38:26,440
Speaker 1: areas where their prosecutors and their team very much wanted

717
00:38:26,480 --> 00:38:28,359
Speaker 1: to try and get to the bottom of this. And

718
00:38:28,400 --> 00:38:32,600
Speaker 1: a new filing in the US Attorney's Office is devastating

719
00:38:32,680 --> 00:38:35,320
Speaker 1: for one of the major financial institutions in the country.

720
00:38:35,480 --> 00:38:38,359
Speaker 1: Let's put this up there on the screen. Epstein's sex

721
00:38:38,400 --> 00:38:42,040
Speaker 1: trafficking was aided by JP Morgan This is according to

722
00:38:42,120 --> 00:38:46,719
Speaker 1: a new lawsuit from the US Virgin Islands Attorney General's

723
00:38:46,800 --> 00:38:49,520
Speaker 1: Office that was filed in the Southern District of Manhattan

724
00:38:49,800 --> 00:38:52,880
Speaker 1: on Tuesday. Essentially, what they are alleging is that JP

725
00:38:53,000 --> 00:38:57,520
Speaker 1: Morgan failed to report Epstein's suspicious activities and actually provided

726
00:38:57,600 --> 00:39:02,080
Speaker 1: the financier with services reserved for high wealth clients, even

727
00:39:02,200 --> 00:39:05,359
Speaker 1: after a two thousand and eight conviction for soliciting a

728
00:39:05,400 --> 00:39:09,760
Speaker 1: minor for prostitution in Palm Beach, Florida. They specifically say

729
00:39:10,000 --> 00:39:14,120
Speaker 1: that they have information which has revealed that JP Morgan knowingly,

730
00:39:14,400 --> 00:39:18,520
Speaker 1: negligently and unlawfully provided and pulled the levers through which

731
00:39:18,800 --> 00:39:23,120
Speaker 1: recruiters and victims were paid, and was indispensable to the

732
00:39:23,160 --> 00:39:28,240
Speaker 1: operation and concealment of the Epstein trafficking enterprise. So why

733
00:39:28,280 --> 00:39:30,600
Speaker 1: does all of this matter? We should go back and

734
00:39:30,640 --> 00:39:35,320
Speaker 1: remember a New York Financial Services Department find of JP Morgan,

735
00:39:35,400 --> 00:39:39,120
Speaker 1: of Deutsche Bank and of other financial institutions, which showed

736
00:39:39,160 --> 00:39:43,160
Speaker 1: specifically that the banks were involved in a collusion process

737
00:39:43,200 --> 00:39:47,520
Speaker 1: to go after Epstein's business and specifically facilitated his own

738
00:39:47,560 --> 00:39:51,440
Speaker 1: transactions from the United States to Eastern Europe. Presumably and

739
00:39:51,680 --> 00:39:54,319
Speaker 1: in many cases towards women who are using used for

740
00:39:54,360 --> 00:39:58,400
Speaker 1: sex trafficking purposes. Why does that matter because Epstein himself

741
00:39:58,600 --> 00:40:02,040
Speaker 1: and his network in organizedation, we're pulling all sorts of

742
00:40:02,080 --> 00:40:04,560
Speaker 1: financial chicanery that if you or I tried to pull

743
00:40:04,560 --> 00:40:07,640
Speaker 1: a crystal, we would be automatically reported to the FBI.

744
00:40:07,800 --> 00:40:10,400
Speaker 1: And in fact, one of those, my personal favorite example

745
00:40:10,480 --> 00:40:13,560
Speaker 1: from the Financial Services Department complaint was when they would

746
00:40:13,560 --> 00:40:17,080
Speaker 1: say how much cash can we withdraw without triggering the Feds?

747
00:40:17,719 --> 00:40:20,920
Speaker 1: By the way, just asking that question, you're supposed to

748
00:40:21,000 --> 00:40:24,440
Speaker 1: call the FEDS, and they engage in regular behavior where

749
00:40:24,480 --> 00:40:27,320
Speaker 1: they would try and withdraw as much cash as possible

750
00:40:27,520 --> 00:40:32,640
Speaker 1: without triggering an automatic regulatory informing to federal authorities. This

751
00:40:32,800 --> 00:40:35,400
Speaker 1: is just the tip of the iceberg. What Thes Virgin

752
00:40:35,440 --> 00:40:38,760
Speaker 1: Islands is doing here is revealing it at the major

753
00:40:38,960 --> 00:40:43,080
Speaker 1: meta financial institutional level, of which remember, we have no

754
00:40:43,160 --> 00:40:47,520
Speaker 1: transparency outside of that financial services fine that happened for

755
00:40:47,600 --> 00:40:50,840
Speaker 1: Deutsche Bank, and I think it was in twenty twenty one.

756
00:40:51,040 --> 00:40:54,000
Speaker 1: We have no more clarity because of the Glade Maxwell

757
00:40:54,000 --> 00:40:56,840
Speaker 1: trial focused on crimes and I'm not saying these weren't valid,

758
00:40:56,840 --> 00:40:59,520
Speaker 1: but on things that happened in so far limited in

759
00:40:59,560 --> 00:41:03,680
Speaker 1: scope and so long time ago. The actual architect of

760
00:41:03,840 --> 00:41:06,760
Speaker 1: all of the power networks, the people like Leon Black,

761
00:41:06,840 --> 00:41:10,239
Speaker 1: the billionaires, the Wall Street, the financial institutions, all of

762
00:41:10,280 --> 00:41:13,480
Speaker 1: it remains outside of public records. So this is a

763
00:41:13,600 --> 00:41:16,360
Speaker 1: very important case that's happening here. Yeah, I mean the

764
00:41:16,400 --> 00:41:21,080
Speaker 1: Glen Maxwell trial. I think it's pretty clear was engineered

765
00:41:21,239 --> 00:41:24,680
Speaker 1: to protect as many powerful people as possible while still

766
00:41:24,840 --> 00:41:27,759
Speaker 1: putting her in prison because the public was just not

767
00:41:27,840 --> 00:41:31,480
Speaker 1: going to accept her ultimately going through going free. So

768
00:41:31,840 --> 00:41:36,400
Speaker 1: when you look at this pattern with these financial institutions,

769
00:41:36,840 --> 00:41:40,640
Speaker 1: keep in mind like maybe before he was a convicted

770
00:41:40,680 --> 00:41:44,120
Speaker 1: sex offender, maybe you could sort of turn a blind

771
00:41:44,200 --> 00:41:48,160
Speaker 1: eye and make up some innocent reason for these strange transactions.

772
00:41:48,440 --> 00:41:51,560
Speaker 1: But they continue to do business with him and seek

773
00:41:51,600 --> 00:41:54,920
Speaker 1: out business with him after he's a convicted sex offender.

774
00:41:55,239 --> 00:41:59,080
Speaker 1: And these are sophisticated institutions, You don't think that they

775
00:41:59,080 --> 00:42:05,000
Speaker 1: don't know what suspicious financial transactions look like, what they

776
00:42:05,000 --> 00:42:08,000
Speaker 1: are supposed to report under the law in terms of

777
00:42:08,200 --> 00:42:13,960
Speaker 1: suspicial suspicious financial transactions. So it really is, you know, disgusting.

778
00:42:14,040 --> 00:42:17,200
Speaker 1: All they cared about ultimately was the money. And then

779
00:42:17,360 --> 00:42:21,360
Speaker 1: the next twist in this story is this Attorney General

780
00:42:21,400 --> 00:42:24,000
Speaker 1: for the Virgin Islands who's been seems to be pretty

781
00:42:24,000 --> 00:42:29,520
Speaker 1: dogged in her pursuit of accountability and exposing the enablers

782
00:42:29,600 --> 00:42:34,320
Speaker 1: of the Jeffrey Epstein sex crimes ring. She was fired

783
00:42:34,800 --> 00:42:39,040
Speaker 1: from her job for filing this lawsuit against JP Morgan Chase.

784
00:42:39,320 --> 00:42:41,479
Speaker 1: Go and put this piece up on the screen here.

785
00:42:42,560 --> 00:42:48,720
Speaker 1: She was fired days after suing JP Morgan Chase over

786
00:42:48,880 --> 00:42:52,600
Speaker 1: the Jeffrey Epstein ties. And it says in the article.

787
00:42:52,640 --> 00:42:56,000
Speaker 1: I mean they out and out acknowledged that this was

788
00:42:56,040 --> 00:42:58,040
Speaker 1: the reason for her dismissal. They didn't even try to

789
00:42:58,040 --> 00:42:59,600
Speaker 1: make up like, oh, no, it had something to do

790
00:42:59,680 --> 00:43:01,800
Speaker 1: with her other conduct and it really had nothing to

791
00:43:01,880 --> 00:43:03,759
Speaker 1: do with Epstein. No, they were like, no, this caught

792
00:43:03,840 --> 00:43:06,520
Speaker 1: us off guard, and so we relieved her of her duties.

793
00:43:06,560 --> 00:43:11,680
Speaker 1: So even from the grave, this man is still being protected.

794
00:43:11,840 --> 00:43:15,760
Speaker 1: But more to the point, all of the powerful people

795
00:43:16,320 --> 00:43:19,120
Speaker 1: who were caught up in this, or who enabled this

796
00:43:19,360 --> 00:43:22,920
Speaker 1: and chose to look the other way, or were active participants,

797
00:43:23,520 --> 00:43:26,799
Speaker 1: they continued to be protected at the highest levels. Yes,

798
00:43:26,920 --> 00:43:30,040
Speaker 1: I want to underscore again that Denise George, the Attorney

799
00:43:30,040 --> 00:43:33,799
Speaker 1: general here who was fired, has been really courageous on

800
00:43:33,840 --> 00:43:36,160
Speaker 1: this investigation for years. Now, let's go and put this

801
00:43:36,280 --> 00:43:38,919
Speaker 1: up there on the screen. It's a news item from

802
00:43:39,000 --> 00:43:40,960
Speaker 1: a couple of years ago, but it shows you that

803
00:43:41,080 --> 00:43:44,800
Speaker 1: in an initial lawsuit that she actually filed, they alleged

804
00:43:44,840 --> 00:43:47,400
Speaker 1: that to Epstein was trafficking girls as young as twelve

805
00:43:47,480 --> 00:43:50,320
Speaker 1: years old to the US Virgin Islands on the property

806
00:43:50,600 --> 00:43:54,040
Speaker 1: and the island that he privately owned. This was part

807
00:43:54,280 --> 00:43:58,200
Speaker 1: of a hundred million dollars settlement with the Epstein estate

808
00:43:58,239 --> 00:44:00,799
Speaker 1: that the Virgin Islands actually just came to with the

809
00:44:00,800 --> 00:44:04,400
Speaker 1: Epstein estate to claw back quote, more than eighty million

810
00:44:04,440 --> 00:44:07,719
Speaker 1: dollars in economic development tax benefits that Epstein and co

811
00:44:07,840 --> 00:44:12,200
Speaker 1: defendants had fraudulently obtained from US Virgin Islands and other

812
00:44:12,280 --> 00:44:16,640
Speaker 1: authorities to actually use to then fund his sex trafficking enterprise.

813
00:44:16,960 --> 00:44:19,800
Speaker 1: I also want to read a quote from the lawsuit

814
00:44:19,840 --> 00:44:23,399
Speaker 1: that she filed before she was fired. These decisions were

815
00:44:23,440 --> 00:44:27,760
Speaker 1: advocated and approved at the senior levels of JP Morgan,

816
00:44:27,960 --> 00:44:32,439
Speaker 1: who facilitated and concealed wire and cash transactions that raised

817
00:44:32,480 --> 00:44:36,280
Speaker 1: suspicious of and were impact part of a criminal enterprise

818
00:44:36,320 --> 00:44:39,920
Speaker 1: whose currency was a sexual servitude of dozens of women

819
00:44:39,960 --> 00:44:44,200
Speaker 1: and girls in and beyond the US Virgin Islands. This

820
00:44:44,400 --> 00:44:48,839
Speaker 1: lawsuit is again the tip of the iceberg, and if

821
00:44:48,840 --> 00:44:51,920
Speaker 1: it actually was allowed to proceed, we would have gotten

822
00:44:52,000 --> 00:44:57,680
Speaker 1: financial statements, subpoenas, possibly as senior JP Morgan, executives, account managers,

823
00:44:57,960 --> 00:45:01,320
Speaker 1: some of the other sophisticated financial ship canry that Epstein

824
00:45:01,400 --> 00:45:04,120
Speaker 1: and all of his coacherie were involved in. I mean,

825
00:45:04,440 --> 00:45:06,800
Speaker 1: I still have so many questions. If we'll all remember

826
00:45:06,920 --> 00:45:09,200
Speaker 1: Leon Black, who was the head of the Apollo Group,

827
00:45:09,239 --> 00:45:12,400
Speaker 1: he was one of the richest men in the United States,

828
00:45:13,239 --> 00:45:15,560
Speaker 1: one of the most powerful people on Wall Street, and

829
00:45:15,600 --> 00:45:18,840
Speaker 1: he paid him some hundred million dollars for quote tax advice.

830
00:45:19,160 --> 00:45:21,320
Speaker 1: And the way that he paid him that one hundred

831
00:45:21,360 --> 00:45:24,200
Speaker 1: million was through the shell corporation that owned his private

832
00:45:24,280 --> 00:45:27,239
Speaker 1: jet to jeffreyepp I mean this, and then Bill Gates,

833
00:45:27,280 --> 00:45:30,400
Speaker 1: I mean Bill Gates's own divorce, as Melinda Gates has

834
00:45:30,440 --> 00:45:33,680
Speaker 1: now come out and said, was because she was understanding

835
00:45:33,920 --> 00:45:36,759
Speaker 1: the level of his involvement with Jeffrey Epstein, not just

836
00:45:37,160 --> 00:45:40,680
Speaker 1: some one chance meeting. We're talking about behind closed doors,

837
00:45:41,000 --> 00:45:44,920
Speaker 1: even allegedly in some cases complaining about his marriage. And

838
00:45:45,000 --> 00:45:47,040
Speaker 1: you know, he's known to have been involved in affairs

839
00:45:47,040 --> 00:45:49,600
Speaker 1: also while he was married, so some of the world's

840
00:45:49,680 --> 00:45:52,759
Speaker 1: richest and most powerful men aren't snared in this, and

841
00:45:53,160 --> 00:45:55,399
Speaker 1: none of it yet has come to light. And he's

842
00:45:55,440 --> 00:45:58,319
Speaker 1: been dead. I'll just say dead. We'll say for the

843
00:45:58,320 --> 00:46:01,640
Speaker 1: circumstances for later for several years now. I mean, it's

844
00:46:01,800 --> 00:46:04,800
Speaker 1: just completely crazy. This was one of the only chances

845
00:46:04,920 --> 00:46:07,920
Speaker 1: that we really had. And now she's been fired, and

846
00:46:08,040 --> 00:46:10,279
Speaker 1: you know, I'll let you surmise about why exactly that

847
00:46:10,320 --> 00:46:15,480
Speaker 1: would happen. Yeah, very well said Okay. Now finally we

848
00:46:15,520 --> 00:46:19,680
Speaker 1: couldn't help but cover this the New Year. It was

849
00:46:19,760 --> 00:46:22,439
Speaker 1: rang in. For some reason, many of the cable news

850
00:46:22,440 --> 00:46:26,879
Speaker 1: networks believe that people want to watch them while they

851
00:46:27,280 --> 00:46:30,279
Speaker 1: are ringing in the New Year. And I guess, if

852
00:46:30,320 --> 00:46:33,080
Speaker 1: you're at least going to go to the trouble of

853
00:46:33,160 --> 00:46:36,480
Speaker 1: doing a New Years show, should you not then engage

854
00:46:36,640 --> 00:46:40,920
Speaker 1: in a countdown, you know, and actually with the revelry,

855
00:46:41,360 --> 00:46:43,640
Speaker 1: the ball drop, or if you don't have the ball drop,

856
00:46:43,719 --> 00:46:49,120
Speaker 1: some sort of big celebration of the moment instead. CNN's

857
00:46:49,200 --> 00:46:53,040
Speaker 1: Don Lemon actually did not ring in the New Year

858
00:46:53,120 --> 00:46:57,000
Speaker 1: at all. They forgot the countdown, presumably because of the

859
00:46:57,480 --> 00:47:00,719
Speaker 1: time zone difference, because they were in New Orleans. They

860
00:47:00,760 --> 00:47:04,120
Speaker 1: had music that was going on and completely dig not

861
00:47:04,280 --> 00:47:07,240
Speaker 1: acknowledge the change of the new year in any way.

862
00:47:07,480 --> 00:47:27,279
Speaker 1: Let's take a listen. That's how we started. That's how

863
00:47:27,280 --> 00:47:33,680
Speaker 1: we started. Already put his countdown, so miss missed the countdown.

864
00:47:34,440 --> 00:47:36,840
Speaker 1: And as you said, Crystal, they're not even allowed to

865
00:47:36,920 --> 00:47:41,320
Speaker 1: drink anymore, so he can't even blame being wasted. He

866
00:47:41,480 --> 00:47:43,840
Speaker 1: was just straight up bad at his job. You know,

867
00:47:43,960 --> 00:47:46,439
Speaker 1: I think we need to end these cable news once.

868
00:47:46,480 --> 00:47:49,400
Speaker 1: We need to have one maybe two. Personally, I watched

869
00:47:49,400 --> 00:47:52,000
Speaker 1: the Miley and Dolly Parton show. It was in fun.

870
00:47:52,040 --> 00:47:55,040
Speaker 1: I enjoyed it. You know, Miley and Dolly, they're entertainers,

871
00:47:55,040 --> 00:47:57,200
Speaker 1: so they're exactly the people who I want to ring

872
00:47:57,440 --> 00:48:00,920
Speaker 1: the new year in with. Why would anyone want to

873
00:48:00,920 --> 00:48:04,400
Speaker 1: watch CNN's don Lemon do this? And I guess the

874
00:48:04,440 --> 00:48:07,240
Speaker 1: only previous time was with Anderson Cooper and Kathy Griffin

875
00:48:07,440 --> 00:48:10,200
Speaker 1: is when they were getting completely wasted on the air

876
00:48:10,440 --> 00:48:12,200
Speaker 1: and people were like, Okay, well, you know this is

877
00:48:12,200 --> 00:48:14,920
Speaker 1: at least kind of amusing and fun. But he wasn't

878
00:48:14,920 --> 00:48:18,319
Speaker 1: even drunk. He had was completely sober, and he was

879
00:48:18,360 --> 00:48:20,520
Speaker 1: completely unable to ring in the New year. I think

880
00:48:20,520 --> 00:48:23,799
Speaker 1: it's a metaphor for CNN and for the future of

881
00:48:23,800 --> 00:48:26,040
Speaker 1: that network, hopefully in this year. Or maybe I'm just

882
00:48:26,080 --> 00:48:29,680
Speaker 1: projecting one of my New Year's resolutions onto them. I hope. So,

883
00:48:29,880 --> 00:48:33,560
Speaker 1: I hope. So it's like you had one job, one

884
00:48:33,680 --> 00:48:37,320
Speaker 1: job to let people know when it does midnight, do

885
00:48:37,400 --> 00:48:39,880
Speaker 1: a little countdown. That's it. That's the whole reason that

886
00:48:39,920 --> 00:48:42,520
Speaker 1: people were there, and you failed at it. I mean,

887
00:48:42,800 --> 00:48:44,759
Speaker 1: I would love to fully blame Don Lemon, but I

888
00:48:44,800 --> 00:48:46,360
Speaker 1: can't because I really think this is more of a

889
00:48:46,600 --> 00:48:49,160
Speaker 1: like you should have our producer telling you we need

890
00:48:49,160 --> 00:48:51,880
Speaker 1: to throw to the countdown now, and it's possible. Listen,

891
00:48:52,000 --> 00:48:53,840
Speaker 1: having been any suitor that it was like loud and

892
00:48:53,880 --> 00:48:57,359
Speaker 1: you didn't hear whatever. But what an incredible fuck up

893
00:48:57,440 --> 00:49:01,040
Speaker 1: that you missed the midnight countdown on New Year's Eve.

894
00:49:01,400 --> 00:49:05,960
Speaker 1: So perfect way, perfect way for CNN to ultimately ring

895
00:49:06,000 --> 00:49:08,000
Speaker 1: in the New Year. I don't know that Dolly parton

896
00:49:08,080 --> 00:49:10,200
Speaker 1: Miley So do they do that every year? They do it?

897
00:49:10,440 --> 00:49:14,279
Speaker 1: It was on pack. I'm a huge Dolly fan, so

898
00:49:14,320 --> 00:49:16,640
Speaker 1: that I might I might be willing to watch. So

899
00:49:16,800 --> 00:49:18,480
Speaker 1: you're looking at a chord. Also, I was staying in

900
00:49:18,520 --> 00:49:21,719
Speaker 1: an airbnb with my friends. Literally, you know, it's every

901
00:49:21,719 --> 00:49:24,719
Speaker 1: classic Airbnb has, like Roku TV or whatever, and I

902
00:49:24,760 --> 00:49:27,319
Speaker 1: was like, oh, peacock, and then it was I've seen

903
00:49:27,320 --> 00:49:29,480
Speaker 1: the day before. It was like Miley and Dolly part

904
00:49:29,480 --> 00:49:31,680
Speaker 1: and I was like, that looks fun. Uh, this will

905
00:49:31,680 --> 00:49:33,840
Speaker 1: be anting one. They did a great job. So shout

906
00:49:33,840 --> 00:49:36,600
Speaker 1: out to Miley and to Dolly Parton for helping me

907
00:49:36,800 --> 00:49:39,960
Speaker 1: personally ring in the New year. Yeah. So Kyle hadn't

908
00:49:40,000 --> 00:49:42,880
Speaker 1: watched Game of Thrones, so I've been rewatching Game of

909
00:49:42,920 --> 00:49:46,960
Speaker 1: Thrones with him. So we watched two Game of Thrones episodes.

910
00:49:47,080 --> 00:49:49,200
Speaker 1: The second one got us to twelve oh one, and

911
00:49:49,239 --> 00:49:51,480
Speaker 1: then I was I was out. I was actually shocked.

912
00:49:51,440 --> 00:49:53,560
Speaker 1: I've made it. I made it to midnight, to be

913
00:49:53,600 --> 00:49:55,600
Speaker 1: honest with you. So there you go. It's proud of

914
00:49:55,600 --> 00:49:57,719
Speaker 1: myself for that. Well that's how the two of us

915
00:49:57,800 --> 00:50:00,000
Speaker 1: ring in the New year. I can't say I last

916
00:50:00,040 --> 00:50:04,360
Speaker 1: said too far long after twelve, but that was largely

917
00:50:04,360 --> 00:50:07,040
Speaker 1: because of activities that were partook in earlier in the

918
00:50:07,160 --> 00:50:10,040
Speaker 1: earlier anyway, it was a it was a fun time.

919
00:50:10,120 --> 00:50:12,280
Speaker 1: Shout out again to the city of Austin for treating

920
00:50:12,320 --> 00:50:15,479
Speaker 1: me very very well. And may we have more, many

921
00:50:15,520 --> 00:50:22,160
Speaker 1: more CNN failures to come in twenty twenty three. Well, everyone,

922
00:50:22,280 --> 00:50:24,120
Speaker 1: as you can see, I'm on the road. It's been

923
00:50:24,120 --> 00:50:26,360
Speaker 1: a nightmare, not only for me, but for millions of

924
00:50:26,360 --> 00:50:29,400
Speaker 1: others with the travel cancelations and the chaos and the skies.

925
00:50:29,680 --> 00:50:32,920
Speaker 1: But what did our Secretary of Transportation, Pete Boudajet promise

926
00:50:33,040 --> 00:50:36,759
Speaker 1: before the holidays? Take a listen, do you think this

927
00:50:36,840 --> 00:50:39,160
Speaker 1: issue will be sorted in time for the holidays. I

928
00:50:39,160 --> 00:50:40,920
Speaker 1: think it's going to get better by the holidays. We're

929
00:50:40,960 --> 00:50:45,160
Speaker 1: really pressing the airlines to deliver better service despite Secretary

930
00:50:45,160 --> 00:50:48,880
Speaker 1: Boutajet's promises. That's actually not what happened at all. Instead,

931
00:50:49,040 --> 00:50:51,600
Speaker 1: there was a complete meltdown in the skies. Let's go

932
00:50:51,640 --> 00:50:53,759
Speaker 1: and put this up there on the screen. Most of

933
00:50:53,800 --> 00:50:57,480
Speaker 1: it attributable to Southwest Airlines, which canceled at one point

934
00:50:57,560 --> 00:51:02,160
Speaker 1: fifty percent of all flights globally eighty five percent of

935
00:51:02,280 --> 00:51:06,160
Speaker 1: all flights in the United States, stranding millions of passengers

936
00:51:06,360 --> 00:51:12,279
Speaker 1: at airports, causing chaos, luggage losing it. People I personally

937
00:51:12,360 --> 00:51:15,680
Speaker 1: know had to drive hours across the country in order

938
00:51:15,719 --> 00:51:18,960
Speaker 1: to see their families and loved ones. I personally witnessed

939
00:51:18,960 --> 00:51:21,920
Speaker 1: this at Austin Airport. Even days after, when I was

940
00:51:21,960 --> 00:51:25,240
Speaker 1: in town for New Year's I saw hundreds of bags

941
00:51:25,280 --> 00:51:27,960
Speaker 1: that were still stranded at the airport waiting to be

942
00:51:28,000 --> 00:51:32,360
Speaker 1: picked up by Southwest passengers. None of this should have happened,

943
00:51:32,400 --> 00:51:35,360
Speaker 1: and all of it was completely preventable. The Secretary of

944
00:51:35,400 --> 00:51:39,760
Speaker 1: Transportation completely failed in readiness conditions for the airlines ahead

945
00:51:39,800 --> 00:51:42,040
Speaker 1: of the holidays. There was no audit that was completed

946
00:51:42,080 --> 00:51:44,640
Speaker 1: of Southwest Airlines, there were no fines and others that

947
00:51:44,640 --> 00:51:48,080
Speaker 1: were levied. On top of that, Southwest, the company itself

948
00:51:48,360 --> 00:51:52,480
Speaker 1: is now the portrait of corporate greed. On December seventh,

949
00:51:52,560 --> 00:51:54,960
Speaker 1: twenty twenty two, put this up there on the screen.

950
00:51:55,239 --> 00:51:58,960
Speaker 1: They went ahead and issued a dividend to all stockholders

951
00:51:59,160 --> 00:52:02,120
Speaker 1: and announced that they had no signs of slow down

952
00:52:02,120 --> 00:52:05,399
Speaker 1: and travel demand and that they were well prepared for

953
00:52:05,440 --> 00:52:08,759
Speaker 1: the holiday season. The CEO of Southwest specifically said that

954
00:52:09,000 --> 00:52:12,800
Speaker 1: on his earnings call with stock investors, and literally only

955
00:52:12,880 --> 00:52:15,279
Speaker 1: days later during the holidays, they have one of the

956
00:52:15,320 --> 00:52:19,520
Speaker 1: greatest meltdowns of travel in modern American history. They used

957
00:52:19,680 --> 00:52:22,560
Speaker 1: none of the pandemic relief money which was given to

958
00:52:22,600 --> 00:52:24,680
Speaker 1: them to not only keep their staff on but to

959
00:52:24,760 --> 00:52:28,000
Speaker 1: reinvest in their business. Presumably they have a high enough

960
00:52:28,000 --> 00:52:30,839
Speaker 1: profit in order to pay about dividend, but they don't

961
00:52:30,880 --> 00:52:33,279
Speaker 1: have a high enough profit to actually make sure that

962
00:52:33,320 --> 00:52:36,800
Speaker 1: their staffing system is not antiquated. They didn't pour any

963
00:52:36,840 --> 00:52:40,200
Speaker 1: of the money into customer service. Very clearly, they were

964
00:52:40,239 --> 00:52:44,000
Speaker 1: not covering hotels and others because they claimed that the

965
00:52:44,000 --> 00:52:47,320
Speaker 1: cancelation was due to weather, even though the weather affected

966
00:52:47,360 --> 00:52:50,399
Speaker 1: every other airline in the country, and somehow they were

967
00:52:50,400 --> 00:52:53,440
Speaker 1: the only ones who had a complete and a total meltdown.

968
00:52:54,080 --> 00:52:56,680
Speaker 1: There's a real class element to all of this as well.

969
00:52:56,920 --> 00:53:00,200
Speaker 1: It's really middle class and lower middle class people who

970
00:53:00,200 --> 00:53:02,840
Speaker 1: were visiting families and taking advantages of the cheaper and

971
00:53:02,920 --> 00:53:06,000
Speaker 1: the discount airlines as well as the free check bag policy.

972
00:53:06,160 --> 00:53:08,000
Speaker 1: Who are the ones who are most affected by this

973
00:53:08,400 --> 00:53:11,080
Speaker 1: business Travelers and others with status and others usually fly

974
00:53:11,440 --> 00:53:14,279
Speaker 1: the big three carriers, So when you consider that it's

975
00:53:14,360 --> 00:53:17,400
Speaker 1: that group of which needs air travel every once in

976
00:53:17,440 --> 00:53:19,720
Speaker 1: a while and really only at the holidays, but saves

977
00:53:19,800 --> 00:53:22,240
Speaker 1: up over a long period of time, they're the ones

978
00:53:22,360 --> 00:53:25,640
Speaker 1: who are the completely and totally just destroyed by this.

979
00:53:25,760 --> 00:53:28,839
Speaker 1: Many of them had to just cancel their flight completely.

980
00:53:29,080 --> 00:53:31,560
Speaker 1: Many just didn't go. Some had to spend one hundred

981
00:53:31,640 --> 00:53:34,120
Speaker 1: of dollars potentially in savings to rent a car. This

982
00:53:34,239 --> 00:53:37,640
Speaker 1: caused just havoc and wreaked it across everyone, and I

983
00:53:37,680 --> 00:53:40,239
Speaker 1: think it's really important for people to understand just how

984
00:53:40,360 --> 00:53:42,600
Speaker 1: terrible it was for a lot of path I was lucky,

985
00:53:42,600 --> 00:53:45,960
Speaker 1: you know, none of my flights were canceled, but several

986
00:53:46,000 --> 00:53:50,000
Speaker 1: hour delays were experienced, not necessarily due to weather, all

987
00:53:50,160 --> 00:53:53,440
Speaker 1: many cases due to let's just say, incompetence on the

988
00:53:53,719 --> 00:53:56,160
Speaker 1: part of crew planning and many of these other things.

989
00:53:56,160 --> 00:53:58,800
Speaker 1: But just seeing some of this, you know, firsthand, people

990
00:53:58,840 --> 00:54:02,000
Speaker 1: at hours lines and having you know, personal friends and

991
00:54:02,040 --> 00:54:05,239
Speaker 1: others that were really affected by this, it's not it's

992
00:54:05,360 --> 00:54:09,839
Speaker 1: ruining because it takes away precious time that in many

993
00:54:09,880 --> 00:54:13,040
Speaker 1: cases people save up for the entire year. They plan

994
00:54:13,120 --> 00:54:17,160
Speaker 1: their vacation time, they plan everything around the ability to

995
00:54:17,239 --> 00:54:19,680
Speaker 1: make sure they can get to their destination. And Southwest

996
00:54:19,680 --> 00:54:23,080
Speaker 1: itself actually bills itself as a family friendly airline with

997
00:54:23,160 --> 00:54:26,319
Speaker 1: the free check bags, the low prices and all of that,

998
00:54:26,360 --> 00:54:28,960
Speaker 1: and this is this is what they give their customers

999
00:54:29,120 --> 00:54:32,760
Speaker 1: in the middle of the only real time that most

1000
00:54:32,800 --> 00:54:37,040
Speaker 1: Americans need them to actually function. It wasn't the weather.

1001
00:54:37,320 --> 00:54:39,759
Speaker 1: It was their piss poor planning. It was their piss

1002
00:54:39,800 --> 00:54:43,920
Speaker 1: poor business really, because they invested rather more in their

1003
00:54:43,960 --> 00:54:47,640
Speaker 1: stock price than in their actual infrastructure, and a lot

1004
00:54:47,640 --> 00:54:49,799
Speaker 1: of people paid the price on this. It's really just

1005
00:54:49,880 --> 00:54:52,280
Speaker 1: not right. And if you want to hear my reaction

1006
00:54:52,360 --> 00:54:56,040
Speaker 1: to Cyber's monologue, become a premium subscriber today at breakingpoints

1007
00:54:56,040 --> 00:55:01,480
Speaker 1: dot Com. Crystal taking a look at well, I have

1008
00:55:01,560 --> 00:55:06,160
Speaker 1: another little dispatch from the billionaire and boss class. It

1009
00:55:06,200 --> 00:55:08,319
Speaker 1: appears they're getting a little upset. They feel like the

1010
00:55:08,360 --> 00:55:11,279
Speaker 1: peasants are getting a little uppity. They're complaining a bit

1011
00:55:11,320 --> 00:55:15,160
Speaker 1: about their rations, their lo and behold, demanding that they

1012
00:55:15,200 --> 00:55:18,040
Speaker 1: actually get paid for the work that they do. Crazy stuff,

1013
00:55:18,080 --> 00:55:20,879
Speaker 1: I know. Let me start with this first place, first piece.

1014
00:55:20,920 --> 00:55:24,640
Speaker 1: This is the billionaire founder of home Depot put this

1015
00:55:24,760 --> 00:55:28,200
Speaker 1: up on the screen, a guy named Bernie Marcus and

1016
00:55:28,239 --> 00:55:30,680
Speaker 1: in a new interview it was with the Financial Times.

1017
00:55:30,920 --> 00:55:32,480
Speaker 1: This is the New York Post write up of it.

1018
00:55:32,760 --> 00:55:35,520
Speaker 1: He says that socialism killed motivation to work and that

1019
00:55:35,640 --> 00:55:37,759
Speaker 1: nobody gives a damn. Let me give you some of

1020
00:55:37,800 --> 00:55:42,000
Speaker 1: the specifics here he said, quote, I'm worried about capitalism.

1021
00:55:42,800 --> 00:55:46,480
Speaker 1: Thanks to socialism, nobody works, nobody gives a damn, Just

1022
00:55:46,560 --> 00:55:48,399
Speaker 1: give it to me, send me money. I don't want

1023
00:55:48,400 --> 00:55:51,160
Speaker 1: to work. I'm too lazy, I'm too fat, I'm too stupid.

1024
00:55:51,920 --> 00:55:54,239
Speaker 1: He goes on to list what he claims are some

1025
00:55:54,320 --> 00:55:57,680
Speaker 1: of the obstacles to entrepreneurial success in the US today.

1026
00:55:58,000 --> 00:56:06,880
Speaker 1: They include human resource executives, government bureaucrats, regulators, socialists, Harvard graduates, nbas, Harvard,

1027
00:56:06,960 --> 00:56:10,319
Speaker 1: MBA's lawyers, accounts, Joe Biden, the media, and quote the

1028
00:56:10,400 --> 00:56:13,960
Speaker 1: woke people. So he's claiming that people don't want to

1029
00:56:14,000 --> 00:56:18,480
Speaker 1: work anymore, and it's socialism to blame, which is weird

1030
00:56:18,560 --> 00:56:22,640
Speaker 1: because we don't have socialism, and you know, communism was

1031
00:56:22,719 --> 00:56:25,279
Speaker 1: crushed and defeated. It's not really an ongoing project really

1032
00:56:25,320 --> 00:56:28,200
Speaker 1: anywhere in the world. You have Joe Biden, who's a

1033
00:56:28,200 --> 00:56:33,240
Speaker 1: total neoliberal centrist who is very pro capitalism, running the country.

1034
00:56:33,320 --> 00:56:36,920
Speaker 1: So hard to see exactly what he is talking about there,

1035
00:56:36,920 --> 00:56:39,640
Speaker 1: but it seems like the billionaire and the boss class

1036
00:56:39,640 --> 00:56:42,080
Speaker 1: are getting increasingly frustrated. Because there was this other piece

1037
00:56:42,080 --> 00:56:44,600
Speaker 1: in the Wall Street Journal that certainly caught my attention.

1038
00:56:44,680 --> 00:56:48,200
Speaker 1: Put this up on the screen. They have this headline,

1039
00:56:48,280 --> 00:56:52,400
Speaker 1: your coworkers are less ambitious bosses adjust to the new order.

1040
00:56:52,719 --> 00:56:54,759
Speaker 1: The tweet that they sent out with this article had

1041
00:56:54,760 --> 00:56:58,560
Speaker 1: an even more rege inducing headline, which was Bosses all

1042
00:56:58,600 --> 00:57:02,080
Speaker 1: over the US are asked the same question, where have

1043
00:57:02,280 --> 00:57:05,359
Speaker 1: all the go getters gone? And there are a lot

1044
00:57:05,400 --> 00:57:08,920
Speaker 1: of sort of delightfully rage inducing quotes in here of

1045
00:57:09,000 --> 00:57:11,279
Speaker 1: managers who are shocked in dismay that their workers might

1046
00:57:11,280 --> 00:57:14,480
Speaker 1: actually expect to be fairly compensated for their labor. I

1047
00:57:14,560 --> 00:57:18,320
Speaker 1: love this anecdote in particular from this company's z Digital.

1048
00:57:18,840 --> 00:57:21,040
Speaker 1: They talked to one of the managers who said, since

1049
00:57:21,080 --> 00:57:24,200
Speaker 1: the onset of the pandemic, several employees have asked for

1050
00:57:24,280 --> 00:57:27,600
Speaker 1: more pay when managers ask that they do more work.

1051
00:57:28,120 --> 00:57:30,680
Speaker 1: It's not like that. It was not like that before

1052
00:57:30,720 --> 00:57:35,520
Speaker 1: COVID at all. So imagine the audacity of workers wanting

1053
00:57:35,560 --> 00:57:38,439
Speaker 1: to get paid for the work that they are ultimately doing.

1054
00:57:38,880 --> 00:57:42,560
Speaker 1: You know, outside of the sort of rage inducing boss

1055
00:57:42,560 --> 00:57:45,040
Speaker 1: class quotes that are in this piece and the assumption

1056
00:57:45,120 --> 00:57:46,920
Speaker 1: that you know, it's a bad thing for workers to

1057
00:57:46,960 --> 00:57:50,080
Speaker 1: be actually asked to be compensated for their work. There

1058
00:57:50,120 --> 00:57:53,160
Speaker 1: were some really interesting statistics about the way that the

1059
00:57:53,200 --> 00:57:57,400
Speaker 1: pandemic has changed people's relationship to their workplace. Now this

1060
00:57:57,480 --> 00:57:59,840
Speaker 1: is focused on white collar workers, but we've of course

1061
00:57:59,840 --> 00:58:02,720
Speaker 1: been tracking here the way that blue collar workers have

1062
00:58:02,760 --> 00:58:05,160
Speaker 1: been standing up for themselves as well. Service workers. You

1063
00:58:05,200 --> 00:58:08,840
Speaker 1: think about the Starbucks workers, warehouse workers at Amazon, and

1064
00:58:08,920 --> 00:58:11,440
Speaker 1: other places. So this is really kind of a reckoning

1065
00:58:11,480 --> 00:58:16,040
Speaker 1: that's happening at every level of wage earning society. But

1066
00:58:16,160 --> 00:58:18,720
Speaker 1: they had some statistics here that showed it was not

1067
00:58:19,120 --> 00:58:22,480
Speaker 1: just a phenomenon among millennials and gen z. This really

1068
00:58:22,640 --> 00:58:29,200
Speaker 1: crosses generational barriers, where people after the pandemic reoriented their

1069
00:58:29,360 --> 00:58:33,880
Speaker 1: life priorities. They say that thirty six percents say that

1070
00:58:33,960 --> 00:58:36,680
Speaker 1: now that their overall career ambitions have waned over the

1071
00:58:36,720 --> 00:58:40,920
Speaker 1: past three years, you've got forty percent who say that

1072
00:58:41,040 --> 00:58:43,480
Speaker 1: work has become less important to them in the past

1073
00:58:43,480 --> 00:58:47,480
Speaker 1: three years. An American Bar Association survey of about two

1074
00:58:47,480 --> 00:58:50,920
Speaker 1: thousand members said that forty four percent of young lawyers

1075
00:58:50,920 --> 00:58:53,400
Speaker 1: said they would lead their jobs for a greater ability

1076
00:58:53,440 --> 00:58:57,800
Speaker 1: to work remotely elsewhere. And you ask yourself why you've

1077
00:58:57,840 --> 00:59:01,560
Speaker 1: had this reckoning. I mean, for white collar workers, I

1078
00:59:01,560 --> 00:59:04,000
Speaker 1: think many of them were forced to work remotely during

1079
00:59:04,000 --> 00:59:07,720
Speaker 1: the pandemic, and they kind of got used to and

1080
00:59:07,960 --> 00:59:11,800
Speaker 1: enjoyed being around their family, having something in their life

1081
00:59:11,840 --> 00:59:15,840
Speaker 1: other than just whatever their job ultimately entails. But then

1082
00:59:15,880 --> 00:59:19,560
Speaker 1: you also have this other interesting number here in this survey,

1083
00:59:19,680 --> 00:59:22,960
Speaker 1: where you have sixty percent of people who say that

1084
00:59:23,040 --> 00:59:28,280
Speaker 1: they are pessimistic about people's ability to achieve the American dream.

1085
00:59:28,880 --> 00:59:31,320
Speaker 1: So there's also a sense of let's say I get

1086
00:59:31,320 --> 00:59:33,520
Speaker 1: in there and grind. Let's say I get in there

1087
00:59:33,520 --> 00:59:36,320
Speaker 1: and take on the extra hours and work the overtime

1088
00:59:36,440 --> 00:59:38,840
Speaker 1: and ask for the extra shifts and all of that stuff.

1089
00:59:39,520 --> 00:59:42,800
Speaker 1: I have no confidence that that's going to lead me anywhere,

1090
00:59:43,160 --> 00:59:48,920
Speaker 1: because increasingly, in our capitalist system, those paths to solid

1091
00:59:49,200 --> 00:59:53,280
Speaker 1: middle class prosperity have been closed. So to go back

1092
00:59:53,320 --> 00:59:56,040
Speaker 1: to our billionaire friend here at the beginning who says,

1093
00:59:56,120 --> 00:59:59,360
Speaker 1: the problem with workers being lazy and not having that

1094
00:59:59,440 --> 01:00:01,760
Speaker 1: get up and oh and you just want to get

1095
01:00:01,760 --> 01:00:05,640
Speaker 1: all handed to them, it's not socialism. It's actually the

1096
01:00:05,720 --> 01:00:09,520
Speaker 1: mode of capitalism that we have that funnels so much

1097
01:00:09,560 --> 01:00:14,720
Speaker 1: wealth to Bernie Marcus and others and forecloses the ability

1098
01:00:14,840 --> 01:00:18,320
Speaker 1: of people lower down the chain to be able to

1099
01:00:18,680 --> 01:00:22,480
Speaker 1: work and rise up the ladder. So a lot of workers,

1100
01:00:22,920 --> 01:00:27,160
Speaker 1: white collar workers included, are saying, screw it. If working

1101
01:00:27,200 --> 01:00:29,520
Speaker 1: hard isn't going to get me anywhere. You know what,

1102
01:00:30,000 --> 01:00:32,840
Speaker 1: I have hobbies and passions and interests that make me

1103
01:00:32,880 --> 01:00:35,400
Speaker 1: who I am that I can find fulfillment in and

1104
01:00:35,520 --> 01:00:40,600
Speaker 1: ultimately this path of the grind set and working hoping

1105
01:00:40,640 --> 01:00:44,200
Speaker 1: to climb up the ladder, it's uncertain, it's unfulfilling, and

1106
01:00:44,240 --> 01:00:47,520
Speaker 1: I'm ultimately choosing a different path. So Sager, I've seen

1107
01:00:47,560 --> 01:00:49,120
Speaker 1: a number of these that there was also and if

1108
01:00:49,120 --> 01:00:51,880
Speaker 1: you want to hear my reaction to Crystal's monologue, become

1109
01:00:51,880 --> 01:00:58,160
Speaker 1: a premium subscriber today at Breakingpoints dot com. Thank you

1110
01:00:58,200 --> 01:01:00,479
Speaker 1: guys so much for watching bearing with us while we're

1111
01:01:00,520 --> 01:01:03,000
Speaker 1: on the road. We'll be back fully in the studio

1112
01:01:03,560 --> 01:01:06,439
Speaker 1: next week. Counterpoints will be in the studio tomorrow. They've

1113
01:01:06,480 --> 01:01:08,040
Speaker 1: got a great show planned for you all that we

1114
01:01:08,160 --> 01:01:11,480
Speaker 1: cover all the speakership, some of the breaking news, etc.

1115
01:01:11,800 --> 01:01:14,320
Speaker 1: We'll have another show for you guys on Thursday, a

1116
01:01:14,320 --> 01:01:16,920
Speaker 1: couple of extra segments as well, and we love you all.

1117
01:01:16,960 --> 01:01:19,560
Speaker 1: Thanks for bearing with us in the holiday season. God

1118
01:01:19,600 --> 01:01:21,040
Speaker 1: bless you all, and Happy New Year.