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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 2: We rely on our premium subs to expand coverage, upgrade

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Speaker 2: the studio ad staff give you, guys, the best independent

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Speaker 2: coverage that is possible. If you like what we're all about,

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Speaker 2: it just means the absolute world to have your support.

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Speaker 2: But enough with that, let's get to the show. Everything.

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Speaker 2: Good morning, everybody, Happy Monday. We have an amazing show

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Speaker 2: for everybody today. What do we have, Crystal?

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Speaker 1: Indeed, we do lots of interesting things unfolding here. This

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Speaker 1: week we had the Trump lawyer on literally every Sunday show,

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Speaker 1: so we will show you some of the highlights of that.

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Speaker 1: We have Americans potentially having a change of heart with

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Speaker 1: regard to aid to Ukraine, even as of course the

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Speaker 1: political class too needs to push forward Republicans, the Republican

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Speaker 1: base seeming to sour on wokeness.

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Speaker 3: Some interesting poll numbers for you there.

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Speaker 1: Wells Fargo once again being the worst bank of all time.

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Speaker 1: This time apparently they've deleted some of their customer deposits.

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Speaker 1: And this isn't even the first time that happened. This

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Speaker 1: is unbelievable stuff. Lizzo accused of fat shaming. It's quite

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Speaker 1: a plot twist. We will get to the allegations, what

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Speaker 1: the dancers are saying, and also the impact already on

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Speaker 1: her career. And we have a guidance studio today who

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Speaker 1: is going to make the case why Joe Biden should

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Speaker 1: be reelected. We'll talk to him about the economic numbers,

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Speaker 1: how people are feeling, and see what he thinks about

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Speaker 1: all of that. Before we get to any of that, though,

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Speaker 1: little programming. Note tomorrow is back to school day for

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Speaker 1: my kids, so you need to get them off in

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Speaker 1: the morning. So the show, I'm going to do the

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Speaker 1: show with Sager, but we'll be.

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Speaker 2: A little bit late, so yes, it'll be a little

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Speaker 2: bit later. She'll be coming out remotely, but we'll make

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Speaker 2: sure that it's good. Thank you again to all the

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Speaker 2: premium subscribers who have built this beautiful studio for us,

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Speaker 2: helping us compel guests. Michael Rosar guest. Today's actually the

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Speaker 2: former Press secretary to the First Lady Joe Biden and

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Speaker 2: senior advisor to Biden in the White House. Kind of

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Speaker 2: the first time that we've been able to host someone

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Speaker 2: here in the studio who is literally from Biden White House.

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Speaker 2: We appreciate them engaging with us, and I don't think

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Speaker 2: it would be possible without all of you guys. So

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Speaker 2: Breakingpoints dot Com if you can help us out and

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Speaker 2: become a premium subbeber helping build a space for some

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Speaker 2: fun conversations and interviews.

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Speaker 1: So far indeed, all right, let's get to Trump and

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Speaker 1: his various legal issues. So his lawyer in a sign

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Speaker 1: of the fact that yes, they're going to make their

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Speaker 1: case in court as best they can, but they also

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Speaker 1: clearly see the political case as being essential to former

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Speaker 1: President Trump maintaining his freedom. So his lawyer, John Laurrow

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Speaker 1: went on every single Sunday show that is called the

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Speaker 1: Full Ginsburg. You can go look at the history of

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Speaker 1: that to try to make the case on behalf of

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Speaker 1: his client. We've pulled some of the highlights of that.

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Speaker 1: Let's take a listen former.

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Speaker 2: Vice President Mike Pence.

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Speaker 4: He's taking an issue with your contention that President Trump

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Speaker 4: was simply asking him to pause the certification.

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Speaker 5: Let's take a look.

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Speaker 6: Are can people deserve to know their President Trump and

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Speaker 6: his advisors didn't just ask me to pause. They asked

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Speaker 6: me to reject votes, return votes, essentially to overturn the election.

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Speaker 4: What's your response, Mike Pence will be one of our

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Speaker 4: best witnesses a trial. I read his book very carefully,

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Speaker 4: and if he testifies consisted with his book, then President

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Speaker 4: Trump will be acquitted for these reasons. Number One, mister

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Speaker 4: Pence recognizes that John Eastman, who was giving legal advice,

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Speaker 4: was a renowned legal scholar. Number two, Vice President Pence

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Speaker 4: recognized that there were discrepancies and fraud in connection with

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Speaker 4: the election. He wanted it to be debated on Capitol Hill.

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Speaker 4: Mister Trump wanted it to be debated in the state legislatures.

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Speaker 4: But what make no mistake about it? Based on what

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Speaker 4: Vice President Pence will say, the government will never be

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Speaker 4: able to prove beyond a reasonable doubt that President Trump

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Speaker 4: had corrupt or criminal intent.

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Speaker 2: And that's what this case. A Mike pens has.

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Speaker 4: Said all this week is that what President Trump did

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Speaker 4: was wrong, and he knew it was wrong, and he

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Speaker 4: was pressing him to do something that was wrong.

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Speaker 2: Was also pretty clear he never.

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Speaker 5: Said it was criminal.

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Speaker 2: He said it was wrong, never said it was criminal.

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Speaker 5: There may be difference.

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Speaker 4: You may think that somebody is acting inappropriately under constitutional principles.

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Speaker 4: But mister Ans, who's a lawyer, never said to mister Trump,

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Speaker 4: I think what you're doing is criminal. The ultimate option

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Speaker 4: that mister Trump asked for. President Trump asked for at

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Speaker 4: the lip speech was merely to pause the voting for

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Speaker 4: a period of time to allow the state, not just

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Speaker 4: like many many days before that, he was insisting that

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Speaker 4: they would reject the votes.

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Speaker 6: First, is there any condition under which the former president

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Speaker 6: United States your client would accept a plead deal.

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Speaker 5: On these January sixth charges. No, will you seek a

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Speaker 5: motion to.

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Speaker 4: Dismiss absolutely one hundred percent when one hundred percent well

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Speaker 4: within the time permitted. This is what's called a Swiss

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Speaker 4: cheese indictment. It has so many holes that we're going

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Speaker 4: to be identifying and litigating a number of emotions that

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Speaker 4: we're going to file on First Amendment grounds on the

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Speaker 4: fact that President Trump is immune as president from being prosecuted.

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Speaker 4: President Trump believed, in his heart of hearts that he

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Speaker 4: had won that election, and as any American citizen, he

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Speaker 4: had a right to speak out under the First Amendment.

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Speaker 4: First of all, this protective order that's being suggested by

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Speaker 4: the Biden administration is an effort to keep from the

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Speaker 4: press important nonsensitive information that the Biden administration has that

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Speaker 4: may speak to.

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Speaker 5: This isn't by the Biden administration. This is independent counsel and.

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Speaker 4: No no here for this reason, No, the independent council,

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Speaker 4: it's not independent, it's special council has to get the

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Speaker 4: approval of Merrick Garland in order to go forward. When

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Speaker 4: it comes to political speech, you cannot only advocate for

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Speaker 4: a position, but you can take action. You can petition,

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Speaker 4: You can ask even your vice president to pause the

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Speaker 4: vote for your anton laws, which is what this indictment.

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Speaker 4: You have to understand what the First Amendment says and

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Speaker 4: what it stands for, and all of the examples in

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Speaker 4: this indictment our core political speech. Every single thing that

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Speaker 4: President Trump is being prosecuted for involved aspirational asks, asking

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Speaker 4: state legislatures, asking state governors, asking state electoral officials to

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Speaker 4: do the right thing. In fact, even asking Vice President

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Speaker 4: Pence was protected by free speech. And none of that

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Speaker 4: is illegal.

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Speaker 3: Co a lot there.

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Speaker 1: First of all, you know, just to recap a little

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Speaker 1: bit of what he said and on gets your reaction saga.

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Speaker 3: First of all, he says, this case is about.

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Speaker 1: If Trump had corrupt intent, and he also talks a

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Speaker 1: lot about the First Amendment. So he sees it as

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Speaker 1: being very pivotal that Jack Smith and his team be

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Speaker 1: able to prove that Trump either knew that what he

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Speaker 1: was saying was a pack a lized or else. Any

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Speaker 1: sort of reasonable person presented with all of the information

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Speaker 1: that he had and all of the advice he had

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Speaker 1: from you know, Bill Barr, to Mike Pence, to various lawyers,

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Speaker 1: would have come to the conclusion that what he was

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Speaker 1: saying was a pack of lies. And so that's one piece.

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Speaker 1: The piece about Pence is kind of interesting. He claims

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Speaker 1: that Mike Pence will end up being one of their

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Speaker 1: best witnesses on the stand. I find not a little

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Speaker 1: hard to believe, given that Pences at this point, you know,

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Speaker 1: he was kind of wafflely and a little wiggily about

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Speaker 1: what exactly he thought about January six. At this point,

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Speaker 1: he's made some pretty clear comments that what Trump did

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Speaker 1: was wrong. Pence himself sought out legal advice to figure

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Speaker 1: out if he was allowed to do that. He came

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Speaker 1: to the conclusion, based on what he was presented with,

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Speaker 1: that this was not something that you could do that,

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Speaker 1: it would be against the law, unconstitutional etca. So we'll

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Speaker 1: see if Pence ends up being a good witness for that.

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Speaker 1: And he mentions there also this protective order and there

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Speaker 1: have been some legal developments with regard to that that

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Speaker 1: we'll get to in just a minute. But you see

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Speaker 1: him out there really making the case, and to me,

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Speaker 1: the fact that he is on all five of these

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Speaker 1: shows trying to make the case to the American people

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Speaker 1: tells you they see it as much more critical to

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Speaker 1: sort of win hearts and minds and try to win

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Speaker 1: an election. They feel better about those odds than they

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Speaker 1: probably feel about their odds in the.

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Speaker 2: Corporate Well they probably should, considering we've got a DC judge,

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Speaker 2: a DC jury, and I guess we'll get to some

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Speaker 2: of that whenever it comes to the judge. I do

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Speaker 2: think it is still worth engaging a little bit with

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Speaker 2: the facts of what he presented. The most interesting one

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Speaker 2: to me is about the state of mind. And Bradley Moss,

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Speaker 2: on our debate which I encourage everybody to go and

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Speaker 2: to watch, pointed out that trying to prove a defendant

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Speaker 2: state of mind is a tip is a typical but

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Speaker 2: a difficult task often for prosecutors. That's part of the

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Speaker 2: reason why if you guys read the indictment, you can

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Speaker 2: actually see there's multiple times where Trump is presented with

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Speaker 2: a list of people who presented him with the facts

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Speaker 2: that he did lose the election in that way. Crystal

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Speaker 2: Mike Pence. I think what they're saying might be a

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Speaker 2: good witness is that Pence can testify that no, no, no,

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Speaker 2: he really did believe it whenever he was pressuring me.

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Speaker 2: The problem for Trump is that if they did in

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Speaker 2: fact or Pence can't testify when Trump said, quote, you

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Speaker 2: are too honest, then being too honest would imply that

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Speaker 2: you're going countervailing to the facts as he would know it.

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Speaker 2: And then second, really going and rejecting some of the

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Speaker 2: Sydney Powell claims in private before then embracing some of

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Speaker 2: them in public. So those would be two key instances

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Speaker 2: where the prosecutors might try and prove that he did

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Speaker 2: not in fact or he did not in fact believe

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Speaker 2: everything that he was saying. It is an interesting thing, though,

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Speaker 2: you know, to try and prove somebody's state of mind,

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Speaker 2: as it coincides with free speech protections. It's another reason

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Speaker 2: that they're saying, but overall, I think that your read

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Speaker 2: of the whole thing is correct, which is, look, they

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Speaker 2: don't think they're going to win this case. They're obviously

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Speaker 2: going to throw everything they got at it, but they're

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Speaker 2: going to try and throw every team to the American people.

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Speaker 2: And also, you know, look they don't have an un

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Speaker 2: they do have a decent case on appeal, very likely

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Speaker 2: considering that some of this is almost certainly going to

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Speaker 2: get adjudicated by the Supreme Court, so they're going to

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Speaker 2: lay that out there as well. But this is political.

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Speaker 2: Anything with the political official by definition is going to

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Speaker 2: fall into this realm. And I read it exactly the

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Speaker 2: same way you did.

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Speaker 1: Yeah, one interesting note on that piece about you know,

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Speaker 1: if this goes the Supreme Court or not. Some of

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Speaker 1: the pushback we didn't play it there from that lawyer,

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Speaker 1: but some of the conservative pushback that I've heard is,

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Speaker 1: you know, some of these charges, it's sort of untested.

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Speaker 1: This is a novel application of these laws, the civil

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Speaker 1: rights one in particular, people have been pointing to. But

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Speaker 1: even this idea of okay, you were a corruptly imp

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Speaker 1: acting government proceeding right, obstructing a government proceeding official proceeding,

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Speaker 1: that particular charge has been used against literally hundreds of

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Speaker 1: the January sixth rioters. So in a sense, even though

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Speaker 1: you know Trump's actions were not exactly the same as

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Speaker 1: people who were trespassing in the Capitol and doing whatever

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Speaker 1: those people did, you still have some sort of precedent

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Speaker 1: of using this charge with regards to obstructing the counting

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Speaker 1: of the electoral votes on January sixth. And out of

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Speaker 1: I think there are fifteen different judges who have handled

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Speaker 1: cases that involved this charge with regards to January six rioters,

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Speaker 1: and fourteen out of the fifteen found it to be

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Speaker 1: an appropriate charge.

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Speaker 3: It went up to a federal appealed court.

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Speaker 1: The appeals court agreed with the government's interpretation of this.

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Speaker 1: Now that of course is not the end of the

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Speaker 1: appeals process. That may end up with the Supreme Court.

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Speaker 1: So that sort of litigation and those questions are ongoing,

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Speaker 1: but at least some of these theories have been somewhat

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Speaker 1: tested in court at this time. So Trump himself, of

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Speaker 1: course not remaining quiet either on the campaign trail where

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Speaker 1: he's been railing against Jack Smith and calling him deranged

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Speaker 1: and whatnot, but also very much on truth social going

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Speaker 1: after basically everybody who is involved in this case.

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Speaker 3: God and put this up on the screen.

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Speaker 1: We've got a little sampling here, probably the most noteworthy one.

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Speaker 1: He put out this truth social which actually triggered showed

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Speaker 1: up in a court filing.

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Speaker 3: He says, if you.

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Speaker 1: Go after me, I'm coming after you. Another one says, crazy,

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Speaker 1: my political opponent has hit me with a barrage of

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Speaker 1: weak lawsuits, including DAAG and others, which require massive amounts

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Speaker 1: of time and money to djudicate, et cetera, et cetera.

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Speaker 1: Crooked Joe, go on to the next page. We've got

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Speaker 1: way more for you. Considering the fact that I had

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Speaker 1: to fly to a filthy, dirty, falling apart, very unsafe Washington,

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Speaker 1: d C. Today, and that I was then arrested by

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Speaker 1: my political opponent who's losing badly to me in the polls.

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Speaker 3: Krooked Joe Biden, it was a very good day.

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Speaker 1: There's no way I can get a fair trial with

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Speaker 1: the judge quote assigned to the ridiculous freedom of speech

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Speaker 1: fair elections case than the last one drained Jack Smith

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Speaker 1: and our highly partisan and very corrupt Department of Injustice

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Speaker 1: could have brought this Biden opponent case years ago, but

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Speaker 1: chose to wait and bring it right in the middle

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Speaker 1: of my election camping.

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Speaker 3: It's got a little bit of a point.

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Speaker 1: With that when I wish they would have acted a

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Speaker 1: little bit more quickly on this one. But anyway, that's

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Speaker 1: where we are. So he's clearly, you know, he's doing

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Speaker 1: his thing. He does doing what Trump does, going after

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Speaker 1: everybody's involved, Jack Smith, the judge, Biden, of course, et cetera,

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Speaker 1: et cetera. And it is having somewhat of an impact

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Speaker 1: in terms of how this case unfolds. So we've got

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Speaker 1: a little bit of kind of wrangling going on in

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Speaker 1: the legal world as they try to settle what are

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Speaker 1: the rules and the guidelines with regard to the discovery process,

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Speaker 1: and what's the timeline going to be one, are the

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Speaker 1: dates going to be said, et cetera. So gun and

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Speaker 1: put this up on the screen. There was a dispute

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Speaker 1: between government lawyers and Trump's lawyers about when they would

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Speaker 1: have to respond to this motion that was filed by

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Speaker 1: the government. The judge denied Trump's request for additional time

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Speaker 1: to respond to the DOJ motion for protective order. And

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Speaker 1: this all has to do again with the rules with

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Speaker 1: regards to discovery and who can have access to all

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Speaker 1: of those materials. The government wants to request a rule

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Speaker 1: barring Trump's lawyers from providing copies to Trump of discovery

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Speaker 1: materials deemed sensitive, and they cited one of these truth

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Speaker 1: social posts in their emotion to say listen, this guys

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Speaker 1: shouldn't have access to this stuff because just look at

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Speaker 1: how unhinged he is on social media.

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Speaker 2: Yeah, this fact reminds me of the last time whenever

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Speaker 2: he faced that problem, whenever he was attacking the judge.

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Speaker 2: But I think it's the same thing that we get

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Speaker 2: to Cristel, which is that he believes that the best

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Speaker 2: chance is to prosecute this in the court of public opinion.

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Speaker 2: He had that same issue with the Alvin bradcase and

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Speaker 2: some of the tweets that he had sent within that

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Speaker 2: which I know we're also cited there. Many of his

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Speaker 2: tweets also have come back to bite him in the court.

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Speaker 2: But politically, he has to be able to continue to

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Speaker 2: speak out on this to try and can not only

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Speaker 2: drive his fundraising operations, but he needs to make a

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Speaker 2: public case about whether whatever happens here in court, that

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Speaker 2: it doesn't actually matter or it doesn't impact like what

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Speaker 2: he's running on. So I think that just really connects

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Speaker 2: to it. Attacking the judge, attacking the jurors, attacking the pool.

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Speaker 2: All of that is just part of the political process, right,

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Speaker 2: because you're like, hey, this is illegitimate in its face,

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Speaker 2: before this thing even starts a most Republicans already believe that.

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Speaker 2: So now you have to try and target independent voters.

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Speaker 2: We have a decent amount of polling on this. You

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Speaker 2: and I were taking a look at around way people

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Speaker 2: feel about this. They both feel it's political and that

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Speaker 2: it's just so that's always fun.

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Speaker 3: Yeah, I mean I actually understand that. I feel the

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Speaker 3: same way.

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Speaker 2: There is a been diagram there where you're like, yeah,

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Speaker 2: I could see how someone gets there.

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Speaker 5: I see it.

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Speaker 1: Listen, Yeah, it's the Biden DOJ and it's Trump, Like,

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Speaker 1: how could it not be political on some level? And

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Speaker 1: at the same time, you can look at what he

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Speaker 1: did on January sixth, and certainly in the build up

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Speaker 1: to January sixth, and be like, this also was wrong.

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Speaker 1: So you know, you can hold both those thoughts in

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Speaker 1: your head, and I think that is where the majority

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Speaker 1: of the American people are. I mean, the Republicans look

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Speaker 1: seventy percent of them think that Trump won, like they

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Speaker 1: think this was all justified, which actually brings up what

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Speaker 1: I think is an interesting point that some in conservative

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Speaker 1: media have been pressing people on the Trump side of like, Okay,

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Speaker 1: so are you going to prove that are you going

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Speaker 1: to actually bring you know, the kraken this time and

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Speaker 1: prove that the election really was stolen, because then like

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Speaker 1: you're off the hook then and everything he did was

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Speaker 1: completely justified. And so that's something to keep in mind,

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Speaker 1: is if the election really was stolen, this is your

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Speaker 1: golden opportunity to present to the entire nation your evidence

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Speaker 1: that this election was unjust Something tells me they're not

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Speaker 1: going to be going in that particular direction. One last

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Speaker 1: piece about this, you know, the motions and the judge's

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Speaker 1: decision here put this up on the screen from CNN.

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Speaker 3: Why this is significant.

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Speaker 1: You know, I don't know that the details of how

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Speaker 1: the discovery process unfolds will end up being that critical,

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Speaker 1: but the fact that the judge did deny the Trump

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Speaker 1: team's motion to extend this deadline, I think tells you

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Speaker 1: one thing that maybe end up being quite significant, which

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Speaker 1: is she seems early indications are she wants to move

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Speaker 1: this case along.

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Speaker 3: She wants to move this trial along.

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Speaker 1: She's not going to put up with a lot of

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Speaker 1: delaying and a lot of filibustering from the Trump team,

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Speaker 1: which you know, their goal very much is to draw

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Speaker 1: this out as much as possible so that they can

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Speaker 1: potentially delay this and any sort of result from this

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Speaker 1: trial until after election day.

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Speaker 3: She seems to want to keep things moving.

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Speaker 2: Well, we should keep it moving, as you and I

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Speaker 2: have said, you know, if anything, the date needs to

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Speaker 2: be set literally as soon as humanly possible, and in fact,

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Speaker 2: in some cases, I know there were presented three options

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Speaker 2: about when the next phase of the trial would begin,

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Speaker 2: and they pick the latest one. I'm just like, we

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Speaker 2: have to get this resolved, yeah, for the American people.

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Speaker 2: And you know, I'm not really sure it's too Trump's

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Speaker 2: benefit actually to keep this thing dragged out. If anything,

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Speaker 2: if you are going to get convicted or whatever, you

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Speaker 2: won't kind of want that baked in from the beginning.

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Speaker 2: It would be the best thing that ever happened to

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Speaker 2: him from a primary perspective. But it's also interesting in

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Speaker 2: terms of political point of view, he does seem to

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Speaker 2: be thinking of this as truly clinched just I think

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Speaker 2: it was yesterday his super pack released a first ad,

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Speaker 2: not attacking Ron DeSantis, just going after Joe Biden, which

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Speaker 2: is one of those moves where you only do whenever

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Speaker 2: you no longer think you have to run against somebody.

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Speaker 2: So yeah, I mean, lots of interesting little signals.

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Speaker 3: Don't know that he's really wrong.

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Speaker 2: I think he's right.

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Speaker 1: I think he's right, and we are now fully We

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Speaker 1: showed you the calendar last week of all the trial dates,

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Speaker 1: and this is before we even haven't had the Georgia

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Speaker 1: Fulton County. You know that one come back, which is

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Speaker 1: probably going to be additional charges for Trump. Like this

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Speaker 1: whole primary season and the general election season is going

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Speaker 1: to be dominated by Trump in court. This motion, that motion,

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Speaker 1: new indictment, new details, new discovery. I mean, that's that's

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Speaker 1: what we're looking at. That's what this election is gonna

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Speaker 1: is going to be about. That's what is going to

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Speaker 1: turn on. So it's not a surprise to me that

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Speaker 1: he sort of feels like, all right, the Republican nomination,

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Speaker 1: even this far out, is all but wrapped up, wrapped up,

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Speaker 1: And my bigger issue is getting past Joe Biden and

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Speaker 1: trying to push these trial dates off far enough so

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Speaker 1: that I don't end up having a campaign from present.

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Speaker 2: Really sad, pathetic state of the country, but that's who

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Speaker 2: we are, that's where we are, America. Twenty twenty three.

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Speaker 2: Let's go to Ukraine. There was some fascinating new polling

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Speaker 2: that has come out on Ukraine in the first major

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Speaker 2: sign that Americans in specifically independents and Republican voters, but

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Speaker 2: an overall majority, are beginning to turn against increased aid

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Speaker 2: to Ukraine. So we made some custom graphics here to

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Speaker 2: try and break everything down. Let's go and put this

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Speaker 2: up there on the screen. This is the first question,

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Speaker 2: should the US authorize additional funding to Ukraine? Yes? Forty

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Speaker 2: four percent, No, fifty five percent. That's the first time

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Speaker 2: actually that we've seen that number. This is actually really interesting,

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Speaker 2: and I want to keep this up here for a

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Speaker 2: little while. What type of assistance should the US provide

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Speaker 2: to Ukraine? Sixty three percent say intelligence gathering, fifty three

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Speaker 2: percent say military training, But then the majority drops off

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Speaker 2: providing weapons forty three percent, and is stunning, only seventeen

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Speaker 2: percent say participation in military operations. And I've been yearning

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Speaker 2: for something like this for a long time. Crystal because

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Speaker 2: one of the way that the Ukraine hawks will try

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Speaker 2: and hijack the debate. But well, the vast majority of

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Speaker 2: Americans want to support Ukraine. I'm like, yeah, but to

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Speaker 2: what extent and how like intelligence gathering? Okay, sure, you know,

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Speaker 2: even that gets a little sketchy whenever we're providing military

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Speaker 2: targets inside of Russia. But that's a whole other conversation. Yeah,

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Speaker 2: as you start to segregate it down anything that involves

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Speaker 2: like actual participation in kinetic events, people are like, not

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Speaker 2: only no, but hell no. And then in terms of

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Speaker 2: even supporting the overall war effort with actual like weapons

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Speaker 2: and increased funding. Their Americans are really beginning to turn

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Speaker 2: on that. So let's go to the next one. We

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Speaker 2: have the partisan breakdown here. This is actually really interesting.

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Speaker 2: We're talking about it before the show. Democrats on further

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Speaker 2: support for Ukraine, support for additional funding super majority nearly

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Speaker 2: sixty two percent. The US should do more, sixty one

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Speaker 2: percent go to the Republicans here. So then when you

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Speaker 2: see Republicans on further support for Ukraine, vast majority seventy

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Speaker 2: one percent should not authorize funding. US has done enough

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Speaker 2: sixty percent. But then we go to the next one,

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Speaker 2: and this is where things are really odd. I worry

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Speaker 2: that this war will continue without resolution. Democrats at eighty

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Speaker 2: two percent, and then actually Republicans and Independence at seventy

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Speaker 2: three and seventy five, respectively. So Democrats are worried that

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Speaker 2: the war will continue without resolution, but are also basically

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Speaker 2: united in wanting to actually authorize even more aid for

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Speaker 2: the war in Ukraine. So politically, people are kind of

438
00:20:34,960 --> 00:20:36,760
Speaker 2: all over the map. Democrats are worried, but they want

439
00:20:36,760 --> 00:20:40,479
Speaker 2: to send more weapons. But the big top line figure

440
00:20:41,280 --> 00:20:47,000
Speaker 2: Independence Republicans overall majority turn against increased actual military aid

441
00:20:47,000 --> 00:20:48,960
Speaker 2: to Ukraine, and that flies in the face of what

442
00:20:48,960 --> 00:20:52,480
Speaker 2: the administration is doing. Just two weeks ago, Biden promised

443
00:20:52,480 --> 00:20:55,600
Speaker 2: actually more aid to Ukraine because the one hundred billion

444
00:20:55,680 --> 00:20:58,560
Speaker 2: or so apparently has not been enough. He just said, quote,

445
00:20:58,600 --> 00:21:00,760
Speaker 2: we will not waiver. This was the NATO summit. We

446
00:21:00,800 --> 00:21:03,160
Speaker 2: are going to help Ukraine build a strong capable defense

447
00:21:03,200 --> 00:21:04,960
Speaker 2: across land, air, and sea, which will be the force

448
00:21:05,000 --> 00:21:08,320
Speaker 2: stability in the region and deccur against any and all threats.

449
00:21:08,720 --> 00:21:10,879
Speaker 2: I think the American people are beginning to come to

450
00:21:11,000 --> 00:21:13,560
Speaker 2: terms with what the reality of this type of rhetoric

451
00:21:13,600 --> 00:21:17,000
Speaker 2: looks like one hundred billion dollars is more than we

452
00:21:17,040 --> 00:21:20,480
Speaker 2: gave the Afghan national security forces over twenty years, and

453
00:21:20,800 --> 00:21:22,600
Speaker 2: I think we all know how that worked out. We've

454
00:21:22,600 --> 00:21:25,959
Speaker 2: brought everybody stories here about how even the Ukrainian military,

455
00:21:26,200 --> 00:21:29,280
Speaker 2: which has been trained directly by the West, provided with weapons,

456
00:21:29,320 --> 00:21:31,359
Speaker 2: has really faltered. They've had to revert to much more

457
00:21:31,640 --> 00:21:34,119
Speaker 2: primitive tactics. And actually, just this morning, Krystals, I was

458
00:21:34,160 --> 00:21:36,200
Speaker 2: reading a piece about the Ukraine. I talk a lot

459
00:21:36,240 --> 00:21:37,720
Speaker 2: here about one of the reasons why it's going to

460
00:21:37,720 --> 00:21:39,360
Speaker 2: be so difficult for Ukraine. I always say they don't

461
00:21:39,359 --> 00:21:42,240
Speaker 2: have any industrial base. Well, they actually confirmed it. In

462
00:21:42,320 --> 00:21:46,000
Speaker 2: the year before the Russian invasion of Ukraine, Ukraine did

463
00:21:46,000 --> 00:21:50,359
Speaker 2: not did not produce one single artillery shell. Today on

464
00:21:50,400 --> 00:21:53,960
Speaker 2: the front line, they are using ninety thousand shells per month.

465
00:21:54,240 --> 00:21:57,040
Speaker 2: To put that in perspective, the United States, with the

466
00:21:57,080 --> 00:22:00,880
Speaker 2: full power of its industrial base, produces t four thousand

467
00:22:00,880 --> 00:22:03,479
Speaker 2: shells per month, which is actually ten thousand more than

468
00:22:03,520 --> 00:22:06,880
Speaker 2: we were producing in twenty twenty two, which means that

469
00:22:06,960 --> 00:22:10,200
Speaker 2: the overall number of shells the Ukraine consumes is some

470
00:22:10,320 --> 00:22:13,520
Speaker 2: four to five times higher than the entire United States

471
00:22:13,560 --> 00:22:17,320
Speaker 2: is able to produce per month. The Ukrainian ammunition chief

472
00:22:17,520 --> 00:22:19,880
Speaker 2: even admits there is no way we will be able

473
00:22:19,880 --> 00:22:23,480
Speaker 2: to produce that amount of shells quote four years, which

474
00:22:23,520 --> 00:22:27,520
Speaker 2: shows you that absent charity from all of the West,

475
00:22:27,920 --> 00:22:33,160
Speaker 2: their military and war effort collapses effectively overnight. And Congress

476
00:22:33,160 --> 00:22:35,280
Speaker 2: and the American people are at a point where like,

477
00:22:35,359 --> 00:22:37,800
Speaker 2: we have done enough here. And I know this can

478
00:22:37,840 --> 00:22:40,560
Speaker 2: sound very difficult, but people need to understand, like the

479
00:22:40,720 --> 00:22:44,040
Speaker 2: level of money that would be required to basically convert

480
00:22:44,119 --> 00:22:48,359
Speaker 2: American industry to support the war in Ukraine would be astronomical,

481
00:22:48,440 --> 00:22:51,680
Speaker 2: and it would be doing so for something which fundamentally

482
00:22:51,800 --> 00:22:54,480
Speaker 2: is not of an actual core interest to the American people.

483
00:22:54,520 --> 00:22:57,520
Speaker 2: So reality, I think is really beginning to take its toll,

484
00:22:57,840 --> 00:23:01,000
Speaker 2: both on the Ukrainian war effort sometime soon in the future,

485
00:23:01,200 --> 00:23:03,120
Speaker 2: but really in the minds of people who are looking

486
00:23:03,119 --> 00:23:05,080
Speaker 2: at this and being like, look, it's been nineteen months here,

487
00:23:05,119 --> 00:23:06,560
Speaker 2: you know, like we got to bring things to a

488
00:23:06,600 --> 00:23:07,400
Speaker 2: close at some point.

489
00:23:07,440 --> 00:23:10,160
Speaker 1: I think it's remarkable, honestly that you find these numbers

490
00:23:10,200 --> 00:23:12,600
Speaker 1: where you now have a majority opposed to further aid,

491
00:23:13,040 --> 00:23:15,520
Speaker 1: in spite of the fact that you have a really

492
00:23:15,680 --> 00:23:19,280
Speaker 1: very consistent media narrative in favor of AID, always in

493
00:23:19,320 --> 00:23:21,959
Speaker 1: favor of more hawkish actions. So I do think it's

494
00:23:22,200 --> 00:23:25,960
Speaker 1: always remarkable when you have American people able to diverge

495
00:23:26,000 --> 00:23:29,360
Speaker 1: with the consent that is attempting to be manufactured very

496
00:23:29,400 --> 00:23:33,480
Speaker 1: heavily throughout mainstream outlets. So that's number one. Number two.

497
00:23:33,640 --> 00:23:37,119
Speaker 1: The Democratic position here, it could seem a little perplexing

498
00:23:37,200 --> 00:23:40,560
Speaker 1: on its face, where on the one hand they're like, yes, absolutely,

499
00:23:40,680 --> 00:23:42,399
Speaker 1: more AID. On the other hand, they're like, you know,

500
00:23:42,440 --> 00:23:44,719
Speaker 1: I'm pretty worried this is just going to continue forever.

501
00:23:45,320 --> 00:23:47,400
Speaker 1: So on the one hand, you would think like, well,

502
00:23:47,480 --> 00:23:50,360
Speaker 1: maybe you should consider that we should take a different approach,

503
00:23:50,440 --> 00:23:52,919
Speaker 1: maybe there's a different you know, tactic, since this seems

504
00:23:52,920 --> 00:23:55,399
Speaker 1: to be just continuing to draw off this conflict. But

505
00:23:56,480 --> 00:23:59,280
Speaker 1: I think Democrats more than any other group, they really

506
00:23:59,280 --> 00:24:02,720
Speaker 1: do buy whatever the mainstream media line is, by and

507
00:24:02,800 --> 00:24:04,679
Speaker 1: large line and singer, I mean, they have the highest

508
00:24:04,720 --> 00:24:08,200
Speaker 1: levels of trust in mainstream media outlets. And that's basically

509
00:24:08,240 --> 00:24:11,560
Speaker 1: the messaging that you get from corporate press, which is

510
00:24:11,600 --> 00:24:14,359
Speaker 1: that you know, the way to bring this resolution clothes

511
00:24:14,440 --> 00:24:17,320
Speaker 1: that the correct action here is just to continue to

512
00:24:17,359 --> 00:24:20,720
Speaker 1: support them and maybe they're going to win and take

513
00:24:20,760 --> 00:24:23,119
Speaker 1: back all the territory, and that's our best shot, and

514
00:24:23,160 --> 00:24:24,720
Speaker 1: so that's what we should do. And of course there's

515
00:24:24,760 --> 00:24:26,879
Speaker 1: also a lot of parts and loyalty of just all right,

516
00:24:26,920 --> 00:24:29,080
Speaker 1: this is what Joe Biden says the right course of

517
00:24:29,119 --> 00:24:31,080
Speaker 1: action is. So we just we trust our guys, so

518
00:24:31,119 --> 00:24:32,840
Speaker 1: we believe that this is the best way to bring

519
00:24:32,880 --> 00:24:34,960
Speaker 1: things to a close, even though it's hard to see

520
00:24:34,960 --> 00:24:37,439
Speaker 1: how that's really going to happen. The other thing to

521
00:24:37,520 --> 00:24:42,879
Speaker 1: note is, you know, Democrats are fairly unified behind the

522
00:24:42,920 --> 00:24:45,560
Speaker 1: Biden position. And I'm not just talking about elite Democrats

523
00:24:45,600 --> 00:24:48,240
Speaker 1: who are one hundred percent unified behind the Biden position,

524
00:24:48,320 --> 00:24:51,960
Speaker 1: but the Democratic base fairly unified behind the Biden position.

525
00:24:52,600 --> 00:24:55,600
Speaker 1: The Republicans have a pretty significant divide on their hands

526
00:24:55,640 --> 00:24:59,760
Speaker 1: between what Republican elected elites and even many of their

527
00:25:00,000 --> 00:25:03,239
Speaker 1: sindential contenders, and certainly the donor base the policy that

528
00:25:03,359 --> 00:25:06,879
Speaker 1: they support, versus the policy that now quite a significant

529
00:25:06,920 --> 00:25:09,960
Speaker 1: majority of the Republican base supports. And this is again

530
00:25:10,040 --> 00:25:13,360
Speaker 1: where you know Donald Trump, who just positions himself wherever

531
00:25:13,400 --> 00:25:16,879
Speaker 1: he thinks it's going to be politically advantageous. On most issues,

532
00:25:16,880 --> 00:25:19,000
Speaker 1: he doesn't really have a sort of like core belief.

533
00:25:19,040 --> 00:25:21,040
Speaker 1: He just goes where his gut tells him is the

534
00:25:21,119 --> 00:25:24,880
Speaker 1: right place to be based on his political needs and interests.

535
00:25:25,640 --> 00:25:29,320
Speaker 1: You know, he really identified this split very early, and

536
00:25:29,760 --> 00:25:32,160
Speaker 1: you know, very early in the primary season. Previously he'd

537
00:25:32,200 --> 00:25:35,440
Speaker 1: sounded these extremely hawkish notes, being you know, to the

538
00:25:35,600 --> 00:25:37,320
Speaker 1: sort of to the right and to the more hawkish

539
00:25:37,400 --> 00:25:40,040
Speaker 1: side of Biden. He's gone back and forth and wavered

540
00:25:40,119 --> 00:25:42,440
Speaker 1: even within the primary. Occasionally he goes back to that

541
00:25:42,560 --> 00:25:46,600
Speaker 1: kind of rhetoric. But by and large, he intuited that

542
00:25:46,680 --> 00:25:49,399
Speaker 1: there was this divide between where the Republican base was

543
00:25:49,480 --> 00:25:52,800
Speaker 1: and where Republican elites were, and also intuited that that

544
00:25:52,800 --> 00:25:55,720
Speaker 1: divide would continue to open up, and he positioned himself

545
00:25:55,760 --> 00:25:58,520
Speaker 1: once again in the place that makes the most political

546
00:25:58,600 --> 00:25:59,160
Speaker 1: sense for him.

547
00:25:59,240 --> 00:26:01,240
Speaker 2: Yeah, I mean, he he took Look, he actually did

548
00:26:01,280 --> 00:26:03,080
Speaker 2: the same thing on Iraq. If I remember, there was

549
00:26:03,080 --> 00:26:04,840
Speaker 2: that whole thing. It was like, well he said he

550
00:26:04,920 --> 00:26:07,520
Speaker 2: supported it on Howard Stern in two thousand and two,

551
00:26:07,760 --> 00:26:09,960
Speaker 2: but no one can deny that he actually did turn

552
00:26:10,000 --> 00:26:13,159
Speaker 2: against Iraq very early, like two thousand and actually very early,

553
00:26:13,440 --> 00:26:16,000
Speaker 2: I think in two thousand and four, and just like

554
00:26:16,040 --> 00:26:18,600
Speaker 2: Barack Obama, who genuinely was against the war from the

555
00:26:18,680 --> 00:26:21,600
Speaker 2: very beginning. That was not a popular position at the time,

556
00:26:21,640 --> 00:26:24,600
Speaker 2: but it ended up being a political savior in the

557
00:26:24,640 --> 00:26:27,000
Speaker 2: long run. I also bet on that frankly, you know,

558
00:26:27,040 --> 00:26:29,160
Speaker 2: in the future. I was like, listen, you guys, can

559
00:26:29,240 --> 00:26:31,359
Speaker 2: you know, put as many Ukraine flags in bio and

560
00:26:31,400 --> 00:26:33,320
Speaker 2: out front of your house as long as you want.

561
00:26:33,359 --> 00:26:35,680
Speaker 2: But great power conflict in a World War One style

562
00:26:35,720 --> 00:26:39,000
Speaker 2: one always ends up basically catching up with reality and

563
00:26:39,240 --> 00:26:42,320
Speaker 2: that's basically where we find ourselves right now, which you know,

564
00:26:42,560 --> 00:26:45,359
Speaker 2: it's I think it's sad because it's a terrible tragedy.

565
00:26:45,640 --> 00:26:49,680
Speaker 2: Everything that we've been reading about Ukrainian casualties is a nightmare.

566
00:26:49,800 --> 00:26:53,080
Speaker 2: I mean, there were not releasing their casualty figures, but

567
00:26:53,320 --> 00:26:56,480
Speaker 2: even they are fully acknowledging that it is a very

568
00:26:56,520 --> 00:26:59,720
Speaker 2: heavy loss. You know, inside Ukraine, actually we're not hearing

569
00:26:59,760 --> 00:27:02,479
Speaker 2: every thing about what's happening. There have been very viral

570
00:27:02,560 --> 00:27:06,560
Speaker 2: blog post crystal of Ukrainian military bloggers kind of reflecting

571
00:27:06,600 --> 00:27:08,800
Speaker 2: the sentiments of the rank and file, who said that

572
00:27:08,800 --> 00:27:11,639
Speaker 2: their commanders are throwing them into the grinder with absolutely

573
00:27:11,640 --> 00:27:13,920
Speaker 2: no concern for their lives and these things are going

574
00:27:14,040 --> 00:27:17,280
Speaker 2: very viral. So I mean inside Ukraine, I mean think

575
00:27:17,280 --> 00:27:20,119
Speaker 2: about it, like when you've got ninety thousand people in

576
00:27:20,200 --> 00:27:23,959
Speaker 2: a pretty small country, you know, against relative to the US,

577
00:27:24,320 --> 00:27:27,640
Speaker 2: where who have lost limbs. At that point, you all

578
00:27:27,720 --> 00:27:30,199
Speaker 2: know somebody who's been wounded on the front line. You

579
00:27:30,280 --> 00:27:33,200
Speaker 2: may probably be connected to someone who has lost their

580
00:27:33,240 --> 00:27:36,040
Speaker 2: life and has been killed. Things start to get very

581
00:27:36,080 --> 00:27:38,879
Speaker 2: real once you get to that level of death and

582
00:27:38,920 --> 00:27:42,960
Speaker 2: of wounded in the population. This happened. I keep coming

583
00:27:43,000 --> 00:27:45,600
Speaker 2: back to the First World War. It's a very instructive thing.

584
00:27:45,760 --> 00:27:48,919
Speaker 2: I mean, we had almost a near revolution in France

585
00:27:49,280 --> 00:27:52,280
Speaker 2: after millions of Frenchmen were wounded or killed on the

586
00:27:52,320 --> 00:27:54,600
Speaker 2: front line, where they effectively demanded they're like, look, we

587
00:27:54,680 --> 00:27:57,320
Speaker 2: got to bring this, we got to completely change tactics

588
00:27:57,359 --> 00:28:00,000
Speaker 2: and all that. And it's also the revolution in Night

589
00:28:00,119 --> 00:28:02,600
Speaker 2: ten eighteen in Germany, which was really like a ground

590
00:28:02,680 --> 00:28:04,880
Speaker 2: up revolution against the conditions imposed on by the war,

591
00:28:04,920 --> 00:28:08,080
Speaker 2: which brought down the entire Kaiser regime. So look, you know,

592
00:28:08,080 --> 00:28:09,800
Speaker 2: if you let these things go on long enough, who

593
00:28:09,840 --> 00:28:13,119
Speaker 2: the hell knows what's going to happen. Russian revolution also,

594
00:28:13,160 --> 00:28:15,560
Speaker 2: of course, and I would say like let's avoid that

595
00:28:15,600 --> 00:28:18,280
Speaker 2: scenario as much as possible, because it's not like everything

596
00:28:18,320 --> 00:28:19,120
Speaker 2: worked out for the better.

597
00:28:19,320 --> 00:28:21,800
Speaker 3: Yeah when it happened, Yeah, certainly, there we go.

598
00:28:21,840 --> 00:28:25,439
Speaker 2: All right, let's go to woke love having that. What

599
00:28:25,480 --> 00:28:28,280
Speaker 2: does it even mean? We're not the ones who are

600
00:28:28,320 --> 00:28:31,320
Speaker 2: saying that. Trump, as we just said in our last one,

601
00:28:31,640 --> 00:28:35,640
Speaker 2: is some sort of political Cassandra always able to identify

602
00:28:35,800 --> 00:28:39,040
Speaker 2: Elane calling out Ron DeSantis just months ago and some

603
00:28:39,160 --> 00:28:42,600
Speaker 2: other Republican politicians for always talking about woke and he

604
00:28:42,600 --> 00:28:44,760
Speaker 2: doesn't even know what they mean. Here's what he said,

605
00:28:45,040 --> 00:28:45,800
Speaker 2: it's gotten sick.

606
00:28:45,840 --> 00:28:48,280
Speaker 5: And I don't like the term woke because I hear woke, woke, woke.

607
00:28:48,320 --> 00:28:49,640
Speaker 3: You know, it's like just a term that use.

608
00:28:49,680 --> 00:28:51,080
Speaker 2: Half the people can't even define it.

609
00:28:51,080 --> 00:28:51,880
Speaker 1: They don't know what it is.

610
00:28:52,320 --> 00:28:54,800
Speaker 2: So funnily enough, Trump actually did use the term woke

611
00:28:54,880 --> 00:28:57,360
Speaker 2: in a truth just yesterday. But well at that slide

612
00:28:57,880 --> 00:29:00,440
Speaker 2: on a political level, though, it seems yea, he might

613
00:29:00,480 --> 00:29:02,080
Speaker 2: be onto something. Let's go and put this up there

614
00:29:02,120 --> 00:29:03,520
Speaker 2: on the screen. This is the same thing that you

615
00:29:03,600 --> 00:29:06,520
Speaker 2: and I identified Crystal as well, but it comes from

616
00:29:06,640 --> 00:29:11,200
Speaker 2: inside several crosstabs of some new polls around whether Republicans

617
00:29:11,280 --> 00:29:16,840
Speaker 2: are beginning to turn on quote wokeness and what exactly

618
00:29:17,160 --> 00:29:20,120
Speaker 2: that means to the average voter, and how that they

619
00:29:20,240 --> 00:29:23,440
Speaker 2: might how they might actually turn against it. One of

620
00:29:23,480 --> 00:29:26,800
Speaker 2: them is actually a quote from an actual voter buried

621
00:29:26,800 --> 00:29:29,200
Speaker 2: inside this piece. Can we put that police up there

622
00:29:29,240 --> 00:29:33,160
Speaker 2: on the screen that really does identify what she was

623
00:29:33,200 --> 00:29:36,640
Speaker 2: talking about. She like, for example, she says, quote, if

624
00:29:36,880 --> 00:29:39,200
Speaker 2: if you don't like what bud Light did, don't buy it.

625
00:29:39,560 --> 00:29:41,719
Speaker 2: Then she says, quote, if you don't like what Disney

626
00:29:41,800 --> 00:29:45,320
Speaker 2: is doing, don't go. That's not the government's responsibility. But

627
00:29:45,400 --> 00:29:48,800
Speaker 2: then there was even one who talked about book banning,

628
00:29:49,280 --> 00:29:53,000
Speaker 2: and what they said there, Crystal, was that they both

629
00:29:53,520 --> 00:29:57,200
Speaker 2: believed what was it, COVID is a Chinese lab okay,

630
00:29:57,200 --> 00:29:57,880
Speaker 2: do you have a full one in?

631
00:29:58,160 --> 00:30:01,400
Speaker 1: So she she believes that COVID was not just escape

632
00:30:01,400 --> 00:30:04,680
Speaker 1: from a lot, but an intentional bioweapon. So she's all

633
00:30:04,720 --> 00:30:07,840
Speaker 1: in on that conspiracy theory. But then in terms of

634
00:30:08,040 --> 00:30:10,840
Speaker 1: book bands, she says that you know it's gone too far.

635
00:30:11,720 --> 00:30:14,320
Speaker 1: That she lives in Iowa and there's a school district

636
00:30:14,440 --> 00:30:16,320
Speaker 1: that's close to her, and she says, this is like

637
00:30:16,400 --> 00:30:17,160
Speaker 1: burning books.

638
00:30:17,320 --> 00:30:18,960
Speaker 3: So voters are.

639
00:30:18,840 --> 00:30:20,000
Speaker 2: Complixing you gotta love them.

640
00:30:20,440 --> 00:30:22,719
Speaker 3: The average voter is very complicated.

641
00:30:22,480 --> 00:30:24,160
Speaker 2: And but she loves Trump. So it's one of those

642
00:30:24,240 --> 00:30:26,280
Speaker 2: where I think that when you put it all together,

643
00:30:26,760 --> 00:30:29,000
Speaker 2: what we find is that people have very different and

644
00:30:29,120 --> 00:30:32,240
Speaker 2: varied views as to what you would believe originally from

645
00:30:32,360 --> 00:30:33,920
Speaker 2: the media. So let's go and put some of these

646
00:30:34,240 --> 00:30:36,840
Speaker 2: charts that we have up there on the screen. As

647
00:30:36,840 --> 00:30:39,920
Speaker 2: a Republican, I would rather support a candidate who quote

648
00:30:40,040 --> 00:30:43,760
Speaker 2: will fight woke left corporations only thirty eight percent will

649
00:30:43,880 --> 00:30:48,560
Speaker 2: leave corporations to support whichever they choose fifty two percent. Okay, interesting,

650
00:30:48,800 --> 00:30:50,800
Speaker 2: Let's go to the next one there, please. I am

651
00:30:50,800 --> 00:30:54,360
Speaker 2: a Republican who quote supports gay marriage fifty percent, opposes

652
00:30:54,400 --> 00:30:57,240
Speaker 2: gay marriage forty one percent, and then the next one there.

653
00:30:57,520 --> 00:30:59,920
Speaker 2: What we can find is what is more important for

654
00:31:00,120 --> 00:31:05,480
Speaker 2: Republican candidate quote protecting individual freedoms fifty one percent, guarding

655
00:31:05,720 --> 00:31:09,520
Speaker 2: traditional values. So I think when you put those together,

656
00:31:10,240 --> 00:31:11,840
Speaker 2: I'm not going to toot my own horn, but some

657
00:31:11,880 --> 00:31:14,920
Speaker 2: of us have been talking about a phenomenon called barstool

658
00:31:14,920 --> 00:31:20,800
Speaker 2: conservatism for a while which specifically emphasizes like individual libertarianism

659
00:31:20,880 --> 00:31:24,480
Speaker 2: and a much more like secular country and environment, which

660
00:31:24,520 --> 00:31:29,280
Speaker 2: is more opposed to political correctness and to social transgenderism

661
00:31:29,320 --> 00:31:32,640
Speaker 2: and CRT, then much more so they are than what

662
00:31:32,720 --> 00:31:35,560
Speaker 2: a traditional nine two thousand and four Republican kind of

663
00:31:35,600 --> 00:31:38,080
Speaker 2: would be. And the more actually that you conflate those

664
00:31:38,080 --> 00:31:40,400
Speaker 2: two things, the less popular that they are. But I

665
00:31:40,400 --> 00:31:42,320
Speaker 2: thought it was very interesting to kind of see this

666
00:31:42,760 --> 00:31:48,120
Speaker 2: very kind of libertarian bent become the prevailing attitude amongst

667
00:31:48,120 --> 00:31:51,480
Speaker 2: the primary voter as a Republican, not just amongst the

668
00:31:51,480 --> 00:31:54,760
Speaker 2: individual electorate, but that's overall indicative of a lot of

669
00:31:54,760 --> 00:31:55,400
Speaker 2: social trends.

670
00:31:55,560 --> 00:31:58,400
Speaker 1: It reminds me of the part of the Megan Kelly

671
00:31:58,560 --> 00:32:02,160
Speaker 1: Rhonda Santis interty we played where she was challenging him

672
00:32:02,200 --> 00:32:04,800
Speaker 1: on this exact same thing because he's threatening obviously he's

673
00:32:04,840 --> 00:32:07,920
Speaker 1: already embroiled in legal conflict with Disney, but then he's

674
00:32:07,920 --> 00:32:11,840
Speaker 1: also threatening legal action against Budweiser because of their use

675
00:32:11,880 --> 00:32:14,360
Speaker 1: of this transgender influencer. And he's like, oh, well, there

676
00:32:14,400 --> 00:32:17,640
Speaker 1: stock went down and that hurt our pension hoolders, and

677
00:32:17,720 --> 00:32:20,560
Speaker 1: was like, yeah, but you supported the boycotts.

678
00:32:20,000 --> 00:32:21,800
Speaker 3: So aren't you kind of like part of that stock

679
00:32:21,800 --> 00:32:22,240
Speaker 3: going down?

680
00:32:22,280 --> 00:32:26,320
Speaker 1: So she was really highlighting this divide within the Republican

681
00:32:26,320 --> 00:32:29,840
Speaker 1: Party and even more stark to me is they gave

682
00:32:30,000 --> 00:32:34,080
Speaker 1: voters in this poll two different flavors of candidate, one

683
00:32:34,120 --> 00:32:36,880
Speaker 1: that sounds more like the issues that Trump emphasizes, and

684
00:32:36,920 --> 00:32:39,840
Speaker 1: one that sounds more like the issues that DeSantis emphasizes.

685
00:32:40,200 --> 00:32:42,120
Speaker 1: So they say, when presented with a choice between two

686
00:32:42,200 --> 00:32:47,280
Speaker 1: hypothetical Republican candidates, only twenty four percent of national Republican

687
00:32:47,320 --> 00:32:51,000
Speaker 1: voters opted for a candidate who focuses on defeating radical

688
00:32:51,080 --> 00:32:54,880
Speaker 1: woke ideology in our schools, media, and culture over a

689
00:32:54,920 --> 00:32:57,880
Speaker 1: candidate who focuses on restoring law and order in our

690
00:32:57,920 --> 00:33:01,160
Speaker 1: streets and at the border. So, now does Trump dabble

691
00:33:01,200 --> 00:33:04,080
Speaker 1: in some of this like woke anti woke talk as well? Yeah,

692
00:33:04,120 --> 00:33:06,000
Speaker 1: it's as Sacer just pointed out, and he's out truth

693
00:33:06,080 --> 00:33:08,360
Speaker 1: and about it this morning. But in terms of the

694
00:33:08,400 --> 00:33:10,880
Speaker 1: central focus of his campaign, you would say, it's more

695
00:33:10,920 --> 00:33:12,000
Speaker 1: about the border.

696
00:33:12,000 --> 00:33:13,400
Speaker 3: It's more about law and order.

697
00:33:13,440 --> 00:33:15,560
Speaker 1: That's always been sort of like his man driver since

698
00:33:15,600 --> 00:33:19,200
Speaker 1: twenty sixteen, he's been leaning into that particular line of

699
00:33:19,560 --> 00:33:22,800
Speaker 1: policy attack. Whereas DeSantis, I mean, he threw all in

700
00:33:23,120 --> 00:33:27,520
Speaker 1: on the woke thing. I kind of understand why he

701
00:33:27,600 --> 00:33:30,480
Speaker 1: did it, even though it obviously has ended up being

702
00:33:30,560 --> 00:33:34,480
Speaker 1: a poor choice because the Republican Party in a lot

703
00:33:34,480 --> 00:33:38,080
Speaker 1: of ways, especially the base, is divided along certain issues,

704
00:33:38,120 --> 00:33:42,000
Speaker 1: certain economic issues, Ukraine War, you know, even in terms

705
00:33:42,000 --> 00:33:45,840
Speaker 1: of like style and affect. The coalition that Ron DeSantis

706
00:33:45,880 --> 00:33:48,440
Speaker 1: is trying to pull together is, in fairness, I think,

707
00:33:48,440 --> 00:33:52,320
Speaker 1: a very difficult coalition to pull together. It includes people

708
00:33:52,360 --> 00:33:55,040
Speaker 1: who you know, really despise Trump at this point and

709
00:33:55,040 --> 00:33:57,280
Speaker 1: don't want anything to do with him, and he also

710
00:33:57,400 --> 00:33:59,560
Speaker 1: has to try to win over some people who still

711
00:33:59,560 --> 00:34:01,760
Speaker 1: really like and you know, but maybe it might be

712
00:34:01,800 --> 00:34:04,360
Speaker 1: open to a different candidate. To try to pull that

713
00:34:04,720 --> 00:34:08,000
Speaker 1: group of people together is very hard. So the place

714
00:34:08,080 --> 00:34:11,080
Speaker 1: the lane that he thought might unite the entire Republican

715
00:34:11,120 --> 00:34:14,919
Speaker 1: coalition is on being anti woke. So he's really made

716
00:34:14,960 --> 00:34:17,600
Speaker 1: that his bread and butter, even leaving decide, you know,

717
00:34:17,640 --> 00:34:19,440
Speaker 1: some of the things that he did earlier on in

718
00:34:19,480 --> 00:34:21,920
Speaker 1: his gubernatorial career, certainly things that he did when he

719
00:34:22,000 --> 00:34:25,879
Speaker 1: was in Congress. But it's just I think there's been

720
00:34:26,120 --> 00:34:29,880
Speaker 1: dramatic overreach number one. Number two, it has rubbed up

721
00:34:29,920 --> 00:34:33,680
Speaker 1: against this live and let lift ideology that runs very deep,

722
00:34:33,840 --> 00:34:36,560
Speaker 1: not just within the Republican Party but within the American public.

723
00:34:36,600 --> 00:34:40,000
Speaker 1: In general, where it's like, listen, you're an adult, go

724
00:34:40,080 --> 00:34:42,440
Speaker 1: do what you want to do. Let's like, you know,

725
00:34:42,520 --> 00:34:45,040
Speaker 1: make your choices. As long as they don't interfere with me.

726
00:34:45,239 --> 00:34:48,200
Speaker 1: I really could care less, and also rubs up against

727
00:34:48,239 --> 00:34:51,520
Speaker 1: this traditional conservative position of like, hey, businesses get to

728
00:34:51,560 --> 00:34:53,560
Speaker 1: make their own decisions within their own companies, is not

729
00:34:53,640 --> 00:34:54,120
Speaker 1: the governors.

730
00:34:54,200 --> 00:34:56,680
Speaker 2: I actually think it's generational. I think there's something very

731
00:34:56,680 --> 00:35:00,040
Speaker 2: generational to it where a lot of boomer Republican voters

732
00:35:00,080 --> 00:35:02,920
Speaker 2: are much more libertarian minded in general. They came up

733
00:35:02,960 --> 00:35:05,160
Speaker 2: in the Reagan era, they've becameed Reagan Democrats, you know,

734
00:35:05,200 --> 00:35:07,080
Speaker 2: they were Democrats who had voted for Reagan kind of

735
00:35:07,080 --> 00:35:11,840
Speaker 2: been Republicans ever since. The activist base, specifically of younger

736
00:35:11,880 --> 00:35:14,480
Speaker 2: Republicans who are the most pro Desantists people, I think

737
00:35:14,480 --> 00:35:16,759
Speaker 2: you will mostly find out there are very much kind

738
00:35:16,800 --> 00:35:18,480
Speaker 2: of on board the whole, like we got to use

739
00:35:18,520 --> 00:35:21,719
Speaker 2: the government and weaponize it against corporations who we don't

740
00:35:21,719 --> 00:35:24,640
Speaker 2: really agree with on a cultural level. So I think

741
00:35:24,680 --> 00:35:26,920
Speaker 2: that because DeSantis is what he's like forty four or

742
00:35:26,920 --> 00:35:29,680
Speaker 2: something like that. Yeah, of his cohort of Republicans, he's

743
00:35:29,719 --> 00:35:32,200
Speaker 2: going to be in more of that like minded group,

744
00:35:32,600 --> 00:35:35,759
Speaker 2: So there's something to that. There's also in general, who

745
00:35:35,760 --> 00:35:39,240
Speaker 2: are the people who are professional who don't like Trump.

746
00:35:39,600 --> 00:35:42,400
Speaker 2: You have two sets. You basically have the group I

747
00:35:42,480 --> 00:35:45,520
Speaker 2: just talked about who thinks Trump is too friendly to

748
00:35:45,680 --> 00:35:49,520
Speaker 2: like gay interests, and we've suckered up to what Caitlin

749
00:35:49,600 --> 00:35:51,400
Speaker 2: Jenner and didn't use the power of the government to

750
00:35:51,440 --> 00:35:55,080
Speaker 2: actually transform conservative and then you got more like January

751
00:35:55,160 --> 00:35:57,320
Speaker 2: sixth is the worst thing that ever happened in American history,

752
00:35:57,320 --> 00:36:00,680
Speaker 2: like Liz Cheney types. So if you're a Desantist, Desanta's

753
00:36:00,680 --> 00:36:04,920
Speaker 2: person kind of their professional Republican apparatus, well you're really

754
00:36:04,920 --> 00:36:06,680
Speaker 2: going to be in that first category that I talked about.

755
00:36:06,680 --> 00:36:08,319
Speaker 2: And those are the type of people who I can

756
00:36:08,320 --> 00:36:10,440
Speaker 2: tell you from personal experience. I know many of the

757
00:36:10,440 --> 00:36:12,879
Speaker 2: people who work for him, many of the people who

758
00:36:12,920 --> 00:36:15,560
Speaker 2: are on his campaign and who backed him from the beginning,

759
00:36:15,680 --> 00:36:18,560
Speaker 2: they very much fall into the category that I just described.

760
00:36:18,560 --> 00:36:20,120
Speaker 2: So I think it could be a staff driven thing.

761
00:36:20,160 --> 00:36:22,880
Speaker 2: But listen, I mean DeSantis also probably believes it, so

762
00:36:23,160 --> 00:36:24,080
Speaker 2: you can't take that away from.

763
00:36:24,480 --> 00:36:26,080
Speaker 3: It's too I don't know what DeSantis believes.

764
00:36:26,080 --> 00:36:28,600
Speaker 1: I think he's just I mean, he's shaped shifted enough

765
00:36:28,600 --> 00:36:30,279
Speaker 1: of his career that I just really kind of feel

766
00:36:30,320 --> 00:36:33,000
Speaker 1: like he positions himself wherever he thinks his advantageous is

767
00:36:33,040 --> 00:36:36,200
Speaker 1: my view, but I see it as less generational and

768
00:36:36,280 --> 00:36:39,600
Speaker 1: more class based. Sure, if you look at I mean,

769
00:36:39,600 --> 00:36:44,040
Speaker 1: if you look within the polls, consistently, Ron DeSantis does

770
00:36:44,120 --> 00:36:49,200
Speaker 1: better among college educated Republicans than he does among non

771
00:36:49,239 --> 00:36:52,400
Speaker 1: college educated Republicans who are still all in for Trump,

772
00:36:52,760 --> 00:36:54,360
Speaker 1: and it makes sense. I mean, we see a similar

773
00:36:54,400 --> 00:36:56,920
Speaker 1: divide on the Democratic side, where it's like, you know,

774
00:36:57,080 --> 00:37:00,560
Speaker 1: more affluent, college educated Liberals, they're more concerned with the

775
00:37:00,560 --> 00:37:05,960
Speaker 1: cultural value set and the working class, you know, multiracial

776
00:37:06,000 --> 00:37:09,560
Speaker 1: working class base that still supports Democrats. They are more

777
00:37:09,560 --> 00:37:11,960
Speaker 1: concerned with bread and butter issues like hey, how am

778
00:37:11,960 --> 00:37:13,759
Speaker 1: I gonna be able to pay the bills at the

779
00:37:13,800 --> 00:37:16,040
Speaker 1: end of the month in healthcare, et cetera, and unions.

780
00:37:16,760 --> 00:37:19,640
Speaker 1: So you see a similar divide. The issue says isn't

781
00:37:19,680 --> 00:37:21,680
Speaker 1: obviously the same on the Republican side, but you see

782
00:37:21,680 --> 00:37:23,960
Speaker 1: a kind of similar divide where if you were non

783
00:37:24,000 --> 00:37:27,200
Speaker 1: college educated and you think that immigrants are a real

784
00:37:27,280 --> 00:37:30,680
Speaker 1: threat to your sort of livelihood and they're depressing your wages,

785
00:37:30,719 --> 00:37:34,080
Speaker 1: et cetera, and you're worried about like safety in your community.

786
00:37:34,200 --> 00:37:36,719
Speaker 1: Like these are very kitchen table, bread and butter issues.

787
00:37:37,000 --> 00:37:38,000
Speaker 3: They're much more.

788
00:37:38,200 --> 00:37:41,719
Speaker 1: Closely aligned with a sort of material set of values.

789
00:37:42,080 --> 00:37:44,640
Speaker 1: Then if you are college educated and you're doing pretty

790
00:37:44,640 --> 00:37:46,680
Speaker 1: well in this world, and you've you know, you got

791
00:37:46,680 --> 00:37:48,359
Speaker 1: your house, and you got your family, and you're doing

792
00:37:48,440 --> 00:37:51,560
Speaker 1: all right, then maybe can afford to worry about like

793
00:37:51,640 --> 00:37:54,279
Speaker 1: what bud Light is doing with their marketing spend, and

794
00:37:54,360 --> 00:37:56,319
Speaker 1: what's going on in the schools and the you know,

795
00:37:56,520 --> 00:37:59,240
Speaker 1: college education system, and what the media is doing.

796
00:37:59,080 --> 00:37:59,520
Speaker 3: Et cetera.

797
00:37:59,800 --> 00:38:03,600
Speaker 1: It's it's a more sort of luxury set of priorities

798
00:38:03,640 --> 00:38:06,480
Speaker 1: that you're able to hold if your material needs are

799
00:38:06,600 --> 00:38:08,400
Speaker 1: arguing that. So, I see it as more of a

800
00:38:08,400 --> 00:38:12,600
Speaker 1: class divide than really a generational or even really ideological divide.

801
00:38:12,880 --> 00:38:14,480
Speaker 2: I think there's probably two elmess to that. I mean,

802
00:38:14,480 --> 00:38:16,600
Speaker 2: all the people I talked about kind of before about

803
00:38:16,640 --> 00:38:19,280
Speaker 2: the generational thing, those people are all very highly educated,

804
00:38:19,400 --> 00:38:22,040
Speaker 2: and they're all, you know, it takes an interesting breed

805
00:38:22,080 --> 00:38:24,640
Speaker 2: to kind of be highly educated and to come through

806
00:38:24,640 --> 00:38:27,360
Speaker 2: the elite system and also still turn out kind of

807
00:38:27,360 --> 00:38:30,120
Speaker 2: on the other side. Usually there's a degree of contrarianism.

808
00:38:30,280 --> 00:38:32,239
Speaker 2: And also it can be a very hardening experience. I

809
00:38:32,239 --> 00:38:35,400
Speaker 2: can tell you from personal experience. So I do understand.

810
00:38:35,400 --> 00:38:38,200
Speaker 2: I think that cohort well, specifically because I came up

811
00:38:38,239 --> 00:38:40,520
Speaker 2: with them throughout Washington and have watched them kind of

812
00:38:40,560 --> 00:38:43,400
Speaker 2: with curiosity as they branch out between Trump, DeSantis, and

813
00:38:43,440 --> 00:38:45,759
Speaker 2: then like Tim Scott, people that there really are only

814
00:38:46,080 --> 00:38:49,960
Speaker 2: the three genders I guess in Republican politics, so those

815
00:38:50,000 --> 00:38:53,080
Speaker 2: are kind of where people generally fall. But overall, I

816
00:38:53,120 --> 00:38:55,839
Speaker 2: do think it is clear that that college educated group

817
00:38:55,920 --> 00:38:58,400
Speaker 2: clearly really isn't as touch as they would like to

818
00:38:58,400 --> 00:39:01,239
Speaker 2: think with the mean republic can voter as to what

819
00:39:01,360 --> 00:39:04,000
Speaker 2: animates them into why they are all voting or very

820
00:39:04,040 --> 00:39:05,279
Speaker 2: likely to vote Trump in the first place.

821
00:39:05,320 --> 00:39:08,520
Speaker 1: Yeah, and also it's super online. That's the other piece

822
00:39:08,760 --> 00:39:12,040
Speaker 1: is that's why it hasn't even translated into Desanta's winning

823
00:39:12,120 --> 00:39:14,880
Speaker 1: college educated voters. It's, you know, a minority group of

824
00:39:14,920 --> 00:39:18,400
Speaker 1: college educated voters. It is a super you know, online

825
00:39:18,400 --> 00:39:21,520
Speaker 1: fixation that there's a lot of energy around, but doesn't

826
00:39:21,560 --> 00:39:27,840
Speaker 1: necessarily translate into a majority of the base. Speaking of

827
00:39:27,840 --> 00:39:30,560
Speaker 1: bread and butter issues and material concerns, let's put this

828
00:39:30,640 --> 00:39:33,879
Speaker 1: up on the screen. This is insane. A bunch of

829
00:39:33,960 --> 00:39:38,680
Speaker 1: Wells Fargo banking customers went to pay their bills, check

830
00:39:38,719 --> 00:39:41,719
Speaker 1: their bank account accounts, et cetera, pay their rent, and

831
00:39:41,760 --> 00:39:45,920
Speaker 1: found out their deposits were gone because of a quote

832
00:39:46,120 --> 00:39:49,840
Speaker 1: technical issue me read you the opening of this piece.

833
00:39:49,920 --> 00:39:53,560
Speaker 1: They say that those deposits had disappeared, causing the customers

834
00:39:53,600 --> 00:39:56,040
Speaker 1: to express concern over where their money had gone and

835
00:39:56,080 --> 00:39:58,560
Speaker 1: in some cases to report being late on their bills.

836
00:39:59,120 --> 00:40:01,520
Speaker 1: Wells Fargo said it a technical issue and that it

837
00:40:01,560 --> 00:40:04,880
Speaker 1: has been resolved. By the way, this isn't even the

838
00:40:04,960 --> 00:40:08,279
Speaker 1: first time this has happened at Wells Fargo, which you

839
00:40:08,360 --> 00:40:12,240
Speaker 1: all probably know. Wells Fargo has a very checkered recent

840
00:40:12,520 --> 00:40:15,279
Speaker 1: past of all kinds of fraud that they have been.

841
00:40:15,400 --> 00:40:17,279
Speaker 1: You know, they have gotten into all kinds of legal

842
00:40:17,320 --> 00:40:20,560
Speaker 1: troubble for creating all these fake accounts, which by the way,

843
00:40:20,800 --> 00:40:23,400
Speaker 1: they were caught doing again just recently, even though they

844
00:40:23,400 --> 00:40:25,479
Speaker 1: said they'd turn over a new leaf and changed their ways,

845
00:40:25,480 --> 00:40:29,759
Speaker 1: et cetera. But a similar glitch that resulted in deposits

846
00:40:29,760 --> 00:40:34,280
Speaker 1: being erased or being reported incorrectly happened for customers Back

847
00:40:34,400 --> 00:40:37,840
Speaker 1: in March. NBC News put this up on the screen.

848
00:40:37,880 --> 00:40:39,840
Speaker 1: They did some additional reporting on this. They talked to

849
00:40:39,880 --> 00:40:42,080
Speaker 1: some of the customers. They actually found a guy that

850
00:40:42,160 --> 00:40:45,120
Speaker 1: this happened to in both instances. It happened to him

851
00:40:45,120 --> 00:40:47,399
Speaker 1: in March, and then it happened to him again now,

852
00:40:47,440 --> 00:40:49,719
Speaker 1: and understandably he's like, all right, I think I'm done

853
00:40:49,760 --> 00:40:54,920
Speaker 1: with this bank. They also spoke with a woman, Genie Cortez, single, disabled,

854
00:40:55,000 --> 00:40:58,480
Speaker 1: self employed accountant and Alaska resident. She was supposed to

855
00:40:58,560 --> 00:41:00,880
Speaker 1: have paid her rent, gas, A Lite, extric and internet

856
00:41:00,920 --> 00:41:02,719
Speaker 1: payments for the month by now, with funds that she

857
00:41:02,800 --> 00:41:07,399
Speaker 1: deposited Wednesday. She was told Friday by Wells Fargo Rupp

858
00:41:07,440 --> 00:41:09,520
Speaker 1: that she would not be able to access her deposit

859
00:41:09,600 --> 00:41:13,239
Speaker 1: for another three to five business days. She'd earlier been

860
00:41:13,280 --> 00:41:15,000
Speaker 1: told Wells Fargo could send her a letter to give

861
00:41:15,000 --> 00:41:19,080
Speaker 1: to her creditors, that too, has not arrived. She said, quote,

862
00:41:19,200 --> 00:41:23,160
Speaker 1: there is simply not enough funds without that deposit to

863
00:41:23,320 --> 00:41:27,200
Speaker 1: cover them all. Talking about her bills, I simply cannot

864
00:41:27,400 --> 00:41:30,960
Speaker 1: live without my funds now. So this bank screws up

865
00:41:31,400 --> 00:41:35,440
Speaker 1: deletes these deposits. Glitch, whatever happened, technical issue that again

866
00:41:35,600 --> 00:41:38,360
Speaker 1: had already happened to them previously, just a few months prior.

867
00:41:38,400 --> 00:41:42,600
Speaker 1: In March, this happens again, and people were just absolutely

868
00:41:42,600 --> 00:41:45,759
Speaker 1: screwed by this. I mean, you know, and screws up

869
00:41:45,760 --> 00:41:49,120
Speaker 1: your credit. It makes it and once it's just it

870
00:41:49,160 --> 00:41:52,160
Speaker 1: can be a total cascading effect. The late fees that

871
00:41:52,239 --> 00:41:55,399
Speaker 1: get piled up for you know, potentially like getting kicked

872
00:41:55,400 --> 00:41:58,200
Speaker 1: out of your apartment, et cetera. So people put in

873
00:41:58,239 --> 00:42:00,480
Speaker 1: a very bad position because of this.

874
00:42:00,640 --> 00:42:03,240
Speaker 2: Yeah, I just don't understand how this is really even possible.

875
00:42:03,280 --> 00:42:05,960
Speaker 2: And remember we shouldn't forget. Wells Fargo has fined three

876
00:42:06,000 --> 00:42:09,359
Speaker 2: point seven billion dollars for consumer banking violations less than

877
00:42:09,680 --> 00:42:11,719
Speaker 2: a year ago, and it was very similar Crystal in

878
00:42:11,800 --> 00:42:14,399
Speaker 2: terms of they did not record payments on their home

879
00:42:14,440 --> 00:42:17,799
Speaker 2: and their auto loans and in some cases quote wrongfully

880
00:42:17,840 --> 00:42:22,319
Speaker 2: repossessed some borrowers cars and homes and then charged overdraft

881
00:42:22,320 --> 00:42:26,480
Speaker 2: fees even when customers had enough money to cover purchases

882
00:42:26,480 --> 00:42:30,040
Speaker 2: that they had made with their bank cards. Wells Fargo

883
00:42:30,080 --> 00:42:33,279
Speaker 2: had stopped this conduct this year as a part of

884
00:42:33,320 --> 00:42:37,880
Speaker 2: a larger effort to clean up other unlawful practices stretching

885
00:42:37,920 --> 00:42:41,080
Speaker 2: back to two thy eleven. So they have now paid

886
00:42:41,360 --> 00:42:46,160
Speaker 2: two record fines on a Consumer Banking Institution three point

887
00:42:46,160 --> 00:42:49,120
Speaker 2: seven billion was a record after a previous one billion,

888
00:42:49,120 --> 00:42:51,719
Speaker 2: which they had also been forced to pay before that.

889
00:42:51,840 --> 00:42:55,399
Speaker 2: So this is totally crazy. And at this point, now

890
00:42:55,680 --> 00:42:58,760
Speaker 2: this is what the overall statistics, six point two billion

891
00:42:58,840 --> 00:43:04,200
Speaker 2: dollars have been fed for banks for mistreating customers and investors.

892
00:43:04,520 --> 00:43:07,960
Speaker 2: Who wants to bet that those finds pale in comparison

893
00:43:08,200 --> 00:43:11,080
Speaker 2: to the overall profit that all said banks have made

894
00:43:11,480 --> 00:43:13,480
Speaker 2: in the two thousand since the two thousand and eight

895
00:43:13,480 --> 00:43:16,520
Speaker 2: financial cross six point two billion is like a paltry

896
00:43:16,600 --> 00:43:19,239
Speaker 2: day on Wall Street for some of these folks. Yeah,

897
00:43:19,360 --> 00:43:21,480
Speaker 2: it's just crazy. Yeah, they always get away with it.

898
00:43:21,880 --> 00:43:25,040
Speaker 1: Wells Fargo is like the worst repeat effector here, because

899
00:43:25,280 --> 00:43:28,040
Speaker 1: even after they claimed like, oh, yeah, we fixed all

900
00:43:28,120 --> 00:43:31,920
Speaker 1: the superfluous fake accounts that they pressured their sales associates

901
00:43:31,920 --> 00:43:34,480
Speaker 1: to setting up, they're like, oh we fixed that all that,

902
00:43:34,719 --> 00:43:37,520
Speaker 1: they had to be again fined by the government a

903
00:43:37,560 --> 00:43:40,880
Speaker 1: pretty significant amount because it turnout they had lied about

904
00:43:40,920 --> 00:43:42,640
Speaker 1: just how much work they had done to clean up

905
00:43:42,640 --> 00:43:45,480
Speaker 1: the problem, so they are a complete mess. At the

906
00:43:45,520 --> 00:43:47,960
Speaker 1: same time, this was a pretty wild go and put

907
00:43:48,040 --> 00:43:50,680
Speaker 1: D three up on the screen. So this ties back

908
00:43:50,719 --> 00:43:54,360
Speaker 1: to the conversations we were having around Silicon Valley Bank

909
00:43:54,400 --> 00:43:56,400
Speaker 1: and the bank balance that happened at that time, and

910
00:43:56,480 --> 00:43:59,439
Speaker 1: one of the theories was like, if the government is making

911
00:43:59,520 --> 00:44:02,600
Speaker 1: it clear that even these mid sized institutions are too

912
00:44:02,600 --> 00:44:04,720
Speaker 1: big to fail, you know who's going to get screwed?

913
00:44:04,760 --> 00:44:05,720
Speaker 3: Are the little guys?

914
00:44:05,760 --> 00:44:09,279
Speaker 1: Why would anyone keep their deposits at small banks when

915
00:44:09,480 --> 00:44:11,600
Speaker 1: you have the government, you know, out and out making

916
00:44:11,600 --> 00:44:13,920
Speaker 1: it clear that they are going to backstop the deposits

917
00:44:13,960 --> 00:44:17,000
Speaker 1: at the big guys. So the theory based on that

918
00:44:17,160 --> 00:44:20,480
Speaker 1: landscape that was really created, you know, with the bailounce,

919
00:44:20,520 --> 00:44:23,080
Speaker 1: and even prior to the bail ounce, was Okay, the

920
00:44:23,440 --> 00:44:25,680
Speaker 1: big guys are going to get even bigger, They're going

921
00:44:25,640 --> 00:44:29,800
Speaker 1: to consolidate even more of the nation's deposits. That actually

922
00:44:29,880 --> 00:44:32,440
Speaker 1: turned out not to be true, and for a very

923
00:44:32,480 --> 00:44:37,040
Speaker 1: interesting reason. So actually deposits at the big banks have

924
00:44:37,200 --> 00:44:41,319
Speaker 1: gone down. Some of the biggest deposit declines during the

925
00:44:41,320 --> 00:44:44,080
Speaker 1: second quarter were not those mid sized regional lenders that

926
00:44:44,120 --> 00:44:48,360
Speaker 1: everybody was worried about. They were the industry's giants, JP, Morgan, Chase,

927
00:44:48,560 --> 00:44:52,719
Speaker 1: Bank of America, City Group, Wells Fargo. Wells Fargo, the

928
00:44:52,760 --> 00:44:55,319
Speaker 1: four biggest banks by assets gave up a net two

929
00:44:55,400 --> 00:44:58,680
Speaker 1: hundred and sixty two billion in deposits when compared with

930
00:44:58,760 --> 00:45:01,480
Speaker 1: the year earlier period. Now, it is no surprise that

931
00:45:01,560 --> 00:45:04,080
Speaker 1: even without the issues that were happening at banks, that

932
00:45:04,120 --> 00:45:06,800
Speaker 1: deposits would be going down right now. Why because you

933
00:45:06,880 --> 00:45:10,239
Speaker 1: had the Federal Reserve hike interest rates and so there

934
00:45:10,280 --> 00:45:12,960
Speaker 1: are sort of better opportunities to move your money out

935
00:45:12,960 --> 00:45:16,000
Speaker 1: of a savings account and earn higher interest somewhere else.

936
00:45:16,000 --> 00:45:19,120
Speaker 1: So it's not a surprise that deposits are being pulled down.

937
00:45:19,400 --> 00:45:22,560
Speaker 1: What is a surprise is that they are coming overwhelmingly

938
00:45:22,680 --> 00:45:25,839
Speaker 1: from the biggest players. The reason for that is that

939
00:45:25,880 --> 00:45:29,360
Speaker 1: the smaller players realized they're going to have to compete

940
00:45:29,719 --> 00:45:33,719
Speaker 1: by offering higher interest rates on their savings accounts, and

941
00:45:33,880 --> 00:45:37,040
Speaker 1: so they have upped the amount of interest that customers

942
00:45:37,040 --> 00:45:39,280
Speaker 1: who put their money in a savings account in those banks,

943
00:45:39,440 --> 00:45:41,839
Speaker 1: those smaller banks have upped the interest that those are

944
00:45:42,040 --> 00:45:44,840
Speaker 1: accounts are earning. And because of that, they have actually

945
00:45:44,920 --> 00:45:48,200
Speaker 1: in some instances increased their deposits over this period. So

946
00:45:48,440 --> 00:45:52,560
Speaker 1: it's surprising as the total opposite of what everyone had predicted.

947
00:45:52,680 --> 00:45:54,920
Speaker 3: Now the big guys, don't worry, are doing just fine.

948
00:45:55,080 --> 00:45:57,400
Speaker 1: Part of why they haven't upped their interest rates to

949
00:45:57,440 --> 00:45:59,360
Speaker 1: try to compete as well is because they're making so

950
00:45:59,440 --> 00:46:01,279
Speaker 1: much money in so many other ways that they just

951
00:46:01,320 --> 00:46:02,879
Speaker 1: feel like it's not even worth it and they don't

952
00:46:02,880 --> 00:46:03,440
Speaker 1: even need it.

953
00:46:03,800 --> 00:46:06,319
Speaker 3: But it's just an interesting result in the opposite of

954
00:46:06,320 --> 00:46:07,080
Speaker 3: what was being predicted.

955
00:46:07,120 --> 00:46:09,799
Speaker 2: It was the opposite, but I mean, we can't say that.

956
00:46:09,840 --> 00:46:11,840
Speaker 2: One of the reasons why it had happened is for

957
00:46:12,120 --> 00:46:15,279
Speaker 2: cop is actually spurred some level of competition. So it

958
00:46:15,280 --> 00:46:18,160
Speaker 2: actually means that the aggregate amount of profit that some

959
00:46:18,200 --> 00:46:20,520
Speaker 2: of these banks is going to go down. But I mean, hey,

960
00:46:20,600 --> 00:46:23,160
Speaker 2: it's better for the consumer, which I think is overall

961
00:46:23,400 --> 00:46:25,600
Speaker 2: a good thing. It is interesting. I actually, personally, you know,

962
00:46:25,680 --> 00:46:28,520
Speaker 2: had this experience. You know, like most people, you want

963
00:46:28,560 --> 00:46:30,960
Speaker 2: to try and have some savings in terms of an

964
00:46:31,000 --> 00:46:33,680
Speaker 2: emergency fund and all that. And I remember looking, you know,

965
00:46:33,719 --> 00:46:36,160
Speaker 2: at one of these large banks and they didn't even

966
00:46:36,280 --> 00:46:38,600
Speaker 2: offer like a higher interest savings account. So you start

967
00:46:38,640 --> 00:46:41,960
Speaker 2: googling around and I came across all of these banks

968
00:46:42,239 --> 00:46:45,120
Speaker 2: which are paying like five or six percent interest, banks

969
00:46:45,120 --> 00:46:46,600
Speaker 2: I'd never even heard of, and I was like, well,

970
00:46:46,600 --> 00:46:49,000
Speaker 2: that's interesting, Okay. You know, you start to read a

971
00:46:49,040 --> 00:46:51,719
Speaker 2: little batter, you're like, okay, FDIC insured, all right, you know,

972
00:46:51,800 --> 00:46:53,759
Speaker 2: maybe you could take a chance on that. So like,

973
00:46:53,800 --> 00:46:55,759
Speaker 2: on a personal level, actually kind of went through this

974
00:46:55,840 --> 00:46:57,960
Speaker 2: and it does make sense, which is that's how these

975
00:46:58,000 --> 00:47:01,160
Speaker 2: banks are able to make a name for themselves. And also, frankly,

976
00:47:01,239 --> 00:47:03,600
Speaker 2: in an arrow where the Federal Reserve is paying like

977
00:47:03,680 --> 00:47:06,440
Speaker 2: four and a half on T bills, there's no reason

978
00:47:06,480 --> 00:47:08,960
Speaker 2: that these banks don't have the capacity to do it

979
00:47:09,080 --> 00:47:11,200
Speaker 2: because they can literally just take your money and investment

980
00:47:11,200 --> 00:47:13,200
Speaker 2: in treasuries and then pay you back in the same

981
00:47:13,239 --> 00:47:16,080
Speaker 2: interest and still make a modest profit. So there's no

982
00:47:16,120 --> 00:47:18,080
Speaker 2: reason for the big banks not to offer it other

983
00:47:18,120 --> 00:47:20,399
Speaker 2: than they literally just don't want to. So small banks

984
00:47:20,480 --> 00:47:22,239
Speaker 2: using the arbitrage. I guess you can always have faith

985
00:47:22,280 --> 00:47:23,840
Speaker 2: in the American entrepreneur.

986
00:47:23,960 --> 00:47:25,359
Speaker 3: There you go, there you go.

987
00:47:25,440 --> 00:47:28,360
Speaker 1: Let's work it out. Yeah, okay, let's talk about Lozo.

988
00:47:28,480 --> 00:47:30,200
Speaker 1: There is a lot here, so I'm sure some of

989
00:47:30,280 --> 00:47:30,759
Speaker 1: you guys have.

990
00:47:30,719 --> 00:47:31,360
Speaker 3: Been following this.

991
00:47:31,480 --> 00:47:35,760
Speaker 1: Lizo of course known for her sort of body positivity

992
00:47:36,120 --> 00:47:42,320
Speaker 1: and being this sort of like female empowerment symbol. Huge artists,

993
00:47:42,520 --> 00:47:45,520
Speaker 1: many record breaking hits, all of that good stuff. So

994
00:47:46,000 --> 00:47:50,320
Speaker 1: pretty shocking, then given her brand that she's been accused.

995
00:47:50,360 --> 00:47:52,360
Speaker 1: Now put this up on the screen. Three of her

996
00:47:52,440 --> 00:47:57,240
Speaker 1: former dancers have accused her of weight shaming, so fat

997
00:47:57,239 --> 00:48:00,920
Speaker 1: shaming them, and pressuring them to do all kinds of

998
00:48:00,920 --> 00:48:04,279
Speaker 1: crazy stuff at a strip club. Let me read you

999
00:48:04,600 --> 00:48:09,040
Speaker 1: some of the allegations. They say that she created a

1000
00:48:09,040 --> 00:48:11,000
Speaker 1: hostile work environment. This was all in a lawsuit that

1001
00:48:11,040 --> 00:48:14,000
Speaker 1: was filed last week. They alleged she pressured one of

1002
00:48:14,000 --> 00:48:17,239
Speaker 1: the dancers to touch a nude performer at an Amsterdam

1003
00:48:17,320 --> 00:48:21,719
Speaker 1: strip club and subjected the group to an excruciating audition

1004
00:48:22,239 --> 00:48:25,919
Speaker 1: after leveling false accusations that they were drinking on the job.

1005
00:48:26,680 --> 00:48:30,040
Speaker 1: That audition, they said, was so brutal, it lasted twelve

1006
00:48:30,120 --> 00:48:32,400
Speaker 1: hours and they were so terrified for their jobs that

1007
00:48:32,480 --> 00:48:35,000
Speaker 1: one of the dancers actually soiled herself because she was

1008
00:48:35,040 --> 00:48:37,320
Speaker 1: so afraid of just asking to go to the bathroom.

1009
00:48:37,400 --> 00:48:38,200
Speaker 3: Horrific stuff.

1010
00:48:38,920 --> 00:48:42,840
Speaker 1: The dancers accused Lozo of calling attention to one dancer's

1011
00:48:42,880 --> 00:48:46,840
Speaker 1: weight gain and later berating then firing that dancer after

1012
00:48:47,000 --> 00:48:50,400
Speaker 1: she recorded a meeting out because of a health condition.

1013
00:48:51,080 --> 00:48:53,000
Speaker 1: I'll give you some of the details about what happened

1014
00:48:53,000 --> 00:48:57,640
Speaker 1: allegedly at the club apparently, she began inviting cast members

1015
00:48:57,840 --> 00:49:03,000
Speaker 1: to take turns touching the nude perfers, catching dildo's launched

1016
00:49:03,000 --> 00:49:07,960
Speaker 1: from the performers vaginas, and eating bananas protruding from other

1017
00:49:08,080 --> 00:49:11,440
Speaker 1: performers vaginas as well. Lizzo then turned her attention to

1018
00:49:12,040 --> 00:49:14,000
Speaker 1: one of the dancers who was suing her and began

1019
00:49:14,080 --> 00:49:16,600
Speaker 1: pressuring Miss Davis to touch the breast of one of

1020
00:49:16,640 --> 00:49:21,240
Speaker 1: the nude women, pressure that that dancer ultimately gave into.

1021
00:49:21,320 --> 00:49:24,040
Speaker 1: She felt very sort of like bullied, and like the

1022
00:49:24,800 --> 00:49:27,279
Speaker 1: from listening to some of the interviews with the dancers,

1023
00:49:27,600 --> 00:49:29,640
Speaker 1: they felt very much like their job was on the

1024
00:49:29,680 --> 00:49:32,440
Speaker 1: line and all of these interactions. So where Lizo may

1025
00:49:32,480 --> 00:49:34,800
Speaker 1: have been like, oh, we're at the club and we're friends, whatever,

1026
00:49:35,360 --> 00:49:38,319
Speaker 1: they're viewing this as like, this is my boss, this

1027
00:49:38,400 --> 00:49:41,240
Speaker 1: is my entire career on the line. I do think

1028
00:49:41,920 --> 00:49:45,680
Speaker 1: you know one factor here is she's known for and

1029
00:49:46,239 --> 00:49:48,440
Speaker 1: full disclosure, I've been to a Lizo show, so I've

1030
00:49:48,480 --> 00:49:50,960
Speaker 1: watched some of these dancers perform. She's known for her

1031
00:49:51,040 --> 00:49:55,040
Speaker 1: dancers being bigger, consistent with her image, and so if

1032
00:49:55,080 --> 00:49:58,480
Speaker 1: you are a high level dancer who has that physique,

1033
00:49:58,600 --> 00:50:01,400
Speaker 1: it's probably hard to find war in other areas, so

1034
00:50:01,440 --> 00:50:03,480
Speaker 1: you feel extra pressure of like, I got to keep

1035
00:50:03,520 --> 00:50:05,480
Speaker 1: this job because this is the dream. This is the

1036
00:50:05,520 --> 00:50:07,040
Speaker 1: thing with Ann, and I don't even know if I'll

1037
00:50:07,080 --> 00:50:09,719
Speaker 1: be able to work. I have a little bit of

1038
00:50:09,800 --> 00:50:12,320
Speaker 1: an interview with two of the dancers who are involved

1039
00:50:12,320 --> 00:50:12,799
Speaker 1: in this laws.

1040
00:50:12,800 --> 00:50:15,000
Speaker 3: They were just talking about their experience. Let's take a listen.

1041
00:50:15,239 --> 00:50:18,720
Speaker 2: Did Lizzo know about this behavior that you're alleging.

1042
00:50:19,920 --> 00:50:25,000
Speaker 7: Well, Lizzo was a participant in the Lizzo is the

1043
00:50:25,040 --> 00:50:29,839
Speaker 7: reason that we were that I specifically was pressured to

1044
00:50:29,840 --> 00:50:32,000
Speaker 7: touch a new performer. She singled me out at the

1045
00:50:32,040 --> 00:50:34,360
Speaker 7: club that I didn't want to be at, but was

1046
00:50:34,400 --> 00:50:36,640
Speaker 7: told I couldn't really back out since I already said

1047
00:50:36,680 --> 00:50:38,920
Speaker 7: I was going before I knew what it really was.

1048
00:50:39,920 --> 00:50:42,160
Speaker 7: Once I had time to research it, Me and Noel

1049
00:50:42,280 --> 00:50:46,399
Speaker 7: Rodriguez also we figured out what it was and we're like, okay,

1050
00:50:46,480 --> 00:50:48,400
Speaker 7: maybe we should not go. You know, this is a

1051
00:50:48,440 --> 00:50:52,360
Speaker 7: little weird. But then we were told that a headcount

1052
00:50:52,400 --> 00:50:54,560
Speaker 7: was already sent, a list was already sent, so she

1053
00:50:54,680 --> 00:50:57,520
Speaker 7: knows who's coming. And at that time we had already

1054
00:50:57,520 --> 00:50:59,880
Speaker 7: been kind of fearing for our jobs and being austra

1055
00:51:00,920 --> 00:51:04,920
Speaker 7: so It is an understand it's an understanding in the

1056
00:51:04,920 --> 00:51:08,799
Speaker 7: camp that if you don't really participate and you know,

1057
00:51:08,920 --> 00:51:11,680
Speaker 7: try to get in with Lizzo, it's you won't be

1058
00:51:11,760 --> 00:51:14,480
Speaker 7: booked on as many jobs, she won't like you as much.

1059
00:51:14,760 --> 00:51:18,400
Speaker 7: It just you'll be ostracized later. So we went, We

1060
00:51:18,440 --> 00:51:20,440
Speaker 7: stayed in the corner. We talked to each other the

1061
00:51:20,480 --> 00:51:23,360
Speaker 7: whole time. We tried to ignore, you know, what was happening.

1062
00:51:24,080 --> 00:51:30,319
Speaker 7: A lot of crazy things were happening. And after a

1063
00:51:30,320 --> 00:51:35,520
Speaker 7: lot of explicit things went on, Lizzo kind of saw

1064
00:51:35,600 --> 00:51:37,880
Speaker 7: me singled me out. She was kind of going around

1065
00:51:38,160 --> 00:51:43,640
Speaker 7: like inviting people to touch the nude performers, and I

1066
00:51:43,640 --> 00:51:44,760
Speaker 7: guess it was my turn.

1067
00:51:45,040 --> 00:51:47,239
Speaker 1: She goes on to say they started chanting. She felt

1068
00:51:47,239 --> 00:51:48,839
Speaker 1: completely pressured, humiliated.

1069
00:51:48,840 --> 00:51:49,600
Speaker 3: She know what to do.

1070
00:51:49,840 --> 00:51:53,440
Speaker 1: So anyway, that is their side of the story. Lizzo

1071
00:51:53,520 --> 00:51:55,920
Speaker 1: has responded, let's go and put this up on the screen.

1072
00:51:56,000 --> 00:51:58,080
Speaker 1: This is what she had to say. She said, I'll

1073
00:51:58,120 --> 00:52:00,399
Speaker 1: read this and full This was posted on Instagram. These

1074
00:52:00,480 --> 00:52:03,839
Speaker 1: last few days have been gut wrenchingly difficult and overwhelmingly disappointing.

1075
00:52:03,840 --> 00:52:06,560
Speaker 1: My work, ethic, morals, and respectfulness have been questioned. My

1076
00:52:06,640 --> 00:52:09,720
Speaker 1: character has been criticized. Usually I choose not to respond

1077
00:52:09,719 --> 00:52:12,879
Speaker 1: to false allegations, but these are as unbelievable as they

1078
00:52:12,920 --> 00:52:16,080
Speaker 1: sound and too outrageous to not be addressed. These sensationalized

1079
00:52:16,080 --> 00:52:18,520
Speaker 1: stories are coming from former employees who have already publicly

1080
00:52:18,520 --> 00:52:20,840
Speaker 1: admitted they were told their behavior on tour was inappropriate

1081
00:52:20,840 --> 00:52:24,160
Speaker 1: and unprofessional. As an artist, I've always been very passionate

1082
00:52:24,239 --> 00:52:26,200
Speaker 1: about what I do. I take my music and my

1083
00:52:26,239 --> 00:52:28,400
Speaker 1: performances seriously because at the end of the day, I

1084
00:52:28,440 --> 00:52:30,280
Speaker 1: only want to put out the best art that represents

1085
00:52:30,320 --> 00:52:32,360
Speaker 1: me and my fans. With passion comes hard work and

1086
00:52:32,440 --> 00:52:34,960
Speaker 1: high standards. Sometimes I have to make hard decisions, but

1087
00:52:34,960 --> 00:52:38,080
Speaker 1: it's never my intention to make anyone feel uncomfortable or

1088
00:52:38,080 --> 00:52:41,040
Speaker 1: like they are not valued as an important part of

1089
00:52:41,080 --> 00:52:43,200
Speaker 1: the team, which you think, Sagar.

1090
00:52:43,480 --> 00:52:46,040
Speaker 2: I mean, you know, basically calling these people a liar

1091
00:52:46,239 --> 00:52:49,239
Speaker 2: not great, and especially whenever you're so powerful. So one

1092
00:52:49,239 --> 00:52:51,320
Speaker 2: of the reasons why I thought it actually was interesting

1093
00:52:51,360 --> 00:52:54,879
Speaker 2: to cover the story was because there are actual real

1094
00:52:54,920 --> 00:52:58,600
Speaker 2: world implications outside of tabloid drama, of which I've been

1095
00:52:58,640 --> 00:53:01,319
Speaker 2: fascinated by. Let's put this up there. From Showbiz four

1096
00:53:01,440 --> 00:53:05,480
Speaker 2: one one, they say that Lizo's record sales and streaming

1097
00:53:05,840 --> 00:53:10,040
Speaker 2: and airplay have collapsed in a single day after the

1098
00:53:10,080 --> 00:53:13,799
Speaker 2: harassment scandal broke wide in a career crisis. They say

1099
00:53:13,840 --> 00:53:17,000
Speaker 2: that the quote two days her record sales, including streaming

1100
00:53:17,000 --> 00:53:19,680
Speaker 2: an airplay of collapse. Looking at numbers from illuminate, the

1101
00:53:19,680 --> 00:53:22,480
Speaker 2: trends have not just fallen, but have evaporated. It's as

1102
00:53:22,480 --> 00:53:26,560
Speaker 2: if every radio has pulled LISO hits, fans stop streaming

1103
00:53:26,560 --> 00:53:30,520
Speaker 2: the records, and they forgot about buying them or downloading them.

1104
00:53:30,840 --> 00:53:33,480
Speaker 2: This is actually incredibly rare. We did not see a

1105
00:53:33,520 --> 00:53:37,120
Speaker 2: similar instance whenever it came to Kanye West. I think,

1106
00:53:37,320 --> 00:53:39,920
Speaker 2: for example, or I mean, listen, you know many people

1107
00:53:39,920 --> 00:53:41,640
Speaker 2: in the music business and all of that are not

1108
00:53:41,680 --> 00:53:44,520
Speaker 2: exactly angels. And we've been talking about this about why

1109
00:53:44,600 --> 00:53:47,359
Speaker 2: I think this like kind of culturally resonated, which I

1110
00:53:47,520 --> 00:53:50,160
Speaker 2: think that because she casts herself as such an image

1111
00:53:50,160 --> 00:53:53,680
Speaker 2: of female empowerment, as above the rest, as a genuine

1112
00:53:53,800 --> 00:53:57,680
Speaker 2: like liberal icon, that whenever she is found to just

1113
00:53:57,800 --> 00:54:01,759
Speaker 2: be like a rich, pompous, you know, a ridge girl,

1114
00:54:01,800 --> 00:54:06,239
Speaker 2: pops mean girl, like probably everybody else in this profession,

1115
00:54:06,440 --> 00:54:08,399
Speaker 2: that people are like, hey, you know what, screw you?

1116
00:54:08,440 --> 00:54:10,920
Speaker 2: Like there's a real personal identification. I think that a

1117
00:54:10,920 --> 00:54:13,680
Speaker 2: lot of people personally found, you know, with both her

1118
00:54:13,760 --> 00:54:15,680
Speaker 2: music and kind of the way that she presented herself

1119
00:54:15,719 --> 00:54:17,799
Speaker 2: and all of that. Of course, you know, media kind

1120
00:54:17,800 --> 00:54:20,160
Speaker 2: of blew that up out of proportion. It's not like

1121
00:54:20,200 --> 00:54:22,360
Speaker 2: she wasn't playing into it. And so when it turns

1122
00:54:22,360 --> 00:54:25,040
Speaker 2: out that she's just like everyone else, you know who

1123
00:54:25,080 --> 00:54:27,520
Speaker 2: has too much money and is the center of attention

1124
00:54:27,680 --> 00:54:31,120
Speaker 2: and acts like this and treats their employees like pawns

1125
00:54:31,120 --> 00:54:34,879
Speaker 2: and then calls them on professional whenever they speak out. Yeah,

1126
00:54:34,960 --> 00:54:37,879
Speaker 2: you're like, oh, hold on, honestly, you've got a titanic

1127
00:54:38,040 --> 00:54:41,920
Speaker 2: ego that really backstops a lot of this, and that

1128
00:54:42,000 --> 00:54:44,080
Speaker 2: led to an actual consumer backlash.

1129
00:54:44,360 --> 00:54:46,760
Speaker 1: She also apparently put this next piece up on the screen.

1130
00:54:46,760 --> 00:54:50,400
Speaker 1: She's also apparently lost two hundred and twenty thousands she

1131
00:54:50,400 --> 00:54:51,480
Speaker 1: had Instagram followers.

1132
00:54:51,480 --> 00:54:52,840
Speaker 3: I don't know, I'll lets you look that up. But

1133
00:54:52,840 --> 00:54:54,799
Speaker 3: two hundred and twenty thousand people is a lot of people.

1134
00:54:54,920 --> 00:54:56,120
Speaker 2: That is a lot of people. Yeah, let me go,

1135
00:54:56,200 --> 00:54:57,000
Speaker 2: She's got thirteen million.

1136
00:54:57,080 --> 00:54:57,480
Speaker 8: So it's not.

1137
00:54:57,440 --> 00:55:00,160
Speaker 1: Exactly all as a percentage is that it's not all

1138
00:55:00,200 --> 00:55:03,520
Speaker 1: that much, But listen, I'm gonna be honest with you.

1139
00:55:03,640 --> 00:55:06,520
Speaker 1: So I saw the headlines first before I read in

1140
00:55:06,640 --> 00:55:10,800
Speaker 1: detail the allegations, and you know, obviously like the stuff

1141
00:55:10,800 --> 00:55:13,080
Speaker 1: that happened at the strip club is the most delicious

1142
00:55:13,120 --> 00:55:16,280
Speaker 1: when I'm talking about you know, bananas and vaginas and whatever.

1143
00:55:16,680 --> 00:55:20,160
Speaker 1: But the part that is the most dissonant with her

1144
00:55:20,200 --> 00:55:23,760
Speaker 1: brand is the fat chain part. And I will say,

1145
00:55:23,920 --> 00:55:27,520
Speaker 1: when I actually read the allegations with regards to the

1146
00:55:27,560 --> 00:55:30,480
Speaker 1: alleged fat shaming, it's a little ambiguous.

1147
00:55:30,520 --> 00:55:31,440
Speaker 3: I don't doubt that.

1148
00:55:31,680 --> 00:55:36,160
Speaker 1: So it required the dancer's interpretation of what Lizo was saying.

1149
00:55:36,280 --> 00:55:38,399
Speaker 1: It's not like she was just flat out like you're

1150
00:55:38,440 --> 00:55:40,279
Speaker 1: a fat ass, it's disgusting, et cetera.

1151
00:55:40,400 --> 00:55:41,200
Speaker 3: It was nothing like that.

1152
00:55:41,280 --> 00:55:41,680
Speaker 5: It was like.

1153
00:55:43,200 --> 00:55:45,600
Speaker 1: She had performed it south By Southwest, and when she

1154
00:55:45,719 --> 00:55:48,279
Speaker 1: was there, she'd apparently this dancer had just gained some weight,

1155
00:55:48,760 --> 00:55:52,239
Speaker 1: and afterwards there I'm in a discussion about that performance,

1156
00:55:52,440 --> 00:55:55,880
Speaker 1: and this dancer already said, you know, feeling basically like

1157
00:55:55,880 --> 00:55:58,319
Speaker 1: I'm feeling a lot better than I was there, and

1158
00:55:58,480 --> 00:56:00,879
Speaker 1: Lizo said something to the effect of, yeah, because we

1159
00:56:00,880 --> 00:56:04,279
Speaker 1: were worried about how you were doing. And there was

1160
00:56:04,320 --> 00:56:07,440
Speaker 1: another comment that was made around the same time about

1161
00:56:07,480 --> 00:56:10,640
Speaker 1: like we weren't sure of your commitment. And the dancer

1162
00:56:10,680 --> 00:56:13,520
Speaker 1: interpreted that because she says, listen, everything about me was

1163
00:56:13,520 --> 00:56:16,960
Speaker 1: the same. My energy level, my dancing, my capabilities, you know,

1164
00:56:17,040 --> 00:56:18,399
Speaker 1: my commitment, all of that was the same.

1165
00:56:18,440 --> 00:56:21,239
Speaker 3: The only thing that was different at that festival was

1166
00:56:21,280 --> 00:56:22,359
Speaker 3: that I had gained weight.

1167
00:56:22,760 --> 00:56:24,359
Speaker 1: So I just want to say it was a little

1168
00:56:24,440 --> 00:56:27,479
Speaker 1: less clear cut than Lizo just out and out being

1169
00:56:27,600 --> 00:56:31,040
Speaker 1: like you're fad and I hate you or anything that blatant.

1170
00:56:31,520 --> 00:56:34,600
Speaker 1: So that was this dancer's interpretation. I don't know how

1171
00:56:34,640 --> 00:56:37,439
Speaker 1: that works out in terms of a lawsuit. I think

1172
00:56:37,480 --> 00:56:41,640
Speaker 1: some of the other stuff is, like, you know, these

1173
00:56:41,719 --> 00:56:45,839
Speaker 1: dancers clearly felt very pressured, like if they didn't want

1174
00:56:45,840 --> 00:56:47,960
Speaker 1: to go to this club, they just wanted to chill

1175
00:56:48,080 --> 00:56:51,160
Speaker 1: or this wasn't their thing. The one dancer, Ariana who's

1176
00:56:51,200 --> 00:56:53,759
Speaker 1: involved in this suit says she was known as being

1177
00:56:53,760 --> 00:56:57,480
Speaker 1: sort of like the most modest, and they didn't feel

1178
00:56:57,560 --> 00:57:01,440
Speaker 1: that they really had a choice and participate in these activities.

1179
00:57:01,760 --> 00:57:04,640
Speaker 1: They felt there was a lot of kind of bullying, shaming,

1180
00:57:04,840 --> 00:57:08,720
Speaker 1: harassment that Lizo created this you know, really toxic setting

1181
00:57:08,800 --> 00:57:10,920
Speaker 1: where they just felt sort of like powerless and like

1182
00:57:10,960 --> 00:57:12,920
Speaker 1: their whole lives were on the line if they didn't

1183
00:57:12,960 --> 00:57:15,719
Speaker 1: go along with whatever was happening there. And there's also

1184
00:57:15,760 --> 00:57:18,920
Speaker 1: this piece about the girl who led the woman who

1185
00:57:19,040 --> 00:57:25,600
Speaker 1: led the dancers, was they say, you know, really very religious, fine,

1186
00:57:25,880 --> 00:57:28,480
Speaker 1: but then really proselytizing to the others. But and then

1187
00:57:28,520 --> 00:57:31,400
Speaker 1: at the same time with like shame them for being

1188
00:57:31,520 --> 00:57:33,640
Speaker 1: virgins and post this. So she was like opposed the

1189
00:57:33,680 --> 00:57:36,160
Speaker 1: premaral sex, but then she was also like posting publicly

1190
00:57:36,200 --> 00:57:38,120
Speaker 1: and humiliating some of the girls who were.

1191
00:57:38,840 --> 00:57:40,120
Speaker 3: Weird weird stuff.

1192
00:57:40,560 --> 00:57:43,600
Speaker 1: Yeah, I mean, and clearly the hypocrisy is why this

1193
00:57:43,760 --> 00:57:46,120
Speaker 1: is a problem for her, because if you compare this

1194
00:57:46,240 --> 00:57:50,920
Speaker 1: to other artists and various things that they've done, it's

1195
00:57:51,120 --> 00:57:53,960
Speaker 1: really pales and compared not excusing Z's behavior, but it

1196
00:57:54,000 --> 00:57:57,120
Speaker 1: pales in comparison. It's the fact that she created this

1197
00:57:57,160 --> 00:57:59,600
Speaker 1: whole brand, and then you get a little peak belneath

1198
00:57:59,600 --> 00:58:03,000
Speaker 1: the service, and it's like you are not remotely who

1199
00:58:03,080 --> 00:58:04,760
Speaker 1: you are claiming to be to the public.

1200
00:58:04,800 --> 00:58:06,960
Speaker 2: I mean, I think I personal experience, I think a

1201
00:58:06,960 --> 00:58:09,600
Speaker 2: lot of people in this situation there's nothing more dehumanizing

1202
00:58:09,680 --> 00:58:11,760
Speaker 2: than having to like pretend and just go with the

1203
00:58:11,800 --> 00:58:15,160
Speaker 2: flow with whatever your boss wants. Specifically, during like a

1204
00:58:15,160 --> 00:58:17,200
Speaker 2: social thing, we were like, I don't want to be

1205
00:58:17,280 --> 00:58:19,280
Speaker 2: here right now. This is one of the last things

1206
00:58:19,280 --> 00:58:21,520
Speaker 2: that I would rather do. I'm giving up, you know,

1207
00:58:21,640 --> 00:58:24,320
Speaker 2: my personal time and like so many of the things

1208
00:58:24,360 --> 00:58:26,760
Speaker 2: that I would rather pretending to, like the type of

1209
00:58:26,800 --> 00:58:29,160
Speaker 2: food or whatever the hell that you're putting in front

1210
00:58:29,160 --> 00:58:30,600
Speaker 2: of me and having to sit there and kind of

1211
00:58:30,600 --> 00:58:32,080
Speaker 2: eat it with a smile on your face while you

1212
00:58:32,120 --> 00:58:36,200
Speaker 2: secretly hate yourself inside. That is a terrible experience. So

1213
00:58:36,240 --> 00:58:38,080
Speaker 2: like when she was talking about that, I'm like, man,

1214
00:58:38,200 --> 00:58:40,520
Speaker 2: especially you know, you're on the road, you're tired, you

1215
00:58:40,600 --> 00:58:42,760
Speaker 2: don't want to be doing this, and she's like, you

1216
00:58:42,800 --> 00:58:44,840
Speaker 2: got to come to the club. It's like I cannot.

1217
00:58:45,120 --> 00:58:48,600
Speaker 2: For me, first, I cannot imagine more nightmarriage type situation.

1218
00:58:48,920 --> 00:58:51,840
Speaker 2: But millions of Americans are put into that same type

1219
00:58:51,880 --> 00:58:54,800
Speaker 2: of environment in their own way, you know, by being

1220
00:58:54,840 --> 00:58:58,080
Speaker 2: forced into something or whatever with their boss. Sometimes it's okay,

1221
00:58:58,120 --> 00:58:59,520
Speaker 2: you know, sometimes you actually do want to do that

1222
00:58:59,560 --> 00:59:02,280
Speaker 2: and there's a genuine friendship, but the power differential is

1223
00:59:02,320 --> 00:59:05,240
Speaker 2: one that people who are bosses very often forget, and

1224
00:59:05,280 --> 00:59:08,200
Speaker 2: then they delude themselves into thinking that everybody actually does.

1225
00:59:08,320 --> 00:59:11,080
Speaker 3: Yeah, yeah, it's like, no, you're not.

1226
00:59:11,280 --> 00:59:14,440
Speaker 1: Yeah, still like you're still their boss, You're still really famous,

1227
00:59:14,480 --> 00:59:17,360
Speaker 1: you're still really powerful. They you know, they really kind

1228
00:59:17,360 --> 00:59:19,880
Speaker 1: of have their fate in your hands. Do you think

1229
00:59:19,880 --> 00:59:23,440
Speaker 1: that she can recover from the clearly her career Lizo

1230
00:59:23,960 --> 00:59:27,240
Speaker 1: has taken it. Yeah, yes, I mean my thing is like,

1231
00:59:27,560 --> 00:59:29,440
Speaker 1: I don't know, I'm kind of biased because I already

1232
00:59:29,440 --> 00:59:31,760
Speaker 1: found her music like a little bit tired, you know,

1233
00:59:31,840 --> 00:59:35,520
Speaker 1: since the initial like breakout hits. I haven't really been

1234
00:59:35,520 --> 00:59:37,440
Speaker 1: feeling it down much. So part of me is like,

1235
00:59:37,640 --> 00:59:40,080
Speaker 1: maybe her thing is just a little bit tired anyway,

1236
00:59:40,240 --> 00:59:42,320
Speaker 1: in which case I don't think she recovers, but clearly

1237
00:59:42,360 --> 00:59:43,680
Speaker 1: a lot of people still like the music, So.

1238
00:59:43,800 --> 00:59:46,120
Speaker 2: You be love Lizzo. I don't know, I mean in

1239
00:59:46,240 --> 00:59:48,800
Speaker 2: terms of yeah, like I think she'll be fine, you know,

1240
00:59:49,080 --> 00:59:52,280
Speaker 2: in the longer run, she'll eventually apologize or do whatever.

1241
00:59:52,520 --> 00:59:54,760
Speaker 2: I do think that kind of to your point, there

1242
00:59:54,840 --> 00:59:58,080
Speaker 2: is something tired about the brand of like lean in

1243
00:59:58,240 --> 01:00:03,240
Speaker 2: feminism that Lizzo is, I guess embodies, And there's something

1244
01:00:03,280 --> 01:00:06,360
Speaker 2: around like the political correctness discussion and then the whole

1245
01:00:06,440 --> 01:00:09,680
Speaker 2: like fat acceptance movement and all of that just was

1246
01:00:09,800 --> 01:00:12,800
Speaker 2: just codes cringe. I think in a way whereas it

1247
01:00:12,840 --> 01:00:15,400
Speaker 2: would have been more celebrated by the media, I would

1248
01:00:15,400 --> 01:00:18,080
Speaker 2: say even three maybe four years ago. Maybe partially also

1249
01:00:18,080 --> 01:00:20,120
Speaker 2: why people are willing to turn on her, you know now,

1250
01:00:20,680 --> 01:00:22,120
Speaker 2: So I don't know, I don't know what It all

1251
01:00:22,240 --> 01:00:23,880
Speaker 2: kind of leads to I'm the last person. I guess.

1252
01:00:23,960 --> 01:00:25,919
Speaker 3: I feel like, if the music is good, people are.

1253
01:00:25,840 --> 01:00:26,240
Speaker 5: Going to over.

1254
01:00:26,360 --> 01:00:26,520
Speaker 8: Yeah.

1255
01:00:26,560 --> 01:00:27,840
Speaker 2: I mean, here's the thing about music.

1256
01:00:27,960 --> 01:00:29,600
Speaker 3: Is not that good, then people will move on.

1257
01:00:29,720 --> 01:00:33,400
Speaker 2: Kanye is literally like spousing naziality. Go walk into a

1258
01:00:33,480 --> 01:00:35,960
Speaker 2: gym anywhere in this country, they're gonna be blasting con.

1259
01:00:36,080 --> 01:00:37,560
Speaker 2: Just the other day I was doing it. But it's

1260
01:00:37,560 --> 01:00:39,640
Speaker 2: like when Kanye came on as Yeah.

1261
01:00:39,440 --> 01:00:41,360
Speaker 3: But it's like Kanye from at least ten years ago.

1262
01:00:42,000 --> 01:00:42,680
Speaker 2: This stuff is.

1263
01:00:44,400 --> 01:00:45,000
Speaker 3: Total trash.

1264
01:00:45,000 --> 01:00:46,680
Speaker 2: But if power comes on, you're at the bottom of

1265
01:00:46,760 --> 01:00:53,240
Speaker 2: a set, all right, a crystal, what are you taking

1266
01:00:53,280 --> 01:00:53,680
Speaker 2: to look at?

1267
01:00:53,760 --> 01:00:54,000
Speaker 5: Well?

1268
01:00:54,240 --> 01:00:58,200
Speaker 1: Jim Kramer was distressed, dismayed, and frightened on a recent

1269
01:00:58,280 --> 01:01:00,880
Speaker 1: day over at CNBC Studios. The source of his panic

1270
01:01:01,240 --> 01:01:05,000
Speaker 1: a new militancy among autoworkers, led by new UAW President

1271
01:01:05,000 --> 01:01:07,520
Speaker 1: Sean Fainne, who are pushing hard for a better contract

1272
01:01:07,560 --> 01:01:08,440
Speaker 1: and threatening a strike.

1273
01:01:08,520 --> 01:01:09,080
Speaker 3: Take a listen.

1274
01:01:09,200 --> 01:01:12,240
Speaker 9: I want you to compare the labor negotiations here to

1275
01:01:12,320 --> 01:01:15,520
Speaker 9: the ones in auto where I think there's going to

1276
01:01:15,560 --> 01:01:16,600
Speaker 9: be a strike and I think.

1277
01:01:16,440 --> 01:01:19,760
Speaker 2: It's gonna be horrible. You're making that call September fourteen,

1278
01:01:20,080 --> 01:01:21,120
Speaker 2: I think they're going to strike.

1279
01:01:22,080 --> 01:01:27,840
Speaker 9: Just the Champagne, the guy who runs the UAW, I

1280
01:01:27,880 --> 01:01:28,600
Speaker 9: find him frightened.

1281
01:01:28,800 --> 01:01:31,680
Speaker 2: And Teamster's ups didn't give you any solid.

1282
01:01:31,480 --> 01:01:34,040
Speaker 5: Teamster turned out to be get a good deal.

1283
01:01:34,960 --> 01:01:38,920
Speaker 9: Teams are historically very powerful, union rich union. But the

1284
01:01:40,160 --> 01:01:45,360
Speaker 9: UAW leader one there was a contestant, very contested between

1285
01:01:46,160 --> 01:01:47,200
Speaker 9: the company.

1286
01:01:46,840 --> 01:01:47,959
Speaker 5: The union that wants to.

1287
01:01:47,880 --> 01:01:51,720
Speaker 9: Work with the autos together to try to preserve some

1288
01:01:51,840 --> 01:01:54,560
Speaker 9: jobs and give the elder people.

1289
01:01:54,360 --> 01:01:55,360
Speaker 2: A good, good pay.

1290
01:01:55,800 --> 01:01:58,720
Speaker 5: And then this man Sean who is.

1291
01:02:00,160 --> 01:02:03,640
Speaker 9: Just talking about capitalism and the nature of capitalism and

1292
01:02:03,680 --> 01:02:05,760
Speaker 9: how it's really hurt workers.

1293
01:02:06,520 --> 01:02:10,040
Speaker 5: This is very Walter Ruther language.

1294
01:02:10,040 --> 01:02:13,040
Speaker 9: It's say, it's the kind of language that when we

1295
01:02:13,200 --> 01:02:16,479
Speaker 9: when we had in this country, will take you down

1296
01:02:17,400 --> 01:02:20,600
Speaker 9: if you don't play ball. That's the language I'm hearing

1297
01:02:20,680 --> 01:02:23,160
Speaker 9: for UAW. And look, I mean it's the kind of

1298
01:02:23,200 --> 01:02:24,640
Speaker 9: language where you just say, you know what we should

1299
01:02:24,640 --> 01:02:26,760
Speaker 9: have built all our evs in Mexico.

1300
01:02:27,200 --> 01:02:28,360
Speaker 2: It's that bad.

1301
01:02:28,640 --> 01:02:31,800
Speaker 9: I don't think people are paying enough attention the man is.

1302
01:02:32,080 --> 01:02:34,880
Speaker 9: I'm not saying he's irrational. I'm saying he was elected, sure,

1303
01:02:34,920 --> 01:02:36,560
Speaker 9: in order to make it so that there's a very

1304
01:02:36,600 --> 01:02:38,760
Speaker 9: short week to find benefit back.

1305
01:02:39,520 --> 01:02:40,400
Speaker 5: And then the.

1306
01:02:40,320 --> 01:02:45,080
Speaker 9: Notion that we're fat cats. The shareholders are fat cats

1307
01:02:45,160 --> 01:02:47,480
Speaker 9: and have been overly rewarded.

1308
01:02:47,560 --> 01:02:48,320
Speaker 5: We haven't seen this.

1309
01:02:48,640 --> 01:02:51,920
Speaker 9: That's please class warfare, and it's very shocking.

1310
01:02:51,480 --> 01:02:53,919
Speaker 1: To hear class war I honestly got to start watching

1311
01:02:54,000 --> 01:02:57,560
Speaker 1: CNBC more because that was some fantastic content. So Kramer there,

1312
01:02:57,600 --> 01:03:00,600
Speaker 1: he said, it's class warfare, and it's very shocking to

1313
01:03:00,640 --> 01:03:03,200
Speaker 1: hear class warfare. So let's talk a little bit about

1314
01:03:03,200 --> 01:03:04,680
Speaker 1: this class warfare, shall we?

1315
01:03:04,760 --> 01:03:04,920
Speaker 5: Now?

1316
01:03:04,960 --> 01:03:06,560
Speaker 1: Back in two thousand and eight and two thousand and

1317
01:03:06,640 --> 01:03:08,200
Speaker 1: nine to set the stage here, when the Big Three

1318
01:03:08,240 --> 01:03:10,920
Speaker 1: were on the verge of collapse, the BOMA administration decided

1319
01:03:10,960 --> 01:03:13,360
Speaker 1: to bail out the industry in order to protect jobs

1320
01:03:13,400 --> 01:03:16,640
Speaker 1: at American manufacturing capacity. And honestly, it was the right call.

1321
01:03:17,040 --> 01:03:19,080
Speaker 1: But wasn't only the government that stepped up to save

1322
01:03:19,120 --> 01:03:23,000
Speaker 1: the automakers. It was workers at those automakers who offered

1323
01:03:23,000 --> 01:03:27,280
Speaker 1: their own bailout. They put on the chopping block wages, pensions,

1324
01:03:27,280 --> 01:03:29,920
Speaker 1: and healthcare benefits. Now, the rhetoric at the time from

1325
01:03:29,920 --> 01:03:32,240
Speaker 1: the executives, of course, was oh, we're all in this together.

1326
01:03:32,720 --> 01:03:36,920
Speaker 1: When profits returned, the gains all flowed to the top. Today,

1327
01:03:37,040 --> 01:03:39,920
Speaker 1: starting wages at the Big three are about ten dollars

1328
01:03:40,040 --> 01:03:42,400
Speaker 1: lower per hour than they were back in two thousand

1329
01:03:42,400 --> 01:03:45,280
Speaker 1: and seven when you account for inflation. In the bailout,

1330
01:03:45,560 --> 01:03:48,520
Speaker 1: workers gave up annual cost of living increases, something that

1331
01:03:48,560 --> 01:03:51,360
Speaker 1: the UAW first won back in the nineteen forties, and

1332
01:03:51,400 --> 01:03:54,600
Speaker 1: without those gains to keep up with inflation, worker wages

1333
01:03:54,640 --> 01:03:58,320
Speaker 1: for both new and experienced workers fell further and further behind.

1334
01:03:59,000 --> 01:04:01,080
Speaker 1: Not so for the CEO those of the automakers, though

1335
01:04:01,160 --> 01:04:03,720
Speaker 1: they have seen their pace bike forty percent in just

1336
01:04:03,760 --> 01:04:07,040
Speaker 1: the past several years, widening a massive gulf between the

1337
01:04:07,040 --> 01:04:09,720
Speaker 1: pay of the executives and those of the workers who slaver,

1338
01:04:09,840 --> 01:04:10,680
Speaker 1: of course, makes.

1339
01:04:10,480 --> 01:04:11,280
Speaker 3: The whole thing go.

1340
01:04:11,800 --> 01:04:14,480
Speaker 1: In fact, at a time when the typical GM employees'

1341
01:04:14,520 --> 01:04:18,479
Speaker 1: wages went down, CEO Mary Bara got a huge race,

1342
01:04:18,640 --> 01:04:21,920
Speaker 1: saw her overall compensation jump up to twenty nine million

1343
01:04:21,960 --> 01:04:24,880
Speaker 1: dollars per year. This was class war all right, the

1344
01:04:24,960 --> 01:04:27,600
Speaker 1: kind that has been standard fair in America since the eighties,

1345
01:04:27,640 --> 01:04:30,160
Speaker 1: the kind that Jim Kramer is very comfy with, where

1346
01:04:30,200 --> 01:04:33,280
Speaker 1: the working class always loses. Now, take a listen to

1347
01:04:33,360 --> 01:04:37,000
Speaker 1: how uaw president that Kramer reference there, Sean Fain, take

1348
01:04:37,000 --> 01:04:39,440
Speaker 1: a listen to how he described the class warfare that

1349
01:04:39,480 --> 01:04:41,720
Speaker 1: has been waged against his members at a time when

1350
01:04:41,760 --> 01:04:44,959
Speaker 1: the automakers are back to record breaking profitability.

1351
01:04:45,120 --> 01:04:47,240
Speaker 10: So one, are the Big Three done with these staggering profits?

1352
01:04:48,200 --> 01:04:51,120
Speaker 10: Instead of rewarding the workers who spent long hours, wrecking

1353
01:04:51,120 --> 01:04:53,640
Speaker 10: their bodies on the line to make these profits possible,

1354
01:04:53,840 --> 01:04:56,720
Speaker 10: the Big Three of funnel billions into stock buyback schemes

1355
01:04:56,840 --> 01:04:59,840
Speaker 10: that artificially inflate the value of company shares and further

1356
01:04:59,880 --> 01:05:03,280
Speaker 10: in rich company executives in the top one percent. That's

1357
01:05:03,320 --> 01:05:05,800
Speaker 10: billions of dollars that have been robbed from the workers

1358
01:05:05,800 --> 01:05:09,080
Speaker 10: who made these profits possible. That's billions of dollars that

1359
01:05:09,120 --> 01:05:12,040
Speaker 10: weren't spent on the EV transition. So when the Big

1360
01:05:12,040 --> 01:05:14,200
Speaker 10: Three say the future is uncertain and that the EV

1361
01:05:14,320 --> 01:05:17,280
Speaker 10: transition's expensive, remember that they've made a quarter of a

1362
01:05:17,280 --> 01:05:20,400
Speaker 10: trillion in North American profits over the last decade. And

1363
01:05:20,480 --> 01:05:24,000
Speaker 10: afford billions of it into special dividends, stock buybacks, and

1364
01:05:24,080 --> 01:05:28,160
Speaker 10: supersize executive compensation. Our message going into bargaining is clear,

1365
01:05:28,640 --> 01:05:30,600
Speaker 10: record profits mean record contracts.

1366
01:05:30,680 --> 01:05:34,040
Speaker 1: But it is not just lacking wages, multitier compensation, and

1367
01:05:34,080 --> 01:05:37,720
Speaker 1: degraded benefits that has UAW members up at arms. They

1368
01:05:37,840 --> 01:05:41,720
Speaker 1: see this current contract negotiation as existential because of something

1369
01:05:41,760 --> 01:05:45,160
Speaker 1: that Sean Fadn referenced there, the EV transition. Now, the

1370
01:05:45,240 --> 01:05:48,320
Speaker 1: union does not oppose the transition to electric vehicles, They

1371
01:05:48,360 --> 01:05:51,920
Speaker 1: just oppose using that transition as an excuse to screw workers,

1372
01:05:51,920 --> 01:05:54,320
Speaker 1: which of course is exactly what the automakers are doing

1373
01:05:54,640 --> 01:05:57,000
Speaker 1: with I might add and assist from the Biden administration.

1374
01:05:57,480 --> 01:06:00,440
Speaker 1: Many of the new EV battery plants are joint partnerships

1375
01:06:00,480 --> 01:06:03,880
Speaker 1: with foreign companies that are not subject to UAW contracts.

1376
01:06:04,080 --> 01:06:06,880
Speaker 1: These new plants are also concentrated in Southern states and

1377
01:06:07,000 --> 01:06:10,160
Speaker 1: environments that are more hostile to unionization, and already the

1378
01:06:10,240 --> 01:06:12,640
Speaker 1: union has plenty of examples to point to where lower

1379
01:06:12,640 --> 01:06:16,920
Speaker 1: paid EV jobs are replacing higher paid gas powered vehicle jobs.

1380
01:06:17,240 --> 01:06:19,080
Speaker 3: Lordstown, Ohio is a perfect example.

1381
01:06:19,080 --> 01:06:22,320
Speaker 1: Here, GM closed their storied plants in the town, only

1382
01:06:22,360 --> 01:06:25,760
Speaker 1: to reopen an ev battery joint venture where workers make

1383
01:06:26,120 --> 01:06:29,000
Speaker 1: half of what the old labor force was earning. And

1384
01:06:29,120 --> 01:06:31,760
Speaker 1: UAW isn't just waging war with the automakers over the

1385
01:06:31,800 --> 01:06:35,560
Speaker 1: state of affairs, but also with the Biden administration. After all,

1386
01:06:35,960 --> 01:06:39,240
Speaker 1: no surprise that giant corporate multinationals would do everything they

1387
01:06:39,280 --> 01:06:40,240
Speaker 1: can to cheat labor.

1388
01:06:40,600 --> 01:06:42,360
Speaker 3: Biden, hey is supposed to be.

1389
01:06:42,320 --> 01:06:45,120
Speaker 1: The most pro union president ever, and yet his ev

1390
01:06:45,280 --> 01:06:48,600
Speaker 1: incentives did not include necessary requirements that the jobs created

1391
01:06:48,640 --> 01:06:52,040
Speaker 1: the union or even match the pay and benefit rates

1392
01:06:52,080 --> 01:06:56,280
Speaker 1: of existing auto manufacturing jobs. In fact, bucking the trend

1393
01:06:56,440 --> 01:06:59,000
Speaker 1: of many other unions which have fallen in line behind

1394
01:06:59,000 --> 01:07:02,920
Speaker 1: Biden's reelect Fane and the UAW pointedly refuse to endorse

1395
01:07:02,960 --> 01:07:06,000
Speaker 1: the president. They instead issued a scathing rebuke of the

1396
01:07:06,080 --> 01:07:08,800
Speaker 1: no strings attached dollars, slamming them for quote funding, a

1397
01:07:08,880 --> 01:07:12,680
Speaker 1: raise to the bottom, and facilitating corporate greed. Everything is

1398
01:07:12,720 --> 01:07:15,000
Speaker 1: really at stake for workers in the auto industry right now,

1399
01:07:15,000 --> 01:07:18,400
Speaker 1: and they're huge implications overall for the dying American middle class.

1400
01:07:18,720 --> 01:07:21,760
Speaker 1: These workers join the ranks of hundreds of thousands of

1401
01:07:21,800 --> 01:07:24,360
Speaker 1: others who are using this time of fat profits and

1402
01:07:24,400 --> 01:07:27,080
Speaker 1: tight labor markets to try to strike a better deal

1403
01:07:27,160 --> 01:07:30,360
Speaker 1: and clawback some portion of what workers have lost out

1404
01:07:30,360 --> 01:07:33,000
Speaker 1: to capital over the past four years. And I have

1405
01:07:33,080 --> 01:07:35,880
Speaker 1: to tell you pretty impressed with the audacity of the

1406
01:07:35,920 --> 01:07:38,920
Speaker 1: auto workers asks. They are pushing for a twenty percent

1407
01:07:38,960 --> 01:07:42,160
Speaker 1: pay hike now with additional five percent increases until the

1408
01:07:42,200 --> 01:07:45,240
Speaker 1: pay increase reaches forty percent number, which, by the way,

1409
01:07:45,440 --> 01:07:48,240
Speaker 1: consistent with the pay hikes that the big three CEOs

1410
01:07:48,280 --> 01:07:50,680
Speaker 1: have garnered over just the past several years. They are

1411
01:07:50,680 --> 01:07:53,560
Speaker 1: also asking for a right to strike over plant closures

1412
01:07:53,640 --> 01:07:56,000
Speaker 1: and for automakers to fund a program that would keep

1413
01:07:56,040 --> 01:07:59,440
Speaker 1: workers employed if those automakers decide to close a plant.

1414
01:07:59,520 --> 01:08:02,360
Speaker 1: They're to make that EV workers get the same deal

1415
01:08:02,400 --> 01:08:05,920
Speaker 1: as non EV workers, and they're making some real demands

1416
01:08:05,920 --> 01:08:08,760
Speaker 1: for work life balance, including shorter work weeks and more

1417
01:08:08,800 --> 01:08:11,640
Speaker 1: paid time off. Contrast that with the pasture of the

1418
01:08:11,680 --> 01:08:14,440
Speaker 1: labor movement since the nineties, where they were constantly on

1419
01:08:14,480 --> 01:08:17,559
Speaker 1: the back foot, constantly playing defense, trying to keep the

1420
01:08:17,560 --> 01:08:20,479
Speaker 1: concessions from cutting too deep. Now we got a new

1421
01:08:20,560 --> 01:08:22,360
Speaker 1: leadership with the Team Starts, which just won quite a

1422
01:08:22,360 --> 01:08:24,200
Speaker 1: bit for their members and a tentative deal that their

1423
01:08:24,200 --> 01:08:27,040
Speaker 1: members are now voting on three hundred and twenty three

1424
01:08:27,080 --> 01:08:29,720
Speaker 1: thousand workers across the country have already gone out on

1425
01:08:29,760 --> 01:08:31,559
Speaker 1: strike this year, making it one of the biggest years

1426
01:08:31,560 --> 01:08:34,080
Speaker 1: for strikes since the year two thousand. Among those workers,

1427
01:08:34,080 --> 01:08:35,880
Speaker 1: of course, are the writers and actors who are fighting

1428
01:08:35,920 --> 01:08:38,120
Speaker 1: their own existential battle to have a stake in the

1429
01:08:38,120 --> 01:08:40,680
Speaker 1: future of that industry. And this all comes at a

1430
01:08:40,720 --> 01:08:44,400
Speaker 1: time when public support for unions has skyrocketed across party lines,

1431
01:08:44,439 --> 01:08:48,800
Speaker 1: forming a new national consensus, bipartisan consensus in favor of

1432
01:08:48,880 --> 01:08:50,120
Speaker 1: workers against capital.

1433
01:08:50,640 --> 01:08:53,439
Speaker 3: It is truly a new day. So yeah, I guess.

1434
01:08:53,240 --> 01:08:55,519
Speaker 1: Maybe Jim Kramer is right to be a little trembling

1435
01:08:55,640 --> 01:08:58,280
Speaker 1: over the class war because for the first time in

1436
01:08:58,320 --> 01:09:02,519
Speaker 1: my life, his side of the last war could actually lose.

1437
01:09:02,840 --> 01:09:05,479
Speaker 1: And this is the next big fight. September is the

1438
01:09:05,479 --> 01:09:07,080
Speaker 1: deadline for these contract negociates.

1439
01:09:07,080 --> 01:09:09,799
Speaker 2: And if you want to hear my reaction to Crystal's monologue,

1440
01:09:09,800 --> 01:09:15,600
Speaker 2: become a premium subscriber today at Breakingpoints dot Com.

1441
01:09:15,640 --> 01:09:17,080
Speaker 3: All right, sorry, were we looking at well?

1442
01:09:17,120 --> 01:09:18,960
Speaker 2: In the beginning, when the United States and the West

1443
01:09:19,000 --> 01:09:21,639
Speaker 2: through their economic might against Russia, there was a universal

1444
01:09:21,680 --> 01:09:24,280
Speaker 2: narrative one that I to at least kind of thought, man,

1445
01:09:24,360 --> 01:09:27,760
Speaker 2: the Russian economy is screwed. There really was no turning back.

1446
01:09:27,840 --> 01:09:31,559
Speaker 2: There seemply seemed no way that Russia, a declining power

1447
01:09:31,600 --> 01:09:34,479
Speaker 2: with little resources other than minerals and oil, could hang

1448
01:09:34,520 --> 01:09:37,280
Speaker 2: on without some serious problem. That was based upon all

1449
01:09:37,280 --> 01:09:40,240
Speaker 2: of our general understanding of the global economy, one in

1450
01:09:40,280 --> 01:09:43,439
Speaker 2: which the global economy is backstopped by the US dollar

1451
01:09:43,520 --> 01:09:45,720
Speaker 2: and the US power, one which the US and the

1452
01:09:45,760 --> 01:09:49,080
Speaker 2: West control, to the global financial system, where if one

1453
01:09:49,120 --> 01:09:52,200
Speaker 2: is cut off it becomes incredibly difficult to conduct commerce.

1454
01:09:52,640 --> 01:09:56,360
Speaker 2: Almost immediately, however, cracks began to show. It turned out

1455
01:09:56,479 --> 01:09:58,320
Speaker 2: the rest of the world didn't really agree with our

1456
01:09:58,360 --> 01:10:01,280
Speaker 2: view of the Russia Ukraine conflict, or even if they did,

1457
01:10:01,360 --> 01:10:04,200
Speaker 2: they didn't care nearly enough to stop buying oil from Putin,

1458
01:10:04,479 --> 01:10:06,320
Speaker 2: especially when there was a good deal to be had.

1459
01:10:06,560 --> 01:10:10,080
Speaker 2: And slowly, something even more frightening is becoming clear. What

1460
01:10:10,160 --> 01:10:12,800
Speaker 2: if the United States isn't nearly as powerful as we

1461
01:10:12,840 --> 01:10:15,559
Speaker 2: once thought. What if we don't really have control over

1462
01:10:15,600 --> 01:10:18,120
Speaker 2: the global financial system as we wanted, And what if

1463
01:10:18,160 --> 01:10:21,599
Speaker 2: instead we have accelerated the development of multipolarity and a

1464
01:10:21,640 --> 01:10:23,680
Speaker 2: world where the US does not nearly have as much

1465
01:10:23,720 --> 01:10:26,479
Speaker 2: say in the affairs of the world. It's difficult eighteen

1466
01:10:26,520 --> 01:10:29,000
Speaker 2: months later not to come to that conclusion, as we

1467
01:10:29,040 --> 01:10:31,200
Speaker 2: have a look at the middling effects that US sanctions

1468
01:10:31,240 --> 01:10:33,720
Speaker 2: have had on the Russian economy. Just last week came

1469
01:10:33,760 --> 01:10:36,759
Speaker 2: a stunning announcement from the IMF, the International Monetary Fund,

1470
01:10:36,920 --> 01:10:39,240
Speaker 2: the Russian economy is going to grow this year by

1471
01:10:39,280 --> 01:10:42,479
Speaker 2: one point five percent. How can an economy so cut

1472
01:10:42,520 --> 01:10:46,200
Speaker 2: off from the West, so attacked, not only survive but grow.

1473
01:10:46,400 --> 01:10:48,960
Speaker 2: The answer is important for us to understand. It tells

1474
01:10:48,960 --> 01:10:50,600
Speaker 2: a story of how the rest of the world is

1475
01:10:50,640 --> 01:10:52,920
Speaker 2: really not with us on Ukraine. The first and most

1476
01:10:52,920 --> 01:10:55,320
Speaker 2: important to that story is oil. The West and the

1477
01:10:55,439 --> 01:10:57,759
Speaker 2: US have cut themselves off, but as I said earlier,

1478
01:10:57,960 --> 01:11:00,000
Speaker 2: doesn't mean the rest of the world is, And in fact,

1479
01:11:00,240 --> 01:11:02,920
Speaker 2: despite efforts by the European Union and the US to

1480
01:11:03,000 --> 01:11:05,519
Speaker 2: cap the price on Russian crude oil, the price is

1481
01:11:05,560 --> 01:11:07,880
Speaker 2: high enough at a discount that Russia has been able

1482
01:11:07,920 --> 01:11:11,200
Speaker 2: to facilitate enough money into its economy and fund its

1483
01:11:11,200 --> 01:11:13,559
Speaker 2: war machine. The Wall Street Journal even says that the

1484
01:11:13,600 --> 01:11:17,519
Speaker 2: current global position is especially advantageous to Russia. The countries

1485
01:11:17,640 --> 01:11:21,519
Speaker 2: most likely to depart from the Western Ukraine consensus are India, China,

1486
01:11:21,600 --> 01:11:26,360
Speaker 2: and other rapidly growing industrialized Asian countries. These Asian countries

1487
01:11:26,920 --> 01:11:31,760
Speaker 2: comprise almost three quarters of all global economic growth this year.

1488
01:11:31,960 --> 01:11:34,759
Speaker 2: They are happily consuming Russian oil at a steep discount,

1489
01:11:34,880 --> 01:11:39,200
Speaker 2: fueling their industrial economies Without Asian cooperation, Western sanctions have

1490
01:11:39,240 --> 01:11:43,240
Speaker 2: found themselves able only to slightly dent Russian revenues instead

1491
01:11:43,240 --> 01:11:46,080
Speaker 2: of cripple them as they once thought. This story, of course,

1492
01:11:46,120 --> 01:11:48,920
Speaker 2: has been told here many times now and looked at deeply.

1493
01:11:49,080 --> 01:11:52,120
Speaker 2: But the other question, the question of Russian economic resilience,

1494
01:11:52,439 --> 01:11:55,920
Speaker 2: is equally piercing in its indictment of Western sanctions US

1495
01:11:55,960 --> 01:11:59,000
Speaker 2: and Western bands on exports to Russia, especially if anything

1496
01:11:59,040 --> 01:12:01,439
Speaker 2: thought to be able to fuel war machine was thought

1497
01:12:01,439 --> 01:12:04,320
Speaker 2: to be deadly to the Russian military's ability to wage

1498
01:12:04,320 --> 01:12:08,679
Speaker 2: war on Ukraine. However, instead of directly importing Western tech,

1499
01:12:08,880 --> 01:12:12,040
Speaker 2: the Kremlin simply buys it via third parties who are

1500
01:12:12,080 --> 01:12:18,720
Speaker 2: not subject to sanctions, namely former Soviet socialist republics Armenia, Georgia, Kyrghyzstan,

1501
01:12:18,920 --> 01:12:22,479
Speaker 2: z Pakistan, Kazakhstan. By importing the exact same things through

1502
01:12:22,520 --> 01:12:25,400
Speaker 2: third parties, they quickly have been able to import materials

1503
01:12:25,400 --> 01:12:28,479
Speaker 2: they need for precision guided weaponry. Which in recent months

1504
01:12:28,520 --> 01:12:33,240
Speaker 2: has been bombarding Ukraine on a near daily basis even

1505
01:12:33,280 --> 01:12:36,080
Speaker 2: deeper than that, though, it's a profound view into what

1506
01:12:36,120 --> 01:12:39,120
Speaker 2: the real strength of an economy is what matters when

1507
01:12:39,120 --> 01:12:42,320
Speaker 2: the chips are down. Despite being nearly cut off from

1508
01:12:42,360 --> 01:12:45,840
Speaker 2: the entire Western led financial system, Russia has turned to

1509
01:12:45,880 --> 01:12:48,640
Speaker 2: its hard assets that it has its disposal and is

1510
01:12:48,680 --> 01:12:51,640
Speaker 2: putting oil revenue to the most direct use, pumping it

1511
01:12:51,760 --> 01:12:55,360
Speaker 2: right back into the economy, spending massively on industrial production

1512
01:12:55,439 --> 01:12:58,040
Speaker 2: to continue at the war effort. Russian government spending is

1513
01:12:58,080 --> 01:13:02,040
Speaker 2: now fourteen percent of the entire country's with an explosion

1514
01:13:02,080 --> 01:13:06,400
Speaker 2: of weapons and ammunition spending and of computers, electronics optical outputs,

1515
01:13:06,640 --> 01:13:09,919
Speaker 2: the government has effectively created a government stimulus by orienting

1516
01:13:09,960 --> 01:13:12,360
Speaker 2: its spending around the war effort, with an increase in

1517
01:13:12,439 --> 01:13:14,960
Speaker 2: material being sent to the front line and easing the

1518
01:13:14,960 --> 01:13:17,400
Speaker 2: effect of any of the war at home on the

1519
01:13:17,400 --> 01:13:20,280
Speaker 2: elite front. Sanctions two have clearly failed. One of the

1520
01:13:20,280 --> 01:13:22,840
Speaker 2: efforts by the West was to wage economic war on

1521
01:13:22,960 --> 01:13:26,760
Speaker 2: Russian oligarchs and billionaires with two hopes. One, seize the

1522
01:13:26,840 --> 01:13:30,960
Speaker 2: assets create economic problems inside Russia, the other fuel rebellion

1523
01:13:31,000 --> 01:13:34,360
Speaker 2: against Putin, encourage people to speak out and save their finances.

1524
01:13:34,640 --> 01:13:38,639
Speaker 2: Almost no high high profile oligarchs, however, have spoken out,

1525
01:13:38,840 --> 01:13:41,639
Speaker 2: save for that very weird pregosion coup that lasted forty

1526
01:13:41,680 --> 01:13:46,040
Speaker 2: eight hours. Instead, something else entirely has occurred. Many oligarchs,

1527
01:13:46,120 --> 01:13:49,120
Speaker 2: now seem entirely cut off from their finances in the West,

1528
01:13:49,320 --> 01:13:53,360
Speaker 2: have found themselves actually more dependent on Putin than ever before.

1529
01:13:53,680 --> 01:13:57,200
Speaker 2: They can't speak out because it means absolute financial destruction

1530
01:13:57,320 --> 01:13:59,360
Speaker 2: at home, and as long as they and their families

1531
01:13:59,360 --> 01:14:02,280
Speaker 2: are inside Russia, they more or less have less agency

1532
01:14:02,320 --> 01:14:04,760
Speaker 2: than they once did when they simply relied on him,

1533
01:14:04,880 --> 01:14:08,240
Speaker 2: but also were able to hobnob with the Western financial alite.

1534
01:14:08,600 --> 01:14:10,840
Speaker 2: And all of this is a familiar story the law

1535
01:14:10,880 --> 01:14:14,439
Speaker 2: of unintended consequences, and worse, a reveal of what power

1536
01:14:14,479 --> 01:14:17,439
Speaker 2: the US has in real terms. We have discovered our

1537
01:14:17,479 --> 01:14:20,320
Speaker 2: ability to compel another date, another nation to do what

1538
01:14:20,360 --> 01:14:24,000
Speaker 2: we want in financial terms actually didn't work. And worse,

1539
01:14:24,200 --> 01:14:27,080
Speaker 2: we have forced our actual strategic partners in Asia to

1540
01:14:27,160 --> 01:14:29,759
Speaker 2: make a choice between their own economies and a moral

1541
01:14:29,800 --> 01:14:33,879
Speaker 2: war we're waging which does not affect our actual material interests.

1542
01:14:34,080 --> 01:14:36,839
Speaker 2: The end result of this will be a study by Beijing,

1543
01:14:37,040 --> 01:14:40,160
Speaker 2: how do you sanction proof your entire economy, and in

1544
01:14:40,280 --> 01:14:43,320
Speaker 2: eye opening across South America in Asia they have much

1545
01:14:43,320 --> 01:14:46,160
Speaker 2: more autonomy than they once thought without being touched by

1546
01:14:46,240 --> 01:14:49,479
Speaker 2: US public opinion. The net result is one which nobody wanted.

1547
01:14:49,680 --> 01:14:53,040
Speaker 2: The West and the US are weaker. Ukraine is under siege,

1548
01:14:53,080 --> 01:14:56,559
Speaker 2: embroiled in a devastating war of attrition. The Kremlin has

1549
01:14:56,680 --> 01:14:59,839
Speaker 2: zero signs of stopping. If that's not the definition of failure,

1550
01:15:00,120 --> 01:15:03,360
Speaker 2: I'm not sure what is. I mean, everybody predicted otherwise.

1551
01:15:03,720 --> 01:15:06,280
Speaker 2: They not only survived. IMF says they're going to grow.

1552
01:15:06,560 --> 01:15:07,840
Speaker 2: And it's a real lesson too, you know.

1553
01:15:07,960 --> 01:15:10,759
Speaker 1: And if you want to hear my reaction to Sagres's monologue,

1554
01:15:10,840 --> 01:15:17,400
Speaker 1: become a premium subscriber today at Breakingpoints dot com. All right, guys,

1555
01:15:17,479 --> 01:15:20,080
Speaker 1: very excited to be joined by the former press secretary

1556
01:15:20,160 --> 01:15:22,599
Speaker 1: for doctor Jill Biden is someone I've known for quite

1557
01:15:22,640 --> 01:15:22,960
Speaker 1: a while.

1558
01:15:23,000 --> 01:15:25,080
Speaker 3: Michael E. Rosa, welcome. Great to have you.

1559
01:15:25,160 --> 01:15:26,200
Speaker 5: Thank you for having mee.

1560
01:15:26,360 --> 01:15:26,639
Speaker 2: Michael.

1561
01:15:26,760 --> 01:15:28,920
Speaker 1: We want to have you on because you're not, you know,

1562
01:15:29,040 --> 01:15:32,680
Speaker 1: an totally uncritical you know, Biden's fan, but you do

1563
01:15:32,760 --> 01:15:35,240
Speaker 1: support him for reelection, and so we wanted to hear

1564
01:15:35,400 --> 01:15:39,040
Speaker 1: you strongly make the case. So first question I have

1565
01:15:39,160 --> 01:15:41,360
Speaker 1: for you is just what great greade do you give

1566
01:15:41,439 --> 01:15:42,760
Speaker 1: him as president so far?

1567
01:15:43,200 --> 01:15:44,479
Speaker 8: Well, first of all, I want to say that I'm

1568
01:15:44,520 --> 01:15:47,640
Speaker 8: a huge Biden fan I have. You know, sometimes I

1569
01:15:47,720 --> 01:15:52,720
Speaker 8: take issue with sort of the you know, strategies around

1570
01:15:52,960 --> 01:15:55,759
Speaker 8: him that are pursued, But I love all those guys,

1571
01:15:55,880 --> 01:15:58,680
Speaker 8: and you know we you know, winning an election like

1572
01:15:58,720 --> 01:16:02,000
Speaker 8: that in twenty twenty against incumbent and being an underdog

1573
01:16:02,040 --> 01:16:05,000
Speaker 8: basically in a primary, you go through a lot with people,

1574
01:16:05,080 --> 01:16:07,479
Speaker 8: and certainly me and the first lady who traveled together

1575
01:16:07,560 --> 01:16:10,120
Speaker 8: for you know, three years, and so I have a

1576
01:16:10,120 --> 01:16:13,240
Speaker 8: lot of affection and for the family personally and the

1577
01:16:13,240 --> 01:16:17,479
Speaker 8: president personally. But I would also say that as president,

1578
01:16:18,720 --> 01:16:22,519
Speaker 8: judging by any historic historic measure, you might disagree with

1579
01:16:22,560 --> 01:16:25,120
Speaker 8: what he has done, but he has been the most

1580
01:16:25,160 --> 01:16:30,839
Speaker 8: effective president I think we've had since LBJ in terms

1581
01:16:30,920 --> 01:16:34,280
Speaker 8: of the amount of legislation. He was able to get

1582
01:16:34,360 --> 01:16:37,760
Speaker 8: done with a Democratic Congress with a small majority, the

1583
01:16:37,760 --> 01:16:40,360
Speaker 8: same majority that exists now. He was able to do

1584
01:16:40,400 --> 01:16:43,439
Speaker 8: more than most presidents do in eight years, and he

1585
01:16:43,479 --> 01:16:47,840
Speaker 8: did it basically in two and a half. So from

1586
01:16:47,920 --> 01:16:51,160
Speaker 8: that perspective, from the scoreboard perspective, he gets an A

1587
01:16:51,240 --> 01:16:54,920
Speaker 8: plus plus. You couldn't ask for more to be done.

1588
01:16:55,200 --> 01:16:58,320
Speaker 8: You may not disagree with all of it, but he's

1589
01:16:58,360 --> 01:16:59,760
Speaker 8: gotten a lot done, and a lot of it came

1590
01:16:59,800 --> 01:17:02,800
Speaker 8: from like wishless for Democrats that they've been wanting to

1591
01:17:02,800 --> 01:17:04,280
Speaker 8: get done for decades.

1592
01:17:04,439 --> 01:17:06,920
Speaker 2: So, Michael, what is your theory of the case for

1593
01:17:07,040 --> 01:17:07,719
Speaker 2: what went wrong?

1594
01:17:07,760 --> 01:17:07,880
Speaker 6: Then?

1595
01:17:07,920 --> 01:17:09,519
Speaker 2: So let's go put this up there on the screen.

1596
01:17:09,520 --> 01:17:11,960
Speaker 2: You've got the right track wrong track number. Right direction

1597
01:17:12,040 --> 01:17:16,240
Speaker 2: twenty five percent, wrong direction sixty five percent. LBJ famously

1598
01:17:16,280 --> 01:17:18,439
Speaker 2: actually did very well on that number up until a

1599
01:17:18,479 --> 01:17:21,640
Speaker 2: little thing called Vietnam. So Biden doesn't have, or at

1600
01:17:21,720 --> 01:17:25,080
Speaker 2: least yet anything like that on the horizon. How do

1601
01:17:25,120 --> 01:17:27,280
Speaker 2: you explain that number right there? This isn't just Republicans

1602
01:17:27,320 --> 01:17:28,920
Speaker 2: and Democrats, this is the entire country.

1603
01:17:29,080 --> 01:17:32,200
Speaker 8: Yeah, So Mario Cuomo once said, you campaign in poetry

1604
01:17:32,200 --> 01:17:35,680
Speaker 8: and you govern in pros. Governing is a lot unpopular,

1605
01:17:35,800 --> 01:17:40,840
Speaker 8: especially with Democrats, because Democrats can be, you know, as

1606
01:17:40,840 --> 01:17:43,960
Speaker 8: a party, sometimes very fraught in terms of issues and

1607
01:17:44,000 --> 01:17:47,800
Speaker 8: how they feel about compromise. And so the president has

1608
01:17:47,800 --> 01:17:49,200
Speaker 8: had to navigate a lot of that, a lot of

1609
01:17:49,200 --> 01:17:52,680
Speaker 8: different internal dynamics in the party. But he's kind of

1610
01:17:52,720 --> 01:17:54,920
Speaker 8: where a lot of incumbents are at this stage. There's

1611
01:17:54,960 --> 01:17:57,679
Speaker 8: a lot of fatigue with incumbents by this point, and

1612
01:17:58,320 --> 01:18:01,160
Speaker 8: I think that's why you're seeing, you know, there's some

1613
01:18:01,479 --> 01:18:06,439
Speaker 8: minimal primary challenge, there's some democratic lack of enthusiasm, but

1614
01:18:06,479 --> 01:18:09,519
Speaker 8: that's all fairly standard operating procedure at this point in

1615
01:18:09,560 --> 01:18:10,480
Speaker 8: any administration.

1616
01:18:10,600 --> 01:18:12,720
Speaker 2: Well, that's not necessarily true. So let's put this the

1617
01:18:12,720 --> 01:18:15,839
Speaker 2: second one gallup we have there. That's the overall approval

1618
01:18:15,920 --> 01:18:18,120
Speaker 2: rating that shows forty point seven percent. That's actually the

1619
01:18:18,160 --> 01:18:21,320
Speaker 2: second lowest at this time in history except for Jimmy Carter.

1620
01:18:21,439 --> 01:18:24,639
Speaker 2: So many incombatants were actually doing quite better than that,

1621
01:18:24,720 --> 01:18:27,120
Speaker 2: including Barack Obama when he was running for president. Even

1622
01:18:27,160 --> 01:18:29,479
Speaker 2: Donald Trump actually was meeting that number. So how do

1623
01:18:29,479 --> 01:18:32,240
Speaker 2: you explain that whenever he's only second really to Jimmy Carter.

1624
01:18:32,680 --> 01:18:37,920
Speaker 8: Well, I would explain it by in terms of electoral politics.

1625
01:18:38,080 --> 01:18:41,480
Speaker 8: I mean, both Barack Obama and Bill Clinton got slaughtered

1626
01:18:41,520 --> 01:18:44,479
Speaker 8: in their midterm. True, this president and all the candidates

1627
01:18:44,520 --> 01:18:47,839
Speaker 8: that were running the last cycle ran on this president's record,

1628
01:18:48,320 --> 01:18:51,200
Speaker 8: and we had the most historic midterm as a party,

1629
01:18:51,240 --> 01:18:53,479
Speaker 8: and he had the most historic midterm as an incumbent

1630
01:18:53,520 --> 01:18:56,880
Speaker 8: president in I think since nineteen thirty two. So the

1631
01:18:56,880 --> 01:19:00,000
Speaker 8: White House feels pretty validated about the direction they're going in.

1632
01:19:00,240 --> 01:19:03,960
Speaker 8: I wouldn't expect to see many changes because that, you know,

1633
01:19:04,000 --> 01:19:06,320
Speaker 8: this red wave that everybody had been talking about just

1634
01:19:06,400 --> 01:19:09,880
Speaker 8: never never materialized, and the President took a lot of

1635
01:19:09,880 --> 01:19:11,080
Speaker 8: credit for that, and they should.

1636
01:19:11,439 --> 01:19:14,519
Speaker 1: But how much of that is about the Biden record

1637
01:19:14,640 --> 01:19:17,120
Speaker 1: and Biden accomplishments, and how much of that is about

1638
01:19:17,360 --> 01:19:20,040
Speaker 1: Dobbs the returning of Roe versus Wade. How much of

1639
01:19:20,040 --> 01:19:23,760
Speaker 1: that is about you know, psychotic Republican candidates right Newho

1640
01:19:23,840 --> 01:19:26,760
Speaker 1: were you know, very extreme and really out of touch

1641
01:19:26,800 --> 01:19:30,439
Speaker 1: and fixated on election conspiracies, et cetera. How much of

1642
01:19:30,479 --> 01:19:33,840
Speaker 1: it was really a referendum on those pieces versus anything

1643
01:19:33,840 --> 01:19:34,920
Speaker 1: that Joe Biden had done.

1644
01:19:35,040 --> 01:19:37,880
Speaker 8: Well, I can't get the nuance past you, so I

1645
01:19:37,880 --> 01:19:39,800
Speaker 8: won't try to. I won't even try to spend. Look,

1646
01:19:39,920 --> 01:19:44,439
Speaker 8: I think even in the states where the Democrats won,

1647
01:19:44,600 --> 01:19:47,599
Speaker 8: where they had tough races, they were still the Democratic

1648
01:19:47,600 --> 01:19:49,840
Speaker 8: candidates were more popular than President Biden.

1649
01:19:49,880 --> 01:19:50,639
Speaker 5: That's just a fact.

1650
01:19:52,479 --> 01:19:56,519
Speaker 8: But they were also more more likable and more popular

1651
01:19:56,560 --> 01:20:01,880
Speaker 8: than their Republican opponents, So candidate quality was a big

1652
01:20:01,920 --> 01:20:08,080
Speaker 8: issue for sure, and then there's always unforeseen events that

1653
01:20:08,080 --> 01:20:11,439
Speaker 8: That's why I don't think every election can be really

1654
01:20:12,439 --> 01:20:15,280
Speaker 8: determined by any one size fits approach, and I think

1655
01:20:15,640 --> 01:20:19,120
Speaker 8: unforeseen events affect things all the time. I think we

1656
01:20:19,160 --> 01:20:24,120
Speaker 8: saw that with Obamacare, and we saw that with a

1657
01:20:24,160 --> 01:20:26,519
Speaker 8: couple of other things like a nine to eleven affected

1658
01:20:26,560 --> 01:20:27,479
Speaker 8: that midterm election.

1659
01:20:27,680 --> 01:20:29,120
Speaker 5: And I think the Dabs case.

1660
01:20:30,560 --> 01:20:34,000
Speaker 8: Absolutely energized Democrats to turn out in places that we

1661
01:20:34,040 --> 01:20:34,919
Speaker 8: didn't even expect.

1662
01:20:35,120 --> 01:20:37,640
Speaker 1: So let me talk to you a little bit about binomics,

1663
01:20:37,880 --> 01:20:40,720
Speaker 1: because you know, there's been an effort from the administration

1664
01:20:40,960 --> 01:20:44,440
Speaker 1: to sell their economic record the same look. Unemployment is low,

1665
01:20:44,800 --> 01:20:47,280
Speaker 1: We've created a lot of jobs, but in a lot

1666
01:20:47,320 --> 01:20:48,680
Speaker 1: of ways, the American people.

1667
01:20:48,439 --> 01:20:49,240
Speaker 3: Aren't feeling it.

1668
01:20:49,280 --> 01:20:51,240
Speaker 1: And certainly, you know, we just showed you approval ready,

1669
01:20:51,280 --> 01:20:53,360
Speaker 1: we showed you right track, wrong track. But even on

1670
01:20:53,439 --> 01:20:56,000
Speaker 1: measures of basic economic security, Let's go and put this

1671
01:20:56,040 --> 01:20:59,240
Speaker 1: next graphic up on the screen. You've got the percent

1672
01:20:59,360 --> 01:21:04,240
Speaker 1: of American struggling to pay their bills continues to go up.

1673
01:21:04,880 --> 01:21:08,439
Speaker 1: You also have increases in the percent of Americans without

1674
01:21:08,640 --> 01:21:11,040
Speaker 1: enough to eat. And you know, Michael, I want to say,

1675
01:21:11,120 --> 01:21:14,040
Speaker 1: like some of the things that this president did at

1676
01:21:14,080 --> 01:21:16,519
Speaker 1: the beginning of the administration, in particular, I was frankly

1677
01:21:16,560 --> 01:21:19,000
Speaker 1: kind of surprised by, and I think we're more progressive

1678
01:21:19,040 --> 01:21:23,080
Speaker 1: and more more aggressive than was reflected in his Senate career.

1679
01:21:23,360 --> 01:21:26,719
Speaker 1: You know, the stimulus checks, the child tax credit, even

1680
01:21:26,720 --> 01:21:29,720
Speaker 1: his attempts to reduce student loan debt, even though they've

1681
01:21:29,720 --> 01:21:31,639
Speaker 1: gotten stemming by the Supreme Court. We got a debate

1682
01:21:31,680 --> 01:21:32,960
Speaker 1: about whether it could fight more and how he could

1683
01:21:32,960 --> 01:21:35,080
Speaker 1: do that differently, et cetera. But a lot of those

1684
01:21:35,080 --> 01:21:37,600
Speaker 1: pieces I thought were really encouraging. But the story of

1685
01:21:37,600 --> 01:21:41,040
Speaker 1: his administration since then has been basically those programs getting

1686
01:21:41,040 --> 01:21:44,439
Speaker 1: slowly stripped back, and things that could have had more

1687
01:21:44,439 --> 01:21:46,920
Speaker 1: of a permanent impact, like the fifteen dollars minimum wage,

1688
01:21:46,960 --> 01:21:50,559
Speaker 1: for example, he's failed to get through. During the campaign trail,

1689
01:21:50,680 --> 01:21:52,240
Speaker 1: he used to talk about, you know, we're going to

1690
01:21:52,280 --> 01:21:54,760
Speaker 1: do a public option. In terms of expanding healthcare, I

1691
01:21:54,760 --> 01:21:57,519
Speaker 1: never hear anything about healthcare anymore. He's supposed to be

1692
01:21:57,560 --> 01:22:00,439
Speaker 1: the most pro union president in history, Yet any thought

1693
01:22:00,439 --> 01:22:03,559
Speaker 1: of passing the pro Act or using his executive power

1694
01:22:03,560 --> 01:22:05,479
Speaker 1: to cancel contracts of union busters.

1695
01:22:05,920 --> 01:22:06,800
Speaker 3: That's fallen by the.

1696
01:22:06,720 --> 01:22:10,080
Speaker 1: Wayside, And so you have this reality of Americans who

1697
01:22:10,120 --> 01:22:12,760
Speaker 1: started off doing okay under the Biden administration and have

1698
01:22:12,800 --> 01:22:15,759
Speaker 1: slowly had these sort of you know, pandemic error supports

1699
01:22:15,800 --> 01:22:17,720
Speaker 1: pulled from them, where their bank accounts are being drained

1700
01:22:17,720 --> 01:22:20,000
Speaker 1: and they're struggling to pay their bills. And so now

1701
01:22:20,000 --> 01:22:22,439
Speaker 1: they're saying, listen, I'm in a tough spot here and

1702
01:22:22,479 --> 01:22:25,839
Speaker 1: inflation hasn't really helped me. So how do you square

1703
01:22:26,160 --> 01:22:28,880
Speaker 1: a message from the President that's trying to say say, hey,

1704
01:22:28,920 --> 01:22:31,960
Speaker 1: the economy is great, and a reality that's being experienced

1705
01:22:32,000 --> 01:22:34,000
Speaker 1: by the American people that are saying not in not

1706
01:22:34,080 --> 01:22:34,759
Speaker 1: in my household.

1707
01:22:34,880 --> 01:22:37,800
Speaker 8: Yeah, well, there's no question Americans have to feel that

1708
01:22:37,960 --> 01:22:40,519
Speaker 8: in order to lend their support to the president, they

1709
01:22:40,560 --> 01:22:43,439
Speaker 8: have to start feeling the economic gains. Now, there was

1710
01:22:43,479 --> 01:22:46,200
Speaker 8: a New York Times article out I think our New

1711
01:22:46,200 --> 01:22:48,320
Speaker 8: New York Times SIENA pull out a couple of days ago,

1712
01:22:48,439 --> 01:22:51,599
Speaker 8: and it said that actually, the standard of living most

1713
01:22:51,680 --> 01:22:55,160
Speaker 8: people feel well I'm sorry, not most people, but the

1714
01:22:55,200 --> 01:23:02,479
Speaker 8: standard of living and the cost of consumer goods have actually, sorry,

1715
01:23:02,720 --> 01:23:05,559
Speaker 8: the cost of goods has come down, wages have gone up,

1716
01:23:05,920 --> 01:23:09,320
Speaker 8: are going up, Inflation is cooling and the standard of living.

1717
01:23:10,400 --> 01:23:13,800
Speaker 8: People said they were worse off a year ago. It

1718
01:23:13,880 --> 01:23:17,320
Speaker 8: dropped about ten points from the last year, So there's improvement.

1719
01:23:17,400 --> 01:23:20,240
Speaker 8: I think there is improvement in people's lives. But you're right,

1720
01:23:20,280 --> 01:23:21,880
Speaker 8: there's a lot, I mean, and that's why he's running

1721
01:23:21,880 --> 01:23:22,400
Speaker 8: for reelection.

1722
01:23:22,600 --> 01:23:22,720
Speaker 3: Right.

1723
01:23:22,760 --> 01:23:24,400
Speaker 8: We have to get the child tax cut or the

1724
01:23:24,800 --> 01:23:27,080
Speaker 8: child tax credit permanent.

1725
01:23:28,120 --> 01:23:31,240
Speaker 5: We have more to do on climate investment.

1726
01:23:32,080 --> 01:23:35,080
Speaker 8: We have more to do on an assault weapons ban,

1727
01:23:35,600 --> 01:23:37,080
Speaker 8: on codifying row.

1728
01:23:37,880 --> 01:23:39,040
Speaker 5: There's a lot to be done.

1729
01:23:38,880 --> 01:23:41,759
Speaker 1: Honest with you, though, I don't really hear that pitch much.

1730
01:23:42,120 --> 01:23:45,960
Speaker 1: What I hear from his team is number one. I

1731
01:23:46,040 --> 01:23:47,920
Speaker 1: found it very revealing. I brought this up like a

1732
01:23:47,920 --> 01:23:50,720
Speaker 1: million times on the show. But after Emmanuel Macrone won

1733
01:23:50,720 --> 01:23:53,120
Speaker 1: in France, ron Klayan is like, oh, interesting, he won

1734
01:23:53,160 --> 01:23:55,519
Speaker 1: with thirty percent approval rating. Huh, maybe that could be

1735
01:23:55,520 --> 01:23:58,679
Speaker 1: a model for us. That's number one. Number two I hear,

1736
01:23:59,040 --> 01:24:02,360
Speaker 1: here's the list of things we did accomplish. In number three,

1737
01:24:02,439 --> 01:24:05,760
Speaker 1: I hear Trump is bad, which no disagreement there. I

1738
01:24:06,040 --> 01:24:09,760
Speaker 1: literally haven't heard a single agenda item for what would

1739
01:24:09,760 --> 01:24:12,840
Speaker 1: be accomplished in a second term. Isn't that you know,

1740
01:24:12,920 --> 01:24:15,639
Speaker 1: shouldn't he be making an affirmative case. It's not just about, Hey,

1741
01:24:15,680 --> 01:24:17,040
Speaker 1: the Republicans suck and Donald Trump.

1742
01:24:17,080 --> 01:24:17,639
Speaker 3: It's crazy.

1743
01:24:18,160 --> 01:24:20,519
Speaker 1: Wouldn't there be some sort of like, here's the plan,

1744
01:24:20,680 --> 01:24:22,200
Speaker 1: here's what we're going to do in the second term.

1745
01:24:22,280 --> 01:24:22,920
Speaker 3: I haven't heard that.

1746
01:24:23,360 --> 01:24:25,599
Speaker 5: Well, Okay, let me unpack a little bit.

1747
01:24:25,680 --> 01:24:28,280
Speaker 8: First of all, I think during your reelection, I think

1748
01:24:28,400 --> 01:24:29,599
Speaker 8: part of the first thing.

1749
01:24:29,520 --> 01:24:30,519
Speaker 5: Incumbents need to do.

1750
01:24:30,800 --> 01:24:33,600
Speaker 8: And Barack Obama did this in May of twenty eleven.

1751
01:24:33,800 --> 01:24:36,120
Speaker 8: George Bush did it in March of two thousand and four.

1752
01:24:36,760 --> 01:24:39,880
Speaker 8: Once they had their opponent, they were immediately ready to

1753
01:24:40,520 --> 01:24:43,680
Speaker 8: make their opponent unacceptable to the American people. Yes, and

1754
01:24:43,680 --> 01:24:46,160
Speaker 8: that is going to be a very big part of

1755
01:24:46,240 --> 01:24:49,799
Speaker 8: the reelection, as it is for every reelection. Okay, joint.

1756
01:24:49,960 --> 01:24:51,960
Speaker 8: But that's not to say that there is an affirmative

1757
01:24:52,000 --> 01:24:54,880
Speaker 8: case to be made. I agree with you that all

1758
01:24:55,120 --> 01:24:58,680
Speaker 8: with all the legislative success he has had and the

1759
01:24:58,920 --> 01:25:03,760
Speaker 8: accomplishments and three hundred bipartisan pieces of legislation, whatever, the

1760
01:25:03,840 --> 01:25:08,400
Speaker 8: legislative scoreboard doesn't always translate into voting behavior. There is

1761
01:25:08,479 --> 01:25:12,160
Speaker 8: more right, there is performance, there's candidate quality, There is

1762
01:25:12,840 --> 01:25:17,360
Speaker 8: how you appear in front of the voters. The performance

1763
01:25:17,439 --> 01:25:21,080
Speaker 8: aspect of politics. There's a lot more that I think

1764
01:25:21,840 --> 01:25:23,800
Speaker 8: they're going to have to do because the numbers are

1765
01:25:23,800 --> 01:25:25,479
Speaker 8: where they are and they have to get them up.

1766
01:25:25,800 --> 01:25:28,000
Speaker 8: But you're right, there's a lot of things on the

1767
01:25:28,000 --> 01:25:30,600
Speaker 8: progressive agenda that need to be talked that they need

1768
01:25:30,640 --> 01:25:31,960
Speaker 8: to be talked about, and you're gonna have to and

1769
01:25:32,080 --> 01:25:33,519
Speaker 8: he's gonna have to address that as well.

1770
01:25:33,600 --> 01:25:35,880
Speaker 2: Michael. The majority of Democrats and even majority of the

1771
01:25:35,880 --> 01:25:37,840
Speaker 2: American people, I think that Biden is too old to

1772
01:25:37,840 --> 01:25:41,040
Speaker 2: be president. You serve either with him or around him

1773
01:25:41,120 --> 01:25:43,559
Speaker 2: for several years. I mean, what case can you make

1774
01:25:43,600 --> 01:25:46,280
Speaker 2: at least on that front. I mean, it's very troubling

1775
01:25:46,280 --> 01:25:48,800
Speaker 2: and in some cases, you know, disheartening. It sat kind

1776
01:25:48,800 --> 01:25:52,599
Speaker 2: of to see his overall public performance. This is a

1777
01:25:52,600 --> 01:25:55,280
Speaker 2: man that we've all seen on our television screens, maybe

1778
01:25:55,280 --> 01:25:57,519
Speaker 2: before I was even basically since I was alive. So

1779
01:25:57,840 --> 01:25:59,720
Speaker 2: it's not like we could deny that things are a

1780
01:25:59,720 --> 01:26:01,679
Speaker 2: little little bit different really on that front. He would

1781
01:26:01,680 --> 01:26:04,560
Speaker 2: be the oldest president in modern American history, no in

1782
01:26:04,640 --> 01:26:07,400
Speaker 2: ever actually in American history. Should he be re elected

1783
01:26:07,520 --> 01:26:10,040
Speaker 2: up until the day that he served, I mean, should

1784
01:26:10,080 --> 01:26:12,639
Speaker 2: Americans feel okay that he's up to the job. I'm

1785
01:26:12,680 --> 01:26:14,200
Speaker 2: putting this in the nicest way I.

1786
01:26:14,240 --> 01:26:14,720
Speaker 5: Know you are.

1787
01:26:14,840 --> 01:26:17,360
Speaker 8: And the answer, the short answer is yes, okay. But

1788
01:26:17,400 --> 01:26:20,639
Speaker 8: I remember back in the nineties when the Democrat retort

1789
01:26:20,760 --> 01:26:24,080
Speaker 8: to Bill Clinton was, you know what, he's creating twenty

1790
01:26:24,080 --> 01:26:28,560
Speaker 8: two million jobs and the tech sector's booming the economy

1791
01:26:28,880 --> 01:26:32,720
Speaker 8: as we have record surpluses. He's done a fantastic job

1792
01:26:32,720 --> 01:26:35,960
Speaker 8: as president. Who cares what he does in his personal life? Right,

1793
01:26:36,240 --> 01:26:39,120
Speaker 8: it's almost the same argument. Yes, he's eighty, you can't

1794
01:26:39,200 --> 01:26:40,720
Speaker 8: escape it. He's going to be the oldest he's the

1795
01:26:40,720 --> 01:26:43,160
Speaker 8: oldest president, and he is going to be the oldest president.

1796
01:26:43,439 --> 01:26:47,280
Speaker 8: But you know what, I would take thirteen million jobs

1797
01:26:47,800 --> 01:26:51,920
Speaker 8: created in two years plus. Remember think about what this

1798
01:26:52,040 --> 01:26:54,880
Speaker 8: seventy eight eighty year old did. He walked into a

1799
01:26:54,920 --> 01:26:59,200
Speaker 8: crisis of huge proportion unlike we've entered, we've ever seen

1800
01:26:59,200 --> 01:27:02,760
Speaker 8: in our lifetime in a century. Not only did he,

1801
01:27:04,160 --> 01:27:07,280
Speaker 8: you know, force a huge spending package to stimulate the

1802
01:27:07,320 --> 01:27:12,680
Speaker 8: economy through Congress, but he administered the most successful vaccination

1803
01:27:12,760 --> 01:27:16,080
Speaker 8: program in history. And we can't forget where we were

1804
01:27:16,200 --> 01:27:19,120
Speaker 8: when he came in and where we are now. Schools

1805
01:27:19,120 --> 01:27:22,920
Speaker 8: were closed, businesses, were closed, the economy was feeling a

1806
01:27:22,960 --> 01:27:26,160
Speaker 8: lot of pain, and he's reversed a lot of that

1807
01:27:26,320 --> 01:27:29,479
Speaker 8: and actually created more jobs than at pre pandemic levels.

1808
01:27:30,040 --> 01:27:31,840
Speaker 8: And he did that as he's eighty year old. Not

1809
01:27:31,960 --> 01:27:34,920
Speaker 8: to mention the huge wish list or a laundry list

1810
01:27:35,000 --> 01:27:35,720
Speaker 8: I could run through.

1811
01:27:35,760 --> 01:27:36,840
Speaker 5: That would take way too much, right.

1812
01:27:36,960 --> 01:27:38,640
Speaker 2: I think what people are getting at is like we're

1813
01:27:38,680 --> 01:27:40,599
Speaker 2: talking about on a personal level. On a personal level,

1814
01:27:40,640 --> 01:27:42,240
Speaker 2: so you're like, you listen. I mean, there's a big

1815
01:27:42,320 --> 01:27:43,960
Speaker 2: narrative out there. A lot of people wonder like, is

1816
01:27:44,000 --> 01:27:45,680
Speaker 2: this person actually up for the job to get to

1817
01:27:45,680 --> 01:27:47,800
Speaker 2: the Oval? Until what like nine am? I mean jins

1818
01:27:47,800 --> 01:27:49,519
Speaker 2: Hockey and all these people are like, he's the most.

1819
01:27:49,400 --> 01:27:51,639
Speaker 8: Does anything I have said so far give you pause

1820
01:27:51,680 --> 01:27:52,800
Speaker 8: to whether he's up for the job?

1821
01:27:52,880 --> 01:27:55,160
Speaker 2: Well, no, it's more so like I'm not. You know,

1822
01:27:55,400 --> 01:27:57,519
Speaker 2: it's not I'm not a novice to Washington. I know

1823
01:27:57,560 --> 01:27:59,439
Speaker 2: that advisors can run a lot of things. A lot

1824
01:27:59,439 --> 01:28:02,240
Speaker 2: of people think that he's effectively like a prop No,

1825
01:28:02,640 --> 01:28:06,280
Speaker 2: that's not true. Okay, tell it, my god, what's going on?

1826
01:28:06,320 --> 01:28:07,360
Speaker 2: I don't know what's going on.

1827
01:28:07,560 --> 01:28:09,920
Speaker 3: And with mccombells, and we're not feeling a lot of comfort.

1828
01:28:10,000 --> 01:28:11,320
Speaker 2: Yeah, I got.

1829
01:28:11,479 --> 01:28:14,160
Speaker 8: But like any age, as I've said before, in public,

1830
01:28:14,240 --> 01:28:15,400
Speaker 8: age is a fair question.

1831
01:28:15,520 --> 01:28:17,680
Speaker 5: It was for Ronald Reagan, he doesn't get up.

1832
01:28:18,000 --> 01:28:18,719
Speaker 2: He was sixty.

1833
01:28:19,160 --> 01:28:20,960
Speaker 8: You're right, but it was still but it was still

1834
01:28:20,960 --> 01:28:23,679
Speaker 8: an issue think about. I mean, people have selective memories

1835
01:28:23,680 --> 01:28:26,200
Speaker 8: in Washington, but like it was a huge issue when

1836
01:28:26,200 --> 01:28:29,920
Speaker 8: Bob Dole was running. But my advice to them has

1837
01:28:29,960 --> 01:28:32,479
Speaker 8: always been to shine a light on your weaknesses. That's

1838
01:28:32,520 --> 01:28:34,639
Speaker 8: where he is. Weakness, that's where he is weak. People

1839
01:28:34,680 --> 01:28:37,920
Speaker 8: perceive him as old. Be self deprecating about it. There's

1840
01:28:37,920 --> 01:28:40,559
Speaker 8: nothing else you can do, he says, watch him, watch

1841
01:28:40,560 --> 01:28:44,120
Speaker 8: what he does. And he's been, like I said, probably

1842
01:28:44,160 --> 01:28:48,120
Speaker 8: the most successful president we've had, uh since LBJ in

1843
01:28:48,200 --> 01:28:49,560
Speaker 8: terms of the amount of things he's been able to

1844
01:28:49,560 --> 01:28:50,800
Speaker 8: get done at his age.

1845
01:28:50,840 --> 01:28:52,320
Speaker 5: So I would take the eighty year.

1846
01:28:52,240 --> 01:28:56,840
Speaker 8: Old over you know, Trump nomics or DeSantis culture wars

1847
01:28:56,880 --> 01:28:57,320
Speaker 8: any day.

1848
01:28:57,400 --> 01:28:59,000
Speaker 3: Okay, So last question for you?

1849
01:28:59,160 --> 01:29:01,160
Speaker 5: Sure? What one more? Just one more?

1850
01:29:02,240 --> 01:29:04,120
Speaker 3: Yeah, this is just the first of many.

1851
01:29:05,920 --> 01:29:09,200
Speaker 1: What advice would you offer or what critique do you

1852
01:29:09,320 --> 01:29:12,120
Speaker 1: have of either the Biden administration or the way that

1853
01:29:12,160 --> 01:29:13,760
Speaker 1: they're prosecuting the campaign thus far?

1854
01:29:15,320 --> 01:29:19,800
Speaker 8: Well, I think the campaign is sort of engaging in

1855
01:29:19,800 --> 01:29:22,400
Speaker 8: a really young stage right now. It's not fully developed,

1856
01:29:22,479 --> 01:29:26,400
Speaker 8: but I think it's it's going fine at the moment.

1857
01:29:26,920 --> 01:29:30,240
Speaker 8: I think that when there is a foil to run against,

1858
01:29:30,400 --> 01:29:37,520
Speaker 8: you are going to see juices and energy around Democrats

1859
01:29:37,840 --> 01:29:40,560
Speaker 8: like they're they're going to get excited, They're going to

1860
01:29:40,600 --> 01:29:42,360
Speaker 8: get psyched because it's going to be a choice between

1861
01:29:42,400 --> 01:29:47,000
Speaker 8: two people. My biggest advice, and this has always been

1862
01:29:47,040 --> 01:29:51,000
Speaker 8: my advice, is that we live in a we still,

1863
01:29:51,880 --> 01:29:54,040
Speaker 8: whether we like it or not, we are playing by

1864
01:29:54,439 --> 01:29:55,519
Speaker 8: at least the legacy.

1865
01:29:55,560 --> 01:29:57,600
Speaker 5: Media still plays.

1866
01:29:57,280 --> 01:29:59,400
Speaker 2: By Trump's rules. What does that mean?

1867
01:29:59,600 --> 01:30:01,879
Speaker 8: That means means that he is able to be America's

1868
01:30:01,880 --> 01:30:04,080
Speaker 8: assignment editor, and he is able to drive a lot

1869
01:30:04,120 --> 01:30:06,880
Speaker 8: of the coverage. He can spend all of his money

1870
01:30:06,880 --> 01:30:08,800
Speaker 8: on his legal bills. Sure, go ahead and spend it.

1871
01:30:08,920 --> 01:30:11,439
Speaker 8: He's not effective as a fundraiser, he's not effective as

1872
01:30:11,439 --> 01:30:14,360
Speaker 8: an organizer. He's effective at owning free media.

1873
01:30:14,800 --> 01:30:17,599
Speaker 3: Yeah, and that it's hard to avoid when yeah, you know.

1874
01:30:20,000 --> 01:30:22,400
Speaker 5: The former president, but yes, it is, it is. I

1875
01:30:22,439 --> 01:30:22,760
Speaker 5: get it.

1876
01:30:23,040 --> 01:30:26,640
Speaker 8: He floods the zone and is able to own the airwaves,

1877
01:30:26,680 --> 01:30:29,680
Speaker 8: and they have to compete with that. And part of

1878
01:30:29,760 --> 01:30:34,559
Speaker 8: that is embracing the way Trump kind of embraces the media,

1879
01:30:35,080 --> 01:30:37,760
Speaker 8: treats them as an opportunity, not as a hazard or

1880
01:30:37,760 --> 01:30:40,960
Speaker 8: a threat. And I think if you talk to reporters

1881
01:30:41,000 --> 01:30:48,000
Speaker 8: who cover the White House daily, there are severe levels

1882
01:30:48,040 --> 01:30:50,840
Speaker 8: of distrust. And you know what, there's no reason to

1883
01:30:50,840 --> 01:30:57,960
Speaker 8: be generally speaking, the President likes the press, but he

1884
01:30:57,960 --> 01:31:02,880
Speaker 8: should engage them more, and they should build constructive relationships

1885
01:31:03,439 --> 01:31:06,080
Speaker 8: that earn them goodwill and not lose them the benefit

1886
01:31:06,080 --> 01:31:07,559
Speaker 8: of the doubt. And I think if you talk to

1887
01:31:07,600 --> 01:31:10,479
Speaker 8: a lot of reporters, sadly, I think that's been going on,

1888
01:31:11,000 --> 01:31:14,439
Speaker 8: and I would say that the President should engage more

1889
01:31:14,479 --> 01:31:15,080
Speaker 8: with the media.

1890
01:31:15,720 --> 01:31:16,880
Speaker 2: Uh not less.

1891
01:31:16,680 --> 01:31:19,320
Speaker 1: Well, we agree we would be happy to host him

1892
01:31:19,320 --> 01:31:21,600
Speaker 1: here triantal candidates, So.

1893
01:31:21,800 --> 01:31:23,920
Speaker 8: You should invite Apparently I shouldn't call the White House

1894
01:31:23,920 --> 01:31:25,120
Speaker 8: Press Office and write him on.

1895
01:31:25,520 --> 01:31:27,360
Speaker 2: It's not like it has you can.

1896
01:31:27,200 --> 01:31:29,680
Speaker 3: Put in a word for us, Michael, thank you.

1897
01:31:29,760 --> 01:31:31,920
Speaker 5: It's to say, yeah, of course, I hope you'll come

1898
01:31:31,960 --> 01:31:33,120
Speaker 5: back and sea anytime.

1899
01:31:33,160 --> 01:31:34,720
Speaker 2: We'd love to have you. All right, We'll see you

1900
01:31:34,760 --> 01:31:35,200
Speaker 2: guys later.