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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 3: Coverage that is possible.

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Speaker 2: If you like what we're all about, it just means

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Speaker 2: the absolute world to have your support. But enough with that,

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Speaker 2: let's get to the show. Good morning, everybody, Happy Tuesday.

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Speaker 2: We have an amazing show for everybody today.

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Speaker 1: What do we have, Krystal, Dad, We do lots of

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Speaker 1: interesting stories breaking this morning to talk to you about.

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Speaker 1: So we have new calls from Democrats, including James Carville,

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Speaker 1: for Biden to drop out so well late in the

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Speaker 1: game for that, but we're still going in that direction.

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Speaker 1: Thomas Massey, Congressman Thomas Massey, Republican spills the tea on

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Speaker 1: a pack babysitters to Tucker Carlson, got some interesting analysis

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Speaker 1: of apack donations to get into with you. Lindsey Graham

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Speaker 1: making some very revealing and I guess very honest comments

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Speaker 1: about the Ukraine world we're in the real reason that

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Speaker 1: we are so deeply involved and invested in that your

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Speaker 1: car may be tracking you and snitching to your insurance

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Speaker 1: company in a way that could cause your premiums to

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Speaker 1: go up. SAGA is taking a look at the FDA

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Speaker 1: doing some shenanigans with regards to cigarettes.

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Speaker 4: I'm looking forward to hearing that one.

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Speaker 3: Yes, is one of the greatest. It is a crime against.

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Speaker 1: Humanity, crime against jewel users. Well that's humanity, okay, all right, Well, well,

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Speaker 1: I'm looking forward to that one.

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Speaker 4: I haven't read that one yet.

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Speaker 1: And I'm taking a look at a new investigation into

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Speaker 1: claims of Hama's mass rape on October seventh that has

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Speaker 1: already created It was like kicking a hornets and has

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Speaker 1: created a huge backlash, So a lot to dig into there.

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Speaker 1: Also looking forward to speaking in studio this morning with

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Speaker 1: Annelle she Line. She is a former State Department employee

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Speaker 1: who resigned about two months ago over her objections to

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Speaker 1: the war in Gaza and our unconditional support for Israel,

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Speaker 1: or to talk to her about why she resigned, what

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Speaker 1: she saw at the State Department, and also some new developments.

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Speaker 1: We had a UN Security Council resolution pass about that

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Speaker 1: ceasefire deal that the Biden administration claimed was Israel's idea,

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Speaker 1: but for some reason, Israel's the only party actually at

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Speaker 1: this point that says they project the deal their own

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Speaker 1: deal supposedly. So a lot that's interesting there. I'm looking

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Speaker 1: forward to speaking to and Nol this morning.

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Speaker 2: Yeah, it's always great to hear for people who are

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Speaker 2: actually on the inside. She can tell us about what

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Speaker 2: it was actually like to work there and then also

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Speaker 2: react to.

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Speaker 3: Some of the things that are going on right now.

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Speaker 2: So before we get to any of that, just a

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Speaker 2: reminder hoping sure everything and making sure everything is good

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Speaker 2: on the local side.

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Speaker 3: If you have any issues.

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Speaker 2: From the migration, remember you can send them email support

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Speaker 2: at locals dot com and you can support us Breakingpoints

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Speaker 2: dot com. You may not realize it. Today's a big day.

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Speaker 2: It's our first time since moving over to Local. We've

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Speaker 2: got two monologues right here in the show. So I

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Speaker 2: know premiums subscribers, you guys have been asking. We just

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Speaker 2: had to get our workflow and everything and there you go.

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Speaker 2: So I hope you enjoy the show today Breakingpoints dot

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Speaker 2: com if you want to become a subscriber. As Crystal said, though,

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Speaker 2: there is some interesting development on the Biden is too

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Speaker 2: old discourse. We're kind of like an oscillating thing. First

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Speaker 2: we were allowed to say it, not allowed to say

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Speaker 2: it now. Only some people are like James Carville is

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Speaker 2: apparently one of those people who gave an interesting interview

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Speaker 2: a few days ago that only now has been taking

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Speaker 2: notice why he did not think Joe Biden should run again.

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Speaker 3: Let's take a listen.

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Speaker 5: It isn't the choice that I was crazy about. I

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Speaker 5: actually was very public that I thought that President Biden

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Speaker 5: should not run for reelection. But he did, and there's

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Speaker 5: him and Trump, and that's where I am. And I'm

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Speaker 5: a thousand percent behind President Biden. Just the charge I got,

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Speaker 5: where does.

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Speaker 3: The Democratic Party go?

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Speaker 5: Well, one of the underappreciated things about current state of

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Speaker 5: the Democratic Party is there is enormous I mean almost

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Speaker 5: could say, I mean there's no Bill Clinton. You never

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Speaker 5: can say that about someone. But with that type of skill.

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Speaker 3: Oh, so there you go, Joe.

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Speaker 2: So, first of all, Carville says something which is basically

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Speaker 2: not true, Cristal, because we've been covering this for a

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Speaker 2: long time, he did not ever say publicly or vocally

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Speaker 2: that Biden.

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Speaker 3: Should not run again. That has not been his amount.

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Speaker 1: Now maybe it's that like a DC cocktail party the public.

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Speaker 2: He may have said it out in the circuit, he

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Speaker 2: did certainly did not say here. Carville, of course, the

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Speaker 2: former campaign manager for Bill Clinton, kind of a what

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Speaker 2: just a cable news star.

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Speaker 1: I guess for the Yeah, he's got that later or

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Speaker 1: so he's got character.

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Speaker 4: You know, he's a character.

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Speaker 1: Yeah, and he's looked like he was one hundred years

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Speaker 1: old for my entire life somehow, So I guess he

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Speaker 1: could be a very trusted authority in terms of the

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Speaker 1: aging process and what is appropriate.

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Speaker 2: There is a good documentary if anybody wants to watch it,

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Speaker 2: called The War Room.

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Speaker 3: It's actually on HBO Max. Now I just checked.

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Speaker 5: It was.

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Speaker 2: It was inside like a camera crew that joined the

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Speaker 2: Clinton campaign when nobody thought that they were going to win,

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Speaker 2: and so they actually were in the room for the

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Speaker 2: entire course of the election, including all the way up

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Speaker 2: to election ize.

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Speaker 3: So we want to see how Carville really was in action.

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Speaker 2: Along with George Dephanopolis, I do recommend it, but at

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Speaker 2: the very least, he's a longtime Democratic elite pundit another

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Speaker 2: for him to be saying something like this is pretty

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Speaker 2: astounding because they're admitting the weakness of their candidate at

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Speaker 2: the very same time. Let's put this up there from

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Speaker 2: Nate Silver, the polling prognosticator. He says, it is clear

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Speaker 2: now that Democrats would have been better served if Biden

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Speaker 2: had decided a year ago not to seek a second term,

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Speaker 2: which would have allowed them to have some semblance of

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Speaker 2: a primary process and give voters to say amongst the

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Speaker 2: many popular Democrats across the country.

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Speaker 3: As he shows you, Biden.

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Speaker 2: Has now hit an all time low in approval just yesterday.

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Speaker 2: Dropping out would be a big risk, but there is

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Speaker 2: a threshold below which continuing to run is a bigger risk.

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Speaker 2: Are we there yet? I don't know, but it is

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Speaker 2: more than fair to ask. I mean, we are now

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Speaker 2: at a point really where historically it is very difficult

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Speaker 2: to even put Biden into perspective.

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Speaker 3: There's really only two options.

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Speaker 2: He is the most unpopular president ever, including more unpopular

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Speaker 2: than Jimmy Carter. So since the invention of modern polling

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Speaker 2: or every single poll and all of the averages are

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Speaker 2: totally wrong.

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Speaker 3: Now, the funny thing.

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Speaker 2: Is both are equally likely, I would say there is

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Speaker 2: still a strong possibility that he could win the election.

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Speaker 3: In fact, Nate wrote an entire piece.

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Speaker 2: I recommend people read it about the path to two seventy,

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Speaker 2: where he makes the case we talked about on our

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Speaker 2: show yesterday. The past to two seventy for Biden through white,

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Speaker 2: older voters in the industrial Midwest is still very strong.

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Speaker 2: You can lose the entire sun Belt, a lot of

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Speaker 2: the emerging parts of the country, and he can still

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Speaker 2: win the election. But it is an incredibly narrow path

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Speaker 2: and one that if things trend in this direction, if

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Speaker 2: even somewhat accurate, is going to be extraordinarily unlikely.

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Speaker 1: I mean, look, we covered yesterday a poll that had

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Speaker 1: them tied, you know, among restered voters, I think Biden

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Speaker 1: was up by one. Among likely voters, Trump was up

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Speaker 1: by one, but just a total jump ball. So yeah,

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Speaker 1: the remarkable thing is that both major parties seem to

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Speaker 1: have chosen and what is probably like the weakest candidate

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Speaker 1: that they possibly could and so that's what's keeping Joe.

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Speaker 4: Biden in the game.

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Speaker 1: You if Trump were to like get locked up and

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Speaker 1: drop out of the race because of it, that would

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Speaker 1: be the Democrat's worst nightmare because I think basically any

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Speaker 1: other like generic Republican would probably beat Joe Biden. By

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Speaker 1: five point six point seven points somewhere in that zone,

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Speaker 1: fairly handily, they would sweep all of the battle ground states,

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Speaker 1: very likely on the Democratic side. It's not really theoretical.

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Speaker 1: We know because we can see the polling in each

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Speaker 1: of the Senate races where every single Democratic Senate candidate,

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Speaker 1: the good, the bad, the ugly, like whatever they are,

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Speaker 1: wherever they are on the ideological spectrum, whatever their level

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Speaker 1: of political talent is, they are all dramatically outperforming the

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Speaker 1: top of the ticket. So Democrats, i think, after the

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Speaker 1: midterms foolishly thought, oh, actually, you know, this went better

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Speaker 1: than we thought, and so we're good. We don't need

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Speaker 1: to think about another presidential contender. The Biden team, the

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Speaker 1: thing that that they have probably been most competent and

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Speaker 1: most effective at was closing the door to anyone from

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Speaker 1: any elected from within the party. Obviously, Biden did have

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Speaker 1: Democratic primary opponents, even though the party just like pretended

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Speaker 1: they didn't exist. That that also was very effective in

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Speaker 1: keeping Biden's grip on the Democratic Party apparatus. But that

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Speaker 1: was the thing that they did most effectively. And so

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Speaker 1: now even though everyone's looking at the approval rating, looking

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Speaker 1: at the pulling and going, guys, this is kind of

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Speaker 1: a disaster, especially when you're telling us democracies on the

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Speaker 1: line and this is all existential and we're putting our

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Speaker 1: weakest possible candidate forward. You even have you James Carville,

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Speaker 1: who's obviously a party stalwart.

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Speaker 4: He's as loyal a.

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Speaker 1: Democrat as you could possibly get. Admitting that Biden should

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Speaker 1: have dropped out a long time ago. A stet Herndon

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Speaker 1: on Twitter has been making a point that I think

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Speaker 1: is also really worth keeping in mind, which is that

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Speaker 1: this idea that Biden would be too old to serve

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Speaker 1: a second term really originates with Joe Biden himself last

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Speaker 1: time when he was running. Part of his pitch was, listen, guys,

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Speaker 1: I know I'm getting up there in years, but I'll

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Speaker 1: be the sort of steady hand on the till the

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Speaker 1: senior statesman to get us through this rough Trumpian waters,

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Speaker 1: get him out of office, write the ship, and then

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Speaker 1: hand the keys over to someone in the next generation.

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Speaker 1: He really suggested very strongly that was an important part

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Speaker 1: of his pitch and what made him appealing and allowed

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Speaker 1: him to win and ultimately prevail in that Democratic primary.

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Speaker 1: So it doesn't even originate with the voters themselves, although

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Speaker 1: I'm sure they were concerned about that at the time

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Speaker 1: as well. Joe Biden really bought into that argument and

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Speaker 1: understood that argument at the time, even as now they

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Speaker 1: try to pretend like it's preposterous and how dare you

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Speaker 1: and its ageist and it's ablest because of his stutter

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Speaker 1: or whatever.

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Speaker 3: Yeah, it's all because of his stutter. Christmas.

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Speaker 4: Actually, that's my favorite.

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Speaker 3: That's the real issue. Of course, let's go ahea and

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Speaker 3: put this up there on the screen.

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Speaker 2: This is the same, you know, the same normal stuff

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Speaker 2: going on Biden's economy.

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Speaker 3: Good metrics, bad vibes, and few.

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Speaker 2: I mean, it's one of those where I don't know

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Speaker 2: if to laugh or cry at this point, because what

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Speaker 2: people don't seem to understand is they're like, well, the

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Speaker 2: metrics are good, but people don't feel that it is good,

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Speaker 2: and it's like, well, maybe the metrics are bullshit. You know.

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Speaker 2: We were talking just yesterday with one of our producers

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Speaker 2: about how the unemployment rate is even calculated. Is it

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Speaker 2: an actual true capture of the unemployment rate or is

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Speaker 2: it just the same way it's always been calculated. Hmmm,

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Speaker 2: Maybe these like antiquated formulas from the nineteen seventies, which

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Speaker 2: is the best they could come up with the pre

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Speaker 2: computer era. Maybe that doesn't fully capture it. Maybe the

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Speaker 2: quote unquote CPI bundle is not exactly the most accurate

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Speaker 2: way to measure inflation. What if we were to just

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Speaker 2: look at the way that people preference things in their lives, food,

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Speaker 2: housing and shelter, or food and shelter, look at those

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Speaker 2: two things and just think about what inflation looks like

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Speaker 2: that over the course of biden presidency. Oh, now it's

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Speaker 2: twenty five percent. Oh that's actually very high. Now we're

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Speaker 2: talking about bad metrics and bad vibes. It's not a

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Speaker 2: difficult thing to understand. It's really frustrating the way that

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Speaker 2: the media continues to write about this.

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Speaker 1: The housing piece, to me, is just so critical, yes,

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Speaker 1: and so central, And I really think, you know, there's

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Speaker 1: all this analysis of why is Biden holding on to

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Speaker 1: his older voters, but younger voters are fleeing him in droves,

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Speaker 1: And I really think that if you just look at

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Speaker 1: who are the homeowners, who are the asset owners, and

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Speaker 1: who are not, you can see very clearly where Biden's

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Speaker 1: coalition has eroded. So, you know, predominantly older people tend

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Speaker 1: to have you know, they had a chance to buy

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Speaker 1: a house, they had a chance to accumulate something in

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Speaker 1: their four oh one k or be invested in the

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Speaker 1: stock market. And if you're young, or if you come

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Speaker 1: from a minority community that historically hasn't had a lot

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Speaker 1: of net wealth, you may be shut out of that.

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Speaker 1: And so the economic landscape is totally different for those

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Speaker 1: two groups of people. And to me, it's just a

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Speaker 1: very simple and obvious explanation for the divergence between you know,

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Speaker 1: how different demographic groups feel about Joe Biden, and yet

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Speaker 1: it's completely ignored. There was a very revealing, very interesting

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Speaker 1: quote from Ben Harris, who's a former or senior Treasury

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Speaker 1: Department official who helped craft Biden's economic agenda, about these

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Speaker 1: economic numbers and why even though you have jobs reports

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Speaker 1: that show a lot of jobs gains, why they aren't

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Speaker 1: giving Biden credit quote unquote, They say in this article,

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Speaker 1: even if the trend of positive economic news it continues,

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Speaker 1: it's unclear whether voters will give credit to the Biden administration.

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Speaker 1: Inside Biden's orbit, the fear is that there's little new

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Speaker 1: that administration can do to change the perceptions of a

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Speaker 1: quote stubborn electorate that's living through an upswing, yet simply refusing.

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Speaker 3: To believe it. There it is.

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Speaker 1: Quote if half of the people think that unemployment is

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Speaker 1: at a fifty year high when it's actually close to

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Speaker 1: fifty year low. This is a problem of misinformation. It's

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Speaker 1: a problem of perception. That's that Ben Harris, dude, I

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Speaker 1: was just telling you about who helped with the Biden agenda.

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Speaker 1: I think fortunately it'll have a major impact on the election.

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Speaker 1: So it's the voter's fault. They just don't understand how

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Speaker 1: good they've got it. They're being stubborn because they're not

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Speaker 1: like going along with what the Biden administration wants them

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Speaker 1: to feel about the economy. It's so condescending that you

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Speaker 1: can scarcely believe it. And you can see in this

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Speaker 1: attitude there's no attempt even to understand it. There's no

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Speaker 1: attempt to give any credence to the economic anxiety that

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Speaker 1: many many voters are feeling, and the fact that they

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Speaker 1: feel very much the bite of high prices continuing. They

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Speaker 1: feel very much the fact that housing, if you aren't

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Speaker 1: already a homeowner, is getting increasingly out of reach. The

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Speaker 1: numbers about how much the average mortgage cost has skyrocketed

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Speaker 1: over just the past couple of years are truly breathtaking.

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Speaker 1: So you know, they're they basically are like, yeah, we're

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Speaker 1: not going to try anything new because we don't think

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Speaker 1: it'll work. So we're just gonna, you know, hope for

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Speaker 1: the best and remind people that Trump is bad and yes,

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Speaker 1: hopefully that will.

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Speaker 2: They're just going to keep relying on stories like let's

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Speaker 2: go put this up there on the screen. Quote this

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Speaker 2: from the Wall Street Journal. I'm not blaming them because

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Speaker 2: they're a business publication, so they're writing it the way

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Speaker 2: that they should. This is tiring, and wages are up,

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Speaker 2: reinforcing the economy's resilience. It says the US posted surprisingly

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Speaker 2: large games in both jobs and pay even though the

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Speaker 2: unemployment rate ticked up to four percent. So they say

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Speaker 2: that the US job growth burst past expectations last month,

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Speaker 2: even as the unemployment edged up. Employers added some two

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Speaker 2: hundred and seventy two thousand jobs. Now, again, whenever they

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Speaker 2: talk about ticking up and we let's say, for example,

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Speaker 2: that we keep wages, and we say wages though across

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Speaker 2: the economy are up. However, if you read at the

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Speaker 2: very very bottom of the story. Wages across the economy,

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Speaker 2: though are difficult to measure. Federal officials have recently been

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Speaker 2: hiding actual inflation data more than other factors that would

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Speaker 2: influence those numbers. In other words, are wages keeping up

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Speaker 2: with inflation? Absolutely not. And now let's push back to

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Speaker 2: where I was earlier that I'm just talking about CPI inflation,

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Speaker 2: which is a bundle of a bunch of different things.

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Speaker 2: Let's talk specifically about what they talked about in that

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Speaker 2: Politico piece housing, gas and food.

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Speaker 3: Not a chance.

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Speaker 2: You have lost a lot of money actually in terms

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Speaker 2: of your overall purchasing power from the last four years,

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Speaker 2: even if your wages went up by ten percent, yourself

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Speaker 2: fifteen percent or whatever.

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Speaker 3: In the hole. Everybody intuitively understands this.

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Speaker 2: I've been speaking with many friends, many who are trying

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Speaker 2: to buy a house or saving up for a down payment.

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Speaker 2: When they calculate with their expected mortgages, they just give up.

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Speaker 2: And these people who actually make decent money, many of

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Speaker 2: them are like big law lawyers who probably make I

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Speaker 2: don't know, a quarter MILLI year on top of their spouse,

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Speaker 2: so they're probably pulling three three fifty but we live

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Speaker 2: here in Washington, DC. Average home prices rum where around

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Speaker 2: a million in terms of where people want to live.

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Speaker 2: So that's two hundred k that you're going to need

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Speaker 2: just saved up for a down payment, which is very,

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Speaker 2: very difficult. And then assuming that you even qualify, or

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Speaker 2: so you have less than that, if you're going to

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Speaker 2: pay pm I, you've got mortgage, you know, payments which

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Speaker 2: are double digits with the current interest rate. They're like,

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Speaker 2: I can't afford that. They'd be like almost forty percent

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Speaker 2: of my take home pay. And these people are frankly

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Speaker 2: rich by most American standards. Okay, but even drop the

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Speaker 2: numbers to a normal American housing market four five hundred thousand.

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Speaker 2: I believe the average home price in the US is

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Speaker 2: now some four hundred and fifty thousand dollars something like that.

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Speaker 2: When we peg what that both price is along with

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Speaker 2: the current mortgage payment, it is some thirty five to

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Speaker 2: forty percent of average take home pay. Even if you

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Speaker 2: make some one hundred grand a year.

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Speaker 3: Good luck to you.

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Speaker 2: I mean, that's that means that fifty percent of the country,

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Speaker 2: you're done. It is not going to happen. And then

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Speaker 2: over that or I guess it can, but it would,

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Speaker 2: you really would. You're going to have what an hour

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Speaker 2: and a half commune or something quality of life hit.

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Speaker 3: That's going to be very significant.

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Speaker 2: So all the numbers that people can intuitively see when

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Speaker 2: they're interacting with and trying to ascend the ladder of

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Speaker 2: a you know, quality of life not in an unreasonable way.

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Speaker 2: You're not buying yachts, you're not flying all around the

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Speaker 2: country trying to just buy a house. It is extremely difficult,

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Speaker 2: and that is what the Biden people won't acknowledge.

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Speaker 3: They don't even look at it.

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Speaker 2: RFK, you know, to his credit, actually did on our

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Speaker 2: show talk about housing, and I know he has some

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Speaker 2: housing stuff that is out there, but there is no

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Speaker 2: major candidate that is making this like the central issue

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Speaker 2: to them for right now.

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Speaker 3: And that's a huge mistake.

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Speaker 2: I mean, Trump benefits because he's simply the anti and

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Speaker 2: you know, in some ways people can project whatever they

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Speaker 2: want on to them.

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Speaker 1: Yeah, that's right. I mean, it is really the opposite

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Speaker 1: of the incumbent advantage now because people are so like

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Speaker 1: understandably down about the direction of the country, being out

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Speaker 1: of office is almost an advantage at this point. So

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Speaker 1: you know, I just think the level of arrogance from

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Speaker 1: the Biden team, and you know they call the electorate stummering.

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Speaker 1: They're the ones who are stubber and who are looking

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Speaker 1: at these numbers and like, now, we're not going to change,

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Speaker 1: We're not going to adjust. They're just they're going.

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Speaker 4: To come along.

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Speaker 1: We think, we hope. Listen, it worked out for us

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Speaker 1: last time. Joe Biden's in the White House, so you know,

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Speaker 1: we don't need to actually offer or anything. And that's

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Speaker 1: that's what's really astonishing is.

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Speaker 4: Think about the way that this country's supposed to worry, Like.

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Speaker 1: Think about how much we talk about democracy and how

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Speaker 1: important that's supposed to be. What percentage of voters says

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Speaker 1: the economy is their number one issue, and yet you

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Speaker 1: have really neither of these candidates that has offered anything

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Speaker 1: significant in terms of an economic plan or vision. I

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Speaker 1: mean Joe Biden, like, there are things that he has

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Speaker 1: done that we've talked about in this administration that I

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Speaker 1: support that I think we're a good direction, But in

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Speaker 1: terms of delivering for people in the here and now,

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Speaker 1: it's just it's non existent. It's non existent. What he's

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Speaker 1: even promising in the next hour and We know the

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Speaker 1: promises don't always come reality, but he's not even promising anything,

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Speaker 1: so it's it.

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Speaker 4: Really is remarkable.

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Speaker 1: And you know, James Carvil Bill Clinton like obviously not

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Speaker 1: a big fan of Bill Clinton or the way that

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Speaker 1: he ran his administration, but when it came to campaigning,

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Speaker 1: they understood that the economy had to come first and foremost.

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Speaker 1: And yet you know, not only do you have no

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Speaker 1: place on the economy, you have so much focus on

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Speaker 1: funding foreign wars that regardless of how you feel about

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Speaker 1: those foreign wars, obviously a lot of voters are going

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Speaker 1: to come away with the correct impression that that is

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Speaker 1: much more of a priority to Joe Biden. And by

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Speaker 1: the way, the overwhelming majority of the political class in

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Speaker 1: Washington than their well being day.

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Speaker 5: In a day.

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Speaker 3: Yeah, and that's where sheer political talent also just comes

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Speaker 3: into play. This is true.

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Speaker 2: There's an amazing moment in the ninety two campaign debates.

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Speaker 2: You can go watch it on YouTube where some lady

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Speaker 2: asked Clinton a question. I think it's oh no, she

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Speaker 2: asked George hw question about the national debt, which, lady,

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Speaker 2: what are you doing? But it's been thirty years, so

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Speaker 2: we'll forgive her. She asked George W. Hw Bush a

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Speaker 2: question about the national debt. He answers it about the

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Speaker 2: national debt. Clinton is like, she's not talking about the

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Speaker 2: national debt. She's talking about the economy, and he rattles

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Speaker 2: off like ten statistics about how everything you know. Al

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Speaker 2: Gore had a famous saying, He's like, everything that's up,

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Speaker 2: it should be down. Everything that's down should be up.

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Speaker 2: He's like, we're going to turn things right side up.

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Speaker 2: It was a good turn of phrase. But my point

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Speaker 2: is that they un stood intuitively that hw Bush and

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Speaker 2: trickled down economics was deeply out of touch with the

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Speaker 2: current recession that was happening there at that time, and

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Speaker 2: they hammered it home every single time that they would

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Speaker 2: talk about that. So obviously ninety two he gets carried in,

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Speaker 2: But people forget ninety six was a blowout election completely,

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Speaker 2: and it was all because he continued on that economic legacy,

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Speaker 2: and even though he didn't really do very much well

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Speaker 2: he was president, he benefited from a lot of different stuff.

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Speaker 2: He still was laser focused on that message, and even

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Speaker 2: after the whole Lewinsky thing, he left office with a

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Speaker 2: sixty six percent approval rating. So there is a lot

439
00:20:34,240 --> 00:20:36,960
Speaker 2: to be learned here about just literal sheer political talent,

440
00:20:37,280 --> 00:20:39,560
Speaker 2: and neither of the candidates we currently have who are

441
00:20:39,640 --> 00:20:42,840
Speaker 2: major in the race are even trying to emulate any

442
00:20:42,880 --> 00:20:45,199
Speaker 2: of that when it's one of the most successful strategies

443
00:20:45,400 --> 00:20:48,200
Speaker 2: of my entire lifetime as a politician. Frankly, even more

444
00:20:48,200 --> 00:20:51,119
Speaker 2: successful than Obama if we look at how he left

445
00:20:51,119 --> 00:20:52,400
Speaker 2: office with his approval rating.

446
00:20:52,440 --> 00:20:56,040
Speaker 1: Clinton had more of the common man, you know, that

447
00:20:56,119 --> 00:20:57,760
Speaker 1: was the thing, I feel your pain like. There was

448
00:20:57,800 --> 00:21:00,800
Speaker 1: a lot to be that was very interesting about his

449
00:21:00,880 --> 00:21:03,520
Speaker 1: ninety two campaign, in particular where he really positioned himself

450
00:21:03,520 --> 00:21:06,159
Speaker 1: as tried to position himself in a more populist direction

451
00:21:06,640 --> 00:21:09,239
Speaker 1: vis a vi hw Bush, who is this like, you know,

452
00:21:09,400 --> 00:21:13,720
Speaker 1: patrician scion of an extremely wealthy like political dynasty, and

453
00:21:14,240 --> 00:21:17,680
Speaker 1: did all sorts of Romney esque things to signal to

454
00:21:17,720 --> 00:21:20,119
Speaker 1: the public like this guy is nothing like you.

455
00:21:20,240 --> 00:21:21,800
Speaker 4: He does not understand your life.

456
00:21:21,880 --> 00:21:24,840
Speaker 1: And obviously you know this is disputed, but with a

457
00:21:24,840 --> 00:21:27,760
Speaker 1: little help from ross Pero, he's able to ultimately get

458
00:21:27,760 --> 00:21:30,280
Speaker 1: over the top. So in any case, to take it

459
00:21:30,320 --> 00:21:33,639
Speaker 1: back to Carville's original point in terms of sheer political talent,

460
00:21:33,720 --> 00:21:36,080
Speaker 1: Joe Biden is no Bill Clinton, no doubt about it.

461
00:21:36,119 --> 00:21:38,760
Speaker 1: And Democrats have really been fortunate. You know, they were

462
00:21:38,800 --> 00:21:41,320
Speaker 1: fortunate with Clinton because he was an extraordinary political talent.

463
00:21:41,359 --> 00:21:43,679
Speaker 1: Barack Obama was also, in a very different way an

464
00:21:43,680 --> 00:21:47,680
Speaker 1: extraordinary political talent. Hillary Clinton not so much, and Joe

465
00:21:47,680 --> 00:21:50,679
Speaker 1: Biden at one point he had some things going for

466
00:21:50,800 --> 00:21:54,399
Speaker 1: him politically, you know, in this sense of empathy. That

467
00:21:54,520 --> 00:21:57,280
Speaker 1: was what he was really famous for. But those years

468
00:21:57,320 --> 00:21:59,080
Speaker 1: are have passed them by, no.

469
00:21:59,080 --> 00:21:59,639
Speaker 4: Doubt about it.

470
00:22:00,280 --> 00:22:05,720
Speaker 3: If stuttered away.

471
00:22:03,760 --> 00:22:08,920
Speaker 1: Senator Lindsay Graham, who's one of the biggest Ukraine warhawks possible.

472
00:22:09,119 --> 00:22:10,280
Speaker 4: You know, if this guy was in.

473
00:22:10,320 --> 00:22:14,120
Speaker 1: Charge, god forbid, we would already be in World War Three.

474
00:22:14,320 --> 00:22:16,679
Speaker 1: Like there's no doubt whether it's with you know, Russia,

475
00:22:16,760 --> 00:22:19,679
Speaker 1: or whethers with regard to Iran. Like any number of

476
00:22:19,840 --> 00:22:22,320
Speaker 1: World War three's, Lindsay Graham is constantly looking to get

477
00:22:22,400 --> 00:22:25,920
Speaker 1: us into He made some comments though, that were, I guess,

478
00:22:26,560 --> 00:22:29,879
Speaker 1: very honest about the real reasons why we care so

479
00:22:29,960 --> 00:22:32,800
Speaker 1: much about Ukraine, and spoiler alert has nothing to do

480
00:22:32,960 --> 00:22:37,840
Speaker 1: with democracy or with their sovereignty or human rights. Let's

481
00:22:37,840 --> 00:22:41,080
Speaker 1: take a listen to how Senator Graham explains why we

482
00:22:41,119 --> 00:22:42,879
Speaker 1: should be super committed to Ukraine.

483
00:22:42,920 --> 00:22:46,160
Speaker 6: They're sitting on ten to twelve trillion dollars of critical

484
00:22:46,200 --> 00:22:50,280
Speaker 6: minerals in Ukraine, they could be the richest country.

485
00:22:49,840 --> 00:22:51,200
Speaker 3: In all of Europe.

486
00:22:51,359 --> 00:22:54,119
Speaker 6: I don't want to give that money and those assets

487
00:22:54,160 --> 00:22:57,440
Speaker 6: to Putin to share with China. If we help Ukraine now,

488
00:22:57,680 --> 00:23:00,600
Speaker 6: they can become the best business partner wherever dreamed of

489
00:23:00,960 --> 00:23:04,000
Speaker 6: That ten to twelve trillion dollars or critical mineral assets

490
00:23:04,240 --> 00:23:07,440
Speaker 6: could be used by Ukraine and the West, not given

491
00:23:07,480 --> 00:23:10,440
Speaker 6: to Putin in China. This is a very big deal

492
00:23:10,600 --> 00:23:13,760
Speaker 6: how Ukraine ends. Let's help them win a war we

493
00:23:13,800 --> 00:23:16,920
Speaker 6: can't afford to lose. Let's find a solution to this war.

494
00:23:17,240 --> 00:23:20,080
Speaker 6: But they're sitting on a gold mine. To give Putin

495
00:23:20,520 --> 00:23:23,480
Speaker 6: ten or twelve trillion dollars or critical minerals that he

496
00:23:23,600 --> 00:23:26,640
Speaker 6: will share with China is ridiculous.

497
00:23:26,760 --> 00:23:29,080
Speaker 1: Soccercarrius, your thoughts on this one.

498
00:23:29,200 --> 00:23:31,639
Speaker 2: Well, first of all, you're not supposed to say stuff

499
00:23:31,640 --> 00:23:34,480
Speaker 2: like that ever since the World War One and the

500
00:23:34,520 --> 00:23:39,200
Speaker 2: Great War, because that's when literal territorial conquests went out

501
00:23:39,200 --> 00:23:42,639
Speaker 2: of style. And if you embrace that, then you are Putin.

502
00:23:42,800 --> 00:23:46,119
Speaker 2: That's basically Putinism. Putinism is we have the right as

503
00:23:46,200 --> 00:23:50,959
Speaker 2: a great power to seize this territory under whatever democratic means,

504
00:23:51,119 --> 00:23:55,040
Speaker 2: because we can, and for for economic.

505
00:23:54,560 --> 00:23:56,479
Speaker 1: Purposes, because we want that lithium or what.

506
00:23:57,320 --> 00:23:59,760
Speaker 2: This is part of the thing that is so patently.

507
00:24:00,040 --> 00:24:02,040
Speaker 2: Of course, people used to say that about Afghanistan too.

508
00:24:02,040 --> 00:24:05,119
Speaker 2: They're like, well, theoretically there's six amount. It's like, yeah,

509
00:24:05,160 --> 00:24:08,119
Speaker 2: what the Soviet Union and the Russians ruled Ukraine for

510
00:24:08,160 --> 00:24:11,400
Speaker 2: what hundreds of years. If they were going to extract

511
00:24:11,440 --> 00:24:14,199
Speaker 2: any thing of true value like that, they would have

512
00:24:14,240 --> 00:24:17,800
Speaker 2: done it already. And more so, if that was remain

513
00:24:17,880 --> 00:24:20,600
Speaker 2: true in the modern era, then the Ukrainian government would

514
00:24:20,600 --> 00:24:21,000
Speaker 2: have done.

515
00:24:20,880 --> 00:24:23,360
Speaker 3: It already if it was actually going to be possible.

516
00:24:23,400 --> 00:24:26,000
Speaker 2: The reason why it's not possible is that Ukraine is

517
00:24:26,080 --> 00:24:32,080
Speaker 2: a stratified country along ethnic lines, with deep corruption, and

518
00:24:32,480 --> 00:24:36,720
Speaker 2: which basically has huge internal contradictions that go against each

519
00:24:36,720 --> 00:24:39,639
Speaker 2: other that don't make it a functioning nation state, just

520
00:24:39,800 --> 00:24:44,480
Speaker 2: like Afghanistan doesn't sound familiar. So underlying you know, resources

521
00:24:44,600 --> 00:24:47,200
Speaker 2: or whatever, who cares about that. It's about the functioning

522
00:24:47,200 --> 00:24:50,639
Speaker 2: apparatus above that's actually you know, able to bring that

523
00:24:50,680 --> 00:24:52,040
Speaker 2: stuff to market, to be able to trade it.

524
00:24:52,040 --> 00:24:53,679
Speaker 3: There's a reason they're known for grain and have been

525
00:24:53,720 --> 00:24:55,160
Speaker 3: known for grain for hundreds of years.

526
00:24:55,160 --> 00:24:57,119
Speaker 1: Okay, how much, But how much do you think that

527
00:24:57,200 --> 00:25:01,800
Speaker 1: this is reflective of other elite thinking like in the

528
00:25:01,800 --> 00:25:03,080
Speaker 1: Biden administration, et cetera.

529
00:25:03,280 --> 00:25:06,000
Speaker 2: I would say it's very difficult because I actually don't

530
00:25:06,040 --> 00:25:09,720
Speaker 2: think they're there. There's a better case for US involvement

531
00:25:09,800 --> 00:25:13,000
Speaker 2: in Iraq and specifically in the Middle East on oil

532
00:25:13,320 --> 00:25:16,160
Speaker 2: than there is for this, because, like I just said,

533
00:25:16,240 --> 00:25:20,080
Speaker 2: nothing he's saying is even proven or actually like true

534
00:25:20,240 --> 00:25:23,199
Speaker 2: in terms of its deliverables. I think a lot of

535
00:25:23,240 --> 00:25:26,280
Speaker 2: it just comes down to like putin bad if anything,

536
00:25:26,480 --> 00:25:29,159
Speaker 2: like I said, he is probably exhibiting more of a

537
00:25:29,200 --> 00:25:33,960
Speaker 2: Putinesque like Russian mindset about why we need Ukraine. But

538
00:25:34,000 --> 00:25:36,360
Speaker 2: regardless what is he saying there, He said, we need

539
00:25:36,359 --> 00:25:39,359
Speaker 2: to quote unquote help Ukraine to turn it into a

540
00:25:39,520 --> 00:25:44,360
Speaker 2: mineral vassal state that can work as our electric battery

541
00:25:44,720 --> 00:25:49,720
Speaker 2: vehicle manufacturing. Someone should go and ask Ukrainians. Someone should

542
00:25:49,760 --> 00:25:52,360
Speaker 2: go ask the Ukrainian grandpa who's sixty two years old

543
00:25:52,400 --> 00:25:54,720
Speaker 2: and had one week of basic training on the front line,

544
00:25:54,840 --> 00:25:57,480
Speaker 2: whether that is why he is fighting, and be like, hey,

545
00:25:57,520 --> 00:25:59,600
Speaker 2: do you is that the future that you want for yourself.

546
00:25:59,600 --> 00:26:02,240
Speaker 2: He's like, wait, I thought I was fighting for self determination.

547
00:26:02,320 --> 00:26:04,159
Speaker 2: It's like, hey, buddy, we got some news for you

548
00:26:04,480 --> 00:26:05,920
Speaker 2: about what you're really doing.

549
00:26:05,920 --> 00:26:06,040
Speaker 3: That.

550
00:26:06,119 --> 00:26:07,800
Speaker 2: I mean, like this is straight up out of World

551
00:26:07,800 --> 00:26:09,399
Speaker 2: War One, like out of those secret treaties of the

552
00:26:09,440 --> 00:26:10,680
Speaker 2: Bolsheviks published.

553
00:26:10,680 --> 00:26:13,280
Speaker 3: That's that's a view into this mindset. Yeah.

554
00:26:13,359 --> 00:26:15,840
Speaker 1: The Washington posted to an article a little while back

555
00:26:15,960 --> 00:26:19,080
Speaker 1: just to confirm the mineral deposits that Lindsay Graham was

556
00:26:19,119 --> 00:26:19,520
Speaker 1: talking to.

557
00:26:19,640 --> 00:26:20,760
Speaker 4: Put this up on the screen.

558
00:26:21,520 --> 00:26:23,200
Speaker 1: They say, in the Ukraine War a battle for the

559
00:26:23,280 --> 00:26:26,880
Speaker 1: nation's mineral and energy wealth. And they firm it from

560
00:26:26,880 --> 00:26:29,200
Speaker 1: the other direction of not like, well, this is why

561
00:26:29,200 --> 00:26:30,879
Speaker 1: we should be here, so that they can turn we

562
00:26:30,880 --> 00:26:34,120
Speaker 1: can turn them into our lithium vessel state as far

563
00:26:34,200 --> 00:26:36,720
Speaker 1: or footed. But that's what the Russians are really after.

564
00:26:37,240 --> 00:26:39,879
Speaker 1: And in fact, a lot of the mineral wealth is

565
00:26:39,960 --> 00:26:43,359
Speaker 1: in eastern Ukraine, you know, the area that is most

566
00:26:43,400 --> 00:26:45,520
Speaker 1: in dispute. It's also the area that is the most

567
00:26:45,600 --> 00:26:46,840
Speaker 1: ethnically Russian.

568
00:26:46,760 --> 00:26:48,280
Speaker 3: The one that actually speaks Russian.

569
00:26:48,359 --> 00:26:51,080
Speaker 1: You mean, yeah, right, So they say Ukraine harbor some

570
00:26:51,119 --> 00:26:53,960
Speaker 1: of the world's largest reserves of titanium and iron ore

571
00:26:54,200 --> 00:26:58,560
Speaker 1: fields of untapped lithium and massive deposits of coal. Collectively,

572
00:26:58,560 --> 00:27:00,639
Speaker 1: there are worth tens of trillions of dollars. The line's

573
00:27:00,640 --> 00:27:03,160
Speaker 1: share of those coal deposits, which for decorads have powered

574
00:27:03,240 --> 00:27:06,320
Speaker 1: Ukraine's critical steel industry, are concentrated in the East, where

575
00:27:06,359 --> 00:27:09,320
Speaker 1: Moscow's made the most inroads. That puts them in Russian hands,

576
00:27:09,359 --> 00:27:12,240
Speaker 1: along with significant amounts of other valuable energy and mineral

577
00:27:12,240 --> 00:27:16,320
Speaker 1: deposits used for everything from aircraft parts to smartphones. Ukraine

578
00:27:16,320 --> 00:27:19,560
Speaker 1: would also lose myriad other reserves, including stores to natural gas, oil,

579
00:27:19,680 --> 00:27:22,879
Speaker 1: rare earth minerals essential for certain high tech components that

580
00:27:22,880 --> 00:27:26,479
Speaker 1: could hamper Western europe search for alternatives to imports from

581
00:27:26,560 --> 00:27:27,480
Speaker 1: Russia and China.

582
00:27:27,800 --> 00:27:29,160
Speaker 4: Ukraine is widely known as an.

583
00:27:29,119 --> 00:27:33,360
Speaker 1: Agricultural powerhouse, but as a raw material mother load. It's

584
00:27:33,440 --> 00:27:35,680
Speaker 1: home to one hundred and seventeen of the one hundred

585
00:27:35,680 --> 00:27:38,720
Speaker 1: and twenty most widely used minerals and metals, and a

586
00:27:38,840 --> 00:27:42,080
Speaker 1: major source of fossil fuels. So I mean, I do

587
00:27:42,119 --> 00:27:44,959
Speaker 1: think that there are not only this, but there are

588
00:27:44,960 --> 00:27:48,040
Speaker 1: other business interests in Ukraine. We've seen the way that

589
00:27:48,320 --> 00:27:51,520
Speaker 1: private equity has been very excited about the idea of

590
00:27:51,560 --> 00:27:54,159
Speaker 1: how much money we're going to pay them basically for

591
00:27:54,520 --> 00:27:57,840
Speaker 1: Ukraine reconstruction, And obviously, the longer the war goes on

592
00:27:57,920 --> 00:28:00,560
Speaker 1: and the more devastation there is ah the war opordentity

593
00:28:00,600 --> 00:28:05,600
Speaker 1: there is for those reconstruction dollars to flow into their coffers,

594
00:28:05,800 --> 00:28:08,800
Speaker 1: so you know, and obviously you have the military industrial

595
00:28:08,840 --> 00:28:10,959
Speaker 1: complex that are always chomping at the bit for a

596
00:28:11,000 --> 00:28:13,320
Speaker 1: new war, and you know what that means for their

597
00:28:13,359 --> 00:28:15,760
Speaker 1: bottom line. So this is an important part of the

598
00:28:15,800 --> 00:28:19,320
Speaker 1: story of how we end up constantly engaged in these

599
00:28:19,320 --> 00:28:22,280
Speaker 1: different wars, whether it's directly or proxy wars like this one,

600
00:28:22,560 --> 00:28:24,800
Speaker 1: and why they seem to go on forever because you

601
00:28:24,840 --> 00:28:27,040
Speaker 1: have a lot of people who are either currently profiting

602
00:28:27,040 --> 00:28:30,359
Speaker 1: from the war or looking forward to future profits from

603
00:28:30,359 --> 00:28:30,720
Speaker 1: that war.

604
00:28:30,840 --> 00:28:33,600
Speaker 2: That is a much more accurate and frankly, I think

605
00:28:33,840 --> 00:28:36,840
Speaker 2: correct economic case that can really be made here is

606
00:28:36,920 --> 00:28:39,479
Speaker 2: why do you think Blackstone, JP Morgan and all these

607
00:28:39,480 --> 00:28:42,360
Speaker 2: other people are holding summits about rebuilding Ukraine Because the

608
00:28:42,360 --> 00:28:44,479
Speaker 2: American taxpayer is going to pay for it. They're going

609
00:28:44,560 --> 00:28:47,040
Speaker 2: to finance all the fake bonds and all this other stuff,

610
00:28:47,160 --> 00:28:47,760
Speaker 2: and We're going to be.

611
00:28:47,760 --> 00:28:51,320
Speaker 3: The guarant terror of all of that. Yeah, it's disaster capitalism.

612
00:28:51,400 --> 00:28:54,600
Speaker 2: It's happened time and time and time again. And then

613
00:28:54,720 --> 00:28:58,480
Speaker 2: we'll create these fake state owned companies in Ukraine. Who oh,

614
00:28:58,560 --> 00:29:01,560
Speaker 2: they just happen to become filthy rich oligarchs too, who

615
00:29:01,720 --> 00:29:04,719
Speaker 2: end up, you know, basically some corrupt people on the planet.

616
00:29:04,760 --> 00:29:07,120
Speaker 2: But it's all good because America is gonna get it's

617
00:29:07,160 --> 00:29:09,880
Speaker 2: twenty percent. And by America I mean the banks, not

618
00:29:10,120 --> 00:29:13,600
Speaker 2: anybody who is like a normal, average working person, and

619
00:29:13,760 --> 00:29:16,160
Speaker 2: or the politicians who will then go work for the banks.

620
00:29:16,200 --> 00:29:18,760
Speaker 2: That's if there is an economic case to be made

621
00:29:18,960 --> 00:29:20,760
Speaker 2: for why US elites care about Ukraine.

622
00:29:20,920 --> 00:29:22,680
Speaker 3: That's what it actually is.

623
00:29:23,160 --> 00:29:27,320
Speaker 2: We're going all dressed up by this bs around minerals

624
00:29:27,480 --> 00:29:28,440
Speaker 2: or democracy.

625
00:29:28,520 --> 00:29:30,880
Speaker 3: But I mean, at the very least with Graham.

626
00:29:31,240 --> 00:29:34,640
Speaker 2: This is why you if anything, it is more evil

627
00:29:35,000 --> 00:29:38,160
Speaker 2: to it is straight up actually out of World War One,

628
00:29:38,240 --> 00:29:43,480
Speaker 2: to have imperial powers dress up their conquest of territory

629
00:29:43,800 --> 00:29:49,000
Speaker 2: in some grand fight against fascism or Kaiserism, and then

630
00:29:49,040 --> 00:29:51,000
Speaker 2: a treaty comes out and it's like, oh well, actually,

631
00:29:51,040 --> 00:29:53,400
Speaker 2: behind the scenes, we're splitting up, you know, all the

632
00:29:53,440 --> 00:29:58,040
Speaker 2: remains of Eastern Europe or the Istanbul and Constantinople or whatever.

633
00:29:58,080 --> 00:30:00,360
Speaker 3: It's like, No, that's that's what it's really about.

634
00:30:00,400 --> 00:30:02,400
Speaker 2: It probably has always been that way, but you know,

635
00:30:02,440 --> 00:30:04,800
Speaker 2: with a very few exceptions, but you're not supposed to

636
00:30:04,840 --> 00:30:06,880
Speaker 2: say this stuff out loud, and that's why it's so gross.

637
00:30:07,080 --> 00:30:10,000
Speaker 1: Yeah, I mean it's hard to say which I prefer, like, I.

638
00:30:09,960 --> 00:30:11,600
Speaker 3: Mean, I do prefer this. I will say I want,

639
00:30:11,600 --> 00:30:13,840
Speaker 3: honestly more than anything. Yes, you can talk about.

640
00:30:13,600 --> 00:30:17,600
Speaker 1: It exactly, because it's confusing to the American public if

641
00:30:17,600 --> 00:30:20,600
Speaker 1: it's dressed up in values that they really believe in, right,

642
00:30:20,640 --> 00:30:23,880
Speaker 1: that they actually earnestly care about right, and that they

643
00:30:23,880 --> 00:30:27,479
Speaker 1: actually earnestly are concerned about the Ukrainian people and what

644
00:30:27,520 --> 00:30:30,200
Speaker 1: this has done to their lives and their futures, et cetera,

645
00:30:30,720 --> 00:30:33,600
Speaker 1: And so it confuses them about what our involvement is

646
00:30:33,680 --> 00:30:34,720
Speaker 1: actually about.

647
00:30:34,880 --> 00:30:37,800
Speaker 4: I do think it'd be better if you had, you know, Joe.

648
00:30:37,640 --> 00:30:41,480
Speaker 1: Biden and others who were talking nakedly about their like

649
00:30:41,960 --> 00:30:45,680
Speaker 1: wealth extraction plans out of this war, because then we

650
00:30:45,720 --> 00:30:48,440
Speaker 1: could have honestly put it to the American people of like, Okay,

651
00:30:48,440 --> 00:30:50,840
Speaker 1: well is this worth it to you? Is this like

652
00:30:50,880 --> 00:30:55,760
Speaker 1: what your priority actually is? Cloaking it in humanitarian values,

653
00:30:55,800 --> 00:30:58,440
Speaker 1: while the true end is just you know, feeding the

654
00:30:58,720 --> 00:31:02,560
Speaker 1: profit machine is grotesque. So I guess, thank.

655
00:31:02,360 --> 00:31:03,360
Speaker 4: You, Lindsey Gram.

656
00:31:03,600 --> 00:31:08,240
Speaker 1: Sure your rare honesty, I guess, but your worldview is gross.

657
00:31:10,400 --> 00:31:14,960
Speaker 2: Right, this is a very interesting one. I'm sure that's

658
00:31:15,160 --> 00:31:17,280
Speaker 2: I mean quite literally, is going to affect all of us.

659
00:31:17,320 --> 00:31:20,800
Speaker 2: Let's put this up there on the screen. Is your

660
00:31:20,960 --> 00:31:25,560
Speaker 2: driving being secretly scored? The insurance industry quote, hungry for

661
00:31:25,680 --> 00:31:29,720
Speaker 2: insights into how people drive, has turned to automakers and

662
00:31:29,840 --> 00:31:33,720
Speaker 2: smartphone apps like Life three sixty. So it says, quote,

663
00:31:33,760 --> 00:31:36,000
Speaker 2: you know you have a credit score, but did you

664
00:31:36,120 --> 00:31:39,160
Speaker 2: know that you might also have a driver's score. A

665
00:31:39,280 --> 00:31:43,200
Speaker 2: driver's score reflects how many times you slam on the brakes,

666
00:31:43,200 --> 00:31:45,200
Speaker 2: how much you speed, how much you look at your phone,

667
00:31:45,400 --> 00:31:48,560
Speaker 2: how much you drive late at night. Then that driver's

668
00:31:48,600 --> 00:31:51,840
Speaker 2: score is then being bought and used by auto insurance

669
00:31:51,880 --> 00:31:54,920
Speaker 2: companies to variably adjust your auto.

670
00:31:54,680 --> 00:31:57,280
Speaker 3: Insurance rates, it says correctly.

671
00:31:57,320 --> 00:31:59,600
Speaker 2: For the last two decades, auto insurers have been trying

672
00:31:59,640 --> 00:32:02,160
Speaker 2: to get people to enroll in these programs that they

673
00:32:02,200 --> 00:32:05,360
Speaker 2: monitor their day to day driving, they say, so that

674
00:32:05,400 --> 00:32:06,800
Speaker 2: the rates can better.

675
00:32:06,560 --> 00:32:08,240
Speaker 3: Reflect their actual risk.

676
00:32:08,600 --> 00:32:11,120
Speaker 2: But you could flip it around and say, so that

677
00:32:11,160 --> 00:32:14,800
Speaker 2: the rates can also variably spike whenever we see you

678
00:32:14,880 --> 00:32:17,720
Speaker 2: doing something quote unquote risky. Well, why is that bad?

679
00:32:17,960 --> 00:32:22,479
Speaker 2: Because it is a complete invasion of privacy that uses

680
00:32:22,720 --> 00:32:26,720
Speaker 2: not only the vehicle but your phone to gauge all

681
00:32:26,880 --> 00:32:30,040
Speaker 2: of the details of your everyday life. It is also,

682
00:32:30,240 --> 00:32:33,040
Speaker 2: frankly not really fair. I've been thinking about this because

683
00:32:33,080 --> 00:32:34,640
Speaker 2: I drive and rush hour traffic here.

684
00:32:34,880 --> 00:32:36,200
Speaker 3: Well, if I slam on the.

685
00:32:36,160 --> 00:32:38,200
Speaker 2: Brakes because somebody is an idiot in front of me,

686
00:32:38,520 --> 00:32:40,480
Speaker 2: I'm getting penalized.

687
00:32:40,120 --> 00:32:41,440
Speaker 3: And it's not my fault.

688
00:32:41,640 --> 00:32:44,160
Speaker 2: You know that people drive here in bumper to bumper

689
00:32:44,200 --> 00:32:45,480
Speaker 2: And by the way, if you're not bumpered a bumper,

690
00:32:45,480 --> 00:32:46,960
Speaker 2: you're just gonna get cut off and then you're the

691
00:32:47,000 --> 00:32:49,360
Speaker 2: sucker who's in the drive. So my point is just

692
00:32:49,400 --> 00:32:52,480
Speaker 2: that there are so many perverse incentives and different ways

693
00:32:52,480 --> 00:32:56,560
Speaker 2: where this could spike insurance rates for some consumers. Others

694
00:32:56,560 --> 00:32:59,120
Speaker 2: who maybe have a different commute would be paying less.

695
00:32:59,440 --> 00:33:03,320
Speaker 2: It would basically put the burden on you know, let's

696
00:33:03,320 --> 00:33:06,320
Speaker 2: say people who have to drive in rush hour traffic,

697
00:33:06,360 --> 00:33:08,280
Speaker 2: and they would have to pay much more, even though

698
00:33:08,280 --> 00:33:10,200
Speaker 2: they're the ones who are, you know, frankly spending more

699
00:33:10,200 --> 00:33:12,120
Speaker 2: time on the road, et cetera. It's just one of

700
00:33:12,120 --> 00:33:15,360
Speaker 2: those where the privacy element of it shows what the

701
00:33:15,480 --> 00:33:18,160
Speaker 2: invasion looks like. And I would be remiss if I

702
00:33:18,200 --> 00:33:21,240
Speaker 2: didn't say also that this comes just we're taping this segment.

703
00:33:21,280 --> 00:33:25,480
Speaker 2: The very day after that, Apple announces this major integration

704
00:33:25,880 --> 00:33:28,160
Speaker 2: with open AI and with chat GPT.

705
00:33:28,640 --> 00:33:29,920
Speaker 3: So now you know.

706
00:33:29,920 --> 00:33:34,160
Speaker 2: At the OS level, your data is hardwired into a

707
00:33:34,240 --> 00:33:37,120
Speaker 2: large language model where what you think that you know,

708
00:33:37,480 --> 00:33:39,560
Speaker 2: all of the Geico and all these other companies aren't

709
00:33:39,560 --> 00:33:42,080
Speaker 2: going to be then using that to churn even more

710
00:33:42,400 --> 00:33:45,719
Speaker 2: and create predictive models of your driving so they can

711
00:33:45,840 --> 00:33:48,000
Speaker 2: variably adjust. I mean, you can just see what the

712
00:33:48,040 --> 00:33:51,440
Speaker 2: future here looks like where they're going to squeeze every single.

713
00:33:51,120 --> 00:33:52,400
Speaker 3: Dollar that they have out of you.

714
00:33:52,520 --> 00:33:54,880
Speaker 1: And really, in some ways the most disturbing part is

715
00:33:54,920 --> 00:33:56,200
Speaker 1: people have no idea.

716
00:33:56,280 --> 00:33:56,840
Speaker 3: We don't even know.

717
00:33:56,920 --> 00:33:58,080
Speaker 4: I didn't notice was happening.

718
00:33:58,240 --> 00:34:00,520
Speaker 1: You download an app like a gas but is the

719
00:34:00,520 --> 00:34:03,000
Speaker 1: one that's mentioned here which helps you, like, I guess,

720
00:34:03,040 --> 00:34:04,160
Speaker 1: be more fuel lectures?

721
00:34:04,200 --> 00:34:06,360
Speaker 3: Cool app? Actually, well it used to be cool after.

722
00:34:07,040 --> 00:34:11,560
Speaker 1: Yeah, now you need to read the disclosures very carefully because, yeah,

723
00:34:11,640 --> 00:34:13,880
Speaker 1: the apps that are on your phone and your car

724
00:34:13,920 --> 00:34:18,600
Speaker 1: itself is snitching to your car insurance company and selling

725
00:34:18,680 --> 00:34:22,440
Speaker 1: your data about and I'm talking about down to the minute,

726
00:34:23,040 --> 00:34:27,560
Speaker 1: like second by second diary of what you are doing

727
00:34:27,680 --> 00:34:30,400
Speaker 1: in the car. One individual who sort of went on

728
00:34:30,440 --> 00:34:32,960
Speaker 1: this quest to find out what they knew about him,

729
00:34:33,280 --> 00:34:36,279
Speaker 1: was ultimately able to obtain his driver's score and all

730
00:34:36,320 --> 00:34:38,839
Speaker 1: of the information that had been sold to these car

731
00:34:38,840 --> 00:34:42,000
Speaker 1: insurance companies. He said there was a Microsoft Excel file

732
00:34:42,280 --> 00:34:46,279
Speaker 1: with timestamped list of his every offending event and the

733
00:34:46,480 --> 00:34:48,640
Speaker 1: latitude and longitude.

734
00:34:48,160 --> 00:34:49,360
Speaker 4: For where they occurred.

735
00:34:49,719 --> 00:34:52,120
Speaker 1: In the speeding tab, for example, there were more than

736
00:34:52,120 --> 00:34:56,400
Speaker 1: two hundred second by second entries for the handful of

737
00:34:56,480 --> 00:34:59,880
Speaker 1: drives during which this individual, mister Letherne, had exceeded a

738
00:35:00,000 --> 00:35:03,799
Speaker 1: eighty five miles per hour. Like they are tracking you

739
00:35:04,200 --> 00:35:08,319
Speaker 1: second by second, where your eyes are, how often you're

740
00:35:08,360 --> 00:35:11,719
Speaker 1: on the phone, whether you put the brake on a

741
00:35:11,800 --> 00:35:15,280
Speaker 1: little too hard, whether you accelerate it a little too fast,

742
00:35:15,760 --> 00:35:19,080
Speaker 1: Like I think people would be horrified to know that.

743
00:35:19,160 --> 00:35:20,680
Speaker 1: You feel like when you're in your car, you feel

744
00:35:20,719 --> 00:35:22,160
Speaker 1: like you're kind of in like you're.

745
00:35:22,000 --> 00:35:24,200
Speaker 3: In your space, supposedly your property, but.

746
00:35:24,320 --> 00:35:25,760
Speaker 4: Yeah, you're in your property.

747
00:35:25,760 --> 00:35:28,480
Speaker 1: You're in your space, like you feel like this is

748
00:35:28,640 --> 00:35:30,920
Speaker 1: a you know, obviously there's people could see the way,

749
00:35:31,000 --> 00:35:33,080
Speaker 1: but you feel like this is like a private space.

750
00:35:33,480 --> 00:35:35,920
Speaker 1: You have no awareness that everything you're doing in there

751
00:35:36,000 --> 00:35:36,760
Speaker 1: is being tracked.

752
00:35:37,120 --> 00:35:38,600
Speaker 4: And GM, actually we.

753
00:35:38,520 --> 00:35:40,000
Speaker 1: Can put this next one up on the screen because

754
00:35:40,000 --> 00:35:41,719
Speaker 1: New York Times had done some reporting.

755
00:35:41,360 --> 00:35:42,120
Speaker 4: On this Previously.

756
00:35:42,800 --> 00:35:47,359
Speaker 1: GM had made a deal with Lexus Nexus where they

757
00:35:47,360 --> 00:35:51,360
Speaker 1: were sending you know, with these digital dashboards, they're tracking

758
00:35:51,640 --> 00:35:54,799
Speaker 1: everything that you're doing in the car, and they were

759
00:35:54,800 --> 00:35:56,920
Speaker 1: selling it to Lexus Nexus, which was selling it to

760
00:35:56,960 --> 00:35:59,600
Speaker 1: the car insurance companies. Now I think after this report

761
00:35:59,640 --> 00:36:03,640
Speaker 1: and that flash, they stopped with this deal. But this

762
00:36:03,920 --> 00:36:07,200
Speaker 1: is this is where we're at. You know, cars have

763
00:36:07,560 --> 00:36:10,960
Speaker 1: so much digital technology in them now they're integrated with

764
00:36:11,000 --> 00:36:14,960
Speaker 1: your smartphones, especially through Apple CarPlay. Could actually put this

765
00:36:15,040 --> 00:36:17,320
Speaker 1: next piece up on the screen because this was something

766
00:36:17,360 --> 00:36:20,239
Speaker 1: that Matt Stoler revealed to us in the context of

767
00:36:20,280 --> 00:36:26,320
Speaker 1: the Apple anti competitive DOJ suit. So CarPlay. Apple wants

768
00:36:26,360 --> 00:36:30,520
Speaker 1: to take over like your entire dashboard through car Play,

769
00:36:31,040 --> 00:36:36,239
Speaker 1: and the thing is for automakers, CarPlay has become very popular.

770
00:36:36,640 --> 00:36:39,920
Speaker 1: You know, people really demand it in their vehicles. The

771
00:36:39,960 --> 00:36:43,080
Speaker 1: only major automaker that doesn't include it. I believe it's

772
00:36:43,160 --> 00:36:45,279
Speaker 1: GM at this point because they want to be able

773
00:36:45,280 --> 00:36:47,120
Speaker 1: to gather your data themselves, I guess, and sell it off.

774
00:36:47,160 --> 00:36:48,640
Speaker 1: They don't want Apple to be able to sell off

775
00:36:48,680 --> 00:36:52,439
Speaker 1: your data. But so you have this full integration of

776
00:36:52,520 --> 00:36:55,239
Speaker 1: everything you're doing in the car being tracked and exploited,

777
00:36:55,320 --> 00:36:58,560
Speaker 1: and I just think people are completely oblivious to any

778
00:36:58,640 --> 00:36:59,520
Speaker 1: of this that's going on.

779
00:37:00,200 --> 00:37:02,279
Speaker 2: Oh oh, absolutely, I was looking for while you were

780
00:37:02,280 --> 00:37:05,680
Speaker 2: talking on Tesla. They used to have this thing called

781
00:37:05,760 --> 00:37:08,279
Speaker 2: a safety score, which is exactly what you're talking about,

782
00:37:08,360 --> 00:37:11,399
Speaker 2: and it would measure hard breaking. I actually opted out

783
00:37:11,400 --> 00:37:14,160
Speaker 2: of it because they were using it as part of

784
00:37:14,320 --> 00:37:18,880
Speaker 2: quote unquote real time insurance, which exactly uses your safety

785
00:37:18,920 --> 00:37:21,120
Speaker 2: score for And I was like, well, it's not fair,

786
00:37:21,200 --> 00:37:24,120
Speaker 2: you know, because you drive so DC and Maryland.

787
00:37:24,160 --> 00:37:26,160
Speaker 3: There's a whole meme in the DC community abou quote

788
00:37:26,200 --> 00:37:27,360
Speaker 3: unquote Maryland drivers.

789
00:37:27,640 --> 00:37:29,319
Speaker 2: And you know, if somebody cuts you off and you're

790
00:37:29,320 --> 00:37:32,040
Speaker 2: constantly like in this battle and war against all of

791
00:37:32,040 --> 00:37:34,399
Speaker 2: these other idiots that are on the road, you're being

792
00:37:34,440 --> 00:37:37,800
Speaker 2: penalized in real time as a result of other people's

793
00:37:37,800 --> 00:37:40,799
Speaker 2: bad driving. Yeah, and that's really what I mean about

794
00:37:40,800 --> 00:37:43,399
Speaker 2: the weird and the perverse incentives and about the way

795
00:37:43,400 --> 00:37:45,960
Speaker 2: that this could all be applied. So I mean the

796
00:37:45,960 --> 00:37:48,319
Speaker 2: real teal dr on this is that when we think

797
00:37:48,360 --> 00:37:50,759
Speaker 2: about the phone and then the car and as it

798
00:37:50,880 --> 00:37:55,160
Speaker 2: fuses together, your phone already has a compass, an accelerometer, everything,

799
00:37:55,239 --> 00:37:57,760
Speaker 2: but they don't even need the car honestly at this point.

800
00:37:57,880 --> 00:38:02,040
Speaker 2: And then we've combined with large data model. It knows

801
00:38:02,239 --> 00:38:05,640
Speaker 2: everything about your driving already if it wants to, and

802
00:38:05,680 --> 00:38:07,840
Speaker 2: then all it takes is a few B to B

803
00:38:08,000 --> 00:38:11,399
Speaker 2: deals between Geico and something else. How many people really

804
00:38:11,440 --> 00:38:15,120
Speaker 2: paying attention every time they hit allows on their of course.

805
00:38:15,000 --> 00:38:16,880
Speaker 1: Yeah, because that's what they would. Oh well, technically we

806
00:38:16,960 --> 00:38:19,560
Speaker 1: asked you whether you wanted this or not. You read

807
00:38:19,600 --> 00:38:23,200
Speaker 1: through the eighty page like disclaimer, you know, consent form

808
00:38:23,200 --> 00:38:24,719
Speaker 1: that you have to sign when you get this app

809
00:38:24,880 --> 00:38:25,600
Speaker 1: what nobody does.

810
00:38:26,000 --> 00:38:28,480
Speaker 2: That's the Also, people are terrible judges of their own driving,

811
00:38:28,560 --> 00:38:30,640
Speaker 2: and there's a lot of data to support this in

812
00:38:30,719 --> 00:38:33,760
Speaker 2: terms of overall survey as opposed to how they actually drive. Well,

813
00:38:33,960 --> 00:38:36,480
Speaker 2: what is guyic going to tell you or whomever? This

814
00:38:36,560 --> 00:38:38,960
Speaker 2: is going to help you because you're a good driver, right, right?

815
00:38:39,000 --> 00:38:41,160
Speaker 2: And you'd be like, yeah, I'm a greed great whatever.

816
00:38:41,480 --> 00:38:41,840
Speaker 4: Boom.

817
00:38:41,960 --> 00:38:45,080
Speaker 2: Next thing you know, you know, you're you almost get

818
00:38:45,120 --> 00:38:46,919
Speaker 2: into a crash and someone cuts you off and your

819
00:38:46,960 --> 00:38:49,919
Speaker 2: insurance premium goes up by ten dollars a month. And also,

820
00:38:49,960 --> 00:38:52,520
Speaker 2: I don't know if everybody knows this, car insurance is

821
00:38:52,640 --> 00:38:55,880
Speaker 2: up by I think forty year over ye. Car insurance

822
00:38:55,920 --> 00:38:58,279
Speaker 2: is totally out of control, so much so that you know,

823
00:38:58,320 --> 00:39:01,359
Speaker 2: I monitor my charges very religiously and I was like,

824
00:39:01,400 --> 00:39:03,759
Speaker 2: what the hell is going on over here? And I

825
00:39:03,800 --> 00:39:05,239
Speaker 2: looked into it and I was like, Oh, it's not

826
00:39:05,320 --> 00:39:08,440
Speaker 2: just me, It's the entire country. There's a lot of

827
00:39:08,480 --> 00:39:12,759
Speaker 2: stuff going on behind the scenes. They really they claim that.

828
00:39:12,760 --> 00:39:14,000
Speaker 3: It's outside of the control.

829
00:39:14,480 --> 00:39:17,320
Speaker 2: When somebody jack surprized up by forty percent over a

830
00:39:17,360 --> 00:39:19,919
Speaker 2: single year, you should probably, you know, think about why

831
00:39:20,000 --> 00:39:23,040
Speaker 2: exactly that is. But the point here is just the technology,

832
00:39:23,440 --> 00:39:25,279
Speaker 2: and it's not just an insurance, by the way, this

833
00:39:25,320 --> 00:39:27,560
Speaker 2: is the whole economy. I just saw a story yesterday

834
00:39:27,680 --> 00:39:32,600
Speaker 2: about Uber. Uber will actually increase the price of your

835
00:39:32,719 --> 00:39:36,359
Speaker 2: ride if your phone battery is very low because they

836
00:39:36,400 --> 00:39:38,840
Speaker 2: know you're desperate. You're like, you've got to get home

837
00:39:39,120 --> 00:39:40,759
Speaker 2: because your phone is going to die.

838
00:39:40,880 --> 00:39:44,120
Speaker 3: Yeah, I mean in a way, it's genius. Right. You're like, well,

839
00:39:44,160 --> 00:39:44,880
Speaker 3: it's true.

840
00:39:45,040 --> 00:39:49,040
Speaker 2: I'll probably be willing to hit forty percent more if

841
00:39:49,040 --> 00:39:51,560
Speaker 2: my phone's at five percent, because I'm screwed if I

842
00:39:51,600 --> 00:39:52,560
Speaker 2: can't get home.

843
00:39:53,000 --> 00:39:55,160
Speaker 3: But that's pretty bad, isn't it.

844
00:39:55,640 --> 00:39:58,719
Speaker 2: There's a lot of variable pricing in Uber eats as well.

845
00:39:58,760 --> 00:39:59,960
Speaker 3: You know Uber eats mcdonald'.

846
00:40:00,160 --> 00:40:03,160
Speaker 2: McDonald's is making a killing through Uber eats because their

847
00:40:03,160 --> 00:40:04,799
Speaker 2: stuff is cheap. If you're willing to go to the

848
00:40:04,800 --> 00:40:06,840
Speaker 2: store when you're drunk at two thirty in the morning,

849
00:40:06,840 --> 00:40:08,600
Speaker 2: people are gonna pay a lot for McDonald's. They're paying

850
00:40:08,640 --> 00:40:11,480
Speaker 2: like primo prices or for Taco bell or for any

851
00:40:11,480 --> 00:40:13,200
Speaker 2: of these, and Uber Eats knows that, so they.

852
00:40:13,280 --> 00:40:14,240
Speaker 3: Use the variable price.

853
00:40:14,320 --> 00:40:16,880
Speaker 2: The driver usually doesn't get nearly as much, and these

854
00:40:16,880 --> 00:40:19,200
Speaker 2: people are walking away with billions and billions of dollars.

855
00:40:19,320 --> 00:40:21,080
Speaker 4: This is what they're using AI for people.

856
00:40:21,160 --> 00:40:24,120
Speaker 1: Yeah, this has to benefit humanity, But to price gouge

857
00:40:24,120 --> 00:40:27,799
Speaker 1: you to the greatest possible to grind. Seriously, I mean

858
00:40:27,840 --> 00:40:30,279
Speaker 1: there's whole companies that are spun up now to do

859
00:40:30,400 --> 00:40:33,719
Speaker 1: the variable pricing. You're talking about exploiting whatever data they

860
00:40:33,719 --> 00:40:38,279
Speaker 1: get the car. The phone battery thing is crazy. They'll

861
00:40:38,400 --> 00:40:41,440
Speaker 1: use whatever info they can to figure out how desperate

862
00:40:41,520 --> 00:40:45,640
Speaker 1: you are for this particular product, and how willing and

863
00:40:45,880 --> 00:40:48,600
Speaker 1: able you are to pay for this particular product, and

864
00:40:48,640 --> 00:40:51,240
Speaker 1: they'll just turn the dial up squeeze you for every

865
00:40:51,239 --> 00:40:55,760
Speaker 1: bit that you're possibly worth, using AI to fine tune

866
00:40:55,880 --> 00:41:01,359
Speaker 1: the art of price gouging. What a world, All right, Zager?

867
00:41:01,400 --> 00:41:03,560
Speaker 3: What are you looking at as people who watch our amas?

868
00:41:03,600 --> 00:41:03,640
Speaker 1: No?

869
00:41:03,800 --> 00:41:06,480
Speaker 2: I am a fan of nicotine, which in recent years

870
00:41:06,480 --> 00:41:09,640
Speaker 2: has had a major cultural resurgence thanks to the development

871
00:41:09,920 --> 00:41:14,440
Speaker 2: of both smokeless vaporizers and tobacco free pouches from companies

872
00:41:14,480 --> 00:41:18,000
Speaker 2: like Zin or Lucy. This cultural resurgence of nicotine, instead

873
00:41:18,000 --> 00:41:21,360
Speaker 2: of igniting a fair conversation about the trade offs involving

874
00:41:21,360 --> 00:41:26,040
Speaker 2: the drug, has instead sparked an insane bipartisan moral panic,

875
00:41:26,239 --> 00:41:29,760
Speaker 2: which has both hurt market competition and actually made public

876
00:41:29,800 --> 00:41:33,480
Speaker 2: health in America much worse. The story begins with Jewel,

877
00:41:33,560 --> 00:41:37,239
Speaker 2: which was the major innovator in popularizing vaping. Jewell, through

878
00:41:37,280 --> 00:41:42,720
Speaker 2: proprietary technology and innovative patents, invented a vaporizer which was small, sleek,

879
00:41:42,800 --> 00:41:46,239
Speaker 2: and then most importantly delivered the same nicotine hit as

880
00:41:46,280 --> 00:41:49,640
Speaker 2: an actual cigarette. The impetus for starting that company were

881
00:41:49,680 --> 00:41:53,000
Speaker 2: as actually two smokers who had tried desperately to quit

882
00:41:53,120 --> 00:41:56,080
Speaker 2: consistently and were unable to find anything in.

883
00:41:56,000 --> 00:41:57,560
Speaker 3: The marketplace which worked for them.

884
00:41:57,800 --> 00:41:59,920
Speaker 2: In other words, the intention of the company from the

885
00:42:00,160 --> 00:42:04,120
Speaker 2: outset was explicitly to help people quit smoking, which it

886
00:42:04,200 --> 00:42:07,880
Speaker 2: did both for the founders and increasingly for millions of smokers.

887
00:42:08,120 --> 00:42:12,240
Speaker 2: But then something unintended happened. People who started using Jewel

888
00:42:12,280 --> 00:42:15,880
Speaker 2: and nicotine may not have otherwise ever have smoked, largely

889
00:42:15,960 --> 00:42:19,080
Speaker 2: because they intuited that jeweling, while probably not quote unquote

890
00:42:19,160 --> 00:42:21,000
Speaker 2: good for you, is still a hell of a lot

891
00:42:21,040 --> 00:42:24,399
Speaker 2: better than actually smoking. Well, here's where the nanny state

892
00:42:24,520 --> 00:42:28,880
Speaker 2: kicked in. Jewel innovated by creating different flaser flavors of

893
00:42:28,960 --> 00:42:31,719
Speaker 2: so called nicotine pods, the most famous of which were

894
00:42:31,760 --> 00:42:34,960
Speaker 2: mango and crem burlet. Quickly, they became attacked by the

895
00:42:35,040 --> 00:42:39,080
Speaker 2: US government because of its own success. Despite literally millions

896
00:42:39,080 --> 00:42:42,239
Speaker 2: of people switching from cigarettes to vaping, including enjoying those

897
00:42:42,239 --> 00:42:46,960
Speaker 2: flavored pods, the FDA under the Trump administration put them

898
00:42:47,000 --> 00:42:52,560
Speaker 2: into their sites in twenty eighteen, facing massive regulatory scrutiny

899
00:42:52,760 --> 00:42:56,080
Speaker 2: Jewel had to pull flavored pods from its stores. This

900
00:42:56,280 --> 00:42:59,080
Speaker 2: was under a later rule by the FDA to combat

901
00:42:59,160 --> 00:43:01,520
Speaker 2: the so called youth vaping epidemic.

902
00:43:01,760 --> 00:43:02,520
Speaker 3: Now, since it's.

903
00:43:02,360 --> 00:43:05,319
Speaker 2: Been five years or so since that actually happened, we

904
00:43:05,400 --> 00:43:07,200
Speaker 2: can see and evaluate the results.

905
00:43:07,320 --> 00:43:08,399
Speaker 3: How did things work out?

906
00:43:08,719 --> 00:43:11,760
Speaker 2: Let's see, the FDA killed Jewel, which was an American

907
00:43:12,000 --> 00:43:16,520
Speaker 2: homegrown innovative company. Instead, what's happened has been a massive

908
00:43:16,640 --> 00:43:20,640
Speaker 2: rise in disposable flavored vapes from China. The way that

909
00:43:20,719 --> 00:43:23,880
Speaker 2: these flavored vapes are able to circumvent US law is

910
00:43:23,920 --> 00:43:26,800
Speaker 2: by illegally shipping to the US, constantly changing ownership and

911
00:43:26,840 --> 00:43:30,319
Speaker 2: regulatory structure, and being disposable as supposed to permanent. At

912
00:43:30,360 --> 00:43:33,719
Speaker 2: the same time, they maintained the flavored vape market to

913
00:43:33,840 --> 00:43:37,239
Speaker 2: the tune of hundreds of billions of dollars in the

914
00:43:37,280 --> 00:43:41,320
Speaker 2: many years since. So the government killed Jewel pods flavored,

915
00:43:41,560 --> 00:43:44,640
Speaker 2: only to then turn around and hand the market share

916
00:43:44,760 --> 00:43:47,319
Speaker 2: to China. So, if that's not bad enough, a new

917
00:43:47,360 --> 00:43:50,600
Speaker 2: analysis from the National Bureau of Economic Research finds that

918
00:43:50,760 --> 00:43:53,880
Speaker 2: not only did the flavor ban kill Jewel, that in

919
00:43:53,960 --> 00:43:57,760
Speaker 2: selected markets where flavored vapes were no longer available, youths

920
00:43:57,800 --> 00:44:04,520
Speaker 2: from age eighteen to twentyquote began switching to combustible cigarette smoking. Furthermore,

921
00:44:04,640 --> 00:44:09,280
Speaker 2: they found zero evidence that flavor restrictions have any effect

922
00:44:09,320 --> 00:44:12,279
Speaker 2: whatsoever on the tobacco or nicotine usage of.

923
00:44:12,239 --> 00:44:13,960
Speaker 3: Adults who were older than twenty one.

924
00:44:14,080 --> 00:44:18,080
Speaker 2: So basically, the killed Jewel to combat youth nicotine use.

925
00:44:18,320 --> 00:44:22,040
Speaker 2: The youths then switched to straight up cigarettes. Those twenty

926
00:44:22,040 --> 00:44:25,040
Speaker 2: one and up just bought Chinese vapes with god knows

927
00:44:25,040 --> 00:44:27,400
Speaker 2: what in them instead. And if that's not enough of

928
00:44:27,440 --> 00:44:30,480
Speaker 2: an insult, it is now the admission of the failure

929
00:44:30,600 --> 00:44:33,480
Speaker 2: by the FDA, which is not getting nearly enough attention.

930
00:44:34,120 --> 00:44:37,960
Speaker 2: Just a few days ago, the FDA has now reversed itself,

931
00:44:38,160 --> 00:44:43,120
Speaker 2: placing Jewel Labs products quote unquote under scientific review, removing

932
00:44:43,160 --> 00:44:47,680
Speaker 2: the ban on its products, and furthermore humiliating themselves even more,

933
00:44:48,080 --> 00:44:51,040
Speaker 2: they had to announce a new task force to go

934
00:44:51,120 --> 00:44:54,920
Speaker 2: after illegal flavored vapes that are flooding in from China.

935
00:44:55,200 --> 00:44:58,719
Speaker 2: So to recap everything has happened so far, FDA went

936
00:44:58,760 --> 00:45:02,319
Speaker 2: after Jewel, they said, targeting kids with flavored pods. Those

937
00:45:02,400 --> 00:45:06,960
Speaker 2: kids then switched from actual flavored pods to cigarettes or

938
00:45:07,080 --> 00:45:09,640
Speaker 2: the exact same product sold by Chinese companies with very

939
00:45:09,640 --> 00:45:12,799
Speaker 2: little quality control or oversight by the government. Years later,

940
00:45:12,920 --> 00:45:16,120
Speaker 2: the FDA says they're now unbanning jool and are setting

941
00:45:16,200 --> 00:45:18,720
Speaker 2: up a major task force to target the very vape

942
00:45:18,760 --> 00:45:22,040
Speaker 2: companies that they created a massive market for in the

943
00:45:22,040 --> 00:45:25,759
Speaker 2: first place. And now they have an actual youth smoking

944
00:45:25,960 --> 00:45:29,520
Speaker 2: problem on their hands because cigarettes are cool again. Yeah,

945
00:45:29,640 --> 00:45:33,359
Speaker 2: that's what happened all of this for nicotine, a product that,

946
00:45:33,400 --> 00:45:37,759
Speaker 2: once you divorce from actual carcinogenic cigarettes, is arguably one

947
00:45:37,760 --> 00:45:40,479
Speaker 2: of the greatest nootropics known to man, not to mention

948
00:45:40,719 --> 00:45:44,080
Speaker 2: neuroprotective against Alzheimer's and a central part now of the

949
00:45:44,160 --> 00:45:47,680
Speaker 2: human life for centuries, which you don't even need any

950
00:45:47,680 --> 00:45:50,319
Speaker 2: of the downside risk. Now, let's be clear, that's not

951
00:45:50,360 --> 00:45:52,400
Speaker 2: health advice. You have to be twenty one. I'm not

952
00:45:52,480 --> 00:45:54,920
Speaker 2: a doctor. It's also one of the most addictive substances

953
00:45:54,960 --> 00:45:57,640
Speaker 2: known to man, so buyer and user beware. But at

954
00:45:57,680 --> 00:46:00,319
Speaker 2: the very least, wherever you fallo on nicotine, you have

955
00:46:00,400 --> 00:46:01,839
Speaker 2: to at least admit this.

956
00:46:02,200 --> 00:46:04,640
Speaker 3: What the government did to Jewel is criminal.

957
00:46:04,960 --> 00:46:09,000
Speaker 2: They killed the only American innovator in the space. They

958
00:46:09,040 --> 00:46:13,480
Speaker 2: gave the market to China, They created more actual teen smokers.

959
00:46:13,680 --> 00:46:16,520
Speaker 2: They are now creating a task force to address the

960
00:46:16,600 --> 00:46:18,200
Speaker 2: problem they created.

961
00:46:18,440 --> 00:46:19,839
Speaker 3: You don't hate these idiots enough