1
00:00:00,320 --> 00:00:03,400
Speaker 1: Cable news is ripping us apart, dividing the nation, making

2
00:00:03,480 --> 00:00:05,920
Speaker 1: it impossible to function as a society and to know

3
00:00:05,960 --> 00:00:08,720
Speaker 1: what is true and what is false. The good news

4
00:00:08,800 --> 00:00:10,840
Speaker 1: is that they're failing and they know it. That is

5
00:00:10,840 --> 00:00:14,840
Speaker 1: why we're building something new. Be part of creating a new, better, healthier,

6
00:00:14,880 --> 00:00:17,960
Speaker 1: and more trustworthy mainstream by becoming a Breaking Points Premium

7
00:00:17,960 --> 00:00:21,520
Speaker 1: member today at breakingpoints dot com. Your hard earned money

8
00:00:21,560 --> 00:00:23,400
Speaker 1: is going to help us build for the midterms and

9
00:00:23,440 --> 00:00:27,400
Speaker 1: the upcoming presidential election so we can provide unparalleled coverage

10
00:00:27,400 --> 00:00:28,640
Speaker 1: of what is sure to be one of the most

11
00:00:28,640 --> 00:00:32,320
Speaker 1: pivotal moments in American history. So what are you waiting for?

12
00:00:32,520 --> 00:00:54,360
Speaker 1: Go to Breakingpoints dot com to help us out. Good morning, everybody,

13
00:00:54,440 --> 00:00:56,880
Speaker 1: Happy Thursday. We have an amazing show for everybody today

14
00:00:56,880 --> 00:00:58,760
Speaker 1: where we have pursult. Indeed, we do a great show

15
00:00:58,760 --> 00:01:01,080
Speaker 1: for you this morning. Lots oft to get to. We're

16
00:01:01,080 --> 00:01:03,840
Speaker 1: going to give you an update on Obama's big return

17
00:01:03,920 --> 00:01:07,200
Speaker 1: to the White House, like Joe may be kind of

18
00:01:07,240 --> 00:01:09,959
Speaker 1: regretting that he sent us that invite to start with.

19
00:01:10,840 --> 00:01:14,480
Speaker 1: Also some pretty remarkable comments from President Biden with regards

20
00:01:14,480 --> 00:01:17,880
Speaker 1: to Amazon and unionization that his press secretary then like

21
00:01:17,920 --> 00:01:21,039
Speaker 1: immediately walked back. We'll give you all of those details. Also,

22
00:01:21,080 --> 00:01:23,920
Speaker 1: some new questions about the stewardship of funds over at

23
00:01:23,959 --> 00:01:28,240
Speaker 1: the Black Lives Matter Global Foundation. Great recording there, digging

24
00:01:28,280 --> 00:01:30,399
Speaker 1: into how all of that money has been spent or

25
00:01:30,440 --> 00:01:34,320
Speaker 1: not spent. Also some numbers for you on the big

26
00:01:34,560 --> 00:01:37,200
Speaker 1: CNN Plus launch. You guys are definitely gonna want to

27
00:01:37,200 --> 00:01:41,000
Speaker 1: stick around for that story. Sager is looking at Stacy Abrams.

28
00:01:41,040 --> 00:01:43,920
Speaker 1: I'm looking at key recession warnings. We've got Matt Tayebi

29
00:01:43,959 --> 00:01:46,520
Speaker 1: here to break down the latest with Russia and Ukraine,

30
00:01:46,720 --> 00:01:48,440
Speaker 1: and that, in fact, Sager, is where we want to start.

31
00:01:48,520 --> 00:01:50,760
Speaker 1: That's right as usual. We got to start with what's

32
00:01:50,800 --> 00:01:53,120
Speaker 1: going on with the war. Friends over at Simtak with

33
00:01:53,160 --> 00:01:55,200
Speaker 1: their mapping always doing a great job. Let's put that

34
00:01:55,280 --> 00:01:58,680
Speaker 1: up there on the screen. So as SIMTAC notes, combat

35
00:01:58,720 --> 00:02:01,680
Speaker 1: over the remaining Ukraine can area of the dnbas is

36
00:02:01,800 --> 00:02:06,360
Speaker 1: intensifying as Russia is trying to extend its breakthrough at Isu. Meanwhile,

37
00:02:06,440 --> 00:02:09,400
Speaker 1: Ukraine has more or less regained control over the north

38
00:02:09,440 --> 00:02:11,920
Speaker 1: and it continues to advance on the city of Kerson.

39
00:02:12,080 --> 00:02:14,840
Speaker 1: So some of the predictions have largely come true in

40
00:02:14,919 --> 00:02:18,400
Speaker 1: terms of the withdrawals where the Russians are actually going towards,

41
00:02:18,440 --> 00:02:21,440
Speaker 1: and everything seems to be concentrated within Dnbas and the

42
00:02:21,520 --> 00:02:24,400
Speaker 1: Dnetsk region. So the reason that that matters is that

43
00:02:24,440 --> 00:02:28,040
Speaker 1: control over this particular area. Obviously, this is where the

44
00:02:28,160 --> 00:02:31,959
Speaker 1: kind of diplomatic whole snafu started in the first place,

45
00:02:32,240 --> 00:02:35,119
Speaker 1: in terms of the Dunetz People's Republic and the Lahnsk republics,

46
00:02:35,160 --> 00:02:38,000
Speaker 1: the breakaways and where the civil war has been concentrated,

47
00:02:38,240 --> 00:02:40,840
Speaker 1: and now the fears fighting in that region is probably

48
00:02:40,880 --> 00:02:44,440
Speaker 1: going to define the future borders of Ukraine and Russia

49
00:02:44,480 --> 00:02:48,160
Speaker 1: and also possibly could be either the thing that will

50
00:02:48,200 --> 00:02:52,320
Speaker 1: stop peace or what will actually begin the peace process

51
00:02:52,360 --> 00:02:55,799
Speaker 1: as to how exactly Ukraine begins and Russia ends. That's

52
00:02:55,840 --> 00:02:58,960
Speaker 1: why there is a mad scramble happening right now. On

53
00:02:59,040 --> 00:03:00,919
Speaker 1: the same time, we don't want to get anybody's hopes

54
00:03:00,960 --> 00:03:03,640
Speaker 1: up crystal. It could be that this fighting could go

55
00:03:03,720 --> 00:03:06,160
Speaker 1: on for years. I mean, it's gone on for what

56
00:03:06,480 --> 00:03:09,680
Speaker 1: eight years right now. It's important to remember that there

57
00:03:09,720 --> 00:03:12,120
Speaker 1: has been a war going on in this particular region

58
00:03:12,360 --> 00:03:16,600
Speaker 1: for eight years now. So the idea that hostilities could

59
00:03:16,600 --> 00:03:21,120
Speaker 1: continue there essentially indefinitely is very much a possibility. Yeah,

60
00:03:21,160 --> 00:03:23,480
Speaker 1: so when we consider it then within the context of

61
00:03:23,520 --> 00:03:28,320
Speaker 1: the broader conflict, it's both something that could show us

62
00:03:28,360 --> 00:03:31,080
Speaker 1: a possible end and then also a future in terms

63
00:03:31,120 --> 00:03:33,720
Speaker 1: of how everything could be concentrated there, especially if both

64
00:03:33,760 --> 00:03:35,720
Speaker 1: sides are not willing to give up any sort of

65
00:03:35,800 --> 00:03:39,880
Speaker 1: territory accumb to neutrality agreement in terms of peace deal.

66
00:03:40,240 --> 00:03:44,240
Speaker 1: No update for you. Unfortunately, however, here on the US side,

67
00:03:44,320 --> 00:03:46,240
Speaker 1: things continue to scale up a little bit. Let's put

68
00:03:46,240 --> 00:03:49,560
Speaker 1: this up there on the screen. In response to the

69
00:03:49,800 --> 00:03:53,360
Speaker 1: atrocities in BUCA, the US and its allies set to

70
00:03:53,360 --> 00:03:57,720
Speaker 1: impoorse more Russian sanctions on Russia or sorry, sanctions on Russia,

71
00:03:57,800 --> 00:04:01,160
Speaker 1: following outrage over the possible wars and what they point

72
00:04:01,160 --> 00:04:04,320
Speaker 1: to in these sanctions. And I've been wondering the same thing.

73
00:04:04,360 --> 00:04:06,880
Speaker 1: I'm like, what exactly is left? So some of the

74
00:04:06,880 --> 00:04:09,920
Speaker 1: people that were targeted in this one are the children

75
00:04:10,080 --> 00:04:14,680
Speaker 1: of actual Russian leaders, including Putin's daughter and Saragate Lavrov's daughter.

76
00:04:15,040 --> 00:04:18,719
Speaker 1: Many of the additional measures are coordinated across the European

77
00:04:18,800 --> 00:04:22,200
Speaker 1: Union and the United States, with the EU ones apparently

78
00:04:22,240 --> 00:04:25,039
Speaker 1: being the ones that are most effective, just because that

79
00:04:25,240 --> 00:04:28,960
Speaker 1: is where more Russian assets and children and others actually reside.

80
00:04:29,040 --> 00:04:31,640
Speaker 1: So it's an additional round of sanctions that are being

81
00:04:31,680 --> 00:04:35,000
Speaker 1: put on by the United States, and in terms of

82
00:04:35,040 --> 00:04:38,000
Speaker 1: what that means for the overall peace process, like we said,

83
00:04:38,080 --> 00:04:42,200
Speaker 1: there remains no update. Part of the problem though, is that,

84
00:04:42,360 --> 00:04:45,200
Speaker 1: as we warned from the beginning, the longer that this

85
00:04:45,320 --> 00:04:49,760
Speaker 1: goes on and there is retrenchment, unfortunately, you are going

86
00:04:49,800 --> 00:04:52,400
Speaker 1: to see the brutality increase. This is something that we

87
00:04:52,480 --> 00:04:54,880
Speaker 1: saw in the Syrian Civil War, which is, you know,

88
00:04:54,920 --> 00:04:58,040
Speaker 1: there was a semi conventional conflict in the beginning. Within

89
00:04:58,080 --> 00:05:00,680
Speaker 1: six months it turned into a massive insurgency and then

90
00:05:00,720 --> 00:05:03,039
Speaker 1: within a year you just saw like widespread wark. I mean,

91
00:05:03,040 --> 00:05:05,240
Speaker 1: I remember the guy eating somebody's heart, Like that's how

92
00:05:05,279 --> 00:05:07,960
Speaker 1: bad things got. And you know, we're beginning to see

93
00:05:08,000 --> 00:05:10,760
Speaker 1: that slow slide on the ground. Let's put this up

94
00:05:10,800 --> 00:05:14,120
Speaker 1: there on the screen. This is no way to try

95
00:05:14,120 --> 00:05:17,080
Speaker 1: and diminish either side here, We're just showing you that

96
00:05:17,440 --> 00:05:20,440
Speaker 1: war is hell. And the New York Times has gone

97
00:05:20,440 --> 00:05:25,200
Speaker 1: through and has verified a Ukrainian soldiers killing some captured

98
00:05:25,279 --> 00:05:28,919
Speaker 1: Russian soldiers outside of a village west of Kiev. This

99
00:05:29,120 --> 00:05:33,880
Speaker 1: was on March thirtieth, last week. They point out specifically

100
00:05:33,960 --> 00:05:36,359
Speaker 1: from the video footage, they say, he's still alive. Film

101
00:05:36,400 --> 00:05:39,839
Speaker 1: these marauders, look, he's alive. He's gasping as the Russian

102
00:05:39,880 --> 00:05:43,240
Speaker 1: soldier has a jacket pulled over his head and he's

103
00:05:43,279 --> 00:05:46,880
Speaker 1: shot twice at the same time. Also on the Russian side,

104
00:05:46,920 --> 00:05:49,039
Speaker 1: Let's put this up there on the screen from the

105
00:05:49,040 --> 00:05:51,640
Speaker 1: Wall Street Journal, which is that you can see the

106
00:05:51,760 --> 00:05:55,600
Speaker 1: execution of a village mayor is now becoming a symbol

107
00:05:55,880 --> 00:05:59,000
Speaker 1: of Russian brutality in Ukraine, not to mention what happened

108
00:05:59,000 --> 00:06:02,240
Speaker 1: are on the ground in Buka. So you have these

109
00:06:02,279 --> 00:06:05,000
Speaker 1: atrocities which are happening on the ground, and it's just

110
00:06:05,040 --> 00:06:08,600
Speaker 1: the hallmark crystal of a prolonged conflict. The longer this

111
00:06:08,600 --> 00:06:12,279
Speaker 1: thing goes on, there's going to be more atrocities, you know,

112
00:06:12,360 --> 00:06:14,960
Speaker 1: within the fog and the hell of war, and more

113
00:06:15,000 --> 00:06:17,520
Speaker 1: and more people are going to die. And the overwhelming,

114
00:06:18,200 --> 00:06:21,839
Speaker 1: the overwhelming drive of US foreign policy should let's bring

115
00:06:21,920 --> 00:06:24,840
Speaker 1: this thing to a close as soon as possible, Yeah,

116
00:06:24,839 --> 00:06:27,640
Speaker 1: so that less people have to die. That's exactly right.

117
00:06:27,720 --> 00:06:31,440
Speaker 1: And with regards to this mayor who was slaughtered, it

118
00:06:31,480 --> 00:06:33,320
Speaker 1: was her, it was her husband, and it was her

119
00:06:33,400 --> 00:06:37,400
Speaker 1: kid all found, you know, in a shallow grave. It's

120
00:06:37,440 --> 00:06:40,880
Speaker 1: a brutal situation. And as the Russians withdraw and reorient,

121
00:06:41,080 --> 00:06:43,680
Speaker 1: that has allowed reporters to go in to document more

122
00:06:43,720 --> 00:06:46,960
Speaker 1: of the atrocities that have been occurring. Obviously New York

123
00:06:46,960 --> 00:06:51,279
Speaker 1: Times here reporting also on some alleged Ukrainian war crimes,

124
00:06:51,279 --> 00:06:55,400
Speaker 1: and we'd already seen some indications that there was criminal

125
00:06:55,480 --> 00:06:58,880
Speaker 1: treatment of Russian soldiers who'd been sort of like paraded

126
00:06:58,920 --> 00:07:02,880
Speaker 1: in front of cameras and used in Ukrainian propagandas so listen,

127
00:07:02,920 --> 00:07:04,920
Speaker 1: we're trying to be even handed about these things. Very

128
00:07:04,920 --> 00:07:08,479
Speaker 1: hard to sort through information accurately in the fog of war.

129
00:07:08,560 --> 00:07:10,720
Speaker 1: So that's why we're bringing you everything that we possibly

130
00:07:10,720 --> 00:07:13,920
Speaker 1: can with regard to the new sanctions. You know, in

131
00:07:13,960 --> 00:07:17,120
Speaker 1: comparison to what we've already done, this is basically nothing right.

132
00:07:17,560 --> 00:07:21,800
Speaker 1: And the really foolish thing here is that even though

133
00:07:21,960 --> 00:07:26,960
Speaker 1: there are clear signs that not only is our policy

134
00:07:27,200 --> 00:07:32,200
Speaker 1: of really indiscriminate and quite extraordinary sanctions not working, it's

135
00:07:32,240 --> 00:07:36,200
Speaker 1: actually backfiring. As we've been telling you about here, it

136
00:07:36,280 --> 00:07:39,400
Speaker 1: is actually you know, endearing Putin to the Russian people.

137
00:07:39,400 --> 00:07:42,840
Speaker 1: It's giving him a convenient scapegoat. It's forcing out anyone

138
00:07:42,880 --> 00:07:46,440
Speaker 1: who might have been an effective opposition and so. And

139
00:07:46,480 --> 00:07:49,720
Speaker 1: it also has not had quite the devastating impact on

140
00:07:49,760 --> 00:07:51,880
Speaker 1: the economy, although that's another thing that's kind of hard

141
00:07:51,920 --> 00:07:57,000
Speaker 1: to judge that Westerners hoped it ultimately would. It doesn't

142
00:07:57,000 --> 00:07:59,400
Speaker 1: take a rocket scientist to look at our history of

143
00:07:59,480 --> 00:08:02,520
Speaker 1: levying sanctions around the world and say that while they

144
00:08:02,600 --> 00:08:05,000
Speaker 1: might feel good to the American people of like we're

145
00:08:05,040 --> 00:08:08,120
Speaker 1: doing something and they're paying a price, number one, the

146
00:08:08,160 --> 00:08:11,200
Speaker 1: morality of them is highly suspect, given that you were

147
00:08:11,240 --> 00:08:13,880
Speaker 1: targeting people that have nothing to do with these atrocities

148
00:08:13,880 --> 00:08:17,680
Speaker 1: that were witnessing right now. And number two, they just

149
00:08:18,000 --> 00:08:21,320
Speaker 1: haven't worked. And I think it says everything that instead

150
00:08:21,360 --> 00:08:25,160
Speaker 1: of reassessing, instead of actually pushing for some kind of peace,

151
00:08:25,320 --> 00:08:27,840
Speaker 1: some kind of negotiated settlement. All right, let's figure out

152
00:08:27,840 --> 00:08:30,560
Speaker 1: what we're going to do with eastern Ukraine. Maybe you know,

153
00:08:30,760 --> 00:08:33,559
Speaker 1: we don't officially like recognize it as part of Russia,

154
00:08:33,600 --> 00:08:35,560
Speaker 1: but maybe we kind of keep some sort of a

155
00:08:35,600 --> 00:08:39,640
Speaker 1: peace in place. Exactly. Yes, I mean, there is a

156
00:08:39,880 --> 00:08:43,480
Speaker 1: deal that could be possible if the US was actually

157
00:08:43,480 --> 00:08:46,960
Speaker 1: committed to pushing for a negotiated settlement and pushing for

158
00:08:47,040 --> 00:08:51,080
Speaker 1: peace and trying to strengthen Zelenski's hand in that regard.

159
00:08:51,200 --> 00:08:54,280
Speaker 1: But you know, I think again, what Biden revealed about

160
00:08:54,360 --> 00:08:56,560
Speaker 1: the real end game that they're looking for is putin

161
00:08:56,600 --> 00:08:59,199
Speaker 1: out of power, just tells you that the US government

162
00:08:59,280 --> 00:09:02,640
Speaker 1: is not really committed to fighting for what will be

163
00:09:02,679 --> 00:09:06,280
Speaker 1: a very difficult negotiated settlement. And in the meantime, Ukrainian

164
00:09:06,320 --> 00:09:08,520
Speaker 1: civilians are going to be slaughtered. So it really is

165
00:09:08,520 --> 00:09:11,800
Speaker 1: a depressing and horrific situation with little signs of how

166
00:09:11,800 --> 00:09:13,640
Speaker 1: this is going to come to a close at this point. Yeah,

167
00:09:13,679 --> 00:09:17,000
Speaker 1: if the look in terms of the US policy, if

168
00:09:17,000 --> 00:09:21,120
Speaker 1: our de facto only acceptable outcome is regime change, then

169
00:09:21,120 --> 00:09:25,280
Speaker 1: we're actually virtually guaranteeing a stalemate on the ground for decades,

170
00:09:25,600 --> 00:09:29,320
Speaker 1: possibly you know, ten fifteen years in terms of what's happening.

171
00:09:29,360 --> 00:09:31,240
Speaker 1: And I think that for the people there, for the

172
00:09:31,240 --> 00:09:33,800
Speaker 1: people of Ukraine, that's a bad situation. So to the

173
00:09:33,840 --> 00:09:37,960
Speaker 1: extent because we have already forsworn no military power, which

174
00:09:37,960 --> 00:09:40,640
Speaker 1: I think is the correct thing to do, then it

175
00:09:40,720 --> 00:09:42,920
Speaker 1: is our should be our goal in order to bring

176
00:09:43,080 --> 00:09:45,680
Speaker 1: a rapid peace. But if the de facto policy and

177
00:09:45,679 --> 00:09:48,400
Speaker 1: declaration of regime change is going to remain. That's just

178
00:09:48,440 --> 00:09:51,160
Speaker 1: going to make that completely impossible, and we will see

179
00:09:51,160 --> 00:09:53,640
Speaker 1: the retrenchment, just like we did with the Kim regime,

180
00:09:53,920 --> 00:09:58,079
Speaker 1: the Hussein regime, the venezuel what, the Maduro whoever is

181
00:09:58,120 --> 00:10:01,240
Speaker 1: in charge now, the Maduro charg regime, who else is

182
00:10:01,240 --> 00:10:05,320
Speaker 1: on our sanctions list? The Ayatola? Are you starting to

183
00:10:05,320 --> 00:10:08,199
Speaker 1: get the picture in terms of how this generally works

184
00:10:08,440 --> 00:10:10,960
Speaker 1: in terms of US foreign policy. So that's where it

185
00:10:11,000 --> 00:10:13,600
Speaker 1: is not a lot to update you. Unfortunately, in terms

186
00:10:13,640 --> 00:10:16,320
Speaker 1: of the stalemate, it seems to be concentrating now within

187
00:10:16,360 --> 00:10:18,959
Speaker 1: the East and actually that's the time when wars get

188
00:10:18,960 --> 00:10:21,520
Speaker 1: the most bloody. Yeah, and you see now civilians, reports

189
00:10:21,520 --> 00:10:25,480
Speaker 1: of civilians fleeing the East En Mass as they expect

190
00:10:25,520 --> 00:10:28,720
Speaker 1: fighting to ramp up in these brutalities to increase. That's awful.

191
00:10:28,760 --> 00:10:30,360
Speaker 1: I mean, you know, you have somewhat ten percent of

192
00:10:30,360 --> 00:10:32,640
Speaker 1: the country now which is already fled. That's crazy. I mean,

193
00:10:32,760 --> 00:10:35,800
Speaker 1: especially because those people are probably the most educated and

194
00:10:35,840 --> 00:10:37,959
Speaker 1: the most economically well off. And you saw the same

195
00:10:38,000 --> 00:10:40,200
Speaker 1: thing happen in Syria. The entire middle class to Syria

196
00:10:40,240 --> 00:10:42,160
Speaker 1: is gone all Yah Turkey, Now, I mean you look,

197
00:10:42,320 --> 00:10:44,320
Speaker 1: you look at these pictures coming out if you mean

198
00:10:44,360 --> 00:10:46,440
Speaker 1: the country, yeah, already come back from it? Are rubble.

199
00:10:46,480 --> 00:10:49,840
Speaker 1: I mean, it's just totally destroyed. So sad situation. It's awful,

200
00:10:50,080 --> 00:10:53,960
Speaker 1: and unfortunately you won't hear many the sensible kind of

201
00:10:54,000 --> 00:10:55,760
Speaker 1: straight talk that we're trying to give you here on

202
00:10:55,800 --> 00:10:57,880
Speaker 1: the show from a lot of the mainstream media, and

203
00:10:57,920 --> 00:11:00,360
Speaker 1: I think the White House Press Corps continue is to

204
00:11:00,440 --> 00:11:05,240
Speaker 1: beclown itself. There was an especially good example yesterday whenever

205
00:11:05,440 --> 00:11:11,440
Speaker 1: a reporter pressed Jensaki, like, why how can you continue

206
00:11:11,600 --> 00:11:14,199
Speaker 1: to rule out World War three? Let's take a listen,

207
00:11:15,200 --> 00:11:16,800
Speaker 1: just to put a finder point on some of the

208
00:11:16,840 --> 00:11:20,120
Speaker 1: questions you're so apart, and asked, why shouldn't the images

209
00:11:20,160 --> 00:11:25,920
Speaker 1: of the atrocities from Busha compel a worldwide, unified coalition

210
00:11:26,120 --> 00:11:30,480
Speaker 1: kinetic response You mean alary war? Tell me more about

211
00:11:30,480 --> 00:11:33,200
Speaker 1: what you mean, or a military response led by the

212
00:11:33,280 --> 00:11:36,319
Speaker 1: United States and the international partners, as in bringing military

213
00:11:36,360 --> 00:11:39,199
Speaker 1: troops on the ground from the United States and NATO. Well,

214
00:11:39,679 --> 00:11:43,720
Speaker 1: presidents described outrageous things you'd called the atrocities. You've said,

215
00:11:43,960 --> 00:11:48,200
Speaker 1: perhaps we should brace ourselves for worse. Why not? I

216
00:11:48,240 --> 00:11:52,600
Speaker 1: think what the President's objective is and his responsibility is

217
00:11:52,640 --> 00:11:54,560
Speaker 1: to make decisions that are in the interests of the

218
00:11:54,640 --> 00:11:57,480
Speaker 1: United States and the national security of the United States

219
00:11:57,960 --> 00:12:00,120
Speaker 1: and the American people. And that is not to at

220
00:12:00,040 --> 00:12:02,080
Speaker 1: a war with Russia. It is to do everything in

221
00:12:02,120 --> 00:12:06,400
Speaker 1: our power to hold them accountable, to support efforts through

222
00:12:06,480 --> 00:12:10,959
Speaker 1: international systems to do exactly that, and to provide military assistant,

223
00:12:11,000 --> 00:12:14,160
Speaker 1: security assistance, and support to the Ukrainian people and the

224
00:12:14,240 --> 00:12:17,640
Speaker 1: Ukrainian government. That's exactly what we're doing. But it is

225
00:12:17,640 --> 00:12:19,680
Speaker 1: not in our interests or in the interests of the

226
00:12:19,679 --> 00:12:21,840
Speaker 1: American people for us to be in a war with Russia.

227
00:12:22,000 --> 00:12:25,400
Speaker 1: Go ahead. How have they pushed me into agreeing with Jensaki?

228
00:12:25,520 --> 00:12:30,800
Speaker 1: I was like, she handled that pretty well when Jensaki

229
00:12:30,960 --> 00:12:33,800
Speaker 1: is the reasonable one in the room. The world has

230
00:12:33,840 --> 00:12:37,360
Speaker 1: gone mad and you can see look look at the

231
00:12:37,360 --> 00:12:40,679
Speaker 1: words that we're used there. Why does the United States

232
00:12:40,880 --> 00:12:45,240
Speaker 1: and the international community use a coalition in order to

233
00:12:45,320 --> 00:12:49,120
Speaker 1: go in and stop kinetic? You also used the word kinetic.

234
00:12:49,280 --> 00:12:52,320
Speaker 1: I'm like, oh my god, Like he's literally calling for

235
00:12:52,400 --> 00:12:58,080
Speaker 1: a US led military response allah, a coalition perhaps of

236
00:12:58,120 --> 00:13:02,199
Speaker 1: the willing to go in and to stop this. It's madness.

237
00:13:02,559 --> 00:13:06,160
Speaker 1: The whitewashed language is very dystopian, like the way that

238
00:13:06,160 --> 00:13:08,640
Speaker 1: they now say it say you want to war, the

239
00:13:08,679 --> 00:13:11,600
Speaker 1: way they now refer to like missiles and guns as

240
00:13:11,840 --> 00:13:16,760
Speaker 1: lethal aid, same thing. And that's why I appreciated her response,

241
00:13:16,840 --> 00:13:19,760
Speaker 1: because she forced him to say, like, why don't you

242
00:13:19,800 --> 00:13:23,640
Speaker 1: be super specific about what you're actually asking for here?

243
00:13:24,040 --> 00:13:27,160
Speaker 1: But I think it says everything that what sort of

244
00:13:27,280 --> 00:13:32,120
Speaker 1: questions and what direction is acceptable in polite society and

245
00:13:32,160 --> 00:13:34,800
Speaker 1: what's not. And of course you know, and we've you know,

246
00:13:35,600 --> 00:13:39,439
Speaker 1: portrayed this for you many times before. The mainstream press

247
00:13:39,480 --> 00:13:44,000
Speaker 1: only ever pushes in one direction, they only ever reward

248
00:13:44,280 --> 00:13:48,439
Speaker 1: one direction. And so even though what the US has

249
00:13:48,520 --> 00:13:52,960
Speaker 1: done already is extraordinary, I mean, how are you feel

250
00:13:52,960 --> 00:13:56,320
Speaker 1: about it? They have gone way beyond what people were

251
00:13:56,480 --> 00:13:59,920
Speaker 1: expecting at the beginning. Remember at the beginning, the big,

252
00:14:00,000 --> 00:14:03,840
Speaker 1: big like marker for whether they're going wild with sanctions

253
00:14:03,960 --> 00:14:07,360
Speaker 1: or not with swift, And in a blink of the eye,

254
00:14:07,400 --> 00:14:11,560
Speaker 1: they run right past swift and way more stringent, way

255
00:14:11,600 --> 00:14:15,720
Speaker 1: more indiscriminate sanctions, and nobody takes stock of that. It's

256
00:14:15,760 --> 00:14:19,200
Speaker 1: only whatever you did, like the most hawkish thing you did,

257
00:14:19,600 --> 00:14:21,440
Speaker 1: we want you to go even further. We're going to

258
00:14:21,480 --> 00:14:25,200
Speaker 1: continue pushing you even further, even further, even further. That

259
00:14:25,320 --> 00:14:29,240
Speaker 1: is like the acceptable, supposedly liberal or progressive position in

260
00:14:29,240 --> 00:14:33,440
Speaker 1: polite society right now. And that's absolutely bananas. And you know,

261
00:14:33,560 --> 00:14:35,760
Speaker 1: it'd be one thing if this dude was like a

262
00:14:35,840 --> 00:14:40,360
Speaker 1: total outlier asking like playing Devil's Advocate, pushing the envelope,

263
00:14:40,400 --> 00:14:41,800
Speaker 1: and you've got a bunch of people on the other

264
00:14:41,840 --> 00:14:44,000
Speaker 1: side saying, all right, what do you do. Have you

265
00:14:44,160 --> 00:14:47,520
Speaker 1: enabled Zelenski to be able to pull back sanctions and

266
00:14:47,520 --> 00:14:49,360
Speaker 1: negotiate a deal? What are you doing to try to

267
00:14:49,400 --> 00:14:51,480
Speaker 1: create an off ramp? How are we pushing for peace?

268
00:14:51,800 --> 00:14:54,840
Speaker 1: But you don't hear those questions at all. All you

269
00:14:54,960 --> 00:14:58,760
Speaker 1: get is this direction and these sort of euphemisms for

270
00:14:58,840 --> 00:15:01,800
Speaker 1: basically starting World War three one hundred percent. And I

271
00:15:01,920 --> 00:15:04,640
Speaker 1: think that people should not underestimate how much of an

272
00:15:04,680 --> 00:15:07,480
Speaker 1: impact this is having. I mean, look, this is anecdotal,

273
00:15:07,600 --> 00:15:09,880
Speaker 1: but I live in live the Central and there are

274
00:15:09,880 --> 00:15:14,320
Speaker 1: more Ukrainian flags than there are American flags. And there

275
00:15:14,320 --> 00:15:17,240
Speaker 1: are now bumper stickers. I just saw one yesterday Ukrainian

276
00:15:17,280 --> 00:15:20,360
Speaker 1: flag and it says silence kills. I mean, what we're

277
00:15:20,400 --> 00:15:23,440
Speaker 1: getting from all of this is that that's being channeled

278
00:15:23,480 --> 00:15:25,960
Speaker 1: through the White House press corps. We're creating a situation

279
00:15:26,000 --> 00:15:30,000
Speaker 1: where a sizable but influential constituency will not have the

280
00:15:30,040 --> 00:15:33,240
Speaker 1: conditions of peace be acceptable to them from a domestic

281
00:15:33,280 --> 00:15:36,480
Speaker 1: political front, and they're pressuring a White House and putting

282
00:15:36,520 --> 00:15:38,840
Speaker 1: them in a situation where they always have to have

283
00:15:38,880 --> 00:15:40,840
Speaker 1: an answer ready for why they're not starting a war,

284
00:15:41,160 --> 00:15:43,240
Speaker 1: and instead if they had to have an answer ready

285
00:15:43,240 --> 00:15:45,560
Speaker 1: for what they were doing in the peace process, then

286
00:15:45,560 --> 00:15:49,280
Speaker 1: that might change actual national security policy. Here's the question.

287
00:15:49,360 --> 00:15:51,640
Speaker 1: I we just do we do a show here, obviously,

288
00:15:51,920 --> 00:15:54,960
Speaker 1: and I look for as detailed as a possible response

289
00:15:55,200 --> 00:15:57,600
Speaker 1: as to what is next in the peace process the

290
00:15:57,680 --> 00:16:00,320
Speaker 1: last three days? What are we found crystal see zero?

291
00:16:00,600 --> 00:16:03,200
Speaker 1: I mean maybe there would be one, Perhaps there would

292
00:16:03,200 --> 00:16:05,000
Speaker 1: be a clip we could show you if the press

293
00:16:05,000 --> 00:16:08,160
Speaker 1: court were to actually ask a question based upon that subject.

294
00:16:08,240 --> 00:16:11,760
Speaker 1: They're not asking that. We can't even give you an update.

295
00:16:11,800 --> 00:16:13,720
Speaker 1: We don't know what the red lines of the United

296
00:16:13,720 --> 00:16:15,960
Speaker 1: States are. All of this should have to be articulated

297
00:16:16,000 --> 00:16:19,320
Speaker 1: and pressed at the daily press White House briefings. Instead,

298
00:16:19,560 --> 00:16:22,840
Speaker 1: we get why are you literally not starting World War three?

299
00:16:22,880 --> 00:16:24,720
Speaker 1: And I think we should spend some time on this again,

300
00:16:24,760 --> 00:16:29,680
Speaker 1: because some people are justifiably extraordinarily upset about the situation

301
00:16:30,080 --> 00:16:32,400
Speaker 1: and looking at what's happening with Ukraine, and they want

302
00:16:32,400 --> 00:16:34,560
Speaker 1: to know what we can do. And there is a

303
00:16:34,600 --> 00:16:38,000
Speaker 1: caricature being made of I think people who push restraint

304
00:16:38,120 --> 00:16:40,440
Speaker 1: like us saying, oh, any action is going to cause

305
00:16:40,560 --> 00:16:43,160
Speaker 1: World War three in a nuclear exchange. That's not true.

306
00:16:43,400 --> 00:16:46,520
Speaker 1: But let's explain very clearly how quickly these things can

307
00:16:46,560 --> 00:16:49,200
Speaker 1: get out of control, which is that Let's say there's

308
00:16:49,240 --> 00:16:52,760
Speaker 1: a military response. Allah what we did against Asad. That's

309
00:16:52,760 --> 00:16:56,280
Speaker 1: actually a good example. We use Tamahawk cruise missiles fired

310
00:16:56,320 --> 00:17:00,800
Speaker 1: from a neutral ship in order to strike whichever Russian

311
00:17:00,920 --> 00:17:04,199
Speaker 1: unit pulled off this war crime. Okay, so now we

312
00:17:04,280 --> 00:17:06,679
Speaker 1: have a situation. We just sent to cruise missile and

313
00:17:06,760 --> 00:17:09,199
Speaker 1: killed a bunch of Russians. Well, there's a couple of

314
00:17:09,200 --> 00:17:11,600
Speaker 1: things that could happen. Number One, they could use some

315
00:17:11,680 --> 00:17:15,000
Speaker 1: of their anti missell defense systems against that ship. Now

316
00:17:15,000 --> 00:17:17,760
Speaker 1: you're in a war. Number Two, they could use it

317
00:17:17,760 --> 00:17:21,320
Speaker 1: as a retaliatory strike against a NATO base which carried

318
00:17:21,359 --> 00:17:24,240
Speaker 1: out that unit. Now you're also in a war. Or

319
00:17:24,520 --> 00:17:27,600
Speaker 1: we could have a situation where they then strike a

320
00:17:27,760 --> 00:17:31,600
Speaker 1: commiserate NATO unit which is in Poland or somewhere else,

321
00:17:31,680 --> 00:17:34,840
Speaker 1: which is not American but is NATO, which tripwires Article

322
00:17:34,880 --> 00:17:37,080
Speaker 1: five of the NATO Treaty. And now you're in a war.

323
00:17:37,359 --> 00:17:39,800
Speaker 1: So in all three of the situations I just laid out,

324
00:17:40,040 --> 00:17:42,879
Speaker 1: you're in a massive war with Russia, and it just

325
00:17:42,960 --> 00:17:47,560
Speaker 1: happens so quickly that people really cannot understand. In any

326
00:17:47,680 --> 00:17:51,000
Speaker 1: of these situations I just laid out, the road to

327
00:17:51,119 --> 00:17:54,879
Speaker 1: nuclear exchange is maybe seven days out, simply because of

328
00:17:54,920 --> 00:17:58,040
Speaker 1: the way that hundreds of thousands can be killed even

329
00:17:58,080 --> 00:18:01,240
Speaker 1: in a conventional conflict that you're against Russia. The last

330
00:18:01,280 --> 00:18:04,440
Speaker 1: conventional conflict that was fought with Russia, twenty three million

331
00:18:04,520 --> 00:18:07,359
Speaker 1: Russians died and I don't even know how many Germans died, Yeah,

332
00:18:07,400 --> 00:18:10,439
Speaker 1: in terms of the Eastern Front. So this is not

333
00:18:10,520 --> 00:18:13,080
Speaker 1: a joke. And I think that that is the forgetting

334
00:18:13,600 --> 00:18:16,760
Speaker 1: all of that, and the lack of asking, well, what

335
00:18:17,040 --> 00:18:21,120
Speaker 1: exactly is a commiserate response going to look like? What

336
00:18:21,200 --> 00:18:24,520
Speaker 1: does a war, an actual war look like in the

337
00:18:24,640 --> 00:18:28,359
Speaker 1: twenty twenty two It's not a pretty answer to that question.

338
00:18:28,400 --> 00:18:31,040
Speaker 1: And you if you think that they're bluffing, would find

339
00:18:31,080 --> 00:18:33,840
Speaker 1: yourself amongst a long line of folks who thought the

340
00:18:33,840 --> 00:18:36,119
Speaker 1: same thing in nineteen fourteen, who thought the same thing

341
00:18:36,119 --> 00:18:38,520
Speaker 1: in nineteen thirty nine, who thought the same thing in

342
00:18:38,560 --> 00:18:42,080
Speaker 1: eighteen sixty one. As to whether something like this was

343
00:18:42,119 --> 00:18:43,600
Speaker 1: going to go off with a hitch and would end

344
00:18:43,640 --> 00:18:45,320
Speaker 1: in a matter of weeks, Well, and here's the thing.

345
00:18:45,400 --> 00:18:49,880
Speaker 1: You know, I've seen some credible analysis that's basically like, yeah,

346
00:18:49,960 --> 00:18:52,360
Speaker 1: he is bluffing. He's full of it. The only thing

347
00:18:52,400 --> 00:18:56,880
Speaker 1: he respects is like power and strength and you you know,

348
00:18:57,920 --> 00:19:00,640
Speaker 1: kicking him and sumbing your nose at him. And that

349
00:19:00,800 --> 00:19:04,199
Speaker 1: might be true, but guess what, there's a chance that

350
00:19:04,280 --> 00:19:07,879
Speaker 1: it's not. And the risk and the danger of the

351
00:19:07,960 --> 00:19:12,720
Speaker 1: alternative that that analysis is wrong is not worth taking.

352
00:19:13,080 --> 00:19:15,119
Speaker 1: And so we're not saying, oh, one hundred percent this

353
00:19:15,160 --> 00:19:17,800
Speaker 1: would lead to nuclear World War three and arm again

354
00:19:17,840 --> 00:19:20,240
Speaker 1: and et cetera, et cetera. We're saying that that outcome

355
00:19:20,720 --> 00:19:24,760
Speaker 1: is so horrifically unfathomable that we can't even have a

356
00:19:24,880 --> 00:19:28,600
Speaker 1: small chance of putting ourselves in that situation, which I

357
00:19:28,600 --> 00:19:31,200
Speaker 1: think is what Chensaki is also trying to say here.

358
00:19:31,560 --> 00:19:34,320
Speaker 1: You know, even the coverage of these new sanctions that

359
00:19:34,359 --> 00:19:36,520
Speaker 1: are being put on, and you know, the ever increasing

360
00:19:36,560 --> 00:19:38,600
Speaker 1: call for more sanctions, more sanctions, and why aren't the

361
00:19:38,600 --> 00:19:41,240
Speaker 1: Europeans getting on board? And basically, I mean Germany, we

362
00:19:41,400 --> 00:19:44,280
Speaker 1: screwed if they just totally cut themselves off of Russian

363
00:19:44,280 --> 00:19:46,760
Speaker 1: gas and oil in a way that like our population

364
00:19:46,880 --> 00:19:49,840
Speaker 1: would never accept for ourselves either. So we should have

365
00:19:49,840 --> 00:19:52,119
Speaker 1: a lot of understanding of what's going on there. But

366
00:19:52,640 --> 00:19:57,200
Speaker 1: there's only a push in that direction. There's very few voices,

367
00:19:57,320 --> 00:19:59,880
Speaker 1: precious few that are willing to look at the imp

368
00:20:00,040 --> 00:20:03,359
Speaker 1: active sanction so far and say, is this actually working?

369
00:20:03,720 --> 00:20:05,600
Speaker 1: Is this actually pushing us in the direction that we

370
00:20:05,720 --> 00:20:08,720
Speaker 1: want to go. We covered rosstoutthat's column in the New

371
00:20:08,800 --> 00:20:11,520
Speaker 1: York Times where he very gingerly walks up to the

372
00:20:11,640 --> 00:20:14,760
Speaker 1: edge of saying like, look, guys, here's the history, just

373
00:20:14,840 --> 00:20:17,399
Speaker 1: so you know how this normally goes. And he doesn't

374
00:20:17,400 --> 00:20:19,720
Speaker 1: even go so far as to say like we're doing

375
00:20:19,800 --> 00:20:21,600
Speaker 1: the wrong thing and we should take another course. He

376
00:20:21,760 --> 00:20:24,359
Speaker 1: just says, like, here's the history, and here's what you

377
00:20:24,400 --> 00:20:27,200
Speaker 1: should know as we continue down this course. That is

378
00:20:27,359 --> 00:20:32,320
Speaker 1: a very very rare sentiment because unfortunately, even even asking

379
00:20:32,400 --> 00:20:35,840
Speaker 1: that question, even putting that information out there is considered

380
00:20:36,160 --> 00:20:41,160
Speaker 1: totally unacceptable and not even allowed in mainstream discourse. Instead

381
00:20:42,200 --> 00:20:46,080
Speaker 1: totally okay and totally commonplace to basically call for World

382
00:20:46,160 --> 00:20:49,359
Speaker 1: War three. That's what's acceptable in polite society. Now, right

383
00:20:50,840 --> 00:20:54,120
Speaker 1: to that end, we have some new comments from Nom Chomsky,

384
00:20:54,240 --> 00:20:58,120
Speaker 1: who of course many people respect and admire. He gave

385
00:20:58,240 --> 00:21:01,879
Speaker 1: a new interview to The New Statesman. He covered a

386
00:21:02,000 --> 00:21:04,879
Speaker 1: range of issues, climate crisis, Trump, how he sees this

387
00:21:05,040 --> 00:21:07,040
Speaker 1: moment right now is one of the most dangerous moments

388
00:21:07,080 --> 00:21:10,520
Speaker 1: in history because you have all of these forces coming together.

389
00:21:11,000 --> 00:21:13,159
Speaker 1: But we wanted to talk a little bit about his

390
00:21:13,359 --> 00:21:16,160
Speaker 1: comments on Ukraine, which I thought were really interesting. Let's

391
00:21:16,200 --> 00:21:18,240
Speaker 1: go ahead and put this tear sheet up on the screen,

392
00:21:18,280 --> 00:21:20,760
Speaker 1: and I'm just going to read you his whole quote. Here.

393
00:21:21,440 --> 00:21:23,680
Speaker 1: He's asked about what's going on in Ukraine, and he

394
00:21:23,760 --> 00:21:27,000
Speaker 1: says it's monstrous for Ukraine. But why did he do it?

395
00:21:27,080 --> 00:21:29,840
Speaker 1: He being putin. There are two ways of looking at

396
00:21:29,880 --> 00:21:32,240
Speaker 1: this question. One way, the fashionable way in the West,

397
00:21:32,400 --> 00:21:35,600
Speaker 1: is to plumb the recesses of Putin's twisted mind to

398
00:21:35,680 --> 00:21:38,560
Speaker 1: try to determine what's happening in his deep psyche. The

399
00:21:38,720 --> 00:21:41,360
Speaker 1: other way would be to look at the facts. For example,

400
00:21:41,680 --> 00:21:43,960
Speaker 1: that in September twenty twenty one, the United States came

401
00:21:44,000 --> 00:21:46,760
Speaker 1: out with a strong policy statement calling for enhanced military

402
00:21:46,800 --> 00:21:51,280
Speaker 1: cooperation with Ukraine, further sending of advanced military weapons, all

403
00:21:51,400 --> 00:21:55,000
Speaker 1: part of the enhancement program of Ukraine joining NATO. You

404
00:21:55,040 --> 00:21:57,159
Speaker 1: can take your choice. We don't know which is right.

405
00:21:57,560 --> 00:21:59,920
Speaker 1: What we do know is that Ukraine will be further

406
00:22:00,400 --> 00:22:03,840
Speaker 1: devastated and we may move on to terminal nuclear war

407
00:22:04,400 --> 00:22:07,359
Speaker 1: if we do not pursue the opportunities that exist for

408
00:22:07,480 --> 00:22:11,720
Speaker 1: a negotiated settlement. So there's a lot that's noteworthy there.

409
00:22:11,920 --> 00:22:14,080
Speaker 1: First of all, I think he's completely right that there

410
00:22:14,200 --> 00:22:16,320
Speaker 1: is a lot more comfort in the West with sort

411
00:22:16,359 --> 00:22:21,359
Speaker 1: of like Putin psychoanalyzing then actual clear headed thought about

412
00:22:21,400 --> 00:22:23,560
Speaker 1: how we ended up in this place. And I think

413
00:22:23,560 --> 00:22:27,560
Speaker 1: it's very important too he does not deny the monstrosity

414
00:22:28,000 --> 00:22:32,040
Speaker 1: of what Putin and his cronies are doing in Ukraine.

415
00:22:32,200 --> 00:22:34,520
Speaker 1: So this isn't to take away agency or say oh,

416
00:22:34,560 --> 00:22:36,760
Speaker 1: it's all the West fault or anything like that, but

417
00:22:36,840 --> 00:22:39,360
Speaker 1: it's very important that you understand how we get got here.

418
00:22:39,920 --> 00:22:42,360
Speaker 1: If number one, you don't want to repeat those mistakes,

419
00:22:42,680 --> 00:22:44,520
Speaker 1: and if number two, you want to actually bring this

420
00:22:44,680 --> 00:22:47,080
Speaker 1: conflict to a close. And then the other part that

421
00:22:47,160 --> 00:22:50,200
Speaker 1: he says here, which should not be controversial but is

422
00:22:50,400 --> 00:22:53,280
Speaker 1: very controversial, is that he says, we may move on

423
00:22:53,400 --> 00:22:55,760
Speaker 1: to terminal nuclear war if we do not pursue the

424
00:22:55,800 --> 00:23:00,600
Speaker 1: opportunities that exist for a negotiated settlement. That's the voice

425
00:23:00,640 --> 00:23:02,879
Speaker 1: that you were not hearing anywhere from the US press.

426
00:23:03,000 --> 00:23:05,840
Speaker 1: I think the thing is with Chomsky he's literally so old,

427
00:23:06,040 --> 00:23:07,840
Speaker 1: is that he remembers what the last time that this

428
00:23:08,040 --> 00:23:11,359
Speaker 1: was like, and that's actually important. And he was actually alive.

429
00:23:11,560 --> 00:23:14,080
Speaker 1: He was literally first alive. Well, he was a grown

430
00:23:14,280 --> 00:23:17,439
Speaker 1: adult during the Cuban missile crisis. This is somebody who

431
00:23:17,640 --> 00:23:21,919
Speaker 1: actually lived through the pre New Star era. I mean

432
00:23:22,040 --> 00:23:25,840
Speaker 1: that is just something that I think sears onto your consciousness,

433
00:23:26,080 --> 00:23:28,280
Speaker 1: which we have just lost today. I've been thinking a

434
00:23:28,320 --> 00:23:30,960
Speaker 1: lot about this. In graduate school, we read this great

435
00:23:31,040 --> 00:23:34,440
Speaker 1: paper called the Nuclear Taboo. It was written by a

436
00:23:34,480 --> 00:23:37,159
Speaker 1: woman named Nina Tannenwald, and I just looked it up.

437
00:23:37,400 --> 00:23:39,399
Speaker 1: What she talked about is that over the course of

438
00:23:39,480 --> 00:23:42,040
Speaker 1: fifty years from Hiroshima up until when she wrote it,

439
00:23:42,040 --> 00:23:43,800
Speaker 1: I think it was like in the nineties that the

440
00:23:44,040 --> 00:23:47,320
Speaker 1: development of the nuclear taboo was not a foregone conclusion.

441
00:23:47,640 --> 00:23:49,480
Speaker 1: There were a lot of times, and I talked about

442
00:23:49,520 --> 00:23:53,119
Speaker 1: it here in the nineteen fifties where President Eisenhower was

443
00:23:53,160 --> 00:23:57,640
Speaker 1: presented plans to use limited again a joke, limited nuclear

444
00:23:57,680 --> 00:24:00,919
Speaker 1: weapons at d'en Benfu in order to the French at

445
00:24:00,960 --> 00:24:03,159
Speaker 1: the Suez Canal in order to save the British and

446
00:24:03,240 --> 00:24:06,680
Speaker 1: the French. Sensing a theme here in terms of that,

447
00:24:07,240 --> 00:24:10,280
Speaker 1: Henry Kissinger and others talked about the possible use of

448
00:24:10,440 --> 00:24:14,879
Speaker 1: tactical again when quotes nuclear weapons in Vietnam. There was

449
00:24:15,000 --> 00:24:18,840
Speaker 1: a long history of talking and presenting the option of

450
00:24:18,960 --> 00:24:22,720
Speaker 1: nuclear weapons that really started to turn the tide after

451
00:24:22,920 --> 00:24:26,680
Speaker 1: the nuclear crisis of the Cuban Missile one, because it

452
00:24:26,880 --> 00:24:29,760
Speaker 1: was then when the world was faced with the actual destruction.

453
00:24:30,160 --> 00:24:34,159
Speaker 1: And also people forget, the Soviets tested a bomb. It

454
00:24:34,240 --> 00:24:37,320
Speaker 1: was called Czar bomba and it horrified the world in

455
00:24:37,440 --> 00:24:40,399
Speaker 1: terms of what an actual I think I'm forgetting the

456
00:24:40,480 --> 00:24:43,800
Speaker 1: actual term for the type of thermonuclear explosion. It was

457
00:24:43,840 --> 00:24:46,240
Speaker 1: like fifty six megatons or something like that, and when

458
00:24:46,280 --> 00:24:48,960
Speaker 1: it was observed with human eyes, the mushroom cloud and

459
00:24:49,080 --> 00:24:52,160
Speaker 1: exactly what it looked like and the level of destruction

460
00:24:52,359 --> 00:24:55,240
Speaker 1: and the glass that it literally turned the soil. People

461
00:24:55,320 --> 00:24:58,440
Speaker 1: were like, oh my god, this is what these weapons

462
00:24:58,520 --> 00:25:01,720
Speaker 1: actually looked like. The thing is, it's been sixty some

463
00:25:01,920 --> 00:25:05,760
Speaker 1: seventy years since that happened, and so only people like

464
00:25:05,880 --> 00:25:08,840
Speaker 1: him who were ninety something years old, we're old enough

465
00:25:08,920 --> 00:25:12,879
Speaker 1: to remember, and now we're slow walking ourselves. Yeah, all

466
00:25:12,920 --> 00:25:16,520
Speaker 1: these defences that we had already. Although it's interesting because actually,

467
00:25:17,720 --> 00:25:20,800
Speaker 1: typically if you look at the polling, the older you are,

468
00:25:21,160 --> 00:25:23,199
Speaker 1: the more hawksh your views on that maybe right now,

469
00:25:23,200 --> 00:25:26,399
Speaker 1: I don't know, And so I think there's also a

470
00:25:26,680 --> 00:25:29,440
Speaker 1: I think there's a cable news effect frankly of you know,

471
00:25:29,800 --> 00:25:33,440
Speaker 1: older Americans are much more likely to be consuming Fox

472
00:25:33,560 --> 00:25:36,080
Speaker 1: NEWSCY and an an MSNBC. I mean, their average age

473
00:25:36,200 --> 00:25:38,840
Speaker 1: is like sixty six, sixty seven in terms of their

474
00:25:38,920 --> 00:25:43,720
Speaker 1: average viewer, and so they're just relentlessly taking in this.

475
00:25:44,040 --> 00:25:45,520
Speaker 1: We got to do more, we got to do more,

476
00:25:45,600 --> 00:25:49,960
Speaker 1: We got to do more propaganda. Now, even among those groups,

477
00:25:50,400 --> 00:25:52,840
Speaker 1: when you say, well, what if we actually put boots

478
00:25:52,880 --> 00:25:56,159
Speaker 1: on the ground, they're like, hell no. But everything up

479
00:25:56,200 --> 00:25:59,040
Speaker 1: to that, even things that would very clearly lead to that,

480
00:25:59,520 --> 00:26:01,840
Speaker 1: because the media has done such a poor job of

481
00:26:02,080 --> 00:26:06,000
Speaker 1: explaining and educating and instead only does like human interest stories.

482
00:26:06,160 --> 00:26:08,720
Speaker 1: Again nothing against human interest stories, but that can't be

483
00:26:08,800 --> 00:26:11,280
Speaker 1: the entirety of what you're doing on this conflict. You've

484
00:26:11,320 --> 00:26:14,240
Speaker 1: really got to understand and explain what is going on

485
00:26:14,359 --> 00:26:18,439
Speaker 1: and what the potential geopolitical implications are, because that's been

486
00:26:18,520 --> 00:26:23,040
Speaker 1: their direction. You have this very hawkish instinct among older

487
00:26:23,119 --> 00:26:26,240
Speaker 1: generations who are also still very steeped in this like

488
00:26:27,040 --> 00:26:30,639
Speaker 1: Cold War, it's US against the Soviet Union kind of

489
00:26:30,720 --> 00:26:32,800
Speaker 1: a mentality. I mean, these are the people who still

490
00:26:32,880 --> 00:26:37,120
Speaker 1: think that Russia is communist even though it's like completely absurd.

491
00:26:37,600 --> 00:26:40,119
Speaker 1: And the younger you are, the more likely you are

492
00:26:40,280 --> 00:26:44,000
Speaker 1: to look at this more like how Noam Chomsky looks

493
00:26:44,040 --> 00:26:46,480
Speaker 1: at it, and to be really committed to how do

494
00:26:46,560 --> 00:26:48,399
Speaker 1: we get to peace, How do we make sure that

495
00:26:48,440 --> 00:26:50,639
Speaker 1: we don't end up in this situation? How do we

496
00:26:51,000 --> 00:26:55,480
Speaker 1: evaluate honestly what the US roles the US's role was

497
00:26:55,720 --> 00:26:58,399
Speaker 1: in leading us to the brink of war, again, not

498
00:26:58,560 --> 00:27:01,639
Speaker 1: taking any of the agency the actual invasion from Putin.

499
00:27:01,800 --> 00:27:03,680
Speaker 1: It's a good point, and actually, now that I think

500
00:27:03,680 --> 00:27:05,720
Speaker 1: about it, it might make sense that many of the

501
00:27:05,800 --> 00:27:08,560
Speaker 1: boomers who did this were either not alive or not

502
00:27:08,760 --> 00:27:11,920
Speaker 1: there children during the Cuban Missile crisis, and instead their

503
00:27:12,000 --> 00:27:15,240
Speaker 1: memory is of Ronald Reagan bringing back roll back into

504
00:27:15,280 --> 00:27:18,560
Speaker 1: containment policy of the US versus the Soviet Union and

505
00:27:18,640 --> 00:27:21,159
Speaker 1: winning the Cold War. So they're probably much more triumphalous

506
00:27:21,480 --> 00:27:24,480
Speaker 1: in what it might look like. However, they forget what

507
00:27:24,600 --> 00:27:28,040
Speaker 1: the precarious days when there was actual nuclear parody between

508
00:27:28,040 --> 00:27:31,560
Speaker 1: the US and the Soviets actually looked like. So maybe

509
00:27:31,640 --> 00:27:34,679
Speaker 1: it's only the septagenarians that are if we just had

510
00:27:34,800 --> 00:27:37,080
Speaker 1: like the ninety year old court and the eighty year

511
00:27:37,080 --> 00:27:39,760
Speaker 1: old Cohort, because Barty's pretty good on this too, maybe

512
00:27:39,800 --> 00:27:43,400
Speaker 1: there's something to that. I'm not going to defend septagenarian leadership,

513
00:27:43,480 --> 00:27:46,080
Speaker 1: but perhaps there is a small slight advantage to that

514
00:27:46,240 --> 00:27:49,040
Speaker 1: because they're old enough in order to remember. All I

515
00:27:49,080 --> 00:27:52,000
Speaker 1: would say is that when I seek renewed calls and

516
00:27:52,320 --> 00:27:55,920
Speaker 1: the disregard of risk, it just seems that we've forgotten

517
00:27:56,320 --> 00:27:59,600
Speaker 1: so much history. And the people who lived through these

518
00:27:59,640 --> 00:28:02,479
Speaker 1: great wars, World War One and World War Two, they

519
00:28:02,720 --> 00:28:05,680
Speaker 1: never forgot what they saw. Same with them with a

520
00:28:05,720 --> 00:28:08,000
Speaker 1: great I mean with the Cuban Missile crisis, it was

521
00:28:08,080 --> 00:28:11,440
Speaker 1: imprinted on their consciousness until the day that they died.

522
00:28:11,560 --> 00:28:14,240
Speaker 1: And I think that the misfortune is that we don't

523
00:28:14,240 --> 00:28:16,880
Speaker 1: haven't had a population or even a leadership that has

524
00:28:16,960 --> 00:28:19,479
Speaker 1: that to the extent that younger people like us who

525
00:28:19,560 --> 00:28:22,680
Speaker 1: are very against war and are much more minded to restraint.

526
00:28:22,920 --> 00:28:25,520
Speaker 1: It's because all we have watched are utter failures in

527
00:28:25,600 --> 00:28:28,439
Speaker 1: our lifetime. I was a child when the US invaded Iraq.

528
00:28:28,720 --> 00:28:32,560
Speaker 1: Watched Iraq, watched Afghanistan, watch Libya, watch Syria. What confidence

529
00:28:32,640 --> 00:28:34,240
Speaker 1: do I have in the ability of the United stors? Well,

530
00:28:34,240 --> 00:28:37,040
Speaker 1: that's true. I mean our formative experience as being Iraq

531
00:28:37,320 --> 00:28:40,680
Speaker 1: is very you know, that'll leave an impact for sure.

532
00:28:41,400 --> 00:28:45,680
Speaker 1: And I also think that older generations, and this is

533
00:28:45,880 --> 00:28:50,200
Speaker 1: this is like very typical, are more susceptible to propaganda

534
00:28:50,520 --> 00:28:54,080
Speaker 1: because you know, as you as sort of like new

535
00:28:54,160 --> 00:28:58,680
Speaker 1: means of propaganda are developed, new generations become sort of

536
00:28:58,800 --> 00:29:01,720
Speaker 1: more savvy too. I mean, I think of my dad,

537
00:29:01,800 --> 00:29:05,440
Speaker 1: who is extremely brilliant verson and he's a PhD physicist,

538
00:29:05,920 --> 00:29:08,640
Speaker 1: and he would get these chain emails during the Obama

539
00:29:08,720 --> 00:29:11,480
Speaker 1: era that he would like sort of take seriously, you know,

540
00:29:11,720 --> 00:29:14,600
Speaker 1: because you just haven't built up If you're of an

541
00:29:14,600 --> 00:29:16,960
Speaker 1: older generation, you came of age at a time when

542
00:29:17,400 --> 00:29:20,880
Speaker 1: that sort of just like outright lies in propaganda, wasn't

543
00:29:20,920 --> 00:29:24,200
Speaker 1: something you had to inoculate yourself against. So I also

544
00:29:24,360 --> 00:29:28,520
Speaker 1: think that the younger you are, the more questioning you

545
00:29:28,680 --> 00:29:32,040
Speaker 1: are of the information that you're being fed, the less

546
00:29:32,080 --> 00:29:34,880
Speaker 1: that you're reliant just on the New York Times and

547
00:29:35,080 --> 00:29:39,320
Speaker 1: CNN or Fox News for your information diet, and so

548
00:29:39,720 --> 00:29:42,360
Speaker 1: the more open you'll be to seeing things through a

549
00:29:42,440 --> 00:29:46,400
Speaker 1: different lens than what the entire mainstream establishment media is

550
00:29:46,440 --> 00:29:48,440
Speaker 1: presenting you. Yeah, I think that's right. I mean, you

551
00:29:48,480 --> 00:29:51,640
Speaker 1: look at it all together, and it's a scary situation.

552
00:29:51,760 --> 00:29:53,760
Speaker 1: But I'm glad that Chomsky could warn us all at

553
00:29:53,880 --> 00:29:57,040
Speaker 1: least in this instance. Let's move on over to Obama.

554
00:29:57,280 --> 00:30:00,640
Speaker 1: So there was Obama's triumphant return to the White House,

555
00:30:01,480 --> 00:30:04,760
Speaker 1: and it didn't go so well for the current president.

556
00:30:04,920 --> 00:30:08,560
Speaker 1: The former president really upstaging him. So first, we're going

557
00:30:08,640 --> 00:30:11,040
Speaker 1: to show you a joke he made about Biden being

558
00:30:11,160 --> 00:30:14,160
Speaker 1: vice president. It will be relevant in a moment. And second,

559
00:30:14,720 --> 00:30:17,600
Speaker 1: just in terms of how the former president was received

560
00:30:17,640 --> 00:30:21,480
Speaker 1: as a rock star at the current president's White House.

561
00:30:21,560 --> 00:30:29,960
Speaker 1: Let's take a listen Vice President Biden vice president that

562
00:30:30,200 --> 00:30:52,320
Speaker 1: was all set up. Mister president, what do you say

563
00:30:52,360 --> 00:30:54,560
Speaker 1: to democrats worried about the midterms? What do you tell

564
00:30:54,600 --> 00:30:56,880
Speaker 1: democrats worried about the midterms? We got a story to tell.

565
00:30:57,000 --> 00:31:07,560
Speaker 1: You's gotta tell it. Go ahead and play the next clip, guys.

566
00:31:07,600 --> 00:31:12,280
Speaker 1: This one shows President Obama being feted at the White House,

567
00:31:12,480 --> 00:31:15,920
Speaker 1: while you can also see at the same time President

568
00:31:16,040 --> 00:31:19,440
Speaker 1: Biden in the background, basically being ignored the entire time.

569
00:31:46,000 --> 00:31:48,200
Speaker 1: That's brutal for those who are just listening. I'm sorry,

570
00:31:48,840 --> 00:31:51,440
Speaker 1: but we had to make sure that people just saw

571
00:31:51,800 --> 00:31:54,800
Speaker 1: how President Obama's shaking hands. Even Kamala is there and

572
00:31:54,880 --> 00:31:57,840
Speaker 1: the President of the United States is seated in the background.

573
00:31:57,920 --> 00:32:00,400
Speaker 1: And this did not go unnoticed by some of Biden's advisors.

574
00:32:00,480 --> 00:32:03,280
Speaker 1: Let's put this up there on the screen, from Alex

575
00:32:03,320 --> 00:32:05,600
Speaker 1: Thompson saying, quote, I can tell you not everyone in

576
00:32:05,720 --> 00:32:08,880
Speaker 1: Biden world thought that the Vice President Biden joke was

577
00:32:09,000 --> 00:32:12,000
Speaker 1: all that funny. And really it just goes to show you, Crystal,

578
00:32:12,240 --> 00:32:15,640
Speaker 1: that Obama still is the rock star of the Democratic Party.

579
00:32:15,920 --> 00:32:18,920
Speaker 1: Biden was always the reluctant choice, and even at his

580
00:32:19,040 --> 00:32:22,520
Speaker 1: own White House he's upstaged by the former president. It's

581
00:32:22,560 --> 00:32:25,320
Speaker 1: frankly humiliating for the former president. I mean for the

582
00:32:25,360 --> 00:32:27,600
Speaker 1: current president to be treated in such a way. I

583
00:32:27,600 --> 00:32:29,680
Speaker 1: don't even mean with the joke, but really in terms

584
00:32:29,720 --> 00:32:32,240
Speaker 1: of you could see the energy that was there for

585
00:32:32,360 --> 00:32:35,840
Speaker 1: Obama himself and Biden is just not there. And that's

586
00:32:36,280 --> 00:32:38,000
Speaker 1: I mean, yeah, what else do you say about that?

587
00:32:38,120 --> 00:32:41,240
Speaker 1: That's really embarrassing for our current president. Yeah. That the

588
00:32:41,360 --> 00:32:44,520
Speaker 1: moment that we showed where he's kind of like standing

589
00:32:44,520 --> 00:32:47,520
Speaker 1: awkwardly around at the party trying to jump into a conversation.

590
00:32:47,720 --> 00:32:49,960
Speaker 1: I think we've all had that moment. It's sure, but

591
00:32:50,280 --> 00:32:52,600
Speaker 1: very relatable because we hadn't all been president of the

592
00:32:52,680 --> 00:32:56,800
Speaker 1: United States. I think the other thing that all of

593
00:32:56,920 --> 00:33:00,640
Speaker 1: this shows is it's no accident Obama is brought in

594
00:33:01,000 --> 00:33:05,160
Speaker 1: now as Democrats are fully pressing the panic button on

595
00:33:05,600 --> 00:33:08,880
Speaker 1: the midterm elections. They see the polling. It's not getting better.

596
00:33:09,160 --> 00:33:11,840
Speaker 1: In fact, in some ways it's getting worse. The landscape

597
00:33:11,880 --> 00:33:15,240
Speaker 1: looks extraordinarily dire. I mean, I'm seeing projections now that

598
00:33:15,480 --> 00:33:19,840
Speaker 1: on the current track and with demographics, especially Latinas shifting

599
00:33:19,880 --> 00:33:22,320
Speaker 1: to the Republican Party, you could end up not only

600
00:33:22,400 --> 00:33:24,160
Speaker 1: with Trump in the White House, but with him having

601
00:33:24,240 --> 00:33:27,560
Speaker 1: a fricking supermajority in the Senate and control of the House.

602
00:33:28,120 --> 00:33:31,840
Speaker 1: So Democrats have sort of like fully awakened to the

603
00:33:32,040 --> 00:33:36,160
Speaker 1: absolute disaster that is awaiting them electorally. And we'll get

604
00:33:36,160 --> 00:33:38,840
Speaker 1: into some of the specific mistakes that they have made themselves.

605
00:33:39,360 --> 00:33:42,880
Speaker 1: And so what are they reach for? They reach for Obama,

606
00:33:43,480 --> 00:33:46,960
Speaker 1: who has been proven time and time again to even

607
00:33:47,000 --> 00:33:49,520
Speaker 1: though he remains a lot of he retains a lot

608
00:33:49,560 --> 00:33:52,959
Speaker 1: of personal popularity within the Democratic base, but he has

609
00:33:53,080 --> 00:33:58,360
Speaker 1: never demonstrated an ability to bring anyone along on the

610
00:33:58,480 --> 00:34:01,840
Speaker 1: ride of his own personal population. Barack Obama is very

611
00:34:01,880 --> 00:34:06,120
Speaker 1: good for Barack Obama, and that's about it. So it's

612
00:34:06,160 --> 00:34:10,120
Speaker 1: also very sad indictment of the Democratic Party that all

613
00:34:10,200 --> 00:34:12,200
Speaker 1: they know how to do is to try to live

614
00:34:12,280 --> 00:34:15,320
Speaker 1: off the fumes of the Obama glory years. And it

615
00:34:15,440 --> 00:34:18,239
Speaker 1: kind of reminds me of during the George W. Bush administration,

616
00:34:18,320 --> 00:34:19,680
Speaker 1: when all they really knew how to do was live

617
00:34:19,719 --> 00:34:22,320
Speaker 1: off the fumes of the Clinton years, which you know,

618
00:34:22,520 --> 00:34:26,239
Speaker 1: history has not treated kindly when you consider tax cuts

619
00:34:26,280 --> 00:34:28,680
Speaker 1: to the rich and ending welfare as we know it,

620
00:34:28,800 --> 00:34:31,880
Speaker 1: and of course NAFTA and many other sins during the

621
00:34:31,960 --> 00:34:34,480
Speaker 1: Clinton years. An entire shift of the party away from

622
00:34:34,520 --> 00:34:36,960
Speaker 1: its working class base and towards sort of sort of

623
00:34:37,480 --> 00:34:42,439
Speaker 1: like upwardly mobile suburban professionals. The Obama years are going

624
00:34:42,480 --> 00:34:45,480
Speaker 1: to wear poorly overtime as well, and already have been

625
00:34:45,640 --> 00:34:48,600
Speaker 1: in a dramatic sense rejected in terms of a policy

626
00:34:48,680 --> 00:34:51,360
Speaker 1: perspective by the American people. That's why Trump got elected

627
00:34:51,480 --> 00:34:54,359
Speaker 1: in part. And yet this is all they know how

628
00:34:54,640 --> 00:34:59,960
Speaker 1: to reach for instead of actually trying to deliver material benefit.

629
00:35:00,040 --> 00:35:03,040
Speaker 1: It's the American population that might in the long run

630
00:35:03,239 --> 00:35:06,440
Speaker 1: in or to their political benefit. It's also very telling

631
00:35:06,560 --> 00:35:08,400
Speaker 1: that this, you know, used to bring him back to

632
00:35:08,400 --> 00:35:10,000
Speaker 1: the White House. It was all about sort of shoring

633
00:35:10,120 --> 00:35:15,560
Speaker 1: up his core legislative initiative, Obamacare, closing one of the

634
00:35:15,680 --> 00:35:18,880
Speaker 1: convoluted loopholes that they left in there, and order to

635
00:35:18,920 --> 00:35:22,239
Speaker 1: try to appease this or that Republican talking point. And

636
00:35:22,360 --> 00:35:24,840
Speaker 1: so even the fact that they're still leaning so heavily

637
00:35:25,000 --> 00:35:28,680
Speaker 1: on Obamacare after these all these years, a policy that

638
00:35:29,239 --> 00:35:31,960
Speaker 1: is an improvement over what it was before but has

639
00:35:32,280 --> 00:35:35,560
Speaker 1: you know, major problems and effectively was a giveaway to

640
00:35:35,680 --> 00:35:39,200
Speaker 1: the health insurance industry, is also very telling. So with

641
00:35:39,360 --> 00:35:42,840
Speaker 1: regards to some of the own goals of the Democratic Party.

642
00:35:43,239 --> 00:35:46,120
Speaker 1: There's some new polling that really puts a pretty fine

643
00:35:46,160 --> 00:35:47,760
Speaker 1: point on it. Let's put this up on the screen.

644
00:35:48,680 --> 00:35:50,520
Speaker 1: So we've talked about this a little bit before, but

645
00:35:50,600 --> 00:35:52,760
Speaker 1: we've got some new polls in this regard. You'll recall

646
00:35:52,840 --> 00:35:55,920
Speaker 1: that as part of the relief package that was passed

647
00:35:56,040 --> 00:35:59,480
Speaker 1: last year, they included one year of child tax credit

648
00:35:59,560 --> 00:36:03,480
Speaker 1: relative universal benefit that went to families. It was extremely

649
00:36:03,600 --> 00:36:08,600
Speaker 1: effective in helping to eliminate child poverty and child hunger. Well,

650
00:36:08,920 --> 00:36:11,080
Speaker 1: they did not renew it. The whole assumption was this

651
00:36:11,200 --> 00:36:13,160
Speaker 1: will be so good that, of course we're going to

652
00:36:13,200 --> 00:36:15,520
Speaker 1: renew it, like of course, Mansion and whoever, we'll get

653
00:36:15,560 --> 00:36:17,640
Speaker 1: on board, and even some Republicans may come on board

654
00:36:17,680 --> 00:36:20,040
Speaker 1: to make sure we retain the child tax curd. Well

655
00:36:20,080 --> 00:36:22,960
Speaker 1: that didn't happen. So the benefit is dried up. And

656
00:36:23,080 --> 00:36:25,920
Speaker 1: you used to have among the group of people who

657
00:36:26,080 --> 00:36:29,440
Speaker 1: receive the child tax credit, the child tax credit recipients,

658
00:36:30,200 --> 00:36:33,799
Speaker 1: Democrats had a twelve point advantage with this group. Okay,

659
00:36:33,880 --> 00:36:35,760
Speaker 1: so if you were getting the child tax credit benefit,

660
00:36:36,680 --> 00:36:39,520
Speaker 1: you were more likely to vote for Democrats by twelve points.

661
00:36:39,960 --> 00:36:42,799
Speaker 1: Now that that benefit has dried up, this very same

662
00:36:42,920 --> 00:36:48,480
Speaker 1: group actually narrowly favors Republicans. So for all of the

663
00:36:48,840 --> 00:36:51,680
Speaker 1: conversation about how culture war is everything and it's the

664
00:36:51,760 --> 00:36:53,480
Speaker 1: only thing people care about is the only thing people

665
00:36:53,560 --> 00:36:56,600
Speaker 1: vote on, that's just not true. It's just that neither

666
00:36:56,719 --> 00:37:01,600
Speaker 1: party actually offers a material plan that voters might get

667
00:37:01,680 --> 00:37:04,160
Speaker 1: on board with and not have yanked out from underneath

668
00:37:04,200 --> 00:37:07,080
Speaker 1: of them after like a measly few months. We also

669
00:37:07,200 --> 00:37:09,560
Speaker 1: talked about with regards to Obamacare, another thing that they

670
00:37:09,680 --> 00:37:14,239
Speaker 1: passed in that relief package was expanded subsidies to make

671
00:37:14,320 --> 00:37:17,880
Speaker 1: Obamacare more affordable. These are subsidies that should have been

672
00:37:17,960 --> 00:37:20,160
Speaker 1: there in the bill from the beginning, but they're worried

673
00:37:20,160 --> 00:37:21,760
Speaker 1: about like, oh, they're going to say you, we're spending

674
00:37:21,800 --> 00:37:23,560
Speaker 1: too much money, which of course they said that anyway,

675
00:37:23,600 --> 00:37:25,759
Speaker 1: so it didn't even matter. So they didn't pass the

676
00:37:25,800 --> 00:37:28,359
Speaker 1: subsidies to start with. They put them in for one

677
00:37:28,480 --> 00:37:31,680
Speaker 1: year in this relief package because again they were worried about, oh,

678
00:37:31,719 --> 00:37:33,440
Speaker 1: we can't put it in permanently because it'll cost too

679
00:37:33,520 --> 00:37:36,959
Speaker 1: much money. Now they're going away and guess when people

680
00:37:37,000 --> 00:37:39,719
Speaker 1: are going to get the letter that says, oh, your

681
00:37:39,760 --> 00:37:44,400
Speaker 1: health insurance premiums are about to skyrocket October, right before

682
00:37:44,640 --> 00:37:48,080
Speaker 1: the November elections. And as I mentioned last time, the group,

683
00:37:48,360 --> 00:37:50,440
Speaker 1: and it's the American Prospect who did the great reporting

684
00:37:50,520 --> 00:37:53,439
Speaker 1: on this, the group that is most likely to see

685
00:37:53,560 --> 00:37:58,000
Speaker 1: skyrocketing health insurance premiums because of all the weird quirks

686
00:37:58,040 --> 00:38:03,640
Speaker 1: and means testing in this law. Middle class older Americans,

687
00:38:04,280 --> 00:38:07,200
Speaker 1: the very group that is most likely to vote. So

688
00:38:07,520 --> 00:38:09,360
Speaker 1: all of this is a long way of saying that

689
00:38:09,960 --> 00:38:12,799
Speaker 1: there have been many world events which have transpired which

690
00:38:12,840 --> 00:38:15,560
Speaker 1: are not really Biden's fault what he has done with

691
00:38:15,680 --> 00:38:18,440
Speaker 1: him and his failures and his complete utter lack of leadership,

692
00:38:18,520 --> 00:38:20,239
Speaker 1: and the fact that all they can do is like

693
00:38:20,400 --> 00:38:23,040
Speaker 1: pull Obama out of the bag and beg voters to

694
00:38:23,080 --> 00:38:25,239
Speaker 1: please show up even though Obama did his thing again

695
00:38:25,280 --> 00:38:27,239
Speaker 1: and being like, well, I can't promise that much, but

696
00:38:27,360 --> 00:38:30,560
Speaker 1: you should vote for us anyway. That's all they got,

697
00:38:30,800 --> 00:38:33,359
Speaker 1: And it's sad and it's pathetic if all you got

698
00:38:33,560 --> 00:38:37,239
Speaker 1: is to resurrect a law that you passed thirteen years ago. Rightly,

699
00:38:37,480 --> 00:38:41,279
Speaker 1: remember when we did something that was moderately okay sometimes

700
00:38:41,360 --> 00:38:44,040
Speaker 1: for you. We cannot even do that anymore, But you

701
00:38:44,080 --> 00:38:46,120
Speaker 1: should vote for us anyway. Actually, think about where you

702
00:38:46,200 --> 00:38:48,279
Speaker 1: were thirteen years ago and then be like, wait, they

703
00:38:48,320 --> 00:38:50,400
Speaker 1: still want me to remember that and then vote on

704
00:38:50,480 --> 00:38:53,200
Speaker 1: that in the election? What are you doing? That's why

705
00:38:53,280 --> 00:38:55,359
Speaker 1: we pulled that clip of we go to story to tell,

706
00:38:55,480 --> 00:38:57,799
Speaker 1: just go to tell the story. What does that mean?

707
00:38:58,200 --> 00:39:00,800
Speaker 1: As usual, he continues to keep this up. Vote for

708
00:39:00,920 --> 00:39:03,239
Speaker 1: us because we're better than the other guy. How's that

709
00:39:03,360 --> 00:39:06,040
Speaker 1: working out for you? The child ask? Credit polling is great.

710
00:39:06,160 --> 00:39:08,080
Speaker 1: I mean, look, the other thing is, like you said,

711
00:39:08,120 --> 00:39:10,240
Speaker 1: with Biden, there's a lot of stuff that's out of control.

712
00:39:10,520 --> 00:39:12,480
Speaker 1: But losing by five and losing by twelve is a

713
00:39:12,520 --> 00:39:14,960
Speaker 1: totally different at ball game in terms of the Senate,

714
00:39:15,200 --> 00:39:17,719
Speaker 1: in terms of the midterms. Yeah, and more, as we

715
00:39:17,840 --> 00:39:20,879
Speaker 1: saw and many times throughout history, like, there are still

716
00:39:21,280 --> 00:39:24,000
Speaker 1: elements within Biden's control which he has flubbed. And you

717
00:39:24,040 --> 00:39:26,400
Speaker 1: can't just blame it all, you know, asking Obama to

718
00:39:26,400 --> 00:39:29,560
Speaker 1: bail you out, it's not going to work, ask Hillary. Yeah,

719
00:39:29,760 --> 00:39:34,359
Speaker 1: and as we began to block with like, the comparison

720
00:39:34,840 --> 00:39:38,279
Speaker 1: was not particularly favorable for Biden in the end here.

721
00:39:38,560 --> 00:39:43,080
Speaker 1: So yeah, a kind of sad statement on the Democratic Party.

722
00:39:45,880 --> 00:39:48,080
Speaker 1: Because we are fair minded people. We did want to

723
00:39:48,160 --> 00:39:50,520
Speaker 1: get we already gave Jen Saki credit for some stuff today.

724
00:39:50,560 --> 00:39:52,640
Speaker 1: So let's go ahead and give Biden some credit for

725
00:39:52,960 --> 00:39:55,759
Speaker 1: something that he said seemingly off the cuff at a

726
00:39:55,880 --> 00:39:59,680
Speaker 1: big conference of labor unions. Clearly what's been going on

727
00:40:00,400 --> 00:40:03,640
Speaker 1: in New York Staten Island JFK eight with Amazon labor

728
00:40:03,760 --> 00:40:06,200
Speaker 1: Union has been a little bit on his mind. Let's

729
00:40:06,200 --> 00:40:08,000
Speaker 1: take a listen to what he threw into the speech.

730
00:40:08,520 --> 00:40:11,240
Speaker 1: That's what unions are about. My view about providing dignity

731
00:40:11,280 --> 00:40:14,640
Speaker 1: and respect for people who bust their neck. That's why

732
00:40:14,680 --> 00:40:18,080
Speaker 1: I created the White House Task Force on Worker Organization

733
00:40:18,239 --> 00:40:21,080
Speaker 1: in Powerment to make sure the choice to join a

734
00:40:21,200 --> 00:40:31,920
Speaker 1: union belongs to workers alone. And by the way, by

735
00:40:31,960 --> 00:40:43,120
Speaker 1: the way, Amazon here we come. Watch watch. So I

736
00:40:43,200 --> 00:40:45,440
Speaker 1: saw that, I was like, okay, Joe Biden, you're a

737
00:40:45,480 --> 00:40:47,200
Speaker 1: little bit late to the fight, but that's all right,

738
00:40:47,480 --> 00:40:51,040
Speaker 1: you know, throwing your weight behind encouraging the Amazon workers

739
00:40:51,120 --> 00:40:53,239
Speaker 1: and putting the weight of the presidency behind it. I'm

740
00:40:53,320 --> 00:40:55,800
Speaker 1: all for it. Bernie tweeted it out to sort of

741
00:40:55,960 --> 00:40:58,360
Speaker 1: like a minute. I was like, all right, that's that's decent.

742
00:40:58,560 --> 00:41:00,680
Speaker 1: I'll take it. There are millions you could have done

743
00:41:00,719 --> 00:41:03,719
Speaker 1: and make this fight easier you've completely abandoned the pro Act.

744
00:41:03,920 --> 00:41:05,719
Speaker 1: You haven't use your executive power to do all the

745
00:41:05,760 --> 00:41:07,680
Speaker 1: things that you said you would onions. But at least

746
00:41:07,719 --> 00:41:10,399
Speaker 1: you're saying the right things about the Amazon labor union.

747
00:41:11,000 --> 00:41:13,880
Speaker 1: But it wasn't even one day. Just a couple of

748
00:41:13,960 --> 00:41:18,240
Speaker 1: hours later, Jen Saki at the podium gets asked about

749
00:41:18,280 --> 00:41:21,880
Speaker 1: Biden's comments, And here's what happened. Can I ask a

750
00:41:21,960 --> 00:41:24,680
Speaker 1: present by today told union members Amazon, here we come.

751
00:41:25,120 --> 00:41:28,320
Speaker 1: Was he endorsing the efforts of Union of Workers to

752
00:41:28,600 --> 00:41:32,160
Speaker 1: unionize youth amazon ascellies. What he was not doing is

753
00:41:32,320 --> 00:41:35,200
Speaker 1: sending a message that he or the US government would

754
00:41:35,239 --> 00:41:37,960
Speaker 1: be directly involved in any of these efforts or take

755
00:41:38,000 --> 00:41:42,960
Speaker 1: any direct action. What he was conveying is that it

756
00:41:43,120 --> 00:41:46,439
Speaker 1: is his longtime support for collective bargaining, for the rights

757
00:41:46,440 --> 00:41:49,040
Speaker 1: of worker at workers to organize and their decision to

758
00:41:49,080 --> 00:41:51,680
Speaker 1: do exactly that in this case, something that he has

759
00:41:51,800 --> 00:41:56,040
Speaker 1: long supported broadly over the course of his career. That

760
00:41:56,160 --> 00:41:58,800
Speaker 1: he really is like the government's going to do anything,

761
00:41:59,200 --> 00:42:01,359
Speaker 1: and I know what thinking it. But you could very

762
00:42:01,440 --> 00:42:04,600
Speaker 1: easily answer this question without having to create all this

763
00:42:04,760 --> 00:42:07,160
Speaker 1: distance between Biden and the fact. Look, the government is

764
00:42:07,239 --> 00:42:12,440
Speaker 1: supposed to encourage unionization and collective bargaining like that is

765
00:42:12,520 --> 00:42:14,840
Speaker 1: written into the law. So the idea of him just

766
00:42:14,920 --> 00:42:18,160
Speaker 1: saying something positive about the Amazon labor union should not

767
00:42:18,200 --> 00:42:20,600
Speaker 1: be all that contrary. Yeah, I do. I couldn't understand that,

768
00:42:20,719 --> 00:42:22,840
Speaker 1: And perhaps it would make more sense if we included

769
00:42:22,880 --> 00:42:25,000
Speaker 1: this little tidbit. Let's put this up there on the screen.

770
00:42:25,520 --> 00:42:29,080
Speaker 1: You might remember Jay Carney, Biden's top aid, former White

771
00:42:29,080 --> 00:42:32,279
Speaker 1: House Press secretary, is now currently the global head of

772
00:42:32,320 --> 00:42:36,760
Speaker 1: communications at Amazon. And here we have news that mister

773
00:42:36,920 --> 00:42:41,440
Speaker 1: Carney has sent a series of frustrated messages to White

774
00:42:41,480 --> 00:42:47,279
Speaker 1: House Chief of Staff Ron Klain about perceived slights against Amazon.

775
00:42:47,760 --> 00:42:52,399
Speaker 1: According to me, people familiar with the messages, Now that's

776
00:42:52,440 --> 00:42:54,960
Speaker 1: a little bit of a problem, and I'm obviously a

777
00:42:55,040 --> 00:42:58,319
Speaker 1: massive conflict of interest to have your former top aid

778
00:42:58,440 --> 00:43:02,040
Speaker 1: there be in charge of literal comms at Amazon and

779
00:43:02,160 --> 00:43:05,799
Speaker 1: Bezos's number two with the direct line to the White

780
00:43:05,840 --> 00:43:09,480
Speaker 1: House Chief of Staff and perhaps Crystal it is informing

781
00:43:09,640 --> 00:43:13,960
Speaker 1: some of their both ciderism strategy whenever it comes to this. Well,

782
00:43:14,080 --> 00:43:16,800
Speaker 1: it also, you know, harkens back to the block we

783
00:43:16,960 --> 00:43:19,960
Speaker 1: just did on Obama and the real legacy of the

784
00:43:20,080 --> 00:43:23,640
Speaker 1: Obama era that Jay Carney was such a trusted and

785
00:43:23,760 --> 00:43:26,520
Speaker 1: high level aid and then could walk right over to

786
00:43:26,880 --> 00:43:30,239
Speaker 1: Amazon and be such an affair, I mean, truly nefarious

787
00:43:30,280 --> 00:43:34,120
Speaker 1: and malign influence. Part of what this article reports is

788
00:43:34,160 --> 00:43:40,040
Speaker 1: that do you guys remember when Amazon Corporate put out

789
00:43:40,080 --> 00:43:44,160
Speaker 1: these weird, snarky tweets like clapping back at members of Congress.

790
00:43:44,160 --> 00:43:46,839
Speaker 1: They went after Elizabeth Warren, and they went after Mark

791
00:43:46,880 --> 00:43:51,480
Speaker 1: Pocan when there was a conversation about workers gurinating in bottles,

792
00:43:51,880 --> 00:43:55,960
Speaker 1: specifically Amazon delivery drivers, and remember they put out that

793
00:43:56,040 --> 00:43:58,520
Speaker 1: snarky tweet that was like, you don't really believe the

794
00:43:58,600 --> 00:44:01,640
Speaker 1: peeing and bottles thing, do you? And of course that

795
00:44:01,800 --> 00:44:04,560
Speaker 1: led to Ken Clipvenstein and other reporters being like, here's

796
00:44:04,680 --> 00:44:08,480
Speaker 1: literally the evidence. Here's literally a memo from internally at

797
00:44:08,560 --> 00:44:11,480
Speaker 1: Amazon proving that you know that this is happening and

798
00:44:11,760 --> 00:44:14,320
Speaker 1: you understand that it's a problem, so don't try to

799
00:44:14,400 --> 00:44:16,680
Speaker 1: tell us that you know, oh, this is just fake news.

800
00:44:17,160 --> 00:44:20,839
Speaker 1: Amazon ultimately had to retract those statements and apologize, calling

801
00:44:20,880 --> 00:44:23,080
Speaker 1: it an own goal. Well. I don't know if this

802
00:44:23,160 --> 00:44:25,719
Speaker 1: had been reported before, but this piece reports that it

803
00:44:25,880 --> 00:44:30,400
Speaker 1: was Bezos and Carney in particular who crafted these tweets

804
00:44:30,640 --> 00:44:33,320
Speaker 1: that these were like, you know, they came together in

805
00:44:33,400 --> 00:44:36,239
Speaker 1: a conference room, all the high level executives and came

806
00:44:36,360 --> 00:44:41,200
Speaker 1: up with this stupid, idiotic strategy. And that was you know,

807
00:44:41,400 --> 00:44:44,560
Speaker 1: former Obama era top dude J Karney. So says a lot.

808
00:44:44,760 --> 00:44:46,839
Speaker 1: It says says a lot. You know, Bezos has become

809
00:44:46,920 --> 00:44:49,640
Speaker 1: incredibly arrogant. He's actually lost a lot of what made

810
00:44:49,680 --> 00:44:52,279
Speaker 1: him a good leader and CEO in the first place

811
00:44:52,320 --> 00:44:55,520
Speaker 1: into building Amazon, and he has really lost touch with

812
00:44:55,920 --> 00:44:58,160
Speaker 1: the public. What I have understood is that they are

813
00:44:58,280 --> 00:45:01,600
Speaker 1: riding high on consumer data, which shows at Amazon, and

814
00:45:01,680 --> 00:45:03,200
Speaker 1: this is true, is one of the most trusted and

815
00:45:03,280 --> 00:45:06,360
Speaker 1: beloved corporations in the world in terms of how Americans

816
00:45:06,400 --> 00:45:09,760
Speaker 1: feel about them, but they forget that on the workplace matters.

817
00:45:09,800 --> 00:45:12,640
Speaker 1: Their own workforce has a real problem, and that also

818
00:45:12,760 --> 00:45:15,360
Speaker 1: can snowball real quickly. We were both looking at a

819
00:45:15,440 --> 00:45:17,840
Speaker 1: graph yesterday. I wish we had a cut for the

820
00:45:17,920 --> 00:45:25,279
Speaker 1: show about muscular skeletal injury. Amazon workforce at Amazon warehouses,

821
00:45:25,680 --> 00:45:29,960
Speaker 1: muscular skeletal injuries per ten thousand full time employees is

822
00:45:30,080 --> 00:45:35,120
Speaker 1: almost what fivefold more at an Amazon warehouse then a

823
00:45:35,320 --> 00:45:39,800
Speaker 1: non Amazon warehouse. And I think eightfold more than a

824
00:45:40,040 --> 00:45:43,480
Speaker 1: normal private business. This is a per rate of ten

825
00:45:43,560 --> 00:45:46,400
Speaker 1: thousand full time employees. Perhaps we'll do a broader thing

826
00:45:46,440 --> 00:45:49,160
Speaker 1: on this, Yeah, your show, But I mean that's great, right.

827
00:45:49,440 --> 00:45:52,120
Speaker 1: The injury rates that the other warehouses are really high

828
00:45:52,640 --> 00:45:54,600
Speaker 1: if you just think about them in the absolute and

829
00:45:54,640 --> 00:45:57,040
Speaker 1: then you look at Amazon and just multiple times higher.

830
00:45:57,080 --> 00:46:00,360
Speaker 1: So out of ten thousand workers somewhere, I mean one

831
00:46:00,400 --> 00:46:03,000
Speaker 1: thy and twelve hundred of them, so one in ten

832
00:46:03,640 --> 00:46:09,839
Speaker 1: is suffering a musculoskeletal injury like that is extraordinary. And yeah,

833
00:46:09,920 --> 00:46:12,520
Speaker 1: when you look at the conditions, it's no surprise because

834
00:46:12,560 --> 00:46:16,040
Speaker 1: they track your every movement. They look to chew up

835
00:46:16,200 --> 00:46:19,200
Speaker 1: and spit out their workforce. And you know, this is

836
00:46:19,239 --> 00:46:22,080
Speaker 1: something that Christian Smalls has been talking about. I actually

837
00:46:22,080 --> 00:46:25,000
Speaker 1: heard him say yesterday, like you hear these numbers about

838
00:46:25,040 --> 00:46:28,200
Speaker 1: all these workers that Amazon's hiring. That's not all because

839
00:46:28,200 --> 00:46:31,319
Speaker 1: they're creating jobs. It's also because they're firing all these people,

840
00:46:31,400 --> 00:46:33,680
Speaker 1: or these people are having to drop out because the

841
00:46:33,840 --> 00:46:37,080
Speaker 1: work is so incredibly arduous and because you're treated in

842
00:46:37,200 --> 00:46:39,920
Speaker 1: such an inhumane way. I would just say to Bezos

843
00:46:39,960 --> 00:46:42,880
Speaker 1: to your point about his arrogance. You know, the president

844
00:46:42,920 --> 00:46:45,719
Speaker 1: of Amazon Labor Union Chris S. Malls. He is doing

845
00:46:45,840 --> 00:46:50,640
Speaker 1: a very effective job of not only advocating for his workers,

846
00:46:50,760 --> 00:46:54,719
Speaker 1: but really shifting the mindset of what a job is

847
00:46:54,760 --> 00:46:57,440
Speaker 1: supposed to be. I think his most powerful message is

848
00:46:57,520 --> 00:46:59,920
Speaker 1: when he says like, no, we're not quitting our job

849
00:47:00,160 --> 00:47:03,080
Speaker 1: any war. We're gonna organize. In other words, it's not

850
00:47:03,280 --> 00:47:05,280
Speaker 1: enough freedom to say, Oh, I'm gonna leave this crappy

851
00:47:05,360 --> 00:47:07,720
Speaker 1: job and go to another crappy job. No, I'm staying

852
00:47:07,920 --> 00:47:10,040
Speaker 1: right here, and I'm going to be a part of

853
00:47:10,160 --> 00:47:13,399
Speaker 1: determining what the conditions of my employment actually are. You're

854
00:47:13,400 --> 00:47:14,880
Speaker 1: gonna have to deal with me, and you're gonna have

855
00:47:14,920 --> 00:47:16,640
Speaker 1: to deal with my workers, and we're gonna make this

856
00:47:16,840 --> 00:47:20,440
Speaker 1: into a good job, not go on to the next

857
00:47:20,520 --> 00:47:22,279
Speaker 1: crappy job and the next crappy job in the next

858
00:47:22,360 --> 00:47:24,799
Speaker 1: crappy job. And to show you what an effective job

859
00:47:24,840 --> 00:47:28,359
Speaker 1: he is doing at sort of winning the culture it's

860
00:47:28,440 --> 00:47:31,040
Speaker 1: like a culture war kind of a thing. Not only

861
00:47:31,120 --> 00:47:35,600
Speaker 1: did Jimmy Kimmel cover him favorably, we've seen him treated

862
00:47:35,760 --> 00:47:41,080
Speaker 1: fairly on CNBC, on MSNBC, on sort of like mainstream

863
00:47:41,160 --> 00:47:44,600
Speaker 1: news networks, and even what was actually quite a good

864
00:47:44,719 --> 00:47:47,719
Speaker 1: interview here on TMZ. Take a look, what is it

865
00:47:47,840 --> 00:47:51,400
Speaker 1: you think, Chris that scares Amazon the most about you

866
00:47:51,600 --> 00:47:54,319
Speaker 1: organizing this union. What is the one thing that they

867
00:47:54,520 --> 00:47:57,840
Speaker 1: just they oppose the most that you're gonna have the

868
00:47:58,120 --> 00:48:00,480
Speaker 1: toughest battle with them. Well, Amazon has it's the system

869
00:48:00,560 --> 00:48:02,960
Speaker 1: that's been implemented for the last twenty eight years that

870
00:48:03,120 --> 00:48:05,319
Speaker 1: hires and fire people all the time. When you hear

871
00:48:05,360 --> 00:48:07,719
Speaker 1: about them hiring are one hundred and fifty thousand people,

872
00:48:07,800 --> 00:48:10,440
Speaker 1: it's not because they're creating jobs. It's because they fired

873
00:48:10,440 --> 00:48:12,680
Speaker 1: one hundred and fifty thousand people and they need to

874
00:48:12,760 --> 00:48:15,640
Speaker 1: replace these people. So once again, forming a union is

875
00:48:15,719 --> 00:48:18,400
Speaker 1: going to provide a system that benefits to work at

876
00:48:18,440 --> 00:48:20,920
Speaker 1: the bottom. You know, Jeff Bezos made eighty eight billion

877
00:48:20,960 --> 00:48:23,000
Speaker 1: dollars during the course of the pandemic. He just went

878
00:48:23,040 --> 00:48:25,319
Speaker 1: to space and came back and thanked us for paying

879
00:48:25,400 --> 00:48:27,560
Speaker 1: for that. He bought a half a billion dollar guy.

880
00:48:28,200 --> 00:48:30,840
Speaker 1: That's all the expensive hour labor. So we deserve a

881
00:48:30,880 --> 00:48:33,520
Speaker 1: lot more redeemed the sension workers. Our value is a

882
00:48:33,560 --> 00:48:36,200
Speaker 1: lot more, and I think everybody's really realized that and

883
00:48:36,560 --> 00:48:38,800
Speaker 1: throughout the course of the pandemic, and this is just

884
00:48:38,840 --> 00:48:40,879
Speaker 1: a way to fight back and collect the bargain. You've

885
00:48:41,040 --> 00:48:44,800
Speaker 1: unionized a local, is it your intention to go beyond

886
00:48:44,920 --> 00:48:47,920
Speaker 1: that and go around the College Way to do the

887
00:48:47,920 --> 00:48:50,680
Speaker 1: same thing. Yeah? Absolutely. You got a second election coming

888
00:48:50,719 --> 00:48:52,560
Speaker 1: up in three weeks right here in New York that

889
00:48:52,640 --> 00:48:55,239
Speaker 1: we're hopefully going to be successful for. But I could

890
00:48:55,280 --> 00:48:58,600
Speaker 1: tell you since we won on Friday, April first, we've

891
00:48:58,640 --> 00:49:04,480
Speaker 1: been contacted from over fifty buildings nationwide, and also we

892
00:49:04,560 --> 00:49:07,320
Speaker 1: got several buildings overseas that reached out to US, India,

893
00:49:07,400 --> 00:49:11,919
Speaker 1: South Africa, Canada. They're all interested in forming an ALU chapter.

894
00:49:12,080 --> 00:49:14,960
Speaker 1: So this is just the beginning, you know. He goes

895
00:49:15,040 --> 00:49:16,759
Speaker 1: on at the end there they're trying to wrap up,

896
00:49:16,800 --> 00:49:19,520
Speaker 1: and he makes sure to make a point and say, listen, celebrities,

897
00:49:19,560 --> 00:49:21,680
Speaker 1: we're there for you. You ought to be backing up

898
00:49:21,760 --> 00:49:25,880
Speaker 1: workers in your hometown. So I mean, how can you, like,

899
00:49:26,080 --> 00:49:28,800
Speaker 1: how can you argue with that? It's very hard to

900
00:49:28,880 --> 00:49:30,520
Speaker 1: dispute what he's saying there. I think there's going to

901
00:49:30,520 --> 00:49:32,640
Speaker 1: be a lot to change here. And what people should

902
00:49:32,640 --> 00:49:35,319
Speaker 1: also remember is what did Amazon just do in Hollywood? Well,

903
00:49:35,440 --> 00:49:37,759
Speaker 1: they just bought a major studio, So we are going

904
00:49:37,840 --> 00:49:40,799
Speaker 1: to see which celebs are really not going to want

905
00:49:40,840 --> 00:49:43,520
Speaker 1: to train and who are actually going to show up.

906
00:49:43,600 --> 00:49:46,000
Speaker 1: You know a lot of progressives out in Hollywood, right,

907
00:49:46,560 --> 00:49:48,719
Speaker 1: Let's see which ones are the real ones. Yeah. I

908
00:49:48,800 --> 00:49:51,760
Speaker 1: think the other point he makes there that's really important

909
00:49:52,000 --> 00:49:54,160
Speaker 1: that I think is part of why the landscape has

910
00:49:54,280 --> 00:49:58,759
Speaker 1: changed at Starbucks and this Amazon warehouse and even I

911
00:49:58,840 --> 00:50:01,000
Speaker 1: mean we saw a significant shit in the votes down

912
00:50:01,160 --> 00:50:05,719
Speaker 1: in Bessemer, which is very hostile landscape to unionizing. Is

913
00:50:05,760 --> 00:50:08,239
Speaker 1: the fact that you did have this language during the

914
00:50:08,320 --> 00:50:11,160
Speaker 1: pandemic about essential workers, and it became a lot more

915
00:50:11,320 --> 00:50:13,960
Speaker 1: visible than they ever had before. You became a lot

916
00:50:14,040 --> 00:50:17,120
Speaker 1: more aware of how your packages were getting to your

917
00:50:17,200 --> 00:50:19,759
Speaker 1: doorstep and who was still having to go to work.

918
00:50:19,800 --> 00:50:22,279
Speaker 1: We didn't really do anything for those people, but there

919
00:50:22,360 --> 00:50:25,880
Speaker 1: was an awareness created about their value and about the

920
00:50:25,960 --> 00:50:29,920
Speaker 1: extraordinarily difficult circumstances that they were facing. One of the

921
00:50:30,000 --> 00:50:33,040
Speaker 1: great weapons of people like Bezos and others who want

922
00:50:33,120 --> 00:50:37,239
Speaker 1: to treat workers like their cattle is that they're basically invisible.

923
00:50:37,600 --> 00:50:38,880
Speaker 1: And so I was thinking about this when we were

924
00:50:38,880 --> 00:50:42,160
Speaker 1: talking about Daisy Pitkin, who organized laundry workers in Phoenix.

925
00:50:42,239 --> 00:50:44,239
Speaker 1: I mean that talk about work that you know most

926
00:50:44,280 --> 00:50:47,000
Speaker 1: people never think about what happens after a hospital sheet

927
00:50:47,280 --> 00:50:49,600
Speaker 1: or hotel sheet goes off the bed and goes to

928
00:50:49,719 --> 00:50:52,400
Speaker 1: be laundered. And so the more that you just are

929
00:50:52,640 --> 00:50:55,160
Speaker 1: even aware of, and these workers are brought out of

930
00:50:55,200 --> 00:50:58,480
Speaker 1: the shadows and you know their work highlighted and valued,

931
00:50:58,920 --> 00:51:01,399
Speaker 1: That in and of itself creates a massive change that's

932
00:51:01,520 --> 00:51:04,560
Speaker 1: very hard for Bezos or anyone else to be able

933
00:51:04,600 --> 00:51:06,360
Speaker 1: to deal with. So it's pretty interesting to watch in

934
00:51:06,440 --> 00:51:08,719
Speaker 1: real time. That's right, all right, guys, this is a

935
00:51:08,800 --> 00:51:11,560
Speaker 1: story that gives me no pleasure to report on, and frankly,

936
00:51:11,680 --> 00:51:14,440
Speaker 1: I just think it's extremely sad. But we have new

937
00:51:14,520 --> 00:51:18,680
Speaker 1: reporting from a really strong and frankly courageous reporter at

938
00:51:19,000 --> 00:51:23,279
Speaker 1: New York Magazine on some alleged misuse of funds by

939
00:51:23,360 --> 00:51:26,480
Speaker 1: the Black Lives Matter Global Foundation. So let's put this

940
00:51:27,040 --> 00:51:30,560
Speaker 1: first tear sheet up on the screen. So here is

941
00:51:30,600 --> 00:51:34,640
Speaker 1: the headline, black Lives Matter secretly bought a six million

942
00:51:34,760 --> 00:51:39,000
Speaker 1: dollar house. Allies and critics alike have questioned where the

943
00:51:39,160 --> 00:51:42,800
Speaker 1: organization's money has gone. The reporter here is Sean Campbell,

944
00:51:42,880 --> 00:51:45,440
Speaker 1: who this is kind of a follow up on another

945
00:51:45,680 --> 00:51:49,360
Speaker 1: in depth investigation that he had done into the financial

946
00:51:49,560 --> 00:51:54,560
Speaker 1: management or mismanagement of Black Lives Matter, and effectively what

947
00:51:54,719 --> 00:51:57,400
Speaker 1: happened was this, and then I'll get to the specifics

948
00:51:57,440 --> 00:52:01,520
Speaker 1: of this story. So you know, after George Floyd was murdered,

949
00:52:01,719 --> 00:52:05,360
Speaker 1: of course, there was a national outcry about the horror

950
00:52:05,520 --> 00:52:08,160
Speaker 1: of that situation, and there were a lot of good

951
00:52:08,280 --> 00:52:10,520
Speaker 1: people who said, I want to be part of a solution,

952
00:52:10,800 --> 00:52:12,920
Speaker 1: I want to do something, I want to change the country.

953
00:52:13,440 --> 00:52:15,640
Speaker 1: And the group that kind of became the catch all

954
00:52:16,160 --> 00:52:19,080
Speaker 1: for all of that energy was the Black Lives Matter

955
00:52:19,480 --> 00:52:25,200
Speaker 1: Global Foundation. They raised something like ninety million dollars, okay,

956
00:52:25,640 --> 00:52:29,640
Speaker 1: tens of millions of dollars flooding into this organization from

957
00:52:29,719 --> 00:52:32,600
Speaker 1: people who saw this atrocity and said, how can I

958
00:52:32,719 --> 00:52:35,520
Speaker 1: be a part of a solution? And lo and behold.

959
00:52:35,760 --> 00:52:38,120
Speaker 1: You know, now that we've gotten down the road, we've

960
00:52:38,239 --> 00:52:41,000
Speaker 1: learned a lot about the fact that first of all,

961
00:52:41,040 --> 00:52:44,680
Speaker 1: they were not supporting oftentimes the activists on the ground.

962
00:52:45,200 --> 00:52:49,200
Speaker 1: In this particular instance, what Sean Campbell's journalist is highlighting

963
00:52:49,840 --> 00:52:53,840
Speaker 1: is that they purchased a six million dollar house mansion

964
00:52:54,400 --> 00:52:56,600
Speaker 1: in California. If you look at the pictures of it,

965
00:52:56,640 --> 00:53:01,640
Speaker 1: which are available online, it's quite an extraordinary property. When

966
00:53:01,640 --> 00:53:03,880
Speaker 1: they were asked about what is this supposed to be

967
00:53:04,320 --> 00:53:07,640
Speaker 1: used for, they circulated this internal memo of like, oh

968
00:53:07,719 --> 00:53:09,200
Speaker 1: my god, how do we deal with this story? And

969
00:53:09,280 --> 00:53:10,920
Speaker 1: I just want to read to you this part because

970
00:53:10,920 --> 00:53:14,920
Speaker 1: I think this is very revealing. They say that on

971
00:53:15,040 --> 00:53:17,560
Speaker 1: March thirtieth, I asked the organization questions about the house,

972
00:53:17,600 --> 00:53:21,680
Speaker 1: which is known internally as Campus. Afterwards, leaders circulated an

973
00:53:21,760 --> 00:53:25,400
Speaker 1: internal strategy memo with possible responses ranging from can we

974
00:53:25,520 --> 00:53:28,320
Speaker 1: kill the story to quote our end goal needs to

975
00:53:28,400 --> 00:53:31,760
Speaker 1: be to deflate ownership of the property. The memo includes

976
00:53:31,800 --> 00:53:35,280
Speaker 1: bullet points explaining that quote Campus is part of cultural

977
00:53:35,440 --> 00:53:38,120
Speaker 1: arm of the org, potentially as an influencer house where

978
00:53:38,160 --> 00:53:41,640
Speaker 1: abolition based content is produced by artists and creatives. Another

979
00:53:41,719 --> 00:53:45,239
Speaker 1: bullet is headed accounting slash nine to ninety modifications that's

980
00:53:45,280 --> 00:53:48,719
Speaker 1: a nonprofit tax filing and reads in part, need to

981
00:53:48,800 --> 00:53:51,800
Speaker 1: first make sure it's legally okay to use as we

982
00:53:51,920 --> 00:53:54,800
Speaker 1: plan to use it. The memo also describes the property

983
00:53:54,840 --> 00:53:57,120
Speaker 1: as a quote safe house for leaders whose safety has

984
00:53:57,160 --> 00:53:59,960
Speaker 1: been threatened. The two notions that the house is simultaneously

985
00:54:00,120 --> 00:54:03,520
Speaker 1: a confidential refuge and a place for broadcasting to the

986
00:54:03,640 --> 00:54:07,479
Speaker 1: whitest possible audience are somewhat intentioned in the memo notes

987
00:54:07,680 --> 00:54:11,759
Speaker 1: holes in security, story use in public YouTube videos, because

988
00:54:11,800 --> 00:54:14,600
Speaker 1: this had been the setting of some public YouTube videos

989
00:54:14,680 --> 00:54:20,520
Speaker 1: that had posted to one of the founder's private YouTube accounts. Already, Again,

990
00:54:20,640 --> 00:54:23,160
Speaker 1: I want to emphasize that a lot of the concerns

991
00:54:23,360 --> 00:54:28,719
Speaker 1: about the mismanagement of funds came from local chapters and

992
00:54:28,880 --> 00:54:32,640
Speaker 1: on the ground organizers, some of whom are in poverty

993
00:54:32,719 --> 00:54:35,120
Speaker 1: struggling to make rent, some of whom have even been

994
00:54:35,440 --> 00:54:40,640
Speaker 1: made homeless because they haven't received support from the national

995
00:54:40,719 --> 00:54:43,799
Speaker 1: outlet that they're supposedly affiliated with. So you had ten

996
00:54:43,920 --> 00:54:46,399
Speaker 1: city chapters that issued a public statement back in twenty

997
00:54:46,520 --> 00:54:50,239
Speaker 1: twenty rebuking the Global Network for its opacity. You had

998
00:54:50,320 --> 00:54:53,480
Speaker 1: families of some black victims of police violence complaining that

999
00:54:53,520 --> 00:54:56,080
Speaker 1: they've seen little of the funds that have flowed to

1000
00:54:56,120 --> 00:54:59,040
Speaker 1: the movement's most visible facet. And let me go ahead

1001
00:54:59,040 --> 00:55:01,959
Speaker 1: and put the this original article up on the screen,

1002
00:55:02,000 --> 00:55:03,759
Speaker 1: because there's another piece of this that I think is

1003
00:55:04,480 --> 00:55:10,400
Speaker 1: really revealing, which is a local activist that this journalist,

1004
00:55:10,440 --> 00:55:14,200
Speaker 1: John Campbell, spoke with, talked about how he was planning

1005
00:55:14,480 --> 00:55:18,479
Speaker 1: a counter protest to like this KKK white nationalist rally

1006
00:55:18,520 --> 00:55:21,160
Speaker 1: that was happening in California, and so he was going

1007
00:55:21,239 --> 00:55:23,239
Speaker 1: to go as a more militant action, be there on

1008
00:55:23,400 --> 00:55:27,480
Speaker 1: the ground, counter protesting, kind of in their faces, really

1009
00:55:27,560 --> 00:55:30,680
Speaker 1: standing directly up to the face of hatred in America.

1010
00:55:31,200 --> 00:55:34,000
Speaker 1: And not only did the National Organization not support him,

1011
00:55:34,320 --> 00:55:38,840
Speaker 1: they actually told him to stand down. Why because on

1012
00:55:38,960 --> 00:55:43,680
Speaker 1: the same day, the National Organization was doing an online

1013
00:55:44,400 --> 00:55:49,640
Speaker 1: f white supremacy, Let's get free streaming event sponsored by UGG,

1014
00:55:50,000 --> 00:55:55,560
Speaker 1: the California boot company, described as a worldwide electric slide.

1015
00:55:56,120 --> 00:55:59,520
Speaker 1: So instead of doing the on the ground, in your face,

1016
00:55:59,760 --> 00:56:03,840
Speaker 1: more militant direct local action, they're saying, no, no, no,

1017
00:56:04,680 --> 00:56:07,120
Speaker 1: you can't do that because we want to do our

1018
00:56:07,239 --> 00:56:12,000
Speaker 1: corporate UG sponsored electric slide competition. And I'll remind you

1019
00:56:12,200 --> 00:56:16,960
Speaker 1: that the founders here describe themselves as Marxist, So that's

1020
00:56:17,040 --> 00:56:19,279
Speaker 1: what's going on. There's a lot of questions about how

1021
00:56:19,360 --> 00:56:21,800
Speaker 1: this money, what has happened with this money. They have

1022
00:56:22,040 --> 00:56:25,240
Speaker 1: not filed the forms that you know, should have revealed

1023
00:56:25,680 --> 00:56:27,719
Speaker 1: where the money went and how they have spent it.

1024
00:56:27,960 --> 00:56:31,120
Speaker 1: And however you feel about Black Lives Matter, you know,

1025
00:56:31,239 --> 00:56:34,040
Speaker 1: this started as a sort of more radical organization that

1026
00:56:34,120 --> 00:56:36,880
Speaker 1: had a fundamental critique that I really agree with that

1027
00:56:37,000 --> 00:56:40,239
Speaker 1: had to do with wages and housing and labor and

1028
00:56:40,400 --> 00:56:44,160
Speaker 1: actual true freedom. And now it's like devolved into this

1029
00:56:45,160 --> 00:56:50,759
Speaker 1: corporate managed thing where they're buying million dollar mansions and

1030
00:56:50,880 --> 00:56:53,640
Speaker 1: leaving the local organizers to hang out to dry. And

1031
00:56:53,760 --> 00:56:57,000
Speaker 1: it is really sad because you genuinely had people who

1032
00:56:57,080 --> 00:56:59,600
Speaker 1: were good hearted, who thought they were doing the right thing,

1033
00:56:59,800 --> 00:57:01,759
Speaker 1: and I don't think this is how they expected their

1034
00:57:01,760 --> 00:57:03,680
Speaker 1: funds to be spent. I think that's the most discussing

1035
00:57:03,760 --> 00:57:06,120
Speaker 1: part about it. Look, I mean not a secret how

1036
00:57:06,160 --> 00:57:08,719
Speaker 1: I feel about BLM, But at the end of the day,

1037
00:57:08,920 --> 00:57:11,840
Speaker 1: it's a free country and people's money is being donated

1038
00:57:11,920 --> 00:57:13,920
Speaker 1: to something that they care about, and it's a scam.

1039
00:57:14,160 --> 00:57:16,600
Speaker 1: This is really the problem, which is that these people

1040
00:57:16,720 --> 00:57:19,680
Speaker 1: stole millions of dollars and are misusing it. What's even

1041
00:57:19,720 --> 00:57:22,920
Speaker 1: more disgusting is that the reporter, Sean Campbell, himself as

1042
00:57:22,960 --> 00:57:26,120
Speaker 1: a black man, was accused of racism for reporting axism

1043
00:57:26,280 --> 00:57:28,840
Speaker 1: and sexism. Yeah, called him a racist and a sexist

1044
00:57:29,160 --> 00:57:32,800
Speaker 1: for reporting on their stealing. Let's call it what it is, okay,

1045
00:57:32,840 --> 00:57:35,280
Speaker 1: alleged for the lawyers of BLM. Because I'm sure they

1046
00:57:35,320 --> 00:57:38,760
Speaker 1: can afford it. It's people who literally took this money,

1047
00:57:39,120 --> 00:57:43,080
Speaker 1: misused it, putting all these corporate dealings, refuse to answer

1048
00:57:43,160 --> 00:57:46,240
Speaker 1: any of the questions. But I really encourage everybody to

1049
00:57:46,280 --> 00:57:49,360
Speaker 1: go and read both of these New York Magazine articles

1050
00:57:49,480 --> 00:57:52,480
Speaker 1: because on both of them it's they're both multi thousand

1051
00:57:52,520 --> 00:57:57,480
Speaker 1: words and when you see they're conspiring about how to

1052
00:57:57,600 --> 00:58:02,360
Speaker 1: paint those mansions, you're like, this is insane. There's another

1053
00:58:02,400 --> 00:58:05,400
Speaker 1: piece of this that's insane, which is that. So the

1054
00:58:05,520 --> 00:58:08,360
Speaker 1: New York Post, i think, was the first outlet to

1055
00:58:08,720 --> 00:58:12,240
Speaker 1: report on one of the founders, Patrise Cullers had bought

1056
00:58:12,440 --> 00:58:16,080
Speaker 1: like three different houses, and they reported on this, and

1057
00:58:16,640 --> 00:58:20,040
Speaker 1: she managed to use her connections to get this labeled

1058
00:58:20,120 --> 00:58:23,880
Speaker 1: as abusive content and you can't post it on Facebook,

1059
00:58:24,120 --> 00:58:27,800
Speaker 1: meadow at our pallet's called now, which is also pretty extraordinary.

1060
00:58:27,840 --> 00:58:30,160
Speaker 1: I do want to read in part her response so

1061
00:58:30,240 --> 00:58:33,000
Speaker 1: we can be even handed here. She says, and by

1062
00:58:33,040 --> 00:58:35,600
Speaker 1: the way, she's no longer with the organization. Basically, after

1063
00:58:36,040 --> 00:58:40,880
Speaker 1: the first questions of financial mismanagement came out, she stepped down,

1064
00:58:41,000 --> 00:58:43,479
Speaker 1: Slash was forced down, and we'll get to who's taken

1065
00:58:43,560 --> 00:58:46,800
Speaker 1: over the organization now, which is also very revealing, But

1066
00:58:46,960 --> 00:58:49,520
Speaker 1: what she said in part is yesterday's article in New

1067
00:58:49,600 --> 00:58:52,680
Speaker 1: York Magazine is a despicable abuse of a platform that's

1068
00:58:52,720 --> 00:58:55,960
Speaker 1: intended to provide truthful information in the public. Journalism is

1069
00:58:56,000 --> 00:58:59,320
Speaker 1: supposed to mitigate harm and inform our communities. That the

1070
00:58:59,440 --> 00:59:02,680
Speaker 1: fact that a reputable publication would allow a reporter with

1071
00:59:02,800 --> 00:59:05,840
Speaker 1: a ravery proven and public bias against me and other

1072
00:59:06,000 --> 00:59:09,840
Speaker 1: black leaders to write a piece filled with misinformation, innuendo,

1073
00:59:09,960 --> 00:59:14,160
Speaker 1: and incendiary opinions is disheartening and unacceptable. I think the

1074
00:59:14,320 --> 00:59:17,240
Speaker 1: truth is the fact that there has been so little

1075
00:59:17,320 --> 00:59:21,720
Speaker 1: reporting on this is really kind of a disgrace. And

1076
00:59:21,840 --> 00:59:24,920
Speaker 1: we see the way that Sean has been treated here

1077
00:59:25,200 --> 00:59:29,520
Speaker 1: smeared as personally like racist and misogynistic, tells you why

1078
00:59:29,760 --> 00:59:33,520
Speaker 1: people haven't wanted to touch this. And again, the original

1079
00:59:33,600 --> 00:59:37,040
Speaker 1: complaints didn't come from journalists, didn't come from right wing

1080
00:59:37,240 --> 00:59:39,520
Speaker 1: or New York Post or any of that. It came

1081
00:59:39,640 --> 00:59:43,320
Speaker 1: from the organizers on the ground, ten City chapters and

1082
00:59:43,600 --> 00:59:47,840
Speaker 1: mothers who had lost their sons to police violence, who said,

1083
00:59:47,880 --> 00:59:50,920
Speaker 1: don't use our names anymore for your fundraising. That's where

1084
00:59:50,920 --> 00:59:54,680
Speaker 1: the original concerns came from. They have taken donate links

1085
00:59:54,800 --> 00:59:57,240
Speaker 1: off of their website. Amazon has kicked them off of

1086
00:59:57,440 --> 01:00:01,920
Speaker 1: their partnership program thing. So this is this is definitely

1087
01:00:01,960 --> 01:00:05,440
Speaker 1: a real story. And again what I want to impress

1088
01:00:05,600 --> 01:00:09,520
Speaker 1: upon you is that it is really unfair to the

1089
01:00:09,600 --> 01:00:12,160
Speaker 1: people who gave money and thought that it was going

1090
01:00:12,280 --> 01:00:15,400
Speaker 1: to go to on the ground organizing and actual local

1091
01:00:15,480 --> 01:00:18,480
Speaker 1: politics and instead been used in these other ways. So

1092
01:00:18,560 --> 01:00:20,840
Speaker 1: the last piece of this that hearkens back to what

1093
01:00:20,920 --> 01:00:22,520
Speaker 1: I was saying about. I don't know why I'm saying

1094
01:00:22,520 --> 01:00:24,520
Speaker 1: the word hearkens today a lot, but anyway, that's why

1095
01:00:24,560 --> 01:00:28,520
Speaker 1: I we that hearkens back to what I was saying

1096
01:00:28,560 --> 01:00:33,120
Speaker 1: about the ug corporate sponsored electric slide competition. Is now

1097
01:00:33,280 --> 01:00:37,120
Speaker 1: you officially have had a Clinton world takeover of Black

1098
01:00:37,160 --> 01:00:40,400
Speaker 1: Lives Matter, making it sort of officially into this just

1099
01:00:40,560 --> 01:00:45,120
Speaker 1: like hollow corporate controlled neoliberal thing from whatever it's radical

1100
01:00:45,480 --> 01:00:49,320
Speaker 1: Marxist roots originally were. Let's put this tear sheet up

1101
01:00:49,360 --> 01:00:53,840
Speaker 1: on the screen. So the lawyer now for this organization

1102
01:00:54,040 --> 01:00:57,000
Speaker 1: that is trying to keep them out of any sort

1103
01:00:57,000 --> 01:01:00,160
Speaker 1: of legal jeopardy and clean up whatever financial messages there

1104
01:01:00,200 --> 01:01:03,400
Speaker 1: are to clean up is Mark Ellios? Is that how

1105
01:01:03,440 --> 01:01:06,440
Speaker 1: you say his last name? Best known for his funding

1106
01:01:06,680 --> 01:01:11,360
Speaker 1: of the Steel dossier. This guy was a Clinton lawyer

1107
01:01:12,160 --> 01:01:15,360
Speaker 1: funding the Steel dossier, and now he's been brought in

1108
01:01:15,560 --> 01:01:20,560
Speaker 1: as official legal counsel. But there's more. Mignon Moore, who

1109
01:01:20,600 --> 01:01:22,160
Speaker 1: I don't know if you guys know who she is,

1110
01:01:22,280 --> 01:01:27,080
Speaker 1: but she is a long time like DCA lister Clinton

1111
01:01:27,200 --> 01:01:32,000
Speaker 1: World operative with Bill and with Hillary. She has now

1112
01:01:32,120 --> 01:01:36,120
Speaker 1: been brought on to the board of directors. So to me,

1113
01:01:36,320 --> 01:01:39,320
Speaker 1: it really is sad because any sort of radical critique

1114
01:01:39,320 --> 01:01:43,440
Speaker 1: here that was more fundamental, that was about wages, houses, unions,

1115
01:01:43,680 --> 01:01:47,120
Speaker 1: labor and racial justice, that has all been you know,

1116
01:01:47,480 --> 01:01:50,800
Speaker 1: sort of like capitalist critique that has now clearly all

1117
01:01:50,920 --> 01:01:55,880
Speaker 1: been stripped aside. And it's a completely corporate aligned entity

1118
01:01:56,080 --> 01:01:57,840
Speaker 1: at this point. Yeah, I mean, I would think that's

1119
01:01:57,880 --> 01:02:00,480
Speaker 1: probably the enduring legacy of what a lot of this is.

1120
01:02:00,720 --> 01:02:02,840
Speaker 1: And that's sad if you did care about that in

1121
01:02:02,920 --> 01:02:04,800
Speaker 1: the beginning. So I think you can just look at this.

1122
01:02:05,080 --> 01:02:08,840
Speaker 1: It's a really it's a gigantic scam perpetrated on a

1123
01:02:08,920 --> 01:02:10,880
Speaker 1: lot of well meaning people. I mean, like I said,

1124
01:02:10,960 --> 01:02:13,360
Speaker 1: I even disagree, but a lot of my neighbors have

1125
01:02:13,480 --> 01:02:16,600
Speaker 1: BLM stickers and stuff, and they I'm sure donated a

1126
01:02:16,640 --> 01:02:19,280
Speaker 1: lot of money to these campaigns, and that's wrong. Look,

1127
01:02:19,360 --> 01:02:22,160
Speaker 1: that's you know, these hardworking people's money, and it's misused

1128
01:02:22,360 --> 01:02:24,960
Speaker 1: from what they wanted. And I think that anything that

1129
01:02:25,120 --> 01:02:28,280
Speaker 1: is used towards that end is just completely wrong. It's

1130
01:02:28,360 --> 01:02:32,720
Speaker 1: just wrong and morally in order to exploit somebody's legitimate

1131
01:02:33,000 --> 01:02:35,680
Speaker 1: or illegitimate moral outrage and then take their money and

1132
01:02:35,880 --> 01:02:38,680
Speaker 1: use it for nefarious purposes and then have the audacity

1133
01:02:38,760 --> 01:02:40,480
Speaker 1: to call somebody a racism I mean, look, I think

1134
01:02:40,520 --> 01:02:44,520
Speaker 1: everybody's outrage over what happened at George Floyd was extremely legitimate.

1135
01:02:44,640 --> 01:02:48,200
Speaker 1: I mean, it really was this sort of like revealing

1136
01:02:48,800 --> 01:02:53,800
Speaker 1: moment of grappling with how abusive and unfair and racist

1137
01:02:54,000 --> 01:02:57,160
Speaker 1: this system can be. And so when you have that,

1138
01:02:57,440 --> 01:03:01,160
Speaker 1: I think part of what happened too is because you

1139
01:03:01,320 --> 01:03:05,479
Speaker 1: didn't have a lot of like specific political aims. Okay,

1140
01:03:05,520 --> 01:03:08,560
Speaker 1: here's the agenda, it made it very easy to be

1141
01:03:08,680 --> 01:03:11,640
Speaker 1: captured by the Jamie Diamonds of the world, and you know,

1142
01:03:11,840 --> 01:03:14,680
Speaker 1: to be like channeled by Nancy Pelosi Kneeling and Kintake

1143
01:03:14,760 --> 01:03:18,000
Speaker 1: Loth because they were able to sort of make it

1144
01:03:18,160 --> 01:03:21,120
Speaker 1: whatever was convenient for them. And now you see the

1145
01:03:21,280 --> 01:03:24,880
Speaker 1: end stage of that with Clinton people taking over the

1146
01:03:25,000 --> 01:03:28,160
Speaker 1: organization and just like two, these people are like rats.

1147
01:03:28,240 --> 01:03:30,960
Speaker 1: They really do find themselves. Oh it's it's sad. Okay,

1148
01:03:31,120 --> 01:03:33,680
Speaker 1: let's move on the fun story, the fun block. We

1149
01:03:33,800 --> 01:03:37,480
Speaker 1: got some numbers on CNN Plus and it's even worse

1150
01:03:37,560 --> 01:03:40,120
Speaker 1: than we possibly thought. Yes, this is from tech Crunch.

1151
01:03:40,320 --> 01:03:44,000
Speaker 1: Actually so not some crazy outlet that looked into a

1152
01:03:44,040 --> 01:03:45,800
Speaker 1: little bit of how their launch is going. Let's put

1153
01:03:45,800 --> 01:03:48,480
Speaker 1: this up there on the screen. CNN Plus launch on

1154
01:03:48,560 --> 01:03:52,440
Speaker 1: April twenty ninth, and is already showing mediocre results in

1155
01:03:52,600 --> 01:03:57,520
Speaker 1: terms of standalone molatively kind character at least its initial

1156
01:03:57,600 --> 01:04:01,280
Speaker 1: figures that show the CNN app, which now houses the

1157
01:04:01,320 --> 01:04:06,000
Speaker 1: streaming service, added about eighteen thousand installs on the day

1158
01:04:06,120 --> 01:04:09,760
Speaker 1: of launch. During the seven days ending on March twenty second,

1159
01:04:10,000 --> 01:04:13,560
Speaker 1: it had an average of nine thousand installs per day. Now,

1160
01:04:13,640 --> 01:04:16,680
Speaker 1: the reason this matters is because, as we already showed you,

1161
01:04:17,160 --> 01:04:22,440
Speaker 1: CNN is already throwing millions of dollars in subsidy towards

1162
01:04:22,480 --> 01:04:26,120
Speaker 1: their lifetime subscription on this and another one that they

1163
01:04:26,200 --> 01:04:29,000
Speaker 1: point to within here Crystal, which is crazy, is that

1164
01:04:29,200 --> 01:04:33,720
Speaker 1: one person familiar with the numbers said that WarnerMedia has

1165
01:04:33,800 --> 01:04:40,720
Speaker 1: spent one hundred million dollars already to market CNN Plus.

1166
01:04:41,120 --> 01:04:43,840
Speaker 1: And just to remind you from the internal numbers already

1167
01:04:43,880 --> 01:04:48,360
Speaker 1: reported over at puck News, they need five million people

1168
01:04:48,800 --> 01:04:51,360
Speaker 1: to sign up for this thing in the first year

1169
01:04:51,720 --> 01:04:55,840
Speaker 1: and ten million overall in order to make it commercially viable.

1170
01:04:56,160 --> 01:04:58,560
Speaker 1: That's insane. That's not going to happen. That would be

1171
01:04:58,640 --> 01:05:01,720
Speaker 1: on par with a legitimate cable membership. And so when

1172
01:05:01,760 --> 01:05:05,160
Speaker 1: you look at this and you see the number of installs,

1173
01:05:05,400 --> 01:05:09,400
Speaker 1: it's a relatively good proxy for the level of enthusiasm.

1174
01:05:10,080 --> 01:05:12,480
Speaker 1: And if the one hundred million can only buy you

1175
01:05:13,120 --> 01:05:16,520
Speaker 1: of fifty percent overall baseline increase in the installation of

1176
01:05:16,560 --> 01:05:19,600
Speaker 1: the app, and that doesn't necessarily tell us the actual subscription,

1177
01:05:19,880 --> 01:05:22,360
Speaker 1: but is pretty directly correlated. As they point to here,

1178
01:05:22,680 --> 01:05:25,760
Speaker 1: this is a total disaster. It honestly gigantic disaster. It

1179
01:05:25,840 --> 01:05:28,880
Speaker 1: honestly might overstate the subscription. They go out on their

1180
01:05:28,920 --> 01:05:30,600
Speaker 1: way in this article to say this isn't a complete

1181
01:05:30,600 --> 01:05:32,600
Speaker 1: picture because there's other ways to access it, et cetera,

1182
01:05:32,600 --> 01:05:36,000
Speaker 1: et cetera. But as you all know, just downloading an

1183
01:05:36,040 --> 01:05:38,760
Speaker 1: app doesn't mean that you actually put in your credit

1184
01:05:38,800 --> 01:05:42,200
Speaker 1: card number and paid for the service. You can download

1185
01:05:42,240 --> 01:05:44,080
Speaker 1: the app and then open it up and be like,

1186
01:05:44,200 --> 01:05:45,880
Speaker 1: oh shit, I gotta pay for this, no thank you.

1187
01:05:46,440 --> 01:05:50,320
Speaker 1: That happens a lot. So even the eighteen eighteen thousand

1188
01:05:50,400 --> 01:05:55,280
Speaker 1: guys that is nothing on the first day is potentially

1189
01:05:55,440 --> 01:05:59,240
Speaker 1: an overstatement of the number of subscriptions that they actually got.

1190
01:05:59,520 --> 01:06:04,040
Speaker 1: And not only was their marketing budget one hundred million dollars,

1191
01:06:04,320 --> 01:06:06,640
Speaker 1: which is more than what the network apparently typically spends

1192
01:06:06,640 --> 01:06:09,760
Speaker 1: in a year, CNN execs said that the launch budget

1193
01:06:09,920 --> 01:06:14,360
Speaker 1: was two hundred and fifty million dollars, a quarter of

1194
01:06:14,560 --> 01:06:19,160
Speaker 1: a billion dollars to get like ten thousand subscribed. And

1195
01:06:19,360 --> 01:06:21,480
Speaker 1: here's the other one, Crystal, which they point to just

1196
01:06:21,600 --> 01:06:24,120
Speaker 1: in order to give everybody a good proxy, which is

1197
01:06:24,200 --> 01:06:27,440
Speaker 1: that on the remember Quibbi, that failed video app, they

1198
01:06:27,480 --> 01:06:30,040
Speaker 1: spent over a million. Yeah, guess what, they had three

1199
01:06:30,120 --> 01:06:33,320
Speaker 1: hundred thousand install on their app on the very first day,

1200
01:06:33,680 --> 01:06:38,280
Speaker 1: when Disney Plus reached four million on their very first day.

1201
01:06:38,560 --> 01:06:42,560
Speaker 1: So CNN is now with eighteen thousand on its very

1202
01:06:42,600 --> 01:06:46,440
Speaker 1: first day. Catastrophe. Yeah, and again that doesn't even mean

1203
01:06:46,480 --> 01:06:50,439
Speaker 1: that those people are paying getting beat by Quibi. That's bad. Yeah,

1204
01:06:50,600 --> 01:06:52,960
Speaker 1: not just getting beat, getting beat like many times over.

1205
01:06:53,120 --> 01:06:57,840
Speaker 1: So okay. According to the CEO, Jason Kylar, when he

1206
01:06:57,960 --> 01:07:00,920
Speaker 1: was asked about CNN Plus, he won't get you any numbers,

1207
01:07:01,240 --> 01:07:04,120
Speaker 1: but he says it is ahead of my expectations in

1208
01:07:04,240 --> 01:07:08,120
Speaker 1: terms of where the subscribers are credible. The other person says,

1209
01:07:08,520 --> 01:07:11,080
Speaker 1: we are off to a very strong start. I couldn't

1210
01:07:11,120 --> 01:07:14,600
Speaker 1: feel better about the journalism, the storytelling, the team, the

1211
01:07:14,720 --> 01:07:19,960
Speaker 1: product experience. And they also said that they were very happy.

1212
01:07:20,440 --> 01:07:22,720
Speaker 1: This is a statement from the company. We are very

1213
01:07:22,840 --> 01:07:25,000
Speaker 1: happy with the launch of CNN Plus and are for

1214
01:07:25,160 --> 01:07:27,680
Speaker 1: they underlined and bolded very by the way, our first

1215
01:07:27,720 --> 01:07:30,520
Speaker 1: week's performance is well ahead of expectations. You know, it's true.

1216
01:07:30,960 --> 01:07:34,520
Speaker 1: Audience has already indicated their love and interest of our programming,

1217
01:07:34,600 --> 01:07:37,000
Speaker 1: and we will continue to serve them more of it.

1218
01:07:37,160 --> 01:07:40,240
Speaker 1: We cannot comment on subscriber numbers as they are not

1219
01:07:40,440 --> 01:07:43,280
Speaker 1: public at this time. If they were really happy with

1220
01:07:43,360 --> 01:07:46,000
Speaker 1: the numbers, you would know it. They would be all over.

1221
01:07:46,680 --> 01:07:50,919
Speaker 1: Of course they would, and that is how every business operates. Look,

1222
01:07:51,400 --> 01:07:55,000
Speaker 1: it's obvious that this is a colossal boondoggle and a failure.

1223
01:07:55,320 --> 01:07:57,880
Speaker 1: And I have been watching some of the stuff that

1224
01:07:57,920 --> 01:08:00,880
Speaker 1: they at least put out publicly. There we're talking about

1225
01:08:01,200 --> 01:08:04,320
Speaker 1: Reliable Sources Daily with Brian Stelter. This is a man

1226
01:08:04,360 --> 01:08:07,000
Speaker 1: whose own show's ratings went up whenever he went on vacation,

1227
01:08:07,360 --> 01:08:09,760
Speaker 1: So now they have him on a daily and in

1228
01:08:09,880 --> 01:08:11,920
Speaker 1: terms of the people that he's booking, I mean, these

1229
01:08:11,960 --> 01:08:14,520
Speaker 1: are absolutely I was just telling you today the latest

1230
01:08:14,520 --> 01:08:17,519
Speaker 1: segment for Reliable Sources Daily is like straight white men

1231
01:08:17,560 --> 01:08:19,400
Speaker 1: are doing too well in this world. I'm like, oh, wow,

1232
01:08:19,479 --> 01:08:21,519
Speaker 1: that's some content I really got to pay for. Can't

1233
01:08:21,520 --> 01:08:24,600
Speaker 1: hear that for free in our current media environment? It

1234
01:08:24,800 --> 01:08:27,400
Speaker 1: just shows you the Jake Tapper book Club. I mean

1235
01:08:27,439 --> 01:08:32,000
Speaker 1: they're flying to Los Angeles filming these things at crowded restaurants.

1236
01:08:32,200 --> 01:08:35,040
Speaker 1: They've got Dolly parton. Wow, I've never heard that one before.

1237
01:08:35,600 --> 01:08:38,519
Speaker 1: Chris Wallace. Have you guys heard of any of the

1238
01:08:38,640 --> 01:08:40,680
Speaker 1: interviews that the man has done? He had some like

1239
01:08:40,800 --> 01:08:44,599
Speaker 1: congressman or whatever on the show. William Shatner, Wow, I'm

1240
01:08:44,640 --> 01:08:47,880
Speaker 1: gonna pay for that, you know. I what was our

1241
01:08:47,960 --> 01:08:50,760
Speaker 1: launch budgets? On our launch budget? How much did we

1242
01:08:50,840 --> 01:08:53,519
Speaker 1: pay for the table? This was like this like ten brand. Yeah,

1243
01:08:53,800 --> 01:08:55,320
Speaker 1: this was like ten grand, which we had to put

1244
01:08:55,360 --> 01:08:57,800
Speaker 1: on the on the credit card. What else I guess

1245
01:08:57,840 --> 01:09:00,519
Speaker 1: the rest of the set, all the other startups expenses,

1246
01:09:00,800 --> 01:09:04,479
Speaker 1: I don't know, probably fifty yeah, anything like that, which

1247
01:09:04,600 --> 01:09:08,240
Speaker 1: was a lot which was of heavy lift, the heavy

1248
01:09:08,320 --> 01:09:11,800
Speaker 1: lift looking at the credit card and secure the studios.

1249
01:09:12,680 --> 01:09:14,960
Speaker 1: I guess it was about fifty grand, yeah, yeah, which

1250
01:09:15,120 --> 01:09:17,240
Speaker 1: so I can't do the math, but we could figure

1251
01:09:17,240 --> 01:09:20,080
Speaker 1: out what a percentage of two hundred and fifty million

1252
01:09:20,760 --> 01:09:23,840
Speaker 1: that is. I mean, the thing is they're just they're

1253
01:09:23,960 --> 01:09:27,280
Speaker 1: like high on their own supply. No one outside of

1254
01:09:27,400 --> 01:09:30,400
Speaker 1: the CNN building would think that people would pay for this,

1255
01:09:30,880 --> 01:09:34,760
Speaker 1: Like you have a network that is basically like on

1256
01:09:34,960 --> 01:09:37,720
Speaker 1: in the background as a default that in no way

1257
01:09:37,880 --> 01:09:42,360
Speaker 1: indicates that people care about what You're totally interchangeable and

1258
01:09:42,400 --> 01:09:45,280
Speaker 1: forgettable personalities have to say yeah, you know. And so

1259
01:09:46,280 --> 01:09:51,879
Speaker 1: they just fundamentally misunderstood what it looks like to compete

1260
01:09:51,960 --> 01:09:55,280
Speaker 1: in an actual marketplace. I mean, they basically have like

1261
01:09:55,680 --> 01:09:59,400
Speaker 1: a sort of monopoly position in terms of the CNN

1262
01:09:59,720 --> 01:10:02,840
Speaker 1: Cave channel, where it's just the default. It's a rigged market.

1263
01:10:02,960 --> 01:10:05,160
Speaker 1: People have very few choices, and that's what's on at

1264
01:10:05,200 --> 01:10:08,080
Speaker 1: the airport or whatever. When you actually have to get

1265
01:10:08,160 --> 01:10:12,600
Speaker 1: people to affirmatively choose to watch your content. That is

1266
01:10:12,640 --> 01:10:16,680
Speaker 1: an entirely different ballgame, And especially when you look at

1267
01:10:16,760 --> 01:10:19,080
Speaker 1: like the ratings on the thing that people have no

1268
01:10:19,240 --> 01:10:23,240
Speaker 1: choice but to watch are dismal and terrible. So what

1269
01:10:23,479 --> 01:10:26,080
Speaker 1: made you think that it was worth spending a quarter

1270
01:10:26,120 --> 01:10:28,479
Speaker 1: of a billion dollars on just like more of that?

1271
01:10:29,160 --> 01:10:32,240
Speaker 1: It really is mind boggling, and I think once again

1272
01:10:32,360 --> 01:10:35,240
Speaker 1: is a very compelling case against the idea that we

1273
01:10:35,320 --> 01:10:38,080
Speaker 1: have anything approaching a meritocracy in this country because the

1274
01:10:38,160 --> 01:10:41,040
Speaker 1: people that are running the show, they are not too

1275
01:10:41,120 --> 01:10:43,519
Speaker 1: quick on the uptake here. Yeah, they're not up quick

1276
01:10:43,640 --> 01:10:46,200
Speaker 1: as at all. And remember, you know, they're so desperate.

1277
01:10:46,240 --> 01:10:49,120
Speaker 1: They're buying dynamic ads that ended up somehow on our

1278
01:10:49,200 --> 01:10:51,560
Speaker 1: Breaking Points podcast just to show you that we have

1279
01:10:51,680 --> 01:10:54,639
Speaker 1: no say over that, because they're trying to target all

1280
01:10:54,720 --> 01:10:57,400
Speaker 1: of you. It is just funny. It's because again I

1281
01:10:57,520 --> 01:11:00,400
Speaker 1: said it, but the only reason that we are even

1282
01:11:00,439 --> 01:11:03,519
Speaker 1: able to thrive, be successful and have an audience is

1283
01:11:03,600 --> 01:11:06,680
Speaker 1: because they suck so much. But they don't seem to

1284
01:11:06,880 --> 01:11:10,880
Speaker 1: understand that the entire existence of alternative and independent media

1285
01:11:11,280 --> 01:11:15,720
Speaker 1: is a direct response to the utter vacuousness of the

1286
01:11:15,840 --> 01:11:19,679
Speaker 1: current mainstream so just again, that's how it is. They'll

1287
01:11:19,800 --> 01:11:23,280
Speaker 1: never learn their lesson in terms of how they are

1288
01:11:23,640 --> 01:11:27,840
Speaker 1: so reviled by the actual free market. And don't forget

1289
01:11:28,040 --> 01:11:30,320
Speaker 1: they're going to try and rig this, Yeah, because they

1290
01:11:30,360 --> 01:11:32,240
Speaker 1: are going to try and make it so that they'll

1291
01:11:32,240 --> 01:11:34,880
Speaker 1: try and cancel all their opponents. They're going to fake

1292
01:11:34,920 --> 01:11:36,840
Speaker 1: their numbers, They're probably going to roll it in to

1293
01:11:37,120 --> 01:11:39,600
Speaker 1: HBO Max. And the reason this matters is because this

1294
01:11:39,800 --> 01:11:41,840
Speaker 1: is the future. They know they're dying, they know that

1295
01:11:41,920 --> 01:11:44,439
Speaker 1: streaming is the future, and they know they're going to lose.

1296
01:11:44,640 --> 01:11:46,000
Speaker 1: And so what do you do when you have a

1297
01:11:46,080 --> 01:11:49,240
Speaker 1: goblet of money from a fake, rigged system like cable,

1298
01:11:49,640 --> 01:11:51,200
Speaker 1: what do you do you spend that in order to

1299
01:11:51,200 --> 01:11:54,040
Speaker 1: crush your opponents. Yeah, no, that's right. Their lesson from

1300
01:11:54,400 --> 01:11:56,800
Speaker 1: wasting two hundred and fifty million dollars on this launch

1301
01:11:56,920 --> 01:11:58,439
Speaker 1: is not going to be, oh, maybe we should try

1302
01:11:58,479 --> 01:12:00,519
Speaker 1: a different approach. It's going to be how do we

1303
01:12:00,680 --> 01:12:03,360
Speaker 1: rig this system the way that we rigged the other

1304
01:12:03,479 --> 01:12:06,040
Speaker 1: system that will be That will be the direction that

1305
01:12:06,080 --> 01:12:07,400
Speaker 1: they go in. And you already see it. I mean,

1306
01:12:07,400 --> 01:12:09,679
Speaker 1: that's part of what this whole censorship push is about,

1307
01:12:10,200 --> 01:12:13,639
Speaker 1: is to push anything that's not the elite sanctioned media

1308
01:12:14,040 --> 01:12:16,400
Speaker 1: out of the mainstream and make it yucky and make

1309
01:12:16,439 --> 01:12:19,120
Speaker 1: it unacceptable, and suppress it in the algorithm and make

1310
01:12:19,160 --> 01:12:21,400
Speaker 1: it so you can't find it. They're just going to

1311
01:12:21,439 --> 01:12:24,559
Speaker 1: continue to go in that direction. So even though it's

1312
01:12:24,600 --> 01:12:26,800
Speaker 1: fun to laugh at and it's a dramatic failure, it

1313
01:12:26,880 --> 01:12:29,560
Speaker 1: does not mean that it doesn't also pose an existential

1314
01:12:29,600 --> 01:12:34,560
Speaker 1: threat to independent media. All right, saga, what are you

1315
01:12:34,560 --> 01:12:36,280
Speaker 1: looking at? Well, we spent a lot of time on

1316
01:12:36,320 --> 01:12:39,920
Speaker 1: the show repeating a fundamental aximum axiom, follow the money.

1317
01:12:40,200 --> 01:12:42,240
Speaker 1: It's not always answer, but nine times out of ten

1318
01:12:42,439 --> 01:12:45,120
Speaker 1: it is to whatever happens in politics that's right before

1319
01:12:45,160 --> 01:12:47,439
Speaker 1: your eye. It's especially the case in the story that

1320
01:12:47,479 --> 01:12:50,040
Speaker 1: we're going to look at today, the remarkable rise of

1321
01:12:50,120 --> 01:12:54,320
Speaker 1: Stacy Abrams financially, the failed gubernatorial candidate who parlayed her

1322
01:12:54,400 --> 01:12:58,240
Speaker 1: failure into national prominence and another shot at the governor's race.

1323
01:12:58,439 --> 01:13:02,200
Speaker 1: While running on a whole bunch of nothing to douesday morning,

1324
01:13:02,320 --> 01:13:04,880
Speaker 1: while preparing for that day's show, I came across a

1325
01:13:05,000 --> 01:13:09,479
Speaker 1: very interesting article. Headline reads, Stacey Abrams researched millionaire status

1326
01:13:09,560 --> 01:13:13,720
Speaker 1: before second campaign. Hmm, that's interesting. Let's dig deeper. Well.

1327
01:13:13,880 --> 01:13:16,680
Speaker 1: As I pointed out here, Abrams now says she is

1328
01:13:16,760 --> 01:13:20,599
Speaker 1: worth three point one seven million dollars according to state

1329
01:13:20,680 --> 01:13:23,559
Speaker 1: disclosures filed in March. That is compared with a net

1330
01:13:23,640 --> 01:13:26,600
Speaker 1: worth of one hundred and nine thousand dollars when she

1331
01:13:26,680 --> 01:13:29,640
Speaker 1: first ran four years ago. Even more remarkable when you

1332
01:13:29,720 --> 01:13:32,320
Speaker 1: consider this, when she ran for governor last time in

1333
01:13:32,360 --> 01:13:36,280
Speaker 1: twenty eighteen, she actually had fifty grand in unpaid taxes

1334
01:13:36,320 --> 01:13:40,599
Speaker 1: to the irs and an additional one hundred and seventy

1335
01:13:40,720 --> 01:13:43,680
Speaker 1: thousand dollars in credit card debt and student loan debt.

1336
01:13:44,000 --> 01:13:47,280
Speaker 1: In other words, in twenty eighteen, she was worth negative money.

1337
01:13:47,560 --> 01:13:52,160
Speaker 1: Today she's a multimillionaire. Wow. Classic American rags to riches story,

1338
01:13:52,600 --> 01:13:55,920
Speaker 1: except she has never built or done anything except be

1339
01:13:55,960 --> 01:13:58,960
Speaker 1: a failed politician. Honest work. I guess if you can

1340
01:13:59,040 --> 01:14:01,759
Speaker 1: get it to increase your net worth by thirty times

1341
01:14:01,880 --> 01:14:05,320
Speaker 1: in less than four years. Let's review how exactly Stacy

1342
01:14:05,400 --> 01:14:09,000
Speaker 1: made her money. Per her campaign spokesperson, Abrams made her

1343
01:14:09,040 --> 01:14:11,960
Speaker 1: money the good old American way. She gave thirty seven

1344
01:14:12,040 --> 01:14:15,280
Speaker 1: paid speeches in twenty twenty one, including a twelve stop

1345
01:14:15,400 --> 01:14:19,360
Speaker 1: fall tour of standalone appearances. Furthermore, she has written, co

1346
01:14:19,520 --> 01:14:24,479
Speaker 1: written or reissued six books since twenty nineteen, with another

1347
01:14:24,600 --> 01:14:27,679
Speaker 1: reissue on the way later this year. Even Better, Abrams

1348
01:14:27,800 --> 01:14:30,800
Speaker 1: was paid seven hundred grand over the last three years

1349
01:14:31,080 --> 01:14:34,280
Speaker 1: as the executive director of the Southern Economic Advancement Project,

1350
01:14:34,520 --> 01:14:38,800
Speaker 1: which seeks to quote improve economic equity in the South. Furthermore,

1351
01:14:38,880 --> 01:14:41,439
Speaker 1: the three point one seven million dollar figure is just

1352
01:14:41,600 --> 01:14:45,320
Speaker 1: her net worth how much's worth right now? Per financial disclosure,

1353
01:14:45,520 --> 01:14:49,360
Speaker 1: she actually earned six million dollars in the last four years,

1354
01:14:49,640 --> 01:14:52,800
Speaker 1: with the rest presumably going towards taxes and spending, with

1355
01:14:52,840 --> 01:14:56,479
Speaker 1: an allocated five million in payments for some books or speeches. So,

1356
01:14:56,720 --> 01:14:59,519
Speaker 1: of course the question arises, as it did for Hillary's

1357
01:14:59,520 --> 01:15:02,920
Speaker 1: paid speech before the twenty sixteen campaign, Who are the

1358
01:15:03,000 --> 01:15:07,240
Speaker 1: people paying millions of dollars to Stacy Abrams for speeches? Well,

1359
01:15:07,600 --> 01:15:10,120
Speaker 1: guess what. They don't want you to know that information.

1360
01:15:10,360 --> 01:15:11,920
Speaker 1: It took me a little while to track it down.

1361
01:15:12,200 --> 01:15:14,720
Speaker 1: I found a filing showing that Abrams was paid by

1362
01:15:14,840 --> 01:15:18,160
Speaker 1: Harry Walker Agency, that's a speaker's bureau. When you go

1363
01:15:18,280 --> 01:15:21,479
Speaker 1: to the Harry Walker Agency website, they've actually removed abrams

1364
01:15:21,560 --> 01:15:24,920
Speaker 1: profile because it actually listed the people who had paid her.

1365
01:15:25,240 --> 01:15:27,360
Speaker 1: Then I had to use an archived version of the

1366
01:15:27,439 --> 01:15:30,720
Speaker 1: website the wayback machine, and voila. Now we at least

1367
01:15:30,840 --> 01:15:33,880
Speaker 1: know some of the clients. Let's review per the archive

1368
01:15:34,000 --> 01:15:36,920
Speaker 1: version of the website. People who have paid Abrams include

1369
01:15:37,000 --> 01:15:41,880
Speaker 1: the Human Resources Summit, the Institute of Electrical and Electronics Engineers, BOMBOSS,

1370
01:15:42,000 --> 01:15:46,479
Speaker 1: the Socks Company, the Interactive Advertising Bureau, the MasterCard Center

1371
01:15:46,640 --> 01:15:51,160
Speaker 1: for Inclusive Growth, the Society for Social Work Research, Pinterest,

1372
01:15:51,479 --> 01:15:54,760
Speaker 1: the Company, and Ted Talks. Pinterest in particular seems to

1373
01:15:54,800 --> 01:15:57,280
Speaker 1: have been very taken in by Abrams, telling the agency

1374
01:15:57,400 --> 01:16:00,519
Speaker 1: quote everything went swimmingly. Stacey was a huge hit. You

1375
01:16:00,560 --> 01:16:02,200
Speaker 1: could hear a drop of a pin in the room.

1376
01:16:02,320 --> 01:16:05,599
Speaker 1: It was so quiet and engaged. Now, maybe, like professional

1377
01:16:05,680 --> 01:16:09,160
Speaker 1: wrong person, Jason Johnson, you think that's totally fine. She's

1378
01:16:09,240 --> 01:16:11,840
Speaker 1: only worth three point seven. Governor Kemp is worth eight

1379
01:16:11,880 --> 01:16:15,479
Speaker 1: point five. David Purdue is worth fifty. Look, man, I'm

1380
01:16:15,560 --> 01:16:18,479
Speaker 1: right there with you. David Purdue is corrupt as hell,

1381
01:16:18,760 --> 01:16:21,800
Speaker 1: former CEO of Dollar General, with questionable stock trades at

1382
01:16:21,840 --> 01:16:25,240
Speaker 1: best during the pandemic. Camp is also a multimillionaire real

1383
01:16:25,360 --> 01:16:27,559
Speaker 1: estate mogul, which, as far as I know, is probably

1384
01:16:27,600 --> 01:16:29,800
Speaker 1: one of the least honest businesses in the world. But

1385
01:16:30,240 --> 01:16:33,000
Speaker 1: that's the point, right, they're all slimy. Let's at least

1386
01:16:33,040 --> 01:16:36,280
Speaker 1: be honest about that instead. The level of vitriol that

1387
01:16:36,400 --> 01:16:38,960
Speaker 1: I received for pointing out the basic fact that she's

1388
01:16:39,000 --> 01:16:41,560
Speaker 1: a millionaire was incredible. What soccer, Do you have a

1389
01:16:41,600 --> 01:16:45,120
Speaker 1: problem with private citizens making money? Is this because she's black? No?

1390
01:16:45,600 --> 01:16:48,680
Speaker 1: Absolutely not. My problem, as it has always been from

1391
01:16:48,680 --> 01:16:51,519
Speaker 1: the beginning with stock trades or the revolving door, is

1392
01:16:51,560 --> 01:16:55,280
Speaker 1: when people make money not by creating economic value for

1393
01:16:55,400 --> 01:16:59,920
Speaker 1: other people, but from parlaying political access into personal produit.

1394
01:17:00,560 --> 01:17:03,000
Speaker 1: Consider her latest book, for which she got a fat

1395
01:17:03,160 --> 01:17:07,000
Speaker 1: advance for level up Rise above The Hidden Forces Holding

1396
01:17:07,040 --> 01:17:11,120
Speaker 1: Your Business Back. Okay, I'm sorry. Last time I checked,

1397
01:17:11,240 --> 01:17:14,280
Speaker 1: this woman is not a successful business person in any way,

1398
01:17:14,600 --> 01:17:17,639
Speaker 1: especially before she ran for office. In fact, the only

1399
01:17:17,720 --> 01:17:21,120
Speaker 1: business credible ability she has is co founding a financial

1400
01:17:21,240 --> 01:17:24,960
Speaker 1: invoices company with her co author of this book. I mean,

1401
01:17:25,200 --> 01:17:27,760
Speaker 1: good for you, but look, it has an ipo'd yet

1402
01:17:27,920 --> 01:17:30,640
Speaker 1: the valuation is currently secret and most people have never

1403
01:17:30,720 --> 01:17:33,120
Speaker 1: heard of it. What does that? What does she really

1404
01:17:33,200 --> 01:17:36,240
Speaker 1: have to tell us about business? Why am I spending

1405
01:17:36,320 --> 01:17:38,599
Speaker 1: so much time on this story. Well, first of all,

1406
01:17:38,760 --> 01:17:41,559
Speaker 1: because corporate media won't somebody should at least detail how

1407
01:17:41,600 --> 01:17:44,400
Speaker 1: bipartisan the corruption is in this race now. But because

1408
01:17:44,520 --> 01:17:48,240
Speaker 1: there is nothing I stand less than AstroTurf politicians like

1409
01:17:48,320 --> 01:17:52,040
Speaker 1: Stacy Abrams crying victim and then getting filthy rich off

1410
01:17:52,080 --> 01:17:55,800
Speaker 1: of it, children's books about her speeches, business books, even

1411
01:17:55,840 --> 01:17:58,880
Speaker 1: though she's not in any way a successful business person.

1412
01:17:59,200 --> 01:18:03,080
Speaker 1: The vast major of her personal income is derived solely

1413
01:18:03,240 --> 01:18:06,960
Speaker 1: from the fame bestowed upon her by the media, even

1414
01:18:07,000 --> 01:18:10,040
Speaker 1: though I repeat, she lost the election in twenty eighteen.

1415
01:18:10,439 --> 01:18:13,639
Speaker 1: And if you think Pinterest and MasterCard paid Stacy Abrams

1416
01:18:13,680 --> 01:18:15,560
Speaker 1: out of the kindness of their heart to hear what

1417
01:18:15,680 --> 01:18:17,840
Speaker 1: she had to say, I have a bridge to sell you.

1418
01:18:18,439 --> 01:18:21,760
Speaker 1: Paid speeches are about as close to legal bribery as

1419
01:18:21,840 --> 01:18:24,519
Speaker 1: it gets in America for politicians. It was true during

1420
01:18:24,560 --> 01:18:27,760
Speaker 1: the Clinton campaign, It's true in GOP politicians like Paul

1421
01:18:27,840 --> 01:18:30,519
Speaker 1: Ryan do it, and it is true with Stacy Abrams.

1422
01:18:30,800 --> 01:18:33,479
Speaker 1: It's an iron law of politics that doesn't care about

1423
01:18:33,479 --> 01:18:35,479
Speaker 1: what party you belong to. And I'm going to end

1424
01:18:35,520 --> 01:18:38,000
Speaker 1: you this to remind you of the before times when

1425
01:18:38,040 --> 01:18:41,280
Speaker 1: Stace c Abrams was flirting with a presidential bid. Many people,

1426
01:18:41,400 --> 01:18:44,320
Speaker 1: including Joe Biden, tried to recruit her for her endorsement.

1427
01:18:44,680 --> 01:18:47,559
Speaker 1: Nobody could get it done despite immense pressure from all

1428
01:18:47,640 --> 01:18:51,000
Speaker 1: the various candidates, until finally she did an event with

1429
01:18:51,160 --> 01:18:54,360
Speaker 1: one candidate. That man's name was Michael Bloomberg, and he

1430
01:18:54,760 --> 01:18:58,920
Speaker 1: personally had given Abram's voting group five million dollars of

1431
01:18:59,000 --> 01:19:01,559
Speaker 1: his own money. She went on to defend his candidacy

1432
01:19:01,800 --> 01:19:03,640
Speaker 1: and even act as kind of a surrogate for a

1433
01:19:03,680 --> 01:19:06,200
Speaker 1: short time. That's who she is. We already know she

1434
01:19:06,280 --> 01:19:08,799
Speaker 1: could be bought. That's true of both her opponents too, probably,

1435
01:19:09,040 --> 01:19:11,120
Speaker 1: but let's all be honest about who we're talking about here.

1436
01:19:11,840 --> 01:19:15,400
Speaker 1: I mean a business book, Crystal. I mean it's just amazing.

1437
01:19:16,280 --> 01:19:19,240
Speaker 1: Six million dollars it pays me. And if you want

1438
01:19:19,280 --> 01:19:22,360
Speaker 1: to hear my reaction to Sagre's monologue, become a premium

1439
01:19:22,400 --> 01:19:28,400
Speaker 1: subscriber today at breakingpoints dot com. Crystal, what are you

1440
01:19:28,400 --> 01:19:30,200
Speaker 1: taking a look at? Well, guys, we recently warned you

1441
01:19:30,280 --> 01:19:34,200
Speaker 1: about a key recession warning light that was flashing bright red.

1442
01:19:34,479 --> 01:19:37,840
Speaker 1: The yield curve for treasury bonds has gotten wacky before

1443
01:19:37,960 --> 01:19:41,679
Speaker 1: every single recession since nineteen seventy, flipping so that long

1444
01:19:41,800 --> 01:19:44,479
Speaker 1: term yields are lower than short term meals. That's the

1445
01:19:44,520 --> 01:19:48,000
Speaker 1: reserve verse of the normal relationship that basically happens when

1446
01:19:48,080 --> 01:19:51,840
Speaker 1: investors get very, very concerned about the short term. Well,

1447
01:19:52,160 --> 01:19:55,240
Speaker 1: right now we are seeing the inversion of that telltale indicator.

1448
01:19:55,280 --> 01:19:57,360
Speaker 1: There are some reasons to think that this time could

1449
01:19:57,479 --> 01:19:59,800
Speaker 1: be different. In particular, the fat has been messing around

1450
01:19:59,800 --> 01:20:02,320
Speaker 1: in the market a whole lot, so the market may

1451
01:20:02,439 --> 01:20:05,400
Speaker 1: not contain as much information as it usually does. But

1452
01:20:05,560 --> 01:20:08,519
Speaker 1: this week we're getting a host of new warning signs

1453
01:20:08,560 --> 01:20:11,639
Speaker 1: and indicators that add to the dire picture. In fact,

1454
01:20:11,960 --> 01:20:15,280
Speaker 1: Deutsche Bank just became the first major bank to predict

1455
01:20:15,360 --> 01:20:18,479
Speaker 1: that our economy is headed towards recession. Here's a little

1456
01:20:18,479 --> 01:20:20,600
Speaker 1: bit of what they are saying. They believe will be

1457
01:20:20,680 --> 01:20:23,720
Speaker 1: in a recession by next year, That stocks will likely

1458
01:20:23,800 --> 01:20:26,400
Speaker 1: drop by twenty percent by the summer of next year,

1459
01:20:26,680 --> 01:20:29,680
Speaker 1: and that unemployment will rise to nearly five percent by

1460
01:20:29,760 --> 01:20:33,519
Speaker 1: twenty twenty four. But that's not all. JP Morgan CEO

1461
01:20:33,680 --> 01:20:37,479
Speaker 1: Jamie Diamond is warning investors of quote unprecedented risks and

1462
01:20:37,560 --> 01:20:40,639
Speaker 1: the need to prepare for dramatic upheavals. Now, he does

1463
01:20:40,680 --> 01:20:43,320
Speaker 1: not outrite predict a recession in this letter to investors.

1464
01:20:43,360 --> 01:20:46,240
Speaker 1: But it's hardly a rosy portrait that he is painting here.

1465
01:20:46,720 --> 01:20:48,720
Speaker 1: And if all of that doesn't have you nervous enough,

1466
01:20:49,000 --> 01:20:52,080
Speaker 1: famed investor Carl Icon says, we could be heading to

1467
01:20:52,240 --> 01:20:55,320
Speaker 1: a recession or even worse. Yeah, look, I think there

1468
01:20:55,400 --> 01:20:58,320
Speaker 1: very well could be a recession or even worse. I

1469
01:20:58,560 --> 01:21:01,600
Speaker 1: really think the one thing that you have an experience in,

1470
01:21:02,280 --> 01:21:05,720
Speaker 1: and I will tell you sadly that our companies, when

1471
01:21:05,840 --> 01:21:08,080
Speaker 1: we sit on a lot of boards, I don't, but

1472
01:21:08,200 --> 01:21:10,400
Speaker 1: I have delicates on those boards, and some are good,

1473
01:21:10,680 --> 01:21:12,800
Speaker 1: some are fine. But when you get to understand what

1474
01:21:13,040 --> 01:21:18,080
Speaker 1: these boards do, the system, the system is needing fixing

1475
01:21:18,920 --> 01:21:22,680
Speaker 1: really odd. There's no accountability in corporate America. You have

1476
01:21:22,800 --> 01:21:25,439
Speaker 1: some very fine companies. There's some very five CEOs, but

1477
01:21:25,640 --> 01:21:27,519
Speaker 1: far too many that are not up to the test

1478
01:21:27,600 --> 01:21:30,439
Speaker 1: that I think is going to be necessitated. So I

1479
01:21:30,560 --> 01:21:34,000
Speaker 1: have that experience, I guess, and then I tell you this.

1480
01:21:34,320 --> 01:21:37,439
Speaker 1: I have kept and I think we would have done

1481
01:21:37,479 --> 01:21:39,680
Speaker 1: a lot better. But I have kept everything a head

1482
01:21:39,760 --> 01:21:42,960
Speaker 1: for the last few years, and I think now that

1483
01:21:43,080 --> 01:21:45,840
Speaker 1: we do have it. We have a strong heads on

1484
01:21:45,960 --> 01:21:48,519
Speaker 1: against the long positions that we try to be activist

1485
01:21:48,560 --> 01:21:50,200
Speaker 1: in and get that edge. So that's the way I

1486
01:21:50,280 --> 01:21:53,360
Speaker 1: look at it. But I am I am negative as

1487
01:21:53,400 --> 01:21:56,120
Speaker 1: you can hear. Short term, I don't even predict I

1488
01:21:56,240 --> 01:21:58,040
Speaker 1: guess now. There are a number of reasons that a

1489
01:21:58,120 --> 01:22:02,160
Speaker 1: recession seems increasingly likely. Supply chain shocks, expensive oil, war

1490
01:22:02,200 --> 01:22:04,800
Speaker 1: in Ukraine, and overall inflation, which is not only a

1491
01:22:04,880 --> 01:22:07,960
Speaker 1: problem in and of itself but critically is leading the

1492
01:22:08,040 --> 01:22:10,600
Speaker 1: Federal Reserve to move in a big way. And on

1493
01:22:10,720 --> 01:22:13,960
Speaker 1: that front, we have some massive news indicating that they

1494
01:22:14,080 --> 01:22:17,679
Speaker 1: might well be ready to slam the brakes on the economy. First,

1495
01:22:17,760 --> 01:22:19,360
Speaker 1: let me give you a little bit of backstory in

1496
01:22:19,439 --> 01:22:21,360
Speaker 1: context here. So the FED has been indicating for a

1497
01:22:21,439 --> 01:22:23,800
Speaker 1: while they're going to hike interest rates, and in fact,

1498
01:22:23,960 --> 01:22:25,800
Speaker 1: they just did so for the first time last month,

1499
01:22:26,080 --> 01:22:28,240
Speaker 1: a cord rate hike that was more or less taken

1500
01:22:28,280 --> 01:22:31,120
Speaker 1: in stride. But now they look prepared to take a

1501
01:22:31,320 --> 01:22:34,560
Speaker 1: much more aggressive course than some were anticipating. And the

1502
01:22:34,640 --> 01:22:37,160
Speaker 1: more aggressive the action at the FED, the more likely

1503
01:22:37,360 --> 01:22:40,160
Speaker 1: it tips the economy into recession as they try to

1504
01:22:40,240 --> 01:22:43,400
Speaker 1: squeeze out inflation. That's exactly what happened in the seventies.

1505
01:22:43,439 --> 01:22:46,400
Speaker 1: Fed shir Paul Vulker is celebrated for dramatically hiking interest

1506
01:22:46,439 --> 01:22:49,640
Speaker 1: rates and successfully curbing inflation, but at the time he

1507
01:22:50,160 --> 01:22:54,360
Speaker 1: was hated. His decisions caused a brutal recession, with unemployment

1508
01:22:54,400 --> 01:22:58,280
Speaker 1: spiking over ten percent. His actions were actually so painful

1509
01:22:58,400 --> 01:23:01,560
Speaker 1: and controversial they led to the largest protests in the

1510
01:23:01,760 --> 01:23:04,720
Speaker 1: history of the Federal Reserve, as indebted farmers drove their

1511
01:23:04,880 --> 01:23:08,240
Speaker 1: tractors to the Federal Reserve Board building right here in Washington.

1512
01:23:08,760 --> 01:23:10,920
Speaker 1: This time around, it's not just interest rates that the

1513
01:23:11,000 --> 01:23:14,200
Speaker 1: Fed has as a weapon in their anti inflation arsenal.

1514
01:23:14,600 --> 01:23:17,560
Speaker 1: During COVID, interest rates alone were not going to be

1515
01:23:17,720 --> 01:23:19,840
Speaker 1: enough to keep markets from tanking and the wheels from

1516
01:23:19,920 --> 01:23:23,320
Speaker 1: completely coming off the global financial system. The situation was

1517
01:23:23,400 --> 01:23:25,840
Speaker 1: so dire that even one of the safest and most

1518
01:23:25,840 --> 01:23:28,519
Speaker 1: liquid markets in the world, the one for US Treasury bonds,

1519
01:23:28,760 --> 01:23:32,400
Speaker 1: basically seized up and all but stopped functioning. This event

1520
01:23:32,520 --> 01:23:36,759
Speaker 1: completely and understandably freaked down everyone who was paying attention.

1521
01:23:37,200 --> 01:23:39,680
Speaker 1: So the FED leapt into action and intervened in the

1522
01:23:39,760 --> 01:23:43,559
Speaker 1: market in truly extraordinary ways. They bought trillions of dollars

1523
01:23:43,640 --> 01:23:47,160
Speaker 1: of assets to backstop both the stock and the bond markets.

1524
01:23:47,520 --> 01:23:49,360
Speaker 1: Now we can save the debate for another day. An

1525
01:23:49,360 --> 01:23:51,200
Speaker 1: important one, by the way, over whether they could have

1526
01:23:51,320 --> 01:23:54,920
Speaker 1: taken more creative action to directly help regular Americans rather

1527
01:23:54,920 --> 01:23:57,160
Speaker 1: than just shooting trillions of dollars at Wall Street. But

1528
01:23:57,280 --> 01:24:00,599
Speaker 1: suffice it to say, well, this action may have been necessary.

1529
01:24:00,840 --> 01:24:04,120
Speaker 1: It created vast amounts of inequality, funneling wealth to the

1530
01:24:04,240 --> 01:24:08,840
Speaker 1: top while regular people comparatively got peanuts. Regular folks, of course,

1531
01:24:08,880 --> 01:24:11,760
Speaker 1: had to depend on a dysfunctional Congress, while the rich

1532
01:24:11,840 --> 01:24:15,000
Speaker 1: could rest easy with the quick acting Fed. As Christopher

1533
01:24:15,040 --> 01:24:17,479
Speaker 1: Leonard details in his book Lords of Easy Money, this

1534
01:24:17,680 --> 01:24:21,600
Speaker 1: FED policy of scooping up massive amounts of assets overwhelmingly

1535
01:24:21,640 --> 01:24:24,439
Speaker 1: benefits the very top as those assets are being purchased,

1536
01:24:24,760 --> 01:24:28,680
Speaker 1: but it creates massive risks for the entire public when

1537
01:24:28,720 --> 01:24:31,720
Speaker 1: they then try to unload these trillions of dollars in

1538
01:24:31,840 --> 01:24:34,800
Speaker 1: assets from the FED balance sheet. And because the Fed

1539
01:24:34,880 --> 01:24:38,200
Speaker 1: went so far and so fast, acquiring the equivalent of

1540
01:24:38,400 --> 01:24:40,920
Speaker 1: a third of our entire GDP in just a couple

1541
01:24:40,920 --> 01:24:44,680
Speaker 1: of years timeframe, what happens with those assets on the

1542
01:24:44,760 --> 01:24:47,519
Speaker 1: FED balance sheet? That is the real story to watch

1543
01:24:47,720 --> 01:24:50,240
Speaker 1: with regard to FED policy. So with all of that

1544
01:24:50,400 --> 01:24:53,360
Speaker 1: in mind, we've now got bombshell new details about what

1545
01:24:53,560 --> 01:24:56,400
Speaker 1: the FED is actually planning to do with those assets.

1546
01:24:56,680 --> 01:25:00,160
Speaker 1: Fed Governor Leele Brannard. She said on Tuesday that it

1547
01:25:00,280 --> 01:25:03,360
Speaker 1: is of paramount importance to get inflation down, going on

1548
01:25:03,479 --> 01:25:06,880
Speaker 1: to say the FED quote will continue tightening monetary policy

1549
01:25:07,040 --> 01:25:10,960
Speaker 1: methodically through a series of interest rate increases and by

1550
01:25:11,080 --> 01:25:14,360
Speaker 1: starting to reduce the balance sheet at a rapid pace

1551
01:25:14,560 --> 01:25:17,360
Speaker 1: as soon as our May meeting. Now, I know these

1552
01:25:17,400 --> 01:25:20,160
Speaker 1: commons sound a little bit innocuous, but they landed like

1553
01:25:20,240 --> 01:25:22,559
Speaker 1: a bomb. Brainerd is one of the most dubbish members

1554
01:25:22,600 --> 01:25:25,559
Speaker 1: of the FED, typically advocating for looser policy and lower rates.

1555
01:25:25,760 --> 01:25:27,760
Speaker 1: So if she is saying they're going to go at

1556
01:25:27,800 --> 01:25:31,240
Speaker 1: a rapid pace, it really means something. So now you're

1557
01:25:31,280 --> 01:25:33,559
Speaker 1: looking at interest rates likely to go up much more quickly,

1558
01:25:33,680 --> 01:25:36,200
Speaker 1: and at the same time the FED offloading assets at

1559
01:25:36,320 --> 01:25:39,960
Speaker 1: what is being described as a rapid pace. That's basically

1560
01:25:40,040 --> 01:25:43,080
Speaker 1: the equivalent of hiking interest rates even higher and more quickly.

1561
01:25:43,600 --> 01:25:45,519
Speaker 1: Now the FED beliefs that they can find the magic

1562
01:25:45,560 --> 01:25:48,040
Speaker 1: formula here. Doing enough to control inflation but not enough

1563
01:25:48,040 --> 01:25:50,720
Speaker 1: to sink the economy is so called soft landing that

1564
01:25:50,920 --> 01:25:53,439
Speaker 1: is extremely difficult to pull off. Because the FED only

1565
01:25:53,520 --> 01:25:55,840
Speaker 1: has blunt tools to use, and because the impact of

1566
01:25:55,880 --> 01:25:59,640
Speaker 1: their actions are not immediate, it's very easy to overshoot

1567
01:25:59,640 --> 01:26:02,920
Speaker 1: the mark and trigger a cataclysm for working class Americans.

1568
01:26:03,479 --> 01:26:06,360
Speaker 1: Add to all of this the chaotic landscape of war,

1569
01:26:06,520 --> 01:26:09,439
Speaker 1: climate crisis, food shortages, supply chain messes, and you should

1570
01:26:09,479 --> 01:26:12,120
Speaker 1: not be surprised that people are starting to ask the

1571
01:26:12,200 --> 01:26:16,760
Speaker 1: question of when, not if, we're headed to recession. Now, listen,

1572
01:26:16,840 --> 01:26:18,479
Speaker 1: there are two last things I want to say on

1573
01:26:18,720 --> 01:26:20,800
Speaker 1: all of this, some takeaways and things to think about.

1574
01:26:20,880 --> 01:26:23,200
Speaker 1: First of all, a major reason why the situation is

1575
01:26:23,280 --> 01:26:25,519
Speaker 1: so dicey and why the FED has become so central

1576
01:26:25,560 --> 01:26:28,719
Speaker 1: to the entire economic system is because Congress has devolved

1577
01:26:28,760 --> 01:26:30,960
Speaker 1: into a body war concerned with culture war signaling and

1578
01:26:31,040 --> 01:26:34,960
Speaker 1: political theater, then with actual responsive legislating. Some of the

1579
01:26:35,000 --> 01:26:37,720
Speaker 1: problems we're dealing with supply chain issues, things like an

1580
01:26:38,000 --> 01:26:41,360
Speaker 1: industry consolidation that are leading to price gouging, Those should

1581
01:26:41,400 --> 01:26:43,640
Speaker 1: really be dealt with through congressional action instead of by

1582
01:26:43,680 --> 01:26:46,479
Speaker 1: hoping that the FED can magically fix everything. The other

1583
01:26:46,520 --> 01:26:48,400
Speaker 1: thing I'll say about all of this is the strike

1584
01:26:48,439 --> 01:26:51,080
Speaker 1: waves and union drives that we're covering here. They have

1585
01:26:51,360 --> 01:26:54,639
Speaker 1: to move quick, because part of why workers feel emboldened

1586
01:26:54,640 --> 01:26:56,400
Speaker 1: and are willing to get cheeky with their managers and

1587
01:26:56,439 --> 01:26:59,120
Speaker 1: corporate bosses right now is because there's a lot of jobs.

1588
01:26:59,240 --> 01:27:00,920
Speaker 1: They might be crappy jobs, but there are a lot

1589
01:27:01,000 --> 01:27:03,479
Speaker 1: of jobs. That's leading workers to do what Chris Small's

1590
01:27:03,520 --> 01:27:06,160
Speaker 1: is urging having the courage to organize at their current

1591
01:27:06,280 --> 01:27:09,280
Speaker 1: job instead of quit. After all, they try to organize.

1592
01:27:09,280 --> 01:27:10,880
Speaker 1: The worst that can happen is they get fired from

1593
01:27:10,880 --> 01:27:12,760
Speaker 1: their crappy job and they go get a different crappy job.

1594
01:27:13,000 --> 01:27:15,639
Speaker 1: In the best case scenario, they actually turn their crappy

1595
01:27:15,760 --> 01:27:19,559
Speaker 1: job into something that is truly worthwhile and sustaining. If

1596
01:27:19,600 --> 01:27:22,680
Speaker 1: we head into a recession with high unemployment, bosses are

1597
01:27:22,720 --> 01:27:24,640
Speaker 1: going to feel bolder and workers are going to have

1598
01:27:24,800 --> 01:27:28,120
Speaker 1: a whole lot less leverage. So that's just one example

1599
01:27:28,200 --> 01:27:30,080
Speaker 1: of how much does at stake with these FED decisions.

1600
01:27:30,280 --> 01:27:34,200
Speaker 1: Worker power, jobs, and actual human beings lives. All of

1601
01:27:34,280 --> 01:27:36,639
Speaker 1: that hangs in the balance and sober after I wrote

1602
01:27:36,640 --> 01:27:38,760
Speaker 1: this monologue, we receive notes from the last FED meeting

1603
01:27:38,800 --> 01:27:40,880
Speaker 1: when they decided to increase and if you want to

1604
01:27:40,920 --> 01:27:44,240
Speaker 1: hear my reaction to Crystal's monologue, become a premium subscriber

1605
01:27:44,280 --> 01:27:50,719
Speaker 1: today at breakingpoints dot Com. Joining us now the man himself,

1606
01:27:50,760 --> 01:27:53,439
Speaker 1: Matt Tayeb of TK News, which you all should be

1607
01:27:53,479 --> 01:27:55,920
Speaker 1: subscribed to on substack. Great to see my friend, good

1608
01:27:55,960 --> 01:27:58,920
Speaker 1: to see a man, Good to see you both. So

1609
01:27:59,080 --> 01:28:01,280
Speaker 1: let's go ahead and put the piece Road up on

1610
01:28:01,360 --> 01:28:03,640
Speaker 1: the screen, which I rather enjoyed, but I'm sure as

1611
01:28:03,760 --> 01:28:06,240
Speaker 1: usual got you in some hot water. This should not

1612
01:28:06,360 --> 01:28:09,559
Speaker 1: be a controversial take, but your headline here is regime

1613
01:28:09,760 --> 01:28:12,800
Speaker 1: change doesn't work. You more on a on examples of

1614
01:28:12,880 --> 01:28:15,000
Speaker 1: regime change blowing up on our faces? Do we really

1615
01:28:15,120 --> 01:28:18,920
Speaker 1: need before realizing it's a disastrous policy? Will we really

1616
01:28:19,080 --> 01:28:23,439
Speaker 1: try it with a nuclear armed adversary? Matt, just give

1617
01:28:23,520 --> 01:28:26,080
Speaker 1: us a few examples for those who need like a

1618
01:28:26,120 --> 01:28:29,759
Speaker 1: little historical reminder of all of our attempts at regime

1619
01:28:29,880 --> 01:28:33,600
Speaker 1: change and how that exactly has gone well. Obviously, the

1620
01:28:33,680 --> 01:28:38,439
Speaker 1: two most recent ones were Iraq and Afghanistan, with Iraq

1621
01:28:38,520 --> 01:28:41,760
Speaker 1: being the signature program because we well, actually in both

1622
01:28:41,800 --> 01:28:45,880
Speaker 1: of those cases, we spent massive amounts of money, I

1623
01:28:45,960 --> 01:28:50,800
Speaker 1: mean trillions of dollars and a lot of lives and

1624
01:28:52,240 --> 01:28:55,600
Speaker 1: basically ended up worse off than we were before the

1625
01:28:55,720 --> 01:28:59,240
Speaker 1: operations started, but even before that, we have a lengthy

1626
01:28:59,400 --> 01:29:04,400
Speaker 1: history of try to overturn foreign governments install leaders. The

1627
01:29:04,479 --> 01:29:07,080
Speaker 1: most recent incarnation of this idea is that we were

1628
01:29:07,160 --> 01:29:10,759
Speaker 1: trying to install liberal democracies everywhere, But that wasn't always

1629
01:29:10,840 --> 01:29:15,760
Speaker 1: the case. Sometimes we were trying to install authoritarians who

1630
01:29:15,760 --> 01:29:17,479
Speaker 1: are more friendly to the United States, like in the

1631
01:29:17,560 --> 01:29:22,519
Speaker 1: case of the Shah. But the new fad is let's

1632
01:29:22,600 --> 01:29:25,720
Speaker 1: make countries everywhere liberal democracies. In that way, we won't

1633
01:29:25,800 --> 01:29:30,120
Speaker 1: have any any war or conflict. And it just hasn't

1634
01:29:30,200 --> 01:29:34,000
Speaker 1: worked because we can't. It's a naive belief that we

1635
01:29:34,080 --> 01:29:38,400
Speaker 1: can force other countries to adopt the system that they

1636
01:29:38,560 --> 01:29:41,160
Speaker 1: may not have any history with ratt What do you

1637
01:29:41,200 --> 01:29:43,240
Speaker 1: think that this impetus comes from? We were talking about

1638
01:29:43,280 --> 01:29:46,040
Speaker 1: this earlier in the show. I mean, how can you

1639
01:29:46,080 --> 01:29:49,120
Speaker 1: I don't understand how you can live through Iraq, Libya, Syria,

1640
01:29:49,360 --> 01:29:52,080
Speaker 1: Afghanistan in the last twenty years and be like, you

1641
01:29:52,160 --> 01:29:54,559
Speaker 1: know what, this time the fifth time. That's the time.

1642
01:29:55,640 --> 01:29:58,320
Speaker 1: I'm being facetious, But it's a real thing. A lot

1643
01:29:58,360 --> 01:30:00,600
Speaker 1: of the people in our elite media act actually believe this.

1644
01:30:01,000 --> 01:30:05,479
Speaker 1: Where does this come from? I have no idea you know,

1645
01:30:05,560 --> 01:30:07,640
Speaker 1: and I would add a lot of the countries in

1646
01:30:07,920 --> 01:30:10,880
Speaker 1: the former Soviet Union because that's approposed to this discussion.

1647
01:30:11,160 --> 01:30:14,120
Speaker 1: I mean, part of the reason I feel so hardened

1648
01:30:14,160 --> 01:30:17,240
Speaker 1: about this issue is that, you know, I lived in

1649
01:30:17,360 --> 01:30:22,560
Speaker 1: Russia and in Uzbekistan and some other parts of the

1650
01:30:22,600 --> 01:30:25,479
Speaker 1: former Soivie Union during a time when we thought that

1651
01:30:25,600 --> 01:30:28,519
Speaker 1: it would be as simple as well, let's give these

1652
01:30:28,560 --> 01:30:33,519
Speaker 1: countries stock markets, elections, and some other institutions, and they

1653
01:30:33,560 --> 01:30:36,840
Speaker 1: will instantly become American friendly allies. And then before you

1654
01:30:36,960 --> 01:30:39,320
Speaker 1: know what, we're fixing elections so that they don't elect

1655
01:30:39,840 --> 01:30:46,160
Speaker 1: communists or other politicians that we don't like. It. Just

1656
01:30:46,760 --> 01:30:49,200
Speaker 1: I think there's a naivete about this, and I think

1657
01:30:49,400 --> 01:30:52,720
Speaker 1: there's also a lack of foresight about the number of

1658
01:30:52,800 --> 01:30:57,479
Speaker 1: things that can go wrong when you try to install

1659
01:30:57,800 --> 01:31:00,679
Speaker 1: a leader in a foreign country. People think that somehow

1660
01:31:00,760 --> 01:31:05,600
Speaker 1: that foreign populations won't react negatively to that, and they

1661
01:31:05,640 --> 01:31:08,400
Speaker 1: always do. Yeah. Well, and even before we get to

1662
01:31:08,439 --> 01:31:10,799
Speaker 1: the conversation whether or not it works, it's also illegal.

1663
01:31:11,000 --> 01:31:13,200
Speaker 1: So like on its face, even if you could be

1664
01:31:13,240 --> 01:31:15,479
Speaker 1: persuaded that, like, no, this time it really would work,

1665
01:31:15,720 --> 01:31:17,680
Speaker 1: we still shouldn't do it, you know, You have this

1666
01:31:17,800 --> 01:31:19,920
Speaker 1: line in here that I think is really interesting you

1667
01:31:20,040 --> 01:31:22,960
Speaker 1: talk about I think this is Thomas Friedman who had

1668
01:31:23,000 --> 01:31:26,000
Speaker 1: is z that right, who had the McDonald's theory, which

1669
01:31:26,120 --> 01:31:29,840
Speaker 1: is the Golden Arches theory. Yes, when a country reaches

1670
01:31:29,880 --> 01:31:32,080
Speaker 1: a certain level of economic development, when it has a

1671
01:31:32,120 --> 01:31:34,960
Speaker 1: middle class big enough to support in McDonald's, it becomes

1672
01:31:35,000 --> 01:31:38,320
Speaker 1: a McDonald's country. And people in McDonald's countries don't like

1673
01:31:38,400 --> 01:31:42,400
Speaker 1: to fight wars. They like to wait in line for burgers. Now,

1674
01:31:42,720 --> 01:31:45,920
Speaker 1: I have seen a lot of sort of triumphalism from

1675
01:31:46,760 --> 01:31:51,000
Speaker 1: neoliberals who're basically like, see, our worldview is validated by

1676
01:31:51,040 --> 01:31:53,280
Speaker 1: what's happening in the world right now, and I just

1677
01:31:53,320 --> 01:31:56,160
Speaker 1: see it as complete opposite. I mean, in a lot

1678
01:31:56,240 --> 01:31:59,320
Speaker 1: of ways, we were instrumental in architect detecting the Russian

1679
01:31:59,360 --> 01:32:03,479
Speaker 1: regime that exists today, and so for me, the events

1680
01:32:03,479 --> 01:32:06,200
Speaker 1: that are unfolding are a thorough indictment of that view

1681
01:32:06,240 --> 01:32:09,240
Speaker 1: of the world. Yeah. Absolutely, And I can say that

1682
01:32:09,320 --> 01:32:11,760
Speaker 1: as somebody who as a young reporter was sent out

1683
01:32:11,800 --> 01:32:16,639
Speaker 1: to cover the ribbon cuttings of all those American institutions. Yeah,

1684
01:32:16,800 --> 01:32:20,320
Speaker 1: like maybe, well not McDonald's, but KFC, Like I know

1685
01:32:20,840 --> 01:32:24,240
Speaker 1: ikea obviously is a Swedish thing, but yeah, there was

1686
01:32:24,439 --> 01:32:26,400
Speaker 1: there was a belief that once we gave them the

1687
01:32:26,479 --> 01:32:31,599
Speaker 1: consumer economy and some of the superficial trappings of Western culture,

1688
01:32:31,760 --> 01:32:34,720
Speaker 1: that immediately they would come over on board and they

1689
01:32:34,760 --> 01:32:38,960
Speaker 1: would be like us. And this I think stems from

1690
01:32:40,120 --> 01:32:43,679
Speaker 1: a fundamental misunderstanding of how like the idea that cultures

1691
01:32:43,720 --> 01:32:46,120
Speaker 1: can be different, that they can have different histories and

1692
01:32:46,240 --> 01:32:50,920
Speaker 1: different reactions to things. So, yeah, both Ukraine and Russia

1693
01:32:51,040 --> 01:32:54,599
Speaker 1: had McDonald's and now they're you know, at each other's throats,

1694
01:32:54,880 --> 01:33:00,719
Speaker 1: and the McDonald's obviously didn't help a whole lot. So yeah,

1695
01:33:01,080 --> 01:33:04,360
Speaker 1: it's just it's just further evidence that that this this is,

1696
01:33:04,479 --> 01:33:08,479
Speaker 1: this is collapsing. But more to the point, what's going

1697
01:33:08,560 --> 01:33:12,400
Speaker 1: on is what I fear is that the United States

1698
01:33:12,640 --> 01:33:17,599
Speaker 1: is not letting Ukraine or not empowering Ukraine to make

1699
01:33:17,640 --> 01:33:19,960
Speaker 1: its own decisions about how to negotiate its way out

1700
01:33:20,000 --> 01:33:24,120
Speaker 1: of this war, and that is going to lead to, uh,

1701
01:33:24,560 --> 01:33:27,120
Speaker 1: you know, a quagmire of the type that we're familiar with.

1702
01:33:27,680 --> 01:33:30,080
Speaker 1: I completely agree. I'll make a controversial statement, I think

1703
01:33:30,160 --> 01:33:34,360
Speaker 1: McDonald's taste the best in authoritarian country. It actually does.

1704
01:33:34,640 --> 01:33:38,920
Speaker 1: I had a taro pie in China and that thing

1705
01:33:39,040 --> 01:33:42,120
Speaker 1: was good. Well, I can't speak authoritarian country, but I

1706
01:33:42,160 --> 01:33:44,840
Speaker 1: did spend six weeks while I was pregnant in India

1707
01:33:44,840 --> 01:33:47,559
Speaker 1: and I ate an an ordinate number of mic chickens

1708
01:33:47,800 --> 01:33:50,320
Speaker 1: in India, and it was like a lifeline. Maha. Rojer

1709
01:33:50,360 --> 01:33:53,200
Speaker 1: Berger is a real thing. On a series note, Matt,

1710
01:33:54,479 --> 01:33:58,080
Speaker 1: what do you think is the Biden administration's policy? And

1711
01:33:58,160 --> 01:33:59,640
Speaker 1: I don't think you'll mind if I share that. We

1712
01:33:59,720 --> 01:34:02,120
Speaker 1: were kind of talking a little bit offline about this,

1713
01:34:02,280 --> 01:34:04,800
Speaker 1: and we're saying, like, you know, we've gotten some leaks

1714
01:34:04,840 --> 01:34:07,120
Speaker 1: of administration officials who are like, you know, the real

1715
01:34:07,280 --> 01:34:09,639
Speaker 1: endgame here is Putin out of power. Now. They think

1716
01:34:09,680 --> 01:34:12,559
Speaker 1: they can accomplish that without going in militarily, just by

1717
01:34:12,640 --> 01:34:15,160
Speaker 1: like squeezing them through sanctions and praying and hoping and

1718
01:34:15,280 --> 01:34:19,400
Speaker 1: hoping to foment some sort of protest movement that effectuates

1719
01:34:19,439 --> 01:34:23,240
Speaker 1: a coup against the government. But you know, shortly after

1720
01:34:23,320 --> 01:34:25,920
Speaker 1: we're having that conversation about or maybe it's just incompetence

1721
01:34:25,920 --> 01:34:27,639
Speaker 1: and they don't really have a plan or a goal here,

1722
01:34:28,080 --> 01:34:30,719
Speaker 1: Biden comes out and says Putin cannot remain in power,

1723
01:34:30,880 --> 01:34:33,000
Speaker 1: and in my opinion, seems to sort of give up

1724
01:34:33,040 --> 01:34:36,519
Speaker 1: the game about what they're really thinking. So how do

1725
01:34:36,680 --> 01:34:39,880
Speaker 1: you read the tea leaves of what the administration is

1726
01:34:40,040 --> 01:34:42,840
Speaker 1: actually doing, what they're actually thinking, and what their real

1727
01:34:43,120 --> 01:34:47,439
Speaker 1: goals are here. Well, it sure seems like, you know,

1728
01:34:47,760 --> 01:34:52,000
Speaker 1: dating back years that they've had a plan about having

1729
01:34:52,040 --> 01:34:55,439
Speaker 1: a military presence there. You know, the announced their intention

1730
01:34:55,600 --> 01:34:59,439
Speaker 1: to try to expand Ukraine, NATO to Ukraine. But more recently,

1731
01:34:59,720 --> 01:35:02,880
Speaker 1: I think what you've seen is a number of quotes

1732
01:35:02,960 --> 01:35:05,840
Speaker 1: by officials who are saying exactly what you said, Like

1733
01:35:05,920 --> 01:35:11,120
Speaker 1: the endgame is we want to drag Russia into a quagmire.

1734
01:35:11,160 --> 01:35:13,200
Speaker 1: That was in a David Sanger piece in the New

1735
01:35:13,280 --> 01:35:16,800
Speaker 1: York Times. There was a Bloomberg piece that quoted some

1736
01:35:16,920 --> 01:35:20,280
Speaker 1: British officials saying that our number one option is to

1737
01:35:20,400 --> 01:35:23,479
Speaker 1: bleed Putin. You know, we want to we want the

1738
01:35:23,520 --> 01:35:28,280
Speaker 1: conflict extended. Uh And there's a logic to that unless

1739
01:35:28,280 --> 01:35:34,080
Speaker 1: you're Ukrainian, right, Because basically what the what the West

1740
01:35:34,160 --> 01:35:37,200
Speaker 1: is saying is we think that this is going to

1741
01:35:37,200 --> 01:35:40,160
Speaker 1: be politically cost costly for Putin and that ultimately this

1742
01:35:40,240 --> 01:35:43,240
Speaker 1: will result in political instability back in Russia and he'll

1743
01:35:43,320 --> 01:35:46,519
Speaker 1: he'll leave power. There are two errors that thinking. Number one,

1744
01:35:46,640 --> 01:35:51,080
Speaker 1: it doesn't take into account the cost of Ukraine. The

1745
01:35:51,160 --> 01:35:54,400
Speaker 1: other one is who's to say that the person who

1746
01:35:54,479 --> 01:35:57,400
Speaker 1: replaces Putin won't be worse than Putin? Because there is

1747
01:35:57,520 --> 01:36:00,720
Speaker 1: that wing of the Russian government that's that's waiting to

1748
01:36:00,840 --> 01:36:03,960
Speaker 1: come in and correct the embarrassment that they feel that

1749
01:36:04,000 --> 01:36:08,000
Speaker 1: they're going through. So I actually do think that that's

1750
01:36:08,040 --> 01:36:10,560
Speaker 1: what they're thinking, is that we want this to go

1751
01:36:10,680 --> 01:36:13,560
Speaker 1: on for a while. There's some evidence for that, and

1752
01:36:13,960 --> 01:36:18,120
Speaker 1: they think that that, you know, it'll result in a

1753
01:36:18,240 --> 01:36:20,960
Speaker 1: new leader in Russia that will be more amenable to them.

1754
01:36:22,280 --> 01:36:25,040
Speaker 1: I think, whenever we look at all this, Matt, what

1755
01:36:25,200 --> 01:36:27,160
Speaker 1: we just see is that when you have a lack

1756
01:36:27,200 --> 01:36:30,400
Speaker 1: of coherence in strategy, what fills the void are the

1757
01:36:30,479 --> 01:36:36,240
Speaker 1: most powerful like immovable forces, which remains interventionism. And in

1758
01:36:36,439 --> 01:36:39,360
Speaker 1: that context, what are some of the danger points that

1759
01:36:39,439 --> 01:36:41,920
Speaker 1: we should look to. You know, people forget it may

1760
01:36:41,960 --> 01:36:43,680
Speaker 1: seem like it's been a long time. We're a very

1761
01:36:43,800 --> 01:36:46,360
Speaker 1: very short time. In the history of most conflicts, they

1762
01:36:46,439 --> 01:36:48,600
Speaker 1: last for years. I mean, what are some of the

1763
01:36:49,080 --> 01:36:51,320
Speaker 1: potential danger points that we could be coming up on

1764
01:36:51,439 --> 01:36:55,040
Speaker 1: in the near future. Well, I think we're already at

1765
01:36:55,200 --> 01:36:58,880
Speaker 1: one of them, which is where Zelenski asks for United

1766
01:36:58,920 --> 01:37:03,120
Speaker 1: States help and in achieving a diplomatic solution and doesn't

1767
01:37:03,160 --> 01:37:07,479
Speaker 1: really get an answer, because if the United States sort

1768
01:37:07,479 --> 01:37:12,240
Speaker 1: of essentially opts out of the diplomatic process, then it's

1769
01:37:12,920 --> 01:37:17,040
Speaker 1: Zelensky is no longer empowered to negotiate his way out

1770
01:37:17,080 --> 01:37:20,920
Speaker 1: of this conflict, and really Russia is really a war

1771
01:37:21,040 --> 01:37:25,920
Speaker 1: with US and not with Ukraine, and that massively complicates

1772
01:37:25,960 --> 01:37:28,519
Speaker 1: the situation. In other words, if Zelensky doesn't have the

1773
01:37:28,600 --> 01:37:31,240
Speaker 1: authority to sit at the table and say, all right,

1774
01:37:31,320 --> 01:37:34,120
Speaker 1: I accept those terms, the sanctions will be over tomorrow,

1775
01:37:36,320 --> 01:37:40,320
Speaker 1: then then we're at cross purposes. That then then this

1776
01:37:40,520 --> 01:37:43,160
Speaker 1: situation gets much more complicated. So I think I think

1777
01:37:43,240 --> 01:37:45,280
Speaker 1: that's one big thing is that if if we don't

1778
01:37:45,280 --> 01:37:49,080
Speaker 1: participate in a peace process, then then you know, that's

1779
01:37:49,120 --> 01:37:53,080
Speaker 1: that's a major indication. That's something much bigger already than

1780
01:37:53,120 --> 01:37:57,360
Speaker 1: what's going on is a foot I think that's all

1781
01:37:57,400 --> 01:38:00,400
Speaker 1: really valuable insight and perspective. Guys, go into the pbscribe

1782
01:38:00,439 --> 01:38:04,240
Speaker 1: to Matt Substack. His insights here are really invaluable. Thank

1783
01:38:04,240 --> 01:38:05,760
Speaker 1: you so much, Matt. Great to see you. Thanks man.

1784
01:38:05,840 --> 01:38:08,000
Speaker 1: Thanks so much. Chris Siger, good care, our pleasure. It's

1785
01:38:08,000 --> 01:38:10,439
Speaker 1: great to see you man. Thank you guys so much

1786
01:38:10,479 --> 01:38:12,960
Speaker 1: for watching. We really appreciate it. You know, look, it's

1787
01:38:13,000 --> 01:38:15,040
Speaker 1: been a fun week. I told you all. The Taylor

1788
01:38:15,200 --> 01:38:19,280
Speaker 1: Lorenz segment got to you montage. Still zero explanation from

1789
01:38:19,360 --> 01:38:22,360
Speaker 1: YouTube as to what exactly happened there, And that's exactly

1790
01:38:22,439 --> 01:38:26,360
Speaker 1: the issue. Being reliant on these ridiculous content policies, be

1791
01:38:26,479 --> 01:38:30,360
Speaker 1: it the election or this harassment, whatever that means exactly,

1792
01:38:30,600 --> 01:38:32,920
Speaker 1: just means that the only people can rely on are you.

1793
01:38:33,200 --> 01:38:36,519
Speaker 1: As we're actually talking more about our budget today, I mean, yeah,

1794
01:38:36,600 --> 01:38:38,880
Speaker 1: compared to CNN, you know, it's not that big, but

1795
01:38:39,200 --> 01:38:41,280
Speaker 1: we have all these three a lot for us. It's

1796
01:38:41,280 --> 01:38:44,080
Speaker 1: a lot, and in terms of our partnerships and the

1797
01:38:44,200 --> 01:38:47,000
Speaker 1: general costs of like running all this and editing time

1798
01:38:47,080 --> 01:38:49,639
Speaker 1: and continuing to hire and explore better ways to give

1799
01:38:49,680 --> 01:38:51,920
Speaker 1: you guys the mid terms, it's a lot of fun.

1800
01:38:52,040 --> 01:38:54,600
Speaker 1: And we have a very very big announcement that's going

1801
01:38:54,640 --> 01:38:57,400
Speaker 1: to be coming on our Monday show about what's happening

1802
01:38:57,640 --> 01:39:01,280
Speaker 1: next week. I'm really excited to debut. It involves a

1803
01:39:01,320 --> 01:39:03,040
Speaker 1: little bit of travel on our end, so that's a

1804
01:39:03,080 --> 01:39:05,519
Speaker 1: little bit of tease, but there's gonna be a big

1805
01:39:05,560 --> 01:39:07,479
Speaker 1: thing happening next week that you're all going to want

1806
01:39:07,520 --> 01:39:10,080
Speaker 1: to tune into, and our premium subscribers are going to

1807
01:39:10,160 --> 01:39:12,280
Speaker 1: get a very very special benefit that some of them

1808
01:39:12,320 --> 01:39:14,760
Speaker 1: have been asking for for a long time. So it's

1809
01:39:14,800 --> 01:39:17,120
Speaker 1: gonna be fun. We can't wait to debut it, and

1810
01:39:17,320 --> 01:39:19,519
Speaker 1: we'll see you all next week. That's right. We're expanding,

1811
01:39:19,600 --> 01:39:21,960
Speaker 1: we're adding, we're traveling, we're doing all the things, guys,

1812
01:39:22,400 --> 01:39:24,760
Speaker 1: and we couldn't be happier to have your support in

1813
01:39:24,880 --> 01:39:26,800
Speaker 1: all of it. So thank you, enjoy your weekend. We're

1814
01:39:26,800 --> 01:39:28,720
Speaker 1: gonna have some great content for you then, and we'll

1815
01:39:28,720 --> 01:39:30,439
Speaker 1: see you back here for a full show on Monday.