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Speaker 1: Hi, I'm Molly John Fast and this is Fast Politics,

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Speaker 1: where we discussed the top political headlines with some of

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Speaker 1: today's best minds, and President Trump's approval rating on the

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Speaker 1: economy has hit a record low of thirty one percent.

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Speaker 1: We have such a great show for you today. To

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Speaker 1: the contraries, Charlie Syke stops by to talk about Donald

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Speaker 1: Trump's unpopular reign over America. Then we'll talk to Jacob

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Speaker 1: Silverman about his new book, Gilded Rage and the latest

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Speaker 1: in crypto grips.

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Speaker 2: But first of the news, smile.

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Speaker 3: I have to say, I think this week the big

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Speaker 3: story overall is the GOP has gotten the memo that

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Speaker 3: Trump is governing very unpopular, and they're doing whatever the

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Speaker 3: fuck they want.

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Speaker 2: Now, I'm not sure that is mess.

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Speaker 4: It's starting to be a trend.

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Speaker 1: I think, well, certainly, this Indiana redistricting is a big deal.

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Speaker 1: So Donald Trump really wanted to get more seats out

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Speaker 1: of Indiana and he was able to do it with Texas.

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Speaker 1: Actually think what's more interesting is like Texas are cowards, right,

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Speaker 1: like they were just like we will do whatever you want,

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Speaker 1: whenever you want it. And what we're seeing here in

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Speaker 1: Indiana is Indiana was like nodice And the numbers are

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Speaker 1: twenty one Republicans joined with ten Democrats to reject the

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Speaker 1: state map, So this is twenty one. That's like a

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Speaker 1: lot of Republicans to say no to something. Like you

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Speaker 1: think about that for a minute, like that's a lot.

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Speaker 1: And when you think about these senate Republicans who were

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Speaker 1: such cowards who voted for RFK Junior even though they

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Speaker 1: knew he was going to be a disaster, like, yes,

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Speaker 1: there is definitely a sea change here, and these are

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Speaker 1: like local politicians in a very red state and they

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Speaker 1: said no. So it is interesting. I do think Trump

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Speaker 1: is less popular, but I also think this redistricting coming

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Speaker 1: into states. I mean this is so anti democratic too,

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Speaker 1: Like it's just that those Texas Republicans were so craven

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Speaker 1: they were happy to do it, agreed.

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Speaker 3: So we have new Epstein files photos. Some of them

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Speaker 3: are pretty intriguing, particularly though I think it's interesting. There's

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Speaker 3: a very interesting poll about Trump's handling of Epstein files,

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Speaker 3: and many Republicans are unwavering in their support for him.

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Speaker 1: Yeah, so, I mean, again, this is a big question, right,

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Speaker 1: So Republicans share of adults who believe Trump knew about

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Speaker 1: Epstein's alleged crimes before they were republic Okay, sixty percent

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Speaker 1: of all adults, eighty three percent of Democrats, and thirty

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Speaker 1: nine percent of Republicans. But I would say that actually

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Speaker 1: that's higher than I thought.

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Speaker 2: Believe it or not.

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Speaker 1: For the Republicans overall, fewer than a quarter of those

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Speaker 1: surveyed say they approve of Trump's handling of the Epstein's scandal.

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Speaker 1: As of this month, that's up from seventeen percent. So

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Speaker 1: what I think it's important to remember here when we

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Speaker 1: look at this is there are a percentage of Republicans

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Speaker 1: who believe that Trump knew about Epstein's crimes. And I

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Speaker 1: think Trump knowing about Epstein's crimes is a pretty provocative statement.

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Speaker 2: I'm going to use the word provocative.

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Speaker 1: Here because it means that they see that Trump has

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Speaker 1: not been on the level about Epstein. Now, does this

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Speaker 1: mean they think Donald Trump is doing what Epstein did?

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Speaker 1: Maybe not, but it certainly chips away at Trump's bace.

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Speaker 1: And you have to remember, like the Venn diagram of

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Speaker 1: people who wanted to end q andon right and who

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Speaker 1: wanted to elect Donald Trump, and his biggest supporters are

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Speaker 1: the people who were obsessed with q and on and

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Speaker 1: this is q Andon come true.

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Speaker 2: Ergo, it's really relevant.

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Speaker 3: It's that book. What prophecy fails is Rearly gets ugly

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Speaker 3: head again. Yeah, so yesterday we saw the House do

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Speaker 3: so hearings with one Christinome and then Homeland Security official

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Speaker 3: on Antifa. And the showings of these hearings from Trump

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Speaker 3: officials are usually pretty pathetic. This was I think the

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Speaker 3: lowest of woe I've seen personally.

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Speaker 1: Okay, FBI leader crumbles during basic questions about Antifa threat.

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Speaker 1: So that's the first thing they know, Antifa is really bad,

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Speaker 1: but they can't tell you what it is. Democratic Representative

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Speaker 1: Benny Thompson explains that it's anti fascism, and then this

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Speaker 1: guy from the FBI says it's a big threat, and

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Speaker 1: then Thompson as so where is Antifa headquartered. That's a

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Speaker 1: great example of something where it's really easy, if you

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Speaker 1: are smart, to ask questions that really poke holes in

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Speaker 1: some of this propaganda. Right, if Antifa is the biggest

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Speaker 1: domestic terrorist organization in America, why doesn't exist? You know?

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Speaker 2: And that's what this is.

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Speaker 1: So I thought that was he couldn't offer anything concrete

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Speaker 1: the answer The answers were fluid.

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Speaker 2: I'm going for us right.

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Speaker 1: That's because there is no Antifa, because there's no Antifau base,

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Speaker 1: because there is no Antifa.

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Speaker 4: That is correct.

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Speaker 3: But BII, we really really got to get into the

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Speaker 3: Christino appearance.

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Speaker 4: It was so funny.

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Speaker 2: She was like, Okay, but I have to go.

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Speaker 4: To a meeting that was canceled.

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Speaker 1: What's rever Well, it's also like, this is your job,

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Speaker 1: Like you can't multitask congressional hearings. And it's a great

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Speaker 1: example of like why congressional hearings are important and why

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Speaker 1: even if you're not in the majority, Like so often

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Speaker 1: you'll have people will say, well, you know you're not

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Speaker 1: in the majority, so you can't really do anything or

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Speaker 1: dah da da da. But the truth is, honestly, no,

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Speaker 1: man like this kind of stuff, Like these corrupt, trumpy

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Speaker 1: people really do kind of cave when you push back

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Speaker 1: or when you have hearings, and it freaks them out.

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Speaker 2: So do it.

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Speaker 3: So let's talk about another one of the silliest wars

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Speaker 3: of the many wars in America these days, the war

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Speaker 3: on Jerome Powell. Jerome really embarrassed mister Trump this week.

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Speaker 1: Yeah, so let's talk about this, Jerome pal says, the

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Speaker 1: economy probably isn't as good as the government claims. I'm

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Speaker 1: going to say like he probably did this because Jerome

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Speaker 1: Poalell is like a pretty careful guy, and my guess

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Speaker 1: is that he has some insight into this that we're

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Speaker 1: not seeing.

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Speaker 2: He said that staffers at the Fed think the government

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Speaker 2: could be overestimating the number of jobs created, and he

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Speaker 2: thinks they're overestimating by about sixty thousand each month. If

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Speaker 2: he is saying that, then he probably knews what he's

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Speaker 2: talking about. We think there's an overstatement in these numbers,

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Speaker 2: Pal says. And then you'll remember Trump is he did

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Speaker 2: fire the head of the Bureau in Labor Statistics when

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Speaker 2: he didn't like what he published. The Trump administration is

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Speaker 2: kind of obsessed.

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Speaker 1: Commerce Secretary Howard Luttne scrambled to blame Democrats and deflect

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Speaker 1: blame from the tariffs, because of course he did. Over

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Speaker 1: at our YouTube channel, we have some really exciting stuff.

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Speaker 1: Jesse and I have made a documentary. It's called Project

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Speaker 1: twenty twenty nine, A Reimagining. It's a series about how

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Speaker 1: democrats can deliver popular policies when they regain power. The

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Speaker 1: first episode is up now. It's the first part of

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Speaker 1: the series, and we're going to examine what went wrong

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Speaker 1: with some of the Biden administration's approach to policies that

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Speaker 1: may have prevented Democrats from being able to deliver the

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Speaker 1: broad anti corruption legislation that needed to happen, and by

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Speaker 1: the way, that would have prevented some of the corruption

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Speaker 1: we're seeing right now. The first episode dives deep into

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Speaker 1: the first step of fixing American politics. It may sound unsexy,

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Speaker 1: but it's a big, important issue, and that big subject

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Speaker 1: is campaign finance reform. For this episode, we talk to

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Speaker 1: some of the smartest people we know, professors and academics,

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Speaker 1: people like Lawrence Lessig, Tiffany Muller, Michael Waldman, and Tom Moore.

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Speaker 1: Republicans were prepared for when they got the levers of power.

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Speaker 1: Democrats need that same kind of preparation. That's why we

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Speaker 1: need to start the conversation on how Democrats can do

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Speaker 1: the same thing. So please head over to our YouTube

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Speaker 1: channel and search Molli Jong Fast Project twenty twenty nine

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Speaker 1: or go to the Fast Politics YouTube channel page and

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Speaker 1: you'll find it there and help us spread the word

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Speaker 1: and stay tuned for more episodes. Charlie Sykes is the

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Speaker 1: author of the Newsletter to the Contrary and the book

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Speaker 1: How the Right Lost Its Mind. Welcome back to fath Politics.

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Speaker 1: Charlie Sykes.

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Speaker 5: Hey, sorry that we don't have anything to talk about today.

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Speaker 1: Unbelievable, so bad. We got this dump of photos. I'm

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Speaker 1: going to read to you from the Daily Mail because

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Speaker 1: whenever you are whenever you think that The Daily Mail

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Speaker 1: is just fun gossip, it's always worth remembering that it's

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Speaker 1: in fact right wing poplum. Yeah, Democrats selectively released the

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Speaker 1: images from a collection of ninety five thousand from the

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Speaker 1: estate selectively, but they selected the one with Bill Clinton

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Speaker 1: in it.

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Speaker 5: Yeah, look, that's that's kind of the White House spin.

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Speaker 5: But at least they're not saying that they're fake or

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Speaker 5: their phony. But you know, it's just it's it's never

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Speaker 5: a good thing when your picture is taken associated with Epstein.

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Speaker 5: And you know, you and I have talked about this.

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Speaker 5: There there's a reason why Donald Trump and Mike Johnson

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Speaker 5: thought so hard not to have these files released. This

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Speaker 5: is just not a good thing for anybody's reputation. I mean, look,

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Speaker 5: so Bill Clinton's in there, and Prince Andrew's in there

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Speaker 5: and Steve Bannon, by the way, How how has Steve

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Speaker 5: Bannon not been roped into this thing earlier? I mean,

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Speaker 5: the blast radius keeps getting bigger and bigger, doesn't it.

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Speaker 1: They're taking mirror selfies of Steve Bannon and Jeff app

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Speaker 1: focusing at each and focusing on each other.

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Speaker 5: In the mirror, completely innocent, nothing going on here, nothing

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Speaker 5: to see. So again, what's what's the fallout on this?

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Speaker 5: I don't know it. It's kind of funny. Right before

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Speaker 5: we began taping, I got this call from my my

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Speaker 5: daughter lives in France, who says, Dad, what is this

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Speaker 5: Epstein thing about? What what's the fallout going to be?

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Speaker 5: And I said, I hadn't actually seen the dump yet,

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Speaker 5: but you know, internationally people are all wondering. That's that's

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Speaker 5: the big question. Does this go anywhere? Have we seen

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Speaker 5: anything we didn't see before? And there's something about, you know,

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Speaker 5: having the pictures that again, if if you're any politician

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Speaker 5: other than Donald Trump, could be career ending. But then

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Speaker 5: it's Donald Trump.

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Speaker 2: I think that it's pretty interesting.

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Speaker 1: Bill Gates and Woody Allen aren't a lot of the pictures,

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Speaker 1: but the picture that I wanted to talk about was

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Speaker 1: this picture the president is seen posing with six women

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Speaker 1: whose identities have all been redacted, And that feels like

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Speaker 1: just a really important bit to talk about because.

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Speaker 2: If you think about any you know, even if you

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Speaker 2: had I.

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Speaker 1: Mean Gavin Newsom made at French laundry, right, you all

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Speaker 1: know that they had a recall election, you know, like,

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Speaker 1: talk to me about in the years of covering and

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Speaker 1: also being someone who who has lived in the Republican spaces,

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Speaker 1: I mean what Trump has. I mean, there aren't even

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Speaker 1: Republican politicians who could do this.

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Speaker 5: No, there's not. And you have to go back to

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Speaker 5: October seventh, twenty sixteen. That was the day that the

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Speaker 5: Excess Hollywood video was released. And back in that you know,

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Speaker 5: kinder gentler time, everybody thought that would be career ending

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Speaker 5: because for any other politician it would be a lot

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Speaker 5: of Republicans backed away. But but well, you know what's

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Speaker 5: happened since then. You've had Republicans who swallowed one thing

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Speaker 5: after another, and look, a lot of this stuff is

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Speaker 5: baked in. You know, this is a party that that

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Speaker 5: that's stuck with the guy who you know, bragged about,

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Speaker 5: you know, grabbing women by the private parts and having

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Speaker 5: sex with the wives of his friends. And obviously the

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Speaker 5: jury finding him liable for sexual assault didn't face them.

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Speaker 5: The what is it two dozen women who come forward

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Speaker 5: and say he molested them? So you know, this is

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Speaker 5: part of the thing, is that, I mean, you've known

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Speaker 5: that Donald Trump has been a horn dog for decades, right,

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Speaker 5: So what what pushes it across the line for Republicans?

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Speaker 5: Quite frankly, I almost can't imagine what it would be

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Speaker 5: unless you actually catch him on pleagonte with with an

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Speaker 5: underage girl. And I'm not even sure that would do

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Speaker 5: it for some of these folks.

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Speaker 1: Yeah, I mean, I also think you don't need to

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Speaker 1: You don't necessarily need to have like jd. Vance disavowed Trump,

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Speaker 1: that's never happening. You just can chip away at ten

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Speaker 1: five percent. You know, people who go like this guy

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Speaker 1: told me QAnon was real, and all of a sudden,

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Speaker 1: now I'm seeing pictures of him with Jeffrey Epstein and

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Speaker 1: all these women with their face redacted.

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Speaker 5: Well, and again, of course, the big irony is that

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Speaker 5: it was a Trump world that elevated this story to

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Speaker 5: where it is. The reason we're talking about this is

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Speaker 5: because for years they were talking about this ring of

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Speaker 5: pedophiles and sex traffickers, and this was going to be

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Speaker 5: the big thing. And you had you know, Cash Bettell

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Speaker 5: and Dan Mangino saying we're going to release those files.

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Speaker 5: And earlier this year, you remember, earlier this year, Pam

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Speaker 5: Bondi was going to release them. So they have been

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Speaker 5: the hype squad on these Epstein files four years and

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Speaker 5: now well it's there's kind of a weird karma going

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Speaker 5: on here. Again. Look, the appetite of Republicans for breaking

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Speaker 5: with Trump, you know, continues to be limited. Although look

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Speaker 5: that vote on the Epstein releasing the Epstein files was

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Speaker 5: kind of a break the last moment, even for people

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Speaker 5: like Marjorie Taylor Green. I mean you trace back that

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Speaker 5: moment when things started cracking, that would be it. Yeah,

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Speaker 5: and you're seeing more and Mormon every day. I'm reading

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Speaker 5: about Republicans signing discharge petitions or defying Trump. I mean,

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Speaker 5: it's still small, it's still still straws in the wind, indeed,

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Speaker 5: but it's happening. India, Adam, that's a big fucking deal.

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Speaker 5: I'm sorry, that is that is a big story.

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Speaker 2: Yeah, let's talk about that.

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Speaker 1: We had twenty one, Republicans vote with the Democrats against

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Speaker 1: this partisan redistricting which Trump had sent jade Vans there twice.

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Speaker 5: Well, and the level of threats can't be overstated. I mean,

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Speaker 5: did you do you see that thing from Heritage Action

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Speaker 5: where they basically said, the President's made it clear that

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Speaker 5: if you don't do what he's what he wants, he's

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Speaker 5: going to cut off all federal funds to the state

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Speaker 5: of Indiana. You have the White House basically extorting an

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Speaker 5: entire state that if you don't give me this political win,

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Speaker 5: I'm going to cut off your road aid, you know,

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Speaker 5: closed down your National Guard, you know, the guard centers

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Speaker 5: and all of these things. Whether it was Coast go,

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Speaker 5: I don't know what it was. But you know, it

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Speaker 5: occurs to me that before we get to Republican courage,

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Speaker 5: we've been so nun that this act of of raw

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Speaker 5: political extortion isn't considered a crime in and of itself.

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Speaker 5: I mean, who threatens an entire state because of political actions?

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Speaker 5: But these Republicans stood up to Donald Trump. They defied

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Speaker 5: Donald Trump. And I think one of the keys is

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Speaker 5: that his bullying tactics backfired. And number two, there were

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Speaker 5: a bunch of them. As you point out, this was

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Speaker 5: collective action. And that's the thing that we've been missing

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Speaker 5: in terms of the Republicans creating critical mass of Republicans

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Speaker 5: willing to stand up against him. Trump can pick off

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Speaker 5: one or two, you know, if it's just Liz Cheney

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Speaker 5: or if just Adam Kinsinger, you can, he can, he

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Speaker 5: can take them on. But when it starts to be

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Speaker 5: Whinny State senators, they kind of got each other's back.

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Speaker 5: So this was a huge defeat for Donald Trump. And

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Speaker 5: it's a reminder to other Republicans, you know what, you

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Speaker 5: actually can say no to him. You can't tell Donald

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Speaker 5: Trump to stuff it.

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Speaker 2: Yeah.

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Speaker 1: I think it's a really important point. And you know

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Speaker 1: when you talk to experts on authoritarianism, they always say

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Speaker 1: something to that effect, right, like one person is going

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Speaker 1: to be easy to you know, go around, but twenty.

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Speaker 1: And that's the thing about the universities. If you're negotiating

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Speaker 1: just with Harvard, that's one thing, But if you're negotiating

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Speaker 1: with all the ivy's or all the state schools or

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Speaker 1: and I think that is what we're seeing. The only

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Speaker 1: successful way to push back against trump Ism is in mass.

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Speaker 5: That's what that's that's right, and and and I think

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Speaker 5: that look, a lot of Trump's power this year has

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Speaker 5: been based on the perception that he was irresistible. That

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Speaker 5: you know, I mean, that's what the law firms told themselves.

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Speaker 5: That's with the universities were telling themselves. It's Republicans. And

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Speaker 5: the moment you begin to realize, you know, maybe maybe

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Speaker 5: he can't do all of this stuff, that power begins

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Speaker 5: to fade. Now again, you know that I always cautioned

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Speaker 5: against irrational exuberance. He still he still is unchained. He

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Speaker 5: still is moving at ramming speed.

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Speaker 2: Yeah.

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Speaker 5: But in just in coms of law authoritarianism, the way

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Speaker 5: in which he uses blackmail and extortion to force governments

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Speaker 5: and private companies to bend to his will. I'm guessing

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Speaker 5: that somewhere in Budapest, Victor ORBN is thinking, shit, why

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Speaker 5: didn't I do that sooner? Why didn't I think of

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Speaker 5: that sort of thing? Yeah, and this is this is

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Speaker 5: not theoretical. This is actually happening and has happened. We've

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Speaker 5: already crossed those red lines.

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Speaker 2: Yeah. Yeah, I think that's a really good point.

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Speaker 1: And I also think it's it's important to remember that

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Speaker 1: the what happened with the law firms was sort of corporatey.

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Speaker 1: Lawyers worried about they were going to use clients, right,

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Speaker 1: that are other people going to get theirs? And then

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Speaker 1: what happened with the businesses was, you know, tech bros

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Speaker 1: who wanted government approvals, regulatory approvals, either for technology building

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Speaker 1: or for mergers. So it is like the people who

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Speaker 1: have really behaved in the most craven way is are

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Speaker 1: people who were incentivized by capitalism to some extent.

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Speaker 2: Not that I'm anti capitalist.

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Speaker 5: No, no, they were, and they could tell themselves with

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Speaker 5: some reason that this was the smart play. You get

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Speaker 5: billion dollar deals approved, you get corporate welfare, you get

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Speaker 5: a whole bunch of stuff. But this sort of thing,

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Speaker 5: you know, paying off and buying off the White House

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Speaker 5: is the smart move until it's not the smart move.

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Speaker 5: I thought, and I've said this before, so I'm sorry

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Speaker 5: to repeat myself, but I thought it was very interest

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Speaker 5: when Jamie Diamond, you know, the CEO of JP Morgan, said,

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Speaker 5: you know, we're not contributing to that big golden ballroom,

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Speaker 5: because there might come a time when there's a Department

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Speaker 5: of Justice is not controlled by Donald Trump, might be

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Speaker 5: rolled by Democrats, and they might come back to us

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Speaker 5: and say that looks like you were trying to buy influence.

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Speaker 5: There may be a time when this sort of thing,

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Speaker 5: you know, might not look like the smart move, in fact,

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Speaker 5: might put you in some sort of legal jeopardy. I

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Speaker 5: thought that was an interesting development that people began to think,

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Speaker 5: you know, this is not forever. You may think that

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Speaker 5: you've gained the system, but Donald Trump is not going

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Speaker 5: to be there forever handing out the fear and favor

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Speaker 5: and the grift and all of those things. So again,

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Speaker 5: I don't know, but the story in Indiana, the kinds

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Speaker 5: of threats, the kind of pressure that was brought against them,

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Speaker 5: and the fact that they stood up and said no.

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Speaker 5: And you can see that the Trump knows that's a

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Speaker 5: huge defeat because the rage in Maga, the threats from

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Speaker 5: JD Van's are pretty unhinged.

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Speaker 1: But also good on Jamie Diamond for saying that, because

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Speaker 1: you know, we see have seen so many I mean,

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Speaker 1: the richest man in the world, right and Mark Zuckerberg,

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Speaker 1: you know, people who and even like Jeff Bezos, who

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Speaker 1: could easily have said no. Is like now the Washington

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Speaker 1: Post just covers free markets.

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Speaker 5: There's so much free markets from Donald Trump.

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Speaker 1: I know.

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Speaker 5: I mean, look, I mean I feel like we've had

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Speaker 5: this discussion before, but I mean, these are people who

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Speaker 5: have fuck you money, and yet when it came right

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Speaker 5: down to it, you know, instead of saying fuck you,

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Speaker 5: they said, oh, yes, sir, yes, sir, I have another one.

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Speaker 5: And that, unfortunately also creates that collective action that when

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Speaker 5: the rich guys look around, going, well, if you're not

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Speaker 5: going to stand up against him, I'm not going to

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Speaker 5: stand up against him. I mean, this is again, you

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Speaker 5: know what happened in Indiana was you did have collective

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Speaker 5: action critical mass. If you had that with the universities,

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Speaker 5: if you had that with the law firms, if you

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Speaker 5: had that with civil society, Donald Trump would not have

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Speaker 5: been able to do a lot of things he's done

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Speaker 5: or plans to do in the future. So it's really

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Speaker 5: important to keep emphasizing that that you can't leave these

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Speaker 5: guys alone twisting in the wind.

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Speaker 1: Right exactly, and that they are meaningful and important and

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Speaker 1: what they did was meaningful and important. That it was

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Speaker 1: and in many ways braver than Liz Cheney, because Liz

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Speaker 1: Cheney is a big celebrity who lives in Washington, d C.

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Speaker 1: These guys are like, just like state legislators who are

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Speaker 1: not making a gazillion dollars, who cannot afford necessarily to

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Speaker 1: have you know, they're not going to get a book deal,

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Speaker 1: They're not gonna you know, be on television shows.

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Speaker 5: Yeah, and they don't care about it. I mean, these

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Speaker 5: are Midwestern hoosiers, right, and you know, and maybe that's

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Speaker 5: why they were willing to say no, because they had

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Speaker 5: less to lose. I mean, the thing about Donald Trump

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Speaker 5: is He's figured out I can bully the people who

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Speaker 5: have the most to lose, you know, if you're a

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Speaker 5: llegited I don't by the way, you even know how

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Speaker 5: much an Indiana senator gets paid. I'm guessing it's not

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Speaker 5: a lot of money.

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Speaker 1: Yeah.

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Speaker 5: And these guys have families, they have homes, they have businesses,

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Speaker 5: they have lies, and many of them might think, you

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Speaker 5: know what, I just don't need this. I just don't

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Speaker 5: need this stuff.

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Speaker 1: I wonder when we talk about this and the redistricting.

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Speaker 1: We saw this on Tuesday with some of the elections,

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Speaker 1: there is a real chance that there will be dummymandering

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Speaker 1: happening that with how unpopular trumpsm is right, I mean,

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Speaker 1: we could see this redistricting actually end up helping Democrats.

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Speaker 5: Actually, that could happen. I mean, this would be one

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Speaker 5: of the great ironies, right that this thing could boomerang

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Speaker 5: on them, because one of the things they're doing is

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Speaker 5: they were assuming, was they were redrawing those lines, that

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Speaker 5: the electoral trends that you saw in twenty twenty four

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Speaker 5: are going to continue. They're not. They're being reversed right now.

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Speaker 5: Also part of the problem is that in Republicans are

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Speaker 5: starting to realize this, you're watering down by breaking up

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Speaker 5: some of these Democratic districts, you are watering down the

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Speaker 5: margin in a Republican district. So here, here's the number

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Speaker 5: I gave David French when we did a podcast. Said,

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Speaker 5: let's say you have a sixty percent Republican district, solid

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Speaker 5: safe Republican seat, right, you don't have to worry about.

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Speaker 6: The general election.

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Speaker 5: But if you water that down as part of this gerrymandering,

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Speaker 5: and it becomes say a fifty four percent fifty three

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Speaker 5: percent district, that's a swing district now and you're seeing

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Speaker 5: swings of ten, eleven, twelve, thirteen points or more. If

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Speaker 5: you begin to apply that, you suddenly realize that it

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Speaker 5: doesn't matter how much of this gameplan you do, you

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Speaker 5: are facing a wipeout if you continue to I don't know,

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Speaker 5: you know, cling to these policies that the American people

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Speaker 5: are going. You know what, I didn't vote for this.

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Speaker 5: I voted for the guy in the ad. I didn't

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Speaker 5: vote for the guy who was, you know, blithering and

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Speaker 5: making these threats at the rally.

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Speaker 2: I didn't.

434
00:23:38,160 --> 00:23:40,280
Speaker 5: I didn't see the rally. I saw the ads, and

435
00:23:40,320 --> 00:23:42,000
Speaker 5: he was going to bring down prices, he was going

436
00:23:42,040 --> 00:23:44,920
Speaker 5: to make America strong, he was going to secure the border,

437
00:23:44,960 --> 00:23:47,119
Speaker 5: and he seemed like a substantive guy. And now a

438
00:23:47,200 --> 00:23:50,080
Speaker 5: lot of Americans are going, wait, wait, wait, this is

439
00:23:50,400 --> 00:23:53,400
Speaker 5: this is not what I thought. And I think you're

440
00:23:53,400 --> 00:23:55,080
Speaker 5: seeing that in the numbers. I mean, this is not

441
00:23:55,200 --> 00:23:58,200
Speaker 5: just anecdotal. You're seeing it in one election after another.

442
00:23:58,720 --> 00:24:02,199
Speaker 5: And may if I'm wrong. He's down to a thirty

443
00:24:02,320 --> 00:24:04,760
Speaker 5: one percent approval rating on the economy and the new

444
00:24:04,800 --> 00:24:07,120
Speaker 5: a people thirty one percent.

445
00:24:07,560 --> 00:24:09,920
Speaker 1: And also, one of the other things that I think

446
00:24:10,040 --> 00:24:13,600
Speaker 1: is so interesting about this moment is so the places

447
00:24:13,640 --> 00:24:18,320
Speaker 1: where he has managed to do better have been the

448
00:24:18,400 --> 00:24:19,879
Speaker 1: economy or do better.

449
00:24:19,920 --> 00:24:23,440
Speaker 2: He has had a better public. The public has thought him.

450
00:24:23,280 --> 00:24:25,960
Speaker 1: As better at we you know, the truth, But is

451
00:24:26,000 --> 00:24:28,639
Speaker 1: the economy and also immigration right?

452
00:24:28,680 --> 00:24:29,639
Speaker 2: The idea wasn't.

453
00:24:29,680 --> 00:24:32,080
Speaker 1: Actually I'd love to talk to you about this for

454
00:24:32,119 --> 00:24:35,320
Speaker 1: a minute, because the idea was that the people were

455
00:24:35,400 --> 00:24:40,000
Speaker 1: mad about the border under Biden. Okay, and that Trump

456
00:24:41,200 --> 00:24:43,360
Speaker 1: that he has cut down on a lot of immigration,

457
00:24:43,400 --> 00:24:43,879
Speaker 1: which we know.

458
00:24:44,080 --> 00:24:45,840
Speaker 2: We know there are people coming over the border.

459
00:24:45,880 --> 00:24:48,400
Speaker 1: We don't he's not deporting at the same levels as

460
00:24:48,400 --> 00:24:53,760
Speaker 1: Obama because he's actually incomfident. But he is definitely has

461
00:24:54,119 --> 00:24:56,760
Speaker 1: less people coming here for obvious reasons. They're not even

462
00:24:56,800 --> 00:25:00,280
Speaker 1: coming for visits. That's one of the reasons. But I

463
00:25:00,320 --> 00:25:03,960
Speaker 1: wonder if you could just talk through like as we

464
00:25:04,080 --> 00:25:08,240
Speaker 1: see this, you know he is now underwater on immigration

465
00:25:08,440 --> 00:25:11,440
Speaker 1: too and so and we're even seeing you know, soccer

466
00:25:11,520 --> 00:25:14,440
Speaker 1: moms in Illinois talking about abolishing ice.

467
00:25:15,040 --> 00:25:16,920
Speaker 2: So yes, make it makes sense.

468
00:25:17,040 --> 00:25:19,800
Speaker 5: Okay, well it doesn't make sense. The interesting thing about

469
00:25:19,800 --> 00:25:22,119
Speaker 5: that is that, you know, he could have made that

470
00:25:22,160 --> 00:25:24,600
Speaker 5: a complete winner by basically saying, Okay, I've secured the

471
00:25:24,600 --> 00:25:28,440
Speaker 5: border and then we're going to enforce deportation the way

472
00:25:28,440 --> 00:25:30,320
Speaker 5: my predecessors have. He doesn't have to say that. He's

473
00:25:30,359 --> 00:25:32,560
Speaker 5: going to say, you know, the biggest, you know, but

474
00:25:32,640 --> 00:25:36,000
Speaker 5: you don't have to be cruel about it. I mean, honestly,

475
00:25:36,440 --> 00:25:38,959
Speaker 5: I think that people you can you can be a

476
00:25:38,960 --> 00:25:41,040
Speaker 5: bouncer at a bar, you can be a cop, you

477
00:25:41,119 --> 00:25:43,440
Speaker 5: can be an ICE agent, you can be a National guardsman.

478
00:25:43,720 --> 00:25:46,639
Speaker 5: You don't need to be a performative asshole. And so

479
00:25:46,720 --> 00:25:48,879
Speaker 5: what people are seeing is they're seeing this kind of

480
00:25:48,920 --> 00:25:52,040
Speaker 5: cruelty and going, well, that doesn't seem necessary to me. Now,

481
00:25:52,320 --> 00:25:55,359
Speaker 5: Maga kind of loves the cruelty porn of you know,

482
00:25:55,400 --> 00:25:58,040
Speaker 5: people being thrown to the ground and stomped and windows

483
00:25:58,080 --> 00:25:59,880
Speaker 5: being broken. But I don't think that's what the sock

484
00:26:00,160 --> 00:26:03,120
Speaker 5: moms in Illinois are thinking about this. So he has

485
00:26:03,200 --> 00:26:07,040
Speaker 5: squandered what should have been his best issue, and he's

486
00:26:07,080 --> 00:26:10,000
Speaker 5: going to make it worse because he's pumped up one

487
00:26:10,119 --> 00:26:14,320
Speaker 5: hundred and fifty billion more dollars over the next four

488
00:26:14,400 --> 00:26:17,520
Speaker 5: years and Dice that will make ICE better funded than

489
00:26:17,520 --> 00:26:22,320
Speaker 5: most of the world militaries, including Israel's. And who do

490
00:26:22,359 --> 00:26:26,480
Speaker 5: you think and they're hiring ten thousand new agents, and Mollie,

491
00:26:26,880 --> 00:26:29,120
Speaker 5: who do you think is signing up for ICE right now?

492
00:26:29,119 --> 00:26:31,159
Speaker 5: And how do you think they're being trained? So do

493
00:26:31,200 --> 00:26:34,159
Speaker 5: you think this is going to become more prudent. Do

494
00:26:34,200 --> 00:26:36,040
Speaker 5: you think this is going to become kinder? You think

495
00:26:36,040 --> 00:26:38,919
Speaker 5: they're going to pivot away from the cruelty. No, what

496
00:26:39,200 --> 00:26:42,320
Speaker 5: happens when they run out of the you know, worst

497
00:26:42,440 --> 00:26:45,159
Speaker 5: of the worst. So this is a this is an

498
00:26:45,200 --> 00:26:47,879
Speaker 5: own goal I think by Donald Trump. And again it

499
00:26:48,000 --> 00:26:51,280
Speaker 5: is a legitimate position to say, we need to secure

500
00:26:51,320 --> 00:26:54,439
Speaker 5: the border and if you are a criminal, you know,

501
00:26:54,560 --> 00:26:57,320
Speaker 5: you should be put in prison or deported. That's what

502
00:26:57,400 --> 00:27:00,520
Speaker 5: people thought Donald Trump was going to do. And now

503
00:27:00,920 --> 00:27:02,919
Speaker 5: and for the last few months, they have been seeing

504
00:27:03,760 --> 00:27:07,240
Speaker 5: something I think that offends the innate sense of fairness

505
00:27:07,280 --> 00:27:11,399
Speaker 5: and dignity. And that's and that's that Stephen Miller, you know,

506
00:27:11,640 --> 00:27:13,840
Speaker 5: fetish for being as brutal as possible.

507
00:27:14,119 --> 00:27:17,560
Speaker 1: The other thing is they're clearly upset. The tariffs are

508
00:27:17,640 --> 00:27:21,480
Speaker 1: clearly unpopular. Yeah, and that's why is economic numbers are

509
00:27:21,560 --> 00:27:22,120
Speaker 1: not well.

510
00:27:22,160 --> 00:27:24,800
Speaker 5: Also, Look, you know, people have a lived reality, you know,

511
00:27:24,840 --> 00:27:27,159
Speaker 5: and this is something we talked about during the Biden years.

512
00:27:27,280 --> 00:27:29,080
Speaker 5: You know, you can say, and by the way, don't

513
00:27:29,119 --> 00:27:32,320
Speaker 5: confuse cost of living with inflation rates. Cost of living

514
00:27:32,359 --> 00:27:34,080
Speaker 5: is how much things cost, and things cost a lot

515
00:27:34,119 --> 00:27:36,479
Speaker 5: more than they cost five years ago. And so if

516
00:27:36,480 --> 00:27:39,720
Speaker 5: the inflation rate is down, which is not necessarily, it

517
00:27:39,840 --> 00:27:42,000
Speaker 5: just means that the cost of living is rising at

518
00:27:42,000 --> 00:27:45,080
Speaker 5: a slower rate. But people are still screwed. And so

519
00:27:45,240 --> 00:27:48,200
Speaker 5: Donald Trump, you know, and again I think he's tone

520
00:27:48,240 --> 00:27:50,480
Speaker 5: deaf on this issue, which is weird because this is,

521
00:27:50,520 --> 00:27:52,960
Speaker 5: you know, this is based on all the marbles that

522
00:27:53,119 --> 00:27:58,159
Speaker 5: whole going to Pennsylvania mocking affordability and then doing his

523
00:27:58,320 --> 00:28:02,760
Speaker 5: Marie Antoinette, you know, cosplaying like, yeah, I am a

524
00:28:02,800 --> 00:28:07,160
Speaker 5: billionaire who's building a golden ballroom, but you people don't

525
00:28:07,200 --> 00:28:11,600
Speaker 5: need more than two dollars or pencils. What the hell

526
00:28:11,680 --> 00:28:15,320
Speaker 5: is with that? So if if Republicans to think there's

527
00:28:15,359 --> 00:28:17,280
Speaker 5: going to be a pivot by Donald Trump, I come

528
00:28:17,320 --> 00:28:20,000
Speaker 5: to Jesus moment for Donald Trump. I think it's going

529
00:28:20,080 --> 00:28:22,679
Speaker 5: to dawn on them soon. They are royally screwed because

530
00:28:22,960 --> 00:28:26,280
Speaker 5: Donald Trump just doesn't get it and is not willing

531
00:28:26,320 --> 00:28:28,680
Speaker 5: to do it. And plus the tariffs, which he believes

532
00:28:28,680 --> 00:28:33,640
Speaker 5: in religiously, you know, are continue to hammer American consumers. Yeah,

533
00:28:33,840 --> 00:28:37,640
Speaker 5: Charlie Sykes, I hope he'll come back anytime.

534
00:28:39,760 --> 00:28:43,920
Speaker 1: Jacob Silverman is the author of the book Gilded Rage

535
00:28:44,040 --> 00:28:48,760
Speaker 1: Elon Musk and the radicalization of Silicon Valley. Welcome back,

536
00:28:48,920 --> 00:28:50,720
Speaker 1: Jacob to Fast Politics.

537
00:28:50,840 --> 00:28:51,640
Speaker 6: Thanks for having me.

538
00:28:51,840 --> 00:28:55,560
Speaker 1: So crypto turned out to be a really solid kind

539
00:28:55,560 --> 00:28:56,840
Speaker 1: of currency.

540
00:28:56,360 --> 00:28:58,760
Speaker 2: That is not at all tied to the markets. I'm

541
00:28:58,760 --> 00:29:00,480
Speaker 2: being ironic. Tell us where we are.

542
00:29:00,600 --> 00:29:03,640
Speaker 7: Crypto is down, at least in the last few months

543
00:29:03,640 --> 00:29:07,440
Speaker 7: from its record highs. You know, classic volatility of these

544
00:29:07,440 --> 00:29:11,280
Speaker 7: like very corrupt markets that are now regulated by their

545
00:29:11,320 --> 00:29:13,800
Speaker 7: own hand picked system of regulators.

546
00:29:14,160 --> 00:29:14,600
Speaker 2: Vibes.

547
00:29:14,880 --> 00:29:17,480
Speaker 7: Yeah, They've gotten everything that they wanted from the Trump administration.

548
00:29:17,560 --> 00:29:20,760
Speaker 7: There's still probably another market Structure bill, as they call it,

549
00:29:20,800 --> 00:29:23,760
Speaker 7: to come, but you know, they legalize stable coins with

550
00:29:23,920 --> 00:29:27,040
Speaker 7: the Genius Act, thanks to some help from Kirsten Jilbrand

551
00:29:27,040 --> 00:29:30,040
Speaker 7: other Democrats, and that's going to help Trump become very rich.

552
00:29:30,240 --> 00:29:32,520
Speaker 1: Some of the people on this podcast are not as

553
00:29:32,720 --> 00:29:34,840
Speaker 1: tapped into this vernacular.

554
00:29:35,000 --> 00:29:36,000
Speaker 2: What are stable coins?

555
00:29:36,160 --> 00:29:38,800
Speaker 7: So a lot of cryptotokens are ones that you're familiar with,

556
00:29:38,800 --> 00:29:41,440
Speaker 7: like bitcoin or ethereum, that have a value attached to

557
00:29:41,480 --> 00:29:45,920
Speaker 7: them that fluctuate according to whatever the exchange, yeah, or

558
00:29:45,960 --> 00:29:48,080
Speaker 7: how much someone's buying that day, or how much someone's

559
00:29:48,080 --> 00:29:51,040
Speaker 7: putting in Trump's pocket. Trump through world Liberty Financial his

560
00:29:51,160 --> 00:29:54,680
Speaker 7: main crypto vehicle. He has the World Liberty Financial token,

561
00:29:54,720 --> 00:29:56,640
Speaker 7: which goes up and down in value, and then they

562
00:29:56,640 --> 00:29:59,520
Speaker 7: have a stable coin called USD one, and stable coins

563
00:29:59,520 --> 00:30:02,320
Speaker 7: are generally peg to the US dollar. They're supposed to

564
00:30:02,360 --> 00:30:04,720
Speaker 7: have a constant value. It kind of depends on the

565
00:30:04,720 --> 00:30:08,440
Speaker 7: trustworthiness of the company behind them, and they become sort

566
00:30:08,440 --> 00:30:11,200
Speaker 7: of like the chips used in the casino and a

567
00:30:11,240 --> 00:30:14,680
Speaker 7: lot of people in crypto transactions basically convert dollars into

568
00:30:14,720 --> 00:30:18,320
Speaker 7: stable coins, so that instead of a million dollar US dollars,

569
00:30:18,360 --> 00:30:21,960
Speaker 7: you have a million USD one Trump stable coins because

570
00:30:22,200 --> 00:30:25,000
Speaker 7: there are ways to do stuff that's outside the normal

571
00:30:25,040 --> 00:30:26,240
Speaker 7: regulated economy and it.

572
00:30:26,280 --> 00:30:27,600
Speaker 6: Kind of makes life easier there.

573
00:30:27,720 --> 00:30:32,040
Speaker 7: And the Genius Act basically helped legitimize and regulate and

574
00:30:32,040 --> 00:30:34,680
Speaker 7: bring this market on shore to the United States in

575
00:30:34,720 --> 00:30:37,000
Speaker 7: a way that it hadn't been legally.

576
00:30:36,640 --> 00:30:37,280
Speaker 6: Before at all.

577
00:30:37,680 --> 00:30:40,760
Speaker 7: Most of it's overseas with some very shady companies behind it,

578
00:30:41,000 --> 00:30:43,360
Speaker 7: and now they have an on ramp into the US

579
00:30:43,360 --> 00:30:45,760
Speaker 7: financial market, and there're gonna be a lot of companies

580
00:30:45,760 --> 00:30:47,720
Speaker 7: that they'll probably introduce stable coins, like you're gonna be

581
00:30:47,720 --> 00:30:50,320
Speaker 7: logging onto your PayPal account or even just other online

582
00:30:50,360 --> 00:30:53,080
Speaker 7: shopping accounts and they'll probably want you to buy their coin.

583
00:30:53,240 --> 00:30:54,560
Speaker 7: And we're just gonna see a lot more of this,

584
00:30:54,640 --> 00:30:57,600
Speaker 7: and it's another way to kind of bleed consumers dry

585
00:30:57,760 --> 00:31:00,840
Speaker 7: while helping like these cryptoly under more money.

586
00:31:00,960 --> 00:31:04,680
Speaker 1: So we have stable coin. It is not regulated. It's new,

587
00:31:04,880 --> 00:31:08,160
Speaker 1: but it's sort of nothing is regulated. Just explain where

588
00:31:08,200 --> 00:31:08,720
Speaker 1: we are with that.

589
00:31:09,160 --> 00:31:13,080
Speaker 7: Most of the binary regulations have either been dismantled or

590
00:31:13,240 --> 00:31:17,160
Speaker 7: especially in the forms of enforcement organizations at like units

591
00:31:17,200 --> 00:31:20,760
Speaker 7: within the SEC, FBI and elsewhere that were focused on

592
00:31:21,000 --> 00:31:24,560
Speaker 7: crypto crime broadly and illicit finance. And then you also

593
00:31:24,600 --> 00:31:27,280
Speaker 7: had the outright pardon of a lot of people who

594
00:31:27,280 --> 00:31:30,719
Speaker 7: have committed fraud or various financial crimes connected to crypto,

595
00:31:30,840 --> 00:31:34,000
Speaker 7: something like Clear's Day. And you had also then the

596
00:31:34,160 --> 00:31:37,600
Speaker 7: kind of pay to play pardons or dropping of investigations

597
00:31:37,680 --> 00:31:41,200
Speaker 7: with people like Justin Sun and cz who's the head

598
00:31:41,200 --> 00:31:44,000
Speaker 7: of Binance, and these are very shady, you know, international

599
00:31:44,000 --> 00:31:47,400
Speaker 7: crypto entrepreneurs. So kind of at all levels, you've had

600
00:31:47,400 --> 00:31:50,680
Speaker 7: a dismantling of any rule of law, checks and balances.

601
00:31:51,040 --> 00:31:53,280
Speaker 7: The legislative part is the last piece of that, I

602
00:31:53,280 --> 00:31:56,360
Speaker 7: guess with the Genius Act, and then this market Structure

603
00:31:56,400 --> 00:31:59,000
Speaker 7: bill that they've also called the Clarity Act, and you know,

604
00:31:59,040 --> 00:32:01,760
Speaker 7: that'll cement a lot these things that allow the crypto

605
00:32:01,760 --> 00:32:05,000
Speaker 7: companies to make big bets and to issue their products

606
00:32:05,000 --> 00:32:07,200
Speaker 7: in the US, to have access to money from Wall

607
00:32:07,200 --> 00:32:09,320
Speaker 7: Street which they didn't before, to be able to bank

608
00:32:09,360 --> 00:32:11,440
Speaker 7: normally here in the US, which there were just a

609
00:32:11,480 --> 00:32:12,720
Speaker 7: lot of policies.

610
00:32:12,320 --> 00:32:14,160
Speaker 6: Kind of keeping that in check. Like you may not

611
00:32:14,240 --> 00:32:14,600
Speaker 6: think of.

612
00:32:14,560 --> 00:32:17,600
Speaker 7: Wall Street banks as risk averse, but they were actually

613
00:32:17,640 --> 00:32:20,480
Speaker 7: really reluctant to do deals with with crypto companies or

614
00:32:20,520 --> 00:32:23,480
Speaker 7: to you know, hold their assets for good reason, I think.

615
00:32:23,560 --> 00:32:25,920
Speaker 6: And now there's a total green light from the administration.

616
00:32:26,240 --> 00:32:28,720
Speaker 1: Let's talk about the Genius Act. I sort of saw it,

617
00:32:28,760 --> 00:32:31,760
Speaker 1: but I don't really understand. So talk us through what

618
00:32:31,840 --> 00:32:33,040
Speaker 1: that is and what that does.

619
00:32:33,400 --> 00:32:36,760
Speaker 7: So the Genius Act allows stable coins, which is this

620
00:32:36,960 --> 00:32:40,280
Speaker 7: two hundred and fifty billion dollar plus market of digital dollars,

621
00:32:40,400 --> 00:32:42,520
Speaker 7: to basically come on shore to the US, and for

622
00:32:42,640 --> 00:32:45,080
Speaker 7: companies here in the US to start issuing their own

623
00:32:45,160 --> 00:32:47,360
Speaker 7: stable coins, their own digital dollars if they want to.

624
00:32:47,480 --> 00:32:49,720
Speaker 7: You know, so if a company like Amazons, they might

625
00:32:49,760 --> 00:32:52,480
Speaker 7: say in the future, hey, if you buy with Amazon Bucks,

626
00:32:52,560 --> 00:32:54,640
Speaker 7: we'll give you a ten percent discount, and they're you know,

627
00:32:54,680 --> 00:32:57,440
Speaker 7: there are reasons why companies will want real dollars and

628
00:32:57,440 --> 00:32:58,959
Speaker 7: they'll be able to issue their own and then they

629
00:32:58,960 --> 00:33:01,400
Speaker 7: can take your real dollars and put them into short

630
00:33:01,520 --> 00:33:06,240
Speaker 7: term treasuries or a yeah, And the idea is also

631
00:33:06,280 --> 00:33:07,800
Speaker 7: that you know, at some point you might want to

632
00:33:07,840 --> 00:33:10,480
Speaker 7: redeem your stable coins and say I want my real

633
00:33:10,520 --> 00:33:12,560
Speaker 7: dollars back. But in the meantime, you know, they get

634
00:33:12,560 --> 00:33:14,120
Speaker 7: a lot of money to play around with, and the

635
00:33:14,440 --> 00:33:17,480
Speaker 7: smarter operators find out ways that they never have to

636
00:33:17,520 --> 00:33:19,960
Speaker 7: really let you redeem. And that's what this company called

637
00:33:20,000 --> 00:33:23,480
Speaker 7: Teather actually is notorious for. And it's not necessarily something

638
00:33:23,520 --> 00:33:26,680
Speaker 7: that's needed. It's needed only if you want to legitimize

639
00:33:26,680 --> 00:33:29,400
Speaker 7: this industry and give the crypto industry what it want.

640
00:33:29,440 --> 00:33:32,320
Speaker 7: It's not they're not necessarily like economic benefits that they'll

641
00:33:32,320 --> 00:33:35,320
Speaker 7: claim ones. But to American consumers, this is not a

642
00:33:35,360 --> 00:33:37,719
Speaker 7: smarter way to bank or to shop online.

643
00:33:37,840 --> 00:33:39,400
Speaker 2: This is a genius act.

644
00:33:39,400 --> 00:33:42,040
Speaker 7: That's right, and that's what gives us a legal stable

645
00:33:42,080 --> 00:33:44,680
Speaker 7: coin market that could grow to be very big just

646
00:33:44,720 --> 00:33:47,840
Speaker 7: because any company that interacts with you online or especially

647
00:33:47,920 --> 00:33:51,240
Speaker 7: that in a shopping capacity or like any social media

648
00:33:51,240 --> 00:33:53,880
Speaker 7: platform is going to try to become a payments platform

649
00:33:53,920 --> 00:33:55,880
Speaker 7: also and have its own stable coins. And you know,

650
00:33:55,920 --> 00:33:59,040
Speaker 7: most importantly is it helps legitimize what Trump is doing

651
00:33:59,120 --> 00:34:01,600
Speaker 7: with his own because his main crypto company has a

652
00:34:01,640 --> 00:34:05,040
Speaker 7: stable coin. It's been used in some very shady deals already.

653
00:34:05,120 --> 00:34:08,200
Speaker 7: It's gonna be the main vehicle probably for people to

654
00:34:08,280 --> 00:34:11,080
Speaker 7: funnel billions of dollars to Trump, like pretty much unending

655
00:34:11,320 --> 00:34:12,120
Speaker 7: amounts of money.

656
00:34:12,280 --> 00:34:15,400
Speaker 2: Explain to us how Kristen Cinema gets involved in this.

657
00:34:16,040 --> 00:34:19,480
Speaker 7: She's lobbying, I believe, on behalf of this, and she

658
00:34:19,840 --> 00:34:24,360
Speaker 7: has started bringing local Arizona politicians, it seems, with money

659
00:34:24,360 --> 00:34:27,560
Speaker 7: coming against them. What happened was during the twenty twenty

660
00:34:27,560 --> 00:34:31,280
Speaker 7: four election, the crypto industry now infamously became the largest

661
00:34:31,280 --> 00:34:34,680
Speaker 7: donor by industry, and they got a lot. I mean,

662
00:34:34,680 --> 00:34:36,640
Speaker 7: they got pretty much what they wanted. And now they're

663
00:34:36,680 --> 00:34:40,000
Speaker 7: snapping up people like Cinema, and that's also converging with

664
00:34:40,120 --> 00:34:43,319
Speaker 7: kind of the AI and data center buildout and which

665
00:34:43,360 --> 00:34:45,560
Speaker 7: is kind of the only other game in town for

666
00:34:46,000 --> 00:34:49,080
Speaker 7: the tech industry, and that's where all kind of money

667
00:34:49,120 --> 00:34:50,640
Speaker 7: and influence pedaling is going.

668
00:34:50,880 --> 00:34:54,520
Speaker 1: We have Crypto, which is pouring money into American elections.

669
00:34:54,840 --> 00:34:58,080
Speaker 1: The goal is to pump up a sort of other

670
00:34:58,480 --> 00:35:02,800
Speaker 1: kind of debt. It's basically credit card based on nothing.

671
00:35:03,120 --> 00:35:04,560
Speaker 6: Right, Yeah, we're going to have a.

672
00:35:04,480 --> 00:35:07,560
Speaker 1: Sort of two thousand and eight debt crisis from crypto,

673
00:35:07,760 --> 00:35:10,440
Speaker 1: which is going to be even worse because it's not

674
00:35:10,520 --> 00:35:12,160
Speaker 1: even based on debt, it's based.

675
00:35:11,920 --> 00:35:12,800
Speaker 2: On sort of gambling.

676
00:35:12,960 --> 00:35:16,040
Speaker 1: And then we have these data centers, which is another

677
00:35:16,360 --> 00:35:19,080
Speaker 1: which is the way in which tech and debt can

678
00:35:19,160 --> 00:35:22,239
Speaker 1: also get involved with ruining our environment. Talk us through

679
00:35:22,320 --> 00:35:25,600
Speaker 1: the data center to make AI slop. It's like something

680
00:35:25,640 --> 00:35:26,839
Speaker 1: out of a dystopia.

681
00:35:27,360 --> 00:35:29,600
Speaker 7: And I think the constant question or the question we

682
00:35:29,600 --> 00:35:30,920
Speaker 7: should be asking a lot is you know, what do

683
00:35:30,960 --> 00:35:32,600
Speaker 7: we get out of this, you know, with crypto or

684
00:35:32,640 --> 00:35:33,520
Speaker 7: not getting very much?

685
00:35:33,600 --> 00:35:35,239
Speaker 6: And we could go through that more.

686
00:35:35,280 --> 00:35:38,880
Speaker 7: But with the AI stuff, we're getting labor disruption systems

687
00:35:38,880 --> 00:35:41,480
Speaker 7: that hallucain don't really work, you know, the decline of

688
00:35:41,560 --> 00:35:44,600
Speaker 7: human thought. And then for a lot of people, higher

689
00:35:44,600 --> 00:35:48,799
Speaker 7: electricity prices or poor water conditions, or you know, these

690
00:35:48,840 --> 00:35:52,320
Speaker 7: massive infrastructure projects that come in ten million dollars spent

691
00:35:52,560 --> 00:35:54,520
Speaker 7: or twenty million dollars spent by a company like Google

692
00:35:54,520 --> 00:35:57,799
Speaker 7: and their private equity partners in Texas or Virginia or Georgia,

693
00:35:57,840 --> 00:36:01,719
Speaker 7: and there aren't long term jobs really associate with these projects.

694
00:36:01,719 --> 00:36:04,640
Speaker 7: And right now we're entering the stage where we're kind

695
00:36:04,680 --> 00:36:07,560
Speaker 7: of starting to see the exotic debt instruments like the

696
00:36:07,600 --> 00:36:10,280
Speaker 7: two thousand and eight style kind of credit default swaps

697
00:36:10,320 --> 00:36:13,440
Speaker 7: but for data centers, and the kind of believe the

698
00:36:13,480 --> 00:36:16,839
Speaker 7: weird financial instruments and these circular deals because there are

699
00:36:16,840 --> 00:36:19,680
Speaker 7: only a couple companies here actually like making money, and

700
00:36:19,800 --> 00:36:22,160
Speaker 7: N Video makes most of the chips, though Google's now

701
00:36:22,480 --> 00:36:24,880
Speaker 7: coming up behind them, so now there's like, you know,

702
00:36:25,040 --> 00:36:28,000
Speaker 7: N Video loaning companies money to buy its own chips,

703
00:36:28,040 --> 00:36:30,000
Speaker 7: and that's like one of a simple version of one

704
00:36:30,080 --> 00:36:31,719
Speaker 7: of these basically a lot of like I give you

705
00:36:31,760 --> 00:36:33,319
Speaker 7: money to give me, to give it back to me

706
00:36:33,360 --> 00:36:35,520
Speaker 7: and stuff like that, or to pay at a later date.

707
00:36:35,560 --> 00:36:37,520
Speaker 7: And you know, it just doesn't look very good because

708
00:36:37,520 --> 00:36:40,080
Speaker 7: where's the economic productivity? It's I mean, that's what I've

709
00:36:40,120 --> 00:36:42,320
Speaker 7: been saying about crypto for years. It's like, where's the

710
00:36:42,360 --> 00:36:45,279
Speaker 7: actual value and we're not seeing it yet, And there'll

711
00:36:45,280 --> 00:36:48,400
Speaker 7: be some kind of bursting of this bubble, maybe open

712
00:36:48,440 --> 00:36:51,160
Speaker 7: AI will provoke it because it has promised to spend

713
00:36:51,360 --> 00:36:54,280
Speaker 7: trillions of dollars that it won't have at some point.

714
00:36:54,360 --> 00:36:56,800
Speaker 7: But that's the cliff we're all headed off of, basically

715
00:36:57,200 --> 00:37:01,200
Speaker 7: with enthusiastics of for the Trump administration. Who's source said like, Okay, yeah,

716
00:37:01,200 --> 00:37:03,840
Speaker 7: we're just going to delegate industrial policies to tech and AI.

717
00:37:04,400 --> 00:37:06,800
Speaker 2: So let's talk about gilded rage.

718
00:37:07,000 --> 00:37:10,320
Speaker 1: So explain to me this book you've written about crypto

719
00:37:10,480 --> 00:37:10,880
Speaker 1: a lot.

720
00:37:11,040 --> 00:37:13,360
Speaker 2: This gets you to this other idea.

721
00:37:13,680 --> 00:37:17,440
Speaker 7: I have been looking at the increasingly prominent right wing

722
00:37:17,719 --> 00:37:21,160
Speaker 7: tech elite and beyond people like Peter Thiel or even

723
00:37:21,200 --> 00:37:23,600
Speaker 7: David Sachs who have long been right winger.

724
00:37:23,760 --> 00:37:27,280
Speaker 6: David Sachs, Yeah, the Vest he's doing great.

725
00:37:27,080 --> 00:37:30,400
Speaker 1: Now, favorite because he's like the worst, Like he's just

726
00:37:30,520 --> 00:37:33,080
Speaker 1: the dumbest, and he constantly gets into trouble and you

727
00:37:33,120 --> 00:37:35,720
Speaker 1: can just tell he's like the one who's headed to jail.

728
00:37:35,800 --> 00:37:36,480
Speaker 2: But go on yet.

729
00:37:37,480 --> 00:37:40,280
Speaker 7: Yeah, he has this company he invested in called Done Global,

730
00:37:40,320 --> 00:37:42,600
Speaker 7: which he's tried to wipe all traces up from his

731
00:37:42,640 --> 00:37:46,120
Speaker 7: company website. It was supposed to be a telehealth company.

732
00:37:46,440 --> 00:37:48,680
Speaker 7: It turned out to be an adderall pill mill and

733
00:37:48,880 --> 00:37:51,080
Speaker 7: CEO was just convicted a couple of weeks ago of

734
00:37:51,120 --> 00:37:54,160
Speaker 7: a number of crimes. So while all the administrations prosecuting

735
00:37:54,200 --> 00:37:56,920
Speaker 7: a new drug war, there's also you know, David Sacks's

736
00:37:56,920 --> 00:37:57,520
Speaker 7: old investment.

737
00:37:58,960 --> 00:38:00,120
Speaker 6: Yeah, it was great.

738
00:38:00,719 --> 00:38:04,080
Speaker 7: Anyway, I was struck by this emerging right wing tech

739
00:38:04,080 --> 00:38:06,439
Speaker 7: elite and how they're also putting some of their money

740
00:38:06,480 --> 00:38:09,120
Speaker 7: into politics, because, especially first in San Francisco, they're seeing

741
00:38:09,160 --> 00:38:11,120
Speaker 7: a pretty good ROI as they say.

742
00:38:11,040 --> 00:38:12,640
Speaker 2: Are you talking about David Lourie there?

743
00:38:12,880 --> 00:38:15,320
Speaker 7: Yeah, well even before that, when they recalled Chase a

744
00:38:15,400 --> 00:38:18,080
Speaker 7: Booting or recalled members of the San Francisco School Board,

745
00:38:18,239 --> 00:38:20,839
Speaker 7: that's where things really started emerging, I think. And then

746
00:38:20,880 --> 00:38:24,000
Speaker 7: now they do have like a kind of tech favored mayor.

747
00:38:24,000 --> 00:38:27,000
Speaker 2: Just for me because I sort of have liked David Lurie.

748
00:38:27,040 --> 00:38:28,799
Speaker 2: Am I wrong to like David Lurie?

749
00:38:29,120 --> 00:38:31,560
Speaker 7: I don't think necessarily? I mean I also would say,

750
00:38:31,600 --> 00:38:33,040
Speaker 7: you know, in some ways it's early. I mean he

751
00:38:33,080 --> 00:38:36,520
Speaker 7: did but make Sam Altman, chair of his transition committee,

752
00:38:37,960 --> 00:38:40,879
Speaker 7: made some concessions to like the tech elites. And if

753
00:38:40,920 --> 00:38:43,600
Speaker 7: you're you know, if you're a strident left to you

754
00:38:43,680 --> 00:38:44,720
Speaker 7: probably wouldn't.

755
00:38:44,719 --> 00:38:46,120
Speaker 6: But I don't know what I've seen.

756
00:38:46,120 --> 00:38:48,439
Speaker 7: Also is that, Especially writing about some of these recall

757
00:38:48,520 --> 00:38:50,920
Speaker 7: elections in San Francisco, people kind of aren't given enough

758
00:38:50,960 --> 00:38:53,680
Speaker 7: time to actually govern. And I'm not saying I'm coming

759
00:38:53,719 --> 00:38:56,719
Speaker 7: to Lurie as a fan necessarily, but people like Chase

760
00:38:56,719 --> 00:38:58,880
Speaker 7: a booting or there's a recall of a supervisor just

761
00:38:58,880 --> 00:39:01,240
Speaker 7: recently who was heavily involve in the booty and recall,

762
00:39:01,360 --> 00:39:03,560
Speaker 7: these people aren't allowed to finish out terms because there's

763
00:39:03,560 --> 00:39:06,399
Speaker 7: so much billionaire money now and people get pissed off

764
00:39:06,400 --> 00:39:08,680
Speaker 7: by one thing and then the money comes in, and

765
00:39:08,760 --> 00:39:10,520
Speaker 7: so I think that on its own has been so

766
00:39:10,600 --> 00:39:13,520
Speaker 7: disruptive to San Francisco politics. So I'm kind of wait

767
00:39:13,560 --> 00:39:15,440
Speaker 7: and see if that's an acceptable answer on Leuring.

768
00:39:15,520 --> 00:39:16,879
Speaker 2: No, that's a good answer, But.

769
00:39:16,880 --> 00:39:18,680
Speaker 7: I think more broadly, like you have a group of

770
00:39:18,719 --> 00:39:21,239
Speaker 7: people who their most hardcore members are not fans of

771
00:39:21,280 --> 00:39:25,200
Speaker 7: democracy and became really frustrated with any sort of impediments

772
00:39:25,280 --> 00:39:28,239
Speaker 7: from the state, from the culture, from their own employees

773
00:39:28,239 --> 00:39:30,600
Speaker 7: protesting against say work for the government or work for

774
00:39:30,600 --> 00:39:33,719
Speaker 7: the Israeli government, and they were ready to just you know,

775
00:39:33,880 --> 00:39:36,200
Speaker 7: put their foot on the accelerator and start spending as

776
00:39:36,280 --> 00:39:38,760
Speaker 7: much Saudi cash as they could to kind of invent

777
00:39:38,840 --> 00:39:41,120
Speaker 7: this future that they think have been denied to them

778
00:39:41,160 --> 00:39:44,919
Speaker 7: and have been denied by tech critics and by regulators

779
00:39:44,960 --> 00:39:48,000
Speaker 7: and by Democrats and by Lena Khan and all their

780
00:39:48,080 --> 00:39:48,840
Speaker 7: various enemies.

781
00:39:48,880 --> 00:39:51,279
Speaker 6: And this, I think, you know, dove tail also with.

782
00:39:51,280 --> 00:39:56,320
Speaker 7: Kind of the rise of maga reactionary thought, especially during COVID,

783
00:39:56,800 --> 00:39:59,480
Speaker 7: when they shared a lot of the same cultural grievances,

784
00:40:00,080 --> 00:40:03,120
Speaker 7: you know, from transphobia in the case of Musk to

785
00:40:03,920 --> 00:40:07,520
Speaker 7: just sort of angry at supposed Biden government overreach. And

786
00:40:07,840 --> 00:40:09,440
Speaker 7: that is broadly I think how a lot of this

787
00:40:09,520 --> 00:40:12,160
Speaker 7: came together, but it really does stem from this fact

788
00:40:12,200 --> 00:40:14,799
Speaker 7: that these guys are a hard drug addle billionaires with

789
00:40:14,880 --> 00:40:17,040
Speaker 7: unlimited amounts of money who think that they have an

790
00:40:17,080 --> 00:40:19,080
Speaker 7: almost a genetic right to rule.

791
00:40:19,600 --> 00:40:23,520
Speaker 1: So let's talk about the sort of crew there though,

792
00:40:23,600 --> 00:40:26,640
Speaker 1: because I think they're great characters, and by great I

793
00:40:26,719 --> 00:40:31,520
Speaker 1: mean novelistically great, not morally great, morally very dicey. So

794
00:40:31,600 --> 00:40:37,840
Speaker 1: who are the kind of besides Moss and David Zachs,

795
00:40:37,880 --> 00:40:40,560
Speaker 1: who are the sort of main and Peter til So.

796
00:40:40,719 --> 00:40:42,959
Speaker 7: Some of this group is called the PayPal mafia, which

797
00:40:43,040 --> 00:40:46,440
Speaker 7: is that early PayPal group, but also a lot of

798
00:40:46,520 --> 00:40:49,520
Speaker 7: them came out of Stanford, where Peter Tiel founded a

799
00:40:49,640 --> 00:40:52,040
Speaker 7: newspaper called The Stanford Review, a conservative paper that he

800
00:40:52,120 --> 00:40:55,759
Speaker 7: still hires people from. Like that pipeline he developed, and

801
00:40:55,800 --> 00:40:58,239
Speaker 7: it has remained very important for someone who complains about

802
00:40:58,239 --> 00:41:00,640
Speaker 7: colleges a lot. He goes and beak set them and

803
00:41:00,640 --> 00:41:02,600
Speaker 7: it is very involved in hiring twenty two year olds.

804
00:41:02,640 --> 00:41:05,160
Speaker 7: But you know, it's also people like Joe Lonsdale who

805
00:41:05,320 --> 00:41:07,640
Speaker 7: fell into that orbit. He's a little younger but helped

806
00:41:07,640 --> 00:41:10,279
Speaker 7: co found Pallanteer. He lives in Austin. He's funding a

807
00:41:10,280 --> 00:41:11,920
Speaker 7: lot of stuff about homelessness.

808
00:41:12,000 --> 00:41:14,720
Speaker 2: Actually, she seems like the dumbest for the crow.

809
00:41:15,520 --> 00:41:18,200
Speaker 7: I mean, he certainly fits in in that regard, and

810
00:41:18,560 --> 00:41:21,640
Speaker 7: he you know, he has become a pretty frothing right winger.

811
00:41:21,800 --> 00:41:24,000
Speaker 7: He reposts things about Muslims shouldn't be allowed in the

812
00:41:24,120 --> 00:41:26,920
Speaker 7: United States and stuff like that. You know, I think, frankly,

813
00:41:26,920 --> 00:41:28,239
Speaker 7: I've talked about this in the book a little bit

814
00:41:28,280 --> 00:41:31,200
Speaker 7: of his racalization might be partly really to who his

815
00:41:31,200 --> 00:41:33,840
Speaker 7: friends are. But also he was very involved at Stanford.

816
00:41:33,920 --> 00:41:36,200
Speaker 7: He was, and then he was The short answer is

817
00:41:36,239 --> 00:41:38,400
Speaker 7: he was a mentor to this woman that she accused

818
00:41:38,480 --> 00:41:40,120
Speaker 7: him of rape. There was this big story in the

819
00:41:40,160 --> 00:41:42,200
Speaker 7: New York Times magazine about it.

820
00:41:41,840 --> 00:41:43,080
Speaker 6: It was it was a very big.

821
00:41:42,920 --> 00:41:46,440
Speaker 7: Deal, and he was banned from Stanford for a period

822
00:41:46,440 --> 00:41:50,080
Speaker 7: of time. But no charters. It's worthree in full. But

823
00:41:50,360 --> 00:41:52,359
Speaker 7: that seems to be part of kind of his right

824
00:41:52,400 --> 00:41:55,040
Speaker 7: wing regalization or origin story. I mean, he's talked about

825
00:41:55,040 --> 00:41:57,560
Speaker 7: how he thinks it's too easy to sue people in California.

826
00:41:57,800 --> 00:42:00,040
Speaker 7: That is some of the backdrop here and massage, and

827
00:42:00,080 --> 00:42:02,120
Speaker 7: he is certainly, you know, a backdrop condition for all

828
00:42:02,160 --> 00:42:06,120
Speaker 7: of these guys. So but yeah, and he is very militarist,

829
00:42:06,239 --> 00:42:09,000
Speaker 7: and I think he reflects that kind of militarist wing,

830
00:42:09,040 --> 00:42:12,000
Speaker 7: which you know, Musk is certainly part of and others too.

831
00:42:12,080 --> 00:42:15,399
Speaker 7: But this rise of defense tech and even kind of

832
00:42:15,440 --> 00:42:19,719
Speaker 7: this American dominance language and funding Palenteer and andre and

833
00:42:19,760 --> 00:42:22,759
Speaker 7: these other Lord of the Rings inspired tech companies. They're

834
00:42:22,760 --> 00:42:26,120
Speaker 7: supposed to build cool weapons to intimidate our enemies. Like

835
00:42:26,160 --> 00:42:29,719
Speaker 7: it's all very juvenile, but that's the ascendant attitude.

836
00:42:29,400 --> 00:42:31,520
Speaker 2: Speaking of which I think we need a minute on

837
00:42:31,680 --> 00:42:32,400
Speaker 2: Alex Karp.

838
00:42:32,560 --> 00:42:34,840
Speaker 1: Alex Carp has like done a news cycle because he

839
00:42:34,920 --> 00:42:38,640
Speaker 1: did a book and then he did this insane interview

840
00:42:39,120 --> 00:42:42,680
Speaker 1: during the deal Book Forum where he was like, yeah,

841
00:42:42,840 --> 00:42:46,600
Speaker 1: I have neurological differences and I've got autism, and I

842
00:42:46,680 --> 00:42:49,120
Speaker 1: certainly have never done drugs, And a lot of people

843
00:42:49,160 --> 00:42:51,839
Speaker 1: thought that he had actually just done drugs. So talk

844
00:42:51,920 --> 00:42:56,760
Speaker 1: us through him, because that is he's another completely ridiculous character.

845
00:42:57,080 --> 00:42:57,319
Speaker 2: Yeah.

846
00:42:57,360 --> 00:43:01,040
Speaker 7: Alex Karp is the CEO Palenteer, and he is known

847
00:43:01,160 --> 00:43:04,240
Speaker 7: for making very provocative statements, you know, or talking about

848
00:43:04,360 --> 00:43:07,320
Speaker 7: short sellers and wanting to send their cocaine dealers to

849
00:43:07,360 --> 00:43:10,480
Speaker 7: their homes or want to drone venture capitalists he doesn't like,

850
00:43:10,640 --> 00:43:13,400
Speaker 7: you know, he jokes about killing people because his products

851
00:43:13,400 --> 00:43:14,720
Speaker 7: are involved in killing people.

852
00:43:15,120 --> 00:43:16,440
Speaker 2: Yeah, hilarious.

853
00:43:16,719 --> 00:43:18,800
Speaker 7: It gets a good reception because he's always speaking to

854
00:43:18,800 --> 00:43:21,160
Speaker 7: these friendly audiences where they're like, oh, you're the crazy

855
00:43:21,160 --> 00:43:23,920
Speaker 7: guy who says what people are sort of afraid to say.

856
00:43:24,000 --> 00:43:26,960
Speaker 7: Who is very anime and theatrical in a milieu where

857
00:43:26,960 --> 00:43:30,520
Speaker 7: people are outspoken but awkward often or not, you know,

858
00:43:30,680 --> 00:43:34,040
Speaker 7: very charismatic in their own right. And CNBC and other

859
00:43:34,600 --> 00:43:36,880
Speaker 7: sort of financial media love it, and so you hear

860
00:43:36,920 --> 00:43:38,640
Speaker 7: this a lot. He does these kinds of things every

861
00:43:38,640 --> 00:43:41,319
Speaker 7: few months at a conference or on an earnings call

862
00:43:41,440 --> 00:43:43,759
Speaker 7: or something like that. But you know, he really represents

863
00:43:43,840 --> 00:43:48,880
Speaker 7: again that group of militaristic, jingoistic venture capitalists and CEOs.

864
00:43:48,960 --> 00:43:50,640
Speaker 7: Is a CEO Palante Here, which is kind of the

865
00:43:50,719 --> 00:43:53,839
Speaker 7: paradigmatic tech company of the Trump era that went from

866
00:43:53,880 --> 00:43:56,759
Speaker 7: being a small but important startup in the first Trump

867
00:43:56,760 --> 00:44:00,200
Speaker 7: administration to now being a massive, publicly traded company. It's

868
00:44:00,200 --> 00:44:03,480
Speaker 7: gaining tons of contracts from the new Trump administration to

869
00:44:03,520 --> 00:44:06,359
Speaker 7: work on mostly surveillance projects. You know, no matter how

870
00:44:06,440 --> 00:44:09,000
Speaker 7: ridiculous he is or things he says, or he recently

871
00:44:09,000 --> 00:44:10,960
Speaker 7: gave an interview talking about how much time he spends

872
00:44:10,960 --> 00:44:13,080
Speaker 7: with Nazis, as if this was sort of a good thing.

873
00:44:13,360 --> 00:44:15,960
Speaker 7: Maybe it's a learning experience. I think he's just talking

874
00:44:15,960 --> 00:44:19,839
Speaker 7: to his investors. But this is the kind of guy

875
00:44:19,920 --> 00:44:21,600
Speaker 7: he is, and he's just he's on the sort of

876
00:44:21,680 --> 00:44:24,400
Speaker 7: extreme musky and end of we'll kind of say anything,

877
00:44:24,560 --> 00:44:27,040
Speaker 7: though in his own way, maybe is funnier than musk.

878
00:44:27,239 --> 00:44:30,000
Speaker 7: And he also has this backdrop of he has a

879
00:44:30,000 --> 00:44:33,680
Speaker 7: PhD in philosophy from a German university. He supposedly studied

880
00:44:33,719 --> 00:44:36,479
Speaker 7: under Jurgen Habber Moss, but I don't think that really

881
00:44:36,520 --> 00:44:39,479
Speaker 7: happened or wasn't really his mentor, but you know there's

882
00:44:39,640 --> 00:44:43,279
Speaker 7: he brings this sort of kooky intellectual vibe like he

883
00:44:43,400 --> 00:44:46,000
Speaker 7: just stepped out of the lab or something. But you know,

884
00:44:46,080 --> 00:44:48,960
Speaker 7: then you hear him talk for a minute, and he's

885
00:44:49,000 --> 00:44:52,480
Speaker 7: as militaristic and sometimes as lamophobic as like any other

886
00:44:52,760 --> 00:44:55,440
Speaker 7: right winger, and and that's really who he is.

887
00:44:55,440 --> 00:44:59,120
Speaker 1: Is there anyone that we should be watching in this

888
00:44:59,280 --> 00:45:01,040
Speaker 1: crew that we don't I don't know about but is

889
00:45:01,160 --> 00:45:04,560
Speaker 1: actually really important, because like there must be a smart

890
00:45:04,640 --> 00:45:07,960
Speaker 1: person back there who's doing stuff who we don't know about,

891
00:45:08,080 --> 00:45:11,240
Speaker 1: who's not like obsessive trying to get attention.

892
00:45:11,680 --> 00:45:13,280
Speaker 6: Well, this is someone who's trying to get attention.

893
00:45:13,360 --> 00:45:15,520
Speaker 7: So you may have heard of Sean Maguire's a very

894
00:45:15,560 --> 00:45:17,640
Speaker 7: right wing venture capitalist at Sequoia who I think is

895
00:45:17,640 --> 00:45:21,120
Speaker 7: worth paying attention to. He got fired right the COO

896
00:45:21,320 --> 00:45:24,600
Speaker 7: of the company who's Muslim, decided to leave instead, and

897
00:45:24,680 --> 00:45:26,960
Speaker 7: he's still there and I think that says a lot.

898
00:45:27,040 --> 00:45:29,080
Speaker 7: I wrote a profile of him for Business Insider over

899
00:45:29,120 --> 00:45:32,080
Speaker 7: the summer. Even someone like roll Off, both of who's

900
00:45:32,160 --> 00:45:35,000
Speaker 7: in charge of Sequoia, like I was worth paying attention to,

901
00:45:35,800 --> 00:45:38,719
Speaker 7: but also like the companies that they're funding anything that

902
00:45:38,840 --> 00:45:42,200
Speaker 7: served downstream from founder's fund or Andrill.

903
00:45:41,840 --> 00:45:43,360
Speaker 6: I think is worth paying attention to.

904
00:45:43,680 --> 00:45:45,760
Speaker 7: One other person who I think just sort of occupies

905
00:45:45,760 --> 00:45:48,840
Speaker 7: an interesting role as Paul Graham, who's a prominent venture capitalist.

906
00:45:48,840 --> 00:45:51,320
Speaker 7: I wouldn't they agree with him on everything, but he's British,

907
00:45:51,360 --> 00:45:53,200
Speaker 7: which I think changes his perspective just.

908
00:45:53,160 --> 00:45:53,640
Speaker 6: A little bit.

909
00:45:53,760 --> 00:45:55,560
Speaker 2: He's not insane, yeah, and he.

910
00:45:55,560 --> 00:45:58,160
Speaker 7: Speaks recently about Goza sometimes and it's pretty much the

911
00:45:58,200 --> 00:46:01,040
Speaker 7: only white venture capitalist who does that that I've found

912
00:46:01,040 --> 00:46:04,080
Speaker 7: at least of importance. And they're already big fault lines

913
00:46:04,080 --> 00:46:07,120
Speaker 7: in tech over Israel, Gaza, a lot of rank and

914
00:46:07,160 --> 00:46:09,880
Speaker 7: file tech employees that Microsoft and other places are not

915
00:46:09,920 --> 00:46:12,880
Speaker 7: happy about what their companies are doing. And Paul Graham

916
00:46:13,040 --> 00:46:16,120
Speaker 7: is kind of this interesting sort of bridge figure who

917
00:46:16,160 --> 00:46:19,320
Speaker 7: is a very respective VC but is probably pretty pissed

918
00:46:19,320 --> 00:46:21,160
Speaker 7: at what some of his colleagues have become.

919
00:46:21,480 --> 00:46:26,360
Speaker 1: Also Jason Calacanus, he is also like he is the lefty,

920
00:46:26,640 --> 00:46:28,600
Speaker 1: I mean he was the lefty.

921
00:46:28,560 --> 00:46:31,360
Speaker 7: Ish yeah, now he does the sort of disaffected liberal

922
00:46:31,400 --> 00:46:33,720
Speaker 7: thing and I'm just a moderate calling balls and strikes.

923
00:46:34,040 --> 00:46:36,600
Speaker 7: He's sort of the most sycophantic of the all In crew.

924
00:46:36,640 --> 00:46:38,440
Speaker 7: And of the Musk Let.

925
00:46:38,320 --> 00:46:41,480
Speaker 2: The Record show. I rolled my eyes real hard. Continue.

926
00:46:41,520 --> 00:46:44,600
Speaker 7: He is, you know, one of Mus's great hangars on

927
00:46:44,880 --> 00:46:47,400
Speaker 7: and it's kind of no matter what his buddies do

928
00:46:47,600 --> 00:46:50,040
Speaker 7: or what Trump does, he'll just always kind of wave

929
00:46:50,080 --> 00:46:52,359
Speaker 7: it off. And I don't know who he voted for,

930
00:46:52,440 --> 00:46:55,319
Speaker 7: but he's trying to kind of make his audience think that,

931
00:46:55,560 --> 00:46:57,280
Speaker 7: you know, he could be friendly to liberals.

932
00:46:57,320 --> 00:47:02,160
Speaker 1: Again, he's the Fox News liberals. He's the Sean Colmes.

933
00:47:02,480 --> 00:47:05,239
Speaker 6: Yeah, very much so of that show. Yes, of all.

934
00:47:05,880 --> 00:47:09,520
Speaker 1: Thank you so much, Jacob. This is so interesting. I

935
00:47:09,600 --> 00:47:12,400
Speaker 1: was so into this interview because I'm just you know,

936
00:47:12,480 --> 00:47:15,760
Speaker 1: this is fascinating. Anyway, Thank you, Jacob.

937
00:47:15,960 --> 00:47:17,480
Speaker 6: Oh, sure thing, I appreciate it.

938
00:47:19,440 --> 00:47:24,440
Speaker 1: No moment, pet Jesse Cannon smile.

939
00:47:24,600 --> 00:47:25,799
Speaker 4: There is a big vote.

940
00:47:25,840 --> 00:47:28,160
Speaker 3: You know, when we oversay, we usually get over Trump's

941
00:47:28,160 --> 00:47:31,080
Speaker 3: executive orders and their ridiculousness is the Supreme Court. But

942
00:47:31,320 --> 00:47:34,960
Speaker 3: the House actually did some oversight over this and overturn

943
00:47:35,040 --> 00:47:36,320
Speaker 3: one of his executive orders.

944
00:47:36,600 --> 00:47:37,080
Speaker 6: Yeah.

945
00:47:37,200 --> 00:47:40,600
Speaker 1: So look, Mike Johnson is not good at his job,

946
00:47:40,880 --> 00:47:45,840
Speaker 1: and he has lost the power with his caucus, like

947
00:47:45,920 --> 00:47:48,440
Speaker 1: they have just had it and so now they're just

948
00:47:48,560 --> 00:47:51,800
Speaker 1: doing whatever they want. And again like props to Jared

949
00:47:51,840 --> 00:47:56,840
Speaker 1: Golden because, like he and Brian Fitzpatrick, Republican introduced the

950
00:47:56,880 --> 00:48:00,880
Speaker 1: Protect America's Workforce Act, which would restore union rights for

951
00:48:00,920 --> 00:48:04,200
Speaker 1: the nearly one million federal workers. This is something Trump stripped.

952
00:48:04,400 --> 00:48:08,160
Speaker 1: It corresponds with the Senate bill. If the Senate Democrats

953
00:48:08,200 --> 00:48:12,759
Speaker 1: and Independents back the measure, they would still need thirteen Republicans.

954
00:48:13,120 --> 00:48:16,600
Speaker 1: So look, are there thirteen Senate Republicans who will do shit?

955
00:48:16,840 --> 00:48:20,720
Speaker 2: Probably not, but like, this is really really good.

956
00:48:20,960 --> 00:48:25,560
Speaker 1: We'd like more of this, We'd like more of people

957
00:48:26,040 --> 00:48:30,560
Speaker 1: thinking outside of the current constraints. But this is exactly

958
00:48:30,600 --> 00:48:34,800
Speaker 1: how you solve problems. And I really really really really

959
00:48:34,840 --> 00:48:38,160
Speaker 1: want Democrats to keep doing stuff like this, to pass

960
00:48:38,560 --> 00:48:42,840
Speaker 1: discharge petitions, to get in it and protect people.

961
00:48:43,400 --> 00:48:45,640
Speaker 3: Might Do you have any thoughts on the reports that

962
00:48:45,719 --> 00:48:48,320
Speaker 3: Marjorie Taylor Green's going to try to oust Mike Johnson

963
00:48:48,320 --> 00:48:49,040
Speaker 3: before she goes.

964
00:48:49,280 --> 00:48:52,200
Speaker 2: I think it's good. I think good for our man.

965
00:48:52,560 --> 00:48:55,160
Speaker 4: Listen, welcome, TG you go girl.

966
00:48:55,200 --> 00:48:55,560
Speaker 2: Do it.

967
00:48:56,440 --> 00:49:00,799
Speaker 1: That's it for this episode of Fast Politics. Tune in

968
00:49:01,120 --> 00:49:06,560
Speaker 1: every Monday, Wednesday, Thursday and Saturday to hear the best

969
00:49:06,640 --> 00:49:10,960
Speaker 1: minds and politics make sense of all this chaos. If

970
00:49:10,960 --> 00:49:14,040
Speaker 1: you enjoy this podcast, please send it to a friend

971
00:49:14,480 --> 00:49:16,080
Speaker 1: and keep the conversation going.

972
00:49:16,560 --> 00:49:17,680
Speaker 2: Thanks for listening.