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Speaker 1: Broadcasting live from the Abraham Lincoln Radio Studio the George

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Speaker 1: Washington Broadcast Center, Jack Armstrong and Joe Getty Armstrong and

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Speaker 1: Getty and know He Armstrong and Getty.

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Speaker 2: Former President Joe Biden suggested last week that his new

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Speaker 2: memoir could be published as early as September. It's expected

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Speaker 2: to be the next book that Joe Biden accidentally buys. Hey,

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Speaker 2: this looks interesting, like this guy's from Scranton.

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Speaker 3: Too, latest on the war with Iran and people's opinions

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Speaker 3: about it and stuff like that. My my best effort

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Speaker 3: at a glasses half full scenario with what's going on

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Speaker 3: right here. They could pan out and some other stuff.

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Speaker 3: Joe's got some AI stuff. I always love a stuff

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Speaker 3: because I think it's among the biggest deals in the world.

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Speaker 1: I hope I can do this justice. This piece in

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Speaker 1: the dispatch.

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Speaker 3: Half of America cannot afford to live and other wrong numbers.

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Speaker 3: It's really thick and interesting. And I haven't had a

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Speaker 3: sip of coffee because I remembered today to not drink

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Speaker 3: any coffee or eat any food because I have to

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Speaker 3: get some lab work done, get my blood taken, and man,

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Speaker 3: I have trouble doing this job without coffee. I just

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Speaker 3: want to lay down on the floor and go to sleep.

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Speaker 4: Yeah, you seem a little leedgy too, Michael, watch you

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Speaker 4: p's and q's. There could be a snap. I'm just

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Speaker 4: so tired.

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Speaker 3: Yeah, anyway, he goes through the I have been saying

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Speaker 3: for years that economic reporting is the dumbest reporting we have.

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Speaker 3: Almost always an economic headline is almost always divorced from

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Speaker 3: what they're the story is actually about incredibly misleading, to

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Speaker 3: the point of you'd been better off a few hadn't

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Speaker 3: heard it, which is one of the things he brings

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Speaker 3: up here. In March of twenty twenty six, just a

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Speaker 3: couple months ago, the Urban Institute released an updated version

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Speaker 3: of its True Cost of Economic Security measure. The headline

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Speaker 3: we talked about this had got lots of headlines which

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Speaker 3: I'm about to read to you. The headline finding is

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Speaker 3: that forty nine percent of people in American families lack

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Speaker 3: the resources required for economic security. Half of America.

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Speaker 4: Whatever that means, let me just throw that in. Already

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Speaker 4: half of Americans can't a fortune.

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Speaker 3: Had the headline of half of Americans can't afford to

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Speaker 3: dine out or vacation in a cost of living, crisis governing,

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Speaker 3: whatever that is, wrote, nearly half of US households are

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Speaker 3: not economically secure. Another headline on a publication in New York,

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Speaker 3: more than half of all people in the US lack

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Speaker 3: economic security. The careful researcher's numbers becomes the act of

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Speaker 3: ast slogan becomes the political cult if it were true

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Speaker 3: the overall headlines on this.

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Speaker 1: You this is what you would expect to see.

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Speaker 3: You would expect mass starvation, or at least mass migration

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Speaker 3: out of the country. You'd expect the streets to be

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Speaker 3: lined with the dispossessed. Well, you actually see as a

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Speaker 3: country whose biggest dietary problem is obesity and whose biggest

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Speaker 3: housing problem is that nobody's allowed to build any So

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Speaker 3: what is the almost half of the country forty nine

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Speaker 3: percent number actually measuring? The threshold is defined as the

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Speaker 3: level of resources required to fully participate in today's economy

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Speaker 3: and society without cutting back on anything, while also saving

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Speaker 3: for emergencies in the future.

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Speaker 4: There is hardly a word in that sentence that does

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Speaker 4: not crave a definition, right, So to fail to read that,

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Speaker 4: if you do me a favor, read that sentence again.

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Speaker 3: The threshold is defined as the level of resources. Do

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Speaker 3: you have the level of resources required to fully participate

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Speaker 3: in today's economy.

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Speaker 1: That's in the eye of the beholder by a jet.

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Speaker 4: I didn't invest in Elon's IPO, so no, no, I can't.

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Speaker 3: I'm the victim here today's economy and society without cutting

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Speaker 3: back on anything while also saving for emergencies in the future.

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Speaker 3: To fail this test, you do not need to be hungry,

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Speaker 3: you do not need to be cold, you do not

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Speaker 3: need to be one.

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Speaker 1: Car repair from homelessness.

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Speaker 3: You need only to be cutting back on something or

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Speaker 3: not saving as much as some Urban Institute economists thinks

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Speaker 3: you should be saving. So saving up for your vacation

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Speaker 3: is by definition cutting back on something, and that is

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Speaker 3: ugly and unfortunate. Well, he goes through three different examples

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Speaker 3: here all that would fit this, and they're all very,

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Speaker 3: very different. The point of this whole thing is this

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Speaker 3: is always presented as like an app policy that would

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Speaker 3: fix the whole thing, when they're all very different situations.

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Speaker 1: And this will make more sense in a second.

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Speaker 3: So by that standard, a Harvard MBA who who's making

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Speaker 3: three hundred thousand dollars a year, three hundred and fifty

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Speaker 3: thousand dollars a year.

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Speaker 1: He's spending all of it.

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Speaker 3: Because he just bought a co op in Manhattan and

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Speaker 3: his fiance wants a destination wedding. He is cutting back

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Speaker 3: on his deserted per se, which I'm assuming is a

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Speaker 3: fancy restaurant that people have heard of.

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Speaker 1: I have none. I don't.

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Speaker 3: Though he's not saving for the future by the true

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Speaker 3: cost of economic security definition, He's part of the forty

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Speaker 3: nine percent of Americans who cannot afford to live because

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Speaker 3: he can't live the lifestyle he wants. So's a retired

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Speaker 3: couple in Florida who are deliberately drawing down their savings,

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Speaker 3: which is what savings are for during a downturn. So

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Speaker 3: is a twenty three year old barista who's spending every

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Speaker 3: nickel on rent and concert tickets and having the time

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Speaker 3: of her life right.

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Speaker 1: And loving her life.

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Speaker 3: And you know, as part of the forty nine percent

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Speaker 3: that don't have economic security. So as the unemployable woman

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Speaker 3: with the worthless degree. So is the unemployable woman with

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Speaker 3: a worthless degree from a fraudulent for profit college who's

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Speaker 3: generally choosing to between insulin and electricity. In rural Mississippi,

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Speaker 3: some of that you would most of us would describe

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Speaker 3: as actually struggling to get by, and.

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Speaker 4: That would not limit it to quote unquote for profit

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Speaker 4: college is by the way he plays one won't include

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Speaker 4: Harvard and anything below.

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Speaker 3: Yeah, he uses the example of anything that's a studies

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Speaker 3: a studies degree. That's one number for four completely different stories.

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Speaker 3: The number is engineered to include all of them, because

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Speaker 3: including all of them is what gets you to forty

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Speaker 3: nine percent, which is a good headline. And even that number,

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Speaker 3: taking at face value, doesn't tell you the share of

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Speaker 3: Americans in actual distress. It tells you the share who

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Speaker 3: feel a financial squeeze of any kind, of any severity

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Speaker 3: for any reason, which I find really interesting, which is.

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Speaker 4: Virtually the entire population, over every second.

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Speaker 1: Of human existence.

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Speaker 3: And so he says, we have two serious affordability problems

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Speaker 3: in America, and they look nothing like each other, and

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Speaker 3: they need opposite solutions, but they're always lumped together. The

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Speaker 3: first is what he calls the destitute tale, a real

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Speaker 3: but small share of Americans that are in genuinely miserable

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Speaker 3: financial situations. They have more bills than they can pay,

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Speaker 3: They are one misspay check from eviction. They frequently have

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Speaker 3: literally zero money. An unemployable woman with a worthless degree

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Speaker 3: from a fraudulent for profit colleges in that category. So

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Speaker 3: as a fifty year old who got laid off from

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Speaker 3: a manufacturing job, exhausted as savings can't get hired anywhere

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Speaker 3: and watches his wife work double ships at Walmart. These

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Speaker 3: people need money. The institutions that make their lives worse,

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Speaker 3: the for profits that produce unemployable graduates, and the medical

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Speaker 3: billing systems designed to confuse people into paying twice. I've

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Speaker 3: done that so many times, and then that's why you

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Speaker 3: end up a situation where you think, I don't.

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Speaker 1: Think I have to pay this. I think I've paid this.

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Speaker 3: Then you get a call from a bill collector you

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Speaker 3: haven't paid your nineteen dollars and sixty two cents for

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Speaker 3: an appointment you had six months ago that you don't remember.

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Speaker 1: Yeah.

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Speaker 3: Sure, anyway, he said, all of those need to be

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Speaker 3: regulated or eliminated because they're squeezing that category of people.

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Speaker 1: Both of those blah blah blah blah blah blah bah.

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Speaker 3: The second problem is the squeezed talent class, and it's

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Speaker 3: hard to explain because the people involved look fine on

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Speaker 3: paper picture a thirty two year old physician married to

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Speaker 3: a thirty year thirty two year old software engineer. Their

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Speaker 3: combined household income is four hundred thousand dollars. They cannot

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Speaker 3: buy a house in San Francisco or Boston or New

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Speaker 3: York within a sane commute. They cannot afford to have

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Speaker 3: three kids, pay for childcare and put them in decent schools.

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Speaker 3: They're doing every single thing that the merit deocratic American

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Speaker 3: dream told them to do, and the dream is not

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Speaker 3: being delivered. Their parents, at the same age, with worse

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Speaker 3: credentials and lower real incomes, owned a house, had three

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Speaker 3: kids on one salary. Something is broken here and it

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Speaker 3: isn't their fault, and that isn't fixed by transfers. Then

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Speaker 3: he gets into the somehow building more homes, et cetera,

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Speaker 3: et cetera, et cetera. But the main point being these

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Speaker 3: are completely different polye solutions for these groups of people

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Speaker 3: that they all they put all together in one lump

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Speaker 3: so that you can get to the amazing headline of

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Speaker 3: half of Americans are struggling to get by, and the

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Speaker 3: Bernie's and the aocs of the world can scream about that,

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Speaker 3: right and talk about what a disaster the country is in.

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Speaker 1: Yeah.

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Speaker 4: Well that gets back to one of the absolute foundational

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Speaker 4: principles of understanding politics, and that's that you have to

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Speaker 4: be convinced that you're a victim of something and that

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Speaker 4: the politician can.

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Speaker 1: Solve it for you to get your vote.

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Speaker 4: I mean, it's an incredibly profitable business that some of

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Speaker 4: the greatest minds on earth are devoted to convincing you

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Speaker 4: that you are the victim and not the captain of

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Speaker 4: your own ship because a self reliance and saying, hey,

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Speaker 4: you know, honestly, you could cut back on this or whatever.

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Speaker 4: That's of no use to a politician. And so sometimes

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Speaker 4: you are the victim of something. Sometimes things are unfair,

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Speaker 4: but beware of that because that's the currency of politics.

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Speaker 1: I'll hit this one paragraph because I thought NGOs and

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Speaker 1: especially lefty politics.

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Speaker 3: Yeah, I thought this one paragraph was really good. These

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Speaker 3: are two problems that require completely different policy responses. The

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Speaker 3: first example is a redistribution problem, requiring cash transfers, safety nets,

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Speaker 3: regulatory crackdowns on the worst predators. The second is a

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Speaker 3: supply program and requires zoning reform occupational licensing reform, which

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Speaker 3: is what our friend Tim is always talking about and

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Speaker 3: breaking up the entrenched cartels and housing, healthcare, education and childcare,

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Speaker 3: and those two different scenarios don't overlap at all. And

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Speaker 3: then another interesting thing, and man, it's thick and don't

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Speaker 3: have time to get into it here, but he's talking

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Speaker 3: about what people tell polsters causes them to feel squeezed

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Speaker 3: the way they do. The number one thing recently is

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Speaker 3: gas and food. Everybody mentions that, but in terms of

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Speaker 3: stuff that makes people feel like they're poor or the

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Speaker 3: economy has gone bad or whatever, lots of stuff like

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Speaker 3: I can't afford all my streaming services, I'm going to

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Speaker 3: have to cut back on a few, or the fact

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Speaker 3: that Americans spend fifty six cents of every dollar eating

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Speaker 3: out now and it used to be more like nineteen

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Speaker 3: cents back in the day. Food dollar, food dollar, yeah,

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Speaker 3: I'm sorry, every food dollar. Yeah, fifty six cents of

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Speaker 3: every food dollar is spent eating out, and it used

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Speaker 3: to be in the teens and it's been great slowly

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Speaker 3: over time. And if we have to cut back on that,

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Speaker 3: we feel like we're being squeezed. If we have kids

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Speaker 3: that play club soccer and it's four thousand dollars a year,

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Speaker 3: and now you're having to think you might have to

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Speaker 3: eliminate it even though you're you know it didn't even

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Speaker 3: it used to exist, and your kid's not going to

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Speaker 3: play in the World Cup or anything like that. You

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Speaker 3: feel like you're being squeezed. Pet healthcare is up a ton,

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Speaker 3: But if people can't afford all the stuff that we

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Speaker 3: in the modern world feel like we need for our pet,

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Speaker 3: we feel like we're being squeezed. And we tell polls this,

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Speaker 3: and that's where you get a lot of the numbers

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Speaker 3: that you hear bandied about and talk radio and by politicians.

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Speaker 3: But how people are so miserable the whole go in

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Speaker 3: the wrong direction thing. If you feel like the country's

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Speaker 3: going the wrong direction because you have to get rid

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Speaker 3: of one of your fifteen subscriptions, maybe your kid can't

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Speaker 3: pay play four thousand dollars a year soccer, and you

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Speaker 3: might not get to eat out constantly.

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Speaker 1: That's a different kind of squeezed than other kinds of squeeze.

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Speaker 4: I think I've got a decent bottom line for you

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Speaker 4: and a recommendation of a great show after a quick break,

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Speaker 4: So why don't we do that. We'll follow up and

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Speaker 4: then in a couple of minutes, one of the most famous,

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Speaker 4: time honored and beloved businesses in America is changing completely

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Speaker 4: because of a I.

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Speaker 1: We'll have that as well. Cool lots on the way

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Speaker 1: you stay here.

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Speaker 3: If you missed the previous con conversation, I was written

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Speaker 3: from the dispatch, this thing from an economics guy about

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Speaker 3: the affordability crisis in America, which has become such a

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Speaker 3: comprehensive problem or talking point for all of media and politics.

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Speaker 3: I mean, it's like, what's going on in America now

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Speaker 3: is the affordability crisis, and both parties are trying to

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Speaker 3: figure out how to get your attention on that and

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Speaker 3: help you out. And the point that is being made

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Speaker 3: in this piece is that are lots of different kinds

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Speaker 3: of you feel like things are too expensive now, and

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Speaker 3: they require very different solutions. But anyway, the point wasn't

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Speaker 3: like to criticize you if you feel like you need

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Speaker 3: to have your kid in four thousand dollars year club soccer,

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Speaker 3: or want to have every streaming service. It's the point

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Speaker 3: is just that these are some luxury choices that we,

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Speaker 3: some of us can do and have decided to make.

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Speaker 1: But the policy solution for being squeezed on that. Some

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Speaker 1: of stuff is.

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Speaker 3: Way different then people that are actually you know, can't

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Speaker 3: afford medicine and this and that. Expensive housing for professionals

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Speaker 3: is a very different issue than truly poor people who

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Speaker 3: don't have the capability to make it on their own,

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Speaker 3: needing little help. The pet healthcare, for instance, up a

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Speaker 3: lot people suffer over it, a chosen luxury that nineteen

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Speaker 3: seventy households couldn't access at all. An MRI for the

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Speaker 3: dog was not on the menu in nineteen seventy. Correct,

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Speaker 3: are people worse off because this option now exists but

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Speaker 3: is expensive? So now you do it and it could

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Speaker 3: fit into your life, and you've decided to fit into

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Speaker 3: your life. But is there a policy that needs to

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Speaker 3: go around that, or what would the policy be? None

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Speaker 3: of this belongs in a serious policy conversation, writes this

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Speaker 3: guy in the Dispatch. All of it shows up in

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Speaker 3: survey responses, though, that drive the headline affordability numbers for

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Speaker 3: all these political discussions we're having. When forty nine percent

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Speaker 3: of Americans say they can't afford to live securely meaningfully,

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Speaker 3: so a meaningfully share of them are telling posters they

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Speaker 3: had to choose between Disney and Netflix last month.

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Speaker 1: Oh no, yeah, yeah, yeah. Interesting.

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Speaker 4: You know the pattern is you want something, it's tough

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Speaker 4: for you to afford it, and the government says you

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Speaker 4: should be getting it for free. That's a very attractive

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Speaker 4: thing I was talking about. You know, the bottom line

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Speaker 4: of politics is convincing you you're the victim of something

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Speaker 4: and the politician in question will solve it for you,

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Speaker 4: whether it's systemic racism or affordability or whatever. Advertising a

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Speaker 4: whole has two purposes. Number one is to inform you

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Speaker 4: where you can get a good or service at a

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Speaker 4: good price or a high level of service.

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Speaker 1: The second one is to.

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Speaker 4: Create demand, to convince you that you really really need.

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Speaker 1: Something that you probably don't.

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Speaker 4: And you know, I've thought of all sorts of different

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Speaker 4: ways to describe this. As you look at your life,

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Speaker 4: you've got to figure out what is necess strip it

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Speaker 4: down what is necessary. Because some of the brightest minds

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Speaker 4: of our generation, if they're not in politics or in advertising,

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Speaker 4: trying to convince you that everything is necessary, including four

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Speaker 4: thousand dollars a year club soccer for your kids.

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Speaker 1: Part of that might be environmental.

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Speaker 4: Everybody around you does that, and I get that sort

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Speaker 4: of pressure from your kids and your peers. But you've

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Speaker 4: just got to You got to be the captain of

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Speaker 4: your own ship and not let the advertising industry and

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Speaker 4: peer pressure dictate your life choices.

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Speaker 1: You just have to do that.

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Speaker 3: And then in terms of actual policy stuff, tot He

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Speaker 3: is talking about somehow as we all got richer the

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Speaker 3: world of medicine, insurance and housing and colleges looked around

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Speaker 3: and thought, man, if people are willing to spend this

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Speaker 3: much on their pets and kids soccer, we got to

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Speaker 3: jack up the rates on all this stuff.

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Speaker 1: Right exactly that they can pay it. Yeah.

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Speaker 4: Yeah, entertainment too. I didn't get to my great show recommendation.

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Speaker 4: I will throw that in right before we discuss a

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Speaker 4: couple of really interesting developments in the world of AI

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Speaker 4: and where it intersects with your job.

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Speaker 1: That's coming up in moments, is that I got to

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Speaker 1: take my job probably.

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Speaker 3: Yeah, if you miss a segment like they're beginning discussion

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Speaker 3: about economics, get the podcast Armstrong and Getty on demand

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Speaker 3: Armstrong and Getty.

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Speaker 5: Well, guys, everyone's getting ready for the big victory parade

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Speaker 5: this Thursday for the world.

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Speaker 1: Champion New York.

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Speaker 5: It could be the largest parade in New York City history,

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Speaker 5: with over one million people expected to attend. The city

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Speaker 5: is distributing twenty five hundred pounds of shredded paper to

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Speaker 5: office buildings along the route for workers to toss out

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Speaker 5: their windows. Right now, The sanitation departments like, why do

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Speaker 5: we even bother cleaning up from Saturday?

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Speaker 3: And this is at an actual, like ticker tape sort

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Speaker 3: of parade.

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Speaker 1: Oh, what sounds kind of fun. Breaking news.

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Speaker 3: Luigi MANGIONI will assert psychiatric defense in murder case.

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Speaker 4: What does that mean? You're going to claim He's going

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Speaker 4: to claim that he was extremely disturbed. Yeah, it's just

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Speaker 4: reading about that.

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Speaker 1: Because of high medical prices.

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Speaker 3: I don't know, not that its because his brain doesn't

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Speaker 3: work right, i'd guess. So he's not owning this as

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Speaker 3: a brave crusade against the abuses of healthcare companies. No,

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Speaker 3: he's saying I was so nuts, I had no idea

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Speaker 3: what I was doing. Hey, I wish you luck with that,

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Speaker 3: young man. A fanboys and fangirls. He's not even claiming

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Speaker 3: what you're claiming.

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Speaker 1: Now. Yeah, they don't listen to logic.

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Speaker 4: They'd say, he just has to say that because the

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Speaker 4: machine is against him.

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Speaker 1: Right and his eyebrows.

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Speaker 4: You're idiots, You're stupid, You're stupid, stupid. I sound like Trump. Now,

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Speaker 4: if you don't have a better argument, then you're stupid.

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Speaker 4: You don't have an argument anyway. So a quick recommendation.

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Speaker 4: First of all, I was turned onto this by my

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Speaker 4: friend Rick John ham of mad Men Fame got a

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Speaker 4: new show on Apple TV. And if you can't afford

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Speaker 4: to stream Apple TV, you're not missing out on anything.

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Speaker 4: Get other entertainment. There's tons of it everywhere. Watch Friends

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Speaker 4: reruns that are really funny. Anyway, to get back to

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Speaker 4: our discussion, last half hour, So John Hamm, it's called

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Speaker 4: Our Friends and Family.

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Speaker 1: He is a high flying.

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Speaker 4: Rich Wall Street guy, got it all going on, the

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Speaker 4: beautiful wife, the huge house, the kids in the four

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Speaker 4: thousand dollars a year club soccer is there, and his

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Speaker 4: wife has an affair with his best friend and dumps

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Speaker 4: him in for some reason.

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Speaker 1: For some reason, she gets everything right.

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Speaker 4: Meanwhile, has duplicit his boss minor spoiler alert decides here's

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Speaker 4: a good chance to steal his book of business and

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Speaker 4: get rid of him. He ends up like down and out,

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Speaker 4: but he's still in those high flying social circles. So

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Speaker 4: he decides. But what he's going to do is start

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Speaker 4: stealing from these a holes. And I'm telling you, if

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Speaker 4: you like like insanely rich people houses.

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Speaker 1: Oh this show is and it's like, you know, you're

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Speaker 1: I don't even know where.

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Speaker 4: It's Stamford, Connecticut, I guess is one and like some

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Speaker 4: parts of Teeneck, New Jersey where the high flying Wall

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Speaker 4: Street guys live across the river.

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Speaker 1: Holy crap, some of these houses.

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Speaker 4: But anyway, he starts to steal from him and hilarity results. Anyway,

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Speaker 4: it's a good show. So, speaking of business, I thought

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Speaker 4: this was interesting. I almost didn't read this story because

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Speaker 4: I'm not particularly concerned about State Farms auto insurance business

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Speaker 4: or the nature of the business. But to the Wall

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Speaker 4: Street General is reporting on the fact that, and trust me,

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Speaker 4: this is it gets more interesting as it goes that

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Speaker 4: they rolled out the red carpet for it's nineteen thousand

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Speaker 4: or so sales agents. Because State Farms, since the day

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Speaker 4: it was born, which we'll talk about, has been like

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Speaker 4: a good neighbor. It's your agent, Jim, who's been with

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Speaker 4: you for years. He knows your kids' names, and he

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Speaker 4: when you go so went from your crappy used car

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Speaker 4: to your first ever new car. Jim was there with

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Speaker 4: some good advice blah blah blah. So anyway, these thousands

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Speaker 4: of people flying into Las Vegas on the insurers dime,

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Speaker 4: they get treated to I think a private pink concert.

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Speaker 4: Jimmy Fallon let us sing along and did some comedy

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Speaker 4: for him. They got to take selfies with Jake from

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Speaker 4: State Farm, the actor with the beard, blackfellows in the

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Speaker 4: red jacket. Who's in all those ads. It's just a great,

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Speaker 4: great time. And then the CEO took the stage at

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Speaker 4: Allegiance Stadium and dropped a bombshell. Yeah, we're tearing up

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Speaker 4: everybody's employment contract if you want to stay past twenty

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Speaker 4: twenty seven, it's a new compensation deal. In sales, targets

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00:21:43,400 --> 00:21:47,320
Speaker 4: were incorporating lots and lots of AI. Sorry everybody. At

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Speaker 4: least they got to see the pink concert. So it's

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Speaker 4: going to be much more apps. In bots sales, you

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Speaker 4: go online, you click around, you get the rate from

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Speaker 4: State Farm, and you sign up or you don't much

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Speaker 4: like the other companies.

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Speaker 3: Wow, so I won't mention the company I use, but

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Speaker 3: it's one of the big ones and like, I know

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Speaker 3: my guy. I've known him for decades. I've been with

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Speaker 3: him for decades. He knew me before I was married.

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Speaker 3: He coached one of my kids in little league. It's

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Speaker 3: this sort of thing you're describing, and I would hate

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Speaker 3: it if it was just a go on AI deal

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Speaker 3: with a chat bot from here now, I hate that,

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Speaker 3: but I can see how it would go that direction.

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Speaker 4: What a type of AY that was one of the

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Speaker 4: agents there in Las Vegas.

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Speaker 1: Yeah, that's the question before all of us.

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Speaker 4: So just to finish up the discussion of people in

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Speaker 4: their jobs only like AI, if.

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Speaker 1: What the f kind of AI s it did? What

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Speaker 1: a type of A.

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Speaker 3: That's want to get exactly right? What you're gonna say

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Speaker 3: when you call after a fender bender?

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Speaker 1: Right?

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Speaker 4: Exactly? Press too for fender venders? Last three for you

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Speaker 4: are a fatality? Well there's an irony there. So anyway,

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Speaker 4: it's like, is it going to be the most successful

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Speaker 4: and aggressive agents are going to stick around? It that

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Speaker 4: the model is changing completely. I just thought this was interesting.

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Speaker 4: The initiative is clearly in response to state farms at

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Speaker 4: roding status in the industry. The insurer was usurped as

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Speaker 4: the nation's biggest personal auto insurance this year by Progressive,

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Speaker 4: losing a throne it is held since World War Two,

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Speaker 4: no kidding, yeah yeah, and Progressive sells over half its

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Speaker 4: personal auto policies direct to consumers using AI and tech

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Speaker 4: to keep costs low, and State Farm, by contrast, is

441
00:23:46,320 --> 00:23:50,680
Speaker 4: the goliath among agents sold auto insurance, but they're being

442
00:23:50,760 --> 00:23:53,440
Speaker 4: laid low by some of the David's. Yeah, you're probably

443
00:23:53,520 --> 00:23:55,320
Speaker 4: going to go where most people are probably going to

444
00:23:55,359 --> 00:23:58,119
Speaker 4: go with, you know, if you're shopping around, which one's cheapest,

445
00:23:58,240 --> 00:24:02,879
Speaker 4: and you know, you like the personal touch of knowing

446
00:24:02,880 --> 00:24:04,800
Speaker 4: the name of the guy you call and say, hey,

447
00:24:04,800 --> 00:24:05,960
Speaker 4: how's your son doing?

448
00:24:05,960 --> 00:24:08,760
Speaker 1: Blah blah blah. You like that, but you're not willing

449
00:24:08,760 --> 00:24:11,720
Speaker 1: to pay extra for it, right right?

450
00:24:12,200 --> 00:24:15,080
Speaker 4: Yeah? Anyway, I thought that was interesting. A couple of

451
00:24:15,160 --> 00:24:19,639
Speaker 4: other other AI type stories. Yeah, it's a sense a

452
00:24:19,680 --> 00:24:21,680
Speaker 4: car insurance came up. Let me throw this in here.

453
00:24:21,680 --> 00:24:23,600
Speaker 4: Maybe we'll get back to AI when we come back.

454
00:24:23,840 --> 00:24:27,119
Speaker 4: So a close acquaintance of mine. I will keep this vague,

455
00:24:27,280 --> 00:24:29,280
Speaker 4: very close acquaintance of mind. It did get into a

456
00:24:29,320 --> 00:24:33,480
Speaker 4: fender bender with a gentleman in a really crappy car.

457
00:24:33,640 --> 00:24:35,760
Speaker 4: I mean it was like a fifteen. I saw the

458
00:24:35,840 --> 00:24:39,359
Speaker 4: picture after the wreck. What much of a wreck, but

459
00:24:40,280 --> 00:24:43,720
Speaker 4: it was about a fifteen hundred dollars car. Did some damage.

460
00:24:43,760 --> 00:24:46,000
Speaker 3: You probably totally did because it wouldn't take much damage

461
00:24:46,000 --> 00:24:50,119
Speaker 3: to total a fifteen hundred dollars car. No, it wouldn't.

462
00:24:50,440 --> 00:24:54,520
Speaker 3: Dude got out very very angry about it. Was the

463
00:24:54,520 --> 00:24:55,040
Speaker 3: fault of.

464
00:24:55,000 --> 00:24:56,000
Speaker 1: This acquaintance of mine.

465
00:24:56,240 --> 00:24:58,200
Speaker 3: Just didn't see him in a turning lane or something

466
00:24:58,240 --> 00:25:04,040
Speaker 3: and just bumpers met very slow speed. Any who, guys

467
00:25:04,040 --> 00:25:07,280
Speaker 3: are very very very angry. That really mat This person

468
00:25:07,440 --> 00:25:08,680
Speaker 3: asks over and over are you hurt?

469
00:25:08,720 --> 00:25:09,680
Speaker 1: Are you hurt? Are you hurt?

470
00:25:09,760 --> 00:25:11,920
Speaker 3: Hard to imagine they'd be hurt, but they said no, no, no.

471
00:25:11,960 --> 00:25:14,080
Speaker 3: They exchange information like you do in the modern world.

472
00:25:14,119 --> 00:25:16,320
Speaker 3: You don't call the cops because they don't they're not

473
00:25:16,320 --> 00:25:18,040
Speaker 3: going to come. You exchange the information and move on.

474
00:25:18,760 --> 00:25:20,960
Speaker 3: Then you find out a week later they have made

475
00:25:21,160 --> 00:25:25,119
Speaker 3: an injury claim. Oh boy, and it's from one of

476
00:25:25,119 --> 00:25:27,720
Speaker 3: those big companies. I'm not gonna mention it, but I mean,

477
00:25:27,840 --> 00:25:30,639
Speaker 3: especially if you live in California, there's like two that

478
00:25:30,720 --> 00:25:35,320
Speaker 3: are the giant ambulance chaser billboards in every town and

479
00:25:35,359 --> 00:25:41,040
Speaker 3: it's that company and dude is now in Mexico.

480
00:25:40,600 --> 00:25:42,520
Speaker 1: Apparently, which is apparently where it's.

481
00:25:42,600 --> 00:25:48,399
Speaker 3: From the guy that was in the car, And so

482
00:25:48,720 --> 00:25:51,840
Speaker 3: the insurance person with this friend of mine actually did this.

483
00:25:51,880 --> 00:25:53,879
Speaker 3: So they're on the phone with them about the injury

484
00:25:53,920 --> 00:25:57,720
Speaker 3: claim and the person said the insurance dude says, hold

485
00:25:57,760 --> 00:25:59,800
Speaker 3: on a second, I got to turn off the recorder.

486
00:26:00,080 --> 00:26:03,400
Speaker 3: So see, you know the phone calls may be recorded

487
00:26:03,440 --> 00:26:06,120
Speaker 3: for quality. It turns off the recorder and says, look,

488
00:26:06,119 --> 00:26:07,800
Speaker 3: this is this is how this works. We've been through

489
00:26:07,840 --> 00:26:10,760
Speaker 3: this a thousand times and just laid out the whole

490
00:26:10,920 --> 00:26:14,720
Speaker 3: People are here from other countries and they so he

491
00:26:14,840 --> 00:26:17,760
Speaker 3: told somebody I got a wreck, Oh you got to call.

492
00:26:18,640 --> 00:26:20,360
Speaker 3: I'm not going to mention the name you gotta call.

493
00:26:20,680 --> 00:26:22,880
Speaker 3: You know, one of the big ambulance chaser companies.

494
00:26:23,080 --> 00:26:24,320
Speaker 1: I did it. My buddy did it, and he got

495
00:26:24,359 --> 00:26:25,600
Speaker 1: one hundred thousand dollars or whatever.

496
00:26:25,680 --> 00:26:28,040
Speaker 3: Anyway, and they turn it into a thing and and

497
00:26:28,119 --> 00:26:30,320
Speaker 3: you claiming your neck hurts, and you go to chiropractor

498
00:26:30,359 --> 00:26:33,520
Speaker 3: and try to rack up bills, and the insurance company

499
00:26:33,520 --> 00:26:34,879
Speaker 3: fights it and it becomes a big dance.

500
00:26:36,200 --> 00:26:39,199
Speaker 4: So I'm guessing what he told you after stopping the

501
00:26:39,320 --> 00:26:42,040
Speaker 4: recording was, look, we got to just write them a

502
00:26:42,080 --> 00:26:43,879
Speaker 4: little check and they go away, or do you not

503
00:26:43,920 --> 00:26:44,480
Speaker 4: want to go there?

504
00:26:44,560 --> 00:26:47,280
Speaker 3: No, apparently it is most of the time if you

505
00:26:47,480 --> 00:26:49,560
Speaker 3: just if you push back hard enough, they give up

506
00:26:49,600 --> 00:26:51,720
Speaker 3: and then you don't actually have to pay anything. But

507
00:26:51,920 --> 00:26:53,679
Speaker 3: if you don't, they will rack up a.

508
00:26:53,680 --> 00:26:54,480
Speaker 1: Whole bunch of bills.

509
00:26:54,800 --> 00:26:57,600
Speaker 4: Oh, it's like the rental car company scam these days,

510
00:26:57,600 --> 00:26:59,919
Speaker 4: where they hit everybody with a hey there was a

511
00:27:00,119 --> 00:27:03,199
Speaker 4: scrash at three hundred and fifty bucks place. Knowing that,

512
00:27:03,359 --> 00:27:06,399
Speaker 4: you know, eighty six percent of people say wait what, No,

513
00:27:06,520 --> 00:27:09,600
Speaker 4: there wasn't I'll think you okay, fine, never mind, we're

514
00:27:09,640 --> 00:27:10,640
Speaker 4: thinking of a different guy.

515
00:27:11,040 --> 00:27:14,000
Speaker 1: But they'll collect on the sixteen percent or whatever number

516
00:27:14,280 --> 00:27:17,280
Speaker 1: I implied who don't push back.

517
00:27:17,359 --> 00:27:19,439
Speaker 3: Remember I got that that with the chip in the

518
00:27:19,480 --> 00:27:21,840
Speaker 3: windshield night They hit me for eighteen hundred bucks or

519
00:27:21,880 --> 00:27:24,880
Speaker 3: something like that. And it hurts when I think about it,

520
00:27:24,880 --> 00:27:29,119
Speaker 3: It really hurts. I won't mention the company, but I

521
00:27:29,160 --> 00:27:32,080
Speaker 3: told my and then I told my insurance people about it,

522
00:27:32,080 --> 00:27:33,840
Speaker 3: and they said, yeah, they do that that. The company

523
00:27:33,880 --> 00:27:35,960
Speaker 3: especially does this all the time. Will deal with it.

524
00:27:36,119 --> 00:27:38,280
Speaker 1: And I don't know how it got worked out. But yeah,

525
00:27:38,320 --> 00:27:43,800
Speaker 1: that sucks. All of that sucks. Yeah, sucky suckitude. What

526
00:27:43,840 --> 00:27:44,399
Speaker 1: should you do?

527
00:27:44,680 --> 00:27:47,360
Speaker 3: What's the best way to protect yourself? You get into

528
00:27:47,400 --> 00:27:51,320
Speaker 3: a fender bender, get on the phone the person saying

529
00:27:51,320 --> 00:27:54,640
Speaker 3: they're not hurt, have your phone out recording the whole time.

530
00:27:54,640 --> 00:27:55,120
Speaker 1: Are you hurt?

531
00:27:55,160 --> 00:27:58,680
Speaker 3: So that when they say repeatedly no, I'm fine, because

532
00:27:58,760 --> 00:28:03,440
Speaker 3: I don't know that that works, because you could. When

533
00:28:03,480 --> 00:28:06,399
Speaker 3: I had my motorcycle rack, I bopped up people around

534
00:28:06,440 --> 00:28:08,199
Speaker 3: me who would stop their cars and everything like that.

535
00:28:08,280 --> 00:28:10,680
Speaker 3: I'm bleeding all over the place, I'm limping. Are you okay,

536
00:28:10,680 --> 00:28:14,919
Speaker 3: I'm fine. I'm fine, I said repeatedly. Hours later I

537
00:28:15,000 --> 00:28:18,800
Speaker 3: was not fine at all. So just because you said

538
00:28:18,840 --> 00:28:21,400
Speaker 3: you're not hurt then doesn't mean you're not hurt, right.

539
00:28:21,840 --> 00:28:23,000
Speaker 3: I don't know how you get I don't know how

540
00:28:23,000 --> 00:28:24,199
Speaker 3: you protect yourself against that.

541
00:28:24,440 --> 00:28:25,119
Speaker 1: Gosh, I don't know.

542
00:28:25,240 --> 00:28:31,120
Speaker 4: I would consult a lawyer, one legitimate, one crooked, and combine.

543
00:28:31,119 --> 00:28:33,480
Speaker 4: There are two sets of advice into what seems best

544
00:28:33,480 --> 00:28:33,920
Speaker 4: for you.

545
00:28:34,040 --> 00:28:34,359
Speaker 1: Friend.

546
00:28:35,920 --> 00:28:38,640
Speaker 3: You imagine dealing with that constantly as an insurance company

547
00:28:38,720 --> 00:28:43,040
Speaker 3: or an insurance guy. Just oh boy, another especially the

548
00:28:43,240 --> 00:28:44,520
Speaker 3: I'm from a foreign land.

549
00:28:46,480 --> 00:28:51,719
Speaker 4: Yeah yeah, So you got furriners driving heaps, probably intentionally

550
00:28:51,720 --> 00:28:54,720
Speaker 4: provoking fender penders. I could so easily see, like in

551
00:28:54,760 --> 00:28:57,520
Speaker 4: a right turn lane, the infamous the guy starts to go,

552
00:28:57,720 --> 00:29:00,120
Speaker 4: then stops and you're looking to see whether there's a gasp,

553
00:29:00,200 --> 00:29:01,160
Speaker 4: and you roll into them.

554
00:29:01,200 --> 00:29:03,240
Speaker 3: This person, who had never had a wreck before, said,

555
00:29:03,320 --> 00:29:05,360
Speaker 3: I don't know how it happened, Like, I literally do

556
00:29:05,440 --> 00:29:06,480
Speaker 3: not know how it happened.

557
00:29:06,840 --> 00:29:12,200
Speaker 4: Yeah, it is entirely possible. I mean it just that they,

558
00:29:12,520 --> 00:29:14,720
Speaker 4: you know, put it in reverse and then in neutral

559
00:29:14,760 --> 00:29:17,840
Speaker 4: coasted Indians and came out screaming, Oh my god, you

560
00:29:18,000 --> 00:29:18,360
Speaker 4: hit me.

561
00:29:18,880 --> 00:29:22,600
Speaker 1: They do this for a living. Yeah, in a crappy car. Yeah,

562
00:29:22,640 --> 00:29:24,040
Speaker 1: absolutely absolutely.

563
00:29:24,040 --> 00:29:26,000
Speaker 4: It's kind of a funny coincidence, isn't it that it

564
00:29:26,080 --> 00:29:27,800
Speaker 4: was a really crappy car.

565
00:29:28,560 --> 00:29:32,960
Speaker 1: Yeah, it's stinks. Stinks hit by a very very very

566
00:29:33,160 --> 00:29:34,160
Speaker 1: not crappy car.

567
00:29:34,280 --> 00:29:36,880
Speaker 3: So which would lead the driver to think that maybe

568
00:29:36,880 --> 00:29:41,760
Speaker 3: there were some opportunities there. Oh yeah yeah, deep pockets

569
00:29:41,760 --> 00:29:44,320
Speaker 3: please interesting if you know anything about that textas four

570
00:29:44,400 --> 00:29:47,320
Speaker 3: one five two nine five kftc. If you know anything

571
00:29:47,360 --> 00:29:50,000
Speaker 3: about the slipping Jimmy's out there four one five two

572
00:29:50,120 --> 00:29:51,360
Speaker 3: nine five KFTC.

573
00:29:51,680 --> 00:29:54,920
Speaker 1: More on the AI. What did it coming up?

574
00:30:03,160 --> 00:30:05,640
Speaker 3: The Vice President jad Vance has explained in a couple

575
00:30:05,680 --> 00:30:08,480
Speaker 3: of different settings now in the last eighteen hours why

576
00:30:08,600 --> 00:30:12,000
Speaker 3: we're not allowed to see the memorandra of understanding. It

577
00:30:12,040 --> 00:30:14,800
Speaker 3: makes sense, so stay tuned. We'll get to that hour three.

578
00:30:15,400 --> 00:30:18,600
Speaker 3: Except that it doesn't at all. Who's a greater threat,

579
00:30:18,720 --> 00:30:23,440
Speaker 3: China or Anthropic. The Trump administration seems to be torn

580
00:30:23,640 --> 00:30:27,920
Speaker 3: and leaning toward Anthropic. Is They just essentially banned the

581
00:30:28,120 --> 00:30:30,680
Speaker 3: export of Anthropic's newest.

582
00:30:30,440 --> 00:30:31,920
Speaker 1: Advanced AI model.

583
00:30:32,080 --> 00:30:36,080
Speaker 4: And since Anthropic has no idea of where people are really,

584
00:30:36,600 --> 00:30:41,880
Speaker 4: they've essentially banned the product. And the journals writing about

585
00:30:41,960 --> 00:30:44,920
Speaker 4: there are all sorts of signs. The White House has

586
00:30:45,120 --> 00:30:49,440
Speaker 4: a I can think of one expression, but it's unfortunate,

587
00:30:49,520 --> 00:30:54,960
Speaker 4: it's impolite. They have it in for Anthropic. There's something

588
00:30:55,040 --> 00:30:57,560
Speaker 4: going on there. They bad mouthed Anthropic in a number

589
00:30:57,560 --> 00:31:01,840
Speaker 4: of ways. Now they're trying to hog time as China

590
00:31:01,880 --> 00:31:05,560
Speaker 4: forges ahead with its AI products, and it's not.

591
00:31:05,640 --> 00:31:07,920
Speaker 1: Clear at all to the.

592
00:31:08,000 --> 00:31:11,880
Speaker 4: Journal why they are so fixated on Anthropic. That's a

593
00:31:11,920 --> 00:31:15,960
Speaker 4: story we'll get into as it develops. Came across this.

594
00:31:15,960 --> 00:31:18,160
Speaker 4: This is also the Wall Street Journal. We've talked about

595
00:31:18,200 --> 00:31:23,360
Speaker 4: this jack now for a while. AI supercharges deep fake nudes,

596
00:31:24,040 --> 00:31:28,200
Speaker 4: unleashing a new form of bullying among kids. Evidently, the

597
00:31:28,320 --> 00:31:34,160
Speaker 4: new defy tools are easily accessible and everywhere, and parents

598
00:31:34,200 --> 00:31:37,840
Speaker 4: in schools are struggling to protect young victims and they

599
00:31:37,840 --> 00:31:42,760
Speaker 4: go into the inevitable examples. Right exactly last year, boy

600
00:31:42,800 --> 00:31:45,400
Speaker 4: creating a deep fake image of this gal's middle school

601
00:31:45,480 --> 00:31:48,360
Speaker 4: daughter shared it on Snapchat with other kids who took screenshots,

602
00:31:48,400 --> 00:31:51,640
Speaker 4: shared him in the hallways during school, and then you know,

603
00:31:51,720 --> 00:31:54,280
Speaker 4: the local cops got involved in the administration.

604
00:31:55,600 --> 00:31:58,280
Speaker 3: The only thing that's going to stop this is there

605
00:31:58,280 --> 00:32:01,800
Speaker 3: will be a thousand different versions of every cute girl

606
00:32:01,920 --> 00:32:06,000
Speaker 3: and every grade that everybody's already seen, so it doesn't matter.

607
00:32:06,080 --> 00:32:08,320
Speaker 1: That's the only thing that's going to fix it. Right.

608
00:32:08,840 --> 00:32:12,840
Speaker 4: Getting to that point, the local police told her the

609
00:32:12,880 --> 00:32:14,560
Speaker 4: best way to get the photo off line was to

610
00:32:14,640 --> 00:32:18,400
Speaker 4: upload it to a website that specializes in removing deep fakes.

611
00:32:18,880 --> 00:32:22,480
Speaker 4: But because the image depicted a naked miner, federal law

612
00:32:22,520 --> 00:32:26,160
Speaker 4: prevented the police from giving her the image. Instead, they

613
00:32:26,160 --> 00:32:27,840
Speaker 4: gave her a black and white print out of the

614
00:32:27,840 --> 00:32:32,120
Speaker 4: image instead. They couldn't give it to her electronically and

615
00:32:32,480 --> 00:32:34,720
Speaker 4: the police told her daughter would likely need to testify

616
00:32:34,760 --> 00:32:37,280
Speaker 4: if she pressed charges, the boy would face limited consequences

617
00:32:37,280 --> 00:32:39,800
Speaker 4: because he was a minor. Yeah, to your point, and

618
00:32:40,280 --> 00:32:42,360
Speaker 4: do not take this for a single second. Is somehow

619
00:32:42,360 --> 00:32:48,040
Speaker 4: approved of this incredibly embarrassing My god, an adolescent, especially

620
00:32:48,120 --> 00:32:49,440
Speaker 4: an adolescent girl.

621
00:32:49,800 --> 00:32:52,200
Speaker 1: It's just it's so bad.

622
00:32:53,520 --> 00:32:57,440
Speaker 4: I have not heard anybody come within one hundred miles

623
00:32:58,520 --> 00:33:03,520
Speaker 4: of an enforceable First Amendment safe way to deal with

624
00:33:03,560 --> 00:33:09,480
Speaker 4: this that will be effective. I think you're right, and

625
00:33:09,960 --> 00:33:11,880
Speaker 4: maybe this is giving up prematurely. And if you have

626
00:33:11,920 --> 00:33:14,840
Speaker 4: a solution, by god, craft it and get it to

627
00:33:14,880 --> 00:33:19,120
Speaker 4: the authorities immediately. It's got to get to the point

628
00:33:19,160 --> 00:33:21,440
Speaker 4: that this is so old hat people are like, yeah,

629
00:33:21,480 --> 00:33:26,080
Speaker 4: that's not me. Whatever, right, and remove the sting. I mean,

630
00:33:26,560 --> 00:33:28,800
Speaker 4: it reminds me in a weird way. Although again we're

631
00:33:28,800 --> 00:33:32,320
Speaker 4: talking about adolescent girls here mostly, although boys too, who

632
00:33:32,320 --> 00:33:37,360
Speaker 4: would be absolutely mortified. You know, back when, back in

633
00:33:37,400 --> 00:33:40,160
Speaker 4: the day, when the de crowd, the neo Marxist would

634
00:33:40,160 --> 00:33:42,240
Speaker 4: call somebody a racist, they'd immediately be like.

635
00:33:42,400 --> 00:33:44,520
Speaker 1: Oh my god, no, wait, I'm not a racist. Time

636
00:33:44,640 --> 00:33:46,400
Speaker 1: I'm not. I'm not. What do I have to do

637
00:33:46,480 --> 00:33:48,080
Speaker 1: to why'd you call me that, what do I have

638
00:33:48,120 --> 00:33:48,760
Speaker 1: to do now?

639
00:33:48,760 --> 00:33:52,080
Speaker 4: It's like, shut up, No, I'm not that the sting

640
00:33:52,200 --> 00:33:55,480
Speaker 4: has been taken away, because it's it's everywhere, all the time,

641
00:33:55,520 --> 00:33:59,400
Speaker 4: and it's it's incredibly disingenuous. I don't I don't understand

642
00:34:00,040 --> 00:34:01,680
Speaker 4: any other way to get to where we need to

643
00:34:01,720 --> 00:34:07,080
Speaker 4: go on this stuff. It's ubiquitous, it's effortless. Yeah, it

644
00:34:07,120 --> 00:34:11,000
Speaker 4: takes no talent. Right, And if you're talking, especially if

645
00:34:11,000 --> 00:34:15,160
Speaker 4: you're talking about an adult, and I'm not in favor

646
00:34:15,200 --> 00:34:17,000
Speaker 4: of this, and I don't do this, but you could

647
00:34:17,120 --> 00:34:20,719
Speaker 4: absolutely say I'm within my First Amendment rights to say,

648
00:34:21,320 --> 00:34:25,439
Speaker 4: paint a picture of say Hillary Clinton naked as some

649
00:34:25,480 --> 00:34:30,080
Speaker 4: sort of political statement. What that statement would be and

650
00:34:30,160 --> 00:34:32,600
Speaker 4: if anybody on earth would want to look at it

651
00:34:32,640 --> 00:34:39,640
Speaker 4: is another couple of questions. I build Clucking Bill appreciating

652
00:34:39,680 --> 00:34:44,279
Speaker 4: that one. Yes, I I don't. I don't see how

653
00:34:44,280 --> 00:34:48,279
Speaker 4: he fixed this. No more than half of US teens

654
00:34:48,320 --> 00:34:50,960
Speaker 4: who took a recent George Mason University survey said they'd

655
00:34:51,000 --> 00:34:54,319
Speaker 4: created at least one image using neudification tools. A third

656
00:34:54,360 --> 00:34:56,440
Speaker 4: said someone had created and shared a nude image of

657
00:34:56,480 --> 00:34:59,080
Speaker 4: them without their permission. That seems very, very high, but

658
00:35:00,120 --> 00:35:01,680
Speaker 4: grantiates high.

659
00:35:01,760 --> 00:35:03,799
Speaker 3: Well, but just because they've heard of it, everybody's tried

660
00:35:03,800 --> 00:35:05,920
Speaker 3: it at least once. I gotta think the fund goes

661
00:35:05,920 --> 00:35:07,200
Speaker 3: out of it pretty damn fast.

662
00:35:07,760 --> 00:35:09,680
Speaker 1: Yeah, yeah, believe it or not.

663
00:35:09,760 --> 00:35:12,560
Speaker 4: I'm going to tell you something interesting about England's World

664
00:35:12,680 --> 00:35:17,480
Speaker 4: Cup soccer team. Next hour and JD explaining why we're

665
00:35:17,480 --> 00:35:19,560
Speaker 4: not allowed to see the terms of a deal that

666
00:35:19,600 --> 00:35:21,560
Speaker 4: the United States has struck to end a war.

667
00:35:22,640 --> 00:35:25,000
Speaker 3: I can't imagine a good reason, but we'll hear what

668
00:35:25,040 --> 00:35:27,400
Speaker 3: he has to say. The short version, we're not allowed

669
00:35:27,440 --> 00:35:29,280
Speaker 3: to allowed by whom?

670
00:35:29,640 --> 00:35:29,879
Speaker 1: Right?

671
00:35:31,400 --> 00:35:35,440
Speaker 3: Aren't we the winners? Don't we get to dictate the terms?

672
00:35:35,520 --> 00:35:36,720
Speaker 4: Armstrong and Getty