WEBVTT - Chuck’s Commentary - Trump Has Weaponized Every Part Of Government + US Has Lost Moral Authority On World Stage

0:00:04.680 --> 0:00:08.880
<v Speaker 1>Hello there, Happy Monday. It is Columbus Day Indigenous People

0:00:08.960 --> 0:00:12.800
<v Speaker 1>Day depending on the state you live in. Yes, both

0:00:13.240 --> 0:00:16.680
<v Speaker 1>are used. At the end of the day, a lot

0:00:16.680 --> 0:00:19.799
<v Speaker 1>of people have today off, which should mean quite a

0:00:19.800 --> 0:00:22.960
<v Speaker 1>few of you have more time to be listening. So welcome.

0:00:23.800 --> 0:00:26.400
<v Speaker 1>For those of you trying the podcast out for the

0:00:26.400 --> 0:00:33.240
<v Speaker 1>first time, Thank you appreciate it. We've loved our growth lately.

0:00:31.920 --> 0:00:36.519
<v Speaker 1>A few pieces of housekeeping. The biggest thing in the

0:00:36.560 --> 0:00:41.519
<v Speaker 1>podcast household is we have a new dog, rescue Dog two.

0:00:41.680 --> 0:00:44.839
<v Speaker 1>She's a poodle mix. I bring it up because she

0:00:44.960 --> 0:00:48.960
<v Speaker 1>may or may not make her presence known during this

0:00:49.120 --> 0:00:53.199
<v Speaker 1>portion of my recording. That's mostly why I'm sharing. I'm

0:00:53.240 --> 0:00:56.160
<v Speaker 1>sharing that news with you. Those of you that follow

0:00:56.480 --> 0:00:58.920
<v Speaker 1>me very closely on social media know at the end

0:00:58.920 --> 0:01:02.240
<v Speaker 1>of June we lost we lost a dog that we

0:01:02.280 --> 0:01:07.760
<v Speaker 1>had for fourteen years, Ruby. She was a standard Poodle.

0:01:08.319 --> 0:01:15.199
<v Speaker 1>She was terrific and lived a very full life until

0:01:15.240 --> 0:01:18.000
<v Speaker 1>the end. So we've been waiting for the summer. I'll

0:01:18.000 --> 0:01:20.720
<v Speaker 1>be honest, and I wanted to make sure it was

0:01:20.760 --> 0:01:23.560
<v Speaker 1>a rescue. This time. We didn't have kids in the house,

0:01:23.959 --> 0:01:25.759
<v Speaker 1>so you feel like you can be a little more

0:01:25.800 --> 0:01:33.680
<v Speaker 1>accommodating two more rambunctious dogs. Shall we say. She's got

0:01:33.720 --> 0:01:37.000
<v Speaker 1>a ton of energy. She's got the puppy energy of

0:01:37.000 --> 0:01:38.959
<v Speaker 1>a two year old. And at the same time, you know,

0:01:39.959 --> 0:01:42.720
<v Speaker 1>I probably only have like six to nine months of

0:01:42.760 --> 0:01:46.320
<v Speaker 1>this rather than the three years of puppy behavior that

0:01:46.720 --> 0:01:49.240
<v Speaker 1>many of you I know are used to when you

0:01:49.280 --> 0:01:52.080
<v Speaker 1>get a new dog. Anyway, so that is my daughter's

0:01:52.080 --> 0:01:54.840
<v Speaker 1>in town visiting for fall break, and so she's been

0:01:54.920 --> 0:01:57.200
<v Speaker 1>a big help here. My son comes for fall break

0:01:57.240 --> 0:02:00.760
<v Speaker 1>to meet her. He's a bit bumped that he wasn't

0:02:00.760 --> 0:02:03.800
<v Speaker 1>here for, but hey, she came a little bit earlier

0:02:03.840 --> 0:02:07.280
<v Speaker 1>than we expected. When you're on a rescue list, you

0:02:07.360 --> 0:02:10.639
<v Speaker 1>never know when they're going to say yes. Big thanks

0:02:10.800 --> 0:02:15.040
<v Speaker 1>to the folks in DC at City Dogs Rescue. They

0:02:15.080 --> 0:02:18.280
<v Speaker 1>do great work. It's almost all volunteers, as anybody knows.

0:02:18.800 --> 0:02:20.640
<v Speaker 1>You know. I hope if you're a pet lover you

0:02:20.760 --> 0:02:24.320
<v Speaker 1>help out any sort of dog and cat rescue in

0:02:24.360 --> 0:02:28.880
<v Speaker 1>your community. We know they do terrific work and it

0:02:28.960 --> 0:02:32.400
<v Speaker 1>is done simply. Most of the volunteers are there just

0:02:32.480 --> 0:02:35.120
<v Speaker 1>for the love of the animals. So big thanks to

0:02:35.360 --> 0:02:39.359
<v Speaker 1>City Dogs in Washington, d C. China. In the United

0:02:39.360 --> 0:02:44.399
<v Speaker 1>States had a escalating set of threats for the trade war,

0:02:44.639 --> 0:02:50.000
<v Speaker 1>one hundred percent tariffs and responds to protectionism with the

0:02:50.040 --> 0:02:53.200
<v Speaker 1>minerals in China. For what it's worth, all of it

0:02:53.240 --> 0:02:56.919
<v Speaker 1>seems to be posturing before the actual negotiation between the

0:02:56.960 --> 0:03:00.000
<v Speaker 1>two world leaders takes place in the next few weeks

0:03:00.000 --> 0:03:03.359
<v Speaker 1>weeks to a month. So even though the markets are reacting,

0:03:03.440 --> 0:03:05.720
<v Speaker 1>and it is interesting, when do the markets react to

0:03:05.720 --> 0:03:09.160
<v Speaker 1>Trump tariff threats, it appears whenever it's about China. Any

0:03:09.240 --> 0:03:12.120
<v Speaker 1>other aspect of tariff threats don't seem to impact the

0:03:12.160 --> 0:03:15.280
<v Speaker 1>stock market China. That's enough. Another story which I think

0:03:15.320 --> 0:03:18.920
<v Speaker 1>tells you how important the Chinese economy is to the

0:03:18.919 --> 0:03:22.359
<v Speaker 1>world economy. Right, we are the dominant economy in the world,

0:03:22.919 --> 0:03:26.040
<v Speaker 1>but we're not alone, and you know we can have

0:03:26.240 --> 0:03:29.680
<v Speaker 1>We can have a lot of impact, and so can China.

0:03:29.840 --> 0:03:33.440
<v Speaker 1>So I think we're learning here and each country is

0:03:33.480 --> 0:03:36.960
<v Speaker 1>feeling each other out. I think each country thought they

0:03:36.960 --> 0:03:39.040
<v Speaker 1>could quote unquote when this trade war, and I think

0:03:39.080 --> 0:03:41.480
<v Speaker 1>both countries are finding out in some ways this is

0:03:41.520 --> 0:03:43.880
<v Speaker 1>an unwinnable trade war. I'll get to more of it

0:03:43.920 --> 0:03:45.920
<v Speaker 1>before we get to my interview with Sandy, but I

0:03:45.960 --> 0:03:47.600
<v Speaker 1>wanted to get that out of the way. But look,

0:03:47.600 --> 0:03:51.320
<v Speaker 1>I'm going to begin with what we've been talking about

0:03:51.360 --> 0:03:53.920
<v Speaker 1>for some time, and that is where we are in

0:03:53.960 --> 0:03:57.040
<v Speaker 1>the government shutdown. And I will tell you this, We're

0:03:57.120 --> 0:04:03.320
<v Speaker 1>nowhere near We're nowhere close to seeing this resolved. And

0:04:03.360 --> 0:04:06.760
<v Speaker 1>the biggest reason is Donald Trump's not involved. Whatever you

0:04:06.800 --> 0:04:10.480
<v Speaker 1>think of Donald Trump, these days, you cannot negotiate with

0:04:10.560 --> 0:04:13.800
<v Speaker 1>Congressional Republicans without the sign off of Donald Trump. Congressional

0:04:13.800 --> 0:04:17.320
<v Speaker 1>Republicans cannot sign off on anything without getting permission from

0:04:17.320 --> 0:04:19.719
<v Speaker 1>Donald Trump. What do I mean by that? Permission? Sounds

0:04:20.040 --> 0:04:21.640
<v Speaker 1>you know, it sounds like I'm being snarky. But the

0:04:21.680 --> 0:04:25.039
<v Speaker 1>fact is, if Trump doesn't like something, he can absolutely

0:04:25.040 --> 0:04:28.039
<v Speaker 1>pull the rug out underneath from Republicans, as he has

0:04:28.800 --> 0:04:30.640
<v Speaker 1>right as he did, as he does to his own

0:04:30.640 --> 0:04:34.080
<v Speaker 1>cabinet secretaries. He just did a big one on Howard Lutnik,

0:04:34.120 --> 0:04:37.680
<v Speaker 1>who was about to amp up tariffs on international pharmaceutical

0:04:37.680 --> 0:04:41.000
<v Speaker 1>companies until Donald Trump stepped in and said, nah, we're

0:04:41.000 --> 0:04:44.280
<v Speaker 1>not going to do that because he's paranoid about price

0:04:44.360 --> 0:04:48.479
<v Speaker 1>hikes and uncertain things. Right, prescription drugs is one that

0:04:48.560 --> 0:04:51.560
<v Speaker 1>he's ultra sensitive to. He doesn't seem to be sensitive

0:04:51.880 --> 0:04:55.240
<v Speaker 1>to some things where his tariffs raise prices, but on

0:04:55.279 --> 0:05:00.480
<v Speaker 1>pharmaceuticals he is sensitive to that. I think it gets

0:05:00.680 --> 0:05:04.799
<v Speaker 1>what he believes is a big part of his constituency, older,

0:05:05.120 --> 0:05:10.240
<v Speaker 1>culturally conservative Americans who have been voting Democrat for most

0:05:10.440 --> 0:05:13.880
<v Speaker 1>of most of this twenty first century until Donald Trump

0:05:14.360 --> 0:05:16.720
<v Speaker 1>essentially promised that he wasn't going to be a Republican

0:05:17.040 --> 0:05:19.719
<v Speaker 1>that tried to cut sold security, Medicare, and Medicaid. Of course,

0:05:20.160 --> 0:05:23.720
<v Speaker 1>we're going to about to litigate a midterm election over

0:05:23.800 --> 0:05:27.120
<v Speaker 1>whether what the Republicans did is a cut to Medicaid

0:05:27.200 --> 0:05:32.640
<v Speaker 1>or not, and what voters think of the medicaid policy

0:05:32.760 --> 0:05:37.040
<v Speaker 1>that Republicans have put in. But it's just a fact.

0:05:37.080 --> 0:05:39.960
<v Speaker 1>And with Donald Trump really not engaged yet in the

0:05:40.000 --> 0:05:43.039
<v Speaker 1>government shutdown at all, he is in the Middle East

0:05:43.520 --> 0:05:46.080
<v Speaker 1>as I record this, essentially or on his way to

0:05:46.120 --> 0:05:49.760
<v Speaker 1>the Middle East, getting ready for a victory lap. And frankly,

0:05:49.760 --> 0:05:52.800
<v Speaker 1>it's a victory lop he deserves on this one, because

0:05:52.839 --> 0:05:57.000
<v Speaker 1>you know, when you look at his style of diplomacy,

0:05:57.040 --> 0:05:59.279
<v Speaker 1>it's not a good style of diplomacy to deal with

0:05:59.279 --> 0:06:02.200
<v Speaker 1>the Europeans. It is not a good style of diplomacy.

0:06:02.240 --> 0:06:07.120
<v Speaker 1>To deal with Southeast Asia, China, East Asia, you name it.

0:06:07.680 --> 0:06:11.359
<v Speaker 1>Not a good way. Maybe you could argue his style

0:06:11.400 --> 0:06:14.479
<v Speaker 1>works sort of kind of with the Indians, but that

0:06:14.640 --> 0:06:18.320
<v Speaker 1>so far has been a bit problematic. The one place

0:06:18.360 --> 0:06:22.880
<v Speaker 1>where his style of diplomacy I think can work is

0:06:22.880 --> 0:06:26.359
<v Speaker 1>in the Middle East. He's transactional, where many other of

0:06:26.360 --> 0:06:30.719
<v Speaker 1>an American president wouldn't feel comfortable, sort of doing the

0:06:30.760 --> 0:06:34.680
<v Speaker 1>kind of sleazy financial deals that are being done with

0:06:34.720 --> 0:06:38.080
<v Speaker 1>the Gulf States right now that get them engaged in

0:06:38.160 --> 0:06:40.520
<v Speaker 1>helping to pay for the rebuild of Gaza, get them

0:06:40.520 --> 0:06:43.360
<v Speaker 1>engaged with working with Israel. And if the Trumps make

0:06:43.360 --> 0:06:45.000
<v Speaker 1>a couple of bucks off of it, what does Donald

0:06:45.040 --> 0:06:47.320
<v Speaker 1>Trump care? And all of this right that it is

0:06:47.360 --> 0:06:50.520
<v Speaker 1>this sort of scratch my back, scratch your back kind

0:06:50.560 --> 0:06:57.800
<v Speaker 1>of mindset. It's unethical. It's something that I think we're

0:06:57.800 --> 0:07:01.280
<v Speaker 1>not comfortable our government doing, but it's going to get

0:07:01.320 --> 0:07:05.280
<v Speaker 1>the job done in some ways because there are no

0:07:05.400 --> 0:07:09.479
<v Speaker 1>rules in the Middle East at times. I think that

0:07:09.480 --> 0:07:13.240
<v Speaker 1>that's why you're seeing this style where ninety percent of

0:07:13.280 --> 0:07:16.280
<v Speaker 1>the time it's ineffective, but in this case it's an

0:07:16.280 --> 0:07:18.760
<v Speaker 1>effective way to go. I don't know if another American

0:07:18.880 --> 0:07:22.280
<v Speaker 1>president could have bullied Netnahu into taking this deal. He

0:07:22.320 --> 0:07:25.400
<v Speaker 1>didn't want to take any deal because his right flank

0:07:25.640 --> 0:07:29.720
<v Speaker 1>wasn't going to accept any deal. Any deal that stopped

0:07:29.720 --> 0:07:33.440
<v Speaker 1>this war clearly wasn't going to be acceptable to the

0:07:33.480 --> 0:07:37.200
<v Speaker 1>far right. One thing Donald Trump wanted was a victory, right,

0:07:37.440 --> 0:07:40.040
<v Speaker 1>He wanted to take the win. And it's an interesting

0:07:40.800 --> 0:07:45.120
<v Speaker 1>parallel because he basically it was interesting when they announced

0:07:45.160 --> 0:07:48.239
<v Speaker 1>the deal. Hamas accepted, but not quite on the terms

0:07:48.240 --> 0:07:51.400
<v Speaker 1>that Israel wanted. Trump went ahead and said, great, great

0:07:51.520 --> 0:07:54.560
<v Speaker 1>job Hamas, glad you took this deal. And it left

0:07:54.560 --> 0:07:58.640
<v Speaker 1>Netnah who completely naked, right, he yanked the rug. Bibi

0:07:58.800 --> 0:08:02.360
<v Speaker 1>did not want to say that Hamas agreed to those terms.

0:08:02.760 --> 0:08:06.880
<v Speaker 1>He wanted to continue to press forward, and Trump essentially

0:08:06.880 --> 0:08:10.160
<v Speaker 1>told him, no, you're not going to do it. Take

0:08:10.200 --> 0:08:13.400
<v Speaker 1>the win and move on. Now. Of course, the question

0:08:13.480 --> 0:08:18.120
<v Speaker 1>is going to be whether politically BB can survive without

0:08:18.240 --> 0:08:23.200
<v Speaker 1>having the threat of war right, Who's entire political career

0:08:25.200 --> 0:08:28.520
<v Speaker 1>has been about playing off of fear, fear of a Ran,

0:08:28.840 --> 0:08:32.400
<v Speaker 1>fear of Hamas, fear of Hesbelah. But it's always been

0:08:32.520 --> 0:08:35.840
<v Speaker 1>fear fear, fear. In some ways he's had, you know,

0:08:35.880 --> 0:08:39.839
<v Speaker 1>the last two years incredibly successful dealing with Iran, dealing

0:08:39.920 --> 0:08:44.000
<v Speaker 1>with Lebanon and Hesbela essentially is kneecapped Hesbela completely. Even

0:08:44.040 --> 0:08:48.680
<v Speaker 1>the uties are laying off, You're seeing diplomatic ties being

0:08:48.720 --> 0:08:53.480
<v Speaker 1>forged with many a Gulf state, and with all of

0:08:53.480 --> 0:08:56.839
<v Speaker 1>those fear factors off the table, it is likely going

0:08:56.880 --> 0:09:01.520
<v Speaker 1>to mean that the This is probably the beginning of

0:09:01.559 --> 0:09:04.880
<v Speaker 1>the end of bb NET. Now, who's political career is.

0:09:05.160 --> 0:09:07.800
<v Speaker 1>Does he have another six months? Does he stretch this

0:09:07.880 --> 0:09:10.520
<v Speaker 1>a year? We'll see. I told you about that poll

0:09:10.920 --> 0:09:16.600
<v Speaker 1>last week that showed two thirds of Israeli voters believe

0:09:16.679 --> 0:09:21.120
<v Speaker 1>he should resign. About two thirds of those wanted him

0:09:21.120 --> 0:09:23.400
<v Speaker 1>to resign immediately, another third we're willing to wait till

0:09:23.400 --> 0:09:25.440
<v Speaker 1>the war is over. Well, the war is essentially on

0:09:25.520 --> 0:09:27.800
<v Speaker 1>its way to being over. So we are now up

0:09:27.840 --> 0:09:30.880
<v Speaker 1>to two thirds of Israelis believe he needs to take responsibility.

0:09:30.880 --> 0:09:34.520
<v Speaker 1>That it was on his watch that an exposed Israel

0:09:34.559 --> 0:09:38.760
<v Speaker 1>got attacked by Jamas and all of it. You know,

0:09:38.800 --> 0:09:43.720
<v Speaker 1>it was strange much of the military strategy that bb

0:09:43.880 --> 0:09:48.640
<v Speaker 1>signed off on dealing with Iran. The hooties or hesblah,

0:09:48.760 --> 0:09:52.800
<v Speaker 1>we're all really smart and savvy. He never dealt He

0:09:52.880 --> 0:09:55.160
<v Speaker 1>never listened to his military advisors on how to deal

0:09:55.200 --> 0:09:58.640
<v Speaker 1>with Gaza and Hamas, which is arguably why it was

0:09:58.640 --> 0:10:03.319
<v Speaker 1>so brutal, was so terrible, why it was so poorly

0:10:03.720 --> 0:10:08.080
<v Speaker 1>thought out, and why it is made Israel among the

0:10:08.080 --> 0:10:12.880
<v Speaker 1>most isolated nations in the free world. And that's uh,

0:10:13.679 --> 0:10:17.560
<v Speaker 1>that's sad. For It's just sad. I'm very sad about

0:10:17.600 --> 0:10:20.800
<v Speaker 1>the fact that Israel is so isolated. I'm relieved that

0:10:20.840 --> 0:10:25.720
<v Speaker 1>many of the threats are gone, but how you conduct

0:10:25.760 --> 0:10:30.560
<v Speaker 1>yourself over time has a huge impact long term, and

0:10:30.559 --> 0:10:32.360
<v Speaker 1>we're going to see what kind of long term penalty

0:10:32.720 --> 0:10:35.960
<v Speaker 1>israel Is is going to have to pay for. How

0:10:36.080 --> 0:10:39.920
<v Speaker 1>for the horrendous way that BB and his team conducted

0:10:39.920 --> 0:10:45.120
<v Speaker 1>the war in Gaza. Everywhere else was much more precision efficiency,

0:10:45.200 --> 0:10:48.880
<v Speaker 1>sort of the the the way the Israelis had been

0:10:51.120 --> 0:10:53.920
<v Speaker 1>in some ways admired by militaries around the world for

0:10:54.000 --> 0:10:56.760
<v Speaker 1>their for their Saturday savvy and their strategy. Nobody was

0:10:56.800 --> 0:10:59.720
<v Speaker 1>admiring what they were doing in Gaza. There was nothing

0:11:00.559 --> 0:11:02.400
<v Speaker 1>like that, and in some ways that was driven by

0:11:03.559 --> 0:11:08.160
<v Speaker 1>just a far right fringe that was keeping BB in power.

0:11:08.360 --> 0:11:11.839
<v Speaker 1>But still that is what President Trump is doing right

0:11:11.880 --> 0:11:13.560
<v Speaker 1>now he's taking a victory, Levet. What he is not

0:11:14.000 --> 0:11:17.960
<v Speaker 1>doing is in the room on the shutdown, and that

0:11:18.080 --> 0:11:20.200
<v Speaker 1>at the end of the day is why we are

0:11:20.240 --> 0:11:24.520
<v Speaker 1>going to be here until he engages and at this point,

0:11:24.720 --> 0:11:26.960
<v Speaker 1>and this is this sort of gets to the theme

0:11:26.960 --> 0:11:31.720
<v Speaker 1>I want to hit on today, and that is the

0:11:31.760 --> 0:11:36.320
<v Speaker 1>sort of next level ugliness of our politics. You know,

0:11:36.360 --> 0:11:42.120
<v Speaker 1>there's always been this. Obviously politics and governing blur, but

0:11:42.240 --> 0:11:47.360
<v Speaker 1>there is a point where every successful government, no matter

0:11:47.360 --> 0:11:50.000
<v Speaker 1>which why you were governed, why you were elected. You

0:11:50.000 --> 0:11:51.679
<v Speaker 1>were elected because you're a liberal, you're elected because you

0:11:51.679 --> 0:11:55.520
<v Speaker 1>were a conservative, that ultimately, when you're governing you have

0:11:55.559 --> 0:11:58.400
<v Speaker 1>to do what's in the best interests of everybody. That

0:11:58.480 --> 0:12:02.120
<v Speaker 1>when you're governing, you don't just worry about your supporters,

0:12:02.600 --> 0:12:05.280
<v Speaker 1>you actually worry about the electorate as a whole. That's

0:12:05.360 --> 0:12:13.240
<v Speaker 1>the hallmark of this democracy. This administration governs has weaponized

0:12:13.520 --> 0:12:17.200
<v Speaker 1>everything through a political lens. When you look at what

0:12:17.280 --> 0:12:19.800
<v Speaker 1>Russell Voyd is doing at the Budget Department, this is

0:12:19.880 --> 0:12:24.360
<v Speaker 1>not a left right thing. This is dangerous behavior. Because

0:12:25.800 --> 0:12:30.199
<v Speaker 1>the minute we decide that you should govern politically and

0:12:30.400 --> 0:12:34.080
<v Speaker 1>only govern for those that support you, that is the

0:12:34.200 --> 0:12:36.760
<v Speaker 1>end of the republic as we know it is the

0:12:37.240 --> 0:12:40.200
<v Speaker 1>I'm not saying that our democracy ends, but what it

0:12:40.240 --> 0:12:44.920
<v Speaker 1>becomes is that each time one party gets elected, they

0:12:44.920 --> 0:12:48.200
<v Speaker 1>get in there and decide to purge the other party

0:12:48.320 --> 0:12:51.559
<v Speaker 1>and purge the government of You've heard Donald Trump say

0:12:51.600 --> 0:12:54.400
<v Speaker 1>that he wants to just lay off the Democrat part

0:12:54.679 --> 0:12:57.200
<v Speaker 1>of the government, right, which is why you know, in

0:12:57.240 --> 0:12:59.920
<v Speaker 1>their first round of doing this, Russell Voyd, who is

0:13:00.120 --> 0:13:04.520
<v Speaker 1>as usual, is sloppy with his initial you know, he

0:13:04.559 --> 0:13:07.640
<v Speaker 1>comes across as somebody that's very precise. But it's shocking

0:13:07.679 --> 0:13:10.880
<v Speaker 1>how often they do a lot of stupid things when

0:13:10.880 --> 0:13:15.480
<v Speaker 1>they try to do these layoffs or reduction the reduction

0:13:15.600 --> 0:13:19.240
<v Speaker 1>in force, and that they overfired at CDC and they

0:13:19.280 --> 0:13:21.880
<v Speaker 1>overfired at HHS and why did they target, right, HHS

0:13:21.920 --> 0:13:26.480
<v Speaker 1>is considered a democratic cabinet agency. Right, It's obvious they

0:13:26.520 --> 0:13:29.560
<v Speaker 1>do that when you look which ones they consider the

0:13:29.640 --> 0:13:33.120
<v Speaker 1>democratic agencies and which one they consider the republican agencies.

0:13:33.120 --> 0:13:37.520
<v Speaker 1>Like nobody has essentially hardly anybody's been furloughed or laid

0:13:37.559 --> 0:13:41.800
<v Speaker 1>off from the Department of Olymit Security, but quite a

0:13:41.880 --> 0:13:43.880
<v Speaker 1>few have been laid off at the Department of Labor.

0:13:44.520 --> 0:13:48.200
<v Speaker 1>And they went with a hatchet at the Department of HHS,

0:13:48.240 --> 0:13:51.959
<v Speaker 1>specifically at CDC, and then they realized, oh wow, all

0:13:52.000 --> 0:13:57.320
<v Speaker 1>these people are experts at certain things. These aren't political hacks.

0:13:57.880 --> 0:14:04.120
<v Speaker 1>These are reputable sciences that have incredible expertise in a

0:14:04.160 --> 0:14:08.080
<v Speaker 1>lot of areas that are crucial for the US government

0:14:08.120 --> 0:14:10.559
<v Speaker 1>to be involved in. Public health is something government has

0:14:10.600 --> 0:14:14.720
<v Speaker 1>to be involved in. This is not something you can privatize, certainly,

0:14:15.240 --> 0:14:19.000
<v Speaker 1>and so it is this is what is so scary

0:14:19.000 --> 0:14:21.120
<v Speaker 1>about what's happening. And in some ways Lindsay Graham gave

0:14:21.160 --> 0:14:26.320
<v Speaker 1>a piece of this in a recent appearance on Meet

0:14:26.360 --> 0:14:29.360
<v Speaker 1>the Press, and this goes at the weaponization of the

0:14:29.440 --> 0:14:32.880
<v Speaker 1>Justice Department, where essentially he justified what Trump was doing

0:14:32.920 --> 0:14:37.480
<v Speaker 1>by saying, but they went after Trump, and because Letitia

0:14:37.560 --> 0:14:41.160
<v Speaker 1>James went after Trump and went over the top something

0:14:41.160 --> 0:14:43.600
<v Speaker 1>that I look, I don't disagree that she shouldn't have.

0:14:43.680 --> 0:14:46.120
<v Speaker 1>She shouldn't have gone there. She could have, but she

0:14:46.200 --> 0:14:51.200
<v Speaker 1>went there for solely political reasons. You know, there it is.

0:14:51.280 --> 0:14:54.160
<v Speaker 1>It's certainly that doesn't mean he didn't do anything wrong,

0:14:54.560 --> 0:14:57.600
<v Speaker 1>but it's pretty clear she went after him. To quote,

0:14:57.600 --> 0:15:02.920
<v Speaker 1>get Trump on that front. But if you are upset

0:15:02.960 --> 0:15:06.960
<v Speaker 1>about the weaponization law of law enforcement. Then the last

0:15:06.960 --> 0:15:10.280
<v Speaker 1>thing you ought to be doing is then weaponizing law enforcement.

0:15:10.400 --> 0:15:14.360
<v Speaker 1>But that's exactly what they're doing right. Pam Bondi's just

0:15:14.640 --> 0:15:18.600
<v Speaker 1>despicable appearance in front of the Judiciary Committee last week,

0:15:18.640 --> 0:15:22.160
<v Speaker 1>where you know we now have learned thanks to some

0:15:22.200 --> 0:15:25.680
<v Speaker 1>photographs that sort of leaked she wrote down. She clearly

0:15:25.680 --> 0:15:30.160
<v Speaker 1>had her staff she so cares about politicizing the Justice

0:15:30.200 --> 0:15:33.080
<v Speaker 1>Department that she prepared for her testimony with one line

0:15:33.160 --> 0:15:36.480
<v Speaker 1>Zingers to go after any Democrat that questioned her in

0:15:36.520 --> 0:15:39.320
<v Speaker 1>a tough way. So she like had some pre made

0:15:39.360 --> 0:15:42.480
<v Speaker 1>attacks on Sheldon Whitehouse and pre made attacks on different

0:15:42.840 --> 0:15:46.120
<v Speaker 1>Democrats that questioned what she was doing over there. And

0:15:46.120 --> 0:15:49.480
<v Speaker 1>it just just take a step back, take your partisan

0:15:49.520 --> 0:15:51.960
<v Speaker 1>hat off, or put your partisan hat on, and say

0:15:52.280 --> 0:15:57.000
<v Speaker 1>if that is how Merret Garland had behaved, okay, and

0:15:57.120 --> 0:15:59.800
<v Speaker 1>it sent a Judiciary Committee, it's just coming up with

0:15:59.800 --> 0:16:03.840
<v Speaker 1>these spending time, taxpayer dollars to get her get his

0:16:03.960 --> 0:16:07.040
<v Speaker 1>staff to write one line zingers. Republicans would be rightfully

0:16:07.080 --> 0:16:10.640
<v Speaker 1>apoplectic at the politicizing of the Justice Department. But that's

0:16:10.680 --> 0:16:15.320
<v Speaker 1>exactly what Pam Bondi did. She literally spent taxpayer dollars

0:16:15.320 --> 0:16:18.360
<v Speaker 1>coming up with one liners and zingers to go after

0:16:18.520 --> 0:16:22.160
<v Speaker 1>rather than explaining if they're because she had no legal

0:16:22.240 --> 0:16:24.560
<v Speaker 1>rationale for what they did to Jim Comey, She had

0:16:24.560 --> 0:16:27.000
<v Speaker 1>no legal rationale for what they're doing to Leticia James.

0:16:27.080 --> 0:16:29.440
<v Speaker 1>She had no legal rationale to how they're just firing

0:16:29.520 --> 0:16:34.640
<v Speaker 1>US attorneys if they don't abide by the president's words.

0:16:35.480 --> 0:16:38.040
<v Speaker 1>And you know, this is another story that sort of

0:16:38.320 --> 0:16:42.120
<v Speaker 1>has gotten lost. The Washington Post has since reported and

0:16:42.160 --> 0:16:47.840
<v Speaker 1>got multiple sources to confirm that when in the infamous

0:16:47.880 --> 0:16:52.320
<v Speaker 1>Donald Trump truth social posts, that is going to probably

0:16:52.400 --> 0:16:54.920
<v Speaker 1>get the Jim Comy case thrown out of court, and

0:16:55.280 --> 0:16:57.440
<v Speaker 1>likely we'll get the Leticia James thrown out of court

0:16:57.480 --> 0:17:01.640
<v Speaker 1>because of the obvious buy that was used to get

0:17:01.680 --> 0:17:04.639
<v Speaker 1>them and diet it. And if I remind you, the

0:17:04.680 --> 0:17:08.240
<v Speaker 1>truth social Post stated this, Pam, I have reviewed over

0:17:08.320 --> 0:17:11.240
<v Speaker 1>thirty statements in posts saying that essentially quote same old

0:17:11.280 --> 0:17:14.000
<v Speaker 1>story as last time, all talked, no action, nothing is

0:17:14.040 --> 0:17:17.920
<v Speaker 1>being done. What about Kmy, Adam, Shifty Shift, Letitia, They're

0:17:17.920 --> 0:17:20.080
<v Speaker 1>all guilty as hell, but nothing is going to be done.

0:17:20.520 --> 0:17:23.000
<v Speaker 1>Then we almost put a Democrat supported US attorney in

0:17:23.040 --> 0:17:26.800
<v Speaker 1>Virginia and with a really bad Republican past awoke rhino

0:17:26.840 --> 0:17:29.160
<v Speaker 1>who is never going to do his job. That's why

0:17:29.200 --> 0:17:31.680
<v Speaker 1>two of the worst DEM senators pushed him so hard,

0:17:31.720 --> 0:17:35.520
<v Speaker 1>referring to Mark Warner and Tim Kaine for agreeing to

0:17:35.640 --> 0:17:40.800
<v Speaker 1>have to confirm that US attorney even lied to the

0:17:40.800 --> 0:17:42.760
<v Speaker 1>media and said he quit and that we had no case. No,

0:17:42.880 --> 0:17:44.639
<v Speaker 1>I fired him, and there is a great case, and

0:17:44.680 --> 0:17:48.080
<v Speaker 1>many lawyers in legal pundits say so, Lindsay Halligan is

0:17:48.119 --> 0:17:50.320
<v Speaker 1>a really good lawyer and likes you a lot. We

0:17:50.359 --> 0:17:53.320
<v Speaker 1>can't delay any longer. It's killing our reputation and our credibility.

0:17:53.359 --> 0:17:56.679
<v Speaker 1>They impeach me twice, induited me five times over nothing

0:17:56.840 --> 0:18:00.800
<v Speaker 1>just as must be served now. President DJT this because

0:18:00.800 --> 0:18:03.720
<v Speaker 1>we now know this was never intended to be a

0:18:03.760 --> 0:18:07.919
<v Speaker 1>public truth social post, so believe it or not, in

0:18:07.960 --> 0:18:11.239
<v Speaker 1>the year twenty twenty five, your United States government, the

0:18:11.280 --> 0:18:15.440
<v Speaker 1>President of the United States sends a private direct message.

0:18:15.680 --> 0:18:19.960
<v Speaker 1>Although he didn't the seventy nine year old techno expert

0:18:20.000 --> 0:18:22.080
<v Speaker 1>didn't know how to do it right. Pretty much all

0:18:22.080 --> 0:18:25.080
<v Speaker 1>of our some of us in our fifties have been there,

0:18:25.080 --> 0:18:27.679
<v Speaker 1>but certainly many people in there. Was this supposed to

0:18:27.720 --> 0:18:31.280
<v Speaker 1>be public. I didn't know, but apparently he was trying

0:18:31.320 --> 0:18:33.840
<v Speaker 1>to send her a private message. Apparently the only way

0:18:33.840 --> 0:18:36.159
<v Speaker 1>he can send a private message to the sitting Attorney

0:18:36.240 --> 0:18:42.959
<v Speaker 1>General of the United States is through his truth Social app. Seriously,

0:18:44.040 --> 0:18:46.760
<v Speaker 1>but apparently that's what it was, because this was never

0:18:46.920 --> 0:18:49.800
<v Speaker 1>meant for the public. This was supposed to be a

0:18:49.880 --> 0:18:54.240
<v Speaker 1>direct message. This is how your president of the United

0:18:54.240 --> 0:18:59.240
<v Speaker 1>States communicates with our attorney general. Our president is doing

0:18:59.400 --> 0:19:03.480
<v Speaker 1>is communicating this way. How what kind of direct messages

0:19:03.560 --> 0:19:07.560
<v Speaker 1>have gotten through? This is how he communicates even to

0:19:07.640 --> 0:19:13.040
<v Speaker 1>his own staff. Look, he was clearly threatening her and like, hey,

0:19:13.080 --> 0:19:15.200
<v Speaker 1>you better get it done. I already fired in a

0:19:15.320 --> 0:19:18.440
<v Speaker 1>US attorney that wouldn't do what I asked. I mean,

0:19:18.760 --> 0:19:21.080
<v Speaker 1>it is not hard to jump to the conclusions that

0:19:21.119 --> 0:19:23.760
<v Speaker 1>he was using this. You know, he didn't. He didn't

0:19:23.760 --> 0:19:27.679
<v Speaker 1>give her any any sort of honorific It was Pam,

0:19:28.560 --> 0:19:31.639
<v Speaker 1>let me tell you what you're going to do. But

0:19:31.720 --> 0:19:35.120
<v Speaker 1>I don't think we have had nearly the amount of

0:19:35.560 --> 0:19:39.199
<v Speaker 1>focus and attention to the fact that the president is

0:19:39.240 --> 0:19:43.919
<v Speaker 1>communicating with his staff on a completely unsecured truth. Trust me,

0:19:44.359 --> 0:19:48.400
<v Speaker 1>you think truth socials are really secure, just up to snuff,

0:19:49.080 --> 0:19:51.440
<v Speaker 1>right that Devin Newness man. That guy is a real

0:19:51.560 --> 0:19:54.919
<v Speaker 1>sharp guy, right, you trust him with your cybersecurity, You

0:19:54.960 --> 0:19:58.040
<v Speaker 1>trust him with the government cybersecurity. This is the way

0:19:58.080 --> 0:20:02.760
<v Speaker 1>the president. You Look, did you have any did you

0:20:02.800 --> 0:20:05.920
<v Speaker 1>have an issue with Hillary Clinton's emails and her private server?

0:20:07.160 --> 0:20:12.920
<v Speaker 1>This is a hundred times worse. Look, this was why

0:20:13.119 --> 0:20:16.520
<v Speaker 1>some of us thought what Hillary Clinton did was wrong.

0:20:16.640 --> 0:20:20.000
<v Speaker 1>Don't set these precedents. Don't sit here and say no, no, no.

0:20:20.040 --> 0:20:23.080
<v Speaker 1>But it's okay for me because I'm somehow I'm not

0:20:23.280 --> 0:20:25.320
<v Speaker 1>you know, I know what is what belongs in the

0:20:25.320 --> 0:20:29.160
<v Speaker 1>public record, and what doesn't. And this is what happens. Right,

0:20:29.320 --> 0:20:33.000
<v Speaker 1>We do these slippery slopes, and every time somebody decides

0:20:33.040 --> 0:20:38.560
<v Speaker 1>to change the way we do certain things, everything moves.

0:20:39.000 --> 0:20:41.280
<v Speaker 1>And now this guy has decided to have carte blanche.

0:20:41.320 --> 0:20:45.119
<v Speaker 1>He has no morals or ethics at all. There are

0:20:45.160 --> 0:20:48.359
<v Speaker 1>actually laws. These are again more laws that he's breaking. Here.

0:20:48.640 --> 0:20:51.879
<v Speaker 1>Nobody's going to prosecute him for the Presidential Records Act.

0:20:52.000 --> 0:20:55.240
<v Speaker 1>We we thought about trying to do that during the

0:20:55.359 --> 0:20:58.360
<v Speaker 1>uh UH, during the term that he was not serving,

0:20:58.440 --> 0:21:02.240
<v Speaker 1>when he clearly took classified material that belonged to the government.

0:21:02.640 --> 0:21:06.080
<v Speaker 1>Not Donald J. Trump, but he of course, does not

0:21:06.119 --> 0:21:09.520
<v Speaker 1>see the presidency as any different other than an extension

0:21:09.520 --> 0:21:11.520
<v Speaker 1>of himself, and he doesn't see any of it that plucky.

0:21:18.359 --> 0:21:21.399
<v Speaker 1>There's a reason results matter more than promises, just like

0:21:21.480 --> 0:21:24.600
<v Speaker 1>there's a reason Morgan and Morgan is America's largest injury

0:21:24.640 --> 0:21:27.400
<v Speaker 1>law firm. For the last thirty five years, they've recovered

0:21:27.520 --> 0:21:30.680
<v Speaker 1>twenty five billion dollars for more than half a million clients.

0:21:31.240 --> 0:21:34.800
<v Speaker 1>It includes cases where insurance companies offered next to nothing,

0:21:35.080 --> 0:21:37.880
<v Speaker 1>just hoping to get away with paying as little as possible.

0:21:37.960 --> 0:21:41.040
<v Speaker 1>Morgan and Morgan fought back ended up winning millions. In fact,

0:21:41.119 --> 0:21:44.240
<v Speaker 1>in Pennsylvania, one client was awarded twenty six million dollars,

0:21:44.720 --> 0:21:47.760
<v Speaker 1>which was a staggering forty times the amount that the

0:21:47.800 --> 0:21:51.080
<v Speaker 1>insurance company originally offered. That original offer six hundred and

0:21:51.080 --> 0:21:54.120
<v Speaker 1>fifty thousand dollars twenty six million, six hundred and fifty

0:21:54.119 --> 0:21:56.320
<v Speaker 1>thousand dollars. So with more than a thousand lawyers across

0:21:56.359 --> 0:21:58.800
<v Speaker 1>the country, they know how to deliver for everyday people.

0:21:58.880 --> 0:22:01.679
<v Speaker 1>If you're injured, you need lawyer, You need somebody to

0:22:01.680 --> 0:22:04.160
<v Speaker 1>get your back. Check out for the People dot Com,

0:22:04.200 --> 0:22:09.320
<v Speaker 1>Slash podcast or Dow Pound Law Pound five two nine

0:22:09.600 --> 0:22:13.040
<v Speaker 1>Law on your cell phone. And remember all law firms

0:22:13.080 --> 0:22:14.960
<v Speaker 1>are not the same. So check out Morgan and Morgan.

0:22:15.040 --> 0:22:23.560
<v Speaker 1>Their fee is free. Unless they win a US Congress

0:22:24.440 --> 0:22:28.760
<v Speaker 1>with any other president, oversight hearings would be set. Look

0:22:28.760 --> 0:22:31.120
<v Speaker 1>at all the hearings we had with Hillary Clinton's email

0:22:31.200 --> 0:22:34.920
<v Speaker 1>server where she was up there for hours being grilled

0:22:34.960 --> 0:22:39.480
<v Speaker 1>about the use of it. And again, I'm sorry, I

0:22:39.520 --> 0:22:42.720
<v Speaker 1>think she did have to answer for that because it

0:22:42.840 --> 0:22:44.480
<v Speaker 1>was wrong that she did it, because I know why

0:22:44.520 --> 0:22:46.320
<v Speaker 1>she did it. She did it to avoid Freedom of

0:22:46.359 --> 0:22:54.760
<v Speaker 1>Information Act requests. Okay, but she but she was held accountable,

0:22:55.040 --> 0:23:00.080
<v Speaker 1>and then some nobody's holding Donald Trump accountable for But

0:23:00.119 --> 0:23:05.120
<v Speaker 1>it is a brazen violation of the Government Records Act

0:23:05.240 --> 0:23:14.639
<v Speaker 1>one two, exposing all sorts of security issues by using

0:23:14.800 --> 0:23:21.360
<v Speaker 1>an unsecure truth Social app to communicate with a member

0:23:21.560 --> 0:23:24.879
<v Speaker 1>of the National Security Council. The Attorney General is a

0:23:24.920 --> 0:23:29.080
<v Speaker 1>member of the National Security Council, so in theory, much

0:23:29.119 --> 0:23:35.320
<v Speaker 1>of what they discuss is classified information all somehow in

0:23:35.440 --> 0:23:41.080
<v Speaker 1>this stew again of that, you know, because I'm sure

0:23:41.119 --> 0:23:46.080
<v Speaker 1>many people feel comfortable. If you feel comfortable with the

0:23:46.119 --> 0:23:50.239
<v Speaker 1>security of truth Social go ahead and direct message your

0:23:50.280 --> 0:23:52.680
<v Speaker 1>social security number Donald Trump. Tell me if you would

0:23:52.680 --> 0:23:56.800
<v Speaker 1>be comfortable doing that. I don't think you would. But

0:23:56.960 --> 0:24:02.439
<v Speaker 1>this is something that is just completely completely insane, and

0:24:02.440 --> 0:24:05.400
<v Speaker 1>we're like totally glossed over it because we're so used

0:24:05.440 --> 0:24:09.119
<v Speaker 1>to Donald Trump not sort of abiding by norms or

0:24:09.200 --> 0:24:12.520
<v Speaker 1>following the law. You know, when we say abiding by norms,

0:24:12.520 --> 0:24:15.680
<v Speaker 1>that's code for not following the law. Sort of totally

0:24:15.720 --> 0:24:18.560
<v Speaker 1>dismissive of laws in the US Congress's past. But of

0:24:18.600 --> 0:24:23.640
<v Speaker 1>course we have a Congress. This current Republican control Congress

0:24:23.760 --> 0:24:28.359
<v Speaker 1>is the single weakest Congress we have had easily going

0:24:28.400 --> 0:24:31.399
<v Speaker 1>back to the FDR and the New Deal. Right, but

0:24:31.480 --> 0:24:34.160
<v Speaker 1>he at least had numbers on his side. That's why

0:24:34.200 --> 0:24:37.639
<v Speaker 1>he was overwhelmingly getting Congress to essentially do what he wanted.

0:24:38.040 --> 0:24:41.200
<v Speaker 1>He actually won a large political argument which gave him

0:24:41.400 --> 0:24:46.000
<v Speaker 1>a large majority. Donald Trump has never won a majority

0:24:46.040 --> 0:24:50.080
<v Speaker 1>of anything. Even winning the popular vote, he didn't get

0:24:50.119 --> 0:24:55.040
<v Speaker 1>fifty percent. He didn't get over fifty percent. And this

0:24:55.240 --> 0:25:00.240
<v Speaker 1>Congress is just rolling over and again. The concern is

0:25:00.280 --> 0:25:02.919
<v Speaker 1>we are just setting all sorts of new precedents and

0:25:02.960 --> 0:25:07.720
<v Speaker 1>there are going to be this this Donald Trump's decision

0:25:07.800 --> 0:25:12.560
<v Speaker 1>to weaponize and ruin the credibility whatever was left of

0:25:12.600 --> 0:25:16.280
<v Speaker 1>the FBI. It is gone. Right, he is cash Ptel

0:25:16.560 --> 0:25:21.080
<v Speaker 1>is literally making Hoover seem like a statesman. We are

0:25:21.119 --> 0:25:25.320
<v Speaker 1>completely destroying the reputation of the rule of law in

0:25:25.320 --> 0:25:32.639
<v Speaker 1>this country, all because Donald Trump can't can't accept the

0:25:32.680 --> 0:25:36.879
<v Speaker 1>fact that he won. That's what's strange here. Right, he

0:25:36.960 --> 0:25:38.440
<v Speaker 1>lied to the country when he said he wouldn't be

0:25:38.440 --> 0:25:41.480
<v Speaker 1>focused on retribution. Right, he clearly was focused on retribution.

0:25:43.320 --> 0:25:45.760
<v Speaker 1>And in his own way, he thinks like a He

0:25:46.320 --> 0:25:50.040
<v Speaker 1>thinks like a movie mobster. Okay, not a real mobster, right,

0:25:50.320 --> 0:25:53.280
<v Speaker 1>Donald Trump, everything in him is sort of imaginary in

0:25:53.320 --> 0:25:55.320
<v Speaker 1>many ways, so he thinks like a movie mobster. And

0:25:55.320 --> 0:25:58.040
<v Speaker 1>in the movie, the mobster send a message, so no,

0:25:58.280 --> 0:26:00.880
<v Speaker 1>everybody knows you don't do this again. He goes after

0:26:00.920 --> 0:26:03.639
<v Speaker 1>certain people so that he can make sure other people

0:26:05.200 --> 0:26:10.760
<v Speaker 1>abide by his wishes. This is movie mobster stuff, and

0:26:11.160 --> 0:26:15.080
<v Speaker 1>is it really is deteriorating what is left of political

0:26:15.119 --> 0:26:18.720
<v Speaker 1>discourse in this country. It is deteriorating the reputation long

0:26:18.840 --> 0:26:22.480
<v Speaker 1>term of the Republican Party. And the thing is, you

0:26:22.480 --> 0:26:25.399
<v Speaker 1>know who knows it? About half of the elected Republicans

0:26:25.400 --> 0:26:28.080
<v Speaker 1>in Congress, they all know this is ridiculous. They all

0:26:28.119 --> 0:26:31.959
<v Speaker 1>know that if the roles were reversed, they would be apoplectic.

0:26:32.200 --> 0:26:35.240
<v Speaker 1>Sometimes every once in a while they admit it. The

0:26:35.240 --> 0:26:39.920
<v Speaker 1>governor of Oklahoma, Kevin Stitt, is one of the few

0:26:40.240 --> 0:26:45.240
<v Speaker 1>Republican governors questioning the decision by Greg Abbott to send

0:26:45.520 --> 0:26:48.760
<v Speaker 1>National Guard troops for the president's use in the state

0:26:48.800 --> 0:26:53.119
<v Speaker 1>of Illinois. As he said, if Joe Biden sent National

0:26:53.119 --> 0:26:55.320
<v Speaker 1>Guard troops from the state of Illinois and Oklahoma, there'd

0:26:55.320 --> 0:26:59.200
<v Speaker 1>be a problem in Oklahoma, and a lot of Republicans,

0:26:59.240 --> 0:27:02.480
<v Speaker 1>a lot of Oklahoma's have a problem with that. Good

0:27:02.480 --> 0:27:07.159
<v Speaker 1>for Kevin Stitt for speaking out the lack of people

0:27:07.280 --> 0:27:10.920
<v Speaker 1>and again, I understand the political fear many of these

0:27:10.920 --> 0:27:13.720
<v Speaker 1>Republicans have, but this stuff is not conservative, and this

0:27:13.760 --> 0:27:19.320
<v Speaker 1>stuff is eroding, eroding the reputation of the US government,

0:27:19.400 --> 0:27:23.280
<v Speaker 1>eroding the reputation of democracy around the world. Right, Because

0:27:23.280 --> 0:27:26.520
<v Speaker 1>if the US government, which is the United States, which

0:27:26.560 --> 0:27:30.080
<v Speaker 1>is considered the leading democracy around the world, starts to,

0:27:30.720 --> 0:27:33.240
<v Speaker 1>you know, essentially be abusive in its way and its

0:27:33.240 --> 0:27:37.440
<v Speaker 1>attempts to dibort people, who who are we to talk

0:27:37.480 --> 0:27:40.359
<v Speaker 1>about human rights violations to take place in Turkey, right,

0:27:41.000 --> 0:27:44.560
<v Speaker 1>or human rights violations to take place in China, where

0:27:44.600 --> 0:27:51.960
<v Speaker 1>the Wigers are clearly clearly being ex being forced basically

0:27:52.200 --> 0:27:56.640
<v Speaker 1>enforced labor camps. But we have no credibility on these

0:27:56.640 --> 0:28:00.840
<v Speaker 1>issues anymore because of how our democracy has behaved. We

0:28:00.920 --> 0:28:04.720
<v Speaker 1>have made no legal We've really not given any legal

0:28:04.840 --> 0:28:09.399
<v Speaker 1>justification for bombing boats that come out of Venezuela. I

0:28:09.440 --> 0:28:12.320
<v Speaker 1>had an interesting conversation with Jim Stevriti's for my new

0:28:12.359 --> 0:28:14.640
<v Speaker 1>sphere show. Please check it out and on oh Sphere

0:28:15.520 --> 0:28:17.520
<v Speaker 1>if you haven't tried it, do a free trial and

0:28:17.600 --> 0:28:21.120
<v Speaker 1>check out the interview. Sta Vradis was terrific. We talked,

0:28:21.160 --> 0:28:24.080
<v Speaker 1>We did a whole you know, we we did a

0:28:24.119 --> 0:28:30.199
<v Speaker 1>tour of the world, but we also talked about what

0:28:30.240 --> 0:28:32.919
<v Speaker 1>would military leaders do. What would he do? He was

0:28:32.960 --> 0:28:36.800
<v Speaker 1>the former head of Southern Command and if he was

0:28:36.840 --> 0:28:39.640
<v Speaker 1>given the orders that Southern Command has been given in

0:28:39.720 --> 0:28:42.480
<v Speaker 1>Venezuela so far. I asked him how would he handle it?

0:28:42.480 --> 0:28:44.360
<v Speaker 1>And the first thing he did, get his lawyer, he said,

0:28:44.720 --> 0:28:47.080
<v Speaker 1>his jag lawyer, which would then and if there was

0:28:47.120 --> 0:28:49.280
<v Speaker 1>some question about the legality of it, he would go

0:28:49.360 --> 0:28:51.600
<v Speaker 1>back to the Secretary of Defense and say what is

0:28:51.640 --> 0:28:56.280
<v Speaker 1>the legal justification of this? And if they created if

0:28:56.280 --> 0:29:00.240
<v Speaker 1>they had a legal justification that he felt that that

0:29:00.600 --> 0:29:02.840
<v Speaker 1>was defensible. He would follow the order, but if he

0:29:02.880 --> 0:29:06.120
<v Speaker 1>couldn't follow the order, he would resign. And I asked him,

0:29:06.160 --> 0:29:10.040
<v Speaker 1>I said, that's what is the if? What is the

0:29:10.040 --> 0:29:16.160
<v Speaker 1>most likely scenario if a high level general or admirals

0:29:16.200 --> 0:29:18.840
<v Speaker 1>given what they believe is an illegal order? And he said,

0:29:19.000 --> 0:29:23.000
<v Speaker 1>they'd likely resign without saying it in public, just simply resign.

0:29:25.160 --> 0:29:30.280
<v Speaker 1>There's there's that in his His explanation was there is

0:29:30.360 --> 0:29:36.200
<v Speaker 1>such a high level of belief in staying out of

0:29:36.240 --> 0:29:40.760
<v Speaker 1>the political fray that many a general or admiral would

0:29:40.800 --> 0:29:45.840
<v Speaker 1>feel uncomfortable making themselves the story in something like that.

0:29:46.400 --> 0:29:48.000
<v Speaker 1>I know some of you may hear that, because I

0:29:48.160 --> 0:29:49.720
<v Speaker 1>told the story to a few others and they were

0:29:49.720 --> 0:29:53.200
<v Speaker 1>disappointed to hear that. Many of these generals and admirals,

0:29:53.440 --> 0:29:57.800
<v Speaker 1>if they choose resignation, would probably do so silently and

0:29:57.840 --> 0:30:00.880
<v Speaker 1>not not go public right away why they were resigning.

0:30:00.880 --> 0:30:06.080
<v Speaker 1>Maybe they'd eventually go public, but not right away. But

0:30:06.120 --> 0:30:10.800
<v Speaker 1>that's just the that's that's how seriously many in the

0:30:10.800 --> 0:30:15.680
<v Speaker 1>military take the a political status of the military, and

0:30:15.960 --> 0:30:18.440
<v Speaker 1>what Donald Trump's trying to do right now by politicizing

0:30:18.480 --> 0:30:21.000
<v Speaker 1>the military by trying to turn the military. I mean,

0:30:21.520 --> 0:30:24.280
<v Speaker 1>it was interesting to me to see the story about

0:30:24.320 --> 0:30:27.040
<v Speaker 1>Joe Biden in the Washington Post where Biden was really

0:30:27.080 --> 0:30:31.480
<v Speaker 1>seething apparently at how Donald Trump in that in that

0:30:31.640 --> 0:30:36.080
<v Speaker 1>speech in front of the military leaders, seemed to run

0:30:36.160 --> 0:30:40.400
<v Speaker 1>down Biden personally like eight or nine times, right, totally nope. Again,

0:30:40.680 --> 0:30:45.560
<v Speaker 1>before Donald Trump, presidents drew the line at at sort

0:30:45.600 --> 0:30:50.840
<v Speaker 1>of dehumanizing previous presidents. Right, you may criticize previous policies,

0:30:51.080 --> 0:30:53.320
<v Speaker 1>but there was always there was some sort of respect

0:30:53.360 --> 0:30:56.720
<v Speaker 1>given to the person that once held the office. And

0:30:56.800 --> 0:30:59.960
<v Speaker 1>Donald Trump's lack of respect and and and a supper

0:31:00.160 --> 0:31:03.480
<v Speaker 1>order will tell me he's he's treating Biden the way

0:31:03.520 --> 0:31:08.280
<v Speaker 1>he thinks Biden treated him. Of course, Biden gave Trump

0:31:08.360 --> 0:31:12.840
<v Speaker 1>a post election oval office meeting. Donald Trump did not

0:31:12.960 --> 0:31:16.720
<v Speaker 1>do that. Joe Biden accepted the results of the twenty

0:31:16.760 --> 0:31:19.440
<v Speaker 1>twenty four election. Donald Trump didn't accept the results of

0:31:19.440 --> 0:31:26.640
<v Speaker 1>the twenty twenty election. But he has just runs down everybody. Shoot,

0:31:26.680 --> 0:31:30.240
<v Speaker 1>he's runs down pretty much every president before him except

0:31:30.960 --> 0:31:33.720
<v Speaker 1>Abraham Lincoln, and then sort of has these has this

0:31:33.800 --> 0:31:37.680
<v Speaker 1>weird obsession with saying he's better. Some people think he's

0:31:37.960 --> 0:31:41.360
<v Speaker 1>greater president than Lincoln. He's lucky. Some people don't think

0:31:41.440 --> 0:31:45.960
<v Speaker 1>he's being compared with James Buchanan, and I'll just leave

0:31:46.000 --> 0:31:54.560
<v Speaker 1>it at that. But it is this politicizing of everything right,

0:31:54.880 --> 0:32:00.360
<v Speaker 1>using the government shutdown to only attack Democrats. He's supposed

0:32:00.400 --> 0:32:03.960
<v Speaker 1>to govern for the entire United States of America. And

0:32:04.040 --> 0:32:07.440
<v Speaker 1>you've heard me rant about this before, but this inability

0:32:07.480 --> 0:32:11.160
<v Speaker 1>to want to go again. If a democratic administration refused

0:32:11.200 --> 0:32:14.760
<v Speaker 1>to govern for Republicans refute, tried to find a way

0:32:14.800 --> 0:32:21.080
<v Speaker 1>to prevent government congressionally approved government money from going to

0:32:21.800 --> 0:32:25.320
<v Speaker 1>a constituency that votes more Republican than Democrat, there would

0:32:25.320 --> 0:32:30.520
<v Speaker 1>be impeachment proceedings, and by the way, it would be justified.

0:32:31.320 --> 0:32:36.160
<v Speaker 1>What Donald Trump is doing is illegal, will likely get

0:32:36.200 --> 0:32:40.280
<v Speaker 1>reversed by the courts, but in the meantime, he is

0:32:40.320 --> 0:32:44.720
<v Speaker 1>setting some precedents that this is somehow acceptable politics and

0:32:44.800 --> 0:32:47.600
<v Speaker 1>the lack as always and I know I'm just sort

0:32:47.640 --> 0:32:51.440
<v Speaker 1>of old man yelling at cloud here, but the inability

0:32:51.720 --> 0:32:55.360
<v Speaker 1>of what's left of the principled elected Republicans out there

0:32:55.800 --> 0:32:59.800
<v Speaker 1>who cannot bring themselves to say this is wrong because

0:32:59.800 --> 0:33:03.200
<v Speaker 1>they know it's wrong, all because they are just trying

0:33:03.240 --> 0:33:07.120
<v Speaker 1>to survive politically because oh, you know, some of them say, hey,

0:33:07.160 --> 0:33:09.880
<v Speaker 1>if if you got rid of me, somebody crazier would

0:33:09.920 --> 0:33:17.440
<v Speaker 1>replace me. That's just that's just wishful thinking. Nobody is irreplaceable, Nobody,

0:33:18.680 --> 0:33:22.120
<v Speaker 1>even James Franklin at Penn State, right, nobody is irreplaceabent.

0:33:22.200 --> 0:33:24.920
<v Speaker 1>How'd you like that? Right? Giving you a hint a

0:33:24.960 --> 0:33:26.760
<v Speaker 1>little bit of what I'm gonna chat about in football

0:33:27.320 --> 0:33:36.080
<v Speaker 1>after the interview, but it is really they'll let you know, Look,

0:33:36.160 --> 0:33:38.360
<v Speaker 1>we've got a lot of crazy stuff that's happening right

0:33:38.400 --> 0:33:41.240
<v Speaker 1>now with the way he's conducting this government. But the

0:33:41.400 --> 0:33:45.000
<v Speaker 1>idea that he communicates with his staff via direct message

0:33:45.000 --> 0:33:48.280
<v Speaker 1>on truth social that sometimes can't make it out. He

0:33:48.360 --> 0:33:51.640
<v Speaker 1>has put you know, so so much of national security

0:33:51.680 --> 0:33:54.880
<v Speaker 1>at risk by by by doing that, and again god

0:33:54.920 --> 0:33:59.160
<v Speaker 1>only knows how other what other bad idea ways that

0:33:59.200 --> 0:34:02.520
<v Speaker 1>they're communicating with each other, including members of the national

0:34:02.560 --> 0:34:05.280
<v Speaker 1>security staff. And then the second thing is the lack

0:34:05.360 --> 0:34:12.400
<v Speaker 1>of outrage or concern that Again, this goes to the

0:34:12.400 --> 0:34:15.359
<v Speaker 1>whole two wrongs make a right. Donald Trump governs as

0:34:15.400 --> 0:34:18.799
<v Speaker 1>if two wrongs make a right, so weaponizing so if

0:34:18.840 --> 0:34:22.839
<v Speaker 1>he believes that, Leticia James unfairly prosecuted him. He's gonna

0:34:22.960 --> 0:34:29.040
<v Speaker 1>unfairly go after her. Well lucky for both Jim Comy

0:34:29.040 --> 0:34:32.520
<v Speaker 1>and Leticia James. Donald Trump said the quiet part out

0:34:32.560 --> 0:34:35.760
<v Speaker 1>loud because he didn't know how to send a direct

0:34:35.760 --> 0:34:40.080
<v Speaker 1>message to Pambondy on truth Social. But imagine being a

0:34:40.080 --> 0:34:43.600
<v Speaker 1>cabinet secretary and realizing before you go to bed, oh god,

0:34:43.840 --> 0:34:46.520
<v Speaker 1>did I check my direct messages on truth Social to

0:34:46.520 --> 0:34:49.640
<v Speaker 1>see if I have any new orders to follow from

0:34:49.680 --> 0:34:55.640
<v Speaker 1>dear leader. That's an this is this is this is

0:34:55.680 --> 0:35:01.440
<v Speaker 1>how we're running the country. Anyway, Before I get to

0:35:01.440 --> 0:35:05.799
<v Speaker 1>Mark Xandy, as I said, a few little updates on

0:35:05.840 --> 0:35:11.760
<v Speaker 1>the economy, I do again the one hundred percent tariff threat. Look,

0:35:13.280 --> 0:35:16.640
<v Speaker 1>there's no doubt that our trade relationship with China was

0:35:16.640 --> 0:35:19.040
<v Speaker 1>a mess. Is a mess, has been a mess before

0:35:19.080 --> 0:35:23.040
<v Speaker 1>Trump got there has been a mess. Trump knows one

0:35:23.600 --> 0:35:26.880
<v Speaker 1>way of trying to deal with them tariffs, sledgehammer. Biden

0:35:26.960 --> 0:35:28.799
<v Speaker 1>kept many of them in place. Right. This is a

0:35:28.880 --> 0:35:32.279
<v Speaker 1>very antagonistic relationship. But what we're both finding out is

0:35:34.080 --> 0:35:35.960
<v Speaker 1>we both need things from each other, and we're going

0:35:36.040 --> 0:35:40.040
<v Speaker 1>to end up having a trade deal that gives away

0:35:40.080 --> 0:35:41.960
<v Speaker 1>some things that neither side's going to be happy about.

0:35:43.239 --> 0:35:45.400
<v Speaker 1>But that's the reality of the situation. And if we

0:35:45.719 --> 0:35:47.279
<v Speaker 1>because if we don't do that, we're going to go

0:35:47.280 --> 0:35:52.440
<v Speaker 1>to war. And but this is a reminder when you

0:35:52.480 --> 0:35:54.520
<v Speaker 1>start a trade war, it is really hard to win

0:35:54.560 --> 0:35:58.200
<v Speaker 1>a trade war. And we've started a trade war, and

0:35:58.239 --> 0:36:02.320
<v Speaker 1>we're having a really hard time quote unquote trying to

0:36:02.360 --> 0:36:10.279
<v Speaker 1>win this trade war. There are real reasons why we've

0:36:10.320 --> 0:36:15.280
<v Speaker 1>got to we've got to recalibrate our economic relationship with China,

0:36:16.280 --> 0:36:18.279
<v Speaker 1>but much of it has to do with what we

0:36:18.360 --> 0:36:20.439
<v Speaker 1>need to do here, right And and one thing Donald

0:36:20.480 --> 0:36:23.879
<v Speaker 1>Trump another thing that you know, Look, I will point

0:36:23.920 --> 0:36:26.160
<v Speaker 1>out when I think Donald Trump does things that are correct.

0:36:26.840 --> 0:36:29.759
<v Speaker 1>This Midi Steel, I think is one that only he

0:36:30.280 --> 0:36:34.920
<v Speaker 1>could have pulled off given the characters involved here. But

0:36:34.960 --> 0:36:38.719
<v Speaker 1>he signed an executive order basically trying to jump start

0:36:40.719 --> 0:36:46.800
<v Speaker 1>UH production and research and UH and frankly the mining

0:36:47.040 --> 0:36:51.839
<v Speaker 1>of rare earth metals in the United States. And it

0:36:51.880 --> 0:36:57.080
<v Speaker 1>is what is motivating the quote the purchase of Greenland,

0:36:57.560 --> 0:37:00.840
<v Speaker 1>and that we are way too reliant on China for

0:37:00.920 --> 0:37:05.879
<v Speaker 1>these rare earth minerals. Look, if we had if we had,

0:37:06.000 --> 0:37:08.040
<v Speaker 1>if we knew how to conduct better form policy with

0:37:08.080 --> 0:37:09.920
<v Speaker 1>Latin America over for the last fifty years. And I

0:37:09.960 --> 0:37:12.000
<v Speaker 1>say we, I mean the United States. This is not

0:37:12.040 --> 0:37:14.520
<v Speaker 1>just something that Trump doesn't do well. This is something

0:37:14.560 --> 0:37:20.200
<v Speaker 1>every president hasn't done well. We could likely have dominance

0:37:20.239 --> 0:37:23.399
<v Speaker 1>in our own hemisphere, but we have so blown our

0:37:23.440 --> 0:37:28.120
<v Speaker 1>relationships down in South America, with Brazil in particular, Mexico

0:37:28.320 --> 0:37:34.120
<v Speaker 1>slightly improved there, and within Canada. All these antagonistic relationships

0:37:34.480 --> 0:37:38.240
<v Speaker 1>we're creating. Our own hemisphere likely could be the answer

0:37:38.360 --> 0:37:41.719
<v Speaker 1>to many of the rare earth metals that we could use,

0:37:42.960 --> 0:37:47.120
<v Speaker 1>but we've been short sighted there either way. Figuring out

0:37:47.200 --> 0:37:52.160
<v Speaker 1>how to either try to find these rare earth metals

0:37:52.200 --> 0:37:57.680
<v Speaker 1>domestically or diversifying our supply chain around the world will

0:37:57.680 --> 0:37:59.719
<v Speaker 1>allow us to be tougher on China. But right now

0:37:59.719 --> 0:38:04.640
<v Speaker 1>we have we really can't uh. And that's the that's

0:38:04.680 --> 0:38:20.320
<v Speaker 1>the uncomfortable that's the uncomfortable truth. There. It is Monday,

0:38:20.360 --> 0:38:22.680
<v Speaker 1>which also means we're going to go back into the

0:38:22.719 --> 0:38:32.719
<v Speaker 1>podcast time machine. Do I need to do a right

0:38:33.160 --> 0:38:36.680
<v Speaker 1>I don't know how. If you guys have you know,

0:38:37.280 --> 0:38:40.480
<v Speaker 1>I hope you like our little music interlude on this

0:38:41.040 --> 0:38:43.400
<v Speaker 1>you should. You should know that the inspiration I was

0:38:43.440 --> 0:38:47.640
<v Speaker 1>looking for was sort of Huey Lewis meets you know,

0:38:47.840 --> 0:38:51.760
<v Speaker 1>without you know, without having to pay Huey Lewis rights

0:38:51.800 --> 0:38:55.440
<v Speaker 1>for you know, Huey Lewis adjacent to give you the

0:38:55.600 --> 0:38:59.440
<v Speaker 1>vibe of of of back to the future. So the

0:38:59.480 --> 0:39:02.760
<v Speaker 1>time podcast Time Machine has actually got a financial theme

0:39:02.840 --> 0:39:06.359
<v Speaker 1>to it. I figured, you know, we're talking a lot

0:39:06.400 --> 0:39:09.360
<v Speaker 1>of things having to do with money the economy. Well,

0:39:09.640 --> 0:39:14.080
<v Speaker 1>on October nineteenth, nineteen eighty seven, that's where we're going back.

0:39:14.120 --> 0:39:16.840
<v Speaker 1>It's now called Black Monday. That was the day that

0:39:16.880 --> 0:39:20.520
<v Speaker 1>the US stock market lost twenty two point six percent

0:39:20.600 --> 0:39:23.080
<v Speaker 1>in a single trading day. It was one of the

0:39:23.080 --> 0:39:27.720
<v Speaker 1>most sudden and alarming crashes and financial history. And today

0:39:27.719 --> 0:39:30.239
<v Speaker 1>as we move in October twenty twenty five, we're in

0:39:30.280 --> 0:39:32.560
<v Speaker 1>the middle of it, with a lot of people wondering

0:39:33.080 --> 0:39:37.359
<v Speaker 1>is how bubblicious is this AI driven stock market? Right?

0:39:37.480 --> 0:39:40.160
<v Speaker 1>It's worth re examining the moment and asking could history

0:39:40.200 --> 0:39:44.560
<v Speaker 1>teach us anything relevant for this market? And what risks

0:39:44.760 --> 0:39:47.920
<v Speaker 1>lurk in twenty twenty five that echo nineteen eighty seven,

0:39:48.640 --> 0:39:51.440
<v Speaker 1>and are there safeguards that are missing? I have to

0:39:51.480 --> 0:39:53.520
<v Speaker 1>tell you this, we have a lot of safeguards today

0:39:53.680 --> 0:39:56.640
<v Speaker 1>because of the nineteen eighty seven black market. But here's

0:39:56.640 --> 0:39:58.719
<v Speaker 1>what you need to know about how it happened, and

0:39:58.880 --> 0:40:05.239
<v Speaker 1>I'll just be honest it that eighty seven crash. I

0:40:05.280 --> 0:40:10.160
<v Speaker 1>was fifteen. My dad would die thirty fourteen months later.

0:40:12.480 --> 0:40:20.520
<v Speaker 1>He was a modestly successful financial advisor. Needless to say,

0:40:20.560 --> 0:40:22.399
<v Speaker 1>all his clients lost a lot of money that day.

0:40:23.920 --> 0:40:27.680
<v Speaker 1>Whatever savings my parents had were gone that day never

0:40:27.719 --> 0:40:32.799
<v Speaker 1>recovered at that point and led to sort of So

0:40:32.880 --> 0:40:36.839
<v Speaker 1>I've it has always been a it was sort of

0:40:36.960 --> 0:40:39.400
<v Speaker 1>I've always pinpointed it, even though my dad had not

0:40:39.400 --> 0:40:42.200
<v Speaker 1>been diagnosed yet, always have pinpointed it as sort of

0:40:42.200 --> 0:40:45.799
<v Speaker 1>the beginning of the end for my father. So there

0:40:45.880 --> 0:40:50.880
<v Speaker 1>is a for me. This is both personal and professed

0:40:50.920 --> 0:40:52.680
<v Speaker 1>and certainly had an impact on how I think about

0:40:52.760 --> 0:40:54.719
<v Speaker 1>markets and how I think about the economy, and how

0:40:54.760 --> 0:41:00.480
<v Speaker 1>I think about how you what you think the stock

0:41:00.520 --> 0:41:05.400
<v Speaker 1>market and how much you should react, underreact, overreact, et cetera.

0:41:06.440 --> 0:41:08.400
<v Speaker 1>But let me give you sort of a larger look

0:41:08.480 --> 0:41:10.520
<v Speaker 1>at what the economy was looking like back then. In

0:41:10.600 --> 0:41:14.760
<v Speaker 1>mid eighty seven, market had already been running up big time,

0:41:15.280 --> 0:41:18.959
<v Speaker 1>valuations were stretched, growth was decelerating, while inflation and interest

0:41:19.040 --> 0:41:23.719
<v Speaker 1>rates were starting to rise again. Yet international currency was

0:41:23.760 --> 0:41:26.320
<v Speaker 1>a contributor to this one. The eighty five Plaza Accord,

0:41:26.600 --> 0:41:29.960
<v Speaker 1>which sought to push the US dollar lower, that had

0:41:30.000 --> 0:41:32.200
<v Speaker 1>a contribution there, and by eighty seven markets were uneasy

0:41:33.360 --> 0:41:36.680
<v Speaker 1>about the coordination under a follow up accord called the

0:41:36.760 --> 0:41:42.000
<v Speaker 1>Louver Accords. And what was interesting is that in the

0:41:42.040 --> 0:41:45.319
<v Speaker 1>week leading up to the crash, it was a crash

0:41:45.360 --> 0:41:48.320
<v Speaker 1>happened on a Monday, markets had already been seeing some sharp,

0:41:48.560 --> 0:41:52.359
<v Speaker 1>sharp decline, so there was definitely pressure to sell more

0:41:52.360 --> 0:41:55.640
<v Speaker 1>and more we're thinking about selling. So when you look

0:41:55.640 --> 0:41:59.080
<v Speaker 1>at you know, when you look back in history, the

0:41:59.080 --> 0:42:02.400
<v Speaker 1>biggest structural culprit to the sort of near to this

0:42:02.560 --> 0:42:06.840
<v Speaker 1>crash was something called portfolio insurance or dynamic hedging. This

0:42:06.960 --> 0:42:11.160
<v Speaker 1>was sort of the first iteration of computerized, computer based

0:42:11.200 --> 0:42:16.160
<v Speaker 1>programs that automatically triggered trades. So as prices fell, it

0:42:16.200 --> 0:42:20.239
<v Speaker 1>automatically increased short positions i e. Futures that were then

0:42:20.280 --> 0:42:23.279
<v Speaker 1>to hedge, and it effectively was selling into a weak

0:42:23.400 --> 0:42:27.600
<v Speaker 1>market and it would sort of ballooned on itself. It

0:42:27.680 --> 0:42:32.640
<v Speaker 1>triggered all sorts of horrible feedback loops, falling prices more hedge, hedging,

0:42:32.920 --> 0:42:36.680
<v Speaker 1>more selling, more downward pressure, more hedging, right, and it

0:42:36.719 --> 0:42:39.320
<v Speaker 1>was it was sort of it was what it was

0:42:40.200 --> 0:42:42.239
<v Speaker 1>the first time we were warned of what happened when

0:42:42.280 --> 0:42:46.640
<v Speaker 1>you start to attempt to automate certain trading decisions, right,

0:42:46.880 --> 0:42:49.960
<v Speaker 1>you automatically buy if you see a number here, automatically

0:42:50.000 --> 0:42:51.799
<v Speaker 1>do this if you see a number there. So all

0:42:51.800 --> 0:42:56.560
<v Speaker 1>of a sudden, quickly liquidity and and got stressed immediately.

0:42:57.440 --> 0:43:00.800
<v Speaker 1>Some stocks even open late, they were halted. Sometimes bids

0:43:00.800 --> 0:43:04.400
<v Speaker 1>disappeared because remember some things are computerized, some things weren't,

0:43:06.440 --> 0:43:08.960
<v Speaker 1>and then the structure of the market couldn't absorb all

0:43:08.960 --> 0:43:13.319
<v Speaker 1>the orders. I mean it basically, if you think about

0:43:13.360 --> 0:43:15.480
<v Speaker 1>what happened in October of eighty seven, and you know

0:43:15.520 --> 0:43:18.919
<v Speaker 1>the movie Trading Places, when they're having that when those

0:43:18.960 --> 0:43:22.080
<v Speaker 1>guys are on the floor, when everything's panicking and they're

0:43:22.120 --> 0:43:24.680
<v Speaker 1>having heart attacks, theyll sell and the whole frozen orange

0:43:24.760 --> 0:43:28.160
<v Speaker 1>juice concentrate business. If you can imagine that, that's kind

0:43:28.200 --> 0:43:30.680
<v Speaker 1>of how it looked there, and that's still the way

0:43:31.080 --> 0:43:37.759
<v Speaker 1>trading was done on that floor, and it was it

0:43:37.840 --> 0:43:40.520
<v Speaker 1>certainly led to a lot of safeguards being put in,

0:43:40.640 --> 0:43:43.520
<v Speaker 1>but the crash Interestingly about this crash is it wasn't

0:43:43.600 --> 0:43:47.640
<v Speaker 1>rooted in sort of a singular catastrophic macro shock like

0:43:47.680 --> 0:43:50.280
<v Speaker 1>the collapse of Layman Brothers right in the Great Recession.

0:43:51.000 --> 0:43:53.680
<v Speaker 1>There was no war, there was no overnight dead crisis.

0:43:54.200 --> 0:43:58.640
<v Speaker 1>The ferocity came simply from the market's of fragility, leverage,

0:43:58.680 --> 0:44:02.640
<v Speaker 1>and mechanical strategy. It was a bit over leveraged trust.

0:44:02.640 --> 0:44:05.719
<v Speaker 1>Me as a kid, I knew. I knew that it

0:44:05.760 --> 0:44:08.680
<v Speaker 1>was a tripping triple witching Friday. It was something like

0:44:08.719 --> 0:44:13.840
<v Speaker 1>when option Friday coincided with a report. I can't remember

0:44:14.160 --> 0:44:16.719
<v Speaker 1>what all of that lingo meant, but I know it

0:44:16.800 --> 0:44:20.440
<v Speaker 1>would make my father's mood either good or bad, depending

0:44:20.600 --> 0:44:23.480
<v Speaker 1>on the situation. Let's just say he never had another

0:44:23.520 --> 0:44:29.480
<v Speaker 1>good mood after that. Again, the good news about that

0:44:29.560 --> 0:44:34.080
<v Speaker 1>crash is that, because it was essentially a mechanical crash,

0:44:34.680 --> 0:44:37.360
<v Speaker 1>I guess the way to put it, it didn't provoke

0:44:37.400 --> 0:44:39.920
<v Speaker 1>a broader banking crisis. Right. There wasn't a run on

0:44:40.000 --> 0:44:42.600
<v Speaker 1>banks like we had during the Great Recession, and we

0:44:42.680 --> 0:44:46.720
<v Speaker 1>didn't end up in a deep recession unlike two thousand

0:44:46.760 --> 0:44:51.480
<v Speaker 1>and eight or even after nineteen twenty nine. Believe it

0:44:51.560 --> 0:44:53.960
<v Speaker 1>or not, It took only two sessions after the crash

0:44:54.000 --> 0:44:56.880
<v Speaker 1>for the DOW to claw back fifty seven percent of

0:44:56.920 --> 0:44:59.960
<v Speaker 1>its drop. The market fully regained its prior high by

0:45:00.000 --> 0:45:03.880
<v Speaker 1>early nineteen eighty nine, less than two years later, and

0:45:03.920 --> 0:45:07.440
<v Speaker 1>then afterward regulators and exchanges added mechanisms like circuit breakers

0:45:07.480 --> 0:45:11.920
<v Speaker 1>trading halts to slow panic in future crashes. Look, it

0:45:12.040 --> 0:45:15.319
<v Speaker 1>was the first lesson I ever got, which was, hey,

0:45:15.880 --> 0:45:20.040
<v Speaker 1>don't panic, you know, close your eyes. If you're younger,

0:45:20.120 --> 0:45:22.799
<v Speaker 1>close your eyes. Eventually the market is going to come

0:45:22.840 --> 0:45:26.399
<v Speaker 1>back because the market always you can see it, right,

0:45:26.440 --> 0:45:30.640
<v Speaker 1>there's always this upward trajectory, and in some ways many

0:45:30.640 --> 0:45:33.239
<v Speaker 1>people behave that way anyway. Now, the question is where

0:45:33.280 --> 0:45:36.239
<v Speaker 1>are we sitting now? Right? Is this a bubble? Do

0:45:36.320 --> 0:45:38.200
<v Speaker 1>we only have? Right? The S and P five hundred

0:45:38.239 --> 0:45:43.239
<v Speaker 1>keeps going gangbusters? That down not so much, right, There's

0:45:43.239 --> 0:45:45.719
<v Speaker 1>all sorts of things that could be happening here that

0:45:45.760 --> 0:45:48.560
<v Speaker 1>were not quite one hundred percent sure of. Right. Why

0:45:48.600 --> 0:45:51.040
<v Speaker 1>are the large stocks continue to go up? Is this

0:45:51.200 --> 0:45:54.120
<v Speaker 1>all due to AI investment? How much of this is

0:45:54.200 --> 0:45:57.320
<v Speaker 1>due to people who've gotten who are sort of heavy

0:45:57.360 --> 0:46:01.880
<v Speaker 1>into crypto. It got essentially legalized by the government, and

0:46:01.920 --> 0:46:05.640
<v Speaker 1>they've quickly got out of crypto and then bought Microsoft, Google,

0:46:05.719 --> 0:46:09.560
<v Speaker 1>you know, all the large cap stocks in order to

0:46:09.640 --> 0:46:12.800
<v Speaker 1>take this imagined money and turn it into a real asset.

0:46:14.080 --> 0:46:18.040
<v Speaker 1>We shall see, but there's certainly a lot going on

0:46:18.080 --> 0:46:23.160
<v Speaker 1>in this market that for those that are not experts

0:46:23.200 --> 0:46:26.080
<v Speaker 1>in it are wondering, are you sure you're not missing something?

0:46:26.160 --> 0:46:28.160
<v Speaker 1>Are we sure this isn't a bubble? Are we sure

0:46:28.160 --> 0:46:30.480
<v Speaker 1>we're not going to end up in a situation like

0:46:30.520 --> 0:46:31.880
<v Speaker 1>what we saw in two thousand and eight or what

0:46:31.920 --> 0:46:37.200
<v Speaker 1>we saw in nineteen eighty seven, in twenty twenty five,

0:46:37.320 --> 0:46:41.399
<v Speaker 1>so the question is you know what parallels are out there, Well,

0:46:41.440 --> 0:46:43.919
<v Speaker 1>we do have an algorithmic parallel, right that you could

0:46:43.920 --> 0:46:47.240
<v Speaker 1>be their markets are even more dominated by algorithmic trading,

0:46:47.880 --> 0:46:52.480
<v Speaker 1>quant strategies and AI and models, and it raises the

0:46:52.680 --> 0:46:58.319
<v Speaker 1>risk of algorithmic collisions or systemic feedback loops. We supposedly

0:46:58.360 --> 0:47:01.200
<v Speaker 1>are constantly looking to make sure this doesn't happen again,

0:47:01.640 --> 0:47:04.360
<v Speaker 1>but so much is automated. Remember we had that flash

0:47:04.400 --> 0:47:07.759
<v Speaker 1>crash this is probably about eight years ago now, which

0:47:07.760 --> 0:47:10.800
<v Speaker 1>we had that thousand point drop out of nowhere because

0:47:10.800 --> 0:47:14.839
<v Speaker 1>of a glitch in one of these automated things. And

0:47:15.239 --> 0:47:19.000
<v Speaker 1>so you can't help but wonder. And then of course

0:47:20.080 --> 0:47:24.720
<v Speaker 1>there's the fact that could a nefarious actor hack into

0:47:24.760 --> 0:47:28.359
<v Speaker 1>one of these large private equity funds and sort of

0:47:28.400 --> 0:47:34.040
<v Speaker 1>trigger trigger a flash crash of some sort, right, and

0:47:34.080 --> 0:47:39.560
<v Speaker 1>trigger a market collapse essentially by redoing an algorithm. I

0:47:39.560 --> 0:47:41.920
<v Speaker 1>think there's a lot of things here that we ought

0:47:41.960 --> 0:47:45.719
<v Speaker 1>to be worried about. The other parallel is the sort

0:47:45.719 --> 0:47:48.640
<v Speaker 1>of concentration risk, right in twenty twenty. So far this year,

0:47:48.719 --> 0:47:52.120
<v Speaker 1>valuations in certain sectors, particularly I in tech are under

0:47:52.320 --> 0:47:55.080
<v Speaker 1>a ton of scrutiny. Central banks are worrying about overvaluation,

0:47:55.280 --> 0:47:59.680
<v Speaker 1>structurally fragile markets. The equity markets are increasingly concentrated, meaning

0:47:59.840 --> 0:48:03.600
<v Speaker 1>it's just a few big, mega tech names that carry

0:48:03.680 --> 0:48:09.520
<v Speaker 1>outsized weight. Right. If Palenteer is in Navidia are somehow,

0:48:10.400 --> 0:48:12.759
<v Speaker 1>you know, exposed to be something that they're not. And

0:48:12.800 --> 0:48:16.200
<v Speaker 1>I'm not implying that they are, right, but if they

0:48:16.200 --> 0:48:20.040
<v Speaker 1>somehow were the contagion of something like that, right, it

0:48:20.040 --> 0:48:23.120
<v Speaker 1>would impact your Microsoft's, it would impact Google, it would

0:48:23.120 --> 0:48:27.040
<v Speaker 1>impact Amazon. I mean, the contagion effect of this is

0:48:27.040 --> 0:48:31.520
<v Speaker 1>something that you do have a lot of people worried about.

0:48:32.000 --> 0:48:34.680
<v Speaker 1>And then, of course the other part of this is

0:48:34.719 --> 0:48:36.640
<v Speaker 1>something we didn't have in eighty seven that we do

0:48:36.719 --> 0:48:40.919
<v Speaker 1>have today, concerned about the politicizing of the FED, which

0:48:40.920 --> 0:48:47.000
<v Speaker 1>could manipulate markets, which in turn could cause a trash,

0:48:47.080 --> 0:48:49.680
<v Speaker 1>cause a crash. Now some of the differences, right, why

0:48:49.760 --> 0:48:53.359
<v Speaker 1>eighty seven is not really a corollary to twenty twenty five.

0:48:53.920 --> 0:48:56.800
<v Speaker 1>Market infrastructure is a lot more mature. We have a

0:48:56.840 --> 0:48:59.400
<v Speaker 1>lot more exchanges that are resilient. There are more circuit

0:48:59.440 --> 0:49:01.839
<v Speaker 1>breakers in case they are halts that are baked in

0:49:01.920 --> 0:49:04.359
<v Speaker 1>in case we do have a flash crash, in case

0:49:04.360 --> 0:49:08.440
<v Speaker 1>an algorithm does go haywire. Information is a lot more transparent,

0:49:08.440 --> 0:49:11.839
<v Speaker 1>it's a lot more real time. Every investor has more

0:49:11.880 --> 0:49:16.080
<v Speaker 1>tools at their own disposal. You know. That's both good

0:49:16.120 --> 0:49:17.960
<v Speaker 1>and bad. It means everybody could make their own run

0:49:17.960 --> 0:49:19.160
<v Speaker 1>on a bank. You don't have to go find a

0:49:19.200 --> 0:49:24.359
<v Speaker 1>trader to do it for you. And in some ways,

0:49:24.400 --> 0:49:27.920
<v Speaker 1>because the markets are so global and so interconnected that

0:49:28.000 --> 0:49:31.319
<v Speaker 1>in many ways, we all either rise and fall together. Right,

0:49:31.360 --> 0:49:33.600
<v Speaker 1>It's not as if this would be an American problem,

0:49:33.640 --> 0:49:37.160
<v Speaker 1>and it wouldn't be a problem everywhere else. In a

0:49:37.160 --> 0:49:39.480
<v Speaker 1>weird way, if we're all in it together, is that

0:49:39.560 --> 0:49:43.520
<v Speaker 1>a good thing? Or will we somehow take the blame

0:49:43.560 --> 0:49:48.320
<v Speaker 1>if we somehow bring down the world the world economy.

0:49:48.680 --> 0:49:51.880
<v Speaker 1>But either way, that's the way back machine. Nineteen eighty seven,

0:49:53.640 --> 0:49:59.960
<v Speaker 1>Black Monday. It has a particular resonance for me because

0:50:00.239 --> 0:50:02.400
<v Speaker 1>it was it was for me sort of the beginning

0:50:02.400 --> 0:50:04.840
<v Speaker 1>of the end for my father and for a variety

0:50:04.880 --> 0:50:11.120
<v Speaker 1>of reasons. But it also taught me some lessons about

0:50:11.120 --> 0:50:14.239
<v Speaker 1>the market. And you know, there are people that were

0:50:14.239 --> 0:50:16.239
<v Speaker 1>close to my father were very angry about how the

0:50:16.280 --> 0:50:20.680
<v Speaker 1>market acted that day and not paying attention to the

0:50:20.680 --> 0:50:26.600
<v Speaker 1>fact that if they had just taken a breath, they'd

0:50:26.600 --> 0:50:29.719
<v Speaker 1>have been in a better place two years later than

0:50:29.760 --> 0:50:33.200
<v Speaker 1>they were on the day of the crash. And it's

0:50:33.239 --> 0:50:37.040
<v Speaker 1>something I've learned over the years. Never panic right away

0:50:37.440 --> 0:50:41.200
<v Speaker 1>when it comes. If you're investing money is don't invest

0:50:41.239 --> 0:50:44.560
<v Speaker 1>money you need right away. If you're investing money, it's

0:50:44.760 --> 0:50:48.120
<v Speaker 1>just that let it, let it do its work, and

0:50:48.280 --> 0:50:52.120
<v Speaker 1>you know the long term rise. There's always going to

0:50:52.160 --> 0:50:55.799
<v Speaker 1>be volatility in the middle, and you've got to if

0:50:56.000 --> 0:51:01.040
<v Speaker 1>if you have us, if you're invested soundly, the volatility

0:51:01.440 --> 0:51:05.120
<v Speaker 1>should should be in some ways minimized. Sometimes the worst

0:51:05.120 --> 0:51:08.719
<v Speaker 1>thing we have these days is it's too easy to

0:51:08.719 --> 0:51:12.480
<v Speaker 1>follow all of this right, So there's a history lesson

0:51:12.520 --> 0:51:14.200
<v Speaker 1>for the day. So with that, let me turn to

0:51:14.200 --> 0:51:23.279
<v Speaker 1>a few questions ask Chuck. First question comes from Brian Chuck.

0:51:23.320 --> 0:51:25.080
<v Speaker 1>I really enjoy listening to your show. For some reason,

0:51:25.120 --> 0:51:27.680
<v Speaker 1>all of our local, state, and even city political parties

0:51:27.840 --> 0:51:30.120
<v Speaker 1>all seem to be affiliated with the two national parties.

0:51:30.360 --> 0:51:33.400
<v Speaker 1>You've had independent candidates running for governor in certain states

0:51:33.440 --> 0:51:35.720
<v Speaker 1>that say they can't be a Democrat or Republican because

0:51:35.719 --> 0:51:38.640
<v Speaker 1>that brand name is toxic in that state. Here's my question.

0:51:38.640 --> 0:51:40.440
<v Speaker 1>Would it make more sense for the Democratic Party of

0:51:40.480 --> 0:51:44.200
<v Speaker 1>Idaho or the Republican Party of Massachusetts and similar situations

0:51:44.400 --> 0:51:46.600
<v Speaker 1>to change their name to something different than the Democrat

0:51:46.680 --> 0:51:49.480
<v Speaker 1>or Republican or to carve off the state political party

0:51:49.640 --> 0:51:52.240
<v Speaker 1>from the national political party names and run state candidates

0:51:52.239 --> 0:51:57.319
<v Speaker 1>for legislature for governor under a different name. Regards to Brian, well,

0:51:57.320 --> 0:52:00.680
<v Speaker 1>actually that's the state of Minnesota. It's the Demoocratic Farm

0:52:00.800 --> 0:52:03.360
<v Speaker 1>Labor Party and the Republican Party until recently used to

0:52:03.400 --> 0:52:07.120
<v Speaker 1>be known as the Independent Republican Party. Those two state parties,

0:52:07.200 --> 0:52:09.279
<v Speaker 1>and in fact, there were two parties at one time

0:52:09.560 --> 0:52:13.680
<v Speaker 1>in Minnesota that make up the Democrat and Farm DFL.

0:52:13.760 --> 0:52:17.600
<v Speaker 1>It was known as Democratic Farm Labor Party. I have

0:52:17.719 --> 0:52:23.040
<v Speaker 1>often wondered why parties haven't done this, and that, actually,

0:52:23.320 --> 0:52:27.439
<v Speaker 1>to me, isn't such a crazy notion to this day.

0:52:27.960 --> 0:52:33.719
<v Speaker 1>You know, look, the word independent is totally I can

0:52:33.760 --> 0:52:37.040
<v Speaker 1>create a halo effect. And I remember, look, Minnesota always

0:52:37.080 --> 0:52:39.720
<v Speaker 1>had a different type of Republican that could win because

0:52:39.760 --> 0:52:41.640
<v Speaker 1>they were a member of the Independent They were I

0:52:41.800 --> 0:52:46.560
<v Speaker 1>are Independent Republican Party of Minnesota. And you had guys

0:52:46.600 --> 0:52:49.920
<v Speaker 1>like Dave Durnberger Rudy Boschwitz that could win in Minnesota

0:52:49.920 --> 0:52:52.320
<v Speaker 1>probably couldn't have won in many other places as a Republican.

0:52:54.200 --> 0:52:58.040
<v Speaker 1>But I think if I I think this would make sense,

0:52:58.320 --> 0:53:01.800
<v Speaker 1>I think it would make a ton of sense. Because again,

0:53:02.760 --> 0:53:05.200
<v Speaker 1>especially if you want to believe all politics is local.

0:53:05.280 --> 0:53:09.160
<v Speaker 1>Unfortunately all politics has become national. But all politics should

0:53:09.160 --> 0:53:11.759
<v Speaker 1>be localized again. And one of the better ways to

0:53:11.840 --> 0:53:14.880
<v Speaker 1>do it is to in some ways be your own brand. Say, look,

0:53:15.120 --> 0:53:20.080
<v Speaker 1>we're affiliating for fundraising purposes with the National Democrats or

0:53:20.120 --> 0:53:24.920
<v Speaker 1>with the National Republicans, but we're kind of an independent organization.

0:53:25.400 --> 0:53:29.560
<v Speaker 1>And you know, now maybe the national parties are you know,

0:53:29.680 --> 0:53:33.919
<v Speaker 1>don't want their state chapters having that kind of independence,

0:53:35.360 --> 0:53:37.600
<v Speaker 1>or maybe it's a way to sort of test splintering

0:53:37.640 --> 0:53:40.719
<v Speaker 1>off and see how it goes on that front. But

0:53:40.800 --> 0:53:45.319
<v Speaker 1>I think it's an absolute worthy experiment. If you're the

0:53:45.360 --> 0:53:49.640
<v Speaker 1>Democratic Party in South Dakota, the Republican Party in Delaware.

0:53:50.640 --> 0:53:56.080
<v Speaker 1>And here's the thing, you can it's a cheap experiment,

0:53:57.440 --> 0:54:00.520
<v Speaker 1>you know, because you can experiment in these smaller states,

0:54:01.080 --> 0:54:05.160
<v Speaker 1>you know, these smaller sort of one party states, and

0:54:05.280 --> 0:54:07.160
<v Speaker 1>see if it does have an impact, See if you're

0:54:07.200 --> 0:54:10.280
<v Speaker 1>able to sort of recruit a different type of candidate.

0:54:10.960 --> 0:54:14.239
<v Speaker 1>Suddenly you might win more local elections. And ultimately, the

0:54:14.280 --> 0:54:17.080
<v Speaker 1>more local elections you win, the more credibility you might

0:54:17.120 --> 0:54:20.040
<v Speaker 1>get in statewide elections. And to me, if you really

0:54:20.080 --> 0:54:21.719
<v Speaker 1>want to grow your state party, the goal is to

0:54:21.760 --> 0:54:24.080
<v Speaker 1>win the governorship. The goal isn't to win Senate seats,

0:54:24.080 --> 0:54:27.320
<v Speaker 1>the goals when once you prove you can win races

0:54:27.360 --> 0:54:31.120
<v Speaker 1>locally in the state legislature and governor, everything else will

0:54:31.120 --> 0:54:34.920
<v Speaker 1>take care of itself in the state. So, Brian, I

0:54:34.960 --> 0:54:38.080
<v Speaker 1>think this is a great idea, and again it's it's

0:54:38.120 --> 0:54:41.440
<v Speaker 1>actually been done before. The Minnesota was sort of the

0:54:41.480 --> 0:54:46.319
<v Speaker 1>prime example in the twentieth century. Both I think now

0:54:46.320 --> 0:54:49.359
<v Speaker 1>they're both have gotten rid of those older names, but

0:54:49.400 --> 0:54:52.640
<v Speaker 1>they were. They had their own distinct brand, and they

0:54:52.680 --> 0:54:57.279
<v Speaker 1>prided themselves. You know, you'd have politicians in Miniicina. No,

0:54:57.360 --> 0:54:59.520
<v Speaker 1>I'm not a Democrat. I'm a member of the Democratic

0:54:59.560 --> 0:55:02.799
<v Speaker 1>farm Land Party and that was a point of pride. No, no, no, no,

0:55:02.800 --> 0:55:04.360
<v Speaker 1>I'm not a National Republican. I'm a member of the

0:55:04.360 --> 0:55:09.800
<v Speaker 1>Independent Republican Party in Minnesota. That branding helped both parties,

0:55:10.680 --> 0:55:13.520
<v Speaker 1>both helped candidates in both parties in that state. And

0:55:14.040 --> 0:55:16.520
<v Speaker 1>Minnesota is no small state, right and they're kind of

0:55:17.000 --> 0:55:19.040
<v Speaker 1>swing ish, you know, it could be a swing state.

0:55:19.080 --> 0:55:22.760
<v Speaker 1>It's not quite there. I think a non Donald Trump

0:55:22.880 --> 0:55:25.600
<v Speaker 1>led Republican Party could make Minnesota a bit more competitive

0:55:27.080 --> 0:55:29.399
<v Speaker 1>and D versus are. For what it's worth, I think

0:55:29.680 --> 0:55:32.719
<v Speaker 1>Trump is just a hard sell in the suburbs of

0:55:32.719 --> 0:55:37.120
<v Speaker 1>Minnesota for people. But anyway, I think it's a again.

0:55:37.200 --> 0:55:39.960
<v Speaker 1>It's been tried and it probably should be tried again.

0:55:40.080 --> 0:55:43.360
<v Speaker 1>Great suggestion, Brian. Next question comes from Jason with a

0:55:43.360 --> 0:55:46.719
<v Speaker 1>w Y from California. Hy Chuck, Hearing your take on

0:55:46.719 --> 0:55:48.400
<v Speaker 1>the two party system and how big these tents can

0:55:48.440 --> 0:55:51.040
<v Speaker 1>get makes me wonder why more small parties are independents

0:55:51.040 --> 0:55:54.480
<v Speaker 1>haven't emerged, You and me both brother huge overlooked reason

0:55:54.520 --> 0:55:56.640
<v Speaker 1>seems to be battle access. Oh yeah, I don't think

0:55:56.680 --> 0:55:58.760
<v Speaker 1>it's an overlooked reason. I think it is the reason.

0:56:00.440 --> 0:56:03.279
<v Speaker 1>But battle access is costly and time consuming, so only

0:56:03.280 --> 0:56:05.760
<v Speaker 1>candidates back by a major party usually make it getting

0:56:05.800 --> 0:56:08.240
<v Speaker 1>on the ballot. We're easier, we'd likely see more options

0:56:08.239 --> 0:56:11.279
<v Speaker 1>and less polarization. It's California. I am weary of a

0:56:11.360 --> 0:56:13.680
<v Speaker 1>race with one hundred plus candidates. Hello, twenty ZHO three

0:56:13.719 --> 0:56:19.520
<v Speaker 1>recall election. Ah, yes, remember we had Gary Coleman, Arianna Huffington.

0:56:22.120 --> 0:56:25.440
<v Speaker 1>I think there was at least one prostitute in that

0:56:25.520 --> 0:56:30.040
<v Speaker 1>race as well. Some might argue that if you're elected official,

0:56:30.080 --> 0:56:33.680
<v Speaker 1>you've already prostituted yourself, but I will leave that there anyway,

0:56:33.760 --> 0:56:36.880
<v Speaker 1>I keep injecting my own commentary into Jason's question. My

0:56:36.920 --> 0:56:40.080
<v Speaker 1>apologies there. Back to Jason's question, But our system right now,

0:56:40.120 --> 0:56:42.439
<v Speaker 1>where parties serve as king makers and create the rules

0:56:42.440 --> 0:56:45.000
<v Speaker 1>that block other parties from gaining access or individuals from

0:56:45.000 --> 0:56:47.360
<v Speaker 1>getting on the ballot, seems like an understated cause for

0:56:47.400 --> 0:56:51.000
<v Speaker 1>increasing polarization. What best practices would use suggest to reform

0:56:51.040 --> 0:56:54.680
<v Speaker 1>battle access and open the field. Thanks Jason from California. Well, look,

0:56:54.719 --> 0:56:57.360
<v Speaker 1>I'd like to try some better legal strategies. I think

0:56:57.480 --> 0:57:03.960
<v Speaker 1>that there's an equal protection argument, and that it is

0:57:04.040 --> 0:57:07.520
<v Speaker 1>if you can't you know the fact that there that

0:57:07.520 --> 0:57:09.759
<v Speaker 1>that a third party doesn't have an equal shot at

0:57:09.800 --> 0:57:14.080
<v Speaker 1>making the ballot as the two major parties doesn't. There's

0:57:14.120 --> 0:57:17.120
<v Speaker 1>no there's no mention of a political party in the Constitution.

0:57:18.400 --> 0:57:25.080
<v Speaker 1>I also think taxpayer funded partisan primaries are likely unconstitutional

0:57:25.160 --> 0:57:30.440
<v Speaker 1>because they they leave out they intentionally leave people out

0:57:30.760 --> 0:57:35.040
<v Speaker 1>from participating unless you're a member of this private club

0:57:35.840 --> 0:57:38.680
<v Speaker 1>known as either the Republican Party or the Democratic Party.

0:57:39.320 --> 0:57:42.840
<v Speaker 1>So I look, I think there are better legal arguments

0:57:42.840 --> 0:57:44.680
<v Speaker 1>to make. But here's here's the problem. Right, you want

0:57:44.720 --> 0:57:47.720
<v Speaker 1>to talk about a system that's rigged. Even the judiciary

0:57:47.800 --> 0:57:50.760
<v Speaker 1>is rigged by the two party system. Why they're all

0:57:51.240 --> 0:57:56.960
<v Speaker 1>appointed by members of the two parties. But I do

0:57:57.040 --> 0:58:03.920
<v Speaker 1>think a high profile effort to make this argument. I

0:58:03.920 --> 0:58:07.480
<v Speaker 1>think banning partisan primaries is probably if you could ask me,

0:58:07.520 --> 0:58:11.520
<v Speaker 1>what's one thing we could do to chip away at

0:58:11.520 --> 0:58:16.640
<v Speaker 1>polarization in America, banning partisan primaries pure and simple, having

0:58:16.680 --> 0:58:17.960
<v Speaker 1>none of it. I mean, I go back to what

0:58:18.040 --> 0:58:23.000
<v Speaker 1>David Holt said. I'm guessing you guys devoured that entire

0:58:23.040 --> 0:58:27.240
<v Speaker 1>episode with the mayor of Oklahoma City. The least polarizing

0:58:28.360 --> 0:58:31.440
<v Speaker 1>executive elected officials in the country are mayors, and it's

0:58:31.480 --> 0:58:34.200
<v Speaker 1>because of how mayors are elected. They're not Most of

0:58:34.240 --> 0:58:36.640
<v Speaker 1>them are not elected in partisan primaries. They're elected in

0:58:36.720 --> 0:58:39.600
<v Speaker 1>all party primaries. They don't run with a party ID

0:58:39.720 --> 0:58:43.000
<v Speaker 1>next to their name. Yes, people know who's liberal or conservative,

0:58:43.240 --> 0:58:44.880
<v Speaker 1>but they don't run with a party ID next to

0:58:44.920 --> 0:58:48.440
<v Speaker 1>their name, and they don't end up governing as polarizing

0:58:48.600 --> 0:58:53.040
<v Speaker 1>as now partisan governors do or partisan presidents. And here

0:58:53.080 --> 0:58:57.960
<v Speaker 1>we are, so partisan primaries is the virus. It's a

0:58:58.000 --> 0:59:01.160
<v Speaker 1>big one, and we need to if we need to.

0:59:01.400 --> 0:59:03.000
<v Speaker 1>It's one of those things. There's a lot of things

0:59:03.000 --> 0:59:05.400
<v Speaker 1>I'd like to do to open up the ballot, but

0:59:05.920 --> 0:59:10.240
<v Speaker 1>you know, in some ways, let's singularly focus on what

0:59:10.320 --> 0:59:15.280
<v Speaker 1>would help in the very very very near term banning

0:59:15.280 --> 0:59:20.520
<v Speaker 1>partisan primaries. So let's start there. Chris k from South

0:59:20.600 --> 0:59:23.600
<v Speaker 1>Carolina Rights, is it un American to feel that control

0:59:23.600 --> 0:59:25.400
<v Speaker 1>of TikTok may be less risky in the hands of

0:59:25.440 --> 0:59:27.360
<v Speaker 1>China than in the hands of a few powerful of a

0:59:27.400 --> 0:59:30.080
<v Speaker 1>few powerful Americans. Eke, I know where you're going here.

0:59:30.280 --> 0:59:33.080
<v Speaker 1>The current risk is unregulated propaganda and data harvesting. Than

0:59:33.120 --> 0:59:35.439
<v Speaker 1>I am not sure Corporate America has made the case

0:59:35.600 --> 0:59:39.240
<v Speaker 1>they would be better actors to Shay to add to

0:59:39.280 --> 0:59:42.880
<v Speaker 1>the turmoil. Fourteen billion dollars sound shady, by the way,

0:59:42.920 --> 0:59:45.920
<v Speaker 1>go hawks, Do we know who is good yet? Maybe?

0:59:46.040 --> 0:59:50.440
<v Speaker 1>Or oh this is a separate question, and he has

0:59:50.480 --> 0:59:52.880
<v Speaker 1>a separate question, do you know who's good ed yet?

0:59:54.000 --> 0:59:57.440
<v Speaker 1>On college football? I'm going to get to college football

0:59:57.480 --> 0:59:58.880
<v Speaker 1>in a minute. So it was a two part question.

0:59:58.920 --> 1:00:01.400
<v Speaker 1>Thank you, Chris. I appreciate it that. But look, the

1:00:01.440 --> 1:00:07.760
<v Speaker 1>TikTok thing, I I don't understand why TikTok's legal Congress

1:00:07.760 --> 1:00:12.960
<v Speaker 1>passed the law and and somehow Donald Trump is going

1:00:13.000 --> 1:00:18.440
<v Speaker 1>to agree to an ownership structure for TikTok. That doesn't

1:00:18.480 --> 1:00:22.720
<v Speaker 1>solve the initial problem, which is China controls the algorithm

1:00:23.000 --> 1:00:27.680
<v Speaker 1>hard stop. China controls the algorithm concentrated. Look, we're now

1:00:27.720 --> 1:00:31.520
<v Speaker 1>going to have the Ellisons owning CBS News, perhaps CNN

1:00:31.840 --> 1:00:36.720
<v Speaker 1>and TikTok. That's a pretty large chunk of the news.

1:00:36.760 --> 1:00:43.520
<v Speaker 1>I mean, the public information systems shouldn't be owned by

1:00:43.560 --> 1:00:48.240
<v Speaker 1>a select few people. And yet the concentration of power

1:00:48.440 --> 1:00:53.520
<v Speaker 1>in our in the in the ownership of platforms, right,

1:00:54.240 --> 1:00:57.080
<v Speaker 1>I mean, look at we talk about independent media. Most

1:00:57.120 --> 1:01:00.960
<v Speaker 1>of us though, are basically on two platforms, Google owned

1:01:01.040 --> 1:01:06.320
<v Speaker 1>YouTube or substack. Right, there's there's not a diversity per

1:01:06.440 --> 1:01:09.800
<v Speaker 1>se of platform there are. You know, we probably need

1:01:09.800 --> 1:01:13.240
<v Speaker 1>to diversify. There's no doubt there is too much monopolizing

1:01:13.400 --> 1:01:19.760
<v Speaker 1>of the distribution system, let alone on the content side.

1:01:19.880 --> 1:01:23.000
<v Speaker 1>We're starting to see consolidation. Uh, and it's quite a

1:01:23.000 --> 1:01:26.160
<v Speaker 1>bit of consolidation on the content side. So I think

1:01:26.200 --> 1:01:29.080
<v Speaker 1>both of them ought to concern us. And with TikTok,

1:01:29.240 --> 1:01:31.880
<v Speaker 1>it is you're right, it's the but I mean, that's

1:01:31.880 --> 1:01:35.600
<v Speaker 1>always what made the It was really frustrating to hear

1:01:35.640 --> 1:01:42.400
<v Speaker 1>many members of Congress correctly point out the propaganda potential

1:01:42.440 --> 1:01:47.440
<v Speaker 1>of TikTok and frankly the propaganda accomplishment of TikTok. Right.

1:01:47.560 --> 1:01:50.080
<v Speaker 1>You know, you know, if you if you somehow point

1:01:50.080 --> 1:01:53.520
<v Speaker 1>out what the Chinese do with the wigers, you know, nobody,

1:01:53.720 --> 1:01:58.320
<v Speaker 1>nobody ever sees that. The fact that it seems to

1:01:59.040 --> 1:02:06.080
<v Speaker 1>the algorithm re wards anti Israel messaging just automatically, no

1:02:06.120 --> 1:02:08.480
<v Speaker 1>matter what it is how do I know this. We

1:02:08.520 --> 1:02:11.920
<v Speaker 1>did our own polling on this where TikTok users between

1:02:11.920 --> 1:02:15.960
<v Speaker 1>eight and eighteen and thirty had a unfavorable rating of

1:02:16.000 --> 1:02:19.200
<v Speaker 1>Israel that was twenty points higher than if you didn't

1:02:19.640 --> 1:02:24.600
<v Speaker 1>regularly use TikTok. So this was already and so I

1:02:24.680 --> 1:02:27.640
<v Speaker 1>think what was so frustrating. Hear you're worried about TikTok,

1:02:27.680 --> 1:02:33.400
<v Speaker 1>but you're doing nothing about X or YouTube or Instagram

1:02:35.280 --> 1:02:38.000
<v Speaker 1>or anything Meta owns, right, And I think that that

1:02:38.240 --> 1:02:43.080
<v Speaker 1>was why there was plenty of TikTok users are going, well, geez,

1:02:43.240 --> 1:02:47.200
<v Speaker 1>I mean Amazon and Google take my data and sell it.

1:02:48.400 --> 1:02:51.560
<v Speaker 1>I'm certainly not crazy about that, But how is that

1:02:51.640 --> 1:02:54.120
<v Speaker 1>any more or less nefarious than what the Chinese government

1:02:54.200 --> 1:02:58.640
<v Speaker 1>is doing? At least that was the user experience. So look,

1:02:58.680 --> 1:03:00.479
<v Speaker 1>I think you bring up a lot of important points.

1:03:00.520 --> 1:03:05.480
<v Speaker 1>But I also think that we've this that this is

1:03:05.520 --> 1:03:08.200
<v Speaker 1>another thing that you have elected Republicans who were the

1:03:08.200 --> 1:03:12.919
<v Speaker 1>biggest drivers of this, who are suddenly looking the other way.

1:03:13.040 --> 1:03:18.400
<v Speaker 1>Even though Donald Trump is literally ignoring the rationale for

1:03:18.560 --> 1:03:21.880
<v Speaker 1>why the TikTok ban was put in in the first place,

1:03:23.080 --> 1:03:25.600
<v Speaker 1>which was control of that algorithm. We still don't know

1:03:25.600 --> 1:03:28.320
<v Speaker 1>anything about it. Then Ellison's are not going to hear

1:03:28.720 --> 1:03:31.600
<v Speaker 1>know anything about it there apparently is just going to

1:03:31.600 --> 1:03:34.640
<v Speaker 1>be the data will be housed here. It's not about

1:03:34.640 --> 1:03:38.400
<v Speaker 1>the data to me, it's about the propaganda and about

1:03:38.400 --> 1:03:41.760
<v Speaker 1>that algorithm and how it's used to dial up or

1:03:41.760 --> 1:03:45.160
<v Speaker 1>dial down what China cares about when it comes to

1:03:45.160 --> 1:03:49.600
<v Speaker 1>public opinion. All right, I'll do one more question h here.

1:03:49.640 --> 1:03:51.200
<v Speaker 1>The next one comes from warn. Hey, I haven't heard

1:03:51.240 --> 1:03:54.160
<v Speaker 1>any status about infrastructure projects that were started before the

1:03:54.160 --> 1:03:56.520
<v Speaker 1>current administration where they defunded as part of BBB or

1:03:56.560 --> 1:03:59.440
<v Speaker 1>are they still in progress? Thank you well, Warren, some

1:03:59.520 --> 1:04:04.000
<v Speaker 1>of them have been sort of interrupted. You know, a

1:04:04.000 --> 1:04:06.240
<v Speaker 1>lot of it. The Biden administration tried to move a

1:04:06.240 --> 1:04:08.720
<v Speaker 1>whole bunch of money out the door before January twentieth,

1:04:09.400 --> 1:04:12.600
<v Speaker 1>but some of it has been cut via the recisions,

1:04:13.120 --> 1:04:16.240
<v Speaker 1>which is arguably a part that has triggered the real

1:04:16.240 --> 1:04:19.640
<v Speaker 1>shutdown showdown between Democrats and Republicans here. So that's one.

1:04:19.960 --> 1:04:24.480
<v Speaker 1>The second is you've had some of the money the

1:04:24.480 --> 1:04:29.040
<v Speaker 1>Trump administration has enough authority over that they've essentially redirected

1:04:29.040 --> 1:04:32.760
<v Speaker 1>it to projects that they would prefer as opposed to

1:04:32.800 --> 1:04:35.640
<v Speaker 1>some of it is, for instance, going to be I

1:04:35.680 --> 1:04:37.640
<v Speaker 1>think some of these projects pushed to building some of

1:04:37.640 --> 1:04:40.040
<v Speaker 1>these data centers and things like that. And then some

1:04:40.120 --> 1:04:45.920
<v Speaker 1>of it is projects that the Trump administration is claiming

1:04:46.160 --> 1:04:49.200
<v Speaker 1>are their ideas and they actually come from what was

1:04:49.240 --> 1:04:53.080
<v Speaker 1>passed by the Biden administration and the Bipartisan Infrastructure Act.

1:04:53.280 --> 1:04:55.560
<v Speaker 1>But for the most part, a lot of particularly the

1:04:55.720 --> 1:04:59.640
<v Speaker 1>energy projects in particular, this is what Russell Voyd's been targeting.

1:04:59.840 --> 1:05:02.840
<v Speaker 1>The This is the goes back to my introduction in

1:05:02.880 --> 1:05:05.800
<v Speaker 1>this in the in the full episode here today, the

1:05:05.880 --> 1:05:11.960
<v Speaker 1>political targeting, you know, using what was legally passed legislation

1:05:12.600 --> 1:05:18.120
<v Speaker 1>and essentially only trying to cut off Democratic funds, I

1:05:18.160 --> 1:05:22.560
<v Speaker 1>guess right. And you know he pulled funding of certain

1:05:23.040 --> 1:05:26.840
<v Speaker 1>clean energy projects from any state that was carried by

1:05:26.880 --> 1:05:30.480
<v Speaker 1>Kamala Harris, sort of ignoring the fact that there were

1:05:30.480 --> 1:05:33.840
<v Speaker 1>a lot of Republicans in those states. You know, more people,

1:05:33.880 --> 1:05:36.680
<v Speaker 1>I think more people voted for Donald Trump in La

1:05:36.760 --> 1:05:40.400
<v Speaker 1>County than I think in all of Idaho or certainly

1:05:40.400 --> 1:05:42.880
<v Speaker 1>all of Wyoming and a few other states like that.

1:05:43.040 --> 1:05:47.800
<v Speaker 1>So it is not very smart how they do this,

1:05:48.480 --> 1:05:51.400
<v Speaker 1>but it is all about getting the headline and owning

1:05:51.440 --> 1:05:55.120
<v Speaker 1>the Libs and feeding the magabase who thinks this kind

1:05:55.120 --> 1:05:59.200
<v Speaker 1>of weaponization of the democracy is somehow healthy and the

1:05:59.240 --> 1:06:01.680
<v Speaker 1>right thing to do is they have convinced themselves that

1:06:01.680 --> 1:06:07.720
<v Speaker 1>the Democrats have governed this way. And again, it's just

1:06:07.800 --> 1:06:11.920
<v Speaker 1>because your feedback loops says they did this doesn't mean

1:06:11.960 --> 1:06:15.760
<v Speaker 1>the facts actually match your feedback loop. But either way,

1:06:16.160 --> 1:06:19.600
<v Speaker 1>if what you think the Biden administration did was wrong,

1:06:20.880 --> 1:06:23.640
<v Speaker 1>why are you cheerleading the same behavior on the right.

1:06:38.840 --> 1:06:45.080
<v Speaker 1>I will pivot to my little rant of the weekend

1:06:45.120 --> 1:06:47.520
<v Speaker 1>in college football. It was sort of a relaxed weekend

1:06:47.600 --> 1:06:51.640
<v Speaker 1>for me personally. Miami Hurricanes were idle. But here's my

1:06:51.680 --> 1:06:55.600
<v Speaker 1>favorite stat of the week. When it comes to college football.

1:06:56.040 --> 1:06:58.720
<v Speaker 1>Nine of the top seventeen teams in the preseason AP

1:06:58.880 --> 1:07:04.000
<v Speaker 1>pole are unranked this week. How about that nine? Essentially

1:07:04.040 --> 1:07:09.040
<v Speaker 1>the more than half of the top seventeen teams. So

1:07:09.440 --> 1:07:11.640
<v Speaker 1>of course your first reaction may be, well, why do

1:07:11.680 --> 1:07:13.640
<v Speaker 1>they bother with a preseason ape pole? Well, if AP

1:07:13.760 --> 1:07:15.160
<v Speaker 1>didn't do it, somebody else would do it, and there'd

1:07:15.200 --> 1:07:18.120
<v Speaker 1>always be somebody trying to do preseason polls. And if

1:07:18.320 --> 1:07:20.400
<v Speaker 1>nobody was doing a shoot, I'd be doing it, right.

1:07:20.440 --> 1:07:21.919
<v Speaker 1>We'd all want to do it. We all think we're

1:07:22.640 --> 1:07:25.360
<v Speaker 1>we all think we're we're we follow this stuff enough.

1:07:25.480 --> 1:07:29.360
<v Speaker 1>By the way, I have a correction from my Thursday podcast,

1:07:30.160 --> 1:07:32.760
<v Speaker 1>courtesy of my son I kept talking about. I said, hey,

1:07:32.760 --> 1:07:35.240
<v Speaker 1>you should make a bet on Justin saying for the heisman.

1:07:35.440 --> 1:07:39.760
<v Speaker 1>And I'm guessing that you couldn't find a Justin saying

1:07:39.840 --> 1:07:42.720
<v Speaker 1>to make a bet on for the heisman because his

1:07:42.800 --> 1:07:45.520
<v Speaker 1>name's Julian. And those of you that knew his name

1:07:45.560 --> 1:07:47.320
<v Speaker 1>was Julian when I was saying it, we're probably going

1:07:47.440 --> 1:07:49.760
<v Speaker 1>you dumb and that or how do you not know

1:07:49.840 --> 1:07:53.760
<v Speaker 1>it's Julian not Justin, etcetera, etcetera. Well, just so you know,

1:07:53.920 --> 1:07:56.120
<v Speaker 1>my son was on the case. So thank you Harrison

1:07:56.960 --> 1:08:00.280
<v Speaker 1>for that correction. I said I would give him for

1:08:00.280 --> 1:08:03.600
<v Speaker 1>that correction. But here's where we are in college football.

1:08:05.280 --> 1:08:09.560
<v Speaker 1>When you have essentially fifty programs spending somewhere between fifteen

1:08:09.600 --> 1:08:13.680
<v Speaker 1>and twenty five million dollars for roster construction, you are

1:08:13.720 --> 1:08:17.639
<v Speaker 1>now professional league right among this top forty, so among

1:08:17.720 --> 1:08:20.679
<v Speaker 1>those sort of seventeen, you know, among the top twenty five.

1:08:20.680 --> 1:08:24.800
<v Speaker 1>Pretty much everybody Indiana spends money on roster construction. Okay,

1:08:24.800 --> 1:08:26.840
<v Speaker 1>maybe they don't spend as much money yet as organ

1:08:27.200 --> 1:08:29.080
<v Speaker 1>or penn state, but they're spending a lot of money.

1:08:29.479 --> 1:08:31.679
<v Speaker 1>I know Miami spends a lot of money. Florida spends

1:08:31.720 --> 1:08:33.280
<v Speaker 1>a lot of money, Clemson spends a lot of You

1:08:33.560 --> 1:08:37.679
<v Speaker 1>get the drift the rules of change, but in some ways,

1:08:37.680 --> 1:08:42.519
<v Speaker 1>everybody's spending. And so the first couple of years, not

1:08:42.600 --> 1:08:45.800
<v Speaker 1>everybody spent, and it allowed your TCUs to sort of

1:08:46.000 --> 1:08:49.559
<v Speaker 1>come from nowhere and jump up right and bite everybody.

1:08:49.560 --> 1:08:54.559
<v Speaker 1>And then they immediately disappeared because suddenly more people, more entities,

1:08:54.600 --> 1:08:57.840
<v Speaker 1>started spending. And now we're sort of almost already at

1:08:57.880 --> 1:09:03.840
<v Speaker 1>a major power or parody in spending. And so what

1:09:03.880 --> 1:09:07.320
<v Speaker 1>that means is just like it's just like the NFL,

1:09:08.720 --> 1:09:12.559
<v Speaker 1>which which is a year to year league, and you know,

1:09:12.600 --> 1:09:16.160
<v Speaker 1>everybody's spending about the same amount of money. It is

1:09:16.240 --> 1:09:19.640
<v Speaker 1>really hard. Yes, you have two or three or four franchises,

1:09:20.080 --> 1:09:24.599
<v Speaker 1>are you know, can can can be in the can

1:09:24.720 --> 1:09:26.800
<v Speaker 1>be in the top tier of the league for four

1:09:26.840 --> 1:09:30.200
<v Speaker 1>or five years at a time. But you're gonna have

1:09:30.280 --> 1:09:33.760
<v Speaker 1>teams go in and go out, and you're also going

1:09:33.840 --> 1:09:37.080
<v Speaker 1>to have sort of chapters to your seasons. Like I

1:09:37.120 --> 1:09:40.000
<v Speaker 1>also think it's a little early for us to assume

1:09:40.080 --> 1:09:43.880
<v Speaker 1>we know that the two lost, two loss teams now

1:09:43.920 --> 1:09:47.479
<v Speaker 1>are terrible and that the undefeated teams now are going

1:09:47.560 --> 1:09:50.360
<v Speaker 1>to be the ones that make the playoff. Right, You

1:09:50.439 --> 1:09:52.439
<v Speaker 1>now have a situation where you're gonna have ebbs and

1:09:52.479 --> 1:09:55.360
<v Speaker 1>flows right and one, and you can you know, teams

1:09:55.400 --> 1:09:57.600
<v Speaker 1>may lose. Look, Florida State's lost three in a row.

1:09:57.680 --> 1:10:01.080
<v Speaker 1>Penn States lost three in a row. U I didn't

1:10:01.120 --> 1:10:03.080
<v Speaker 1>see it coming with Florida State, by the way, that

1:10:03.120 --> 1:10:05.360
<v Speaker 1>has not been very popular in my household, as some

1:10:05.400 --> 1:10:09.280
<v Speaker 1>of you may be aware. But they also certainly had

1:10:09.320 --> 1:10:13.280
<v Speaker 1>some holes in their roster construction, and nobody should have

1:10:13.360 --> 1:10:15.880
<v Speaker 1>expected them to go from a two and ten season

1:10:16.160 --> 1:10:19.040
<v Speaker 1>to playoff contention right away. But they pull an early upset,

1:10:19.080 --> 1:10:22.080
<v Speaker 1>and so everybody sort of got over enthused, kind of

1:10:22.080 --> 1:10:24.760
<v Speaker 1>like you know what happens to a two and o team.

1:10:24.800 --> 1:10:26.760
<v Speaker 1>You're like, oh, wow, like last year the New Land

1:10:26.800 --> 1:10:31.080
<v Speaker 1>Saints for two and oh they suddenly were terrible. Right, So,

1:10:32.680 --> 1:10:34.840
<v Speaker 1>just like in the NFL, you don't know who's good early.

1:10:35.160 --> 1:10:38.400
<v Speaker 1>Are the Chargers a good team or not? I'm not sure.

1:10:38.439 --> 1:10:40.720
<v Speaker 1>They almost lost to the Dolphins today. They did lose

1:10:40.800 --> 1:10:43.240
<v Speaker 1>last week, but they started off too, and oh and

1:10:43.280 --> 1:10:46.160
<v Speaker 1>looked amazing. My Packers looked amazing the first two weeks.

1:10:46.520 --> 1:10:49.200
<v Speaker 1>Then they lost a game to Cleveland tie Dallas. We'll

1:10:49.200 --> 1:10:52.240
<v Speaker 1>find out how they do the rest of the season.

1:10:52.760 --> 1:10:57.479
<v Speaker 1>So I do think that college football now is going

1:10:57.520 --> 1:11:00.240
<v Speaker 1>to look more and more like the NFL. There's there's

1:11:00.280 --> 1:11:03.920
<v Speaker 1>more parody. So you're going to have a year where

1:11:04.040 --> 1:11:07.360
<v Speaker 1>a couple of years where in Indiana is contending, and

1:11:07.400 --> 1:11:10.120
<v Speaker 1>then they may, you know, fall short on their ability

1:11:10.200 --> 1:11:13.240
<v Speaker 1>to find the right defensive lineman and offensive linemen they

1:11:13.280 --> 1:11:17.080
<v Speaker 1>need to sort of keep in the top tier, and

1:11:17.120 --> 1:11:19.160
<v Speaker 1>so they may slip back. Right, That's what happened to

1:11:19.240 --> 1:11:21.880
<v Speaker 1>Florida State, That's what's happened in to a Clemson. You know,

1:11:22.120 --> 1:11:24.679
<v Speaker 1>I've got to sort of prepare for that with Miami.

1:11:24.760 --> 1:11:27.000
<v Speaker 1>And I think this idea that you can expect your

1:11:27.000 --> 1:11:31.040
<v Speaker 1>team in college football to win ten games or more five, six,

1:11:31.080 --> 1:11:35.000
<v Speaker 1>seven years in a row is totally unrealistic because nobody

1:11:35.080 --> 1:11:38.759
<v Speaker 1>has depth anymore. Right, Georgia and Alabama, Miami and it's heyday,

1:11:39.320 --> 1:11:42.960
<v Speaker 1>they could stock bile talent. The greatest college football team

1:11:43.000 --> 1:11:44.760
<v Speaker 1>of all time might be the two thousand and one

1:11:44.800 --> 1:11:47.960
<v Speaker 1>Miami Hurricane National championship team. I say, might I accept

1:11:48.360 --> 1:11:52.479
<v Speaker 1>the twenty nineteen LSU team as a contender for that spot. Right,

1:11:53.400 --> 1:11:56.439
<v Speaker 1>Miami had a third string running back named Frank Gore

1:11:56.479 --> 1:11:59.600
<v Speaker 1>on that team. Right. The first string running back was

1:12:00.160 --> 1:12:02.880
<v Speaker 1>and Portous, His backup was a guy named Willis mcgahey,

1:12:03.680 --> 1:12:05.760
<v Speaker 1>and the third string one was Frank Gore, who's going

1:12:05.800 --> 1:12:07.559
<v Speaker 1>to be in the NFL Hall of Fame. So the

1:12:07.600 --> 1:12:10.959
<v Speaker 1>point is is that in this day and age of nil,

1:12:11.320 --> 1:12:14.360
<v Speaker 1>Frank Gore doesn't stick at Miami for two years waiting

1:12:14.360 --> 1:12:18.840
<v Speaker 1>his turn. He's probably in another roster. And I think

1:12:18.920 --> 1:12:22.559
<v Speaker 1>that's what you're going to see with college football, and

1:12:22.600 --> 1:12:27.559
<v Speaker 1>that's probably why we're seeing where because you cannot you know,

1:12:27.680 --> 1:12:30.920
<v Speaker 1>you don't have the depth, and it's really now a

1:12:30.960 --> 1:12:34.240
<v Speaker 1>war of attrition. The teams that can stay the healthiest

1:12:34.320 --> 1:12:36.120
<v Speaker 1>or the ones that are going to be there and

1:12:36.160 --> 1:12:39.080
<v Speaker 1>the teams that sort of end up with some injuries

1:12:39.200 --> 1:12:43.040
<v Speaker 1>or bad luck or the wrong you know, turns out

1:12:43.120 --> 1:12:45.840
<v Speaker 1>somebody just wasn't as good of a quarterback as they

1:12:45.880 --> 1:12:47.800
<v Speaker 1>thought they were going to be, or wasn't as good

1:12:47.840 --> 1:12:49.519
<v Speaker 1>of a receiver as you thought they were going to be.

1:12:51.120 --> 1:12:54.040
<v Speaker 1>There goes your season because there isn't a guy waiting

1:12:54.040 --> 1:12:57.200
<v Speaker 1>in the wings that you could just tap into, and

1:12:57.240 --> 1:12:59.960
<v Speaker 1>I think in some ways that's what we should be realized.

1:13:00.000 --> 1:13:03.800
<v Speaker 1>Thing is that college now that college football has been professionalized,

1:13:04.160 --> 1:13:08.080
<v Speaker 1>it's going to resemble the quirks of the NFL. And

1:13:08.120 --> 1:13:11.240
<v Speaker 1>in many ways I would argue that college football in

1:13:11.320 --> 1:13:14.360
<v Speaker 1>the sort of the top forty programs looks a heck

1:13:14.400 --> 1:13:17.160
<v Speaker 1>of a lot like the NFL, more like the NFL

1:13:17.439 --> 1:13:21.080
<v Speaker 1>than it does what college football look like even six, seven,

1:13:22.000 --> 1:13:27.799
<v Speaker 1>eight years ago. As for who's good, I think everybody

1:13:27.880 --> 1:13:30.040
<v Speaker 1>agrees that Ohio State and Miami seem to be good.

1:13:30.040 --> 1:13:34.599
<v Speaker 1>They look good statistically, and they've looked good on the field.

1:13:35.920 --> 1:13:37.880
<v Speaker 1>I could make an argument if I really, if I

1:13:38.000 --> 1:13:40.040
<v Speaker 1>really want, I don't want Miami to be ranked number one.

1:13:40.360 --> 1:13:42.640
<v Speaker 1>I don't like the statistic that's out there already that

1:13:42.680 --> 1:13:46.200
<v Speaker 1>says Miami is the best chance of finishing undefeated. Look,

1:13:46.360 --> 1:13:49.639
<v Speaker 1>I am well aware. You know, despite what the SEC thinks,

1:13:50.360 --> 1:13:54.120
<v Speaker 1>everybody's conference road games are hard. It's not just in

1:13:54.200 --> 1:13:58.240
<v Speaker 1>the SEC conference. Road games mean more in every conference

1:13:58.880 --> 1:14:02.439
<v Speaker 1>and they're very difficult. And Miami has only had to

1:14:02.479 --> 1:14:05.799
<v Speaker 1>play one road game so far. So I am fully

1:14:06.080 --> 1:14:10.040
<v Speaker 1>on upset alert for the rest of the season. If

1:14:10.040 --> 1:14:12.080
<v Speaker 1>we can just get through the season with one loss,

1:14:12.560 --> 1:14:15.719
<v Speaker 1>we'll be fine, thankfully. That's how the college football playoff

1:14:15.760 --> 1:14:18.440
<v Speaker 1>system has now made it where you don't have to

1:14:18.479 --> 1:14:21.000
<v Speaker 1>be perfect if you're not a member of the SEC

1:14:22.600 --> 1:14:24.559
<v Speaker 1>like you were even when we were in our top four, right,

1:14:24.560 --> 1:14:27.680
<v Speaker 1>and sometimes perfection only doesn't work if you lose your

1:14:27.680 --> 1:14:32.439
<v Speaker 1>starting quarterback, as Florida State found out. Because the ESPN

1:14:32.479 --> 1:14:36.080
<v Speaker 1>Invitational is just that, it is an invitational, and even

1:14:36.080 --> 1:14:40.000
<v Speaker 1>at twelve teams, it's still an invitational. And clearly what

1:14:40.040 --> 1:14:43.599
<v Speaker 1>the matchups are, etc. Are going to have the networks

1:14:43.600 --> 1:14:47.559
<v Speaker 1>are going to have to say on all that. But

1:14:47.600 --> 1:14:51.040
<v Speaker 1>I think we know this much. We know how State's good,

1:14:51.080 --> 1:14:54.559
<v Speaker 1>we know Miami's good. Is Indiana in that top three

1:14:54.640 --> 1:14:58.040
<v Speaker 1>or not? Right, you start doing the you know, I

1:14:58.040 --> 1:15:00.800
<v Speaker 1>think Indiana has looked impressive. I think they do. I

1:15:00.840 --> 1:15:02.360
<v Speaker 1>think they're part of it. But if you want a

1:15:02.439 --> 1:15:05.320
<v Speaker 1>question Indiana by saying, well, Oregon beat a Penn State

1:15:05.360 --> 1:15:08.599
<v Speaker 1>team that turned out to be terrible, are they terrible?

1:15:08.720 --> 1:15:12.280
<v Speaker 1>Are they just missing Tyler Warren? I do think that's

1:15:12.320 --> 1:15:15.280
<v Speaker 1>something we have to realize, right Tyler Warren was so

1:15:15.560 --> 1:15:21.160
<v Speaker 1>good at Penn State, and without him there, it's it

1:15:21.240 --> 1:15:24.120
<v Speaker 1>is set Drew allerback. Obviously, now he's injured, so he's

1:15:24.160 --> 1:15:26.040
<v Speaker 1>totally set back for the season. But even before he

1:15:26.080 --> 1:15:29.639
<v Speaker 1>got injured, he didn't look like the same quarterback. Tyler.

1:15:29.680 --> 1:15:35.200
<v Speaker 1>Warren made every made that team, made that offense incredibly

1:15:35.240 --> 1:15:38.760
<v Speaker 1>hard to stop. He was a unicorn. How good is

1:15:38.800 --> 1:15:41.920
<v Speaker 1>he He's turned He's helped turn the Indianapolis Colts into

1:15:42.560 --> 1:15:45.519
<v Speaker 1>a top tier NFL team this year. So clearly they

1:15:45.560 --> 1:15:49.120
<v Speaker 1>miss him and miss him a lot. But I think

1:15:49.160 --> 1:15:50.720
<v Speaker 1>those are the you know, you look at those three

1:15:50.720 --> 1:15:53.160
<v Speaker 1>teams and then after that, oh Miss almost lost to

1:15:53.240 --> 1:15:56.519
<v Speaker 1>Washington State, a group of five teams. You know, I

1:15:56.520 --> 1:15:59.080
<v Speaker 1>guess they're still you can say they're they're still technically

1:15:59.160 --> 1:16:02.559
<v Speaker 1>member of the two right now. But this is a

1:16:02.560 --> 1:16:05.479
<v Speaker 1>team that has just been devastated by the portal. Right

1:16:05.520 --> 1:16:08.120
<v Speaker 1>They've lost their last two starting quarterbacks, Scamboard to Miami,

1:16:08.200 --> 1:16:12.080
<v Speaker 1>John Mitteer to Oklahoma, and they lost their coaching staff.

1:16:12.160 --> 1:16:15.000
<v Speaker 1>They're they're they're great offensive coordinator to Oklahoma as well

1:16:15.080 --> 1:16:18.280
<v Speaker 1>with matir Uh And yet they went into Oxford and

1:16:18.360 --> 1:16:22.200
<v Speaker 1>almost beat Ole Miss. I guess The good news is,

1:16:22.240 --> 1:16:25.679
<v Speaker 1>if you're a long time Lane Kiffin watcher, you could

1:16:25.840 --> 1:16:30.519
<v Speaker 1>argue the way I argue so far with Mario, which is, hey, uh,

1:16:30.840 --> 1:16:34.200
<v Speaker 1>Lane Kiffin blows that game two years ago. At least

1:16:34.200 --> 1:16:37.920
<v Speaker 1>he didn't blow it this time. And that's kind of

1:16:37.960 --> 1:16:39.320
<v Speaker 1>the way I look at it. I still think Old

1:16:39.320 --> 1:16:41.479
<v Speaker 1>Miss is going to be there at the end. And

1:16:41.520 --> 1:16:43.120
<v Speaker 1>I think text A and M is the best team

1:16:43.120 --> 1:16:45.760
<v Speaker 1>in the SEC. And I think they're better than Ole

1:16:45.840 --> 1:16:48.320
<v Speaker 1>Miss by a by a little bit more than than

1:16:48.560 --> 1:16:52.599
<v Speaker 1>than the than the rankings indicate Alabama is certainly vulnerable.

1:16:52.720 --> 1:16:56.800
<v Speaker 1>They're not. They're not, and and limp, can I just

1:16:56.880 --> 1:17:00.640
<v Speaker 1>say this, Georgia only won because of the official in

1:17:00.680 --> 1:17:05.120
<v Speaker 1>that Auburn dorga game that was an atrociously officiated game.

1:17:05.960 --> 1:17:12.120
<v Speaker 1>And you know, normally, normally most games where fans complain

1:17:12.160 --> 1:17:16.400
<v Speaker 1>about the officiating, myself included, you know, you're only seeing

1:17:16.920 --> 1:17:20.320
<v Speaker 1>the calls that go against you. You're not really processing

1:17:20.360 --> 1:17:22.280
<v Speaker 1>the calls that go for you or the calls that

1:17:22.320 --> 1:17:25.439
<v Speaker 1>go against the opponent. You don't really sort of have

1:17:25.560 --> 1:17:27.960
<v Speaker 1>the same emotional and I do think it's sort of like,

1:17:28.600 --> 1:17:31.439
<v Speaker 1>you know, those that judge officiating as fans are like

1:17:31.920 --> 1:17:35.559
<v Speaker 1>partisans trying to claim they can identify media bias. Right,

1:17:35.880 --> 1:17:38.840
<v Speaker 1>no partisan. I always laugh at people that accuse me

1:17:38.880 --> 1:17:42.320
<v Speaker 1>of bias. It's always somebody from the from hard left

1:17:42.400 --> 1:17:44.080
<v Speaker 1>or hard right, And I'm like, how do you guys

1:17:44.080 --> 1:17:47.280
<v Speaker 1>know what bias looks like? Right? You're upset if people

1:17:47.280 --> 1:17:50.760
<v Speaker 1>aren't biased in your direction. That's what you view as

1:17:50.840 --> 1:17:54.880
<v Speaker 1>political bias. Like those that clown show that the Bozell

1:17:55.000 --> 1:17:57.800
<v Speaker 1>family that has turned into a family grift. It's some

1:17:57.880 --> 1:18:02.120
<v Speaker 1>sort of grifting business that that thing in the entire

1:18:02.160 --> 1:18:05.719
<v Speaker 1>Bozell family makes money off of this off this group

1:18:05.800 --> 1:18:09.760
<v Speaker 1>that claims there's there's somehow left wing bias hidden everywhere

1:18:09.800 --> 1:18:13.880
<v Speaker 1>in America, and a whole bunch of right wingers like

1:18:14.000 --> 1:18:18.320
<v Speaker 1>Bozell who thought Nixon didn't commit crimes. The old Man

1:18:18.560 --> 1:18:23.800
<v Speaker 1>is somehow an arbiter of neutrality. Anyway. I'm not saying

1:18:23.840 --> 1:18:27.360
<v Speaker 1>there's not biased in different places. I'm saying the Bozells

1:18:27.640 --> 1:18:31.120
<v Speaker 1>don't have the qualifications to identify it. And it's that

1:18:31.160 --> 1:18:33.720
<v Speaker 1>way with many fans. We don't have the qualifications to

1:18:33.880 --> 1:18:37.360
<v Speaker 1>identify I didn't really have a I didn't really have

1:18:37.400 --> 1:18:40.320
<v Speaker 1>a rooting interest in Georgia Auburn. I've got a lot

1:18:40.360 --> 1:18:42.080
<v Speaker 1>of in laws that are Auburn fans, so I want

1:18:42.200 --> 1:18:44.479
<v Speaker 1>to see Auburn do well. But I hate Hugh Freeze.

1:18:44.520 --> 1:18:47.599
<v Speaker 1>I don't like that guy, I'll admit, so I struggle

1:18:47.680 --> 1:18:50.600
<v Speaker 1>with you know, with my with my in laws on that.

1:18:50.680 --> 1:18:53.080
<v Speaker 1>I'm like, yeah, okay, but why Hugh Freeze. But you

1:18:53.120 --> 1:18:57.479
<v Speaker 1>know what, ask any Auburn fan and they sort of like, yeah,

1:18:57.520 --> 1:19:02.040
<v Speaker 1>you Freeze. They're not they they know it, right, But

1:19:02.640 --> 1:19:05.680
<v Speaker 1>those were just some terrible calls, and I, you know,

1:19:06.600 --> 1:19:10.559
<v Speaker 1>Georgia gets I certainly hope the following isn't happening that

1:19:10.680 --> 1:19:13.960
<v Speaker 1>somehow SEC officials because this is not a great year

1:19:13.960 --> 1:19:18.000
<v Speaker 1>for the SEC. It doesn't appear they have four or

1:19:18.000 --> 1:19:20.519
<v Speaker 1>five great teams ap peers. They might have one great

1:19:20.520 --> 1:19:22.600
<v Speaker 1>team in Texas A and M, and a couple of

1:19:22.640 --> 1:19:24.840
<v Speaker 1>good teams. No different than the Big Ten, no different

1:19:24.880 --> 1:19:27.280
<v Speaker 1>than the ACC, no different than the Big twelve. They

1:19:27.320 --> 1:19:29.880
<v Speaker 1>just look like another conference this year. They don't look

1:19:30.000 --> 1:19:35.400
<v Speaker 1>like the SEC. Right, But how badly does the SEC

1:19:35.439 --> 1:19:38.479
<v Speaker 1>want to protect its big brands? Right? Are Alabama and

1:19:38.520 --> 1:19:40.719
<v Speaker 1>Georgia going to continue to get calls for the rest

1:19:40.720 --> 1:19:44.280
<v Speaker 1>of the year like this? You know, and is Texas

1:19:44.320 --> 1:19:46.920
<v Speaker 1>and Oklahoma sort of in that same category where those

1:19:46.960 --> 1:19:49.760
<v Speaker 1>teams will get calls more likely, right, Oklahoma got it

1:19:49.800 --> 1:19:52.320
<v Speaker 1>against Auburn. Now Auburn, you know, didn't get a call

1:19:52.360 --> 1:19:56.880
<v Speaker 1>against Georgia. I hesitate to see how the refereeing looks

1:19:56.880 --> 1:20:00.840
<v Speaker 1>when Auburn has to play Alabama. But my good, the

1:20:00.880 --> 1:20:04.439
<v Speaker 1>refs decided that game when they didn't award that touchdown

1:20:04.479 --> 1:20:06.640
<v Speaker 1>to Jackson Arnold and they gave it a turnover that

1:20:07.439 --> 1:20:10.280
<v Speaker 1>it flipped the game completely. Instead of seventeen to nothing

1:20:10.720 --> 1:20:13.720
<v Speaker 1>at halftime, it was ten to three. And that was

1:20:13.760 --> 1:20:20.880
<v Speaker 1>a massive, massive swing. By what was again, I mean

1:20:21.479 --> 1:20:25.880
<v Speaker 1>you break the plane period, right it is? And by

1:20:25.920 --> 1:20:30.160
<v Speaker 1>the way, guys, in this day and age, can we

1:20:30.280 --> 1:20:34.320
<v Speaker 1>please create some sort of new barrier right where and

1:20:35.920 --> 1:20:38.800
<v Speaker 1>a chip in the ball so that the second it

1:20:38.840 --> 1:20:42.280
<v Speaker 1>crosses that goal line, you know right that, you know it,

1:20:42.360 --> 1:20:45.000
<v Speaker 1>you see it. You can't tell me we don't have

1:20:45.000 --> 1:20:49.360
<v Speaker 1>the technology to be able to do that rather than

1:20:49.439 --> 1:20:51.360
<v Speaker 1>having all of these days, because here's the other thing

1:20:51.400 --> 1:20:54.800
<v Speaker 1>you have is that not every every NFL game has

1:20:54.840 --> 1:20:57.519
<v Speaker 1>every camera angle that you would want for replay, but

1:20:57.600 --> 1:21:00.400
<v Speaker 1>not every college game has that. The big time college

1:21:00.439 --> 1:21:03.479
<v Speaker 1>games right that are gonna get covered in primetime by

1:21:03.479 --> 1:21:06.840
<v Speaker 1>your Fox, your NBC, your your NBC, and your Fox

1:21:06.880 --> 1:21:11.120
<v Speaker 1>at CBS and ESPN. They there's about six or seven

1:21:11.160 --> 1:21:15.400
<v Speaker 1>games that'll have seventeen eighteen different cameras, but most of

1:21:15.439 --> 1:21:17.720
<v Speaker 1>the other games don't have that many cameras because the

1:21:17.720 --> 1:21:19.960
<v Speaker 1>networks are wanting to spend that kind of money for

1:21:20.960 --> 1:21:23.559
<v Speaker 1>what might be a streaming game, or what might be

1:21:23.560 --> 1:21:26.280
<v Speaker 1>an ESPN two or CBO Sports Network or if this

1:21:26.400 --> 1:21:30.960
<v Speaker 1>one peacock you get it right. So, like I was

1:21:31.000 --> 1:21:33.519
<v Speaker 1>watching the Florida State pit game. They didn't have a

1:21:33.520 --> 1:21:38.120
<v Speaker 1>camera angle right down the goal line, so they couldn't

1:21:38.160 --> 1:21:40.320
<v Speaker 1>tell for sure. They did a review of a touchdown

1:21:40.360 --> 1:21:43.000
<v Speaker 1>that I'm pretty sure was a touchdown, but they didn't.

1:21:43.240 --> 1:21:46.799
<v Speaker 1>It's because they didn't have a camera angle to dispute

1:21:46.840 --> 1:21:51.960
<v Speaker 1>it even if you wanted to dispute it. That seems like, look,

1:21:51.960 --> 1:21:55.120
<v Speaker 1>if you're gonna do replay and we have the ability,

1:21:55.200 --> 1:21:59.320
<v Speaker 1>my god, we can put GoPros everywhere. Now. This is

1:21:59.400 --> 1:22:02.680
<v Speaker 1>not a high cost the way it even was just

1:22:02.720 --> 1:22:05.479
<v Speaker 1>five or six years ago. If you do care about

1:22:05.520 --> 1:22:07.160
<v Speaker 1>the outcomes of these games and you want to make

1:22:07.160 --> 1:22:09.680
<v Speaker 1>sure we always get it right. Let's make sure we

1:22:09.720 --> 1:22:12.559
<v Speaker 1>have all the equipment at all the games that are

1:22:12.600 --> 1:22:16.479
<v Speaker 1>getting televised and that are going to use replay. You

1:22:16.560 --> 1:22:19.800
<v Speaker 1>can't just sort of be glad that, oh well, hey,

1:22:20.160 --> 1:22:22.120
<v Speaker 1>because believe it or not, I don't know if we

1:22:22.120 --> 1:22:25.519
<v Speaker 1>would have had that camera angle that Georgia Auburn had

1:22:26.240 --> 1:22:29.479
<v Speaker 1>which showed Arnold the ball crossing the goal line before

1:22:29.520 --> 1:22:32.040
<v Speaker 1>it was punched out. I don't know if you would

1:22:32.040 --> 1:22:34.639
<v Speaker 1>have had that at the U. Mass Can't State game.

1:22:35.120 --> 1:22:38.760
<v Speaker 1>Then again, maybe we didn't need any replay officials for

1:22:38.800 --> 1:22:41.600
<v Speaker 1>the U. Mass can Stake game. All right, there's my

1:22:41.640 --> 1:22:44.479
<v Speaker 1>college football rant for the week. So there you go.

1:22:44.560 --> 1:22:46.920
<v Speaker 1>Appreciate it, Appreciate you here. I hope you enjoy If

1:22:46.960 --> 1:22:48.880
<v Speaker 1>you have a holiday today, I hope you're enjoying it.

1:22:48.920 --> 1:22:52.320
<v Speaker 1>For those that are nervous about getting their paycheck due

1:22:52.320 --> 1:22:56.200
<v Speaker 1>to the government shutdown, I'm sorry. I hope this podcast

1:22:56.840 --> 1:22:59.360
<v Speaker 1>and the attention that we give to it serves as

1:22:59.400 --> 1:23:02.200
<v Speaker 1>at least something that can be done there and maybe

1:23:02.280 --> 1:23:06.400
<v Speaker 1>at worst or at best, my podcast is a distraction

1:23:06.520 --> 1:23:08.599
<v Speaker 1>for the day. So with that, thank you for listening,

1:23:08.680 --> 1:23:10.800
<v Speaker 1>Thank you for liking and subscribing. Thank you for all

1:23:10.840 --> 1:23:13.679
<v Speaker 1>those five star reviews hint, and with that, I'll see

1:23:13.680 --> 1:23:14.479
<v Speaker 1>you in forty eight hours.