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Speaker 1: Hey, guys, ready or not, twenty twenty four is here,

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Speaker 1: and we here at Breaking Points, are already thinking of

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Speaker 1: ways we can up our game for this critical election.

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Speaker 2: We rely on our premium subs to expand coverage, upgrade

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Speaker 2: the studio ad staff give you, guys, the best independent.

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Speaker 3: Coverage that is possible.

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

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Speaker 2: the absolute world to have your support.

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Speaker 3: But enough with that, let's get to the show. All right,

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Speaker 3: good morning, and welcome to Counterpoints Emily. We've got a

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Speaker 3: little bit of housekeeping to start out with, right.

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Speaker 4: Yeah, that's right. So we have some exciting new updates.

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Speaker 4: Just make sure to stay tuned to your inbox because

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Speaker 4: those are going to be hitting your inbox next week.

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Speaker 4: Some new updates on the future Breaking Points, exciting stuff

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Speaker 4: coming down the pipeline. So again, just make sure you

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Speaker 4: stay tuned to your inbox and pay attention to the

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Speaker 4: show next week, and will.

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Speaker 3: Won't be in your inbox if you don't go to

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Speaker 3: Breakingpoints dot com and subscribe to this show on the

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Speaker 3: previeing version.

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Speaker 5: That's all.

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Speaker 3: We presume that all of you are doing that, because

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Speaker 3: why on earth would you not be doing that. We've

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Speaker 3: got some exciting election developments from last night. Angela also

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Speaker 3: Brooks upset David Trone, the owner of Total Wine, who

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Speaker 3: spent at least sixty million dollars to lose the Democratic

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Speaker 3: primary for Maryland Senate. Money is not worthless. Though APAC

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Speaker 3: did manage to defeat the Capitol Cop Harry Dunn incredible.

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Speaker 3: Like so, Democratic voters were faced with a choice of

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Speaker 3: do we go with APAK or do we go with

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Speaker 3: the capitol cop who fended off the January sixth insurrection

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Speaker 3: in Baltimore, Annapolis's area. They went with APAK.

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Speaker 5: You have to choose between MSNBC.

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Speaker 3: And APAC, except, of course APAC didn't say, like do

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Speaker 3: you support genocide. If you support genocide, vote for Sarah Elfreth.

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Speaker 3: They just did a bunch of attack ads and you know,

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Speaker 3: spent millions of dollars supporting her.

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Speaker 4: So those were primaries that were held last night. And

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Speaker 4: we have a great guest coming up, by the way,

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Speaker 4: on the Friday version of this show, Beto O'Rourke is

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Speaker 4: going to be on with us talking about immigration and

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Speaker 4: the border.

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Speaker 5: We're very excited about that.

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Speaker 4: Tuned again that hits your inbox if you're a premium

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Speaker 4: subscriber Thursday nights. Otherwise for everyone else, it's out on

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Speaker 4: Friday mornings. Breakingpoints dot Com again though, if you want

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Speaker 4: to be premium, Beto.

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Speaker 3: Verus Emily on the border and immigration and me just

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Speaker 3: chiming and saying, why don't we just have completely open borders?

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Speaker 5: Just three white people talking about the border.

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Speaker 3: A bunch of irishmen.

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Speaker 4: Yes, yes, Actually, actually my grandmother's made name is McGrath,

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Speaker 4: so I think I kind of qualified.

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Speaker 3: Yeah, we're all we're all allowed to participate in this conversation.

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Speaker 5: Then perfect.

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Speaker 4: Well, we're going to start today on Today's show with

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Speaker 4: the economic news, because there's been a lot this week

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Speaker 4: between Biden's tariff announcement and actually Jerome Powell was giving

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Speaker 4: remarks yesterday about inflation and man, just some more depressing

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Speaker 4: news on the economy. That's where we're going to start today.

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Speaker 4: We're going to then move to Donald Trump's trial in

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Speaker 4: New York, where a flock of Republicans, a literal flock

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Speaker 4: of Republicans, came to offer their support. We have some

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Speaker 4: soundbites from Vivek grama spot.

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Speaker 3: Looking for the jury at launch to try to just

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Speaker 3: intimidate them into what I don't understand what's going on.

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Speaker 3: It's like a West criminal trials, but we don't usually

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Speaker 3: prosecute the former president, so it's not going to be normal.

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Speaker 4: U n C University of North Carolina is refunneling all

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Speaker 4: of its money from DEI into safety public staff. Onions headline,

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Speaker 4: not an onion headline, but Ryan actually some interesting thoughts

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Speaker 4: on that. We have Bill bur versus Bill Maher and

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Speaker 4: then Ryan, we have some really we have a very

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Speaker 4: interesting guest that you have set us up with here.

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Speaker 3: Yeah, and they talked about this on the program yesterday,

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Speaker 3: but I reported on Monday that upwards of twenty medical staff,

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Speaker 3: you American medical staff, are currently stranded in Gaza because

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Speaker 3: Israel has closed the Rafa border crossing. They're running low

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Speaker 3: on water, some of them are on an IV drip.

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Speaker 3: There's massive dehydration, vomiting, diarrhea. And these are the American

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Speaker 3: medical professionals, which tells you just how brutal the conditions

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Speaker 3: must be for the general Palstingans who've been there for

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Speaker 3: months facing these conditions. And so we're gonna be joined

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Speaker 3: by nurse who lives in Oregons from Canada, but she's

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Speaker 3: currently in Gaza unable to get out Monica Johnston if

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Speaker 3: her Internet holds up and if the situation allows for

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Speaker 3: the interview, we'll be talking with her later in the program.

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Speaker 3: We spoke to her yesterday to get a sense of

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Speaker 3: what the conditions are and it's just utterly harrowing from

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Speaker 3: start to finish. Yeah.

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Speaker 4: Absolutely, And then you have a monologue that you're going

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Speaker 4: to be talking about.

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Speaker 5: More APEX stuff.

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Speaker 3: Yeah, we uncovered some kind of secret a pac money

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Speaker 3: flowing into the Portland, Oregon primary. We're going to unpack

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Speaker 3: how they managed to do that and why they wouldn't

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Speaker 3: just spend and say, hey, we are apac heros roar.

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Speaker 4: It's basically an episode of portlanda so stationed for that.

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Speaker 3: That's right, all right.

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Speaker 4: So let's start today with the FED, because Jerome Powell

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Speaker 4: was in Amsterdam yesterday at the Foreign Bankers Association's Annual meetings.

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Speaker 4: Were annual meeting where he commented on the future of

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Speaker 4: interest rates.

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Speaker 5: Let's take a look at what Jerome Powell.

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Speaker 3: Said question of.

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Speaker 6: Restrictive policy or as I mentioned, our policy is the

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Speaker 6: highest it's been in quite some time.

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Speaker 3: The rate is at five and quarter to five and

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Speaker 3: a half percent.

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Speaker 6: Is high relative to recent history, so we think that

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Speaker 6: it's probably a matter of just staying at that stance

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Speaker 6: for longer.

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Speaker 4: Okay, so let's put this next element up on the screen.

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Speaker 4: This is from the New York Times. This is a

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Speaker 4: headline fed holds rate study noting lack of progress on infation.

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Speaker 4: The Federal Reserve left interest rates unchanged for a six

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Speaker 4: straight meeting and suggested that rates would stay high for longer.

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Speaker 4: Now again, a couple weeks later, on May fourteenth, just yesterday,

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Speaker 4: Jerome Powell. You could hear the frustration in his voice,

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Speaker 4: well to the extent that you can pick up on

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Speaker 4: any sort of emotional connotation from what Jerome Powell was

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Speaker 4: talking about.

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Speaker 5: Ryan, you could hear it. But yeah, it was pretty interesting.

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Speaker 4: He was on this panel to glean from what he

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Speaker 4: was saying, that frustration that they have.

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Speaker 5: Did you catch the rest of us remarks there, Yeah, And.

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Speaker 3: He was saying, look, earlier in the year, we were

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Speaker 3: hopeful that we were going to be able to cut

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Speaker 3: rates before the end of the year. They maybe we

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Speaker 3: still will, He's still leaving open that possibility. But then

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Speaker 3: there were some economic indicators in the beginning part of

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Speaker 3: the year that showed running a little bit hotter than

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Speaker 3: they wanted to, and so they're keeping it at this rate.

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Speaker 3: He also said, look, when people hear that inflation is

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Speaker 3: coming down, they respond by saying, yeah, but prices are

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Speaker 3: still way too high. And he said that is what

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Speaker 3: is guiding them. And the White House is going to

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Speaker 3: hear that and be deeply frustrated because they want to

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Speaker 3: see a rate cut that gets the economy kicking again.

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Speaker 3: You've finally started to see a slowing of the economy.

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Speaker 3: But so much of this is using a tool that

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Speaker 3: was developed when the US had a different economy, a

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Speaker 3: more manufacturing based economy, and now so much of our

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Speaker 3: kind of frozen economy is related to real estate and

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Speaker 3: rent that it's really, in some ways the wrong tool.

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Speaker 3: JP Morgan, their top analyst, was arguing recently that keeping inflation,

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Speaker 3: keeping interest rates high at this point is actually driving

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Speaker 3: up prices and curious for your take on this. And

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Speaker 3: everybody has a take on this because everybody, everybody interacts

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Speaker 3: with the economy. Everybody's either a renter or a homeowner,

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Speaker 3: so everybody understands all of the different phenomena that we're

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Speaker 3: dealing with. But what he argues is that so many

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Speaker 3: people refinance their homes during homeowners finance their homes during COVID,

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Speaker 3: and now they're locked in these two point seven or

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Speaker 3: three percent interest rates, so they don't want to move,

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Speaker 3: so nobody's selling their homes. That means all of these

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Speaker 3: people are renting who would rather, who do have the

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Speaker 3: ability to buy, but can't because nobody's selling. So that's

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Speaker 3: pushing up rent prices. It's also holding housing prices artificially

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Speaker 3: high as a result. He's saying, if interest rates come down,

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Speaker 3: all of a sudden, you unlock the supply of housing,

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Speaker 3: and all these people who were waiting to sell are

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Speaker 3: all going to start to sell. Now there's an alternative

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Speaker 3: argument that says, well, there are so many people who

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Speaker 3: want to buy. What you would do is that you

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Speaker 3: would unlock demand and you would drive prices even further up.

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Speaker 3: So nobody actually really knows what would happen. Nobody knows

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Speaker 3: do you have more kind of pent up folks who

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Speaker 3: want to sell their homes or do you have more

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Speaker 3: pent up renters who want to burst into the housing market.

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Speaker 3: And the answer to that question would then decide whether

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Speaker 3: or not housing prices go up or down, and if

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Speaker 3: housing prices go down, rent goes down, inflation goes inflation

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Speaker 3: goes down. So that is the thing that is really

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Speaker 3: keeping these prices high at this point.

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Speaker 4: Another quote from Powell yesterday, he says, is inflation going

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Speaker 4: to be more persistent going forward? I don't think we

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Speaker 4: know that yet. I think we need more than a

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Speaker 4: quarter's worth of data to really make a judgment on that.

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Speaker 4: So not good news if you're one of like saying Ryan,

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Speaker 4: I mean, people are experiencing the economy differently. But if

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Speaker 4: you're somebody who's looking for interest rates to go down

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Speaker 4: for different reasons, many different reasons, that's really not what

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Speaker 4: you wanted to hear. It's definitely not what the Pie

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Speaker 4: administration wanted to hear on that point. But that's where

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Speaker 4: Jerome Powell is right now. And you know it's he said,

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Speaker 4: I don't know if you caught this part. I just

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Speaker 4: barely caught this.

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Speaker 5: I almost missed it.

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Speaker 4: He said something like, you know, we know this is

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Speaker 4: hitting people in different in like lower income brackets harder,

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Speaker 4: and they're looking for relief. And that's front of mine

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Speaker 4: something that of course it's not just people, but it

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Speaker 4: is disproportionately being felt The New York Times.

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Speaker 3: Had a good now that you're talking about the like

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Speaker 3: huge surgeon prices from twenty twenty to over the next

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Speaker 3: couple of years, right, that really has sapped their spending.

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Speaker 4: Power inflation, right, yeah, basically, And it's just I mean

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Speaker 4: the New York Times had a story on that this week,

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Speaker 4: basically how you're feeling it differently if you are in

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Speaker 4: a low income bracket, but all around, I mean, it's

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Speaker 4: just bad news for everyone all around, basically, right.

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Speaker 3: Because yes, everything is just everything is much more expensive

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Speaker 3: than it was a couple of years ago, all your

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Speaker 3: basic expenses. Yeah, so by the time now, it used

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Speaker 3: to be like you're scraping to get to the end

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Speaker 3: of the month. Now it's like halfway through the month,

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Speaker 3: you're like, oh God.

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Speaker 4: And like you said, it's a different economy. So I mean,

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Speaker 4: I think about all of the people graduating right now.

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Speaker 4: I mean it's may everyone graduating right now going into

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Speaker 4: the workforce and trying to start a life and own

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Speaker 4: a home. I mean, it just feels so completely unattainable.

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Speaker 4: And that's going to trickle into other areas of our

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Speaker 4: politics that aren't just economic. Obviously, it's going to express

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Speaker 4: itself in all kinds of different angsts and well founded

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Speaker 4: angst because it sucks.

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Speaker 3: Yeah, and a fascinating and difficult to actually measure. Part

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Speaker 3: of this has been the immigration surge. And we're going

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Speaker 3: to talk about this with Beto later on the Friday Show.

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Speaker 3: But you know, there was this massive labor shortage and

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Speaker 3: then you had this big surge of immigration. You're still

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Speaker 3: seeing wages going up even relative to inflation. Yeah, but

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Speaker 3: there's I think there are reasonable signs to say that

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Speaker 3: at some levels the wage growth has slowed. But a

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Speaker 3: lot of the inflation during the pandemic was related to

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Speaker 3: the labor shortage. Supply chains were broken, restaurants were charging

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Speaker 3: a lot more because like it couldn't get people to

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Speaker 3: come to work, Like there is an inflationary impact of

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Speaker 3: not having enough workers. So in some ways, if you

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Speaker 3: immigration grows the entire economy.

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Speaker 5: Well, he talked about that yesterday.

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Speaker 4: Too, Yes, yes, exactly, he actually mentioned yeah, right, he

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Speaker 4: actually mentioned like the influx of new work migrants, which

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Speaker 4: we probably disagree on that and we're going to get

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Speaker 4: to that in our conversation.

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Speaker 3: Question is whether they're productive economically, and a lot of

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Speaker 3: them are young, a lot of them are working age.

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Speaker 3: A lot of them are here to work. A lot

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Speaker 3: of them came here because they saw the stories of

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Speaker 3: high wages and labor shortages.

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Speaker 4: The other big half of the economic news this week

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Speaker 4: actually was the Biden administration announcing these pretty significant new tariffs.

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Speaker 5: And we can put this tear sheet up.

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Speaker 4: This is a three from the Associated Press on the

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Speaker 4: tariff hikes that Biden has implemented. He gave a speech

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Speaker 4: at the White House earlier this week making the announcement

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Speaker 4: start traded some.

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Speaker 5: Shots back and forth with Donald Trump.

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Speaker 4: Let's first start with what Biden said when he announced

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Speaker 4: these tariffs in the Rose Garden earlier this week.

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Speaker 1: That's why to day, I'm announcing new tariffs and key

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Speaker 1: sectors of the economy that are ensured that our workers

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Speaker 1: are not held back by unfair trade practices. They clude saying,

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Speaker 1: I'm announcing today twenty five percent tariff on Chinese steel

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Speaker 1: aluminum products, and we'll counter China's over capacity in these industries.

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Speaker 1: And we're making major investments in clean American steel loom,

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Speaker 1: clean American steel allumin It's a big deal clean because

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Speaker 1: of the way we manufactured here. It's half as much

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Speaker 1: carbon as steel made in China. Last month, my administration

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Speaker 1: announced the largest investment in clean manufacturing in all of history,

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Speaker 1: up to one point five billion dollars and six clean

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Speaker 1: steel projects across in America, creating supporting thousands, thousands of

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Speaker 1: union jobs. Next one hundred percent TARIF and electric vehicles

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Speaker 1: made in China. People say wow, because we're not going

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Speaker 1: to let China flood our market making it impossible for

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Speaker 1: American model manufacturers to compete fairly. We're also implementing their

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Speaker 1: twenty five percent tarifying electric vehicle batteries from China and

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Speaker 1: twenty five percent tarifund critical minerals that make those batteries. Folks, look,

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Speaker 1: I'm determined that the future of electric vehicles will be

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Speaker 1: made in America by union workers period.

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Speaker 3: Trump said today, China is getting our LUNs.

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Speaker 5: What are you saying, responts?

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Speaker 3: He said, China is eating our luks. That's what Trump

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Speaker 3: said today.

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Speaker 1: We've been being in a long time.

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Speaker 3: If you didn't catch that, said Johnald Trump has said

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Speaker 3: that China is eating our launch. Yeah, and Biden said

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Speaker 3: He's been feeding them for a long time.

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Speaker 5: Been feeding them for a long time.

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Speaker 3: And Trump makes us all dumber for having watched the

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Speaker 3: back and forth.

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Speaker 5: So true. Trump said that outside.

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Speaker 4: I think it was outside the courtroom earlier this week,

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Speaker 4: he said, transmitting her lunch to that, Biden says, well,

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Speaker 4: he's been feeding them for a long time, which is

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Speaker 4: it's kind of hilarious coming from Joe Biden. But these

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Speaker 4: are the tariffs on electric vehicles, as Biden mentioned, semiconductors,

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Speaker 4: lithium ion batteries, all kinds of stuff, syringes, needles, yeah,

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Speaker 4: solar components, all kinds of stuff.

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Speaker 5: And the tariff on the EV's.

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Speaker 4: I'm curious what you think about this, Ryan, This is

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Speaker 4: like one hundred percent tariff.

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Speaker 5: I think I think he hiked it from twenty five

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Speaker 5: to one hundred.

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Speaker 4: Yeah, it's one hundred percent increase in the tariff that

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Speaker 4: was up from actually like twenty seven percent. And this

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Speaker 4: is all happening under section three on one of the

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Speaker 4: trade backs of mid seventies piece of legislation. Pretty bold

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Speaker 4: decision from Joe Biden.

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Speaker 3: Those are rookie numbers though, on those evs. One hundred percent.

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Speaker 3: If China is producing evs that can sell for like

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Speaker 3: eleven to twelve thousand dollars, ye, that's what people are

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Speaker 3: saying about these and saying that these are nice little cars.

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Speaker 3: You're going to have to do more than one hundred

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Speaker 3: percent at eleven thousand dollars to make the American industry competitive.

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Speaker 3: So I probably have a pretty heterodox view on this.

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Speaker 3: I would say that we need serious protection of our

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Speaker 3: domestic solar, EV, clean and clean energy manufacturing industry. If

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Speaker 3: we are serious about having an industrial base, if we

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Speaker 3: want to be a country that makes things, we're going

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Speaker 3: to have to do this. But I think we shouldn't

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Speaker 3: do it in the sense of a war with China.

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Speaker 3: I think China should be congratulated like good job, Like

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Speaker 3: you guys are leading the world when it comes to

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Speaker 3: EV production, when it comes to clean energy production. But

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Speaker 3: but are.

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Speaker 4: They leading the world by cheating via labor? I don't

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Speaker 4: mean cheating in terms of like the labor.

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Speaker 3: But yeah, uh, you know, we have trade deals. Let's inspect,

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Speaker 3: inspect the labor conditions.

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Speaker 5: Uh.

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Speaker 3: You know. Obviously, the reason that American companies outsourced to

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Speaker 3: China over the last you know, thirty years was because

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Speaker 3: labor costs are much lower.

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Speaker 5: A lot of businesses.

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Speaker 4: The reason that we now need these tariffs because, for example,

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Speaker 4: like they would say this to you, I'm playing devil's

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Speaker 4: advocate here actually, Like you're the guy who wants all

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Speaker 4: of our plants to be unionized, and that's why we

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Speaker 4: now need this tariff.

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Speaker 3: The end also protectionism. Yeah, go ahead, I'll protect them. Yeah,

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Speaker 3: it's gonna Look, I do want our workers to be

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Speaker 3: paid a living wage, yeah, and I want China's workers

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Speaker 3: to be paid a living wage too. And China has

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Speaker 3: done far more, frankly, to raise wages for their own

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Speaker 3: workers than we have over the last thirty years. You know,

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Speaker 3: they lifted like eight hundred million people. They had a

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Speaker 3: slit lower they had, Yeah, they had a lot more

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Speaker 3: room to grow, but it's been a miraculous rate of

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Speaker 3: economic growth. Like you can say, whatevery one about the

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Speaker 3: human rights condition and so on, although I think it's

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Speaker 3: that's exaggerated to some degree by like just our general

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Speaker 3: perspective on things. Though of course there's you know, there's

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Speaker 3: merit to some of the claims. But South America needs

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Speaker 3: EVS needs the products of a clean energy, you know,

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Speaker 3: manufacturing base that China has. Africa needs it, Europe needs it,

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Speaker 3: Russian needs it, Japan needs it. Like there's plenty of

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Speaker 3: people China can sell to go ahead, sell to the

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Speaker 3: rest of the world, and let's protect our industry and

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Speaker 3: see if we can build one. It might be the

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Speaker 3: case that we can't, that the United States of America

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Speaker 3: just doesn't know how to do industrialization anymore, like that

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Speaker 3: we just can't. Like the Inflation Reduction Act put like

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Speaker 3: fifteen billion dollars into like basically subsidizing solar production. It

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Speaker 3: was supposed to launch. Four plants were supposed to launch

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Speaker 3: so far. I think one of them said, you know what,

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Speaker 3: we're actually not launching it all. The other three are

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Speaker 3: kind of on ice. And all of those it's because

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Speaker 3: generally because the cheaper imports can't be competed with by

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Speaker 3: American production at this point, so you're you're in a

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Speaker 3: chicken and egg thing, like that's the that's the situation.

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Speaker 3: And if that's the current situation, we will never catch

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Speaker 3: up because these plants will all fail or they won't

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Speaker 3: even get off the ground, like they'll they'll just gobble

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Speaker 3: up a bunch of subsidies and then they'll do a

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Speaker 3: ribbon cutting and then they won't actually open the factory,

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Speaker 3: like which is what happened with at least one of these.

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Speaker 3: It might happen with all four. So if you want

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Speaker 3: to compete, you just have to basically just keep it out.

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Speaker 3: Did you see Jared and one hundred percent might not

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Speaker 3: even do it?

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Speaker 5: Did you see Jared Paulus's reaction?

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Speaker 3: No, what did he say?

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Speaker 5: They flipped out on Biden?

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Speaker 3: Basically he's a neoliberal like this, this is this cuts

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Speaker 3: their core right.

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Speaker 5: And yeah, exactly like that. It has been.

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Speaker 4: I mean, it has been a neoliberal freak out kind

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Speaker 4: of across the board. But when we look back, for example,

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Speaker 4: on BTO and we look back on NAFTA, and we

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Speaker 4: look back at the industrialization basically, and a lot of people,

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Speaker 4: even on the neoliberal side, we'll look back and say,

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Speaker 4: you know, we didn't do enough in the transition period

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Speaker 4: to help American workers and you know they were going

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Speaker 4: to lose these jobs anyway, or the economy was going

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Speaker 4: to change anyway, but we should have had some more

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Speaker 4: cushion to literally cushion the blow from the changing economy. Well,

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Speaker 4: the economy is changing again right now and in this direction,

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Speaker 4: and I actually kind of see these as like part

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Speaker 4: of the transition and if it's going to happen, if

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Speaker 4: it's inevitable, we should make the transition to the extent

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Speaker 4: that we can, you know, reindustrialize. That's great. I'm skeptical

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Speaker 4: of that, and I wish it were true. I hope

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Speaker 4: that it's true. I hope that I'm wrong. But to

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Speaker 4: the extent that we can give American workers something to

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Speaker 4: hold on to in a transition process, I think that's

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Speaker 4: what these do. But you know the Quirky World Socialist website, Yeah,

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Speaker 4: what are the trot Skuts.

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Speaker 3: Yeah, they're like, they're like they're recro sectarians who like

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Speaker 3: show up at every strike. Basically, if if WS whatever

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Speaker 3: it is is not funded by the bosses themselves, like

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Speaker 3: they then the boss they're getting a free ride.

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Speaker 4: So they had an interesting take on the tariffs, which

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Speaker 4: is basically that in lieu.

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Speaker 3: Of I'm on whatever, I'm on the opposite side of

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Speaker 3: it where it so let me, I want to hear

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Speaker 3: where these guys are.

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Speaker 5: Yeah, this one I'm bringing out curious.

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Speaker 4: So they had this this really interesting take where they

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Speaker 4: were like, instead of actually cracking down on the financialization

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Speaker 4: of the economy, this is just kind of a life raft.

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Speaker 5: To the robber barons.

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Speaker 3: Okay, yeah, okay, when when when they make like the

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Speaker 3: broad sweeping left wing arguments. Okay, that's fine, Yeah, I

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Speaker 3: mean yeah, it is sort of like nationalized Wall Street.

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Speaker 4: So but meantime it's Biden like pasture of the camera

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Speaker 4: about union workers blah blah blah.

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Speaker 5: But at the mean, like in the meanwhile, this is.

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Speaker 3: Not do industrialization, and you're also not going to be

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Speaker 3: the center of financial power and trying to compete with

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Speaker 3: us militarily. Then and then what what what are we doing?

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Speaker 3: Especially when China owns like half our farms.

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Speaker 4: Well, that's the any thing with like syringes and needle tariffs,

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Speaker 4: I mean, this is should be some common sense stuff.

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Speaker 3: Yes, and should we should be able to make syringes, yes, needles, yeah, yes,

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Speaker 3: it's that that that like the fact that we can't

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Speaker 3: produce those basic things should scare us. It should have

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Speaker 3: been should lead to some radical trade policy.

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Speaker 4: And I actually think it's funny that most of the

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Speaker 4: headlines have been on Chinese evs have been on semiconductors,

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Speaker 4: when to me that's some of the biggest news is

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Speaker 4: that like Biden, actually that's a really really again anathma

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Speaker 4: in the circles that Joe Biden runs in, but like

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Speaker 4: a really obvious policy move that is a huge deal,

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Speaker 4: a huge deal and will create jobs here.

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Speaker 3: Yeah, and I don't know if we can do it, Like,

439
00:21:53,359 --> 00:21:56,119
Speaker 3: I don't know if the US has the ability to

440
00:21:56,240 --> 00:22:00,199
Speaker 3: see through an actual industrial policy, Like does Trump come

441
00:22:00,200 --> 00:22:04,000
Speaker 3: in and reverse these because they are Biden's tariff policies

442
00:22:04,040 --> 00:22:07,000
Speaker 3: And even though you know, nobody loves tariffs more than Trump,

443
00:22:07,480 --> 00:22:09,040
Speaker 3: but now if now, if they're Biden's, does he get

444
00:22:09,119 --> 00:22:11,000
Speaker 3: rid of them? Like, I just don't know if we

445
00:22:11,040 --> 00:22:14,200
Speaker 3: have a system that's you know, functionally capable of competing

446
00:22:14,200 --> 00:22:14,840
Speaker 3: with China's.

447
00:22:15,119 --> 00:22:17,080
Speaker 5: This is the last thought that we have here.

448
00:22:17,119 --> 00:22:21,480
Speaker 4: Let's roll a five, because Biden basically opposed these tariffs

449
00:22:21,520 --> 00:22:24,119
Speaker 4: when Donald Trump was doing with them, and then in

450
00:22:24,160 --> 00:22:27,399
Speaker 4: a very like direct way, I mean, basically replicated what

451
00:22:27,440 --> 00:22:28,200
Speaker 4: Donald Trump did.

452
00:22:28,280 --> 00:22:28,960
Speaker 5: Let's take a look.

453
00:22:29,040 --> 00:22:30,920
Speaker 7: I know that these new tariffs are seen as more

454
00:22:30,920 --> 00:22:33,960
Speaker 7: targeted and strategic that the administration has chosen to keep

455
00:22:34,000 --> 00:22:36,200
Speaker 7: in place those Trump Ara tariffs on some three hundred

456
00:22:36,200 --> 00:22:38,800
Speaker 7: billion dollars worth of goods which Biden himself had signed

457
00:22:38,800 --> 00:22:42,920
Speaker 7: in twenty nineteen that Americans are paying. So why make

458
00:22:42,960 --> 00:22:44,760
Speaker 7: that decision to keep it in place? And aren't you

459
00:22:44,800 --> 00:22:47,439
Speaker 7: concerned that it's going to keep prices elevated.

460
00:22:47,920 --> 00:22:50,280
Speaker 8: So first of all, let me say a couple of things.

461
00:22:50,320 --> 00:22:53,960
Speaker 8: In terms of the price that Americans paid for in

462
00:22:54,040 --> 00:22:56,720
Speaker 8: the previous era, some of that, maybe a lot of

463
00:22:56,760 --> 00:23:01,240
Speaker 8: it was about the chaos and unpredictability it created and

464
00:23:01,320 --> 00:23:03,760
Speaker 8: the escalation that resulted.

465
00:23:04,160 --> 00:23:04,280
Speaker 2: Right.

466
00:23:04,720 --> 00:23:08,960
Speaker 8: Secondly, I think what I'm a trade lawyer by training,

467
00:23:09,080 --> 00:23:12,160
Speaker 8: and at USTR we are deep into the technical issues.

468
00:23:12,840 --> 00:23:16,119
Speaker 8: The Section three OHO one based review that we undertook

469
00:23:16,359 --> 00:23:18,960
Speaker 8: required us to look at a couple questions. One of

470
00:23:18,960 --> 00:23:23,000
Speaker 8: them was the effect of the practices on our economy,

471
00:23:23,240 --> 00:23:26,160
Speaker 8: and there you have our response, which is a targeted,

472
00:23:26,200 --> 00:23:29,679
Speaker 8: strategic response that is meant to work together with the

473
00:23:29,720 --> 00:23:32,680
Speaker 8: investments that we're making. The other aspect that we had

474
00:23:32,720 --> 00:23:36,520
Speaker 8: to look at was the effect of the tariffs on

475
00:23:36,720 --> 00:23:40,720
Speaker 8: changing China's behavior with respect to the IPR abuses and

476
00:23:40,760 --> 00:23:44,080
Speaker 8: the force tech transfer. There the findings in my report,

477
00:23:44,119 --> 00:23:47,560
Speaker 8: which you can find on the USTR website right here,

478
00:23:47,760 --> 00:23:51,280
Speaker 8: it's a serious report, is that not only have we

479
00:23:51,359 --> 00:23:55,520
Speaker 8: not seen the problematic practices subside in some areas, we

480
00:23:55,600 --> 00:23:59,440
Speaker 8: have seen them get worse. And in that light, there

481
00:23:59,520 --> 00:24:03,399
Speaker 8: is actually no reason for us and no justification to

482
00:24:04,119 --> 00:24:07,720
Speaker 8: relieving the tariff burdens on the trade with Beijing.

483
00:24:07,960 --> 00:24:10,639
Speaker 3: It's a funny logic. There's and what she's saying there.

484
00:24:10,560 --> 00:24:16,919
Speaker 4: Catherine tis good who's great on trade, Like she's if

485
00:24:17,040 --> 00:24:20,400
Speaker 4: either party could get somebody like Trump generals great.

486
00:24:20,760 --> 00:24:25,480
Speaker 3: Yeah, there was this review that tested, okay, it is

487
00:24:25,560 --> 00:24:28,800
Speaker 3: China basically gaming the system by saying, like, okay, you're

488
00:24:28,840 --> 00:24:32,440
Speaker 3: not allowed to have a concentrated industry in a particular field,

489
00:24:32,480 --> 00:24:37,280
Speaker 3: solar panels all in one country, So are they forcing

490
00:24:37,359 --> 00:24:41,000
Speaker 3: transfer of property to like Malaysia and Vietnam and other places.

491
00:24:41,680 --> 00:24:44,160
Speaker 3: But it's actually just paperwork and it's fake and it's

492
00:24:44,320 --> 00:24:49,480
Speaker 3: all actually a Chinese controlled supply chain. And the resulting

493
00:24:49,520 --> 00:24:52,399
Speaker 3: review was like, yeah, they're busted like that, that is

494
00:24:52,480 --> 00:24:55,160
Speaker 3: actually what they're doing. Then she says, so we put

495
00:24:55,200 --> 00:24:57,800
Speaker 3: these tariffs on as a result of this legal process,

496
00:24:58,480 --> 00:25:02,880
Speaker 3: but their behavior didn't change, And then she says, therefore

497
00:25:02,920 --> 00:25:08,040
Speaker 3: we need to continue the tariffs because their behavior didn't change,

498
00:25:08,320 --> 00:25:10,639
Speaker 3: which is kind of a funny logic because on the

499
00:25:10,640 --> 00:25:12,240
Speaker 3: other hand, you don't I guess you don't want to say, well,

500
00:25:12,359 --> 00:25:14,760
Speaker 3: you've got to punish you, and you didn't change your behavior.

501
00:25:14,800 --> 00:25:16,639
Speaker 3: So we're not going to punish you anymore. Like that

502
00:25:16,680 --> 00:25:19,120
Speaker 3: also doesn't work. But the point is we don't really

503
00:25:19,160 --> 00:25:23,800
Speaker 3: have a policy lever that can play here because China

504
00:25:23,920 --> 00:25:29,360
Speaker 3: is extraordinarily powerful and effective, you know, economic giant astride

505
00:25:29,400 --> 00:25:32,320
Speaker 3: this planet right now. It just is. So what we

506
00:25:32,400 --> 00:25:36,080
Speaker 3: have to do is we have to boost our own manufacturing.

507
00:25:36,119 --> 00:25:38,040
Speaker 3: We have to compete with them. Like the idea that

508
00:25:38,080 --> 00:25:41,840
Speaker 3: we're going to be able to significantly change their behavior

509
00:25:42,520 --> 00:25:44,720
Speaker 3: I think is a relic of a of a soul

510
00:25:44,800 --> 00:25:48,760
Speaker 3: superpower period that we just have to get over well.

511
00:25:48,800 --> 00:25:51,080
Speaker 4: And the idea that the American free marketers are going

512
00:25:51,119 --> 00:25:54,520
Speaker 4: to take care of our need for syringes right and needles.

513
00:25:54,160 --> 00:25:56,240
Speaker 3: Exactly, And so we can What we can do is

514
00:25:56,280 --> 00:26:00,520
Speaker 3: we can protect our own industrial domestic con to me, like,

515
00:26:00,560 --> 00:26:04,000
Speaker 3: we can do that, we can connect with that, we

516
00:26:04,040 --> 00:26:07,480
Speaker 3: can try to build plants. But we're not really going

517
00:26:07,520 --> 00:26:09,600
Speaker 3: to tell China what to do anymore. Even if they

518
00:26:09,600 --> 00:26:12,360
Speaker 3: are breaking the rules, yeah, I mean, which they are,

519
00:26:12,480 --> 00:26:15,520
Speaker 3: Like they were doing paperwork stuff to try to cover

520
00:26:15,600 --> 00:26:18,359
Speaker 3: for the fact that they were dominating the market. But

521
00:26:19,359 --> 00:26:22,439
Speaker 3: our answer has to be to actually push back and

522
00:26:22,600 --> 00:26:25,520
Speaker 3: produce things that we can sell to the American people

523
00:26:25,560 --> 00:26:26,320
Speaker 3: and around the world.

524
00:26:26,560 --> 00:26:29,600
Speaker 4: So, Ryan, just as we're wrapping this segment, do you

525
00:26:29,640 --> 00:26:31,440
Speaker 4: see this as I know that you don't actually the

526
00:26:31,560 --> 00:26:34,959
Speaker 4: leading question, but the neoliberals thing one two punch basically

527
00:26:35,040 --> 00:26:38,080
Speaker 4: in the economy this week tough news for people all

528
00:26:38,080 --> 00:26:44,560
Speaker 4: around between Powell and the tariffs. How should people be

529
00:26:44,600 --> 00:26:46,720
Speaker 4: feeling about the economy right now after this time?

530
00:26:46,760 --> 00:26:49,200
Speaker 3: I mean, well, the stock market said that they're very

531
00:26:49,200 --> 00:26:52,040
Speaker 3: excited about the fact that Powell is not going to

532
00:26:52,160 --> 00:26:58,040
Speaker 3: raise rates. The recent jobs report at unemployment under four percent. Again,

533
00:26:59,040 --> 00:27:01,520
Speaker 3: wage growth was still at two point eight percent, which

534
00:27:01,520 --> 00:27:06,520
Speaker 3: is slightly above inflation. So if wages are growing faster

535
00:27:06,560 --> 00:27:11,440
Speaker 3: than inflation, and there are plentiful jobs and union density

536
00:27:11,480 --> 00:27:15,840
Speaker 3: is growing and militancy is strong in general, that is

537
00:27:15,880 --> 00:27:16,360
Speaker 3: a good thing.

538
00:27:16,720 --> 00:27:19,560
Speaker 5: Jobs potentially coming back there, you go, all.

539
00:27:19,480 --> 00:27:22,840
Speaker 3: Right, I mean, long way to go. The pandemic, you know,

540
00:27:23,440 --> 00:27:26,920
Speaker 3: ripped through the economy in a brutal way. That that

541
00:27:27,000 --> 00:27:30,320
Speaker 3: we're still recovering from the inflation of twenty one in

542
00:27:30,359 --> 00:27:33,600
Speaker 3: twenty two, but less so than anywhere else in the world.

543
00:27:33,800 --> 00:27:35,880
Speaker 3: Like you look at our like you know, I covered Pakistan,

544
00:27:35,920 --> 00:27:40,280
Speaker 3: they're still sitting at like seventy percent inflation incredible. So

545
00:27:40,480 --> 00:27:42,960
Speaker 3: to have single digits for two years was painful for people,

546
00:27:44,080 --> 00:27:46,960
Speaker 3: but relative to the rest of the world, we're still

547
00:27:46,960 --> 00:27:49,760
Speaker 3: out competing them, believe it or not. Notwithstanding what I

548
00:27:49,760 --> 00:27:52,320
Speaker 3: just said about China's productive capacity.

549
00:27:51,960 --> 00:27:54,280
Speaker 4: And interest rates, still I think it's the highest in

550
00:27:54,320 --> 00:28:00,760
Speaker 4: twenty three years. Still sticking to that spot. Speaking of

551
00:28:00,800 --> 00:28:05,440
Speaker 4: Donald Trump, we have some footage from outside the courtroom

552
00:28:05,680 --> 00:28:09,200
Speaker 4: and the so called hush money Alvin Bragg trial in

553
00:28:09,280 --> 00:28:13,440
Speaker 4: New York where Republicans have devised a strategy of basically

554
00:28:13,520 --> 00:28:16,520
Speaker 4: flooding the zone going up to New York. I'm sure

555
00:28:16,560 --> 00:28:19,720
Speaker 4: it's great for fundraising on their end and speaking out

556
00:28:19,840 --> 00:28:24,119
Speaker 4: on behalf of their beliegered leader. Let's roll this clip

557
00:28:24,359 --> 00:28:28,240
Speaker 4: of Mike Johnson and Vivek Ramaswami in New York yesterday.

558
00:28:28,240 --> 00:28:29,880
Speaker 5: They were also accompanied.

559
00:28:29,280 --> 00:28:32,800
Speaker 4: By Doug Bergham, all kinds of different people.

560
00:28:32,880 --> 00:28:35,880
Speaker 5: I think Byron Donald was there. Let's take a.

561
00:28:35,840 --> 00:28:38,760
Speaker 9: Look, buddy, anybody here in the press, anybody at home,

562
00:28:38,800 --> 00:28:42,640
Speaker 9: anybody in MSNBC or the media afterwards, to clearly state

563
00:28:43,640 --> 00:28:47,120
Speaker 9: what exactly is the crime that Donald Trump committed.

564
00:28:48,080 --> 00:28:50,720
Speaker 10: I'll wait, we have not heard a good answer to

565
00:28:50,800 --> 00:28:53,840
Speaker 10: that question. It has been vague until today.

566
00:28:54,360 --> 00:28:57,640
Speaker 9: You heard Michael Cohen's testimony.

567
00:28:56,560 --> 00:28:59,200
Speaker 10: After which I would say, it is less clear than

568
00:28:59,240 --> 00:29:03,800
Speaker 10: ever what that crime actually was. They'll say, falsifying business records. Well,

569
00:29:03,840 --> 00:29:06,600
Speaker 10: let's look at who do we learn falsified business records today?

570
00:29:06,760 --> 00:29:09,480
Speaker 10: Get what hour two hours felt like, because it's seven

571
00:29:09,480 --> 00:29:14,200
Speaker 10: hours of Michael Cohen talking about how he falsified business records. Okay,

572
00:29:14,240 --> 00:29:16,640
Speaker 10: so you have a guy who has been a perjurer

573
00:29:16,680 --> 00:29:19,520
Speaker 10: in the past that is now saying he falsified business records.

574
00:29:19,800 --> 00:29:22,200
Speaker 10: What is the crime that Donald Trump committed? Now it

575
00:29:22,240 --> 00:29:24,360
Speaker 10: appears to be what they might allege is some sort

576
00:29:24,360 --> 00:29:27,320
Speaker 10: of bookkeeping error or whatever. The real bookkeeping that we

577
00:29:27,320 --> 00:29:31,480
Speaker 10: need accounting of is Judge Merchant's own family member collecting

578
00:29:31,680 --> 00:29:36,040
Speaker 10: millions of dollars as a democratic operative, using the existence

579
00:29:36,120 --> 00:29:39,280
Speaker 10: of this trial as a fundraising employ for Democrats. This

580
00:29:39,320 --> 00:29:41,800
Speaker 10: is unconscroonable. Imagine if the same shoot fit the other foot.

581
00:29:42,360 --> 00:29:45,240
Speaker 11: I'm an attorney, I'm a former litigator myself. I am

582
00:29:45,280 --> 00:29:48,440
Speaker 11: disgusted by what is happening here. What is being done

583
00:29:48,440 --> 00:29:52,320
Speaker 11: here to our entire system of justice overall? The people

584
00:29:52,320 --> 00:29:55,920
Speaker 11: are losing faith right now in this country, in our institutions.

585
00:29:56,200 --> 00:29:59,360
Speaker 11: They're losing faith in our system of justice, and the

586
00:29:59,400 --> 00:30:01,880
Speaker 11: reason for that is because they see it being abused

587
00:30:02,400 --> 00:30:05,320
Speaker 11: as it is being done here in New York. The

588
00:30:05,360 --> 00:30:08,280
Speaker 11: facts here are very important. Facts are always important in

589
00:30:08,280 --> 00:30:10,680
Speaker 11: a trial, or at least they're supposed to be. The

590
00:30:10,720 --> 00:30:15,120
Speaker 11: President's actions in this matter were previously reviewed and no

591
00:30:15,360 --> 00:30:19,600
Speaker 11: charges were filed. Why is that because there's no crime here.

592
00:30:20,280 --> 00:30:24,360
Speaker 11: Now eight years later, suddenly they've resurrected this thing. They

593
00:30:24,400 --> 00:30:27,160
Speaker 11: brought it back, And why is that, Well, just apply

594
00:30:27,240 --> 00:30:31,360
Speaker 11: common sense. Everyone can see it's painfully obvious. They were

595
00:30:31,360 --> 00:30:34,160
Speaker 11: here now six months out from an election day, and

596
00:30:34,520 --> 00:30:36,840
Speaker 11: that's the reason. That is the reason why they brought

597
00:30:36,880 --> 00:30:39,480
Speaker 11: these these charges here and across the country.

598
00:30:39,600 --> 00:30:42,040
Speaker 4: So there's a lot of fatigue and exhaustion with Alvin

599
00:30:42,040 --> 00:30:44,880
Speaker 4: Bragg's decision here, even on the left. Ryan, I think

600
00:30:44,880 --> 00:30:48,440
Speaker 4: it's interesting, you know, Tommy Tuberville, Jamdie Vance, I think

601
00:30:48,600 --> 00:30:50,800
Speaker 4: Rick Scott went last week. Yeah, he did go up

602
00:30:50,880 --> 00:30:53,480
Speaker 4: last week to sort of go up to New York.

603
00:30:53,800 --> 00:30:56,280
Speaker 4: Have these moments like we just saw with Mike Johnson

604
00:30:56,320 --> 00:31:00,080
Speaker 4: and Deve Gramaswamy sort of relish the spotlight look like

605
00:31:00,200 --> 00:31:01,720
Speaker 4: they're you know, really.

606
00:31:01,880 --> 00:31:03,440
Speaker 5: They have Donald Trump's back.

607
00:31:04,440 --> 00:31:06,560
Speaker 4: From my perspective, you know, we just did a whole

608
00:31:07,080 --> 00:31:12,479
Speaker 4: segment on the economy. I find it very interesting that

609
00:31:12,520 --> 00:31:15,640
Speaker 4: people are sort of patting Mike Johnson continue to be

610
00:31:15,640 --> 00:31:16,200
Speaker 4: a real person.

611
00:31:16,520 --> 00:31:17,960
Speaker 5: We can confirm on the.

612
00:31:17,960 --> 00:31:22,240
Speaker 4: Back for this when it's like the dude just flip

613
00:31:22,240 --> 00:31:26,480
Speaker 4: flopped on Faiza and he's doing this to like make

614
00:31:26,560 --> 00:31:30,160
Speaker 4: you feel like he's maga. Like this is again, like

615
00:31:30,200 --> 00:31:32,680
Speaker 4: the case is ridiculous, but Mike Johnson is going up here.

616
00:31:32,720 --> 00:31:34,160
Speaker 5: Other Republicans are going up here.

617
00:31:34,440 --> 00:31:38,200
Speaker 4: They might not actually vote the way that you want

618
00:31:38,200 --> 00:31:40,520
Speaker 4: them to, but they're gonna do that and act like

619
00:31:40,560 --> 00:31:44,720
Speaker 4: they're super maga because this is a really easy opportunity.

620
00:31:44,760 --> 00:31:46,760
Speaker 4: I mean, even liberals in the New York Times are

621
00:31:46,800 --> 00:31:49,080
Speaker 4: in vain against Alvin Bragg at this point, saying, you know,

622
00:31:49,080 --> 00:31:50,760
Speaker 4: at first there was a not bad A couple weeks

623
00:31:50,840 --> 00:31:53,440
Speaker 4: THO was like, this is a grave mistake because he

624
00:31:53,520 --> 00:31:58,000
Speaker 4: had to upgrade because the statue of Statute of limitations.

625
00:31:58,000 --> 00:32:02,080
Speaker 4: He had to basically devise the strategy to say this

626
00:32:02,480 --> 00:32:05,480
Speaker 4: wasn't a misdemeanor, it was actually a felony because it

627
00:32:05,600 --> 00:32:08,760
Speaker 4: was about breaking federal campaign finance laws, which is really

628
00:32:08,800 --> 00:32:12,040
Speaker 4: unclear because if Donald Trump had classified the hush money

629
00:32:12,080 --> 00:32:15,280
Speaker 4: payments to a board star as something else, you know,

630
00:32:15,320 --> 00:32:18,200
Speaker 4: it also doesn't really make sense from a legal standpoint

631
00:32:18,200 --> 00:32:21,000
Speaker 4: that that's the argument. And even to say that it

632
00:32:21,040 --> 00:32:23,120
Speaker 4: was done to break federal campaign finance laws, he has

633
00:32:23,160 --> 00:32:25,640
Speaker 4: to prove that it was only about the campaign. There

634
00:32:25,640 --> 00:32:28,440
Speaker 4: were no personal reasons for hushing up somebody who is

635
00:32:28,760 --> 00:32:31,800
Speaker 4: alleging that they had an affair with you while your

636
00:32:31,800 --> 00:32:32,880
Speaker 4: wife was what pregnant.

637
00:32:34,000 --> 00:32:35,320
Speaker 5: So it's just a.

638
00:32:35,320 --> 00:32:42,800
Speaker 3: Circus, right, because it's this interesting situation where nobody, nobody

639
00:32:42,840 --> 00:32:45,520
Speaker 3: seems to doubt that he did what he did from

640
00:32:45,640 --> 00:32:48,360
Speaker 3: beginning to end. Question as well as it's a crime.

641
00:32:48,840 --> 00:32:51,440
Speaker 3: And later in this program, we're going to talk about

642
00:32:51,480 --> 00:32:54,480
Speaker 3: how Apak is spending millions of dollars secretly in a

643
00:32:54,520 --> 00:32:57,920
Speaker 3: congressional race in order to influence it, using shell packs

644
00:32:58,080 --> 00:33:02,840
Speaker 3: in order to get around kind of disclosure requirements. Nobody's

645
00:33:02,880 --> 00:33:05,239
Speaker 3: remotely suggesting they're going to be prosecuted for any of that.

646
00:33:05,600 --> 00:33:08,880
Speaker 3: Nobody gets prosecuted for anything when it comes to campaign

647
00:33:08,960 --> 00:33:11,440
Speaker 3: finance law. The idea that this would be the one

648
00:33:11,480 --> 00:33:15,080
Speaker 3: thing that would get prosecuted, I think is the reason

649
00:33:15,120 --> 00:33:17,720
Speaker 3: that a lot of his supporters like, really, come on, yeah,

650
00:33:17,840 --> 00:33:22,240
Speaker 3: it's like hush money is legal, right and right it

651
00:33:22,360 --> 00:33:26,680
Speaker 3: is okay, So and then you're saying, okay, well, is

652
00:33:27,160 --> 00:33:30,440
Speaker 3: do we expect Donald Trump is like going over the

653
00:33:30,480 --> 00:33:34,080
Speaker 3: paperwork that's filed on his behalf, either to the fec

654
00:33:34,440 --> 00:33:38,920
Speaker 3: or to the like guy. And what good would that

655
00:33:38,960 --> 00:33:41,840
Speaker 3: even do? Donald? Can you imagine Donald Trump like going

656
00:33:41,840 --> 00:33:46,840
Speaker 3: over paperwork with a fine tooth comb, like it is

657
00:33:46,880 --> 00:33:52,560
Speaker 3: a criminalizing his existence, which I'm for well, but it's

658
00:33:52,560 --> 00:33:54,880
Speaker 3: hard to stand up stand up that on principle.

659
00:33:55,160 --> 00:33:57,600
Speaker 4: So Michael Cohene was testifying yesterday obviously, and that was

660
00:33:57,600 --> 00:34:00,480
Speaker 4: a big media circus as well, the ne're Times rates.

661
00:34:00,480 --> 00:34:03,400
Speaker 4: When monthly checks to Cohen started arriving, most bearing mister

662
00:34:03,440 --> 00:34:05,800
Speaker 4: Trump's signature, they disguised the nature of the payments. Mister

663
00:34:05,840 --> 00:34:08,799
Speaker 4: Cohen testified the stubs described the checks as part of

664
00:34:08,800 --> 00:34:11,319
Speaker 4: a legal quote retainer agreement, but they were in fact

665
00:34:11,360 --> 00:34:14,000
Speaker 4: reimbursements for hush money that mister con had paid to

666
00:34:14,040 --> 00:34:16,360
Speaker 4: silence a porn star story of sex with mister Trump.

667
00:34:16,600 --> 00:34:18,560
Speaker 4: Mister Cohen said that mister Trump was present when a

668
00:34:18,560 --> 00:34:21,720
Speaker 4: plan to fictionalize the records was cooked up weeks earlier

669
00:34:21,719 --> 00:34:25,960
Speaker 4: in New York. The testimony marked a pivotal moment for prosecutors.

670
00:34:25,960 --> 00:34:29,440
Speaker 4: They charged mister Trump with falsifying the checks and other records,

671
00:34:29,440 --> 00:34:33,880
Speaker 4: and mister Cohen's were counting drove those accusations home. So obviously,

672
00:34:33,960 --> 00:34:37,080
Speaker 4: Michael Cohen was cross examined yesterday as well, and it

673
00:34:37,200 --> 00:34:38,640
Speaker 4: was admitting all kinds of.

674
00:34:38,600 --> 00:34:39,359
Speaker 5: Stuff left and right.

675
00:34:39,360 --> 00:34:42,200
Speaker 4: This follows the week of Stormy Daniels testifying, and we

676
00:34:42,239 --> 00:34:45,600
Speaker 4: had David Pecker, who owned the media group behind the

677
00:34:45,680 --> 00:34:49,799
Speaker 4: National Inquirer, testifying, and you know, the cross examination of

678
00:34:49,960 --> 00:34:54,239
Speaker 4: Michael Cohen was, you know, basically what you would expect.

679
00:34:54,320 --> 00:34:58,480
Speaker 4: So for at one point, Cohen was asked whether he

680
00:34:58,560 --> 00:35:03,680
Speaker 4: knew whether he knew who he was who. Okay, this

681
00:35:03,719 --> 00:35:05,680
Speaker 4: is this confusing the way that I'm reading this, but

682
00:35:05,719 --> 00:35:08,319
Speaker 4: basically here's the CNN. Donald Trump's attorney, Todd Blanche began

683
00:35:08,360 --> 00:35:10,520
Speaker 4: his confrontation with Michael Cohen on Tuesday by throwing the

684
00:35:10,560 --> 00:35:13,400
Speaker 4: former fixer's language back in his face. Blanche confirmed the

685
00:35:13,440 --> 00:35:15,600
Speaker 4: two had never spoken, but asked Cohen whether he knew

686
00:35:15,600 --> 00:35:18,920
Speaker 4: who he was already since con quote went on TikTok

687
00:35:19,040 --> 00:35:21,719
Speaker 4: and called me a crying little shit just before the

688
00:35:21,760 --> 00:35:25,520
Speaker 4: trial began. Con responded, sounds like something I would say

689
00:35:26,000 --> 00:35:30,320
Speaker 4: just Trumpian all around, like the peak Trump for Trump's trial.

690
00:35:30,880 --> 00:35:33,160
Speaker 4: So he got grilled on the stand yesterday, but then

691
00:35:33,280 --> 00:35:36,759
Speaker 4: the prosecution also felt like they got real concessions or

692
00:35:36,800 --> 00:35:40,839
Speaker 4: got real emissions out of him that seal their case,

693
00:35:40,880 --> 00:35:44,200
Speaker 4: which is these checks coming from and again like if

694
00:35:44,239 --> 00:35:48,520
Speaker 4: you don't think Donald Trump did this that, I mean,

695
00:35:49,520 --> 00:35:52,800
Speaker 4: we all kind of know what happened here. In all likelihood,

696
00:35:52,800 --> 00:35:54,000
Speaker 4: we all kind of know what happened here.

697
00:35:54,120 --> 00:35:58,359
Speaker 3: And then there's also the witness intimidation slash shenanigans that

698
00:35:58,440 --> 00:36:02,880
Speaker 3: Cohen testified to yesterday. You know, he called Trump and

699
00:36:03,680 --> 00:36:06,440
Speaker 3: after the FBI rated him, and Trump told him, according

700
00:36:06,480 --> 00:36:08,359
Speaker 3: to Cohen, don't worry. I'm the president of the United States.

701
00:36:08,400 --> 00:36:11,600
Speaker 3: There's nothing here. Everything's going to be okay, stay tough,

702
00:36:11,920 --> 00:36:16,000
Speaker 3: You're going to be okay. Messages then later relayed to

703
00:36:16,080 --> 00:36:20,680
Speaker 3: him sleep well tonight. You have friends in high places,

704
00:36:20,719 --> 00:36:23,760
Speaker 3: a very clear suggestion from Trump that look, I'm the president.

705
00:36:24,640 --> 00:36:26,000
Speaker 3: I'm not going to let you go down for this.

706
00:36:26,239 --> 00:36:29,239
Speaker 4: Yeah, if it's true, which again I think most people

707
00:36:29,239 --> 00:36:32,319
Speaker 4: would probably believe, but Michael Cohen has also lied. And

708
00:36:32,360 --> 00:36:35,160
Speaker 4: so just from the standpoint of the case strategy, this

709
00:36:35,320 --> 00:36:37,560
Speaker 4: is a case based on David Packer's Stormy Daniels and

710
00:36:37,600 --> 00:36:38,240
Speaker 4: Michael Cohen.

711
00:36:38,760 --> 00:36:44,840
Speaker 3: Yeah. Also, the thing that comes through here is everybody

712
00:36:45,280 --> 00:36:48,359
Speaker 3: in the Trump world knows that Trump treats a lot

713
00:36:48,360 --> 00:36:51,920
Speaker 3: of people around him terribly. He probably treated nobody more

714
00:36:52,040 --> 00:36:55,960
Speaker 3: terribly than Michael Cohen. And now we know that Michael

715
00:36:56,000 --> 00:37:01,720
Speaker 3: Cohen was harboring Mount Vesuvius level resentment against him. Yeah,

716
00:37:02,200 --> 00:37:05,160
Speaker 3: that once Trump did not have is back as he

717
00:37:05,239 --> 00:37:09,560
Speaker 3: promised on. This has just erupted, right, And so on

718
00:37:09,600 --> 00:37:11,960
Speaker 3: the one hand, you say, well, he's flipping, he's telling

719
00:37:12,000 --> 00:37:15,120
Speaker 3: the truth on his old wretched boss, right, And you're

720
00:37:15,120 --> 00:37:17,799
Speaker 3: saying he would like nothing more than just to see

721
00:37:17,840 --> 00:37:20,080
Speaker 3: this guy convicted and go down, right, and it kills

722
00:37:20,160 --> 00:37:25,160
Speaker 3: him that Trump remains like a part of our national

723
00:37:25,200 --> 00:37:27,919
Speaker 3: politics and leading the presidential race.

724
00:37:28,239 --> 00:37:32,080
Speaker 4: Right, Yeah, No, I mean absolutely, And Trump is facing again,

725
00:37:32,200 --> 00:37:35,120
Speaker 4: is facing prison over this. And I know we've talked

726
00:37:35,120 --> 00:37:36,080
Speaker 4: about this before.

727
00:37:36,400 --> 00:37:39,240
Speaker 3: I'm not Yeah, it skeptical. I mean, it's a felony,

728
00:37:39,440 --> 00:37:41,279
Speaker 3: you know, thirty four felonies or whatever.

729
00:37:41,239 --> 00:37:44,680
Speaker 4: Right, I mean, it is a felony, and so the

730
00:37:44,880 --> 00:37:48,080
Speaker 4: former president of United States, the leading presidential candidate, facing

731
00:37:48,239 --> 00:37:51,320
Speaker 4: felony charges for this. There's a host of other cases

732
00:37:51,320 --> 00:37:54,719
Speaker 4: obviously as well, as much as both of us are

733
00:37:54,760 --> 00:37:59,160
Speaker 4: in favor of locking up white cott criminals personally, if

734
00:37:59,160 --> 00:38:03,600
Speaker 4: you're just we need to go after one party in

735
00:38:03,920 --> 00:38:07,360
Speaker 4: two sort of ticky tacky ways, I just think it's it's, obviously,

736
00:38:07,600 --> 00:38:10,160
Speaker 4: from my prospective, a very dangerous road to go down.

737
00:38:10,200 --> 00:38:12,640
Speaker 4: And every day we hear testimony from this trial about

738
00:38:12,840 --> 00:38:15,800
Speaker 4: whether or not Donald Trump was like wink wink nod

739
00:38:15,880 --> 00:38:19,440
Speaker 4: mafia style falsifying checks. It's like, is this really what

740
00:38:19,440 --> 00:38:22,799
Speaker 4: we're talking about with Donald Trump? Like you, why are

741
00:38:22,840 --> 00:38:23,640
Speaker 4: we doing this?

742
00:38:24,080 --> 00:38:25,200
Speaker 5: Talk about something else?

743
00:38:25,280 --> 00:38:27,640
Speaker 4: There's plenty to talk about when it comes to Donald Trump,

744
00:38:27,880 --> 00:38:31,440
Speaker 4: and instead he's in New York. Well, you know, we

745
00:38:31,480 --> 00:38:33,720
Speaker 4: have to listen to Michael Cohen and Stormy and Daniels

746
00:38:33,719 --> 00:38:37,600
Speaker 4: recount their various interactions with him over the years.

747
00:38:39,719 --> 00:38:40,600
Speaker 5: The University of.

748
00:38:40,560 --> 00:38:44,120
Speaker 4: North Carolina at Chapel Hill has voted via their Board

749
00:38:44,160 --> 00:38:48,000
Speaker 4: of trustees to divert to funnel a lot of money

750
00:38:48,000 --> 00:38:51,280
Speaker 4: that was spent previously on diversity equity and inclusion program,

751
00:38:51,360 --> 00:38:52,839
Speaker 4: so DEI.

752
00:38:52,719 --> 00:38:54,520
Speaker 5: Into public safety.

753
00:38:54,960 --> 00:38:58,160
Speaker 4: This just happened this week, and we can put the

754
00:38:58,160 --> 00:38:59,360
Speaker 4: first element up on the screen.

755
00:38:59,400 --> 00:39:00,560
Speaker 5: This is the headlin and from.

756
00:39:00,360 --> 00:39:03,840
Speaker 4: The Guardian, a two point three million dollar DEI budget

757
00:39:03,880 --> 00:39:07,640
Speaker 4: now going to safety and policing. The chairman of the board,

758
00:39:07,640 --> 00:39:10,480
Speaker 4: his name is David Baliek, told the Raleigh News and

759
00:39:10,520 --> 00:39:13,440
Speaker 4: Observer that he expected jobs would be eliminated quote as

760
00:39:13,440 --> 00:39:16,280
Speaker 4: a result of the reallocation. He said, my personal opinion

761
00:39:16,320 --> 00:39:19,160
Speaker 4: is that there's administrative bloat in the university, and he

762
00:39:19,200 --> 00:39:22,319
Speaker 4: cuts an administration and diverting of dollars to rubber meets

763
00:39:22,360 --> 00:39:22,719
Speaker 4: the road.

764
00:39:22,760 --> 00:39:27,000
Speaker 5: Efforts like public safety and teaching is important. Now.

765
00:39:27,440 --> 00:39:31,200
Speaker 4: You and C became a somewhat of a flashpoint in

766
00:39:31,480 --> 00:39:35,719
Speaker 4: the greater encampment debate. Because we're going to skip ahead

767
00:39:35,719 --> 00:39:37,759
Speaker 4: with the elements here, we can put this vo up

768
00:39:37,800 --> 00:39:43,080
Speaker 4: on This is C three of the Fraternity Brothers protecting

769
00:39:43,120 --> 00:39:47,040
Speaker 4: the American flag after some protesters had tried to take

770
00:39:47,080 --> 00:39:50,319
Speaker 4: it down, according to reporting Fox News and replace it

771
00:39:50,400 --> 00:39:52,000
Speaker 4: with a Palestinian flag.

772
00:39:52,200 --> 00:39:53,520
Speaker 5: This went massively viral.

773
00:39:53,600 --> 00:39:55,520
Speaker 4: I think they got like a ten thousand dollars donation

774
00:39:55,560 --> 00:39:57,759
Speaker 4: from Bill Ackman on a gofund me, although there were

775
00:39:57,800 --> 00:40:01,960
Speaker 4: different fraternities who were getting nations and we're going viral

776
00:40:02,080 --> 00:40:05,360
Speaker 4: for doing things like this, But that again sort of

777
00:40:05,400 --> 00:40:07,480
Speaker 4: thrust this back into the spotlight for you. And see

778
00:40:07,560 --> 00:40:10,600
Speaker 4: obviously there've even been academic studies on this point. The

779
00:40:10,680 --> 00:40:13,880
Speaker 4: rolling back of DEI spending has kind of happened across

780
00:40:13,880 --> 00:40:19,120
Speaker 4: the board academia, It's happened in corporations. But you know,

781
00:40:19,160 --> 00:40:22,279
Speaker 4: I would argue, and have interviewed people in the who

782
00:40:22,320 --> 00:40:24,000
Speaker 4: watched this in the corporate space, some of it is

783
00:40:24,040 --> 00:40:25,759
Speaker 4: actually not really being rolled back.

784
00:40:25,800 --> 00:40:27,040
Speaker 5: It's being rolled back.

785
00:40:26,840 --> 00:40:29,760
Speaker 4: In name and then you know you're seeing it still

786
00:40:29,800 --> 00:40:34,080
Speaker 4: happen intentionally in other places, kind of being disguised, disguised

787
00:40:34,120 --> 00:40:37,120
Speaker 4: and obfuscated rather than fully abandoned. But in the case

788
00:40:37,160 --> 00:40:41,040
Speaker 4: of UNC here, it's actually really being fully abandoned. I

789
00:40:41,040 --> 00:40:43,120
Speaker 4: think jobs will be lost. Well, last thing I'll point

790
00:40:43,160 --> 00:40:45,480
Speaker 4: out Ryan before I toss to you, because you have

791
00:40:45,560 --> 00:40:47,600
Speaker 4: some interesting thoughts on this I'm excited to get to,

792
00:40:48,480 --> 00:40:50,120
Speaker 4: is that when the president of the board said that

793
00:40:50,160 --> 00:40:54,480
Speaker 4: they have administrative bloat, He's right. There was a Progressive

794
00:40:54,520 --> 00:40:57,120
Speaker 4: Policy Institute sort of ran would you describe them as

795
00:40:57,160 --> 00:40:57,400
Speaker 4: kind of.

796
00:40:57,440 --> 00:40:58,439
Speaker 5: Third Way e.

797
00:40:58,719 --> 00:41:00,640
Speaker 3: So it is their length third Way.

798
00:41:00,680 --> 00:41:03,560
Speaker 5: They're literally they're like third Ways Think Tank.

799
00:41:03,840 --> 00:41:06,799
Speaker 4: Yeah, they had a so by that way mean kind

800
00:41:06,800 --> 00:41:09,080
Speaker 4: of centrist. But they had a report looking at the

801
00:41:09,120 --> 00:41:12,480
Speaker 4: student to faculty ratio at the top fifty universities that

802
00:41:12,520 --> 00:41:14,800
Speaker 4: was released just last fall, so this is very recent.

803
00:41:15,680 --> 00:41:18,120
Speaker 4: They found that there are three times as many non

804
00:41:18,200 --> 00:41:21,759
Speaker 4: faculty members as they are as there are faculty per

805
00:41:21,880 --> 00:41:25,080
Speaker 4: student at the top fifty schools in the United States.

806
00:41:25,400 --> 00:41:28,160
Speaker 4: That's new, that's a shift, that's something that's happened over

807
00:41:28,200 --> 00:41:30,360
Speaker 4: the course of many years. So just a lot of

808
00:41:30,360 --> 00:41:33,960
Speaker 4: people's student loan is paying for some of the positions

809
00:41:34,280 --> 00:41:37,960
Speaker 4: that might be eliminated. And maybe rather than reallocating two

810
00:41:37,960 --> 00:41:39,840
Speaker 4: point three million dollars you want to give them to

811
00:41:39,880 --> 00:41:43,120
Speaker 4: public safety, you might want to give that back to students.

812
00:41:43,200 --> 00:41:47,160
Speaker 4: But actually, neighboring Duke has one of the worst non

813
00:41:47,200 --> 00:41:51,000
Speaker 4: faculty ratios to student ratio non faculty to student ratios.

814
00:41:51,520 --> 00:41:52,440
Speaker 5: And when I say one of.

815
00:41:52,360 --> 00:41:57,200
Speaker 4: The worst, they literally have more non faculty than students

816
00:41:57,280 --> 00:42:00,000
Speaker 4: at Duke. The ratio at UNC is three point five.

817
00:42:00,080 --> 00:42:04,600
Speaker 4: I have students to one non faculty. So that's administrative position. Basically,

818
00:42:04,640 --> 00:42:07,239
Speaker 4: obviously you need some of those positions. But part of

819
00:42:07,239 --> 00:42:09,920
Speaker 4: the reason that universities have been on this hiring spree

820
00:42:10,120 --> 00:42:16,040
Speaker 4: is because of the constant increase in student loan potential.

821
00:42:16,680 --> 00:42:16,839
Speaker 5: Right.

822
00:42:16,880 --> 00:42:18,920
Speaker 4: I don't know if we even disagree on this, but basically,

823
00:42:18,960 --> 00:42:22,160
Speaker 4: when you have the massive subsidy in the form of loans,

824
00:42:22,680 --> 00:42:27,480
Speaker 4: students are able to keep affording colleges. Their college just

825
00:42:27,560 --> 00:42:30,879
Speaker 4: keeps marking up the prices. And that's definitely what's happened

826
00:42:30,920 --> 00:42:32,960
Speaker 4: across the board, and what they've done with a lot

827
00:42:33,000 --> 00:42:36,239
Speaker 4: of that money is higher administrators have gotten into this

828
00:42:36,280 --> 00:42:39,600
Speaker 4: administrative arms race. They've also had like the Lazy River

829
00:42:39,719 --> 00:42:43,240
Speaker 4: arms race, that's happened too. But you flagged an argument

830
00:42:43,280 --> 00:42:45,920
Speaker 4: from sam Adler Bell that I was really interested in

831
00:42:45,960 --> 00:42:46,799
Speaker 4: getting to as well.

832
00:42:47,200 --> 00:42:50,520
Speaker 3: Yes, sam Adler Bell has been one of my Ninja

833
00:42:50,520 --> 00:42:54,400
Speaker 3: comrades over the years, and like fighting the kind of

834
00:42:54,480 --> 00:43:00,080
Speaker 3: pro DEI left from the left and Ninja is like

835
00:43:00,719 --> 00:43:02,759
Speaker 3: the attacks just keep coming, right and we're going to

836
00:43:02,840 --> 00:43:06,120
Speaker 3: just keep fending them off to that. So, these two

837
00:43:06,200 --> 00:43:11,799
Speaker 3: tweets are in response to NYU faculty and staff for

838
00:43:11,960 --> 00:43:15,040
Speaker 3: Justice in Palestine putting out a statement that said that

839
00:43:15,239 --> 00:43:18,600
Speaker 3: NYU is punishing arrested students by requiring them to complete

840
00:43:18,640 --> 00:43:24,200
Speaker 3: quote reflection papers and completion of quote integrity modules. And

841
00:43:24,239 --> 00:43:27,120
Speaker 3: so this is the kind of students are protesting against

842
00:43:27,160 --> 00:43:30,319
Speaker 3: what the DEI office is kind of punishing them with.

843
00:43:30,360 --> 00:43:32,919
Speaker 3: So Sam says, for what it's worth, I do think

844
00:43:32,960 --> 00:43:36,360
Speaker 3: this stuff should force the left to rethink its hostility

845
00:43:36,400 --> 00:43:41,879
Speaker 3: to the more sophisticated arguments against the deiification of university administration.

846
00:43:42,800 --> 00:43:45,680
Speaker 3: If this sounds to you like quote forced re education

847
00:43:45,760 --> 00:43:49,120
Speaker 3: and repudiation in response to thought crimes unquote, maybe we

848
00:43:49,160 --> 00:43:52,720
Speaker 3: should all reconsider the paradigms that have made this seem

849
00:43:52,760 --> 00:43:57,239
Speaker 3: an appropriate response to political speech. So what he is

850
00:43:57,280 --> 00:44:01,040
Speaker 3: saying there is that if you feel like you're being

851
00:44:01,160 --> 00:44:05,319
Speaker 3: lectured to and re educated by the administration just for

852
00:44:05,440 --> 00:44:11,400
Speaker 3: stating your political opinion that Palestinians deserve justice, that Palestinians

853
00:44:11,440 --> 00:44:14,520
Speaker 3: should not be the victims of an ethnic cleansing, that

854
00:44:14,560 --> 00:44:20,680
Speaker 3: the university ought to divest from the Israeli military industrial complex,

855
00:44:21,640 --> 00:44:26,799
Speaker 3: and they respond to you by this like insane, like

856
00:44:27,040 --> 00:44:30,719
Speaker 3: you know, making right reflection papers and telling you that

857
00:44:30,760 --> 00:44:32,920
Speaker 3: you've committed thought crimes. And what he's saying there is

858
00:44:32,960 --> 00:44:36,040
Speaker 3: that flip it over, flip it around. Think about that

859
00:44:36,040 --> 00:44:38,960
Speaker 3: from another perspective. You don't like it that the administration

860
00:44:39,040 --> 00:44:41,680
Speaker 3: is telling you that you're guilty of wrong thing, that

861
00:44:41,719 --> 00:44:44,720
Speaker 3: you're thinking the wrong things. You don't like that, do you?

862
00:44:44,719 --> 00:44:47,719
Speaker 3: You should be able to think for yourself. Apply that

863
00:44:47,760 --> 00:44:54,800
Speaker 3: to everybody. Take ownership of your own independent thought process.

864
00:44:55,440 --> 00:44:59,600
Speaker 3: Don't outsource it to administrators. Yeah, don't let them be

865
00:44:59,719 --> 00:45:02,239
Speaker 3: the art of what is good and what is bad.

866
00:45:02,280 --> 00:45:06,400
Speaker 3: What is right is what is wrong. And you know,

867
00:45:06,880 --> 00:45:11,040
Speaker 3: I'm old man yelling at clouds, But what I have

868
00:45:11,160 --> 00:45:15,400
Speaker 3: been yelling at this cloud for several years now is

869
00:45:15,440 --> 00:45:22,920
Speaker 3: that this empowering, this active empowering of administrators is counter

870
00:45:23,040 --> 00:45:28,920
Speaker 3: to the kind of freethinking, you know, people power that

871
00:45:28,960 --> 00:45:33,239
Speaker 3: the left is supposed to be about. Like back in

872
00:45:33,440 --> 00:45:37,120
Speaker 3: say the nineties and two thousands if or and before that,

873
00:45:38,440 --> 00:45:42,200
Speaker 3: people were protesting against the administration. The protests over the

874
00:45:42,280 --> 00:45:46,799
Speaker 3: last ten to fifteen years are demands that more administrators

875
00:45:46,880 --> 00:45:50,160
Speaker 3: be hired to cover particular areas and that more offices

876
00:45:50,239 --> 00:45:52,240
Speaker 3: be created and.

877
00:45:52,320 --> 00:45:54,720
Speaker 5: Driven by by Obama or Title nine policies.

878
00:45:54,719 --> 00:45:59,160
Speaker 3: And now those offices are being turned predictably as predicted

879
00:45:59,440 --> 00:46:02,960
Speaker 3: back against left. Yeah, yeah, I'll stop doing that.

880
00:46:03,880 --> 00:46:08,160
Speaker 4: You're bankrupting working class people. You're bankrupting people on their way,

881
00:46:08,920 --> 00:46:13,440
Speaker 4: bankrupting people as they are on their way in the

882
00:46:13,560 --> 00:46:17,240
Speaker 4: course of upward mobility, supposedly as they're claiming their ticket

883
00:46:17,280 --> 00:46:19,520
Speaker 4: to the middle class. That higher education is supposed to

884
00:46:19,520 --> 00:46:22,439
Speaker 4: be punging people tens of thousands of dollars into debt

885
00:46:23,040 --> 00:46:28,560
Speaker 4: in large part to finance a thought regime basically, and

886
00:46:28,640 --> 00:46:31,279
Speaker 4: an inflexible thought regime at that. And I think it

887
00:46:31,360 --> 00:46:33,480
Speaker 4: took a lot of people on the left, and I

888
00:46:33,520 --> 00:46:36,560
Speaker 4: don't think the broader left is still cued into this basically,

889
00:46:36,600 --> 00:46:38,880
Speaker 4: but like it took people a little bit to realize

890
00:46:38,960 --> 00:46:42,040
Speaker 4: that these thought regimes actually are really restrictive. Not a

891
00:46:42,080 --> 00:46:45,120
Speaker 4: lot of sympathy for the conservative students who end up

892
00:46:45,160 --> 00:46:47,400
Speaker 4: on the wrong side of it and have for decades,

893
00:46:47,719 --> 00:46:49,879
Speaker 4: but especially over the course of the last decade post

894
00:46:49,880 --> 00:46:53,920
Speaker 4: Title nine Obama era regulations and post cancel culture and

895
00:46:54,000 --> 00:46:57,160
Speaker 4: all of that was a lot of sympathy for conservative students.

896
00:46:57,200 --> 00:47:03,480
Speaker 4: But this is actually wrong, is actually meant to advance

897
00:47:03,680 --> 00:47:07,560
Speaker 4: the interests of people who are using it as window

898
00:47:07,640 --> 00:47:13,200
Speaker 4: dressing for their basically neoliberal politics, and it's disgusting and

899
00:47:13,280 --> 00:47:16,160
Speaker 4: it's hollowing out. It's contributing to the hollowing out of

900
00:47:16,200 --> 00:47:19,880
Speaker 4: the middle class. We have people spilled blood to create

901
00:47:19,960 --> 00:47:26,239
Speaker 4: laws in this country that forbid discrimination on a racial basis,

902
00:47:26,280 --> 00:47:28,600
Speaker 4: sexual basis, that we have a lot of laws on

903
00:47:28,640 --> 00:47:31,719
Speaker 4: the books to do that. College campuses are unique environments,

904
00:47:31,719 --> 00:47:34,200
Speaker 4: I think, especially in terms of questions like sexual assault.

905
00:47:34,239 --> 00:47:37,960
Speaker 4: These are really serious conversations. But to say that these

906
00:47:38,080 --> 00:47:41,960
Speaker 4: administrations have become bloated as even an understatement. We have

907
00:47:42,080 --> 00:47:45,640
Speaker 4: just blown up universities in the name of not creating

908
00:47:45,640 --> 00:47:47,319
Speaker 4: thought restrictions, whatever that means.

909
00:47:47,320 --> 00:47:47,640
Speaker 5: People.

910
00:47:48,480 --> 00:47:51,600
Speaker 3: And meanwhile, not only is the budget now being sent

911
00:47:51,640 --> 00:47:54,120
Speaker 3: over to cops, which, like we said, earlis like an

912
00:47:54,200 --> 00:48:01,360
Speaker 3: onion headline, but the overreach has empowered the Stephen Miller's

913
00:48:01,400 --> 00:48:05,520
Speaker 3: of the world to then fight back against all efforts

914
00:48:05,880 --> 00:48:10,279
Speaker 3: to advance civil rights, in advance diversity in hiring, and

915
00:48:10,760 --> 00:48:15,840
Speaker 3: acceptance in general across the board. It's just getting the

916
00:48:15,880 --> 00:48:17,759
Speaker 3: baby is just getting thrown out with the bathwater. Because

917
00:48:17,760 --> 00:48:20,040
Speaker 3: I'm somebody who thinks that, Look, if you're grappling with

918
00:48:20,080 --> 00:48:23,080
Speaker 3: the legacy of racism, things don't just go away on

919
00:48:23,120 --> 00:48:25,759
Speaker 3: their own because you just want them to like it

920
00:48:25,840 --> 00:48:29,920
Speaker 3: takes actual affirmative action on the part of a society

921
00:48:30,640 --> 00:48:35,080
Speaker 3: to grapple with those legacies. And so even if that

922
00:48:35,200 --> 00:48:39,440
Speaker 3: means what the NFL called a roomy rule, which is like, look,

923
00:48:40,280 --> 00:48:42,840
Speaker 3: there is just a subtle there's a subtle sense in

924
00:48:42,840 --> 00:48:45,040
Speaker 3: the NFL back in the you know, it's not as

925
00:48:45,040 --> 00:48:47,680
Speaker 3: pronounced as it used to be at all. But for

926
00:48:47,800 --> 00:48:51,279
Speaker 3: years there were no black head coaches, and no black

927
00:48:51,320 --> 00:48:53,719
Speaker 3: head coaches were even getting no assistant coaches were even

928
00:48:53,719 --> 00:48:57,160
Speaker 3: getting interviewed for the jobs. So they create a rule.

929
00:48:57,160 --> 00:48:59,600
Speaker 3: It said, you have to interview somebody who's black or

930
00:48:59,600 --> 00:49:02,719
Speaker 3: who's not white. You know, we're not saying you have

931
00:49:02,760 --> 00:49:06,120
Speaker 3: to hire them, but for God's sake, just stop this

932
00:49:06,160 --> 00:49:09,560
Speaker 3: thing where you just call your four friends like you're

933
00:49:09,680 --> 00:49:12,240
Speaker 3: all your friends are white. And if you don't break

934
00:49:12,280 --> 00:49:15,000
Speaker 3: that cycle, that's just gonna how it's going to be

935
00:49:15,040 --> 00:49:18,759
Speaker 3: how it propels forward. And so the rules interview something

936
00:49:18,800 --> 00:49:21,000
Speaker 3: and then turned out like, oh, wow, this guy's really

937
00:49:21,000 --> 00:49:24,120
Speaker 3: good and we want to win, so we're hiring this guy.

938
00:49:24,160 --> 00:49:26,080
Speaker 3: And so even though he's not in our social circle,

939
00:49:26,120 --> 00:49:28,560
Speaker 3: he's not our friend. So you need you need, you

940
00:49:28,600 --> 00:49:31,360
Speaker 3: do need. I think if you're going to break the legacy.

941
00:49:32,280 --> 00:49:34,200
Speaker 3: And if you want a legacy to become a legacy

942
00:49:34,320 --> 00:49:36,560
Speaker 3: rather than the ongoing part of your culture, you need

943
00:49:36,600 --> 00:49:40,680
Speaker 3: some intervention like that. Instead, this kind of this uh

944
00:49:40,840 --> 00:49:43,799
Speaker 3: DEI at ideology metastasized and took over and became its

945
00:49:43,800 --> 00:49:47,800
Speaker 3: own thing, and it and then was rightly targeted by everybody,

946
00:49:48,120 --> 00:49:51,480
Speaker 3: and and some of the nefarious people like Miller are

947
00:49:51,520 --> 00:49:53,239
Speaker 3: gonna use it to toss everything out.

948
00:49:53,640 --> 00:49:57,520
Speaker 4: It's definitely going to swing the pendulum or risks swing

949
00:49:57,600 --> 00:50:00,600
Speaker 4: swinging the pendulum back in a Yeah, like if I

950
00:50:00,760 --> 00:50:02,319
Speaker 4: if I'm on the left, yeah, I would have the

951
00:50:02,360 --> 00:50:05,040
Speaker 4: exact concerns that you do. And I even on the

952
00:50:05,120 --> 00:50:07,080
Speaker 4: right have concerns that there are people who will take

953
00:50:07,120 --> 00:50:11,160
Speaker 4: it too far. But this is, you know, probably not

954
00:50:11,200 --> 00:50:12,799
Speaker 4: an example of that. Although I would just give the

955
00:50:12,840 --> 00:50:15,680
Speaker 4: money back to the students in some way or another,

956
00:50:15,800 --> 00:50:18,880
Speaker 4: because two point three million dollars it's chump changed to

957
00:50:18,920 --> 00:50:21,759
Speaker 4: a university. But there's there's got to be a better

958
00:50:22,000 --> 00:50:26,400
Speaker 4: better use for it, certainly than the DEI administrators.