1
00:00:00,760 --> 00:00:03,720
Speaker 1: Hey, guys, ready or not, twenty twenty four is here

2
00:00:03,880 --> 00:00:06,320
Speaker 1: and we here at breaking points, are already thinking of

3
00:00:06,400 --> 00:00:08,600
Speaker 1: ways we can up our game for this critical election.

4
00:00:08,800 --> 00:00:11,719
Speaker 2: We rely on our premium subs to expand coverage, upgrade

5
00:00:11,760 --> 00:00:15,120
Speaker 2: the studio ad staff give you, guys, the best independent

6
00:00:15,160 --> 00:00:17,440
Speaker 2: coverage that is possible. If you like what we're all about,

7
00:00:17,680 --> 00:00:20,080
Speaker 2: it just means the absolute world to have your support.

8
00:00:20,160 --> 00:00:37,680
Speaker 2: But enough with that, let's get to the show. Good morning, everybody,

9
00:00:37,680 --> 00:00:39,920
Speaker 2: Happy Tuesday. We have an amazing show for everybody today.

10
00:00:39,960 --> 00:00:40,680
Speaker 2: What do we have, Crystal.

11
00:00:40,720 --> 00:00:43,240
Speaker 1: Indeed, we do lots of news breaking. Just this morning,

12
00:00:43,280 --> 00:00:46,280
Speaker 1: we have drone strikes that have been reported in residential

13
00:00:46,320 --> 00:00:49,839
Speaker 1: areas inside of Moscow. This is obviously dramatic new development

14
00:00:49,920 --> 00:00:51,960
Speaker 1: in the Ukraine War, so we will tell you about

15
00:00:51,960 --> 00:00:54,800
Speaker 1: the fallout from that. We also have more conservatives going

16
00:00:54,800 --> 00:00:57,520
Speaker 1: on the record trashing the debt deal, but Trump remaining

17
00:00:57,600 --> 00:01:00,640
Speaker 1: conspiculously silent, which is kind of interesting of itself.

18
00:01:01,280 --> 00:01:02,360
Speaker 3: You all might have followed this.

19
00:01:02,640 --> 00:01:06,600
Speaker 1: There's a big situation political situation unfolding down in Texas

20
00:01:06,600 --> 00:01:09,559
Speaker 1: where the attorney general has been impeached in the houses.

21
00:01:09,560 --> 00:01:10,480
Speaker 3: We'll go to the Senate.

22
00:01:10,240 --> 00:01:13,640
Speaker 1: Where his wife is a senator and maybe voting on

23
00:01:13,680 --> 00:01:16,440
Speaker 1: whether or not he is convicted there for a host

24
00:01:16,560 --> 00:01:19,880
Speaker 1: of alleged violations and crimes. So we'll break that down

25
00:01:19,880 --> 00:01:22,000
Speaker 1: for you. We also have more updates for you on

26
00:01:22,040 --> 00:01:25,640
Speaker 1: that commercial real estate potential debt bomb looming over America

27
00:01:25,720 --> 00:01:27,560
Speaker 1: cities and the country at large.

28
00:01:28,040 --> 00:01:29,759
Speaker 3: DeSantis and Trump go into war.

29
00:01:29,680 --> 00:01:32,680
Speaker 1: On a few more things Disney, and also Trump's connections

30
00:01:32,720 --> 00:01:36,480
Speaker 1: to Saudi Arabia and MSBC really doing their thing with

31
00:01:36,520 --> 00:01:40,080
Speaker 1: regard to backing up establishment democrats on full display in

32
00:01:40,120 --> 00:01:43,560
Speaker 1: a new interview between Mehdi Hassan and Mary and Williamson.

33
00:01:43,640 --> 00:01:45,160
Speaker 3: So we will bring you that as.

34
00:01:45,040 --> 00:01:47,320
Speaker 1: Well before we get to any of that, though, thank

35
00:01:47,360 --> 00:01:49,160
Speaker 1: you so much to everybody who's been signing up as

36
00:01:49,160 --> 00:01:52,200
Speaker 1: premium subscribers helping us get that new set built, and

37
00:01:52,280 --> 00:01:54,440
Speaker 1: it is imminently arriving eminently.

38
00:01:54,600 --> 00:01:57,760
Speaker 2: We're looking at these gigantic televisions, we are looking at

39
00:01:57,800 --> 00:02:00,200
Speaker 2: all of the equipment that's arriving to the scene. Last

40
00:02:00,200 --> 00:02:01,640
Speaker 2: week here at the desk, which we're a little bit

41
00:02:01,680 --> 00:02:03,880
Speaker 2: it's sad about it's sad. It's sad to say goodbye

42
00:02:03,960 --> 00:02:06,040
Speaker 2: to something that meant so much, but it makes it

43
00:02:06,040 --> 00:02:09,000
Speaker 2: easier because we have so many new and beautiful things

44
00:02:09,000 --> 00:02:11,000
Speaker 2: to look forward to. Not only that, we've got new

45
00:02:11,040 --> 00:02:13,880
Speaker 2: merchandise and so many other things that are all being planned.

46
00:02:13,919 --> 00:02:16,360
Speaker 2: Our team has been doing such an incredible job, so

47
00:02:16,440 --> 00:02:17,920
Speaker 2: much work behind the scenes.

48
00:02:17,960 --> 00:02:19,880
Speaker 4: All of it is made entirely possible by you.

49
00:02:20,000 --> 00:02:21,640
Speaker 2: So once again, if you are able to help us

50
00:02:21,639 --> 00:02:25,840
Speaker 2: out Breakingpoints dot Com, becoming a premium member dramatically helps

51
00:02:25,880 --> 00:02:28,480
Speaker 2: at a time like this, and also to convene a

52
00:02:28,560 --> 00:02:30,840
Speaker 2: lot of big interviews which we already have scheduled, and

53
00:02:30,880 --> 00:02:33,080
Speaker 2: continue to work on some of the things that I

54
00:02:33,120 --> 00:02:35,880
Speaker 2: know people have missed a lot, like panels and other

55
00:02:35,919 --> 00:02:38,640
Speaker 2: things like some pretty high impact stuff you're all going

56
00:02:38,680 --> 00:02:40,880
Speaker 2: to see on the new set the new studio.

57
00:02:40,919 --> 00:02:42,280
Speaker 4: So I think it's a reason to be excited.

58
00:02:42,360 --> 00:02:44,200
Speaker 1: Yeah, one thing we're psyched about is getting a Trump

59
00:02:44,200 --> 00:02:46,000
Speaker 1: person in and sant this person in so.

60
00:02:46,120 --> 00:02:46,839
Speaker 4: They can be fay.

61
00:02:47,080 --> 00:02:49,560
Speaker 1: Yeah, there's a lot obviously to look forward to with that.

62
00:02:49,639 --> 00:02:51,040
Speaker 1: And so the way that it's going to work is

63
00:02:51,080 --> 00:02:53,200
Speaker 1: they're going to start installing the set in the studio

64
00:02:53,680 --> 00:02:56,080
Speaker 1: starting this Thursday, So next week we'll be doing the

65
00:02:56,080 --> 00:02:59,120
Speaker 1: show all remotely while they build out the set. Here

66
00:02:59,240 --> 00:03:01,560
Speaker 1: and then the weekend after that we will we will debut.

67
00:03:01,600 --> 00:03:02,680
Speaker 3: Everything goes smoothly.

68
00:03:02,760 --> 00:03:05,040
Speaker 2: Don't forget that it will be revealed to the premium

69
00:03:05,040 --> 00:03:07,520
Speaker 2: subscribers first. So maybe another reason to go ahead and

70
00:03:07,520 --> 00:03:10,000
Speaker 2: to sign up, so breakingpoints dot com. Anyway, let's start

71
00:03:10,000 --> 00:03:12,440
Speaker 2: with the major news that happened overnight. Let's go and

72
00:03:12,440 --> 00:03:14,720
Speaker 2: put this up there on the screen. We had a

73
00:03:14,840 --> 00:03:19,560
Speaker 2: drone strike attack all across the city of Moscow early

74
00:03:19,720 --> 00:03:23,079
Speaker 2: this morning or I guess early Tuesday, Moscow time. According

75
00:03:23,120 --> 00:03:26,720
Speaker 2: to Russian authorities, the first attacks hit civilian areas in

76
00:03:27,080 --> 00:03:29,400
Speaker 2: Moscow and it is quote a potent sign that the

77
00:03:29,400 --> 00:03:32,120
Speaker 2: war is increasingly reaching the heart of Russia. It's not

78
00:03:32,160 --> 00:03:34,840
Speaker 2: exactly a mystery as to who is responsible for this,

79
00:03:35,000 --> 00:03:39,320
Speaker 2: especially Crystal, because the Ukrainian Intelligence Service released a statement

80
00:03:39,480 --> 00:03:43,120
Speaker 2: yesterday saying we will retaliate for the missile attacks that

81
00:03:43,160 --> 00:03:45,680
Speaker 2: are currently happening on Kiev. And of course this is

82
00:03:45,680 --> 00:03:48,800
Speaker 2: a terrible development because it's not just Moscow.

83
00:03:48,920 --> 00:03:50,800
Speaker 4: It comes after Moscow.

84
00:03:50,440 --> 00:03:53,160
Speaker 2: Which this is the first time is raining missiles and

85
00:03:53,240 --> 00:03:55,960
Speaker 2: drones down upon Kiev and actually killed somebody.

86
00:03:56,360 --> 00:03:57,040
Speaker 4: Just yesterday.

87
00:03:57,080 --> 00:03:59,839
Speaker 2: This was the resumption of two straight days of miss

88
00:04:00,320 --> 00:04:03,600
Speaker 2: and drone attacks on the Ukrainian capital, and you know,

89
00:04:03,680 --> 00:04:06,560
Speaker 2: I just think it underscores the real death spiral about

90
00:04:06,600 --> 00:04:07,320
Speaker 2: what's happening here.

91
00:04:07,360 --> 00:04:07,520
Speaker 5: Now.

92
00:04:07,600 --> 00:04:10,560
Speaker 4: Luckily nobody was killed in the Moscow attack.

93
00:04:10,560 --> 00:04:13,040
Speaker 2: What I guess, depending on which you take, nobody was

94
00:04:13,120 --> 00:04:17,120
Speaker 2: killed in the Moscow attack. So but I mean, you

95
00:04:17,160 --> 00:04:19,560
Speaker 2: can only imagine, like it's one thing, I think, to

96
00:04:19,839 --> 00:04:23,599
Speaker 2: target the Kremlin building to hit a flag, once you

97
00:04:23,680 --> 00:04:27,080
Speaker 2: start hitting civilian buildings, which once again you have to

98
00:04:27,080 --> 00:04:29,200
Speaker 2: be fair, It's not like Russians haven't been killing Ukrainian

99
00:04:29,240 --> 00:04:32,560
Speaker 2: civilians left and right, all across parking lots, shopping malls

100
00:04:32,760 --> 00:04:34,400
Speaker 2: and all that other stuff. So they're getting a little

101
00:04:34,400 --> 00:04:36,880
Speaker 2: bit of a taste of their own medicine. But there

102
00:04:36,960 --> 00:04:39,960
Speaker 2: is no question that this is almost certainly going to

103
00:04:40,000 --> 00:04:43,520
Speaker 2: harden and increased support inside of Russia. I mean, can

104
00:04:43,560 --> 00:04:47,240
Speaker 2: you only imagine if war ever came to the doorstep

105
00:04:47,279 --> 00:04:49,160
Speaker 2: of the United States of America like that. I mean,

106
00:04:49,200 --> 00:04:51,440
Speaker 2: we have not tasted anything like this, and ever so

107
00:04:51,520 --> 00:04:54,000
Speaker 2: it's almost difficult to even wrap your head around what

108
00:04:54,000 --> 00:04:57,920
Speaker 2: this is going to feel like for the average Russian civilian.

109
00:04:58,279 --> 00:05:00,720
Speaker 2: The populace, the way that the media putin and all

110
00:05:00,720 --> 00:05:03,159
Speaker 2: of them are going to run with this and unfortunately

111
00:05:03,279 --> 00:05:05,840
Speaker 2: only likely lead to even more of an escalation spiral

112
00:05:05,839 --> 00:05:08,200
Speaker 2: where you can continue to count on even more drone

113
00:05:08,200 --> 00:05:11,159
Speaker 2: and missile attacks on the city of Kief. We tried

114
00:05:11,200 --> 00:05:13,400
Speaker 2: to vet some video and stuff coming out of it,

115
00:05:13,480 --> 00:05:16,160
Speaker 2: but we don't want to be responsible for showing anything

116
00:05:16,360 --> 00:05:18,480
Speaker 2: that's not right. You know, some things that we're floating

117
00:05:18,520 --> 00:05:20,120
Speaker 2: around out there. But this is the best of what

118
00:05:20,160 --> 00:05:21,800
Speaker 2: we have right now. We know that some of the

119
00:05:21,880 --> 00:05:25,160
Speaker 2: drones were shot down by Russian authorities, but not all

120
00:05:25,240 --> 00:05:28,560
Speaker 2: of them, and they ultimately did target residential buildings.

121
00:05:28,680 --> 00:05:28,920
Speaker 3: Yeah.

122
00:05:29,000 --> 00:05:31,440
Speaker 1: I talked to our friend Yegor, who lives in Moscow

123
00:05:31,480 --> 00:05:33,880
Speaker 1: about what his experience is there on the ground. As

124
00:05:33,880 --> 00:05:36,880
Speaker 1: best as he knows, there were no deaths and no

125
00:05:36,920 --> 00:05:40,400
Speaker 1: one even sent to the hospital. The impact here appears

126
00:05:40,440 --> 00:05:43,080
Speaker 1: to be purely psychological, and I think it could be

127
00:05:43,120 --> 00:05:45,640
Speaker 1: a really significant impact. I mean, imagine you living in

128
00:05:45,680 --> 00:05:49,640
Speaker 1: a city that was being bombed by drone strikes from

129
00:05:49,640 --> 00:05:51,560
Speaker 1: an adversary. And this is remember at the start of

130
00:05:51,600 --> 00:05:53,479
Speaker 1: this war, Putin went out of his way to try

131
00:05:53,480 --> 00:05:56,440
Speaker 1: to shield the population from any impact. Obviously, we're in

132
00:05:56,480 --> 00:05:59,480
Speaker 1: a very very different place now. According to yegg Or

133
00:05:59,520 --> 00:06:02,400
Speaker 1: at a peer, again, this is all unvetted based on

134
00:06:02,440 --> 00:06:05,200
Speaker 1: the account and the reporting that he's able to take

135
00:06:05,240 --> 00:06:09,240
Speaker 1: in there. On the ground, it appears that wealthier areas

136
00:06:09,240 --> 00:06:11,880
Speaker 1: of the city were targeted. Those drones appear to be

137
00:06:11,920 --> 00:06:15,360
Speaker 1: the ones that were largely shot down successfully, But there

138
00:06:15,520 --> 00:06:19,760
Speaker 1: was a drone strike that did hit a residential apartment

139
00:06:19,800 --> 00:06:22,400
Speaker 1: block of you know more sort of like middle class

140
00:06:22,440 --> 00:06:27,240
Speaker 1: or working class people. And again fortunately there were no deaths.

141
00:06:27,960 --> 00:06:30,719
Speaker 1: I think, just to be really clear, whether your cause

142
00:06:30,760 --> 00:06:34,039
Speaker 1: is just or whether your cause is unjust, Targeting residential

143
00:06:34,120 --> 00:06:36,720
Speaker 1: civilian areas is wrong, period, end of story.

144
00:06:37,080 --> 00:06:39,160
Speaker 3: And you know, so you could look at it and say, okay,

145
00:06:39,160 --> 00:06:40,400
Speaker 3: but you know Russia did it to them.

146
00:06:40,440 --> 00:06:42,920
Speaker 1: Yeah, no one is justifying that either, Like the toll

147
00:06:43,000 --> 00:06:47,000
Speaker 1: on civilians in this war is horrific. So what does

148
00:06:47,040 --> 00:06:49,400
Speaker 1: this mean? I mean, I think you're probably right. The

149
00:06:49,440 --> 00:06:52,400
Speaker 1: most likely outcome in terms of the Russian populace is

150
00:06:52,440 --> 00:06:56,280
Speaker 1: that it hardens their position. It makes them more supportive

151
00:06:56,400 --> 00:06:59,200
Speaker 1: of Putin's war effort. It sort of strengthens his hand

152
00:06:59,240 --> 00:07:00,919
Speaker 1: in terms of the popular if he needs to do

153
00:07:00,960 --> 00:07:04,480
Speaker 1: another draft or if there's additional sort of economic suffering

154
00:07:04,600 --> 00:07:06,240
Speaker 1: that the population has to endure.

155
00:07:06,279 --> 00:07:07,640
Speaker 3: It probably strengthens in sand.

156
00:07:08,000 --> 00:07:10,000
Speaker 1: There is a chance that it goes in the other direction,

157
00:07:10,280 --> 00:07:12,360
Speaker 1: and people say, you know, this is insane. I didn't

158
00:07:12,400 --> 00:07:14,480
Speaker 1: sign up for this, and now my apartment building is

159
00:07:14,520 --> 00:07:19,320
Speaker 1: being potentially under attack from Ukraine. It could theoretically go

160
00:07:19,360 --> 00:07:21,280
Speaker 1: in either direction. But I think you're probably right Zager

161
00:07:21,400 --> 00:07:23,640
Speaker 1: about the way people are going to respond to this.

162
00:07:23,760 --> 00:07:28,120
Speaker 2: People have thought that ever since World War Two, and

163
00:07:28,240 --> 00:07:30,080
Speaker 2: guess what happened. It's like Hitler was like, I will

164
00:07:30,120 --> 00:07:32,000
Speaker 2: break the back of the British.

165
00:07:31,560 --> 00:07:33,320
Speaker 4: By bombing London. What ended up happening.

166
00:07:33,360 --> 00:07:35,560
Speaker 2: They were like, oh, screw you, every single one of

167
00:07:35,600 --> 00:07:37,240
Speaker 2: us will go and hide in a tunnel and then

168
00:07:37,280 --> 00:07:40,160
Speaker 2: we will fight this war until the bitter end. By

169
00:07:40,240 --> 00:07:43,480
Speaker 2: the way, the same thing happened whenever the Allies also

170
00:07:43,520 --> 00:07:46,960
Speaker 2: bombed Germany. Didn't actually do all that much to weaken

171
00:07:47,200 --> 00:07:50,560
Speaker 2: the Nazi regime, at least in terms of their political support.

172
00:07:50,920 --> 00:07:52,120
Speaker 4: And if you go and you take.

173
00:07:52,000 --> 00:07:54,800
Speaker 2: It further, what we dropped more bombs in a single

174
00:07:54,840 --> 00:07:57,240
Speaker 2: mission on North Vietnam than we did in all of

175
00:07:57,320 --> 00:07:57,920
Speaker 2: World War Two?

176
00:07:58,000 --> 00:08:01,120
Speaker 4: Did it break the back of the communists? Resolve?

177
00:08:01,240 --> 00:08:04,320
Speaker 2: No, actually to harden the civilian populace. So and this

178
00:08:04,360 --> 00:08:06,760
Speaker 2: is a message to both sides really because it's you

179
00:08:06,800 --> 00:08:08,760
Speaker 2: know that the Russians, they're the ones who take an

180
00:08:08,760 --> 00:08:12,640
Speaker 2: indiscriminate bombing and have mastered the practice basically in this war.

181
00:08:12,680 --> 00:08:13,840
Speaker 2: And it's like, well, what do you think is going

182
00:08:13,920 --> 00:08:16,160
Speaker 2: to happen? Yet, of course the Ukrainians aren't going to buckle.

183
00:08:16,240 --> 00:08:19,320
Speaker 2: If anything, they're probably a more strengthened polity than they

184
00:08:19,360 --> 00:08:20,120
Speaker 2: were before the war.

185
00:08:20,160 --> 00:08:21,200
Speaker 4: So congratulations to.

186
00:08:21,200 --> 00:08:25,280
Speaker 1: That urged the Ukrainian national identity, you know, like made

187
00:08:25,280 --> 00:08:26,200
Speaker 1: it stronger than ever.

188
00:08:26,320 --> 00:08:27,320
Speaker 3: So congratulations.

189
00:08:27,320 --> 00:08:28,960
Speaker 2: Then you know, you got to do the other counter,

190
00:08:29,040 --> 00:08:32,000
Speaker 2: which is, hey, just so you know, every time somebody

191
00:08:32,040 --> 00:08:34,400
Speaker 2: thinks they could take on Russia and they bomb them,

192
00:08:34,400 --> 00:08:35,400
Speaker 2: they're like, oh, they're.

193
00:08:35,200 --> 00:08:37,360
Speaker 4: Just about to fold and all that. What do they do?

194
00:08:37,480 --> 00:08:42,000
Speaker 2: They they bunckle down, They crack down on their entire

195
00:08:42,040 --> 00:08:46,520
Speaker 2: civilian populace, They criminalize any dissent, and then they throw

196
00:08:46,600 --> 00:08:48,680
Speaker 2: everything they possibly can at you. And this is a

197
00:08:48,880 --> 00:08:52,480
Speaker 2: great power nation with millions of people, with a major

198
00:08:52,520 --> 00:08:57,120
Speaker 2: industrial base, a real economy, and the consequences of that

199
00:08:57,400 --> 00:09:00,600
Speaker 2: can be much much more dire than what we have

200
00:09:00,640 --> 00:09:04,560
Speaker 2: already seen in Ukraine, which is already a human catastrophe

201
00:09:04,600 --> 00:09:07,520
Speaker 2: with tens of thousands of people who are now dead.

202
00:09:07,559 --> 00:09:10,280
Speaker 2: So none of there's no cheerleading here, only to just

203
00:09:10,320 --> 00:09:12,679
Speaker 2: say like this is this is bad, you know, and

204
00:09:12,760 --> 00:09:16,760
Speaker 2: anytime you see any escalation in terms of the terms,

205
00:09:16,800 --> 00:09:18,080
Speaker 2: you can only expect.

206
00:09:17,720 --> 00:09:18,320
Speaker 4: Just more death.

207
00:09:18,400 --> 00:09:21,000
Speaker 2: Yeah, that's possibly even more risk to us also, which

208
00:09:21,040 --> 00:09:21,920
Speaker 2: is scarce.

209
00:09:21,760 --> 00:09:23,920
Speaker 1: A really key point, especially at a time when we've

210
00:09:23,960 --> 00:09:27,079
Speaker 1: just s greenlt F sixteen's and you know, Zelenski promise.

211
00:09:26,960 --> 00:09:27,760
Speaker 4: You said he won't use them.

212
00:09:27,880 --> 00:09:30,440
Speaker 3: Yeah, okay, you know you can take that for what

213
00:09:30,520 --> 00:09:30,960
Speaker 3: it's worth.

214
00:09:31,240 --> 00:09:33,520
Speaker 1: I'm sure there will be and already are people on

215
00:09:33,559 --> 00:09:35,760
Speaker 1: Twitter who are saying, maybe this is a false like listen,

216
00:09:35,880 --> 00:09:38,920
Speaker 1: I mean, you never know. But every single time we've

217
00:09:38,920 --> 00:09:41,800
Speaker 1: had one of these events, you know, the bombings of

218
00:09:42,280 --> 00:09:45,480
Speaker 1: various activists, bloggers on the ground, the during strikes on

219
00:09:45,480 --> 00:09:48,640
Speaker 1: the Kremlin like the or stream two y line and

220
00:09:48,720 --> 00:09:51,640
Speaker 1: bombing at the end of the day after a little while,

221
00:09:51,720 --> 00:09:54,360
Speaker 1: we get the news oh guess what it was actually Ukraine.

222
00:09:54,400 --> 00:09:56,120
Speaker 1: But as far as I know, they haven't actually taken

223
00:09:56,160 --> 00:09:58,520
Speaker 1: responsibility for the attacks yet. So I do want to

224
00:09:58,520 --> 00:09:59,319
Speaker 1: put that out there is.

225
00:09:59,360 --> 00:10:01,679
Speaker 2: They're not going to take responsibility. They lie every single Look,

226
00:10:01,679 --> 00:10:03,240
Speaker 2: this is where I get annoyed. I'm not even gonna

227
00:10:03,280 --> 00:10:07,000
Speaker 2: qualify it. It's obviously Ukraine. What Russia bombed its own populace,

228
00:10:07,160 --> 00:10:11,880
Speaker 2: no way, its own residential its own residential buildings. After

229
00:10:12,160 --> 00:10:15,760
Speaker 2: the our own intelligence committee is secretly like, oh yeah,

230
00:10:15,880 --> 00:10:18,839
Speaker 2: actually it was the Ukrainians.

231
00:10:18,880 --> 00:10:21,000
Speaker 4: Such a shocker that bombed the Kremlin.

232
00:10:21,240 --> 00:10:24,760
Speaker 2: In an every way, it's very obvious who is behind

233
00:10:25,000 --> 00:10:27,160
Speaker 2: the attack. They're not going to take responsibility because they

234
00:10:27,240 --> 00:10:30,760
Speaker 2: never officially acknowledge that they were the ones that were

235
00:10:30,800 --> 00:10:33,640
Speaker 2: behind the attack. It's actually Ukrainian policy at this point.

236
00:10:33,960 --> 00:10:36,080
Speaker 2: And you can also take that one to the bank.

237
00:10:36,120 --> 00:10:37,640
Speaker 2: Whenever they come out and say, oh, we had nothing

238
00:10:37,679 --> 00:10:39,320
Speaker 2: to do with it and it wasn't us, it's like, well,

239
00:10:39,320 --> 00:10:40,760
Speaker 2: why should we believe you? You say you're not going

240
00:10:40,840 --> 00:10:44,360
Speaker 2: to use our F sixteens or our made F sixteens

241
00:10:44,559 --> 00:10:47,560
Speaker 2: on Russian territory. There's absolutely no reason to believe you,

242
00:10:47,880 --> 00:10:50,319
Speaker 2: especially when the stakes get higher and higher for the

243
00:10:50,400 --> 00:10:54,720
Speaker 2: Ukrainians as they're continually waiting for this spring offensive to

244
00:10:54,760 --> 00:10:56,520
Speaker 2: shake up. From what I've been reading, it looks like

245
00:10:56,559 --> 00:10:58,520
Speaker 2: the ground is beginning to get dryer, or we're getting

246
00:10:58,520 --> 00:11:00,760
Speaker 2: to that period where they will be able to launch

247
00:11:00,800 --> 00:11:03,040
Speaker 2: without having to worry as much about the mud.

248
00:11:03,120 --> 00:11:04,679
Speaker 4: So this is it. This is the put up or

249
00:11:04,720 --> 00:11:05,600
Speaker 4: shut up moment, you know.

250
00:11:05,679 --> 00:11:08,000
Speaker 2: Depending on the result of this, it could basically swing

251
00:11:08,040 --> 00:11:09,000
Speaker 2: the war in either direction.

252
00:11:09,160 --> 00:11:14,560
Speaker 1: Yeah, and the danger of broader conflagration, of a larger

253
00:11:14,760 --> 00:11:18,000
Speaker 1: escalation continues to exist, and that's why these actions are

254
00:11:18,000 --> 00:11:21,160
Speaker 1: really dangerous from our perspective as well. But also again,

255
00:11:21,240 --> 00:11:24,640
Speaker 1: whether your cause is just or unjust, don't target civilian

256
00:11:24,760 --> 00:11:25,840
Speaker 1: residential areas.

257
00:11:25,920 --> 00:11:26,800
Speaker 3: It's just wrong.

258
00:11:27,760 --> 00:11:30,040
Speaker 1: Okay, let's go to the very latest we know about

259
00:11:30,080 --> 00:11:32,520
Speaker 1: the debt sealing. As you guys know, McCarthy and Biden

260
00:11:32,640 --> 00:11:33,640
Speaker 1: had this worked out.

261
00:11:33,640 --> 00:11:34,080
Speaker 3: This deal.

262
00:11:34,920 --> 00:11:37,040
Speaker 1: I think it's very likely the Democratic side is more

263
00:11:37,120 --> 00:11:39,839
Speaker 1: or less going to accept it because it is less bad.

264
00:11:40,520 --> 00:11:42,400
Speaker 1: It is, in my opinion, still bad that they negotiate

265
00:11:42,480 --> 00:11:44,640
Speaker 1: on this at all, but it is less bad than

266
00:11:44,640 --> 00:11:48,120
Speaker 1: what I think a lot of Democrats were expecting. Republicans

267
00:11:48,120 --> 00:11:50,760
Speaker 1: on the other side not too happy. We did get

268
00:11:50,760 --> 00:11:53,840
Speaker 1: some comments from President Biden about how he sees this

269
00:11:54,000 --> 00:11:55,760
Speaker 1: all shaking out. Let's take a listen a little bit

270
00:11:55,800 --> 00:11:58,120
Speaker 1: of what he had to say Democrats.

271
00:12:00,080 --> 00:12:04,960
Speaker 5: I oh, yes, no question.

272
00:12:05,360 --> 00:12:08,480
Speaker 3: Well you guys are you guys?

273
00:12:08,520 --> 00:12:11,480
Speaker 6: Will you realize you're not in a real world? No question.

274
00:12:11,960 --> 00:12:14,240
Speaker 6: There is no reason why I shouldn't get done by

275
00:12:14,280 --> 00:12:17,240
Speaker 6: the fifth. I'm confident that we'll get a vote in

276
00:12:17,320 --> 00:12:21,760
Speaker 6: boat houses and we'll see and look, one of the things.

277
00:12:21,559 --> 00:12:23,880
Speaker 5: That I here some of.

278
00:12:23,800 --> 00:12:26,520
Speaker 6: You guys saying, is why didn't Biden say what a

279
00:12:26,520 --> 00:12:29,320
Speaker 6: good dealer is? Why would Biden to say what a

280
00:12:29,360 --> 00:12:32,360
Speaker 6: good dealer before the vote? Think that's going to help

281
00:12:32,360 --> 00:12:35,360
Speaker 6: me get a pass? Oh that's why you guys, don't

282
00:12:35,360 --> 00:12:36,240
Speaker 6: Bartner very well?

283
00:12:36,360 --> 00:12:37,720
Speaker 3: So two pieces there.

284
00:12:38,320 --> 00:12:41,000
Speaker 1: Number one, June fifth is the new x state that

285
00:12:41,440 --> 00:12:44,240
Speaker 1: Treasure Secretary Janet Yellen says that is when the Treasury

286
00:12:44,320 --> 00:12:46,680
Speaker 1: is likely to run out of money. It's actually amazing

287
00:12:46,720 --> 00:12:48,719
Speaker 1: people have crunched the numbers of like there are a

288
00:12:48,760 --> 00:12:50,760
Speaker 1: lot of billionaires in the world right now that actually

289
00:12:50,800 --> 00:12:53,040
Speaker 1: have more money than the United States Treasure, which is

290
00:12:53,120 --> 00:12:56,120
Speaker 1: kind of crazy. So June fifth is the appears to

291
00:12:56,160 --> 00:12:59,200
Speaker 1: be the drop dead date. So the reporters are asking, like,

292
00:12:59,240 --> 00:13:01,640
Speaker 1: you know, with legislation maneuvering in the seventy two hour

293
00:13:01,679 --> 00:13:03,360
Speaker 1: waiting period, are you going to be able to get

294
00:13:03,360 --> 00:13:05,680
Speaker 1: it done by June fifth, and he's like, get real,

295
00:13:06,000 --> 00:13:07,640
Speaker 1: you all do only in the real world. Of course,

296
00:13:07,640 --> 00:13:09,720
Speaker 1: we're going to get it done, which is probably true

297
00:13:09,760 --> 00:13:13,040
Speaker 1: in terms of they can always find shortcuts when they

298
00:13:13,120 --> 00:13:15,040
Speaker 1: ultimately need to get something through quickly.

299
00:13:15,120 --> 00:13:16,000
Speaker 3: So that's that piece.

300
00:13:16,360 --> 00:13:18,080
Speaker 1: The other one saga I want to get your thoughts on.

301
00:13:18,160 --> 00:13:20,640
Speaker 1: There's been some discussion of like Biden's strategy in all

302
00:13:20,679 --> 00:13:23,559
Speaker 1: of this, and he's been very sort of non communicative

303
00:13:23,720 --> 00:13:27,840
Speaker 1: during this whole process of the negotiations. I was critical

304
00:13:27,880 --> 00:13:31,200
Speaker 1: of him previously because it led to Republicans really getting

305
00:13:31,240 --> 00:13:33,440
Speaker 1: the upper hand in terms of messaging where the public

306
00:13:33,520 --> 00:13:36,079
Speaker 1: was very divided about who would be to blame if

307
00:13:36,120 --> 00:13:39,439
Speaker 1: the country did go over that fiscal cliff, which I

308
00:13:39,440 --> 00:13:41,199
Speaker 1: think is a real loss given that clearly it was

309
00:13:41,240 --> 00:13:44,760
Speaker 1: the Republicans who forced this whole crisis situation. But he

310
00:13:44,880 --> 00:13:47,640
Speaker 1: lays out there very plainly what his strategy is. He's like,

311
00:13:47,679 --> 00:13:49,640
Speaker 1: it would not be helpful to getting this thing through

312
00:13:49,679 --> 00:13:52,120
Speaker 1: a Republican house if I were to go out and

313
00:13:52,160 --> 00:13:54,000
Speaker 1: talk about what a great deal it is, so I'm

314
00:13:54,000 --> 00:13:55,760
Speaker 1: just going to keep my mouth shut, which you know

315
00:13:55,920 --> 00:13:56,679
Speaker 1: is probably the.

316
00:13:56,640 --> 00:13:59,880
Speaker 2: Right strategy, yes and no, So it actually requires kind

317
00:13:59,880 --> 00:14:02,520
Speaker 2: of thinking about it on a strategic level and then

318
00:14:02,559 --> 00:14:05,040
Speaker 2: like on an operational level. So operationally I think he

319
00:14:05,080 --> 00:14:07,600
Speaker 2: was correct because he did get a better deal, especially

320
00:14:07,640 --> 00:14:11,120
Speaker 2: if you compare his deal to President Obama's deals back

321
00:14:11,120 --> 00:14:14,240
Speaker 2: in two thousand and eleven. But rhetorically, who won in

322
00:14:14,280 --> 00:14:16,920
Speaker 2: that fight, Well, we actually have a lot of polling

323
00:14:16,960 --> 00:14:20,160
Speaker 2: to compare ten years ago. President Obama one hundred percent

324
00:14:20,240 --> 00:14:23,280
Speaker 2: was on the upside of public opinion. Public opinion was like, no,

325
00:14:23,520 --> 00:14:25,760
Speaker 2: we blame the Republicans, we are pro with the president.

326
00:14:26,040 --> 00:14:29,120
Speaker 2: He messaged relentlessly around it, although he did on substance

327
00:14:29,320 --> 00:14:31,760
Speaker 2: get a worse deal. President Biden, on the other hand,

328
00:14:31,760 --> 00:14:34,480
Speaker 2: I guess on substance did get a better deal. But rhetorically,

329
00:14:34,720 --> 00:14:38,640
Speaker 2: if anything, he probably normalized his behavior. And beyond that,

330
00:14:38,800 --> 00:14:42,320
Speaker 2: let's remember and think about this, he has now said

331
00:14:42,320 --> 00:14:44,840
Speaker 2: it so that the politics of this are an equal

332
00:14:44,880 --> 00:14:48,720
Speaker 2: playing field. Now it may be to his immediate political

333
00:14:48,720 --> 00:14:51,800
Speaker 2: benefit for his reelection, but in the long run he

334
00:14:51,880 --> 00:14:55,360
Speaker 2: might have actually just signed away any real bargaining power.

335
00:14:55,080 --> 00:14:57,240
Speaker 4: That he has in two years if he is to

336
00:14:57,280 --> 00:14:57,800
Speaker 4: be elected.

337
00:14:58,080 --> 00:15:00,760
Speaker 2: And we shouldn't forget like you can put the shoe

338
00:15:00,920 --> 00:15:02,960
Speaker 2: on the other foot. I mean, now at this point,

339
00:15:03,000 --> 00:15:05,440
Speaker 2: what is stopping the Democrats from doing anything like this?

340
00:15:05,960 --> 00:15:07,240
Speaker 4: They basically did. There was a.

341
00:15:07,200 --> 00:15:11,080
Speaker 1: Shutdown because and they never used their power that stops it.

342
00:15:11,160 --> 00:15:13,840
Speaker 3: But there was their own reticence to do anything.

343
00:15:13,920 --> 00:15:16,520
Speaker 2: But don't forget about the government shutdown. It was like

344
00:15:16,560 --> 00:15:19,200
Speaker 2: a three week shutdown under President Trump whenever he wanted

345
00:15:19,200 --> 00:15:22,520
Speaker 2: to do border wall funding. President Chuck Schumer and Nancy

346
00:15:22,520 --> 00:15:24,720
Speaker 2: Pelosi basically stared Trump down in the eyes, and he

347
00:15:24,840 --> 00:15:27,880
Speaker 2: Trump is ultimately the one that buckled. Anyway, My point

348
00:15:27,920 --> 00:15:31,400
Speaker 2: is that these these tactics have now become so normalized,

349
00:15:31,440 --> 00:15:34,120
Speaker 2: and I think Biden may have had an opportunity to

350
00:15:34,200 --> 00:15:37,280
Speaker 2: try to get around it, which is ultimately just really

351
00:15:37,320 --> 00:15:40,400
Speaker 2: weakens the chief executive. So I'm of two minds in

352
00:15:40,480 --> 00:15:42,320
Speaker 2: terms of his suff like what he thinks.

353
00:15:42,440 --> 00:15:44,600
Speaker 1: As you know, I think this whole thing has been

354
00:15:44,600 --> 00:15:46,880
Speaker 1: a disaster. I think it played it wrong. He played

355
00:15:46,880 --> 00:15:49,040
Speaker 1: it wrong from the jump. I think the point you

356
00:15:49,120 --> 00:15:51,920
Speaker 1: made is the most important one outside of the details

357
00:15:51,920 --> 00:15:55,280
Speaker 1: of this specific deal, which is that it has normalized

358
00:15:55,280 --> 00:15:57,040
Speaker 1: this type of behavior. You can take it to the

359
00:15:57,040 --> 00:15:58,920
Speaker 1: bank that the Republicans are going to do this again

360
00:15:58,960 --> 00:16:00,800
Speaker 1: in two years of Biden as the White House. There

361
00:16:00,880 --> 00:16:05,160
Speaker 1: is no doubt about it. And there also are real

362
00:16:05,200 --> 00:16:08,120
Speaker 1: consequences even with this kind of showdown that you know

363
00:16:08,200 --> 00:16:10,360
Speaker 1: they are, Even if they are able to pass the deal,

364
00:16:10,680 --> 00:16:13,680
Speaker 1: just having this kind of kind of brinksmanship is really

365
00:16:13,760 --> 00:16:16,840
Speaker 1: damaging to the economy, let alone the very real threat

366
00:16:16,880 --> 00:16:19,760
Speaker 1: of actually going over the edge and the potential chaos

367
00:16:20,120 --> 00:16:22,560
Speaker 1: that could be unleashed for that. I mean, in some ways,

368
00:16:22,640 --> 00:16:25,320
Speaker 1: the fact that the deal doesn't have a whole lot

369
00:16:25,400 --> 00:16:28,280
Speaker 1: for Republicans. Probably the biggest win they got with significant

370
00:16:28,280 --> 00:16:31,280
Speaker 1: cuts in terms of the IRS budget, but the fact

371
00:16:31,280 --> 00:16:33,800
Speaker 1: that it was actually things that they buy and large

372
00:16:33,800 --> 00:16:36,560
Speaker 1: could have achieved through a normal appropriations process in a

373
00:16:36,640 --> 00:16:40,320
Speaker 1: sense that even more normalizes this kind of behavior because

374
00:16:40,320 --> 00:16:42,760
Speaker 1: they're willing to throw this tantrum and throw the whole

375
00:16:42,920 --> 00:16:47,200
Speaker 1: global financial system into turmoil over very very little. So

376
00:16:48,120 --> 00:16:51,440
Speaker 1: I definitely agree with you there on where we are

377
00:16:51,720 --> 00:16:57,000
Speaker 1: with a potential vote. We've seen hardening opposition from not

378
00:16:57,080 --> 00:16:59,560
Speaker 1: even like the far right of the Republican Party but

379
00:16:59,600 --> 00:17:02,720
Speaker 1: opposite is sort of spreading to more mainstream corners of

380
00:17:02,800 --> 00:17:04,280
Speaker 1: the Republican Party as well.

381
00:17:04,480 --> 00:17:05,480
Speaker 3: Put this up on the screen.

382
00:17:05,520 --> 00:17:10,160
Speaker 1: This was the whip count of the House Freedom Caucus

383
00:17:10,200 --> 00:17:14,159
Speaker 1: members who as of yesterday had come out as in

384
00:17:14,240 --> 00:17:17,879
Speaker 1: opposition to this deal, and not like, you know, tepid opposition,

385
00:17:18,000 --> 00:17:22,720
Speaker 1: but quite strident to opposition. You've got Dan Bishop, Keith Self,

386
00:17:23,000 --> 00:17:26,480
Speaker 1: Chip Roy, Ken Buck, Rolf Norman, Bob Good, Matt Rosendale,

387
00:17:26,520 --> 00:17:29,359
Speaker 1: Andy Biggs, Andrew Clyde, and Lauren Bobert. So that is

388
00:17:29,440 --> 00:17:32,680
Speaker 1: ten members who are on the record saying that they

389
00:17:32,840 --> 00:17:37,000
Speaker 1: will not vote for this thing now. And like McCarthy

390
00:17:37,000 --> 00:17:40,600
Speaker 1: can easily afford to lose ten members because Democrats look

391
00:17:40,720 --> 00:17:43,280
Speaker 1: like they are going to vote for this in overwhelming numbers.

392
00:17:43,800 --> 00:17:46,520
Speaker 1: But there are a couple of procedural hurdles that make

393
00:17:46,560 --> 00:17:48,240
Speaker 1: this a little bit trickier.

394
00:17:47,800 --> 00:17:50,520
Speaker 3: Than you might think. Because I think there's no.

395
00:17:50,440 --> 00:17:52,919
Speaker 1: Doubt at this point they have a majority of members

396
00:17:52,920 --> 00:17:54,600
Speaker 1: of the House who would vote for it. That seems

397
00:17:54,720 --> 00:17:56,680
Speaker 1: very very likely, because all you would actually need is

398
00:17:56,680 --> 00:18:00,200
Speaker 1: all the Democrats and five Republicans. But McCarthy has said

399
00:18:00,400 --> 00:18:02,040
Speaker 1: not bringing this to the floor unless I have a

400
00:18:02,160 --> 00:18:04,919
Speaker 1: majority support within the Republican caucus.

401
00:18:05,119 --> 00:18:07,080
Speaker 3: He probably has that it's a little bit of a

402
00:18:07,119 --> 00:18:08,639
Speaker 3: question mark. So there's that piece.

403
00:18:09,000 --> 00:18:11,800
Speaker 1: But even more critically, this has to go through I

404
00:18:11,840 --> 00:18:12,760
Speaker 1: mentioned this yesterday.

405
00:18:12,800 --> 00:18:14,520
Speaker 3: This has to go through the Rules Committee.

406
00:18:14,600 --> 00:18:17,840
Speaker 1: Okay, this sounds very archaic, but it becomes highly relevant

407
00:18:17,920 --> 00:18:21,480
Speaker 1: because during the negotiations between McCarthy and the House Freedom

408
00:18:21,520 --> 00:18:23,560
Speaker 1: Caucus for him to become Speaker, one of the things

409
00:18:23,560 --> 00:18:25,920
Speaker 1: they demanded is we are going to have some key

410
00:18:25,960 --> 00:18:29,399
Speaker 1: seats on that Rules Committee because it effectively controls what

411
00:18:29,560 --> 00:18:32,439
Speaker 1: can come to the floor. So put this up on

412
00:18:32,480 --> 00:18:35,679
Speaker 1: the screen. This is from Chip Roy, who is on

413
00:18:35,720 --> 00:18:38,200
Speaker 1: the Rules Committee and who is a House Freedom Caucus member.

414
00:18:38,200 --> 00:18:41,359
Speaker 1: He says a reminder that during speaker negotiations to build

415
00:18:41,400 --> 00:18:44,720
Speaker 1: the coalition that it was explicit both that nothing would

416
00:18:44,800 --> 00:18:48,880
Speaker 1: pass Rules Committee without at least seven Republican votes and

417
00:18:49,119 --> 00:18:52,000
Speaker 1: that the committee would not allow reporting out rules without

418
00:18:52,080 --> 00:18:56,800
Speaker 1: unanimous Republican votes. So he's saying that they made some agreement,

419
00:18:56,840 --> 00:18:59,000
Speaker 1: which is possible. I don't think we heard about.

420
00:18:58,720 --> 00:19:01,320
Speaker 4: This at the time. I don't think this is true.

421
00:19:01,320 --> 00:19:03,680
Speaker 1: Really, because well, remember so much of this was behind

422
00:19:03,720 --> 00:19:06,439
Speaker 1: closed doors. It's impossible to know what they actually agreed to.

423
00:19:06,720 --> 00:19:09,720
Speaker 2: McCarthy and them have come out. Not Macarthy himself, but

424
00:19:09,760 --> 00:19:11,840
Speaker 2: his allies are like that's not true. We didn't agree

425
00:19:11,840 --> 00:19:13,640
Speaker 2: to that. And then Trip Roy was actually pressed about

426
00:19:13,640 --> 00:19:16,600
Speaker 2: it last night in an interview and he was like, well,

427
00:19:16,640 --> 00:19:18,199
Speaker 2: you know, we agreed to a lot of things. It

428
00:19:18,240 --> 00:19:20,080
Speaker 2: was a handshake deal and none of it is written

429
00:19:20,080 --> 00:19:22,560
Speaker 2: down anywhere. I'm like, look, dude, as anybody who's ever

430
00:19:22,560 --> 00:19:26,679
Speaker 2: done anything in terms of contracts, especially if you're striking

431
00:19:26,680 --> 00:19:29,280
Speaker 2: a deal with somebody who you don't trust ostensibly that's

432
00:19:29,480 --> 00:19:32,280
Speaker 2: these people and McCarthy, if you don't get it in writing,

433
00:19:32,480 --> 00:19:35,600
Speaker 2: then you didn't have anything. And of course, like, look,

434
00:19:35,640 --> 00:19:39,080
Speaker 2: maybe it was dishonorable, but also maybe he didn't say it,

435
00:19:39,160 --> 00:19:41,360
Speaker 2: and he kind of hinted at it, and you took

436
00:19:41,359 --> 00:19:44,560
Speaker 2: it away something very different, and now you're getting upset

437
00:19:44,760 --> 00:19:47,520
Speaker 2: and you're coming out in public and saying something which

438
00:19:47,600 --> 00:19:49,800
Speaker 2: is not written down and which is not confirmed.

439
00:19:49,840 --> 00:19:52,080
Speaker 4: So anyway, I'm not calling him a liar.

440
00:19:52,119 --> 00:19:55,120
Speaker 2: I'm just like, maybe they misunderstood miscommunicator.

441
00:19:55,200 --> 00:19:56,840
Speaker 4: I think it's a music miscommunication.

442
00:19:57,480 --> 00:19:58,639
Speaker 3: That's sort of theoretical.

443
00:19:58,760 --> 00:20:01,560
Speaker 1: Yes, in principle, I there has to be seven votes,

444
00:20:01,600 --> 00:20:04,520
Speaker 1: but in reality, now that he needs this done, he's

445
00:20:04,560 --> 00:20:06,560
Speaker 1: going to toss that to the side. Washington Post had

446
00:20:06,600 --> 00:20:10,080
Speaker 1: some reporting about this rules committee and the numbers in

447
00:20:10,119 --> 00:20:12,159
Speaker 1: the way that they break down, can go ahead and

448
00:20:12,160 --> 00:20:13,160
Speaker 1: put this up on the screen.

449
00:20:13,160 --> 00:20:13,480
Speaker 3: They say.

450
00:20:13,480 --> 00:20:15,600
Speaker 1: This often called the Speaker's Committee because it's made up

451
00:20:15,720 --> 00:20:17,200
Speaker 1: entirely of appointees from the House.

452
00:20:17,000 --> 00:20:18,680
Speaker 3: Speaker and the Minority leader.

453
00:20:18,720 --> 00:20:21,240
Speaker 1: It's tilted in such an extreme way nine members of

454
00:20:21,280 --> 00:20:23,840
Speaker 1: the majority party just four from the minority that the

455
00:20:23,880 --> 00:20:28,120
Speaker 1: speakers always get their way here. Traditionally, the four members

456
00:20:28,160 --> 00:20:32,000
Speaker 1: of the minority always vote against whatever the majority wants.

457
00:20:32,040 --> 00:20:34,320
Speaker 1: Now that also is not written and drone. It's just

458
00:20:34,359 --> 00:20:37,720
Speaker 1: sort of like convention for whatever reason. But that also

459
00:20:37,760 --> 00:20:40,879
Speaker 1: could be changed. But you already have a number of

460
00:20:40,960 --> 00:20:43,159
Speaker 1: members here from the right who have said they are

461
00:20:43,160 --> 00:20:46,960
Speaker 1: opposed to the deal. So in all likelihood it could

462
00:20:47,000 --> 00:20:52,840
Speaker 1: be Thomas Massey, who is ideologically aligned with the deficit

463
00:20:52,880 --> 00:20:56,800
Speaker 1: hawk House Freedom Caucus, but he has been personally relatively

464
00:20:56,840 --> 00:21:00,439
Speaker 1: loyal to McCarthy. McCarthy also gave him some good in

465
00:21:00,480 --> 00:21:02,880
Speaker 1: this deal, things that he had pert like his own

466
00:21:02,960 --> 00:21:06,040
Speaker 1: personal preferences in terms of how appropriations work.

467
00:21:06,080 --> 00:21:07,440
Speaker 3: I won't get into all the.

468
00:21:07,200 --> 00:21:10,840
Speaker 1: Gory details here, but McCarthy specifically mentioned Massy. I think

469
00:21:10,880 --> 00:21:12,639
Speaker 1: because he knows he is such a key vote.

470
00:21:13,359 --> 00:21:16,640
Speaker 3: Massey hasn't said one hundred percent.

471
00:21:16,440 --> 00:21:18,600
Speaker 1: Which way he will go on the deal, but he

472
00:21:18,680 --> 00:21:21,680
Speaker 1: posted something on Twitter that indicated he was like, well,

473
00:21:21,760 --> 00:21:23,280
Speaker 1: doing this kind of deal is one way to get

474
00:21:23,320 --> 00:21:26,359
Speaker 1: things done. Another way is through the appropriations process, seeming

475
00:21:26,400 --> 00:21:29,040
Speaker 1: to indicate that he was kind of willing to accept

476
00:21:29,440 --> 00:21:31,920
Speaker 1: this direction with the idea that he would be able

477
00:21:31,920 --> 00:21:35,520
Speaker 1: to achieve more through that appropriations process modified to suit

478
00:21:35,840 --> 00:21:37,680
Speaker 1: his whims and what he has been pushing for.

479
00:21:37,880 --> 00:21:40,200
Speaker 3: So I think where.

480
00:21:39,920 --> 00:21:42,520
Speaker 1: We are is it's more likely than not that it

481
00:21:42,600 --> 00:21:45,480
Speaker 1: is going to pass. Even as you have sort of

482
00:21:45,520 --> 00:21:51,680
Speaker 1: hardening Republican opposition, you also have Ronda Santis coming out

483
00:21:52,080 --> 00:21:54,960
Speaker 1: and in opposition to the deal as well, which gives

484
00:21:55,000 --> 00:21:56,880
Speaker 1: you a sense of where the winds are blowing from

485
00:21:56,880 --> 00:22:00,520
Speaker 1: a grassroots conservative perspective. Let's take listen to what he

486
00:22:00,560 --> 00:22:01,080
Speaker 1: has to say.

487
00:22:01,320 --> 00:22:04,440
Speaker 7: Well, prior to this deal, Kaylee, our country was careening

488
00:22:04,480 --> 00:22:08,879
Speaker 7: towards bankruptcy, and after this deal, our country will still

489
00:22:08,920 --> 00:22:12,000
Speaker 7: be careening towards bankruptcy. And to say you can do

490
00:22:12,200 --> 00:22:16,320
Speaker 7: four trillion of increases in the next year and a half,

491
00:22:16,600 --> 00:22:19,800
Speaker 7: I mean that's a massive amount of spending. I think

492
00:22:19,840 --> 00:22:22,520
Speaker 7: that We've gotten ourselves on a trajectory here really since

493
00:22:22,600 --> 00:22:25,760
Speaker 7: March of twenty twenty with some of the COVID spending.

494
00:22:25,800 --> 00:22:29,040
Speaker 7: It totally reset the budget and they're sticking with that,

495
00:22:29,680 --> 00:22:31,400
Speaker 7: and I think that that's just going to be totally

496
00:22:31,400 --> 00:22:33,200
Speaker 7: inadequate to get us in a better spot.

497
00:22:33,400 --> 00:22:34,520
Speaker 3: So would you make of that soccer?

498
00:22:34,640 --> 00:22:37,199
Speaker 2: Yeah, I mean smart, because obviously the base is going

499
00:22:37,240 --> 00:22:38,960
Speaker 2: to be again, the base doesn't They want to see

500
00:22:38,960 --> 00:22:41,920
Speaker 2: Biden crushed and fail. They don't care about the substance

501
00:22:41,920 --> 00:22:43,680
Speaker 2: of it, literally at all. This goes all the way

502
00:22:43,720 --> 00:22:47,000
Speaker 2: back to twenty eleven politics. This is when the Freedom

503
00:22:47,040 --> 00:22:50,400
Speaker 2: Caucus guys were all over Fox News and Bayner actually

504
00:22:50,520 --> 00:22:52,679
Speaker 2: went to Roger Ayls and pleaded with him.

505
00:22:52,720 --> 00:22:54,960
Speaker 4: He said, please take these guys off the air.

506
00:22:55,240 --> 00:22:57,640
Speaker 2: You are destroying me. And Roger was like, hey man,

507
00:22:57,840 --> 00:23:01,600
Speaker 2: that's what the people want, and I mean he's right. Like, really,

508
00:23:01,600 --> 00:23:04,119
Speaker 2: what it is is that you have an undercurrent of

509
00:23:04,400 --> 00:23:07,600
Speaker 2: a lot of the Republican base who not interested. They

510
00:23:07,600 --> 00:23:10,520
Speaker 2: don't they wanted no wins for Obama, they want no

511
00:23:10,600 --> 00:23:13,640
Speaker 2: wins for President Biden. There's no reasons to suspect why

512
00:23:13,680 --> 00:23:17,160
Speaker 2: the dynamics have changed. Vivike Ramaswami also put out something

513
00:23:17,200 --> 00:23:18,840
Speaker 2: against it. Let's put this up there on the screen.

514
00:23:19,119 --> 00:23:21,920
Speaker 2: He's calling out quote other GOP candidates stand on the

515
00:23:21,960 --> 00:23:25,439
Speaker 2: debt ceiling. Jumping on the anti woke bandwagon is easy, true,

516
00:23:25,600 --> 00:23:27,000
Speaker 2: It is harder to take a real stand on the

517
00:23:27,040 --> 00:23:30,160
Speaker 2: hard stuff debt deal, bank bailouts, pardoning, peaceful Jan six

518
00:23:30,160 --> 00:23:33,640
Speaker 2: protesters criticizing the Trump indictment exiting Ukraine. If you can't

519
00:23:33,640 --> 00:23:35,600
Speaker 2: speak candidly here at home, you're not ready to sit

520
00:23:35,640 --> 00:23:37,280
Speaker 2: across the table from shishingping.

521
00:23:37,440 --> 00:23:38,440
Speaker 4: So that's where we're at.

522
00:23:38,480 --> 00:23:42,200
Speaker 2: You know, right now we have the vivid Ramaswami and

523
00:23:42,200 --> 00:23:43,760
Speaker 2: Governor DeSantis out against it.

524
00:23:43,840 --> 00:23:44,800
Speaker 4: Crystal Our show.

525
00:23:44,920 --> 00:23:48,399
Speaker 2: We waited and held out for a Trump's statement, and

526
00:23:48,720 --> 00:23:51,520
Speaker 2: we have not yet received anything. President Trump has not

527
00:23:51,520 --> 00:23:54,160
Speaker 2: put out anything about this. Haven't seen Nicki Haley Way

528
00:23:54,160 --> 00:23:55,920
Speaker 2: and haven't seen Tim Scott Way in either.

529
00:23:56,080 --> 00:23:58,040
Speaker 4: Interesting because Scott actually.

530
00:23:57,680 --> 00:23:59,679
Speaker 2: Does have to vote them out on it, So that

531
00:23:59,760 --> 00:24:03,240
Speaker 2: will will be very very interesting to see which way

532
00:24:03,280 --> 00:24:05,960
Speaker 2: he decides to go, because that will be an indicator

533
00:24:06,000 --> 00:24:07,679
Speaker 2: of presidential politics overall.

534
00:24:07,720 --> 00:24:10,080
Speaker 4: I actually thought it was a smart move for DeSantis.

535
00:24:10,119 --> 00:24:13,760
Speaker 2: I increasingly and viewing him as the Ted Cruz of

536
00:24:13,800 --> 00:24:17,520
Speaker 2: the race. He is running against Trump from the right,

537
00:24:17,880 --> 00:24:22,199
Speaker 2: from a true conservative, kind of a true conservative like

538
00:24:22,320 --> 00:24:25,400
Speaker 2: ideological lens. People shouldn't confuse this with political talent because

539
00:24:25,400 --> 00:24:27,919
Speaker 2: it's not the same thing. So his attacks on Trump

540
00:24:28,160 --> 00:24:30,880
Speaker 2: are very much Cruz esque. And don't forget this either.

541
00:24:31,160 --> 00:24:33,560
Speaker 2: Ted Cruz came in second in the GOP primary one

542
00:24:33,600 --> 00:24:35,639
Speaker 2: the second and most amount of votes, and frankly was

543
00:24:35,680 --> 00:24:39,760
Speaker 2: probably the single most credible candidate other than Trump in

544
00:24:39,800 --> 00:24:43,000
Speaker 2: twenty sixteen, So it's not a bad play considering how

545
00:24:43,000 --> 00:24:45,240
Speaker 2: it went down. Also, he did lose, though, so you

546
00:24:45,280 --> 00:24:47,960
Speaker 2: know it's corre gets complicated.

547
00:24:47,480 --> 00:24:50,680
Speaker 1: Correct, he did lose. Ted Cruz notably also has come

548
00:24:50,680 --> 00:24:53,320
Speaker 1: out against the deal. So to your point about DeSantis

549
00:24:53,320 --> 00:24:55,639
Speaker 1: being in the Ted Cruise lane, I think that is true.

550
00:24:55,920 --> 00:24:59,679
Speaker 1: DeSantis's attacks on Trump have a twenty sixteen Ted Cruz

551
00:24:59,800 --> 00:25:02,399
Speaker 1: sc echo. The other comparison that's been made is like

552
00:25:02,440 --> 00:25:04,639
Speaker 1: to Elizabeth Warren with the wine track, like I got

553
00:25:04,680 --> 00:25:06,280
Speaker 1: a plan for that kind of vibe. There's a little

554
00:25:06,280 --> 00:25:10,520
Speaker 1: bit of that going on too. But I think with Trump,

555
00:25:10,680 --> 00:25:15,080
Speaker 1: you'll recall a little while ago he was sounding very

556
00:25:15,160 --> 00:25:17,600
Speaker 1: you know, tough about the debt ceiling, deal, he said,

557
00:25:17,640 --> 00:25:20,400
Speaker 1: I say to the Republicans out there, Congressman, senators, if

558
00:25:20,400 --> 00:25:22,439
Speaker 1: they don't give you massive cuts, you're going to have

559
00:25:22,560 --> 00:25:24,880
Speaker 1: to do a default. And I don't believe they're going

560
00:25:24,920 --> 00:25:28,320
Speaker 1: to do default because sorry, an ad popped up, because

561
00:25:28,320 --> 00:25:30,680
Speaker 1: I think the Democrats will absolutely cave. Will absolutely kay,

562
00:25:30,720 --> 00:25:32,320
Speaker 1: because you don't want to have that happen. But it's

563
00:25:32,359 --> 00:25:34,160
Speaker 1: better than what we're doing right now because we're spending

564
00:25:34,160 --> 00:25:36,440
Speaker 1: money like druggon sailors. I mean, put aside the fact

565
00:25:36,480 --> 00:25:38,800
Speaker 1: that this man blew up the deficit like crazy with

566
00:25:38,880 --> 00:25:41,439
Speaker 1: his virgin tax cuts for the rich. But you know,

567
00:25:41,520 --> 00:25:44,480
Speaker 1: he was sounding really like Hawka, Sean, we're willing to

568
00:25:45,080 --> 00:25:46,680
Speaker 1: we're willing to go over the cliff and we got

569
00:25:46,720 --> 00:25:48,840
Speaker 1: to do it, and we're spending too much. So it's

570
00:25:48,920 --> 00:25:51,199
Speaker 1: very notable that now that a deal is struck, not

571
00:25:51,400 --> 00:25:52,360
Speaker 1: a word from him.

572
00:25:52,400 --> 00:25:53,640
Speaker 3: And it's not an accident.

573
00:25:53,720 --> 00:25:56,639
Speaker 1: I mean, he's in this tough political mind because he,

574
00:25:56,840 --> 00:25:58,600
Speaker 1: better than anyone, has his finger on.

575
00:25:58,560 --> 00:25:59,920
Speaker 3: The pulse of the Republican base.

576
00:26:00,240 --> 00:26:02,560
Speaker 1: He knows the popular thing to do would be to

577
00:26:02,600 --> 00:26:05,280
Speaker 1: say this is a bad deal and we shouldn't accept it,

578
00:26:05,320 --> 00:26:07,800
Speaker 1: and it's a disaster. And we're gonna you know, et cetera,

579
00:26:07,840 --> 00:26:12,200
Speaker 1: et cetera. But he also has backed Kevin McCarthy and

580
00:26:12,280 --> 00:26:14,760
Speaker 1: you know, calls him by Kevin and helped him get

581
00:26:14,800 --> 00:26:17,440
Speaker 1: over the finish line in terms of the speaker's race.

582
00:26:17,920 --> 00:26:20,720
Speaker 1: So he doesn't necessarily want to go against someone who

583
00:26:20,760 --> 00:26:22,920
Speaker 1: has turned into a key ally for him and who

584
00:26:22,960 --> 00:26:25,880
Speaker 1: he is bolstered. So he has calculated that the safest

585
00:26:25,880 --> 00:26:27,760
Speaker 1: move for him is just to zip it and keep

586
00:26:27,800 --> 00:26:30,600
Speaker 1: his mouth shut. Uncharacteristic wisdom there from President.

587
00:26:30,800 --> 00:26:34,159
Speaker 2: My suspicion is that Trump desperately wants a tweet against it,

588
00:26:34,200 --> 00:26:36,520
Speaker 2: and that McCarthy called him and begged him not to that.

589
00:26:36,840 --> 00:26:38,399
Speaker 4: If I had to bet money, I bet you that

590
00:26:38,760 --> 00:26:39,840
Speaker 4: that is what has happened.

591
00:26:39,880 --> 00:26:42,840
Speaker 1: My expectation as well, because that is the one thing.

592
00:26:43,880 --> 00:26:47,240
Speaker 1: If Trump came out really strongly against this deal could

593
00:26:47,240 --> 00:26:50,600
Speaker 1: be dead, could actually sink it, and it could really

594
00:26:50,640 --> 00:26:54,040
Speaker 1: put the speaker's gavel on the line for McCarthy as

595
00:26:54,040 --> 00:26:57,480
Speaker 1: well if he continued to push forward. So yeah, I

596
00:26:57,520 --> 00:27:02,080
Speaker 1: think it's a giant gift to Kevin McCarthy and massively

597
00:27:02,119 --> 00:27:05,320
Speaker 1: increases the likelihood that this deal will get through. That

598
00:27:05,359 --> 00:27:08,000
Speaker 1: Trump has remained silent, which also shows you the pull

599
00:27:08,080 --> 00:27:10,240
Speaker 1: that he has with the Republican base and the Republican

600
00:27:10,280 --> 00:27:13,720
Speaker 1: caucus continuing versus Ron DeSantis, who can come out and

601
00:27:13,760 --> 00:27:16,040
Speaker 1: say this and you're still likely to have a bulk

602
00:27:16,040 --> 00:27:17,600
Speaker 1: of the caucus be like yeah, but we're going to

603
00:27:17,640 --> 00:27:18,359
Speaker 1: go along with it.

604
00:27:18,440 --> 00:27:21,600
Speaker 3: So wanted to flag this. This is kind of interesting.

605
00:27:21,680 --> 00:27:24,440
Speaker 1: So obviously we've been focused a lot on AI, on

606
00:27:24,560 --> 00:27:29,080
Speaker 1: chat GPT, on these large language models. We talked yesterday

607
00:27:29,240 --> 00:27:33,359
Speaker 1: about these couple of instances where you had a professor

608
00:27:33,480 --> 00:27:37,400
Speaker 1: assigned to his students, this assignment where they were supposed

609
00:27:37,440 --> 00:27:40,960
Speaker 1: to generate an essay from chat gpt and then fact

610
00:27:41,040 --> 00:27:43,639
Speaker 1: check it, and every single one of the students was

611
00:27:43,640 --> 00:27:47,840
Speaker 1: like sixty papers found glaring just they call them hallucinations.

612
00:27:47,960 --> 00:27:49,719
Speaker 3: Chat GPT just made stuff up.

613
00:27:50,320 --> 00:27:54,440
Speaker 1: And there was a lawyer that foolishly relied on chat

614
00:27:54,480 --> 00:27:58,320
Speaker 1: GPT to create a legal brief and chat GPT just

615
00:27:58,440 --> 00:28:02,719
Speaker 1: invented like a dozen different cases to back up whatever

616
00:28:02,840 --> 00:28:06,160
Speaker 1: claim this lawyer was trying to make all completely fake,

617
00:28:06,560 --> 00:28:10,199
Speaker 1: you know, completely fabricated. So there are a lot of

618
00:28:10,240 --> 00:28:13,919
Speaker 1: problems still with chat GPT, the LMS in general, AI,

619
00:28:14,040 --> 00:28:16,320
Speaker 1: et cetera. So we've been talking about, Okay, what it

620
00:28:16,320 --> 00:28:18,199
Speaker 1: would look like to regulate this stuff and what are

621
00:28:18,200 --> 00:28:21,440
Speaker 1: the dangers, et cetera. And our general view has been,

622
00:28:21,520 --> 00:28:23,639
Speaker 1: all right, lawmakers don't really have their heads wrapped out

623
00:28:23,680 --> 00:28:25,439
Speaker 1: on this. They don't really understand it, and they're not

624
00:28:25,480 --> 00:28:28,200
Speaker 1: really taking actions that they need to figure out how

625
00:28:28,240 --> 00:28:29,800
Speaker 1: to have AI.

626
00:28:29,600 --> 00:28:32,080
Speaker 3: That is actually beneficial for humanity.

627
00:28:32,280 --> 00:28:36,480
Speaker 1: Well tucked into this debt sealing deal, there actually was

628
00:28:36,800 --> 00:28:40,880
Speaker 1: some language about AI, but rather than being like, let's

629
00:28:40,880 --> 00:28:43,600
Speaker 1: curtail it AI, it was like, let's see how it

630
00:28:43,640 --> 00:28:46,640
Speaker 1: goes to incorporate this more into government and to try

631
00:28:46,640 --> 00:28:49,800
Speaker 1: to quote unquote streamline the process for these environmental impact

632
00:28:49,840 --> 00:28:53,520
Speaker 1: assessments by using AI. So David Day and Flagg this,

633
00:28:53,680 --> 00:28:55,800
Speaker 1: take a look at what we've got here. So he says,

634
00:28:55,800 --> 00:28:57,840
Speaker 1: you could certainly read this part of the permitting section

635
00:28:57,920 --> 00:28:59,880
Speaker 1: of the debt ceiling bill as studying the fees of

636
00:29:00,000 --> 00:29:04,080
Speaker 1: ability of AI reviews for this National Environmental Policy Act,

637
00:29:04,080 --> 00:29:07,200
Speaker 1: which based on current technology, probably goes well as AI

638
00:29:07,320 --> 00:29:10,120
Speaker 1: legal briefs, which is what I just refer to keep

639
00:29:10,160 --> 00:29:11,880
Speaker 1: this up on the screen. I'll just read the language

640
00:29:11,880 --> 00:29:13,720
Speaker 1: here and that it's a little bit technical. They say

641
00:29:13,720 --> 00:29:17,200
Speaker 1: permitting Portal study that counts on environmental quality shall conduct

642
00:29:17,200 --> 00:29:19,239
Speaker 1: a study and submit a report to Congress within one

643
00:29:19,320 --> 00:29:21,760
Speaker 1: year of the enactment of this Act on the potential

644
00:29:21,760 --> 00:29:24,920
Speaker 1: for online and digital technologies to address delays and reviews

645
00:29:24,960 --> 00:29:28,520
Speaker 1: and improve public accessibility and transparency under Section one or

646
00:29:28,560 --> 00:29:31,720
Speaker 1: two to see of the National Environmental Policy Act, including

647
00:29:31,920 --> 00:29:35,360
Speaker 1: but not limited to a unified permitting portal.

648
00:29:35,640 --> 00:29:37,280
Speaker 3: And then it goes on from there. So what do

649
00:29:37,280 --> 00:29:38,200
Speaker 3: you make of this saga?

650
00:29:38,280 --> 00:29:39,800
Speaker 4: Yeah, it's pretty interesting.

651
00:29:39,840 --> 00:29:42,200
Speaker 2: I mean, at the same one the hand, it's not

652
00:29:42,320 --> 00:29:44,800
Speaker 2: like a definitive we're going to use AI, but it's

653
00:29:44,840 --> 00:29:48,160
Speaker 2: more about appropriating government funds and saying that we will

654
00:29:48,200 --> 00:29:54,000
Speaker 2: conductudy a study for the potential for online and digital technologies. Now,

655
00:29:54,200 --> 00:29:56,400
Speaker 2: once again, the reason why we should all be just

656
00:29:56,440 --> 00:29:59,480
Speaker 2: a little bit suspect on this is that it means

657
00:29:59,560 --> 00:30:02,520
Speaker 2: like we will see a total fusion of AI and

658
00:30:02,560 --> 00:30:06,160
Speaker 2: government in the future, which if possible. If it's good,

659
00:30:06,240 --> 00:30:09,320
Speaker 2: like maybe that will make it more effective. If it's bad,

660
00:30:09,480 --> 00:30:11,960
Speaker 2: it will be just as bad as the lawyer brief.

661
00:30:12,000 --> 00:30:13,719
Speaker 2: Given the history of the government here, I'm just going

662
00:30:13,760 --> 00:30:16,480
Speaker 2: to go ahead and say I'm a bit skeptical as

663
00:30:16,520 --> 00:30:18,760
Speaker 2: to how this is going to go. And also in

664
00:30:18,840 --> 00:30:21,040
Speaker 2: terms of the content. I mean, we've already gottene over

665
00:30:21,080 --> 00:30:22,920
Speaker 2: this so many times. But you know, when you think

666
00:30:22,960 --> 00:30:25,080
Speaker 2: about the tax system, it's like, what if the IRS

667
00:30:25,160 --> 00:30:27,600
Speaker 2: sends you a bill and like you owe five you know, you.

668
00:30:27,600 --> 00:30:29,320
Speaker 4: Have no ability to contest that.

669
00:30:29,520 --> 00:30:32,160
Speaker 2: Or for example, we live in the state of Virginia

670
00:30:32,240 --> 00:30:34,120
Speaker 2: where they you know, this is one of those insane

671
00:30:34,120 --> 00:30:36,080
Speaker 2: states where they decide to tax your car like the

672
00:30:36,120 --> 00:30:38,240
Speaker 2: property of your car, and they send you a bill

673
00:30:38,280 --> 00:30:39,760
Speaker 2: based on the assessed value.

674
00:30:39,880 --> 00:30:41,760
Speaker 4: You have no ability to contest that.

675
00:30:41,840 --> 00:30:44,440
Speaker 2: You're like, well, actually the market is different, or oh

676
00:30:44,520 --> 00:30:46,760
Speaker 2: actually it has there's like no, They're like, this is

677
00:30:46,800 --> 00:30:49,760
Speaker 2: what you owe us. And that seems very likely to

678
00:30:49,840 --> 00:30:52,800
Speaker 2: be the type of scenario where the environmental impact review,

679
00:30:52,960 --> 00:30:55,760
Speaker 2: for example, I think environmental impact of views can be important.

680
00:30:55,760 --> 00:30:57,920
Speaker 2: I also think they even dramatically misused. There's a recent

681
00:30:57,920 --> 00:31:01,000
Speaker 2: Supreme Court case that was around this, around the couple

682
00:31:01,040 --> 00:31:03,760
Speaker 2: that want to build something on their properties. Complicated, But

683
00:31:03,800 --> 00:31:05,520
Speaker 2: my point is that you could see in the future

684
00:31:05,520 --> 00:31:08,880
Speaker 2: where AI or some government program just looks at input

685
00:31:08,960 --> 00:31:11,440
Speaker 2: output variables are like Nope, that's actually just not we're

686
00:31:11,440 --> 00:31:13,240
Speaker 2: going to do, and then you have to spend years

687
00:31:13,280 --> 00:31:15,320
Speaker 2: of your life, as this one couple did, having to

688
00:31:15,360 --> 00:31:17,880
Speaker 2: fight it in the Supreme Court and they spend sixteen

689
00:31:17,920 --> 00:31:20,160
Speaker 2: years in court and they won nine oh you know,

690
00:31:20,200 --> 00:31:22,040
Speaker 2: but they had to wait sixteen years to try and

691
00:31:22,080 --> 00:31:24,400
Speaker 2: build something on their own property. Yes, that's an example

692
00:31:24,480 --> 00:31:27,320
Speaker 2: of like, that's how the STEM already is with humans

693
00:31:27,320 --> 00:31:28,960
Speaker 2: involved with technology.

694
00:31:29,040 --> 00:31:29,800
Speaker 4: Like who knows what.

695
00:31:29,760 --> 00:31:32,160
Speaker 1: You're pointing to here is that you already have a

696
00:31:32,240 --> 00:31:38,480
Speaker 1: problem with faceless, unaccountable bureaucracy within the government, and adding

697
00:31:38,520 --> 00:31:42,720
Speaker 1: a layer of even more mysterious and unaccountable tech is

698
00:31:42,920 --> 00:31:46,520
Speaker 1: unlikely to improve that viguaction. I think the other piece

699
00:31:46,560 --> 00:31:49,280
Speaker 1: here that it makes me think about is just you know,

700
00:31:49,840 --> 00:31:53,480
Speaker 1: they Washington is stacked with lobbyists who are all advocating

701
00:31:53,480 --> 00:31:56,360
Speaker 1: for the interest of companies like Microsoft, for example, which

702
00:31:56,400 --> 00:32:00,360
Speaker 1: obviously is placing a big bet on AI, and they're

703
00:32:00,360 --> 00:32:04,160
Speaker 1: constantly working to get these little provisions stuck in that

704
00:32:04,240 --> 00:32:07,160
Speaker 1: almost no one notices. And so at the same time

705
00:32:07,200 --> 00:32:09,360
Speaker 1: that we're going, all right, what are lawmakers, like, how

706
00:32:09,400 --> 00:32:10,880
Speaker 1: are they going to grapple with AI? And what are

707
00:32:10,880 --> 00:32:14,320
Speaker 1: they going to do while we are having that public conversation.

708
00:32:14,480 --> 00:32:18,560
Speaker 1: Behind the scenes, Microsoft or whatever other companies have an

709
00:32:18,640 --> 00:32:22,080
Speaker 1: interest in plugging AI into federal government as this new

710
00:32:22,200 --> 00:32:26,400
Speaker 1: giant customer. They are working to get their provisions in

711
00:32:26,800 --> 00:32:28,560
Speaker 1: like their thing is very effective.

712
00:32:28,640 --> 00:32:31,880
Speaker 3: So, you know, is this like the end of the world.

713
00:32:32,080 --> 00:32:34,960
Speaker 1: Is it a huge deal to have this study into

714
00:32:35,240 --> 00:32:39,360
Speaker 1: using AI within the permitting process? Probably not, although again,

715
00:32:39,360 --> 00:32:42,640
Speaker 1: as David Dan points out, it's not just explicitly limited

716
00:32:42,720 --> 00:32:44,360
Speaker 1: to that. They said that, you know, it could go

717
00:32:44,480 --> 00:32:47,120
Speaker 1: beyond that. But I do think it's very telling about

718
00:32:47,160 --> 00:32:49,200
Speaker 1: some of the dangers here, some of the ways that

719
00:32:49,240 --> 00:32:53,120
Speaker 1: this could become omnipresent without any of us even intending

720
00:32:53,160 --> 00:32:56,000
Speaker 1: to or noticing, and also just the way that Washington

721
00:32:56,040 --> 00:32:56,680
Speaker 1: works in general.

722
00:32:57,000 --> 00:33:02,360
Speaker 4: Absolutely well said. Okay, let's go to the next part here.

723
00:33:02,680 --> 00:33:06,080
Speaker 2: My own home state of Texas, lots of stuff going on.

724
00:33:06,160 --> 00:33:09,880
Speaker 2: A historic event, the Texas a Journey Attorney General has

725
00:33:09,920 --> 00:33:14,720
Speaker 2: been impeached by the Texas House of Representatives, of which

726
00:33:14,760 --> 00:33:16,880
Speaker 2: a trial will now take place in the Senate. The

727
00:33:16,920 --> 00:33:19,680
Speaker 2: impeachment process is very much like our own for the

728
00:33:19,680 --> 00:33:22,120
Speaker 2: President of the United States, and he will be put

729
00:33:22,160 --> 00:33:24,800
Speaker 2: on trial before the Senate and be tried the jurors

730
00:33:24,840 --> 00:33:27,640
Speaker 2: will be the Senators themselves who will eventually go ahead

731
00:33:27,680 --> 00:33:30,040
Speaker 2: and vote. So let's actually get into the details. What

732
00:33:30,200 --> 00:33:32,840
Speaker 2: she covered this quite a long time ago on rising

733
00:33:32,880 --> 00:33:38,280
Speaker 2: whenever the FBI launched investigation into Ken Paxton. This one

734
00:33:38,400 --> 00:33:42,200
Speaker 2: is actually more consequential and important because not only is

735
00:33:42,240 --> 00:33:45,000
Speaker 2: it taking place in the state of Texas, but is

736
00:33:45,040 --> 00:33:49,160
Speaker 2: directly being led by investigators attached to the House of

737
00:33:49,240 --> 00:33:53,480
Speaker 2: which they launched their own investigation and impeach Paxston based

738
00:33:53,520 --> 00:33:57,040
Speaker 2: upon the findings of that investigation, not the FBI investigation.

739
00:33:57,120 --> 00:33:59,200
Speaker 4: Let's put the details up here on the screen. This

740
00:33:59,280 --> 00:34:00,720
Speaker 4: is from the Texas Tribune.

741
00:34:00,800 --> 00:34:04,000
Speaker 2: So the Texas Tribune lays out there are over twenty

742
00:34:04,080 --> 00:34:08,600
Speaker 2: impeachment articles that were actually filed against Ken Paxson. Almost

743
00:34:08,640 --> 00:34:12,120
Speaker 2: all of it goes back to a gentleman by the name.

744
00:34:12,040 --> 00:34:13,040
Speaker 4: Of Nate Paul.

745
00:34:13,200 --> 00:34:17,080
Speaker 2: So Paul is an Austin real estate investor, as a

746
00:34:17,120 --> 00:34:20,160
Speaker 2: friend and a political donor to Paxson. What the Texas

747
00:34:20,200 --> 00:34:24,560
Speaker 2: House alleges is that Paxton, in his capacity as the

748
00:34:24,560 --> 00:34:28,680
Speaker 2: Attorney General of the State of Texas, basically pursued actions

749
00:34:28,680 --> 00:34:33,719
Speaker 2: that were beneficial to Paul abused his official capacity, including

750
00:34:33,800 --> 00:34:37,560
Speaker 2: diverting senior employees to perform work that benefited Paul some

751
00:34:37,600 --> 00:34:41,160
Speaker 2: seventy two thousand dollars in taxpayer funded labor costs, misuse

752
00:34:41,160 --> 00:34:45,520
Speaker 2: of public information allegedly providing Paul with an internal FBI

753
00:34:45,560 --> 00:34:49,960
Speaker 2: file related to an investigation into that developer, misapplication of

754
00:34:50,040 --> 00:34:54,239
Speaker 2: fit fiduciary property for allegedly hiring an outside lore of

755
00:34:54,280 --> 00:34:57,680
Speaker 2: twenty five thousand dollars to work inside the Attorney General's

756
00:34:57,680 --> 00:34:59,960
Speaker 2: office without the knowledge or the consent of senior staff,

757
00:35:00,280 --> 00:35:04,560
Speaker 2: to perform work that principally benefited Paul himself. They also

758
00:35:04,719 --> 00:35:11,840
Speaker 2: allege that Paul, as return for favors, helped basically helped

759
00:35:12,120 --> 00:35:15,319
Speaker 2: update the house of Ken Paxon that he was living in,

760
00:35:15,680 --> 00:35:18,800
Speaker 2: and in some of the salacious details, it also hired

761
00:35:18,840 --> 00:35:21,200
Speaker 2: a woman who Packson allegedly had.

762
00:35:21,200 --> 00:35:24,240
Speaker 1: Not alleged think it's acknowledged. I don't even think it's allegedly.

763
00:35:24,080 --> 00:35:27,320
Speaker 4: Had an extra extra marital affair with. So it's messy.

764
00:35:27,520 --> 00:35:30,319
Speaker 2: I guess, as the kid say about what's happening here

765
00:35:30,400 --> 00:35:33,160
Speaker 2: with this situation. Like I said, the charges that I

766
00:35:33,239 --> 00:35:35,200
Speaker 2: laid out, those are just the felony charges. They don't

767
00:35:35,200 --> 00:35:37,560
Speaker 2: include everything, but they're probably the most serious.

768
00:35:37,840 --> 00:35:40,960
Speaker 1: Yeah, well, the other piece of this is so you know,

769
00:35:41,080 --> 00:35:43,560
Speaker 1: allegedly he was engaging and all of this just like

770
00:35:43,680 --> 00:35:47,120
Speaker 1: over the top favoritism and giving out of government favors

771
00:35:47,120 --> 00:35:49,400
Speaker 1: and even using his own staff to do work for

772
00:35:49,480 --> 00:35:52,960
Speaker 1: this developer, etc. And getting things in return like having

773
00:35:53,040 --> 00:35:55,560
Speaker 1: him hire this woman that he was sleeping with and

774
00:35:55,600 --> 00:35:59,000
Speaker 1: bringing her to Austin and doing a flori to ceiling

775
00:35:59,040 --> 00:36:02,600
Speaker 1: renovation of his home. Okay, so very clear like favor

776
00:36:02,640 --> 00:36:07,040
Speaker 1: trading here. And there were whistleblowers within his own office.

777
00:36:07,520 --> 00:36:11,239
Speaker 1: These are not like liberals, These are conservative Texas Republicans

778
00:36:11,719 --> 00:36:16,040
Speaker 1: who were whistleblowers about this misconduct and he fired them,

779
00:36:16,080 --> 00:36:19,120
Speaker 1: which is also illegal under Texas law. So it's both

780
00:36:19,160 --> 00:36:21,600
Speaker 1: the crime and it's the cover up and the retaliation

781
00:36:21,800 --> 00:36:25,799
Speaker 1: against these whistleblowers. That is that is you know, at

782
00:36:25,840 --> 00:36:27,960
Speaker 1: stake here and at issue here. It really is a

783
00:36:27,960 --> 00:36:33,480
Speaker 1: pretty grotesque alleged pattern of misbehavior and just incredibly brazen

784
00:36:34,360 --> 00:36:37,279
Speaker 1: the level of favors and you know trading that he

785
00:36:37,400 --> 00:36:39,880
Speaker 1: was willing to do with this Austin based developer. I

786
00:36:39,920 --> 00:36:42,640
Speaker 1: feel like the developers oftentimes like these are these you know,

787
00:36:42,680 --> 00:36:46,000
Speaker 1: the Cuoma there was stuff with the developers too, Like

788
00:36:46,480 --> 00:36:50,120
Speaker 1: it does show you how much financially you can gain

789
00:36:50,600 --> 00:36:53,879
Speaker 1: from having someone who's on the inside, like clear the

790
00:36:53,920 --> 00:36:56,279
Speaker 1: red tape for you and give you a leg up

791
00:36:56,320 --> 00:36:58,920
Speaker 1: in terms of the bidding process, and all of that

792
00:36:58,960 --> 00:36:59,839
Speaker 1: stuff go on.

793
00:37:00,360 --> 00:37:03,600
Speaker 2: Wherever you live, Go look at who donates to the

794
00:37:03,640 --> 00:37:07,560
Speaker 2: local politicians, people like comptroller, mayor and all that. Nine

795
00:37:07,600 --> 00:37:08,759
Speaker 2: out of ten of them are going to be the

796
00:37:08,800 --> 00:37:11,680
Speaker 2: biggest city contractors almost every single where I'm from.

797
00:37:11,719 --> 00:37:13,600
Speaker 4: That's the case, especially in Texas.

798
00:37:13,840 --> 00:37:16,200
Speaker 1: That's the matter if it's Democrats or Republicans. So they'll

799
00:37:16,239 --> 00:37:18,880
Speaker 1: donate both sides of the aisles to believe people opportunity.

800
00:37:18,960 --> 00:37:19,560
Speaker 3: Yeah, they don't care.

801
00:37:19,600 --> 00:37:21,560
Speaker 2: You think they build those houses you know, for free,

802
00:37:21,719 --> 00:37:23,839
Speaker 2: or those roads or any of those other infrastructure, those

803
00:37:23,880 --> 00:37:26,760
Speaker 2: no big contracts or those sweet deals, all the kickbacks.

804
00:37:26,800 --> 00:37:28,439
Speaker 4: It's like in the shosh Ank redemption. Man.

805
00:37:28,560 --> 00:37:30,239
Speaker 2: Let's go to the next part here, just about the

806
00:37:30,280 --> 00:37:32,959
Speaker 2: actual vote, because the vote itself was stunning. The House

807
00:37:32,960 --> 00:37:35,600
Speaker 2: actually voted one hundred and twenty one to twenty three

808
00:37:35,960 --> 00:37:37,960
Speaker 2: to suspend the Attorney General and refer to him to

809
00:37:38,000 --> 00:37:41,040
Speaker 2: the Senate for trial. The first impeachment in the Texas

810
00:37:41,080 --> 00:37:46,640
Speaker 2: House since nineteen seventy five, you know, and this shows

811
00:37:46,680 --> 00:37:51,120
Speaker 2: you that impeachment was also supported by sixty Republicans. It

812
00:37:51,239 --> 00:37:55,040
Speaker 2: wasn't all just Democrats, including the speaker of the Texas House,

813
00:37:55,320 --> 00:37:58,440
Speaker 2: who himself was involved in a spate with packs and

814
00:37:58,440 --> 00:38:00,520
Speaker 2: packs and accused him of being drunk and actually called

815
00:38:00,520 --> 00:38:02,960
Speaker 2: for him to be impeached. So obviously this has all

816
00:38:02,960 --> 00:38:05,040
Speaker 2: been you know, behind the scenes. This has been building

817
00:38:05,280 --> 00:38:08,520
Speaker 2: now for quite a period of time. Eventually we will

818
00:38:08,560 --> 00:38:11,120
Speaker 2: see how the vote falls in the Senate. But I mean,

819
00:38:11,640 --> 00:38:14,880
Speaker 2: I'm not quite sure yet that he's done. And I

820
00:38:14,920 --> 00:38:19,200
Speaker 2: think the reason is that he obviously beat he was

821
00:38:19,440 --> 00:38:24,040
Speaker 2: the ability to beat the FBI investigation once the Senate

822
00:38:24,239 --> 00:38:26,600
Speaker 2: may not have as I understand, and I asked some

823
00:38:26,640 --> 00:38:28,759
Speaker 2: people back in Texas and they were like, well, it's

824
00:38:28,800 --> 00:38:30,839
Speaker 2: not going to be necessarily as much of a slam, donk.

825
00:38:30,880 --> 00:38:32,839
Speaker 4: It'll be closer in terms of a vote.

826
00:38:32,880 --> 00:38:34,920
Speaker 2: At least that's where things currently stand, you know, with

827
00:38:35,040 --> 00:38:37,759
Speaker 2: the information that we have right now, he still does

828
00:38:37,880 --> 00:38:40,000
Speaker 2: have a lot of political support.

829
00:38:39,760 --> 00:38:40,440
Speaker 4: In the state.

830
00:38:40,880 --> 00:38:44,640
Speaker 2: And the reason why is because Trump loves Ken Paxson

831
00:38:44,680 --> 00:38:47,640
Speaker 2: put this up there. He has actually slammed Texas quote

832
00:38:47,719 --> 00:38:51,719
Speaker 2: Rhinos over the impeachment effort. He went ahead and actually

833
00:38:51,760 --> 00:38:55,879
Speaker 2: praised Ken Paxton and condemned the quote radical left Democrats

834
00:38:56,080 --> 00:38:58,839
Speaker 2: and the Rhinos for voting against him. As he says,

835
00:38:58,880 --> 00:39:00,960
Speaker 2: I love Texas, I want it to twice watched as

836
00:39:01,000 --> 00:39:04,600
Speaker 2: many other friends, including Ken Paxson, one came alongside me.

837
00:39:04,840 --> 00:39:07,360
Speaker 2: Hopefully Republicans in the Texas House will agree this is

838
00:39:07,360 --> 00:39:09,520
Speaker 2: an unfair process that should not be allowed to happen

839
00:39:09,760 --> 00:39:10,280
Speaker 2: or proceed.

840
00:39:10,360 --> 00:39:12,080
Speaker 4: I will fight you if it does.

841
00:39:12,200 --> 00:39:14,279
Speaker 2: That's part of the reason why some people think things

842
00:39:14,280 --> 00:39:15,880
Speaker 2: could happen or change in the Senate.

843
00:39:16,200 --> 00:39:16,520
Speaker 4: Yeah.

844
00:39:16,560 --> 00:39:20,640
Speaker 2: Also, Paxon has the support of Senator Ted Cruz. He says,

845
00:39:20,680 --> 00:39:22,960
Speaker 2: quote what is happening to Ken Paxson as a travesty.

846
00:39:23,280 --> 00:39:25,160
Speaker 2: For the last nine years, Ken has been the strongest

847
00:39:25,160 --> 00:39:28,040
Speaker 2: conservative ag in the country, bar none. No attorney general

848
00:39:28,040 --> 00:39:30,880
Speaker 2: has battled the abuses of the Biden administration more ferociously

849
00:39:30,880 --> 00:39:34,040
Speaker 2: than Ken Paxson. Virtually all the informations in articles were

850
00:39:34,040 --> 00:39:36,759
Speaker 2: public before election day. Voters chose to re elect Ken

851
00:39:36,800 --> 00:39:39,160
Speaker 2: Paxson by a large margin. In my view, the Texas

852
00:39:39,239 --> 00:39:42,520
Speaker 2: Legislature should then respect the House of the Texas voters.

853
00:39:42,560 --> 00:39:45,440
Speaker 2: So there you go, he's got support from Ted Cruz,

854
00:39:45,440 --> 00:39:46,640
Speaker 2: he's got support from Trump.

855
00:39:46,920 --> 00:39:49,319
Speaker 4: I still think he might he might survive. I really do.

856
00:39:49,600 --> 00:39:51,960
Speaker 1: I actually think you probably will survive. You need a

857
00:39:52,000 --> 00:39:55,920
Speaker 1: two thirds vote in the Senate to convict. And apparently

858
00:39:55,920 --> 00:39:57,520
Speaker 1: I did some digging, and so I was like, what's

859
00:39:57,600 --> 00:39:59,759
Speaker 1: going on here? Why did they turn on this guy?

860
00:40:00,000 --> 00:40:03,840
Speaker 1: Apparently this is symbolic of a broader split within the

861
00:40:03,880 --> 00:40:07,960
Speaker 1: Texas GOP almost between like the old Bush wing of

862
00:40:08,040 --> 00:40:11,520
Speaker 1: the party that's like, you know, sort of like classically conservative,

863
00:40:12,239 --> 00:40:15,480
Speaker 1: very cozy with business, very cozy with the oil industry,

864
00:40:15,600 --> 00:40:18,120
Speaker 1: you know, in favor of low taxes, like that vein

865
00:40:18,239 --> 00:40:23,040
Speaker 1: of conservatism, versus the more sort of like performative culture

866
00:40:23,080 --> 00:40:26,040
Speaker 1: war Trump wing of the Republican Party, which also will

867
00:40:26,040 --> 00:40:29,000
Speaker 1: go after corporation they considered to be woke. So there's

868
00:40:29,040 --> 00:40:32,160
Speaker 1: a different There aren't a lot of real hard policy

869
00:40:32,200 --> 00:40:35,760
Speaker 1: ideological differences, but there's very different like vibe and esthetic

870
00:40:36,280 --> 00:40:39,400
Speaker 1: and these. Obviously, Texas is dominated by Republicans both in

871
00:40:39,440 --> 00:40:41,120
Speaker 1: the House and in the Senate, even as it has

872
00:40:41,120 --> 00:40:43,120
Speaker 1: shifted some, you know, and made.

873
00:40:42,920 --> 00:40:44,200
Speaker 3: It a little bit more purple.

874
00:40:44,200 --> 00:40:46,400
Speaker 1: But this is still a state legislature that's very dominated

875
00:40:46,440 --> 00:40:49,600
Speaker 1: by Republicans, and you have this real divide between these

876
00:40:49,640 --> 00:40:52,879
Speaker 1: two wings of the party. And one of the sort

877
00:40:52,880 --> 00:40:58,040
Speaker 1: of representatives of that more traditional conservative wing of the

878
00:40:58,080 --> 00:41:00,920
Speaker 1: party is this guy who Speaker of House, Dade Failin,

879
00:41:01,360 --> 00:41:04,640
Speaker 1: and he's the one that Trump was like ripping to shreds.

880
00:41:04,800 --> 00:41:09,200
Speaker 1: And in general, in Texas, it's considered the House is

881
00:41:09,239 --> 00:41:12,840
Speaker 1: more populated with those type of conservatives, and the Senate,

882
00:41:12,880 --> 00:41:14,920
Speaker 1: where he would have to be convicted, where his wife

883
00:41:14,960 --> 00:41:18,520
Speaker 1: also sits, is more populated with the sort of new

884
00:41:18,680 --> 00:41:22,920
Speaker 1: Trumpier conservatives. So that's why you shouldn't be surprised to

885
00:41:22,920 --> 00:41:25,719
Speaker 1: see Trump and Ted Cruz, who's just you know, goes

886
00:41:25,760 --> 00:41:29,760
Speaker 1: wherever he thinks the winds are blowing, backing Ken Paxton

887
00:41:29,840 --> 00:41:31,640
Speaker 1: and all of this, And also why I wouldn't be

888
00:41:31,640 --> 00:41:34,319
Speaker 1: surprised to see him acquitted in the Senate, even though

889
00:41:34,360 --> 00:41:36,560
Speaker 1: the details here are really damning. I mean, you'll not

890
00:41:36,680 --> 00:41:39,600
Speaker 1: with both Trump and Ted Cruz, neither one of them

891
00:41:39,680 --> 00:41:42,319
Speaker 1: is actually defending him on the merits and saying like, oh,

892
00:41:42,360 --> 00:41:44,600
Speaker 1: there's nothing he did nothing wrong and this.

893
00:41:44,640 --> 00:41:46,560
Speaker 3: Was all above board, et cetera, et cetera.

894
00:41:47,000 --> 00:41:50,200
Speaker 1: The best they can muster is well voters already knew

895
00:41:50,239 --> 00:41:50,839
Speaker 1: that he was.

896
00:41:50,880 --> 00:41:53,879
Speaker 3: A corrupt SOB before they re.

897
00:41:53,880 --> 00:41:56,279
Speaker 1: Elected him, which is probably the strongest case that you

898
00:41:56,280 --> 00:41:59,200
Speaker 1: could possibly make for him. And he did win reelection

899
00:42:00,160 --> 00:42:02,719
Speaker 1: quite overwhelmingly. I think it was actually up against.

900
00:42:02,360 --> 00:42:02,840
Speaker 3: Like George P.

901
00:42:03,000 --> 00:42:05,319
Speaker 1: Bush or somebody in that ree elect So he's sort

902
00:42:05,320 --> 00:42:10,160
Speaker 1: of soundly defeated personally that more traditional Bush wing of

903
00:42:10,200 --> 00:42:13,279
Speaker 1: the Texas Republican Party. But that's why you're seeing the

904
00:42:13,320 --> 00:42:16,680
Speaker 1: schism right now, and that's why I don't know, but

905
00:42:16,760 --> 00:42:19,960
Speaker 1: I think it is less likely that he will actually

906
00:42:20,040 --> 00:42:23,040
Speaker 1: be convicted in the Senate because there are more of

907
00:42:23,080 --> 00:42:26,239
Speaker 1: his ideological allies in the Senate, including his wife, who

908
00:42:26,239 --> 00:42:29,279
Speaker 1: may or may not recuse herself apparently with regard to

909
00:42:29,320 --> 00:42:32,680
Speaker 1: the affair. It was a few years ago. She found

910
00:42:32,719 --> 00:42:35,160
Speaker 1: out in twenty nineteen. They were apart for a while.

911
00:42:35,200 --> 00:42:39,720
Speaker 1: They've since reconciled, so theoretically, you know, water under the bridge,

912
00:42:39,760 --> 00:42:41,640
Speaker 1: I guess, and she may be that team.

913
00:42:41,719 --> 00:42:42,520
Speaker 3: I don't know, all.

914
00:42:42,480 --> 00:42:45,640
Speaker 2: Right, So I wish him Lucky's trump Y's to say,

915
00:42:47,320 --> 00:42:49,560
Speaker 2: all right, let's talk about commercial real estate. This is

916
00:42:49,560 --> 00:42:52,399
Speaker 2: actually a fascinating one. Crystal, you flagged this. Let's go ahead.

917
00:42:52,400 --> 00:42:54,400
Speaker 4: Put this up there on the screen and even diving

918
00:42:54,400 --> 00:42:55,040
Speaker 4: into this a lot.

919
00:42:55,200 --> 00:42:59,480
Speaker 2: Yeah, LA's office towers have on average two hundred and

920
00:42:59,520 --> 00:43:03,680
Speaker 2: thirty dollars in debt per square foot. The only building

921
00:43:03,840 --> 00:43:07,640
Speaker 2: that actually sold this year went for one hundred and fifty.

922
00:43:07,400 --> 00:43:11,000
Speaker 4: Dollars four dollars per square foot, so that's obviously a

923
00:43:11,080 --> 00:43:11,720
Speaker 4: huge delta.

924
00:43:12,080 --> 00:43:15,279
Speaker 2: The biggest landlord in Los Angeles, which is called the

925
00:43:15,320 --> 00:43:19,520
Speaker 2: Canadian Giant, Brookfield, has actually defaulted on more than a

926
00:43:19,600 --> 00:43:23,560
Speaker 2: billion dollars worth of loans already this year. And so

927
00:43:23,960 --> 00:43:28,640
Speaker 2: really what they're appointing to is that this massive, massive

928
00:43:28,800 --> 00:43:32,320
Speaker 2: debt bubble in commercial real estate and the lack of people,

929
00:43:32,520 --> 00:43:36,600
Speaker 2: especially in cities Los Angeles, San Francisco, Chicago, New York,

930
00:43:36,640 --> 00:43:40,240
Speaker 2: and Washington, DC, could absolutely blow up.

931
00:43:40,160 --> 00:43:41,400
Speaker 4: In all of our faces.

932
00:43:41,680 --> 00:43:44,640
Speaker 2: And really the time that it would start is now,

933
00:43:44,800 --> 00:43:47,640
Speaker 2: because they've had they've used a lot of their cash,

934
00:43:48,480 --> 00:43:51,640
Speaker 2: they've tried to weather the storms. Leases they're starting to

935
00:43:51,680 --> 00:43:53,759
Speaker 2: go up, and a lot of people are like, yeah,

936
00:43:53,800 --> 00:43:56,240
Speaker 2: I'm not signing or I'm not paying. Sorry, my employees

937
00:43:56,239 --> 00:43:58,120
Speaker 2: aren't coming back to the office, and they don't have

938
00:43:58,200 --> 00:44:01,040
Speaker 2: the same level of cash flow or of future value

939
00:44:01,320 --> 00:44:04,319
Speaker 2: that they once had, and the dramatic drop in all

940
00:44:04,360 --> 00:44:08,320
Speaker 2: of that backstops a lot of loans and then commodities

941
00:44:08,440 --> 00:44:11,479
Speaker 2: on Wall Street. So Los Angeles is a ticking time

942
00:44:11,520 --> 00:44:15,040
Speaker 2: bomb with their decline in the downtown Washington, d C.

943
00:44:15,160 --> 00:44:17,239
Speaker 2: Where you and I are crystal right now. I mean,

944
00:44:17,280 --> 00:44:19,759
Speaker 2: I don't think people understand that Washington, d C. Is

945
00:44:20,080 --> 00:44:22,640
Speaker 2: a ghost town compared to what it wants. I spent

946
00:44:22,680 --> 00:44:26,160
Speaker 2: my whole professional life here, especially in the downtown area,

947
00:44:26,280 --> 00:44:28,680
Speaker 2: and when I go now, it is at best one

948
00:44:28,800 --> 00:44:31,279
Speaker 2: tenth of what it once was like. And really, I

949
00:44:31,280 --> 00:44:34,440
Speaker 2: mean in anybody who commutes or takes the metro or

950
00:44:34,480 --> 00:44:36,200
Speaker 2: any of these can tell you that. And you know

951
00:44:36,239 --> 00:44:38,520
Speaker 2: the city has changed to even the traffic patterns rush

952
00:44:38,560 --> 00:44:40,920
Speaker 2: hours at three thirty now, which is crazy. It's like

953
00:44:41,000 --> 00:44:43,080
Speaker 2: everybody's leaving the office at three thirty, even on the

954
00:44:43,120 --> 00:44:46,000
Speaker 2: three days or whatever that they do happen to come in.

955
00:44:46,000 --> 00:44:49,200
Speaker 2: New York is a little bit different. Commerce apparently demands

956
00:44:49,239 --> 00:44:51,760
Speaker 2: people to come into the office more often, but flexible

957
00:44:51,760 --> 00:44:55,000
Speaker 2: work has still dropped things by forty percent. San Francisco

958
00:44:55,280 --> 00:44:59,480
Speaker 2: is donzo like from what from my family. I've been

959
00:44:59,520 --> 00:45:02,520
Speaker 2: to many of those neighborhoods in San Francisco, which were

960
00:45:02,520 --> 00:45:05,600
Speaker 2: once like thriving business districts or at the very least.

961
00:45:05,360 --> 00:45:07,520
Speaker 4: Had a lot going on. From everybody I.

962
00:45:07,520 --> 00:45:10,640
Speaker 2: Know who's visited since has completely either abandoned or they've

963
00:45:10,640 --> 00:45:12,080
Speaker 2: moved to different parts of the city.

964
00:45:12,080 --> 00:45:14,120
Speaker 4: And it's not a surprise. I was in downtown La

965
00:45:14,239 --> 00:45:14,879
Speaker 4: not that long ago.

966
00:45:14,920 --> 00:45:16,439
Speaker 2: It was basically me and a bunch of other people

967
00:45:16,440 --> 00:45:18,640
Speaker 2: who were there for a conference, and nobody was actually

968
00:45:18,719 --> 00:45:20,080
Speaker 2: there for any other reason.

969
00:45:20,200 --> 00:45:23,279
Speaker 1: Well, the hardest hit in the most likely to be

970
00:45:23,360 --> 00:45:26,480
Speaker 1: hit very soon are the West coast cities because on

971
00:45:26,560 --> 00:45:30,399
Speaker 1: top of the pandemic trends of people working remote or

972
00:45:30,440 --> 00:45:33,359
Speaker 1: having hybrid work schedules, they also are dealing with this

973
00:45:33,480 --> 00:45:37,680
Speaker 1: massive tech session which impacts them more than any other

974
00:45:37,719 --> 00:45:40,799
Speaker 1: cities in the country. So in San Francisco, put this

975
00:45:40,800 --> 00:45:42,719
Speaker 1: next piece up on the screen, I mean, this is

976
00:45:42,800 --> 00:45:43,680
Speaker 1: really ground zero.

977
00:45:43,920 --> 00:45:44,400
Speaker 3: They say.

978
00:45:44,440 --> 00:45:47,240
Speaker 1: This is from the Guardian. They say, vacant skyscrapers, empty trains.

979
00:45:47,239 --> 00:45:51,560
Speaker 1: Can San Francisco once again reinvent itself? They cite and

980
00:45:51,600 --> 00:45:54,759
Speaker 1: hear a study on if UC Berkeley comparing mobile phone

981
00:45:54,800 --> 00:45:58,000
Speaker 1: data across sixty two downtowns in North America. They found

982
00:45:58,000 --> 00:46:02,440
Speaker 1: that San Francisco's recovery is dead last, with only thirty

983
00:46:02,440 --> 00:46:05,560
Speaker 1: one percent of the activity that it had pre pandemic.

984
00:46:06,000 --> 00:46:09,600
Speaker 1: Some of these major tech companies are leaving downtown they

985
00:46:09,680 --> 00:46:13,520
Speaker 1: don't need the office space anymore. This has obvious massive

986
00:46:13,600 --> 00:46:17,000
Speaker 1: ripple effects in terms of local businesses. You know, the

987
00:46:17,040 --> 00:46:20,560
Speaker 1: shops and restaurants that rely on office workers coming in

988
00:46:20,920 --> 00:46:24,040
Speaker 1: and spending their money while they are working downtown. All

989
00:46:24,080 --> 00:46:27,160
Speaker 1: of those places are really really struggling, and so the

990
00:46:27,200 --> 00:46:29,520
Speaker 1: city is trying to figure out how they avoid the

991
00:46:29,520 --> 00:46:33,560
Speaker 1: so called doom loop of you know, once these office

992
00:46:33,560 --> 00:46:35,840
Speaker 1: buildings go vacant and you have a lot less business

993
00:46:35,840 --> 00:46:38,240
Speaker 1: in the city, then you have a lot less tax revenue,

994
00:46:38,560 --> 00:46:41,200
Speaker 1: and then you can't keep up you know, public transportation

995
00:46:41,320 --> 00:46:44,560
Speaker 1: and infrastructure spend, and the whole thing starts to decay

996
00:46:44,600 --> 00:46:47,520
Speaker 1: and decline. So they are frantically trying to figure out

997
00:46:47,719 --> 00:46:49,839
Speaker 1: what they can do. I mean, one thing in San

998
00:46:49,880 --> 00:46:52,879
Speaker 1: Francisco that's really obvious is they have, perhaps worse than

999
00:46:52,880 --> 00:46:56,080
Speaker 1: any other place in the country, this massive housing crisis

1000
00:46:56,120 --> 00:47:00,400
Speaker 1: of wild unaffordability and a lack of They need way.

1001
00:47:00,200 --> 00:47:02,120
Speaker 3: More affordable housing as the bottom line.

1002
00:47:02,320 --> 00:47:04,839
Speaker 1: So there has been this thought of Okay, we'll take

1003
00:47:04,880 --> 00:47:07,879
Speaker 1: all these giant office towers that are now vacant and

1004
00:47:08,120 --> 00:47:12,319
Speaker 1: transform them into residential apartments so that you can deal

1005
00:47:12,360 --> 00:47:13,920
Speaker 1: with your house and costs. You can bring people back

1006
00:47:13,920 --> 00:47:18,160
Speaker 1: to the downtown, you can maintain vitality. That is theoretically possible,

1007
00:47:18,360 --> 00:47:20,759
Speaker 1: but there are a lot of obstacles in the way

1008
00:47:20,800 --> 00:47:22,600
Speaker 1: of that happening. And first of all, conversion like that

1009
00:47:22,680 --> 00:47:25,520
Speaker 1: is not simple and straightford. It's a complex like just

1010
00:47:25,560 --> 00:47:29,239
Speaker 1: you know, development and like architectural perspective. Dean Baker, who's

1011
00:47:29,239 --> 00:47:31,760
Speaker 1: the co director of the Center for Economic and Policy Research,

1012
00:47:32,440 --> 00:47:33,960
Speaker 1: he said, the city is set up to serve a

1013
00:47:34,040 --> 00:47:37,160
Speaker 1: large commuting population. That population is gone and not coming back.

1014
00:47:37,239 --> 00:47:39,279
Speaker 1: It will be a doom loop if the city doesn't

1015
00:47:39,320 --> 00:47:42,799
Speaker 1: make it a top priority to convert commercial or residential. California,

1016
00:47:42,800 --> 00:47:45,400
Speaker 1: and I think San Francisco in particular is also notorious

1017
00:47:45,400 --> 00:47:46,280
Speaker 1: for making it very.

1018
00:47:46,120 --> 00:47:47,640
Speaker 3: Hard to do construction.

1019
00:47:47,719 --> 00:47:50,720
Speaker 1: There's like a long permitting process zoning all this stuff.

1020
00:47:51,080 --> 00:47:56,000
Speaker 1: So they need now to aggressively rethink what the city

1021
00:47:56,040 --> 00:47:58,319
Speaker 1: is going to look like before they get behind the

1022
00:47:58,320 --> 00:48:01,799
Speaker 1: eight ball and have They already have big budget deficits

1023
00:48:01,800 --> 00:48:03,719
Speaker 1: that are looming in that are only going to get

1024
00:48:03,719 --> 00:48:06,400
Speaker 1: worse with time. So it is quite a dire circumstance

1025
00:48:06,440 --> 00:48:07,840
Speaker 1: for that budget crime.

1026
00:48:08,480 --> 00:48:12,120
Speaker 2: Like they have everything that could possibly going against them.

1027
00:48:12,120 --> 00:48:14,239
Speaker 4: It's expensive and it's not a nice place to live.

1028
00:48:14,320 --> 00:48:16,120
Speaker 3: That's basically because I love San Oh.

1029
00:48:16,120 --> 00:48:16,719
Speaker 4: It's a great city.

1030
00:48:16,800 --> 00:48:20,080
Speaker 1: Yeah, I mean, look, vibrant and interesting and you know

1031
00:48:20,200 --> 00:48:23,280
Speaker 1: culture there, restaurants like, it's beautiful, wonderful.

1032
00:48:23,440 --> 00:48:25,800
Speaker 2: People get mad and I say this, but California wins

1033
00:48:25,800 --> 00:48:26,799
Speaker 2: on all the fundamentals.

1034
00:48:26,800 --> 00:48:28,640
Speaker 4: Look, I like Texas, That's where I grew up.

1035
00:48:28,640 --> 00:48:31,000
Speaker 2: But listen, the ocean is nice, and so is weather

1036
00:48:31,120 --> 00:48:33,440
Speaker 2: where it's hot, but it was also not crazy amounts

1037
00:48:33,440 --> 00:48:34,960
Speaker 2: of humidity, and also the sunshines.

1038
00:48:35,000 --> 00:48:38,040
Speaker 4: I mean, look it does you can actually go. Look.

1039
00:48:38,120 --> 00:48:38,960
Speaker 4: I'm obsessed with these.

1040
00:48:38,960 --> 00:48:42,040
Speaker 2: There's like temperate charts which shows you the only real

1041
00:48:42,160 --> 00:48:44,600
Speaker 2: zones in the US with the best weather, and the

1042
00:48:44,680 --> 00:48:46,480
Speaker 2: way that they define that is like X amount of

1043
00:48:46,520 --> 00:48:48,800
Speaker 2: days without clouds, X amount of days without rain, x

1044
00:48:48,880 --> 00:48:49,960
Speaker 2: amount of days with sunshine.

1045
00:48:49,960 --> 00:48:50,920
Speaker 4: Almost all of them.

1046
00:48:50,760 --> 00:48:53,840
Speaker 2: Are in Hawaii and in California. The Bay Area is

1047
00:48:53,840 --> 00:48:56,640
Speaker 2: one of them, Los Angeles, San Diego. There are certain

1048
00:48:56,680 --> 00:48:59,040
Speaker 2: areas on the East coast. I think it's like Georgia,

1049
00:48:59,080 --> 00:49:02,080
Speaker 2: South Carolina, Cape cod and others.

1050
00:49:02,080 --> 00:49:03,120
Speaker 4: But they really only.

1051
00:49:02,960 --> 00:49:06,160
Speaker 2: Qualified because they're super nice in the summer, but during

1052
00:49:06,480 --> 00:49:10,360
Speaker 2: year round, there's no beaten California weather. Sorry everybody, Yeah,

1053
00:49:10,480 --> 00:49:12,239
Speaker 2: but you know, part of the issue is that that's

1054
00:49:12,280 --> 00:49:13,920
Speaker 2: why they are the biggest state in the country, and

1055
00:49:13,920 --> 00:49:15,480
Speaker 2: there's a lot of people who live there. Now there's

1056
00:49:15,520 --> 00:49:18,640
Speaker 2: a disaster of governance, taxation, and so much more. The

1057
00:49:18,719 --> 00:49:21,520
Speaker 2: downtown areas, as you were pointing to, is a real problem.

1058
00:49:21,560 --> 00:49:24,160
Speaker 2: And the other issue is that they have net or

1059
00:49:24,239 --> 00:49:27,239
Speaker 2: they have net population declined. So a lot of the

1060
00:49:27,280 --> 00:49:30,240
Speaker 2: people who did leave are exactly the type of folks

1061
00:49:30,400 --> 00:49:33,640
Speaker 2: who would be in these office buildings, you know, in

1062
00:49:34,400 --> 00:49:37,120
Speaker 2: another world. And they moved to Texas, they moved to Austin.

1063
00:49:37,440 --> 00:49:39,279
Speaker 2: Most of them who even moved there aren't even going

1064
00:49:39,280 --> 00:49:41,480
Speaker 2: to the office. A lot of those people are working

1065
00:49:41,600 --> 00:49:44,720
Speaker 2: either fully remote or in some sort of hybrid situation.

1066
00:49:44,840 --> 00:49:47,279
Speaker 2: So overall, I think it's a very bad time to

1067
00:49:47,360 --> 00:49:50,760
Speaker 2: be a commercial real estate developer or a community commercial

1068
00:49:50,760 --> 00:49:53,239
Speaker 2: real estate landowner because another thing that they point to

1069
00:49:53,400 --> 00:49:56,719
Speaker 2: is this entire industry floats on debt. None of these

1070
00:49:56,719 --> 00:50:00,160
Speaker 2: people have large reserves of cash. It's literally the aim

1071
00:50:00,200 --> 00:50:03,000
Speaker 2: of the game is you price your rent like right here,

1072
00:50:03,400 --> 00:50:05,719
Speaker 2: like a little bit above where your debt servicing is.

1073
00:50:05,760 --> 00:50:07,279
Speaker 2: I mean, you just hope and pray, and then over

1074
00:50:07,360 --> 00:50:09,520
Speaker 2: years you become a billionaire and you use a bunch

1075
00:50:09,520 --> 00:50:11,680
Speaker 2: of depreciation on their nonsense in order to write all

1076
00:50:11,680 --> 00:50:12,960
Speaker 2: of this yea, on your taxi.

1077
00:50:13,000 --> 00:50:15,439
Speaker 3: It's a crazy because I gave you more of that too.

1078
00:50:15,560 --> 00:50:16,759
Speaker 4: I don't understand how I can.

1079
00:50:16,840 --> 00:50:18,839
Speaker 2: I don't understand you can even breathe when you're that,

1080
00:50:18,960 --> 00:50:20,200
Speaker 2: you know, close to bankruptcy.

1081
00:50:20,360 --> 00:50:22,160
Speaker 4: We constantly, I guess they do.

1082
00:50:22,239 --> 00:50:23,959
Speaker 3: When people live for that, good for them.

1083
00:50:24,320 --> 00:50:27,919
Speaker 1: One thing that's an important note just on the economics

1084
00:50:27,960 --> 00:50:30,839
Speaker 1: of this is you're probably thinking, for those of you

1085
00:50:30,880 --> 00:50:33,720
Speaker 1: have knowledge of like the local rental and real estate market,

1086
00:50:33,800 --> 00:50:37,320
Speaker 1: like rents haven't really come down. So there are estimates

1087
00:50:37,360 --> 00:50:40,640
Speaker 1: that these buildings valuations are going to crash by something

1088
00:50:40,760 --> 00:50:44,399
Speaker 1: like forty percent, which is I mean, that's an astonishing

1089
00:50:44,840 --> 00:50:46,000
Speaker 1: fall in value.

1090
00:50:46,640 --> 00:50:48,560
Speaker 3: But so far rents have it come down that much?

1091
00:50:48,600 --> 00:50:49,359
Speaker 3: Well why is that?

1092
00:50:49,840 --> 00:50:53,640
Speaker 1: It's because if you drop the rent to reflect with

1093
00:50:53,680 --> 00:50:56,279
Speaker 1: the actual valuations and what you might actually be able

1094
00:50:56,280 --> 00:50:59,160
Speaker 1: to get tenants in well that's going to immediately crash

1095
00:50:59,239 --> 00:51:02,960
Speaker 1: your appraisal. So when you are then up to to

1096
00:51:03,480 --> 00:51:07,440
Speaker 1: you know, renegotiate your loan and try to you know,

1097
00:51:07,480 --> 00:51:09,200
Speaker 1: take out stros or try to be able to roll

1098
00:51:09,200 --> 00:51:11,880
Speaker 1: this thing over, your appraisal is going to come in

1099
00:51:12,200 --> 00:51:16,319
Speaker 1: way lower. You're just dramatically underwater then, and so it's

1100
00:51:16,320 --> 00:51:20,480
Speaker 1: a disaster for you. So a lot of developers calculate,

1101
00:51:20,600 --> 00:51:23,680
Speaker 1: you know, understandably so that it's better to keep rents

1102
00:51:23,719 --> 00:51:25,960
Speaker 1: where they are and take the hit in terms of

1103
00:51:26,000 --> 00:51:28,960
Speaker 1: a lost tenant for the time being in hopes that

1104
00:51:29,000 --> 00:51:31,640
Speaker 1: they'll be able to roll over those loans. Now that

1105
00:51:31,680 --> 00:51:35,799
Speaker 1: also becomes much more difficult because of the mortgage rate increases,

1106
00:51:35,880 --> 00:51:39,000
Speaker 1: which you know, not only impact residential loans, but also

1107
00:51:39,160 --> 00:51:43,880
Speaker 1: impact these gigantic you know, loans for skyscrapers that become

1108
00:51:44,040 --> 00:51:46,120
Speaker 1: wildly more unaffordable as well.

1109
00:51:46,400 --> 00:51:47,800
Speaker 3: Not to mention, the banks aren't stupid.

1110
00:51:47,840 --> 00:51:50,479
Speaker 1: They're looking at this and potential you know, massive drop

1111
00:51:50,480 --> 00:51:54,000
Speaker 1: in valuation and they're not feeling too excited about renegotiating

1112
00:51:54,000 --> 00:51:56,840
Speaker 1: a lot of these loans as well. So that's why

1113
00:51:57,040 --> 00:51:59,360
Speaker 1: there were sort of in this you know, in between

1114
00:51:59,520 --> 00:52:03,040
Speaker 1: zone where everybody's just holding their breath and hoping that

1115
00:52:03,040 --> 00:52:06,360
Speaker 1: conditions improve for them by some sort of unforeseen magic.

1116
00:52:06,880 --> 00:52:09,799
Speaker 1: And it feels a little bit static, even though there's

1117
00:52:09,880 --> 00:52:14,160
Speaker 1: a ton of pain and collapse and potential devastation just

1118
00:52:14,239 --> 00:52:16,759
Speaker 1: underneath the surface. So that's part of what is going

1119
00:52:16,800 --> 00:52:19,960
Speaker 1: on here as well. But you know, this story of

1120
00:52:20,160 --> 00:52:23,160
Speaker 1: how downtowns will reinvent themselves in a new era with

1121
00:52:23,280 --> 00:52:25,480
Speaker 1: less office workers is going to be one of the

1122
00:52:25,520 --> 00:52:27,040
Speaker 1: things that you know, this is going to be a

1123
00:52:27,040 --> 00:52:30,120
Speaker 1: major trend over the coming decades. Cities that are able

1124
00:52:30,160 --> 00:52:31,800
Speaker 1: to figure this out, that are able to get ahead

1125
00:52:31,800 --> 00:52:34,000
Speaker 1: of it, that are able to you know, I think

1126
00:52:34,040 --> 00:52:36,200
Speaker 1: the key is going to be building out affordable housing

1127
00:52:36,200 --> 00:52:38,960
Speaker 1: to bring people back to the downtowns so that that

1128
00:52:39,040 --> 00:52:41,040
Speaker 1: while they're working from home, they're working from home in

1129
00:52:41,080 --> 00:52:42,280
Speaker 1: their apartments, in their.

1130
00:52:42,160 --> 00:52:44,240
Speaker 3: Condos, in their houses in your city.

1131
00:52:45,120 --> 00:52:47,800
Speaker 1: And the cities that get on top of that fastest

1132
00:52:47,840 --> 00:52:50,080
Speaker 1: and anticipate the need the soonest, I think, are going

1133
00:52:50,120 --> 00:52:51,000
Speaker 1: to be the ones that succeed.

1134
00:52:51,160 --> 00:52:51,839
Speaker 4: Yeah, that's right.

1135
00:52:55,360 --> 00:52:59,760
Speaker 2: Twenty twenty four, we can't miss any of the election news.

1136
00:53:00,080 --> 00:53:03,840
Speaker 2: There is fascinating stuff going on between DeSantis and Trump

1137
00:53:04,160 --> 00:53:07,520
Speaker 2: around the Disney issue. Some people switching sides, but it

1138
00:53:07,560 --> 00:53:09,880
Speaker 2: also kind of shows you how central this is I

1139
00:53:10,239 --> 00:53:12,600
Speaker 2: think to some of the GOP primary. I saw some

1140
00:53:12,640 --> 00:53:16,920
Speaker 2: polling very recently that the ability to combat wokeness is

1141
00:53:17,320 --> 00:53:21,680
Speaker 2: literally number one for some GOP primary voters and especially

1142
00:53:21,680 --> 00:53:24,800
Speaker 2: for people who are on the fence between Ron DeSantis

1143
00:53:24,840 --> 00:53:27,480
Speaker 2: and Trump. So DeSantis once again got to give the

1144
00:53:27,520 --> 00:53:31,279
Speaker 2: man respect, actually hitting back against Trump, especially on the

1145
00:53:31,320 --> 00:53:33,799
Speaker 2: Disney issue. During his Fox and Friends interview, Here's what

1146
00:53:33,840 --> 00:53:34,439
Speaker 2: he had to say.

1147
00:53:34,680 --> 00:53:36,840
Speaker 7: We obviously have a lot in common with Iowa in

1148
00:53:36,880 --> 00:53:38,759
Speaker 7: terms of what Florida has done and what they've done

1149
00:53:38,840 --> 00:53:41,759
Speaker 7: under Governor Kim Reynolds, and I think the groundswell of

1150
00:53:41,760 --> 00:53:44,319
Speaker 7: support has been really, really strong, and you know, we're

1151
00:53:44,320 --> 00:53:46,040
Speaker 7: going to press the case. I mean, you know, they

1152
00:53:46,120 --> 00:53:48,920
Speaker 7: had mentioned there may be some differences with me and

1153
00:53:48,960 --> 00:53:51,960
Speaker 7: Donald Trump, and I think that those differences were doown

1154
00:53:52,040 --> 00:53:54,040
Speaker 7: to my benefit in a place like Iowa. I mean,

1155
00:53:54,040 --> 00:53:56,719
Speaker 7: for example, you know, he's taken the side of Disney

1156
00:53:57,160 --> 00:54:00,000
Speaker 7: in our fight down here in Florida. I'm standing for parents,

1157
00:54:00,120 --> 00:54:02,760
Speaker 7: I'm standing for children, and I think a multi billion

1158
00:54:02,800 --> 00:54:06,640
Speaker 7: dollar company that sexualizes children is not consistent with the

1159
00:54:06,719 --> 00:54:10,520
Speaker 7: values of Florida. Or the values of a place like Iowa.

1160
00:54:10,640 --> 00:54:12,960
Speaker 2: Hey, you got to give the guy credit because what

1161
00:54:13,000 --> 00:54:13,560
Speaker 2: did he say?

1162
00:54:13,600 --> 00:54:16,600
Speaker 4: First? He shouts out Kim Reynolds, who is the governor

1163
00:54:16,640 --> 00:54:17,080
Speaker 4: of Iowa.

1164
00:54:17,080 --> 00:54:18,920
Speaker 2: He said the Iowa said the word Iowa, I think

1165
00:54:18,960 --> 00:54:22,520
Speaker 2: three times during that short clip, making it clear that

1166
00:54:22,600 --> 00:54:25,880
Speaker 2: he's trying to contrast himself directly with Trump in that state.

1167
00:54:26,040 --> 00:54:28,640
Speaker 2: The news also just broke this morning, Crystal he will

1168
00:54:28,640 --> 00:54:34,680
Speaker 2: be attending the Joni Earnst like Summer Iowa event. Jony Ernst,

1169
00:54:34,960 --> 00:54:37,840
Speaker 2: for those who don't know, is the She's the senator

1170
00:54:37,840 --> 00:54:38,400
Speaker 2: from Iowa.

1171
00:54:38,560 --> 00:54:40,240
Speaker 4: It's called the Roast and Ride.

1172
00:54:40,360 --> 00:54:43,600
Speaker 2: It's a kickoff for the twenty twenty four campaign in Iowa.

1173
00:54:43,640 --> 00:54:46,080
Speaker 2: And obviously she's very important in somebody that they have

1174
00:54:46,160 --> 00:54:49,160
Speaker 2: to woo. Everybody tries to if they are hopeful to

1175
00:54:49,239 --> 00:54:52,440
Speaker 2: attend some of her events. Trump right now is unconfirmed

1176
00:54:52,719 --> 00:54:56,160
Speaker 2: for the event, but Dessantas says he absolutely will be there.

1177
00:54:56,200 --> 00:55:00,000
Speaker 2: This underscores his early state strategy.

1178
00:55:00,000 --> 00:55:02,520
Speaker 4: Tromp has actually changed his tune.

1179
00:55:02,560 --> 00:55:05,919
Speaker 2: At first, he took Disney's side, and he said, oh, well,

1180
00:55:05,960 --> 00:55:07,640
Speaker 2: why is DeSantis going after Disney?

1181
00:55:07,880 --> 00:55:09,920
Speaker 3: Now he's getting humiliated by Disney.

1182
00:55:10,440 --> 00:55:13,600
Speaker 2: He said, humiliated by Disney, but he also basically implied

1183
00:55:13,600 --> 00:55:15,960
Speaker 2: that he shouldn't be going after Disney at all, and

1184
00:55:16,120 --> 00:55:18,399
Speaker 2: also hit him on the job case now though he's

1185
00:55:18,400 --> 00:55:21,040
Speaker 2: actually changing his tune. Put this up there on truth Socially,

1186
00:55:21,040 --> 00:55:23,640
Speaker 2: he says, Ron de Sanctimonious just stated without correction on

1187
00:55:23,680 --> 00:55:26,920
Speaker 2: Fox and Friends that I was backing Disney wrong. Fox

1188
00:55:26,960 --> 00:55:29,319
Speaker 2: should have read my post in Truth on Disney, but

1189
00:55:29,360 --> 00:55:31,760
Speaker 2: that's not the game they play. Also, in the polls,

1190
00:55:31,800 --> 00:55:34,000
Speaker 2: I am beating Biden by a lot. Rob is not

1191
00:55:34,280 --> 00:55:37,200
Speaker 2: also way up on Ron. Check out the dysanctist speech.

1192
00:55:37,280 --> 00:55:42,799
Speaker 2: So he obviously live tweeted yanctus Rob all of that.

1193
00:55:42,880 --> 00:55:45,960
Speaker 2: But actually what was even more interesting is that the

1194
00:55:46,000 --> 00:55:49,520
Speaker 2: same truth that after came before was that he said

1195
00:55:49,560 --> 00:55:52,360
Speaker 2: that Disney has become a woke, in disgusting shadow of

1196
00:55:52,360 --> 00:55:54,960
Speaker 2: its former self, people actually hating it. It must go

1197
00:55:55,080 --> 00:55:57,319
Speaker 2: back to what it once was or the market will

1198
00:55:57,320 --> 00:56:00,400
Speaker 2: do damage. This all happened during the governor ship of

1199
00:56:00,480 --> 00:56:04,520
Speaker 2: Rob Dysanctimonious. Instead of complaining now for publicity reasons only,

1200
00:56:04,800 --> 00:56:06,120
Speaker 2: he should have stopped it long ago.

1201
00:56:06,239 --> 00:56:08,440
Speaker 4: Would have been easy to do still is.

1202
00:56:08,520 --> 00:56:13,719
Speaker 2: So now he's like, well it happened under Desanta's governorship,

1203
00:56:13,719 --> 00:56:16,239
Speaker 2: as if he somehow controls Disney and he's like, no,

1204
00:56:16,400 --> 00:56:19,279
Speaker 2: actually it should be stopped. But DeSantis is ineffective. I

1205
00:56:19,280 --> 00:56:22,200
Speaker 2: actually think that's more of an effective attack on the

1206
00:56:22,239 --> 00:56:23,840
Speaker 2: Disney issue is that he tried to do and he

1207
00:56:23,880 --> 00:56:26,200
Speaker 2: failed after Disney was able to outsmart him on the

1208
00:56:26,239 --> 00:56:27,600
Speaker 2: Reedy Creek Governorship board.

1209
00:56:27,800 --> 00:56:30,120
Speaker 1: Yeah, I mean on the merits, you know, the Disney

1210
00:56:30,160 --> 00:56:32,520
Speaker 1: fight I sort of hate because there's there's no one

1211
00:56:32,520 --> 00:56:33,400
Speaker 1: to share for here.

1212
00:56:33,440 --> 00:56:34,280
Speaker 3: Like it is true.

1213
00:56:34,320 --> 00:56:37,800
Speaker 1: Disney is this like gigantic, unaccountable corporation that's been gifted

1214
00:56:38,200 --> 00:56:42,600
Speaker 1: massive tax breaks and benefits in Florida for decades now.

1215
00:56:43,160 --> 00:56:45,520
Speaker 1: I think the reason that DeSantis is going after them

1216
00:56:45,600 --> 00:56:47,759
Speaker 1: is stupid. It's just political posturing. You can see my

1217
00:56:47,800 --> 00:56:50,720
Speaker 1: monologue yesterday about the giveaway that he's giving to gifting

1218
00:56:50,760 --> 00:56:52,880
Speaker 1: to Elon Musk to see that this is not a

1219
00:56:52,920 --> 00:56:55,320
Speaker 1: critique of corporate power. It's just a war on certain

1220
00:56:55,360 --> 00:56:57,239
Speaker 1: corporations doing things that he doesn't like.

1221
00:56:57,280 --> 00:56:58,040
Speaker 3: Ideologically.

1222
00:56:58,440 --> 00:57:00,560
Speaker 1: On the other hand, like the arguments that Disney is

1223
00:57:00,640 --> 00:57:03,080
Speaker 1: using in court are kind of insane and not anything

1224
00:57:03,120 --> 00:57:05,319
Speaker 1: that anyone who has a critique of corporate power should

1225
00:57:05,360 --> 00:57:07,640
Speaker 1: be cheering on. So that's on the merits of this.

1226
00:57:07,960 --> 00:57:11,040
Speaker 1: I mean with regard to Trump, like this is again

1227
00:57:11,280 --> 00:57:13,320
Speaker 1: one of the ways Trump is graded on a curve.

1228
00:57:13,640 --> 00:57:16,280
Speaker 1: He can say one thing one day, workshop that see

1229
00:57:16,280 --> 00:57:18,640
Speaker 1: how it goes for him, and totally changes tune and

1230
00:57:18,680 --> 00:57:22,040
Speaker 1: say something completely different called the other day, and even

1231
00:57:22,080 --> 00:57:24,040
Speaker 1: if he does get called out for it, you know,

1232
00:57:24,160 --> 00:57:26,640
Speaker 1: ultimately people just kind of go along with it and

1233
00:57:26,760 --> 00:57:29,280
Speaker 1: buy into whatever the latest line of attack is. I

1234
00:57:29,360 --> 00:57:33,120
Speaker 1: think for Ron DeSantis with the Disney fight, the risk

1235
00:57:33,240 --> 00:57:36,960
Speaker 1: is not among Republican base voters, who I think generally

1236
00:57:37,200 --> 00:57:40,000
Speaker 1: like the idea of like you said, they're into fighting

1237
00:57:40,000 --> 00:57:43,400
Speaker 1: against wokeness, whatever that means, and they like the specter

1238
00:57:43,560 --> 00:57:46,360
Speaker 1: of him like taking on this quote unquote quote corporation.

1239
00:57:46,920 --> 00:57:49,120
Speaker 1: The issue for him is more with the donor set

1240
00:57:49,480 --> 00:57:52,680
Speaker 1: that do not like this. And Disney has already said they're,

1241
00:57:52,760 --> 00:57:55,360
Speaker 1: you know, pulling out some investment in the state. How

1242
00:57:55,400 --> 00:57:57,840
Speaker 1: will that impact the state of Florida, et cetera. But

1243
00:57:58,240 --> 00:58:00,960
Speaker 1: the donor class is very uncomfortable with this fight, and

1244
00:58:01,040 --> 00:58:03,560
Speaker 1: that is a key part of the DeSantis constituency.

1245
00:58:04,000 --> 00:58:05,400
Speaker 3: So that's where I think.

1246
00:58:05,200 --> 00:58:07,560
Speaker 1: This is the trickiest for him, not as much with

1247
00:58:07,720 --> 00:58:11,400
Speaker 1: the Republican base. However, to the extent that Trump has

1248
00:58:11,400 --> 00:58:16,160
Speaker 1: an effective attack here, the idea that DeSantis is losing

1249
00:58:16,320 --> 00:58:19,560
Speaker 1: and getting humiliated by Disney, I think that is the

1250
00:58:19,560 --> 00:58:21,280
Speaker 1: strongest line that's definitely strung.

1251
00:58:21,520 --> 00:58:24,040
Speaker 2: One that said DeSantis also sticking Trump in the eye.

1252
00:58:24,080 --> 00:58:26,000
Speaker 2: Put this up there on the screen, and I actually

1253
00:58:26,080 --> 00:58:28,960
Speaker 2: love this. Meets DeSantis meets with nine to eleven families

1254
00:58:28,960 --> 00:58:31,960
Speaker 2: who had bashed Trump for the Saudi funded golf tournament.

1255
00:58:32,400 --> 00:58:35,360
Speaker 2: He spent Memorial Day with the families of nine to

1256
00:58:35,400 --> 00:58:39,360
Speaker 2: eleven victims who had bashed President Trump for hosting the

1257
00:58:39,400 --> 00:58:43,520
Speaker 2: live golf tournament at the Trump property, hosted five hundred veterans,

1258
00:58:43,640 --> 00:58:46,040
Speaker 2: gold star families and relatives who had lost loved ones

1259
00:58:46,160 --> 00:58:49,440
Speaker 2: on September eleventh at the Florida governor Mansion, and then

1260
00:58:49,480 --> 00:58:52,280
Speaker 2: specifically went out of his way to meet with eight

1261
00:58:52,320 --> 00:58:54,680
Speaker 2: of the nine to eleven families who had talked to

1262
00:58:54,760 --> 00:58:57,200
Speaker 2: him about this issue. All those families came out and

1263
00:58:57,240 --> 00:58:59,720
Speaker 2: were singing his praises, saying how happy they were with

1264
00:59:00,160 --> 00:59:02,640
Speaker 2: to be able to meet and to have their concerns voiced.

1265
00:59:02,680 --> 00:59:06,440
Speaker 4: After Trump went ahead and had that tournament.

1266
00:59:06,080 --> 00:59:09,320
Speaker 2: And obviously had a very close relationship with Saudi Arabia,

1267
00:59:09,400 --> 00:59:11,480
Speaker 2: and they also did it as more of a stick

1268
00:59:11,520 --> 00:59:13,919
Speaker 2: in the eye, not just politically, but put this up there.

1269
00:59:14,080 --> 00:59:17,000
Speaker 2: We also know that there currently is a part of

1270
00:59:17,040 --> 00:59:21,040
Speaker 2: the DOJ investigation into one of the myriad of investigations

1271
00:59:21,280 --> 00:59:25,240
Speaker 2: is actually specifically looking into Trump's ties to Live Golf

1272
00:59:25,560 --> 00:59:29,080
Speaker 2: around foreign influence and Saudi Arabia and financial ties. So

1273
00:59:29,560 --> 00:59:32,440
Speaker 2: it was a dual pronged attack and it was a

1274
00:59:32,440 --> 00:59:35,000
Speaker 2: smart play. It was a good headline for Desantas, no

1275
00:59:35,120 --> 00:59:35,760
Speaker 2: question about it.

1276
00:59:36,160 --> 00:59:39,920
Speaker 1: Listen, if you actually care about government corruption foreign influence,

1277
00:59:40,000 --> 00:59:42,640
Speaker 1: like if you're worried about Hunter Biden's ties. For example,

1278
00:59:43,160 --> 00:59:46,160
Speaker 1: this is so recent we Live Golf is funded directly

1279
00:59:46,200 --> 00:59:49,400
Speaker 1: by the Saudi government. Trump is getting an undisclosed amount

1280
00:59:49,440 --> 00:59:52,760
Speaker 1: of cash directly from them, not to mention Kushner's deals

1281
00:59:52,800 --> 00:59:57,280
Speaker 1: over there, etc. So yeah, this should be investigated. And yeah,

1282
00:59:57,360 --> 01:00:00,480
Speaker 1: if you actually care about government corruption and wanting to

1283
01:00:00,520 --> 01:00:02,200
Speaker 1: make sure that the president of the United States is

1284
01:00:02,240 --> 01:00:05,080
Speaker 1: actually serving US interests and not doing the bidding of

1285
01:00:05,160 --> 01:00:08,800
Speaker 1: whoever is like lining his pockets, this is definitely a

1286
01:00:08,840 --> 01:00:11,560
Speaker 1: big deal and something that should be looked into as

1287
01:00:11,640 --> 01:00:14,640
Speaker 1: part of the myriad of investigations that are going on here.

1288
01:00:15,040 --> 01:00:16,480
Speaker 3: I thought it was funny.

1289
01:00:16,520 --> 01:00:19,200
Speaker 1: In the letter that those families of nine to eleven

1290
01:00:19,240 --> 01:00:23,880
Speaker 1: victims sent condemning Trump for hosting these live golf Saudi

1291
01:00:23,920 --> 01:00:28,680
Speaker 1: funded golf events. In addition to expressing their extreme pain, frustration,

1292
01:00:28,840 --> 01:00:29,919
Speaker 1: and anger, they.

1293
01:00:29,840 --> 01:00:31,959
Speaker 3: Actually included a quote.

1294
01:00:31,600 --> 01:00:34,880
Speaker 1: From Trump's twenty sixteen comments on the nine to eleven

1295
01:00:34,960 --> 01:00:37,520
Speaker 1: terrorist attack, from a segment that he did on Fox

1296
01:00:37,520 --> 01:00:40,600
Speaker 1: and Friends. He said, at that time, who blow up

1297
01:00:40,640 --> 01:00:43,520
Speaker 1: the World Trade Center? It wasn't the Iraqis, It was Saudi.

1298
01:00:43,800 --> 01:00:46,480
Speaker 1: Take a look at Saudi Arabia. Open the documents. We

1299
01:00:46,520 --> 01:00:49,120
Speaker 1: ought to get Bush or somebody to have the documents open,

1300
01:00:49,160 --> 01:00:51,640
Speaker 1: because frankly, if you open the documents, I think you

1301
01:00:51,720 --> 01:00:54,680
Speaker 1: were going to see it was Saudi Arabia. Obviously saying

1302
01:00:54,680 --> 01:00:57,080
Speaker 1: a different tune once he was in office, and continues

1303
01:00:57,120 --> 01:00:58,960
Speaker 1: to sing a very different tune now that he is

1304
01:00:59,000 --> 01:01:03,120
Speaker 1: getting closed large amount of cash directly from the Saudi government.

1305
01:01:03,240 --> 01:01:03,439
Speaker 4: Yep.

1306
01:01:03,560 --> 01:01:06,960
Speaker 2: Well, I think it's an issue, and I despise all

1307
01:01:07,000 --> 01:01:09,600
Speaker 2: of them. There's so many live golf defenders like normal,

1308
01:01:10,000 --> 01:01:12,320
Speaker 2: I had never I'm not a golf guy. I went

1309
01:01:12,360 --> 01:01:14,520
Speaker 2: to a driving range recently and that was fun. But

1310
01:01:14,960 --> 01:01:18,920
Speaker 2: I've encountered golf bros who love live golf because players

1311
01:01:18,920 --> 01:01:21,120
Speaker 2: should get in their bag and all that. I'm like, Okay, look,

1312
01:01:21,200 --> 01:01:24,240
Speaker 2: it's not about the players. It's about like disgusting foreign corruption.

1313
01:01:24,360 --> 01:01:27,520
Speaker 2: And this isn't even a defensive PGA. From what I understand,

1314
01:01:27,560 --> 01:01:29,960
Speaker 2: it sounds like the PGA actually do suck and do

1315
01:01:30,040 --> 01:01:32,400
Speaker 2: not treat the people well. There are many reasons for

1316
01:01:32,440 --> 01:01:35,320
Speaker 2: why they should be dissatisfied shockers, just like every other

1317
01:01:35,400 --> 01:01:38,120
Speaker 2: league and big business maybe, and I absolutely think it

1318
01:01:38,160 --> 01:01:39,760
Speaker 2: should be reformed. Do I think you should be reformed

1319
01:01:39,760 --> 01:01:41,440
Speaker 2: by the Saudi Arabian government?

1320
01:01:41,600 --> 01:01:42,120
Speaker 4: Right? No?

1321
01:01:42,520 --> 01:01:45,080
Speaker 2: And like that is where it's like, I don't understand

1322
01:01:45,240 --> 01:01:47,520
Speaker 2: how you could possibly defend.

1323
01:01:47,160 --> 01:01:48,800
Speaker 4: It unless you are a midwin moron.

1324
01:01:48,880 --> 01:01:51,560
Speaker 2: So anybody just putting that out there, I already know

1325
01:01:51,680 --> 01:01:54,040
Speaker 2: the amount of golf bros who are going to be

1326
01:01:54,080 --> 01:01:56,200
Speaker 2: in the comments on this one is going to drive.

1327
01:01:58,400 --> 01:02:00,760
Speaker 3: Yeah, but learn more about golf.

1328
01:02:01,160 --> 01:02:03,400
Speaker 2: But I will tell you we are absolutely the minor.

1329
01:02:03,520 --> 01:02:05,640
Speaker 2: I mean, he's an actual golfer. Again, I only a

1330
01:02:05,840 --> 01:02:08,360
Speaker 2: peripherally connected to the golf world. But what I'm saying

1331
01:02:08,360 --> 01:02:11,160
Speaker 2: apparently is very controversial in the golf.

1332
01:02:10,880 --> 01:02:12,040
Speaker 3: There's a real device.

1333
01:02:12,080 --> 01:02:14,400
Speaker 1: I actually think a majority is more on the side

1334
01:02:14,440 --> 01:02:15,880
Speaker 1: of PGA and his leg.

1335
01:02:16,520 --> 01:02:18,680
Speaker 4: That's maybe the silent majority.

1336
01:02:18,280 --> 01:02:20,360
Speaker 3: Is with Yes, I think they are, but I don't

1337
01:02:20,400 --> 01:02:20,720
Speaker 3: really know.

1338
01:02:20,800 --> 01:02:23,480
Speaker 4: I'm personally I just like Tiger. Anyway, let's go.

1339
01:02:23,600 --> 01:02:24,960
Speaker 2: Let's go to the next one here and put it

1340
01:02:25,040 --> 01:02:27,760
Speaker 2: up there on the screen, because this is also important

1341
01:02:28,000 --> 01:02:31,520
Speaker 2: for the twenty twenty four race and actually possibly might

1342
01:02:31,560 --> 01:02:34,360
Speaker 2: have the most impact on everything. If we got a

1343
01:02:34,480 --> 01:02:37,160
Speaker 2: chance to not have a Biden Trump rematch, it won't

1344
01:02:37,160 --> 01:02:38,920
Speaker 2: be because democracy wants it.

1345
01:02:38,920 --> 01:02:40,000
Speaker 4: It's this headline.

1346
01:02:40,160 --> 01:02:45,000
Speaker 2: Wall Street dreads Biden Trump rematch Damie Jamie Diamond, Joe Mansion.

1347
01:02:45,240 --> 01:02:48,080
Speaker 2: The finance set is casting about for a more business

1348
01:02:48,080 --> 01:02:51,760
Speaker 2: friendly challenger, so, according to the Wall Street Journal, on

1349
01:02:51,800 --> 01:02:54,960
Speaker 2: a farm in upstate New York, Wall Street types groused

1350
01:02:55,040 --> 01:02:58,520
Speaker 2: about the upcoming presidential election in between rights.

1351
01:02:58,240 --> 01:02:59,520
Speaker 4: Of roast pig.

1352
01:03:00,080 --> 01:03:04,840
Speaker 2: Billionaire money manager Mario Gabelli and banker Ralph Schlostein were

1353
01:03:04,840 --> 01:03:08,480
Speaker 2: among the guests at a Chief Executive carnivores ball, a

1354
01:03:08,560 --> 01:03:10,720
Speaker 2: celebration of all things meet that.

1355
01:03:10,760 --> 01:03:11,440
Speaker 4: Featured a lot.

1356
01:03:11,560 --> 01:03:14,600
Speaker 2: This is the stupidest thing I've ever heard featuring lively

1357
01:03:14,680 --> 01:03:18,440
Speaker 2: discussions of potential business friendly candidates who can shake up

1358
01:03:18,480 --> 01:03:23,000
Speaker 2: the twenty twenty four race. They floated people like Secretary

1359
01:03:23,120 --> 01:03:27,240
Speaker 2: Gina Raymondo, who's the cabinet secretary. They said that they

1360
01:03:27,240 --> 01:03:30,480
Speaker 2: were dreading a Biden and a Trump rematch and that

1361
01:03:30,600 --> 01:03:34,440
Speaker 2: neither were quote business friendly enough for them.

1362
01:03:34,480 --> 01:03:35,760
Speaker 3: So insane.

1363
01:03:35,840 --> 01:03:38,200
Speaker 2: Yeah, it is insane considering how much a handout so

1364
01:03:38,240 --> 01:03:41,360
Speaker 2: they've gotten from both of them. Were They liked Ron

1365
01:03:41,600 --> 01:03:44,720
Speaker 2: at first, but now that he's chosen the side against Disney,

1366
01:03:44,720 --> 01:03:47,560
Speaker 2: there against him. You have people like Bill Ackman, who's

1367
01:03:47,560 --> 01:03:51,040
Speaker 2: tweeted his support of Vivek Ramaswami, who himself is a

1368
01:03:51,160 --> 01:03:54,040
Speaker 2: multi one hundred millionaire after the sale of his company.

1369
01:03:54,040 --> 01:03:56,919
Speaker 2: Tim Scott and South Carolina of South Carolina and Nikki

1370
01:03:56,960 --> 01:04:00,560
Speaker 2: Haley are also absolutely beloved by this donor said, people

1371
01:04:00,640 --> 01:04:03,080
Speaker 2: like Steve Schwartzman and others.

1372
01:04:03,360 --> 01:04:04,760
Speaker 4: You'll don't forget.

1373
01:04:04,800 --> 01:04:07,160
Speaker 2: You weren't here for this, but Larry Ellison was very

1374
01:04:07,160 --> 01:04:10,800
Speaker 2: prominently at Tim Scott's announcement as the VIP Guest of honor,

1375
01:04:10,880 --> 01:04:13,480
Speaker 2: the multi billionaire obviously going to underwrite the entire Yeah,

1376
01:04:13,480 --> 01:04:16,120
Speaker 2: the donors loved Tim Scott there's nobody that they love

1377
01:04:16,200 --> 01:04:20,160
Speaker 2: more in my opinion, so they've also considered this no

1378
01:04:20,320 --> 01:04:24,080
Speaker 2: labels attempt at maybe launching Joe Manchin. But I saw

1379
01:04:24,120 --> 01:04:26,040
Speaker 2: this and I was like, man, this is the only

1380
01:04:26,160 --> 01:04:30,280
Speaker 2: actual threat to the Biden Trump rematch that probably exists

1381
01:04:30,360 --> 01:04:33,360
Speaker 2: is if these Wall Street billionaires don't like it, well,

1382
01:04:33,400 --> 01:04:35,120
Speaker 2: that actually might have some impact.

1383
01:04:35,160 --> 01:04:37,160
Speaker 1: Well this was I mean, this was the play for

1384
01:04:37,280 --> 01:04:40,360
Speaker 1: Rondo Santa Is for all of capital to get behind him.

1385
01:04:40,840 --> 01:04:44,720
Speaker 1: But now both with his comments on Ukraine and also

1386
01:04:45,560 --> 01:04:48,240
Speaker 1: his war with Disney that he's sort of fallen out

1387
01:04:48,280 --> 01:04:51,920
Speaker 1: of favor and so they're casting about for some I mean,

1388
01:04:51,920 --> 01:04:54,320
Speaker 1: this is just insane to me, Like, think of how

1389
01:04:54,400 --> 01:04:57,800
Speaker 1: much these people got from the Trump presidency, Like he

1390
01:04:57,960 --> 01:05:01,000
Speaker 1: rewrote the whole tax code on their didn't close the

1391
01:05:01,000 --> 01:05:03,280
Speaker 1: Carried Interest show, didn't do any of that sort of stuff.

1392
01:05:03,640 --> 01:05:08,160
Speaker 1: Just giant gift after giant gift. Joe Biden was known

1393
01:05:08,240 --> 01:05:10,840
Speaker 1: as like the you know senator from the credit card

1394
01:05:10,880 --> 01:05:14,400
Speaker 1: capital of the country for his entire career. This is

1395
01:05:14,480 --> 01:05:18,320
Speaker 1: hardly someone who's some like radical renegade from the left.

1396
01:05:18,440 --> 01:05:22,080
Speaker 1: This is a corporate friendly democrat as much as you

1397
01:05:22,120 --> 01:05:24,880
Speaker 1: could possibly get. But the thing they don't like about

1398
01:05:24,920 --> 01:05:28,960
Speaker 1: Biden is they say his aggressive stance on anti trust

1399
01:05:29,080 --> 01:05:32,760
Speaker 1: enforcement has turned off potential backers whose profits depend on

1400
01:05:32,800 --> 01:05:34,280
Speaker 1: a healthy supply of corporate deals.

1401
01:05:34,960 --> 01:05:36,080
Speaker 3: Do you understand what that means.

1402
01:05:36,360 --> 01:05:40,439
Speaker 1: They're admitting up front they basically need monopolies, Like they're

1403
01:05:40,440 --> 01:05:43,760
Speaker 1: not looking for some free market competition. They're like, he's

1404
01:05:43,760 --> 01:05:46,240
Speaker 1: not letting us rig the market to the extent that

1405
01:05:46,280 --> 01:05:48,560
Speaker 1: we want, So we're mad at him. That's their beef

1406
01:05:48,600 --> 01:05:50,680
Speaker 1: with Joe Biden, which is astonishing. And by the way,

1407
01:05:51,280 --> 01:05:54,200
Speaker 1: just follow Matt Stoller on the number of Wall Street

1408
01:05:54,240 --> 01:05:59,160
Speaker 1: Journal editorials trashing Lena Khan over her anti trust stance.

1409
01:05:59,240 --> 01:06:02,120
Speaker 1: It's like for already one. I mean, it's an insane number.

1410
01:06:02,200 --> 01:06:04,800
Speaker 1: They have a complete jihad against this woman because they

1411
01:06:04,880 --> 01:06:07,800
Speaker 1: hate the fact that they might have some semblance of

1412
01:06:07,880 --> 01:06:11,320
Speaker 1: actual competition in the marketplace and not just a series

1413
01:06:11,360 --> 01:06:14,520
Speaker 1: of gigantic monopolies who were able to price gouge all

1414
01:06:14,520 --> 01:06:15,680
Speaker 1: of us and etc.

1415
01:06:16,160 --> 01:06:19,160
Speaker 3: So it is incredible to me that if.

1416
01:06:19,040 --> 01:06:22,560
Speaker 1: These people don't get every single thing they want at

1417
01:06:22,640 --> 01:06:25,720
Speaker 1: every single second of the day, they pitch a complete

1418
01:06:25,720 --> 01:06:29,640
Speaker 1: fit and you know, go desperately searching for some more

1419
01:06:29,680 --> 01:06:32,640
Speaker 1: friendly alternative who's actually going to literally give them everything

1420
01:06:32,640 --> 01:06:35,920
Speaker 1: they want. It reminds me of during the Obama administration,

1421
01:06:36,080 --> 01:06:41,439
Speaker 1: another very Wall Street, very corporate friendly government. He made

1422
01:06:41,520 --> 01:06:46,120
Speaker 1: some one speech that was like mildly critical of Wall

1423
01:06:46,160 --> 01:06:48,480
Speaker 1: Street at a time when they had just crashed the

1424
01:06:48,680 --> 01:06:54,080
Speaker 1: entire global financial economy and destroyed and they were so oh,

1425
01:06:54,120 --> 01:06:57,080
Speaker 1: they were so in their feelings about how could you

1426
01:06:57,160 --> 01:07:00,400
Speaker 1: criticize us? And they were, you know, openly weeping about

1427
01:07:00,400 --> 01:07:03,320
Speaker 1: how hurt they were over his mild critique of them.

1428
01:07:03,520 --> 01:07:07,320
Speaker 1: There are the most fragile, egotistical people in the entire planet.

1429
01:07:07,480 --> 01:07:09,360
Speaker 1: So if you're wondering, I don't know if you've seen.

1430
01:07:09,400 --> 01:07:10,960
Speaker 1: We haven't covered a lot of this because I don't

1431
01:07:11,000 --> 01:07:12,320
Speaker 1: think there's a lot of legs behind it.

1432
01:07:12,360 --> 01:07:16,320
Speaker 3: But there's been all this chatter about no labels.

1433
01:07:16,480 --> 01:07:19,760
Speaker 1: Fielding a presidential candidate, and Joe Manchit appears to be

1434
01:07:19,800 --> 01:07:21,919
Speaker 1: the person they would most likely to put in there

1435
01:07:21,960 --> 01:07:25,320
Speaker 1: because he is, if anything, just completely beholden to corporate America.

1436
01:07:25,360 --> 01:07:27,680
Speaker 1: Over and over again, he's proven his bona fides there.

1437
01:07:28,320 --> 01:07:30,840
Speaker 1: They actually have been working on. This is well funded

1438
01:07:30,840 --> 01:07:32,840
Speaker 1: because it's backed by these type of people. They've been

1439
01:07:32,840 --> 01:07:36,480
Speaker 1: working on getting ballot access. Democrats are very worried that

1440
01:07:36,560 --> 01:07:38,920
Speaker 1: if they do field some sort of third party candidate

1441
01:07:38,960 --> 01:07:41,000
Speaker 1: on the no label's ballot line, that this could hand

1442
01:07:41,000 --> 01:07:45,080
Speaker 1: the election to Trump. This type of maneuvering is where

1443
01:07:45,120 --> 01:07:47,760
Speaker 1: all the energy from that comes from. There is no

1444
01:07:48,000 --> 01:07:51,080
Speaker 1: organic interest in the country out there for someone to

1445
01:07:51,120 --> 01:07:54,600
Speaker 1: be even more pro Wall Street and even more pro corporate.

1446
01:07:54,960 --> 01:07:58,720
Speaker 1: But they delude themselves consistently into thinking that they represent

1447
01:07:58,800 --> 01:08:01,000
Speaker 1: some sort of silent majority to which is also just

1448
01:08:01,080 --> 01:08:02,720
Speaker 1: incredible and shows you the bubble they live in.

1449
01:08:04,160 --> 01:08:07,120
Speaker 2: It's certainly a majority of their peers, but that's the

1450
01:08:07,160 --> 01:08:09,440
Speaker 2: only yes indeed.

1451
01:08:09,480 --> 01:08:11,160
Speaker 1: All right, all right, So we got a little update

1452
01:08:11,200 --> 01:08:13,640
Speaker 1: for you on what's going on over there on MSNBC,

1453
01:08:13,840 --> 01:08:15,920
Speaker 1: which is struggling to grapple with the fact that, yes,

1454
01:08:16,000 --> 01:08:18,959
Speaker 1: Joe Biden has a healthy lead in the Democratic primary,

1455
01:08:19,120 --> 01:08:23,439
Speaker 1: but the contenders against him, Marian and RFK Junior, have

1456
01:08:23,600 --> 01:08:26,000
Speaker 1: been a little bit stronger in the polls than probably

1457
01:08:26,120 --> 01:08:27,240
Speaker 1: they're comfortable with.

1458
01:08:27,520 --> 01:08:28,720
Speaker 3: They've gone out of their way.

1459
01:08:28,800 --> 01:08:30,840
Speaker 1: All of media has to say they're not serious, and

1460
01:08:30,880 --> 01:08:33,040
Speaker 1: Biden doesn't have a real contender and he's just going

1461
01:08:33,080 --> 01:08:34,880
Speaker 1: to be anointed, and all the action is on the

1462
01:08:34,960 --> 01:08:40,400
Speaker 1: Republican side. So MSNBC's Mehdi Hassan had Marian Williamson on

1463
01:08:40,439 --> 01:08:44,800
Speaker 1: his show, presumably to talk about her campaign. Just take

1464
01:08:44,840 --> 01:08:48,360
Speaker 1: a listen to the way that Mehdi, who is supposedly

1465
01:08:48,479 --> 01:08:49,479
Speaker 1: like a progressive and a.

1466
01:08:49,520 --> 01:08:52,880
Speaker 3: Leftist, the way that he sets this up on MSNBC.

1467
01:08:53,040 --> 01:08:53,479
Speaker 3: Listen to this.

1468
01:08:53,840 --> 01:08:56,519
Speaker 8: So what do you say to those who point out that, yes,

1469
01:08:56,640 --> 01:08:59,800
Speaker 8: you are popular with younger voters and on TikTok, but

1470
01:09:00,120 --> 01:09:03,040
Speaker 8: you can't win a Democratic presidential primary. You're essentially a

1471
01:09:03,080 --> 01:09:06,719
Speaker 8: spoiler candidate, and so by primary ing Biden, all you're

1472
01:09:06,720 --> 01:09:09,439
Speaker 8: doing is weakening him in the general and making it

1473
01:09:09,520 --> 01:09:12,160
Speaker 8: easier for a Republican to beat him in twenty twenty

1474
01:09:12,200 --> 01:09:14,320
Speaker 8: four in what will be a very tight election.

1475
01:09:15,400 --> 01:09:17,000
Speaker 5: Well, there are two things about what you said. First

1476
01:09:17,040 --> 01:09:19,000
Speaker 5: of all, you said I'm a spoiler candidate. I'm not

1477
01:09:19,040 --> 01:09:22,000
Speaker 5: a spoiler candidate. I'm running in a primary, So you

1478
01:09:22,040 --> 01:09:24,040
Speaker 5: can't be a spoiler if you're running in the primary.

1479
01:09:24,200 --> 01:09:26,559
Speaker 5: The second thing you said was this narrative you can't win.

1480
01:09:26,680 --> 01:09:30,240
Speaker 5: Isn't that what people said about Donald Trump? I will

1481
01:09:30,240 --> 01:09:33,519
Speaker 5: win if people vote for me. I believe that in

1482
01:09:33,560 --> 01:09:36,479
Speaker 5: a democracy, people should have as wide an array of

1483
01:09:36,520 --> 01:09:40,360
Speaker 5: options before them as there are candidates running on agendas.

1484
01:09:41,080 --> 01:09:43,680
Speaker 5: That's what a democracy is. We need to protect our

1485
01:09:43,720 --> 01:09:46,760
Speaker 5: democracy right now, that's obvious to everyone. The way you

1486
01:09:46,800 --> 01:09:51,040
Speaker 5: protect your democracy is by using your democracy. Candidate suppression

1487
01:09:51,080 --> 01:09:53,519
Speaker 5: is a form of voter suppression. So this idea that

1488
01:09:53,560 --> 01:09:55,720
Speaker 5: I'm a spoiler, No, I'm not a spoiler. I'm a

1489
01:09:55,760 --> 01:09:59,160
Speaker 5: candidate in a primary, and it's very important. I believe

1490
01:09:59,200 --> 01:10:02,080
Speaker 5: that the president debate me, that the President debate any

1491
01:10:02,120 --> 01:10:05,360
Speaker 5: other people who are challenging him. At a time like this,

1492
01:10:05,439 --> 01:10:08,559
Speaker 5: when the fashions are clearly at the door, we should

1493
01:10:08,600 --> 01:10:11,400
Speaker 5: be having a very serious conversation about what it will

1494
01:10:11,439 --> 01:10:13,880
Speaker 5: take to defeat them, and not just accepting what the

1495
01:10:13,960 --> 01:10:16,639
Speaker 5: DNC has to say because a few elites have decided

1496
01:10:16,680 --> 01:10:17,840
Speaker 5: it's going to be Joe Biden.

1497
01:10:17,920 --> 01:10:21,919
Speaker 1: So he says you can't win and you're a spoiler,

1498
01:10:22,120 --> 01:10:24,960
Speaker 1: which she rightly is very confused by, because the previous

1499
01:10:25,000 --> 01:10:27,599
Speaker 1: definition of spoiler was a third party candidate. Like we're

1500
01:10:27,600 --> 01:10:30,400
Speaker 1: just talking about the noble labels thing, which I dispute.

1501
01:10:30,000 --> 01:10:32,320
Speaker 3: Even that right. If people want to run third party,

1502
01:10:32,479 --> 01:10:34,360
Speaker 3: is your job to feel the voters they have the

1503
01:10:34,439 --> 01:10:34,920
Speaker 3: right to do it.

1504
01:10:34,960 --> 01:10:37,280
Speaker 1: Okay, but at least with a third party thing, you

1505
01:10:37,280 --> 01:10:39,080
Speaker 1: can at least see the case that they're making here.

1506
01:10:39,479 --> 01:10:42,120
Speaker 1: She is running an RFK junior, are running in a

1507
01:10:42,160 --> 01:10:43,280
Speaker 1: democratic primary.

1508
01:10:43,840 --> 01:10:44,719
Speaker 3: These are the same.

1509
01:10:44,520 --> 01:10:48,280
Speaker 1: People who spend all day every day say democracy is

1510
01:10:48,320 --> 01:10:51,680
Speaker 1: at stake and democracy is on vote, like democracy is

1511
01:10:51,720 --> 01:10:52,600
Speaker 1: on the line.

1512
01:10:52,320 --> 01:10:54,080
Speaker 3: Because it is in the minute.

1513
01:10:54,080 --> 01:10:56,400
Speaker 1: You're like, okay, I'm here for the democratic process through

1514
01:10:56,600 --> 01:10:57,439
Speaker 1: How could you?

1515
01:10:57,840 --> 01:11:00,840
Speaker 3: How dare you? You can't win and you're spoiler? Et cetera,

1516
01:11:00,880 --> 01:11:01,280
Speaker 3: et cetera.

1517
01:11:01,760 --> 01:11:04,360
Speaker 1: Now, specifically, the role that Mehdi is playing here I

1518
01:11:04,360 --> 01:11:07,439
Speaker 1: think is particularly gross because he acknowledges Sager at another

1519
01:11:07,439 --> 01:11:09,720
Speaker 1: point in the interview, like I actually agree with you

1520
01:11:09,840 --> 01:11:11,160
Speaker 1: on policy.

1521
01:11:11,240 --> 01:11:13,640
Speaker 3: All of his objections are Number one, I don't think

1522
01:11:13,640 --> 01:11:15,840
Speaker 3: you're qualifying serious. Well, guess what. It's not up to

1523
01:11:15,880 --> 01:11:16,559
Speaker 3: you to determine.

1524
01:11:16,760 --> 01:11:19,400
Speaker 1: Voters should get the chance to determine that through a

1525
01:11:19,400 --> 01:11:22,559
Speaker 1: democratic process. So he says he agrees with her on

1526
01:11:22,600 --> 01:11:26,160
Speaker 1: the policy, but then he's giving cover and permission for

1527
01:11:26,479 --> 01:11:29,519
Speaker 1: people who are ideologically aligned with her to come up

1528
01:11:29,560 --> 01:11:32,599
Speaker 1: with some excuse for voting for some corporate back candidate

1529
01:11:32,680 --> 01:11:35,320
Speaker 1: that has been you know, failing from a progressive perspective

1530
01:11:35,320 --> 01:11:38,479
Speaker 1: and from just a like general American perspective. So I

1531
01:11:38,479 --> 01:11:42,040
Speaker 1: think it was really gross and unfair, and he didn't

1532
01:11:42,040 --> 01:11:44,439
Speaker 1: give her any chance to like discuss like what she

1533
01:11:44,520 --> 01:11:46,439
Speaker 1: actually thinks in the campaign. It was all this stuff

1534
01:11:46,479 --> 01:11:48,559
Speaker 1: about like, oh, you're not serious and you're not qualified

1535
01:11:48,560 --> 01:11:49,120
Speaker 1: and you can't win.

1536
01:11:49,280 --> 01:11:51,160
Speaker 4: Yeah, I mean I thought it was really bad. And

1537
01:11:51,280 --> 01:11:52,519
Speaker 4: also it's just not the problem.

1538
01:11:52,560 --> 01:11:55,360
Speaker 2: It's also Look with MSNBC especially, they have very little

1539
01:11:55,360 --> 01:11:58,200
Speaker 2: time I actually interview, So why would you waste your

1540
01:11:58,280 --> 01:12:02,040
Speaker 2: time actually asking a question like this about being a spoiler.

1541
01:12:02,080 --> 01:12:04,960
Speaker 2: Why don't you actually just delve into You can ask strategy,

1542
01:12:05,040 --> 01:12:07,720
Speaker 2: You could ask differences, you could ask many other things.

1543
01:12:07,720 --> 01:12:09,120
Speaker 2: I mean, you could even ask it in a different way,

1544
01:12:09,200 --> 01:12:10,840
Speaker 2: be like, look, one of the criticisms against you is

1545
01:12:10,880 --> 01:12:12,240
Speaker 2: your spoiler. What do you say to that? I mean,

1546
01:12:12,320 --> 01:12:14,920
Speaker 2: that's that's actually a more neutral way of saying it,

1547
01:12:14,960 --> 01:12:17,519
Speaker 2: instead of coming in and over the top and saying

1548
01:12:17,920 --> 01:12:20,639
Speaker 2: you are a spoiler, like you don't get to determine it.

1549
01:12:20,600 --> 01:12:22,680
Speaker 1: As right, It doesn't even make sense to society. Is

1550
01:12:23,160 --> 01:12:25,480
Speaker 1: she or Rfcare Junior are spoilers?

1551
01:12:25,520 --> 01:12:25,640
Speaker 4: Right?

1552
01:12:25,720 --> 01:12:29,280
Speaker 1: They're running in a democratic primary. So I mean this

1553
01:12:29,439 --> 01:12:32,360
Speaker 1: is to me just like does not compute. It's utter

1554
01:12:32,680 --> 01:12:36,360
Speaker 1: invented nonsense, and to waste your time on it instead

1555
01:12:36,360 --> 01:12:38,320
Speaker 1: of talking about I mean, this should be very simple,

1556
01:12:38,479 --> 01:12:42,759
Speaker 1: like if you ideologically align with Canada other than Joe Biden,

1557
01:12:42,800 --> 01:12:45,439
Speaker 1: then you should support that candidate. You know, it shouldn't

1558
01:12:45,479 --> 01:12:49,599
Speaker 1: be all of the like, but clearly like he's allowed

1559
01:12:49,600 --> 01:12:53,800
Speaker 1: at MSNBC to break with the line on things like

1560
01:12:53,880 --> 01:12:56,519
Speaker 1: you know, Israel, Palestine, and he's good on other Florid

1561
01:12:56,520 --> 01:12:57,280
Speaker 1: affairs issues.

1562
01:12:57,280 --> 01:12:58,679
Speaker 3: I don't want to take that away from him.

1563
01:12:59,160 --> 01:13:01,280
Speaker 1: But the end of the day, if you're going to

1564
01:13:01,320 --> 01:13:05,000
Speaker 1: be on MSMEC, you're going to freaking back democratic leadership.

1565
01:13:05,080 --> 01:13:07,240
Speaker 1: You're going to back Joe Biden, You're going to carry

1566
01:13:07,240 --> 01:13:09,000
Speaker 1: water for him. You're going to be in service of that.

1567
01:13:09,120 --> 01:13:11,640
Speaker 1: And in fact, it makes him a more effective propagandist

1568
01:13:11,640 --> 01:13:13,800
Speaker 1: that he does break the line occasionally on these other

1569
01:13:13,880 --> 01:13:17,080
Speaker 1: issues because he gains credibility as being this like honest

1570
01:13:17,080 --> 01:13:19,840
Speaker 1: broker and a true representative of the left. So then

1571
01:13:19,880 --> 01:13:21,760
Speaker 1: when you do something like this and it's like, well

1572
01:13:21,800 --> 01:13:26,960
Speaker 1: even leftists don't support Marianne, then you are you know,

1573
01:13:27,040 --> 01:13:30,240
Speaker 1: providing cover, providing a justification for people who should be

1574
01:13:30,280 --> 01:13:32,960
Speaker 1: her ideological allies to just get you know, sucked up

1575
01:13:32,960 --> 01:13:34,960
Speaker 1: into the whatever the DNC wants him to do.

1576
01:13:35,240 --> 01:13:39,080
Speaker 4: Quote Blue, No matter who, it's a it's a mind disease. Yeah,

1577
01:13:39,080 --> 01:13:43,560
Speaker 4: I guess that's the one I say it result, what

1578
01:13:43,600 --> 01:13:44,479
Speaker 4: are you taking a look at?

1579
01:13:44,600 --> 01:13:44,960
Speaker 3: Well?

1580
01:13:45,120 --> 01:13:47,400
Speaker 1: As you know, Donald Trump has been relentlessly hitting round

1581
01:13:47,439 --> 01:13:50,080
Speaker 1: de Santis with every attack possible, throwing it all against

1582
01:13:50,080 --> 01:13:52,320
Speaker 1: the wall to just see what sticks. But somewhere between

1583
01:13:52,360 --> 01:13:54,880
Speaker 1: slamming his lack of loyalty and alleging that he's a grumer,

1584
01:13:55,160 --> 01:13:57,479
Speaker 1: Trump's are an interesting critique into the mix. In a

1585
01:13:57,479 --> 01:13:59,759
Speaker 1: post a while ago on True Social Trump wrote, quote

1586
01:14:00,160 --> 01:14:04,240
Speaker 1: Ron the sanctimonious is delivering the biggest insurance company bailout

1587
01:14:04,280 --> 01:14:08,200
Speaker 1: to globalist insurance companies in history. He's also crushed Florida

1588
01:14:08,200 --> 01:14:11,400
Speaker 1: homeowners whose houses were destroyed in the hurricane. They're getting

1589
01:14:11,400 --> 01:14:14,439
Speaker 1: pennies on the dollar. This is the worst insurance scam

1590
01:14:14,520 --> 01:14:17,320
Speaker 1: in the entire country. Now, if you don't live in

1591
01:14:17,320 --> 01:14:19,720
Speaker 1: Florida or work in the insurance industry, you could be

1592
01:14:19,760 --> 01:14:22,439
Speaker 1: forgiven for having no idea what Trump is talking about here.

1593
01:14:22,800 --> 01:14:25,479
Speaker 1: Whether or not this particular attack undo Santis sticks. There

1594
01:14:25,560 --> 01:14:28,160
Speaker 1: is actually a lot to say about the underlying problem

1595
01:14:28,200 --> 01:14:30,800
Speaker 1: that Trump is wildly gesturing at. It's an issue that

1596
01:14:30,880 --> 01:14:33,559
Speaker 1: is increasingly relevant not only of Florida, but in states

1597
01:14:33,560 --> 01:14:37,519
Speaker 1: across the country due to climate fuel disasters. Vast swaws

1598
01:14:37,560 --> 01:14:42,040
Speaker 1: of America are becoming essentially uninsurable. Homeowners are getting gouged,

1599
01:14:42,439 --> 01:14:46,360
Speaker 1: state insurance funds are collapsing, and private insurers are demanding

1600
01:14:46,400 --> 01:14:49,040
Speaker 1: bailounce and engaging in some instances.

1601
01:14:48,520 --> 01:14:49,559
Speaker 3: In outright fraud.

1602
01:14:50,040 --> 01:14:53,120
Speaker 1: It is a mess with huge implications for homeowners and

1603
01:14:53,200 --> 01:14:56,200
Speaker 1: looming costs for the entire economy. Just take a look

1604
01:14:56,240 --> 01:14:59,360
Speaker 1: at these headlines. You've got Some insurance companies pull out

1605
01:14:59,400 --> 01:15:03,280
Speaker 1: of Luisiana in Florida in hurricane season. State Farms stops

1606
01:15:03,280 --> 01:15:07,639
Speaker 1: home insurance sales in California citing wildfire risks. Colorado's wildfire

1607
01:15:07,720 --> 01:15:10,839
Speaker 1: risk is so high some homeowners cannot get in short,

1608
01:15:11,240 --> 01:15:14,439
Speaker 1: whether it's wildfire's, hurricanes, or floods. The increased threat of

1609
01:15:14,479 --> 01:15:16,920
Speaker 1: extreme weather, especially in states along the Gulf Coast and

1610
01:15:16,920 --> 01:15:20,240
Speaker 1: in the western US, has made homeowners insurance a losing

1611
01:15:20,320 --> 01:15:23,479
Speaker 1: proposition for a lot of actors in the private market.

1612
01:15:23,840 --> 01:15:26,719
Speaker 1: In fact, the CEO of one of the largest insurance

1613
01:15:26,720 --> 01:15:29,680
Speaker 1: companies in the world, recently issued a dire warning to

1614
01:15:29,720 --> 01:15:33,160
Speaker 1: a US Senate committee that these disasters have completely destabilized

1615
01:15:33,200 --> 01:15:35,400
Speaker 1: the insurance and reinsurance industries.

1616
01:15:35,640 --> 01:15:36,439
Speaker 3: For those who don't know.

1617
01:15:36,400 --> 01:15:39,960
Speaker 1: Reinsurance is basically insurance for the insurers and backstops the

1618
01:15:40,000 --> 01:15:44,880
Speaker 1: losses from particularly catastrophic events. PLC president Eric Anderson testified

1619
01:15:44,880 --> 01:15:48,160
Speaker 1: that reinsurance companies quote have been withdrawing from high risk

1620
01:15:48,200 --> 01:15:52,040
Speaker 1: areas around wildfire and flood. In particular, he continued, just

1621
01:15:52,080 --> 01:15:54,920
Speaker 1: as the US economy was overexposed to mortgage risk in

1622
01:15:54,920 --> 01:15:58,040
Speaker 1: two thousand and eight, the economy today is overexposed to

1623
01:15:58,160 --> 01:16:01,519
Speaker 1: climate risk. Anyone with a mortgage is required by banks

1624
01:16:01,560 --> 01:16:04,439
Speaker 1: to have an active homeowners insurance policy, So what happens

1625
01:16:04,479 --> 01:16:07,200
Speaker 1: in this very un sexy sounding market can have huge

1626
01:16:07,240 --> 01:16:11,479
Speaker 1: implications for housing affordability. In high risk areas, premiums have

1627
01:16:11,560 --> 01:16:16,400
Speaker 1: been absolutely skyrocketing. In fact, after Hurricane Ian slammed into

1628
01:16:16,400 --> 01:16:18,960
Speaker 1: Florida as one of the most expensive extreme weather events

1629
01:16:18,960 --> 01:16:22,320
Speaker 1: in history, Florida homeowners have watched with horror as their

1630
01:16:22,320 --> 01:16:26,160
Speaker 1: premiums have gone up an astonishing amount. One analysis projected

1631
01:16:26,160 --> 01:16:29,439
Speaker 1: that Florida homeowners can expect a forty percent rate hike

1632
01:16:29,840 --> 01:16:32,240
Speaker 1: this year alone, and that is if you can get

1633
01:16:32,240 --> 01:16:33,120
Speaker 1: insurance at all.

1634
01:16:33,400 --> 01:16:34,680
Speaker 3: Many states, including.

1635
01:16:34,320 --> 01:16:37,720
Speaker 1: Florida, have watched as large insurers abandon the market altogether,

1636
01:16:37,880 --> 01:16:41,720
Speaker 1: leaving taxpayers as the insurer of last resort. In Colorado,

1637
01:16:42,120 --> 01:16:45,480
Speaker 1: desperate homeowners and would be homeowners have been begging legislators

1638
01:16:45,520 --> 01:16:47,960
Speaker 1: to intervene in order to establish one of those state

1639
01:16:48,040 --> 01:16:51,160
Speaker 1: insurance funds. Up until now they didn't need one, but

1640
01:16:51,240 --> 01:16:54,160
Speaker 1: wildfire risk has made areas close to forests in particular

1641
01:16:54,280 --> 01:16:58,519
Speaker 1: difficult or impossible to ensure. California's state insurance plan has

1642
01:16:58,560 --> 01:17:01,639
Speaker 1: a massive three hundred and thirty to million dollar deficit

1643
01:17:01,840 --> 01:17:04,519
Speaker 1: thanks to an influx of new policyholders due in part

1644
01:17:04,520 --> 01:17:07,679
Speaker 1: to an increase in wildfires. Now every year that state

1645
01:17:07,680 --> 01:17:09,960
Speaker 1: seems to set a new record for the expense and

1646
01:17:10,000 --> 01:17:14,120
Speaker 1: the damage of those wildfires. Overall, state sponsored plans across

1647
01:17:14,120 --> 01:17:17,080
Speaker 1: the country have seen a twenty nine percent increase in

1648
01:17:17,120 --> 01:17:20,559
Speaker 1: policies in just a three year period. It is an

1649
01:17:20,640 --> 01:17:23,479
Speaker 1: unsustainable situation and something has got a gif. And to

1650
01:17:23,479 --> 01:17:25,920
Speaker 1: bring it back around to Florida, the Sunshine State might

1651
01:17:25,960 --> 01:17:28,280
Speaker 1: be the best cautionary tale of what it looks like

1652
01:17:28,479 --> 01:17:31,679
Speaker 1: when the whole thing starts to give. According to Washington

1653
01:17:31,720 --> 01:17:35,200
Speaker 1: Post investigation, Florida's insurance market began its descent into chaos

1654
01:17:35,280 --> 01:17:38,360
Speaker 1: in two thousand and five, when devastating storms caused several

1655
01:17:38,439 --> 01:17:41,479
Speaker 1: large insurers like State Farm to flee the state. This

1656
01:17:41,640 --> 01:17:44,840
Speaker 1: left smaller, less financially stable firms to come in to

1657
01:17:44,920 --> 01:17:47,360
Speaker 1: try to fill the gap. The next big blow came

1658
01:17:47,400 --> 01:17:50,360
Speaker 1: in twenty seventeen, one of the most expensive storm seasons

1659
01:17:50,360 --> 01:17:54,040
Speaker 1: in history, most recently the destruction and cleanup of Hurricane Ian,

1660
01:17:54,080 --> 01:17:58,080
Speaker 1: which I mentioned before, tipped that system from crisis to catastrophe.

1661
01:17:58,439 --> 01:18:00,439
Speaker 1: Left in the wreckage, of course, have been home owners

1662
01:18:00,640 --> 01:18:04,360
Speaker 1: desperately trying to rebuild their lives after intense storm damage.

1663
01:18:04,560 --> 01:18:07,479
Speaker 1: Insurers have been caught engaging have been caught engaging in

1664
01:18:07,560 --> 01:18:11,400
Speaker 1: outright fraud, denying legitimate claims or paying out a tiny

1665
01:18:11,479 --> 01:18:15,360
Speaker 1: fraction of the actual incurred damages. The Washington Post uncovered

1666
01:18:15,360 --> 01:18:20,480
Speaker 1: a scheme among insurers to systematically delay and underpay policyholders

1667
01:18:20,479 --> 01:18:23,599
Speaker 1: in the state. Meanwhile, insurance lobbyists ran to the Republican

1668
01:18:23,680 --> 01:18:27,040
Speaker 1: led state legislature to demand additional protections and the bailoutfit.

1669
01:18:27,080 --> 01:18:29,599
Speaker 1: Trump referenced in his attack on DeSantis, and you know

1670
01:18:29,680 --> 01:18:33,000
Speaker 1: the man does actually have a point. Florida legislature decided

1671
01:18:33,040 --> 01:18:36,840
Speaker 1: to create a taxpayer funded one billion dollar bailout fund

1672
01:18:36,880 --> 01:18:40,200
Speaker 1: for the insurers to tap if their losses were too great.

1673
01:18:40,479 --> 01:18:43,479
Speaker 1: They also made it more difficult for stiffed and frauded

1674
01:18:43,520 --> 01:18:46,120
Speaker 1: homeowners to soothe scam insurers who are ripping them off

1675
01:18:46,160 --> 01:18:49,640
Speaker 1: on mass and the legislature limited who can get policies

1676
01:18:49,680 --> 01:18:52,519
Speaker 1: through the state run insurer, forcing more customers into the

1677
01:18:52,560 --> 01:18:56,080
Speaker 1: hands of these price gouging criminals. Hurricane Ian made landfall

1678
01:18:56,080 --> 01:18:59,200
Speaker 1: in September of last year. As of March of this year,

1679
01:18:59,520 --> 01:19:03,360
Speaker 1: thirty three three thousand Flora homeowners still have open claims

1680
01:19:03,400 --> 01:19:06,439
Speaker 1: linked to Ian that have received no payment. Another one

1681
01:19:06,479 --> 01:19:09,400
Speaker 1: hundred and twenty five thousand were closed without ever receiving

1682
01:19:09,520 --> 01:19:13,000
Speaker 1: any payment. The unmitigated March of climate crisis has forced

1683
01:19:13,040 --> 01:19:16,720
Speaker 1: a series of terrible choices on state governments and on taxpayers.

1684
01:19:16,960 --> 01:19:19,920
Speaker 1: You could have taxpayers subsidized the cost of insuring homes

1685
01:19:19,920 --> 01:19:23,000
Speaker 1: and disaster prone areas. You could continue trying to muddle

1686
01:19:23,040 --> 01:19:26,040
Speaker 1: through with a mix of private insurers, rising premiums for everyone,

1687
01:19:26,040 --> 01:19:29,200
Speaker 1: and occasional industry balance and rampant fraud. Or you can

1688
01:19:29,280 --> 01:19:33,040
Speaker 1: basically abandon the large and growing regions which are uninsurable

1689
01:19:33,160 --> 01:19:36,599
Speaker 1: due to extreme weather risk without dealing with the underlying crisis,

1690
01:19:36,600 --> 01:19:40,080
Speaker 1: our options are only set to become more painful. This

1691
01:19:40,160 --> 01:19:41,960
Speaker 1: is a huge deal in Florida, it's a huge deal

1692
01:19:41,960 --> 01:19:42,439
Speaker 1: in Texas.

1693
01:19:42,479 --> 01:19:45,280
Speaker 2: And if you want to hear my reaction to Crystal's monologue,

1694
01:19:45,280 --> 01:19:51,400
Speaker 2: become a premium subscriber today at Breakingpoints dot Com.

1695
01:19:51,439 --> 01:19:52,599
Speaker 3: All right, Sager, what are you looking at?

1696
01:19:52,720 --> 01:19:52,920
Speaker 6: Well?

1697
01:19:53,200 --> 01:19:56,160
Speaker 2: While it's certainly downside to live in interesting times, one

1698
01:19:56,200 --> 01:19:59,000
Speaker 2: of the more exciting things about the last few years

1699
01:19:59,360 --> 01:20:02,479
Speaker 2: is the feeling that just anything is possible. I especially

1700
01:20:02,479 --> 01:20:04,759
Speaker 2: felt that way when Trump was elected in twenty sixteen

1701
01:20:04,880 --> 01:20:06,960
Speaker 2: against all odds. I felt that way as I watched

1702
01:20:07,000 --> 01:20:08,880
Speaker 2: millions of people pick up and move in the middle

1703
01:20:08,880 --> 01:20:09,519
Speaker 2: of the pandemic.

1704
01:20:09,760 --> 01:20:10,439
Speaker 4: I feel it now.

1705
01:20:10,520 --> 01:20:13,360
Speaker 2: People are asking questions, making decisions they never would have

1706
01:20:13,560 --> 01:20:16,559
Speaker 2: dreamed of before, out of fear of not doing quote,

1707
01:20:16,640 --> 01:20:20,519
Speaker 2: what you're supposed to do. College attendance has for years

1708
01:20:20,560 --> 01:20:23,000
Speaker 2: now been in the category of what you're supposed to do.

1709
01:20:23,400 --> 01:20:26,320
Speaker 2: Millions of Americans a generation ago, who never would have

1710
01:20:26,360 --> 01:20:28,960
Speaker 2: considered college decided to go even if they didn't have

1711
01:20:29,000 --> 01:20:30,599
Speaker 2: the money, or even if they didn't have a clear

1712
01:20:30,640 --> 01:20:33,920
Speaker 2: idea of what they wanted to do. They spent tens

1713
01:20:33,960 --> 01:20:36,920
Speaker 2: of thousands of dollars, They went into debt on average,

1714
01:20:37,000 --> 01:20:39,679
Speaker 2: and in many cases they did not see the once

1715
01:20:39,720 --> 01:20:43,200
Speaker 2: promised wage premium. By and large, despite decades of the

1716
01:20:43,240 --> 01:20:46,080
Speaker 2: same behavior and an entire generation of people who were

1717
01:20:46,080 --> 01:20:50,200
Speaker 2: going broke, this trend still continued right up until COVID,

1718
01:20:50,400 --> 01:20:53,879
Speaker 2: when suddenly a few things became very clear. One, schools

1719
01:20:53,920 --> 01:20:58,000
Speaker 2: really were not charging you for the quote unquote college experience.

1720
01:20:58,360 --> 01:21:00,800
Speaker 2: They not only did not cut tuition but actually raised

1721
01:21:00,800 --> 01:21:03,479
Speaker 2: it during literal zoom school from home, showing that the

1722
01:21:03,479 --> 01:21:06,919
Speaker 2: only thing you're paying for is that credential. Two, despite

1723
01:21:06,920 --> 01:21:10,639
Speaker 2: the fact that demand remained relatively stable, an entire generation

1724
01:21:10,800 --> 01:21:13,360
Speaker 2: of young men just decided, you know what, screw this.

1725
01:21:13,720 --> 01:21:14,960
Speaker 4: The number of new young.

1726
01:21:14,840 --> 01:21:18,479
Speaker 2: Males entering college drop dramatically in twenty twenty one, even

1727
01:21:18,479 --> 01:21:20,519
Speaker 2: as campus is reopened, and they put us on track

1728
01:21:20,720 --> 01:21:23,719
Speaker 2: for a troubling trend. Sometime in the near future, women

1729
01:21:23,760 --> 01:21:26,760
Speaker 2: will outnumber men on college campus, and not only that,

1730
01:21:26,800 --> 01:21:29,360
Speaker 2: but outnumber them two to one. Given the way that

1731
01:21:29,400 --> 01:21:32,400
Speaker 2: our current higher elite is largely composed of the college educated.

1732
01:21:32,640 --> 01:21:35,599
Speaker 2: It will mean a dramatic misalignment of women and men,

1733
01:21:35,840 --> 01:21:37,840
Speaker 2: and will have profound social effects on.

1734
01:21:37,800 --> 01:21:39,840
Speaker 4: Our dating culture and future marriage rates.

1735
01:21:40,080 --> 01:21:42,920
Speaker 2: Despite all this data on collapsing male interest in college,

1736
01:21:43,040 --> 01:21:45,960
Speaker 2: elites have refused to stop their tune. They still insist

1737
01:21:46,000 --> 01:21:48,880
Speaker 2: student debt cancelation is the only answer, not holding the

1738
01:21:48,920 --> 01:21:52,679
Speaker 2: colleges criminally liable for lying to people. They still insest

1739
01:21:52,720 --> 01:21:55,679
Speaker 2: our broader culture doesn't have a bias against men, especially

1740
01:21:55,680 --> 01:21:58,120
Speaker 2: at the higher elite circles, and they continue to insist

1741
01:21:58,200 --> 01:22:00,400
Speaker 2: a college degree is the only way to get ahead

1742
01:22:00,439 --> 01:22:03,200
Speaker 2: in this country. Unfortunately for them, men are just not

1743
01:22:03,360 --> 01:22:06,920
Speaker 2: listening to them anymore. College enrollment rates for high school

1744
01:22:06,920 --> 01:22:09,639
Speaker 2: graduates between the ages of sixteen and twenty four dropped

1745
01:22:09,680 --> 01:22:12,960
Speaker 2: a stunning four percent overall in the last four years.

1746
01:22:13,160 --> 01:22:14,839
Speaker 4: New Labor Department data reveals.

1747
01:22:15,080 --> 01:22:19,320
Speaker 2: Unsurprisingly, this coincided with the lowest teenage unemployment rate in

1748
01:22:19,400 --> 01:22:23,280
Speaker 2: seventy years on record, a massive increase in wages paid

1749
01:22:23,280 --> 01:22:26,160
Speaker 2: in the hospitality sector and across the lower skilled economy.

1750
01:22:26,320 --> 01:22:28,880
Speaker 2: The tight labor market has made college a worse trade

1751
01:22:28,960 --> 01:22:32,120
Speaker 2: than ever for millions of people, especially men. This puts

1752
01:22:32,160 --> 01:22:34,519
Speaker 2: the current college enrollment rate at a place it has

1753
01:22:34,600 --> 01:22:38,080
Speaker 2: not been at for more than two decades. The vast

1754
01:22:38,120 --> 01:22:41,760
Speaker 2: majority of this decline is distributed to is attributed to

1755
01:22:41,800 --> 01:22:45,759
Speaker 2: male matriculation. Female college matriculation remains at sixty six percent,

1756
01:22:45,920 --> 01:22:49,200
Speaker 2: the male college rate is ten percent lower. It is

1757
01:22:49,240 --> 01:22:51,200
Speaker 2: not like these guys are just sitting on the couch either.

1758
01:22:51,439 --> 01:22:53,960
Speaker 2: Many of them have taken up apprenticeships, which are up

1759
01:22:53,960 --> 01:22:56,479
Speaker 2: fifty percent or more year over year. They're filling the

1760
01:22:56,560 --> 01:22:58,600
Speaker 2: huge shortage of roles that we have in trades and

1761
01:22:58,640 --> 01:23:00,200
Speaker 2: skilled labor positions.

1762
01:22:59,800 --> 01:23:00,879
Speaker 4: Across the economy.

1763
01:23:01,120 --> 01:23:04,200
Speaker 2: Now, across the board, the entire US population is losing

1764
01:23:04,200 --> 01:23:07,080
Speaker 2: faith in college too. Only fifty two percent of respondents

1765
01:23:07,080 --> 01:23:09,600
Speaker 2: in a recent Wall Street Journal poll said college was

1766
01:23:09,640 --> 01:23:12,320
Speaker 2: worth the cost, and a record fifty six percent said

1767
01:23:12,320 --> 01:23:15,719
Speaker 2: it's not. Again, the male female differential here is worth noting.

1768
01:23:16,000 --> 01:23:18,680
Speaker 2: Men are much much more likely than women to say

1769
01:23:18,720 --> 01:23:21,160
Speaker 2: college is not worth it and express a delight at

1770
01:23:21,160 --> 01:23:23,920
Speaker 2: the ability to make a better wage than before whether

1771
01:23:24,000 --> 01:23:25,920
Speaker 2: having to go to the trouble of going to college.

1772
01:23:26,120 --> 01:23:26,839
Speaker 4: Make no mistake.

1773
01:23:26,920 --> 01:23:29,440
Speaker 2: On a long enough timeline, this is going to dramatically

1774
01:23:29,479 --> 01:23:32,479
Speaker 2: reshape the face of America. College is not just about

1775
01:23:32,560 --> 01:23:35,920
Speaker 2: education more and more, it's really about ideology and lifestyle.

1776
01:23:36,160 --> 01:23:38,080
Speaker 4: Whether you have a four year college.

1777
01:23:37,760 --> 01:23:40,920
Speaker 2: Degree or not is the best single approximator today for

1778
01:23:41,040 --> 01:23:43,519
Speaker 2: how you vote. If you attended college, you are likely

1779
01:23:43,560 --> 01:23:46,559
Speaker 2: a Democratic voter, and vice versa. Of course, there are

1780
01:23:46,640 --> 01:23:50,200
Speaker 2: many important exceptions, and I am talking about averages, but

1781
01:23:50,240 --> 01:23:53,160
Speaker 2: the point remains clear. If you went to college, you

1782
01:23:53,240 --> 01:23:56,879
Speaker 2: are much much more likely to have very different cultural

1783
01:23:56,920 --> 01:23:59,599
Speaker 2: tastes than if you did not, including but not limited

1784
01:23:59,600 --> 01:24:02,479
Speaker 2: to type of music that you like, the TV shows

1785
01:24:02,479 --> 01:24:04,960
Speaker 2: you watch, where you go on vacation, where you shop

1786
01:24:04,960 --> 01:24:08,559
Speaker 2: for groceries, what you consider a societal problem, whether you

1787
01:24:08,600 --> 01:24:11,280
Speaker 2: know anyone in the military, so many things like this.

1788
01:24:11,640 --> 01:24:13,519
Speaker 2: If you don't go to college, you will be very

1789
01:24:13,520 --> 01:24:16,479
Speaker 2: different in your preferences and your desires in almost every

1790
01:24:16,520 --> 01:24:19,519
Speaker 2: single one of those categories. Personally, I don't think there's

1791
01:24:19,560 --> 01:24:22,120
Speaker 2: anything wrong with that now, as long as both sides

1792
01:24:22,120 --> 01:24:24,639
Speaker 2: are not trying to police the other. But the issue

1793
01:24:24,840 --> 01:24:28,200
Speaker 2: is what happens when those separate dramatically by gender and

1794
01:24:28,400 --> 01:24:31,599
Speaker 2: class lines. We already have lots of data to show

1795
01:24:31,640 --> 01:24:34,120
Speaker 2: that the mismatch between men and women in college is

1796
01:24:34,160 --> 01:24:37,200
Speaker 2: having a huge effect already on the potential dating pool

1797
01:24:37,320 --> 01:24:40,240
Speaker 2: for college graduate females especially. It is leading to a

1798
01:24:40,360 --> 01:24:42,920
Speaker 2: major loneliness crisis for a number of men who are

1799
01:24:42,920 --> 01:24:46,880
Speaker 2: having very very hard times finding a female mate. Young

1800
01:24:47,040 --> 01:24:49,840
Speaker 2: female depression gets all the headlines, but as I've laid

1801
01:24:49,840 --> 01:24:52,599
Speaker 2: out here before, it's really young men who are in crisis.

1802
01:24:52,880 --> 01:24:55,200
Speaker 2: Young men commit suicide at four times the rate of

1803
01:24:55,240 --> 01:24:58,040
Speaker 2: young women. They make up eighty percent of all suicide

1804
01:24:58,120 --> 01:25:01,559
Speaker 2: debts of male versus female. Young Men who remain single

1805
01:25:01,600 --> 01:25:04,599
Speaker 2: for prolonged periods of their life suffer worse health outcomes.

1806
01:25:04,600 --> 01:25:08,599
Speaker 2: They achieve lower wages, they report lower satisfaction. Generally, they

1807
01:25:08,640 --> 01:25:12,200
Speaker 2: are not thriving structurally. You're in a tough place right now.

1808
01:25:12,439 --> 01:25:15,160
Speaker 2: Men understand that they are mostly not wanted at college,

1809
01:25:15,280 --> 01:25:16,760
Speaker 2: or that it is not a good deal for them,

1810
01:25:16,960 --> 01:25:19,559
Speaker 2: But the working class wages that they are seeking are

1811
01:25:19,600 --> 01:25:22,599
Speaker 2: not high enough in the long run or show enough

1812
01:25:22,640 --> 01:25:25,080
Speaker 2: promise to actually set them up for middle class or

1813
01:25:25,120 --> 01:25:27,960
Speaker 2: upper middle class life in the future. Thus they remain

1814
01:25:28,040 --> 01:25:31,200
Speaker 2: in this odd middle ground gray area. They're not thriving

1815
01:25:31,280 --> 01:25:33,839
Speaker 2: enough to attract many women who are themselves college graduates

1816
01:25:33,920 --> 01:25:36,240
Speaker 2: who also find themselves lonely and miserable.

1817
01:25:36,439 --> 01:25:39,479
Speaker 4: What you need is a total reset of this whole system.

1818
01:25:39,640 --> 01:25:43,160
Speaker 2: The college education expectation needs to drop, Our working class

1819
01:25:43,200 --> 01:25:46,000
Speaker 2: wages need to rise even more than they currently have.

1820
01:25:46,280 --> 01:25:48,760
Speaker 2: Trades need to be seen in the same level that

1821
01:25:48,800 --> 01:25:51,720
Speaker 2: we see a bachelor's of accounting, for example, and the

1822
01:25:51,880 --> 01:25:54,880
Speaker 2: entire idea of what you should be doing needs to

1823
01:25:54,920 --> 01:25:58,240
Speaker 2: be redefined in every high school in the country until

1824
01:25:58,240 --> 01:26:01,639
Speaker 2: that time. Unfortunately, we are in it in for it socially,

1825
01:26:01,880 --> 01:26:04,880
Speaker 2: despite how predictable the doom spiral of all of this

1826
01:26:04,960 --> 01:26:05,439
Speaker 2: really is.

1827
01:26:05,720 --> 01:26:08,320
Speaker 4: We cover a lot of this stuff here and if you.

1828
01:26:08,320 --> 01:26:11,120
Speaker 1: Want to hear my reaction to Sager's monologue, become a

1829
01:26:11,160 --> 01:26:16,640
Speaker 1: premium subscriber today at Breakingpoints dot Com.

1830
01:26:16,880 --> 01:26:19,080
Speaker 4: Great show for everybody. Thank you all so much for

1831
01:26:19,160 --> 01:26:19,639
Speaker 4: joining us.

1832
01:26:19,800 --> 01:26:22,320
Speaker 2: We really appreciate it and for helping us out become

1833
01:26:22,360 --> 01:26:24,800
Speaker 2: premium members and help build out this new set. We're

1834
01:26:24,800 --> 01:26:26,720
Speaker 2: really excited to show it to all of you. We're

1835
01:26:26,760 --> 01:26:28,720
Speaker 2: going to have fun debuts. Make sure you guys are

1836
01:26:28,760 --> 01:26:30,840
Speaker 2: checking your emails. We're going to be sending instructions and

1837
01:26:31,640 --> 01:26:33,479
Speaker 2: like outlays in terms of how we're doing it. As

1838
01:26:33,520 --> 01:26:36,000
Speaker 2: Chrystal mentioned, we will be remote next week while the

1839
01:26:36,040 --> 01:26:39,040
Speaker 2: studio is completely redone here with all the renovations that

1840
01:26:39,120 --> 01:26:39,559
Speaker 2: take place.

1841
01:26:39,680 --> 01:26:40,880
Speaker 4: You're the ones who are funding it.

1842
01:26:40,920 --> 01:26:43,240
Speaker 2: You're the ones who are helping us out breakingpoints dot

1843
01:26:43,240 --> 01:26:45,839
Speaker 2: com if you're able otherwise, we'll see you all on Thursday.

1844
01:26:45,840 --> 01:26:47,640
Speaker 4: We've got a great counterporn show.

1845
01:26:47,680 --> 01:26:49,400
Speaker 3: And actually I'm in for Ryan tomorrow.

1846
01:26:49,439 --> 01:26:51,280
Speaker 4: Oh I didn't know though, cool while they're stuck.

1847
01:26:51,080 --> 01:26:53,439
Speaker 1: With me, and tomorrow too, it'll be a lady's shown.

1848
01:26:53,479 --> 01:26:55,400
Speaker 1: We can talk about men in crisis. Emily, yeah you

1849
01:26:55,400 --> 01:26:58,320
Speaker 1: should have it. But yeah, so I'll be in for

1850
01:26:58,400 --> 01:27:01,599
Speaker 1: Ryan tomorrow and I'll be here on Thursday. So I'm,

1851
01:27:01,800 --> 01:27:03,479
Speaker 1: you know, pulling over to It's just like kind of

1852
01:27:03,479 --> 01:27:05,280
Speaker 1: making up for Ryan, filling in for me while I

1853
01:27:05,320 --> 01:27:05,720
Speaker 1: was on Honey.

1854
01:27:06,960 --> 01:27:08,280
Speaker 2: It's nice for you to do that, but I don't

1855
01:27:08,280 --> 01:27:10,000
Speaker 2: think you have to, all right, you guys there, so

1856
01:27:10,160 --> 01:27:11,519
Speaker 2: fun ladies show for everyone there.

1857
01:27:11,520 --> 01:27:12,280
Speaker 3: You go, see you then,