1 00:00:00,640 --> 00:00:04,160 Speaker 1: Hi, I'm Molly John Fast and this is Fast Politics, 2 00:00:04,360 --> 00:00:07,120 Speaker 1: where we discussed the top political headlines with some of 3 00:00:07,160 --> 00:00:12,040 Speaker 1: today's best minds. And Senator Marco Rubio is no longer 4 00:00:12,160 --> 00:00:15,720 Speaker 1: the us AR. Covis, Oh, well, that's good to know. 5 00:00:15,960 --> 00:00:17,919 Speaker 1: We have such a great show for you today. Think 6 00:00:18,040 --> 00:00:21,959 Speaker 1: like an economist. Justin Wolfers joins us to talk about 7 00:00:22,000 --> 00:00:25,759 Speaker 1: the increasingly worrying state of the United States economy. Then 8 00:00:25,760 --> 00:00:29,479 Speaker 1: we'll talk to The Miami Herald's own Julie K. Brown 9 00:00:29,920 --> 00:00:33,360 Speaker 1: about the Epstein files and all the information that she 10 00:00:33,520 --> 00:00:37,280 Speaker 1: actually has that she's reported and how that relates to 11 00:00:37,320 --> 00:00:40,120 Speaker 1: the redacted files. But first the news, So. 12 00:00:40,120 --> 00:00:44,440 Speaker 2: Mike, last night, in my birth district where I grew up, 13 00:00:44,520 --> 00:00:47,400 Speaker 2: there was a major, major political upset that no one 14 00:00:47,440 --> 00:00:51,600 Speaker 2: saw coming, where the AOC and Bernie becked candidate whose 15 00:00:51,720 --> 00:00:53,519 Speaker 2: name I am not going to be getting to attempt 16 00:00:53,560 --> 00:00:54,440 Speaker 2: to pronounce. 17 00:00:54,360 --> 00:00:56,080 Speaker 1: Soon to be Congress home in Masia. 18 00:00:56,440 --> 00:01:00,320 Speaker 2: She pulled out a victory in this district. And what 19 00:01:00,400 --> 00:01:03,280 Speaker 2: many people are analyzing this as is that she seemed 20 00:01:03,280 --> 00:01:05,160 Speaker 2: to be the one that was saying I'm going to 21 00:01:05,200 --> 00:01:07,600 Speaker 2: fight hardest, and everybody else seemed a little bit more 22 00:01:07,600 --> 00:01:09,399 Speaker 2: on the cave side, and this is the thing we've 23 00:01:09,440 --> 00:01:11,320 Speaker 2: talked about a lot on this podcast. I'm curious what 24 00:01:11,480 --> 00:01:13,560 Speaker 2: you think of what many are calling it the liberal 25 00:01:13,600 --> 00:01:14,199 Speaker 2: tea Party. 26 00:01:14,360 --> 00:01:16,760 Speaker 1: Yes, so I want to pause because this is actually 27 00:01:16,760 --> 00:01:17,480 Speaker 1: a primary. 28 00:01:17,880 --> 00:01:19,240 Speaker 2: Yeah, it's a DEM primary. 29 00:01:19,520 --> 00:01:23,520 Speaker 1: It's a special primary. They're going against a Republican. It's 30 00:01:23,600 --> 00:01:28,280 Speaker 1: for New Jersey's eleventh congressional district that originally belonged to 31 00:01:28,319 --> 00:01:30,880 Speaker 1: Mike Chow who is now the governor of New Jersey. 32 00:01:31,160 --> 00:01:35,360 Speaker 1: Now I want to talk about this district because it's 33 00:01:35,400 --> 00:01:40,640 Speaker 1: a D plus five and Milanowski was the congressman who 34 00:01:40,640 --> 00:01:43,520 Speaker 1: had had this yea before. Anyway, the point of this 35 00:01:43,640 --> 00:01:47,640 Speaker 1: story is that the more lefty candidate one now she 36 00:01:47,840 --> 00:01:53,360 Speaker 1: will run in the special, which I assume is probably 37 00:01:53,400 --> 00:01:57,880 Speaker 1: pretty soon against the Republican who's called Joe Hathaway. The 38 00:01:57,920 --> 00:02:01,680 Speaker 1: good news for every one is that it is yet 39 00:02:01,720 --> 00:02:06,559 Speaker 1: another time where APAC has gotten involved in a congressional race. 40 00:02:06,800 --> 00:02:10,919 Speaker 1: You know, it's interesting because Milanowski was endorsed by Andy Kim. 41 00:02:11,240 --> 00:02:14,760 Speaker 1: He had been in Congress. Now, I'm not super familiar 42 00:02:14,800 --> 00:02:17,320 Speaker 1: with the machinations of this primary race, but it's just 43 00:02:17,440 --> 00:02:20,120 Speaker 1: interesting to see that APAC went in there and had 44 00:02:20,440 --> 00:02:22,639 Speaker 1: a result that was not what they had hoped for, 45 00:02:22,800 --> 00:02:27,400 Speaker 1: and have elevated someone who's probably less excited about giving money. 46 00:02:27,560 --> 00:02:31,600 Speaker 2: It is way less, we could say, probably definitely. 47 00:02:31,160 --> 00:02:34,919 Speaker 1: Is right exactly, And so that is how we find 48 00:02:34,960 --> 00:02:39,360 Speaker 1: ourselves here. And you know, that's what's going on. So 49 00:02:39,639 --> 00:02:42,600 Speaker 1: a special election for that seat coming up soon. 50 00:02:43,000 --> 00:02:46,040 Speaker 2: So in other news, many people are getting very worried 51 00:02:46,040 --> 00:02:49,040 Speaker 2: about Donald Trump's rhetoric about what he's going to do 52 00:02:49,040 --> 00:02:52,520 Speaker 2: in the big terms, specifically the rhetoric that's happening surrounding 53 00:02:52,520 --> 00:02:54,799 Speaker 2: the White House where they are talking about that they 54 00:02:54,800 --> 00:02:58,440 Speaker 2: can't guarantee an ICE agent won't be around polling locations, 55 00:02:58,760 --> 00:03:01,760 Speaker 2: and in response, many Democrats are talking about grinding the 56 00:03:01,800 --> 00:03:04,120 Speaker 2: country and the economy to a halt and doing a 57 00:03:04,200 --> 00:03:07,560 Speaker 2: national strike if Trump messes with the midterms. Okay, so 58 00:03:07,960 --> 00:03:12,520 Speaker 2: that is too late. Here's what needs to happen. We 59 00:03:12,600 --> 00:03:15,360 Speaker 2: need to be on this right now. Donald Trump cannot 60 00:03:15,360 --> 00:03:18,079 Speaker 2: mess with the midterms. He wants to mess with the midterms. 61 00:03:18,120 --> 00:03:20,160 Speaker 2: He wants to pass the Save Act, he wants to 62 00:03:20,200 --> 00:03:23,560 Speaker 2: have ICE agents near polling locations. What needs to happen 63 00:03:23,760 --> 00:03:27,280 Speaker 2: is none of this. And I think the good news 64 00:03:27,520 --> 00:03:30,359 Speaker 2: is that there are enough people who believe in American 65 00:03:30,400 --> 00:03:33,360 Speaker 2: democracy in this country. You know, it's a mistake to 66 00:03:33,600 --> 00:03:36,560 Speaker 2: believe that Donald Trump is operating from a place of strength, 67 00:03:36,720 --> 00:03:37,320 Speaker 2: because he's not. 68 00:03:37,440 --> 00:03:40,560 Speaker 1: He's operating from a place of weakness. And I think 69 00:03:40,840 --> 00:03:45,720 Speaker 1: that he is doing these things threatening ice, trying to 70 00:03:45,760 --> 00:03:48,760 Speaker 1: pass the Save Act, desperately trying to do anything he 71 00:03:48,800 --> 00:03:51,760 Speaker 1: can because he knows that the stuff he has done 72 00:03:51,960 --> 00:03:55,200 Speaker 1: Trump two point zero is wildly unpopular. People don't like 73 00:03:55,400 --> 00:03:59,080 Speaker 1: citizens getting murdered in their cars. They don't like this 74 00:03:59,280 --> 00:04:03,640 Speaker 1: militia wandering around the streets without accountability. They don't like it. 75 00:04:03,880 --> 00:04:06,120 Speaker 1: That's not how we've lived for a long time. And 76 00:04:06,160 --> 00:04:08,960 Speaker 1: Donald Trump has run a foul, inadvertently, run a foul 77 00:04:09,040 --> 00:04:11,080 Speaker 1: of all sorts of stuff. He's run a foul of 78 00:04:11,240 --> 00:04:15,000 Speaker 1: people who our gun rights activists. I mean, this guy 79 00:04:15,320 --> 00:04:18,479 Speaker 1: is so on the flip side. We're just in a 80 00:04:18,600 --> 00:04:22,360 Speaker 1: complete disaster scenario. So that is why I say to 81 00:04:22,400 --> 00:04:27,760 Speaker 1: you it is absolutely way, way, way way too late 82 00:04:27,839 --> 00:04:30,800 Speaker 1: when the midterms happen. We need protections now, and our 83 00:04:30,839 --> 00:04:34,440 Speaker 1: governors can do that. States can pass laws, you know, 84 00:04:34,560 --> 00:04:38,440 Speaker 1: Illinois is a great example. States can pass laws making 85 00:04:38,560 --> 00:04:43,200 Speaker 1: rules against ice, making rules against them getting near polling 86 00:04:43,240 --> 00:04:48,520 Speaker 1: locations or getting near anywhere that it's not appropriate for 87 00:04:48,640 --> 00:04:51,760 Speaker 1: them to be. So I think it's too late when 88 00:04:51,839 --> 00:04:54,000 Speaker 1: we're at the midterms. I think we need to be 89 00:04:54,120 --> 00:04:58,040 Speaker 1: there immediately, you know. I don't think that it makes 90 00:04:58,200 --> 00:05:01,760 Speaker 1: any sense for us to be like if he messaged 91 00:05:01,760 --> 00:05:04,160 Speaker 1: with the midterms, anything Donald Trump is going to do 92 00:05:04,200 --> 00:05:06,760 Speaker 1: that's bad. He's going to do. Like if we've learned 93 00:05:06,800 --> 00:05:10,720 Speaker 1: anything from Trump one point zero racist stuff, just whatever 94 00:05:10,839 --> 00:05:13,839 Speaker 1: he can do, he will do. You should assume he 95 00:05:13,880 --> 00:05:16,440 Speaker 1: will do it, and you should be ready with every 96 00:05:16,600 --> 00:05:18,080 Speaker 1: possible contingency plan. 97 00:05:18,279 --> 00:05:20,719 Speaker 2: Now one might say, if you give him enough rope, 98 00:05:20,760 --> 00:05:23,599 Speaker 2: he'll take all of it and probably to make it 99 00:05:23,600 --> 00:05:24,160 Speaker 2: into a deuce. 100 00:05:24,480 --> 00:05:27,719 Speaker 1: Yeah, for you, not to himself. I mean, like that's 101 00:05:27,839 --> 00:05:31,119 Speaker 1: and really for democracy. So I think by the time 102 00:05:31,200 --> 00:05:33,560 Speaker 1: the midterms happen, it's too late. We need to be 103 00:05:33,640 --> 00:05:36,080 Speaker 1: prepared now for what this guy's going to do. 104 00:05:36,400 --> 00:05:40,159 Speaker 2: Speaking of there is some talk that Republicans are really 105 00:05:40,160 --> 00:05:42,640 Speaker 2: going to make a hard push for this Save Act. 106 00:05:42,960 --> 00:05:45,479 Speaker 2: I think people should be really calling their congress people, 107 00:05:45,640 --> 00:05:49,880 Speaker 2: especially if they're congress person is a Republican. For those 108 00:05:49,920 --> 00:05:52,200 Speaker 2: of you who do not think this does anything. I 109 00:05:52,240 --> 00:05:55,160 Speaker 2: am married to someone who takes those calls all day. 110 00:05:55,400 --> 00:05:58,240 Speaker 2: They really do go through, and they scare politicians. 111 00:05:58,640 --> 00:06:03,839 Speaker 1: No, the best thing you can do is absolutely call politicians. 112 00:06:03,960 --> 00:06:07,840 Speaker 1: Call your politicians, and also you know, call your governor 113 00:06:08,040 --> 00:06:11,239 Speaker 1: if you I mean, governors have power to prevent ice 114 00:06:11,320 --> 00:06:15,560 Speaker 1: from being near polling situations. They can pass local bills 115 00:06:15,760 --> 00:06:19,520 Speaker 1: and so for sure, for sure that should absolutely happen. 116 00:06:19,680 --> 00:06:24,159 Speaker 1: So call call. That is your power is to get 117 00:06:24,200 --> 00:06:28,800 Speaker 1: people activated, is to get them scared, Like these people 118 00:06:29,000 --> 00:06:32,800 Speaker 1: work for you and you can get them scared. I 119 00:06:32,800 --> 00:06:35,159 Speaker 1: mean that is really that's how. 120 00:06:35,000 --> 00:06:38,560 Speaker 2: It should be agreed. So Maya, because it's twenty twenty six, 121 00:06:38,640 --> 00:06:41,279 Speaker 2: we have to discuss something very very stupid that I 122 00:06:41,279 --> 00:06:44,000 Speaker 2: wish we didn't have to discuss, which is that Trump 123 00:06:44,120 --> 00:06:49,599 Speaker 2: retweeted AI cartoons of the Obamas as monkeys, and even 124 00:06:49,920 --> 00:06:52,320 Speaker 2: one Senator, Tim Scott spoke up about this. 125 00:06:52,839 --> 00:06:56,400 Speaker 1: Yeah, it's interesting because there have actually been a bunch 126 00:06:56,480 --> 00:06:59,400 Speaker 1: of Republican senators who've spoke up about this. Now, this 127 00:06:59,480 --> 00:07:02,520 Speaker 1: is not because they're brave. This is also not because 128 00:07:02,560 --> 00:07:07,200 Speaker 1: they're good people. This is because they see how unpopular 129 00:07:07,320 --> 00:07:10,880 Speaker 1: Trump is and they're trying to do whatever they can 130 00:07:11,440 --> 00:07:14,800 Speaker 1: so that that unpopularity doesn't wash up on them. It's 131 00:07:14,880 --> 00:07:18,480 Speaker 1: worth pausing for a minute and thinking about a guy 132 00:07:18,560 --> 00:07:21,840 Speaker 1: called Mike Lawler who has weird facial hair and is 133 00:07:21,880 --> 00:07:23,800 Speaker 1: a member of Congress in New York. 134 00:07:23,680 --> 00:07:27,200 Speaker 2: Also affinity for blackface, which does come into play here, and. 135 00:07:27,240 --> 00:07:31,920 Speaker 1: Is also a big Michael Jackson fan, but not necessarily exactly. 136 00:07:32,120 --> 00:07:36,560 Speaker 1: But Mike Lawler, he's in a seat that Kamala Harris won. 137 00:07:36,960 --> 00:07:41,200 Speaker 1: He knows that his time in Congress is short. He 138 00:07:41,440 --> 00:07:47,560 Speaker 1: sees these partisan, these humongous, humongous headwinds going into the midterms, 139 00:07:47,960 --> 00:07:51,400 Speaker 1: and he knows that there are not enough Ice agents 140 00:07:51,920 --> 00:07:54,880 Speaker 1: to guarantee my man is keeping his seat. And that 141 00:07:55,120 --> 00:07:58,800 Speaker 1: is why he actually was all over this tweet because 142 00:07:58,840 --> 00:08:01,920 Speaker 1: he said, you know, he should leaded. Whoever tweeted this 143 00:08:01,960 --> 00:08:04,480 Speaker 1: should be fired. Let me tell you a secret. Whoever 144 00:08:04,520 --> 00:08:09,120 Speaker 1: tweeted this is Trump. Okay. This is a guy who 145 00:08:09,400 --> 00:08:13,840 Speaker 1: ran for president on the racist lie that Obama was 146 00:08:13,880 --> 00:08:17,200 Speaker 1: not born in this country. So this is not a mystery. 147 00:08:17,800 --> 00:08:20,600 Speaker 1: This is the guy's a racist. He's told us he's 148 00:08:20,640 --> 00:08:25,280 Speaker 1: a racist. He's racisty racist. He said, you know, Mexicans 149 00:08:25,320 --> 00:08:28,640 Speaker 1: are rapists and some I assume are good people. That's 150 00:08:28,640 --> 00:08:32,360 Speaker 1: what they like about him. So these Republicans who are 151 00:08:32,360 --> 00:08:37,080 Speaker 1: disavowing him are doing it merely because they finally found 152 00:08:37,120 --> 00:08:40,560 Speaker 1: something they think they can do that that makes them 153 00:08:40,559 --> 00:08:44,520 Speaker 1: seem a little different than Trump. This is just completely 154 00:08:44,960 --> 00:08:49,080 Speaker 1: and utterly craven and feckless and not true. 155 00:08:49,480 --> 00:08:50,680 Speaker 2: So we'll be shocked to hear though. 156 00:08:50,800 --> 00:08:52,560 Speaker 3: Caroline Levitt still defended it. 157 00:08:52,960 --> 00:08:56,439 Speaker 1: Yeah, Carolyn Levitt immediately like what did she say? It 158 00:08:56,480 --> 00:08:58,600 Speaker 1: didn't tweeted or I mean. 159 00:08:58,960 --> 00:09:00,840 Speaker 2: They said she said no to the your usual. The 160 00:09:00,880 --> 00:09:03,199 Speaker 2: American people aren't concerned with things like this. 161 00:09:03,480 --> 00:09:06,840 Speaker 1: Yeah, American people don't care. It's funny, you know Botya 162 00:09:07,600 --> 00:09:08,840 Speaker 1: Batya who. 163 00:09:09,080 --> 00:09:11,640 Speaker 2: Hungersar God For those unfamiliar with one of the worst 164 00:09:11,720 --> 00:09:13,080 Speaker 2: pundits ever to do it. 165 00:09:13,000 --> 00:09:15,360 Speaker 1: Well, she used to be lefty and now she's ready. 166 00:09:15,559 --> 00:09:17,640 Speaker 2: You mean she used to see an opportunity on the 167 00:09:17,720 --> 00:09:20,000 Speaker 2: left and then she went for an opportunity on the rioters. 168 00:09:20,280 --> 00:09:22,840 Speaker 1: She was saying that the American people don't care about 169 00:09:22,840 --> 00:09:26,800 Speaker 1: Epstein because only the elites care about Epstein. But the 170 00:09:26,920 --> 00:09:30,880 Speaker 1: joke is the elites want Epstein to go away. The 171 00:09:30,920 --> 00:09:35,520 Speaker 1: American people care about a sex trafficking ring filled with elites. 172 00:09:35,679 --> 00:09:41,800 Speaker 1: It just is so deeply misguided. This is about the elites. 173 00:09:42,080 --> 00:09:45,000 Speaker 1: This is something that people care about, just like people 174 00:09:45,040 --> 00:09:48,600 Speaker 1: don't want a president who tweets racist stuff, and they 175 00:09:48,640 --> 00:09:50,839 Speaker 1: don't want to live in the nineteen fifties, and they 176 00:09:50,840 --> 00:09:56,040 Speaker 1: don't want masks police arresting. You know, we saw today 177 00:09:56,240 --> 00:09:58,719 Speaker 1: on Morning Joe when we were doing Morning Joe, they 178 00:09:58,880 --> 00:10:00,680 Speaker 1: you know, they had a video of a guy who 179 00:10:00,760 --> 00:10:03,440 Speaker 1: was taking his two year old to buy food and 180 00:10:03,480 --> 00:10:05,840 Speaker 1: he got picked up by ice. Like then they used 181 00:10:05,880 --> 00:10:07,679 Speaker 1: the two year old to try to get the mom. 182 00:10:07,880 --> 00:10:09,720 Speaker 1: I mean, you know, we're the richest country in the 183 00:10:09,720 --> 00:10:13,800 Speaker 1: world and we're living like we're in hunger games. Yep, 184 00:10:21,240 --> 00:10:24,560 Speaker 1: we have exciting news over at our YouTube channel. The 185 00:10:24,679 --> 00:10:28,720 Speaker 1: second episode from our Project twenty twenty nine series is 186 00:10:28,760 --> 00:10:32,440 Speaker 1: out now. It's a reimagining where we examine what went 187 00:10:32,480 --> 00:10:35,400 Speaker 1: wrong with democrats approach to politics and how we can 188 00:10:35,440 --> 00:10:38,720 Speaker 1: correct it and deliver changes to help people's lives. The 189 00:10:38,800 --> 00:10:43,319 Speaker 1: first episode dove into the very sexy topic of campaign 190 00:10:43,440 --> 00:10:47,080 Speaker 1: finance reform, and our second episode deals with an even 191 00:10:47,200 --> 00:10:53,160 Speaker 1: sexier topic, antitrust and regulation. We look at how anti 192 00:10:53,200 --> 00:10:58,120 Speaker 1: trust and regulation can protect American citizens and make America 193 00:10:58,600 --> 00:11:03,920 Speaker 1: thrive in an era of rampant corruption and predatory crony capitalism. 194 00:11:04,240 --> 00:11:07,200 Speaker 1: We talk to the smartest names in the field like 195 00:11:07,480 --> 00:11:13,319 Speaker 1: Lena Khan, el Vero Bedoya, Elizabeth Wilkins, and Doha Mecki. 196 00:11:13,559 --> 00:11:17,400 Speaker 1: Republicans were prepared for when they got the levers of power. 197 00:11:17,640 --> 00:11:20,920 Speaker 1: We need democrats to be too, So please head over 198 00:11:20,960 --> 00:11:24,880 Speaker 1: to YouTube and search Mollie John Fast Project twenty twenty nine, 199 00:11:25,200 --> 00:11:29,600 Speaker 1: or go to the Fast Politics YouTube channel and find 200 00:11:29,640 --> 00:11:34,800 Speaker 1: it there and help us spread the word. Justin Wolfers 201 00:11:34,880 --> 00:11:37,320 Speaker 1: is the host of the Things Like an Economist podcast 202 00:11:37,320 --> 00:11:40,120 Speaker 1: and the professor at the University of Michigan. Welcome, Welcome, 203 00:11:40,280 --> 00:11:41,160 Speaker 1: Justin Wolfers. 204 00:11:41,600 --> 00:11:43,240 Speaker 3: Molly tell you. 205 00:11:44,160 --> 00:11:48,800 Speaker 1: I'm good. You're here to tell us how's our economy doing. 206 00:11:48,840 --> 00:11:49,920 Speaker 1: It's doing great, right. 207 00:11:50,840 --> 00:11:51,280 Speaker 3: I don't know. 208 00:11:53,320 --> 00:11:57,559 Speaker 1: I feel like a lot of stuff happened that because 209 00:11:57,720 --> 00:12:01,560 Speaker 1: there's so many insane things happened. We haven't been talking 210 00:12:02,160 --> 00:12:09,280 Speaker 1: about the dollar and the markets and fall all the markets, 211 00:12:09,400 --> 00:12:12,360 Speaker 1: or the FED or even the Bureau of Labor Statistics 212 00:12:12,720 --> 00:12:15,439 Speaker 1: or the tariffs, and I feel like we should be. 213 00:12:15,679 --> 00:12:18,680 Speaker 3: You know, That's what I say to people, and then 214 00:12:18,920 --> 00:12:24,120 Speaker 3: they say, shut up nerd. That's it. That's how dinner 215 00:12:24,160 --> 00:12:24,959 Speaker 3: parties go for me. 216 00:12:24,960 --> 00:12:30,920 Speaker 1: Mate, So explain to us what's the opposite of shut 217 00:12:31,000 --> 00:12:31,400 Speaker 1: up nerd? 218 00:12:31,880 --> 00:12:33,280 Speaker 3: Open up nerd? 219 00:12:33,600 --> 00:12:34,719 Speaker 1: Tell us what's going on? 220 00:12:34,960 --> 00:12:36,640 Speaker 3: I mean, you have to say the opposite of nerd 221 00:12:36,679 --> 00:12:39,360 Speaker 3: as well. So come on, have had a compliment. 222 00:12:39,840 --> 00:12:43,240 Speaker 1: Very smart, but that's not really the opposite nerd. Anyway. 223 00:12:43,679 --> 00:12:46,040 Speaker 1: The point is we had the job support. 224 00:12:47,040 --> 00:12:49,959 Speaker 3: Well, I was just waiting for a compliment, and you 225 00:12:50,080 --> 00:12:53,520 Speaker 3: just went straight too hard, you said, and just kept moving. 226 00:12:53,559 --> 00:12:56,520 Speaker 1: Our favorite economist. 227 00:12:57,000 --> 00:12:59,599 Speaker 3: Well, well, who's your second favorite, Molly. You don't have 228 00:12:59,640 --> 00:13:03,200 Speaker 3: a second favorite, do you, Betsy? Okay, fine, all right, 229 00:13:03,600 --> 00:13:04,959 Speaker 3: I'll Betsy I came first. 230 00:13:05,040 --> 00:13:10,040 Speaker 1: Yeah, yeah, your audience, no, okay, Betsy's tell us what's 231 00:13:10,080 --> 00:13:10,439 Speaker 1: going on? 232 00:13:11,160 --> 00:13:14,480 Speaker 3: Okay, We're an interesting moment in lots of different ways. Okay, 233 00:13:14,520 --> 00:13:17,200 Speaker 3: so what's the big news? Really big news is the 234 00:13:17,200 --> 00:13:19,440 Speaker 3: President has announced his pick for to be next FED chair. 235 00:13:19,840 --> 00:13:22,680 Speaker 3: He announced Kevin Walsh, to be known as Handsome Kevin, 236 00:13:22,840 --> 00:13:25,640 Speaker 3: not to be confused with Happy Kevin. Happy Kevin is 237 00:13:25,679 --> 00:13:27,400 Speaker 3: the Kevin who smiles a lot out in the front 238 00:13:27,400 --> 00:13:28,840 Speaker 3: of the White House while lying to you. 239 00:13:29,440 --> 00:13:29,760 Speaker 1: Ken. 240 00:13:31,120 --> 00:13:35,200 Speaker 3: That's that was sick a fan. Kevin, I am not 241 00:13:35,320 --> 00:13:38,120 Speaker 3: mean like you see, we economists we give each other 242 00:13:38,400 --> 00:13:42,480 Speaker 3: due deference and we're polite and kind, and he just 243 00:13:42,520 --> 00:13:46,600 Speaker 3: seems so happy, and that's nice. The President, of course, 244 00:13:47,000 --> 00:13:49,920 Speaker 3: did point out literally, quite explicitly, that one of the 245 00:13:49,960 --> 00:13:53,920 Speaker 3: most important qualifications to be the most powerful economist in 246 00:13:53,960 --> 00:13:57,000 Speaker 3: the world, arguably the second most powerful person in the world, 247 00:13:57,200 --> 00:14:01,400 Speaker 3: aka the FED Chair, was to be handsome. In fact, 248 00:14:01,440 --> 00:14:04,040 Speaker 3: that's how we got Ja Powell as FED Chair. You 249 00:14:04,080 --> 00:14:07,960 Speaker 3: may not remember this, but we had a short woman 250 00:14:08,400 --> 00:14:12,880 Speaker 3: from Brooklyn, Janet Yellen, who had an unbelievably strong record 251 00:14:12,880 --> 00:14:17,000 Speaker 3: at the FED. She was FED Chair normally you reappoint, 252 00:14:17,200 --> 00:14:20,800 Speaker 3: and the President didn't think she looked the part, so 253 00:14:20,840 --> 00:14:23,440 Speaker 3: he chose j Allen instead, who had My god, he's 254 00:14:23,480 --> 00:14:26,840 Speaker 3: a silver fox, isn't he? That shock of gray hair 255 00:14:27,000 --> 00:14:30,840 Speaker 3: and the wisdom that Jay brings to the table. And 256 00:14:30,880 --> 00:14:33,760 Speaker 3: so he chose Jay instead because he was more handsome. 257 00:14:34,360 --> 00:14:37,200 Speaker 3: It turns out he didn't like j. Powell, but he 258 00:14:37,280 --> 00:14:40,560 Speaker 3: thought that what he needed was the same job qualification, 259 00:14:40,720 --> 00:14:43,880 Speaker 3: So when he was interviewing happy Kevin and handsome Kevin, 260 00:14:44,000 --> 00:14:45,080 Speaker 3: he chose handsome Kevin. 261 00:14:45,200 --> 00:14:49,160 Speaker 1: Kevin wash Handsome Kevin is also the son in law 262 00:14:49,440 --> 00:14:53,000 Speaker 1: of Ronald lawd Are, a big Republican donor. I'm sure 263 00:14:53,000 --> 00:14:55,000 Speaker 1: that had nothing to do with it, but it probably 264 00:14:55,040 --> 00:14:55,760 Speaker 1: did not hurt. 265 00:14:56,440 --> 00:15:01,320 Speaker 3: And what products does Louder Corporation make? Yeah, skincare. I 266 00:15:01,320 --> 00:15:04,160 Speaker 3: bet handsome Kevin has great skin. I still don't want 267 00:15:04,160 --> 00:15:05,200 Speaker 3: to touch it now. 268 00:15:05,080 --> 00:15:08,440 Speaker 1: All right, So back, we've got to keep you on track. Yeah, yeah, 269 00:15:09,040 --> 00:15:15,920 Speaker 1: handsome Kevin. It's handsome Kevin. He's a hawk, explained, is right? 270 00:15:16,120 --> 00:15:18,120 Speaker 3: Wonderful question. So here's the diving he might be saying, 271 00:15:18,120 --> 00:15:19,640 Speaker 3: what does it mean that we now have a handsome 272 00:15:19,680 --> 00:15:23,440 Speaker 3: central banker? So the one simple way to think about 273 00:15:23,880 --> 00:15:26,520 Speaker 3: economists or monetary economsts people think think about the FED 274 00:15:26,560 --> 00:15:29,640 Speaker 3: is on a spectrum from hawk to dove. Okay, what 275 00:15:29,760 --> 00:15:33,560 Speaker 3: is a hawk? A hawk is someone who is always 276 00:15:33,600 --> 00:15:37,200 Speaker 3: worried about inflation. And the way you clunk inflation on 277 00:15:37,240 --> 00:15:42,040 Speaker 3: the head is you raise interest rates. A dove is 278 00:15:42,120 --> 00:15:45,119 Speaker 3: much more worried about unemployment. The way you attack unemployment 279 00:15:45,160 --> 00:15:47,720 Speaker 3: as you lower interest rates. So hawks generally tend to 280 00:15:47,720 --> 00:15:50,520 Speaker 3: want higher interest rates. Doves generally tend to want lower 281 00:15:50,560 --> 00:15:54,760 Speaker 3: interest rates. Hawks use the word inflation a lot doves 282 00:15:55,920 --> 00:15:59,120 Speaker 3: use the word unemployment a lot. Kevin wash was a 283 00:15:59,160 --> 00:16:01,080 Speaker 3: FED governor from two thousand and six, I think to 284 00:16:01,120 --> 00:16:04,160 Speaker 3: twenty eleven. It sounds like agent history to some people, 285 00:16:04,160 --> 00:16:08,080 Speaker 3: but that was also included the financial crisis of two 286 00:16:08,120 --> 00:16:10,720 Speaker 3: thousand and eight. Would a young Molly Jong fast cut 287 00:16:10,760 --> 00:16:13,840 Speaker 3: her teeth as an aspiring writer? Was it vanity fair 288 00:16:14,480 --> 00:16:16,080 Speaker 3: writing about the financial crisis? 289 00:16:16,160 --> 00:16:19,200 Speaker 1: Yes? Yes, God gone some. 290 00:16:19,160 --> 00:16:22,520 Speaker 3: Penetrating insight in those columns they hold up well, the 291 00:16:22,560 --> 00:16:25,640 Speaker 3: world went to crap, and then the question is what's 292 00:16:25,680 --> 00:16:29,320 Speaker 3: the recovery going to look like? H And you might think, 293 00:16:29,360 --> 00:16:32,560 Speaker 3: if you've got double digit unemployment and no inflation and 294 00:16:32,560 --> 00:16:34,360 Speaker 3: a totally flattened economy, what you need to do is 295 00:16:34,360 --> 00:16:37,440 Speaker 3: cut interest rates, and that is in fact what the 296 00:16:37,480 --> 00:16:40,920 Speaker 3: Fed did. But even with low interest rates, it was 297 00:16:40,960 --> 00:16:44,160 Speaker 3: a grindingly slow recovery and it took six seven eight 298 00:16:44,240 --> 00:16:46,640 Speaker 3: years before the unemployment rate got to back to where 299 00:16:46,680 --> 00:16:50,040 Speaker 3: it was. Careers were destroyed, family incomes were lowered, and 300 00:16:50,040 --> 00:16:52,520 Speaker 3: now otherwise needed to be. There was far too much 301 00:16:52,640 --> 00:16:56,080 Speaker 3: misery through that period. I raised that period because throughout 302 00:16:56,080 --> 00:16:58,640 Speaker 3: that entire period, Kevin Walsh, as a member of the FED, 303 00:16:58,760 --> 00:17:02,640 Speaker 3: was continually critical and his claim was interest rates were 304 00:17:02,640 --> 00:17:06,320 Speaker 3: too low, and he woke up every day days where 305 00:17:06,320 --> 00:17:08,560 Speaker 3: there were millions of people unemployed who didn't need to 306 00:17:08,600 --> 00:17:11,639 Speaker 3: be unemployed, and said, I'm so worried inflations just around 307 00:17:11,680 --> 00:17:14,959 Speaker 3: the corner. That's what we need to guard against. And 308 00:17:15,000 --> 00:17:18,000 Speaker 3: if Handsome Kevin had been running the FED through that period, 309 00:17:18,480 --> 00:17:22,080 Speaker 3: we would have had much higher unemployment, much more prolonged unemployment, 310 00:17:22,160 --> 00:17:27,119 Speaker 3: possibly a generation permanently scarred or damaged by an ongoing 311 00:17:27,359 --> 00:17:30,879 Speaker 3: slow economy. So there's a lot right there which is 312 00:17:31,200 --> 00:17:35,760 Speaker 3: Handsome Kevin was a hawk. Here's a weird thing, though, 313 00:17:36,119 --> 00:17:39,440 Speaker 3: since the President started auditioning for the next FED chair, 314 00:17:39,480 --> 00:17:41,360 Speaker 3: he's all of a sudden decided that he thinks low 315 00:17:41,440 --> 00:17:43,480 Speaker 3: interest rates are a really good idea. So the guy 316 00:17:43,880 --> 00:17:46,639 Speaker 3: hated low interest rates when in unemployment was ten percent 317 00:17:46,880 --> 00:17:52,200 Speaker 3: today thinks they're fantastic. So it's unemployment today a little 318 00:17:52,200 --> 00:17:53,720 Speaker 3: bit below four and a half percent. 319 00:17:53,960 --> 00:17:56,000 Speaker 1: Right, So you would it would make sense that you 320 00:17:56,000 --> 00:18:01,240 Speaker 1: would want to have lower interest rates when unemployment is higher, and. 321 00:18:02,600 --> 00:18:06,200 Speaker 3: No concern with the lives of ordinary working people who 322 00:18:06,240 --> 00:18:09,600 Speaker 3: are thrown out of work during what, until COVID had 323 00:18:09,640 --> 00:18:13,880 Speaker 3: been the deepest recession of our lives. So what's happened? Boy? 324 00:18:14,000 --> 00:18:17,080 Speaker 3: I think nobody knows, right, So okay. One possibility is 325 00:18:17,080 --> 00:18:20,160 Speaker 3: the president who very explicitly wants a dove. He wants 326 00:18:20,160 --> 00:18:22,119 Speaker 3: someone dovey in the dove. I don't know what can 327 00:18:22,160 --> 00:18:26,119 Speaker 3: be doveed in the dove, but a dove dove all. 328 00:18:26,160 --> 00:18:27,560 Speaker 3: He does want a sick a fan too, But he 329 00:18:27,600 --> 00:18:30,560 Speaker 3: wants low interest rates. He has put in place the 330 00:18:30,600 --> 00:18:34,120 Speaker 3: only person who showed during the recovery from the last 331 00:18:34,119 --> 00:18:37,920 Speaker 3: Great Recession that he hated low interest rates. So what's 332 00:18:38,000 --> 00:18:41,679 Speaker 3: going on? One possibility, maybe Handsome Kevin just lied to 333 00:18:41,720 --> 00:18:43,560 Speaker 3: the president to get the job, and once he gets 334 00:18:43,600 --> 00:18:47,000 Speaker 3: in there, we'll get hawkish handsome Kevin who is going 335 00:18:47,000 --> 00:18:50,840 Speaker 3: to raise interest rates and slow the economy sharply one possibility. 336 00:18:50,920 --> 00:18:57,960 Speaker 3: Another possibility is that he means it that all he 337 00:18:58,080 --> 00:19:01,680 Speaker 3: wants is the job that, as Paul Krugman has said, 338 00:19:01,680 --> 00:19:04,159 Speaker 3: a political animal, that when Democrats are in power he 339 00:19:04,200 --> 00:19:06,480 Speaker 3: wants high interest rates, and when Republicans are in power, 340 00:19:06,480 --> 00:19:09,840 Speaker 3: he wants low interest rates. One thing's for sure, he's 341 00:19:09,880 --> 00:19:13,920 Speaker 3: never gone back and said my judgment was wrong six 342 00:19:14,000 --> 00:19:16,040 Speaker 3: years in a row. There's no question that it was 343 00:19:16,320 --> 00:19:20,439 Speaker 3: and I think one should probably learn from that. And 344 00:19:20,480 --> 00:19:24,399 Speaker 3: then there is this deep question that I normally wouldn't ask. Normally, 345 00:19:24,400 --> 00:19:26,320 Speaker 3: i'd say, well, you've got your track record, turns out 346 00:19:26,320 --> 00:19:29,640 Speaker 3: it wasn't very good. But what deal did you make 347 00:19:29,680 --> 00:19:32,400 Speaker 3: with the president? I normally wouldn't ask that because presidents 348 00:19:32,400 --> 00:19:34,320 Speaker 3: don't normally ask the FED chair to make a deal 349 00:19:34,359 --> 00:19:38,879 Speaker 3: with them. Presidents normally don't intervene. Presidents are not normally transactional. 350 00:19:39,280 --> 00:19:42,439 Speaker 3: But somehow a super hawk ended up being picked by 351 00:19:42,440 --> 00:19:46,680 Speaker 3: a guy who wants a dove, and that raises many, many, 352 00:19:46,720 --> 00:19:47,520 Speaker 3: many questions. 353 00:19:47,760 --> 00:19:53,679 Speaker 1: I wonder if you could talk about Donald Trump's economy 354 00:19:53,760 --> 00:19:58,080 Speaker 1: right now, the dollar. Where we are with the dollar 355 00:19:58,320 --> 00:20:00,760 Speaker 1: and the tariffs and. 356 00:20:00,760 --> 00:20:04,560 Speaker 3: All of the things. Are all the things, okay, So 357 00:20:04,680 --> 00:20:09,200 Speaker 3: let's start with the dollar. The dollar fell modestly, modestly 358 00:20:09,240 --> 00:20:12,400 Speaker 3: sharply over the past few days. One word I would 359 00:20:12,680 --> 00:20:15,919 Speaker 3: recommend your audience never use is the word strong or weak. 360 00:20:16,400 --> 00:20:21,000 Speaker 3: Way is that because those are terms that naturally, particularly 361 00:20:21,040 --> 00:20:25,639 Speaker 3: for those of are suffering testosterone poisoning, activate how our emotions. 362 00:20:25,960 --> 00:20:28,040 Speaker 3: So some people say, now we have a week dollar, 363 00:20:28,240 --> 00:20:30,000 Speaker 3: how does the president feel about that? It's just a 364 00:20:30,080 --> 00:20:33,120 Speaker 3: price it's the price of US dollars and another currency, 365 00:20:33,240 --> 00:20:35,560 Speaker 3: or the price for another currency in US dollars, and 366 00:20:35,640 --> 00:20:38,040 Speaker 3: that price is lower. What does that do well? It 367 00:20:38,080 --> 00:20:40,760 Speaker 3: does two things, one good, one less good. The good 368 00:20:40,760 --> 00:20:43,359 Speaker 3: thing is it makes American goods cheaper for folks who 369 00:20:43,359 --> 00:20:46,520 Speaker 3: are abroad. If what you wanted was to sell more 370 00:20:46,520 --> 00:20:49,040 Speaker 3: stuff from American factories, this actually. 371 00:20:48,680 --> 00:20:49,760 Speaker 1: Helps, right. 372 00:20:49,960 --> 00:20:54,919 Speaker 3: Unfortunately, it makes foreign stuff more expensive for Americans. And 373 00:20:54,960 --> 00:20:56,960 Speaker 3: if one felt one were in the middle of an 374 00:20:57,000 --> 00:21:01,639 Speaker 3: affordability crisis, might thing that raising the price of foreign 375 00:21:01,720 --> 00:21:04,359 Speaker 3: goods is a bad idea. And then there's a deeper question, 376 00:21:04,440 --> 00:21:07,520 Speaker 3: which is what does this mean. So if this were 377 00:21:07,560 --> 00:21:11,400 Speaker 3: just caused by differences in inflation or some other thing, 378 00:21:11,520 --> 00:21:14,919 Speaker 3: not a big deal. If this is, folks, the dollar 379 00:21:15,000 --> 00:21:18,080 Speaker 3: is down because people stopped believing in the American economy. 380 00:21:18,119 --> 00:21:20,360 Speaker 3: People were no longer willing to invest in America, which 381 00:21:20,359 --> 00:21:22,320 Speaker 3: case they wouldn't need to buy US dollars. And that's 382 00:21:22,359 --> 00:21:26,200 Speaker 3: the reason that would be. It was a damaging trend 383 00:21:26,480 --> 00:21:29,480 Speaker 3: caused the dollar to fall, and that in itself would 384 00:21:29,520 --> 00:21:31,720 Speaker 3: be worth worrying about. Now, the fact that the dollar 385 00:21:31,840 --> 00:21:34,760 Speaker 3: is at a lower price right now is not in 386 00:21:34,800 --> 00:21:37,040 Speaker 3: and of itself a bad thing, but it does raise 387 00:21:37,040 --> 00:21:40,720 Speaker 3: the question why is it? And to preface, I don't 388 00:21:40,760 --> 00:21:43,480 Speaker 3: know the answer, but it does raise questions. 389 00:21:43,359 --> 00:21:46,640 Speaker 1: Do you think this is a bit of that or now. 390 00:21:46,520 --> 00:21:49,040 Speaker 3: I think the dollar is so freaking expensive that the 391 00:21:49,080 --> 00:21:52,480 Speaker 3: best sorry, so freaking complicated, The best answer if the 392 00:21:52,520 --> 00:21:55,480 Speaker 3: audience the honest one is I don't have a great answer, 393 00:21:55,920 --> 00:21:58,840 Speaker 3: but I do worry that the rest of the world 394 00:21:58,920 --> 00:22:01,000 Speaker 3: is losing its patience with the United States. 395 00:22:01,440 --> 00:22:05,480 Speaker 1: Right, that's a pretty good explanation. I mean, it's certainly 396 00:22:05,520 --> 00:22:08,000 Speaker 1: the worry that a lot of us have because we 397 00:22:08,040 --> 00:22:10,600 Speaker 1: did try to go to war over Greenland. 398 00:22:11,600 --> 00:22:13,879 Speaker 3: So I think it wive a marvelous point, which is, 399 00:22:13,880 --> 00:22:15,720 Speaker 3: on any given day, you and I sit down and 400 00:22:15,760 --> 00:22:19,160 Speaker 3: we'll talk about whatever the story dajour is, and then 401 00:22:19,359 --> 00:22:24,280 Speaker 3: just remembering literally just a couple of weeks ago, we 402 00:22:24,280 --> 00:22:27,720 Speaker 3: were talking about taking over Greenland and the end of 403 00:22:27,720 --> 00:22:32,400 Speaker 3: the post war consensus and the reordering of defense ties. 404 00:22:32,960 --> 00:22:35,679 Speaker 3: It's just extraordinary and the idea that that's not the 405 00:22:35,720 --> 00:22:38,760 Speaker 3: most important economic story of our time, that we have 406 00:22:39,080 --> 00:22:42,560 Speaker 3: a president who appears to want the world to think 407 00:22:42,560 --> 00:22:44,639 Speaker 3: that maybe he'll go to war, maybe he won't, that 408 00:22:45,320 --> 00:22:48,960 Speaker 3: he doesn't regard past US deals as binding him that 409 00:22:49,960 --> 00:22:54,000 Speaker 3: is willing to play the aggressor. It's these are you 410 00:22:54,040 --> 00:22:55,879 Speaker 3: don't need me to tell you this money. These are 411 00:22:55,880 --> 00:22:57,000 Speaker 3: interesting times. 412 00:22:58,359 --> 00:22:59,359 Speaker 1: Not that interesting. 413 00:23:00,000 --> 00:23:02,440 Speaker 3: Do you want to hear a good yess story? 414 00:23:02,560 --> 00:23:03,720 Speaker 1: Yes, yes I do. 415 00:23:03,840 --> 00:23:07,640 Speaker 3: I want to always been like you know, it's I 416 00:23:07,680 --> 00:23:11,119 Speaker 3: talked too much about bad news, so good news. So 417 00:23:11,280 --> 00:23:16,120 Speaker 3: on Friday last week, President Trump announced the new Commissioner 418 00:23:16,280 --> 00:23:19,600 Speaker 3: of the Bureau of Labor Statistics fellow by the name 419 00:23:19,640 --> 00:23:24,480 Speaker 3: of Brett Matsimoto. Now here's something that shouldn't be news, 420 00:23:24,480 --> 00:23:27,760 Speaker 3: but it is. He's an extraordinarily qualified non partisan fellow. 421 00:23:28,000 --> 00:23:31,720 Speaker 3: What yeah, Now, I'm just. 422 00:23:31,440 --> 00:23:33,880 Speaker 1: Going to get fired like the person before him. 423 00:23:34,400 --> 00:23:36,000 Speaker 3: Right, So I was going to say, let's give a 424 00:23:36,000 --> 00:23:37,760 Speaker 3: little bit of context to see why this is a 425 00:23:37,800 --> 00:23:39,960 Speaker 3: good news story. So, because I think you and I 426 00:23:40,000 --> 00:23:42,240 Speaker 3: talked about earlier rounds of this, you can think about 427 00:23:42,240 --> 00:23:44,280 Speaker 3: this as being a play in three acts. The first 428 00:23:44,280 --> 00:23:47,240 Speaker 3: act is the previous commissioner, who like, this was a 429 00:23:47,320 --> 00:23:49,400 Speaker 3: job no one I'd ever heard of before. It's it's 430 00:23:49,440 --> 00:23:51,119 Speaker 3: really I mean, in my world, we've heard of it. 431 00:23:51,160 --> 00:23:52,959 Speaker 3: We love this job in my world, but in the 432 00:23:52,960 --> 00:23:56,359 Speaker 3: real world, no one cares. The previous commissioner, Erica mcannifer, 433 00:23:57,200 --> 00:24:01,080 Speaker 3: was fired by the president because she reported truthfully the 434 00:24:01,160 --> 00:24:05,880 Speaker 3: truth about how the job market was doing. Sometimes we say, 435 00:24:05,920 --> 00:24:08,159 Speaker 3: don't shoot the messenger, and that's kind of meant to 436 00:24:08,160 --> 00:24:10,240 Speaker 3: be a metaphor for something. But you like, hands over 437 00:24:10,280 --> 00:24:12,399 Speaker 3: the numbers and he's like, you're fired. Not a lot 438 00:24:12,440 --> 00:24:17,680 Speaker 3: of metaphor going on there, and you know that shocked everyone. 439 00:24:17,760 --> 00:24:20,520 Speaker 3: This is not what first world countries are meant to do. 440 00:24:20,840 --> 00:24:23,639 Speaker 3: Then it got worse. The President got to a point, 441 00:24:23,800 --> 00:24:26,080 Speaker 3: gets to a point a replacement, and so he in 442 00:24:26,119 --> 00:24:30,360 Speaker 3: fact went to nominate a candidate who was so poorly 443 00:24:30,440 --> 00:24:33,639 Speaker 3: qualified that a blue people's minds even in this administration. 444 00:24:33,680 --> 00:24:36,639 Speaker 3: Fellow by the name of E. J. Antony Fellow, who 445 00:24:36,720 --> 00:24:40,720 Speaker 3: has exactly one piece of research with exactly one citation, 446 00:24:40,840 --> 00:24:43,359 Speaker 3: and that was by a former friend of his, A 447 00:24:43,440 --> 00:24:48,040 Speaker 3: fellow who is being tapped to lead the Bureau of 448 00:24:48,119 --> 00:24:50,680 Speaker 3: Labor Statistics. He'd never run a bureau, he doesn't work 449 00:24:50,720 --> 00:24:53,160 Speaker 3: on labor, and he doesn't understand statistics. 450 00:24:53,359 --> 00:24:55,640 Speaker 1: That sounds like a Trump nominee, a. 451 00:24:55,640 --> 00:24:58,080 Speaker 3: Guy who wouldn't have gotten an entry level job there. 452 00:24:58,200 --> 00:25:01,600 Speaker 3: They wanted him to run the whole organization right now. 453 00:25:01,640 --> 00:25:03,479 Speaker 3: It actually turns out that there is a step too 454 00:25:03,520 --> 00:25:05,679 Speaker 3: far for this Senate, and the Senate said, no, we 455 00:25:05,720 --> 00:25:07,720 Speaker 3: cannot do this. The fact that it turns out this 456 00:25:07,760 --> 00:25:10,760 Speaker 3: guy actually has a much better track record at turning 457 00:25:10,840 --> 00:25:14,840 Speaker 3: up to January sixth insurrections than knowing anything about statistics 458 00:25:15,200 --> 00:25:17,000 Speaker 3: might have been too much. So the Senate said, we're 459 00:25:17,000 --> 00:25:18,600 Speaker 3: not going to let you go with this guy. And 460 00:25:18,680 --> 00:25:21,119 Speaker 3: so then last Friday, so then like, this is a 461 00:25:21,280 --> 00:25:23,480 Speaker 3: terrible story so far. This is someone who's trying to 462 00:25:23,520 --> 00:25:26,399 Speaker 3: destroy our statistical infrastructure, who's trying to appoint people who 463 00:25:26,440 --> 00:25:28,840 Speaker 3: are not qualified, who's undermining. 464 00:25:28,359 --> 00:25:31,160 Speaker 1: Our alternative facts alternately all. 465 00:25:31,119 --> 00:25:34,359 Speaker 3: Because of facts. And then last Friday and this, I 466 00:25:34,480 --> 00:25:36,960 Speaker 3: just it's so beautiful. The President announced he was appointing 467 00:25:36,960 --> 00:25:39,760 Speaker 3: Brett mat Tomoto. You may not know Brett, but Brett 468 00:25:39,800 --> 00:25:42,600 Speaker 3: was a career Bureau of Labor Statistics simploye. It's spent 469 00:25:42,640 --> 00:25:45,200 Speaker 3: fifteen years there as a pH d economist. He's written 470 00:25:45,240 --> 00:25:49,520 Speaker 3: papers on the most splendidly nerdy things in the world, 471 00:25:49,600 --> 00:25:52,440 Speaker 3: like how do we get health insurance? How do we 472 00:25:52,440 --> 00:25:55,000 Speaker 3: account for that in measuring the cost of living? Which 473 00:25:55,040 --> 00:25:57,680 Speaker 3: is stuff the bls is we to do. So we've 474 00:25:57,680 --> 00:26:00,000 Speaker 3: gone from a world in which we had a whole 475 00:26:00,040 --> 00:26:03,639 Speaker 3: highly qualified, non partisan head to having a highly qualified 476 00:26:03,720 --> 00:26:06,199 Speaker 3: non partisan head and I am so happy. 477 00:26:07,080 --> 00:26:08,800 Speaker 1: And how did this happen? 478 00:26:09,359 --> 00:26:11,000 Speaker 3: I think that's a big question, and I actually think 479 00:26:11,000 --> 00:26:12,439 Speaker 3: it's a very deep question. So first of all, I 480 00:26:12,440 --> 00:26:14,840 Speaker 3: do want to point out that in between, the President 481 00:26:14,920 --> 00:26:17,800 Speaker 3: caused a lot of damage, pointless damage. He went from 482 00:26:17,800 --> 00:26:19,560 Speaker 3: one nerd to another nerd, and it's going to be 483 00:26:19,640 --> 00:26:21,439 Speaker 3: run well in between, but he's done everything he can 484 00:26:21,480 --> 00:26:25,840 Speaker 3: to undermine the credibility of government statistics. In between, How 485 00:26:25,840 --> 00:26:28,360 Speaker 3: did this happen? I don't know. So one thing. It 486 00:26:28,600 --> 00:26:34,000 Speaker 3: could be the President just got bored. I might be 487 00:26:34,200 --> 00:26:36,640 Speaker 3: the only person in the world who likes talking about 488 00:26:36,680 --> 00:26:38,960 Speaker 3: the Bureau of Labor statistics. I have been to dinner 489 00:26:39,000 --> 00:26:41,520 Speaker 3: parties and I cannot get people to buy it. Could 490 00:26:41,520 --> 00:26:44,640 Speaker 3: be the Senate actually insisted this. 491 00:26:44,720 --> 00:26:49,359 Speaker 1: Actually dovetails was another question I had, which is Kevin 492 00:26:49,880 --> 00:26:53,600 Speaker 1: wash handsome kid has to go through a Senate confirmation. 493 00:26:54,040 --> 00:26:54,240 Speaker 2: Right. 494 00:26:54,880 --> 00:26:59,879 Speaker 1: The Senate is not delighted with Trump right now, but 495 00:27:00,119 --> 00:27:05,120 Speaker 1: he needs fifty votes to pass, right, so talk us through, 496 00:27:05,440 --> 00:27:07,280 Speaker 1: I mean, and we already heard Tom Te. 497 00:27:07,400 --> 00:27:09,440 Speaker 3: He also has to get out of committee, and that's 498 00:27:09,440 --> 00:27:12,399 Speaker 3: where tell Us is really important. So yeah, right, so 499 00:27:12,680 --> 00:27:15,240 Speaker 3: the President gets nominated guy, the Senate hats to decide 500 00:27:15,240 --> 00:27:17,760 Speaker 3: what to do with it. Yeah. I said a few 501 00:27:17,760 --> 00:27:20,080 Speaker 3: critical things about Warsh earlier. Let me come back and 502 00:27:20,119 --> 00:27:22,840 Speaker 3: actually say a few positives. So you can think about 503 00:27:22,840 --> 00:27:26,280 Speaker 3: the potential nominees as being out of two hats. One 504 00:27:26,359 --> 00:27:30,760 Speaker 3: hat is the sort of folks who really take economics 505 00:27:30,800 --> 00:27:36,399 Speaker 3: of monetary policy seriously and clowns, cranks and charlottons. In 506 00:27:36,440 --> 00:27:38,560 Speaker 3: the past, we would never even talk about that second 507 00:27:38,560 --> 00:27:40,480 Speaker 3: hat because it would never be considered possible. 508 00:27:40,480 --> 00:27:40,639 Speaker 1: But E. 509 00:27:40,800 --> 00:27:43,800 Speaker 3: J an Tony, for instance, is from the clown's, charlaton's 510 00:27:43,840 --> 00:27:46,840 Speaker 3: and crank's bucket. The President the past has tried to 511 00:27:46,880 --> 00:27:49,000 Speaker 3: appoint people to the FED who were from that bucket, 512 00:27:49,600 --> 00:27:52,199 Speaker 3: Judy Shelton, who's a gold bug, for instance. So the 513 00:27:52,200 --> 00:27:55,080 Speaker 3: good news about Handsome Kevin is he's from the serious bucket, 514 00:27:55,240 --> 00:27:58,119 Speaker 3: and that might be enough to get him through. Having 515 00:27:58,160 --> 00:28:00,119 Speaker 3: said that he's from the serious bucket. But if you 516 00:28:00,119 --> 00:28:03,000 Speaker 3: aligned all the serious people and said how many have 517 00:28:03,040 --> 00:28:05,520 Speaker 3: you got every single call wrong? Between two thousand and 518 00:28:05,600 --> 00:28:10,040 Speaker 3: six and twenty eleven. Handsome Kevin got more of those 519 00:28:10,080 --> 00:28:13,240 Speaker 3: things wrong than anyone else. How many people have had 520 00:28:13,240 --> 00:28:17,520 Speaker 3: a public about face with no explanation. Only Handsome Kevin. 521 00:28:17,560 --> 00:28:20,080 Speaker 3: Although smiling Kevin does that. Happy Kevin does that too. 522 00:28:22,960 --> 00:28:26,159 Speaker 3: So there are really important questions to be asked. But 523 00:28:26,240 --> 00:28:29,120 Speaker 3: at least he's from that. He's from the right side 524 00:28:29,160 --> 00:28:33,320 Speaker 3: of things. The other thing you've seen is okay. So 525 00:28:33,359 --> 00:28:37,120 Speaker 3: that's there. Tom tell Us, remember a few weeks ago 526 00:28:37,200 --> 00:28:43,560 Speaker 3: the President tried to jail or threatened to jail j Powell, which. 527 00:28:43,480 --> 00:28:48,560 Speaker 1: Outraged because of the renovation. He was mad about a 528 00:28:48,600 --> 00:28:53,360 Speaker 1: renovation that went over budget, and that is much. 529 00:28:53,600 --> 00:28:56,360 Speaker 3: Turns out that's not what it was about. 530 00:28:57,080 --> 00:28:58,880 Speaker 1: But that's what he said. It was about. 531 00:28:59,040 --> 00:29:02,080 Speaker 3: Yes, girl, I don't do what he said. So Tom 532 00:29:02,120 --> 00:29:04,200 Speaker 3: Tellis said, you know what, that's not how you run 533 00:29:04,240 --> 00:29:06,560 Speaker 3: a country. When Congress tells you got to do something 534 00:29:06,560 --> 00:29:08,760 Speaker 3: and he does it, you don't put him in jail. 535 00:29:09,040 --> 00:29:12,360 Speaker 3: So Tom Tillis then said, you have to get rid 536 00:29:12,440 --> 00:29:16,520 Speaker 3: of these criminal charges or I'm not going to get 537 00:29:16,520 --> 00:29:19,800 Speaker 3: this get Handsome Kevin through committee. And so that right 538 00:29:19,840 --> 00:29:21,560 Speaker 3: there is the first thing. And then the second thing 539 00:29:21,640 --> 00:29:23,600 Speaker 3: is this question that I raised earlier, which is what 540 00:29:23,680 --> 00:29:26,520 Speaker 3: promises is handsome Kevin made to get the job, because 541 00:29:26,560 --> 00:29:30,719 Speaker 3: if he's effectively made promises that would give up the 542 00:29:30,720 --> 00:29:33,840 Speaker 3: fed's independence that Congress granted to it, you could imagine 543 00:29:33,840 --> 00:29:38,200 Speaker 3: the Senate saying no. So I think my guess is 544 00:29:38,240 --> 00:29:40,120 Speaker 3: the fact that he comes from the heart of people 545 00:29:40,160 --> 00:29:43,480 Speaker 3: who are at least qualified on paper probably means he's 546 00:29:43,480 --> 00:29:46,360 Speaker 3: going to be okay. But I think everyone should be 547 00:29:46,400 --> 00:29:49,520 Speaker 3: asking very very hard questions. What did we learn from 548 00:29:49,560 --> 00:29:52,600 Speaker 3: all the previous mistakes, what explains the current about face, 549 00:29:52,920 --> 00:29:56,920 Speaker 3: what was said in silent in quiet smoke filled rooms. 550 00:29:57,720 --> 00:30:01,360 Speaker 3: And I think whether Democrats can get behind him should 551 00:30:01,520 --> 00:30:04,160 Speaker 3: I'm not making a prediction, but should depend on the 552 00:30:04,240 --> 00:30:06,640 Speaker 3: quality of those answers, Hi. 553 00:30:07,400 --> 00:30:08,800 Speaker 1: Justin Wolfers, will you. 554 00:30:08,760 --> 00:30:11,320 Speaker 3: Come back only if you invite me? 555 00:30:11,400 --> 00:30:15,720 Speaker 1: Molly Julie K. Brown is an investigative journalist for the 556 00:30:15,720 --> 00:30:19,240 Speaker 1: Miami Herald and the author of Perversion of Justice, The 557 00:30:19,320 --> 00:30:23,600 Speaker 1: Jeffrey Epstein Story. Welcome Julie K. Brown, Hi, thank you. 558 00:30:23,880 --> 00:30:26,600 Speaker 1: I was saying before we started recording that why I 559 00:30:26,760 --> 00:30:29,800 Speaker 1: wanted to talk to you was because, you know, we 560 00:30:29,960 --> 00:30:33,320 Speaker 1: had these huge dump of redacted files, a lot of 561 00:30:33,320 --> 00:30:35,920 Speaker 1: redactive files, a lot of unredactive files, a lot of 562 00:30:36,000 --> 00:30:41,280 Speaker 1: Epstein's stuff, likely Moore. But in order to understand this story, 563 00:30:41,320 --> 00:30:43,400 Speaker 1: we have to know that none of us would know 564 00:30:43,600 --> 00:30:48,160 Speaker 1: any of this because it wasn't the FBI that got 565 00:30:48,160 --> 00:30:51,160 Speaker 1: this story out into the public. It was you. And 566 00:30:51,200 --> 00:30:54,480 Speaker 1: I would love you to talk about how you got 567 00:30:54,520 --> 00:30:57,400 Speaker 1: to these victims and how you got their stories out 568 00:30:57,400 --> 00:31:00,640 Speaker 1: there or how you started, because it really is you 569 00:31:00,720 --> 00:31:05,240 Speaker 1: are responsible for I mean, the government has been appalling 570 00:31:05,360 --> 00:31:08,240 Speaker 1: in the way five administration to mishandle this, but I'd 571 00:31:08,240 --> 00:31:13,240 Speaker 1: love you to talk about how you were the impetus 572 00:31:13,320 --> 00:31:14,560 Speaker 1: for all of this. 573 00:31:15,720 --> 00:31:18,640 Speaker 4: Well, I didn't break this story. A lot of people 574 00:31:18,640 --> 00:31:20,080 Speaker 4: want to say I break it. I didn't break it. 575 00:31:20,120 --> 00:31:22,800 Speaker 4: There were a lot of really good journalists that covered 576 00:31:22,800 --> 00:31:25,520 Speaker 4: this story when it happened back in two thousand and five, 577 00:31:25,720 --> 00:31:30,080 Speaker 4: six seven, but it sort of died down, and I 578 00:31:30,120 --> 00:31:32,920 Speaker 4: always had been you know, I knew about it, and 579 00:31:32,960 --> 00:31:36,040 Speaker 4: everything that I had read I felt didn't explain to 580 00:31:36,080 --> 00:31:39,520 Speaker 4: me how this man got away with such a heinous crime. 581 00:31:40,120 --> 00:31:43,959 Speaker 4: Nothing that I read answered that question. So, you know, 582 00:31:44,080 --> 00:31:49,959 Speaker 4: you fast forward until twenty sixteen seventeen. Trump ends up 583 00:31:50,040 --> 00:31:55,200 Speaker 4: nominating Alexander Costa, who was the US attorney in Miami 584 00:31:55,240 --> 00:31:59,600 Speaker 4: who approved this deal. They nominated him for Labor Secretary. Now, 585 00:31:59,640 --> 00:32:05,320 Speaker 4: remember the Labor Department has oversight of human trafficking of 586 00:32:05,360 --> 00:32:08,960 Speaker 4: all things, so they're they're essentially nominating a guy who 587 00:32:09,040 --> 00:32:12,400 Speaker 4: let one of the most prolific sex predators in history 588 00:32:12,960 --> 00:32:17,080 Speaker 4: off the hook. So I thought, you know, it's been 589 00:32:17,080 --> 00:32:21,240 Speaker 4: a long time. I wonder what all these girls now women. 590 00:32:21,520 --> 00:32:24,560 Speaker 4: Of course, because it's been you know, like you know, 591 00:32:24,760 --> 00:32:28,280 Speaker 4: almost a decade, I wonder what they think about this 592 00:32:28,400 --> 00:32:31,680 Speaker 4: man now heading up this agency that has oversight over 593 00:32:32,120 --> 00:32:37,360 Speaker 4: you know, human and sex trafficking essentially. So I thought 594 00:32:37,720 --> 00:32:42,120 Speaker 4: I would do a reaction piece tied around his Acosta's 595 00:32:42,840 --> 00:32:47,160 Speaker 4: confirmation process. And I was even more convinced when I 596 00:32:47,240 --> 00:32:51,400 Speaker 4: realized that the senators who were supposed to be questioning 597 00:32:51,480 --> 00:32:54,200 Speaker 4: him about this, you one would think it was probably 598 00:32:54,240 --> 00:32:58,400 Speaker 4: the biggest case of his career. Instead, they barely asked 599 00:32:58,440 --> 00:33:02,800 Speaker 4: him many questions during the information process about this case. 600 00:33:03,760 --> 00:33:07,080 Speaker 4: So I thought, like I said, I thought it would 601 00:33:07,120 --> 00:33:08,560 Speaker 4: be more of a reaction piece. 602 00:33:08,720 --> 00:33:11,240 Speaker 1: But I just I had to find the women. 603 00:33:11,320 --> 00:33:13,640 Speaker 4: They were all their names were they were minors, so 604 00:33:13,680 --> 00:33:17,120 Speaker 4: all their names were redacted from all the files. So 605 00:33:17,600 --> 00:33:20,800 Speaker 4: that was a long longer process than I thought it 606 00:33:20,880 --> 00:33:23,320 Speaker 4: was to track them down. And in order to track 607 00:33:23,400 --> 00:33:27,240 Speaker 4: someone down, you see things that happen in their lives. 608 00:33:27,280 --> 00:33:30,120 Speaker 4: You see, for example, that they have a criminal record, 609 00:33:30,240 --> 00:33:33,840 Speaker 4: or you see that you know on Facebook, that one 610 00:33:33,840 --> 00:33:38,440 Speaker 4: of their sisters died, or their boyfriends died, or they were, 611 00:33:39,560 --> 00:33:42,920 Speaker 4: you know, a victim of domestic abuse. And I started 612 00:33:42,960 --> 00:33:47,360 Speaker 4: to see this pattern that almost all these women in 613 00:33:47,360 --> 00:33:50,880 Speaker 4: the years after this happened, the trajectory of their lives 614 00:33:50,920 --> 00:33:54,040 Speaker 4: were never the same. And I'm almost getting chills remembering 615 00:33:54,080 --> 00:33:58,160 Speaker 4: it because I thought, I thought, this is just, you know, 616 00:33:58,480 --> 00:34:03,000 Speaker 4: this is unbelievable that you know that these women, their 617 00:34:03,040 --> 00:34:07,480 Speaker 4: whole lives were destroyed by him, and I didn't feel 618 00:34:07,520 --> 00:34:11,239 Speaker 4: that story had really ever been told. And so of 619 00:34:11,280 --> 00:34:14,160 Speaker 4: course the key to doing that story was to get 620 00:34:14,239 --> 00:34:17,160 Speaker 4: them to talk to me, you know, So you know, 621 00:34:17,239 --> 00:34:19,800 Speaker 4: it was a process. It was quite a long process 622 00:34:19,880 --> 00:34:22,759 Speaker 4: to try to you know, I only was able to 623 00:34:22,840 --> 00:34:25,120 Speaker 4: find four that were willing to go on the record. 624 00:34:25,160 --> 00:34:29,200 Speaker 4: And at the time I thought that I had, you know, 625 00:34:29,280 --> 00:34:31,640 Speaker 4: that it wasn't going to be good enough, you know, 626 00:34:31,719 --> 00:34:34,560 Speaker 4: because I imagine since there were so many. 627 00:34:34,600 --> 00:34:37,800 Speaker 1: I found sixty of them, and I imagine. 628 00:34:37,320 --> 00:34:40,640 Speaker 4: Doing this huge story about you know, at least a 629 00:34:40,680 --> 00:34:43,920 Speaker 4: dozen or two dozen, but I only was able to 630 00:34:43,960 --> 00:34:44,440 Speaker 4: get four. 631 00:34:44,800 --> 00:34:47,799 Speaker 1: And in hindsight, it can tell you that that was 632 00:34:48,000 --> 00:34:48,680 Speaker 1: just right. 633 00:34:49,080 --> 00:34:52,680 Speaker 4: It was just right because I was able to really 634 00:34:52,760 --> 00:34:57,600 Speaker 4: understand what had happened and really describe it in a 635 00:34:57,640 --> 00:35:01,480 Speaker 4: way that obviously really touched a lot of people because 636 00:35:01,480 --> 00:35:05,560 Speaker 4: the story really I mean, the prosecutors in New York, 637 00:35:06,440 --> 00:35:10,840 Speaker 4: you know, they literally days after my story ran the 638 00:35:10,920 --> 00:35:14,319 Speaker 4: corruption team the Southern District of New York took my 639 00:35:14,480 --> 00:35:18,840 Speaker 4: story to the US Attorney in New York, Jeffrey Berman, 640 00:35:19,040 --> 00:35:22,160 Speaker 4: and said, did you see this? We've got to do something. 641 00:35:22,760 --> 00:35:25,799 Speaker 4: So it was just the right amount of They were 642 00:35:25,800 --> 00:35:28,840 Speaker 4: so powerful. One of them was Virginia Giffrey, who we 643 00:35:28,920 --> 00:35:32,520 Speaker 4: all know passed away earlier this year. So it just 644 00:35:32,840 --> 00:35:35,799 Speaker 4: was a new way of looking at this story that 645 00:35:35,840 --> 00:35:37,560 Speaker 4: really hadn't been done before. 646 00:35:37,920 --> 00:35:42,600 Speaker 1: You had four. And while this was going on, Jeffrey 647 00:35:42,640 --> 00:35:44,000 Speaker 1: Epstein was back out there. 648 00:35:44,239 --> 00:35:46,719 Speaker 4: He was, And what I'm seeing right now, I just 649 00:35:46,800 --> 00:35:50,320 Speaker 4: did actually a sub stock about this today. There's stuff 650 00:35:50,360 --> 00:35:56,280 Speaker 4: from twenty eighteen. My series appeared in November of twenty eighteen, 651 00:35:56,680 --> 00:35:59,880 Speaker 4: and there are emails in there where he is trying 652 00:35:59,920 --> 00:36:03,760 Speaker 4: to find schools for a girl that's under the age 653 00:36:03,800 --> 00:36:08,359 Speaker 4: of seventeen, like a prep school. There are there's all 654 00:36:08,440 --> 00:36:10,680 Speaker 4: kinds of evidence that he was doing this right up 655 00:36:10,719 --> 00:36:13,440 Speaker 4: into the end. So he was able after getting this 656 00:36:14,080 --> 00:36:16,480 Speaker 4: a lenient plea deal that they let him off the hook. 657 00:36:17,160 --> 00:36:20,759 Speaker 4: He I mean, God knows how many other girls and 658 00:36:20,920 --> 00:36:24,960 Speaker 4: young women that he preyed upon and sexually abused. 659 00:36:25,480 --> 00:36:28,040 Speaker 1: One of the things I'm struck by when I went 660 00:36:28,120 --> 00:36:32,080 Speaker 1: to the press conference in DC with some of the survivors, 661 00:36:32,680 --> 00:36:38,000 Speaker 1: there were maybe fifteen. There are likely a boards of 662 00:36:38,000 --> 00:36:41,440 Speaker 1: a thousand victims. Is that right? Do you think that's 663 00:36:41,480 --> 00:36:43,000 Speaker 1: what the Justice Department says? 664 00:36:43,160 --> 00:36:45,560 Speaker 4: And quite frankly, at this point on, I'll trust the 665 00:36:45,719 --> 00:36:48,759 Speaker 4: Justice departments. So I don't know if that's it could 666 00:36:48,800 --> 00:36:51,920 Speaker 4: be more because I just don't trust that they really, 667 00:36:52,080 --> 00:36:55,120 Speaker 4: ever thoroughly investigated this crime. 668 00:36:55,360 --> 00:36:58,040 Speaker 1: So say why you don't trust them. 669 00:36:58,040 --> 00:37:01,239 Speaker 4: From the very beginning they dropped this ball. And you 670 00:37:01,280 --> 00:37:03,320 Speaker 4: know the other thing that we're seeing in these files, 671 00:37:03,360 --> 00:37:05,360 Speaker 4: there is a lot in these files. I know that, 672 00:37:05,920 --> 00:37:09,239 Speaker 4: you know, I don't sense that there's that people are 673 00:37:09,320 --> 00:37:12,759 Speaker 4: understanding the depth of this crime because these files are 674 00:37:12,840 --> 00:37:15,040 Speaker 4: so messed up and the way they get them ount 675 00:37:15,080 --> 00:37:15,960 Speaker 4: and they're redacted. 676 00:37:16,360 --> 00:37:18,520 Speaker 1: But because I know this story so well, I can 677 00:37:18,600 --> 00:37:21,680 Speaker 1: recognize things that other people don't. That's what I'm hoping 678 00:37:21,719 --> 00:37:23,360 Speaker 1: you could do, you know, one of the things. 679 00:37:23,520 --> 00:37:25,440 Speaker 4: And we have a lot of stories lined up at 680 00:37:25,440 --> 00:37:28,239 Speaker 4: the Miami Herald doing this because I'm able to see 681 00:37:28,280 --> 00:37:30,960 Speaker 4: these things. But one of the things we could clearly 682 00:37:31,040 --> 00:37:33,759 Speaker 4: see is the influence and the pressure that he put 683 00:37:33,800 --> 00:37:38,600 Speaker 4: on law enforcement officials, you know, and the prosecutors and 684 00:37:38,840 --> 00:37:43,360 Speaker 4: anybody that tried to become an obstacle to his sex 685 00:37:43,400 --> 00:37:48,880 Speaker 4: trafficking and money laundering empire. It was a sex trafficking 686 00:37:49,000 --> 00:37:54,839 Speaker 4: and money laundering empire, so town World's fine empire, and 687 00:37:55,080 --> 00:38:00,680 Speaker 4: so anybody that was an obstacle he was pretty true. 688 00:38:01,040 --> 00:38:04,719 Speaker 4: He just hired them, you know, he tried to bring 689 00:38:04,760 --> 00:38:06,879 Speaker 4: them to his side of the table in one way 690 00:38:06,960 --> 00:38:10,280 Speaker 4: or another. If he couldn't hire them, he would God knows. 691 00:38:10,400 --> 00:38:12,440 Speaker 4: I mean, we don't really know the extent of the 692 00:38:12,480 --> 00:38:17,239 Speaker 4: influence that he had, and that pattern just continued I 693 00:38:17,280 --> 00:38:21,680 Speaker 4: think throughout you know, his his life. Really that he 694 00:38:21,760 --> 00:38:24,439 Speaker 4: wanted to manipulate all the people that he thought were 695 00:38:24,440 --> 00:38:27,560 Speaker 4: going to pose, you know, an obstacle to what he 696 00:38:27,640 --> 00:38:30,200 Speaker 4: wanted to do and how much money he wanted to make. 697 00:38:30,640 --> 00:38:32,960 Speaker 4: He just kind of he kind of you know, they say, 698 00:38:33,440 --> 00:38:35,920 Speaker 4: what is it to keep your friends closing and keep 699 00:38:35,960 --> 00:38:39,360 Speaker 4: your enemies even closer? And he was very sharp in 700 00:38:39,480 --> 00:38:42,520 Speaker 4: how he manipulated people that way. And we're seeing that 701 00:38:42,680 --> 00:38:45,759 Speaker 4: in these files, these emails that are going to some 702 00:38:45,840 --> 00:38:49,960 Speaker 4: of the very first prosecutors in pomp Beach County who 703 00:38:50,520 --> 00:38:54,279 Speaker 4: that was the first you know, what do you call 704 00:38:54,360 --> 00:38:58,200 Speaker 4: the first failure was in Palm Beach County with its 705 00:38:58,320 --> 00:39:01,919 Speaker 4: state attorney there, who was going to let him completely 706 00:39:01,960 --> 00:39:04,879 Speaker 4: off the hook for this crime. And we see now 707 00:39:04,880 --> 00:39:09,200 Speaker 4: that there were emails back and forth between Epstein or 708 00:39:09,239 --> 00:39:11,880 Speaker 4: his lawyers and these prosecutors. 709 00:39:12,239 --> 00:39:15,840 Speaker 1: This is like a non partisan failure, Like there's some 710 00:39:16,000 --> 00:39:19,560 Speaker 1: of these are Democrats, some of them are Republicans. Men 711 00:39:19,640 --> 00:39:23,880 Speaker 1: in this are Democrats, are Republicans. It's nonpartisan. But I 712 00:39:23,920 --> 00:39:28,320 Speaker 1: think the biggest crime here is not believing women, because 713 00:39:28,400 --> 00:39:31,000 Speaker 1: it seems like women keep trying to come forward throughout 714 00:39:31,040 --> 00:39:31,560 Speaker 1: the story. 715 00:39:32,239 --> 00:39:34,520 Speaker 4: And let me tell you another part of this, not 716 00:39:34,600 --> 00:39:38,800 Speaker 4: only not believing the victims, but not believing the female prosecutor, 717 00:39:38,880 --> 00:39:42,680 Speaker 4: federal prosecutor who wanted to take this case on and 718 00:39:42,800 --> 00:39:44,920 Speaker 4: wanted to indict him and wanted to put him in 719 00:39:44,920 --> 00:39:45,720 Speaker 4: prison forever. 720 00:39:46,400 --> 00:39:48,240 Speaker 1: All her superiors were men. 721 00:39:48,840 --> 00:39:51,640 Speaker 4: And you know this has been reported when they finally 722 00:39:51,680 --> 00:39:57,240 Speaker 4: did a Justice Department probe after my series, the Office 723 00:39:57,239 --> 00:40:02,080 Speaker 4: of Professional Responsibility did it. Uh, There are emails that 724 00:40:02,239 --> 00:40:07,080 Speaker 4: show that they kept telling her basically, sit down, shut up, 725 00:40:07,920 --> 00:40:10,640 Speaker 4: We're going to make a deal with this guy, whether 726 00:40:10,719 --> 00:40:11,560 Speaker 4: you like it or not. 727 00:40:12,120 --> 00:40:14,640 Speaker 1: And and it was all men. It did that, it 728 00:40:14,680 --> 00:40:15,160 Speaker 1: was clear. 729 00:40:15,200 --> 00:40:18,719 Speaker 4: And she actually issued a statement after this report came 730 00:40:18,760 --> 00:40:22,160 Speaker 4: out saying that it was very it was all, you know, 731 00:40:22,280 --> 00:40:27,640 Speaker 4: biased because these men were very you knowsto just treated 732 00:40:27,680 --> 00:40:30,759 Speaker 4: her like she was, you know, crazy for wanting to 733 00:40:30,800 --> 00:40:31,640 Speaker 4: prosecute him. 734 00:40:31,880 --> 00:40:36,600 Speaker 1: And then also Tina Brown, another woman who was like, 735 00:40:36,760 --> 00:40:40,520 Speaker 1: I'm not going right right a pedophib Right, didn't she say, 736 00:40:40,560 --> 00:40:42,760 Speaker 1: I'm not going to pedifiled? What do you think? 737 00:40:43,120 --> 00:40:43,319 Speaker 3: You know? 738 00:40:43,520 --> 00:40:43,840 Speaker 1: Yeah? 739 00:40:43,920 --> 00:40:44,240 Speaker 4: Right? 740 00:40:44,480 --> 00:40:47,279 Speaker 1: So tell us what else you see in the files 741 00:40:47,360 --> 00:40:50,640 Speaker 1: that that you think is that has sort of confirmed 742 00:40:50,640 --> 00:40:53,800 Speaker 1: thoughts or that you had suspicions about that you because 743 00:40:53,800 --> 00:40:56,200 Speaker 1: the money laundering is new. 744 00:40:56,200 --> 00:41:00,520 Speaker 4: Right, Well, I've always said, people ask me the question 745 00:41:00,600 --> 00:41:03,960 Speaker 4: all the time, how did Jeffrey Epstein get make his money? 746 00:41:04,000 --> 00:41:06,839 Speaker 4: And I've always said from the very beginning, I think 747 00:41:06,880 --> 00:41:11,040 Speaker 4: he was a super, super duper money launder. I mean, really, 748 00:41:11,080 --> 00:41:14,280 Speaker 4: we know his job was to try to find ways, 749 00:41:14,680 --> 00:41:18,280 Speaker 4: you know, with Leon Black, you know, the former CEO 750 00:41:18,360 --> 00:41:21,719 Speaker 4: of Apollo Capital. He I think Leon Black paid him 751 00:41:21,800 --> 00:41:26,120 Speaker 4: like one hundred and sixty million dollars for tax advice, 752 00:41:26,840 --> 00:41:31,560 Speaker 4: you know, and he was also helping him with you know, 753 00:41:31,640 --> 00:41:35,920 Speaker 4: some of his art deals, you know, so using buying 754 00:41:36,239 --> 00:41:39,960 Speaker 4: art as a way to essentially get out of paying taxes. 755 00:41:40,400 --> 00:41:43,800 Speaker 4: So you know, I'm sure it's on a much larger 756 00:41:43,840 --> 00:41:47,360 Speaker 4: scale that we don't even know the extent of it 757 00:41:47,520 --> 00:41:51,560 Speaker 4: this time, but we do know that that was, you know, 758 00:41:51,680 --> 00:41:54,279 Speaker 4: one of the things that he was doing, you know, 759 00:41:54,400 --> 00:41:56,520 Speaker 4: to earn you know a lot of money. 760 00:41:56,840 --> 00:42:00,640 Speaker 1: There are these reactions, and I want you to talk 761 00:42:00,680 --> 00:42:03,200 Speaker 1: about the reactions because I read this piece in the 762 00:42:03,200 --> 00:42:06,439 Speaker 1: Times and I couldn't believe it about how they had 763 00:42:06,480 --> 00:42:12,080 Speaker 1: not redacted child pornography and put what they were abducted right, 764 00:42:12,200 --> 00:42:14,520 Speaker 1: and I couldn't believe it. I could not believe it. 765 00:42:14,560 --> 00:42:17,080 Speaker 1: So I wrote to the journalist who wrote it and said, 766 00:42:17,440 --> 00:42:20,520 Speaker 1: this cannot possibly be true, and he said, yes, we 767 00:42:20,640 --> 00:42:23,839 Speaker 1: had to tell the Justice Department right that there were 768 00:42:24,080 --> 00:42:28,840 Speaker 1: unredacted photos of what could be children online. That is 769 00:42:28,920 --> 00:42:31,239 Speaker 1: shocking to me, and it makes me wonder, do you 770 00:42:31,280 --> 00:42:34,000 Speaker 1: think they didn't go through the file? I mean, what 771 00:42:34,080 --> 00:42:36,640 Speaker 1: do you think happened? Because they've had this information for 772 00:42:36,719 --> 00:42:37,920 Speaker 1: years and years and years. 773 00:42:38,200 --> 00:42:40,360 Speaker 4: I think that they were so focused on trying to 774 00:42:40,400 --> 00:42:46,080 Speaker 4: protect the elites or the famous people or you know 775 00:42:46,239 --> 00:42:49,440 Speaker 4: those people, that they focused too much on that and 776 00:42:49,480 --> 00:42:52,799 Speaker 4: they didn't focus enough on what really mattered. You know, 777 00:42:53,040 --> 00:42:55,600 Speaker 4: here it is. They really only had one job, according 778 00:42:55,640 --> 00:42:59,600 Speaker 4: to this new law that was passed, was to remove 779 00:42:59,680 --> 00:43:03,080 Speaker 4: the name of these victims, make sure that they were protected. 780 00:43:03,560 --> 00:43:07,200 Speaker 4: They weren't supposed to remove names of prosecutors, which they 781 00:43:07,280 --> 00:43:11,759 Speaker 4: did of you know, these other people who he You know, 782 00:43:11,800 --> 00:43:14,280 Speaker 4: there's emails where you have there's one that's going around 783 00:43:14,320 --> 00:43:17,440 Speaker 4: the internet that someone's saying, you know, I really had 784 00:43:17,440 --> 00:43:20,520 Speaker 4: a good time and something like it's something about the. 785 00:43:20,480 --> 00:43:22,600 Speaker 1: Littlest one is naughty. 786 00:43:22,960 --> 00:43:26,400 Speaker 4: Yeah, the little girl, something about the little girl, you know, 787 00:43:26,520 --> 00:43:26,960 Speaker 4: and they. 788 00:43:26,840 --> 00:43:27,600 Speaker 1: Reject the name. 789 00:43:28,960 --> 00:43:35,319 Speaker 4: Yeah, So they're protecting these potential perpetrators. Uh, they're protecting them, 790 00:43:35,360 --> 00:43:38,240 Speaker 4: but they're not protecting the victims, which is I feel 791 00:43:38,239 --> 00:43:42,839 Speaker 4: like it's been this story behind this story here since 792 00:43:42,960 --> 00:43:47,120 Speaker 4: the very beginning, because look, the reason why they gave 793 00:43:47,120 --> 00:43:48,840 Speaker 4: them the deal to begin with is I'm sure that 794 00:43:48,920 --> 00:43:51,640 Speaker 4: they didn't want, you know, all these other names to 795 00:43:51,680 --> 00:43:53,640 Speaker 4: come out, you know, from the very beginning. 796 00:43:53,960 --> 00:43:57,080 Speaker 1: So let's talk about that, because you'll remember Pam Bondi 797 00:43:57,120 --> 00:44:00,760 Speaker 1: said she had a list, the client list, on her desk, 798 00:44:01,360 --> 00:44:04,640 Speaker 1: and then she gave these binders to conservative influencers. They 799 00:44:04,719 --> 00:44:09,480 Speaker 1: got very excited and then all of a sudden nothing. 800 00:44:09,560 --> 00:44:11,360 Speaker 1: So what do you think was happening there? Do you 801 00:44:11,360 --> 00:44:13,600 Speaker 1: think there really is a client list? I mean, there 802 00:44:13,640 --> 00:44:17,759 Speaker 1: certainly was a list of ten men or ten sort 803 00:44:17,800 --> 00:44:20,880 Speaker 1: of people they thought about prosecuting. Can you talk about that? 804 00:44:21,480 --> 00:44:23,920 Speaker 4: Yeah, I've always said that Epstin you didn't keep like 805 00:44:23,960 --> 00:44:25,840 Speaker 4: a piece of paper with a list or even a 806 00:44:25,920 --> 00:44:29,279 Speaker 4: digital footprint. I think he had a list in his head, 807 00:44:29,320 --> 00:44:31,440 Speaker 4: but I don't think he ever had a real list. 808 00:44:31,640 --> 00:44:35,319 Speaker 4: But I always also said that the FBI had to 809 00:44:35,320 --> 00:44:37,239 Speaker 4: be nuts if they didn't compile some kind of a 810 00:44:37,320 --> 00:44:42,120 Speaker 4: list of suspects, especially after they arrested Epstein the first, 811 00:44:42,360 --> 00:44:45,799 Speaker 4: I mean the second time, after my series, they put 812 00:44:45,800 --> 00:44:49,000 Speaker 4: out a whole big call hotline for people to call 813 00:44:49,040 --> 00:44:52,160 Speaker 4: with tips, and we now see the result of those 814 00:44:52,239 --> 00:44:54,279 Speaker 4: tips in some of these files, and they did get 815 00:44:54,280 --> 00:44:58,279 Speaker 4: a lot of tips, and we're also seeing some of 816 00:44:58,320 --> 00:45:02,120 Speaker 4: these tips were very detailed. And you know, back to 817 00:45:02,160 --> 00:45:05,560 Speaker 4: the reactions, you know, when they have some of these 818 00:45:05,600 --> 00:45:08,280 Speaker 4: reports that are in there about you know, this woman 819 00:45:08,400 --> 00:45:11,880 Speaker 4: such or girls that she was underage and uh, you 820 00:45:11,920 --> 00:45:15,400 Speaker 4: know she names they the names are in there, Leon Black, 821 00:45:15,719 --> 00:45:19,560 Speaker 4: just Staley, uh again and of course they're all saying, 822 00:45:19,800 --> 00:45:22,760 Speaker 4: you know that it's untrue and it can't be proven, 823 00:45:23,320 --> 00:45:27,040 Speaker 4: but their names are in there. Okay, there wasn't a name, 824 00:45:27,400 --> 00:45:31,120 Speaker 4: there were names compiled. What they redact, and this is 825 00:45:31,280 --> 00:45:37,439 Speaker 4: really important. They redact anything that shows what they did 826 00:45:37,719 --> 00:45:42,080 Speaker 4: to address those allegations. It's all redacted and why they 827 00:45:42,280 --> 00:45:45,439 Speaker 4: chose to take their word for it that they were 828 00:45:45,480 --> 00:45:50,239 Speaker 4: all not credible, that these ways think about this, all 829 00:45:50,320 --> 00:45:53,759 Speaker 4: these women lied or they didn't have proof, But they 830 00:45:53,840 --> 00:45:58,719 Speaker 4: don't show us the forms that the reports that they 831 00:45:58,760 --> 00:46:02,480 Speaker 4: had to fill out, saying I interviewed so and so, 832 00:46:02,680 --> 00:46:05,759 Speaker 4: which you redact the person's name, and here is what 833 00:46:05,840 --> 00:46:10,680 Speaker 4: she said. And it was a second hand account or whatever. 834 00:46:10,320 --> 00:46:11,960 Speaker 1: It was that she said. 835 00:46:13,000 --> 00:46:19,439 Speaker 4: There's huge swaths of pages that showed they completely blacked out. 836 00:46:19,640 --> 00:46:20,759 Speaker 1: I don't even know what it is. 837 00:46:20,840 --> 00:46:25,160 Speaker 4: We don't know if they ever really took these allegations. Yes, 838 00:46:25,239 --> 00:46:29,279 Speaker 4: some of them sound crazy, but you know, I know 839 00:46:29,480 --> 00:46:33,120 Speaker 4: as a journalist, even the crazy you have to listen to, 840 00:46:33,200 --> 00:46:36,680 Speaker 4: even the crazy times, you have to pay attention. This 841 00:46:36,760 --> 00:46:39,520 Speaker 4: is such a heinous crime. I don't think you should 842 00:46:39,560 --> 00:46:44,000 Speaker 4: discount anything. No matter how crazy it is. That person 843 00:46:44,080 --> 00:46:47,719 Speaker 4: still deserves a phone call, you know, and tell me 844 00:46:47,760 --> 00:46:48,359 Speaker 4: what you know. 845 00:46:49,760 --> 00:46:56,759 Speaker 1: So it sounds like they reacted potential perpetrators' names by 846 00:46:56,800 --> 00:46:59,920 Speaker 1: a lot of these cases. And then what the potential 847 00:47:00,080 --> 00:47:05,120 Speaker 1: malfeasans that the DOJ might have committed or the prosecutors 848 00:47:05,120 --> 00:47:07,239 Speaker 1: at the state level may have committed. Is that right? 849 00:47:07,719 --> 00:47:08,480 Speaker 1: That's true? 850 00:47:08,560 --> 00:47:13,839 Speaker 4: And also the details about what investigation, if any, they 851 00:47:13,880 --> 00:47:17,080 Speaker 4: conducted on all the tips, all the victims that came forward, 852 00:47:17,680 --> 00:47:20,080 Speaker 4: Like what did they do with this tip? Did they 853 00:47:20,200 --> 00:47:21,920 Speaker 4: interview the woman? What did they do? 854 00:47:22,000 --> 00:47:22,640 Speaker 1: We don't know. 855 00:47:22,800 --> 00:47:25,839 Speaker 4: They're asking us when we call the Justice Department and 856 00:47:25,880 --> 00:47:28,480 Speaker 4: we say, okay, we see this tip from this woman 857 00:47:28,520 --> 00:47:32,000 Speaker 4: and she said, ABCD, what did you do? 858 00:47:32,120 --> 00:47:33,799 Speaker 1: We're not going to talk about that. 859 00:47:34,080 --> 00:47:39,080 Speaker 4: So they're asking the public to trust them. 860 00:47:38,160 --> 00:47:41,600 Speaker 1: Right, there's no reason to trust them. And roll Conna, 861 00:47:42,160 --> 00:47:44,400 Speaker 1: who I've talked to before, and Thomas Massey. One of 862 00:47:44,440 --> 00:47:48,280 Speaker 1: the things they said was that the DOJ was supposed 863 00:47:48,280 --> 00:47:52,640 Speaker 1: to talk through the reactions and explain them that they 864 00:47:52,680 --> 00:47:56,400 Speaker 1: weren't allowed to just make haphazard, willy nilly reactions. But 865 00:47:56,480 --> 00:47:58,279 Speaker 1: that's exactly what they did, right. 866 00:47:58,719 --> 00:48:01,480 Speaker 4: Yes, there's things in there or that they've redacted that 867 00:48:01,520 --> 00:48:05,279 Speaker 4: are inexplicable. You cannot figure out the trajectory of that 868 00:48:05,360 --> 00:48:08,840 Speaker 4: original deal from two thousand and seven. You can't figure 869 00:48:08,840 --> 00:48:13,440 Speaker 4: out who was doing what. Even his lawyer's names are redacted. Now, 870 00:48:13,480 --> 00:48:16,760 Speaker 4: why did they have to redact you know, Roy Black's 871 00:48:16,840 --> 00:48:20,520 Speaker 4: name or Kenneth Star's name. They've redacted the name of 872 00:48:20,560 --> 00:48:22,520 Speaker 4: the lawyers, the name of all the prosecutors. 873 00:48:22,560 --> 00:48:25,560 Speaker 1: It's absurd. I can't figure out who's talking to who. 874 00:48:25,800 --> 00:48:29,280 Speaker 1: There were other names that are redacted too. I wonder 875 00:48:29,440 --> 00:48:32,400 Speaker 1: there's another thing that somebody saw. I just want you 876 00:48:32,480 --> 00:48:34,880 Speaker 1: to speculate for a minute, because we don't know. But 877 00:48:34,960 --> 00:48:38,760 Speaker 1: it seemed like there were places where the word don't 878 00:48:39,719 --> 00:48:42,520 Speaker 1: was redacted? Did you see that, like maybe someone had 879 00:48:42,560 --> 00:48:46,160 Speaker 1: done a word search for other letters in the word don't. 880 00:48:46,719 --> 00:48:49,239 Speaker 1: I just wonder if you saw any other patterns like 881 00:48:49,239 --> 00:48:50,480 Speaker 1: that in the reaction now. 882 00:48:50,719 --> 00:48:53,920 Speaker 4: I didn't see that, although that wasn't really something I 883 00:48:54,080 --> 00:48:56,960 Speaker 4: was focused on. Now that you mentioned, and I'll focus 884 00:48:57,000 --> 00:48:57,640 Speaker 4: on it a little bit. 885 00:48:57,680 --> 00:48:59,920 Speaker 1: Yeah, did you see anything else? I didn't know what 886 00:49:00,040 --> 00:49:01,880 Speaker 1: they're redacting because they're redacting it. 887 00:49:02,000 --> 00:49:04,839 Speaker 4: You know, in some case you can figure out what 888 00:49:04,880 --> 00:49:08,840 Speaker 4: it is because I know, for example, sometimes they'll be 889 00:49:08,880 --> 00:49:10,880 Speaker 4: talking about a certain victim, and I'll know who that 890 00:49:11,000 --> 00:49:14,360 Speaker 4: victim is because I've had encounters. 891 00:49:13,880 --> 00:49:16,080 Speaker 1: With that victim. I've spoken to that victim. 892 00:49:15,960 --> 00:49:18,759 Speaker 4: Which I would never reveal who that person is, so, 893 00:49:19,080 --> 00:49:21,319 Speaker 4: you know, or just some of the prosecutors. I can 894 00:49:21,400 --> 00:49:25,480 Speaker 4: tell when Marieville Lafauna was the lead prosecutor, I can 895 00:49:25,560 --> 00:49:28,279 Speaker 4: clearly tell when, even though she might be redacted, I 896 00:49:28,320 --> 00:49:30,440 Speaker 4: can clearly tell that she wrote something. 897 00:49:30,800 --> 00:49:33,879 Speaker 1: Have more victims come forward that you've talked to now 898 00:49:34,520 --> 00:49:39,760 Speaker 1: or since he was either well, yeah, there were a lot. 899 00:49:39,920 --> 00:49:42,839 Speaker 4: I mean, we have a document that shows how many 900 00:49:42,880 --> 00:49:49,000 Speaker 4: tips they got, how many they referred for further investigation, 901 00:49:49,719 --> 00:49:52,239 Speaker 4: and you know, there's some kind of a breakdown. We 902 00:49:52,360 --> 00:49:56,239 Speaker 4: got you know, three hundred something, and then we referred 903 00:49:56,520 --> 00:49:59,880 Speaker 4: you know, forty of them, and then out of that forty, 904 00:50:00,320 --> 00:50:02,640 Speaker 4: you know, we did something else with them. But then 905 00:50:02,960 --> 00:50:04,960 Speaker 4: that's the end of it. You don't know whatever happened 906 00:50:04,960 --> 00:50:07,440 Speaker 4: to them. So there were I think there were. But 907 00:50:07,520 --> 00:50:10,560 Speaker 4: here here's what I think happened though, especially within the 908 00:50:10,640 --> 00:50:15,319 Speaker 4: past year under Trump, really is I think a lot 909 00:50:15,360 --> 00:50:17,880 Speaker 4: of these women are really getting more and more reticent 910 00:50:18,560 --> 00:50:21,960 Speaker 4: for obvious reasons to come forward. They don't have any 911 00:50:22,040 --> 00:50:25,480 Speaker 4: guaranteed that anybody's going to protect them, you know, anything 912 00:50:26,000 --> 00:50:29,000 Speaker 4: that this is intimidation, so that the way that they're 913 00:50:29,040 --> 00:50:32,400 Speaker 4: allowing some of these names, these victims' names to be 914 00:50:32,520 --> 00:50:37,279 Speaker 4: exposed is almost to them, you know, and to any 915 00:50:37,520 --> 00:50:42,720 Speaker 4: I think reasonable thinking person, it's almost an intimidation tactic 916 00:50:42,800 --> 00:50:45,560 Speaker 4: so that other women don't come out, you know, and 917 00:50:45,560 --> 00:50:46,200 Speaker 4: come forward. 918 00:50:46,360 --> 00:50:49,239 Speaker 1: I've talked to members of Congress who have said that 919 00:50:49,320 --> 00:50:53,439 Speaker 1: there's a huge amount of pornography of these victims, do 920 00:50:53,520 --> 00:50:56,560 Speaker 1: you think and again speculative, I know, because you haven't 921 00:50:56,600 --> 00:50:58,200 Speaker 1: seen them, because none of us have seen them. But 922 00:50:58,440 --> 00:51:01,520 Speaker 1: that some of this was blackmail to the to blackmail 923 00:51:01,600 --> 00:51:04,880 Speaker 1: these guys because they were video cameras everywhere, thousands of 924 00:51:05,080 --> 00:51:06,320 Speaker 1: dollars of I don't. 925 00:51:06,160 --> 00:51:09,160 Speaker 4: Know, I don't know, you know, Cash Bettel, the director 926 00:51:09,200 --> 00:51:11,320 Speaker 4: of the FBI. One of the things he said when 927 00:51:11,800 --> 00:51:16,440 Speaker 4: he announced that they weren't going to pursue anything was 928 00:51:16,480 --> 00:51:21,440 Speaker 4: that they found no quote, credible evidence of blackmail. Okay, 929 00:51:21,920 --> 00:51:25,279 Speaker 4: it's interesting to me that that he used credible. So 930 00:51:25,320 --> 00:51:28,160 Speaker 4: what does that mean? You know, you have all these 931 00:51:28,239 --> 00:51:31,200 Speaker 4: videos there, but maybe there's not an email companying it 932 00:51:31,320 --> 00:51:34,480 Speaker 4: saying if you don't do this. You know, Emstein was 933 00:51:34,520 --> 00:51:37,120 Speaker 4: pretty shrewd. He wouldn't send a video that he had 934 00:51:37,160 --> 00:51:39,840 Speaker 4: of somebody and put a memo attached to it saying 935 00:51:40,239 --> 00:51:41,680 Speaker 4: they would just send it, you know. 936 00:51:42,080 --> 00:51:44,960 Speaker 1: I mean it's clear you saw that with his emails 937 00:51:45,000 --> 00:51:48,799 Speaker 1: with Elon Mosk right where I said, now you know 938 00:51:49,560 --> 00:51:53,319 Speaker 1: International Assembly is here, yeah, right right. 939 00:51:53,400 --> 00:51:56,960 Speaker 4: There's codes words they use. They use words like fun 940 00:51:57,480 --> 00:52:00,200 Speaker 4: for sex. I can't think of all the words, but 941 00:52:00,239 --> 00:52:04,440 Speaker 4: there's certain words that they used. They didn't say, you know, 942 00:52:04,560 --> 00:52:07,440 Speaker 4: I had sex with this girl, thanks a lot. They 943 00:52:07,440 --> 00:52:10,239 Speaker 4: were more like, you know, wow, that was really a 944 00:52:10,280 --> 00:52:14,840 Speaker 4: great evening. You know, and what fun you know. Yeah, 945 00:52:15,400 --> 00:52:17,000 Speaker 4: there were code words they used. 946 00:52:17,760 --> 00:52:21,799 Speaker 1: Julie, I really am I you know, I'm indebted to 947 00:52:21,880 --> 00:52:25,200 Speaker 1: you for what you have done in this story and 948 00:52:25,840 --> 00:52:29,640 Speaker 1: I just am so grateful to get to just pick 949 00:52:29,680 --> 00:52:31,960 Speaker 1: your brain about this. So thank you, thank you, thank 950 00:52:32,000 --> 00:52:33,960 Speaker 1: you and your what's your substat. 951 00:52:33,520 --> 00:52:38,200 Speaker 4: Called JKB journalists or the Epstein files. 952 00:52:38,440 --> 00:52:41,400 Speaker 1: And there are also pieces in the Miami Herald. 953 00:52:41,680 --> 00:52:43,520 Speaker 4: Yeah, we're going to be breaking some stories in the 954 00:52:43,840 --> 00:52:47,080 Speaker 4: in the coming weeks, working quite a number of things. 955 00:52:47,480 --> 00:52:57,280 Speaker 1: Thanks mass, Thank you, Julie, Thank you, Jesse Cannon. 956 00:52:57,239 --> 00:52:59,880 Speaker 2: My junk fast. So you may recall that Trump is 957 00:53:00,160 --> 00:53:02,680 Speaker 2: very mad that the IRS released his taxes. He's going 958 00:53:02,760 --> 00:53:05,239 Speaker 2: to get a ten billion dollar payment to himself, which 959 00:53:05,239 --> 00:53:10,000 Speaker 2: seems really fair. Well, Congress made Treasury Secretary Scott Assent 960 00:53:10,160 --> 00:53:12,360 Speaker 2: answer for this, and I thought it was a pretty 961 00:53:12,360 --> 00:53:13,439 Speaker 2: great show. When'd ju see? 962 00:53:13,800 --> 00:53:17,920 Speaker 1: So the Cent was testifying on the hell and Ruben 963 00:53:18,040 --> 00:53:21,000 Speaker 1: Diego asked him, well, I think it was a good question. 964 00:53:21,360 --> 00:53:24,880 Speaker 1: This is a committee on Banking, Housing, and Urban Affairs. 965 00:53:25,120 --> 00:53:30,880 Speaker 1: Rubin Diego asked the Cent, who is the acting director? 966 00:53:31,200 --> 00:53:35,560 Speaker 1: He's also the acting director of the IRS. Let's say 967 00:53:35,800 --> 00:53:38,759 Speaker 1: for some reason he actually wins law. To where would 968 00:53:38,760 --> 00:53:41,920 Speaker 1: the ten billion come from, Bassett had trouble getting the 969 00:53:41,960 --> 00:53:46,160 Speaker 1: words out. It would come from that process. Wise, I'm 970 00:53:46,200 --> 00:53:50,800 Speaker 1: not asking your opinion whether it's right or wrong. Diego interjected, 971 00:53:51,080 --> 00:53:55,520 Speaker 1: it would come from treasury, Bissett said. Diego pressed him 972 00:53:55,800 --> 00:53:59,360 Speaker 1: on if those funds would come from the US Treasuries 973 00:53:59,440 --> 00:54:07,280 Speaker 1: General which said yes, the Treasury's general account, So taxpayers, 974 00:54:07,320 --> 00:54:11,719 Speaker 1: Diego said and said yes, adding that he was part 975 00:54:11,760 --> 00:54:14,960 Speaker 1: of the forty four thousand taxpayers whose returns were leaked. 976 00:54:15,239 --> 00:54:18,840 Speaker 1: So of those forty four thousand, guess how many got 977 00:54:18,960 --> 00:54:22,680 Speaker 1: ten billion dollars zero? Guess how many got one billion 978 00:54:22,719 --> 00:54:28,560 Speaker 1: dollars zero. Some got some settlement, supposedly Ken Griffin got 979 00:54:28,719 --> 00:54:33,640 Speaker 1: a settlement. But the point here is that what Diego did, 980 00:54:33,920 --> 00:54:36,640 Speaker 1: which I think was smart, was he was able to 981 00:54:36,800 --> 00:54:41,080 Speaker 1: thread the needle from Donald Trump's threat to what that 982 00:54:41,120 --> 00:54:45,040 Speaker 1: would mean for taxpayers. A lot of times Donald Trump 983 00:54:45,280 --> 00:54:49,640 Speaker 1: speaks in ways that are unclear, and he doesn't do 984 00:54:49,800 --> 00:54:53,320 Speaker 1: it because he's a bad communicator. He does it on purpose. 985 00:54:53,480 --> 00:54:57,040 Speaker 1: And so with something like this, you really see that 986 00:54:57,360 --> 00:55:00,759 Speaker 1: I'm going to sue them for ten billion dollars. It's 987 00:55:00,840 --> 00:55:03,760 Speaker 1: part of the game. Even then. The leak took place 988 00:55:03,920 --> 00:55:08,040 Speaker 1: during Trump's first term under a director he appointed. He'd 989 00:55:08,080 --> 00:55:11,439 Speaker 1: have a hard time proving damages in court. Trump's net 990 00:55:11,480 --> 00:55:15,719 Speaker 1: worth has nearly tripled to six point four billions since 991 00:55:15,760 --> 00:55:19,960 Speaker 1: his taxes were disclosed in September twenty twenty. Looks like 992 00:55:20,120 --> 00:55:23,719 Speaker 1: a corrupt president is trying to pay himself billions of dollars. 993 00:55:24,560 --> 00:55:29,040 Speaker 1: That's it for this episode of Fast Politics. Tune in 994 00:55:29,239 --> 00:55:34,680 Speaker 1: every Monday, Wednesday, Thursday, and Saturday to hear the best 995 00:55:34,760 --> 00:55:39,080 Speaker 1: minds and politics make sense of all this chaos. If 996 00:55:39,080 --> 00:55:42,160 Speaker 1: you enjoy this podcast, please send it to a friend 997 00:55:42,600 --> 00:55:45,800 Speaker 1: and keep the conversation going. Thanks for listening.