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Speaker 1: Hi, I'm Molly John Fast and this is Fast Politics,

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Speaker 1: where we discussed the top political headlines with some of

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Speaker 1: today's best minds, and Michigan has become the first date

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Speaker 1: in sixty years to have right to work laws repealed.

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Speaker 1: We have such a great show for you today. Politico's

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Speaker 1: Rachel Baide gives us an update on the never ending

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Speaker 1: chaos in Congress. Then we'll talk to on the tape

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Speaker 1: host Dan Nathan about what's happening with our economy. But

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Speaker 1: first we have the editor of Balls and Strikes, Jay Willis.

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Speaker 1: Welcome to Fast Politics.

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Speaker 2: Jay, thank you so much for having me to talk

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Speaker 2: about Taylor Swift at the Super Bowl. I wasn't expecting

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Speaker 2: an invitation to talk about this, but I can go

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Speaker 2: for two hours, three hours? How long do you want

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Speaker 2: to do this?

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Speaker 1: So it was fixed?

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Speaker 3: Right?

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Speaker 1: Yes? Okay, clearly?

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Speaker 2: Oh shit, wait, people are going to listen to this right.

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Speaker 1: Explain to me what's happening in Fulton County right now?

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Speaker 2: Well, boy, so, the prosecutor in Fulton County, Fanny Willis

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Speaker 2: no relation, has been leading an investigation into Donald Trump's

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Speaker 2: efforts to Sorry for the legal jargon here, but fuck

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Speaker 2: with the vote count in the twenty twenty presidential election

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Speaker 2: in Georgia, Donald Trump unquestionably did like some very bad

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Speaker 2: things in there. He you know, was on the phone

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Speaker 2: with the secretary of State, the Republican secretary of State

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Speaker 2: in Georgia, urging him to and I'm quoting here find

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Speaker 2: the votes or threatening him with some sort of like

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Speaker 2: vaguely defined criminal prosecution. I have no idea what Trump

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Speaker 2: was referring to. I kind of assumed he didn't know

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Speaker 2: what he was referring to either. But this is the

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Speaker 2: sort of thing that one does not do without incurring

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Speaker 2: the wrath of a prosecutor. The problem is that this

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Speaker 2: particular prosecutor apparently had an affair with someone in her office,

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Speaker 2: which is just like deeply misguided on several levels. But

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Speaker 2: what it's led to is Trump's defense team basically arguing

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Speaker 2: that the whole case needs to get thrown out, that

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Speaker 2: it is tainted by this scandal, and he might prevail

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Speaker 2: on that. I really know yet, but generally speaking, when

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Speaker 2: you're a prosecutor and things are on the rocks because

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Speaker 2: of who you slept with, it's not going great.

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Speaker 1: Yeah, what is the larger implication for this?

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Speaker 2: I mean, so there are several parallel investigations into Donald

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Speaker 2: Trump's various alleged forms of criminality. Right, this case is

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Speaker 2: being brought by a local prosecutor. It is independent from,

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Speaker 2: for example, the criminal investigation into Trump in DC, which

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Speaker 2: is not to be confused with the civil investigation into

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Speaker 2: Trump in New York and so on and so forth.

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Speaker 2: But I think the real damage here is sort of

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Speaker 2: in the way that Trump is going to start spinning

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Speaker 2: this sort of thing if he can create a narrative

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Speaker 2: among his followers and among people who might be susceptible

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Speaker 2: to being his followers, that it is in his best

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Speaker 2: interest to sort of lump these different criminal investigations together.

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Speaker 2: And if he can use Fanny Willis's misconduct in one

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Speaker 2: particular investigation to sort of smear all of the criminal

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Speaker 2: investigations against him as tainted, as biased, as Democratic hit jobs,

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Speaker 2: that's good for him, which is exactly why he's trying

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Speaker 2: to muddy the waters here.

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Speaker 1: Yeah. The other thing that it does, right is that

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Speaker 1: it aids one of Trump's biggest legal tactics, right, which

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Speaker 1: is delay.

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Speaker 2: That's right for both legal and practical reasons, Like, legally speaking,

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Speaker 2: if he is the nominee and wins election and becomes

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Speaker 2: the president again, he suddenly has a whole lot of

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Speaker 2: control over the federal investigations into him. I mean, setting

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Speaker 2: aside the obvious issue of whether or not the president

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Speaker 2: should be directing Department of Justice investigations. Of course, not

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Speaker 2: like it's not like Donald Trump gives a shit about that.

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Speaker 2: He would presume just take action and kill that on

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Speaker 2: day one. But then also, just like practically politically speaking,

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Speaker 2: if he is president, I think it becomes a whole

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Speaker 2: lot more fraught, for example, for a local prosecutor like

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Speaker 2: Fanny Willis to prosecute him. So he is doing everything

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Speaker 2: he can in this investigation, in other investigations to just

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Speaker 2: run out the clock. I don't know if he's going

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Speaker 2: to be able to run out the clock on every

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Speaker 2: one of them. But again, the more he is able

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Speaker 2: to narrow down the scope of legal problems he faces,

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Speaker 2: the better his odds are of wriggling out of it.

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Speaker 1: One more time. I want to just unpack this for

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Speaker 1: another minute. So basically Trump is doing two things here.

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Speaker 1: He wants to discredit this investigation by sort of spreading

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Speaker 1: salacious gossip about Fanny Willis right that she was cheating

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Speaker 1: on her spouse or she actually wasn't married but her

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Speaker 1: boyfriend was cheating on his spouse. By the way, the

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Speaker 1: irony here, the thrice married adulter who has his problem

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Speaker 1: where he paid off a porn star and that's one

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Speaker 1: of his many legal challenges, is sort of rich. But

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Speaker 1: basically what he's trying to do here is try this

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Speaker 1: case with his people, his fans, right, that's right.

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Speaker 2: A lot of this is effectively going on in the

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Speaker 2: court of public opinion. I mean, what's happening with Fanny

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Speaker 2: Willis is a part of like functionally more of a

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Speaker 2: pr campaign than anything else. Right, If he can portray

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Speaker 2: the prosecutor who is investigating him as tainted, as biased,

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Speaker 2: as just as mired in scandal, is he is, that's

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Speaker 2: a victory. Like he doesn't necessarily have to rise above it, right,

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Speaker 2: dragging everyone else down to his level creates the same result.

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Speaker 2: I will say, Like, if you're a prosecutor, like, come on,

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Speaker 2: it's so easy not to sleep with one of your colleagues.

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Speaker 2: You got to not do that. One of the clearest

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Speaker 2: through lines of the legal system in this country is

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Speaker 2: prosecutors fucking up and doing something dumb. At the worst

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Speaker 2: possible time. But like at the same time, it's not

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Speaker 2: like that changes what Trump did. So again it's the

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Speaker 2: creation of an additional salacious story to the salacious story

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Speaker 2: that landed Trump in court in the first place. And

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Speaker 2: the last thing I'll say about this is if a

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Speaker 2: judge disqualifies Fanny Willis Fanny Willis's office, the case could

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Speaker 2: go forward still. But again, as you say, it's all

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Speaker 2: about delay. Reading about reporting this morning, there's only a

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Speaker 2: few other das in Georgia who have the bandwidth to

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Speaker 2: take on a case like this. So if Fanny Willis

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Speaker 2: gets booted, suddenly we're looking for somebody else, like who

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Speaker 2: has the manpower, who has the bandwidth to do this?

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Speaker 2: Maybe there is someone, But how long does that process take?

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Speaker 2: The longer it takes, the closer we get to election day,

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Speaker 2: and the closer this gets to practically speaking.

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Speaker 1: Not mattering, right, and that's the golf for Trump. But

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Speaker 1: also it would take a long time for a Fanny

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Speaker 1: Willis replacement to get read in on this case, right,

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Speaker 1: Can you talk about that? Because the preparation it's month

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Speaker 1: to month.

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Speaker 2: And month sure, I mean, nothing in the legal system

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Speaker 2: ever moves in like sort of the expeditious timeline that

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Speaker 2: we're used to that perhaps we would like to see

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Speaker 2: for purposes of the news cycle, for purposes of on election.

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Speaker 2: That is very much fixed on the calendar. And a prosecutor,

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Speaker 2: even someone who wanted to take this case, even if

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Speaker 2: they could take it on, like, they can't go into

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Speaker 2: court tomorrow and start freely discussing the subject matter. They

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Speaker 2: have to get read up on it, just like Willis

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Speaker 2: has been over the development of the case. So yeah,

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Speaker 2: it's not just a matter of designating another lawyer. It's

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Speaker 2: designating another lawyer, another da I mean, who can then

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Speaker 2: begin the arduous process of reading in on the file

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Speaker 2: enough to actually be able to do something with it.

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Speaker 1: But also today Trump had another legal snaffo. Can you

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Speaker 1: talk about this?

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Speaker 2: So yeah, the case in New York is going considerably

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Speaker 2: different than the one in Georgia, very different. Tenor no

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Speaker 2: prosecutors sleeping with other prosecutors to the best of our knowledge.

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Speaker 2: And in that one we actually have a trial on

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Speaker 2: the calendar. Now the judge says the hush money trial

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Speaker 2: is going to go forward on March twenty fifth. That

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Speaker 2: is a case in New York State Court. So it's

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Speaker 2: not something that if he were to become president he

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Speaker 2: could do anything about. Yeah, the specter of this man

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Speaker 2: being in court again, in a courtroom passing notes to

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Speaker 2: his attorney on the rare occasions he constrained together more

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Speaker 2: than three or four words written down, that'll be fun.

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Speaker 1: I do think that Trump is not happy being a defendant.

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Speaker 2: I go back and forth on that question, sort of

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Speaker 2: the perils of trying to psychoanalyze a man whose brain

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Speaker 2: consists mostly of cottage cheese. I do sort of think

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Speaker 2: sometimes that, like me, he doesn't think that any of

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Speaker 2: this will ever result in meaningful legal consequences for him.

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Speaker 2: He has derived that lesson from living his entire life,

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Speaker 2: in which there have never been any meaningful legal consequences

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Speaker 2: for anything. If you sort of take him as someone

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Speaker 2: who is running for president largely because he has nothing

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Speaker 2: else to do, and also it seems like probably the

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Speaker 2: best weapon he can wield in his legal fights. I

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Speaker 2: sort of think he does like being able to frame

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Speaker 2: himself as a victim persecuted on multiple fronts in multiple states,

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Speaker 2: in different courtrooms, which is why, again, this Fanny Willis

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Speaker 2: thing is such a godsend for him, because what is

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Speaker 2: the George of prosecution about again who knows, right, we're

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Speaker 2: talking about the personal lives of the prosecutors now, not

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Speaker 2: the stuff that landed Trump there in the first place.

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Speaker 2: It's of course, like benefits him. That's exactly what he wants.

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Speaker 1: Right, exactly, But it is silatious and it's legal, and

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Speaker 1: it's coming. So just give us an update on where

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Speaker 1: these are. Other cases are the immunity case, will you

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Speaker 1: explain to us what an ongoing bonk is and what

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Speaker 1: that means and if that's happening.

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Speaker 2: Yes, so, in the Court of Appeals for the DC Circuit,

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Speaker 2: Trump has asserted that as president he has absolute immunity

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Speaker 2: against criminal prosecution for any acts that he committed as president.

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Speaker 2: If you want to like go a level or two deeper,

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Speaker 2: His argument is that as president, to basically, impeachment is

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Speaker 2: the only method of holding him legally accountable. Therefore, unless

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Speaker 2: he was impeached and convicted by the Senate, he has

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Speaker 2: immunity from criminal prosecution for it. Today, there are sort

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Speaker 2: of a number of problems with this, namely that it

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Speaker 2: resolves the issue of the president's criminal acts entirely to

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Speaker 2: like the ability to marshal a two thirds majority in

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Speaker 2: the Senate, which, like, I don't know if we could

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Speaker 2: get two thirds of the Senate to agree on anything,

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Speaker 2: much less convicting a president on impeachment charges. Fortunately, the

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Speaker 2: DC Circuit rejected Trump's claim of absolute presidential immunity, and

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Speaker 2: he is now asking the Supreme Court to sort of.

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Speaker 1: Block that ruling to do him as solid.

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Speaker 2: Yes while he seeks what's called en banc review, basically

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Speaker 2: asking the entire DC Circuit to hear the case rather

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Speaker 2: than the smaller three judge panel that issued that decision

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Speaker 2: on bank review is sort of the last step before

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Speaker 2: appealing the merits to the Supreme Court.

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Speaker 1: Would you think the Supreme Court will go along with God,

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Speaker 1: King Emperor Trump or now?

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Speaker 2: I do not think that they will want to set

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Speaker 2: a precedent of presidents can never be prosecuted criminally for

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Speaker 2: anything they do in office.

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Speaker 1: I think the only.

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Speaker 2: Question is exactly how they how they try and dispose

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Speaker 2: of it to make as few waves as possible. I

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Speaker 2: don't think there's any way they can do it without

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Speaker 2: making waves. It's just how big are those going to be?

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Speaker 2: And what could they be the easiest thing they could

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Speaker 2: do is just decline to hear the case, right to

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Speaker 2: just let the DC Circuit's opinion speak for itself and

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Speaker 2: to allow the which would functionally allow the prosecution to

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Speaker 2: move forward.

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Speaker 1: But Alito and Thomas seem like such partisan hacks, and

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Speaker 1: also Gorsage and also Kavanaugh. Do you really think they

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Speaker 1: would do something like not help out their guy.

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Speaker 2: I've been wrong a bunch before, I'll probably be wrong again,

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Speaker 2: But I do think that's probably a bridge too far.

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Speaker 2: Like these justices had the opportunity to get involved in

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Speaker 2: the twenty twenty election if they so wanted, and that

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Speaker 2: was not a fight they're willing to do. The reason

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Speaker 2: control of the Supreme Court is so important for the

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Speaker 2: Republican Party and the conservative legal movement is the legal

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Speaker 2: system has sort of this unearned veneer of legitimacy.

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Speaker 1: So they would compromise that.

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Speaker 2: That's right. They have a lot more to gain by

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Speaker 2: not giving Donald Trump everything he wants here in future cases,

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Speaker 2: in future issues that are much bigger than any one

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Speaker 2: person's political career, any one person's presidential aspirations. This is

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Speaker 2: one where they can save a bunch of political capital,

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Speaker 2: burnish the court's reputation, and fight another day, fight a

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Speaker 2: lot more days.

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Speaker 1: Jesus so interesting. Also, we're all going to die. Thank

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Speaker 1: you for joining us, Thank you.

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Speaker 2: For having me. Let's save the Taylor Swift conversation for

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Speaker 2: next time. I look forward to it.

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Speaker 1: Did you know Rick Wilson and I are bringing together

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Speaker 1: some friends for a general election kickoff party at City

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Speaker 1: Winery in New York on March sixth. We're going to

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Speaker 1: be chatting right after Super Tuesday about what's going on,

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Speaker 1: and it is going to probably be the one fun

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Speaker 1: night for the next eighty days. If you're in the

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Speaker 1: New York area, please come by and join us. You

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Speaker 1: can go to City Winery's website and grab a ticket.

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Speaker 1: Rachel Bade is a senior Washington correspondent of Politico and

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Speaker 1: author of Unchecked Welcome Back, Too Fast Politics. Rachel Bade,

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Speaker 1: thank you, Mollie.

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Speaker 4: I've missed you.

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Speaker 3: Glad to be back.

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Speaker 1: I missed you, and I'm excited to have you back

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Speaker 1: because I think of you as someone I mean, first

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Speaker 1: of all, Congress Historically it can be a slightly sleepy beat.

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Speaker 1: Sometimes what is happening right now doesn't it feel unprecedented? Yeah?

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Speaker 3: Absolutely, the chaos is. It's definitely ranting supreme. I can

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Speaker 3: tell you that going into this year. My being thought

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Speaker 3: was like, Okay, the Hill's going to be quiet, the

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Speaker 3: campaign triot is going to be interesting.

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Speaker 4: I'm going to ignore Congress for a while.

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Speaker 3: No, I keep getting dragged back to my old stomping grounds,

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Speaker 3: the House of Representatives, because I mean, the Republicans right

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Speaker 3: now are just you know, eating each other alive. And

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Speaker 3: the thing that's most shocking to me in recent weeks

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Speaker 3: is the level of hypocrisy that we are seeing from

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Speaker 3: the GOP right now. I mean, in a cosey, it's Washington,

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Speaker 3: They're all I mean, this is we become cynical as reporters.

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Speaker 1: I mean, I think it's important just just couches. You

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Speaker 1: are not a partisan, absolutely not it. You come from Congress,

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Speaker 1: you work at politicos, so you're really here to just

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Speaker 1: say what you're seeing. But what you're seeing ishpocrasy.

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Speaker 3: Yes, I mean, I've covered the Hill for over a decade,

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Speaker 3: especially Republicans have a lot of great relationships with them,

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Speaker 3: and they will tell you some even on.

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Speaker 4: The record, that the level of hipocrasy or here.

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Speaker 3: Is just uncanny. I mean, I'm thinking first of all

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Speaker 3: about what happened with the border deal recently, so.

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Speaker 1: Talk us through that just for the people who are

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Speaker 1: not completely right in.

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Speaker 3: The White House obviously wants to send more money to Ukraine.

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Speaker 3: They've been asking about this for months now, and Speaker

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Speaker 3: Mike Johnson initially put up a requirement that, Okay, if

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Speaker 3: we're going to fund Ukraine, first we have to deal

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Speaker 3: with our defense here at home. We need to crack

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Speaker 3: down on the border. So this was a Speaker johnson

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Speaker 3: initial push right after he became Speaker, and he basically said, look,

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Speaker 3: I want to buy partisan border deal. It takes four months.

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Speaker 3: Lawmakers go into this rabbit hole in the Senate and

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Speaker 3: they come out and they have a bill that gives

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Speaker 3: Republicans a whole bunch of conservative policy wins.

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Speaker 4: Democrats get very little in terms of immigration.

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Speaker 1: It's not so far from HB two, right.

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Speaker 3: So HR two, which is the House version, just the

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Speaker 3: House version of like a border crack down. It definitely

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Speaker 3: goes further. But these are not policy changes that Democrats

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Speaker 3: would want for free. It's like pulling their teeth here,

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Speaker 3: and it's all because they want Ukraine money, right, like

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Speaker 3: increasing Sanders or asylum, giving new authority to expel migrants,

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Speaker 3: basically ending what Republicans call catch and release, you know,

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Speaker 3: making it easier to detain people and not release them

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Speaker 3: but actually keep them in house while they're waiting for

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Speaker 3: their asylum cases. Anyway, a lot of conservative policy wins,

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Speaker 3: and Johnson blows it up, says no because Donald Trump

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Speaker 3: pressures him not to give Joe Biden a win on

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Speaker 3: the border, which is clearly one of his biggest political

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Speaker 3: problems right now. A lot of people do not like

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Speaker 3: how Biden's handling the border issue, and Johnson follows suit.

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Speaker 3: And then after the Senate just a few days ago,

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Speaker 3: passes this Ukraine assistance package without the border. Since Johnson

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Speaker 3: said no to what he originally.

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Speaker 4: Requested, they send it to the House and.

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Speaker 3: Guess what the speaker says now, he says it doesn't

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Speaker 3: address the border, so we can't accept it.

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Speaker 4: It's just like, oh my.

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Speaker 1: Gosh, right, it's not a great look to say the

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Speaker 1: thing you gave me I don't want. And also I

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Speaker 1: won't help you unless you give me the thing which

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Speaker 1: I just rejected.

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Speaker 3: Yeah, and like, look, I know we always talk about

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Speaker 3: how during a presidential election year, like I wish we

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Speaker 3: were talking about at the beginning, Usually it goes dark.

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Speaker 3: Not a lot gets done. All the votes are usually

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Speaker 3: like very sort of posturing votes. Messaging, yeah, messaging, but like,

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Speaker 3: you know, there's a real need on the border right now.

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Speaker 4: It's a top concern for voters.

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Speaker 3: And you know, you had people like me McConnell in

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Speaker 3: the Senate who were really championing and cheerleading this for

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Speaker 3: a long time until they saw the writing on the

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Speaker 3: wall and then they backtracked. It was just a stunning,

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Speaker 3: sort of embarrassing thing on Capitol Hill recently. I will

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Speaker 3: also say that, you know, Speaker Mike Johnson, a lot

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Speaker 3: of House Republicans were excited about his ascension. Now, a

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Speaker 3: lot of them, and I just wrote about this in

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Speaker 3: Playbook a few days ago, a lot of them are

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Speaker 3: pining for Kevin McCarthy again. And that is saying something

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Speaker 3: people like Thomas Messy, who is a conservative libertarian esque

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Speaker 3: member from Kentucky. He has long been a top critic

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Speaker 3: of Kevin McCarthy, never been a good fan of him.

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Speaker 3: He said that after Republicans tried and failed to impeach

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Speaker 3: may Orcists just a few days ago, and it's sort

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Speaker 3: of an embarrassing display. He was like, you know, getting

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Speaker 3: rid of McCarthy was a huge mistake, and people are

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Speaker 3: starting to say that Republicans are saying that a lot

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Speaker 3: behind the scenes right now.

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Speaker 1: Not a great look for mad Gates, who was the

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Speaker 1: driving force behind getting rid of McCarthy.

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Speaker 4: Yeah, you know, that's actually a really interesting point.

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Speaker 3: I should probably find him on the hill and catch

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Speaker 3: up little Buyer's remorse. I'm sure he will never admit it, right,

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Speaker 3: I mean, I think this is like Gates's crowning achievement

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Speaker 3: that he got rid of somebody he completely despised. But look,

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Speaker 3: it's showing that maybe the issue wasn't McCarthy so much

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Speaker 3: as the fact that they have a slim majority in

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Speaker 3: Republicans larger so divided right now between like the Magawine

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Speaker 3: of the party and the more traditional Republicans. Obviously the

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Speaker 3: Magawine is winging out hardcore right now, and that's a

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Speaker 3: problem when you know, the functions of Congress is to

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Speaker 3: govern and pass legislation and compromises needed, and that is

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Speaker 3: very out of fashion right now.

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Speaker 1: It's one of the things that I think makes your

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Speaker 1: point really well is that they lost a sixth procedural

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Speaker 1: vote on salt. I know Jesse loves to talk about

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Speaker 1: but it's a sort of like the state and local adoption.

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Speaker 1: Republicans from New York, and I think, quite smartly, believe

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Speaker 1: that if there's any chance of them keeping their seats,

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Speaker 1: they need to try to pass this solid deduction. Can

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Speaker 1: you talk us through what's happening there?

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Speaker 3: Yeah, absolutely, So these are a lot of Republicans in

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Speaker 3: New York and Biden districts. They're worried about their.

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Speaker 1: Seats in California too, right.

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Speaker 3: Yeah, California too, absolutely, and a lot of their constituents

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Speaker 3: high cost areas. Right, they want to be able to

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Speaker 3: take the state and local tax deduction. They want the

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Speaker 3: sort of cap on that to be higher. So basically

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Speaker 3: a bigger tax break for the fact that they're paying

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Speaker 3: all these other state and local taxes at a much bigger

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Speaker 3: rate than the rest of the country is. The centrist

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Speaker 3: Republicans were pushing Johnson to allow vote on this. He

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Speaker 3: said he would allow it, but it didn't even come

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Speaker 3: to a full vote because before you have the vote

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Speaker 3: on the legislation, you have what's called a rule in

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Speaker 3: the House of Representatives. It's basically just governing the debate

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Speaker 3: for them considering this bill, and usually it's up to

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Speaker 3: the majority. To carry a rule two passage, they need

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Speaker 3: to get a majority of the House. Usually it's the

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Speaker 3: majority of Republicans are the ones who are supposed to

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Speaker 3: carry this. Instead, eighteen Republicans voted against it. All Democrats

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Speaker 3: voted against it. The rule went down and it.

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Speaker 4: Never got considered. And the thing to know about this

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Speaker 4: is it's it's the sixth time this has.

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Speaker 3: Happened since Johnson began Speaker, and that is more than

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Speaker 3: I believe something in like half a century, Congress has

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Speaker 3: not seen a rule go down or fail on the

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Speaker 3: floor this often, and more than half a century. And

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Speaker 3: I will also note former Speaker Nancy Pelousi never lost

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Speaker 3: a single vote on the House floor. Johnson has lost

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Speaker 3: more than a half a dozen, including an effort to

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Speaker 3: try to impeach the DHS Secretary Alejandro Mayorchis and try

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Speaker 3: to fund Ukraine to Israel, which is a largely bipartisan

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Speaker 3: issue on Capitol Hill, but the way he did it

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Speaker 3: pissed a lot of people off and it went down.

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Speaker 1: He like did this sort of weird hell Mary pass

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Speaker 1: where he's like, we're going to do Israel funding with

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Speaker 1: no offsets, which would mean just like more money more

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Speaker 1: foreign a. Politically, there's a lot of popularity for it,

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Speaker 1: and it died too, and the Israel people were like,

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Speaker 1: don't do it this way.

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Speaker 4: Yeah.

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Speaker 3: So initially he had put this money up for a

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Speaker 3: vote months ago, but with these controversial offsets, basically targeted

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Speaker 3: a bunch of democratic priorities to cut spending there and

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Speaker 3: move that money to fund this new assistance for Israel.

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Speaker 3: That pissed off a lot of Dems. They said, no,

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Speaker 3: this isn't easy out. Now he sort of moved forward

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Speaker 3: getting rid of those offsets, just doing what they call

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Speaker 3: a clean bill that doesn't include sort of these partisan

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Speaker 3: policy winds. But it came right after Johnson killed the

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Speaker 3: border bill. And what's important to know about this is

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Speaker 3: that the White House has been asking for a national

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Speaker 3: security package that includes money for Israel, money for Ukraine,

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Speaker 3: and money for Taiwan. They want to keep them all

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Speaker 3: together because the belief is that the medicine goes down

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Speaker 3: with a little sugar, right, So you know, people who

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Speaker 3: don't want to vote for Ukraine, maybe they vote for

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Speaker 3: this package because they do want to support Israel. Johnson

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Speaker 3: sort of carved that up, took Israel out, and tried

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Speaker 3: to pass it what is known as under suspension of

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Speaker 3: the rules of the House. This means it requires two

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Speaker 3: thirds of a majority to actually pass, not just a

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Speaker 3: simple majority. So a lot of Republicans and Democrats needed.

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Speaker 3: A lot of Democrats or pissed that he was trying

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Speaker 3: to curve off this money just on Israel instead of

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Speaker 3: also addressing Ukraine. And then he had also flip flopped

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Speaker 3: on this notion of offsetting this funding, so a lot

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Speaker 3: of Conservatives who wanted to see this money paid for

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Speaker 3: were pissed at him too. So it's just the thing

437
00:23:22,119 --> 00:23:25,040
Speaker 3: I keep hearing over and over about him by Republicans

438
00:23:25,040 --> 00:23:26,960
Speaker 3: in the House is that he's all over the place.

439
00:23:27,359 --> 00:23:29,000
Speaker 3: He's flying by the seat of his pants.

440
00:23:29,080 --> 00:23:31,160
Speaker 4: With McCarthy, they said, at least he had a strategy.

441
00:23:31,200 --> 00:23:33,439
Speaker 3: Not everybody liked it, and a lot of people accused

442
00:23:33,480 --> 00:23:35,280
Speaker 3: him of lying all the time, which was a big

443
00:23:35,320 --> 00:23:37,560
Speaker 3: problem for him. But he had a strategy, he pitched

444
00:23:37,600 --> 00:23:39,680
Speaker 3: it to his members, and oftentimes he stuck to it.

445
00:23:39,760 --> 00:23:43,640
Speaker 3: With Johnson, it seems like his mind is changing depending

446
00:23:43,680 --> 00:23:46,000
Speaker 3: on you know, the week, and you know he's doing

447
00:23:46,000 --> 00:23:48,760
Speaker 3: one thing with Israel, then he backtracks a couple weeks later,

448
00:23:48,800 --> 00:23:51,600
Speaker 3: his members get mad. He's telling members that he does

449
00:23:51,640 --> 00:23:55,879
Speaker 3: support helping Ukraine, but then refuses to put Ukraine money

450
00:23:55,920 --> 00:23:58,520
Speaker 3: on the House floor because of the threat from the

451
00:23:58,600 --> 00:24:01,480
Speaker 3: magawing and some of his members like Marjorie Taylor Green

452
00:24:01,560 --> 00:24:03,760
Speaker 3: saying they will oust him a speaker if he allows

453
00:24:03,760 --> 00:24:06,040
Speaker 3: such a vote. So he's all over the place and

454
00:24:06,040 --> 00:24:08,800
Speaker 3: that's really angering a lot of people, whether they're Conservatives,

455
00:24:09,160 --> 00:24:12,840
Speaker 3: modern Republicans, Hawks, or even doves in the House right now,

456
00:24:12,840 --> 00:24:14,160
Speaker 3: and it's not a good place for him.

457
00:24:14,440 --> 00:24:19,359
Speaker 1: I want to ask you about retirements because one of

458
00:24:19,400 --> 00:24:23,280
Speaker 1: the things that we're seeing Republicans in the House and

459
00:24:23,480 --> 00:24:26,919
Speaker 1: Democrats do, but the Republican ones have gotten a lot

460
00:24:27,040 --> 00:24:31,240
Speaker 1: of attention. Mark Green, who's the Chair of Homeland Security,

461
00:24:31,400 --> 00:24:33,919
Speaker 1: is leaving after only six years. And these are like

462
00:24:34,560 --> 00:24:39,399
Speaker 1: young Gish people for Congress anyway, young I just was

463
00:24:39,440 --> 00:24:40,719
Speaker 1: hoping you could talk about that.

464
00:24:41,119 --> 00:24:44,160
Speaker 3: Yeah, Mark Green still has a brown hair, so yes,

465
00:24:44,320 --> 00:24:47,639
Speaker 3: that's not that's not the majority in Congress. It's a

466
00:24:47,720 --> 00:24:52,240
Speaker 3: huge deal Chairman leaving, and what it says is that

467
00:24:52,280 --> 00:24:55,800
Speaker 3: Republicans are not confident about keeping the House number one. Well,

468
00:24:55,800 --> 00:24:58,520
Speaker 3: obviously the majority is very slim right now. When is

469
00:24:58,520 --> 00:24:59,200
Speaker 3: it like a three C.

470
00:24:59,440 --> 00:25:03,159
Speaker 1: Wait, I found the people are resigning, So with Kay Granger,

471
00:25:03,359 --> 00:25:07,600
Speaker 1: who voted to Keith McCarthy, Ken Buck, who's been actually

472
00:25:07,720 --> 00:25:12,200
Speaker 1: very vocal about the majorcist stuff, Blake luke Meyer. Right,

473
00:25:12,480 --> 00:25:15,080
Speaker 1: but these are all sort of twenty ten. I mean

474
00:25:15,119 --> 00:25:18,520
Speaker 1: Greg Pence, we knew, Mike Bence's brother. I mean, if

475
00:25:18,560 --> 00:25:21,200
Speaker 1: you look at the numbers, and then Kevin leaves, Kathy

476
00:25:21,240 --> 00:25:25,520
Speaker 1: McMorris Rogers, Mike Gallagher, they're sort of young ish and

477
00:25:25,640 --> 00:25:27,960
Speaker 1: sort of ambitious and leaving right.

478
00:25:28,359 --> 00:25:31,280
Speaker 3: Yeah, No, I mean CMR Kathy mc morris Rodgers once

479
00:25:31,320 --> 00:25:35,159
Speaker 3: in Republican leadership herself. Yeah, I mean, she's got a

480
00:25:35,280 --> 00:25:39,240
Speaker 3: powerful committee position that she's wanted for a long time.

481
00:25:39,800 --> 00:25:42,199
Speaker 3: Gallagher has very much been seen as sort of an

482
00:25:42,280 --> 00:25:45,040
Speaker 3: up and comer. He's super young. I don't think he's

483
00:25:45,080 --> 00:25:48,560
Speaker 3: gonna be like in his what lordies, No, not even

484
00:25:49,119 --> 00:25:51,760
Speaker 3: I think he's like in his thirties, actually maybe forties.

485
00:25:52,600 --> 00:25:55,240
Speaker 3: He yeah, the case closer to my age, but I

486
00:25:55,280 --> 00:25:57,119
Speaker 3: could be totally warm about that. But again, he has

487
00:25:57,160 --> 00:25:59,800
Speaker 3: brown hair, which is not the norm in Congress. But

488
00:26:00,080 --> 00:26:03,600
Speaker 3: two things that this says. Number one is thirty ninety nine.

489
00:26:05,880 --> 00:26:06,120
Speaker 1: Wow.

490
00:26:06,600 --> 00:26:09,840
Speaker 4: Okay, he's older than me, I'm just saying, but still

491
00:26:09,920 --> 00:26:11,800
Speaker 4: very young. It says two things.

492
00:26:11,840 --> 00:26:14,480
Speaker 3: It says that people are number one, there they're pissed

493
00:26:14,640 --> 00:26:18,240
Speaker 3: about Congress not working anymore, and like, you know, Republicans

494
00:26:18,280 --> 00:26:20,080
Speaker 3: are in the majority, and you don't hear a lot

495
00:26:20,080 --> 00:26:22,359
Speaker 3: of them talk about this on the record, but basically

496
00:26:22,400 --> 00:26:24,359
Speaker 3: every one of them will admit this to you, either

497
00:26:24,400 --> 00:26:27,640
Speaker 3: on background or you know, in a private conversation, that

498
00:26:27,840 --> 00:26:29,800
Speaker 3: they're a shit show right now. They don't know what

499
00:26:29,840 --> 00:26:32,600
Speaker 3: they're doing, and the party's all over the place, and

500
00:26:32,640 --> 00:26:34,560
Speaker 3: they think it's going to get worse because Donald Trump

501
00:26:34,600 --> 00:26:36,440
Speaker 3: is going to be the nominee and there's a big

502
00:26:36,480 --> 00:26:40,280
Speaker 3: fear of him also pulling down Republicans. But like, if

503
00:26:40,280 --> 00:26:43,000
Speaker 3: you come to Congress, actually pass legislation, get things done,

504
00:26:43,560 --> 00:26:46,600
Speaker 3: and like you have Republicans openly admitting that they're not

505
00:26:46,640 --> 00:26:49,960
Speaker 3: putting a solution on the floor because Donald Trump wants

506
00:26:50,040 --> 00:26:53,560
Speaker 3: to keep that problem to run on in twenty twenty

507
00:26:53,600 --> 00:26:57,000
Speaker 3: four read the border specifically. That's frustrating to a lot

508
00:26:57,000 --> 00:26:59,600
Speaker 3: of members. And so you know, people are sort of

509
00:26:59,600 --> 00:27:01,399
Speaker 3: looking at the ready on the wall. They think they're

510
00:27:01,480 --> 00:27:03,679
Speaker 3: probably not going to be in the majority again in

511
00:27:03,720 --> 00:27:06,919
Speaker 3: twenty twenty five. And look, they're just saying this is

512
00:27:07,080 --> 00:27:09,160
Speaker 3: they're looking at their time and saying that they'd rather

513
00:27:09,200 --> 00:27:10,040
Speaker 3: be doing other things.

514
00:27:10,280 --> 00:27:11,640
Speaker 4: So it's pretty telling.

515
00:27:12,040 --> 00:27:16,840
Speaker 1: Yeah, talk me through Maorca's this impeachment now starts. It

516
00:27:17,080 --> 00:27:19,720
Speaker 1: means that the Senate can't do anything right.

517
00:27:20,040 --> 00:27:22,959
Speaker 3: Yeah, No, the Senate they can if they want, but

518
00:27:23,040 --> 00:27:24,679
Speaker 3: they have to do this trial.

519
00:27:24,920 --> 00:27:25,120
Speaker 1: Right.

520
00:27:25,440 --> 00:27:28,239
Speaker 3: That's actually been something that I've been doing some reporting on.

521
00:27:28,320 --> 00:27:30,760
Speaker 3: There's a number of ways Democrats can try to get

522
00:27:30,800 --> 00:27:34,000
Speaker 3: out of the trial, and there are conversations happening right

523
00:27:34,040 --> 00:27:36,720
Speaker 3: now in the White House and also among Senate Democrats

524
00:27:36,760 --> 00:27:39,800
Speaker 3: about how quickly can they make this go away. There

525
00:27:39,880 --> 00:27:41,919
Speaker 3: is definitely a feeling amongst Democrats, and by the way,

526
00:27:41,960 --> 00:27:44,440
Speaker 3: a lot of Republicans in the Senate, in the sort

527
00:27:44,480 --> 00:27:48,560
Speaker 3: of legal constitutional scholar braining act community too, that sort

528
00:27:48,600 --> 00:27:52,119
Speaker 3: of leans to the right, that this impeachment was not merited.

529
00:27:52,200 --> 00:27:56,200
Speaker 3: It was not high crimes into misdemeanors. The Founders talked

530
00:27:56,200 --> 00:27:58,359
Speaker 3: about whether they should allow impeachment to be done for

531
00:27:58,440 --> 00:28:02,600
Speaker 3: policy issues, and the Founders completely rejected that debate and

532
00:28:02,640 --> 00:28:05,000
Speaker 3: decided that no, they didn't want that yet. That's exactly

533
00:28:05,080 --> 00:28:07,640
Speaker 3: what the House did, so there's a feeling amongst Democrats

534
00:28:07,680 --> 00:28:09,640
Speaker 3: that they want to get rid of this. There's talk

535
00:28:09,720 --> 00:28:12,639
Speaker 3: right now about doing what's called emotion to dismiss, basically

536
00:28:12,680 --> 00:28:15,360
Speaker 3: after the articles come over to the Senate, which will

537
00:28:15,359 --> 00:28:17,760
Speaker 3: happen next week. It's going to happen right after the

538
00:28:17,800 --> 00:28:20,680
Speaker 3: Senate comes back from their President's Day recess. They can

539
00:28:20,720 --> 00:28:23,200
Speaker 3: basically vote right away to try to get rid of

540
00:28:23,280 --> 00:28:27,119
Speaker 3: the articles dismiss. They can also allow for opening statements.

541
00:28:27,160 --> 00:28:28,960
Speaker 3: But by the way, if they do that, that means

542
00:28:29,000 --> 00:28:31,119
Speaker 3: Marjorie Taylor Green is going to be presenting on the

543
00:28:31,200 --> 00:28:34,520
Speaker 3: Senate floor talking about Biden and the border.

544
00:28:34,800 --> 00:28:37,959
Speaker 1: That was my next question. Tell us who these impeachment

545
00:28:38,040 --> 00:28:40,960
Speaker 1: managers are, because this is amazing.

546
00:28:41,320 --> 00:28:44,000
Speaker 4: The one that obviously stuck out to me was Marjorie

547
00:28:44,000 --> 00:28:44,600
Speaker 4: Taylor Green.

548
00:28:44,880 --> 00:28:47,320
Speaker 3: And this is not someone that the White House is

549
00:28:47,360 --> 00:28:50,080
Speaker 3: going to be wanting to give a huge microphone too.

550
00:28:50,400 --> 00:28:53,560
Speaker 4: So again, this is why Democrats are looking to end.

551
00:28:53,400 --> 00:28:54,960
Speaker 1: This or maybe they should.

552
00:28:55,120 --> 00:28:57,600
Speaker 3: Well that's actually a good point because I did have

553
00:28:57,680 --> 00:29:00,840
Speaker 3: that thought too. But also she could say a lot

554
00:29:00,880 --> 00:29:04,680
Speaker 3: of things that are not exactly true. During a trial,

555
00:29:04,760 --> 00:29:08,360
Speaker 3: you can't just rebut her, right, the managers present, and

556
00:29:08,400 --> 00:29:12,040
Speaker 3: then the defense presents. You can't interrupt and say objection,

557
00:29:12,240 --> 00:29:14,800
Speaker 3: this is not true, So it's basically giving her like

558
00:29:14,840 --> 00:29:17,040
Speaker 3: a free rate to say what she wants. They can

559
00:29:17,120 --> 00:29:18,960
Speaker 3: just dismiss it at the front. They can do opening

560
00:29:19,040 --> 00:29:21,400
Speaker 3: arguments and then dismiss it. And then the thing that

561
00:29:21,520 --> 00:29:23,720
Speaker 3: a lot of people are talking about right now is

562
00:29:23,760 --> 00:29:27,000
Speaker 3: actually referring these impeachment articles to a committee. This has

563
00:29:27,080 --> 00:29:30,720
Speaker 3: been done with non presdential impeachments in the past, things

564
00:29:30,800 --> 00:29:34,320
Speaker 3: like judicial impeachments, where they basically send it to a committee,

565
00:29:34,320 --> 00:29:37,880
Speaker 3: the committee investigates it and then recommends that the full

566
00:29:37,920 --> 00:29:40,440
Speaker 3: Senate vote up or down. In the Senate votes up

567
00:29:40,520 --> 00:29:43,360
Speaker 3: or down. So the problem with this though is even

568
00:29:43,360 --> 00:29:46,040
Speaker 3: if it goes to a committee, we could see hearings

569
00:29:46,240 --> 00:29:48,120
Speaker 3: on this matter. And again I think the White House

570
00:29:48,160 --> 00:29:50,920
Speaker 3: wants this to go away asap. It'll be interesting to

571
00:29:50,920 --> 00:29:52,800
Speaker 3: see what they do, but definitely don't expect like a

572
00:29:52,880 --> 00:29:54,760
Speaker 3: long drawn out process.

573
00:29:54,840 --> 00:29:59,920
Speaker 1: So so interesting making Marjorie Taylor Green an impeachment manager.

574
00:30:00,320 --> 00:30:03,280
Speaker 1: The theory of the case here with Republicans, I think

575
00:30:03,600 --> 00:30:06,280
Speaker 1: is that the base loves Marjorie Taylor Green and the

576
00:30:06,280 --> 00:30:09,600
Speaker 1: rest of us or the sort of persuadable voter, of

577
00:30:09,640 --> 00:30:13,400
Speaker 1: which you know there are fewer and fewer that they

578
00:30:13,760 --> 00:30:16,880
Speaker 1: will grow to love her. But if you're trying to

579
00:30:16,960 --> 00:30:18,920
Speaker 1: keep the House, is this a brilliant play?

580
00:30:19,280 --> 00:30:21,280
Speaker 4: Absolutely not, I would say there are.

581
00:30:21,520 --> 00:30:23,920
Speaker 3: I know from conversations with Republicans on the Hill a

582
00:30:23,920 --> 00:30:26,880
Speaker 3: lot of them know that she is a loose cannon

583
00:30:27,160 --> 00:30:30,760
Speaker 3: and that it will very much blow back on them politically.

584
00:30:31,280 --> 00:30:33,560
Speaker 3: The reason she is in this position is because of

585
00:30:33,600 --> 00:30:36,640
Speaker 3: the power she wields in the House. I can tell

586
00:30:36,680 --> 00:30:38,720
Speaker 3: you you know, when they were doing these Biden and

587
00:30:38,720 --> 00:30:40,760
Speaker 3: impeachment hearings a while ago, just to give you some

588
00:30:40,800 --> 00:30:43,720
Speaker 3: insight into this, there was a debate about whether the

589
00:30:43,760 --> 00:30:46,520
Speaker 3: achiachment should be going through the House Oversight Committee or

590
00:30:46,560 --> 00:30:49,240
Speaker 3: the House Judiciary Committee. There was a couple hearings in

591
00:30:49,280 --> 00:30:53,120
Speaker 3: the House Oversight Committee that were frankly embarrassing or Republicans

592
00:30:53,120 --> 00:30:55,560
Speaker 3: where their own witnesses said that what Biden had done

593
00:30:55,720 --> 00:30:57,800
Speaker 3: or these allegations of gets Biden again were not.

594
00:30:58,160 --> 00:31:03,000
Speaker 1: Liberal turally right, yes, yes, exactly not so liberal, but

595
00:31:03,080 --> 00:31:04,200
Speaker 1: definitely very conservative.

596
00:31:04,440 --> 00:31:07,400
Speaker 4: And so there was talk about, Okay, Oversight.

597
00:31:07,080 --> 00:31:09,040
Speaker 3: Doesn't know what they're doing. Jim Jordan is the chair

598
00:31:09,040 --> 00:31:11,800
Speaker 3: of the Judiciary Committee. Let's just move this over to Jordan.

599
00:31:11,880 --> 00:31:13,680
Speaker 3: A lot of Republicans were telling me they wanted to

600
00:31:13,720 --> 00:31:16,800
Speaker 3: do this. The answer, however, was no, because of one

601
00:31:16,840 --> 00:31:20,040
Speaker 3: main reason. Marjorie Taylor Green is on oversight and she

602
00:31:20,360 --> 00:31:22,200
Speaker 3: wants this and if we take it from her, she

603
00:31:22,280 --> 00:31:24,880
Speaker 3: will get pissed, and nobody wanted to piss her off

604
00:31:24,920 --> 00:31:28,479
Speaker 3: in leadership. So the reason she is getting this position

605
00:31:28,640 --> 00:31:31,280
Speaker 3: is not because Republicans think she's a great messenger. They

606
00:31:31,320 --> 00:31:33,680
Speaker 3: know she's a very flawed one. The reason she's getting

607
00:31:33,680 --> 00:31:36,520
Speaker 3: it is because they're trying to praase her. And if

608
00:31:36,560 --> 00:31:38,720
Speaker 3: they don't give her this position when she's been lobbing

609
00:31:38,760 --> 00:31:41,680
Speaker 3: for it considerably behind the scenes, then they're going to

610
00:31:41,720 --> 00:31:43,680
Speaker 3: be in trouble. And that again, it's not a place

611
00:31:43,760 --> 00:31:47,000
Speaker 3: that these chairmen or Republican leaders be in right now.

612
00:31:47,200 --> 00:31:51,480
Speaker 1: So it's yet another Republicans being held hostage by their crazy.

613
00:31:51,360 --> 00:31:53,920
Speaker 3: By the bar right by the mataway, yes, and against

614
00:31:54,080 --> 00:31:56,240
Speaker 3: what they know is their best interest in their own

615
00:31:56,240 --> 00:31:57,480
Speaker 3: political gut instincts.

616
00:31:57,520 --> 00:32:01,000
Speaker 1: So it's really interesting, really interesting. Thank you so much, Rachel.

617
00:32:01,120 --> 00:32:02,680
Speaker 3: Happy to be on while I get to see you.

618
00:32:04,440 --> 00:32:08,160
Speaker 1: Dan Nathan is a panelist on Fast Money as well

619
00:32:08,200 --> 00:32:11,200
Speaker 1: as the co host of the podcast on the tape

620
00:32:11,440 --> 00:32:17,960
Speaker 1: and Okay Computer. Welcome back to Fast Politics, Dan Nathan.

621
00:32:17,920 --> 00:32:19,760
Speaker 5: Thanks for having me back, Molly. It's one of my

622
00:32:20,040 --> 00:32:22,120
Speaker 5: favorite podcasts. You know, I have a few of my own,

623
00:32:22,200 --> 00:32:24,440
Speaker 5: so therefore I have to put it in one of

624
00:32:24,480 --> 00:32:27,160
Speaker 5: my favorite but I love Fast Politics.

625
00:32:26,600 --> 00:32:30,760
Speaker 1: Oh your best. So I'm very happy to have you here.

626
00:32:30,960 --> 00:32:33,680
Speaker 1: And first I want you to explain to us because

627
00:32:33,680 --> 00:32:37,080
Speaker 1: it's sort of an interesting week in the public markets,

628
00:32:37,160 --> 00:32:42,360
Speaker 1: not getting a ton of like non market related press.

629
00:32:42,480 --> 00:32:44,520
Speaker 1: It has not carried over into the news cycle, but

630
00:32:44,800 --> 00:32:47,440
Speaker 1: a little bit interesting. Talk to this about what happened

631
00:32:47,480 --> 00:32:50,520
Speaker 1: on Monday and is sort of market volatility that followed.

632
00:32:50,800 --> 00:32:53,240
Speaker 5: Yeah, so we had a situation where all eyes were

633
00:32:53,280 --> 00:32:56,800
Speaker 5: on this CPI report. This is an inflation reading that

634
00:32:56,880 --> 00:32:59,920
Speaker 5: a lot of market participants follow very closely, and you know,

635
00:33:00,160 --> 00:33:03,560
Speaker 5: expectations have been and for the last year that a

636
00:33:03,600 --> 00:33:07,520
Speaker 5: lot of the effects of the Fed's monetary policy was

637
00:33:07,600 --> 00:33:10,320
Speaker 5: to bring down the level of inflation. We saw it

638
00:33:10,360 --> 00:33:12,440
Speaker 5: get as high as nine percent in twenty twenty two,

639
00:33:12,760 --> 00:33:14,960
Speaker 5: and therefore, you know they have this two percent target.

640
00:33:15,000 --> 00:33:17,040
Speaker 5: They've been speaking about it every time they have the

641
00:33:17,040 --> 00:33:20,000
Speaker 5: opportunity to do so. On the administration has been touting

642
00:33:20,000 --> 00:33:23,000
Speaker 5: the fact that inflation has come down dramatically from those

643
00:33:23,120 --> 00:33:25,720
Speaker 5: lofty levels in twenty twenty two. So we got a

644
00:33:25,760 --> 00:33:30,040
Speaker 5: reading for January inflation on Tuesday morning, and it was

645
00:33:30,080 --> 00:33:32,200
Speaker 5: a little hotter than expected.

646
00:33:31,920 --> 00:33:34,720
Speaker 1: Three point one for the year.

647
00:33:34,880 --> 00:33:37,840
Speaker 5: Correct three point one percent year over year, and so

648
00:33:38,040 --> 00:33:40,920
Speaker 5: a lot of I guess economists or strategists were expecting

649
00:33:41,040 --> 00:33:45,080
Speaker 5: possibly a two point something reading, right, getting closer to

650
00:33:45,600 --> 00:33:48,040
Speaker 5: their two percent target, which would give the Fed the

651
00:33:48,080 --> 00:33:51,200
Speaker 5: ability to then lower interest rates, right, And so that's

652
00:33:51,240 --> 00:33:53,720
Speaker 5: something that markets have been keying off. The stock market

653
00:33:53,840 --> 00:33:55,760
Speaker 5: just made a new all time high with the S

654
00:33:55,800 --> 00:33:58,200
Speaker 5: and P five hundred at this nice round number of

655
00:33:58,280 --> 00:34:01,760
Speaker 5: five thousand. Well, there we were, we close there on Monday.

656
00:34:01,840 --> 00:34:04,600
Speaker 5: And on Tuesday, with that hotter than expected reading, which

657
00:34:04,640 --> 00:34:08,200
Speaker 5: is pushing out the Fed's ability to lower interest rates,

658
00:34:08,360 --> 00:34:11,279
Speaker 5: the stock market sold off pretty aggressively. It has since

659
00:34:11,360 --> 00:34:13,920
Speaker 5: recovered over the last couple of days, but a lot

660
00:34:13,960 --> 00:34:16,400
Speaker 5: of economists, a lot of investors, a lot of strategists

661
00:34:16,400 --> 00:34:18,120
Speaker 5: are starting to price in the fact that maybe the

662
00:34:18,120 --> 00:34:21,200
Speaker 5: Fed will not be able to lower interest rates sooner

663
00:34:21,239 --> 00:34:24,720
Speaker 5: than some had expected, which is something that buoy's stock

664
00:34:24,760 --> 00:34:27,720
Speaker 5: market valuations, which is one of the main reasons why

665
00:34:27,880 --> 00:34:31,080
Speaker 5: the stock market from its October lows has rallied more

666
00:34:31,160 --> 00:34:31,880
Speaker 5: than twenty percent.

667
00:34:32,080 --> 00:34:35,360
Speaker 1: Right, weill unpack that number for us, because it's actually

668
00:34:35,360 --> 00:34:37,160
Speaker 1: a little bit misleading.

669
00:34:36,760 --> 00:34:39,400
Speaker 5: Right, Yeah, a lot of folks have been like arguing

670
00:34:39,440 --> 00:34:42,080
Speaker 5: for a very long time the way that that CPI

671
00:34:42,520 --> 00:34:46,160
Speaker 5: is calculated. You know, it just doesn't incorporate a lot

672
00:34:46,160 --> 00:34:49,320
Speaker 5: of things that a lot of regular Americans feel, whether

673
00:34:49,360 --> 00:34:52,520
Speaker 5: it be a hump and whether it be food, whether

674
00:34:52,560 --> 00:34:55,560
Speaker 5: it be auto insurance, whether it be certain services that

675
00:34:55,600 --> 00:34:58,400
Speaker 5: we all have to pay for, And so that reading

676
00:34:58,560 --> 00:35:00,680
Speaker 5: is a little funky, you know. It's also one of

677
00:35:00,680 --> 00:35:03,200
Speaker 5: these things where it seems like every sort of economic

678
00:35:03,440 --> 00:35:05,640
Speaker 5: reading that has the ability to kind of move the

679
00:35:05,680 --> 00:35:07,879
Speaker 5: stock market as it relates to what the Fed might

680
00:35:07,920 --> 00:35:11,560
Speaker 5: do with monetary policy, there's always some folks who just

681
00:35:11,600 --> 00:35:13,320
Speaker 5: want to tear them apart and say they're not actual

682
00:35:13,320 --> 00:35:15,200
Speaker 5: good readings. There's a lot of stuff in the employment

683
00:35:15,280 --> 00:35:17,680
Speaker 5: data that speaks to the same thing. And that's another thing.

684
00:35:17,719 --> 00:35:20,560
Speaker 5: You know, we can talk about inflation, but that January

685
00:35:20,600 --> 00:35:24,000
Speaker 5: employment report was really hot too. Write it's showing that

686
00:35:24,040 --> 00:35:26,600
Speaker 5: wage growth is really good at a time where unemployment

687
00:35:26,840 --> 00:35:30,440
Speaker 5: is that fifty year lows, basically all time lows. So

688
00:35:30,800 --> 00:35:33,240
Speaker 5: you can speak as much as you want about inflation

689
00:35:33,360 --> 00:35:36,319
Speaker 5: coming down, right, But you can also talk about a

690
00:35:36,480 --> 00:35:39,080
Speaker 5: very hot jobs market. You can talk about you know,

691
00:35:39,239 --> 00:35:42,480
Speaker 5: upward pressure on wages. That is also a big input

692
00:35:42,719 --> 00:35:45,200
Speaker 5: as it relates to inflation, so you know, and then

693
00:35:45,239 --> 00:35:47,960
Speaker 5: you've got to go back to, Okay, well, if the

694
00:35:48,239 --> 00:35:51,480
Speaker 5: employees are making more money year over year, right, and

695
00:35:51,520 --> 00:35:53,920
Speaker 5: if inflation is still higher than the Fed would like

696
00:35:53,960 --> 00:35:57,239
Speaker 5: it to be, if that inflation rate is below the

697
00:35:57,320 --> 00:36:00,520
Speaker 5: wage growth level, right, that should be good for consumers.

698
00:36:00,520 --> 00:36:02,520
Speaker 5: So there's all these sorts of ways that kind of

699
00:36:02,560 --> 00:36:05,359
Speaker 5: parse this out. But the upshot of this week and

700
00:36:05,400 --> 00:36:07,279
Speaker 5: some of the data that we've seen unemployment over the

701
00:36:07,320 --> 00:36:09,880
Speaker 5: last week or two is that the economy is still

702
00:36:10,200 --> 00:36:13,200
Speaker 5: really strong. And as long as the economy is strong,

703
00:36:13,560 --> 00:36:16,400
Speaker 5: then the Fed doesn't really have much case to lower

704
00:36:16,480 --> 00:36:19,279
Speaker 5: interest rates. And that very high interest rate is the

705
00:36:19,320 --> 00:36:22,240
Speaker 5: thing that could put the US economy into a recession,

706
00:36:22,239 --> 00:36:24,960
Speaker 5: and that's the thing that a lot of people are fearful, right.

707
00:36:25,120 --> 00:36:28,960
Speaker 1: So there's a circular logic here, and also even more

708
00:36:29,080 --> 00:36:32,200
Speaker 1: than that in those inflatiary numbers, wasn't the sort of

709
00:36:32,239 --> 00:36:35,760
Speaker 1: the largest uptick in real estate?

710
00:36:36,080 --> 00:36:38,040
Speaker 5: Yeah? Right, So one of the things that you think

711
00:36:38,080 --> 00:36:40,520
Speaker 5: that with you know, interest rates going higher, mortgage rates

712
00:36:40,520 --> 00:36:43,000
Speaker 5: going higher, the ability to kind of for people to

713
00:36:43,000 --> 00:36:45,160
Speaker 5: to kind of move it has been hindered. So you've

714
00:36:45,200 --> 00:36:49,080
Speaker 5: had this kind of really unnatural situation where you know,

715
00:36:49,200 --> 00:36:52,520
Speaker 5: like housing prices have stayed very high because people are

716
00:36:52,560 --> 00:36:55,960
Speaker 5: not willing to move out of their very low mortgage rates. Right,

717
00:36:56,000 --> 00:36:57,879
Speaker 5: So we've seen mortgage rates as high as they've been

718
00:36:58,000 --> 00:37:00,959
Speaker 5: in the last year or so in many decades or so,

719
00:37:00,960 --> 00:37:03,600
Speaker 5: So you know, you have asset prices that are very high.

720
00:37:03,600 --> 00:37:06,120
Speaker 5: So you have housing, you have the stock market, you know,

721
00:37:06,200 --> 00:37:08,320
Speaker 5: a whole host of other things. And so the Fed

722
00:37:08,680 --> 00:37:11,000
Speaker 5: again what they're trying to do with these high interest

723
00:37:11,080 --> 00:37:14,239
Speaker 5: rates is kind of tamp down demand. Right. They want

724
00:37:14,280 --> 00:37:16,759
Speaker 5: the economy to cool a little bit because they don't

725
00:37:16,800 --> 00:37:20,200
Speaker 5: want inflation to become entrenched in the economy because then

726
00:37:20,239 --> 00:37:23,480
Speaker 5: it's a situation where like in the seventies and Mally,

727
00:37:23,520 --> 00:37:27,360
Speaker 5: you and I you don't really remember you the idea

728
00:37:27,480 --> 00:37:30,680
Speaker 5: of stagflation, right, where you have a low growth environment,

729
00:37:30,960 --> 00:37:35,080
Speaker 5: but you have high prices and therefore it just that

730
00:37:35,080 --> 00:37:38,080
Speaker 5: that's the sort of thing that would weigh on risk assets.

731
00:37:38,080 --> 00:37:40,439
Speaker 5: So the FED is not ready to drop the mic

732
00:37:40,560 --> 00:37:44,080
Speaker 5: and take a victory lap and say mission accomplished just yet.

733
00:37:44,120 --> 00:37:46,680
Speaker 5: And that's the one thing, going back to your original question,

734
00:37:46,880 --> 00:37:50,280
Speaker 5: that cause volatility in the equity market, because on the

735
00:37:50,320 --> 00:37:53,839
Speaker 5: CPI report, you saw interest rates move higher and you

736
00:37:53,880 --> 00:37:57,319
Speaker 5: saw stock market prices go lower, and that's the sort

737
00:37:57,360 --> 00:37:59,880
Speaker 5: of thing that if that were just kind of you know,

738
00:38:00,200 --> 00:38:02,560
Speaker 5: if investors were starting to think that, oh man, we

739
00:38:02,640 --> 00:38:04,680
Speaker 5: are not going to get to that two percent in

740
00:38:04,760 --> 00:38:07,480
Speaker 5: a target, and the Fed's going to keep interest rates higher,

741
00:38:07,520 --> 00:38:10,759
Speaker 5: meaning more restrictive on the economy, then the longer that

742
00:38:10,840 --> 00:38:13,120
Speaker 5: goes on, is that the greater the likelihood that we

743
00:38:13,200 --> 00:38:15,239
Speaker 5: have to go into recession. And just so you know,

744
00:38:15,320 --> 00:38:17,759
Speaker 5: as we're recording this today, two of the headlines that

745
00:38:17,800 --> 00:38:22,040
Speaker 5: I saw is that the UK pushed into a recession

746
00:38:22,200 --> 00:38:24,560
Speaker 5: over the last quarter, and so did Japan. So we're

747
00:38:24,560 --> 00:38:27,800
Speaker 5: starting to see this in some very large economies around

748
00:38:27,800 --> 00:38:28,200
Speaker 5: the world.

749
00:38:28,719 --> 00:38:35,440
Speaker 1: Right, UK and Japan both countries that said no to immigration,

750
00:38:36,200 --> 00:38:41,200
Speaker 1: thus having a tighter labor market, thus having more inflation,

751
00:38:42,040 --> 00:38:46,480
Speaker 1: US tipping into recession, not necessarily why they tipped into recession,

752
00:38:46,520 --> 00:38:49,200
Speaker 1: but certainly Brexit is not helping.

753
00:38:49,560 --> 00:38:52,080
Speaker 5: Yeah, I mean this situation. I mean, we know that

754
00:38:52,160 --> 00:38:55,000
Speaker 5: Japan has this massive demographic issue and it's been going

755
00:38:55,040 --> 00:38:57,359
Speaker 5: on for a very long time. Their economy has been

756
00:38:57,480 --> 00:38:59,960
Speaker 5: really stuck in the mud for a long time also,

757
00:39:00,080 --> 00:39:02,239
Speaker 5: But when you think about the UK and obviously the

758
00:39:02,280 --> 00:39:05,360
Speaker 5: break from the EU, you know, the EU is probably

759
00:39:05,400 --> 00:39:07,799
Speaker 5: the next shoe to drop, as you know, as it

760
00:39:07,840 --> 00:39:10,720
Speaker 5: relates to a recession. You know, the war in Ukraine

761
00:39:10,800 --> 00:39:13,719
Speaker 5: has obviously been a bit of a headwind for the

762
00:39:13,880 --> 00:39:16,640
Speaker 5: European economy and so you know, it brings us back

763
00:39:16,640 --> 00:39:18,880
Speaker 5: to the US a little bit, and all the kind

764
00:39:18,920 --> 00:39:22,440
Speaker 5: of fiscal wrangling that we have about aid towards Ukraine.

765
00:39:22,480 --> 00:39:25,080
Speaker 5: I mean, the situation in Ukraine was one of when

766
00:39:25,160 --> 00:39:28,680
Speaker 5: Russia invaded, was one of the major issues that caused

767
00:39:28,719 --> 00:39:31,040
Speaker 5: that inflationary spike. In twenty twenty two. We were just

768
00:39:31,080 --> 00:39:33,120
Speaker 5: coming out of COVID, We're dealing with a lot of

769
00:39:33,120 --> 00:39:36,319
Speaker 5: the supply chain disruptions. A lot of that came from

770
00:39:36,400 --> 00:39:38,080
Speaker 5: you know, China and the like. But then all of

771
00:39:38,120 --> 00:39:40,000
Speaker 5: a sudden, we saw it with energy. We saw it

772
00:39:40,000 --> 00:39:42,000
Speaker 5: with grain, and so this is one of the reasons

773
00:39:42,040 --> 00:39:45,319
Speaker 5: why I just don't get the Republican stance towards aid

774
00:39:45,360 --> 00:39:48,719
Speaker 5: to Ukraine if you think about just the potential bottlenecks

775
00:39:48,760 --> 00:39:51,200
Speaker 5: that it has with the global economy. The other aspect

776
00:39:51,239 --> 00:39:54,200
Speaker 5: that I just mentioned is obviously an expanded war in the

777
00:39:54,239 --> 00:39:57,080
Speaker 5: Middle East, and we already know what's happened to shipping

778
00:39:57,120 --> 00:39:59,239
Speaker 5: routes in the Red Sea right causing the US and

779
00:39:59,280 --> 00:40:02,279
Speaker 5: the UK the bomb you know, the Hooti rebels who

780
00:40:02,320 --> 00:40:04,520
Speaker 5: are causing a lot of disruptions there. You know, that

781
00:40:04,680 --> 00:40:07,319
Speaker 5: is inflationary. And then throw into the fact that on

782
00:40:07,360 --> 00:40:10,120
Speaker 5: the flip side of this, we have further you know,

783
00:40:10,160 --> 00:40:13,640
Speaker 5: wrangling about you know, trade situations with China which are

784
00:40:13,680 --> 00:40:16,880
Speaker 5: obviously inflationary at a time where the Chinese economy is

785
00:40:16,880 --> 00:40:20,239
Speaker 5: actually in the opposite situation, it is deflationary. And you

786
00:40:20,239 --> 00:40:22,880
Speaker 5: could make the argument, while we have inflation in the

787
00:40:22,920 --> 00:40:27,400
Speaker 5: developed world, you know, a deflationary economy in China because

788
00:40:27,800 --> 00:40:31,000
Speaker 5: so much of the world relies on China rights as

789
00:40:31,000 --> 00:40:33,200
Speaker 5: a as a place to you know, kind of do

790
00:40:33,239 --> 00:40:36,480
Speaker 5: business with them. That's a really, really bad situation in

791
00:40:36,520 --> 00:40:39,280
Speaker 5: my opinion, so not being priced into the stock market

792
00:40:39,280 --> 00:40:41,400
Speaker 5: here in the US at all time highs in my opinion.

793
00:40:41,239 --> 00:40:44,960
Speaker 1: Yeah, those hooty rebels, God forbid you disrupt shipping lines.

794
00:40:45,920 --> 00:40:48,760
Speaker 1: America is not going to tolerate that. I'm not taking

795
00:40:48,760 --> 00:40:51,279
Speaker 1: the side of the hoosy rebels. I mean, whatever is

796
00:40:51,320 --> 00:40:52,120
Speaker 1: going on there is.

797
00:40:52,360 --> 00:40:53,920
Speaker 5: Not a good stance. But you know, one of the

798
00:40:53,920 --> 00:40:56,399
Speaker 5: things that I am routinely, you know, as I sit

799
00:40:56,440 --> 00:40:58,799
Speaker 5: on the desk at Best Money on CNBC and the

800
00:40:58,800 --> 00:41:00,759
Speaker 5: podcast that we do in the life, there's a little

801
00:41:00,760 --> 00:41:02,880
Speaker 5: bit of a conundrum playing out here right now because

802
00:41:02,880 --> 00:41:05,520
Speaker 5: when I think about the stock market at all time highs,

803
00:41:05,520 --> 00:41:08,160
Speaker 5: I think about consumer confidence at pretty decent levels. I

804
00:41:08,160 --> 00:41:11,800
Speaker 5: think home prices where they are, right, I see, you know, households.

805
00:41:11,880 --> 00:41:14,040
Speaker 5: You know, we're starting to see the savings rate tick

806
00:41:14,120 --> 00:41:17,440
Speaker 5: down a little bit, consumer credit tick up considerably, but

807
00:41:17,800 --> 00:41:21,200
Speaker 5: consumer confidence is pretty high. We have, again, we have

808
00:41:21,320 --> 00:41:23,960
Speaker 5: decent waves growth above four percent year every year. We

809
00:41:24,000 --> 00:41:27,200
Speaker 5: have unemployment below four percent at all time highs. We

810
00:41:27,280 --> 00:41:29,799
Speaker 5: see you know, inflation, while this is a measure of

811
00:41:29,920 --> 00:41:31,920
Speaker 5: year over year, so at three point one percent, it's

812
00:41:31,960 --> 00:41:35,280
Speaker 5: still high, right, that's a cumulative sort of level here

813
00:41:35,520 --> 00:41:38,680
Speaker 5: things seem okay for the economy. We avoided a recession

814
00:41:38,719 --> 00:41:41,280
Speaker 5: that the stock market in twenty twenty two was pricing

815
00:41:41,320 --> 00:41:43,840
Speaker 5: in in twenty twenty three. The thing that I can't

816
00:41:43,880 --> 00:41:48,360
Speaker 5: figure out is that why registered voters, right and even

817
00:41:48,520 --> 00:41:53,000
Speaker 5: Democrats feel so pessimistic about the economy in this election year.

818
00:41:53,040 --> 00:41:54,920
Speaker 5: And it's one of the things that I'm going to

819
00:41:54,960 --> 00:41:58,080
Speaker 5: be you know, I'm going to be really trying to

820
00:41:58,080 --> 00:42:00,680
Speaker 5: figure out for most of this year because we see

821
00:42:00,680 --> 00:42:03,920
Speaker 5: how the Biden administration, how poorly they rank when it

822
00:42:03,960 --> 00:42:06,239
Speaker 5: comes to the economy. And given everything that we know

823
00:42:06,600 --> 00:42:09,560
Speaker 5: about Donald Trump and the chaos that he causes with

824
00:42:09,880 --> 00:42:11,640
Speaker 5: just the kind of world order, the comments that he

825
00:42:11,680 --> 00:42:15,240
Speaker 5: made about NATO, that should be one of the scariest things.

826
00:42:15,239 --> 00:42:17,719
Speaker 5: If you are a US multinational company and you do

827
00:42:17,800 --> 00:42:19,719
Speaker 5: a lot of business in Europe, you do a lot

828
00:42:19,719 --> 00:42:21,480
Speaker 5: of business in Asia, you do a lot of business

829
00:42:21,480 --> 00:42:24,000
Speaker 5: in the Middle East. What he has to say about

830
00:42:24,080 --> 00:42:27,400
Speaker 5: NATO is massively disruptive, in my opinion, and you should

831
00:42:27,400 --> 00:42:30,319
Speaker 5: be scared shitless about that, right, And so nothing is

832
00:42:30,360 --> 00:42:32,440
Speaker 5: being priced into that now. I don't want to talk

833
00:42:32,480 --> 00:42:34,920
Speaker 5: about Donald Trump every day like we had to in

834
00:42:34,920 --> 00:42:37,680
Speaker 5: twenty sixteen or like we had to in twenty twenty,

835
00:42:37,760 --> 00:42:40,799
Speaker 5: at least from my standpoint as a market show. But

836
00:42:40,880 --> 00:42:44,319
Speaker 5: I feel like the markets are really underestimating this sort

837
00:42:44,320 --> 00:42:47,480
Speaker 5: of thing. And at some point the Biden administration has

838
00:42:47,520 --> 00:42:50,239
Speaker 5: to start leading with their successes that they've had on

839
00:42:50,280 --> 00:42:53,040
Speaker 5: the economic front. Right, at some point it has to

840
00:42:53,120 --> 00:42:54,239
Speaker 5: kind of plow through to the voter.

841
00:42:54,440 --> 00:42:57,799
Speaker 1: I'm going to blow your mind here when I tell

842
00:42:57,840 --> 00:43:02,600
Speaker 1: you that. In fact, Joe Biden and even in Axios yesterday,

843
00:43:02,760 --> 00:43:06,719
Speaker 1: Axios in a piece about how the Inflation Reduction Act is

844
00:43:06,840 --> 00:43:11,520
Speaker 1: actually creating these mini booms in states that have not

845
00:43:11,800 --> 00:43:15,080
Speaker 1: had any investment. I mean, I agree, and I think

846
00:43:15,160 --> 00:43:17,440
Speaker 1: they have to take it to the road. But I

847
00:43:17,600 --> 00:43:21,520
Speaker 1: just want to point out that the road. For example,

848
00:43:21,600 --> 00:43:23,040
Speaker 1: I was with a bunch of smart people and they

849
00:43:23,040 --> 00:43:25,439
Speaker 1: were like, why doesn't Biden go out there. He's out

850
00:43:25,440 --> 00:43:28,680
Speaker 1: there literally every day giving speeches. They are not being

851
00:43:28,760 --> 00:43:34,000
Speaker 1: covered because people find it boring unless he gaffs. So

852
00:43:34,120 --> 00:43:35,920
Speaker 1: you do see, I mean, I have seen and the

853
00:43:36,239 --> 00:43:38,879
Speaker 1: I mean these guys you kind of get them too.

854
00:43:38,960 --> 00:43:41,840
Speaker 1: I mean, you cannot get them to shut up about chips.

855
00:43:42,000 --> 00:43:45,320
Speaker 5: Well, they need better surrogates. I mean, like it's really simple.

856
00:43:45,719 --> 00:43:47,400
Speaker 5: I mean, I don't know if you watched John Stewart's

857
00:43:47,440 --> 00:43:49,560
Speaker 5: return to the Daily Show the other night, it was

858
00:43:49,600 --> 00:43:51,880
Speaker 5: a pretty brilliant piece where he came out on that

859
00:43:51,920 --> 00:43:54,359
Speaker 5: Thursday night press or he was unhappy with you know,

860
00:43:54,480 --> 00:43:57,359
Speaker 5: like the you know, the categorization of him as a

861
00:43:57,400 --> 00:44:00,959
Speaker 5: well meeting elderly man with a bad memory and John

862
00:44:01,000 --> 00:44:03,399
Speaker 5: Stewart's bit. And I'm so glad he's back. I really

863
00:44:03,440 --> 00:44:06,160
Speaker 5: missed him. I actually honestly think that if he and

864
00:44:06,640 --> 00:44:09,840
Speaker 5: Colbert had not gone off Comedy Central in twenty sixteen

865
00:44:09,880 --> 00:44:12,120
Speaker 5: before the election, I think that Hillary would have won.

866
00:44:12,520 --> 00:44:15,280
Speaker 5: I'm not blaming them. I go, like, kudos to those guys,

867
00:44:15,360 --> 00:44:18,799
Speaker 5: but I'm glad he's back. But the point there is that,

868
00:44:18,920 --> 00:44:21,960
Speaker 5: like he had the opportunity to come out, be force full,

869
00:44:22,040 --> 00:44:24,759
Speaker 5: stick to the message, be combative with some of these

870
00:44:24,800 --> 00:44:27,640
Speaker 5: fox a holes, and then he just couldn't let it

871
00:44:27,680 --> 00:44:30,160
Speaker 5: be and he had to come back and remind everybody

872
00:44:30,440 --> 00:44:34,520
Speaker 5: that he literally in twenty twenty campaigned from his basement

873
00:44:34,800 --> 00:44:37,840
Speaker 5: in Delaware. He will not be able to kind of

874
00:44:37,880 --> 00:44:40,560
Speaker 5: deliver the message on his own. Kamala Harris will not

875
00:44:40,600 --> 00:44:43,040
Speaker 5: be able to deliver the message on the areas that

876
00:44:43,080 --> 00:44:45,400
Speaker 5: they need to be strong on, whether it be the economy,

877
00:44:45,440 --> 00:44:48,279
Speaker 5: whether it be you know, his legislative agenda that was

878
00:44:48,400 --> 00:44:51,399
Speaker 5: very successful in the first term. So I don't know, man,

879
00:44:51,480 --> 00:44:53,959
Speaker 5: I think we're kind of like whatever the bad def

880
00:44:54,000 --> 00:44:55,719
Speaker 5: con is, you know what I mean, I don't know

881
00:44:56,040 --> 00:44:58,640
Speaker 5: one or five, but we're getting close to that one.

882
00:44:58,840 --> 00:45:02,000
Speaker 5: And when folks, you know, John Stewart and his return

883
00:45:02,040 --> 00:45:04,640
Speaker 5: to the Daily Show, you know, put a very fine

884
00:45:04,719 --> 00:45:06,839
Speaker 5: point on it. We know who that audience is, and

885
00:45:06,880 --> 00:45:09,680
Speaker 5: we know the sort of messaging they have. They need

886
00:45:09,719 --> 00:45:11,960
Speaker 5: better sarrogates, that's how they get covered.

887
00:45:12,200 --> 00:45:14,560
Speaker 1: Yeah, if we're going to open the door. And does

888
00:45:14,680 --> 00:45:17,400
Speaker 1: John Stuart make a great point by making fun of

889
00:45:17,400 --> 00:45:20,600
Speaker 1: Biden for his age? I mean, okay, I mean I

890
00:45:20,600 --> 00:45:23,000
Speaker 1: don't know. I've watched a lot of Biden's speech shoes

891
00:45:23,719 --> 00:45:26,840
Speaker 1: And is the man a gifted orator he gifts a

892
00:45:26,880 --> 00:45:29,040
Speaker 1: good speech? No, he never was.

893
00:45:29,400 --> 00:45:30,920
Speaker 5: You know, let me tell you something. I'm going to

894
00:45:30,960 --> 00:45:33,320
Speaker 5: point you to a podcast that my friend Wilfred Frost

895
00:45:33,360 --> 00:45:36,480
Speaker 5: did that his father did with Joe Biden in nineteen

896
00:45:36,560 --> 00:45:38,839
Speaker 5: eighty eight, and it's in the podcast stores. It's called

897
00:45:38,840 --> 00:45:41,279
Speaker 5: the I Think it's called the Frost Files. And this

898
00:45:41,400 --> 00:45:44,799
Speaker 5: was a never before released interview of Joe Biden when

899
00:45:44,840 --> 00:45:47,600
Speaker 5: he was running for president the first time in nineteen

900
00:45:47,719 --> 00:45:50,239
Speaker 5: eighty eight. And go listen to this. He sounded like

901
00:45:50,280 --> 00:45:52,759
Speaker 5: an absolute fighter and a rock star. And I get

902
00:45:52,800 --> 00:45:55,120
Speaker 5: it, it was a long time ago, but you know what's crazy.

903
00:45:55,120 --> 00:45:57,640
Speaker 5: As I was listening to this interview, Okay, this was

904
00:45:57,719 --> 00:46:00,880
Speaker 5: David Frost and Joe Biden, it sounded like Gavin Newsom

905
00:46:01,080 --> 00:46:03,800
Speaker 5: in twenty twenty four. And that's the sort of fighters

906
00:46:03,960 --> 00:46:05,799
Speaker 5: that we need out there, you know what I mean,

907
00:46:05,920 --> 00:46:09,520
Speaker 5: like kind of like making the case against Trump right now,

908
00:46:09,560 --> 00:46:13,600
Speaker 5: against against Maga politics, against you know, like isolation is

909
00:46:13,640 --> 00:46:16,480
Speaker 5: sort of stuff that that couldn't be worse for our

910
00:46:16,520 --> 00:46:18,720
Speaker 5: country's future as we think about this kind of rhetoric,

911
00:46:18,719 --> 00:46:21,880
Speaker 5: as they know, and the economy, if the economy is

912
00:46:21,920 --> 00:46:23,960
Speaker 5: doing well, then they need to make a better case

913
00:46:24,000 --> 00:46:25,799
Speaker 5: for it. If Joe Biden and Kamala Harris are not

914
00:46:25,800 --> 00:46:28,080
Speaker 5: the people to do it, certainly Janet Yellen's not the

915
00:46:28,120 --> 00:46:30,400
Speaker 5: person to do it, then they need to find those people,

916
00:46:30,440 --> 00:46:32,200
Speaker 5: and they need to find them fast. Because I'll tell

917
00:46:32,200 --> 00:46:33,960
Speaker 5: you this, Molly right now, and you get me a

918
00:46:34,000 --> 00:46:37,160
Speaker 5: little fired up here, okay. Is that the economy's okay

919
00:46:37,239 --> 00:46:40,800
Speaker 5: right now? Okay, So if we think to November fifth, Okay,

920
00:46:40,840 --> 00:46:43,200
Speaker 5: if we think about that date, they'll likely and if

921
00:46:43,239 --> 00:46:45,680
Speaker 5: we want to look at the probabilities, okay, whether the

922
00:46:45,719 --> 00:46:48,799
Speaker 5: economy is much better than it is right now or

923
00:46:48,920 --> 00:46:53,440
Speaker 5: much worse, Okay, I'm kind of leaning towards much worse

924
00:46:53,719 --> 00:46:56,560
Speaker 5: as we get longer into this year, okay, And that

925
00:46:56,640 --> 00:46:59,400
Speaker 5: will be an absolute disaster. And it also brings me

926
00:46:59,440 --> 00:47:02,080
Speaker 5: back to twoth Zoan and eight and that election year

927
00:47:02,400 --> 00:47:07,240
Speaker 5: where the McCain thing was sunk because the economy fell apart, right,

928
00:47:07,320 --> 00:47:10,120
Speaker 5: and obviously he was not doing a great job on

929
00:47:10,120 --> 00:47:12,080
Speaker 5: the campaign front and everything like that. But I get

930
00:47:12,120 --> 00:47:15,120
Speaker 5: really nervous about that. And so as bad as Biden

931
00:47:15,200 --> 00:47:17,479
Speaker 5: is polling right now in the economy, and the fact

932
00:47:17,560 --> 00:47:20,480
Speaker 5: that all this stuff as it relates to Trump, all

933
00:47:20,520 --> 00:47:22,360
Speaker 5: the stuff that's in the news, and all the gas

934
00:47:22,400 --> 00:47:24,279
Speaker 5: and all the nastiness and all the cruelty and all

935
00:47:24,280 --> 00:47:26,520
Speaker 5: the demronic sort of things that he says, that Joe

936
00:47:26,600 --> 00:47:29,200
Speaker 5: Biden is still pulling the way he is on the

937
00:47:29,239 --> 00:47:31,719
Speaker 5: economy in this environment. It's just crazy to me, and

938
00:47:31,719 --> 00:47:33,120
Speaker 5: I don't think it gets better from here.

939
00:47:33,200 --> 00:47:36,200
Speaker 1: So let's talk about the tight labor market for a minute.

940
00:47:36,360 --> 00:47:42,080
Speaker 1: Labor markets still tight. No immigration passed yet again, because

941
00:47:42,160 --> 00:47:45,480
Speaker 1: why legislate, I mean, what is the solve for that?

942
00:47:46,040 --> 00:47:49,920
Speaker 5: Well, the hard part here is that until they actually

943
00:47:50,200 --> 00:47:52,960
Speaker 5: get any credit for putting some policy in place, and

944
00:47:53,000 --> 00:47:55,719
Speaker 5: I know that they wanted to do this bipartisan deal

945
00:47:55,800 --> 00:47:58,480
Speaker 5: on the border, the border is the thing that's going

946
00:47:58,560 --> 00:48:00,480
Speaker 5: to actually get all that headline.

947
00:48:00,560 --> 00:48:04,440
Speaker 1: I mean, it'll get all the right wing headlines.

948
00:48:04,120 --> 00:48:06,600
Speaker 5: But it's crowding everything else out. And so when you

949
00:48:06,640 --> 00:48:09,040
Speaker 5: think about immigration, and you started talking about this as

950
00:48:09,040 --> 00:48:11,480
Speaker 5: it relates to unemployment, we're talking about that data, you

951
00:48:11,520 --> 00:48:13,960
Speaker 5: know what I mean, Like, look at the demographic problems

952
00:48:13,960 --> 00:48:16,640
Speaker 5: that a country like China has. They have over you know,

953
00:48:16,680 --> 00:48:19,760
Speaker 5: one point two billion people some estimates, by twenty fifty,

954
00:48:19,800 --> 00:48:22,560
Speaker 5: they're going to have eight hundred billion people. They have

955
00:48:22,640 --> 00:48:25,520
Speaker 5: a huge problem. So, like the whole idea that China

956
00:48:25,640 --> 00:48:28,320
Speaker 5: is our big advisary right now over the next few decades,

957
00:48:28,560 --> 00:48:31,040
Speaker 5: that just might not be the case. But fixing our

958
00:48:31,080 --> 00:48:34,239
Speaker 5: border in a bipartisan way, in a humanitarian way, you

959
00:48:34,280 --> 00:48:35,840
Speaker 5: know what I mean, And then doing the sorts of

960
00:48:35,880 --> 00:48:39,239
Speaker 5: things that I think Democrats want to do the way

961
00:48:39,280 --> 00:48:42,319
Speaker 5: that they view immigration, and you know, for you know,

962
00:48:42,400 --> 00:48:46,040
Speaker 5: our economic well being, we can't do that until we

963
00:48:46,120 --> 00:48:49,040
Speaker 5: fix the border. And that's obviously another place right or

964
00:48:49,040 --> 00:48:52,760
Speaker 5: wrong that this administration and the party in general, they

965
00:48:52,880 --> 00:48:53,840
Speaker 5: rank very poorly on.

966
00:48:54,000 --> 00:48:56,680
Speaker 1: I'm going to blow your mind here, which is you

967
00:48:56,800 --> 00:48:59,480
Speaker 1: know that the Republicans blow up the border?

968
00:48:59,480 --> 00:49:01,920
Speaker 5: Do you know that? But like when you think about

969
00:49:02,239 --> 00:49:04,600
Speaker 5: who are the people that are going to dictate who

970
00:49:04,680 --> 00:49:08,360
Speaker 5: wins this election in November, it's from four or five states.

971
00:49:08,440 --> 00:49:11,080
Speaker 5: We know the states very well, okay, we know the

972
00:49:11,120 --> 00:49:14,920
Speaker 5: economic sensibilities of those states. Again, you and I on

973
00:49:15,120 --> 00:49:18,520
Speaker 5: Fast Politics or whatever, we have these sorts of conversations

974
00:49:18,520 --> 00:49:20,960
Speaker 5: among the people that we generally agree with. We can

975
00:49:21,040 --> 00:49:22,640
Speaker 5: talk about it until we're blue in the face. But

976
00:49:22,680 --> 00:49:24,560
Speaker 5: I'll tell you this, I'm gonna blow your mind. A

977
00:49:24,560 --> 00:49:27,319
Speaker 5: lot of very left leaning people that I speak to

978
00:49:27,640 --> 00:49:30,040
Speaker 5: who are in business or in Wall Street or or

979
00:49:30,080 --> 00:49:34,480
Speaker 5: related industries who actually vote against their economic best interests

980
00:49:34,480 --> 00:49:37,799
Speaker 5: for social reasons as it comes to democratic politics, are

981
00:49:37,920 --> 00:49:40,520
Speaker 5: really freaking worried right now. Okay, And I don't think

982
00:49:40,560 --> 00:49:43,600
Speaker 5: there's enough of that you know, trepidation in the public

983
00:49:43,800 --> 00:49:46,800
Speaker 5: scene right now among Democrats. I think it's a huge problem.

984
00:49:46,880 --> 00:49:48,960
Speaker 5: So we're all gonna sit here and make ourselves feel

985
00:49:49,000 --> 00:49:52,520
Speaker 5: better about like how we align on certain social issues,

986
00:49:52,520 --> 00:49:55,200
Speaker 5: how we align on geopolitical issues. But we're going to

987
00:49:55,280 --> 00:49:57,760
Speaker 5: lose this election. Okay, we're going to lose this election

988
00:49:58,160 --> 00:50:00,319
Speaker 5: if we really don't get our act together, become a

989
00:50:00,320 --> 00:50:02,800
Speaker 5: bit more vocal about some of these really important points

990
00:50:02,800 --> 00:50:05,880
Speaker 5: that I don't think between now and November they're going

991
00:50:05,960 --> 00:50:08,479
Speaker 5: to rank better on the economy. I don't think they're

992
00:50:08,480 --> 00:50:11,240
Speaker 5: going to rank better on the war in gozep between

993
00:50:11,239 --> 00:50:14,040
Speaker 5: now in November. And you can talk to about to

994
00:50:14,080 --> 00:50:16,120
Speaker 5: me about gun control, you can talk to me about

995
00:50:16,120 --> 00:50:18,400
Speaker 5: abortion and all those sorts of things that they have

996
00:50:18,440 --> 00:50:21,680
Speaker 5: won elections on over the last few cycles, and they're

997
00:50:21,680 --> 00:50:24,000
Speaker 5: not going to matter this time because these other ones

998
00:50:24,040 --> 00:50:25,800
Speaker 5: are going to be more important, and it's going to

999
00:50:25,840 --> 00:50:28,680
Speaker 5: be in my opinion, it's about messaging and it's about

1000
00:50:28,719 --> 00:50:29,720
Speaker 5: choosing the right fighters.

1001
00:50:29,880 --> 00:50:32,520
Speaker 1: So you're getting this off polls, well, you tell me.

1002
00:50:32,760 --> 00:50:35,439
Speaker 1: I mean, I just saw New York's third district where

1003
00:50:35,480 --> 00:50:38,479
Speaker 1: Democrats won by eight points. It was this sixteen points

1004
00:50:39,120 --> 00:50:41,640
Speaker 1: in Nassau County. It was a Republican seat.

1005
00:50:41,760 --> 00:50:43,360
Speaker 5: They never should have lost that seat.

1006
00:50:44,520 --> 00:50:47,359
Speaker 1: You can Monday Morning Gorter Rag And in fact, when

1007
00:50:47,400 --> 00:50:50,960
Speaker 1: you listen to the voter interviews, the voters were One

1008
00:50:51,000 --> 00:50:52,959
Speaker 1: of the things Swazi did, which I think is quite

1009
00:50:52,960 --> 00:50:56,080
Speaker 1: smart and Democrats need to do, is he said there

1010
00:50:56,160 --> 00:51:00,319
Speaker 1: was a border deal. The reason why you believe and

1011
00:51:00,600 --> 00:51:03,480
Speaker 1: a lot of New York people believe that migration even

1012
00:51:03,480 --> 00:51:05,760
Speaker 1: though it's down for the last two months, but okay,

1013
00:51:06,200 --> 00:51:10,239
Speaker 1: is because the Republican governor from Texas is busing migrants

1014
00:51:10,280 --> 00:51:14,000
Speaker 1: into New York City, and the New York Post, which

1015
00:51:14,040 --> 00:51:17,440
Speaker 1: is owned by Rupert Murdoch, who is a reactionary fascist

1016
00:51:17,440 --> 00:51:21,760
Speaker 1: and who would die for another Trump presidency, is running

1017
00:51:21,840 --> 00:51:24,400
Speaker 1: pictures of migrant crime all the time. So I go

1018
00:51:24,440 --> 00:51:26,560
Speaker 1: to my dermatologist and she says, what are they going

1019
00:51:26,640 --> 00:51:29,959
Speaker 1: to do about the migrants because we have a manufactured

1020
00:51:30,000 --> 00:51:34,200
Speaker 1: bomb here. Fine, okay, tight labor market. So I have

1021
00:51:34,400 --> 00:51:38,400
Speaker 1: complicated feelings about demonizing a group of people desperate for

1022
00:51:38,560 --> 00:51:41,800
Speaker 1: a better life, like our grandparents and great grandmars. But okay,

1023
00:51:41,800 --> 00:51:45,600
Speaker 1: but I'm just saying, if you look at what Swazi did,

1024
00:51:45,640 --> 00:51:49,000
Speaker 1: which was smart and is A really good template was

1025
00:51:49,080 --> 00:51:52,160
Speaker 1: he went to voters and he said, look, Democrats made

1026
00:51:52,200 --> 00:51:55,600
Speaker 1: all these compromises to get a border deal. Donald Trump

1027
00:51:56,080 --> 00:51:59,239
Speaker 1: told Speaker Mike Johnson not to take the deal. And

1028
00:51:59,440 --> 00:52:02,120
Speaker 1: there is no orderdale and so these people have no

1029
00:52:02,280 --> 00:52:04,839
Speaker 1: path to make money. There is no legal way for

1030
00:52:04,920 --> 00:52:08,760
Speaker 1: them to earn money. They cannot pay Social Security taxes,

1031
00:52:09,120 --> 00:52:11,600
Speaker 1: they cannot work, and so they live on the doll.

1032
00:52:11,719 --> 00:52:15,080
Speaker 5: Yeah, listen, iimus is sympathetic to all of that. Okay,

1033
00:52:15,160 --> 00:52:16,919
Speaker 5: Like I live in New York City, I see what's

1034
00:52:16,960 --> 00:52:19,120
Speaker 5: going on. I give to a whole host of things,

1035
00:52:19,160 --> 00:52:20,680
Speaker 5: you know what I mean, And I try to be

1036
00:52:21,280 --> 00:52:22,719
Speaker 5: extremely empathetic to all that.

1037
00:52:22,840 --> 00:52:25,239
Speaker 1: So you don't even need to be sympathetic. This is

1038
00:52:25,320 --> 00:52:28,480
Speaker 1: economic sense to have people work in the labor market.

1039
00:52:28,680 --> 00:52:30,200
Speaker 5: You and I are on the same page. But what

1040
00:52:30,239 --> 00:52:32,480
Speaker 5: I'm saying is is, like we have the potential to

1041
00:52:32,520 --> 00:52:35,040
Speaker 5: maybe win back the House, the potential to hold the Senate,

1042
00:52:35,160 --> 00:52:37,960
Speaker 5: right but like the strong potential or the probability right

1043
00:52:38,000 --> 00:52:40,480
Speaker 5: now is that we lose the White House, and we

1044
00:52:40,640 --> 00:52:42,839
Speaker 5: know what's going to happen. He didn't give a crap

1045
00:52:42,880 --> 00:52:45,640
Speaker 5: who owns what House or the Senate. Like things are

1046
00:52:45,640 --> 00:52:47,720
Speaker 5: going to get really nasty here. And so my point

1047
00:52:47,800 --> 00:52:51,040
Speaker 5: is really happy about this, you know, special election. He's

1048
00:52:51,040 --> 00:52:53,799
Speaker 5: going to have to run again in November, right like

1049
00:52:54,080 --> 00:52:57,800
Speaker 5: then we need more people voicing those sorts of messages

1050
00:52:58,000 --> 00:53:00,000
Speaker 5: in a way that that's kind of relating to the people. Listen.

1051
00:53:00,040 --> 00:53:01,920
Speaker 5: I live in New York City. I canceled the New

1052
00:53:01,960 --> 00:53:04,440
Speaker 5: York Post in twenty sixteen. You know, I read the

1053
00:53:04,480 --> 00:53:06,400
Speaker 5: Wall Street Journal. I don't read the page, but I

1054
00:53:06,440 --> 00:53:08,399
Speaker 5: read the New York Times. Read the same things that

1055
00:53:08,480 --> 00:53:11,239
Speaker 5: you do, right like every morning, and I don't read

1056
00:53:11,400 --> 00:53:14,200
Speaker 5: the ruper burdock crap. It is busting through you know

1057
00:53:14,239 --> 00:53:17,120
Speaker 5: what I mean? Oh yeah, Bubble, I agree with No.

1058
00:53:17,120 --> 00:53:19,680
Speaker 1: No, it's a good point. Thank you so much. I

1059
00:53:19,680 --> 00:53:21,759
Speaker 1: didn't mean to be combative.

1060
00:53:22,000 --> 00:53:23,640
Speaker 5: No, I love it. Let me tell you something. I'll

1061
00:53:23,719 --> 00:53:26,680
Speaker 5: leave you with this. Okay, if we on this side

1062
00:53:26,960 --> 00:53:29,400
Speaker 5: don't have these sorts of battles right now, we are

1063
00:53:29,520 --> 00:53:31,319
Speaker 5: literally going to be in for it, man. Because if

1064
00:53:31,320 --> 00:53:35,120
Speaker 5: you thought twenty seventeen, eighteen, nineteen twenty and into early

1065
00:53:35,200 --> 00:53:36,719
Speaker 5: twenty one were bad, just wait.

1066
00:53:36,960 --> 00:53:39,120
Speaker 1: No, and I agree. And the truth is like the

1067
00:53:39,239 --> 00:53:42,040
Speaker 1: road to Hillary Clinton losing was filled with a lot

1068
00:53:42,080 --> 00:53:43,040
Speaker 1: of smugness.

1069
00:53:43,239 --> 00:53:45,319
Speaker 5: Yeah. I talked to a lot of people like you, Molly,

1070
00:53:45,360 --> 00:53:47,920
Speaker 5: who have big voices in bullhorns and the like, and

1071
00:53:48,000 --> 00:53:51,400
Speaker 5: everybody has just coalesced around the fact that this is

1072
00:53:51,440 --> 00:53:53,759
Speaker 5: the team. It's Biden Harris and I get it. There's

1073
00:53:53,800 --> 00:53:56,000
Speaker 5: not this you know, you can't challenge them. You're never

1074
00:53:56,040 --> 00:53:58,200
Speaker 5: going to have a future in the Democratic Party. The

1075
00:53:58,280 --> 00:54:01,600
Speaker 5: DNC's rigged it. There's not you know, primary apparatus in place.

1076
00:54:01,880 --> 00:54:03,840
Speaker 5: But man, if this guy you know, trips over a

1077
00:54:03,880 --> 00:54:07,520
Speaker 5: podium like his, I guess Defense secretary and his immobilized,

1078
00:54:07,520 --> 00:54:10,279
Speaker 5: I mean, its lights out because Kamala Harris at the

1079
00:54:10,280 --> 00:54:12,479
Speaker 5: top of the ticket, that's not winning. And you tell

1080
00:54:12,520 --> 00:54:15,600
Speaker 5: me how you get a you know, Gavin Newsom Witner

1081
00:54:15,680 --> 00:54:17,879
Speaker 5: ticket that dog hunts. I'm just telling you that Doug

1082
00:54:18,000 --> 00:54:20,840
Speaker 5: hunts right now. But listen, I'm going off here. But

1083
00:54:20,920 --> 00:54:23,359
Speaker 5: I think more people need to start to speak up

1084
00:54:23,400 --> 00:54:25,520
Speaker 5: and figure out what a plan be is because we're

1085
00:54:25,719 --> 00:54:28,240
Speaker 5: right about ready to be in a very difficult situation

1086
00:54:28,320 --> 00:54:31,359
Speaker 5: and not so distant future. Thank you, Dan, all right,

1087
00:54:31,360 --> 00:54:32,400
Speaker 5: MOLLI seea thanks.

1088
00:54:34,120 --> 00:54:39,280
Speaker 1: No moment Jesse Cannon Hi jug fast.

1089
00:54:39,320 --> 00:54:41,359
Speaker 5: There is a lot of exciting clips coming out of

1090
00:54:41,400 --> 00:54:43,680
Speaker 5: the Fanny Willis trial today, what'd you see here?

1091
00:54:44,000 --> 00:54:47,520
Speaker 1: I'm enraged about this trial. First of all, it's not

1092
00:54:47,600 --> 00:54:50,480
Speaker 1: a trial, it's a hearing. The Republicans are trying to

1093
00:54:50,480 --> 00:54:55,120
Speaker 1: get Fanny Willis. The Fulton County DA kicked off of

1094
00:54:55,160 --> 00:55:00,560
Speaker 1: this case because she had before the indictment data. One

1095
00:55:00,640 --> 00:55:03,120
Speaker 1: of the lawyers on the case, by the way, she's

1096
00:55:03,200 --> 00:55:07,200
Speaker 1: no longer with him. And it was an entire four

1097
00:55:07,320 --> 00:55:11,000
Speaker 1: or five six hours, a bunch of hours of them

1098
00:55:11,040 --> 00:55:16,640
Speaker 1: trying to sully her and imply that she was somehow

1099
00:55:16,680 --> 00:55:20,399
Speaker 1: doing something improper. It was like yet another time when

1100
00:55:20,400 --> 00:55:24,719
Speaker 1: I've watched Maga World try to target a woman, in

1101
00:55:24,760 --> 00:55:28,240
Speaker 1: this case, a woman of color with like a low,

1102
00:55:28,800 --> 00:55:33,840
Speaker 1: sleeezy innuendo, and it's funny because it's like, it's not funny,

1103
00:55:33,840 --> 00:55:37,640
Speaker 1: it's infuriating. But if you think about it, the Republicans,

1104
00:55:38,040 --> 00:55:41,120
Speaker 1: this is all in service to one Donald J. Trump,

1105
00:55:41,280 --> 00:55:44,759
Speaker 1: who in fact did pay a porn star when his

1106
00:55:44,880 --> 00:55:48,200
Speaker 1: third wife was pregnant so that she would not rat

1107
00:55:48,320 --> 00:55:51,919
Speaker 1: him out during his run for president. I mean, all

1108
00:55:51,960 --> 00:55:56,680
Speaker 1: of the CD innuendo, all of the sleazy crap that

1109
00:55:56,840 --> 00:56:00,960
Speaker 1: these lawyers are trying to pin on this woman because

1110
00:56:01,000 --> 00:56:05,040
Speaker 1: she wants to hold Donald Trump accountable. Well, all that stuff,

1111
00:56:05,160 --> 00:56:08,279
Speaker 1: by the way, Donald Trump did it. So to sit

1112
00:56:08,320 --> 00:56:12,640
Speaker 1: there and watch really a professional, smart woman, who with

1113
00:56:12,719 --> 00:56:16,320
Speaker 1: a really accomplished career, who had had all of these

1114
00:56:16,680 --> 00:56:22,680
Speaker 1: very accomplished jobs be sullied by these disgusting lawyers in

1115
00:56:22,800 --> 00:56:26,239
Speaker 1: service to Donald Trump, it gave me real flashbacks to

1116
00:56:26,760 --> 00:56:29,560
Speaker 1: some of the many, many times we've seen Trump sick

1117
00:56:29,600 --> 00:56:33,120
Speaker 1: of fans do disgusting things to women in the name

1118
00:56:33,120 --> 00:56:36,719
Speaker 1: of Donald Trump, and those fuckers they're my moment of fuckery.

1119
00:56:37,800 --> 00:56:41,120
Speaker 1: That's it for this episode of Fast Politics. Tune in

1120
00:56:41,200 --> 00:56:44,400
Speaker 1: every Monday, Wednesday, and Friday to hear the best minds

1121
00:56:44,400 --> 00:56:47,640
Speaker 1: in politics makes sense of all this chaos. If you

1122
00:56:47,760 --> 00:56:50,440
Speaker 1: enjoyed what you've heard, please send it to a friend

1123
00:56:50,480 --> 00:56:54,040
Speaker 1: and keep the conversation going. And again, thanks for listening.