WEBVTT - Dan Nathan, Jay Willis & Rachel Bade

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<v Speaker 1>Hi, I'm Molly John Fast and this is Fast Politics,

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<v Speaker 1>where we discussed the top political headlines with some of

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<v Speaker 1>today's best minds, and Michigan has become the first date

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<v Speaker 1>in sixty years to have right to work laws repealed.

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<v Speaker 1>We have such a great show for you today. Politico's

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<v Speaker 1>Rachel Baide gives us an update on the never ending

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<v Speaker 1>chaos in Congress. Then we'll talk to on the tape

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<v Speaker 1>host Dan Nathan about what's happening with our economy. But

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<v Speaker 1>first we have the editor of Balls and Strikes, Jay Willis.

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<v Speaker 1>Welcome to Fast Politics.

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<v Speaker 2>Jay, thank you so much for having me to talk

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<v Speaker 2>about Taylor Swift at the Super Bowl. I wasn't expecting

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<v Speaker 2>an invitation to talk about this, but I can go

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<v Speaker 2>for two hours, three hours? How long do you want

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<v Speaker 2>to do this?

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<v Speaker 1>So it was fixed?

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<v Speaker 3>Right?

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<v Speaker 1>Yes? Okay, clearly?

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<v Speaker 2>Oh shit, wait, people are going to listen to this right.

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<v Speaker 1>Explain to me what's happening in Fulton County right now?

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<v Speaker 2>Well, boy, so, the prosecutor in Fulton County, Fanny Willis

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<v Speaker 2>no relation, has been leading an investigation into Donald Trump's

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<v Speaker 2>efforts to Sorry for the legal jargon here, but fuck

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<v Speaker 2>with the vote count in the twenty twenty presidential election

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<v Speaker 2>in Georgia, Donald Trump unquestionably did like some very bad

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<v Speaker 2>things in there. He you know, was on the phone

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<v Speaker 2>with the secretary of State, the Republican secretary of State

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<v Speaker 2>in Georgia, urging him to and I'm quoting here find

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<v Speaker 2>the votes or threatening him with some sort of like

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<v Speaker 2>vaguely defined criminal prosecution. I have no idea what Trump

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<v Speaker 2>was referring to. I kind of assumed he didn't know

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<v Speaker 2>what he was referring to either. But this is the

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<v Speaker 2>sort of thing that one does not do without incurring

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<v Speaker 2>the wrath of a prosecutor. The problem is that this

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<v Speaker 2>particular prosecutor apparently had an affair with someone in her office,

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<v Speaker 2>which is just like deeply misguided on several levels. But

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<v Speaker 2>what it's led to is Trump's defense team basically arguing

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<v Speaker 2>that the whole case needs to get thrown out, that

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<v Speaker 2>it is tainted by this scandal, and he might prevail

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<v Speaker 2>on that. I really know yet, but generally speaking, when

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<v Speaker 2>you're a prosecutor and things are on the rocks because

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<v Speaker 2>of who you slept with, it's not going great.

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<v Speaker 1>Yeah, what is the larger implication for this?

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<v Speaker 2>I mean, so there are several parallel investigations into Donald

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<v Speaker 2>Trump's various alleged forms of criminality. Right, this case is

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<v Speaker 2>being brought by a local prosecutor. It is independent from,

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<v Speaker 2>for example, the criminal investigation into Trump in DC, which

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<v Speaker 2>is not to be confused with the civil investigation into

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<v Speaker 2>Trump in New York and so on and so forth.

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<v Speaker 2>But I think the real damage here is sort of

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<v Speaker 2>in the way that Trump is going to start spinning

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<v Speaker 2>this sort of thing if he can create a narrative

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<v Speaker 2>among his followers and among people who might be susceptible

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<v Speaker 2>to being his followers, that it is in his best

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<v Speaker 2>interest to sort of lump these different criminal investigations together.

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<v Speaker 2>And if he can use Fanny Willis's misconduct in one

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<v Speaker 2>particular investigation to sort of smear all of the criminal

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<v Speaker 2>investigations against him as tainted, as biased, as Democratic hit jobs,

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<v Speaker 2>that's good for him, which is exactly why he's trying

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<v Speaker 2>to muddy the waters here.

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<v Speaker 1>Yeah. The other thing that it does, right is that

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<v Speaker 1>it aids one of Trump's biggest legal tactics, right, which

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<v Speaker 1>is delay.

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<v Speaker 2>That's right for both legal and practical reasons, Like, legally speaking,

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<v Speaker 2>if he is the nominee and wins election and becomes

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<v Speaker 2>the president again, he suddenly has a whole lot of

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<v Speaker 2>control over the federal investigations into him. I mean, setting

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<v Speaker 2>aside the obvious issue of whether or not the president

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<v Speaker 2>should be directing Department of Justice investigations. Of course, not

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<v Speaker 2>like it's not like Donald Trump gives a shit about that.

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<v Speaker 2>He would presume just take action and kill that on

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<v Speaker 2>day one. But then also, just like practically politically speaking,

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<v Speaker 2>if he is president, I think it becomes a whole

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<v Speaker 2>lot more fraught, for example, for a local prosecutor like

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<v Speaker 2>Fanny Willis to prosecute him. So he is doing everything

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<v Speaker 2>he can in this investigation, in other investigations to just

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<v Speaker 2>run out the clock. I don't know if he's going

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<v Speaker 2>to be able to run out the clock on every

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<v Speaker 2>one of them. But again, the more he is able

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<v Speaker 2>to narrow down the scope of legal problems he faces,

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<v Speaker 2>the better his odds are of wriggling out of it.

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<v Speaker 1>One more time. I want to just unpack this for

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<v Speaker 1>another minute. So basically Trump is doing two things here.

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<v Speaker 1>He wants to discredit this investigation by sort of spreading

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<v Speaker 1>salacious gossip about Fanny Willis right that she was cheating

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<v Speaker 1>on her spouse or she actually wasn't married but her

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<v Speaker 1>boyfriend was cheating on his spouse. By the way, the

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<v Speaker 1>irony here, the thrice married adulter who has his problem

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<v Speaker 1>where he paid off a porn star and that's one

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<v Speaker 1>of his many legal challenges, is sort of rich. But

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<v Speaker 1>basically what he's trying to do here is try this

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<v Speaker 1>case with his people, his fans, right, that's right.

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<v Speaker 2>A lot of this is effectively going on in the

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<v Speaker 2>court of public opinion. I mean, what's happening with Fanny

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<v Speaker 2>Willis is a part of like functionally more of a

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<v Speaker 2>pr campaign than anything else. Right, If he can portray

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<v Speaker 2>the prosecutor who is investigating him as tainted, as biased,

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<v Speaker 2>as just as mired in scandal, is he is, that's

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<v Speaker 2>a victory. Like he doesn't necessarily have to rise above it, right,

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<v Speaker 2>dragging everyone else down to his level creates the same result.

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<v Speaker 2>I will say, Like, if you're a prosecutor, like, come on,

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<v Speaker 2>it's so easy not to sleep with one of your colleagues.

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<v Speaker 2>You got to not do that. One of the clearest

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<v Speaker 2>through lines of the legal system in this country is

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<v Speaker 2>prosecutors fucking up and doing something dumb. At the worst

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<v Speaker 2>possible time. But like at the same time, it's not

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<v Speaker 2>like that changes what Trump did. So again it's the

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<v Speaker 2>creation of an additional salacious story to the salacious story

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<v Speaker 2>that landed Trump in court in the first place. And

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<v Speaker 2>the last thing I'll say about this is if a

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<v Speaker 2>judge disqualifies Fanny Willis Fanny Willis's office, the case could

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<v Speaker 2>go forward still. But again, as you say, it's all

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<v Speaker 2>about delay. Reading about reporting this morning, there's only a

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<v Speaker 2>few other das in Georgia who have the bandwidth to

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<v Speaker 2>take on a case like this. So if Fanny Willis

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<v Speaker 2>gets booted, suddenly we're looking for somebody else, like who

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<v Speaker 2>has the manpower, who has the bandwidth to do this?

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<v Speaker 2>Maybe there is someone, But how long does that process take?

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<v Speaker 2>The longer it takes, the closer we get to election day,

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<v Speaker 2>and the closer this gets to practically speaking.

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<v Speaker 1>Not mattering, right, and that's the golf for Trump. But

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<v Speaker 1>also it would take a long time for a Fanny

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<v Speaker 1>Willis replacement to get read in on this case, right,

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<v Speaker 1>Can you talk about that? Because the preparation it's month

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<v Speaker 1>to month.

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<v Speaker 2>And month sure, I mean, nothing in the legal system

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<v Speaker 2>ever moves in like sort of the expeditious timeline that

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<v Speaker 2>we're used to that perhaps we would like to see

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<v Speaker 2>for purposes of the news cycle, for purposes of on election.

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<v Speaker 2>That is very much fixed on the calendar. And a prosecutor,

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<v Speaker 2>even someone who wanted to take this case, even if

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<v Speaker 2>they could take it on, like, they can't go into

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<v Speaker 2>court tomorrow and start freely discussing the subject matter. They

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<v Speaker 2>have to get read up on it, just like Willis

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<v Speaker 2>has been over the development of the case. So yeah,

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<v Speaker 2>it's not just a matter of designating another lawyer. It's

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<v Speaker 2>designating another lawyer, another da I mean, who can then

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<v Speaker 2>begin the arduous process of reading in on the file

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<v Speaker 2>enough to actually be able to do something with it.

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<v Speaker 1>But also today Trump had another legal snaffo. Can you

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<v Speaker 1>talk about this?

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<v Speaker 2>So yeah, the case in New York is going considerably

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<v Speaker 2>different than the one in Georgia, very different. Tenor no

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<v Speaker 2>prosecutors sleeping with other prosecutors to the best of our knowledge.

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<v Speaker 2>And in that one we actually have a trial on

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<v Speaker 2>the calendar. Now the judge says the hush money trial

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<v Speaker 2>is going to go forward on March twenty fifth. That

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<v Speaker 2>is a case in New York State Court. So it's

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<v Speaker 2>not something that if he were to become president he

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<v Speaker 2>could do anything about. Yeah, the specter of this man

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<v Speaker 2>being in court again, in a courtroom passing notes to

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<v Speaker 2>his attorney on the rare occasions he constrained together more

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<v Speaker 2>than three or four words written down, that'll be fun.

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<v Speaker 1>I do think that Trump is not happy being a defendant.

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<v Speaker 2>I go back and forth on that question, sort of

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<v Speaker 2>the perils of trying to psychoanalyze a man whose brain

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<v Speaker 2>consists mostly of cottage cheese. I do sort of think

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<v Speaker 2>sometimes that, like me, he doesn't think that any of

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<v Speaker 2>this will ever result in meaningful legal consequences for him.

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<v Speaker 2>He has derived that lesson from living his entire life,

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<v Speaker 2>in which there have never been any meaningful legal consequences

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<v Speaker 2>for anything. If you sort of take him as someone

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<v Speaker 2>who is running for president largely because he has nothing

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<v Speaker 2>else to do, and also it seems like probably the

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<v Speaker 2>best weapon he can wield in his legal fights. I

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<v Speaker 2>sort of think he does like being able to frame

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<v Speaker 2>himself as a victim persecuted on multiple fronts in multiple states,

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<v Speaker 2>in different courtrooms, which is why, again, this Fanny Willis

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<v Speaker 2>thing is such a godsend for him, because what is

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<v Speaker 2>the George of prosecution about again who knows, right, we're

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<v Speaker 2>talking about the personal lives of the prosecutors now, not

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<v Speaker 2>the stuff that landed Trump there in the first place.

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<v Speaker 2>It's of course, like benefits him. That's exactly what he wants.

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<v Speaker 1>Right, exactly, But it is silatious and it's legal, and

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<v Speaker 1>it's coming. So just give us an update on where

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<v Speaker 1>these are. Other cases are the immunity case, will you

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<v Speaker 1>explain to us what an ongoing bonk is and what

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<v Speaker 1>that means and if that's happening.

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<v Speaker 2>Yes, so, in the Court of Appeals for the DC Circuit,

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<v Speaker 2>Trump has asserted that as president he has absolute immunity

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<v Speaker 2>against criminal prosecution for any acts that he committed as president.

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<v Speaker 2>If you want to like go a level or two deeper,

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<v Speaker 2>His argument is that as president, to basically, impeachment is

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<v Speaker 2>the only method of holding him legally accountable. Therefore, unless

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<v Speaker 2>he was impeached and convicted by the Senate, he has

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<v Speaker 2>immunity from criminal prosecution for it. Today, there are sort

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<v Speaker 2>of a number of problems with this, namely that it

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<v Speaker 2>resolves the issue of the president's criminal acts entirely to

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<v Speaker 2>like the ability to marshal a two thirds majority in

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<v Speaker 2>the Senate, which, like, I don't know if we could

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<v Speaker 2>get two thirds of the Senate to agree on anything,

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<v Speaker 2>much less convicting a president on impeachment charges. Fortunately, the

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<v Speaker 2>DC Circuit rejected Trump's claim of absolute presidential immunity, and

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<v Speaker 2>he is now asking the Supreme Court to sort of.

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<v Speaker 1>Block that ruling to do him as solid.

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<v Speaker 2>Yes while he seeks what's called en banc review, basically

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<v Speaker 2>asking the entire DC Circuit to hear the case rather

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<v Speaker 2>than the smaller three judge panel that issued that decision

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<v Speaker 2>on bank review is sort of the last step before

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<v Speaker 2>appealing the merits to the Supreme Court.

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<v Speaker 1>Would you think the Supreme Court will go along with God,

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<v Speaker 1>King Emperor Trump or now?

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<v Speaker 2>I do not think that they will want to set

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<v Speaker 2>a precedent of presidents can never be prosecuted criminally for

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<v Speaker 2>anything they do in office.

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<v Speaker 1>I think the only.

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<v Speaker 2>Question is exactly how they how they try and dispose

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<v Speaker 2>of it to make as few waves as possible. I

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<v Speaker 2>don't think there's any way they can do it without

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<v Speaker 2>making waves. It's just how big are those going to be?

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<v Speaker 2>And what could they be the easiest thing they could

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<v Speaker 2>do is just decline to hear the case, right to

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<v Speaker 2>just let the DC Circuit's opinion speak for itself and

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<v Speaker 2>to allow the which would functionally allow the prosecution to

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<v Speaker 2>move forward.

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<v Speaker 1>But Alito and Thomas seem like such partisan hacks, and

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<v Speaker 1>also Gorsage and also Kavanaugh. Do you really think they

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<v Speaker 1>would do something like not help out their guy.

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<v Speaker 2>I've been wrong a bunch before, I'll probably be wrong again,

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<v Speaker 2>But I do think that's probably a bridge too far.

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<v Speaker 2>Like these justices had the opportunity to get involved in

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<v Speaker 2>the twenty twenty election if they so wanted, and that

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<v Speaker 2>was not a fight they're willing to do. The reason

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<v Speaker 2>control of the Supreme Court is so important for the

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<v Speaker 2>Republican Party and the conservative legal movement is the legal

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<v Speaker 2>system has sort of this unearned veneer of legitimacy.

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<v Speaker 1>So they would compromise that.

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<v Speaker 2>That's right. They have a lot more to gain by

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<v Speaker 2>not giving Donald Trump everything he wants here in future cases,

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<v Speaker 2>in future issues that are much bigger than any one

0:13:07.760 --> 0:13:12.640
<v Speaker 2>person's political career, any one person's presidential aspirations. This is

0:13:12.679 --> 0:13:16.160
<v Speaker 2>one where they can save a bunch of political capital,

0:13:16.320 --> 0:13:19.720
<v Speaker 2>burnish the court's reputation, and fight another day, fight a

0:13:19.720 --> 0:13:20.439
<v Speaker 2>lot more days.

0:13:20.720 --> 0:13:26.959
<v Speaker 1>Jesus so interesting. Also, we're all going to die. Thank

0:13:27.000 --> 0:13:28.920
<v Speaker 1>you for joining us, Thank you.

0:13:28.880 --> 0:13:31.160
<v Speaker 2>For having me. Let's save the Taylor Swift conversation for

0:13:31.240 --> 0:13:32.480
<v Speaker 2>next time. I look forward to it.

0:13:36.320 --> 0:13:39.080
<v Speaker 1>Did you know Rick Wilson and I are bringing together

0:13:39.320 --> 0:13:43.120
<v Speaker 1>some friends for a general election kickoff party at City

0:13:43.200 --> 0:13:46.640
<v Speaker 1>Winery in New York on March sixth. We're going to

0:13:46.679 --> 0:13:51.719
<v Speaker 1>be chatting right after Super Tuesday about what's going on,

0:13:51.960 --> 0:13:55.160
<v Speaker 1>and it is going to probably be the one fun

0:13:55.280 --> 0:14:01.760
<v Speaker 1>night for the next eighty days. If you're in the

0:14:01.800 --> 0:14:03.960
<v Speaker 1>New York area, please come by and join us. You

0:14:04.000 --> 0:14:07.120
<v Speaker 1>can go to City Winery's website and grab a ticket.

0:14:07.679 --> 0:14:12.040
<v Speaker 1>Rachel Bade is a senior Washington correspondent of Politico and

0:14:12.240 --> 0:14:18.440
<v Speaker 1>author of Unchecked Welcome Back, Too Fast Politics. Rachel Bade,

0:14:18.920 --> 0:14:19.800
<v Speaker 1>thank you, Mollie.

0:14:19.920 --> 0:14:20.680
<v Speaker 4>I've missed you.

0:14:20.760 --> 0:14:21.520
<v Speaker 3>Glad to be back.

0:14:21.840 --> 0:14:23.680
<v Speaker 1>I missed you, and I'm excited to have you back

0:14:23.720 --> 0:14:26.560
<v Speaker 1>because I think of you as someone I mean, first

0:14:26.560 --> 0:14:30.760
<v Speaker 1>of all, Congress Historically it can be a slightly sleepy beat.

0:14:31.680 --> 0:14:36.480
<v Speaker 1>Sometimes what is happening right now doesn't it feel unprecedented? Yeah?

0:14:36.520 --> 0:14:39.840
<v Speaker 3>Absolutely, the chaos is. It's definitely ranting supreme. I can

0:14:39.920 --> 0:14:42.920
<v Speaker 3>tell you that going into this year. My being thought

0:14:42.960 --> 0:14:45.720
<v Speaker 3>was like, Okay, the Hill's going to be quiet, the

0:14:45.760 --> 0:14:47.520
<v Speaker 3>campaign triot is going to be interesting.

0:14:47.720 --> 0:14:49.560
<v Speaker 4>I'm going to ignore Congress for a while.

0:14:50.160 --> 0:14:53.440
<v Speaker 3>No, I keep getting dragged back to my old stomping grounds,

0:14:53.480 --> 0:14:57.040
<v Speaker 3>the House of Representatives, because I mean, the Republicans right

0:14:57.080 --> 0:14:59.640
<v Speaker 3>now are just you know, eating each other alive. And

0:15:00.120 --> 0:15:02.640
<v Speaker 3>the thing that's most shocking to me in recent weeks

0:15:02.760 --> 0:15:06.360
<v Speaker 3>is the level of hypocrisy that we are seeing from

0:15:06.480 --> 0:15:09.040
<v Speaker 3>the GOP right now. I mean, in a cosey, it's Washington,

0:15:09.120 --> 0:15:11.680
<v Speaker 3>They're all I mean, this is we become cynical as reporters.

0:15:11.760 --> 0:15:14.040
<v Speaker 1>I mean, I think it's important just just couches. You

0:15:14.080 --> 0:15:17.640
<v Speaker 1>are not a partisan, absolutely not it. You come from Congress,

0:15:17.680 --> 0:15:20.960
<v Speaker 1>you work at politicos, so you're really here to just

0:15:21.520 --> 0:15:24.560
<v Speaker 1>say what you're seeing. But what you're seeing ishpocrasy.

0:15:24.800 --> 0:15:27.320
<v Speaker 3>Yes, I mean, I've covered the Hill for over a decade,

0:15:27.400 --> 0:15:30.400
<v Speaker 3>especially Republicans have a lot of great relationships with them,

0:15:30.760 --> 0:15:33.600
<v Speaker 3>and they will tell you some even on.

0:15:33.520 --> 0:15:36.360
<v Speaker 4>The record, that the level of hipocrasy or here.

0:15:36.240 --> 0:15:39.760
<v Speaker 3>Is just uncanny. I mean, I'm thinking first of all

0:15:39.800 --> 0:15:43.000
<v Speaker 3>about what happened with the border deal recently, so.

0:15:42.960 --> 0:15:45.200
<v Speaker 1>Talk us through that just for the people who are

0:15:45.240 --> 0:15:46.600
<v Speaker 1>not completely right in.

0:15:46.920 --> 0:15:49.600
<v Speaker 3>The White House obviously wants to send more money to Ukraine.

0:15:49.600 --> 0:15:52.680
<v Speaker 3>They've been asking about this for months now, and Speaker

0:15:52.720 --> 0:15:56.000
<v Speaker 3>Mike Johnson initially put up a requirement that, Okay, if

0:15:56.000 --> 0:15:58.120
<v Speaker 3>we're going to fund Ukraine, first we have to deal

0:15:58.160 --> 0:16:00.640
<v Speaker 3>with our defense here at home. We need to crack

0:16:00.680 --> 0:16:03.000
<v Speaker 3>down on the border. So this was a Speaker johnson

0:16:03.560 --> 0:16:08.040
<v Speaker 3>initial push right after he became Speaker, and he basically said, look,

0:16:08.040 --> 0:16:11.240
<v Speaker 3>I want to buy partisan border deal. It takes four months.

0:16:11.400 --> 0:16:13.960
<v Speaker 3>Lawmakers go into this rabbit hole in the Senate and

0:16:14.040 --> 0:16:16.600
<v Speaker 3>they come out and they have a bill that gives

0:16:16.680 --> 0:16:19.760
<v Speaker 3>Republicans a whole bunch of conservative policy wins.

0:16:20.200 --> 0:16:22.880
<v Speaker 4>Democrats get very little in terms of immigration.

0:16:23.280 --> 0:16:26.160
<v Speaker 1>It's not so far from HB two, right.

0:16:26.320 --> 0:16:28.800
<v Speaker 3>So HR two, which is the House version, just the

0:16:28.840 --> 0:16:31.680
<v Speaker 3>House version of like a border crack down. It definitely

0:16:31.720 --> 0:16:36.120
<v Speaker 3>goes further. But these are not policy changes that Democrats

0:16:36.200 --> 0:16:38.880
<v Speaker 3>would want for free. It's like pulling their teeth here,

0:16:38.960 --> 0:16:41.280
<v Speaker 3>and it's all because they want Ukraine money, right, like

0:16:41.480 --> 0:16:45.760
<v Speaker 3>increasing Sanders or asylum, giving new authority to expel migrants,

0:16:46.160 --> 0:16:48.800
<v Speaker 3>basically ending what Republicans call catch and release, you know,

0:16:48.840 --> 0:16:51.200
<v Speaker 3>making it easier to detain people and not release them

0:16:51.240 --> 0:16:53.560
<v Speaker 3>but actually keep them in house while they're waiting for

0:16:53.600 --> 0:16:56.560
<v Speaker 3>their asylum cases. Anyway, a lot of conservative policy wins,

0:16:56.640 --> 0:16:59.880
<v Speaker 3>and Johnson blows it up, says no because Donald Trump

0:17:00.080 --> 0:17:02.760
<v Speaker 3>pressures him not to give Joe Biden a win on

0:17:02.840 --> 0:17:05.920
<v Speaker 3>the border, which is clearly one of his biggest political

0:17:06.119 --> 0:17:08.000
<v Speaker 3>problems right now. A lot of people do not like

0:17:08.080 --> 0:17:11.800
<v Speaker 3>how Biden's handling the border issue, and Johnson follows suit.

0:17:12.000 --> 0:17:15.040
<v Speaker 3>And then after the Senate just a few days ago,

0:17:15.480 --> 0:17:19.960
<v Speaker 3>passes this Ukraine assistance package without the border. Since Johnson

0:17:20.040 --> 0:17:22.000
<v Speaker 3>said no to what he originally.

0:17:21.520 --> 0:17:23.520
<v Speaker 4>Requested, they send it to the House and.

0:17:23.520 --> 0:17:26.160
<v Speaker 3>Guess what the speaker says now, he says it doesn't

0:17:26.200 --> 0:17:28.320
<v Speaker 3>address the border, so we can't accept it.

0:17:28.320 --> 0:17:29.960
<v Speaker 4>It's just like, oh my.

0:17:29.800 --> 0:17:33.560
<v Speaker 1>Gosh, right, it's not a great look to say the

0:17:33.640 --> 0:17:36.520
<v Speaker 1>thing you gave me I don't want. And also I

0:17:36.600 --> 0:17:39.280
<v Speaker 1>won't help you unless you give me the thing which

0:17:39.320 --> 0:17:40.320
<v Speaker 1>I just rejected.

0:17:40.560 --> 0:17:43.359
<v Speaker 3>Yeah, and like, look, I know we always talk about

0:17:43.400 --> 0:17:46.440
<v Speaker 3>how during a presidential election year, like I wish we

0:17:46.440 --> 0:17:48.320
<v Speaker 3>were talking about at the beginning, Usually it goes dark.

0:17:48.359 --> 0:17:50.840
<v Speaker 3>Not a lot gets done. All the votes are usually

0:17:50.880 --> 0:17:54.760
<v Speaker 3>like very sort of posturing votes. Messaging, yeah, messaging, but like,

0:17:54.960 --> 0:17:57.040
<v Speaker 3>you know, there's a real need on the border right now.

0:17:57.040 --> 0:17:58.520
<v Speaker 4>It's a top concern for voters.

0:17:58.640 --> 0:18:00.720
<v Speaker 3>And you know, you had people like me McConnell in

0:18:00.760 --> 0:18:03.760
<v Speaker 3>the Senate who were really championing and cheerleading this for

0:18:03.800 --> 0:18:05.960
<v Speaker 3>a long time until they saw the writing on the

0:18:05.960 --> 0:18:09.200
<v Speaker 3>wall and then they backtracked. It was just a stunning,

0:18:09.520 --> 0:18:13.080
<v Speaker 3>sort of embarrassing thing on Capitol Hill recently. I will

0:18:13.160 --> 0:18:15.840
<v Speaker 3>also say that, you know, Speaker Mike Johnson, a lot

0:18:15.880 --> 0:18:19.000
<v Speaker 3>of House Republicans were excited about his ascension. Now, a

0:18:19.040 --> 0:18:21.000
<v Speaker 3>lot of them, and I just wrote about this in

0:18:21.040 --> 0:18:23.280
<v Speaker 3>Playbook a few days ago, a lot of them are

0:18:23.320 --> 0:18:26.920
<v Speaker 3>pining for Kevin McCarthy again. And that is saying something

0:18:27.160 --> 0:18:31.000
<v Speaker 3>people like Thomas Messy, who is a conservative libertarian esque

0:18:31.040 --> 0:18:34.479
<v Speaker 3>member from Kentucky. He has long been a top critic

0:18:34.560 --> 0:18:37.040
<v Speaker 3>of Kevin McCarthy, never been a good fan of him.

0:18:37.440 --> 0:18:41.960
<v Speaker 3>He said that after Republicans tried and failed to impeach

0:18:42.000 --> 0:18:44.400
<v Speaker 3>may Orcists just a few days ago, and it's sort

0:18:44.400 --> 0:18:47.600
<v Speaker 3>of an embarrassing display. He was like, you know, getting

0:18:47.640 --> 0:18:50.479
<v Speaker 3>rid of McCarthy was a huge mistake, and people are

0:18:50.520 --> 0:18:53.320
<v Speaker 3>starting to say that Republicans are saying that a lot

0:18:53.359 --> 0:18:54.400
<v Speaker 3>behind the scenes right now.

0:18:54.640 --> 0:18:57.720
<v Speaker 1>Not a great look for mad Gates, who was the

0:18:57.800 --> 0:18:59.840
<v Speaker 1>driving force behind getting rid of McCarthy.

0:19:00.560 --> 0:19:02.600
<v Speaker 4>Yeah, you know, that's actually a really interesting point.

0:19:02.880 --> 0:19:04.960
<v Speaker 3>I should probably find him on the hill and catch

0:19:05.040 --> 0:19:08.680
<v Speaker 3>up little Buyer's remorse. I'm sure he will never admit it, right,

0:19:08.760 --> 0:19:11.640
<v Speaker 3>I mean, I think this is like Gates's crowning achievement

0:19:11.800 --> 0:19:15.800
<v Speaker 3>that he got rid of somebody he completely despised. But look,

0:19:16.040 --> 0:19:19.640
<v Speaker 3>it's showing that maybe the issue wasn't McCarthy so much

0:19:19.680 --> 0:19:21.560
<v Speaker 3>as the fact that they have a slim majority in

0:19:21.640 --> 0:19:25.960
<v Speaker 3>Republicans larger so divided right now between like the Magawine

0:19:26.000 --> 0:19:29.000
<v Speaker 3>of the party and the more traditional Republicans. Obviously the

0:19:29.040 --> 0:19:32.159
<v Speaker 3>Magawine is winging out hardcore right now, and that's a

0:19:32.280 --> 0:19:35.280
<v Speaker 3>problem when you know, the functions of Congress is to

0:19:35.400 --> 0:19:38.720
<v Speaker 3>govern and pass legislation and compromises needed, and that is

0:19:38.800 --> 0:19:40.240
<v Speaker 3>very out of fashion right now.

0:19:40.359 --> 0:19:43.240
<v Speaker 1>It's one of the things that I think makes your

0:19:43.240 --> 0:19:46.800
<v Speaker 1>point really well is that they lost a sixth procedural

0:19:46.880 --> 0:19:49.440
<v Speaker 1>vote on salt. I know Jesse loves to talk about

0:19:50.520 --> 0:19:53.400
<v Speaker 1>but it's a sort of like the state and local adoption.

0:19:53.760 --> 0:19:56.800
<v Speaker 1>Republicans from New York, and I think, quite smartly, believe

0:19:56.920 --> 0:19:59.760
<v Speaker 1>that if there's any chance of them keeping their seats,

0:19:59.760 --> 0:20:02.640
<v Speaker 1>they need to try to pass this solid deduction. Can

0:20:02.680 --> 0:20:04.240
<v Speaker 1>you talk us through what's happening there?

0:20:04.320 --> 0:20:06.680
<v Speaker 3>Yeah, absolutely, So these are a lot of Republicans in

0:20:06.720 --> 0:20:09.080
<v Speaker 3>New York and Biden districts. They're worried about their.

0:20:09.000 --> 0:20:11.880
<v Speaker 1>Seats in California too, right.

0:20:12.040 --> 0:20:14.760
<v Speaker 3>Yeah, California too, absolutely, and a lot of their constituents

0:20:14.840 --> 0:20:17.520
<v Speaker 3>high cost areas. Right, they want to be able to

0:20:17.880 --> 0:20:20.159
<v Speaker 3>take the state and local tax deduction. They want the

0:20:20.520 --> 0:20:22.720
<v Speaker 3>sort of cap on that to be higher. So basically

0:20:22.920 --> 0:20:25.320
<v Speaker 3>a bigger tax break for the fact that they're paying

0:20:25.840 --> 0:20:28.119
<v Speaker 3>all these other state and local taxes at a much bigger

0:20:28.200 --> 0:20:30.960
<v Speaker 3>rate than the rest of the country is. The centrist

0:20:31.000 --> 0:20:33.960
<v Speaker 3>Republicans were pushing Johnson to allow vote on this. He

0:20:33.960 --> 0:20:36.200
<v Speaker 3>said he would allow it, but it didn't even come

0:20:36.200 --> 0:20:38.080
<v Speaker 3>to a full vote because before you have the vote

0:20:38.080 --> 0:20:40.240
<v Speaker 3>on the legislation, you have what's called a rule in

0:20:40.280 --> 0:20:43.480
<v Speaker 3>the House of Representatives. It's basically just governing the debate

0:20:43.680 --> 0:20:47.080
<v Speaker 3>for them considering this bill, and usually it's up to

0:20:47.119 --> 0:20:50.280
<v Speaker 3>the majority. To carry a rule two passage, they need

0:20:50.280 --> 0:20:52.720
<v Speaker 3>to get a majority of the House. Usually it's the

0:20:53.040 --> 0:20:54.879
<v Speaker 3>majority of Republicans are the ones who are supposed to

0:20:54.880 --> 0:20:58.560
<v Speaker 3>carry this. Instead, eighteen Republicans voted against it. All Democrats

0:20:58.640 --> 0:21:01.840
<v Speaker 3>voted against it. The rule went down and it.

0:21:01.760 --> 0:21:04.159
<v Speaker 4>Never got considered. And the thing to know about this

0:21:04.240 --> 0:21:07.639
<v Speaker 4>is it's it's the sixth time this has.

0:21:07.560 --> 0:21:12.160
<v Speaker 3>Happened since Johnson began Speaker, and that is more than

0:21:12.440 --> 0:21:14.960
<v Speaker 3>I believe something in like half a century, Congress has

0:21:15.000 --> 0:21:17.480
<v Speaker 3>not seen a rule go down or fail on the

0:21:17.480 --> 0:21:19.960
<v Speaker 3>floor this often, and more than half a century. And

0:21:20.000 --> 0:21:23.000
<v Speaker 3>I will also note former Speaker Nancy Pelousi never lost

0:21:23.040 --> 0:21:25.959
<v Speaker 3>a single vote on the House floor. Johnson has lost

0:21:26.280 --> 0:21:29.399
<v Speaker 3>more than a half a dozen, including an effort to

0:21:29.400 --> 0:21:33.600
<v Speaker 3>try to impeach the DHS Secretary Alejandro Mayorchis and try

0:21:33.600 --> 0:21:37.600
<v Speaker 3>to fund Ukraine to Israel, which is a largely bipartisan

0:21:37.960 --> 0:21:40.160
<v Speaker 3>issue on Capitol Hill, but the way he did it

0:21:40.280 --> 0:21:42.200
<v Speaker 3>pissed a lot of people off and it went down.

0:21:42.320 --> 0:21:44.600
<v Speaker 1>He like did this sort of weird hell Mary pass

0:21:44.600 --> 0:21:47.280
<v Speaker 1>where he's like, we're going to do Israel funding with

0:21:47.520 --> 0:21:51.960
<v Speaker 1>no offsets, which would mean just like more money more

0:21:52.080 --> 0:21:55.080
<v Speaker 1>foreign a. Politically, there's a lot of popularity for it,

0:21:55.320 --> 0:21:57.919
<v Speaker 1>and it died too, and the Israel people were like,

0:21:58.119 --> 0:21:59.160
<v Speaker 1>don't do it this way.

0:21:59.400 --> 0:21:59.720
<v Speaker 4>Yeah.

0:21:59.760 --> 0:22:02.679
<v Speaker 3>So initially he had put this money up for a

0:22:02.720 --> 0:22:06.639
<v Speaker 3>vote months ago, but with these controversial offsets, basically targeted

0:22:06.680 --> 0:22:09.600
<v Speaker 3>a bunch of democratic priorities to cut spending there and

0:22:09.680 --> 0:22:13.360
<v Speaker 3>move that money to fund this new assistance for Israel.

0:22:13.760 --> 0:22:15.560
<v Speaker 3>That pissed off a lot of Dems. They said, no,

0:22:15.760 --> 0:22:19.440
<v Speaker 3>this isn't easy out. Now he sort of moved forward

0:22:19.520 --> 0:22:22.040
<v Speaker 3>getting rid of those offsets, just doing what they call

0:22:22.080 --> 0:22:24.960
<v Speaker 3>a clean bill that doesn't include sort of these partisan

0:22:24.960 --> 0:22:29.320
<v Speaker 3>policy winds. But it came right after Johnson killed the

0:22:29.400 --> 0:22:32.439
<v Speaker 3>border bill. And what's important to know about this is

0:22:32.480 --> 0:22:35.240
<v Speaker 3>that the White House has been asking for a national

0:22:35.280 --> 0:22:38.960
<v Speaker 3>security package that includes money for Israel, money for Ukraine,

0:22:39.000 --> 0:22:40.960
<v Speaker 3>and money for Taiwan. They want to keep them all

0:22:41.000 --> 0:22:43.640
<v Speaker 3>together because the belief is that the medicine goes down

0:22:43.640 --> 0:22:46.040
<v Speaker 3>with a little sugar, right, So you know, people who

0:22:46.040 --> 0:22:47.960
<v Speaker 3>don't want to vote for Ukraine, maybe they vote for

0:22:48.000 --> 0:22:51.000
<v Speaker 3>this package because they do want to support Israel. Johnson

0:22:51.040 --> 0:22:53.480
<v Speaker 3>sort of carved that up, took Israel out, and tried

0:22:53.480 --> 0:22:55.600
<v Speaker 3>to pass it what is known as under suspension of

0:22:55.640 --> 0:22:57.800
<v Speaker 3>the rules of the House. This means it requires two

0:22:57.880 --> 0:23:00.760
<v Speaker 3>thirds of a majority to actually pass, not just a

0:23:00.800 --> 0:23:03.880
<v Speaker 3>simple majority. So a lot of Republicans and Democrats needed.

0:23:03.880 --> 0:23:06.240
<v Speaker 3>A lot of Democrats or pissed that he was trying

0:23:06.240 --> 0:23:08.919
<v Speaker 3>to curve off this money just on Israel instead of

0:23:08.920 --> 0:23:12.119
<v Speaker 3>also addressing Ukraine. And then he had also flip flopped

0:23:12.480 --> 0:23:15.359
<v Speaker 3>on this notion of offsetting this funding, so a lot

0:23:15.400 --> 0:23:18.760
<v Speaker 3>of Conservatives who wanted to see this money paid for

0:23:19.040 --> 0:23:22.000
<v Speaker 3>were pissed at him too. So it's just the thing

0:23:22.119 --> 0:23:25.040
<v Speaker 3>I keep hearing over and over about him by Republicans

0:23:25.040 --> 0:23:26.960
<v Speaker 3>in the House is that he's all over the place.

0:23:27.359 --> 0:23:29.000
<v Speaker 3>He's flying by the seat of his pants.

0:23:29.080 --> 0:23:31.160
<v Speaker 4>With McCarthy, they said, at least he had a strategy.

0:23:31.200 --> 0:23:33.439
<v Speaker 3>Not everybody liked it, and a lot of people accused

0:23:33.480 --> 0:23:35.280
<v Speaker 3>him of lying all the time, which was a big

0:23:35.320 --> 0:23:37.560
<v Speaker 3>problem for him. But he had a strategy, he pitched

0:23:37.600 --> 0:23:39.680
<v Speaker 3>it to his members, and oftentimes he stuck to it.

0:23:39.760 --> 0:23:43.640
<v Speaker 3>With Johnson, it seems like his mind is changing depending

0:23:43.680 --> 0:23:46.000
<v Speaker 3>on you know, the week, and you know he's doing

0:23:46.000 --> 0:23:48.760
<v Speaker 3>one thing with Israel, then he backtracks a couple weeks later,

0:23:48.800 --> 0:23:51.600
<v Speaker 3>his members get mad. He's telling members that he does

0:23:51.640 --> 0:23:55.879
<v Speaker 3>support helping Ukraine, but then refuses to put Ukraine money

0:23:55.920 --> 0:23:58.520
<v Speaker 3>on the House floor because of the threat from the

0:23:58.600 --> 0:24:01.480
<v Speaker 3>magawing and some of his members like Marjorie Taylor Green

0:24:01.560 --> 0:24:03.760
<v Speaker 3>saying they will oust him a speaker if he allows

0:24:03.760 --> 0:24:06.040
<v Speaker 3>such a vote. So he's all over the place and

0:24:06.040 --> 0:24:08.800
<v Speaker 3>that's really angering a lot of people, whether they're Conservatives,

0:24:09.160 --> 0:24:12.840
<v Speaker 3>modern Republicans, Hawks, or even doves in the House right now,

0:24:12.840 --> 0:24:14.160
<v Speaker 3>and it's not a good place for him.

0:24:14.440 --> 0:24:19.359
<v Speaker 1>I want to ask you about retirements because one of

0:24:19.400 --> 0:24:23.280
<v Speaker 1>the things that we're seeing Republicans in the House and

0:24:23.480 --> 0:24:26.919
<v Speaker 1>Democrats do, but the Republican ones have gotten a lot

0:24:27.040 --> 0:24:31.240
<v Speaker 1>of attention. Mark Green, who's the Chair of Homeland Security,

0:24:31.400 --> 0:24:33.919
<v Speaker 1>is leaving after only six years. And these are like

0:24:34.560 --> 0:24:39.399
<v Speaker 1>young Gish people for Congress anyway, young I just was

0:24:39.440 --> 0:24:40.719
<v Speaker 1>hoping you could talk about that.

0:24:41.119 --> 0:24:44.160
<v Speaker 3>Yeah, Mark Green still has a brown hair, so yes,

0:24:44.320 --> 0:24:47.639
<v Speaker 3>that's not that's not the majority in Congress. It's a

0:24:47.720 --> 0:24:52.240
<v Speaker 3>huge deal Chairman leaving, and what it says is that

0:24:52.280 --> 0:24:55.800
<v Speaker 3>Republicans are not confident about keeping the House number one. Well,

0:24:55.800 --> 0:24:58.520
<v Speaker 3>obviously the majority is very slim right now. When is

0:24:58.520 --> 0:24:59.200
<v Speaker 3>it like a three C.

0:24:59.440 --> 0:25:03.159
<v Speaker 1>Wait, I found the people are resigning, So with Kay Granger,

0:25:03.359 --> 0:25:07.600
<v Speaker 1>who voted to Keith McCarthy, Ken Buck, who's been actually

0:25:07.720 --> 0:25:12.200
<v Speaker 1>very vocal about the majorcist stuff, Blake luke Meyer. Right,

0:25:12.480 --> 0:25:15.080
<v Speaker 1>but these are all sort of twenty ten. I mean

0:25:15.119 --> 0:25:18.520
<v Speaker 1>Greg Pence, we knew, Mike Bence's brother. I mean, if

0:25:18.560 --> 0:25:21.200
<v Speaker 1>you look at the numbers, and then Kevin leaves, Kathy

0:25:21.240 --> 0:25:25.520
<v Speaker 1>McMorris Rogers, Mike Gallagher, they're sort of young ish and

0:25:25.640 --> 0:25:27.960
<v Speaker 1>sort of ambitious and leaving right.

0:25:28.359 --> 0:25:31.280
<v Speaker 3>Yeah, No, I mean CMR Kathy mc morris Rodgers once

0:25:31.320 --> 0:25:35.159
<v Speaker 3>in Republican leadership herself. Yeah, I mean, she's got a

0:25:35.280 --> 0:25:39.240
<v Speaker 3>powerful committee position that she's wanted for a long time.

0:25:39.800 --> 0:25:42.199
<v Speaker 3>Gallagher has very much been seen as sort of an

0:25:42.280 --> 0:25:45.040
<v Speaker 3>up and comer. He's super young. I don't think he's

0:25:45.080 --> 0:25:48.560
<v Speaker 3>gonna be like in his what lordies, No, not even

0:25:49.119 --> 0:25:51.760
<v Speaker 3>I think he's like in his thirties, actually maybe forties.

0:25:52.600 --> 0:25:55.240
<v Speaker 3>He yeah, the case closer to my age, but I

0:25:55.280 --> 0:25:57.119
<v Speaker 3>could be totally warm about that. But again, he has

0:25:57.160 --> 0:25:59.800
<v Speaker 3>brown hair, which is not the norm in Congress. But

0:26:00.080 --> 0:26:03.600
<v Speaker 3>two things that this says. Number one is thirty ninety nine.

0:26:05.880 --> 0:26:06.120
<v Speaker 1>Wow.

0:26:06.600 --> 0:26:09.840
<v Speaker 4>Okay, he's older than me, I'm just saying, but still

0:26:09.920 --> 0:26:11.800
<v Speaker 4>very young. It says two things.

0:26:11.840 --> 0:26:14.480
<v Speaker 3>It says that people are number one, there they're pissed

0:26:14.640 --> 0:26:18.240
<v Speaker 3>about Congress not working anymore, and like, you know, Republicans

0:26:18.280 --> 0:26:20.080
<v Speaker 3>are in the majority, and you don't hear a lot

0:26:20.080 --> 0:26:22.359
<v Speaker 3>of them talk about this on the record, but basically

0:26:22.400 --> 0:26:24.359
<v Speaker 3>every one of them will admit this to you, either

0:26:24.400 --> 0:26:27.640
<v Speaker 3>on background or you know, in a private conversation, that

0:26:27.840 --> 0:26:29.800
<v Speaker 3>they're a shit show right now. They don't know what

0:26:29.840 --> 0:26:32.600
<v Speaker 3>they're doing, and the party's all over the place, and

0:26:32.640 --> 0:26:34.560
<v Speaker 3>they think it's going to get worse because Donald Trump

0:26:34.600 --> 0:26:36.440
<v Speaker 3>is going to be the nominee and there's a big

0:26:36.480 --> 0:26:40.280
<v Speaker 3>fear of him also pulling down Republicans. But like, if

0:26:40.280 --> 0:26:43.000
<v Speaker 3>you come to Congress, actually pass legislation, get things done,

0:26:43.560 --> 0:26:46.600
<v Speaker 3>and like you have Republicans openly admitting that they're not

0:26:46.640 --> 0:26:49.960
<v Speaker 3>putting a solution on the floor because Donald Trump wants

0:26:50.040 --> 0:26:53.560
<v Speaker 3>to keep that problem to run on in twenty twenty

0:26:53.600 --> 0:26:57.000
<v Speaker 3>four read the border specifically. That's frustrating to a lot

0:26:57.000 --> 0:26:59.600
<v Speaker 3>of members. And so you know, people are sort of

0:26:59.600 --> 0:27:01.399
<v Speaker 3>looking at the ready on the wall. They think they're

0:27:01.480 --> 0:27:03.679
<v Speaker 3>probably not going to be in the majority again in

0:27:03.720 --> 0:27:06.919
<v Speaker 3>twenty twenty five. And look, they're just saying this is

0:27:07.080 --> 0:27:09.160
<v Speaker 3>they're looking at their time and saying that they'd rather

0:27:09.200 --> 0:27:10.040
<v Speaker 3>be doing other things.

0:27:10.280 --> 0:27:11.640
<v Speaker 4>So it's pretty telling.

0:27:12.040 --> 0:27:16.840
<v Speaker 1>Yeah, talk me through Maorca's this impeachment now starts. It

0:27:17.080 --> 0:27:19.720
<v Speaker 1>means that the Senate can't do anything right.

0:27:20.040 --> 0:27:22.959
<v Speaker 3>Yeah, No, the Senate they can if they want, but

0:27:23.040 --> 0:27:24.679
<v Speaker 3>they have to do this trial.

0:27:24.920 --> 0:27:25.120
<v Speaker 1>Right.

0:27:25.440 --> 0:27:28.239
<v Speaker 3>That's actually been something that I've been doing some reporting on.

0:27:28.320 --> 0:27:30.760
<v Speaker 3>There's a number of ways Democrats can try to get

0:27:30.800 --> 0:27:34.000
<v Speaker 3>out of the trial, and there are conversations happening right

0:27:34.040 --> 0:27:36.720
<v Speaker 3>now in the White House and also among Senate Democrats

0:27:36.760 --> 0:27:39.800
<v Speaker 3>about how quickly can they make this go away. There

0:27:39.880 --> 0:27:41.919
<v Speaker 3>is definitely a feeling amongst Democrats, and by the way,

0:27:41.960 --> 0:27:44.440
<v Speaker 3>a lot of Republicans in the Senate, in the sort

0:27:44.480 --> 0:27:48.560
<v Speaker 3>of legal constitutional scholar braining act community too, that sort

0:27:48.600 --> 0:27:52.119
<v Speaker 3>of leans to the right, that this impeachment was not merited.

0:27:52.200 --> 0:27:56.200
<v Speaker 3>It was not high crimes into misdemeanors. The Founders talked

0:27:56.200 --> 0:27:58.359
<v Speaker 3>about whether they should allow impeachment to be done for

0:27:58.440 --> 0:28:02.600
<v Speaker 3>policy issues, and the Founders completely rejected that debate and

0:28:02.640 --> 0:28:05.000
<v Speaker 3>decided that no, they didn't want that yet. That's exactly

0:28:05.080 --> 0:28:07.640
<v Speaker 3>what the House did, so there's a feeling amongst Democrats

0:28:07.680 --> 0:28:09.640
<v Speaker 3>that they want to get rid of this. There's talk

0:28:09.720 --> 0:28:12.639
<v Speaker 3>right now about doing what's called emotion to dismiss, basically

0:28:12.680 --> 0:28:15.360
<v Speaker 3>after the articles come over to the Senate, which will

0:28:15.359 --> 0:28:17.760
<v Speaker 3>happen next week. It's going to happen right after the

0:28:17.800 --> 0:28:20.680
<v Speaker 3>Senate comes back from their President's Day recess. They can

0:28:20.720 --> 0:28:23.200
<v Speaker 3>basically vote right away to try to get rid of

0:28:23.280 --> 0:28:27.119
<v Speaker 3>the articles dismiss. They can also allow for opening statements.

0:28:27.160 --> 0:28:28.960
<v Speaker 3>But by the way, if they do that, that means

0:28:29.000 --> 0:28:31.119
<v Speaker 3>Marjorie Taylor Green is going to be presenting on the

0:28:31.200 --> 0:28:34.520
<v Speaker 3>Senate floor talking about Biden and the border.

0:28:34.800 --> 0:28:37.959
<v Speaker 1>That was my next question. Tell us who these impeachment

0:28:38.040 --> 0:28:40.960
<v Speaker 1>managers are, because this is amazing.

0:28:41.320 --> 0:28:44.000
<v Speaker 4>The one that obviously stuck out to me was Marjorie

0:28:44.000 --> 0:28:44.600
<v Speaker 4>Taylor Green.

0:28:44.880 --> 0:28:47.320
<v Speaker 3>And this is not someone that the White House is

0:28:47.360 --> 0:28:50.080
<v Speaker 3>going to be wanting to give a huge microphone too.

0:28:50.400 --> 0:28:53.560
<v Speaker 4>So again, this is why Democrats are looking to end.

0:28:53.400 --> 0:28:54.960
<v Speaker 1>This or maybe they should.

0:28:55.120 --> 0:28:57.600
<v Speaker 3>Well that's actually a good point because I did have

0:28:57.680 --> 0:29:00.840
<v Speaker 3>that thought too. But also she could say a lot

0:29:00.880 --> 0:29:04.680
<v Speaker 3>of things that are not exactly true. During a trial,

0:29:04.760 --> 0:29:08.360
<v Speaker 3>you can't just rebut her, right, the managers present, and

0:29:08.400 --> 0:29:12.040
<v Speaker 3>then the defense presents. You can't interrupt and say objection,

0:29:12.240 --> 0:29:14.800
<v Speaker 3>this is not true, So it's basically giving her like

0:29:14.840 --> 0:29:17.040
<v Speaker 3>a free rate to say what she wants. They can

0:29:17.120 --> 0:29:18.960
<v Speaker 3>just dismiss it at the front. They can do opening

0:29:19.040 --> 0:29:21.400
<v Speaker 3>arguments and then dismiss it. And then the thing that

0:29:21.520 --> 0:29:23.720
<v Speaker 3>a lot of people are talking about right now is

0:29:23.760 --> 0:29:27.000
<v Speaker 3>actually referring these impeachment articles to a committee. This has

0:29:27.080 --> 0:29:30.720
<v Speaker 3>been done with non presdential impeachments in the past, things

0:29:30.800 --> 0:29:34.320
<v Speaker 3>like judicial impeachments, where they basically send it to a committee,

0:29:34.320 --> 0:29:37.880
<v Speaker 3>the committee investigates it and then recommends that the full

0:29:37.920 --> 0:29:40.440
<v Speaker 3>Senate vote up or down. In the Senate votes up

0:29:40.520 --> 0:29:43.360
<v Speaker 3>or down. So the problem with this though is even

0:29:43.360 --> 0:29:46.040
<v Speaker 3>if it goes to a committee, we could see hearings

0:29:46.240 --> 0:29:48.120
<v Speaker 3>on this matter. And again I think the White House

0:29:48.160 --> 0:29:50.920
<v Speaker 3>wants this to go away asap. It'll be interesting to

0:29:50.920 --> 0:29:52.800
<v Speaker 3>see what they do, but definitely don't expect like a

0:29:52.880 --> 0:29:54.760
<v Speaker 3>long drawn out process.

0:29:54.840 --> 0:29:59.920
<v Speaker 1>So so interesting making Marjorie Taylor Green an impeachment manager.

0:30:00.320 --> 0:30:03.280
<v Speaker 1>The theory of the case here with Republicans, I think

0:30:03.600 --> 0:30:06.280
<v Speaker 1>is that the base loves Marjorie Taylor Green and the

0:30:06.280 --> 0:30:09.600
<v Speaker 1>rest of us or the sort of persuadable voter, of

0:30:09.640 --> 0:30:13.400
<v Speaker 1>which you know there are fewer and fewer that they

0:30:13.760 --> 0:30:16.880
<v Speaker 1>will grow to love her. But if you're trying to

0:30:16.960 --> 0:30:18.920
<v Speaker 1>keep the House, is this a brilliant play?

0:30:19.280 --> 0:30:21.280
<v Speaker 4>Absolutely not, I would say there are.

0:30:21.520 --> 0:30:23.920
<v Speaker 3>I know from conversations with Republicans on the Hill a

0:30:23.920 --> 0:30:26.880
<v Speaker 3>lot of them know that she is a loose cannon

0:30:27.160 --> 0:30:30.760
<v Speaker 3>and that it will very much blow back on them politically.

0:30:31.280 --> 0:30:33.560
<v Speaker 3>The reason she is in this position is because of

0:30:33.600 --> 0:30:36.640
<v Speaker 3>the power she wields in the House. I can tell

0:30:36.680 --> 0:30:38.720
<v Speaker 3>you you know, when they were doing these Biden and

0:30:38.720 --> 0:30:40.760
<v Speaker 3>impeachment hearings a while ago, just to give you some

0:30:40.800 --> 0:30:43.720
<v Speaker 3>insight into this, there was a debate about whether the

0:30:43.760 --> 0:30:46.520
<v Speaker 3>achiachment should be going through the House Oversight Committee or

0:30:46.560 --> 0:30:49.240
<v Speaker 3>the House Judiciary Committee. There was a couple hearings in

0:30:49.280 --> 0:30:53.120
<v Speaker 3>the House Oversight Committee that were frankly embarrassing or Republicans

0:30:53.120 --> 0:30:55.560
<v Speaker 3>where their own witnesses said that what Biden had done

0:30:55.720 --> 0:30:57.800
<v Speaker 3>or these allegations of gets Biden again were not.

0:30:58.160 --> 0:31:03.000
<v Speaker 1>Liberal turally right, yes, yes, exactly not so liberal, but

0:31:03.080 --> 0:31:04.200
<v Speaker 1>definitely very conservative.

0:31:04.440 --> 0:31:07.400
<v Speaker 4>And so there was talk about, Okay, Oversight.

0:31:07.080 --> 0:31:09.040
<v Speaker 3>Doesn't know what they're doing. Jim Jordan is the chair

0:31:09.040 --> 0:31:11.800
<v Speaker 3>of the Judiciary Committee. Let's just move this over to Jordan.

0:31:11.880 --> 0:31:13.680
<v Speaker 3>A lot of Republicans were telling me they wanted to

0:31:13.720 --> 0:31:16.800
<v Speaker 3>do this. The answer, however, was no, because of one

0:31:16.840 --> 0:31:20.040
<v Speaker 3>main reason. Marjorie Taylor Green is on oversight and she

0:31:20.360 --> 0:31:22.200
<v Speaker 3>wants this and if we take it from her, she

0:31:22.280 --> 0:31:24.880
<v Speaker 3>will get pissed, and nobody wanted to piss her off

0:31:24.920 --> 0:31:28.479
<v Speaker 3>in leadership. So the reason she is getting this position

0:31:28.640 --> 0:31:31.280
<v Speaker 3>is not because Republicans think she's a great messenger. They

0:31:31.320 --> 0:31:33.680
<v Speaker 3>know she's a very flawed one. The reason she's getting

0:31:33.680 --> 0:31:36.520
<v Speaker 3>it is because they're trying to praase her. And if

0:31:36.560 --> 0:31:38.720
<v Speaker 3>they don't give her this position when she's been lobbing

0:31:38.760 --> 0:31:41.680
<v Speaker 3>for it considerably behind the scenes, then they're going to

0:31:41.720 --> 0:31:43.680
<v Speaker 3>be in trouble. And that again, it's not a place

0:31:43.760 --> 0:31:47.000
<v Speaker 3>that these chairmen or Republican leaders be in right now.

0:31:47.200 --> 0:31:51.480
<v Speaker 1>So it's yet another Republicans being held hostage by their crazy.

0:31:51.360 --> 0:31:53.920
<v Speaker 3>By the bar right by the mataway, yes, and against

0:31:54.080 --> 0:31:56.240
<v Speaker 3>what they know is their best interest in their own

0:31:56.240 --> 0:31:57.480
<v Speaker 3>political gut instincts.

0:31:57.520 --> 0:32:01.000
<v Speaker 1>So it's really interesting, really interesting. Thank you so much, Rachel.

0:32:01.120 --> 0:32:02.680
<v Speaker 3>Happy to be on while I get to see you.

0:32:04.440 --> 0:32:08.160
<v Speaker 1>Dan Nathan is a panelist on Fast Money as well

0:32:08.200 --> 0:32:11.200
<v Speaker 1>as the co host of the podcast on the tape

0:32:11.440 --> 0:32:17.960
<v Speaker 1>and Okay Computer. Welcome back to Fast Politics, Dan Nathan.

0:32:17.920 --> 0:32:19.760
<v Speaker 5>Thanks for having me back, Molly. It's one of my

0:32:20.040 --> 0:32:22.120
<v Speaker 5>favorite podcasts. You know, I have a few of my own,

0:32:22.200 --> 0:32:24.440
<v Speaker 5>so therefore I have to put it in one of

0:32:24.480 --> 0:32:27.160
<v Speaker 5>my favorite but I love Fast Politics.

0:32:26.600 --> 0:32:30.760
<v Speaker 1>Oh your best. So I'm very happy to have you here.

0:32:30.960 --> 0:32:33.680
<v Speaker 1>And first I want you to explain to us because

0:32:33.680 --> 0:32:37.080
<v Speaker 1>it's sort of an interesting week in the public markets,

0:32:37.160 --> 0:32:42.360
<v Speaker 1>not getting a ton of like non market related press.

0:32:42.480 --> 0:32:44.520
<v Speaker 1>It has not carried over into the news cycle, but

0:32:44.800 --> 0:32:47.440
<v Speaker 1>a little bit interesting. Talk to this about what happened

0:32:47.480 --> 0:32:50.520
<v Speaker 1>on Monday and is sort of market volatility that followed.

0:32:50.800 --> 0:32:53.240
<v Speaker 5>Yeah, so we had a situation where all eyes were

0:32:53.280 --> 0:32:56.800
<v Speaker 5>on this CPI report. This is an inflation reading that

0:32:56.880 --> 0:32:59.920
<v Speaker 5>a lot of market participants follow very closely, and you know,

0:33:00.160 --> 0:33:03.560
<v Speaker 5>expectations have been and for the last year that a

0:33:03.600 --> 0:33:07.520
<v Speaker 5>lot of the effects of the Fed's monetary policy was

0:33:07.600 --> 0:33:10.320
<v Speaker 5>to bring down the level of inflation. We saw it

0:33:10.360 --> 0:33:12.440
<v Speaker 5>get as high as nine percent in twenty twenty two,

0:33:12.760 --> 0:33:14.960
<v Speaker 5>and therefore, you know they have this two percent target.

0:33:15.000 --> 0:33:17.040
<v Speaker 5>They've been speaking about it every time they have the

0:33:17.040 --> 0:33:20.000
<v Speaker 5>opportunity to do so. On the administration has been touting

0:33:20.000 --> 0:33:23.000
<v Speaker 5>the fact that inflation has come down dramatically from those

0:33:23.120 --> 0:33:25.720
<v Speaker 5>lofty levels in twenty twenty two. So we got a

0:33:25.760 --> 0:33:30.040
<v Speaker 5>reading for January inflation on Tuesday morning, and it was

0:33:30.080 --> 0:33:32.200
<v Speaker 5>a little hotter than expected.

0:33:31.920 --> 0:33:34.720
<v Speaker 1>Three point one for the year.

0:33:34.880 --> 0:33:37.840
<v Speaker 5>Correct three point one percent year over year, and so

0:33:38.040 --> 0:33:40.920
<v Speaker 5>a lot of I guess economists or strategists were expecting

0:33:41.040 --> 0:33:45.080
<v Speaker 5>possibly a two point something reading, right, getting closer to

0:33:45.600 --> 0:33:48.040
<v Speaker 5>their two percent target, which would give the Fed the

0:33:48.080 --> 0:33:51.200
<v Speaker 5>ability to then lower interest rates, right, And so that's

0:33:51.240 --> 0:33:53.720
<v Speaker 5>something that markets have been keying off. The stock market

0:33:53.840 --> 0:33:55.760
<v Speaker 5>just made a new all time high with the S

0:33:55.800 --> 0:33:58.200
<v Speaker 5>and P five hundred at this nice round number of

0:33:58.280 --> 0:34:01.760
<v Speaker 5>five thousand. Well, there we were, we close there on Monday.

0:34:01.840 --> 0:34:04.600
<v Speaker 5>And on Tuesday, with that hotter than expected reading, which

0:34:04.640 --> 0:34:08.200
<v Speaker 5>is pushing out the Fed's ability to lower interest rates,

0:34:08.360 --> 0:34:11.279
<v Speaker 5>the stock market sold off pretty aggressively. It has since

0:34:11.360 --> 0:34:13.920
<v Speaker 5>recovered over the last couple of days, but a lot

0:34:13.960 --> 0:34:16.400
<v Speaker 5>of economists, a lot of investors, a lot of strategists

0:34:16.400 --> 0:34:18.120
<v Speaker 5>are starting to price in the fact that maybe the

0:34:18.120 --> 0:34:21.200
<v Speaker 5>Fed will not be able to lower interest rates sooner

0:34:21.239 --> 0:34:24.720
<v Speaker 5>than some had expected, which is something that buoy's stock

0:34:24.760 --> 0:34:27.720
<v Speaker 5>market valuations, which is one of the main reasons why

0:34:27.880 --> 0:34:31.080
<v Speaker 5>the stock market from its October lows has rallied more

0:34:31.160 --> 0:34:31.880
<v Speaker 5>than twenty percent.

0:34:32.080 --> 0:34:35.360
<v Speaker 1>Right, weill unpack that number for us, because it's actually

0:34:35.360 --> 0:34:37.160
<v Speaker 1>a little bit misleading.

0:34:36.760 --> 0:34:39.400
<v Speaker 5>Right, Yeah, a lot of folks have been like arguing

0:34:39.440 --> 0:34:42.080
<v Speaker 5>for a very long time the way that that CPI

0:34:42.520 --> 0:34:46.160
<v Speaker 5>is calculated. You know, it just doesn't incorporate a lot

0:34:46.160 --> 0:34:49.320
<v Speaker 5>of things that a lot of regular Americans feel, whether

0:34:49.360 --> 0:34:52.520
<v Speaker 5>it be a hump and whether it be food, whether

0:34:52.560 --> 0:34:55.560
<v Speaker 5>it be auto insurance, whether it be certain services that

0:34:55.600 --> 0:34:58.400
<v Speaker 5>we all have to pay for, And so that reading

0:34:58.560 --> 0:35:00.680
<v Speaker 5>is a little funky, you know. It's also one of

0:35:00.680 --> 0:35:03.200
<v Speaker 5>these things where it seems like every sort of economic

0:35:03.440 --> 0:35:05.640
<v Speaker 5>reading that has the ability to kind of move the

0:35:05.680 --> 0:35:07.879
<v Speaker 5>stock market as it relates to what the Fed might

0:35:07.920 --> 0:35:11.560
<v Speaker 5>do with monetary policy, there's always some folks who just

0:35:11.600 --> 0:35:13.320
<v Speaker 5>want to tear them apart and say they're not actual

0:35:13.320 --> 0:35:15.200
<v Speaker 5>good readings. There's a lot of stuff in the employment

0:35:15.280 --> 0:35:17.680
<v Speaker 5>data that speaks to the same thing. And that's another thing.

0:35:17.719 --> 0:35:20.560
<v Speaker 5>You know, we can talk about inflation, but that January

0:35:20.600 --> 0:35:24.000
<v Speaker 5>employment report was really hot too. Write it's showing that

0:35:24.040 --> 0:35:26.600
<v Speaker 5>wage growth is really good at a time where unemployment

0:35:26.840 --> 0:35:30.440
<v Speaker 5>is that fifty year lows, basically all time lows. So

0:35:30.800 --> 0:35:33.240
<v Speaker 5>you can speak as much as you want about inflation

0:35:33.360 --> 0:35:36.319
<v Speaker 5>coming down, right, But you can also talk about a

0:35:36.480 --> 0:35:39.080
<v Speaker 5>very hot jobs market. You can talk about you know,

0:35:39.239 --> 0:35:42.480
<v Speaker 5>upward pressure on wages. That is also a big input

0:35:42.719 --> 0:35:45.200
<v Speaker 5>as it relates to inflation, so you know, and then

0:35:45.239 --> 0:35:47.960
<v Speaker 5>you've got to go back to, Okay, well, if the

0:35:48.239 --> 0:35:51.480
<v Speaker 5>employees are making more money year over year, right, and

0:35:51.520 --> 0:35:53.920
<v Speaker 5>if inflation is still higher than the Fed would like

0:35:53.960 --> 0:35:57.239
<v Speaker 5>it to be, if that inflation rate is below the

0:35:57.320 --> 0:36:00.520
<v Speaker 5>wage growth level, right, that should be good for consumers.

0:36:00.520 --> 0:36:02.520
<v Speaker 5>So there's all these sorts of ways that kind of

0:36:02.560 --> 0:36:05.359
<v Speaker 5>parse this out. But the upshot of this week and

0:36:05.400 --> 0:36:07.279
<v Speaker 5>some of the data that we've seen unemployment over the

0:36:07.320 --> 0:36:09.880
<v Speaker 5>last week or two is that the economy is still

0:36:10.200 --> 0:36:13.200
<v Speaker 5>really strong. And as long as the economy is strong,

0:36:13.560 --> 0:36:16.400
<v Speaker 5>then the Fed doesn't really have much case to lower

0:36:16.480 --> 0:36:19.279
<v Speaker 5>interest rates. And that very high interest rate is the

0:36:19.320 --> 0:36:22.240
<v Speaker 5>thing that could put the US economy into a recession,

0:36:22.239 --> 0:36:24.960
<v Speaker 5>and that's the thing that a lot of people are fearful, right.

0:36:25.120 --> 0:36:28.960
<v Speaker 1>So there's a circular logic here, and also even more

0:36:29.080 --> 0:36:32.200
<v Speaker 1>than that in those inflatiary numbers, wasn't the sort of

0:36:32.239 --> 0:36:35.760
<v Speaker 1>the largest uptick in real estate?

0:36:36.080 --> 0:36:38.040
<v Speaker 5>Yeah? Right, So one of the things that you think

0:36:38.080 --> 0:36:40.520
<v Speaker 5>that with you know, interest rates going higher, mortgage rates

0:36:40.520 --> 0:36:43.000
<v Speaker 5>going higher, the ability to kind of for people to

0:36:43.000 --> 0:36:45.160
<v Speaker 5>to kind of move it has been hindered. So you've

0:36:45.200 --> 0:36:49.080
<v Speaker 5>had this kind of really unnatural situation where you know,

0:36:49.200 --> 0:36:52.520
<v Speaker 5>like housing prices have stayed very high because people are

0:36:52.560 --> 0:36:55.960
<v Speaker 5>not willing to move out of their very low mortgage rates. Right,

0:36:56.000 --> 0:36:57.879
<v Speaker 5>So we've seen mortgage rates as high as they've been

0:36:58.000 --> 0:37:00.959
<v Speaker 5>in the last year or so in many decades or so,

0:37:00.960 --> 0:37:03.600
<v Speaker 5>So you know, you have asset prices that are very high.

0:37:03.600 --> 0:37:06.120
<v Speaker 5>So you have housing, you have the stock market, you know,

0:37:06.200 --> 0:37:08.320
<v Speaker 5>a whole host of other things. And so the Fed

0:37:08.680 --> 0:37:11.000
<v Speaker 5>again what they're trying to do with these high interest

0:37:11.080 --> 0:37:14.239
<v Speaker 5>rates is kind of tamp down demand. Right. They want

0:37:14.280 --> 0:37:16.759
<v Speaker 5>the economy to cool a little bit because they don't

0:37:16.800 --> 0:37:20.200
<v Speaker 5>want inflation to become entrenched in the economy because then

0:37:20.239 --> 0:37:23.480
<v Speaker 5>it's a situation where like in the seventies and Mally,

0:37:23.520 --> 0:37:27.360
<v Speaker 5>you and I you don't really remember you the idea

0:37:27.480 --> 0:37:30.680
<v Speaker 5>of stagflation, right, where you have a low growth environment,

0:37:30.960 --> 0:37:35.080
<v Speaker 5>but you have high prices and therefore it just that

0:37:35.080 --> 0:37:38.080
<v Speaker 5>that's the sort of thing that would weigh on risk assets.

0:37:38.080 --> 0:37:40.439
<v Speaker 5>So the FED is not ready to drop the mic

0:37:40.560 --> 0:37:44.080
<v Speaker 5>and take a victory lap and say mission accomplished just yet.

0:37:44.120 --> 0:37:46.680
<v Speaker 5>And that's the one thing, going back to your original question,

0:37:46.880 --> 0:37:50.280
<v Speaker 5>that cause volatility in the equity market, because on the

0:37:50.320 --> 0:37:53.839
<v Speaker 5>CPI report, you saw interest rates move higher and you

0:37:53.880 --> 0:37:57.319
<v Speaker 5>saw stock market prices go lower, and that's the sort

0:37:57.360 --> 0:37:59.880
<v Speaker 5>of thing that if that were just kind of you know,

0:38:00.200 --> 0:38:02.560
<v Speaker 5>if investors were starting to think that, oh man, we

0:38:02.640 --> 0:38:04.680
<v Speaker 5>are not going to get to that two percent in

0:38:04.760 --> 0:38:07.480
<v Speaker 5>a target, and the Fed's going to keep interest rates higher,

0:38:07.520 --> 0:38:10.759
<v Speaker 5>meaning more restrictive on the economy, then the longer that

0:38:10.840 --> 0:38:13.120
<v Speaker 5>goes on, is that the greater the likelihood that we

0:38:13.200 --> 0:38:15.239
<v Speaker 5>have to go into recession. And just so you know,

0:38:15.320 --> 0:38:17.759
<v Speaker 5>as we're recording this today, two of the headlines that

0:38:17.800 --> 0:38:22.040
<v Speaker 5>I saw is that the UK pushed into a recession

0:38:22.200 --> 0:38:24.560
<v Speaker 5>over the last quarter, and so did Japan. So we're

0:38:24.560 --> 0:38:27.800
<v Speaker 5>starting to see this in some very large economies around

0:38:27.800 --> 0:38:28.200
<v Speaker 5>the world.

0:38:28.719 --> 0:38:35.440
<v Speaker 1>Right, UK and Japan both countries that said no to immigration,

0:38:36.200 --> 0:38:41.200
<v Speaker 1>thus having a tighter labor market, thus having more inflation,

0:38:42.040 --> 0:38:46.480
<v Speaker 1>US tipping into recession, not necessarily why they tipped into recession,

0:38:46.520 --> 0:38:49.200
<v Speaker 1>but certainly Brexit is not helping.

0:38:49.560 --> 0:38:52.080
<v Speaker 5>Yeah, I mean this situation. I mean, we know that

0:38:52.160 --> 0:38:55.000
<v Speaker 5>Japan has this massive demographic issue and it's been going

0:38:55.040 --> 0:38:57.359
<v Speaker 5>on for a very long time. Their economy has been

0:38:57.480 --> 0:38:59.960
<v Speaker 5>really stuck in the mud for a long time also,

0:39:00.080 --> 0:39:02.239
<v Speaker 5>But when you think about the UK and obviously the

0:39:02.280 --> 0:39:05.360
<v Speaker 5>break from the EU, you know, the EU is probably

0:39:05.400 --> 0:39:07.799
<v Speaker 5>the next shoe to drop, as you know, as it

0:39:07.840 --> 0:39:10.720
<v Speaker 5>relates to a recession. You know, the war in Ukraine

0:39:10.800 --> 0:39:13.719
<v Speaker 5>has obviously been a bit of a headwind for the

0:39:13.880 --> 0:39:16.640
<v Speaker 5>European economy and so you know, it brings us back

0:39:16.640 --> 0:39:18.880
<v Speaker 5>to the US a little bit, and all the kind

0:39:18.920 --> 0:39:22.440
<v Speaker 5>of fiscal wrangling that we have about aid towards Ukraine.

0:39:22.480 --> 0:39:25.080
<v Speaker 5>I mean, the situation in Ukraine was one of when

0:39:25.160 --> 0:39:28.680
<v Speaker 5>Russia invaded, was one of the major issues that caused

0:39:28.719 --> 0:39:31.040
<v Speaker 5>that inflationary spike. In twenty twenty two. We were just

0:39:31.080 --> 0:39:33.120
<v Speaker 5>coming out of COVID, We're dealing with a lot of

0:39:33.120 --> 0:39:36.319
<v Speaker 5>the supply chain disruptions. A lot of that came from

0:39:36.400 --> 0:39:38.080
<v Speaker 5>you know, China and the like. But then all of

0:39:38.120 --> 0:39:40.000
<v Speaker 5>a sudden, we saw it with energy. We saw it

0:39:40.000 --> 0:39:42.000
<v Speaker 5>with grain, and so this is one of the reasons

0:39:42.040 --> 0:39:45.319
<v Speaker 5>why I just don't get the Republican stance towards aid

0:39:45.360 --> 0:39:48.719
<v Speaker 5>to Ukraine if you think about just the potential bottlenecks

0:39:48.760 --> 0:39:51.200
<v Speaker 5>that it has with the global economy. The other aspect

0:39:51.239 --> 0:39:54.200
<v Speaker 5>that I just mentioned is obviously an expanded war in the

0:39:54.239 --> 0:39:57.080
<v Speaker 5>Middle East, and we already know what's happened to shipping

0:39:57.120 --> 0:39:59.239
<v Speaker 5>routes in the Red Sea right causing the US and

0:39:59.280 --> 0:40:02.279
<v Speaker 5>the UK the bomb you know, the Hooti rebels who

0:40:02.320 --> 0:40:04.520
<v Speaker 5>are causing a lot of disruptions there. You know, that

0:40:04.680 --> 0:40:07.319
<v Speaker 5>is inflationary. And then throw into the fact that on

0:40:07.360 --> 0:40:10.120
<v Speaker 5>the flip side of this, we have further you know,

0:40:10.160 --> 0:40:13.640
<v Speaker 5>wrangling about you know, trade situations with China which are

0:40:13.680 --> 0:40:16.880
<v Speaker 5>obviously inflationary at a time where the Chinese economy is

0:40:16.880 --> 0:40:20.239
<v Speaker 5>actually in the opposite situation, it is deflationary. And you

0:40:20.239 --> 0:40:22.880
<v Speaker 5>could make the argument, while we have inflation in the

0:40:22.920 --> 0:40:27.400
<v Speaker 5>developed world, you know, a deflationary economy in China because

0:40:27.800 --> 0:40:31.000
<v Speaker 5>so much of the world relies on China rights as

0:40:31.000 --> 0:40:33.200
<v Speaker 5>a as a place to you know, kind of do

0:40:33.239 --> 0:40:36.480
<v Speaker 5>business with them. That's a really, really bad situation in

0:40:36.520 --> 0:40:39.280
<v Speaker 5>my opinion, so not being priced into the stock market

0:40:39.280 --> 0:40:41.400
<v Speaker 5>here in the US at all time highs in my opinion.

0:40:41.239 --> 0:40:44.960
<v Speaker 1>Yeah, those hooty rebels, God forbid you disrupt shipping lines.

0:40:45.920 --> 0:40:48.760
<v Speaker 1>America is not going to tolerate that. I'm not taking

0:40:48.760 --> 0:40:51.279
<v Speaker 1>the side of the hoosy rebels. I mean, whatever is

0:40:51.320 --> 0:40:52.120
<v Speaker 1>going on there is.

0:40:52.360 --> 0:40:53.920
<v Speaker 5>Not a good stance. But you know, one of the

0:40:53.920 --> 0:40:56.399
<v Speaker 5>things that I am routinely, you know, as I sit

0:40:56.440 --> 0:40:58.799
<v Speaker 5>on the desk at Best Money on CNBC and the

0:40:58.800 --> 0:41:00.759
<v Speaker 5>podcast that we do in the life, there's a little

0:41:00.760 --> 0:41:02.880
<v Speaker 5>bit of a conundrum playing out here right now because

0:41:02.880 --> 0:41:05.520
<v Speaker 5>when I think about the stock market at all time highs,

0:41:05.520 --> 0:41:08.160
<v Speaker 5>I think about consumer confidence at pretty decent levels. I

0:41:08.160 --> 0:41:11.800
<v Speaker 5>think home prices where they are, right, I see, you know, households.

0:41:11.880 --> 0:41:14.040
<v Speaker 5>You know, we're starting to see the savings rate tick

0:41:14.120 --> 0:41:17.440
<v Speaker 5>down a little bit, consumer credit tick up considerably, but

0:41:17.800 --> 0:41:21.200
<v Speaker 5>consumer confidence is pretty high. We have, again, we have

0:41:21.320 --> 0:41:23.960
<v Speaker 5>decent waves growth above four percent year every year. We

0:41:24.000 --> 0:41:27.200
<v Speaker 5>have unemployment below four percent at all time highs. We

0:41:27.280 --> 0:41:29.799
<v Speaker 5>see you know, inflation, while this is a measure of

0:41:29.920 --> 0:41:31.920
<v Speaker 5>year over year, so at three point one percent, it's

0:41:31.960 --> 0:41:35.280
<v Speaker 5>still high, right, that's a cumulative sort of level here

0:41:35.520 --> 0:41:38.680
<v Speaker 5>things seem okay for the economy. We avoided a recession

0:41:38.719 --> 0:41:41.280
<v Speaker 5>that the stock market in twenty twenty two was pricing

0:41:41.320 --> 0:41:43.840
<v Speaker 5>in in twenty twenty three. The thing that I can't

0:41:43.880 --> 0:41:48.360
<v Speaker 5>figure out is that why registered voters, right and even

0:41:48.520 --> 0:41:53.000
<v Speaker 5>Democrats feel so pessimistic about the economy in this election year.

0:41:53.040 --> 0:41:54.920
<v Speaker 5>And it's one of the things that I'm going to

0:41:54.960 --> 0:41:58.080
<v Speaker 5>be you know, I'm going to be really trying to

0:41:58.080 --> 0:42:00.680
<v Speaker 5>figure out for most of this year because we see

0:42:00.680 --> 0:42:03.920
<v Speaker 5>how the Biden administration, how poorly they rank when it

0:42:03.960 --> 0:42:06.239
<v Speaker 5>comes to the economy. And given everything that we know

0:42:06.600 --> 0:42:09.560
<v Speaker 5>about Donald Trump and the chaos that he causes with

0:42:09.880 --> 0:42:11.640
<v Speaker 5>just the kind of world order, the comments that he

0:42:11.680 --> 0:42:15.240
<v Speaker 5>made about NATO, that should be one of the scariest things.

0:42:15.239 --> 0:42:17.719
<v Speaker 5>If you are a US multinational company and you do

0:42:17.800 --> 0:42:19.719
<v Speaker 5>a lot of business in Europe, you do a lot

0:42:19.719 --> 0:42:21.480
<v Speaker 5>of business in Asia, you do a lot of business

0:42:21.480 --> 0:42:24.000
<v Speaker 5>in the Middle East. What he has to say about

0:42:24.080 --> 0:42:27.400
<v Speaker 5>NATO is massively disruptive, in my opinion, and you should

0:42:27.400 --> 0:42:30.319
<v Speaker 5>be scared shitless about that, right, And so nothing is

0:42:30.360 --> 0:42:32.440
<v Speaker 5>being priced into that now. I don't want to talk

0:42:32.480 --> 0:42:34.920
<v Speaker 5>about Donald Trump every day like we had to in

0:42:34.920 --> 0:42:37.680
<v Speaker 5>twenty sixteen or like we had to in twenty twenty,

0:42:37.760 --> 0:42:40.799
<v Speaker 5>at least from my standpoint as a market show. But

0:42:40.880 --> 0:42:44.319
<v Speaker 5>I feel like the markets are really underestimating this sort

0:42:44.320 --> 0:42:47.480
<v Speaker 5>of thing. And at some point the Biden administration has

0:42:47.520 --> 0:42:50.239
<v Speaker 5>to start leading with their successes that they've had on

0:42:50.280 --> 0:42:53.040
<v Speaker 5>the economic front. Right, at some point it has to

0:42:53.120 --> 0:42:54.239
<v Speaker 5>kind of plow through to the voter.

0:42:54.440 --> 0:42:57.799
<v Speaker 1>I'm going to blow your mind here when I tell

0:42:57.840 --> 0:43:02.600
<v Speaker 1>you that. In fact, Joe Biden and even in Axios yesterday,

0:43:02.760 --> 0:43:06.719
<v Speaker 1>Axios in a piece about how the Inflation Reduction Act is

0:43:06.840 --> 0:43:11.520
<v Speaker 1>actually creating these mini booms in states that have not

0:43:11.800 --> 0:43:15.080
<v Speaker 1>had any investment. I mean, I agree, and I think

0:43:15.160 --> 0:43:17.440
<v Speaker 1>they have to take it to the road. But I

0:43:17.600 --> 0:43:21.520
<v Speaker 1>just want to point out that the road. For example,

0:43:21.600 --> 0:43:23.040
<v Speaker 1>I was with a bunch of smart people and they

0:43:23.040 --> 0:43:25.439
<v Speaker 1>were like, why doesn't Biden go out there. He's out

0:43:25.440 --> 0:43:28.680
<v Speaker 1>there literally every day giving speeches. They are not being

0:43:28.760 --> 0:43:34.000
<v Speaker 1>covered because people find it boring unless he gaffs. So

0:43:34.120 --> 0:43:35.920
<v Speaker 1>you do see, I mean, I have seen and the

0:43:36.239 --> 0:43:38.879
<v Speaker 1>I mean these guys you kind of get them too.

0:43:38.960 --> 0:43:41.840
<v Speaker 1>I mean, you cannot get them to shut up about chips.

0:43:42.000 --> 0:43:45.320
<v Speaker 5>Well, they need better surrogates. I mean, like it's really simple.

0:43:45.719 --> 0:43:47.400
<v Speaker 5>I mean, I don't know if you watched John Stewart's

0:43:47.440 --> 0:43:49.560
<v Speaker 5>return to the Daily Show the other night, it was

0:43:49.600 --> 0:43:51.880
<v Speaker 5>a pretty brilliant piece where he came out on that

0:43:51.920 --> 0:43:54.359
<v Speaker 5>Thursday night press or he was unhappy with you know,

0:43:54.480 --> 0:43:57.359
<v Speaker 5>like the you know, the categorization of him as a

0:43:57.400 --> 0:44:00.959
<v Speaker 5>well meeting elderly man with a bad memory and John

0:44:01.000 --> 0:44:03.399
<v Speaker 5>Stewart's bit. And I'm so glad he's back. I really

0:44:03.440 --> 0:44:06.160
<v Speaker 5>missed him. I actually honestly think that if he and

0:44:06.640 --> 0:44:09.840
<v Speaker 5>Colbert had not gone off Comedy Central in twenty sixteen

0:44:09.880 --> 0:44:12.120
<v Speaker 5>before the election, I think that Hillary would have won.

0:44:12.520 --> 0:44:15.280
<v Speaker 5>I'm not blaming them. I go, like, kudos to those guys,

0:44:15.360 --> 0:44:18.799
<v Speaker 5>but I'm glad he's back. But the point there is that,

0:44:18.920 --> 0:44:21.960
<v Speaker 5>like he had the opportunity to come out, be force full,

0:44:22.040 --> 0:44:24.759
<v Speaker 5>stick to the message, be combative with some of these

0:44:24.800 --> 0:44:27.640
<v Speaker 5>fox a holes, and then he just couldn't let it

0:44:27.680 --> 0:44:30.160
<v Speaker 5>be and he had to come back and remind everybody

0:44:30.440 --> 0:44:34.520
<v Speaker 5>that he literally in twenty twenty campaigned from his basement

0:44:34.800 --> 0:44:37.840
<v Speaker 5>in Delaware. He will not be able to kind of

0:44:37.880 --> 0:44:40.560
<v Speaker 5>deliver the message on his own. Kamala Harris will not

0:44:40.600 --> 0:44:43.040
<v Speaker 5>be able to deliver the message on the areas that

0:44:43.080 --> 0:44:45.400
<v Speaker 5>they need to be strong on, whether it be the economy,

0:44:45.440 --> 0:44:48.279
<v Speaker 5>whether it be you know, his legislative agenda that was

0:44:48.400 --> 0:44:51.399
<v Speaker 5>very successful in the first term. So I don't know, man,

0:44:51.480 --> 0:44:53.959
<v Speaker 5>I think we're kind of like whatever the bad def

0:44:54.000 --> 0:44:55.719
<v Speaker 5>con is, you know what I mean, I don't know

0:44:56.040 --> 0:44:58.640
<v Speaker 5>one or five, but we're getting close to that one.

0:44:58.840 --> 0:45:02.000
<v Speaker 5>And when folks, you know, John Stewart and his return

0:45:02.040 --> 0:45:04.640
<v Speaker 5>to the Daily Show, you know, put a very fine

0:45:04.719 --> 0:45:06.839
<v Speaker 5>point on it. We know who that audience is, and

0:45:06.880 --> 0:45:09.680
<v Speaker 5>we know the sort of messaging they have. They need

0:45:09.719 --> 0:45:11.960
<v Speaker 5>better sarrogates, that's how they get covered.

0:45:12.200 --> 0:45:14.560
<v Speaker 1>Yeah, if we're going to open the door. And does

0:45:14.680 --> 0:45:17.400
<v Speaker 1>John Stuart make a great point by making fun of

0:45:17.400 --> 0:45:20.600
<v Speaker 1>Biden for his age? I mean, okay, I mean I

0:45:20.600 --> 0:45:23.000
<v Speaker 1>don't know. I've watched a lot of Biden's speech shoes

0:45:23.719 --> 0:45:26.840
<v Speaker 1>And is the man a gifted orator he gifts a

0:45:26.880 --> 0:45:29.040
<v Speaker 1>good speech? No, he never was.

0:45:29.400 --> 0:45:30.920
<v Speaker 5>You know, let me tell you something. I'm going to

0:45:30.960 --> 0:45:33.320
<v Speaker 5>point you to a podcast that my friend Wilfred Frost

0:45:33.360 --> 0:45:36.480
<v Speaker 5>did that his father did with Joe Biden in nineteen

0:45:36.560 --> 0:45:38.839
<v Speaker 5>eighty eight, and it's in the podcast stores. It's called

0:45:38.840 --> 0:45:41.279
<v Speaker 5>the I Think it's called the Frost Files. And this

0:45:41.400 --> 0:45:44.799
<v Speaker 5>was a never before released interview of Joe Biden when

0:45:44.840 --> 0:45:47.600
<v Speaker 5>he was running for president the first time in nineteen

0:45:47.719 --> 0:45:50.239
<v Speaker 5>eighty eight. And go listen to this. He sounded like

0:45:50.280 --> 0:45:52.759
<v Speaker 5>an absolute fighter and a rock star. And I get

0:45:52.800 --> 0:45:55.120
<v Speaker 5>it, it was a long time ago, but you know what's crazy.

0:45:55.120 --> 0:45:57.640
<v Speaker 5>As I was listening to this interview, Okay, this was

0:45:57.719 --> 0:46:00.880
<v Speaker 5>David Frost and Joe Biden, it sounded like Gavin Newsom

0:46:01.080 --> 0:46:03.800
<v Speaker 5>in twenty twenty four. And that's the sort of fighters

0:46:03.960 --> 0:46:05.799
<v Speaker 5>that we need out there, you know what I mean,

0:46:05.920 --> 0:46:09.520
<v Speaker 5>like kind of like making the case against Trump right now,

0:46:09.560 --> 0:46:13.600
<v Speaker 5>against against Maga politics, against you know, like isolation is

0:46:13.640 --> 0:46:16.480
<v Speaker 5>sort of stuff that that couldn't be worse for our

0:46:16.520 --> 0:46:18.720
<v Speaker 5>country's future as we think about this kind of rhetoric,

0:46:18.719 --> 0:46:21.880
<v Speaker 5>as they know, and the economy, if the economy is

0:46:21.920 --> 0:46:23.960
<v Speaker 5>doing well, then they need to make a better case

0:46:24.000 --> 0:46:25.799
<v Speaker 5>for it. If Joe Biden and Kamala Harris are not

0:46:25.800 --> 0:46:28.080
<v Speaker 5>the people to do it, certainly Janet Yellen's not the

0:46:28.120 --> 0:46:30.400
<v Speaker 5>person to do it, then they need to find those people,

0:46:30.440 --> 0:46:32.200
<v Speaker 5>and they need to find them fast. Because I'll tell

0:46:32.200 --> 0:46:33.960
<v Speaker 5>you this, Molly right now, and you get me a

0:46:34.000 --> 0:46:37.160
<v Speaker 5>little fired up here, okay. Is that the economy's okay

0:46:37.239 --> 0:46:40.800
<v Speaker 5>right now? Okay, So if we think to November fifth, Okay,

0:46:40.840 --> 0:46:43.200
<v Speaker 5>if we think about that date, they'll likely and if

0:46:43.239 --> 0:46:45.680
<v Speaker 5>we want to look at the probabilities, okay, whether the

0:46:45.719 --> 0:46:48.799
<v Speaker 5>economy is much better than it is right now or

0:46:48.920 --> 0:46:53.440
<v Speaker 5>much worse, Okay, I'm kind of leaning towards much worse

0:46:53.719 --> 0:46:56.560
<v Speaker 5>as we get longer into this year, okay, And that

0:46:56.640 --> 0:46:59.400
<v Speaker 5>will be an absolute disaster. And it also brings me

0:46:59.440 --> 0:47:02.080
<v Speaker 5>back to twoth Zoan and eight and that election year

0:47:02.400 --> 0:47:07.240
<v Speaker 5>where the McCain thing was sunk because the economy fell apart, right,

0:47:07.320 --> 0:47:10.120
<v Speaker 5>and obviously he was not doing a great job on

0:47:10.120 --> 0:47:12.080
<v Speaker 5>the campaign front and everything like that. But I get

0:47:12.120 --> 0:47:15.120
<v Speaker 5>really nervous about that. And so as bad as Biden

0:47:15.200 --> 0:47:17.479
<v Speaker 5>is polling right now in the economy, and the fact

0:47:17.560 --> 0:47:20.480
<v Speaker 5>that all this stuff as it relates to Trump, all

0:47:20.520 --> 0:47:22.360
<v Speaker 5>the stuff that's in the news, and all the gas

0:47:22.400 --> 0:47:24.279
<v Speaker 5>and all the nastiness and all the cruelty and all

0:47:24.280 --> 0:47:26.520
<v Speaker 5>the demronic sort of things that he says, that Joe

0:47:26.600 --> 0:47:29.200
<v Speaker 5>Biden is still pulling the way he is on the

0:47:29.239 --> 0:47:31.719
<v Speaker 5>economy in this environment. It's just crazy to me, and

0:47:31.719 --> 0:47:33.120
<v Speaker 5>I don't think it gets better from here.

0:47:33.200 --> 0:47:36.200
<v Speaker 1>So let's talk about the tight labor market for a minute.

0:47:36.360 --> 0:47:42.080
<v Speaker 1>Labor markets still tight. No immigration passed yet again, because

0:47:42.160 --> 0:47:45.480
<v Speaker 1>why legislate, I mean, what is the solve for that?

0:47:46.040 --> 0:47:49.920
<v Speaker 5>Well, the hard part here is that until they actually

0:47:50.200 --> 0:47:52.960
<v Speaker 5>get any credit for putting some policy in place, and

0:47:53.000 --> 0:47:55.719
<v Speaker 5>I know that they wanted to do this bipartisan deal

0:47:55.800 --> 0:47:58.480
<v Speaker 5>on the border, the border is the thing that's going

0:47:58.560 --> 0:48:00.480
<v Speaker 5>to actually get all that headline.

0:48:00.560 --> 0:48:04.440
<v Speaker 1>I mean, it'll get all the right wing headlines.

0:48:04.120 --> 0:48:06.600
<v Speaker 5>But it's crowding everything else out. And so when you

0:48:06.640 --> 0:48:09.040
<v Speaker 5>think about immigration, and you started talking about this as

0:48:09.040 --> 0:48:11.480
<v Speaker 5>it relates to unemployment, we're talking about that data, you

0:48:11.520 --> 0:48:13.960
<v Speaker 5>know what I mean, Like, look at the demographic problems

0:48:13.960 --> 0:48:16.640
<v Speaker 5>that a country like China has. They have over you know,

0:48:16.680 --> 0:48:19.760
<v Speaker 5>one point two billion people some estimates, by twenty fifty,

0:48:19.800 --> 0:48:22.560
<v Speaker 5>they're going to have eight hundred billion people. They have

0:48:22.640 --> 0:48:25.520
<v Speaker 5>a huge problem. So, like the whole idea that China

0:48:25.640 --> 0:48:28.320
<v Speaker 5>is our big advisary right now over the next few decades,

0:48:28.560 --> 0:48:31.040
<v Speaker 5>that just might not be the case. But fixing our

0:48:31.080 --> 0:48:34.239
<v Speaker 5>border in a bipartisan way, in a humanitarian way, you

0:48:34.280 --> 0:48:35.840
<v Speaker 5>know what I mean, And then doing the sorts of

0:48:35.880 --> 0:48:39.239
<v Speaker 5>things that I think Democrats want to do the way

0:48:39.280 --> 0:48:42.319
<v Speaker 5>that they view immigration, and you know, for you know,

0:48:42.400 --> 0:48:46.040
<v Speaker 5>our economic well being, we can't do that until we

0:48:46.120 --> 0:48:49.040
<v Speaker 5>fix the border. And that's obviously another place right or

0:48:49.040 --> 0:48:52.760
<v Speaker 5>wrong that this administration and the party in general, they

0:48:52.880 --> 0:48:53.840
<v Speaker 5>rank very poorly on.

0:48:54.000 --> 0:48:56.680
<v Speaker 1>I'm going to blow your mind here, which is you

0:48:56.800 --> 0:48:59.480
<v Speaker 1>know that the Republicans blow up the border?

0:48:59.480 --> 0:49:01.920
<v Speaker 5>Do you know that? But like when you think about

0:49:02.239 --> 0:49:04.600
<v Speaker 5>who are the people that are going to dictate who

0:49:04.680 --> 0:49:08.360
<v Speaker 5>wins this election in November, it's from four or five states.

0:49:08.440 --> 0:49:11.080
<v Speaker 5>We know the states very well, okay, we know the

0:49:11.120 --> 0:49:14.920
<v Speaker 5>economic sensibilities of those states. Again, you and I on

0:49:15.120 --> 0:49:18.520
<v Speaker 5>Fast Politics or whatever, we have these sorts of conversations

0:49:18.520 --> 0:49:20.960
<v Speaker 5>among the people that we generally agree with. We can

0:49:21.040 --> 0:49:22.640
<v Speaker 5>talk about it until we're blue in the face. But

0:49:22.680 --> 0:49:24.560
<v Speaker 5>I'll tell you this, I'm gonna blow your mind. A

0:49:24.560 --> 0:49:27.319
<v Speaker 5>lot of very left leaning people that I speak to

0:49:27.640 --> 0:49:30.040
<v Speaker 5>who are in business or in Wall Street or or

0:49:30.080 --> 0:49:34.480
<v Speaker 5>related industries who actually vote against their economic best interests

0:49:34.480 --> 0:49:37.799
<v Speaker 5>for social reasons as it comes to democratic politics, are

0:49:37.920 --> 0:49:40.520
<v Speaker 5>really freaking worried right now. Okay, And I don't think

0:49:40.560 --> 0:49:43.600
<v Speaker 5>there's enough of that you know, trepidation in the public

0:49:43.800 --> 0:49:46.800
<v Speaker 5>scene right now among Democrats. I think it's a huge problem.

0:49:46.880 --> 0:49:48.960
<v Speaker 5>So we're all gonna sit here and make ourselves feel

0:49:49.000 --> 0:49:52.520
<v Speaker 5>better about like how we align on certain social issues,

0:49:52.520 --> 0:49:55.200
<v Speaker 5>how we align on geopolitical issues. But we're going to

0:49:55.280 --> 0:49:57.760
<v Speaker 5>lose this election. Okay, we're going to lose this election

0:49:58.160 --> 0:50:00.319
<v Speaker 5>if we really don't get our act together, become a

0:50:00.320 --> 0:50:02.800
<v Speaker 5>bit more vocal about some of these really important points

0:50:02.800 --> 0:50:05.880
<v Speaker 5>that I don't think between now and November they're going

0:50:05.960 --> 0:50:08.479
<v Speaker 5>to rank better on the economy. I don't think they're

0:50:08.480 --> 0:50:11.240
<v Speaker 5>going to rank better on the war in gozep between

0:50:11.239 --> 0:50:14.040
<v Speaker 5>now in November. And you can talk to about to

0:50:14.080 --> 0:50:16.120
<v Speaker 5>me about gun control, you can talk to me about

0:50:16.120 --> 0:50:18.400
<v Speaker 5>abortion and all those sorts of things that they have

0:50:18.440 --> 0:50:21.680
<v Speaker 5>won elections on over the last few cycles, and they're

0:50:21.680 --> 0:50:24.000
<v Speaker 5>not going to matter this time because these other ones

0:50:24.040 --> 0:50:25.800
<v Speaker 5>are going to be more important, and it's going to

0:50:25.840 --> 0:50:28.680
<v Speaker 5>be in my opinion, it's about messaging and it's about

0:50:28.719 --> 0:50:29.720
<v Speaker 5>choosing the right fighters.

0:50:29.880 --> 0:50:32.520
<v Speaker 1>So you're getting this off polls, well, you tell me.

0:50:32.760 --> 0:50:35.439
<v Speaker 1>I mean, I just saw New York's third district where

0:50:35.480 --> 0:50:38.479
<v Speaker 1>Democrats won by eight points. It was this sixteen points

0:50:39.120 --> 0:50:41.640
<v Speaker 1>in Nassau County. It was a Republican seat.

0:50:41.760 --> 0:50:43.360
<v Speaker 5>They never should have lost that seat.

0:50:44.520 --> 0:50:47.359
<v Speaker 1>You can Monday Morning Gorter Rag And in fact, when

0:50:47.400 --> 0:50:50.960
<v Speaker 1>you listen to the voter interviews, the voters were One

0:50:51.000 --> 0:50:52.959
<v Speaker 1>of the things Swazi did, which I think is quite

0:50:52.960 --> 0:50:56.080
<v Speaker 1>smart and Democrats need to do, is he said there

0:50:56.160 --> 0:51:00.319
<v Speaker 1>was a border deal. The reason why you believe and

0:51:00.600 --> 0:51:03.480
<v Speaker 1>a lot of New York people believe that migration even

0:51:03.480 --> 0:51:05.760
<v Speaker 1>though it's down for the last two months, but okay,

0:51:06.200 --> 0:51:10.239
<v Speaker 1>is because the Republican governor from Texas is busing migrants

0:51:10.280 --> 0:51:14.000
<v Speaker 1>into New York City, and the New York Post, which

0:51:14.040 --> 0:51:17.440
<v Speaker 1>is owned by Rupert Murdoch, who is a reactionary fascist

0:51:17.440 --> 0:51:21.760
<v Speaker 1>and who would die for another Trump presidency, is running

0:51:21.840 --> 0:51:24.400
<v Speaker 1>pictures of migrant crime all the time. So I go

0:51:24.440 --> 0:51:26.560
<v Speaker 1>to my dermatologist and she says, what are they going

0:51:26.640 --> 0:51:29.959
<v Speaker 1>to do about the migrants because we have a manufactured

0:51:30.000 --> 0:51:34.200
<v Speaker 1>bomb here. Fine, okay, tight labor market. So I have

0:51:34.400 --> 0:51:38.400
<v Speaker 1>complicated feelings about demonizing a group of people desperate for

0:51:38.560 --> 0:51:41.800
<v Speaker 1>a better life, like our grandparents and great grandmars. But okay,

0:51:41.800 --> 0:51:45.600
<v Speaker 1>but I'm just saying, if you look at what Swazi did,

0:51:45.640 --> 0:51:49.000
<v Speaker 1>which was smart and is A really good template was

0:51:49.080 --> 0:51:52.160
<v Speaker 1>he went to voters and he said, look, Democrats made

0:51:52.200 --> 0:51:55.600
<v Speaker 1>all these compromises to get a border deal. Donald Trump

0:51:56.080 --> 0:51:59.239
<v Speaker 1>told Speaker Mike Johnson not to take the deal. And

0:51:59.440 --> 0:52:02.120
<v Speaker 1>there is no orderdale and so these people have no

0:52:02.280 --> 0:52:04.839
<v Speaker 1>path to make money. There is no legal way for

0:52:04.920 --> 0:52:08.760
<v Speaker 1>them to earn money. They cannot pay Social Security taxes,

0:52:09.120 --> 0:52:11.600
<v Speaker 1>they cannot work, and so they live on the doll.

0:52:11.719 --> 0:52:15.080
<v Speaker 5>Yeah, listen, iimus is sympathetic to all of that. Okay,

0:52:15.160 --> 0:52:16.919
<v Speaker 5>Like I live in New York City, I see what's

0:52:16.960 --> 0:52:19.120
<v Speaker 5>going on. I give to a whole host of things,

0:52:19.160 --> 0:52:20.680
<v Speaker 5>you know what I mean, And I try to be

0:52:21.280 --> 0:52:22.719
<v Speaker 5>extremely empathetic to all that.

0:52:22.840 --> 0:52:25.239
<v Speaker 1>So you don't even need to be sympathetic. This is

0:52:25.320 --> 0:52:28.480
<v Speaker 1>economic sense to have people work in the labor market.

0:52:28.680 --> 0:52:30.200
<v Speaker 5>You and I are on the same page. But what

0:52:30.239 --> 0:52:32.480
<v Speaker 5>I'm saying is is, like we have the potential to

0:52:32.520 --> 0:52:35.040
<v Speaker 5>maybe win back the House, the potential to hold the Senate,

0:52:35.160 --> 0:52:37.960
<v Speaker 5>right but like the strong potential or the probability right

0:52:38.000 --> 0:52:40.480
<v Speaker 5>now is that we lose the White House, and we

0:52:40.640 --> 0:52:42.839
<v Speaker 5>know what's going to happen. He didn't give a crap

0:52:42.880 --> 0:52:45.640
<v Speaker 5>who owns what House or the Senate. Like things are

0:52:45.640 --> 0:52:47.720
<v Speaker 5>going to get really nasty here. And so my point

0:52:47.800 --> 0:52:51.040
<v Speaker 5>is really happy about this, you know, special election. He's

0:52:51.040 --> 0:52:53.799
<v Speaker 5>going to have to run again in November, right like

0:52:54.080 --> 0:52:57.800
<v Speaker 5>then we need more people voicing those sorts of messages

0:52:58.000 --> 0:53:00.000
<v Speaker 5>in a way that that's kind of relating to the people. Listen.

0:53:00.040 --> 0:53:01.920
<v Speaker 5>I live in New York City. I canceled the New

0:53:01.960 --> 0:53:04.440
<v Speaker 5>York Post in twenty sixteen. You know, I read the

0:53:04.480 --> 0:53:06.400
<v Speaker 5>Wall Street Journal. I don't read the page, but I

0:53:06.440 --> 0:53:08.399
<v Speaker 5>read the New York Times. Read the same things that

0:53:08.480 --> 0:53:11.239
<v Speaker 5>you do, right like every morning, and I don't read

0:53:11.400 --> 0:53:14.200
<v Speaker 5>the ruper burdock crap. It is busting through you know

0:53:14.239 --> 0:53:17.120
<v Speaker 5>what I mean? Oh yeah, Bubble, I agree with No.

0:53:17.120 --> 0:53:19.680
<v Speaker 1>No, it's a good point. Thank you so much. I

0:53:19.680 --> 0:53:21.759
<v Speaker 1>didn't mean to be combative.

0:53:22.000 --> 0:53:23.640
<v Speaker 5>No, I love it. Let me tell you something. I'll

0:53:23.719 --> 0:53:26.680
<v Speaker 5>leave you with this. Okay, if we on this side

0:53:26.960 --> 0:53:29.400
<v Speaker 5>don't have these sorts of battles right now, we are

0:53:29.520 --> 0:53:31.319
<v Speaker 5>literally going to be in for it, man. Because if

0:53:31.320 --> 0:53:35.120
<v Speaker 5>you thought twenty seventeen, eighteen, nineteen twenty and into early

0:53:35.200 --> 0:53:36.719
<v Speaker 5>twenty one were bad, just wait.

0:53:36.960 --> 0:53:39.120
<v Speaker 1>No, and I agree. And the truth is like the

0:53:39.239 --> 0:53:42.040
<v Speaker 1>road to Hillary Clinton losing was filled with a lot

0:53:42.080 --> 0:53:43.040
<v Speaker 1>of smugness.

0:53:43.239 --> 0:53:45.319
<v Speaker 5>Yeah. I talked to a lot of people like you, Molly,

0:53:45.360 --> 0:53:47.920
<v Speaker 5>who have big voices in bullhorns and the like, and

0:53:48.000 --> 0:53:51.400
<v Speaker 5>everybody has just coalesced around the fact that this is

0:53:51.440 --> 0:53:53.759
<v Speaker 5>the team. It's Biden Harris and I get it. There's

0:53:53.800 --> 0:53:56.000
<v Speaker 5>not this you know, you can't challenge them. You're never

0:53:56.040 --> 0:53:58.200
<v Speaker 5>going to have a future in the Democratic Party. The

0:53:58.280 --> 0:54:01.600
<v Speaker 5>DNC's rigged it. There's not you know, primary apparatus in place.

0:54:01.880 --> 0:54:03.840
<v Speaker 5>But man, if this guy you know, trips over a

0:54:03.880 --> 0:54:07.520
<v Speaker 5>podium like his, I guess Defense secretary and his immobilized,

0:54:07.520 --> 0:54:10.279
<v Speaker 5>I mean, its lights out because Kamala Harris at the

0:54:10.280 --> 0:54:12.479
<v Speaker 5>top of the ticket, that's not winning. And you tell

0:54:12.520 --> 0:54:15.600
<v Speaker 5>me how you get a you know, Gavin Newsom Witner

0:54:15.680 --> 0:54:17.879
<v Speaker 5>ticket that dog hunts. I'm just telling you that Doug

0:54:18.000 --> 0:54:20.840
<v Speaker 5>hunts right now. But listen, I'm going off here. But

0:54:20.920 --> 0:54:23.359
<v Speaker 5>I think more people need to start to speak up

0:54:23.400 --> 0:54:25.520
<v Speaker 5>and figure out what a plan be is because we're

0:54:25.719 --> 0:54:28.240
<v Speaker 5>right about ready to be in a very difficult situation

0:54:28.320 --> 0:54:31.359
<v Speaker 5>and not so distant future. Thank you, Dan, all right,

0:54:31.360 --> 0:54:32.400
<v Speaker 5>MOLLI seea thanks.

0:54:34.120 --> 0:54:39.280
<v Speaker 1>No moment Jesse Cannon Hi jug fast.

0:54:39.320 --> 0:54:41.359
<v Speaker 5>There is a lot of exciting clips coming out of

0:54:41.400 --> 0:54:43.680
<v Speaker 5>the Fanny Willis trial today, what'd you see here?

0:54:44.000 --> 0:54:47.520
<v Speaker 1>I'm enraged about this trial. First of all, it's not

0:54:47.600 --> 0:54:50.480
<v Speaker 1>a trial, it's a hearing. The Republicans are trying to

0:54:50.480 --> 0:54:55.120
<v Speaker 1>get Fanny Willis. The Fulton County DA kicked off of

0:54:55.160 --> 0:55:00.560
<v Speaker 1>this case because she had before the indictment data. One

0:55:00.640 --> 0:55:03.120
<v Speaker 1>of the lawyers on the case, by the way, she's

0:55:03.200 --> 0:55:07.200
<v Speaker 1>no longer with him. And it was an entire four

0:55:07.320 --> 0:55:11.000
<v Speaker 1>or five six hours, a bunch of hours of them

0:55:11.040 --> 0:55:16.640
<v Speaker 1>trying to sully her and imply that she was somehow

0:55:16.680 --> 0:55:20.399
<v Speaker 1>doing something improper. It was like yet another time when

0:55:20.400 --> 0:55:24.719
<v Speaker 1>I've watched Maga World try to target a woman, in

0:55:24.760 --> 0:55:28.240
<v Speaker 1>this case, a woman of color with like a low,

0:55:28.800 --> 0:55:33.840
<v Speaker 1>sleeezy innuendo, and it's funny because it's like, it's not funny,

0:55:33.840 --> 0:55:37.640
<v Speaker 1>it's infuriating. But if you think about it, the Republicans,

0:55:38.040 --> 0:55:41.120
<v Speaker 1>this is all in service to one Donald J. Trump,

0:55:41.280 --> 0:55:44.759
<v Speaker 1>who in fact did pay a porn star when his

0:55:44.880 --> 0:55:48.200
<v Speaker 1>third wife was pregnant so that she would not rat

0:55:48.320 --> 0:55:51.919
<v Speaker 1>him out during his run for president. I mean, all

0:55:51.960 --> 0:55:56.680
<v Speaker 1>of the CD innuendo, all of the sleazy crap that

0:55:56.840 --> 0:56:00.960
<v Speaker 1>these lawyers are trying to pin on this woman because

0:56:01.000 --> 0:56:05.040
<v Speaker 1>she wants to hold Donald Trump accountable. Well, all that stuff,

0:56:05.160 --> 0:56:08.279
<v Speaker 1>by the way, Donald Trump did it. So to sit

0:56:08.320 --> 0:56:12.640
<v Speaker 1>there and watch really a professional, smart woman, who with

0:56:12.719 --> 0:56:16.320
<v Speaker 1>a really accomplished career, who had had all of these

0:56:16.680 --> 0:56:22.680
<v Speaker 1>very accomplished jobs be sullied by these disgusting lawyers in

0:56:22.800 --> 0:56:26.239
<v Speaker 1>service to Donald Trump, it gave me real flashbacks to

0:56:26.760 --> 0:56:29.560
<v Speaker 1>some of the many, many times we've seen Trump sick

0:56:29.600 --> 0:56:33.120
<v Speaker 1>of fans do disgusting things to women in the name

0:56:33.120 --> 0:56:36.719
<v Speaker 1>of Donald Trump, and those fuckers they're my moment of fuckery.

0:56:37.800 --> 0:56:41.120
<v Speaker 1>That's it for this episode of Fast Politics. Tune in

0:56:41.200 --> 0:56:44.400
<v Speaker 1>every Monday, Wednesday, and Friday to hear the best minds

0:56:44.400 --> 0:56:47.640
<v Speaker 1>in politics makes sense of all this chaos. If you

0:56:47.760 --> 0:56:50.440
<v Speaker 1>enjoyed what you've heard, please send it to a friend

0:56:50.480 --> 0:56:54.040
<v Speaker 1>and keep the conversation going. And again, thanks for listening.