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

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Speaker 1: and we here at breaking points, are already thinking of

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

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

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

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Speaker 3: Coverage that is possible.

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

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Speaker 2: the absolute world to have your support. But enough with that,

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Speaker 2: let's get to the show. Good morning, everybody, Happy Thursday.

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Speaker 2: We have an amazing show for everybody today. What do

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Speaker 2: we have, Crystal, and indeed we do.

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Speaker 1: Wall Street Journal published a piece about Biden's age, and boy,

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Speaker 1: oh boy, there were some upset liberals morning Joe freaking

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Speaker 1: out Holsworth, I'll meltdown. Is interesting. The whole thing is interesting.

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Speaker 1: We've also got a look at Trump's shortlists for VP.

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Speaker 1: Kind of an interesting list there too, so we'll dig

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Speaker 1: into that. A new survey has revealed that the number

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Speaker 1: one policy priority for gen z is housing affordability, something

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Speaker 1: we have been covering here quite a bit but does

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Speaker 1: not get nearly enough tension here in Washing.

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Speaker 4: We also have an interesting story for you.

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Speaker 1: So a remote tribe was given starlink and gained internet access,

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Speaker 1: and it's not going so well. A lot of revealing

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Speaker 1: things about what you know, internet does to us, some

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Speaker 1: modern society, and new research about our children's brains, and

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Speaker 1: all kinds of stuff to get into there. We also

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Speaker 1: have some very serious news coming out of Israel and

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Speaker 1: the Gaza Strip, in particular New York Times revealing that

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Speaker 1: the Israeli governments behind an influence up targeting American lawmakers.

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Speaker 1: This comes as we are just waking up to additional

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Speaker 1: carnage in the Gaza Strip. Another Israeli airstrike targeting a school,

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Speaker 1: dozens of Palestinians dead.

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Speaker 4: A lot going on there to get into.

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Speaker 1: Meanwhile, Columbia Law Review they published a single pro Palestinian

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Speaker 1: article and the board was so upset that they killed

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Speaker 1: the entire website, not a joke, took down the entire

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Speaker 1: website because of this one article. So we have a

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Speaker 1: fantastic guest in to talk to all of that.

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Speaker 2: Yes, right before we get to any of that, we

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Speaker 2: have an amazing counterpoints debate that is going to come

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Speaker 2: for everybody, for the public tomorrow, for premium describers tonight.

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Speaker 3: It is about the Trump trial.

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Speaker 2: We've got a maga lawyer versus somebody who's defending the case.

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Speaker 2: So if you want to actually look into both the

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Speaker 2: legal details, because they do argue on that front, but

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Speaker 2: also politically, you want to go ahead and subscribe. It's

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Speaker 2: going to be great television Breakingpoints dot com. Also just

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Speaker 2: for everybody in general, for any other question, support at

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Speaker 2: locals dot com.

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Speaker 3: If for every issues with your account.

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Speaker 2: Now, as Chrystal said, the Wall Street Journal really poked

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Speaker 2: the hornet's nest here by reporting the most obvious story

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Speaker 2: in the world. Let's put it up there on the screen.

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Speaker 2: Behind closed doors, Biden shows signs of slipping.

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Speaker 4: Wow.

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Speaker 3: Really, just behind closed doors, it's the only place.

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Speaker 2: Participants in meetings said that the eighty one year old

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Speaker 2: president performed poorly at times. The White House said Biden

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Speaker 2: is sharp and his critics are playing partisan politics. Now,

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Speaker 2: I encourage everybody to read this. It's a couple thousand words.

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Speaker 2: What they do is they have compiled this piece for

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Speaker 2: three separate meetings focusing on Ukraine AID, on debt sealing

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Speaker 2: AID or sorry enough, previous economic negotiations, and others that

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Speaker 2: compile in concrete terms, how and when the exact circumstances

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Speaker 2: of Biden kind of losing it manifest themselves in private meetings,

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Speaker 2: because that's always been the span. Yeah, and public he

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Speaker 2: may lose his step every once in a while, but

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Speaker 2: he's sharp, he's there.

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Speaker 4: He's a dynamo behind he tell you he is a

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Speaker 4: dynamo and there.

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Speaker 2: I mean, really, what comes through here is just the

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Speaker 2: Pravda esque nature of how they want to deny reality.

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Speaker 2: For example, forty one people, as I said, were interviewed

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Speaker 2: for this piece, including many Democratic lawmakers who share details

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Speaker 2: and recordings, and in fact, one of those congressmen, Representative

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Speaker 2: Gregory Meeks, was explicitly told after the White House was

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Speaker 2: told that he had been interviewed by the Wall Street

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Speaker 2: Journal to call back the reporter and just say, you know,

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Speaker 2: I should just give you a callback, According to Representative

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Speaker 2: Gregory Meeks, so why House wanted me to set the

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Speaker 2: record straight.

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Speaker 4: Yeah.

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Speaker 2: They also had people like Hakeen Jeffries, the House Minority Leader,

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Speaker 2: give quotes like this quote, Biden is incredibly strong, forceful,

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Speaker 2: and decisive. I mean, this is like North Korea level propaganda,

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Speaker 2: and I think we have that.

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Speaker 1: Yeah, they they dis closed, they say after the offices

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Speaker 1: of several Democrats aired with the White House are recording

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Speaker 1: or details about what was asking our interviews. Some of

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Speaker 1: those lawmakers spoke to the journal a second time and

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Speaker 1: once again emphasized Biden's strength. So the White House was like, wait,

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Speaker 1: what are they asking you about? You need to call

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Speaker 1: them back and tell tell them just how amazing he is,

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Speaker 1: and you know, be more strident in your defense of him.

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Speaker 4: So very clear what's going on here?

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Speaker 1: I mean, okay, so none of this will be a

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Speaker 1: surprise to anyone with eyeballs and years who've been watching

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Speaker 1: Joe Biden. Some of the details just to give you

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Speaker 1: a sense of what they're reporting behind closed doors. They

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Speaker 1: lead the piece by saying, when President Biden met with

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Speaker 1: congressional leaders in the West Wing in January to negotiate

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Speaker 1: a Ukraine funding deal, he spoke so softly at times that

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Speaker 1: some participants struggled to hear him. That's something you see

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Speaker 1: repeated a couple times in this piece. In various meetings.

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Speaker 1: According to five people familiar with the meeting, he read

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Speaker 1: from notes to make obvious points, paused for extended periods,

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Speaker 1: and sometimes closed his eyes for so long that some

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Speaker 1: in the room wondered whether he had tuned down.

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Speaker 4: There were other anecdotes.

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Speaker 1: Mike Johnson was involved in one where he seemed to

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Speaker 1: not grasp of the details of his own policy. What

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Speaker 1: is described overall is what they call a quote unquote unevenness.

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Speaker 1: So it's not that he's one hundred percent adult one

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Speaker 1: hundred percent of the time. Sometimes he appears sharp, and

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Speaker 1: sometimes he appears, as he reportedly did in this meeting,

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Speaker 1: where he's kind of out of it and he's really

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Speaker 1: reliant on note cards and defers to everyone in the room.

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Speaker 4: You aren't even sure whether he's awake or asleep.

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Speaker 1: His speech is very difficult to understand, both because it's

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Speaker 1: soft and also because he fails to annunciate. You get

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Speaker 1: the same defenses from the White House as oh, way,

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Speaker 1: this is nonsense. You know, they actually what a great

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Speaker 1: job he's doing as President of the United States. They

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Speaker 1: also go back to his speech impediment, the stutter. The

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Speaker 1: one thing I'll say so what opened this piece up

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Speaker 1: for criticism from liberals is the fact that they couldn't

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Speaker 1: get any Democrats on the record to say this. So

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Speaker 1: all of the on the record comments are from like

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Speaker 1: Kevin McCarthy and Mike Johnson and other Republicans, and so

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Speaker 1: that's what opened this piece up to the criticism that

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Speaker 1: it was like a partisan hit job. But the other

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Speaker 1: thing that's funny to me, saga is that we go

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Speaker 1: through these periods of time that it's like, there's certain

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Speaker 1: moments when you're allowed to say these things out loud.

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Speaker 4: Remember there was a moment.

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Speaker 1: A little while ago after the report came out, and

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Speaker 1: you know, Biden was this like adult old man, and

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Speaker 1: they're saying, I don't even know if you can prosecute

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Speaker 1: this guy, because the jurists is going to think he

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Speaker 1: doesn't really know what's going on.

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Speaker 4: And none of this was intentional.

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Speaker 1: There was a moment there where there was some elite

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Speaker 1: ability as reclined, et cetera, to say these things out loud.

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Speaker 1: And now that window has once again closed and the

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Speaker 1: ranks have been closed once again. You know, it's very

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Speaker 1: clear Biden is not going anywhere. He's not being replaced.

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Speaker 1: So we're once again in a place where you are

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Speaker 1: not allowed to say these things that are patently obvious

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Speaker 1: to probably ninety percent of.

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Speaker 3: A enters extraordinarily well said.

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Speaker 2: It's like this constant oscillation between he's too old, we

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Speaker 2: got to replace him. Actually, no, he's completely fine, as

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Speaker 2: opposed to the best defense you could really muster is

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Speaker 2: his name is not Donald Trump, and he's fine.

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Speaker 3: He's fine ish. That's basically it.

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Speaker 2: But Biden is such a incredible egomaniac that any suggestion

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Speaker 2: that he's lost any step whatsoever is met with the

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Speaker 2: full fury of the White House. In that Time magazine

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Speaker 2: interview that we spoke about on Tuesday, they ask him,

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Speaker 2: can an eighty five year old really do the job

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Speaker 2: of president? And he was just like, He's like, I

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Speaker 2: could do it better than you. He's like, I could

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Speaker 2: take you. Like, looking across at these two like mid

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Speaker 2: forties journalists, that's just obviously not true. I mean again,

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Speaker 2: he's asking us to deceive, you know, to not believe

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Speaker 2: our eyes. Like that's basically what is being as it's

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Speaker 2: again nineteen eighty four Pravda level. And then speaking of

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Speaker 2: Pravda and of state media and propaganda, you have regime

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Speaker 2: apparatchicks basically Morning Joe here, Mika and Joe Scarborough absolutely

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Speaker 2: losing their minds over this Wall Street journal story.

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Speaker 5: Let's take a listen, people around Mike Johnson and admit

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Speaker 5: that this was basically House Republicans whacking.

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Speaker 4: Why didn't they just ask Marjorie Taylor.

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Speaker 5: Green Well exactly why didn't Yeah, they could, Lauren Bobert.

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Speaker 5: You see about those guys right there. I've spent time

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Speaker 5: with both of those guys privately. I've spent time with

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Speaker 5: Biden and Trump. Privately, I've spent time with every House

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Speaker 5: speaker over the past thirty years. And Joe Biden, I'm

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Speaker 5: not just it's just not close. If you want to

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Speaker 5: talk about international affairs, if you want to talk about

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Speaker 5: how to get bipartisan legislation, Joe Biden is light years

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Speaker 5: ahead of all of them. And I could also talk

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Speaker 5: about what the French delegation said when they were negotiating

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Speaker 5: with him, and what they told me and friends that

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Speaker 5: I have in that French delegation who are part of

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Speaker 5: those negotiations, who said that mccrawan came out like, wow, okay,

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Speaker 5: it's a lot tougher than we expected. And actually I

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Speaker 5: think mccrawn sort of got his back up because Biden

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Speaker 5: was pressing so hard. I can tell you the same

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Speaker 5: thing about Middle Eastern leaders that I talked to. Nobody's

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Speaker 5: saying he's not coaching. Some people are suggesting that he

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Speaker 5: he you know, it's a bit too tough in negotiations,

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Speaker 5: that the United States throws their weight around a little

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Speaker 5: bit too much.

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Speaker 2: Oh wow, the French said that he's good Crystal barely

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Speaker 2: is the sharpest tack in the history of France.

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Speaker 1: Again Dynamo behind closed doors, like okay, well, you know,

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Speaker 1: maybe let us see it.

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Speaker 4: Sometimes I want to.

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Speaker 2: Address the Republican thing too, because it's like you said, yeah,

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Speaker 2: you know why they have to rely on Republican on

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Speaker 2: the record quotes because.

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Speaker 3: The Democrats won't call on the record say what's actually

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Speaker 3: going on?

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Speaker 2: Yeah, and again, to actually be very fair to the

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Speaker 2: journal they even quoted Republicans who defended him, really elderly

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Speaker 2: senators who said, no, yeah, actually what you see is

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Speaker 2: what you get. He's okay, you know, he's sharp, not

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Speaker 2: sharp as attack. But they defended him saying, I've never

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Speaker 2: been in a meeting with him where I didn't think

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Speaker 2: that he didn't one percent have what it takes. So

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Speaker 2: what they're upset about is the very concrete examples. Kevin

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Speaker 2: McCarthy maybe being the best one. Is he a partisan guy, absolutely,

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Speaker 2: but he's like listen, I used to meet with him

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Speaker 2: when he was vice president eight years ago. I went

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Speaker 2: over to his house all the time, and in fact,

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Speaker 2: he's always had this reliance on note cards.

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Speaker 3: And by the way, I love that.

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Speaker 2: That's the defense is that, oh no, he's always been

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Speaker 2: a scripted buffoon, being told exactly what to say by

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Speaker 2: his aides or and nowadays, whenever I meet with him,

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Speaker 2: I am honestly shocked at his diminishment. They also talk

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Speaker 2: about in many of those meetings where, like you highlighted

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Speaker 2: from the story.

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Speaker 3: He doesn't take a commanding role.

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Speaker 2: He'll very frequently just defer to a lot of the

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Speaker 2: people around him. And again they just say, this is

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Speaker 2: standard operating procedure. Even if that's a young and healthy president.

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Speaker 3: That worries me.

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Speaker 2: I don't necessarily want a person who doesn't have a

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Speaker 2: lot of thoughts, who is not driving the meeting, who's

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Speaker 2: constantly deferring to his advisors. You are the elected president

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Speaker 2: of the United States. So even their own defense, it

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Speaker 2: just doesn't pass a smell test on any of this.

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Speaker 1: There's a few other things, So to be honest with you,

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Speaker 1: I think if people felt like the economy was great,

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Speaker 1: they wouldn't really care that much about Biden's age even

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Speaker 1: if they had a sense of like, yeah, maybe sometimes

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Speaker 1: in meetings he's not what he as sharp as he

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Speaker 1: used to be, or sometimes he has these moments, or

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Speaker 1: he's not as forceful, you know, when he's giving a speech,

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Speaker 1: et cetera. I think if people felt like the administration

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Speaker 1: had delivered for them and had been effective then and

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Speaker 1: was in control both on domestic policy and on foreign policy,

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Speaker 1: I think that they would be able to overlook these things.

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Speaker 1: But when you have a sense both that Okay, my

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Speaker 1: personal finances things are not going well.

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Speaker 4: And I don't have confidence you're the guy.

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Speaker 1: That's going to be able to get it together to

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Speaker 1: write the ship, that's when it becomes really a really

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Speaker 1: difficult combination.

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Speaker 4: And we should also say too, and people.

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Speaker 1: Were pointing this down, I won't be the only one

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Speaker 1: that you know, Biden really he didn't fully commit to this,

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Speaker 1: but he really suggested when he was running for president

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Speaker 1: in twenty twenty that he may be a one term

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Speaker 1: president that he would be, you know, the bridge to

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Speaker 1: the next generation. So it wasn't just us or the

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Speaker 1: American people were like, you know, that's really an advanced

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Speaker 1: age to be holding this incredibly powerful, incredibly demanding job.

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Speaker 1: He himself was basically suggesting that when he was running

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Speaker 1: back in twenty twenty one. Other thing I want to

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Speaker 1: address is, you know, part of what Biden's advocates and

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Speaker 1: what Joe Scarborough here are saying is like, well, just

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Speaker 1: look at the results, look at how effective he's been,

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Speaker 1: and he shouts down in particular foreign policy, and how

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Speaker 1: amazing and incredible. It's like, what country do you live

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Speaker 1: and what world do you live in? Do you see

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Speaker 1: the way that he's just sort of careening from humiliation

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Speaker 1: to humiliation when it comes to the Middle East in particular,

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Speaker 1: when it comes to Israel in particular.

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Speaker 4: I mean, his own.

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Speaker 1: Aids have basically acknowledged, he's basically acknowledged that the Bear

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Speaker 1: hug Net Yahoo strategy was an utter and complete failure,

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Speaker 1: failure every single quote unquote red line, none of them,

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Speaker 1: of course, which were actually red lines, but all of

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Speaker 1: the concerns that were expressed, all of the tough conversations

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Speaker 1: that were being had behind the scenes, none of them

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Speaker 1: amounted to jack shit. So how can you look at

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Speaker 1: that and say, oh, this is so effective and he's

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Speaker 1: so commanding, and he's so in charge, and this is

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Speaker 1: going so well.

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Speaker 4: So you know, just on every.

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Speaker 1: Level, it's gaslighting, it's asking people to not believe what

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Speaker 1: they see in front of their eyes, and it's also

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Speaker 1: paying an incredibly different portrait of the record itself. Which

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Speaker 1: again I think if the record was effective and people

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Speaker 1: felt like he was delivering for them, his administration was

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Speaker 1: delivering for them, Yeah, I think they would be willing

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Speaker 1: to overlook these things. But when you put the two together,

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Speaker 1: that's when you end up with a very dire reelection landscape.

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Speaker 2: Absolutely no, it's very well said, and you know, with

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Speaker 2: what we see in terms of the public and in

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Speaker 2: the private, it is clearly a man who is not

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Speaker 2: fully in control, or whenever he is in control, does

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Speaker 2: so at the whims of his emotions, which this is

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Speaker 2: one of those where it's not even necessarily him being old.

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Speaker 2: What they always say about being old is it just

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Speaker 2: makes me more of who you already are. He's always

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Speaker 2: been that way, this stubborn guy that's always been from

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Speaker 2: the very beginning.

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Speaker 3: Of his career.

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Speaker 2: Let's put this up there on the screen, as we

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Speaker 2: can continue to see here with Joe Scarborough, he says,

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Speaker 2: I have spent a good time talking to Kevin McCarthy

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Speaker 2: through the years and hours of Biden in twenty twenty four,

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Speaker 2: There is no comparison. Biden is far sharper, more intellectually curious,

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Speaker 2: and far more insightful on global affairs than any house

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Speaker 2: GOP speaker I have met in over thirty years. It's

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Speaker 2: just again, he wants us to believe fake version of

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Speaker 2: who the man that we can all see in front

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Speaker 2: of our eyes is. And funnily enough, whenever it comes

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Speaker 2: to the American people, they can see right through it too.

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Speaker 3: Now I definitely agree with you.

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Speaker 2: If the economy is doing better, I actually think it'd

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Speaker 2: be okay because people will be like, yeah, whatever. You know,

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Speaker 2: Reagan was old, we reelected him, everything was fine. But

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Speaker 2: let's put this up there on the screen when things

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Speaker 2: are not going well and you're banking on everyone just

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Speaker 2: saying but Trump, but Trump, but Trump. Really, what you

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Speaker 2: see is that Trump versus Biden. The conviction so far

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Speaker 2: is not having a big impact yet. This is from

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Speaker 2: New York Magazine in their review of a few of

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Speaker 2: the polls that have come out since the conviction of

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Speaker 2: Donald Trump has come forward. You've seen a slight movement,

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Speaker 2: maybe two points or so. That's been very temporary, but overall,

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Speaker 2: the big promise of the convicted felon really moving everything

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Speaker 2: has just not materialized.

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Speaker 3: It. Over and over and over and over again.

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Speaker 2: We see a consistent thing in all of the national

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Speaker 2: polling is specifically a lot of the voters Democrats I

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Speaker 2: supposedly care about young people, black people, and Hispanics, they're like, look, Trump, yeah,

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Speaker 2: he's an asshole. In fact, many of them agree that

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Speaker 2: he should have been convicted. They agree with the conviction,

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Speaker 2: and they still say, but I think that he represents

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Speaker 2: some sort of major change, and the economy is just

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Speaker 2: not very good under Biden. So a lot of this

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Speaker 2: is coming back or reverting to the fundamentals, which Biden

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Speaker 2: was really the greatest beneficiary of not having any real

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Speaker 2: fundamental Elections twenty twenty was a crazy year for a

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Speaker 2: variety of reasons, mostly because of COVID twenty twenty two,

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Speaker 2: the same thing he got the great abortion bump and

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Speaker 2: defied history. But you know, the only question is, is

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Speaker 2: like that really that tail and effect is that really

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Speaker 2: going to hang on here? I still think there's a chance,

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Speaker 2: but not nearly. Is one a good as it used

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Speaker 2: to be?

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Speaker 3: Yeah?

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Speaker 1: I would, I would say that's the case. Put up

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Speaker 1: eight eight guys these screenshots with the voter comment this

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Speaker 1: is so funny because it just shows you, like, you know,

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Speaker 1: as much as we try to get in the head

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Speaker 1: of the average voter, you can never get in the

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Speaker 1: head of the average voter.

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Speaker 4: They are their own that they have their own love

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Speaker 4: view of the world. And I genuinely love this.

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Speaker 1: So this was a frank once moderated focus group post

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Speaker 1: Trump conviction, and we've got this guy Ben. He's forty two,

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Speaker 1: he's from Texas, he's white, he's a college advisor. And

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Speaker 1: there were a few a few comments he made that

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Speaker 1: people were taking note of with regards to the conviction.

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Speaker 1: So one of them, he says, listen of the Stormy

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Speaker 1: Daniel stuff. We're all regular people with regular jobs. If

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Speaker 1: any of us all did like one thousands of what

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Speaker 1: this guy did for being on trial, the financial stuff

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Speaker 1: that forms the bribes and meeting with people, we all

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Speaker 1: would have been fired. True, we all would have been

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Speaker 1: out on our butts applying for jobs at grocery stores

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Speaker 1: or driving uber or whatnot. You're saying it's all like

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Speaker 1: a political theater in farce and whatnot. But he was

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Speaker 1: having an affair with a porn star, and not a

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Speaker 1: particularly attractive one at that. There are so many wonderful

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Speaker 1: porn stars out there, So the first comment is about, like, really,

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Speaker 1: this porn star or other, so much better porn stars

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Speaker 1: out there for you to have an affair with. But

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Speaker 1: that's not all from Ben So talks about how he

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Speaker 1: wants a president.

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Speaker 3: This is his quote.

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Speaker 4: I want a president who's.

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Speaker 1: Gonna be able to cover up a one hundred and

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Speaker 1: thirty thousand dollars bribe to Stormy Daniels. If he can't

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Speaker 1: pull that off, I'm not gonna trust him with the

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Speaker 1: nuclear football. This seems like such an easy thing for

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Speaker 1: him to screw up.

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Speaker 4: I'm kind of leaning toward Biden.

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Speaker 1: He's like, listen, he can't even cover up you're a

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Speaker 1: fair with a porn star properly, Like, how are you

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Speaker 1: competent to run govern I don't know.

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Speaker 4: I think I'm going towards the other Kuy.

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Speaker 3: I love that logic.

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Speaker 1: It's so amazing, it's perfect, perfect. He's got a point

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Speaker 1: to be honest with.

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Speaker 2: A certain way. You could see it. You can kind

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Speaker 2: of see what he's talking about. We also have to

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Speaker 2: pull the latest Biden moment, which is just I guess

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Speaker 2: odd is.

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Speaker 3: Odd The kindest way to put this. This is what people.

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Speaker 2: Think about whenever people are like man Biden, he's really

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Speaker 2: a hold. Let's take a listen.

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Speaker 4: Do you think the condition will have an impact on.

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Speaker 3: We'd want to hear your thoughts on the paracter.

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Speaker 4: For people who are just listening.

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Speaker 1: He's walking on at this presser very slowly. Old man

404
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Speaker 1: gait I saw people online saying, looks like he's being

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Speaker 1: controlled by puppets, you know, it's very like.

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Speaker 4: And then he stops.

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Speaker 1: Somebody shouts a question, he stops, He slowly turns and

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Speaker 1: gives this weird grin and then slowly turns back, and

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Speaker 1: it's just I mean, listen, is it a b Of course,

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Speaker 1: it's not a big deal. But it was one of

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Speaker 1: those things that went crazy viral because it just was

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Speaker 1: odd and it showed off all of his like old

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Speaker 1: man gates and tendencies and whatever.

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Speaker 4: And he's, you know, producer maquiity.

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Speaker 1: He's probably trying to come up with some like witty retort,

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Speaker 1: but his brain just doesn't have that in it anymore.

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Speaker 1: So he just turns back and keeps walking off.

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Speaker 3: Yeah, I have I have a.

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Speaker 2: Couple of friends on the White House Press Corps, and

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Speaker 2: like what they tell me is that with him, it's

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Speaker 2: it's all comes across in the camera too. But it's

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Speaker 2: like when he puts those aviators on, he really believes

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Speaker 2: he's forty years old again, Like in his head, he

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Speaker 2: believes he still got it all there, and any suggestion,

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Speaker 2: any even inkling that something is moving away, he just

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Speaker 2: cannot mentally handle that. And on a certain level, you know,

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Speaker 2: I think we can all empathize. We know a lot

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Speaker 2: of there's a lot of old people who want to

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Speaker 2: feel that way. But he's running for reelection and same

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Speaker 2: thing there with his gait, Like look at him walk,

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Speaker 2: look at the way that he talks. Remember the Afghanistan

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Speaker 2: press conference, That one's burned into my mind because that's

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Speaker 2: the first time I was like, oh my god. Whenever

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Speaker 2: he was like whispering and leaning, you know, they're talking

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Speaker 2: about some of those who died, I was like, oh my,

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Speaker 2: you can't do this, you know.

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Speaker 1: Like mixing up the president of Egypt, telling stories about

438
00:20:58,800 --> 00:21:00,879
Speaker 1: you know, the German chancellor been dead.

439
00:21:00,640 --> 00:21:01,639
Speaker 4: For how many year?

440
00:21:01,720 --> 00:21:02,359
Speaker 3: I died?

441
00:21:02,520 --> 00:21:05,760
Speaker 1: Ten years and retelling the same anecdote and again These

442
00:21:05,760 --> 00:21:07,760
Speaker 1: are things if you have someone in your life, if

443
00:21:07,800 --> 00:21:10,680
Speaker 1: you've you know, loved dearly and who's aging, like these

444
00:21:10,680 --> 00:21:12,520
Speaker 1: will all seem very familiar to you.

445
00:21:12,600 --> 00:21:14,480
Speaker 4: The inability to grasp.

446
00:21:14,640 --> 00:21:17,639
Speaker 1: Certain words at certain times, the mixing up of people

447
00:21:17,760 --> 00:21:20,880
Speaker 1: of events of years, the forgetting that you just told

448
00:21:20,920 --> 00:21:23,280
Speaker 1: this anecdote, you know, five minutes ago, and now you're

449
00:21:23,320 --> 00:21:24,480
Speaker 1: telling this anecdote again.

450
00:21:24,800 --> 00:21:29,119
Speaker 4: These are all just very common, typical things that we see.

451
00:21:29,880 --> 00:21:34,360
Speaker 1: And you know, I also have to say, if Democrats

452
00:21:34,480 --> 00:21:37,240
Speaker 1: really believe this rhetoric about how the whole country is

453
00:21:37,280 --> 00:21:40,080
Speaker 1: at stake and democracy is on the line, et cetera, Like,

454
00:21:40,119 --> 00:21:41,640
Speaker 1: why do you close ranks against this guy?

455
00:21:41,800 --> 00:21:45,240
Speaker 4: We see in every poll he underperforms.

456
00:21:44,680 --> 00:21:49,840
Speaker 1: Every single Democratic Senate candidate, all of them, one hundred percent.

457
00:21:50,320 --> 00:21:51,639
Speaker 4: He underperforms them.

458
00:21:52,320 --> 00:21:54,400
Speaker 1: I am at this point really convinced that you could

459
00:21:54,440 --> 00:21:57,800
Speaker 1: put almost anyone else into the slot and they would

460
00:21:57,800 --> 00:21:59,200
Speaker 1: outperform Joe Biden.

461
00:21:59,320 --> 00:21:59,520
Speaker 3: Yeah.

462
00:21:59,520 --> 00:22:01,600
Speaker 4: I know that goes against history because typically there's a.

463
00:22:01,600 --> 00:22:04,560
Speaker 1: Huge incumbency advantage, but you have a very specific and

464
00:22:04,640 --> 00:22:09,320
Speaker 1: unique set of circumstances here, and Democrats decided to close ranks.

465
00:22:09,320 --> 00:22:12,040
Speaker 1: I think in large part after the midterm elections, went

466
00:22:12,119 --> 00:22:14,480
Speaker 1: better than expected. That kind of closed the door to

467
00:22:14,840 --> 00:22:16,960
Speaker 1: Gavin Newsom or whoever was playing with the idea of

468
00:22:17,040 --> 00:22:19,920
Speaker 1: jumping in the race. And now they're just locked into

469
00:22:20,480 --> 00:22:22,760
Speaker 1: denying the reality that's in front of all of our faces.

470
00:22:22,840 --> 00:22:23,280
Speaker 3: Yeah.

471
00:22:23,320 --> 00:22:26,439
Speaker 2: Absolutely, And so what we really are going to watch

472
00:22:26,680 --> 00:22:29,400
Speaker 2: is a very similar thing that happened in the lead

473
00:22:29,520 --> 00:22:31,840
Speaker 2: up to the twenty twenty election. So in twenty nineteen,

474
00:22:32,200 --> 00:22:35,560
Speaker 2: when Biden is losing his first two primaries and caucuses

475
00:22:35,560 --> 00:22:40,000
Speaker 2: and he's a joke fifth place, everybody, including MSNBC's Andrew Mitchell,

476
00:22:40,080 --> 00:22:41,560
Speaker 2: is like, this guy's way too old.

477
00:22:41,840 --> 00:22:42,760
Speaker 4: What is it?

478
00:22:42,840 --> 00:22:43,840
Speaker 3: Which Castro was?

479
00:22:43,880 --> 00:22:44,000
Speaker 4: It?

480
00:22:44,040 --> 00:22:46,520
Speaker 2: Was it Joaquin? I think maybe Julian which whatever one

481
00:22:46,680 --> 00:22:50,199
Speaker 2: was running for office. He even calls him out on

482
00:22:50,240 --> 00:22:53,800
Speaker 2: the debate stage. This is open, it's acknowledged Democratic elites.

483
00:22:53,800 --> 00:22:55,199
Speaker 2: We're allowed to talk about Julian.

484
00:22:55,280 --> 00:22:58,360
Speaker 3: There we go. I apologize, they're twins. They literally look

485
00:22:58,400 --> 00:23:01,439
Speaker 3: the same. It's not my fault. But then you know

486
00:23:01,640 --> 00:23:02,280
Speaker 3: what happens.

487
00:23:02,440 --> 00:23:05,200
Speaker 2: The Atlantic article comes out and he becomes the nominee,

488
00:23:05,200 --> 00:23:07,960
Speaker 2: and then the COVID is a national crisis. So what happens, Oh,

489
00:23:08,040 --> 00:23:11,240
Speaker 2: he has a magical stutter that he had as a child,

490
00:23:11,480 --> 00:23:14,359
Speaker 2: and then it happened to just re emerge when he turned,

491
00:23:14,480 --> 00:23:17,560
Speaker 2: oh around seventy eight years old. And even though we've

492
00:23:17,600 --> 00:23:20,000
Speaker 2: all seen him in public life, including many of these reporters,

493
00:23:20,240 --> 00:23:22,399
Speaker 2: know him personally, know that he could speak cogently in

494
00:23:22,440 --> 00:23:24,639
Speaker 2: the past. I've played here, I've done monologues in the

495
00:23:24,680 --> 00:23:27,200
Speaker 2: past of his meet the press appearances over the years

496
00:23:27,280 --> 00:23:31,720
Speaker 2: up until twenty seventeen, completely different individual. I personally saw

497
00:23:31,800 --> 00:23:36,000
Speaker 2: him on the campaign trail in twenty twelve, completely different

498
00:23:36,000 --> 00:23:37,879
Speaker 2: man to what he is. But it was after that

499
00:23:38,000 --> 00:23:40,680
Speaker 2: article then the attacks come out. No, we're not allowed

500
00:23:40,720 --> 00:23:43,320
Speaker 2: to talk about it. So very similar thing. Ezra Klein

501
00:23:43,440 --> 00:23:46,360
Speaker 2: can say it, Nate Silver could write it. That was kosher,

502
00:23:46,480 --> 00:23:49,160
Speaker 2: that was okay. Now it's official. We're less than six

503
00:23:49,200 --> 00:23:51,280
Speaker 2: months to election day. We got to put thing, you know,

504
00:23:51,320 --> 00:23:54,080
Speaker 2: the guardrails back on. But this is where we don't

505
00:23:54,080 --> 00:23:57,560
Speaker 2: live in the monoculture media moments anymore. Every person on TikTok,

506
00:23:57,640 --> 00:24:02,520
Speaker 2: Instagram and everywhere can see these means proliferate everywhere, so

507
00:24:02,520 --> 00:24:03,880
Speaker 2: they can't cover it up anymore.

508
00:24:03,960 --> 00:24:08,320
Speaker 3: So good luck, good luck to you all, I can say.

509
00:24:09,200 --> 00:24:12,400
Speaker 1: At the same time, we got some interesting Trump VP news.

510
00:24:12,400 --> 00:24:14,000
Speaker 1: All right, that's worth taking into This.

511
00:24:14,000 --> 00:24:15,879
Speaker 2: Came out very late last night. So let's go ahe

512
00:24:15,880 --> 00:24:18,200
Speaker 2: and put this up there on the screen. Let's actually

513
00:24:18,240 --> 00:24:20,400
Speaker 2: get into the official list.

514
00:24:20,480 --> 00:24:23,480
Speaker 4: I need to be that Doug burgham is now I

515
00:24:23,520 --> 00:24:24,320
Speaker 4: did not see that.

516
00:24:24,359 --> 00:24:26,040
Speaker 3: Guys right up at the top. Guys.

517
00:24:26,080 --> 00:24:28,959
Speaker 2: All right, So the Trump campaign has officially sent a

518
00:24:29,040 --> 00:24:32,520
Speaker 2: vice presidential vetting paperwork. For those who don't know the

519
00:24:32,640 --> 00:24:34,800
Speaker 2: paperwork thing, it's like you have to fill out all.

520
00:24:34,720 --> 00:24:35,840
Speaker 3: Your stock investments.

521
00:24:35,880 --> 00:24:38,240
Speaker 2: Have you ever hired an illegal immigrant anything they could

522
00:24:38,280 --> 00:24:41,200
Speaker 2: ever be compromising on you, et cetera. So the list

523
00:24:41,280 --> 00:24:46,240
Speaker 2: so far Doug burghm Marco Rubio, jd Vance, Tim Scott,

524
00:24:46,560 --> 00:24:50,320
Speaker 2: Byron Donald's, Elise Stephonic and Ben Carson.

525
00:24:50,440 --> 00:24:52,880
Speaker 3: So those are the people who are on the list.

526
00:24:53,000 --> 00:24:56,520
Speaker 2: I also saw Axios this morning saying that Tom Cotton

527
00:24:56,880 --> 00:25:01,720
Speaker 2: similarly received paperwork. We'll see here the only individual, Yeah,

528
00:25:01,760 --> 00:25:04,840
Speaker 2: Tom Cotton is the only individual here that was added

529
00:25:04,880 --> 00:25:07,320
Speaker 2: to the Axios list who was not included in the

530
00:25:07,400 --> 00:25:08,359
Speaker 2: Associated Press.

531
00:25:08,400 --> 00:25:11,320
Speaker 3: But those are the so called VP shortlist.

532
00:25:11,440 --> 00:25:14,120
Speaker 2: Of course, it's Trump and things can literally change at

533
00:25:14,160 --> 00:25:16,800
Speaker 2: any time. One name that didn't appear on there that

534
00:25:16,840 --> 00:25:19,480
Speaker 2: some people have spoken to me about is Sarah Huckabee Sanders.

535
00:25:19,520 --> 00:25:20,600
Speaker 3: I would not sleep on her.

536
00:25:21,040 --> 00:25:23,200
Speaker 2: The only thing ding against her is she didn't endorse

537
00:25:23,200 --> 00:25:25,720
Speaker 2: Trump immediately whenever he asked her to. She wanted to

538
00:25:25,720 --> 00:25:28,280
Speaker 2: see how it played out with Ron DeSantis. But that

539
00:25:28,320 --> 00:25:30,639
Speaker 2: would be the only name I think I would add

540
00:25:30,800 --> 00:25:31,280
Speaker 2: to this one.

541
00:25:31,400 --> 00:25:31,639
Speaker 1: For me.

542
00:25:32,520 --> 00:25:34,080
Speaker 2: As I've said, I always think it's going to be

543
00:25:34,119 --> 00:25:36,760
Speaker 2: one of three people. Maybe Bergham, now I guess since

544
00:25:36,760 --> 00:25:39,080
Speaker 2: he's filthy rich. But I either think it's going to

545
00:25:39,119 --> 00:25:40,800
Speaker 2: be Tim Scott, it's going to be JD Vance or

546
00:25:40,800 --> 00:25:44,479
Speaker 2: at least Deefonic, all depending on the whims of the

547
00:25:44,480 --> 00:25:46,880
Speaker 2: candidate in the moment. If he wants the race card

548
00:25:46,960 --> 00:25:49,280
Speaker 2: that he can play on TV, we're going with Tim Scott.

549
00:25:49,359 --> 00:25:51,359
Speaker 2: If he wants the woman because he thinks abortion is

550
00:25:51,359 --> 00:25:53,360
Speaker 2: going to be a major issue, he's going with the Lease,

551
00:25:53,400 --> 00:25:55,760
Speaker 2: who is much more socially modern than most other people

552
00:25:55,960 --> 00:25:58,679
Speaker 2: in the GOP. She's literally a New York Republican. And

553
00:25:58,680 --> 00:26:00,960
Speaker 2: then if he's one hundred percent style and he wants

554
00:26:00,960 --> 00:26:03,560
Speaker 2: somebody who is like his ID who can help manage

555
00:26:03,560 --> 00:26:05,960
Speaker 2: the bureaucracy, that's when you pick JD. But you only

556
00:26:06,000 --> 00:26:09,520
Speaker 2: do that if you're feeling real confident there to win.

557
00:26:09,560 --> 00:26:10,720
Speaker 2: So that's where my mind.

558
00:26:10,520 --> 00:26:11,840
Speaker 4: Is at with all three.

559
00:26:12,240 --> 00:26:15,760
Speaker 1: I don't want to even try to get inside Donald

560
00:26:15,760 --> 00:26:18,040
Speaker 1: Trump's head to I just don't think that I have

561
00:26:18,280 --> 00:26:20,800
Speaker 1: a good read on how he would be looking at

562
00:26:20,840 --> 00:26:22,520
Speaker 1: any of these names. But a few things that were

563
00:26:22,520 --> 00:26:25,920
Speaker 1: interesting to me was first, Aleistaphonic being the only woman

564
00:26:25,920 --> 00:26:28,280
Speaker 1: on there. That's surprising to me because previously a lot

565
00:26:28,280 --> 00:26:30,639
Speaker 1: of the commentary was that he was very likely to

566
00:26:30,640 --> 00:26:32,720
Speaker 1: pick a woman. We've had a lot of women who've

567
00:26:32,720 --> 00:26:37,160
Speaker 1: been floated, from Carrie Lake to Christine Hoam, who I think,

568
00:26:37,600 --> 00:26:39,760
Speaker 1: you know, her chances really fell apart with the whole

569
00:26:39,800 --> 00:26:42,840
Speaker 1: book situation. And I think also because her state that

570
00:26:42,920 --> 00:26:45,840
Speaker 1: she's governor of has such an extreme abortion laws.

571
00:26:45,840 --> 00:26:47,200
Speaker 4: I think that also was.

572
00:26:47,200 --> 00:26:49,959
Speaker 1: A problem for him. But you know, there have been

573
00:26:49,960 --> 00:26:51,919
Speaker 1: a variety of women who've been floating. The only one though,

574
00:26:51,920 --> 00:26:54,080
Speaker 1: that makes it on the list is a least to Phonics,

575
00:26:54,080 --> 00:26:57,680
Speaker 1: so that was interesting. You have three different A lot

576
00:26:57,720 --> 00:26:59,600
Speaker 1: of these choices, as we see on the Democratic side,

577
00:26:59,600 --> 00:27:02,760
Speaker 1: there also filtered through an identity lens, so you have

578
00:27:02,800 --> 00:27:04,920
Speaker 1: three different black men. That's interesting to me. And Mark

579
00:27:05,000 --> 00:27:09,760
Speaker 1: or Rubio is obviously Latino. There is clearly some shift

580
00:27:09,960 --> 00:27:14,440
Speaker 1: in both among black men and among Latino men towards Republicans.

581
00:27:14,920 --> 00:27:17,879
Speaker 1: Maybe Trump is thinking, I don't really buy into this logic,

582
00:27:17,920 --> 00:27:20,000
Speaker 1: by the way, but this is like standard thinking. Maybe

583
00:27:20,040 --> 00:27:22,639
Speaker 1: he's thinking that if he puts a black man or

584
00:27:22,720 --> 00:27:25,600
Speaker 1: a Latino man on the ticket, that will further the

585
00:27:25,640 --> 00:27:29,800
Speaker 1: appeal to those demographic groups. Last time around, we know

586
00:27:29,880 --> 00:27:34,159
Speaker 1: he made a very strategic and very smart electorally smart

587
00:27:34,280 --> 00:27:37,879
Speaker 1: choice with Mike Pence. He knew at that point he

588
00:27:37,920 --> 00:27:41,399
Speaker 1: was a little shaky with evangelicals, and Mike Pence was

589
00:27:41,760 --> 00:27:43,600
Speaker 1: meant to be a signal to them and to sort

590
00:27:43,640 --> 00:27:46,520
Speaker 1: of like ease their minds about going with this guy

591
00:27:46,600 --> 00:27:49,560
Speaker 1: who's not religious at all, Cereal Philander and all of

592
00:27:49,600 --> 00:27:52,360
Speaker 1: those sorts of things. That was a very wise choice,

593
00:27:52,400 --> 00:27:55,879
Speaker 1: and so I suspect, especially given the fact that not

594
00:27:55,960 --> 00:27:58,600
Speaker 1: only are his electoral prospects on the line, but potentially

595
00:27:58,600 --> 00:28:01,840
Speaker 1: his own personal freedom is on the line, that he

596
00:28:01,920 --> 00:28:06,359
Speaker 1: will make a similarly strategic choice of whatever group he

597
00:28:06,520 --> 00:28:08,160
Speaker 1: thinks needs to be stored up.

598
00:28:08,400 --> 00:28:10,560
Speaker 4: Which is why I mean the one that I feel most.

599
00:28:10,359 --> 00:28:12,720
Speaker 1: Skeptical of is JD fans, because I just don't see

600
00:28:12,720 --> 00:28:15,440
Speaker 1: what else that electorally brings to the ticket for him.

601
00:28:15,440 --> 00:28:17,720
Speaker 2: What's that's the question is how is he, like I said,

602
00:28:17,760 --> 00:28:19,520
Speaker 2: I only think he's going to pick jdve He's like,

603
00:28:19,560 --> 00:28:21,160
Speaker 2: I'm one hundred percent going to win this election.

604
00:28:21,280 --> 00:28:22,440
Speaker 3: Now, it's all about governance.

605
00:28:22,440 --> 00:28:24,720
Speaker 2: But having met Trump, spent some time with him, I

606
00:28:25,080 --> 00:28:26,840
Speaker 2: very rarely speaks about government.

607
00:28:26,640 --> 00:28:28,359
Speaker 3: So that's one of the issues.

608
00:28:28,480 --> 00:28:28,640
Speaker 4: Now.

609
00:28:28,720 --> 00:28:30,560
Speaker 2: One thing you could say is that Jeddy has been

610
00:28:30,560 --> 00:28:33,040
Speaker 2: doing a pretty good job recently of serving as like

611
00:28:33,080 --> 00:28:35,879
Speaker 2: the media like this is the thing about Trump, it's

612
00:28:35,920 --> 00:28:38,200
Speaker 2: all about image. So he really enjoyed the you know,

613
00:28:38,280 --> 00:28:40,720
Speaker 2: he goes on CNN and goes toe to toe with

614
00:28:40,840 --> 00:28:44,560
Speaker 2: Wolf Blitzer or Caitlyn Collins or whatever. But let's be honest,

615
00:28:44,680 --> 00:28:47,920
Speaker 2: all of these candidates who are underneath JD can also

616
00:28:47,960 --> 00:28:51,040
Speaker 2: do it. At least Stefanic that's her bread and butter.

617
00:28:51,120 --> 00:28:54,040
Speaker 2: She emerged as his attack dog on while it was

618
00:28:54,200 --> 00:28:55,960
Speaker 2: impeachment one and impeachment too.

619
00:28:56,000 --> 00:28:58,560
Speaker 4: They're all also going to do that, whether they're pick

620
00:28:58,680 --> 00:28:58,920
Speaker 4: or not.

621
00:28:59,160 --> 00:29:02,840
Speaker 1: So it's not better than that if you know, if

622
00:29:02,880 --> 00:29:05,840
Speaker 1: they're not on the ticket, and then you know, with Burgum,

623
00:29:05,880 --> 00:29:08,680
Speaker 1: I think it's just like he gets the RFK junior

624
00:29:08,840 --> 00:29:10,760
Speaker 1: choice of like, listen, I just need the money, so

625
00:29:10,880 --> 00:29:12,120
Speaker 1: come on board, buddy, Like.

626
00:29:13,200 --> 00:29:16,400
Speaker 2: Let's not diminish that, because, as I understand it, so

627
00:29:16,440 --> 00:29:19,280
Speaker 2: Trump has got legal bills coming out of every or

628
00:29:19,560 --> 00:29:26,040
Speaker 2: coming out of wherever. Trump has got over one hundred

629
00:29:26,040 --> 00:29:29,440
Speaker 2: million legal bills. He is hitting up every rich person

630
00:29:29,560 --> 00:29:31,840
Speaker 2: on the planet right now. And in fact, there is

631
00:29:31,880 --> 00:29:35,120
Speaker 2: a major concerted effort behind the scenes for those two

632
00:29:35,120 --> 00:29:37,840
Speaker 2: of us who are like billionaire watchers. You had the

633
00:29:38,160 --> 00:29:41,720
Speaker 2: Sequoia founder Doug Leone come out and endorse Trump.

634
00:29:41,800 --> 00:29:44,160
Speaker 3: This guy's worth like eight billion. He just has this.

635
00:29:44,400 --> 00:29:46,560
Speaker 3: He's got this upcoming fundraiser tonight.

636
00:29:46,680 --> 00:29:50,280
Speaker 2: Actually with David Snacks and Chamath Paula Hapatilla over an

637
00:29:50,280 --> 00:29:52,960
Speaker 2: all in podcast. They actually sold that entire thing out

638
00:29:53,160 --> 00:29:55,720
Speaker 2: at Silicon Valley. There's a lot of billionaires who will

639
00:29:55,760 --> 00:29:59,000
Speaker 2: be in attendance. You've got Trump getting this hundred million

640
00:29:59,040 --> 00:30:03,360
Speaker 2: dollar check from Miriam Adelson allegedly in exchange for no

641
00:30:04,320 --> 00:30:08,160
Speaker 2: Palacitian sovereignty over the West Bank. You've got Nikki Haley

642
00:30:08,160 --> 00:30:11,640
Speaker 2: who recently just took a Gulf Stands jets of Miriam's

643
00:30:11,720 --> 00:30:14,960
Speaker 2: jet to Israel that we're spotting we've got I mean, like,

644
00:30:15,040 --> 00:30:17,880
Speaker 2: if you watch these things very closely, he is hard

645
00:30:17,960 --> 00:30:20,719
Speaker 2: up more for big institutional money this time around than

646
00:30:20,760 --> 00:30:23,360
Speaker 2: at any previous time. And in fact, just yesterday I

647
00:30:23,440 --> 00:30:26,080
Speaker 2: read an article about how small dollar donors, both on

648
00:30:26,120 --> 00:30:28,600
Speaker 2: the Democratic and Republican side are at all time lows. Yeah,

649
00:30:28,760 --> 00:30:31,120
Speaker 2: largely because the Dems tapped the crap out of it

650
00:30:31,240 --> 00:30:33,960
Speaker 2: during Roe versus Way. They've raised and squeezed every dollar

651
00:30:34,200 --> 00:30:36,000
Speaker 2: that they can, and Trump's been hitting his list for

652
00:30:36,040 --> 00:30:37,720
Speaker 2: what like nine years straight.

653
00:30:37,440 --> 00:30:39,840
Speaker 3: Now, and they had at this one and they hit.

654
00:30:40,000 --> 00:30:42,680
Speaker 2: So even though yes, he raised his fifty to three million,

655
00:30:42,800 --> 00:30:45,080
Speaker 2: on the aggregate, that dollar is an all time low,

656
00:30:45,200 --> 00:30:47,280
Speaker 2: campaigns are still just as expensive.

657
00:30:47,440 --> 00:30:49,600
Speaker 3: Both sides are going to spend well over a billion.

658
00:30:49,600 --> 00:30:50,200
Speaker 3: So what do you do?

659
00:30:50,440 --> 00:30:53,000
Speaker 2: Hire the billionaire? Not a bad strategy, I would add,

660
00:30:53,040 --> 00:30:54,000
Speaker 2: not a bad strategy.

661
00:30:54,040 --> 00:30:55,480
Speaker 4: Well, and you're right that Bergham.

662
00:30:55,560 --> 00:30:59,280
Speaker 1: It's not just his own personal net worth, which is

663
00:30:59,320 --> 00:31:03,280
Speaker 1: quite high. But also he would be a sort of

664
00:31:03,680 --> 00:31:05,600
Speaker 1: sign of comfort. In the same way that Mike Pence

665
00:31:05,680 --> 00:31:08,600
Speaker 1: gave comfort to evangelicals, he would give comfort to the

666
00:31:08,600 --> 00:31:10,600
Speaker 1: Wall Street types who already have kind of warmed to

667
00:31:10,640 --> 00:31:13,960
Speaker 1: Trump because they don't like Biden's anti Druss policy, as

668
00:31:13,960 --> 00:31:15,720
Speaker 1: I mean, is the biggest rub there.

669
00:31:15,880 --> 00:31:17,480
Speaker 3: And they want Trump to extend the tax cuts.

670
00:31:17,640 --> 00:31:21,120
Speaker 1: They want their tax cuts, and he has overtly promised

671
00:31:21,120 --> 00:31:24,520
Speaker 1: them reportedly at fundraisers like I will look out for

672
00:31:24,600 --> 00:31:27,840
Speaker 1: you specifically, mister and missus billionaire if I am re elected,

673
00:31:27,920 --> 00:31:30,960
Speaker 1: you will get your tax cuts, oil execs, you will

674
00:31:31,000 --> 00:31:32,600
Speaker 1: get your deregulation.

675
00:31:32,840 --> 00:31:34,240
Speaker 4: Like it's all there for you.

676
00:31:34,680 --> 00:31:39,040
Speaker 1: So he's making these explicit material plays to the billionaire

677
00:31:39,040 --> 00:31:41,240
Speaker 1: class that seems to be very important to him, and

678
00:31:41,280 --> 00:31:44,240
Speaker 1: so a Doug Burgham fits perfectly into that strategy of like, look,

679
00:31:44,240 --> 00:31:47,200
Speaker 1: I'm not getting some crazy lunatic out there talking. This

680
00:31:47,280 --> 00:31:50,040
Speaker 1: is a business guy right on a Silicon Valley that

681
00:31:50,080 --> 00:31:55,640
Speaker 1: has very standard issue conservative Reaganite type of views. That's

682
00:31:55,920 --> 00:31:58,400
Speaker 1: who's going to be my number two to help continue

683
00:31:58,400 --> 00:32:00,960
Speaker 1: to shore up his support among these circles which have

684
00:32:01,080 --> 00:32:04,720
Speaker 1: already warmed to him versus how they perceived him in

685
00:32:04,720 --> 00:32:05,880
Speaker 1: twenty sixteen and in twenty two.

686
00:32:05,960 --> 00:32:06,440
Speaker 3: Yeah, you're right.

687
00:32:06,480 --> 00:32:08,840
Speaker 2: And another thing I forgot to mention this came across

688
00:32:08,880 --> 00:32:10,800
Speaker 2: my radar just yesterday. Trump is actually going to be

689
00:32:10,840 --> 00:32:13,720
Speaker 2: meeting with the Business Roundtable, which is right, yeah, I

690
00:32:13,720 --> 00:32:16,400
Speaker 2: mean it's hard to explain these things to people who

691
00:32:16,360 --> 00:32:18,960
Speaker 2: don't work in Washington, but like the Business Roundtable is

692
00:32:18,960 --> 00:32:21,600
Speaker 2: like the Chamber of Commerce, like on steroids. It is

693
00:32:21,760 --> 00:32:26,320
Speaker 2: the top one hundred richest companies in the United States.

694
00:32:26,520 --> 00:32:31,760
Speaker 2: Jeff Bezos, Microsoft, exon. Everybody's there, their chief lobbyist, one

695
00:32:31,800 --> 00:32:33,880
Speaker 2: of the most powerful people up there with the Chamber

696
00:32:34,200 --> 00:32:36,400
Speaker 2: in Washington. Really, what has come down to, again, as

697
00:32:36,440 --> 00:32:39,240
Speaker 2: I understood, is people aren't stupid. Twenty twenty five, the

698
00:32:39,320 --> 00:32:42,560
Speaker 2: tax return, the tax cuts expire, somebody is either going

699
00:32:42,640 --> 00:32:45,000
Speaker 2: to extend them or not. If Biden is there, he'll

700
00:32:45,000 --> 00:32:46,960
Speaker 2: probably extend seventy.

701
00:32:46,520 --> 00:32:48,520
Speaker 3: Five percent of them. They want one hundred percent.

702
00:32:48,560 --> 00:32:50,280
Speaker 2: And not only do they want one hundred percent, they

703
00:32:50,280 --> 00:32:52,720
Speaker 2: want you to continue to cut the corporate floor, to

704
00:32:52,760 --> 00:32:54,600
Speaker 2: extend the individual rates. And they don't want to have

705
00:32:54,640 --> 00:32:57,520
Speaker 2: a child tax credit included, which allegedly is like the

706
00:32:57,560 --> 00:33:01,480
Speaker 2: trade that the Democrats would offer should Biden win the election.

707
00:33:01,640 --> 00:33:04,080
Speaker 3: So this is this is it's all business at this point.

708
00:33:04,160 --> 00:33:06,320
Speaker 2: It's just like listen, you guys, you were a great

709
00:33:06,360 --> 00:33:08,880
Speaker 2: gift to business last time around, So this time around,

710
00:33:08,960 --> 00:33:11,760
Speaker 2: we're much more overtly comfortable backing you. That's how you

711
00:33:11,800 --> 00:33:15,080
Speaker 2: see guys like Ken Griffin who said I would never

712
00:33:15,160 --> 00:33:17,440
Speaker 2: vote for Trump, and he spent one hundred million dollars

713
00:33:17,560 --> 00:33:20,200
Speaker 2: or whatever on Ron DeSantis. He's like, yeah, I could

714
00:33:20,200 --> 00:33:22,480
Speaker 2: see it. You know, maybe all back Trump. This is

715
00:33:22,520 --> 00:33:26,400
Speaker 2: a business transaction, like you're cut and dry. And so

716
00:33:26,640 --> 00:33:31,120
Speaker 2: that's in a way, Trump's political genius is mobilizing a

717
00:33:31,160 --> 00:33:33,640
Speaker 2: lot of these more like working class vote or at

718
00:33:33,680 --> 00:33:35,920
Speaker 2: the very least like the white working class voters. They're

719
00:33:35,920 --> 00:33:38,720
Speaker 2: all coming out for him, for immigration, for culture purposes.

720
00:33:39,000 --> 00:33:41,600
Speaker 2: And then it's it's a really like almost a Reagan

721
00:33:41,640 --> 00:33:44,320
Speaker 2: play and at the same time, you almost explicitly align

722
00:33:44,400 --> 00:33:46,760
Speaker 2: yourself at this point with big business to bring those

723
00:33:46,760 --> 00:33:50,800
Speaker 2: two in. That's a very very powerful political movement if

724
00:33:51,640 --> 00:33:54,520
Speaker 2: you can get people past some of the other Trump nonsense.

725
00:33:54,560 --> 00:33:56,400
Speaker 2: But for them at this point, they don't care about

726
00:33:56,400 --> 00:33:58,440
Speaker 2: the character stuff anymore. They know that he's here to

727
00:33:58,480 --> 00:34:00,840
Speaker 2: stay and for the will to make the trade. And

728
00:34:00,880 --> 00:34:02,880
Speaker 2: I'm probably a good one, right if you see what

729
00:34:02,880 --> 00:34:04,640
Speaker 2: happened in twenty seventeen.

730
00:34:04,320 --> 00:34:06,280
Speaker 1: I mean, he has dropped, Like if you go back

731
00:34:06,320 --> 00:34:09,000
Speaker 1: and listen to the rhetoric twenty sixteen, the way he

732
00:34:09,080 --> 00:34:11,359
Speaker 1: really positioned him himself, and it was always a farce

733
00:34:11,400 --> 00:34:13,040
Speaker 1: we saw by the way he governed, but he really

734
00:34:13,040 --> 00:34:15,759
Speaker 1: did position himself all that time, you didn't know as

735
00:34:15,840 --> 00:34:17,920
Speaker 1: a more populous fair I mean, the trade deals were

736
00:34:17,960 --> 00:34:20,120
Speaker 1: really central to the discussion. Drain the swamp, like, all

737
00:34:20,200 --> 00:34:23,640
Speaker 1: of that was really core. That is all gone. There's

738
00:34:23,880 --> 00:34:27,600
Speaker 1: no semblance of it left whatsoever. Instead you just get

739
00:34:27,640 --> 00:34:30,799
Speaker 1: report after report of the You know, Hey, I'm gonna

740
00:34:30,840 --> 00:34:33,560
Speaker 1: sell the American foreign policy to Miriam Mandelson for one

741
00:34:33,600 --> 00:34:36,720
Speaker 1: hundred million dollars. Hey, you don't like the Palestinian protests,

742
00:34:36,760 --> 00:34:38,879
Speaker 1: I'm going to crush that. I'm gonna deport them. I'm

743
00:34:38,880 --> 00:34:41,279
Speaker 1: gonna set that movement back thirty years. Hey you want

744
00:34:41,320 --> 00:34:43,600
Speaker 1: your tax cuts, no problem, vote for me. Give me,

745
00:34:43,760 --> 00:34:46,040
Speaker 1: give me twenty five million dollars, and I'll make sure

746
00:34:46,080 --> 00:34:48,040
Speaker 1: that you get your tax cuts. Hey, you want to

747
00:34:48,080 --> 00:34:51,080
Speaker 1: be able to frack and drill and have absolutely no regulations,

748
00:34:51,080 --> 00:34:51,520
Speaker 1: no problem.

749
00:34:51,640 --> 00:34:52,080
Speaker 4: Vote for me.

750
00:34:52,280 --> 00:34:56,879
Speaker 1: It's very direct, it's very over and so yes, if

751
00:34:56,920 --> 00:35:01,320
Speaker 1: you can keep the working class coalition that you started

752
00:35:01,320 --> 00:35:04,400
Speaker 1: to realign, you know, starting in twenty sixteen, and you

753
00:35:04,440 --> 00:35:07,759
Speaker 1: can add in all the billionaire class. That is a

754
00:35:07,840 --> 00:35:11,239
Speaker 1: very powerful coalition. I guess the question the problem is

755
00:35:11,440 --> 00:35:14,040
Speaker 1: it's not like the Democrats are offering their own like

756
00:35:14,280 --> 00:35:15,719
Speaker 1: populist opposition to that.

757
00:35:16,320 --> 00:35:18,360
Speaker 4: So there's no one playing in the lane.

758
00:35:18,200 --> 00:35:21,200
Speaker 1: Really of like working class material politics. And one of

759
00:35:21,200 --> 00:35:23,680
Speaker 1: the things Ryan and I only covered this fantastically in

760
00:35:23,719 --> 00:35:26,839
Speaker 1: Counterpoints yesterday. We've seen now a couple elections around the world.

761
00:35:26,920 --> 00:35:29,799
Speaker 1: Obviously it's not analogous America's his own beast that really

762
00:35:29,840 --> 00:35:33,280
Speaker 1: showed the power of those material politics. The overwhelming victory

763
00:35:33,360 --> 00:35:39,920
Speaker 1: in Mexico for Claudia Shanebaum, the shocking setback for Mody

764
00:35:39,920 --> 00:35:42,879
Speaker 1: in India, which was very much you know, driven by

765
00:35:43,000 --> 00:35:47,000
Speaker 1: economics and lowercasts really turning on him because he was

766
00:35:47,160 --> 00:35:50,680
Speaker 1: only delivering the sort of cultural bullshit and they're like,

767
00:35:50,800 --> 00:35:53,200
Speaker 1: but I also need my wages and I need a job.

768
00:35:53,920 --> 00:35:57,000
Speaker 1: So we've in South Africa, the elections there also were

769
00:35:57,200 --> 00:35:59,480
Speaker 1: a warning sign about you know, material politics and how

770
00:35:59,480 --> 00:36:01,840
Speaker 1: important that is. We just don't have a single player

771
00:36:01,920 --> 00:36:03,959
Speaker 1: in terms of the two main parties that is even

772
00:36:04,040 --> 00:36:05,520
Speaker 1: attempting to go in that drive.

773
00:36:05,600 --> 00:36:06,640
Speaker 2: That's what I was going to say, you know, if

774
00:36:06,640 --> 00:36:09,200
Speaker 2: the Biden campaign were intelligent, they would say all the

775
00:36:09,200 --> 00:36:11,320
Speaker 2: things I just said, but they don't have that capatit.

776
00:36:11,320 --> 00:36:14,600
Speaker 2: They're too busy quibbling with the Wall Street Journal over

777
00:36:14,640 --> 00:36:17,920
Speaker 2: whether Biden is too old or calling him like convicted

778
00:36:18,040 --> 00:36:21,200
Speaker 2: don or felon don. As I've said a million times,

779
00:36:21,239 --> 00:36:23,120
Speaker 2: and as we're about to get to, yeah, if you

780
00:36:23,160 --> 00:36:24,680
Speaker 2: want to win young people back, if you want to

781
00:36:24,680 --> 00:36:27,760
Speaker 2: bring black people back, young Hispanics. The number one reason

782
00:36:27,840 --> 00:36:30,160
Speaker 2: all of these people are even considering voting for Trump

783
00:36:30,400 --> 00:36:32,480
Speaker 2: is they think he is a major shake up to

784
00:36:32,600 --> 00:36:37,680
Speaker 2: the system, and they apply that to their own lives.

785
00:36:37,719 --> 00:36:41,920
Speaker 2: One of the most important issues which nobody ever talks about,

786
00:36:41,960 --> 00:36:45,960
Speaker 2: housing affordability. What can we actually do about it? And

787
00:36:46,320 --> 00:36:49,040
Speaker 2: how central this is for voting issues. Let's put this

788
00:36:49,120 --> 00:36:50,839
Speaker 2: up there on the screen. So I hear a lot

789
00:36:50,840 --> 00:36:53,880
Speaker 2: of Republicans like, oh, these gen Z folks that are

790
00:36:53,880 --> 00:36:58,879
Speaker 2: obsessed with trans and and some of that is true

791
00:36:59,160 --> 00:37:01,160
Speaker 2: for people who are on lie, but it turns out

792
00:37:01,360 --> 00:37:03,279
Speaker 2: that they're just like the rest of us. This is

793
00:37:03,320 --> 00:37:07,080
Speaker 2: a new survey from redfin. Housing affordability is the gen

794
00:37:07,200 --> 00:37:12,320
Speaker 2: Z top voting issue outweighing abortion and the economy.

795
00:37:12,320 --> 00:37:14,120
Speaker 3: Although I would put it with the economy.

796
00:37:14,160 --> 00:37:17,680
Speaker 2: More than nine to ten adult gen zers say that

797
00:37:17,719 --> 00:37:21,640
Speaker 2: housing affordability is important when considering who they will vote

798
00:37:21,640 --> 00:37:24,640
Speaker 2: in their upcoming presidential election. It is the top issue

799
00:37:24,680 --> 00:37:27,920
Speaker 2: by ranking from that new report from redfinn and that

800
00:37:28,000 --> 00:37:30,919
Speaker 2: gen zers quote were more likely to rate housing affordability

801
00:37:30,960 --> 00:37:33,879
Speaker 2: as an important factor in their vote than any other

802
00:37:34,000 --> 00:37:37,520
Speaker 2: issue that they were asked about, including the economy, abortion, guns,

803
00:37:37,600 --> 00:37:41,480
Speaker 2: preserving democracy, and foreign wars. This is from three thousand

804
00:37:41,600 --> 00:37:44,719
Speaker 2: US homeowners and renters that they just conducted in February

805
00:37:44,880 --> 00:37:47,160
Speaker 2: of twenty twenty four. Why I think that this is

806
00:37:47,200 --> 00:37:50,440
Speaker 2: so important is that if you look at the breakdown,

807
00:37:50,760 --> 00:37:55,759
Speaker 2: and this actually is gen Z specifically, but I'll include everybody,

808
00:37:56,280 --> 00:37:59,720
Speaker 2: this is the ranking housing affordability ninety one percent, strength

809
00:37:59,719 --> 00:38:03,680
Speaker 2: of the overall economy eighty two percent, education eighty two percent,

810
00:38:03,840 --> 00:38:06,960
Speaker 2: then guns and abortions. So the culture issues are four

811
00:38:07,080 --> 00:38:09,920
Speaker 2: and five that are in that ranking. If you shift

812
00:38:09,960 --> 00:38:12,880
Speaker 2: over to millennials, you can actually see that the quote,

813
00:38:12,880 --> 00:38:16,759
Speaker 2: strength of the overall, democracy, education, and housing affordability are

814
00:38:16,800 --> 00:38:17,399
Speaker 2: all top three.

815
00:38:17,440 --> 00:38:19,719
Speaker 3: They're actually roughly tied. It's like eighty nine and eighty

816
00:38:19,719 --> 00:38:20,239
Speaker 3: seven percent.

817
00:38:20,280 --> 00:38:25,480
Speaker 2: We're quibbling within a percentage point or so, housing affordability

818
00:38:25,520 --> 00:38:30,200
Speaker 2: begins to drop only amongst Gen xers and amongst boomers

819
00:38:30,239 --> 00:38:32,080
Speaker 2: from fourth and almost six.

820
00:38:32,280 --> 00:38:34,120
Speaker 3: Specifically, whenever it comes to the boomers.

821
00:38:34,160 --> 00:38:37,040
Speaker 2: So the younger you are in this country, Gen Z

822
00:38:37,120 --> 00:38:39,400
Speaker 2: in particular, because they're at the very entry of the

823
00:38:39,440 --> 00:38:41,600
Speaker 2: housing market, they're probably the ones getting squeezed the most

824
00:38:41,600 --> 00:38:44,320
Speaker 2: by all this rent inflation because they have had to

825
00:38:44,360 --> 00:38:46,360
Speaker 2: come in where I at least had some roughly cheaper

826
00:38:46,400 --> 00:38:49,120
Speaker 2: rent maybe ten years ago. But nowadays, I mean, they're

827
00:38:49,160 --> 00:38:51,680
Speaker 2: walking in and just getting hit right off the bat.

828
00:38:51,840 --> 00:38:54,279
Speaker 2: Put this up on the screen just to illustrate how

829
00:38:54,320 --> 00:38:57,880
Speaker 2: disastrous things are right now. The median mortgage payment in

830
00:38:57,920 --> 00:39:00,799
Speaker 2: the United States is currently at a record high of

831
00:39:00,840 --> 00:39:04,360
Speaker 2: two than eight hundred and ninety four dollars per month

832
00:39:04,719 --> 00:39:07,440
Speaker 2: in May of twenty twenty four. That is a fourteen

833
00:39:07,520 --> 00:39:11,040
Speaker 2: percent increase from just twenty twenty three. It's a twenty

834
00:39:11,040 --> 00:39:13,560
Speaker 2: three percent increase from twenty twenty two. And wait for

835
00:39:13,600 --> 00:39:18,080
Speaker 2: this one. It is a seventy eight percent increase from

836
00:39:18,120 --> 00:39:21,279
Speaker 2: twenty and twenty one. A seventy eight percent increase for

837
00:39:21,320 --> 00:39:25,000
Speaker 2: the median monthly mortgage payment from twenty twenty one. In

838
00:39:25,239 --> 00:39:28,560
Speaker 2: just the span of three years, No wonder, you should

839
00:39:28,560 --> 00:39:32,200
Speaker 2: be freaking out. That is straight up unattainable. That's almost

840
00:39:32,200 --> 00:39:34,680
Speaker 2: three thousand dollars a month. That's thirty six grand a

841
00:39:34,760 --> 00:39:38,759
Speaker 2: year roughly after tax income that is coming out if

842
00:39:38,760 --> 00:39:40,239
Speaker 2: you want to try and not break the rule of

843
00:39:40,280 --> 00:39:42,120
Speaker 2: it shouldn't be more than a third of your take

844
00:39:42,160 --> 00:39:43,360
Speaker 2: home pay or whatever.

845
00:39:43,440 --> 00:39:45,520
Speaker 3: Good luck, hope you make one hundred grand. You know,

846
00:39:45,560 --> 00:39:46,239
Speaker 3: it's like yeah, And.

847
00:39:46,160 --> 00:39:48,399
Speaker 2: Then if you do make one hundred grand, you're very

848
00:39:48,480 --> 00:39:50,640
Speaker 2: likely not living in a place where you can get

849
00:39:50,640 --> 00:39:53,279
Speaker 2: anywhere close to that median. You are living in one

850
00:39:53,320 --> 00:39:55,759
Speaker 2: of the top ten metro areas and you're gonna be

851
00:39:55,800 --> 00:39:58,160
Speaker 2: pooning up a million bucks per house if you're even

852
00:39:58,239 --> 00:40:00,000
Speaker 2: lucky to be able to afford one, or you better

853
00:40:00,080 --> 00:40:01,359
Speaker 2: average parents, good luck to you.

854
00:40:01,440 --> 00:40:04,400
Speaker 1: I mean, a seventy eight percent increase just from twenty

855
00:40:04,520 --> 00:40:05,960
Speaker 1: twenty one.

856
00:40:06,400 --> 00:40:09,600
Speaker 4: That that is that is wild. And listen.

857
00:40:09,880 --> 00:40:12,320
Speaker 1: One of the things I found interesting in the Redfin

858
00:40:12,400 --> 00:40:15,040
Speaker 1: survey of like people's issue priorities. So when you get

859
00:40:15,080 --> 00:40:18,960
Speaker 1: to Gen X and boomers who benefited, you know, when

860
00:40:18,960 --> 00:40:22,400
Speaker 1: they were coming into adulthood from much more affordable housing.

861
00:40:22,600 --> 00:40:24,960
Speaker 1: You know, certainly for the boomers, less so for the exers,

862
00:40:25,000 --> 00:40:31,279
Speaker 1: but still they rank preserving democracy above housing affordability, and

863
00:40:31,480 --> 00:40:34,480
Speaker 1: obviously that's the pitch that the Democratic Party is really

864
00:40:34,560 --> 00:40:37,360
Speaker 1: leaning into that along with abortion rights. But the preserving

865
00:40:37,360 --> 00:40:40,080
Speaker 1: democracy that's been central for Biden central and the last campaign,

866
00:40:40,080 --> 00:40:43,800
Speaker 1: it's central for him now. And listen, the bottom line

867
00:40:43,840 --> 00:40:46,040
Speaker 1: is you can't really expect people to care that much

868
00:40:46,080 --> 00:40:48,880
Speaker 1: about preserving democracy if they feel like democracy hasn't been

869
00:40:48,880 --> 00:40:52,400
Speaker 1: good for them, They're just not going to prioritize that

870
00:40:52,400 --> 00:40:55,080
Speaker 1: that highly. You know, the way for people to really

871
00:40:55,120 --> 00:40:59,319
Speaker 1: care about democracy is when they see the democracy delivering

872
00:40:59,440 --> 00:41:01,759
Speaker 1: for them in their families. Then it's like, Okay, this

873
00:41:01,800 --> 00:41:03,920
Speaker 1: is a great system. This is something that's worth fighting

874
00:41:03,960 --> 00:41:07,200
Speaker 1: for and worth preserving. But if all you see is

875
00:41:07,320 --> 00:41:11,040
Speaker 1: you know, your concern is getting ignored and asset prices

876
00:41:11,120 --> 00:41:13,520
Speaker 1: going up and up and up year after year after

877
00:41:13,640 --> 00:41:16,200
Speaker 1: year in a way that benefits people who already own

878
00:41:16,280 --> 00:41:19,439
Speaker 1: those assets but completely screws people who are shut out

879
00:41:19,560 --> 00:41:22,880
Speaker 1: of ever owning those assets, then yeah, you're going to

880
00:41:22,920 --> 00:41:25,160
Speaker 1: prioritize other things and you're not going to be as

881
00:41:25,160 --> 00:41:28,560
Speaker 1: impressed with the like but Trump argument this time around,

882
00:41:28,880 --> 00:41:31,040
Speaker 1: and that's exactly what we're seeing.

883
00:41:31,800 --> 00:41:34,440
Speaker 4: I mentioned the asset prices. This is related to this.

884
00:41:34,480 --> 00:41:36,440
Speaker 1: Put the Wall Street Journal thing up on the screen,

885
00:41:36,560 --> 00:41:41,560
Speaker 1: which shows one of the major bifurcations in our economy,

886
00:41:41,840 --> 00:41:44,080
Speaker 1: because it really is a tale of the haves.

887
00:41:43,800 --> 00:41:44,480
Speaker 4: And have nuts.

888
00:41:44,600 --> 00:41:48,960
Speaker 1: Americans overall now have more investment income than ever before.

889
00:41:49,520 --> 00:41:54,840
Speaker 1: Booming economy, rising household wealth help some consumers to keep spending.

890
00:41:55,239 --> 00:41:59,000
Speaker 1: So people who have houses, people who have four to

891
00:41:59,120 --> 00:42:04,320
Speaker 1: one ks a flush with investment cash, people who have stocks,

892
00:42:04,360 --> 00:42:07,560
Speaker 1: who have mutual funds, who have bonds, those people are

893
00:42:07,600 --> 00:42:10,839
Speaker 1: doing very well and effectively. Not to get too much

894
00:42:10,880 --> 00:42:13,560
Speaker 1: in the economic weeds here, but we've had decades where

895
00:42:13,600 --> 00:42:17,200
Speaker 1: most a lot of economic policy has basically been dedicated

896
00:42:17,280 --> 00:42:21,720
Speaker 1: to increasing and increasing and increasing asset prices, which again

897
00:42:21,920 --> 00:42:24,240
Speaker 1: is great if you already own stuff, and it's terrible

898
00:42:24,280 --> 00:42:26,480
Speaker 1: if you don't, and you would like to one day

899
00:42:26,640 --> 00:42:29,200
Speaker 1: have a house, for example, and be able to get

900
00:42:29,239 --> 00:42:34,120
Speaker 1: into the asset ownership economy. And we never talked about

901
00:42:34,120 --> 00:42:37,120
Speaker 1: that as inflation, right, it was seen to be totally

902
00:42:37,200 --> 00:42:40,480
Speaker 1: separate from what people are paying at the grocery store

903
00:42:40,520 --> 00:42:42,959
Speaker 1: and those sorts of transactions. Well, first of all, they're

904
00:42:43,120 --> 00:42:46,120
Speaker 1: not totally separate. And second of all, when you create

905
00:42:46,160 --> 00:42:49,800
Speaker 1: this huge divide between the asset ownership class and everyone else,

906
00:42:50,200 --> 00:42:52,719
Speaker 1: that just continues to spiral out and control. And we

907
00:42:52,760 --> 00:42:55,680
Speaker 1: have more indications of that that you can put this

908
00:42:55,800 --> 00:42:58,399
Speaker 1: up on the screen. The world has never had as

909
00:42:58,480 --> 00:43:01,640
Speaker 1: many rich people as it does right now. The world's

910
00:43:01,719 --> 00:43:05,760
Speaker 1: richest have never been so wealthy. According to a new study,

911
00:43:05,800 --> 00:43:08,919
Speaker 1: the number of high net worth individuals rose by five

912
00:43:09,040 --> 00:43:12,359
Speaker 1: percent last year. So yeah, again, if you've got a

913
00:43:12,360 --> 00:43:15,560
Speaker 1: lot of stocks, if you've got a house, and you're

914
00:43:15,560 --> 00:43:18,600
Speaker 1: seeing the way those prices are spiraling in, spiraling and spiraling,

915
00:43:18,640 --> 00:43:19,800
Speaker 1: this is all working out.

916
00:43:19,640 --> 00:43:20,560
Speaker 4: Pretty well for you.

917
00:43:20,960 --> 00:43:23,640
Speaker 1: But if your Gen Z, if you're millennial, if you're

918
00:43:23,719 --> 00:43:26,000
Speaker 1: you know, Gen Alpha, when they come along as well,

919
00:43:26,080 --> 00:43:29,960
Speaker 1: it's assuming this trend continues, this is a really dire

920
00:43:30,040 --> 00:43:33,440
Speaker 1: situation and you have so little hope of achieving the

921
00:43:33,600 --> 00:43:37,880
Speaker 1: level of stability and comfort and just like middle class

922
00:43:38,080 --> 00:43:41,560
Speaker 1: lack of precarity that your parents may have benefited from.

923
00:43:41,680 --> 00:43:44,960
Speaker 2: Yeah, absolutely, you really see a real shift too. Also know,

924
00:43:45,040 --> 00:43:46,799
Speaker 2: I kind of hate stuff like that too, because people

925
00:43:46,840 --> 00:43:49,239
Speaker 2: will there's a lot of neoliberals out there who will

926
00:43:49,239 --> 00:43:51,000
Speaker 2: be like, see we're living in the best time. They're

927
00:43:51,000 --> 00:43:53,680
Speaker 2: like world's richest have never been so wealthy. The vast

928
00:43:53,680 --> 00:43:56,160
Speaker 2: majority of this new wealth is coming from China. You know,

929
00:43:56,200 --> 00:43:58,680
Speaker 2: I just listened to this great series. It's called the

930
00:43:58,719 --> 00:44:01,960
Speaker 2: Acquired Podcast. Shout Out the Acquired Podcast. It's like a

931
00:44:02,080 --> 00:44:05,160
Speaker 2: history of companies, and they did air meztle listening.

932
00:44:05,200 --> 00:44:07,720
Speaker 3: You know. Interesting in terms of the history of luxury goods.

933
00:44:07,760 --> 00:44:10,200
Speaker 2: Over fifty percent of their business now is just from China,

934
00:44:10,239 --> 00:44:12,160
Speaker 2: like all of their growth is China, and then the

935
00:44:12,160 --> 00:44:14,719
Speaker 2: other ten percent is Japan. If you look at a

936
00:44:14,760 --> 00:44:16,960
Speaker 2: lot of this stuff that's getting rolled up, it is

937
00:44:17,000 --> 00:44:20,279
Speaker 2: at the direct expense of the American middle class, and

938
00:44:20,400 --> 00:44:23,960
Speaker 2: multi billionaires are getting created overseas. You know, there was

939
00:44:24,000 --> 00:44:25,840
Speaker 2: a guy named Donald Trump. He used to talk about

940
00:44:25,840 --> 00:44:29,640
Speaker 2: this back in the day, not saying not as much anymore. Yeah,

941
00:44:29,680 --> 00:44:31,319
Speaker 2: I guess if he did, maybe it would help him out.

942
00:44:31,360 --> 00:44:36,960
Speaker 2: But what we see is very important is that overall

943
00:44:37,080 --> 00:44:42,080
Speaker 2: fundamentals of the nineteen fifties, sixties, and seventies, the genuine

944
00:44:42,120 --> 00:44:46,040
Speaker 2: American dream post World War Two order, it has eroded

945
00:44:46,080 --> 00:44:48,719
Speaker 2: to the point of it basically being dead. With the

946
00:44:48,719 --> 00:44:53,520
Speaker 2: combination of high interest rates, extremely high prices and a

947
00:44:53,680 --> 00:44:56,880
Speaker 2: very very middle and soft job market. Now again, I

948
00:44:56,880 --> 00:44:59,800
Speaker 2: want to explain there, because the Biden administration plays tricks

949
00:45:00,200 --> 00:45:03,160
Speaker 2: four percent unemployment, et cetera. When you look at the wages,

950
00:45:03,200 --> 00:45:05,920
Speaker 2: and you look at the level of underemployment, specifically with

951
00:45:06,239 --> 00:45:09,439
Speaker 2: a lot of these gen zs, and you combine household debt,

952
00:45:09,480 --> 00:45:11,759
Speaker 2: credit card debt, and student debt on top of that,

953
00:45:11,840 --> 00:45:15,240
Speaker 2: it's the raws deal. Since you know, basically from the beginning,

954
00:45:15,360 --> 00:45:17,440
Speaker 2: let's also put this up there again on the screen

955
00:45:17,760 --> 00:45:21,680
Speaker 2: just to see people for swing voters. Amongst swing voters,

956
00:45:21,719 --> 00:45:24,439
Speaker 2: policies that could be Biden part of Biden's second term.

957
00:45:24,680 --> 00:45:27,920
Speaker 2: Swing voters are split on which would make them vote

958
00:45:27,960 --> 00:45:30,719
Speaker 2: for him. But what you see increasingly is that the

959
00:45:30,840 --> 00:45:34,040
Speaker 2: economy and the high cost of living and anything that

960
00:45:34,080 --> 00:45:39,120
Speaker 2: could actually address that is wildly popular. The most popular,

961
00:45:39,239 --> 00:45:41,400
Speaker 2: you know, in this survey is raising taxes on the

962
00:45:41,480 --> 00:45:44,440
Speaker 2: wealthy at twenty three percent, raising the minimum wage to

963
00:45:44,480 --> 00:45:48,000
Speaker 2: fifteen dollars an hour, Increased border security at seventeen percent,

964
00:45:48,280 --> 00:45:51,520
Speaker 2: expansion of Medicare to vision, dental and hearing at sixteen,

965
00:45:51,800 --> 00:45:55,080
Speaker 2: increase protections for abortion is sixteen, crack down on corporate

966
00:45:55,080 --> 00:45:57,960
Speaker 2: price gouging is sixteen, limit the sale of assault weapons

967
00:45:57,960 --> 00:46:00,319
Speaker 2: twelve cancel student debt for more borrows, a left an

968
00:46:00,360 --> 00:46:02,920
Speaker 2: increased running purpose. So you see a mix and smattering

969
00:46:03,160 --> 00:46:04,879
Speaker 2: of culture. But you know, at the very very top,

970
00:46:04,960 --> 00:46:07,240
Speaker 2: you've got raising taxes on the wealthy, raising the minimum

971
00:46:07,239 --> 00:46:09,319
Speaker 2: wage with fi fifteen dollars an hour. I mean, it's

972
00:46:09,440 --> 00:46:12,040
Speaker 2: very clear with the impetus and the things that could

973
00:46:12,040 --> 00:46:15,080
Speaker 2: actually bring people out to vote for you, and you

974
00:46:15,120 --> 00:46:17,080
Speaker 2: could do it in such a way where you don't

975
00:46:17,080 --> 00:46:19,440
Speaker 2: have to touch anybody's household.

976
00:46:18,920 --> 00:46:20,360
Speaker 3: Balance sheets during these things.

977
00:46:20,640 --> 00:46:23,720
Speaker 2: I really encourage people to go and to learn about

978
00:46:23,719 --> 00:46:27,480
Speaker 2: things like the step up basis for multi gajillionaires and

979
00:46:27,520 --> 00:46:29,320
Speaker 2: for the carried interest loophole.

980
00:46:29,520 --> 00:46:31,520
Speaker 3: I mean that one alone in.

981
00:46:31,560 --> 00:46:35,000
Speaker 2: Terms of or a high frequency trading tax, any of

982
00:46:35,000 --> 00:46:38,279
Speaker 2: this stuff. If you adjust that even marginally to like

983
00:46:38,400 --> 00:46:40,400
Speaker 2: one percent, right now, it carried interest to zero. So

984
00:46:40,440 --> 00:46:42,239
Speaker 2: let's say you put like five per we're talking about

985
00:46:42,280 --> 00:46:46,399
Speaker 2: hundreds of billions of dollars that are unlocked immediately. Nobody

986
00:46:46,600 --> 00:46:49,239
Speaker 2: on earth except for a bunch of people on Wall

987
00:46:49,280 --> 00:46:52,160
Speaker 2: Street and in Silicon Valley would feel that. And yet

988
00:46:52,280 --> 00:46:54,960
Speaker 2: you know it's smeared by a lot of those people

989
00:46:55,160 --> 00:46:56,640
Speaker 2: in the same way as if you're going to some

990
00:46:56,719 --> 00:46:59,680
Speaker 2: doctor's houses making three hundred grand and be like, all right, doc,

991
00:46:59,719 --> 00:47:02,560
Speaker 2: it's to pony up ten more percent of your income.

992
00:47:02,719 --> 00:47:04,759
Speaker 3: That's that's what The sheer.

993
00:47:04,560 --> 00:47:07,279
Speaker 2: Reality of how the ultra wealthy get away with paying

994
00:47:07,280 --> 00:47:10,759
Speaker 2: effective tax rates of like five to ten percent through

995
00:47:10,880 --> 00:47:14,000
Speaker 2: manipulating the tax code is one which has been lost

996
00:47:14,000 --> 00:47:15,760
Speaker 2: from the national discourse, and it's.

997
00:47:15,640 --> 00:47:16,320
Speaker 3: Really a tragy.

998
00:47:16,320 --> 00:47:19,560
Speaker 2: But at the very least people do intuitively understand that

999
00:47:19,640 --> 00:47:21,359
Speaker 2: you can do that, and you should, you know, in

1000
00:47:21,360 --> 00:47:25,560
Speaker 2: some cases while actually still not touching even the middle class,

1001
00:47:25,600 --> 00:47:27,600
Speaker 2: upper middle class way of life at all, you don't

1002
00:47:27,640 --> 00:47:27,880
Speaker 2: have to.

1003
00:47:28,400 --> 00:47:31,600
Speaker 1: It's very interesting what has happened in Mexico and the

1004
00:47:31,640 --> 00:47:36,760
Speaker 1: Mexican economic model under AMLO, because it is a direct

1005
00:47:36,760 --> 00:47:41,200
Speaker 1: contradiction of all of the you know, all of the

1006
00:47:41,239 --> 00:47:44,359
Speaker 1: talking points of neoliberalism, you know, the idea of like.

1007
00:47:44,440 --> 00:47:45,799
Speaker 4: Rise and tide lifts all both.

1008
00:47:45,880 --> 00:47:47,880
Speaker 1: So if we just keep growing the GDP, if we

1009
00:47:48,000 --> 00:47:50,879
Speaker 1: just you know, keep shipping tax cuts to the rich

1010
00:47:50,960 --> 00:47:54,240
Speaker 1: and to corporations, and that's going to cause GDP growth

1011
00:47:54,239 --> 00:47:56,719
Speaker 1: to rise. That's going to be good for everyone. Well,

1012
00:47:56,840 --> 00:48:00,200
Speaker 1: the Mexican economy, it hasn't been growing gangbusters, and it's

1013
00:48:00,200 --> 00:48:03,480
Speaker 1: been fairly anemic in terms of GDP growth. But the

1014
00:48:03,520 --> 00:48:07,239
Speaker 1: policy a variety of policies, but one of them in particular,

1015
00:48:07,280 --> 00:48:09,560
Speaker 1: which was the sort of aggressive hikes of the minimum wage,

1016
00:48:09,560 --> 00:48:14,399
Speaker 1: which really delivered for vast majority of average Mexicans, made

1017
00:48:14,400 --> 00:48:18,880
Speaker 1: it so that even under relatively anemic GDP growth, people

1018
00:48:18,880 --> 00:48:21,560
Speaker 1: felt like, but this is working much better for me.

1019
00:48:22,000 --> 00:48:25,920
Speaker 1: That is so directly contradictory to the logic that has

1020
00:48:25,960 --> 00:48:28,640
Speaker 1: prevailed here for you know, my entire life and your

1021
00:48:28,800 --> 00:48:32,280
Speaker 1: entire life, certainly. So I thought that was an extraordinary example.

1022
00:48:32,280 --> 00:48:34,480
Speaker 1: And obviously, you know, not only was it good for

1023
00:48:34,560 --> 00:48:38,120
Speaker 1: average workers there, but obviously was extraordinarily good for Amlow

1024
00:48:38,160 --> 00:48:42,799
Speaker 1: and now his successor in terms of electoral politics. So

1025
00:48:43,080 --> 00:48:45,759
Speaker 1: you know, if you look at these surveys, it's not

1026
00:48:45,840 --> 00:48:48,560
Speaker 1: a mystery. The number one thing that people say would

1027
00:48:48,560 --> 00:48:50,840
Speaker 1: shift them to Biden is if you raised taxes on

1028
00:48:50,880 --> 00:48:53,399
Speaker 1: the ridge, and he's got a wide open lane because

1029
00:48:53,400 --> 00:48:55,640
Speaker 1: you've got Donald Trump out there meeting with billionaires and

1030
00:48:55,640 --> 00:48:57,400
Speaker 1: saying I'm going to cut your taxes. I did it

1031
00:48:57,480 --> 00:48:59,000
Speaker 1: last time, and I'm going to make sure that we

1032
00:48:59,160 --> 00:49:03,279
Speaker 1: do it again, so the lane is open if anyone wanted.

1033
00:49:03,040 --> 00:49:04,680
Speaker 4: To actually take it.

1034
00:49:04,760 --> 00:49:06,839
Speaker 1: And I think the housing one, I mean, we've talked

1035
00:49:06,840 --> 00:49:09,120
Speaker 1: about this ad nauseum at this point because it's just

1036
00:49:09,160 --> 00:49:12,399
Speaker 1: so obvious, it's just so clear, and they're I want

1037
00:49:12,400 --> 00:49:15,120
Speaker 1: to be fair, there are some democratic proposals that are

1038
00:49:15,200 --> 00:49:17,640
Speaker 1: out there that kind of tinker around the edges, but

1039
00:49:17,760 --> 00:49:20,360
Speaker 1: in terms of someone really taking hold of this issue

1040
00:49:20,400 --> 00:49:24,080
Speaker 1: and really running on it aggressively, it just doesn't happen.

1041
00:49:24,239 --> 00:49:26,920
Speaker 1: And part of it is because you have a lot

1042
00:49:26,920 --> 00:49:29,480
Speaker 1: of powerful interests and a lot of you know, boomers

1043
00:49:29,480 --> 00:49:32,760
Speaker 1: who vote a whole lot are very interested in keeping

1044
00:49:32,760 --> 00:49:36,480
Speaker 1: those housing prizes high and continuing to see an escalation

1045
00:49:36,560 --> 00:49:39,600
Speaker 1: in their own net worth as asset prices continue to.

1046
00:49:39,600 --> 00:49:41,160
Speaker 4: Inflate and inflate and inflate.

1047
00:49:41,320 --> 00:49:45,680
Speaker 1: So very interesting survey, very revealing of what people's actual

1048
00:49:45,719 --> 00:49:47,240
Speaker 1: priorities are and what could move the needle.

1049
00:49:47,320 --> 00:49:49,960
Speaker 3: Shocking shocking, isn't I mean?

1050
00:49:50,040 --> 00:49:52,760
Speaker 2: Yeah, Look, and I'll return to to what you said

1051
00:49:52,760 --> 00:49:55,080
Speaker 2: about Mexico, and I mean, this is again, is very

1052
00:49:55,120 --> 00:49:57,239
Speaker 2: counter to a lot of the way that Americans think,

1053
00:49:57,280 --> 00:50:00,000
Speaker 2: and this is empirical crime and under Amlow has got

1054
00:50:00,200 --> 00:50:02,680
Speaker 2: out of control. There have been insane cartel killings and

1055
00:50:02,680 --> 00:50:05,000
Speaker 2: all that. He's still one of the most popular presidents

1056
00:50:05,040 --> 00:50:06,720
Speaker 2: in the entire and those one of the most popular

1057
00:50:06,800 --> 00:50:09,720
Speaker 2: leaders in the world. I would also point back to Modi.

1058
00:50:09,920 --> 00:50:12,920
Speaker 2: One of the things that people always misunderstand India, the

1059
00:50:13,000 --> 00:50:16,319
Speaker 2: original Moody twenty fourteen Mody It had nothing to do

1060
00:50:16,680 --> 00:50:19,880
Speaker 2: with culture. It was about the broken economic consensus of

1061
00:50:19,920 --> 00:50:23,200
Speaker 2: the Congress Party. There was this whole program called Baratrice

1062
00:50:23,239 --> 00:50:26,200
Speaker 2: where people were getting free food. Eight hundred million people

1063
00:50:26,239 --> 00:50:28,760
Speaker 2: were getting free food from the government. There was also

1064
00:50:28,880 --> 00:50:33,680
Speaker 2: a direct attack at corruption. He himself was viewed as unassailable.

1065
00:50:33,719 --> 00:50:36,040
Speaker 2: He's not married and part of the thing is that

1066
00:50:36,160 --> 00:50:39,320
Speaker 2: in India it's very common to have like nepotistic arrangements,

1067
00:50:39,360 --> 00:50:42,080
Speaker 2: so his lack of children was like a big selling point.

1068
00:50:42,160 --> 00:50:42,640
Speaker 3: Yeah, exactly.

1069
00:50:43,360 --> 00:50:47,080
Speaker 2: No familiar networking can like spread the money around. He

1070
00:50:47,200 --> 00:50:50,360
Speaker 2: was seen in the early period as a real economic savior.

1071
00:50:50,480 --> 00:50:53,239
Speaker 2: Then what happens after COVID You have massive inflation, you

1072
00:50:53,280 --> 00:50:55,680
Speaker 2: have all these shocks to the economy, you have some

1073
00:50:55,760 --> 00:50:58,600
Speaker 2: of this crazy stuff going on with a Nani and company,

1074
00:50:58,640 --> 00:51:00,719
Speaker 2: and they literally they really forgot you know, some of

1075
00:51:00,760 --> 00:51:03,160
Speaker 2: their early routes, and that's what happened with a lot

1076
00:51:03,239 --> 00:51:06,200
Speaker 2: of these low cast voters who then return to the

1077
00:51:06,239 --> 00:51:09,399
Speaker 2: Congress Party. And now with the new coalition he's gonna

1078
00:51:09,400 --> 00:51:11,640
Speaker 2: have if he wants to win any popular election again

1079
00:51:11,719 --> 00:51:14,080
Speaker 2: or BJP does, they are going to have to return

1080
00:51:14,120 --> 00:51:17,120
Speaker 2: to that devaluation that happened early where they tried to

1081
00:51:17,160 --> 00:51:19,799
Speaker 2: target a lot of the corruption, where they really tried

1082
00:51:19,800 --> 00:51:23,360
Speaker 2: to go after inflation. They have to stop necessarily targeting

1083
00:51:23,400 --> 00:51:25,920
Speaker 2: like rich fdi to come in and actually try and

1084
00:51:26,000 --> 00:51:28,279
Speaker 2: rise some of the wages and things like that. So

1085
00:51:28,400 --> 00:51:30,200
Speaker 2: let that be a lesson too in terms of what

1086
00:51:30,280 --> 00:51:33,000
Speaker 2: things abroad can teach us, you know, here in the country.

1087
00:51:33,040 --> 00:51:36,120
Speaker 1: Yeah, I mean, it seems like they really misjudged their

1088
00:51:36,120 --> 00:51:38,840
Speaker 1: own electorate and they thought it was like, if we

1089
00:51:39,000 --> 00:51:44,680
Speaker 1: just deliver you deliver you this like Hindu nationalist cultural peace,

1090
00:51:45,200 --> 00:51:48,400
Speaker 1: that will be sufficient. And you know, it looks like

1091
00:51:48,400 --> 00:51:49,480
Speaker 1: they were really rebuked on that.

1092
00:51:49,560 --> 00:51:49,719
Speaker 2: Yeah.

1093
00:51:49,760 --> 00:51:51,400
Speaker 3: Well, and also look, it's a very different country to

1094
00:51:51,440 --> 00:51:51,880
Speaker 3: poll have.

1095
00:51:52,040 --> 00:51:54,439
Speaker 2: You know, there's a huge portion of the population doesn't

1096
00:51:54,440 --> 00:51:57,360
Speaker 2: even read like it's a tough place to actually gauge,

1097
00:51:57,400 --> 00:51:59,239
Speaker 2: like what the hell is going on people speak all

1098
00:51:59,239 --> 00:52:02,080
Speaker 2: these different languages, and not by no means an expert.

1099
00:52:02,120 --> 00:52:03,719
Speaker 2: This is just from the people that I trust you

1100
00:52:03,760 --> 00:52:06,680
Speaker 2: cover India from what I've been able to read. But broadly,

1101
00:52:07,040 --> 00:52:09,200
Speaker 2: what it came down to is that they had the

1102
00:52:09,320 --> 00:52:12,280
Speaker 2: choice on what to really emphasize going into the election,

1103
00:52:12,640 --> 00:52:15,160
Speaker 2: and in going with that, they thought they had done

1104
00:52:15,360 --> 00:52:18,080
Speaker 2: enough on the economic front that they could do some

1105
00:52:18,200 --> 00:52:20,839
Speaker 2: of the cultural stuff and fuse that together to win

1106
00:52:21,160 --> 00:52:25,640
Speaker 2: an overwhelming popular majority. But they significantly misjudge how a

1107
00:52:25,680 --> 00:52:29,080
Speaker 2: lot of poorer, lower caste Indians were going to see

1108
00:52:29,360 --> 00:52:32,120
Speaker 2: what they viewed as an abandonment of that economic cost.

1109
00:52:32,200 --> 00:52:34,799
Speaker 2: So by returning but in the coalition government where they

1110
00:52:34,840 --> 00:52:36,680
Speaker 2: are right now, they're definitely going to have to return

1111
00:52:36,680 --> 00:52:38,680
Speaker 2: to their roots. Or what we are watching is for

1112
00:52:38,800 --> 00:52:41,200
Speaker 2: years everyone said, oh, the Congress Party in India is dead,

1113
00:52:41,200 --> 00:52:43,960
Speaker 2: It's dead forever. Now definitely not true. Now you know

1114
00:52:44,120 --> 00:52:46,360
Speaker 2: Rahu Gandhi and all these people, they're making a comeback.

1115
00:52:46,880 --> 00:52:48,959
Speaker 2: I don't necessarily want to see that. So you guys

1116
00:52:48,960 --> 00:52:51,400
Speaker 2: better get your back together if you want to return

1117
00:52:51,440 --> 00:52:54,520
Speaker 2: to that big consensus that everybody thought that you had

1118
00:52:54,719 --> 00:52:59,920
Speaker 2: in India. All right, let's go to the Internet section.

1119
00:53:00,680 --> 00:53:04,240
Speaker 2: I've been laughing about this for two days straight because

1120
00:53:04,480 --> 00:53:08,480
Speaker 2: it is just the most perfect story. A gift of

1121
00:53:08,560 --> 00:53:11,680
Speaker 2: altruism perhaps turns into a curse. Let's put this up

1122
00:53:11,719 --> 00:53:15,840
Speaker 2: there on the screen. So there's a remote Amazonian tribe

1123
00:53:16,080 --> 00:53:20,879
Speaker 2: which very recently was given access to the Internet by

1124
00:53:21,080 --> 00:53:22,640
Speaker 2: Starlink and Elon Musk.

1125
00:53:22,920 --> 00:53:24,000
Speaker 3: It was viewed as.

1126
00:53:23,920 --> 00:53:26,600
Speaker 1: There was some other donor who was benefactor, that's what

1127
00:53:26,640 --> 00:53:27,319
Speaker 1: gifted it, but.

1128
00:53:27,280 --> 00:53:30,359
Speaker 2: It gets it was an Elon Musk darling to the

1129
00:53:30,440 --> 00:53:32,320
Speaker 2: Marubo people, which is deep.

1130
00:53:32,960 --> 00:53:34,160
Speaker 3: I'm gonna mispronounce this.

1131
00:53:34,239 --> 00:53:37,799
Speaker 2: It is quote huts scattered hundreds of miles along the

1132
00:53:37,840 --> 00:53:41,160
Speaker 2: Itu River, deep in the Amazonian rainforest.

1133
00:53:41,200 --> 00:53:42,600
Speaker 3: They speak their own language.

1134
00:53:42,719 --> 00:53:45,319
Speaker 2: They take ayahuasca to connect with the forest spirits, and

1135
00:53:45,320 --> 00:53:48,120
Speaker 2: they trapped spider monkeys to make soup or to keep

1136
00:53:48,239 --> 00:53:50,480
Speaker 2: as pets. They have preserved this life for hundreds of

1137
00:53:50,560 --> 00:53:54,040
Speaker 2: years through isolation. Some villages take up to a week

1138
00:53:54,400 --> 00:53:57,880
Speaker 2: just to reach. In September, they were given access to

1139
00:53:58,080 --> 00:54:00,640
Speaker 2: high speed internet. And this is a two zousand member

1140
00:54:00,680 --> 00:54:03,839
Speaker 2: tribe that is deep in Brazil. Well, it appears that

1141
00:54:04,040 --> 00:54:07,600
Speaker 2: since September things have not been going so well. According

1142
00:54:07,640 --> 00:54:11,080
Speaker 2: to the elders, it seems that many of the younger

1143
00:54:11,120 --> 00:54:15,399
Speaker 2: folks are now hooked quote on porn and on social media.

1144
00:54:15,760 --> 00:54:18,600
Speaker 2: Some of the quotes in here are just fantastic. So

1145
00:54:18,840 --> 00:54:22,440
Speaker 2: here's some of the elders who are talking. When it arrived,

1146
00:54:22,560 --> 00:54:25,640
Speaker 2: everyone was happy, but now things have gotten worse. Young

1147
00:54:25,680 --> 00:54:28,359
Speaker 2: people have gotten lazy because of the Internet. They are

1148
00:54:28,440 --> 00:54:31,239
Speaker 2: learning the ways of the white people. They say. The

1149
00:54:31,280 --> 00:54:34,640
Speaker 2: Marubo are a very chaste tribe who frowned even upon

1150
00:54:34,760 --> 00:54:37,840
Speaker 2: kissing in public. But now ever since the arrival of

1151
00:54:37,920 --> 00:54:42,080
Speaker 2: the Internet and of pornography, quote, young Marubo men have

1152
00:54:42,160 --> 00:54:44,640
Speaker 2: been sharing porn in group chat. I love how they

1153
00:54:44,640 --> 00:54:47,960
Speaker 2: already have group chats and have already observed more quote

1154
00:54:48,000 --> 00:54:52,160
Speaker 2: aggressive sexual behavior. The elders say, we are very worried

1155
00:54:52,200 --> 00:54:53,920
Speaker 2: young people are going to want to try it. He

1156
00:54:53,960 --> 00:54:56,800
Speaker 2: says of kinky sex acts that they have been exposed

1157
00:54:56,800 --> 00:54:59,920
Speaker 2: to on the screen. Everyone is so connected sometimes they

1158
00:55:00,000 --> 00:55:04,279
Speaker 2: they stop talking to their own family. They also talk

1159
00:55:04,280 --> 00:55:07,480
Speaker 2: about how social media and others has increased the amount

1160
00:55:07,480 --> 00:55:10,320
Speaker 2: of screen time that a lot of people are spending,

1161
00:55:10,560 --> 00:55:13,479
Speaker 2: and they are forgetting that they don't live the type

1162
00:55:13,480 --> 00:55:15,440
Speaker 2: of lifestyle you and I live. Crystal they live an

1163
00:55:15,560 --> 00:55:19,560
Speaker 2: actual subsistence life. They're like, hey, man, you gotta go fish, you.

1164
00:55:19,520 --> 00:55:20,000
Speaker 3: Gotta go on.

1165
00:55:20,239 --> 00:55:22,120
Speaker 2: We're not you gotta get your ass out there because

1166
00:55:22,200 --> 00:55:24,600
Speaker 2: we're old. You're the ones who are supposed to feed us,

1167
00:55:24,640 --> 00:55:26,520
Speaker 2: and you need to go catch everything. It's a relatively

1168
00:55:26,800 --> 00:55:30,239
Speaker 2: communal society. So this is like the perfect example what

1169
00:55:30,440 --> 00:55:32,279
Speaker 2: happens when technology rolls it.

1170
00:55:32,280 --> 00:55:33,279
Speaker 3: It's a tail as old as time.

1171
00:55:33,320 --> 00:55:35,880
Speaker 2: We've got an indigenous way of life, there's actual balance

1172
00:55:36,080 --> 00:55:38,399
Speaker 2: with nature, and then what happens, Oh, the Russians come

1173
00:55:38,400 --> 00:55:40,399
Speaker 2: in and they happen to leave a bottle alcohol there

1174
00:55:40,440 --> 00:55:42,399
Speaker 2: and a piece of metal and boom, ten years later,

1175
00:55:42,600 --> 00:55:45,720
Speaker 2: everything goes to shit. Every single time you read about

1176
00:55:45,760 --> 00:55:49,759
Speaker 2: something like this, it's almost never a positive development. And

1177
00:55:49,840 --> 00:55:53,239
Speaker 2: yet you know, we can see in the most extreme

1178
00:55:53,320 --> 00:55:56,400
Speaker 2: way what this has done on a macro level to

1179
00:55:56,520 --> 00:55:57,560
Speaker 2: our overall society.

1180
00:55:57,600 --> 00:55:59,360
Speaker 1: So that's why I wanted to cover it. Yeah, I

1181
00:55:59,360 --> 00:56:01,840
Speaker 1: mean there's a lot. First of all, who's crazy idea

1182
00:56:01,920 --> 00:56:05,000
Speaker 1: was this? You can't you can't open the fire like

1183
00:56:05,160 --> 00:56:06,799
Speaker 1: they got to start with some flip.

1184
00:56:06,520 --> 00:56:08,680
Speaker 4: Phones, have some dial up.

1185
00:56:08,880 --> 00:56:10,920
Speaker 1: You know, you got to ease into this stuff. You

1186
00:56:10,960 --> 00:56:15,319
Speaker 1: can't just go full Internet starlink at high speed access.

1187
00:56:15,640 --> 00:56:17,680
Speaker 1: We had years to build up some sort of a

1188
00:56:17,760 --> 00:56:22,160
Speaker 1: tall stuff. It's true. One of the things they talked

1189
00:56:22,200 --> 00:56:24,719
Speaker 1: about is people getting scammed because I think if you

1190
00:56:24,760 --> 00:56:27,080
Speaker 1: live in like this village and you know everyone and

1191
00:56:27,080 --> 00:56:29,640
Speaker 1: you have these communal relationships, like people have to be

1192
00:56:29,719 --> 00:56:31,839
Speaker 1: honest with each other because you have to see these

1193
00:56:31,840 --> 00:56:34,399
Speaker 1: people face to face. You rely on them for your

1194
00:56:34,440 --> 00:56:37,880
Speaker 1: own like life and ability to hunt and do the

1195
00:56:37,920 --> 00:56:38,520
Speaker 1: things that you.

1196
00:56:38,560 --> 00:56:39,840
Speaker 4: Need to do to survive.

1197
00:56:40,320 --> 00:56:42,320
Speaker 1: So the idea of like this random person on the

1198
00:56:42,360 --> 00:56:44,920
Speaker 1: Internet is lying to me and they're scamming me must

1199
00:56:44,960 --> 00:56:45,600
Speaker 1: be so foreign.

1200
00:56:45,680 --> 00:56:48,000
Speaker 4: You see this with with elderly.

1201
00:56:47,640 --> 00:56:51,680
Speaker 1: People too, Like the things that we're sort of inured

1202
00:56:51,719 --> 00:56:52,800
Speaker 1: to and we'll see.

1203
00:56:52,680 --> 00:56:55,480
Speaker 4: Right off the bat is just a scam totally.

1204
00:56:55,320 --> 00:56:57,560
Speaker 1: Older people because they grow up in a different time

1205
00:56:58,239 --> 00:57:01,520
Speaker 1: when you know that type of skin wasn't prevalent, they

1206
00:57:01,560 --> 00:57:04,640
Speaker 1: don't have the same defense mechanism. You have to develop

1207
00:57:04,680 --> 00:57:08,480
Speaker 1: those things over time. So yeah, I think, listen, it's

1208
00:57:08,480 --> 00:57:13,040
Speaker 1: a new your posts. This may be really overstated. I

1209
00:57:13,040 --> 00:57:14,960
Speaker 1: do want to say there's like, you know, I'm a

1210
00:57:15,040 --> 00:57:18,440
Speaker 1: little bit skeptical of some of the nature of the reporting,

1211
00:57:18,480 --> 00:57:20,400
Speaker 1: but I have no doubt that this has like turned

1212
00:57:20,440 --> 00:57:23,400
Speaker 1: their traditional lifestyle upside down. And I also have no

1213
00:57:23,440 --> 00:57:25,240
Speaker 1: doubt there's no putting the genie back in the bottle

1214
00:57:25,440 --> 00:57:27,840
Speaker 1: because as much as we know this technology comes with

1215
00:57:27,880 --> 00:57:30,280
Speaker 1: a million downsides that I'm struggling with my own kids

1216
00:57:30,320 --> 00:57:32,560
Speaker 1: and my own life whatever, we also know it comes

1217
00:57:32,640 --> 00:57:34,520
Speaker 1: up to like some really cool stuff. And it's like,

1218
00:57:34,640 --> 00:57:36,760
Speaker 1: you know, I'm not looking to get rid of my smartphone,

1219
00:57:36,760 --> 00:57:38,280
Speaker 1: and I'm sure they're not looking to get rid of

1220
00:57:38,280 --> 00:57:42,000
Speaker 1: their internet access altogether either, because one of it has

1221
00:57:42,040 --> 00:57:45,800
Speaker 1: had positive benefits as well. Right, They talk about how

1222
00:57:46,240 --> 00:57:49,400
Speaker 1: they've been able to save lives. People get bitten by

1223
00:57:49,560 --> 00:57:52,200
Speaker 1: venomous snakes and now they can get help more quickly.

1224
00:57:52,520 --> 00:57:54,680
Speaker 1: They can actually you know, bring someone in to help

1225
00:57:55,280 --> 00:57:58,480
Speaker 1: people survive. They talk about how it's expanded the horizons

1226
00:57:58,480 --> 00:58:00,880
Speaker 1: of their young people also, where you know, they have

1227
00:58:01,000 --> 00:58:03,200
Speaker 1: aspirations that they never would have been able to have before,

1228
00:58:03,240 --> 00:58:05,080
Speaker 1: and that can be a beautiful thing as well.

1229
00:58:05,240 --> 00:58:07,240
Speaker 4: So you know, it's a double k.

1230
00:58:07,560 --> 00:58:10,440
Speaker 2: Of course, we were talking about India and our previous segment,

1231
00:58:10,640 --> 00:58:12,640
Speaker 2: I'll mention this, so I was recently in India. The

1232
00:58:12,680 --> 00:58:16,320
Speaker 2: way technology and mobile payments has taken off is incredible

1233
00:58:16,600 --> 00:58:19,560
Speaker 2: and so much to the benefit of the poorer classes

1234
00:58:19,800 --> 00:58:23,760
Speaker 2: in India. I watched them have cheap access that they

1235
00:58:23,760 --> 00:58:26,040
Speaker 2: can go on the street. Imagine there's like a cow

1236
00:58:26,120 --> 00:58:27,800
Speaker 2: and a donkey walking by, and you go to a

1237
00:58:27,800 --> 00:58:29,840
Speaker 2: guy who's sitting in a bamboo chair and you buy

1238
00:58:29,880 --> 00:58:31,640
Speaker 2: a SIM card off of him which has two hundred

1239
00:58:31,640 --> 00:58:34,560
Speaker 2: megabytes of data for one hundred repeats or something like that.

1240
00:58:34,720 --> 00:58:37,600
Speaker 2: And they have automatic which is like a dollar just

1241
00:58:37,640 --> 00:58:39,560
Speaker 2: for everybody who was watching. Then they put it into

1242
00:58:39,560 --> 00:58:43,000
Speaker 2: their phone and they've got automatic like five G plus Internet.

1243
00:58:43,200 --> 00:58:46,360
Speaker 2: Half of these guys can barely read. But the ability

1244
00:58:46,400 --> 00:58:48,520
Speaker 2: for the cheap internet and access and all that, it's

1245
00:58:48,560 --> 00:58:51,800
Speaker 2: opened up job opportunities. It's given them the ability to

1246
00:58:51,880 --> 00:58:54,200
Speaker 2: not have to rely as much on cash. They pay

1247
00:58:54,240 --> 00:58:57,080
Speaker 2: each other through verified payments because corruption and scams are

1248
00:58:57,080 --> 00:59:00,360
Speaker 2: a big problem in India. My grandparents are very old,

1249
00:59:00,400 --> 00:59:04,040
Speaker 2: they're over ninety years old. They literally can WhatsApp the

1250
00:59:04,200 --> 00:59:07,960
Speaker 2: corner stores for what they want. The corner lady comes

1251
00:59:08,000 --> 00:59:10,400
Speaker 2: to their apartment door and then he pays.

1252
00:59:10,120 --> 00:59:11,919
Speaker 3: Her on what I'm watching. My ninety four year.

1253
00:59:11,840 --> 00:59:14,800
Speaker 2: Old grandfather pay this lady on WhatsApp, there's no cash

1254
00:59:14,920 --> 00:59:17,080
Speaker 2: or anything exchange, he doesn't have to leave his house.

1255
00:59:17,360 --> 00:59:18,880
Speaker 2: I mean, there's a lot of benefits, right, and this

1256
00:59:18,920 --> 00:59:21,280
Speaker 2: is in a very, very poor place. You watch how

1257
00:59:21,320 --> 00:59:24,880
Speaker 2: technology change things instantly. Even villagers in the middle of

1258
00:59:24,920 --> 00:59:29,040
Speaker 2: nowhere whose parents literally cannot read are learning how to

1259
00:59:29,080 --> 00:59:32,200
Speaker 2: read off of YouTube videos in the middle of nowhere.

1260
00:59:32,200 --> 00:59:32,760
Speaker 3: It's shocked.

1261
00:59:32,800 --> 00:59:34,080
Speaker 2: I mean, they don't even have clothes on their back

1262
00:59:34,120 --> 00:59:36,400
Speaker 2: and they're learning how to read on YouTube. So, like

1263
00:59:36,440 --> 00:59:39,000
Speaker 2: I said, there's a huge amount of benefit to this stuff,

1264
00:59:39,000 --> 00:59:42,400
Speaker 2: But what you watch is also the exacerbation of a

1265
00:59:42,400 --> 00:59:45,920
Speaker 2: lot of the worst parts of the Internet and of

1266
00:59:46,120 --> 00:59:48,680
Speaker 2: what the damage that it can do, you know, to

1267
00:59:48,760 --> 00:59:51,920
Speaker 2: a society that doesn't have well established norms and things

1268
00:59:51,960 --> 00:59:53,960
Speaker 2: around it. So, if anything, what it highlights to me

1269
00:59:54,120 --> 00:59:58,400
Speaker 2: is for policy and for institutional and social norms to

1270
00:59:58,480 --> 01:00:01,800
Speaker 2: be formed around let's emphasize the best parts. The best

1271
01:00:01,800 --> 01:00:04,920
Speaker 2: parts of the Internet are communication connection. I mean, we

1272
01:00:05,000 --> 01:00:07,440
Speaker 2: wouldn't exist, you know, this show would not even be

1273
01:00:07,480 --> 01:00:11,360
Speaker 2: possible ten years ago. But we have to put guardrails

1274
01:00:11,360 --> 01:00:15,400
Speaker 2: and things around parents, society, schools, et cetera. How do

1275
01:00:15,440 --> 01:00:18,720
Speaker 2: we keep this stuff from the worst downsides? I highly

1276
01:00:18,760 --> 01:00:21,560
Speaker 2: recommend that Jonathan Heyde book is out. I think he's

1277
01:00:21,600 --> 01:00:25,160
Speaker 2: got a phenomenal just like list there of things how

1278
01:00:25,240 --> 01:00:28,560
Speaker 2: you should think of a parent around smartphone, smartphones and

1279
01:00:28,600 --> 01:00:31,840
Speaker 2: specifically with schools. It's obvious we should bance smartphones from schools,

1280
01:00:32,000 --> 01:00:32,919
Speaker 2: like just no question.

1281
01:00:33,000 --> 01:00:35,200
Speaker 1: I agree with you, absolutely agree with that. We can

1282
01:00:35,280 --> 01:00:36,920
Speaker 1: put the next piece up on the screen. This study

1283
01:00:36,920 --> 01:00:38,760
Speaker 1: that just came out, which if you're a parent, like

1284
01:00:38,840 --> 01:00:42,000
Speaker 1: none of this will surprise you. Internet addiction ulters brain

1285
01:00:42,080 --> 01:00:44,680
Speaker 1: chemistry and young people. This study finds, I mean, it

1286
01:00:44,800 --> 01:00:49,479
Speaker 1: just is an addictive behavior. And you know, I see

1287
01:00:49,520 --> 01:00:53,479
Speaker 1: this with my kids, and it does, I think tend

1288
01:00:53,520 --> 01:00:55,600
Speaker 1: to in my experience with other you know, parents and

1289
01:00:55,680 --> 01:00:57,400
Speaker 1: kids that I know, it tends to be the boys

1290
01:00:57,400 --> 01:01:01,160
Speaker 1: that have more of the addictive tendency towards the Internet.

1291
01:01:01,240 --> 01:01:03,960
Speaker 1: My son, if I let him go, he would never

1292
01:01:04,320 --> 01:01:06,800
Speaker 1: I'm not kidding you, like, he would never step away

1293
01:01:06,800 --> 01:01:09,560
Speaker 1: from it. My daughters they don't have to have the

1294
01:01:09,600 --> 01:01:12,960
Speaker 1: same level of concern and limitations because after they do

1295
01:01:13,000 --> 01:01:14,720
Speaker 1: it for what they want to go do something in

1296
01:01:14,760 --> 01:01:17,760
Speaker 1: the world like it's doesn't have that quite that same

1297
01:01:18,360 --> 01:01:23,920
Speaker 1: sticky addictive pull. But what they found is that it

1298
01:01:23,960 --> 01:01:26,600
Speaker 1: will lead to a decrease in functional connectivity and parts

1299
01:01:26,640 --> 01:01:29,440
Speaker 1: of the brain involved in active thinking. That's the executive

1300
01:01:29,440 --> 01:01:32,640
Speaker 1: control network of the brain responsible for memory and decision making,

1301
01:01:32,920 --> 01:01:37,560
Speaker 1: and it fuels other addictive behaviors. So, you know, this

1302
01:01:37,720 --> 01:01:40,960
Speaker 1: is really profound for young people who are you know,

1303
01:01:41,000 --> 01:01:44,480
Speaker 1: their brains are developing, and you know, you're setting habits

1304
01:01:44,480 --> 01:01:47,680
Speaker 1: and behaviors and neural networks that are going to need

1305
01:01:47,720 --> 01:01:51,800
Speaker 1: to serve them for their entire lives. And part of

1306
01:01:52,120 --> 01:01:54,439
Speaker 1: you know, part of what we've done is because we've

1307
01:01:54,480 --> 01:01:57,680
Speaker 1: really opened the internet up to just whatever is going

1308
01:01:57,720 --> 01:02:01,880
Speaker 1: to serve capital. Then you have companies that their whole

1309
01:02:01,880 --> 01:02:05,960
Speaker 1: business model is based on how do we fuel this

1310
01:02:06,080 --> 01:02:09,960
Speaker 1: addictive cycle, And you know, no kid is going to

1311
01:02:10,000 --> 01:02:13,880
Speaker 1: be prepared for that. And as an individual parent, like you're,

1312
01:02:14,360 --> 01:02:17,760
Speaker 1: the odds are stacked against you because of the way

1313
01:02:17,760 --> 01:02:20,880
Speaker 1: they're trying to literally manipulate like the brain chemistry of

1314
01:02:20,920 --> 01:02:23,360
Speaker 1: your kids. So it is a it is a very

1315
01:02:23,360 --> 01:02:26,520
Speaker 1: difficult situation. You know, you mentioned the banning smartphones from schools.

1316
01:02:26,560 --> 01:02:30,400
Speaker 1: One hundred percent agree. My son is going into middle school.

1317
01:02:30,440 --> 01:02:32,680
Speaker 1: We went to the middle school orientation. He's going to

1318
01:02:32,720 --> 01:02:35,240
Speaker 1: be sixth grader next year. The big deal for me,

1319
01:02:35,280 --> 01:02:37,480
Speaker 1: I'm not ready for all that anyway. Putting that aside,

1320
01:02:37,640 --> 01:02:39,400
Speaker 1: the one thing that I think it was the vice

1321
01:02:39,440 --> 01:02:44,200
Speaker 1: principal who's in charge of you know, disciplinary issues, said

1322
01:02:44,600 --> 01:02:49,360
Speaker 1: is please, I'm begging you parents, do not send your

1323
01:02:49,400 --> 01:02:52,400
Speaker 1: kid to school with a smartphone. He's like, you will

1324
01:02:52,400 --> 01:02:55,600
Speaker 1: not believe the things that I see. You will not

1325
01:02:55,640 --> 01:02:59,080
Speaker 1: believe what your kid might say on the messages they'll said,

1326
01:02:59,120 --> 01:03:00,880
Speaker 1: the photos. They mean that things they may do on

1327
01:03:00,880 --> 01:03:04,360
Speaker 1: the smartphone, like things that you never would have imagine,

1328
01:03:04,640 --> 01:03:06,840
Speaker 1: language that you never could have imagined, the way that

1329
01:03:06,920 --> 01:03:10,320
Speaker 1: interferes with their school work and interferes with their personal relationships.

1330
01:03:10,360 --> 01:03:14,000
Speaker 1: These like please, please, please, do not send a smartphone

1331
01:03:14,040 --> 01:03:15,360
Speaker 1: with your kid to school.

1332
01:03:15,440 --> 01:03:18,120
Speaker 4: So I think that part to me is very clear.

1333
01:03:18,240 --> 01:03:20,400
Speaker 2: Well, as a former four Chan kid, I can imagine it,

1334
01:03:20,360 --> 01:03:21,480
Speaker 2: and I definitely don't want.

1335
01:03:21,720 --> 01:03:23,240
Speaker 3: I don't want those kids.

1336
01:03:23,520 --> 01:03:25,280
Speaker 4: As a kid, you tend to be a little naive

1337
01:03:25,320 --> 01:03:25,800
Speaker 4: about these.

1338
01:03:25,720 --> 01:03:27,560
Speaker 2: Things as a kid who was four chan and read

1339
01:03:27,680 --> 01:03:30,880
Speaker 2: it way too early. I don't recommend, but no, there

1340
01:03:30,880 --> 01:03:32,760
Speaker 2: are a lot of studies on this. I highly recommend.

1341
01:03:32,760 --> 01:03:34,480
Speaker 2: There's a bunch of New York Times and Jonathan Hyke

1342
01:03:34,920 --> 01:03:38,160
Speaker 2: write ups about schools that have banned smartphones. If you've

1343
01:03:38,160 --> 01:03:39,720
Speaker 2: ever been to a Joe Rogan show, you know you

1344
01:03:39,720 --> 01:03:41,480
Speaker 2: have to put your phone in the yonder bag. That's

1345
01:03:41,520 --> 01:03:43,040
Speaker 2: another thing that a lot of schools are doing. So

1346
01:03:43,080 --> 01:03:44,880
Speaker 2: you can bring this phone to school, but they put

1347
01:03:44,920 --> 01:03:47,560
Speaker 2: the phone in the yonder bag. Yeah, they unlock then.

1348
01:03:47,640 --> 01:03:49,960
Speaker 2: But apparently some kids are ringing two phones. So look,

1349
01:03:50,000 --> 01:03:51,720
Speaker 2: these kids are going to figure it out anyway.

1350
01:03:51,760 --> 01:03:55,080
Speaker 1: They have phones too that are I mean, they're almost

1351
01:03:55,080 --> 01:03:57,240
Speaker 1: basically like I mentioned the flip they're almost like that.

1352
01:03:57,360 --> 01:03:59,760
Speaker 3: Oh like the call mom, call nine one one.

1353
01:03:59,680 --> 01:04:02,080
Speaker 4: Yeah you really, yeah, you have.

1354
01:04:02,200 --> 01:04:04,760
Speaker 1: It's very limited. They can't load apps, they can't access

1355
01:04:04,800 --> 01:04:06,640
Speaker 1: the internet. There might be a few limited like a

1356
01:04:06,680 --> 01:04:09,560
Speaker 1: map app and like a few limited things on there.

1357
01:04:09,640 --> 01:04:11,720
Speaker 1: And they can call and they can text, but that's

1358
01:04:11,800 --> 01:04:14,440
Speaker 1: really about it. And you've got access to it. So

1359
01:04:14,520 --> 01:04:17,280
Speaker 1: there are tools out there for parents, but it's just

1360
01:04:17,400 --> 01:04:20,520
Speaker 1: yet it's a very difficult, very difficult landscape. And if

1361
01:04:20,560 --> 01:04:22,960
Speaker 1: it's just you and the kids are seeing what their

1362
01:04:22,960 --> 01:04:24,960
Speaker 1: friends all have access to, and it's part of the

1363
01:04:25,000 --> 01:04:29,360
Speaker 1: social fabric now of that generation is a difficult, difficult situation,