1 00:00:01,120 --> 00:00:04,160 Speaker 1: Welcome in his verdict with center, Ted Cruz, Ben Ferguson 2 00:00:04,200 --> 00:00:06,360 Speaker 1: with you as always, and Senator, it's nice to be 3 00:00:06,360 --> 00:00:09,039 Speaker 1: back in the studio with you. You've been traveling like crazy. 4 00:00:09,360 --> 00:00:11,720 Speaker 1: You guys have been really busy in Washington and adding 5 00:00:11,720 --> 00:00:14,240 Speaker 1: some days onto the work week as well. We're finally 6 00:00:14,280 --> 00:00:15,960 Speaker 1: back here together. We've got a big show. 7 00:00:16,760 --> 00:00:20,120 Speaker 2: So it's something going on in Washington, right exactly. You know, 8 00:00:20,160 --> 00:00:23,280 Speaker 2: there's an old Chinese curse, may you live in interesting times. 9 00:00:23,680 --> 00:00:26,920 Speaker 2: We certainly live in those. Donald Trump has hit the 10 00:00:26,920 --> 00:00:32,720 Speaker 2: White House with speed and fury and velocity. There's never 11 00:00:32,760 --> 00:00:34,960 Speaker 2: been anything like it. They've never been a president like 12 00:00:35,040 --> 00:00:38,080 Speaker 2: this in the first hundred days. Last week, obviously, the 13 00:00:38,080 --> 00:00:42,040 Speaker 2: President announced on April second tariffs on just about every 14 00:00:42,040 --> 00:00:45,960 Speaker 2: country on Earth, the highest tariff level since nineteen thirty three. 15 00:00:46,600 --> 00:00:50,440 Speaker 2: It is a big, big deal. Every nation across the 16 00:00:50,479 --> 00:00:53,239 Speaker 2: globe is reeling. They're all trying to figure out what 17 00:00:53,280 --> 00:00:56,360 Speaker 2: do we do about it. The stock market, the stock 18 00:00:56,440 --> 00:01:00,720 Speaker 2: market collapsed, It went into free fall. Six trillion dollars 19 00:01:01,200 --> 00:01:06,199 Speaker 2: evaporated in forty eight hours. Now Monday, everyone's wondering, how's 20 00:01:06,240 --> 00:01:08,200 Speaker 2: the market going to open Monday morning? But there's a 21 00:01:08,200 --> 00:01:11,199 Speaker 2: lot of concern that the market isn't done going down, 22 00:01:11,240 --> 00:01:13,679 Speaker 2: and the question is where do we go from here? 23 00:01:14,480 --> 00:01:18,399 Speaker 2: And I'll tell you the reason President Trump is doing 24 00:01:18,440 --> 00:01:21,920 Speaker 2: this is important. The reason President Trump is doing this 25 00:01:22,080 --> 00:01:25,280 Speaker 2: is that we've seen of the last fifty years a 26 00:01:25,440 --> 00:01:30,040 Speaker 2: hollowing out of manufacturing in America. We've seen what used 27 00:01:30,040 --> 00:01:34,240 Speaker 2: to be the heart of the American middle class, the 28 00:01:34,280 --> 00:01:39,240 Speaker 2: heart of blue collar jobs going away, being pulled abroad, 29 00:01:39,360 --> 00:01:44,720 Speaker 2: going overseas, and the industrial Midwest just just being utterly 30 00:01:44,959 --> 00:01:50,880 Speaker 2: decimated by good paying jobs leaving America. And President Trump 31 00:01:50,960 --> 00:01:53,640 Speaker 2: was elected for many things, but heart and center to 32 00:01:53,800 --> 00:01:56,760 Speaker 2: fight for bringing those jobs back. That's right at the 33 00:01:56,760 --> 00:02:00,240 Speaker 2: core of this, bringing those jobs back to America. But 34 00:02:00,320 --> 00:02:03,440 Speaker 2: there is now a very active debate within the White 35 00:02:03,440 --> 00:02:07,640 Speaker 2: House which direction do we go next. Do we use 36 00:02:07,720 --> 00:02:10,680 Speaker 2: this as leverage to lower other countries tariffs and then 37 00:02:10,760 --> 00:02:14,440 Speaker 2: lower our own tariffs to reflect that, or do we 38 00:02:14,560 --> 00:02:17,560 Speaker 2: leave these tariffs up forever and ever and ever. And 39 00:02:17,600 --> 00:02:20,000 Speaker 2: I'll tell you there are different advisors in the White House. 40 00:02:20,320 --> 00:02:25,679 Speaker 2: There are angels and demons on each of President Trump's shoulders, 41 00:02:25,880 --> 00:02:29,560 Speaker 2: urging him use them as leverage or keep them forever. 42 00:02:29,639 --> 00:02:33,120 Speaker 2: We're going to break down that debate and what the 43 00:02:33,200 --> 00:02:36,480 Speaker 2: consequences are for you, what it means for you if 44 00:02:36,520 --> 00:02:40,200 Speaker 2: these tariffs are used as leverage to lower the tariffs 45 00:02:40,200 --> 00:02:42,200 Speaker 2: of our trading partners, and what it means for you 46 00:02:42,600 --> 00:02:46,840 Speaker 2: if these tariffs are simply a permanent economic feature of America. 47 00:02:47,280 --> 00:02:50,519 Speaker 2: We're also going to talk about nationwide injunctions. Nationwide injunctions 48 00:02:50,840 --> 00:02:53,160 Speaker 2: we have seen in the last three months. It is 49 00:02:53,240 --> 00:02:56,720 Speaker 2: the new incarnation of lawfare. It is how the left 50 00:02:56,800 --> 00:02:59,720 Speaker 2: is attacking Donald Trump. They are filing lawsuits, they are 51 00:02:59,720 --> 00:03:03,480 Speaker 2: looking for left wing radical judges who are issuing nationwide 52 00:03:03,520 --> 00:03:06,840 Speaker 2: injunctions to stop the president's agenda. We had a hearing 53 00:03:07,160 --> 00:03:10,400 Speaker 2: in the Senate Judiciary Committee this week on exactly this topic. 54 00:03:10,720 --> 00:03:13,079 Speaker 2: We're going to take you there and talk about what 55 00:03:13,120 --> 00:03:15,080 Speaker 2: the problem is and what the solution should be. 56 00:03:15,400 --> 00:03:17,160 Speaker 1: Yeah, it's going to be very interesting. I also want 57 00:03:17,200 --> 00:03:19,600 Speaker 1: to talk to you real quick about the International Fellowship 58 00:03:19,639 --> 00:03:23,560 Speaker 1: of Christians and Jews. Israel is still under attack. Missile 59 00:03:23,600 --> 00:03:27,080 Speaker 1: fire has resumed from the Huthis, from Hesblah and hamas 60 00:03:27,639 --> 00:03:31,639 Speaker 1: enemies seeking Israel's destruction. Here in America, we cannot imagine 61 00:03:31,880 --> 00:03:35,920 Speaker 1: living under constant threat of terrorism and rocket attacks. This 62 00:03:36,040 --> 00:03:39,080 Speaker 1: is the reality in Israel. Parents taking their kids to school, 63 00:03:39,240 --> 00:03:41,400 Speaker 1: falling to the ground to lay on top of their 64 00:03:41,400 --> 00:03:45,280 Speaker 1: small children, trying to comfort them as sirens blair. The 65 00:03:45,320 --> 00:03:48,320 Speaker 1: next attack against Israel is happening now with little time 66 00:03:48,320 --> 00:03:52,200 Speaker 1: to repair. And that's why your help is needed right now. 67 00:03:52,320 --> 00:03:55,320 Speaker 1: The International Fellowship of Christians and Jews is helping provide 68 00:03:55,440 --> 00:03:59,080 Speaker 1: life saving aid and security essentials, and your urgently need 69 00:03:59,080 --> 00:04:02,920 Speaker 1: a gift today will help provide security essentials like bomb shelters, 70 00:04:03,160 --> 00:04:07,280 Speaker 1: flag jackets, and bulletproof vests for first responders. They're also 71 00:04:07,320 --> 00:04:12,160 Speaker 1: providing armored security vehicles, armored ambulances, and so much more. 72 00:04:12,600 --> 00:04:15,360 Speaker 1: So if you're proud to stand with Israel, you can 73 00:04:15,400 --> 00:04:18,400 Speaker 1: make your gift right now by calling eight eight eight 74 00:04:18,960 --> 00:04:23,320 Speaker 1: four eight eight IFCJ that's eight eight eight four eight 75 00:04:23,440 --> 00:04:27,440 Speaker 1: eight four three two five, or online it's easy to 76 00:04:27,440 --> 00:04:32,279 Speaker 1: get by going to support IFCJ dot org. That's one word, 77 00:04:32,400 --> 00:04:36,080 Speaker 1: support IFCJ dot org. Now center, I have a very 78 00:04:36,120 --> 00:04:39,080 Speaker 1: important question, a big question before we get into all 79 00:04:39,080 --> 00:04:43,480 Speaker 1: the politics. There's a game that's happening on Monday, and 80 00:04:43,600 --> 00:04:47,000 Speaker 1: your hometown team is in that game. How excited are 81 00:04:47,040 --> 00:04:49,920 Speaker 1: you to see Houston make it through the final four 82 00:04:49,960 --> 00:04:51,000 Speaker 1: of the championship game. 83 00:04:51,320 --> 00:04:54,320 Speaker 2: Look the Cougars. They played incredibly against Duke. They were 84 00:04:54,440 --> 00:04:57,960 Speaker 2: underdogs against Duke. It was a great victory. We're now 85 00:04:58,000 --> 00:05:00,120 Speaker 2: in the finals tonight. I got to say, Houston that 86 00:05:00,240 --> 00:05:02,440 Speaker 2: is going to win tonight, is gonna beat Florida. Florida 87 00:05:02,520 --> 00:05:05,479 Speaker 2: played well. They had a tough game against Auburn and 88 00:05:05,520 --> 00:05:08,720 Speaker 2: managed managed to just scrape it out. Florida is a 89 00:05:08,760 --> 00:05:10,919 Speaker 2: good team, but they don't have what it takes to 90 00:05:10,920 --> 00:05:14,640 Speaker 2: beat Houston. Houston's defense is too stifling. I'm gonna call 91 00:05:14,680 --> 00:05:16,880 Speaker 2: it Houston by six. 92 00:05:17,080 --> 00:05:19,679 Speaker 1: I like Houston by six. I like the Bowl prediction. 93 00:05:19,839 --> 00:05:23,080 Speaker 1: Well done. All right, so let's talk about tariffs. You 94 00:05:23,120 --> 00:05:25,240 Speaker 1: and I we did a show on Friday. It was 95 00:05:25,279 --> 00:05:27,640 Speaker 1: a show that a lot of people listen to. It 96 00:05:27,760 --> 00:05:30,640 Speaker 1: actually kind of went viral over the weekend as well. 97 00:05:30,960 --> 00:05:33,599 Speaker 1: People just want to know what is going to happen 98 00:05:33,720 --> 00:05:36,839 Speaker 1: this week, next week. There's concern, there's the stress anxiety 99 00:05:36,880 --> 00:05:39,599 Speaker 1: watching the market, but there's also something that's happening right 100 00:05:39,640 --> 00:05:43,200 Speaker 1: now that's very interesting. Countries are lining up to meet 101 00:05:43,200 --> 00:05:45,920 Speaker 1: with the Trump administration. Vietnam is apparently at the front 102 00:05:45,920 --> 00:05:48,880 Speaker 1: of the line. They sent emergency delegation in the US. 103 00:05:49,279 --> 00:05:51,200 Speaker 1: They want to get a deal done as fast as 104 00:05:51,200 --> 00:05:54,520 Speaker 1: they possibly can. And now we're hearing there's dozens and 105 00:05:54,560 --> 00:05:57,000 Speaker 1: dozens of other countries are saying, Hey, we want to 106 00:05:57,040 --> 00:05:57,479 Speaker 1: talk too. 107 00:05:57,920 --> 00:06:00,560 Speaker 2: No, there is an historic upper two to hear. And 108 00:06:00,600 --> 00:06:04,240 Speaker 2: if the White House capitalizes on this opportunity, it could 109 00:06:04,320 --> 00:06:06,599 Speaker 2: prove to be one of the most significant, one of 110 00:06:06,600 --> 00:06:10,799 Speaker 2: the most powerful moments for US economic interest for American 111 00:06:10,839 --> 00:06:14,719 Speaker 2: workers this country has ever seen. Right now, every country 112 00:06:14,760 --> 00:06:16,760 Speaker 2: that is on the receiving end of these tariffs, they're 113 00:06:16,760 --> 00:06:21,800 Speaker 2: freaking out, They're panicking. This is a great opportunity to 114 00:06:22,000 --> 00:06:24,679 Speaker 2: engage in. Let's make a deal here. Listen to Kevin Hasset, 115 00:06:24,720 --> 00:06:27,520 Speaker 2: who is the head of the National Economic Council, describing 116 00:06:27,520 --> 00:06:29,400 Speaker 2: how countries are coming to the White House right now. 117 00:06:29,800 --> 00:06:32,320 Speaker 3: I got a report from the USDR last night that 118 00:06:32,400 --> 00:06:34,200 Speaker 3: more than fifty countries have reached out to the. 119 00:06:34,120 --> 00:06:35,520 Speaker 2: President to begin a negotiation. 120 00:06:36,160 --> 00:06:38,560 Speaker 3: But they're doing that because they understand that they bear 121 00:06:38,839 --> 00:06:40,040 Speaker 3: a lot of the tariff. 122 00:06:39,880 --> 00:06:42,599 Speaker 2: More than fifty countries. And that's just in a few days. 123 00:06:42,920 --> 00:06:44,840 Speaker 2: And listen, I've had a lot of countries that are 124 00:06:44,839 --> 00:06:47,080 Speaker 2: reaching out talking to my office, and my advice to 125 00:06:47,120 --> 00:06:49,960 Speaker 2: them is, go cut a deal. Go cut a deal, 126 00:06:50,480 --> 00:06:52,520 Speaker 2: and the front half of your deal needs to be 127 00:06:52,640 --> 00:06:56,600 Speaker 2: the tariffs that we've imposed against US goods, against US crops, 128 00:06:56,640 --> 00:07:01,560 Speaker 2: against US livestocks, against used cars, against US manufacturing, against 129 00:07:01,760 --> 00:07:05,039 Speaker 2: US services. All of those tariffs we are going to 130 00:07:05,120 --> 00:07:10,240 Speaker 2: slash if we see Vietnam came in, Israel has come in. 131 00:07:10,320 --> 00:07:12,760 Speaker 2: Israel and Vietnam were right at the front. But you know, 132 00:07:12,800 --> 00:07:17,800 Speaker 2: it's interesting. Vietnam is a country that is worth talking 133 00:07:17,800 --> 00:07:20,120 Speaker 2: about a little bit because we have a very significant 134 00:07:20,200 --> 00:07:23,440 Speaker 2: trade deficit with Vietnam. Yeah, do you know why? 135 00:07:24,000 --> 00:07:24,560 Speaker 1: Why is that? 136 00:07:25,320 --> 00:07:28,760 Speaker 2: Because America is winning? Why do we have a big 137 00:07:28,800 --> 00:07:32,600 Speaker 2: trade deficit with Vietnam? Because most of that manufacturing used 138 00:07:32,640 --> 00:07:36,200 Speaker 2: to be in China. And what happened is America, starting 139 00:07:36,240 --> 00:07:40,440 Speaker 2: under President Trump, leaned on manufacturers and said move your 140 00:07:40,480 --> 00:07:43,600 Speaker 2: manufacturing out of China. And so a whole bunch of 141 00:07:43,640 --> 00:07:45,680 Speaker 2: them moved them out of China and went to Vietnam. 142 00:07:45,760 --> 00:07:49,080 Speaker 2: So Vietnam was doing what we asked them to. We asked, hey, 143 00:07:49,840 --> 00:07:52,520 Speaker 2: can you take on this manufacturing instead of China? And 144 00:07:52,600 --> 00:07:56,160 Speaker 2: there was a massive move of American companies that pulled 145 00:07:56,200 --> 00:07:59,720 Speaker 2: manufacturing out of China and moved it to Vietnam. Look, 146 00:08:00,000 --> 00:08:03,400 Speaker 2: everything we do to delink from China is a good thing. 147 00:08:03,480 --> 00:08:06,640 Speaker 2: So moving those jobs out of China was a terrific victory, 148 00:08:06,640 --> 00:08:09,080 Speaker 2: and it was a victory for President Trump. It was 149 00:08:09,120 --> 00:08:13,720 Speaker 2: the Trump administration that urged moved those jobs to Vietnam. 150 00:08:14,120 --> 00:08:18,520 Speaker 2: Now Vietnam suddenly has a big trade deficit because all 151 00:08:18,560 --> 00:08:21,520 Speaker 2: those jobs came out of China to Vietnam, and now 152 00:08:21,680 --> 00:08:25,640 Speaker 2: Vietnam has a massive tariff that was levied on it 153 00:08:26,160 --> 00:08:28,960 Speaker 2: by President Trump. The question is are they going to 154 00:08:29,040 --> 00:08:33,760 Speaker 2: work a deal where they lower barriers on both sides. 155 00:08:33,800 --> 00:08:37,679 Speaker 2: I hope they will, But there's another path. Listen, there 156 00:08:37,679 --> 00:08:40,880 Speaker 2: are voices in the White House who simply believe in 157 00:08:40,960 --> 00:08:44,839 Speaker 2: tariffs as a permanent feature of the US economy. There 158 00:08:44,840 --> 00:08:47,000 Speaker 2: are voices in the White House that want these high 159 00:08:47,040 --> 00:08:49,640 Speaker 2: tariffs to be in place in six months, in a year, 160 00:08:49,920 --> 00:08:52,720 Speaker 2: in two years, in five years, in ten years, that 161 00:08:52,800 --> 00:08:57,199 Speaker 2: they want tariffs to be the main source of economic 162 00:08:57,240 --> 00:09:00,760 Speaker 2: revenue for the federal government. That is a very different philosophy. 163 00:09:00,800 --> 00:09:03,360 Speaker 2: And this is one of the things I'll tell you 164 00:09:03,400 --> 00:09:05,320 Speaker 2: within the Senate with my colleagues. A lot of us 165 00:09:05,360 --> 00:09:09,520 Speaker 2: are debating, Okay, how much of this is leverage to 166 00:09:09,600 --> 00:09:11,920 Speaker 2: get great deals from other countries. 167 00:09:11,559 --> 00:09:13,560 Speaker 1: And how much of this is what you said, economic 168 00:09:13,600 --> 00:09:14,720 Speaker 1: revenue for the government. 169 00:09:15,120 --> 00:09:17,199 Speaker 2: And by the way, you know, you get some people 170 00:09:17,200 --> 00:09:19,440 Speaker 2: that talk about, well, we'll do tariffs instead of the 171 00:09:19,480 --> 00:09:23,640 Speaker 2: income tax, and I got to say that sort of 172 00:09:23,679 --> 00:09:27,400 Speaker 2: reminds me of the old cartoon Popeye. Yeah, and you know, 173 00:09:27,520 --> 00:09:30,240 Speaker 2: I'll gladly pay you tuesday for a hamburger. Today, I'm like, well, 174 00:09:30,240 --> 00:09:32,600 Speaker 2: wait a second. The last I checked, we still have 175 00:09:32,679 --> 00:09:36,160 Speaker 2: the income tax and we have these tariffs. That's just 176 00:09:36,200 --> 00:09:38,360 Speaker 2: a ton more taxes. If you want to get rid 177 00:09:38,400 --> 00:09:40,640 Speaker 2: of the income tax, then we can talk. But I 178 00:09:40,640 --> 00:09:43,000 Speaker 2: don't see anyone proposing getting rid of the income tax. 179 00:09:43,679 --> 00:09:46,480 Speaker 2: And so at the end of the day, in my view, 180 00:09:47,600 --> 00:09:52,079 Speaker 2: if the outcome from these tariffs is really high tariffs 181 00:09:53,520 --> 00:09:57,160 Speaker 2: from every country on Earth against American goods, and really 182 00:09:57,240 --> 00:10:00,559 Speaker 2: high tariffs from America against goods from every every other 183 00:10:00,559 --> 00:10:03,480 Speaker 2: country on Earth, that is going to be really bad 184 00:10:03,960 --> 00:10:06,160 Speaker 2: for Texas and really bad for America. 185 00:10:07,080 --> 00:10:10,079 Speaker 1: Let's talk about momentum. You mentioned the people coming to 186 00:10:10,120 --> 00:10:12,200 Speaker 1: the table, and you heard there in that comment fifty 187 00:10:12,280 --> 00:10:15,120 Speaker 1: nations are now lining up. You and I both know 188 00:10:15,240 --> 00:10:17,520 Speaker 1: that that one of the things Donald Trump does really 189 00:10:17,559 --> 00:10:20,280 Speaker 1: well is the art of the deal and loves when 190 00:10:20,320 --> 00:10:23,960 Speaker 1: there's something to celebrate celebrating it. Yes, I see in 191 00:10:24,000 --> 00:10:28,840 Speaker 1: our near future Vietnam America on stage White House. We 192 00:10:28,960 --> 00:10:32,440 Speaker 1: got a historic deal done, and that's where that move goes. 193 00:10:32,520 --> 00:10:35,760 Speaker 2: So what I'm urging is for the President to come 194 00:10:35,840 --> 00:10:38,480 Speaker 2: and make major deals and make them quickly. Look to 195 00:10:38,559 --> 00:10:43,000 Speaker 2: calm the stock market down. A few major deals quickly 196 00:10:43,120 --> 00:10:47,320 Speaker 2: would really really help. I would love it if this week, 197 00:10:47,600 --> 00:10:50,360 Speaker 2: this week we had an announcement from the president, this 198 00:10:50,480 --> 00:10:54,480 Speaker 2: major country came in, they offered huge concessions. They slashed 199 00:10:54,480 --> 00:10:58,680 Speaker 2: their tariffs, and we're slashing ours. That would be a great. 200 00:10:58,480 --> 00:11:00,840 Speaker 1: Outcome, and that's momentum building as well. 201 00:11:01,120 --> 00:11:03,679 Speaker 2: Look, the stock market has a psychology to it. If 202 00:11:03,720 --> 00:11:06,559 Speaker 2: people start saying it's a bear markeage, people start saying 203 00:11:06,720 --> 00:11:09,800 Speaker 2: we're going into a recession, that feeds upon itself. That 204 00:11:09,880 --> 00:11:12,920 Speaker 2: means people are less willing to invest money, they're less 205 00:11:12,960 --> 00:11:16,520 Speaker 2: willing to take risks, and so it is important for 206 00:11:16,640 --> 00:11:20,200 Speaker 2: people to see the real tangible victories coming from this, 207 00:11:20,320 --> 00:11:23,200 Speaker 2: and those victories are not just cash. One of the 208 00:11:23,240 --> 00:11:24,960 Speaker 2: things you're hearing the White House say is, well, look 209 00:11:25,000 --> 00:11:28,080 Speaker 2: at all the revenue we're getting from tariffs. That's not 210 00:11:28,240 --> 00:11:32,160 Speaker 2: actually bringing jobs back to America getting those tariffs, that's 211 00:11:32,240 --> 00:11:36,480 Speaker 2: just raising prices. And if the immediate effect for voters 212 00:11:37,280 --> 00:11:42,040 Speaker 2: of these tariffs is serious inflation because the cost of 213 00:11:42,080 --> 00:11:44,480 Speaker 2: what they're buying is going up. I mentioned on Friday's 214 00:11:44,800 --> 00:11:48,079 Speaker 2: podcast how one of the big three American auto manufacturers 215 00:11:48,080 --> 00:11:50,880 Speaker 2: told me last week the effect of this tariffs is 216 00:11:50,920 --> 00:11:53,679 Speaker 2: they would increase the cost of the cars they sell 217 00:11:53,720 --> 00:11:55,720 Speaker 2: by four five hundred dollars a car. 218 00:11:56,160 --> 00:11:57,720 Speaker 1: It's a lot of mind average Americans. 219 00:11:57,800 --> 00:11:59,880 Speaker 2: That is a lot of money. That is a big hit. 220 00:12:00,280 --> 00:12:02,440 Speaker 2: And so we've got to see the upside. We've got 221 00:12:02,440 --> 00:12:07,920 Speaker 2: to see the benefit. Look one upside. Right now, Europe 222 00:12:07,960 --> 00:12:13,400 Speaker 2: has a ten percent tariffs on American cars, and prior 223 00:12:13,440 --> 00:12:16,000 Speaker 2: to April second, America had a two percent tariff on 224 00:12:16,040 --> 00:12:19,679 Speaker 2: European cars. Now, I can tell you the Europeans are 225 00:12:19,720 --> 00:12:22,840 Speaker 2: already back channeling. They are already putting on the table 226 00:12:23,320 --> 00:12:26,320 Speaker 2: zero and zero. They'll take their ten percent to zero, 227 00:12:26,400 --> 00:12:28,960 Speaker 2: we take our two percent to zero, and cars go 228 00:12:29,040 --> 00:12:32,360 Speaker 2: back and forth from Europe and America without a tariff. 229 00:12:32,800 --> 00:12:36,760 Speaker 2: That deal is there. The President could announce it this week. 230 00:12:37,679 --> 00:12:40,040 Speaker 2: That's a major victory. Getting rid of those tariffs in 231 00:12:40,080 --> 00:12:44,160 Speaker 2: Europe is a major victory. But it is important. So 232 00:12:44,200 --> 00:12:46,680 Speaker 2: they're different voices. So, for example, one of the voices 233 00:12:46,720 --> 00:12:50,520 Speaker 2: speaking out is Elon Musk. We had Elon on the podcast. 234 00:12:51,320 --> 00:12:55,120 Speaker 2: Elon said last week. Here's what he told Reuters. US 235 00:12:55,160 --> 00:12:57,559 Speaker 2: tech billionaire Elon Musk said on Saturday he hoped in 236 00:12:57,600 --> 00:13:00,640 Speaker 2: the future to see complete freedom of true between the 237 00:13:00,720 --> 00:13:04,240 Speaker 2: United States and Europe, speaking days after President Donald Trump 238 00:13:04,240 --> 00:13:07,960 Speaker 2: announced tariffs on trading partners Mosca. Trump advisor has been 239 00:13:08,000 --> 00:13:11,000 Speaker 2: working to eliminate wasteful US public spending. Spoke via video 240 00:13:11,040 --> 00:13:13,840 Speaker 2: link at a congress in Florence of Italy's right wing 241 00:13:13,880 --> 00:13:16,280 Speaker 2: Co Ruling Party Co Ruling League party. 242 00:13:17,200 --> 00:13:19,000 Speaker 1: Quote this is from US quote. 243 00:13:19,040 --> 00:13:20,880 Speaker 2: At the end of the day, I hope it's agreed 244 00:13:21,320 --> 00:13:25,040 Speaker 2: that both Europe and the United States should move ideally 245 00:13:25,120 --> 00:13:29,520 Speaker 2: in my view, to a zero tariff situation, effectively creating 246 00:13:29,880 --> 00:13:34,240 Speaker 2: a free trade zone between Europe and North America. So 247 00:13:34,320 --> 00:13:37,679 Speaker 2: when I talked about angels and demons, Elon is one 248 00:13:37,679 --> 00:13:40,719 Speaker 2: of the angels. This is a good good voice that 249 00:13:40,840 --> 00:13:43,800 Speaker 2: is focused on US jobs that I hope the President 250 00:13:43,840 --> 00:13:45,760 Speaker 2: is listening to. I hope the President is listening to 251 00:13:45,800 --> 00:13:50,840 Speaker 2: Elon Musk. President Trump has an historic opportunity. The leverage 252 00:13:50,920 --> 00:13:54,960 Speaker 2: right now is massive. The question is will the White 253 00:13:54,960 --> 00:13:57,800 Speaker 2: House make the decision to use that leverage to try 254 00:13:57,840 --> 00:14:02,600 Speaker 2: to lower foreign tariffs. I mentioned something else. Very good 255 00:14:02,600 --> 00:14:05,920 Speaker 2: friend of mine works in finance, very very smart finance 256 00:14:06,000 --> 00:14:11,440 Speaker 2: here suggests it an idea for how to use this 257 00:14:11,559 --> 00:14:14,440 Speaker 2: leverage and get even more of a win win, which 258 00:14:14,480 --> 00:14:16,640 Speaker 2: is he said, Look, here's the problem. Let's say you're 259 00:14:17,520 --> 00:14:19,800 Speaker 2: an American company or your foreign company, and you've got 260 00:14:19,800 --> 00:14:23,280 Speaker 2: a factory somewhere. You've got a factory abroad, you've got 261 00:14:23,280 --> 00:14:25,840 Speaker 2: a factory in Vietnam, you've got a factory anywhere other 262 00:14:25,880 --> 00:14:28,880 Speaker 2: than the US, and you're contemplating do I move the 263 00:14:28,920 --> 00:14:33,240 Speaker 2: factory to the United States. The problem with that decision 264 00:14:33,280 --> 00:14:37,040 Speaker 2: making is that move takes years. You can't do it instantaneously, 265 00:14:37,120 --> 00:14:40,520 Speaker 2: even if you decide today, okay, let's build it in America. 266 00:14:41,080 --> 00:14:44,600 Speaker 2: In a lot of places, just the permitting takes years 267 00:14:44,680 --> 00:14:47,360 Speaker 2: to get a factory permitted, much less built. By the way, 268 00:14:47,360 --> 00:14:49,160 Speaker 2: that's why everyone should come to Texas. If you're going 269 00:14:49,200 --> 00:14:52,200 Speaker 2: to build a factory, come to Texas. Permit it fast. 270 00:14:52,240 --> 00:14:54,840 Speaker 2: We're not if you go to California, you deserve what 271 00:14:54,920 --> 00:14:56,640 Speaker 2: you get. Come to Texas. 272 00:14:57,120 --> 00:14:59,760 Speaker 1: You should turn that into like a public service announcement, 273 00:14:59,840 --> 00:15:01,560 Speaker 1: right like you go there, you go me, you deserve 274 00:15:01,640 --> 00:15:03,520 Speaker 1: you want to get into business, Texas place to come. 275 00:15:03,640 --> 00:15:04,160 Speaker 1: I will tell you. 276 00:15:04,200 --> 00:15:08,440 Speaker 2: As an aside, several years ago, a CEO came and 277 00:15:08,440 --> 00:15:10,120 Speaker 2: met with me in DC and he was thinking of 278 00:15:10,160 --> 00:15:13,680 Speaker 2: opening a new factory and he was looking at Texas, 279 00:15:13,680 --> 00:15:16,400 Speaker 2: he was looking at California. And he said, all right, 280 00:15:16,440 --> 00:15:18,000 Speaker 2: well tell me in Texas. What do you give me 281 00:15:18,040 --> 00:15:21,160 Speaker 2: to go to Texas? And I said, not a damn thing. 282 00:15:22,200 --> 00:15:24,360 Speaker 2: I said, but we won't tax you to death, won't. 283 00:15:24,360 --> 00:15:27,240 Speaker 2: We won't regulate you to death, and we won't allow 284 00:15:27,360 --> 00:15:30,280 Speaker 2: lawsuits just to tear you apart. And I said, you 285 00:15:30,320 --> 00:15:33,280 Speaker 2: know what, if you go to California, you deserve. 286 00:15:33,000 --> 00:15:33,440 Speaker 1: What you get. 287 00:15:34,440 --> 00:15:38,320 Speaker 2: So that being said, let's say you're you're a big 288 00:15:38,360 --> 00:15:40,480 Speaker 2: car company and you're trying to decide where do I 289 00:15:40,520 --> 00:15:44,120 Speaker 2: put my next car factory. Just the process of getting 290 00:15:44,120 --> 00:15:47,160 Speaker 2: it permitted, getting it built, putting the equipment in that 291 00:15:47,320 --> 00:15:50,040 Speaker 2: takes a minimum of two, three, four, five years. That's 292 00:15:50,080 --> 00:15:51,000 Speaker 2: just how long it takes. 293 00:15:51,080 --> 00:15:51,320 Speaker 1: Wow. 294 00:15:52,080 --> 00:15:54,600 Speaker 2: So the problem for your decision making is if you're 295 00:15:54,640 --> 00:15:56,880 Speaker 2: looking at this, if you're doing it based on the 296 00:15:56,920 --> 00:16:00,440 Speaker 2: Trump tariffs, you don't know how long they'll be place. 297 00:16:00,560 --> 00:16:04,440 Speaker 2: Sure you're trying to look at the math, you don't 298 00:16:04,480 --> 00:16:07,160 Speaker 2: know a is Trump going to lift them in a 299 00:16:07,200 --> 00:16:09,520 Speaker 2: deal where you may make a decision for the tariffs 300 00:16:09,520 --> 00:16:11,680 Speaker 2: and then suddenly the tariffs aren't there anymore, and the 301 00:16:11,720 --> 00:16:15,640 Speaker 2: math changes pretty substantially or be at a minimum in 302 00:16:15,640 --> 00:16:17,800 Speaker 2: three and a half years, Trump is not going to 303 00:16:17,800 --> 00:16:19,880 Speaker 2: be president, So you don't know if the next president 304 00:16:20,280 --> 00:16:22,400 Speaker 2: is going to keep the tariffs or eliminate the tariffs. 305 00:16:22,440 --> 00:16:25,560 Speaker 2: So the problem is by the time you opened. 306 00:16:25,160 --> 00:16:28,440 Speaker 1: Your factory, completely different group could be in charge. 307 00:16:29,240 --> 00:16:32,160 Speaker 2: So the idea that my buddy from the finance world 308 00:16:32,200 --> 00:16:36,160 Speaker 2: came up with is for the president to announce a fund, 309 00:16:36,280 --> 00:16:41,120 Speaker 2: an invest USA fund that individual CEOs could make it 310 00:16:41,160 --> 00:16:44,760 Speaker 2: a commitment. Let's say you're the CEO of Mercedes Benz, 311 00:16:46,080 --> 00:16:48,080 Speaker 2: that you could make a commitment we are going to 312 00:16:48,120 --> 00:16:52,480 Speaker 2: open three new factories in America, all in Texas. We're 313 00:16:52,520 --> 00:16:54,520 Speaker 2: going to open three new factories in America, and we're 314 00:16:54,520 --> 00:16:58,160 Speaker 2: going to invest one hundred billion dollars in building these factories. 315 00:16:59,200 --> 00:17:03,080 Speaker 2: Now the piece that is, look that has some teeth 316 00:17:03,160 --> 00:17:06,359 Speaker 2: to what my friend suggested. Look, you can make that announcement, 317 00:17:06,359 --> 00:17:08,320 Speaker 2: you can put out a press release, and by the 318 00:17:08,320 --> 00:17:11,240 Speaker 2: way of circumstances change, you never spend one hundred million dollars. 319 00:17:11,320 --> 00:17:17,280 Speaker 2: It doesn't actually arrive. The idea is you're the CEO 320 00:17:17,359 --> 00:17:20,400 Speaker 2: Mercedes Bend. You announced three new factories one hundred billion dollars. 321 00:17:20,880 --> 00:17:26,040 Speaker 2: You deposit the one hundred billion dollars in the fund, 322 00:17:26,160 --> 00:17:30,199 Speaker 2: the Invest America Fund. You actually spend the money on 323 00:17:30,240 --> 00:17:34,640 Speaker 2: the front end. Now, two things happen when you invested 324 00:17:34,680 --> 00:17:38,320 Speaker 2: in the Invest America Fund. Number One, the United States 325 00:17:38,359 --> 00:17:40,800 Speaker 2: earns interest on the money while it's sitting there, So 326 00:17:40,840 --> 00:17:43,000 Speaker 2: it's benefiting the US just from the interest. If you 327 00:17:43,080 --> 00:17:46,359 Speaker 2: leave it there, we'll get interest while it's there. But 328 00:17:46,520 --> 00:17:49,800 Speaker 2: number two, as long as you have that money on 329 00:17:49,840 --> 00:17:52,520 Speaker 2: the fund, you get a credit that you can use 330 00:17:52,560 --> 00:17:55,399 Speaker 2: against your tariffs. Maybe it's a one to one credit, 331 00:17:55,440 --> 00:17:58,440 Speaker 2: maybe it's a two to one credit, but it's economically 332 00:17:58,520 --> 00:18:01,199 Speaker 2: you create an incentive to put the money there for 333 00:18:01,440 --> 00:18:05,720 Speaker 2: CEOs to invest in America, to create jobs in America, 334 00:18:05,800 --> 00:18:09,880 Speaker 2: and to actually deploy the cash, because if you make 335 00:18:09,920 --> 00:18:13,520 Speaker 2: the credit on the tariffs only dependent on the dollars 336 00:18:13,640 --> 00:18:17,040 Speaker 2: actually being in the fund Let's say you give a 337 00:18:17,080 --> 00:18:19,560 Speaker 2: two to one credit, so one hundred dollars deposit in 338 00:18:19,600 --> 00:18:21,679 Speaker 2: the funds gets you a two hundred dollars credit on 339 00:18:21,720 --> 00:18:25,919 Speaker 2: your tariffs. Yeah, that's pretty economically compelling to lean in 340 00:18:26,000 --> 00:18:29,159 Speaker 2: and invest. And what we want to see is what 341 00:18:29,240 --> 00:18:32,040 Speaker 2: President Trump talks about a lot, a golden age in 342 00:18:32,080 --> 00:18:37,240 Speaker 2: manufacturing where companies are profoundly incentivized to invest in. 343 00:18:37,200 --> 00:18:40,359 Speaker 1: America, not only to grow, but to stay here so 344 00:18:40,400 --> 00:18:42,159 Speaker 1: we don't have to worry about them leaving in the future. 345 00:18:42,320 --> 00:18:48,159 Speaker 2: Yes, yes, and if that that has some real potency 346 00:18:48,200 --> 00:18:52,440 Speaker 2: and idea like that. But if the solution is simply 347 00:18:53,359 --> 00:18:57,040 Speaker 2: let's go back to the world in nineteen hundred, when 348 00:18:57,080 --> 00:18:59,959 Speaker 2: you had really high tariffs, when you had you know, 349 00:19:00,720 --> 00:19:04,359 Speaker 2: nineteen thirty three, you had smoot Holly that played a 350 00:19:04,440 --> 00:19:07,520 Speaker 2: major role in the Great Depression. When you put up walls, 351 00:19:08,280 --> 00:19:12,480 Speaker 2: it hurts America. We compete very well on the global level. 352 00:19:12,480 --> 00:19:15,280 Speaker 2: We just need to make sure we're competing fairly. And 353 00:19:15,320 --> 00:19:17,639 Speaker 2: I think the president has real leverage to do that 354 00:19:17,800 --> 00:19:21,119 Speaker 2: right now if he's listening to the angels and not 355 00:19:21,240 --> 00:19:24,640 Speaker 2: the voices in his administration that are saying more tariffs, 356 00:19:24,640 --> 00:19:26,159 Speaker 2: more tariffs, higher tariffs forever. 357 00:19:27,240 --> 00:19:28,879 Speaker 1: Let me ask you a final question on this, and 358 00:19:28,920 --> 00:19:31,879 Speaker 1: you talk about the two different viewpoints here. There is 359 00:19:31,920 --> 00:19:35,240 Speaker 1: a real debate. I'm having it with friends, I'm having 360 00:19:35,240 --> 00:19:37,800 Speaker 1: it with colleagues. I mean, I've witnessed this on TV. 361 00:19:38,520 --> 00:19:41,240 Speaker 1: There is, like you said, this core idea, there should 362 00:19:41,240 --> 00:19:43,640 Speaker 1: always be tariffs. I've heard people talking about Greg Zama 363 00:19:43,680 --> 00:19:45,320 Speaker 1: was China, we should always be at twenty percent or 364 00:19:45,359 --> 00:19:47,600 Speaker 1: thirty percent or forty percent, whatever that number is. And 365 00:19:47,600 --> 00:19:49,680 Speaker 1: there's others saying, no, you use this as leverage. You 366 00:19:49,720 --> 00:19:51,480 Speaker 1: get the better deal now, and then you have the 367 00:19:51,520 --> 00:19:54,119 Speaker 1: market stabilize and people understand what the new norm is. 368 00:19:54,680 --> 00:19:56,840 Speaker 1: That seems to be what you're advocating for, which is, 369 00:19:57,200 --> 00:19:59,840 Speaker 1: let the market know, the CEOs, know the people that 370 00:19:59,880 --> 00:20:04,359 Speaker 1: are pouring their dollars to decide what they're gonna do next, 371 00:20:04,680 --> 00:20:06,919 Speaker 1: give them whatever the new normal is going to be 372 00:20:07,080 --> 00:20:09,000 Speaker 1: so that we can move forward. Is that fair? 373 00:20:09,160 --> 00:20:11,840 Speaker 2: You've got to have some modicum of certainty, because if 374 00:20:11,840 --> 00:20:15,320 Speaker 2: there's uncertainty. Business doesn't invest. No one invests if they 375 00:20:15,359 --> 00:20:16,919 Speaker 2: don't know what the rules are going to be. If 376 00:20:16,960 --> 00:20:20,240 Speaker 2: it's chaos, they sit on their cash and you don't 377 00:20:20,240 --> 00:20:24,160 Speaker 2: have jobs. We want people to feel confident. And by 378 00:20:24,200 --> 00:20:27,479 Speaker 2: the way, chaos under Biden came from regulatory chaos of 379 00:20:27,560 --> 00:20:30,160 Speaker 2: new and job killing regulations, one after the other after 380 00:20:30,200 --> 00:20:34,159 Speaker 2: the other. But if there is uncertainty, uncertainty is an 381 00:20:34,320 --> 00:20:37,040 Speaker 2: enemy of investment, and that means it's an enemy of jobs. 382 00:20:37,600 --> 00:20:41,879 Speaker 2: So some limited uncertainty can be helpful to incentivize a deal, 383 00:20:42,560 --> 00:20:45,800 Speaker 2: but we need to get to a deal a predictable outcome. 384 00:20:46,400 --> 00:20:50,040 Speaker 2: And I will say listen, China is different. I am 385 00:20:50,119 --> 00:20:54,160 Speaker 2: actually quite fine with tariffs against China because I think 386 00:20:54,320 --> 00:20:57,639 Speaker 2: dlinking from China their economy, they have us in a 387 00:20:57,680 --> 00:21:01,640 Speaker 2: position where they are single greatest geopolitical threat. They are 388 00:21:01,840 --> 00:21:07,359 Speaker 2: utilizing that economic interconnection as leverage against America, and so 389 00:21:07,400 --> 00:21:10,160 Speaker 2: I think everything we can do to move Moving those 390 00:21:10,240 --> 00:21:12,639 Speaker 2: jobs from China to Vietnam is a good move, is 391 00:21:12,960 --> 00:21:15,960 Speaker 2: an important move, and moving them from China to Mexico 392 00:21:16,040 --> 00:21:18,280 Speaker 2: that's a good move. Moving them from China to America 393 00:21:18,359 --> 00:21:20,760 Speaker 2: is a good move. But everything we can do to 394 00:21:20,840 --> 00:21:24,040 Speaker 2: d link from China's. 395 00:21:23,600 --> 00:21:27,080 Speaker 1: Not just trade, it's also national security variations, right, And 396 00:21:27,320 --> 00:21:29,560 Speaker 1: I want to bonus question. I think a lot of 397 00:21:29,600 --> 00:21:32,119 Speaker 1: people when you mentioned this is a different mentality with 398 00:21:32,240 --> 00:21:34,880 Speaker 1: China and tarists are good there. I agree with you. 399 00:21:35,680 --> 00:21:38,920 Speaker 1: My reason for it is a lot of national security reasons. 400 00:21:39,000 --> 00:21:41,400 Speaker 1: I think that's something that's not been talked about as much. 401 00:21:41,680 --> 00:21:43,560 Speaker 1: Give me your thoughts on that, quickly said, people understand 402 00:21:43,560 --> 00:21:44,840 Speaker 1: the national security aspect of this. 403 00:21:44,960 --> 00:21:47,360 Speaker 2: So look, we saw in the middle of COVID how 404 00:21:47,440 --> 00:21:51,240 Speaker 2: much our critical supply chains were dominated by China. China 405 00:21:51,320 --> 00:21:53,960 Speaker 2: is fighting a thousand year war against the United States. 406 00:21:55,160 --> 00:21:57,720 Speaker 2: When I arrived in the Senate thirteen years ago, I 407 00:21:57,760 --> 00:22:01,080 Speaker 2: said China is the single greatest geopolitical threat at America's 408 00:22:01,119 --> 00:22:04,800 Speaker 2: facing for the next one hundred years. When I started 409 00:22:04,800 --> 00:22:07,760 Speaker 2: saying that, almost nobody in the Senate agreed with me. 410 00:22:08,280 --> 00:22:11,560 Speaker 2: All the Democrats disagreed, and most of the Republicans disagree. 411 00:22:11,720 --> 00:22:13,840 Speaker 2: Most of the Republicans looked at China and they just 412 00:22:13,880 --> 00:22:18,120 Speaker 2: saw dollar signs as far as the eye can see. 413 00:22:18,600 --> 00:22:20,480 Speaker 2: A lot more people's eyes have opened up to the 414 00:22:20,520 --> 00:22:23,520 Speaker 2: threat China poses today. And I think COVID did an 415 00:22:23,600 --> 00:22:25,359 Speaker 2: awful lot of that. You know, in the middle of 416 00:22:25,400 --> 00:22:29,520 Speaker 2: the COVID pandemic, there was one major Chinese state owned 417 00:22:29,520 --> 00:22:36,000 Speaker 2: newspaper that advocated cutting off life saving pharmaceutical drugs manufactured 418 00:22:36,040 --> 00:22:39,080 Speaker 2: in China from going to America, because we've allowed much 419 00:22:39,119 --> 00:22:42,160 Speaker 2: of our pharmaceutical drug industry to be manufactured in China, 420 00:22:42,520 --> 00:22:45,440 Speaker 2: and they were literally threatening to take away heart medicine 421 00:22:45,480 --> 00:22:49,280 Speaker 2: and cancer medicine and diabetes medicine from Americans who needed 422 00:22:49,320 --> 00:22:54,359 Speaker 2: to live. That underscored this is stupid to let a 423 00:22:54,440 --> 00:22:56,800 Speaker 2: communist government who is our enemy. 424 00:22:57,240 --> 00:22:58,760 Speaker 1: Be in charge of her health in that way. 425 00:22:59,480 --> 00:23:03,760 Speaker 2: Likewise, critical minerals, critical minerals, China has a stranglehold on 426 00:23:03,800 --> 00:23:07,159 Speaker 2: the production of critical minerals, which are essential for semiconductors 427 00:23:07,160 --> 00:23:09,639 Speaker 2: and electronics and for defense and for all sorts of 428 00:23:10,040 --> 00:23:12,520 Speaker 2: We need to move all of that out of China. 429 00:23:12,600 --> 00:23:14,440 Speaker 2: We need to be able to stand on our own 430 00:23:14,720 --> 00:23:16,800 Speaker 2: And I got to say President Trump has been really 431 00:23:16,840 --> 00:23:20,399 Speaker 2: effective focusing on that threat. We need to accelerate the 432 00:23:20,480 --> 00:23:21,560 Speaker 2: delinking from China. 433 00:23:22,280 --> 00:23:24,960 Speaker 1: Another threat, and it's not been covered in the news 434 00:23:25,000 --> 00:23:26,800 Speaker 1: the way that it should have because we've been dealing 435 00:23:26,800 --> 00:23:29,560 Speaker 1: with this. Obviously, we led with this issue because it's 436 00:23:29,640 --> 00:23:33,119 Speaker 1: very important, But it's judicial activism that's having a major 437 00:23:33,200 --> 00:23:36,960 Speaker 1: impact on this administration, and in a shocking way, I 438 00:23:37,000 --> 00:23:39,960 Speaker 1: would even say historic way when you look at the numbers. 439 00:23:40,560 --> 00:23:42,680 Speaker 1: You're dealing with this now in the Senate, with these 440 00:23:42,800 --> 00:23:45,560 Speaker 1: judges that are basically get to be activists, but their 441 00:23:45,560 --> 00:23:49,760 Speaker 1: injunctions are having a whole nationwide. A lot of people 442 00:23:49,760 --> 00:23:53,080 Speaker 1: didn't even know that was a possibility. Is an abusive power? 443 00:23:53,240 --> 00:23:54,800 Speaker 1: Is there a check and balance that we need to 444 00:23:54,800 --> 00:23:56,360 Speaker 1: have on that. Lit's dive into that as well. 445 00:23:56,440 --> 00:23:58,760 Speaker 2: So it's an absolute abuse of power. It is worse 446 00:23:58,840 --> 00:24:01,600 Speaker 2: than it has ever been seen against Donald Trump. In 447 00:24:01,640 --> 00:24:06,520 Speaker 2: the first two months of administration, more nationwide injunctions issued 448 00:24:06,560 --> 00:24:11,240 Speaker 2: against President Trump than in the entirety of the George W. 449 00:24:11,320 --> 00:24:14,320 Speaker 2: Bush administration all eight years, the entirety of the Barack 450 00:24:14,320 --> 00:24:17,640 Speaker 2: Obama administration all eight years, the entirety of the Joe 451 00:24:17,680 --> 00:24:22,480 Speaker 2: Biden administration all four years. More in two months than 452 00:24:23,160 --> 00:24:24,320 Speaker 2: in those twenty years. 453 00:24:24,800 --> 00:24:26,960 Speaker 1: We have two months and twenty years. You say it, 454 00:24:27,000 --> 00:24:29,399 Speaker 1: You said it quickly. I want people to just pause 455 00:24:29,440 --> 00:24:31,280 Speaker 1: and think about how much of abuse of power there 456 00:24:31,320 --> 00:24:32,679 Speaker 1: has to be if they're doing it that much like 457 00:24:32,720 --> 00:24:33,600 Speaker 1: this is deliberate. 458 00:24:34,040 --> 00:24:36,760 Speaker 2: Well, and listen to Attorney General Pambondi talk about this. 459 00:24:37,240 --> 00:24:40,480 Speaker 4: The president is going to comply with the law. He 460 00:24:40,640 --> 00:24:45,320 Speaker 4: was overwhelmingly elected by an overwhelming majority of the United 461 00:24:45,359 --> 00:24:48,800 Speaker 4: States citizens to be our commander in chief, and that's 462 00:24:48,840 --> 00:24:52,200 Speaker 4: what he's been doing, Shannon. Just since January twentieth, we've 463 00:24:52,240 --> 00:24:56,320 Speaker 4: had over one hundred and seventy lawsuits filed against us. 464 00:24:56,359 --> 00:25:00,679 Speaker 4: That should be the constitutional crisis right there. Fifty in junctions. 465 00:25:00,880 --> 00:25:04,840 Speaker 4: They're popping up every single day, trying to control his 466 00:25:04,960 --> 00:25:08,639 Speaker 4: executive power, trying to control where he believes our tax 467 00:25:08,680 --> 00:25:12,159 Speaker 4: dollars should be allocated. And saying he won by an 468 00:25:12,200 --> 00:25:15,520 Speaker 4: overwhelming majority is so important because that's what the American 469 00:25:15,560 --> 00:25:19,040 Speaker 4: people want, what President Trump campaigned on and what he 470 00:25:19,119 --> 00:25:23,639 Speaker 4: won on, and he's implementing that agenda at a rapid speed. 471 00:25:23,680 --> 00:25:25,840 Speaker 4: None of us can keep up with them every single day. 472 00:25:26,280 --> 00:25:29,480 Speaker 4: And so it's just we're going after all of these lawsuits, 473 00:25:29,560 --> 00:25:31,720 Speaker 4: we're defending them all. We just got a great win, 474 00:25:32,119 --> 00:25:33,480 Speaker 4: and we'll continue to fight. 475 00:25:34,119 --> 00:25:36,160 Speaker 1: I talked to a judge this week and he described 476 00:25:36,160 --> 00:25:39,080 Speaker 1: it this way, because I was wanting to understand this subject. Obviously, 477 00:25:39,119 --> 00:25:40,879 Speaker 1: we were going to talk about it. It's important and we 478 00:25:40,920 --> 00:25:43,440 Speaker 1: haven't dealt with this a lot. He said. In essence, 479 00:25:43,520 --> 00:25:46,480 Speaker 1: what the court's doing, Ben is they are doing a 480 00:25:46,480 --> 00:25:50,119 Speaker 1: coup against Donald Trump by neutering him with his agenda. 481 00:25:50,160 --> 00:25:52,520 Speaker 1: And he said that is not how the constitution was 482 00:25:52,520 --> 00:25:54,160 Speaker 1: set up, Like you should not be able to neuter 483 00:25:54,240 --> 00:25:56,400 Speaker 1: a president in this way, saying we know you won, 484 00:25:56,480 --> 00:25:58,760 Speaker 1: we know the American people support you, they voted for you, 485 00:25:59,160 --> 00:26:00,359 Speaker 1: but we're not going to let you do what you're 486 00:26:00,359 --> 00:26:01,679 Speaker 1: supposed to do as president anyway. 487 00:26:01,800 --> 00:26:04,520 Speaker 2: Well, and Barack Obama and Joe Biden put left wing 488 00:26:04,680 --> 00:26:08,080 Speaker 2: radicals on the courts, and then this is Democrat state 489 00:26:08,080 --> 00:26:11,280 Speaker 2: attorneys general and left wing radical groups going and seeking 490 00:26:11,359 --> 00:26:13,800 Speaker 2: out these radical judges, many of whom, by the way, 491 00:26:13,880 --> 00:26:15,520 Speaker 2: used to work for the groups that are suing. I mean, 492 00:26:15,560 --> 00:26:18,560 Speaker 2: I mean it is. It is fundamentally corrupt, and it 493 00:26:18,640 --> 00:26:21,320 Speaker 2: is one judge. Normally a judge has the authority over 494 00:26:21,359 --> 00:26:24,840 Speaker 2: the parties before him or her, but these judges are 495 00:26:24,840 --> 00:26:29,240 Speaker 2: issuing nationwide orders trying to stop everything President Trump is 496 00:26:29,280 --> 00:26:31,440 Speaker 2: trying to do. We had a hearing of the Judiciary 497 00:26:31,440 --> 00:26:35,120 Speaker 2: Committee last week on this that was focusing on the 498 00:26:35,160 --> 00:26:38,040 Speaker 2: threat to democracy and the rule of law from these 499 00:26:38,119 --> 00:26:40,879 Speaker 2: nationwide injunctions. Here's what I had to say at the hearing. 500 00:26:41,320 --> 00:26:45,000 Speaker 2: It's long been said that hypocrisy is the tribute that 501 00:26:45,119 --> 00:26:48,920 Speaker 2: vice pays to virtue. I have to admit I'm enjoying 502 00:26:49,160 --> 00:26:52,480 Speaker 2: listening to my Democrat colleagues suddenly discover the virtues of 503 00:26:52,520 --> 00:26:55,919 Speaker 2: the rule of law after four years where they brazenly 504 00:26:55,960 --> 00:26:58,600 Speaker 2: supported the most lawless Department of Justice and the most 505 00:26:58,600 --> 00:27:02,720 Speaker 2: politically weaponized department justice our nation has ever seen. We 506 00:27:02,880 --> 00:27:05,119 Speaker 2: just heard the Senator from Rhye Island talk about the 507 00:27:05,119 --> 00:27:09,920 Speaker 2: imperative of protecting judges, and yet not a single Democrat 508 00:27:10,000 --> 00:27:13,200 Speaker 2: senator cared about the violent protesters that showed up outside 509 00:27:13,200 --> 00:27:17,440 Speaker 2: Supreme Court justices homes, including I might note female justices 510 00:27:17,520 --> 00:27:20,960 Speaker 2: like Justice Amy Coney Barrett threatening their family. And Joe 511 00:27:21,000 --> 00:27:23,760 Speaker 2: Biden's Attorney General didn't do a damn thing and refused 512 00:27:23,760 --> 00:27:27,879 Speaker 2: to enforce the law to protect those judges. Why because 513 00:27:27,920 --> 00:27:30,240 Speaker 2: he agreed with the violent protesters and he wanted to 514 00:27:30,240 --> 00:27:35,320 Speaker 2: intimidate and threaten those judges, Professor Bray, Under our constitution, 515 00:27:36,200 --> 00:27:39,480 Speaker 2: who should decide elections the voters or on elected judges. 516 00:27:40,600 --> 00:27:42,240 Speaker 3: The voters are the ones who should vote in the 517 00:27:42,280 --> 00:27:45,879 Speaker 3: election according to the laws, and the laws sometimes have 518 00:27:45,920 --> 00:27:47,720 Speaker 3: to be applied by the judges if they're anse. 519 00:27:47,800 --> 00:27:53,680 Speaker 2: And under our constitution, who is charged with making policy decisions? 520 00:27:53,680 --> 00:27:57,520 Speaker 2: Elected representatives elected by the people or unelected federal judges. 521 00:27:58,320 --> 00:28:01,520 Speaker 3: I think the question of policy, Senator is a little 522 00:28:01,560 --> 00:28:06,040 Speaker 3: broader than the particular case. So the basic laws should 523 00:28:06,040 --> 00:28:08,240 Speaker 3: be enacted by Congress. That's where the fountain of. 524 00:28:08,240 --> 00:28:10,960 Speaker 2: La policy decisions are the elected branch. Right, law is 525 00:28:11,320 --> 00:28:13,440 Speaker 2: the province of the court. Policy is the province of 526 00:28:13,480 --> 00:28:16,760 Speaker 2: the elected branches. These are not complicated, Professor Bry, Let 527 00:28:16,760 --> 00:28:20,080 Speaker 2: me ask you this. Do the federal courts have power 528 00:28:20,080 --> 00:28:22,720 Speaker 2: to issue remedies for people who are not parties to 529 00:28:22,760 --> 00:28:23,160 Speaker 2: a case? 530 00:28:24,160 --> 00:28:26,560 Speaker 3: That's the question, I agree is not complicated. They do 531 00:28:26,640 --> 00:28:27,600 Speaker 3: not have that power. 532 00:28:28,160 --> 00:28:31,919 Speaker 2: Is the phrase nationwide injunction or universal injunction found anywhere 533 00:28:31,920 --> 00:28:32,600 Speaker 2: in the Constitution? 534 00:28:33,240 --> 00:28:35,480 Speaker 3: It is not first chart the. 535 00:28:35,480 --> 00:28:37,560 Speaker 2: First one hundred and fifty years of our republic. How 536 00:28:37,600 --> 00:28:39,320 Speaker 2: many nationwide injunctions were issued? 537 00:28:40,280 --> 00:28:42,320 Speaker 3: My view is that there were not any until nineteen 538 00:28:42,360 --> 00:28:43,560 Speaker 3: sixty three zero. 539 00:28:44,400 --> 00:28:47,880 Speaker 2: Now fast forward, how many nationwide injunctions were issued in 540 00:28:47,920 --> 00:28:50,280 Speaker 2: the entire twentieth century? 541 00:28:51,600 --> 00:28:54,280 Speaker 3: It's a small number. I would I would think it 542 00:28:54,320 --> 00:28:57,440 Speaker 3: would be a dozen. Giver take it's not large. 543 00:28:57,840 --> 00:29:04,640 Speaker 2: Twenty seven actually, excluding Trump's first term. How many nationwide 544 00:29:04,640 --> 00:29:08,480 Speaker 2: injunctions were issued in the last twenty years far more 545 00:29:08,520 --> 00:29:12,960 Speaker 2: than that thirty two from twenty one to twenty twenty 546 00:29:13,040 --> 00:29:16,640 Speaker 2: four against Biden, Obama and Bush thirty two. And how 547 00:29:16,640 --> 00:29:19,920 Speaker 2: many nationwide injunctions have been issued in the last two 548 00:29:19,960 --> 00:29:24,479 Speaker 2: months alone, there have been quite a few thirty seven. 549 00:29:25,520 --> 00:29:29,760 Speaker 2: Let that sink in. There have been more nationwide injunctions 550 00:29:29,760 --> 00:29:33,680 Speaker 2: in the past two months against President Trump than in 551 00:29:33,760 --> 00:29:38,160 Speaker 2: the entire twentieth century. There have been more nationwide injunction 552 00:29:38,240 --> 00:29:42,560 Speaker 2: against President Trump in the last two months than both 553 00:29:42,680 --> 00:29:46,200 Speaker 2: terms of George W. Bush, both terms of Barack Obama, 554 00:29:46,280 --> 00:29:50,520 Speaker 2: and Joe Biden's term. We saw during the Biden presidency 555 00:29:50,680 --> 00:29:56,520 Speaker 2: law Fair indicting President Trump four times, using the machinery 556 00:29:56,520 --> 00:29:58,760 Speaker 2: of justice to attack him, and that was an attack 557 00:29:58,840 --> 00:30:06,440 Speaker 2: on democracy because democrats today hate democracy. Democrats today are 558 00:30:06,640 --> 00:30:09,840 Speaker 2: angry at the voters for re electing Donald Trump and 559 00:30:09,880 --> 00:30:12,600 Speaker 2: electing a Republican Senate in a Republican House, and they 560 00:30:12,640 --> 00:30:19,600 Speaker 2: engaged in Lawfair to stop democracy from operating. Understand, this 561 00:30:20,960 --> 00:30:24,240 Speaker 2: is the second phase of lawfair. Second chart. This is 562 00:30:24,280 --> 00:30:28,160 Speaker 2: the second phase of lawfair. Now that their efforts to 563 00:30:28,240 --> 00:30:30,920 Speaker 2: indict President Trump and stop the voters from re electing 564 00:30:31,000 --> 00:30:34,640 Speaker 2: him have failed, they're going and seeking out individual radical 565 00:30:34,720 --> 00:30:38,200 Speaker 2: judges to try to shut down policies. And they are 566 00:30:38,320 --> 00:30:42,400 Speaker 2: forum shopping like crazy. Give me any loon judge put 567 00:30:42,440 --> 00:30:45,840 Speaker 2: on the bench by Obama or Biden who disagrees with 568 00:30:45,920 --> 00:30:49,840 Speaker 2: the policy. We just saw a judge flagrantly ignore US 569 00:30:49,920 --> 00:30:56,080 Speaker 2: immigration law concerning TPS being revoked. US law explicitly said 570 00:30:56,080 --> 00:30:58,640 Speaker 2: there's no judicial review for that. But hey, they found 571 00:30:58,680 --> 00:31:01,120 Speaker 2: a judge who says, you know what, what we the 572 00:31:01,120 --> 00:31:03,800 Speaker 2: Democrat Party, we are the party of illegal aliens. We 573 00:31:03,880 --> 00:31:07,320 Speaker 2: are the party of murderers and rapists and gang members. 574 00:31:07,640 --> 00:31:12,200 Speaker 2: And the Democrat Party exists here to fight to keep 575 00:31:12,320 --> 00:31:16,400 Speaker 2: murderers and rapists and gang members in your communities. There's 576 00:31:16,400 --> 00:31:19,200 Speaker 2: a reason the Democrat Party is at twenty six percent 577 00:31:19,200 --> 00:31:24,880 Speaker 2: approval nationwide because they put radical policies ahead of rule 578 00:31:25,240 --> 00:31:30,760 Speaker 2: of law nationwide. Injunctions are an abuse of power. It 579 00:31:30,840 --> 00:31:35,240 Speaker 2: is the judiciary acting as policy deciders, and it is 580 00:31:35,280 --> 00:31:38,600 Speaker 2: incumbent on this committee and this body to rein in 581 00:31:38,640 --> 00:31:42,760 Speaker 2: the abuse of power from these unelected radical judges who 582 00:31:42,760 --> 00:31:47,600 Speaker 2: are trying to overturn the election because they disagree with 583 00:31:47,640 --> 00:31:48,720 Speaker 2: what the voters decided. 584 00:31:49,080 --> 00:31:52,080 Speaker 1: So here's my question you just teased at the end, 585 00:31:52,280 --> 00:31:54,800 Speaker 1: and that is it's our job to look at raining 586 00:31:54,840 --> 00:31:57,800 Speaker 1: them in. How long does that take? Can it be 587 00:31:57,840 --> 00:32:01,239 Speaker 1: done through legislation? What are the options here? And how 588 00:32:01,320 --> 00:32:03,120 Speaker 1: quick can we get this under control? 589 00:32:03,400 --> 00:32:05,920 Speaker 2: Well, it could be done quickly. There's legislation. In fact, 590 00:32:05,920 --> 00:32:08,160 Speaker 2: there's legislation we were talking about at that hearing that 591 00:32:08,280 --> 00:32:11,320 Speaker 2: Chuck Grassley's introduced that I'm a co sponsor of that 592 00:32:11,360 --> 00:32:13,800 Speaker 2: would remove the power of a district judge to issue 593 00:32:13,880 --> 00:32:16,520 Speaker 2: nationwide injunctions. I think that makes an awful lot of sense. 594 00:32:17,560 --> 00:32:20,600 Speaker 2: Is that going to pass? Probably not, because for it 595 00:32:20,640 --> 00:32:23,160 Speaker 2: to pass in the Senate would take sixty votes, which 596 00:32:23,160 --> 00:32:25,840 Speaker 2: would mean we would need seven Democrats to support it. 597 00:32:26,400 --> 00:32:30,640 Speaker 2: Every Democrat they're enthusiastic about this lawfare. They want to 598 00:32:30,680 --> 00:32:33,360 Speaker 2: see more of it, so they are dug in. That 599 00:32:33,480 --> 00:32:36,320 Speaker 2: remedy is not there. The other remedy that you and 600 00:32:36,320 --> 00:32:39,720 Speaker 2: I have talked about before is impeachment. Impeachment, you can 601 00:32:39,760 --> 00:32:43,200 Speaker 2: impeach a judge in the House with a majority vote 602 00:32:43,200 --> 00:32:47,000 Speaker 2: to utter and eighteen votes. It may well make sense 603 00:32:47,040 --> 00:32:51,280 Speaker 2: that that one or more of the most egregious district 604 00:32:51,360 --> 00:32:54,520 Speaker 2: judges who are who are defying their oath of office, 605 00:32:55,200 --> 00:32:58,240 Speaker 2: should and perhaps will be impeached by the House. However, 606 00:32:59,440 --> 00:33:01,240 Speaker 2: if and when that happens, it'll come over to the 607 00:33:01,280 --> 00:33:04,000 Speaker 2: Senate for the trial. And under the Constitution it takes 608 00:33:04,040 --> 00:33:07,400 Speaker 2: two thirds to convict. That means we'd need Democrats, and 609 00:33:07,440 --> 00:33:10,040 Speaker 2: the Democrats are not going to convict. There may be 610 00:33:10,160 --> 00:33:12,720 Speaker 2: value in impeaching one or more of these judges anyway 611 00:33:12,800 --> 00:33:19,480 Speaker 2: to highlight the utter, brazen lawlessness of it, and doing 612 00:33:19,560 --> 00:33:21,280 Speaker 2: so would mean we could have a trial on the 613 00:33:21,280 --> 00:33:24,040 Speaker 2: floor of the Senate to lay out just how lawless 614 00:33:24,080 --> 00:33:26,880 Speaker 2: their conduct was. But the judge is not going to 615 00:33:26,920 --> 00:33:30,600 Speaker 2: be removed because the Democrats are all in in support 616 00:33:30,640 --> 00:33:33,760 Speaker 2: of illegal aliens and against the rule of law. That 617 00:33:33,840 --> 00:33:36,960 Speaker 2: means the remedy are number one, the court of public 618 00:33:37,000 --> 00:33:40,440 Speaker 2: opinion making people understand sure just what an abuse of 619 00:33:40,480 --> 00:33:43,480 Speaker 2: power this is, and number two the appellate process, the 620 00:33:43,520 --> 00:33:46,480 Speaker 2: courts of appeals and ultimately the Supreme Court. Now, I 621 00:33:46,480 --> 00:33:51,480 Speaker 2: will say, immediately after I finished my questioning Amy Klobuchar 622 00:33:51,560 --> 00:33:55,200 Speaker 2: spoke next, and I think my comments rattled her because 623 00:33:55,240 --> 00:33:59,480 Speaker 2: she tried to respond, and I got to say what 624 00:33:59,640 --> 00:34:02,840 Speaker 2: she was saying made so little sense. I couldn't resist 625 00:34:02,960 --> 00:34:05,720 Speaker 2: jumping in and and and we had some real fireworks. 626 00:34:06,000 --> 00:34:06,960 Speaker 2: So here, give a listen. 627 00:34:07,280 --> 00:34:10,240 Speaker 5: And the only reason there's all these injunction, center Cruise, 628 00:34:10,480 --> 00:34:15,120 Speaker 5: is because he's violating the constitution. Why would Trump appointed judges? 629 00:34:15,200 --> 00:34:17,440 Speaker 2: Why don't you file him in red red districts? 630 00:34:17,480 --> 00:34:20,279 Speaker 5: Senator cru Why what did you just say? 631 00:34:20,320 --> 00:34:22,400 Speaker 2: Why don't you file him in red districts? Why are 632 00:34:22,400 --> 00:34:26,400 Speaker 2: the Democratic tonator generals seeking out Senator Cruz left wing. 633 00:34:28,160 --> 00:34:33,000 Speaker 5: Senor Cruse's activity in this I'm just gonna ask for 634 00:34:33,040 --> 00:34:37,000 Speaker 5: a point of order. Clob center center, Moody. 635 00:34:37,000 --> 00:34:38,880 Speaker 2: We have debates on this committee that that. 636 00:34:40,440 --> 00:34:42,359 Speaker 5: Let's let her have her time and then we'll get 637 00:34:42,360 --> 00:34:43,560 Speaker 5: back to that. If you want to wait, we'll get 638 00:34:43,560 --> 00:34:44,120 Speaker 5: back to senator. 639 00:34:45,160 --> 00:34:46,920 Speaker 2: Question ahead, choice, go ahead. 640 00:34:47,000 --> 00:34:51,239 Speaker 5: So I was following Senator Cruise once again, but I 641 00:34:51,360 --> 00:34:53,520 Speaker 5: will excuse me, I didn't hear you. What did you 642 00:34:53,520 --> 00:34:56,239 Speaker 5: say to be following him? He and I have a 643 00:34:58,640 --> 00:35:01,240 Speaker 5: permitting you your time to continue. You would be following 644 00:35:01,280 --> 00:35:04,840 Speaker 5: him in order excuse me, go ahead, Senator klob during hearing, 645 00:35:04,920 --> 00:35:07,680 Speaker 5: Go ahead, Satric what I'm rehiring to go ahead? And 646 00:35:07,800 --> 00:35:10,240 Speaker 5: I will take more than my time since he's taken 647 00:35:10,239 --> 00:35:11,759 Speaker 5: more than his time to yell at me. 648 00:35:12,000 --> 00:35:16,399 Speaker 2: Good, I'm not yelling. I asked a question, Senator. 649 00:35:16,080 --> 00:35:17,640 Speaker 5: Crmes, Please, I'll give you time. 650 00:35:18,400 --> 00:35:20,239 Speaker 2: I do have to say, I've seen you yell. That 651 00:35:20,480 --> 00:35:22,640 Speaker 2: was not yelling. I didn't raise my voice at all. 652 00:35:22,719 --> 00:35:26,440 Speaker 2: And by the way, Amy Klobachar had no answer none. 653 00:35:26,520 --> 00:35:29,040 Speaker 2: She's like, well, oh, these injunctions are issuing because everything 654 00:35:29,080 --> 00:35:31,000 Speaker 2: he's doing is illegal. It's like, great, why don't they 655 00:35:31,040 --> 00:35:33,879 Speaker 2: file him in red districts? Why are you seeking out 656 00:35:34,560 --> 00:35:37,080 Speaker 2: the most left wing judges in the country who used 657 00:35:37,120 --> 00:35:40,520 Speaker 2: to be radical activists, who were nominated because they're radical 658 00:35:40,560 --> 00:35:43,080 Speaker 2: activists who used to work for the left wing groups 659 00:35:43,120 --> 00:35:45,480 Speaker 2: that are now bringing the lawsuits. Why are you only 660 00:35:45,520 --> 00:35:47,560 Speaker 2: filing them in their in their courts. If it was 661 00:35:47,640 --> 00:35:50,400 Speaker 2: so clear, if it was such a slam dunk, you 662 00:35:50,440 --> 00:35:53,200 Speaker 2: ought to be able to file them in in red 663 00:35:53,239 --> 00:35:55,600 Speaker 2: districts and Nope, Nope, they ain't gonna do that. She 664 00:35:55,719 --> 00:35:59,560 Speaker 2: had no answer whatsoever. Because this is about power and 665 00:35:59,600 --> 00:36:02,480 Speaker 2: abuse power. This is not about the rule of law. 666 00:36:02,520 --> 00:36:04,920 Speaker 1: Don't forget. We do this show Monday, Wednesday, and Friday. 667 00:36:05,000 --> 00:36:07,640 Speaker 1: Hit that subscriber auto download button if you're watching us 668 00:36:07,680 --> 00:36:11,200 Speaker 1: in the video on YouTube. Make sure that you subscribe. 669 00:36:11,239 --> 00:36:14,000 Speaker 1: You don't miss a single episode on YouTube. We put 670 00:36:14,000 --> 00:36:15,640 Speaker 1: out a lot of stuff on YouTube, so we want 671 00:36:15,680 --> 00:36:17,719 Speaker 1: to make you get all of that as well, and 672 00:36:17,840 --> 00:36:20,840 Speaker 1: grab my show, the Ben Ferguson Podcast on those in 673 00:36:20,920 --> 00:36:23,120 Speaker 1: between days. I'll keep you up today in the latest 674 00:36:23,120 --> 00:36:25,879 Speaker 1: breaking news because there's a lot happening in Washington the Senate, 675 00:36:25,920 --> 00:36:27,839 Speaker 1: and I will see you back here on Wednesday morning.