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

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

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Speaker 1: today's best minds, and Republican Congressman Thomas Matsy says the

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Speaker 1: Epstein conspiracy is going to hurt Republicans in the midterms.

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Speaker 1: We have such a great show for you today. The

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Speaker 1: Lincoln Projects owner Rick Wilson joins us to discuss Trump's

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Speaker 1: Justice Department, talking to Gallaine Maxwell. Then we'll talk to

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Speaker 1: Center on Budget Brendan Duke about how tariffs are affecting

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Speaker 1: our economy. But first the news.

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Speaker 2: Somali Howard Lutnick and mister Trump.

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Speaker 3: They say that the tariffs start on August first, no extensions,

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Speaker 3: and they have a deal with Europe for fifteen percent.

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Speaker 2: Do you believe them?

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Speaker 1: There's a really good article in The New Yorker this

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Speaker 1: week from Antonia Hitchins where she interviews Howard Lutnik and

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Speaker 1: he sends like a very sort of TMU Trump. He

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Speaker 1: lacks the sort of intelligence and cohesive narrative that a

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Speaker 1: Trump does. So if that doesn't fill you with good feeling,

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Speaker 1: I don't know what it is. So again, the tension

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Speaker 1: here about the tariffs is two things. One, they're terrible

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Speaker 1: and they're gonna mess up our economy. Though in this

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Speaker 1: interview with Brendan Duke, which you should listen to because

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Speaker 1: it's really interesting, he actually says that they are actually

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Speaker 1: providing a lot of money for the United States right now.

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Speaker 1: They won't always because they will depress the spending that

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Speaker 1: people do, the domestic spending, which will end up putting

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Speaker 1: us into a sort of recessionary posture at the very least.

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Speaker 1: So financial markets have basically sort of decided that Trump

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Speaker 1: is going to taco at all points chicken out, and

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Speaker 1: so they are not freaking out the way that they

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Speaker 1: might if they really thought it was going to happen.

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Speaker 1: So Letnick is out there saying no extensions, no more

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Speaker 1: grace periods. August first, the aras are set. They will

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Speaker 1: go into place. Now, remember they were going to be

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Speaker 1: in June first, they were going to be mid July.

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Speaker 1: They were ninety deals in ninety days. They were paused.

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Speaker 1: There was that week where he kept saying We're going

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Speaker 1: to do tariffs, and then the market kept going down, down, down,

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Speaker 1: and he wouldn't do anything. But then when the bond

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Speaker 1: market started freaking out. It was then that he decided

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Speaker 1: to do it. But what's really important about this tariff

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Speaker 1: story is this line here at the Yale Budget Lab

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Speaker 1: estimates the blended tariff rate on all imports, factoring in

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Speaker 1: those letters and subsequent deals, and again who even knows,

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Speaker 1: will be just over twenty percent. That's the highest since

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Speaker 1: nineteen eleven. You'll remember nineteen eleven as a year when

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Speaker 1: global trade was humongous. So again, in nineteen eleven, a

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Speaker 1: lot more things were made in America. So now it

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Speaker 1: is more than one hundred years later, we live in

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Speaker 1: this global economy and everything you're going to buy that

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Speaker 1: is not made in America, which is most things, will

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Speaker 1: go up twenty percent. So either the consumers will pay

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Speaker 1: the tariffs right and everything will get twenty percent more expensive,

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Speaker 1: or the companies will pay the tariffs and companies will

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Speaker 1: make twenty percent less money, which I think they'll have

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Speaker 1: to eat twenty percent of the cost of the things

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Speaker 1: they're selling, which seems like a lot. Or the countries

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Speaker 1: that manufacture will make their things twenty percent cheaper. The

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Speaker 1: most likely scenario seems like consumer. It will be the

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Speaker 1: cost will be passed on to the consumer to some extent,

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Speaker 1: so it's worth remembering that like the consumer, it will

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Speaker 1: basically be instead of a corporate tax, that my tax

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Speaker 1: of corporation, you're taxing the consumer. So you are taxing

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Speaker 1: the people who have the least, and it will be

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Speaker 1: like a sort of blanket sales tax the way that

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Speaker 1: you'll remember like Forbes had there's this very rich guy

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Speaker 1: who ran for president and the idea that they would

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Speaker 1: be like this sales tax and they wouldn't be an

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Speaker 1: income tax and sales tax. But the sales tax punishes

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Speaker 1: the people have the least. So between this and the

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Speaker 1: regressive taxation in the BBB, you are really seeing an

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Speaker 1: administration target the least wealthy.

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Speaker 3: Yeah, Hilariously, while you were saying that I got a

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Speaker 3: nice newsort China US to extend tariff pause by another

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Speaker 3: ninety days.

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Speaker 1: We shouldn't. We shouldn't laugh, because we should be happy,

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Speaker 1: because that is it's better for consumers and for people

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Speaker 1: who have lass to have that punted. So, but yes,

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Speaker 1: this is a complete disaster. Talk to us about what

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Speaker 1: else Trump is hiding.

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Speaker 3: Ess So apparently the retrofitting for the Due Air Force

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Speaker 3: wood is going to cost nearly a billion dollars.

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Speaker 1: What I'm shocked I am just shocked because I was

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Speaker 1: told this was going to save money.

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Speaker 3: I was told Elon and Trump, We're going to get

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Speaker 3: into office and find all this waste and abuse and

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Speaker 3: get rid of it.

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Speaker 1: Yeah. I was told there was fraud, waste and abuse.

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Speaker 1: But it sounds like much of the fraud and much

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Speaker 1: of the abuse is coming from inside the White House

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Speaker 1: and also the wist.

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Speaker 2: Yeah. I really like here though.

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Speaker 3: The best line is we believe the actual retrofit of

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Speaker 3: the aircraft could probably cost a round four hundred million dollars.

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Speaker 2: That barely makes this any better, urge.

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Speaker 1: I know. Well. And the reason that Katar was stuck

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Speaker 1: with this plane. They've had this plane for a while

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Speaker 1: and they were trying to sell it and they couldn't

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Speaker 1: get anyone interested in it. What's interesting about this this

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Speaker 1: story actually, and I was reading about it, is that

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Speaker 1: they originally was meant to stay in the Air Force.

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Speaker 1: They're negotiating a final agreement for this plane and according

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Speaker 1: to communications, all right, it will be a donation to

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Speaker 1: the Department of Defense that which will be responsible for

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Speaker 1: the maintenance. Okay, so basically it hasn't been approved yet,

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Speaker 1: but the final agreement is the US Air Force will

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Speaker 1: begin renovating the plane for Air Force one. And my

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Speaker 1: favorite part of this is that it says nothing in

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Speaker 1: this shall be interpreted as an offer, a promise, or

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Speaker 1: acceptance of any form of bribery under influencer coro practices.

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Speaker 1: So it's not going to be accepted as that, which

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Speaker 1: means that it won't be obviously. So Jack Reid, who's

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Speaker 1: a Democrat from Rhode Island who sits on this committee

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Speaker 1: on the Senate Appropriations, asked him in June how long

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Speaker 1: it would take to renovate the jet, and Heggsas said

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Speaker 1: such information was not for public consumption. So then Haiggs

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Speaker 1: has said he couldn't say how much refurbishing the play

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Speaker 1: would cost, angering the normally restraight read. Okay, why can't

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Speaker 1: it be revealed in this setting? Reid said, this is

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Speaker 1: the Appropriation's Committee of the United States Senate. We appropriate

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Speaker 1: the money. You will be spent after it's authorized by

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Speaker 1: my committee. Hegsas said there were several reasons for spending

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Speaker 1: the money on the product, to ensure the safety and

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Speaker 1: security of the President of the United States. I think

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Speaker 1: it's pretty amazing. I mean, heigs seth is really is

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Speaker 1: pretty incompetent. It's just an incredible story all around, very stupid.

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Speaker 3: Speaking of stupid, as we know, Elon Musk is threatening

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Speaker 3: to put third party candidates on the ballot, and the

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Speaker 3: way these Democratic strategists are weighing it, this can be

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Speaker 3: really good news for Democrats.

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Speaker 1: Yeah. I'm old enough to remember when Elon must said

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Speaker 1: he was going to build a hyper loop that was

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Speaker 1: going to get us to Washington, DC in seven minutes.

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Speaker 1: By the way, it turns out he just kept saying

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Speaker 1: that to keep people from investing money in the trains.

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Speaker 3: Right. Well, you know, he had the Boring company and

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Speaker 3: all that, so it was a good net net of

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Speaker 3: his ecosystem, which is one of the things that he

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Speaker 3: seemed to have good business documen for us having an

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Speaker 3: ecosystem of similar technologies.

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Speaker 1: But he mostly just built tunnels for the cars to

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Speaker 1: drive through.

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Speaker 2: Yeah, that's the Boring company, right.

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Speaker 1: So they weren't ever going to build hyper loops. They

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Speaker 1: were just going to build holes. Ahle Right, okay, just checking.

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Speaker 2: Don't forget sell flame throwers.

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Speaker 1: Yes, everybody loves the flame thrower. So anyway, good luck

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Speaker 1: on you have. All he could just do is just

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Speaker 1: give money to all the things he's fucked up since

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Speaker 1: he started doge. But I don't think that's going to happen.

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Speaker 3: Okay, So this is some depressing reporting from the Bulwark.

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Speaker 3: The worst ice agents we're probably going to get her

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Speaker 3: probably coming in now. They're about to hire ten thousand

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Speaker 3: new agents and they're going to be woefully unqualified.

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Speaker 1: It looks like, yeah, I'm shocked. I am shocked to

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Speaker 1: hear this, by the way, Like it's all money they

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Speaker 1: could go to like mental heals and food for hungry

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Speaker 1: children and schools, any number of other things. But at

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Speaker 1: least it's not windmills.

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Speaker 3: Well, speaking of that, did you watch Trump's crazy press

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Speaker 3: conference today?

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Speaker 1: Now? Did you watch it?

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Speaker 3: I watched a highlight cut of it, which was pretty disturbing.

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Speaker 3: One of the more telling parts of it was when

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Speaker 3: a reporter said, can I ask why you're in a

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Speaker 3: bad mood?

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Speaker 2: Was it a bad morning of golf?

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Speaker 1: And he replied, no, the golf was beautiful. I don't

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Speaker 1: know what was beautiful about the golf. Playing golf was beautiful.

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Speaker 1: I mean, I don't want to be a stickler here,

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Speaker 1: but none of these sentences are English. While playing his

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Speaker 1: round of golf at Turnberry his private course, which he

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Speaker 1: is using the presidency to highlight, and supposedly there's some

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Speaker 1: theory that maybe he was cheating. Some of the videos

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Speaker 1: showed that there might have been some cheating. He is

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Speaker 1: known for his cheating. Trump caught sight of windmills that

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Speaker 1: he has long hated, having fought a long battle against

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Speaker 1: their installation, because you'll remember that Trump is very anti

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Speaker 1: any kind of clean energy, and then he went on

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Speaker 1: a long anti windmill rand. Trump two point zero makes

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Speaker 1: Trump one point zero look like Lincoln, That is all.

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Speaker 1: Rick Wilson is the founder of Lincoln Project. In the

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Speaker 1: host of The Enemy's List, Welcome to you, ass Politics,

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Speaker 1: Ely John Fast Rick Wilson.

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Speaker 4: What's going on?

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Speaker 5: Max?

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Speaker 1: I did three hours of live television on MSNBC, and

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Speaker 1: I'm back next weekend on the weekend primetime. If any

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Speaker 1: show still has table, if you still have cable, you

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Speaker 1: should watch me on it. Hello, friend, nothing's happened this week.

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Speaker 5: No, it's been a very boring, quiet weekend. And you

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Speaker 5: know nothing, nothing at all is going on with the

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Speaker 5: President of the United States telling his deputy Attorney general

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Speaker 5: to pardon a woman who ran the largest child trafficking

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Speaker 5: sex pedophile rapering in modern history. Other than that, it's

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Speaker 5: pretty couiet.

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Speaker 1: So let's talk about Tom Planche meeting with Gillay and Maxwell,

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Speaker 1: because I think here's what I want to talk about.

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Speaker 1: So I actually talked to when I was doing this

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Speaker 1: MSNBC show last night, the weekend primetime that you can

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Speaker 1: watch this weekend. When I was doing it, we were

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Speaker 1: talking to this woman who has been a DA and

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Speaker 1: she was saying, I said, is Todd Blanche alone with Glaine?

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Speaker 1: And she said, absolutely not. She said, there's somebody there

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Speaker 1: taking notes, There's somebody else. So the question is, so

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Speaker 1: he's not alone, So even if he's with his people,

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Speaker 1: he still cannot say things like the boss knows you

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Speaker 1: didn't see anything, right, So we hope.

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Speaker 5: Now what we don't know. And I think it would

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Speaker 5: leak if Blanche said everybody else, I need the room

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Speaker 5: just me.

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Speaker 1: And right right for sure?

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Speaker 5: For sure, I think I think that would leak. I

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Speaker 5: do think though, we've got to keep on our eye

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Speaker 5: on the fact that Jelaane's attorney and Todd Blanche are friends.

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Speaker 5: They have a friendship, a relationship, however you want to

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Speaker 5: call it. They've been on podcasts together all this other stuff.

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Speaker 5: There is a link between these two guys. So I

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Speaker 5: think we need to keep you know that. That is

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Speaker 5: how the I think the communication would happen. Todd would

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Speaker 5: say to him, Hey, buddy.

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Speaker 1: You know right, so that but the but here's the

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Speaker 1: thing about this. You've opened a conspiracy theory, right, You've

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Speaker 1: opened the door to a huge conspiracy theory. The people

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Speaker 1: all his people want is information. So you're going to

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Speaker 1: do what You're gonna have Glaine testify it was.

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Speaker 5: Well, she's gonna I think that the fix that they're

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Speaker 5: working up is she's gonna say, oh, of course it

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Speaker 5: was George Soros and Bill Clinton and Bill Gates and

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Speaker 5: and Hillary Clinton and John Podessa. She's gonna she will.

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Speaker 5: This is a woman who is not raised to live

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Speaker 5: in prison.

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Speaker 1: Right, no question you who would be in prison?

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Speaker 5: I think she's right up here.

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Speaker 1: Jesse has turned on his camera give us a look

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Speaker 1: which is like a look of horror.

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Speaker 5: That's the that's the Jesse, what the hell look?

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Speaker 1: Listen to me. I'm happy to if I if it's

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Speaker 1: my time to go to prison, I will. I will

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Speaker 1: go to prison and not like it.

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Speaker 5: But but will you shenk a bitch?

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Speaker 1: I cannot, I can't, I cannot comment. But so here's so,

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Speaker 1: here's a question. So as someone who occupies the Earth's

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Speaker 1: one still is one of the very few people who

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Speaker 1: still live on the actual Earth where things make some

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Speaker 1: sense assemblance of sense. Her coming out and being like

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Speaker 1: I've gotten a pardon everyone, that strikes me as not.

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Speaker 1: I just don't understand how that will get rid of

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Speaker 1: conspiracy theories.

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Speaker 5: Won't that it actually will, it actually will make it worse.

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Speaker 5: And I have a theory of the case mine. I'm

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Speaker 5: curious what you think about this. I think there's a

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Speaker 5: part of Trump he says, okay, if Juleanne comes out

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Speaker 5: and says, oh it was Bill Clinton. Oh is this

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Speaker 5: democrat that democrat, this Democrat that democrat. I think Trump

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Speaker 5: thinks that will be enough for his people. I don't

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Speaker 5: think that's the case anymore. I don't think I don't

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Speaker 5: think they're going to buy it and say, oh, well

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Speaker 5: it's all better now. Good thing we released a woman

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Speaker 5: who ran a pedophile ring for prison. I don't think

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Speaker 5: he has that much latitude with them anymore.

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Speaker 1: So that's the question. And also Trump doesn't want this

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Speaker 1: to keep going, so doing more like I think the

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Speaker 1: grand jury testimony idea was that what would happen is

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Speaker 1: he would say, let's release the grand jury testimony, and

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Speaker 1: everyone knew it wouldn't be released, so they'd be like, oh,

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Speaker 1: we tried to get the grand jury testimony released, but

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Speaker 1: we couldn't get a release. But I'm not convinced that that.

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Speaker 1: Even that just extended the news cycle.

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Speaker 5: He has made every wrong move on this Molly whatever

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Speaker 5: mojo Trump has had for ten years. That left all

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Speaker 5: of us going, ah shit, he changed the news cycle again.

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Speaker 5: It's not working now. And even though he's had to

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Speaker 5: run away to Scotland for the weekend to try to

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Speaker 5: avoid it, he's still getting hit in Scotland on it.

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Speaker 5: He's still taking damage. He can't stop the the he

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Speaker 5: can't stop the drip, drip drip, even if he puts

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Speaker 5: Julane in front of the camera and she said, oh no, Donald.

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Speaker 5: Donald barely knew Jeffrey. He went to one party and

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Speaker 5: left early.

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Speaker 1: Right, the people will believe flight logs, you have the

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Speaker 1: does that if you have the flight logs, how does

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Speaker 1: that work? So Jeffrey never knew him except for these

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Speaker 1: flight logs, right.

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Speaker 5: And they were they barely they ran into each other

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Speaker 5: in New York occasionally. But here's the thing. First off,

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Speaker 5: I think even our terrified media, right once this breaks,

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Speaker 5: will chase her down like a wild animal. The answer

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Speaker 5: to this story will not just be I have no

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Speaker 5: further comment, right, you will never have a day of

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Speaker 5: peace no matter what. I also think, and I heard

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Speaker 5: over the weekend that one major outlet is looking at

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Speaker 5: going back and doing stuff on the victims finally, which

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Speaker 5: I think.

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Speaker 1: There are more than two hundred victims.

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Speaker 5: Yeah, which I think that right. I think the numbers

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Speaker 5: around two hundred. And I think if they do that,

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Speaker 5: that also extends the story because you know what Donald

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Speaker 5: Trump will do. Oh, I barely knew her. She was

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Speaker 5: a crazy slut or whatever is going to be. It's

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Speaker 5: gonna be eging Carol only worse.

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Speaker 1: But even you know, just when Lawrence read the testimony

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Speaker 1: of these girls who were groomed at fourteen and dismissed

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Speaker 1: at eighteen because they were too old, it was pretty

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Speaker 1: jarring to hear that. I mean, I think of myself

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Speaker 1: as pretty cynical, and I was like, whoa, you know.

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Speaker 5: That that was a That was a hell of a

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Speaker 5: piece too, by the way, Yeah, yeah, but it is it,

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Speaker 5: I mean, and that is really all the sort of haha,

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Speaker 5: we got you Maga flipping c aside. They really are

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Speaker 5: having to ask themselves a question right now, and it

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Speaker 5: is am I okay as a MAGA supporter, As a

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Speaker 5: Trump supporter, Am I okay with Donald Trump to protect

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Speaker 5: his political position freeing a woman who sexually abused and

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Speaker 5: who groomed and provided underage girls for rape because that's

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Speaker 5: what it was to Jeffrey Epstein and whoever else is

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Speaker 5: on the list with the I mean, I think a

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Speaker 5: lot of them are having a I mean, I don't

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Speaker 5: know if it's their first moral quandary, but it is

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Speaker 5: a moral quandary for a lot of them where they are,

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Speaker 5: and the more prominent ones I think are also processing

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Speaker 5: this like there's going to be a post Trump era.

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Speaker 5: Am I going to die on the hill of defending

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Speaker 5: Donald Trump's friend Gawaine Maxwell? Right, it's a real he is, apparently,

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Speaker 5: But well.

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Speaker 1: Greg Kelly has a complicated relationship with being accused of things.

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Speaker 1: As you and I both know, it does not stop

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Speaker 1: me that Greg Kelly might in fact have some problems,

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Speaker 1: you know.

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Speaker 2: Yeah, to put it.

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Speaker 1: Understanding why sexual abuse is bad to yes, to put

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Speaker 1: it very mildly. I wonder if we could talk about

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Speaker 1: kind of what the calculus here is for Trump world.

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Speaker 1: We have scandals coming from different parts. It feels like

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Speaker 1: a leaky boat. So we have HEGXET scandals, right, we

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Speaker 1: have more stuff leaking about the signal chat. We have

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Speaker 1: some We definitely.

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Speaker 5: See the polygraph scandal.

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Speaker 1: Right, So there's a polygraph scandal where he's polygraphing people

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Speaker 1: for leaking to the press. There's this other scandal where

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Speaker 1: he is sending classified information on signal. There's so he's

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Speaker 1: he's moving people around. He hired someone from DOGE, he

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Speaker 1: fired them. He you know, there's a lot of like really.

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Speaker 5: I think if the Epstein story had not broken, Hexas

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Speaker 5: would be gone.

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Speaker 1: Yeah.

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Speaker 5: I know. I know that that Trump still has a

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Speaker 5: warm spot in his heart for Pete Hexith because he's

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Speaker 5: good on TV. But I I think the handful of

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Speaker 5: semi quasi dimmy Himmy responsible adults in the White House

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Speaker 5: recognize this guy is a disaster. And I was told

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Speaker 5: by a foreign diplomatic person about a month ago that

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Speaker 5: he is not welcome. They don't want to talk to him. Yeah,

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Speaker 5: I mean, he's unprofessional, he's dangerous, and he's weird. Now

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Speaker 5: I think the d O Jays scandal is is I

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Speaker 5: think we are days, not weeks from Bongo leaving, either

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Speaker 5: being thrown off or fired or leaving on his own

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Speaker 5: two feet.

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Speaker 1: And the reason that you say that, I think is

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Speaker 1: because of the post last night where Bo said I

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Speaker 1: have seen things.

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Speaker 5: This is.

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Speaker 1: Something right, and so that means if he's seen things

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Speaker 1: that scarred his that means that he is saying that

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Speaker 1: the admin is not showing the Maga crowd everything they

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Speaker 1: want to see that's right, and that means that eventually

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Speaker 1: somebody is going to have to go, because either Trump

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Speaker 1: gets rid of Bongino or Bongino gets rid of Bondy.

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Speaker 5: I have heard that Pam Bondi has cashed all her

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Speaker 5: chips in with all of her various patrons. Brian Boward,

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Speaker 5: very influential lobbyist in Trump universe, has been apparently like,

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Speaker 5: I will die on this hill, sir. She must not

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Speaker 5: be thrown out. It would be the worst thing for us. YadA, YadA, YadA.

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Speaker 5: But I think she's in trouble though I think I

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Speaker 5: think she's in trouble. But the basic the base is

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Speaker 5: never going to give up on her. They're never gonna

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Speaker 5: stop dating her.

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Speaker 1: But if you have a choice between Bongino Bondi, is

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Speaker 1: it just does anything Trump wants? Bongino does not. He's

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Speaker 1: a wild barn, right, So if you have a choice

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Speaker 1: between Bongino and Bondio, he's really tight with the guitar.

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Speaker 1: Is Bonnie would be the play in my mind?

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Speaker 5: Yeah? Yeah, yep. But the problem I think that they're

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Speaker 5: having about firing Bongino is they understand that Dan Bongino

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Speaker 5: has a notoriously poor impulse control over his temper and

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Speaker 5: his tongue right, right, and while he's trying to play

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Speaker 5: the role of I am now a federal official at

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Speaker 5: a senior level in the FBI, Yeah, they also remember

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Speaker 5: he's a lunatic, batshit crazy short fuse podcast bro. Yeah,

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Speaker 5: And so he's going to be out there I think

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Speaker 5: as something that worries them. They're probably worried that if

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Speaker 5: they fire him, and it's not like Dan has to

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Speaker 5: spend more time with his family, it'll be that he

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Speaker 5: could pop and say some crazy shit. And again, going

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Speaker 5: back to what we talked about last week, this whole

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Speaker 5: pedophile thing in their heads, this belief that it's the

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Speaker 5: Rosetta Stone breaking the Democrats there, the Democrats are all

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Speaker 5: eating children, blah blah blah, all that crap. Yeah, I

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Speaker 5: think Bongino believes that shit.

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Speaker 1: You still think he does.

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Speaker 5: I still think he does. I think he believes it still,

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Speaker 5: and he knows there's a critical mass of Maga types

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Speaker 5: out there who either if they don't fully believe it,

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Speaker 5: they believe it enough that it's causing them great anxiety

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Speaker 5: now because of the cognitive dissonance of Trump's defense of

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Speaker 5: Maxwell and the Trump's cover up of this, of this story.

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Speaker 1: And that's the ten percent. That's ten percent of Trump's

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Speaker 1: base that from Brizio says is qan on adjacent.

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Speaker 5: Yes, and they those people have a there's a big

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Speaker 5: disadvantage for the Republican Party broadly with those people. They

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Speaker 5: were low propensity voters before Trump, right, They've been high

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Speaker 5: for pensity voters since Trump. And if they if their

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Speaker 5: relationship with Trump is broken somehow, I think they've become

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Speaker 5: low propensity voters again, and they just throw their hands

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Speaker 5: up and say, screw it, I'm not going to do this.

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Speaker 5: They all lie to me. The elites even got to Trump.

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Speaker 5: But you know, Elon Musk has got a new party

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Speaker 5: for him, and they could they could absolutely help the

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Speaker 5: pedophiles in the America Party with Elon Musk.

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Speaker 1: Yeah, I'm sure the America Party is going to do

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Speaker 1: great because Elon is really just killed it with everything

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Speaker 1: he's done since Tesla.

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Speaker 5: It's going to be fantastic.

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Speaker 1: He go when he Veer's non rocket The stuff he

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Speaker 1: does is just beyond like you stick to the rockets.

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Speaker 5: Build the fucking rockets. Just build the Falcon rockets. They

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Speaker 5: do great. Don't try anything complicated or with too many

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Speaker 5: moving parts.

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Speaker 1: Right exactly. So Commers is out the Senate, it's still in.

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Speaker 1: I think they're going out soon for the August recess.

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Speaker 1: We'll come back and we will have elections in New

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Speaker 1: Jersey and the state you are in right now? What

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Speaker 1: state are you in right now?

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Speaker 5: Great state of Virginia.

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Speaker 1: Can tell us tell us what's happening in the Commonwealth.

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Speaker 5: Well, look there, the governor's race statewides and the and

437
00:24:06,480 --> 00:24:09,240
Speaker 5: the legislative races in Virginia and New Jersey happened in

438
00:24:09,240 --> 00:24:12,320
Speaker 5: the off year, the off cycle. So this year we

439
00:24:12,400 --> 00:24:15,560
Speaker 5: have potential to get into Virginia and start to roll

440
00:24:15,600 --> 00:24:19,240
Speaker 5: some real numbers up in the legislative side. We also

441
00:24:19,359 --> 00:24:23,400
Speaker 5: have a really consequential governor governor's race because Abigail span

442
00:24:23,480 --> 00:24:26,399
Speaker 5: Murder is right now blowing the doors off this race,

443
00:24:27,280 --> 00:24:32,040
Speaker 5: raising money, running a perfect campaign against the woman Republican.

444
00:24:32,560 --> 00:24:35,120
Speaker 1: Oh yeah, because she's one of my favorites.

445
00:24:35,240 --> 00:24:38,320
Speaker 5: There's an African American woman named Winsome Seers, right, and

446
00:24:38,400 --> 00:24:41,480
Speaker 5: Winsome Seers is one of these people.

447
00:24:41,600 --> 00:24:44,880
Speaker 1: For whom guns loves Jesus, for.

448
00:24:44,840 --> 00:24:47,120
Speaker 5: Whom, yes, for whom the Lord speaks to her very

449
00:24:47,119 --> 00:24:49,960
Speaker 5: directly and has told her that Donald Trump is the way,

450
00:24:49,960 --> 00:24:52,040
Speaker 5: the hope, the light, and the faith. And that is

451
00:24:52,359 --> 00:24:55,160
Speaker 5: really burned her campaign. She tried to get a little

452
00:24:55,240 --> 00:25:00,240
Speaker 5: less Trump adjacent, and her own people devoured her for

453
00:25:00,400 --> 00:25:04,479
Speaker 5: the Vaga movement just tore her apart. And right now

454
00:25:04,880 --> 00:25:08,200
Speaker 5: they're kind of stuck with her because she's Chris los

455
00:25:08,240 --> 00:25:13,920
Speaker 5: Avita's client, and los Avita is apparently in a raging

456
00:25:14,000 --> 00:25:16,560
Speaker 5: fury all day every day. They can't find anything to

457
00:25:16,640 --> 00:25:19,520
Speaker 5: get a hold of it. Spamberger on in terms of

458
00:25:19,560 --> 00:25:26,240
Speaker 5: oppo or policy stuff, Spamberger is not taking the bait there.

459
00:25:26,480 --> 00:25:29,840
Speaker 5: I mean, they're the Republican parties thing now is oh,

460
00:25:29,920 --> 00:25:33,119
Speaker 5: what about trans athletes? And Spamberger is like, what about

461
00:25:33,119 --> 00:25:33,800
Speaker 5: cost of living?

462
00:25:34,400 --> 00:25:36,480
Speaker 1: Can I ask you a question? Because I want to

463
00:25:36,520 --> 00:25:40,399
Speaker 1: talk about this. So Megan Calay, in her infinite wisdom,

464
00:25:40,880 --> 00:25:46,840
Speaker 1: had on, it's very angry, she's very angry. She had on, Uh,

465
00:25:47,400 --> 00:25:50,520
Speaker 1: this guy Ram Emmanuel, perhaps you've heard of him, And

466
00:25:50,600 --> 00:25:54,399
Speaker 1: she said Rom. She said, Rom, can can can a

467
00:25:54,400 --> 00:26:00,960
Speaker 1: man become a woman? And Rom said no. No. If

468
00:26:01,000 --> 00:26:03,160
Speaker 1: I had been asked that, you know what, I would

469
00:26:03,160 --> 00:26:07,280
Speaker 1: have said, what It's none of my fucking business.

470
00:26:06,960 --> 00:26:09,200
Speaker 5: Right, I don't. I don't care. And by the way,

471
00:26:09,840 --> 00:26:12,080
Speaker 5: how's your homeowners insurance? How's your how's your health?

472
00:26:13,040 --> 00:26:16,000
Speaker 1: But it's also like, why do you care what other.

473
00:26:15,840 --> 00:26:19,800
Speaker 5: People do with them? So actually, I've come up with

474
00:26:19,800 --> 00:26:21,600
Speaker 5: a new, a new line on this. I was with

475
00:26:21,640 --> 00:26:24,160
Speaker 5: a group of Democrats yesterday and give them a little

476
00:26:24,160 --> 00:26:28,560
Speaker 5: bit of communications advice. And a candidate said to me,

477
00:26:29,080 --> 00:26:31,920
Speaker 5: our person said to me, an advisor, not a candidate

478
00:26:32,040 --> 00:26:34,080
Speaker 5: said to me, Okay, so what happens when they hit

479
00:26:34,119 --> 00:26:38,560
Speaker 5: my my my client with trans bathrooms all that shit?

480
00:26:38,640 --> 00:26:40,720
Speaker 5: I said, listen, you just looked them straight in the eye,

481
00:26:40,840 --> 00:26:44,040
Speaker 5: and you say, you seem really interested in trans people.

482
00:26:44,640 --> 00:26:46,800
Speaker 5: I don't want to see your browser history. I don't

483
00:26:46,800 --> 00:26:49,600
Speaker 5: care what you're interested in that. You're obsessed with that,

484
00:26:49,600 --> 00:26:53,560
Speaker 5: that's weird to me. But I'm obsessed with with lowering

485
00:26:53,560 --> 00:26:56,119
Speaker 5: the cost of living, making sure people can afford housing

486
00:26:56,119 --> 00:26:58,639
Speaker 5: and healthcare and get jobs. But if you want to

487
00:26:58,720 --> 00:27:01,440
Speaker 5: keep talking about that stuff, I'm sure there are websites

488
00:27:01,480 --> 00:27:03,399
Speaker 5: about trans people that would that you can spend a

489
00:27:03,440 --> 00:27:04,040
Speaker 5: lot of time on.

490
00:27:04,200 --> 00:27:08,119
Speaker 1: I mean, it just seems like, why, it's other people's bodies.

491
00:27:08,160 --> 00:27:10,600
Speaker 1: It's other people's if you're gay, if you're straight, if

492
00:27:10,600 --> 00:27:12,160
Speaker 1: you're this, or you're that, I don't care. It has

493
00:27:12,160 --> 00:27:14,000
Speaker 1: nothing to do with me what other people do in

494
00:27:14,040 --> 00:27:14,840
Speaker 1: their bedrooms.

495
00:27:15,040 --> 00:27:17,440
Speaker 5: The idea of the trans thing as the culture war

496
00:27:17,480 --> 00:27:21,800
Speaker 5: issue of our time. The Republicans one in part using

497
00:27:21,800 --> 00:27:26,200
Speaker 5: that issue to motivate African American, Hispanic and young white

498
00:27:26,240 --> 00:27:29,040
Speaker 5: men away from the Democrats, because that is an issue

499
00:27:29,040 --> 00:27:32,119
Speaker 5: they care about in some weird, sort of visceral level.

500
00:27:32,400 --> 00:27:36,159
Speaker 5: But the problem with the issue for the Republicans is

501
00:27:36,840 --> 00:27:39,639
Speaker 5: they are now playing what I call the one note flute.

502
00:27:40,359 --> 00:27:43,480
Speaker 5: After a while, nobody's like, everybody's like, Okay, yeah, I

503
00:27:43,560 --> 00:27:46,679
Speaker 5: get you're obsessed with trans people. Whatever your problem is,

504
00:27:46,920 --> 00:27:50,600
Speaker 5: that's your problem. I'm obsessed with you know, You've got

505
00:27:50,640 --> 00:27:53,000
Speaker 5: to bridge out of this because they really would like

506
00:27:53,080 --> 00:27:56,600
Speaker 5: to do. You know, the Democrats are all trans Antifa

507
00:27:56,800 --> 00:27:59,359
Speaker 5: or whatever the crazy shit of the day is.

508
00:28:00,080 --> 00:28:03,520
Speaker 1: Rick Wilson, Mollie John Fast Will you come home?

509
00:28:03,880 --> 00:28:04,639
Speaker 5: You know I will.

510
00:28:06,880 --> 00:28:11,879
Speaker 1: Brendan Duke is a senior director for Federal Budget Policy

511
00:28:12,480 --> 00:28:17,440
Speaker 1: at the Center on Budget and Policy Priorities. Welcome too,

512
00:28:17,480 --> 00:28:18,520
Speaker 1: Fast Politics.

513
00:28:18,600 --> 00:28:20,600
Speaker 4: Brendan, thanks for having me on Mollett.

514
00:28:20,720 --> 00:28:23,200
Speaker 1: You've worked in budget, you work at a think tank

515
00:28:23,240 --> 00:28:26,320
Speaker 1: on budget. Right now, I want you first. We just

516
00:28:26,400 --> 00:28:29,160
Speaker 1: before we started talking, we were talking about this idea

517
00:28:29,760 --> 00:28:32,960
Speaker 1: what Trump two point zero would the BBB looks like?

518
00:28:33,119 --> 00:28:37,119
Speaker 1: So talk us through what this bill is going to

519
00:28:37,160 --> 00:28:40,680
Speaker 1: actually look like for the deficit, for the sort of

520
00:28:40,720 --> 00:28:43,000
Speaker 1: financial health of the country at this moment.

521
00:28:43,440 --> 00:28:46,560
Speaker 4: Right. So, the talking points from the White House is

522
00:28:46,880 --> 00:28:50,080
Speaker 4: this is great for working class families and it reduces

523
00:28:50,120 --> 00:28:54,240
Speaker 4: the deficit. But the Congressional Budget Office, the official scorekeeper

524
00:28:54,480 --> 00:28:58,240
Speaker 4: that people non partisan, nonpartisan, it's run by a former

525
00:28:58,240 --> 00:29:01,280
Speaker 4: Bush appointee to the ANNAW and they say the bill

526
00:29:01,280 --> 00:29:04,840
Speaker 4: ads three point four trillion dollars to the deficit over

527
00:29:04,880 --> 00:29:07,960
Speaker 4: the next ten years. And that doesn't even account for

528
00:29:08,000 --> 00:29:10,160
Speaker 4: all the accounting games they've done to hide the cost,

529
00:29:10,200 --> 00:29:13,200
Speaker 4: which I could talk about. The second thing here is

530
00:29:13,240 --> 00:29:16,040
Speaker 4: that it is a massive tax cut for the highest

531
00:29:16,040 --> 00:29:19,200
Speaker 4: income Americans. For millionaires, it's something like an eighty thousand

532
00:29:19,280 --> 00:29:22,760
Speaker 4: dollars tax kite for them on average, whereas low and

533
00:29:22,800 --> 00:29:26,000
Speaker 4: middle income people barely get anything. And then on top

534
00:29:26,040 --> 00:29:29,520
Speaker 4: of that, they're paying for these tasks that's partially by

535
00:29:29,600 --> 00:29:33,520
Speaker 4: cutting healthcare and by cutting programs that help people buy groceries.

536
00:29:33,840 --> 00:29:36,200
Speaker 4: And we know that doesn't go to millionaires. We know

537
00:29:36,280 --> 00:29:38,520
Speaker 4: that goes to you know, working class folks trying to

538
00:29:38,520 --> 00:29:38,840
Speaker 4: get by.

539
00:29:39,120 --> 00:29:41,080
Speaker 1: So if you're a trumper, you're going to say, but

540
00:29:41,200 --> 00:29:44,200
Speaker 1: that's not true because there's no tax on tips, there's

541
00:29:44,200 --> 00:29:48,200
Speaker 1: no tax on overtime. Explain to us how that is

542
00:29:48,360 --> 00:29:49,640
Speaker 1: actually not true.

543
00:29:49,840 --> 00:29:52,160
Speaker 4: Right, Well, so, like the key thing is is they

544
00:29:52,240 --> 00:29:55,080
Speaker 4: love talking about that stuff, but like new attacks on

545
00:29:55,120 --> 00:29:59,320
Speaker 4: tips costs like seventy billion dollars, the tax that's for

546
00:29:59,360 --> 00:30:04,000
Speaker 4: people making over half million dollars are one point three

547
00:30:04,560 --> 00:30:07,440
Speaker 4: trillion dollars, which I can't even do the math on

548
00:30:07,480 --> 00:30:09,520
Speaker 4: the number of zeros of how much larger that is.

549
00:30:09,800 --> 00:30:12,080
Speaker 4: So like in all their talking points, that's all they're

550
00:30:12,080 --> 00:30:14,880
Speaker 4: talking about, right, is no tax on tips, no tax

551
00:30:14,960 --> 00:30:17,959
Speaker 4: on overtime, et cetera. But it is a minuscule fraction

552
00:30:18,080 --> 00:30:20,480
Speaker 4: of the bill where you can basically just forget about it.

553
00:30:20,520 --> 00:30:22,240
Speaker 4: So I think that's like kind of a shield by

554
00:30:22,240 --> 00:30:26,520
Speaker 4: which they're using to defend these large task cuts. And

555
00:30:26,560 --> 00:30:29,400
Speaker 4: then on top of that, I just think that you know, fundamentally,

556
00:30:29,400 --> 00:30:30,840
Speaker 4: at the end of the day, something like no tax

557
00:30:30,880 --> 00:30:33,520
Speaker 4: on tips, less than five percent of low wage workers

558
00:30:33,720 --> 00:30:37,240
Speaker 4: work into professions at least out janitors, least out security guards,

559
00:30:37,440 --> 00:30:39,040
Speaker 4: lease out all of those guys. They don't get a

560
00:30:39,120 --> 00:30:41,800
Speaker 4: dollar from that. And then many of these low you know,

561
00:30:41,840 --> 00:30:44,640
Speaker 4: low wage workers you get it, don't even pay income taxes.

562
00:30:44,960 --> 00:30:49,160
Speaker 4: So their tax bill goes from zero dollars to zero dollars.

563
00:30:49,400 --> 00:30:51,920
Speaker 4: So you know, again, you know, it's just like trying

564
00:30:51,960 --> 00:30:54,800
Speaker 4: to distract us from the fact that like basically a

565
00:30:54,840 --> 00:30:58,720
Speaker 4: centerpiece of this bill is increasing the amount somebody can

566
00:30:58,720 --> 00:31:03,560
Speaker 4: inherit tax free from fifteen million dollars to thirty million dollars.

567
00:31:03,600 --> 00:31:05,000
Speaker 4: Like that's kind of more at the heart of the

568
00:31:05,040 --> 00:31:07,320
Speaker 4: bill and is actually much larger than things like no

569
00:31:07,400 --> 00:31:08,360
Speaker 4: tax on tips.

570
00:31:08,120 --> 00:31:10,240
Speaker 1: For okay, so no tax on tips is also small,

571
00:31:10,280 --> 00:31:13,520
Speaker 1: but it also isn't it like a lot of people

572
00:31:13,640 --> 00:31:16,640
Speaker 1: who pay a lot of people don't actually pay taxes

573
00:31:16,680 --> 00:31:17,920
Speaker 1: on tips, right.

574
00:31:17,960 --> 00:31:20,840
Speaker 4: Well, so first of all, there's likely a compliance issue

575
00:31:21,200 --> 00:31:23,040
Speaker 4: where you know, a lot of that money doesn't get

576
00:31:23,040 --> 00:31:25,400
Speaker 4: reports virus. Now a lot of a lot that's more

577
00:31:25,440 --> 00:31:28,280
Speaker 4: compliant now that people pay everything with credit cards, right,

578
00:31:28,320 --> 00:31:31,240
Speaker 4: So that does go to the irs, So that's a

579
00:31:31,280 --> 00:31:35,640
Speaker 4: big part of it. But one third of tipped workers

580
00:31:36,120 --> 00:31:38,080
Speaker 4: just don't make enough money to pay income taxes, right.

581
00:31:38,200 --> 00:31:41,520
Speaker 4: So again it's moving from paying zero dollars in taxes

582
00:31:41,520 --> 00:31:44,480
Speaker 4: to paying zero dollars in taxes right, right, So they're

583
00:31:44,480 --> 00:31:46,680
Speaker 4: not paying anything on that.

584
00:31:46,920 --> 00:31:51,040
Speaker 1: Okay, So talk us through why the deficit is actually

585
00:31:51,160 --> 00:31:54,400
Speaker 1: weirdly not growing at this moment, despite the fact that

586
00:31:54,440 --> 00:31:56,360
Speaker 1: they're about to grow the deficit by a lot.

587
00:31:56,840 --> 00:31:58,560
Speaker 4: Right when you look at this bill, it costs three

588
00:31:58,560 --> 00:32:02,959
Speaker 4: point four trillion dollars over time years, but they're actually

589
00:32:03,040 --> 00:32:06,080
Speaker 4: holding back a lot of that explosion in the deficit

590
00:32:06,720 --> 00:32:10,440
Speaker 4: by charging more for imported shoes and coffee, right, So

591
00:32:10,440 --> 00:32:13,920
Speaker 4: they've done these massive increases in tariffs that are actually

592
00:32:14,240 --> 00:32:17,960
Speaker 4: going up supposedly, you know, starting next week, and they've

593
00:32:17,960 --> 00:32:20,760
Speaker 4: done these massive increases that are going into the treasury,

594
00:32:20,760 --> 00:32:23,320
Speaker 4: and the Trump administration is now citing that as a

595
00:32:23,360 --> 00:32:26,240
Speaker 4: reason why the bill is physically responsible. And it's just

596
00:32:26,280 --> 00:32:29,120
Speaker 4: a reshuffling of the tax burden right where we're cutting

597
00:32:29,360 --> 00:32:32,720
Speaker 4: the estate tax, making it easier for really wealthy business

598
00:32:32,760 --> 00:32:35,680
Speaker 4: owners to not pay taxes, right on the one hand,

599
00:32:36,040 --> 00:32:39,440
Speaker 4: But on the other hand, people you know, buying shoes,

600
00:32:39,640 --> 00:32:43,440
Speaker 4: buying coffee, you know, all those sorts of things, they're

601
00:32:43,480 --> 00:32:45,280
Speaker 4: going to pay more at the cash register as or

602
00:32:45,320 --> 00:32:47,920
Speaker 4: results of that. So it just makes our you know,

603
00:32:48,040 --> 00:32:50,120
Speaker 4: tax system just much more aggressive.

604
00:32:50,520 --> 00:32:50,760
Speaker 5: Right.

605
00:32:50,920 --> 00:32:55,600
Speaker 1: So part of why young people are having buyers remorse,

606
00:32:56,040 --> 00:32:59,680
Speaker 1: and I'm talking about people eighteen to thirty five, is

607
00:32:59,720 --> 00:33:03,520
Speaker 1: because they are used to a progressive Obama style tax

608
00:33:03,560 --> 00:33:06,239
Speaker 1: system and all of a sudden they're back in like

609
00:33:06,360 --> 00:33:08,600
Speaker 1: nineteen eighty one Reagan, right.

610
00:33:09,000 --> 00:33:11,200
Speaker 4: Right, I mean, I think Trump has done this kind

611
00:33:11,200 --> 00:33:13,680
Speaker 4: of trick where he talks about things like, oh, maybe

612
00:33:13,720 --> 00:33:16,960
Speaker 4: we'll tax carried interest. Right, So for privacuity executives, first,

613
00:33:17,240 --> 00:33:18,160
Speaker 4: that didn't happen.

614
00:33:19,760 --> 00:33:23,960
Speaker 1: It wouldn't happen. You kidding me, carrying you interest, you

615
00:33:24,160 --> 00:33:25,400
Speaker 1: just go on.

616
00:33:25,680 --> 00:33:27,959
Speaker 4: But he just talked, and it's just amazing how those

617
00:33:28,000 --> 00:33:30,800
Speaker 4: tweets get all the attention, right that he floats these

618
00:33:30,880 --> 00:33:34,520
Speaker 4: ideas and then they never actually happen. But then what

619
00:33:34,640 --> 00:33:37,520
Speaker 4: does happen are the giant tax cuts for those people,

620
00:33:37,880 --> 00:33:40,480
Speaker 4: and then on top of that again making it so

621
00:33:41,040 --> 00:33:46,960
Speaker 4: people buying imported bengos and strawberries and tomatoes pay more.

622
00:33:47,200 --> 00:33:49,760
Speaker 1: So the third quarter had negative.

623
00:33:49,360 --> 00:33:51,800
Speaker 4: Growth, so the first quarter of the year. So for

624
00:33:51,880 --> 00:33:54,480
Speaker 4: physical stuff we have a different quarter, but for like GDP,

625
00:33:54,920 --> 00:33:58,200
Speaker 4: we use the normal quarters where January is the first quarter. Yeah,

626
00:33:58,240 --> 00:33:59,520
Speaker 4: that had negative growth.

627
00:33:59,640 --> 00:34:02,960
Speaker 1: Okay, that was the last most recent quarter had negative growth,

628
00:34:03,080 --> 00:34:03,840
Speaker 1: like point five.

629
00:34:04,120 --> 00:34:07,960
Speaker 4: I think it's about negative one is where it currently stands.

630
00:34:08,239 --> 00:34:11,759
Speaker 4: And then we're i think next week getting the GDP

631
00:34:12,000 --> 00:34:14,440
Speaker 4: report for the second quarter, you know, which you know

632
00:34:14,520 --> 00:34:16,800
Speaker 4: concluded you know, about a month ago, so we're gonna

633
00:34:16,800 --> 00:34:18,919
Speaker 4: get that and I think, you know, people think it'll

634
00:34:18,960 --> 00:34:21,600
Speaker 4: be positive, but a lot of that is just making

635
00:34:21,680 --> 00:34:24,640
Speaker 4: up for the negativity of the first quarter, right right,

636
00:34:24,640 --> 00:34:27,279
Speaker 4: and so net you know, will have something like one

637
00:34:27,320 --> 00:34:30,160
Speaker 4: percent GDP growth, which is you know, not that great.

638
00:34:30,200 --> 00:34:32,160
Speaker 4: It's supposed to be about two percent. It's just like

639
00:34:32,200 --> 00:34:34,600
Speaker 4: supposed to be kind of the normal amount. And Trump

640
00:34:34,680 --> 00:34:37,200
Speaker 4: is talking about three percent, while one percent is lower

641
00:34:37,239 --> 00:34:37,880
Speaker 4: than three percent.

642
00:34:40,120 --> 00:34:43,560
Speaker 1: If for some reason that comes out as negative growth

643
00:34:43,680 --> 00:34:45,000
Speaker 1: will be in reception by.

644
00:34:44,880 --> 00:34:46,160
Speaker 4: A lot of technical definitions.

645
00:34:46,239 --> 00:34:48,520
Speaker 1: Yeah, but you think it will still be positive.

646
00:34:48,880 --> 00:34:50,959
Speaker 4: Yeah, I think most people think, you know, most people

647
00:34:51,000 --> 00:34:54,080
Speaker 4: think it'll be something like two percent, which sounds good

648
00:34:54,080 --> 00:34:56,239
Speaker 4: and normal, except for the fact that we already went

649
00:34:56,480 --> 00:34:59,600
Speaker 4: down in the first so it needs to be higher

650
00:34:59,680 --> 00:35:01,919
Speaker 4: to make up for that, you know, for being bad

651
00:35:01,960 --> 00:35:02,640
Speaker 4: in the first quarter.

652
00:35:02,960 --> 00:35:06,840
Speaker 1: Right, all right, so we have this regressive taxation, we

653
00:35:07,080 --> 00:35:10,160
Speaker 1: have these tariffs, which I guess are going to hit soon.

654
00:35:10,360 --> 00:35:13,000
Speaker 1: It just would love you to explain, like he's so

655
00:35:13,160 --> 00:35:15,319
Speaker 1: back and forth. We don't know what's the deal, what's

656
00:35:15,360 --> 00:35:18,560
Speaker 1: not a deal. If he puts them in place, they

657
00:35:18,600 --> 00:35:22,240
Speaker 1: are going to radically reshape the way we buy things.

658
00:35:21,960 --> 00:35:25,520
Speaker 4: Right, Yeah, So, I mean it's kind of crazy because

659
00:35:25,840 --> 00:35:27,399
Speaker 4: a lot of people are saying, oh, he's backed off

660
00:35:27,400 --> 00:35:30,120
Speaker 4: of the tariffs, but you know, his backing off of

661
00:35:30,160 --> 00:35:32,680
Speaker 4: the tariffs was about like a ten percent tariff for

662
00:35:32,719 --> 00:35:36,680
Speaker 4: everywhere but China and thirty percent for China. But now

663
00:35:37,280 --> 00:35:41,160
Speaker 4: we're talking about like fifteen to twenty percent for all

664
00:35:41,200 --> 00:35:44,759
Speaker 4: of these major trading partners like Japan, right, So we

665
00:35:44,840 --> 00:35:47,640
Speaker 4: have ratcheted it up. You know, there's a rumor that

666
00:35:47,840 --> 00:35:50,680
Speaker 4: you may land at something like fifteen percent, So they

667
00:35:50,680 --> 00:35:54,120
Speaker 4: have just ratcheted that up. And you know, right now,

668
00:35:54,280 --> 00:35:56,279
Speaker 4: you know, there's three groups that could pay the terriffs, right,

669
00:35:56,440 --> 00:35:59,960
Speaker 4: which is foreigners they can lower their prices, the company

670
00:36:00,160 --> 00:36:02,839
Speaker 4: that actually you know, pay the US government for it,

671
00:36:03,000 --> 00:36:05,839
Speaker 4: could you know, just take lower profits. And third they

672
00:36:05,840 --> 00:36:08,560
Speaker 4: can pass it on to consumers. So step one we've

673
00:36:08,560 --> 00:36:11,960
Speaker 4: seen has not been happening. Import prices have not been following,

674
00:36:12,000 --> 00:36:16,080
Speaker 4: which means some form of Americans are paying the terriffs, right.

675
00:36:16,719 --> 00:36:20,319
Speaker 4: And then as of right now, most of it has

676
00:36:20,360 --> 00:36:23,840
Speaker 4: been companies you know that have just been reporting lower profits.

677
00:36:23,880 --> 00:36:27,200
Speaker 4: So GM said, you know, reported lower profits because they're

678
00:36:27,200 --> 00:36:30,680
Speaker 4: just paying it out. You know, Nike is reporting lower profits.

679
00:36:30,680 --> 00:36:33,200
Speaker 4: They said they're going to do quote unquote surgical price

680
00:36:33,239 --> 00:36:36,160
Speaker 4: increases later in the year. But I think a lot

681
00:36:36,239 --> 00:36:38,360
Speaker 4: of these companies have been holding off on passing it

682
00:36:38,400 --> 00:36:41,160
Speaker 4: on to consumers because there's a lot of uncertainly about

683
00:36:41,200 --> 00:36:45,080
Speaker 4: what the terrorists are if they are legal, and you know,

684
00:36:45,120 --> 00:36:46,880
Speaker 4: those sorts of things. But for example, a lot of

685
00:36:46,880 --> 00:36:50,040
Speaker 4: people expect on cars that when they roll out the

686
00:36:50,200 --> 00:36:52,759
Speaker 4: twenty twenty six models, all of a sudden, they'll be,

687
00:36:52,920 --> 00:36:55,719
Speaker 4: you know, several thousand dollars more expensive. They're not going

688
00:36:55,800 --> 00:36:58,400
Speaker 4: to say it's the tariffs, but yeah, that'll be why.

689
00:36:58,520 --> 00:37:01,759
Speaker 1: And I think it's important to realize, like with Amazon,

690
00:37:02,400 --> 00:37:05,600
Speaker 1: Bezos had wanted to do a tariff calculator and Trump

691
00:37:05,680 --> 00:37:08,320
Speaker 1: was like, no way. And a lot of these places

692
00:37:08,320 --> 00:37:10,800
Speaker 1: have wanted to, like have said they were going to

693
00:37:10,840 --> 00:37:13,360
Speaker 1: make things more expensive because of tariffs, and Trump was

694
00:37:13,480 --> 00:37:18,560
Speaker 1: mad at them and then promised retribution. So the idea

695
00:37:18,640 --> 00:37:23,279
Speaker 1: here is that somehow companies will keep having less profits

696
00:37:23,600 --> 00:37:26,279
Speaker 1: so that Trump doesn't get mad at them. Right, I mean,

697
00:37:26,360 --> 00:37:27,960
Speaker 1: that's really what's happening here.

698
00:37:28,440 --> 00:37:30,800
Speaker 4: I think that's like temporary, and they're going to figure

699
00:37:30,840 --> 00:37:32,759
Speaker 4: out a way to do that because the laws of

700
00:37:32,800 --> 00:37:35,319
Speaker 4: gravity when it comes to you know, shareholder profits are

701
00:37:35,320 --> 00:37:37,920
Speaker 4: going to hold eventually. Right, So again they're gonna like

702
00:37:38,200 --> 00:37:40,720
Speaker 4: with car companies, I think what they'll say is, oh,

703
00:37:40,840 --> 00:37:43,120
Speaker 4: we have a new stands system, and somehow that drives

704
00:37:43,200 --> 00:37:45,640
Speaker 4: up the price of the car by seven thousand dollars.

705
00:37:45,719 --> 00:37:47,520
Speaker 4: It's probably not the sound system that caused that. It's

706
00:37:47,600 --> 00:37:50,160
Speaker 4: probably the terrorifs. But you know they're going to say that.

707
00:37:50,200 --> 00:37:51,360
Speaker 4: So I think there's going to be a lot of

708
00:37:51,400 --> 00:37:54,800
Speaker 4: marketing in terms of, you know, trying to avoid that subject.

709
00:37:55,080 --> 00:37:58,520
Speaker 4: Shareholders are not going to be cool with getting less profits, right.

710
00:37:58,680 --> 00:38:03,239
Speaker 1: Yeah, And I think it's interesting in this moment because

711
00:38:03,719 --> 00:38:08,960
Speaker 1: eventually people will put it together that tariffs are making

712
00:38:09,000 --> 00:38:12,040
Speaker 1: things more expensive. And one of the sort of legacies

713
00:38:12,040 --> 00:38:15,399
Speaker 1: of trade wars when we've seen them historically, is that

714
00:38:15,760 --> 00:38:19,000
Speaker 1: it's very hard to get people to bring prices down, right,

715
00:38:19,080 --> 00:38:21,719
Speaker 1: Like that really good example of the dryer tariffs where

716
00:38:21,760 --> 00:38:25,319
Speaker 1: they teariff dryers, washing machines became more expensive. It's like,

717
00:38:26,000 --> 00:38:28,839
Speaker 1: I just I wonder, so you tear if you tear

718
00:38:28,840 --> 00:38:30,960
Speaker 1: off all these things, Like, I feel like there's a

719
00:38:31,120 --> 00:38:34,440
Speaker 1: likely scenario where Trump tariffs a bunch of stuff. Everyone

720
00:38:34,640 --> 00:38:38,920
Speaker 1: freaks out, right, people stop buying things, fruit starts rotting

721
00:38:38,960 --> 00:38:43,439
Speaker 1: in the stores. He goes, okay, you know taco, right.

722
00:38:43,480 --> 00:38:46,880
Speaker 1: Trump always chickens out, and then he can't get the

723
00:38:46,920 --> 00:38:50,400
Speaker 1: prices down because that's not how any of this works.

724
00:38:51,040 --> 00:38:54,080
Speaker 4: Yeah, I mean totally, and he'll get frustrated about it, right,

725
00:38:54,239 --> 00:38:57,040
Speaker 4: And I mean I think that's why he's you know, pressure,

726
00:38:57,120 --> 00:39:00,359
Speaker 4: and I think, you know, all this frustration. Now he's

727
00:39:00,360 --> 00:39:04,399
Speaker 4: blaming the Federal Reserve or not cutting rates because they're

728
00:39:04,480 --> 00:39:07,640
Speaker 4: scared of the inflation from these terrorists. And now he's

729
00:39:07,640 --> 00:39:10,120
Speaker 4: talking about you know, he's been talking about firing the

730
00:39:10,160 --> 00:39:14,759
Speaker 4: FED chair and basically pulling like an Argentina where the

731
00:39:15,360 --> 00:39:17,359
Speaker 4: you know, the interest rate is what he decides it

732
00:39:17,400 --> 00:39:20,000
Speaker 4: to be, which you know history tells us causes inflation.

733
00:39:20,440 --> 00:39:22,640
Speaker 1: Yeah, it's not going to be good. I want you

734
00:39:22,719 --> 00:39:27,000
Speaker 1: to talk about the bond markets because like there's a

735
00:39:27,040 --> 00:39:30,240
Speaker 1: lot of anxiety that Trump is going to do stuff

736
00:39:30,239 --> 00:39:33,240
Speaker 1: to the country this time that you can't be undone

737
00:39:33,600 --> 00:39:36,640
Speaker 1: with the democratic administration. And I think that is why

738
00:39:36,680 --> 00:39:40,880
Speaker 1: there's so much skittishness in our debt, in the owning

739
00:39:40,920 --> 00:39:43,560
Speaker 1: of our debt, which is the bond markets. So I

740
00:39:43,640 --> 00:39:45,880
Speaker 1: wonder if you could talk to us about sort of

741
00:39:45,920 --> 00:39:50,160
Speaker 1: what's happening there and its anxieties and what you see

742
00:39:50,280 --> 00:39:50,960
Speaker 1: going on there.

743
00:39:51,239 --> 00:39:54,080
Speaker 4: Yeah. So I mean, just first of all, without with

744
00:39:54,160 --> 00:39:57,080
Speaker 4: some of the trumpy stuff, without the trumpiest stuff, it's

745
00:39:57,160 --> 00:39:59,600
Speaker 4: just you know, we passed the three point four trillion

746
00:39:59,640 --> 00:40:03,120
Speaker 4: dollar paid. You know, are making very little effort to

747
00:40:03,120 --> 00:40:06,040
Speaker 4: bring down our deficits right where the tariffs are mostly

748
00:40:06,200 --> 00:40:08,680
Speaker 4: kind of keeping you know, high deficits in place. But

749
00:40:08,920 --> 00:40:11,480
Speaker 4: you know, we're still we still have a lot of debt, right,

750
00:40:11,600 --> 00:40:14,279
Speaker 4: and that's just because you know, again he's refusing to

751
00:40:14,640 --> 00:40:15,840
Speaker 4: raise taxes on rich people.

752
00:40:15,880 --> 00:40:16,040
Speaker 5: Right.

753
00:40:16,280 --> 00:40:18,360
Speaker 4: So that's like the first baseline is that there's just

754
00:40:18,400 --> 00:40:21,400
Speaker 4: a ton of debt and it's not clear. You know,

755
00:40:21,440 --> 00:40:24,239
Speaker 4: it's like supply and demand. The supply of treasuries on

756
00:40:24,280 --> 00:40:26,920
Speaker 4: the market is just a ton, right, which produces you know,

757
00:40:26,960 --> 00:40:29,600
Speaker 4: people's interest in buy our debt. So that's the first part.

758
00:40:29,640 --> 00:40:31,960
Speaker 4: And then the second part is he's looking at this

759
00:40:32,040 --> 00:40:34,360
Speaker 4: and interest rates are high, and he's like, oh, my

760
00:40:34,400 --> 00:40:37,320
Speaker 4: interest costs are high. And you know, you could imagine

761
00:40:37,320 --> 00:40:39,479
Speaker 4: if you have credit card debt and you're paying a lot,

762
00:40:39,560 --> 00:40:42,359
Speaker 4: you know, each month to the credit card company, while

763
00:40:42,560 --> 00:40:44,879
Speaker 4: you know, he's thinking, well, maybe I could just set

764
00:40:44,920 --> 00:40:48,000
Speaker 4: the rate lower and that'll be great, Which would be

765
00:40:48,080 --> 00:40:50,080
Speaker 4: nice if you could do that with your credit card company,

766
00:40:50,600 --> 00:40:53,239
Speaker 4: And in some sense maybe kind of try to do that,

767
00:40:53,440 --> 00:40:55,800
Speaker 4: I guess with the federal reserve. Except the problem is

768
00:40:55,840 --> 00:40:58,040
Speaker 4: these are markets, right, and so markets are going to

769
00:40:58,200 --> 00:41:01,080
Speaker 4: expect are going to expect high inflation, which drives up

770
00:41:01,080 --> 00:41:03,919
Speaker 4: interest rates on its own right, and then on top

771
00:41:03,960 --> 00:41:07,520
Speaker 4: of that, undermining central bank independence. We know that's how

772
00:41:07,560 --> 00:41:10,520
Speaker 4: you get higher inflation. That countries that have an independent

773
00:41:10,560 --> 00:41:15,160
Speaker 4: central bank just have lower inflation but better growth and

774
00:41:15,239 --> 00:41:19,120
Speaker 4: lower interest rates, because it's credible when you turn the

775
00:41:19,120 --> 00:41:22,680
Speaker 4: central bank into Argentina, that's not the case. Setting. Now,

776
00:41:22,960 --> 00:41:25,279
Speaker 4: there are some challenges here where it's not clear as

777
00:41:25,280 --> 00:41:27,160
Speaker 4: the legal authority to fire the FED chair. And then

778
00:41:27,200 --> 00:41:29,719
Speaker 4: on top of that, even when he appoints one, it's

779
00:41:29,760 --> 00:41:32,080
Speaker 4: a committee that sets the interest rate. So that's going

780
00:41:32,120 --> 00:41:34,919
Speaker 4: to lead to a whole other thing where he's going

781
00:41:34,960 --> 00:41:38,080
Speaker 4: to you know, he may appoint somebody who you know

782
00:41:38,280 --> 00:41:41,280
Speaker 4: is kind of his his lackey, right, kind of basically

783
00:41:41,280 --> 00:41:43,759
Speaker 4: tries to act like a Benia Republic central bank chair,

784
00:41:44,000 --> 00:41:48,040
Speaker 4: but the rest of the FED, ah, right, and then

785
00:41:48,200 --> 00:41:51,080
Speaker 4: you can imagine the tweets that will flow from there, and.

786
00:41:51,120 --> 00:41:53,840
Speaker 1: He may not be able to get that person congressional approval.

787
00:41:54,080 --> 00:41:56,040
Speaker 1: It's hard for me to imagine that everyone's going to

788
00:41:56,120 --> 00:41:56,719
Speaker 1: sign up for this.

789
00:41:57,400 --> 00:41:59,279
Speaker 4: Yeah, I mean, it's a choice facing him. Now, there

790
00:41:59,280 --> 00:42:02,520
Speaker 4: are some you know, credible people that have been floated

791
00:42:02,880 --> 00:42:05,480
Speaker 4: who would like lower interest rates, like Chris Waller at

792
00:42:05,480 --> 00:42:08,080
Speaker 4: the FED, who's a very well respected person. If he

793
00:42:08,160 --> 00:42:10,799
Speaker 4: named that person, he would probably get Democratic votes. But

794
00:42:11,040 --> 00:42:14,640
Speaker 4: if he appointed somebody like Kevin Hassett, who is just

795
00:42:15,080 --> 00:42:18,719
Speaker 4: a lackey for him, and that looks really bad. And

796
00:42:18,800 --> 00:42:20,600
Speaker 4: you know, I think it becomes a key question of

797
00:42:21,120 --> 00:42:24,200
Speaker 4: where is Trump's political capital essentially ten months from now,

798
00:42:24,400 --> 00:42:27,319
Speaker 4: And you know, I mean, we will see he's doing

799
00:42:27,320 --> 00:42:29,520
Speaker 4: a great job of spending it. So you know, it

800
00:42:29,600 --> 00:42:32,920
Speaker 4: just depends on where you know, Senate Republicans look both

801
00:42:32,960 --> 00:42:35,799
Speaker 4: the pick and what's going on with Senate Republicans at

802
00:42:35,800 --> 00:42:36,400
Speaker 4: that point.

803
00:42:36,600 --> 00:42:42,160
Speaker 1: I want you to explain, just for two seconds, it

804
00:42:42,320 --> 00:42:45,040
Speaker 1: seems as if and again I don't want to be hopeful,

805
00:42:45,080 --> 00:42:48,279
Speaker 1: because I think it keeps backfiring on me to have

806
00:42:48,360 --> 00:42:51,640
Speaker 1: any kind of hope. But it does strike me that

807
00:42:51,800 --> 00:42:56,799
Speaker 1: the fact that both Republican and Democratic senators seem like

808
00:42:56,880 --> 00:43:03,440
Speaker 1: they cannot trust russ Font when it comes to recisions,

809
00:43:03,520 --> 00:43:06,920
Speaker 1: when it comes to spending, when it comes to empowerment.

810
00:43:07,200 --> 00:43:09,760
Speaker 1: The only people you can ever get to vote against

811
00:43:09,840 --> 00:43:14,480
Speaker 1: this administration no matter what they pretend they believe. Are

812
00:43:14,800 --> 00:43:20,040
Speaker 1: Mitch Susan, Lisa Murkowski, and Tom Tillis. So that's it.

813
00:43:20,160 --> 00:43:23,239
Speaker 1: And they never vote all together because then they could

814
00:43:23,280 --> 00:43:26,400
Speaker 1: stop legislation and since they don't want to ever do that.

815
00:43:26,760 --> 00:43:29,200
Speaker 1: But I mean, it does seem like those people are

816
00:43:29,960 --> 00:43:34,040
Speaker 1: the ones if you could have anyone possibly vote against

817
00:43:34,040 --> 00:43:34,560
Speaker 1: any of those.

818
00:43:35,120 --> 00:43:37,200
Speaker 4: Yeah, it's a really interesting thing. I like to joke

819
00:43:37,280 --> 00:43:39,960
Speaker 4: that there's you know, three parties in the Senate of

820
00:43:39,960 --> 00:43:43,759
Speaker 4: their Democrats, Republicans and members of the Appropriations Committee. And

821
00:43:43,840 --> 00:43:47,440
Speaker 4: you know, three of those you mentioned, McConnell, Murkowski, and

822
00:43:47,480 --> 00:43:50,759
Speaker 4: Collins are all senior members of the Appropriations Committee, right,

823
00:43:51,160 --> 00:43:54,160
Speaker 4: And normally the way we found the government is a

824
00:43:54,239 --> 00:43:58,920
Speaker 4: bipartisan deal sixty votes in the Senate, which means you need,

825
00:43:59,239 --> 00:44:02,920
Speaker 4: you know, bipartisan support to do it right, and all

826
00:44:02,960 --> 00:44:05,680
Speaker 4: three of these members are veterans of that process, right,

827
00:44:06,080 --> 00:44:08,600
Speaker 4: And just I think generally, you know, the appropriations committees

828
00:44:08,600 --> 00:44:11,440
Speaker 4: as a whole, you know, know, that's how it works,

829
00:44:11,480 --> 00:44:14,520
Speaker 4: and they value that. And what you know Vought has

830
00:44:14,560 --> 00:44:18,560
Speaker 4: been doing is being basically undermining those bipartison deals and

831
00:44:18,560 --> 00:44:23,120
Speaker 4: frankly undermining the authority of those Republican appropriations members, right,

832
00:44:23,360 --> 00:44:26,799
Speaker 4: So when they impound funds legally don't spend money that

833
00:44:26,920 --> 00:44:31,080
Speaker 4: Congress hold them to spend. That's directly undermining the Appropriation's committee.

834
00:44:31,160 --> 00:44:34,480
Speaker 4: And when they do this recisions thing, that first undermines

835
00:44:34,480 --> 00:44:37,160
Speaker 4: the Proparation's committee again because those did not come from

836
00:44:37,160 --> 00:44:41,400
Speaker 4: the committee. And then second completely undermines the bipartisan process.

837
00:44:41,480 --> 00:44:44,360
Speaker 4: And they know that that is going to cause, you know,

838
00:44:44,400 --> 00:44:46,760
Speaker 4: the future of the way we do appropriations to break

839
00:44:46,800 --> 00:44:50,000
Speaker 4: down because there will be no trust because essentially what

840
00:44:50,040 --> 00:44:52,400
Speaker 4: they plan on doing here is take sixty votes to

841
00:44:52,440 --> 00:44:56,240
Speaker 4: pass an appropriation spill, but fifty votes to do a recision.

842
00:44:56,560 --> 00:44:59,640
Speaker 4: And you can obviously see those incentives where you have

843
00:44:59,680 --> 00:45:02,080
Speaker 4: a bi partisan deal and then directly undermine it via

844
00:45:02,200 --> 00:45:05,240
Speaker 4: partisan vote, which is what happened with that recisions package.

845
00:45:05,280 --> 00:45:07,239
Speaker 4: I think the one thing that gives me hope is

846
00:45:07,360 --> 00:45:10,960
Speaker 4: they barely passed that recisions package, and that was like

847
00:45:11,400 --> 00:45:14,680
Speaker 4: the most like Republican friendly we're going to defund USAID

848
00:45:14,800 --> 00:45:18,839
Speaker 4: and PBS version, right, and like they barely got that

849
00:45:19,120 --> 00:45:22,000
Speaker 4: to the finish line. When it comes to like core

850
00:45:22,080 --> 00:45:24,799
Speaker 4: domestic programs, I think that is going to make that

851
00:45:24,880 --> 00:45:27,359
Speaker 4: a you know, like a tougher road.

852
00:45:27,560 --> 00:45:30,279
Speaker 1: But Russavot doesn't give a shit, like he'll just not

853
00:45:30,440 --> 00:45:31,280
Speaker 1: give the money.

854
00:45:31,560 --> 00:45:34,719
Speaker 4: Right, it's blatantly illegal. And yeah, I mean, I mean

855
00:45:34,960 --> 00:45:38,120
Speaker 4: a big problem is Congress's tools are the law, and

856
00:45:38,239 --> 00:45:42,120
Speaker 4: it's very hard to pass laws even with Republican support

857
00:45:42,520 --> 00:45:45,040
Speaker 4: that prevents somebody from breaking the law. Right, that's just

858
00:45:45,120 --> 00:45:48,440
Speaker 4: a core challenge there. But I mean, I think that

859
00:45:49,000 --> 00:45:50,600
Speaker 4: you know, we will see. I mean, I think that

860
00:45:51,040 --> 00:45:53,640
Speaker 4: you know, there can be pressure, right, I mean, Russbott

861
00:45:53,800 --> 00:45:56,920
Speaker 4: is not Donald Trump, and he can convince Donald Trump

862
00:45:56,920 --> 00:45:59,640
Speaker 4: to do stupid stuff. And Donald Trump has no problem

863
00:45:59,719 --> 00:46:02,800
Speaker 4: blame other people for that, right, So you know, maybe

864
00:46:02,840 --> 00:46:04,480
Speaker 4: that you know, Chris pressure there.

865
00:46:04,520 --> 00:46:07,399
Speaker 1: That this was thank you, thank you, thank you, thank

866
00:46:07,440 --> 00:46:08,360
Speaker 1: you for joining.

867
00:46:08,200 --> 00:46:09,799
Speaker 4: Us, thanks for having us.

868
00:46:11,640 --> 00:46:12,840
Speaker 2: No moment.

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00:46:14,760 --> 00:46:17,120
Speaker 1: Rick Wilson, Well, John Fast.

870
00:46:17,120 --> 00:46:19,680
Speaker 5: The fucker Reaward of the Week the month the year

871
00:46:19,760 --> 00:46:22,160
Speaker 5: has to go to Todd Blanche for flying on a

872
00:46:22,239 --> 00:46:24,160
Speaker 5: DOJ private jet to Tallahassee, Florida.

873
00:46:24,280 --> 00:46:26,280
Speaker 1: US. One does as one does.

874
00:46:27,160 --> 00:46:29,799
Speaker 5: Obviously I'll be flying back on my private jet, which

875
00:46:29,800 --> 00:46:34,160
Speaker 5: is of course Delta Airlines. But the visit to Tallahassee

876
00:46:34,280 --> 00:46:38,640
Speaker 5: was the most obvious and corrupt bribe attempt I've ever seen,

877
00:46:38,880 --> 00:46:41,800
Speaker 5: and the idea that he would go down there suddenly

878
00:46:41,920 --> 00:46:44,080
Speaker 5: at this at this late date, the case.

879
00:46:43,960 --> 00:46:45,120
Speaker 1: Is four years.

880
00:46:45,400 --> 00:46:48,080
Speaker 5: Four years, she's been in prison and brings a fucking

881
00:46:48,160 --> 00:46:51,120
Speaker 5: gift basket. Okay, she came back to the to the

882
00:46:51,200 --> 00:46:54,399
Speaker 5: goddamn prison with some kind of basket. And I think

883
00:46:54,480 --> 00:46:57,120
Speaker 5: this matter will go down in DOJ's history. Is one

884
00:46:57,120 --> 00:46:59,680
Speaker 5: of the most shameful days in the history of DJ

885
00:47:00,160 --> 00:47:03,920
Speaker 5: because it is absolute overt corruption in an attempt by

886
00:47:03,960 --> 00:47:06,440
Speaker 5: Donald Trump's personal lawyer who now just happens to get

887
00:47:06,440 --> 00:47:09,640
Speaker 5: a paycheck from the government to suborn her perjury and

888
00:47:09,719 --> 00:47:12,760
Speaker 5: her lies so he can protect himself from the Epstein files.

889
00:47:12,960 --> 00:47:14,399
Speaker 5: It is really disappointing.

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00:47:14,640 --> 00:47:16,720
Speaker 1: It ain't over yet, baby, No.

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00:47:16,719 --> 00:47:18,640
Speaker 5: It is not more to come, folks.

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00:47:19,480 --> 00:47:23,879
Speaker 1: That's it for this episode of Fast Politics. Tune in

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00:47:24,160 --> 00:47:29,600
Speaker 1: every Monday, Wednesday, Thursday and Saturday to hear the best

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00:47:29,680 --> 00:47:34,000
Speaker 1: minds and politics make sense of all this chaos. If

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00:47:34,040 --> 00:47:37,080
Speaker 1: you enjoy this podcast, please send it to a friend

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00:47:37,520 --> 00:47:40,760
Speaker 1: and keep the conversation going. Thanks for listening.