Speaker 1: Hello, everybody, Welcome to our Friday show with Ryan and Emily.
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Speaker 1: with that, let's kick it over to Ryan and Emily.
Speaker 2: Good morning, Thank you so much for joining us on
Speaker 2: another exciting Friday show.
Speaker 3: Ryan, how you doing, I'm doing well? How about yourself?
Speaker 2: Good? Have a good Friday to everyone. We're missing Crystal
Speaker 2: and Sager today. They'll be with us in spirit, for sure.
Speaker 2: They helped come up with a lot of the things
Speaker 2: we're going to talk about today, so at least they
Speaker 2: will be with us through the elements that they have chosen.
Speaker 3: Yes, exactly, We're just we're at we're at their mercy
Speaker 3: here today.
Speaker 2: Yes, now, Ryan, I know that you have an update
Speaker 2: on one of our favorite guests, Drop site writer Abu Baker.
Speaker 3: Yes, if the people might have noticed this on social media.
Speaker 3: They have, and they should go go check out Abu
Speaker 3: Baker's feed, you know, after a long and agonizing decision
Speaker 3: and also then process, you know, he has left Gaza. Uh,
Speaker 3: he'll he'll have more to say about, you know, where
Speaker 3: he's going, what he's what he's doing next. I could
Speaker 3: say that Jeremy is with him now. Uh. This the
Speaker 3: story of of you know, get of getting out is
Speaker 3: one that is you know, harrowing, and that I think he'll,
Speaker 3: you know, he'll he'll want to tell it himself, So
Speaker 3: I don't want to take anything away from that. Uh.
Speaker 3: People should also remember this is his first time ever
Speaker 3: leaving Gaza, so, you know, setting aside the unbearable, unthinkable
Speaker 3: experience that he's had over the past eighteen months, to
Speaker 3: leave Gaza for the first time in your life, in
Speaker 3: your twenties and to see the world with those eyes
Speaker 3: for the first time must be just an unimaginable perspective
Speaker 3: and it will be I think a fascinating one because
Speaker 3: he'll he'll be seeing the world, you know, through through
Speaker 3: that perspective, and which would I think will help us,
Speaker 3: you know, see that world in kind of a new way.
Speaker 3: If it was an agonizing decision that no human beings
Speaker 3: should be forced to make to either, you know, stay
Speaker 3: with your family, stay with your people, stay committed to
Speaker 3: what you're doing and quite plausibly die of malnutrition, or
Speaker 3: leave your family, leave your people, and and pursue the
Speaker 3: fight from elsewhere. Like it's it's a choice that I
Speaker 3: can't even imagine what it must be like to have
Speaker 3: had to wrestle with that. I'm thankful that he's that
Speaker 3: he's safe right now.
Speaker 2: Yeah, we're excited, I think to be able to hear
Speaker 2: more from him about how harrowing exactly that journey was.
Speaker 2: Brian looks like my camera just DROs again. There it is, okay,
Speaker 2: So we have a lot to get through because the
Speaker 2: case of Kilmar Abreo Garcia continued to be there were
Speaker 2: developments throughout the day yesterday in the case of Kilmar
Speaker 2: Aberdo Garcia, but also ran. There's a drop site, a
Speaker 2: drop site scoop that we're actually going to start with
Speaker 2: about deportations and people having trouble with their ability to
Speaker 2: remain in the United States. We'll get in all of that.
Speaker 2: We're going to talk about some market updates. Elizabeth Warren
Speaker 2: actually did battle on CNBC yesterday, So we have some
Speaker 2: cool clips from that and more from Bernie and Aosi's
Speaker 2: war on the Democratic Party or the Democratic Parties war
Speaker 2: on Bernie and aoc H. And we'll be joined by
Speaker 2: the author of the squad for that block. That's of course,
Speaker 2: Ryan Grim. All right, Yeah, I can put this drop
Speaker 2: side element up on the screen. This is a scoop
Speaker 2: that you guys got yesterday.
Speaker 3: I would I would call this a I would call
Speaker 3: this a Huffington Post level scoop in the sense that
Speaker 3: it wasn't ours. A terrific reporter Jackieano's for The Florida
Speaker 3: Phoenix has been has been tracking this story. But what
Speaker 3: we used to do it so effectively at the Huffington Post,
Speaker 3: in which we still do at which we still do
Speaker 3: with our social media feed, is we'll we'll try to
Speaker 3: elevate things that that the rest of the national media
Speaker 3: is missing and the Beadia had missed this. The story
Speaker 3: is why and it had I guess it has a
Speaker 3: good ending at this point. He was one Carlos Lopez Gomez,
Speaker 3: who was at the center of it, was eventually freed
Speaker 3: late late yesterday, But effectively, what happened. Florida passed a
Speaker 3: law that says that if you bring an unauthorized alien
Speaker 3: into the state of Florida, you know, that is a
Speaker 3: state crime, on top of it being a federal crime
Speaker 3: in a matter for ice. And so this guy, Lopez
Speaker 3: Gomez was driving from Georgia, or he was in a
Speaker 3: passenger seat coming from Georgia to Florida. They got pulled
Speaker 3: over and he didn't speak English, and so they arrest
Speaker 3: him and hold him. It turns out he was born
Speaker 3: in Georgia. When he was one, he moved to southern
Speaker 3: Mexico and basically grew up there, and he grew up
Speaker 3: speaking a Mayan language. You should tell I think it's
Speaker 3: called People can correct me on that. It's a very
Speaker 3: common language in Guatemala and southern Mexico. And obviously it
Speaker 3: has been spoken on this continent for I guess probably
Speaker 3: thousands of years at this point, which is, let's underscore
Speaker 3: the irony here of you know you're here speak English.
Speaker 3: It's like, well, England is a is an island that's
Speaker 3: many thousands of miles away from here. This is a
Speaker 3: language that's been spoken here for thousands of years. Setting
Speaker 3: that aside, the cops are like confused by this situation.
Speaker 3: At best, they arrest him. He gets his he gets
Speaker 3: his day in court, and his mother shows up with
Speaker 3: his birth certificate and his Social Security card, which, Okay, Florida,
Speaker 3: Florida cops made a mistake. Let let the guy go.
Speaker 3: The Florida prosecutor insists on holding him and says that
Speaker 3: there is also a an ICE order that he be
Speaker 3: held because now you know, Florida is cooperating with ICE
Speaker 3: on all of these matters. And the judge in the case,
Speaker 3: you know, she holds up the birth certificate, she's holds
Speaker 3: it in the lights. I see the watermark. This is
Speaker 3: an authentic birth certificate. There's an authentic Sold Security card.
Speaker 3: This is an American citizen. But I'm a state judge.
Speaker 3: The prosecutor and ier insisting that this man continued to
Speaker 3: be held and so I have no authority to release him.
Speaker 3: It was only then after there was a huge outcry
Speaker 3: and this incident kind of took on viral velocity that
Speaker 3: that they that they announced that they were going to
Speaker 3: be releasing him. Now, what if they had decided in
Speaker 3: that time to ship him to El Salvador, m Like,
Speaker 3: you know, and then they could say, well, we made
Speaker 3: a mistake. It turns out that he is a citizen.
Speaker 3: This was an authentic birth certificate. That's our bad. We
Speaker 3: made a mistake. We acknowledged that we made a mistake.
Speaker 3: But who are we to tell Boo Kelly you know,
Speaker 3: what to do with people that are in his custody.
Speaker 3: There is no gap in the legal life that applies
Speaker 3: to a Brigo Garcia that they're applying to a Brigo
Speaker 3: Garcia that would have that wouldn't apply to this, uh,
Speaker 3: this American citizen here. So hopefully this is the end
Speaker 3: of the the end of it for Lopez Gomez. But
Speaker 3: you know, it's only April, and they're already, you know,
Speaker 3: detain you know, they already had detained an American citizen,
Speaker 3: and it'd be one thing was a mistake, and okay,
Speaker 3: sorry about this once they saw his birth certificate and
Speaker 3: sold security card from his mother, and and they still
Speaker 3: insist it's one thing is that judge is powerless. The
Speaker 3: prosecutor was not powerless. Ice was not powerless. They insisted
Speaker 3: on pushing through the evidence in front of their face
Speaker 3: that he was an American citizen, and insisted on continuing
Speaker 3: to detain him. The I guess the only upside is
Speaker 3: that public pressure still means something like that. That's that's
Speaker 3: a hopeful sign. But I don't know what what did
Speaker 3: you see this circulating on the right or did this
Speaker 3: happen too quickly to No, I didn't.
Speaker 2: See its circulating all. No, I didn't see its circulating
Speaker 2: on the right at all. But before we get into actually,
Speaker 2: I think this is a good segue into the clip
Speaker 2: of Tim Burchett that we wanted to play, because before
Speaker 2: we get into Abrigo Garcia and the dangers when you
Speaker 2: start at treating American citizens, uh, in this way, I
Speaker 2: want to roll this interview from Tim Burchett is a
Speaker 2: Republican congressman. Probably have seen him on CNN and he
Speaker 2: does that all the time, But this time he's on
Speaker 2: News Nation, uh, talking about whether or not American citizens,
Speaker 2: as the President has floated, should go to places like
Speaker 2: Seacott in Al Salvador. So let me pull this up
Speaker 2: right now.
Speaker 1: And some are wondering, though, if it's a slippery slip,
Speaker 1: what's your reaction to President Trump suggesting that homegrown criminals
Speaker 1: could be sent to El Salvador next American citizens?
Speaker 4: They're criminals. They broke our laws. They need to suffer
Speaker 4: our punishment. But I don't want Donald Trump teaching my
Speaker 4: daughter's Sunday school class. But Dad got my like him
Speaker 4: in the White House because he understands the rule of law.
Speaker 4: I feel like in America is sick of this stuff.
Speaker 2: Okay, So, Ryan, I Burchett basically said they're criminals, they
Speaker 2: should follow our laws. And I mean, did he listen
Speaker 2: to the question, Like I don't. That's what I was
Speaker 2: just going to say.
Speaker 3: But either way, it's you know, if you think questions
Speaker 3: that should Americans be sent to a dungeon in a
Speaker 3: foreign country, you would listen to the question.
Speaker 2: Well, yeah, but he I, Yeah, exactly. He did the
Speaker 2: sort of thing that Republican congressmen often do when asked
Speaker 2: about Donald Trump, which is just sort of deflect and
Speaker 2: move on to your sort of general talking point. I
Speaker 2: don't want him teaching my daughter's Sunday school class, but
Speaker 2: you know, he's right for the American people, And I
Speaker 2: just it's so the reason I wanted to talk about
Speaker 2: this clip in that context. To your point, Ryan, an
Speaker 2: American citizen gets sent to El Salvador and lawyers can't
Speaker 2: get in touch, and it's up to the Calae to
Speaker 2: bring people unless we want to do like a military
Speaker 2: invasion of El Salvador. I mean, it's just the things
Speaker 2: that they're playing with here are so they're just so disturbing.
Speaker 2: And one of the other reasons I want to talk
Speaker 2: about this is the the some people on the rights
Speaker 2: bul fetish is so weird, and I think.
Speaker 3: That Palestinian.
Speaker 2: This is Trump's favorite insult. Yeah, but it's not. I mean,
Speaker 2: it's not inexplicable, and it's not everyone, but it is
Speaker 2: so weird. Like, we can take care we have our
Speaker 2: own law enforcement. Do we not believe that we're, you know,
Speaker 2: on the right. Do we not believe that we're the
Speaker 2: greatest country in the world. Do we need to be
Speaker 2: outsourcing our law enforcement to El Salvador? Give me a break.
Speaker 3: Yeah. To me, it reflects a real contempt, within a
Speaker 3: signal constrain of the right for the American values, in
Speaker 3: American capacity to handle our own problems. I think I
Speaker 3: think you're right, like and you even see it reflected
Speaker 3: slightly in jd Vance's fighting with z and everybody else
Speaker 3: on Twitter over the last few days, where he keeps
Speaker 3: throwing his hands up and saying what do you want
Speaker 3: us to do? You know, Biden let in millions of
Speaker 3: people illegally, what what do you want us to do?
Speaker 3: It's like, well, if you don't like the laws that
Speaker 3: are on the books, then take the campaign pledges that
Speaker 3: you made while you ran for office, take them to
Speaker 3: Congress and write new laws like you already the Democrats
Speaker 3: already show like and then you hear push, oh the
Speaker 3: Democrats won't vote for it. Well, then you get rid
Speaker 3: of the filibuster. If you want, you have, you have
Speaker 3: the votes. Also, Democrats have shown they're they're willing to
Speaker 3: be utterly spineless and give you whatever you want. On
Speaker 3: the question of immigration, you know the Lake and Riley
Speaker 3: Act I don't allows h immigration authority is to go
Speaker 3: back and deport anybody who has been charged with a crime. Charged, accused,
Speaker 3: that's it, just charged there there. You don't even have
Speaker 3: need to have due process. That's just process. All you
Speaker 3: have to do is write up a charge and Democrats
Speaker 3: rubber stamp that for you. So you're telling me what
Speaker 3: the this weak little opposition party that Republicans can't find
Speaker 3: a way to use America's system of government to create
Speaker 3: the kind of process that they believe is a just
Speaker 3: way to respond to what they see as the injustice
Speaker 3: of Bind's immigration policy. Like if you don't, if you
Speaker 3: don't even think that you have the capacity to do
Speaker 3: that as a governing majority, and you have to outsource
Speaker 3: it to this tinpot dictator in El Salvador, don't you
Speaker 3: have some sense of shame? Like don't you have any
Speaker 3: self respet act? Like I find it.
Speaker 2: A little bit emasculating, to be honest, these Republican congressman
Speaker 2: to go to the prison and pose with like bou
Speaker 2: Kelly's prisoners.
Speaker 3: It's just awful, it isn't it's it's really embarrassing. Yeah,
Speaker 3: don't you do you have no dignity that this is
Speaker 3: like this is your king? Yeah, it's really looks he
Speaker 3: looks good in sunglasses, Like, but is that your bar He.
Speaker 2: Looks like he's like a theater kid when he's putting
Speaker 2: his sunglasses on.
Speaker 3: I was trying to be generous to him, but you're.
Speaker 2: But in all seriousness, let's get into some of this
Speaker 2: book Cala abrego Garcia stuff. Because also it's just like
Speaker 2: the Trump administration is pejoratively referring to Zelenski as a dictator.
Speaker 2: I actually I think there's some meat on those bones.
Speaker 2: You can make that argument pretty well. But Kelly walks
Speaker 2: around calling himself a dictator, right, it's a cool dictator.
Speaker 3: Don't they call itself a cool dictator?
Speaker 2: Well, it's coolest dictator. Yeah.
Speaker 3: Nobody, by the way, who's cool has ever called themselves cool.
Speaker 3: Just let's let's be clear about that before we go
Speaker 3: to abrio Garcia. Let's just put it real quickly. This uh,
Speaker 3: this like lunatic thing that's going on in uh, not
Speaker 3: just Pennsylvania, but you've got all these American citizens who
Speaker 3: are reporting and and you've got their immigration attorneys vouching
Speaker 3: for the fact that these are all authentic. Get they're
Speaker 3: just like ICE is now spamming people telling them to
Speaker 3: get out of the country, including a bunch of American citizens.
Speaker 3: This one here, Lisa Anderson, born in Pennsylvania, you know,
Speaker 3: said that she's never had any interaction with immigration ever,
Speaker 3: and she got an email telling her like this doctor
Speaker 3: like telling her get out of the country. It would
Speaker 3: be it would be ironic if ICE is profiling doctors,
Speaker 3: like assuming that if you're a doctor, you weren't born
Speaker 3: here in this country, like what what would that say
Speaker 3: about ICE's confidence American born people here like, oh, oh
Speaker 3: you're a doctor, you're probably an immigrant. I think if
Speaker 3: that's the situation where ICE has found itself, I think
Speaker 3: we have a a lot bigger problems than the number
Speaker 3: of people that Biden led into the country.
Speaker 2: So Chris van Holland, Maryland Democrat senator obviously had a
Speaker 2: hell of a day yesterday. Let's get into some of that.
Speaker 2: So first he had been denied access into Seacott. So
Speaker 2: that's the maximum security massive prison that according to a
Speaker 2: Wall Street Journal report, I think that just came out yesterday,
Speaker 2: Bukellay is planning to expand basically double in size. The
Speaker 2: sourcing was basically Christy Nome to the Wall Street Journal
Speaker 2: story saying that bu Kelly is planning and really because
Speaker 2: already one in fifty seven Salvadorian citizens is locked up.
Speaker 2: It sounds like, and this is the dots that the
Speaker 2: Wall Street Journal connected, that's going to be deportations, deportees
Speaker 2: from the United States. That's sort of the plan.
Speaker 3: So growth industry.
Speaker 2: Yeah, so if we are working with El Salvador to
Speaker 2: do that, so many more questions to be asked. We'll
Speaker 2: see how that develops. But Chris van Holland tried to
Speaker 2: get in yesterday because that's where Abrallo Garcia is being held,
Speaker 2: and that did not go well for him. So then
Speaker 2: we got we received actually this picture. Let me share
Speaker 2: this one Kilmar Abrago Garcia. This is a tweet from
Speaker 2: Boucel miraculously risen from the quote death camps end quote
Speaker 2: torture now sipping Margarita's with Senator Van Holland in the
Speaker 2: tropical paradise of Al Salvador. Ryan reaction to this.
Speaker 3: I mean, on the one hand, I think this is
Speaker 3: like Chris van and we live in a cynical age.
Speaker 3: But I think Chris van Holland deserves, you know, some
Speaker 3: serious credit, whether you agree with them or disagree with them.
Speaker 3: Like he he saw what he believed to be an
Speaker 3: injustice that was being carried out against his constituent. And
Speaker 3: if you don't think that a resident counts as a constituent,
Speaker 3: you can count his wife, who is this constituent. And
Speaker 3: he went down to El Salvador to try to write
Speaker 3: that injustice. Van Holland has an interesting backstory, like the
Speaker 3: kind of what you would call deep state connected. Both
Speaker 3: his mother and father worked in either the State Department
Speaker 3: or the CIA. Van Holland himself was actually born in
Speaker 3: Pakistan while while his uh while his while his parents
Speaker 3: were like stationed over there. He was a Senate Foreign
Speaker 3: Relations staffer before becoming a senator, and he and Peter
Speaker 3: Galbraith kind of famously snuck into northern Iraq after Saddam
Speaker 3: Hussein's nineteen ninety one kind of attack on the Curve.
Speaker 3: If people know the history of this, it was this
Speaker 3: kind of almost genocidal attack on an uprising in northern
Speaker 3: Iraq where he used where he used weapons of mass
Speaker 3: destruction against them, and Van Hollen snuck into northern Iraq
Speaker 3: through Syria, through Turkey, I mean, and secreted it out
Speaker 3: an enormous trunch of evidence to like validate the claims
Speaker 3: that were being made that Saddam Hussein had done this
Speaker 3: and had used these chemical weapons against the Kurds who
Speaker 3: people kept calling his own people. He gassed his own people.
Speaker 3: Courage did not like it if you would call call
Speaker 3: him Saddam Hussein's people. So this is a guy who
Speaker 3: has worked within the system, and he's part of the system,
Speaker 3: but he's always been willing to take risks as well.
Speaker 3: And so I think the fact that the fact that
Speaker 3: he pressured Bukelli not just to meet him, but to
Speaker 3: get him out of the prison certainly undermines Bukelli's Trump's
Speaker 3: claim that you can't do that. What bo County and
Speaker 3: Trump were leaning on was too bad. This is a
Speaker 3: this is a prison for terrorists, and you know, you
Speaker 3: go in and you come out in a box like
Speaker 3: that's it, there's no way out, and you know you
Speaker 3: still have JD Vance online saying, look, the guy deserves
Speaker 3: to be deported, continuing to allie the issue, which is
Speaker 3: should he be held for life in a in a
Speaker 3: prison notorious for its like unspeakable conditions, which is a
Speaker 3: different question than should somebody be deported from one country
Speaker 3: to another? What did you? What did you make of?
Speaker 3: It feels like the right is almost kind of enjoying this,
Speaker 3: like that they think they're winning this.
Speaker 5: Well.
Speaker 2: I mean, so, Chris van Holland, I think there's I
Speaker 2: think what he did was legitimately personally brave, like physically brave,
Speaker 2: but I think he is not walking the fine line
Speaker 2: between treating a Brigo Garcia as a victim and a martyr.
Speaker 2: And I think a Brego Garcia is a victim of
Speaker 2: a bad poula see by the Trump administration. I think
Speaker 2: the right is significantly downplaying how grave of a quote
Speaker 2: unquote mistake it was to just say, whoops, sorry, he had.
Speaker 3: This withholding literally like whoopsie, oh he said.
Speaker 2: That about the Venezuelan plane that was about he may
Speaker 2: have been a break up. Garcia actually may have been
Speaker 2: on the plane.
Speaker 3: Probably on that plane yet because it was part of
Speaker 3: that deportation.
Speaker 2: Yeah, yeah, he may have been on that plane. And yeah.
Speaker 2: The so anyway, all that is to say that is
Speaker 2: I mean, it is not just a minor error. That
Speaker 2: is a significant error. He had the withholding order. He
Speaker 2: was you know, in a legal process with our country
Speaker 2: and was just sent somewhere. Court said that he could
Speaker 2: not be sent to The Trump administration did nothing to
Speaker 2: rectify it and basically laughed the entire way. That was
Speaker 2: a huge mistake. I think Van Hollens is creeping into
Speaker 2: significantly creating creeping into martyr territory. I think politically, I'll
Speaker 2: get to the substance in a second. I think politically
Speaker 2: it looked pretty I think the White House got them
Speaker 2: when they brought the mother of the woman who was
Speaker 2: the girl who was killed in Maryland to the White
Speaker 2: House press briefing. I think that was really a brutal
Speaker 2: look for Chris ben Holland. Yeah, I think you disagree.
Speaker 3: Yeah, right. And so the hit was that there was
Speaker 3: a murder victim in Maryland and Van Holland had not,
Speaker 3: like called the mother. I had bad news about Maryland,
Speaker 3: that a lot of people get murdered in Maryland, and yeah,
Speaker 3: good if every senator called every every parent of every
Speaker 3: murder victim. The strong implication from the White House there
Speaker 3: was that kill mar Albrigo Garcia had killed.
Speaker 2: This No, no, no, no, I think.
Speaker 3: What's it like, what exactly is the the.
Speaker 2: Mom point the mom was saying, you are exerting all
Speaker 2: of this effort to bring home this man who was
Speaker 2: in the country, who crossed through the country illegally and
Speaker 2: was deportable, not deportable to El Salvador, but was deportable,
Speaker 2: and you didn't devote enough attention to the problem that
Speaker 2: led to my daughter's death. That was the contention. I
Speaker 2: think that is. I think that hits home with a
Speaker 2: lot of people. That's just the politics of it, the
Speaker 2: substance of it. Yeah, I think Van Holland is treating
Speaker 2: him more as a martyr than a victim, and I
Speaker 2: think he is a victim. But because your victim doesn't
Speaker 2: mean you have to be sort of treated as someone
Speaker 2: who's like a martyr in and of itself. Now, that said,
Speaker 2: the Trump administration's position on this is absolutely insane and
Speaker 2: was also not good for the Trump administration. So it's
Speaker 2: not like the everyone's a It's not like there are
Speaker 2: any I don't think there are any real winners here
Speaker 2: at the end of the day.
Speaker 3: And I think it is it is. It is always
Speaker 3: difficult in politics to stand up for a principle if
Speaker 3: if your case is not you know, absolutely perfect.
Speaker 2: Yeah, we have Jesse Waters talking about this. Did you
Speaker 2: see this clip, Brian.
Speaker 3: No, let's I did see this. You want to roll
Speaker 3: this and then we can talk about it.
Speaker 2: Yeah, because you were just getting into this argument that
Speaker 2: he starts making. Here, here we go, Jesse. You have
Speaker 2: to have a victim that is pure.
Speaker 6: You can't have a Floyd, you can't have a Smolette,
Speaker 6: you can't have a Garcia.
Speaker 2: Your example, a victimhood.
Speaker 6: Has to be a sympathetic victim, not someone who beats
Speaker 6: his wife.
Speaker 2: And traffics humans. And so his wife did get successfully
Speaker 2: get a temporary abrego. Garcia's wife did successfully get a
Speaker 2: temporary restraining order with really awful allegations of violence towards her.
Speaker 2: But right to the point that you were making, when
Speaker 2: our courts are violated, it's unsympathetic victims that you sort
Speaker 2: of bring out the principles among lawmakers, elected officials and
Speaker 2: the political class.
Speaker 3: Right right and for for Jess by the way, on
Speaker 3: the on the on the domestic violence. So his wife
Speaker 3: has since come out and said that she had previously
Speaker 3: been in a in a in a violent relationship and
Speaker 3: that she got into a fight with Kilmar that did
Speaker 3: not turn violent at all, and in order to and
Speaker 3: because of the trauma that she'd been through before, she
Speaker 3: kind of made up some of that stuff so that
Speaker 3: she could get have a restraining order like ready to
Speaker 3: go in case she needed it. Like that's what she's
Speaker 3: that's what she says. Now. Uh. The irony of Jesse
Speaker 3: Waters now being a believe all women like me too supporter,
Speaker 3: like he has finally found he has finally found allegations
Speaker 3: against a man that he is like immediately willing to
Speaker 3: accept shut just Wow, how what what a coincidence that
Speaker 3: he's become this like me too, champion. But yeah, you're right,
Speaker 3: like when you're standing up for a principal, you have
Speaker 3: to stand up for it, like no, no, no matter what,
Speaker 3: and even even if even if the person isn't perfect.
Speaker 3: But on the other hand, it doesn't you know, doesn't
Speaker 3: does seem like he's like that bad a guy according
Speaker 3: to his wife, like she kind of she she shouldn't
Speaker 3: have she should not have done that, like you should
Speaker 3: not make up allegations. Now maybe now she's saying that now.
Speaker 3: Either way, none of it means that the Trump administration
Speaker 3: should be allowed to ignore a court order and send
Speaker 3: somebody illegally to a terror dungeon, a torture dungeon. And
Speaker 3: that's what that's what somehow keeps getting missed in this conversation,
Speaker 3: like hell, okay, look, jd Vance, nobody would there would
Speaker 3: be some people complaining. But if you just depour him
Speaker 3: to El Salvador and you violated the court order about
Speaker 3: yeah that he can't go to L Salvador, but he
Speaker 3: were living with his parents in l Salvador, and you
Speaker 3: know he was at some risk because of the gang.
Speaker 3: But then on the other hand, you know, bu Kelly
Speaker 3: has probably crushed a lot of the gang that was
Speaker 3: intimidating him in the past. If that was the situation,
Speaker 3: it wouldn't be an international story. It would be it
Speaker 3: would be the Trump administration ignoring a court order, which
Speaker 3: would be bad and which should be pushed back on,
Speaker 3: and the courts should take that up as well. But
Speaker 3: it would not be captivating the imaginations of the world
Speaker 3: if he weren't in a dungeon, the likes of which
Speaker 3: are just like impossible to contemplate sleeping you know, fluorescent
Speaker 3: lights twenty four hours a day on a metal you
Speaker 3: sleep on a metal sheet with no mattress, you just
Speaker 3: fed beans and rice to eat by hand. Uh, presumably
Speaker 3: there's just you know, violence at all hours, because you know,
Speaker 3: it's a decent number of violent people in there already
Speaker 3: and now they're all absolutely losing their minds in this situation,
Speaker 3: just absolutely horrifying, and in a place that nobody's expected
Speaker 3: to leave alive. If that's where he was sent and
Speaker 3: that keeps getting lost.
Speaker 2: Well, and you know, again, if the Trump administration had
Speaker 2: deported him with like actual in compliance with that withholding order,
Speaker 2: or they had gotten the holding order removed, and Bukell
Speaker 2: accepted his own citizen and did what he wanted to
Speaker 2: do to his own citizen. It's totally different than us
Speaker 2: making a mistake and then allowing him to fester in
Speaker 2: the prison because they're like, oh, he can't get right.
Speaker 3: But at the same time, like the Bush administration used
Speaker 3: to rendition, you know, before it started torturing people on
Speaker 3: its own, it would take people and send them to Egypt,
Speaker 3: and oftentimes there's evidence that CIA officials would go along
Speaker 3: with them and would be part of these or observing
Speaker 3: these interrogations. So they would take people and they'd send
Speaker 3: them to torture chambers in Egypt or Syria actually where
Speaker 3: they would be then tortured on behalf of the United States.
Speaker 3: Those are called extraordinary renditions. Was the term that Chaining
Speaker 3: came up with for them. It was it was decided that, no,
Speaker 3: you can't do that, Like that's insane, Like if if
Speaker 3: you're doing that, that that's not a get out of
Speaker 3: the constitution free card, like we still are against cruel
Speaker 3: in humane punishment. Like we're like, that's that's that's unconstitutional,
Speaker 3: and there's no work around that says, oh, well, we're
Speaker 3: going to outsource it. So if we knew so, if
Speaker 3: we were going to send him to El Salvador knew
Speaker 3: that bu Kelly was going to torture him as a result,
Speaker 3: then we could not do that. What we could do
Speaker 3: is you could deport him to Mexico.
Speaker 2: Yeah, oh yeah, they absolutely could have done that.
Speaker 3: All you have to do is call Mexico and ask.
Speaker 3: But the problem now Jadie Vass's point is that's annoying.
Speaker 3: I don't want to have to do that.
Speaker 2: No, I mean he has a So that then results
Speaker 2: in US and if you're Mexico, you're not the American
Speaker 2: court system. You don't know whether people who are being
Speaker 2: deported actually are gang members or aren't gang members. And
Speaker 2: so then you have the United States saying, hey, we'd
Speaker 2: like to dump some of these suspected gang members into
Speaker 2: Mexico because they were in our country illegally, they were deportable,
Speaker 2: they didn't have citizenship, and we are now trying to
Speaker 2: do quote unquote mass deportations because the Biden administration let
Speaker 2: a net, according to New York Times, eight million people
Speaker 2: into the country over the course of three four years.
Speaker 2: If you say to Mexico, we have to you know,
Speaker 2: maybe just you know, five hundred thousand over the course
Speaker 2: of the next four years. We don't know for sure.
Speaker 2: That is genuinely a really difficult thing to do. And
Speaker 2: this is where the Trump administration is going to hit
Speaker 2: an absolute brick wall. And I think they've already realized
Speaker 2: that they've hit the brick wall, because now I say
Speaker 2: this as somebody who thinks that there is a significant
Speaker 2: problem here. And I don't know what mass deportation means
Speaker 2: because it doesn't have a number, but there are a
Speaker 2: lot of people in this country who I don't think
Speaker 2: some of them are decent and hard working and don't
Speaker 2: deserve to live in the shadows without an answer on
Speaker 2: their citizenship for years and years. I don't think that's
Speaker 2: good for anybody. And so now they're in this situation
Speaker 2: where it's like, well, you have all of these people
Speaker 2: from Venezuela, Marco Rubio, we like, like Venezuelan's fleeing communism.
Speaker 2: That's like your whole thing, Cubans, What are you going
Speaker 2: to do with people who are like in these situations.
Speaker 2: You can't send them to Venezuela, you can't send them
Speaker 2: back to Cuba. So what are you going to do?
Speaker 3: And I think you're breaking up for a second. But
Speaker 3: you know, I interviewed the Venezuelan Foreign minister a little
Speaker 3: a while ago and under the Biden administration, and he
Speaker 3: had said, he basically suggested that look, if we if
Speaker 3: we can normalize relationship, normanize relations with the United States again,
Speaker 3: you lift these sanctions, you know, get back to a
Speaker 3: normal way of doing business, we can take we can
Speaker 3: take a ton of these Venezuelans back into Venezuela. The
Speaker 3: same would be true of Cuba, the same would be
Speaker 3: true of Haiti. Like we've destroyed these countries, created this
Speaker 3: mass exodus, and now we're like, oh gee, there's nothing
Speaker 3: we can do with these people.
Speaker 2: The Venezuela point isn't a bad argument for Trump's perspective,
Speaker 2: because you know, he loves being the historic deal breaker
Speaker 2: or the deal maker, not breaker deal maker, and this
Speaker 2: idea of like a generational thaw in the relationship with
Speaker 2: Venezuela in order to accept I mean tons of Venezuelan
Speaker 2: migrants that he surely wants to sweep up and quote
Speaker 2: mass deportations. I don't know, He's not boxed in like
Speaker 2: a president Marco Rubio would be. But he certainly has
Speaker 2: Marco Rubio as the Secretary of Date and people who
Speaker 2: see the issue like Rubio does surrounding him. And that's
Speaker 2: the very traditional Cold War conservative perspective on total that
Speaker 2: Ronald Reagan actually violated, to criticism for a lot of
Speaker 2: people of total non cooperation and like non contact basically
Speaker 2: with these types of countries. And so if Trump breaks
Speaker 2: that in order to get his his migrants supported, that'll
Speaker 2: be interesting.
Speaker 3: I don't see it happening, But I would love to
Speaker 3: be wrong if my favorite thing is to be wrong
Speaker 3: in a good direction. So let's let's see a last
Speaker 3: thing I.
Speaker 2: Was gonna say. I've told people in who I know
Speaker 2: who work on some of these issues that it might
Speaker 2: not be an idea, a bad idea to talk to
Speaker 2: Trump about Cuba.
Speaker 3: Yeah, I mean come on, yeah, Or I mean they're
Speaker 3: just trying to create a failed state. That's the current
Speaker 3: the current policies. Let's create a failed state and see
Speaker 3: what happens.
Speaker 2: He wants to do ai era in Gaza. Let me
Speaker 2: tell you Donald Trump what you could do with Havana.
Speaker 3: Yes, he can get his mob buddies over there. We
Speaker 3: can get the band back together. Last thing before we
Speaker 3: move on this, there's a new poll out that shows
Speaker 3: that the American people, like by a very very wide margin,
Speaker 3: are just not supportive of this idea that we should
Speaker 3: be deporting students on behalf of Israel, on behalf of
Speaker 3: like you know, for the before simply expressing support for
Speaker 3: Palestine by a wide margin, fifty four to twenty three
Speaker 3: percent opposed deporting Greeden card holders, fifty two to twenty
Speaker 3: six opposed deporting student visa holders. That's as a two
Speaker 3: to one margin with you know, you've got a quota
Speaker 3: of the people in the middle saying we're not sure.
Speaker 3: So it's you know, there aren't a lot of issues
Speaker 3: in the US that are two to one, but this is.
Speaker 3: But this is one him and we do.
Speaker 2: Have one thing lastly as well, which is just that
Speaker 2: Donald Trump was asked about compliance with the courts yesterday
Speaker 2: and his pressor with Georgia Maloney. So let's go ahead
Speaker 2: and take a listen.
Speaker 7: Will you take steps to return Kilmarregio Garcia the United States.
Speaker 5: And prettim in front of a judge. Well, I'm not
Speaker 5: involved in it. I'm going to respond by saying he'll
Speaker 5: have to speak to the lawyers the DOJ. I've heard
Speaker 5: many things about him, and we'll have to find out
Speaker 5: what the truth is.
Speaker 2: So Ryan, the reason I thought that was useful, just
Speaker 2: as we're closing out the segment is I was scrolling
Speaker 2: through Bukelly's Twitter just now and he's retweeting things saying
Speaker 2: that he confirmed that Abregio Garcia is staying in El Salvador.
Speaker 2: People may have seen the Bukelly tweet saying he now
Speaker 2: has the privilege of staying in Al Salvador. And on
Speaker 2: top of that, Bukelly was tweeting things about how he's
Speaker 2: been trolling Democrats, and so it's like, you just like
Speaker 2: Trump is now like excusing himself from the conversation, and
Speaker 2: just you know what is the Taylor Swift line, I'd
Speaker 2: very much like to be excluded from this this narrative
Speaker 2: or this conversation. That's what he's he's doing. A couple
Speaker 2: of days ago, he was sitting in the exact same spot,
Speaker 2: very much wanting to be included in the conversation.
Speaker 3: Yeah, Trump famously respects the independence of the Department of Justice,
Speaker 3: and so he's not gonna get involved in the those affairs.
Speaker 2: Well, let's go to another significant quote from that press conference.
Speaker 2: As we move over to the markets. This is Donald Trump.
Speaker 2: A lot of news yesterday on the Fed front, so
Speaker 2: much to break down. Let's start with Trump being asked
Speaker 2: about Jerome Powell. He had a lot to say about
Speaker 2: Jerome Powell in this press conference yesterday where he was
Speaker 2: sitting beside Italian Prime Minister Georgia Maloney. So here's Trump on.
Speaker 6: Not fast enough.
Speaker 2: He says he didn't ask him to.
Speaker 8: Oh he'll live. If I to, he'll be out of there.
Speaker 8: But don't I don't think he's I don't think he
Speaker 8: I don't think he's doing the job. He's too late,
Speaker 8: always too late, a little slow, and I'm not.
Speaker 5: Happy with him.
Speaker 2: I let him know it.
Speaker 8: And oh, if I want him out, he'll be out
Speaker 8: of their real fast believe me.
Speaker 2: You a question, yeah, question, all right, Ryan reaction.
Speaker 3: Yeah. So the markets are, you know, sending a signal
Speaker 3: that if if Trump, you know, forcibly removes the the
Speaker 3: Chairman of the FED, that they would they would they
Speaker 3: would lose that much more confidence in the American economy.
Speaker 3: Like the U the U. S economy is the envy
Speaker 3: of the world, and it is the kind of place
Speaker 3: where people, you know, try to find safety and sanctuary
Speaker 3: because it is understood to be stable and to follow
Speaker 3: the rule of law, because it is very it is
Speaker 3: hard around the world to find. Like the Chinese Stock Exchange,
Speaker 3: for instance, would be doing a lot better relative to
Speaker 3: Chinese economic capacity if there was more faith from international
Speaker 3: investors that the investments were safe and that rule of
Speaker 3: law was followed. So if you know, he's already you know,
Speaker 3: taken a huge hammer to the idea of the stability
Speaker 3: of the American economy, if he goes and you know,
Speaker 3: throws out the FED chair in order to kind of
Speaker 3: prop up his terriff policy, what that would do is
Speaker 3: it would be another signal to Wall Street, which is
Speaker 3: currently kind of somewhere in the stage of denial or
Speaker 3: anger about the tariff policy. Like wall Street is still
Speaker 3: desperately hoping that this guy can't be serious. He's like
Speaker 3: in ninety days, he's please tell us he's not coming
Speaker 3: back and trying this again. And if he pushes out
Speaker 3: the FED chair, that would be a signal that, oh no, no,
Speaker 3: this guy is deadly serious and he thinks that if
Speaker 3: he can just get control of the monetary flow, he
Speaker 3: can If he can mess with that spigot, then he's
Speaker 3: got then then his tariff policy is going to have
Speaker 3: some real staying power.
Speaker 2: Right And you're echoing Treasury Secretary Scott Bessett. This is
Speaker 2: what's on the screen right here. This was a Politico story.
Speaker 2: Besstont has been privately underscoring that acting Powell would feed
Speaker 2: instability in the market, sources say, and Trump is also
Speaker 2: aware of the stakes. That means that though Trump is
Speaker 2: mad again at Powell, his job looks safer. Now, sorry
Speaker 2: to interrupt, I just you had Scott Bessntt sitting there
Speaker 2: very stiffly in the press conference as Donald Trump was
Speaker 2: making those comments, and Bessett seems to be having a
Speaker 2: lot of his own perspectives taken very very seriously. That's
Speaker 2: a lot of the reporting that Trump is leaning on
Speaker 2: bess heavily right now, both Besson and Latink. Maybe it's
Speaker 2: like a good and bad angel on the shoulder type dynamic.
Speaker 2: But this is the argument that you were just making,
Speaker 2: is apparently the argument his Treasury secretary is making to him.
Speaker 3: Yeah. Uh, if if I agree with the Trump's Treasury secretary,
Speaker 3: then it should make.
Speaker 2: He's got a great Treasury secretary.
Speaker 3: Yes, so let's you know, he also defended his I
Speaker 3: can pull this up here, also defended his tariff policy
Speaker 3: to maloney, let mean, let's get this answer you plan
Speaker 3: to use forward.
Speaker 8: No tariffs are making us rich.
Speaker 2: We were.
Speaker 8: Losing a lot of money under Biden, trillions of dollars
Speaker 8: trillions on trade, and now that's that whole tide has
Speaker 8: turned making a lot of money.
Speaker 5: We're taking in a lot of money.
Speaker 8: Don't forget. We're taking in twenty five percent on cars,
Speaker 8: twenty five percent on steel, twenty five percent on the
Speaker 8: aluminum ten baseline.
Speaker 3: And so the first estimates came came in well under
Speaker 3: what what Trump was expecting, right, Apparently five hundred million
Speaker 3: dollars has been collected through the tariff policy so far,
Speaker 3: which is, you know, it's just just a complete pittance. Uh,
Speaker 3: it's just kind of like laughable in the face of
Speaker 3: the amount of money that has moved and changed hands.
Speaker 3: And we're talking about trillions of dollars. As he joked,
Speaker 3: you know, Charles Schwab made two point five billion through
Speaker 3: some shady insider trading in one day. So the entire
Speaker 3: American people have just gotten a fifth of that sounds
Speaker 3: like we're sounds like now we're really getting ripped off.
Speaker 2: Well, and in this grand cost benefit analysis, we're starting
Speaker 2: to get some examples of people posting. Actually, this is
Speaker 2: one man who posted an example of what the tariffs
Speaker 2: actually looked like. So he says, I got hit with
Speaker 2: my first This is Aaron Rubin, my first twenty percent
Speaker 2: terrifyed of China ship before that jump to one forty
Speaker 2: five percent. I included the bill from CBP below. It's
Speaker 2: called the cn slash HKEO twenty percent duty. The product
Speaker 2: isn't worth selling with one hundred and forty five percent tariffs.
Speaker 2: So despite selling over one million of this SKU and
Speaker 2: my tiny e comm business and customers being fairly happy,
Speaker 2: I will be discontinuing this product. And there's another example.
Speaker 2: This is Ryan Peterson. Two of our American customers, devastated
Speaker 2: by the tariff, gave up and sold themselves to saw
Speaker 2: themselves to their Chinese factories in the last week, and
Speaker 2: he posted I believe an entire thread of examples. Yeah,
Speaker 2: thousands and the millions of American small businesses, including many
Speaker 2: iconic brands, would go bankrupt this year if the tariff
Speaker 2: policies on China don't change. He says. The manufacturers in
Speaker 2: Vietnam and elsewhere can't be bothered with small batch production
Speaker 2: jobs typical of small businesses. Why it just keeps going
Speaker 2: down the line, basically explaining, he says, when they die,
Speaker 2: it may actually be the final victory for the Chinese manufacturers.
Speaker 2: They scoop up brands that took decades to build through
Speaker 2: the blood, sweat and tears. Are some of the most
Speaker 2: creative and entrepreneurial people in the world. American brand builders
Speaker 2: are second to none worldwide.
Speaker 3: Right. Yeah, the deal that we had stitched out with
Speaker 3: China so far is that we had the IP we
Speaker 3: came up with these ideas. We've got the executives working
Speaker 3: the nice, coashy jobs, and we want to reduce our
Speaker 3: costs and you know, brust our unions, and so we're
Speaker 3: going to ship the production over to China. And what
Speaker 3: Trump is going to do is not going to bring
Speaker 3: the manufacturing back to the United States. What's going to
Speaker 3: happen is that the Chinese company that makes the thing
Speaker 3: was always a threat. Like That's the the similarity throughout
Speaker 3: history is the kind of guards that organize themselves around
Speaker 3: an emperor or a president or a dictator, like those
Speaker 3: guards are always the biggest risk of actually taking power
Speaker 3: because they're like, wait a minute, like why are we
Speaker 3: protecting this princeling? We could actually just we're the ones
Speaker 3: with the weapons. Let's just take power. The parallels in China,
Speaker 3: you had all these manufacturers who are like these executives
Speaker 3: over in Los Angeles are not that smart, Like, okay,
Speaker 3: they came up with the name for this, this this handbag,
Speaker 3: but we're the ones that make it, and we all
Speaker 3: we have to figure out how to do is just
Speaker 3: sell it to people around the world. The deal was
Speaker 3: always that you're not going to do that. We've got
Speaker 3: this arrangement that works for everybody. I mean, it doesn't
Speaker 3: work for the American workers necessarily, but this is.
Speaker 2: The arrangement were the Chinese workers or you.
Speaker 3: Know, gradually, you know, and because of some equitable distribution,
Speaker 3: some more equitable distribution works better for them. You know,
Speaker 3: they had the fastest you know, reduction and poverty in
Speaker 3: world history as a result of some of this. But
Speaker 3: now they're saying, you know what, okay, fine, you are
Speaker 3: you you are putting your own companies out of business.
Speaker 3: So therefore, we're just going to do that last leg
Speaker 3: of it. And while this thing was making let's say
Speaker 3: it was one hundred million dollar revenue, you were getting
Speaker 3: eighty million, we were getting twenty million. We like the
Speaker 3: idea of us getting you know, ninety million, and you
Speaker 3: getting ten as our kind of distribution network at the
Speaker 3: very end of the chain that we will own from
Speaker 3: beginning to end. So yeah, we like this. We'll keep
Speaker 3: all the money, and the result will be a collapse
Speaker 3: in standard of living in the United States.
Speaker 2: Right. I don't know if you saw these charts that
Speaker 2: Derek Thompson put up. These are from I think these
Speaker 2: are from the Philadelphia are This one that's on the
Speaker 2: screen right now is from the New York FED, a
Speaker 2: survey from the New York FED. The one that was
Speaker 2: just on the screen is from Philly FED. But this
Speaker 2: is current in future general activity indexes, and you see
Speaker 2: a decline that is starting on a trajectory that almost
Speaker 2: looks similar. It looks like it's going to a similar
Speaker 2: trajectory to twenty twenty and COVID ERA. If we go
Speaker 2: back to this Philly FED survey, you see differences in
Speaker 2: general business conditions, new orders, and shipments between March and April,
Speaker 2: and again, Ran, I think the way that I'm looking
Speaker 2: at this is it is a long term cost benefit
Speaker 2: analysis that is guaranteed to have short term pain. There
Speaker 2: is a possibility that there are long term gains, but
Speaker 2: long the biggest question is whether those long term gains,
Speaker 2: if they come outweigh the short term and then of
Speaker 2: course the long term losses. And so the White House
Speaker 2: has lists of you know, deals it has with countries
Speaker 2: or new businesses that have agreed to a new deals
Speaker 2: with businesses that have agreed to invest more in the country.
Speaker 2: But I mean in the last couple of weeks, those
Speaker 2: are so far outweigh by the negatives in my estimation.
Speaker 3: Yeah, right, The long term gains will go to the
Speaker 3: companies and the countries that can take advantage of this moment,
Speaker 3: and those at this point are Chinese companies and China.
Speaker 3: Like it boggles my mind that Trump somehow thinks that
Speaker 3: all of these companies that he is deliberately driving out
Speaker 3: of business and into bankruptcy will somehow take advantage of
Speaker 3: his tariff policy and rebuild the American manufacturing capacity. Like
Speaker 3: that's like he's wiping out the people who would do
Speaker 3: the thing he wants them to do. The ultimate irony,
Speaker 3: of course, is that if you look at the manufacturing
Speaker 3: like numbers under the Biden administration, they were skyrocketing and
Speaker 3: it was through bipartisan industrial policy. Let's keep Trump's tariffs
Speaker 3: in very targeted areas and let's subsidize domestic manufacturing in
Speaker 3: the United States. Like that's it. Like that, That's what
Speaker 3: you do if you wanted to do this. Trump instead
Speaker 3: is like fighting against the subsidies, call you know, and
Speaker 3: then driving these companies that are driving this boom out
Speaker 3: of business. So how he thinks that they'll somehow come
Speaker 3: around and lead a long term turnaround is at least
Speaker 3: beyond my capacity to think.
Speaker 2: Should we roll these clips of Elizabeth Warren doing battle
Speaker 2: on CNBC? I knew you would be excited about these,
Speaker 2: So here is the first one there. She seemed to
Speaker 2: be on for quite a long time. Right, Oh, I'm sorry,
Speaker 2: This is a CNBC poll that's actually worth looking at
Speaker 2: before we even roll into this. I knew CNBC pool
Speaker 2: that found Trump's job approval forty four fifty one. He's
Speaker 2: down twelve points on the economy, done sixteen on tariffs,
Speaker 2: and down twenty three points on inflation and cost of living.
Speaker 2: So even by CNBC's metrics, that's where this is for Trump.
Speaker 2: Here we go with Elizabeth Warren.
Speaker 6: But evidence are you pointing to that this is a
Speaker 6: corrupt policy?
Speaker 7: Well, he right out in front announces a terror policy,
Speaker 7: says there's going to be no exceptions that policy, and
Speaker 7: then he says I talked to Tim Cook.
Speaker 2: Oh really should be talking to Well. Then he follows
Speaker 2: it up.
Speaker 7: I sing, and all of a sudden, great deal available
Speaker 7: for Tim Cook. Tim Cook, who by the way, put
Speaker 7: a million that's.
Speaker 6: Great deal available for Americans who have to buy iPhone.
Speaker 7: No, it is a great deal for one company. But
Speaker 7: how many of the competitors now get hurt? In fact,
Speaker 7: I like to know what else goes on in this deal?
Speaker 7: Is it that Tim Cook and his interest at protection?
Speaker 7: But any of his competitors, I don't know. They get
Speaker 7: a higher interest rate? What happens to them?
Speaker 2: All the corruption?
Speaker 6: And on what evidence ares rolling?
Speaker 2: The next clip here as.
Speaker 6: A reminder, So Congress gives the FED the authority. Can
Speaker 6: the president terminate not that he said he's going to
Speaker 6: do this, but can he terminate Powell's chairmanship? Earlier than
Speaker 6: his end in term. No, under no circumstance. No, that's
Speaker 6: not a concern for him.
Speaker 2: Does it. Well?
Speaker 7: I thought we were talking about legally, Bryan, But this
Speaker 7: is a president who has shown himself willing to violate
Speaker 7: laws every police he goes, including willing to violate the
Speaker 7: Constitution of the United States. So that obviously puts things
Speaker 7: a little more in play than we ever would have guessed.
Speaker 7: But I really want to make a pitch here for
Speaker 7: a second about the importance of Powell staying in his job.
Speaker 2: And it's unusual coming from him. It's very critical of him.
Speaker 7: I have tangled with him on a regular basis about
Speaker 7: both regulations and interest rates. But understand this, if Chairman
Speaker 7: Pell can be fired by the President of the United States,
Speaker 7: it will crash the markets in the United States. The
Speaker 7: infrastructure that keeps this stock market strong and therefore a
Speaker 7: big part of our economy strong and therefore a big
Speaker 7: part of the world economy strong, is the idea that
Speaker 7: the big pieces move independent of the politics, that somebody
Speaker 7: is making his there her best decisions economically and independently.
Speaker 7: If we understand that if the New York Stock Exchange,
Speaker 7: if interest rates in the United states are subject to
Speaker 7: a president who just wants to waive his magic wand
Speaker 7: this doesn't distinguish us then from any other two bit
Speaker 7: dictatorship around the world.
Speaker 3: Ryan go off, Queen Well, I mean, she's right on
Speaker 3: that point, but I also kind of understand a populist
Speaker 3: argument for why the FED actually should be democratically controlled,
Speaker 3: Like this is this is the people's reserve, this is
Speaker 3: the people's monetary policy. Now, I think that there needs
Speaker 3: to be a democratic system applied to it, so it's
Speaker 3: not because if you just allow the president without any
Speaker 3: input from Congress, then he's going to just play games
Speaker 3: with the economy in the you know, leading into every election,
Speaker 3: and that that makes a mockery of democracy because like,
Speaker 3: if the goal is to have the feder be controlled
Speaker 3: by the will of the public, but the will of
Speaker 3: the public is manipulated by the president's control of monetary policy,
Speaker 3: then then you don't actually have that right.
Speaker 2: You're substituting Jerome Powell for Trump, who's at least democratically
Speaker 2: elected but still has what Elizabeth Warren is saying, the
Speaker 2: underlying principle he's using. He's invoked emergency powers for these
Speaker 2: terror for example, which is actually again in principle, sort
Speaker 2: of getst the argument that she's making about the whims
Speaker 2: of a principle being able to dictate these like significant
Speaker 2: market changes, which is historically why investments in the United
Speaker 2: States were different than investments a lot of other places.
Speaker 3: Right, Yeah, we do we like being a global economic
Speaker 3: superpower or not? Like do we like?
Speaker 2: Uh?
Speaker 3: You know what? What what all this really shows is
Speaker 3: that if we want to keep our position as an
Speaker 3: economic superpower, we have to confront massive wealth and income
Speaker 3: inequality because it is making us crazy like that, the
Speaker 3: it is is driving us like economically insane, and we're
Speaker 3: going to then commit economic suicide, which is what we're
Speaker 3: doing now if we don't, if we don't turn if
Speaker 3: we don't turn this around, and that that will put
Speaker 3: a dent in inequality in the sense that it will
Speaker 3: take you know, some of these billionaire's wealth from like,
Speaker 3: you know, five hundred billion down to three hundred billion.
Speaker 3: But that doesn't change their lives and it doesn't make anybody,
Speaker 3: any of us, feel any better.
Speaker 2: So, in the interest of sharing what we mentioned earlier,
Speaker 2: the White Houses, the sort of deals that they're pointing
Speaker 2: to here, I just pulled up a press release that
Speaker 2: they sent. I think this was from last week, but
Speaker 2: you could see they have all of these bullet points.
Speaker 2: JSW Steel announced will be adding jobs that it's Ohio
Speaker 2: Steel plant. BMW is considering adding shifts to boot production
Speaker 2: at South Carolina plant. And I did click through some
Speaker 2: of these last week when I got it, and some
Speaker 2: of them predated Liberation Day, so take that for what
Speaker 2: it is. But Mark announced it will invest eight billion
Speaker 2: in the US for the next several years after opening
Speaker 2: a new billion dollar in North Carolina manufacturing. There are
Speaker 2: some of these example. There are all of these examples,
Speaker 2: some of which are Paris Bagatt and that's the one
Speaker 2: hundred and sixty billion dollars investment, some of which are
Speaker 2: bigger than others. But I think, Grian, this is where
Speaker 2: I'm coming from. In the sort of long term cost
Speaker 2: benefit analys like thirty thousand foot vantage point, you'll look
Speaker 2: at all of these and you can put side by
Speaker 2: side this a list of that's just as long of
Speaker 2: things that have like negative consequences post Liberation Day. And
Speaker 2: so it's just to act as though this is definitively
Speaker 2: I think definitively like good. I think the evidence points
Speaker 2: that it's I don't want to say it's definitively like
Speaker 2: over it's ruined, this isn't do any good. But so
Speaker 2: far I think it seems pretty clear that the bad
Speaker 2: through the uncertainty, is outweighing the good.
Speaker 3: Right And the question is, well, two questions, like how
Speaker 3: many of these announcements are real and how many of
Speaker 3: them are just trying to get on Trump's good side
Speaker 3: to get exemptions from the future tariff policy, which is
Speaker 3: the problem with having just one guy control all the
Speaker 3: tariff policy. And the other is how many of these
Speaker 3: announcements that are real were impossible otherwise, Like we're We're
Speaker 3: a very big, powerful country with a huge market and
Speaker 3: a lot of incentives to offer people. If we wanted
Speaker 3: those companies to do what they're doing invest in our
Speaker 3: country like that, You know that that was happening, that
Speaker 3: it was moving in that direction, and we could keep
Speaker 3: doing it, and we and we and we should have
Speaker 3: like there there is an industrial policy that uses targeted
Speaker 3: tariffs and subsidies and and other economic incentives to move
Speaker 3: in that direction. Just go ahead and do it. Doesn't
Speaker 3: mean you have to bankrupt hundreds of thousands of small
Speaker 3: businesses along the way.
Speaker 2: Uh it's I mean, so now that we're what is
Speaker 2: this the third week of Liberation Day, what is your
Speaker 2: assessment right of just this last week? Right?
Speaker 3: I mean, the he still seems committed to this like
Speaker 3: incorrect understanding of of how he's going to like turn
Speaker 3: this thing around. Like he he does not seem seem
Speaker 3: to understand that China holds the cards and that the
Speaker 3: US does have the capacity to commit economic suicide. And
Speaker 3: he's walking us off that cliff.
Speaker 2: He's well, he obviously maintains he's walking us off.
Speaker 3: To the golden era.
Speaker 2: I was gonna say what he used that what looks
Speaker 2: like a cliff is actually a stairway to heaven.
Speaker 3: Yeah, well it might be.
Speaker 2: It might be that, well, well maybe it'll listen. I'm
Speaker 2: I'm not like as convinced that nothing, nothing good at
Speaker 2: all will come of this, But I think as time
Speaker 2: wears on, there's no industrial policy that's being coupled with us,
Speaker 2: no significant industrial policy that's being coupled with this. There
Speaker 2: is no certainty on the horizon. It is just indefinite uncertainty,
Speaker 2: not just a week of uncertainty that's used as leverage
Speaker 2: just to cure really obviously good deals, and we still
Speaker 2: over the course of this week not gotten evidence of
Speaker 2: significantly good deals. If seventy seventy five countries are calling
Speaker 2: the White House up, and I'm sure some of them
Speaker 2: are because we do have China has cards, we obviously
Speaker 2: have cards too, because we have a massive market of consumers,
Speaker 2: a huge consumer market. So there's you know, there's a
Speaker 2: lot to be negotiated. But I just I mean, obviously
Speaker 2: Maloney was here this week. I don't know how much
Speaker 2: progress was made, and the EU does want to cut
Speaker 2: a deal with us, but I've just haven't seen a
Speaker 2: lot of emergent evidence in this last week that those
Speaker 2: deals are really significant and being cut.
Speaker 3: Right. That's the other thing is that these deals could
Speaker 3: be cut without trying to blow up the world like he.
Speaker 3: I see all of his defenders talking as if the
Speaker 3: only way for the United States to get like Maloney
Speaker 3: on the phone is to first blow up the world,
Speaker 3: like again, have some self respect. The United States of America,
Speaker 3: the most powerful country history of the world. You want
Speaker 3: to trade deal with EU, you can do a trade
Speaker 3: deal with the EU. You don't have to throw his
Speaker 3: appertantrum to get that to get those calls. Like I
Speaker 3: see all his defenders saying all his phone is ringing
Speaker 3: off the hill. He's the president of the United States.
Speaker 3: He can get anybody on the phone he wants. He
Speaker 3: didn't need to do this. He has significantly weakened his
Speaker 3: own negotiating position.
Speaker 2: I think there's an argument just to.
Speaker 3: Get Maloney on the phone or in the Oval office.
Speaker 2: I think there's an argument that if the uncertainty had
Speaker 2: been that dramatic for a week, that is actually significant leverage.
Speaker 2: That signals you are, like, this is Donald Trump not
Speaker 2: messing around, and he's completely serious about doing what everyone
Speaker 2: thinks is crazy. He doesn't think it's crazy. And if
Speaker 2: he maintains it for a week, maybe he maintains it
Speaker 2: for two weeks, then you know, you signal to people
Speaker 2: it's always like foreign policy, like he is not. This
Speaker 2: is not him just throwing out different range ideas like
Speaker 2: taking Canada. It's not him like joking around about the
Speaker 2: fifty first state. This is completely serious. But now we're
Speaker 2: just lingering into this ninety day pause period of uncertainty
Speaker 2: on the reciprocal tariffs. And it's the water is so
Speaker 2: completely muddy, and so if you keep this up long
Speaker 2: enough that uncertainty means people are going to choose to
Speaker 2: invest elsewhere, and it doesn't become its value as leverage
Speaker 2: is overtaken by the cost of people needing certainty and
Speaker 2: choosing where they can get certainty.
Speaker 3: Yeah, And I just don't I just don't think that repeatedly,
Speaker 3: like banging yourself over the head with a hammer, is
Speaker 3: a way of showing that you're serious. Yeah, that shows
Speaker 3: you're a crazy person that is eventually going to knock
Speaker 3: yourself out.
Speaker 2: Well, I think you could show your crazy person, yeah,
Speaker 2: like briefly and then you have to return from the
Speaker 2: events to actually.
Speaker 3: Get to see those just two hammer blows.
Speaker 2: Yes, all right, thank you guys so much for watching.
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