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Speaker 1: Hey guys, Saga and Crystal here.

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Speaker 3: news media and we hope to see you at Breakingpoints

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Speaker 3: dot Com. Turning now to AI, let's go and put

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Speaker 3: this one up here on the screen. Very interesting story

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Speaker 3: here from notice an internal Treasury Department warning is warning

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Speaker 3: about the dangers of AI. So there's a draft report

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Speaker 3: that allegedly exists inside of the Treasury Department. It is

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Speaker 3: set to warn the risk posed by an artificial intelligence

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Speaker 3: market it liking key aspects of it to dot com

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Speaker 3: that upended the US economy in the early two thousands.

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Speaker 3: The document, the existence contents of which have not been

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Speaker 3: previously reported, is actually a huge departure from the public

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Speaker 3: tone of the administration, which is part of why it's

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Speaker 3: actually important.

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Speaker 1: So here's what they write.

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Speaker 3: Career Treasury analysts found that AI firms are more deeply

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Speaker 3: entrenched in the US economy than their dot com predecessors

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Speaker 3: and pose significant risk to the entire system if financial

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Speaker 3: conditions change, productivity goals are missed, or various choke motes,

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Speaker 3: choke points steymi growth, a downturn in the AI market

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Speaker 3: would send shockwaves throughout the entire economic ecosystem. The report

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Speaker 3: concludes an AI bubble popping would lead to less of

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Speaker 3: an immediate crash than the US economy experience in the

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Speaker 3: early two thousands, but that the companies would cut back,

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Speaker 3: investors would lose confidence, and the economy would likely grow

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Speaker 3: more slowly should the industry falter quote stock markets, private

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Speaker 3: credit markets, companies financing data center buildouts, cloud providers, chip manufacturers,

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Speaker 3: and utilities would.

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Speaker 1: All feel the effects.

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Speaker 3: Trump administration officials have never voiced similar unease in public,

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Speaker 3: and a Treasury Department spokesperson dismissed the findings as quote,

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Speaker 3: unvetted and not representative of the agency's policy or views.

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Speaker 3: Quote the official position of the Secretary and the US

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Speaker 3: Treasury is that artificial intelligence will be a key driver

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Speaker 3: of America's.

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Speaker 1: New Golden age.

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Speaker 4: So they're betting the farm.

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Speaker 3: This is basically who's who's president dot Com? Was it

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Speaker 3: Clinton or Bush?

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Speaker 4: Well? Probably?

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Speaker 3: Oh it was Clinton, right, So when I think about it,

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Speaker 3: so it is Clinton. I guess it's a different because

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Speaker 3: he was completely on.

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Speaker 4: The way different crashes.

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Speaker 5: Yeah, in March two thousand is really when it starts

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Speaker 5: the down.

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Speaker 4: Yeah.

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Speaker 3: But if Clinton, I guess Clinton had a future or

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Speaker 3: al Gore or somebody would be like, the future of

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Speaker 3: our economy may probably does mean it.

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Speaker 4: Was right, the future the econ. It's interesting.

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Speaker 5: The future of the economy was the internet, right, but

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Speaker 5: in twenty fourteen, and just like the railroads later, the

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Speaker 5: future was the railroad. Yeah, but twenty years later the canals. Uh,

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Speaker 5: the railroads kind of eclipsed the canals.

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Speaker 3: What I think is interesting is basically just the because

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Speaker 3: it's we've all been saying this, everybody knows it to

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Speaker 3: be true.

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Speaker 1: Doesn't take a genius to figure it out.

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Speaker 3: However, having an internal report here which warns about this

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Speaker 3: against your public positioning. This is the type of stuff

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Speaker 3: which can come back to bite you. In the ass, right,

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Speaker 3: Because it's kind of like, if I'm thinking back to

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Speaker 3: remember the bin Laden in two thousand and one, how

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Speaker 3: Bush received that briefing in August two thousand and one,

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Speaker 3: it was like bin Laden determined to attack the United States.

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Speaker 3: It was totally dismissed at the time, routine part of

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Speaker 3: the CIA briefing. But then the nine eleven COMMISSI happens

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Speaker 3: to people were like, hey, oh my god, how could

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Speaker 3: you have done this? Or let's say in two thousand

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Speaker 3: and eight, nobody, I can guarantee you. At the time

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Speaker 3: of what was a glass Stegal repeal, nobody said a word,

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Speaker 3: right nobody noway's paying attention. They were like, yeah, whatever,

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Speaker 3: rubber stamp, it is what it is. After eight, everybody's like,

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Speaker 3: how did this happen? So I think that this is

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Speaker 3: an example I think of what the future will look like.

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Speaker 3: And you know, having a draft report like this which

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Speaker 3: you dismissed, I mean it's a scandal, right because you're saying, Wow,

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Speaker 3: you guys knew that this was a problem.

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Speaker 1: You didn't do anything to cap any the problems.

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Speaker 3: You had these career analysts who were warning you this,

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Speaker 3: this and this right now, it's all gravy.

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Speaker 1: I mean, let me check.

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Speaker 3: You know, where are we at today, AGEAH S and

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Speaker 3: P futures and this is pretty high.

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Speaker 1: Yeah, the S and P.

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Speaker 3: Is still up by ten percent year to date, even

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Speaker 3: though we had a massive, you know, Iran war, horrific

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Speaker 3: situation in the last year. It's up by twenty one percent.

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Speaker 3: We're a full boom bowl market and it's like five

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Speaker 3: years and the S and P is up seventy two percent, right,

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Speaker 3: So that's insanity. So everybody's in you know, it's just

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Speaker 3: like the good times. But I was reading a little

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Speaker 3: bit about dot com several I think it was a

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Speaker 3: year or two ago, and I did not realize, you know,

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Speaker 3: if you would invest it at the top of dot com,

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Speaker 3: the market did not reach that high again until like

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Speaker 3: twenty thirteen. So thirteen years of a black hole. You're like,

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Speaker 3: oh my god. So, I mean America has not been

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Speaker 3: through anything like that. Basically we had that and then

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Speaker 3: eight and eight. You know, even in terms of the recovery,

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Speaker 3: it's not the recovery I think that we wanted. So

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Speaker 3: the fear here Ryan is I think what they talk

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Speaker 3: about on the back end, it's not about the AI

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Speaker 3: companies going bust. It's that everybody. All the GDP spend

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Speaker 3: is AI. The data center built out is AI. A

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Speaker 3: lot of the you know, big tech companies which compromise

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Speaker 3: all of the S and P five hundreds to everybody's

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Speaker 3: retirement accounts is all in Nvidia and Google, in Meta

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Speaker 3: and all of these other companies whose entire bet is

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Speaker 3: on AI. I mean, Tesla is now trying to do AI.

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Speaker 3: SpaceX is an AI company. It's not a rocket company, right,

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Speaker 3: you know, their biggest driver right now is like selling

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Speaker 3: Compute to Anthropic, and then Anthropic and Open AI alone

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Speaker 3: are both going to be two trillion dollars collectively when

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Speaker 3: they go I PO. So all of that is just

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Speaker 3: going to make up such a huge part of the

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Speaker 3: economy where you're exposed no matter what, like, no matter

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Speaker 3: what you do, no matter what business you're in. And

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Speaker 3: then that kind of capital crunch which will come in

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Speaker 3: if there's a downturn, it will have serious, serious problems

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Speaker 3: for everybody.

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Speaker 5: Yeah, and AI is here to stay. AI is gonna sure,

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Speaker 5: like you, for better or for worse. But the idea

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Speaker 5: that there won't be some pullback right at minutes, that's

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Speaker 5: like what I would rather hear from a Treasury secretary

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Speaker 5: is like, yes, when when we have these massive shifts

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Speaker 5: in our economy, there is always and that Zuckerberg has

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Speaker 5: said this himself, like he's like, yes, there will be

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Speaker 5: some multi hundred billion dollar investments that will be a.

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Speaker 4: Mistake and that will vanish.

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Speaker 1: Yeah, he literally said that.

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Speaker 5: It's like, okay, fine, at least you're at least you're

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Speaker 5: clear headed about how in saying this is uh, you

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Speaker 5: you want to hear if it's whether it's a railroad

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Speaker 5: boom or you know, the internet one that you're planning

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Speaker 5: for the pullback and here, okay, there's going to be

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Speaker 5: a pullback, and here's how we're going to make sure

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Speaker 5: we get a soft landing US for the entire global economy.

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Speaker 5: You don't want to hear. Actually, it's going to be fine.

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Speaker 5: The number is just going to keep going up and

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Speaker 5: up and up.

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Speaker 1: Yeah, exactly.

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Speaker 4: That's hird because everyone else.

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Speaker 5: It was like, why would that be the why would

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Speaker 5: be the first time in history?

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Speaker 4: Yeah, that that is going to happen.

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Speaker 3: Right, I was reading I don't I'm not a trader.

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Speaker 3: I don't know the exact you know, the exact details,

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Speaker 3: but I was reading about this new financial product which

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Speaker 3: cal She offers, which is like a highly leveraged liquid

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Speaker 3: options market, which offers more leverage than a traditional Wall

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Speaker 3: Street bang, and I.

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Speaker 4: Was like, oh, what could go wrong?

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Speaker 3: And they were like this is the biggest growth center

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Speaker 3: of our company sports betting.

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Speaker 4: And I was like, uh, seems bad.

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Speaker 1: You know.

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Speaker 4: I was like, isn't that illegal? Nothing's illegal now we're

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Speaker 4: just the sec on like, it's.

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Speaker 3: Not regulated by that, it's regulated by CFTC. So it's

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Speaker 3: like it's so different, you know, financial product, but this

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Speaker 3: is the same thing.

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Speaker 1: I mean, you know, we it just like is it.

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Speaker 4: Regulated by the CFTC or they just doing.

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Speaker 3: Cal She's regulator? Well yeah, right, exactly technically regulated. But

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Speaker 3: if you go back to six, nobody knew what a

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Speaker 3: credit to fault swap was. Nobody everybody found out in

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Speaker 3: nine when they're like how did this happen? Right, So

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Speaker 3: there's all kinds of these products which are swimming out

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Speaker 3: there and commoditized car loans and all this debt and

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Speaker 3: who even knows the leverage that exists behind AI?

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Speaker 1: We have no idea.

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Speaker 3: I mean, if the Iran War had not happened, the

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Speaker 3: number one economic story actually would have been all of

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Speaker 3: these private credit markets. There were all of these private

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Speaker 3: lines of credit which were being called in by the

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Speaker 3: big banks. Nobody even knew what was going on. I

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Speaker 3: believe it's still happening as of today. By the way,

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Speaker 3: what's also interesting about this is the tone shift in

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Speaker 3: the AI CEO.

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Speaker 1: So let's put this one up here on the screen.

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Speaker 3: This is C three guys, And what they talk about

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Speaker 3: here is that big Tech, after public opinion on AI

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Speaker 3: has dramatically downshifted, is that the tech CEOs Sam Altman

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Speaker 3: and Dario and Zuckerberg and Jensen are all suddenly not

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Speaker 3: saying the quiet part out loud anymore. Now it's no

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Speaker 3: longer AI jobs, Well, AI is going to wipe out

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Speaker 3: all of your jobs. It's about how AI is going

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Speaker 3: to grow your job. So quote a year ago, the

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Speaker 3: message from many business leaders was that AI was going

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Speaker 3: to wipe out jobs. For the past month or so,

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Speaker 3: tech CEOs have been striking a more optimistic tone.

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Speaker 4: In late May, Sam Altman.

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Speaker 3: Who has previously predicted seismic shift in the workforce, has

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Speaker 3: now said we've been roughly right on technological predictions and

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Speaker 3: pretty wrong on the social and economic implications. Soon after,

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Speaker 3: he told CNBC, our industry underestimated how much we're going

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Speaker 3: to be able to keep people at the center of everything.

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Speaker 3: Very big difference, I think Kier and now you also

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Speaker 3: have here. They say Dario, who in May of twenty

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Speaker 3: twenty five had said that there will be more who

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Speaker 3: had made twenty twenty five that AI was going to

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Speaker 3: eliminate half of all jobs a year later, now says

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Speaker 3: that companies quote can do the same thing with less resources,

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Speaker 3: and that leads to things like layoffs, or they can

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Speaker 3: do more with the same amount of resources, but that

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Speaker 3: requires creativity. In a June essay, the executive now writes

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Speaker 3: that in giving warning's job displacement, he had wanted policymakers

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Speaker 3: to have the best chance at adapting. He was not

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Speaker 3: trying to be a quote profit of doom and did not,

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Speaker 3: and also wrote the possibility of enduring job loss remained,

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Speaker 3: so softening the fall if this were to come.

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Speaker 5: On Friday, we talked about Alex Karp's what people call

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Speaker 5: the meltdown. That's just an Alex Carp Monologue's not a meltdown.

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Speaker 5: It's just that's how he talks on CNBC.

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Speaker 1: It's called autism.

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Speaker 4: There's a clear.

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Speaker 5: Moment though in it that is so revealing where he's

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Speaker 5: so angry at Sam Altman and these others who he

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Speaker 5: calls these profits of doom, saying you're going to get

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Speaker 5: us a wealth tax, and that's what all of this

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Speaker 5: is about. They feel like they have been too honest

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Speaker 5: about what the implications of their technology are going to

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Speaker 5: be for, particularly the white collar public, which still has

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Speaker 5: some political purchase in this country, and they're going to

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Speaker 5: use that remaining power that they have to implement.

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Speaker 4: A wealth tax exactly.

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Speaker 5: And he's like, guys, stop talking about how we're going

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Speaker 5: to make everybody unemployed, because that's making them upset.

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Speaker 4: And they're going to come for us now. Stop.

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Speaker 5: So now they're going to lie to you and be like, actually,

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Speaker 5: this is just a little agent that's going to help

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Speaker 5: you out in your there's gonna be more jobs.

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Speaker 4: Don't tax our wealth.

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Speaker 1: Don't worry about it.

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Speaker 5: And in the UK, you know they are they may

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Speaker 5: they may move.

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Speaker 4: On a wealth tax. We'll see.

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Speaker 5: And you know the UK was the first to move

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Speaker 5: on a progressive income tax one hundred plus years more

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Speaker 5: than a hundred years ago, and then that kicked it

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Speaker 5: off around the rest of the world. And these oligarchs

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Speaker 5: have very long memories. They hated the income tax when

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Speaker 5: it came in hit the wealthy, and they are desperately

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Speaker 5: trying to avoid this wealth tax. I can't get my

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Speaker 5: head around why somebody like Alice Carr, what's he worth?

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Speaker 4: I don't even one hundred billion? Who God only knows.

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Speaker 3: Seven I think probably seven billion. Let's see, like, why

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Speaker 3: does he care about a wealth.

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Speaker 1: Twelve between twelve and sixteen bill.

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Speaker 5: Okay, twelve and sixteen billion dollars? What's he care a

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Speaker 5: couple of billion? I mean a couple two percent pay

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Speaker 5: it back? I mean, look, you're I'm not defending there's

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Speaker 5: nothing he wants in this world that he can't buy

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Speaker 5: unless he has some demented.

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Speaker 3: Well, that's here's the populist argument. What's that is it Steinback?

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Speaker 3: It was it Steinback who said the problem with America

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Speaker 3: is that every person sees themselves something something about like

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Speaker 3: a dispossessed millionaire, something like that. He said, America will

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Speaker 3: never have socialism because every American thinks that they're just

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Speaker 3: a millionaire who hasn't made it.

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Speaker 1: I've butchered the quote.

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Speaker 3: I'm sorry, but I believe that was a seinback quote

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Speaker 3: from some time in the Great Depression. So there is

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Speaker 3: an element of it where, I mean, remember what's the

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Speaker 3: book Thomas Frank what's the matter with Kansas? I mean,

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Speaker 3: there is a genuine element of it where people are like, hey,

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Speaker 3: that's not fair. These are titans of industry, these are

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Speaker 3: titans of you know whatever, they've done all this.

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Speaker 1: Great stuff for society.

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Speaker 3: I think that might have been true even you know,

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Speaker 3: in the industrialist stage, where you could make an argument

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Speaker 3: and Carnegie and all those people were building all these

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Speaker 3: temples to their own ego with the libraries. But these guys,

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Speaker 3: they don't even pretend like it's all just like we're

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Speaker 3: going to take your job and we're gonna get filthy rich.

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Speaker 4: And they need to maybe do a lot.

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Speaker 1: Right, So for them, they're like, hey, cool it.

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Speaker 3: But they're Their best argument that they have is like, well,

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Speaker 3: it was a billion and now it's fifty million. Soon

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Speaker 3: it'll be one million or something like that, right, and

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Speaker 3: so the average guy could be worth a million. And generally,

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Speaker 3: I mean, the most conservative people in the country are

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Speaker 3: actually small business owners, right, because they're the ones who

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Speaker 3: actually manage all of their own taxes.

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Speaker 1: I get it. It's a literal nightmare having to do

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Speaker 1: all of it.

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Speaker 3: But part of the reason is that that block is

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Speaker 3: usually because they're the most tax people in the country.

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Speaker 3: Because of the way that they make money, these are

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Speaker 3: some of the least tax people in the country.

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Speaker 4: Generally.

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Speaker 3: The way that they try to weaponize it is about innovation, etc.

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Speaker 3: But I think if you look at the polling for

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Speaker 3: how the people feel about the wealth tax, what it

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Speaker 3: comes down to is they're like, look, we get it,

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Speaker 3: maybe it's unfair to tax unrealized gains, but at the

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Speaker 3: end of the day, we don't give a shit. You

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Speaker 3: guys are super wealthy. We don't care anymore, right, Like

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Speaker 3: we need to punish you, and I mean when they're

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Speaker 3: affecting society in the way that we are. Like, sometimes

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Speaker 3: the problem is they argue with wealth tax in terms

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Speaker 3: of like fiscal you know, oh, it wouldn't even be

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Speaker 3: going to anything for everybody else. They're like, it's purely punitive,

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Speaker 3: and we're fine with that, right They're like they're like,

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Speaker 3: we don't care. They're like, we don't care.

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Speaker 4: Again, you're wasted. We don't like you.

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Speaker 3: Like that's what they don't understand is people hate them.

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Speaker 3: And here's here's a good example.

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Speaker 4: Let's put uh what Steinbeck? I think the quote you

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Speaker 4: were thinking.

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Speaker 5: Yeah, he called Americans temporarily embarrassed capitalists.

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Speaker 1: That's it, That's what it was. It was something like that.

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Speaker 5: They're like, they're like capitalists, they just don't have any

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Speaker 5: capital yet.

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Speaker 3: Yeah, it was like that. He said something. It was

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Speaker 3: in the Great Depression. I remember he said something.

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Speaker 5: It's like his essay on the thirties. There, that's the

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Speaker 5: saga Endorstairs.

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Speaker 4: I mean, good should go read.

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Speaker 3: He was a genuinely insightful guy. Let's put see four

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Speaker 3: up here on the screen. So this griffin found this

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Speaker 3: one perfect example. Like where are you going to do

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Speaker 3: stuff like this? You got the Nashville Zoo. It is

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Speaker 3: now a battleground in the data center race, so let's

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Speaker 3: talk about it. So before the sun has risen, they say,

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Speaker 3: a club leopard, no law, no bigger than her hands,

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Speaker 3: wiggle impatiently, wedding to be fed by the Nashville Zoo's

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Speaker 3: animal health director.

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Speaker 1: The newborn sucks eagerly. It's tiny pause, paddling the air

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Speaker 1: with every gulp.

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Speaker 3: But now zoo officials say that a planned data center

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Speaker 3: just beyond the perimeter quote, could introduce constant noise, light,

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Speaker 3: and industrial activity that may disrupt the environmental conditions critical

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Speaker 3: not only for the leopard breeding program, but for the

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Speaker 3: more than three thousand animals that call the zoo home. Now,

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Speaker 3: this is a classic nit style debate. Yeah, you're gonna

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Speaker 3: ruin the leopards. You're gonna introduce all of.

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Speaker 1: This noise, and you.

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Speaker 3: Can know what's the what's the argument for it? We'll

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Speaker 3: talk with This is about the technological innovation. It's a zoo,

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Speaker 3: it's an animal. Ultimately, it's for our kids entertainment.

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Speaker 4: Right.

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Speaker 3: But this is the problem that the AI CEOs have

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Speaker 3: never gotten to data center for what what are you

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Speaker 3: doing for me? Right? If you're really wealthy, my stock

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Speaker 3: is going up, Okay, that's great, right, But for everybody else,

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Speaker 3: you're like, uh, you say you're gonna replace my job.

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Speaker 3: I get a bunch of AI slop of kittens turning

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Speaker 3: into dancing monkeys on my phone.

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Speaker 4: That's it?

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Speaker 1: Like, what am I getting out of this? Right? And

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Speaker 1: that's fundamentally the problem.

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Speaker 4: I think what you're getting out of it is your

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Speaker 4: job getting taken.

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Speaker 3: Yeah, right, Well, according to them, previously except not now.

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Speaker 3: Oh we've changed our outlook. You actually flagged this. That

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Speaker 3: guy you had on William Lawrence just has some polling.

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Speaker 3: Let's put C six up here on the screen. This

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Speaker 3: is a new favorability that they found. Do you have

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Speaker 3: a favorable or unfavorable.

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Speaker 1: Opinion of data centers?

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Speaker 3: And in his poll he found nineteen percent favorable seventy

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Speaker 3: four percent unfavorable.

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Speaker 4: Yeah.

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Speaker 5: Man, He's in a three way Democratic primary for in

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Speaker 5: a swing district which is currently represented by a Republican's

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Speaker 5: got Tom Barrett Michigan. The other two candidates are kind

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Speaker 5: of these corporate Democrats who are afraid to say anything

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Speaker 5: about the data centers.

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Speaker 4: You know, they're express concerns.

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Speaker 5: He's like, no, shut down the data centers, data center moratorium, right.

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Speaker 5: And as a result, according to what looks like you know,

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Speaker 5: his analysis of his own polling, and I think we

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Speaker 5: can all agree that it's pretty fair analysis, is that

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Speaker 5: his opposition to data centers is the thing that is

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Speaker 5: elevating him in the primary. He's probably going to win

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Speaker 5: the primary even though he's the kind of most left

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Speaker 5: wing candidate in a swing district. And it's because people

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Speaker 5: are like I don't care if you call him a

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Speaker 5: socialist or he's a co founder of Sunrise movement. I

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Speaker 5: don't care if you call him an ecosocialist. He's against

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Speaker 5: these data centers. I'm against these data centers. And if

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Speaker 5: you're a Republican too, that same poll showed that independence

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Speaker 5: preferred him by nineteen points over the Republican, which that's

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Speaker 5: ballgame in a swing district if he wins the nomination,

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Speaker 5: and if they don't, you know, pummel him with whatever.

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Speaker 5: And it's all about the data centers. So independentshy like,

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Speaker 5: I don't care if you call him a socialist. And

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Speaker 5: they also pulled your attitudes on the Democrats, democratic socialism,

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Speaker 5: and a bunch of other things. The least unpopular was

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Speaker 5: democratic socialism, for it was still a negative.

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Speaker 3: Well, I mean, take a look at Utah and this

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Speaker 3: whole Kevin O'Leary situation.

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Speaker 1: Well, what just happened?

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Speaker 3: Mean the Fox News had to apologize he smeared these

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Speaker 3: people they're worried about getting as Chinese communist.

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Speaker 1: Activists or whatever.

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Speaker 3: And it's like, really, Utah is full of a bunch

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Speaker 3: of Chinese communist liberals. Utah one of the most conservative

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Speaker 3: states in the country, and this is rural. You tak

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Speaker 3: too about what we're talking about, Like are you joking, dude, Like, no,

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Speaker 3: that's not what this is about. And so look, I mean,

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Speaker 3: I just think for them, you know, you're talking about

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Speaker 3: the wealth tax AI and all of that. Everybody can

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Speaker 3: see the number go up, But number go up doesn't

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Speaker 3: apply as much, right.

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Speaker 1: It applies when you're worth twelve billion. Twelve to sixteen

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Speaker 1: is a lot.

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Speaker 3: It doesn't apply so much when you're you know, let's

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Speaker 3: say you what is it, fifty something percent of people.

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Speaker 1: Don't even retirement account.

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Speaker 3: So the only number that matters to them that should

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Speaker 3: go up as wages, which guess what hasn't gone up,

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Speaker 3: you know, And.

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Speaker 4: The only number you see gown up is gas. That's

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Speaker 4: the key point.

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Speaker 5: Western economies for the last twenty years or so have

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Speaker 5: been growing at about one percent percent. The richest top

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Speaker 5: point one percent have seen their wealth grow by way

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Speaker 5: more than one percent. That means we don't have a

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Speaker 5: whole lot more wealth to spread around, so as they

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Speaker 5: gobble it up, there's less for everybody else. That is

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Speaker 5: just unless we can figure out a way to start

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Speaker 5: growing the economy at ten percent.

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Speaker 4: The wealth.

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Speaker 5: The wealthy growing their wealth at ten percent gobbles our wealth.

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Speaker 4: It's actually more than more than percent. I just gave

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Speaker 4: you twenty percent and so.

442
00:19:33,800 --> 00:19:36,480
Speaker 5: And as they get richer and richer and richer, they

443
00:19:36,520 --> 00:19:38,560
Speaker 5: have to do something with that money. And what they

444
00:19:38,600 --> 00:19:42,720
Speaker 5: do is they invested in assets, stock market houses, like commodities.

445
00:19:42,920 --> 00:19:47,440
Speaker 5: So they're buying up everything, and the power of exponential

446
00:19:48,200 --> 00:19:52,440
Speaker 5: of exponential growth means they will own everything at some point,

447
00:19:52,680 --> 00:19:55,320
Speaker 5: not to in the not too distant future unless we're

448
00:19:55,320 --> 00:19:57,399
Speaker 5: on unless we tax their wealth.

449
00:19:57,560 --> 00:20:02,520
Speaker 3: All right, let's get to Caroline Leavitt turning down to

450
00:20:02,600 --> 00:20:04,600
Speaker 3: Caroline love with the White House Press secretary. So she

451
00:20:04,720 --> 00:20:07,680
Speaker 3: was enjoying the Fourth of July festivities with Jesse Waters,

452
00:20:07,760 --> 00:20:11,920
Speaker 3: Ryan's old friend who is not even wearing a suit. Yeah,

453
00:20:12,119 --> 00:20:14,480
Speaker 3: I mean it is outrighteous. Zaaramam not even wear a

454
00:20:14,520 --> 00:20:16,160
Speaker 3: suit when he's swimming in a pool. What the fuck

455
00:20:16,200 --> 00:20:18,640
Speaker 3: are you doing? Right, But let's put that to the side.

456
00:20:18,680 --> 00:20:21,600
Speaker 3: So Jesse Water is sitting down, they're shooting the shit.

457
00:20:21,960 --> 00:20:25,840
Speaker 3: We're here with Caroline Lovett, and in that Caroline drops

458
00:20:25,920 --> 00:20:29,280
Speaker 3: this nugget on gen Z, her fellow gen Z, how

459
00:20:29,280 --> 00:20:31,120
Speaker 3: they're lazy with silver spoons. In their mouth.

460
00:20:31,160 --> 00:20:33,200
Speaker 6: Let's take a listening to come here right now.

461
00:20:33,240 --> 00:20:35,160
Speaker 7: Some of these kids, and I call them kids because

462
00:20:35,160 --> 00:20:37,680
Speaker 7: they're in their twenties and they've never had real jobs,

463
00:20:37,720 --> 00:20:41,040
Speaker 7: and they're complaining things are expensive. Yes, things are expensive

464
00:20:41,160 --> 00:20:43,880
Speaker 7: when you don't have a real job. Do you think

465
00:20:43,920 --> 00:20:46,040
Speaker 7: that's getting traction complaining?

466
00:20:46,960 --> 00:20:50,680
Speaker 6: Unfortunately I do because this generation, my generation, I hate

467
00:20:50,680 --> 00:20:52,960
Speaker 6: to say it, gen Z and those younger than me,

468
00:20:53,119 --> 00:20:55,920
Speaker 6: have been raised with just silver spoons in their mouths,

469
00:20:55,960 --> 00:20:58,520
Speaker 6: just getting everything handed to them. That's not the values

470
00:20:58,560 --> 00:21:01,119
Speaker 6: this country was built on. It was built on meritocracy

471
00:21:01,320 --> 00:21:03,720
Speaker 6: and hard work, pulling up your sleeves, pulling yourself up

472
00:21:03,720 --> 00:21:07,119
Speaker 6: from your bootstraps, and achieving the American dream. And we

473
00:21:07,160 --> 00:21:08,200
Speaker 6: need to protect it with all.

474
00:21:08,080 --> 00:21:11,320
Speaker 7: These laziness a little bit. It is it because the

475
00:21:11,320 --> 00:21:15,400
Speaker 7: professors said, countries corrupt, it's evil and we just need

476
00:21:15,400 --> 00:21:18,040
Speaker 7: to shake them down and tend money out.

477
00:21:18,240 --> 00:21:21,159
Speaker 6: It's laziness, and it's the liberal indoctrination. You bring up

478
00:21:21,160 --> 00:21:23,880
Speaker 6: a great point about our education system. However, I will

479
00:21:23,920 --> 00:21:26,800
Speaker 6: say silver lining. So many parents that I talk to

480
00:21:26,880 --> 00:21:30,400
Speaker 6: across the country are homeschooling, are turning to private education,

481
00:21:30,520 --> 00:21:33,520
Speaker 6: are turning towards Christian schools across the country because they

482
00:21:33,560 --> 00:21:36,920
Speaker 6: don't want their children being taught these communists and liberal

483
00:21:36,960 --> 00:21:39,360
Speaker 6: ideas slam down their throats. Why President Trump and our

484
00:21:39,480 --> 00:21:42,000
Speaker 6: in the White House has advocated so strongly for school

485
00:21:42,080 --> 00:21:44,680
Speaker 6: choice across the country. We want kids to be taught

486
00:21:44,680 --> 00:21:46,040
Speaker 6: to love our country.

487
00:21:46,040 --> 00:21:46,520
Speaker 4: They should.

488
00:21:46,520 --> 00:21:48,560
Speaker 6: It is the greatest country in the history of the world.

489
00:21:48,640 --> 00:21:51,120
Speaker 7: All right, isay? You know, if they misbehave, just make

490
00:21:51,160 --> 00:21:54,239
Speaker 7: all these young kids join the army, right, shape them up.

491
00:21:54,280 --> 00:21:55,520
Speaker 4: I almost have to send.

492
00:21:57,000 --> 00:21:59,120
Speaker 6: Ran they don't want to come back. That's a good point.

493
00:21:59,280 --> 00:21:59,600
Speaker 4: Okay.

494
00:21:59,720 --> 00:22:03,000
Speaker 3: So if you're a gen z, you're mad about house prices,

495
00:22:03,000 --> 00:22:05,399
Speaker 3: you're mad about gas prices, you're mad about McDonald's prices,

496
00:22:05,520 --> 00:22:06,680
Speaker 3: drink price whatever.

497
00:22:06,600 --> 00:22:07,000
Speaker 4: Whatever it.

498
00:22:07,080 --> 00:22:10,200
Speaker 3: Weed prices, probably that you people are mad about. That's

499
00:22:10,240 --> 00:22:12,040
Speaker 3: one I'm not going to fight for you on. But

500
00:22:12,240 --> 00:22:14,719
Speaker 3: you're mad, you're mad, it's because you're lazy and you've

501
00:22:14,720 --> 00:22:17,760
Speaker 3: got a silver spoon in your mouth. Now let's put

502
00:22:18,040 --> 00:22:21,800
Speaker 3: her clarification up here. She says, I am seeing a

503
00:22:21,840 --> 00:22:25,359
Speaker 3: lot of bad faith actors take my comments from this

504
00:22:25,480 --> 00:22:28,560
Speaker 3: interview out of context. So here's the full interview. Let

505
00:22:28,600 --> 00:22:31,480
Speaker 3: me expound. The interview is about the rise of communism

506
00:22:31,520 --> 00:22:33,840
Speaker 3: on the left. I was asked by Jesse Waters why

507
00:22:33,880 --> 00:22:36,359
Speaker 3: so many young people are buying the false premise of

508
00:22:36,400 --> 00:22:39,800
Speaker 3: free stuff being sold by communist politicians. I answer a

509
00:22:39,840 --> 00:22:42,919
Speaker 3: combination of laziness, yes, and the liberal and doctrination that

510
00:22:42,960 --> 00:22:44,840
Speaker 3: has been taking a place in our education system for

511
00:22:44,880 --> 00:22:48,119
Speaker 3: far too long. These far left educators are public students

512
00:22:48,160 --> 00:22:50,760
Speaker 3: as of garbage, convincing that hard work and sacrifice won't

513
00:22:50,800 --> 00:22:52,800
Speaker 3: pay off down the road because they want them totally

514
00:22:52,840 --> 00:22:55,120
Speaker 3: reliant on the government instead. I went on to say

515
00:22:55,119 --> 00:22:57,360
Speaker 3: President Trump is a huge advocate for school choice, blah

516
00:22:57,400 --> 00:22:59,760
Speaker 3: blah blah. I care enough about our country to tell

517
00:23:00,040 --> 00:23:02,479
Speaker 3: comfortable truths. It's an undeniable fact a growing number of

518
00:23:02,480 --> 00:23:04,240
Speaker 3: young people in our country are falling for the lives

519
00:23:04,240 --> 00:23:07,240
Speaker 3: of socialism communism sold to them by anti American politicians

520
00:23:07,280 --> 00:23:09,600
Speaker 3: who never built anything, offer no real solutions, or intent

521
00:23:09,680 --> 00:23:12,280
Speaker 3: on tearing everything down that makes this country great. At

522
00:23:12,320 --> 00:23:14,359
Speaker 3: the same time, it is true that many Gen Z

523
00:23:14,440 --> 00:23:17,359
Speaker 3: Americans are hard working, entrepreneurial, deeply patriotic, and it's why

524
00:23:17,440 --> 00:23:18,159
Speaker 3: do we protect the.

525
00:23:18,160 --> 00:23:19,160
Speaker 1: American dream for them.

526
00:23:19,480 --> 00:23:21,840
Speaker 3: That's why I'm honored to work for President Trump and

527
00:23:21,920 --> 00:23:24,160
Speaker 3: on behalf of an administration that is implementing the right

528
00:23:24,160 --> 00:23:27,360
Speaker 3: policies to lower taxes, less regulations, stopping Wall Street from

529
00:23:27,359 --> 00:23:31,040
Speaker 3: purchasing single family homes. Trump accounts the deportation of illegal

530
00:23:31,080 --> 00:23:33,280
Speaker 3: aliens who are taking our housing and jobs. There is

531
00:23:33,320 --> 00:23:35,479
Speaker 3: more work to do, which is why Trump and our

532
00:23:35,640 --> 00:23:38,320
Speaker 3: entire administration won't stop fighting to make life better and

533
00:23:38,359 --> 00:23:42,160
Speaker 3: more affordable for young people. So here's why I think

534
00:23:42,480 --> 00:23:46,200
Speaker 3: that's going to fall very very deaf. She explicitly said

535
00:23:46,600 --> 00:23:49,520
Speaker 3: that they're lazy with silver spoons because they're a bitching

536
00:23:49,760 --> 00:23:51,000
Speaker 3: about affordability.

537
00:23:51,400 --> 00:23:54,240
Speaker 1: And that's a look. Really, I actually.

538
00:23:54,000 --> 00:23:56,080
Speaker 3: Think it all comes down to housing, and the more

539
00:23:56,160 --> 00:23:58,280
Speaker 3: I meditate on it, the more I talk to people about.

540
00:23:58,040 --> 00:23:59,760
Speaker 4: It, the more radical I get.

541
00:23:59,640 --> 00:24:03,520
Speaker 3: Actually whenever it comes to housing and housing solutions. And

542
00:24:03,920 --> 00:24:07,040
Speaker 3: this is where they just it's funny because they talked

543
00:24:07,080 --> 00:24:10,440
Speaker 3: about it endlessly on the campaign. Inflation, inflation, inflation, inflation, right,

544
00:24:10,480 --> 00:24:13,399
Speaker 3: and inflation because that was remember, it was the bedrock

545
00:24:13,800 --> 00:24:18,040
Speaker 3: of the affordability conversation, which eventually, you know, leads to

546
00:24:18,119 --> 00:24:21,520
Speaker 3: people like Zormumdanni, which is very effectively. Remember his early

547
00:24:21,640 --> 00:24:25,040
Speaker 3: ads about the halal carts making it eight dollars again

548
00:24:25,160 --> 00:24:28,200
Speaker 3: like those that is exactly what people care about the most,

549
00:24:28,240 --> 00:24:31,440
Speaker 3: and it's genuinely what just sucks all the money out

550
00:24:31,480 --> 00:24:35,040
Speaker 3: of any of your disposable income. Because people keep pointing

551
00:24:35,040 --> 00:24:37,040
Speaker 3: to well, people make more money, it's like, well, things

552
00:24:37,040 --> 00:24:38,840
Speaker 3: cost a lot more, right, And then the wage to

553
00:24:38,880 --> 00:24:42,480
Speaker 3: income ratio where the wage to price ratio of housing

554
00:24:42,760 --> 00:24:46,440
Speaker 3: compare it to two thousand, nineteen eighty nineteen seven. I mean,

555
00:24:46,520 --> 00:24:50,879
Speaker 3: it's exponential compared to where things were before. So for

556
00:24:50,960 --> 00:24:53,480
Speaker 3: people who have either student debt or let's say you

557
00:24:53,520 --> 00:24:56,879
Speaker 3: didn't go to college and you're looking at your upward mobility,

558
00:24:57,200 --> 00:24:59,960
Speaker 3: you do not see the same path that your parents.

559
00:25:00,040 --> 00:25:03,639
Speaker 3: That's why so many people live at home with their parents.

560
00:25:03,640 --> 00:25:06,520
Speaker 3: Now that's not the American dream. It might be financially prudent,

561
00:25:06,600 --> 00:25:08,720
Speaker 3: it's not the dream. No, I don't think anybody wants

562
00:25:08,760 --> 00:25:10,440
Speaker 3: to wake up at age twenty nine saying, yeah, I

563
00:25:10,520 --> 00:25:11,480
Speaker 3: live at home, you.

564
00:25:11,400 --> 00:25:12,240
Speaker 4: Know, with mom or dad.

565
00:25:12,280 --> 00:25:14,440
Speaker 1: I have no ability upward mobility.

566
00:25:14,560 --> 00:25:17,800
Speaker 3: I have no ability to even foresee being able to

567
00:25:17,840 --> 00:25:20,320
Speaker 3: buy a home to achieve any sort of independence. And

568
00:25:20,359 --> 00:25:24,040
Speaker 3: then they complain about people saying, you know, falling for

569
00:25:24,720 --> 00:25:27,280
Speaker 3: free stuff or whatever, it's like, well, in some cases,

570
00:25:27,320 --> 00:25:29,359
Speaker 3: part of the reason why you may go in that

571
00:25:29,400 --> 00:25:32,399
Speaker 3: more radical direction is because the middle path, which was

572
00:25:32,480 --> 00:25:34,800
Speaker 3: always told that was going to be achievable for you,

573
00:25:34,800 --> 00:25:38,159
Speaker 3: you know for a fact, is not financially attainable in

574
00:25:38,200 --> 00:25:40,199
Speaker 3: this moment in time, especially if you live in a

575
00:25:40,240 --> 00:25:41,639
Speaker 3: medium the high cost of living area.

576
00:25:42,040 --> 00:25:46,440
Speaker 5: It's incredible to think that Jesse Waters is the lead

577
00:25:46,480 --> 00:25:50,199
Speaker 5: primetime host of the biggest kind of right wing news outlet,

578
00:25:51,000 --> 00:25:54,520
Speaker 5: and Levitt is the spokesperson for the president, the president

579
00:25:54,520 --> 00:25:59,200
Speaker 5: of the United States. So these are effectively the two

580
00:25:59,440 --> 00:26:04,280
Speaker 5: leadings spokespeople for what was sold to the American public

581
00:26:04,840 --> 00:26:06,520
Speaker 5: as a populist movement.

582
00:26:06,840 --> 00:26:09,600
Speaker 3: And not just sold, I mean they it actually worked,

583
00:26:09,720 --> 00:26:12,320
Speaker 3: Like people under one hundred thousand dollars voted for trying right.

584
00:26:12,320 --> 00:26:12,720
Speaker 4: Absolutely.

585
00:26:12,760 --> 00:26:15,160
Speaker 1: That has never happened before with the Republican ever.

586
00:26:15,240 --> 00:26:19,159
Speaker 5: Right, So they successfully sold that to people, and if

587
00:26:19,200 --> 00:26:22,720
Speaker 5: you listen to them now, it is the most bankrupt

588
00:26:22,800 --> 00:26:27,400
Speaker 5: reactionary Like it's just like Midmos just yelling at people

589
00:26:27,400 --> 00:26:30,239
Speaker 5: for being lazy, like are you like, what even is this?

590
00:26:31,920 --> 00:26:35,960
Speaker 4: And also just so like like watching those two intellectual.

591
00:26:35,400 --> 00:26:38,800
Speaker 5: Heavy weights go back and forth like batting around these

592
00:26:38,840 --> 00:26:42,520
Speaker 5: like these high ideas is just kind of uh, well.

593
00:26:42,359 --> 00:26:44,439
Speaker 1: Did you notice that if they complain that we're going

594
00:26:44,480 --> 00:26:45,119
Speaker 1: to send them.

595
00:26:44,960 --> 00:26:47,800
Speaker 4: To Cuba, to Cuban irun Like, come.

596
00:26:47,680 --> 00:26:52,160
Speaker 3: On, that's like Czarist Russia. You know, I could take confescency,

597
00:26:52,240 --> 00:26:54,879
Speaker 3: you send them to the front line or or actually

598
00:26:54,920 --> 00:26:56,520
Speaker 3: even the Communist did it, Stalin did it too.

599
00:26:56,520 --> 00:26:58,080
Speaker 1: It's like, oh, you complain, We're going to send you

600
00:26:58,400 --> 00:26:59,199
Speaker 1: on to the I.

601
00:26:59,200 --> 00:27:01,000
Speaker 5: Meant also a little late on a run. We already

602
00:27:01,000 --> 00:27:03,440
Speaker 5: lost that war. Yeah, right, so where how are you

603
00:27:03,480 --> 00:27:04,119
Speaker 5: gonna say?

604
00:27:04,200 --> 00:27:06,399
Speaker 3: I mean, I do think that this is important because

605
00:27:06,400 --> 00:27:08,640
Speaker 3: you know, this actually triggered a big right wing meltdown

606
00:27:08,720 --> 00:27:09,720
Speaker 3: at least like with.

607
00:27:09,640 --> 00:27:11,960
Speaker 5: A lot of the influencer because they're not who I

608
00:27:12,000 --> 00:27:15,200
Speaker 5: noticed they ripped Levitt personally, yes, because like you married

609
00:27:15,240 --> 00:27:18,320
Speaker 5: some like super rich guy like that Okay, so okay,

610
00:27:18,359 --> 00:27:21,600
Speaker 5: great advice. Everyone go out and marry some super rich

611
00:27:21,640 --> 00:27:25,240
Speaker 5: guy thirty years older than you, like congratulations.

612
00:27:24,320 --> 00:27:27,399
Speaker 4: Like that's like nobody was. I mean, she's very talented

613
00:27:27,760 --> 00:27:28,760
Speaker 4: worker and like blah.

614
00:27:28,600 --> 00:27:32,240
Speaker 1: Blah blah, nobody is judged. Nobody previously to that had

615
00:27:32,280 --> 00:27:34,280
Speaker 1: been making a whole thing about her personal life.

616
00:27:34,359 --> 00:27:36,919
Speaker 3: But you can't be standing on the shoulders of married

617
00:27:37,080 --> 00:27:40,280
Speaker 3: wealth whenever and talk to people and say you're late,

618
00:27:40,280 --> 00:27:42,879
Speaker 3: and that's you know, come on, let's let's all be

619
00:27:42,920 --> 00:27:45,400
Speaker 3: honest here. Like you can google the Press secretary salary

620
00:27:45,440 --> 00:27:47,480
Speaker 3: pretty sure it's one hundred and seventy five grand, which

621
00:27:47,560 --> 00:27:49,040
Speaker 3: here in Washington is just not that a lot of

622
00:27:49,080 --> 00:27:52,080
Speaker 3: money anymore. And I think that's actually what gets to

623
00:27:52,119 --> 00:27:55,240
Speaker 3: it is that even the people who work very, very hard,

624
00:27:55,800 --> 00:27:58,880
Speaker 3: they and make a lot of money, like objectively make

625
00:27:59,000 --> 00:28:01,960
Speaker 3: a lot of money in terms of the American economy,

626
00:28:02,000 --> 00:28:04,760
Speaker 3: even they are struggling, and it's all because of housing.

627
00:28:04,800 --> 00:28:06,159
Speaker 1: And yet Trump I miss this.

628
00:28:06,400 --> 00:28:09,000
Speaker 3: I try to be completely offline, and yet so many

629
00:28:09,040 --> 00:28:10,960
Speaker 3: people sent me this that it was one of the

630
00:28:11,040 --> 00:28:13,480
Speaker 3: few things I actually saw while I was off here.

631
00:28:13,480 --> 00:28:16,440
Speaker 3: It is Trump says he wants to drive housing prices up,

632
00:28:16,680 --> 00:28:17,080
Speaker 3: not down.

633
00:28:17,200 --> 00:28:17,920
Speaker 1: Let's take a listen.

634
00:28:18,200 --> 00:28:20,160
Speaker 6: There's so much talk about, oh, we're going to drive

635
00:28:20,240 --> 00:28:21,400
Speaker 6: housing prices down.

636
00:28:21,640 --> 00:28:23,640
Speaker 4: I don't want to drive housing prices down. I want

637
00:28:23,680 --> 00:28:25,640
Speaker 4: to drive housing prices up. Yeah.

638
00:28:25,680 --> 00:28:27,760
Speaker 3: Great, let's just bail the boomers out even more. You

639
00:28:27,760 --> 00:28:29,239
Speaker 3: know they don't have enough money. You know, we've got

640
00:28:29,240 --> 00:28:30,800
Speaker 3: a pilot more on top of them. Let's just cut

641
00:28:30,800 --> 00:28:33,000
Speaker 3: their property taxes. Let's make it even more unattainable.

642
00:28:33,080 --> 00:28:36,280
Speaker 5: Yeah, Like, people will be sad if their housing prices

643
00:28:36,320 --> 00:28:37,840
Speaker 5: go down.

644
00:28:37,920 --> 00:28:40,160
Speaker 3: I saw a chart going housing prices going down is

645
00:28:40,400 --> 00:28:44,400
Speaker 3: indicative of a healthy condition because and again I get it,

646
00:28:44,440 --> 00:28:46,920
Speaker 3: if you bought your house, it sucks, Okay, but sorry,

647
00:28:46,960 --> 00:28:48,360
Speaker 3: we have a literal national crisis.

648
00:28:48,560 --> 00:28:50,360
Speaker 1: Okay, right now, Yeah, you have a house.

649
00:28:50,480 --> 00:28:52,560
Speaker 3: Whereas if you look at Austin, if you look at

650
00:28:52,600 --> 00:28:55,120
Speaker 3: any of the other metro areas where they permit a

651
00:28:55,160 --> 00:28:58,520
Speaker 3: significant amount of housing, they were able to drop overall

652
00:28:58,520 --> 00:29:01,880
Speaker 3: rents by a lot like thirteen fourteen percent. I'll give

653
00:29:01,880 --> 00:29:03,360
Speaker 3: you a You know one of my friends, she lives

654
00:29:03,360 --> 00:29:06,640
Speaker 3: in New York City. She was posting apartment listing for

655
00:29:06,720 --> 00:29:09,120
Speaker 3: her old apartment in twenty twenty one, which is now

656
00:29:09,160 --> 00:29:12,720
Speaker 3: three times the price today for rent for the same place.

657
00:29:13,160 --> 00:29:15,400
Speaker 3: Nothing else has been done. She's like, I paid X

658
00:29:15,440 --> 00:29:17,040
Speaker 3: and this is what it's now listing for.

659
00:29:17,400 --> 00:29:18,200
Speaker 1: That's insanity.

660
00:29:18,760 --> 00:29:22,120
Speaker 3: And this is the one which is actually app beyond

661
00:29:22,240 --> 00:29:24,880
Speaker 3: nuts and relates to AI. Let's put D four up

662
00:29:24,880 --> 00:29:28,360
Speaker 3: here on the screen in San Francisco. This was alluding

663
00:29:28,400 --> 00:29:32,120
Speaker 3: to even one hundred and eighty grand tech salaries are

664
00:29:32,160 --> 00:29:33,400
Speaker 3: no longer enough.

665
00:29:33,720 --> 00:29:36,760
Speaker 1: If you go and this this blew me away.

666
00:29:37,160 --> 00:29:38,600
Speaker 4: The median home.

667
00:29:38,400 --> 00:29:40,160
Speaker 1: Price in San Francisco, what do you think it is?

668
00:29:40,240 --> 00:29:40,400
Speaker 3: Right?

669
00:29:40,440 --> 00:29:40,840
Speaker 4: Oh god?

670
00:29:40,880 --> 00:29:45,800
Speaker 3: The media is just how's it? San Francisco's median home.

671
00:29:45,720 --> 00:29:47,520
Speaker 4: Press for rent one point five million.

672
00:29:47,560 --> 00:29:52,800
Speaker 3: One point seven million is the median home one point

673
00:29:53,040 --> 00:29:57,240
Speaker 3: seven half of houses. A million dollars is the median

674
00:29:57,560 --> 00:30:01,560
Speaker 3: home price, the national median four hundred and fifty thousand.

675
00:30:01,840 --> 00:30:04,720
Speaker 3: And if you go and you take a look, what

676
00:30:04,760 --> 00:30:08,080
Speaker 3: they see is that the average apartment rent is now

677
00:30:08,160 --> 00:30:11,800
Speaker 3: surpassed New York City, reaching thirty eight hundred a month.

678
00:30:11,880 --> 00:30:13,520
Speaker 4: And that's not a nice apartment.

679
00:30:13,560 --> 00:30:16,520
Speaker 3: So we're talking about the average apartment rent is thirty

680
00:30:16,520 --> 00:30:19,160
Speaker 3: eight hundred a month with the median price at one

681
00:30:19,240 --> 00:30:21,440
Speaker 3: point seven million dollars.

682
00:30:21,720 --> 00:30:24,640
Speaker 1: They specifically point to the AI boom.

683
00:30:24,840 --> 00:30:27,600
Speaker 3: They're like, look, Uber made a lot of people wealthy,

684
00:30:27,800 --> 00:30:30,360
Speaker 3: but this thing is going to make people like.

685
00:30:30,560 --> 00:30:32,200
Speaker 1: Orders of magnitude more wealthy.

686
00:30:32,240 --> 00:30:37,000
Speaker 3: There will be ten thousand new millionaire multimillionaires, ten deca millionaires,

687
00:30:37,240 --> 00:30:40,320
Speaker 3: not to mention, you know, not just trillionaires, like hundreds

688
00:30:40,320 --> 00:30:43,640
Speaker 3: of billionaires like Dario and Sam Altman and all these

689
00:30:43,680 --> 00:30:46,120
Speaker 3: other people, all the you know, even even a junior

690
00:30:46,200 --> 00:30:49,120
Speaker 3: level executive off of these IPOs is going to net

691
00:30:49,160 --> 00:30:53,040
Speaker 3: fifteen to twenty million. So you're talking about insane amounts

692
00:30:53,040 --> 00:30:55,680
Speaker 3: of wealth in this one tiny little city, which is

693
00:30:55,840 --> 00:30:56,560
Speaker 3: Nimbi to hell.

694
00:30:56,840 --> 00:30:58,120
Speaker 4: This is what happens now.

695
00:30:58,240 --> 00:31:01,800
Speaker 3: San Francisco is a very extreme example, but it is

696
00:31:02,000 --> 00:31:04,640
Speaker 3: also the rest of the nation. If you take a

697
00:31:04,680 --> 00:31:08,480
Speaker 3: look at the places which build the least housing, of

698
00:31:08,560 --> 00:31:12,000
Speaker 3: course you see massive increases in home values. And at

699
00:31:12,000 --> 00:31:14,200
Speaker 3: the same time you have the boomers who live in

700
00:31:14,240 --> 00:31:17,240
Speaker 3: those homes. Their only lobbying is to make sure that

701
00:31:17,320 --> 00:31:19,320
Speaker 3: they have to pay less in property tax.

702
00:31:19,360 --> 00:31:20,000
Speaker 1: They don't care.

703
00:31:20,200 --> 00:31:23,960
Speaker 3: In fact, most of them lobby against building any new housing.

704
00:31:24,000 --> 00:31:25,480
Speaker 4: And I am not one.

705
00:31:25,280 --> 00:31:28,840
Speaker 3: Of these yimbie insane people who's like, oh, we should

706
00:31:28,840 --> 00:31:32,800
Speaker 3: just build ugly glass apartments everywhere, Like I don't think

707
00:31:32,840 --> 00:31:35,160
Speaker 3: that's family friendly or any of It's great if you're

708
00:31:35,200 --> 00:31:36,920
Speaker 3: twenty two years old, but if you're thirty two, like,

709
00:31:36,960 --> 00:31:39,200
Speaker 3: what are we doing here? But you know, where's the

710
00:31:39,240 --> 00:31:42,080
Speaker 3: fifteen hundred square foot single family rancher home.

711
00:31:42,280 --> 00:31:43,240
Speaker 1: They don't even exist.

712
00:31:43,560 --> 00:31:46,200
Speaker 3: Nobody builds these. But there's no federal government program. There's

713
00:31:46,240 --> 00:31:48,800
Speaker 3: no state program. If you try to build it in

714
00:31:48,840 --> 00:31:50,840
Speaker 3: a dense neighborhood, God help you.

715
00:31:51,000 --> 00:31:51,560
Speaker 1: The boomers.

716
00:31:51,600 --> 00:31:54,680
Speaker 3: They will do everything to try into torpedo. You know,

717
00:31:54,760 --> 00:31:57,160
Speaker 3: you be about, oh, what about the schools or any

718
00:31:57,240 --> 00:31:59,800
Speaker 3: of that, It's like, shut up, likely you don't even

719
00:31:59,800 --> 00:32:01,600
Speaker 3: care about schools. I just read a great story in

720
00:32:01,600 --> 00:32:05,959
Speaker 3: the Wall Street Journal yesterday boomers who are bragging about

721
00:32:06,120 --> 00:32:08,160
Speaker 3: living in schools that they grew up in. So they're

722
00:32:08,200 --> 00:32:11,160
Speaker 3: taking schools which have been decommissioned because the fertility rate

723
00:32:11,200 --> 00:32:14,840
Speaker 3: has gone down, and now converting the school into luxury apartments.

724
00:32:15,080 --> 00:32:17,240
Speaker 3: And this woman who's like sixty five years old, So

725
00:32:17,320 --> 00:32:18,720
Speaker 3: I grew up here. It's so nice to live here.

726
00:32:18,760 --> 00:32:20,479
Speaker 3: I'm like, yeah, it must be nice for you, all right,

727
00:32:20,880 --> 00:32:22,360
Speaker 3: it's nice for you literally went there.

728
00:32:22,480 --> 00:32:23,880
Speaker 4: She literally went to school there.

729
00:32:23,920 --> 00:32:26,680
Speaker 3: And now it's a luxury apartment for boomers because the

730
00:32:26,680 --> 00:32:29,040
Speaker 3: fertility rate's gone down and because no families can afford

731
00:32:29,040 --> 00:32:31,760
Speaker 3: to live there anymore. That's sick or it's sickness. And

732
00:32:31,760 --> 00:32:33,480
Speaker 3: guess why, I bet you should be lobbying for to

733
00:32:33,560 --> 00:32:35,360
Speaker 3: drop property text not just you.

734
00:32:35,280 --> 00:32:37,240
Speaker 1: Know that one particular one enraged me.

735
00:32:37,360 --> 00:32:39,240
Speaker 4: Your property taxes go down if you're home value.

736
00:32:39,280 --> 00:32:41,920
Speaker 3: Yeah, yeah, yeah, exactly, there you got that you could

737
00:32:41,920 --> 00:32:44,360
Speaker 3: think about that. I don't know, I mean just it

738
00:32:44,760 --> 00:32:48,360
Speaker 3: genuinely enrages me because you know, we you know, we

739
00:32:48,400 --> 00:32:49,760
Speaker 3: meet a lot of people who do this, you know,

740
00:32:50,080 --> 00:32:51,760
Speaker 3: who watch the show and all of a sudden and

741
00:32:51,800 --> 00:32:53,360
Speaker 3: this is the number one thing we'll always talk about

742
00:32:53,360 --> 00:32:54,040
Speaker 3: every lockdown.

743
00:32:54,120 --> 00:32:56,120
Speaker 1: Everybody is locked out. They're like, man, how's it?

744
00:32:56,360 --> 00:32:58,800
Speaker 3: And you know, you know when people pull in, they

745
00:32:58,840 --> 00:33:00,600
Speaker 3: you know, they profile people in the story who are

746
00:33:00,640 --> 00:33:03,120
Speaker 3: making like four hundred thousand dollars in San Francisco and

747
00:33:03,120 --> 00:33:05,400
Speaker 3: they're like, can't afford it, literally can't afford it. They're like,

748
00:33:05,640 --> 00:33:09,000
Speaker 3: they applied for a five thousand dollars a month apartment

749
00:33:09,320 --> 00:33:11,040
Speaker 3: and there were thirty eight people will apply to the

750
00:33:11,080 --> 00:33:11,520
Speaker 3: same day.

751
00:33:11,880 --> 00:33:15,400
Speaker 1: Yeah, five thout sixty thousand a year in rent. Can't

752
00:33:15,400 --> 00:33:15,840
Speaker 1: afford it.

753
00:33:15,920 --> 00:33:17,920
Speaker 3: I mean, Mike, they're like, oh, well, maybe I need

754
00:33:17,960 --> 00:33:20,080
Speaker 3: to move or we got to do long distance. I mean,

755
00:33:20,280 --> 00:33:23,120
Speaker 3: ruins your life. And especially with now you've got in

756
00:33:23,120 --> 00:33:27,240
Speaker 3: person work mandates which are ratcheting up in tech, especially

757
00:33:27,560 --> 00:33:29,240
Speaker 3: who are all lucky to have a job in the

758
00:33:29,280 --> 00:33:32,760
Speaker 3: middle of AI. So they have no negotiating or bargaining

759
00:33:32,800 --> 00:33:35,680
Speaker 3: power whenever it comes to a worker. So yeah, I

760
00:33:35,960 --> 00:33:39,440
Speaker 3: have become extremely radical on the housing issue and watching

761
00:33:39,520 --> 00:33:42,200
Speaker 3: things like that when people are either drowning in student

762
00:33:42,240 --> 00:33:45,240
Speaker 3: loan debt, credit card debt, with no you know, upward

763
00:33:45,280 --> 00:33:48,080
Speaker 3: mobility whenever it comes to wages and a median home

764
00:33:48,080 --> 00:33:50,120
Speaker 3: price of four hundred and fifty k, and if you

765
00:33:50,160 --> 00:33:53,640
Speaker 3: look at the median home price ratio to income compared

766
00:33:53,720 --> 00:33:55,960
Speaker 3: again to twenty years ago, like, you've got no business

767
00:33:56,000 --> 00:33:58,320
Speaker 3: telling anybody that they're lazy with the silver spoon.

768
00:33:58,360 --> 00:34:00,640
Speaker 5: Well, this is a huge crisis. Is actually a good

769
00:34:00,680 --> 00:34:04,520
Speaker 5: transition to our next segment. Let's see how the political

770
00:34:04,560 --> 00:34:08,080
Speaker 5: system is responding to this existential crisis that so many

771
00:34:08,120 --> 00:34:11,920
Speaker 5: people are facing. And let's let's get to with the

772
00:34:12,040 --> 00:34:18,480
Speaker 5: former Senate majority leader is doing. We haven't heard much

773
00:34:18,920 --> 00:34:20,799
Speaker 5: about Senator Mitch McConnell lately.

774
00:34:20,880 --> 00:34:22,520
Speaker 4: Let's throw this up here.

775
00:34:22,680 --> 00:34:27,719
Speaker 5: According to the Associated Press, he's continuing his recovery, but

776
00:34:27,880 --> 00:34:33,440
Speaker 5: details are scarce after a lengthy hospital stay. Sager, I

777
00:34:33,520 --> 00:34:36,920
Speaker 5: think the word recovery there is doing an awful lot

778
00:34:36,920 --> 00:34:39,960
Speaker 5: of work because, as you and I and probably our

779
00:34:40,040 --> 00:34:46,719
Speaker 5: viewers understand, the word recovery. It suggests that matter some

780
00:34:46,760 --> 00:34:51,000
Speaker 5: physical therapy going on. There's there's you're you're working toward

781
00:34:51,080 --> 00:34:55,640
Speaker 5: recovering your health or some some version of it. That

782
00:34:55,680 --> 00:34:58,200
Speaker 5: does not seem to remotely be the case. It's put

783
00:34:58,239 --> 00:35:01,880
Speaker 5: up a two here. So what happen is that Mitch

784
00:35:02,000 --> 00:35:07,840
Speaker 5: McConnell suffered a heart attack at home on June fourteenth,

785
00:35:07,719 --> 00:35:14,799
Speaker 5: when when paramedics finally got there, they immediately began performing CPR.

786
00:35:16,320 --> 00:35:19,400
Speaker 5: CPR was you know, they continue to perform CPR on

787
00:35:19,480 --> 00:35:23,759
Speaker 5: his way in. If you have a heart attack and

788
00:35:24,719 --> 00:35:28,280
Speaker 5: you're at home at McConnell's age, and by the time

789
00:35:29,960 --> 00:35:33,960
Speaker 5: ems gets there and they find you unresponsive and begin CPR,

790
00:35:34,920 --> 00:35:39,279
Speaker 5: your brain by that point has been without oxygen for

791
00:35:39,320 --> 00:35:42,960
Speaker 5: so long that the likelihood of you kind of recovering

792
00:35:43,360 --> 00:35:46,879
Speaker 5: consciousness is just vanishingly low.

793
00:35:47,560 --> 00:35:48,560
Speaker 1: He's eighty four years old.

794
00:35:49,040 --> 00:35:49,960
Speaker 4: Eighty four years old.

795
00:35:50,880 --> 00:35:55,040
Speaker 5: There's no evidence that he has regained consciousness at any

796
00:35:55,040 --> 00:35:56,200
Speaker 5: point since since then.

797
00:35:56,360 --> 00:36:00,000
Speaker 3: Here's what his spokesperson says. Senator McConnell is still worse

798
00:36:00,200 --> 00:36:03,239
Speaker 3: closely with staff on Senate business and Kentucky matters as

799
00:36:03,239 --> 00:36:06,320
Speaker 3: he continues his recovery. However, he will not be voting

800
00:36:06,360 --> 00:36:09,239
Speaker 3: this week. That was his spokesperson, David pop And that

801
00:36:09,719 --> 00:36:12,040
Speaker 3: was actually given on July first, so that was six

802
00:36:12,120 --> 00:36:14,239
Speaker 3: days ago. As of what you said now, the more

803
00:36:14,239 --> 00:36:17,120
Speaker 3: recent one is that he is continuing his recovery. They

804
00:36:17,160 --> 00:36:21,080
Speaker 3: offered no explanation of his conditions. Really well, look, I

805
00:36:21,080 --> 00:36:24,200
Speaker 3: mean part in the old days, maybe you could take

806
00:36:24,239 --> 00:36:27,759
Speaker 3: that to the bank in a post Dianne Feinstein world.

807
00:36:28,400 --> 00:36:31,680
Speaker 3: Come on, all right, we all saw it, We watched it.

808
00:36:31,960 --> 00:36:33,680
Speaker 3: Who was it who leaned over and was like, just

809
00:36:33,760 --> 00:36:37,000
Speaker 3: vote yes. I couldn't believe that. And she looked, look

810
00:36:37,040 --> 00:36:39,160
Speaker 3: at the way that she looked, and she died a

811
00:36:39,200 --> 00:36:42,279
Speaker 3: week later. It was disgraceful that they did that to her,

812
00:36:42,320 --> 00:36:45,080
Speaker 3: that her staff sat around and dealt with, I mean

813
00:36:45,239 --> 00:36:49,000
Speaker 3: all of it like it was outrageous. And the circumstances

814
00:36:49,040 --> 00:36:51,360
Speaker 3: of this are nuts because this is the United States Senator,

815
00:36:51,680 --> 00:36:55,920
Speaker 3: an extremely powerful person who you know, if he's incapacitated,

816
00:36:56,239 --> 00:37:00,080
Speaker 3: then his people should say so, maybe even his wife.

817
00:37:00,160 --> 00:37:02,600
Speaker 1: And yet let's put this next one up here on

818
00:37:02,600 --> 00:37:02,960
Speaker 1: the screen.

819
00:37:03,520 --> 00:37:08,480
Speaker 3: She is in China meeting with senior members of the

820
00:37:08,520 --> 00:37:14,200
Speaker 3: CCP after his hospitalization. Three days after he received CPR,

821
00:37:14,719 --> 00:37:18,880
Speaker 3: Elaine Choo is now currently in Beijing and met with

822
00:37:18,920 --> 00:37:23,600
Speaker 3: the Chinese Vice president days after hospitalization. Chinese media shows

823
00:37:23,680 --> 00:37:29,080
Speaker 3: Chow sitting across from Jiang on June seventeenth, discussing efforts

824
00:37:29,120 --> 00:37:33,560
Speaker 3: to strengthen China US relations. Remember, you'll recall if you've

825
00:37:33,600 --> 00:37:35,720
Speaker 3: been watching the show for a long time, Elaine Choo

826
00:37:35,960 --> 00:37:40,000
Speaker 3: is the daughter of some Taiwanese shipping billionaire who is

827
00:37:40,040 --> 00:37:43,839
Speaker 3: extremely close to the Chinese Chinese Communist Party. The entire

828
00:37:43,840 --> 00:37:47,600
Speaker 3: thing has always been objectively bonkers whenever it comes to

829
00:37:47,960 --> 00:37:51,239
Speaker 3: his wealth or his power and her extraordinary wealth and

830
00:37:51,280 --> 00:37:54,839
Speaker 3: ties to a foreign government. But I mean, who does that?

831
00:37:55,000 --> 00:37:58,120
Speaker 3: Like your your husband's in the hospital and you're in China.

832
00:37:58,560 --> 00:38:02,359
Speaker 3: What's going on there? No nation like the point about this.

833
00:38:02,520 --> 00:38:04,359
Speaker 3: You know, we're just talking about the housing thing. They

834
00:38:04,560 --> 00:38:07,879
Speaker 3: just feel it's our business. You have, You have no

835
00:38:08,000 --> 00:38:08,920
Speaker 3: right to question it.

836
00:38:09,160 --> 00:38:09,640
Speaker 1: Did you see?

837
00:38:09,960 --> 00:38:12,880
Speaker 3: Remember we talked about that congressman who is missing for

838
00:38:12,920 --> 00:38:15,520
Speaker 3: like three months and nobody said where he was, his

839
00:38:15,560 --> 00:38:17,360
Speaker 3: staff and jersey.

840
00:38:17,400 --> 00:38:18,480
Speaker 1: He said, I had depression.

841
00:38:19,280 --> 00:38:20,360
Speaker 4: You can't take three.

842
00:38:20,200 --> 00:38:22,680
Speaker 3: Months of work, bro, Just tell us that, Just say

843
00:38:22,800 --> 00:38:26,120
Speaker 3: I'm deeply depressed. I couldn't work. I mean to be

844
00:38:26,160 --> 00:38:28,560
Speaker 3: honest with you, Like that's outrageous. I mean, how many

845
00:38:28,600 --> 00:38:30,680
Speaker 3: blue collar guys do you think are depressed and they

846
00:38:30,680 --> 00:38:32,920
Speaker 3: don't want to they don't get three months off. I

847
00:38:32,960 --> 00:38:35,719
Speaker 3: couldn't take three months off. You know that I had

848
00:38:35,719 --> 00:38:38,160
Speaker 3: a baby. I took one month off. Right, that's a

849
00:38:38,320 --> 00:38:41,680
Speaker 3: much more. That's that's reasonable. And you know, I get know,

850
00:38:41,880 --> 00:38:43,439
Speaker 3: we own the company. I guess I could do whatever

851
00:38:43,440 --> 00:38:43,719
Speaker 3: I want.

852
00:38:43,760 --> 00:38:47,040
Speaker 4: I wouldn't do that, but it was day right.

853
00:38:47,080 --> 00:38:51,000
Speaker 3: I mean, he's depressed, he's too depressed to work. I mean,

854
00:38:51,400 --> 00:38:54,640
Speaker 3: that's okay if it's true, but you know, I don't know.

855
00:38:54,719 --> 00:38:57,480
Speaker 3: I mean, is that should that really be tolerable? Like

856
00:38:57,520 --> 00:39:00,000
Speaker 3: maybe you should resign? Should the people of your district

857
00:39:00,280 --> 00:39:03,520
Speaker 3: just have three months of no representation? And you know

858
00:39:03,600 --> 00:39:06,319
Speaker 3: that's a crazy case, But in this particular case, it's like,

859
00:39:07,120 --> 00:39:10,080
Speaker 3: so the wife offers no update, the senator offers no update,

860
00:39:10,239 --> 00:39:12,399
Speaker 3: the staff for apparently just thinks that we can all

861
00:39:12,400 --> 00:39:15,200
Speaker 3: live in limbo for twenty one days and just say, yeah,

862
00:39:15,719 --> 00:39:18,239
Speaker 3: he's recovering, and we have no idea whether any of

863
00:39:18,239 --> 00:39:20,920
Speaker 3: that is true. There's no proof, proof of any path

864
00:39:20,960 --> 00:39:23,240
Speaker 3: to recovery. And so look, there's all kinds of rumors

865
00:39:23,239 --> 00:39:25,560
Speaker 3: that are circulating out there. Thomas Massey, let's put his

866
00:39:25,760 --> 00:39:29,160
Speaker 3: tweet up here on the screen. He says, is America

867
00:39:29,239 --> 00:39:32,920
Speaker 3: ready for my term limit legislation titled three strokes and

868
00:39:32,960 --> 00:39:38,600
Speaker 3: You're out? I'm with you, Thomas. I am totally like

869
00:39:40,120 --> 00:39:43,480
Speaker 3: stroke you know, a modest proposal, just three strokes, you know,

870
00:39:43,640 --> 00:39:45,160
Speaker 3: just not one, not two, but three.

871
00:39:45,200 --> 00:39:48,759
Speaker 1: You have three strikes and you're out. It's crazy. The entitlement.

872
00:39:48,960 --> 00:39:52,160
Speaker 3: He's an eighty four year old man, literally went on camera,

873
00:39:52,440 --> 00:39:53,040
Speaker 3: can't speak.

874
00:39:53,160 --> 00:39:54,239
Speaker 1: What are his children doing?

875
00:39:54,400 --> 00:39:57,120
Speaker 3: You know, you don't say anything, Your wife, your family,

876
00:39:57,160 --> 00:39:59,080
Speaker 3: Nobody says like, hey, you got to hang it up.

877
00:39:59,200 --> 00:40:01,239
Speaker 3: I remember saying this was I go, does anybody love

878
00:40:01,280 --> 00:40:03,960
Speaker 3: this man? If you really love somebody, how could you

879
00:40:04,000 --> 00:40:06,120
Speaker 3: let them do that? You know, out in public, it's

880
00:40:06,160 --> 00:40:11,000
Speaker 3: just again the gerontocracy. They're clinging to power. They're narcissism.

881
00:40:11,480 --> 00:40:15,279
Speaker 3: How the office serves them, they are never about serving you.

882
00:40:15,360 --> 00:40:17,799
Speaker 1: It's all on display in now.

883
00:40:17,840 --> 00:40:24,520
Speaker 5: If McConnell is incapacitated or does die, then under Kentucky law,

884
00:40:24,560 --> 00:40:25,840
Speaker 5: there would have to be a special election.

885
00:40:25,920 --> 00:40:28,320
Speaker 4: They change their rules back in I think.

886
00:40:28,160 --> 00:40:32,239
Speaker 5: Twenty twenty four to strip the governor right, because they

887
00:40:32,239 --> 00:40:35,760
Speaker 5: had a democratic governor. So they said, if there's a vacancy,

888
00:40:35,760 --> 00:40:38,800
Speaker 5: there has to be a special election, no gubernatorial appointments

889
00:40:39,360 --> 00:40:42,680
Speaker 5: and so. And this was when McConnell's health was failing

890
00:40:42,719 --> 00:40:47,200
Speaker 5: then too. This was understood to be about McConnell. So

891
00:40:47,360 --> 00:40:50,480
Speaker 5: if he is incapacitator dead, there have to be a

892
00:40:50,520 --> 00:40:53,920
Speaker 5: special election. And that's where Thomas Massey comes back in

893
00:40:54,200 --> 00:40:57,080
Speaker 5: because he would be able to mount a short term

894
00:40:57,280 --> 00:41:00,240
Speaker 5: kind of independent campaign. You know, it's you know, everybody

895
00:41:00,320 --> 00:41:03,960
Speaker 5: running in the same field, and that could draw votes

896
00:41:03,960 --> 00:41:06,080
Speaker 5: away from the Republican and elected Democrat. You could even

897
00:41:06,120 --> 00:41:09,560
Speaker 5: plausibly see the world in which Massy won. Now he'd

898
00:41:09,560 --> 00:41:12,040
Speaker 5: only be in office for a couple of months. McConnell

899
00:41:12,160 --> 00:41:14,480
Speaker 5: is not running for reelection. His term is up at

900
00:41:14,520 --> 00:41:17,680
Speaker 5: the end of twenty twenty six to early twenty twenty seven.

901
00:41:18,800 --> 00:41:22,000
Speaker 5: But if McConnell is kind of on some sort of

902
00:41:22,280 --> 00:41:25,440
Speaker 5: life support and being kept alive to keep Massy out

903
00:41:25,480 --> 00:41:28,680
Speaker 5: of office or out from running, that is exactly what

904
00:41:28,880 --> 00:41:32,000
Speaker 5: Mitch McConnell would want, oh absolutely, So that is that

905
00:41:32,080 --> 00:41:36,480
Speaker 5: is it is the dying wishes to make some petty

906
00:41:36,520 --> 00:41:39,120
Speaker 5: partisan move with his ailing body.

907
00:41:39,320 --> 00:41:42,840
Speaker 3: His dying wishes are to I don't know, like fund

908
00:41:42,960 --> 00:41:45,799
Speaker 3: Ukraine for un till the end of time, and to

909
00:41:45,840 --> 00:41:48,759
Speaker 3: block Massy from look again. You know, I don't want

910
00:41:48,760 --> 00:41:50,880
Speaker 3: to be smirch an eighty four year old man who

911
00:41:51,000 --> 00:41:54,080
Speaker 3: is you know, in bad health. But that's why you

912
00:41:54,120 --> 00:41:57,200
Speaker 3: should have left a long time ago, right. You made

913
00:41:57,239 --> 00:41:59,960
Speaker 3: it our business man. You are the person who made

914
00:42:00,520 --> 00:42:02,440
Speaker 3: all of this our business. You could have left with dignity.

915
00:42:02,440 --> 00:42:04,680
Speaker 4: It ran for re elections. You ran for reelection you.

916
00:42:04,640 --> 00:42:06,080
Speaker 1: Were seventy eight years old.

917
00:42:06,160 --> 00:42:09,840
Speaker 3: That is disgraceful, especially whenever you were already having lingering

918
00:42:10,120 --> 00:42:13,360
Speaker 3: health problems and you had multiple health incidents on camera

919
00:42:13,640 --> 00:42:14,840
Speaker 3: and still stayed in office.

920
00:42:15,360 --> 00:42:15,960
Speaker 1: It's crazy.

921
00:42:16,080 --> 00:42:18,400
Speaker 4: So don't you want to do anything else with your life?

922
00:42:18,640 --> 00:42:20,840
Speaker 3: I kept thinking about that in main with Susan Collins,

923
00:42:21,000 --> 00:42:22,000
Speaker 3: because how old is she now?

924
00:42:22,000 --> 00:42:23,200
Speaker 1: She's like seventy something.

925
00:42:24,120 --> 00:42:27,160
Speaker 3: She had previously pledged. What if she had pledged only

926
00:42:27,160 --> 00:42:29,279
Speaker 3: two terms. I'm telling you god, this is.

927
00:42:29,320 --> 00:42:32,000
Speaker 4: It's just seventy three, seventy three, this is one six

928
00:42:32,000 --> 00:42:32,439
Speaker 4: more years.

929
00:42:32,440 --> 00:42:34,160
Speaker 1: One of the most gorgeous.

930
00:42:33,560 --> 00:42:36,080
Speaker 3: Places in the world in my opinion, just my opinion,

931
00:42:36,360 --> 00:42:39,080
Speaker 3: And I'm like and she she's a multimillionaire. I have

932
00:42:39,120 --> 00:42:43,120
Speaker 3: to assume because they all retire. She gets crazy out

933
00:42:43,120 --> 00:42:43,560
Speaker 3: of yourself.

934
00:42:43,719 --> 00:42:47,919
Speaker 1: Some lobster, you know, some oysters. What else do you need?

935
00:42:48,640 --> 00:42:51,320
Speaker 3: It's like you got sunshine. It's like you're in the

936
00:42:51,320 --> 00:42:53,000
Speaker 3: middle of the was going to hike every single day.

937
00:42:53,160 --> 00:42:54,880
Speaker 4: Go see the world. Not on a codel. Yeah, go

938
00:42:55,480 --> 00:42:56,040
Speaker 4: see the world.

939
00:42:56,120 --> 00:42:57,560
Speaker 1: You can even fly first class.

940
00:42:57,680 --> 00:42:59,440
Speaker 4: You don't even fly com she can fly.

941
00:43:00,000 --> 00:43:00,880
Speaker 1: He's so rich, she could fly.

942
00:43:00,960 --> 00:43:01,319
Speaker 4: Prom it.

943
00:43:01,560 --> 00:43:04,480
Speaker 1: She could see the world at vacation every summer in Maine.

944
00:43:04,600 --> 00:43:07,799
Speaker 4: But that needs to be a lockstep. That's the psychology. Yeah, right,

945
00:43:07,840 --> 00:43:10,600
Speaker 4: and be very concerned about all what is the.

946
00:43:10,520 --> 00:43:13,719
Speaker 1: Psychology of these people? But that's it. They're marching.

947
00:43:14,080 --> 00:43:17,040
Speaker 5: Narcissist Tom Harkin, who I actually I would have on

948
00:43:17,080 --> 00:43:17,640
Speaker 5: the show soon.

949
00:43:17,719 --> 00:43:18,520
Speaker 1: Who's Iowa?

950
00:43:18,640 --> 00:43:20,040
Speaker 4: All right? Yeah? Iowa senator?

951
00:43:20,160 --> 00:43:21,680
Speaker 1: Yeah? Who is the leader?

952
00:43:22,040 --> 00:43:24,919
Speaker 4: American hero? Well he ran for president? Was he ever leader?

953
00:43:24,920 --> 00:43:27,719
Speaker 4: I don't know, I don't know. He was very lion

954
00:43:27,760 --> 00:43:28,320
Speaker 4: of the Senate.

955
00:43:28,680 --> 00:43:31,839
Speaker 5: And in twenty fourteen he's like, you know what, I

956
00:43:31,920 --> 00:43:33,400
Speaker 5: want to retire and my wife and I are going

957
00:43:33,440 --> 00:43:37,360
Speaker 5: to sail around the world. And it cost Democrats to see.

958
00:43:37,400 --> 00:43:38,920
Speaker 5: But you know, good for Tom lock.

959
00:43:39,320 --> 00:43:40,840
Speaker 4: In retrospect, heroic.

960
00:43:41,120 --> 00:43:44,120
Speaker 5: Honestly, Joni Arns is only senator because of that decision.

961
00:43:45,000 --> 00:43:46,480
Speaker 1: Was that's right, that's right, because it was in the

962
00:43:46,480 --> 00:43:48,839
Speaker 1: tea party time. Okay, interesting, all.

963
00:43:48,800 --> 00:43:51,120
Speaker 3: Right, good Bro show. Ryan, the people will have another

964
00:43:51,160 --> 00:43:52,960
Speaker 3: bro show tomorrow, so we will see you all. Then

965
00:43:52,960 --> 00:43:54,000
Speaker 3: we're about to go do our Ama.

966
00:43:54,360 --> 00:44:03,520
Speaker 4: So there we go, Bo to puish