Latest / Breaking Points with Krystal and Saagar / 7/7/26: AI CEOs Panic Over Job Losses, WH Press Sec Attacks GenZ As Lazy, McConnell Still Missing After Heart Attack

Transcript

7/7/26: AI CEOs Panic Over Job Losses, WH Press Sec Attacks GenZ As Lazy, McConnell Still Missing After Heart Attack · Breaking Points with Krystal and Saagar

0:00
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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
0:35
Speaker 3: this one up here on the screen. Very interesting story
0:38
Speaker 3: here from notice an internal Treasury Department warning is warning
0:43
Speaker 3: about the dangers of AI. So there's a draft report
0:46
Speaker 3: that allegedly exists inside of the Treasury Department. It is
0:49
Speaker 3: set to warn the risk posed by an artificial intelligence
0:52
Speaker 3: market it liking key aspects of it to dot com
0:55
Speaker 3: that upended the US economy in the early two thousands.
0:58
Speaker 3: The document, the existence contents of which have not been
1:01
Speaker 3: previously reported, is actually a huge departure from the public
1:04
Speaker 3: tone of the administration, which is part of why it's
1:07
Speaker 3: actually important.
1:08
Speaker 1: So here's what they write.
1:09
Speaker 3: Career Treasury analysts found that AI firms are more deeply
1:13
Speaker 3: entrenched in the US economy than their dot com predecessors
1:17
Speaker 3: and pose significant risk to the entire system if financial
1:21
Speaker 3: conditions change, productivity goals are missed, or various choke motes,
1:25
Speaker 3: choke points steymi growth, a downturn in the AI market
1:29
Speaker 3: would send shockwaves throughout the entire economic ecosystem. The report
1:33
Speaker 3: concludes an AI bubble popping would lead to less of
1:36
Speaker 3: an immediate crash than the US economy experience in the
1:39
Speaker 3: early two thousands, but that the companies would cut back,
1:42
Speaker 3: investors would lose confidence, and the economy would likely grow
1:45
Speaker 3: more slowly should the industry falter quote stock markets, private
1:50
Speaker 3: credit markets, companies financing data center buildouts, cloud providers, chip manufacturers,
1:54
Speaker 3: and utilities would.
1:55
Speaker 1: All feel the effects.
1:57
Speaker 3: Trump administration officials have never voiced similar unease in public,
2:01
Speaker 3: and a Treasury Department spokesperson dismissed the findings as quote,
2:05
Speaker 3: unvetted and not representative of the agency's policy or views.
2:10
Speaker 3: Quote the official position of the Secretary and the US
2:12
Speaker 3: Treasury is that artificial intelligence will be a key driver
2:15
Speaker 3: of America's.
2:16
Speaker 1: New Golden age.
2:17
Speaker 4: So they're betting the farm.
2:20
Speaker 3: This is basically who's who's president dot Com? Was it
2:23
Speaker 3: Clinton or Bush?
2:24
Speaker 4: Well? Probably?
2:25
Speaker 3: Oh it was Clinton, right, So when I think about it,
2:26
Speaker 3: so it is Clinton. I guess it's a different because
2:28
Speaker 3: he was completely on.
2:29
Speaker 4: The way different crashes.
2:30
Speaker 5: Yeah, in March two thousand is really when it starts
2:33
Speaker 5: the down.
2:33
Speaker 4: Yeah.
2:34
Speaker 3: But if Clinton, I guess Clinton had a future or
2:37
Speaker 3: al Gore or somebody would be like, the future of
2:39
Speaker 3: our economy may probably does mean it.
2:40
Speaker 4: Was right, the future the econ. It's interesting.
2:42
Speaker 5: The future of the economy was the internet, right, but
2:44
Speaker 5: in twenty fourteen, and just like the railroads later, the
2:46
Speaker 5: future was the railroad. Yeah, but twenty years later the canals. Uh,
2:51
Speaker 5: the railroads kind of eclipsed the canals.
2:53
Speaker 3: What I think is interesting is basically just the because
2:55
Speaker 3: it's we've all been saying this, everybody knows it to
2:58
Speaker 3: be true.
2:59
Speaker 1: Doesn't take a genius to figure it out.
3:01
Speaker 3: However, having an internal report here which warns about this
3:05
Speaker 3: against your public positioning. This is the type of stuff
3:07
Speaker 3: which can come back to bite you. In the ass, right,
3:09
Speaker 3: Because it's kind of like, if I'm thinking back to
3:12
Speaker 3: remember the bin Laden in two thousand and one, how
3:15
Speaker 3: Bush received that briefing in August two thousand and one,
3:18
Speaker 3: it was like bin Laden determined to attack the United States.
3:20
Speaker 3: It was totally dismissed at the time, routine part of
3:23
Speaker 3: the CIA briefing. But then the nine eleven COMMISSI happens
3:26
Speaker 3: to people were like, hey, oh my god, how could
3:27
Speaker 3: you have done this? Or let's say in two thousand
3:30
Speaker 3: and eight, nobody, I can guarantee you. At the time
3:33
Speaker 3: of what was a glass Stegal repeal, nobody said a word,
3:37
Speaker 3: right nobody noway's paying attention. They were like, yeah, whatever,
3:39
Speaker 3: rubber stamp, it is what it is. After eight, everybody's like,
3:43
Speaker 3: how did this happen? So I think that this is
3:45
Speaker 3: an example I think of what the future will look like.
3:48
Speaker 3: And you know, having a draft report like this which
3:51
Speaker 3: you dismissed, I mean it's a scandal, right because you're saying, Wow,
3:54
Speaker 3: you guys knew that this was a problem.
3:55
Speaker 1: You didn't do anything to cap any the problems.
3:58
Speaker 3: You had these career analysts who were warning you this,
4:00
Speaker 3: this and this right now, it's all gravy.
4:03
Speaker 1: I mean, let me check.
4:04
Speaker 3: You know, where are we at today, AGEAH S and
4:07
Speaker 3: P futures and this is pretty high.
4:09
Speaker 1: Yeah, the S and P.
4:10
Speaker 3: Is still up by ten percent year to date, even
4:12
Speaker 3: though we had a massive, you know, Iran war, horrific
4:16
Speaker 3: situation in the last year. It's up by twenty one percent.
4:18
Speaker 3: We're a full boom bowl market and it's like five
4:20
Speaker 3: years and the S and P is up seventy two percent, right,
4:24
Speaker 3: So that's insanity. So everybody's in you know, it's just
4:27
Speaker 3: like the good times. But I was reading a little
4:29
Speaker 3: bit about dot com several I think it was a
4:32
Speaker 3: year or two ago, and I did not realize, you know,
4:34
Speaker 3: if you would invest it at the top of dot com,
4:37
Speaker 3: the market did not reach that high again until like
4:39
Speaker 3: twenty thirteen. So thirteen years of a black hole. You're like,
4:43
Speaker 3: oh my god. So, I mean America has not been
4:46
Speaker 3: through anything like that. Basically we had that and then
4:49
Speaker 3: eight and eight. You know, even in terms of the recovery,
4:52
Speaker 3: it's not the recovery I think that we wanted. So
4:55
Speaker 3: the fear here Ryan is I think what they talk
4:58
Speaker 3: about on the back end, it's not about the AI
5:01
Speaker 3: companies going bust. It's that everybody. All the GDP spend
5:04
Speaker 3: is AI. The data center built out is AI. A
5:07
Speaker 3: lot of the you know, big tech companies which compromise
5:10
Speaker 3: all of the S and P five hundreds to everybody's
5:12
Speaker 3: retirement accounts is all in Nvidia and Google, in Meta
5:15
Speaker 3: and all of these other companies whose entire bet is
5:17
Speaker 3: on AI. I mean, Tesla is now trying to do AI.
5:20
Speaker 3: SpaceX is an AI company. It's not a rocket company, right,
5:23
Speaker 3: you know, their biggest driver right now is like selling
5:27
Speaker 3: Compute to Anthropic, and then Anthropic and Open AI alone
5:30
Speaker 3: are both going to be two trillion dollars collectively when
5:33
Speaker 3: they go I PO. So all of that is just
5:36
Speaker 3: going to make up such a huge part of the
5:38
Speaker 3: economy where you're exposed no matter what, like, no matter
5:41
Speaker 3: what you do, no matter what business you're in. And
5:43
Speaker 3: then that kind of capital crunch which will come in
5:45
Speaker 3: if there's a downturn, it will have serious, serious problems
5:48
Speaker 3: for everybody.
5:49
Speaker 5: Yeah, and AI is here to stay. AI is gonna sure,
5:54
Speaker 5: like you, for better or for worse. But the idea
5:58
Speaker 5: that there won't be some pullback right at minutes, that's
6:02
Speaker 5: like what I would rather hear from a Treasury secretary
6:05
Speaker 5: is like, yes, when when we have these massive shifts
6:10
Speaker 5: in our economy, there is always and that Zuckerberg has
6:14
Speaker 5: said this himself, like he's like, yes, there will be
6:17
Speaker 5: some multi hundred billion dollar investments that will be a.
6:20
Speaker 4: Mistake and that will vanish.
6:22
Speaker 1: Yeah, he literally said that.
6:23
Speaker 5: It's like, okay, fine, at least you're at least you're
6:25
Speaker 5: clear headed about how in saying this is uh, you
6:31
Speaker 5: you want to hear if it's whether it's a railroad
6:34
Speaker 5: boom or you know, the internet one that you're planning
6:39
Speaker 5: for the pullback and here, okay, there's going to be
6:42
Speaker 5: a pullback, and here's how we're going to make sure
6:44
Speaker 5: we get a soft landing US for the entire global economy.
6:48
Speaker 5: You don't want to hear. Actually, it's going to be fine.
6:51
Speaker 5: The number is just going to keep going up and
6:53
Speaker 5: up and up.
6:54
Speaker 1: Yeah, exactly.
6:54
Speaker 4: That's hird because everyone else.
6:55
Speaker 5: It was like, why would that be the why would
6:58
Speaker 5: be the first time in history?
7:00
Speaker 4: Yeah, that that is going to happen.
7:02
Speaker 3: Right, I was reading I don't I'm not a trader.
7:04
Speaker 3: I don't know the exact you know, the exact details,
7:08
Speaker 3: but I was reading about this new financial product which
7:11
Speaker 3: cal She offers, which is like a highly leveraged liquid
7:15
Speaker 3: options market, which offers more leverage than a traditional Wall
7:19
Speaker 3: Street bang, and I.
7:20
Speaker 4: Was like, oh, what could go wrong?
7:21
Speaker 3: And they were like this is the biggest growth center
7:23
Speaker 3: of our company sports betting.
7:24
Speaker 4: And I was like, uh, seems bad.
7:27
Speaker 1: You know.
7:27
Speaker 4: I was like, isn't that illegal? Nothing's illegal now we're
7:31
Speaker 4: just the sec on like, it's.
7:33
Speaker 3: Not regulated by that, it's regulated by CFTC. So it's
7:35
Speaker 3: like it's so different, you know, financial product, but this
7:37
Speaker 3: is the same thing.
7:38
Speaker 1: I mean, you know, we it just like is it.
7:39
Speaker 4: Regulated by the CFTC or they just doing.
7:41
Speaker 3: Cal She's regulator? Well yeah, right, exactly technically regulated. But
7:44
Speaker 3: if you go back to six, nobody knew what a
7:46
Speaker 3: credit to fault swap was. Nobody everybody found out in
7:49
Speaker 3: nine when they're like how did this happen? Right, So
7:51
Speaker 3: there's all kinds of these products which are swimming out
7:54
Speaker 3: there and commoditized car loans and all this debt and
7:57
Speaker 3: who even knows the leverage that exists behind AI?
8:01
Speaker 1: We have no idea.
8:02
Speaker 3: I mean, if the Iran War had not happened, the
8:04
Speaker 3: number one economic story actually would have been all of
8:07
Speaker 3: these private credit markets. There were all of these private
8:10
Speaker 3: lines of credit which were being called in by the
8:12
Speaker 3: big banks. Nobody even knew what was going on. I
8:15
Speaker 3: believe it's still happening as of today. By the way,
8:17
Speaker 3: what's also interesting about this is the tone shift in
8:20
Speaker 3: the AI CEO.
8:21
Speaker 1: So let's put this one up here on the screen.
8:23
Speaker 3: This is C three guys, And what they talk about
8:26
Speaker 3: here is that big Tech, after public opinion on AI
8:31
Speaker 3: has dramatically downshifted, is that the tech CEOs Sam Altman
8:35
Speaker 3: and Dario and Zuckerberg and Jensen are all suddenly not
8:40
Speaker 3: saying the quiet part out loud anymore. Now it's no
8:43
Speaker 3: longer AI jobs, Well, AI is going to wipe out
8:46
Speaker 3: all of your jobs. It's about how AI is going
8:48
Speaker 3: to grow your job. So quote a year ago, the
8:52
Speaker 3: message from many business leaders was that AI was going
8:54
Speaker 3: to wipe out jobs. For the past month or so,
8:56
Speaker 3: tech CEOs have been striking a more optimistic tone.
8:59
Speaker 4: In late May, Sam Altman.
9:01
Speaker 3: Who has previously predicted seismic shift in the workforce, has
9:05
Speaker 3: now said we've been roughly right on technological predictions and
9:07
Speaker 3: pretty wrong on the social and economic implications. Soon after,
9:11
Speaker 3: he told CNBC, our industry underestimated how much we're going
9:15
Speaker 3: to be able to keep people at the center of everything.
9:18
Speaker 3: Very big difference, I think Kier and now you also
9:22
Speaker 3: have here. They say Dario, who in May of twenty
9:24
Speaker 3: twenty five had said that there will be more who
9:28
Speaker 3: had made twenty twenty five that AI was going to
9:29
Speaker 3: eliminate half of all jobs a year later, now says
9:33
Speaker 3: that companies quote can do the same thing with less resources,
9:36
Speaker 3: and that leads to things like layoffs, or they can
9:38
Speaker 3: do more with the same amount of resources, but that
9:41
Speaker 3: requires creativity. In a June essay, the executive now writes
9:44
Speaker 3: that in giving warning's job displacement, he had wanted policymakers
9:47
Speaker 3: to have the best chance at adapting. He was not
9:50
Speaker 3: trying to be a quote profit of doom and did not,
9:53
Speaker 3: and also wrote the possibility of enduring job loss remained,
9:56
Speaker 3: so softening the fall if this were to come.
9:59
Speaker 5: On Friday, we talked about Alex Karp's what people call
10:03
Speaker 5: the meltdown. That's just an Alex Carp Monologue's not a meltdown.
10:06
Speaker 5: It's just that's how he talks on CNBC.
10:09
Speaker 1: It's called autism.
10:10
Speaker 4: There's a clear.
10:11
Speaker 5: Moment though in it that is so revealing where he's
10:15
Speaker 5: so angry at Sam Altman and these others who he
10:17
Speaker 5: calls these profits of doom, saying you're going to get
10:21
Speaker 5: us a wealth tax, and that's what all of this
10:24
Speaker 5: is about. They feel like they have been too honest
10:27
Speaker 5: about what the implications of their technology are going to
10:30
Speaker 5: be for, particularly the white collar public, which still has
10:34
Speaker 5: some political purchase in this country, and they're going to
10:38
Speaker 5: use that remaining power that they have to implement.
10:41
Speaker 4: A wealth tax exactly.
10:43
Speaker 5: And he's like, guys, stop talking about how we're going
10:46
Speaker 5: to make everybody unemployed, because that's making them upset.
10:51
Speaker 4: And they're going to come for us now. Stop.
10:54
Speaker 5: So now they're going to lie to you and be like, actually,
10:57
Speaker 5: this is just a little agent that's going to help
10:59
Speaker 5: you out in your there's gonna be more jobs.
11:01
Speaker 4: Don't tax our wealth.
11:02
Speaker 1: Don't worry about it.
11:03
Speaker 5: And in the UK, you know they are they may
11:08
Speaker 5: they may move.
11:09
Speaker 4: On a wealth tax. We'll see.
11:11
Speaker 5: And you know the UK was the first to move
11:13
Speaker 5: on a progressive income tax one hundred plus years more
11:15
Speaker 5: than a hundred years ago, and then that kicked it
11:17
Speaker 5: off around the rest of the world. And these oligarchs
11:19
Speaker 5: have very long memories. They hated the income tax when
11:23
Speaker 5: it came in hit the wealthy, and they are desperately
11:27
Speaker 5: trying to avoid this wealth tax. I can't get my
11:30
Speaker 5: head around why somebody like Alice Carr, what's he worth?
11:34
Speaker 4: I don't even one hundred billion? Who God only knows.
11:36
Speaker 3: Seven I think probably seven billion. Let's see, like, why
11:39
Speaker 3: does he care about a wealth.
11:41
Speaker 1: Twelve between twelve and sixteen bill.
11:43
Speaker 5: Okay, twelve and sixteen billion dollars? What's he care a
11:47
Speaker 5: couple of billion? I mean a couple two percent pay
11:51
Speaker 5: it back? I mean, look, you're I'm not defending there's
11:54
Speaker 5: nothing he wants in this world that he can't buy
11:57
Speaker 5: unless he has some demented.
12:00
Speaker 3: Well, that's here's the populist argument. What's that is it Steinback?
12:05
Speaker 3: It was it Steinback who said the problem with America
12:08
Speaker 3: is that every person sees themselves something something about like
12:12
Speaker 3: a dispossessed millionaire, something like that. He said, America will
12:15
Speaker 3: never have socialism because every American thinks that they're just
12:19
Speaker 3: a millionaire who hasn't made it.
12:20
Speaker 1: I've butchered the quote.
12:21
Speaker 3: I'm sorry, but I believe that was a seinback quote
12:23
Speaker 3: from some time in the Great Depression. So there is
12:26
Speaker 3: an element of it where, I mean, remember what's the
12:28
Speaker 3: book Thomas Frank what's the matter with Kansas? I mean,
12:31
Speaker 3: there is a genuine element of it where people are like, hey,
12:33
Speaker 3: that's not fair. These are titans of industry, these are
12:35
Speaker 3: titans of you know whatever, they've done all this.
12:37
Speaker 1: Great stuff for society.
12:39
Speaker 3: I think that might have been true even you know,
12:42
Speaker 3: in the industrialist stage, where you could make an argument
12:44
Speaker 3: and Carnegie and all those people were building all these
12:47
Speaker 3: temples to their own ego with the libraries. But these guys,
12:51
Speaker 3: they don't even pretend like it's all just like we're
12:53
Speaker 3: going to take your job and we're gonna get filthy rich.
12:55
Speaker 4: And they need to maybe do a lot.
12:58
Speaker 1: Right, So for them, they're like, hey, cool it.
13:01
Speaker 3: But they're Their best argument that they have is like, well,
13:04
Speaker 3: it was a billion and now it's fifty million. Soon
13:06
Speaker 3: it'll be one million or something like that, right, and
13:08
Speaker 3: so the average guy could be worth a million. And generally,
13:11
Speaker 3: I mean, the most conservative people in the country are
13:14
Speaker 3: actually small business owners, right, because they're the ones who
13:16
Speaker 3: actually manage all of their own taxes.
13:18
Speaker 1: I get it. It's a literal nightmare having to do
13:21
Speaker 1: all of it.
13:21
Speaker 3: But part of the reason is that that block is
13:24
Speaker 3: usually because they're the most tax people in the country.
13:26
Speaker 3: Because of the way that they make money, these are
13:28
Speaker 3: some of the least tax people in the country.
13:30
Speaker 4: Generally.
13:31
Speaker 3: The way that they try to weaponize it is about innovation, etc.
13:34
Speaker 3: But I think if you look at the polling for
13:36
Speaker 3: how the people feel about the wealth tax, what it
13:38
Speaker 3: comes down to is they're like, look, we get it,
13:41
Speaker 3: maybe it's unfair to tax unrealized gains, but at the
13:44
Speaker 3: end of the day, we don't give a shit. You
13:46
Speaker 3: guys are super wealthy. We don't care anymore, right, Like
13:49
Speaker 3: we need to punish you, and I mean when they're
13:52
Speaker 3: affecting society in the way that we are. Like, sometimes
13:56
Speaker 3: the problem is they argue with wealth tax in terms
13:58
Speaker 3: of like fiscal you know, oh, it wouldn't even be
14:01
Speaker 3: going to anything for everybody else. They're like, it's purely punitive,
14:04
Speaker 3: and we're fine with that, right They're like they're like,
14:07
Speaker 3: we don't care. They're like, we don't care.
14:09
Speaker 4: Again, you're wasted. We don't like you.
14:11
Speaker 3: Like that's what they don't understand is people hate them.
14:14
Speaker 3: And here's here's a good example.
14:16
Speaker 4: Let's put uh what Steinbeck? I think the quote you
14:20
Speaker 4: were thinking.
14:21
Speaker 5: Yeah, he called Americans temporarily embarrassed capitalists.
14:24
Speaker 1: That's it, That's what it was. It was something like that.
14:27
Speaker 5: They're like, they're like capitalists, they just don't have any
14:30
Speaker 5: capital yet.
14:30
Speaker 3: Yeah, it was like that. He said something. It was
14:32
Speaker 3: in the Great Depression. I remember he said something.
14:34
Speaker 5: It's like his essay on the thirties. There, that's the
14:38
Speaker 5: saga Endorstairs.
14:40
Speaker 4: I mean, good should go read.
14:41
Speaker 3: He was a genuinely insightful guy. Let's put see four
14:44
Speaker 3: up here on the screen. So this griffin found this
14:47
Speaker 3: one perfect example. Like where are you going to do
14:49
Speaker 3: stuff like this? You got the Nashville Zoo. It is
14:51
Speaker 3: now a battleground in the data center race, so let's
14:54
Speaker 3: talk about it. So before the sun has risen, they say,
14:56
Speaker 3: a club leopard, no law, no bigger than her hands,
14:59
Speaker 3: wiggle impatiently, wedding to be fed by the Nashville Zoo's
15:03
Speaker 3: animal health director.
15:04
Speaker 1: The newborn sucks eagerly. It's tiny pause, paddling the air
15:08
Speaker 1: with every gulp.
15:09
Speaker 3: But now zoo officials say that a planned data center
15:12
Speaker 3: just beyond the perimeter quote, could introduce constant noise, light,
15:16
Speaker 3: and industrial activity that may disrupt the environmental conditions critical
15:21
Speaker 3: not only for the leopard breeding program, but for the
15:24
Speaker 3: more than three thousand animals that call the zoo home. Now,
15:27
Speaker 3: this is a classic nit style debate. Yeah, you're gonna
15:32
Speaker 3: ruin the leopards. You're gonna introduce all of.
15:34
Speaker 1: This noise, and you.
15:36
Speaker 3: Can know what's the what's the argument for it? We'll
15:38
Speaker 3: talk with This is about the technological innovation. It's a zoo,
15:41
Speaker 3: it's an animal. Ultimately, it's for our kids entertainment.
15:44
Speaker 4: Right.
15:44
Speaker 3: But this is the problem that the AI CEOs have
15:46
Speaker 3: never gotten to data center for what what are you
15:49
Speaker 3: doing for me? Right? If you're really wealthy, my stock
15:53
Speaker 3: is going up, Okay, that's great, right, But for everybody else,
15:55
Speaker 3: you're like, uh, you say you're gonna replace my job.
15:58
Speaker 3: I get a bunch of AI slop of kittens turning
16:01
Speaker 3: into dancing monkeys on my phone.
16:04
Speaker 4: That's it?
16:04
Speaker 1: Like, what am I getting out of this? Right? And
16:07
Speaker 1: that's fundamentally the problem.
16:09
Speaker 4: I think what you're getting out of it is your
16:10
Speaker 4: job getting taken.
16:11
Speaker 3: Yeah, right, Well, according to them, previously except not now.
16:14
Speaker 3: Oh we've changed our outlook. You actually flagged this. That
16:18
Speaker 3: guy you had on William Lawrence just has some polling.
16:21
Speaker 3: Let's put C six up here on the screen. This
16:23
Speaker 3: is a new favorability that they found. Do you have
16:27
Speaker 3: a favorable or unfavorable.
16:28
Speaker 1: Opinion of data centers?
16:30
Speaker 3: And in his poll he found nineteen percent favorable seventy
16:34
Speaker 3: four percent unfavorable.
16:36
Speaker 4: Yeah.
16:36
Speaker 5: Man, He's in a three way Democratic primary for in
16:40
Speaker 5: a swing district which is currently represented by a Republican's
16:44
Speaker 5: got Tom Barrett Michigan. The other two candidates are kind
16:48
Speaker 5: of these corporate Democrats who are afraid to say anything
16:50
Speaker 5: about the data centers.
16:51
Speaker 4: You know, they're express concerns.
16:54
Speaker 5: He's like, no, shut down the data centers, data center moratorium, right.
16:58
Speaker 5: And as a result, according to what looks like you know,
17:02
Speaker 5: his analysis of his own polling, and I think we
17:04
Speaker 5: can all agree that it's pretty fair analysis, is that
17:08
Speaker 5: his opposition to data centers is the thing that is
17:12
Speaker 5: elevating him in the primary. He's probably going to win
17:14
Speaker 5: the primary even though he's the kind of most left
17:17
Speaker 5: wing candidate in a swing district. And it's because people
17:20
Speaker 5: are like I don't care if you call him a
17:22
Speaker 5: socialist or he's a co founder of Sunrise movement. I
17:26
Speaker 5: don't care if you call him an ecosocialist. He's against
17:29
Speaker 5: these data centers. I'm against these data centers. And if
17:32
Speaker 5: you're a Republican too, that same poll showed that independence
17:37
Speaker 5: preferred him by nineteen points over the Republican, which that's
17:42
Speaker 5: ballgame in a swing district if he wins the nomination,
17:45
Speaker 5: and if they don't, you know, pummel him with whatever.
17:49
Speaker 5: And it's all about the data centers. So independentshy like,
17:52
Speaker 5: I don't care if you call him a socialist. And
17:54
Speaker 5: they also pulled your attitudes on the Democrats, democratic socialism,
18:00
Speaker 5: and a bunch of other things. The least unpopular was
18:03
Speaker 5: democratic socialism, for it was still a negative.
18:06
Speaker 3: Well, I mean, take a look at Utah and this
18:08
Speaker 3: whole Kevin O'Leary situation.
18:10
Speaker 1: Well, what just happened?
18:11
Speaker 3: Mean the Fox News had to apologize he smeared these
18:13
Speaker 3: people they're worried about getting as Chinese communist.
18:16
Speaker 1: Activists or whatever.
18:18
Speaker 3: And it's like, really, Utah is full of a bunch
18:21
Speaker 3: of Chinese communist liberals. Utah one of the most conservative
18:24
Speaker 3: states in the country, and this is rural. You tak
18:26
Speaker 3: too about what we're talking about, Like are you joking, dude, Like, no,
18:29
Speaker 3: that's not what this is about. And so look, I mean,
18:32
Speaker 3: I just think for them, you know, you're talking about
18:33
Speaker 3: the wealth tax AI and all of that. Everybody can
18:35
Speaker 3: see the number go up, But number go up doesn't
18:37
Speaker 3: apply as much, right.
18:38
Speaker 1: It applies when you're worth twelve billion. Twelve to sixteen
18:41
Speaker 1: is a lot.
18:41
Speaker 3: It doesn't apply so much when you're you know, let's
18:44
Speaker 3: say you what is it, fifty something percent of people.
18:46
Speaker 1: Don't even retirement account.
18:47
Speaker 3: So the only number that matters to them that should
18:49
Speaker 3: go up as wages, which guess what hasn't gone up,
18:51
Speaker 3: you know, And.
18:52
Speaker 4: The only number you see gown up is gas. That's
18:54
Speaker 4: the key point.
18:55
Speaker 5: Western economies for the last twenty years or so have
18:58
Speaker 5: been growing at about one percent percent. The richest top
19:03
Speaker 5: point one percent have seen their wealth grow by way
19:07
Speaker 5: more than one percent. That means we don't have a
19:10
Speaker 5: whole lot more wealth to spread around, so as they
19:14
Speaker 5: gobble it up, there's less for everybody else. That is
19:18
Speaker 5: just unless we can figure out a way to start
19:20
Speaker 5: growing the economy at ten percent.
19:23
Speaker 4: The wealth.
19:24
Speaker 5: The wealthy growing their wealth at ten percent gobbles our wealth.
19:28
Speaker 4: It's actually more than more than percent. I just gave
19:31
Speaker 4: you twenty percent and so.
19:33
Speaker 5: And as they get richer and richer and richer, they
19:36
Speaker 5: have to do something with that money. And what they
19:38
Speaker 5: do is they invested in assets, stock market houses, like commodities.
19:42
Speaker 5: So they're buying up everything, and the power of exponential
19:48
Speaker 5: of exponential growth means they will own everything at some point,
19:52
Speaker 5: not to in the not too distant future unless we're
19:55
Speaker 5: on unless we tax their wealth.
19:57
Speaker 3: All right, let's get to Caroline Leavitt turning down to
20:02
Speaker 3: Caroline love with the White House Press secretary. So she
20:04
Speaker 3: was enjoying the Fourth of July festivities with Jesse Waters,
20:07
Speaker 3: Ryan's old friend who is not even wearing a suit. Yeah,
20:12
Speaker 3: I mean it is outrighteous. Zaaramam not even wear a
20:14
Speaker 3: suit when he's swimming in a pool. What the fuck
20:16
Speaker 3: are you doing? Right, But let's put that to the side.
20:18
Speaker 3: So Jesse Water is sitting down, they're shooting the shit.
20:21
Speaker 3: We're here with Caroline Lovett, and in that Caroline drops
20:25
Speaker 3: this nugget on gen Z, her fellow gen Z, how
20:29
Speaker 3: they're lazy with silver spoons. In their mouth.
20:31
Speaker 6: Let's take a listening to come here right now.
20:33
Speaker 7: Some of these kids, and I call them kids because
20:35
Speaker 7: they're in their twenties and they've never had real jobs,
20:37
Speaker 7: and they're complaining things are expensive. Yes, things are expensive
20:41
Speaker 7: when you don't have a real job. Do you think
20:43
Speaker 7: that's getting traction complaining?
20:46
Speaker 6: Unfortunately I do because this generation, my generation, I hate
20:50
Speaker 6: to say it, gen Z and those younger than me,
20:53
Speaker 6: have been raised with just silver spoons in their mouths,
20:55
Speaker 6: just getting everything handed to them. That's not the values
20:58
Speaker 6: this country was built on. It was built on meritocracy
21:01
Speaker 6: and hard work, pulling up your sleeves, pulling yourself up
21:03
Speaker 6: from your bootstraps, and achieving the American dream. And we
21:07
Speaker 6: need to protect it with all.
21:08
Speaker 7: These laziness a little bit. It is it because the
21:11
Speaker 7: professors said, countries corrupt, it's evil and we just need
21:15
Speaker 7: to shake them down and tend money out.
21:18
Speaker 6: It's laziness, and it's the liberal indoctrination. You bring up
21:21
Speaker 6: a great point about our education system. However, I will
21:23
Speaker 6: say silver lining. So many parents that I talk to
21:26
Speaker 6: across the country are homeschooling, are turning to private education,
21:30
Speaker 6: are turning towards Christian schools across the country because they
21:33
Speaker 6: don't want their children being taught these communists and liberal
21:36
Speaker 6: ideas slam down their throats. Why President Trump and our
21:39
Speaker 6: in the White House has advocated so strongly for school
21:42
Speaker 6: choice across the country. We want kids to be taught
21:44
Speaker 6: to love our country.
21:46
Speaker 4: They should.
21:46
Speaker 6: It is the greatest country in the history of the world.
21:48
Speaker 7: All right, isay? You know, if they misbehave, just make
21:51
Speaker 7: all these young kids join the army, right, shape them up.
21:54
Speaker 4: I almost have to send.
21:57
Speaker 6: Ran they don't want to come back. That's a good point.
21:59
Speaker 4: Okay.
21:59
Speaker 3: So if you're a gen z, you're mad about house prices,
22:03
Speaker 3: you're mad about gas prices, you're mad about McDonald's prices,
22:05
Speaker 3: drink price whatever.
22:06
Speaker 4: Whatever it.
22:07
Speaker 3: Weed prices, probably that you people are mad about. That's
22:10
Speaker 3: one I'm not going to fight for you on. But
22:12
Speaker 3: you're mad, you're mad, it's because you're lazy and you've
22:14
Speaker 3: got a silver spoon in your mouth. Now let's put
22:18
Speaker 3: her clarification up here. She says, I am seeing a
22:21
Speaker 3: lot of bad faith actors take my comments from this
22:25
Speaker 3: interview out of context. So here's the full interview. Let
22:28
Speaker 3: me expound. The interview is about the rise of communism
22:31
Speaker 3: on the left. I was asked by Jesse Waters why
22:33
Speaker 3: so many young people are buying the false premise of
22:36
Speaker 3: free stuff being sold by communist politicians. I answer a
22:39
Speaker 3: combination of laziness, yes, and the liberal and doctrination that
22:42
Speaker 3: has been taking a place in our education system for
22:44
Speaker 3: far too long. These far left educators are public students
22:48
Speaker 3: as of garbage, convincing that hard work and sacrifice won't
22:50
Speaker 3: pay off down the road because they want them totally
22:52
Speaker 3: reliant on the government instead. I went on to say
22:55
Speaker 3: President Trump is a huge advocate for school choice, blah
22:57
Speaker 3: blah blah. I care enough about our country to tell
23:00
Speaker 3: comfortable truths. It's an undeniable fact a growing number of
23:02
Speaker 3: young people in our country are falling for the lives
23:04
Speaker 3: of socialism communism sold to them by anti American politicians
23:07
Speaker 3: who never built anything, offer no real solutions, or intent
23:09
Speaker 3: on tearing everything down that makes this country great. At
23:12
Speaker 3: the same time, it is true that many Gen Z
23:14
Speaker 3: Americans are hard working, entrepreneurial, deeply patriotic, and it's why
23:17
Speaker 3: do we protect the.
23:18
Speaker 1: American dream for them.
23:19
Speaker 3: That's why I'm honored to work for President Trump and
23:21
Speaker 3: on behalf of an administration that is implementing the right
23:24
Speaker 3: policies to lower taxes, less regulations, stopping Wall Street from
23:27
Speaker 3: purchasing single family homes. Trump accounts the deportation of illegal
23:31
Speaker 3: aliens who are taking our housing and jobs. There is
23:33
Speaker 3: more work to do, which is why Trump and our
23:35
Speaker 3: entire administration won't stop fighting to make life better and
23:38
Speaker 3: more affordable for young people. So here's why I think
23:42
Speaker 3: that's going to fall very very deaf. She explicitly said
23:46
Speaker 3: that they're lazy with silver spoons because they're a bitching
23:49
Speaker 3: about affordability.
23:51
Speaker 1: And that's a look. Really, I actually.
23:54
Speaker 3: Think it all comes down to housing, and the more
23:56
Speaker 3: I meditate on it, the more I talk to people about.
23:58
Speaker 4: It, the more radical I get.
23:59
Speaker 3: Actually whenever it comes to housing and housing solutions. And
24:03
Speaker 3: this is where they just it's funny because they talked
24:07
Speaker 3: about it endlessly on the campaign. Inflation, inflation, inflation, inflation, right,
24:10
Speaker 3: and inflation because that was remember, it was the bedrock
24:13
Speaker 3: of the affordability conversation, which eventually, you know, leads to
24:18
Speaker 3: people like Zormumdanni, which is very effectively. Remember his early
24:21
Speaker 3: ads about the halal carts making it eight dollars again
24:25
Speaker 3: like those that is exactly what people care about the most,
24:28
Speaker 3: and it's genuinely what just sucks all the money out
24:31
Speaker 3: of any of your disposable income. Because people keep pointing
24:35
Speaker 3: to well, people make more money, it's like, well, things
24:37
Speaker 3: cost a lot more, right, And then the wage to
24:38
Speaker 3: income ratio where the wage to price ratio of housing
24:42
Speaker 3: compare it to two thousand, nineteen eighty nineteen seven. I mean,
24:46
Speaker 3: it's exponential compared to where things were before. So for
24:50
Speaker 3: people who have either student debt or let's say you
24:53
Speaker 3: didn't go to college and you're looking at your upward mobility,
24:57
Speaker 3: you do not see the same path that your parents.
25:00
Speaker 3: That's why so many people live at home with their parents.
25:03
Speaker 3: Now that's not the American dream. It might be financially prudent,
25:06
Speaker 3: it's not the dream. No, I don't think anybody wants
25:08
Speaker 3: to wake up at age twenty nine saying, yeah, I
25:10
Speaker 3: live at home, you.
25:11
Speaker 4: Know, with mom or dad.
25:12
Speaker 1: I have no ability upward mobility.
25:14
Speaker 3: I have no ability to even foresee being able to
25:17
Speaker 3: buy a home to achieve any sort of independence. And
25:20
Speaker 3: then they complain about people saying, you know, falling for
25:24
Speaker 3: free stuff or whatever, it's like, well, in some cases,
25:27
Speaker 3: part of the reason why you may go in that
25:29
Speaker 3: more radical direction is because the middle path, which was
25:32
Speaker 3: always told that was going to be achievable for you,
25:34
Speaker 3: you know for a fact, is not financially attainable in
25:38
Speaker 3: this moment in time, especially if you live in a
25:40
Speaker 3: medium the high cost of living area.
25:42
Speaker 5: It's incredible to think that Jesse Waters is the lead
25:46
Speaker 5: primetime host of the biggest kind of right wing news outlet,
25:51
Speaker 5: and Levitt is the spokesperson for the president, the president
25:54
Speaker 5: of the United States. So these are effectively the two
25:59
Speaker 5: leadings spokespeople for what was sold to the American public
26:04
Speaker 5: as a populist movement.
26:06
Speaker 3: And not just sold, I mean they it actually worked,
26:09
Speaker 3: Like people under one hundred thousand dollars voted for trying right.
26:12
Speaker 4: Absolutely.
26:12
Speaker 1: That has never happened before with the Republican ever.
26:15
Speaker 5: Right, So they successfully sold that to people, and if
26:19
Speaker 5: you listen to them now, it is the most bankrupt
26:22
Speaker 5: reactionary Like it's just like Midmos just yelling at people
26:27
Speaker 5: for being lazy, like are you like, what even is this?
26:31
Speaker 4: And also just so like like watching those two intellectual.
26:35
Speaker 5: Heavy weights go back and forth like batting around these
26:38
Speaker 5: like these high ideas is just kind of uh, well.
26:42
Speaker 1: Did you notice that if they complain that we're going
26:44
Speaker 1: to send them.
26:44
Speaker 4: To Cuba, to Cuban irun Like, come.
26:47
Speaker 3: On, that's like Czarist Russia. You know, I could take confescency,
26:52
Speaker 3: you send them to the front line or or actually
26:54
Speaker 3: even the Communist did it, Stalin did it too.
26:56
Speaker 1: It's like, oh, you complain, We're going to send you
26:58
Speaker 1: on to the I.
26:59
Speaker 5: Meant also a little late on a run. We already
27:01
Speaker 5: lost that war. Yeah, right, so where how are you
27:03
Speaker 5: gonna say?
27:04
Speaker 3: I mean, I do think that this is important because
27:06
Speaker 3: you know, this actually triggered a big right wing meltdown
27:08
Speaker 3: at least like with.
27:09
Speaker 5: A lot of the influencer because they're not who I
27:12
Speaker 5: noticed they ripped Levitt personally, yes, because like you married
27:15
Speaker 5: some like super rich guy like that Okay, so okay,
27:18
Speaker 5: great advice. Everyone go out and marry some super rich
27:21
Speaker 5: guy thirty years older than you, like congratulations.
27:24
Speaker 4: Like that's like nobody was. I mean, she's very talented
27:27
Speaker 4: worker and like blah.
27:28
Speaker 1: Blah blah, nobody is judged. Nobody previously to that had
27:32
Speaker 1: been making a whole thing about her personal life.
27:34
Speaker 3: But you can't be standing on the shoulders of married
27:37
Speaker 3: wealth whenever and talk to people and say you're late,
27:40
Speaker 3: and that's you know, come on, let's let's all be
27:42
Speaker 3: honest here. Like you can google the Press secretary salary
27:45
Speaker 3: pretty sure it's one hundred and seventy five grand, which
27:47
Speaker 3: here in Washington is just not that a lot of
27:49
Speaker 3: money anymore. And I think that's actually what gets to
27:52
Speaker 3: it is that even the people who work very, very hard,
27:55
Speaker 3: they and make a lot of money, like objectively make
27:59
Speaker 3: a lot of money in terms of the American economy,
28:02
Speaker 3: even they are struggling, and it's all because of housing.
28:04
Speaker 1: And yet Trump I miss this.
28:06
Speaker 3: I try to be completely offline, and yet so many
28:09
Speaker 3: people sent me this that it was one of the
28:11
Speaker 3: few things I actually saw while I was off here.
28:13
Speaker 3: It is Trump says he wants to drive housing prices up,
28:16
Speaker 3: not down.
28:17
Speaker 1: Let's take a listen.
28:18
Speaker 6: There's so much talk about, oh, we're going to drive
28:20
Speaker 6: housing prices down.
28:21
Speaker 4: I don't want to drive housing prices down. I want
28:23
Speaker 4: to drive housing prices up. Yeah.
28:25
Speaker 3: Great, let's just bail the boomers out even more. You
28:27
Speaker 3: know they don't have enough money. You know, we've got
28:29
Speaker 3: a pilot more on top of them. Let's just cut
28:30
Speaker 3: their property taxes. Let's make it even more unattainable.
28:33
Speaker 5: Yeah, Like, people will be sad if their housing prices
28:36
Speaker 5: go down.
28:37
Speaker 3: I saw a chart going housing prices going down is
28:40
Speaker 3: indicative of a healthy condition because and again I get it,
28:44
Speaker 3: if you bought your house, it sucks, Okay, but sorry,
28:46
Speaker 3: we have a literal national crisis.
28:48
Speaker 1: Okay, right now, Yeah, you have a house.
28:50
Speaker 3: Whereas if you look at Austin, if you look at
28:52
Speaker 3: any of the other metro areas where they permit a
28:55
Speaker 3: significant amount of housing, they were able to drop overall
28:58
Speaker 3: rents by a lot like thirteen fourteen percent. I'll give
29:01
Speaker 3: you a You know one of my friends, she lives
29:03
Speaker 3: in New York City. She was posting apartment listing for
29:06
Speaker 3: her old apartment in twenty twenty one, which is now
29:09
Speaker 3: three times the price today for rent for the same place.
29:13
Speaker 3: Nothing else has been done. She's like, I paid X
29:15
Speaker 3: and this is what it's now listing for.
29:17
Speaker 1: That's insanity.
29:18
Speaker 3: And this is the one which is actually app beyond
29:22
Speaker 3: nuts and relates to AI. Let's put D four up
29:24
Speaker 3: here on the screen in San Francisco. This was alluding
29:28
Speaker 3: to even one hundred and eighty grand tech salaries are
29:32
Speaker 3: no longer enough.
29:33
Speaker 1: If you go and this this blew me away.
29:37
Speaker 4: The median home.
29:38
Speaker 1: Price in San Francisco, what do you think it is?
29:40
Speaker 3: Right?
29:40
Speaker 4: Oh god?
29:40
Speaker 3: The media is just how's it? San Francisco's median home.
29:45
Speaker 4: Press for rent one point five million.
29:47
Speaker 3: One point seven million is the median home one point
29:53
Speaker 3: seven half of houses. A million dollars is the median
29:57
Speaker 3: home price, the national median four hundred and fifty thousand.
30:01
Speaker 3: And if you go and you take a look, what
30:04
Speaker 3: they see is that the average apartment rent is now
30:08
Speaker 3: surpassed New York City, reaching thirty eight hundred a month.
30:11
Speaker 4: And that's not a nice apartment.
30:13
Speaker 3: So we're talking about the average apartment rent is thirty
30:16
Speaker 3: eight hundred a month with the median price at one
30:19
Speaker 3: point seven million dollars.
30:21
Speaker 1: They specifically point to the AI boom.
30:24
Speaker 3: They're like, look, Uber made a lot of people wealthy,
30:27
Speaker 3: but this thing is going to make people like.
30:30
Speaker 1: Orders of magnitude more wealthy.
30:32
Speaker 3: There will be ten thousand new millionaire multimillionaires, ten deca millionaires,
30:37
Speaker 3: not to mention, you know, not just trillionaires, like hundreds
30:40
Speaker 3: of billionaires like Dario and Sam Altman and all these
30:43
Speaker 3: other people, all the you know, even even a junior
30:46
Speaker 3: level executive off of these IPOs is going to net
30:49
Speaker 3: fifteen to twenty million. So you're talking about insane amounts
30:53
Speaker 3: of wealth in this one tiny little city, which is
30:55
Speaker 3: Nimbi to hell.
30:56
Speaker 4: This is what happens now.
30:58
Speaker 3: San Francisco is a very extreme example, but it is
31:02
Speaker 3: also the rest of the nation. If you take a
31:04
Speaker 3: look at the places which build the least housing, of
31:08
Speaker 3: course you see massive increases in home values. And at
31:12
Speaker 3: the same time you have the boomers who live in
31:14
Speaker 3: those homes. Their only lobbying is to make sure that
31:17
Speaker 3: they have to pay less in property tax.
31:19
Speaker 1: They don't care.
31:20
Speaker 3: In fact, most of them lobby against building any new housing.
31:24
Speaker 4: And I am not one.
31:25
Speaker 3: Of these yimbie insane people who's like, oh, we should
31:28
Speaker 3: just build ugly glass apartments everywhere, Like I don't think
31:32
Speaker 3: that's family friendly or any of It's great if you're
31:35
Speaker 3: twenty two years old, but if you're thirty two, like,
31:36
Speaker 3: what are we doing here? But you know, where's the
31:39
Speaker 3: fifteen hundred square foot single family rancher home.
31:42
Speaker 1: They don't even exist.
31:43
Speaker 3: Nobody builds these. But there's no federal government program. There's
31:46
Speaker 3: no state program. If you try to build it in
31:48
Speaker 3: a dense neighborhood, God help you.
31:51
Speaker 1: The boomers.
31:51
Speaker 3: They will do everything to try into torpedo. You know,
31:54
Speaker 3: you be about, oh, what about the schools or any
31:57
Speaker 3: of that, It's like, shut up, likely you don't even
31:59
Speaker 3: care about schools. I just read a great story in
32:01
Speaker 3: the Wall Street Journal yesterday boomers who are bragging about
32:06
Speaker 3: living in schools that they grew up in. So they're
32:08
Speaker 3: taking schools which have been decommissioned because the fertility rate
32:11
Speaker 3: has gone down, and now converting the school into luxury apartments.
32:15
Speaker 3: And this woman who's like sixty five years old, So
32:17
Speaker 3: I grew up here. It's so nice to live here.
32:18
Speaker 3: I'm like, yeah, it must be nice for you, all right,
32:20
Speaker 3: it's nice for you literally went there.
32:22
Speaker 4: She literally went to school there.
32:23
Speaker 3: And now it's a luxury apartment for boomers because the
32:26
Speaker 3: fertility rate's gone down and because no families can afford
32:29
Speaker 3: to live there anymore. That's sick or it's sickness. And
32:31
Speaker 3: guess why, I bet you should be lobbying for to
32:33
Speaker 3: drop property text not just you.
32:35
Speaker 1: Know that one particular one enraged me.
32:37
Speaker 4: Your property taxes go down if you're home value.
32:39
Speaker 3: Yeah, yeah, yeah, exactly, there you got that you could
32:41
Speaker 3: think about that. I don't know, I mean just it
32:44
Speaker 3: genuinely enrages me because you know, we you know, we
32:48
Speaker 3: meet a lot of people who do this, you know,
32:50
Speaker 3: who watch the show and all of a sudden and
32:51
Speaker 3: this is the number one thing we'll always talk about
32:53
Speaker 3: every lockdown.
32:54
Speaker 1: Everybody is locked out. They're like, man, how's it?
32:56
Speaker 3: And you know, you know when people pull in, they
32:58
Speaker 3: you know, they profile people in the story who are
33:00
Speaker 3: making like four hundred thousand dollars in San Francisco and
33:03
Speaker 3: they're like, can't afford it, literally can't afford it. They're like,
33:05
Speaker 3: they applied for a five thousand dollars a month apartment
33:09
Speaker 3: and there were thirty eight people will apply to the
33:11
Speaker 3: same day.
33:11
Speaker 1: Yeah, five thout sixty thousand a year in rent. Can't
33:15
Speaker 1: afford it.
33:15
Speaker 3: I mean, Mike, they're like, oh, well, maybe I need
33:17
Speaker 3: to move or we got to do long distance. I mean,
33:20
Speaker 3: ruins your life. And especially with now you've got in
33:23
Speaker 3: person work mandates which are ratcheting up in tech, especially
33:27
Speaker 3: who are all lucky to have a job in the
33:29
Speaker 3: middle of AI. So they have no negotiating or bargaining
33:32
Speaker 3: power whenever it comes to a worker. So yeah, I
33:35
Speaker 3: have become extremely radical on the housing issue and watching
33:39
Speaker 3: things like that when people are either drowning in student
33:42
Speaker 3: loan debt, credit card debt, with no you know, upward
33:45
Speaker 3: mobility whenever it comes to wages and a median home
33:48
Speaker 3: price of four hundred and fifty k, and if you
33:50
Speaker 3: look at the median home price ratio to income compared
33:53
Speaker 3: again to twenty years ago, like, you've got no business
33:56
Speaker 3: telling anybody that they're lazy with the silver spoon.
33:58
Speaker 5: Well, this is a huge crisis. Is actually a good
34:00
Speaker 5: transition to our next segment. Let's see how the political
34:04
Speaker 5: system is responding to this existential crisis that so many
34:08
Speaker 5: people are facing. And let's let's get to with the
34:12
Speaker 5: former Senate majority leader is doing. We haven't heard much
34:18
Speaker 5: about Senator Mitch McConnell lately.
34:20
Speaker 4: Let's throw this up here.
34:22
Speaker 5: According to the Associated Press, he's continuing his recovery, but
34:27
Speaker 5: details are scarce after a lengthy hospital stay. Sager, I
34:33
Speaker 5: think the word recovery there is doing an awful lot
34:36
Speaker 5: of work because, as you and I and probably our
34:40
Speaker 5: viewers understand, the word recovery. It suggests that matter some
34:46
Speaker 5: physical therapy going on. There's there's you're you're working toward
34:51
Speaker 5: recovering your health or some some version of it. That
34:55
Speaker 5: does not seem to remotely be the case. It's put
34:58
Speaker 5: up a two here. So what happen is that Mitch
35:02
Speaker 5: McConnell suffered a heart attack at home on June fourteenth,
35:07
Speaker 5: when when paramedics finally got there, they immediately began performing CPR.
35:16
Speaker 5: CPR was you know, they continue to perform CPR on
35:19
Speaker 5: his way in. If you have a heart attack and
35:24
Speaker 5: you're at home at McConnell's age, and by the time
35:29
Speaker 5: ems gets there and they find you unresponsive and begin CPR,
35:34
Speaker 5: your brain by that point has been without oxygen for
35:39
Speaker 5: so long that the likelihood of you kind of recovering
35:43
Speaker 5: consciousness is just vanishingly low.
35:47
Speaker 1: He's eighty four years old.
35:49
Speaker 4: Eighty four years old.
35:50
Speaker 5: There's no evidence that he has regained consciousness at any
35:55
Speaker 5: point since since then.
35:56
Speaker 3: Here's what his spokesperson says. Senator McConnell is still worse
36:00
Speaker 3: closely with staff on Senate business and Kentucky matters as
36:03
Speaker 3: he continues his recovery. However, he will not be voting
36:06
Speaker 3: this week. That was his spokesperson, David pop And that
36:09
Speaker 3: was actually given on July first, so that was six
36:12
Speaker 3: days ago. As of what you said now, the more
36:14
Speaker 3: recent one is that he is continuing his recovery. They
36:17
Speaker 3: offered no explanation of his conditions. Really well, look, I
36:21
Speaker 3: mean part in the old days, maybe you could take
36:24
Speaker 3: that to the bank in a post Dianne Feinstein world.
36:28
Speaker 3: Come on, all right, we all saw it, We watched it.
36:31
Speaker 3: Who was it who leaned over and was like, just
36:33
Speaker 3: vote yes. I couldn't believe that. And she looked, look
36:37
Speaker 3: at the way that she looked, and she died a
36:39
Speaker 3: week later. It was disgraceful that they did that to her,
36:42
Speaker 3: that her staff sat around and dealt with, I mean
36:45
Speaker 3: all of it like it was outrageous. And the circumstances
36:49
Speaker 3: of this are nuts because this is the United States Senator,
36:51
Speaker 3: an extremely powerful person who you know, if he's incapacitated,
36:56
Speaker 3: then his people should say so, maybe even his wife.
37:00
Speaker 1: And yet let's put this next one up here on
37:02
Speaker 1: the screen.
37:03
Speaker 3: She is in China meeting with senior members of the
37:08
Speaker 3: CCP after his hospitalization. Three days after he received CPR,
37:14
Speaker 3: Elaine Choo is now currently in Beijing and met with
37:18
Speaker 3: the Chinese Vice president days after hospitalization. Chinese media shows
37:23
Speaker 3: Chow sitting across from Jiang on June seventeenth, discussing efforts
37:29
Speaker 3: to strengthen China US relations. Remember, you'll recall if you've
37:33
Speaker 3: been watching the show for a long time, Elaine Choo
37:35
Speaker 3: is the daughter of some Taiwanese shipping billionaire who is
37:40
Speaker 3: extremely close to the Chinese Chinese Communist Party. The entire
37:43
Speaker 3: thing has always been objectively bonkers whenever it comes to
37:47
Speaker 3: his wealth or his power and her extraordinary wealth and
37:51
Speaker 3: ties to a foreign government. But I mean, who does that?
37:55
Speaker 3: Like your your husband's in the hospital and you're in China.
37:58
Speaker 3: What's going on there? No nation like the point about this.
38:02
Speaker 3: You know, we're just talking about the housing thing. They
38:04
Speaker 3: just feel it's our business. You have, You have no
38:08
Speaker 3: right to question it.
38:09
Speaker 1: Did you see?
38:09
Speaker 3: Remember we talked about that congressman who is missing for
38:12
Speaker 3: like three months and nobody said where he was, his
38:15
Speaker 3: staff and jersey.
38:17
Speaker 1: He said, I had depression.
38:19
Speaker 4: You can't take three.
38:20
Speaker 3: Months of work, bro, Just tell us that, Just say
38:22
Speaker 3: I'm deeply depressed. I couldn't work. I mean to be
38:26
Speaker 3: honest with you, Like that's outrageous. I mean, how many
38:28
Speaker 3: blue collar guys do you think are depressed and they
38:30
Speaker 3: don't want to they don't get three months off. I
38:32
Speaker 3: couldn't take three months off. You know that I had
38:35
Speaker 3: a baby. I took one month off. Right, that's a
38:38
Speaker 3: much more. That's that's reasonable. And you know, I get know,
38:41
Speaker 3: we own the company. I guess I could do whatever
38:43
Speaker 3: I want.
38:43
Speaker 4: I wouldn't do that, but it was day right.
38:47
Speaker 3: I mean, he's depressed, he's too depressed to work. I mean,
38:51
Speaker 3: that's okay if it's true, but you know, I don't know.
38:54
Speaker 3: I mean, is that should that really be tolerable? Like
38:57
Speaker 3: maybe you should resign? Should the people of your district
39:00
Speaker 3: just have three months of no representation? And you know
39:03
Speaker 3: that's a crazy case, But in this particular case, it's like,
39:07
Speaker 3: so the wife offers no update, the senator offers no update,
39:10
Speaker 3: the staff for apparently just thinks that we can all
39:12
Speaker 3: live in limbo for twenty one days and just say, yeah,
39:15
Speaker 3: he's recovering, and we have no idea whether any of
39:18
Speaker 3: that is true. There's no proof, proof of any path
39:20
Speaker 3: to recovery. And so look, there's all kinds of rumors
39:23
Speaker 3: that are circulating out there. Thomas Massey, let's put his
39:25
Speaker 3: tweet up here on the screen. He says, is America
39:29
Speaker 3: ready for my term limit legislation titled three strokes and
39:32
Speaker 3: You're out? I'm with you, Thomas. I am totally like
39:40
Speaker 3: stroke you know, a modest proposal, just three strokes, you know,
39:43
Speaker 3: just not one, not two, but three.
39:45
Speaker 1: You have three strikes and you're out. It's crazy. The entitlement.
39:48
Speaker 3: He's an eighty four year old man, literally went on camera,
39:52
Speaker 3: can't speak.
39:53
Speaker 1: What are his children doing?
39:54
Speaker 3: You know, you don't say anything, Your wife, your family,
39:57
Speaker 3: Nobody says like, hey, you got to hang it up.
39:59
Speaker 3: I remember saying this was I go, does anybody love
40:01
Speaker 3: this man? If you really love somebody, how could you
40:04
Speaker 3: let them do that? You know, out in public, it's
40:06
Speaker 3: just again the gerontocracy. They're clinging to power. They're narcissism.
40:11
Speaker 3: How the office serves them, they are never about serving you.
40:15
Speaker 1: It's all on display in now.
40:17
Speaker 5: If McConnell is incapacitated or does die, then under Kentucky law,
40:24
Speaker 5: there would have to be a special election.
40:25
Speaker 4: They change their rules back in I think.
40:28
Speaker 5: Twenty twenty four to strip the governor right, because they
40:32
Speaker 5: had a democratic governor. So they said, if there's a vacancy,
40:35
Speaker 5: there has to be a special election, no gubernatorial appointments
40:39
Speaker 5: and so. And this was when McConnell's health was failing
40:42
Speaker 5: then too. This was understood to be about McConnell. So
40:47
Speaker 5: if he is incapacitator dead, there have to be a
40:50
Speaker 5: special election. And that's where Thomas Massey comes back in
40:54
Speaker 5: because he would be able to mount a short term
40:57
Speaker 5: kind of independent campaign. You know, it's you know, everybody
41:00
Speaker 5: running in the same field, and that could draw votes
41:03
Speaker 5: away from the Republican and elected Democrat. You could even
41:06
Speaker 5: plausibly see the world in which Massy won. Now he'd
41:09
Speaker 5: only be in office for a couple of months. McConnell
41:12
Speaker 5: is not running for reelection. His term is up at
41:14
Speaker 5: the end of twenty twenty six to early twenty twenty seven.
41:18
Speaker 5: But if McConnell is kind of on some sort of
41:22
Speaker 5: life support and being kept alive to keep Massy out
41:25
Speaker 5: of office or out from running, that is exactly what
41:28
Speaker 5: Mitch McConnell would want, oh absolutely, So that is that
41:32
Speaker 5: is it is the dying wishes to make some petty
41:36
Speaker 5: partisan move with his ailing body.
41:39
Speaker 3: His dying wishes are to I don't know, like fund
41:42
Speaker 3: Ukraine for un till the end of time, and to
41:45
Speaker 3: block Massy from look again. You know, I don't want
41:48
Speaker 3: to be smirch an eighty four year old man who
41:51
Speaker 3: is you know, in bad health. But that's why you
41:54
Speaker 3: should have left a long time ago, right. You made
41:57
Speaker 3: it our business man. You are the person who made
42:00
Speaker 3: all of this our business. You could have left with dignity.
42:02
Speaker 4: It ran for re elections. You ran for reelection you.
42:04
Speaker 1: Were seventy eight years old.
42:06
Speaker 3: That is disgraceful, especially whenever you were already having lingering
42:10
Speaker 3: health problems and you had multiple health incidents on camera
42:13
Speaker 3: and still stayed in office.
42:15
Speaker 1: It's crazy.
42:16
Speaker 4: So don't you want to do anything else with your life?
42:18
Speaker 3: I kept thinking about that in main with Susan Collins,
42:21
Speaker 3: because how old is she now?
42:22
Speaker 1: She's like seventy something.
42:24
Speaker 3: She had previously pledged. What if she had pledged only
42:27
Speaker 3: two terms. I'm telling you god, this is.
42:29
Speaker 4: It's just seventy three, seventy three, this is one six
42:32
Speaker 4: more years.
42:32
Speaker 1: One of the most gorgeous.
42:33
Speaker 3: Places in the world in my opinion, just my opinion,
42:36
Speaker 3: And I'm like and she she's a multimillionaire. I have
42:39
Speaker 3: to assume because they all retire. She gets crazy out
42:43
Speaker 3: of yourself.
42:43
Speaker 1: Some lobster, you know, some oysters. What else do you need?
42:48
Speaker 3: It's like you got sunshine. It's like you're in the
42:51
Speaker 3: middle of the was going to hike every single day.
42:53
Speaker 4: Go see the world. Not on a codel. Yeah, go
42:55
Speaker 4: see the world.
42:56
Speaker 1: You can even fly first class.
42:57
Speaker 4: You don't even fly com she can fly.
43:00
Speaker 1: He's so rich, she could fly.
43:00
Speaker 4: Prom it.
43:01
Speaker 1: She could see the world at vacation every summer in Maine.
43:04
Speaker 4: But that needs to be a lockstep. That's the psychology. Yeah, right,
43:07
Speaker 4: and be very concerned about all what is the.
43:10
Speaker 1: Psychology of these people? But that's it. They're marching.
43:14
Speaker 5: Narcissist Tom Harkin, who I actually I would have on
43:17
Speaker 5: the show soon.
43:17
Speaker 1: Who's Iowa?
43:18
Speaker 4: All right? Yeah? Iowa senator?
43:20
Speaker 1: Yeah? Who is the leader?
43:22
Speaker 4: American hero? Well he ran for president? Was he ever leader?
43:24
Speaker 4: I don't know, I don't know. He was very lion
43:27
Speaker 4: of the Senate.
43:28
Speaker 5: And in twenty fourteen he's like, you know what, I
43:31
Speaker 5: want to retire and my wife and I are going
43:33
Speaker 5: to sail around the world. And it cost Democrats to see.
43:37
Speaker 5: But you know, good for Tom lock.
43:39
Speaker 4: In retrospect, heroic.
43:41
Speaker 5: Honestly, Joni Arns is only senator because of that decision.
43:45
Speaker 1: Was that's right, that's right, because it was in the
43:46
Speaker 1: tea party time. Okay, interesting, all.
43:48
Speaker 3: Right, good Bro show. Ryan, the people will have another
43:51
Speaker 3: bro show tomorrow, so we will see you all. Then
43:52
Speaker 3: we're about to go do our Ama.
43:54
Speaker 4: So there we go, Bo to puish