Latest / Politix / Tempest In A TSA Cup
Transcript
- 0:00SPEAKER_01: I can't keep saying how much I agree with you.
- 0:02SPEAKER_01: Like, if Democrats did what I wanted, it would backfire spectacularly.
- 0:07SPEAKER_01: Okay.
- 0:17SPEAKER_00: This week we'll provide a quick update on the U.S.
- 0:21SPEAKER_00: war against Iran.
- 0:23SPEAKER_00: Then we'll talk about the Department of Homeland Security,
- 0:25SPEAKER_00: which has been shut down for about 40 days now.
- 0:29SPEAKER_00: What's happening?
- 0:30SPEAKER_00: Who's to blame?
- 0:31SPEAKER_00: Who's receiving the blame?
- 0:33SPEAKER_00: How is it likely to end?
- 0:35And what does the whole episode tell us about the internal
- 0:38Democratic Party fight
- 0:40SPEAKER_00: over how to oppose Donald Trump?
- 0:42SPEAKER_00: If you want to listen to the whole conversation,
- 0:43SPEAKER_00: you can upgrade your subscription to paid at politics.fm.
- 0:51SPEAKER_00: Hello, and welcome to the Politics Podcast.
- 0:53SPEAKER_00: I'm Brian Boitler.
- 0:54SPEAKER_01: I'm Matthew Iglesias.
- 0:56We're going to talk about the government shutdown today,
- 0:58because we did the Iran War last week.
- 1:02But I feel like a bunch of stuff that hasn't really necessarily
- 1:07affected the
- 1:07SPEAKER_00: trajectory of the war did transpire in the last few days,
- 1:11SPEAKER_00: and it seemed remiss of us to not at least mention it.
- 1:17SPEAKER_00: So basically,
- 1:19it seems like Donald Trump's objective in the in the Iran war
- 1:23has collapsed
- 1:24SPEAKER_00: entirely to ending the problems caused by having invaded.
- 1:28SPEAKER_00: Like he wants to straight up Hormuz back open.
- 1:31SPEAKER_00: That's the main objective.
- 1:32It is only closed because he launched the war and he does not
- 1:35know how to get it
- 1:36SPEAKER_00: open,
- 1:37in part because the only moves he feels inclined to make in any
- 1:42conflict are
- 1:42SPEAKER_00: aggressive.
- 1:44SPEAKER_00: And so to that end,
- 1:45SPEAKER_00: he threatened Iran over the weekend,
- 1:47SPEAKER_00: saying that if they didn't reopen the Strait of Hormuz,
- 1:49he'd commit war crimes across the country by obliterating their
- 1:52civilian energy
- 1:54SPEAKER_00: infrastructure,
- 1:54SPEAKER_00: like power plants and stuff like that.
- 1:57SPEAKER_00: And so everyone was thinking, well, the war is going to escalate.
- 2:01SPEAKER_00: But then on Monday,
- 2:03SPEAKER_00: he posted a true social saying,
- 2:06SPEAKER_00: just kidding,
- 2:07the war crimes are postponed until the end of the week after
- 2:10markets closed because
- 2:12we're having great negotiations and we'll probably be able to
- 2:14get this resolved
- 2:15SPEAKER_00: diplomatically before then.
- 2:19SPEAKER_00: So, of course, oil futures plummeted, stock markets rose.
- 2:24Now it seems like it's dawning on everybody that this was maybe
- 2:26just a market
- 2:27SPEAKER_00: manipulation play,
- 2:29SPEAKER_00: and we don't know.
- 2:31SPEAKER_01: Yeah, so, you know, I mean, oil futures plummeted on Monday.
- 2:37SPEAKER_01: Then it pulled back a little bit,
- 2:39SPEAKER_01: but it was still a good day for cheaper oil futures,
- 2:41SPEAKER_01: a good day for the stock market.
- 2:43SPEAKER_01: But then as of Tuesday morning,
- 2:45everything opened down again because nothing has actually
- 2:49changed in the diplomacy.
- 2:50SPEAKER_01: Now,
- 2:54A real thing that did occur Tuesday morning is that two Indian
- 2:59tanker vessels full
- 3:01SPEAKER_01: of liquid petroleum gas,
- 3:03SPEAKER_01: which I think is what we call propane,
- 3:07SPEAKER_01: but don't quote me on that.
- 3:08SPEAKER_01: It is some kind of refined oil product.
- 3:11SPEAKER_01: In India,
- 3:13SPEAKER_01: people don't have gas stoves like we have in the U.S.,
- 3:18SPEAKER_01: and they don't have a lot of induction stoves or electric stoves.
- 3:23SPEAKER_01: So poor people,
- 3:24SPEAKER_01: you know,
- 3:25SPEAKER_01: rural India either cook with LPG,
- 3:28SPEAKER_01: which is the clean option,
- 3:30SPEAKER_01: or they're cooking with like wood and dried cow dung,
- 3:33SPEAKER_01: which is the dirty option.
- 3:35And India has been in a huge LPG crisis because they don't have
- 3:39any domestic oil there.
- 3:41SPEAKER_01: The government's been rationing.
- 3:42SPEAKER_01: They forced restaurants to close to prevent a crisis.
- 3:46SPEAKER_01: There's all this talk that, you know, like dung prices are escalating.
- 3:50SPEAKER_01: So two Indian tankers full of LPG transited the straits this morning.
- 3:56SPEAKER_01: And, you know, nobody blew them up.
- 3:59SPEAKER_01: And it's not like totally 100% clear why that
- 4:04SPEAKER_01: is, right?
- 4:05SPEAKER_01: Like, did the Indian government make some kind of deal with the Iranians?
- 4:09SPEAKER_01: Did the Iranians just choose not to shoot at the ships?
- 4:12SPEAKER_01: What's going on?
- 4:13SPEAKER_01: Nobody knows.
- 4:15But like the moral of the story that I would just remind
- 4:18everybody of is that,
- 4:20SPEAKER_01: you know,
- 4:21SPEAKER_01: oil is a physical commodity.
- 4:25SPEAKER_01: Refined petroleum products are their own physical commodities.
- 4:29SPEAKER_01: And nothing has happened to alleviate the shortage of
- 4:34SPEAKER_01: of,
- 4:35SPEAKER_01: you know,
- 4:35crude oil into refineries and therefore of refined products
- 4:39coming out of the
- 4:40SPEAKER_01: refineries.
- 4:42SPEAKER_01: The shortage just gets worse with every day that passes.
- 4:46SPEAKER_01: Even if a handful of ships start going through,
- 4:49or something like the Trump administration's preposterous
- 4:53de-sanctioning of Iranian
- 4:55SPEAKER_01: oil to increase the flow of oil to world markets,
- 4:59SPEAKER_01: that all means that the rate at which
- 5:02SPEAKER_01: the shortfall grows is slowing, right?
- 5:06But,
- 5:06like,
- 5:06the shortfall is still growing in absolute terms,
- 5:09and the pain is still building.
- 5:13SAS has canceled a bunch of flights for over the weekend,
- 5:16sorry,
- 5:17for over the summer.
- 5:18SPEAKER_01: United announced that it's planning a 5% reduction in the,
- 5:23SPEAKER_01: you know,
- 5:23SPEAKER_01: route miles that it will fly over the weekend.
- 5:28SPEAKER_01: Petrochemical factories are reducing their output of different things.
- 5:33SPEAKER_01: Farmers are purchasing less fertilizer than they used to be able to get.
- 5:37The oil futures market is like a kind of a weird enterprise at
- 5:42this point because...
- 5:44It's a little bit detached from like what's going on in
- 5:51refineries and so on and so forth.
- 5:54And the contracts that are traded are mostly like American and
- 5:59North Sea oil,
- 6:00SPEAKER_01: which is not the oil that's been disrupted by this war.
- 6:04So it's just carrying,
- 6:06you know,
- 6:06maybe less information than you might want to have.
- 6:09And Trump is treating those indexes as like the policy target
- 6:15that he wants to hit.
- 6:17SPEAKER_00: Yes.
- 6:18SPEAKER_00: And I sort of wonder about the reason you might expect Trump.
- 6:25ships carrying propane to India to get bombed in the strait is
- 6:29that Iran is
- 6:30SPEAKER_00: essentially threatened.
- 6:31SPEAKER_00: Like,
- 6:31we will use the strait to export to people who are not allied
- 6:35with the United
- 6:35SPEAKER_00: States,
- 6:36SPEAKER_00: who don't trade with the United States,
- 6:37SPEAKER_00: who don't buy things in dollars,
- 6:38SPEAKER_00: right?
- 6:39SPEAKER_00: But if you don't do that, like...
- 6:45SPEAKER_00: go at your own risk.
- 6:46SPEAKER_01: So they've said, yeah, I mean, it's not clear.
- 6:48SPEAKER_00: Yeah,
- 6:49SPEAKER_00: so,
- 6:49SPEAKER_00: well,
- 6:49SPEAKER_00: and I think the response to this has basically been like,
- 6:53SPEAKER_00: it's not worth the risk to us to try,
- 6:56SPEAKER_00: to tempt this.
- 6:57SPEAKER_00: But I do wonder,
- 6:58SPEAKER_00: like,
- 6:58SPEAKER_00: because the Iranians are not quite as idiotic about all this as Trump,
- 7:03SPEAKER_00: and because,
- 7:03SPEAKER_00: you know,
- 7:04SPEAKER_00: regime survival is an important goal,
- 7:06SPEAKER_00: whether,
- 7:08SPEAKER_00: now that the sort of public diplomacy aspect of this war,
- 7:13SPEAKER_00: where like,
- 7:14There may be swing state rubes who think because of all the
- 7:17splosions that Trump is
- 7:18SPEAKER_00: like in command of this situation.
- 7:22But like the leaders of foreign countries know exactly what has
- 7:25happened and why.
- 7:26And they don't blame Iran because there's no above board way to
- 7:30really blame Iran
- 7:31SPEAKER_00: for any of this.
- 7:32SPEAKER_00: And if you're on maybe as a gesture of goodwill.
- 7:36SPEAKER_00: You just say,
- 7:37we understand that the terrible United States has inflicted
- 7:40much more pain on your
- 7:42SPEAKER_00: people than it has on their own people,
- 7:44SPEAKER_00: and we will thus let these important resources reach you,
- 7:50such that you maybe can ratchet them closer to your side in the
- 7:55fight than the
- 7:56SPEAKER_00: American side,
- 7:57SPEAKER_00: such that you might begin moving India away from...
- 8:03SPEAKER_00: dollar denominated trade,
- 8:04SPEAKER_00: you know,
- 8:05SPEAKER_00: like if you're,
- 8:06SPEAKER_00: if you're actually trying to destabilize the United States,
- 8:09SPEAKER_00: it's not necessarily counterproductive to let a couple ships through,
- 8:13SPEAKER_00: even if it does kind of maybe make people think that the,
- 8:17SPEAKER_00: that you're all bark,
- 8:18SPEAKER_00: no bite.
- 8:19SPEAKER_01: Yeah,
- 8:19SPEAKER_01: I mean,
- 8:20SPEAKER_01: so there's,
- 8:20SPEAKER_01: like,
- 8:20SPEAKER_01: some suggestion that the Iranians will try to,
- 8:24SPEAKER_01: like,
- 8:24collect tolls from the strait that would be denominated in
- 8:31Chinese currency and,
- 8:34SPEAKER_01: like,
- 8:35SPEAKER_01: I don't know what.
- 8:36SPEAKER_01: Then Iran could buy military supplies, something like that.
- 8:40SPEAKER_01: It's also...
- 8:43SPEAKER_01: Trump killed all these people,
- 8:44SPEAKER_01: Iranian senior leaders,
- 8:46SPEAKER_01: which,
- 8:47SPEAKER_01: you know,
- 8:48SPEAKER_01: is not a totally standard wartime tactic.
- 8:53The United States of America and its allies fired a lot of
- 8:58ordinance at German
- 9:00SPEAKER_01: soldiers over a years-long war.
- 9:03SPEAKER_01: It did not particularly...
- 9:06SPEAKER_01: try, I think, to like assassinate the top leaders of the Nazi regime.
- 9:11SPEAKER_00: I think that wasn't like- There's some fun books about it.
- 9:17SPEAKER_01: I mean, some Germans tried to, right?
- 9:19SPEAKER_01: But, you know, for whatever, their own reasons, bring these to an end.
- 9:25But,
- 9:25you know,
- 9:26it's not totally clear,
- 9:28I think,
- 9:29like,
- 9:30who makes decisions in Iran right now?
- 9:33SPEAKER_01: Like, who would have the authority to broker some kind of elaborate deal?
- 9:37SPEAKER_01: Yeah.
- 9:38with,
- 9:38you know,
- 9:39with third party countries about the transit of oil,
- 9:42things like that.
- 9:44SPEAKER_01: You know,
- 9:44SPEAKER_01: ideally,
- 9:45you would have like a solid flow of information from
- 9:48intelligence agencies through
- 9:50SPEAKER_01: to the media,
- 9:51SPEAKER_01: some kind of explanation of what's happening.
- 9:54You would like to live in a world where if the president
- 9:57announces that he's like
- 9:58SPEAKER_01: on the verge of a diplomatic breakthrough,
- 10:00SPEAKER_01: that that carries like real information.
- 10:01SPEAKER_01: Yeah.
- 10:02SPEAKER_01: about the state of diplomacy, but it doesn't.
- 10:06SPEAKER_01: So, you know, I mean, I just, you can check, right?
- 10:09SPEAKER_01: And it's like, oil futures prices tumbled yesterday by like a lot.
- 10:15SPEAKER_01: You know, the futures market moves leaps and bounds.
- 10:19SPEAKER_01: But diesel prices went up.
- 10:22SPEAKER_01: You know, they only went up a little bit.
- 10:24SPEAKER_01: There's been no,
- 10:27SPEAKER_01: the physical,
- 10:29the market in petroleum products does not leap as rapidly as
- 10:34the futures markets in
- 10:35SPEAKER_01: either direction,
- 10:37SPEAKER_01: but it just keeps going up,
- 10:38SPEAKER_01: right?
- 10:39SPEAKER_01: Like it's gone up,
- 10:40SPEAKER_01: I think every single day,
- 10:42SPEAKER_01: certainly every single week since this began,
- 10:44because the amount of diesel that is coming out of the world's
- 10:48refineries is huge.
- 10:50SPEAKER_01: Like, it just continues to be low.
- 10:54And these SPR releases,
- 10:56the other things that's happening,
- 10:58are not compensating for that.
- 11:02SPEAKER_01: And so,
- 11:03SPEAKER_01: you know,
- 11:04the market for diesel needs to reach a point where people are
- 11:10burning less of it.
- 11:13SPEAKER_01: That means, like...
- 11:16SPEAKER_01: Like diesel is mostly just used to ship freight, you know, around.
- 11:22Maritime fuel is used like almost exclusively to like big boats
- 11:28full of stuff.
- 11:29SPEAKER_01: And it's like the volume of global trade has to go down.
- 11:33SPEAKER_01: Because there is not as much of that as there was.
- 11:36SPEAKER_01: Chris Wright,
- 11:38SPEAKER_01: the energy secretary,
- 11:39SPEAKER_01: you know,
- 11:39SPEAKER_01: in parallel with Trump's announcements,
- 11:41SPEAKER_01: he said yesterday that,
- 11:43SPEAKER_01: like,
- 11:43SPEAKER_01: they're working on plans to bring more diesel to the market.
- 11:46SPEAKER_01: That did not move the market because...
- 11:50SPEAKER_01: Because there's no diesel.
- 11:51SPEAKER_01: If he actually has a secret plan to get more diesel on the market,
- 11:54SPEAKER_01: the price of diesel will,
- 11:55SPEAKER_01: in fact,
- 11:56SPEAKER_01: go down.
- 11:57SPEAKER_01: But he didn't do anything.
- 12:00SPEAKER_01: And he's just not subject to that same kind of commentary-based maneuver.
- 12:05One thing we have to wonder is that maybe Chris Wright or
- 12:08people around Chris
- 12:09Wright thought that saying that would be a market-manipulating
- 12:12play that they could
- 12:13SPEAKER_00: profit off of by stealing from people on the other side of trades.
- 12:17SPEAKER_00: That seems to have happened ahead of Trump's,
- 12:21SPEAKER_00: you know,
- 12:21SPEAKER_00: calling off the war crimes post on Monday morning,
- 12:25SPEAKER_00: which actually did move markets heavily,
- 12:28SPEAKER_00: right?
- 12:28SPEAKER_00: That there was a unusual volume of trading in the 15 minutes before it.
- 12:33SPEAKER_01: People front ran that announcement.
- 12:35SPEAKER_00: Yeah, to the tune of like a half a billion dollars.
- 12:39SPEAKER_00: Yes.
- 12:39SPEAKER_00: And that's really bad.
- 12:42SPEAKER_00: It's infuriating, but it's also like,
- 12:45SPEAKER_00: The government can't really be run that way.
- 12:48SPEAKER_00: You know, like, not in any kind of... It's like... It's like...
- 12:56A slightly cloaked version of just selling war plans for money,
- 13:02you know?
- 13:04SPEAKER_00: And so obviously, like, Trump should be impeached.
- 13:07SPEAKER_00: He should be removed.
- 13:08SPEAKER_00: But,
- 13:08SPEAKER_00: like,
- 13:09SPEAKER_00: what really needs to happen is,
- 13:10SPEAKER_00: like,
- 13:10the people who made the trades need to be exposed and then held
- 13:14accountable in some
- 13:14SPEAKER_00: way or another.
- 13:15And obviously,
- 13:16like,
- 13:16I don't suspect that Kash Patel and Pam Bondi are going to do
- 13:19that.
- 13:20SPEAKER_00: But how—I mean—
- 13:23SPEAKER_00: To your understanding,
- 13:24how easy would it be for an oversight panel chaired by
- 13:28Democrats to figure this
- 13:29SPEAKER_00: out?
- 13:30SPEAKER_01: Well,
- 13:30SPEAKER_01: also,
- 13:31SPEAKER_01: you know,
- 13:31the head enforcement officer at the SEC quit last week under
- 13:39somewhat unclear
- 13:40SPEAKER_01: circumstances.
- 13:42SPEAKER_01: So, you know, that'll be that'll be something to do hearings on.
- 13:47SPEAKER_01: You know, I mean, I think it's difficult.
- 13:48SPEAKER_01: I don't actually know what the legality, right?
- 13:51SPEAKER_01: So there's insider trading laws, right?
- 13:55SPEAKER_01: Insider trading laws are meant to constrain essentially,
- 14:01SPEAKER_01: you know,
- 14:02executives and directors and other responsible officials at
- 14:07publicly traded
- 14:07SPEAKER_01: companies,
- 14:08SPEAKER_01: right?
- 14:09SPEAKER_01: Like what it, the like legal meaning, right?
- 14:12of insider trading is that you are an insider to the business
- 14:16decision making of
- 14:18SPEAKER_01: these business enterprises.
- 14:20I think there's a common sense view in which public officials
- 14:26could be trading on
- 14:27insider information about American public policy or about truth
- 14:31social posts from
- 14:32SPEAKER_01: the president of the United States.
- 14:34SPEAKER_01: But I don't even know that that's a prosecutable case.
- 14:39SPEAKER_01: You know what I mean?
- 14:39SPEAKER_01: Because you're not,
- 14:40SPEAKER_01: if you're a guy who,
- 14:44SPEAKER_01: you know,
- 14:45has an in with somebody in the White House communications team
- 14:49and you're trading
- 14:50SPEAKER_01: on the basis of that,
- 14:52SPEAKER_01: it's not like a securities law.
- 14:55SPEAKER_01: issue.
- 14:56SPEAKER_01: Um,
- 14:56SPEAKER_01: it's a government ethics issue and the Supreme court has really shredded,
- 15:02SPEAKER_01: um,
- 15:03SPEAKER_01: like the bulk of public sector ethics.
- 15:06SPEAKER_00: I mean, I don't know.
- 15:07SPEAKER_00: I don't know if,
- 15:07SPEAKER_00: I don't know if there's some statute that was violated or not,
- 15:10SPEAKER_00: but I do know that like,
- 15:11SPEAKER_00: like what the constitution says about impeachment,
- 15:15SPEAKER_00: um,
- 15:16SPEAKER_00: would sure.
- 15:17SPEAKER_00: I mean,
- 15:17SPEAKER_01: it's a good,
- 15:18SPEAKER_01: it's a,
- 15:18SPEAKER_01: it's a great hearing topic,
- 15:20SPEAKER_01: you know,
- 15:20SPEAKER_01: and I think we have a number of,
- 15:23SPEAKER_01: uh,
- 15:24SPEAKER_01: episodes like this related to Trump's crypto.
- 15:27SPEAKER_00: I also mean just as a records keeping matter, right?
- 15:30SPEAKER_00: Like,
- 15:32SPEAKER_00: you know,
- 15:33I think some trading these days happens in an encrypted manner
- 15:40where it really
- 15:40would be difficult for a congressional committee to get to the
- 15:43bottom of who made
- 15:44SPEAKER_00: what trades.
- 15:45SPEAKER_00: Sure.
- 15:45SPEAKER_00: Like they could ask
- 15:48SPEAKER_00: like the owners of the trading platform who made the, we don't know.
- 15:54SPEAKER_00: And, but this was not, this was on an open market, right?
- 15:59SPEAKER_00: So like how,
- 16:01how is it sort of like the equivalent of like pulling a pen
- 16:05register or something
- 16:06SPEAKER_00: like that in a,
- 16:07in a different kind of investigation where the Democrats
- 16:09wouldn't have to go to the
- 16:10SPEAKER_00: white house.
- 16:11SPEAKER_00: They could go to,
- 16:13SPEAKER_00: It's not the Dow Jones Industrial Average, but you know.
- 16:15SPEAKER_01: Yes, the Chicago Mercantile Exchange keeps, I think it's five years.
- 16:20There's like some period of time that they keep the records of
- 16:24all the trades so
- 16:26SPEAKER_01: that they are in compliance with CFTC rules.
- 16:30SPEAKER_01: So I think that Congress can go to them and, you know, ask them.
- 16:36SPEAKER_01: Or maybe the Illinois Democrats should... Their records.
- 16:41SPEAKER_01: Yeah, maybe...
- 16:43SPEAKER_01: They can pull it out of there.
- 16:45SPEAKER_01: I don't know.
- 16:46I also,
- 16:46I don't know for sure that that is the relevant exchange for
- 16:50this.
- 16:50SPEAKER_00: Everything you hear on politics is a fact.
- 16:53SPEAKER_01: No, no, no.
- 16:53I mean,
- 16:54I just,
- 16:54you know,
- 16:54it's like there's a lot of different markets and stuff out
- 16:58there.
- 16:58But it's,
- 16:59you know,
- 17:00it's a fruitful line of inquiry for people looking at going on
- 17:04this.
- 17:04SPEAKER_01: Although I think ultimately,
- 17:05SPEAKER_01: right,
- 17:06SPEAKER_01: I mean,
- 17:06SPEAKER_01: you know,
- 17:07SPEAKER_01: the flip side is like what's going to matter much more.
- 17:11SPEAKER_01: you know,
- 17:11SPEAKER_01: to the politics is,
- 17:13SPEAKER_01: like,
- 17:13SPEAKER_01: what will unfold in the economy over the weeks and months to come.
- 17:18Because,
- 17:19you know,
- 17:19right now,
- 17:19I mean,
- 17:19it's like we're starting to see the,
- 17:21like,
- 17:22SPEAKER_01: well, gasoline is so expensive, you know, kind of posts.
- 17:25SPEAKER_01: And it is certainly more expensive than it was a month ago.
- 17:29SPEAKER_01: And Trump's like,
- 17:31SPEAKER_01: you know,
- 17:32SPEAKER_01: if you go back to the State of the Union address,
- 17:34SPEAKER_01: right,
- 17:34SPEAKER_01: like voters were already really mad at Trump about prices.
- 17:38SPEAKER_01: And Trump's best probably talking point in rebutting that was like,
- 17:42SPEAKER_01: look how cheap gasoline has become.
- 17:44So the fact that gasoline is no longer cheap is like bad for
- 17:47that gestalt.
- 17:49SPEAKER_01: But it's not so expensive yet that it's like,
- 17:52SPEAKER_01: meaningfully damaging the American economy.
- 17:55Um,
- 17:56we're like wrecking various Asian economies,
- 18:00um,
- 18:00as pure collateral damage.
- 18:02SPEAKER_01: And I think, you know, it's an interesting question.
- 18:05Will any of those countries ever like cooperate with the United
- 18:10States on like
- 18:11SPEAKER_01: major questions again?
- 18:13SPEAKER_01: Like it's, um,
- 18:17We've just like done incredible damage to the economy of South
- 18:21Korea and Japan and
- 18:22SPEAKER_01: all these other countries that nothing to do with this.
- 18:24And we're not like brought in on any way in this strategy and
- 18:27also do not benefit
- 18:29SPEAKER_01: from Trump's various efforts to manipulate futures markets.
- 18:34SPEAKER_01: Like they would be better off if Trump actually just said,
- 18:38SPEAKER_01: like,
- 18:38SPEAKER_01: look,
- 18:38SPEAKER_01: this is going to go on forever.
- 18:41Like everybody should make new infrastructure investments to
- 18:44like route oil around.
- 18:46Because right now they're like just helpless and paralyzed by
- 18:52this fight that they
- 18:52SPEAKER_01: have nothing to do with and can't resolve.
- 18:54SPEAKER_01: So it seems bad.
- 18:56SPEAKER_01: I'm against.
- 18:58SPEAKER_00: All right.
- 18:58SPEAKER_00: Should we talk about the shutdown then?
- 19:01SPEAKER_01: Yeah, man.
- 19:02SPEAKER_01: I got to get in an airplane next week.
- 19:04SPEAKER_00: Yeah.
- 19:05SPEAKER_00: I don't know.
- 19:07We had to cancel some spring travel,
- 19:09but all of that happened before the war.
- 19:12So now the problem is that we've deferred our vacation to the
- 19:18future when getting
- 19:20SPEAKER_00: anywhere will be much more expensive.
- 19:21SPEAKER_00: So that's great.
- 19:22SPEAKER_01: It's going to be like Mad Max by the time you go on vacation.
- 19:25SPEAKER_01: I've got work travel back to back with vacation travel coming this April.
- 19:29SPEAKER_01: Yeah.
- 19:29SPEAKER_00: My complaint has to do with the consequences of the war.
- 19:31SPEAKER_00: Your complaint has to do with the consequences of the shutdown.
- 19:35Exactly how early do I need to wake up on April 1st to get to
- 19:39Portland,
- 19:39Maine?
- 19:39SPEAKER_00: What time is your flight?
- 19:41SPEAKER_01: It's like an 8 a.m.
- 19:42SPEAKER_01: flight.
- 19:42SPEAKER_00: Oh, I would just go to the airport the night before.
- 19:44SPEAKER_00: Out of fucking Dulles.
- 19:45SPEAKER_01: I would go to the airport the night before and sleep on the car.
- 19:49SPEAKER_00: So just like to bring people back up to speed,
- 19:52SPEAKER_00: after the last government shutdown,
- 19:53SPEAKER_00: which ended close to the end of the year,
- 19:56SPEAKER_00: In 2025, Democrats extended funding for the government through January.
- 20:01SPEAKER_00: And in the intervening weeks,
- 20:02they worked with Republicans to fund basically all federal
- 20:06departments other than
- 20:07SPEAKER_00: the Department of Homeland Security.
- 20:09SPEAKER_00: So within DHS,
- 20:11the reason they won't fund Homeland Security is they want
- 20:14changes to ICE policy,
- 20:18SPEAKER_00: right?
- 20:18SPEAKER_00: I think they've reasoned.
- 20:19SPEAKER_00: The Republicans had pre-funded ICE for several years now.
- 20:24They don't really have enough juice right now to claw all of
- 20:30that money back.
- 20:31SPEAKER_00: So they're asking for policy changes,
- 20:34SPEAKER_00: maybe claw back a little money,
- 20:35SPEAKER_00: but get ICE agents to wear masks,
- 20:38SPEAKER_00: you know,
- 20:39SPEAKER_00: no quotas,
- 20:41SPEAKER_00: no Kavanaugh stops,
- 20:42SPEAKER_00: things like that.
- 20:46And so...
- 20:48Well,
- 20:48also,
- 20:49there's a certain amount of optionality to it,
- 20:51right?
- 20:52SPEAKER_01: Like ICE got this big,
- 20:55SPEAKER_01: it's not just large in quantity,
- 20:57SPEAKER_01: but like procedurally irregular injection of funding from OBBA.
- 21:03SPEAKER_01: And was sort of anticipating,
- 21:07SPEAKER_01: I think,
- 21:07like regular appropriations alongside what's sort of been put
- 21:11in their account.
- 21:13SPEAKER_01: Part of the...
- 21:15SPEAKER_01: Shut down.
- 21:17SPEAKER_01: As long as no appropriations are forthcoming,
- 21:20SPEAKER_01: like ICE operations continue and personnel continue to get paid.
- 21:24SPEAKER_01: But in effect, Trump is like drawing down this slush fund.
- 21:29SPEAKER_01: Yes.
- 21:29SPEAKER_01: Right.
- 21:30SPEAKER_01: Like there'd been a lot of commentary previously to the effect of like,
- 21:33now Trump has this giant ICE slush fund that he can do whatever
- 21:37he wants with.
- 21:39But now that slush fund is being used to just like pay
- 21:44conventional salaries.
- 21:46SPEAKER_00: I can't say this is exactly what happened,
- 21:48SPEAKER_00: but I think it's what happened,
- 21:50is that when Stephen Miller or whoever drew up the plans for
- 21:53this ICE expansion,
- 21:54SPEAKER_00: they were basically like,
- 21:55how much will it cost to have a military-sized secret police
- 21:59force to operate with
- 22:01impunity in the country and then to build out detention
- 22:04facilities for all the
- 22:05SPEAKER_00: people who get rounded up,
- 22:06SPEAKER_00: et cetera,
- 22:06SPEAKER_00: et cetera?
- 22:07SPEAKER_00: They came up with some number...
- 22:10SPEAKER_00: And they didn't think,
- 22:12SPEAKER_00: well,
- 22:12this is going to cause severe backlash that might trigger
- 22:15appropriations lapses.
- 22:17So we should also include an extra increment of funding to
- 22:21cover that contingency.
- 22:24SPEAKER_00: And so now that DHS is getting shut down,
- 22:26SPEAKER_00: as you say,
- 22:27they're not able to implement the policy plan as they imagined
- 22:31it because there's
- 22:34SPEAKER_00: still not enough money,
- 22:35even though they pre-funded themselves to the tune of 70 plus
- 22:38billion dollars.
- 22:39SPEAKER_01: But also, TSA agents are just not getting paid.
- 22:42SPEAKER_00: But DHS also includes Customs and Border Patrol, but then...
- 22:46like completely like disconnected from immigration enforcement,
- 22:52the Coast Guard,
- 22:53TSA,
- 22:54right?
- 22:56SPEAKER_00: And this is creating problems for those components of DHS.
- 23:00And the one that is causing like regular people to feel a pinch
- 23:06is TSA because TSA
- 23:07SPEAKER_00: agents aren't getting paid.
- 23:09SPEAKER_00: They're having a hard time keeping staffing levels up.
- 23:11SPEAKER_00: So there's really long lines at many big airports and,
- 23:17And and so that is what is like putting pressure on legislators
- 23:22to do something right now.
- 23:25SPEAKER_00: Yeah, kind of.
- 23:27SPEAKER_00: Yeah, well, okay, so... It's putting pressure.
- 23:30SPEAKER_01: It is generating news stories.
- 23:32SPEAKER_01: Yeah.
- 23:33SPEAKER_01: I know,
- 23:33SPEAKER_01: a week ago,
- 23:35Republicans were purporting to feel that this was going to be
- 23:41good for them,
- 23:42SPEAKER_01: that they were going to hang it on Democrats,
- 23:46SPEAKER_01: that Democrats are causing all these flight delays.
- 23:49SPEAKER_01: But then Democrats said, well, okay, we'll pass a...
- 23:53SPEAKER_01: TSA appropriation, if you want.
- 23:56Democrats have essentially argued that they are not trying to
- 24:02block appropriations
- 24:03SPEAKER_01: bills in order to secure leverage over immigration enforcement.
- 24:08That what they are trying to do is block additional funding for
- 24:11immigration
- 24:12enforcement unless they receive the policy changes that they
- 24:16are asking for.
- 24:17SPEAKER_01: So that then flipped it on Republicans,
- 24:19SPEAKER_01: who then said,
- 24:20SPEAKER_01: no,
- 24:21SPEAKER_01: we won't pass any funding bills that carve ice out.
- 24:27SPEAKER_01: So... I mean, yes.
- 24:28SPEAKER_01: The...
- 24:34SPEAKER_00: The basic idea is we'll fund Secret Service,
- 24:38SPEAKER_00: FEMA,
- 24:39SPEAKER_00: Coast Guard,
- 24:39SPEAKER_00: these agencies that have nothing to do with immigration enforcement,
- 24:42SPEAKER_00: and we'll have just a narrow shutdown of ICE and CBP.
- 24:46SPEAKER_00: The question of whether that's a good move or not,
- 24:51SPEAKER_00: I think,
- 24:51depends on whether the Trump gambit to make the public blame
- 24:57Democrats for the DHS
- 24:59SPEAKER_00: shutdown is working,
- 25:01SPEAKER_00: right?
- 25:01SPEAKER_00: If...
- 25:02If it's like the last shutdown where technically the Democrats
- 25:05kicked it off,
- 25:06but because people don't like Donald Trump and they've like
- 25:09correctly deduced that
- 25:12SPEAKER_00: he's the one who's always escalating and like flashing about and blah,
- 25:17SPEAKER_00: blah,
- 25:18SPEAKER_00: blah.
- 25:19SPEAKER_00: If the public's blaming him anyway,
- 25:22SPEAKER_00: then I think that the logic really points to using TSA as leverage,
- 25:27SPEAKER_00: right?
- 25:28SPEAKER_00: Yeah.
- 25:29SPEAKER_00: With the idea being that like no amount of,
- 25:32SPEAKER_00: you know,
- 25:33propaganda coming out of airport TVs or television ads or Trump
- 25:36getting in front of
- 25:37SPEAKER_00: cameras,
- 25:38SPEAKER_00: Republicans calling it the Democrat shutdown or whatever.
- 25:40SPEAKER_00: No amount of that kind of messaging is going to.
- 25:44SPEAKER_00: Yeah, yeah, yeah.
- 25:45SPEAKER_01: I'm just I'm just saying like that's.
- 25:48SPEAKER_01: That's not the road that we have traveled.
- 25:50Democrats seem to have lucked into the best of all possible
- 25:52worlds where they made
- 25:54a very simple move to disclaim this idea that they're using air
- 26:01travel as leverage
- 26:02SPEAKER_00: to say,
- 26:02SPEAKER_00: well,
- 26:03we'll just fund that because our beef is with ICE and CBP and
- 26:06not with TSA.
- 26:08SPEAKER_00: Republicans actually – the latest reporting is that –
- 26:12SPEAKER_00: John Thune went to Donald Trump and said,
- 26:15SPEAKER_00: look,
- 26:16SPEAKER_00: we can just agree to what Democrats are demanding and then use the budget
- 26:22reconciliation process where there's no filibuster to pass
- 26:26whatever we need for
- 26:27SPEAKER_00: ICE.
- 26:27SPEAKER_00: And Trump-
- 26:40Right now,
- 26:41ICE has been functioning by drawing down what was in the OBPA
- 26:45account.
- 26:45SPEAKER_01: And we can write a new reconciliation bill that just refills that.
- 26:50SPEAKER_01: And then Trump said no to that proposal.
- 26:53Yes,
- 26:53because much like in Iran,
- 26:57he does not like positive sum maneuvers if they –
- 27:03SPEAKER_00: carry a whiff of concession to them or of weakness, right?
- 27:09The only moves he likes and he will try as hard as he possibly
- 27:14can to use them are
- 27:16ones where he imposes enough pain on people he doesn't like so
- 27:20that they cry uncle,
- 27:23SPEAKER_00: which –
- 27:24SPEAKER_00: It actually makes him a bad fighter.
- 27:26SPEAKER_00: It's like the piece I'm working on for tomorrow is about this.
- 27:29Is that all you have to do is like brace yourself to endure the
- 27:33pain and understand
- 27:34SPEAKER_00: how to convey to the people suffering,
- 27:37SPEAKER_00: like why they're suffering.
- 27:38SPEAKER_00: And you can like make Trump step on his own dick, right?
- 27:44SPEAKER_00: That's what's happening in Iran.
- 27:46SPEAKER_00: And I think –
- 27:48it's what will make his decision to reject this idea from Thune
- 27:52unsustainable.
- 27:52SPEAKER_00: Like I suspect that after,
- 27:55SPEAKER_00: I mean,
- 27:55SPEAKER_00: possibly before people hear this episode,
- 27:58SPEAKER_00: but eventually he'll be like,
- 28:00SPEAKER_00: Oh yeah,
- 28:00SPEAKER_00: we,
- 28:00SPEAKER_00: we,
- 28:01SPEAKER_00: we can like kind of have our cake and eat it too.
- 28:03Go ahead and agree to the Democrats thing where like they'll
- 28:06fund all of DHS,
- 28:08except for ice.
- 28:09SPEAKER_00: Then we'll do our own thing for ice and, and like get this off our plate.
- 28:14SPEAKER_00: Like it's the logical thing, but, um,
- 28:18And like,
- 28:18I think it was like John Kennedy and Ted Cruz came up with this
- 28:21plan.
- 28:22So this is not like a squished sellout plan from Susan Collins
- 28:25or anything like that.
- 28:26And then John Kennedy had to go on TV and be like,
- 28:30we offered this to him.
- 28:31SPEAKER_00: It would have worked.
- 28:31SPEAKER_00: He said no, as he's entitled to.
- 28:34SPEAKER_01: But here's the catch.
- 28:36Like,
- 28:37one of the reasons why Ted Cruz offered this plan is that Ted
- 28:41Cruz was
- 28:43SPEAKER_01: Unrelated to this,
- 28:44SPEAKER_01: right,
- 28:45there was like a larger intra-Republican argument about should
- 28:49they try to pass a
- 28:50SPEAKER_01: new reconciliation bill this year at all,
- 28:53SPEAKER_01: right?
- 28:54SPEAKER_01: Because like,
- 28:55SPEAKER_01: you know,
- 28:55SPEAKER_01: when you're in the majority,
- 28:57the way you can like pass stuff most expeditiously is to do
- 29:02reconciliation bills.
- 29:03SPEAKER_01: So your more ideological members are always going to be like,
- 29:07SPEAKER_01: we should do more reconciliation bills,
- 29:09SPEAKER_01: right?
- 29:09SPEAKER_01: Like we should be reconciliation maxing.
- 29:13SPEAKER_01: The frontline members,
- 29:15SPEAKER_01: you know,
- 29:15SPEAKER_01: particularly in the House,
- 29:17SPEAKER_01: like,
- 29:17SPEAKER_01: they don't particularly want to do a new reconciliation bill.
- 29:20SPEAKER_01: So part of what Cruz was trying to do was,
- 29:23SPEAKER_01: like,
- 29:24SPEAKER_01: you know,
- 29:25SPEAKER_01: jam up frontline House members,
- 29:28SPEAKER_01: right,
- 29:28to resolve a deal that would require new reconciliation
- 29:33legislation to be written.
- 29:35SPEAKER_01: Now, what he's saying is that this new reconciliation bill...
- 29:39SPEAKER_01: Right?
- 29:39It's like,
- 29:39well,
- 29:40we'll just,
- 29:40like,
- 29:40address ICE in the reconciliation bill.
- 29:42SPEAKER_01: But then,
- 29:43SPEAKER_01: like,
- 29:43what's in the reconciliation bill besides ICE once the
- 29:47committees start writing
- 29:48SPEAKER_01: reconciliation instructions?
- 29:52SPEAKER_01: The House right now is 218 to 214 with three vacancies.
- 29:59So Republicans can lose one House defector and pass a
- 30:05reconciliation bill,
- 30:06SPEAKER_01: but they cannot lose two.
- 30:08SPEAKER_01: Two is a small number,
- 30:11SPEAKER_01: especially because Trump is openly at war with Tom Massey,
- 30:15SPEAKER_01: who,
- 30:16SPEAKER_01: as far as I know,
- 30:16SPEAKER_01: is not broken with Trump on this ICE issue,
- 30:20SPEAKER_01: but does not owe Donald Trump any favors and is in position to...
- 30:26I don't know,
- 30:26just like make whatever the fuck kind of demands he wants to
- 30:29make.
- 30:30SPEAKER_00: Like release the Epstein files?
- 30:32SPEAKER_01: I mean,
- 30:32SPEAKER_01: related to the Epstein files,
- 30:34SPEAKER_01: but also if he wants to like gain his conservative cred,
- 30:37SPEAKER_01: right?
- 30:37SPEAKER_01: Because like he's in a primary.
- 30:39He could be like,
- 30:39well,
- 30:39we need to like stop the,
- 30:41you know,
- 30:42Holocaust of the unborn.
- 30:43Like,
- 30:43you know,
- 30:44he can ask for whatever he wants and anybody can ask for
- 30:47whatever they want.
- 30:48when you're in a two vote margin and you have a bunch of
- 30:50frontline members.
- 30:51SPEAKER_00: And you have the budget, you have the, you have bird rules in the Senate.
- 30:54So a lot of the things that the house conservatives want and
- 30:58that Trump wants and
- 30:59SPEAKER_00: that Ted Cruz wants are not really going to fly.
- 31:02SPEAKER_00: Right.
- 31:02SPEAKER_00: Like, like I think that they would like to put the save America act on,
- 31:06SPEAKER_00: trans-ban stuff into the...
- 31:08SPEAKER_01: Well,
- 31:08SPEAKER_01: that was the latest thing,
- 31:09SPEAKER_01: was like,
- 31:10SPEAKER_01: well,
- 31:10maybe we can put elements of the Save America Act in a
- 31:13reconciliation bill.
- 31:14SPEAKER_01: And like, maybe.
- 31:16SPEAKER_01: We'll see.
- 31:17SPEAKER_01: But also, Lisa Murkowski doesn't support the Save America Act.
- 31:22So...
- 31:23No,
- 31:23I mean,
- 31:25if you are a coherent party with a problem on your hands,
- 31:32which I think the
- 31:33SPEAKER_00: Republicans have a problem on their hands with with the TSA shutdown.
- 31:39SPEAKER_00: This is a way to just solve that problem, right?
- 31:42You don't use the budget reconciliation process for any goodies
- 31:46that like you might
- 31:49SPEAKER_00: prefer to enact if you had bigger majorities.
- 31:51SPEAKER_00: You just say, look, Democrats are using the filibuster.
- 31:55SPEAKER_00: to jam us on this DHS funding bill.
- 32:01SPEAKER_00: We don't want to agree to their terms for reopening DHS.
- 32:06So we're just going to take the whole process out of the normal
- 32:09appropriations
- 32:10SPEAKER_00: process and do it in reconciliation.
- 32:13SPEAKER_00: And we are not going to allow any extraneous things in.
- 32:16We are just going to be like,
- 32:18all of DHS is funded,
- 32:19voterama,
- 32:20final vote,
- 32:21done.
- 32:22SPEAKER_00: Yes.
- 32:23SPEAKER_00: And then and then like, you know, Democrats, quote unquote, lose.
- 32:27SPEAKER_00: Right.
- 32:27But like they didn't really lose because their fingerprints
- 32:30aren't on anything.
- 32:31Like,
- 32:31it's true that Republicans just have more power because they're
- 32:34in the majority.
- 32:36SPEAKER_00: And like,
- 32:37if I were Donald Trump and had as much leverage over
- 32:40Republicans in Congress as he
- 32:41SPEAKER_00: does,
- 32:43SPEAKER_00: I would say,
- 32:44SPEAKER_00: let's just end this pesky fight.
- 32:46SPEAKER_00: Forget about the appropriation bill, just fund DHS.
- 32:51SPEAKER_00: All of it in reconciliation.
- 32:53SPEAKER_00: Get it done in a couple of weeks.
- 32:55SPEAKER_00: We'll be good to go.
- 32:55SPEAKER_00: And and then,
- 32:56SPEAKER_00: you know,
- 32:57Democrats can wait until the next appropriations deadline to
- 32:59try to jam us on
- 33:00SPEAKER_00: stuff.
- 33:01And my point was only that Donald Trump doesn't see that as a
- 33:06satisfying victory.
- 33:08because it's essentially walking away from the fight and around
- 33:11it,
- 33:11right?
- 33:12SPEAKER_00: Sure.
- 33:12SPEAKER_00: Instead of breaking Democrats' will.
- 33:16SPEAKER_00: And his very,
- 33:19SPEAKER_00: very,
- 33:19very strong preference and inclination is that that is the way
- 33:22to do business
- 33:23SPEAKER_00: across the board,
- 33:24SPEAKER_00: right?
- 33:25SPEAKER_00: Sure.
- 33:25Against Democrats in in the in the DHS funding fight against
- 33:29Iran and trying to get
- 33:30SPEAKER_00: the Strait of Hormuz reopened.
- 33:32SPEAKER_00: And it's you know, it's like it it tempts him to do very evil things.
- 33:38But it also just tempts him to make a bunch of fucking
- 33:40boneheaded mistakes.
- 33:43SPEAKER_00: Yeah.
- 33:43And like my basic thought on this is that once you kind of
- 33:47recognize that about Donald Trump.
- 33:50You can outmaneuver him in a fight knowing that like what he's
- 33:55going to do is cause
- 33:57SPEAKER_00: harm to himself and to innocent bystanders and blah,
- 34:00SPEAKER_00: blah,
- 34:01SPEAKER_00: blah.
- 34:03SPEAKER_00: And you just have to like if you're a Democrat.
- 34:07SPEAKER_00: kind of accept that what he does is out of your control,
- 34:12SPEAKER_00: and it's not your job to restrain him from hurting people for no reason.
- 34:18SPEAKER_00: It's your job to,
- 34:18SPEAKER_00: when he hurts people for no reason,
- 34:20SPEAKER_00: make them turn against him and then beat him in the next election.
- 34:25SPEAKER_00: And I could nitpick over this...
- 34:32SPEAKER_00: Democratic decision to to say, hey, yeah, we'll fund TSA.
- 34:36SPEAKER_00: We'll get rid of our leverage point.
- 34:38We'll get rid of the one thing causing actual Americans
- 34:43difficulty and just have a
- 34:45SPEAKER_00: good faith negotiation with you about what to do about ICE policy.
- 34:49SPEAKER_00: I can quibble with that.
- 34:50SPEAKER_00: But basically,
- 34:51I think that what they have learned over the course of several
- 34:55appropriations
- 34:56SPEAKER_00: fights is this thing,
- 34:58SPEAKER_00: which is that like.
- 35:01SPEAKER_00: If you corner Trump,
- 35:03SPEAKER_00: he will start imposing pain on everybody,
- 35:07SPEAKER_00: including himself,
- 35:09SPEAKER_00: in a very politically counterproductive way,
- 35:11SPEAKER_00: and that's the win.
- 35:14SPEAKER_01: Yeah.
- 35:14SPEAKER_01: I mean, I don't—I think that that is true.
- 35:20SPEAKER_01: I think—you know,
- 35:21SPEAKER_01: I mean,
- 35:21SPEAKER_01: I think that we—you know,
- 35:22SPEAKER_01: we saw in the prior shutdown fight that,
- 35:25SPEAKER_01: though,
- 35:25SPEAKER_01: I think there was a real—
- 35:30SPEAKER_01: Oh, yeah, it's the same as the war in Iran, right?
- 35:32SPEAKER_01: Like, clearly Trump attacking Iran.
- 35:36is the best thing that has happened for the Democratic Party's
- 35:41electoral fortunes
- 35:43SPEAKER_01: in,
- 35:44SPEAKER_01: you know,
- 35:44SPEAKER_01: a while.
- 35:45SPEAKER_01: It's a gift to the opposition.
- 35:47SPEAKER_00: There have been like two or three.
- 35:49SPEAKER_00: There was Liberation Day, the first shutdown.
- 35:51SPEAKER_00: Like Trump keeps giving them.
- 35:53SPEAKER_01: Sure, right.
- 35:54But I mean,
- 35:54but the mode of action is like bad things happen in the world.
- 36:00And,
- 36:00you know,
- 36:01I think a lot of people for fairly good reasons are not,
- 36:05you know,
- 36:08excited to look at bad things happening in the world and be
- 36:11like,
- 36:12this is great.
- 36:13SPEAKER_01: You know, like, I'm doing amazing work.
- 36:15SPEAKER_01: Like,
- 36:16SPEAKER_01: I keep joking around with you and others that,
- 36:18SPEAKER_01: like,
- 36:19SPEAKER_01: Chuck Schumer and the other,
- 36:20SPEAKER_01: like,
- 36:20SPEAKER_01: waning group of pro-Israel Democrats should be just,
- 36:24SPEAKER_01: like,
- 36:24out there egging Trump on to be more destructive and make worse
- 36:30things happen.
- 36:31SPEAKER_01: You know,
- 36:31SPEAKER_01: and we saw in the prior shutdown that it's,
- 36:33SPEAKER_01: like,
- 36:34when Democrats got spooked about the prospect of people losing
- 36:38their food stamps
- 36:40SPEAKER_01: and
- 36:41SPEAKER_01: It wasn't like real leverage against them in a political sense.
- 36:45SPEAKER_01: They just like they felt sad about it.
- 36:48This airline thing is kind of different because it like most
- 36:52people are not
- 36:53SPEAKER_01: particularly impacted by TSA disruptions,
- 36:56SPEAKER_01: but it is highly impactful for senior congressional staffers,
- 37:01SPEAKER_01: members of Congress and professional political journalists,
- 37:04all of whom are people who fly in airplanes dramatically more
- 37:07than the average
- 37:08SPEAKER_01: person.
- 37:09SPEAKER_01: So, you know, we'll we'll see what happens.
- 37:12But I want to take a break and and try to take stock of like
- 37:16where we actually are
- 37:17SPEAKER_01: in this as Democrats seem to seem to be like winning.
- 37:20SPEAKER_01: But how satisfying is it?
- 37:23SPEAKER_00: Yeah,
- 37:24SPEAKER_00: OK,
- 37:24SPEAKER_00: if you want to hear that part of the conversation,
- 37:26SPEAKER_00: you can go to politics.fm and upgrade your subscription.