Latest / Breaking Points with Krystal and Saagar / 9/2/26: Iran Hits U.S. Bases, Global Bond Market Chaos, Ed Market Crushes Moulton

Transcript

9/2/26: Iran Hits U.S. Bases, Global Bond Market Chaos, Ed Market Crushes Moulton · Breaking Points with Krystal and Saagar

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  Speaker 3: show to the end of the show because huge, huge news,
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  Speaker 3: starting with Iran. And we'll be talking about the Japanese
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  Speaker 3: expect coming down the pike in just a year or so.
• 3:33
  Speaker 1: Yes.
• 3:34
  Speaker 5: So let's start with Iran.
• 3:36
  Speaker 4: Yesterday, we can put up A4 to begin with here.
• 3:39
  Speaker 4: Yesterday around noon, the U.S. started striking positions on the
• 3:46
  Speaker 4: south of Iran, which would be the north side of
• 3:48
  Speaker 4: the Strait of Hormuz. That was in retaliation, they said, for, well,
• 3:55
  Speaker 4: actually they said it was kind of an effort to
• 3:58
  Speaker 4: preempt Iran, which they said was going to launch missiles
• 4:03
  Speaker 4: into the Strait of Hormuz that would drop more mines
• 4:07
  Speaker 4: to try to block shipping from going in and out.
• 4:10
  Speaker 5: If you can put up.
• 4:11
  Speaker 4: A4B, this is roughly the site of a number of
• 4:17
  Speaker 4: these strikes. One of these strikes, the one furthest to
• 4:21
  Speaker 4: the southeast there, hit a hit a wedding party. And
• 4:26
  Speaker 4: we can, um, get into that, into that more, uh,
• 4:29
  Speaker 4: because Iran then responded, uh, with a rather, uh, furious
• 4:36
  Speaker 4: attack on, uh, US bases in Jordan, uh, and in particular, uh, Erbil,
• 4:42
  Speaker 4: if we can put up a zero here, um, as,
• 4:46
  Speaker 4: as well as elsewhere around the region, you saw the
• 4:49
  Speaker 4: US expending, uh, kind of huge numbers of ballistic missile
• 4:53
  Speaker 4: interceptors and particularly in Erbil, you can put up A1
• 4:58
  Speaker 4: here as well, in Erbil, not get, this is Jordan,
• 5:02
  Speaker 4: but in Erbil, the base up there is on fire.
• 5:05
  Speaker 4: So this is Jordan. You see a strike there. The
• 5:09
  Speaker 4: fear among families of American service members is that Iran
• 5:16
  Speaker 4: claims to have struck a Marine base, which does not
• 5:21
  Speaker 4: have a lot of kind of expensive.
• 5:25
  Speaker 5: Material or other infrastructure.
• 5:28
  Speaker 4: And so because it's only people, therefore doesn't have much
• 5:31
  Speaker 4: in the way of ballistic missile defense. And so Iran
• 5:35
  Speaker 4: was claiming that it had produced some type of mass
• 5:38
  Speaker 4: casualty event. There were some reports of medevacs. We don't
• 5:42
  Speaker 4: know yet if there were actually casualties. If you've noticed
• 5:46
  Speaker 4: in the way that Iran has been carrying out its responses,
• 5:50
  Speaker 4: They've been targeting primarily U.S. kind of satellites, helicopters, planes
• 5:59
  Speaker 4: inside warehouses, the NSA Bahrain, where the Fifth Fleet is,
• 6:04
  Speaker 4: the base there. A lot of those bases have been evacuated.
• 6:07
  Speaker 4: Iran was targeting the military infrastructure. A couple of times
• 6:12
  Speaker 4: they have said that they have deliberately targeted personnel, and
• 6:15
  Speaker 4: this was one of them. And they say that they
• 6:17
  Speaker 4: did it in response to to the U.S. bombing this
• 6:20
  Speaker 4: wedding party. The other time that they said, we targeted personnel,
• 6:26
  Speaker 4: and that time they did kill several American service members, was.
• 6:30
  Speaker 5: In response, if you remember, when the U.S.
• 6:32
  Speaker 4: Bombed an Iranian dormitory that was housing a bunch of
• 6:37
  Speaker 4: 18-year-old recruits and killed a lot of them in their sleep.
• 6:42
  Speaker 5: So Iran said, okay, we are now.
• 6:45
  Speaker 4: Because they don't believe that there's a strategic purpose in
• 6:50
  Speaker 4: killing three service members. Um, but it, as a deterrent
• 6:57
  Speaker 4: for the U S attacking either Iranian civilians or like,
• 7:01
  Speaker 4: you know, sleeping 18 year olds in a, in a dormitory, uh,
• 7:04
  Speaker 4: they do it. So, you know, Pete Hegseth got rid
• 7:07
  Speaker 4: of almost the entire kind of civilian protection unit very
• 7:12
  Speaker 4: early on. There's been some, a lot of good reporting
• 7:14
  Speaker 4: on this and has, has said like he, it is
• 7:18
  Speaker 4: not a, concern of his, right?
• 7:20
  Speaker 5: This is war. Bad things happen in war. Too bad.
• 7:25
  Speaker 5: Suck it up.
• 7:26
  Speaker 4: But he is not the one that has to then
• 7:28
  Speaker 4: bear the consequences of that. So when he bombs a
• 7:33
  Speaker 4: wedding party, it's these Marines in Jordan who had nothing
• 7:38
  Speaker 4: to do with it, who now all of a sudden
• 7:40
  Speaker 4: are just getting hit in retaliation for it. And so
• 7:45
  Speaker 4: this is basically the first exchange since the past month.
• 7:48
  Speaker 3: Mm-hmm. Um, since reports indicated how severe our shortage was. Right. Right.
• 7:56
  Speaker 4: And so think about what happened. We are trying to
• 8:01
  Speaker 4: keep shipping in the Southern part of the Strait of
• 8:03
  Speaker 4: Hormuz flowing. Iran was, let's say they were going to
• 8:07
  Speaker 4: send some mines in there. So we then bomb a
• 8:10
  Speaker 4: bunch of locations along the Strait of Hormuz. Uh, they
• 8:14
  Speaker 4: then launch a bunch of ballistic missiles at a lot
• 8:15
  Speaker 4: of military position, us military positions around the region. We
• 8:20
  Speaker 4: expend a whole bunch of ballistic missile interceptors.
• 8:23
  Speaker 5: And now here we are. It's Wednesday.
• 8:24
  Speaker 4: Iran still has the capacity to target ships in the
• 8:28
  Speaker 4: Strait of Hormuz. Hopefully, you know, the casualties were not significant.
• 8:35
  Speaker 4: But we're right back to where we were, except significantly
• 8:38
  Speaker 4: fewer ballistic missile interceptors on the part of the U.S.,
• 8:42
  Speaker 4: despite our dwindling stocks.
• 8:43
  Speaker 3: And no quote-unquote progress towards the end.
• 8:46
  Speaker 4: Of what this war is supposed to be. What were
• 8:48
  Speaker 4: we trying to do?
• 8:49
  Speaker 3: Well, yeah. And even saying what this war is supposed
• 8:51
  Speaker 3: to be is ridiculous because they never had a clear
• 8:53
  Speaker 3: indication of what this war was supposed to be. Speaking
• 8:55
  Speaker 3: of which, Donald Trump yesterday afternoon, threatened to wipe out
• 8:59
  Speaker 3: Iran once again. Let's take a listen to A2 here.
• 9:01
  Speaker 6: Just before they completed this construction, that's when these strikes
• 9:05
  Speaker 6: took place. The president says the USS George Washington, that
• 9:09
  Speaker 6: new aircraft carrier that arrived in theater last week, is
• 9:12
  Speaker 6: loaded to the gills with ammunition. And he indicated that
• 9:16
  Speaker 6: they have enough to continue this fight against Iran, again,
• 9:19
  Speaker 6: if the Iranians do decide to respond. As for any
• 9:22
  Speaker 6: sort of possible agreement with the Iranians, but again, the
• 9:25
  Speaker 6: latest information that we have, John, U.S. strikes are ongoing
• 9:28
  Speaker 6: against Iran, hitting the southwestern part of the country. And
• 9:32
  Speaker 6: the president, once again, in a call with Fox News,
• 9:35
  Speaker 6: warning the Iranian regime, if they respond to these strikes
• 9:39
  Speaker 6: against the southwestern part of Iran, that they will be
• 9:42
  Speaker 6: hit much harder. And again, he goes on to say
• 9:44
  Speaker 6: if this goes for a third time, they will be
• 9:46
  Speaker 6: wiped out as a country. He described the Iranians as
• 9:49
  Speaker 6: crazy and stupid. And again, the region is waiting to
• 9:52
  Speaker 6: see if there will be an Iranian response already in
• 9:54
  Speaker 6: Iranian state media. They are threatening retaliation against U.S. forces
• 9:58
  Speaker 6: in the region.
• 9:59
  Speaker 3: We also have a true social post from Trump last night.
• 10:02
  Speaker 3: He said, I'm not trying to force Iran to the
• 10:04
  Speaker 3: bargaining table as ABC fake news reported. I couldn't care
• 10:07
  Speaker 3: less if they sign a worthless to them agreement. I
• 10:10
  Speaker 3: like our position now much better with almost total control
• 10:13
  Speaker 3: of the Hormuz Strait and their economy totally collapsing. They're
• 10:17
  Speaker 3: just playing out the inevitable. When are the Iranian people
• 10:20
  Speaker 3: going to rise up and fight? So returning to the
• 10:24
  Speaker 3: call for Iranians to overthrow their own government, which has
• 10:29
  Speaker 3: maintained power since Trump, obviously, and the Israelis took out
• 10:34
  Speaker 3: the Ayatollah all the way back on the end of February. Still,
• 10:38
  Speaker 3: here we are in, what, September now, and the calls
• 10:41
  Speaker 3: for the Iranians to overthrow their government, which has not
• 10:43
  Speaker 3: happened in all of these months. If anything, the indication
• 10:46
  Speaker 3: that we've gotten, Ryan, is that the Iranian solidarity with
• 10:51
  Speaker 3: each other for their country against the United States has
• 10:55
  Speaker 3: grown and that we're not on the cusp of another revolution. Right.
• 11:00
  Speaker 4: But remember, we were talking about this maybe a month
• 11:02
  Speaker 4: ago or so, and we're like, the only thing that
• 11:07
  Speaker 4: might explain what Trump is doing here is that he
• 11:11
  Speaker 4: knows he can't win.
• 11:13
  Speaker 5: He refuses to lose.
• 11:14
  Speaker 3: Mm-hmm.
• 11:16
  Speaker 4: And he's gonna do what he's done his entire life,
• 11:18
  Speaker 4: which is just live another day and just see what happens.
• 11:22
  Speaker 4: And I think the Israelis and some other folks are
• 11:26
  Speaker 4: whispering in his ear that things are getting terrible in
• 11:30
  Speaker 4: Iran and any minute now, maybe the people will overthrow
• 11:34
  Speaker 4: the government there. And so in his mind, better to
• 11:38
  Speaker 4: take a 1% chance at success down the road than 100%
• 11:42
  Speaker 4: success of a humiliating, capitulation right now.
• 11:49
  Speaker 3: Or just don't even put yourself in the situation where
• 11:51
  Speaker 3: you have a capitulation by starting the war.
• 11:53
  Speaker 5: But he did. But he can't go back and undo that.
• 11:57
  Speaker 4: And so then the only price to pay there is
• 12:00
  Speaker 4: by American service members who are in the region and
• 12:03
  Speaker 4: by the American people who are now Brent crude pushing
• 12:07
  Speaker 4: above $ 94 as we speak. So up substantially since he
• 12:11
  Speaker 4: started this new round of conflict. Diesel in the $ 6 range.
• 12:16
  Speaker 4: plus range, and then everybody in the global economy, which
• 12:19
  Speaker 4: we're going to talk about in a minute.
• 12:21
  Speaker 5: So those people will suffer, but he's fine. And Republicans
• 12:26
  Speaker 5: will suffer.
• 12:27
  Speaker 4: But, you know, he's got control of the Postal Service,
• 12:30
  Speaker 4: and the Supreme Court told him it's fine to go
• 12:31
  Speaker 4: ahead and grab like a third of the votes that
• 12:35
  Speaker 4: are coming through are supposed to go.
• 12:36
  Speaker 5: Through the mail.
• 12:38
  Speaker 4: And the Supreme Court's going to let him do that.
• 12:40
  Speaker 4: So maybe he thinks, all right, I'll pull a couple
• 12:43
  Speaker 4: rabbits out of this hat. One, I will just shut
• 12:46
  Speaker 4: down mail-in voting by my control over the Postal Service,
• 12:50
  Speaker 4: which he has because Democrats were too stupid and cowardly
• 12:54
  Speaker 4: to get rid of the Trump people who ran the
• 12:55
  Speaker 4: Postal Service during the Biden years.
• 12:58
  Speaker 5: And the Supreme Court was like, yeah, sure, go for that.
• 13:00
  Speaker 5: And he think maybe they'll overthrow the government.
• 13:02
  Speaker 3: Who knows?
• 13:03
  Speaker 4: And if they don't, who cares?
• 13:04
  Speaker 3: Well, in that true social, he also said that these
• 13:10
  Speaker 3: deals he's made with Iran are worthless to them or
• 13:12
  Speaker 3: these whether it's the MOU or other negotiations, they're, quote,
• 13:17
  Speaker 3: worthless to them, to the Iranians. And that, I know
• 13:21
  Speaker 3: it's just a passing line in his Truth Social post.
• 13:24
  Speaker 3: That does feel really bleak because it seems that he
• 13:27
  Speaker 3: feels he doesn't have to really come to any conclusion
• 13:33
  Speaker 3: in this conflict and that he can continue. I think
• 13:36
  Speaker 3: what's become obvious to everybody is that he is continuing
• 13:39
  Speaker 3: to just try and play it out. trying to make
• 13:41
  Speaker 3: Americans feel a little bit better about their economic situation,
• 13:45
  Speaker 3: and not cleverly or with any political smoothness whatsoever, telling
• 13:51
  Speaker 3: people if they don't like data centers, it's their fault
• 13:53
  Speaker 3: that they're poor, those sorts of things. It's not as
• 13:55
  Speaker 3: though he's doing this in a really clever way, but
• 13:58
  Speaker 3: it seems that he's just trying to coast without drawing
• 14:02
  Speaker 3: anything to a conclusion, which on the one hand, I
• 14:05
  Speaker 3: suppose it means we're not in for major escalation in
• 14:08
  Speaker 3: the near future. On the other hand... that threat remains
• 14:11
  Speaker 3: the longer that you're actually in a hot conflict.
• 14:14
  Speaker 4: And Congress, which is controlled in both chambers by Republicans,
• 14:19
  Speaker 4: passed a war powers resolution requiring the war to come
• 14:22
  Speaker 4: to an end.
• 14:23
  Speaker 3: Right.
• 14:23
  Speaker 4: Constitutionally speaking, that should be the end of it. Greg Meeks,
• 14:28
  Speaker 4: who was the top Democrat on the House Foreign Affairs Committee, said,
• 14:31
  Speaker 4: I don't even know if he was misspeaking or what,
• 14:33
  Speaker 4: said he was going to sue Speaker Johnson to enforce it.
• 14:35
  Speaker 3: Damn.
• 14:37
  Speaker 4: Um, because there is a real question of, okay, you've
• 14:39
  Speaker 4: passed your war powers resolution. Now, how do you enforce it? Uh,
• 14:43
  Speaker 4: but from a constitutional perspective, this war has been ordered
• 14:49
  Speaker 4: halted by Congress, which has war making authority. Like it's
• 14:55
  Speaker 4: right there in the constitution declaring war up to them.
• 14:58
  Speaker 4: War powers act gives us power to Congress. Um, and
• 15:03
  Speaker 4: yet he's just pressing ahead. Uh, Mike Johnson, was pressed recently,
• 15:07
  Speaker 4: I guess it was yesterday, on, hey man, you were
• 15:12
  Speaker 4: pretty sure that this thing was almost over.
• 15:13
  Speaker 5: What happened? Here's A5.
• 15:16
  Speaker 7: On Iran, you said repeatedly that this war was going
• 15:19
  Speaker 7: to be over soon. You said that this would be
• 15:21
  Speaker 7: a temporary blip on gas prices. It is more than
• 15:25
  Speaker 7: six months. People are getting hurt still at the pump.
• 15:28
  Speaker 7: Should the American people not also judge you on gas?
• 15:31
  Speaker 7: Your projections here that were clearly off base.
• 15:34
  Speaker 5: Manu, that is one of the stupidest questions you've ever asked.
• 15:36
  Speaker 5: Why is that stupid? I have nothing to do with
• 15:38
  Speaker 5: the prosecution of the war across the globe.
• 15:41
  Speaker 4: You are responsible.
• 15:43
  Speaker 7: You are selling this to the American public, are you not?
• 15:45
  Speaker 4: So should the House Speaker be held responsible for the
• 15:48
  Speaker 4: duration of a military conflict around the globe?
• 15:51
  Speaker 5: You answer that question.
• 15:52
  Speaker 7: I mean, you call this a short-term skirmish. It is
• 15:54
  Speaker 7: costing billions of dollars.
• 15:56
  Speaker 4: That is such an impressive assertion of powerlessness. I thought
• 15:59
  Speaker 4: that was a Democrat for a second.
• 16:01
  Speaker 3: That was pretty.
• 16:02
  Speaker 5: That was amazing.
• 16:03
  Speaker 3: He also, I mean, so he's always been, this probably
• 16:06
  Speaker 3: hasn't gotten enough coverage, his prickliness about having to defend
• 16:09
  Speaker 3: the war. You've seen it over and over again, like
• 16:11
  Speaker 3: basically since it began. Because what are you supposed to
• 16:14
  Speaker 3: say to a question like that? Actually, you are the
• 16:16
  Speaker 3: Speaker of the House. So clapping back at Manu, like
• 16:20
  Speaker 3: what do I have to do with any of this
• 16:21
  Speaker 3: is so ridiculous. But a statement on the expectation of
• 16:25
  Speaker 3: that we don't hold Congress responsible at this point for
• 16:28
  Speaker 3: prosecuting wars around. Like that is actually his job. He
• 16:30
  Speaker 3: just said that his he described his job when he's
• 16:34
  Speaker 3: saying it's not me.
• 16:35
  Speaker 5: Right.
• 16:36
  Speaker 3: It was actually a description of exactly him.
• 16:38
  Speaker 4: Right. Congress does not have kind of war making powers
• 16:42
  Speaker 4: in an advisory capacity.
• 16:44
  Speaker 5: It's right there.
• 16:46
  Speaker 4: He could he doesn't need to be sued by Greg Meeks.
• 16:50
  Speaker 4: He could he could file something with the Supreme Court.
• 16:54
  Speaker 5: He has standing.
• 16:55
  Speaker 4: He's the House Speaker. He passed a war powers resolution.
• 16:59
  Speaker 4: And the Supreme Court could then order that this war
• 17:01
  Speaker 4: come to an end. And then you have a constitutional
• 17:05
  Speaker 4: crisis if Trump insists that it continue. And then the
• 17:09
  Speaker 4: Secretary of Defense obviously would continue to tell, you know,
• 17:14
  Speaker 4: good Lord, whoever he puts in position to replace Driscoll.
• 17:17
  Speaker 5: Did you see Brian Mast?
• 17:19
  Speaker 3: Yeah, I did see that report.
• 17:21
  Speaker 4: Speaking of civilian casualties, this guy glories when, particularly when
• 17:27
  Speaker 4: children have been killed in Gaza. He's like celebrated it.
• 17:30
  Speaker 4: Future terrorists is what he calls them. So this guy's
• 17:36
  Speaker 4: being floated for army secretary. So at that point, so yeah,
• 17:38
  Speaker 4: then you get a constitutional crisis because the Supreme Court
• 17:40
  Speaker 4: is saying this war has to end. Congress has ended it.
• 17:45
  Speaker 4: It's very clear this requires no interpretation or Harvard law degree.
• 17:49
  Speaker 2: Yeah.
• 17:49
  Speaker 4: Done.
• 17:50
  Speaker 5: So you must order it. You must end it.
• 17:52
  Speaker 4: And then then then you get the question of whether
• 17:55
  Speaker 4: or not the president abides by that Supreme Court order.
• 17:58
  Speaker 4: But unquestionably, Mike Johnson could do something.
• 18:02
  Speaker 5: He just has no interest in doing it.
• 18:03
  Speaker 3: We should also pause for a moment and just not
• 18:05
  Speaker 3: take for granted. what the answer would be politically if
• 18:08
  Speaker 3: Republicans were in a good situation, again, politically and substantively,
• 18:13
  Speaker 3: you would say, well, why would we stop this war?
• 18:16
  Speaker 3: Why would I ever want to stop this war? This
• 18:18
  Speaker 3: war is important. We are preventing nuclear catastrophe. We are
• 18:23
  Speaker 3: protecting the homeland. He doesn't say any of that. He's like,
• 18:25
  Speaker 3: it's not my job. He didn't say anything in defense
• 18:29
  Speaker 3: of the war when getting pressed by Manu Raju there.
• 18:31
  Speaker 3: He tried to deflect. And that tells you, that's the
• 18:35
  Speaker 3: Republican Speaker of the House of Representatives, who right now
• 18:39
  Speaker 3: obviously has his candidates around the country struggling in their
• 18:41
  Speaker 3: midterm elections. So that tells you how behind closed doors
• 18:47
  Speaker 3: a lot of Republicans are absolutely furious about the way
• 18:50
  Speaker 3: that this war has gone. It's not that they don't
• 18:51
  Speaker 3: support taking on Iran, it's that They either wish it
• 18:57
  Speaker 3: had been faster and more furious from the beginning and
• 19:01
  Speaker 3: they thought it should have been escalated and should have
• 19:03
  Speaker 3: had boots on the ground and Karg Island and gone
• 19:06
  Speaker 3: and got the nuclear dust or whatever. Or they're just
• 19:09
  Speaker 3: deeply frustrated with the way the president is at this
• 19:12
  Speaker 3: point just talking and seeming like he's listless and what
• 19:16
  Speaker 3: he actually wants to do. There doesn't seem to be
• 19:19
  Speaker 3: any plan. The way the war was executed, I mean,
• 19:21
  Speaker 3: everyone watching knows what I'm talking about, but I don't
• 19:24
  Speaker 3: want to take for granted that this is the Speaker
• 19:25
  Speaker 3: of the House who's deflecting and not defending the war
• 19:29
  Speaker 3: like that. Right, yeah.
• 19:30
  Speaker 4: Why are you bothering me with this trivial stuff? I'm
• 19:33
  Speaker 4: going to put up A8 just to give people a
• 19:35
  Speaker 4: sense of how this is unfolding in Iran with the
• 19:41
  Speaker 4: Iranian people. So this is Iranian state TV. These are
• 19:44
  Speaker 4: victims of this attack on the wedding. They're saying that,
• 19:48
  Speaker 4: you know, now at this point, five people killed, including
• 19:51
  Speaker 4: a four-year-old child, 63 injured. Of the 63, 50 were
• 19:57
  Speaker 4: women and children. This footage that you're looking at here
• 20:01
  Speaker 4: is Minab Hospital, which is the hospital that would have
• 20:06
  Speaker 4: treated the girls who survived the attack on the school there.
• 20:10
  Speaker 4: This is the same area that has now faced two
• 20:14
  Speaker 4: of the most high-profile attacks on civilians in this war.
• 20:19
  Speaker 4: I think it's very, maybe it shouldn't be, it's difficult
• 20:24
  Speaker 4: for us to kind of comprehend how powerful the U.S.
• 20:31
  Speaker 4: starting the war by attacking this girls' school and killing
• 20:34
  Speaker 4: 150-plus girls is. has been in the kind of Iranian psyche.
• 20:42
  Speaker 4: If you just imagine that that's how, if that happened here,
• 20:47
  Speaker 4: like we would remember it for a century. And so
• 20:53
  Speaker 4: now to have this new attack hit this wedding party
• 21:01
  Speaker 4: in the same town, effectively, you know, is I'm sure
• 21:07
  Speaker 4: further in kind of inflaming Iranian resistance and the Iranian
• 21:11
  Speaker 4: public's willingness to say, okay, yeah, like prices are up.
• 21:15
  Speaker 4: Like it's certainly true that inflation is high in Iran
• 21:20
  Speaker 4: right now. But this is, from their perspective, this is
• 21:25
  Speaker 4: what they're up against. Now, there was some communication device
• 21:31
  Speaker 4: that was struck about 150 yards from this.
• 21:32
  Speaker 5: So that.
• 21:34
  Speaker 4: Appears to be the target and then the second strike
• 21:38
  Speaker 4: was this should we.
• 21:40
  Speaker 5: Do schumer or we just move on.
• 21:42
  Speaker 3: I think we should definitely do schumer because.
• 21:44
  Speaker 5: This was interesting right.
• 21:45
  Speaker 3: This was interesting so here he is this was on
• 21:48
  Speaker 3: morning joe yesterday struggling to explain we just saw mike
• 21:51
  Speaker 3: johnson struggling from the republican perspective to deal with the
• 21:54
  Speaker 3: war this should not be that difficult for chuck schumer
• 21:56
  Speaker 3: but let's take a listen Hold a second.
• 21:58
  Speaker 4: You got to answer my question first.
• 22:00
  Speaker 8: Is it a good thing that Iran, and I think
• 22:03
  Speaker 8: you would agree with me, epicenter of terrorism in the
• 22:06
  Speaker 8: world since 1979, is it good that their military infrastructure
• 22:10
  Speaker 8: is being degraded to the degree that it is?
• 22:12
  Speaker 3: Yes or no?
• 22:13
  Speaker 9: You can't because it's a premature question. What does going
• 22:16
  Speaker 9: to happen in the next several months?
• 22:17
  Speaker 4: No, no, I can ask that question. Well, you can't separate.
• 22:20
  Speaker 3: No, no, no, I can't.
• 22:21
  Speaker 8: So you have a military side, but I can show
• 22:23
  Speaker 8: you my chart, but I think I threw it away.
• 22:26
  Speaker 8: You have the military side, you have the political side.
• 22:28
  Speaker 8: I'm simply asking on the military side, is it good,
• 22:33
  Speaker 8: regardless of whether we agree with going in or not,
• 22:36
  Speaker 8: is it good that Iran's military infrastructure has been seriously degraded?
• 22:40
  Speaker 9: And again, I have to tell you, Joe, first.
• 22:45
  Speaker 9: You can't, what's gonna happen three months from now? Is
• 22:48
  Speaker 9: it worth it? What's gonna happen? Will the world economy collapse?
• 22:52
  Speaker 9: Will something happen even worse? Will the whole energy infrastructure
• 22:57
  Speaker 9: of the world go up in smoke? So you have to,
• 23:00
  Speaker 9: when they do it without planning, When they do it
• 23:03
  Speaker 9: without understanding.
• 23:05
  Speaker 4: Where they're going. Senator, Senator.
• 23:06
  Speaker 9: Where they're going.
• 23:07
  Speaker 5: But I don't think it's fair.
• 23:09
  Speaker 3: It's a trick question.
• 23:10
  Speaker 1: No, it's not.
• 23:10
  Speaker 3: It is.
• 23:10
  Speaker 10: If you do not strategize the consequences of the action,
• 23:15
  Speaker 10: the military action, if you obliterate and do all these things,
• 23:18
  Speaker 10: but you don't actually play on your minds and have
• 23:21
  Speaker 10: strategy for the future.
• 23:23
  Speaker 8: Let me answer the question for everybody in America. The answer, yes,
• 23:30
  Speaker 8: it's good that the terrorist regime, their military has been
• 23:36
  Speaker 8: and capabilities have been degraded radically.
• 23:40
  Speaker 3: Why didn't he just do what Mika did from the beginning?
• 23:43
  Speaker 3: How uncomfortable is it also to be in the middle
• 23:44
  Speaker 3: of their marital dispute live on air?
• 23:47
  Speaker 5: I think he sort of tried to do that.
• 23:50
  Speaker 4: I think he was probably a little bit surprised because
• 23:53
  Speaker 4: If I just read a transcript and you told me
• 23:57
  Speaker 4: that this was a middle school public access conversation, I'd
• 24:01
  Speaker 4: be like, okay, these kids are trying.
• 24:04
  Speaker 5: It's cute.
• 24:06
  Speaker 4: And then you had a couple of adults on there
• 24:08
  Speaker 4: as well trying to explain to them, well, no, there's
• 24:10
  Speaker 4: a thing called consequences that are inseparable from the decision.
• 24:15
  Speaker 4: He's like, no, no, no, no, no. We're not talking
• 24:16
  Speaker 4: about consequences.
• 24:18
  Speaker 3: We'll get to that.
• 24:18
  Speaker 4: I was like, yes, if you take a lot of pills...
• 24:22
  Speaker 4: you do actually feel really good. Isn't it true you
• 24:25
  Speaker 4: feel really good when you take those pills?
• 24:27
  Speaker 3: It's a smart question.
• 24:27
  Speaker 4: So you should therefore take the pills, right? And be like, well, okay,
• 24:31
  Speaker 4: but what if you then get into behind the wheel
• 24:34
  Speaker 4: and crash it and kill a lot of people? Then
• 24:36
  Speaker 4: you probably shouldn't take the pills. I'm not asking about that.
• 24:38
  Speaker 4: I'm saying, did you feel good when you were on
• 24:40
  Speaker 4: the pills?
• 24:41
  Speaker 11: That's it.
• 24:41
  Speaker 4: That's all we need to answer to.
• 24:42
  Speaker 5: Did you feel good when you were on the pills?
• 24:45
  Speaker 5: That's all I'm asking.
• 24:46
  Speaker 4: So I don't know how you talk to a child
• 24:48
  Speaker 4: like that. Because you could see looking at his face,
• 24:52
  Speaker 4: you're like, Oh, he's a child. So at that point,
• 24:58
  Speaker 4: it was probably, just let his wife handle this one.
• 25:03
  Speaker 3: Allow her to step in. Well, I would have loved
• 25:05
  Speaker 3: to have seen the chart, frankly. Whatever chart he had,
• 25:08
  Speaker 3: I would have loved to have seen it.
• 25:09
  Speaker 5: Written in crown, 100%. Oh, man.
• 25:13
  Speaker 3: All right. Well, let's now talk about more dire circumstances
• 25:16
  Speaker 3: and turn to Bond's.
• 25:21
  Speaker 4: One of the funny things about these financial charts when
• 25:23
  Speaker 4: it comes to oil prices and interest rates is when
• 25:26
  Speaker 4: they go up, the charts get rendered in green.
• 25:30
  Speaker 5: So you're like, oh, this is great. This is a
• 25:33
  Speaker 5: little boost. This is going great for us.
• 25:34
  Speaker 4: A lot of green with the Japanese bonds, the 10
• 25:39
  Speaker 4: and the 30-year and also oil prices. But spoiler alert.
• 25:43
  Speaker 4: probably not so good for you. Let's start with B1.
• 25:48
  Speaker 4: This is a kind of great global debt unraveling that
• 25:52
  Speaker 4: we're witnessing. So that green you're seeing over there is
• 25:55
  Speaker 4: basically a record jump on the Japan 30-year note, climbing
• 26:00
  Speaker 4: over 4%, just massively increasing borrowing costs. And what it
• 26:07
  Speaker 4: also does is when the Japanese 30-year Now you can get,
• 26:13
  Speaker 4: you know, it's fluctuating a little bit, but right there you.
• 26:16
  Speaker 5: Think about 4.2%.
• 26:18
  Speaker 4: What that means is if you're an investor and you
• 26:21
  Speaker 4: have a French or German or American bonds that are
• 26:24
  Speaker 4: getting less than that, you sell those and you go
• 26:29
  Speaker 4: buy the Japanese ones. So now you're What happens over then,
• 26:34
  Speaker 4: over in the U.S. and France and Germany? Those bond
• 26:37
  Speaker 4: prices go down, and this is one of the things
• 26:38
  Speaker 4: they'll teach you in Finance 101. When bond prices go down,
• 26:42
  Speaker 4: interest rates go up because you need to then entice people, basically,
• 26:48
  Speaker 4: with a little higher interest rate to get them in.
• 26:52
  Speaker 4: We can put up B2, the 10-year bond.
• 26:55
  Speaker 5: I like when they compact these charts a little bit.
• 26:57
  Speaker 3: Yeah, makes it look rather dramatic.
• 27:00
  Speaker 4: Basically, a green wall of the interest rates just shooting
• 27:05
  Speaker 4: straight up, always comforting.
• 27:09
  Speaker 5: And we put up B3.
• 27:11
  Speaker 4: As I was saying, these things rebound around the world.
• 27:16
  Speaker 4: So this is Reuters reporting. So Japan's 10-year yield hit 3%
• 27:19
  Speaker 4: of the first time since 1996. as the route hits
• 27:25
  Speaker 4: bond prices driving up yields in major economies around the world.
• 27:28
  Speaker 4: Yields hit their highest in 15 years in Germany and
• 27:31
  Speaker 4: their highest since 2008 in the UK. In the US,
• 27:33
  Speaker 4: the 10-year yield rose 3.8 basis points to 4.8%, putting
• 27:35
  Speaker 4: it in range of its highest levels since 2023.
• 27:38
  Speaker 5: COVID comedown.
• 27:46
  Speaker 4: Um, you can put, we can put up drop sites.
• 27:48
  Speaker 4: So if people want to get this, this next one,
• 27:50
  Speaker 4: I think is a before, uh, if people want to
• 27:52
  Speaker 4: go dive, dive deeper into this, um, the, the, the
• 27:57
  Speaker 4: entire economy is kind of being shaken, uh, by an
• 28:02
  Speaker 4: effectively by oil prices. And we'll, we'll get into that
• 28:05
  Speaker 4: in a, in a second. That's why this is going on,
• 28:08
  Speaker 4: but not to worry, put up B5 Scott Besant, which
• 28:13
  Speaker 4: one of his delightful quotes. I don't think we are
• 28:16
  Speaker 4: in any kind of a dire situation.
• 28:17
  Speaker 3: This is yesterday.
• 28:18
  Speaker 5: Yeah.
• 28:19
  Speaker 3: At the G20, which is being held right now in Asheville,
• 28:21
  Speaker 3: North Carolina, in the United States.
• 28:23
  Speaker 4: And so the reason we're focusing on Japan here is
• 28:28
  Speaker 4: not just because they had the biggest breakout yesterday, but
• 28:31
  Speaker 4: also because Besant himself kind of kicked off this insane
• 28:35
  Speaker 4: round of financial tumult by intervening to try to defend
• 28:45
  Speaker 4: the Japanese yen so that there wouldn't have to be
• 28:49
  Speaker 4: a sell-off of U.S. Treasury bonds by the Japanese government
• 28:53
  Speaker 4: to support their own currency.
• 28:54
  Speaker 5: So he threw a ton of dollars into the Japanese economy,
• 29:00
  Speaker 5: and here we are.
• 29:04
  Speaker 4: You can argue that maybe we would have been here
• 29:06
  Speaker 4: a week ago if he hadn't done that, but all
• 29:08
  Speaker 4: of those billions of dollars flushed across the globe. And
• 29:14
  Speaker 4: we got to this position anyway. It's similar metaphorically to
• 29:19
  Speaker 4: our war in Iran. So we shot off all of
• 29:23
  Speaker 4: our munitions, and now our stocks are that much lower,
• 29:27
  Speaker 4: and we're still in the exact same place, if not
• 29:29
  Speaker 4: a little bit worse off than we were before. And
• 29:32
  Speaker 4: all of this is coming back to energy prices, which
• 29:36
  Speaker 4: are filtering through the economy.
• 29:38
  Speaker 5: That the asian countries are.
• 29:41
  Speaker 4: You know oil obviously is a global commodity but um
• 29:44
  Speaker 4: asian countries are more reliant on oil and other petroleum
• 29:48
  Speaker 4: products that flow through the strait of hormuz than we
• 29:51
  Speaker 4: are just because of the geography of the of the
• 29:54
  Speaker 4: situation and so you know as And it's interesting how
• 29:59
  Speaker 4: it works. As prices rise because of the increasing cost
• 30:07
  Speaker 4: of gas and diesel and oil and prices rise across
• 30:11
  Speaker 4: the board, that is registered as central bankers and financial
• 30:17
  Speaker 4: analysts as inflation because it is prices rising.
• 30:22
  Speaker 5: But think about it. It's not COVID like inflation.
• 30:25
  Speaker 4: It's not inflation because there was too much spending. And,
• 30:29
  Speaker 4: you know, if you were going to take it from
• 30:30
  Speaker 4: a right wing perspective, it's not inflation because, um, you had,
• 30:35
  Speaker 4: you know, a COVID lockdown it's inflation because there's less
• 30:38
  Speaker 4: oil and because there's less supply of oil, still same
• 30:42
  Speaker 4: amount of demand for it.
• 30:44
  Speaker 5: Prices are going up.
• 30:45
  Speaker 4: And so then the central banks are going to try
• 30:48
  Speaker 4: to respond by trying to crush what they call demand destruction.
• 30:52
  Speaker 4: So they're going to try to do, okay, we can't
• 30:54
  Speaker 4: increase supply.
• 30:56
  Speaker 5: It is what it is.
• 30:56
  Speaker 4: We've got a war about this. So let's make sure
• 30:59
  Speaker 4: there's less demand. And for there to be less demand,
• 31:02
  Speaker 4: we have to slow down the economy. We have to
• 31:06
  Speaker 4: throw people out of work, give people fewer hours, cut
• 31:09
  Speaker 4: their wages, make things, make borrowing.
• 31:13
  Speaker 3: Make it hard to buy.
• 31:14
  Speaker 4: Yeah, make borrowing and credit more difficult for businesses to
• 31:17
  Speaker 4: get so that there's just less economic activity. And then
• 31:21
  Speaker 4: people will try to buy less oil because they have
• 31:24
  Speaker 4: less money. And then you keep prices down. But think
• 31:27
  Speaker 4: about that.
• 31:27
  Speaker 3: Less construction, less investment.
• 31:29
  Speaker 4: Yeah, you're trying to financially engineer your way out of
• 31:31
  Speaker 4: a problem that is obviously just physical. There aren't enough
• 31:34
  Speaker 4: tankers of oil getting through the Strait of Hormuz because
• 31:37
  Speaker 4: we had an MOU and we decided not to abide
• 31:39
  Speaker 4: by it. And so people who hold bonds see that
• 31:48
  Speaker 4: the European Central Bank next week is expected, I think
• 31:51
  Speaker 4: there's a 95% certainty they're going to raise interest rates.
• 31:54
  Speaker 4: The Analysts think that the Japanese central bank is going
• 31:57
  Speaker 4: to raise interest rates. So then because they expect those
• 32:00
  Speaker 4: interest rates to go up, they think that the bonds
• 32:04
  Speaker 4: that they're holding will then be, they'll go down in
• 32:10
  Speaker 4: price because interest rates go up, bonds go down in price.
• 32:13
  Speaker 5: So they sell them.
• 32:15
  Speaker 4: Get rid of these bonds because these are dogs. Need
• 32:18
  Speaker 4: to get rid of, get these off my books. And
• 32:20
  Speaker 4: that then kind of drives interest. the cycle a little
• 32:24
  Speaker 4: bit faster, pushes the price down, pushes interest rates up
• 32:28
  Speaker 4: in anticipation of these coming rate hikes. And so in
• 32:32
  Speaker 4: order to rescue this broken economy, we're going to make
• 32:36
  Speaker 4: the economy worse. That's literally the solution.
• 32:39
  Speaker 3: It's crazy because just this time last year, Trump was
• 32:43
  Speaker 3: pushing for Kevin Warsh specifically to go into the Fed
• 32:46
  Speaker 3: and take interest rates down.
• 32:47
  Speaker 4: And he gave the speech in Jackson Hole that suggests
• 32:50
  Speaker 4: he's going to raise interest rates.
• 32:51
  Speaker 3: Yeah. None of the people around him would think he
• 32:56
  Speaker 3: should do otherwise because this is just the autopilot way
• 32:59
  Speaker 3: we've managed the economy for the last, whatever, 100 years.
• 33:01
  Speaker 3: But this is exactly what Donald Trump wanted to not happen.
• 33:05
  Speaker 3: He wanted to come back in, get interest rates down,
• 33:08
  Speaker 3: have a booming economy even better than he felt was
• 33:12
  Speaker 3: reflected in his first term. And so much so that
• 33:14
  Speaker 3: he was expending significant political capital going after Jerome Powell. Yes.
• 33:20
  Speaker 3: Like significant political capital.
• 33:21
  Speaker 5: Whining and crying and trying to prosecute him.
• 33:23
  Speaker 4: Yes.
• 33:24
  Speaker 3: And like not that it matters too much to him,
• 33:26
  Speaker 3: but breaking all of the established norms about how the
• 33:29
  Speaker 3: president just really since the Nixon era or I guess
• 33:32
  Speaker 3: the Carter era. But like breaking all of these norms
• 33:35
  Speaker 3: about how the president talks to the head of the Fed.
• 33:38
  Speaker 3: And here he is because he decided to launch the war.
• 33:41
  Speaker 3: It's the opposite of what he was hoping to happen
• 33:44
  Speaker 3: at this time a year ago. And there's no light
• 33:47
  Speaker 3: at the end of the tunnel whatsoever. He's trying on
• 33:49
  Speaker 3: the supply side. We can put B6 up. This is
• 33:52
  Speaker 3: a DropSite post.
• 33:53
  Speaker 5: This is so funny.
• 33:53
  Speaker 3: Where he said, we are unleashing American energy dominance on
• 33:58
  Speaker 3: true social. And DropSite writes, Trump declared that the White
• 34:01
  Speaker 3: House was unleashing American energy dominance in a post after
• 34:04
  Speaker 3: he met major oil refiners at the White House on Tuesday.
• 34:07
  Speaker 3: So yesterday, hoping to find a way to expand capacity
• 34:10
  Speaker 3: and and lower surging fuel prices, which threaten higher inflation
• 34:13
  Speaker 3: and lower economic growth. Participants at that White House meeting
• 34:17
  Speaker 3: included Marathon Petroleum, Phillips 66, Chevron, Dellick U.S. Holdings, PBF Energy,
• 34:22
  Speaker 3: Valero Energy, and others, according to the Financial Times. They
• 34:26
  Speaker 3: promoted deregulation, the White House did, exemptions from biofuel requirements
• 34:29
  Speaker 3: for small refineries, and, you guessed it, increased Venezuelan crude
• 34:33
  Speaker 3: supplies as ways to lower costs. So now they're betting
• 34:37
  Speaker 3: on Venezuela, Ryan.
• 34:39
  Speaker 4: Yeah. And so he brought in all of these oil executives,
• 34:42
  Speaker 4: which is reminiscent of Biden once in a while during
• 34:47
  Speaker 4: his tenure. He was trying to jawbone very gently and quietly.
• 34:51
  Speaker 4: And I wish he would have done.
• 34:52
  Speaker 5: It a lot more.
• 34:53
  Speaker 4: People were joking that he was like next. He was
• 34:56
  Speaker 4: going to like, if you remember, jawbone the guys whose
• 34:59
  Speaker 4: job it is to change the numbers. on the actual
• 35:02
  Speaker 4: sign outside the gas station.
• 35:04
  Speaker 5: Come on, come on, Jack.
• 35:06
  Speaker 3: Come on, man.
• 35:07
  Speaker 4: But the Financial Times and its coverage of it includes
• 35:11
  Speaker 4: a photo of a diesel selling for $ 7.
• 35:15
  Speaker 5: 45 a gallon.
• 35:16
  Speaker 4: That's California, a little pricier out there. But there is
• 35:21
  Speaker 4: no kind of rural economy In the United States, that
• 35:25
  Speaker 4: works at $ 7. 45 a gallon for diesel because diesel is
• 35:29
  Speaker 4: what goes into tractors, trucks, major equipment. Everything.
• 35:38
  Speaker 1: Yes.
• 35:38
  Speaker 4: And we're now heading into the fall, which is planting
• 35:43
  Speaker 4: season for some crops and harvest season for others. And
• 35:51
  Speaker 4: the inputs for fertilizer and diesel for this kind of
• 35:54
  Speaker 4: surge of energy intensive activity are breaking the back of
• 36:01
  Speaker 4: communities all across the country.
• 36:03
  Speaker 5: Farms. For what?
• 36:07
  Speaker 4: Iran has already said they don't want a nuclear weapon.
• 36:12
  Speaker 5: Why are you losing your farm?
• 36:13
  Speaker 12: What for?
• 36:14
  Speaker 3: The average AAA, AAA's average diesel price across the country
• 36:19
  Speaker 3: right now is $ 5.
• 36:20
  Speaker 4: 69.
• 36:21
  Speaker 3: Better than $ 7. 49. A year ago, A year ago, it
• 36:25
  Speaker 3: was $ 3.
• 36:25
  Speaker 5: 69.
• 36:26
  Speaker 3: Right. Two buck increase over the course of the year,
• 36:32
  Speaker 3: which is having all of the ripple effects that you
• 36:34
  Speaker 3: just described around the world, not just here. Yeah.
• 36:37
  Speaker 4: But Trump, he yelled at the gas guys.
• 36:43
  Speaker 3: And he owns Venezuela now.
• 36:45
  Speaker 5: He owns Venezuela.
• 36:47
  Speaker 4: He also said that he's going to top off the
• 36:51
  Speaker 4: Strategic Petroleum Reserve. with Venezuelan oil. Like, we tried that before.
• 36:57
  Speaker 4: It didn't work. It's too heavy. It doesn't work with
• 37:03
  Speaker 4: the caves that we use for our reserves. Like, it's just,
• 37:06
  Speaker 4: can't do that. And also, they produce about, what, 1.5
• 37:11
  Speaker 4: million barrels a day because of this massive disinvestment. You're
• 37:18
  Speaker 4: not turning that up next week. With massive investment, you
• 37:22
  Speaker 4: could turn it up in a year, maybe. Even then,
• 37:26
  Speaker 4: it wouldn't be able to fill the strategic petroleum reserve.
• 37:31
  Speaker 3: It's not even a short-term solution.
• 37:33
  Speaker 5: Just delusional.
• 37:34
  Speaker 3: Yeah, it's not even a short-term band-aid. Yeah.
• 37:36
  Speaker 5: It's like, what do you mean we're going to.
• 37:37
  Speaker 4: Like, A, we can't actually pump more next week. B,
• 37:42
  Speaker 4: it doesn't work in our petroleum reserve.
• 37:44
  Speaker 3: So all you can do is try to decrease demand. Right.
• 37:47
  Speaker 4: Which means you need less money. They believe that you
• 37:50
  Speaker 4: have too much money that you're spending in the economy.
• 37:54
  Speaker 4: And so they're going to try to engineer it such
• 37:57
  Speaker 4: that things cost more for you and you have less
• 37:59
  Speaker 4: money and less work, less labor, so that then you
• 38:03
  Speaker 4: travel less, you use fewer resources, and that drives down
• 38:08
  Speaker 4: prices of things.
• 38:11
  Speaker 3: Which is why Mike Johnson did not want to answer
• 38:14
  Speaker 3: that question about the war when he was asked. We
• 38:16
  Speaker 3: covered that earlier in the show.
• 38:17
  Speaker 5: Which is why it's good our first month is free
• 38:20
  Speaker 5: at BreakingPoints.com.
• 38:21
  Speaker 3: That's what this is actually about, though. You thought the
• 38:24
  Speaker 3: free month subscription trial was just us being benevolent?
• 38:28
  Speaker 5: Actually trying to reduce inflation.
• 38:30
  Speaker 3: Yeah, well, we do our part. Speaking of the political
• 38:34
  Speaker 3: ramifications of all of this, let's move on to the midterms.
• 38:39
  Speaker 3: humiliating defeat for Seth Moulton in the Massachusetts Democratic Senate
• 38:44
  Speaker 3: primary yesterday. The margin, as we are sitting here right now,
• 38:48
  Speaker 3: is a 30-point, resounding 30-point defeat for Senate hopeful Seth Moulton.
• 38:54
  Speaker 3: Representative Seth Moulton looks like 65 to 35, roughly, the
• 38:59
  Speaker 3: margin of victory for Ed Markey, about 30 points. Ryan,
• 39:04
  Speaker 3: are you surprised by this?
• 39:07
  Speaker 4: Not surprised by this.
• 39:08
  Speaker 3: In fact— You're not even surprised by that margin? I'm
• 39:10
  Speaker 3: a little surprised by the margin.
• 39:11
  Speaker 4: In fact, I have proof that I'm not surprised. I
• 39:13
  Speaker 4: was on Raging Moderates with Jessica Tarlow.
• 39:16
  Speaker 3: Of course.
• 39:17
  Speaker 5: Yesterday. No, Monday.
• 39:18
  Speaker 3: Oh, Dropside's biggest fan at Fox News.
• 39:21
  Speaker 5: Well, it's not much competition, but yes.
• 39:26
  Speaker 4: She's kind of the progressive host liberal moderate host or whatever,
• 39:30
  Speaker 4: on The Five.
• 39:31
  Speaker 3: It's probably fair to call it progressive.
• 39:33
  Speaker 4: I think so, but I'm just saying, so the podcast
• 39:36
  Speaker 4: is called Raging Moderates, so it's confusing. So we talked
• 39:40
  Speaker 4: about this race, and I said, no, I think he's
• 39:42
  Speaker 4: going to win by 30 plus.
• 39:43
  Speaker 3: You said 30 plus? Yeah. Incredible vindication. The vindication of
• 39:47
  Speaker 3: Ryan Graham.
• 39:47
  Speaker 5: There you go.
• 39:48
  Speaker 4: Because This is the mood that the public is in
• 39:53
  Speaker 4: right now. They want people like Markey. If you are
• 39:57
  Speaker 4: completely just DC-brained, I think Neera Tanden was saying, maybe
• 40:01
  Speaker 4: there's not actually an ideological conflict going on in the
• 40:04
  Speaker 4: Democratic Party.
• 40:05
  Speaker 5: It's actually generational.
• 40:06
  Speaker 4: And that would explain why Tom Steyer lost in California.
• 40:11
  Speaker 4: And she said it would partly explain some of New
• 40:13
  Speaker 4: York City.
• 40:14
  Speaker 5: Not sure. I guess Espaillat is old.
• 40:17
  Speaker 4: And Cuomo is older than Mamdani, I guess, was her thinking.
• 40:22
  Speaker 3: Let's not try too hard to understand Neera Tanden.
• 40:26
  Speaker 4: Some desperate rationalization going on. And so if that was
• 40:30
  Speaker 4: the case, that it's really generational and not ideological, the
• 40:36
  Speaker 4: 80-year-old Ed Markey versus the very young and healthy-looking Seth Moulton.
• 40:43
  Speaker 3: Young, virile Seth Moulton.
• 40:45
  Speaker 4: We have a good photo of Seth Moulton.
• 40:46
  Speaker 3: We actually have a video because, to your point, Seth
• 40:50
  Speaker 3: Moulton seemed to understand maybe too late in his campaign
• 40:53
  Speaker 3: where the mood of the public was, because he, I think,
• 40:56
  Speaker 3: at one point tried to, not at one point, but
• 40:59
  Speaker 3: I think while he was considering running, he saw himself
• 41:02
  Speaker 3: as somebody who could be like a bridge from woke one,
• 41:06
  Speaker 3: I guess, into the future for Democrats.
• 41:08
  Speaker 5: Like the Trump resistance.
• 41:09
  Speaker 4: Right. And he's a big absence of any other substance. Exactly. Yes.
• 41:13
  Speaker 3: And he's a big MS now guy. He's on there
• 41:16
  Speaker 3: all the time. And I think he realized that he needed,
• 41:19
  Speaker 3: too late in his campaign, that he needed to channel
• 41:21
  Speaker 3: this angry energy and maybe convince people tonally that he
• 41:25
  Speaker 3: was aligned with, like, the angry, I don't know, DSA.
• 41:30
  Speaker 3: And I don't say angry there pejoratively. I think we're
• 41:32
  Speaker 3: all angry right now. But he needed to make people
• 41:35
  Speaker 3: think he was with them in sentiment. So he put
• 41:39
  Speaker 3: out this video when the awful ICE situation in Maine
• 41:43
  Speaker 3: was happening a couple of months ago. It just, he's giving, like,
• 41:49
  Speaker 3: horrible theater kid, like failed theater kid energy, trying to
• 41:52
  Speaker 3: convince voters that he's going to be really tough. Let's
• 41:55
  Speaker 3: roll C1B.
• 41:56
  Speaker 13: If you don't think this is fucked up, you don't
• 41:58
  Speaker 13: know what it means to be an American. And every
• 42:01
  Speaker 13: one of us should be angry right now in this
• 42:03
  Speaker 13: moment and willing to stand up for our values, the
• 42:05
  Speaker 13: values that have always made this country great. And anyone
• 42:09
  Speaker 13: who's just letting these MAGA autocrats get away with this
• 42:13
  Speaker 13: needs to fight or get out of the way. It's
• 42:15
  Speaker 13: time for us to stop this. So if you're on
• 42:17
  Speaker 13: your way to Maine right now, thank you. If you're
• 42:20
  Speaker 13: standing up and fighting in your community, thank you. If
• 42:22
  Speaker 13: you're doing everything you can to protect our values, thank you.
• 42:26
  Speaker 13: But if you're someone who can do more, then we
• 42:28
  Speaker 13: need to do more. We need to do more right now.
• 42:30
  Speaker 13: Because lives are on the line. Lives are getting lost.
• 42:33
  Speaker 3: Because what?
• 42:34
  Speaker 4: He used his.
• 42:35
  Speaker 13: Prius as a weapon at two and a half miles
• 42:38
  Speaker 13: an hour? That's just an excuse to shoot somebody. That's
• 42:41
  Speaker 13: what's going on. These thugs want an excuse to shoot
• 42:44
  Speaker 13: someone like they're patrolling the Warsaw ghetto in 1941.
• 42:48
  Speaker 5: That's bullshit. And it needs to stop.
• 42:50
  Speaker 3: I don't think he believed a word of what he
• 42:52
  Speaker 3: said there, Ryan. Like, even if, as most Massachusetts voters do,
• 42:55
  Speaker 3: you agree with him on that, it was pathetic. It
• 42:59
  Speaker 3: felt like he was reading... Well, he was obviously reading
• 43:02
  Speaker 3: off of the script, but it felt like he was
• 43:04
  Speaker 3: doing an act.
• 43:06
  Speaker 4: Yeah, I agree with every word of what he said, but, yeah,
• 43:09
  Speaker 4: there's something about it that just doesn't... He's putting.
• 43:11
  Speaker 3: On this, like, Mr. Tough Guy armor. Like, it's going
• 43:14
  Speaker 3: to convince people that he's actually more hardcore than Ed Markey.
• 43:18
  Speaker 4: Yeah, and he spent... so much of, he spends so
• 43:21
  Speaker 4: much of his, or let's do past tense at this point,
• 43:24
  Speaker 4: of his political effort going after the party's left that
• 43:28
  Speaker 4: it kind of undermines your sense that he really is
• 43:31
  Speaker 4: committed to this cause. It's like, what's more important to you?
• 43:37
  Speaker 4: Is it this intramural stuff or is it that? And so, now,
• 43:43
  Speaker 4: Ayanna Pressley, I think if she had run, then I
• 43:48
  Speaker 4: think we're talking about a different.
• 43:51
  Speaker 5: Potentially different outcome.
• 43:53
  Speaker 3: And I think that tells you, because I can see
• 43:55
  Speaker 3: that too, it tells you that some of it, the
• 43:58
  Speaker 3: generational stuff is not nothing, right? People do look at
• 44:03
  Speaker 3: folks who have parked out in the House or the
• 44:06
  Speaker 3: Senate for many years with some baked in skepticism. But
• 44:11
  Speaker 3: Ed Markey did against Seth Milton enough to overcome any
• 44:15
  Speaker 3: of that. Yeah. Yeah.
• 44:17
  Speaker 4: The Sunrise movement in 2020 gave him this incredible progressive
• 44:21
  Speaker 4: glow up. He was the co-sponsor, the lead sponsor of
• 44:24
  Speaker 4: the Green New Deal for them. And it is still glowing.
• 44:28
  Speaker 4: Like it's pretty incredible, you know, what that youth movement
• 44:30
  Speaker 4: was able to do such that now they're starting to
• 44:33
  Speaker 4: lose their hair and he's still benefiting from what they
• 44:36
  Speaker 4: had done for him. We can run through a couple
• 44:38
  Speaker 4: of the other races in Massachusetts. If I had more time,
• 44:43
  Speaker 4: If there was more hours in the day, I really
• 44:45
  Speaker 4: wanted to cover, and I feel bad about this, not
• 44:48
  Speaker 4: covering the Richie Neal race. This was a race I
• 44:51
  Speaker 4: covered back in 2020 when he got challenged by Alex Morse.
• 44:54
  Speaker 4: He's a top Democrat on the Ways and Means Committee,
• 44:56
  Speaker 4: very powerful, kind of right-wing, pro-corporate. Private Equity owns a
• 45:02
  Speaker 4: ton of Western Massachusetts homes.
• 45:04
  Speaker 5: This is the Berkshires.
• 45:06
  Speaker 4: So it's this crazy situation where people with vacation homes
• 45:12
  Speaker 4: have ended up really kind of becoming dominant in an area.
• 45:17
  Speaker 4: And I think Richie Neal's pro-private equity, whether they buy
• 45:22
  Speaker 4: second or third homes in the Berkshires or not, but
• 45:25
  Speaker 4: he stands in the way of a lot of progressive
• 45:27
  Speaker 4: stuff going through the powerful Ways and Means Committee. And
• 45:30
  Speaker 4: Jeremy Whelan, who challenged him currently within 7,000 votes, they've
• 45:36
  Speaker 4: called it for Richie Neal, but extremely close challenge. to
• 45:41
  Speaker 4: one of the most powerful Democrats in the house that got,
• 45:44
  Speaker 4: that got very little attention. Uh, Neil romped in Springfield,
• 45:49
  Speaker 4: heavily working class Hispanic, um, town. Uh, he won by
• 45:53
  Speaker 4: 30 points at the, that's the biggest city, uh, in
• 45:56
  Speaker 4: that biggest, and it's a very impoverished city in that, uh,
• 46:00
  Speaker 4: in that district didn't almost gave him his entire margin. Um, Springfield, Massachusetts, uh,
• 46:08
  Speaker 4: A couple other, let's see, a couple other races. One
• 46:11
  Speaker 4: we covered was the Dan Coe versus Tram Wynn. We
• 46:18
  Speaker 4: interviewed Jamie Belcito, who had said that when she went
• 46:22
  Speaker 4: to Washington, she was told by Lois Frankel that they
• 46:28
  Speaker 4: desperately wanted a woman to represent this seat. It's an
• 46:32
  Speaker 4: open race to replace Seth Moulton, and that She could
• 46:36
  Speaker 4: have the support of all of these women's groups, but
• 46:38
  Speaker 4: she also had to take all of this crypto AI
• 46:40
  Speaker 4: and APAC money, which then is funneled through Lois Frankel's
• 46:44
  Speaker 4: super PACs, which are called elect democratic women and pro-choice
• 46:48
  Speaker 4: majority action.
• 46:49
  Speaker 5: She said no.
• 46:52
  Speaker 4: And so she ended up finishing fourth. Tram Nguyen ended
• 46:56
  Speaker 4: up getting this kind of progressive support through these women's groups.
• 47:02
  Speaker 4: But she ended up losing by about 12 points to
• 47:04
  Speaker 4: Dan Coe, who was a former Biden official. And interestingly,
• 47:10
  Speaker 4: he was Marty Walsh's like chief of staff and then
• 47:12
  Speaker 4: went to transportation department with, you know, as kind of
• 47:19
  Speaker 4: the number two to Marty Walsh. He campaigned on being
• 47:23
  Speaker 4: endorsed by Biden and Kamala Harris.
• 47:25
  Speaker 3: Hmm.
• 47:27
  Speaker 5: Which is interesting. Yes, it is. And it worked for him.
• 47:30
  Speaker 5: He's at 41%. It's been called for him.
• 47:33
  Speaker 3: Did a reverse Dario Leza. Right.
• 47:35
  Speaker 5: And this is the northern North Shore. It's like north
• 47:39
  Speaker 5: of Boston.
• 47:41
  Speaker 4: Interestingly, he used to work for the Huffington Post as
• 47:44
  Speaker 4: Arianna Huffington's chief of staff back in like 2011 or something.
• 47:50
  Speaker 3: From Arianna Huffington's chief of staff to Marty Walsh?
• 47:52
  Speaker 5: Yeah.
• 47:53
  Speaker 4: What a trajectory. I've known Dan for since he was
• 47:57
  Speaker 4: like a 22-year-old little upstart, impressive, sharp kid, now he's
• 48:02
  Speaker 4: on his way to Congress.
• 48:03
  Speaker 3: Since it was called Huffington Post.
• 48:05
  Speaker 4: He also got a bunch of, right, he also got $ 600, 000,
• 48:09
  Speaker 4: $ 700, 000 in support from the bad AI super PAC, Leading
• 48:14
  Speaker 4: the Future, I think it's called, something like that, LTF,
• 48:17
  Speaker 4: or the sister PAC of that one.
• 48:20
  Speaker 5: So that's a win for that AI super PAC.
• 48:26
  Speaker 4: Jake Auchincloss ended up, he had a challenger who had
• 48:29
  Speaker 4: like zero money. He ended up with 70%, I believe. No,
• 48:35
  Speaker 4: he's at 73%.
• 48:37
  Speaker 5: Jason Poulos with no money at all at 27%.
• 48:41
  Speaker 4: So it suggests like he's vulnerable to like an actual challenge.
• 48:49
  Speaker 4: I haven't looked at this down ballot ones. I know
• 48:52
  Speaker 4: that kind of Beacon Hill establishment was under a lot
• 48:54
  Speaker 4: of threat. We can look at those. later, but I
• 48:58
  Speaker 4: would suspect that a bunch of those were successful. Oh,
• 49:01
  Speaker 4: and then Stephen Lynch. Um, so he's the, uh, he
• 49:07
  Speaker 4: was getting the most spirited challenge from this Patrick Roath, um,
• 49:12
  Speaker 4: long time, uh, long time Congressman, like a kind of
• 49:17
  Speaker 4: a classic Massachusetts archetype is, you union mechanic, um, who
• 49:22
  Speaker 4: was socially conservative, um, and old at this point. Uh,
• 49:28
  Speaker 4: and so he ended up winning by, it looks like
• 49:30
  Speaker 4: 10 points or he's up by 10 has been called.
• 49:34
  Speaker 4: So that, that was one that they thought they were
• 49:36
  Speaker 4: going to knock off an incumbent, but it doesn't look
• 49:38
  Speaker 4: like it's going to happen.
• 49:39
  Speaker 3: We're almost out of primary season, not quite out of
• 49:41
  Speaker 3: primary season. So we have New Hampshire coming up next week.
• 49:44
  Speaker 3: We have a guest coming in just one moment. But
• 49:46
  Speaker 3: worth also mentioning that a new poll out of Michigan yesterday,
• 49:50
  Speaker 3: this was a Michigan State YouGov poll. We can put
• 49:52
  Speaker 3: this last element up on the screen, C2. had Abdul
• 49:55
  Speaker 3: El-Sayed up five points over Mike Rogers in Michigan. And
• 50:00
  Speaker 3: this account, Interactive Polls, points out basically only one poll,
• 50:04
  Speaker 3: major poll, released in August had Mike Rogers up. That
• 50:07
  Speaker 3: was a Fox News poll that had Rogers up three points.
• 50:10
  Speaker 3: I'm on the RCP average right now. And similarly, only
• 50:14
  Speaker 3: one poll that they've indexed over the course of the
• 50:16
  Speaker 3: last month had Rodgers up, that Fox News poll. And
• 50:19
  Speaker 3: Al-Sayed in the RCP average is up 2.3 points. So
• 50:23
  Speaker 3: he took over the lead in the RCP average mid-August,
• 50:27
  Speaker 3: and the numbers have kept going up for him. It's
• 50:30
  Speaker 3: not going in the opposite direction. It's not tightening. The
• 50:32
  Speaker 3: race is actually widening, if you're looking at the real-club
• 50:34
  Speaker 3: politics average right now.
• 50:36
  Speaker 4: And I suspect that's... what we thought it was going
• 50:39
  Speaker 4: to be right after the primary was that Rogers had
• 50:42
  Speaker 4: consolidated total Republican support. 98, you know, two or whatever.
• 50:48
  Speaker 4: Whereas right after this bruising primary, El-Sayed, there was still
• 50:54
  Speaker 4: some skepticism. And despite this establishment's, party establishment's best efforts,
• 51:00
  Speaker 4: that seems to be, the resistance to him seems to
• 51:03
  Speaker 4: be dissipating. You know, he's genuflecting in every possible direction
• 51:07
  Speaker 4: to try to say, I'm not a threat to you.
• 51:11
  Speaker 4: Come on, let's all come together and beat Mike Rogers.
• 51:13
  Speaker 4: And a lot, most Democrats at this point seem to
• 51:15
  Speaker 4: be thinking, okay, yeah, let's, let's do that. Meanwhile, it
• 51:18
  Speaker 4: certainly helps him that, uh, Trump wants to launch a
• 51:22
  Speaker 4: trade war with Canada, major trading partner. Um, particularly when
• 51:27
  Speaker 4: it comes to the auto industry, like if Trump isn't
• 51:30
  Speaker 4: stopped in this mania, he will destroy the like Michigan
• 51:34
  Speaker 4: auto industry. Because it's designed such that the parts are
• 51:38
  Speaker 4: moving back and forth like a dozen times before they
• 51:41
  Speaker 4: finish making the car. And if you have to pay
• 51:43
  Speaker 4: a tariff on that every time, forget it.
• 51:45
  Speaker 5: You can't compete.
• 51:46
  Speaker 3: Or you can just reshore.
• 51:48
  Speaker 5: Right, not by November.
• 51:50
  Speaker 3: No, certainly not by November. Not that that's really bothering
• 51:54
  Speaker 3: Trump at the moment.
• 51:55
  Speaker 5: No, it doesn't seem to be bothering him.
• 51:56
  Speaker 4: Plus, you know, he seems to be fine just keeping
• 51:59
  Speaker 4: his war going indefinitely.
• 52:00
  Speaker 3: Yes, he does seem to be fine doing that.
• 52:01
  Speaker 5: And Mike Rogers.
• 52:04
  Speaker 4: is stuck in that bind where he can't say a
• 52:07
  Speaker 4: word against Trump because Trump is willing to lose a
• 52:13
  Speaker 4: Senate race.
• 52:15
  Speaker 5: Rather than allow somebody. It's like a pretty standard thing.
• 52:19
  Speaker 3: To lose all the Senate races.
• 52:20
  Speaker 4: All the Senate races. It's a standard thing in politics
• 52:23
  Speaker 4: for like a Hakeem Jeffries or a Mike Johnson or
• 52:26
  Speaker 4: a Nancy Pelosi. It's a bipartisan habit to be like, look,
• 52:30
  Speaker 4: if you need to distance yourself from me, in your
• 52:34
  Speaker 4: race because I'm unpopular, go ahead and do it. Like
• 52:38
  Speaker 4: that is a thing that party leaders have been doing.
• 52:41
  Speaker 5: Of course. Including presidents.
• 52:43
  Speaker 3: Nancy Pelosi.
• 52:43
  Speaker 4: Forever.
• 52:44
  Speaker 3: The master of it. Yes.
• 52:46
  Speaker 4: But Trump's like, no, I don't care how much it
• 52:48
  Speaker 4: hurts you. You are by my side, Mike Rogers. You're
• 52:54
  Speaker 4: right on the back of this bomb with your cowboy
• 52:58
  Speaker 4: hat in the air, riding it all.
• 52:59
  Speaker 5: The way to the ground.
• 53:00
  Speaker 3: Sure is. Well, let's talk about New Hampshire.
• 53:06
  Speaker 4: So in New Hampshire, Chris Pappas, a congressman from Maine's,
• 53:11
  Speaker 4: I guess, first district, is running for the United States
• 53:13
  Speaker 4: Senate in what has been a sleepy race from a
• 53:16
  Speaker 4: national perspective. But all of a sudden, people have started
• 53:21
  Speaker 4: to notice that he has a challenger who, depending on
• 53:24
  Speaker 4: whose polls you take more seriously, is either significantly behind
• 53:27
  Speaker 4: or catching up at a furious pace. And that is
• 53:30
  Speaker 4: Karishma Manzoor, a physician from New Hampshire who who is
• 53:35
  Speaker 4: challenging Pappas from his left. She's joining us now. Dr.
• 53:42
  Speaker 5: Manzoor, thank you so much for being here.
• 53:45
  Speaker 12: Thank you so much, Ryan. May I make a minor correction? Yes.
• 53:48
  Speaker 12: I'm not a physician.
• 53:49
  Speaker 3: I'm a scientist.
• 53:51
  Speaker 4: So tell us about your background.
• 53:55
  Speaker 11: I have a PhD in biochemistry and molecular biology, and
• 53:58
  Speaker 11: I worked in clinical research for about 20 years. I
• 54:01
  Speaker 11: specialized in epilepsy and depression. and I loved being a scientist.
• 54:06
  Speaker 11: But several years, for the last several years, I've also
• 54:08
  Speaker 11: been volunteering in the nonprofit sector here in New Hampshire.
• 54:11
  Speaker 11: And the two big nonprofits that I'm involved with are
• 54:15
  Speaker 11: Peace Action, because we need to fix this war economy.
• 54:19
  Speaker 11: It's destroying our communities, causing massive death and destruction across
• 54:23
  Speaker 11: the world, and burning down our planet. The other nonprofit
• 54:27
  Speaker 11: that I'm involved with is Open Democracy Action, and we've
• 54:30
  Speaker 11: been trying to get big money out of politics. So
• 54:32
  Speaker 11: I'm a scientist as well as a nonprofit leader and
• 54:34
  Speaker 11: now I'm running for the United States Senate.
• 54:36
  Speaker 4: And so what has been the thing or the things
• 54:41
  Speaker 4: that have enabled you to kind of, you know, gain
• 54:44
  Speaker 4: some significant traction heading into, and it's next week, is
• 54:48
  Speaker 4: that right?
• 54:49
  Speaker 5: Tuesday, September 8th. Goodness. Okay.
• 54:52
  Speaker 12: Yes.
• 54:52
  Speaker 5: So, you know, it seems like it's a serious race.
• 54:55
  Speaker 4: I've heard my sources have said that Pappas is kind
• 54:59
  Speaker 4: of frustrated with with the kind of Washington establishment that
• 55:03
  Speaker 4: they haven't come in kind of to help him in
• 55:06
  Speaker 4: the primary. But the counter argument from some in Washington
• 55:09
  Speaker 4: has been that it actually wouldn't help him, that Washington
• 55:12
  Speaker 4: putting its thumb on the scale would actually probably benefit
• 55:15
  Speaker 4: his challenger more. So what has it been, you know,
• 55:19
  Speaker 4: what are you finding on the ground are the kinds
• 55:21
  Speaker 4: of things that are resonating?
• 55:24
  Speaker 11: We are offering common sense policies. I think over the
• 55:29
  Speaker 11: course of the last several years, decades, we've forgotten what
• 55:31
  Speaker 11: public service should be about. It is about improving people's
• 55:34
  Speaker 11: lives right here in our communities. So we have a
• 55:37
  Speaker 11: housing crisis, a childcare crisis, a healthcare crisis, because too
• 55:41
  Speaker 11: many of our Congress members are answering to their donors
• 55:44
  Speaker 11: and no longer working for the American people.
• 55:46
  Speaker 12: And that is exactly why I'm running. I'm from the
• 55:49
  Speaker 12: people and.
• 55:49
  Speaker 11: We're just frustrated with Congress members who are not working
• 55:54
  Speaker 11: for us anymore. I'm offering a actual common sense solutions.
• 55:58
  Speaker 11: We need livable wages. Our federal minimum wage has not
• 56:01
  Speaker 11: kept up with the cost of living. We need a
• 56:03
  Speaker 11: federal minimum wage of at least $ 20 an hour. We
• 56:06
  Speaker 11: need to pass Medicare for all. We need to pass
• 56:08
  Speaker 11: universal childcare. And we need to protect and fund social security.
• 56:14
  Speaker 11: And at the same time, we have to stop wasting
• 56:15
  Speaker 11: billions of dollars killing children overseas and instead use that
• 56:19
  Speaker 11: money to feed and educate our own children. So that
• 56:22
  Speaker 11: is why our common sense platform is resonating with people
• 56:26
  Speaker 11: across New Hampshire and they're rising up.
• 56:28
  Speaker 3: Yeah. When you're out campaigning, what are the top issues
• 56:31
  Speaker 3: that people bring up to you? What do they suggest
• 56:33
  Speaker 3: they care most about right now?
• 56:36
  Speaker 11: So from as a, when we just present our campaign,
• 56:39
  Speaker 11: a lot of times people like us just because they're
• 56:42
  Speaker 11: frustrated with Chris Pappas, just the fact that he has
• 56:44
  Speaker 11: an opponent, even without even understanding our platform is enough
• 56:48
  Speaker 11: to convert someone to becoming a supporter. The other is
• 56:52
  Speaker 11: when they hear the word progressive, that has a lot
• 56:55
  Speaker 11: of positive connotation right here in New Hampshire.
• 56:57
  Speaker 12: Most people are progressives in the Democratic base.
• 57:01
  Speaker 11: And Bernie Sanders won New Hampshire in 2016-2020 presidential primary,
• 57:05
  Speaker 11: and people have a lot of respect for Bernie still
• 57:07
  Speaker 11: here in New Hampshire. So that I'm an opponent of
• 57:13
  Speaker 11: Chris Pappas, that I'm a progressive, a scientist, a peace activist,
• 57:18
  Speaker 11: that I'm Fighting for Medicare for all, this resonates with
• 57:22
  Speaker 11: people across the political ideology because people are suffering from
• 57:25
  Speaker 11: the healthcare crisis. The fact that I'm not taking a
• 57:28
  Speaker 11: single cent from Super PACs, corporate PACs, APAC resonates very well.
• 57:32
  Speaker 11: People want honest candidates, honest lawmakers. And the fact that
• 57:37
  Speaker 11: I am speaking out against the genocide that's going on
• 57:39
  Speaker 11: in the Middle East. So for multiple reasons, folks are
• 57:44
  Speaker 11: moving towards becoming supporters. The biggest challenge is name recognition.
• 57:48
  Speaker 11: So the poll you quoted still shows that nearly 40%
• 57:52
  Speaker 11: of the people in New Hampshire still don't know enough
• 57:54
  Speaker 11: about me. And that's what we're trying to bridge in
• 57:56
  Speaker 11: the next few days.
• 57:58
  Speaker 4: And the story of how your family got over to
• 58:00
  Speaker 4: the United States is on the one hand kind of
• 58:03
  Speaker 4: highly unusual, on the other hand, familiar. Can you talk
• 58:08
  Speaker 4: a little bit about your family background and your father
• 58:12
  Speaker 4: and then how your family wound up in the U.S.
• 58:17
  Speaker 5: Sure.
• 58:17
  Speaker 11: Actually, my story starts even before my birth. In 1971,
• 58:20
  Speaker 11: there was a war of independence in Bangladesh. Three million
• 58:25
  Speaker 11: Bangladeshis were slaughtered in nine short months, and that level
• 58:28
  Speaker 11: of atrocity was only possible because of U.S.-made weapons. I
• 58:31
  Speaker 11: lost family members in that war, including my mother's 19-year-old
• 58:35
  Speaker 11: brother was killed.
• 58:37
  Speaker 12: So I grew up.
• 58:38
  Speaker 11: In a broken family. I was born in 1974, but
• 58:41
  Speaker 11: it was already a broken family. They never really recovered
• 58:44
  Speaker 11: from all the losses. And that was true for many
• 58:47
  Speaker 11: families across the country. Unfortunately, in 1981, 10 years after
• 58:53
  Speaker 11: the War of Independence, my father, Major General Mohammed Abu Manzoor,
• 58:57
  Speaker 11: was assassinated. We faced, my mother, my siblings, and I
• 59:02
  Speaker 11: were arrested. I was only seven years old. And we
• 59:05
  Speaker 11: faced years of political persecution in Bangladesh. And my mother
• 59:08
  Speaker 11: kept saying the only country in the world where we
• 59:10
  Speaker 11: could seek refuge was the United States. And that's one
• 59:13
  Speaker 11: of the greatest paradoxes, the kindness and generosity of the
• 59:16
  Speaker 11: American people and the failures of the American government.
• 59:21
  Speaker 12: So it was a very.
• 59:22
  Speaker 11: Difficult process for a widow to bring four children to
• 59:25
  Speaker 11: the United States, but we found safety here. But like
• 59:29
  Speaker 11: many working class families, we were working $ 4. 25 an hour.
• 59:33
  Speaker 11: That was the minimum wage back then. I was working
• 59:36
  Speaker 11: seven days a week, multiple jobs just to pay rent.
• 59:38
  Speaker 11: Whatever was left over was for food. And like millions
• 59:42
  Speaker 11: of Americans, we did not have access to health care. Unfortunately,
• 59:45
  Speaker 11: my mother and my sister were suffering from chronic illnesses
• 59:48
  Speaker 11: and going without access to health care for several years
• 59:52
  Speaker 11: had a profound impact on their bodies. And like thousands
• 59:55
  Speaker 11: of Americans, they both died young. So when I talk
• 59:58
  Speaker 11: about the need for livable wages, affordable housing, universal health care,
• 1:00:03
  Speaker 11: and a foreign policy that's not based on war profiteering,
• 1:00:06
  Speaker 11: I'm talking about personal experience because I don't want any
• 1:00:09
  Speaker 11: family to suffer the way my family has.
• 1:00:14
  Speaker 4: And one of the things that you've been criticized for
• 1:00:19
  Speaker 4: has not been living in New Hampshire long enough. which
• 1:00:24
  Speaker 4: is a little bit ironic given the life history. If
• 1:00:28
  Speaker 4: you've been in New Hampshire for generations, your father wouldn't
• 1:00:31
  Speaker 4: have been kind of a Bangladeshi war hero. It's just
• 1:00:36
  Speaker 4: the fundamental contradiction you can't untangle there. So how do
• 1:00:39
  Speaker 4: you respond to people on the campaign trail? Because we
• 1:00:45
  Speaker 4: still have this kind of parochial sense of.
• 1:00:49
  Speaker 4: Particularly in New England. Someone's not a New Englander until
• 1:00:53
  Speaker 4: they've been there, unless they came off the Mayflower or whatever.
• 1:00:56
  Speaker 4: So how do you respond to that skepticism from voters?
• 1:01:01
  Speaker 11: So New England, I've had roots in New England for
• 1:01:03
  Speaker 11: a while. So I arrived in Massachusetts. I finished high
• 1:01:06
  Speaker 11: school in Massachusetts. But in New Hampshire, I've only been
• 1:01:09
  Speaker 11: living here for about five, six years now. But more
• 1:01:12
  Speaker 11: than 50% of the people in New Hampshire were not
• 1:01:14
  Speaker 11: born in New Hampshire. So that's something- But I think
• 1:01:18
  Speaker 11: it's more the detractors that are making this an issue,
• 1:01:21
  Speaker 11: but most people don't even care because I'm just the
• 1:01:23
  Speaker 11: face of the campaign. It is not just about one person.
• 1:01:27
  Speaker 11: This is about taking on the war economy, taking on
• 1:01:30
  Speaker 11: the corporations, taking on Benjamin Netanyahu and war profiteering. So
• 1:01:34
  Speaker 11: I represent so much more than just one person. Again,
• 1:01:37
  Speaker 11: I'm only the face of the campaign. Behind me are
• 1:01:39
  Speaker 11: thousands of people. Some were born in New Hampshire, have
• 1:01:42
  Speaker 11: lived here for generations, and some have other different levels
• 1:01:45
  Speaker 11: of status. What we are representing is common sense policies
• 1:01:49
  Speaker 11: to improve people's lives right here in New Hampshire. We
• 1:01:52
  Speaker 11: are representing honest and unbought campaign that is only answering
• 1:01:56
  Speaker 11: to the people of New Hampshire, not corporations, not foreign
• 1:01:58
  Speaker 11: aligned lobbies like AIPAC. And the most important part is
• 1:02:02
  Speaker 11: we are trying to reclaim our power from the destruction
• 1:02:07
  Speaker 11: of our government by influence of foreign people like Benjamin Netanyahu.
• 1:02:13
  Speaker 3: And what response? I mean, I'm actually just curious about this,
• 1:02:16
  Speaker 3: because particularly since COVID, a lot of working class rural
• 1:02:19
  Speaker 3: voters are skeptical. First of all, the medical establishment, as
• 1:02:23
  Speaker 3: I'm sure you're familiar with, and also just of kind of.
• 1:02:28
  Speaker 3: people who they see as maybe elite. And I'm curious
• 1:02:31
  Speaker 3: how that maybe has come up, if it has at all,
• 1:02:34
  Speaker 3: on the campaign trail, how you deal with sort of
• 1:02:36
  Speaker 3: maybe any skepticism that may be lingering among people who
• 1:02:40
  Speaker 3: are extra sensitive and skeptical right now of folks coming
• 1:02:44
  Speaker 3: in from the medical establishment or from academia.
• 1:02:50
  Speaker 11: So I've traveled across New Hampshire for the last year
• 1:02:55
  Speaker 11: Our state is not very big and I've yet also
• 1:02:57
  Speaker 11: still covered 38,000 miles. That's how much, how many miles
• 1:03:00
  Speaker 11: I've put on my van, 38,000. I've gone to almost
• 1:03:04
  Speaker 11: every single town several times to many of these towns
• 1:03:07
  Speaker 11: and cities. I have heard, talked to thousands of people.
• 1:03:11
  Speaker 11: I would don't even remember anyone asking about it online.
• 1:03:15
  Speaker 11: I sometimes see questions about COVID, but I don't think
• 1:03:18
  Speaker 11: that is the pressing issue here. What people want to
• 1:03:20
  Speaker 11: know is how can we improve their lives? We have
• 1:03:22
  Speaker 11: a housing crisis, which is extremely severe. There are people
• 1:03:25
  Speaker 11: who are living with multiple people in an apartment or
• 1:03:30
  Speaker 11: a house, but there are not enough bedrooms. So sometimes
• 1:03:32
  Speaker 11: people are sleeping on a couch or in the closet,
• 1:03:35
  Speaker 11: like literally in the closet. Sometimes people just don't have
• 1:03:38
  Speaker 11: enough to eat to stretch their Social Security check or
• 1:03:42
  Speaker 11: any of their income to the end of the month
• 1:03:44
  Speaker 11: and are eating cereal for the last few days. These
• 1:03:48
  Speaker 11: are the real issues. People who have cancer but cannot
• 1:03:51
  Speaker 11: afford treatment. And there are two choices. Either they mortgage
• 1:03:56
  Speaker 11: their homes or they just die. These are the real
• 1:04:01
  Speaker 11: problems in New Hampshire and across this country. I'm not
• 1:04:05
  Speaker 11: hearing necessarily stories from the five years ago. The other
• 1:04:08
  Speaker 11: thing that people are realizing is that money going away
• 1:04:11
  Speaker 11: to bomb people overseas is money not in our community.
• 1:04:15
  Speaker 12: And they want that money to come back.
• 1:04:18
  Speaker 11: And a lot of people are also realizing the harm
• 1:04:21
  Speaker 11: that these PACs are doing, whether corporate PACs, super PACs,
• 1:04:25
  Speaker 11: or foreign-line lobbies like AIPAC. And a lot of times,
• 1:04:29
  Speaker 11: more of the questions come up is the money. Who
• 1:04:33
  Speaker 11: are your donors? Are you just as corrupt as Chris Pappas?
• 1:04:36
  Speaker 11: And the answer is no, God. Chris Pappas, whatever you
• 1:04:40
  Speaker 11: want to think of him as a person, represents the
• 1:04:42
  Speaker 11: corruption in Congress. He talks about getting big money out
• 1:04:45
  Speaker 11: of politics. The only way he can get big money
• 1:04:47
  Speaker 11: out of politics is if he resigns from Congress because
• 1:04:50
  Speaker 11: he is big money in politics. And so those are
• 1:04:53
  Speaker 11: more of the questions that I'm receiving about foreign policy,
• 1:04:56
  Speaker 11: the money, the Iran war, the attacks on Palestine, Lebanon,
• 1:05:02
  Speaker 11: Benjamin Netanyahu's influence in our foreign policy. Interestingly, those are
• 1:05:05
  Speaker 11: really the key issues that people are worried about here
• 1:05:07
  Speaker 11: in New Hampshire.
• 1:05:08
  Speaker 4: And your opponent, John Sununu, is related to the very
• 1:05:14
  Speaker 4: popular governor, Chris Sununu. And the Republicans had tried to
• 1:05:21
  Speaker 4: get Chris Sununu to run. He refused to do so.
• 1:05:25
  Speaker 4: John Sununu himself used to be a senator, lost in 2008.
• 1:05:29
  Speaker 4: I would assume a decent number of voters think John
• 1:05:31
  Speaker 4: Sununu is Chris Sununu. So, you know, how do you
• 1:05:35
  Speaker 4: go up against and I think this is a race
• 1:05:37
  Speaker 4: that Democrats, I think, privately are quite concerned about, regardless
• 1:05:41
  Speaker 4: of who the Democratic nominee is, because the Sununus are
• 1:05:43
  Speaker 4: so popular in New Hampshire and it's going to be
• 1:05:47
  Speaker 4: a very close race. You know, how do you challenge
• 1:05:50
  Speaker 4: that kind of popular dynasty in this moment?
• 1:05:54
  Speaker 11: So what I'm trying to explain to people is the
• 1:05:56
  Speaker 11: concept that we have political dynasties is undemocratic. Just that
• 1:06:01
  Speaker 11: alone tells you that we are suffering from undemocratic actions
• 1:06:06
  Speaker 11: right here in New Hampshire. The Shaheen family and the Papases,
• 1:06:08
  Speaker 11: that's one dynasty that's controlling the Democratic Party. And the
• 1:06:12
  Speaker 11: Sununus are controlling the Republican Party. And both of them
• 1:06:15
  Speaker 11: are suppressing any kind of challenges from the grassroots campaign.
• 1:06:19
  Speaker 11: It is shameful that one Sununu after another is always
• 1:06:22
  Speaker 11: in our ballots.
• 1:06:23
  Speaker 12: That's not democratic. They have millions of dollars.
• 1:06:27
  Speaker 11: Can they go off to the sunset and just enjoy
• 1:06:31
  Speaker 11: their money and just leave us alone? Because in the
• 1:06:33
  Speaker 11: middle of all this, there are billionaires that are funding
• 1:06:36
  Speaker 11: both the Sununus and the Shaheens and the Papases. So
• 1:06:39
  Speaker 11: we are just pawns on the chessboard, but we're not
• 1:06:42
  Speaker 11: even on the chessboard. This game is being played and
• 1:06:47
  Speaker 11: we're not part of it. So what we are trying
• 1:06:49
  Speaker 11: to explain to people is that the corporations own these
• 1:06:52
  Speaker 11: corporate politicians, whether it's the Pappases, the Jeffries, the Schumers
• 1:06:57
  Speaker 11: or the Sununus. And we need all of them to
• 1:07:00
  Speaker 11: be removed from power, from being considered as candidates. So
• 1:07:06
  Speaker 11: right now, my main opponent is Chris Pappas, a genocide
• 1:07:10
  Speaker 11: enabler with a D after his name. And on the
• 1:07:12
  Speaker 11: other side, the Republican is John Sununu. who's a friend
• 1:07:16
  Speaker 11: of a convicted pedophile with an R after his name.
• 1:07:18
  Speaker 11: And they both represent the corruption and the problems with
• 1:07:23
  Speaker 11: our system of governance. And this is why in the
• 1:07:26
  Speaker 11: richest country in the world, there are people sleeping in
• 1:07:28
  Speaker 11: the streets. People are dying of cancer treatment. People are,
• 1:07:32
  Speaker 11: senior citizens are losing their houses because these kinds of
• 1:07:36
  Speaker 11: corporate politicians are ruining our communities.
• 1:07:41
  Speaker 5: All right.
• 1:07:41
  Speaker 4: Karisha Manzoor, candidate for Senate in New Hampshire. The election
• 1:07:45
  Speaker 4: is this coming Tuesday. Thanks so much for joining us.
• 1:07:49
  Speaker 3: Thank you.
• 1:07:49
  Speaker 12: Thank you very much. Thank you.