Latest / Predictable with Stu Burguiere / Ep 1043 | TARIFF TURMOIL: Trump Executive Order ROCKS Global Finances | Guests: Kevin Roberts, Dave Landau

Transcript

Ep 1043 | TARIFF TURMOIL: Trump Executive Order ROCKS Global Finances | Guests: Kevin Roberts, Dave Landau · Predictable with Stu Burguiere

• 0:01
  Stu does America.
• 0:05
  Oh man,
• 0:06
  way too much stuff to do tonight.
• 0:07
  Oh my gosh,
• 0:08
  Doctor Kevin Roberts is going to be here.
• 0:09
  He's from the Heritage Foundation.
• 0:11
  Uh,
• 0:11
  Dave Landau is back.
• 0:12
  He's got a brand new book out today.
• 0:14
  But we're going to start by doing tariff
• 0:16
  turmoil.
• 0:17
  Yes,
• 0:18
  we are in the middle of it apparently.
• 0:20
  US stocks plunge,
• 0:21
  uh,
• 0:22
  minutes into trading day as tariffs slam global markets.
• 0:25
  It hung around about
• 0:27
  1500 down.
• 0:29
  In the in the Dow today,
• 0:31
  basically,
• 0:32
  I mean,
• 0:32
  look,
• 0:33
  no surprise there.
• 0:34
  We knew market damage was coming.
• 0:36
  We knew the markets don't like new taxes and they don't like new tariffs.
• 0:38
  They don't.
• 0:39
  So that is again,
• 0:40
  I think sort of separate from your analysis
• 0:42
  of whether you support this policy or not.
• 0:45
  You probably knew,
• 0:46
  as
• 0:46
  Donald Trump has hinted toward,
• 0:48
  that this is going to be hurtful in the short term
• 0:50
  and it was going to cost you a bunch of money.
• 0:52
  I mean if you if you have a 401k.
• 0:54
  Don't look at it.
• 0:55
  That would be my,
• 0:57
  just don't look at it.
• 0:58
  Do you have a computer that you can throw out the window,
• 1:00
  maybe into a pool,
• 1:01
  because it will be very easy to not check it if it's underwater.
• 1:05
  Now of course these tariffs are all over the place.
• 1:07
  We're going to go through them,
• 1:07
  some of the details on them,
• 1:09
  what's what's right,
• 1:10
  what's wrong about them.
• 1:13
  Sweeping Trump tariffs draw dismay and calls
• 1:15
  for talks from countries around the globe.
• 1:18
  The EU is not
• 1:19
  excited about this.
• 1:20
  Outgoing German Chancellor Olaf Schulz
• 1:23
  said the EU won't be able to limit itself to saying the tariffs are damaging.
• 1:27
  We must show that we have strong muscles.
• 1:32
  Now remember Hans and Franz were German,
• 1:34
  so it actually makes sense potentially he says
• 1:37
  this is the aim of an agreement because
• 1:39
  this is the best for prosperity in the US,
• 1:40
  prosperity in Europe,
• 1:42
  and prosperity in the world.
• 1:43
  And again,
• 1:45
  for a long time I've said this,
• 1:46
  and I've asked.
• 1:48
  A lot of different people,
• 1:49
  listen,
• 1:49
  I'll ask Kevin in a minute too,
• 1:51
  what's the goal of this policy,
• 1:52
  because
• 1:53
  is the goal that we want tariffs to be low,
• 1:56
  right?
• 1:56
  Like we essentially threaten high tariffs,
• 1:58
  we say you're treating us poorly,
• 1:59
  so we're going to treat you poorly in effort to get us both to treat each other nicely.
• 2:03
  That's option A,
• 2:04
  uh,
• 2:04
  the one I would prefer.
• 2:06
  Option B is,
• 2:07
  hey,
• 2:07
  we really want high tariffs on these.
• 2:09
  Countries we want them to stick because if they stick,
• 2:11
  then maybe some more jobs will come back here.
• 2:14
  Now of course I'd love jobs to come back here,
• 2:16
  but I don't think tariffs are successful in doing that.
• 2:18
  I think the costs are too high.
• 2:19
  I've been over that a few times this week,
• 2:20
  so I won't bore you too much with it.
• 2:22
  But
• 2:22
  Donald Trump came out,
• 2:23
  we knew these tariffs were coming,
• 2:25
  and we were like,
• 2:25
  is it going to be like 10% on 3 countries,
• 2:28
  or is it going to be really widespread?
• 2:30
  It's option B on that one.
• 2:31
  Here's the tariff chart he brought out.
• 2:34
  And this is really interesting,
• 2:35
  and look,
• 2:35
  I gotta be honest with you.
• 2:37
  This is a chart,
• 2:38
  this is a chart of Palooza show.
• 2:39
  This is the type of thing that you come here for,
• 2:41
  to look at a bunch of really tiny numbers on your phone.
• 2:44
  And
• 2:45
  that's kind of what we have here.
• 2:46
  Uh,
• 2:47
  you have all these different countries,
• 2:49
  and in the first column is a rate,
• 2:52
  and the,
• 2:52
  the,
• 2:52
  the print is really small there.
• 2:54
  you surely can't read it on your phone.
• 2:56
  Maybe you have a giant screen you're watching the show on,
• 2:57
  you can read it.
• 2:59
  But it basically says,
• 3:00
  hey,
• 3:00
  these are tariffs charged against the US.
• 3:02
  And then kind of in smaller print and non-financial tariffs and
• 3:08
  currency manipulation,
• 3:10
  it's kind of like to give you
• 3:12
  because
• 3:12
  what you get is a sense when you're looking at this chart is,
• 3:15
  OK,
• 3:15
  China is at 67%
• 3:17
  now.
• 3:19
  Look,
• 3:22
  I'll be honest with you,
• 3:23
  we do this stuff all the time.
• 3:24
  I've been talking about trade for a million years,
• 3:25
  it's a,
• 3:26
  it's an issue I really care about.
• 3:28
  I look at this chart immediately and knew it wasn't right.
• 3:31
  I mean,
• 3:32
  it,
• 3:32
  it is,
• 3:32
  these numbers are just made up.
• 3:34
  I,
• 3:34
  I,
• 3:34
  you know,
• 3:35
  Donald Trump's doing a lot of good things.
• 3:37
  He's been great on the border.
• 3:38
  Uh,
• 3:38
  I can give you a bunch of examples of the great things he's doing.
• 3:41
  This chart in particular,
• 3:43
  is legitimately designed to manipulate the audience into
• 3:46
  thinking they're doing something that they're not.
• 3:48
  I hate to break it to you like that,
• 3:49
  but that is what this is.
• 3:50
  This is just a fake number in the front corner.
• 3:53
  He just made it up,
• 3:53
  it's a made up formula.
• 3:55
  And
• 3:57
  it's an effort to make it look like we're being nice to the other countries.
• 4:00
  For example,
• 4:01
  China says 67%.
• 4:02
  China does not charge us a 67%
• 4:05
  tariff on all of our products going to the country.
• 4:07
  That's not true,
• 4:08
  he says.
• 4:09
  In reciprocation,
• 4:10
  we're going to charge a 34% rate.
• 4:13
  Now that makes us look like we're the good guys there,
• 4:15
  right?
• 4:16
  We're only charging 34%.
• 4:17
  They're charging 67%.
• 4:18
  But when the 67 isn't true,
• 4:20
  It's kind of a problem.
• 4:22
  You kind of look at all these and for whatever reason,
• 4:25
  Canada and Mexico were not on here.
• 4:27
  He's talked a lot about them separately,
• 4:28
  so
• 4:29
  we'll probably get more details on that in the coming days.
• 4:31
  But
• 4:32
  what are the actual rates?
• 4:33
  How do you figure out what a tariff rate is from a country because
• 4:36
  most countries don't just say
• 4:38
  the rate to import products here is 10% or 15%.
• 4:42
  There's a zillion different rates on a zillion different things.
• 4:44
  This makes it a lobbying paradise because every lobbyist in the world,
• 4:48
  which is happening right here in America right now,
• 4:50
  comes in and says,
• 4:50
  you gotta give me an exemption.
• 4:51
  My rate should be lower,
• 4:52
  my rate should be higher.
• 4:54
  Everybody's trying to game this system.
• 4:55
  Everybody's trying to make the rules a little bit better for themselves.
• 4:57
  Now this happens in every.
• 4:59
  Single country in the world,
• 5:00
  so
• 5:01
  there's no,
• 5:02
  there's not like one rate that you pay in these countries.
• 5:05
  There's usually different rates for different products in different situations.
• 5:08
  A lot of times it's tiered
• 5:09
  where you'll pay maybe nothing for a bunch in that particular item,
• 5:13
  and then it goes up to a very high amount after that.
• 5:16
  It's very,
• 5:16
  very complicated.
• 5:17
  So how do you get that number?
• 5:18
  Well,
• 5:18
  you can look at all the different rates
• 5:21
  and average them,
• 5:22
  right?
• 5:22
  That would be a potentially a good way to go.
• 5:24
  You can even look at all of them and just pick one.
• 5:27
  I mean that wouldn't really be the right way to go.
• 5:28
  The normal way economists do it is either averaging them all together,
• 5:32
  which is,
• 5:33
  I think,
• 5:33
  slightly less reliable because usually what you have is certain
• 5:36
  products with really high rates that raises that average,
• 5:39
  or
• 5:40
  you do something what's called a trade weighted average,
• 5:43
  so a trade weighted tariff rate.
• 5:46
  Basically what that means is what do we actually get from a country,
• 5:48
  because if you just do a generic average,
• 5:50
  let's say we only import bananas from some company,
• 5:52
  from some country,
• 5:54
  and they have a 100% tariff on bananas,
• 5:57
  and then they say,
• 5:57
  well,
• 5:57
  also there's a 1% tariff on oranges.
• 6:00
  Well,
• 6:00
  we never get oranges from them.
• 6:01
  Their average would be 50% tariff rate,
• 6:04
  and that would give us a false impression as to what they
• 6:06
  were really charging us because we were only taking their bananas.
• 6:09
  So what you do is you take the stuff that we're
• 6:10
  actually getting from the country or actually importing into a country.
• 6:14
  And they weigh it based on what trade is actually occurring.
• 6:18
  So if it's all bananas,
• 6:20
  it's going to be a lot closer to 100%
• 6:22
  than the 0 or 1%
• 6:24
  orange rate.
• 6:26
  Long story short,
• 6:27
  to give you that,
• 6:28
  the trade weighted averages are the way
• 6:30
  the main way that economists look at this,
• 6:32
  and here,
• 6:32
  here's a big list of the rates of them.
• 6:34
  You can see they're very,
• 6:35
  very small,
• 6:36
  generally speaking.
• 6:37
  I mean it's not very high.
• 6:39
  Zooming in on a couple of interesting ones here.
• 6:41
  The United States is at 1.49%.
• 6:44
  Canada is at 1.37%.
• 6:46
  So actually Canada is charging slightly lower tariffs than we are
• 6:51
  to other countries.
• 6:52
  You see a bunch of other countries,
• 6:53
  there's a bunch of low ones.
• 6:54
  The highest ones,
• 6:55
  by the way,
• 6:55
  almost always
• 6:56
  are
• 6:57
  islands that really can't produce or don't really export a lot of stuff.
• 7:00
  You know,
• 7:01
  Bermuda and the Bahamas have super high
• 7:03
  rates.
• 7:04
  A lot of small islands have high rates because
• 7:06
  basically they're not really doing a lot of exporting,
• 7:08
  so they don't really care if you punish them.
• 7:10
  That's kind of the way that works.
• 7:12
  The big issue here though is.
• 7:14
  The Trump administration did not do any of those things.
• 7:16
  They didn't average them.
• 7:17
  They didn't just pick one.
• 7:18
  They didn't do a trade weighted averages which would be the gold standard.
• 7:22
  What they did was come up with a completely
• 7:25
  different formula that has literally nothing to do with tariffs whatsoever.
• 7:29
  They did not tell you what the rate was in any of these countries.
• 7:31
  What they did was take
• 7:33
  the trade deficit
• 7:34
  and then divide it by.
• 7:36
  The
• 7:36
  import level,
• 7:38
  this is not even like a normally used statistic.
• 7:40
  It's just kind of something they came up with for this chart.
• 7:43
  So here's explained it was called out,
• 7:44
  by the way,
• 7:44
  on community notes.
• 7:46
  Trump's reciprocal tariffs,
• 7:47
  China's 67%,
• 7:48
  EU 40%,
• 7:49
  aren't based on actual foreign tariffs.
• 7:52
  The WTO,
• 7:53
  and these are the average rates,
• 7:54
  not the trade weighted averages.
• 7:55
  China's 7.3%,
• 7:56
  EU is 5.2%.
• 7:58
  The rates are around 1 or 2% for EU and China when you weight it by trade,
• 8:03
  um,
• 8:03
  but likely on the US trade deficit divided by imports.
• 8:06
  Um,
• 8:06
  China has a $279 billion trade deficit,
• 8:09
  407 $427 billion in imports,
• 8:12
  so a 65% rate,
• 8:14
  and then they just put 65% on there,
• 8:16
  cut it in half,
• 8:17
  and that's our new tariff.
• 8:19
  I mean,
• 8:19
  it's impossible,
• 8:20
  again,
• 8:20
  I'm not going to sit here and go too much into depth on this.
• 8:23
  It's impossible to describe how
• 8:27
  no one would ever do it that way.
• 8:29
  I don't even know how to tell you.
• 8:30
  It's just,
• 8:31
  it's like someone saying,
• 8:32
  no,
• 8:33
  it's like calculating yardage based on how many,
• 8:35
  you know,
• 8:36
  how many people,
• 8:37
  you know,
• 8:38
  drove on the street next door,
• 8:41
  when you're next to a football field.
• 8:43
  Did I gain 400 yards?
• 8:44
  Yeah,
• 8:44
  well,
• 8:44
  I drove by it a bunch of times.
• 8:46
  I mean,
• 8:46
  it doesn't make any sense.
• 8:47
  It's just not even connected.
• 8:49
  So,
• 8:50
  and look,
• 8:51
  again,
• 8:51
  to be honest with you,
• 8:52
  Trump wants this policy to succeed.
• 8:53
  He wants you to think that he's being fair,
• 8:55
  and his people are like,
• 8:57
  well,
• 8:57
  what about this chart?
• 8:58
  And he used it.
• 8:59
  I,
• 8:59
  I don't think it was advisable because it's just not right.
• 9:03
  4 Republicans joined Senate Democrats to rebuke the Trump tariffs on Canada.
• 9:06
  Specifically.
• 9:07
  There was a vote on this.
• 9:08
  Uh,
• 9:08
  Rand Paul was one of the Republicans now.
• 9:10
  You know,
• 9:11
  there's some Republicans in there that maybe are
• 9:12
  more moderate or just don't like Donald Trump,
• 9:15
  and then Rand Paul,
• 9:15
  who does seem to like Donald Trump,
• 9:17
  but it's just,
• 9:17
  uh,
• 9:17
  you know,
• 9:18
  going to be ideologically against tariffs.
• 9:19
  He always has been.
• 9:20
  He's being intellectually consistent here.
• 9:23
  Here he is talking about the tariffs.
• 9:25
  But on the tariffs in particular,
• 9:26
  on the idea of trade,
• 9:28
  trade is proportional to wealth.
• 9:30
  The last 70 years of international trade has been an exponential curve upwards,
• 9:34
  and the last.
• 9:35
  70 years of prosperity has been upwards.
• 9:38
  Also,
• 9:39
  we are richer because of trade with Canada
• 9:42
  and so is Canada.
• 9:43
  Whenever you trade with somebody,
• 9:45
  when an individual buys somebody else's product,
• 9:47
  it's mutually beneficial or you wouldn't buy it.
• 9:50
  If the trade is voluntary,
• 9:52
  it's always beneficial.
• 9:54
  There is no Canada versus the US.
• 9:56
  The consumer wins when the price is the lowest price.
• 10:00
  I mean this is pretty standard conservative thought over,
• 10:02
  you know,
• 10:03
  half a century,
• 10:03
  so I mean I'm not gonna bore you with recapping it.
• 10:05
  Um,
• 10:06
  I will say 11 group,
• 10:08
  if you're,
• 10:08
  if you,
• 10:09
  you can look at Donald Trump and say this has been the way he's,
• 10:11
  uh,
• 10:12
  looked at the world for a long time.
• 10:13
  And he ran on this,
• 10:14
  so that is something that is absolutely fair.
• 10:17
  It is also fair to point out that really it shouldn't be his decision anyway.
• 10:20
  I mean,
• 10:20
  the founders of this country were very clear on who should handle tariffs.
• 10:24
  Article 1,
• 10:24
  Section 1 of the Constitution,
• 10:26
  all legislative powers herein granted shall be
• 10:27
  vested in Congress of the United States,
• 10:29
  which shall consist of a Senate and House of Representatives,
• 10:32
  goes into,
• 10:32
  of course,
• 10:34
  you know,
• 10:34
  who gets,
• 10:35
  who has,
• 10:36
  who has the rights
• 10:38
  for taxing
• 10:40
  and
• 10:41
  tariff power.
• 10:42
  That is Congress.
• 10:43
  It's Congress
• 10:45
  That's,
• 10:45
  that's just the way it is.
• 10:46
  I mean,
• 10:47
  it's in the Constitution.
• 10:48
  Congress then assigned that group to somebody else,
• 10:50
  which is wrong.
• 10:50
  And,
• 10:50
  and,
• 10:51
  and one of the reasons why this is troubling to me,
• 10:52
  because I don't
• 10:53
  really like these policies,
• 10:54
  as you might know,
• 10:55
  I do like a lot of other Donald Trump policies though.
• 10:57
  A lot of them are good.
• 10:58
  And he is,
• 10:59
  you know,
• 11:00
  legitimately,
• 11:01
  if your economy
• 11:02
  craps out,
• 11:03
  you're not gonna get anything done.
• 11:04
  You're not gonna get a hold of the House,
• 11:05
  you're not gonna get anything done.
• 11:07
  It's going to hurt your presidency,
• 11:08
  and he's risking his presidency not on some,
• 11:11
  you know,
• 11:12
  hardcore flat tax,
• 11:14
  but on a
• 11:14
  liberal policy priority
• 11:16
  that has existed for a century.
• 11:19
  I mean,
• 11:19
  you know,
• 11:20
  it is the left should be very excited.
• 11:22
  I mean people like picture like every union leader,
• 11:24
  Richard Trumka has touted this policy 1000 times.
• 11:29
  These are policies that the left
• 11:31
  embraced forever
• 11:33
  and now.
• 11:34
  You know,
• 11:34
  the Republican president is doing it.
• 11:36
  I mean,
• 11:37
  look,
• 11:37
  Trump is a major realignment.
• 11:38
  There's no doubt about that,
• 11:40
  and he should be judged,
• 11:41
  given credit or blame
• 11:43
  on the results of this policy.
• 11:44
  But he was elected,
• 11:45
  running for this,
• 11:46
  and you know,
• 11:47
  we can be critical of it,
• 11:47
  but
• 11:48
  really,
• 11:49
  unless Congress steps up and does their job
• 11:50
  like they're supposed to in the Constitution,
• 11:52
  there's really nothing that you,
• 11:53
  you or I can do about it if,
• 11:54
  if we like it or not,
• 11:55
  frankly.
• 11:57
  And look,
• 11:58
  maybe he's right.
• 11:59
  Maybe we'll find out that this is the greatest,
• 12:01
  you know,
• 12:01
  strategy of all time.
• 12:02
  I mean,
• 12:02
  maybe we'll look back at conservative history and look
• 12:04
  that that was the wrong road all this time.
• 12:06
  We'll look back at the Ronald Reagans and
• 12:08
  you know the Rush Limbaugh's and the Thomas Sowells who spoke out so
• 12:12
  eloquently over so many years about the evils of this type of
• 12:16
  policy.
• 12:16
  You know,
• 12:17
  the Heritage Foundation is another one.
• 12:18
  We have uh Doctor Kevin Roberts on in a minute.
• 12:20
  Let me give you this from the Heritage Foundation,
• 12:22
  because,
• 12:23
  I mean,
• 12:23
  they've been uh really great on this,
• 12:24
  and I want to ask him about
• 12:25
  how does he see this,
• 12:26
  because they're very friendly with the Trump administration,
• 12:28
  but
• 12:29
  Tariffs are tough.
• 12:30
  This is how the Heritage Foundation stated it back in,
• 12:33
  I think it was 2000.
• 12:34
  Congress and the President should take every
• 12:36
  opportunity to articulate the benefits of trade
• 12:38
  to the American people and to expand international trade by any possible means,
• 12:43
  such as the unilateral lowering
• 12:45
  of trade barriers.
• 12:46
  That has been kind of conservative thought for a very long time.
• 12:50
  Should that be changing?
• 12:51
  Should it stay the same?
• 12:52
  Is there a place in the middle?
• 12:53
  We'll talk to Dr.
• 12:54
  Kevin Roberts next.
• 13:05
  So the other night,
• 13:06
  a dad starts telling his son a bedtime story,
• 13:08
  but this isn't,
• 13:09
  you know,
• 13:09
  Goodnight Moon or some recycled superhero tale.
• 13:12
  This is
• 13:13
  the story.
• 13:14
  The greatest story ever told.
• 13:16
  Suddenly,
• 13:17
  it's not just a story anymore.
• 13:18
  The boy is there,
• 13:19
  he's walking with Jesus,
• 13:20
  he's witnessing miracles.
• 13:22
  He's.
• 13:22
  Feeling the heartbreak of the cross,
• 13:24
  and he's discovering the overwhelming power of redemption
• 13:27
  through a child's eyes.
• 13:28
  That's the setup for the King of Kings,
• 13:30
  and this film is something special.
• 13:31
  It's a beautiful animation.
• 13:32
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• 13:33
  is just stocked with stars,
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  you know,
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  Pierce Brosnan's in this thing,
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  Uma Thurman,
• 13:38
  Ben Kingsley.
• 13:39
  Uh,
• 13:40
  Forrest Whittaker,
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• 13:41
  it was a legitimately big cast.
• 13:43
  This is a major Easter release
• 13:45
  and the perfect way to bring your family together
• 13:47
  for a powerful reminder of why this season matters.
• 13:50
  It's more than an entertainment journey.
• 13:52
  It's really more of a faith packed thing where like you're going to really love it,
• 13:55
  but it's also going to be.
• 13:57
  Really entertaining too.
• 13:58
  Don't miss it.
• 13:59
  Uh,
• 13:59
  head to angel.com/Stew.
• 14:00
  You know how,
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  you know the work that Angel Studios has been doing.
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  I don't have to sell you on that.
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• 14:08
  It's King of Kings.
• 14:09
  Watch it this Easter,
• 14:10
  get your tickets now,
• 14:11
  angel.com/Stew.
• 14:16
  I'm joined now by Kevin Roberts,
• 14:17
  president of the Heritage Foundation,
• 14:19
  doing so much important work in Washington.
• 14:21
  Kevin,
• 14:21
  thanks so much for coming on,
• 14:22
  man.
• 14:22
  I appreciate it.
• 14:22
  My pleasure,
• 14:23
  Steve.
• 14:23
  Thanks.
• 14:23
  Yeah,
• 14:24
  I mean,
• 14:24
  you get to get out of Washington DC.
• 14:25
  This can't be the worst outcome for you.
• 14:27
  It's far from the worst outcome.
• 14:29
  In fact,
• 14:29
  anytime you get out of Washington,
• 14:30
  even when there are good things going on,
• 14:32
  it's always good to be with real people.
• 14:34
  Yeah,
• 14:35
  it's,
• 14:35
  it's true.
• 14:36
  It's,
• 14:36
  it's,
• 14:36
  you know,
• 14:37
  it's a fascinating time in Washington right now because there's so much going on.
• 14:41
  I don't think anybody could have looked.
• 14:43
  At the Trump administration and said,
• 14:46
  you know,
• 14:46
  I want them to go a little quicker.
• 14:47
  I want them to do a little bit more.
• 14:48
  I mean they are taking
• 14:50
  everything on
• 14:51
  all at once.
• 14:51
  I think that's the right strategy,
• 14:53
  right?
• 14:54
  It is the right strategy because they have to meet the moment.
• 14:57
  The moment is created by the American people who have been saying for so many decades
• 15:02
  elites in Washington,
• 15:03
  New York,
• 15:04
  and Brussels are running roughshod over us,
• 15:06
  and you and I both know,
• 15:07
  your audience certainly knows
• 15:09
  that what Trump is trying to fix isn't just a few years of wrong.
• 15:13
  It's like 75 years of really bad public
• 15:16
  policy occasionally interrupted by some Republican administrations.
• 15:20
  And so
• 15:20
  if you're going to fix that in time,
• 15:23
  that reinstills confidence in the American people
• 15:25
  that the American dream is still possible,
• 15:27
  then you've got to move fast.
• 15:28
  And so hats off to the president
• 15:30
  and his entire cabinet for doing so because we know how,
• 15:32
  I mean,
• 15:32
  we know how these administrations work,
• 15:34
  especially in today's media cycles,
• 15:35
  right?
• 15:36
  You have a small window to do what you want to do,
• 15:39
  and I think that's why he's been aggressive in so many.
• 15:41
  Different areas,
• 15:43
  you think about no men playing in women's sports and the border,
• 15:48
  which has been,
• 15:49
  I think,
• 15:49
  an unqualified success so far.
• 15:52
  Now I will say I'm not a big tariff guy.
• 15:54
  I am kind of an old school free trader,
• 15:57
  and
• 15:59
  I'm skeptical,
• 16:00
  hopeful that things come out of this.
• 16:02
  What's your view on Trump's approach to tariffs?
• 16:05
  Well,
• 16:05
  I share most of what you just said.
• 16:07
  Obviously we at Heritage,
• 16:08
  we are.
• 16:09
  in fact supportive of free trade,
• 16:11
  which is why
• 16:12
  if the tariff regime that is going to be implemented is focused on reciprocity,
• 16:17
  on targeting the worst actors starting with China,
• 16:20
  then we're very comfortable with that at China.
• 16:22
  But at Heritage,
• 16:24
  to your point though,
• 16:25
  Stu,
• 16:25
  that's not what was announced.
• 16:27
  There's a 10% categorical tariff on everyone in the world.
• 16:31
  We think that the administration would be
• 16:32
  better off both in substance and in politics
• 16:36
  to
• 16:37
  Calibrate that is they are no doubt going to make some modifications
• 16:40
  to really focus on the worst actors,
• 16:42
  and the reason for that is
• 16:43
  there are a lot of political wins and economic wins to pick
• 16:46
  up if you take that more targeted approach and you're going to get
• 16:49
  people like you
• 16:50
  who are a little skeptical of a universal tariff to stay on the team.
• 16:53
  You're going to stay on the team regardless,
• 16:54
  probably,
• 16:55
  but the point is you've got to be able to sustain this pace that you talk about
• 16:59
  politically.
• 17:00
  You've got to make sure that even if you put the stock market off to the side,
• 17:04
  that
• 17:04
  The other deleterious effects of a big tariff regime might actually
• 17:09
  go away if it's much more targeted and the people know
• 17:12
  that it's short term
• 17:13
  until you start fixing the systemic problems
• 17:16
  that the administration cares so much about.
• 17:17
  Yes,
• 17:17
  I think it's important to have that type of approach.
• 17:19
  And look,
• 17:20
  I'm a Philadelphia Eagles fan,
• 17:21
  which is not always easy.
• 17:23
  I don't know if you know Super Bowl champs,
• 17:25
  but I will be reminded,
• 17:27
  I still will be critical of
• 17:29
  calls.
• 17:29
  Nick Siriani makes the wrong call.
• 17:30
  I'm going to be critical of it,
• 17:31
  and I think.
• 17:32
  That's kind of where I am on this one,
• 17:34
  you know.
• 17:34
  I,
• 17:34
  I,
• 17:35
  you know,
• 17:35
  I go back and I,
• 17:36
  you know,
• 17:36
  I'm a,
• 17:36
  I grew up,
• 17:37
  you know,
• 17:37
  going through politics and,
• 17:39
  and learning about it.
• 17:40
  One of the big things was the Heritage Economic Freedom Index,
• 17:43
  right?
• 17:44
  And one of the components of that index is
• 17:46
  free trade.
• 17:46
  It's,
• 17:47
  it's trade freedom.
• 17:48
  It's one of the,
• 17:48
  what is it,
• 17:48
  12,
• 17:49
  I'm thinking right,
• 17:50
  12 components.
• 17:51
  It's been a while.
• 17:51
  You're,
• 17:51
  you're a great student,
• 17:53
  um,
• 17:54
  we.
• 17:55
  Aren't at the top of that list anymore.
• 17:57
  We were much closer to it at one point.
• 17:59
  We've been falling for a while on that,
• 18:01
  in that particular category,
• 18:03
  and this is going to make us fall
• 18:05
  toward the bottom,
• 18:05
  I think.
• 18:06
  I mean these are,
• 18:06
  these are,
• 18:06
  these tariffs are.
• 18:08
  It depends on how you look at them,
• 18:09
  but I think when you look at the approaches,
• 18:11
  the way they formed them,
• 18:13
  which was really based more on trade
• 18:15
  deficits and such,
• 18:16
  rather than the actual tariff rates,
• 18:18
  I don't,
• 18:19
  it doesn't seem like he's built a path in there,
• 18:21
  even if the opposing country goes to zero tariffs,
• 18:24
  that they can even go away.
• 18:25
  Well,
• 18:25
  I love that you mention our index of economic
• 18:27
  freedom and the Really important component of trade freedom.
• 18:30
  This is why we believe reciprocal tariffs are the answer.
• 18:33
  It allows you to use a methodology being very precise
• 18:37
  down to the industry,
• 18:38
  in some cases down to the company,
• 18:40
  and say that is unfair toward the American worker
• 18:42
  whom we all want to benefit from this.
• 18:45
  Focus on that and then what you're going to see along with the deregulation.
• 18:49
  The agenda that the Trump administration is implementing
• 18:52
  that the United States trade freedom score on our index will actually go up.
• 18:57
  To your point,
• 18:58
  the across the board tariff,
• 18:59
  I think,
• 19:00
  is a tactical mistake
• 19:01
  and it may have long-term consequences that are negative that actually undo
• 19:06
  the glorious motivation of the administration,
• 19:08
  which is to reset.
• 19:10
  An unfair trade agenda that's been foisted upon the United States,
• 19:14
  but very much to your point,
• 19:15
  Sue,
• 19:15
  that's getting lost in how this has been rolled out.
• 19:17
  The good news is
• 19:19
  two things.
• 19:19
  Number 1,
• 19:20
  the administration's diagnosis is spot on correct.
• 19:23
  For too long.
• 19:24
  Other countries have used the trope of free trade
• 19:27
  when they themselves are not practicing free trade,
• 19:30
  and so the administration is correcting that.
• 19:32
  But the second thing which we're fully supportive of at Heritage
• 19:35
  is that we have seen manufacturing in this country decline.
• 19:38
  We have seen for the first time everyday Americans
• 19:40
  say the American dream isn't possible for us.
• 19:43
  Government isn't going to be the entire answer to that.
• 19:45
  Tariffs certainly will not be,
• 19:47
  but using reciprocal tariffs as one of 5 or 6 or 7 components to get us there,
• 19:52
  I think is a good answer.
• 19:53
  What do you think about,
• 19:54
  because I think the most unfair thing that China does,
• 19:57
  like they're stealing our IP,
• 19:58
  they're stealing our technology,
• 19:59
  they're doing things that are,
• 20:00
  I would argue,
• 20:01
  completely illegal,
• 20:02
  not even just like kind of frowned upon.
• 20:05
  Is there a path for us,
• 20:07
  because I,
• 20:08
  I look at like,
• 20:08
  you know,
• 20:08
  our manufacturing jobs here,
• 20:10
  and this is,
• 20:10
  these numbers are a little bit old and they're kind of in the back of my head,
• 20:12
  so excuse me,
• 20:13
  but it's something like,
• 20:14
  you know,
• 20:14
  $33 to $40 an hour for a manufacturing job in the United States,
• 20:18
  which is a,
• 20:18
  you know,
• 20:18
  a good solid,
• 20:19
  you know,
• 20:19
  middle class job.
• 20:21
  Um,
• 20:21
  in China it's like $4 an hour.
• 20:23
  OK,
• 20:23
  so you see how just dramatic it is.
• 20:25
  I don't even know if tariffs bridge that gap completely.
• 20:28
  But somewhere like India or Bangladesh is even less,
• 20:30
  right?
• 20:31
  Like it's $2 or it's $1 an hour.
• 20:33
  Is there a path where we can try to have better relationships with friends,
• 20:37
  and the one I come back to all the time is India,
• 20:39
  where,
• 20:40
  again,
• 20:40
  they're not exactly like us,
• 20:41
  we're not going to elect,
• 20:42
  uh,
• 20:42
  you know,
• 20:43
  uh,
• 20:43
  their leaders as our leaders.
• 20:45
  We are not the same cultures,
• 20:46
  but
• 20:47
  they have a sense of friendship with us
• 20:50
  that a country like China does not.
• 20:52
  India is not an adversary of us.
• 20:54
  Is there a way to encourage more of that development in those countries rather than
• 20:58
  what seems to me to be pie in the sky to bring all those jobs back here?
• 21:02
  Two things,
• 21:03
  3 really.
• 21:04
  The first is you're spot on correct about
• 21:06
  the importance of India for American foreign policy.
• 21:08
  In fact,
• 21:09
  I think for the remainder of the 21st century,
• 21:12
  the great opportunity for improving America's strength in the
• 21:15
  world is developing a closer alliance with India,
• 21:18
  and they're showing signs really for the first time in their history
• 21:21
  because they've played this game of being
• 21:23
  friends with the United States,
• 21:24
  with Russia and China all at the same time,
• 21:25
  of being much more oriented,
• 21:27
  not just to America,
• 21:28
  but to Donald Trump.
• 21:28
  Trump took a lot of credit.
• 21:30
  them.
• 21:30
  We ought to tap into that.
• 21:32
  It leads me to the second point,
• 21:33
  which is that the first step India could take
• 21:34
  is to eliminate their egregiously gross agricultural tariffs.
• 21:38
  They are that tariff is an example of why we ought to have a reciprocal tariff regime,
• 21:43
  but it leads me to the third point,
• 21:44
  which is this,
• 21:45
  those,
• 21:45
  a lot of those jobs can stay in India.
• 21:47
  This is not a zero-sum game.
• 21:49
  If we get the economic.
• 21:50
  System reset in a way that really favors
• 21:53
  our allies but most importantly favors American workers.
• 21:56
  What you're going to see is that reciprocal tariffs,
• 21:58
  along with deregulation,
• 22:00
  along with good geopolitics,
• 22:01
  along with tax cuts,
• 22:03
  along with cutting the federal budget,
• 22:04
  lead to a revitalization of America's economy.
• 22:08
  At the end of the day
• 22:09
  this isn't just an economic issue.
• 22:11
  It's an issue of political economy.
• 22:13
  It's an issue of saying as important as trade and GDP are
• 22:17
  to understanding a country's health,
• 22:19
  so is the marriage rate.
• 22:20
  So is the ability of a 30-year-old married couple who can't afford to buy a house
• 22:25
  because of really terrible policy.
• 22:26
  What Trump and.
• 22:27
  are telling us is
• 22:29
  that's the problem they want to solve.
• 22:31
  I would submit to them as a friend.
• 22:33
  Heritage is certainly very friendly to the administration.
• 22:35
  The way to achieve that if you're going to use tariffs
• 22:37
  as one of the many tools is to focus on reciprocity,
• 22:40
  and the NDA example is perfect.
• 22:44
  Is our,
• 22:44
  what's our goal here,
• 22:45
  would you say,
• 22:46
  Kevin,
• 22:46
  because I,
• 22:46
  I think
• 22:47
  when I,
• 22:47
  I look at it,
• 22:48
  I get a conflicted vision a little bit,
• 22:49
  which is,
• 22:50
  um,
• 22:51
  hey,
• 22:51
  we,
• 22:52
  you know,
• 22:52
  Donald Trump's a negotiator,
• 22:53
  we all know that,
• 22:54
  right?
• 22:54
  He comes out and,
• 22:55
  you know,
• 22:55
  gives all these big numbers on tariffs.
• 22:57
  Like I could see,
• 22:58
  I can get behind an approach,
• 22:59
  even if I might not like the means exactly.
• 23:01
  If the goal is to get everybody to let's say zero tariffs or some real free trade.
• 23:06
  That's a great goal,
• 23:07
  and whether his approach is exactly right,
• 23:09
  you know,
• 23:09
  it's not me,
• 23:10
  I didn't win the election.
• 23:11
  Uh,
• 23:11
  nobody voted for me.
• 23:12
  Um,
• 23:12
  so,
• 23:13
  you know,
• 23:13
  that's his approach,
• 23:14
  I can be behind that goal.
• 23:15
  The other side is,
• 23:16
  I also support the goal of,
• 23:17
  of
• 23:18
  returning some jobs to America.
• 23:19
  I want Americans to have good jobs.
• 23:21
  So I agree on both of those goals,
• 23:22
  but I do feel at some level they're at conflict,
• 23:25
  where
• 23:26
  if,
• 23:27
  like with Israel,
• 23:28
  right,
• 23:28
  we came in and we said,
• 23:28
  hey,
• 23:29
  these tariffs are coming.
• 23:30
  Israel preemptively lowers their tariffs to 0%.
• 23:33
  They're very low anyway.
• 23:34
  Um.
• 23:35
  But like
• 23:36
  if everyone did that,
• 23:37
  then in theory these jobs wouldn't be coming back to the United States,
• 23:40
  right?
• 23:41
  If we,
• 23:42
  if our goal is to get the jobs back to the United States,
• 23:44
  we would theoretically want these tariffs to be high.
• 23:48
  What is the actual goal?
• 23:49
  Which one of these is what we're going for here?
• 23:51
  Your question is excellent,
• 23:53
  and so I'm not being argumentative,
• 23:54
  at least intentionally,
• 23:55
  by responding the way that I will.
• 23:57
  I'm legitimately confused.
• 23:58
  I think if you put this,
• 23:59
  if you take it from theory to practice,
• 24:01
  and I think that's where it becomes difficult for
• 24:03
  people who
• 24:04
  subscribe significantly to free trade theory,
• 24:07
  is that in practice that's been used as an abuse against the United States.
• 24:12
  But the real problem in practice is that you have to put this also on a timeline.
• 24:16
  So what we think is going to happen at Heritage,
• 24:18
  if this is done well,
• 24:19
  if there's a recalibration back to
• 24:21
  reciprocal tariffs,
• 24:23
  is that you're going to see countries like Israel,
• 24:25
  India,
• 24:25
  others,
• 24:26
  Taiwan,
• 24:26
  no doubt,
• 24:27
  England,
• 24:28
  perhaps,
• 24:28
  the UK
• 24:29
  negotiate with the United States.
• 24:30
  That's going to preserve jobs in those countries,
• 24:32
  very much to your point.
• 24:33
  But because it's not a zero-sum game
• 24:36
  and because reciprocal tariffs would be one tool being done in conjunction
• 24:40
  with deregulation,
• 24:42
  with
• 24:43
  lowering the federal deficit and budget,
• 24:45
  with tax cuts,
• 24:46
  you're going to see American capital have a certainty
• 24:48
  about investing to do what to create new jobs.
• 24:51
  Will we see Pittsburgh
• 24:53
  in 2035
• 24:55
  be the Pittsburgh of 1935?
• 24:57
  Not likely.
• 24:58
  But could you see in Pittsburgh,
• 25:00
  rather than have a brand new steel mill,
• 25:02
  although that would be great,
• 25:03
  have a micronuclear facility that is creating energy for AI jobs 100%.
• 25:09
  That's the kind of economy that Trump and Vance are trying to rebuild,
• 25:13
  and I think the more that they and
• 25:14
  their cabinet officials in the coming days and weeks
• 25:17
  talk about that aspirational vision,
• 25:19
  the more that friends like you who have a very healthy and legitimate skepticism.
• 25:23
  About the universal tariff regime
• 25:25
  will say
• 25:26
  I can be part of that and I'm going to be an accountability partner on the outside
• 25:29
  to help you get us there.
• 25:30
  Yes,
• 25:30
  I think that's and that's a great point.
• 25:32
  I mean,
• 25:32
  I think
• 25:33
  I started this with saying how much they're doing.
• 25:35
  Understandable,
• 25:35
  maybe they haven't emphasized that yet.
• 25:37
  It does seem to be on the path for this year,
• 25:39
  right?
• 25:39
  That is something that
• 25:40
  these big tax cuts and incentives and deregulation
• 25:44
  all are still on the table.
• 25:45
  We haven't heard much about it yet,
• 25:46
  but
• 25:47
  It feels like it's been 4 years already,
• 25:49
  but it's only been a few months.
• 25:50
  Kevin.
• 25:50
  It's so true.
• 25:51
  Look,
• 25:51
  Donald Trump's been talking about tariffs and
• 25:54
  the unfair economic system since he was a professional,
• 25:58
  so it's natural that he would be so excited about announcing this.
• 26:01
  And
• 26:02
  while we inherited certainly are not protectionists,
• 26:04
  and maybe the president is a little bit more of one
• 26:07
  than we would ever be,
• 26:08
  you can understand the excitement,
• 26:10
  and I think he's owed some grace.
• 26:12
  To be able to have certainly a full year
• 26:14
  to put this whole system in place and we're really confident at Heritage that
• 26:19
  that's precisely what his team is doing.
• 26:21
  I happen to think in addition to all of the smart people in the cabinet.
• 26:24
  That the Treasury Secretary Scott Besset
• 26:27
  is the real person to watch here because he's the person who I think
• 26:30
  uniquely can,
• 26:31
  who can uniquely
• 26:33
  bring calm to the capital markets to explain,
• 26:35
  stick with us for an economic quarter,
• 26:37
  for a second economic quarter.
• 26:39
  He has a lot,
• 26:40
  a great track record that I think causes him to have a lot of trust.
• 26:44
  I think by the time we get to the end of the year
• 26:46
  that we will look back and say,
• 26:48
  This is working
• 26:49
  and if it's working,
• 26:51
  that means we're not just succeeding in having countries play
• 26:55
  fair baseball,
• 26:56
  fair ball with us.
• 26:57
  They're actually contributing to the renewal of the American economy,
• 27:00
  and that's way overdue.
• 27:01
  Well,
• 27:01
  unlike the media,
• 27:02
  I will give it a fair chance and I will judge it on its merits.
• 27:04
  Uh,
• 27:04
  that's,
• 27:04
  that's what we're supposed to do in this world,
• 27:06
  I thought.
• 27:07
  Unfortunately the media never does that.
• 27:08
  Kevin Roberts,
• 27:09
  Doctor Kevin Roberts,
• 27:09
  I should be more respectful,
• 27:11
  president of the Heritage Heritage Foundation.
• 27:12
  I'm not a doctor,
• 27:13
  so you don't have to call me.
• 27:14
  You know,
• 27:14
  Kevin is really preferred.
• 27:15
  Kevin is preferred.
• 27:16
  Kevin has been here from the Heritage Foundation.
• 27:18
  Kevin,
• 27:18
  thanks so much,
• 27:18
  man.
• 27:19
  I appreciate it.
• 27:19
  Thanks.
• 27:28
  I'm joined now by Dave Landau,
• 27:29
  comedian and host of A Normal World right here on Blaze TV.
• 27:33
  Also author of the great new book Party of One.
• 27:36
  It is officially out today.
• 27:38
  This is a big day for you,
• 27:39
  Dave.
• 27:39
  It really is.
• 27:40
  It's actually,
• 27:41
  it's number one on Amazon in comedy right now.
• 27:44
  It's number 1 on in um
• 27:47
  like health for rehab,
• 27:49
  which if you look at me you probably think health.
• 27:52
  No,
• 27:52
  I did that was not the first thing that crossed my mind actually.
• 27:55
  Number 3 was let's talk to the kids about porn which made me laugh.
• 28:01
  Do people buy,
• 28:02
  is it like one of those where you buy one of them and it says,
• 28:04
  other people who've bought the selection have also bought.
• 28:06
  Don't tell your kids about porn or whatever.
• 28:08
  No,
• 28:09
  thank God,
• 28:09
  no,
• 28:10
  no.
• 28:10
  But yeah,
• 28:10
  the other ones,
• 28:11
  no,
• 28:11
  the other ones are more like,
• 28:12
  uh,
• 28:12
  rock stories,
• 28:13
  like hard rock.
• 28:15
  This is why it's,
• 28:16
  it's in the health section.
• 28:17
  Because
• 28:18
  you've gone through a recovery process and,
• 28:20
  and that's not,
• 28:21
  it's not it's not exactly what the book is about,
• 28:23
  right?
• 28:23
  Like it's,
• 28:23
  it's not exactly about only,
• 28:25
  you know,
• 28:25
  hey,
• 28:25
  this is how you recover,
• 28:27
  although that message is in there,
• 28:28
  right?
• 28:28
  No,
• 28:28
  it's,
• 28:28
  it's short stories of my,
• 28:30
  uh,
• 28:31
  of my youth
• 28:32
  that is ended up how I began.
• 28:35
  Wanting to recover,
• 28:36
  it ends when I was a teenager,
• 28:38
  you know,
• 28:39
  uh,
• 28:39
  but people understand why I don't wanna spoil it or anything,
• 28:42
  and it's not a dirty book,
• 28:43
  but it's an honest book.
• 28:44
  So you're gonna get real language,
• 28:45
  you're gonna get what really happened,
• 28:47
  you're gonna hear how I talk,
• 28:48
  but it's like I wanted to talk to them as if I was telling them a story,
• 28:51
  so I specifically wrote it in that way
• 28:54
  that would be like listening to a comedian or.
• 28:56
  You know,
• 28:57
  somebody doing a speaker
• 28:58
  meeting or something like that.
• 29:00
  Yeah,
• 29:01
  um,
• 29:01
  do you think Amazon putting it in the health,
• 29:03
  uh,
• 29:04
  section is a little judgmental?
• 29:06
  Like they're,
• 29:06
  they're basically saying your life adds up to a health problem.
• 29:09
  They're like,
• 29:09
  what we're saying,
• 29:11
  we're saying is you being,
• 29:12
  I guess it's like when they,
• 29:13
  the part where I was committed
• 29:15
  in rehab.
• 29:16
  And the arrests,
• 29:17
  they were like,
• 29:18
  this is certainly a health concern
• 29:20
  with the amount of drinking and such he's done.
• 29:23
  Yeah,
• 29:23
  because not every
• 29:24
  health book has to be like,
• 29:25
  here's advice to live your life the right way.
• 29:26
  It can also be,
• 29:27
  this is how you shouldn't live your life.
• 29:28
  Yes,
• 29:29
  that's what it is,
• 29:29
  and that's what your story is.
• 29:30
  That's my story is essentially,
• 29:32
  uh,
• 29:33
  how not when if you,
• 29:34
  you're a depressed teenager,
• 29:35
  what not to do.
• 29:37
  Is like you shouldn't crash your car
• 29:40
  the first day you get your license in a high speed chase.
• 29:42
  That's,
• 29:43
  that's a no no.
• 29:44
  That's a no no.
• 29:45
  It was pretty,
• 29:46
  it was a pretty exciting experience,
• 29:47
  breaking all sorts of new ground on that.
• 29:49
  Um,
• 29:49
  I think of this,
• 29:50
  uh,
• 29:51
  often
• 29:52
  because these sorts of problems that you had,
• 29:54
  because they really did start young.
• 29:55
  Like when did you start really
• 29:57
  turning the wrong
• 29:58
  way?
• 29:59
  Probably about 11 or 12.
• 30:00
  That's horrifying that you would even say that.
• 30:02
  Yeah,
• 30:02
  like,
• 30:02
  but,
• 30:03
  but it wasn't.
• 30:05
  Much yet.
• 30:05
  It was more like we would write a fake note
• 30:08
  that said,
• 30:08
  uh,
• 30:09
  my son needs to pick up,
• 30:10
  uh,
• 30:11
  a pack of dinner or,
• 30:12
  uh,
• 30:13
  what is it,
• 30:13
  uh,
• 30:14
  Black and Milds
• 30:15
  for a dinner party
• 30:17
  because I'm,
• 30:17
  uh,
• 30:17
  you know,
• 30:18
  signed my dad
• 30:19
  and I would go to the
• 30:20
  local liquor store and be like,
• 30:21
  my dad has a note so we can buy Black and Milds for his dinner party,
• 30:25
  and they'd sell them to me.
• 30:26
  We were probably about 11 and like cigarettes and getting into
• 30:29
  that stuff and a few of my friends were drinking.
• 30:32
  And,
• 30:33
  uh,
• 30:33
  when I really started was
• 30:35
  like I had sipped alcohol and I didn't really like the taste.
• 30:38
  It's not good.
• 30:39
  It's not a good taste.
• 30:40
  I mean,
• 30:40
  it really isn't.
• 30:41
  I know that's why they,
• 30:42
  anything that has to have an acquired taste means it doesn't taste good.
• 30:46
  Right?
• 30:46
  Like you acquire,
• 30:47
  you acquire Cheetos the first time you have them,
• 30:49
  right?
• 30:49
  Like they're,
• 30:49
  they,
• 30:50
  the taste is there for you,
• 30:51
  they're delightful.
• 30:51
  Incredible.
• 30:52
  Yeah,
• 30:52
  but with beer,
• 30:53
  you kind of got,
• 30:54
  it takes a minute.
• 30:55
  Yes.
• 30:55
  But then when you get the feeling for at least me,
• 30:58
  I thought,
• 30:58
  wow,
• 30:58
  this is the.
• 30:59
  Answer to all my problems.
• 31:00
  I feel confident and relaxed.
• 31:02
  I don't care about anything.
• 31:04
  And then once I did other drugs,
• 31:06
  I was like,
• 31:06
  this is even better when you mix them.
• 31:09
  And then 13 arrests later,
• 31:11
  I decided to get sober.
• 31:13
  But just to let you know,
• 31:14
  everyone,
• 31:14
  that man is in the health bestseller
• 31:16
  column right now on Amazon.
• 31:17
  Just so you know,
• 31:18
  the person who just said that.
• 31:19
  Um,
• 31:20
  Detroit is an interesting part of this because I have a,
• 31:22
  I have a,
• 31:23
  a 13 and a 12 year old.
• 31:24
  So like you're in my head,
• 31:26
  right?
• 31:26
  Now.
• 31:26
  Like,
• 31:26
  I'm like,
• 31:27
  I gotta make sure they don't go down to the store.
• 31:28
  I never wrote a note.
• 31:29
  Any liquor store owner out there that never wrote a note
• 31:32
  they could buy any of that.
• 31:33
  Detroit's got to be a big part of the story though,
• 31:35
  right?
• 31:35
  Like,
• 31:35
  I mean,
• 31:36
  I don't,
• 31:37
  I,
• 31:37
  I live in suburban Texas,
• 31:38
  maybe not quite as high risk of this activity at this age.
• 31:43
  How much of a factor was it?
• 31:44
  It was.
• 31:44
  Uh,
• 31:45
  well,
• 31:45
  I grew up in a,
• 31:46
  uh,
• 31:46
  it was a border city of Detroit,
• 31:48
  of the East Side,
• 31:49
  which in the 90s was the most dangerous neighborhood in America.
• 31:53
  And we lived in Grosse Pointe,
• 31:54
  which is known for being very posh,
• 31:56
  but I lived in Grosse Pointe that was by the freeway next to Harper Woods,
• 31:59
  where my driveway was Harper Woods.
• 32:01
  So as weird as it sounds,
• 32:02
  I didn't grow up with all the money.
• 32:05
  My dad ended up making money,
• 32:06
  but then
• 32:07
  he got sick from Agent Orange in Vietnam,
• 32:09
  which I've talked about,
• 32:10
  and that's the through line of the book.
• 32:12
  He had brain cancer.
• 32:13
  He had to go to Harvard.
• 32:15
  Uh,
• 32:15
  medical treatment center where they could work on his brain stem,
• 32:18
  and that is when I started kind of really losing it because he was our coach,
• 32:23
  he was everything to me
• 32:24
  and that was when I,
• 32:25
  I started spiraling really bad and you know,
• 32:28
  the VA was great.
• 32:29
  They gave us nothing.
• 32:31
  Yeah,
• 32:32
  the government is still,
• 32:33
  uh,
• 32:33
  they've acknowledged it's their fault.
• 32:35
  Oh,
• 32:36
  that's nice.
• 32:36
  Yeah,
• 32:36
  yes,
• 32:36
  that's nice of them.
• 32:37
  Yes,
• 32:38
  and instead of paying any of the bills,
• 32:39
  which at 10% would be $400,000 at just 10%,
• 32:43
  which is the bare minimum they're supposed to cover,
• 32:46
  I do have a folded flag.
• 32:48
  Oh wow,
• 32:49
  yeah yeah I got that.
• 32:49
  So I got that.
• 32:50
  Congratulations.
• 32:51
  It's pretty good.
• 32:51
  It's would you,
• 32:52
  if,
• 32:52
  if you sold it on eBay,
• 32:54
  would you think it would go for $400,000?
• 32:55
  Oh,
• 32:55
  easily,
• 32:56
  yeah,
• 32:56
  yeah,
• 32:56
  I think it means more than that.
• 32:57
  It's fun.
• 32:58
  Instead of my dad for Thanksgiving,
• 32:59
  I just talked to the folded flag.
• 33:01
  It's wonderful when I see it on holidays.
• 33:03
  It's really.
• 33:04
  I can't thank the government enough for all they do for soldiers and veterans.
• 33:09
  I mean,
• 33:09
  this
• 33:10
  probably,
• 33:11
  it's interesting because,
• 33:11
  you know,
• 33:12
  you're in a business as a comedian,
• 33:13
  uh,
• 33:13
  uh,
• 33:14
  you know,
• 33:14
  where I,
• 33:15
  I mean,
• 33:15
  it's a mixture,
• 33:16
  right?
• 33:16
  Politically speaking,
• 33:18
  but you kind of came out more on,
• 33:19
  you know,
• 33:20
  the conservative leaning side.
• 33:22
  Uh,
• 33:23
  is,
• 33:23
  is.
• 33:23
  That experience,
• 33:25
  did that
• 33:26
  did that
• 33:27
  kind of pour into your vision of what government is capable of?
• 33:30
  That's why I don't like it.
• 33:31
  OK,
• 33:32
  OK.
• 33:32
  That's exactly why I don't like it and people see it as,
• 33:35
  OK,
• 33:35
  so you're far right,
• 33:36
  far left,
• 33:36
  and it's like,
• 33:37
  no,
• 33:37
  I'm not.
• 33:38
  I'm not either,
• 33:38
  to be honest.
• 33:39
  But the,
• 33:40
  the reality is,
• 33:40
  is it's like it's not that.
• 33:42
  It it's just like from a comedic perspective I look at everything
• 33:46
  in a certain way,
• 33:47
  but my through line in life is I don't trust them
• 33:50
  because I watched what they're capable of doing to a family.
• 33:53
  And I've seen them do it over and over again,
• 33:55
  whether it's taxes,
• 33:56
  whether it,
• 33:57
  you know,
• 33:57
  whatever it is,
• 33:57
  all this money,
• 33:58
  and then you watch these people,
• 34:00
  especially during the pandemic,
• 34:01
  and I,
• 34:02
  you know,
• 34:02
  I know we've talked about that ad nauseam,
• 34:04
  but what's bothered me is how many of my friends lost their businesses,
• 34:08
  lost their homes,
• 34:09
  lost everything
• 34:11
  because they weren't even able to open,
• 34:13
  and now if they were able to stay open,
• 34:14
  they're,
• 34:15
  they're struggling
• 34:16
  because they're still building off a half a decade problem.
• 34:20
  That was caused by the government
• 34:22
  and that's I guess it's serious,
• 34:24
  but it's like that is exactly why I don't like them.
• 34:27
  Yeah,
• 34:27
  I think that there's a there's an element
• 34:29
  of the government that wants to have this ability
• 34:32
  both to be the ultimate authority about something
• 34:35
  and also to have the ability to say
• 34:36
  oopsy.
• 34:37
  When they make a mistake,
• 34:38
  right?
• 34:39
  Like,
• 34:39
  you know,
• 34:39
  Fauci was like that,
• 34:40
  oh like,
• 34:40
  I am science,
• 34:41
  I am science.
• 34:41
  But you have to understand,
• 34:42
  we don't know what we're talking about.
• 34:43
  It's like you don't get both of those things.
• 34:45
  You have to either know and be right all the time,
• 34:47
  or be a human being and say,
• 34:49
  hey,
• 34:49
  we're really fallible here,
• 34:50
  make your own decisions.
• 34:51
  Well,
• 34:51
  and saying,
• 34:51
  I am the science.
• 34:52
  I mean,
• 34:53
  that was the most,
• 34:53
  that's like saying I am God.
• 34:55
  Like you're saying that everything I say has
• 34:57
  full authority and I'm right about everything.
• 34:59
  And then they're like,
• 34:59
  what about the AZT cocktail he gave to all the gay people?
• 35:03
  Because
• 35:03
  the guy in Dallas was going to Mexico and he figured out.
• 35:06
  Better concoction and you stopped him from selling it.
• 35:09
  And he's like,
• 35:09
  yeah,
• 35:10
  but we had the AZT cocktail and it killed everybody.
• 35:12
  You know,
• 35:13
  like he's such a worthless,
• 35:15
  worthless person.
• 35:16
  I hate him so much.
• 35:17
  I'll just say it.
• 35:18
  I,
• 35:18
  he's such a worthless person.
• 35:20
  I don't think you're gonna offend the audience with that.
• 35:21
  I hope not.
• 35:22
  I don't,
• 35:22
  it's not a tough take.
• 35:23
  I don't know anybody can look at him and think that's OK.
• 35:26
  Yeah,
• 35:26
  and you know,
• 35:27
  I,
• 35:27
  I look back at the beginning of that period and it's like,
• 35:29
  you know,
• 35:30
  things,
• 35:31
  there was a lot we didn't know.
• 35:32
  And I think if they had come to us and said,
• 35:35
  Some version of,
• 35:36
  look,
• 35:37
  holy crap,
• 35:38
  like we don't,
• 35:38
  there's a lot going on.
• 35:40
  We look at Italy right now.
• 35:41
  People are falling all over them,
• 35:42
  they're dying like crazy.
• 35:43
  China,
• 35:43
  things are going on,
• 35:44
  we don't know what's going on.
• 35:46
  Here's what we think you should do.
• 35:48
  And to be honest with you,
• 35:49
  this is so new,
• 35:50
  we don't know yet what the right answer is.
• 35:52
  We're gonna do our best.
• 35:54
  If that was their approach,
• 35:55
  I don't know,
• 35:56
  maybe there would be a few people who just said,
• 35:57
  well,
• 35:58
  uh,
• 35:58
  you know,
• 35:58
  uh,
• 35:59
  they would be,
• 35:59
  uh,
• 35:59
  they were won over by the authority and the,
• 36:01
  the pounding of the hand on the fist by Andrew Cuomo and whatever.
• 36:05
  I love your mug.
• 36:06
  Oh thank you,
• 36:06
  yes.
• 36:07
  Andrew Cuomo is awful.com.
• 36:09
  Um,
• 36:10
  maybe there would have been a few people who were won over by that,
• 36:11
  that,
• 36:12
  that instead went outside.
• 36:13
  Two or three more times,
• 36:14
  but generally speaking,
• 36:15
  it wouldn't have destroyed our trust in every institution,
• 36:18
  which seemed to be if they wanted,
• 36:19
  if that was their goal,
• 36:20
  they couldn't have done a better job.
• 36:21
  Well,
• 36:22
  exactly,
• 36:23
  and part of it was my mom was an RN and she was also bipolar and had her own issues,
• 36:28
  but you know it's discussed in my book,
• 36:30
  but
• 36:31
  I learned very young about like I was vaccinated for everything
• 36:34
  except chickenpox because it wasn't around and then when
• 36:37
  I got chickenpox I almost died like I had,
• 36:39
  but the thing that I knew about vaccines were they can't be rushed.
• 36:42
  That's all I knew
• 36:44
  and I knew what herd immunity was that was it.
• 36:47
  So
• 36:47
  the first time I didn't get a vaccine
• 36:50
  was this one because it made no sense to me.
• 36:52
  From the get-go,
• 36:54
  then I was traveling everywhere and nobody's on the planes,
• 36:57
  and I'm like,
• 36:58
  this isn't
• 36:58
  like I was still doing comedy in the states that would,
• 37:00
  you know,
• 37:01
  have 12
• 37:02
  tables 12 ft away.
• 37:03
  So I was seeing all of it all over the country and
• 37:06
  I had already lived in New York when the whole outbreak was
• 37:09
  and I caught something,
• 37:11
  but I didn't know what it was and I was over it in a couple of days
• 37:14
  and I knew it was just like there was no difference between that and the swine flu.
• 37:18
  Like I just had that feeling where I'm like,
• 37:19
  this is a lie.
• 37:21
  So this is being way overreacted to if you're making
• 37:23
  and the 6 ft away,
• 37:25
  like the stuff that Fauci put in.
• 37:27
  So you're 6 ft away,
• 37:28
  so you can't catch germs.
• 37:29
  So weird.
• 37:30
  All of it.
• 37:31
  I was like,
• 37:31
  this is
• 37:33
  at the time,
• 37:33
  while it was happening,
• 37:34
  honestly,
• 37:35
  me and Anthony Kuma,
• 37:35
  when I was on his show,
• 37:36
  we covered it and
• 37:37
  I didn't believe it for a second.
• 37:40
  It just seemed like the worst.
• 37:41
  Government overreach
• 37:42
  to push out
• 37:44
  Trump at the time.
• 37:45
  What was,
• 37:45
  uh,
• 37:46
  what was it like doing comedy in that world?
• 37:47
  Like doing live events where,
• 37:49
  because I remember,
• 37:50
  you know,
• 37:50
  Texas,
• 37:51
  uh,
• 37:51
  opened up,
• 37:52
  um,
• 37:52
  and the first day
• 37:53
  I came,
• 37:54
  my wife was stir crazy.
• 37:56
  I mean,
• 37:56
  absolute stir crazy those first few weeks.
• 37:58
  And,
• 37:59
  uh,
• 37:59
  they opened up restaurants finally,
• 38:00
  uh,
• 38:01
  uh,
• 38:01
  25%.
• 38:02
  Capacity
• 38:03
  on May 1st here.
• 38:04
  And so May 1st,
• 38:05
  right after the show ended,
• 38:06
  I drove down the road to the ranch,
• 38:07
  the restaurant down the road and went there.
• 38:10
  And there was like 9 people inside and we were,
• 38:12
  we could barely see each other across the restaurant.
• 38:13
  It was bizarre.
• 38:15
  Anything in life in that time was bizarre.
• 38:18
  Doing a live event with a live crowd must have been just impossible.
• 38:23
  Yeah,
• 38:23
  well,
• 38:24
  it,
• 38:24
  it,
• 38:25
  I'm gonna quote my friend Matt McClory who,
• 38:27
  who says it better than anybody.
• 38:29
  It's like someone stopping you with the mask thing
• 38:32
  and going like,
• 38:33
  we can walk you to the table and then you can take off your mask
• 38:36
  or pull it off when you eat.
• 38:37
  That's like walking in
• 38:39
  a,
• 38:39
  a,
• 38:40
  a
• 38:40
  brothel and they're like,
• 38:42
  Look,
• 38:42
  you,
• 38:42
  you have to wear a condom,
• 38:44
  and they're like,
• 38:44
  he's like,
• 38:44
  when,
• 38:45
  when you come in the door,
• 38:46
  but once you're in the room,
• 38:47
  you can take it off.
• 38:49
  It doesn't make much sense.
• 38:50
  No,
• 38:51
  none of it made sense.
• 38:52
  So watching it,
• 38:52
  it was people who were also in states where
• 38:55
  you either could take it off of the table or you could only pull it down to sip.
• 38:59
  You couldn't see real facial expressions.
• 39:02
  So it's like people who just want to go out 10 ft away and then pulling their mask.
• 39:06
  When they want to drink their beer
• 39:08
  or eat something
• 39:09
  and they're all way too far away to really create a role,
• 39:12
  so you have to like individually make the tables laugh.
• 39:15
  Oh my God,
• 39:16
  it was the worst,
• 39:16
  dude.
• 39:17
  It must have been.
• 39:17
  I mean,
• 39:18
  I just,
• 39:18
  it's such an unpleasant
• 39:20
  circumstance.
• 39:20
  It was the and I was living in New York where you're walking around going.
• 39:24
  You know,
• 39:25
  these,
• 39:25
  a lot of these people aren't abiding by any of these rules.
• 39:29
  It's most of them.
• 39:31
  There's rats everywhere.
• 39:33
  There's rats that are this big now that just like ruled the streets.
• 39:37
  I know,
• 39:37
  I love the fact that the people in New York who
• 39:39
  were so paranoid to even go outside and even walk their dog outside,
• 39:43
  you know,
• 39:43
  crazy stuff.
• 39:44
  But they'll eat things off of the back of a cart
• 39:47
  from some guy they don't know,
• 39:48
  where it's like just grime and dirt all
• 39:51
  over the place and obviously it's infested with,
• 39:54
  uh,
• 39:54
  God only knows how many viruses.
• 39:56
  Dude,
• 39:56
  there's like a lamb skew under a under a light bulb.
• 39:59
  Like that'll kill all the germs.
• 40:01
  skewer in open air
• 40:03
  in,
• 40:03
  in New York City.
• 40:04
  All these bugs are flying around bouncing off it and they're like,
• 40:07
  oh,
• 40:07
  let me carve you off a little giant or a hero or whatever it's called.
• 40:10
  And you know they use sewer water.
• 40:12
  Like there's been pictures of them taking like water up the street and putting it in.
• 40:16
  I'm so glad I love it.
• 40:17
  No,
• 40:18
  it's the dude,
• 40:19
  yeah.
• 40:19
  New York is,
• 40:20
  and riding the subway
• 40:22
  with a mask on.
• 40:23
  It's like,
• 40:24
  really?
• 40:24
  That's,
• 40:25
  that's what we're doing.
• 40:26
  It's gonna do it.
• 40:26
  You're gonna enclose all the germs for 50 years in this little tube,
• 40:29
  then put on a mask.
• 40:30
  You'll you're holding onto a rail that's the dirtiest thing on planet Earth,
• 40:34
  but you have a mask on.
• 40:35
  I just remember the feeling of like you're standing there
• 40:38
  and the subway takes a weird bounce and you have,
• 40:40
  you just grab it and you grab onto just some slimy thing.
• 40:43
  I like you didn't even know.
• 40:44
  You don't even know what it was.
• 40:45
  And then the rest of the day you feel like you're gonna go to the hospital.
• 40:48
  You know it's not good.
• 40:49
  Well,
• 40:49
  yeah,
• 40:50
  you're just waiting for.
• 40:50
  Sepsis to form in your hand.
• 40:52
  And you're like,
• 40:52
  well,
• 40:53
  this is,
• 40:53
  I guess this is the end.
• 40:54
  See,
• 40:55
  this is what health authors do.
• 40:56
  They mention sepsis in the middle of their interviews.
• 40:58
  That's,
• 40:58
  that's,
• 40:59
  that's Dave Landau right there.
• 41:00
  The book is out right now.
• 41:01
  It's right here.
• 41:02
  It's awesome,
• 41:02
  you've gotta read it.
• 41:03
  Get it right now.
• 41:04
  It's called Party of One.
• 41:05
  Fored by Brad Garrett,
• 41:07
  very cool,
• 41:08
  um,
• 41:08
  a very funny book,
• 41:09
  and the stories
• 41:10
  that Dave has
• 41:11
  are at the very least good pieces of advice for you not to engage in.
• 41:15
  Yes,
• 41:16
  I will say that,
• 41:17
  and it's honestly,
• 41:18
  like I said,
• 41:18
  it's an honest book.
• 41:19
  It's not something that's deliberately offensive.
• 41:22
  It's just what happened.
• 41:23
  Yeah,
• 41:23
  I mean,
• 41:23
  real stories.
• 41:24
  I can't wait to go through more of them with you.
• 41:26
  Get the book now,
• 41:27
  Party of One,
• 41:27
  Dave Landau,
• 41:28
  check it out.
• 41:29
  You can get it anywhere you get books.
• 41:30
  Amazon,
• 41:31
  all that stuff.
• 41:31
  Amazon.com.
• 41:32
  You can get it and it's.
• 41:33
  Available on Kindle and paperback and I'm going to do the audible soon.
• 41:37
  Oh,
• 41:37
  very cool.
• 41:37
  And,
• 41:37
  uh,
• 41:38
  how about,
• 41:38
  uh,
• 41:39
  stand up?
• 41:39
  What do you have coming up?
• 41:40
  Uh,
• 41:40
  this weekend,
• 41:41
  uh,
• 41:41
  the 4th and 5th,
• 41:42
  I will be at Hyenas in Dallas,
• 41:44
  right here in Dallas.
• 41:46
  That's right.
• 41:46
  Very,
• 41:46
  very cool.
• 41:47
  All right,
• 41:47
  don't miss it.
• 41:48
  Party of one available today,
• 41:49
  launch day.
• 41:50
  Dave,
• 41:50
  thanks so much for coming on.
• 41:50
  Thank you for having me.
• 41:59
  Anytime in life that you have to make a big change,
• 42:00
  it's hard,
• 42:01
  and if you've made the decision to leave,
• 42:03
  like,
• 42:03
  let's say a blue state for something better,
• 42:05
  I get it,
• 42:06
  it makes a lot of sense.
• 42:07
  A lot of people are doing the right
• 42:08
  thing,
• 42:09
  uh,
• 42:09
  by doing that.
• 42:10
  We did it.
• 42:12
  We,
• 42:12
  we all moved from,
• 42:13
  Uh,
• 42:13
  blue states to get down
• 42:15
  and get out of there as soon as we could.
• 42:16
  Now we live in Texas.
• 42:17
  But that kind of move is not just like a big move,
• 42:19
  it's not just an emotional move,
• 42:20
  it's a complicated one.
• 42:21
  Especially when it comes to selling the home that you
• 42:24
  have and finding a new one in the right place.
• 42:26
  You need someone who's
• 42:28
  knowledgeable,
• 42:29
  who knows what they're doing,
• 42:30
  not just.
• 42:30
  Like a friendly face with a license,
• 42:32
  you need a professional.
• 42:32
  You need someone who
• 42:34
  actually knows what they're doing here,
• 42:35
  and that's why I always recommend Real Estate agents ITrust.com.
• 42:38
  Why?
• 42:38
  Because you don't have to do the work.
• 42:40
  They've done it already.
• 42:41
  They'll connect you with the top selling agents in your area,
• 42:43
  people who know the market,
• 42:44
  who understand
• 42:45
  how to navigate these high stakes decisions and.
• 42:48
  Honestly,
• 42:49
  people who are serious about getting the best possible result,
• 42:50
  isn't that the most important thing.
• 42:52
  These are
• 42:52
  agents who lead teams.
• 42:54
  They close deals.
• 42:54
  They know how to handle complicated moves and negotiations like this.
• 42:57
  So
• 42:58
  if you're buying or you're selling a home,
• 42:59
  do yourself a favor,
• 43:00
  go to real estate agents ITrust.com.
• 43:02
  Real estate agents Irust.com.
• 43:04
  It's a free service to you.
• 43:05
  It's real estate agents Irust.com.
• 43:10
  Before we go,
• 43:10
  you should know that they're really trying to make Cory Booker a thing,
• 43:13
  and it's,
• 43:14
  it's hilarious.
• 43:15
  Cory Booker's speech
• 43:16
  tops 350 million likes
• 43:19
  on TikTok Live,
• 43:21
  which is how we,
• 43:23
  you know,
• 43:23
  mark success these days.
• 43:25
  A bunch of people liked him on an
• 43:28
  app owned by the Communist Party that's banned inside the country,
• 43:31
  but.
• 43:32
  Not at all being enforced,
• 43:33
  but what a perfect country we have.