Latest / The Bill Handel Show / California’s Prop 50 Going to Court | Therapy Speak Triggering Therapists
Transcript
- 0:00Speaker 1: You're listening to Bill Handle on demand from KFI AM
- 0:04Speaker 1: six forty CAYL but started.
- 0:13Speaker 2: I am six forty a handle here on a Tuesday morning,
- 0:19Speaker 2: December the sixteenth, just hours after Proposition fifty was I
- 0:28Speaker 2: had been voted on by California voters. As everybody knew,
- 0:33Speaker 2: the Republican Party, the state Republican Party immediately started filing
- 0:38Speaker 2: lawsuits to stop it.
- 0:39Speaker 1: What's Prop fifty?
- 0:40Speaker 2: As you know, well, it was in response to Texas
- 0:44Speaker 2: because President Trump told Texas the legislature, I want you
- 0:48Speaker 2: to redraw the map, the district map or the congressional map,
- 0:52Speaker 2: basically giving five districts that heretofore were democratic that Republicans
- 0:59Speaker 2: would probably win by simply redrawing the map. Well, as
- 1:02Speaker 2: you can imagine, lawsuits were filed there by the Democrats,
- 1:07Speaker 2: and a lower court ruled that it was illegal the
- 1:10Speaker 2: districting redistricting, and then they went directly to Supreme Court,
- 1:16Speaker 2: and the Supreme Court ruled that what Texas did was
- 1:19Speaker 2: completely legitimate. The argument that was made by those who
- 1:26Speaker 2: filed lawsuit is that the redistricting was based on racial lines,
- 1:32Speaker 2: that blacks were.
- 1:35Speaker 1: Being discriminated against.
- 1:36Speaker 2: Now with the new district plan in Texas, and the
- 1:39Speaker 2: lower court said, yep, this is racial and that's illegal.
- 1:44Speaker 2: Supreme Court said, nope, it is not racial. It is political. Yes,
- 1:50Speaker 2: they redrew the map to give the Republican Party a
- 1:53Speaker 2: bigger advantage. However, they can do that because that's what
- 1:57Speaker 2: legislators do.
- 1:58Speaker 1: The state legislators are the ones that are.
- 2:01Speaker 2: Empowered to draw up congressional maps, and usually it's done
- 2:06Speaker 2: at the end of a census period every ten years.
- 2:08Speaker 1: This time around it was.
- 2:09Speaker 2: In the middle and there was a political outcry on
- 2:13Speaker 2: that one. However, the bottom line is that the court rule.
- 2:19Speaker 2: The Supreme Court ruled this was political, not racial. So
- 2:25Speaker 2: here comes California to fight that straight out. California has
- 2:30Speaker 2: had a law that said the legislator, a legislature can't
- 2:34Speaker 2: do this. It's going to take an independent commission to
- 2:37Speaker 2: redraw the district lines. Why because we don't want it
- 2:41Speaker 2: to be political. We want it to be objective. We
- 2:44Speaker 2: want it to be fair. And therefore we're going to
- 2:46Speaker 2: have some Republicans on it, some Democrats equally, and then
- 2:49Speaker 2: others that were appointed by the governor. Bottom line, it
- 2:53Speaker 2: was going to be totally fair or ostensibly, but it
- 2:57Speaker 2: was for the most part totally fair. Well, guess what
- 3:00Speaker 2: California now has to fight Texas and basically fight fire
- 3:05Speaker 2: with fire their incomes.
- 3:07Speaker 1: Prop fifty. Prop fifty takes away.
- 3:10Speaker 2: That independent commission to redraw the districts and gives it
- 3:15Speaker 2: right back to the legislators. And what does the legislature do,
- 3:20Speaker 2: of course, is going to redraft in favor of the Democrats,
- 3:24Speaker 2: because California is the bluest of.
- 3:27Speaker 1: The blue states.
- 3:29Speaker 2: California not only has a Democratic governor, but it has
- 3:32Speaker 2: a Democratic supermajority in both Senate and the Senate and
- 3:38Speaker 2: the Assembly, which means that basically any law the Democrats
- 3:43Speaker 2: want pushed and put into place is going to happen.
- 3:46Speaker 2: And it means that the Republicans might as well stay
- 3:49Speaker 2: home because they're going to have no influence whatsoever on
- 3:53Speaker 2: California's law. Okay, now the court battle over the Republicans
- 4:00Speaker 2: challenge in California to challenge Prop fifty, and they clashed
- 4:06Speaker 2: in federal court, the Republicans and Democrats because now you
- 4:09Speaker 2: have the Republicans suing and they're saying that, wait a minute,
- 4:14Speaker 2: the red redistricting you did is racial. It was to
- 4:18Speaker 2: help Latinos and the Democrats.
- 4:22Speaker 1: California says, no, it's not.
- 4:24Speaker 2: It was political. It was to help democrats. That's it,
- 4:30Speaker 2: nothing more, nothing less. Well, where are they going to
- 4:34Speaker 2: go with that?
- 4:35Speaker 1: No place?
- 4:37Speaker 2: The Democrats are going to prevail. I'll tell you why
- 4:39Speaker 2: because when the court upheld this is the Supreme Court.
- 4:43Speaker 2: When the Supreme Court upheld Texas's ability to do that,
- 4:48Speaker 2: and California does exactly the same thing. The Supreme Court
- 4:54Speaker 2: also noted California in its decision. It mentioned cal California.
- 5:01Speaker 2: Bottom line is, this is legal unless you can prove
- 5:06Speaker 2: it is totally racial. And I don't know how are
- 5:12Speaker 2: you're going to do that because even coming up with
- 5:14Speaker 2: a reasonable argument that this is political in nature, and
- 5:17Speaker 2: it really does boil down to being political in nature,
- 5:21Speaker 2: where's the GOP going to go with that one?
- 5:23Speaker 1: No place?
- 5:24Speaker 2: Now, here's the irony. Texas is the first state to
- 5:27Speaker 2: pull this off. Then I think at South Carolina and
- 5:30Speaker 2: in a couple other states, the conservative legislators are doing
- 5:33Speaker 2: the same thing, and others are pending. California now is redistricting,
- 5:39Speaker 2: and that's going to be upheld by the court because
- 5:42Speaker 2: already the Supreme Court has ruled in the Texas case,
- 5:45Speaker 2: and it's exactly the same issue here. So where the
- 5:48Speaker 2: Republican's going to go. So Prop fifty is going to
- 5:52Speaker 2: stay in place. And by the way, it has a
- 5:54Speaker 2: sunset clause. It's only good through I think twenty thirty
- 5:58Speaker 2: and then afterwards it goes back to the Independent Commission.
- 6:01Speaker 2: This is strictly to fight Texas, nothing more, nothing less.
- 6:05Speaker 2: And so California is moving its map to add five additional.
- 6:10Speaker 1: Districts, same thing as Texas, except.
- 6:12Speaker 2: In the other way. It looks like Texas's plan is
- 6:16Speaker 2: going to fail while California is going to prevail, and
- 6:23Speaker 2: that is problematic for Texas. And this is where I
- 6:27Speaker 2: think the Republicans and the President blew it. We're going
- 6:31Speaker 2: to do this to get more Republican seats, and what
- 6:34Speaker 2: do they think the Democrats are going to just roll over?
- 6:37Speaker 2: I mean, of course they're going to fight it. And
- 6:40Speaker 2: that's exactly what's happening. And in the end, how many
- 6:44Speaker 2: stay Indiana just shut down Indiana, which is a Republican
- 6:47Speaker 2: legislature shut down and would not vote in a redistricting plan.
- 6:56Speaker 1: It's not that easy.
- 6:57Speaker 2: Except it looks like based on what the Supreme Court
- 7:00Speaker 2: with Texas and what's happening here in California. I think
- 7:03Speaker 2: the Democrats may have the edge on this issue. Okay,
- 7:08Speaker 2: I thought i'd share that with you. Anyway, that's not
- 7:10Speaker 2: going to go any place, all right, moving on, let
- 7:14Speaker 2: me go into this topic. As I said, this is
- 7:16Speaker 2: probably gonna be the most boring topic. Not really, I'm
- 7:19Speaker 2: kidding you, I think. And we're talking about the economy.
- 7:23Speaker 2: And Amy just reported that sixty four thousand jobs were
- 7:27Speaker 2: added in the month of December, which is better than expectations.
- 7:31Speaker 2: The problem is over one hundred thousand jobs were lost
- 7:34Speaker 2: in November and this does not bode well across the board.
- 7:39Speaker 2: It looks like we are Unemployment is going up, there's
- 7:42Speaker 2: no question about it. Consumer confidence is certainly going down. Prices,
- 7:48Speaker 2: contrary to the belief of some, are not dropping. The
- 7:53Speaker 2: poster child of me going to Costco a couple of
- 7:56Speaker 2: days ago and getting my English muffins where it used
- 7:59Speaker 2: to be seven ninety nine for a package of four
- 8:02Speaker 2: of these packs of English muffins, and now it's a
- 8:05Speaker 2: dollar and a half more for the same pack.
- 8:09Speaker 1: Wow, But then prices went down.
- 8:11Speaker 2: I've never been able to figure out how nine fifty
- 8:15Speaker 2: is lower than seven point fifty, but or eight, so
- 8:19Speaker 2: you figure that out.
- 8:21Speaker 1: All right.
- 8:21Speaker 2: There's a story in the Orange County Register about credit
- 8:25Speaker 2: card burden, and you would think that California, I mean,
- 8:30Speaker 2: we have some financial issues going down. But I'll tell
- 8:34Speaker 2: you what we don't have is credit card debt. Compared
- 8:38Speaker 2: to other states, we're the fourth lowest credit card burdened state.
- 8:44Speaker 2: In other words, we owe the least or at least
- 8:48Speaker 2: in terms of the way the analysis is done, we
- 8:50Speaker 2: actually owe more. That's only because we have more and
- 8:54Speaker 2: we make more than the other states. But the bottom line,
- 8:57Speaker 2: if you look at and here is this from wallet hub,
- 9:02Speaker 2: they looked at credit card balances, late paying card accounts,
- 9:07Speaker 2: federal wage data, credit scores.
- 9:10Speaker 1: Put it all together.
- 9:12Speaker 2: The number actually came out how many days of work
- 9:15Speaker 2: a week is required to pay off your credit card debt.
- 9:18Speaker 2: That's what all came down to. How many days a
- 9:21Speaker 2: week do you have to work to pay this off? Well,
- 9:26Speaker 2: in California it is eight days of average wages. In
- 9:33Speaker 2: other words, you have to work eight days to pay
- 9:35Speaker 2: off your credit card balance.
- 9:36Speaker 1: That is the fourth lowest.
- 9:39Speaker 2: Connecticut being well, it's tied with Connecticut for the lowest
- 9:45Speaker 2: now the median right is ten days, ten days versus
- 9:50Speaker 2: eight days.
- 9:50Speaker 1: I mean, that's pretty substantial.
- 9:52Speaker 2: Alaska has the highest number of workdays to pay off
- 9:56Speaker 2: credit card, almost thirteen days, and Mississippi is next to twelve.
- 10:02Speaker 2: And then it goes on and on and so what
- 10:04Speaker 2: is the balance? How much do you owe if you're
- 10:06Speaker 2: in credit card debt? Typically in California the average balance
- 10:11Speaker 2: is just over three thousand dollars, and you're not paying
- 10:15Speaker 2: your credit card bills off, but you're paying off your
- 10:19Speaker 2: credit card bills better than any other state in the Union.
- 10:23Speaker 2: So the differentiation was literally the size of the paycheck.
- 10:27Speaker 1: That's it.
- 10:29Speaker 2: And the Bureau of Labor Statistics measured all this in
- 10:33Speaker 2: the first quarter and they have their own formula, and
- 10:38Speaker 2: the most burdened states people earned two.
- 10:41Speaker 1: Hundred and forty nine dollars.
- 10:44Speaker 2: The lowest ones people earned three twenty one versus two
- 10:49Speaker 2: forty nine. So what's the bottom line here? I have
- 10:54Speaker 2: absolutely no idea, none whatsoever. I don't know what any
- 10:58Speaker 2: of this means. You can blame and for throwing this
- 11:01Speaker 2: topic at me, and I am sharing it with you,
- 11:06Speaker 2: But it does boil down to a simple maxim If
- 11:09Speaker 2: you can pay your credit card bills at the end
- 11:12Speaker 2: of the month.
- 11:13Speaker 1: If you can't, then you have to redo how you buy.
- 11:18Speaker 1: Buying with a.
- 11:19Speaker 2: Credit card, it's almost like free money in your mind.
- 11:22Speaker 2: It's plastic you take out. For example, spend a month
- 11:25Speaker 2: shopping with dollar bills with cash, and you'll see how
- 11:30Speaker 2: much you spend less without even thinking about it, because
- 11:35Speaker 2: real dollars.
- 11:36Speaker 1: Yesterday I got a bunch of bagels.
- 11:37Speaker 2: How unusual, and it was eight dollars and something sends
- 11:41Speaker 2: for free bagels. Go figure, there is a cost of
- 11:45Speaker 2: doing business. And I just took out a ten dollar bill.
- 11:49Speaker 2: I actually felt a ten dollar bill leaving my pocket,
- 11:54Speaker 2: not just physically feeling it, but felt this was money.
- 11:57Speaker 2: If I throw my credit card into that card reader, eh,
- 12:01Speaker 2: I mean, who pays attention to that. That's why credit
- 12:06Speaker 2: cards can be so dangerous and why credit card balances
- 12:10Speaker 2: go up. And also you forget what you bought with
- 12:13Speaker 2: credit cards. Look at your statement at the end of
- 12:15Speaker 2: the month. Oh yeah, and boy, these do have a
- 12:17Speaker 2: way of creeping up all right.
- 12:20Speaker 1: Oh oh, this is a fun one. Now.
- 12:23Speaker 2: I don't know if you've ever been to the Nixon
- 12:26Speaker 2: Library or the Reagan Library. I mean those are pretty
- 12:29Speaker 2: impressive places. When you go to these libraries, the Kennedy Library,
- 12:36Speaker 2: we're talking about presidential libraries.
- 12:38Speaker 1: They're very impressive places for the most part.
- 12:41Speaker 2: And every president starts working on a presidential library because
- 12:45Speaker 2: that's the legacy.
- 12:47Speaker 1: Well, Joe Biden is also working on his. And here
- 12:50Speaker 1: is the difference.
- 12:52Speaker 2: Presidential libraries cost hundreds of millions of dollars and they
- 12:56Speaker 2: are not built by governmental money, taxpayer money. It's private
- 13:02Speaker 2: money that builds these libraries, which means that lots and
- 13:07Speaker 2: lots of money has to be raised from donors. I
- 13:11Speaker 2: mean in the hundreds of millions of dollars. Joe Biden
- 13:16Speaker 2: has a little bit of a problem. He has forty
- 13:18Speaker 2: cents in his presidential library the bank account, and now
- 13:25Speaker 2: there's a lot of uncertainty about when a library is
- 13:27Speaker 2: going to be built. Does have viability loan as a
- 13:30Speaker 2: stand alone project, and that's very important because most presidential
- 13:35Speaker 2: libraries are stand alone, even if they're on campuses of universities,
- 13:40Speaker 2: they are their own buildings and their own campuses themselves,
- 13:45Speaker 2: so filing with the IRS, which they have to do.
- 13:48Speaker 2: Biden's library foundation, there's a foundation didn't receive any new money.
- 13:53Speaker 2: In twenty twenty four, the final year of his presidency,
- 13:56Speaker 2: when money really starts coming in. Instead, all the money
- 14:01Speaker 2: that it had four million dollars, that's it came from
- 14:06Speaker 2: the twenty twenty one inauguration. There was some money left
- 14:09Speaker 2: in his inauguration campaign, and.
- 14:12Speaker 1: So here we go.
- 14:14Speaker 2: Now he starts to look for money for the foundation
- 14:17Speaker 2: for his library, and now is beginning to actively raise money.
- 14:24Speaker 2: So the first event he's going to hold for potential
- 14:27Speaker 2: donors comes up on Monday in Georgetown, right outside of Washington.
- 14:33Speaker 2: Now this has even better and better. The foundation that's
- 14:37Speaker 2: going to create the library, because that's how way it works.
- 14:40Speaker 2: Told the IRS it specs to bring in eleven point
- 14:43Speaker 2: three million dollars by the end of twenty twenty seven.
- 14:48Speaker 2: Eleven million dollars. I wanted to keep that figure in
- 14:50Speaker 2: your mind while I go through this. Biden's aides say
- 14:55Speaker 2: they want to raise two hundred million dollars, So keep
- 15:00Speaker 2: that in mind. They have eleven million dollars right now,
- 15:07Speaker 2: expecting to have eleven million dollars by twenty twenty seven.
- 15:11Speaker 1: The AID say we need two hundred million dollars.
- 15:16Speaker 2: Well, there's so little money relative to a foundation relative
- 15:20Speaker 2: to a library. Presidential library discussions are underway about consolidating
- 15:26Speaker 2: a potential library with pre existing Biden institutions at the
- 15:30Speaker 2: University of Delaware, where he comes from, and that's where
- 15:35Speaker 2: he is going to put the library maybe, and that
- 15:39Speaker 2: has so little money and in reality has so little
- 15:42Speaker 2: chance of actually being built that it's probably have to
- 15:47Speaker 2: take advantage of the millions of dollars that the university
- 15:51Speaker 2: has and has already raised to build a Biden Hall
- 15:56Speaker 2: within the university. And when I'm talking about a Biden
- 16:00Speaker 2: I mean a Biden Hall, just the hallway that they're
- 16:04Speaker 2: going to build. Well, okay, maybe I exaggerate a little
- 16:09Speaker 2: bit on that one, but let me tell you about
- 16:12Speaker 2: the political aspects of this. Biden not only was not
- 16:16Speaker 2: my favorite president. Boy, what a choice you had Biden
- 16:19Speaker 2: or Trump on that one, you know, and before that
- 16:22Speaker 2: you had Hillary and Trump and just crazy Kamala Harris.
- 16:28Speaker 1: I mean, give me a break.
- 16:29Speaker 2: So Biden, who I as well as other people look
- 16:35Speaker 2: at Biden as having so much hubris that, as he
- 16:40Speaker 2: declared when he won, he was going to be a
- 16:41Speaker 2: transitional president. He was going to be one term and
- 16:45Speaker 2: turn over the party leadership and theoretically the president to
- 16:49Speaker 2: someone younger. And then he got to the point where,
- 16:52Speaker 2: oh no, this is Biden saying, I'm the only one
- 16:56Speaker 2: that can save America from Donald Trump. I am the
- 17:00Speaker 2: leader that is going to do this. The Hubris is
- 17:04Speaker 2: so insane, it's it's just nuts. So here's this, mister Hubris, right,
- 17:11Speaker 2: this is President Hubris now trying to go.
- 17:15Speaker 1: To some contributors.
- 17:18Speaker 2: Who we would normally go to to get this library
- 17:23Speaker 2: thing moving, because every president wants a library. I mean,
- 17:26Speaker 2: presidential libraries are sort of the thing. How do you
- 17:31Speaker 2: get a presidential library? Keeping in mind, you've got Obama,
- 17:33Speaker 2: You've got George w I mean, you have all the
- 17:36Speaker 2: presidential libraries out there. They cost hundreds of millions of dollars.
- 17:40Speaker 2: Biden has no money. His foundation that is building the
- 17:45Speaker 2: library says it'll have eleven million dollars by the end
- 17:49Speaker 2: of twenty twenty seven. So to give you an idea,
- 17:53Speaker 2: Obama has raised one point two billion dollars for his
- 17:59Speaker 2: presidential libry, which is under construction. Then you have Clinton,
- 18:04Speaker 2: who his is in the hundreds of millions of dollars.
- 18:09Speaker 2: President Trump who is going to build his in Miami,
- 18:13Speaker 2: which I don't understand why because he comes out of
- 18:15Speaker 2: New York.
- 18:15Speaker 1: But okay, so be it.
- 18:17Speaker 2: I'll bet you there are a couple of pissed off
- 18:19Speaker 2: New Yorkers that are not very happy with that. But
- 18:25Speaker 2: President Trump has already raised more than nine hundred and
- 18:29Speaker 2: fifty million dollars or wants to raise more than nine
- 18:32Speaker 2: hundred and fifty million dollars before he leaves office, which
- 18:35Speaker 2: he will do instantly. I mean with his donors, there's
- 18:37Speaker 2: no question about it. And that's still going to be
- 18:39Speaker 2: two hundred million short. So his is going to come
- 18:42Speaker 2: in at about one point one billion dollars. Biden is
- 18:46Speaker 2: going to have eleven million dollars by the end of
- 18:48Speaker 2: twenty twenty seven.
- 18:50Speaker 1: So what are they going to do?
- 18:53Speaker 2: Well, They've gone to donors already and most of them
- 18:57Speaker 2: said they haven't even contacted. The ones that were contacted
- 19:01Speaker 2: for this story, and this came out of the I
- 19:04Speaker 2: think Wall Street Journal and other Democratic donors said that
- 19:08Speaker 2: even if Biden did ask them, they're not going to
- 19:10Speaker 2: give any money because they're focused on President Trump or
- 19:14Speaker 2: just pissed off by Biden's term in office.
- 19:16Speaker 1: They just weren't treated well.
- 19:19Speaker 2: John Morgan, who's a Democratic donor, big time, one of
- 19:22Speaker 2: Biden's main top bundlers or raisers of money, said he
- 19:27Speaker 2: wouldn't give a penny because of the way he was
- 19:31Speaker 2: treated by Biden's staff. He also said the Biden staff
- 19:35Speaker 2: they ruined any type of good library for him. He's
- 19:38Speaker 2: lucky to have a bookmobile at the end of all this,
- 19:43Speaker 2: and so this is what I love.
- 19:44Speaker 1: So they go to the Foundation.
- 19:47Speaker 2: To get a comment on all this, and the Foundation
- 19:51Speaker 2: says it delayed holding fundraisers until now to allow for
- 19:56Speaker 2: intensive research, including visits to other presidential libraries. Now, I
- 20:02Speaker 2: don't know if you've ever gone to the Reagan Library
- 20:05Speaker 2: or the Nixon Library, which are wonderful. It takes about
- 20:08Speaker 2: an afternoon to go through them. That's what it takes.
- 20:12Speaker 2: And so coming out and doing extensive research, okay, we've
- 20:16Speaker 2: been doing that for years.
- 20:17Speaker 1: Good for you.
- 20:19Speaker 2: Also, Biden has been you know, he's been distracted. He's
- 20:24Speaker 2: got the radiation therapy, et cetera. But the bottom line is,
- 20:28Speaker 2: and this is where I said, there's you can look
- 20:30Speaker 2: at it different ways, good news or bad news, and
- 20:34Speaker 2: that is people former presidents who are raising tons and
- 20:40Speaker 2: tons of money. They're going to donors, and the argument
- 20:44Speaker 2: is they are beholden to those donors not only throughout
- 20:48Speaker 2: the presidency, but even afterwards using their influence. Biden has
- 20:52Speaker 2: the least number of donors of any of these presidents,
- 20:56Speaker 2: and his argument, or people would argue in his favors,
- 20:58Speaker 2: say that's right, he is beholden to far fewer people.
- 21:04Speaker 2: In the meantime, we have a lot of space on
- 21:08Speaker 2: the fifth floor here at KFI, and you are going
- 21:13Speaker 2: to see some Biden people come around because the few
- 21:17Speaker 2: thousand square feet, wouldn't it be wild? The Joseph Biden
- 21:22Speaker 2: Presidential Library on the fifth floor of where iHeart has
- 21:28Speaker 2: extra space.
- 21:30Speaker 1: Pretty impressive.
- 21:31Speaker 2: This is KFI AM six y f five.
- 21:36Speaker 1: You've been listening to the Bill Handle Show.
- 21:38Speaker 2: Catch my show Monday through Friday six am to nine am,
- 21:41Speaker 2: and anytime on demand on the iHeartRadio app.