Latest / Pod Save America / "Midterm Madness with Elizabeth Warren."
Transcript
- 0:21Speaker 1: Welcome to Pod Save America. I'm Jon Favreau.
- 0:23Speaker 2: I'm Jon Lovett.
- 0:24Speaker 1: Wow.
- 0:25Speaker 2: Loud. I'm Tommy Vittorio. You are.
- 0:28Speaker 1: I think you're still Tommy Vittorio. On today's show, Senator
- 0:30Speaker 1: Elizabeth Warren stopped by Crooked HQ to chat with Tommy.
- 0:34Speaker 1: But before that interview, we thought that since we covered
- 0:37Speaker 1: a lot of news in our DC and Boston live pods,
- 0:40Speaker 1: we'd dig into the mailbag today to answer some of
- 0:42Speaker 1: your questions on the midterms, messaging, favorite DC scandals, and more.
- 0:47Speaker 3: We have a great episode premised on the idea that
- 0:51Speaker 3: we didn't want to prep on Sunday.
- 0:53Speaker 2: Yeah. I just want to reflect on the fact that
- 0:56Speaker 2: Massachusetts has gotten a lot of good coverage on this
- 0:59Speaker 2: show lately. We had Senator Elizabeth Warren. We had Mayor
- 1:02Speaker 2: Michelle Wu. We had Senator Ed Markey. We had Mackie.
- 1:05Speaker 1: Yeah, we had quite a few Massachusetts politicians.
- 1:08Speaker 2: You bet we did. Where are you at, Syosset? I mean,
- 1:11Speaker 2: we can try to book Schumer.
- 1:14Speaker 1: I think we probably will soon.
- 1:15Speaker 2: Let's get him on.
- 1:16Speaker 1: Are we doing booking now at the beginning of the show?
- 1:19Speaker 2: Let's go to a gas station on a Sunday and
- 1:21Speaker 2: see if we get any hits. I thought we were
- 1:23Speaker 2: talking about testicle tanning today. Or is that just a
- 1:25Speaker 2: Tucker Carlson?
- 1:26Speaker 1: You know what? If we were doing a normal pod today,
- 1:28Speaker 1: we would have, and no one asked about it in
- 1:30Speaker 1: the questions. It was an opportunity for you people, so.
- 1:32Speaker 2: It's a mailbag, Phil.
- 1:34Speaker 1: All right, a few quick housekeeping notes before we start.
- 1:36Speaker 1: We talked about this briefly during last week's live shows,
- 1:38Speaker 1: but Vote Save America has launched our Midterm Madness competition.
- 1:43Speaker 1: Came right after March Madness was over. Now we start
- 1:46Speaker 1: Midterm Madness. If you go to votesaveamerica.com slash midterms, You
- 1:50Speaker 1: can sign up to get connected with actions that you
- 1:52Speaker 1: can take right now. We will host events where we
- 1:57Speaker 1: lay out midterm strategy. We're going to help train you
- 1:59Speaker 1: guys to become organizers. You can pick a region of
- 2:02Speaker 1: the country to focus on, east, midwest, south, or west.
- 2:06Speaker 1: Each of the Pod Save America hosts is coaching a region.
- 2:10Speaker 2: I'm a coach. I took Canada.
- 2:11Speaker 1: I took the west.
- 2:12Speaker 2: And the midwest.
- 2:15Speaker 1: I took the west. Arizona, Nevada, some big races. A
- 2:18Speaker 1: lot of competitive house races. I'm excited.
- 2:20Speaker 2: I have the Northeast.
- 2:22Speaker 1: And then Dan has the South, I believe. You bet
- 2:23Speaker 1: he does.
- 2:24Speaker 4: Okay.
- 2:24Speaker 1: Well, we're trying to get at least 10,000 signups per region, 40,000 total.
- 2:29Speaker 1: At least. Lovett wants to make sure that we emphasize
- 2:31Speaker 1: that it's 40,000 total. I like the bigger number. He
- 2:33Speaker 1: wants the big number.
- 2:33Speaker 2: I like the bigger number.
- 2:34Speaker 1: By the end of May.
- 2:35Speaker 3: I tried to get him to do 50 at the
- 2:36Speaker 3: live show, just to kind of keep everybody on their toes.
- 2:39Speaker 1: Painstaking process to figure out how many signups. Lovett just
- 2:42Speaker 1: wanted to add to it.
- 2:42Speaker 2: Yeah. He's doing his Steve Jobs. Absolutely. What if more?
- 2:45Speaker 2: What if it was more?
- 2:46Speaker 1: Yeah. Elizabeth Holmes over here. All right.
- 2:50Speaker 2: We're going to save this country with just one drop
- 2:51Speaker 2: of blood. We've all been watching a lot of tech scams.
- 2:56Speaker 2: A lot of we crashed.
- 2:57Speaker 1: All right. So anyway, we need you to sign up
- 2:59Speaker 1: by the end of May so we can be ready
- 3:00Speaker 1: for November. So go sign up now. It's votesaveamerica.com slash midterms.
- 3:05Speaker 1: You all did such a good job with Adopt-A-State for 2020.
- 3:07Speaker 1: We want to basically recreate that again for the midterms.
- 3:11Speaker 2: It's a zone defense for democracy.
- 3:13Speaker 1: There you go.
- 3:14Speaker 2: How about that?
- 3:14Speaker 1: Look at that. That was on the fly.
- 3:15Speaker 2: That works. That worked.
- 3:16Speaker 1: Sure.
- 3:17Speaker 2: Everyone knows it worked.
- 3:18Speaker 1: Also check out this week's Offline. I had a great
- 3:20Speaker 1: conversation with Lauren Williams. She's the former editor-in-chief at Vox
- 3:23Speaker 1: who left to start Capital B News, which is a
- 3:25Speaker 1: new nonprofit news organization focused on fighting misinformation and distrust
- 3:30Speaker 1: in the black community. We talked about how the George
- 3:32Speaker 1: Floyd protests inspired a great reckoning in newsrooms, how the
- 3:35Speaker 1: media has failed in their coverage of critical race theory,
- 3:38Speaker 1: and why Capital B thinks that rejuvenating local news coverage
- 3:41Speaker 1: is part of the solution to our online misinformation problem.
- 3:45Speaker 1: Go check it out.
- 3:46Speaker 2: All right.
- 3:47Speaker 1: Let's answer some questions, guys. First one. What does an
- 3:52Speaker 1: optimistic rest of the year look like politically? Best case
- 3:56Speaker 1: scenario for what gets done by the midterms?
- 3:59Speaker 2: Have at it, Favreau.
- 4:00Speaker 1: You want me to do it?
- 4:01Speaker 2: Yeah, what do you got? You do that one.
- 4:02Speaker 1: Here we go.
- 4:03Speaker 2: Mine is to throw my phone into a lake and
- 4:06Speaker 2: hide from the news.
- 4:06Speaker 1: Here's on my list. I got a list of things
- 4:08Speaker 1: that go well. A laundry list. This is to give us, again,
- 4:12Speaker 1: we don't do predictions here. All this goes well. I'm
- 4:15Speaker 1: not going to say that we're going to win. but
- 4:17Speaker 1: this is to give us our best chance here. One,
- 4:20Speaker 1: Manchin and Sinema agree to a bill. We won't name
- 4:24Speaker 1: the bill. It's just a bill that raises taxes on
- 4:27Speaker 1: the rich, cuts the deficit, lowers the cost of healthcare
- 4:30Speaker 1: premiums and prescription drugs, and invests in climate, though any
- 4:34Speaker 1: bill will also probably increase fossil fuel production in the
- 4:37Speaker 1: short term because otherwise Manchin won't agree to it. So
- 4:40Speaker 1: there's some kind of bill like that that gets passed.
- 4:42Speaker 1: Then Biden forgives $ 10, 000 in student debt It's going to
- 4:47Speaker 1: be 10. It probably won't be 50 because he promised
- 4:50Speaker 1: 10 in the campaign. He didn't promise 50. That's the deal.
- 4:53Speaker 1: And takes a number of additional executive actions on things
- 4:56Speaker 1: like minimum wage. There's a bunch of other things he
- 4:58Speaker 1: can do. Inflation settles down. I probably should have put
- 5:00Speaker 1: that first because that's probably going to have the biggest
- 5:02Speaker 1: impact on what happens in the midterms.
- 5:04Speaker 2: Settle down inflation.
- 5:05Speaker 1: Settle down inflation. There was some talk that the last
- 5:09Speaker 1: report last week was probably the high point of inflation.
- 5:13Speaker 1: There was some hope about that. So we'll see. There
- 5:15Speaker 1: are no significant new variants that evade immunity. There could
- 5:19Speaker 1: be new variants.
- 5:19Speaker 2: I love this list.
- 5:20Speaker 3: I think what would go better is every time you
- 5:22Speaker 3: did one, you dropped a kind of comic fake vase
- 5:26Speaker 3: on your head.
- 5:26Speaker 2: You know what I mean? See, I was going to
- 5:29Speaker 2: say like a magic wand.
- 5:31Speaker 1: I mean, you interrupted me. We could have had a
- 5:33Speaker 1: great video of me just saying all those things, and
- 5:35Speaker 1: then after the midterms, then you could have dropped the
- 5:37Speaker 1: vase on my head one by one.
- 5:38Speaker 2: Piano or Nando.
- 5:39Speaker 1: So anyway, no new variants that evade immunity. So Republicans
- 5:43Speaker 1: nominate some real Trumpy candidates in the Senate and the
- 5:47Speaker 1: governor's primaries. Trump can't keep himself out of the headlines.
- 5:51Speaker 1: That would be helpful. And then Democrats really drive the
- 5:54Speaker 1: choice between the Rick Scott agenda of raising taxes and
- 5:58Speaker 1: cutting your health care and the Democratic agenda. So that's
- 6:01Speaker 1: that's what I have on my list.
- 6:02Speaker 2: The aristocrats. That's a good list, John. It was a
- 6:05Speaker 2: real John. It was a really nice lesson. Thank you.
- 6:08Speaker 2: I had some similar stuff in there. I talked to Warren,
- 6:10Speaker 2: Senator Elizabeth Warren, about inflation and the arguments we hear
- 6:19Speaker 2: from her and from Democrats that seem to explain inflation,
- 6:22Speaker 2: but not necessarily win a political argument about it. It's
- 6:24Speaker 2: an interesting thing to say there.
- 6:26Speaker 1: I should say, by the way, she has a big
- 6:28Speaker 1: op-ed in the New York Times today about what Democrats
- 6:30Speaker 1: can do to avoid midterm losses. Timed, I'm guessing, right
- 6:34Speaker 1: to your interview with her. She was like, I got
- 6:36Speaker 1: the Vitor interview, and now I'm going to do the
- 6:37Speaker 1: rollout of the op-ed.
- 6:38Speaker 2: You heard it here second. That's what we do here
- 6:42Speaker 2: at Pod Save America. That's our bed and brother. Hey,
- 6:45Speaker 2: you heard it here second.
- 6:47Speaker 1: That's a great tagline.
- 6:49Speaker 2: Let's put that on something.
- 6:50Speaker 1: You heard it here a second.
- 6:55Speaker 2: Long-term tax credits for renewable energy. I love that. I
- 6:57Speaker 2: would like some more progressive taxation. Again, yeah, don't at me.
- 7:00Speaker 2: I know that Cinema Mansion would be a pain in
- 7:02Speaker 2: all this. Yeah, I'd love all these things. I want
- 7:05Speaker 2: as many liberal judges as humanly possible, and I want
- 7:08Speaker 2: them to be as young as humanly possible. We can
- 7:10Speaker 2: get a teenage judge. What was Dan's joke? Harvard 10K.
- 7:15Speaker 1: No, right.
- 7:15Speaker 2: Harvard Law 10K. Yeah, right.
- 7:16Speaker 3: The best Supreme Court justice is the most recent winner
- 7:19Speaker 3: of the Harvard Law 10K.
- 7:20Speaker 2: Fastest time in the Harvard 10K.
- 7:21Speaker 1: That's right. That's right.
- 7:22Speaker 3: Yeah.
- 7:22Speaker 2: Some executive action, the climate guns, whatever we got. I'd
- 7:25Speaker 2: love to see some January 6th committee results.
- 7:28Speaker 4: Good.
- 7:29Speaker 1: Yeah. I forgot about that one. Some action there. That's good, too.
- 7:31Speaker 3: Maybe Elon puts Trump back on Twitter. Everybody gets reminded
- 7:34Speaker 3: what a piece of shit he is.
- 7:35Speaker 1: Here's a world of thing also. Maybe, you know, Putin
- 7:38Speaker 1: can sort of come. Speaking of people settling down.
- 7:40Speaker 2: What if Elon buys Twitter and then he and Zuckerberg
- 7:43Speaker 2: swap on a freaky Friday?
- 7:45Speaker 1: We just had to cut something that was almost going
- 7:47Speaker 1: to get us sued. Anything else? I don't know where
- 7:51Speaker 1: we are. Anyway, that's optimism.
- 7:53Speaker 2: I just disavow John in case the uncut tapes get out.
- 7:56Speaker 2: And I don't know anything.
- 7:59Speaker 1: But anyway, that's the optimistic scenario, and that's why everyone
- 8:01Speaker 1: should be working hard. Midterm madness, votesaveamerica.com slash midterms. Because
- 8:08Speaker 1: if everyone gets to work, then all that can possibly
- 8:12Speaker 1: come true.
- 8:12Speaker 2: If the things you listed happened, that would be an
- 8:15Speaker 2: extraordinary first two years of any administration in history.
- 8:18Speaker 1: Yeah, there's a lot of stuff to get right. A
- 8:19Speaker 1: lot of stuff to go right there. Yeah. A lot
- 8:21Speaker 1: of stuff to go right. All right. Phoenix asks, you
- 8:24Speaker 1: guys spend a lot of time laying out a groundwork. Yeah,
- 8:27Speaker 1: they all get together. And this was the resolution that
- 8:31Speaker 1: they came up with. You guys spend a lot of
- 8:32Speaker 1: time laying out a groundwork for what Democrats can, should do,
- 8:36Speaker 1: but it too often does not line up with what
- 8:37Speaker 1: Democrats actually do, even when they seem like no-brainer, obvious choices.
- 8:41Speaker 1: Why do you think this is, and how much does
- 8:43Speaker 1: it drive you crazy? And then in parentheses, our producer said,
- 8:47Speaker 1: lots of questions about why Democrats are so bad with messaging.
- 8:50Speaker 2: Because they updated the Apple podcast app, and these members
- 8:55Speaker 2: missed a lot of episodes. Yeah, a couple episodes in April,
- 8:57Speaker 2: I didn't get. I think it's because we have super
- 9:00Speaker 2: thin majorities, President Biden does, and it's really hard to
- 9:02Speaker 2: get people to agree to stuff, especially when they're acting
- 9:04Speaker 2: in bad faith, like Joe Manchin and Kyrsten Sinema.
- 9:07Speaker 3: They have to separate the messaging issue from the policy issue.
- 9:12Speaker 3: I think the policy issue is actually easier to explain
- 9:14Speaker 3: than the messaging issue. The policy issue is a world
- 9:17Speaker 3: in which you have the consensus of 99% of Democrats
- 9:21Speaker 3: and you have zero Democrats currently looks the same in
- 9:23Speaker 3: terms of policy outcomes out of Congress because we are
- 9:26Speaker 3: short two fucking votes from in the Senate because of
- 9:30Speaker 3: Cal Cunningham's lack of restraint and Sarah.
- 9:34Speaker 1: Gideon's... It's apparently never been to Maine.
- 9:35Speaker 2: Never been to Maine. She's like, it's so great to
- 9:38Speaker 2: be here. Is it Bangor? How do you say it here?
- 9:41Speaker 1: She's like, I thought.
- 9:41Speaker 2: Is it Bangor? It's not the one next to Vermont.
- 9:44Speaker 2: Never said it out loud before. Bangor. I'm Sarah Gideon. Bangor.
- 9:49Speaker 3: The point is, that is all very frustrating and we've
- 9:53Speaker 3: all been frustrated by two years and I think there's
- 9:54Speaker 3: a lot of people who, rather than... be adults about
- 9:58Speaker 3: the reality that this requires nuance, understand, just simply blame
- 10:02Speaker 3: Democrats online and social media, because I think it's more
- 10:04Speaker 3: fun and easier to vent that way. The messaging question
- 10:08Speaker 3: is harder. But one reason is everybody thinks of themselves
- 10:11Speaker 3: as a messaging genius. And everybody sees things a little
- 10:13Speaker 3: bit differently.
- 10:14Speaker 1: You've got to put it on a bumper sticker. It's
- 10:16Speaker 1: got to be short enough for a bumper sticker. You
- 10:18Speaker 1: hear that a lot from donors when you go to
- 10:21Speaker 1: political events.
- 10:22Speaker 4: Yeah.
- 10:23Speaker 1: Especially in L.A.
- 10:24Speaker 3: Two things you hear is you've got to be able
- 10:27Speaker 3: to put on a Burma sticker.
- 10:28Speaker 2: Why isn't there a purple party? I belong. I'm a
- 10:31Speaker 2: rich cosmopolitan Angeleno. I'd like a purple party.
- 10:34Speaker 1: Those are fundraising events in Manhattan. And you get some
- 10:38Speaker 1: of that in San Francisco, too.
- 10:39Speaker 2: L.A. too, yeah.
- 10:40Speaker 1: Yeah. la again i have a creative friend who can
- 10:42Speaker 1: do uh rights for television maybe they can help with
- 10:45Speaker 1: politics it's.
- 10:46Speaker 5: About the story you tell this is scathing jesus here's
- 10:49Speaker 5: the thing on the messaging front i will say having
- 10:52Speaker 5: worked in politics and government it is always uh easier
- 10:54Speaker 5: to give advice from the cheap seats which is what
- 10:56Speaker 5: we're sitting in right now um it also like you
- 10:59Speaker 5: know what seems easy from the outside isn't necessarily easy
- 11:02Speaker 5: inside like Maybe Joe.
- 11:05Speaker 1: Manchin does something and you're in the White House and
- 11:07Speaker 1: you want to tear him a new asshole. But you
- 11:09Speaker 1: know that you need his vote for, say, confirming Katonji
- 11:12Speaker 1: Brown Jackson to the Supreme Court and which they got. Right.
- 11:15Speaker 1: So like there's a lot of compromises that you have
- 11:17Speaker 1: to make. So you can't necessarily just yell and scream
- 11:21Speaker 1: like we get to do. I also think that messaging
- 11:22Speaker 1: is hard because even if you have the messaging right,
- 11:25Speaker 1: it has to still break through. And Democrats do not
- 11:29Speaker 1: have a media apparatus to get their message out like
- 11:32Speaker 1: Republicans do.
- 11:33Speaker 2: And events in the world.
- 11:33Speaker 4: Yeah.
- 11:34Speaker 2: You know, Ukraine is going to dominate the news for
- 11:36Speaker 2: the last seven weeks, no matter what.
- 11:37Speaker 3: I do think that's actually a really big part of
- 11:39Speaker 3: the problem, which is, you know, we yell at the
- 11:42Speaker 3: people who will listen to us.
- 11:44Speaker 2: It's easier.
- 11:44Speaker 3: It's more fun to yell at somebody who responds. Democrats
- 11:47Speaker 3: yell at each other. They respond to each other. They
- 11:48Speaker 3: engage each other. They debate each other. When meanwhile, you know,
- 11:51Speaker 3: we are dealing with a media environment, which there's really
- 11:55Speaker 3: kind of like the stories are Democrats on defensive, Democrats
- 11:59Speaker 3: out of touch, Democrats evil. Democrats divided. If it doesn't
- 12:02Speaker 3: fit into one of those buckets, you're not going to
- 12:04Speaker 3: doesn't have stays and float doesn't stay above the above
- 12:06Speaker 3: the water.
- 12:08Speaker 1: I'll also say Dan always makes this point. We all
- 12:10Speaker 1: have agency here, too. We are all messengers now because
- 12:14Speaker 1: we all have Twitter, Facebook, Instagram accounts that we can
- 12:17Speaker 1: use to post to. And, you know, I think it
- 12:21Speaker 1: is everyone has every right and should push Democrats, push
- 12:25Speaker 1: Democratic leaders to to pass legislation that that they want
- 12:29Speaker 1: to push for policies that they believe in. But I
- 12:31Speaker 1: would just think to yourself as we head into the midterms,
- 12:34Speaker 1: if you look at all your feeds and look at
- 12:35Speaker 1: all your posts, like what's the balance between criticizing Democrats
- 12:40Speaker 1: for not doing enough and pointing out what Republicans are
- 12:43Speaker 1: doing and the choice in the election?
- 12:46Speaker 3: How many of you went on Twitter today and criticized
- 12:49Speaker 3: Joe Biden but didn't talk about what he did to
- 12:51Speaker 3: bring back the Mexican pizza?
- 12:54Speaker 4: Right.
- 12:54Speaker 2: Did he do that?
- 12:56Speaker 3: Under Joe Biden's predecessor, the Mexican pizza was lost. Under
- 13:00Speaker 3: Joe Biden's administration, the Mexican pizza is back.
- 13:03Speaker 2: This is a Taco Bell item?
- 13:04Speaker 1: Mm-hmm.
- 13:04Speaker 2: You bet it is. Is it good? Is it good?
- 13:07Speaker 1: Yeah, Tommy. Yeah, Tommy.
- 13:08Speaker 2: It's pretty good. It's a pretty good item.
- 13:11Speaker 1: All right. Well, I would just say, and I'm not
- 13:16Speaker 1: even saying like, oh, you got to give Joe Biden
- 13:17Speaker 1: more credit for shit. I'm saying like, we're heading into
- 13:21Speaker 1: an election where we want to frame it as a
- 13:23Speaker 1: choice between the Democratic vision for the country and the
- 13:25Speaker 1: Republican vision for the country. Republicans are doing a lot
- 13:27Speaker 1: of bad shit. We should spend some time talking about that.
- 13:30Speaker 2: Yeah, I think that's right.
- 13:31Speaker 1: Again, that's not to give up your criticism of Democrats.
- 13:33Speaker 1: Do that, too. Yeah, please. Just think about the balance.
- 13:35Speaker 1: Think about the balance in your daily, in your output.
- 13:39Speaker 1: And your input. And your input. Griffin asks, what's your
- 13:43Speaker 1: favorite D.C. political scandal and why?
- 13:45Speaker 2: The DJ?
- 13:46Speaker 1: Yeah, your friend, Dan.
- 13:49Speaker 2: I think we're all probably thinking of the same scandal.
- 13:51Speaker 2: You want to say it on three?
- 13:52Speaker 1: Yeah. One, two, three.
- 13:53Speaker 2: Teapot Dome. I fucking knew it. I knew he was
- 13:57Speaker 2: going to say Teapot Dome.
- 13:58Speaker 1: I was about to say Coke Orgies. Coke Orgies is
- 14:01Speaker 1: my favorite. I knew it.
- 14:02Speaker 3: There's two options for what that was going to be.
- 14:04Speaker 3: It was either going to be Teapot Dome or XYZ Affair.
- 14:07Speaker 2: What's the XYZ Affair? I don't know. It involves France.
- 14:10Speaker 1: Okay.
- 14:11Speaker 2: Is that an old-timey one? You bet it is.
- 14:13Speaker 1: Tommy, I know you did some research on this, so
- 14:14Speaker 1: why don't you dig into some of your favorite scandals?
- 14:16Speaker 2: I mean, Teapot Dome, 1920s, oil companies bribe Warren G. Harding,
- 14:20Speaker 2: Secretary of the Interior, to get access to oil reserves
- 14:22Speaker 2: that had been cordoned off for the Navy, I believe.
- 14:26Speaker 2: Stacks of cash in bags. It was a murder-suicide.
- 14:30Speaker 1: It was a murder-suicide?
- 14:32Speaker 4: Oh, yeah.
- 14:32Speaker 2: Harding was kind of a creep in his personal life
- 14:34Speaker 2: on top of that. Good stuff.
- 14:36Speaker 1: Wow. I don't know much about the teapot.
- 14:38Speaker 2: I Googled it today.
- 14:42Speaker 1: Love it. You got any others?
- 14:44Speaker 2: No, mine was also the teapot dome scandal of the
- 14:46Speaker 2: Harding administration.
- 14:48Speaker 3: I'll just add two. One is more of a political scandal,
- 14:53Speaker 3: not as much of a D.C.
- 14:54Speaker 2: Scandal.
- 14:55Speaker 3: But I was surprised to learn that President Franklin Delano Roosevelt,
- 15:00Speaker 3: before he was president, recruited sailors to go have gay
- 15:04Speaker 3: sex to prove that there were gay people in Newport,
- 15:07Speaker 3: Rhode Island.
- 15:09Speaker 2: And they proved it.
- 15:11Speaker 1: Yeah, I mean, I would imagine so.
- 15:12Speaker 2: They called them the Ladies of Newport. It's a dark scandal, actually.
- 15:16Speaker 2: You want my Ron Contra notes? Yeah. Yeah.
- 15:18Speaker 1: Everything you researched, I want... You didn't do this for nothing.
- 15:22Speaker 1: This is your opportunity.
- 15:23Speaker 2: The one I thought we would chat about that I
- 15:25Speaker 2: thought you guys were there for and we all watched
- 15:27Speaker 2: happen was the Jack Abramoff scandal. Yes, because the emails
- 15:30Speaker 2: were so good. Yeah, it's a good one because it's like.
- 15:32Speaker 1: Frothy scandal in 2006.
- 15:34Speaker 2: Good old-fashioned bribery. But, I mean, I think Abramoff, that scandal...
- 15:41Speaker 2: Jack Abramoff was a lobbyist and a lawyer who was
- 15:43Speaker 2: deeply connected in the Republican establishment. And I think When
- 15:47Speaker 2: what he did came out, it showed how morally bankrupt
- 15:50Speaker 2: the biggest right-wing leaders are, right? It was Tom DeLay,
- 15:53Speaker 2: Grover Norquist, Ralph Reed, Newt Gingrich. And Jack Abramoff was
- 15:57Speaker 2: an absolute scumbag. He was getting money from the apartheid
- 16:01Speaker 2: South African government. He was lobbying on behalf of the
- 16:04Speaker 2: Pakistani military after they tested a nuclear weapon and it
- 16:09Speaker 2: was disclosed. Yeah, and he just robbed his clients blind
- 16:11Speaker 2: by padding his time schedule online. And he'd put it
- 16:14Speaker 2: in emails, be like, add 660 hours to my billing
- 16:18Speaker 2: when I did two hours.
- 16:19Speaker 3: And then there was moments where in the emails he
- 16:20Speaker 3: was like, he would just write in all caps, I
- 16:22Speaker 3: want their money! Exclamation point, which didn't look great. Dollar signs,
- 16:25Speaker 3: dollar signs.
- 16:25Speaker 2: And he was a producer on a Dolph Lundgren movie.
- 16:28Speaker 2: None of these scandals are good. I think this one's
- 16:30Speaker 2: interesting and Ron Contra's interesting just because of what it
- 16:33Speaker 2: revealed about the broader system and how much money was
- 16:36Speaker 2: distorting politics.
- 16:37Speaker 1: You talking about Jack Abramoff and all the shit he
- 16:39Speaker 1: did reminded me of Paul Manafort, Trump's first campaign manager,
- 16:43Speaker 1: who got in plenty of trouble and then just recently
- 16:46Speaker 1: like Playbook interviewed him like, what's Paul Manafort up to
- 16:49Speaker 1: now and what does he think about how Joe Biden's doing?
- 16:52Speaker 2: That really made me mad. It's like, what?
- 16:54Speaker 1: Why are we going to Paul Manafort for a quote now?
- 16:56Speaker 2: He had great ties, Paul Manafort. I think he's back
- 16:58Speaker 2: in Congress.
- 16:59Speaker 1: And he's got his own fucking consulting firm now. That's
- 17:01Speaker 1: DC for you.
- 17:02Speaker 2: Jack Abramoff might be back.
- 17:03Speaker 1: Remember when Dick Cheney shot his friend in the face?
- 17:05Speaker 2: And the friend apologized. That's power.
- 17:07Speaker 1: That was a weird one. That was a weird one.
- 17:09Speaker 2: Ron Contra is also telling one because you have the
- 17:11Speaker 2: Reagan administration selling arms to to Iran despite an arms embargo.
- 17:15Speaker 2: And then the proceeds are supposed to go to the
- 17:17Speaker 2: Contras despite a provision passed by Congress specifically not allowing that.
- 17:22Speaker 2: Seems clear that Reagan was in on it. George H.W.
- 17:25Speaker 2: Bush was in on it. And then George H.W. Bush
- 17:28Speaker 2: just pardons everyone. No one ever really talks about it again.
- 17:30Speaker 2: There's no political fallout. Reagan was feinsteining pretty hard by
- 17:33Speaker 2: then too.
- 17:34Speaker 1: I got hung up on favorite DC political scandal and
- 17:37Speaker 1: I went to the Trump year's and started thinking, like,
- 17:39Speaker 1: what was the dumbest but sort of fun scandal from
- 17:42Speaker 1: the Trump era, since there were so many serious ones.
- 17:43Speaker 1: And I just thought, all I could think of was
- 17:46Speaker 1: Trump changing the weather map with the Sharpie.
- 17:49Speaker 4: That was good.
- 17:50Speaker 1: Because he said that the hurricane was going to hit Alabama.
- 17:52Speaker 1: That wasn't the case. The Weather Service had to correct him.
- 17:54Speaker 1: And so he's like, I'll correct the Weather Service. And
- 17:56Speaker 1: he just drew the line around Alabama.
- 17:58Speaker 3: You know, it was a little one that we never
- 17:59Speaker 3: got to the bottom of. It was when Sandy Berger,
- 18:02Speaker 3: who was a national security official in the Clinton administration,
- 18:05Speaker 3: was caught stuffing... classified documents into his socks, and he
- 18:10Speaker 3: had apparently done it several times before potentially, and we
- 18:13Speaker 3: actually never found out why he was doing it or
- 18:16Speaker 3: if there's anything he's destroyed that we didn't have copies of.
- 18:18Speaker 3: We literally never got a full, real explanation.
- 18:21Speaker 1: Maybe he just wanted to work from home.
- 18:22Speaker 2: Maybe the elastic on his socks kind.
- 18:24Speaker 1: Of was falling apart. It was the first foray into
- 18:27Speaker 1: the remote work. It's like, I don't want to stay
- 18:31Speaker 1: in the office and have to look at the classified
- 18:33Speaker 1: documents here.
- 18:33Speaker 2: I want to go home. It's a work-life balance. Yeah,
- 18:35Speaker 2: Eddie Berger's doing a hybrid thing.
- 18:45Speaker 1: Here's a question. Would you rather work in the Trump
- 18:48Speaker 1: cabinet or marry into the Trump family?
- 18:51Speaker 2: Hmm.
- 18:54Speaker 1: How....
- 18:56Speaker 2: I mean, how far removed?
- 18:57Speaker 1: That's all they gave us. You can take it wherever
- 19:00Speaker 1: you want from there.
- 19:01Speaker 2: Ivanka, Don, or Eric?
- 19:04Speaker 1: Tiffany?
- 19:05Speaker 2: Tiffany, right. I always forget.
- 19:06Speaker 1: Oh, yes. I mean, so does her family.
- 19:09Speaker 3: I feel like this is a harder question for me
- 19:11Speaker 3: than for you.
- 19:12Speaker 2: Because, like, what am I doing here?
- 19:16Speaker 1: Where do I go?
- 19:17Speaker 2: There's nowhere to go.
- 19:18Speaker 1: No, it doesn't say Trump family. There could be, like, cousins.
- 19:20Speaker 2: Cousins?
- 19:21Speaker 1: Yeah, I don't know.
- 19:22Speaker 2: Yeah.
- 19:23Speaker 3: I could marry Mary Trump. It could be, like, a
- 19:25Speaker 3: kind of... You know, what's that called? May-December, you know?
- 19:29Speaker 2: I don't know what that's called.
- 19:30Speaker 1: I don't know what you're referring to.
- 19:31Speaker 2: Because she's an older gal. What's a May-December?
- 19:33Speaker 3: May-December relationship, you know? I'll be like her, like, what
- 19:37Speaker 3: do you call it? Like a trophy husband. I'll be
- 19:39Speaker 3: Mary Trump's trophy husband.
- 19:42Speaker 2: Oh, is that how you think it would go?
- 19:45Speaker 1: That's awesome.
- 19:46Speaker 3: And then we'll take on Trump together. and never have
- 19:50Speaker 3: sex not once in the whole history of the thing.
- 19:52Speaker 1: I just think I'd like work.
- 19:54Speaker 2: Zero times.
- 19:54Speaker 1: Work in the Trump cabinet.
- 19:56Speaker 2: Two bedrooms.
- 19:56Speaker 1: Do whatever I want and then get fired.
- 19:58Speaker 2: Write an anonymous op-ed.
- 19:59Speaker 1: Yeah, right.
- 20:00Speaker 2: A lot of people thought they could do that. A
- 20:02Speaker 2: lot of people thought they could do that.
- 20:03Speaker 3: Next thing I know, their husband's not getting endorsed in Pennsylvania.
- 20:05Speaker 5: Yeah.
- 20:08Speaker 2: This one was paired with a, who would you want
- 20:10Speaker 2: to be stuck on an island with? And I accidentally
- 20:12Speaker 2: answered that one. That's fine. And I thought Mark Meadows
- 20:14Speaker 2: because you could very easily trick him into giving you
- 20:16Speaker 2: his water and food provisions.
- 20:18Speaker 1: Oh, I thought because you wanted like a text buddy.
- 20:20Speaker 2: Or no, or Wilbur Ross because he would just be
- 20:22Speaker 2: napping and wouldn't talk.
- 20:24Speaker 1: This question is from Not Jeff. That's what was the
- 20:28Speaker 1: Twitter name. The top three leadership positions of the House
- 20:31Speaker 1: Dems have all been the same people since January 2007
- 20:33Speaker 1: and they're all 80 plus years old. Aren't Dems encouraging
- 20:36Speaker 1: the notion that they're out of touch and handicapping their
- 20:39Speaker 1: own chances? Isn't the lack of turnover hurting the party
- 20:41Speaker 1: in the long run?
- 20:42Speaker 2: Hard disagree.
- 20:44Speaker 3: I hope Nancy Pelosi and Steny Hoyer are in those
- 20:46Speaker 3: jobs 10 years from now.
- 20:51Speaker 2: Yeah, it's a huge problem. Don't change horses midstream.
- 20:56Speaker 1: Tommy, what do you think?
- 20:57Speaker 2: Is this from not Jeff Moulton?
- 21:00Speaker 1: Hey.
- 21:01Speaker 2: Yeah, obviously it matters. I mean, think about, we just
- 21:06Speaker 2: did a show in Boston where we had the mayor,
- 21:08Speaker 2: Michelle Wu, who I believe is 37 and Senator Ed Markey,
- 21:11Speaker 2: who is.
- 21:12Speaker 1: The junior senator from Massachusetts in reverse.
- 21:14Speaker 2: And it was their, the experience they bring to bear,
- 21:17Speaker 2: but their communication style, leadership style. I mean, like they
- 21:20Speaker 2: both were super interesting, compelling from different ways. And I
- 21:23Speaker 2: think I, yes, there are some younger members of Congress
- 21:26Speaker 2: like Brian Schatz or Chris Murphy or others who just
- 21:29Speaker 2: communicate in a different way, have different priorities, have a
- 21:31Speaker 2: different style. And I think like it matters.
- 21:33Speaker 1: Yeah.
- 21:33Speaker 3: I think, um, Having an older senator or an older
- 21:37Speaker 3: Speaker of the House, that in and of itself is
- 21:38Speaker 3: not an indictment at all, and they can be great leaders.
- 21:42Speaker 3: Bernie Sanders is an older member of the Senate. He's
- 21:46Speaker 3: also one of the more exciting members.
- 21:47Speaker 2: To a lot of young people. I was trying to
- 21:48Speaker 2: get it. Ed Markey is super compelling and exciting, but
- 21:51Speaker 2: in a completely different way that I made the comparison
- 21:55Speaker 2: between him and Michelle Wu so interesting to me. You
- 21:57Speaker 2: can see different characteristics.
- 21:59Speaker 3: I think the point, the problem is the fact that
- 22:02Speaker 3: so many of the people in leadership are so old,
- 22:04Speaker 3: it is a symptom of a larger problem, which is
- 22:07Speaker 3: the failure to invest in young talent, the failure to
- 22:10Speaker 3: build up new members of the party and give them
- 22:12Speaker 3: powerful positions. And then when you see someone like Brian
- 22:15Speaker 3: Schatz go to the floor and deliver a kind of
- 22:17Speaker 3: withering indictment of Josh Hawley and is kind of live
- 22:20Speaker 3: and on his feet and keeps up and is like
- 22:22Speaker 3: sophisticated and thinking in a forward-looking way about how we
- 22:25Speaker 3: should be messaging and how we should be fighting these fights.
- 22:27Speaker 3: And then you look at the chairs of these committees,
- 22:30Speaker 3: you know, kind of looking around through gray, watery eyes,
- 22:34Speaker 3: trying to figure out what to do to respond to
- 22:36Speaker 3: Ted Cruz.
- 22:37Speaker 1: It's a struggle. I believe Republicans tried to put term
- 22:42Speaker 1: limits on their committee chairs.
- 22:44Speaker 4: Yeah.
- 22:44Speaker 2: Yeah, no, but AOC gets to Congress and is doing
- 22:48Speaker 2: Instagram Lives, and it's like a revelation for all of Washington, D.C.,
- 22:52Speaker 2: but she's just sort of like communicating like someone in
- 22:55Speaker 2: that age range would do on a normal day. Yeah,
- 22:57Speaker 2: I mean.
- 22:58Speaker 1: I think there's two issues here. One is sort of
- 23:02Speaker 1: the younger members of Congress. I think the class of 2018,
- 23:06Speaker 1: there were a lot of young members elected, especially on
- 23:08Speaker 1: the Democratic side, whether they were progressive or more moderate.
- 23:12Speaker 1: And sort of boxing them out from leadership has become
- 23:16Speaker 1: a bit of an issue. And then there's just like
- 23:19Speaker 1: the average age of Congress as a whole is older.
- 23:24Speaker 1: And that just means we need more young people to run.
- 23:27Speaker 1: For office. And that's something that everyone can fix by
- 23:29Speaker 1: just going to run for office and supporting young candidates
- 23:31Speaker 1: for office.
- 23:32Speaker 2: Yeah, absolutely.
- 23:33Speaker 1: And run for something is doing that in organizations like that.
- 23:36Speaker 1: So that's something to keep in mind.
- 23:38Speaker 2: All right.
- 23:39Speaker 1: Finally, someone asks, what's the most awkward thing Lovett said
- 23:44Speaker 1: or did in front of Barack Obama?
- 23:46Speaker 2: I'm trying to think of what this might be.
- 23:49Speaker 1: Me too.
- 23:51Speaker 2: I mean, I think of one embarrassing one, which....
- 23:55Speaker 3: It was when we were on some sort of trip,
- 23:59Speaker 3: and he was going to a fundraiser, and it was
- 24:03Speaker 3: a fundraiser after the Play Sister Act. And he had
- 24:07Speaker 3: done a bunch of policy speeches, but then he was
- 24:09Speaker 3: landing in New York and going to this fundraiser, and
- 24:13Speaker 3: he came up to me and said, like, hey, I
- 24:17Speaker 3: have to go do this thing where there's a weird thing.
- 24:18Speaker 3: I've got to go after this play has happened. Is
- 24:20Speaker 3: there some kind of joke you can give me? He
- 24:22Speaker 3: wasn't doing a formal speech or anything, but he said, hey,
- 24:23Speaker 3: do you have a joke? it was so stupid what
- 24:28Speaker 3: I said.
- 24:29Speaker 2: What was it?
- 24:30Speaker 3: So what I said, I had a very stupid joke.
- 24:31Speaker 3: And so what I said was, I hope you enjoyed,
- 24:35Speaker 3: and it's bad. He said, I hope you, I said,
- 24:38Speaker 3: maybe you should say something like, I hope you enjoyed
- 24:40Speaker 3: sister act.
- 24:41Speaker 2: Now.
- 24:44Speaker 1: Say it. You let us.
- 24:45Speaker 2: Here's, here's my brother act. It was horrible. It was
- 24:50Speaker 2: a horrible thing. I was on the spot. It was poorly.
- 24:54Speaker 2: And he just looked at me and he went, No.
- 24:59Speaker 2: And then he looked at his watch.
- 25:02Speaker 3: He looked at his watch and he's like... He said
- 25:05Speaker 3: something like, I'm going to be busy for like an hour.
- 25:08Speaker 3: See if you can beat that.
- 25:09Speaker 2: And it's kind of like, I guess... See if you
- 25:12Speaker 2: can come up with something else. This is my funny guy?
- 25:15Speaker 2: That was appalling.
- 25:16Speaker 3: And so then I just paced around for like an hour,
- 25:19Speaker 3: freaking out. I have one more chance. I can't even give...
- 25:21Speaker 3: I was like, do I give him three... I have
- 25:22Speaker 3: to just give him one joke. I wasn't even writing
- 25:24Speaker 3: anything down.
- 25:25Speaker 2: I just had to say.
- 25:26Speaker 3: I had to come up with one good joke for
- 25:28Speaker 3: him to use. And the joke, I was like, I
- 25:30Speaker 3: need something that I know is going to work.
- 25:31Speaker 2: And I was like, okay, wait.
- 25:32Speaker 3: Sister at convent. He likes jokes about his daughters.
- 25:36Speaker 2: Or I have something.
- 25:37Speaker 3: And so the joke I gave him, which he appreciated
- 25:40Speaker 3: and fixed my terrible blunder, was it is so great
- 25:43Speaker 3: to be here with all of you. Not only do
- 25:46Speaker 3: you get to see a wonderful play like Sister Act,
- 25:49Speaker 3: but I'm doing research on the convent to send Malia after.
- 25:51Speaker 2: She graduates high school.
- 25:52Speaker 1: I remember that joke.
- 25:53Speaker 2: And it was like he gave me a fist bump.
- 25:55Speaker 2: It repaired everything.
- 25:56Speaker 3: Uh, it repaired the damage that I had done with
- 25:59Speaker 3: truly one of the dumbest things I've ever said out loud.
- 26:03Speaker 3: I have, I'm like sweating now thinking about it, not
- 26:05Speaker 3: like jokey, like in a kind of like, I am,
- 26:07Speaker 3: I am embarrassed.
- 26:10Speaker 2: I'm glad you could advance that sort of like a
- 26:11Speaker 2: patriarchal kind of condescending.
- 26:13Speaker 3: It is a toxic, is there toxic masculinity in the joke?
- 26:16Speaker 3: A hundred percent, but I just needed to survive the day.
- 26:19Speaker 2: Okay.
- 26:20Speaker 3: And sometimes you, and sometimes in a toxic masculine environment,
- 26:23Speaker 3: that is America.
- 26:26Speaker 1: Next time.
- 26:26Speaker 2: You do what you do to survive.
- 26:27Speaker 1: Next time, Bubba will tell you the story about how
- 26:29Speaker 1: he pissed off Buzz Aldrin.
- 26:31Speaker 2: Oh, yeah. Another day. Another day.
- 26:35Speaker 1: Tune in next time. Pod Save America. You heard it
- 26:38Speaker 1: here second.
- 26:39Speaker 2: I thought that you were going to tell the story
- 26:41Speaker 2: about the time you broke wind in the cabinet room.
- 26:45Speaker 2: I've farted in a lot of places, but I've never
- 26:47Speaker 2: farted in the cabinet room. Who was there? Ray LaHood
- 26:51Speaker 2: was there? Ray LaHood.
- 26:53Speaker 1: He blamed it on Ray LaHood. I did. That was
- 26:55Speaker 1: the problem.
- 26:56Speaker 2: Ray LaHood, what'd you have for lunch, Ray LaHood? You
- 26:59Speaker 2: quaint relic of an era where we put one Republican
- 27:01Speaker 2: like you on this thing?
- 27:03Speaker 1: When we come back, Tommy's interview with Elizabeth Warren. Poor
- 27:07Speaker 1: Elizabeth Warren has to follow this.
- 27:08Speaker 2: Yeah, she's been sitting here the whole time waiting for
- 27:10Speaker 2: her turn. I am thrilled to welcome into the Los
- 27:24Speaker 2: Angeles studio, Senator from Massachusetts, my home state, the Commonwealth.
- 27:28Speaker 2: I'm not going to get this wrong this time, Senator
- 27:31Speaker 2: Elizabeth Warren.
- 27:32Speaker 4: Oh, and I am thrilled to be here with you.
- 27:34Speaker 2: It is wonderful.
- 27:35Speaker 4: In Los Angeles.
- 27:37Speaker 2: Yeah, it's nice. Is it probably a little nicer here
- 27:39Speaker 2: than Boston right now?
- 27:40Speaker 4: We never use words like nicer. It's a little sunnier
- 27:43Speaker 4: here right now and a little warmer.
- 27:45Speaker 2: Warmer.
- 27:45Speaker 4: But remember, there are always those Yankees who love it
- 27:49Speaker 4: gloomy and cold. Yeah.
- 27:52Speaker 2: For me, it's like I call my mom. I'm like,
- 27:53Speaker 2: how is the weather, mom? She's like, you know, we
- 27:56Speaker 2: haven't been able to walk the dog yet because the
- 27:58Speaker 2: snow is still eight inches high in May or whatever.
- 28:02Speaker 4: So that's interesting that your mom's version is we haven't
- 28:05Speaker 4: been able to walk the dog. My husband, who was
- 28:07Speaker 4: born and raised in Massachusetts, his view is you can
- 28:11Speaker 4: walk the dog 365 days a year. Any one of
- 28:15Speaker 4: the 24 hours in that day. It makes absolutely no
- 28:19Speaker 4: difference what the weather is doing. You just have to,
- 28:22Speaker 4: this is always his, dress appropriately.
- 28:25Speaker 1: Okay.
- 28:25Speaker 4: So I now have the weirdest assortment of boots and
- 28:33Speaker 4: rain gear and winter gear.
- 28:36Speaker 2: The jacket that makes you a sausage.
- 28:37Speaker 4: Yes, the jacket that makes me look like the Michelin
- 28:39Speaker 4: tire boy. And it turns out, Bailey... Totally agrees with him.
- 28:45Speaker 4: All weather is golden retriever weather in Massachusetts.
- 28:48Speaker 2: Bailey is correct, per usual. Well, it's wonderful to have you.
- 28:52Speaker 2: Good to be here. It's good to chat about fun stuff.
- 28:55Speaker 2: Jump into the questions here, because I'm a Democrat. I'm
- 28:59Speaker 2: a constitutionally nervous person. There is some polling that suggests
- 29:03Speaker 2: some headwinds for Democrats going into the midterms, to put
- 29:06Speaker 2: it mildly. There was a poll out yesterday, April 12th.
- 29:09Speaker 2: We're recording this on April 13th. out of Nevada, for example,
- 29:12Speaker 2: that showed President Biden at like a 35% approval rating.
- 29:15Speaker 2: Senator Cortez Masto, the governor, both underwater there. So, you know,
- 29:19Speaker 2: Mitch McConnell is out there salivating. You know, the vampire
- 29:23Speaker 2: can predict a bloodbath. He says it's the worst political
- 29:26Speaker 2: environment for Democrats since 94. What do you think we
- 29:29Speaker 2: do to right the ship between now and November?
- 29:34Speaker 4: I think we need to get stuff done. And that's
- 29:37Speaker 4: the G-rated version of it. We really need... to finish
- 29:42Speaker 4: delivering on some big deal promises we made during the
- 29:46Speaker 4: 2020 election. And on the ones we can't deliver on
- 29:51Speaker 4: because we don't have 50 votes, then we need to
- 29:54Speaker 4: be shown swinging the bat as hard as we can. Look,
- 30:01Speaker 4: Mitch McConnell and the rest of the Senate and House
- 30:04Speaker 4: Republicans want to keep the whole conversation as we roll
- 30:09Speaker 4: into 2022 about the militant left and their version of
- 30:19Speaker 4: whatever they think they can raise hell.
- 30:22Speaker 2: About this year. Whatever culture war.
- 30:24Speaker 4: Exactly. Because remember, they do not want to talk about
- 30:28Speaker 4: what actually needs to be done in this country. Because
- 30:31Speaker 4: Mitch McConnell's plan is to do nothing. He said this
- 30:34Speaker 4: quite openly. I don't have to make this up.
- 30:36Speaker 2: He brags about it.
- 30:37Speaker 4: Yeah, he brags about it. He says, put the Republicans
- 30:39Speaker 4: in charge and we will make sure nothing happens. And
- 30:44Speaker 4: that goes to the heart of what his whole party
- 30:46Speaker 4: is about. This is a party that has exactly two ideas.
- 30:49Speaker 4: Whatever goes wrong, they have two ideas. One is to
- 30:52Speaker 4: cut taxes and the other is to put a bunch
- 30:54Speaker 4: of extremists on the Supreme Court and lower courts. who
- 30:59Speaker 4: will impose their extremist ideas, their extremist religious ideas on
- 31:05Speaker 4: the rest of America. And so the worst that could
- 31:10Speaker 4: happen from Mitch McConnell's point of view is if we're
- 31:13Speaker 4: actually talking about the things we've gotten done and the
- 31:17Speaker 4: additional things we are going to do if you give
- 31:20Speaker 4: us a couple of more Democrats in the Senate and
- 31:23Speaker 4: hang on to the House.
- 31:25Speaker 2: Totally agree with you there. The other sort of challenge
- 31:28Speaker 2: looming in the background is inflation hit 8.5% in March.
- 31:30Speaker 2: There's a bunch of reasons why that we can get into.
- 31:33Speaker 2: I'm sure we actually listeners would love to hear your
- 31:35Speaker 2: sort of thoughts on why. I've heard you talk about
- 31:37Speaker 2: and other Democrats talk about how corporate greed and record
- 31:41Speaker 2: profits for corporations is leading to inflation. The White House
- 31:44Speaker 2: is calling it Putin's price hike because we're seeing energy
- 31:45Speaker 2: prices go up because of the war. I think both
- 31:48Speaker 2: of those points are helpful. Those are good explanations that
- 31:50Speaker 2: can help me understand why all of a sudden commodities
- 31:54Speaker 2: are so expensive. But I'm worried that those explanations are
- 31:56Speaker 2: less helpful when it comes to winning a political argument
- 32:00Speaker 2: that Republicans will make that is going to be basically
- 32:02Speaker 2: Democrats are in charge. Everything is more expensive. If you're
- 32:05Speaker 2: pissed about how much it costs to fill up your truck,
- 32:08Speaker 2: vote Democrats out. Vote for us Republicans. How do you
- 32:11Speaker 2: think we take on that political fight?
- 32:13Speaker 4: So we do it two ways. One is let's talk
- 32:16Speaker 4: about the rest of the economic news as well. A
- 32:19Speaker 4: little over a year ago. The economists, pundits were saying
- 32:24Speaker 4: it would take about, most were saying around four years
- 32:27Speaker 4: for us to get unemployment back to where it was
- 32:29Speaker 4: before the pandemic started. Same thing on GDP growth. GDP
- 32:33Speaker 4: growth is zooming ahead. And as you know, unemployment rates
- 32:39Speaker 4: are at historic lows. The president's administration has created more
- 32:44Speaker 4: than 7 million new jobs. That is the most new
- 32:51Speaker 4: jobs created in any administration in the first 14 months
- 32:56Speaker 4: in our entire history. We need to be talking about that.
- 32:59Speaker 2: Are you surprised by that number, that success?
- 33:02Speaker 4: Well, actually, you know, the pieces fit together. I'm not
- 33:05Speaker 4: at all surprised. We got out there just about a
- 33:08Speaker 4: year ago right now and passed what was called the
- 33:11Speaker 4: American Rescue Package. And you may remember, it was a
- 33:14Speaker 4: lot of money, but it was money that went into
- 33:15Speaker 4: vaccines and and kind of the community health center way
- 33:22Speaker 4: of getting the distribution out. It was money that went
- 33:25Speaker 4: into getting our schools open again and making sure they
- 33:28Speaker 4: would have the resources to do that. And it was
- 33:32Speaker 4: money that went into small businesses to keep those little
- 33:35Speaker 4: businesses open and to keep jobs open. And it worked.
- 33:42Speaker 4: People have jobs. And that 7 million figure, that's not
- 33:46Speaker 4: just an abstraction. Those are 7 million people who went
- 33:50Speaker 4: home on payday and had enough money to buy groceries,
- 33:55Speaker 4: who were able to make rent, whose kids stayed in school,
- 33:58Speaker 4: people who didn't have to move, people who didn't get
- 34:00Speaker 4: foreclosed against. And yes, putting that money in at the
- 34:06Speaker 4: same time that you then turned around and hit shifts
- 34:10Speaker 4: in demand because of the pandemic, supply chain kinks because
- 34:14Speaker 4: of the pandemic. Putin, both driving up the cost of
- 34:20Speaker 4: oil and the cost of wheat and soy and other
- 34:24Speaker 4: things that are produced in Ukraine. But the other one
- 34:28Speaker 4: is watching the giant corporations, particularly where there's a lot
- 34:33Speaker 4: of concentration. These giant corporations said, hmm, everyone's talking about
- 34:38Speaker 4: price increases. This, they saw it, was their chance to
- 34:43Speaker 4: to pass along costs, okay, that much I get, but
- 34:48Speaker 4: to take another dollop on the price scale and just
- 34:52Speaker 4: boost their profits. So we've got all these companies that
- 34:55Speaker 4: are at record profits, and because of increased concentration, there's
- 35:00Speaker 4: no way to compete those prices back down. So you've
- 35:04Speaker 4: got these multiple threads running through here. So my view
- 35:08Speaker 4: on this, first, is it's not going to look like
- 35:10Speaker 4: this in another five months. It will be different. Now,
- 35:15Speaker 4: will it be enough? Will inflation be down? I can't
- 35:18Speaker 4: make that prediction. But we do know supply chain kinks
- 35:23Speaker 4: are working their way out. We don't know what will
- 35:25Speaker 4: happen with the pandemic. We do know people have their jobs.
- 35:29Speaker 4: But what we need to be doing is we need
- 35:32Speaker 4: to be talking about the good economic news that is
- 35:36Speaker 4: in part tied to the challenges of inflation. And we
- 35:41Speaker 4: need to be talking about the causes of this inflation.
- 35:43Speaker 4: And I want to say here, talk about, talk about.
- 35:46Speaker 4: It's not just talk about. Let's give a little credit.
- 35:49Speaker 4: The president of the United States, focus in, for example,
- 35:53Speaker 4: on price gouging. He's put the dream team in the field.
- 35:58Speaker 4: Lena Kahn at the FTC. Go get them, Lena Kahn.
- 36:05Speaker 4: And Jonathan Cantor over at the Department of Justice. Fabulous.
- 36:11Speaker 4: The president himself has put out an executive order requiring
- 36:16Speaker 4: every agency around government to look at concentration, price gouging, competition,
- 36:24Speaker 4: encouraging competition. And that's true at the Department of Agriculture.
- 36:29Speaker 4: It's true over at the defense contractors that there's a
- 36:33Speaker 4: big push throughout government. And the importance of that is
- 36:38Speaker 4: is to recognize it's been 40 years since there's been
- 36:42Speaker 4: any real push to enforce antitrust laws and to remind
- 36:48Speaker 4: ourselves that all these folks who purport to love a
- 36:51Speaker 4: market economy don't actually seem to want to see a
- 36:54Speaker 4: competitive market. Fine for other people, but not for them.
- 36:58Speaker 4: And the role of government is to keep those markets
- 37:01Speaker 4: more competitive. And the president's team is already beginning to
- 37:06Speaker 4: deliver on that. And they got a lot more in
- 37:09Speaker 4: the pipeline.
- 37:09Speaker 2: That's good. That's good news. One interesting piece of this
- 37:12Speaker 2: economic puzzle that's hopeful, and we actually put out a
- 37:15Speaker 2: request for questions from our audience. We got a bunch
- 37:17Speaker 2: of different versions of this one, which is, you know,
- 37:20Speaker 2: the past month we've seen some pretty amazing success for
- 37:22Speaker 2: organized labor in America.
- 37:24Speaker 4: I was just going to go there. Like, is this
- 37:28Speaker 4: so fabulous? You can't believe it. So 7 million new jobs.
- 37:32Speaker 4: I put it in the personal immediately. People who could
- 37:35Speaker 4: go home at night and know they still had a
- 37:36Speaker 4: job the next morning. But the rest of it is
- 37:39Speaker 4: enough worker power for the first time again in like
- 37:43Speaker 4: two generations where the baristas at Starbucks are making it happen.
- 37:49Speaker 4: The people packing at Amazon are making it happen.
- 37:52Speaker 1: Right.
- 37:52Speaker 2: 16 locations in Starbucks locations so far. Yep.
- 37:56Speaker 4: Two of them in the Boston area.
- 37:58Speaker 2: There we go. The ALU organized a warehouse in Staten Island.
- 38:00Speaker 2: So those are big wins. What can the government, the Congress,
- 38:04Speaker 2: the administration do to To put some wind in their
- 38:06Speaker 2: sails and help those efforts.
- 38:07Speaker 4: Well, partly we need to be cheering them on, which
- 38:10Speaker 4: I'm certainly doing. But partly it helps enormously to have
- 38:15Speaker 4: Democrats over the Department of Labor and have an NLRB,
- 38:20Speaker 4: have a Department of Labor that's willing to enforce the
- 38:23Speaker 4: labor laws.
- 38:24Speaker 2: That's helpful.
- 38:24Speaker 4: Yeah, I think it's very helpful because if you're not
- 38:27Speaker 4: in the middle of these, it's easy to miss how
- 38:31Speaker 4: much when these employers come in with all their muscle,
- 38:34Speaker 4: think about what it's like. to try to organize a
- 38:36Speaker 4: place like Amazon.
- 38:37Speaker 2: Howard Schultz was calling labor leaders saying, you don't want
- 38:40Speaker 2: to do this. You don't want to do this. This
- 38:41Speaker 2: is back in the day.
- 38:42Speaker 4: Yeah, exactly. No, but it's true.
- 38:44Speaker 2: It's true.
- 38:44Speaker 4: Same kind of thing at Amazon. They call all the
- 38:46Speaker 4: workers in and, you know, in effect have these sessions
- 38:51Speaker 4: where they tell them how terrible it's going to be
- 38:54Speaker 4: if the union takes over. They've got all these union
- 38:56Speaker 4: busting law firms and PR firms that This is how
- 39:00Speaker 4: they get paid. They figured out which buttons to push
- 39:03Speaker 4: to terrify workers if they decide to vote for a union.
- 39:07Speaker 4: And frankly, many times, it appears, they break the law. Well,
- 39:13Speaker 4: we now have an NLRB. We now have a secretary
- 39:17Speaker 4: of labor willing to enforce the laws.
- 39:21Speaker 2: Wow.
- 39:21Speaker 4: So there's more that needs to be done. There's a
- 39:24Speaker 4: PRO Act pending that would make it easier for workers
- 39:27Speaker 4: to unionize. I'm all for that. I will push it.
- 39:31Speaker 4: I will push it. I will push it. We need
- 39:34Speaker 4: to get it through the Senate. But just using the
- 39:36Speaker 4: tools we've got available, letting workers say to each other,
- 39:44Speaker 4: you know, I think we can do this. And then
- 39:46Speaker 4: having the government to say, to the Starbucks of the world, hey,
- 39:51Speaker 4: back off and let them decide what they want to do.
- 39:54Speaker 2: Right. No intimidation.
- 39:55Speaker 4: That's terrific.
- 39:56Speaker 1: Yeah.
- 39:56Speaker 2: Maybe we could unionize Jeff Bezos' little Starship flight crew.
- 40:03Speaker 4: I love it.
- 40:04Speaker 2: I love it. Just a thought. This is a long
- 40:06Speaker 2: question because it's a hobby horse of mine, so just
- 40:09Speaker 2: bear with me. Listeners might have heard of a person
- 40:12Speaker 2: named Jared Kushner. There's a long report about him in
- 40:14Speaker 2: the New York Times this week. The context for everyone
- 40:17Speaker 2: to know is, you know, Jared Kushner is married Ivanka Trump.
- 40:19Speaker 2: His father-in-law becomes president. He appoints himself the shadow secretary
- 40:24Speaker 2: of state with no experience. He becomes the de facto
- 40:28Speaker 2: point guy for the U.S.-Saudi relationship. Did a lot of
- 40:31Speaker 2: favors for the now Saudi crown prince, Mohammed bin Salman.
- 40:34Speaker 2: Most infamously, Jared reportedly helped cover up MBS's role in
- 40:39Speaker 2: the murder of Jamal Khashoggi, who is a Washington Post
- 40:43Speaker 2: journalist who just brutally executed. So in the Times earlier
- 40:46Speaker 2: this week, we learned that Jared received a $ 2 billion,
- 40:50Speaker 2: billion with a B, investment, in air quotes, from a
- 40:54Speaker 2: Saudi investment fund, despite serious concerns from the fund's professional
- 40:58Speaker 2: oversight board. Some of those concerns were Jared's company's inexperience,
- 41:03Speaker 2: their operations were a mess, the fees were too high.
- 41:05Speaker 2: This is my favorite. Jared created a public relations risk
- 41:09Speaker 2: for them, the Saudi government, who brutally executes journalists. Um,
- 41:13Speaker 2: Live with that one, Jared. So MBS overruled these objections.
- 41:16Speaker 2: He cuts Jared a $ 2 billion check. In my mind,
- 41:19Speaker 2: I read this story and I think, using your White
- 41:22Speaker 2: House job to help a foreign dictator evade responsibility for
- 41:26Speaker 2: a murder and then getting a $ 2 billion kickback is
- 41:30Speaker 2: one of the most staggeringly corrupt things I've ever heard.
- 41:34Speaker 2: Is there a role for DOJ or Congress or any
- 41:37Speaker 2: entity to look into this, to scrub this?
- 41:40Speaker 4: So the answer is yes. Actually, can we put one
- 41:43Speaker 4: more little piece in?
- 41:44Speaker 5: Please.
- 41:45Speaker 4: You left the little piece of parsley that you put
- 41:48Speaker 4: on the side of the plate when you're serving this up.
- 41:51Speaker 4: As I understand it, there was also a requirement that, yes,
- 41:59Speaker 4: Jared would now be the manager of this fund, but
- 42:02Speaker 4: he actually had to hire real people who knew what
- 42:04Speaker 4: they were doing to run it. He will just get
- 42:06Speaker 4: a management fee, but on what appeared to be the
- 42:09Speaker 4: promise that he will never actually do any work. That's
- 42:13Speaker 4: part of the agreement.
- 42:14Speaker 2: Sweet gig.
- 42:15Speaker 4: It is kind of a sweet gig there. Insulting, but sweet.
- 42:20Speaker 4: Or just revelatory, maybe is the right word. So look,
- 42:25Speaker 4: I think there's a question that the Department of Justice
- 42:29Speaker 4: should take a really hard look to see if that
- 42:33Speaker 4: fits within any of our current... I mean, it is
- 42:36Speaker 4: a kind of shaggy dog version of how you get
- 42:41Speaker 4: to what's going on here. Does it violate any of
- 42:45Speaker 4: our criminal laws? And I'd want to take a hard
- 42:47Speaker 4: look at that. But there's a second thing that maybe
- 42:51Speaker 4: I just always go back to what's the tool in
- 42:54Speaker 4: front of me since I'm not over at DOJ. I'm
- 42:57Speaker 4: in the Congress. And I think this is a moment
- 43:01Speaker 4: when Congress needs to do a lot more about corruption.
- 43:04Speaker 5: Amen.
- 43:05Speaker 4: And I mean.
- 43:07Speaker 4: We have to do on corruption.
- 43:09Speaker 2: And you've been good inside the House, outside the House.
- 43:12Speaker 2: You've been calling for a lot of reforms. I'm hoping
- 43:14Speaker 2: you can elaborate on that.
- 43:15Speaker 1: Absolutely.
- 43:15Speaker 4: So let's just start with one across the board. It
- 43:18Speaker 4: wouldn't apply to Jared, but it tells you about where
- 43:21Speaker 4: we are if we can't do this. So I have
- 43:25Speaker 4: a bipartisan, did you hear me say that? Bipartisan bill
- 43:29Speaker 4: with Senator Daines. And the two of us have a
- 43:33Speaker 4: bill that say, if you're a member of Congress and
- 43:36Speaker 4: You cannot buy stock. You cannot sell individual stock. You
- 43:41Speaker 4: cannot own individual stock. And neither can your spouse. And
- 43:47Speaker 4: that's just the deal. If you want to be in
- 43:49Speaker 4: the stock market, you can be in mutual funds, in
- 43:54Speaker 4: index funds.
- 43:56Speaker 2: But that's it. This is public service. You can buy
- 44:00Speaker 2: all of the stocks if you want. You can buy
- 44:02Speaker 2: an S & P index fund. You can buy an
- 44:04Speaker 2: all Dow Jones index fund. Have at it.
- 44:07Speaker 1: Have at it.
- 44:07Speaker 2: You just can't buy individual companies that you might regulate.
- 44:10Speaker 4: That's exactly right. You just can't do that anymore.
- 44:13Speaker 2: What's the argument against that?
- 44:16Speaker 4: Well, there are some people who say, but I like
- 44:20Speaker 4: trading in individual stocks.
- 44:22Speaker 2: Okay. Sure.
- 44:24Speaker 4: And I get that. I try. Actually, I don't try
- 44:27Speaker 4: to be respectful. I'm trying to think. I try to
- 44:28Speaker 4: keep a straight face. But the bottom line is we
- 44:31Speaker 4: got to do this. And I use this as an example.
- 44:37Speaker 4: We need to start sweeping out the stables around Congress.
- 44:43Speaker 4: And let me be blunt. That should be the law
- 44:45Speaker 4: for Congress. It should also be the law for every
- 44:47Speaker 4: federal judge. It should also be the law for every member,
- 44:53Speaker 4: the governors of the Federal Reserve. And obviously should be
- 44:58Speaker 4: the rule for everybody who heads up a cabinet agency
- 45:01Speaker 4: or any of our independent agencies. agencies and government. This
- 45:06Speaker 4: is just how it should be. And I think of
- 45:09Speaker 4: this as this is step one. This is clean up
- 45:14Speaker 4: the filth on the floor 101. And we get this done,
- 45:19Speaker 4: and then we move on to other questions involving conflict
- 45:23Speaker 4: of interest, involving taking care of yourself instead of the
- 45:27Speaker 4: people who elected you to be here.
- 45:31Speaker 2: Listen, I have so much respect for Speaker Pelosi and
- 45:34Speaker 2: a lot of members of the Democratic Party, but this
- 45:36Speaker 2: is one where I think some folks are just on
- 45:38Speaker 2: the wrong side of the issue. Speaking of the stock market,
- 45:42Speaker 2: it has been interesting for me to watch the emergence
- 45:46Speaker 2: of apps like Robinhood and the gamification of stock purchases,
- 45:52Speaker 2: stock trading. There was the fun moment of AMC and
- 45:55Speaker 2: GameStop and screwing over hedge funds and Wall Street. We
- 45:57Speaker 2: could all cheer for that, but on every winning transaction
- 46:01Speaker 2: on Wall Street, there's a losing transaction. And there's emerged
- 46:05Speaker 2: this sort of like, excuse my French, but shit posting culture, right?
- 46:10Speaker 2: Where Elon Musk is tweeting about Dogecoin to the moon
- 46:14Speaker 2: or buying a huge stake in Twitter and failing to
- 46:17Speaker 2: disclose it on time and sort of trolling his way
- 46:19Speaker 2: onto the board. Is that a cultural problem? Is there
- 46:22Speaker 2: a lack of regulation there? Like, how do you view
- 46:24Speaker 2: this kind of new iteration of how stocks are being bought, sold,
- 46:28Speaker 2: and traded by retail investors.
- 46:30Speaker 4: So I think of this as markets are great, including entertaining.
- 46:35Speaker 4: And I'm all for that. Have at it, baby. But
- 46:39Speaker 4: there's got to be a cop on the beat. And
- 46:42Speaker 4: the cop on the beat says, there are certain things
- 46:44Speaker 4: you can do. You can get out there and you
- 46:45Speaker 4: can wag your fanny and do whatever you want. But
- 46:48Speaker 4: there are certain other things you can't do. Pump and dumps,
- 46:52Speaker 4: are illegal. You've got to disclose beneficial ownerships and, you know,
- 46:56Speaker 4: so on and so forth. The rules are there. And frankly,
- 47:01Speaker 4: for a long time, we haven't had much of a
- 47:03Speaker 4: cop on the beat. The Donald Trump years is if
- 47:06Speaker 4: there was a cop on the beat, I swear, the
- 47:08Speaker 4: cop had a hood over his head, you know, tightly wrapped,
- 47:13Speaker 4: could not hear, could not see, could not speak, saw
- 47:16Speaker 4: no evil, right? But the But the second half of
- 47:21Speaker 4: this is the half in the crypto world where there's
- 47:28Speaker 4: really no cop on any part of the beat because
- 47:31Speaker 4: nobody can even figure out who's the right cop in
- 47:34Speaker 4: this circumstance. It's kind of like your question about Kisagi
- 47:38Speaker 4: about where exactly is this wrong? And it's the reminder
- 47:43Speaker 4: you have to keep changing the laws as the world
- 47:46Speaker 4: innovates into new ways. of cheating people. And if you
- 47:52Speaker 4: think making money by cheating people is okay, then you're
- 47:56Speaker 4: in one part of the world. But if you actually
- 47:58Speaker 4: think just some basic rules of the road that, I'll
- 48:03Speaker 4: give you an example. You put money on one of
- 48:09Speaker 4: the crypto exchanges and you want to be able to
- 48:12Speaker 4: get it out. You put in a hundred bucks. How
- 48:16Speaker 4: much is it going to cost you to get it out?
- 48:17Speaker 2: The fees are massive.
- 48:19Speaker 4: It can cost you $ 40 to get your money back out.
- 48:22Speaker 4: And that's not always made clear right up front. Or
- 48:27Speaker 4: you want to be able to get your money out,
- 48:29Speaker 4: and it turns out you want to get yours out
- 48:31Speaker 4: because there's a run. A lot of other people are
- 48:33Speaker 4: trying to get theirs out. That the exchange can decide
- 48:37Speaker 4: to privilege its insiders, its buddies, the people who own
- 48:42Speaker 4: the exchange. And you can get yours out in about
- 48:45Speaker 4: 28 more hours. after which, of course, the price has
- 48:50Speaker 4: gone to nothing. And my point around all this is
- 48:55Speaker 4: there need to be basic rules. When people think that
- 48:59Speaker 4: they're entering markets, every market has got to have somebody
- 49:04Speaker 4: there who says, hey, here are the posted rules, and
- 49:08Speaker 4: here's the cop who's going to enforce those rules. And
- 49:12Speaker 4: right now, we don't have that in crypto. And without that,
- 49:18Speaker 4: It's a place that it works great for the insiders.
- 49:22Speaker 4: And it can work great for a little while for
- 49:25Speaker 4: some people. But it's also a terrible place for people
- 49:30Speaker 4: to get fleeced.
- 49:31Speaker 5: Yeah.
- 49:31Speaker 2: And you have trillions of dollars in value that have
- 49:35Speaker 2: been created out of literally nothing, you know? And you
- 49:39Speaker 2: have now an enormous industry built around cryptocurrencies and incredibly
- 49:45Speaker 2: rich people and corporations who are now seeking to write
- 49:49Speaker 2: these laws, both in the federal level, on the state level.
- 49:53Speaker 2: Does that concern you? I mean, I look around at,
- 49:56Speaker 2: you know, sort of basic taxation laws and you look
- 49:57Speaker 2: at the fact that South Dakota has now become maybe
- 50:02Speaker 2: the world's premier tax shelter. You know, we used to
- 50:04Speaker 2: make fun of the Cayman Islands or Swiss banks. It's
- 50:07Speaker 2: now South Dakota. It's the best place to hide your
- 50:10Speaker 2: money from law enforcement, taxes, an ex-husband, you know, and
- 50:15Speaker 2: it's unbelievable.
- 50:16Speaker 1: Right.
- 50:16Speaker 4: And, you know, the thing is when you talk about
- 50:22Speaker 4: creating something out of air, remember where we were in
- 50:26Speaker 4: the early 2000s? And so they kept pushing those subprime mortgages.
- 50:33Speaker 4: And everybody ends up with subprime mortgages. And then they
- 50:36Speaker 4: came up with all those new instruments, the derivatives. And
- 50:39Speaker 4: the idea was that somehow you took this big blob
- 50:43Speaker 4: of hamburger and you just kind of kept padding it
- 50:46Speaker 4: and reforming it and sold it as filet mignon.
- 50:49Speaker 1: Do you remember this?
- 50:50Speaker 3: Oh, yes.
- 50:50Speaker 2: Yeah, yeah. The credit default swaps.
- 50:51Speaker 5: Yes.
- 50:51Speaker 4: Stakes all the way down. You know, that it was
- 50:53Speaker 4: so valuable.
- 50:54Speaker 2: Everything's AAA rated. It was.
- 50:56Speaker 5: It all became.
- 50:57Speaker 4: You took a bunch of trash and it all became
- 50:59Speaker 4: AAA rated. And the... The thing always was, well, but
- 51:05Speaker 4: this is new. This is exciting. You want to get
- 51:07Speaker 4: in on it. And people would always glance in the
- 51:10Speaker 4: rearview mirror and they'd say, look how far we've come.
- 51:13Speaker 4: Those derivatives were only worth $ 1. 95 yesterday and today they're
- 51:17Speaker 4: worth $ 9, 400, 000 million bazillion dollars. Don't you want to be
- 51:22Speaker 4: in on the ride?
- 51:23Speaker 1: FOMO, yeah.
- 51:23Speaker 4: Yeah, exactly. FOMO, FOMO, FOMO. And the problem was they
- 51:29Speaker 4: didn't have enough to back them up. They had something,
- 51:34Speaker 4: the homes ultimately, but they didn't have enough to back
- 51:38Speaker 4: them up. On crypto, there ain't no there there.
- 51:42Speaker 2: Yeah. There's not always an asset underlying the tokenization. Not
- 51:46Speaker 2: always an asset. I'm sorry. I mean, well, and sometimes
- 51:49Speaker 2: the asset that sort of tokenizes like an NFT. Oh,
- 51:51Speaker 2: the NFTs.
- 51:52Speaker 4: I get you on NFTs. I'm just talking about plain
- 51:54Speaker 4: old bitcoins.
- 51:54Speaker 2: Yeah, yeah, sure.
- 51:56Speaker 4: And, you know, even the ones that are stable coins,
- 51:58Speaker 4: you know, the ones that say we are pegged one
- 52:00Speaker 4: to one to the dollar. There's no cop actually checking.
- 52:06Speaker 4: Is there a dollar to back this up? And when
- 52:10Speaker 4: some of these folks have been challenged on. So show
- 52:14Speaker 4: us your paperwork to show us how this is a
- 52:16Speaker 4: one for one. They can't actually come up with documentation
- 52:20Speaker 4: that shows they've got it. So. it's a circumstance where
- 52:25Speaker 4: it's got every flashing light that a lot of good
- 52:29Speaker 4: and decent folks are going to lose everything.
- 52:33Speaker 2: Yeah. And look, every time I talk about crypto on
- 52:35Speaker 2: a show, I get yelled at from people on Twitter,
- 52:38Speaker 2: usually with laser eyes, which for God's sake, people just
- 52:42Speaker 2: come on. But there are applications, I think, to cryptocurrency
- 52:44Speaker 2: that are interesting. There's ways you can code ownership into
- 52:47Speaker 2: You know, NFTs, it's interesting. That helps artists. It helps musicians.
- 52:50Speaker 3: I think the.
- 52:51Speaker 4: NFT, that's a different thing.
- 52:53Speaker 2: Yeah.
- 52:53Speaker 4: I think the NFT is interesting. I think blockchain is interesting.
- 52:57Speaker 2: Right.
- 52:58Speaker 4: But the idea that somehow they're building wealth through an
- 53:04Speaker 4: alternative money system that has nothing that backs it up
- 53:09Speaker 4: except we all believe it is valuable.
- 53:11Speaker 3: Right.
- 53:14Speaker 4: You know, it's the tulip bulbs. That's what immediately comes
- 53:17Speaker 4: to mind. As long as we all believe that it works.
- 53:20Speaker 2: And the same kind of billionaire evangelists, whether it's Marc
- 53:24Speaker 2: Andreessen or A16Z or Jack Dorsey or Peter Thiel telling us, look,
- 53:31Speaker 2: we know that, you know, Twitter, Facebook, all these things
- 53:34Speaker 2: we created turned out badly. But trust us again this time.
- 53:38Speaker 4: This time it's going to work.
- 53:38Speaker 2: Trust us with undoing fiat currency.
- 53:41Speaker 5: Right.
- 53:42Speaker 2: Seems like a bad idea.
- 53:43Speaker 3: Yeah.
- 53:45Speaker 1: Okay.
- 53:45Speaker 2: Well, that was uplifting. Switching gears a little bit. So
- 53:49Speaker 2: we're starting, you know, the January 6th committee has been
- 53:51Speaker 2: doing tons of work behind the scenes. We're starting to
- 53:55Speaker 2: see bits and pieces of it in court cases, et cetera.
- 53:59Speaker 2: You're also starting to hear some frustration from January 6th
- 54:02Speaker 2: committee members and the Democrats generally. I mean, committee members
- 54:05Speaker 2: are frustrated that DOJ has not enforced contempt citations when
- 54:09Speaker 2: witnesses don't cooperate. Some Democrats just feel like, hey, Merrick Garland,
- 54:14Speaker 2: pick up the pace. After the midterms, this committee might
- 54:18Speaker 2: not exist and we need to get a move on
- 54:21Speaker 2: when it comes to prosecuting these ringleaders. Do you share
- 54:23Speaker 2: those frustrations?
- 54:25Speaker 4: I look at it this way. Donald Trump thought that
- 54:31Speaker 4: the Department of Justice worked for him. And that was
- 54:34Speaker 4: a terrible, terrible moment in our history. The Department of Justice...
- 54:41Speaker 4: is headed by an attorney general who makes independent evaluations.
- 54:46Speaker 4: And I think that's important. And I have a lot
- 54:49Speaker 4: of respect for an attorney general like Merrick Garland, who says,
- 54:54Speaker 4: I'm not here to be stampeded in a moment of politics.
- 54:59Speaker 4: I make decisions based on what I believe the law
- 55:01Speaker 4: to be, and I will follow through, whether it's popular
- 55:04Speaker 4: or not. And he would say the same thing that
- 55:06Speaker 4: he's following in the tradition, think of it the other
- 55:09Speaker 4: way around, of Robert Kennedy. who said, I'm going down
- 55:14Speaker 4: to Alabama, and I'm going to help out people who've
- 55:17Speaker 4: been barricaded in Montgomery. I'm going to offer protection, even
- 55:23Speaker 4: though it's going to be politically unpopular. There's an importance
- 55:27Speaker 4: for insulating because the driving truth of the Department of
- 55:34Speaker 4: Justice has to be rule of law, and rule of
- 55:37Speaker 4: law applied regardless of what your politics are. So I
- 55:41Speaker 4: start by saying plenty of respect for that.
- 55:43Speaker 2: Sure, sure.
- 55:44Speaker 4: But I also want to say hubba-bubba for what it
- 55:48Speaker 4: is that the House has been up to in their
- 55:52Speaker 4: January 6th commission. Can we just put in a short commercial?
- 55:57Speaker 4: Shame on the Republicans in the Senate who would not
- 56:01Speaker 4: permit the inquiry into an armed insurrection against the United
- 56:07Speaker 4: States of America.
- 56:08Speaker 3: Yeah.
- 56:09Speaker 4: They voted against letting the Senate participate in that. I
- 56:13Speaker 4: think that is just wrong and shows both how afraid
- 56:18Speaker 4: they are of what would come out and how they
- 56:21Speaker 4: are willing to follow Donald Trump like lemmings over the cliff.
- 56:27Speaker 4: But having said that, House has gone forward and has uncovered.
- 56:32Speaker 4: I mean, just to me, it feels like every day.
- 56:35Speaker 4: So what is going to be today's revelation.
- 56:38Speaker 2: About- Ginny Thomas's hobbies are very weird. Yes, we're learning
- 56:41Speaker 2: a lot.
- 56:42Speaker 4: Wow. And we always keep rethinking like, hmm, how could
- 56:47Speaker 4: it be that Clarence Thomas was voting on something that
- 56:51Speaker 4: would affect whether or not the rest of us learned
- 56:53Speaker 4: about what Ginny Thomas, potentially, learned about what Ginny Thomas
- 56:57Speaker 4: was up to? So I cheer on what the House
- 57:02Speaker 4: has done. And their committee is making all of this public. Hello,
- 57:08Speaker 4: we're out here making this public. That's what they're doing.
- 57:11Speaker 4: And I say good for them. And it's an act
- 57:15Speaker 4: of self-discipline. But I hope, I trust, I believe that
- 57:22Speaker 4: we have an attorney general who is looking at all
- 57:26Speaker 4: of the evidence that gets produced from wherever it gets produced.
- 57:31Speaker 4: And that he will make an independent decision based on
- 57:34Speaker 4: rule of law that will follow through and hold people
- 57:39Speaker 4: responsible for an armed insurrection against the United States of America.
- 57:43Speaker 1: Yeah.
- 57:44Speaker 2: I hope so, too.
- 57:45Speaker 4: Please.
- 57:46Speaker 2: We got, you know, today we're reading about Trump aides,
- 57:49Speaker 2: some guy named Jason Sullivan telling a group of supporters
- 57:52Speaker 2: that they need to go to D.C. to descend on
- 57:53Speaker 2: the Capitol. You got Donald Trump Jr., forwarding along the
- 57:57Speaker 2: plans for the insurrection before the votes had, you know,
- 58:00Speaker 2: had been, election had been called.
- 58:01Speaker 4: You've got to say, they knew, right? You've got, what
- 58:06Speaker 4: is it, a seven-hour gap in the president's phone logs,
- 58:12Speaker 4: just one piece after another.
- 58:14Speaker 2: A lot of, a lot of smoke there.
- 58:15Speaker 4: A lot of smoke.
- 58:17Speaker 2: Final question. You just went through a Democratic primary process that,
- 58:22Speaker 2: you know, had Iowa, New Hampshire, Nevada, South Carolina. There's
- 58:26Speaker 2: a bunch of conversations happening now about whether that process
- 58:29Speaker 2: should be rethought, reconfigured, and whether, in particular, Iowa and
- 58:34Speaker 2: New Hampshire should go first, whether there should be any caucuses.
- 58:37Speaker 2: I had the great privilege of working in Iowa, spending
- 58:41Speaker 2: a lot of time with your staff in Iowa. I
- 58:46Speaker 2: have a lot of fondness for the kind of politics
- 58:49Speaker 2: that came out of a caucus, the community meetings, the
- 58:52Speaker 2: way people are forced to talk to their neighbors when
- 58:55Speaker 2: you actually care about being someone's second choice, right? You're
- 58:58Speaker 2: not just beating them with a bat every day. You're
- 59:00Speaker 2: trying to convince people. Do you think it's time to
- 59:03Speaker 2: reform this process? And are there ways you think it
- 59:06Speaker 2: could be better?
- 59:06Speaker 4: I think it's time to reform the process. And I
- 59:11Speaker 4: say that truly loving parts of what's there and hope
- 59:18Speaker 4: that we can genuinely hang.
- 59:19Speaker 1: On to them.
- 59:19Speaker 2: Yeah, that's how I feel too, parts.
- 59:20Speaker 4: Parts.
- 59:21Speaker 2: Yes.
- 59:21Speaker 4: But parts is parts. You know, you've got to hold
- 59:24Speaker 4: on to the parts. I love the fact, think of
- 59:27Speaker 4: it this way. If the first primary were in California,
- 59:31Speaker 4: and I say this, you know, it's sunny out there.
- 59:33Speaker 4: It's beautiful. I love you, California. But if the first
- 59:36Speaker 4: primary were in California, then the whole process would be
- 59:41Speaker 4: almost exclusively about raising money and going on TV because
- 59:45Speaker 4: you can't meet enough people in California. It's just too
- 59:47Speaker 4: big an electorate, right? If we did a national primary,
- 59:50Speaker 4: I know some people talk about national primaries, then it's
- 59:53Speaker 4: all Who wins? It's going to be Michael Bloomberg.
- 59:56Speaker 2: Yeah. Right?
- 59:57Speaker 4: Because he's the only one who has the money from
- 59:58Speaker 4: the first day.
- 59:59Speaker 2: Unless you get to him first.
- 1:00:01Speaker 4: Well, there is that. But so you've got to think
- 1:00:06Speaker 4: about how do you get it down to a part
- 1:00:11Speaker 4: where you can still meet people.
- 1:00:13Speaker 2: Some retail politics.
- 1:00:14Speaker 4: Some retail politics. And I think retail politics are important
- 1:00:19Speaker 4: because I think, at least for me, I learned a ton.
- 1:00:23Speaker 4: On retail politics. Now, on the other hand, look, the
- 1:00:27Speaker 4: person in our party who lost Iowa pretty badly and
- 1:00:30Speaker 4: lost New Hampshire pretty badly still got the nomination. So
- 1:00:37Speaker 4: I think we have to think about how all those
- 1:00:40Speaker 4: pieces fit together. And yes, it troubles me that you'll
- 1:00:45Speaker 4: be three elections in before there's a significant participation by
- 1:00:51Speaker 4: people of color.
- 1:00:52Speaker 5: Yeah.
- 1:00:53Speaker 4: And that's troubling.
- 1:00:55Speaker 1: Yeah.
- 1:00:56Speaker 4: So how to re-divide that as Democrats? I don't know.
- 1:01:00Speaker 4: I think it's hard. And I think, look, I'm going
- 1:01:02Speaker 4: to just be blunt. One of the reasons it's hard
- 1:01:04Speaker 4: is Iowa, this is a big deal for Iowa.
- 1:01:07Speaker 2: Oh, yeah.
- 1:01:08Speaker 4: And they make big money. We were in motels that
- 1:01:11Speaker 4: I used to think, I think I know why this
- 1:01:13Speaker 4: motel is here.
- 1:01:15Speaker 2: Right.
- 1:01:15Speaker 4: This motel is here because the caucuses.
- 1:01:18Speaker 2: And that's immediate impact. Then you get to the ethanol
- 1:01:20Speaker 2: industry and farm subsidies.
- 1:01:22Speaker 4: Exactly. Exactly. And I think that's troubling. And the problem
- 1:01:28Speaker 4: is the person who has the most power to change it,
- 1:01:31Speaker 4: by definition, is the one who just won. So they
- 1:01:34Speaker 4: never have any incentive. And most of the people who've
- 1:01:37Speaker 4: really ground through the process most will never do it again.
- 1:01:41Speaker 4: So it's kind of, okay, I'm past that and moved on.
- 1:01:45Speaker 4: But I think putting some real thoughtfulness into how we
- 1:01:50Speaker 4: get representation and yet keep it as an on-the-ground dirt
- 1:01:54Speaker 4: under the fingernails, I'd be ready to help in that conversation.
- 1:01:59Speaker 2: Okay. I lied. Final, final question. Final, final. So we
- 1:02:02Speaker 2: here at Crooked Media, we are trying to get people
- 1:02:04Speaker 2: fired up for the midterms. All right. We have a
- 1:02:07Speaker 2: midterm madness program. We're trying to break people up into regions,
- 1:02:10Speaker 2: get them to volunteer.
- 1:02:11Speaker 4: Super, super.
- 1:02:12Speaker 2: We have lots of fun stuff. It's a little harder
- 1:02:14Speaker 2: this time than it was in 2018. You know, there's
- 1:02:16Speaker 2: some people who feel like, you know, Biden said he
- 1:02:19Speaker 2: was going to get rid of student debt. We haven't
- 1:02:21Speaker 2: canceled it yet. Joe Manchin is really bumming me out.
- 1:02:25Speaker 2: You guys have the trifecta. We can't get stuff done.
- 1:02:29Speaker 2: What's your elevator pitch to all the folks out there
- 1:02:32Speaker 2: who might be on the fence about getting involved this
- 1:02:34Speaker 2: time about why they should?
- 1:02:36Speaker 4: Roe versus Wade. The other side has been voting Supreme
- 1:02:43Speaker 4: Court for 40 years now. And the Supreme Court has
- 1:02:48Speaker 4: got its toes on the line to end women's access
- 1:02:54Speaker 4: to abortion.
- 1:02:55Speaker 2: Oklahoma just did.
- 1:02:57Speaker 4: Absolutely. You know, can we pause for one second? You
- 1:03:01Speaker 4: think about the fact that Oklahoma just passed a law
- 1:03:03Speaker 4: to ban abortion effectively. It clearly violates Roe versus Wade.
- 1:03:08Speaker 4: They couldn't wait three more months until the Supreme Court
- 1:03:13Speaker 4: tosses Roe versus Wade into the trash bin, they are
- 1:03:18Speaker 4: so confident. They are so sure that they are right.
- 1:03:23Speaker 4: They want to be out ahead of this, and they're
- 1:03:26Speaker 4: willing to thumb their noses at the United States Supreme
- 1:03:29Speaker 4: Court current rule, knowing that this extremist Supreme Court will
- 1:03:34Speaker 4: back them up. Okay, so I just want to say
- 1:03:36Speaker 4: to everybody who's listening, if you care, Roe versus Wade
- 1:03:41Speaker 4: are only chance To protect a woman's right to an
- 1:03:45Speaker 4: abortion is if we get two more senators on the
- 1:03:51Speaker 4: Democratic side in the Senate and hang on to the
- 1:03:53Speaker 4: House because we can create by statute. We don't have
- 1:03:58Speaker 4: to rely on the Supreme Court. Second one is climate.
- 1:04:04Speaker 4: The other side has made clear. Their view on climate
- 1:04:07Speaker 4: is burn some more oil. Drill, baby, drill. if we're
- 1:04:10Speaker 4: going to have any chance to save this planet, the
- 1:04:13Speaker 4: Democrats are our best hope. This is what we've got.
- 1:04:16Speaker 4: We've got the plans. We know all the directions to
- 1:04:18Speaker 4: go in. We're ready to spend the money. We're ready
- 1:04:20Speaker 4: to tax the billionaires to spend the money. Again, we
- 1:04:24Speaker 4: need one or two more senators on the Democratic side.
- 1:04:29Speaker 4: Third one, student loans. President can do it. And I
- 1:04:35Speaker 4: am very, very hopeful that that he will do it
- 1:04:39Speaker 4: before the election and remind everybody in this country first
- 1:04:44Speaker 4: that he fights for them. He fights for the 42
- 1:04:49Speaker 4: million Americans who are struggling with student loan payments. He
- 1:04:52Speaker 4: fights for the 40% of them who don't have a
- 1:04:55Speaker 4: college degree. He fights to help close the racial wealth gap.
- 1:05:00Speaker 4: President canceling $ 50, 000 of student loan debt is the single
- 1:05:04Speaker 4: most effective thing he can do to close The black-white
- 1:05:07Speaker 4: wealth gap among people with student loan debt by 27 points,
- 1:05:10Speaker 4: same thing for the Latino white wealth gap. He wants
- 1:05:15Speaker 4: to fight on the side of people who need his help,
- 1:05:19Speaker 4: and he is willing to deliver. And if he does
- 1:05:22Speaker 4: those things, then by damn, we need to show up
- 1:05:25Speaker 4: and be ready to vote, to turn out that vote,
- 1:05:28Speaker 4: to get everybody engaged, because it will be a reminder
- 1:05:32Speaker 4: not only that the president cares, But that your vote matters.
- 1:05:36Speaker 4: So three issues.
- 1:05:38Speaker 2: There we go. We've got to do them. You heard
- 1:05:39Speaker 2: it here first, everyone. Senator Warren, thank you so much
- 1:05:42Speaker 2: for coming in. It's great to see you. Thanks for
- 1:05:44Speaker 2: firing us up. And let's do it.
- 1:05:46Speaker 4: All right.
- 1:05:49Speaker 1: Thank you to Elizabeth Warren for joining the show. We'll
- 1:05:53Speaker 1: we'll talk to you on Thursday. Pod Save America is
- 1:05:56Speaker 1: a Crooked Media production. The executive producer is Michael Martinez.
- 1:05:59Speaker 1: Our senior producer is Andy Gardner Bernstein. Our producer is
- 1:06:03Speaker 1: Haley Muse, and Olivia Martinez is our associate producer. It's
- 1:06:06Speaker 1: mixed and edited by Andrew Chadwick. Kyle Seglin and Charlotte
- 1:06:09Speaker 1: Landis sound engineer the show. Thanks to Tanya Sominator, Sandy Gerrard,
- 1:06:13Speaker 1: Hallie Kiefer, Ari Schwartz, Andy Taft, and Justine Howe for
- 1:06:16Speaker 1: production support. And to our digital team, Elijah Cohn, Phoebe Bradford,
- 1:06:20Speaker 1: Milo Kim, and Amelia Montu. Our episodes are uploaded as
- 1:06:24Speaker 1: videos at youtube.com slash crookedmedia.