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Money Behind Politics: The Lobby That Spends the Most Money · Earn Your Leisure

• 0:00
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 0:03
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 0:07
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 0:11
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 0:15
  Speaker 1: some of the heinous migrant criminals caught because of President
• 0:19
  Speaker 1: Donald J.
• 0:20
  Speaker 2: Trump's leadership.
• 0:21
  Speaker 1: I'm Christy nom the United States Secretary of Homeland Security.
• 0:25
  Speaker 1: Under President Trump, attempted illegal border crossings are at the
• 0:29
  Speaker 1: lowest levels ever recorded, and over one hundred thousand illegal
• 0:33
  Speaker 1: aliens have been arrested. If you are here illegally, your
• 0:37
  Speaker 1: next you will be fined nearly one thousand dollars a day, imprisoned,
• 0:41
  Speaker 1: and deported.
• 0:42
  Speaker 2: You will never return.
• 0:44
  Speaker 1: But if you register using our CBP home app and
• 0:47
  Speaker 1: leave now, you could be allowed to return legally.
• 0:50
  Speaker 2: Do what's right. Leave now.
• 0:53
  Speaker 1: Under President Trump, America's laws, border and families will be protected.
• 0:57
  Speaker 3: Sponsored by the United States Department of Homeland Security.
• 1:00
  Speaker 4: Let's talk about some politics stuff, can we for a
• 1:02
  Speaker 4: minute before we go into the main event.
• 1:08
  Speaker 5: Let's talk about it. So Biden.
• 1:13
  Speaker 6: Today is today is his birthday. He's eighty one.
• 1:16
  Speaker 7: Today, I do my birthday, shout out, shoutouts, But yeah,
• 1:23
  Speaker 7: I think it's eighty two eight one one.
• 1:26
  Speaker 4: His birthday is today, and he is facing a historic
• 1:34
  Speaker 4: situation for incoming president. Yes, having having a uh uphill
• 1:41
  Speaker 4: battle as far as he looks like he's projected to
• 1:43
  Speaker 4: lose right now, he's getting killed with millennial voters. A
• 1:47
  Speaker 4: lot of a lot of it has to do with
• 1:49
  Speaker 4: his foreign policy. People are not feeling his foreign policy aid,
• 1:53
  Speaker 4: a variety of other different things. So all right, we can,
• 1:56
  Speaker 4: we can give our weekly predictions on who we think
• 1:58
  Speaker 4: is going to become president. But I think that it's
• 2:01
  Speaker 4: important to look on the money behind it. So lobbying
• 2:05
  Speaker 4: extremely important. Over ten billion dollars, they said, will we
• 2:09
  Speaker 4: spent this cycle on campaign contributions and lobbying? And this
• 2:15
  Speaker 4: is what people, I think they don't fully understand. It's
• 2:18
  Speaker 4: not a democracy.
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  Speaker 5: It's paid for.
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  Speaker 4: It's paid for by the highest bidder, and whoever has
• 2:25
  Speaker 4: the most money purchases a candidate, and the candidate does
• 2:29
  Speaker 4: whatever they want them to do, and if they go
• 2:33
  Speaker 4: against what they want them to do, then they fund
• 2:35
  Speaker 4: their oppositions campaign or they create a smear campaign and
• 2:40
  Speaker 4: they get them out of there. And this happens in
• 2:44
  Speaker 4: local politics, state level politics, national politics, and the president.
• 2:50
  Speaker 4: There's no different. But it's interesting, who do you think
• 2:55
  Speaker 4: is the number one lobbying group in politics last year
• 3:02
  Speaker 4: twenty twenty two.
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  Speaker 6: In terms of money being spent out?
• 3:06
  Speaker 4: Who spent the most money on lobbying? Not so campaign
• 3:09
  Speaker 4: contributions and lobbying are different, two different things. But who
• 3:12
  Speaker 4: do you think spending Anybody in the chat can that's
• 3:16
  Speaker 4: a great question and can answer as.
• 3:17
  Speaker 5: Well, who do you think what group, what what group.
• 3:20
  Speaker 4: Spent the most money in lobbying politicians in twenty twenty two?
• 3:25
  Speaker 6: Can we do a family feu style.
• 3:28
  Speaker 7: It's probably gonna be third on the board. I'm gonna
• 3:30
  Speaker 7: go first, and let me see if it's number one
• 3:32
  Speaker 7: and are no, no, I think that is it in
• 3:36
  Speaker 7: the top five?
• 3:38
  Speaker 5: You know it's not. It is not in the top five.
• 3:40
  Speaker 8: Now they're not in the top five. And here you go, Hey, Steve,
• 3:45
  Speaker 8: how you doing. I'm gonna go with farmer, big farmer.
• 3:49
  Speaker 4: Farmer is in the top five. But they're not. They're not.
• 3:52
  Speaker 4: They're not number one. Okay, so let's let's let's go through.
• 3:56
  Speaker 6: This is a good game show.
• 3:57
  Speaker 5: Yeah, it is. It is for sure. Let's go through
• 3:59
  Speaker 5: the top ten. Actually one two.
• 4:01
  Speaker 6: Am I in the ten?
• 4:03
  Speaker 5: Who'd you say?
• 4:04
  Speaker 7: I said, NRA, NRA. I don't think they will be
• 4:06
  Speaker 7: number one. I think I know that they're probably they're
• 4:08
  Speaker 7: not in the ten.
• 4:10
  Speaker 4: Number Number ten is uh n ct A, the Internet
• 4:15
  Speaker 4: and Television Association. They spent fifteen million last year on lobby.
• 4:20
  Speaker 4: Number nine is Comcasts Media. Number eight is Business Roundtable.
• 4:27
  Speaker 4: Number seven is Amazon. American Medical Association is number six, Facebook, Blue.
• 4:39
  Speaker 5: Coloss blue Shield.
• 4:40
  Speaker 6: I know number.
• 4:43
  Speaker 4: Apple there manufacturers for American Hospital Association, A lot of
• 4:47
  Speaker 4: healthcare COMPANIESEAH. By the way, Number two, No. Number three
• 4:53
  Speaker 4: is the pharmaceutical in Research lobby. Number two is US
• 4:59
  Speaker 4: Chamber of Commerce. Number one really versus two. The number
• 5:04
  Speaker 4: one very surprising. The number one lobby group last year
• 5:08
  Speaker 4: National Association of Realtors.
• 5:11
  Speaker 6: Wow.
• 5:11
  Speaker 4: Really, the National Association of Realtors lobby to the tune
• 5:16
  Speaker 4: of eighty four million dollars last year. And like I said,
• 5:18
  Speaker 4: there's hundreds of millions of dollars that spend on campaign contributions,
• 5:21
  Speaker 4: different things like that. But as far as lobbying, the
• 5:24
  Speaker 4: National Association of Realtors were number one in twenty twenty two.
• 5:30
  Speaker 5: Who knew?
• 5:31
  Speaker 6: I definitely I thought I knew Number one. I know
• 5:33
  Speaker 6: I was he knew. I didn't know, right, young man?
• 5:38
  Speaker 4: Maybe maybe maybe do you what are your thoughts on
• 5:42
  Speaker 4: why realtors would be spending so much money?
• 5:45
  Speaker 5: Are they? Are they threatened? Are they?
• 5:47
  Speaker 6: Do?
• 5:47
  Speaker 5: They?
• 5:47
  Speaker 6: Absolutely?
• 5:48
  Speaker 8: I mean because if you look at Zillow, Redfin when
• 5:51
  Speaker 8: they tried to push that wave, also black Rock, Vanguard,
• 5:55
  Speaker 8: Blackstone arena competitors, and people are more afraid interest rates.
• 5:59
  Speaker 8: To shout out to all the realtors who listen, I
• 6:01
  Speaker 8: appreciate you. Just close your ears real quick. And when
• 6:05
  Speaker 8: the internet is saying now is not a good time
• 6:07
  Speaker 8: to buy, while the realtors are saying it's a great
• 6:09
  Speaker 8: time to buy, you have divergence and thought versus what's
• 6:14
  Speaker 8: best for the business. So I think they need to
• 6:16
  Speaker 8: lie because they are in fear for sure about if
• 6:20
  Speaker 8: things are going to be more stable, Like for the
• 6:22
  Speaker 8: first time in I don't know, maybe ten fifteen years,
• 6:27
  Speaker 8: I don't even see.
• 6:27
  Speaker 6: People excited to buy a house.
• 6:29
  Speaker 8: And the crazy part is if interest rates go lower,
• 6:32
  Speaker 8: housing prices are going to soar and we're going to
• 6:35
  Speaker 8: have a bit of war again. So you're stuck either
• 6:38
  Speaker 8: now you have to pay more on the mortgage side
• 6:42
  Speaker 8: and you're going to be ate up by interest, or
• 6:43
  Speaker 8: you have to wait until the interest rates drop, but
• 6:46
  Speaker 8: then the cost of the house is going to go up. Yeah,
• 6:49
  Speaker 8: so that's really fascinating. I didn't know that.
• 6:52
  Speaker 4: So the interesting thing a lot of people put they
• 6:54
  Speaker 4: thought that Apak was going to be up there, and
• 6:57
  Speaker 4: that is the Can Israel Public Affairs Committee, And you
• 7:03
  Speaker 4: know they spent in twenty eighteen, they spent three point
• 7:05
  Speaker 4: five million dollars on lobbying, which is a relatively it
• 7:08
  Speaker 4: seems small, but it's a relatively large amount for foreign policy.
• 7:11
  Speaker 4: But through campaign contributions, this is this is where it
• 7:15
  Speaker 4: kind of gets tricky. So it's been reports that this
• 7:18
  Speaker 4: year they're going to spend one hundred million dollars to
• 7:20
  Speaker 4: defeat five candidates. So it's been one hundred million dollars
• 7:24
  Speaker 4: this year on five candidates.
• 7:26
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• 9:18
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 9:22
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 9:26
  Speaker 1: accused of murdering a Texas. Man of Venezuelan charged with
• 9:30
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 9:34
  Speaker 1: some of the heinous migrant criminals caught because of President
• 9:38
  Speaker 1: Donald J.
• 9:38
  Speaker 2: Trump's leadership.
• 9:40
  Speaker 1: I'm Christy nom the United States Secretary of Homeland Security.
• 9:44
  Speaker 1: Under President Trump, attempted illegal border crossings are at the
• 9:47
  Speaker 1: lowest levels ever recorded, and over one hundred thousand illegal
• 9:51
  Speaker 1: aliens have been arrested.
• 9:53
  Speaker 2: If you are here.
• 9:54
  Speaker 1: Illegally, your next you will be fine nearly one thousand
• 9:58
  Speaker 1: dollars a day, imprisoned and.
• 10:00
  Speaker 2: Deported, you will never return.
• 10:02
  Speaker 1: But if you register using our CBP home app and
• 10:05
  Speaker 1: leave now, you could be allowed.
• 10:07
  Speaker 2: To return legally do what's right. Leave now.
• 10:11
  Speaker 1: Under President Trump, America's laws, border and families.
• 10:15
  Speaker 2: Will be protected.
• 10:16
  Speaker 3: Sponsored by the United States Department of Homeland.
• 10:18
  Speaker 4: Security, they call them the Jamal Bowman's part of that crew,
• 10:22
  Speaker 4: the crew, what's the name of it? Can we research
• 10:25
  Speaker 4: that research department? These are extremely they're more liberal. This
• 10:28
  Speaker 4: is a very liberal crew in the Democratic Party. They've
• 10:34
  Speaker 4: taken a pro palest Indian stance. So they're spending a
• 10:38
  Speaker 4: war chest of almost allegedly that's what they've been reporting
• 10:41
  Speaker 4: of one hundred million dollars. So it's interesting to see
• 10:44
  Speaker 4: how different groups fund different political agendas, different political parties,
• 10:50
  Speaker 4: different different candidates. And we even Wall Street last presidential
• 10:56
  Speaker 4: cycles spent two point nine billion dollars on lobbying and
• 11:01
  Speaker 4: campaign contributions, forty seven percent of Wall Street's money. Who
• 11:06
  Speaker 4: do you think Wall Street spent the most money on
• 11:09
  Speaker 4: another crowd engagement?
• 11:10
  Speaker 6: Who?
• 11:11
  Speaker 4: If Wall Street spent almost three billion dollars for the
• 11:14
  Speaker 4: last presidential cycle, who would you assume got the lion's
• 11:19
  Speaker 4: share of their their spending.
• 11:22
  Speaker 6: I think this is the Lord Trump. I think that
• 11:25
  Speaker 6: they spent it evenly.
• 11:27
  Speaker 4: The squad is the name of that that Democrat the squad.
• 11:33
  Speaker 5: You said that they you said, you going with trump Ian,
• 11:35
  Speaker 5: yes or something?
• 11:36
  Speaker 7: Go for So they says if they said three point five,
• 11:39
  Speaker 7: if they said three billion, I think one point five
• 11:41
  Speaker 7: and one point five.
• 11:42
  Speaker 6: They have interests on both sides.
• 11:44
  Speaker 5: Close.
• 11:45
  Speaker 4: They spent forty seven percent with Republicans and fifty three
• 11:50
  Speaker 4: percent with Democrats. The number one person that got the
• 11:53
  Speaker 4: most money was Joe Biden with seventy four million dollars.
• 11:58
  Speaker 6: That was close.
• 12:00
  Speaker 8: Divide that's one that.
• 12:06
  Speaker 4: So that's that's interesting because a lot of people, you know,
• 12:09
  Speaker 4: they just automatically assume that Wall Street is always going
• 12:12
  Speaker 4: to be in favor of the other. The Republicans, like
• 12:14
  Speaker 4: you said, they split their best every day. Any intelligent
• 12:19
  Speaker 4: political lobby party always splits their bets. You have to
• 12:24
  Speaker 4: split that. You have to split your best. That's how
• 12:25
  Speaker 4: you that's how you really lobby. Officially, you give money
• 12:28
  Speaker 4: to Republicans and you give money to Democrats. That's that's
• 12:31
  Speaker 4: what you have to But but Wall Street, dude, I
• 12:35
  Speaker 4: didn't learn this until I started working in finance.
• 12:38
  Speaker 5: Wall Street usually favors Democrats.
• 12:40
  Speaker 8: That's true, and the stock market has done better under
• 12:44
  Speaker 8: democratic leadership.
• 12:46
  Speaker 6: Too, so that that makes sense. Boom with Clinton, boom
• 12:49
  Speaker 6: with Obama, resting peace of Jimmy Carter's wife, got us
• 12:53
  Speaker 6: in peace.
• 12:54
  Speaker 8: But yeah, normally under a democratic regime, things do float
• 12:59
  Speaker 8: a little bit better for the stock market.
• 13:02
  Speaker 5: Yeah, somebody said, when do you work in finance?
• 13:06
  Speaker 6: That's crazy, shot.
• 13:08
  Speaker 7: It's the first time you shout out to everybody the
• 13:10
  Speaker 7: first time, first time.
• 13:12
  Speaker 6: This is how you used to feel in twenty twenty
• 13:14
  Speaker 6: when I used to go crazy.
• 13:15
  Speaker 4: What shout out to the Well, if you, if you,
• 13:18
  Speaker 4: if you tape my name in Google, it comes up
• 13:20
  Speaker 4: as an American basketball player.
• 13:21
  Speaker 6: So true, that's fire.
• 13:23
  Speaker 4: Yeah yeah, yeah, so some people might not know my background.
• 13:28
  Speaker 7: That's the bots that you said in forty episodes straight,
• 13:33
  Speaker 7: so they said he must be an American basketball player.
• 13:34
  Speaker 4: Yeah, but I just I just think that it's interesting
• 13:36
  Speaker 4: to to really look at that because you know, when
• 13:39
  Speaker 4: you talk about politics, it's like, well, what does this
• 13:41
  Speaker 4: have to do with business?
• 13:42
  Speaker 5: Everything? Everything business is funding politics.
• 13:44
  Speaker 4: And this is extremely important because when you talk about taxes,
• 13:48
  Speaker 4: the politicians make that when you when you talk when
• 13:51
  Speaker 4: you're talking about government regulation, when you're talking about everything
• 13:55
  Speaker 4: that has to flow through business for business, to actually
• 13:59
  Speaker 4: be able to run is governed by government, So it
• 14:03
  Speaker 4: would make sense that business would have a strong interest.
• 14:06
  Speaker 5: In politics and vice versa.
• 14:09
  Speaker 4: And it would also make sense that every single interest
• 14:12
  Speaker 4: group would have a strong interest in politics. So I
• 14:17
  Speaker 4: say that to say this is something that black people
• 14:23
  Speaker 4: have to start to fully understand, right.
• 14:27
  Speaker 5: This is if your top priority.
• 14:33
  Speaker 4: Is furthering your agenda, well the only way to do
• 14:36
  Speaker 4: that is through money. So it's like it, yeah, I
• 14:40
  Speaker 4: mean you can't really you can't get mad at what
• 14:43
  Speaker 4: Apak is doing.
• 14:44
  Speaker 5: That's their priority.
• 14:45
  Speaker 4: Obviously, the name of it the pro Israel situation, So
• 14:48
  Speaker 4: of course they're going to do everything possible to be
• 14:53
  Speaker 4: on one hundred percent side of Israel. That would make
• 14:57
  Speaker 4: sense because they're looking out for their own an interest
• 15:00
  Speaker 4: and every single person does that, every group does that.
• 15:04
  Speaker 4: So what we have I think we haven't fully understand
• 15:08
  Speaker 4: how politics work. We've been told to just vote, like
• 15:12
  Speaker 4: we got. We got put on the vote path where
• 15:14
  Speaker 4: it's like, Okay, you can vote your way into prosperity,
• 15:19
  Speaker 4: or you can vote your way into change, or you
• 15:22
  Speaker 4: can or you can march your way into change. And
• 15:25
  Speaker 4: what ends up happening is that votes are important because
• 15:28
  Speaker 4: you do you do need to elect the candidate. But
• 15:31
  Speaker 4: the people with the money, they use voting blocks. So
• 15:35
  Speaker 4: we are a large voting block, and we usually vote
• 15:39
  Speaker 4: for one particular party and.
• 15:40
  Speaker 6: Give away to our vote for free and not to
• 15:42
  Speaker 6: cut you off exactly.
• 15:43
  Speaker 4: So they'll use our voting block because it's important to
• 15:47
  Speaker 4: get the candidate elected, but the candidate will never do
• 15:50
  Speaker 4: anything for said voting block because there's never any financial
• 15:55
  Speaker 4: pressure on said candidate. So now you have a cycle
• 15:59
  Speaker 4: of of small groups of money that use voting blocks
• 16:04
  Speaker 4: to get a candidate elected. And then they put money
• 16:07
  Speaker 4: into candidate and they threaten the candidate and the candidate
• 16:10
  Speaker 4: does what they want them to do and persuasion and
• 16:14
  Speaker 4: if not so and then so I said, I have
• 16:17
  Speaker 4: to say, we do have a voting block that's important,
• 16:19
  Speaker 4: but we don't have economic power when it comes to finances.
• 16:23
  Speaker 4: So it would be beneficial to work on an economic
• 16:26
  Speaker 4: power structure with the voting block.
• 16:30
  Speaker 5: Now you're in a.
• 16:32
  Speaker 4: Position to actually start to see some things happen that
• 16:36
  Speaker 4: are in your best interest, and you have to you
• 16:39
  Speaker 4: have to be selfish on a certain point. Can't always
• 16:41
  Speaker 4: look out for everybody else's interests. There's nobody's looking out
• 16:44
  Speaker 4: for your interest.
• 16:45
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 16:49
  Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador
• 16:53
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 16:57
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 17:01
  Speaker 1: some of the heinous migrant criminals caught because of President
• 17:05
  Speaker 1: Donald J.
• 17:05
  Speaker 2: Trump's leadership.
• 17:07
  Speaker 1: I'm Christy Noman, the United States Secretary of Homeland Security.
• 17:11
  Speaker 1: Under President Trump, attempted illegal border crossings are at the
• 17:14
  Speaker 1: lowest levels ever recorded, and over one hundred thousand illegal
• 17:18
  Speaker 1: aliens have been arrested. If you are here illegally, your
• 17:22
  Speaker 1: next you will be fine nearly one thousand dollars a day, imprisoned,
• 17:27
  Speaker 1: and deported.
• 17:28
  Speaker 2: You will never return.
• 17:29
  Speaker 1: But if you register using our CBP home app and
• 17:32
  Speaker 1: leave now, you could be allowed to return legally.
• 17:36
  Speaker 2: Do what's right. Leave now.
• 17:38
  Speaker 1: Under President Trump, America's laws, border and families will be protected.
• 17:43
  Speaker 3: Sponsored by the United States Department of Homeland Security,