Latest / Breaking Points with Krystal and Saagar / 8/10/26: Iran Demands Surrender, Trump Officials Gaslight On Economy, Bibi Spits In Trump's Face

Transcript

8/10/26: Iran Demands Surrender, Trump Officials Gaslight On Economy, Bibi Spits In Trump's Face · Breaking Points with Krystal and Saagar

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Speaker 1: Good morning, everybody, Happy Monday. I'm an amazing show for everybody today.
0:36
Speaker 1: What do Crystal?
0:37
Speaker 4: Indeed we do so.
0:38
Speaker 2: Trump is a low kying the Iran who are now
0:41
Speaker 2: According to report from Baraka Rev try to Barfi is
0:44
Speaker 2: going to join us with the latest there. We're also
0:46
Speaker 2: taking a look at the continued economic fall on as
0:48
Speaker 2: Americans are being made to humiliate themselves on camera in
0:51
Speaker 2: order to get lower gas prices. Bibi Nat Yahoo is
0:55
Speaker 2: rejecting the new phase of the Gaza ceasefire deal involving
0:59
Speaker 2: Hma disarmament hamas kind of making a bet there that
1:02
Speaker 2: they were not going to go forward with it, and
1:04
Speaker 2: they were correct. Mitch McConnell allegedly back home. No one
1:07
Speaker 2: has seen him, no new photos released, no videos, anything
1:10
Speaker 2: of the sort. We will give you the latest as
1:13
Speaker 2: he prepares to apparently work from home. What is going
1:16
Speaker 2: on there? It is anybody's guest at this point. And
1:19
Speaker 2: Hillary Clinton has some advice for Abdul elsehyad on winning Michigan,
1:24
Speaker 2: something she is an expert at not doing. Yes, and
1:27
Speaker 2: Obama also called both Abdul and Hailey Stevens to check
1:32
Speaker 2: in with them and offer support to a lot of
1:34
Speaker 2: updates there.
1:34
Speaker 3: From imagine losing Michigan twice and saying, you know what,
1:37
Speaker 3: I know a lot about that. Yeah, you know that's Hillary.
1:41
Speaker 1: That's Hillary for you.
1:42
Speaker 3: God lover all right, thank you, Hey, Joe Biden to
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Speaker 3: other people find the show. Now, before we bring in
2:16
Speaker 3: treat to Parsi, we do just want to give a
2:18
Speaker 3: basic overview of where things are. Let's put a two
2:20
Speaker 3: up here on the screen. Trump says, quote, we are
2:23
Speaker 3: low keying it on Iran. That seems to be no
2:27
Speaker 3: peace surrender. With no surrender, President Trump's signaled he's prepared
2:31
Speaker 3: to allow economic pressure on Iran to continue, as he
2:34
Speaker 3: opposed to ordering a new military offensive even as the
2:37
Speaker 3: country continues to defy the US. Only a week ago,
2:40
Speaker 3: he was on the verge of ordering a return to
2:42
Speaker 3: major combat operations. But now he is not making any
2:46
Speaker 3: new military threats. Mostly it seems because many members of
2:50
Speaker 3: senior members of the United States military said, sir, we
2:52
Speaker 3: cannot do this. We don't have the munitions even to continue,
2:54
Speaker 3: and as Iran has issued an entire new slate of
2:58
Speaker 3: demands for what it would take for them to reopen
3:01
Speaker 3: the Strait of Hormus. So with all of that, let's
3:02
Speaker 3: bring in our great friend Trita Parsi of the Quincy
3:05
Speaker 3: Institute to dissect all of this. So, doctor Parsi, as
3:08
Speaker 3: I just mentioned, Iran has now issued a list of
3:10
Speaker 3: demands for reopening the Street of Hormous. Let's put it
3:13
Speaker 3: up here on the screen. I'll read all of them
3:15
Speaker 3: and we'll get your reaction. Iran says they will not
3:18
Speaker 3: reopen until the United States quotes corrects its behavior. Number one,
3:22
Speaker 3: they must end all threats against Iran and insults to
3:25
Speaker 3: the country's sacred values. Number two, they must permanently end
3:28
Speaker 3: the war and aggression against Iran and its allies in Lebanon, Palestine, Yemen,
3:32
Speaker 3: and Iraq. Number three they must lift the naval blockade
3:35
Speaker 3: and withdraw the United States naval and air forces from
3:37
Speaker 3: around Iran. Four they must pay in full for damages
3:40
Speaker 3: for what they call the two wars of aggression imposed
3:42
Speaker 3: on Iran. Five, lift all US sanctions. Six unconditionally released
3:47
Speaker 3: frozen and seized Iranian assets.
3:49
Speaker 1: So much of this, Sir, to my eye.
3:52
Speaker 3: Is a basically, you have to fulfill all the terms
3:55
Speaker 3: of the Memoran of understanding, and some just to get
3:59
Speaker 3: the reopening of hormones, not to even potentially get any
4:01
Speaker 3: sort of nuclear talk. I know there's quite a bit
4:04
Speaker 3: of analysis and others that you can offer about how
4:07
Speaker 3: much of this is real or not, So I'm curious
4:09
Speaker 3: for your reaction.
4:11
Speaker 5: Sure, Look, I had conversations.
4:13
Speaker 6: You're going to get a qualification on exactly what is
4:15
Speaker 6: intended here, And one of the clear messages that came
4:19
Speaker 6: through is that this is not a demand for the
4:23
Speaker 6: reopening of the strait. This is a demand for restarting
4:26
Speaker 6: direct US talks Wow with Iran.
4:29
Speaker 7: Wow.
4:30
Speaker 6: It has been presented in a manner that is a
4:32
Speaker 6: little bit vague and exaggerated, and that is apparently deliberate
4:37
Speaker 6: what they say, and I don't know if this is true,
4:40
Speaker 6: but what they say essentially is that last minute in
4:43
Speaker 6: the talks, the US introduced new elements, tried to move
4:47
Speaker 6: the goalpost, and this is an Iranian reaction to that.
4:52
Speaker 6: If the US is going to put forward wish lists
4:55
Speaker 6: wish lists as some sort of demand, the Iranians are
4:58
Speaker 6: capable of playing that game.
5:00
Speaker 5: Well. Now, that may be, it may also be something else.
5:03
Speaker 6: It may very well be that this is what the
5:05
Speaker 6: Vannians are doing at this point because they are deliberately
5:09
Speaker 6: trying to drag this out, because they like to see
5:13
Speaker 6: the pain that Trump is enduring to expand further. And
5:17
Speaker 6: this is not because of some sort of a sadistic inclination.
5:20
Speaker 6: It's because, in their analysis, had Trump hurt enough before
5:24
Speaker 6: signing the MoU, he would have stuck to the MoU.
5:28
Speaker 6: But because the Varnians, in their view and that narrative
5:31
Speaker 6: that exists, agreed to the MoU prematurely, it led to
5:36
Speaker 6: a scenario in which Trump was in the MoU but
5:39
Speaker 6: while still thinking that he could get better terms by
5:42
Speaker 6: going back to a bombing campaign, which he now has
5:45
Speaker 6: tried and it has failed miserably. So in order to
5:49
Speaker 6: avoid repeating that mistake, they would drag it out a
5:52
Speaker 6: little bit further this time around, in order to make
5:54
Speaker 6: sure that by the time there is an agreement, there
5:57
Speaker 6: is really a complete conclusion on the American side that
6:00
Speaker 6: there is no other option but that agreement. There is
6:03
Speaker 6: no option of going back to bombing. The only thing
6:06
Speaker 6: that can work is a complete commitment to the agreement
6:08
Speaker 6: and to diplomacy.
6:10
Speaker 2: Given that landscape, do you think that Iran will find
6:13
Speaker 2: it necessary to escalate in order to increase the pain
6:16
Speaker 2: on Trump. Where things sit today is gas prices are about
6:19
Speaker 2: four bucks a gallon, not great, but also not a
6:22
Speaker 2: complete and total catastrophe. Trump is out there, as we
6:25
Speaker 2: said before, saying he's going to low key the Iran conflict.
6:28
Speaker 2: He apparently feels like the status quo is something he
6:31
Speaker 2: can sustain for at least some.
6:33
Speaker 4: Period of time.
6:34
Speaker 2: So do you think the logic will argue in the
6:36
Speaker 2: direction of Iran escalating and trying to increase that pain
6:40
Speaker 2: to force the sort of capitulation they would need at
6:42
Speaker 2: the negotiating table.
6:44
Speaker 6: I would see the Iranians escalate if they feel that
6:46
Speaker 6: they are under so much pain that they need to
6:49
Speaker 6: essentially even it out. If that is not the case,
6:52
Speaker 6: I think they will just continue to where they are
6:54
Speaker 6: right now. Keep one thing in mind, just last night
6:57
Speaker 6: they shot at several more ships and there was bombing
7:00
Speaker 6: response by the United States. If we recall how this
7:04
Speaker 6: whole thing started was that the Vannians were shooting at
7:06
Speaker 6: ships that went through the Southern Channel without Iranian notification,
7:11
Speaker 6: which Givannias believe was a violation of the MoU and
7:14
Speaker 6: the US responded by saying it is unacceptable for the
7:17
Speaker 6: Varnians to shoot at these ships. They are still shooting
7:19
Speaker 6: at these ships, but the US is not bombing any longer,
7:22
Speaker 6: so I don't know if it is necessary for them
7:24
Speaker 6: to eskate. You raise a very important point, though, which
7:26
Speaker 6: is the despitest level of tension. Despite the fact that
7:29
Speaker 6: the Straits traffic is down to a trinkle, despite the
7:33
Speaker 6: fact that there's still essentially a blockade of blockade in place,
7:37
Speaker 6: the Vannians have not succeeded in really pushing up all prices.
7:41
Speaker 6: Now that is not because old prices shouldn't be higher.
7:44
Speaker 6: Everyone I've spoken to who follows this much closer are
7:48
Speaker 6: baffled by the success the administration is having and pushing
7:52
Speaker 6: down all prices artificially. But that is not something that
7:56
Speaker 6: can work in the long run. In the long run,
7:58
Speaker 6: this is going to come back and you're going to
8:01
Speaker 6: see the paper price of oil and the actual price
8:03
Speaker 6: of oil converge, and that means that oil prices are
8:06
Speaker 6: likely going to go higher. But it seems like the
8:08
Speaker 6: Iranians have kind of either not felt the need or
8:11
Speaker 6: given up on the idea of fighting Trump when he
8:14
Speaker 6: comes to this type of artificial interference that he has
8:19
Speaker 6: managed to do in keeping oil prices down.
8:21
Speaker 5: Instead, they're playing the long game in this way, right, Yeah.
8:24
Speaker 3: And I mean, obviously the long game will remove the
8:26
Speaker 3: veneer of a lot of the temporary things that the
8:29
Speaker 3: administration has been able to do. One factor in here
8:32
Speaker 3: is the Vice President who has been continually at least
8:35
Speaker 3: optimistic publicly about negotiations. He was on Fox News on
8:39
Speaker 3: Saturday saying that this is just quote, the middle game.
8:42
Speaker 3: Whenever it comes to an eventual outcome. Let's take a listen,
8:45
Speaker 3: we'll get your reaction.
8:46
Speaker 8: Also, of course, talked a lot about Iran, and yeah,
8:48
Speaker 8: where Iran is today, Kaylee, is that we're talking to
8:52
Speaker 8: the Iranians. Of course, we're trying to maximize the amount
8:56
Speaker 8: of oil and gas that are coming out of the
8:57
Speaker 8: straight of horror moves. That's the thing that we're most
8:59
Speaker 8: focused on right now. And you see, I think oil
9:01
Speaker 8: prices dipping around eighty dollars a barrel today, sometimes a
9:05
Speaker 8: little bit lower. So we're just trying to make sure
9:08
Speaker 8: that we get what we need out of this particular conflict.
9:11
Speaker 8: If you go back and remember what it is that
9:13
Speaker 8: we've done here, we've destroyed their nuclear program, We've destroyed
9:17
Speaker 8: their conventional military We've radically reduced their what you might
9:20
Speaker 8: call their asymmetric military abilities. And right now we're trying
9:24
Speaker 8: to see if they're willing to make the kind of
9:26
Speaker 8: long term changes that would be necessary to have a
9:29
Speaker 8: better relationship with the United States. And if not, that's
9:32
Speaker 8: fine too. We're just going to keep on applying the
9:34
Speaker 8: pressure that we can apply and getting as much oil
9:37
Speaker 8: and gas out of the Middle East so that Americans
9:39
Speaker 8: can enjoy lower gas and energy prices. So that's the
9:42
Speaker 8: delicate dance. The final thing I'll say about this, Kayley,
9:45
Speaker 8: is I try to remind people that we're really in
9:47
Speaker 8: the middle of the game here. This thing is not over.
9:50
Speaker 8: It's obviously not at the beginning. We're in the middle
9:52
Speaker 8: of the game, and we're applying a whole host of tools, diplomatic, economic,
9:56
Speaker 8: military tools. They're hurting in a big way. I want
10:00
Speaker 8: this thing to be over. The question is whether they're able,
10:04
Speaker 8: their system is able to give the things that are
10:07
Speaker 8: necessary for us to be happy, for us to feel
10:09
Speaker 8: like we've gotten what we need out of this particular engagement.
10:13
Speaker 8: That is still to be determined. But I do think
10:15
Speaker 8: we've made some progress over the last few days.
10:17
Speaker 3: What do you make of that, Sarah, You're saying there's progress,
10:20
Speaker 3: no talks. As far as we know, there's no The
10:22
Speaker 3: demands are out there, there's sure the US has not responded.
10:26
Speaker 1: Are you aware of anything from behind the scenes.
10:29
Speaker 6: Well, one thing I think we've discussed in the past,
10:32
Speaker 6: I think is important to clarify. And I thought it
10:34
Speaker 6: was interesting that the Vice President said that there's talks
10:37
Speaker 6: going on. He didn't say diplomacy or negotiations. The Vitians
10:41
Speaker 6: are very strict about how they divide these things. They
10:44
Speaker 6: keep on saying that there's no negotiations with the US
10:46
Speaker 6: taking place, and officially there isn't because they don't consider
10:51
Speaker 6: exchange of messages, etc. As negotiations. And this seems to
10:54
Speaker 6: be infuriating Trump, who doesn't see any distinction between these
10:58
Speaker 6: different things, and as a result, thinks that the Iranians
11:01
Speaker 6: are lying to the media when they're saying that there
11:03
Speaker 6: are no negotiations taking place. But on the issue of
11:08
Speaker 6: you know, there's been some progress. Look, there has been
11:10
Speaker 6: some progress. There is variations of deals on the table
11:15
Speaker 6: between the two sides, and the two sides that are
11:17
Speaker 6: actually officially negotiating are Ivan and Nahman, and that in
11:21
Speaker 6: and of itself is a partial victory for the Iranians.
11:24
Speaker 6: The Iranians are insisting that there are no international waters
11:29
Speaker 6: in the Strait. There's only Iranian territorial waters and Omani
11:33
Speaker 6: territorial waters. As a result, whatever the final outcome of
11:37
Speaker 6: the Strait is, it has to be determined by the
11:39
Speaker 6: two countries that have territorial waters here. That's why they
11:43
Speaker 6: have made sure that other GCC states are not at
11:45
Speaker 6: the table officially, nor is the US. Now the facto,
11:48
Speaker 6: the US is absolutely at the table because the Omanis
11:51
Speaker 6: are not negotiating for themselves any longer. They're representing a
11:55
Speaker 6: position that is approved by the US. They're not going
11:59
Speaker 6: to put forwardposal that the US is not okay with
12:02
Speaker 6: this any longer. But it is not a direct negotiation.
12:05
Speaker 6: The Vice present also keeps on hinting at this positive
12:09
Speaker 6: image that this could lead to something that brings out
12:13
Speaker 6: a different relationship between the US. Leeran and I find
12:15
Speaker 6: it noteworthy that he keeps on mentioning this even in
12:19
Speaker 6: interviews with Fox New. That is problem is not the
12:21
Speaker 6: most receptive audience to that final point when he says
12:25
Speaker 6: that we're in the middle of it. I think there
12:27
Speaker 6: may be some truth in that. Remember with the MoU
12:29
Speaker 6: for about two weeks, we kept on hearing they're close
12:31
Speaker 6: to a deal, they're close to the deal. Nothing happened,
12:34
Speaker 6: and then suddenly it happened.
12:38
Speaker 2: Scott Besson also had some interesting comments about the straight
12:42
Speaker 2: up for moves and how long it will be relevant.
12:44
Speaker 2: This is a ten let's listen to that.
12:46
Speaker 7: On the economic side, we have them by the throat. Shortly,
12:51
Speaker 7: maybe even today tomorrow, we are going to see an
12:54
Speaker 7: agreement thirty sixty day ceasefire and straight will be open.
13:01
Speaker 7: Energy prices should come down.
13:03
Speaker 9: There are some who've speculated the Strait will never go
13:05
Speaker 9: back to being the way it was before.
13:07
Speaker 10: What would you say, I would say, I would take
13:10
Speaker 10: I think they're saying that in a doomsday sort of way.
13:15
Speaker 10: I would say it in another way, the Strait is
13:18
Speaker 10: never going back to the way it was because the
13:21
Speaker 10: Iranians have used or tried to use it as a
13:25
Speaker 10: choke point. What we are going to see over the
13:27
Speaker 10: next two years, the Strait's going to become irrelevant. It
13:30
Speaker 10: is going to become just another body of water.
13:34
Speaker 7: And I would say that more than fifty or seventy
13:37
Speaker 7: percent of the energy that moves through the Strait now
13:41
Speaker 7: is going to go through underground pipelines.
13:44
Speaker 2: So he says there in a couple of years, the
13:46
Speaker 2: Strait will basically be irrelevant. I saw a lot of
13:49
Speaker 2: people treat a taking this as a positive sign that
13:51
Speaker 2: the administration is sort of lowering the bar and lowering
13:53
Speaker 2: the expectations of like ah straight over most he even
13:56
Speaker 2: needs that anyway, we could just walk away, it all
13:58
Speaker 2: be fine.
13:59
Speaker 4: What did you make of these comments?
14:01
Speaker 6: Well, I mean that is a positive interpretation of the
14:04
Speaker 6: whole thing. And if the administration is downplaying the importance
14:07
Speaker 6: of the Strait, even though that day is not going
14:10
Speaker 6: to come in two years, it may come in ten years,
14:13
Speaker 6: that is nevertheless a way for them to find an
14:16
Speaker 6: agreement in which they will frankly back down on a
14:20
Speaker 6: lot of the to a lot of the demands that
14:22
Speaker 6: the Vineys are making without making it too big of
14:24
Speaker 6: a deal of it.
14:25
Speaker 5: And to be frank with you, that is perhaps what
14:26
Speaker 5: they need to do.
14:27
Speaker 6: I wrote a piece on myself stack about the fact
14:29
Speaker 6: that there's a conflation here taking place between what actually
14:34
Speaker 6: is the core interest of the United states and what
14:36
Speaker 6: it is a secondary interest. Traditionally, the US interest has
14:41
Speaker 6: may been to make sure that there's a free flow
14:44
Speaker 6: of commerce that is non discriminatory and predictable.
14:47
Speaker 5: That is the core interest.
14:49
Speaker 6: Whoever controls or manages a specific waterway is a secondary interest,
14:55
Speaker 6: and it's only important to the point in which it
14:58
Speaker 6: impacts the.
14:58
Speaker 5: Primary interest, which is the free flow.
15:01
Speaker 6: If you have a deal between Iran and Oman that
15:03
Speaker 6: is endorsed by the US and others that at the
15:05
Speaker 6: end of the day ensures that there is free flow
15:08
Speaker 6: of commerce and it's non discriminatory, even if there's service fees,
15:12
Speaker 6: et cetera. That is the achievement of the core American interest.
15:16
Speaker 6: The issue of control of it is secondary, and because
15:19
Speaker 6: of this conflation, we're now again going to war once
15:22
Speaker 6: more without any positive results in order to achieve a
15:26
Speaker 6: secondary aim, even though the primary aim can be achieved
15:28
Speaker 6: through diplomacy.
15:30
Speaker 1: Very smart, let's put a six on the screen.
15:31
Speaker 3: Curiously reaction, there was some mainstream media kind of speculation
15:35
Speaker 3: about what this means Iran shaking up its security team
15:40
Speaker 3: and appointing a new top security general. The Wall Street
15:44
Speaker 3: Journal and others are saying it's the old Guard, maybe
15:47
Speaker 3: entrenching their power. I know that doesn't necessarily fit entirely
15:51
Speaker 3: with kind of your view of the way the IRGC
15:53
Speaker 3: in the security establishment has reacted, especially after taking so
15:56
Speaker 3: many losses in the thirty nine days of the initial war.
15:59
Speaker 1: What do you make of this elevation?
16:02
Speaker 6: So I just want to say, I think one has
16:03
Speaker 6: to have a tremendous amount of humility and analyzing this
16:06
Speaker 6: because there's so little of the actual processes of the
16:11
Speaker 6: Iranian system right now that is fully known to us.
16:13
Speaker 5: It's always been an opaque system.
16:15
Speaker 6: It's even more opaque now since the war began, since
16:18
Speaker 6: the killing of the previous Supreme Leader. The person who
16:23
Speaker 6: is replaced is old Guard. The person that is coming
16:26
Speaker 6: in is also ald Guard. In fact, they're old friends.
16:29
Speaker 6: So it seems to be a reshuffling that has more
16:32
Speaker 6: to do with internal factions playing against each other rather
16:37
Speaker 6: than necessarily an indication of policy direction. I frankly do
16:42
Speaker 6: not see a tremendous amount of difference between Zoradr and
16:47
Speaker 6: Resilue on these different issues. But it is a person
16:51
Speaker 6: who has played a very critical role in Iran's decision
16:54
Speaker 6: making in the past that was kind of pushed out
16:57
Speaker 6: and has now come back in again. But the person
16:59
Speaker 6: who is replaced is also someone who's had a hand
17:02
Speaker 6: in these things for a very long time. So I
17:04
Speaker 6: think it remains to be fully seen exactly what the
17:07
Speaker 6: policy implication of this will be. What I think is
17:10
Speaker 6: clear is that then when it comes to some of
17:12
Speaker 6: these factional fights, yes, there appears to be a move
17:15
Speaker 6: by this supreme leader that reasserts his control over the process,
17:20
Speaker 6: but that is not necessarily in and of itself an
17:23
Speaker 6: indication of where the policy is heading right now.
17:25
Speaker 7: Got it?
17:26
Speaker 2: Another important element of this war have been the comments
17:31
Speaker 2: of the neocon media class that Trump unfortunately takes seriously
17:36
Speaker 2: and listens to Mark Levin right now, very upset over
17:39
Speaker 2: the lack of eagerness among the American public to fight
17:43
Speaker 2: this disastrous war. Let's say, go listen to that.
17:45
Speaker 1: What the hell has happened to our society?
17:48
Speaker 11: Where is our can do it? Mentality? I want to
17:52
Speaker 11: talk about the Greatest generation versus today's young people. Okay,
17:57
Speaker 11: I got to thinking about this over this Haco debate
18:00
Speaker 11: on the internet. That's how pathetic things have become. The
18:04
Speaker 11: Greatest Generation endured the severe economic scarcity of the Great
18:08
Speaker 11: depression during their youth, followed by massive global combat and
18:13
Speaker 11: home front mobilization During World War Two. Over sixteen million
18:17
Speaker 11: Americans served in the military, facing intense physical day and
18:21
Speaker 11: share hundreds of thousands of casualties, strict civilian rationing of food, gas,
18:26
Speaker 11: and clothing. We sit here with a war in Iran
18:30
Speaker 11: against an enemy that has killed thousands of Americans, main
18:33
Speaker 11: thousands of Americans. I remember a time when America would say,
18:37
Speaker 11: let's go, let's destroy that country, destroy that government. You
18:41
Speaker 11: don't get to kill thousands of our fellow citizens. We
18:44
Speaker 11: don't even have a draft. But did draft even work
18:48
Speaker 11: with young people today? I wonder could we even fight
18:51
Speaker 11: World War two?
18:52
Speaker 7: Today?
18:53
Speaker 1: We're whining about a dollar a gasoline.
18:58
Speaker 11: Well it went up sixty cents. What are we going
19:01
Speaker 11: to do, Mildrid, what are we going to do? I
19:04
Speaker 11: don't know, Frank and one up, I don't know affordability.
19:08
Speaker 2: So true to Mark Levin, there looking for a World
19:11
Speaker 2: War II level mobilization for this war, I think accurately
19:14
Speaker 2: perceiving that's not something that the American public has an
19:16
Speaker 2: appetite for in general. When he's upset, I take that
19:19
Speaker 2: as a positive indicator, though.
19:21
Speaker 5: Oh, totally absolutely.
19:23
Speaker 6: And I think what you're seeing here is the inherent
19:26
Speaker 6: problem you will face when you have started a war
19:29
Speaker 6: of choice. World War two was not a war of choice.
19:33
Speaker 6: These are wars that ultimately was because there was a
19:35
Speaker 6: force out there that was trying to establish global hegemony,
19:38
Speaker 6: and as a result, it was clear to the American
19:40
Speaker 6: people that this was of war that they had to
19:43
Speaker 6: fight to sustain America's own freedom and a global order
19:47
Speaker 6: that would not be under the command of the Nazis.
19:50
Speaker 6: This is again going back to some of the things
19:52
Speaker 6: that have been said earlier on that Trump never tried
19:55
Speaker 6: to sell the war. And it's true, he never did
19:57
Speaker 6: try to sell the war because mainly I thought he
20:00
Speaker 6: he thought that he could have this war over within
20:02
Speaker 6: four years, four days. There was no need for him
20:05
Speaker 6: to sell it. They will be over with before people
20:07
Speaker 6: had even noticed it. But notice this language sell the war.
20:11
Speaker 6: You don't have to sell the war if the war
20:14
Speaker 6: is defensive. If Mexico had invaded Texas, there would be
20:18
Speaker 6: no need for any government in the United States to
20:20
Speaker 6: sell the war to the American public. The American public
20:23
Speaker 6: would be up in arms because they would understand that
20:26
Speaker 6: the country is under attack, and that this is a
20:28
Speaker 6: defensive war. You only need to sell the war when
20:31
Speaker 6: it is a war of choice. When you cannot convince
20:36
Speaker 6: the public of the need to fight a war by
20:38
Speaker 6: them simply just seeing the images or understanding the situation
20:41
Speaker 6: as it is, you have to do something extra to
20:44
Speaker 6: get them to be on board. And thankfully, the American
20:48
Speaker 6: public is now so resistant to these wars of choice,
20:51
Speaker 6: to these unnecessary fantasies of war, that they are resisting
20:55
Speaker 6: and it's making Mark Levin miserable. And that is quite
20:59
Speaker 6: joyful to see. It's always joyful.
21:01
Speaker 3: Last thing we want your reaction to was, I mean,
21:04
Speaker 3: potentially a major announcement. We're still not really sure what
21:06
Speaker 3: to make of it. Let's put a seven here on
21:08
Speaker 3: the screen. Pakistan saying that they have a new defense
21:11
Speaker 3: packed with Saudi Arabia and Turkey.
21:13
Speaker 1: It is quote purely defensive. It is also open to others.
21:17
Speaker 3: The landmark mecha joint defense agreement by MBS, by Erdowan
21:22
Speaker 3: and by the Pakistani prime ministers deepening their security cooperation.
21:27
Speaker 3: It's like some sort of I mean, I wouldn't call
21:30
Speaker 3: it NATO necessarily, we do have a nuclear armpower here
21:32
Speaker 3: offering a security umbrella of a defensive agreement between the two.
21:37
Speaker 3: Not quite sure what to make in the immediate and
21:40
Speaker 3: long term, but I'm curious for your reaction.
21:43
Speaker 6: A lot of speculation going on right now. A lot
21:45
Speaker 6: of folks in Iran are trying to figure out is
21:47
Speaker 6: this aimed at them? A lot of israelis looking at
21:50
Speaker 6: it and thinking is this ultimately going to be a
21:52
Speaker 6: problem for Israel. The bottom line is this, This is
21:56
Speaker 6: the natural reaction, one of many natural reactions that will
21:59
Speaker 6: be merging in the region for the next couple of
22:01
Speaker 6: years as a result of the collapse of the American
22:05
Speaker 6: security umbrella. No one in the region relies will rely
22:09
Speaker 6: solely on the American security umbrella, having seen that it's
22:12
Speaker 6: neither effective nor reliable. So there will be a natural
22:16
Speaker 6: search for other type of constellations in order to be
22:20
Speaker 6: able to make up for that, and it will not
22:22
Speaker 6: be done fully. It will be several different layers and variations,
22:27
Speaker 6: none of them will be as strong as the American
22:30
Speaker 6: security umbrella was perceived to be at least at one point,
22:33
Speaker 6: despite the fact that Pakistan has nuclear weapons. The question
22:36
Speaker 6: is which direction it will go from here. However, if
22:40
Speaker 6: it ends up if the Iranians, for instance, play their
22:42
Speaker 6: cards badly, it could end up becoming a regional constellation
22:47
Speaker 6: with the same aim as the US had for the
22:50
Speaker 6: last four decades, which was to isolate and contain Yvonne.
22:54
Speaker 6: Something that previously was driven by American hegemonic desires would
22:59
Speaker 6: now be driven by regional states and their sense of
23:01
Speaker 6: threat and need. Seeing the rise of Iran right now,
23:05
Speaker 6: but I don't think that is where they intended to go.
23:08
Speaker 6: I think this ultimately is more targeting Israel because the
23:12
Speaker 6: American security on Berlin has not only shown itself to
23:15
Speaker 6: be ineffective visa of Iran, but it's also shown itself
23:18
Speaker 6: to be completely ineffective in protecting these countries from Israeli aggression,
23:22
Speaker 6: from Israel bombing Doha, to America's inability to sustain and
23:28
Speaker 6: know to Israel. When Israel are doing things, They're doing
23:31
Speaker 6: things in the region that are detrimental to the region
23:33
Speaker 6: and detrimental to US interest. This requires some sort of
23:37
Speaker 6: a reaction, some sort of a constellation in the region
23:39
Speaker 6: that manages to put up.
23:41
Speaker 5: Buffer against it.
23:42
Speaker 6: The question, the second question is how credible is it
23:44
Speaker 6: Because all of these different agreements our go only as
23:47
Speaker 6: far as their credibility is willing to take them. Is
23:51
Speaker 6: Pakistan willing to go to war with Iran over an
23:55
Speaker 6: attack on Saudi Arabia. It hasn't so far. Pakistan already
23:59
Speaker 6: has an agreement with Saudi Arabia and it was never
24:03
Speaker 6: actually actualized during this war, and the Sugi themselves say
24:06
Speaker 6: that they ever asked for it to be actualized. But
24:08
Speaker 6: nevertheless it raises questionmers will Turkey do it? I find
24:12
Speaker 6: that very unlikely. My hope is, however, that this does
24:16
Speaker 6: not lead into a direction of some form of block
24:20
Speaker 6: formation in the region, but rather that the region understands
24:24
Speaker 6: that the only way to get out of the security
24:26
Speaker 6: dilemma that all of them are facedwood right now is
24:28
Speaker 6: to move towards an inclusive security arrangement. This may end
24:32
Speaker 6: up becoming an interim step towards that, but if it
24:35
Speaker 6: ends up becoming the end destination, then I fear that
24:38
Speaker 6: it will be another one of these block formations that
24:41
Speaker 6: tend to create more conflicts than it actually resolves. And
24:44
Speaker 6: the idea that this is purely defensive reminds me too
24:46
Speaker 6: much of the way NATO is describing itself, and we
24:49
Speaker 6: know how that went.
24:50
Speaker 3: Yes yes, a lot of parallels between those two.
24:53
Speaker 1: Thank you very much, sir. We appreciate your time.
24:55
Speaker 5: Thank you so much for having.
24:59
Speaker 1: Turning now to the.
25:00
Speaker 3: Economy, which, of course is a lot of consternation for
25:03
Speaker 3: Americans in the White House, predominant reason why the Iran
25:07
Speaker 3: War is so dramatically unpopular. Many of them consumers businesses
25:11
Speaker 3: are reacting to this in various different ways. One of
25:14
Speaker 3: them is a gas station in upstate New York, which
25:17
Speaker 3: is now offering customers the chance to get a twenty
25:20
Speaker 3: percent discount on gas if they dance.
25:23
Speaker 1: For the privilege.
25:25
Speaker 3: What we have here in front of us is being
25:27
Speaker 3: filmed by the clerk. We've got a man here literally
25:29
Speaker 3: dancing for the discount twenty percent off. The gas station
25:33
Speaker 3: says this was just a way to brighten up everybody's day.
25:37
Speaker 3: All I see is just broadcasting humiliation of customers in general,
25:44
Speaker 3: you know, trying to take something which seemed quote unquote
25:46
Speaker 3: cute but reveals something much deeper about our society that
25:49
Speaker 3: people have to dance publicly for the privilege of getting
25:52
Speaker 3: a twenty percent discount.
25:54
Speaker 4: To get the prices that they used to be.
25:57
Speaker 3: Actually, no, it's not even used to be so it's
25:59
Speaker 3: four dollars a gallon. Twenty percent off is roughly year round,
26:02
Speaker 3: like where things were during the ceasefire, and so in
26:06
Speaker 3: terms of what you actually got beforehand, or a round
26:09
Speaker 3: three dollars gallon for before the war actually was launched.
26:13
Speaker 3: I mean, you know, you don't want to make too
26:14
Speaker 3: much out of these things, but it is one of those.
26:17
Speaker 3: The fact that it was written up, it was celebrated,
26:19
Speaker 3: it was seen as cute, like the Washington Post I said, oh,
26:22
Speaker 3: look at this nice little thing. I meanwhile, I'm reacting
26:24
Speaker 3: in like abject horror at this and like forcing people like.
26:27
Speaker 1: One of those is an old woman. I'm not going
26:28
Speaker 1: to make this old woman dance.
26:30
Speaker 4: Make grandmu down for her.
26:32
Speaker 1: God, twenty percent off. This is madness.
26:36
Speaker 3: You know again, these people willingly took part in this,
26:39
Speaker 3: and maybe some of them were just having fun and
26:42
Speaker 3: all of this for give us a discount, want a discount,
26:45
Speaker 3: show us your best dance move, blasting it on their
26:47
Speaker 3: social media.
26:48
Speaker 1: But there's something deeper to be said.
26:50
Speaker 4: Well, that question of is it is it willing?
26:53
Speaker 2: Like right, because you can put someone in a desperate
26:55
Speaker 2: situation and they will do something willingly. That is definitely
26:59
Speaker 2: not without you know, under dress. So anyway, a disturbing,
27:05
Speaker 2: disturbing example of where we are as a society right now.
27:08
Speaker 4: You can make of that what you will.
27:10
Speaker 2: We had some administration officials on the Sunday shows over
27:14
Speaker 2: the weekend trying to make the case that.
27:15
Speaker 4: Actually the economy is just fine, no problem.
27:18
Speaker 2: No big deal, even after we got a shockingly bad
27:20
Speaker 2: jobs report on Friday that we covered on the Friday Show,
27:23
Speaker 2: where you actually we actually lost jobs that was not
27:27
Speaker 2: expected and previous months were also revised downwards. Let's go
27:32
Speaker 2: ahead and take a listen to how Kevin Hassett is
27:34
Speaker 2: spinning this.
27:35
Speaker 12: The economy, according to BLS, lost twenty three thousand jobs
27:40
Speaker 12: in July, when economists were expecting in ninety five thousand
27:44
Speaker 12: job gain the job creation you boasted about for the
27:47
Speaker 12: previous two months. Unfortunately, those numbers were also sharply revised
27:51
Speaker 12: down It turns out one hundred thousand jobs were not
27:53
Speaker 12: created in May and June. You said in June that
27:55
Speaker 12: this was quote the strongest job market in your lifetime
27:58
Speaker 12: by what metric?
28:00
Speaker 7: Yeah.
28:00
Speaker 13: I think one of the things we're seeing is that
28:02
Speaker 13: these jobs numbers are getting revised left and right. You
28:04
Speaker 13: can remember over the last couple of years there were
28:06
Speaker 13: millions of revisions, and the bottom line is that if
28:09
Speaker 13: you look at the overall economy, then things are really
28:12
Speaker 13: really booming. As an example, there are eighty three thousand
28:16
Speaker 13: construction workers building factories right now. That's a number that
28:19
Speaker 13: we've never seen before. Initial claims for unemployment insurance are
28:22
Speaker 13: the lowest they've been since World War Two. There are
28:24
Speaker 13: more job openings than there are unemployed workers, and so
28:27
Speaker 13: there are all these things that suggested the numbers should
28:29
Speaker 13: have been really strong, and when it didn't come out strong,
28:31
Speaker 13: we sort of dug in and we saw that the
28:33
Speaker 13: two things that made it negative. One of them was
28:36
Speaker 13: a reduction in government workers, and it was mostly teachers
28:40
Speaker 13: it states, you know, taking July off. And the other
28:43
Speaker 13: thing was that the FIFA ended and so that we
28:46
Speaker 13: had a whole bunch of hospitality workers, you know, file
28:49
Speaker 13: for unemployment in July. And so anyway, so you take
28:53
Speaker 13: those two out and you get back to what the
28:54
Speaker 13: consensus nuver was about one hundred thousand job creation.
28:57
Speaker 12: There have been job losses for six out of the
29:00
Speaker 12: eighteen full months of President Trump's second term. That's a
29:04
Speaker 12: third of them, and the Trump administration has only added
29:08
Speaker 12: five hundred and forty eight thousand net jobs so far,
29:11
Speaker 12: which is considered very slow growth. It's growth, but very slow.
29:15
Speaker 12: Two million jobs were created in the last eighteen months
29:18
Speaker 12: of Biden's presidency. Are you really arguing that your numbers
29:22
Speaker 12: are better than that?
29:23
Speaker 13: Well, I disagree with your number. We'll have to follow
29:25
Speaker 13: up on email. But you know, I just looked at
29:27
Speaker 13: the latest number.
29:28
Speaker 4: I have to follow up by email. Soccer. We'll get
29:31
Speaker 4: back to you on that one. Yeah, I don't really
29:32
Speaker 4: have a response.
29:33
Speaker 3: Let's actually look at the truth this whole like, oh,
29:35
Speaker 3: it's just FIFA ended in the hospitality. No, all right,
29:38
Speaker 3: let's put B four up here on the screen. When
29:41
Speaker 3: you actually dig into the job support. Heather Long always
29:44
Speaker 3: rely on her.
29:44
Speaker 1: She's great. She talks about this key takeaway. It's a
29:47
Speaker 1: bleak job support.
29:48
Speaker 3: The US labor market is stalling again and is going
29:51
Speaker 3: to make the federal reserves job harder and life for
29:53
Speaker 3: job secrets rough. The big surprise was job losses in July,
29:57
Speaker 3: but that was only the beginning of the bad news.
30:00
Speaker 3: The unemployment rate fell for the wrong reasons because people
30:03
Speaker 3: continue to leave the labor force. Labor force participation is
30:07
Speaker 3: now at the lowest level since February of twenty twenty one.
30:11
Speaker 3: Even worse is that wage growth is now cool to
30:13
Speaker 3: a mere three point two percent, which is the lowest
30:15
Speaker 3: level in five years. This is not what workers need,
30:18
Speaker 3: as inflation soares. Again, healthcare is the main industry hiring. Again,
30:22
Speaker 3: that is not helpful for the economy. I always try
30:25
Speaker 3: to emphasize this to people. To the extent that our
30:28
Speaker 3: GDP is growing, it is because of AI. But to
30:31
Speaker 3: the expct that the job market is ever growing, it's
30:33
Speaker 3: only because of healthcare. And these are not I'm not
30:35
Speaker 3: talking about doctors and nurses, which are great occupation. I'm
30:38
Speaker 3: talking about like home healthcare aids, like very low paid
30:41
Speaker 3: wag you know, low paid labor, no protection, not a
30:45
Speaker 3: particularly high wage.
30:46
Speaker 1: It's grimy work.
30:47
Speaker 3: That's why a lot of it is full of like
30:49
Speaker 3: you know, like immigrants from like the third world countries.
30:52
Speaker 3: Like it is not an educated or profession that you
30:55
Speaker 3: necessarily want to be employed in, or that's one segment
30:59
Speaker 3: of it. It's insurance, like middlemen people who are working
31:02
Speaker 3: in call centers.
31:03
Speaker 1: So that is not a job growth.
31:06
Speaker 3: Engine that you want to see in our economy. And actually,
31:09
Speaker 3: again just to emphasize this was one of the worst
31:13
Speaker 3: impacts of the Great Recession, was a huge number of
31:16
Speaker 3: people in eight who got laid off and there just
31:18
Speaker 3: said I'm done, can't find a job anymore. So when
31:21
Speaker 3: you drop out of the labor market, and especially when
31:23
Speaker 3: you're not looking for work for over six months, bad
31:25
Speaker 3: things happen. We all know this, drug addiction, homelessness, welfare.
31:29
Speaker 3: I mean, it's bad for society, especially whenever you're of
31:32
Speaker 3: prime working age. And then her point there about wage
31:35
Speaker 3: growth is that there's no incentive right now to you know, well,
31:39
Speaker 3: there should be an incentive, but like there's not as
31:41
Speaker 3: much of an incentive to work or to pursue these
31:44
Speaker 3: wages when inflation remains where it is, like if it's
31:47
Speaker 3: not going to keep up with inflation. And on top
31:50
Speaker 3: of that, in overall housing market, I was just reading
31:52
Speaker 3: this morning, maybe we'll cover it tomorrow, there are now
31:54
Speaker 3: more younger people who are living at home, or there
31:57
Speaker 3: are now the same number of younger people who are
31:58
Speaker 3: living at home. Then during during the pandemic, what does
32:02
Speaker 3: that mean in terms of our economic structure. I mean,
32:05
Speaker 3: to me, that's very obvious housing crisis is rent is high,
32:08
Speaker 3: mortgage is high. Twenty six twenty seven year olds are
32:11
Speaker 3: living at home voluntarily choosing to come back because they
32:14
Speaker 3: don't have another choice. It could be a smart decision
32:17
Speaker 3: if you're able to, you know, structure it that way.
32:19
Speaker 3: Most people don't want to do that. And I think
32:21
Speaker 3: that's all evident right now in a lot of this day,
32:23
Speaker 3: in a lot of this data.
32:25
Speaker 2: Yeah, I mean things are so dire now that zoomers
32:27
Speaker 2: are looking at the economy that millennials graduated into with jealousy,
32:31
Speaker 2: like wait, what.
32:32
Speaker 4: Did your toullly burrito cost? Like what did your grocerys cost?
32:35
Speaker 4: And you want to talk about how hard you had
32:37
Speaker 4: it get out of here?
32:38
Speaker 2: What was the housing price at that time? What were
32:40
Speaker 2: you paying in rent? And there's a point? Or what
32:42
Speaker 2: did your college education cost?
32:44
Speaker 4: Even?
32:44
Speaker 2: I mean it was way too expensive at that time,
32:47
Speaker 2: and now it's just impossible. So it's no surprise to
32:49
Speaker 2: make a political point that millennials and zoomers are coalescing
32:52
Speaker 2: on a very similar politics. And are you know the
32:55
Speaker 2: real engine pushing forward candidates like Zoron Mumdani or Abdul
32:59
Speaker 2: Alsayat or Cheskahung or others across the country. In any case,
33:03
Speaker 2: they go back to the economic piece of this. You know,
33:06
Speaker 2: there was a lot of previously, there's a lot of
33:09
Speaker 2: cope about oh, but it's you know, because of all
33:11
Speaker 2: of the immigration crackdown, and so when you have job losses,
33:14
Speaker 2: it's because you know, all these immigrants are leaving and
33:17
Speaker 2: there is still a component of that here. But now
33:19
Speaker 2: you've got native born workers also losing jobs. You can
33:23
Speaker 2: see the not just boomers retiring, but you can look
33:26
Speaker 2: at the prime age labor force participation that is also
33:29
Speaker 2: going down, and that is a sign of a very
33:32
Speaker 2: unhealthy labor market where people just get dispirited and stop
33:35
Speaker 2: trying because of inflation. Because you know, the types of
33:38
Speaker 2: jobs that are being created are, to Sober's point, low paid,
33:41
Speaker 2: very difficult work like home health care, aids, et cetera.
33:45
Speaker 2: So you know, that is the landscape that we are facing.
33:47
Speaker 2: But you know, Fox News hosts will try to put
33:49
Speaker 2: their their best spin on it. We've got Maria Bartiromo
33:53
Speaker 2: here giving her best try to say that actually things
33:56
Speaker 2: are going great, don't worry about it.
33:58
Speaker 9: So Maria, let me pick up on this past jobs
34:01
Speaker 9: report quickly and get your assessment on the fact that
34:03
Speaker 9: you know, President Trump is constantly talking about record markets.
34:07
Speaker 9: You mentioned they're rising wages and what we are still
34:11
Speaker 9: seeing fewer layoffs. But yet this week, already we're going
34:15
Speaker 9: to be hearing from Democrats about how horrible the economy is.
34:19
Speaker 14: That's just propaganda. I mean, look, things are going well,
34:23
Speaker 14: and I think we all feel it, right griff. I mean,
34:25
Speaker 14: look at where we are right now. You've got job creation,
34:28
Speaker 14: you've got economic growth, You've got eighteen trillion dollars of
34:31
Speaker 14: new investment. The President's main priority has been to put
34:35
Speaker 14: America first and get the supply chains back to America
34:38
Speaker 14: so that we're not reliant on you know, Asia for
34:41
Speaker 14: semiconductor chips, which we need for defense, or you know
34:44
Speaker 14: China for pharmaceutical components, and so that in and of
34:49
Speaker 14: itself is such a positive for the economy and for growth.
34:53
Speaker 14: So really, everyone's going to say what they want to
34:56
Speaker 14: say in a campaign season, and I expect the campaign
34:58
Speaker 14: season is, you know, ramping up right now. But when
35:01
Speaker 14: you actually look at what's going on, things feel pretty good.
35:04
Speaker 14: I've spoken with a number of CEOs who tell me
35:06
Speaker 14: that business is up strongly, and it has to do partly.
35:11
Speaker 14: It has to do probably with the Big Beautiful Bill. Okay,
35:13
Speaker 14: I mean, look, we'repensing options, yes, so.
35:16
Speaker 4: Why no worries? So why I hear you?
35:18
Speaker 14: And that's all great news and that's what Americans need
35:20
Speaker 14: to hear. But then what are you thinks leading to
35:22
Speaker 14: the disconnect and maybe some voters and Americans not fueling
35:27
Speaker 14: that way.
35:27
Speaker 3: So why is that?
35:28
Speaker 4: Do you think?
35:29
Speaker 14: I think I think it's messaging, I really do. I mean,
35:31
Speaker 14: the Republicans need to do a better job in telling
35:33
Speaker 14: their story, in communicating what the Big Beautiful Bill has
35:37
Speaker 14: done for earnings.
35:38
Speaker 4: Oh amazing, Just a messaging problem.
35:40
Speaker 2: It's all propaganda that things aren't going well.
35:44
Speaker 4: Soccer.
35:44
Speaker 2: Maybe you have some insights into how we're doing on
35:46
Speaker 2: some of the metrics she's laying out of bringing supply
35:48
Speaker 2: chain's home may home, making sure that we're more self sufficient,
35:52
Speaker 2: you know, rare mineral semiconductors, all of this.
35:54
Speaker 4: How's that's going?
35:55
Speaker 3: Yeah? I literally just came across my radar today. There's
35:58
Speaker 3: a new story about batteries. This is a classic like
36:01
Speaker 3: Trump administration story. So we have obviously batteries booming business
36:04
Speaker 3: here in the US, not just for data centers but
36:07
Speaker 3: for electric vehicles. Great, so of course batteries have a
36:10
Speaker 3: life cycle. They have to be recycled. Recycling the batteries
36:13
Speaker 3: how you extend the life There's a ton of critical
36:15
Speaker 3: rare earth minerals inside of them, specifically tungsten.
36:18
Speaker 1: It's the one thing.
36:19
Speaker 3: You don't want it to be sent back to China
36:20
Speaker 3: to be recycled in Asia, so you want to keep
36:22
Speaker 3: it here. So the Trump administration said, nope, you can
36:24
Speaker 3: no longer like let any of this stuff leave the
36:29
Speaker 3: recyclable materials called black mass. Well, the problem is is
36:32
Speaker 3: that there's nowhere to recycle it here, so it's just
36:34
Speaker 3: going to rot. Actually, and so we have no companies.
36:37
Speaker 3: They're all in the startup phase to be able to
36:39
Speaker 3: recycle any of this. So not only can we not
36:41
Speaker 3: send it back to China, Japan, soft Career or whatever
36:44
Speaker 3: to recycle and then send it back here actually make
36:45
Speaker 3: it useful, we just don't even have that capacity. But
36:48
Speaker 3: the Trump administration can hail that and say, hey, look
36:50
Speaker 3: we've restricted this, so we're not going to lose any
36:52
Speaker 3: of the minerals, but you have to recycle it to
36:54
Speaker 3: be able to use it, and so you can't use it.
36:56
Speaker 1: Right.
36:56
Speaker 3: This is a very small story, but these are the
36:58
Speaker 3: type of things when you compound together, what do we have,
37:01
Speaker 3: what do we have the ability domestic manufacturing down in
37:04
Speaker 3: terms of our build out, it's all for AI. I
37:07
Speaker 3: mean even in terms of our new energy buildout. I
37:09
Speaker 3: was just reading today Amazon is going to build one
37:12
Speaker 3: of the most historic natural gas power plans in Texas.
37:16
Speaker 1: Cool more energy, love it.
37:17
Speaker 3: It's all for the data center, right, And it's all
37:20
Speaker 3: purely for the data center. It's not actually any real
37:23
Speaker 3: evidence that it will be able to be able to
37:25
Speaker 3: power the actual homes that are on there. Texas grid
37:29
Speaker 3: is already understrained, so much so their own governor just
37:32
Speaker 3: decided to put a data center moratorium.
37:34
Speaker 1: Not some leftists.
37:36
Speaker 3: The governor of Texas, who can look at their singular grid,
37:39
Speaker 3: which has its own problems, is like, we cannot handle
37:42
Speaker 3: this right now, right, And this is about water and
37:44
Speaker 3: electricity use in addition to a lot of the land
37:47
Speaker 3: use stuff. So that's the problem is like do we
37:49
Speaker 3: have manufacturing, sure, but we do not have it at
37:52
Speaker 3: a level that any of us are feeling the benefits.
37:55
Speaker 3: It's all just going to this AI capex spand which
37:58
Speaker 3: is fine for electricians and few other trades. Yeah, you
38:01
Speaker 3: know that gets dispersed, but is it's not you know,
38:04
Speaker 3: generally available to people, and especially with wages.
38:07
Speaker 1: That's my last thing.
38:08
Speaker 3: Let's put B four up here on the screen. This
38:10
Speaker 3: is about inflation wiping out wage gains. You could see
38:13
Speaker 3: it right there. I mean literally, the orange line is
38:15
Speaker 3: CPI inflation and the blue line, if you're watching this
38:18
Speaker 3: is wage growth. So CPI inflation because of the Iran war,
38:22
Speaker 3: has now jumped up so high it's wiped out any
38:26
Speaker 3: of the wage growth, which means, you know, your purchasing
38:28
Speaker 3: power is now gone down. In addition to very very
38:32
Speaker 3: high prices which have been dramatic ever since the outbreak
38:35
Speaker 3: of COVID. I just think the American consumer has been
38:38
Speaker 3: hammered twice. COVID was a total disaster, and now gas
38:41
Speaker 3: prices which today I just looked four dollars a gallon
38:45
Speaker 3: on average. That seems to be the status quo. Because
38:48
Speaker 3: I was reading in the Wall Street Journal, we didn't
38:50
Speaker 3: get to this with Trita, that the Trump administration seems
38:53
Speaker 3: to think that they can live in this this status
38:56
Speaker 3: quote with Iran, This like we're you know, no war,
38:59
Speaker 3: no peace because gas is quote only four dollars a gallon,
39:02
Speaker 3: which we both know is just so devastating, not just
39:05
Speaker 3: for the inputs of everything that needs to be trucked, etc.
39:09
Speaker 3: Like all that, but really it just just eats away
39:13
Speaker 3: at any of the disposable income that people have. And
39:15
Speaker 3: it's about to get cold. So when it get cold,
39:17
Speaker 3: demanded all that stuff, it's going to go up hurricane season.
39:19
Speaker 3: That's all you need, and then next thing you are
39:21
Speaker 3: looking five dollars.
39:22
Speaker 2: I just also want to point out on this manufacturing piece,
39:25
Speaker 2: because this has been such a core of Trump's rhetoric
39:28
Speaker 2: about who he is and what he's going to do economically,
39:30
Speaker 2: et cetera. There was actually US manufacturing growth during the
39:35
Speaker 2: Biden administration in a way that we hadn't seen in years,
39:37
Speaker 2: and it was as a result of the bills that
39:40
Speaker 2: they were able to pass, which were not working super fast,
39:44
Speaker 2: but they were actually overcoming the long term trends such
39:47
Speaker 2: that after the COVID recession, you actually had added more
39:51
Speaker 2: manufacturing jobs than had been lost. That is the first
39:53
Speaker 2: time that's happened in our lifetime in the modern era. Typically,
39:57
Speaker 2: what has happened is there's a recession, there's a big
39:59
Speaker 2: job losses, and those manufacturing jobs never come back because
40:03
Speaker 2: of Trump's policies, both undercutting the Chips Act and the
40:07
Speaker 2: tariff policies have been counterproductive. So that positive trend has
40:10
Speaker 2: now reversed. So even on this core thing that she's
40:13
Speaker 2: trying to point to, all the manufacturing jobs are coming back, Kevin,
40:16
Speaker 2: has it also all these manufacturing jobs, etc.
40:18
Speaker 4: That's just not true.
40:20
Speaker 2: There's, yes, there's some data center jobs, some short term
40:23
Speaker 2: construction data center jobs, and the vast majority of our
40:27
Speaker 2: GDP growth, by the way, comes from AI capex spend.
40:31
Speaker 4: I was just looking at that this morning.
40:32
Speaker 2: But in terms of actually bringing back manufacturing, returning these
40:36
Speaker 2: supply lines, recreating these solid blue collar, oftentimes union well
40:42
Speaker 2: paid jobs, they have gone in the polar opposite direction
40:45
Speaker 2: over the course of this administration. And of course everything
40:47
Speaker 2: just made so much worse by the choice to get
40:50
Speaker 2: us involved in the Iran war.
40:51
Speaker 1: Right exactly.
40:52
Speaker 3: Iran kind of poured gasoline on the fire. But this
40:55
Speaker 3: stuff was all there. You can actually see it, even
40:57
Speaker 3: going back and yeah, I mean even build back better
41:00
Speaker 3: and all that. I have my immense criticisms of the
41:02
Speaker 3: way that it was laid out. But the thing is is, like,
41:05
Speaker 3: to me, it wasn't even nearly enough. Like we were
41:07
Speaker 3: talking about the ev America chart. If you drive an
41:10
Speaker 3: electric vehicle, you'll see some of these things that they're
41:12
Speaker 3: pitally don't work.
41:13
Speaker 1: They're not there.
41:14
Speaker 3: And that was just the bid that was with what
41:16
Speaker 3: the Biden people had spent. If we wanted more like
41:18
Speaker 3: it would take immense amounts of investment. And that's what
41:22
Speaker 3: what's tragic to me is no one even proposes it anymore.
41:26
Speaker 3: Like electricity and all that remains actually quite high.
41:29
Speaker 1: In my opinion.
41:29
Speaker 3: If you look at especially consumption in Virginia where we live,
41:33
Speaker 3: forty percent of our powers literally going to data centers.
41:36
Speaker 3: Beyond insane Oregon I think is around thirty three percent.
41:40
Speaker 3: So you've got relatively high consumer electric price, but you
41:43
Speaker 3: have no genuine incentive to build out everywhere. Again, China
41:47
Speaker 3: does not care about data centers or you know, build
41:50
Speaker 3: or anything because they have so much power now, a
41:52
Speaker 3: lot of their powers, you know, filthily generated, that's true,
41:56
Speaker 3: but you know here we.
41:57
Speaker 4: Have got renewable community.
42:00
Speaker 3: In ten years, they will not have the same problem
42:02
Speaker 3: as to where they are with coal and oil and
42:04
Speaker 3: all of that, et cetera.
42:05
Speaker 5: But you know, in.
42:06
Speaker 3: Today's society, they have a bargain with the with their
42:09
Speaker 3: whole society for a billion something people, electricity is quite cheap,
42:12
Speaker 3: you know, and just imagine what you can build on
42:15
Speaker 3: top of that, and if you invest for the future.
42:17
Speaker 3: We just we don't have that right now. And that's
42:19
Speaker 3: how you get this private data center, you know, build
42:22
Speaker 3: out the labor force participation rate where it is, and
42:24
Speaker 3: just everybody knows, like the malaise of our societies, like
42:27
Speaker 3: when young people who previously had the dream of being
42:30
Speaker 3: able to go rent relatively cheap place like you're saying
42:32
Speaker 3: with the millennials, who we thought we had it bad,
42:34
Speaker 3: that just doesn't you know. I was looking at median
42:36
Speaker 3: rent and all of that in San Francisco, which of
42:38
Speaker 3: course is now why are you talking about thousands of dollars?
42:40
Speaker 3: Like people are competing for five thousand dollars a month
42:43
Speaker 3: in rent one place. Five grand a month is a
42:45
Speaker 3: studio apartment, got thirty two different applications.
42:48
Speaker 1: I don't even know how you can live like that.
42:50
Speaker 3: That's sixty grand a year that you're throwing away and
42:52
Speaker 3: it's not exactly like you could buy it either, because
42:54
Speaker 3: it's a.
42:54
Speaker 1: Three point five million dollar town home.
42:56
Speaker 3: That's that's that's one, you know, obviously one major outlier city,
43:00
Speaker 3: but it is unless you're living in Austin or Houston.
43:03
Speaker 4: Austin it's gone up a lot too.
43:04
Speaker 3: Well, Austin ren has gone down by about twenty percent
43:06
Speaker 3: from the peak, but it is still high compared to
43:08
Speaker 3: where it was previously. But I mean, you're still better
43:10
Speaker 3: off bang for your buck in Austin Houston. I was
43:12
Speaker 3: just looking today about Dallas is one of the only
43:15
Speaker 3: places where it's called y'all street like financing.
43:18
Speaker 1: Financial jobs are going up there.
43:20
Speaker 3: But unless you're live in there, like in a place
43:21
Speaker 3: that's heavily deregulated on housing, your experience is going to
43:25
Speaker 3: look a lot more like San Francisco than it is
43:27
Speaker 3: like anything in Austin and Houston, and even Austin and
43:29
Speaker 3: Houston having been from the area, it is cheaper relative,
43:33
Speaker 3: you know, in the national market. But a lot of
43:34
Speaker 3: people there are already upset because compared to where things were,
43:37
Speaker 3: let's say, ten years ago, certainly for them, it's gone
43:40
Speaker 3: up much higher. Overall, it's just a bad bad situation. Okay,
43:43
Speaker 3: let's get to Israel.
43:46
Speaker 2: So recently Trump announced with great fanfare that there was
43:50
Speaker 2: a meal new deal that was struck to enable Hamas disarmament. Well,
43:55
Speaker 2: Benjamin naw who is now shot that down completely. Let's
43:58
Speaker 2: put this up on the screen. From the Washington Post.
44:00
Speaker 2: Natanaho rejects Trump backed Gaza plan for Hamas disarmament and
44:04
Speaker 2: Israeli withdrawal a region A little but here. Israeli Prime
44:07
Speaker 2: Minister Benjamin Netanyaho rejected that US back plan on Sunday
44:11
Speaker 2: for Hamas to lay down their weapons in Gaza in
44:13
Speaker 2: exchange for Israeli withdrawal from the territory, a proposal Donald
44:17
Speaker 2: Trump recently touted as a breakthrough toward ending the conflict there. Netnahu,
44:21
Speaker 2: at the start of the government meeting, said that Israel
44:24
Speaker 2: does not accept the fifteen point document. Hamas, in a statement,
44:28
Speaker 2: reaffirmed its own commitment to the plan, a degreed on
44:30
Speaker 2: with the Board of Peace, which was created by Trump,
44:32
Speaker 2: called on parties to help ensure its implementation. The White House,
44:35
Speaker 2: when asked for comment, referred the Washington Post to the
44:37
Speaker 2: Board of Peace, which did not immediately respond that dismissal
44:42
Speaker 2: is the latest apparent setback for Trump's effort to end
44:46
Speaker 2: Middle East conflicts. Some of the requirements here for Israel
44:50
Speaker 2: included withdrawing US forces from the region. Oh, I'm sorry,
44:53
Speaker 2: that's the Iranian requirements for the US in the other
44:56
Speaker 2: conflicts that we're involved in here. But in any case,
44:59
Speaker 2: part of this deal, which was, you know, the next
45:01
Speaker 2: phase of the quote unquote Gaza peace plan, was that
45:05
Speaker 2: Israel was going to.
45:06
Speaker 4: Have to withdraw from Gaza.
45:07
Speaker 2: That that was going to have to happen before Hamas
45:10
Speaker 2: laid down their arms. They've been signaling for a long
45:12
Speaker 2: time that they were open to doing so, that they
45:15
Speaker 2: did not even want to be in control of governance
45:18
Speaker 2: within Gaza. That was not a sticking point, and so
45:20
Speaker 2: they kind of had placed this bet of, you know,
45:23
Speaker 2: expecting that Israel was likely to reject these terms and
45:27
Speaker 2: move forward in good faith with this deal, and now
45:31
Speaker 2: we have the predicted outcome here, especially with Natanyahu sort
45:34
Speaker 2: of under a lot of political pressure heading into his
45:36
Speaker 2: own election.
45:37
Speaker 7: Right.
45:37
Speaker 3: Well, that's a very good point, I do think though
45:39
Speaker 3: it still bears a lot of a lot of importance
45:43
Speaker 3: that you can look at, especially if you're Iran, because
45:46
Speaker 3: Iran now has multiple examples of so called you know,
45:50
Speaker 3: deals that Trump has struck since the conflict with them
45:54
Speaker 3: has begun. So obviously they have their own experience with
45:57
Speaker 3: the MoU but then they have to look abroad. You
45:59
Speaker 3: had the entire or fall apart of the civilian nuclear
46:02
Speaker 3: deal with Saudi Arabia that went apart like this when
46:04
Speaker 3: Trump just changed the negotiated you know, to change the
46:07
Speaker 3: terms of the deal at the very last minute. But
46:09
Speaker 3: this is honestly an even more important one because Trump
46:12
Speaker 3: tried to go around and you know, the United Nations
46:14
Speaker 3: or any sort of you know, any sort of existing
46:18
Speaker 3: international structure. He got all these Middle Eastern countries and
46:20
Speaker 3: kind of bullied them into joining this board of Piece,
46:23
Speaker 3: paying all of this kind of money board of piece. Israel,
46:27
Speaker 3: you know, a seeds to the Board of Piece, says yes,
46:29
Speaker 3: we're going to have this grand piece deal and all that,
46:32
Speaker 3: and just to remind people, let's put C three up
46:34
Speaker 3: there on the screen. This is you know, fundamentally like
46:37
Speaker 3: what it said. What it said is that Hamas had
46:39
Speaker 3: agreed to the terms of set deal where they were
46:42
Speaker 3: going to disarm and surrender its weapons and stages. Israel
46:46
Speaker 3: would then obviously have to withdraw its forces over a
46:48
Speaker 3: period of time. They did not even specify what that
46:50
Speaker 3: period of time was. And all of this had signatories
46:54
Speaker 3: and mediators from Egypt, Guitar, Turkey, and of course the
46:57
Speaker 3: United States, which the Board of Piece is like that,
46:59
Speaker 3: what is it?
46:59
Speaker 1: Trump is like the president for life.
47:01
Speaker 3: Trump had even called it the Historic Agreement for the
47:04
Speaker 3: complete Disarmament of Hamas. So you could not describe it
47:07
Speaker 3: as anything but an extremely pro Israeli deal.
47:09
Speaker 1: There's no UN enforcement, none of that.
47:12
Speaker 3: There's regional buy in, kind of this extra judicial you know,
47:16
Speaker 3: League of Nations type thing that Trump was trying to do.
47:19
Speaker 3: But then fundamentally when it push cames to shove, Netaannah,
47:22
Speaker 3: Who's like, I can't sign this because at the end
47:24
Speaker 3: of the day, my society wants me to stay there.
47:26
Speaker 1: They don't want me to stay there.
47:27
Speaker 3: They want to colonize, recolonize the entire thing, which is
47:30
Speaker 3: the truth of this. And as you pointed out, this
47:33
Speaker 3: kind of puts.
47:34
Speaker 1: It all together.
47:34
Speaker 3: Let's put ce two up here on the screen. Is
47:37
Speaker 3: that Netanyahu's main opponent, Eisenkott, has now suggested that the
47:42
Speaker 3: US back disarmament deal left Hamas in power. So he
47:46
Speaker 3: is saying, you know, attacking Natanyah. What isn't he allegedly
47:49
Speaker 3: like from.
47:49
Speaker 2: The left or yeah, here Gatti Eisencott is the primary
47:53
Speaker 2: opposition figure against Natna who in these elections that are upcoming,
47:57
Speaker 2: he is held down as a more liberal Israeli politician.
48:02
Speaker 2: This guy is you know, former high up in the IDF.
48:05
Speaker 2: He is the author of the Dahia doctrine. Not a
48:09
Speaker 2: moderate figure in any regard, but maybe a little bit
48:13
Speaker 2: more committed to the you know, apartheid style democracy that
48:17
Speaker 2: they have in Israel. So he's held up as this
48:19
Speaker 2: liberal savior. But you can see here from his comments
48:22
Speaker 2: he agrees with the Natanyahu that no, we will never
48:25
Speaker 2: withdraw from Gaza. This is not possible, this is not
48:28
Speaker 2: on the table. And in that he also agrees with
48:31
Speaker 2: Bezaliel Smotrich, who said in a video on Twitter, there
48:34
Speaker 2: is no Hamas in Gaza.
48:35
Speaker 4: That's the goal of the war. We are committed to it.
48:37
Speaker 2: The IDF cannot withdraw a single millimeter from the Gaza
48:39
Speaker 2: strip prior to the disarmament of Hamas. And Natnahu also said,
48:44
Speaker 2: just so everybody's clear that he as long as I
48:47
Speaker 2: am Prime Minister, a Palestinian state will not be established,
48:50
Speaker 2: which is reiterating something he has long said and stood by.
48:53
Speaker 2: So you can see that whether it's the quote unquote
48:57
Speaker 2: left in Israel or net Yahoo and his you know
49:01
Speaker 2: government which includes these outright terrorist fascists like Smoe Church
49:05
Speaker 2: and Benevie, they are all aligned in finding it unacceptable
49:09
Speaker 2: for them to withdraw at all from Gaza, and in
49:11
Speaker 2: fact what they have promised is to take over more
49:13
Speaker 2: and more of Gaza. And by the way, while this
49:15
Speaker 2: is all going, this ceasefire is in place, there has
49:19
Speaker 2: continued to be mass slaughter in the Gaza strip. They
49:22
Speaker 2: have since the ceasefire has been put in place, they
49:25
Speaker 2: have killed more people in Gaza than was killed on
49:28
Speaker 2: October seventh by Hamas So in that pace seems to
49:32
Speaker 2: be escalating too, by the way, which is a very
49:35
Speaker 2: very troubling trend. We can put C four up on
49:38
Speaker 2: the screen headline here. As the Board of Peace Cause
49:41
Speaker 2: plays diplomacy, Israel once again ramps up killing in Gaza.
49:44
Speaker 2: I think Ryan mentioned some of this when you guys
49:47
Speaker 2: were doing the show on Thursday. Just absolute horrifying things,
49:51
Speaker 2: you know, a fetus that's laid out on the ground
49:55
Speaker 2: after the mother is murdered, a wedding tent that is
49:59
Speaker 2: blown up with the groom to be inside, mass civilian casualties.
50:04
Speaker 2: And again the trend line is that this is increasing
50:07
Speaker 2: because as Trump stops paying attention, which he can always
50:11
Speaker 2: be counted on to lose interest and turn to other things.
50:14
Speaker 4: He's already bored with the Iran War.
50:15
Speaker 2: Two that they're able to get away with more and
50:18
Speaker 2: more and more, so you know, all of Gaza is
50:21
Speaker 2: effectively rubble. They're living in miserable conditions. There were also
50:25
Speaker 2: strikes on some medical supply tent, so basic medical supplies
50:30
Speaker 2: that are needed in mass quantities in the Gaza Strip
50:32
Speaker 2: because you have so many sick and injured people.
50:35
Speaker 4: That was also destroyed.
50:37
Speaker 2: And meanwhile they keep encroaching further and further into this territory.
50:40
Speaker 2: So no, they don't have any intention of moving forward
50:43
Speaker 2: with any sort of deal with regard to the Gaza Strip.
50:47
Speaker 2: And Trump, of course, if he wanted to and wanted
50:51
Speaker 2: to avoid the effective humiliation of him, that this entails
50:54
Speaker 2: because Israel's just basically saying, no, we're not going to
50:56
Speaker 2: play ball here. I don't care that there was some
50:58
Speaker 2: agreement that was made or that this was how things
51:01
Speaker 2: were supposed to proceed when we agreed to the ceasefire.
51:05
Speaker 2: He could certainly compel them to actually have to hold
51:08
Speaker 2: up their end of the deal, but he showed zero
51:10
Speaker 2: interester willingness to do that.
51:11
Speaker 3: Well, I think it's important for that reason again, is
51:13
Speaker 3: that you have Lebanon, which is also happening at this moment.
51:16
Speaker 3: Let's see four up here. So while they're killing people
51:19
Speaker 3: in Gaza, they're also killing a lot of people in Lebanon.
51:22
Speaker 3: And remember, Lebanon is one of the main reasons why
51:24
Speaker 3: we don't have any ceasefire or peace deal between the
51:28
Speaker 3: United States and Iran. I really believe it is Israel
51:30
Speaker 3: and Lebanon was not party to the conflict that this thing,
51:33
Speaker 3: I wouldn't say be over, but would be much closer
51:36
Speaker 3: to being over than it is today. Remember, Iran has
51:39
Speaker 3: now said not only Lebanon will be included in some
51:42
Speaker 3: sort of a restarting negotiations. Lebanon, Yemen, Iraq, and Gaza
51:47
Speaker 3: all need to be included. Are they serious about that,
51:50
Speaker 3: I don't know, but they were serious about it for sure.
51:52
Speaker 4: I think they probably are serious about it. It might be.
51:54
Speaker 3: I certainly think so, because at this point they're trying
51:56
Speaker 3: to flex their power, because they're trying to show Professor
51:58
Speaker 3: Pape obviously his framework so useful. Here is you have Iran,
52:02
Speaker 3: which was a rump economy with no control over the
52:05
Speaker 3: straight of horror moves after the war, controls the straight
52:08
Speaker 3: of horror moves, has the ability to compel is really
52:11
Speaker 3: in US diplomatic power in Lebanon, has the ability to
52:15
Speaker 3: kick the United States or severely diminish their projection of
52:18
Speaker 3: power in the region. This is regional hedgemon stuff, like
52:22
Speaker 3: not fully there, but ascending and trying to get there.
52:25
Speaker 3: Somebody looked at some of the data for what they're
52:27
Speaker 3: going to charge on the Strait between five and seven.
52:29
Speaker 1: I mean that alone would be like.
52:31
Speaker 3: A third of their entire GDP every single year in
52:34
Speaker 3: new fees. And if they have sanctions and access to
52:38
Speaker 3: the Western banking system, it will be a filthy rich
52:41
Speaker 3: country by this time. Is over reason I'm connecting into
52:44
Speaker 3: this is that they came under a decent amount of
52:47
Speaker 3: criticism for not including Gaza in their initial demands over
52:52
Speaker 3: the memorandum. I seem to think that this will now
52:55
Speaker 3: feel like this, I seem to think that this will
52:58
Speaker 3: now be at least some part of what it looks
53:00
Speaker 3: like in the future. And nata Yahu has spit in
53:03
Speaker 3: Donald Trump's face. There is no other way around. Trump
53:06
Speaker 3: hailed the agreement, or to peace hail the agreement. These
53:09
Speaker 3: are Trump's chosen people. They don't give a shit about
53:12
Speaker 3: Hama or about Palestine or anything. Even them, they're like, okay, guys,
53:15
Speaker 3: can you agree to this?
53:16
Speaker 1: Sure?
53:17
Speaker 3: Sure, you know, maybe, And now they're like, Nope, we're
53:19
Speaker 3: not going to do it. Yeah, we're not going to
53:20
Speaker 3: do it. I mean, it's it's stunning, honestly.
53:22
Speaker 2: Yeah, absolutely, another humiliation for Trump at the hands of
53:25
Speaker 2: the Israelis. And and I think the Gaza peace with
53:28
Speaker 2: regard to Aroan is also really important to underscore. Is
53:31
Speaker 2: something that Professor Morandi had said to us. He said, listen,
53:34
Speaker 2: next time, if Iran moves forward with negotiations, it's not
53:38
Speaker 2: just going to be Lebanon. Gaza will be included in
53:41
Speaker 2: the requirement that there actually is a ceasefire, not a
53:43
Speaker 2: fake cease fire where you know, you see swee fire,
53:46
Speaker 2: which is what's been going on, but an actual implemented
53:49
Speaker 2: cease fire and so you know, the price has gone
53:51
Speaker 2: up in terms of those negotiations, and you know, night
53:55
Speaker 2: Yahoo once again revealing that he has no interest in
53:57
Speaker 2: anything but a status quo that effectively benefits him, and
54:00
Speaker 2: these elections hanging over all of it. You know, he
54:02
Speaker 2: feels like also that even if he wanted, which she doesn't,
54:06
Speaker 2: even if he wanted to accept this deal, that this
54:08
Speaker 2: would be unacceptable because it's not where the population is.
54:11
Speaker 2: They have zero interest in any sort of accommodation here,
54:16
Speaker 2: and so he would be attacked from his right by
54:18
Speaker 2: the quote unquote liberals that are running against him.
54:21
Speaker 4: So that is the state of life.