Latest / David Pollack Primetime / The Blue Tsunami
Transcript
- 0:10Speaker 1: Welcome to the show.
- 0:11Speaker 2: I'm Pearson Sharp, filling in for my good buddy David Pollack,
- 0:14Speaker 2: who'll be back on attack by Monday.
- 0:17Speaker 1: Now then, to the heavy stuff. Come January, Democrats run Congress.
- 0:22Speaker 1: They've told us the plan.
- 0:24Speaker 2: Open the border, spend your money, and spend two years
- 0:28Speaker 2: going after President Trump.
- 0:30Speaker 1: There's no mystery there.
- 0:31Speaker 2: The real question is what we give voters instead, because
- 0:35Speaker 2: Tuesday hurt. Democrats are at 54 Senate seats. They've been
- 0:41Speaker 2: called winners in more than 250 House races. We lost Maine,
- 0:46Speaker 2: North and South Carolina, Ohio, Iowa, Kansas and Texas. Mississippi
- 0:51Speaker 2: and Alaska are still hanging. Yes, history is part of it.
- 0:55Speaker 2: Clinton lost 54 House seats. Obama lost 63. The president's
- 0:59Speaker 2: party always gets hit in the midterms.
- 1:02Speaker 1: That's just how it works. But let's be honest about
- 1:05Speaker 1: the rest, because that matters.
- 1:06Speaker 2: Democrats banked the early votes while we didn't. Independents swung.
- 1:12Speaker 2: And on the economy, the number one issue, we split
- 1:15Speaker 2: the room. Gas prices tied to the Iran war didn't help.
- 1:19Speaker 2: Nobody wins the kitchen table by losing the gas pump.
- 1:23Speaker 2: Vice President Vance pointed to disaffected Trump voters who wanted
- 1:27Speaker 2: the war ended, costs lowered, and America put first. Well,
- 1:31Speaker 2: some walked away. We knew they might. We knew that
- 1:34Speaker 2: we'd need them back. But here's what's getting missed. While
- 1:38Speaker 2: our side chases the frustrated Republicans out the door, it's
- 1:41Speaker 2: forgetting the ones still sitting inside.
- 1:44Speaker 1: The base showed up. Don't take them for granted.
- 1:47Speaker 2: Black and Latino working families gave Trump a chance in 2024.
- 1:51Speaker 1: Trump won.
- 1:52Speaker 2: Star County, Texas, the first Republican to do it in
- 1:55Speaker 2: over a century.
- 1:56Speaker 3: Why?
- 1:57Speaker 1: We showed up. Faith, family, hard.
- 2:00Speaker 2: Work, a secure border. Those were already their values. This time,
- 2:06Speaker 2: they felt ignored. Meanwhile, the succession fight has started. Vance
- 2:11Speaker 2: is the frontrunner, Rubio has kept his record clean, DeSantis
- 2:14Speaker 2: is the lone outsider, and the establishment is circling, hoping
- 2:18Speaker 2: to take the party back from the people who built it.
- 2:22Speaker 1: Now look at Florida, a red beacon in a blue sea.
- 2:25Speaker 2: Byron Donald's won, Ashley Moody held her seat, Republicans swept
- 2:29Speaker 2: the cabinet, and Florida's first black governor thanked President Trump.
- 2:34Speaker 1: Is Florida the blueprint for 2028?
- 2:36Speaker 3: Maybe.
- 2:38Speaker 2: One thing is certain, this party doesn't need to change
- 2:42Speaker 2: its values to win. It needs to stop abandoning the
- 2:45Speaker 2: people who share them, and it needs to force the
- 2:49Speaker 2: establishment to go back to interacting with the voters instead
- 2:52Speaker 2: of just their donors. Joining me now for a special
- 2:57Speaker 2: midterms edition of Fired Up Friday, he's the founder of
- 3:00Speaker 2: Operation Free Nation, and he's fired up about this week's midterms.
- 3:03Speaker 1: Welcome back to the program, Chad Caden.
- 3:06Speaker 4: Thanks for having me.
- 3:08Speaker 2: Chad, President Trump keeps telling Americans the economy is doing great,
- 3:12Speaker 2: pointing to investments, economic growth and falling inflation. But that
- 3:15Speaker 2: doesn't mean much to a family that's still struggling to
- 3:19Speaker 2: afford groceries, insurance and a mortgage. Is Washington completely disconnected
- 3:25Speaker 2: from the economic reality facing ordinary Americans?
- 3:29Speaker 1: And how do Republicans fix that?
- 3:32Speaker 4: Well, and as a former firefighter, I was very used
- 3:35Speaker 4: to my local fire politicians wanting to come by my
- 3:39Speaker 4: firehouse when it was election time. We love it when
- 3:41Speaker 4: you jump up on the soapbox and tell us how
- 3:43Speaker 4: much you love us. And then as soon as you
- 3:45Speaker 4: take office, all of a sudden we're a budget problem.
- 3:49Speaker 4: We are not sure we can give you raises. We're
- 3:51Speaker 4: not sure we can give you new apparatus that would
- 3:53Speaker 4: keep you guys safe or give the job more efficient
- 3:55Speaker 4: in order to save houses. So I bring this from
- 3:59Speaker 4: a micro, but when you look at D.C., they're always
- 4:01Speaker 4: going to be completely disconnected from the American people because
- 4:06Speaker 4: that's the ivory tower. There's few that try to keep
- 4:09Speaker 4: themselves grounded like a Tim Burchett and some others. But nonetheless,
- 4:12Speaker 4: is once you get to go to a gala every
- 4:15Speaker 4: night in Washington, D.C., and people are constantly kissing the ring,
- 4:19Speaker 4: you find yourself in this egotistical little world that you
- 4:23Speaker 4: don't understand. And you only listen to the people that
- 4:25Speaker 4: have your number. This is where we call them gatekeepers.
- 4:28Speaker 4: And essentially what happened here is a bunch of things.
- 4:31Speaker 4: And I could go through it, but we ain't got
- 4:33Speaker 4: enough time. So the way I'm gonna explain it to
- 4:35Speaker 4: you is at the end of the day, the people
- 4:38Speaker 4: do have the power. And when they choose to use
- 4:40Speaker 4: that power, they can be very, very, very strong. Like
- 4:44Speaker 4: we've seen with putting a Donald Trump back in office
- 4:47Speaker 4: after losing or whatever you want to call it in 2020.
- 4:50Speaker 1: So here we are.
- 4:51Speaker 4: And the American people flex their muscles. Not sure I
- 4:55Speaker 4: understand the protest vote concept because now we may have
- 4:59Speaker 4: a button on our machines that say protest vote. I'm
- 5:02Speaker 4: not sure.
- 5:03Speaker 1: It looks like we're willing to sink the whole ship
- 5:04Speaker 1: to punish one guy who's not responsible for all of it.
- 5:07Speaker 5: But, but.
- 5:08Speaker 4: We got the risk and the reward, right?
- 5:09Speaker 1: Right.
- 5:10Speaker 4: So now we got to find out if, in fact,
- 5:12Speaker 4: the reward is going to be worth the risk you
- 5:14Speaker 4: just put by putting the DSA in charge.
- 5:16Speaker 2: We have to be honest, though, because President Trump was
- 5:19Speaker 2: elected in part because Americans were tired of the endless
- 5:22Speaker 2: foreign wars, and they wanted their government to put America first.
- 5:26Speaker 1: And yet.
- 5:27Speaker 2: Here we are, another war in the Middle East that
- 5:30Speaker 2: we're fighting with Americans paying the price, specifically at the
- 5:32Speaker 2: gas pump and really everything else. Has the war in
- 5:35Speaker 2: Iran undermined the very America first principles that got Trump elected?
- 5:41Speaker 4: The messaging of the Iran war has absolutely been a
- 5:45Speaker 4: part of the cause. Absolutely. But whether or not the
- 5:48Speaker 4: war is justified, there's been eight presidents prior to Donald
- 5:51Speaker 4: Trump that said we need to do something about Iran. Afghanistan, Iraq,
- 5:55Speaker 4: even all the way to, I mean, Afghanistan and Iraq,
- 5:58Speaker 4: those themselves were the symptom of the problem, Iran being it.
- 6:01Speaker 4: So Trump actually made a move. And if OPEC goes
- 6:05Speaker 4: away and our gas goes to $ 1. 50 and we don't
- 6:07Speaker 4: have to worry about the Straits of Hormuz, nor do
- 6:09Speaker 4: we have to worry about having this wealthy terrorist organization
- 6:14Speaker 4: in charge of a very wealthy country when the oil
- 6:17Speaker 4: is pumping. is that going to make Donald Trump better
- 6:19Speaker 4: in the history books or just the right now? That's
- 6:22Speaker 4: what I'm saying. This, the messaging in the concept of
- 6:25Speaker 4: how we've done the Iran conflict, because this has had very,
- 6:30Speaker 4: we've had 14 losses of life from a helicopter crash. And,
- 6:33Speaker 4: and I don't even think there's been a purple heart
- 6:35Speaker 4: in this war.
- 6:36Speaker 6: Right. Yeah.
- 6:37Speaker 4: So at the end of the day, we need to
- 6:39Speaker 4: start being honest with our messaging and stop being flippant
- 6:41Speaker 4: about it. And that's something that I hope that the
- 6:44Speaker 4: Trump campaign recognizes and we're seeing them making moves now.
- 6:49Speaker 2: Now, here's something that I think right now, and we're
- 6:51Speaker 2: still licking our wounds, but I think Republicans are overlooking
- 6:54Speaker 2: that Democrats don't actually take control of Congress until January,
- 6:59Speaker 2: which means Republicans still have nearly two months to pass
- 7:02Speaker 2: legislation and confirm the judges. Shouldn't Republican leadership be canceling
- 7:07Speaker 2: vacations right now, keeping Congress in session and doing absolutely
- 7:11Speaker 2: everything they can to deliver on their promises before it's
- 7:14Speaker 2: too late?
- 7:15Speaker 4: Well, if I thought they were feckless, I would say, yes,
- 7:18Speaker 4: you guys have an opportunity. But I don't. They're obstructionist.
- 7:22Speaker 4: This is the establishment circling the wagon to hurt a very, very, very, very,
- 7:26Speaker 4: very powerful person in Donald J.
- 7:27Speaker 5: Trump.
- 7:28Speaker 4: And they use their particular position to make him look
- 7:31Speaker 4: really bad. I heard all kinds of people like Trump
- 7:34Speaker 4: didn't pass a budget. I didn't know that they did that.
- 7:37Speaker 4: I know that he can try to help. He can
- 7:38Speaker 4: use the bully pulpit, all of those things. He's been
- 7:40Speaker 4: kind of backed into a political corner. And now we
- 7:43Speaker 4: have an obstructionist House and Senate. I'm not giving Mike
- 7:47Speaker 4: Johnson a pass.
- 7:49Speaker 6: No.
- 7:49Speaker 4: And especially in the Senate with Thune. So I don't
- 7:52Speaker 4: think they really give a flip, frankly. And I wouldn't
- 7:54Speaker 4: expect a whole bunch of stuff coming out of the Senate, frankly.
- 7:57Speaker 1: Okay, we've got About a minute left.
- 7:59Speaker 2: So quickly, one of the most alarming things I saw
- 8:02Speaker 2: coming out of this election was Texas. Greg Abbott lost
- 8:06Speaker 2: the governor's match and Republicans lost a Senate seat and
- 8:09Speaker 2: Democrats made enormous gains in a state that's been reliably
- 8:11Speaker 2: Republican for decades. Quickly, is Texas a warning for what's
- 8:16Speaker 2: coming to other red states and what can Republicans do
- 8:19Speaker 2: to reverse that?
- 8:21Speaker 4: Well, I'm in South Carolina, and I could speak more
- 8:23Speaker 4: to that, although they were different in why we ended
- 8:26Speaker 4: up with a Darlene Graham losing. Texas, I hope it's
- 8:31Speaker 4: a warning. But as the saying goes, as Texas goes,
- 8:35Speaker 4: so does the nation.
- 8:36Speaker 6: Right.
- 8:36Speaker 4: I hope that's not true. But I like sayings because
- 8:39Speaker 4: they're usually true. So I hope that I think we
- 8:42Speaker 4: might have missed our warning. And now it's going to
- 8:44Speaker 4: be very complicated because even in twenty twenty eight, we
- 8:48Speaker 4: mathematically can't get the Senate back. So even if we
- 8:51Speaker 4: put a Republican president in, we have to take the
- 8:53Speaker 4: House or we're going to have a split, a split Congress.
- 8:57Speaker 5: Yep. All right.
- 8:59Speaker 1: Chad, we're in trouble.
- 9:00Speaker 2: Founder of Operation Free Nation, thank you for coming on
- 9:03Speaker 2: the show and being such a little beacon of hope
- 9:05Speaker 2: for us.
- 9:06Speaker 6: You're right.
- 9:09Speaker 2: Still ahead tonight, California is one of the most blue
- 9:12Speaker 2: states country, but the policies affect how Democrats act across
- 9:16Speaker 2: the nation. We look at what America might look like
- 9:19Speaker 2: under a similar Democrat control. Then a police officer killed
- 9:23Speaker 2: in a drunk driving incident, one that should never have
- 9:26Speaker 2: happened because the driver not only didn't have a license,
- 9:29Speaker 2: she was here illegally.
- 9:31Speaker 1: We'll be right back.
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- 10:02Speaker 3: you can't get anywhere else.
- 10:10Speaker 2: To change direction Tuesday. Instead, they stepped harder on the accelerator.
- 10:15Speaker 2: Democrats swept every major statewide office. Javier Becerra is the
- 10:19Speaker 2: next governor. Rob Bonta remains attorney general. Fiona Ma won
- 10:23Speaker 2: lieutenant governor. Shirley Weber stays secretary of state. Malia Cohen
- 10:27Speaker 2: stays controller. And Eleni Kounalakis becomes the treasurer. And in
- 10:31Speaker 2: Los Angeles, voters replaced one progressive mayor with someone even
- 10:35Speaker 2: further to the left. Nithya Raman, a member of the
- 10:38Speaker 2: Democratic Socialists of America who entered the race at the
- 10:41Speaker 2: last minute, defeated Karen Bass. She becomes the first challenger
- 10:46Speaker 2: in more than two decades to unseat a sitting Los
- 10:49Speaker 2: Angeles mayor. So California did not reject the policies that
- 10:54Speaker 2: created its problems. It rewarded the people promising more of them.
- 10:59Speaker 2: Start with Los Angeles. About 44,000 people were homeless there
- 11:04Speaker 2: last year, including 27,000 living without shelter. Rahman's own campaign
- 11:10Speaker 2: admits the city spends hundreds of millions of dollars every
- 11:14Speaker 2: year on homelessness without enough accountability. And that four out
- 11:19Speaker 2: of 10 people placed indoors through Bass's signature program returned
- 11:24Speaker 2: to the streets. Her solution includes more government-built housing, stronger
- 11:30Speaker 2: restrictions on landlords, expanded unarmed emergency response, and immigration platforms
- 11:37Speaker 2: she calls Immigrants In, ICE Out. She once tweeted, defund
- 11:43Speaker 2: the police. She now says LAPD should not get smaller,
- 11:46Speaker 2: but she supports replacing officers with unarmed responders.
- 11:51Speaker 4: For more calls.
- 11:52Speaker 2: But apparently, public safety is most important service. Here's what
- 11:57Speaker 2: she said in her first remarks as mayor.
- 12:00Speaker 7: You know, I have spoken to leadership at LAPD already.
- 12:03Speaker 7: In fact, I'm speaking to Chief McDonnell. I spoke to
- 12:07Speaker 7: him earlier today and it was one of the first
- 12:09Speaker 7: calls that I made because public safety is the most
- 12:13Speaker 7: important service that the city is delivering to its people.
- 12:17Speaker 7: It is hands down the most important service. And I
- 12:20Speaker 7: want to make sure that that whatever happens over this transition,
- 12:25Speaker 7: that we are prepared to deliver that service at the
- 12:28Speaker 7: level that Angelenos expect when I take office in mid-December.
- 12:32Speaker 2: So all Angelenos must be expecting unarmed officers with kind
- 12:37Speaker 2: words and maybe flowers stop all of the crime in
- 12:40Speaker 2: their city. That is the next mayor of America's second
- 12:44Speaker 2: largest city, two years before Los Angeles hosts the Olympics.
- 12:49Speaker 2: And Sacramento is not moving toward the center either. Governor-elect
- 12:53Speaker 2: Javier Becerra says that health care is.
- 12:56Speaker 1: A human right.
- 12:58Speaker 2: And once California moving toward a universal single-payer system, he
- 13:03Speaker 2: has not ruled out higher taxes.
- 13:06Speaker 1: Why would he?
- 13:07Speaker 2: He promises to make California a firewall against President Trump
- 13:11Speaker 2: and boasts that, as attorney general, he sued the first
- 13:14Speaker 2: Trump administration.
- 13:15Speaker 1: More than 120 times.
- 13:19Speaker 2: Rob Bonta has already filed dozens of lawsuits against this
- 13:23Speaker 2: Trump administration. California's top law enforcement officer has made fighting
- 13:28Speaker 2: Washington one of his office's defining missions. Meanwhile, look at
- 13:34Speaker 2: the state they're supposed to be governing. California's own fiscal
- 13:38Speaker 2: analyst warns of chronic budget deficits potentially reaching $ 20 to
- 13:42Speaker 2: $ 35 billion every year.
- 13:47Speaker 1: The state has already.
- 13:48Speaker 2: Confronted a cumulative $ 125 billion in budget problems over four years.
- 13:55Speaker 2: California had the second highest average electricity price in America
- 13:59Speaker 2: last year. In August, it had the highest rate in
- 14:02Speaker 2: the continental United States. The median California home is valued
- 14:07Speaker 2: at roughly $ 735, 000. Median rent is more than $ 2, 000. And
- 14:09Speaker 2: despite politicians insisting that everyone wants to live under their policies.
- 14:21Speaker 2: Another 216,000 residents left California for other states in a
- 14:27Speaker 2: single year. Those are not Republican talking points. Those are
- 14:32Speaker 2: government numbers. And yes, California remains wealthy. It has extraordinary people,
- 14:38Speaker 2: natural resources, and the world's fourth largest economy.
- 14:41Speaker 1: That makes these failures far worse.
- 14:46Speaker 2: The state has every POSSIBLE ADVANTAGE, AND ITS POLITICAL LEADERS
- 14:49Speaker 2: STILL MADE HOUSING UNAFFORDABLE, ENERGY PUNISHINGLY EXPENSIVE, AND GOVERNMENT STRUCTURALLY BROKE.
- 14:57Speaker 1: WHY SHOULD YOU CARE IF YOU LIVE IN TEXAS, FLORIDA
- 15:01Speaker 1: OR OHIO?
- 15:02Speaker 2: BECAUSE CALIFORNIA DOES NOT KEEP ITS POLICIES INSIDE CALIFORNIA. ITS
- 15:07Speaker 2: ENVIRONMENTAL RULES RESHAPE THE CARS YOU CAN BUY. ITS LAWSUITS
- 15:11Speaker 2: CHALLENGE THE PRESIDENT YOU ELECTED. ITS REGULATIONS REACH BUSINESSES NATIONWIDE.
- 15:17Speaker 2: When its spending promises exceed its tax base, Washington and
- 15:20Speaker 2: therefore every American taxpayer faces pressure to.
- 15:24Speaker 1: Help clean up the bill. California is not merely a state.
- 15:29Speaker 1: It is the left's laboratory.
- 15:32Speaker 2: Tuesday, voters handed that laboratory to the same party again
- 15:36Speaker 2: and gave America's second largest city to an actual democratic socialist.
- 15:42Speaker 2: The experiment is not ending, it's accelerating. Now the rest
- 15:46Speaker 2: of the country gets to watch what happens when there
- 15:48Speaker 2: is nobody left in power to say no. Joining me
- 15:54Speaker 2: now is the host of Loud Majority Live, Kevin Smith.
- 15:58Speaker 1: Welcome to the show.
- 16:00Speaker 5: Thanks for having me.
- 16:01Speaker 2: Kevin, California has sky-high taxes, rampant homelessness, and an affordability crisis.
- 16:08Speaker 2: And now Gavin Newsom is moving to spare all 548
- 16:11Speaker 2: death row inmates from execution, including convicted murderers. How do
- 16:16Speaker 2: Californians keep electing politicians whose policies are clearly making our
- 16:22Speaker 2: lives miserable?
- 16:24Speaker 8: Well, you know, it's going to keep happening in these
- 16:27Speaker 8: blue states. I mean, I'm from New York, and the
- 16:30Speaker 8: mass exodus of New Yorkers down to places like Florida
- 16:33Speaker 8: and Tennessee have made it even harder to elect Republicans,
- 16:38Speaker 8: not only statewide, but in your local races as well.
- 16:43Speaker 8: And for the people who live in California who don't
- 16:46Speaker 8: live in Los Angeles, just know that California will bail
- 16:50Speaker 8: out L.A., As we saw here in New York, the
- 16:54Speaker 8: people of Buffalo, which is nine hours away from New
- 16:57Speaker 8: York City, bailed out Zoran Mamdani.
- 17:00Speaker 5: If you live on.
- 17:02Speaker 8: The Canadian border here in New York, you are currently
- 17:05Speaker 8: paying for the New York City subway. And if you
- 17:08Speaker 8: don't think that's going to be happening to the people
- 17:11Speaker 8: who live in Northern California up in wine country, they're
- 17:14Speaker 8: going to be bailing out the homeless industrial complex down
- 17:18Speaker 8: in Los Angeles.
- 17:18Speaker 5: You got another thing coming.
- 17:20Speaker 2: So Los Angeles just elected Democratic Socialist Nithya Raman, who
- 17:24Speaker 2: wants more government housing, greater restrictions on landlords and immigration
- 17:28Speaker 2: policies that.
- 17:29Speaker 1: She calls immigrants in, ice out.
- 17:32Speaker 2: What do you think Los Angeles is actually going to
- 17:35Speaker 2: look like after four years of her policies, especially with.
- 17:38Speaker 1: The Olympics coming in 2028? And how do we go
- 17:40Speaker 1: from Karen Bass to this?
- 17:46Speaker 8: You know, just when we think things can't get worse,
- 17:49Speaker 8: they always do.
- 17:50Speaker 5: Right.
- 17:50Speaker 8: You know, and I've been warning everybody around the country.
- 17:54Speaker 5: You know, if you can do it in New York,
- 17:56Speaker 5: you can do it anywhere.
- 17:57Speaker 8: And they did it in Los Angeles. And just as
- 18:00Speaker 8: a warning to the people of L.A., it's not going
- 18:03Speaker 8: to happen quickly. It's going to happen drip by drip
- 18:05Speaker 8: by drip. You're going to be the pot. You're going
- 18:09Speaker 8: to be the frog in the pot, not noticing that
- 18:12Speaker 8: you're boiling. It's going to start with more quality of
- 18:16Speaker 8: life stuff.
- 18:17Speaker 5: Oh, so there's a few more homeless people.
- 18:19Speaker 8: Oh, so there's a little bit more drug use.
- 18:22Speaker 5: It's nothing new. And then it will cascade.
- 18:25Speaker 8: If we compare it to New York, so far Zorhan
- 18:29Speaker 8: Mamdani has passed one law in the year that he's
- 18:32Speaker 8: been in office. but New York has gotten significantly worse
- 18:35Speaker 8: because they just stopped enforcing the law. When you send
- 18:39Speaker 8: unarmed peace officers to handle domestic violence cases, you are
- 18:46Speaker 8: going to get more violent crime because the people have
- 18:49Speaker 8: no way to defend themselves from lunatics.
- 18:52Speaker 5: Exactly. And that's what's going to happen.
- 18:53Speaker 1: Exactly.
- 18:54Speaker 2: Rahman once supported defunding the police, and now, like you said,
- 18:58Speaker 2: she wants these unarmed responders handling more of the emergency calls.
- 19:01Speaker 1: Is this simply the same... defund the police agenda but
- 19:05Speaker 1: repackaged with better marketing.
- 19:08Speaker 8: Oh it's it's the exact same thing and and they
- 19:11Speaker 8: keep talking about these social workers they're going to hire
- 19:14Speaker 8: to handle these do they think that social workers just
- 19:17Speaker 8: grow on trees oh.
- 19:18Speaker 2: And by the way i don't interrupt you but by
- 19:20Speaker 2: the way most social workers are women so think about
- 19:24Speaker 2: them going to solve these domestic problems Oh, yeah.
- 19:27Speaker 5: That's going to go over really well.
- 19:28Speaker 8: You're going to have some 105-pound sociology major go deal
- 19:34Speaker 8: with a guy who's been living on the street for
- 19:37Speaker 8: 30 years who's like a hardened criminal, a hardened, mentally
- 19:42Speaker 8: ill schizophrenic. Let me know how that's going to go
- 19:45Speaker 8: when she gets thrown in front of a bus, which
- 19:48Speaker 8: is going to happen, which is going to stop people.
- 19:50Speaker 5: From applying for those jobs.
- 19:52Speaker 8: Therefore, there will be none of those social workers, those
- 19:55Speaker 8: mythical social workers that these people want to hire.
- 19:57Speaker 1: Prop 39. What happened? Is this just the same question?
- 20:02Speaker 1: Voters have no idea what they're doing. They just vote
- 20:04Speaker 1: as they're told.
- 20:07Speaker 8: That's really what it is. And it's also the way
- 20:10Speaker 8: a lot of these propositions get worded. They're worded very cleverly.
- 20:14Speaker 8: And Prop 39 was certainly an example of that, for sure.
- 20:18Speaker 5: It's deception.
- 20:21Speaker 8: At the highest form. They know these things are going
- 20:23Speaker 8: to pass. But I will say this about California. They
- 20:26Speaker 8: did stop Prop 40 and Prop 42.
- 20:30Speaker 6: So those are wins.
- 20:32Speaker 8: In a year where there were very few wins around
- 20:36Speaker 8: the nation, stopping that wealth tax from going in may
- 20:42Speaker 8: stop the slide of California, of the California exodus. I mean,
- 20:46Speaker 8: it's only the sixth largest economy in the because every
- 20:49Speaker 8: Silicon Valley tech giant is there. The minute they end
- 20:52Speaker 8: up going to Austin, well, I guess they're not going
- 20:54Speaker 8: to Austin anymore. I guess they're going to go to
- 20:57Speaker 8: Nashville or Boise, the last two places where Republicans control
- 21:02Speaker 8: in America. Soon you're going to start seeing all these
- 21:07Speaker 8: tech bros. They're going to be taking over Collins Avenue.
- 21:09Speaker 8: There used to be nightclubs. Now there's going to be
- 21:13Speaker 8: Google C-suites.
- 21:15Speaker 2: Yeah, it's so depressing, and we used to have places
- 21:17Speaker 2: we thought we could run to, but clearly Texas proved
- 21:19Speaker 2: us wrong. Kevin Smith, thank you for coming on the show.
- 21:22Speaker 1: I really appreciate your time.
- 21:24Speaker 6: Thanks for having me.
- 21:25Speaker 2: Coming up next, a police officer is killed in a
- 21:28Speaker 2: drunk driving accident.
- 21:30Speaker 1: The driver, she didn't.
- 21:31Speaker 2: Have a license, and she was here in this country illegally.
- 21:34Speaker 1: Randy Sutton of the Wounded Blue joins me after the break.
- 21:41Speaker 3: For all of our viewers out there asking where to
- 21:43Speaker 3: watch One America News, we'd like to introduce you to
- 21:46Speaker 3: OAN Live. OAN Live is the best way to stay
- 21:49Speaker 3: up to date on the hardest hitting news and our
- 21:51Speaker 3: talk shows. And the best part is OAN Live is
- 21:53Speaker 3: only $ 4. 99 per month. Credible, honest, and unbiased reporting at
- 21:58Speaker 3: a fraction of the cost of cable. So just click
- 22:01Speaker 3: on the link at the top of our homepage, OANN.com,
- 22:04Speaker 3: to easily sign up for the news and conservative talk
- 22:07Speaker 3: you can't get anywhere else.
- 22:16Speaker 2: America keeps learning the same lesson too late. Laws that
- 22:21Speaker 2: are not enforced before a tragedy cannot protect anyone afterward.
- 22:26Speaker 2: A police officer and a mother of three are dead.
- 22:29Speaker 2: The woman charged with killing them was allegedly driving drunk,
- 22:32Speaker 2: had never possessed a driver's license, and according to federal authorities,
- 22:36Speaker 2: was living in this country illegally. Now, ICE has lodged
- 22:41Speaker 2: a detainer, but it's too late.
- 22:43Speaker 1: The damage has been done. Those lives are gone. That
- 22:49Speaker 1: is the problem.
- 22:49Speaker 2: Our system repeatedly discovers that someone is here illegally only after.
- 22:54Speaker 1: An American has already paid the price.
- 22:59Speaker 2: Bridgeport police officer Cooper Whiteside and his longtime girlfriend, Brittany Islami,
- 23:04Speaker 2: were riding his motorcycle through Danbury, Connecticut, early on July
- 23:07Speaker 2: 13th when police say a Jeep crossed into their lane
- 23:11Speaker 2: and struck them head on. Cooper Whiteside spent his life
- 23:16Speaker 2: running toward danger. He served as a volunteer firefighter, a
- 23:20Speaker 2: rescue diver, and finally achieved his childhood dream of becoming
- 23:24Speaker 2: a police officer. He had worn the badge for only
- 23:28Speaker 2: two years.
- 23:29Speaker 1: Cooper was 38.
- 23:30Speaker 2: Brittany was 34 and leaves behind three children. The Jeep's driver,
- 23:36Speaker 2: Melissa Esperanza Ramirez Romero, faces two counts of second-degree manslaughter
- 23:42Speaker 2: with a motor vehicle, DUI, and other charges. She has
- 23:45Speaker 2: pleaded not guilty, of course. According to the arrest warrant,
- 23:49Speaker 2: her blood alcohol level was.
- 23:52Speaker 1: 14.
- 23:54Speaker 2: She tested positive for cannabis, and investigators recovered empty alcohol
- 23:58Speaker 2: containers and a THC vape cartridge from her vehicle. Prosecutors
- 24:03Speaker 2: also say she admitted she had never possessed a driver's license.
- 24:08Speaker 2: Her attorney says she was born in Mexico, but had
- 24:10Speaker 2: spent virtually her entire life in Connecticut. Federal authorities say
- 24:15Speaker 2: she is here illegally, and ICE is now asking the
- 24:18Speaker 2: state to hold her if she is released. And while
- 24:21Speaker 2: police families confront consequences like these, part of the radical
- 24:26Speaker 2: left continues threatening law enforcement as the enemy.
- 24:31Speaker 1: The Squad Victory Fund, authorized by.
- 24:33Speaker 2: Alexandria Ocasio-Cortez, Ilhan Omar, Ayanna Pressley, and Rashid Tlaib, raised
- 24:40Speaker 2: a record $ 2. 35 million this election cycle. Its rules specifically
- 24:47Speaker 2: reject donations from the Fraternal Order of Police, America's largest
- 24:50Speaker 2: police organization. The fund does not explain why. What message
- 24:56Speaker 2: does that statement send while officers are being hunted down?
- 25:01Speaker 1: The Fraternal Order.
- 25:01Speaker 2: Of Police reports that 60 officers have been shot in
- 25:05Speaker 2: ambush-style attacks this year. Thirteen were killed. Police officers do
- 25:10Speaker 2: not need politicians rejecting them to impress activists. They need
- 25:15Speaker 2: elected leaders who enforce the law, literally their only job.
- 25:19Speaker 2: Protect the badge and act before another family is destroyed.
- 25:24Speaker 2: This is not about denying anyone due process. It is
- 25:27Speaker 2: about using due process to enforce the laws already on
- 25:31Speaker 2: the books and building a system that identifies unlawful status
- 25:36Speaker 2: before the only remaining response is an ICE detainer attached
- 25:41Speaker 2: to a homicide case.
- 25:44Speaker 1: Because enforcement... after the funeral is not protection.
- 25:49Speaker 2: It is an admission that the system acted too late.
- 25:54Speaker 2: Joining me now is retired police lieutenant Randy Sutton, founder
- 25:59Speaker 2: of the Wounded Blue.
- 26:00Speaker 1: Thank you for joining us today.
- 26:01Speaker 5: Thanks for having me. This is a very, very important topic.
- 26:06Speaker 2: Randy, we have a police officer and a mother of
- 26:09Speaker 2: three dead, allegedly killed by a woman who authorities say
- 26:11Speaker 2: was in this country illegally, driving drunk, and had never
- 26:14Speaker 2: even possessed a license. How many more tragedies like this
- 26:19Speaker 2: have to happen before we start taking immigration enforcement seriously?
- 26:25Speaker 5: This unfortunate tragedy is one of a number of such
- 26:30Speaker 5: tragedies that we have experienced over the years, and we
- 26:33Speaker 5: don't seem to be learning our lesson at all. Now,
- 26:36Speaker 5: the battle lines have clearly been drawn. This election cycle
- 26:41Speaker 5: really impressed upon me that there is a division between
- 26:48Speaker 5: within this nation that is getting worse, not getting better.
- 26:53Speaker 5: And much of it centers around public safety, or in
- 26:57Speaker 5: our case here, the lack of public safety. We have
- 27:01Speaker 5: seen that these individuals who created this fund did so
- 27:09Speaker 5: to undermine the ability of law enforcement to be effective.
- 27:14Speaker 5: And they have been very successful in doing just that.
- 27:18Speaker 5: They have.
- 27:19Speaker 2: That is what troubles me the most about this, I think,
- 27:24Speaker 2: because we know what the problem is. We know that
- 27:30Speaker 2: we have laws to protect our people, and they're not
- 27:33Speaker 2: being enforced anymore. And the problem is not that the
- 27:36Speaker 2: politicians don't understand this or don't have the tools to
- 27:38Speaker 2: handle it.
- 27:40Speaker 1: I think the.
- 27:40Speaker 2: Problem is that the politicians, one, don't care, or two,
- 27:45Speaker 2: are not enforcing these intentionally. They want this to happen.
- 27:50Speaker 2: And that's the horrifying part to me.
- 27:54Speaker 5: It is absolutely irrational. advantage here of people knowing exactly
- 28:10Speaker 5: what they stand for and elect them anyway. We are
- 28:14Speaker 5: literally seeing the voters acting like lemons. They're dashing off
- 28:20Speaker 5: the cliff, allowing people to be in office who don't
- 28:24Speaker 5: care about their safety. Not only do they not care,
- 28:27Speaker 5: they encourage criminality. They look at it.
- 28:31Speaker 6: And they.
- 28:33Speaker 5: They seem to embrace it. And it's irrational to me.
- 28:37Speaker 5: And yet we are electing these people. And we just
- 28:40Speaker 5: saw in this blue tsunami that that just took place
- 28:45Speaker 5: across this country. I can tell you this. I'm going
- 28:47Speaker 5: to forecast this right now. What we have seen in
- 28:50Speaker 5: the past will pale in comparison to the injustices and
- 28:55Speaker 5: the death that we are going to see at the
- 28:58Speaker 5: hands of criminals, illegal aliens, and those who commit crimes
- 29:03Speaker 5: against the people of this country. We're going to see
- 29:07Speaker 5: more of it.
- 29:08Speaker 2: It's not just the police that are going to suffer,
- 29:11Speaker 2: these police that are being targeted. It's the people they're
- 29:13Speaker 2: intending to protect. So these politicians that are targeting the police,
- 29:17Speaker 2: they're hurting us, too. And according to the Fraternal Order
- 29:21Speaker 2: of the Police, 60 officers have been shot in ambush-style
- 29:25Speaker 2: attacks this year, and 13 have been killed. Now, you
- 29:28Speaker 2: have spent your career defending law enforcement officers.
- 29:31Speaker 1: What's driving this violence?
- 29:32Speaker 2: And do you believe that the political rhetoric from these
- 29:36Speaker 2: people demonizing police is making it so that police can't
- 29:40Speaker 2: operate safely in our country and that they're now being
- 29:42Speaker 2: seen as legitimate targets?
- 29:45Speaker 5: Absolutely. You know, I run a nationwide organization called the
- 29:48Speaker 5: Wounded Blue. We're a nationwide charity that helps injured and
- 29:52Speaker 5: disabled officers. I see this every single day. I see
- 29:56Speaker 5: the tragedy. I see the heartache. I see the victims.
- 29:59Speaker 5: I deal with the families of those officers who have
- 30:02Speaker 5: been killed and injured in the line of duty. I
- 30:04Speaker 5: see the heartbreak every single day. In fact, right now,
- 30:10Speaker 5: I am at a conference right now where last night
- 30:13Speaker 5: I spent time with the wife of a police officer
- 30:15Speaker 5: who was murdered in the line of duty. Seeing the
- 30:19Speaker 5: tears come down her face as she spoke about the
- 30:23Speaker 5: needless death of her husband at the hands of a gunman.
- 30:26Speaker 3: It.
- 30:28Speaker 5: Breaks my heart. And I've been dealing with this for years.
- 30:31Speaker 5: And here's what's happening. The encouragement of criminality by the
- 30:36Speaker 5: political left is making it less and less safe every
- 30:41Speaker 5: single day for law enforcement. Last year, more than 80,000
- 30:45Speaker 5: police officers were physically assaulted in the line of duty,
- 30:47Speaker 5: almost 90,000. This is unbelievable. And this is an increase
- 30:53Speaker 5: by about 80% from just 12, 13 years ago.
- 30:56Speaker 6: It is insane. And literally....
- 31:03Speaker 5: It's going to get worse. I just wrote a book
- 31:05Speaker 5: about this called Rescuing 911, The Fight for America's Safety.
- 31:10Speaker 5: And this has been building for a while. The history
- 31:13Speaker 5: that we have seen, the great lie of Ferguson of
- 31:16Speaker 5: hands up, don't shoot, the George Floyd insanity has deteriorated
- 31:22Speaker 5: the ability of law enforcement to effectively retain and hire
- 31:28Speaker 5: police officers. So we are in a criminal justice crisis
- 31:31Speaker 5: that nobody's talking about.
- 31:34Speaker 2: What young man or woman out there would want to
- 31:37Speaker 2: sign up to be a police officer after seeing the
- 31:40Speaker 2: abuse that they suffer from not only the citizens, but
- 31:43Speaker 2: their own lawmakers.
- 31:45Speaker 1: Retired police lieutenant Randy.
- 31:47Speaker 2: Sutton, founder of the Wounded Blue, thank you for coming
- 31:49Speaker 2: on the show.
- 31:50Speaker 5: I appreciate it.
- 31:51Speaker 6: Thank you, David.
- 31:54Speaker 2: When we come back, Paraguay's president is facing impeachment following
- 31:58Speaker 2: the collapse of a prominent bank in the region. How
- 32:00Speaker 2: the two events are related and why it may matter
- 32:03Speaker 2: here in the U.S. Then the Democrats ran on two things,
- 32:07Speaker 2: get Trump and the economy. But the numbers show the
- 32:10Speaker 2: economy isn't as bad as they were saying. Corey Ruth,
- 32:13Speaker 2: Emergence Global, joins me.
- 32:14Speaker 5: Stick around.
- 32:20Speaker 3: For all of our viewers out there asking where to
- 32:22Speaker 3: watch One America News, we'd like to introduce you to
- 32:24Speaker 3: OAN Live. OAN Live is the best way to stay
- 32:27Speaker 3: up to date on the hardest hitting news and our
- 32:29Speaker 3: talk shows. And the best part is OAN Live is
- 32:32Speaker 3: only $ 4. 99 per month. Credible, honest, and unbiased reporting at
- 32:37Speaker 3: a fraction of the cost of cable. So just click
- 32:39Speaker 3: on the link at the top of our homepage, OANN.com,
- 32:43Speaker 3: to easily sign up for the news and conservative talk
- 32:46Speaker 3: you can't get anywhere else.
- 32:55Speaker 2: Your bank account is frozen. Your card doesn't work.
- 32:59Speaker 1: Your paycheck is trapped. Your pension is gone from the screen.
- 33:04Speaker 2: Now, imagine learning that the president once owned part of
- 33:08Speaker 2: the company behind that bank and appointed one of its
- 33:11Speaker 2: former executives to lead the agency responsible for regulating it.
- 33:17Speaker 1: That is just what happened in Paraguay.
- 33:20Speaker 2: In less than four days, one bank failure froze millions
- 33:23Speaker 2: of accounts, threw thousands of people out of work, and
- 33:26Speaker 2: put the president on trial in the Senate.
- 33:30Speaker 1: The bank is Ueno.
- 33:31Speaker 2: It grew from an obscure finance company into one of
- 33:35Speaker 2: Paraguay's largest banks in only a few years. It offered
- 33:38Speaker 2: generous cashback rewards sponsored by the national soccer team and
- 33:42Speaker 2: put its name on the country's biggest stadium. Nearly 3
- 33:46Speaker 2: million people became customers.
- 33:48Speaker 1: Almost half the country.
- 33:50Speaker 2: And more than $ 800 million in government money flowed into it,
- 33:54Speaker 2: including pension, healthcare, and hydroelectric funds. But behind the marketing,
- 34:00Speaker 2: regulators allegedly found risky loans to companies connected to the
- 34:05Speaker 2: bank's owners. Loans without enough collateral and expenses improperly counted
- 34:10Speaker 2: as assets. Once the books were corrected, Ueno reportedly had
- 34:15Speaker 2: less than half the capital legally required to absorb its losses. Tuesday,
- 34:21Speaker 2: Paraguay's central bank seized it and the people took to
- 34:24Speaker 2: the streets in protest.
- 34:27Speaker 1: The app went dark. Cards stopped working. Branches locked their doors.
- 34:32Speaker 2: Millions of people could not reach their money while thousands
- 34:36Speaker 2: of employees wondered whether they would ever receive another paycheck.
- 34:40Speaker 2: And then attention turned President Santiago Pena. Pena held a
- 34:45Speaker 2: stake in Ueno's parent company until last year.
- 34:49Speaker 1: He appointed a former Ueno.
- 34:51Speaker 2: Executive to run the central bank, the regulator supervising Ueno.
- 34:57Speaker 2: Lawmakers also accuse his government of allowing too much public
- 35:01Speaker 2: pension money.
- 35:02Speaker 1: To be deposited there. Those are allegations.
- 35:05Speaker 2: Pena has not been convicted of a crime, and he
- 35:08Speaker 2: says he will cooperate with investigators. But his own conservative
- 35:13Speaker 2: Colorado party turned against him. The lower house voted 78
- 35:18Speaker 2: to nothing to impeach him. Pena offered to resign, but
- 35:22Speaker 2: lawmakers refused to let him escape the Senate trial and
- 35:25Speaker 2: the potential loss of immunity that could follow his removal.
- 35:28Speaker 2: Prosecutors have now opened three criminal investigations. Senior bank executives
- 35:33Speaker 2: have been detained, top presidential aides have been resigned, and
- 35:37Speaker 2: Peña' s government could fall within days. So why should an
- 35:42Speaker 2: American care about a bank in Paraguay? Because this is
- 35:48Speaker 2: what happens when political connections replace independent oversight. The bank
- 35:53Speaker 2: grows too quickly. Government money pours in. Regulators ignore the
- 35:57Speaker 2: warning lights. And ordinary people discover the truth only after
- 36:02Speaker 2: all of their money is locked behind a dead app. Yes,
- 36:06Speaker 2: this can happen here. Silicon Valley Bank collapsed in 48
- 36:11Speaker 2: hours after depositors tried to pull $ 42 billion in a
- 36:16Speaker 2: single day. Signature Bank and First Republic followed. The FDIC
- 36:20Speaker 2: now calls those the fastest bank runs.
- 36:23Speaker 1: In American history. America has stronger protections.
- 36:27Speaker 2: FDIC insurance automatically covers qualifying deposits up to $ 250, 000 per
- 36:33Speaker 2: depositor per insured bank and ownership category. But anything beyond
- 36:37Speaker 2: that limit can be exposed. And even insured customers can
- 36:41Speaker 2: face disruption when a bank fails.
- 36:45Speaker 1: The warning from Paraguay is simple.
- 36:48Speaker 2: Never confuse a popular app, a famous sponsor, or politically
- 36:52Speaker 2: connected executive A safe bank. When the regulator works for
- 36:57Speaker 2: the regulated, the powerful leave through the back door and
- 37:00Speaker 2: working people are left standing outside asking where their money went.
- 37:06Speaker 2: Joining me now is the CEO of Artorias, Stefano Rittendale.
- 37:10Speaker 1: Welcome to the show.
- 37:12Speaker 5: Thank you so much for having me.
- 37:14Speaker 2: Stefano, this is an extraordinary story. In a matter of days,
- 37:17Speaker 2: one bank collapses, nearly three million customers lose access to
- 37:21Speaker 2: their money, thousands of people are out of work, and
- 37:23Speaker 2: the country's president is facing impeachment. How does something of
- 37:27Speaker 2: this magnitude happen seemingly overnight? And what does that tell
- 37:33Speaker 2: us about the fragility of the modern banking system?
- 37:38Speaker 9: Well, first, I think, you know, one of the crazy
- 37:40Speaker 9: things is, as you highlighted, is this scale of Duenos
- 37:44Speaker 9: Bank inside of Paraguay. You know, 3 million customers, that's
- 37:47Speaker 9: about 60% of the adult population use this bank. And
- 37:52Speaker 9: for it to collapse so quickly does show that there
- 37:54Speaker 9: is severe lack of oversight, both from the government and
- 37:58Speaker 9: from other institutions that allow this to happen. Obviously, there's
- 38:01Speaker 9: investigations that are going on. Obviously, right now, the Congress
- 38:04Speaker 9: and the Senate have already taken their course. It's also
- 38:06Speaker 9: going to be criminal investigations to see what happened and
- 38:09Speaker 9: how this played a role. But this is a wake-up
- 38:11Speaker 9: call for not only the United States, but I would
- 38:13Speaker 9: also look at this in South America as a whole,
- 38:15Speaker 9: because unfortunately, South America has a long history of political
- 38:18Speaker 9: connections with business. And we see time and time again
- 38:21Speaker 9: major political sandals impacting both conservative, liberal, centrist candidates who
- 38:27Speaker 9: promise one thing, but at the end of the day,
- 38:28Speaker 9: enrich themselves. And it shows a lack of accountability and
- 38:31Speaker 9: oversights that fortunately in the United States, at least we
- 38:33Speaker 9: have better institutions to handle it that South America simply
- 38:37Speaker 9: do not. And we see these events spiral out of control,
- 38:39Speaker 9: as Paraguay is a clear example of.
- 38:42Speaker 2: What really stands out here is the relationship between this
- 38:45Speaker 2: bank and Paraguay's government. The president previously owned a stake
- 38:49Speaker 2: in its parent company, and he appointed a former bank
- 38:51Speaker 2: executive to lead the very agency responsible for regulating it.
- 38:56Speaker 2: Is this just a conflict of interest, or is this
- 38:58Speaker 2: full-blown corruption?
- 39:01Speaker 9: I mean, I think that's where we're going to have
- 39:02Speaker 9: to let the investigation take its course to really lessons learned.
- 39:05Speaker 9: You can have both in reality. I don't think one
- 39:08Speaker 9: mutually excludes the other. But unfortunately, this is a very
- 39:11Speaker 9: common story across South America, where corruption and conflict of
- 39:14Speaker 9: interest is more the norm than the exception, is there's
- 39:16Speaker 9: not really strong anti-corruption measures. And I think the United
- 39:19Speaker 9: States might assist a lot of these governments in South
- 39:22Speaker 9: America to do it. And I also highlighted an important
- 39:24Speaker 9: aspect about Paraguay and about President Peña, is that he
- 39:27Speaker 9: is a close American ally.
- 39:29Speaker 6: He did.
- 39:30Speaker 9: Was signed and joined the Shields of America, the organization
- 39:34Speaker 9: really pushed by the second Trump administration, led by Secretary
- 39:37Speaker 9: of War Pete Hegseth, and this counter cartel coalition. He's
- 39:41Speaker 9: really been a key American ally to expand US influence here,
- 39:44Speaker 9: but it shows that even that, We might have to
- 39:47Speaker 9: be careful because now there's a political liability with such
- 39:49Speaker 9: a corrupt figure who his own political party has impeached
- 39:53Speaker 9: and more than likely would be convicted and face prosecution
- 39:56Speaker 9: in jail. So I think it's important that we let
- 39:58Speaker 9: the investigation take place. Obviously, we're going to see increased
- 40:02Speaker 9: level of protests inside of Paraguay to do this. But
- 40:04Speaker 9: the economic fallout is clear. And we'll have to see
- 40:06Speaker 9: if the United States or South America as a whole,
- 40:08Speaker 9: the World Bank or the IMF might do emergency measures
- 40:11Speaker 9: to try to protect Paraguay's financial institutions.
- 40:14Speaker 2: So Americans might look at Paraguay and think, well, it's
- 40:17Speaker 2: a developing country.
- 40:18Speaker 1: That could never happen here.
- 40:21Speaker 2: But we watched Silicon Valley Bank collapse in 48 hours,
- 40:24Speaker 2: followed by Signature Bank and First Republic. Are we really
- 40:28Speaker 2: that much better protected in the United States? Or are
- 40:31Speaker 2: we just one serious financial crisis away from seeing something
- 40:35Speaker 2: like this happen here? And I think most importantly, what
- 40:39Speaker 2: can Americans do to protect their money in a situation
- 40:43Speaker 2: like this?
- 40:45Speaker 9: Well, look, I think the 2008 financial crisis is another
- 40:48Speaker 9: case point we can look at. And I think there
- 40:50Speaker 9: was a lot of lessons learned. I mean, Lehman Brothers
- 40:52Speaker 9: is a perfect example, right? The rapid collapse of this
- 40:55Speaker 9: and the behemoth of U.S. financial institution and how it
- 40:58Speaker 9: required a massive bailout by the U.S. government to make
- 41:01Speaker 9: sure our financial institutions were still solvent. And I think
- 41:04Speaker 9: a lot of us forget that the collapse of the
- 41:06Speaker 9: financial sector in 2008 was the largest financial crisis we
- 41:09Speaker 9: had since the Great Depression. So obviously there's a lot
- 41:12Speaker 9: of lessons learned. And I think there's still a lot
- 41:14Speaker 9: of lessons that needs to be applied. And we continuously
- 41:16Speaker 9: see US financial institutions run contrary to US regulations and laws.
- 41:21Speaker 9: And I think that's why regulations and other aspects that
- 41:25Speaker 9: need to be done, both from the executive branch and
- 41:27Speaker 9: the legislative branch, are critical to ensure the American people
- 41:30Speaker 9: are protected. But to your broader question, I mean, obviously,
- 41:32Speaker 9: there's always a concern when we have financial institutions and
- 41:35Speaker 9: banks coddle up to the political power, regardless of whichever
- 41:39Speaker 9: political institution is there. And Paraguay is a perfect example.
- 41:41Speaker 9: And I think it's important that the American people maintain
- 41:44Speaker 9: are well-informed to look into these situations and make sure
- 41:47Speaker 9: that they demand, both from the executive and legislative branch, that, look,
- 41:50Speaker 9: Just because these financial institutions might appear to be too
- 41:53Speaker 9: big to fail doesn't mean they should run amok and
- 41:55Speaker 9: run freely. And there should be oversight in what they
- 41:57Speaker 9: do because Paraguay is the worst case example. But it
- 42:00Speaker 9: would be foolish to think that it couldn't happen here
- 42:03Speaker 9: if we don't maintain strong regulation and oversight.
- 42:06Speaker 2: CEO of Artorias, Stefano Rittendale, thank you for coming on
- 42:10Speaker 2: the show. And we might have to start digging some
- 42:12Speaker 2: holes in our backyard to hide our money at this point.
- 42:14Speaker 5: Well, thank you so much for having me. All right.
- 42:16Speaker 5: Thank you.
- 42:18Speaker 2: After the break, the left ran their midterms messaging on
- 42:22Speaker 2: the economy, but the latest numbers proved that it wasn't
- 42:24Speaker 2: nearly as bad as they were telling the nation it was.
- 42:27Speaker 2: We take a look at the October jobs report.
- 42:29Speaker 1: Don't go anywhere.
- 42:35Speaker 3: For all of our viewers out there asking where to
- 42:37Speaker 3: watch One America News, we'd like to introduce you to
- 42:40Speaker 3: OAN Live. OAN Live is the best way to stay
- 42:42Speaker 3: up to date on the hardest hitting news and our
- 42:45Speaker 3: talk shows. And the best part is OAN Live is
- 42:47Speaker 3: only $ 4. 99 per month. Credible, honest, and unbiased reporting at
- 42:52Speaker 3: a fraction of the cost of cable. So just click
- 42:55Speaker 3: on the link at the top of our homepage, oann.com,
- 42:58Speaker 3: to easily sign up for the news and conservative talk
- 43:01Speaker 3: you can't get anywhere else.
- 43:11Speaker 2: I want you to remember something. For months, the message
- 43:15Speaker 2: from the Democrats' campaign machine was simple. The economy is
- 43:18Speaker 2: a disaster and you're drowning.
- 43:21Speaker 1: Every ad, every stump speech, every cable hit. Doom, doom, doom.
- 43:26Speaker 2: Well, the election's over and this morning, the Bureau of
- 43:29Speaker 2: Labor Statistics dropped its October jobs report.
- 43:32Speaker 1: Let's see how the doom is holding up.
- 43:35Speaker 2: America added 165,000 jobs in October. Economists were expecting somewhere
- 43:42Speaker 2: around 60 to 65,000. That's not a beat. That's more
- 43:46Speaker 2: than double. The August numbers were revised from 53,000 to 186,000.
- 43:49Speaker 2: In September, that number got revised up to from 29,000
- 43:50Speaker 2: to 60,000. Unemployment down to 4.1%. Wall Street wanted to
- 43:52Speaker 2: see it hold steady. It actually fell. And wages, well,
- 44:06Speaker 2: the average hourly earnings rose 14 cents in a single month,
- 44:10Speaker 2: up 0.4% to about $ 38 an hour. Paychecks going up,
- 44:15Speaker 2: more people working. Funny way to run a catastrophe. Now
- 44:19Speaker 2: let's talk about the thing that every family feels every
- 44:22Speaker 2: single week, the pump. CBS News is reporting that the
- 44:26Speaker 2: national average for gas is sitting around $ 4. 06 a gallon,
- 44:30Speaker 2: and the experts at GasBuddy expected to dip below $ 4
- 44:33Speaker 2: within days. the first time since July. Diesel could fall
- 44:37Speaker 2: under $ 6 by Thanksgiving. Brent crude just dropped below $ 100
- 44:41Speaker 2: for the first time since September. Oil tanker traffic through
- 44:44Speaker 2: the Strait of Hormuz is picking back up, and the
- 44:47Speaker 2: Trump administration has been pulling the levers the whole way,
- 44:50Speaker 2: waving the Jones Act, opening up diesel supply, easing the squeeze.
- 44:55Speaker 2: So let me get this straight. Jobs up, unemployment down,
- 44:58Speaker 2: wages up, gas heading under $ 4, and we were told
- 45:01Speaker 2: the sky is falling.
- 45:05Speaker 1: Now, let me be fair.
- 45:06Speaker 2: $ 4 a gallon is still not cheap. Plenty of families
- 45:11Speaker 2: are still stretching every dollar. And yes, the experts say
- 45:14Speaker 2: that some of that gas drop is seasonal, winter blend,
- 45:17Speaker 2: fewer road trips. But here's my point. There is a
- 45:20Speaker 2: big gap between prices are too high and the economy
- 45:24Speaker 2: is collapsing. One is a legitimate argument. The other is
- 45:29Speaker 2: a campaign slogan. And this morning's numbers just put it
- 45:32Speaker 2: through the shredder. Because here's the thing. You can't tell
- 45:35Speaker 2: a guy who just got hired that the job market
- 45:38Speaker 2: is dead. You can't tell a family watching the gas
- 45:41Speaker 2: fall that the sky is falling. People live in their economy.
- 45:45Speaker 2: They don't live in your talking points. The lesson for
- 45:48Speaker 2: the left campaigning on pessimism is a gamble. And when
- 45:52Speaker 2: the data turns around on you, you look like you
- 45:55Speaker 2: were rooting against the country. Now, the Fed's watching all this, too,
- 45:58Speaker 2: so we'll see how it plays out in December. But today,
- 46:01Speaker 2: the facts are the facts. More jobs, lower unemployment, higher pay,
- 46:05Speaker 2: cheaper gas. I'm not saying it's morning in America, but
- 46:09Speaker 2: I am saying that it's a whole lot better than
- 46:11Speaker 2: the forecasts you were sold. Joining me now, he's the
- 46:15Speaker 2: CEO of Mergence Global. Please welcome Mr.
- 46:19Speaker 5: Corey Ruth.
- 46:20Speaker 2: Corey, the economy added 165,000 jobs in October, more than
- 46:25Speaker 2: double what economists expected. Is this the beginning of a
- 46:29Speaker 2: genuine economic turnaround, or should we be cautious about celebrating
- 46:33Speaker 2: a strong one month? And perhaps more importantly, do voters
- 46:38Speaker 2: even care about this? Because it seems like they don't.
- 46:42Speaker 10: You know, the one challenge for the economy, which is
- 46:45Speaker 10: built on confidence, is that the administration and Republicans in
- 46:48Speaker 10: general have not yet made a clear, sustained case for
- 46:53Speaker 10: Trump's economic agenda. We don't see them making a full-throated argument,
- 46:58Speaker 10: particularly outside of the core communicators on Trump's team. Argument
- 47:04Speaker 10: for some of the economic wins. I mean, the American
- 47:07Speaker 10: people are still largely unaware of much of the positive
- 47:10Speaker 10: things that the Trump administration has been able to accomplish.
- 47:13Speaker 6: A lot of what you said today.
- 47:14Speaker 10: Around the Strait of Hormuz and things that you said
- 47:18Speaker 10: around inflation and the things you said around gasoline. The
- 47:23Speaker 10: American people just don't know. What they're hearing is a
- 47:26Speaker 10: total opposite. And I think the administration and Republicans in
- 47:30Speaker 10: general have to do a better job communicating that.
- 47:33Speaker 2: Democrats spent months campaigning on a struggling economy, yet today's
- 47:37Speaker 2: jobs report came in surprisingly strong. Did Democrats underestimate the
- 47:41Speaker 2: economy's resilience or did Republicans fail to communicate their success completely?
- 47:48Speaker 10: I think the economists underestimated it for sure. I mean, 165,000
- 47:53Speaker 10: new jobs, that's 180% higher than expectation. And what's really
- 47:58Speaker 10: good about it is that that number is driven by
- 48:02Speaker 10: 96% of it is driven by private sector jobs. So 159,000
- 48:07Speaker 10: new jobs. And that's on top of the prior two
- 48:10Speaker 10: months that you said was revised upward. So for a
- 48:13Speaker 10: combined 61,000 net new jobs, that weren't previously estimated.
- 48:20Speaker 6: So this was gangbusters.
- 48:23Speaker 10: And then those 159,000 private sector jobs were unusually broad
- 48:28Speaker 10: based in that 70,000 of them came from professional services.
- 48:32Speaker 6: So these aren't low-end, low-wage jobs.
- 48:36Speaker 10: 42,000 in healthcare, 19,000 in manufacturing jobs, which is incredible.
- 48:41Speaker 10: And that means there were over 100,000 new manufacturing jobs
- 48:44Speaker 10: since January.
- 48:45Speaker 8: Right.
- 48:46Speaker 2: We have to be realistic, though, too, because wages are rising,
- 48:49Speaker 2: but prices are still too high and Americans are still
- 48:52Speaker 2: struggling to make ends meet. What will it actually take
- 48:56Speaker 2: for working families to regain the purchasing power that they've
- 48:59Speaker 2: lost over the last several years?
- 49:01Speaker 10: Well, I do think that there's a portion of the
- 49:03Speaker 10: affordability crisis that has a lot to do with like
- 49:07Speaker 10: this sort of COVID economy where we started tipping more
- 49:12Speaker 10: for every service that we that we use and where
- 49:15Speaker 10: we're using delivery services more, so that item that cost
- 49:19Speaker 10: you nine dollars now cost you 15 because you're delivering it.
- 49:23Speaker 10: And also where we have these micro financing for retail.
- 49:27Speaker 6: So in a firm.
- 49:29Speaker 10: And so what happens is people are buying more than
- 49:32Speaker 10: they normally would because they can microfinance it.
- 49:35Speaker 6: And then they don't realize where that money went.
- 49:37Speaker 10: So part of the affordability crisis is that, is sort
- 49:41Speaker 10: of the COVID economy. And the other part is during COVID,
- 49:45Speaker 10: we shut the economy down completely. But really what we
- 49:48Speaker 10: did is we shut off supply.
- 49:51Speaker 6: We never stopped demand. So demand was pent up.
- 49:54Speaker 10: And so when they reopened the economy, supply since then
- 49:59Speaker 10: has still been trying to catch up with demand, and
- 50:01Speaker 10: that's driving prices up.
- 50:03Speaker 2: So Republicans just suffered enormous losses in the midterms, despite
- 50:08Speaker 2: those encouraging economic numbers. What needs to happen over the
- 50:11Speaker 2: next two years for Americans to feel genuinely better off,
- 50:14Speaker 2: regardless of what the economic statistics say?
- 50:17Speaker 6: We got to do a better job communicating, man.
- 50:19Speaker 10: You know, the Trump administration, obviously, President Trump is the
- 50:23Speaker 10: lead communicator and he talks about it often.
- 50:26Speaker 6: But we need a broad based communication. We need Republican governors.
- 50:29Speaker 10: We need Republican senators and Congress people not to hold
- 50:33Speaker 10: the administration and its accomplishment at arm's length. I mean,
- 50:36Speaker 10: we barely saw any Republicans that were running for office
- 50:40Speaker 10: willing to defend tariffs and the jobs and the manufacturing
- 50:45Speaker 10: that was coming back and the factories that are being built.
- 50:48Speaker 10: You know, when people were talking about shutting, putting a moratorium,
- 50:52Speaker 10: for instance, on data center bills, we rarely saw Republicans
- 50:56Speaker 10: making a full-throated case for why we need to win
- 51:00Speaker 10: the AI race and what that actually means, not just
- 51:03Speaker 10: as a cliché. And so we have to do a
- 51:05Speaker 10: better job being a cheerleader of these policies because we
- 51:09Speaker 10: can't expect that to come from the broad-based media, and
- 51:12Speaker 10: we certainly can't expect it to come from Democrats.
- 51:14Speaker 1: I completely agree. I think AI is going to be,
- 51:16Speaker 1: if it's big now in the next two years, I
- 51:19Speaker 1: think it's going to be huge for 2028. Absolutely.
- 51:22Speaker 2: CEO of Emergence Global, Mr. Corey Ruth, thank you for
- 51:25Speaker 2: coming on the show.
- 51:27Speaker 6: Absolutely. Thanks for having me.
- 51:29Speaker 2: That's our show for tonight. Thanks for sticking with us.
- 51:31Speaker 2: David Pollack will be back again on Monday. So join
- 51:34Speaker 2: us then for another indispensable breakdown of today's headlines. As always,
- 51:38Speaker 2: be sure to stay in touch with us on social media.
- 51:40Speaker 2: You can find David at DavidPollackUSA on all platforms or
- 51:44Speaker 2: send us an email at DavidPollackPrimetime at OAN.com.
- 51:48Speaker 1: Have a great weekend. America, be safe. Don't despair. And remember,
- 51:53Speaker 1: Christ is King.
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