Latest / The Chuck ToddCast / Full Episode - Trump Suffers From “Obama Derangement Syndrome” + Voting On Your Phone Could Be The Future Of Democracy

Transcript

Full Episode - Trump Suffers From “Obama Derangement Syndrome” + Voting On Your Phone Could Be The Future Of Democracy · The Chuck ToddCast

0:00
Speaker 1: It's sponsorship time. But you know what, it's really great
0:02
Speaker 1: when you get a sponsor that you already use. And
0:06
Speaker 1: guess what. Quint's is something that in the Todd household
0:09
Speaker 1: we already go to. Why do we go to Quint's
0:10
Speaker 1: Because it's a place you go where you can get
0:13
Speaker 1: some really nice clothes without the really expensive prices. And
0:17
Speaker 1: one of the things I've been going through is I've
0:18
Speaker 1: transitioned from being mister cot and tie guy to wanting
0:22
Speaker 1: a little more casual but to look nice doing it.
0:25
Speaker 1: Is I've become mister quarter zip guy. Well guess what.
0:28
Speaker 1: Guess who's got amazing amounts of quarter zips? It is Quints.
0:32
Speaker 1: I have gotten quite a few already from there. The
0:36
Speaker 1: stuff's really nice. They have Mongolian cashmere sweaters for fifty dollars.
0:40
Speaker 1: I just know, hey, cashmere, that's pretty good. You don't
0:43
Speaker 1: normally get that for fifty bucks or less. Italian wool
0:46
Speaker 1: coats that look and feel like designer the stuff. I'll
0:49
Speaker 1: be honest, right, you look at it online, you think, okay,
0:51
Speaker 1: is this really as nice as it looks? Well, when
0:52
Speaker 1: I got it, I was like, oh, this is real quality.
0:54
Speaker 1: So yeah, I'm going to end up making sure I
0:57
Speaker 1: take it to my dry cleaner so I don't screw
0:59
Speaker 1: it up when I clean it. But I've been quite impressed.
1:02
Speaker 1: In Hey, it's holiday season. It is impossible to shop
1:06
Speaker 1: for us middle aged men. I know this well. Tell
1:08
Speaker 1: your kids, tell your spouses, tell your partners. Try Quints.
1:12
Speaker 1: Or if you're trying to figure out what to get
1:14
Speaker 1: your adult child, what to get your mom or dad,
1:18
Speaker 1: I'm telling you you're gonna find something that is going
1:20
Speaker 1: to be comfortable for them on Quints. So get your
1:23
Speaker 1: wardrobe sorted and your gift list handled with Quints. Don't wait.
1:27
Speaker 1: Go to quints dot com slash chuck for free shipping
1:30
Speaker 1: on your order and three hundred and sixty five day
1:32
Speaker 1: returns now available in Canada as well. That's qui nce
1:37
Speaker 1: dot com, slash chuck, free shipping and three hundred and
1:41
Speaker 1: sixty five day returns quints dot com slash chuck. Use
1:46
Speaker 1: that code. Hello there, Happy Friday, and welcome to another
1:53
Speaker 1: episode of The Chuck Podcast. My apologies. The Chuck Podcast
1:58
Speaker 1: headquarters had a traveled day that they had to deal with,
2:02
Speaker 1: so that's why we are coming to you a day late.
2:04
Speaker 1: My apologies for that but it's actually a good time
2:06
Speaker 1: to remind you that, hey, guess what. Thanks to the
2:09
Speaker 1: holidays and various issues, including the college football playoff, my
2:14
Speaker 1: publishing schedule is going to be at tad shorter next week.
2:18
Speaker 1: I am not going to drop a new episode on
2:20
Speaker 1: Christmas Day, which would normally be the schedule we will have.
2:24
Speaker 1: We will have two down two downloads next week, one
2:29
Speaker 1: on Monday and one on Wednesday. Then we'll do the
2:32
Speaker 1: super long weekend and go from there. But you will
2:35
Speaker 1: have two new feeds for me next week, not just
2:40
Speaker 1: It's not going to just be holiday reruns or anything
2:43
Speaker 1: like that. But yes, I am here a day late,
2:46
Speaker 1: so my apologies for that. But again, like I said,
2:49
Speaker 1: the production headquarters of the Check podcast had to relocate
2:54
Speaker 1: in preparation for the holidays, and it involved some road tripping,
3:02
Speaker 1: and we'll just leave it at that. I also want
3:06
Speaker 1: to promote what I have today. My interview is with
3:08
Speaker 1: a gentleman by the name of Bradley Tusk. He is
3:11
Speaker 1: a democratic, sort of a democratic operative of sorts. He
3:16
Speaker 1: was a campaign manager for Michael Bloomberg's successful third term
3:21
Speaker 1: run for New York City mayor back in two thousand
3:23
Speaker 1: and nine, But he's really more in the investor space,
3:29
Speaker 1: and he's actually focused when it comes to small d
3:33
Speaker 1: democratic reforms on an effort to make mobile voting mainstream.
3:38
Speaker 1: And in fact, the first experiment is going to take
3:40
Speaker 1: place in Anchorage, Alaska, Alaska, considering how many people live
3:45
Speaker 1: in very remote areas not the easiest to either vote
3:49
Speaker 1: by mail, vote early, and so Bradley Tusk will make
3:54
Speaker 1: the case that this is safe. If it's safe enough
3:58
Speaker 1: for you to do transactions for the Internet, when it
4:01
Speaker 1: comes to your bank accounts, buying and selling stock and
4:04
Speaker 1: bitcoin and all that business, why shouldn't we have a
4:09
Speaker 1: mobile voting Estonia actually is the one country in the world,
4:13
Speaker 1: but it's been doing this the longest. Let's be realistic,
4:17
Speaker 1: in thirty years this is going to be mainstream. The
4:21
Speaker 1: question is how many generations is it going to take
4:26
Speaker 1: for us to have to die off before there is
4:29
Speaker 1: trust in this. I think we are in this current
4:32
Speaker 1: moment very distrustful of each other, distrustful of big tech.
4:38
Speaker 1: So it's hard to imagine mobile voting going mainstream in
4:41
Speaker 1: the next two to five years. But considering everything you know,
4:47
Speaker 1: how about you know, when's the last time you wrote
4:48
Speaker 1: a check, a physical check these days. Right, I'm not
4:52
Speaker 1: saying some of you don't do it.
4:53
Speaker 2: I do it.
4:54
Speaker 1: I at least write one check a month. So I'm
4:57
Speaker 1: somebody who's still writing the occasional actctual paper check. But
5:01
Speaker 1: I know I'm in the minority, and so we're going
5:04
Speaker 1: to get there. The question is how long will adoption
5:08
Speaker 1: take anyway we go through this and some other The
5:12
Speaker 1: other interesting aspect by my conversation with Bradley Tusk is
5:16
Speaker 1: I sort of challenge him to say, you know, give
5:19
Speaker 1: advice to the Democrats. How can they be more friendly
5:23
Speaker 1: towards business without sort of giving away the store if
5:26
Speaker 1: you will? Right like, right now, you have a Trump
5:29
Speaker 1: Republican party that is not interested in doing any regulating
5:33
Speaker 1: with business. Basically, you know, it's regulate, it's regulation or
5:37
Speaker 1: no regulation depending on what you want and how big
5:40
Speaker 1: of a check you write. Very transactional. I think it's
5:45
Speaker 1: easy to classify it as as as borderline corrupt. Some
5:50
Speaker 1: of you may say, why did you use the why
5:52
Speaker 1: did you use borderline? But it certainly is the process
5:56
Speaker 1: itself these days when it comes to big business and
5:59
Speaker 1: the Trumpet min isration, it's a corrupt bargain. Uh, and
6:02
Speaker 1: it is you know, we're you know, capitalism itself needs
6:07
Speaker 1: good regulation, We need some good guard rails. But the
6:12
Speaker 1: Democratic Party is in a real trap on this because
6:16
Speaker 1: if you if, if you're in a if you're trying
6:18
Speaker 1: to woo a constituency and the person and the entity
6:21
Speaker 1: you're running against says, hey, you know, go ahead, you know,
6:27
Speaker 1: no rules, we don't want any Yeah, no, no, you don't
6:29
Speaker 1: want ai regulation in the States, Sure we'll sign a moratorium,
6:34
Speaker 1: you know, No matter how how much that maybe individually
6:37
Speaker 1: some of these business groups may think, yeah, we there
6:41
Speaker 1: probably ought to be some structured regulation. And you know what,
6:44
Speaker 1: what the Democrats are asking for doesn't seem to be
6:48
Speaker 1: totally unreasonable. How do you go to your shareholders if
6:52
Speaker 1: you can get if you can actually have no guardrails
6:55
Speaker 1: on your business, or you can have minimal guardrails on
6:58
Speaker 1: your business. And one party is saying that. Now again,
7:02
Speaker 1: I think at some point this is going to implode
7:04
Speaker 1: on them, you know, the lack of regulation on social media.
7:07
Speaker 1: Look what we have today, right, we destroyed the information ecosystem.
7:10
Speaker 1: So but it's an interesting challenge they have, and it's
7:15
Speaker 1: not easy. And obviously the party itself is not united
7:18
Speaker 1: on this either. And I think it's fair to say
7:20
Speaker 1: that mister Tuskett, I don't think he's you know, if
7:23
Speaker 1: he if he if he qualifies as a Democrat. He's
7:26
Speaker 1: very much in that center left portion of the Democratic Party.
7:31
Speaker 1: And of course they're in in some ways in a
7:33
Speaker 1: huge debate with the more progressive wing of the party
7:36
Speaker 1: about the direction of when it comes to how accommodating
7:39
Speaker 1: are you to business and how and how unaccommodating should
7:44
Speaker 1: things be? So it is uh, I do think the
7:47
Speaker 1: conversation is more than just about mobile voting. I want
7:51
Speaker 1: to alert you to that, and I think it'll be
7:53
Speaker 1: I think it'll be a worthy conversation for those of
7:55
Speaker 1: you that are wondering where's the Democratic Party going and
7:58
Speaker 1: what can the Can there be a constructive political relationship
8:03
Speaker 1: with the business community in a way that doesn't essentially
8:08
Speaker 1: turned business away from one party? Again, it's just not good.
8:12
Speaker 1: It's never good if one party becomes a party of
8:14
Speaker 1: one thing. And you know, it's like, you know, take
8:17
Speaker 1: the issue of Israel. You know the damage that Benjamin
8:21
Speaker 1: meant now, who has done to the pro Israel movement
8:24
Speaker 1: in this country, is just incalculable. But he made it
8:28
Speaker 1: a partisan issue. And the minute you take an issue
8:31
Speaker 1: and turn it into a partisan issue, and you lose
8:32
Speaker 1: all your allies on one side of the aisle because
8:35
Speaker 1: you think, well, I've got more allies on this side
8:37
Speaker 1: of the aisle, so I'm going to punish that party.
8:39
Speaker 1: But over time, not having bipartisan supporters will bite you.
8:42
Speaker 1: And then you know what, at some point, and Israel's
8:45
Speaker 1: cause is being hurt because of what Yahu, how much
8:49
Speaker 1: he's politicized. You know, he got involved in America's politics
8:52
Speaker 1: as leader back during the Obama era, and that really
8:56
Speaker 1: is now doing extraordinary damage to the relationship between the
9:02
Speaker 1: West in general and Israel. So it's it's you know,
9:09
Speaker 1: that's if you're ever wondering what's that's the downside, asked,
9:13
Speaker 1: Look ask the gun rights movement. Right when the NRA
9:16
Speaker 1: cared about being bipartisan, they had a lot more traction,
9:20
Speaker 1: if you will, then when they gave up their decision
9:23
Speaker 1: to be bipartisans. So it is it's all about how
9:28
Speaker 1: devoted are you to your cause? Right, if you really
9:31
Speaker 1: care about your cause, you should fear ever allowing yourself
9:36
Speaker 1: to become to become sort of to side with just
9:43
Speaker 1: one party, it'll eventually actually hurt the cause that you
9:48
Speaker 1: care about. Israel to me is as good of example
9:51
Speaker 1: as any of the point I'm trying to make there.
9:54
Speaker 1: But before we get to my interview with Bradley Tuske,
9:56
Speaker 1: look where I haven't talked, do you sits? The President
10:01
Speaker 1: addressed the nation, and you know, look the way I
10:08
Speaker 1: looked at this address was through the prism. You know,
10:12
Speaker 1: I always look at these things. What are you trying
10:13
Speaker 1: to accomplish? When you ask for time? When you want
10:15
Speaker 1: to address the nation in primetime, presidents are usually doing
10:19
Speaker 1: a couple of things. One Sometimes they're explaining a controversial decision.
10:25
Speaker 1: I remember George W. Bush addressing the nation on his
10:28
Speaker 1: decision about whether the government would fund stem cell research,
10:33
Speaker 1: particularly embryonic stem cell research. Sometimes you're announcing a war,
10:39
Speaker 1: you know, whether it's Iraq. I think some people, thanks
10:43
Speaker 1: to Tucker Carlson rumor MANGERI thought that maybe he was
10:47
Speaker 1: going to address the nation about what his plans were
10:51
Speaker 1: for Venezuela. He did nothing about Venezuela. In fact, I'm
10:57
Speaker 1: not saying I want a primetime address on that, but
10:59
Speaker 1: he is ever made the case for what he's doing,
11:01
Speaker 1: why he's doing it, what the point is all of
11:04
Speaker 1: You know, it has been left to the rest of
11:06
Speaker 1: us to sort of figure out what the agenda is
11:09
Speaker 1: here with Venezuela. And sometimes you're trying to make a
11:14
Speaker 1: case for a political argument. It's rare that the networks
11:18
Speaker 1: will give you that. But the networks will be accommodating
11:20
Speaker 1: if you haven't abused the privilege. And in this case,
11:23
Speaker 1: in fairness to Donald Trump, he hadn't asked for prime
11:25
Speaker 1: time from the networks. I don't think he had asked
11:28
Speaker 1: for it yet, and if he did and was rejected,
11:31
Speaker 1: it hadn't been reported upon. So and you know, I
11:35
Speaker 1: think that he was going to be given some leeway.
11:38
Speaker 1: So it was clear he was trying to fix his
11:42
Speaker 1: politics a little bit, trying to address his bad poll writings,
11:45
Speaker 1: particularly on the economy and in theory. I'm guessing the
11:50
Speaker 1: whole plan about this and Donald Trump sort of as usual.
11:54
Speaker 1: It's weird. He bullshits all the time, but he will
11:58
Speaker 1: tell you the truth when it comes to like optic things.
12:01
Speaker 2: Right.
12:01
Speaker 1: So, after the speech is over, there were people in
12:03
Speaker 1: the room that heard him. Wow, this was a SUSI idea,
12:06
Speaker 1: you know, sort of he sort of admitted that this
12:09
Speaker 1: wasn't his idea. Eighteen minutes is never his idea. You know,
12:12
Speaker 1: it takes him an hour to clear his throat, right,
12:14
Speaker 1: And that's why this speech was I've seen some people
12:16
Speaker 1: describe it as taking a two hour Trump rally speech
12:20
Speaker 1: and trying to turn it into eighteen minutes.
12:23
Speaker 2: It was that.
12:23
Speaker 1: That's not a bad description of what it was, because
12:27
Speaker 1: in some ways it was just you know, it was
12:31
Speaker 1: just it was Trump on speed, right, and it was
12:34
Speaker 1: just rattat tat. Nothing was unfamiliar. If you've ever watched
12:39
Speaker 1: a Trump rally speech or any sort of lengthy period
12:43
Speaker 1: about Trump remarks, he has the crazy straw man arguments.
12:46
Speaker 1: You know, it was the worst inflation in the history
12:48
Speaker 1: of mankind. It was the best this, and it's the
12:50
Speaker 1: best that, and so the worst that, all of which
12:52
Speaker 1: are provably, you know, they're just it makes fact checking him, actually,
12:57
Speaker 1: I think, and possible task, because yes, he does. You know,
13:03
Speaker 1: he doesn't usually say anything that's factually true, but he
13:08
Speaker 1: sometimes says things that are directionally accurate ish, you know,
13:14
Speaker 1: like take gas prices, Yeah they're down, They're not down.
13:17
Speaker 1: The way he said, they were down, but they're down
13:19
Speaker 1: a little bit, okay, And certainly he was helped by
13:23
Speaker 1: the news that the inflation numbers were a little cooler
13:28
Speaker 1: than what was expected. By the way, still over two percent, right,
13:31
Speaker 1: still above the line that the Federal Reserve says is good.
13:36
Speaker 1: We're still sitting And by the way, you know, this
13:39
Speaker 1: was a trap that the Biden administration found themselves in.
13:43
Speaker 1: They say, hey, inflation is lowering. Yeah, but it's not
13:45
Speaker 1: like prices are going down. Prices are still increasing. They're
13:49
Speaker 1: just slowing in the rate of increase. And that's what's happening.
13:54
Speaker 1: Now everything keeps going up. Okay, it's not going up
13:58
Speaker 1: at three percent, but still I'm not only going up
14:00
Speaker 1: two percent. It's now going up closer to three than
14:02
Speaker 1: closer to two. But at least it's under three percent.
14:05
Speaker 1: That is certainly progressed. It also could simply be statistical
14:09
Speaker 1: noise because we had a government shutdown, we had some month,
14:12
Speaker 1: you know, so really, let's let's let's see what the
14:14
Speaker 1: numbers are in two months. That will tell you whether
14:17
Speaker 1: this was a blip or whether this is the beginning
14:20
Speaker 1: of a trend. And somehow the numbers might continue to
14:23
Speaker 1: go down. So I'm going to judge this speech through
14:27
Speaker 1: the prism of what I think what is clear that
14:30
Speaker 1: they were trying to accomplish, which was he was trying
14:32
Speaker 1: to essentially tell voters to give them more time. Hey,
14:38
Speaker 1: things aren't you know, we know you're not happy. But
14:41
Speaker 1: here's what I've done, and here's the progress we expect. Now,
14:46
Speaker 1: he didn't give it to you in that way. Right,
14:49
Speaker 1: he can't admit that things aren't working yet. He has
14:52
Speaker 1: to say they're lying to you or things are so
14:56
Speaker 1: bad it took us forever to turn around. And you
15:00
Speaker 1: know so, I think if the goal was to reassure
15:04
Speaker 1: the public that isn't a part of his political base
15:07
Speaker 1: that things are going to be okay, I think he
15:09
Speaker 1: did a terrible job at that. He instead used the
15:13
Speaker 1: language of his right wing base. Right, it is, it is.
15:17
Speaker 1: If you're addressing the nation, you're you're you're trying to
15:19
Speaker 1: talk to voters you don't normally get to talk to. Right,
15:23
Speaker 1: here's already talking to MAGA plenty. And he may have
15:26
Speaker 1: some issues within his MAGA base that he's got to
15:28
Speaker 1: deal with. There are better ways to deal with that
15:31
Speaker 1: than doing an address to the nation. He'd be better
15:34
Speaker 1: off going on Joe Rogan, he'd be better off talking,
15:38
Speaker 1: you know, directly, you know, doing a sit down with
15:42
Speaker 1: Sean Hannity, or doing a sit down with lor Ingram,
15:44
Speaker 1: which which he's likely My guess is he probably gets
15:49
Speaker 1: one of those in at the beginning of next year
15:51
Speaker 1: in some form or another. But if you're going to
15:56
Speaker 1: address the nation, then you actually need to speak to
15:58
Speaker 1: the voters that are that are not totally tuning you out,
16:02
Speaker 1: but they're never they're not huge fans of yours either,
16:06
Speaker 1: And that's the part where there was just simply no
16:08
Speaker 1: self awareness, and his lack of self awareness I think
16:11
Speaker 1: is sort of ultimately his achilles heel. So he comes
16:15
Speaker 1: comes across bloviating. He's bssing his way through crazy statistics.
16:21
Speaker 1: He's saying things that aren't true easily prove that they
16:25
Speaker 1: aren't true. But in some ways that's not the point.
16:28
Speaker 1: You know, he's trying to make his weak case on
16:33
Speaker 1: the economy look better in comparison, and that's truly the
16:37
Speaker 1: problem he has. To me, he's got two giant issues
16:41
Speaker 1: that are going to haunt Republicans in twenty twenty six.
16:44
Speaker 1: One is healthcare, and you know, this was an opportunity
16:47
Speaker 1: to deal with it, and he didn't do a good
16:49
Speaker 1: job dealing with it. And the second is rising electric
16:51
Speaker 1: bills that actually he made an attempt to deal with
16:56
Speaker 1: better than he did on healthcare. So let me unpack
17:00
Speaker 1: both of those. On healthcare, he you know, he's so
17:04
Speaker 1: fixated on it being a Barack Obama situation. You know
17:09
Speaker 1: that this is Barack Obama's legacy, and so in his head,
17:14
Speaker 1: making that work is somehow him supporting Barack Obama. And
17:18
Speaker 1: he doesn't want to get caught supporting Barack Obama. You know,
17:21
Speaker 1: for a man who's assumes that everybody who doesn't like
17:24
Speaker 1: him has Trump derangement syndrome, he clearly has Obama derangement syndrome.
17:29
Speaker 1: And he has had Obama derangement syndrome. I can tell
17:32
Speaker 1: you the specific moment that he got it. He got
17:35
Speaker 1: it when the Obama White House didn't return his calls
17:39
Speaker 1: on allowing him to take over the state dinner process.
17:46
Speaker 1: This goes back to two thousand and nine. I've discussed
17:48
Speaker 1: this those of you that are longtime listeners of mine,
17:51
Speaker 1: I've discussed this before. It was actually in my Obama
17:54
Speaker 1: book called the Stranger where my favorite chapter is the
17:59
Speaker 1: cha do I write about sort of that that entire
18:02
Speaker 1: sort of Trump burtherism, Bin laden right, that entire White
18:06
Speaker 1: House correspondence weekend, which was the humiliation of Donald Trump
18:10
Speaker 1: by Barack Obama combined with the capture in Killo of
18:14
Speaker 1: Osama Bin laden right, It was just sort of an
18:17
Speaker 1: extraordinary personal moment in some ways political triumph for Barack Obama.
18:22
Speaker 1: But you know, all Trump viewed it as was a
18:24
Speaker 1: personal humiliation, and so in his head, if he makes
18:29
Speaker 1: a government entity work better, but that entity was created
18:34
Speaker 1: by Barack Obama, then then he doesn't want to do it.
18:39
Speaker 1: You know, this is to me one of the worst
18:41
Speaker 1: viruses that's running through our politics right now, but particularly
18:44
Speaker 1: on the Republican side of the aisle, which is they
18:46
Speaker 1: only want to govern for those who support them. When
18:49
Speaker 1: you get elected President of the United States, governor of
18:52
Speaker 1: a state, a congressional representative, you've been asked to represent
18:57
Speaker 1: the entire population. What's in the entire population's best interests
19:02
Speaker 1: you obviously, you know, the good politicians figure out what's
19:08
Speaker 1: in their constituent's best interest and what's politically helpful to them.
19:15
Speaker 1: But he doesn't you know, this is a guy who
19:17
Speaker 1: doesn't want to make government work well for those that
19:21
Speaker 1: he thinks don't support him, so he views it this way.
19:24
Speaker 1: They've had fifth, we're up to now sixteen years to
19:27
Speaker 1: come up with an alternative to the Affordable Care Act.
19:32
Speaker 1: And do recall that it was the Heritage Foundation that
19:36
Speaker 1: provided the framework for the Affordable Care Act. Yes, the
19:39
Speaker 1: same Heritage Foundation that has been turned into this empty
19:43
Speaker 1: vessel of a think tank that is just blindly supporting
19:47
Speaker 1: whatever Donald Trump asked them to support. But there was
19:49
Speaker 1: a time that the Heritage Foundation employed public intellectuals, academics
19:56
Speaker 1: that actually did real research. They had a conservative ideaology,
20:00
Speaker 1: but it was it was out of the Heritage Foundation
20:04
Speaker 1: who wanted to come up with an alternative to Bill
20:06
Speaker 1: Clinton and Hillary Clinton's plans for health care. That essentially
20:10
Speaker 1: created the mandate. The mandate that you know, if you
20:14
Speaker 1: were going to try to at least level out the
20:16
Speaker 1: cost of health insurance, you had to get more people
20:19
Speaker 1: in the pool, including people who are healthier. If you're
20:22
Speaker 1: going to cover those with pre existing conditions and not
20:25
Speaker 1: gouge these people simply because of their genetics, because they
20:28
Speaker 1: were born with something you had to get and you
20:31
Speaker 1: want to and we're going to go with the insurance model, okay,
20:34
Speaker 1: And this is the issue, right, we're going if you
20:36
Speaker 1: want to get the insurance companies out of the equation,
20:40
Speaker 1: then government has to guarantee healthcare. But I don't think
20:46
Speaker 1: the Republican Party is ready to support Medicare for all. Ironically,
20:50
Speaker 1: I think Donald Trump would support Medicare for all. But
20:53
Speaker 1: I don't think even this magnified version of the Republican
20:57
Speaker 1: Party is ready for Medicare for all. But I did
21:00
Speaker 1: think they would be a little more creative in this
21:02
Speaker 1: and perhaps do medicare adopt the buy into Medicare for
21:09
Speaker 1: those fifty plus, which to me, is this simpler way
21:12
Speaker 1: to do the quote public option. The people that are
21:15
Speaker 1: most concerned and worried about the cost of health insurance
21:18
Speaker 1: and access to health insurance are people in their middle
21:21
Speaker 1: ages who are creeping closer to retirement but are nervous, right.
21:26
Speaker 1: They're worried about getting laid off, They're worried about, you know,
21:28
Speaker 1: losing their health insurance through that. So having that safety
21:31
Speaker 1: net of Medicare or having that option to buy into
21:34
Speaker 1: Medicare is pretty It's one of those that it's by
21:37
Speaker 1: the way that that idea pulls super popular. You know,
21:41
Speaker 1: could I I'd love to buy in a medica it is.
21:43
Speaker 1: That's an eighty twenty issue when you set up the
21:46
Speaker 1: idea and it is. You know, there are different ways
21:50
Speaker 1: that I thought Trump was going to just essentially tweak something,
21:54
Speaker 1: slap his name on it, kind of like what he's
21:56
Speaker 1: doing with the Kennedy Center right, Slap his own name
21:58
Speaker 1: on it and say, hey, look it's a brand new healthcare.
22:00
Speaker 1: It's now Trump Care. I think there are Democrats that
22:03
Speaker 1: would have gone along with it as long as he
22:05
Speaker 1: sort of kept the structure in place and was willing
22:08
Speaker 1: to actually improve the infrastructure of the Affordable CARECT and
22:12
Speaker 1: a couple of these ideas could be ones that would
22:15
Speaker 1: have improved it. Having good life insurance is incredibly important.
22:24
Speaker 1: I know from personal experience. I was sixteen when my
22:27
Speaker 1: father passed away. We didn't have any money. He didn't
22:30
Speaker 1: leave us in the best shape. My mother, single mother,
22:33
Speaker 1: now widow, myself sixteen trying to figure out how am
22:36
Speaker 1: I going to pay for college? And lo and behold.
22:39
Speaker 1: My dad had one life insurance policy that we found
22:42
Speaker 1: wasn't a lot, but it was important at the time,
22:45
Speaker 1: and it's why I was able to go to college.
22:49
Speaker 1: Little did he know how important that would be in
22:51
Speaker 1: that moment. Well guess what. That's why I am here
22:55
Speaker 1: to tell you about Etho's life. They can provide you
22:58
Speaker 1: with peace of mind knowing your family is protected even
23:01
Speaker 1: if the worst comes to pass. Ethos is an online
23:04
Speaker 1: platform that makes getting life insurance fast and easy, all
23:08
Speaker 1: designed to protect your family's future in minutes, not months.
23:11
Speaker 1: There's no complicated process and it's one hundred percent online.
23:15
Speaker 1: There's no medical exam require you just answer a few
23:18
Speaker 1: health questions online. You can get a quote in as
23:20
Speaker 1: little as ten minutes, and you can get same day
23:22
Speaker 1: coverage without ever leaving your home. You can get up
23:26
Speaker 1: to three million dollars in coverage, and some policies start
23:29
Speaker 1: as low as two dollars a day that would be
23:31
Speaker 1: billed monthly. As of March twenty twenty five, Business Insider
23:35
Speaker 1: named Ethos the number one no medical exam instant life
23:38
Speaker 1: insurance provider. So protect your family with life insurance from Ethos.
23:43
Speaker 1: Get your free quote at ethos dot com slash chuck.
23:46
Speaker 1: So again, that's Ethos dot com slash chuck. Application times
23:52
Speaker 1: may vary, and the rates themselves may vary as well,
23:55
Speaker 1: but trust me, life insurance is something you should really
23:58
Speaker 1: think about, especially if you've got a growing family. But
24:04
Speaker 1: he seems to be stuck with a political grievance and
24:07
Speaker 1: his inability to get out of his own way on grievances. Right,
24:10
Speaker 1: we saw it. He humiliated the country with his behavior
24:14
Speaker 1: with what he said about rob Ryan or first in
24:17
Speaker 1: a tweet then doubling down on it. Just just horrendous, disgusting, sick,
24:23
Speaker 1: you name it, all of those things, but it was
24:25
Speaker 1: really just embarrassing, right, nobody. We wouldn't. I don't care
24:29
Speaker 1: how pro Trump you are, you would not accept that
24:33
Speaker 1: behavior from any family member. And I think that, And
24:36
Speaker 1: it's pretty clear there are a lot of people that noticed.
24:39
Speaker 1: There were no there's no normal people defending this. Okay,
24:42
Speaker 1: there is not a single normal conservative defending Donald Trump
24:46
Speaker 1: on this. But he's so consumed, right, this is the
24:48
Speaker 1: part of the narcissism. This is the real question. Does
24:51
Speaker 1: he have the you know, I don't know if he
24:53
Speaker 1: ever had the temperament to be president, But now as
24:55
Speaker 1: he's gotten older with less of a filter, is this
24:59
Speaker 1: more of an acute problem? Right, and this you ask like,
25:02
Speaker 1: how does this impact the day to day governing? Well,
25:05
Speaker 1: he's so consumed with his hatred of Barack Obama that
25:09
Speaker 1: he doesn't want to solve the health care problem. And
25:11
Speaker 1: he's going to punish people that likely voted for him
25:15
Speaker 1: in many places, which is the point Marjorie Taylor Green's
25:17
Speaker 1: been making. He's going to punish some of his own
25:20
Speaker 1: voters simply because he doesn't want to look like he's
25:23
Speaker 1: helping the Affordable Care Act work better. How screwed up
25:28
Speaker 1: is that?
25:28
Speaker 2: Thinking?
25:29
Speaker 1: How have we gotten so far off? You know, we
25:33
Speaker 1: have lost the plot on what representative democracy is supposed
25:38
Speaker 1: to be. Right, the inability to accept the premise that
25:43
Speaker 1: there are some things that have been created in government
25:47
Speaker 1: that were the idea of the other party. I know,
25:49
Speaker 1: I'm shocked, shocked that this happens. And the idea that
25:54
Speaker 1: you're going to punish Americans over a personal political grief,
26:00
Speaker 1: which is what he's doing with healthcare, it is, it is.
26:05
Speaker 1: It's amazing, And you're going to hear a conversation later
26:08
Speaker 1: next week. I just you know, with a with a
26:10
Speaker 1: Congression reporter who notes that there is you know, this
26:13
Speaker 1: virus is actually there are some Republicans just so angry
26:17
Speaker 1: about helping Barack Obama have an accomplishment that to this
26:21
Speaker 1: day they don't want to support making this system work
26:24
Speaker 1: despite what the country actually wants. Right, is anybody here
26:29
Speaker 1: in the game of actually being representative of the constituents
26:35
Speaker 1: that sent them here? And I think that that's so.
26:38
Speaker 1: I don't think he solved the healthcare problem. His ranting
26:41
Speaker 1: and raving about it didn't solve the problem, and so
26:45
Speaker 1: I think that he's only set himself up to more problems.
26:48
Speaker 1: I think that, you know, most of January, as far
26:52
Speaker 1: as domestic conversation in Congress, is going to be consumed
26:55
Speaker 1: by this issue of skyrocketing healthcare premium. I fully will
27:02
Speaker 1: admit I whiffed on this one. I thought because it
27:05
Speaker 1: was Tony Fabrizio, the President's poster, who's been sounding the
27:07
Speaker 1: alarm on this healthcare problem. I thought, for sure in
27:11
Speaker 1: House Republicans, don't you know, they're not going to go
27:15
Speaker 1: out on a limb and do this, a majority of
27:17
Speaker 1: them without backing of the president. And he just won't
27:20
Speaker 1: do it. Is it is setting him, you know that alone.
27:25
Speaker 1: Forget anything else about the economy, anything else about electric
27:29
Speaker 1: bills that alone is going to cost him the House
27:34
Speaker 1: control of the House. Why do I say that that's
27:37
Speaker 1: exactly what happened in twenty eighteen on that exact on
27:42
Speaker 1: this exact issue. Now, let me talk about the electric bills.
27:45
Speaker 1: I thought at least they made an attempt to say, hey,
27:47
Speaker 1: look at all the new energy, the new energy projects
27:54
Speaker 1: we have all over the country whose goal is to
27:57
Speaker 1: produce for electricity, which over time can bring down the
28:00
Speaker 1: cost of electricity. At least they were trying to acknowledge
28:07
Speaker 1: a problem that everybody is seeing.
28:09
Speaker 2: Right.
28:09
Speaker 1: You know, Look, it's easy. It's easy to sit here
28:12
Speaker 1: and and troll him on this speech and own him. Look,
28:16
Speaker 1: it was a terrible speech. He terrible at reading a teleprompter.
28:20
Speaker 1: It was it was. It was not good under any levels.
28:23
Speaker 1: But you know, I'm trying to look at it through. Okay,
28:26
Speaker 1: what were you trying to accomplish? What were his aides
28:29
Speaker 1: hoping he would do? And Lee, I see what they
28:33
Speaker 1: were trying to do on the electricity issue. I don't
28:37
Speaker 1: think it's going to work. And I think, in fact,
28:40
Speaker 1: it is the President getting in bed with big tech
28:43
Speaker 1: on AI is going to be an easy dot to
28:47
Speaker 1: connect to go to higher electric bills. Hey, he's doing
28:50
Speaker 1: this therefore, and it's this is who's doing it. It's
28:54
Speaker 1: not creating any new job in your community at all.
28:57
Speaker 1: And what's worse is it's all it's doing is ray
29:00
Speaker 1: your electric bills. That's going to be a pretty potent
29:04
Speaker 1: political argument, you know, it's always you know, a political
29:07
Speaker 1: argument becomes more potent when when you've got somebody to
29:10
Speaker 1: blame that more than just a partisan would agree that, yeah,
29:14
Speaker 1: they have some responsibility there, And it is easy to
29:18
Speaker 1: blame big tech for a lot of our problems. People
29:20
Speaker 1: are already inclined to be negative on the tech world
29:24
Speaker 1: these days because of what they've done to us with
29:27
Speaker 1: social media, what they've done to our kids. So there's
29:30
Speaker 1: there's like automatically that the tech business world is starting
29:33
Speaker 1: with a deficit, and so pointing the finger at these
29:37
Speaker 1: AI data centers is going to be it is going
29:42
Speaker 1: to be quite believable to the public. In fact, I'll
29:45
Speaker 1: be curious that we're already seeing I see metas out
29:47
Speaker 1: there with trying to put a positive spin in Hey,
29:51
Speaker 1: data centers are going to be good for your community, Okay.
29:54
Speaker 2: How it is.
29:57
Speaker 1: I think it's going to be. I think it's going
29:59
Speaker 1: to be a difficult sales pin to say the least,
30:01
Speaker 1: But I will say this, at least they had at
30:05
Speaker 1: least they tried on that front. But look, overall, I
30:09
Speaker 1: think that speech unfortunately reinforced. Look, if you didn't like Trump,
30:14
Speaker 1: nothing in that speech was going to make you empathetic
30:16
Speaker 1: or sympathetic. If you love Trump, I wonder how much
30:21
Speaker 1: you like that speech. I noticed not a lot of people,
30:24
Speaker 1: even as biggest supporters, aren't really supportive of the speech.
30:27
Speaker 1: I think they wish he would have performed it better.
30:29
Speaker 1: I mean, here's another exercise that you could do. How
30:36
Speaker 1: would Jade Vance have delivered that speech?
30:39
Speaker 2: Right?
30:40
Speaker 1: Whatever you think of jd Vance, he's at least self
30:43
Speaker 1: aware and knows how to read a room. And what
30:47
Speaker 1: that speech felt like was a president who doesn't realize
30:50
Speaker 1: how unpopular he is, doesn't realize how exhausted folks are
30:55
Speaker 1: with his antics, and border delusional right about his current
31:01
Speaker 1: political standing. He doesn't fully appreciate just you know, I
31:06
Speaker 1: think he just you know, like anybody's just blaming well,
31:09
Speaker 1: you know, it's going to be the media's fault that
31:11
Speaker 1: they're not getting the word out or then it'll soon
31:13
Speaker 1: be Congressional Republican's fault for not getting the word out,
31:15
Speaker 1: or it'll soon to be some of his aids fault
31:18
Speaker 1: for not getting or what not. But bottom line is,
31:22
Speaker 1: I think what the speech was intended to do, I
31:26
Speaker 1: think it's going to turn out to be an utter
31:27
Speaker 1: complete failure. Now, in fairness, let's wait to see does
31:30
Speaker 1: the public feel better about about his stewardship of the
31:34
Speaker 1: economy in a week or two or are they going
31:36
Speaker 1: to feel worse right that? I mean, he was the
31:39
Speaker 1: whole point of that was to try to fix what
31:41
Speaker 1: are just cratering numbers when it comes to his approval
31:45
Speaker 1: rating on the economy, and if I don't think he
31:49
Speaker 1: accomplished that task at all. A few other notes before
31:52
Speaker 1: we get to my conversation with Bradley Tusk one, uh,
31:57
Speaker 1: I just too get interest just to not servation about
32:00
Speaker 1: the so called fallout from the Vanity fair piece Susie
32:04
Speaker 1: Wiles and those that participated with that sort of deep dive.
32:12
Speaker 1: I guess I guess that what Chris Whipple had was
32:14
Speaker 1: in agreement to sort of check in, and he was
32:17
Speaker 1: good for him that he always always tape your conversations
32:20
Speaker 1: with with folks that are going to accuse you of
32:22
Speaker 1: of of something not being true. But there were two
32:27
Speaker 1: things I took away from sort of the fallout from
32:29
Speaker 1: this fallout. One the fact that there was a rally
32:33
Speaker 1: around Susie Wiles by sort of key people in the
32:38
Speaker 1: administration that are also considered credible with Magaworld and Megamedia,
32:44
Speaker 1: including Donald Trump Junior, Donald Trump himself. They didn't there
32:50
Speaker 1: was they rallied around her with statements and social media
32:54
Speaker 1: support because my guess is they were petrified that Megamedia
32:59
Speaker 1: on their own would eviscerate her, would say, hey, she's
33:03
Speaker 1: you know, she's she's not a real Trumper, She's not
33:06
Speaker 1: real MAGA. And I think that the fact that they
33:09
Speaker 1: were worried about it, and the fact that they wanted
33:11
Speaker 1: to protect her from Maga media world just eviscerating her,
33:16
Speaker 1: I think, does tell you how much credit they give
33:20
Speaker 1: to her for resuscitating him politically. And let's remember, nobody
33:25
Speaker 1: wanted to work for Donald Trump after January six, not
33:28
Speaker 1: a single person. Susie Wilds was the first quote unquote
33:32
Speaker 1: establishment person that was willing to do this. Perhaps her
33:37
Speaker 1: motivation was to screw around DeSantis. We don't know for sure,
33:40
Speaker 1: but either way, it's rare that the Trump show loyalty
33:45
Speaker 1: to somebody that needs it, and the fact that that
33:49
Speaker 1: family did is interesting and it's noteworthy. Second observation, Susie
33:58
Speaker 1: Wiles wants Marco Rubiatovi air apparent. I think it's it's now.
34:02
Speaker 1: Part of it is she knows Marco Rubio. She doesn't
34:04
Speaker 1: know Jady Vance as well. Right, She's gotten to know JD.
34:07
Speaker 1: Vance since the campaign. She's known Marco Rubio because of
34:10
Speaker 1: her influence in her work inside the Florida Republican Party.
34:15
Speaker 1: And so maybe we shouldn't be surprised, but just look
34:20
Speaker 1: at how how she talked about you know, Rubio had
34:22
Speaker 1: to get there, meaning, you know, he had to find
34:25
Speaker 1: a principled way to become part of Team Trump. Jadie
34:31
Speaker 1: Vance is a conspiracy theorist. It's just interesting that if
34:35
Speaker 1: you're JD. Vance and you're already a little paranoid, right,
34:40
Speaker 1: there's always been a little bit of paranoia. I think
34:42
Speaker 1: in that world a little bit I would be I
34:47
Speaker 1: would be worried that the president's chief of staff is looking,
34:52
Speaker 1: you know, it's going to put her finger on the
34:53
Speaker 1: scale to get Marco Rubio in a better position to
34:57
Speaker 1: be the air parent than jd Vance Now, so maybe
35:00
Speaker 1: that doesn't matter. And who knows if this is a
35:03
Speaker 1: nomination worth having by twenty eight because who knows if
35:06
Speaker 1: Trump even wants it or anything like that. But it's
35:11
Speaker 1: it's sort of like one of the under the undercovered
35:14
Speaker 1: pieces of fallout on this vanity fair thing. Is Marco
35:20
Speaker 1: Rubio has got an ally in the West Wing? Does
35:23
Speaker 1: jd Vance? Just something? Just something to think about, just
35:27
Speaker 1: something to ask, just something to do and just something
35:30
Speaker 1: to pon her all right, before we get to Bradley
35:32
Speaker 1: Teskut to talk about I don't even know what we're
35:36
Speaker 1: supposed to think of this the Trump narcissism, right, which
35:42
Speaker 1: is this ridiculous walk of fame that he's created and
35:46
Speaker 1: now he's got plaques of crazy truth social rants that
35:50
Speaker 1: he has said about, you know, whether it's about George W. Bush,
35:53
Speaker 1: Barack Obama, Joe Biden, Bill Clinton. I mean, his lack
35:59
Speaker 1: of inst in honest American history, in being honest about
36:05
Speaker 1: his predecessors is I know, we're not surprised that he
36:10
Speaker 1: behaves this way. It's not shocking, but it should be.
36:13
Speaker 1: It should bother it should bother you more than just
36:16
Speaker 1: that's annoying. And you know, I know a lot of
36:21
Speaker 1: folks are conditioned to believe that all politicians are self absorbed.
36:24
Speaker 1: At least I know it. With him, you know, we
36:28
Speaker 1: can I'm going to use the words of the of
36:31
Speaker 1: the current First Lady of the United States, though I
36:34
Speaker 1: have no idea whether she really cares or wants that role,
36:36
Speaker 1: which is, let's be better. I think she called it
36:40
Speaker 1: be best or whatever. Why can't we be better? Why
36:42
Speaker 1: can't we demand better? It is it is really sort
36:46
Speaker 1: of laughable, right, He's sort of It's both ugly and
36:52
Speaker 1: sort of weirdly funny, like that he is so consumed
36:57
Speaker 1: with denigrating his predecessors that he actually created a plaque
37:01
Speaker 1: with crazy rants of how he describes Obama, how he
37:05
Speaker 1: describes Biden, how he describes Bill Clinton, about Bill Clinton's
37:10
Speaker 1: plaque is about beating Hillary Clinton in twenty sixteen, Right,
37:13
Speaker 1: It's just all of it is sort of you're like, well,
37:16
Speaker 1: of course, you know there's I know there's some of
37:18
Speaker 1: you going, well, Donald Trump is who he is. We
37:20
Speaker 1: know who he is, right in the immortal words of
37:22
Speaker 1: the late great Dennis Green, he is who I thought
37:24
Speaker 1: he was, and yet he always finds a way to
37:29
Speaker 1: be a little uglier, to be a little He just
37:36
Speaker 1: doesn't care about the country. He doesn't care about the
37:39
Speaker 1: story of America. And that's the part of this. You know,
37:42
Speaker 1: I am.
37:44
Speaker 2: I have been.
37:46
Speaker 1: Attacked for being an institutionalist right by the by the
37:50
Speaker 1: hardcore left and the hardcore right at different times, guiltiest charged.
37:58
Speaker 1: I you know, I am a I'm a constitutionalist. I
38:03
Speaker 1: hold the Founding Fathers in high esteem, even as flawed
38:06
Speaker 1: as they were, because they gave us a hell of
38:08
Speaker 1: a blueprint to make a more perfect union. And we've
38:13
Speaker 1: we That's what I hold in high esteem, our ability
38:16
Speaker 1: to evolve, the fact that we've always had these building blocks,
38:20
Speaker 1: We've had forty plus presidents who believe in the story
38:25
Speaker 1: of America. That it is a you know, to borrow
38:29
Speaker 1: the phrase from from Martin Luther King, that they the
38:32
Speaker 1: arc of the arc of justice, bench, the arc of history,
38:35
Speaker 1: bench towards justice, and that America has sort of been
38:38
Speaker 1: on this path. And yes, it's it's not always a
38:41
Speaker 1: straight line. We bounce back and forth, and every once
38:44
Speaker 1: in a while we even have to take a step backwards.
38:48
Speaker 1: But when our when when the president himself doesn't can't
38:51
Speaker 1: even you know, accept history as it is and as
38:55
Speaker 1: it was. It's just, you know, I I know, in
39:00
Speaker 1: some ways it's like, hey, good gets better, bad gets worse.
39:03
Speaker 1: You know, in some ways, you know, we kind of
39:06
Speaker 1: see this coming. I think he's you know, the filter's
39:11
Speaker 1: going away. I think that's pretty clear, you know whatever.
39:14
Speaker 1: I'm not saying there was much of a filter there
39:16
Speaker 1: in the first term, but there was more in the
39:17
Speaker 1: first term than we're seeing now. He is his own
39:20
Speaker 1: worst enemy, right, pick your cliche on this, but it's just,
39:27
Speaker 1: you know, the fact that he used taxpayer dollars and
39:30
Speaker 1: I'm sorry, even if he paid for the plaques, he's
39:33
Speaker 1: using people that are being paid by the taxpayers to
39:36
Speaker 1: instead of figuring out how to lower the cost of
39:38
Speaker 1: health care for you, he's more consumed with creating plaques
39:45
Speaker 1: for himself. Because it's not like the general public is
39:48
Speaker 1: walking along the White House portico over the paved over
39:53
Speaker 1: rose garden by the way that he's turned into a patio. Right,
39:57
Speaker 1: and then now the absurdity of the board of directors
40:00
Speaker 1: at the Kennedy Center pass a resolution to say we've
40:04
Speaker 1: renamed the Kennedy Center, the Trump Kennedy Center. It only
40:06
Speaker 1: sort of adds to the ridiculousness that is him.
40:09
Speaker 2: Right.
40:09
Speaker 1: There are times where I think he is the Onion presidency,
40:13
Speaker 1: because you don't know whether you're reading The Onion or
40:16
Speaker 1: you're reading the New York Times on any given day,
40:19
Speaker 1: and he does so many absurd things. I had somebody
40:23
Speaker 1: very recently, good friend of mine, asked me, wait, did
40:27
Speaker 1: Trump really pave over the Rose Garden. I said, yeah,
40:30
Speaker 1: he did.
40:30
Speaker 2: He goes when did he do that?
40:31
Speaker 1: And I said it was a few months ago they
40:33
Speaker 1: had done that, and all this stuff. It was a
40:36
Speaker 1: reminder that I think one a lot of this stuff
40:40
Speaker 1: doesn't break through the general public right away, but it
40:43
Speaker 1: does eventually. And I don't care where you are politically,
40:48
Speaker 1: the fact that our president consistently wants to embarrass other presidents,
40:52
Speaker 1: wants to demean dead people, wants to you know, make
40:58
Speaker 1: memorials that are about dead presidents about himself is quite
41:05
Speaker 1: something and I think it really does offend people. And
41:08
Speaker 1: I think there's this middle of the look the end
41:10
Speaker 1: of the day, people are going to vote their own
41:13
Speaker 1: Most of these swing voters are voting what's in their
41:16
Speaker 1: own best interests, okay, And I think ultimately that's politics
41:20
Speaker 1: is ninety percent about appealing to that swing voter in
41:24
Speaker 1: their best interest rather than in your best interests. But
41:28
Speaker 1: this stuff does matter on the margins, and I think
41:31
Speaker 1: it demoralizes supporters who have a harder and harder time
41:35
Speaker 1: defending his behavior, and it motivates those that are on
41:40
Speaker 1: the fence right like, well, I don't like the Democrats
41:42
Speaker 1: on this, this, and this, but my god, at least
41:44
Speaker 1: they don't do that. I think it does matter, and
41:49
Speaker 1: I think it's one of those things. It's like I've
41:51
Speaker 1: used this metaphor a lot over the years, which is
41:55
Speaker 1: it's like watching a riverbed eroad. If you stand there,
41:58
Speaker 1: you don't see it. You come back every six months
42:01
Speaker 1: you can really see it. And I think this is
42:04
Speaker 1: one of those where why I'm a big fan of
42:08
Speaker 1: repeating my favorite Haley barberism, good gets better and bad
42:12
Speaker 1: gets worse. And in this case, the president is in
42:14
Speaker 1: a bad place and it is only getting worse. And
42:18
Speaker 1: as I look, I've been chronicling this for the last
42:20
Speaker 1: six weeks. Right, you can go back to the sub
42:22
Speaker 1: stack where I said there's cracks in the coalition. This
42:24
Speaker 1: is back in September October and pretty much everything that
42:30
Speaker 1: I was trying to foreshadow here you're starting to see, right,
42:34
Speaker 1: It's like crumble after crumble after crumble after crumble. By
42:39
Speaker 1: the way, I do have a fun little dad pun
42:40
Speaker 1: for you. You know what is the biggest cause of truth
42:45
Speaker 1: decay in the Trump White House plaque? In this case
42:51
Speaker 1: these plaques? Do you get it? Do you get it? Sorry?
42:53
Speaker 1: I could. I tried it out on a radio hit
42:55
Speaker 1: that I do with my friends of Boston and PR So, Marjorie,
42:58
Speaker 1: if you're listening, see I'm even ry it with my listeners. Here,
43:02
Speaker 1: truth decay, truth decay. Get it? Truth decay? And then
43:06
Speaker 1: these bronze plaque right, terrible, right, nothing nothing is you
43:10
Speaker 1: know what is bad for truth decay? Then made up plaques?
43:17
Speaker 2: Anyway?
43:18
Speaker 1: Yeah, I know, grown, grown away and on that. I'm
43:21
Speaker 1: gonna sneak in a break and when we come back.
43:24
Speaker 1: My conversation about mobile voting? Should we be voting on
43:27
Speaker 1: your phones? Bradley Tusk, that's NICs. Do you hate hangovers?
43:35
Speaker 1: We'll say goodbye to hangovers. Out of office gives you
43:37
Speaker 1: the social buzz without the next day regret. They're best
43:40
Speaker 1: selling out of office gummies were designed to provide a mild,
43:43
Speaker 1: relaxing buzz, boost your mood, and enhance creativity and relaxation.
43:47
Speaker 1: With five different strengths, you can tailor the dose to
43:49
Speaker 1: fit your vibe, from a gentle one point five milligram
43:52
Speaker 1: micro dose to their newest fifteen milligram gummy for a
43:56
Speaker 1: more elevated experience. Their THHC beverages and gummy are a modern,
44:00
Speaker 1: mindful alternative to a glass of wine or a cocktail.
44:04
Speaker 1: And I'll tell you this, I've given up booze. I
44:06
Speaker 1: don't like the hangovers. I prefer the gummy experience. Soul
44:10
Speaker 1: is a wellness brand that believes feeling good should be
44:13
Speaker 1: fun and easy. Soul specializes in delicious HEMP derived THHC
44:17
Speaker 1: and CBD products, all designed to boost your mood and
44:20
Speaker 1: simply help you unwine. So if you struggle to switch
44:23
Speaker 1: off at night, Sol also has a variety of products
44:25
Speaker 1: specifically designed to just simply help you get a better
44:28
Speaker 1: night's sleep, including their top selling sleepy gummies. It's a
44:31
Speaker 1: fan favorite for deep, restorative sleep, So bring on the
44:35
Speaker 1: good vibes and treat yourself to Soul today, right now.
44:38
Speaker 1: Soul is offering my audience thirty percent off your entire order.
44:42
Speaker 1: So go to getsold dot Com use the promo code toodcast.
44:46
Speaker 1: Don't forget that code. That's getsold dot Com promo code
44:50
Speaker 1: toodcast for thirty percent off. My guest today as someone
44:57
Speaker 1: who's been at the center of American politics business for
45:01
Speaker 1: the better part of a couple of decades, and because
45:03
Speaker 1: there's so much happening in the world of business that
45:06
Speaker 1: is intersecting with the world of politics, and Washington in
45:10
Speaker 1: some ways is becoming an epicenter of business in a
45:16
Speaker 1: derivative way, because it's frankly about a whole bunch of
45:19
Speaker 1: companies trying to figure out what it takes to keep
45:22
Speaker 1: Washington out of their business. But that in itself is
45:26
Speaker 1: a big business. So my guest is Bradley Tusk. He's
45:29
Speaker 1: a political strategist turned investor. He lives in this world
45:33
Speaker 1: in between in a political side. He was the campaign
45:36
Speaker 1: manager for Michael Bloomberg. And when Michael Bloomberg decided he
45:41
Speaker 1: wanted a third term, which I wonder if in hindsight
45:43
Speaker 1: he ever, I want to tell anybody who wants a
45:46
Speaker 1: third term, don't do it. Yeah, third terms never go.
45:50
Speaker 2: I'm trying. I was trying to sit here and think
45:52
Speaker 2: of a good third term.
45:53
Speaker 1: There's none, Bradley, there's none. Ask Mario Cuomo whether he
45:57
Speaker 1: should have run for a third term. Ask Eduobo whether
46:00
Speaker 1: he should have been thinking about a third term. Third term.
46:03
Speaker 1: I Tim Walls is running for a third term. I
46:06
Speaker 1: want to say, don't do it.
46:09
Speaker 2: There's no good.
46:10
Speaker 1: That comes from it. If you've if you've succeeded enough
46:13
Speaker 1: that a third term is viable, there's nowhere to go
46:16
Speaker 1: but down.
46:17
Speaker 2: Yeah. I saw a study once it said that after
46:19
Speaker 2: seven years, no matter who the chief executive is, people
46:23
Speaker 2: are ready to move on. And that's like every tackleo system,
46:26
Speaker 2: whether it's a dictator or a mayor or a governor
46:30
Speaker 2: or anything else.
46:31
Speaker 1: Right, look at our own history. I mean, I'm a believer.
46:34
Speaker 1: And this will get to a little bit of our
46:35
Speaker 1: conversation here a little bit, but you know, I think
46:38
Speaker 1: any Democrat that is still consumed with Trump is sort
46:41
Speaker 1: of wasting their time. And I don't mean this. Look Trump,
46:45
Speaker 1: there's a lot of things he's doing that that you
46:47
Speaker 1: that you may that may impact your life, and you've
46:50
Speaker 1: got to care about it. I get it, but I
46:52
Speaker 1: don't think he's you know, we're about to have a
46:55
Speaker 1: debate about what the post Trump world's going to look like.
46:57
Speaker 1: And I got to think people need to be focused
46:59
Speaker 1: on that because he's been in our lives for a decade.
47:03
Speaker 1: And guess what, nobody ever lasts that long. We're at
47:05
Speaker 1: the tail end, right, the Reagan Bush era basically ended
47:09
Speaker 1: with the nineteen ninety tax deal, right, you know, Eisenhower
47:12
Speaker 1: lasted you know, you know, his era was about a decade, Kennedy,
47:16
Speaker 1: Johnson a decade, Nixon even less than that. I mean,
47:19
Speaker 1: you know, Obama sort of you know, it just we
47:21
Speaker 1: don't we sort of wear out. And if you look
47:24
Speaker 1: at the modern air of our presidents going back since
47:27
Speaker 1: World War Two, there's a reason that sort of a
47:31
Speaker 1: movement sort of petered out right in that eight to
47:35
Speaker 1: ten year mark in some form or another. We're ten
47:37
Speaker 1: years with Trump.
47:38
Speaker 2: Yeah, yeah, man. I think the question is to me,
47:44
Speaker 2: the things that he's doing that will go away when
47:47
Speaker 2: he goes away, and the things that he's done that
47:50
Speaker 2: will last, of which some might prove to be good,
47:54
Speaker 2: but a lot of it might prove to be pretty
47:56
Speaker 2: harmful long term. The area And maybe this is where
48:00
Speaker 2: kind of my perspective from the business side is a
48:02
Speaker 2: little different than the typical person in the political world
48:06
Speaker 2: is I don't like all of the rule of law stuff,
48:10
Speaker 2: but I think that that ends when he ends right.
48:12
Speaker 2: That is very much a product of him specifically, Whereas
48:17
Speaker 2: some of the steps he's taking around the economy really
48:21
Speaker 2: do worry me from a much longer perspective as an investor,
48:24
Speaker 2: because if I were China and I said I want
48:28
Speaker 2: to put in the Manchurian candidate, and I want to
48:31
Speaker 2: undermine the long term strength of the US, our economy,
48:35
Speaker 2: one of the things you would really go after. So
48:38
Speaker 2: what are the things to me that make our economy unique.
48:42
Speaker 2: It's free trade, its intellectual property, it's rule of law,
48:46
Speaker 2: it's independent markets, independent data. It is getting the very
48:50
Speaker 2: best people through immigration. So a lot of the fundamental
48:57
Speaker 2: things that make our economy truly unique. Thing in R
49:00
Speaker 2: and D, investing in higher ed, all of that are
49:04
Speaker 2: all things that Trump, for whatever reason, has really tried
49:07
Speaker 2: to undermine. So I worry more about the impact of
49:12
Speaker 2: just taking our strengths and undermining all of them than
49:16
Speaker 2: whateverything he has said today that on truth social that
49:19
Speaker 2: makes everyone upset. I don't care about that stuff.
49:22
Speaker 1: No, I mean, to me, the biggest I've always said
49:24
Speaker 1: that there's the presidency. Actually there's three different jobs wrapped
49:27
Speaker 1: up in one. You're being elected to lead your party.
49:32
Speaker 1: You're being elected to command our armed forces as commander
49:35
Speaker 1: in chief, and you're being elected to be leader of
49:37
Speaker 1: the free world. And he has chosen not to be
49:40
Speaker 1: leader of the free world. And that is something that
49:45
Speaker 1: the public doesn't realize is a problem until it's gone.
49:49
Speaker 1: It's a very hard in fact, when you tell people
49:51
Speaker 1: you want to be leader of the free world. No,
49:53
Speaker 1: we don't want that. We don't want to be the
49:55
Speaker 1: beat cop. But as I always say, you know, I
49:57
Speaker 1: always say when people say I don't want to be
49:59
Speaker 1: the world's policeman, and I'm like, yeah, but somebody's going
50:01
Speaker 1: to be. Would you rather be us or another country?
50:05
Speaker 1: You may not want us to be the world's cop,
50:07
Speaker 1: but you're not gonna like it if China is right, which.
50:10
Speaker 2: Then how do you explain the other day him sending
50:15
Speaker 2: allowing the VIDIA to sell you know, the h two
50:18
Speaker 2: hundred GPUs to China? Right like it? There are things
50:22
Speaker 2: that I don't get. So for example, he says that,
50:26
Speaker 2: and look, if you were a full free trade you know, absolutist, right,
50:33
Speaker 2: But then the next day they issue an executive order saying, oh,
50:36
Speaker 2: States can't regulate AI because it's a national security issue.
50:39
Speaker 2: It can't be an ob security issue if you just
50:42
Speaker 2: took the most valuable thing that your biggest rival would
50:45
Speaker 2: want and allow the to go to the.
50:48
Speaker 1: Well, let's talk about This is actually at the heart
50:50
Speaker 1: of the conversation I want to have, which is, you know,
50:54
Speaker 1: the business community in general has been frustrated with the
50:59
Speaker 1: last two Democratic administrations, sure for too much regula, too
51:05
Speaker 1: much regulation, too much red tape, things like this. And
51:11
Speaker 1: I get the appeal of, hey, isn't it great that
51:15
Speaker 1: you don't have to have an army of lobbyists on
51:17
Speaker 1: Capitol Hill. You just have to go into the Oval office,
51:20
Speaker 1: write one check or rite you know, or make one
51:23
Speaker 1: board seat change whatever. You only have to placate one
51:27
Speaker 1: individual as a hell of a lot easier than placating
51:30
Speaker 1: you know, thirty members of Congress or ten senators and
51:33
Speaker 1: all of that stuff. So I understand the efficiency aspect
51:36
Speaker 1: of this, But are we doomed here because business is
51:42
Speaker 1: such as an easy relationship right now with Trump's version
51:45
Speaker 1: of the Republican Party, that they're now going to expect
51:49
Speaker 1: this kind of treatment from all politicians going forward, that
51:53
Speaker 1: this is something that we can't put back in the bottle.
51:56
Speaker 1: And I, you know, I'm sorry. I don't trust the
52:00
Speaker 1: tech industry with AI without guardrails because I saw what
52:03
Speaker 1: the tech industry did with social media, which totally destroyed
52:07
Speaker 1: our information ecosystem. So, yeah, but this is the world
52:11
Speaker 1: you live in, Yeah, and you're navigating, so you tell me.
52:14
Speaker 2: So I would say, for me, the efficiency argument probably
52:19
Speaker 2: doesn't work because it's too risky and too variable. Right,
52:24
Speaker 2: you were dealing just with winning the favor of one
52:28
Speaker 2: very mercurial person and who seems to a lot of
52:32
Speaker 2: the time agree with the last person he spoke to
52:35
Speaker 2: about something, And so I don't like the notion of
52:39
Speaker 2: basing an investment strategy or regulatory strategy around that. And
52:45
Speaker 2: to me, the right analogy is when I have a
52:49
Speaker 2: company that I'm investing in that has some sort of
52:51
Speaker 2: new disruptive technology that either where taking on an entrenched
52:56
Speaker 2: interest in there's a regulatory fight, or recruiting an entirely
52:59
Speaker 2: new type of industry. AI crypto flying cars, whatever, and
53:04
Speaker 2: you need to build a regulatory framework. There's often the
53:07
Speaker 2: question of do you go federal or do you go state.
53:10
Speaker 2: We usually choose to go state by state, which is
53:13
Speaker 2: wildly inefficient. Right, we're talking about fifty different bills or
53:16
Speaker 2: whatever it is that we rules, whatever it might be
53:18
Speaker 2: that we have to create or pass. However, I can
53:22
Speaker 2: get outcomes. So in twenty fifteen, the House Energy Subcommittee,
53:27
Speaker 2: on a bipartisan basis, passed unanimously legislation to begin the
53:32
Speaker 2: regulation of autonomous vehicles. So right now, the US federal
53:36
Speaker 2: government has done nothing to figure out how to regulat
53:40
Speaker 2: or deal with self driving cars or trucks or anything else.
53:44
Speaker 2: The bill passed the subcommittee honesty and has never moved since,
53:49
Speaker 2: nor has federal dot issued any sort of rules whatsoever
53:54
Speaker 2: as to how this should work.
53:57
Speaker 1: This is for presidential administrations.
53:59
Speaker 2: Correct, right, and at the same time in states now,
54:03
Speaker 2: you can like or not like any individual states rules
54:06
Speaker 2: around autonomous vehicles, but they have them right, and you
54:10
Speaker 2: can get to an outcome. And even if you don't
54:14
Speaker 2: get the president you want in one state, you have
54:16
Speaker 2: fifty bytes at the apple. So oftentimes we're looking at
54:20
Speaker 2: something and saying, Okay, where do we think is the
54:23
Speaker 2: right starting point to launch this thing? Based on partly
54:26
Speaker 2: the economics, so the market, you know, and ever early
54:29
Speaker 2: starts in California, in New York and Texas, but also
54:33
Speaker 2: from a political standpoint, where can we win because you know,
54:37
Speaker 2: one of the things that when when I invest in
54:39
Speaker 2: an early stage tech startup, I genuinely believe that people
54:43
Speaker 2: are going to really like the product or the service
54:45
Speaker 2: or otherwise I'm not deploying the capital or make any
54:48
Speaker 2: investment in the first place. And so like, for example,
54:51
Speaker 2: the very first tech company I ever did was Uber,
54:54
Speaker 2: starting in twenty eleven, and my view, which was the
54:58
Speaker 2: same as Travis's view, was people are really gonna like this,
55:03
Speaker 2: So we just need to get this thing up and
55:05
Speaker 2: running wherever we can show people how much better it
55:09
Speaker 2: is in the taxi system, and then they will fight
55:12
Speaker 2: for it, and in every market where we prove it,
55:15
Speaker 2: it gets that much easier in the next market. And
55:17
Speaker 2: that basically it was a big fight, and it was
55:19
Speaker 2: city by city in that case, but it turned out
55:21
Speaker 2: to be right. So I generally think the right strategy
55:25
Speaker 2: to legalize most technology actually occurs at the municipal or
55:29
Speaker 2: state level, and not in Washington.
55:31
Speaker 1: It's always been the ke I mean, look at the
55:33
Speaker 1: recreational marijuana movement, the medical marijuana movement, same sex marriage.
55:38
Speaker 1: Right we've in some ways to create critical mass to
55:43
Speaker 1: convince Congress that hey, you should get involved in this,
55:46
Speaker 1: you know, having it emanate. I mean, that's the beauty
55:48
Speaker 1: of federalism, right like that, that is supposed to be
55:51
Speaker 1: the beauty of the system. Which is why I'm glad
55:55
Speaker 1: to see there's bipartisan concern about a moratorium on state
55:59
Speaker 1: regulations with it and it it is, you know that
56:05
Speaker 1: this is I think this is where if I were,
56:08
Speaker 1: if I were in this industry, I wouldn't want this.
56:13
Speaker 1: I mean, look at the public right now. The public
56:16
Speaker 1: approval ratings of AI are plummeting. Right we are, compared
56:20
Speaker 1: to the rest of the world, more dystopian about AI
56:23
Speaker 1: than most other civil societies. I would argue that has
56:27
Speaker 1: a lot to do with how involved our polarizing president
56:30
Speaker 1: is with the industry. I actually think if he were
56:32
Speaker 1: less involved, there'd be fewer doom and gloomers about AI.
56:36
Speaker 2: With with two caddia, its one is I actually think
56:39
Speaker 2: the political tsunami and AI hasn't even hate.
56:43
Speaker 1: I agree twenty eight is going to be that. I
56:45
Speaker 1: think it's I think the fear I believe the single
56:49
Speaker 1: biggest issue in twenty eight, and we'll see it a
56:51
Speaker 1: little bit in twenty six, is going to be fear
56:53
Speaker 1: of AI displacement, well.
56:55
Speaker 2: Displacement our jobs combined with so every data center requires
57:00
Speaker 2: so much compute and so much energy that they're expecting
57:04
Speaker 2: it to consumption to double. We're certainly that doubling supply,
57:08
Speaker 2: which means consumers electric bills are going to skyrocket. We
57:11
Speaker 2: already saw a little bit of this in Georgia.
57:14
Speaker 1: Virginia, I mean Louden County. Man, you know they were
57:18
Speaker 1: making all this money lease and land on data centers.
57:21
Speaker 1: It is now like you know, it's a they've declared
57:24
Speaker 1: war on data centers.
57:25
Speaker 2: I think we're going to see laws passing states this
57:28
Speaker 2: year that say that localities cannot issue permits and zoning
57:32
Speaker 2: for data centers without proof that there will not be
57:36
Speaker 2: a corresponding price increase for consumers and electric bills. And
57:40
Speaker 2: so you're right, but we had a world where let's
57:43
Speaker 2: say that unemployment and the job numbers today, I think
57:47
Speaker 2: further to accept that they were valid. Further, you know,
57:49
Speaker 2: support of this thesis that if job displacement keeps going up,
57:54
Speaker 2: and unemployment keeps rising and rising gets even potentially double digits,
57:58
Speaker 2: and electric prices keep going up, and because of Tariff's
58:01
Speaker 2: other consumer prices keep going up, and you know, twenty
58:04
Speaker 2: five thirty guys like Sam Altman become trillionaires, but the
58:08
Speaker 2: rest of the world's you know, that's of the country
58:09
Speaker 2: city of eighteen percent unemployment, that's the French revolution man.
58:13
Speaker 2: And I don't think either party necessarily understands that or
58:18
Speaker 2: sees it coming. I think one, you know, Trump, in
58:21
Speaker 2: his view is like, doesn't matter. The only goal is
58:23
Speaker 2: to get your hands on as much as you can
58:25
Speaker 2: before you die. So therefore this at least fits with
58:28
Speaker 2: his worldview. Democrats, I don't think have any plan at all.
58:33
Speaker 2: From one I can tell.
58:35
Speaker 1: No, I don't think they do either, and I it
58:38
Speaker 1: strikes me and I'm curious. Look, I take it you're
58:42
Speaker 1: trying to help Democrats be more pro business. Yes, I
58:46
Speaker 1: mean in part because that's how you would describe your
58:49
Speaker 1: you know, your sort of your altruistic goals.
58:51
Speaker 2: Here often times, and I think you know, not counting
58:54
Speaker 2: what I do out of my foundation, which is totally separate.
58:56
Speaker 2: But yeah, and I think oftentimes I feel like and
59:01
Speaker 2: you might appreciate this more than most people. Both sides
59:06
Speaker 2: are so dug in that they miss the underlying point. Right.
59:09
Speaker 2: So you have these Silicon Valley types who are now
59:13
Speaker 2: very powerful Washington A Mark Injuries or someone like that, right,
59:16
Speaker 2: and they hate regulation and their libertarians and that sort
59:20
Speaker 2: of sounds great in theory, no rules, but in reality
59:25
Speaker 2: you can't build multi multi billion dollar industries and the
59:28
Speaker 2: absence of all structure. You need a certain amount of
59:31
Speaker 2: rules and regulation. Crypto, right needs a certain amount of
59:35
Speaker 2: regulation to separate the coin bases of the world, the
59:38
Speaker 2: circles of the world, companies that I've invested in with
59:42
Speaker 2: total scams, right, And because there's a lot of fraud
59:44
Speaker 2: in the crypto world, and there's also a lot of
59:47
Speaker 2: genuine companies that you can decide whether or not buying
59:49
Speaker 2: crypto is a good idea. That's up to the individual.
59:52
Speaker 2: But crypto itself only works because there is some level
59:56
Speaker 2: of regulation that says this exchange is permissible, exchange is
1:00:01
Speaker 2: not right, So you need that. But then on the
1:00:04
Speaker 2: other hand, democrats by sort of playing to their extremes
1:00:08
Speaker 2: that all capitalism and all wealth is inherently corrupt and
1:00:11
Speaker 2: evil in some way totally missed the point because people
1:00:15
Speaker 2: need to make a living, and people are aspirational and
1:00:19
Speaker 2: want to do well, and so just vilifying everyone doesn't
1:00:22
Speaker 2: work either. And the reality is regulation is neither inherently
1:00:26
Speaker 2: good nor bad. It's how it's applied. Like, let me
1:00:30
Speaker 2: give you an example. I was driving once from Santa
1:00:33
Speaker 2: Barbara to Ally, and I'm going down the Pacific Coast
1:00:36
Speaker 2: Highway and I'm appreciating how beautiful it is, because you'd
1:00:39
Speaker 2: have to be something really wrong with you not to
1:00:41
Speaker 2: do that right. And the thing that hit me was, Okay,
1:00:44
Speaker 2: what I'm seeing is from my car window the ocean.
1:00:47
Speaker 2: The reason why is that they are not gas stations
1:00:51
Speaker 2: and you know, Chipolis and whatever else blocking the view
1:00:55
Speaker 2: because of regulation. So in that case, I would say
1:00:58
Speaker 2: a good regulation, and I didn't get to LA and
1:01:01
Speaker 2: I run into all of these homeless encampments. Now again
1:01:05
Speaker 2: that's the product of regulation. Bad regulation in that case,
1:01:08
Speaker 2: those are regulations that make constructing affordable housing way too
1:01:12
Speaker 2: expensive and difficult, and people don't have anywhere to live
1:01:15
Speaker 2: as a result. So basically, zoning regulation on the same
1:01:19
Speaker 2: street right resulted in a net positive at one part
1:01:22
Speaker 2: of it and negative in the other. And anyone on
1:01:26
Speaker 2: either side who just declares unilaterally that something is inherently
1:01:30
Speaker 2: good or bad just doesn't understand what they're talking.
1:01:35
Speaker 1: There's a reason results matter more than promises, just like
1:01:38
Speaker 1: there's a reason. Morgan and Morgan is America's largest injury
1:01:41
Speaker 1: law firm. For the last thirty five years, they've recovered
1:01:44
Speaker 1: twenty five billion dollars for more than half a million clients.
1:01:48
Speaker 1: It includes cases where insurance companies offered next to nothing,
1:01:52
Speaker 1: just hoping to get away with paying as little as possible.
1:01:54
Speaker 1: Morgan and Morgan fought back ended up winning millions. In fact,
1:01:58
Speaker 1: in Pennsylvania, one client was awarded twenty six million dollars,
1:02:01
Speaker 1: which was a staggering forty times the amount that the
1:02:04
Speaker 1: insurance company originally offered. That original offer six hundred and
1:02:08
Speaker 1: fifty thousand dollars twenty six million, six hundred and fifty
1:02:11
Speaker 1: thousand dollars. So with more than one thousand lawyers across
1:02:13
Speaker 1: the country, they know how to deliver for everyday people.
1:02:15
Speaker 1: If you're injured, you need a lawyer, You need somebody
1:02:18
Speaker 1: to get your back, check out for the People dot Com,
1:02:21
Speaker 1: Slash podcast or Dow Pound Law Pound five to nine
1:02:26
Speaker 1: Law on your cell phone. And remember all law firms
1:02:30
Speaker 1: are not the same, So check out Morgan and Morgan.
1:02:31
Speaker 1: Their fee is free unless they win. You know, it's funny,
1:02:38
Speaker 1: I keep it feels as if the Democrats are looking
1:02:42
Speaker 1: for the twenty first century version of Bill Clinton, who
1:02:46
Speaker 1: was who struck this balance right now. He did it
1:02:48
Speaker 1: out of necessity. Democrats had lost three straight presidential elections,
1:02:53
Speaker 1: all of them were blowouts. It was sort of you
1:02:57
Speaker 1: kind of had to have a Democrat who acknowledged at
1:03:00
Speaker 1: that point in time. And I have a friend of
1:03:03
Speaker 1: mine who we argue, is the country center right or
1:03:05
Speaker 1: the institution center right right? The constitution sort of arguably
1:03:09
Speaker 1: gives gives the minority a bit. You know, you could
1:03:13
Speaker 1: our rules give the current structure the right side of
1:03:16
Speaker 1: the spectrum has more advantages. I could argue fifty years
1:03:19
Speaker 1: ago that same structure gave sort of the Democrats a
1:03:23
Speaker 1: little bit more. But at some point that is the
1:03:27
Speaker 1: structure that we live under. But Bill Clinton sort of,
1:03:31
Speaker 1: you know, one, hey, we should have a rules based,
1:03:35
Speaker 1: opportunity focused society, right like, you know, should be fair,
1:03:40
Speaker 1: equal access and opportunity, and I remember responsibility and opportunity, right,
1:03:45
Speaker 1: that balance between the two. I guess you know, I
1:03:50
Speaker 1: could say Obama tried to get that messaging, and he
1:03:52
Speaker 1: was better about it by twenty eleven, twenty twelve, frankly
1:03:55
Speaker 1: out of necessity, right he was. He had a tough reelection,
1:03:58
Speaker 1: and he borrowed more of the Bill Clinton language or
1:04:01
Speaker 1: the Teddy Roosevelt language of the Square Deal things like that.
1:04:05
Speaker 1: It seems as if we just haven't found the politician
1:04:10
Speaker 1: to meet the moment that we're in. I think we
1:04:12
Speaker 1: all know them. We want to be both aspirational but
1:04:16
Speaker 1: with a I think we want a stronger safety net,
1:04:18
Speaker 1: and we haven't figured out how to. Donald Trump said, hey,
1:04:22
Speaker 1: I can do both, but he couldn't. Right, he doesn't
1:04:25
Speaker 1: really have the He doesn't really have a political party
1:04:28
Speaker 1: behind him that actually wants to do both. And I
1:04:33
Speaker 1: think there are those in the business community that don't
1:04:35
Speaker 1: believe the left wants to create what you said, a
1:04:38
Speaker 1: society that allows for wealth. Right, Yes, they want the
1:04:42
Speaker 1: strong social safety net. So when ultimately what we really
1:04:46
Speaker 1: want is strong safety net and a realistic path thick
1:04:50
Speaker 1: and look.
1:04:51
Speaker 2: It's hard to end the other the day, right, So
1:04:52
Speaker 2: capitalism as a system, to me, I think almost just
1:04:56
Speaker 2: incontrovertibly is the greatest system ever created because if you
1:05:00
Speaker 2: look at the last eighty years since World War Two,
1:05:03
Speaker 2: three billion people who were living in extreme poverty now
1:05:07
Speaker 2: have clean drinking water and electricity and less infant mortality
1:05:11
Speaker 2: and longer life expectancy, in higher literacy, you know, all
1:05:13
Speaker 2: the status right, So unquestioning, none of that happens without
1:05:16
Speaker 2: globalization and capitalism. Capitalism on's taken into its full logical extreme,
1:05:23
Speaker 2: which is kind of what we tend to have here,
1:05:26
Speaker 2: often results in a lot of unhappiness and a lot
1:05:29
Speaker 2: of people who are frustrated with the system. Because if
1:05:33
Speaker 2: the only ultimate goal to be successful and happy is
1:05:38
Speaker 2: to accumulate as much status and wealth as possible by definition,
1:05:42
Speaker 2: ninety nine percent of people can't be in the one percent,
1:05:44
Speaker 2: and those ninety nine percent are upset. So then you
1:05:48
Speaker 2: look at say, okay, well does Finland or someone have
1:05:50
Speaker 2: it right, because it's capitalism, but with a much stronger
1:05:53
Speaker 2: social safety net, Like you said, so yes, people there,
1:05:56
Speaker 2: if you look at say the World Happiness Report, are
1:05:58
Speaker 2: exponentially happy because both they feel compelled to need less
1:06:04
Speaker 2: and they have more on the on the floor. But
1:06:07
Speaker 2: when you look at the last thirty years or so
1:06:10
Speaker 2: and look at all of the innovation in the world
1:06:12
Speaker 2: that has emerged, basically none of it has come from
1:06:15
Speaker 2: Europe right other than Spotify, and there's not a giant
1:06:18
Speaker 2: tech company that's been invented. So if you were to say, Okay,
1:06:22
Speaker 2: the US will be Scandinavia, as the left I think
1:06:25
Speaker 2: would like to see the case, yes, you will have
1:06:29
Speaker 2: a higher floor for people, and I believe in that.
1:06:32
Speaker 2: But at the same time, there is something about our
1:06:35
Speaker 2: system that is incredibly unique and that encourages the kind
1:06:39
Speaker 2: of innovation that has lifted the billions of extremely poor
1:06:43
Speaker 2: people that in theory the lefts you care about the
1:06:46
Speaker 2: most out of poverty.
1:06:48
Speaker 1: Well, I do think I'm one of those who believes
1:06:50
Speaker 1: it's because we're a nation and immigrants that we that
1:06:54
Speaker 1: if we if we have I think what you're I
1:06:57
Speaker 1: think we could we would already be Scandinavia if we
1:06:59
Speaker 1: weren't continuing to have fairly open doors, meaning if we
1:07:04
Speaker 1: weren't importing more people who want it, who are looking
1:07:08
Speaker 1: for the American dream, like in some ways third and
1:07:11
Speaker 1: fourth generation Americans are more satisfied than first and second
1:07:14
Speaker 1: generation America.
1:07:15
Speaker 2: So would you say then that, let's say we have
1:07:18
Speaker 2: so I would argue, weh have exponentially higher legal immigration,
1:07:24
Speaker 2: right and a perfect world. You know who was set
1:07:26
Speaker 2: that the quotas the Bureau of Labor Stistics, because they
1:07:29
Speaker 2: would say, okay, the construction industry has this whole hospitality
1:07:33
Speaker 2: this by the way.
1:07:34
Speaker 1: Along with the Social Security Administration, where because we need
1:07:38
Speaker 1: more new workers to fund Social Security.
1:07:40
Speaker 2: Correct, right, you need tens of millions potentially of people.
1:07:44
Speaker 2: And that's not at all exclusive with having strong borders.
1:07:47
Speaker 2: But the question is if we said we're going to
1:07:50
Speaker 2: keep bringing in the greatest talent from all over the world,
1:07:52
Speaker 2: and if we do that, we're always going to have
1:07:55
Speaker 2: the kind of innovation we need because those are I'm
1:07:57
Speaker 2: a first generation American and I know I was braised
1:07:59
Speaker 2: in an immigrant so I know exactly what this is like, right.
1:08:01
Speaker 1: Right, It's always like you were I mean education. First look,
1:08:04
Speaker 1: I grew up in Miami, an immigrant community where it
1:08:08
Speaker 1: was just you felt it all around everybody in that community,
1:08:11
Speaker 1: even frankly, even the domestic you know, even those second
1:08:15
Speaker 1: third generation Americans like myself. You moved to Miami for opportunity.
1:08:20
Speaker 1: Nobody was a native of there. You were there for opportunities.
1:08:22
Speaker 1: So it had an immigrant's mentality, which means they were hustlers.
1:08:25
Speaker 2: Everybody hustled. So let's say that we really increase that,
1:08:29
Speaker 2: which again does not in any way have to me
1:08:31
Speaker 2: not having.
1:08:31
Speaker 1: Strong border security.
1:08:32
Speaker 2: They're not mutually exclusive at all. But let's say that
1:08:34
Speaker 2: we said we are going to radically increase legal immigration
1:08:37
Speaker 2: so that the people who are the hustlers are constantly
1:08:40
Speaker 2: coming in. If you did that, could you have the
1:08:44
Speaker 2: kind of social safety net that Scandinavia has without deterring
1:08:48
Speaker 2: the innovation that America has because that combination of the
1:08:52
Speaker 2: new people constantly coming in takes care of that problem.
1:08:57
Speaker 1: Well, it depends on when you make them eligible for
1:08:59
Speaker 1: the same fafty net. Now, right, Oh, fair point, And
1:09:03
Speaker 1: I think you and I think this is what I'm
1:09:07
Speaker 1: what we're talking about here. Some people would say is heartless.
1:09:10
Speaker 1: What do you mean you wouldn't make the safety net
1:09:11
Speaker 1: available for the immediate first gen family at the same
1:09:16
Speaker 1: you know, But I think that would be a debate,
1:09:18
Speaker 1: and I think that's a fair political debate. To have
1:09:21
Speaker 1: is when should somebody be eligible for the social safety
1:09:25
Speaker 1: net in the United States. You know, you certainly need
1:09:27
Speaker 1: to become a citizen, right, I think that that's a
1:09:30
Speaker 1: fair that's a fair bar. You have to do the
1:09:32
Speaker 1: work to be a citizen. You have to probb. Now,
1:09:34
Speaker 1: I'll tell you this. I remember this great George W.
1:09:36
Speaker 1: Bush quote when he used to talk about people coming
1:09:39
Speaker 1: over there. He goes, anybody that's going to go over
1:09:41
Speaker 1: is going to fight the environmental elements to get across
1:09:46
Speaker 1: the Rio Grande River. I want them in America. Yeah,
1:09:50
Speaker 1: because they're going to be great workers.
1:09:51
Speaker 2: Yeah, that's totally well. Look, do you remember when Eric
1:09:56
Speaker 2: Adams All these migrant showed up in New York City
1:10:00
Speaker 2: and Eric Adams made the decision that New York City
1:10:03
Speaker 2: would house and feed everyone. Even though I am wildly
1:10:07
Speaker 2: promegration and a first generation American, I thought that was
1:10:10
Speaker 2: crazy for two reasons. One, city didn't have the money
1:10:13
Speaker 2: to do that. It came to the expense of sanitation
1:10:15
Speaker 2: and police and schools and everything else. But two, my family,
1:10:21
Speaker 2: your family. You know, millions of families have come here,
1:10:24
Speaker 2: and what they're asking for is not free housing or
1:10:27
Speaker 2: free food. What they're asking for is the opportunity to
1:10:30
Speaker 2: work and to make a living. And I don't think
1:10:33
Speaker 2: you needed to provide that, because I think people would
1:10:35
Speaker 2: have gone to where the jobs were. Some might be
1:10:38
Speaker 2: in New York City, a lot might be at me
1:10:40
Speaker 2: packing plants and iore or something like that. That's fine, right,
1:10:44
Speaker 2: But I don't think you even necessarily need to at
1:10:46
Speaker 2: the beginning, because the truth is, most immigrants just want
1:10:50
Speaker 2: to work, and the economy has a lot of holes
1:10:53
Speaker 2: of jobs that are needed to be filled that most
1:10:55
Speaker 2: Americans don't want to do. And so I think the
1:10:57
Speaker 2: problem kind of solves itself if you just let it happen.
1:11:01
Speaker 1: No, I mean, it's by the way, it's been true
1:11:03
Speaker 1: if you fought, you know before, if you look at
1:11:08
Speaker 1: the immigration patterns at the border pre say twenty fifteen, okay,
1:11:12
Speaker 1: and we've we've had some different surges for different reasons,
1:11:16
Speaker 1: I would argue since then, but it usually went if
1:11:19
Speaker 1: we had a lot of ope. But if our economy
1:11:22
Speaker 1: was humming, there were more people at the border. If
1:11:24
Speaker 1: our economy wasn't humming, there were fewer people at the border.
1:11:27
Speaker 1: I mean, you know, if you thought you could find
1:11:30
Speaker 1: work in the United states. You came if you didn't
1:11:32
Speaker 1: think you could find work, you weren't going to risk
1:11:34
Speaker 1: your life to.
1:11:35
Speaker 2: Come, right, right, Yeah, I think that that's I think
1:11:38
Speaker 2: that that's right, and I think I mean, it seems
1:11:41
Speaker 2: like it's a puzzle, right, which is, if you accept
1:11:46
Speaker 2: that most people want others to do well right now,
1:11:50
Speaker 2: some of us have easier some mentality were literally we
1:11:53
Speaker 2: believe that if you win, that means that I lose,
1:11:55
Speaker 2: and I think the President has that mentality quite frankly.
1:11:58
Speaker 2: But overall, what we're really talking about is enough resources,
1:12:04
Speaker 2: enough of a social stify, and enough opportunity and balancing
1:12:08
Speaker 2: it so that it's fair so that people aren't starving,
1:12:10
Speaker 2: and yet we are still innovating and creating.
1:12:13
Speaker 1: So let me go back to sort of the premise
1:12:16
Speaker 1: that I that I really want you to deal with,
1:12:18
Speaker 1: which is, is the business community going to see the
1:12:23
Speaker 1: Trump way of doing things and not want a risk
1:12:27
Speaker 1: of going back. And basically, look, you brought up crypto.
1:12:31
Speaker 1: Whatever you think of crypto, the industry decided, hey man,
1:12:35
Speaker 1: we're tired of waiting to convince the left on this.
1:12:38
Speaker 1: We're just going to buy supporters, right. You know, Look,
1:12:44
Speaker 1: they're not the first industry to decide to do that.
1:12:47
Speaker 1: But it was kind of it's kind of gross just
1:12:50
Speaker 1: looking at it from my perspective.
1:12:51
Speaker 2: You're like, sure, I don't.
1:12:53
Speaker 1: We're not making We didn't create that Genius Act didn't
1:12:57
Speaker 1: pass because we thought it was a good idea. It
1:12:59
Speaker 1: passed because they bought enough politicians. I could argue, okay,
1:13:04
Speaker 1: and we can we can have a we can, we can.
1:13:07
Speaker 1: You know, I I am pro blockchain, less convinced on
1:13:13
Speaker 1: the value of of of of the of the coins themselves,
1:13:18
Speaker 1: but I accept the pre tokenization. I get right like
1:13:22
Speaker 1: I'm I find myself. I'm in I'm in the middle
1:13:25
Speaker 1: on this. I worry that it's a it's a the
1:13:28
Speaker 1: value scam on one hand, that get rich quick scheme
1:13:31
Speaker 1: part of it, versus the blockchain and and all of that,
1:13:34
Speaker 1: which is a different type of technology. But but if
1:13:38
Speaker 1: I look at if I'm an upstart industry in any sort,
1:13:42
Speaker 1: and I look at what crypto pulled off, why do
1:13:44
Speaker 1: I want to risk a the other party coming in,
1:13:48
Speaker 1: who is just at the end of the day going
1:13:50
Speaker 1: to be more bureaucratic.
1:13:51
Speaker 2: Yeah, well, but flipping around depends on the industry, right,
1:13:55
Speaker 2: So if you are the solar and wind energy industry,
1:13:59
Speaker 2: you feel exactly the opposite. Right, You felt like under
1:14:02
Speaker 2: the Democrats you had the kind of regulatory structure, the
1:14:05
Speaker 2: kind of tax credits, the grants, everything else that you
1:14:08
Speaker 2: wanted and needed, and Trump came away and came in
1:14:11
Speaker 2: and through the big viewer. I hear you.
1:14:12
Speaker 1: But should any industry be basically at the whims of
1:14:15
Speaker 1: which party wins?
1:14:17
Speaker 2: I mean, to a certain extent, that is the point
1:14:20
Speaker 2: of democracy, right, I think the bigger question really becomes
1:14:25
Speaker 2: who's making the decisions? And to me, the real problem
1:14:29
Speaker 2: is a structure one in that if you accept that
1:14:32
Speaker 2: in a world of gerrymandering, only the primary matters ninety
1:14:36
Speaker 2: plus percent of the time, and Stat's proved that out.
1:14:39
Speaker 2: And if you look at primary turnout, which is typically
1:14:41
Speaker 2: about ten to fifteen percent, and those voters are typically
1:14:45
Speaker 2: the extremes, either the far right or the far left,
1:14:48
Speaker 2: or different special interests that can move money and votes,
1:14:50
Speaker 2: whether it's fair shake doing crypto or the teachers' unions
1:14:53
Speaker 2: or whoever it might be. And if you accept that
1:14:56
Speaker 2: politicians will always do whatever it takes to get re elected,
1:14:59
Speaker 2: then by definition they're governing for that ten percent on
1:15:02
Speaker 2: each side to the exclusion of everyone else. And I
1:15:05
Speaker 2: actually think, and you know, if you sat most people down,
1:15:09
Speaker 2: you could get eighty percent of people to agree on
1:15:11
Speaker 2: a framework to solve almost every single problem we have.
1:15:15
Speaker 2: But those people don't vote in primary, so they're disenfranchised.
1:15:18
Speaker 2: So one thing that I've been trying to do with
1:15:22
Speaker 2: you know, I didn't I didn't grow up a lot
1:15:24
Speaker 2: of money. I worked in government, I didn't make much money.
1:15:27
Speaker 2: Then I went into tack and I did pretty well,
1:15:29
Speaker 2: And so I've been given it away is to try
1:15:32
Speaker 2: to make mobile voting happen, because to me, you're only
1:15:35
Speaker 2: going to get primary turnout from ten to say thirty
1:15:38
Speaker 2: or forty by meeting the people where they are. Will
1:15:41
Speaker 2: people take off from work and line up to vote
1:15:43
Speaker 2: for president, Yes, But will they do that for city council,
1:15:46
Speaker 2: state rep, state Senate. No, they don't. And as a result,
1:15:49
Speaker 2: and that's probably even congressional primaries have a ten percent primary,
1:15:53
Speaker 2: you know, ten percent turnout, right, So, and yet close
1:15:57
Speaker 2: to one hundred percent of us have phones. We live
1:15:59
Speaker 2: our lives on our phones, are banking, our healthcare, our
1:16:01
Speaker 2: love lives, all this other stuff. And if we were
1:16:04
Speaker 2: able to allow people to vote securely on their phones.
1:16:07
Speaker 2: We could get turned out from ten to say, thirty,
1:16:09
Speaker 2: and then all of a sudden, I'm not sure that
1:16:12
Speaker 2: any one industry is at much risk of the whims
1:16:15
Speaker 2: of a party because it's not being decided just by
1:16:19
Speaker 2: the extremes that either hate Crypto or hate Grant Energy
1:16:21
Speaker 2: or whatever it is.
1:16:23
Speaker 1: Well, I just had somebody on as a guest who's
1:16:25
Speaker 1: been advocating getting rid of partisan primaries, and I kind
1:16:28
Speaker 1: of think that it's pretty clear it is. I put
1:16:33
Speaker 1: it this way, I don't see how a taxpayer funded
1:16:36
Speaker 1: primary is constitutional. The idea that I think it's actually
1:16:41
Speaker 1: a poll tax.
1:16:42
Speaker 2: Right.
1:16:42
Speaker 1: If I tell you the only way you could to
1:16:44
Speaker 1: participate in this primary is you join a private club, right,
1:16:47
Speaker 1: and you could participate in this taxpayer funded election. That's
1:16:51
Speaker 1: that seems you know, give, where the where are my
1:16:54
Speaker 1: goddamn lawyers here?
1:16:55
Speaker 2: Come on, I'm an independent living in New York City
1:16:58
Speaker 2: and my vote does not count.
1:16:59
Speaker 1: Well, that's just that doesn't make It's like, what are
1:17:02
Speaker 1: we doing, especially when you look at this youngest generation
1:17:06
Speaker 1: and they're registering as independent or no party at a
1:17:09
Speaker 1: greater rate than either of the two major parties, So
1:17:12
Speaker 1: I do think this might actually fix itself, meaning a
1:17:17
Speaker 1: majority of people plurality would prefer a non party you know,
1:17:22
Speaker 1: sort of, Hey, I want to I want to decide, right,
1:17:24
Speaker 1: we're we're actually all libertarian, you know, the whole idea
1:17:29
Speaker 1: of America's libertarian. You know, I would, I would, I
1:17:31
Speaker 1: would argue. So I think we're getting there. But on
1:17:36
Speaker 1: mobile voting, you know, when you look at mobile technology
1:17:42
Speaker 1: through the prism of our banking system, yep, it's really
1:17:46
Speaker 1: secure right now. The times that it's not, Like, there's
1:17:50
Speaker 1: nothing I hate more than when a credit card company
1:17:53
Speaker 1: tells me, hey, you've got to change your number. We're
1:17:55
Speaker 1: doing this for your purposes.
1:17:57
Speaker 2: No, you're not.
1:17:57
Speaker 1: You're doing it for your person. Like I just hate
1:18:00
Speaker 1: being lied to about that. Like it's like no, no, no, no.
1:18:03
Speaker 1: And I even tell them, stop reading your script. You're
1:18:06
Speaker 1: not doing it for my benefit. You're doing it for
1:18:08
Speaker 1: your benefit. But let's you know, let's figure this out.
1:18:14
Speaker 1: You have a You're going to have a hard time
1:18:16
Speaker 1: convincing the public that because cyber criminal activity exists when
1:18:22
Speaker 1: it comes to scamming people out of crypto or scamming
1:18:25
Speaker 1: people based on you know, a text message they get
1:18:30
Speaker 1: and they click the wrong link, that they're going to
1:18:33
Speaker 1: have a hard time believing that the voting is going
1:18:38
Speaker 1: to be secure. Yeah, I mean, I just think psychic
1:18:41
Speaker 1: the psyche.
1:18:42
Speaker 2: Yeah, I mean, that's right. The polling doesn't quite show that.
1:18:45
Speaker 2: What's interesting is so before twenty twenty, we polled nationally
1:18:51
Speaker 2: and about seventy five percent of Republicans, Democrats, independence all said,
1:18:55
Speaker 2: if mobile voting is secure, of course we should have it.
1:18:58
Speaker 2: Right after twenty twenty, we pulled again, stayed in the
1:19:01
Speaker 2: mid seventies with independents and Democrats fell to the forties
1:19:05
Speaker 2: with Republicans because of all the doubt cast on the
1:19:08
Speaker 2: twenty twenty election. So to me, the solution to that,
1:19:11
Speaker 2: and this is what we're working on right now by
1:19:13
Speaker 2: to start running legislation in seven states. To do this
1:19:16
Speaker 2: is to allow start with local elections and let cities
1:19:20
Speaker 2: choose to opt in to offer mobile voting as one
1:19:24
Speaker 2: form of voting for council, school board, may or things
1:19:28
Speaker 2: like that. So Anchorage is the first city that's going
1:19:31
Speaker 2: to do this. They're going to do it in their
1:19:33
Speaker 2: April municipal elections, and then if we pass our bills
1:19:37
Speaker 2: in these different states. That would allow cities to choose
1:19:40
Speaker 2: to opt in if they want to, to offer it
1:19:42
Speaker 2: for local elections only, and then let's see how it goes.
1:19:45
Speaker 2: If people use it and it works and they develop trust,
1:19:49
Speaker 2: we can move up the ladder to state and then
1:19:50
Speaker 2: maybe one day federal. If not, then we don't. But
1:19:54
Speaker 2: I think we have enough. You can start locally enough
1:19:57
Speaker 2: to sort of experiment a little bit.
1:20:00
Speaker 1: But you so give me some of the tech, the
1:20:02
Speaker 1: security things.
1:20:03
Speaker 2: Is it. Here's how it would work. Location?
1:20:06
Speaker 1: What would it be?
1:20:07
Speaker 2: So you would go on the app store. You live
1:20:09
Speaker 2: in Arlington. So let's just say for purposes, you would
1:20:12
Speaker 2: download the Arlington Board of Elections app and the first
1:20:15
Speaker 2: thing would say, Okay to someone, n ain't Chuck Todd
1:20:16
Speaker 2: really live in Arlington? Who's a registered voter? Last four
1:20:19
Speaker 2: digits of your social your address? Okay, now we know
1:20:22
Speaker 2: that there is a voter named Chuck Todd in Arlington,
1:20:25
Speaker 2: but are you really that person? So first thing is
1:20:27
Speaker 2: multi factor authentications. That's like when you forget your password,
1:20:30
Speaker 2: they send you a code, you put it in the app.
1:20:33
Speaker 2: Then biometric screening so they matt scan your face match
1:20:36
Speaker 2: it up against your driver's license or whatever idea you have.
1:20:39
Speaker 2: Now we know this is really Chuck Todd. Ballot comes
1:20:42
Speaker 2: up on your screen. Ballot is as simple and straightforward
1:20:45
Speaker 2: as can be. Whenever you're done and you're ready to submit,
1:20:48
Speaker 2: three things happen. Your ballots encrypted, your ballots anonymized, and
1:20:52
Speaker 2: you get a tracking code. Goes back to the Board
1:20:55
Speaker 2: of Elections. They air gap it, which just me They
1:20:58
Speaker 2: take it offline once you're is you know, on a
1:21:01
Speaker 2: flash drive and not connected to the internet. Then they
1:21:03
Speaker 2: decrypt it. A paper copy of your ballot gets printed out,
1:21:07
Speaker 2: that gets mixed in with all the other ballots. You
1:21:09
Speaker 2: can see where your ballot stands because the tracking code
1:21:12
Speaker 2: will show you it was received, tabulated, printed, and so on.
1:21:16
Speaker 2: And then the underlying code itself is open source. So
1:21:19
Speaker 2: we've spent the last five years building this thing out
1:21:22
Speaker 2: of my foundation. We posted it to GitHub a couple
1:21:25
Speaker 2: of weeks ago, so it is now public code. Anybody
1:21:29
Speaker 2: can use it, anybody can download it. I don't even
1:21:31
Speaker 2: known it anymore. It's just purely in the public domain,
1:21:35
Speaker 2: and any government that wants to try to do it
1:21:37
Speaker 2: now has the ability to do so. And I've already
1:21:39
Speaker 2: and I've spent twenty million dollars my own money so far,
1:21:42
Speaker 2: you know, working on all of this, I've already paid
1:21:45
Speaker 2: for it. So I feel like given that we live
1:21:48
Speaker 2: in a world where polarization seems to be the contributing
1:21:53
Speaker 2: factor to so many of our problems, and polarization is
1:21:57
Speaker 2: because not that people are polarized, because the only the
1:22:00
Speaker 2: extremes vote in primaries, and that's where everything is decided.
1:22:04
Speaker 2: If you could do something that could make it so
1:22:07
Speaker 2: much easier to vote, especially in primaries, and you get
1:22:10
Speaker 2: do you remember when Amazon wanted to put their second
1:22:12
Speaker 2: headquarters in Queen So part of it went to where
1:22:14
Speaker 2: you are, to Arlington, right, and then the other half
1:22:17
Speaker 2: was supposed to go to Long Island City, So hundreds
1:22:19
Speaker 2: of cities competed for this. New York want a little unexpectedly,
1:22:23
Speaker 2: everyone's very excited the poland shows people are really into it.
1:22:26
Speaker 2: Then AOC comes out against it, and look for her politics. Fine,
1:22:30
Speaker 2: she's anti jobs, business, capitalism, whatever. Fine. So there's a
1:22:34
Speaker 2: guy named Mike Gennaris who is a state senator in
1:22:37
Speaker 2: Long Island City courts. And Mike is just a guy.
1:22:40
Speaker 2: He's not good, he's not bad, he's not Conservatives at liberal.
1:22:43
Speaker 2: He is just a political hack that wants to stay
1:22:46
Speaker 2: in office, nothing else, and all things being equal. Of course,
1:22:50
Speaker 2: it's exciting when your district is picked by Amazon to
1:22:52
Speaker 2: be this thing. But now he says to himself, oh shit,
1:22:56
Speaker 2: if I support this, I could get a primary from
1:22:58
Speaker 2: the left to or not, I'll be around a eight
1:23:01
Speaker 2: nine percent based on the data, and the voters in
1:23:05
Speaker 2: that primary will be the most left wing voters of
1:23:07
Speaker 2: my district. And if AOC supports the opponent, I could lose.
1:23:11
Speaker 2: And he had a choice forty thousand, forty thousand new
1:23:15
Speaker 2: jobs for New Yorkers that are good jobs for benefits,
1:23:18
Speaker 2: or one job his own, and he picked himself. And
1:23:22
Speaker 2: by the way, that's what politicians do. But if he
1:23:25
Speaker 2: did the same analysis and turn out his primary was
1:23:27
Speaker 2: going to be thirty seven instead of nine, not because
1:23:31
Speaker 2: he cared anymore about the voters, the district, the job, whatever,
1:23:34
Speaker 2: Nothing only changed, just the math. He would have done
1:23:38
Speaker 2: the deal simply because he would have needed to get
1:23:40
Speaker 2: re elected. So but if there were non partisan primaries
1:23:44
Speaker 2: or open primaries, that would definitely help. But you know,
1:23:47
Speaker 2: I still think if you look at places with the
1:23:49
Speaker 2: open primaries and I'm a big supporter of open primaries
1:23:53
Speaker 2: for local elections. You still just don't get people going
1:23:57
Speaker 2: to submit in plays. With mail and voting, it's a
1:23:59
Speaker 2: little easy, but in New York, where you have to go,
1:24:02
Speaker 2: people just don't show up. But you know what, those
1:24:05
Speaker 2: same people all have phones. So when they're sitting on
1:24:07
Speaker 2: the subway or they're waiting for their coffee or wherever else,
1:24:10
Speaker 2: if all they have to do is press a few buttons,
1:24:13
Speaker 2: then you can go from nine to thirty seven. I
1:24:15
Speaker 2: don't think you can do that when people have to
1:24:17
Speaker 2: go show up somewhere.
1:24:27
Speaker 1: Let me introduce a counterintuitive point about voting. Yeah, and
1:24:33
Speaker 1: I'm not I'm saying this. I'm not saying I agree
1:24:35
Speaker 1: with it. So anybody listening that wants to try to, like,
1:24:39
Speaker 1: you know, aggregate me and sort of say, oh, there
1:24:41
Speaker 1: he goes he doesn't want.
1:24:44
Speaker 2: If you choose not, you know.
1:24:46
Speaker 1: It's sort of like I'm not for compulsory voting like
1:24:50
Speaker 1: I think you should. I think you should feel comfortable made.
1:24:54
Speaker 1: You know. In fact, I think it's been fascinating that
1:24:59
Speaker 1: that voter turnout goes down, the more apathy goes up,
1:25:04
Speaker 1: the more content and stable our governments are right, apathy
1:25:08
Speaker 1: goes down a bit more unstable when our leadership is
1:25:10
Speaker 1: a little bit more unstable. Maybe that's a good thing
1:25:14
Speaker 1: that that people pay more attention, but it is is
1:25:19
Speaker 1: more uninformed people voting a good thing.
1:25:23
Speaker 2: You know what, if more uninformed people is more, it's
1:25:27
Speaker 2: still a better reflection of the mainstream and therefore democracy
1:25:32
Speaker 2: than fewer. And you know, I just when I was
1:25:35
Speaker 2: giving a talk on mobilevoting somewhere someone said, raise their hands, said, well,
1:25:38
Speaker 2: under your as system, we're going to have a TikTok president.
1:25:41
Speaker 2: We have a TikTok president, and in new have a
1:25:44
Speaker 2: TikTok mayor, mayor.
1:25:45
Speaker 1: Right now, we're already living in the biggest in the
1:25:48
Speaker 1: biggest markets. We're already living in that world.
1:25:50
Speaker 2: So we're we're already there. So to me, the thing
1:25:54
Speaker 2: that I learned I worked in city government. I worked
1:25:57
Speaker 2: in you know, I was in DC, I was sure
1:25:59
Speaker 2: studing patients director, I was deputy governor of Illinois. I
1:26:02
Speaker 2: saw it from really every angle. And to me, the
1:26:05
Speaker 2: only thing you can count on is that politicians will
1:26:08
Speaker 2: do whatever it takes to get reelected. And so even
1:26:10
Speaker 2: if it's an uninformed thirty seven percent. A politician trying
1:26:14
Speaker 2: to sell for an uninformed thirty seven percent is still
1:26:17
Speaker 2: going to land much more in the mainstream than a
1:26:20
Speaker 2: politician trying to solve for nine percent.
1:26:24
Speaker 1: Do you think you're gonna have an easier time selling
1:26:26
Speaker 1: more rural states on mobile voting than urban state.
1:26:30
Speaker 2: So it's one of the reasons why Alaska's.
1:26:32
Speaker 1: Are Alaska is a perfect Yeah, a perfect.
1:26:34
Speaker 2: Example, if not for twenty twenty. Yes, the challenge I
1:26:40
Speaker 2: have right now is that red states don't want to
1:26:44
Speaker 2: do anything Trump doesn't like, and he hasn't said anything
1:26:46
Speaker 2: about mobile voting. But if you are a paper only
1:26:49
Speaker 2: in person thing, then clearly you're not gonna like mobile voting.
1:26:52
Speaker 2: And so therefore in blue states you not only don't
1:26:56
Speaker 2: have the concern about Trump, but you actually have the
1:26:58
Speaker 2: incentive of sticking it to Trump. Right, So, in theory
1:27:03
Speaker 2: what you said should have been the rollout plan, Trump
1:27:07
Speaker 2: scrambled that. So now the rollout plan is much more partisan,
1:27:11
Speaker 2: which I'd say again, I'm not even an m roll
1:27:12
Speaker 2: party anymore, right, So it's not like i want one
1:27:16
Speaker 2: party as opposed to another or one type of state,
1:27:18
Speaker 2: but I'm going to have mobile voting. I want ever
1:27:19
Speaker 2: want to have it. I think realistically, there's a world
1:27:23
Speaker 2: that I live in for what I'm doing through twenty eight,
1:27:25
Speaker 2: and then there's a new world that starts in twenty nine.
1:27:29
Speaker 1: That's interesting that you say it that way, when you
1:27:31
Speaker 1: say there's just a new world, that's you're just are
1:27:34
Speaker 1: you sort of plotting and living? I mean I want
1:27:38
Speaker 1: more people to be thinking this way, which is, Look,
1:27:40
Speaker 1: the Trump era is over, it just hasn't ended yet.
1:27:43
Speaker 2: Yeah, I mean He's gonna go away and norms will
1:27:47
Speaker 2: be restored.
1:27:49
Speaker 1: So well, see that's the question. That's what I'm not
1:27:51
Speaker 1: I'm now starting to become a skeptical So we never
1:27:54
Speaker 1: go backwards, Bradley.
1:27:56
Speaker 2: So I've been asking people who know Dvance specifically this question, right,
1:27:59
Speaker 2: because let's say it's any Democrat, we're probably going back
1:28:03
Speaker 2: to a more normalized rule of law system, right. So
1:28:06
Speaker 2: now on the Republican side, even someone like Rubio probably
1:28:10
Speaker 2: goes back to that. So to me, Vance is the
1:28:13
Speaker 2: biggest of the major contenders, the biggest variable. He might
1:28:17
Speaker 2: not want to, but remember when Jordan retired and the
1:28:21
Speaker 2: NBA kept turning to manufacture these errors to Jordan and
1:28:25
Speaker 2: it never worked, right, you had great basketball players, but
1:28:28
Speaker 2: until Lebron naturally came along, you just didn't have it. Right,
1:28:33
Speaker 2: Vance and others will try to imitate Trump at every turn,
1:28:37
Speaker 2: and it's not gonna work because Trump is an end
1:28:40
Speaker 2: of one and for better or worse, he's just unique, right,
1:28:44
Speaker 2: And if you try to imitate him, that will probably
1:28:47
Speaker 2: look really inauthentic and actually fail. And so Vance would
1:28:53
Speaker 2: be my biggest concern about continuation of the current approach
1:28:56
Speaker 2: to rule of law. But I kind of think that
1:29:01
Speaker 2: people are going to want change, and I think that
1:29:03
Speaker 2: he is going to refer he has to run on
1:29:05
Speaker 2: continuity to Trump.
1:29:07
Speaker 1: And Vance is discovering the same trap that that a
1:29:13
Speaker 1: being vice president for an unpopular president is, like that
1:29:16
Speaker 1: Kamala Harris discovered, You're never going to be judged on
1:29:19
Speaker 1: your own merits, right.
1:29:20
Speaker 2: Right, Well, do you think he learned so? Harris clearly
1:29:23
Speaker 2: regrets not distancing herself from Biden in any way. Do
1:29:28
Speaker 2: you think Vance has learned from that? And if so,
1:29:31
Speaker 2: when you're the city vice president and a candidate, how
1:29:35
Speaker 2: do you distance yourself? You can't.
1:29:37
Speaker 1: I mean the point is just because you should doesn't
1:29:39
Speaker 1: mean you can, right, yeah, right, you know look, Hubert
1:29:45
Speaker 1: Humphrey couldn't do it, and he waited too long. Al
1:29:53
Speaker 1: Gore to this day did the best version of it
1:29:56
Speaker 1: that was possible. Right. He found he was trying to
1:29:59
Speaker 1: figure a way to show distance on the things that
1:30:03
Speaker 1: mattered the most, the concerns that people had, which was
1:30:07
Speaker 1: the kind of the personal ickiness of Clinton. Right, and
1:30:11
Speaker 1: Joe Lieberman was the tonic. And so you know what,
1:30:20
Speaker 1: you know, had Kamala Harris picked Elon Musks are running
1:30:26
Speaker 1: made I don't know, I'm like trying to think, like
1:30:28
Speaker 1: who could have been the.
1:30:30
Speaker 2: I'm not sure anything. I don't know if anything.
1:30:32
Speaker 1: Could even al Gore couldn't outrun it. Right, he got closer.
1:30:36
Speaker 1: I will always go to my grave believing that race
1:30:39
Speaker 1: got competitive because he figured out a way to walk
1:30:43
Speaker 1: the line of being, Hey, I'm going to be the
1:30:45
Speaker 1: stuff you liked about Clinton, and I'm not going to
1:30:49
Speaker 1: allow the stuff you didn't like to happen either, right,
1:30:52
Speaker 1: which was but it was hard.
1:30:54
Speaker 2: Yeah, I bother one of the biggest what asks because
1:30:57
Speaker 2: if you think about it, let's say, for a few
1:31:01
Speaker 2: ballots got fully punched through instead of hanging had tats
1:31:04
Speaker 2: or whatever. Right, and the outcome is different. It seems
1:31:07
Speaker 2: to be there's two very radically different outcomes that we
1:31:11
Speaker 2: said of what we had. One is, let's just see
1:31:13
Speaker 2: nine to eleven still happens, because it probably would have.
1:31:15
Speaker 1: Right, I've gone through this. What if I'm curious where
1:31:18
Speaker 1: you're gonna go. I have an idea where this goes.
1:31:20
Speaker 2: See, you still get Afghanistan. That doesn't change, No, But
1:31:23
Speaker 2: I don't.
1:31:23
Speaker 1: Think you realize Rack, it's not just that Bradley.
1:31:28
Speaker 2: Yeah.
1:31:29
Speaker 1: If at nine to eleven happens under Al Gore, that's
1:31:32
Speaker 1: the ninth the year of a democratic presidency. So while
1:31:37
Speaker 1: George W. Bush was new and could claim the intelligence
1:31:41
Speaker 1: was new, then all of a sudden, if Gore's president,
1:31:46
Speaker 1: then the whole well, you knew this guy was a
1:31:48
Speaker 1: problem because your administration tried to kill him once and missed.
1:31:52
Speaker 1: You were on top of Bin Ludden, and you still
1:31:54
Speaker 1: missed this. I think the politicizing of the intelligence failure
1:32:00
Speaker 1: under a democratic administration, which is a continuation of eight
1:32:04
Speaker 1: years of a democratic administration, becomes we are far more polarized.
1:32:10
Speaker 1: The world we live in today is the world that
1:32:12
Speaker 1: would have happened to us. September twelfth, ninth two thousand
1:32:15
Speaker 1: and one, meaning I think we would have gone immediately
1:32:19
Speaker 1: because it would have been this was the because he
1:32:24
Speaker 1: would have had the same CIA chief probably maybe he
1:32:26
Speaker 1: had had the same Secretary State maybe, but you know
1:32:28
Speaker 1: what I mean. There would have been more continuation than difference,
1:32:32
Speaker 1: and it wouldn't have been a new president. It would
1:32:35
Speaker 1: have been right like. So that to me is the
1:32:39
Speaker 1: is the dog that didn't mark right, which is, well,
1:32:41
Speaker 1: we were we could have nine to eleven, could have
1:32:43
Speaker 1: gotten politicized. It didn't, right, and it was a unique
1:32:46
Speaker 1: set of circumstances for why it didn't.
1:32:48
Speaker 2: But could you have gotten away with the WMD stuff?
1:32:52
Speaker 1: Well, I don't think I rack ever happens, right, right, right?
1:32:54
Speaker 1: I mean in that sense it doesn't happen, and we
1:32:57
Speaker 1: probably still do Afghanistan. But what I'm saying is I
1:33:01
Speaker 1: think we have a far more politicized world because this
1:33:06
Speaker 1: wouldn't have been the failure of a new administration. It
1:33:08
Speaker 1: would have been the failure of an administration that, in theory,
1:33:11
Speaker 1: had been in power for nine years.
1:33:14
Speaker 2: Right. I think that's probably right. Can I throw one
1:33:16
Speaker 2: crazy idea at you, because.
1:33:17
Speaker 1: Lady, that's what we do here at the Chuck podcast.
1:33:20
Speaker 2: So, okay, so if you look at sort of modern
1:33:23
Speaker 2: political history for the president, let's just say since Reagan.
1:33:27
Speaker 2: So there's been seven presidents, including Reagan's nineteen eighty five
1:33:31
Speaker 2: of them, I would argue, were rock stars who were
1:33:34
Speaker 2: definitely not the most qualified person. Two win so Reagan, Clinton,
1:33:39
Speaker 2: w to some extent Obama Trump. The two that were
1:33:43
Speaker 2: ultra qualified Biden and hw both only lasted one term.
1:33:48
Speaker 1: Right, so I call them nineteenth century presidents. They'd have
1:33:51
Speaker 1: been better in the non media era.
1:33:53
Speaker 2: Right, at least for president. Americans want rock stars. And
1:33:58
Speaker 2: my argument is the DNC or the RNC are the
1:34:02
Speaker 2: least qualified entities to pick rock stars. And do you
1:34:07
Speaker 2: remember that show? I think you were probably around the
1:34:09
Speaker 2: same age. Battle of the Network Stars is like when
1:34:13
Speaker 2: I was a kid, Right, So what if you did
1:34:15
Speaker 2: that in say in twenty twenty seven, where you said, okay,
1:34:19
Speaker 2: instead of a tug of war in the mud, go
1:34:22
Speaker 2: to the waffle house of midnight, talk to the truckers,
1:34:25
Speaker 2: talk to the cops, talk to the college kids, show
1:34:28
Speaker 2: them all of America and see who comes and what
1:34:29
Speaker 2: they talk to you about. Call inning of a Cardinals
1:34:32
Speaker 2: game on the radio, whatever it is, and put candidates
1:34:35
Speaker 2: in real world situations that are not totally scripted and
1:34:38
Speaker 2: not totally packed with party faithful and just see how
1:34:42
Speaker 2: they do. Because some will resonate, some will not. And
1:34:46
Speaker 2: ultimately you got to pick the candidate that has that
1:34:49
Speaker 2: intangible quality. And you're never going to get that through
1:34:55
Speaker 2: the debates and the normal primary systems. You almost need
1:34:58
Speaker 2: an alternate method. Well, you know, we have.
1:35:01
Speaker 1: You know, it's funny, what if I told you that
1:35:02
Speaker 1: we had already had that system but we didn't like it,
1:35:06
Speaker 1: and it's called the Iowa Caucuses. The single greatest aspect
1:35:10
Speaker 1: of the Iowa Caucuses is what you just described, the
1:35:13
Speaker 1: fact that candidates have to go into small venues. They
1:35:19
Speaker 1: have to it's the only time in the presidential process
1:35:23
Speaker 1: where you see more personal interactions, right, And you know,
1:35:27
Speaker 1: I've always thought that what people don't understand that actually,
1:35:30
Speaker 1: the two parties that stumbled on a really smart way
1:35:33
Speaker 1: to do the presidential primary system. We start in a
1:35:36
Speaker 1: super rural state that's very friendly, in the state of Iowa,
1:35:40
Speaker 1: and you're being tested, can you organize ninety nine counties
1:35:44
Speaker 1: like That's essentially what you're being told to do. You've
1:35:47
Speaker 1: got to figure out how to organize. You can't just
1:35:49
Speaker 1: win desmoins, You've actually got to show strength in ninety
1:35:53
Speaker 1: nine counties. Then with the second test, we're going to
1:35:56
Speaker 1: send you to a state that is cranky independence and
1:36:00
Speaker 1: in fact they get to decide which party to vote
1:36:03
Speaker 1: in and they vacillate like two thousand was fantastic. It
1:36:07
Speaker 1: was really a fight between McCain and Bradley to see
1:36:10
Speaker 1: who could convince more independence to pick the D ballot
1:36:13
Speaker 1: or the R ballot. Well, McCain won that, and therefore
1:36:16
Speaker 1: Gore won. Had Bradley won the debate with McCain, Bradley
1:36:20
Speaker 1: wins the New Hampshire primary, and then the messages said, hey,
1:36:24
Speaker 1: this guy is better at winning independence and it's a
1:36:28
Speaker 1: test of that. Like I think the parties and we
1:36:32
Speaker 1: didn't fully appreciate that the system that we had stumbled
1:36:35
Speaker 1: into place you test or actually existed. And what you
1:36:39
Speaker 1: have is you had a whole bunch of idiots at
1:36:42
Speaker 1: the DNC who said, well, Iowa was too white, and
1:36:46
Speaker 1: it is and they had it, and they applied a
1:36:48
Speaker 1: DEI test to the state of Iowa mistakenly realized, not
1:36:52
Speaker 1: realizing that by preventing their candidates from learning how to
1:36:56
Speaker 1: speak to rural America in a friendly state like Iowa,
1:37:00
Speaker 1: that they were going to fail in appealing to rural
1:37:02
Speaker 1: America all over the country. So I absolutely agree with
1:37:07
Speaker 1: what you're saying. And I'm like, we already had this
1:37:09
Speaker 1: system because it tested Barack Obama, it tested Bill Clinton,
1:37:14
Speaker 1: and in fact, it was in the small states and
1:37:17
Speaker 1: their interactions in the small states that made the country
1:37:21
Speaker 1: comfortable with what they what. We weren't sure whether these
1:37:24
Speaker 1: were attributes that were going to work or not. So
1:37:28
Speaker 1: we had the system, and we are now actually trying
1:37:30
Speaker 1: to throw that system away, which I sort of am
1:37:32
Speaker 1: frustrated them well.
1:37:33
Speaker 2: Because by throwing it, throwing it away and sort of
1:37:37
Speaker 2: nationalizing it empowers the people inside the Beltway at the
1:37:42
Speaker 2: expense of everyone else. But the problem is those people
1:37:45
Speaker 2: like other people who went to Yale and write in
1:37:47
Speaker 2: bullet points and that.
1:37:49
Speaker 1: Is not a rock star, right right, But let me
1:37:54
Speaker 1: go back, let me throw somep at it chew, which
1:37:55
Speaker 1: is which is? And I've I've been working with a
1:38:01
Speaker 1: company that's basically popped up, that didn't exist for a
1:38:05
Speaker 1: while but now exists as an entity to help corporations
1:38:10
Speaker 1: communicate how to deal with tricky political situations, either with
1:38:15
Speaker 1: their own employees or with the outside world. And it's
1:38:18
Speaker 1: sort of it's a company now that it's thriving, and
1:38:21
Speaker 1: there's a lot of Fortune five hundred companies that want
1:38:23
Speaker 1: this research, this information, etc. And what I've come to
1:38:28
Speaker 1: discover is that basically we're now looking for the same
1:38:32
Speaker 1: attributes in our CEOs as we expect in our presidents
1:38:36
Speaker 1: as you just defined, right, which is ultimately we're looking
1:38:40
Speaker 1: for the best communicator. Right, we elect the best communicator.
1:38:44
Speaker 1: We don't elect the best person. We're electing the best communicator.
1:38:48
Speaker 1: The companies with good communicators probably are doing better on
1:38:53
Speaker 1: Wall Street than the companies with bad communicators. And I
1:38:59
Speaker 1: actually think now now we're communicating is so much more
1:39:03
Speaker 1: important now to success in both the business world, the
1:39:06
Speaker 1: political world, the entertainment world, frankly even the sports world.
1:39:12
Speaker 1: That it is now a skill set that is as
1:39:14
Speaker 1: important as learning how to type. It is a skill
1:39:17
Speaker 1: set that it's important as understanding how to write. In fact,
1:39:21
Speaker 1: you need to know how to do that then you
1:39:22
Speaker 1: do right cursive right. I just think it's a skill
1:39:26
Speaker 1: set that it's necessary now and.
1:39:27
Speaker 2: All walks away in my world investing in tech startups,
1:39:31
Speaker 2: narrative is frequently more important than economic fundamentals, right, you know,
1:39:36
Speaker 2: EVE and P and L and everything else oftentimes takes
1:39:41
Speaker 2: a backseat to who has the narrative, the rhetoric, the
1:39:47
Speaker 2: sort of you know flash that really gets investors excited,
1:39:52
Speaker 2: and that's what drives evaluation. Look think about AI right now.
1:39:56
Speaker 2: You take two companies and you call one of them
1:39:58
Speaker 2: AI and one of them not. It could be the
1:40:00
Speaker 2: same company. The II one has doubled evaluation immediately, right.
1:40:05
Speaker 2: I mean, I would even argue that a lot of
1:40:08
Speaker 2: the spending that the open aiyes and the Navidias are
1:40:12
Speaker 2: doing on data centers and everything else is really short
1:40:17
Speaker 2: term narrative and profit seeking disguise as long term planning.
1:40:22
Speaker 2: So it looks like you're saying, oh, I'm thinking twenty
1:40:25
Speaker 2: thirty years out, and the market loves that, and they
1:40:28
Speaker 2: reward it with higher share prices or higher valuations if
1:40:31
Speaker 2: you're still a private company, and in reality, we have
1:40:35
Speaker 2: no idea what we're actually going to need to power
1:40:39
Speaker 2: AI in twenty or thirty years, because the answer might
1:40:41
Speaker 2: be that we don't need nearly this much compute, right,
1:40:44
Speaker 2: Maybe the inference model works. I'm at a company that
1:40:47
Speaker 2: is literally using rat brain stem cells to try to
1:40:51
Speaker 2: power a compute. Whether it works, who knows, right, But like,
1:40:54
Speaker 2: there's lots of different ways to go about it. And
1:40:57
Speaker 2: I think that if your Jensen want you know, you say,
1:41:02
Speaker 2: if I announced I'm going to spend a trillion dollars
1:41:04
Speaker 2: on data centers, my valuation goes way up immediately. And
1:41:09
Speaker 2: the truth is, by the time that the bill comes due,
1:41:11
Speaker 2: I'm probably long gone. My shares became worth more and
1:41:15
Speaker 2: more money in the short term, and even if all
1:41:18
Speaker 2: that debt goes bad in people's four oh one k's
1:41:20
Speaker 2: get wiped out as a result, not really your problem.
1:41:24
Speaker 2: So yeah, narrative, you know, for better and for worse.
1:41:28
Speaker 2: You know, it has overwhelming influence over everything else.
1:41:31
Speaker 1: No, and it's like, it's not just politics, it's it's
1:41:33
Speaker 1: it's business. Let me get you out of here.
1:41:35
Speaker 2: On this.
1:41:38
Speaker 1: Is Is it better to be a public company or
1:41:41
Speaker 1: a private company in twenty twenty five and in twenty
1:41:43
Speaker 1: twenty six.
1:41:44
Speaker 2: That's a great, great question. I believe that tech startups
1:41:50
Speaker 2: stay private for too long. And the reason they stay
1:41:54
Speaker 2: private oftentimes is a it's easier you don't have all
1:41:57
Speaker 2: the scrutiny of the market and analysts and investors, all
1:42:00
Speaker 2: of that, and b oftentimes they're really overvalued and they're
1:42:06
Speaker 2: afraid to go to the public markets because they're going
1:42:09
Speaker 2: to face a steep cut in the share price. They
1:42:12
Speaker 2: might have a good IPO day, but then you look
1:42:14
Speaker 2: six months later and it's down seventy percent, and that's
1:42:17
Speaker 2: because fundamentally the company was never worth what people like
1:42:20
Speaker 2: me said it was in the first place. And we
1:42:22
Speaker 2: tell me if this is a little too technical, but
1:42:24
Speaker 2: in the venture world, we have gotten into a game
1:42:29
Speaker 2: where the real way for people to make money is
1:42:31
Speaker 2: have more AUM assets under management, because you get a
1:42:34
Speaker 2: two percent fee. So if you can have billions of
1:42:37
Speaker 2: dollars of AUM, it doesn't really matter what your investment
1:42:40
Speaker 2: performance is because the management fee is worth tens of
1:42:43
Speaker 2: millions of dollars and if you're you know, the main GP,
1:42:47
Speaker 2: you can pocket that. And so as a result, if
1:42:50
Speaker 2: you are raising much more money than you need to
1:42:52
Speaker 2: get that two percent, you have to deploy it at
1:42:54
Speaker 2: much higher evaluations to make the math work. And everyone's
1:42:58
Speaker 2: in on the joke, from of the earliest stage you know,
1:43:01
Speaker 2: investor to fidelity, whoever at the series A F for
1:43:05
Speaker 2: G and then they know that it all works for
1:43:09
Speaker 2: as long as they're not exposed. And what exposes it
1:43:12
Speaker 2: is often the public markets. As I think tech companies
1:43:15
Speaker 2: stay private for way too long as a result, and
1:43:18
Speaker 2: that is really harmful to the employees, to consumers, to
1:43:23
Speaker 2: a lot of other people. So I think that ultimately
1:43:27
Speaker 2: I would really like to see the speed to market increase.
1:43:31
Speaker 1: How would you incentivize that? Because right now, I mean,
1:43:35
Speaker 1: I'll be honest, is as much as look, I'm an
1:43:38
Speaker 1: advocate of the public markets. I think the public markets
1:43:40
Speaker 1: are for all the reasons you just said. Right, It's
1:43:43
Speaker 1: a way to protect employee rights and all those things.
1:43:47
Speaker 2: You have.
1:43:47
Speaker 1: You know, it's having another set of eyes on everything.
1:43:51
Speaker 1: But I think the incentive is to stay private and
1:43:55
Speaker 1: attentive is But if you so, how do you incentivize
1:43:58
Speaker 1: the public How do you incentivize driven.
1:44:00
Speaker 2: By the institutional capital allocators, meaning the giant pension funds,
1:44:04
Speaker 2: the sovereign wealth funds, the endowments that give hundreds of
1:44:10
Speaker 2: millions of dollars or billions of dollars to a private
1:44:12
Speaker 2: equity fund of entricapital fund, whatever it is. Because ultimately,
1:44:17
Speaker 2: every year that the company stays private, the RR of
1:44:21
Speaker 2: the pension fund goes down. Right, So the people who
1:44:24
Speaker 2: ultimately control the money are way too lax in the
1:44:28
Speaker 2: requirements and pression that they put on the funds that
1:44:31
Speaker 2: they invest in.
1:44:32
Speaker 1: And so you think the people running the pension funds
1:44:35
Speaker 1: could put more pressure in these private companies. And you
1:44:38
Speaker 1: want our if they want our crash, you need to
1:44:40
Speaker 1: go public.
1:44:41
Speaker 2: Yeah, they said to Sequoia, if you don't get your
1:44:43
Speaker 2: average company from your investment to an IPO down by
1:44:48
Speaker 2: twenty five percent, we're not doing your next fund. At
1:44:51
Speaker 2: the next board meeting, the person with Zaquoia on the
1:44:53
Speaker 2: board is betting in the table saying we got to
1:44:55
Speaker 2: get to the market faster. So that's where the power
1:44:59
Speaker 2: lies in this situation, situation, And I really think that
1:45:02
Speaker 2: in some ways because the public pension funds especially or
1:45:05
Speaker 2: look when I was deputy governor of Illinois, like I
1:45:07
Speaker 2: saw this, we would appoint people, but there are political
1:45:10
Speaker 2: appointees right to the pension funds. They weren't business people
1:45:13
Speaker 2: and as a result, they're often poorly run, and you know,
1:45:18
Speaker 2: they are more eager to be able to say I'm
1:45:21
Speaker 2: in Sequoia I'm an in grees and whatever it is KKR,
1:45:24
Speaker 2: then it is demaining that the leaders of those funds
1:45:28
Speaker 2: be accountable and provide really good returns. And so you know,
1:45:33
Speaker 2: that's where it has to come from.
1:45:39
Speaker 1: Anybody, anybody getting grabbing your attention for twenty twenty eight
1:45:43
Speaker 1: that you're excited about yet or.
1:45:44
Speaker 2: No, because in part, if you go back to the
1:45:47
Speaker 2: conversation we had about twelve minutes ago, I would say
1:45:50
Speaker 2: that I don't know who the rock star is yet,
1:45:53
Speaker 2: and I know that if I just find the look,
1:45:57
Speaker 2: you know, like you people come through New York and
1:46:00
Speaker 2: they're rising money or whatever in the car.
1:46:01
Speaker 1: Yeah, you meet these people, right, They're smart, anyone's for
1:46:05
Speaker 1: president smart, They're impressive. They're also super narcissist. I always
1:46:10
Speaker 1: pay this like you run for president, You're like, boy,
1:46:14
Speaker 1: you know you're you're a bit different than most of
1:46:16
Speaker 1: us who don't think we should be right, But you're
1:46:18
Speaker 1: good at this.
1:46:19
Speaker 2: And so I don't trust my own reaction in those meetings.
1:46:24
Speaker 2: And I've spent a lifetime around politicians because I understand
1:46:27
Speaker 2: what they're really good at, and that's what they're really
1:46:29
Speaker 2: good at, and so I don't Maybe it's you know,
1:46:33
Speaker 2: returns to the version of Iowa. But I would like
1:46:35
Speaker 2: to see something that shows me because look, I'm a
1:46:38
Speaker 2: rich guy in Manhattan, right. I am not an anyway
1:46:41
Speaker 2: indicative of America, right you. I live in downtown, I
1:46:47
Speaker 2: went to Ivy League schools. I'm everything that the that
1:46:50
Speaker 2: the right hates right many ways, and I'm not a
1:46:54
Speaker 2: good barometer for who's gonna win Iowa or New Hampshire.
1:46:58
Speaker 2: And so for me, what I'm trying to do is
1:47:01
Speaker 2: know what I don't know. And rather than saying, oh,
1:47:04
Speaker 2: Josh Shapiro is the guy, Yeah he might. I don't
1:47:07
Speaker 2: even know Josh Pierro, but he might resonate really well
1:47:09
Speaker 2: with me in a one on one launch or whatever
1:47:11
Speaker 2: it is. But so what right, So I would like
1:47:16
Speaker 2: to try to figure out a way that who is
1:47:20
Speaker 2: the candidate that can do what you talked about, which
1:47:23
Speaker 2: is they figured out how to navigate the independence in
1:47:25
Speaker 2: New Hampshire, they figured out how to organize ninety nine
1:47:28
Speaker 2: counties in Iowa, and then through that you knew this
1:47:32
Speaker 2: person has the intangible skill.
1:47:35
Speaker 1: Well it goes back. You know, It's funny you brought
1:47:37
Speaker 1: up the Battle of the Network Stars. By the way,
1:47:39
Speaker 1: if you, if you ever want to entertain yourself, go
1:47:41
Speaker 1: look at Go go watch highlight reels of that on YouTube,
1:47:44
Speaker 1: because they haven't. Okay, oh my god, it's it's fantastic.
1:47:47
Speaker 1: It's unbelievable, right you just see the You're like, how
1:47:50
Speaker 1: much cocaine was being done behind the scenes, right, there
1:47:54
Speaker 1: is no doubt, like you wouldn't have it if there
1:47:57
Speaker 1: was it, like you know, the amount of like create
1:48:00
Speaker 1: seventies coke that was taking place. But anyway, that ought
1:48:03
Speaker 1: to be actually a pretty good Netflix limited series, like
1:48:07
Speaker 1: behind the scenes and the battles of the network starts.
1:48:10
Speaker 2: I'm sure it'd be, you know, just hilarious investing, and
1:48:14
Speaker 2: we're going to make the show.
1:48:16
Speaker 1: Let's make that show. It would be you know, tell
1:48:18
Speaker 1: us the real story of Farah Faucet and Lee Majors,
1:48:21
Speaker 1: you know, like those those sorts of things. But there
1:48:26
Speaker 1: is a series of tests that we want these candidates
1:48:30
Speaker 1: to go through. And while I don't think we want
1:48:32
Speaker 1: it to look like Survivor or a game show, in
1:48:36
Speaker 1: some ways I do. I do like that there are
1:48:40
Speaker 1: all these weird obstacles in the primary calendar, or that
1:48:44
Speaker 1: there used to be. Because while it doesn't test you
1:48:49
Speaker 1: on whether how you're going to handle Putin. If you
1:48:52
Speaker 1: can't handle you know, the person that you got to
1:48:57
Speaker 1: deal with in Columbia, South Carolina that that in order
1:49:00
Speaker 1: to navigate you know, precinct, why well, then how the
1:49:03
Speaker 1: hell do we expect you to be able to handle
1:49:06
Speaker 1: a tough moment with Putin? Right?
1:49:08
Speaker 2: So the modern version that actually is the candidates who
1:49:12
Speaker 2: are truly adapt to new forms of technology, whether it
1:49:15
Speaker 2: was Kennedy and television or Obama and text, or Trump
1:49:20
Speaker 2: and Twitter or Mandani in short form video, they do
1:49:24
Speaker 2: really well because that becomes the way to do it.
1:49:28
Speaker 1: No, it's a you're not wrong, it's like, how do
1:49:31
Speaker 1: we how do we how do we sort of celebrate
1:49:35
Speaker 1: that part of the prime because you know, there's plenty
1:49:37
Speaker 1: of people who will criticize our conversation. You're trying to
1:49:40
Speaker 1: gamify it is sort of. It's not gamify. It's simply
1:49:43
Speaker 1: finding the person who's got the best attributes to handle
1:49:48
Speaker 1: how the job is done today.
1:49:50
Speaker 2: Plus, a binary contest is a game by definition, right,
1:49:56
Speaker 2: So like we're already in that construct.
1:49:59
Speaker 1: Yeah, well, mobile voting, when will we see the first votes.
1:50:04
Speaker 2: April in Anchorage? And then my hope would be a
1:50:09
Speaker 2: whole bunch of cities in different states.
1:50:11
Speaker 1: What does success look like to you? Turnout, like huge
1:50:14
Speaker 1: increases turnout.
1:50:15
Speaker 2: I'm not going to get that in year one. So
1:50:18
Speaker 2: Estonia is the one country in the world that has
1:50:20
Speaker 2: had internet voting for twenty years. I went over there
1:50:22
Speaker 2: this summer to kind of meet with a lot of
1:50:23
Speaker 2: people and learn more about it. So in year one
1:50:26
Speaker 2: it was one point three percent of voters voted online.
1:50:30
Speaker 2: Today it's well, it's a significant majority, right, And they
1:50:35
Speaker 2: went from having higher national turnout and low local turnout
1:50:40
Speaker 2: to sort of normalize it across the board, whereas now
1:50:43
Speaker 2: even MS collections are getting fifty instead of five because
1:50:47
Speaker 2: people just got used to it and it just became
1:50:49
Speaker 2: so easy that there's no reason not to do it.
1:50:51
Speaker 2: So that's what I'm going for.
1:50:53
Speaker 1: Hey, in nineteen ninety five, the state of Oregon ran
1:50:55
Speaker 1: this interesting experiment for mail in voting. It was the
1:51:00
Speaker 1: special election to replace Bob Packwood. The entire West Coast
1:51:05
Speaker 1: now majority votes by mail. Yeah, you know, and that
1:51:09
Speaker 1: was just thirty years ago.
1:51:10
Speaker 2: So that's that's what I'm hoping to do here.
1:51:12
Speaker 1: Yeah, Well, I'll be watching rather than great conversation and
1:51:15
Speaker 1: this was super fun and yeah, absolutely love to meet
1:51:18
Speaker 1: and we'll do it again. All right, thank you. Well,
1:51:29
Speaker 1: then you get your phones out or you're ready to
1:51:30
Speaker 1: vote on the internet mobile voting and all seriousness. I do.
1:51:34
Speaker 1: I believe this is going to happen. The question is
1:51:38
Speaker 1: is it going to happen in my lifetime? Are we
1:51:41
Speaker 1: so negative on the tech community that this is going
1:51:43
Speaker 1: to be something that we are later to adopt simply
1:51:47
Speaker 1: because of our distrust of both government and the tech
1:51:52
Speaker 1: companies these days? I think so. By the way, you
1:51:56
Speaker 1: may be wondering nothing on the Epstein file, I think
1:52:02
Speaker 1: this is one of those things where it's going to
1:52:05
Speaker 1: be I think the it's hard to speculate what revelation
1:52:10
Speaker 1: is necessary to change to change the conversation on this right.
1:52:18
Speaker 2: Is there.
1:52:20
Speaker 1: Is there a revelation that suddenly so troubles the right
1:52:26
Speaker 1: that they walk away from him completely. That's an open question,
1:52:31
Speaker 1: right I I think, you know. I think another fair
1:52:35
Speaker 1: question that I've been asking before I get a question
1:52:37
Speaker 1: here is I don't get his What does it? Why
1:52:42
Speaker 1: is he afraid of Glene Maxwell? What is it? I
1:52:45
Speaker 1: keep asking people that know him, why is he so
1:52:48
Speaker 1: soft on her? What is with this? You know, and
1:52:50
Speaker 1: we'll see does she get a you know, does she
1:52:52
Speaker 1: get her verdict thrown out? Does she end up you know,
1:52:55
Speaker 1: what does he end up doing there? I'm surprised he
1:52:59
Speaker 1: hasn't gone the other way and gotten harsher on her.
1:53:02
Speaker 2: What does she know?
1:53:03
Speaker 1: What is he afraid of? The only answers I get
1:53:05
Speaker 1: from people that know him is that it's because she's
1:53:08
Speaker 1: known him, She's known Milania longer than him. Something with
1:53:12
Speaker 1: that relationship. But that that origin story or whatever it is.
1:53:18
Speaker 1: That that's you know, I want to I'm not going
1:53:20
Speaker 1: to go any farther than that on that, on that
1:53:22
Speaker 1: speculation front, but whatever it is, he fears her enough,
1:53:29
Speaker 1: or maybe it goes back to a relationship with her father,
1:53:31
Speaker 1: who was a famed conservative Canadian media mucule. So it is,
1:53:36
Speaker 1: it is something there. And you know, he's also just
1:53:39
Speaker 1: very empathetic to fellow rich people in trouble. That's you know,
1:53:43
Speaker 1: just look at the people he pardons, right, So it
1:53:46
Speaker 1: is it is. Unfortunately his behavior is so odd that
1:53:51
Speaker 1: it only inspires more speculation, and that is on him.
1:53:55
Speaker 1: All right, Let's get to a few questions in here.
1:53:57
Speaker 1: Ask Chuck, Hey, Chuck, thanks for the great shows and
1:54:03
Speaker 1: let Cheese read if you know you know. I've dabbled
1:54:07
Speaker 1: in prediction markets for the first time this year and
1:54:10
Speaker 1: appreciate betting against other participants instead of the House. But
1:54:13
Speaker 1: political BECs do make me uneasy. Wagering on individual outcomes
1:54:17
Speaker 1: feels especially right for corruption, and I worry at further
1:54:19
Speaker 1: roads trust in our political system. I draw a line
1:54:22
Speaker 1: at institutional based outcomes like FED decisions, and feel more
1:54:25
Speaker 1: comfortable betting on foreign elections where influence seems less direct.
1:54:29
Speaker 1: How easy would it be for Stafford to know, for example,
1:54:31
Speaker 1: who the next FED chair will be then and then
1:54:35
Speaker 1: have themselves or friends or family load up on the
1:54:38
Speaker 1: prediction market positions. Keep up the great work things, Nick Smith,
1:54:41
Speaker 1: ps bear down, all right, I see what you did there.
1:54:46
Speaker 2: You know.
1:54:48
Speaker 1: That's the issue I have. I go back to the
1:54:51
Speaker 1: player prop market, and I appreciate the state of Virginia right.
1:54:56
Speaker 1: The state of Virginia, for instance, doesn't let you bet
1:54:58
Speaker 1: on awards. I can't bet on on who the NFL
1:55:01
Speaker 1: MVP is going to be. You can't bet on the
1:55:03
Speaker 1: Heisman Trophy, you can't bet you can bet on who's
1:55:05
Speaker 1: going to win the national title. You can bet on
1:55:07
Speaker 1: who's going to win the super Bowl, but they don't
1:55:10
Speaker 1: allow on the individual awards. They don't let you bet
1:55:13
Speaker 1: on the Oscars in Virginia, but you can bet on
1:55:15
Speaker 1: the Oscars in DC. But different, like I said, different
1:55:19
Speaker 1: states are regulating things a different way. But this is
1:55:22
Speaker 1: something that perhaps this is where national regulation is probably
1:55:25
Speaker 1: going to be. The corruptibility of the individual prop markets.
1:55:30
Speaker 1: Whether it's about who's the next FED chair, who's the
1:55:33
Speaker 1: first cabinet secretary to be fired, who's that? You know,
1:55:36
Speaker 1: there is always a window in time where somebody knows
1:55:39
Speaker 1: the actual answer. You know, it's you know, we call
1:55:42
Speaker 1: it in the stock world insider trading. You know, there's
1:55:45
Speaker 1: going to be an announcement. If you want to know
1:55:48
Speaker 1: what we mean by this, go watch the movie Trading
1:55:51
Speaker 1: Places with Eddie Murphy and Dan Ackroyd, which was about
1:55:54
Speaker 1: cornering the frozen You know, they thought they had stolen
1:55:57
Speaker 1: the report, right, that's the plot, and they thought they
1:56:00
Speaker 1: had insider information, and they load up on buying un
1:56:05
Speaker 1: buying frozen orange juice concentrate, which I don't think you
1:56:08
Speaker 1: gotta you can do oranges, but I don't think you
1:56:10
Speaker 1: can do orange juice concentrate. But whatever. The point is
1:56:13
Speaker 1: is that the movie Trading Places actually is a pretty
1:56:16
Speaker 1: good job of at least explaining showing an example of
1:56:21
Speaker 1: how insider trading can work, how it is, it is,
1:56:27
Speaker 1: how manipulative to a market it could be. And that's
1:56:30
Speaker 1: the point, right Like that appears needs to probably be
1:56:35
Speaker 1: the line, you know, and betting on American elections, it's
1:56:41
Speaker 1: just I just worry about, you know, my god, political coverage.
1:56:45
Speaker 1: It was interesting. I just had I appeared on newsbacks
1:56:50
Speaker 1: recently and the one of the hosts, Rob Finnerty, said, oh,
1:56:54
Speaker 1: he trusts the prediction markets more than polling, and I said,
1:56:57
Speaker 1: I'm sorry, I don't. I'm not there because the prediction market,
1:57:00
Speaker 1: it's follow the polling that I've noticed. Where there is polling,
1:57:03
Speaker 1: the prediction markets basically allow the polling to influence the market.
1:57:06
Speaker 1: It's not as if the mark you know, I'm not
1:57:09
Speaker 1: saying that over time, if you have a lot of
1:57:11
Speaker 1: numbers that maybe maybe that is a way to sort
1:57:15
Speaker 1: of crowd source disparate information. But I'm skeptical that it
1:57:23
Speaker 1: can be regulated against abuse. That's my that's my concern
1:57:28
Speaker 1: on that Anyway, I appreciate the question. Next question, Chucks,
1:57:32
Speaker 1: a fifty three year old Kine from Coral Gables. It's
1:57:34
Speaker 1: a joy listening to you. Well, I'm a fifty three
1:57:37
Speaker 1: year old Caine from Kendall.
1:57:39
Speaker 2: So there you go.
1:57:40
Speaker 1: We can keep up the great word.
1:57:42
Speaker 2: Thank you.
1:57:43
Speaker 1: I've been thinking about your interest in prediction markets like
1:57:45
Speaker 1: Calcia and polling market, especially as a parent. I worry
1:57:47
Speaker 1: these platforms are part of a larger wagering industrial complex
1:57:50
Speaker 1: trying to hook young people, turning serious events and entertainment
1:57:54
Speaker 1: and tempting people to manipulate outcomes. Some of the bets
1:57:57
Speaker 1: feel straight out of idiocracy or worse, the hung games.
1:58:00
Speaker 1: Gocain's hire them Los Angeles, California. Look, you said it
1:58:04
Speaker 1: very well.
1:58:04
Speaker 2: Like it again.
1:58:06
Speaker 1: There are I like I enjoy sports gambling. I enjoyed
1:58:11
Speaker 1: gambling on team sports. I struggle even an individual sports. Now,
1:58:17
Speaker 1: bet on, I would be more comfortable knowing that everybody,
1:58:20
Speaker 1: you know, I don't. I don't think there's golfers that
1:58:22
Speaker 1: want to throw the Masters, and I don't think they're
1:58:23
Speaker 1: tennis players that want to throw Wimbledon. But table tennis,
1:58:30
Speaker 1: I don't know, right, you know, in some of the
1:58:34
Speaker 1: biggest scandals have been the sort of more arcane sports
1:58:37
Speaker 1: at times, and usually where you can just find one
1:58:40
Speaker 1: person to essentially totally look. And I'm not saying you
1:58:45
Speaker 1: can't corrupt team sports. We've had points shaving scandals and
1:58:48
Speaker 1: all of that, and I do think in fairness in
1:58:50
Speaker 1: the sports world, I think one of the reasons why
1:58:53
Speaker 1: we've seen a hot we've seen these scandals is because
1:59:03
Speaker 1: the casinos, these mobile betting companies are doing a good
1:59:06
Speaker 1: job identifying and finding patterns and sort of you know,
1:59:12
Speaker 1: it's certainly, at least in the iteration one point, oh,
1:59:16
Speaker 1: I've done a pretty good job at identifying that. But
1:59:18
Speaker 1: everything gets more sophisticated over time, and ultimately, if something
1:59:24
Speaker 1: can be corrupted, it will be corrupted. And I don't
1:59:29
Speaker 1: think a larger market can could correct this corruption. All right,
1:59:33
Speaker 1: next question, Hey, Chuck, I haven't dug into prediction markets much,
1:59:36
Speaker 1: but if I did, I might place a show bet
1:59:39
Speaker 1: on Gavin Newsom for the Democratic nomination. I'm uneasy about
1:59:42
Speaker 1: the potential for insider trading, and worse, the risk that
1:59:44
Speaker 1: someone might try to influence political outcomes through violence for
1:59:49
Speaker 1: financial gain. With sports betting already targeting young men heavily.
1:59:53
Speaker 1: I'm wary of making high stakes wagering even more mainstream
1:59:58
Speaker 1: hashtag Ashta five timer club Chase c from Little Rock Nice.
2:00:03
Speaker 1: I think if that's the case, Kudos, congratulations, welcome to
2:00:07
Speaker 1: the UH. Here's another one. I don't think I'm not
2:00:10
Speaker 1: gonna have to answer. I'm just gonna this is mostly
2:00:12
Speaker 1: from you guys. Here's Eric B on this issue. Dear Chuck,
2:00:16
Speaker 1: thanks for all the great content. I especially enjoy the
2:00:18
Speaker 1: long form interviews and your Monday pod with Melissa. As
2:00:21
Speaker 1: a financial consultant, I find prediction markets like Calshi and
2:00:23
Speaker 1: Pollymarket helpful for gauging consensus on elections and policy shifts.
2:00:27
Speaker 1: That said, I'm concerned these platforms are increasingly gamifying investing,
2:00:31
Speaker 1: especially for younger users, blurring the line between gambling and
2:00:34
Speaker 1: financial decision making. But she's a read from Colorado. PS.
2:00:39
Speaker 1: You share a fence with my brother in law and
2:00:40
Speaker 1: sister in law, so your local references always make me
2:00:43
Speaker 1: feel closer to my niece and nephew. Well, no kidding, Well,
2:00:48
Speaker 1: nice to know, and I am one of those who
2:00:50
Speaker 1: thinks good fences make good neighbors. I think all I
2:00:53
Speaker 1: find all of my neighbors are good, but I have
2:00:54
Speaker 1: a good fence because I'm the one with the dogs
2:00:57
Speaker 1: and I'm the one with barking dogs. So know that
2:01:00
Speaker 1: hopefully your your niece and nephew aren't anti dog on
2:01:06
Speaker 1: that front. Look, I what you said is important, and
2:01:10
Speaker 1: you know, it's interesting with the investing, right, we've seen
2:01:12
Speaker 1: the meme stock trend and and this is you know,
2:01:15
Speaker 1: as a concern with Robin hood right, the idea that
2:01:18
Speaker 1: that suddenly, you know, memes can take off. But look,
2:01:20
Speaker 1: you have run on stocks all the time. I hope
2:01:24
Speaker 1: people are smarter about investing and look at things like, hey,
2:01:28
Speaker 1: are you how many you know, what percentage are you
2:01:31
Speaker 1: trading over your over over your over your essentially over
2:01:37
Speaker 1: your profit?
2:01:37
Speaker 2: Right?
2:01:38
Speaker 1: You know, I think Google trades at eighteen times, but
2:01:43
Speaker 1: I think pollunteer trades it's like six hundred decks. Well,
2:01:46
Speaker 1: be careful of by owning stock of anything that's six
2:01:49
Speaker 1: hundreds because that's overly speculative versus something that has more provable,
2:01:55
Speaker 1: more more provable, provable, provable uh profit and things like that.
2:02:01
Speaker 1: But yeah, the gamifying as stocks we've seen, you know,
2:02:05
Speaker 1: imagine being on the wrong end of game. Stop for instance,
2:02:10
Speaker 1: Here's another one from Michael. I'm a younger millennial who's
2:02:13
Speaker 1: dabbled in betting markets but now mostly observes with concern,
2:02:16
Speaker 1: interesting especially around their impact on young men. Alongside meme stocks.
2:02:20
Speaker 1: They seem to turn everything into a game of instant
2:02:22
Speaker 1: gratification with little lasting gain. Your Federal Reserve example is
2:02:25
Speaker 1: spot on. Many now just trade events rather than invest
2:02:28
Speaker 1: with long term thinking. With personal finances already shaky for
2:02:31
Speaker 1: my generation, I wonder if policymakers are being too libertarian
2:02:35
Speaker 1: and whether we're heading towards a future where safety nets
2:02:39
Speaker 1: are strained by decades of unchecked gambling. Thanks Michael, you
2:02:43
Speaker 1: know it's interesting this issue. You're the second person to
2:02:45
Speaker 1: bring up the what this impact is doing for younger men,
2:02:48
Speaker 1: this sort of this scenification of everything. You know, it's
2:02:51
Speaker 1: sort of like how you know, how Instagram really sort
2:02:56
Speaker 1: of screwed up a lot of younger women and on
2:03:04
Speaker 1: looks and things like that, and worried about that issue
2:03:08
Speaker 1: that this was, that this Instagram was was causing all
2:03:15
Speaker 1: sorts of young women to have body shaming issue, body
2:03:18
Speaker 1: image issues due to body shaming and all of this stuff.
2:03:21
Speaker 1: I mean, is it is interesting that we've got two
2:03:25
Speaker 1: fairly new technologies, and these mobile technologies, and they're really
2:03:28
Speaker 1: having negative impacts on young women for different reasons and
2:03:32
Speaker 1: on young men for different reasons. And so it is
2:03:36
Speaker 1: I think you're we're hitting on something that ultimately, you know,
2:03:41
Speaker 1: the big pushback that is coming against big tech and
2:03:44
Speaker 1: against sort of all of this is going to be
2:03:48
Speaker 1: the argument is going to be strongest when you do
2:03:50
Speaker 1: it through the prism of what it is doing to
2:03:53
Speaker 1: young girls, young boys, young men, young women. Finally, I'm
2:04:02
Speaker 1: going to do one more question. It's not this one
2:04:04
Speaker 1: is not about the Calshier polymarket. This one comes from
2:04:09
Speaker 1: a UNBC fan. By the way, that UNBC Retrievers. You
2:04:12
Speaker 1: might remember them. They're famous for being the loan sixteen
2:04:16
Speaker 1: seat to defeat a one seat in the NCAA basketball tournament.
2:04:18
Speaker 1: But Douglas writes this. He says, Hey, Chuck, you frequently
2:04:20
Speaker 1: say that you trust the public, especially when it comes
2:04:22
Speaker 1: to holding a constitutional convention.
2:04:24
Speaker 2: I am hesitant.
2:04:25
Speaker 1: I first voted in the twenty oh four presidential election,
2:04:27
Speaker 1: where voters in eleven states enacted state constitutional amendments prohibiting
2:04:31
Speaker 1: gay marriage. I just came out to my family in
2:04:33
Speaker 1: February of that year, and I felt like an outsider
2:04:35
Speaker 1: in both my house and my republic. Yes, through later
2:04:38
Speaker 1: grassroots efforts in Supreme Court cases, I gained the right
2:04:41
Speaker 1: to marry ten years later in Maryland, but it is
2:04:44
Speaker 1: still a reminder that civil rights is always a struggle
2:04:46
Speaker 1: in the country. How can we trust the public when
2:04:48
Speaker 1: the public isn't always protective of minorities. You're not wrong
2:04:53
Speaker 1: on that, but I would argue that the Constitution that
2:05:00
Speaker 1: ultimately the way what it takes to get a constitutional
2:05:05
Speaker 1: amendment passed is not just a simple majority, and so
2:05:09
Speaker 1: you don't have to fear sort of mob rule, and right,
2:05:12
Speaker 1: that was kind of kind of mob rule, right, It
2:05:15
Speaker 1: was a little bit of of I don't know how
2:05:17
Speaker 1: else to put it. Those those things were worded in
2:05:20
Speaker 1: such a way to be negative and all of that.
2:05:26
Speaker 1: To get thirty eight states to sign on to something
2:05:31
Speaker 1: that is prejudicial, I just think is really assuming the
2:05:35
Speaker 1: worst about us as a as a country. So I
2:05:40
Speaker 1: just think that because of what it takes to get
2:05:43
Speaker 1: a constitutional amendment at it, thirty eight states, you know,
2:05:49
Speaker 1: plus you know, super majorities when it comes to Congress,
2:05:54
Speaker 1: I think those are that that I I think provides
2:05:59
Speaker 1: the buffer right those referendum that you're referring to, know,
2:06:03
Speaker 1: for we're all fifty percent right. It was all fifty
2:06:06
Speaker 1: percent plus one, which is why I'm always a little concerned.
2:06:11
Speaker 1: You know, I have some empathy for those that want
2:06:14
Speaker 1: to raise the threshold on state constitutional amendments to sixty
2:06:18
Speaker 1: rather than fifty.
2:06:18
Speaker 2: Now.
2:06:19
Speaker 1: I think the motivation for it is very political and
2:06:22
Speaker 1: very ideological, but I think the principle of it I
2:06:27
Speaker 1: sort of, like I said, I'm I empathize with it.
2:06:31
Speaker 1: I think that when you're trying to put something sort
2:06:35
Speaker 1: of in legal cement right, which is what a constitutional
2:06:39
Speaker 1: amendment is putting in an either state level or at
2:06:41
Speaker 1: a federal level, that that shouldn't be a simple majority.
2:06:45
Speaker 1: So that I take your point. It's a very fair example,
2:06:51
Speaker 1: but it also look at how public sentiment. I think
2:06:56
Speaker 1: if public sentiment had been negative towards same sex marriage,
2:07:00
Speaker 1: I don't know. If the Supreme Court does what it
2:07:01
Speaker 1: does right, the shift in acceptance mattered too in that,
2:07:06
Speaker 1: which means public opinion did end up end up in
2:07:11
Speaker 1: the right place.
2:07:12
Speaker 2: On that.
2:07:16
Speaker 1: Reminder, next week, I am going to empty the mailbag.
2:07:20
Speaker 1: So if you've got questions, if you want to do races,
2:07:22
Speaker 1: if you want to do individual Senate House battleground stage,
2:07:26
Speaker 1: college football, constitutional conventions, more poly market. I'd love if
2:07:31
Speaker 1: you guys get some reaction everything was one sided. I'd
2:07:36
Speaker 1: love to hear from those that are pro betting markets.
2:07:39
Speaker 1: Give me your best tastes. Why you think I'm clutching
2:07:44
Speaker 1: my pearls too much on this one. For those of
2:07:47
Speaker 1: you that think that, I would love to hear the
2:07:49
Speaker 1: best arguments in favor of being able to bet on
2:07:53
Speaker 1: who the next VET chair is and why that is
2:07:55
Speaker 1: a good thing, So please send me that stuff as well.
2:08:08
Speaker 1: All right, well that I can't not do an update
2:08:13
Speaker 1: on college football. I am going to the Texas A
2:08:15
Speaker 1: and M game. I'm looking forward. I'm going to be
2:08:18
Speaker 1: tailgating with my friend Chris Alissa, who is married into
2:08:21
Speaker 1: an Aggie family, so I will hear a lot of Gigham.
2:08:26
Speaker 1: I guess what I'm really hoping for is the only
2:08:28
Speaker 1: thing I want to experience that's positive in college station
2:08:34
Speaker 1: is tailgate barbecue. So if any of you Aggie fans
2:08:38
Speaker 1: out there, if you want to be generous to a
2:08:41
Speaker 1: Hurricane fan before the game, give me some thoughts on
2:08:44
Speaker 1: getting some good tailgate barbecue Texas barbecue while I'm down there.
2:08:49
Speaker 1: That's what That's what my daughter and I I think
2:08:53
Speaker 1: we would both be interested in on that front. So
2:08:57
Speaker 1: I'm looking forward to that's my first. I will be
2:09:00
Speaker 1: my fourth hundred thousand plus college stadium that I've been
2:09:03
Speaker 1: to and experienced a game at. So I've been to
2:09:09
Speaker 1: the Rose Bowl for four. Rose Bowl Miami's only appearance
2:09:13
Speaker 1: in the Rose Bowl, they won a national title. I
2:09:15
Speaker 1: believe that was over one hundred thousand. I've been to
2:09:17
Speaker 1: a Miami Tennessee game that Miami won that was over
2:09:20
Speaker 1: one hundred thousand. And I've been to a Biay Penn
2:09:21
Speaker 1: State game that Miami won. So hopefully that streak will
2:09:24
Speaker 1: continue because we're you know as well, so hopefully that'll happen. Look,
2:09:30
Speaker 1: I'm I'm very I want to be bullish about my Hurricanes,
2:09:33
Speaker 1: both as a fan and you know, Miami is always
2:09:38
Speaker 1: better in an underdog role when they're better. I think
2:09:43
Speaker 1: Mario crystalbal is a better underdog than he is as
2:09:45
Speaker 1: a favorite in that sense. I like our chances. I
2:09:49
Speaker 1: like the fact that we're not playing a night game
2:09:51
Speaker 1: down there with the twelfth Man that we're playing a
2:09:54
Speaker 1: day game. It's just going to be you know, I
2:09:57
Speaker 1: don't know how early Aggie fans are going to get
2:09:59
Speaker 1: up to start getting moved up for that game, but
2:10:01
Speaker 1: my goodness, you're gonna I think by the eleven am
2:10:05
Speaker 1: local kickoff it won't be as loud and crazy as
2:10:08
Speaker 1: it would be if it had been a seven pm
2:10:10
Speaker 1: local kickoff. So I think the I think the the
2:10:16
Speaker 1: the programmers at ESPN that they chose not to make
2:10:19
Speaker 1: probably the best game of the first round of the
2:10:22
Speaker 1: College Football Playoff. The fact they didn't put that sucker
2:10:24
Speaker 1: in primetime is or make that the Friday night game
2:10:29
Speaker 1: is a bit of a head scratcher. I don't think
2:10:31
Speaker 1: the Alabama Oklahoma game is going to be all that interesting.
2:10:35
Speaker 1: Well you know, I think it'll be an ugly, low
2:10:37
Speaker 1: scoring affair where for where very where Alabama is in
2:10:43
Speaker 1: almost the same spot Ohio State was in last year,
2:10:47
Speaker 1: where had Ohio State lost to Tennessee, Ryan Day would
2:10:51
Speaker 1: have been fired. Instead, he beats Tennessee and wins the
2:10:54
Speaker 1: national title, and now he's got some job security for
2:10:56
Speaker 1: a few years. I'm not saying Alabama will fight Kaylen
2:11:00
Speaker 1: de boor if he gets a fourth loss here, but
2:11:03
Speaker 1: it would be what third loss? Three losses out of
2:11:06
Speaker 1: in the last five games if they end up and
2:11:10
Speaker 1: twice to Oklahoma team that barely registered on offense. And
2:11:17
Speaker 1: I will say this, I thought, Kaylen de Bor's I'm
2:11:20
Speaker 1: not going I'm going to be the coach of Alabama
2:11:22
Speaker 1: explanation took him way too long to get to that conclusion.
2:11:26
Speaker 1: During that press conference. It was Paul Feinbaum seemed to
2:11:30
Speaker 1: have noted this because there was a lot of world
2:11:32
Speaker 1: salad when he simply could have said, no, I'm not
2:11:34
Speaker 1: Why would I ever leave Alabama? This is the best
2:11:36
Speaker 1: job in college football. Why was that not the easiest
2:11:39
Speaker 1: answer to say? The fact that that wasn't instinctively his
2:11:42
Speaker 1: first answer tells me someone is not somebody's not loving
2:11:47
Speaker 1: having to be the heir apparent to Nick Saban, because
2:11:50
Speaker 1: as somebody who knows the little things about air parents
2:11:53
Speaker 1: or not, Let's say, you don't want to follow immediately
2:11:56
Speaker 1: follow a legend like Nicksaban. You want to be the
2:11:59
Speaker 1: guy after the guy. And I think my guess is
2:12:04
Speaker 1: that calein de Boor. He strikes me as a guy
2:12:07
Speaker 1: who's all of his experiences in the Midwest or the
2:12:09
Speaker 1: northern tier. Right, all of his small college experience was
2:12:13
Speaker 1: up there. He's not a guy of the South, didn't
2:12:16
Speaker 1: have as much experience recruiting in the South and all
2:12:18
Speaker 1: of that. So I I wonder if he's just culturally
2:12:23
Speaker 1: not been the right fit, and I would I remember
2:12:26
Speaker 1: being surprised that they he was certainly the hottest coach
2:12:29
Speaker 1: to hire, But in hindsight, you know, the smarter hire
2:12:34
Speaker 1: would have been a former somebody who had been on
2:12:36
Speaker 1: Saban's staff. Oh, I don't know, somebody named Kurt Signetti.
2:12:40
Speaker 1: Well easy to say that now.
2:12:41
Speaker 2: Isn't it.
2:12:43
Speaker 1: But anyway, I look, I'm weirdly bullish. And if Miami
2:12:47
Speaker 1: gets through this, they would play Ohio State. And what
2:12:49
Speaker 1: I love about Miami's path is it's the single hardest
2:12:52
Speaker 1: path to win a national title. And and for Miami's purposes,
2:12:57
Speaker 1: I wouldn't want it no other way. Right, there is
2:12:59
Speaker 1: a lot of question marks about the ACC, a lot
2:13:01
Speaker 1: of question marks about Mario Crystabal. Well, the best way
2:13:04
Speaker 1: to erase those question marks beat A and M on
2:13:06
Speaker 1: the road, and then beat Ohio State, and then after
2:13:09
Speaker 1: that everything is gravy.
2:13:10
Speaker 2: You know.
2:13:10
Speaker 1: For me, my expectations are I'm extraordinarily disappointed if we
2:13:15
Speaker 1: can't win one game. I expect to win one game.
2:13:18
Speaker 1: I will be disappointed if we don't win two. I
2:13:22
Speaker 1: will be happy if we can get to the Semis.
2:13:26
Speaker 1: And then it's Carson Beck versus his old team in Georgia.
2:13:29
Speaker 1: That would be a fun one, right, great storyline. There's
2:13:32
Speaker 1: some fun storylines for Miami in various right being able
2:13:35
Speaker 1: to play Ohio State a nemesis. You know, the last
2:13:38
Speaker 1: time Miami played for a national title, Ohio State, with
2:13:41
Speaker 1: the assistance of a referee, stole that national title from him.
2:13:44
Speaker 1: So we got a little bit of there. Georgia. It's
2:13:46
Speaker 1: Carson Beck versus his old team. How about a Miami
2:13:49
Speaker 1: Oregon matchup Mario crystal ball coaching against his old team.
2:13:53
Speaker 1: So some fun, interesting storylines that could develop. But if
2:13:58
Speaker 1: there is any pressure, I you know, it's interesting. I
2:14:02
Speaker 1: think both Miami and A and M have unique pressure. Right.
2:14:05
Speaker 1: A and M doesn't want to have to lost like
2:14:07
Speaker 1: two of its last three, you know, when they could
2:14:10
Speaker 1: have almost lost three in a row, right, they lost
2:14:12
Speaker 1: to Texas, almost lost to South Carolina. All you know,
2:14:15
Speaker 1: A and M has always had this, They're always really
2:14:19
Speaker 1: close to being a top tier college football program, but
2:14:22
Speaker 1: for some reason they stumble right, and this would fit
2:14:26
Speaker 1: a pattern for them ever since Miami's tried to come back.
2:14:29
Speaker 1: Right is the U back?
2:14:30
Speaker 2: Is the U back?
2:14:30
Speaker 1: And it looks like we get there and then we
2:14:32
Speaker 1: stub our toe not beating Texas A and m Right,
2:14:35
Speaker 1: that would just add to the lore. Can Mario Crystal
2:14:38
Speaker 1: Ball win big games?
2:14:39
Speaker 2: Right?
2:14:39
Speaker 1: So there's a little bit of pressure there, and plus
2:14:41
Speaker 1: we have the we're carrying the load for a mismanaged
2:14:44
Speaker 1: conference called the ACC. So that interesting and I am
2:14:49
Speaker 1: curious to see does the pressure that I think both
2:14:52
Speaker 1: Elco and Crystal Ball have in this game? How how
2:14:57
Speaker 1: conservative are they in the first half. I expect a
2:15:00
Speaker 1: super low scoring first half and then we'll see the
2:15:03
Speaker 1: playbooks open up as the as sort of desperation kicks
2:15:06
Speaker 1: in in the third and fourth quarter. But if you
2:15:10
Speaker 1: told me this was seven to three at halftime, ten
2:15:13
Speaker 1: to seven, three to three, six to three, right, these
2:15:17
Speaker 1: are two really good defenses, and you know defenses always travel.
2:15:23
Speaker 1: Carson Beck on the road has not always been the greatest.
2:15:26
Speaker 1: The last time he was in the state of Texas,
2:15:28
Speaker 1: he threw perhaps what would have been the single most
2:15:32
Speaker 1: important interception that he threw all year, the last one
2:15:35
Speaker 1: against SMU in overtime. So you know, Beck has something
2:15:39
Speaker 1: to prove as well. But I'm just happy Miami seems
2:15:43
Speaker 1: healthy and the quarterback that needs to prove something because
2:15:49
Speaker 1: he's got a draft coming up, So all the incentives
2:15:52
Speaker 1: are aligned. We don't win, it's gonna it's gonna be painful.
2:15:59
Speaker 1: I guess I could accept losing by three or less,
2:16:03
Speaker 1: but losing is gonna sting this one. You know, it's
2:16:08
Speaker 1: really proved that Miami is back and belongs in its
2:16:12
Speaker 1: rightful but what I believe should be the rightful place
2:16:14
Speaker 1: in the top consistent, top ten program. They gotta win one.
2:16:18
Speaker 1: They gotta win one in this playoff run at a minimum,
2:16:21
Speaker 1: and of course my expectation at a minimum is too
2:16:26
Speaker 1: a few other things on the weekend, Like I said,
2:16:30
Speaker 1: very curious what happens how Alabama fans react if Alabama
2:16:35
Speaker 1: loses this game. By the way, at the start of
2:16:38
Speaker 1: this season, there was some chatter that Brett Vvennables was
2:16:40
Speaker 1: on the hot seat at Oklahoma. I think it's fair
2:16:42
Speaker 1: to say that he's bought himself another year or two.
2:16:47
Speaker 1: Is this offense going to be any better though. This
2:16:49
Speaker 1: offense has been a it is. And you know, I
2:16:52
Speaker 1: will say this, Mattier has had more time to get healthy,
2:16:56
Speaker 1: and I think that's why you're seeing a lot of
2:16:59
Speaker 1: momentum if a lot of the experts, a lot of
2:17:01
Speaker 1: people feel better about Oklahoma going into this game, Materiar
2:17:06
Speaker 1: getting healthier, having more time off. Alabama seems less healthy
2:17:11
Speaker 1: and they have this sort of this stuff hanging over
2:17:13
Speaker 1: their head. In fact, I think Oklahoma has like the
2:17:15
Speaker 1: least amount of turnover that they have to do with.
2:17:17
Speaker 1: Only Miami I think has less turnover. They don't have
2:17:19
Speaker 1: coaches going to other jobs or anything like that. Orgon's
2:17:22
Speaker 1: got two assistants that are beginning that will be beginning
2:17:25
Speaker 1: head coaching stints. So you know that also could be
2:17:29
Speaker 1: a factor of the two long shot ones. Right, we
2:17:32
Speaker 1: have our group of five playoff games, right, you have
2:17:34
Speaker 1: two lane oh miss. I will say this, the fact
2:17:39
Speaker 1: that Tulane's played them once, that's got to matter for something.
2:17:43
Speaker 1: And obviously you'll have a different I smell a lower
2:17:47
Speaker 1: scoring game in that one, particularly a lower scoring first half.
2:17:54
Speaker 1: As for Oregon, that's one of those where't be surprised
2:18:01
Speaker 1: if James Madison JMU tries all sorts of crazy things
2:18:06
Speaker 1: in the first quarter. You'll see fake punts, You'll see
2:18:09
Speaker 1: trick plays, fleet flickers, all of these things, and it's
2:18:13
Speaker 1: one of those can they get a shock early touchdown?
2:18:16
Speaker 1: Right like you know I it would if you told me, wow,
2:18:21
Speaker 1: jmu's up ten to three. Wow JMU lost forty one
2:18:25
Speaker 1: to ten, right like that, if you told me we
2:18:28
Speaker 1: had a sort of pattern like that, Because I do
2:18:30
Speaker 1: think you'll see, like the what should be fun about
2:18:36
Speaker 1: watching JMU is they talk about playing with house money.
2:18:39
Speaker 1: They got nothing to lose. It is not about just
2:18:42
Speaker 1: you know, trying to cover the spread. I think you're
2:18:46
Speaker 1: going to see some innovation and at least a lot
2:18:49
Speaker 1: of trick plays, which could make at least fun. I'll
2:18:53
Speaker 1: be I wonder if we have it as much of
2:18:55
Speaker 1: that with Tulane or not. Look Tulane, they're the you
2:18:59
Speaker 1: know as a program, they're you know them South Florida,
2:19:04
Speaker 1: ut SA maybe to North Texas like they're the they're
2:19:10
Speaker 1: the group of five teams that in their head think
2:19:13
Speaker 1: that you know, if the power four expands by another
2:19:17
Speaker 1: four or six schools, right, or if the ACC. You know,
2:19:21
Speaker 1: if the best teams from the ACC go end up
2:19:23
Speaker 1: in the Big ten in the SEC, then the ACC
2:19:26
Speaker 1: replaces those teams with North Texas, South Florida, ut SA,
2:19:29
Speaker 1: and Tulane. I think they're the they're the first. They're
2:19:33
Speaker 1: among the first four programs that could get the call
2:19:37
Speaker 1: up to the ACC. In particular, if the ACC loses,
2:19:44
Speaker 1: UH loses a bunch of folks there. So look for
2:19:47
Speaker 1: those of you that know me really well, know that
2:19:49
Speaker 1: Saturday is probably the biggest single day, UH in my
2:19:53
Speaker 1: personal football fandom that I've had in a long time,
2:19:55
Speaker 1: because my Packers have to play the Bears on Saturday
2:19:58
Speaker 1: night in Chicago, and it is for the division winner
2:20:02
Speaker 1: is likely going to win the division. Loser is going
2:20:05
Speaker 1: to be stuck going on the road playing either Tampa
2:20:09
Speaker 1: Carolina whoever wins that South Division, or maybe having to
2:20:14
Speaker 1: play the Eagles, a beating up Eagles team, but either
2:20:18
Speaker 1: way having to start the playoff. You if the Packers
2:20:20
Speaker 1: want to host a playoff game, they got to win
2:20:22
Speaker 1: Saturday night. So I got my Hurricanes at lunch and
2:20:28
Speaker 1: my Packers for dinner. I'm just hoping that the Aggies
2:20:32
Speaker 1: don't have my Hurricanes for lunch and the Bears don't
2:20:34
Speaker 1: have my packers for dinner. All right, with that, there's
2:20:37
Speaker 1: my college football finat. Remember fan is short for fanatic,
2:20:43
Speaker 1: and I fully accept that I am fanatical about my
2:20:47
Speaker 1: Packers and about my Hurricanes. By the way, I'm also
2:20:49
Speaker 1: in my fantasy football playoffs, in case you're wondering there,
2:20:52
Speaker 1: I was seven and seven, I got the last spot,
2:20:55
Speaker 1: and I'm already in my semi finals. That's how you
2:20:58
Speaker 1: do it, That's how you get lucky. Is all honesty.
2:21:02
Speaker 1: Thank you, mister Etn for getting more than one touchdown
2:21:04
Speaker 1: last week. Okay, so with that, I'm gonna enjoy your weekend,
2:21:08
Speaker 1: enjoy college football. If you like this podcast at all,
2:21:13
Speaker 1: send some good vibes down to College Station on behalf
2:21:15
Speaker 1: of my Mind Hurricanes, and from there I'll see I'm
2:21:18
Speaker 1: my mone