1 00:00:22,480 --> 00:00:26,440 Speaker 1: And Hi, how are you welcome to the Big Podcast. 2 00:00:27,239 --> 00:00:31,480 It's Tuesday. Today is the twenty fifth day of November, 3 00:00:32,200 --> 00:00:34,840 year of our lower twenty twenty five. My name is 4 00:00:34,880 --> 00:00:39,719 Tom Sullivan, and we get started. It's starting to feel 5 00:00:39,759 --> 00:00:43,799 like a holiday week, isn't it. I mean, everything seems 6 00:00:43,799 --> 00:00:45,759 to be a little bit out of kilter right now. 7 00:00:46,880 --> 00:00:51,960 The focus is on the bird on Turkey on Thursday. 8 00:00:52,159 --> 00:00:55,920 On Thanksgiving, you've got the focus on the food. We 9 00:00:56,039 --> 00:01:01,200 got some numbers from Butterball. We got traffic, and I 10 00:01:01,359 --> 00:01:07,480 wonder sometimes if the media is not just exaggerating this 11 00:01:07,560 --> 00:01:12,920 whole thing about everybody's traveling. Eighty some million people are 12 00:01:13,400 --> 00:01:16,280 going to be on the road, spread out over a 13 00:01:16,359 --> 00:01:20,159 number of days. It's eighty one million people. Eighty nine 14 00:01:20,280 --> 00:01:23,599 percent of that will go by cars, seven percent by air. 15 00:01:24,400 --> 00:01:28,439 But I was watching a number of the networks this morning, 16 00:01:28,760 --> 00:01:34,359 and they have their reporters dutifully stationed at airports around 17 00:01:34,400 --> 00:01:37,840 the country, and I didn't see one that looked crappit. 18 00:01:38,719 --> 00:01:41,799 They all looked They looked less crowded than I normally 19 00:01:41,879 --> 00:01:46,599 expect on the normal business day traveling someplace, going to 20 00:01:46,640 --> 00:01:52,760 the airport. Busy airports, people are flying more aviation. Commercial 21 00:01:52,760 --> 00:01:58,840 aviation passenger loads are up every year and have been 22 00:01:58,920 --> 00:02:01,799 for a number of years. They took a dip during COVID, 23 00:02:01,840 --> 00:02:05,040 but other than that, it's been back on the road 24 00:02:05,120 --> 00:02:09,240 to more and more on TSA, screening more people. So 25 00:02:09,719 --> 00:02:15,759 I've told you before, I think my solution to any 26 00:02:15,879 --> 00:02:20,280 zaniness at the airport, even though I haven't seen any yet, 27 00:02:21,120 --> 00:02:24,120 I'm not at the airport. I'm watching through some camera somewhere. 28 00:02:24,719 --> 00:02:29,120 But my solution was we would go travel on Thanksgiving 29 00:02:29,240 --> 00:02:35,319 morning because nobody's traveling, the roads are pretty quiet, and 30 00:02:35,840 --> 00:02:38,919 everybody has gone to Grandma's house, and so you go 31 00:02:38,960 --> 00:02:42,879 to the airport. It's really nice. You get on the 32 00:02:42,919 --> 00:02:46,439 plane and it's that you know, it depends upon you 33 00:02:46,439 --> 00:02:48,199 can't go too far. But I mean we would fly, 34 00:02:49,080 --> 00:02:52,319 take maybe a two hour flight to where we were going, 35 00:02:53,199 --> 00:02:57,520 and get there by early afternoon, and by that time 36 00:02:57,560 --> 00:03:00,400 everybody's just getting ready to sit down and have turkey. 37 00:03:01,000 --> 00:03:03,680 So it was it was my solution to getting around 38 00:03:03,719 --> 00:03:04,280 the crowds. 39 00:03:05,120 --> 00:03:05,879 Speaker 2: But the travel. 40 00:03:06,599 --> 00:03:10,520 Speaker 1: As far as people on the road, there is no 41 00:03:10,759 --> 00:03:18,360 question that the gas prices are helping because the average 42 00:03:18,520 --> 00:03:23,599 this is triple a average gasoline per gallon for the 43 00:03:23,680 --> 00:03:29,240 cheap stuff three dollars and five cents. It was exactly 44 00:03:29,520 --> 00:03:32,120 three dollars and five cents one year ago as well. 45 00:03:32,520 --> 00:03:35,159 So it's gone up a little bit, it's come back 46 00:03:35,199 --> 00:03:38,560 down as we're back down to three zero five. And 47 00:03:41,840 --> 00:03:44,400 I mean that's giving a lot of people reason to 48 00:03:44,439 --> 00:03:47,680 gas up. It doesn't cost as much. I will tell 49 00:03:47,719 --> 00:03:50,199 you this. Everybody's talking about a year ago. So I thought, well, 50 00:03:50,280 --> 00:03:54,800 let me go back to January twentieth of twenty twenty one, 51 00:03:54,840 --> 00:03:59,080 the day Joe Biden was inaugurated, and the price of 52 00:03:59,159 --> 00:04:03,400 gas was two dollars and thirty eight cents when Donald 53 00:04:03,439 --> 00:04:08,080 Trump handed over the baton to Joe Biden, to thirty eight. 54 00:04:09,520 --> 00:04:13,560 Speaker 2: So this is this is good. 55 00:04:13,759 --> 00:04:19,040 Speaker 1: We had you want to go back aways, Well it 56 00:04:19,120 --> 00:04:24,800 was it was covid uh two dollars eleven cents in 57 00:04:25,279 --> 00:04:30,800 Thanksgiving twenty twenty. It was two fifty five a gallon 58 00:04:30,839 --> 00:04:35,079 in twenty eighteen. It was two sixty a gallon twenty nineteen. 59 00:04:35,120 --> 00:04:38,920 So during Trump one point, oh, it was primarily a 60 00:04:39,000 --> 00:04:43,959 two dollars price something along those lines. But I will 61 00:04:43,959 --> 00:04:45,480 tell you this. I one of the things that we 62 00:04:45,560 --> 00:04:49,279 know about Donald Trump is he always everything's the greatest, 63 00:04:49,319 --> 00:04:52,680 Everything's the best, Everything's the biggest. He likes to make 64 00:04:52,720 --> 00:04:56,800 things sound better than they are. So I don't know 65 00:04:56,839 --> 00:05:02,639 who did this survey said, did Donald Trump make things 66 00:05:02,680 --> 00:05:07,160 sound toy say, better than they really are, about the 67 00:05:07,199 --> 00:05:10,199 same as they really are, or worse than they really are? 68 00:05:10,560 --> 00:05:13,199 Sixty percent that he makes things sound better than they 69 00:05:13,199 --> 00:05:17,199 really are, twenty seven percent said about what it really is, 70 00:05:17,639 --> 00:05:20,319 and thirteen percent that he makes things sound worse than 71 00:05:20,319 --> 00:05:24,920 they really are. So anyway, today it's a big travel 72 00:05:25,000 --> 00:05:27,839 day on the road, supposed to be the peak when 73 00:05:27,879 --> 00:05:30,120 most people are going to be on the road today. 74 00:05:32,399 --> 00:05:35,480 I guess you want to get there early. In my 75 00:05:35,600 --> 00:05:38,720 old hometown of Seattle, there's been a huge problem. They 76 00:05:38,839 --> 00:05:43,439 just solved it today. For the last two weeks they 77 00:05:43,439 --> 00:05:48,959 have had there's two pipelines that bring jet fuel to 78 00:05:49,079 --> 00:05:54,800 the Seattle Airport and they're leaking, and they just discovered 79 00:05:54,839 --> 00:05:57,800 it about two weeks ago, and they've been scrambling for 80 00:05:57,839 --> 00:06:01,360 the last two weeks to figure out where is the leak. 81 00:06:02,360 --> 00:06:04,319 So they had to shut everything off so they didn't 82 00:06:04,319 --> 00:06:08,000 destroy whatever the land was wherever the leak was, and 83 00:06:08,000 --> 00:06:14,040 they've been trucking jet fuel about a couple hundred miles 84 00:06:15,560 --> 00:06:21,319 to the Seattle Airport. Ninety oil trucks notty gas trucks 85 00:06:21,399 --> 00:06:25,560 a day, and they just discovered today where the leak is, 86 00:06:26,240 --> 00:06:28,800 so they're getting it patched up and getting your fuel back. 87 00:06:29,120 --> 00:06:32,439 But flights going to Seattle have been asked to carry 88 00:06:32,560 --> 00:06:35,959 extra fuel so that they when they get to Seattle, 89 00:06:36,000 --> 00:06:39,759 they don't have to fuel up. So that's what's going 90 00:06:39,800 --> 00:06:46,279 on out there. I told you Butterball has numbers, and 91 00:06:46,839 --> 00:06:51,720 they were asked at Butterball about they were asking their customers, 92 00:06:51,800 --> 00:06:55,079 what are you going to do to control the cost 93 00:06:56,160 --> 00:07:02,399 of Thanksgiving dinner? And number one answer by far was nothing. 94 00:07:03,279 --> 00:07:05,800 Fifty eight percent said they're not going to change the thing. 95 00:07:05,800 --> 00:07:08,480 They're going to do what they've done in the past tradition, 96 00:07:08,639 --> 00:07:13,639 you know, So twenty eight percent, I'm sorry. Fifty eight 97 00:07:13,639 --> 00:07:19,319 percent said no change, twenty one percent said they're going 98 00:07:19,360 --> 00:07:26,279 to ask a guest to bring some dish, fifteen percent 99 00:07:27,240 --> 00:07:30,199 said they're going to change some of the side dishes. 100 00:07:31,759 --> 00:07:35,000 Fourteen percent said it's not about if we're not going 101 00:07:35,000 --> 00:07:36,800 to change anything about the vood but they're not going 102 00:07:36,839 --> 00:07:42,079 to decorate with decor, paper goods, things like that, and 103 00:07:42,160 --> 00:07:45,600 twelve percent, which I think is wrong, said they're going 104 00:07:45,639 --> 00:07:46,680 to change dessert. 105 00:07:48,839 --> 00:07:48,920 Speaker 3: Now. 106 00:07:49,000 --> 00:07:51,639 Speaker 1: I don't know what your favorite dessert is, but whatever 107 00:07:51,680 --> 00:07:54,439 it is, usually at Thanksgiving, it's usually a really good one. 108 00:07:55,120 --> 00:07:58,199 So that's what's going on with butterball people. Most of everybody, 109 00:07:58,439 --> 00:08:01,360 fifty eight percent are saying, I'm not changing a thing. 110 00:08:02,360 --> 00:08:06,079 People like to keep their traditions the way they are. 111 00:08:06,800 --> 00:08:10,800 So we've got that today. We've got a lot on 112 00:08:10,839 --> 00:08:13,800 the economy. I want to get to. There's a fight 113 00:08:14,240 --> 00:08:22,040 going on about AI that is well, I don't want 114 00:08:22,079 --> 00:08:24,759 to get into the weeds about which companies. They're pouring 115 00:08:25,879 --> 00:08:28,839 huge amounts of money into AI. They're all trying to 116 00:08:28,879 --> 00:08:32,120 be the leader in it, and we're finding out who 117 00:08:32,159 --> 00:08:35,240 we thought was the leader, which was Meta, because they've 118 00:08:35,240 --> 00:08:37,559 been pouring more money than anybody else. All of a sudden, 119 00:08:37,600 --> 00:08:42,000 we're finding out it looks like Alphabet, the parent of Google, 120 00:08:42,799 --> 00:08:45,080 is in the lead right now. Anyway, it's going to 121 00:08:45,159 --> 00:08:48,639 change so volatile. But one of the fights that I'm 122 00:08:48,679 --> 00:08:55,720 talking about is a fight that states are wanting to 123 00:08:55,919 --> 00:09:03,000 regulate artificial intelligence. And so far there are four states 124 00:09:03,679 --> 00:09:09,200 just that's it, only four that have passed legislation to 125 00:09:09,320 --> 00:09:19,720 regulate artificial intelligence California, Utah, Colorado, and Texas, and I'm 126 00:09:19,759 --> 00:09:25,519 surprised about Texas. California, I'm not surprised about But the 127 00:09:25,559 --> 00:09:31,600 whole idea is the less regulation, the better if you 128 00:09:31,679 --> 00:09:37,639 want AI to really take off, and that because China 129 00:09:37,759 --> 00:09:40,080 is over there, Trumpet, it's a bit. If you want 130 00:09:40,120 --> 00:09:42,960 the United States to be the leader of artificial intelligence, 131 00:09:43,759 --> 00:09:45,799 out get out of the way government. 132 00:09:46,639 --> 00:09:47,840 Speaker 4: That means you too. 133 00:09:48,000 --> 00:09:53,399 Speaker 1: States. Washington is broken in many many ways, and they'll 134 00:09:53,399 --> 00:09:57,200 probably try to do something. But if you go back 135 00:09:58,240 --> 00:10:04,000 to the eighties in the nineties about regulating the Internet, 136 00:10:05,240 --> 00:10:08,240 you're going to have a hard time finding those regulations 137 00:10:09,080 --> 00:10:13,440 because they basically did not and as a result, the 138 00:10:13,519 --> 00:10:17,720 Internet flourished. Are there problems with it? Sure, the Internet's 139 00:10:17,759 --> 00:10:22,799 not perfect, but I'm sorry, but the more you get 140 00:10:22,840 --> 00:10:25,879 government into the middle of it, that's why Europe doesn't 141 00:10:25,919 --> 00:10:30,039 have really any leadership in the world of technology, because 142 00:10:30,080 --> 00:10:34,600 they regulate the bajbis out of it. So a guy 143 00:10:34,679 --> 00:10:38,480 named Joe Lonsdale, he has founded a bunch of different things, 144 00:10:38,480 --> 00:10:45,360 including Pallenteer, and he is very concerned about states coming 145 00:10:45,440 --> 00:10:50,759 up with a patchwork of regulations for artificial intelligence. 146 00:10:50,879 --> 00:10:52,399 Speaker 2: You know, this has been an issue we're working on 147 00:10:52,519 --> 00:10:52,919 all year. 148 00:10:53,120 --> 00:10:56,600 Speaker 5: Obviously close friends with David Sachsen and Cratzios wearing this 149 00:10:56,679 --> 00:10:59,200 in the administration. And listen, we are on the verge 150 00:10:59,200 --> 00:11:01,120 of something amazing for our civilization. 151 00:11:01,240 --> 00:11:01,399 Speaker 6: Right. 152 00:11:01,440 --> 00:11:04,120 Speaker 5: We have tens of thousands of builders in our country. 153 00:11:04,200 --> 00:11:06,000 They're going to bring down the cost of health care. 154 00:11:06,120 --> 00:11:08,639 They're going to make construction finally, how productivity go up, 155 00:11:08,639 --> 00:11:11,559 make houses cheaper. Permit should only take you know, hours 156 00:11:11,559 --> 00:11:14,159 instead of months, just like education is going to be 157 00:11:14,159 --> 00:11:16,120 better for all of our kids, and personalized These are 158 00:11:16,159 --> 00:11:19,039 all things they're going to fix our civilization. And yet 159 00:11:19,159 --> 00:11:21,480 on both the far left and the far right, you 160 00:11:21,519 --> 00:11:24,600 have a lot of populists who, for really nefarious reasons 161 00:11:24,639 --> 00:11:27,120 are opposing this. There are reasonable people, by the way, 162 00:11:27,279 --> 00:11:29,600 who have some concerns, and there's ways to compromise and 163 00:11:29,639 --> 00:11:31,320 push you ahead for our civilization. But you have a 164 00:11:31,320 --> 00:11:33,759 lot of crazy populist You have a patchwork of just 165 00:11:33,799 --> 00:11:35,799 really intense stuff they're doing that would break all of this, 166 00:11:36,080 --> 00:11:37,120 and we can't let that happen. 167 00:11:37,440 --> 00:11:42,720 Speaker 1: So Joe isn't an anti state or pro federal government. 168 00:11:43,159 --> 00:11:46,000 He talks about the fact that he's a federalist. He's 169 00:11:46,039 --> 00:11:49,120 for states rights, but not when you have something like this. 170 00:11:49,240 --> 00:11:52,960 You can't have a patchwork of fifty different regulations for 171 00:11:53,159 --> 00:11:55,240 AI companies to try to meet. 172 00:11:55,960 --> 00:11:58,639 Speaker 5: You know, No, I'm a federalist on most issues. I 173 00:11:58,639 --> 00:12:00,480 have teams in twenty three states with this. Thrones of 174 00:12:00,519 --> 00:12:03,679 too are watching this, and I think it's reasonable for 175 00:12:03,759 --> 00:12:06,240 states to do a lot of things as laboratories of democracy. 176 00:12:06,279 --> 00:12:09,200 So in general, I'm actually on the state's right side overall. 177 00:12:09,480 --> 00:12:14,039 What's unreasonable is that you had Biden NGOs By pushed 178 00:12:14,039 --> 00:12:16,759 by the last administration. You have European like rules, and 179 00:12:16,799 --> 00:12:19,320 you have Populace trying to put in crazy new regulatory 180 00:12:19,320 --> 00:12:22,600 authorities that demonize the builders, that demonize the tech. And 181 00:12:22,639 --> 00:12:25,559 if you force us to hop through regulatory agencies in 182 00:12:25,600 --> 00:12:28,320 every state, China is going to win and the builders 183 00:12:28,360 --> 00:12:30,679 are going to lose. And so the interstate Commerce Clause 184 00:12:30,720 --> 00:12:32,879 exists in the Constitution for a reason. This is one 185 00:12:32,919 --> 00:12:35,480 of those examples we've learned from the California Mission standards 186 00:12:35,480 --> 00:12:37,840 that broke the whole nation, and we're seeing a lot 187 00:12:37,919 --> 00:12:41,200 crazier things being proposed now. So I think it's reasonable 188 00:12:41,600 --> 00:12:43,639 for states to have some power in a lot of 189 00:12:43,639 --> 00:12:45,879 different cases. That's what I want overall, but I don't 190 00:12:45,879 --> 00:12:48,360 want to break the whole AI wave by the populists. 191 00:12:50,639 --> 00:12:53,840 Speaker 1: So this fight is just getting underway, and there's so 192 00:12:54,000 --> 00:12:56,720 much money involved that the states are all a bunch 193 00:12:56,759 --> 00:13:00,000 of greedy people. They're looking at the billions of these 194 00:13:00,039 --> 00:13:02,679 tech companies are spending and they want to get their 195 00:13:02,840 --> 00:13:05,240 grubby hands on it. They want to tax it, they 196 00:13:05,279 --> 00:13:10,480 want to regulate it. And Londale is a very smart guy, 197 00:13:10,759 --> 00:13:13,159 very successful tech executive. 198 00:13:14,320 --> 00:13:16,080 Speaker 5: You know, I think there's always an argument in our 199 00:13:16,080 --> 00:13:19,399 country between safety and liberty, and I think people, especially 200 00:13:19,440 --> 00:13:21,200 if they're not in the details, are right to be 201 00:13:21,279 --> 00:13:23,480 concerned and want to be safe. But if you're going 202 00:13:23,519 --> 00:13:27,080 to use safety to have arbitrary finds and arbitrary penalties, 203 00:13:27,120 --> 00:13:30,559 where every state, including the radical blue states like New York, 204 00:13:30,600 --> 00:13:32,399 are going to be able to break our BUILDERS waves, 205 00:13:32,440 --> 00:13:34,720 that's not okay. Listen, you have states trying to ban 206 00:13:34,799 --> 00:13:37,360 the use of AI in healthcare right now in ways 207 00:13:37,360 --> 00:13:39,240 that are going to prevent us from making healthcare cheap, 208 00:13:39,279 --> 00:13:42,000 or you have New York State already banning it in education. 209 00:13:42,120 --> 00:13:44,360 Speaker 2: This is insane. Public schools in New York are not 210 00:13:44,399 --> 00:13:47,279 allowing AI. You're not even in any kind of school 211 00:13:47,279 --> 00:13:47,559 in New York. 212 00:13:47,600 --> 00:13:48,960 Speaker 5: You have to call yourself a homeschool to use the 213 00:13:48,960 --> 00:13:50,679 I right now in New York, which means we can't 214 00:13:50,679 --> 00:13:52,799 personalize it and lift up the lives of the kids 215 00:13:52,840 --> 00:13:54,919 who are not doing well in inner cities. This is 216 00:13:55,039 --> 00:13:58,559 crazy stuff, and that the safety ism is what Europe does. 217 00:13:58,600 --> 00:14:01,039 If you want to be a course ofation where you're 218 00:14:01,080 --> 00:14:03,399 poorer than our poorest state, like Europe, we should, then 219 00:14:03,440 --> 00:14:05,919 you should move to Europe. But American needs to stay free. 220 00:14:06,200 --> 00:14:08,320 Speaker 1: I'm with him all the way. We'll see how this 221 00:14:08,399 --> 00:14:11,039 fight turns out. But there's going to be, like I said, 222 00:14:11,080 --> 00:14:14,039 a lot of government goops that the fact that they 223 00:14:14,080 --> 00:14:18,200 are not allowing kids in New York state schools to 224 00:14:18,320 --> 00:14:23,759 be introduced to AI. These are not smart people that 225 00:14:23,840 --> 00:14:27,600 are coming up with these kinds of policy ideas in 226 00:14:28,120 --> 00:14:30,279 other matters. We told you yesterday. We got the word 227 00:14:30,399 --> 00:14:33,519 just before we finished recording yesterday about the fact that 228 00:14:33,559 --> 00:14:39,639 the judge threw out the James Comey and Letitia James cases. 229 00:14:40,279 --> 00:14:43,840 And that's not exactly what I explained that yesterday. That's 230 00:14:43,879 --> 00:14:48,000 not what the judge did the judge threw out Lindsay 231 00:14:48,080 --> 00:14:52,840 Halligan because she wasn't properly appointed as the US Attorney 232 00:14:52,840 --> 00:14:56,200 for the Eastern Diffect District of Virginia. He didn't throw 233 00:14:56,240 --> 00:15:01,240 the cases out. So now the question is what will 234 00:15:01,279 --> 00:15:05,399 happen next. Is there another one hundred and day one 235 00:15:05,480 --> 00:15:09,200 hundred and twenty day rule that starts, because that's what 236 00:15:09,600 --> 00:15:14,080 happens when a new administration comes in. The US attorneys 237 00:15:14,120 --> 00:15:17,919 around the country are the president has one hundred and 238 00:15:17,919 --> 00:15:21,759 twenty days to put a new US attorney in and 239 00:15:21,960 --> 00:15:26,279 if the president doesn't, then the judges in that district, 240 00:15:26,279 --> 00:15:30,080 the federal judges can appoint somebody. And there's a lot 241 00:15:30,120 --> 00:15:35,080 of constitutional questions about that going judges appointing a judge 242 00:15:35,519 --> 00:15:39,759 and judges appointing somebody. That's an executive not a judicial job. 243 00:15:40,679 --> 00:15:43,799 The job of appointing a judge is not for the 244 00:15:43,919 --> 00:15:47,639 judicial branch. It's for the executive branch. So there's still 245 00:15:47,879 --> 00:15:53,279 tons of legal issues to feel about this. But I've 246 00:15:53,320 --> 00:15:58,240 heard already some people on the table television say, Wow, 247 00:15:58,279 --> 00:16:02,679 that's it, that's it. Case is over, it's over. And 248 00:16:02,799 --> 00:16:06,240 Joey Jackson, who's a good defense attorney, in New York City. 249 00:16:06,759 --> 00:16:07,960 It's not so fist. 250 00:16:07,879 --> 00:16:10,519 Speaker 4: Means is that they are not out of the woods yet. 251 00:16:10,600 --> 00:16:13,279 Had it been dismissed with prejudice, it means that it 252 00:16:13,360 --> 00:16:16,240 cannot come back to the extent that it's without prejudice. 253 00:16:16,320 --> 00:16:19,919 The US Attorney's Office can seek to refile, and yes, 254 00:16:19,960 --> 00:16:22,360 indeed they can. There are two options. I think the 255 00:16:22,440 --> 00:16:25,519 one is to refile the indictment. The issue is is 256 00:16:25,600 --> 00:16:28,120 the law says that if an indictment is dismissed on 257 00:16:28,519 --> 00:16:31,399 a variety of grounds, you have six months to file 258 00:16:31,440 --> 00:16:34,799 an indictment anew with regard to the five year statute 259 00:16:34,799 --> 00:16:37,440 of limitations, we do know that as it relates to Kmy, 260 00:16:37,759 --> 00:16:41,000 they indicted five days prior. Now Comy's people say, hey, 261 00:16:41,000 --> 00:16:44,279 that clock keeps ticking. There was no validly appointed US attorney. 262 00:16:44,519 --> 00:16:46,919 The government's position will be no, not at all, that 263 00:16:46,960 --> 00:16:48,919 it would have frozen at that time, and we have 264 00:16:49,039 --> 00:16:51,799 six months to go. The second option, as we noted, 265 00:16:51,840 --> 00:16:54,159 and as they seem to notice, to take the appeal 266 00:16:54,200 --> 00:16:57,120 to the Fourth Circuit, which is based in Virginia, that 267 00:16:57,279 --> 00:17:00,080 is the appellate court that could look to see if 268 00:17:00,080 --> 00:17:02,320 the district court got it wrong. Now the way I 269 00:17:02,399 --> 00:17:05,519 view it, there's a number of issues. Remember that we've 270 00:17:05,519 --> 00:17:08,720 seen in New Jersey an opinion that was consistent with 271 00:17:08,799 --> 00:17:11,400 this opinion, and that is that you have one hundred 272 00:17:11,400 --> 00:17:14,160 and twenty days to get Senate confirmation. You've got one 273 00:17:14,200 --> 00:17:16,640 shot at the apple. And if you don't, then guess 274 00:17:16,720 --> 00:17:19,759 what the district in that specific location gets to appoint 275 00:17:19,799 --> 00:17:22,400 the US attorney? You executive, do not. We saw it 276 00:17:22,440 --> 00:17:25,960 happen in Nevada, same ruling in Valley appoint the US attorney. 277 00:17:26,400 --> 00:17:28,640 We saw it happen in California. Why am I saying 278 00:17:28,720 --> 00:17:32,400 this because this precedent I know how oftentimes the politics 279 00:17:32,519 --> 00:17:36,000 our otis was a lunatic judge who made a lunatic decision. Nonsense, 280 00:17:36,039 --> 00:17:38,759 this precedent for it. Last piece of this this when 281 00:17:38,799 --> 00:17:42,039 Samuel Alito was at the Department of Justice, he wrote 282 00:17:42,079 --> 00:17:45,680 a legal opinion indicating that exactly what this judge ruled 283 00:17:45,720 --> 00:17:47,759 as it relates to the dismissal of the indictment on 284 00:17:47,839 --> 00:17:50,799 calling and dismissed on Letitia James's to the one hundred 285 00:17:50,799 --> 00:17:55,200 and twenty days to get Senate confirmation, That's what it is. 286 00:17:55,240 --> 00:17:55,400 Speaker 7: Now. 287 00:17:55,400 --> 00:17:58,640 Speaker 4: This Justice Department takes a contrary view, but interesting if 288 00:17:58,640 --> 00:18:00,640 it goes up to the Supreme Court, will he change 289 00:18:00,640 --> 00:18:03,079 his opinion on that or will he be consistent with 290 00:18:03,119 --> 00:18:05,160 what he said almost forty years ago. 291 00:18:05,920 --> 00:18:06,680 Speaker 2: So that's a lot. 292 00:18:06,720 --> 00:18:11,680 Speaker 1: But bottom line is this isn't over and it's going 293 00:18:11,759 --> 00:18:14,119 to be kicked around in the courts for quite some time, 294 00:18:14,319 --> 00:18:18,400 and we're still waiting to hear officially. The Press Secretary 295 00:18:18,920 --> 00:18:22,039 said that they're going to appeal this decision, but it 296 00:18:22,119 --> 00:18:26,160 may it's gonna be kicked around to the courts for 297 00:18:26,319 --> 00:18:31,720 quite quite quite some time. In the meantime, Komi looks 298 00:18:31,759 --> 00:18:36,000 like he's in better shape because of the statute of 299 00:18:36,039 --> 00:18:39,839 limitations did expire five days after they indicted him, and 300 00:18:39,880 --> 00:18:43,799 if the indictment wasn't legit, then his attorneys saved the cock. 301 00:18:44,079 --> 00:18:47,680 The clock was still ticking, but we're going to have 302 00:18:47,759 --> 00:18:51,400 to again. We'll see, but he probably has a better 303 00:18:51,480 --> 00:18:57,200 chance of escaping any sort of liability. Letitia James has 304 00:18:57,240 --> 00:19:01,759 another problem. This came out today. I'm waiting to verify, 305 00:19:01,880 --> 00:19:05,559 but this is what's being reported is that Letitia James 306 00:19:05,599 --> 00:19:10,200 she had this extra house in Virginia and she said 307 00:19:10,279 --> 00:19:12,759 it was on the mortgage paper. She said it was 308 00:19:13,119 --> 00:19:17,440 a second home like a vacation home. All right, some 309 00:19:17,480 --> 00:19:20,640 people can afford to do that. But the problem with 310 00:19:20,680 --> 00:19:23,759 it is on her tax records, apparently she claimed it 311 00:19:24,119 --> 00:19:29,119 as investment property. And there's a huge difference. You can 312 00:19:29,200 --> 00:19:33,920 you cannot write off everything from a to Z on 313 00:19:34,319 --> 00:19:38,680 a vacation home or a second home, but you can 314 00:19:38,839 --> 00:19:41,359 on an investment home. An investment home, you can write 315 00:19:41,400 --> 00:19:44,720 off all kinds of things you can write I mean, 316 00:19:44,720 --> 00:19:49,000 it's much much more liberal in the Internal Revenue Code. 317 00:19:49,359 --> 00:19:54,440 So apparently she texted to her accountant this past year 318 00:19:55,240 --> 00:19:59,240 that she needed to not take all the deductions that 319 00:19:59,279 --> 00:20:02,640 she's been taking in the past, and that she wanted 320 00:20:02,680 --> 00:20:07,079 to follow the Internal Revenue Code to the letter of 321 00:20:07,160 --> 00:20:10,559 the law. Well, okay, what about all the other years 322 00:20:10,599 --> 00:20:14,319 in which it was apparently treated as an investment property. 323 00:20:14,319 --> 00:20:17,640 But you told the mortgage lender it was a second home. 324 00:20:18,599 --> 00:20:21,759 So she's got some explaining to do. She's not out 325 00:20:21,759 --> 00:20:25,440 of the woods on that, and the statute of limitations 326 00:20:25,480 --> 00:20:30,039 hasn't run. So Letitia James still has problems. Even though 327 00:20:30,079 --> 00:20:33,200 she said she was clear, she's not. So let's get 328 00:20:33,200 --> 00:20:36,400 down to the big legal stink of the day. This 329 00:20:36,480 --> 00:20:40,279 is the one about the Democrats, the six Democrats that 330 00:20:40,400 --> 00:20:44,640 came out and said it was a weird thing. They 331 00:20:44,759 --> 00:20:50,039 did these little clips where they said, you're not required 332 00:20:50,079 --> 00:20:53,559 to follow an illegal order. They were addressing members of 333 00:20:53,599 --> 00:20:58,119 the military, you are not required to follow an illegal order, 334 00:20:58,480 --> 00:21:01,359 and the next person would say not required to follow 335 00:21:01,400 --> 00:21:03,640 an illegal order, and the next to the next to 336 00:21:03,720 --> 00:21:08,119 the next. One of them was Mark Kelly, the Senator 337 00:21:08,200 --> 00:21:15,640 from Arizona. Mark Kelly has a formidable background. He was 338 00:21:16,119 --> 00:21:22,279 a fighter pilot, he was an astronaut. He's now a senator. 339 00:21:23,279 --> 00:21:27,359 His wife not relevant, but Gabby Giffords who was shot, 340 00:21:28,480 --> 00:21:34,119 so apparently the Pentagon wants to go after him. And 341 00:21:34,240 --> 00:21:41,759 people are confused about this. But I remember my advisor, 342 00:21:42,359 --> 00:21:44,680 when I was a brand new young kid in the military, 343 00:21:45,519 --> 00:21:51,359 told me that there are two types of commissions. I 344 00:21:51,519 --> 00:21:54,279 was Army, so it was regular army or reserve army. 345 00:21:55,039 --> 00:21:57,720 And you can't tell the difference. They wear the same uniform. 346 00:21:57,759 --> 00:22:00,519 It just depends upon whether or not you are locked 347 00:22:00,559 --> 00:22:06,079 in for life, and as a regular commission, you're locked 348 00:22:06,119 --> 00:22:10,720 in for life. And I remember my advisor, Major Leu Concien. 349 00:22:11,359 --> 00:22:15,519 He said to me, he said, so this means that 350 00:22:15,799 --> 00:22:18,160 even when you're an old man, they could drag you 351 00:22:18,240 --> 00:22:21,839 back into the military, and a lot of people don't 352 00:22:22,240 --> 00:22:24,319 know that, and a lot of people are not aware 353 00:22:24,319 --> 00:22:27,640 of that. That's what's going on is they're trying to say, 354 00:22:28,119 --> 00:22:32,319 you were a regular commissioned officer of the Navy, and 355 00:22:32,400 --> 00:22:34,680 we're going to drag you back into active duty and 356 00:22:34,680 --> 00:22:36,720 then we're going to court martial you. At least that's 357 00:22:36,799 --> 00:22:44,079 the rumor. So Carley Stimpson is a former naval jag officer, 358 00:22:44,160 --> 00:22:48,759 judge advocate general the lawyers in the military, and he 359 00:22:48,839 --> 00:22:50,759 was asked about this. This is his reaction. 360 00:22:50,920 --> 00:22:54,799 Speaker 7: Well, they believe that it's possible that Captain Kelly, retired 361 00:22:54,839 --> 00:22:57,920 Captain Kelly, who is subject to the UCMJ under Article two, 362 00:22:58,640 --> 00:23:01,160 committed a crime and so there going to investigate that. 363 00:23:01,680 --> 00:23:05,440 And regardless of whether that's proves to be true or not, 364 00:23:06,039 --> 00:23:09,359 the fact is that this video undermined good order and discipline. 365 00:23:09,359 --> 00:23:11,880 They knew exactly what they were doing. They were essentially 366 00:23:12,000 --> 00:23:16,119 wink wink, nod nod telling members of the military that 367 00:23:16,200 --> 00:23:19,240 they should reflexively doubt the legality of the Commander in 368 00:23:19,319 --> 00:23:22,839 chief's orders. And that's where they crossed the line. Politically. 369 00:23:23,279 --> 00:23:26,039 Speaker 1: You hear what he said, they crossed the line politically 370 00:23:26,960 --> 00:23:32,599 and uh not legally, but politically. And it's what were 371 00:23:32,640 --> 00:23:36,759 they who comes up with these stupid ideas? Remember they 372 00:23:36,799 --> 00:23:39,079 had a bunch of Democrats that were doing some sort 373 00:23:39,119 --> 00:23:43,559 of dance and they thought that would be beneficial to 374 00:23:43,960 --> 00:23:47,759 what what was the point? They were basically, like you said, 375 00:23:47,799 --> 00:23:50,160 with a wink and a nod, saying, well, you know, 376 00:23:50,279 --> 00:23:53,400 the commander in chief does a bunch of stuff illegal. 377 00:23:53,480 --> 00:23:56,200 I mean, you better be on your egal eyes for 378 00:23:56,359 --> 00:23:59,759 watching for this commander in chief giving you illegal orders. 379 00:24:00,079 --> 00:24:05,160 That's what they were trying to imply. But what's further 380 00:24:05,240 --> 00:24:10,119 bizarre about this is every single soldier sailor from private 381 00:24:10,160 --> 00:24:14,880 to general knows and has been drilled into their young 382 00:24:15,000 --> 00:24:19,039 heads when they got in the military that you not 383 00:24:19,200 --> 00:24:24,720 only can, you must not obey an illegal order. The 384 00:24:24,839 --> 00:24:28,279 difficulty is, how do you know if it's an illegal 385 00:24:28,680 --> 00:24:34,720 order or not. You assume that the higher commands from 386 00:24:34,799 --> 00:24:37,119 your commander all the way up to the commander in 387 00:24:37,200 --> 00:24:41,960 chief are issuing legal orders. But there are some there 388 00:24:41,960 --> 00:24:47,839 are some blatant errors Meli Masker and Vietnam that came 389 00:24:47,920 --> 00:24:49,920 up about it. I was just following orders. No, it 390 00:24:50,000 --> 00:24:53,519 was an illegal order. That's what the German soldiers said 391 00:24:53,960 --> 00:24:59,000 after they've found the atrocities of killing the Jews in 392 00:24:59,119 --> 00:25:02,519 Germany and a lot of the lower ranking people that 393 00:25:02,680 --> 00:25:06,640 did that. So we were just following orders. So you 394 00:25:06,720 --> 00:25:13,640 are required to know that the orders you follow are legal. 395 00:25:14,880 --> 00:25:17,039 And I don't know if anybody who's ever run into 396 00:25:17,079 --> 00:25:20,559 other than the guys in Vietnam in that one case, 397 00:25:21,319 --> 00:25:25,319 would run into this whole thing. Jack Keene, General Jack Keen, 398 00:25:25,680 --> 00:25:29,279 he's livid about the fact that they're playing games, these 399 00:25:29,319 --> 00:25:31,920 politicians are playing games with the military irect But. 400 00:25:31,920 --> 00:25:36,039 Speaker 6: He's an irresponsible, reckless of political leaders. And I normally 401 00:25:36,039 --> 00:25:38,759 don't go after political leaders in our country, but they 402 00:25:38,799 --> 00:25:44,759 deserve it now. They're absolutely undermining the military chain of command. 403 00:25:45,079 --> 00:25:48,480 And what do they think our soldiers are. They're insulting 404 00:25:49,039 --> 00:25:52,160 the intelligence of our soldiers and their moral commitment to 405 00:25:52,200 --> 00:25:55,720 serve the nation by making these outrageous statements. 406 00:25:55,839 --> 00:25:59,119 Speaker 1: Couldn't agree more. But I also couldn't agree with the 407 00:25:59,119 --> 00:26:01,599 president called it sedition and that they should be put 408 00:26:01,640 --> 00:26:07,359 to death. I'm sorry, that's beyond but here's go back 409 00:26:07,400 --> 00:26:09,960 to college. Stimpson, the JAG officer. 410 00:26:09,640 --> 00:26:13,319 Speaker 7: Well, General's correct as usual, and the fact is that 411 00:26:13,359 --> 00:26:16,599 there's one commander in chief and only one And the 412 00:26:16,720 --> 00:26:20,400 proper way to litigate these policy disputes is either for 413 00:26:20,519 --> 00:26:23,400 one Congress to reclaim their war powers in Article one, 414 00:26:23,440 --> 00:26:25,680 Section eight and declare war or authorize the use of 415 00:26:25,720 --> 00:26:29,440 military force, therefore the president has the top authority under 416 00:26:29,480 --> 00:26:32,720 the Congress's passing of that type of law, or litigate 417 00:26:32,759 --> 00:26:35,799 these issues which are happening in states where people are 418 00:26:35,799 --> 00:26:40,119 calling up national guards. And so imagine the scenario where 419 00:26:41,279 --> 00:26:44,680 Republican members of Congress would have issued the same type 420 00:26:44,680 --> 00:26:47,839 of warning to members of the military when we sent 421 00:26:47,880 --> 00:26:51,519 twenty five thousand troops to Haiti under President Clinton, saying 422 00:26:51,519 --> 00:26:55,839 you should reflexively question that when Congress didn't authorize that authorization. 423 00:26:56,000 --> 00:26:59,039 And there's scores of other issues in times in our 424 00:26:59,119 --> 00:27:03,599 history when the Presidence sends troops into harm's way and 425 00:27:03,680 --> 00:27:06,119 Congress didn't authorize it. So this is the wrong way 426 00:27:06,160 --> 00:27:06,960 to go about this. 427 00:27:07,279 --> 00:27:11,079 Speaker 1: So the SoundBite that adds to the confusion about all 428 00:27:11,079 --> 00:27:15,559 of this is Alissa Slotkin. She was at one time 429 00:27:16,000 --> 00:27:19,799 worked for the CIA, She's a member of Congress, a Democrat. 430 00:27:19,920 --> 00:27:21,880 She was one of those that said make sure that 431 00:27:21,960 --> 00:27:25,240 you don't obey in the illegal order. And she was 432 00:27:25,440 --> 00:27:31,960 on ABC's Sunday Morning Show and this is her question 433 00:27:32,079 --> 00:27:32,599 and answer. 434 00:27:32,839 --> 00:27:37,400 Speaker 3: Do you believe President Trump has issued any illegal orders? 435 00:27:37,799 --> 00:27:40,720 To my knowledge, I am not aware of things that 436 00:27:40,759 --> 00:27:43,880 are illegal, but certainly there are some legal gymnastics that 437 00:27:43,920 --> 00:27:46,960 are going on with these Caribbean strikes and everything related 438 00:27:46,960 --> 00:27:47,960 to Venezuela. 439 00:27:48,039 --> 00:27:52,839 Speaker 1: So again, it was a stupid thing for the Democrats 440 00:27:52,839 --> 00:27:56,359 to put this tape out there. Didn't anybody stop and say, 441 00:27:56,359 --> 00:28:00,400 why are we doing this? And then when she was asked, 442 00:28:01,079 --> 00:28:03,319 have you ever heard of any illegal orders coming from 443 00:28:03,359 --> 00:28:09,559 President Trump? And she said no. So now the question is, 444 00:28:09,559 --> 00:28:13,680 is egg Seth and the Pentagon really going to recall 445 00:28:14,119 --> 00:28:16,680 Mark Kelly onto active duty. 446 00:28:16,880 --> 00:28:21,519 Speaker 7: You can recall somebody who's retired receiving retirement pay. I'm 447 00:28:21,559 --> 00:28:24,359 a retired Navy captain, he's a retired Navy captain and 448 00:28:24,440 --> 00:28:26,839 bring them back on active duty and charge them with 449 00:28:26,960 --> 00:28:30,279 a crime. And it doesn't have to just be a 450 00:28:30,319 --> 00:28:33,279 military crime. It can be any federal or state crime 451 00:28:33,359 --> 00:28:36,240 under the Federals symbol OF's Crime Act. But the problem 452 00:28:36,279 --> 00:28:38,759 is that when we've recalled people act to active duty 453 00:28:39,079 --> 00:28:42,000 to prosecute them. Almost in every instance, it's been for 454 00:28:42,039 --> 00:28:44,559 a crime they committed while they were on active duty, 455 00:28:45,039 --> 00:28:48,559 not in this situation where he's a senator giving a 456 00:28:48,720 --> 00:28:51,119 speech not covered by the Speech and Debate clause because 457 00:28:51,119 --> 00:28:53,599 it wasn't a core legislative function. And so I don't 458 00:28:53,599 --> 00:28:56,839 think any military jury is ever going to convict this 459 00:28:56,920 --> 00:28:59,279 guy ever. So I think the punishment here is the 460 00:28:59,319 --> 00:29:01,519 process ultimately not prosecute him. 461 00:29:01,519 --> 00:29:02,720 Speaker 8: We're bringing back on activeduty. 462 00:29:02,799 --> 00:29:05,839 Speaker 1: I don't think anybody's going to actually prosecute him, and 463 00:29:05,880 --> 00:29:09,240 if they do, they won't find him guilty. And this 464 00:29:09,839 --> 00:29:12,599 is just the wrong guy to go after. This guy 465 00:29:12,680 --> 00:29:17,119 is an American hero. He was he has spent his 466 00:29:17,359 --> 00:29:22,720 entire adult life serving our nation. He was in combat. 467 00:29:23,319 --> 00:29:27,759 Listen to what he gives a brief resume of his background. 468 00:29:28,039 --> 00:29:30,200 I've had a missile blow up next to my airplane. 469 00:29:30,240 --> 00:29:33,519 I've been shot down, nearly shot down multiple times. My wife, 470 00:29:33,599 --> 00:29:36,680 Gabby Gifford's meeting with their constituents shot in the hat, 471 00:29:37,119 --> 00:29:40,240 six people killed around her. We know what political violence 472 00:29:40,359 --> 00:29:42,440 is and we know what causes it too. You know, 473 00:29:42,519 --> 00:29:47,559 the statements that Donald Trump made is insightful, incites others. 474 00:29:47,599 --> 00:29:50,319 He's got millions of supporters. People listen to what he 475 00:29:50,400 --> 00:29:53,359 says more so than anybody else in the country, and 476 00:29:53,400 --> 00:29:55,680 he should be careful with his words. But I'm not 477 00:29:55,720 --> 00:29:59,759 going to be silenced here. He's not happy with President Trump, 478 00:29:59,799 --> 00:30:04,440 and any way, shape or form politically, he's pretty moderate 479 00:30:04,720 --> 00:30:09,720 the Democrat. But the idea that this guy had a 480 00:30:09,759 --> 00:30:13,599 career in the Navy, was a fighter pilot, was an astronaut. 481 00:30:14,720 --> 00:30:18,279 The Senator, I'm sorry that I don't think you're going 482 00:30:18,319 --> 00:30:23,279 to find a group that will convict him of a crime. 483 00:30:23,359 --> 00:30:25,599 I think they're wasting their time on this. It was 484 00:30:25,640 --> 00:30:29,599 a stupid thing for the Democrats to do. I'm surprised 485 00:30:29,599 --> 00:30:33,480 Mark Kelly fell for it, but he did well. Let's 486 00:30:33,480 --> 00:30:35,720 talk about go back to the economy. I told you 487 00:30:35,759 --> 00:30:39,920 about the Butterball survey about fifty eight percent of people 488 00:30:39,920 --> 00:30:42,000 are not going to change your thing with their traditions 489 00:30:42,000 --> 00:30:49,160 at their Thanksgiving table. Good for them. It is one 490 00:30:49,160 --> 00:30:53,759 of those times where we know there's always poverty, always 491 00:30:53,799 --> 00:30:56,640 has been, always will be. But you stop and think 492 00:30:56,640 --> 00:30:59,440 about the people that probably more so now than you 493 00:30:59,519 --> 00:31:02,559 do normal. But about the people who don't even have 494 00:31:02,759 --> 00:31:07,160 enough for a meal. Let alone, a butterball, turkey with 495 00:31:07,359 --> 00:31:11,920 sides and et cetera, a dessert. But we got the 496 00:31:12,039 --> 00:31:18,519 numbers out today and I think they portray an economy 497 00:31:18,519 --> 00:31:25,200 that is slowing. ADP came out with their jobs survey. 498 00:31:25,319 --> 00:31:28,759 It's not the government numbers, and this is for the 499 00:31:28,960 --> 00:31:33,000 four weeks ending November eighth, and they said that we 500 00:31:33,000 --> 00:31:38,599 were losing thirteen thousand, five hundred jobs per week for 501 00:31:38,759 --> 00:31:45,359 four weeks ending November eighth. Consumer confidence numbers came out 502 00:31:45,920 --> 00:31:51,200 today and it's clear this is the Consumer Confidence Index. 503 00:31:51,279 --> 00:31:54,640 Consumer Conference Board puts one on out. The other one 504 00:31:54,640 --> 00:31:57,000 of is the University of Michigan. This is Consumer Confidence 505 00:31:57,319 --> 00:32:01,480 Board and they said the numbers drop got consumer confidence dropped. 506 00:32:01,480 --> 00:32:04,319 It's an index number. It doesn't mean anything to most people, 507 00:32:04,799 --> 00:32:10,000 but it was a very sharp drop. It went from 508 00:32:10,200 --> 00:32:13,759 eighty eight I went down to eighty eight from they 509 00:32:13,799 --> 00:32:16,920 were expecting it to be ninety three. And it just 510 00:32:16,960 --> 00:32:19,079 shows again it's a big that's a huge drop in 511 00:32:19,119 --> 00:32:22,079 this in particular index that's on how do you think 512 00:32:22,160 --> 00:32:26,319 things are right now? And people have dropped their confidence 513 00:32:26,319 --> 00:32:31,920 in the economy. Consumers are clearly more pessimistic about business 514 00:32:31,920 --> 00:32:35,319 conditions now than they were six months ago. They asked 515 00:32:35,359 --> 00:32:37,200 a second question, they say, what do you think the 516 00:32:37,240 --> 00:32:40,680 economy's going to be like six months in the future, 517 00:32:41,640 --> 00:32:48,079 and they got an even bigger drop. So people are pessimistic. 518 00:32:48,200 --> 00:32:52,200 They're worried about the no higher, no fire job climate. 519 00:32:52,720 --> 00:32:55,759 They're worried about keeping their jobs. They say jobs are 520 00:32:55,759 --> 00:32:59,559 hard to get. So the conference board was a big 521 00:32:59,599 --> 00:33:07,119 negative when it came out on all of that. With officialdom. 522 00:33:07,319 --> 00:33:11,200 Scott Bennett, the Treasury Secretary, I know it's kind of 523 00:33:11,200 --> 00:33:13,640 his job, but I think he really does believe this. 524 00:33:14,240 --> 00:33:18,279 He is very bullish about the economy in twenty twenty six. Now, 525 00:33:18,279 --> 00:33:21,960 that's great, but for people that are worried about their economy, 526 00:33:22,400 --> 00:33:24,880 they're worried about putting food on the table this week, 527 00:33:25,359 --> 00:33:27,839 they're worried about putting gas in the car this week. 528 00:33:28,400 --> 00:33:32,240 So it's nice to see that there is maybe a 529 00:33:32,359 --> 00:33:36,359 rainbow down the road not that far away. But that's 530 00:33:36,440 --> 00:33:40,759 Scott Besson and he's been on that banging that drum 531 00:33:40,799 --> 00:33:46,000 now for quite some time. Steve Moore, the economist, he 532 00:33:46,119 --> 00:33:49,400 also is kind of on that same page. But he 533 00:33:49,440 --> 00:33:53,519 was asked the question about DOGE. Did you hear the 534 00:33:53,559 --> 00:33:57,880 DOGE has been shut down. Well, then that report came 535 00:33:57,920 --> 00:33:59,720 out and then the White I said no, no, no, no, 536 00:33:59,640 --> 00:34:02,880 they're still own business. But everybody's been checking though they're gone. 537 00:34:03,480 --> 00:34:08,199 They're gone. According to the report, they saved two hundred 538 00:34:08,239 --> 00:34:14,360 and fourteen billion dollars. Nothing to sneeze at, but that 539 00:34:14,559 --> 00:34:18,760 was that was it. Now everybody's back to spending the 540 00:34:18,800 --> 00:34:23,280 way they were before. Steve Moore was asked specifically about those. 541 00:34:23,880 --> 00:34:26,079 Speaker 2: We's happened was the empire fought back. 542 00:34:26,159 --> 00:34:28,960 Speaker 9: And when you try to downsize government, you know, the 543 00:34:29,000 --> 00:34:32,440 government bureaucracy tries to do everything they can to prevent it. 544 00:34:33,000 --> 00:34:37,239 I think that Elon Musk deserves a Metal of Freedom 545 00:34:37,519 --> 00:34:41,480 and maybe even Nobel Prize in Economics for what he 546 00:34:41,519 --> 00:34:42,960 has done for our country. 547 00:34:43,679 --> 00:34:44,480 Speaker 2: But it is true. 548 00:34:44,519 --> 00:34:47,199 Speaker 9: You know, they wanted one trillion in savings and they 549 00:34:47,280 --> 00:34:49,400 ended up with what about two hundred and fifty billion. 550 00:34:49,760 --> 00:34:52,039 That's still a lot of money, Stewart, I mean, my goodness, 551 00:34:52,079 --> 00:34:56,280 that's larger than this the entire budget of almost every state, 552 00:34:56,719 --> 00:34:58,239 So giant savings. 553 00:34:58,360 --> 00:35:00,320 Speaker 2: I do not want those to go way. 554 00:35:00,480 --> 00:35:03,840 Speaker 9: I think President Trump should instill this in our government, 555 00:35:04,039 --> 00:35:06,360 so we have at least one agency that's trying to 556 00:35:06,440 --> 00:35:10,760 cut costs rather than raise them. Was basically pointing out 557 00:35:10,800 --> 00:35:14,280 how much waste there is in government, and they identified 558 00:35:14,360 --> 00:35:17,760 trillions of dollars of waste. It's just that the agencies 559 00:35:18,119 --> 00:35:21,320 will not cut their budget by and not just the agencies. 560 00:35:21,559 --> 00:35:25,559 You need congressional help, you know, you need legislation to 561 00:35:25,679 --> 00:35:27,760 downsize the budgets of these agencies. 562 00:35:27,760 --> 00:35:28,719 Speaker 2: We just had a big fight. 563 00:35:28,800 --> 00:35:32,079 Speaker 9: The Democrats shut down the whole government in order to 564 00:35:33,000 --> 00:35:35,719 prevent any cuts from happening. So this is a very 565 00:35:35,760 --> 00:35:38,920 difficult thing to accomplish. I think, you know, he came 566 00:35:39,000 --> 00:35:41,840 and tried to take on the bureaucracy. He had some success, 567 00:35:42,039 --> 00:35:44,159 but it's not like a private business where you can 568 00:35:44,239 --> 00:35:45,599 just go in and slash costs. 569 00:35:45,719 --> 00:35:47,159 Speaker 2: That's not the way government works. 570 00:35:47,159 --> 00:35:49,719 Speaker 9: And that's why we're running a thirty eight trillion dollar 571 00:35:49,800 --> 00:35:50,719 national bet. 572 00:35:51,079 --> 00:35:53,239 Speaker 2: I am super bullish on the US economy. 573 00:35:53,280 --> 00:35:56,199 Speaker 9: The TEX cut really starts to kick in next year, 574 00:35:56,280 --> 00:35:59,320 the big beautiful bill. We're seeing hundreds and hundreds of 575 00:35:59,320 --> 00:36:01,760 billions of dollars of investment capital flowing in. 576 00:36:02,000 --> 00:36:03,199 Speaker 2: Trump says it's trillions. 577 00:36:03,199 --> 00:36:06,039 Speaker 9: I think it's probably closer to, you know, hundreds and 578 00:36:06,079 --> 00:36:08,360 hundreds of billions. That's a lot of money to invest here. 579 00:36:08,519 --> 00:36:11,079 We're seeing an investment boom. Look, I'm with you and 580 00:36:11,119 --> 00:36:13,400 my buddy Larry Kudlow. You know, I think this is 581 00:36:13,440 --> 00:36:15,840 going to be a great economy next year. Everything the 582 00:36:15,840 --> 00:36:18,599 table is well set. Whether I think four and a 583 00:36:18,639 --> 00:36:22,480 half percent growth is a big, big number, so I'm 584 00:36:22,480 --> 00:36:24,280 not going to go that high, but I'll tell you 585 00:36:24,320 --> 00:36:26,480 I think we're going to be between three and four 586 00:36:26,519 --> 00:36:29,400 percent growth, And sy is that important. Once you get 587 00:36:29,440 --> 00:36:32,079 above like three to three point two percent growth, you 588 00:36:32,239 --> 00:36:35,519 do start bending that curve of debt down because the 589 00:36:35,559 --> 00:36:39,280 economy grows faster than the debt and that's essential to 590 00:36:39,679 --> 00:36:41,639 solving this fiscal crisis in Washington. 591 00:36:41,719 --> 00:36:43,920 Speaker 2: So count me as I'm gonna say three and a 592 00:36:43,960 --> 00:36:44,400 half percent. 593 00:36:44,599 --> 00:36:46,559 Speaker 1: Okay, if we get three and a half percent growth, 594 00:36:46,559 --> 00:36:50,920 then yeah, that will be a positive, positive year. So 595 00:36:51,480 --> 00:36:56,639 Scott Besson was also talking about the the FED and 596 00:36:56,719 --> 00:37:01,079 there he's been doing the interview to get down to 597 00:37:01,119 --> 00:37:03,400 a handful of people that are going to be presented 598 00:37:03,440 --> 00:37:08,440 to the president. We had word yesterday that the President 599 00:37:08,519 --> 00:37:10,360 was going to make a choice on who was going 600 00:37:10,360 --> 00:37:13,800 to replace Jay Powell's the head of the Federal Reserve Board. 601 00:37:14,119 --> 00:37:19,639 He'll make that announcement prior to Christmas. But then Wall 602 00:37:19,679 --> 00:37:25,519 Street this afternoon there was a rumor that Kevin Hassett, 603 00:37:25,880 --> 00:37:28,599 the head of the National Council of Economic Advisor to 604 00:37:28,639 --> 00:37:32,920 the President, that he has been selected, and the market 605 00:37:33,039 --> 00:37:38,679 rallied on that news alone, because Kevin Hassett is a 606 00:37:39,039 --> 00:37:45,480 very smart economist, and he also realizes that Jay Powell 607 00:37:45,480 --> 00:37:49,960 and the current FED have been very slow to respond 608 00:37:51,039 --> 00:37:56,360 and that we really could use a reduction in interest rates. 609 00:37:56,480 --> 00:37:59,880 Here's what Bestine said earlier today. 610 00:38:00,239 --> 00:38:02,679 Speaker 8: And I think it's time for the FED just to 611 00:38:02,679 --> 00:38:06,480 move back into the background like it used to do, 612 00:38:07,280 --> 00:38:11,159 calm things down and work for the American people, set 613 00:38:11,239 --> 00:38:16,599 monetary policy on a good course. That this isn't this 614 00:38:16,679 --> 00:38:20,400 isn't sport. It's people's lives, and I think we just 615 00:38:20,440 --> 00:38:22,159 need to calm down. 616 00:38:22,480 --> 00:38:26,280 Speaker 1: Well, I think he's right. The FED is lately they 617 00:38:26,320 --> 00:38:29,000 want to be the darlings of the media. They're out 618 00:38:29,039 --> 00:38:32,239 there there in front of microphones giving speeches. I think 619 00:38:32,280 --> 00:38:34,119 they should go back to the way they used to. 620 00:38:35,079 --> 00:38:37,920 They didn't even have news conferences none. They just put 621 00:38:37,920 --> 00:38:41,239 out a statement and as far as the speeches, those 622 00:38:41,239 --> 00:38:44,800 were very few and far apart, So the Fed should 623 00:38:44,840 --> 00:38:48,519 kind of cool it, stick their green eye shades on 624 00:38:48,760 --> 00:38:53,119 and work on monetary policy and be done with it. 625 00:38:54,480 --> 00:38:58,519 One other rumor floating around the saff it's awfully hard 626 00:38:58,519 --> 00:39:01,199 when you're doing a podcast to get of you breaking news, 627 00:39:01,280 --> 00:39:06,039 but the whole idea about Ukraine and a peace agreement 628 00:39:06,079 --> 00:39:13,159 with Russia. There is talk that President Trump is going 629 00:39:13,199 --> 00:39:17,599 to meet with Zelensky on Thanksgiving Day on Thursday. Then 630 00:39:17,800 --> 00:39:20,119 that was changed to know that's not going to happen. 631 00:39:20,159 --> 00:39:23,039 The President will not meet with him, that there will 632 00:39:23,039 --> 00:39:26,519 be a deal put together within a few days between 633 00:39:26,639 --> 00:39:31,519 Russia and Ukraine directly, and that President Trump will meet 634 00:39:31,559 --> 00:39:35,760 with Putin and Zelensky together when the deal is done. 635 00:39:36,000 --> 00:39:39,960 So it's a lot of a lot of movement, a 636 00:39:40,000 --> 00:39:44,519 lot of people trying to figure out how to get 637 00:39:44,519 --> 00:39:47,119 this thing to an end. But we don't have as 638 00:39:47,159 --> 00:39:52,000 we finish recording today, we don't have the final, final 639 00:39:52,199 --> 00:39:56,039 final word. It's it's not a final final anything at 640 00:39:56,079 --> 00:39:59,719 this point. Wall Street it, like I told you, it 641 00:40:00,000 --> 00:40:04,039 loved the news about Kevin Hassett. It literally when that 642 00:40:04,159 --> 00:40:07,880 rumor started floating around on Wall Street, the market went 643 00:40:08,079 --> 00:40:12,079 straight up and it finished with the Dow up six 644 00:40:12,440 --> 00:40:16,719 hundred and sixty four points to forty seven thousand and 645 00:40:17,000 --> 00:40:22,360 one twelve. The rebound is off thats to p up sixty, 646 00:40:22,599 --> 00:40:25,119 Nasdaq up one hundred and fifty three. A lot of 647 00:40:25,159 --> 00:40:28,440 those tech stocks that went way up then went way 648 00:40:28,519 --> 00:40:32,639 down there nibbling at them again today. The price of 649 00:40:32,679 --> 00:40:36,280 gold was up thirty one dollars to forty one twenty five, 650 00:40:36,400 --> 00:40:41,440 and oil fell one dollar down to fifty seven dollars. 651 00:40:41,480 --> 00:40:44,719 Now for one barrel of oil. That's it for today. 652 00:40:45,119 --> 00:40:48,559 Thank you for coming by. We'll be back again tomorrow. 653 00:40:48,639 --> 00:40:49,880 Hope to see you then