WEBVTT 1 00:00:19.519 --> 00:00:23.320 Well look at that. Here we are gathered around the 2 00:00:23.399 --> 00:00:28.199 old podcast on this Thursday. Today is the twentieth day 3 00:00:28.199 --> 00:00:31.280 of November, Year of Our Lord, twenty twenty five. My 4 00:00:31.359 --> 00:00:35.640 name is Tom Sullivan. Where do you want to start Today? 5 00:00:35.880 --> 00:00:39.759 We've finally a jobs report out, We've got some things 6 00:00:39.799 --> 00:00:44.240 on the economy. Dick Cheney's funeral was today at the 7 00:00:44.320 --> 00:00:52.000 National Cathedral in Washington. Well, let's start with Maam Donnie. 8 00:00:52.439 --> 00:00:54.240 This is going to be interesting to see. I don't know. 9 00:00:54.399 --> 00:00:58.039 People are all worried about his supporters think that he 10 00:00:58.119 --> 00:01:03.520 might be walking into a trap because Zoran Mondnnie is 11 00:01:03.560 --> 00:01:07.480 going to the White House tomorrow to meet with President Trump. 12 00:01:08.319 --> 00:01:12.319 And well, he says that he wants to talk to 13 00:01:12.359 --> 00:01:16.439 the President about affordability. The President says he's willing to talk. 14 00:01:17.040 --> 00:01:20.400 Here's what Mom Donnie has said, what he's going to 15 00:01:20.480 --> 00:01:22.359 talk to Donald Trump about. 16 00:01:23.079 --> 00:01:25.400 I want to just speak plainly to the President about 17 00:01:25.519 --> 00:01:28.200 what it means to actually stand up for New Yorkers 18 00:01:28.280 --> 00:01:30.560 and the way in which New Yorkers are struggling to 19 00:01:30.640 --> 00:01:33.439 afford the city and frankly, cost of living is something 20 00:01:33.480 --> 00:01:35.400 that I heard time and time again from New Yorkers 21 00:01:35.439 --> 00:01:36.480 about why they voted. 22 00:01:36.359 --> 00:01:37.079 For Donald Trump. 23 00:01:48.359 --> 00:01:50.959 So the President was getting on Air Force One the 24 00:01:51.000 --> 00:01:53.799 other day a couple of days ago and was asked 25 00:01:53.920 --> 00:01:57.239 about would he meet with ma'am Donnie. Here's what he's 26 00:01:57.400 --> 00:01:59.319 the mayor of New York. I will say it, would 27 00:01:59.319 --> 00:02:01.359 like to meet with and we'll work something out. 28 00:02:01.920 --> 00:02:04.239 But he would like to come to Washington and meet 29 00:02:04.319 --> 00:02:05.439 and we'll work something out. 30 00:02:05.879 --> 00:02:08.199 We want to see everything work out well for New York. 31 00:02:08.599 --> 00:02:11.960 So everybody talking nice, nice about a meeting with each other. 32 00:02:12.039 --> 00:02:14.719 But this is what ma'm Doney said in his speech 33 00:02:14.879 --> 00:02:17.280 just a couple of days ago. Not it wasn't. It 34 00:02:17.280 --> 00:02:18.120 was a different tone. 35 00:02:18.479 --> 00:02:21.960 If anyone can show a nation betrayed by Donald Trump 36 00:02:22.240 --> 00:02:24.919 how to defeat him, it is the city that gave 37 00:02:25.039 --> 00:02:29.240 rise to him. So, Donald Trump, since I know you're watching, 38 00:02:31.120 --> 00:02:33.840 I have four words for you. 39 00:02:35.080 --> 00:02:40.159 Turn the volume up. Well I'm not quite sure what 40 00:02:40.840 --> 00:02:45.400 that means. Turned the volume up. I really don't. I 41 00:02:45.439 --> 00:02:47.719 don't know. I don't know how you take it. But 42 00:02:47.840 --> 00:02:49.360 the other part about it, did you hear what he says? 43 00:02:49.439 --> 00:02:53.120 He says, and I know your watch Donald Trump. He's 44 00:02:53.319 --> 00:02:57.240 been saying that at almost any gathering where there are 45 00:02:57.319 --> 00:03:01.560 television cameras. He is saying, I know you're watching Donald Trump. 46 00:03:02.240 --> 00:03:06.199 He has a big view of himself. He may be 47 00:03:06.360 --> 00:03:09.280 a socialist, he may be a communist. I don't know. 48 00:03:09.520 --> 00:03:13.479 All I know is that he's a big narcissist. Hey 49 00:03:13.560 --> 00:03:17.639 really thinks that he is the center of the universe. 50 00:03:17.719 --> 00:03:21.039 But here's the thing, and I'm glad that Mam Donnie 51 00:03:21.039 --> 00:03:26.520 brought this up because everybody, every politician, always talks about 52 00:03:27.360 --> 00:03:32.479 in one way or the other, affordability. And at first 53 00:03:32.520 --> 00:03:35.479 President Trump was, you know, that's a Democrat thing. That's 54 00:03:35.520 --> 00:03:39.680 not true. It's a hoax. He's embracing it now because 55 00:03:39.840 --> 00:03:44.520 every politician in the two ladies that won the governorship 56 00:03:44.599 --> 00:03:48.879 of Virginia and New Jersey, they promised that they would 57 00:03:48.919 --> 00:03:52.599 get prices down. President Trump promised that he would get 58 00:03:52.639 --> 00:03:56.360 prices down. Ma'am Donnie is saying, I'm going to get 59 00:03:56.639 --> 00:04:01.560 free buses and free childcare and freeze, and I'm gonna 60 00:04:01.560 --> 00:04:03.680 get prices down, and we're gonna make it. We're gonna 61 00:04:03.680 --> 00:04:06.800 make New York City more affordable. I can tell you, 62 00:04:07.599 --> 00:04:11.319 ladies and gentlemen, boys and girls, New York City has 63 00:04:11.439 --> 00:04:17.079 never been affordable. It's a very expensive city. It has 64 00:04:17.160 --> 00:04:19.959 for us as long as I've lived here, and long 65 00:04:20.040 --> 00:04:23.920 before I moved in, it's always been probably one of 66 00:04:24.040 --> 00:04:29.279 the most expensive cities in the world. So are people 67 00:04:29.399 --> 00:04:31.680 going to if if people are gonna hold Donald Trump 68 00:04:32.040 --> 00:04:35.199 to you said you were gonna make it more affordable, 69 00:04:35.439 --> 00:04:38.600 You're gonna bring prices down. Are they gonna hold the 70 00:04:38.639 --> 00:04:43.439 new governor of Virginia, the new governor of New Jersey, Uh, 71 00:04:43.519 --> 00:04:46.360 the new mayor of New York City? Are they gonna 72 00:04:46.360 --> 00:04:49.839 hold them accountable for getting prices down? And bottom line 73 00:04:49.839 --> 00:04:54.399 is there's some things that government can do, but they 74 00:04:54.480 --> 00:04:57.800 can't do a lot. It's the private sector is the 75 00:04:57.879 --> 00:05:03.439 marketplace which deturn rmans whether prices go up or go down. 76 00:05:03.560 --> 00:05:06.439 So we'll see what happens. But the meeting's going to 77 00:05:06.480 --> 00:05:12.959 take place tomorrow, and people are warning ma'am Donnie his supporters, Ah, 78 00:05:13.040 --> 00:05:16.399 you're walking into a trap. I don't think so. I 79 00:05:16.439 --> 00:05:20.639 think Donald Trump he's a slick guy. He knows what 80 00:05:20.720 --> 00:05:24.040 to do. So this whole thing about Democrat socialists is 81 00:05:24.040 --> 00:05:26.199 starting to spread. We told you the Bear of Seattle 82 00:05:26.839 --> 00:05:30.759 is another one that is basically echoing Mamdannie and uh, 83 00:05:31.120 --> 00:05:34.000 we'll find out how she does But now there's a 84 00:05:34.040 --> 00:05:40.759 new filing for a Democrat socialist has filed to run 85 00:05:40.839 --> 00:05:46.480 against Hakim Jeffries, the Congressman from Brooklyn. And now the 86 00:05:46.600 --> 00:05:51.399 question is are the Democrat socialists taking over the Democrat Party? 87 00:05:51.680 --> 00:05:57.199 And if so, should HAKEM. Jeffries be nervous? Well, the 88 00:05:57.319 --> 00:06:00.079 question was asked of Harryington, so. 89 00:06:00.079 --> 00:06:01.519 I don't think he should be preted. I mean, look, 90 00:06:01.560 --> 00:06:04.319 you're either running unopposed or scared. Is for Talings, the 91 00:06:04.319 --> 00:06:07.839 great senator from South Carolina one said before he lost before, No, he. 92 00:06:07.920 --> 00:06:09.879 Says a retired you're retired, You're retired. 93 00:06:09.879 --> 00:06:11.839 He got out of South Carolina before they really run 94 00:06:11.879 --> 00:06:12.759 against the Democrats. 95 00:06:12.800 --> 00:06:14.639 But take a look here, I think this really gives. 96 00:06:14.399 --> 00:06:17.360 You an indication of why I think the primary challenge. 97 00:06:17.399 --> 00:06:19.199 One of the big reasons I think the primary challenge 98 00:06:19.199 --> 00:06:22.160 that King Jeffies will likely fail net favorability among Democrats. 99 00:06:22.199 --> 00:06:24.480 You know, nationally, Remember there was all this energy not 100 00:06:24.560 --> 00:06:27.000 just locally but nationally from Mamdanie, and there's all this 101 00:06:27.199 --> 00:06:30.319 national energy against Chuck Schumer. But Akim Jeffries and Chuck 102 00:06:30.319 --> 00:06:32.560 Schumer on different planets. Here you look at January, the 103 00:06:32.639 --> 00:06:35.800 net Fairbrilly rating, they're pretty close, plus twenty two for Jeffreys, 104 00:06:35.920 --> 00:06:38.279 plus eleven for Schumer. But over the course of the year, 105 00:06:38.480 --> 00:06:41.839 Jeffery's net favorability among Democrats, he's actually gone up. That's 106 00:06:41.839 --> 00:06:43.920 gone up to plus twenty nine points. Look overhere, Chuck 107 00:06:43.920 --> 00:06:46.600 Schumer is he's underwater with Democrats in the most recent 108 00:06:46.600 --> 00:06:49.040 Fox News pault minus two points. But at this point 109 00:06:49.160 --> 00:06:53.319 Hakim Jefferies is running over thirty points better with Democrats 110 00:06:53.399 --> 00:06:56.439 nationally than Chuck Schumer's. The anger on the left is 111 00:06:56.519 --> 00:06:59.680 much more so against Chuck Schumer than it is against 112 00:06:59.680 --> 00:07:02.560 Hakim Jefferies. Most Democrats think that the King Jefferies is 113 00:07:02.560 --> 00:07:04.959 actually doing a pretty good jea. This is okay, So 114 00:07:05.000 --> 00:07:06.839 we can go into New York City, right, we can go. 115 00:07:06.879 --> 00:07:09.839 And we had that mayoral election just a few weeks ago, 116 00:07:10.240 --> 00:07:12.560 and I think there's this idea, right, you know, obviously it. 117 00:07:12.600 --> 00:07:14.439 Is around Umdani very much on the left. 118 00:07:14.519 --> 00:07:17.560 But what was the percentage of Democrats and the percentage 119 00:07:17.560 --> 00:07:21.240 of Mundanni voters who actually consider themselves democratic socialists. 120 00:07:20.800 --> 00:07:21.839 In the election a few weeks ago? 121 00:07:22.079 --> 00:07:24.639 In fact, it was the minority of Mumdani voters forty 122 00:07:24.680 --> 00:07:27.360 three percent. Phill a pretty large number, but the minority 123 00:07:27.360 --> 00:07:29.680 forty three percent who said they were Democratic socialists. And 124 00:07:29.720 --> 00:07:32.319 then you look among Democrats in general, and it's thirty 125 00:07:32.360 --> 00:07:35.000 six percent. And it's thirty six percent. The majority of 126 00:07:35.079 --> 00:07:38.399 Democrats in New York City and the New York eight 127 00:07:38.480 --> 00:07:41.000 district looks a lot like New York City. And look 128 00:07:41.079 --> 00:07:43.439 at least in terms of the mayoral vote back in 129 00:07:43.439 --> 00:07:44.079 the primary. 130 00:07:44.839 --> 00:07:46.319 You see it here thirty six percent. 131 00:07:46.399 --> 00:07:48.720 So the majority of Democrats in New York City and 132 00:07:48.879 --> 00:07:53.000 likely in New York eight do not consider themselves Democratic socialists. 133 00:07:53.000 --> 00:07:55.279 It's a fairly large percentage, but thirty six does not 134 00:07:55.399 --> 00:07:57.600 get you north of the fifty percent that you would 135 00:07:57.600 --> 00:07:59.959 need to defeat you. The Democratic parties become more left, 136 00:08:00.199 --> 00:08:02.680 but not that far. Y all right, Okay, see again, 137 00:08:02.720 --> 00:08:04.800 you know, you look at the prediction market odds. Here 138 00:08:04.800 --> 00:08:07.199 the chance to win the New York LA Democratic nomination. 139 00:08:07.399 --> 00:08:09.759 You see a Kim Jeffries has the majority chance at 140 00:08:09.800 --> 00:08:12.519 this point eighty percent chance in twenty twenty six. That 141 00:08:12.600 --> 00:08:14.720 number has actually climbed over the course of this week 142 00:08:14.720 --> 00:08:17.639 as Mamdani has come out against that primary challenge to 143 00:08:17.680 --> 00:08:20.000 Hakeem Jefferies. And I actually think this number is a 144 00:08:20.000 --> 00:08:22.680 little bit. Well, look, anything can happen in politics, but 145 00:08:22.720 --> 00:08:27.079 at this particular point, Hakim Jefferies looks like the likely favorite, 146 00:08:27.279 --> 00:08:29.639 likely to win another term, likely to win renomination. 147 00:08:29.800 --> 00:08:31.920 Well we'll see. I mean, all of a sudden, you 148 00:08:32.000 --> 00:08:36.240 got this Democrat socialis who's running against Hakim Jeffrey. So 149 00:08:36.240 --> 00:08:38.799 we'll see what comes out of all of that. So, 150 00:08:38.879 --> 00:08:43.080 speaking to politics, I know this is a strange segue, 151 00:08:43.200 --> 00:08:47.799 but the funeral for Dick Cheney was held today at 152 00:08:47.840 --> 00:08:51.600 the National Cathedral in Washington, DC. And the reason why 153 00:08:52.480 --> 00:08:56.639 I tie this next to the political topic is because 154 00:08:56.679 --> 00:09:00.320 of the fact of the people that went to the funeral. 155 00:09:01.000 --> 00:09:05.559 This was a who's who of Washington DC. You had 156 00:09:06.360 --> 00:09:11.159 all the well, most of the recent vice presidents were there. 157 00:09:12.080 --> 00:09:17.360 You've got Mike Pence was there, Joe Biden and doctor 158 00:09:17.480 --> 00:09:21.960 Jill were there. Kamala Harris, the previous Vice president, she 159 00:09:22.159 --> 00:09:29.039 was there. Al Gore, Dan Quayle, John Bayner, Lindsey Graham, 160 00:09:29.240 --> 00:09:34.159 Nancy Pelosi, who had nothing good to say about Dick 161 00:09:34.279 --> 00:09:42.399 Cheney ever, was there. Mitch McConnell, Bill Cassidy, Lisa Murkowski, 162 00:09:42.519 --> 00:09:47.320 John Barrasso. Anyway, there's a whole bunch of people's gray 163 00:09:47.360 --> 00:09:49.240 hair that were there that I don't know who they were, 164 00:09:49.480 --> 00:09:52.240 but the catheter was full. But it was all these 165 00:09:52.879 --> 00:09:56.639 big Democrats and big Republicans. I mean, you've got to 166 00:09:56.639 --> 00:10:00.519 look back at Dick Cheney's time in Washington. He was 167 00:10:01.440 --> 00:10:08.320 in high office in Washington for fifty years. Five oh. 168 00:10:09.279 --> 00:10:15.159 He was youngest chief of staff. He started Richard Nixon's administration. 169 00:10:15.759 --> 00:10:19.639 He was the chief of staff to President Gerald R. Ford. 170 00:10:20.519 --> 00:10:23.679 He went on to become a congressman for a decade. 171 00:10:24.440 --> 00:10:29.279 He was a defense secretary under George H. W. Bush. 172 00:10:29.519 --> 00:10:34.960 He was Vice president under George W. Bush. So you 173 00:10:35.000 --> 00:10:37.480 look at this and you go, Okay, he's been there 174 00:10:37.519 --> 00:10:41.159 a long time, and a lot of people certainly cross 175 00:10:41.240 --> 00:10:44.240 passed with him. But I thought, I don't know, I 176 00:10:44.240 --> 00:10:46.320 thought it was kind of phony that all these people 177 00:10:46.759 --> 00:10:49.120 who had nothing good to say about Dick Chenney when 178 00:10:49.120 --> 00:10:52.840 he was alive were all there at the funeral service 179 00:10:52.919 --> 00:10:58.039 at the National Cathedral today. I don't know. I mean. 180 00:10:58.320 --> 00:11:00.679 And by the way, he wasn't just a Republican. He 181 00:11:00.759 --> 00:11:04.320 was This is the part that bothers me about the 182 00:11:04.360 --> 00:11:09.000 fallout with Donald Trump. And by the way, Donald Trump 183 00:11:09.159 --> 00:11:14.600 and the Vice President JD. Vance were notably not at 184 00:11:14.600 --> 00:11:18.279 the funeral today. They were not invited. So there was 185 00:11:18.399 --> 00:11:25.039 bad blood between Dick Cheney and his daughter versus Trump 186 00:11:25.120 --> 00:11:29.519 and JD. Vance, which is sad, but it just was 187 00:11:29.600 --> 00:11:32.960 what I mean, It's okay they disagreed with each other. 188 00:11:33.720 --> 00:11:36.080 But Dick Cheney, I don't want to see the fact 189 00:11:36.080 --> 00:11:42.240 that he was probably the most conservative Vice president and 190 00:11:42.440 --> 00:11:45.440 congressman that you will find in the Republican Party. But 191 00:11:45.480 --> 00:11:50.120 what he represented was the old guard, the old Republican Party. 192 00:11:51.120 --> 00:11:54.759 Certainly the mag of people turned on not only him 193 00:11:54.759 --> 00:11:59.559 but also the old Guard. I'm totally convinced of it. 194 00:12:01.600 --> 00:12:04.399 Here's a little bit from Mike Pince who was asked 195 00:12:04.840 --> 00:12:08.159 about Dick Cheney when he before he went into the 196 00:12:08.240 --> 00:12:09.559 into the National Cathedral. 197 00:12:09.639 --> 00:12:11.600 Well, I think Vice President Dick Cheney is going to 198 00:12:11.600 --> 00:12:15.759 be remembered as an American patriot, but an extraordinary public 199 00:12:15.799 --> 00:12:20.440 servant when you think of a lifetime that spanned and 200 00:12:20.519 --> 00:12:23.159 not only service in Congress where he was in leadership, 201 00:12:24.120 --> 00:12:26.519 but being one of the youngest chiefs of staff for 202 00:12:26.600 --> 00:12:30.559 a president with President Gerald Ford going on to be 203 00:12:31.120 --> 00:12:35.080 the Secretary of Defense for President George Herbert Walker Bush 204 00:12:35.120 --> 00:12:38.480 and then, of course Vice President of President George Shelvy Borsh. 205 00:12:38.559 --> 00:12:39.360 And there are very. 206 00:12:39.200 --> 00:12:44.200 Few Americans who have served at such levels with such 207 00:12:44.279 --> 00:12:47.600 distinction as Dick Cheney. But I think more than that, Jeff, 208 00:12:48.759 --> 00:12:51.440 I think he will be remembered as a man who 209 00:12:51.519 --> 00:12:53.919 was there at critical moments in the life of the nation. 210 00:12:54.600 --> 00:12:57.759 In the wake of Watergate, we had President Gerald Ford 211 00:12:57.759 --> 00:13:01.159 who made that hard decision part of the president mixing 212 00:13:01.159 --> 00:13:04.240 and moved the country forward to a time to heal. 213 00:13:04.320 --> 00:13:07.480 Dick Cheney was there as as Chief of Staff Operation 214 00:13:07.600 --> 00:13:11.759 Desert Storm under President Georgia, but Walker Bush, where he 215 00:13:11.840 --> 00:13:15.879 was Secretary of Defense in an extraordinary American military victory, 216 00:13:15.919 --> 00:13:18.879 and then of course being there on September eleventh, a 217 00:13:19.000 --> 00:13:21.080 day those of us who were serving in Washington at 218 00:13:21.080 --> 00:13:25.279 the time will never forget. I believe his steady hand 219 00:13:25.320 --> 00:13:28.480 through all those years contributed mightily to the life of 220 00:13:28.519 --> 00:13:30.679 the nation, and who we remembered an honored for that. 221 00:13:30.879 --> 00:13:36.440 Well. Mike Pint obviously he's always sounds like he's scripted, 222 00:13:37.360 --> 00:13:41.159 but I thought his comments were nice. Timneth Polly, who 223 00:13:41.200 --> 00:13:45.320 was a presidential historian, reflected on Dick Cheney today. 224 00:13:45.639 --> 00:13:49.200 I remember I took a group with my colleague at 225 00:13:48.679 --> 00:13:51.240 the University of Virginia. We took a group of students 226 00:13:51.240 --> 00:13:53.000 to the CIA for a visit. 227 00:13:53.600 --> 00:13:54.000 And. 228 00:13:55.679 --> 00:14:00.440 We were at a pretty high level. It was a guide, 229 00:14:00.519 --> 00:14:03.879 but let's say a guide who was complaining to us. 230 00:14:03.960 --> 00:14:06.799 He probably shouldn't have been about how difficult was because 231 00:14:06.799 --> 00:14:09.960 the Vice President had just been there with a team 232 00:14:10.480 --> 00:14:14.399 to scrub some estimates and scrub some intelligence. And this 233 00:14:14.639 --> 00:14:17.840 was something completely new in the in the history of 234 00:14:17.960 --> 00:14:21.240 US intelligence for the Vice President to go to Wrangley 235 00:14:21.639 --> 00:14:24.840 and basically to tell the analysts and the and the 236 00:14:24.879 --> 00:14:27.639 operators to show me this what he believed this, And 237 00:14:28.159 --> 00:14:31.240 Jene was pushing the line that there's a connection between 238 00:14:31.240 --> 00:14:32.799 al Qaeda and it's I'm the same at that. 239 00:14:32.759 --> 00:14:36.399 Point, and he was very upfront again about the fact 240 00:14:36.480 --> 00:14:39.639 that being the one in the White House on nine 241 00:14:39.679 --> 00:14:43.000 to eleven, when the President was traveling that day, being 242 00:14:43.039 --> 00:14:46.360 the one in the White House bunker to have to 243 00:14:46.399 --> 00:14:51.879 give the orders to potentially shoot down a commercial aircraft 244 00:14:52.000 --> 00:14:55.480 fell filled with civilians, but potentially to be used as 245 00:14:55.519 --> 00:14:56.080 a missile. 246 00:14:56.360 --> 00:14:59.159 After we saw that happening already changed him. 247 00:14:59.039 --> 00:15:01.120 From so I guess that's what you do at funerals, 248 00:15:01.159 --> 00:15:05.279 you say nice things. Even Jonathan Alter, who is a 249 00:15:05.519 --> 00:15:09.559 far far, far far left guy had no use for 250 00:15:10.000 --> 00:15:13.679 any Republican ever, made these comments about Cheney. 251 00:15:14.080 --> 00:15:18.720 Well, he was the most powerful vice president in the 252 00:15:18.759 --> 00:15:22.440 history of the United States, full stop. You know, the 253 00:15:22.879 --> 00:15:28.200 role was not considered very important until Jimmy Carter's vice president, 254 00:15:28.240 --> 00:15:30.519 Walter Monde. That's where it started to become of more 255 00:15:30.600 --> 00:15:36.120 important office of government. And non Bald. Some other vice presidents, 256 00:15:36.120 --> 00:15:39.240 including Alba and had a lot of authority, but not 257 00:15:39.320 --> 00:15:44.080 anywhere close to what Cheney had. And so his fingerprints, 258 00:15:44.200 --> 00:15:48.480 especially in the first Bush tram run everything, particularly in 259 00:15:48.519 --> 00:15:55.080 the national security area, and particularly in that world Rock, 260 00:15:55.480 --> 00:16:01.639 which mars his record because even the Bush administration don't 261 00:16:01.639 --> 00:16:03.279 believe it was a successful room. 262 00:16:03.879 --> 00:16:08.919 So even Jonathan Alter recognized that Dick Cheney was the 263 00:16:08.960 --> 00:16:13.480 most powerful vice president we've ever had in our nation's history. So, 264 00:16:13.679 --> 00:16:18.759 as far as political stinks go, there's one going around 265 00:16:18.840 --> 00:16:22.279 today on the left side media, they're all upset. They're 266 00:16:22.320 --> 00:16:27.799 all upset because President Trump reacted to the tape that 267 00:16:28.600 --> 00:16:33.759 six Democrats put out yesterday reminding members of the military 268 00:16:34.399 --> 00:16:40.960 that they can disobey on illegal order and I'm very 269 00:16:41.679 --> 00:16:43.240 I haven't had a chance to go back and look 270 00:16:43.240 --> 00:16:45.759 at the six and see if they spent any time 271 00:16:45.799 --> 00:16:49.399 in the military. I highly doubt it. I did see 272 00:16:49.399 --> 00:16:55.080 an interview with a Democrat congressman who had military experience, 273 00:16:55.559 --> 00:16:58.120 and he said, exactly what any of us that ever 274 00:16:58.159 --> 00:17:01.279 served in the military know. They drill it into your 275 00:17:01.320 --> 00:17:04.720 head from the first day, whether you're at boot camp 276 00:17:04.839 --> 00:17:08.200 or at branch school, or wherever you might be, They've 277 00:17:08.279 --> 00:17:12.440 drill into your head that you can you do not 278 00:17:12.720 --> 00:17:18.039 obey illegal orders, but you must obey legal orders. And 279 00:17:18.119 --> 00:17:23.079 so these Democrats decided to go out, Well, let me 280 00:17:23.119 --> 00:17:25.839 play the tape for you and you can. We'll talk 281 00:17:25.839 --> 00:17:27.079 about here in just a second. 282 00:17:27.319 --> 00:17:31.480 This administration is pitying our uniform, military and intelligence community 283 00:17:31.519 --> 00:17:36.000 professional steak against American citizens like us. You all sworn oaths. 284 00:17:38.200 --> 00:17:38.759 Right now. 285 00:17:39.079 --> 00:17:41.680 The threats to our constitution aren't just coming from road, 286 00:17:41.920 --> 00:17:44.440 from right here at home. Our laws are clear. You 287 00:17:44.519 --> 00:17:49.160 can refuse illegal orders. You can refuse illegal orders. You 288 00:17:49.240 --> 00:17:51.200 must refuse illegal orders. 289 00:17:51.480 --> 00:17:54.039 So the President reacted to all by saying that that 290 00:17:54.279 --> 00:17:57.720 was basically sedition and is punishable by death. And so 291 00:17:57.839 --> 00:18:01.759 all of the all of the Democrats and had spent 292 00:18:01.880 --> 00:18:03.960 some I don't know who comes up with this idea 293 00:18:04.839 --> 00:18:06.599 to have this tape where they were all going to 294 00:18:06.640 --> 00:18:11.839 say that you do not obey an illegal order. So 295 00:18:11.920 --> 00:18:14.720 the President was just said, well, it looks like it's 296 00:18:14.759 --> 00:18:19.000 sedition that's punishable by death. They're all having major cows 297 00:18:19.039 --> 00:18:21.440 today about what the President said. 298 00:18:22.279 --> 00:18:22.319 It. 299 00:18:23.039 --> 00:18:27.400 Come on, Democrats, why do you let Donald Trump pull 300 00:18:27.440 --> 00:18:30.640 your chain so easily. You're the one who did this 301 00:18:30.759 --> 00:18:35.279 kind of stupid tape. Anybody and everybody in the military 302 00:18:35.440 --> 00:18:39.079 knows you do not obey an illegal order, but you 303 00:18:39.279 --> 00:18:44.680 do obey a legal order. And that I saw one 304 00:18:44.680 --> 00:18:48.559 of the anchorrets I forget, one of the one of 305 00:18:48.119 --> 00:18:51.480 the cable channels was talking about the fact, well, you 306 00:18:51.480 --> 00:18:53.319 can't leave this up. No, I know who it was. 307 00:18:53.400 --> 00:18:58.680 It was Jillian Turner on Fox and she I don't 308 00:18:58.720 --> 00:19:02.519 think she knows what she's talking about. She said, well, 309 00:19:02.720 --> 00:19:04.960 you don't leave it up to the individual member of 310 00:19:05.000 --> 00:19:09.599 the military to make that decision. Yes, you do, as 311 00:19:09.640 --> 00:19:14.680 a soldier, as a sailor, as a marine, all the branches. 312 00:19:15.640 --> 00:19:18.640 It's up to you, as an individual member of the 313 00:19:18.680 --> 00:19:23.440 military to decide whether you're going to obey an illegal 314 00:19:23.640 --> 00:19:30.359 order or not. And if you're wrong, well you're going 315 00:19:30.400 --> 00:19:32.200 to spend some time in the break because if you're 316 00:19:32.240 --> 00:19:36.480 wrong because you disobeyed a legal order, that's what is 317 00:19:36.559 --> 00:19:39.119 over the head of every single member of the military. Anyway, 318 00:19:39.119 --> 00:19:41.799 there's a big deal being made about it today and 319 00:19:41.839 --> 00:19:46.599 I thought it was rather ridiculous. You want to talking 320 00:19:46.599 --> 00:19:51.680 about jobs. The jobs report came out today, Today's November twentieth. Yeah, 321 00:19:51.680 --> 00:19:57.279 the job report came out today for September. Huh, what 322 00:19:57.720 --> 00:20:00.480 you think that's a little late. Well, well, you know 323 00:20:00.640 --> 00:20:05.720 why is because they shut everything down, so they had 324 00:20:05.759 --> 00:20:10.720 this September jobs report. Now, remember when they do the 325 00:20:10.880 --> 00:20:17.279 job's survey is called the payroll reference week, which is 326 00:20:17.319 --> 00:20:21.960 the pay period that includes the twelfth of the month. 327 00:20:23.400 --> 00:20:27.000 So that means they had the September twelfth. They took 328 00:20:27.920 --> 00:20:31.680 the numbers and then they weren't able to produce them 329 00:20:31.720 --> 00:20:33.880 on the first Friday of October because the government was 330 00:20:33.920 --> 00:20:38.720 shut down. The government reopened on November twelfth, so we 331 00:20:38.799 --> 00:20:43.759 didn't get Septembers. They never did the survey for October. 332 00:20:44.480 --> 00:20:48.960 We will get the November numbers on December, the first 333 00:20:48.960 --> 00:20:54.000 Friday of December. But this September job report is ancient history. 334 00:20:54.759 --> 00:21:01.079 I think it's meaningless. Bottom line, one hundred and nineteen 335 00:21:01.279 --> 00:21:06.240 thousand payrolls were added. That was much stronger than the 336 00:21:06.480 --> 00:21:12.599 estimate of fifty thousand there were. Unemployment rate went up 337 00:21:12.640 --> 00:21:17.200 to four point four percent, that is a four year high. 338 00:21:17.359 --> 00:21:22.960 The participation rate, how many people participated in working, unchanged 339 00:21:23.000 --> 00:21:28.440 at sixty two point four percent. Average hourly earnings this 340 00:21:28.640 --> 00:21:32.640 is how did your paycheck do versus inflation. It was 341 00:21:32.680 --> 00:21:36.279 a little weaker than expected. Average hourly earnings up year 342 00:21:36.319 --> 00:21:40.119 over year three point eight percent. Inflation's at three point 343 00:21:40.160 --> 00:21:43.559 one percent, so you earned more than inflation, but by 344 00:21:43.759 --> 00:21:48.160 a hair The U six which is the long term 345 00:21:48.240 --> 00:21:56.680 unemployed eight percent. So this is an okay report. But 346 00:21:56.799 --> 00:22:00.519 what it says to the Fed who going to be 347 00:22:00.599 --> 00:22:04.799 meeting in the second week of December, So this is 348 00:22:04.839 --> 00:22:10.119 the last unemployment report they'll get before their meeting. No, 349 00:22:10.200 --> 00:22:12.440 they'll get no, I'm sorry, They'll get the November report 350 00:22:12.480 --> 00:22:15.960 then they'll have their meeting, and I'm What it says 351 00:22:16.079 --> 00:22:19.599 is that the labor part of this is worry. People 352 00:22:19.680 --> 00:22:23.200 worried about labor slowing down. It looks like it's weakening, 353 00:22:23.279 --> 00:22:27.279 but it's not that weak. It's not that bad, not 354 00:22:27.440 --> 00:22:33.920 at all. So now the President, of course wants the 355 00:22:33.960 --> 00:22:38.440 FED to cut interest rates, and he was in his 356 00:22:38.640 --> 00:22:43.400 speech last night brought up that point. He was making 357 00:22:43.440 --> 00:22:46.599 a reference to Scott Bessnt, the Treasury Secretary, who was 358 00:22:46.640 --> 00:22:47.359 in the audience. 359 00:22:47.519 --> 00:22:49.640 I mean, Scott, you got to work at this guy. 360 00:22:49.640 --> 00:22:53.440 He's got some real mental problems and there's something wrong 361 00:22:53.480 --> 00:22:54.400 with him. 362 00:22:54.799 --> 00:22:55.160 It's just. 363 00:22:56.839 --> 00:23:00.640 I'd be honest, I'd love to fire his tea should be. 364 00:23:00.799 --> 00:23:05.240 Guy's grossly incompetent. The only thing Scott's blowing in on 365 00:23:05.519 --> 00:23:08.599 is the FED, because that's fed. 366 00:23:09.519 --> 00:23:11.559 The rakes it to high. Scott. I want to get 367 00:23:11.640 --> 00:23:13.039 him out, Scott. 368 00:23:12.880 --> 00:23:14.799 Please, he's avosive reason. 369 00:23:15.079 --> 00:23:16.640 You're very lucky you have him. 370 00:23:16.680 --> 00:23:18.920 Many Howard would say, get him to hell out of there. 371 00:23:19.319 --> 00:23:23.920 So that's that's President Trump being President Trump. He does 372 00:23:23.960 --> 00:23:26.880 not like j. Powell. He's made it very clear. Pal Is. 373 00:23:27.400 --> 00:23:30.680 His term expires in May, so there will be a 374 00:23:30.720 --> 00:23:35.880 decision made probably next month on who his successor will be. 375 00:23:36.880 --> 00:23:41.319 Former Vice Chairman of the FED, Roger Ferguson I like 376 00:23:41.400 --> 00:23:44.359 him a lot. He's a very smart man, and he 377 00:23:44.519 --> 00:23:47.000 reacted to this jobs report this way. 378 00:23:47.559 --> 00:23:49.960 I think all, all these numbers suggests an economy that's 379 00:23:49.960 --> 00:23:53.279 still hanging in there, not a dramatic move one way 380 00:23:53.319 --> 00:23:55.920 or the other. People should take note of the slight 381 00:23:56.079 --> 00:24:00.000 uptick and intent great, but late participatient still looks pretty strong. 382 00:24:00.720 --> 00:24:05.079 Ad early city looks strong or strong enough. And so 383 00:24:05.200 --> 00:24:07.599 I don't think this sort of shows stay the cut 384 00:24:07.720 --> 00:24:11.480 decision much one way the other. Frankly, anyone to look 385 00:24:11.480 --> 00:24:14.079 at this and find what they want. But overall, I 386 00:24:14.079 --> 00:24:15.960 think this is the sign of a labor market that's 387 00:24:15.960 --> 00:24:17.920 turning in there and the economy of atturning in there 388 00:24:18.240 --> 00:24:21.279 against the background as you put out of acting markets 389 00:24:21.279 --> 00:24:22.119 at Seiney rally. 390 00:24:23.279 --> 00:24:25.240 So now the betting is on about what will the 391 00:24:25.279 --> 00:24:28.319 Fed do in their December meeting. You heard President Trump 392 00:24:28.359 --> 00:24:33.079 once rates cut, but the Fed future's rate Wall Street 393 00:24:33.640 --> 00:24:37.480 betting on will the Fed cut rates in December, And 394 00:24:37.519 --> 00:24:43.440 the answer is sixty four percent say that they will 395 00:24:43.440 --> 00:24:48.160 not cut interest rates in December. So we'll see what happens. 396 00:24:48.160 --> 00:24:51.279 But that's where the future, the Fed funds future is 397 00:24:51.319 --> 00:24:55.559 guessing on a Fed cut rate in December. Sits as 398 00:24:55.599 --> 00:25:00.960 of this report that came out this morning. So watching 399 00:25:01.000 --> 00:25:06.319 the markets today after the Nvidio came out with their 400 00:25:06.319 --> 00:25:13.240 earnings last night and were solidly above on revenue on income. 401 00:25:14.480 --> 00:25:18.079