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Speaker 1: And here we are. Yes, Hi, how are you? Thank

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you for coming by. Happy Christmas eve eis on this Tuesday,

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the twenty third day of December, Year of Our Lord,

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twenty twenty five. My name is Tom Sullivan. So we

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have a lot to go over today. I mean, it

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really is. It's a very busy newsday. And you would

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think with this being Christmas week and a lot of

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people busy with Christmas, the newsboro would be empty, but

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it's full. We just got word just as we get

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ready to record this that the Supreme Court has ruled

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in against President Trump, ruled to block him from deploying

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the National Guard to Chicago. And I think this is

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if I remember, this is the Texas National Guard that

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he was sending to Chicago, and everything got put on pause.

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The President wanted to send the National Guard to Chicago

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to protect ICE agents, but the Court ruled six to

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three that he is limited on his ability to do that.

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The three justices that dissented the opinion were Sam Alito,

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Clarence Thomas, and Neil Gorsich. Cavanaugh wrote the opinion, so

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he was one of the six that basically said that

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the National Guard. The wording of all this is about

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whether or not the president has the right to use

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regular forces, and that's what they said. You can't do that.

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So we'll dig into it deeper maybe tomorrow. We just

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got the headline as we got started here today, but

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very interesting. The court's legal interpretation, Kavanaugh wrote, could lead

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to potentially significant implications for future crises that we cannot

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now foresee. Alito, who disagreed, wrote the dissent, said the

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Court fails to explain why the president's inherent constitutional authority

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to protect federal offices and officers and property is not

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sufficient to justify the use of national guards. So three dissented,

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six said, President Trump, you can't send the National Guard

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to Chicago. So that's going to obviously apply to many, many,

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many more places where the President has been wanting to

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or as sent national Guard troops. So we're off to

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a start on that. I've got. By the way, happy

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Festivus today. What Happy Festivus? Unless you're a Seinfeld fan,

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you probably don't know what I'm I'm talking about, but

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I'll get to it. Let's let's finish the podcast today

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on looking back at Festivus and Ran Paul has has

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his annual report out about government waste. It's it's under

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his Festivus report that he has out today.

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Speaker 2: Uh.

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Speaker 1: The other the big story that is still capturing a

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lot of news attention, UH are the are the documents

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coming out of the Department of Justice regarding Jeffrey Epstein

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Epstein and and one of the things about that, which

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is I don't know. I was, I was going over

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this yesterday looking at the documents coming out from the

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Justice Department, and I just finally just thought, I can't

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sit here to this. I've got more important things to do.

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Speaker 3: Now.

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Speaker 1: I understand we're talking about there's a bunch of pedophiles

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who took advantage of young ladies. Over twelve hundred underage

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girls were attacked via Jeffrey Epstein. And so would I

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like to go prosecute them? Yes, a lot of people

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would like to even double triple prosecute them because of

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the fact that they were all most likely very influential,

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very wealthy people, and so people want to get them.

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But so they're running into problems in putting out all

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these documents. They've got hundreds of thousands of documents to

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go through and figure out how to block the names

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of victims and yet they're going to be releasing a

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lot of names and a lot of photographs of people

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that are in a photo with Epstein. But that doesn't

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mean that they were. You can't say they were guilty

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because of that. Couple responses to this so far so oh.

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By the way, today thirty thousand more pages were released

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by the Justice Department, and they say they're continuing to

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work on it. Pete Seat, who worked in the George

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W administration at this comment.

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Speaker 4: I'll play the hypothetical. I don't think it works at all.

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We have something called the Internet, as you recall, Al

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Gore invented it, and these things live forever. So after Christmas,

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after New Year's people go right back to the well

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and churn up their conspiracy game all over again.

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Speaker 5: The charade continues for yet another news cycle. So if

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that is the aim, I don't think it is. I

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think it's just the fact that the DOJ was not

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adequately prepared for this, and they're hastily trying to get

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these documents out the door, that mistakes are being made.

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Speaker 4: I don't think it has anything to do with the

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timing of the holidays.

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Speaker 1: Let me make it clear, I am all for the

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Epstein documents to be released. Just flush them out, the

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whole darn thing and will sort out the stories later.

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But you've got to get them out of the locked

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cabinets at the Department of Justice and get them out

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to the public. So there are research groups that will

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spend the time to go through and figure out who

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was who in the whole Epstein story. A former SD

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and Y Southern District of New York prosecutor. Her name

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is Sarah Kissoff. So there's a lot of work here.

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Speaker 2: It is a hard job to redact these documents appropriately.

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The law set forth sort of categories of material that

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could be redacted. The DOJ has to go through these

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very carefully, make calls about, you know, really Paige by

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page about what needs to be redacted or not. But

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you know, they have all of the resources in the

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world to do that. I mean, they have thousands of lawyers,

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top lawyers who could be working on these documents, following

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a protocol and making decisions. So I mean, they certainly

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should be moving quicker than they are, and we shouldn't

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really be seeing mistakes, particularly mistakes regarding victims' names. But

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you know, it is a this is a human process,

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in a very laborious, time intensive process. Yeah, some of

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the juiciest stuff really is going to be in internal

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doj emails, Right, That's where the prosecutors are talking about

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the case. That's where they're sort of hashing out the

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evidence that they're seeing, so that we're going to see

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some good stuff in there, as we already talked about

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this morning. The other place I think you're going to

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see really interesting material is in FBI reports, three or

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two reports, to the extent those are released in unredacted

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form or partially redacted form, because that's really going to

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set out the nature of the investigation and the things

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that were the steps that were taken in connection with

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the investigation. Yeah, I mean the course of events here

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in terms of sort of the Florida prosecution or lack

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of prosecution and on the subsequent prosecution and the SD.

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Speaker 1: And why was.

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Speaker 2: Very complicated. And we're going to see more details uncovering that,

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more details about why decisions were made, why the charges

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were brought or not brought, and that I think is

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going to be very illuminating about whether there was sort

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of political pressure or external forces on decisions that were

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made internally in these prosecutorial bodies.

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Speaker 1: Well, I think she's right. I mean, this is probably

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a job for AI. But as you go through the

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hundreds of thousands of documents and have to look at

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every single word and find out who these people are.

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Are they victims or are they not? Are they witnesses?

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What's the story? And was there political influence on Epstein,

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especially the South Florida prosecution. Yes, it's obvious there was.

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But at the same time, I'm I I have to

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move on. I can't. I'm all for them send sending

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it out and if some researcher finds some interesting things,

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I hope those reports come out for all of us

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to read. All right, let's talk about the battleships. They're

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the Trump Ships. Yes, he's actually naming a new class

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of battleships after himself. And he's I know, he's renamed

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the memorial to John F. Kennedy, the Kennedy Memorial in Washington,

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d C. He's put his name on that too. I

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don't know, that's just him. There's a bunch of buildings

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that go along the Hudson River. They have beautiful views

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looking over the Hudson. I don't know. I'm going to

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guess seven or eight high rise apartment buildings. They're probably, oh,

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they're forty to fifty stories high, and they're all different,

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and they all are along the Hudson River, along the

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West Side Highway. And during Trump one point, oh, he

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ticked off enough people to where the owners of those

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condos voted overwhelmingly to take his name. They all had

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the Trump name on him, to take the Trump name off,

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every single one of them. So I suspect that the

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Trump name will last until twenty twenty eight. On a

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lot of these things. I think it's weird. It's part

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of his narcissism. He truly suffers from that. But the battleships,

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the bigger question is is this another one of those

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stories where the military doesn't want something but the politicians

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want them to have it. The question is does the

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Navy really need more battleships? Major Mike Lyons and General

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Steve Anderson way in on this, O Kate.

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Speaker 6: The question is whether or not the battleship has a

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role in the modern Navy, and whether or not it

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will project power into China. Really what this is all about.

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Battleships were decommissioned back in the early nineties for a reason,

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as the carrier became the center of gravity for naval

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operations and protecting that carry and the aviation assets on it.

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This introduces a new command center of command control that

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likely can go closer to shore and perhaps project power there.

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But it's one big target that the Chinese have an

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advantage with all more ships right now within within their

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naval fleet, and again trying to build something like this

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in an environment right where we've not been successful in

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getting out destroyers and other things that are more important

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right now to our navy. So the question is again

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whether it is has a role in the modern navy

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and whether or not it will project the kind of

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power that the President thinks it's going to do.

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Speaker 1: So, Navy men and women, what do you think I

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would love to hear from you? Eight five five, two

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nine five sixty six hundred bone numbers Also on my website,

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Tom Sullivan dot com. I don't know, he said battleships

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were decommissioned back in the nineties. Are they a thing

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that we don't need anymore? I know China has more

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ships than we do, but what kind of ship do

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they have? Here's General Steve Anderson.

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Speaker 7: Well, I totally agree with Major Lions. I mean, I

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think that the battleship is not the right approach. I mean,

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a small agile fleet is something that the Navy needs

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and could use. But warfare has changed, as Major Lions,

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it's inuated. I mean now Jerome technology is paramount. So

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I mean, you know, having a battleship a big, large

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floating target. I mean I look back three years ago

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when the Ukrainians blew up the Russian battleship Masfa using

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low technology anti ship missiles and essentially surfboards on remote

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control loaded with munitions. I mean that, as Major Lions

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points out, battleship is a large floating target. So we

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need to focus the American industrial base on building drones.

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Secretary of Defense has stood up this drone dominance program,

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which I think is a great step forward. And then

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we need to focus the American industrial shipbuilding on small

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agile ships, not battleships.

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Speaker 1: So small agile. The President somebody obviously got to him

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and said China has more ships than we do. I

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can see him going, well, and we need to have

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more than them. But the question is what's the right mix.

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So speaking of ships, they're out there chasing the third

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Venezuelan oil not a Venezuela, an oil tanker that was

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heading toward Venezuela to pick up oil, apparently tied in

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with the ron somehow. Out this whole process of going

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after the drug boats now blockading Venezuela back to major lines.

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Speaker 6: Well it's gonna it's extending beyond just the drug traffic

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and in trying to put economic sanctions and enforce them

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against Venezuela. But that strike that you reported about into

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the Pacific, that's interesting because that boat did not come

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from Venezuela. That came from Colombia. And the fact that

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we're reaching, you know, across the peninsula in order to

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get targets there shows you that even if we solve

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the problem with drugs inside of Venezuela, we're gonna have

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to deal with what's going on in Colombia as well.

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And again, this whole entire maritime campaign still won't go anywhere.

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We won't I don't think we'll use any kind of

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kinetic power until the army shows up. The army is

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still not involved in this operation. It's purely projecting power

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from the sea. But if the president, which I again,

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I just don't see him doing this. If the President

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wants to actually do something, he's going to have to

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put boots on the ground, and that means the army

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has to show up.

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Speaker 1: And I'm not sure there is a political will by

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the American people to go out and start another war.

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And again I've repeated it before, I'm not kind of

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surprised by all this because it is flirting with war

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and President Trump has made it very clear he wants

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to end wars. I thought he was an anti war guy,

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but man, it's Venezuela stuff. Well here's General Steve Anderson

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his thoughts.

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Speaker 7: Well, kay, you're spot on. I mean, every sailor down

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there wants to know what's going on. I mean, they'll

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do anything that their nation asks them to do, but

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they need to know why I'm doing. And then, unfortunately,

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we're seeing another example of the Drump administration schizophrenic diplomacy.

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I mean, one week we're there to knock out the

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drug guys. The next week there we're talking about regime change.

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Now we're talking about recovering stolen goods and seizing oil tankers.

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I mean, you know, it's really sad that we've gotten

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to this point. I mean the strikes essentially, I believe

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are illegal, immoral, and un American, and they're ineffective. I mean,

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if we really wanted to have an effect on the

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drug trafficking, for instance, we capture those people, we wouldn't

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kill them, We'd interrogate them and gather information. But now

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we've got twenty five percent of the Navy fleet down,

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got thirty eight casey Ten's essentrally positioned in Florida. I mean,

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what is going on down there? The American people and

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the sailors that are stationed down there need to know why.

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Speaker 1: Well, Tenberal doesn't sound like he's all enthused about this

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Venezuela action. God by the name of Charles Shapiro used

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to be the ambassador from the US to Venezuela. He

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was asked about all of this activity of what it

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means the why, Well, if.

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Speaker 3: The goal is to get Maduro out of office, welling

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up boats legedly carrying drugs has no impact on Maduro.

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They're not his boats, he doesn't own them. He hadn't

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own the cocaine that's on those boats, so it really

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literally has no impact on him. Seizing oil tankers impacts

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the state of Venezuela, the nation of Venezuela. The oil

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company is owned by the nation, by the government of Venezuela.

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All the money goes into the national treasury, so it

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reduces funds that go to the government of Venezuela for

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everything from paying soldiers and teachers to pay paving roads.

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The question, of course is how does that get Maduro

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out of office? Because, as you know as a reporter,

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dictators despite sanctions are able to hang on. They live

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real well no matter what sort of economic sanctions are

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placed on the country. And I don't think Maduro is

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putting the well being of the people of Venezuela above

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his own well being.

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Speaker 1: So is the object to stop drugs that was the

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first reason they told us. Or is it to have

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a regime change for the sheer fact that another person

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was elected president and dureau refuses to recognize that. Or

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is it to get the oil and cut deals with

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oil companies us oil companies to go in and own

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the oil in Venezuela to try to put their economy

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back standing up straight.

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Speaker 3: Well, that's that's what the administration's wrestling with right now.

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I assume the president has been presented with a menu

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of options to turn up the heat on the DUA.

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That's what seizing these oil tankers is doing. You know,

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you and I can speculate about what comes next, but

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you got to get to the point where Mduro realizes

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that leaving the country is a better option for him

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than staying as president of the country.

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Speaker 1: So if we're talking about regime change, that doesn't work

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out very well. A lot of the times that we've

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been involved in something like that. What happens if we

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do get Maduro out of there, are we going to

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have to go in there and rebuild the country.

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Speaker 3: Well, that's exactly the point is Madul and his predecessor,

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Hugo Chavas have been in control of Venezuela for over

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twenty five years. That means essentially everybody who works for

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the government, every soldier, every police officer, every school teacher

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has been brought up in that system, the people who

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count them, everything from top to bottom. The opposition assures that, guys,

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this will be complicated, but we can do it. What

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I suspect is going to need a lot of help,

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and a lot of help from the United States, because

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the international community, international democratic community is staying hands off,

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and it will involve exactly what the president and supporters

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are saying they're trying to avoid. That's nation building. I

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mean making that transition from twenty five years of dictatorship

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and reinstalling democracy and reinstituting a free market economic system

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in Venezuela. That's not going to be easy. They're going

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to need support. And unfortunately, what you see around the

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world is is that after something like this happens, people

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want to see more money in their pockets immediately, They

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want to see the economy functioning well. Immediately. Venezuelan's outside

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Venezuela going to return to the country. They get real

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frustrated expatriates when they return home because they've been living

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fine in Columbia and the United States in Spain, and

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they're going to go home and see what a mess

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the country is. And that's going to be a real challenge.

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It's going to need support, and it's going to need

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support from the United States.

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Speaker 1: Remember when the Soviet Union collapsed, who moved in to

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take control of Russia. The Russian mob, the mafia, the

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Russian mob, and they took control and the criminal enterprises

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were the ones that were running the country for the

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first twenty years, and I would still to the state

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there's a lot of it still in power, a lot

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of Putin's friends. So I would imagine that that's what's

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going to happen if we throw Maduro out. There's going

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to be a lot of criminal elements that will try

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to take over that country. Even though the people did

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elect a new leader, but she is she had to

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sneak out of the country. She For her to try

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to take over power again and actually get it so

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that the people feel better instantly will be a big challenge,

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and I agree with the former ambassador, it's going to

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require you and me, the US taxpayer, to help them out.

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A big economic report came out today speaking of the

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economy for US. It was the GDP Report Gross Domestic Product,

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broad US measure of the economy. The way it works

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is after the end of a quarter, thirty days later

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they come out with their first advanced look and they

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give us a report, and then thirty days after that

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they give us a second, more refined number, and then

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thirty days after that, which is at the end of

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the next quarter, they give us the final final numbers,

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and that gets printed in the economic textbooks. Guess what,

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Because the government was shut down, there wasn't a thirty

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day report. There wasn't one at sixty days. We got

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one today for the whole Enchilada and a lot of people.

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I'll give you the numbers first, blush. This is absolutely terrific.

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The gross domestic product four point three percent for the

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third quarter. That was up from three point eight percent

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the second quarter. And economists were looking for something even

359
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slower three point three. Instead it came in at four

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point three. This was way hotter, which means that the

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Fed is not going to want to lower interest rates

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anytime soon with an economy that is growing this fast.

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Part of the growth is AI spending, but most of

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the of the report shows that it was consumer spending.

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And again this is the third quarter. This is July, August,

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and September. I don't know, were you spending a lot?

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Maybe it doesn't tie in with anything else. We got

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the Philadelphia manufacturing report out today. It was the weakest

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since twenty twenty two. We got the durable good order

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out Goods order out today. It was the two point

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two percent minus sign minus two point two percent on

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durable goods orders as the weakest since July. So that

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doesn't tie in with anything else. I A lot of

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people are already asking you think this is legit or

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is somebody playing with the numbers? We had that with

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the unemployment report that came out last week. Kevin o'larry,

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mister wonderful, was asked about it.

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Speaker 8: Stunning, very rarely do you get a miscalculation like this.

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I mean, if you're the administration, you're loving this number.

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This is a huge upside miss if you want to

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look at that, look at it that way. So we're

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actually waiting for the recession that never comes. This is

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an extraordinary situation. It's been a remarkably long number of

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years since we've had a recession, and yet these numbers

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tell you it's a long way off.

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Speaker 1: Did you hear his first words? He said, this is

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a big miscalculation. That was his first reaction to this

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GDP number.

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Speaker 8: I'm an optimist for twenty twenty six. So there's a

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few reasons. Number one, the productivity and margin enhancement of

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AI in all eleven sectors of the economy is just

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starting to be felt. One of the reasons the market

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hits new highs it's evident that everybody's using it, and

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we're in the first inning number two. I am hopeful

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that we will get the entire tariff situation sorted out.

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We still don't have that nailed down yet, so I'll

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give you an example. Housing softwood lumber is still at

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twenty five percent tariff. That's unnecessary. We don't have enough

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of our own softwood lumber. Tariffs on things like pineapples

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00:25:26,640 --> 00:25:28,799
and banana why bother? We don't make.

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Speaker 9: Those, so why tariff ourselves.

402
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Speaker 8: There are several countries that still have extraordinarily high terraffs.

403
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I would assume they'd get worked out. Tariffs are inflationary.

404
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That's the other problem in the economy. We're still at

405
00:25:41,079 --> 00:25:46,079
three percent inflation on app and you're hearing that quote portability.

406
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That's the problem. We've got to get affordability nailed down

407
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and get the protein costs for everyday goods and services

408
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people buy down towards two percent. A lot of that

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has to do with tariffs, and I understand the administration

410
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claims they don't matter. If they matter, it's an input,

411
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but it's something they control so can be fixed. But overall,

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these numbers really, really paint an optimistic picture for the

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economy of the United States.

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Speaker 1: So if a lot of it was driven by consumer

415
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spending in July, August, and September, and we're finding out

416
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that it's more of higher incomes that are really keeping

417
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the economy going, maybe that's what it was. Maybe there

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was higher consumer spending by higher income people in the

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third quarter. But these numbers, a lot of people are going,

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that's great. Wait a minute, that doesn't make sense. So

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we're going to have to wait. We're still churning through

422
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these reports that should have come out when the government

423
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shut down was underway, so we'll have to wait for

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more evidence of which way the economy is really swinging.

425
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Wind farms the President had a big supporter of this.

426
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The President put a knotty day moratory on is it

427
00:27:01,960 --> 00:27:04,319
ninety dayers or six months? Is it a short term

428
00:27:04,359 --> 00:27:09,680
moratorium on wind farms? And I like to point out

429
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that even Ted Kennedy, who had a home on the

430
00:27:15,559 --> 00:27:21,720
coast in Hyenasport, Massachusetts, he big Democrat, but he was

431
00:27:21,880 --> 00:27:26,720
absolutely adamant before he died about getting these wind farms

432
00:27:26,759 --> 00:27:30,000
not to tear him down and not to build anymore. Well,

433
00:27:30,039 --> 00:27:34,200
the president has put a temporary kebash on him. Doug Bergham,

434
00:27:34,720 --> 00:27:38,599
the Secretary of the Interior, kind of explains.

435
00:27:38,359 --> 00:27:41,880
Speaker 10: This is a new recently released classified report completed by

436
00:27:41,880 --> 00:27:44,839
the Department of War that highlights, really builds on the

437
00:27:44,880 --> 00:27:48,480
story you had just before this, which is modern warfare,

438
00:27:48,559 --> 00:27:52,920
is drone warfare, and the radar interference caused by these massive,

439
00:27:52,920 --> 00:27:56,599
gargantuan projects. I mean understanding that a single one of

440
00:27:56,599 --> 00:27:59,839
these towers can be one and a half to times

441
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taller than the Washington Monument. The blades themselves, the diameter

442
00:28:06,960 --> 00:28:09,200
the blades is bigger than the Statue of Liberty two

443
00:28:09,240 --> 00:28:11,200
and a half football fields. These things are moving in

444
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one hundred and fifty miles an hour. Our ground based

445
00:28:13,359 --> 00:28:16,440
radar is designed to pick up movement. If you wanted

446
00:28:16,480 --> 00:28:19,039
to attack a population center on the east coast of

447
00:28:19,039 --> 00:28:21,640
our country, you would send a swarm of drones right

448
00:28:21,680 --> 00:28:24,799
through one of these wind farms. That's the basis of

449
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this understanding. But as we said, we've got a ninety

450
00:28:26,839 --> 00:28:29,279
day pause. We've announced we're happy to sit down and

451
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see if we can try to find mitigation. But this

452
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is a real national security concern, and as you also

453
00:28:35,680 --> 00:28:39,079
mentioned here, I don't know that I've called these successful

454
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because we've got the marine fisheries, and the fishermen are

455
00:28:42,279 --> 00:28:44,519
opposed to these. The people that love the whales are

456
00:28:44,519 --> 00:28:48,160
opposed to them because of the whale grounding, and of

457
00:28:48,200 --> 00:28:51,000
course consumers if they understood the fact this is the

458
00:28:51,039 --> 00:28:54,480
most expensive form of energy we're producing is offshore wind,

459
00:28:55,119 --> 00:28:57,640
and so it's not reliable. It only works when the

460
00:28:57,640 --> 00:29:01,880
wind is blowing, and of course it depends on foreign

461
00:29:01,920 --> 00:29:05,200
suppliers almost completely for this industry. And we have a

462
00:29:05,200 --> 00:29:09,559
solution in New England right there, which is natural gas

463
00:29:09,599 --> 00:29:13,759
from Pennsylvania, which would generate power five to ten times

464
00:29:13,799 --> 00:29:17,480
more than all these five wind projects together. So we

465
00:29:17,559 --> 00:29:20,880
have a way to keep affordability into pricing for home

466
00:29:20,880 --> 00:29:23,279
heating and electricity in New England, just like we have

467
00:29:23,359 --> 00:29:25,559
in the rest of the country because President Trump's policies

468
00:29:25,599 --> 00:29:29,400
are working in states that haven't blocked the development of

469
00:29:29,559 --> 00:29:32,559
traditional baseload electricity and baseload fuels.

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Speaker 1: Yeah, count me in on supporting getting rid of wind farms.

471
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It's ridiculous, especially out in the ocean, especially out in

472
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the ocean.

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Speaker 3: All right.

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Speaker 1: I mentioned at the beginning today is Festivus and a

475
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lot of people will snicker. And when I say that,

476
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there's a lot of people go, what is Festivus? Well,

477
00:29:55,079 --> 00:30:00,599
it's from the Seinfeld Show. It's an actual thing. One

478
00:30:00,640 --> 00:30:04,759
of the writers of the Seinfeld Show, his father came

479
00:30:04,880 --> 00:30:08,519
up with this idea because he was so sick and

480
00:30:08,599 --> 00:30:13,319
tired of the commercialization of Christmas. So we invented this

481
00:30:13,359 --> 00:30:16,480
thing called Festivus, and they had a metal pole. And

482
00:30:16,559 --> 00:30:19,480
so the writer was telling the other writers of the

483
00:30:19,519 --> 00:30:24,680
Seinfeld Show at the writing table as just kind of

484
00:30:24,680 --> 00:30:28,640
an aside, and they said, let's do it. Let's do

485
00:30:29,880 --> 00:30:32,960
a remake of what this Festivus is all about. So

486
00:30:33,039 --> 00:30:37,279
this is a little bit from the Seinfeld Show of

487
00:30:37,720 --> 00:30:43,839
Frank Costanza, who is the guy behind the movement of Festivus.

488
00:30:44,000 --> 00:30:45,960
Speaker 9: Many Christmases ago, I went to buy a doll for

489
00:30:46,039 --> 00:30:49,240
my son. I reached for the last one they had,

490
00:30:50,000 --> 00:30:54,240
but so did another man. As I rain blows upon him,

491
00:30:54,279 --> 00:30:57,279
I realized there had to be another way that happened

492
00:30:57,319 --> 00:31:01,200
to the It was destroyed, but out of I know

493
00:31:01,359 --> 00:31:04,960
holiday was born. You get your family around and tell

494
00:31:05,039 --> 00:31:07,920
them all the ways they have disappointed you over the

495
00:31:08,039 --> 00:31:10,480
mess of year, and is there drink No? Instead, there's

496
00:31:10,519 --> 00:31:14,960
a pole requires no decoration. I find tinsel distracting.

497
00:31:15,519 --> 00:31:18,440
Speaker 1: I thought, I'm sorry, everybody's humor is different. I thought

498
00:31:18,440 --> 00:31:21,920
that was hilarious. So they, Yeah, they have a family

499
00:31:21,960 --> 00:31:25,440
dinner where the head of the family tells everybody how

500
00:31:25,559 --> 00:31:30,119
disappointed this family was to him and the metal pole

501
00:31:31,000 --> 00:31:33,599
not a Christmas tree, a metal pole. And then they

502
00:31:33,640 --> 00:31:37,119
have feats of strength where you're supposed to arm, wrestle

503
00:31:37,200 --> 00:31:40,000
or fight or box or do something at the dinner table.

504
00:31:40,920 --> 00:31:46,839
So it was all because of the commercialization of Christmas.

505
00:31:47,519 --> 00:31:51,000
The one guy who has taken this to another different

506
00:31:51,079 --> 00:31:56,920
level is Rand Paul, and Ran Paul likes to come

507
00:31:56,960 --> 00:32:01,160
out every year. There was a set from Oklahoma who

508
00:32:01,160 --> 00:32:03,279
passed away, but he used to do this every year

509
00:32:03,319 --> 00:32:07,119
about wasteful government spending. So Ran Paul picks it up

510
00:32:07,119 --> 00:32:09,960
and talks about how disappointing he is and what Congress

511
00:32:10,039 --> 00:32:16,039
is doing unspending. So here's the report. I mean, it's

512
00:32:16,200 --> 00:32:18,680
very long, but I will read just a little bit

513
00:32:18,720 --> 00:32:22,039
of it to you. He says, Happy Festivus. How is

514
00:32:22,079 --> 00:32:26,000
twenty twenty five? It's nearly over. What a year it's been.

515
00:32:27,480 --> 00:32:32,079
So much has happened since last year's Festivus report, Katie

516
00:32:32,119 --> 00:32:35,400
Perry went to space. We all found out nothing beats

517
00:32:35,480 --> 00:32:39,799
Jet two. Holiday, the wicked press tour flooded our feeds,

518
00:32:40,240 --> 00:32:43,759
the Pope is now an American, and SNL turned fifty.

519
00:32:44,960 --> 00:32:48,559
And of course, because highlighting waste is a year around endeavor,

520
00:32:48,720 --> 00:32:54,000
my committee conducted effective oversight using aid. USAID is reckless

521
00:32:54,000 --> 00:32:57,279
spending and even hell to hearing on it. So he

522
00:32:57,359 --> 00:33:01,680
talks about the national debt has reached over thirty six trillion,

523
00:33:04,720 --> 00:33:09,759
from a twenty billion dollar bailout to Argentina to continued

524
00:33:09,839 --> 00:33:16,359
funding for global health programs through waivers, Washington finds a

525
00:33:16,400 --> 00:33:20,519
way to keep the cash flowing for the first time

526
00:33:20,519 --> 00:33:28,000
in fifty years. President Trump deployed a pocket recession, canceling

527
00:33:28,119 --> 00:33:32,759
five billion in foreign aid. It's a good start, It's

528
00:33:32,799 --> 00:33:36,359
just a drop in the bucket. Congressional Budget Office prediction,

529
00:33:36,440 --> 00:33:40,000
we will add an average of twenty four trillion in

530
00:33:40,119 --> 00:33:45,599
debt annually for the next decade. The government will add

531
00:33:45,599 --> 00:33:47,920
over six billion of debt every single day for the

532
00:33:47,960 --> 00:33:53,000
next ten years, seventy five thousand dollars per second. And

533
00:33:53,039 --> 00:33:55,359
he goes on to talk about all of this. So

534
00:33:55,440 --> 00:33:57,480
he says, I have plenty of bones to pick with

535
00:33:57,599 --> 00:34:01,920
reckless federal spending, and now you're going to hear every

536
00:34:01,960 --> 00:34:06,079
one of them Happy Festivus. It goes down a list

537
00:34:06,319 --> 00:34:11,039
of TikTok therapy. Department of Health and Human Services spending

538
00:34:11,400 --> 00:34:16,400
one and a half million on innovative multi level strategy

539
00:34:16,519 --> 00:34:22,960
to reduce drug use in LATINX communities using celebrity influencers.

540
00:34:23,519 --> 00:34:26,000
State Department gave two hundred and forty four thousand to

541
00:34:26,079 --> 00:34:30,800
Stand for Peace in Islamabad to produce a television cartoon

542
00:34:31,119 --> 00:34:35,400
that teaches kids in Pakistan how to fight climate change.

543
00:34:35,599 --> 00:34:38,639
Department of State spent one and a half million to

544
00:34:38,719 --> 00:34:45,039
promote American films, television shows, and video games abroad Weight

545
00:34:45,119 --> 00:34:49,159
Loss HHS is spending one point nine million on hybrid

546
00:34:49,400 --> 00:34:57,960
mobile phone intervention This domes I'm sorry, Doom Scrolling Studies

547
00:34:58,239 --> 00:35:00,920
AHSS is giving two point nine milli million to the

548
00:35:01,000 --> 00:35:04,920
University of Michigan to study the effective screen time on

549
00:35:05,039 --> 00:35:10,440
parent child relationships. USDA spent one hundred and forty one

550
00:35:10,480 --> 00:35:14,119
thousand to create a resilient and equitable local food network

551
00:35:14,559 --> 00:35:21,039
that prioritizes culturally relevant food for low income LGBT people

552
00:35:21,079 --> 00:35:25,440
of color from the Bronx in Brooklyn. It goes on

553
00:35:25,159 --> 00:35:28,760
and on and on. You can google it for the

554
00:35:28,840 --> 00:35:33,760
Festivus report from Rand Paul. The other report we have

555
00:35:33,920 --> 00:35:38,119
for today is, of course the folks on Wall Street.

556
00:35:38,480 --> 00:35:42,079
Full day of trading today Tomorrow not so much. Market's

557
00:35:42,079 --> 00:35:45,880
going to close at one o'clock Eastern time. But today

558
00:35:45,880 --> 00:35:49,840
the market did go up seventy nine points. The now

559
00:35:49,880 --> 00:35:52,880
at forty eight thousand and four forty two, the S

560
00:35:52,960 --> 00:35:56,400
and P up thirty one points. This is a new

561
00:35:56,480 --> 00:36:02,480
record high at six thousand and nineh nine. Nazdak up

562
00:36:02,480 --> 00:36:06,159
one hundred and thirty three. Gold was up fifty dollars,

563
00:36:06,400 --> 00:36:10,480
new record four thousand, five hundred and nineteen dollars fo

564
00:36:10,519 --> 00:36:14,039
an ounce of gold and oil up fifty cents now

565
00:36:14,079 --> 00:36:17,639
at fifty eight dollars and some change for a barrel

566
00:36:17,639 --> 00:36:22,320
of oil. Thank you for coming by today. We will

567
00:36:22,360 --> 00:36:26,159
be here again tomorrow. We'll have a special edition. Salty

568
00:36:27,320 --> 00:36:30,480
is going to stop by, and no we don't have

569
00:36:30,559 --> 00:36:34,199
Santa Claus. We got Salty. Give us a Christmas Eve

570
00:36:34,239 --> 00:36:37,440
show tomorrow. Thanks for coming by today. Hope to see

571
00:36:37,480 --> 00:36:41,679
you again tomorrow