Speaker 1: And hello, welcome, welcome one and all through the Big
Podcast on this first day of July, Year of Our Lord,
twenty twenty six. My name is Tom Sullivan. Well we
certainly first half of the year went by pretty quick
for me, I hope. I don't know if it did
for you. But here we go second half of the year.
And one of the things about it continues is that
the establishment Democrats are being picked off. Another one last
night by the Democrat Socialist of America. This one is
the case out of Colorado and malt Kiros, twenty nine
year old woman PhD. And she was born and I
believe Egypt and her parents immigrated when she was a baby,
well educated, and yet she has become the young face
of the Democrats socialist, and she.
Speaker 2: Took on.
Speaker 1: A congresswoman to get who has had fifteen terms, thirty
years in Congress, and they picked her off and easily
won my lot. Kiros won easily last night in Colorado.
So Alex Thompson, who is with Axios, does a great
job and he basically outlined what's going on right now
with the Democrats.
Speaker 3: I mean may not see it everywhere, but I would
keep an eye on Michigan with their primary and August
she have abdul lsa ed A, you know, a progressive
insurgent that is very competitive in that Senate primary. I'd
also just want to add that, you know, I think
it's something to just make this about democratic socialism versus
capitalism or progressive versus moderate, but some of this is
also just insider versus outsider.
Speaker 2: It's complacency versus urgency.
Speaker 3: And what you are seeing is a new generation of
democratic politicians, democratic socialists that are just tired with the
status quo and are tired of the democratic establishment, that
are disillusioned with the democratic establishment that let Donald Trump
come back to a second term.
Speaker 2: And you know, a.
Speaker 3: Lot of this you blowback is because Donald Trump won
a second term. That, in the eyes of some voters,
is what has discredited and you know, led to this insurgency.
Speaker 1: So the excuse is Donald Trump won and we're mad
about it and we're going to do something about it.
And they keep blaming the Democrats that are office holders
for not fighting better against Donald Trump. But I mean,
I'm not I'm not sticking up for the Democrats, but
I mean, give them a break if they don't have
a majority in the House or the Senate, and they
don't hold the White House. The Republicans do. So as
much as you may feel sympathy for you may be
a lifelong Democrat, there's nothing they could have done. They
are outnumbered, as simply math. There's more Republicans in the
House and the Senate than there are Democrats. But they're
blaming the Democrats for not doing something against Donald Trump.
Speaker 2: Absolutely.
Speaker 3: You know, as midterms get closer and Republicans are more
and more scared of a potential blue wave or losing
their seats, you know, they're going to start looking at
you know, looking after number one.
Speaker 2: They're not going to necessarily vote as a block.
Speaker 3: They're not going to take tough votes anymore if they
think that they're going to get hurt. And Donald Trump
hasn't helped them because Donald Trump has not been on message.
Speaker 2: He has not been.
Speaker 3: Talking about affordability and the way a lot of Republican
leaders would like. He seems to not be as interested
in domestic political matters as he is international ones, and
that has really frustrated a lot of Republicans.
Speaker 2: Who now aren't willing to just go along on the
party line.
Speaker 1: I predicted that months ago, I said, wait, wait till
the primaries are over, and then the Republicans will stand
up and stand up for whatever they believe in, whether
it's in agreement with the president or not. But meantime,
if you're a Republican, Donald Trump has so much influence
other with the Republican voters that you either win along
with him or you're going to lose your seat. And
a number of them have. So it really does come
down to I know that the Democrats don't like it,
a lot of Republicans don't either, but the president is
probably the most powerful president when it comes to Washington
politics that we've had in a long long time. Or
as he says, that you'll ever see the way he
expresses things. But listen to this, and again, I think
Alex Thompson is a great reporter. He really gets has
some good sources. But he found out that Kamala Harris
is she's sticking more than one little toe in the
water to run for president again in twenty twenty eight.
She's been in touch with Mayor ma'am Donnie. Yes, she's thinking, Hey,
the Democrat Socialist are on the winning side here. Let
me see if I can buddy up with him, listen
to what he says.
Speaker 3: It's the latest sign that she is taking steps toward
another presidential run, this time in twenty twenty eight. It's
also a sign of what we were talking about before,
of the rising influence of this generation of democratic socialists progressives.
What Kamala Harris did is she called Ramandani last Thursday.
They'd been having a texting relationship. I've been told the
last few months. They talked about the future of the
party and they toked about having a much longer meeting
in the near future.
Speaker 2: And also say that she has been meeting with a.
Speaker 3: Lot of the leaders of what was called the Uncommitted
Movement or these propal signed activists in twenty twenty four
that were disappointed, in some cases furious with the Biden
adminstrations reflectively pro Israel's stance during the Gauz of War.
Speaker 2: I'm ultimately declined to endorse in.
Speaker 3: The twenty twenty four primary, didn't endorse Trump, and you
rejected Trump. But you know, I think a lot of
the people of those movement were disillusiing with Kamala Harris too,
So she has been privately meeting with several leaders of
that movement to hear them out, to potentially repair ties
and to try to find a path forward.
Speaker 4: Well she does.
Speaker 1: This doesn't surprise me. She doesn't have any vision, she
doesn't have a belief system. She just goes with whichever
way the wind is blowing. And so she is now
going to try to link herself up with the Democrat socialists,
going on me too, look at me, I'm one of you,
so vote for me. She thinks that will get her
a successful presidential run. I highly doubt it. The President
was asked about it, about all these Democrats socialist winning.
The list is getting quite long. There are twenty seven
far left Democrats that have won their primaries this year,
twenty seven. And so that's why Kamala Harris is doing
what she's doing. But the President and JD. Vance both
weighed in on what they're seeing.
Speaker 4: Speaks to thak from that to a nation actually, because
it's not socialism, it's really communism. They use it a
social democrat because it sounds so nice, but it's really
communism you're talking about.
Speaker 5: This is not working class union democrats.
Speaker 6: This is not socially conservative people who just want to
fair shake at life. This is fundamentally a view that
the United States is an evil country that must be
dismantled from the ground and built back up.
Speaker 5: That's communism at its core.
Speaker 1: Communism its corps is the state owns everything, there's no
private ownership. So it really does fit under Democrats socialist terminology.
But it's a kissing cousin, a very close kissing cousin too.
To communism, there's no doubt about all of that. Well,
before we move on to the next topic, I just
got to play this for you.
Speaker 5: This.
Speaker 4: This is.
Speaker 1: The acceptance speech for winning the primary in Denver. Yes,
last night a lot heiros the Democrat socialist and just
I'm sorry. This is how she sounds when she's giving
a speech.
Speaker 4: Of all ages, of all laces, of all religions, sens
a Creo message. We will not right, we well not
right to take the fight. This is a mooning.
Speaker 1: Yeah, that was her. I don't know, maybe she hasn't
taken need some lessons on not screaming when she's giving
a speech, but that was her and hopefully we'll find
out if she's successful in November. She probably will be.
It's a big Democrat district, so stand by for more
shouting from this new mellot Heiros a little reaction to
yesterday's Supreme Court rulings are done for the year, so
they're off to the beach and along with a lot
of other people hot here in the eastern part of
the country. So reaction coming in specifically about the Court
saying no to the president about birthright citizenship, that the
fourteenth Amendment is exactly what it says, that if you're
born in the United States, you are a US citizen.
Jim Trusty, former federal prosecutor, reacted to some of the
news that even though the court said that if you're
born in the US, you're going to be a citizen,
there's a question about fraud involving these birth tourism companies
from all over the world, primarily China and Russia, that
charge their citizens lots of money pregnant women to come
to the US have a baby, and they they'll put
them up, they'll align them with doctors, they'll figure out
the hospital to put them in. It's a big business,
I mean, so the question becomes, well, how big is
this problem? Well, last year, nine percent of babies born
in the US were born to non citizens. Nine percent
that's a lot. Here's Jim Trustee.
Speaker 7: Yeah, if they're aggressive enough at DOJ, they might be
able to build together some cases that involve the tourism industry,
not just the individual mothers as being aiders and the vetters,
to visa fraud and things like that. Look, it's going
to take a little bit of creativity, but I don't
think it's impossible. I think you look at the visa process,
you look at statutes that will kind of narrow the
types of folks that are allowed to be eligible, and
then you go hard for both the mothers that come
in and anybody that's aiding and a betting him. The
problem is on these international cases it's very hard to
get cooperation from the host country when it's China. So
you're not going to be able to get kind of
the record keeping, the financial things and all the records
you want in a normal international case.
Speaker 5: But there's room to work here.
Speaker 7: And then again, importantly, it's not just the individual prosecutions,
but deterrence over the long run.
Speaker 1: So the governor of Illinois who is checking the water
to see if he wants to run for president, he
wants to run, he's just checking to see whether he
has a chance, Jbi Pritzker, And obviously he thinks having
these birth tourism operations and people coming into this country
and be paid to have their babies here for the
purpose of getting that citizenship. Pritzker, Well, I'll let him
talk for himself.
Speaker 8: They want to try to do it, they're going to
have to pass a constitutional amendment to make that possible.
Speaker 5: I just don't see that happening.
Speaker 8: Going into the wind has absolutely no effect, and the
reality is that it's very unpopular. So if they go
after it, I think it's a good political sign for
Democrats of things to come.
Speaker 1: All right, So he thinks that politically it will win.
If for some reason the government tries to stop these
birth tourism companies, we'll see. Well, there was quite a
hub up today because of the fact that the twenty
twenty five government filings about income for political officeholders was
revealed and the president made more than a billion dollars.
Some reports are saying maybe more than two billion dollars
last year. Five hundred and twenty six million of it
came from crypto, his crypto business, which he and his
boys have made a ton of money. But the investors
in his crypto business have pretty much lost everything that
they put in, So what about this?
Speaker 4: He was asked.
Speaker 1: Today at Andrews Joint Base. They were ready to take
off for South Dakota. He went to the Teddy Roosevelt
Presidential Library. He cut the ribbon to open that today,
but before he left, he covered a lot on the
apron of the airport. They started off about Air Force one.
He has the guitar airplane that was a gift from
the emir four hundred million dollar gift. They've spent four
hundred million more to get it security wise good enough
for the President to fly on. He had it repainted
in red, white and blue, which I don't like, but
he does, and so we'll see what happens in the future.
This is a temporary fix until Boeing completes the construction
of two new Air Force ones, which will be two
years down the road. But he was asked about the plane,
and he was bragging him happy. He loves the plane
because it was built as a luxury private jet originally.
So it is appointments are pretty darn upscale, let me
put it that way. He was asked about oil prices,
gas prices, about his investments, that are in a blind trust.
So he talked about built POLTI so let me play
a little bit of what he said on the apron
of Andrews Air Force Base.
Speaker 4: I said, Devoeing, what's the best one? He said, this
is the best plane ever filt and you're gonna have
the privilege of flying it, and I have a privilege
also flying it. But this is the first flight. We're
going to the Teddy Roosevelt Presidential Library opening and that'll
be very good. That'll be a lot of fun. But
I think, you know, to be honest with you, I'm
excited about the first way. It's something nobody's ever seen
anything like him. Even you people with all your experience
and all of your talent, if you will never see
anything like this. So they just completed it. They made
it appropriate for a president. That means the security and
all of the different bells and whistles they've put on
very complex, but it's really quite something. And this is
a plane that the United States of America should have.
Our air Force one was thirty five thirty six years old,
and it would be parked next to the new ones
like this, and it really didn't look appropriate for our country.
So we're very proud of this. The country is very
proud of it. And you can do two things. You
can low key it or you can show it. And
I think the country should be very proud of it.
And it's beautiful. And you'll see that in a little
while when you board as far ass are going. The
de new nuclearization of Iran is moving along well. They've
had very good meetings and we'll see. We hit them
very hard for three nights, as you know, but we're
getting along very well. So I call it the denuclearization,
and it's all taking place. It's all going well. The
sock market is setting records virtually every day. The oil
price is way down. We're down at sixty eight. I
see it hit sixty eight today. That's lower than when
I started the UH. I guess you could call it
an attack on Iran so that they never have a
nuclear weapon. So the oil price is now lower. The
retail prices the gasoline is coming down rapidly, and if
you have any questions, let's go.
Speaker 1: Yeah, so we take a bunch of questions and we'll
play some of that for you as well. And that
is so much a comment. The President's comment about the
plane and how it looks on when it's park next
to other plane. Every pilot that I know has a
thing about this about how your plane looks versus the
others that you're part next to at the airport. Is
it bigger, is it shini or is it newer? All
that sort of stuff. I kind of had to laugh.
As far as gas prices go, yeah, West Texas Intermediate.
The day before the war started with Iran, it was
at sixty nine dollars. It had been down to sixty
but it was at sixty nine the day before because
people were worried that there was going to be a
war breaking out. But he's right, So today it went
down into sixty eight, so it's technically a little bit
below that. But then they got started questioning him about
all the money that he is making, and he refers
to reporters and your four toh one k you'll hear
him say, it's up eighty five percent. No, no, there
might be a couple of stocks that are up eighty
five percent. But that the second quarter of the year,
the Dow was up thirteen percent, the SMP was up
fourteen percent, the Nasdaq was up nineteen percent. So that
was Donald Trump. He just gooses all the numbers to
make him sound even better. But the market did very well,
but not eighty five percent. Here's here's the reporters asking
him questions about all of his investment.
Speaker 2: Money create the plane.
Speaker 4: It was very little relative to what it would cost it.
We did it in a different way. So this was
a gift from a country that's treated us very well.
And there were an ally of us over in the
Middle East guitar and I went to Boeing, I said,
who has the best one? They said, guitar there. Nope,
there's never been a plane like it. Frankly, we couldn't
build a plane like this because we wouldn't be willing
to spend a kind of money necessary. They spent top dollars.
So the head of Boeing said, this is considered the
best seven forty seven they've ever built. And I went
to Quitar, I said, I'd like to use it for
a period of time because the other ones, as you know,
are under construction. They'll be here in two years. And
because you know, the plane is thirty five years old.
So I said, I'd like to use it. And the
Emir to me, who's a great gentleman. He said, no, no,
I'd like to make a contribution to the country. So, uh,
it was very nice and we're able to do it
in about five months, you know, bring it up to
the presidential standard meeting security wise, and uh, you need
to get it. You're gonna get a kick out of him.
There's just nothing like you and.
Speaker 9: Mister president, you're miinanteled the sloganer so it spread a
fairy rid of your last Europe and that's what they
said the average America especially, Well, I.
Speaker 4: You know, I don't get involved in my first We
have funds that run my money. Well, I've made a
lot of money before I became president, and they invest
my money and I don't talk to them. I never,
I don't even speak to them. So I have many
people I don't know what they call it closed accounts
or something you put your money in. And that said,
I don't talk to them. They're big institutions and they
run it. But yeah, I've had a great career in business.
I've had a great career. I don't know if I've
had a better career in politics or business, but I
had a great career in business. And you know, you
saw the cash and you report the different things. And
what they do is we gave it. I think it's
called the blind account, but they basically they take it
and I purposely I never speak to any of the
people that run the money, but there are big institutions
and they invest in whatever they invest good money. Well,
you know why I'm profiting because the sock market's going up.
Everybody's profiting. If you have a four to oh one K,
how's your four oh one J done? It's about up
eighty five percent, thank you, President Trump. So we're all profiting.
I'm profiting because I have a lot of money and
a lot of cash, and we I give it to institutions.
I don't know if they know what they're doing or not,
but they buy a vast array of things. Secretary Hegsas
and General Kin about potentially returning to an all out
war with Iran. Does this mean you've been unhappy with
Iran's adherence to the MoU Well, I think they've come
a long way. We hit them very hard last week.
I think they're fine. I think we're going to it's
the de nuclearization of Irans very similar, and Iran cannot
have a nuclear weapon otherwise all of this stuff that
we look at, all of these things that we do.
The country's never had activity like it scott right now.
So we're building more factories, in car plants and other things.
We went for years without ever building one car plant.
Now we're building many car plants. We're building ai we're building,
we're building all over the country. Nineteen point one trillion
dollars being addressed. The record was like two and we've
got nineteen point one and it's going to continue. And
when those buildings open, you're going to see something like
the country has never seen before. That's why the sock
market's going up every day. That's why you're four to
oh one k because everybody benefits when the stock market
goes up, everybody benefits. More jobs, more everything, and we're
creating more jobs. We have more people working today than
have ever worked in the history of arfauntment. That's great,
and that's before these places open. They'll be opening up
over the next year. And we have them coming into Taiwan.
We have from Taiwan. We have more chipmakers and the biggest,
the biggest company of the world actually the chip baker,
but they're coming in, they're building in Arizona, and they
just announced they're going to double the size. We could
have fifty percent of the chip market by the time
I leave office. Do you know what we had now?
Speaker 2: Nothing?
Speaker 4: And then I got as a gift, another gift. I
said to Intel, give the United States of It. They
needed something, they needed some help. The chip baker said,
give the United States of America. I'll do it for you,
but give the United States of America ten percent of
your company. He said, you have a deal. He said
it so fast. I said, I should have asked for more,
but he said, you have a deal. And that stake
is now worth eighty billion dollars. I made eighty billion
dollars for the country in eight months. Does anybody talking
about it? No, have a good time, have a good plate,
enjoy the plane.
Speaker 2: It's perfect.
Speaker 9: Real quick quick question got d and I Pulty over
there as the new director. We also know you have
the task force set up on declassification, baby, looking talking
about international maybe looking at some declassification. Are you able
to give us an update on.
Speaker 4: Declassify almost every and you know, by the way we
have Jay Clayton is going in. You know, Bill Pulty
is a very talented guy, but he's just there temporarily
until Jake Clayton and Jay Clayton is going through the process.
And Jay clay highly respected, and so is Bill Culty.
But Bill is there just for or a fairly short
period of time. But while he's there, I said, you
can declassify whatever you will do.
Speaker 9: You think we're going to get something soon or maybe
twenty I told him he can do it this.
Speaker 4: You gotta ask him, all right, But uh, I think
he's a friend of yours. I think that I think
that Bill will de bless him. You. I told him,
you can deplassify whatever you want. So Bill's there just
you know, for maybe a month or two months or something,
and Jay is going through the process. He's got a
hearing in two weeks. Highly respected man, Jay Clayton, thank you,
all right.
Speaker 1: So that's what happened with the President today before he
went to South Dakota. I disagree with him on Bill
Poulty being highly respected. Jake Clayton, yes, highly respected guy,
but not Bill Poulty. But Poulti's they're doing what he's doing.
So meantime, speaking of the economy, gas prices, Hey, California,
congratulations your prices went up again today. Why because on
July first, California raised their gas tax by two point
something two cents and some change. So it's now the
state of California. Why gas prices are so expensive there
is because it's the highest taxes in the country. This
brings the taxes up to sixty three cents per gallon
for a gallon of gas in California. So it's a
law that they passed a few years ago to automatically
adjust the gas prices the gas tax because of inflation.
So that's what's going on in California. Their prices are
actually higher. So speaking of money, let's take a quick
look at Wall Street. Kind of a mixed market down
on those stocks, down thirteen on the Doubt at fifty
two thousand and three h five. That's coming off the
record high set yesterday. The S and P down sixteen,
the NASDAK down one hundred and seventy three. Not a surprise.
The first day of a quarter, a lot of Wall
streeters unwind the trades they had for the end of
the previous quarter to kind of window dress everything in
their portfolios. So now they unwind some of that on
this first business day. Of the third quarter, as far
as gold prices, up thirteen dollars to four fifty one.
In oil, as the President said, down another dollar and
some change, down to sixty eight dollars for one barrel
of oil. So that's it for today. Thank you for
coming by. We will be back again tomorrow. I hope
to see you then