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Speaker 1: And uh, hello, how are you welcome to the big podcast?

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What today we're already having We're in the middle of

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the afternoon recording this, and I'm looking at all the

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business about Vice President j D. Vance and Steve Whitkoff

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and Jared Kushner. They were going to be going to Pakistan.

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They're going to have a meeting with the with the Iranians,

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and the Iranians were saying, yeah, we're going, and then

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then we're out, Well, we'll let you know. We're trying

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to come up with a final decision on new Talk.

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So that was kind of iffy, and so the President

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and his team went to a high level meeting at

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the White House around noon. Now, again, for Air Force

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two to fly to Pakistan, they can't make it on

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one tank of gas. They've got to stop in Germany

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and fuel up. And so that whole trip is about

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an eighteen to twenty hour trip, depending upon the winds.

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It's a long trip. So if they're going to go,

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they'd better get going. And everybody they had reporters watching

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to see what was where Vance was going to He

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stayed at the White House, so he didn't leave, not

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at all. And this is typical of the Iranians. They

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try and delay and string everything out, make it just well, go, yeah,

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we'll see that, we got to go check on something.

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We will be back in two weeks. They keep that

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sort of thing going. But Iran has a vote here,

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and if they don't want to be bombed, they would

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try to do play along at least with the meetings.

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But they are looking like they're not going to the meetings,

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so it's it's still to be determined. As far as

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the blockade goes. It's working. I mean, we turned twenty

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seven ships around. Chris Murphy, the Democrat from Connecticut. He

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used to be a fairly moderate Democrat. He seemed like

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a semi sensible guy, but he has been itching to

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run for president. He doesn't have a prayer, but he's

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acting strange. He's acting weird, I mean literally now in

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order to be all excited about things. His head bobbles.

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He's like one of those heads, like a bubble doll. Anyway,

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but he's not making any sense. And he sent out

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a tweet something about awesome that twenty six ships got through,

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and nobody knows about those twenty six ships, but it

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sounds like he's cheering for Iran, so he got a

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lot of pushback. Came out with a tweet later that said,

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don't you understand sarcasm, not your senator, you're acting strange.

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So we have rated forces of landed on a ship

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that had Iranian oil and it was set for China.

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Now I'm not sure if it's the same ship or

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another one, but they also boarded a sanctioned vessel. I

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think these are two different vessels. This one was in

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the Indian Ocean. Yeah, that's quite a way away from Iran.

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But Admiral James Stravitas, who knows about all things on

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the water, was asked about capturing these ships so far away.

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Here's the Admiral.

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Speaker 2: Indo k com is all of what we think of

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as the Pacific and then it goes into the Indian Ocean.

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So think the tip of India that stretched to water

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from there back to the Strait of Malacca and the

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whole Pacific. It's enormous. It's perhaps forty percent of the

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world's surface. It's a huge area. So why would we

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be intercepting a ship way out there? And the answer

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is that type of blockade we have put in place

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is what's called a distant blockade, meaning we're not cozyed

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up to each individual Iranian port. Rather, we're looking globally.

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Most of the action is happening just south of the Strait,

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but we can take down legally under international law with

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a stated blockade, any vessel that is headed to or

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from Iran. So that's why it's occurring tactically. And then

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final think strategically why it's part of tightening the noos

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economically around Iraq to try and choke off their economy

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and ring concessions from them at the bargaining tape.

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Speaker 1: So even though the ship was far away from Iran,

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we have our intelligence people, our satellites are watching these

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ships as they leave Iran if they have already left,

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which this apparently was, And the admiral says, yeah, the

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intelligence really gives us the upper hand.

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Speaker 2: Absolutely right. And again it can feel counterintuitive. Why are

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we taking down this ship so far away from the

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straight you're showing And the answer is because we have

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intelligence that it is moving toward or from Iran. Therefore

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it falls under a legal blockade, a distant blockade, one

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that can operate anywhere in the world. If you're in Tehran,

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that's got to worry you in terms of your economy.

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Speaker 3: That's the idea.

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Speaker 1: So it will worry the leaders in Tehran. But are

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they that worried about the economic pressure that is being

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applied to them?

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Speaker 2: Well, there's the question of the day, the question of

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the week, and really the question of the war. Will

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this pressure both epic fury alongside economic fury? As the

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White House is caught it, will those two things come

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together to force the Iranians to take a deal. I

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think there's a two and three chance it will. If

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I'm in Tehran, I'm kind of running out of cards

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to play two and three chants will get to a

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deal in the next few days. The administration certainly thinks

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that if they consummate sending the vice president. So that's

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the good news. Here's the bad news. That means a

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one in three chance wheels come off, the deal straight

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stays closed. Iran becomes complete, completely updured about the nuclear material,

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we break down talks and we start striking them again.

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That's a one in three chance. Let's hope the better

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angels prevailed here.

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Speaker 1: Yeah, let's hope for the better angel But at the

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same time, these talks in Pakistan are very tenuous. The

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Pakistani's are ready, they have big security wrapped around the

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area where the meeting is going to take place. But

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Ron says again that they have made no final decision

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about about the talks, and it will take almost a

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day for the Vice President and his team to get there.

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So it's looking very uncertain whether that's going to be possible.

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And if it's not possible, when do the drop do

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the bombs start dropping? Again, here's Beth Sander. She was

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a deputy d and I Director of National Intelligence, so

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she knows these people. She knows them very well. And well,

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let's listen to what she thinks about all of this

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stalling technique.

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Speaker 3: Yeah.

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Speaker 4: I mean, I think this is in incredibly difficult moment.

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And if I were sitting in the sit room as

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the intelligence advisor with this team, it would be a

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difficult moment right now because I think that the administration

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is taking a stance which is understandable in a lot

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of ways, but it is kind of counterproductive with the

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group of people who are in charge of Iran, and

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while they don't want to go back to war, they

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are willing to call the president's bluff in order to

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get the United States to back down, and as the

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key thing right now for them is they need some

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relief on this blockade and they want that relief. And

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so there were kind of in a game of chicken

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right now, and it is I feel like for the administration,

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we're in a rock and hard place position.

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Speaker 1: Well, she called it out, she said, we're kind of

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in a game of chicken. And while we are recording

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this breaking news, this is untrue social This is the

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president at four to nine pm Eastern time, and he

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says a statement of President Donald J. Trump, based on

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the fact that the government of Iran is seriously fractured,

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not unexpectedly so, and upon the request of Field Marshal

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Assim Manure and Prime Minister Shabaz Sarif of Pakistan, we

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have been asked to hold our attack on the country

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of Iran until such time as their leaders and representatives

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can come up with a unified proposal. I have therefore

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directed our military to continue the blockade and in all

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other respects remain ready and able, and will therefore extend

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the ceasefire until such time as their proposal is submitted

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and discussions are concluded one way or the other. President

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Donald J. Trump. So there you go. They they called

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his bluff. She said it was a game of chicken,

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and the Iranian leaders were rolling the dice. They must

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have had great discussions about this in Tehran, going well

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do we do we cave or do we not? Or

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do we stand here and see if we can bluff

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the president? And that's what they chose, and the president caved.

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He just gave in. The Iranians win. And so this

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is until what what did he say? Until they come

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come up with a unified proposal. They're not unified. Let's

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go back to Beth Sander who talks about them. She

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knows them that there are no unified proposals on anything moderate.

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There's no moderates. They're all a bunch of hardliners. But

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they're just rain with each other. So this will turn

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out to just continue on and continue on, and will

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it become.

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Speaker 5: A forever war.

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Speaker 1: It's starting to smell like that.

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Speaker 4: I feel like that is a little bit overplayed. I

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think that there are divisions within the IERGC. You know,

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there certainly are folks who are more pragmatic and folks

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who are even more hardline, But there are no moderates

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here and The idea that politicians like the Foreign Minister

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are in charge of Iranian decision making is fanciful. It

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has never been the case in Iran, and it is

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not the case now after they have been at war.

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The IERGC is in charge, and the IERGC is making

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a determination about what the path forward should be. And

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certainly they are probably people who think like, yeah, we

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should probably negotiate a little bit more and spread this

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out and try to play with time a little bit more.

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And others who are saying, you know, well, look, you

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know the Trump administration is lying to us and saying

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things publicly that are not true about where our positions are,

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and they're seizing our ships. We've got to put our

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foot feet down. So I think it's between hardliners and

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more extreme hardliners, not between moderates and hard liners.

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Speaker 1: Look at she was the Deputy National Intelligence Officer, the

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DNI deputy DNI, so she knows who these people are.

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And she said, there are no moderates. But they're trying

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to figure out how to respond, And they were trying

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to figure out whether they could play Donald Trump. And

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I'm sure they had great discussions about do you think

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he'll cave do you think he'll cave, And they said, well,

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let's try, and he did. Like I said, I'm not

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a warhawk, but I mean you've got to draw a

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line in the sand and stick with it. He keeps

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changing his mind. Ah, here's what the President said about

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a deal with Iran just a couple of hours ago.

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Speaker 6: What I think is that we're going to end up

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with a great deal. I think it's got I think

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they have no choice. It is regime change, no matter

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what you want to call it, which is not something

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I said I was going to do.

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Speaker 5: But I've done it.

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Speaker 6: Indirectly maybe, but I've done it, and I think we're

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in a very strong negotiating position to do what other

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presidents should have done during a forty seven year period.

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Speaker 1: So he was on CNBC this morning. They asked him,

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are you sure that you're not going to extend because

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he was putting his foot down, we're not going to

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extend the ceasefire deadline, and this is how he answered it.

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Speaker 6: Well, I don't want to do that. We don't have

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that much time because by the time both parties get

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there is you know, they just got the okay to

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go forward, which I do. They were going to do anyway.

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I don't think that a choice they have to negotiate.

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And you know, the one thing I'll say is that

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Iran can get themselves at a very good footing if

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they make a deal, they can make themselves into a

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strong again, at wonderful nation again.

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Speaker 1: Apparently from again the people that really have studied this regime,

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they are not concerned certainly about their own citizens. They

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don't care they kill them anyway, They don't care about

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any of blown go ahead, blow our bridges up. All

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they're interested in is their regime survives. That is their DNA.

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Let's go back to Beth Center for one more from her.

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Speaker 4: It is regime survival, of course is the number one thing.

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And what they want to do is ensure that they

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have a deterrent in the future in order to prevent

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them from being attacked again so they can remain strong.

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So the idea that they're somehow putting economics ahead of sovereignty,

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ahead of their revolutionary ideology, I think is the wrong

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way to think about this. Yes, they want the strait

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to be opened, and they want the block that we

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are doing to stop, and that is what they're pressing on.

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But ultimately they want to make sure that they have

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the tools to deter us in the future. And what

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that looks like is ensuring that they can have sovereignty

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or control over the Strait, because that's the ticket, that's.

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Speaker 1: The economic ticket. But they are all about survival of them,

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of the regime. Nothing else comes close to that. So

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now what we have is facing You've got to go

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in and take out the regime. I'm sorry, but I

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know you're going to think I'm a terrible warhog. I

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don't know how you do that without sending boots on

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the ground. I don't know how we marched into Berlin,

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we marched into Tokyo, we sent troops into take over

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by and then putting the generals and everybody else in

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charge of the war on the opposite side, I put

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him in jail or we killed him. They're not talking

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about that. And it goes I go back to the

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Iraq War and when it first started, and there was

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one general after another that said, you can bomb until

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the cows come home, but you cannot take over a

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country by just airpower alone. You need the army, you

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need the marines on the ground. Taking over the government

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and arresting the regime arrest him otherwise this is going

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to go on. Well, what Donald Trump said he would

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not do forever. Okay, let's move on to something else.

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I am very disappointed in the extension of the ceasefire.

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Over and over. You can see him being played so obvious.

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We lost another member of Congress today. No, nobody died,

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nobody got hurt. This is Sheila McCormick from Florida. She

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was accused of taking five million dollars in COVID money

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and using it for herself personally and for her campaign.

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They've gone through the Ethics Committee and they have ruled

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against her. I think it was twenty six of the

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twenty seven counts against her. So the next step stop

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was the full floor of the House, and somebody did

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a whip count and found out that it takes two

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thirds of the floora of the House to expel a

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member of Congress. It's only been in six times in

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the history of Congress. So she was going to be

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number seven and lo and behold, she resigned this afternoon

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before they could hold that vote. Here's Manu Raju talking

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about it. He covers the Capitol.

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Speaker 7: Yeah, there's no question about it. She was facing a

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certain vote for expulsion from the United States, and that's

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only happened six times in the history of the House.

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And typically what members do is that they are facing

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the likeliood of being expelled for alleged misconduct, they resigned

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and give up their seat to avoid that outcome. And

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that's exactly what Sheila Turfalus McCormick just did because she

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decided to announce her resignation, which has just read on

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the House floor, because the House Ethics Committee was about

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to recommend what sanctions to move ahead with in the

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afroad of finding her guilty in its own investigation into

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misconduct largely involving her use of funds. There's allegations that

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she stole five million dollars and COVID relief money that

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diverting that to herself rather than it being used for

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its proper use. She has denied all of that, but

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she's being facing federal charges in that case. She has

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pleaded not guilty in the federal criminal case, but the

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House Ethics pro a separate investigative body here in the

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United States House, found her guilty on number of charges

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here about twenty five violations of various House rules and

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was expected to announce that she should be expelled, and

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if she were to face that recommendation, then there would

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be a vote in the full House, and you can

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bet that in that vote, there would be a very

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likely scenario in which it would surpass a two thirds

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majority in the United States House to kick her out

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from her House seat. So, facing all that, she decided

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to resign, and she put out a statement putting it

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out on social media saying that this was not a

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fair process. She said that she criticized the Ethics Committee,

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saying they refused my attorney's reasonable requests for time to

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prepare for my defense, and she went on to say

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that this should not have been going forward when she

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has fighting her own criminal charges. She said, she chose

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to step away so that she can devote my time

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to fighting for my neighbors in Florida's twentieth district. So

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she said, I hereby resign from the one hundred and

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nineteenth Congress, effective immediately.

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Speaker 1: So she squirreled out of the consequences of being in

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Congress and facing the Ethics Panel and being voted out.

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But she still has federal charges, so she still has

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to show up in federal court for stealing five million

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taxpayer dollars. I mean Walwell's the same. I means Walwell

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has got two criminal investigations going, one in Manhattan and

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one in Los Angeles, so he still has to possibly

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face a courtroom someday. So these people, thankfully are getting

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run out of Congress one by one. I was really

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taken by the hearing for Kevin Walsh for the new

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Federal Reserve Board chairman. It was fascinating. It's kind I'm

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interested in all that stuff. And Kevin Warsh, oh my gosh,

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what a super qualified guy. He has credentials that are

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impeccable and a long history. But it was fascinating to

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watch because the ranking Democrat on the Banking Committee is

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none other than Elizabeth Warren. And she never asked him

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one question about the economy, never asked him one question

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about the health of the banks in America, none of that.

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All she did was she called him names, She called

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him a sock puppet for Donald Trump. She focused on

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so much hatred on Donald Trump that had did Donald

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Trump ask you to do anything? Are you? Are you?

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And Donald Trump? And gohotes, is there any of your

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investments that you're required to sell. He's got to sell.

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He's very wealthy guy. He's got one hundred million dollars. Well,

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Jay Powell has twenty million, so he's no proper. But

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Kevin Walsh said that he had a meeting with the

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Government Ethics Committee and they went through everything, and he's

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going to sell one hundred million dollars of his an

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assets and put them in some sort of trust fund

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or something run by somebody else while he is the

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chairman of the Federal Reserve. If he is wins the nomination,

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he would win the nomination without any problem, except for

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Tom Tillis, the Senator from North Carolina. He thinks to

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Donald Trump, he's mad at Trump. He's resigning, by the way,

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So he's talking he's not an afraid Republican. He's talking

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about how Donald Trump is going after Jay Powell, the

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current chairman of the Fed, for overruns on the Federal

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Reserve building. We've talked about that at length in the past.

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So he says, look at you're just on You're just

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on a vendetta to get people that you don't like,

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and you don't like Ja Powell because Jay Palell won't

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salute you about you wanting to drop interest rates, and

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so you're going after him with this big investigation. Tom

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Tillis says, I'm not going to vote for Kevin Walsh

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or any other bad chairman until you drop this phony

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attack on Jay Powell. Well, Trump has not dropped the

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attack and Tom Tellis has not dropped the block. So

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they had their confirmation hearing today, but there's I don't

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know if they're going to have a vote, but everything

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is held up in the meantime. So Elizabeth Warren was

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way out of line and everything was all about Trump.

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Oh and also Epstein. Do you have any investments with

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anybody that did any business with Epstein?

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Speaker 6: You did?

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Speaker 1: You? She really did that. So John Kennedy, I'll play

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the whole thing for his five minutes of questioning. John

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Kennedy gets up there and it's his turn to quiz

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Kevin Walsh extra time.

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Speaker 3: Consider these five minutes of parliamentary in quirky or what's

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the sock puppet?

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Speaker 5: I heard the reference from Senator Warren.

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Speaker 3: Yeah, what is it?

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Speaker 5: I'm not sure I know. I think it's that thing

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you stick your hand in.

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Speaker 3: Yeah, kind of like this, Yes, what's a human sock puppet?

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Getting a human a sock puppet. Somebody will do what

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somebody else tells them to do.

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Speaker 5: I think that's what the Senator was trying to suggest.

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Speaker 3: Are you going to be Are you going to be

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the President's human sock puppet?

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Speaker 5: Senator? Absolutely not.

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Speaker 3: Are you going to be anybody's human sock puppe.

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Speaker 5: No, I'm honored the president nomin for the position, and

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I'll be an independent actor if confirmed as Chairman of

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the Federal Reserve.

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Speaker 3: My friend, Senator Warren and she has my friends, suggested

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that I wrote it down.

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Speaker 1: You will use your power.

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Speaker 3: You might use your power to bail out your friends

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if they get in trouble, kind of like President Biden

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did with a Silicon Valley Bank and a Signature bank.

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She didn't say the last part, I just did. Are

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you going to do that?

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Speaker 5: No, Sunler.

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Speaker 3: Okay. The ethics folks they've cleared you, but they said,

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you've got to sell some assets.

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Speaker 5: Is that right, yes, sir, okay.

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Speaker 3: And these assets that you have, you can't just hold

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a yard sale, can you not?

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Speaker 5: For most of them?

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Speaker 3: Okay? So it takes a fair a reasonable period of time, right, yes, yes, sir,

404
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And you're going You've promised to sell them, right I did.

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And if you don't sell them, will know and the

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ethics folks will know.

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Speaker 1: Right.

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Speaker 5: Yes, I'd be in violation of the Ethics Agreement if

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I refuse to sell them. But you're going to sell them, right, yes,

410
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Sunther I will.

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Speaker 3: Okay? Can we agree? Can we agree that politicians have

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the right to offer you advice about what to do

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with interest rates?

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Speaker 5: Sarah? We can agree, And it's not something that I

415
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would shy away from. I've heard many senators from this

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00:26:03,119 --> 00:26:06,720
very committee in years past express strong views on interest rates.

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Humble central bankers should be listening and then making their

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own decisions.

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Speaker 3: Some but some politicians matter more than others, and generally speaking,

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presidents matter. Their opinion matter matters more than say a Senator.

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President Trump has offered his opinion about what you ought

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to do with interest rates?

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Speaker 5: Is that right, Senator? He has not made his opinion

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on that a secret to anybody.

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Speaker 3: Yeah, and every president has that you're aware of. Yes,

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And they all tend to be in the same direction,

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Senator Kennedy, Okay. Now, the problem is, can we agree

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that your credibility as FID Sherman is the most important

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thing you have.

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Speaker 5: It's the most important thing to me. It's the most

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important thing the institution, and it's the most important thing

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to the successful conduct of policy. Yes, right, yes, Okay.

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Speaker 3: The problem is the President Trump has said he's not

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going to appoint anybody who wouldn't agree to lower interest rates.

435
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Have you agreed with the President that you're going to

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lower interest rates.

437
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Speaker 5: Senator, I'm glad you framed it that way. The President

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never asked me to predetermine, commit, fix, decide on any

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interest rate decision in any of our discussions, nor would

440
00:27:31,200 --> 00:27:32,559
I ever agree to do so.

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Speaker 3: So. The President has never set you down, looked at

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00:27:35,359 --> 00:27:38,400
you in the eye, and said, here's the deal, Scooter,

443
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I'm going to appoint you, but you got to agree

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to lower interest rates. That didn't happen, or did happen.

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Speaker 5: The President never once asked me to commit to any

446
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particular interest rate decision period, and nor would I ever

447
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agree to do so if he had. But he never did.

448
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I was honored denominated me like everyone else in the committee,

449
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in the world. I've heard his view on interest rates.

450
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It sounded very similar to me to every other president

451
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in economic history that I've studied.

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Speaker 3: Okay, I've got to. I've got one more question because

453
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I'm about to run out of my parliamentary inquiry time.

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I've heard your argument the last few months about artificial

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intelligence has made us so productive labor, labor so productive

456
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that that companies don't have to raise prices. Therefore inflation

457
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isn't isn't a problem, therefore rage can be cut. Do

458
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you really believe that right now?

459
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Speaker 5: No, that is not how I would characterize the story

460
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on AI.

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Speaker 3: Okay, but you've said what I just said, haven't you.

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Speaker 5: I have said that this is the most disruptive moment

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in modern economic history in the US and the world.

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I've said that artificial intelligence AI should.

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Speaker 3: Let me stop you fair is going to cut me off.

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Here's my worry that at a lot of this stuff

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about artificial intelligence making us more productive is a bunch

468
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of height by people who want to sell stock in

469
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an I p o. Okay, I'd be careful there, thank you, missus. Chairman.

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Speaker 1: So that was just part of the hearing went on

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for hours. But until Tom Tillis says he'll vote for

472
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the chairman, or until Donald Trump backs off on his

473
00:29:32,599 --> 00:29:36,599
legal attack on Jay Powell, we're just going to be

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in limbo, and then everything will come to a head

475
00:29:39,279 --> 00:29:44,319
in May when j Powell's chairman term expires, and will

476
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see what people do at that particular time. So in

477
00:29:48,400 --> 00:29:51,519
the interview that the President did with CNBC this morning,

478
00:29:51,640 --> 00:29:54,319
of course, they asked him about the FAED chairman. Here's

479
00:29:54,359 --> 00:29:54,880
his answer.

480
00:29:55,480 --> 00:29:58,759
Speaker 6: I think Kevin's great. He's really the central casting other

481
00:29:58,799 --> 00:30:00,440
two cents, Okay, I think he's going to do a

482
00:30:00,440 --> 00:30:02,759
great job. Yeah, if there's time for I've been I've

483
00:30:02,759 --> 00:30:06,759
been a favor of interest rates. Rate rises to stop inflation.

484
00:30:07,119 --> 00:30:09,920
I think it's sort of is effective. But there's one

485
00:30:09,920 --> 00:30:12,920
thing and you nobody ever talks about it but me, unfortunately,

486
00:30:12,960 --> 00:30:15,519
so I'm sure it's not correct, but I think it is.

487
00:30:16,079 --> 00:30:18,400
We should be we should have the lowest interest rate

488
00:30:18,440 --> 00:30:18,920
in the world.

489
00:30:20,039 --> 00:30:22,960
Speaker 1: We could, but it wouldn't make any economic sense right

490
00:30:23,000 --> 00:30:25,759
now I look at it. I've been very much a

491
00:30:25,799 --> 00:30:28,640
critic of Jay Powell being too late, So I agree

492
00:30:28,640 --> 00:30:32,039
with the President on his criticism. But if but if

493
00:30:32,039 --> 00:30:34,759
Trump wants the lowest interest rates in the world, guess

494
00:30:34,759 --> 00:30:38,119
what else goes down the value of the dollar. So

495
00:30:38,279 --> 00:30:42,160
for US companies doing business globally, it will make it

496
00:30:42,279 --> 00:30:46,359
very difficult in fact, maybe hurt their business substantially to

497
00:30:46,440 --> 00:30:50,240
do business internationally with the lowest interest rates in the world.

498
00:30:50,319 --> 00:30:54,319
So again, this will all come to a head next

499
00:30:54,359 --> 00:31:00,000
month when Jay Powell's term as chairman expires. Hello, Virgil,

500
00:31:00,200 --> 00:31:03,720
You've gone election day today and it's as there. We

501
00:31:03,759 --> 00:31:06,559
go around the country with all the states that have

502
00:31:06,759 --> 00:31:13,319
voted or are voting for redistricting, and in well, California's

503
00:31:13,319 --> 00:31:16,200
coming up in the first week of June. But Virginia

504
00:31:16,279 --> 00:31:23,119
goes today and Virginia has eleven congressional districts. If this map,

505
00:31:23,200 --> 00:31:27,160
this new map is approved by the voters, ten of

506
00:31:27,279 --> 00:31:32,839
the eleven will be Democrats. There will only be one

507
00:31:32,880 --> 00:31:36,519
Republican from way down in the southwest corner of Virginia.

508
00:31:37,559 --> 00:31:43,000
So Abigail Spanburger, she is the new governor, and this

509
00:31:43,039 --> 00:31:45,160
is what she said in her pitch for people to

510
00:31:45,240 --> 00:31:47,880
vote for changing the redistricting map.

511
00:31:49,119 --> 00:31:52,480
Speaker 8: We know that this all began when President Trump said

512
00:31:52,480 --> 00:31:55,480
that he was quote entitled to extra seats in Congress.

513
00:31:55,880 --> 00:31:59,400
And so now as we have seen states take action,

514
00:31:59,680 --> 00:32:02,839
virgin has the ability to do something responsive.

515
00:32:03,400 --> 00:32:07,079
Speaker 1: Okay, so she's right. The President started this by going

516
00:32:07,119 --> 00:32:10,119
to Texas and asking them to redistrict the state of

517
00:32:10,119 --> 00:32:14,400
Texas and to provide to provide more Republicans, but other

518
00:32:14,480 --> 00:32:18,960
states then jumped on that same bandwagon. The former governor,

519
00:32:19,319 --> 00:32:24,359
just until recently Glenn Younkin, a Republican, add this response

520
00:32:24,440 --> 00:32:25,400
to the current governor.

521
00:32:25,799 --> 00:32:31,319
Speaker 9: Now we see what it means when many Democrats recite

522
00:32:31,319 --> 00:32:34,559
the same oath and then turn around and violate the

523
00:32:34,599 --> 00:32:40,319
constitution and drive an unconstitutional jerry rigging effort like they

524
00:32:40,359 --> 00:32:40,920
are today.

525
00:32:42,160 --> 00:32:45,599
Speaker 1: So Matt Whitlock is a former head or maybe he's

526
00:32:45,640 --> 00:32:49,799
the current head of the National Republican Congressional Committee. He's

527
00:32:49,799 --> 00:32:53,759
the one for raising money for congressional candidates, and he's

528
00:32:53,960 --> 00:32:56,279
a Republican, so he's hoping that people vote.

529
00:32:56,279 --> 00:32:58,519
Speaker 10: Know, I would have liked to see some earlier engagement,

530
00:32:58,559 --> 00:33:01,160
particularly on the financial side, But I also understand why

531
00:33:01,240 --> 00:33:03,920
national Republicans wanted to sort of stay out of this

532
00:33:04,039 --> 00:33:06,839
to keep that conversation from getting nationalized, because the only

533
00:33:06,880 --> 00:33:09,920
Democrat attack really here has been we need to take

534
00:33:09,960 --> 00:33:12,079
away power from President Trump. And so yes, I would

535
00:33:12,079 --> 00:33:14,720
have liked to see earlier engagement. But we have seen

536
00:33:14,799 --> 00:33:18,400
great enthusiasm from Republicans in the early voting, looking about

537
00:33:18,400 --> 00:33:20,680
three percent more red than we saw in November of

538
00:33:20,720 --> 00:33:21,519
twenty twenty five.

539
00:33:21,720 --> 00:33:23,480
Speaker 5: So there is a very real path here.

540
00:33:23,480 --> 00:33:25,799
Speaker 10: And the two things that I'm watching most closely for

541
00:33:25,920 --> 00:33:28,640
that path are obviously those red counties who are looking

542
00:33:28,680 --> 00:33:30,799
at these maps and saying, wait a second, I live

543
00:33:30,880 --> 00:33:32,960
next to West Virginia, and I'm going to be represented

544
00:33:33,000 --> 00:33:36,519
by some radical in Arlington who's probably an NGO consultant.

545
00:33:36,680 --> 00:33:39,400
But the other thing is those Spamberger voters who believed

546
00:33:39,400 --> 00:33:41,839
her when she said she was running as a moderate

547
00:33:42,039 --> 00:33:45,079
focus on affordability, got into office and is governing as

548
00:33:45,079 --> 00:33:47,559
a radical who wants to raise taxes on your dog

549
00:33:47,599 --> 00:33:49,799
groomer and saying, wait a sec that's not what I

550
00:33:49,920 --> 00:33:51,799
voted for, and I don't necessarily want to reward that

551
00:33:51,880 --> 00:33:56,000
bad behavior by giving democrats more power with this insane map.

552
00:33:56,200 --> 00:33:59,599
Speaker 1: Really did probably more apparent than most politicians. She's bad

553
00:33:59,599 --> 00:34:02,400
at it, but I mean she ran as basically, I'm

554
00:34:02,440 --> 00:34:05,039
a good old moderate Democrat and I'll be easy to

555
00:34:05,079 --> 00:34:07,799
work across the aisle with the Republicans and we all

556
00:34:07,839 --> 00:34:11,679
want what's good for Virginia. And the day she was inaugurated,

557
00:34:11,800 --> 00:34:16,159
she hiked taxes. She she went for more regulations she

558
00:34:16,239 --> 00:34:18,480
went for the vote for the vote for the for

559
00:34:18,559 --> 00:34:23,320
the redistrict, and she became a super lefty literally overnight.

560
00:34:24,199 --> 00:34:26,679
And it was it's so apparent to anybody that has

561
00:34:26,760 --> 00:34:30,400
watched Sir Donald Trump. The President weighed in on Virginia.

562
00:34:30,480 --> 00:34:32,079
Speaker 6: You said she was going to be a moderate, she

563
00:34:32,159 --> 00:34:35,280
wasn't going to raise taxes, and literally in her first day,

564
00:34:35,320 --> 00:34:37,119
she wiped out all of the good that was done

565
00:34:37,199 --> 00:34:40,440
by your excellent governor. Glenn did a great job. He

566
00:34:40,519 --> 00:34:44,840
was a great governor. And she just wiped it out.

567
00:34:45,360 --> 00:34:47,960
And not only wiped it out, she put taxes on

568
00:34:48,039 --> 00:34:49,159
every single item.

569
00:34:49,519 --> 00:34:54,360
Speaker 1: Yep, it's true, no exaggeration there. Wall Street Today. Let's

570
00:34:54,360 --> 00:34:58,880
see what happened there, because the news came out after

571
00:34:59,119 --> 00:35:03,760
the market clo and the President's very sensitive to the market,

572
00:35:03,840 --> 00:35:07,199
so he waited until nine minutes after the market closed.

573
00:35:07,599 --> 00:35:11,800
But still it looked like the talks in Pakistan were

574
00:35:11,840 --> 00:35:14,480
not going to happen. It was nobody was moving. The

575
00:35:14,559 --> 00:35:18,599
Vice President was still in DC. Whitlock and Jared Kushner

576
00:35:18,599 --> 00:35:22,960
were still in DC. The Iranians were making noises about, well,

577
00:35:23,159 --> 00:35:25,880
we're not sure if we're going. So the market, which

578
00:35:25,920 --> 00:35:29,119
started off up a couple hundred points this morning. It

579
00:35:29,280 --> 00:35:32,480
just kept going down. This kept going lower and lower,

580
00:35:32,519 --> 00:35:36,320
finished down two hundred ninety three, the Dow at forty

581
00:35:36,400 --> 00:35:40,239
nine thousand and nine, the S and P fell forty five,

582
00:35:40,320 --> 00:35:43,440
and as DAK fell one hundred and forty four. The

583
00:35:43,440 --> 00:35:47,440
price of goal down ninety dollars to four thousand and

584
00:35:47,559 --> 00:35:50,559
seven thirty eight, and oil went up a couple of bucks,

585
00:35:50,920 --> 00:35:55,320
finishing at ninety two dollars now for one barrel of oil.

586
00:35:56,119 --> 00:35:59,119
That's it for today. Thank you for coming by. We

587
00:35:59,159 --> 00:36:01,480
will be back again and tomorrow night. Hope I'll see

588
00:36:01,480 --> 00:36:01,760
you there.

589
00:36:09,280 --> 00:36:09,559
Speaker 3: Yeah, I