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Speaker 1: Well, here we are. How are you happy? Happy Friday

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to you. Welcome to the Big Podcast on this twenty no,

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make that the nineteenth day of December, Year of Our Lord,

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twenty twenty five. My name is Tom Sullivan. Trying to

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rush things. I mean it's coming fast. Next week is

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going to be a blur. But so we have a

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lot of updates for you today and as much as

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this may be a lot of what you already know,

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since we spent the last week dealing with Brown University

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and the search it was who done it sort of thing,

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the search for the bad guy, and last night they

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got him cornered in a storage facility in Salem, New Hampshire,

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and he took his own life, which was not surprising

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to me once I saw what they had, but it

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was I don't know. They may make a movie out

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of this thing. The guy forty eight year old guy

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from a Portuguese national but he's lived in he has

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an address in Miami. But he was a former student

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at Brown University. I mean he's forty eight. He think no,

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it was like two thousand and one. He was so

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twenty four years ago. He was in his twenties and

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he was a PhD student in physics, and so he

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knew about that building. And it reminds me of the

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Idaho stabbing story with Brian Kolberger, a PhD student. So

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just because you're smart doesn't mean that you're not criminal.

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So yeah, no, By the way, this guy had no

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criminal record in the US. He entered the United States

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in two thousand on a student visa. He went to Brown.

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He was taking his PhD in physics and did not

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complete the course. He dropped out, but he must have

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stayed because he became a permanent resident in twenty seventeen.

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I presume that meant he got his green card in

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twenty seventeen. So the other weird part about this is,

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remember they said, oh, no, there's no there's no relation

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between the shooting at Brown University and the shooting of

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the professor at MIT. And I kept saying this past week,

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it's only forty nine miles. I googled it from Providence

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to MIT. I mean, it doesn't take even forty It

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takes forty five minutes to drive up there. And I so,

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how can you quickly dismissit? Well, it turns out where

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it was tied in and that the professor who was

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shot and killed in the hallway of his condo building,

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was a fellow student from the nineteen nineties in Portugal.

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They took classes together. He must have been a teenager.

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So you've got this guy obviously he's holding I don't know,

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some kind of grudge. I mean, I think if you,

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if you have a few years of on earth, there's

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going to be somebody that does something wrong to you.

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I've had my share. I'm sure you've had yours. But

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I don't worry. I don't dwell on that. You got

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to move on with your life. If somebody did you wrong, okay, fine,

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move on. But this guy apparently never forgot whatever the

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slights were against him back when he was a teenager

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and then when he was in his twenties. We'll never

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know why he did the shooting at Brown. What did

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those innocent young people do to him, other than maybe

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they represented to him what he was at that point.

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We'll never know. But you just got to wonder, did

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he find out at forty eight years of age that

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maybe all of his dreams and aspirations aren't coming true,

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and that they have. He's mad and so he's gonna

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take it out on the ki that are trying to

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achieve success in getting educated with good degrees from a

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good university. And then whatever this professor at MIT. I mean,

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did he look at the professor and say, why, gosh,

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that guy's a professor at a prestigious university and I'm

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not We'll never know. Let's start with the Attorney General

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of the State of Rhode Island, who kind of a

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crusty guy during the week, but now that they caught

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the guy, all of a sudden, he seems a lot friendly.

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Heres here's some of his comments from last night.

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Speaker 2: I think there's a lot of unknowns with respect to motives.

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I mean, I think that the real issue here is

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the key was to identify this person, as we talked

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about yesterday. I think there are other answers that are

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coming in terms of why Brown. I think that is

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a mystery. I think there may be something going on

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in Massachusetts that I'm not flowly familiar with because we're

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working just angle.

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Speaker 1: So then he talks a little bit about how they

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finally closed in on the guy.

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Speaker 2: We found records with the help of the FBI and others,

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that that was his storage area. So he rented a

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car in Boston he drove it. We were able to

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find that car, and in New Hampshire we were able

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to find evidence in the car from looking at it

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from the outside that connected this individual to our crime

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scene here in Rhode Island. Killed himself inside the storage unit,

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and the firearms were found at his in the area

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of his thigh and in the area of his feet.

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We are confident that this is our target and that

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this case is closed from a perspective of pursuing people involved.

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Speaker 1: In Yeah, they got their guy, but there's a million

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questions that are going on the president of the university.

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He's being quizzed about about how they do a sloppy

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job there on security. Paul Morrow, who's been up in

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Rhode Island all week ways in.

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Speaker 3: All right, let's go to motive right now. The most

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that we have is it seems to me to be

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some bitter, blind sort of striking out at places that

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he blamed and people that he was perhaps jealous of.

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It looks to me like this is a guy who

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hit a portion of his life in midlife that he

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started realizing that a lot of what he expected of

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himself wasn't going to happen. He goes back to this

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issue of this MIT professor that he likely had a

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connection of some sort too in Portugal. He reportedly lost

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a job in Portugal. Maybe he blamed this guy. But

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the whole thing feels to me like a sort of petulant,

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sort of revenge tour by a guy who was leading

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a slipping down life. And I'm sorry to give it

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such a prosaic motive, because when you see something so horrible,

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you expect there to be more. But unfortunately, very often

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when we get these things this and terrorism cases and

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things like that, stalking cases, very often it comes down

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to ground level things where you just shake your head

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and say, boy, you thought that was the solution. And

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I fear that at the end of the day, that

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might be all we get.

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Speaker 1: So the question then looks at Brown University, and not

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only Brown, but I'm sure that I would hope. I'm

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not so sure that every collegiate administrator around the country

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is going, you know, maybe we should have a meeting

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and go over our security on our campus, because Brown

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just doesn't seem to get it.

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Speaker 3: So Brown, unfortunately for them, is going to become representative

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of higher education here because this is not a unique circumstance.

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They really let their security posture slip. These higher education institutions,

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they don't even have the defenses against a school shooter

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that we see these days in high school and grammar schools. Furthermore,

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there is something called the Cleary Report, which is mandated

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by Congress that colleges have to put out relative to

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their crime numbers. Now, I got to go to something

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that is just really discomfiting. In twenty twenty three, Brown

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reported in their Cleary Report twenty rapes on campus, twenty

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rapes at one school on campus and on think a

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lot of the public knows that these Cleary reports are

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out there, But when you consider that you have that

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level of criminality in one year, you got to say

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to yourself, where would the better security protocols? Where was

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desynchronization between the campus police and Providence PD. My understanding

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is that's not a new issue up here. They better

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take a hard look at their protocols in response to

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a crisis, and they better figure out how to get

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on the same page. Because it's a relatively small town

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and the idea that they had to build this thing

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from the ground up when it happened, and I don't

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even know what they say that had to happen, because

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we saw what happened over the weekend. There was some

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slippage at the edges of the task force here relative

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to that lead took to covertry. They lost valuable time.

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Speaker 1: And another parts of this story that's fascinating. I've heard

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too different versions of it. But the guy that they

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put out a camera had had video and photos of

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a guy that they said is not a person of interest,

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but he may have had some sort of interaction with

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the person of interest. They said, we don't know who

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this guy is. Here's a photo of him, and guess

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what he came forward. He actually sent had sent to

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the Providence Police on an email that basically said, check

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out this Reddit post about the fact that there's this

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one guy that you might you might want to take

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a look at this one car. And so that caught

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the attention of the investigators. But then they put out

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the photo the video of this guy, and it turns

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out he came forward right away. His name is John,

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don't know a last name. The two different reports are

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One is that he was a janitor that worked at

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Brown University and ran into the shooter in the basement

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in a bathroom in the basement, and kept and saw

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him around the university buildings a number of days, basically

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casing the place. And so he confronted him, and the

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guy the shooter said to John basically, buzz off, buddy,

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leave me alone. Quit harassing me. So he shows up

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to the police. He says, yeah, I happened to be

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the guy who sent the Reddit post to you, and

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I happened to have a conversation with this guy in

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the bathroom. Now, the other story is he's not a janitor.

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He's a homeless guy and he lives in the basement

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of the university building, the engineering building where the shooting was,

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which brings up another question about if he is, how's

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the security about letting a homeless guy live in your

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basement without knowing about it? In any case, so he's

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the one who broke open the case because he said

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I watched him. I followed him out of the basement,

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out of the bathroom, onto the street, and he went

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down the street and he kept walking around. I kept

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following him. That's when he told me quit harassing me.

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But he says I basically hid and watched him, and

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he got in this particular car. Here's the make and

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model and the license number of the car. That is

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what broke open the case to find this guy. Now

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they had a car. They found out it was a

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rental car. That found out from the rental company. They

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had a photo of the guy in the lobby of

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the rental company renting the car. So now they had

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a photo, they had a car, and they had license

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plate readers that triggered that the car had crossed from

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Massachusetts into New Hampshire. And that's how they found him

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last night, all because of this janitor slash homeless guy.

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I don't know which one it was, didn't really matter,

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but a little more from Paul Morrile.

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Speaker 3: Yeah, and you know that goes to something we were

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talking about all week where we were saying, it doesn't

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happen necessarily be something as high level as a school shooting.

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But with no security, what are you asking for. You're

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asking for burglaries, You're asking for people that are just

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going to trespass on the grounds can be much more

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commonplace and average harassment that you're asking for. And in

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this case turns out the homeless guy ends up being

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the hero. But the fact that he could live in

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the basement of this place and apparently nobody knew just

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goes to what was going on here.

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Speaker 1: Yeah, So back to the Attorney General of Rhode Island,

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he was asked last night, he said, does this janitor

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homeless guy qualify for the fifth the thousand dollars award?

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And the Attorney General said, it sure looks that way

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to me. He's got my vote. So maybe this guy

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will get fifty grand for his efforts in being alert

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and turning in what he saw. And I'm sure the

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shooter who apparently the highly educated guy, very smart guy.

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I mean, we talk about how crooks are stupid, this

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guy not. I mean, he did went out of his

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way to make sure that he was not in the

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view of cameras on the university. He knew where there

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were no cameras. He in the rental car. He also

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it had Florida plates, but he found some other plates

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from Maine and swapped those plates onto the car, the

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rental car that he had. So, I mean, he was

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very astute as to how to keep from getting caught.

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And even with all of his smartness and all of

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the work that he did to make sure that nobody

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knew who he was. He still met his end last night.

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Let's go back as quickly to what Paul was talking about.

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Twenty rapes in one year on Brown campus. It's a

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small university, it's a postage stamp campus. It's not very big.

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There's only seven thousand students at Brown, and you got

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twenty rapes in that small postage stamp neighborhood. Anybody doing

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anything about it? And that's the other thing. There is

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a I've only seen him once. He's basically hiding, but

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there is a Brown University police department, and the guy

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who's the chief of that got fired from some other

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university for I think unqualified. And he's also had two

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votes against him by the police officers of Brown University

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that they have no confidence in him. So the security

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situation that Brown has been a mess. And now you've

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got two dead students, nine that were shot and wounded.

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It shouldn't have happened. And the other thing about the cameras,

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I'll tie in one other story, Nick Reiner. The way

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they found him was by the pings on his phone,

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which the guy in the shooter in New Hampshire apparently

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kept switching SIM cards, so that they could not figure

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out where the phone was. He was very smart about

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all that didn't pay off in the end. But back

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to Nick Reiner, the way they got him was the

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pings on his phone. But also there was a gas

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station that had cameras that were one hundred times better

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than Brown University cameras a gas station. So Brown has

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a has a lot to work on, and it does

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make you wonder how many other universities are just like that.

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So they've got this great academic reputation, but boy do

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they look like they've got a shoddy security system. So

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since I'm crucifying her, might as well get the university president.

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They asked her about, Well, now that the guy's been

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caught and he's dead, what do you make of your

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security system here? Madam President.

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Speaker 4: We're going to have to look back and say, you know,

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we don't know how this person got in. We don't

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know when they came in. We do know that the

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building was unlocked that day for exams, and that's something

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we're going to have to coming into. Well, look at

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everything that is done that. I do not think a

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lack of cameras in that building it had anything to

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do with what happened there, There.

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Speaker 1: You go, university president, she doesn't think the lack of

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cameras had anything to do with what happened. No, I

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mean the guy was obviously casing the place to find

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out where there were no cameras, So it did make

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a difference. This guy was smart and he worked around

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the system. But the point is they should have had

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cameras to catch basically all of their property. John skoll Is,

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a former FBI guy. Is analysis of this is as follows.

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Speaker 5: Well, I think the first question you have to ask

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is what was the motive? What was the motive to

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conduct an attack at Brown? And then what was the

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grievance he had against his former classmate and the professor

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at MIT. So I think those are real questions that

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investigators are trying to piece together. And this is now

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a global investigation. You have not just the New England area,

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but you also have what's going on in Portugal and

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then any other family friends, associates around the US that

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they are looking to get in front of. So I

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think it's tough to judge that, to be honest with you,

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I mean, they had a lack of information that this

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person was clearly trying to evade law enforcement. The lack

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of security cameras in that building is a problem, and

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the lack of security cameras on that street are a problem.

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I think what we really have to focus on here

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is the importance of the relationship between the law law

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enforcement and the public. Had it not been for this tipster,

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the law enforcement is still looking for him, and likely

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he is going out of the country, as reporting has

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had him had a plane ticket for Thursday night. So

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I think that's what needs to focus on, is the

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relationship between the public and law enforcement and how important

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tips are.

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Speaker 1: Yeah, so the guy apparently did have a ticket for

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last night, and don't know where he was going, probably

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from Boston, maybe back to Miami where he has in the address,

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or maybe he was going to Portugal, but regardless, he

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was going to be out of the area. And then

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it would have been very, very difficult to figure out

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who this guy was. If it wasn't for John the

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janitor slash homeless guy, they would still be looking for him.

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There was one guy that drew me crazy last night,

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I mean just troth me crazy. They have they they

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got the guy. He's dead now. They have the news

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conference in Providence, and the one guy who was trying

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to control the news conference he had nothing to add,

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was Mayor Smiley. And he reminded me of like a

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first I shouldn't say that, because first grade teachers are valuable,

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but it's not like like somebody that's a principle of

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a grade school and had to with literally telling, shouting

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over everybody so that he could pick out which reporters

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were going to get to be able to ask questions.

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He was just a he's a control freak and he

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had nothing to add to this, but he wanted as

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the mayor, the politician, to be running the whole show

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last night. Remember he's the same guy who said, well

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we don't have I remember that they cut the one

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person he turned out not to be a suspect and

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they let him go, and Mayor Smiley came out and said, Okay,

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we got the wrong guy, but don't you worry. Everything's okay.

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You can be here safe out there that do you

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know where the shooter is? No, he just came across

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annoying to me, but I'm sure he's happy being mayor.

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Let's go to a different city. Let's go to Minneapolis,

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where the state of Minnesota. We told you before about

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the fact that there were a bunch of fraudsters getting

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state money to the tune of a billion dollars from

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the state of Minnesota, most of it going like ninety

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five percent of it going to Somali organizations that were

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using it for well a variety of things. Say, they

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have a list today of what it was that these

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people that were taking the money, what they were using

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it for. There were wire transfers to China and wire

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transfers to East Africa. They bought a villa in the Maldives.

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They had first class planet tickets to Istanbul and Amsterdam.

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They had stacks of cash that apparently they texted the

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transfers to others that were involved in the fraud. They

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bought luxury vehicles. One of these organizations that was supposed

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to be doing good for people bought a lake front

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property in Minnesota, and another one bought a designer jewelry.

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So yeah, and the funds were supposed to be used

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for feeding children, for helping recovering addicts find a place

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to live, for helping disabled adults, one on one therapy

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for autistic children. What happened was some of the local

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businesses found out that like the Autolo a children organization,

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that the businesses that were next door to them said,

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there's nobody, No children never come or go from this place.

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In fact, the place is empty. So Joe Thompson, the

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US Attorney for Minnesota, has laid out a number of

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new indictments today and the amount of money is north

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of ten billion dollars. Not one, but ten billion dollars.

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Here's Joe Thompson, the US Attorney.

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Speaker 6: Minnesotan's and taxpayers deserve to know the truth of the fraud.

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The fraud is not small, it isn't isolated. The manuitude

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cannot be overstated. What we see in Minnesota is not

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a handful of bad actors committing crimes. It's a staggering,

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industrial scale fraud. It's swamping Minnesota and calling into question

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everything we know about our state.

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Speaker 1: Yeah, it wasn't just one one group. It was in

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dush C real size. They had a big operation going there.

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Liz Colin is a journalist in Minnesota who's been reporting

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on this.

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Speaker 7: This is what she says, Bill, We've been reporting on

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this for years and hearing that the fraud is well

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into the billions of dollars in Minnesota. I don't think

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really surprises anyone here. There was this morning warning months

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ago that an iceberg was ahead by First Assistant US

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Attorney Joe Thompson. Seems like we're not even hitting that

382
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just yet. I'll be honest. We've visited some recent sites

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just within the last week. Still, it seems fraudulent programs everywhere.

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Zeroing in on those fourteen Medicaid programs that have now

385
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been flagged, eighteen billion dollars that poured into those programs

386
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since twenty eighteen. Yesterday we heard more than half of

387
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that is likely fraud, perhaps well well above nine or

388
00:24:51,119 --> 00:24:55,000
ten billion dollars. But just seeing that explosive growth, I

389
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think you can see these businesses everywhere. In fact, business

390
00:24:58,160 --> 00:25:02,039
owners in Minnesota been taking matters into their own hands.

391
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We've done some stories about people actually setting up security

392
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cameras rolling on neighboring businesses saying, hey, there's no kids

393
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coming and going from this daycare. There are no adults,

394
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you know, going in and out of this adult daycare.

395
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Will someone do something back.

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Speaker 1: To Joe Thompson, the US Attorney in.

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Speaker 6: His programs that are just entirely fraudulent. These aren't companies

398
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that are providing some services but over billing Medicare and Medicaid.

399
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These are companies that are providing essentially no services. They're

400
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essentially shell companies created to defraud the program, create it

401
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to submit on a wholesale level.

402
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Speaker 1: Yeah, it's not an over billing problem that a lot

403
00:25:39,400 --> 00:25:42,319
of frausters do. They just took the money and provided

404
00:25:42,519 --> 00:25:47,519
zero services. Back to Liz Colin and talking about does

405
00:25:47,680 --> 00:25:50,960
Governor Tim Walls take any responsibility?

406
00:25:52,559 --> 00:25:55,279
Speaker 7: You know, it's interesting He's made quite quite a few

407
00:25:55,680 --> 00:25:59,200
maneuvers that are questionable. I would say over these last years.

408
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Now reporting appointing I should say a fraud czar, but

409
00:26:03,359 --> 00:26:07,599
he closed at the statewide level an office that investigated

410
00:26:07,640 --> 00:26:09,759
fraud for many years or a questions about that. This

411
00:26:09,799 --> 00:26:13,599
has only renewed the call for Governor Tim Walls to resign.

412
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He is currently running for a third term as governor,

413
00:26:16,720 --> 00:26:18,640
but this has really ramped up under his watch the

414
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last seven years, all of this fraud exploding onto the

415
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national scene. I think it's said five or six federal

416
00:26:26,319 --> 00:26:30,359
investigations that have now been announced in Minnesota from snap

417
00:26:30,440 --> 00:26:32,480
or welfare fraud. The state doesn't want to give that

418
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over our voter rolls. Minnesota doesn't want to hand that

419
00:26:35,519 --> 00:26:39,960
over to the Feds. Illegal immigrants having commercial drivers' licenses here.

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In fact, President Trump saying that Walls has turned Minnesota

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into a fraudulent hub of money laundering activity.

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Speaker 1: So shouldn't he be held responsible? I mean, if you're

423
00:26:51,000 --> 00:26:55,160
the CEO of a company and if somebody's stealing from

424
00:26:55,200 --> 00:26:58,920
you and you don't do anything about it, I mean,

425
00:26:59,319 --> 00:27:04,240
shouldn't I mean no, I know, nothing will. Nobody's ever

426
00:27:04,319 --> 00:27:07,680
held accountable in government, So no, nothing will happen, but

427
00:27:07,920 --> 00:27:11,319
it should should hit. He should be responsible. The buck

428
00:27:11,440 --> 00:27:15,119
stops here. Harry Truman. Put that on your desk, Governor Walls.

429
00:27:16,279 --> 00:27:19,119
It's an amazing story. There was apparently some of the

430
00:27:19,160 --> 00:27:23,319
people that they have charged with fraud are some people

431
00:27:23,400 --> 00:27:28,160
from Pennsylvania that heard about how easy it was to

432
00:27:28,240 --> 00:27:31,440
make up some organization and get money from the state

433
00:27:31,480 --> 00:27:34,759
of Minnesota. They went to Minnesota, set up a fake

434
00:27:34,839 --> 00:27:38,480
company and started collecting I don't know how much, but

435
00:27:38,519 --> 00:27:42,279
they got money from the state of Minnesota for a

436
00:27:42,319 --> 00:27:45,240
fraudulent company. They said that it did not exist, it

437
00:27:45,279 --> 00:27:49,000
was just on paper, and they heard about it in Pennsylvania.

438
00:27:49,079 --> 00:27:53,119
So as much as Minnesota is ground zero for this,

439
00:27:53,880 --> 00:27:57,039
I'm sure this is going on in other places in

440
00:27:57,079 --> 00:28:01,920
other states. And speaking of Democrats, there's been a lot

441
00:28:01,960 --> 00:28:05,359
of publicity. The media love to talk about it. President

442
00:28:05,440 --> 00:28:10,559
Trump's approval ratings have come way down, and including his

443
00:28:10,759 --> 00:28:14,960
managing of the economy. He was was that was what

444
00:28:15,240 --> 00:28:19,400
got him elected, but no, the approval ratings are way

445
00:28:19,440 --> 00:28:23,680
way down. People are unhappy the rights of the country

446
00:28:23,720 --> 00:28:26,160
on the right track or wrong track. Wrong track is

447
00:28:26,200 --> 00:28:28,079
way ahead of the right track, so a lot of

448
00:28:28,079 --> 00:28:33,440
people are unhappy. But it's not just the Republicans. The

449
00:28:33,559 --> 00:28:38,000
Democrats are also getting they're head handed to them in

450
00:28:38,119 --> 00:28:42,599
these polls, but the mainstream media is not publicizing it

451
00:28:42,720 --> 00:28:48,279
at all. Even Fayez Shakir, who was one of the

452
00:28:48,279 --> 00:28:53,000
top guys working for Bernie Sanders, big Democrat, He's saying,

453
00:28:53,039 --> 00:28:57,160
these Democrats are not doing what they need to be doing.

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Speaker 8: I agree with the decision here and no surprise to you,

455
00:28:59,559 --> 00:29:01,519
but hard to be a democratic party when you're not

456
00:29:01,519 --> 00:29:03,680
being democratic and the way you want to be held

457
00:29:03,680 --> 00:29:06,519
accountable by the stakeholders of the Democratic Party. I've long

458
00:29:06,640 --> 00:29:08,799
argued and I ran for DNC chair because I felt

459
00:29:08,799 --> 00:29:10,599
like we need to open the doors. Let people in

460
00:29:10,920 --> 00:29:13,279
the challenge right now. Many in the party. Ken Martin's

461
00:29:13,279 --> 00:29:15,599
a nice person, A lot of them believe that we

462
00:29:15,640 --> 00:29:18,119
need to play dead, don't have a vision, don't argue

463
00:29:18,119 --> 00:29:20,920
for anything. Profit off of the fact that Donald Trump's

464
00:29:20,920 --> 00:29:23,599
agenda is very unpopular right now, win all these elections.

465
00:29:23,880 --> 00:29:26,160
Speaker 1: I believe differently. Bernie Sanders believes.

466
00:29:25,880 --> 00:29:27,519
Speaker 8: Differently that you have to have a vision, you have

467
00:29:27,599 --> 00:29:29,559
to come forward with saying that you believe in something.

468
00:29:29,599 --> 00:29:31,559
The only way you're going to get there is being

469
00:29:31,680 --> 00:29:35,640
accountable to disagreement, having some disagreement within the party healthy.

470
00:29:35,880 --> 00:29:38,319
Speaker 1: Yeah, so he's a Democrat and he's not happy with

471
00:29:38,440 --> 00:29:44,799
the Democratic National Committee. Harry Enton, the statistician over at CNN,

472
00:29:45,119 --> 00:29:48,839
he looked at the polls on all of this and

473
00:29:48,880 --> 00:29:50,240
this is what he came away with.

474
00:29:50,480 --> 00:29:53,079
Speaker 9: Yeah, I mean, Democrats and the minds of the American

475
00:29:53,160 --> 00:29:55,559
public are lower than the dead sea. What are we

476
00:29:55,640 --> 00:29:57,599
talking about here, Well, let's take a look at the

477
00:29:57,640 --> 00:30:00,880
net approval rating for Democrats in Congress, the lowest ever.

478
00:30:00,920 --> 00:30:05,400
Look at this overall, they are fifty five points underwater.

479
00:30:05,440 --> 00:30:08,559
They're approval rating is south of twenty percent. It's even

480
00:30:08,559 --> 00:30:11,680
worse when you look at independence, look at this negative

481
00:30:11,880 --> 00:30:14,880
sixty one points. That means that their approval rating is

482
00:30:15,000 --> 00:30:18,440
sixty one points lower than their disapproval rating. Quinnipiac has

483
00:30:18,480 --> 00:30:21,119
been pulling this question for the better part of the

484
00:30:21,119 --> 00:30:25,119
twenty first century. They have never found Democrats, at least

485
00:30:25,119 --> 00:30:28,480
those in Congress and worse shape than they are right now. Yeah,

486
00:30:28,480 --> 00:30:31,039
what about Democrats on Democrats? So part of the reason

487
00:30:31,079 --> 00:30:34,160
overall is solo is independents are driving it low. But

488
00:30:34,240 --> 00:30:37,720
that's not the only reason it's solo. What about democrats

489
00:30:37,720 --> 00:30:41,279
on democrats? Democrats and that approval rating of congressional Democrats.

490
00:30:41,359 --> 00:30:43,440
I want you to keep in mind they had never

491
00:30:43,559 --> 00:30:48,000
rated Democrats negatively until this year. And right now, what

492
00:30:48,039 --> 00:30:50,319
are we talking about. We're talking about a net approval

493
00:30:50,400 --> 00:30:53,839
rating from democrats. This is democrats on Democrats. Their approf

494
00:30:53,920 --> 00:30:57,000
rating is actually lower, lower than the disapproval rating, and

495
00:30:57,039 --> 00:30:59,720
that is quite the drop from October. I think during

496
00:30:59,720 --> 00:31:01,680
the shit down there was a bit of a bloost

497
00:31:01,680 --> 00:31:04,200
for Democrats, right there was a rallying around the flag

498
00:31:04,240 --> 00:31:07,119
effect going on. But Democrats did not like how that

499
00:31:07,160 --> 00:31:10,839
shut down turned out. They have returned against Democrats and

500
00:31:10,880 --> 00:31:13,480
Congress and You mentioned Dan Goldman in that intro. One

501
00:31:13,519 --> 00:31:15,839
of the reasons that Dan Goldman is in trouble right

502
00:31:15,880 --> 00:31:19,240
now in a potential primary against Brad Ladner is because

503
00:31:19,279 --> 00:31:22,839
at this point the Democratic base is so upset with Democrats.

504
00:31:22,880 --> 00:31:25,079
So even if Democrats take back Congress, don't be surprised

505
00:31:25,119 --> 00:31:27,759
that Dan Goldman ain't there because of numbers like this.

506
00:31:28,000 --> 00:31:29,680
Speaker 2: Great, yeah, you know we're talking about it.

507
00:31:29,680 --> 00:31:30,519
Speaker 4: You mentioned it. What is this?

508
00:31:30,640 --> 00:31:33,319
Speaker 9: Twenty two to six? That's a twenty eight point decline

509
00:31:33,359 --> 00:31:35,680
falling through the floor. But of course the question is

510
00:31:35,720 --> 00:31:38,279
can Democrats still take take back Congress even with their

511
00:31:38,359 --> 00:31:40,480
ratings as low as this? The answer is yes, But

512
00:31:40,559 --> 00:31:42,799
in my mind it's definitely hurting them. Why do I

513
00:31:42,880 --> 00:31:44,759
say that because take a look at the Jeneric congressional

514
00:31:44,839 --> 00:31:47,640
belt with a Republican president at this point. Look, Democrats

515
00:31:47,640 --> 00:31:50,640
are ahead, but they're only ahead by four points. Historically,

516
00:31:50,680 --> 00:31:53,200
that is quite weak. At this point. In the eight

517
00:31:53,240 --> 00:31:55,599
twenty seventeen, twenty eighteen cycles, more than double that at

518
00:31:55,640 --> 00:31:58,799
ten points. The same back during George W. Bush's second

519
00:31:58,839 --> 00:32:01,079
term in office, where you saw, of course, the Democrats

520
00:32:01,119 --> 00:32:03,039
are also hit by ten points. So we're talking about

521
00:32:03,079 --> 00:32:05,400
a lead of less than half what we normally expect,

522
00:32:05,480 --> 00:32:07,279
and I think that's why at this point there are

523
00:32:07,319 --> 00:32:09,359
a lot of Democrats who might be thinking, hey, we

524
00:32:09,400 --> 00:32:11,480
can spike that ball in the end zone. But the

525
00:32:11,519 --> 00:32:13,759
numbers at this point say, hold on just a minute. Yes,

526
00:32:13,799 --> 00:32:16,799
you're on your way to a congressional majority, but it's

527
00:32:16,839 --> 00:32:19,240
still a long time. With numbers like this considerably legal

528
00:32:19,279 --> 00:32:22,680
and historically speaking, it might be a tougher road to haul.

529
00:32:23,680 --> 00:32:26,559
Speaker 1: Yeah. So my takeaway from this is if the Democrats

530
00:32:26,599 --> 00:32:30,160
know this is cownipiac, it's the lowest ever ever in

531
00:32:30,200 --> 00:32:34,119
their recording history for Democrats. Eighteen percent approval of Democrats,

532
00:32:34,480 --> 00:32:39,519
seventy eight percent disapproval. And that's Democrats on Democrats. The

533
00:32:39,640 --> 00:32:42,880
Democrats are fed up with the with the leadership. No,

534
00:32:42,960 --> 00:32:46,240
they don't like Republicans either. Then Republicans, like I said,

535
00:32:46,279 --> 00:32:50,039
Donald Trump and Republicans, they're not getting great numbers right now.

536
00:32:51,400 --> 00:32:53,839
But I think people are fed up with both parties.

537
00:32:54,680 --> 00:32:58,160
I know they are. I put myself in that camp.

538
00:32:58,200 --> 00:33:02,960
But so that's what's going on with the politics on

539
00:33:03,000 --> 00:33:06,200
the country today. I think the number one thing driving

540
00:33:06,279 --> 00:33:09,920
people to be unhappy with both parties is the economy

541
00:33:10,279 --> 00:33:13,160
and we got. I've told you before. There's two consumer

542
00:33:13,720 --> 00:33:16,640
attitude checks out there. One of them is the Conference Board.

543
00:33:17,039 --> 00:33:20,960
The other one is the University of Michigan Consumer Sentiment Index. Well,

544
00:33:21,000 --> 00:33:25,880
that got released today, and the consumer sentiment went up

545
00:33:26,000 --> 00:33:34,640
in December, but less than expected, remaining depressed among lingering

546
00:33:34,839 --> 00:33:39,359
affordability concerns according to the survey. So their number, the

547
00:33:39,359 --> 00:33:45,720
index went up one point nine to fifty two point nine,

548
00:33:46,880 --> 00:33:49,640
but they were looking for something much higher than that.

549
00:33:49,839 --> 00:33:53,559
So this is the director of the survey says. Despite

550
00:33:53,559 --> 00:33:57,359
some signs of improvement to close out the year, sentiment

551
00:33:57,480 --> 00:34:03,599
remains nearly thirty percent low December of twenty twenty four,

552
00:34:04,160 --> 00:34:09,800
as pocketbook issues continued to dominate consumer views of the economy.

553
00:34:10,320 --> 00:34:14,320
So the President is on his way tonight. He's going

554
00:34:14,320 --> 00:34:18,039
down to the North Carolina, big purple state, important state

555
00:34:18,880 --> 00:34:25,440
to talk about. He's part of the selling of the economy,

556
00:34:25,599 --> 00:34:29,320
selling people on the economy is doing great, no matter

557
00:34:30,159 --> 00:34:33,760
what you think about it. Here's Shannon Breen talking about

558
00:34:33,800 --> 00:34:35,199
the President's trip tonight.

559
00:34:35,559 --> 00:34:38,079
Speaker 10: Been a times North Carolina, a purple state. I mean,

560
00:34:38,079 --> 00:34:41,239
it's a big prize and so the President wisely going

561
00:34:41,280 --> 00:34:44,679
there to focus his message on the economy, you point

562
00:34:44,719 --> 00:34:47,480
to the inflation number. Supporters of the President will also

563
00:34:47,599 --> 00:34:51,840
say wage growth this year has outpaced inflation nearly every month,

564
00:34:51,920 --> 00:34:54,400
so people should be feeling a little bit more breathing

565
00:34:54,440 --> 00:34:56,920
room when it comes to that. But you guys know,

566
00:34:57,039 --> 00:35:00,480
our polls show this week people are desperately worried about inflation.

567
00:35:00,519 --> 00:35:02,760
They are desperately worried about healthcare, which is why they'll

568
00:35:02,800 --> 00:35:05,840
welcome this announcement on drug pricing. There have been others

569
00:35:05,840 --> 00:35:08,440
from the White House as well, but folks at home

570
00:35:08,519 --> 00:35:10,400
say they still aren't feeling it. The White House wants

571
00:35:10,440 --> 00:35:12,519
them to know, help us on the way, and the

572
00:35:12,519 --> 00:35:14,239
President will continue that message tonight.

573
00:35:14,440 --> 00:35:17,800
Speaker 1: Yeah, she mentioned on top of the drug announcement, well,

574
00:35:17,800 --> 00:35:21,400
the President had a meeting in the White House today.

575
00:35:21,480 --> 00:35:26,480
Several of the largest US and European drug makers were there,

576
00:35:27,000 --> 00:35:31,400
and the President announced that Merk, Bristol, Meyers, Squib and

577
00:35:31,679 --> 00:35:38,440
jen Galad gsk Sonofi, Roach's genen Tech nov artists, all

578
00:35:38,480 --> 00:35:41,599
of them are going to be well. They inc the

579
00:35:41,639 --> 00:35:46,599
deal basically to sell their medications for less. And this

580
00:35:47,960 --> 00:35:51,920
I gripe about the tariffs. I don't like tariffs, specific

581
00:35:52,000 --> 00:35:56,760
tariffs focused tariffs at work, and this is one of

582
00:35:56,800 --> 00:36:00,320
the cases where I think it is valuable. And so

583
00:36:00,400 --> 00:36:03,960
the majority of the seventeen drug makers that Trump sent

584
00:36:04,039 --> 00:36:07,800
letters to in July saying you know, here come the tariff.

585
00:36:07,840 --> 00:36:10,960
We're just going to tariff the bejbs out of your products, well,

586
00:36:11,400 --> 00:36:15,400
fourteen of the seventeen have now agreed to drastically lower

587
00:36:15,440 --> 00:36:19,960
their drug prices if they can get out of having

588
00:36:20,079 --> 00:36:24,440
to pay the tariffs. So the tariffs and drug with

589
00:36:24,599 --> 00:36:29,559
drugs is making a difference. One of them apparently, they

590
00:36:29,599 --> 00:36:33,519
are going to be offering a three year grace period

591
00:36:34,880 --> 00:36:41,239
for specific drugs that will Yeah, here it is. It's

592
00:36:41,280 --> 00:36:46,440
Prista Meyer Squib offering eloquist which is a blockbuster blood

593
00:36:46,480 --> 00:36:51,480
thinner drug and a top prescribed drug. They're offering it

594
00:36:51,639 --> 00:36:58,280
for free to Medicare for three years. So drug prices.

595
00:36:58,920 --> 00:37:02,360
President's got the pressure on these pharmaceutical companies were the

596
00:37:02,400 --> 00:37:06,199
big market in the world, and he's making some very

597
00:37:06,239 --> 00:37:09,960
good progress on that. So that's part of the effort.

598
00:37:10,039 --> 00:37:12,760
And when he goes to North Carolina tonight, he's going

599
00:37:12,840 --> 00:37:16,199
to be bragging about that and he should absolutely should.

600
00:37:17,199 --> 00:37:20,280
So Wall Street, let's see how they did today. A

601
00:37:20,280 --> 00:37:23,079
little bit a little bit of a rally going on today.

602
00:37:23,119 --> 00:37:27,199
The Dow up one hundred and eighty three to forty

603
00:37:27,239 --> 00:37:30,719
eight one thirty four s and P up fifty nine,

604
00:37:31,199 --> 00:37:34,840
NASDAK up three hundred and one. The Nasdaq's been autoitaiar.

605
00:37:35,440 --> 00:37:38,480
Price of gold up five bucks to forty three sixty

606
00:37:38,559 --> 00:37:42,880
nine at oil up fifty cents fifty six dollars for

607
00:37:43,119 --> 00:37:45,960
a barrel of oil. So that's it for today, that's

608
00:37:46,000 --> 00:37:48,320
it for the week. Thank you for coming by. I

609
00:37:48,360 --> 00:37:51,519
have a wonderful weekend. We'll be back on Monday. I

610
00:37:51,519 --> 00:37:52,920
hope you are too. See event

