1 00:00:00,560 --> 00:00:06,559 Speaker 1: And welcome to the Big Podcast on this Tuesday. Today 2 00:00:06,639 --> 00:00:10,519 is the nineteenth day of August year of our twenty 3 00:00:10,640 --> 00:00:13,119 twenty five. My name is Tom Sullivan. So we have 4 00:00:13,199 --> 00:00:15,320 a lot to go over today. We'll pick up where 5 00:00:15,320 --> 00:00:19,679 we left off yesterday with Ukraine. We have shake up 6 00:00:19,719 --> 00:00:24,559 at the FBI to at least make sure you're aware 7 00:00:24,559 --> 00:00:30,359 of Texas. I mean they only lasted two weeks. At 8 00:00:30,440 --> 00:00:32,359 least a couple of you four or five years ago. 9 00:00:32,439 --> 00:00:35,840 The Texas Dems that ran from this date, they lasted 10 00:00:35,880 --> 00:00:41,960 a month, but now they're back. Yeah, they accomplished nothing, 11 00:00:43,200 --> 00:00:46,719 absolutely nothing in any case. So we'll get to all that. 12 00:00:46,759 --> 00:00:49,960 But let me start with Ukraine, because where we have 13 00:00:50,119 --> 00:00:54,159 left it was yesterday. It was historic. All the European 14 00:00:54,240 --> 00:00:58,520 leaders were there and the President Zulyiski and the head 15 00:00:58,520 --> 00:01:01,920 of the EU, the head of NATO, and so they 16 00:01:02,039 --> 00:01:04,480 had their powow and they talked about what they wanted 17 00:01:04,480 --> 00:01:06,040 to do, and they wanted to come up. And we 18 00:01:06,120 --> 00:01:11,120 talked yesterday about this question about the security agreement that 19 00:01:11,280 --> 00:01:16,439 Ukraine is going to need in order to do some 20 00:01:16,480 --> 00:01:20,879 sort of peace agreement. They're worried that Vladimir is going 21 00:01:20,959 --> 00:01:23,319 to say yeah, yeah, yeah, yeah, we'll sign this thing 22 00:01:23,319 --> 00:01:25,959 and then come running back in with his troops and 23 00:01:26,079 --> 00:01:30,719 keep attacking Ukraine. So the security agreement looks like, acts like, 24 00:01:30,760 --> 00:01:34,560 smells like, sounds like Article five from NATO, and we 25 00:01:34,640 --> 00:01:39,359 know Article five is the article that says if anybody 26 00:01:39,400 --> 00:01:43,400 attacks any one member of NATO, they have attacked all 27 00:01:43,439 --> 00:01:46,840 of us and we all must respond to defend that 28 00:01:46,959 --> 00:01:52,000 NATO country. So what they're saying is, we will set 29 00:01:52,079 --> 00:01:56,079 up a security agreement and we will say Ukraine, you're 30 00:01:56,120 --> 00:01:59,959 not part of NATO. But it sure looks like it, 31 00:02:00,120 --> 00:02:03,120 sure acts like it because we're all going to agree 32 00:02:03,200 --> 00:02:09,919 to defend you. To the tune of troops having European 33 00:02:10,000 --> 00:02:13,680 troops in there, from France, from Spain, from England, from Germany. 34 00:02:14,439 --> 00:02:19,479 And the question that we left off yesterday was what 35 00:02:19,639 --> 00:02:24,719 about the United States? And yesterday there was some conversation 36 00:02:25,000 --> 00:02:28,360 that made it sound like, yeah, the US will in 37 00:02:28,360 --> 00:02:31,680 fact put boots on the ground. But this morning the 38 00:02:31,719 --> 00:02:35,199 President called in to Fox and Friends and this is 39 00:02:35,240 --> 00:02:36,840 what he had to say, what. 40 00:02:36,719 --> 00:02:39,919 Speaker 2: Kind of assurances do you feel like you have that 41 00:02:40,439 --> 00:02:45,360 going forward? And you know, past this Trump administration, it 42 00:02:45,439 --> 00:02:49,520 won't be American boots on the ground defending that border. 43 00:02:50,000 --> 00:02:52,319 Speaker 3: Well, do you have my assurance? And I'm president and 44 00:02:53,039 --> 00:02:55,599 I'm just trying to stop people from being killed. 45 00:02:55,639 --> 00:02:55,960 Speaker 4: Charlie. 46 00:02:56,000 --> 00:03:00,479 Speaker 3: Look, they're losing from five to seven thousand people a 47 00:03:00,560 --> 00:03:03,680 week in that ridiculous war that should have never happened. 48 00:03:04,319 --> 00:03:06,919 If we had a normal not even a great president. 49 00:03:07,080 --> 00:03:09,639 If we had a normal president, that wouldn't have happened. 50 00:03:09,639 --> 00:03:12,240 But we had a guy that didn't have a clue. 51 00:03:12,680 --> 00:03:15,680 And they're losing, think of it, five to seven thousand 52 00:03:15,719 --> 00:03:17,759 a week. So even these guys say, I'll say, okay, 53 00:03:17,840 --> 00:03:20,159 let's meet next week. I say, you can't meet next week. 54 00:03:20,560 --> 00:03:23,319 Next week you're gonna have seven thousand more dead people. 55 00:03:23,439 --> 00:03:25,960 You can't do that. You got to get this thing done. 56 00:03:26,000 --> 00:03:28,599 One of the things at the table was one of 57 00:03:28,639 --> 00:03:31,400 the gentlemen, who's a great guy. But he said, I 58 00:03:32,039 --> 00:03:35,039 hope I didn't insult him. He said, well, let's meet 59 00:03:35,080 --> 00:03:36,840 in another month or two and let's see if we 60 00:03:36,919 --> 00:03:39,039 can start, you know, making some money. He said, a 61 00:03:39,120 --> 00:03:42,360 month or two. You're gonna have another forty thousand people 62 00:03:42,439 --> 00:03:43,960 dead in a month or two. You have to do 63 00:03:44,000 --> 00:03:47,879 it tonight. And I did. Actually, I called President Putin 64 00:03:47,960 --> 00:03:51,479 and we're trying to work out a meeting with President Zelynsky. 65 00:03:51,520 --> 00:03:54,000 We'll see what happens there and then if that works out. 66 00:03:54,080 --> 00:03:56,919 If it works out, then I'll go to the Trilath 67 00:03:57,000 --> 00:03:58,360 and close it up. All right. 68 00:03:58,400 --> 00:04:01,680 Speaker 1: So you heard him say and asked about security guarantees 69 00:04:01,719 --> 00:04:05,680 in US troops, boots on the ground, and he said, 70 00:04:05,719 --> 00:04:08,159 you have my assurance we're not going to So now 71 00:04:08,240 --> 00:04:11,800 the answer at least from President Trump is clearly no. 72 00:04:11,800 --> 00:04:16,519 Now I don't mean to be parsing the words too carefully, 73 00:04:16,519 --> 00:04:20,040 but boots on the ground. Does that include? Because they're 74 00:04:20,079 --> 00:04:23,800 talking about that, you can't have a security agreement without 75 00:04:24,279 --> 00:04:27,279 some sort of protection in the sky. So would the 76 00:04:27,399 --> 00:04:32,160 United States Air Force be used to protect the sky? 77 00:04:32,439 --> 00:04:38,839 How about and the Marines they have airplanes, but also 78 00:04:38,920 --> 00:04:42,480 the Navy out in the Black Sea or I don't know. 79 00:04:42,879 --> 00:04:44,600 We're going to have to find out more, and the 80 00:04:44,680 --> 00:04:46,720 details we're not going to find out at any time 81 00:04:47,360 --> 00:04:53,439 real soon. Because one of the correspondents in Moscow says 82 00:04:53,480 --> 00:04:57,120 that the word in Russia is not as positive. 83 00:04:57,519 --> 00:05:00,240 Speaker 5: Yeah, the Kremlin, the Russian Foreign minister really not being 84 00:05:00,199 --> 00:05:03,720 committal so far on wanting a bilateral meeting between Vladimir Zelenski, 85 00:05:03,759 --> 00:05:07,120 the President of Ukraine, and Vladimir Putin, or that trilateral 86 00:05:07,160 --> 00:05:09,600 meeting afterwards. Either it was quite interesting because, of course 87 00:05:09,680 --> 00:05:12,360 yesterday you had that phone call between President Trump and 88 00:05:12,399 --> 00:05:14,839 Vladimir Putin as those meetings were going on in DC. 89 00:05:15,040 --> 00:05:18,959 And even though even then afterwards the readout coming from 90 00:05:19,040 --> 00:05:22,639 the Russians was quite different than what President Trump was saying, 91 00:05:22,839 --> 00:05:26,160 the Russians certainly remained noncommittal to having those meetings. Even 92 00:05:26,240 --> 00:05:28,720 yesterday senior Kremlin aid came out and said that the 93 00:05:28,800 --> 00:05:32,639 Russians and the US had agreed to continue consultations between 94 00:05:32,639 --> 00:05:35,600 the Ukrainians and the Russians, Those, of course have already 95 00:05:35,600 --> 00:05:37,920 been going on so far to very little effect. And 96 00:05:38,000 --> 00:05:40,360 all the Russians have been saying so far is that 97 00:05:40,600 --> 00:05:44,360 it was discussed to possibly raise the level of the representatives, 98 00:05:44,360 --> 00:05:48,160 which could obviously mean to the top level of the president, 99 00:05:48,360 --> 00:05:50,560 but could also mean a variety of other things. And 100 00:05:50,600 --> 00:05:53,600 then today there was an interview by Russian Foreign Minister 101 00:05:53,680 --> 00:05:57,639 Sergei Lavrov with Russian state media where he also appeared 102 00:05:57,639 --> 00:06:00,519 to pour at least cold water on something like this 103 00:06:00,600 --> 00:06:03,279 happening quickly or the Russians being committed to it. I 104 00:06:03,319 --> 00:06:05,879 want to read you really quick what Sergei Lavrov said 105 00:06:05,920 --> 00:06:09,480 in that interview. He said, any contacts involving top officials 106 00:06:09,600 --> 00:06:12,319 must be prepared with the utmost care, he said, and 107 00:06:12,319 --> 00:06:15,399 then we do not refuse any form of work, neither 108 00:06:15,439 --> 00:06:18,399 by lateral or trilateral. So the Russians are saying it's 109 00:06:18,480 --> 00:06:22,560 something that could happen, not necessarily something that will happen. That, 110 00:06:22,680 --> 00:06:24,680 of course, has been their line for quite an extended 111 00:06:24,720 --> 00:06:27,360 period of time. One of the things that Vladimir Putin 112 00:06:27,439 --> 00:06:30,439 had said before the summit in Alaska took place is 113 00:06:30,439 --> 00:06:33,199 that he said that he was never completely against meeting 114 00:06:33,279 --> 00:06:36,000 Voladimir Zelenski, but at the same time, a meeting like 115 00:06:36,040 --> 00:06:38,079 that need to be prepared and there needed to be 116 00:06:38,120 --> 00:06:41,439 several things taken into consideration. He believed that a meeting 117 00:06:41,480 --> 00:06:43,199 like that was still very far off and that the 118 00:06:43,199 --> 00:06:46,319 conditions for such a meeting simply had not yet been met. 119 00:06:46,800 --> 00:06:49,439 One of the things that also makes it quite difficult 120 00:06:49,519 --> 00:06:51,920 for the Russians to agree to such a meeting is 121 00:06:51,920 --> 00:06:55,040 that Russian state media, but also the Kremlin itself, has 122 00:06:55,079 --> 00:06:58,839 painted Voladimir Zelenski as an illegitimate president because of course, 123 00:06:58,839 --> 00:07:02,839 there haven't been a elections in Ukraine. The Russians walking 124 00:07:02,920 --> 00:07:05,360 back from that a little bit now saying that such 125 00:07:05,360 --> 00:07:07,839 a meeting is possible, but certainly at this point in 126 00:07:07,920 --> 00:07:10,319 time at least, not saying that a meeting like that 127 00:07:10,759 --> 00:07:13,560 is in the books anytime soon. Certainly not within the 128 00:07:13,600 --> 00:07:15,680 next week or two. As some have said. Who attended 129 00:07:15,680 --> 00:07:18,319 those meetings in Washington, d C. Yesterday, Yeah, so there 130 00:07:18,319 --> 00:07:18,639 you go. 131 00:07:20,040 --> 00:07:23,040 Speaker 1: Sounds to me that they are putting on a big 132 00:07:23,079 --> 00:07:25,560 stall job, that they're going yeah, yeah, yeah, yeah. We 133 00:07:25,920 --> 00:07:29,240 need to have everything prepared, We need to line up 134 00:07:29,279 --> 00:07:32,600 our pencils. It sounds to me like they are not 135 00:07:32,800 --> 00:07:36,600 eager to stop this in any short period of time. 136 00:07:37,079 --> 00:07:41,480 Mark Penn, who is a Democrat strategist, has been putting 137 00:07:41,519 --> 00:07:43,720 out some tweets over the last couple of days. The 138 00:07:43,800 --> 00:07:47,279 one today I wanted to share with you. This is 139 00:07:47,279 --> 00:07:50,120 again Mark Penn writing, this is from what I can see, 140 00:07:50,720 --> 00:07:53,439 nearly a million people have died in the Ukraine War, 141 00:07:54,079 --> 00:07:58,800 and Joe Biden was unable to even attend G seven 142 00:07:58,879 --> 00:08:03,759 meetings with embarrassing the country. In contrast, Donald Trump is 143 00:08:03,800 --> 00:08:10,800 pulling off unprecedented diplomatic feats to advance serious negotiations that 144 00:08:10,920 --> 00:08:13,920 has a reasonable chance of being successful, and the press 145 00:08:13,959 --> 00:08:17,079 coverage of it has been ludicrous. If Obama had pulled 146 00:08:17,079 --> 00:08:19,519 off these things, it would be hailed as a tour 147 00:08:19,600 --> 00:08:24,680 de force rather than downplaye and naysaying everything we see 148 00:08:24,839 --> 00:08:27,560 in the press. He may or may not be successful, 149 00:08:28,079 --> 00:08:31,600 but it is incredible effort that should be respected and applauded, 150 00:08:31,959 --> 00:08:35,320 and for the people involved, a new hope for designing 151 00:08:35,399 --> 00:08:40,159 a lasting peace with real enforcement, unlike the previous empty 152 00:08:40,279 --> 00:08:43,919 security guarantees. I mean, I couldn't say it any better. 153 00:08:44,480 --> 00:08:46,600 It's exactly what it is. I mean. Joe Biden did 154 00:08:46,639 --> 00:08:53,519 not lift a finger, and the Secretary of State did 155 00:08:53,600 --> 00:08:56,440 nothing other than wring his hands and talk about how 156 00:08:56,480 --> 00:08:59,519 they're working diligently on trying to find some peace and 157 00:08:59,639 --> 00:09:02,960 never together. I would say on the program, for those 158 00:09:02,960 --> 00:09:05,519 of you that listen to my radio show, I've said 159 00:09:05,559 --> 00:09:08,399 it for the last three and a half years, why 160 00:09:08,399 --> 00:09:11,279 doesn't Joe Biden try and put together some sort of 161 00:09:11,320 --> 00:09:14,879 peace deal? Why doesn't he bring the parties together? He 162 00:09:14,960 --> 00:09:21,639 did nothing, and Anthony Blinken did nothing. So it is 163 00:09:22,039 --> 00:09:25,320 I hope and pray that that Donald Trump is successful 164 00:09:26,120 --> 00:09:29,399 and he's able to pull this off. And I don't 165 00:09:29,440 --> 00:09:33,600 care about the Nobel Prize. He should get it, but 166 00:09:33,639 --> 00:09:36,519 that's not the point. I think he cruly is genuinely 167 00:09:36,960 --> 00:09:40,519 trying to stop the killing. He brings it up all 168 00:09:40,559 --> 00:09:43,559 the time. But I'll tell you on the other side, 169 00:09:43,559 --> 00:09:47,480 I think Vladimir Putin is not interested in stopping the killing. 170 00:09:47,600 --> 00:09:50,720 He's interested. He only has one thing on his mind, 171 00:09:51,200 --> 00:09:53,759 and that is, and we've all learned about it over 172 00:09:53,799 --> 00:09:56,879 the years, that he wants to bring back Mother Russia. 173 00:09:57,919 --> 00:10:00,600 That's what he wants, and Ukraine is a big piece 174 00:10:00,679 --> 00:10:03,360 of that. And I don't think he's going to stop. 175 00:10:04,519 --> 00:10:09,200 He's going to try to make Ukraine part of Russia again, 176 00:10:09,879 --> 00:10:12,960 the former Soviet Union. And I don't think all of 177 00:10:13,000 --> 00:10:15,679 his other I think he's just stalling, and that he's 178 00:10:15,799 --> 00:10:19,799 very good at stalling. I don't know how long President 179 00:10:19,799 --> 00:10:21,600 Trump is going to put up with it, because I 180 00:10:21,639 --> 00:10:27,159 think everybody can see what's going on. So Mike Pompeo, 181 00:10:27,279 --> 00:10:30,519 former Secretary of State, guy who actually did know what 182 00:10:30,559 --> 00:10:35,000 he was doing. Do you know he was the top 183 00:10:35,679 --> 00:10:39,919 valvictorian for his West Point class. Yeah, he graduated from 184 00:10:39,919 --> 00:10:43,440 West Point, went into the army, did. I don't know 185 00:10:43,480 --> 00:10:45,879 why he left the army, but he became a congressman, 186 00:10:46,720 --> 00:10:52,039 and then from Congress he was the CIA director in 187 00:10:52,080 --> 00:10:57,440 Trump one point zero and then Secretary of State. I 188 00:10:57,440 --> 00:10:59,320 don't know why Donald Trump didn't bring him back. I 189 00:10:59,360 --> 00:11:02,759 think the guy is excellent. In any case, this is 190 00:11:02,759 --> 00:11:06,919 what he had to surmise about where everything sits right now, Well. 191 00:11:06,840 --> 00:11:09,759 Speaker 6: I think that'd be real progress. Certainly wouldn't happen to 192 00:11:09,799 --> 00:11:12,600 under President Biden. Look, they'll get a chance to both 193 00:11:12,879 --> 00:11:16,519 state their positions. They'll each state maximalist to relatively maximalist 194 00:11:16,559 --> 00:11:19,840 positions because they know that there is some tough negotiating 195 00:11:19,840 --> 00:11:21,600 that lays ahead. So neither of them is going to 196 00:11:21,679 --> 00:11:24,000 walk in with just a deal that the other one's 197 00:11:24,000 --> 00:11:26,240 going to say yes to, So we shouldn't hope for that. 198 00:11:26,840 --> 00:11:29,279 But they'll begin to take the measure of where you 199 00:11:29,279 --> 00:11:32,360 can actually resolve this and you start to see it 200 00:11:32,360 --> 00:11:34,720 take shape. You heard the European leaders talk about this 201 00:11:34,799 --> 00:11:37,679 in the White House yesterday. They began to think about 202 00:11:37,720 --> 00:11:40,519 what the security guarantees would look like, what the architecture 203 00:11:40,679 --> 00:11:43,440 of that would look like, realistically, where the line of 204 00:11:43,480 --> 00:11:47,600 contact might resolve and ultimately how you might deliver a long, 205 00:11:47,840 --> 00:11:50,399 just and lasting piece in Europe in a way that 206 00:11:50,720 --> 00:11:53,279 President Biden simply couldn't achieve to be. The line of 207 00:11:53,279 --> 00:11:56,360 contact will almost certainly be wherever the forces are, that is, 208 00:11:56,360 --> 00:11:59,120 where the actual line of contact exists when the agreement 209 00:11:59,159 --> 00:12:01,679 is reached. I think that's why it's going to require 210 00:12:01,679 --> 00:12:04,120 even more US pressure in the days and weeks ahead, 211 00:12:04,200 --> 00:12:07,159 because Putin today thinks, look, why do a cease fire 212 00:12:07,200 --> 00:12:10,320 if you're inching along and it's expensive, lots of manpower, 213 00:12:10,399 --> 00:12:14,000 lots of losses, but still firing a couple hundred rockets 214 00:12:14,080 --> 00:12:18,080 drones into Ukraine every night, putting pressure on Zelenski and 215 00:12:18,120 --> 00:12:20,840 then making advances along that line. So I think he's 216 00:12:20,840 --> 00:12:23,559 going to chase real estate until the agreement hits, and 217 00:12:23,639 --> 00:12:25,799 the United States is going to have to demonstrate that 218 00:12:25,919 --> 00:12:29,240 it and its European partners are prepared to impose real 219 00:12:29,279 --> 00:12:32,120 cost on Putin before he'll come to say yep, okay, 220 00:12:32,200 --> 00:12:34,879 good enough and then allow the security architecture to fall 221 00:12:34,879 --> 00:12:39,159 into place. Remember what Putin will be giving up by 222 00:12:39,159 --> 00:12:42,399 allowing the security architecture. Everybody talks about troops on the ground, 223 00:12:42,720 --> 00:12:44,879 The most important thing he'll be giving up is that 224 00:12:44,960 --> 00:12:48,279 the Ukrainian airspace will be patrolled by the Coalition of 225 00:12:48,320 --> 00:12:50,679 the Willing, no longer missiles and rockets able to be 226 00:12:50,720 --> 00:12:54,480 fired into Kievan surrounding civilian populaces. So he's going to 227 00:12:54,600 --> 00:12:57,279 keep at this on the ground until there is economic pressure. 228 00:12:57,559 --> 00:12:59,960 I think the way you just described it, it makes sense, 229 00:13:00,320 --> 00:13:03,679 and we shouldn't forget the critical nature of these secondary sanctions, 230 00:13:04,039 --> 00:13:07,639 not only against India, our friend, our partner, but against 231 00:13:07,639 --> 00:13:11,679 the Chinese who continue to provide resources to the Russians 232 00:13:11,720 --> 00:13:13,360 that are killing Ukrainian kids every night. 233 00:13:13,440 --> 00:13:18,279 Speaker 1: If Pompeo also responded to the reporting about the peace 234 00:13:18,440 --> 00:13:22,879 efforts put on by President Trump and right along the 235 00:13:22,919 --> 00:13:28,080 same lines that Mark Penn wrote his tweet in X 236 00:13:28,200 --> 00:13:33,039 Today about the fact that at least President Trump is 237 00:13:33,080 --> 00:13:37,159 giving it an effort, a major effort, a good effort, 238 00:13:37,440 --> 00:13:41,679 and Donald, I mean Joe Biden did literally nothing. 239 00:13:42,000 --> 00:13:44,679 Speaker 6: It's actually worse today than when Agnew made that statement. 240 00:13:45,039 --> 00:13:48,200 They were just ignorant. Then now they are downright malicious 241 00:13:48,360 --> 00:13:51,200 and anti Trump. And you can see that. Look they 242 00:13:51,320 --> 00:13:54,080 forgot that President Trump for four years didn't give up 243 00:13:54,120 --> 00:13:56,320 an inch or allowed an inch of Ukraine to be 244 00:13:56,360 --> 00:13:58,840 given up. We were very successful to turning letteric. But 245 00:13:58,960 --> 00:14:02,000 they forget the historical fact that this invasion occurred because 246 00:14:02,000 --> 00:14:04,600 for a year, putent build up troops, and the United 247 00:14:04,600 --> 00:14:07,440 States and Europe did nothing. And so you know, my 248 00:14:07,480 --> 00:14:09,159 advice to the White House and the press team is 249 00:14:09,200 --> 00:14:13,639 ignore these these these folks, it's all just foolishness. Can 250 00:14:13,679 --> 00:14:16,519 stay on the mission, stay focused, get real objectives, get 251 00:14:16,519 --> 00:14:19,600 real outcomes on the ground, and deliver a justin lasting 252 00:14:19,639 --> 00:14:22,639 piece for Europe. It's achievable. It's a lot of hard work. 253 00:14:22,840 --> 00:14:25,120 But if you pay attention to York Times in the 254 00:14:25,200 --> 00:14:28,559 Washing Post, you're only gonna cause you're your own cardiologists 255 00:14:28,559 --> 00:14:29,840 to have to prescribe more metas. 256 00:14:29,960 --> 00:14:33,679 Speaker 1: So this is going to take a while, but at 257 00:14:33,759 --> 00:14:37,279 least forward progress is being made. You want to talk 258 00:14:37,320 --> 00:14:41,600 about some place where there's no zero products, talk about 259 00:14:42,039 --> 00:14:46,759 doing nothing, accomplishing nothing. Can we talk about the Texas Democrats. 260 00:14:47,480 --> 00:14:50,320 I don't know how you feel about all this redistricting thing, 261 00:14:51,080 --> 00:14:56,200 but the Texas Democrats look downright foolish in my eyes. 262 00:14:56,279 --> 00:14:58,679 I don't understand. You knew this was going to be 263 00:14:58,720 --> 00:15:02,240 the outcome, knew what the score was going to be. 264 00:15:02,720 --> 00:15:06,600 So the Texas. Democrats have gone back to Texas and 265 00:15:06,679 --> 00:15:11,279 the legislature is back in session and they are back 266 00:15:11,320 --> 00:15:14,879 to debating a lot of different issues facing the state 267 00:15:14,919 --> 00:15:18,679 of Texas. It's the second special session that Governor Abbott 268 00:15:18,679 --> 00:15:22,960 has called. They go for thirty days. It expired while 269 00:15:23,000 --> 00:15:27,000 they were gone, so they called another special session. So 270 00:15:27,039 --> 00:15:30,000 they're now going to be debating a lot of different things, 271 00:15:30,039 --> 00:15:35,240 but one of them will be obviously redrawing the legislative districts. 272 00:15:35,840 --> 00:15:41,799 The thing about all of this is California is trying 273 00:15:42,039 --> 00:15:44,240 to They're not trying to do it, and they look 274 00:15:44,279 --> 00:15:47,799 foolish too, because California says that they're going to try 275 00:15:47,840 --> 00:15:51,759 to get more democratic seats, and what they have to 276 00:15:51,799 --> 00:15:54,159 do is they have to go to the people and 277 00:15:54,279 --> 00:15:57,919 get their permission to draw them. Because the people took 278 00:15:58,000 --> 00:16:01,279 that away from the California politic editions and gave it 279 00:16:01,320 --> 00:16:04,879 to an independent commission and put it in the state constitution. 280 00:16:05,360 --> 00:16:08,320 So what they have to Democrats in California have to 281 00:16:08,480 --> 00:16:15,000 remove that permission. They have to adjust the constitution somehow 282 00:16:15,679 --> 00:16:20,799 and then hope that people vote Democrat in the area. 283 00:16:21,200 --> 00:16:26,240 There's significant areas of California, not the majority where it's 284 00:16:26,279 --> 00:16:31,399 all read it's Republican. The population centers Los Angeles and 285 00:16:31,440 --> 00:16:35,039 San Francisco are deep, deep blue, so I don't even 286 00:16:35,080 --> 00:16:37,039 know if they'll be able to change any of that. 287 00:16:38,000 --> 00:16:42,159 But what they're doing is at the behest of Gavin Newsom, 288 00:16:42,600 --> 00:16:47,080 who wants to be the Democrat Party savior. He's been 289 00:16:47,240 --> 00:16:53,320 very weird lately, writing very strange messages. He appears to 290 00:16:53,360 --> 00:16:57,480 be making the same strategic mistake that Hillary Clinton made 291 00:16:57,519 --> 00:17:01,120 a bunch of Democrats have made, which is vote for 292 00:17:01,200 --> 00:17:04,400 me because I'm not Donald Trump. They hate Trump so 293 00:17:04,640 --> 00:17:07,680 much that that's all they can focus on. It's not 294 00:17:07,799 --> 00:17:11,720 about what can I do to help you with your life. 295 00:17:11,839 --> 00:17:17,400 So I got a call from Barbara who lives in California, 296 00:17:17,519 --> 00:17:20,799 and she's befuddled by what Newsom is doing as well. 297 00:17:21,200 --> 00:17:24,799 Speaker 4: I just wanted to bring to the attention of who's 298 00:17:24,880 --> 00:17:28,039 ever on air right now that Newsom, being all over 299 00:17:28,079 --> 00:17:35,279 the airwaves with his awful awfulness of himself, has doing 300 00:17:35,319 --> 00:17:37,960 this because of the fact that that guest tax in 301 00:17:38,000 --> 00:17:41,599 California that they were so trying to tamper down with 302 00:17:41,759 --> 00:17:47,240 his handsticked group of people just jumped by thirty cents 303 00:17:47,240 --> 00:17:51,079 a gallon in California in the last week. I just 304 00:17:51,119 --> 00:17:53,720 thought that needs to be brought to the attention of 305 00:17:54,079 --> 00:17:57,400 all of the public. The views he snuck that in, 306 00:17:57,519 --> 00:18:00,279 and he's all over the news about Trump ump and 307 00:18:00,319 --> 00:18:03,039 everything else. And he's done, snuck his gas tax in, 308 00:18:03,440 --> 00:18:07,000 jumped our prices thirty cents just last week, and it's 309 00:18:07,000 --> 00:18:09,759 going to go up again and again and again under him. 310 00:18:10,279 --> 00:18:12,400 Thanks goodbye. 311 00:18:12,519 --> 00:18:17,039 Speaker 1: Well you can tell Barbara's not happy. But we're really 312 00:18:17,079 --> 00:18:19,400 talking about Texas and the fact that they're trying to 313 00:18:19,559 --> 00:18:22,960 redraw their lines. And again we'll see what the voters 314 00:18:22,960 --> 00:18:29,240 do in Texas, also in California. But California has another problem. 315 00:18:29,279 --> 00:18:32,079 This is Gavin Newsome that most people don't know about. 316 00:18:32,519 --> 00:18:35,640 She lives there locally, but I'll bet you nobody knows 317 00:18:35,680 --> 00:18:39,000 what the average price of gas is in California other 318 00:18:39,079 --> 00:18:42,599 than people that live in California. But I'm looking at 319 00:18:42,640 --> 00:18:46,039 a triple a. The average gas price in the nation 320 00:18:46,200 --> 00:18:50,240 right now is three dollars and thirteen cents. Here in 321 00:18:50,279 --> 00:18:53,599 New York, that's about where it is. We see. I've 322 00:18:53,599 --> 00:18:56,680 seen some gas stations with a two in front of 323 00:18:56,680 --> 00:19:03,799 a two five. So national average three dollars thirteen cents California. 324 00:19:04,480 --> 00:19:07,599 Most of this is because of taxes that they have 325 00:19:07,720 --> 00:19:13,279 assessed on top of gasoline prices. The average gasoline price 326 00:19:13,359 --> 00:19:16,359 for the cheap stuff is now four dollars and forty 327 00:19:16,440 --> 00:19:20,680 nine cents versus three p thirteen across the nation. I 328 00:19:20,720 --> 00:19:23,319 don't see how he's going to run for president and 329 00:19:23,359 --> 00:19:25,880 not be asked about, Hey, how come you, how come 330 00:19:25,920 --> 00:19:30,640 you can't manage the California gas prices? Yeah, so four 331 00:19:30,759 --> 00:19:33,960 forty nine. I'm looking on the map here, though, and 332 00:19:34,000 --> 00:19:40,079 there's some that are worse than that. Sam Louis Obispo 333 00:19:40,200 --> 00:19:46,519 County four dollars eighty four cents. Let's see what else 334 00:19:46,599 --> 00:19:51,559 I got, Oh, Mono County up by Yosemite, five dollars 335 00:19:52,000 --> 00:19:56,880 and eighty one cents a gallon, And that's the average 336 00:19:57,640 --> 00:20:04,279 for that part of California. Back to Texas, though, because Barbara, 337 00:20:04,279 --> 00:20:06,480 thank you, and I'm sure she just kept my number 338 00:20:06,519 --> 00:20:10,480 from when I was doing my radio show. She wanted 339 00:20:10,480 --> 00:20:14,119 to talk to anybody that was on the air. Well, 340 00:20:14,279 --> 00:20:17,279 I get what's going on. Carl Rove though, was asked 341 00:20:17,319 --> 00:20:22,960 about this whole business of redistricting going on in Texas. Well, Look, 342 00:20:23,279 --> 00:20:26,279 the Texas map is not going to be overturned. It 343 00:20:26,359 --> 00:20:29,599 creates two black majority districts for the first time in 344 00:20:29,599 --> 00:20:33,279 Texas history, and creates an eighth one more additional the 345 00:20:33,319 --> 00:20:37,400 eighth Hispanic majority population district. The Voting Rights Act is 346 00:20:37,440 --> 00:20:40,279 going to be is going to be a good cover 347 00:20:40,359 --> 00:20:44,920 for it to be done. And look, California has already jerrymandered. 348 00:20:45,279 --> 00:20:47,400 Donald Trump got thirty eight percent of the vote there 349 00:20:47,400 --> 00:20:50,480 and eighty three percent of the members of the delegation 350 00:20:50,680 --> 00:20:54,920 are Democrats. The new map, if the Republicans do take 351 00:20:54,960 --> 00:20:57,079 five seats, and remember one of them, they're going to 352 00:20:57,079 --> 00:21:00,400 have to defeat and a popular, albeit troubled, incumbent Democrat 353 00:21:00,599 --> 00:21:04,720 who ran six points ahead of Kamala Harris. So no, 354 00:21:05,079 --> 00:21:08,119 there's no guarantee that it's going to be five. Even 355 00:21:08,160 --> 00:21:10,599 if they get all five, though the state is going 356 00:21:10,640 --> 00:21:14,119 to is going to have a bigger delegation of Democrats 357 00:21:14,440 --> 00:21:18,400 a percentage wise, then there are Republicans in California or 358 00:21:18,920 --> 00:21:20,200 New York or Illinois. 359 00:21:20,519 --> 00:21:20,599 Speaker 4: No. 360 00:21:20,720 --> 00:21:23,200 Speaker 7: In fact, I think the gap is eighty million dollars 361 00:21:23,279 --> 00:21:26,680 raised by the Republican National Committee and fifteen million dollars 362 00:21:26,759 --> 00:21:29,799 raised by the Democratic National Committee. And that's bad, but 363 00:21:29,920 --> 00:21:33,839 it ain't that's only the beginning. The Republican Congressional Super 364 00:21:33,839 --> 00:21:37,440 pac Senate Leadership Fund Congressional Leadership Fund raised fifty nine 365 00:21:37,480 --> 00:21:39,759 million dollars in the first first half of the year 366 00:21:39,960 --> 00:21:42,799 have sixty two million dollars cash on hand. The Democrat 367 00:21:42,960 --> 00:21:46,599 Congressional Senate and House Committee raised thirty nine million and 368 00:21:46,680 --> 00:21:49,799 have thirty six million cash on hand. Then the GP 369 00:21:49,960 --> 00:21:53,599 House members in battleground districts are raising about twenty five 370 00:21:53,640 --> 00:21:57,839 percent more than Democrats in battleground districts. And then looming 371 00:21:57,880 --> 00:22:00,920 behind it all is Donald Trump has si President Trump 372 00:22:00,960 --> 00:22:04,680 has set up a super pack to support Republican members 373 00:22:04,680 --> 00:22:06,640 of the House and Senate, and he has raised two 374 00:22:06,759 --> 00:22:09,559 one hundred million dollars as of the end of the 375 00:22:10,119 --> 00:22:12,119 first half of the year. Well, you've got to go 376 00:22:12,160 --> 00:22:14,359 in knowing that there's as of today, going to be 377 00:22:14,400 --> 00:22:18,039 a big, big, big financial hill to climb. The question 378 00:22:18,119 --> 00:22:20,000 is are the Democrats going to get their acting? There 379 00:22:20,000 --> 00:22:22,119 are plenty of time to get that done, but they 380 00:22:22,160 --> 00:22:24,279 have to have the leadership to do it. And so 381 00:22:24,400 --> 00:22:26,839 far this year they're being outgunned on the money front, 382 00:22:26,880 --> 00:22:29,039 and they're going to have to do a lot lot 383 00:22:29,079 --> 00:22:30,559 more and they're going to have to get some generous 384 00:22:30,559 --> 00:22:33,319 people like George Soros and others to drop lots of 385 00:22:33,319 --> 00:22:35,240 money in it, and that itself is a problem because 386 00:22:35,279 --> 00:22:36,359 then it becomes an issue. 387 00:22:36,480 --> 00:22:41,079 Speaker 1: So one of the other questions is, well, Texas will California. 388 00:22:41,599 --> 00:22:44,559 Will they get all of this redistrict team done if 389 00:22:44,599 --> 00:22:47,799 they get any of it done before the midterm. 390 00:22:47,319 --> 00:22:50,839 Speaker 7: Election, Well, Texas will because we are filing. Deadline is 391 00:22:50,880 --> 00:22:55,359 not until later in the year. And you know, the 392 00:22:55,359 --> 00:22:57,440 court challenges are going to be the key that the 393 00:22:57,480 --> 00:22:59,279 Democrats are not going to be able to sort of 394 00:22:59,319 --> 00:23:02,559 begin to sort of say we're going to run until 395 00:23:02,559 --> 00:23:06,319 after the November fall of the November constitution election. If 396 00:23:06,359 --> 00:23:08,759 they win it, which is two thirds of the voters 397 00:23:08,839 --> 00:23:11,480 today say they're not four taking the power away from 398 00:23:11,480 --> 00:23:13,039 the Independent Commission the. 399 00:23:13,000 --> 00:23:16,319 Speaker 1: Car right up. The fights will be in court. Everybody's 400 00:23:16,319 --> 00:23:20,400 going to be issuing everybody. Governor Abbott thinks that Texas 401 00:23:20,519 --> 00:23:21,400 is going to be just fine. 402 00:23:21,519 --> 00:23:25,960 Speaker 8: What the Democrats have done is disgraceful and potentially illegal. 403 00:23:26,000 --> 00:23:28,640 I'll tell you this much. If California theresould try to 404 00:23:28,640 --> 00:23:30,759 squeeze out more Republicans, they're going to be lawsuits, say 405 00:23:30,799 --> 00:23:32,559 we'll overturn that. What I can tell you in the 406 00:23:32,559 --> 00:23:35,559 state of Texas, the five Republicans seats that we are adding, 407 00:23:35,759 --> 00:23:39,039 they are going to withstand legal challenges and those will 408 00:23:39,039 --> 00:23:41,920 be Republican members added to the United States Congress. 409 00:23:42,240 --> 00:23:43,680 Speaker 1: So this has a long way to go. It has 410 00:23:43,720 --> 00:23:46,400 to go through the courts and that will take months 411 00:23:46,440 --> 00:23:52,480 at the very least. In other news, it's not a 412 00:23:52,519 --> 00:23:55,319 shakeup yet, but it really is a shakeup at the FBI. 413 00:23:56,400 --> 00:24:01,720 Pam Bondi has asked Andrew Bailey, who is the Attorney 414 00:24:01,759 --> 00:24:05,839 general for the state of Missouri, to be the co 415 00:24:06,000 --> 00:24:12,640 deputy FBI director. So ag in Missouri, big conservative guy. 416 00:24:13,200 --> 00:24:15,480 All the media was all griping about the fact that, 417 00:24:15,559 --> 00:24:18,359 oh my gosh, he's a big conservative. What do you 418 00:24:18,519 --> 00:24:21,759 think a conservative president is going to a point? And 419 00:24:21,839 --> 00:24:23,880 Pam Bondi is going to a point. The big thing 420 00:24:23,920 --> 00:24:27,319 out of all of this is Dan Bongino. Remember he 421 00:24:28,519 --> 00:24:33,359 kind of threw down the gauntlet about this whole process 422 00:24:33,440 --> 00:24:37,720 when the Epstein files all of a sudden did not appear. 423 00:24:38,480 --> 00:24:42,400 In fact, Evan Perez, who is a lawyer, had this 424 00:24:42,799 --> 00:24:44,799 to say about the shakeup at the FBI. 425 00:24:45,319 --> 00:24:48,480 Speaker 9: Well, the question is how much longer is Dan Bongino 426 00:24:48,680 --> 00:24:52,119 in that job. It appears perhaps not for very long. 427 00:24:52,200 --> 00:24:57,000 And so what President Trump, what Pamel Bondi, the attorney general, 428 00:24:57,119 --> 00:24:59,960 was doing, is bringing on a fierce loyalist to prey 429 00:25:00,400 --> 00:25:04,440 Trump in Andrew Bailey. He is currently the attorney general 430 00:25:04,680 --> 00:25:07,599 for the state of Missouri. But he's shown that he 431 00:25:07,720 --> 00:25:11,160 is very very much pro Maga, pro Trump. He has 432 00:25:11,200 --> 00:25:13,559 done a number of things, including, of course, endorsing the 433 00:25:13,599 --> 00:25:16,880 president's claim that he won the twenty twenty election. He 434 00:25:17,880 --> 00:25:22,160 sued the federal government repeatedly, including over student loan forgiveness, 435 00:25:22,680 --> 00:25:25,119 tried to sue the State of New York until the 436 00:25:25,160 --> 00:25:29,440 Supreme Court rejected it, to try to stop Trump's sentencing 437 00:25:29,720 --> 00:25:32,759 in that hush money case in New York, New York State. 438 00:25:33,200 --> 00:25:36,319 And so now he's going to be taking place alongside 439 00:25:36,599 --> 00:25:39,799 Dan Bongino. That basically the people who day to day 440 00:25:39,880 --> 00:25:42,240 run the FBI. It's a very unusual thing. We've never 441 00:25:42,279 --> 00:25:45,920 seen something like this before. And of course the question 442 00:25:46,119 --> 00:25:50,200 is why do you need a second co director deputy 443 00:25:50,200 --> 00:25:52,640 director of the FBI. Well, the reason is because Dan 444 00:25:52,680 --> 00:25:56,000 Bongino and Pam Bondi had a confrontation a few weeks 445 00:25:56,000 --> 00:25:58,960 ago over the handling of those Jeffrey Epstein file. He 446 00:25:59,279 --> 00:26:01,680 essentially through the on a gauntlet and told the White 447 00:26:01,720 --> 00:26:05,440 House it's either Bondy or me and Cash Battel. And 448 00:26:05,480 --> 00:26:09,559 in the end it's clear the President has chosen Pam 449 00:26:09,559 --> 00:26:13,839 Bondi because Bongino is widely expected to not be very 450 00:26:13,880 --> 00:26:14,640 long for the shop. 451 00:26:14,720 --> 00:26:14,920 Speaker 6: Now. 452 00:26:15,359 --> 00:26:19,839 Speaker 9: In reaction to the announcement last night from Bondi, there 453 00:26:20,000 --> 00:26:23,519 was a social media posting from Bongino. He said welcome 454 00:26:23,920 --> 00:26:28,799 and posted three American flag emojis. Obviously everybody appears to 455 00:26:28,799 --> 00:26:30,960 be trying to sing from the same song sheet, but 456 00:26:31,000 --> 00:26:33,960 it's clear that Bongino is on his way out. 457 00:26:34,079 --> 00:26:37,559 Speaker 1: Yeah, that would be well, not surprised since he did 458 00:26:37,559 --> 00:26:41,920 get into a confrontation with Pam Bondi. His well, Cash 459 00:26:41,920 --> 00:26:45,559 Battel is his boss. But Cash Bateel's boss is Pam Bondy. 460 00:26:45,799 --> 00:26:49,519 And I mean the writing was on the wall, so 461 00:26:50,079 --> 00:26:53,680 Bongino was still there. But you can't have two co 462 00:26:53,960 --> 00:26:58,039 deputy directors of the FBI, So we'll see. I wish 463 00:26:58,119 --> 00:27:00,559 Dan well, but I don't I think he's going to 464 00:27:00,640 --> 00:27:04,759 have much more tenure at the FBI. And Scott Besson 465 00:27:04,839 --> 00:27:08,480 the Treasury Secretary had a lot of news this morning. 466 00:27:08,559 --> 00:27:13,599 He was on CNBC and the first question that was 467 00:27:13,720 --> 00:27:16,960 asked is one that I do not I'm sorry, I 468 00:27:17,000 --> 00:27:22,039 do not like this. Remember when Barack Obama, President Obama, 469 00:27:23,119 --> 00:27:25,440 I forget one hundred million dollars. I think it went 470 00:27:25,480 --> 00:27:33,200 to Celeindra and they went bankrupt and we the tax players, 471 00:27:33,240 --> 00:27:36,599 lost one hundred million dollars on that deal. And everybody, 472 00:27:36,640 --> 00:27:39,519 including me, was screaming at the time the government should 473 00:27:39,559 --> 00:27:45,160 stay out of the private sector because otherwise the government 474 00:27:45,359 --> 00:27:50,680 then promotes the private sector company that they're putting money into. Well, 475 00:27:50,799 --> 00:27:57,000 guess what the Chips Act, which wound up helping supposedly, 476 00:27:57,079 --> 00:28:01,279 it really hasn't helped produce moreps here in the United States. 477 00:28:01,279 --> 00:28:08,319 Computer chips, No, not potato chips, computer chips and Hello salty. 478 00:28:08,880 --> 00:28:15,279 So what is? Intel has just had a terrible time 479 00:28:15,640 --> 00:28:17,920 and they've fallen behind. They used to be the leader 480 00:28:18,319 --> 00:28:22,440 of everything in semiconductors and chips, but they've fallen behind. 481 00:28:22,519 --> 00:28:26,400 And the President went after the new CEO they recently 482 00:28:26,440 --> 00:28:30,279 brought in because years ago he did some business with 483 00:28:30,359 --> 00:28:34,640 Chinese companies, and so the Intel CEO went to the 484 00:28:34,640 --> 00:28:38,559 White House a couple of days ago, and they came 485 00:28:38,640 --> 00:28:40,960 out in a big love fest that the President thought 486 00:28:41,000 --> 00:28:44,039 this guy was great. So I thought, okay, they've smoothed 487 00:28:44,039 --> 00:28:49,519 over the ruffles at Intel. But now we find out 488 00:28:49,680 --> 00:28:53,480 that soft Bank, which is headquartered in Tokyo, has just 489 00:28:53,559 --> 00:28:57,200 announced that they are going to make a two billion 490 00:28:57,319 --> 00:29:01,720 dollar investment in Intel, and that will make a soft 491 00:29:01,759 --> 00:29:08,480 Bank the fifth largest shareholder of Intel. Now, Intel got 492 00:29:08,559 --> 00:29:13,200 a lot of money from the Chips Act that was 493 00:29:13,240 --> 00:29:17,000 passed in twenty twenty two. And what President Trump wants 494 00:29:17,039 --> 00:29:20,000 to do, and this is what I'm totally against, is 495 00:29:20,039 --> 00:29:23,960 they want to swap out the money from the Chips 496 00:29:23,960 --> 00:29:29,240 Act and had the government take an ownership position in Intel, 497 00:29:30,039 --> 00:29:34,640 a ten percent stake worth about ten billion dollars. And 498 00:29:34,720 --> 00:29:40,440 what that does is it puts Intel into a quasi 499 00:29:40,599 --> 00:29:48,079 government run company. Here's Scott Besn't, the Treasury Secretary, was 500 00:29:48,119 --> 00:29:50,240 asked about all this on CNBC this morning. 501 00:29:50,240 --> 00:29:51,960 Speaker 10: Maybe some of the discussion we were having earlier, and 502 00:29:52,000 --> 00:29:54,839 it relates to Intel and the potential ten percent stake 503 00:29:55,160 --> 00:29:58,720 that the US might take in in that company, and 504 00:29:59,440 --> 00:30:01,119 what you think, I think, what steps you think either 505 00:30:01,119 --> 00:30:04,240 the White House or the Administration might otherwise take to 506 00:30:04,319 --> 00:30:11,119 try to persuade or aggressively sell Intel chips to US companies, 507 00:30:11,200 --> 00:30:13,519 because one of the biggest issues about Intel thus far 508 00:30:13,559 --> 00:30:15,839 has been that they're not selling as many chips as 509 00:30:15,880 --> 00:30:19,000 they should. And the Biden administration actually tried to put 510 00:30:19,000 --> 00:30:22,200 some pressure on big tech companies to buy these chips, 511 00:30:22,240 --> 00:30:24,240 and a lot of those companies said, we don't think 512 00:30:24,240 --> 00:30:25,200 the chips are good enough. 513 00:30:26,839 --> 00:30:29,759 Speaker 11: Yeah, and the last thing we're going to do is 514 00:30:29,839 --> 00:30:32,880 put pressure is take the steak and then try to 515 00:30:33,079 --> 00:30:37,920 drum up business that the steak would be a conversion 516 00:30:38,519 --> 00:30:44,799 of the grants and maybe increase the investment into Intel 517 00:30:44,880 --> 00:30:50,079 to help stabilize the stabilize the company for chip production. 518 00:30:50,400 --> 00:30:54,319 Here in the US, there's no talk of trying to 519 00:30:54,599 --> 00:30:58,079 force companies to buy from Intel. 520 00:30:58,440 --> 00:31:01,720 Speaker 12: But no concern that you know, if you prop up 521 00:31:01,759 --> 00:31:05,519 a company that deserves not to make it that it's 522 00:31:05,640 --> 00:31:07,920 just another example of almost too big to fail? Is 523 00:31:07,960 --> 00:31:11,240 Intel the In the past, the government has been great 524 00:31:11,319 --> 00:31:15,240 at picking winners and losers. But you think, because of 525 00:31:15,319 --> 00:31:21,119 the foundry that Intel has, it's that important that the 526 00:31:21,160 --> 00:31:24,759 government actually helps to keep that viable. 527 00:31:26,079 --> 00:31:29,559 Speaker 11: Joe, they're industries that we have to on Shore. I 528 00:31:29,559 --> 00:31:31,519 think you and I are the only ones in this 529 00:31:31,599 --> 00:31:35,920 conversation old enough to remember the Arab oil embargo in 530 00:31:35,960 --> 00:31:39,319 the seventies and gas lines. And I would say that 531 00:31:39,440 --> 00:31:42,799 the single point of failure for the global economy is 532 00:31:42,920 --> 00:31:45,480 that ninety nine percent of the advanced chips in the 533 00:31:45,519 --> 00:31:50,000 world are made in Taiwan. And for national security, we 534 00:31:50,119 --> 00:31:53,000 have to, you know, we have to stop that single 535 00:31:53,039 --> 00:31:53,799 point of failure. 536 00:31:54,160 --> 00:31:57,279 Speaker 1: So I really don't see the difference between this and Cylindra. 537 00:31:58,079 --> 00:32:00,559 The government, as Joe Kernin said, is not very good 538 00:32:00,599 --> 00:32:03,680 at picking winners and losers. They should not be investing 539 00:32:03,759 --> 00:32:07,000 in the private sector because that private sector company then 540 00:32:07,079 --> 00:32:12,640 becomes essentially an arm of the government. I don't like it, 541 00:32:12,680 --> 00:32:14,759 and I hope it doesn't go through, But this is 542 00:32:15,519 --> 00:32:20,920 getting Intel stock was up substantially today on the news 543 00:32:20,960 --> 00:32:23,599 that maybe the government is going to take a ten 544 00:32:23,640 --> 00:32:26,599 percent ownership in the company. Yeah, stock was up just 545 00:32:26,640 --> 00:32:31,359 about seven percent today. But another point, if I may, 546 00:32:31,480 --> 00:32:34,759 just throwing money at Intel is not going to make 547 00:32:34,839 --> 00:32:39,880 them successful. The successful companies happen to be right now 548 00:32:39,920 --> 00:32:43,200 in Taiwan, and we should do everything in our power 549 00:32:43,759 --> 00:32:47,119 to take a page out of China's playbook where they 550 00:32:47,200 --> 00:32:50,960 subsidize a lot of their companies, but we should do 551 00:32:51,039 --> 00:32:55,480 everything we can to make some make it easier for 552 00:32:56,480 --> 00:32:59,400 some of the Taiwan chip makers to move to the 553 00:32:59,480 --> 00:33:02,559 United States. They are starting to move here. But the 554 00:33:02,599 --> 00:33:07,119 other part about it is the manufacturing of these chips. 555 00:33:07,720 --> 00:33:09,960 You just can't build a plant and move in and 556 00:33:09,960 --> 00:33:15,279 start making chips. This is three to five year effort 557 00:33:16,039 --> 00:33:18,319 from the time you say we're going to build a 558 00:33:18,359 --> 00:33:22,119 plant until the time you start producing these high tech chips. 559 00:33:22,160 --> 00:33:28,000 So I don't like it. I'm I I just don't 560 00:33:28,000 --> 00:33:32,319 want to see the government getting involved even in chip manufacturing. 561 00:33:33,920 --> 00:33:38,319 It just is there's everything wrong about it in my book. 562 00:33:39,240 --> 00:33:41,240 So the stock was up, like I said, just under 563 00:33:41,279 --> 00:33:45,359 seven percent today for Intel. The rest of the market. Again, 564 00:33:45,480 --> 00:33:49,359 we saw the Dow go up and flirt intra day 565 00:33:49,440 --> 00:33:51,759 with a new record high for the Dow, but could 566 00:33:51,799 --> 00:33:55,759 not hang on to it. Dow up ten to forty 567 00:33:55,759 --> 00:34:00,839 four nine twenty two s andp down thirty seven, NASDAK 568 00:34:01,599 --> 00:34:06,200 down three hundred and fourteen. Price of gold fell nineteen 569 00:34:06,279 --> 00:34:09,480 dollars to thirty three point fifty eight, and the price 570 00:34:09,519 --> 00:34:13,480 of oil down a buck sixty two dollars for one 571 00:34:13,519 --> 00:34:17,320 barrel of oil. Thank you for coming by today. We're 572 00:34:17,360 --> 00:34:19,679 going to be back here again tomorrow. Hope to see 573 00:34:19,719 --> 00:34:20,079 you then.