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<v Speaker 1>Pretty much every time that I am encountered with a

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<v Speaker 1>presidential Joint Session of Congress speech, I hate watching it.

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<v Speaker 1>I really hate watching those speeches because you can read

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<v Speaker 1>the whole speech probably in about fifteen minutes, but then

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<v Speaker 1>it takes actually like two hours to get through the

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<v Speaker 1>actual speech because there's so many applause breaks. So I'm

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<v Speaker 1>engaging in that exercise in my analysis of President Trump's

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<v Speaker 1>speech yesterday, and there's a couple of things about the

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<v Speaker 1>speech that I sort of want to note. I wound up,

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<v Speaker 1>I read through the whole thing, and first of all,

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<v Speaker 1>the behavior of the Democrats is just not going to

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<v Speaker 1>look It's not going to reflect well or age well

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<v Speaker 1>for them because they hate Trump so much that they

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<v Speaker 1>can't at least do the kind of like I understand,

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<v Speaker 1>the two political parties don't like each other. I understand

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<v Speaker 1>these kinds of speeches by presidents are you know, nationally

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<v Speaker 1>televised campaign stump speeches, effectively their victory laps, and the

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<v Speaker 1>one side is talking up quite a bit about the

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<v Speaker 1>things it's doing or wanting to do, or criticizing the

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<v Speaker 1>other side in ways that the other side doesn't agree with.

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<v Speaker 1>But they also trot out things that are you know,

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<v Speaker 1>good or try. They bring guests to these State of

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<v Speaker 1>the Union type speeches that are sort of heartwarming stories,

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<v Speaker 1>and you gotta find if you're the side in the minority,

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<v Speaker 1>you're not ever gonna win one of these speeches where

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<v Speaker 1>it's the president talking the president high up his side.

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<v Speaker 1>If you're the side in the opposition, you're never gonna win.

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<v Speaker 1>The key is just don't lose, don't look like an idiot.

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<v Speaker 1>And the Democrats did several things that made them look

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<v Speaker 1>like an idiot. So, first of all, Representative Al Green

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<v Speaker 1>gets himself thrown out by standing up and yelling and

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<v Speaker 1>interrupting the president's speech so much so that Mike Johnson

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<v Speaker 1>basically directed security to escort him out. Then the Democrats

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<v Speaker 1>are holding these little like Plackhart placard things that say

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<v Speaker 1>not true on them, little signs that say, you know,

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<v Speaker 1>Elon Musk steals blah blah blah, like this is a

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<v Speaker 1>baseball game or like it's a or holding out these

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<v Speaker 1>little signs like they're at a silent auction, they're at

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<v Speaker 1>a live auction, or something like, well, what are we

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<v Speaker 1>doing here? This is an address by an American president

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<v Speaker 1>to a joint session of Congress. So I think the

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<v Speaker 1>Democrats just came off again. There's no way for the

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<v Speaker 1>Democrats to win a speech like this. You never win,

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<v Speaker 1>but it's definitely possible for your conduct to make you lose.

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<v Speaker 1>More like the one time Barack Obama gave a joint

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<v Speaker 1>address to Congress and there was that one Republican member

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<v Speaker 1>of the House who stood up and yelled, you lie

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<v Speaker 1>at him, and he just sort of looked like an idiot,

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<v Speaker 1>and it just made the Republicans look worse. I sort

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<v Speaker 1>of think Democrats had that kind of a moment, if

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<v Speaker 1>not a little worse. There was just nothing good that

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<v Speaker 1>was gonna come out of it for them by behaving

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<v Speaker 1>the way they did, and for them too sort of.

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<v Speaker 1>You know, they had a lot of the female members

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<v Speaker 1>of Congress had their pink coordinated outfits, which it's unclear

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<v Speaker 1>what it was even standing for other than abortion, I guess,

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<v Speaker 1>a topic that Trump didn't mention the entire night. They

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<v Speaker 1>just sort of looked bizarre and dumb, and just their

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<v Speaker 1>unwillingness to applaud stuff, even like you know, bipartisan warm

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<v Speaker 1>fuzzy things. You know, the kid who was made an

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<v Speaker 1>honorary Secret Service member, blah blah blah. You know, their

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<v Speaker 1>their unwillingness to applaud even for just good things is

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<v Speaker 1>you know, it doesn't look good. And it brings me

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<v Speaker 1>to kinda the almost the impossible position, that almost the

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<v Speaker 1>impossible problem that Democrats face. Democrats, to keep themselves being

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<v Speaker 1>able to sleep at night, have to tell themselves that

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<v Speaker 1>the problem is their messaging. It's not the message, it's

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<v Speaker 1>the medium, not the message. That you know, if we

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<v Speaker 1>just get another leader like Barack Obama or someone like that,

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<v Speaker 1>then we can still win, we can still rise to

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<v Speaker 1>prominence in American politics. It's not what we believe, it's

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<v Speaker 1>how we transmit it that we just you know, Joe

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<v Speaker 1>Biden was only so effective a messenger of our position.

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<v Speaker 1>Kamala Harris was not an effective messenger of our politics.

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<v Speaker 1>Our politics are still popular, our politics are still good,

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<v Speaker 1>and all we need is just to find the right messenger. Now,

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<v Speaker 1>I will let me admit a couple of things. I

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<v Speaker 1>think both parties have issues that they do very well

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<v Speaker 1>in and issues that they do poorly in. Problem is

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<v Speaker 1>that Democrats are holding on to a lot of positions

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<v Speaker 1>where they are unwilling to change and are doing really poorly,

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<v Speaker 1>and Trump is able to position himself with basically like

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<v Speaker 1>seventy thirty favorable positions. Okay, as an example, let me

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<v Speaker 1>just affirm for you guys this reality. Donald Trump is

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<v Speaker 1>going to keep talking about transgender issues till Kingdom come.

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<v Speaker 1>He's going to keep talking about how he's keeping men

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<v Speaker 1>out of women's sports till Kingdom come, and the Democrats

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<v Speaker 1>are stuck. Democrats have proclaimed that the transgender cause is

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<v Speaker 1>like the human rights cause of our day. They're acting

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<v Speaker 1>like it's Martin Luther King Junior's you know, this is

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<v Speaker 1>the successor to Martin Luther King Junior's cause, is the

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<v Speaker 1>cause for transgenderism. Democrats really said stuff like that, believe

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<v Speaker 1>stuff like that. So now they're stuck with that position.

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<v Speaker 1>And all of a sudden, we've all come to this

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<v Speaker 1>realization in America that, hey, the pro trans argument and

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<v Speaker 1>all that it entails, biological men in women's prisons, biological

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<v Speaker 1>men playing women's sports, has you know, thirty percent favorability.

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<v Speaker 1>So Trump is positioning himself in a position where he

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<v Speaker 1>has seventy percent favorability. Likewise, on the border, all right,

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<v Speaker 1>a lot of what Trump was saying about the border

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<v Speaker 1>is undeniable. A lot of the stuff Trump Trump talked

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<v Speaker 1>about in his speech was undeniable. One that like twenty

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<v Speaker 1>one million people came into the country under Joe Biden.

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<v Speaker 1>That's true, and it's not good. Two that the number

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<v Speaker 1>of attempted illegal border crossings has decreased to essentially nothing

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<v Speaker 1>within a month, month and a half, a month and

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<v Speaker 1>a half after taking office, attempts at illegal border crossings

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<v Speaker 1>have reduced themselves to nothing because the word got out

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<v Speaker 1>that Trump was in charge and that he wasn't taking

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<v Speaker 1>he was not messing around and attempted more illegal border

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<v Speaker 1>crossings have basically reduced down to a trickle. It's that

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<v Speaker 1>that outcome of being tough on illegal immigration in order

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<v Speaker 1>to cut off the flow. That's like a sixty six

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<v Speaker 1>thirty three position. Okay, that's like a sixty six percent

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<v Speaker 1>favorability position. A lot of what Trump was saying about,

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<v Speaker 1>you know, Trump talking really tough about and bringing to

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<v Speaker 1>the State of the Union, address the families of people

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<v Speaker 1>who were victimized by people who shouldn't have been in

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<v Speaker 1>the country in the first place, and were only in

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<v Speaker 1>the country because of lax immigration policy. Lake and Riley's

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<v Speaker 1>family et cetera. Democrats look terrible in comparison to it.

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<v Speaker 1>They can't express of you on immigration like what Trump

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<v Speaker 1>has expressed because of their ideological commitments. So that's another

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<v Speaker 1>massive advantage Trump has with regards to this other disputed issue.

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<v Speaker 1>So Trump has like a couple of these issues, you know,

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<v Speaker 1>tax cuts. Trump wants to make his tax cuts permanent.

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<v Speaker 1>They were his tax cuts, his tax cuts that he

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<v Speaker 1>passed in his first administration. Democrats have to decide are

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<v Speaker 1>we going to begrudgingly make those tax cuts permanent or

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<v Speaker 1>do we vote against it and look like idiots? You know? Again,

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<v Speaker 1>another like sixty six to thirty three Trump advantage position. Meanwhile,

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<v Speaker 1>there's a lot of stuff Trump believes that I think

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<v Speaker 1>don't necessarily have massive popular sort that aren't maybe majority

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<v Speaker 1>popular positions. I don't know that any of Trump's views

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<v Speaker 1>on tariffs necessarily have a majority support. I don't know

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<v Speaker 1>that necessarily everything with how Trump has handled the Ukraine

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<v Speaker 1>situation has necessarily majority support. But he doesn't have like

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<v Speaker 1>that much opposition. I'd say the numbers are maybe like

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<v Speaker 1>people aren't loving the tariff thing. Maybe it's like fifty

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<v Speaker 1>five to forty five. I think maybe people aren't crazy

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<v Speaker 1>about every decision he's made with regards to Ukraine so far.

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<v Speaker 1>Although it seems like the blow up from last Friday,

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<v Speaker 1>the meeting with Zelensky, that that maybe that's not the

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<v Speaker 1>end of the story, and you know that this is

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<v Speaker 1>a thing about foreign policy. I mean, maybe I do

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<v Speaker 1>another segment about this later on in the show. I

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<v Speaker 1>think people get so worked up about the making of

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<v Speaker 1>the pizza of foreign policy and don't focus enough on

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<v Speaker 1>what is the actual end pizza that comes out. Okay, yeah,

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<v Speaker 1>you may not like how I'm kneeding the dough right now,

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<v Speaker 1>but the end result pizza is delicious, Like foreign policy

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<v Speaker 1>has to be judged based on the end result pizza. Okay.

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<v Speaker 1>Trump and Zelensky got into a shouting match, all right.

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<v Speaker 1>Is that going to change the ultimate outcome of things

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<v Speaker 1>with Ukraine? Maybe not. Apparently, Zelenski writes this letter where

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<v Speaker 1>he says, we are very grateful and we're willing to

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<v Speaker 1>sign this deal. You know, Trump was reporting about this

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<v Speaker 1>letter that Zelenski sent, so I don't know, it seems

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<v Speaker 1>like but again, if Trump isn't in a very popular

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<v Speaker 1>position with regards to Ukraine, and I don't even know

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<v Speaker 1>that he is very unpopular with regards how he's dealing

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<v Speaker 1>with your crane. His unpopularity is maybe at the level

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<v Speaker 1>of like fifty to forty five. I think every Republican

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<v Speaker 1>practically other than a few like Beltway mindset folks who

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<v Speaker 1>are like diehard Ukraine supporters, is okay, and let saying,

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<v Speaker 1>let's give Trump some grace here and see how he

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<v Speaker 1>makes what he can do here. His all of Trump's

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<v Speaker 1>negatives are like fifty to forty five negatives and most

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<v Speaker 1>of Trump's many of Trump's positives are seventy to thirty positives.

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<v Speaker 1>He knows it. That's why his like overall approval ratings

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<v Speaker 1>right now are better than they ever were at any

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<v Speaker 1>point in the first administration. He's at like a forty

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<v Speaker 1>eight percent approval rating with only forty three percent negative.

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<v Speaker 1>He's above water on approval rating, which he basically wan

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<v Speaker 1>wasn't for his entire first administration. You know, even with tariffs. Okay,

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<v Speaker 1>Trump spent a lot of time in this speech actually

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<v Speaker 1>talking about tariffs, which you realize is like, Okay, this

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<v Speaker 1>is the stuff that actually really animates him and revs

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<v Speaker 1>his engine. And I think, you know, as someone who's

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<v Speaker 1>not you know, just because you have a microphone in

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<v Speaker 1>your face doesn't mean that you know everything about everything.

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<v Speaker 1>And in fact, I will readily admit I don't know

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<v Speaker 1>everything about everything, and economics is one of my areas

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<v Speaker 1>where I often lack expertise. And the interplay of tariffs

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<v Speaker 1>and how that all works. I'm gonna confess I'm not

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<v Speaker 1>like some grand economics expert. But I think Trump's one

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<v Speaker 1>of the things Trump's sort of asserting, it's a little

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<v Speaker 1>hard to dispute it too much, is because I'm going

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<v Speaker 1>to put tariffs on imports from foreign countries. It's going

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<v Speaker 1>to incentivize American businesses to set up shop in America,

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<v Speaker 1>and that is a long term good thing. I mean,

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<v Speaker 1>I don't think it's a coincidence that Apple announced this

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<v Speaker 1>huge five hundred billion dollar American worker investment shortly after

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<v Speaker 1>Trump takes office, Shortly after Trump's do you know all

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<v Speaker 1>these tariffs with China. I mean, that's the kind of

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<v Speaker 1>thing that's going to spur more investment into into America.

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<v Speaker 1>Now there's some stuff. I mean, Trump is sort of

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<v Speaker 1>like warning people that there might be an adjustment period

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<v Speaker 1>with some of this. He clearly this is the one

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<v Speaker 1>thing that could be a fatal flaw for Trump is

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<v Speaker 1>if food prices don't go down, is if basically if

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<v Speaker 1>costs don't stabilize or go down, that could be a

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<v Speaker 1>real achilles heel for Trump, and that could grow over time.

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<v Speaker 1>I mean, he's only been in office like a month

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<v Speaker 1>and a half. Democrats are already starting to yell about it.

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<v Speaker 1>Anything he does that's not going to result in food

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<v Speaker 1>prices going down, Democrats yell about now. Trump talked specifically

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<v Speaker 1>about even like the price of eggs in America, which

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<v Speaker 1>are ludicrous, and anyone who's buying eggs for a large family,

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<v Speaker 1>as our family is, knows about this problem. Costs of goods,

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<v Speaker 1>costs of living, costs of groceries, costs of food especially

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<v Speaker 1>could be Trump's achilles heel as we come up to

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<v Speaker 1>the twenty twenty six midterms. But if food costs stabilize,

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<v Speaker 1>if inflation sort of levels out, maybe if something can

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<v Speaker 1>happen to get you know, stuff like eggs, you know,

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<v Speaker 1>get the supply chain more stabilized. A lot of the

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<v Speaker 1>reason why eggs are so expensive right now is because

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<v Speaker 1>the USDA ordered one hundred like something like tens hundreds

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<v Speaker 1>of millions of poultry to be killed because of disease

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<v Speaker 1>or suspected disease or something. So wave too few chickens,

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<v Speaker 1>not enough eggs to meet demand, prices go up. Maybe

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<v Speaker 1>if that situation stabilizes, Republicans are going to have a

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<v Speaker 1>lot of things to point to come twenty twenty six

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<v Speaker 1>that are again seventy thirty type issues for them, like

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<v Speaker 1>seventy percent favorability issues for them. And I don't know

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<v Speaker 1>where Democrats are going to go. And that's the problem

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<v Speaker 1>for Democrats. It's not just you know, the problem for

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<v Speaker 1>Democrats is it's not just the messenger, it's the message

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<v Speaker 1>in no small a part. When we return, I'm going

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<v Speaker 1>to talk about all the women who wore pink and

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<v Speaker 1>what exactly were they there representing? Next on the John

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<v Speaker 1>Gewardy Show, there was a group of Democrat women who

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<v Speaker 1>showed up for the joint addressed to Congress last night,

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<v Speaker 1>all dressed in pink outfits, pink blazers, pink sweaters over

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<v Speaker 1>their you know, blouses, et cetera. What were they there

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<v Speaker 1>standing for? Were they what? And this is a big

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<v Speaker 1>problem Democrats are facing Trump because he's leveraging this seventy

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<v Speaker 1>to thirty position about transgenderism and the bad impact of

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<v Speaker 1>transgenderism specifically on women's sports and women's privacy. Trump is

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<v Speaker 1>sort of almost retaking this. I don't know if he's

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<v Speaker 1>totally there yet, And certainly this isn't necessarily being reflected

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<v Speaker 1>in the vote. I mean, if only women voted, Kamala

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<v Speaker 1>Harris would have won in the landslide. If only men voted,

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<v Speaker 1>you know, Trump would have won the landslide. But he's

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<v Speaker 1>got another issue where it forces you to actually ask

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<v Speaker 1>the question, You're all these Democrat women, Democrat legislators wearing pink.

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<v Speaker 1>How are they standing up for women here? What issues

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<v Speaker 1>do Democrats actually stand up for women? Because they don't

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<v Speaker 1>care about women's sports. Clearly, they don't care about protecting

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<v Speaker 1>women's shelters from having biological men be housed in them.

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<v Speaker 1>They don't care about women's prisons. You know, I talked

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<v Speaker 1>with Sally Marino on the show a couple of weeks

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<v Speaker 1>ago about this horrific case they were dealing with at

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<v Speaker 1>the California Correctional Facility, the women's correctional facility in Chowchilla,

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<v Speaker 1>where a obvious biological man who didn't change his name

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<v Speaker 1>has facial hair claim to be transgender, goes to the

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<v Speaker 1>women's prison and proceeds to rape some women there with

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<v Speaker 1>nothing but a mere verbal claim that he is transgender.

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<v Speaker 1>California is housing a monster like that in the women's

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<v Speaker 1>prison in Chowchilla. It's like the most clear cut, obvious

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<v Speaker 1>instance of this guy's not actually transgender. This guy just

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<v Speaker 1>wants to rape women. He's not confused about his sexuality.

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<v Speaker 1>He just wants to rape people. He's lying about. But

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<v Speaker 1>our insane transgender policies that we have in California under

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<v Speaker 1>California state law allow for a monster like that to

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<v Speaker 1>be housed in a women's prison. They don't care about

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<v Speaker 1>women's prisons. They don't care about women's locker rooms, they

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<v Speaker 1>don't care about women's bathrooms, they don't care about Title nine.

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<v Speaker 1>On the extreme fringe of the left, they've got this

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<v Speaker 1>insane I mean, you saw it at the Oscars, this

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<v Speaker 1>insane thing where the woman who one best female actor

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<v Speaker 1>goes up and is talking about the dignity of sex work.

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<v Speaker 1>A sex work in scare quotes a quote profession where

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<v Speaker 1>most of the people who participate in it are being

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<v Speaker 1>raped in some form or another, or are many of

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<v Speaker 1>whom are being trafficked or raped or or or whatever.

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<v Speaker 1>You know, this is the insane liberal thing where you

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<v Speaker 1>focus on like the thirty percent, you know, the five

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<v Speaker 1>percent of people who are you know, oh, I'm happy, willing, voluntary,

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<v Speaker 1>not drug addicted, the sex worker, as opposed to the

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<v Speaker 1>ninety five percent of quote sex workers who are being

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<v Speaker 1>trafficked or raped or what have you. Democrats don't care

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<v Speaker 1>about women in any of those contexts where they're vulnerable.

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<v Speaker 1>The only thing actually that these pink dressed women who

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<v Speaker 1>are at Trump's address last night, the only thing they like,

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<v Speaker 1>actually care about is abortion. That's it. That's the only

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<v Speaker 1>real like, that's the only thing where democrats. You know,

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<v Speaker 1>I talked about how Trump has all of these issues

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<v Speaker 1>where he's got like seventy to thirty favorability. This is

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<v Speaker 1>the one Abortion is like the one issue where Democrats

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<v Speaker 1>have like sixty six the thirty three favorability something like that.

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<v Speaker 1>But even when you drill into the policy specifics of abortion,

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<v Speaker 1>I don't even know that it's that strong. That's all

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<v Speaker 1>they're they are representing. And it makes you really ask, well,

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<v Speaker 1>who really cares about women? Is it Democrats? Because they

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<v Speaker 1>support abortion or is it Trump because he actually thinks

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<v Speaker 1>that women's sports should be protected from men, that women's

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<v Speaker 1>prisons should be protected from men, that women's shelters should

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<v Speaker 1>be protected from men. That Title nine, I mean, who's

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<v Speaker 1>standing up for Title nine? More Trump or these liberal

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<v Speaker 1>female members of Congress. When we return, Gavin Newsom is

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<v Speaker 1>desperately trying to make the budget situation in California look

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<v Speaker 1>better than it is. Next on the John Geardi Show.

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<v Speaker 1>Most of you listening or many of you listening, run

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<v Speaker 1>businesses or maybe work within businesses managing budgets. I manage

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<v Speaker 1>some budgets in my time. It's a tricky business. It's

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<v Speaker 1>a difficult business. And one of the things you have

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<v Speaker 1>to do when you are budgeting is you got to

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<v Speaker 1>be realistic. And I've been sort of on both sides

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<v Speaker 1>of that where I've had some budgets, whether it's that

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<v Speaker 1>Right to Life or with my Obria clinic, where I

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<v Speaker 1>was being too cautious and to such an extent, like

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<v Speaker 1>you know, underestimating revenues and overestimating expenses to such an

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<v Speaker 1>extent that the budget sort of fails to be useful.

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<v Speaker 1>But the much more dangerous flaw, I'd say is to

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<v Speaker 1>be too optimistic overestimate the kinds of revenues you're going

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<v Speaker 1>to get and underestimate the expenses you're going to have.

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<v Speaker 1>And if you're going to be realistic about doing any

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<v Speaker 1>kind of budgeting within a business, you have, you know, honesty,

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<v Speaker 1>honesty with yourself, honesty with your board, honesty with your boss.

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<v Speaker 1>Honesty has to be the order of the day. Like

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<v Speaker 1>there has to be a kind of realism involved. I've

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<v Speaker 1>had budgets in different years where I was like, this

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<v Speaker 1>is not good. Okay, we're operating at a loss. We

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<v Speaker 1>need to find ways to We got to find things

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<v Speaker 1>to cut. We've got to find things to you know,

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<v Speaker 1>ways that we can increase revenue. And you often you

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<v Speaker 1>have to be honest with yourself about well, is this

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<v Speaker 1>genuinely a thing we're gonna cut when the rubber meets

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<v Speaker 1>the road. Is this genuinely a thing we can realistically cut?

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<v Speaker 1>Is this a thing? Conversely on the other side, is

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<v Speaker 1>this a thing over here that we can actually bank

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<v Speaker 1>on this much revenue coming in? And so honesty with

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<v Speaker 1>yourself has to be the order of the day. That's

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<v Speaker 1>what you have to do when you're setting a budget

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<v Speaker 1>for a year, Well not when you're Gavin Newsom. So

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<v Speaker 1>Gavin Newsom is doing a whole bunch of shenanigans to

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<v Speaker 1>try to make California's budgetary situation seem not as bad

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<v Speaker 1>as it is. Dan Walters from Calmatters dot org has,

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<v Speaker 1>as usual. Dan Walters has been doing political commentary in

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<v Speaker 1>California for fifty years and is still, I think one

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<v Speaker 1>of the best in the business. Has a great piece

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<v Speaker 1>talking about some of the little budgetary tricks that Gavin

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<v Speaker 1>Newsom is doing to make his proposed state budget for

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<v Speaker 1>twenty five twenty six look better than it is. Here's

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<v Speaker 1>what he has to say. One of the many gimmicks

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<v Speaker 1>that California's governors and legislators employed to paper over budget

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<v Speaker 1>deficits and thus to avoid actual spending cuts, real spending

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<v Speaker 1>cuts or increasing taxes is to assume some level of

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<v Speaker 1>savings from making state agencies and programs more efficient. They

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<v Speaker 1>will plug arbitrary numbers into the budget from such supposed efficiencies, then,

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<v Speaker 1>along with other gimmicks, declare that the budget gap has

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<v Speaker 1>been closed and pat themselves on the back for the feet.

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<v Speaker 1>The twenty twenty four to twenty twenty five budget is

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<v Speaker 1>a prime example of such political expedients. So that's last

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<v Speaker 1>year's I guess the budget year. I guess we're still

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<v Speaker 1>in right now. I think, presumably through June. As enacted

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<v Speaker 1>last June. Last year's budget total two hundred ninety seven

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<v Speaker 1>point nine billion dollars, of which two hundred eleven point

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<v Speaker 1>five billion was general fund spending. But the budget assumed

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<v Speaker 1>that the state would receive two hundred and seven point

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<v Speaker 1>two billion dollars in general fund revenues, so it had

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<v Speaker 1>a gap to bridge. Okay, so two hundred ninety seven billion,

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<v Speaker 1>two hundred ninety seven billion dollar budget, two hundred and

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<v Speaker 1>seven billion dollar revenues, we have a gap. Gavin Newsom

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<v Speaker 1>and legislators turned to a series of gimmicks and indirect

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<v Speaker 1>loans to close the gap, including two point nine billion

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<v Speaker 1>dollars from assumed efficiency savings in state agencies and state universities.

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<v Speaker 1>I'm sure there are some people here listening who maybe

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<v Speaker 1>work for a state agency or a state university, and

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<v Speaker 1>the idea that there is efficiency in staffing at any

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<v Speaker 1>of them probably is making you laugh. However, when Newsom

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<v Speaker 1>unveiled a twenty twenty five to twenty twenty six budget,

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<v Speaker 1>proposal in January. The plan acknowledged that while the universities

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<v Speaker 1>met their relatively tiny savings goal of two hundred million,

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<v Speaker 1>other agencies would reduce spending by just eight hundred million,

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<v Speaker 1>or less than a third of their two point seven

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<v Speaker 1>billion dollar goal, so the actually the universities were the

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<v Speaker 1>only ones who met their sort of savings goal that

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<v Speaker 1>Knewsom had spent for them. The new budget also revealed

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<v Speaker 1>that twenty twenty four to twenty twenty five general fund

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<v Speaker 1>spending had ballooned to an estimated two hundred and thirty

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<v Speaker 1>two billion, So general fund spending actually went up twenty

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<v Speaker 1>billion dollars more than they estimated, twenty one billion dollars

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<v Speaker 1>more than the final version they had assumed, and while

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<v Speaker 1>projected revenues had also increased to two hundred and seventeen billion,

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<v Speaker 1>the twenty twenty four to twenty twenty five deficit would

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<v Speaker 1>widen to fifteen billion dollars. Last month, the legislator's budget analyst,

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<v Speaker 1>Gabe Petek p TECH reported that his staff was having

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<v Speaker 1>difficulty getting accurate information from the administration about the underachieving

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<v Speaker 1>efficiency Decree. We have tried to get information from some

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<v Speaker 1>of the larger departments to better understand what types of

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<v Speaker 1>operational changes are being implemented to achieve the identified savings.

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<v Speaker 1>P Tech wrote, as we discussed in greater detail later,

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<v Speaker 1>we have received limited information thus far. This venture into

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<v Speaker 1>the weeds of state budgeting generates to observations. One that

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<v Speaker 1>gimmickry is an integral part of the current process, and

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<v Speaker 1>second that the state faces chronic gaps between income and outgo,

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<v Speaker 1>a condition dubbed a structural deficit. And I've been talking

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<v Speaker 1>about this on the show for a while and I've

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<v Speaker 1>related it actually a lot to You might have remembered this.

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<v Speaker 1>This was about two years ago there, maybe not quite

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<v Speaker 1>two years ago. Jerry Dyer has this grand announcement, Oh,

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<v Speaker 1>we're doing all this big, you know, big infrastructure influx

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<v Speaker 1>of cash from the state. City of Fresno is going

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<v Speaker 1>to get two hundred and fifty million dollars in infrastructure

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<v Speaker 1>funding from the state, and this is We're finally going

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<v Speaker 1>to revitalize downtown. This is going to provide a lot

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<v Speaker 1>of the stuff we need for plumbing and all kinds

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<v Speaker 1>of infrastructure stuff that we need for downtown Fresno. A

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<v Speaker 1>lot of the boring stuff that you don't think about

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<v Speaker 1>like plumbing and parking and crap like that. So we're

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<v Speaker 1>gonna get two hundred and fifty million dollars from the state.

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<v Speaker 1>We got that first fifty million, We're feeling good. We've

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<v Speaker 1>got fifty million one year. Then we're gonna get a

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<v Speaker 1>hundred million the next year, one hundred million the next year,

417
00:31:16.680 --> 00:31:18.960
<v Speaker 1>and we're all, Oh, this is great, this is so good.

418
00:31:19.079 --> 00:31:22.759
<v Speaker 1>We're rocking and rolling. State's gonna give us all this money,

419
00:31:22.839 --> 00:31:26.359
<v Speaker 1>and it's gonna allow like ten thousand new residents to

420
00:31:26.400 --> 00:31:29.720
<v Speaker 1>live in downtown Fresno. And this is what we need.

421
00:31:29.759 --> 00:31:32.319
<v Speaker 1>This is what we really need to revitalize. And I

422
00:31:32.400 --> 00:31:34.359
<v Speaker 1>don't This is not a criticism of Jerry Dyer. By

423
00:31:34.359 --> 00:31:36.720
<v Speaker 1>the way, I'm not blaming Jerry Dyer for this. Good

424
00:31:36.839 --> 00:31:40.039
<v Speaker 1>Good for Jerry Dyer. Be a wonderful thing to revitalize downtown.

425
00:31:40.319 --> 00:31:42.000
<v Speaker 1>Be a great thing if ten thousand more people could

426
00:31:42.000 --> 00:31:45.759
<v Speaker 1>move there, like we need infrastructure support. Good for you,

427
00:31:45.839 --> 00:31:51.240
<v Speaker 1>Jerry Dyer. Well, those promises were made in the fat times,

428
00:31:51.640 --> 00:31:59.440
<v Speaker 1>and now we're coming up on the lean times. Those

429
00:31:59.480 --> 00:32:02.519
<v Speaker 1>promises were made when the state was flush with federal

430
00:32:02.559 --> 00:32:10.039
<v Speaker 1>COVID cash, and that well is now dry. So that

431
00:32:10.480 --> 00:32:13.880
<v Speaker 1>next installment of one hundred million dollars, Oh it got

432
00:32:13.880 --> 00:32:16.279
<v Speaker 1>de layed a year, and then oh it got delayed

433
00:32:16.279 --> 00:32:24.680
<v Speaker 1>two years. Why because California faces I think, as Walters

434
00:32:24.759 --> 00:32:34.839
<v Speaker 1>is talking about here, there's a fundamental structural problem. Income

435
00:32:35.039 --> 00:32:41.799
<v Speaker 1>into the state from taxes from the most heavily taxed

436
00:32:41.880 --> 00:32:48.759
<v Speaker 1>state in the Union is not enough to cover our

437
00:32:48.880 --> 00:32:56.000
<v Speaker 1>sort of baseline set year over year expenses, even just

438
00:32:56.200 --> 00:33:01.720
<v Speaker 1>talking about general fund expenditures. Our general fund revenues are

439
00:33:01.759 --> 00:33:07.599
<v Speaker 1>not enough to match our general fund expenditures. Even in

440
00:33:07.640 --> 00:33:09.880
<v Speaker 1>a year last year where we had ten billion dollars

441
00:33:10.000 --> 00:33:12.799
<v Speaker 1>more in general fund revenue than we anticipated, we had

442
00:33:12.839 --> 00:33:19.000
<v Speaker 1>twenty billion dollars more in spending. So how do you

443
00:33:19.079 --> 00:33:22.599
<v Speaker 1>solve that problem? I don't know if or that you can.

444
00:33:25.359 --> 00:33:32.279
<v Speaker 1>It's a fundamental problem. A lot of people left the

445
00:33:32.319 --> 00:33:35.000
<v Speaker 1>state and took their capital gains tax revenue with them.

446
00:33:35.039 --> 00:33:40.519
<v Speaker 1>A lot of higher income or you know, higher total

447
00:33:40.519 --> 00:33:47.559
<v Speaker 1>wealth people took their tax revenue with them to move

448
00:33:47.640 --> 00:33:53.079
<v Speaker 1>to Nevada or Arizona, or Florida or Texas or Idaho,

449
00:33:53.160 --> 00:33:57.039
<v Speaker 1>and they ain't coming back. So we got used to

450
00:33:57.160 --> 00:34:00.519
<v Speaker 1>a certain level of spending, We got used to certain

451
00:34:00.599 --> 00:34:05.559
<v Speaker 1>habits and we're having to have this painful realization that

452
00:34:05.599 --> 00:34:08.360
<v Speaker 1>this is not the kind of you know, we're not

453
00:34:08.480 --> 00:34:13.519
<v Speaker 1>a filet mignon and you know, lobster mac and cheese

454
00:34:14.079 --> 00:34:18.320
<v Speaker 1>state anymore. We're a hamburger and French fries state. And

455
00:34:18.960 --> 00:34:27.239
<v Speaker 1>we're just not adjusting accordingly. And by the way, oh,

456
00:34:28.039 --> 00:34:31.840
<v Speaker 1>you know, we had a massive wildfire destroy huge swaths

457
00:34:31.880 --> 00:34:39.880
<v Speaker 1>of Los Angeles, So you know where we're having to

458
00:34:40.039 --> 00:34:41.719
<v Speaker 1>where Gavin Newsom is going to have to go with

459
00:34:41.760 --> 00:34:45.000
<v Speaker 1>his beggar bowl to Donald Trump to find some way,

460
00:34:45.199 --> 00:34:49.519
<v Speaker 1>you know, Donald Trump, who is clearly leveraging all of

461
00:34:49.559 --> 00:34:52.440
<v Speaker 1>his power and the power of the federal purse to

462
00:34:52.599 --> 00:34:55.880
<v Speaker 1>enact the policy changes he wants. Donald Trump's making threats

463
00:34:55.880 --> 00:35:00.760
<v Speaker 1>about not wanting to pay money to not wanting to

464
00:35:00.800 --> 00:35:04.599
<v Speaker 1>give federal money to jurisdictions that do all the kinds

465
00:35:04.639 --> 00:35:12.159
<v Speaker 1>of things that California loves to do dei sanctuary jurisdictions.

466
00:35:15.039 --> 00:35:17.559
<v Speaker 1>He's not wanting to give fire releaf to California unless

467
00:35:17.599 --> 00:35:21.719
<v Speaker 1>it fixes some of its stupid fire policies or gets

468
00:35:22.400 --> 00:35:30.960
<v Speaker 1>you know, stops listening to the Sierra Club. So Gavin Newsom,

469
00:35:31.119 --> 00:35:38.360
<v Speaker 1>basically there's this lack that this unreality in which Gavin

470
00:35:38.440 --> 00:35:44.280
<v Speaker 1>Newsom lives. But that's okay for Gavin Newsom to a

471
00:35:44.320 --> 00:35:48.239
<v Speaker 1>certain extent, because he's not really thinking about anything other

472
00:35:48.360 --> 00:35:53.000
<v Speaker 1>than twenty twenty eight when we return, How many podcasts

473
00:35:53.000 --> 00:35:56.119
<v Speaker 1>is Gavin Newsom gonna do next? On the John Girardi Show.

474
00:35:58.039 --> 00:36:02.760
<v Speaker 1>Gavin Newsom is so board with being the governor of California.

475
00:36:03.280 --> 00:36:06.960
<v Speaker 1>He's got he already had a podcast set up where

476
00:36:07.000 --> 00:36:11.159
<v Speaker 1>he was doing a podcast with it was him some

477
00:36:11.440 --> 00:36:15.000
<v Speaker 1>guy to actually kind of play as like the host

478
00:36:15.039 --> 00:36:20.239
<v Speaker 1>of it. And Marshawn Lynch, the former longtime running back

479
00:36:21.199 --> 00:36:24.199
<v Speaker 1>for the Seattle Seahawks, who one you know, he got

480
00:36:24.239 --> 00:36:26.920
<v Speaker 1>to the two won a Super Bowl with them, got

481
00:36:26.920 --> 00:36:30.039
<v Speaker 1>to a second Super Bowl, Which makes me wonder, like,

482
00:36:30.360 --> 00:36:33.199
<v Speaker 1>what on earth is Gavin Newsom doing with a podcast

483
00:36:33.199 --> 00:36:35.320
<v Speaker 1>with Marshawn Lynch. I don't know. It seems like Marshawn

484
00:36:35.360 --> 00:36:39.639
<v Speaker 1>Lynch is just like, yeah, I'll talk with Gavin Newsom, Okay,

485
00:36:39.679 --> 00:36:45.639
<v Speaker 1>but where's my check? Sure sounds great. Newsom's launched another podcast,

486
00:36:45.760 --> 00:36:51.280
<v Speaker 1>just The Gavin Newsom Show, and it's just it's so

487
00:36:51.519 --> 00:36:54.039
<v Speaker 1>obvious how bored he is with being governed. He is

488
00:36:54.079 --> 00:36:56.880
<v Speaker 1>so tired of being governor. I think he is tired

489
00:36:56.880 --> 00:37:00.360
<v Speaker 1>of state emergencies, He's tired of actually governing. He doesn't

490
00:37:00.400 --> 00:37:02.000
<v Speaker 1>want to talk with Donald Trump or hang out with

491
00:37:02.000 --> 00:37:11.599
<v Speaker 1>Donald Trump. He is so bored and he's just all

492
00:37:11.639 --> 00:37:14.559
<v Speaker 1>he's trying to do is position himself for twenty twenty

493
00:37:14.599 --> 00:37:18.760
<v Speaker 1>eight to be the front runner. And he thinks he's

494
00:37:18.800 --> 00:37:20.960
<v Speaker 1>the man. He thinks he's going to be the guy

495
00:37:22.400 --> 00:37:25.360
<v Speaker 1>to get the Democratic nomination win the presidency in twenty

496
00:37:25.400 --> 00:37:29.000
<v Speaker 1>twenty eight, and that's what everything he's done has been

497
00:37:29.000 --> 00:37:33.039
<v Speaker 1>focused around that. Now here's the problem. I think everything

498
00:37:33.079 --> 00:37:36.840
<v Speaker 1>he's done has been focused around getting the Democrat nomination

499
00:37:39.360 --> 00:37:45.519
<v Speaker 1>and maybe more specifically, getting the Democrat big time donors

500
00:37:46.239 --> 00:37:50.440
<v Speaker 1>behind him. I think once he's on a debate stage

501
00:37:50.880 --> 00:37:56.199
<v Speaker 1>in Iowa somewhere, he's not gonna look so good because

502
00:37:56.199 --> 00:37:59.119
<v Speaker 1>it's not like California is doing great, and under his watch,

503
00:38:00.079 --> 00:38:03.440
<v Speaker 1>it's not looking good. And he's another guy with some

504
00:38:03.519 --> 00:38:06.360
<v Speaker 1>of these sort of seventy to thirty negatives, like high

505
00:38:06.400 --> 00:38:08.239
<v Speaker 1>speed rail is going to make him look like an idiot.

506
00:38:08.280 --> 00:38:09.599
<v Speaker 1>Our economy is going to make him look like an

507
00:38:09.599 --> 00:38:11.440
<v Speaker 1>Idiot's handling wildfire is going to make him look like

508
00:38:11.480 --> 00:38:16.239
<v Speaker 1>an idiot he's but he just keeps dancing for these

509
00:38:16.280 --> 00:38:19.239
<v Speaker 1>donors who he wants to fund him. And maybe it'll work,

510
00:38:19.480 --> 00:38:21.920
<v Speaker 1>work to get Kamala Harris near the throne. That'll do it,

511
00:38:22.000 --> 00:38:23.719
<v Speaker 1>John Giardi Show, See you next time on Power Talk
