In anticipation of a second quarter of negative growth, the Biden administration redefines recession; the collapse of New York City continues apace; and we explore two very different stories about racism.
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This is an unofficial transcript meant for reference. Accuracy is not guaranteed.
In anticipation of the second quarter of negative growth, the binding ministration redefines recession, the collapse of new york city continues apace, and we explore two very different stories about racism. I mentioned this
the bench bureau show
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and at times I ve been right. Now, to learn more about the white house to six,
Some bad economic news this week were expecting the second quarter. Gdp report and most people believe that there'll be negative gdp growth for the second consecutive quarter.
which has led the council of economic advisers to literally redefine what a recession has meant for quite a while here. Typically when you are talking about recession,
will mean two consecutive quarters of negative growth, but the reality
that it's always been a little bit tricky to define what a recession is you
but when you're in It- and you don't know it when you not in it, it's kind of its kind of a porno graffiti, as defined by the supreme court,
I think you know it. When you see it, you feel
you're in recession, when things are getting more expensive when you're worried about your job, when your concern about the future of the economy and when the stock market starts to go down but come
nations of those factors could lead you to think that are in recession. Also. However, the sort of technical definition that has been consistently used for years and years is two quarters of negative gdp. Growth
the council of economic advisers under Joe Biden, fearing that we're about to get a stat that drops this week,
It says that we are in a recession and then it becomes Biden's recession
simply redefining the term. So now, according
white house. It dad got what is a recession, while some maintain the two consecutive cores of falling real gdp constitute a recession that is neither
the official definition, nor the way economists evaluate the state of the business cycle. Oh weird,
haven't standard changed strange instead
visual determinations of recessions and economists, assessment of economic activity are based on a holistic look at the data based on
data. It is unlikely that quite entreaty gdp in the fourth quarter of this year, even if it is followed by
Other JD peak decline in the second quarter indicates a recession, so it's very funny here's what they are doing. They have a really bad first quarter
Then the second quarter started, and we were told by the
administration- that if we were worried about being in a recession, the stats weren't available, yet to say that we are in a recession, because we are still in the second quarter. Now,
We end the second quarter and it's pretty clear that we are in a recession.
They are attempting to redefine away the first quarter. They're now saying. Well, you know before we read that segment in the second quarter really wasn't the recession will now that we know the second quarter was recessionary. The first quarter
is not recessionary, because that was other factors amazing how they m, how they just
redefining this thing? Why, and this has become be typical, binding
illustration line. It is amazing that, instead of
simply recognizing that the economy is significantly weaker than it should be at this point, that inflation has taken
massive toll on americans that
americans are worried about the earnings that are coming out of the company.
in which they are invested, the americans are worried in the future about
stability of the markets and the americans are word right.
about all of these things, instead of just acknowledging that and then
here is our plan to quash that, and the plan
involve more spending eyes. The plan can just involve throwing money at the wall instead of
knowledge and now what you require them to change course. There,
It's all in your head,
then, with the world's worst psychologist narrowing say: that's all because you're crazy, if you're worried about recession, its cause, you're crazy.
if you pointed the objective, verifiable data that we've had
two consecutive quarters of negative gdp growth. That's what
have been released on thursday, if you, if you pointed out
they say even that is in your head, because now we're going to redefine away what a recession means so
Joe Biden yesterday was on fox news and he was asked what it was.
are we in a recession? What's the deal here and here,
president Santer and, MR president, we're getting gdp numbers on thursday. How worried should americans be, then we could be
especially we're not can in recession. My view.
we're not in recession according to Joe Biden. So how exactly does he get out of the statement that we are in
possession based on the gdp stats well they're, just going to redefine the ways of green. Jean Pierre was specifically asked about the redefinition of the word recession and just went right along with the idea that recession now means something different than it meant five minutes ago, if the
I was trying to change the common definition of a recession, because next thursday, the gdp numbers coming out are going to show that we've been in recession. So let me say this: you know the strength of our labor market, along with the other economic factors, is what what we generally see in a recession, or even a pri, a pri
What is not what we generally see in a recession or even a pre recession, because we're seeing the strength of the economy and the labour market? So that's really important to note that there, because those are a key elements as we talk about that is folks. Keep asking us about that.
So he can say is we are in recession. We think it can be a shallow recession, because the job market is still very strong. We'd have to slam on the brakes. It's going to
answered the economy into a period of negative growth, but then we
he's going to recover fairly quickly because we are doing the right things right. That's what a smart political white house
they're not saying that instead they're saying that the recession doesn't even occur, and it's all it's your crazy we're redefining the term recession, so we just won't use it. And if we don't say recession, then it doesn't exist. The Biden ahead of national economic council, Brian D's, here he is
splain. Recession is not two quarters of negative growth bright and certainly in terms of the technical definition. It's not a recession. The technical definition considers a much broader spectrum of data points, but in practical terms, what matters to the american people is whether they have a little economic breathing room. They have more job opportunities, their wages are going up that has been Joe Biden spoke a since coming
the office, he has had a view of the economy that we need to work to build from the bottom up in the middle out, and what that means is that typical working class people in this country have had trouble affording things for years. He has focused on building a strong, durable economic recovery. Here we have real global challenges here in the short term, we've got to navigate our way through them, but we have to do so without giving up all our
and on the gains. What economic gains? Precisely like I like to hear the economic gains we ve had, a net wage was over the course of the by demonstrations,
amounting to thousands and thousands of dollars per family. Thanks to the massive inflation
that has taken place here and, if you're way
to a tribute, the reader
and in job growth to job. I knew and have to explain why, truly considering that a huge per cent,
of those jobs are concentrated in states. The job I spends his days ripping is easy.
I have to explain why it is that red states have done significantly better under Joe Biden,
then the blue states have is that because
so kindly generous to the red states. Or is it because they've been running theirs
it's the way. He does not run the federal government and they have been reaping the benefit of all of that,
when Brian D says what americans you know when you are worried about recession. Americans are really worried about whether they have a little breathing room. You feel like you, have breathing room today to america
by pulling data, something like eighty five percent of americans believe the country is headed in the wrong.
russian economically, they feel like they have breathing room here. That did the attempt to just the
raising this thing out. It is impressive and then again you gotta
them credit for intestinal fortitude, because
Africans are looking them straight in the eye and saying we don't like the way you are running this economy is a nope. It's cause you're, crazy.
Never worked under any circumstances politically personally, in any
becomes dancing your life. When somebody says I have a serious problem, you say no, you don't. Things are fine that has
worked out, particularly well, at least when you're answerable to that person is oh, here's, Brian ease.
explaining that the slowing economy is necessary for a transition again,
this sort of rhetoric is not helpful to people who are not interested in the corner got transition there info.
What are you going to do to fix things, but here's Brian he's trying again too
pretend that there's a silver lining to all of this. We
a slowing that is not only expected but necessary as we operate through this transition. So that's. Where are our focuses in terms of diagnosing
economy. They get beaten.
just keep saying transition over and over and over again
they say we're to a green economy. Surgeon who have to pay higher oil prices were transitioning to build back better.
I you're going to have to deal with the economic fallout. What what? If we don't like the thing that you're trying to transition to enough to undergo the pain of decorum called,
insisting to trying to force upon us and then in the end of course, brandy sports blamed led reboot and which is what they always do. It's amazing
it's it's out of putin, knows on Putin nose off with this group. So when the gas prices go down, then is not because of Putin.
allowing nordstream to flow is that because that
putting price hike when the gas goes up when the gas goes down. That's because Joe really good at his job
Inflation is up well, you know that
The results of corporate greed in play,
goes down. That's because Joe Biden is really good at his job is completely unfair survivor,
thesis because everything good that happens is attributable to the
dotterine geriatric in the white house and everything bad that happens is attributable to everyone else. According to this white house, here's brides
In putin again remember the context here whose invasion of ukraine has taken
lot of these store of commodities that go into food off the market. Wheat, other grains, because ukraine and russia are both big mobile supplier, so we're doing what we can to grow more here in the united states, which will help our cause
people here in our country, but also the world, know the entire biden. Administration is united in their notion that if they just
if you about a recession, is you won't notice that we are in one all this? You know it's enough to make you loosely, but here's the thing you don't have to lose sleep, not as long as you have a great set of sheets, so you got yourself great mattress temperatures right in the rooms, nice and dark, but you're still tossing and turning. Maybe it's because he got sheets at the local gas station.
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I'll canning, Ellen treasury secretary, who fully admitted that you do not see this inflation coming, which means that you really bad at her jobs again, the definition
inflation is too much money following to view goods. So when you have a supply,
aegean problem, and then you blow trillions of dollars into the economy as your economic and fiscal policy, it turns out, you might get inflation genius notion, jenny, Ellen
supposed to be good at this, but is not. She also
we're not headed for recession. I do
want to emphasize
a recession really means is a broad based, contraction
in the economy, and even if that number is negative
We are not in a recession now and I would even one that we should be not
not characterizing, understand it, but you're splitting hairs mean if the technical definition is two quarters of contraction. You're, saying
it's not a recession, that's not to take now. If it's not the technical definition, no
that's just the definition that every single person believed it was until five seconds ago
when people are worried about Joe Biden's economy back last year,
there she was out of recession. We only have a single quarter of negative economic growth
the commerce secretary, Gina raimondo, who
Inflation is probably peaked at this point. We are told us two months ago. It apparently had not big also if inflation peaks
sort of stays on the mesa? That's great either
inflation goes from nine point. One percent annually to let's say seven percent annually- is that
win for Joe Biden, he portraying me
losses has big wins and he's got his
blasting out there. You know the price of gas is down like sixty cents over the course of the last thirty five days written
well for seventy, a gallon or something so
Then they ain't gonna win you any prizes, dude, no metal.
For having fought for
to gas instead of five dollar gas, and no,
it for seven percent inflation. Instead of nine percent inflation biden, white house,
Here's the commerce secretary, Gina raimondo, trying to happy talk. This thing has inflation peaked a europe?
in all the principal question, but utah business leaders mean they ask that anyone who gives you a straight answer to that, I'm not sure, is telling you the truth. I think probably, but look if I had said
at a year ago.
assuming another war doesn't break out, assuming we don't have another cobit a suit. You know this so much out of our control. What inflation is being inflation is a global problem
one is struggling more than we are it's been largely driven by.
Things out of our control.
ha ha ha ha. I love that they all laugh when they're faced with that they've all contracted the the joker virus from
harris. Now, whenever there s asked question they'll just laugh about it. They are the cameras,
where jerry should have some idea as to whether inflation has peaked or not. But since I get it, you're not going to make predictions
you got gotten every wrong so far, meanwhile, by the way walmart is cutting
often outlook as it lowers prices to move goods according to the wall street journal, while
it is warning. The higher prices for food and fuel were causing consumers to pull back an ominous sign for
economy that has relied on resilient household spending power the rise
inflation. The countries
I just retailer, which warned in may it was stuck with too much unsold goods said on Monday, it was having to cut prices, reduced merchandise levels at it's flagship chain and sam's club warehouse chain. The markdowns will cause the company's profits to fall in the second quarter and fiscal year again. None of this is a particular shock because, as the federal reserve raises
interest rates, as inflation eats up too much of people's money, people
want to spend less this. How you enter into a period of stagflation, which is what we are about to enter into and again even if the inflation rate
lowers the seven percent. Remember the inflation rate that we are typically looking for is like two percent. Not seven percent
the administration was promising when it came into office. Like one point, five percent inflation annually or not
looking at something like five times that rate so know that
It is not anything remotely worth bragging about and then
we're going to be able to enter some sort of soft landing here where we don't enter recession by jacking up the interest rates and
Inflation is this I that that was always there was always fabulous. It was always
Is he a muhammad AL arian of alliance, he of allianz he? He is suggested for awhile that essentially, the way that you were supposed to get out
is by gradually slowing the amount of money, we're dumping into the economy and pay
Back on those interest rates, almost zero
and interest rates, and you could have done that great
Willoughby could have done that at the beginning. Gradually you can't do that when your car is about to hit the embankment while the car is about to hit
slam the brakes on and there's no
if we now get some form of whiplash when he slammed the brakes on, that's what's gonna happen to the economy right now, the announcement sent woman
shares down nearly ten percent and after hours, training on monday and pressure to other stocks of the amazon falling about four percent as well. The warning
as a cloud over a week in which a raft of global brands and multinational companies from mcdonald's and procter and gamble to visa and general motors are slated
update investors on their latest quarterly results and the outlook for the rest of the year inflation
has been running near the highest levels in decades, the federal reserve is expected to raise interest rates this week, as it seeks to fight higher prices. Several high tech,
have warned in recent days of slowing growth leaders
the biggest banking companies have cautioned, they see a high risk of recession. Now Walmart, according to the wall street journal said higher price
for food and fuel have hurt sales of general merchandise, especially apparel makes sense. You can only afford gas and food
right now, you can afford new clothing, those generate,
profit margins for the companies clothing. Overall, the company expects comparable store sales, excluding fuel. So I see
percent in the second quarter from a year ago, but the growth is now coming from the less profitable item. If you could again, people are looking for ways to to save a little bit. At this point,
who s. Unemployment remains nurse lowest levels in decades. Consumer sense.
And fell in june to its lowest point on record a sign,
concern because household spending accounts for about seventy per
and of years economic output, some shoppers
If from lower income, households are trading down to the economy, beer and discount cigarettes, as they feel more pressure on their pocketbooks
Neil Saunders, the managing director of global data, says most retailers are not struggling to grow their top lines. They are struggling to maintain high levels of profitability that were commonplace over the past few years.
It also issued a profit warning in june three weeks after
The quarterly results which, like walmart, should a surge in inventory levels. The big box retailers were caught off guard the spring. Shoppers shift
if spending away from items that been in high demand during the pandemic. The abrupt shift left
retailers, the glut of penance favorites by casual clothing and home price. The need be marked down bath and beyond.
gap, but they recently should profit warnings and replaced that their leadership as well.
Walmart in may reported that inventories were up about thirty three percents in the first quarter in part because
the myths judged all those shifts in consumer spending, and presumably that is because of all of the continued talk about lockdowns and the fact people aren't going. We're, never gonna go back to work and we won't
get back to regular life he kept hearing over and over from the administration and from the media? Now walmart and others,
tell us, are trying to unload those items at his home and rising prices for gas and groceries have made some people rethink their spending. So as we predicted,
we're starting to see the earnings go down. That means the stock market is likely to drop some as well plus. The fed is set to inflict more pain on the economy as it readies a big rate hike according to rich miller over at yahoo, finance and bloomberg. The federal reserve
we probably have to inflict much more pain on the economy to get inflation under control.
Growth is already slowing in response to the fed's repeated interest rate increases, but the housing market softening technology,
he's curbing hiring an unemployment glens, edging up both inflation.
willing. Persistent at a four decade high, a growing number of analysts say, will take a full recession and markedly higher joblessness to ease price pressures
significantly member legally binding?
station right now they keep claiming the job. Numbers are really really good, which they are that's because jobs
a lagging indicator of economic health. The job market didn't really
I take a dump, even in the two thousand. Seventy thousand eight recession until well after the recession was underway. Jobs are last thing to get cut. You first have to feel the impact.
your company. Then you try to save everybody's job years ahead of a company. I can say we try to hire people, not fire people, and then
the you have do. Actually let people go according to
Bloomberg with inflation proving persistent.
There is no choice but to continue jacking up the interest rates bank of america chief us economist, Michael gap gave the
is forecasting a mild recession, starting in the second half of twenty twenty two. He said we have to curb things domestically tub us get where we are
want to go on inflation.
That officials continue to maintain they can avoid a recession and instead engineer a soft landing that looks not particularly promising at this point
and again the investors are betting that the fed is going to need to cut interest rates next year to bolster the economy. So, what's weird is that the the investment class is now so
I think that the federal reserve's going to have to jack up the interest rates and then because the economy is weak next year, it's going to have to jack down the interest rates again, which
I guess the idea here is that you, you give a shock geared to the economy, to hear the inflation, and then you go back to loose monetary policy. I'm not
my that is going to work, particularly well again in economy that has been jacked around so many times in the past couple of years,
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wall, street journal is reporting, as the federal reserve prepares to meet
weak wall street investors are betting, that officials will
interest rates aggressively through the end of the year and then turn around and start cutting them about. Six months later, the unusual wage reflects investors' growing sense. The fed is driving the economy into a recession as it tries to fight inflation according to analysts, at the same time, by constraining longer term borrowing costs. It makes a recession slightly less likely to happen soon. That's a boost to riskier
That's like stocks compared with the more traditional, but that raged wouldn't boomerang so quickly.
and the idea here is they want to lower the interest rates again because of the keep those interest rates either actually raising the price of the national debt. So they have to reduce the interest rates again
And when they do the interest rates again, presently there be more money pouring back into stocks bets on the future
of short from interest rates play a decisive role in determining yields, and, u S, government bonds, those in turns and a floor on borrowing costs across the economy, with higher yields curbing growth and lower yields. Boosting and annette investors. Current assumptions
Have you tried to help the inflation fight then herded their beliefs?
We'll keep raising interest rates. This year means the yields are roughly three percent on treasuries that mature in year, even though
actual rate control by the fed is currently set between one point: five percent and one point: seven: five percent- in other words, they keep investing in the idea that the fed is going to keep raising wage already expects the fed
keep raising rates, but people are still are, are attempting to
move into the markets in a weird way: interest
Great derivatives, like overnight index swaps, reveal investors thinking in more granular detail. As of friday. They showed investors, expect the feds raise it's benchmark, federal funds rate by three quarters of a percentage point on Wednesday. The fed is subsequently expected to lift the fed funds rate to about.
three point: three percent by the end of the year, investors expect no further increases after that, their bidding. The fetters can be cutting rates by june.
bringing short term rates, roughly two point: five percent by the middle of twenty twenty four,
Karen senior portfolio manager, chief strategist of global,
income. Morgan Stanley says from an expectation standpoint. It's not been
extreme like this. This sort of anticipated policy turn the fed cut rates.
Then a europe raising them several times in the past. Most recently in
twenty nineteen investors have, however, have been typically cautious about anticipating pivots, like that. So again, all the suggested
is way too much power over the economy. If everybody is sort of betting at this point and what the fed is going to raise rates at this month or next month or six months from now we're going to reverse course, economics is meant to be a predictable business. It's meant to be a business where you have low rates of
Attic in the system is george guilder. The economists have suggested, and that is what a solid economy, dogs. You know that the sun is going to rise in the in the east tomorrow, and
That's why you invest in a particular way. If you don't know what the sun has been a rise in the east to my rise in the west to morrow, it makes it very difficult to invest your money and so the sort of vast.
malaysian and up and down that the federal reserve is promoting. At this point, I don't think is
quieting anyone
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while the Democrats continue to push for massive spending in the middle of an inflationary cycle according to the
I street journal democrats, are slowly reconciling themselves to the reality. They may have to settle for passing a small, partisan healthcare spending bill, but don't be fooled. Their definition of small has expanded like american clothing sizes, their so called skinny bill is an enormous expansion. The entitlement state.
West virginia sen, Joe Manchin, says he's open to passing a bill that would impose drug price controls to supposedly pay for sweetened obama, care insurance subsidies for two years as well.
Macao americans will find out what's in the bill after they pass it started.
macao subsidies, democrats last march made the premium tax credits for
insurance on the obama care exchanges, farm origin,
they are moved, the eligibility limit which have been four hundred percent of the poverty line about fifty four grand for an individual.
only five million in release with incomes below a hundred and fifty percent of the poverty line paid no premiums for plan. This year's this year at all the subsidies have reduced premiums for millions of americans by thousands of dollars, but sweden subsidies are set to expire at the end of this year, setting up a subsidy cliff, we
about last march, according to the editorial board democrats,
extend the subsidies for two more years to delay the cliff they created in the first place, two years from now they'll. Do it again ad infinitum the biggest
fisheries? Are the insurers, the pocketed the subsidies and raise the premiums? The c b o raised cbo
for a bomb exchanges spending by a hundred forty four billion dollars over the next decade, from higher premiums in the roman, its laughable for democrats
And that extending the subsidies for two years will cost only forty billion dollars in it gets worse.
Twenty million americans now enrolled in medicaid likely lose coverage as soon as the public health emergency ends most will qualify for the expense.
nobody obamacare subsidies, the committee for a response
what better a budget estimates all this would cost of forty five billion next year and for her ninety five billion over the next decade. It turns out that
dumping more money into subsidization of mass public healthcare costs a lot of money
who who who shocked by this
If you're worried about systemic drags on the american economy, spending is the biggest systemic drag on the american economy, followed closely by regulation
drag for the rest of the decade. The vitamins
she's coming in office was predicting the two three years now we're gonna be at one point six one point: seven percent gdp,
Eyes, growth rates are not good growth rates, they dont even outpace. The two percent expect inflation that you hope for from the federal reserve year on year, so
All of this bodes ill for the long term, mid term future of the united states.
must be united states dramatically. Reverses course on the way that it does economics. Meanwhile, over
in new york. It is amazing that that there are so many badly governed areas of the united states. That insist again, just like the abandonment,
if this were not a recession lot about
If the urban areas insist, they are really well governed and they are encouraging people to come back. She got Gavin newsom in california, encouraging everybody to come back to california. Meanwhile, they're talking about
walking down again and by the way, the cities that have the highest numbers of people leave
are all in california, according to cnbc dot com from coast to coast,.
home buyers are on the hunt for affordable it, even if it means leaving their city to find it a record number of butter.
So you're homebuyers are seeking to relocate according to a report published last week by real, say, brokerage firm, redman, therefore, rent the cities
red users appeared most likely to try to leave your the city's ready sandra
just go. L a new york.
This is not a shock in any way whatsoever, because
living standards in the cities have declined markedly
fact em and review the names of the top seventies you're. At a hearing of san Francisco, Ella new york, washington, easy seattle, Boston, Detroit
seeing something about those cities, you some
liberal cities in america.
I mean those are major, and here are the cities with the highest.
Level of incoming you eddie. These.
These are the cities with the most net inflow. You ready hurried up. My miami Tampa florida phoenix,
sacramentos which the recent people moving sacramentos them of the san jose and they're moving out of san Francisco las vegas cape coral florida. Santiago, now
port florida san antonio dallas
So all these blue staters are talking to come back to our city, we're running things beautifully. Meanwhile, everybody is leading I'm looking again at those.
The two worst cities in america for people leaving right now are both in california and the third is new york and then
Can these cities there are seeing the influx of homeowners.
Talking about in the top ten one. Two three four in florida, four of us face performer,
and I m and two are in texas sandy.
Go is eight, is a red city in a very, very blue state,
phoenix is in a red state laws
He's nevada is an easier attack state, so yeah yeah you're going
and is garbage, and that is why people are running screaming from your cities. Meanwhile, democrats keep saying what, if
got the leadership of the cities and the states to lead the country, Gavin newsom,
Is one of the people they're talking about for president of the united states right now? Meanwhile, yet Eric
and who's running ads in florida, trying to encourage people to come back from florida to new york.
Anybody who feels the england do so, please leave seriously gal
get out of my new home state. Go back to new york. Take a valley with you. We don't like you,
No one is interested in you bringing your garbage new york governance down here,
to florida. No one is interested in the slightest, the reason being because it turns out that everything is out of control in europe.
Eric atoms came into office pledging the who's gonna stop the crime. Well so far, that is
extraordinarily poorly. So, for example, over the last couple of days, video emerged from new york of a pedestrian
struck by a car and then being robbed twice,
while he was laying on the ground.
According to NBC new york, a jaw dropping robbery was caught on camera in which police
Victim was stolen from twice by the people
with a ramming him with a car in the bronx dramatic video
Saturday morning hit and run robbery shows a thirty nine year old man jogging on the final steps of a crosswalk landing on the sidewalk when a black four door, sedan, swerved off the roadway directly into the victim. This apparently happened
east one hundred around sixty hundred street around six forty, a m
flips over into the arm can see the video it's totally insane and
Then you can see what happens next very is trying to avoid the car. The car hits him.
He's lying on the pavement and, and then people get out of the car and they are up to him and they rob him.
Apparently they forgot some more of his stuff
and they are rob him again.
The thirty nine year old is a
insignificant body trauma still listening, critical condition as sunday. So I'm that that that is going really really really well. Of course,
The descriptions of the suspect shall remain complete
We anonymous they're they're still at large right now, but we can't describe them because to do so, it'd be politically incorrect. That's the way it works in the media
I described this aspect because to do so might promote stereotypes about crime,
Meanwhile, another crime story from the city of new york, a pastor was right,
they gunpoint on tape. There is a lot of brooklyn passer, black brooklyn pastor, who was robbed at gunpoint,
a live stream session shocking.
We not by members of the cake, ok, but by and by strict criminals, so
here is here. Some of the tape is unbelievable. This occurred
leaders of tomorrow international ministries around right, right,
they're being held up at gunpoint,
armed masked men,
storm the podium. The bishop's
is Lamar. Whitehead is delivering a sermon
I and they walk up and they
just a guess, jewelry and they strolled right on out according
post police had the bandits at four hundred thousand dollars worth of jeweller from white had his wife and possible.
Churchgoers white,
addressing the maroons who, with a gold, trimmed collar and sleeve cuffs, was wearing a long gold chain and a large ring on each finger at the time. The robbers fled east on avenue d after the crime. Again, the the the
are still at large, but we are not allowed to actually note any description of the robbers whatsoever, because to do so would be politically incorrect. That's the way that it works in the
media. It is a bad way. It is an incredible thing if you know that if these were white criminals who are robbing, for example, black passers were hitting a black man with their car and then robbing him it'd be a national news story, but black on black crime is
for a national news story unless it is covered by the right, because the victor
jason of black victims. We have to ignore. That's along the victimized happens to be a person who is black. Meanwhile, Eric ETA
The mayor of new york city again
is any beautifully it. It is. It is incredible when they are forced to actually confronts the impact of their own principles. Things get pretty ugly pretty quickly, so Eric atoms
You'll. Remember that not all that long ago, he brag about new york. Being a sanctuary. City on twitter is talking about how new york was a wonderful place.
to be for illegal immigrants and how they were going to welcome everybody, and it was just so terrible that these terrible terrible right wingers were anti illegal immigration and say tweeted out yet
new york city will remain a sanctuary city. Under an Adams administration, we should protect our immigrants period
I will now he's having some second thoughts, because it turns out that texas is in arizona
in other states along the texas
along the mexican border. Those states are saying well
You know we're not all that hardly any illegal immigration. Are you guys up there? You seem real hot on illegal immigration. Have you take care of it? And so I ve been bussing illegal immigrants to washington dc in europe, and this has led Eric atoms to wine, about the fact that some five thousand people
I have now been boston, new york city and how's, he going to take care of all these people. Well, I mean, let's put it this way you can
say that its racist, when the city of laredo taxes, which has a population of thirty five thousand, is forced to take in tens of
thousands of illegal immigrants every year by the by the boy.
patrol and by the terrible binding.
Inspiration. Five thousand
Legal immigrants arrive in your city of ten million people in europe wanting about it, so I'm wearing principles dude. I thought the
I've got a sanctuary, city and everything's, going to be fine, should
borders are bad. Aren't they explained
Eric Adams? We can't have of the historical
I believe people should be housed, but just don't house them on my block. Everyone blocks. Everyone's block is going to be impacted by,
and so we have to add our advocacy
with our ability to help our neighbors and we need everyone on board. With this, you know cause. As I stated last week, our schools are going to be impacted.
our healthcare system, is going to be impacted
our infrastructure is going to be impacted of, but we will,
want to do our job and we go we going to do our job and we going to need all new yorkers to be with us on this
now he's complaining. These terrible people had more shipping their chipping these illegal immigrants. Here it is,
pleasing to watch left. He clocked in the head.
it's on boomerang. They throw these powers
see out there we're going to nail you with our own policy and then the boomerang comes back, smash them, and then they have no idea what to do about
It's also amusing to watch as democrats start to invite over the fact that the radicals in their own caucus are really bad for them. According to daily wire neuro state centre jessica ramos, who has no right, winger slammed represented alexandria cause report, has some effort on twitter for allegedly
never being present in the community she's supposed to be serving well, that's because
serves the community of instagram right I mean she she's, not actually a congressperson. She doesn't do anything for a living. She goes on instagram and she talks about.
while stickler face, and bowls of ice than the media cover her as though she is actually promoted a single piece of meaningful legislation. Her entire career, which is not
the remarks from ramos chair of the europe Senate committee on labour can respond soon exchange, though cosmic, which has had a mine regarding health care, a tweet from a random twitter account said, quote a couple of
highly respected health policy. Academics recently set up a meeting with our seas office to discuss any at an age s style, healthcare reform.
there's a burly by elsie staff will not doing healthcare right now. I'm really sorry to hear this happen
not representative of me
my values, Ocasio cortez, you responded. If you can connect with details, I'd appreciate it I'll follow suit.
it will be open. Ramos responded directly quote: maybe
spend more time in your office with your team, you know what goes on just saying would be nice.
Breathe our air so employer? What happens
the who said this speech actually getting clock by the left, a lz
responding to criticism of her calling out ocasio cortez by explaining that elsie's offs are on the same floor as hers and she's. Never there ramos said artist
if are the same floor in building she's, barely ever presence in the community in
disputable fact. While I mean that is true,
because, again she's, not a congressperson she's, an instagram star, her job isn't to be with her constituents
her constituency is the media and the media lover
that's so true of pre much everybody who governs in these big blue cities, lorry lightfoot constituencies, not people, Chicago's, media
of a nuisance constituency is not the people down Fournier, it's the media
with all of these mayors and governors of big blue cities and big blue states. They're. All performance of the actors, on behalf of of
of the media there they're not interested in what their constituencies
actually wanted. Then they wonder.
they're losing more and more.
One giant reason well, if you are one of the many americans who are,
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Meanwhile,
Let's talk about racism in this here, united states. We can talk about it because there is a
a story that has captured the top of the news, and that is that
lee supposedly, a mass got at sesame places racist. I I
continue to fail to see how the tape that we have been shown is is racist. But here is the story
we are very, oh sure, by a person him jody on social media, shows her two daughters, excitedly green characters that they parade through the popular theme park in philadelphia,
then philadelphia is is a largely mineral.
said he. So the idea that that sesame pay
his racist that libya is our place to put like a racist theme park, so right around philadelphia, strange place, but a racist
in part when the two girls see the character of rosita walking by they step forward for a hug or a high five, and then the the man,
got appears not to see them and then walked past them.
This turned into a national news story, because the two little girls are black and we can't just attribute this.
and by the person inside the mask got to the fact that it seems rather
comfortable to be inside the mascot. I dunno what the visibility is like because I've not worn a giant sesame street head on, but it's
appear that this is a perfect example of brutal.
Systemic american racism, but the mom posted on instagram coat
posting this, because this had me hot? We are on our way out of sesame place and the kids wanted to stop see the characters. This disgusting person blatantly told our kids know then proceeded to hug the little white girl next to us, then, when I went to complain about it.
kept. Looking at me, like I'm crazy. Well, I mean
I asked the lady who the character. Wasn't I wanted to see a supervisor. She told me she didn't know I'll, never, step foot in sesame place ever again. Please feel free to repost. This please feel free and it feels like you kind of want. The
hey now, this woman's name it turns out, was jody brown and
She then decided that
I chew sesame place over this incident, for which there is no verified, actual racism. Here she was explaining there's several different. The that we may number one
we call for the immediate termination of that individual there's no room. There has to be a no tolerance policy in our country, one.
comes to racism. We also asked for an authentic and genuine apology. What we see
Is the company just responding when they're almost complete
to win and it's damage control
again. We have to have you know the company take more of a proactive step and they need to do right by these children. I mean
these children have separate emits harm. As a result of it I mean they will fall
we'd, be known as the two
who were dismissed or reject
it by sesame street character. They need to be compensated and need to have therapy
for them is so so again. This is. We can't just let this go by
without any substantial changes. If the theme park does not do those things, are you contemplating a
Oh, of course, we've said from the very beginning that all options will always remain on the table. I mean if we
want to have these two children
guys delegation, but if that's what we need to do to you backs away change in this country. That's what we have done,
so much so much similar writing here as b, I very Lamar who is the lawyer for the mom they ve suffered immense harm. Have they seem like
The harm that they suffered was mostly because mom decided to post the video and turn this into a racial issue without any actual evidence that it wasn't just a guy in a giant character suit who didn't see the kids
properly and was addressing
Well, behind them, it's what it actually looks like now that he's saying no to the kids that the person inside the character suit is saying no to people who are standing behind the kids, but pretend that
that this is? This is true. Raising the congressional black hawk is now requesting a meeting with the president's and general manager of sesame place. The congressional black hawk is congress. Once we must have investigated,
Hearings like january sixth, what happened over here since the
made its way across social media sesame?
just released a statement. The performer didn't ignore the kids on purpose and the nose
as seen in the footage was not to the children. Specifically, they called the
That's not what happened. We understand why
see it that way but you're wrong. Instead, they quasi apology,
I apologise nest. The worst thing you can do now. The cbc wants it.
audience with the sesame place park. President and general manager to discuss
and then the sea says court over the past weeks in multiple glaring examples of racism coming from the park, including-
that vital video? Okay? So where are the other examples where the other temples
I thought it was excuses. The mom said. I also thought it was very disrespectful, like they were trying to brush me off. While I mean they were drunk brush you off, because you seem like kind of a crazy person. Frankly like this is this is the
but have you never been to a theme park where your kids try to get these
of one of the characters in it and haven't gotten it
disneyland all the time. The characters are
so like interact with hundreds of people at one time sometimes kids get missed. Is that because of racism, but a pair
this is a a brutal instance of racism, brutal brutal
and this is why, by the way, it's very important also that we had Benjamin Crump, one of the great rachel
the stories of time sign on the sign in Benjamin crump is
lawyer who arrives anytime. A black person gets shot by a cop who is not a black cop
Benjamin Crump shows up and claims that it's unjustified and unjustifiable, despite the fact that in at least half of the cases that is not true, I was a significant more than half of the cases. That's not true. So a benjamin crump showed up as well
to talk about this. He went to a protest, And- and here is what benjamin Crump had to say- you saw the video you look in their eyes with rosette, just ignore them as if they are invisible, and it's such a difficult thing for miss brown and her family to have to explain to her six year old daughter and six year old niece about racism,
It's not fair, mean credit to benjamin chrome for being able to men
the same sort of gravity that he
when your people actually shot for this, that that that is cumbersome. Ok, so we have now learned
if a if a theme park, character mistakenly, does not take a picture with a couple of blackheads. It's definitely because of racism, but for sure, what's not because of racism. Is this
he's from damon young, a contributing columnist for the Washington post
It is literally in the washington post years the title of the piece ready
someone gave our daughter a white doll. How do we disappear it? Not racist, not racist at all.
quote, we still don't know how got into our house. Maybe it was
and for my mother in law to regular,
snakes, toys and snatched orchids like their prisoners, and she knows them phone card minutes, maybe it was borrowed from a classmate or maybe
conjured itself into existence through alchemy and spells either way. Two months ago, when my
I noticed our six year old daughter was playing with a white baby,
with long blonde hair. Our immediate thought was wait. Where did that come from, and then
what you ve done it for two days our thoughts shifted. So how do we get rid of it? What
my wife- and I don't see eye to eye- and everything says this columnist- thou be boring and weird she loves dancing in public. I love dancing in my chair while eating food by myself view things matter to us. However,
more than our total, loving her features her hair and her skin. As much as we do. She's perceptive enough already to see
and feel, even if you quite articulate yet how white beauty is considered
standard here in america a status.
worst when she notices monochromatic magazine, covers at a bookstore or watches the advertisements during your favorite cartoons, and, first of all, have you not been to a bookstore in, like thirty years,
seriously look the magazine covers those are very diverse magazine covers
Look who's in commercials. These days is not monochromatic white people,
It really is not but says this columnist,
we ve always been intentional buying her dolls and twisted color black is always there.
Prince, but we made exceptions like malaria white tells, though we have an officially banned them. There's no sign on our stoop, saying no dogs or malibu barbie's, but if we're at a store- and you only tools for sale or white will be leaving dollars, then a rationale is simple. The physiognomy of a baby doll represents what the person buying it considers to be precious and its decision to gifted
dull towards water, who is already aware of the ceaseless procuring proselyte zation of eurocentric beauty, could commute
I to her that we value those features more than hers. So then
rest of the article is about how they are going to get rid of this doll that their daughter,
she likes incident.
very, very important. They say
exciting about her, preferring deasey overboard.
does seem for not would probably happened, is what always happens with my daughter's twice. She got bored with. It started playing with something else, or maybe
us took the initiative and followed through the disappearing mate
daisy is in the mana ganda river floating past Mckee's
albania. I guess I could ask my wife if she did that. I guess you could just ask me, but if neither of us asked neither us will know the truth
and if neither of us knows the truth, neither of us would have to perjure ourselves at a tribunal. Okay, I just I. I question whether a piece about a white family saying
We took a black barbie and we threw her in the river, because
we didn't want. Our daughter, playing with black dolls, was to believe that black dolls were beautiful. How that would go
and yet that sort of mainstream can have clear.
Open racism is perfectly fine me, but you,
A a sesame street character who missed
frequently ignores a couple of black girls and that's deep systemic american racism yeah. I think,
I got this a little backwards. Guys, then, you have a little backwards. Alright will be back later today with additional content. In the meantime, go check out. The Michael knowles show that's available right now, a daily wire plus att dot com, I'm Ben shapiro. This is
ben Shapiro, show
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Transcript generated on 2022-07-28.