Biden’s team tries to teach him not to trip as the president visits a United Auto Workers picket line; new evidence shows Hunter Biden took a $250,000 check from the Chinese – and it was sent to Joe Biden’s house; and former Trump aide Cassidy Hutchinson makes the rounds with some juicy tales.
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Ep.1816
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This is an unofficial transcript meant for reference. Accuracy is not guaranteed.
Joe Biden team tries to teach him not to trip as the present a visitor, united autoworkers picket line new evidence
Hunter Biden to the two hundred fifty thousand dollar check from the chinese and it was sent to job
this house and fallen from aid. Cassidy hutchinson makes the rounds with some juicy tales. Adventurous is the bench
The today
by expressly vienne thousands of militarism already secured. The network data join them expressly begins icons, lifespan already. So
Joe Biden numbers continued to look absolutely awful as a brand new pull out and it shows
Joe Biden numbers again remain just devastatingly bad. For example, this NBC newspaper that just recently came out shows
the republicans having twenty one point advantage on the economy, fourteen
percent registered voters and pick the geo, be twenty. Eight percent pick the Democrats. That is the biggest led republicans.
Held on that question since nine,
Ninety one, since
ninety one remember Joe Biden like more undecided.
Is going to brand his entire economic programme Biden economics, which gives a short hand to his republican opponents to now hang.
A kind of me around his neck they're, going to that anyway,
now. He himself has cut ads for them in by economics, is working over and over properly into a microphone by dynamics. His work, like just juxtaposed footage
with all the inflation stat juxtapose. All of that footage with the stag
economy how people feel about the economy
How can a work well for the Democrats
we really bad numbers for Joe Biden and you're wondering why did
every major national paul Donald trump is running either even to or above Joe
the answer is because it Joe Biden, is terrible at the president thing, even James carville, who of course is a democrat pollster
analysed even cargoes like somebody over their needs to wait two effort because trump could easily when the selection reaffirm no action was november, the third of this year and in their fed the candidates have Joe Joe Biden there,
grab downtown to republican Joe mansion and Larry hobo. No labels and corner west shop would be bearing favorite
If I told you I would give view even money, you would not take ten bet. I am so somebody better why
got a cargo is not wrong about this again. The poles are a little bit disparate you have
well from a b c news, washington, post the trump up ten, and that came out just a couple of
he's gonna others into mourning constable just Biden up one, but
I have one means diviners winning forty three percent of the vote. That is forty three forty to raise. The question here is whether there is a ceiling
drunk or whether there is a ceiling for Biden. Who is this watching?
the referendum on well, meaning
Joe Biden scheme is physically attempting. I can you not to stop him from tripping. Is an article not like tripping on drugs like actually physically tripping and falling down again
to act. President Biden in his campaign are working on a critical project for his re election did make sure he doesn't trip
things are going amazing over at the Biden campaign. I have to say that the down from description of Joe Biden walking couple weeks ago,
interview continues to be a single best description, job, I'm walking down further
It's like he's walking on two legs every time he walks it's like he's walking on legs and that that is true. It looks as though he's desk
The attempting not to fall over according to act,
as voters expressed deep concerns about the eight year old president's agent, fitness for office by dismissing extra steps,
from stumbling in public with a visible,
airbus Biden has been doing exercise to improve as balanced as far back as november. Twenty twenty one here,
tennis shoes more often to avoid slipping and using the
years on air force. One entering plain a lower deck, then
because every time he goes up the stairs in following up the stairs demo,
including some of the administration, are terrified Biden, we'll have a bad fall with a mercenary.
with that happening in the weeks before the nov twenty twenty four election. You remember this actually happened to Hillary Clinton when she collapsed into a van just a couple of weeks out from the twenty sixteen election
according to actual some senior democrats, privately have been frustrated with binds advanced him for months, citing the incident with sandbag way tripped over sandbag and fell down and knowing
President often appears not to know which direction to go after he speaks at a podium that back buttons
these difficulties are likely the result. What his position is diagnosis in a combination of significant spinal arthritis in a mild post, fracture foot, arthritis.
he worked out, many more and with his physical therapist, and he has to have propria septic maintenance maneuvers. So that is interest,
Apparently the white house, both ferdinand rebates, told the access this isn't knew. This was discussed.
twenty one in one report from the president's doctor and then again this year, so vital.
Out of behaviour, his inability to do actually stick with with a train of thought and effectively
literally falling down all this undercuts, the feeling that this is a durable candidate in theirs footage.
immediately after the story came up Joe Biden
up the short stairs again there not having him. Take the long tall stairs like the middle of the plane anymore. They haven't, we take. The short stairs
It makes sense since he usually rise the short bus, netteke s. Hearing
going up the short stairs and and rubbing
does almost looks. Almost I've been seeing for four months now watching Joe Biden, you a press conference or go up a flight of stairs writing it feels like watching nick will lend our cross volcano on a title.
like. You just don't know. When you're going to be watching history in the making every time he goes down or up a flight of stairs. Now again, he could survive all of that. If you're well respected
He could survive all that if they want a broad scale. Recognition
he's very bad at the president. Then they went
the policies really bad and also he still
by serious corruption allegations as more news breaking almost corruption allegations actually
a rather significant piece of news breaking on those corruption allegations, because that momentarily first, if you're feeling uncertain about the future of the economy, one
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percent of james calmer was the leader of the gnp oversight committee in the house he has now revealed.
That there was a wire amount from a chinese figure, two hundred Biden an
was resting on his wire amount, Joe Biden home address, according to you,
homer house committee on oversight and accountability. German genes comber announce the house,
like many subpoenaed and obtained to bank wires, revealing hundred bind receive payments originating from chinese nationals, including jonathan Lee in July and august twenty nineteen one job.
was running for president of the united states.
is Wilmington Delaware. Home address is listed as the beneficiary address for both wires. You sent for me
records don't lie, but presidential biden does. In twenty twenty Joe Biden, told americans family never received money from China, we've already
that's the allied earlier this year now we know two wires originating from beijing was
Joe Biden, Wilmington home. As the
fishery address when he was running for president of the united states, when Joe Biden was vice president, who spoke on the phone and had coffee with Jonathan Lee in beijing and late
the college letter of recommendation for his children. German
Abuse of public office for his family financial gain threatens our national security. What's inviting do
with this money for making a merit
is demand and deserve accountability for president Biden and first families, corruption, he so
We have now move the goalposts remember. The goalposts were
hundred, I never did anything, never to chinese money, nothing to ok
by may have taken chinese money by Jonah
I knew about it too, while Joe knew about it, but he was never involved in business too, while Joe was involved in the business, but only tangentially by joining for, like business calls to or Joe knew, and he was probably kind of involved in the business and knew that his son was trafficking in his name and helping out his son, but the money, never
We entered anything remotely to do with your mind too. Well yeah I mean the wires did have his home address on them, but did job
I personally take that back to the bank that
that is where we are now in this particular story.
The way it is worth noting that, at the time that this wire listed Joe Biden home address,
You know who is not actually living at home at that time was
Joe Biden according to its own memoir. He was living in california at the time.
so poorly, he was just using
the home, address of Joe Biden best case scenario, because it was kind of a stable address for him to send the money,
by the way I'll be the same home address where hundred Biden was was sometimes
staying. Andrew bind was given all those classified documents, speaking of which he binding documents classified doc
in scandal is now apparently increasing. According to the abbey
see news report. The federal investigation into Joe Biden's handling of classified documents prior to becoming president has now grown into a sprawling examination of obama era, security protocols, an internal white house processes with investigators so far interviewing scores of witnesses, including secretary
it anthony blinkin, but
prosecutors. The end of b, I agents from special counsel Robert hers office, have been interviewing witnesses for nearly nine months, targeting an expansive constellation of former aides from high level advisers to executive assistants in at least one white house attorney, apparently
is one hundred witnesses have already been interviewed. Apparently,
what he's had apparently uncovered instances of carelessness from binds vice presidency, it seemed to them that it was more likely mistaken criminal act, abundance of these documents
m, but they reached no final determinations. Any investigation remains ongoing. Now all of this would be significantly less
vicious war hunter by not receiving wires from foreign sources, while Joe Biden had been presiding over the policy, and then Joe Biden runs for president is keeping these documents in the garage. Next to his corvette or hunter Biden is present not only the
by the way of this would be a little bit
troubling if it were not for the fact.
That we now know, for example,
Joe Biden and his friends apparel.
like hanging out with light around.
In sources it there's a fascinating scoop from summer for tat
about how the senior iranian foreign ministry actually created. Eight and effort
to boost iran in the united states, and they effectively co opted a bunch of.
I am at your officials, including people who ended up
Joe Biden, administration.
I am you talk melick documents floating around in time that suspicion people hanging around those documents, if you're talking frankly about lack of of national security, awareness or care. Joe Biden is near the top of the list, and all of this is it
billy suspicious in it not just hunter by receiving bribery money, which is pretty obviously what was going on here. But the fact you got these classified,
admins that are floating around every, which way you can say it was a mistake that Joe Biden took all that stuff home all right, but at the very least I mean he took those home. He left them in d c in his office. He left them in his wilmington delaware. In in his garage and apparently
Iranian officials were swarming, the Biden administration and the obama administration according to semaphores
in spring of twenty fourteen senor around
in foreign ministry officials initiated quite effort to be
MR teheran's image and positions on global security issues, particularly its
we're programme by building ties with a network of influential overseas academics and researchers. They called it the iran experts initiative,
the scope and scale of the I e I project has emerged in the large
ash of iranian government correspondence and emails report for the first time by some afore entertain international, the official
working under president hassan romani congrats
themselves on the impact of the initiative. At least three of the people on the foreign ministry list in people were concerned. Allies of IRAN,
war or became top. Each robber molly began
administration. Special envoy on IRAN was placed on leaving
following the suspension of security clearance, the documents offer
even unprecedented new insights into the thinking in inner workings of ron's ministry. At a crucial time in the nuclear diplomacy.
the communications reveal the access we're honeys. Diplomats have had washington and europe policy circles, particularly during the final years of the obama administration through this network, one
the german academics in the I offered goes right up ads for officials in teheran. Others
times you could buy from the foreign ministry staff about obtaining conferences in hearings in the united states and Israel. The
else described. The idea being initiated follow real honeys at twenty thirteen election when he's looking to find an accommodation with the west on nuclear issues and basically just started
in people around washington, DC and bunch of those people, ended up in
the an administration, including people surrounding robber, mally mean this is frightening, soft and demonstrative of just how corrupt the ties are between foreign adversaries, like
on and the and the obama administration we truly astonishing stuff right there.
This is why robber molly, who was again brought on by morocco, mamma and was in iranian ally, apparently ends and also
was then brought on by Joe Biden to negotiate with iran and was surrounded by people had been cultivated directly by IRAN. That is frightening, stuff. Obviously,
in just one second, we'll get to the fact that, because Joe Biden is flailing,
because pals is really bad, surrounded by bad people now he's forced to take. It
can radical measures to shore up his sort of core of support will get to that momentarily. First, what's imagine for a second that your job is to go and obtain artifacts like
old artifacts until you find yourself in
south america trying to make your way through
some sort, bizarre cave, and it's got traps everywhere and,
as our moving through. This gave a job
border. You really should use this. This damn thing. If you try to substitute a sack of sand. First ass, you try
make the way, even if it doesnt work and trample. There is rolling effort, as that
the rules after you think, there's a man. I should also
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Joe Biden's flailing in the polls, because independence are turning away from him because at best he's running competitive with donald from it.
Should be like every morning. Both should be going off for Democrats, democrats believe the donald trump is dead
We unpopular and by the balls now from his popularity ratings is his.
His popularity unpopularity popularity ratings remain absolutely bad,
They're allowed people are on the right level that does not change the fact that when you,
look at his approval raining when you get down trumps approval rating? What you find
that his approval rating is really really bad.
The approval ratings for donald trump right now? According to five thirty, eight, his latest approval rating is forty one percent unfavourable fifty five percent. Those are not good numbers
actor. Joe Biden is running even with him, as the incoming president. That's horrifying news for Joe Biden.
remember this guy, who one seven million more popular votes than donald trump, specifically,
in reaction to drop
So what does that mean? A means that Joe Biden has laconic or support help? How do you know
and, of course, support. While, apparently,
Now that he is going to now signal
every union in the united states that, if they strike
Once you stand on their side against their employer in the middle.
Inflationary wage price spiral. This is true
well crazy
These, a united autoworkers, are currently in the middle of a strike.
two of the big three. There are striking, stolen,
ford, but they decide not to broaden the strikers. Ford is making a bunch of concessions. Now I remind you that the new
there are currently being made by the? U s, w art
Will we insane
what they actually want is crazy. They want a thirty six percent pay increase across it for your contract. They also would like
annual cost of living adjustments, which means
automatic raise. They also want their their benefits. Plans moved from defined from defined payments pledges
fine benefits plans instead of you getting back or what you pay in plus a percentage they wanted to find better.
Plan, which is what bankrupted the automakers in the first place,
they also want either
Do our work week and everything above them
where's pages overtime, which has total
great so these are. These are nuts. They also want the big
their gratitude, your wig structure under the current system tops your workers. Grinned CBS news earn an average
thirty, three bucks an hour. Those hired
in two thousand and seven are classified as lower tier and earn about seventeen bucks an hour.
there. You are w, says that they just want to get rid of that. Everyone gets paid thirty three dollars an hour, so they want and define pension.
They want substantial paid raises.
more paid him off and they want a forty workweek,
thirty two hours for forty hours of pay, which is nuts
I also want a right to strike overplaying closing. So if the plants closed because the profitability goes way, they want to people to strike over that
there's one working family protection program that pays you a w to do community service work if the company shutdown facility. So if
show them facility in drink. You
it is now going to have to basically forward if they shunted still answers if they shut down of accurate,
but you have to pay the: u n w workers to go to a
kitchen and work
makes zero sense at all. They also
represent workers at their electric vehicle battery factories, which are being built right now in joint ventures.
The automakers in south korean better makes these are their demands. So this a list of demands that is totally nuts
money demands what it particularly noddy, given the fact that again,
Carmakers are about to base the hammer of the bush administration, trying to force through electric vehicle transitions. Some need. The big three are deeply reliance and said before on gas powered engines in traditional engines and
widen because he has captured by his environmentalist base, believes that he can force down and cry
down through government mandate that all
companies move toward electric vehicle manufacturer. The problem is
more, that stuff is automated, and so it means
One profitability for these companies can go down because their chief sources of profit are gonna, go
in certain terms, the gas powered engines and number two,
A lot of the jobs are going to go away so at a time when the jobs are threatened. Thanks to the vitamin inspiration and the profit,
what is written thanks to the administration. Joe Biden is cited
With the: u s w, so yesterday
I went to the
actual michigan picket line. He did this because used
pray that u a w, is not going to get out the vote for him in two thousand twenty. Four. That's really all this comes down to Shaun Fein had already said we're not going to issue an endorsement of Joe Biden because you either stand with us or you don't stand with us, and so Joe Biden like a good little lapdog.
Then went to Michigan and went to the pig
I wish on pay, which is crazy again, that the federal government should not be taking open side.
in businesses and unions. It's their jobs, help facilitate if anything,
you already have the nlrb which exists, the national labour relations warden abomination of american government that exist,
help facilitate these things. There really is too
and cut out when democrats one the place to actively going in
picketing with the? U s, w saying we agree with you on your demands, you want, you want inflation
if you want stagnation. This is where you get inflation and stagnation. As you have these unions that are striking in the middle of an inflationary economy.
I intend to get higher wages and higher benefits driving up prices at a time when, again people can
the prices they currently have
which is going to lead to less demand which is going to lead to was of jobs, joins wanting stagnation and then really true stagflation everybody feels it.
domain is going here because he knows he needs that union support. That's how desperate
nobody is going to do
regional. He walked in michigan picket line with striking autoworkers on tuesday offer an unprecedented display of union support, as yet
the president down from prepared for a fight for working class voters by enjoying members of the age w union at a gm customer care center, a politically risky
making the first just president to walk a picket line.
This is totally not again they're calling for a forty percent pay raise these workers
calling for a forty percent pay raise so.
We'll get to draw binds activities on the picket line in just one second avi by
nah is going to sing Joe Biden, and his choice here is among to steer directly into it. It's a bold step
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Joe Biden actually was therefore all of twelve minutes. That's all took because again,
he really has to do here is just demonstrate that he has full fealty to the union's.
In a written statement on Tuesday donald trump respond by blaming workers problems on the push, my by an undemocratic wrote, a crooked
should be ashamed shows based before these hardworking americans he's stab in the back. There's, there's truth to all that
from had announced his michigan visit first Biden steed.
then announced that he was going to go to the picket lines himself demonstrate again fulfilled to bend
two sean vain joe.
I was cheered by the. U s w as europe is. Why, wouldn't I mean he works for them
support for you, the taxpayer mademoiselle
bargain and american politics is unions
electing the very people who then help me help negotiate rich country
on their behalf, using the full weight and force a thoroughgoing superman
Here is Joe Biden arriving yesterday. We
county michigan,
Third maritime milburgh
I felt the actual. Let's keep going or,
right. Now you deserve what you ve earned. Ok, well, if they have earned it
and presumably they would be able to negotiate this without striking and bringing the president of the united states as the pressure cooker for for the for the big car companies by the way, here's the
This works. You crammed down the union contract. The auto companies go belly up.
And then the federal government comes into bells mount distributed. We ve done it twice before in my
american history. It happened in the early eighties and it happened again in sudan.
Two thousand nine. So we ve been here before crammed on a bunch of crappy contracts, bankrupt the auto companies,
Come them uncompetitive and then come in and bail them out with taxpayer gas. That is.
All of this work
when Joe Biden by the way, has the walls region bill the country, the middle class, build the country. What is this that that such as just stupid line
Austria is not working in opposition to the middle class. Who do you think invested in the company to hire people? Who do you think these companies are built by investors? They are built by entrepreneurs, and then those companies create a market, and then they have to cater to that market by hiring workers
and hiring labour. The notion that the middle class in exist until unions existed in the united states is a wide unity to milk class countries that, by the time of the tocqueville ridiculous,
when Joe Biden says that men, Joe Biden, has stick with it. You deserve the rays. You deserve a single stick with it. So you see one
Try to continue is what you're saying you from the president of the united states: when are you a w hat shoes?
It agreed just stuff, it's really quite disgusting wit, putting on
the hat of a union in the middle of a negotiation with an employer, these are two supposedly private parties. Member of the! U a w e is a private sector union and Japan
representing you, the taxpayer, not the union.
This is wild stuff. There's. A reason no present has done this in the past, including brok of emma, was totally in hot to the union's here.
There is Joe Biden being as radical as radical can be.
I definitely saved the worlds gave up a lot. The companies trouble are incredibly well guess what appears to be the greatest need and other benefits that go. He lost the demands. Hadn't been simple for us who's us my friend who's us,
let me point out that the reason that the way tat we had to make concessions to the automakers into that.
It is the automakers went bankrupt. There are literally bankrupt. There can be sold on the chopping block every year.
we'll contract. We have gone to zero zero because they were
Bankruptcy would avoided the contracts so what they
It was made concessions to receive thirty four billion dollars in federal aid agendas.
They're worth to you. A job cause he's really rich contracts with the automakers at the behest of the government
and then the market goes south. The automakers take it on the djinn.
on the verge of bankruptcy and guess who gets to pay for it. You get to pay for it. That's the way
this works. Well,
awkward because again, the doubly renault striking for benefits that no American got to mean a forty percent pay raised over four years. Forty percent-
authority to our work week. A unicorn like that. That's what they're currently striking for
and so great jean pierre was asked at the white house. So is he actually in agreement with all these demands that what he wants here and she's like? Well, I'm not going to say
I'm not leaving each other on the figure lines with them by dumb.
Expressing a policy preference? While I noticed that when you endorse one sided negotiation that generally involves endorsing their positions, that's an absurdity:
Oh yes, do not go to the picket line. If you didn't want to express policy preference, if I go to a pickup
where people are literally striking for
Why is he and I dont express my policy preference? I just put on their hat
we talked about how wonderful they are and how they deserve everything. They're striking for well yeah he's endorsing the? U a w position, but the problem is now. The white house is stuck between a rock and a hard place because, as the
we continue to turn south guess, who's gonna blame
Joe Biden other on picket lines. Is the
is tat in the world. Your car now cos
more than it would have cost otherwise,
You know, is to blame for that job. I'm Joe Biden labour that
there is great, jean pierre trying to somehow get out from the sticky position. Is it like by going
to stand with workers at a picket line, the press
literally stated
The man in terms of their seeking in the contract is when you are
about two minutes specific. So there you see,
saying you guys don't want to get into the specifics of the disputes. Is he not
with them on their tyres with which there trying to negotiate a means to be very clear here, standing with them to make sure that they get a fair share? That is what he standing with them upon. He is standing with them and we ve said this that that day, in that we have that they get the record. The record profits mean a wreck, a contract for you, a double dad is why he's going? That is what he standing for right. They deserve a fair share of of the value that they helped create. That's what the president is saying, but the details, the specifics of what that looks like what makes both sides happy or or anything in those negotiate at the negotiation
people. That is for them to decide that what then was he doing? There isn't a go. He has no position on how this negotiation comes out. He just literally putting on the head of one of the parties
imagine you have a mediator and it happens all the time in contract disputes. There's a mediator. Imagine
here comes in registry between you and me,
and media comes in wearing a daily wire hat, which side you
think he's going to take an immigration. This is so ridiculous. It's ridiculous, but he's ready.
the president of the united states. Meanwhile, the lie
that is being used here by the Democrats, is that Joe Biden is able,
It is because these overseeing a manufacturing renaissance here in the united states,
dunno senator from from michigan shoes,
the Joe Biden, can take sides of the. U a w, because he's bringing manufacturing jobs back to america, and one of the big lies that the Joe Biden tells will explore in just a second. In fact, the rate at which manufacturing
we are being met are being created in the united states is precisely the same across administrations. But here is a tempest
In a line
and for the auto workers. What is the significance of the president being there today
well, it's always great to be with all of you. Let me just start by saying it is historic that we have the president of states that will be joining with the union on the picket line. He's actually been overseeing the largest manufacturing renaissance in our history, but for all of us in our lifetimes right now, creating more jobs who want to make sure are good, paying jobs, okay, well mental I mean here, for example, is a chart of federalism
bank of saint louis, of manufacturing, jobs that have been created,
overtime when he sees there there's a massive decline in manufacturing jobs in the united states during the great recession from two thousand.
two thousand nine, and then it started to slow. We climb
continue to slowly climb all the way until about mid two thousand twenty and then the pandemic it
and then, after the pandemic, hit it dived and then it kind of increased back to where it was kind of before.
So now it turns out the manufacturing. Jobs have not been wildly coming back to the united states under either from or under debate
and the reason for that is because of partially union contracts. It turns out it's really expensive to do labour in the united states. She had tech objects right here,
when new technologies robotics. That is tat if it's there.
I to hire the way w. Why not to build the machines that are going to take those workers off the line
in the united states, manufacturing sector productivity has more than doubled, since nineteen eighty, even as employment has fallen by about
Third again, that is
is because machines, that is because of new technologies, we're never gonna
back to the nineteen fifties, with the percentage
people were in manufacturing, but the notion
the Joe Biden can stand with the: u s w and make labour in united states more expensive and simultaneously increase the number of manufacturing jobs. It belies pretty much all data meanwhile city
ratner, who is the obama administration? Cars are actually slam Joe Biden for doing all of them
is everything going on picket line. Is outrageous, there's no precedent for it. The british
the present stay neutral in these things, I get the politics
The progressive is also we don't want a mediator, one advocate and he bowed to them.
As suppose know has been blocked. Then there and put on is wrong. He's
he's in favour of the euro w getting more benefits? Recent increasingly, militant you w is
play him with an overly lengthy and overly ambitious list of demands. Is the problem
strike which could lead to farmer why
red, shutdowns or out of order facilities could jeopardize the economic recovery.
And only eight hundred billion dollar. Auto industry accounts for three percent of economic output, with particular content.
in the mid west or states like michigan
go to bind reelect effort.
So yeah? That's obama's own cars are saying this is insane. You can't do this.
Meanwhile, where did you find out
coalition. Basically right now is union heads. Minorities college can white light a white ladies.
That is the coalition for the democratic party.
and Joe Biden was trying to bring all that together. He spent twelve minutes on the picket line according to the free beacon with those autoworkers, then he headed directly to a fundraiser in california at the home of a billionaire couple that funds the movement to abolish policing. So he stayed there for, like twelve minutes,
gone immediately, moved over to california to pick up some tracks from the rich lives,
solid, stuff there from the president of the united states. By the way the economy continues to stagnate
According to the wall street journal, the amount of cash- the? U S, household piled up after the pandemic struck has shrunk. In fact,
your household savings explode
after the pandemic, because the governmental sign people checked for nothing
So the question now is how much cash is left if any, according
Whilst we journal the east
wait to see what happened to savings in the wake of a pandemic is to look at the
savings rate measuring the share of after tax income. It doesn't get spent in April twenty twenty. It was thirty three point: eight percent compared to eight point: eight percent-
over the course of twenty nineteen and elevator.
Around twenty twenty and most of twenty twenty one last year was just three point: five percent this year. It is four point three percent again that is way too low
so one way that economists have tried to figure out much excess savings round. Those household balance sheet is basically to add up.
We after tax income, they didn't get spent since the pandemic, yet one more
has MR takes out. There is from the federal researchers
The federal reserve bank of san francisco, they called
The excess savings peaked about two point: one trillion dollars in august: twenty twenty one by the
Quarter of this year, less than a hundred ninety billion dollars remain putting them on pace completely depleted in the current quarter
in other words, although savings that people had saved up, we burn through it. It's pretty much gone, and now he fed rate higher
our having a significant impact on people's wallets according to the water
consumers in the market for loans to buy homes in cars, are discovering that, because of the federal reserve's rate increases their money gets them a lot less than would have just a few years ago. Meanwhile, those of credit cards, another loans that carry rates pegged broader benchmarks, are finding. They ve got
way way way more expensive borrowers shopping.
Mortgages, jews or auto loans are experiencing sticker shock, thirty or fixed rate.
languages around seven percent, that's from three percent to cover
years ago this, whether sticking us in the railway market, nobody can sell in order by again,
going to sell your house, even if you made money on your house thing at the end
percent mortgage bang.
Current was is completely unaffordable for the typical american household. These,
it's in the higher borrowing costs, with the high prices and marks Annie chief economist and moody's analytics he asked
the typical american household. We need these forty two weeks of income to buy a new car from thirty three weeks three years ago.
the national associations realtors calculates? The typical american family cannot afford to buy a medium press home
and then you won right. Americans are pessimistic about the economy. This would be the reason.
Meanwhile, we buy demonstration doing its best to make life even more unlivable is having the f DC. Sue amazon to amazon.
is the cheapest and easiest way for people get product in united states. Right now is now being
by lena con who's. He,
wild lefty at the head of the federal trade commission.
Is trying to sue amazon on the theory that they are effective,
a monopoly and using monopoly power to enrich itself now. The problem, of course, is that there too
this monopoly one! Is you onto bar
percentage than market. The second is that is harming consumers name, the way in which amazon is harming consumers they're, bringing new products
cheaper and faster than any company on planet earth. Right now the efta
going after them anyway. Why? Because again a bunch
political allies of Joe Biden lefties? They they don't like amazon. It is too big and they want to break it up.
That is where the by demonstrations is right now and then you wonder why this duty so wildly unpopular while that would be the reason more
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unity will. Meanwhile, Joe Biden continues to fail on pretty much. Everyone is just not economic. It's also immigration. The mayor of
EL paso roscoe LISA.
He was thinking a hundred America's the homeland security secretary and fema for disaster money. They wouldn't need disaster money for illegal immigration if they were opening the borders and allowing you know tens of thousands of illegal immigrants to pour into the country everything we on the federal level. Do you feel it
administration has been responsive to the scale of your needs, the city
I couldn't do it on their own, it's an impossibility. They would be able to fund.
Tens of millions and millions of dollars. So we ve been very thankful,
the sector majorca. Fema does actually goodness the funding them forward
We do understand that funding manned and it would be a possibility for city like EL paso, to be able to do
and make sure that people are not
Sweden became protect. The supermarkets
visitors
The same. El Paso mayor also suggested by the way we don't have any more hotels, literally run of hotels. Space for illegal immigrants
you mention ongoing crisis. You said the cities at breaking point right now, I'm interested.
How long can you go on like this, particularly as surges continue sickly
I know, and the team here in EL paso has done an incredible job, the city, the county. We all work together to make sure that we provide a a a
and a more meal for ruin in that it does. But we are breaking. We were
I hope not only out of space and when I talk to cheaper and from the border patrols, told us reports,
about two thousand crossings a day. Meanwhile chicago haldeman raymond lopez, he he's out there,
openly saying the job. I need to get his head out of this
what we see here is the fact that Chicago can sustain this chicago, can't answer this crisis
because this is the federal government's failure at the border brought to our backyard? Literally,
here in the middle, the city of chicago in front of a police district, as seen that's been repeated,
twenty two times over where we have nearly-
Sixteen hundred people living in police
districts in the lobbies, intense in the parkways. You know you can't keep
in cities like Chicago whether they are a sanctuary or not to come.
The solution for the federal government's failure, Joe by
in common hairs all of congress to get their heads out of their rear
and start focusing, what's on what's important and addressed
this issue head on and I'm hoping that it magically disappears or that you
ignore it or wish it away, because it's not working there's a reason. Did your minds. Brutal writing on immigration is twenty percent. Twenty percent.
and I imagine that those twenty percent are people who are immediate members of dividing family, because his these policies
jerry mitterrand, president from again is good.
Before him he's been blasting. The fact that the
administration is beginning free cell phones to illegal immigrants crossing the border, in the hopes that they will then call back in for their judicial appointments or something and and trump's like wait. We we won't pay for military men
as to like, go visit their families who will pay for them now cell phones, but we're gonna, give them to illegal immigrants. Explain
The illegal aliens above our veterans are veterans, live like Hell.
and you know what you see what's happening ever see the illegal aliens wonder where does thing they come in by the tens of thousands?
and sometimes a day- and they will have
I've cellphones saying: where did they get the cell phones
Everybody has a cell phone there all talking, and these beautiful cell phones there expensive ones do the nice ones. Somebody was in
that's it! Those are good phones and then I say who play a who pays their bills whose,
the bills module. You want to check that I'll, give it to marjorie chauffeur
that one at first but given notice,
come again with cell phones.
Veterans, don't have cell phones, do they
No. He is right about that again by
immigration policy is terrible sources. Crime policy
you have an administration that has basically sick. It's it's attorney general in the oj. I'm police departments. Oliver
He has put into effect, including massive crime waves, particularly
the mass shoplifting eluding there are taken over america.
major cities? According to the minneapolis star tribune target
close nine stores across four states because of theft and crime there
shopping in the black lives matter, movement that ended with the police not being involved in any way in american lights and basically, standing aside is people lewd stores. You mean that
these businesses and then the businesses leave no great shock their according to start from you
it is not a shudder. Nine stores cross forest eighteen october, twenty first piece of fat theft and threats to safety. The company now
on tuesday, the latest
this example of retailer exiting urban locations, because crime targeted and made the difficulties
to close, the stores include locations in the house.
Neighbourhood of your city, seattle portland, end
san francisco bay area after target determined that the preventive measures had proved in effect,
the companies had to try to adding more security, including third party guards and using deterrence and blocking of merchandise,
company also said quote: we cannot
you operating these stores, because Sefton organised
we tell crime are threatening the safety of our team and guests and contributing to,
sustainable business performance. We know our
worst serve an important role in their communities, but we can only be successful if the working and shopping environment is safe for all. That is insane by the way, apparently targets as they expected inventory, shrink attributed to theft and organized retail crime. To reduce the
companies profitability by five hundred million dollars this year
hard stores by one hundred and twenty percent increase in theft involving violence or threats of violence in the first five months of the year, that is in
in those numbers, are crazy, the nationally
help moderation, which represents retailers across the country
reported on tuesday that the average shrink rate and fiscal you're. Twenty twenty increase slightly to one point: six percent that brought
losses to one hundred and twelve point, one billion dollars to the industry and twenty twenty two
In forty five percent of retailers and reduced or hours, nearly thirty percent are altered, source elections and twenty eight percent and close location is a crime of violence that is all
because of the black lives matter, movement and the aftermath and the democratic parties. Endorsement of law
was policy all across america's major cities. Many visits leave and then
is the business is accused of racism because they're leaving predominantly minority areas where the crime rates are highest? That's what's happening, and then of
it's capitalism that gets blamed, not the wall, business that has been promoted by the democratic party.
Meanwhile, the attacks on president from our coming fast and furious two forms
tat their legal tax and there's the publicity attacks of legal attacks, one of us.
But its legal attacks will be seen, is ridiculous, lawsuit by Latisha
james, who is the attorney general in new york, came to office pledging to get donald trump and then found no criminal charges
sound from, could confine it things instead valley civil lawsuit against these.
organization for fraud which was absurd. She basically alleging that they'd inflated their assets.
And their worth in order to get predict alone gives the problem is the loan companies should be the one suing.
Likewise Latisha james loan company, doesn't like alone that a cup with tromp in they think whose fraudulent about it they could do,
but do not suing ends when set which it the tissue genders. Well now, a judge has ruled that trunk committed
for years, while building the real estate empire the catapulted into fame and the white house- and he ordered some
we're president's companies removed from his control and dissolves judge.
With our anger on ruling in a civil lawsuit brought by the new york attorney general, the is James found that trump and his company to see banks, insurers and others by massively overvaluing his assets and exaggerating his networth on paperwork used in making deals and securing loans. He then,
It's from business licences be rescinded, as punishment maybe
impossible or difficult for them to do business in new york. This is ridiculous. Honestly, it's it's it's just it's ridiculous apparel
They allege that trump his company and executives repeatedly lied about it.
which is on his annual financial statements reaping rewards such as favourable long terms in lower insurance costs. Those tactics cross.
Wine and violated the law. The judge said rejecting
contention that a disclaimer financial statements absolve him of any wrong wrong doing. So here is
the problem, I mean, who exactly? Did he to fraud and if he defrauded the governments and they remain criminal charges, not simple charges on all of this sort of stuff.
And grown found. For example, the trump consistently overvalued mar a inflating its value on one financial statement by as much as two thousand three hundred percent, the judge, all
from four line emphasised in manhattan apartment. This is like this.
Super weak diet is gonna, have any impact on from? Actually not voters can go. Also he's just super rich, not super duper duper rich. Meanwhile,
media are gone over the latest to tell all from the trump administration every softening
from an trump leaves get sweet gig over at cnn. By talking about all the juicy stuff that happened during trumps presidency, the latest,
Shell thrower is Cassidy. Hutchinson now far be it from me to deny Cassie hutchinson truthfulness but
I have some doubts the reason I have some doubts because she's made multiple claims over the course of the last year, or so that turned out not to be true. So, for example,
if the price has a good rundown of this on twitter hutchinson testified that trump assaulted, secret service agents and lunged for the will of the beast on january. Sixth, remember this one that he's like I want to go to the capital. Let me go to the capital ha and then it turns
that everybody in the car was acknowledging happen and then shells
testified that followed
I was counseled pants or baloney personally warned her not to allowed from to go to the capitol or quote what we're going to get charged with every crime imaginable. There's only one problem, which is that simple and he was not at the white house when Hutchinson claimed he was she testify,
whose personally henrietta note at the direction
meadows, but it turns out there was the
from the white house, where a person who said that he had written
particular note. Hutchinson testify
If the former senior justice department, official Jeff clark strategize with re giuliani and the trump campaign to object to the election, but those two never met each other.
She then continue to work for trump, a full nine weeks after january, sex in a private acts of friends sure put there.
Reported by the federalists and daily colored the time she joked about the ride on january sex. She said the jail
this committee was phony and be, and begged begged officials for financial assistance assistance avaricious subpoena by the committee. Then she didn't receive financial assistance and then she turned on trump and wrote this towel
So now has a new book out
The media are doing a national job selling it for her. It is called enough, and it has
big photo of her right on the front cover which is always design of of a person who wishes to shy away from the limelight and her
claims include the idea that,
Lee pretty much everybody in her three hundred yards vicinity sexually hereafter
glens originally on it. It she claims the maggots. Did she
claims that, like a wide bevy of republican figures, sexually harassed her over her time. She also claims that mark meadows, the former trump chief of staff,
Was guilty about herman Cain's, death or herman Cain was
we're republican public. He died of covert. He had attained.
a rally that from held, and then he got covered
maybe from the rally.
some energy suggests that that I again pretty much everybody
very into her room, giuliani
as we say she claims that he literally sexually assaulted her for his
and lives up under my blazer, then my skirt I felt is frozen, fingertips,
my father. He tells us turn up the white of his eyes. Looked jaundiced, my I start to johnny's men who flashes
leering grin. So I'm there's that
claims. The mac aids made a pass at her during camp David. He claims that he actually dated her. Then she said I would never data and all the rest of the stuff.
And she's actually making the round, so she was asked on the view
so out. Why didn't you abandoned from sooner, and I was confused as you do I mean? Maybe the question is: what made you abandoned trump now,
oh, and maybe the answer is because, once the out, like people, people who turn on trumped make a lot of money. I try to write
work with intention to bring the reader into my lives at the time and, frankly, it is confusing and its I wasn't delivered to
he's the reader I was in this confused fog of
Finally, the loyalty, even knowing what I wanted, but not feeling empowered sort of break away from that specifics actually moving to florida with him after here and
in my hindsight now. I realize that this is not nor why should not have been thinking like this, but I did genuinely put a lot of the blame on myself on the people that had surrounded president, because I felt that it was
our job to revise them. It was our job to stop him from making about decisions, oh
It is also its also self selfless. That's that's what you're saying here and then them
she she choked up, which is you know what you do? What about or send the dumb
She felt tat she. She was killing people that that action, that
If the administration was killing people in
women came moments specifically that some of the summer of two thousand and twenty in my mind, the time I was thinking like this was us. We are killing
the people we are, and we I I knew we were being irresponsible of how we're handling of it yeah. But this was somebody that was tangible, that we knew, and that was at the rally that we knew was a bad idea. So then we flash
or to january sex,
january six happen because of
a strange and because of the former president because of MR tromp his response,
or for the person that was killed that day in my opinion, and then just a grand
Nine weeks afterwards talked about how january six would be asked. So there
that meanwhile, rachel man, I was giving her the red carpet treatment, and I asked her about all the the creepy claims of sexual harassment in her book.
What I say she makes like a bunch of these sorts of claims.
Miss such as in one of the claims in your book that receive some
attention ahead of publication,
is an allegation. You make that rudy giuliani effectively, groped you at the trump rally on January. Sixth, you say that
he reached his hand under blazer and then under your skirt.
Mr Giuliani spokesperson has called this a
sk dusting lie against mare giuliani. He gave us that statement again himself tonight,
I was struck by the fact that he was not the only one page. Fifty
of the book. You say that John banner of all people look there,
my cranberry vodka and whispered dark liquor, red wine from now on, then he tongue
the end of my hair saying and lose the
many tail. You described the president, and this is not groping. This is not physical back.
Describe them as telling you to add blonde
it's to your hair, which you then went home and did and came back to the white house the next day. That doesn't happen in normal places. I'm just telling you now sorry, l, I learned a lot on the outside. Yes, there's a whole world out there when guys get fired for doing stuff like that. Well
there there there is an entire economy. If people have made a living offer of telling they tell all after africa
The trump administration which is again in the media is
and this getting dot damage prompt, not really talk baked into the cake, but it is, it is pretty amazing it and it is pretty and
stuff job. There is, alas, she also claims that the trouble ok with my parents being hang, which can people voted
to fight the idea that from basically did nothing in the white house, so she's adding anything here by them. She claims that dumb
from actually was cheering on the hanging, which is certainly more than anything else is gone. I hear
say. Hang repeatedly. Hang hang what's that about
more kansas phone back to me the queue for me to return to my desk back in my office.
my phone notifies me have a trump tweet mike pence. Didn't have the courage to do what should have been done to country in our constitution,
giving states a chance to certify corrected set of facts. Not the fraudulent or
current ones which they were asked to previously certify usa demands the truth. Hutchinson continues, I'm struggling depend
That's what's happening as mark patsy bologna, pet phil, been an error. Cushman stumble back to the office. I over here they're conversation and suddenly everything makes sense. They are calling for the vice president to be hanged. The president is ok with it. He doesn't want to do anything. He doesn't think they're doing anything wrong. He thinks mike is a traitor. This
crazy. We need to be doing something more unjustly. All of this is crocodile tears a little bit later from Cassidy Hutchinson and come on I'll time for
some quick things. I like him in some things that I hate so things
and I like the result. There is a republican debate tonight now
from is leading the field by leaps and bounds. So the question is going to be exactly what is the purpose of this debate so the the
number of candidates on the stage is now down to seven it.
As they should be lower than that that the number of true candidates, even for the number two slot right now, is effectively dissenters. Paley, scott rama, salami pants and christie register its effectively sex
It's it's a brougham is gonna, be there listen. I enjoy doug burgum as much of the next as much a political junkie. By
Why is heating up time? Nobody really knows
in this debate? We will see what the ratings are like for it right now. The poles are showing from
far away in the lead in every major state, Nicky Healy,
slipped into a second place position in new hampshire. When it comes to.
What does answers is far and away?
in the in the second position over the rest of the field.
No real the appalling data coming out from south carolina as of yet trumpets ahead. There Nicky Healy is in second there but by minors, trumpets lapping the field.
Where the hell ads or whatever we need to do, and I will mean the field haskins
Somehow the same, be a somebody's gotta get knocked out. So you
presume that there can be a lot of fire. There wasn't any fire trained on disturbances in the last debate, but I think either
that it sends blood in the water. The presumably gonna go after his ancestors answers, meanwhile, is going to need to presently fend off.
those attacks. It make the case as too
He is, can be best candidate to beat Joe Biden get that
more that trump continues to Sweden, the race, the less these debates seem to matter to be perfectly frank with you
said, will be thousand embassy the internal politics here, because, basically right now,
seems like everybody sort of running for second, in waiting for trying to follow, it seems like
and people are waiting for the indictment to come through or for trump to actually get arrested. Again I mean like fully or convicted, or whatever it's going to be, and maybe that
him down and somebody's picks up the slack here
fascinating see the lobsters from the crab
is anybody tries to pull each other back down I into
the biotechnology most of the income is coming for. Dissent is today
Well, we'll see have echoes tonight. Ok, we'll we'll cover it obviously, tomorrow time for equipped thing that I hate
So not very farm is a place for children when, whenever people
on the elderly, be to keep us most of my time, left to their not coming for the kids and to train them in their morality. I wonder why, then, is this becoming to come and say? Why is the source of happening at your places with kids
So here is a bit of an act from not very farm. It's not scary farm, because we are now about to enter october and
had a a satanic show involving apparently a sam Psmith,
knock off in bondage gear males
having the asses of other men as as male and female gyrate around to the background,
satanic imagery, so did
this is for kids, good good stuff
not very violent, so.
the rusting bondage gear.
women who are working in beginnings,
and satanic gear.
As far as water splashes upon them made perfectly appropriate for children so glad that dumb so glad that we can create this kind of future for our kids here in united,
It's already. The guys rest of the show continues right now: you're, not gonna, wanna, miss it we'll be getting into the latest government shutdown news. If you're, not a member, become a member use, coach bureau check out,
image rental annual plans quit that linking the description and join us,
and
Transcript generated on 2023-09-28.