Inflation pops to a 40 year high, as Joe Biden threatens further spending, the left keeps attacking the Freedom Convoy, and Russia continues Ukrainian invasion preparations. Today's show is sponsored by ExpressVPN. To learn more about ExpressVPN, visit expressvpn.me/thecryptidcast and use the promo code: "ELISSA" to receive 20% off your first month with discount code: CRUCIAL20 at checkout. Ben Shapiro is the host of The Ben Shapiro Show on Fox News Radio and host of the Financial Times' "The Weekly Standard" podcast. He's also a regular contributor to CNN and the Wall Street Journal. His new book, "The Shock Doctrine" is out now, and it's available for pre-order on Amazon Prime and Vimeo worldwide. If you don't already own an Amazon Prime membership, you can get 10% off for as little as $99.99 when you become a Prime Member. You'll get access to all of the latest and greatest streaming services, including Prime Video, Vimeo, and other major podcasting and social media platforms, including the New York Times, NPR, CBS Radio, NPR and NPR, and hundreds of other major news outlets. Learn more about your ad choices. The average Prime membership rate is $19.95, and there are no limits for Prime memberships, though you can upgrade for a limited time only. They can choose to upgrade their membership for $179.99 a month. and get an ad-free version of the show for $99 a year. including unlimited access to the show, including a complimentary Vimeo membership trial, and a 3-monthly membership plan, which includes ad-only version of The FiveThirtyEight. All other packages, including Vimeo and the Vimeo Proscription service, for which you get a 30-day free trial, for a maximum of $99, plus a limited number of VIP membership plan and 7GB of Vimeo Prime membership and 7 GB of Audible membership. Accessible for $150.99. Vimeo is a la-verge. Subscribe to Vimeo. Free trial! Subscribe and review Vimeo Free trial offer! Subscribe at Vimeo Learn more at vimeo.com/TheBen Shapiro Show Learn More about Ben Shapiro's new book: Ben Shapiro: The President of the United States? Watch this episode on Vimeo
00:00:00.000Inflation pops to a 40-year high as Joe Biden threatens further spending, the left keeps attacking the Freedom Convoy, and Russia continues Ukrainian invasion preparations.
00:00:32.000Well, that's because ISPs are monetizing you in another way, and you didn't give them permission to do that.
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00:01:22.000While all the news for Joe Biden at this moment continues to not be very good, despite a very good employment report that came out just last week, inflation is threatening to rear its ugly head.
00:01:29.000And when I say threatening, I mean it's here.
00:01:32.000That's EXPR, ESSVPN.com slash Ben to learn more.
00:01:36.000While all the news for Joe Biden at this moment continues to not be very good, despite a very good employment report that came out just last week, inflation is threatening to rear its ugly head.
00:01:46.000And when I say threatening, I mean it's here.
00:01:47.000The stock futures are already pointing to more losses amid surging inflation.
00:01:51.000According to the Wall Street Journal, US stock futures fell and bond yields largely rose, suggesting volatility driven by higher than expected inflation data would extend into a second day.
00:01:59.000Futures tied to the S&P 500 declined 0.6% on Friday, suggesting the broad index is set to fall further after it closed down 1.8% on Thursday.
00:02:08.000In pre-market trading, Zillow rose 13% because it reported a jump on revenue for its core unit.
00:02:13.000However, some major tech stocks edged down pre-market, including Netflix, which lost 1.3% and Nvidia down 1%.
00:02:20.000Stocks have been very choppy this week.
00:02:22.000The reason that stocks have been choppy, of course, is because these inflation statistics underscore the challenges the United States economy is about to face, because either the Federal Reserve is going to have to pretty dramatically raise interest rates or this inflation is going to continue.
00:02:34.000And if they dramatically raise inflation rates, you're going to get less investment.
00:02:37.000And if you get less investment, you're going to get Less return on investment.
00:03:30.00015% say the President has helped with the economy.
00:03:32.000Only 6% say that he's helped with COVID.
00:03:35.000Okay, these are bad numbers for the President of the United States.
00:03:38.000And they should be bad numbers for the President of the United States because, frankly, he's a very bad President.
00:03:43.000The only time that the country seems to succeed is when he fails.
00:03:46.000And when he succeeds in doing what he wants, say pulling out from Afghanistan, a giant failure ensues.
00:03:51.000When he succeeds in blowing out the spending, as he did with the American Rescue Plan, you instead get inflation.
00:03:56.000When he fails, like with Build Back Better, then you get more employment.
00:03:59.000When he fails, say with regard to his lockdown measures with regard to COVID, and his panic-stricken nonsense with regard to COVID masking and mask testing and all the rest of it, when he fails, then America tends to succeed.
00:04:12.000According to the Wall Street Journal, a relentless surge in U.S.
00:04:14.000inflation reached another four-decade high last month, accelerating to a 7.5 percent annual rate as strong consumer demand collided with pandemic-related supply disruptions.
00:04:23.000The Labor Department on Thursday said the Consumer Price Index, which measures what consumers pay for goods and services in January, reached its highest level since February 1982 when compared with the same month a year ago.
00:04:35.000That put inflation above December's 7% annual rate, well above the 1.8% annual rate for inflation in 2019 ahead of the pandemic.
00:04:43.000The so-called Core Price Index, which excludes food and energy, still climbed 6% in January from a year earlier.
00:04:48.000That was a sharper rise than December's 5.5% increase.
00:04:51.000It was the highest rate in nearly 40 years.
00:04:54.000And that means prices were up for pretty much everything.
00:04:58.000Massive uptick in housing rental prices, which is contributing to a sort of inflationary spiral when it comes to real estate prices.
00:05:06.000According to the Wall Street Journal, high inflation is the dark side of the unusually strong economy that has been powered in part by governmental stimulus to counter the pandemic's impact.
00:05:14.000But the truth is that we didn't need any of that stuff.
00:05:16.000All you had to do was leave the economy alone in the first place, but then after you put it into an artificial coma and compensated people for that, at that point, you could have left things alone, but they can never just leave good enough alone.
00:05:26.000Instead, we need to build back better.
00:05:28.000Instead, it wasn't good enough to go back to the economy we had before this, you know, with actual rising wages for pretty much everybody and a 3.8% unemployment rate.
00:05:35.000No, we needed to make the economy different structurally, according to Joe Biden.
00:05:39.000For most Americans, that is not what he was hired to do.
00:05:44.000Financial Economist at Oxford Economics, said what started as pandemic-specific inflation has now broadened out across many, many categories, both on the goods side of the economy and on the services side.
00:05:54.000She said it reflects supply constraints both in goods markets and labor, but it is also a function of still strong demand, particularly from United States consumers.
00:06:02.000Over at FiveThirtyEight, David Inflation.
00:06:08.000This, of course, has led to a lot of finger-pointing as to who or what is to blame for the price increases we are seeing.
00:06:19.000Democrats have blamed supply chain deficiencies because of COVID.
00:06:22.000They've blamed large corporations and monopolies.
00:06:24.000Republicans, meanwhile, have claimed that President Biden's legislative agenda are to blame.
00:06:39.000One of the Democrats' most consistent talking points has been that the COVID-19-afflicted supply chain is to blame for our current levels of inflation.
00:06:46.000Biden has even gone so far as to say that supply chain issues have everything to do with it, while House Democrats work to craft legislation targeted at ameliorating supply chain issues.
00:06:54.000Many economists say the foundering supply chain has played a heavy hand in driving up prices.
00:06:58.000But at the same time, this democratic talking point has its limits.
00:07:02.000Because it is clear to many economists that American inflation is not just a supply chain issue.
00:07:06.000Our economic response, namely the trillions of dollars of COVID-19 stimulus paid out over the last 24 months, appears to be a meaningful differentiator.
00:07:14.000A good way to tease this out is to look at Europe, which has faced similar supply chain issues and even worse oil shock.
00:07:19.000And yet European countries have experienced lower inflation, perhaps due in part to the fact they didn't blow out their spending in the same way that the United States did.
00:07:27.000Jason Furman, Professor of Economics at Harvard, Chair of the Council of Economic Advisors under former President Barack Obama says, Global supply chain problems affect everybody, but the United States has had more inflation than other countries.
00:07:37.000If you look compared to Europe, in the US goods consumption is higher, services consumption is higher than it is in Europe.
00:07:43.000In other words, we spent too much money.
00:07:45.000And when you keep blowing out money for no apparent reason, you end up inflating the currency.
00:07:49.000In just one second, we'll get to all of the things that are costing you more thanks to the inflationary spiral created by Joe Biden and his garbage policy.
00:07:58.000First, You know, you've heard me talking about the Ring Video Doorbell a lot by now, but something that you might not know is that Ring makes an alarm.
00:08:28.000The other day, very, very early with my kids, and one of my kids wanted to go out to the yard, opened up the door and of course the alarm went off because we had the ring alarm there.
00:08:35.000Well, you know, I shut it off and then immediately a voice came through the system asking if everything was all right.
00:09:17.000The Wall Street Journal has a good rundown today on the run-up in prices.
00:09:22.000They say inflation is broadening out, affecting goods and services that had until now been relatively spared by rising prices.
00:09:29.000Higher prices will likely push down consumer confidence, although according to Gus Foucher, chief economist at PNC Financial Services Group, he said he doesn't expect it'll have much of an effect on consumer spending, which rose in inflation adjusted 7.9% in 2021 from the previous year.
00:09:45.000Groceries rose a seasonally adjusted 1% in January from December.
00:09:48.000That is well above the overall inflation.
00:09:50.000Cereal and bakery products were up 1.8%.
00:09:53.000Meats, poultry, fish and eggs rose 0.3%.
00:09:55.000Meat prices stand 12.2% above where they were one year ago.
00:10:01.000Electricity has jumped over 4% from where it was a year ago.
00:10:06.000In terms of housing, massive increase in housing prices.
00:11:13.000Sure, it's at a 40-year high, but there's nothing to worry about.
00:11:15.000I mean, for goodness sake, if it's all about supply chain issues, we have the greatest supply chain guy on the planet, Pete Buttigieg, in charge.
00:11:22.000As the Secretary of Transportation, that guy will get those supply chain issues ironed right out as soon as he's back from paternity leave and not spending his days on CNN yelling about the Florida bill that prevents indoctrination on sexual orientation to kindergartners.
00:11:35.000This is literally how Pete Buttigieg spends his days now.
00:11:37.000He goes on national TV and he talks about why you need to teach kindergartners about two moms and two dads in the same way that you would about a mom and a dad.
00:11:44.000Very important, according to the Secretary of Transportation, whose sole qualification for the job was not filling potholes in South Bend, Indiana, and also being gay.
00:11:51.000Those are his chief qualifications for being Secretary of Transportation, since, of course, airports and trains are very romantic places, as he knows from his relationship with his husband.
00:13:22.000We'll be in a recession very, very shortly.
00:13:23.000Here's the President of the United States.
00:13:26.000I'm going to work like the devil to bring gas prices down, which I'm working to make sure that we keep strengthening the supply chain to bring the cost of energy and everything else and the goods that come to America down by helping the ports 24-7, by changing a whole range of things.
00:13:44.000You know, what's happened with COVID, COVID has caused significant increase in prices in the supply chain.
00:13:51.000Because when a factory shuts down in another part of the world and you need that particular product, In order to finish and build whatever you're working on, the price goes up exponentially, like for cars.
00:14:02.000Weird, however, though Europe is not experiencing the same sort of inflation.
00:14:06.000Joe Manchin yesterday, he was asked again in the media, who are basically the propaganda wing for the White House.
00:14:11.000They keep asking Joe Manchin about Build Back Better as Bill Manchin is going to change his mind.
00:14:15.000And yesterday, he said, no, I'm not changing my mind, you idiots.
00:14:18.000He said, for months, I've been ringing the alarm bell about inflation.
00:14:21.000Once again, we are witnessing that the threat of inflation is real.
00:14:24.000There's not a corner of this nation where hardworking families are able to escape the noticeable impact of this inflation tax.
00:14:29.000Inflation taxes are draining the hard-earned wages of every American.
00:14:32.000And it's causing real and severe economic pain that can no longer be ignored.
00:14:36.000It's beyond time for the Federal Reserve to tackle this issue head-on, and Congress and the administration must proceed with caution before adding more fuel to an economy already on fire.
00:14:45.000As inflation and our $30 trillion in national debt continue a historic climb, only in Washington, D.C.
00:14:51.000do people seem to think spending trillions more of taxpayers' money will cure our problems, let alone inflation.
00:15:05.000Not for purposes of making the economy better, but for purposes of fairness.
00:15:09.000The single most telling comment in presidential political history may be Barack Obama, 2008, being asked directly whether raising the capital gains tax, if it actually lowered the revenue to the government by disincentivizing investment, would he still pursue the capital gains tax, even if it meant less revenue to the government?
00:15:24.000And he said, yes, for purposes of fairness.
00:15:36.000And so Joe Manchin is like, let's cut out this inflation, no more spending.
00:15:39.000But the Biden administration isn't going to do that.
00:15:42.000If they had their way, they would continue to blow out the spending.
00:15:44.000They're certainly going to increase the regulations.
00:15:45.000They would certainly allow the tax cuts to expire.
00:15:48.000Meanwhile, Joe Biden's top economic advisor, Jared Bernstein, he says, don't worry, the inflation is going to drop.
00:15:54.000I expect inflation to come down significantly in 2022.
00:15:59.000Now, more to the point, that's not just my expectation.
00:16:03.000That's the expectation of every forecast I've looked at, and it's very important.
00:16:07.000Basically, what the forecasts tell you is that the job market should stay tight and get even tighter, supporting wage growth while inflation decelerates, while it slows.
00:16:17.000So virtually every forecast has inflation growing about half as fast this year as it did last year.
00:16:26.000If the Federal Reserve decides to raise the interest rates, as they apparently are going to do, there's a very good possibility that we tip into a recession because of that.
00:16:35.000Or, even if we don't tip into a recession, it slows the economy just enough, and then you've got Joe Biden piling regulations on top of that.
00:16:41.000And then we've got interest debts that are going to come due on the national debt over time, and we're going to have to raise taxes in order to pay for it, that sort of stuff.
00:16:48.000Or cut back on many of the social welfare measures that we have.
00:16:52.000All of those factors together mean economic stagnation.
00:16:55.000Okay, Joe Biden, his own economic office last year put out stats on Build Back Better showing that over the course of the decade, we were going to be growing, the economy was going to be growing at less than 2% year on year, basically every year for the rest of the decade, which is a bad, bad number.
00:17:11.000And again, right now, we've got problems with the national debt that are going to start materializing pretty quickly.
00:17:16.000Remember, we blew out the national debt to the tune of $7 trillion over the course of the last two years alone.
00:17:21.000All right, coming up, we're going to talk about this New York Times article that runs down the actual problems with our national debt.
00:17:26.000These are likely to materialize in the mid to long term here.
00:17:29.000First, you know, we moved into a new house in the last couple of years, and one of the first things we did, we looked around, we said, we need to replace some of these window coverings, because how light enters your home is a big thing you never really think about.
00:17:50.000Make Blinds.com your first choice for high-quality window coverings that are perfect for any size, window, color, and look you have in mind.
00:17:55.000There's no guesswork, no hassle with multiple trips to a store, or trying to meet up with a contractor or interior designer to consult you, who's really just gonna try to upsell you.
00:18:03.000All the window treatments from Blinds.com come at an excellent price.
00:18:44.000According to the New York Times just a couple of weeks ago, the Fed has been keeping long-term interest rates low by buying government-backed debt and holding those securities on its balance sheet.
00:18:52.000Those purchases are set to wrap up in March.
00:18:55.000Last week, the Fed signaled a plan to significantly shrink its bond holdings.
00:18:58.000Esther George, president of the Federal Reserve Bank of Kansas City, suggested during a speech this week that the Fed's big bond holdings might be lowering longer-term interest rates by as much as 1.5 percent, nearly cutting the interest rate on 10-year government debt in half.
00:19:11.000While shrinking the balance sheet risks roiling markets, she warned if the Fed remained a big presence in the Treasury market, it could distort financial conditions and imperil the central bank's prized independence from elected government as those rates rise, right?
00:19:21.000As the Federal Reserve begins to get rid of all of the assets that it has been holding.
00:19:25.000Because, again, it wants to cut down on the amount of money in circulation.
00:19:30.000As those rates rise, so does the amount the United States owes to investors who buy its debt.
00:19:34.000The Congressional Budget Office estimates that if interest rates rise in line with their own forecast, net interest costs will reach 8.6% of total GDP in 2051.
00:19:48.000That's about $60 trillion in total interest payments over the next three decades.
00:19:54.000The CBO said, in its long-term budget outlook, a larger amount of debt makes the United States' fiscal position more vulnerable to an increase in interest rates.
00:20:01.000So basically, we've been playing this game over at the Federal Reserve, where the Federal Reserve buys bonds, long-term bonds, in order to inject money into the economy.
00:20:12.000And then, by doing so, by creating this inflationary spiral, when they decide to cut back on that, they are going to sell those bonds back out there.
00:20:20.000In order to sell those bonds back out there, they're going to have to raise the interest rates on that long-term debt.
00:20:26.000And when that happens, they got a problem because now the United States has to pay all of that back.
00:20:31.000Axios today is pointing out that the Biden administration now has to face down the possibility of a very real recession.
00:20:44.000The only real options are to be patient or to cause a recession.
00:20:48.000It's a pick-your-poison environment for the Biden administration and the Federal Reserve, who face public discontent over economic conditions.
00:20:54.000And the risk that discontent would only get worse if the alternative was a new recession.
00:20:58.000The inflationary pressures from strained supply chains and labor shortages look likely to persist all the way through 2022, maybe beyond.
00:21:04.000But the measures that would be needed to bring inflation down more rapidly would risk sending the economy into a tailspin.
00:21:10.000According to this columnist for Axios, in the decades after World War II, episodes of inflation have ended when the Fed took steps to tighten the money supply causing recessions.
00:21:18.000In other words, companies cannot hike prices and workers can't demand higher pay if the economy is contracting and more people are out of work.
00:21:24.000In the most extreme example, Fed Chair Paul Volcker engineered a steep downturn in the early 1980s that ended the double-digit inflation of that era, but at the cost of double-digit unemployment that pummeled President Reagan's popularity.
00:22:22.000As the tax is naturally increasing, you're not going to get Democrats, of course, to vote for renewal of the Trump tax cuts.
00:22:27.000As those taxes increase, we now have a series of disincentives for investment.
00:22:32.000People paying higher taxes on their income.
00:22:35.000Joe Biden pursuing higher regulations and unionization.
00:22:39.000The Washington Post has an entire piece today talking about how the White House is releasing detailed blueprints for how the federal government can work to increase union participation and strengthen workers' rights to organize in the absence of legislative action.
00:22:53.000So they want to artificially increase the price of labor and shortages in the labor market.
00:22:59.000At the same time, they want to let the Trump tax cuts expire.
00:23:01.000At the same time, they want to spend an enormous amount of money.
00:23:03.000At the same time, they want more regulations.
00:23:05.000And then also, they have a major inflationary spiral that's going to require the Federal Reserve to raise interest rates.
00:23:10.000This is what we call a recipe for stagnation.
00:23:21.000The Trump team inflated the economy in 2021, in 2020 rather, for at least some understandable purpose because we had artificially shut down the economy.
00:23:30.000And then Joe Biden came in and just did it way, way more.
00:23:33.000And now they're going to pay the price.
00:23:35.000But the mid-to-long-term threat here is not inflation.
00:23:38.000The mid-to-long-term threat here is going to be economic stagnation, over-regulation, taxation, interest payments on the national debt.
00:23:45.000All that stuff is now inevitable if Democrats get what they want.
00:23:49.000Alrighty, in just one second, we'll get into what the Federal Reserve is actually going to do to try to fix all this.
00:23:57.000First, you know, one of the things that everybody laments is that everything that tastes good is also highly caloric.
00:24:03.000Every time you have a salad, if you put salad dressing on that salad, suddenly the salad goes from being very healthy because it's tasteless to being very unhealthy because now it's very tasteful.
00:25:16.000According to CNN, red-hot inflation is raising pressure on the Federal Reserve to take drastic action to get control of prices.
00:25:22.000James Bullard, the president of the St.
00:25:23.000Louis Federal Reserve Bank, told Bloomberg News Thursday he has become dramatically more hawkish and now supports raising interest rates by a full percentage point by July 1.
00:25:33.000Given that there were only three Fed meetings before then, that implies the Fed would have to raise interest rates by half a percentage point in a single meeting instead of the more typical quarter percentage point moves.
00:25:42.000The Fed hasn't executed a half-point rate hike since 2000.
00:25:46.000Investors are now pricing in a 99% chance that the Fed raises interest rates by 50 basis points in March, according to the CME Group's FedWatch tool.
00:25:56.000In fact, markets are now pricing in a very tiny chance of a three quarters of a percentage point hike in March.
00:26:02.000Now, I highly doubt the Federal Reserve is going to shock the markets that way, but a 50 basis point rate hike means less investment.
00:26:10.000Which is why the Dow Jones fell 425 points, 1.2% last week, right?
00:26:17.000As we see people pricing in, the possibility of an actual recession, like, I honestly did not think it was possible for them to screw it up this badly.
00:26:24.000If you go back and you listen to my podcast right around the time of the inauguration, I said that Joe Biden was going to be blessed with a naturally recovering economy.
00:26:34.000And all he had to do is get out of the way.
00:26:36.000That Joe Biden had been blessed with Middle East peace.
00:26:37.000All he had to do is get out of the way.
00:26:39.000That things were pretty stable in Afghanistan.
00:26:40.000All he had to do is get out of the way.
00:26:42.000And he has managed to screw up everything.
00:26:45.000All the things he's managed to screw up.
00:26:46.000As Barack Obama once said of Joe Biden, never underestimate Joe Biden's ability to F things up.
00:26:50.000Because that dude is incredible at F-ing things up.
00:26:54.000Speaking of which, you know, when we talk about supply chain crises and the continuing supply chain crisis, you have to understand that the United States has taken a real outlier position throughout the last year on COVID pandemic restrictions, at least the federal government has.
00:27:08.000Most countries in Europe, for example, never really shut down their schools.
00:27:13.000Many of them never mask the kids at all.
00:27:15.000Many of them started going back to normal months ago.
00:27:18.000It's the Biden administration that continues to maintain that we need COVID restrictions and universal masking and masking of children and all the rest of this sort of stuff.
00:27:26.000And this has resulted in other countries imitating us or trying to get the lead on us, including Justin Trudeau, who is 100% not.
00:27:38.000Justin Trudeau, up in Canada, has been continuing to implement VAX mandates that affect these truckers.
00:27:43.000And so now we have a supply chain issue from the North.
00:27:47.000Because, of course, we have truckers who have been blockading certain bridges into the United States.
00:27:52.000The Ambassador Bridge, particularly connecting Windsor, Ontario to Detroit, disrupting the flow of auto parts and other products between the two countries.
00:27:59.000All of this could just be solved if Justin Trudeau cut it out.
00:28:02.000But he's not going to cut it out, and so this is going to continue.
00:28:05.000Which, of course, has necessitated the White House now whining about it.
00:28:08.000The Biden administration urged Prime Minister Justin Trudeau's government Thursday to use federal power to end the truck blockade by Canadians protesting the country's COVID-19 restrictions, according to the Associated Press.
00:28:17.000So just to get this straight, according to the Biden administration and Democrats generally, very good to block traffic, to protest supposedly racist policing, very bad to block traffic if you are a trucker whose job is dependent on actually being able to drive across that border.
00:28:31.000You know who wants that bridge open more than anybody else?
00:28:35.000They're the people who want the bridge.
00:28:37.000They want to be able to drive across that bridge.
00:28:39.000It is the United States and Canada who have determined that many of them cannot drive across that bridge.
00:28:44.000For the fourth straight day, scores of truckers taking part in what they dubbed the Freedom Convoy blocked the Ambassador Bridge connecting Windsor to Detroit, disrupting the flow of auto parts and other products between the two countries.
00:28:53.000The White House said Homeland Security Secretary Alejandro Mayorkas and Transportation Secretary Pete Buttigieg spoke with the Canadian counterparts and urged them to help resolve the stand-up.
00:29:01.000Well, now that Buttigieg has gotten involved, I think that we're done here.
00:29:03.000I mean, that guy is so competent at his job that he went missing for two complete months for paternity leave to heal his nothing.
00:29:11.000Federal Public Safety Minister, Marco Mendocino, said Royal Canadian Mounted Police reinforcements are being sent to Windsor, Ottawa, and Cootes, Alberta, where another border blockade is happening.
00:29:41.000Conservative Ontario Premier Doug Ford moved to cut off funding for the protest by successfully asking a court to freeze millions of dollars in donations to the convoy through crowdfunding site Give Send Go.
00:29:51.000Ford has called the protest an occupation.
00:29:53.000It's amazing how the left is perfectly willing to allow billions of dollars to flow to corrupt organizations like Black Lives Matter.
00:30:00.000Perfectly willing to allow the Vice President of the United States to fundraise for bailing people out of jail who are involved in riots.
00:30:06.000But when it comes to the Freedom Convoy, different story.
00:30:08.000So just to get this straight, according to the left, giving money to people who are protesting Vax mandates, very bad, verboten.
00:30:15.000Giving money to people who proclaim that the police are racist and that we should defund the police and a cadre of whom burn down cities, good.
00:30:26.000In the United States, authorities are bracing for the possibility of similar truck-borne protests inspired by the Canadians.
00:30:31.000Authorities in Paris and Belgium are banning road blockades to head off disruptions there as well.
00:30:36.000The Department of Homeland Security said in a bulletin to local and state law enforcement agencies it has received reports truckers are planning to potentially block roads in major metro cities in a protest against VAX mandates and other issues.
00:30:46.000The agency said the convoy could begin in Southern California as early as this weekend, possibly disrupting traffic around the Super Bowl and reach Washington in March in time for the State of the Union Address, according to a copy of Tuesday's bulletin obtained by the Associated Press.
00:30:58.000Now, what's amazing about this is all of this is just rooted in the stubbornness of our garbage public officials.
00:31:50.000So for example, Juliette Kayyem, a Harvard professor and CNN analyst, tweeted yesterday, Trust me, I will not run out of ways to make this hurt.
00:32:40.000Nope, they're just gonna panic and talk about how the truckers are evil right-wing white supremacists.
00:32:45.000The longer they stay, the more they do inspire others across the globe.
00:32:48.000We know that there have been similar demonstrations in New Zealand and across Europe, tapping into the anti-vaccine sentiment, pandemic fatigue, and also inciting this civil disobedience.
00:33:02.000Department of Homeland Security says trucker convoys like these could soon disrupt the Super Bowl in the United States and, of course, the State of the Union and other big events.
00:33:11.000Oh no, disrupting the State of the Union.
00:33:17.000By the way, the Homeland Security Chief Alejandro Mayorkas issued a National Terrorism Advisory just two days ago, saying that key factors contributing to the current heightened threat environment include, quote, the proliferation of false or misleading narratives, which so discord or undermine public trust in U.S.
00:33:31.000government institutions, particularly with regard to misleading narratives regarding COVID-19.
00:33:37.000So we have to crack down on quote-unquote misinformation so people don't get mad over the fact that we have done a horrifying job with regard to COVID-19 in terms of our public health establishment.
00:33:48.000You know, by the way, you know who's saying that we lost our actual trust in public health establishments?
00:33:53.000Michael Osterholm, who used to advise Joe Biden.
00:33:54.000Here was Michael Osterholm yesterday saying, oh yeah, the public health establishment completely blew it.
00:33:58.000We have two pandemics going on right now in this country.
00:34:01.000One's caused by COVID, and it surely is taking a heavy toll on us.
00:34:06.000The second one is a pandemic, a loss of trust in government, in public health, and in some cases, the media.
00:34:12.000And in all cases where we lose the trust of the people, to try to get them to comply with recommendations to help save their life and the life of their loved ones becomes very challenging when they don't believe you.
00:34:24.000Yes, well, I mean, maybe they don't believe you because you were lying to them nearly the entire time.
00:34:30.000So, for example, in New York, where they've already relieved the mask mandates.
00:34:34.000They're getting rid of the mask mandates, particularly for adults.
00:34:37.000According to the New York Times, hundreds of municipal workers marched across the Brooklyn Bridge this week, chanting in unison for New York City to end its vax mandate, carrying signs that said, fire Fauci and unvaccinated lives matter.
00:34:46.000Their pleas were then rejected by Mayor Eric Adams, who has reaffirmed the city's looming ultimatum.
00:34:51.000If city workers do not get vaccinated, they are the ones who will be fired.
00:34:54.000So just to be straight, the reason that they had these vax mandates in the first place supposedly was to prevent infection.
00:34:59.000Then it turned out that the vaccines don't actually prevent infection according to the CDC.
00:35:03.000And so they are going to continue to fire people for no good reason at all.
00:35:07.000The Adams administration is poised to dismiss up to 3,000 municipal workers on Friday for refusing to get vaccinated against COVID in what could be the nation's most drastic example of a workforce reduction tied to a VAX requirement.
00:35:27.000Well, no, actually, if you threaten people that you will fire them if they don't vaccinate and then they don't vaccinate, you're the one who's firing them.
00:35:32.000So we can pretend that you are not creating a new requirement for their employment.
00:35:39.000In just one second, we'll get to the simple fact that democratic policy is a failure and even Democrats are beginning to recognize it first.
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00:36:52.000All of this is hitting Democrats exactly where they live, which is in the polling data.
00:36:56.000The reason that Joe Biden is down in the 30s right now is because of this sort of stuff.
00:37:00.000And so Democrats in various areas are starting to slowly back away, but they can't back away too fast because if they do, people might notice they've been backing away.
00:37:09.000First, if you missed the world premiere of Shut In last night, you missed out.
00:37:13.000Not only did we get to share a film too gritty and thrilling for Hollywood, we were able to tease our next big film, Terror on the Prairie, a Western starring none other than our great Gina Carano.
00:37:23.000We are so pumped to be making good on our promise of bringing you real entertainment, the stuff that you guys want to watch.
00:37:28.000For those who tuned in, we seriously hope you enjoyed it as much as we did.
00:37:31.000And by the way, we had like 100,000 people simultaneously watching this thing.
00:37:35.000It is now streaming on our website, but you have to be a member.
00:37:37.000If you are not a member, If you want to join the party, head on over to dailywire.com slash subscribe.
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00:37:46.000You're listening to the largest, fastest growing conservative podcast and radio show in the nation.
00:37:50.000Alrighty, so meanwhile, Democrats are starting to try to shift quietly away from much of their own agenda because of course the consequences of their policies.
00:38:03.000I've never seen, we are living in a period of acceleration.
00:38:06.000If the universe used to turn like 78 RPM, we are now turning at, I don't know, 150 RPM, because the simple fact is that the results of democratic policy are materializing, boom, super quickly.
00:38:18.000So, for example, according to Axios, shoplifting has gotten so bad nationally that chains like Rite Aid are closing hard-hit stores, sending terrified employees home in Ubers, and locking up aisles of seemingly mundane items like deodorant and toothpaste.
00:38:29.000Retailers are already reeling from the pandemic, supply chain woes, and the labor shortage.
00:38:33.000Now they're combating systemic looting by organized crime gangs, which are growing more and more aggressive and violent.
00:38:39.000It's just out of control, said Lisa Lubruno, SVP of Operations and Innovation at the Retail Industry Leaders Association.
00:38:45.000A lot of the uptick is tied to the ease of reselling stolen goods online, plus the fact that consumers are buying more everyday goods online during COVID.
00:38:52.000We have seen a 300% increase in retail theft from our stores since the pandemic began, said CVS spokesman Michael DeAngelis.
00:38:58.000Well, something else happened during the pandemic, you may have noticed.
00:39:01.000The Black Lives Matter movement that decided that the cops were bad.
00:39:04.000And so now you're starting to see even Democrats in California trying a course correction, according to Politico.
00:39:11.000They say, perhaps fittingly, in a year when voters are in a throw-them-out kind of mood, it's a recall in San Francisco.
00:39:17.000For months, a national parental backlash to school closings has dominated headlines and driven speculation about a brewing electoral wave for Republicans.
00:39:24.000But what's happening in deep blue San Francisco complicates that picture.
00:39:27.000Here, a liberal school board is colliding with a group of angry, just-as-liberal parents who have mounted a recall campaign against them.
00:39:33.000The city's Democratic mayor and big media organs have endorsed the recall effort.
00:39:37.000So has State Senator Scott Weiner, who is eyeing Speaker Nancy Pelosi's congressional seat when she retires.
00:39:42.000What's happening in San Francisco is the clearest sign of how Democrats are recalibrating by backing away from the party's 2020 swing toward progressive activists' views on COVID-19, race, and crime.
00:39:53.000It's happening throughout the Golden State.
00:39:54.000Governor Gavin Newsom is lifting mask mandates.
00:39:56.000Representative Karen Bass, who's running for mayor of L.A., called this week for a surge of funding for L.A.' 's police.
00:40:17.000According to Politico, In San Francisco, it all started when they couldn't figure out why San Francisco's public schools remained closed, while other cities were sending kids back to in-person learning.
00:40:26.000So they dialed into the city's Board of Education meetings and, like a lot of other parents, were annoyed at what they saw.
00:40:32.000An inordinate amount of time and energy spent on a plan to rename 44 school buildings, including those honoring George Washington, Abraham Lincoln, and Dianne Feinstein.
00:40:40.000Eliminating the merit-based admissions process at Lowell High School and transforming the coveted academic destination to a lottery.
00:40:46.000A two-hour debate over whether Seth Branzell, a father who appears to be white and gay, brought enough diversity to be allowed to join a volunteer parental advisory committee.
00:40:56.000And they never reopened the San Francisco schools.
00:40:59.000So it turns out that, you know, they suck at this.
00:41:03.000And their sucking at this means they have to either recalibrate or lose.
00:41:08.000And none of this is being helped, of course, by the fact that the President of the United States is an absolute bag of hot air.
00:42:16.000If the Department of Defense continues to focus in on top priorities like diversity, equity, and inclusion, we will lose a major war in the very near future.
00:42:23.000We already lost the Afghanistan war because Joe Biden decided to lose it.
00:42:25.000But I'm talking about like just outright lose a war.
00:42:28.000Not because the military, not because the politicians lose it, but because the military loses it.
00:42:32.000Because we've decided to embed a bunch of leftist progressive activists at the top of the military.
00:42:36.000According to defense.gov is a story from the DoD news.
00:42:40.000Diversity, equity and inclusion are necessities in the U.S.
00:42:45.000This is Bishop Garrison, senior advisor to the Secretary of Defense for Human Capital and Diversity.
00:42:50.000By the way, why exactly do we have an office for human capital and diversity at the Defense Department?
00:42:56.000Sounds like a bad make work position at a local junior community college, but it's the Defense Department.
00:43:02.000Garrison spoke to the Center for a New American Security today about the progress being made by the department and what still needs to happen.
00:43:08.000Some 41% of the military identify as members of minority groups.
00:43:12.000That number will grow larger, said Garrison.
00:43:13.000The military must be able to attract, train, and retain them for the services to retain competitive edges, he said.
00:43:19.000Fewer Americans between the ages of 18 and 24 qualify for military service.
00:43:22.000So, he said, we have to find out ways of getting to a broader talent pool and broader interest groups in order to bring those highly qualified, talented individuals in.
00:43:31.000He noted the percentage of minorities drops as they rise up the ranks.
00:43:34.000Their numbers tend to begin to decline in terms of service.
00:43:56.000It's code for the basic idea that any statistical disparity is equivalent to discrimination.
00:44:02.000Now the military is based on a couple of basic principles.
00:44:04.000One, merit before diversity, and two, the only goal that matters is winning.
00:44:09.000Those are the basic principles of the United States military.
00:44:12.000Robert Putnam wrote many years ago in a book called Bowling Alone, that one of the best examples of cohesive groups in the United States was the army.
00:44:19.000The reason being, everybody was oriented toward a single goal, and all of your individual metrics of diversity were fine, but they were subservient to that individual goal.
00:44:28.000In that book, what Robert Putnam suggested is that diversity does not actually make groups stronger, per se.
00:44:33.000Groups are strong when they have a shared goal and a shared set of rules that they abide by.
00:44:38.000But that's not what the Army is attempting to do now.
00:44:40.000That's not what the DOD is attempting to do.
00:44:42.000According to Bishop Garrison, again, a make-work position over at the Defense Department, quote, I would hope that as many leaders and members of the total force as possible see diversity, equity, and inclusion efforts as a force multiplier.
00:44:52.000I swear, these people speak like they work for McKinsey.
00:44:55.000I'd just use the word synergy and be done with it.
00:44:58.000He wants them to see the program as a way to make the U.S.
00:45:00.000military more successful in achieving critical missions and in making forces more lethal.
00:45:04.000Yeah, but that's not what you're talking about.
00:45:06.000Diversity, equity, inclusion does not make forces more lethal.
00:45:09.000You know what makes forces more lethal?
00:45:37.000My estimate, based on the late troop movements into Belarus, is that Vladimir Putin decided that he wanted to get to the capital sooner rather than later, and that will be the first wave of attack into Ukraine should Vladimir Putin choose to invade.
00:45:51.000Meanwhile, the State Department under Joe Biden, Wendy Sherman, one of the top officials there, she says, you know, Vladimir Putin has to understand that if he attacks Ukraine, body bags will go back to Russia.
00:45:59.000I'm pretty sure that Putin knows that.
00:46:01.000He just doesn't think enough body bags will go back to Russia to dissuade him from doing this.
00:46:04.000Maybe one of the reasons is because every ad we bring out for the United States military is about why Hannah's two lesbian moms brought up a perfect soldier.
00:46:14.000Not only will there be dire consequences to the economy of Russia by what we will do, not just the United States, but this extraordinary alliance that exists with all of Europe and the United States and countries around the world.
00:46:28.000Not only will that create consequences, but Vladimir Putin should understand that body bags will come back to Moscow as well, that the citizens of Russia will suffer because their economy will be completely devastated.
00:46:41.000Okay, well, they don't seem all that scared of you, Wendy Sherman or Joe Biden, which is not a surprise.
00:46:46.000Why would they be scared of an incompetent president whose entire policy is a failure on nearly every front?
00:46:52.000Alrighty, we'll be back here later today with an additional hour of content.
00:46:54.000First, don't forget to end your week by tuning into Andrew Klavan's show.