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00:01:23.000As I suggested yesterday on the show, it is not about Kevin McCarthy being a bad Speaker of the House.
00:01:28.000The truth is, it wasn't even about Paul Ryan being a bad Speaker of the House.
00:01:31.000You can make a better case that it was Boehner being a bad Speaker of the House, but the reality is that in all of these situations, these folks have been ousted Largely because of divided government and then unrealistic expectations from other members of the political caucus who either have unrealistic expectations or who are fibbing to their own crowd.
00:01:48.000See, for politicians, the incentive structure is always to tell your own people the things they want to hear.
00:01:55.000And what your people want to hear is if they vote for you, they will get the sun, the moon, and the stars.
00:01:58.000If they vote for you, you will be able to give them everything they possibly have
00:02:25.000That's all we could get because that's the reality of life.
00:02:28.000But it does put you in the political danger of being outflanked by someone who's going to promise you everything in the world.
00:02:35.000And the way that you were able to keep members in line, to keep them from doing this sort of stuff originally was that the party structures were pretty significant, meaning that they could deny you money, that if you cross the party, the party could punish you in some way.
00:02:47.000Well, as the parties have become significantly less important in American political life, And by that, I mean the parties exert virtually no pull over their members anymore.
00:02:55.000That is certainly true in the Republican Party.
00:02:57.000It's less true in the Democratic Party, where AOC will follow Nancy Pelosi, not because she loves Nancy Pelosi, but because Nancy Pelosi has the power to punish her, or did until very recently.
00:03:06.000Well, in the Republican Party, there's no power to punish.
00:03:08.000In fact, it's precisely the other way around.
00:03:09.000In order for Speaker McCarthy to have become Speaker of the House, he had to make promises to a very small coterie of members of his own caucus, like the vast minority of his own caucus, that a single person could initiate A vote to take down the Speaker.
00:03:23.000He had to do that in order to get the Speakership position.
00:03:24.000Well, that put him in an inherently weak position.
00:03:41.000Let's say you get either one of those guys as Speaker of the House.
00:03:44.000If the same rules apply to them that apply to Kevin McCarthy, it will not matter if they are, quote unquote, better than Kevin McCarthy.
00:03:51.000Because in the end, let's say it comes down to another continuing resolution.
00:03:55.000And you are one of these members of Congress who is not beholden to your party, but who does make hay by fibbing to your constituents that the sun, the moon, and the stars are possible.
00:04:03.000Well, you can just do the same thing to Jim Jordan.
00:04:14.000So the only way this gets better, ironically, is for Matt Gaetz to have all of his power taken away by the new Republican majority speaker.
00:04:23.000The only way this gets better is Jim Jordan, in making the deal to become speaker, basically reneges on all the things that Kevin McCarthy promised, including the ability of people to challenge his speakership with one vote.
00:04:32.000Because otherwise, this is just going to keep happening.
00:04:36.000All it takes is like five, because the House majority for the Republicans is so damn slim.
00:04:40.000By the way, one of the reasons that it's so unbelievably slim as opposed to what it was supposed to be after the last election cycle, which was, you know, a 30-seat House majority for the Republicans.
00:04:49.000The reason for that is because Donald Trump backed a bunch of really bad candidates in purple districts and they lost.
00:05:02.000A lot of other places in the country, they lost very tight races.
00:05:06.000In large part because they were very, very Trumpy.
00:05:08.000And they offended a lot of those swing voters for the same reason that Republicans did not win Senate seats in, say, Arizona, or in Georgia, or in Pennsylvania.
00:05:16.000So, the problem is systemic, is the point that I'm making.
00:05:20.000And so to pretend that this is a principled act by Matt Gaetz and company to oust McCarthy, and that if we get someone better in there, that's going to fix all our problems.
00:06:24.000So I would hope that whether it's Jim Jordan or Steve Scalise, whoever becomes the next Speaker of the House, the dictate is, I need, I'm not going to even allow a motion to hit the floor unless a majority of the Republican caucus wants it.
00:06:39.000I'm not going to have a motion to get rid of me as Speaker unless there's a large contingent, even if it's not a majority, a significant minority, that doesn't want me to be here.
00:06:48.000I'm not going to do it for four votes.
00:06:50.000And that, by the way, should be the same thing offered by every Speaker of the House candidate.
00:06:54.000Now, the problem is you have a collective action problem there.
00:06:56.000So let's say Steve Scalise and Jordan decide that they are going to say, listen, neither of us is going to take the Speakership position unless we claw back some of the powers that McCarthy gave to Gaetz and Crewe.
00:07:05.000Well, all it's going to take at that point is for someone to swing in from the right and say, no, I'll give you whatever you want.
00:07:12.000And all it takes, again, is for Gates and crew to say, well, they are going to give us more power, so we'll go with them.
00:07:17.000The incentive systems here are completely misaligned.
00:07:21.000Even RNC chairwoman, Ronna McDaniel, who I think has done overall a pretty horrific job.
00:07:26.000And the reason I say that is because when you lose consistently election after election, 2018, 2020, 2021, 2022, I don't know how you maintain your job, but apparently this is the new way Republicans do things.
00:07:35.000The more you lose, the more we are loyal to you or something.
00:07:38.000In any case, here's Ronna Romney McDaniel talking about all of this.
00:07:42.000You blame Matt Gaetz and the rebels on the conservative side?
00:07:47.000Should they have not taken this step in their frustration?
00:07:51.000I'm going to be a happy warrior like Kevin McCarthy and I'm going to say, let's just get the business of the American people done.
00:08:36.000I think a lot of their foreign policy is bad.
00:08:38.000However, this notion that you can simply buck the entire system and that this somehow benefits the entire system, I have yet to see that bear real results.
00:08:52.000Victory is promised, so let's see some victories achieved.
00:08:56.000In a second, we'll get to the democratic part in all of this, plus the blowback first.
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00:10:03.000OK, so McCarthy pointed out yesterday as he was leaving that Democrats had pledged that they would basically bail him out with the with the Matt Gaetz crew if they brought this votion to replace the speaker.
00:10:46.000I made the same offer to Boehner, and same thing to Paul, because I believe in the institution.
00:10:53.000I think today, Was a political decision by the Democrats.
00:10:57.000I think the things they have done in the past hurt the institution.
00:11:03.000Okay, he happens to be right about this.
00:11:09.000Now, is it a smart idea to place your trust in Nancy Pelosi?
00:11:15.000Of course, it's a very stupid idea to place your trust in Nancy Pelosi.
00:11:18.000And today I'm seeing a lot of hue and cry from the right side of the aisle that supports McCarthy saying, well, why didn't Nancy, why didn't the Democrats step in?
00:11:25.000The Democrats could have saved McCarthy.
00:11:27.000Because this entire vote, for all the talk about rhinos, it was eight Republicans who voted along with all the Democrats to remove McCarthy.
00:11:34.000And yes, Nancy Pelosi could have carved off, you know, five votes, and she could have saved McCarthy, and then the institution would have continued to move on as normal.
00:11:42.000But why would you trust Democrats to do that?
00:11:44.000Like, what in your record makes you think that Nancy Pelosi was ever going to bail you out?
00:11:47.000Well, the predictable result of this is that, again, more norms are broken.
00:11:51.000So there are certain norms in the House of Representatives that have just gone by the wayside, as McCarthy mentioned right there.
00:11:55.000One of them is that you don't remove members of the other party from their committees just because you don't like them.
00:11:59.000You recall that they actually did this.
00:12:01.000The Democrats removed certain Republican members from their committees, even though they really did not have power to do so.
00:12:08.000And so Republicans have now threatened to do the same to Democrats.
00:12:13.000Like, Eric Swalwell should not be on the Indel Committee, for example.
00:12:16.000Ilhan Omar should not be on the Foreign Affairs Committee.
00:12:19.000Okay, but the rule was you didn't do that, and then Democrats broke that rule, and now Republicans are gonna break that rule in kind.
00:12:23.000Well, now, Republicans are taking their revenge on the Democrats by evicting them from their hideaway offices.
00:12:28.000According to CBS News, two longtime Democratic leaders, Representatives Nancy Pelosi and Steny Hoyer, have been evicted from their so-called hideaway offices in the Capitol in the aftermath of Kevin McCarthy's ouster at the House Speaker.
00:12:39.000Pelosi confirmed on Tuesday night that Representative Patrick McHenry, the new Speaker pro tem, has ordered she immediately vacate my office in the Capitol.
00:12:46.000This eviction is a sharp departure from tradition, said Pelosi.
00:12:48.000Oh my god, like, listening to Nancy Pelosi caterwaul about tradition is laughable.
00:12:53.000This lady who was kneeling in kente cloth In the halls of Congress.
00:12:57.000As Speaker, I gave former Speaker Hastert a significantly larger suite of offices for as long as he wished.
00:13:01.000Office space doesn't matter to me, but it seems to be important to them.
00:13:04.000Now that the new Republican leadership has settled this important matter, let's hope they get to work on what's truly important for the American people.
00:13:11.000Now again, the hideaway offices, they vary in size and location.
00:13:13.000Some are windowless rooms on the basement level.
00:13:15.000Others have high ceilings, chandeliers, big windows.
00:13:18.000The hideaway office of the late Senator Robert Burt was this really, really nice office.
00:13:23.000It's not clear why they were tossed, but the evictions were probably in revenge by the Republican caucus for the Democrats basically allowing Gaetz to hold up the entire process.
00:13:32.000Alexandra Ocasio-Cortez, for her part, she doesn't care about the institution of Congress.
00:13:37.000She tweeted out, Does anyone believe for one minute McCarthy would help
00:13:40.000elect a Dem speaker quote unquote for the institution?
00:14:18.000Democrats broke the tradition in terms of judicial nominees suggesting that they could ram people through with a 51-vote majority, Mitch McConnell, and put three of Donald Trump's nominees on the Supreme Court with just over 50 votes.
00:14:30.000Democrats decided to break all the rules with regard to committee assignments.
00:14:47.000First, Well, imagine for just one second that you are living your life, you're in a really nice kind of area of the world, and suddenly you are approached by an elderly gentleman who informs you that an object in his hand carries the power to destroy the entire world.
00:15:04.000And now it is your job to carry that ring all the way to a volcano and throw it in.
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00:16:11.000So did Ohio Representative Jim Jordan, chairman of the House Judiciary Committee.
00:16:14.000Here's Jim Jordan yesterday announcing.
00:16:17.000Let's suppose the conference does get together and makes that decision as you just described, and comes together, and hypothetically they say the person we need to lead us now is Jim Jordan.
00:16:36.000When you only control the House of Representatives in the legislative branch, and the Democrats have control of the White House and the Senate, Um, and you got a four vote majority in the house.
00:16:48.000You got to have everyone on board with this is the person we want to lead us.
00:16:51.000And so it's got to be a kind of a bottom up conference decides who that individual is going to be.
00:16:58.000So Scalise's job has been as the house majority leader, his decision, his job has been to sort of bring everybody together.
00:17:06.000And that's the case that he's making is that he's trying to quote unquote build consensus where others thought it impossible.
00:17:12.000He has good relationships across the conference.
00:17:13.000He wasn't particularly close with Kevin McCarthy.
00:17:16.000One problem is that he is being treated currently for blood cancer, so that is a serious concern.
00:17:21.000Jim Jordan is considered a real firebrand.
00:17:23.000He is very closely allied with Donald Trump, but unclear if the left wing of the party is going to support Jim Jordan.
00:17:29.000He ended up being close with McCarthy and was upset when he got tossed.
00:17:33.000Jordan has some early endorsements from Daryl Issa of California, Thomas Massey of Kentucky, Jim Banks of Indiana.
00:17:39.000All of which are good endorsements, obviously.
00:17:42.000And then there is a third member, Oklahoma Representative Kevin Hearn.
00:17:55.000Again, unclear how all of this is going to shake out at this point.
00:17:58.000None of this matters if they don't actually change the rules.
00:18:02.000There needs to be a change in the rules in terms of who can actually just get rid of somebody.
00:18:06.000The motion to vacate the chair, as the Wall Street Journal points out, used against McCarthy is going to hang over the head of the next speaker.
00:18:11.000McCarthy-allied representative Don Bacon of Nebraska said, whoever gets to 18, if they can get to a tune with these eight ungovernable people, they'll always hold this over their head.
00:18:18.000They'll demand what they just did to Kevin.
00:18:20.000I don't believe he can govern with these eight people.
00:18:23.000Others say that changing the rule will be a condition for their support.
00:18:26.000Representative Carlos Jimenez of Florida, he said the person who wants my vote for Speaker has to commit to reforming the motion to vacate because nobody can actually govern under these particular circumstances.
00:18:37.000Now, the truth is that McCarthy, again, represented kind of the center of the Republican Party, if you could say that there is one.
00:18:44.000He was very Trumpy, but at the same time, he was in favor of increased aid to Ukraine.
00:18:49.000But if the party didn't want the aid to Ukraine, who's going to carve it out of the CR?
00:18:52.000He's actually pretty representative of what the Republican caucus wanted.
00:18:56.000All these other people have pretty strong positions.
00:18:59.000Scalise has been working behind the scenes to replace McCarthy as Speaker, trying to shore up support, according to Fox News Digital.
00:19:06.000After House Majority Whip Tom Emmer suggested Scalise make a good speaker, Scalise told reporters that he didn't have anything to announce.
00:19:12.000So we'll see how all of this moves forward.
00:19:13.000Meanwhile, the knives are out for Gaetz.
00:19:16.000And, you know, on a pure karmic level, he deserves it.
00:19:20.000Because what he is doing here is absolute grandstanding, as I've mentioned over and over again.
00:19:40.000This is a guy that didn't have, that the media didn't give a time of day to after he was accused of sleeping with an underage girl.
00:19:46.000There's a reason why no one in the conference came and defended him because we had all seen the videos he was showing on the house floor that all of us had walked away of the girls that he had slept with.
00:19:57.000He'd brag about how he would A crush ED medicine and chase it with an energy drink so he could go all night.
00:20:05.000This is obviously before he got married.
00:20:07.000And so when that accusation came out, no one defended him and then no one on the media would give him a time of the day.
00:20:12.000All of a sudden he found fame because he opposed the Speaker of the House back in November and he's always stayed there.
00:20:19.000And he was never going to leave until he got this last moment of fame by going after a motion to vacate.
00:20:28.000It's important to know Congressman Gates has never been charged with any sex trafficking crime and he gave this
00:20:33.000statement to CNN in response I don't think Mark Wayne Mullen and I have said 20 words to
00:20:37.000each other on the house floor This is a lie from someone who doesn't know me and who's
00:20:41.000coping with the death of the political career of his friend Kevin
00:20:43.000thoughts and prayers So things are gonna get uglier and things are also gonna
00:20:48.000get stupider One of the big suggestions that came out once the speaker
00:20:51.000was vacated was that Donald Trump for the speaker of the house
00:20:55.000I'm, sorry. This is clown show stuff This is just clownish. It's clownish and ridiculous Donald
00:20:59.000Trump for speaker of the house Now technically you don't have to be a member of the house
00:21:02.000to be speaker of the house Donald Trump Are you kidding me?
00:21:18.000Have we had enough sufficient shows of sycophantic bootlicking from members of the Republican caucus yet that we have to actually talk about this kind of nonsense?
00:23:56.000Meanwhile, President Trump, on the presidential level, continues to be bogged down with this ridiculous fraud case in New York.
00:24:03.000Again, this fraud case is based on specious assertions that because Donald Trump inflated the value of his real estate assets in negotiations with banks, and then banks didn't actually rely on those inflated values in order to make loans, that somehow this amounts to fraud.
00:24:16.000Which is like every single person engaged in real estate in New York, if you want to go about it this way.
00:24:20.000Here is Donald Trump correctly saying they've weaponized justice, and also, You notice that we're talking about Donald Trump in the context of his own legal troubles and not in the... You know a name that hasn't been mentioned so far this entire show?
00:24:31.000Because when Republicans set themselves on fire and then jump through circus hoops, it turns out everyone talks about them and not Joe Biden, while Joe Biden is busy pummeling the American economy.
00:24:40.000Anyway, here is Donald Trump going off about the weaponization of justice, which of course, he's right.
00:27:39.000ZipRecruiter is indeed the smartest way to hire.
00:27:42.000Also, if you've been watching Convicting Murder, you've already seen many instances where making a murder skillfully curated information to align with their preferred narrative.
00:27:49.000Get ready to dive into their most egregious manipulation yet.
00:27:51.000Making a murder conveniently omitted a crucial detail that completely unravels their insane theory.
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00:28:00.000Episode 7, now available on DailyWirePlus.
00:28:09.000The police did not have Brendan Dassey on their radar at all.
00:28:12.000Kayla brings up that they should talk to her cousin Brendan.
00:28:17.000They initially went down to that high school because they were worried about him because his cousin made some comments about him losing weight.
00:28:22.000She mentioned things like staring off in his face and weight loss.
00:29:38.000They were going to start injecting a bunch of LGBTQ+.
00:29:41.000Well now, this Rasmussen Report's survey shows that 60% of Republicans have an unfavorable opinion of Disney, including 35% who say they have a very unfavorable opinion.
00:29:45.000because you're taking legacy properties and you're still making your money off your legacy properties
00:29:49.000while simultaneously promoting a woke left-wing agenda that targets children. That is what Disney
00:29:54.000has been doing. Well now this Rasmussen Reports survey shows that 60% of Republicans have an
00:29:59.000unfavorable opinion of Disney, including 35% who say they have a very unfavorable opinion.
00:30:05.000That survey was conducted in late September. Only 32% of Republicans have a favorable view.
00:30:10.000For Democrats, the results are precisely the opposite.
00:30:12.000Because, of course, for a lot of Democrats, they are perfectly happy with spoon-feeding a bunch of leftist tropes into children's programming.
00:30:21.000There's another study that came out just yesterday from GLAAD.
00:30:24.000GLAAD is the Gay and Lesbian Alliance Against Defamation.
00:30:27.000Pretty much all the big Hollywood studios pre-screen their films.
00:30:29.000I kid you not, this is a thing they actually do.
00:30:31.000They pre-screen their films and TV shows for GLAAD's board of censors.
00:30:35.000And GLAAD actually goes through and determines whether or not this is acceptable to GLAAD.
00:30:39.000Well now, GLAAD has put out a report rating major Hollywood studios on how much LGBTQ plus minus divided by sign content they are squeezing into their films and TV content.
00:31:07.00024 of them were LGBTQ plus minus divided by sign inclusive.
00:31:12.00041%, which is next to Warner Brothers Discovery, the highest rate They are one of only three studios that received a good rating from GLAAD.
00:31:23.000And again, all of this is designed for a purpose.
00:31:27.000And the purpose is, particularly when it comes to a kids' company like Disney, to target children.
00:31:30.000It's one thing for Netflix to do this sort of stuff.
00:31:32.000Netflix is largely designed not for children.
00:31:34.000But Walt Disney is designed explicitly for children.
00:31:37.000It has films like Lightyear, which bombed at the box office, largely due to the fact that one of the major storylines was about a lesbian couple.
00:31:46.000It's about the fact that Disney has decided that they wish to, in the words of one of their own animators...
00:31:52.000Sledgehammer you with the not-at-all-secret gay agenda.
00:31:55.000Okay, meanwhile, Joe Biden is doing a horrific job again.
00:31:57.000We have now been through most of today's show and not mentioned Joe Biden.
00:32:01.000How is that possible when the President of the United States is running this economy into a ditch?
00:32:06.000The answer is when Republicans, once again, kick themselves in the balls repeatedly.
00:32:10.000Everyone points and laughs at the guy kicking himself in the balls, even if the building behind that guy is completely on fire and children are running and screaming.
00:32:20.000In any case, Joe Biden continues to be terrible at his job.
00:32:23.000He was asked yesterday how to confront family members who are MAGA family members, and here was Joe Biden at his most convincing and charismatic.
00:32:31.000How would you advise those people who do share your concerns, but may be wary about talking to a MAGA parent, neighbor, coworker, how would you advise them to do that?
00:33:01.000And not get into arguments, but say, this is what you say this, but how about this?
00:33:06.000Force people to get in a two-way conversation.
00:33:10.000Wow, that is riveting stuff there from the dead president of the United States.
00:33:14.000When they used to say dead presidents, they meant, you know, the guys on dollar bills.
00:33:17.000Now we actually mean the president of the United States, who is a walking zombie at this point.
00:33:21.000Meanwhile, the economy headed for disaster.
00:33:24.000According to the Wall Street Journal, The U.S.
00:33:26.000has long been the lender of last resort to the world.
00:33:28.000During the emerging market panics of the 90s, the global financial crisis of 2007-2009, and the pandemic shutdown of 2020, it was Treasury's unmatched capacity to borrow that came to the rescue.
00:33:37.000Now, the Treasury itself is a source of risk.
00:33:39.000No, the United States isn't about to default or fail to sell enough bonds at its next auction, but the scale and upward trajectory of U.S.
00:33:44.000borrowing in the absence of any political corrective now threatens markets and the economy in ways they have not for at least a generation.
00:33:51.000That is the takeaway from a sudden sharp rise in treasury yields in recent weeks.
00:33:56.000The inflation picture has gotten marginally better.
00:33:57.000The Federal Reserve has signaled it's nearly done raising rates.
00:34:00.000Instead, most of that increase is due to the part of yield, called the term premium, which has nothing to do with inflation or short-term rates.
00:34:06.000Numerous factors affect that term premium.
00:34:08.000Rising governments' deficits are a prime suspect.
00:34:11.000Deficits have been wide for years now, so why should they matter right now?
00:34:14.000The better question is, what took so long?
00:34:16.000That larger deficits push up long-term rates had long been economic orthodoxy.
00:34:20.000But for the past 20 years, interest rate models that incorporated fiscal policy didn't work.
00:34:24.000Noted Ricardo Trezzi, former Fed economist.
00:35:05.000Well, the answer is because there are a bunch of answers.
00:35:07.000One reason is because if the Fed, to fight inflation, has to continue increasing rates, that means that the bond that you bought yesterday is no longer worth money.
00:35:35.000The answer is because people are worried that the next interest rate increase makes the last bond worthless.
00:35:41.000This is what happened to Silicon Valley Bank, right?
00:35:43.000They banked on a certain facial rate of interest on the bonds they bought, and then the Fed started issuing bonds at a much higher rate.
00:35:51.000And so, all the bonds that Silicon Valley Bank was banking on were now worthless.
00:35:54.000You couldn't sell them in the open market.
00:35:56.000Meanwhile, at the same exact time that the Federal Reserve is increasing those interest rates, they're trying to sell bonds into the market.
00:36:03.000I mean, they're trying to sell tons of bonds into the market, which also undercuts the price.
00:36:07.000Why are they selling bonds in the market?
00:36:12.000So, this is going to be a serious problem.
00:36:15.000The federal deficit was over 7% of GDP in fiscal 2023 after adjusting for accounting distortions related to student debt.
00:36:21.000That is larger than any deficit since 1930, outside of wars and recessions.
00:36:25.000This is occurring at a time of low unemployment and strong economic growth, suggesting that in normal times, when things are actually worse, deficits are going to be a lot higher.
00:36:34.000By the way, it is worth noting at this point that China and Japan are not buying our debt in the way that they were.
00:36:40.000According to Reuters, foreign holdings of U.S.
00:36:42.000Treasuries rose in July, rising for a second straight month despite an uncertain interest rate outlook muddied by a mixed set of economic figures.
00:36:49.000China's stash of Treasuries, however, dropped to $821.8 billion, the lowest since May of 2009.
00:36:56.000Analysts said that China has been under pressure to defend its weakening currency and the selling of U.S.
00:37:00.000debt may have been used for intervention purposes to prop it up.
00:37:02.000So they're putting more of our bonds, old bonds, on the market, which floods the market with American debt, which means it's harder to raise the debt, which means that we have to increase those interest rates that we are giving people in order to get them to buy the debt, which means we're going to have to pay off those new interest rates at a higher rate of interest.
00:37:18.000Meanwhile, Joe Biden keeps spending into this because he is a moron.
00:37:22.000Yesterday, President Biden announced student debt forgiveness for another tranche of Americans on Wednesday, months after the Supreme Court blocked the administration's most ambitious borrower relief plans.
00:37:32.000It's already been declared he can't unilaterally simply get rid of student loan debt.
00:37:35.000He's doing it anyway, because this is what he does.
00:37:38.000The string of politically advantageous announcements comes thanks to the administration's use of existing programs that allow the government to waive debt for certain borrowers.
00:37:45.000The moves are separate from the administration's troubled attempt to cancel as much as $20,000 in student debt for any borrower earning less than $125,000 a year struck down by the Supreme Court.
00:37:53.000Wednesday's announcement of $9 billion in student debt cancellation for 125,000 borrowers, the latest in a string of sizable discharges, helps just a small slice of the more than 40 million people who own debt.
00:38:03.000But again, this is part of the inflationary policy of this administration, is to basically blow money into the system by relieving debt.
00:38:11.000The administration is touting those cancellations.
00:38:13.000On the same week, most borrowers returned to making payments for the first time since they were paused in March 2020 as part of the COVID-19 pandemic relief.
00:38:21.000The piecemeal approach to debt cancellation adds up.
00:38:23.000The administration has now wiped out $127 billion in student debt, nearly one-third of the projected cost of the failed mass cancellation plan.
00:38:31.000So the Supreme Court says you can't do it.
00:38:32.000Joe Biden just finds another way to do it.
00:38:35.000Meanwhile, mortgage rates are hitting 7.5%.
00:38:38.000The real estate market is beginning to tank because, again, there's no one out there to buy up the real estate that's being put on the market.
00:39:29.000That's just what we need right now, in a time of rising cost, is we need all of the healthcare workers walking out.
00:39:34.000According to the Wall Street Journal, more than 75,000 nurses, pharmacists, and other employees of Kaiser Permanente walked off the job Wednesday in the largest U.S.
00:39:42.000The workers struck after contracts expired and their unions couldn't reach an agreement with Kaiser on how much a new deal would increase wages and staffing.
00:39:48.000Kaiser has brought on thousands of temp workers to fill some vacancies.
00:39:52.000They're starting to postpone appointments, I mean, what a disaster area.
00:39:57.000Secretary of Labor Julie Hsu has met with both sides to help resolve the strike and is seeking to move the talks forward to reach a resolution.
00:40:04.000The strike, which is scheduled to last as long as three days, adds hospitals, pharmacies, and clinics to workplaces ruled by labor action this year.
00:41:46.000It is sticking up all of the wheels of the economy.
00:41:49.000And Joe Biden is responsible for every single part of that.
00:41:51.000And meanwhile, Joe Biden is in such serious political trouble that he's starting to just implement Donald Trump's plans right now.
00:41:56.000According to the Associated Press, the Biden administration announced it waived 26 federal laws in South Texas to allow border wall construction on Wednesday, marking the administration's first use of a sweeping executive power employed often during the Trump presidency.
00:42:07.000Wait, are you saying now there's a crisis on the border?
00:42:09.000Are you saying that people are just rushing the border?
00:42:11.000Are you now saying that maybe it's a good idea to build the wall, Joe Biden?
00:42:20.000The Department of Homeland Security posted the announcement on the U.S.
00:42:23.000Federal Registry with few details outlining the construction in Starr County, Texas, which is a busy border patrol sector seeing high illegal entry.
00:42:30.000According to government data, about 245,000 illegal entries have been recorded so far this fiscal year in just the Rio Grande Valley sector, which contains 21 counties.
00:42:40.000Alejandro Mayorkas, who should absolutely be impeached, he's not doing his job, he said there is presently an acute and immediate need to construct physical barriers and roads in the vicinity of the border of the United States in order to prevent unlawful entries into the United States in the project areas.
00:42:52.000I love how far they are going to just not say the word wall.
00:43:06.000Star County's hilly ranchlands sitting between Zapata and McAllen, Texas is home to about 65,000 residents.
00:43:12.000Although no maps were provided in the announcement, CBP announced the project in June and began gathering public comments in August when it shared a map of the additional construction that can add up to 20 miles to the existing border barrier system in the area.
00:43:24.000So now, it is Joe Biden who is building the wall.
00:43:29.000During the Trump administration, about 450 miles of wall were built along the southwest border between 2017 and January of 2021.
00:43:36.000Texas Governor Greg Abbott has been doing it himself.
00:43:39.000The DHS's decision on Wednesday contrasts the Biden administration's posturing when a proclamation to end the construction on January 20, 2021.
00:43:46.000Quote, building a massive wall that spans the entire southern border is not a serious policy solution.
00:43:52.000So, good to see that Joe Biden has been clocked in the face by reality.
00:43:56.000Okay, time for some things I like and then some things that I hate.
00:45:02.000Okay, time for some things that I hate.
00:45:09.000So, Pope Francis seems wildly unconcerned about human sin, but he's very concerned about climate change.
00:45:15.000Again, I'm not a Catholic, so I don't have a dog in this fight.
00:45:19.000Other than, as a member of Western civilization, I think that the Catholic Church moving away from its traditional roots in terms of morality is a massive mistake that is going to lead to extraordinary societal consequences.
00:45:31.000Pope Francis is putting outsized impact on what he terms social justice, which is to say redistributionist economics.
00:45:38.000And then he is adding on to that climate change, and these are like his top priorities.
00:45:41.000Meanwhile, he's talking about how maybe, maybe, maybe, priests should be able to give blessings to same-sex unions, which of course is weird since homosexual activity in the Bible is a sin.
00:45:52.000And the Catholic Church has always said that.
00:45:54.000By now, Pope Francis is focusing laser-like on climate change.
00:45:56.000Pope Francis on Wednesday, according to the New York Times, once again implored the world to protect the suffering planet, lamenting in a major new document that scant progress had been made in the eight years since he refocused the Roman Catholic Church more fully on environmental issues in a landmark treatise that catapulted him to the forefront of climate activism.
00:46:13.000In the near decade since global fanfare plaudits from leaders and talk of a game-changing shift for the church greeted France's first call to confront climate change, things have only gotten worse.
00:46:20.000Well, yeah, because as it turns out, you have a massive collective action problem when it comes to climate change.
00:46:27.000It is unclear what level of actual mitigation of the amount of carbon moving into the atmosphere would result in what amount of actual lowered climate over time.
00:46:44.000Shouldn't you really be worried a lot about, you know, saving souls and human sin?
00:46:47.000Shouldn't that be like the biggest thing that you're focused on?
00:46:50.000While Francis' message remained the same, his voice has faded, Wednesday's document, an apostolic exhortation called Laudate Deum, or Praise God, amounted to a tacit acknowledgement that Francis' initial appeal to save the planet has gone largely unheeded.
00:47:03.000He says, once and for all, let us put an end to the irresponsible derision that would present this issue as something purely ecological, green, romantic, frequently subject to ridicule by economic interests.
00:47:12.000Well, I mean, it is green and romantic if you don't actually have a plan to effectuate the thing.
00:47:16.000Or if the plan to effectuate the thing means people in developing countries have to live in abject poverty.
00:47:21.000Or if your idea is let's just wreck the Western economy.