Episode 1171 Scott Adams: Rappers Like Trump, Beware the Dad Jokers Answering Polls, The FBI and Hunter, More
Episode Stats
Length
1 hour and 11 minutes
Words per Minute
147.91064
Summary
Trump supporters are lying to pollsters because they think it's funny, and Democrats are laughing at them because they can't tell when Trump is joking or if he's serious. Also, the stock market hit a record high on election day, and Trump is going to win the election.
Transcript
00:00:03.260
All right, YouTubers, you missed the simultaneous sip because of technological problems.
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I think the biggest category of people who are lying to pollsters are not shy Trump supporters.
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Because for every person who is lying to a pollster because they don't want the pollster to know they're a Trump supporter,
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I feel like there might be four or five people who are lying to pollsters because they think it's hilarious.
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Well, as you know, a great deal of people on the left do not have a functioning sense of humor.
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And that's part of the reason that they're horrified by Trump is they literally can't tell when he's joking.
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I mean, actually, literally, they don't know when he's kidding.
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So they think he has all these dictator tendencies, etc.
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Because they can't tell when he's just joking and when he's serious.
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And I think that there probably are four or five to one Trump supporting people who just think it's freaking hilarious that the polls are wrong.
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Whoever is saying no sound, I should block you because I think you're a troll.
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That's the trolliest thing to say on these live streams.
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So I think that lack of sense of humor by the left gives them a blind spot.
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Meaning that if I said to Democrats, here's a mental experiment.
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There are 10 Democrats and 10 Trump supporters.
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You go to the 10 Democrats and you say the following.
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And it's like a practical joke that they lie to pollsters because they think it's funny.
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And the result will be Democrats screaming at the sky when Trump wins.
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And they think that that's worth lying to pollsters about.
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I believe they would say, well, that's not a thing.
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Don't you think the Democrats would say, Scott, Scott, Scott.
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Don't tell me that there's some massive collusion conspiracy in which there's a whole bunch of Republicans who just magically, they've all coordinated, Scott.
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Who's coordinating this, Scott, this conspiracy that you see of all these Republicans who are lying to pollsters?
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Don't you think a Democrat would just mock me for even suggesting that a massive amount, not a small amount, a very large number of Trump supporters are lying because they think it's funny?
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Now I walk over to the 10 Trump supporters and I say, hey, 10 Trump supporters, do you think that Republicans are lying to pollsters because they think it's funny?
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You know they would because they would recognize it to be true.
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They would instantly know, yeah, they're doing that.
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Maybe, maybe not those 10 people, but I'll bet they know people.
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So I think this lack of a sense of humor has created this immense blind spot for people on the left.
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They can't tell when Trump is kidding, but worse, they can't tell when the voters are being serious.
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So it's the perfect prank because the only people who would fall for the prank are the people who are the target.
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Let's fast forward to Trump winning the election.
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I will allow that should I be wrong, I will take it like a, I'll take it like a man.
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You know, if it turns out my prediction is wrong, well, then it's just wrong.
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But I expect it's right, as I always do, always more confident than I should be.
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Are there any Trump supporters who are going to say, well, that was impossible?
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There's not a single Trump supporter who's going to say, well, that was impossible.
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They all think it's possible because they all think that the polls are wrong.
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So poor Democrats are going to have a tough time if it goes that way.
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So the stock market pulled back quite a bit at the end of the week, especially.
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Did you predict that the stock market would have a big pullback the week or so before the election, election day?
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Now, I don't know if it happened because of the following reasons, which were the basis of my prediction.
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Here's why I believed the stocks would pull back.
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Number one, obviously, Pelosi was going to keep killing the stimulus bills with poison bills,
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so that the economy would be frightened by not getting these relief packages, essentially.
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And so since Pelosi had the power to stop that legislation, you knew that that was one reason that the stock market would get skittish, right?
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But here's the part that I submit to you was obvious and predictable if you understood how the world works.
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You know, if you had enough of a talent stack to understand everything from persuasion to politics to business,
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The stock market is tied to CEOs predicting how they will do next year.
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The main driver of the stock market, there are lots of externalities like interest rates and outside shocks.
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But primarily, despite all those outside things, primarily the stock market works on what the CEOs say will happen next year.
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When CEOs say, I think that our earnings next year will be up 10%, is that a fact?
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And it is subject to a wide variety of possible things a CEO could say.
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And indeed, they could have one opinion and yet express it an infinite number of ways,
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depending if they wanted you to feel a little bit optimistic or a little bit pessimistic.
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And let's say those CEOs were mostly anti-Trump.
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Let's say, and I'll just pick one as an example, and this is not an accusation.
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Suppose you were the CEO of a major tech company.
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And let's suppose that you did not like President Trump and did not want him to be re-elected.
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And suppose you looked at your earnings, and there were two ways that you could describe them.
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One was really optimistic, and let's say the data supported that.
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But the other was less optimistic, and let's say the data also supported that, which would not be unusual.
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It's how much optimism you're going to put on it, what kind of assumptions do you make, etc.
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So now you're a CEO of a major company, and you don't want Trump to get elected.
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And you say, we can't tell what's going to happen next year.
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We'd like it to go well, but so much uncertainty, we certainly can't tell.
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Now, when the market hears the CEO say that they have uncertainty, what do they do?
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Because you don't want to own stocks when there's great uncertainty.
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Certainty is the best thing you can have, as long as it's a positive certainty, of course.
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So, all of your CEOs who are reporting earnings in this week before the election,
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do you think that they chose to describe their earnings in the future,
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the ones that are subjective, that are an opinion,
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do you think that they maybe took a little off it?
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Because if you don't think they did that, you don't know anything about people.
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even if they didn't consciously say to themselves,
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I'm going to go out there and I'm going to try to move the stocks
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they knew which answer was the good one for their team, right?
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So, if you have enough CEOs who have this bias,
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which is, I don't want to make it look like it's too much good news.
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Now, normally your CEO would want to say good news,
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so the stock would go up and they'd look like a star.
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But keep in mind, they only have to keep this illusion of bad news
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They only have to maintain this for about a month
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and then say, well, I guess we got some new information
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and it looks like things are better than we thought.
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So, I predicted that the stock guidance would get a little bit negative
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and the stock would fall because of uncertainty.
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You should not take any financial advice from cartoonists.
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And I mean that as seriously as I can say anything.
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You should not make bets or financial decisions
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That said, this has all of the earmarks of an artificial pullback.
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you would want to look for artificial pullbacks
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this looks about as artificial as a pullback it could possibly look
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because it seems just related to the headlines,
00:12:03.160
Why is it that Trump never mentions nuclear power?
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Whenever Trump is talking about the Green New Deal
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and how Biden wants to replace fossil fuels and everything,
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But yet the administration is quite pro-nuclear.
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Now, I think it's probably completely political,
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but maybe you would lose voters if you say nuclear.
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So it could be that there's no good political way
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Not associated with, but let's say compared to.
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Would you believe, if I told you that, hypothetically,
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would you believe that Joe Biden ran a campaign ad
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you're kind of a Nazi by definition or association.
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even though it's the biggest story in the world.
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So the FBI has this information about Hunter Biden