00:00:22.000And if we don't, well, President AOC is not a distant possibility.
00:00:27.000So Speaker Mike Johnson, yesterday he was talking about the war in Iran.
00:00:32.000And he says that we need to wrap up the war in Iran.
00:00:34.000By the way, I agree that we need to wrap up the war in Iran.
00:00:36.000We need to wrap it up in a good way by defeating and destroying the Iranian capacity over the Strait of Hormuz and ending their nuclear program.
00:01:44.000But it is a very important, very important objective that I believe we've achieved to ensure that the largest sponsor of terrorism does not have a nuclear weapon.
00:01:54.000That would be a disaster for everybody, and everybody around the world understands that.
00:02:18.000It really started with Liberation Day and the tariffs.
00:02:21.000Since literally that day, Republicans have been trailing in the real clear politics, generic congressional average, every day since Liberation Day, every single day.
00:02:30.000And the margin of Republican defeat here, of potential Republican defeat, has been essentially the same since January.
00:02:37.000So nothing has actually changed due to the Iran war.
00:02:40.000And now, would changing the affordability concerns change that math somewhat?
00:03:14.000It's actually the most true every time you have, say, an app update and it's got 47 pages of legal language and you scroll right to the bottom and just hit agree.
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00:04:21.000I've yet to meet anyone on planet Earth who believes that things don't cost too much money and they're making enough money.
00:04:27.000That's true for pretty much everybody.
00:04:28.000Obviously, it's more true objectively for some than for others.
00:04:31.000However, When it comes to affordability, the problem for Republicans, and this is what I see for Republicans going forward, is they keep trying to outbid Democrats on government interventionism in the economy.
00:04:41.000The DSA will say affordability and then propose nationalization.
00:04:45.000And the right will say, no, no, no, our response is just partial nationalization.
00:05:05.000Americans feel genuinely uncertain about the economy.
00:05:08.000And a large chunk of that is about AI.
00:05:11.000That uncertainty tends to lead to a form of economic revanchism, kind of a general societal call to halt economic progress and innovation, and instead aim to kind of stop things dead where they are and then redistribute.
00:05:22.000So, if the GOP, if Republicans, if free market conservatives wish to overcome that uncertainty, we have to argue, number one, that of course all economics is uncertain, but AI is a transitional moment.
00:05:34.000It will radically drive down costs on the other end.
00:05:37.000That you will, in fact, either retain your job or your job will become easier or you will get a new job pretty quickly.
00:05:43.000Americans are worried about this across the board, by the way.
00:05:45.000The polls show that 47% of Republicans are concerned about someone in their household losing a job to AI.
00:05:52.00070% of Americans believe AI is going to decrease job opportunities overall.
00:05:58.000And then when you tie that to the apocalyptic rhetoric of AI founders and creators who are simultaneously saying that AI is going to destroy the world and also we need to pour more money into AI, Americans feel under threat.
00:06:37.000If you're going to be like President Trump and cite the stock market, you have to explain to people why the stock market matters to them.
00:06:43.000What does Wall Street actually do for America?
00:06:45.000The answer, by the way, is that Wall Street invests in every single major business that makes your life better.
00:06:50.000Wall Street provides the pool of liquidity that probably keeps you employed and keeps your 401k moving up.
00:06:54.000Wall Street is the pool of capital that allows for growth and allows us to weed out the companies that are underperforming.
00:07:05.000Now, the supposed illegitimacy of malefactors of great wealth, which is what FDR called it, has been a populist hobby horse for generations.
00:07:12.000And while finance and tech continue to grow by leaps and bounds, It's likely to get worse unless people explain how econ works.
00:07:21.000A lot of Americans believe that the system is corrupt.
00:07:24.000They are put off by blatant corruption.
00:07:26.000And we actually have to make the case that corruption is bad on the right.
00:07:29.000Yes, all corruption, left and right, it's all bad.
00:07:31.000Because here's what the left does they say the corruption is happening because of capitalism.
00:07:36.000But capitalism is not in favor of corruption.
00:07:40.000Capitalism is about an equally applicable set of private property rules that anyone can play by.
00:07:47.000If you are getting a special benefit from the government, that is not capitalism, that is cronyism, that is corporatism, in some cases, economic fascism.
00:07:55.000If the government is taking stakes in various businesses, that is not capitalism.
00:08:00.000That is a form of government interventionism.
00:08:03.000Mercantilist trade policy, where you carve out your friends, or corporatist stakeholding in private companies, or your friends, or cronyistic corruption, where friends and family members get the nice sack of cash.
00:08:13.000That sort of stuff undermines free markets.
00:08:15.000And it leads the public to conflate those perversions of the free markets with the free markets themselves.
00:08:21.000This is what happened, by the way, in 2007, 2008.
00:09:09.000Everyone has some level of envy, you know, wanting what your neighbor has.
00:09:13.000And the rise of social media is creating an unending source of jealousy, right?
00:09:16.000Because you see somebody who has no job vacationing in the Maldives, and you're like, why can't I do that as well?
00:09:22.000But, you know, as your lifestyle gets better, you have less pure material envy.
00:09:26.000So, in that area, obviously, affordability matters.
00:09:30.000But here is the thing if Republicans wish to win long term, so we don't just bounce between parties, If Republicans wish to win long term, it's got to be more than inflation dropping or your lifestyle improving.
00:09:46.000It's got to be an actual understanding of how the economy works, an actual belief in honesty in the markets, an actual recognition that innovation is good.
00:09:56.000These are cases that Republicans need to take up again.
00:09:59.000What an amazing video you just watched.
00:10:02.000Well, you know, if you think so, head on over to dailywire.comslash subscribe to watch the full show ad free or check out this crazy story here.