A new study shows the Democratic Party is absolutely bleeding voters. Plus, Gavin Newsom is making his 2028 run, and for some reason, Cracker Barrel is changing its logo. All that and more on today's Daily Wire PLUS!
00:00:28.000Well, President Trump has basically broken the Democratic Party at this point.
00:00:32.000And that is not just a matter of opinion.
00:00:33.000That is a matter of actual voter registration fact.
00:00:36.000There's a fascinating new piece out from the New York Times by Shane Goldmacher and Jonah Smith, all about the Democratic Party facing what they're calling a voter registration crisis.
00:00:46.000Now, of course, the New York Times, a very left-wing publication, but when even the New York Times is noting that Democrats have a massive voter registration problem, that means it's a massive voter registration problem.
00:00:57.000According to these columnists, the Democratic Party is hemorrhaging voters long before they even go to the polls.
00:01:02.000Of the thirty states that track voter registration by political party, Democrats lost ground to Republicans in every single one between 2020 and 2024, often by a lot.
00:01:12.000That four year swing toward the Republicans adds up to four point five million voters.
00:01:16.000A deep political hole that could take years for Democrats to climb out of.
00:01:23.000Battleground states, blue states, red states, according to an analysis of voter registration data by the New York Times.
00:01:30.000Few measurements reflect the lustre of a party's brand, says the New York Times, better than voter registration, and right now the Democrats are losing it for the first time since 2018.
00:01:38.000More new voters nationwide chose to be Republicans than Democrats last year.
00:01:43.000Now, I know that the tendency on the part of the right for this sort of stuff is to be incredibly celebratory.
00:01:49.000It should be remembered that in 2018, Republicanans didn't do amazing in the 2018 midterms and then they lost the 2020 elections.
00:02:00.000So things can shift fast, but Democrats are in trouble.
00:02:03.000All told, Democrats lost about 2.1 million registered voters between 2020 and 2024 in those 30 states and Republicans gained 2.4 million.
00:02:11.000There are still more Democrats who are registered nationwide than Republicans because California allows people to register by party.
00:02:17.000Texas does not, but the trajectory is really, really bad.
00:02:20.000So for example, election day 2020, Democrats had an eleven percentage point edge over Republicans.
00:02:26.000And now that is a six point edge in 2024.
00:02:32.000science for decision desk headquarters says, I don't want to say the death cycle of the Democratic Party, but there seems to be no end to this.
00:02:39.000There's no cavalry coming across the hill.
00:02:41.000This is month after month, year after year.
00:02:44.000This is true in battleground states like Arizona, Nevada, North Carolina, and Pennsylvania.
00:02:49.000Top Democratic strategists say the party's nationwide registration decline is hidden in plain sight crisis that has to be reversed before 2028.
00:02:56.000In 2018, Democrats accounted for 34 percent of new voter registrations nationwide.
00:03:10.000here for the Democrats is that they banked on a multiracial coalition in opposition to basically white Americans.
00:03:16.000That was the way they did voter registration.
00:03:18.000If they were doing a voter registration drive, they would go into heavily minority areas, just sign up everybody and assume all of those people were going to be Democrats.
00:03:28.000That's according to the New York Times, for years, the left has relied on a sprawling network of nonprofits, which solicit donations from people whose identities they need not disclose to register black, Latino, and younger voters.
00:03:39.000Though the groups are technically nonpartisan, the underlying assumption has been that most new voters registering would vote Democratic.
00:03:45.000Trump has uended that calculation with the inroads he made among working class non-white voters.
00:03:51.000According to one expert, Maria Cardona, who is a long time member of the DNC, she says you can't just register a young Latino or young black voter and assume they're going to know it's Democrats that have the best policies.
00:04:04.000Well, again, they have a massive problem because that multiracial coalition is now growing on the Republican side of the aisle.
00:04:10.000This, by the way, is one of the reasons why the Republican Party should not move in the sort of identitarian direction that is being pushed by some on the right because it's it's very bizarre as the Republican Party turns less identitarian in terms of its voting base.
00:04:26.000There are people in the Republican Party who want to turn more identitarian in terms of the Republican ideology, which makes zero sense at all.
00:04:34.000Picking up Hispanic voters in Florida and Texas is a good thing.
00:04:37.000And driving those Hispanic voters away by sort of ethnic based appeals to white voters is really dumb.
00:04:46.000I don't think that's what President Trump is doing.
00:04:47.000I don't think that's what the Republican Party broadly is doing.
00:04:50.000But there are certain people in the Republican Party who are doing this routine, and it's really stupid.
00:04:54.000I mean, forget about being morally wrong.
00:04:56.000It is also incredibly politically dumb.
00:04:59.000Right now, according to the New York Times, the Democratic Party has diminished appeal to men and younger voters.
00:05:05.000In 2018, Democrats accounted for 66% of new voters under 45 who registered with one of the two major parties.
00:05:12.000By 2024, that number had dropped to 48 percent.
00:05:15.000So Republicans went from roughly one third of newly registered voters under 45 to a majority in the last six years.
00:05:22.000Male voters particularly are falling out of the Democratic orbit.
00:05:25.000Nearly 49 percent of men newly registered with a major party chose the Democrats in 2020.
00:05:29.000By 2024, that figure was down to 39 percent.
00:05:32.000And by the way, it's happening among women as well.
00:05:40.000Well, it seems that their plan is to be radical but ethnic.
00:05:44.000They're not going to moderate in any way.
00:05:45.000They're not going to move away from the sort of left-wing sociology professor politics that they've embraced for so long, but they're going to pretend that it's just a messaging problem, not an actual policy problem.
00:05:56.000They're going to slap some sort of ethnic face on the radicalism and hope that that works.
00:06:01.000This presumably is the logic of people like philanthropist Elizabeth Simons, who's the daughter of the late billionaire hedge fund investor Jamie Simons, who just donated 250 grands to the pro-Zorin Mom Dani superpack New Yorkers for lower costs.
00:06:17.000So you've got these sions of billionaires who are giving money to ethnically diverse wild leftists.
00:06:24.000Now again, these are people who grew up in wealth who are now trying to, I assume, alleviate their socialist guilt by giving money to, again, another scion of privilege and wealth, Zoran Mamdani who pretends that what he really is about is the little people.
00:06:40.000Mamdani, of course, has said there should not be billionaires, but he is happy to take money from them apparently.
00:06:45.000In just a moment, we will get to the Democratic Party.
00:06:47.000Have they shifted from a party of sort of broader ideas to an ethnic solidarity party?
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00:09:04.000Meanwhile, again, the goal for the Democratic Party is to continue to say radical things, but apparently they believe that ethnic identity and ethnic solidarity are more important than actual ideas.
00:09:14.000And so you have Mayor Karen Bass, who's out there calling the homeless in Los Angeles unhoused Angelinos.
00:09:20.000But of course, she's a member of an ethnic minority and therefore what?
00:09:24.000This sounds better coming from her than it would come from an upper class white liberal lady.
00:09:29.000It doesn't, by the way, to the residents of Los Angeles.
00:09:34.000The weather service has issued the extreme heat warning in the region beginning Thursday.
00:09:39.000through Saturday with temperatures expected to reach as high as 108 in the San Fernando Valley, these temperatures could be dangerous, especially for our most vulnerable residents, children, pets, people who work outside, unhoused Angelinos and those with certain health conditions.
00:09:58.000I mean, this is the kind of radicalism democrats have continued to embrace.
00:10:02.000Or what about democratic representative Delia Ramirez from Illinois?
00:10:06.000She actually makes the claim that deporting illegal immigrants is unconstitutional, which is insane, of course.
00:10:12.000What is happening right now under Department of Homeland Security is unconstitutional..
00:10:18.000It is actually unaccountable and it's against the law.
00:10:22.000Well, again, this kind of radicalism does not play.
00:10:25.000These are luxury beliefs as Rob Henderson has suggested.
00:10:28.000So what are the Democrats going to do?
00:10:30.000Well, if they're smart, what they're going to do is they're going to campaign among the base as radicals and then they're going to swivel toward the middle in terms of policy.
00:10:38.000And that seems to be the approach of Gavin Newsom.
00:10:40.000Gavin Newsom is an incredibly calculating politician.
00:10:44.000Again, I think that his affect is quite smarmy.
00:10:47.000I think that when it comes to the way that he presents it to the world, it is lizard person.
00:10:53.000However, what he's doing right now is is smart.
00:10:55.000He's trying to present as radical to his base while going to donors and saying, actually, I'm kind of a political moderate.
00:11:21.000According to Politico, with an inescapable smash mouth, all caps laden, meme filled X account, California governor Gavin Newsom is holding a mirror up to MAGA and MAGA doesn't like what it sees.
00:11:32.000There's Newsom getting prayed over by Tucker Carlson, Kid Rock, and an angelic winged Hulk Hogan.
00:11:36.000There's Newsom posting in all caps saying his mid cycle redistricting proposal has led many people to call him Gavin Christopher Columbus Newsom because of the maps.
00:11:44.000Thank you for your attention to this matter.
00:11:47.000So Steve Bannon, who of course is always quoted by the media, you can always count on Steve to find his way into a political article for someone who supposedly despises the legacy media.
00:11:56.000That dude gets quoted by the legacy media routinely.
00:12:00.000Quote, he's trying to mimic President Trump.
00:12:02.000He's no Trump, but if you look at the Democratic Party, he's at least getting up there and he's trying to imitate a Trumpian vision of fighting, right?
00:12:07.000He looks like the only person in the Democratic Party who is organizing a fight that they feel they can win.
00:12:13.000Michelle Obama famously advised Democrats to live by a dictum when they go low, we go high.
00:12:17.000Newsom has approached it a bit differently.
00:12:19.000When they go low, we go low and backed by lots of AI generated slop, end up high in the algorithm.
00:12:25.000So Gavin Newsom was asked about this, actually, and he explains why he shifted tactics from going high to going low.
00:12:33.000I think it connects here in LA and the fires.
00:12:37.000And how he was completely misrepresenting the facts, misinformation, disinformation.
00:13:40.000He's doing some really good mime hands there.
00:13:43.000He's trapped in the glass box but talking about politics.
00:13:46.000In any case, Gavin Newsom is again doing this performative nonsense for the Democratic base, hoping it's going to jazz up the Democratic base.
00:13:53.000And then watch, he's going to swivel in the actual election to a supposed moderation in policy.
00:13:58.000That's why with his other hand, he's been doing interviews with right-wing influencers in an attempt to pose as moderate.
00:14:16.000The rest of the American public does not.
00:14:18.000As I pointed out in the last election cycle over and over again, Donald Trump sees the middle ground on every single issue ranging from entitlements to foreign policy.
00:14:27.000He sees the middle ground on issues like social issues, like abortion and trans.
00:14:53.000Beyond Inc., which is the company that owns Bed Bath and Beyond, put out a statement from Marcus Lomanez, who's the executive chairman of Bed Bath and Beyond.
00:15:02.000So Bed Bath and Beyond used to be a giant chain.
00:15:36.000Higher taxes, higher fees, higher wages that many businesses simply cannot sustain, and endless regulations that strangle growth.
00:15:42.000Even when the state announced a budget surplus, it's built on the backs of ordinary citizens who are paying too much and businesses who are cramped until they break.
00:15:50.000At Bed Bath and Beyond, our responsibility is towards our customers and our shareholders.
00:15:54.000We will not participate in a system that undermines both.
00:15:56.000Instead, we are investing in a California strategy that works.
00:15:59.00024 to 48 hour delivery and in many cases, same day service.
00:16:02.000Californians will continue to get the products they leave, they love, through bedbathandbeyond dot com, but without the inflated costs created by an unsustainable business model.
00:16:10.000We're taking a stand because it's time for common sense.
00:16:12.000Businesses deserve the chance to succeed.
00:16:14.000That's why Bed Bath and Beyond will serve California customers directly through their website on our terms with their best interests at heart.
00:16:21.000Now, they are reopening stores in places like Nashville.
00:16:23.000So how does Nick Gavin Newsom respond to that?
00:16:25.000Because that's obviously a rip on his garbage business environment, which is a garbage business environment.
00:16:30.000We literally took our company, Daily Wire, from California to Nashville and Florida in order to have a better business environment.
00:16:38.000So I know exactly what Bed Bath and Beyond is talking about.
00:16:50.000And then his press office, which is where he does most of his trolling, put out a statement quote, after their bankruptcy and closure of every store, like most Americans, we thought Bed, Bath and Beyond no longer existed.
00:16:59.000We wish them well in their efforts to become relevant again as they tried to open a second store.
00:17:09.000You were one of the factors leading to them having to close stores.
00:17:13.000And now you're celebrating that they're not opening stores in California.
00:17:17.000So Marcus Lamanas then responded., quote, Dear Governor Gavin Newsom, I thought that your post would suggest we bring business leaders together to understand how to improve the four pillars, friction of business and find a way to make it better.
00:17:28.000One, streamlined regulation, consistent, simplified compliance rules across state and local levels, two, balanced labor environment that's good for employees and employers, three, litigation reform, reducing abusive lawsuits while maintaining protection for workers, four, competitive tax and cost structure incentives to come as opposed to disincentives to leave.
00:17:46.000Also, we bought the IP over two years ago and have built bedbath and beyond dot com into a billion dollar online business.
00:17:50.000We will target opening three hundred small to midsized neighborhood stores through our Kirkland's investment.
00:17:59.000Okay, but again, Gavin Newsom is not interested in doing business with Bed, Bath and Beyond.
00:18:05.000He's interested in the trollery that he thinks is going to lift him to the 2028 nomination.
00:18:12.000According to Amy Parnas, writing for the Hill, Newsom has taken a page from Trump's playbook mirroring everything from the president's rants to his social media habits.
00:18:20.000In recent days, the California governor has touted his own beautiful midterm redistricting proposal and his beautiful rally to boot, needling Trump's braggadocious ways.
00:18:28.000Newsom has started to write his social media posts in all caps, just like the president.
00:18:32.000And he's come up with his own Trumpy nickname for the president, Taco, short for Trump always chickens out, an acronym that originated on Wall Street in reaction to President Trump's moves on tariffs and is designed to annoy the White House.
00:18:44.000And meanwhile, Democrats are really, really happy about that because again, the idea it's funny whenever a party loses, the idea seems to be from the party that they don't have to shift positionally.
00:18:55.000It's all about the attitude that if you if you're just stronger and the resistance is stronger then you're going to if only you had more passion then you'd win.
00:19:02.000Well, if you are losing in secular fashion across the country, perhaps the reason for that is because your policies aren't popular across the country.
00:19:10.000But Democrats again, they are they're more interested in the excitement than they are in the actual political change.
00:19:14.000Maybe at the end of this after he wins.
00:19:17.000the nomination or something, Newsom shifts to the middle in an attempt to win a general, maybe.
00:19:21.000But right now, that's not what democrats are excited about.
00:19:23.000That's not going to get their voter registration numbers up.
00:19:26.000But again, I think they are waiting for some sort of white knight to save them here.
00:19:30.000Eric Swalwell, last seen with Chinese spy Fang Fang, he says that he loves it, he's super into it.
00:19:38.000I freaking love what governor Newsom is doing because that's what offense looks like and we don't see enough democrats frankly doing that.
00:19:47.000We have to be in more spaces, more places and always on to voters means always honest.
00:19:54.000And Donald Trump for all his warts and all his corruption and incompetence, he's always on.
00:20:01.000And so when he makes a mistake, he's on an hour later, two hours later, three hours later, and it diminishes how the public views him.
00:20:10.000If we were always on with our ideas and our values, it will project authenticity and who we really are.
00:20:18.000And so you're seeing governor Newsom, I think, most effectively do that.
00:20:22.000Again, the key word for them is they're trying to be authentic.
00:20:24.000Now the problem for them is that Newsom is very, very inauthentic just as a personality, very, very inauthentic person.
00:20:30.000And so I think that's going to bleed through eventually.
00:20:33.000But Democrats are going to continue to push the idea that radicalism equals authenticity.
00:20:37.000Molly Jongfast, I don't know why you would use her on MSNBC as sort of the political guru.
00:20:43.000But Molly Jongfast and both of her hair colors say that we need more Zoran Mamsani's and AOC's in the Democratic Party.
00:20:50.000Voters want really their elected to fight for that.
00:20:53.000Do Democrats feel betrayed by their elected?
00:20:56.000I think, well, I think that's what those polling numbers are saying.
00:20:58.000But that's to say, but you know, like people like Sharon Brown jumped into the race, raised $3.000 million in 24 hours.
00:21:17.000Chris Murphy, Sharer Brown, Mandami, these people, AOC, they're not all exactly the same politically, but they are the same in the fact that they're brave and they break through.
00:21:28.000Okay, so, you know, it's going to be fascinating to see if the Democratic Party can somehow recover from this death spiral that it is in.
00:21:34.000The first thing they need to do is abandon their racialist approach to American politics.
00:22:10.000And then he won and the Democratic Party has ever since been unable to shake the belief that demographically they were going to win if they just kept appealing to growing minorities in the United States.
00:22:20.000And then President Trump came along and it turns out that nothing of that held.
00:22:24.000Now we should have known that that wasn't going to hold forever because demographics are not in fact destiny in the United States.
00:22:30.000Huge blocks of ethnic voters have moved from one party to the other over time.
00:22:34.000Blacks used to be Republicans in the early 20th century, then they moved over to the Democratic Party during FDR tenure and then even further during the 1960s.
00:22:43.000You saw the same thing happen with Irish voters, German voters, Italian voters, Jewish voters, actually, you have seen massive shifts based on the politics of the various parties.
00:22:54.000Ethnic voters don't vote as blocks typically, they vote over time as individuals.
00:23:00.000The most important thing in this respect has been the shift in the Latino vote that happened over the course of the last couple of election cycles toward President Trump.
00:23:08.000Can democrats shake the idea that simply by making ethnic appeals they will win?
00:23:16.000The first thing they're going to have to shake if they want to do that is the kind of inside the Beltway luxury belief culture that they have cultivated.
00:23:23.000And that means, for example, that they should probably let go of the idea that fighting crime is somehow bad.
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00:25:44.000So yesterday there was a situation in which a bunch of members of the Trump administration headed on town to Shake Shack inside Union Station in order to presumably get lunch.
00:25:54.000Now, let's be clear what was going on here.
00:25:56.000The reason the vice president decides to go to Shake Shack is because they know the protesters are there.
00:26:00.000Okay, this is not like this idea that suddenly the vice president and the defense secretary and the White House deputy chief of staff all decide to go out for lunch at Shake Shack of all places in Union Station.
00:26:12.000They went there because they wanted to be heckled because they knew it would be a good photo.
00:26:15.000And you know, good for them because the more you can demonstrate that the left has these luxury beliefs where fighting crime is somehow bad that the more you can demonstrate they're out of touch with ordinary people according to the wall street journal as these three members of the trump administration met with national guard personnel they were at times drowned out by nearby protesters who shouted free dc miller said we're going to ignore these stupid white hippies we all need to go home and take a nap here was miller going off stephen miller is he does not pull punches
00:26:46.000that much can be said for stephen you're not going to let the communists destroy a great american city let alone the nation's capital and let's just also address one other another thing.
00:26:58.000All these demonstrators that you've seen out here in recent days, all these elderly white hippies, they're not part of this city and never have been.
00:27:06.000And by the way, most of the citizens living in Washington DC are black.
00:27:10.000This is not a city that has had any safety for its black citizens for generations.
00:27:18.000And President Trump is the one who is fixing that with the support of the Metropolitan Police Department, the support of the National Guard, and our federal law enforcement officers.
00:27:42.000Let's free Washington DC from one of the highest murder rates in the entire world.
00:27:47.000Let's free Washington DC so that young families can walk around and feel safe and secure.
00:27:52.000That's what we're trying to free DC from.
00:27:54.000And as Steven said, it's kind of bizarre that we have a bunch of old, primarily white people who are out there protesting the policies that keep people safe when they've never felt danger in their entire lives.
00:28:06.000Now notice again the multiracial appeal that JD Vance is making there.
00:28:09.000He is saying to a bunch of older white people with luxury beliefs who are out there shouting about freeing Washington DC.
00:28:14.000And of course, he is not wrong about that.
00:28:40.000It actually should make every American ashamed that the world's leading superpower, our national capital, was the world's greatest nation.
00:28:47.000was unsafe for families to walk around at night that is a disgrace we don't think that it's acceptable and thank god we have president Now, I mean, we can actually try to count all the white people in the protest.
00:29:00.000We have some footage of the crowd that was booing Vance and Hagseth as they entered DC's Union Station to not just get lunch, by the way, go visit the National Guard troops over there.
00:29:28.000A lot of white people doing a lot of yelling.
00:29:31.000In fact, the only black person I see in this whole picture is a cameraman.
00:29:36.000So yeah, I mean again, if the Democratic Party's idea is old white people scream at JD Vance or Donald Trump or Pete Hagshaff, good luck to you.
00:29:46.000Now, it is worth noting that the Democratic Party has basically decided that resistance to Trump is more important than actually solving problems.
00:29:54.000There's polling on what Trump is doing in DC.
00:29:57.000And according to the Washington Post, Washington, DC residents overwhelmingly oppose President Trump's decision to take over the DC police and order federal law enforcement and the National Guard into district streets.
00:30:07.00065 percent don't think his actions will make the city safer from violent crime according to a Washington Post Shar School poll.
00:30:15.00031% of district residents say crime is an extremely or very serious problem in the city.
00:30:19.000That's down from 50% in May and 65% in spring of 2024.
00:30:24.000Presumably, that's because some people are coding that question as do you approve of what Trump is doing about crime?
00:30:31.000Now residents do show agreement on only one view.
00:30:33.000Just under half think increasing punishments for convicted teenagers would reduce violent crime, which is a President Trump policy aim, obviously.
00:30:43.000So again, it is it is fascinating in Washington, DC.
00:30:46.000It is certainly true that the politically driven are less interested in solving problems than in yelling at at President Trump for sure, for sure.
00:30:56.000According to the polling, by the way, as of August 17, 54% of DC residents who are polled here say that crime is getting better in DC.
00:31:07.000If you go back to just May, 29% said better and 28% said worse.
00:31:15.000As far as how many people were worried about being victims of various crimes in their day to day life, the answer is 39% were worried about being car jacked, 43% were worried about a theft in a public place.
00:31:27.00036% were worried about physical assault.
00:31:29.000Those are actually Very, very high numbers, like truly high numbers in most of the country.
00:31:37.000Asked whether people that they knew had been victims of particular violent crimes, 27 percent said yes, that someone they knew, a close friend, had been a victim of violent crime.
00:31:49.000Another 14 percent said a member of their immediate family.
00:31:52.00010 percent said they themselves had been a victim of violent crime in Washington, DC.
00:31:59.000And it is true that the National Guard soldiers are certainly more visible.
00:32:05.000According to that polling, 55 percent of the people polled.
00:32:09.000said that they have seen and noticed federal law enforcement officers in Washington, DC, but 61 percent said it has made them feel less safe, which is just a lie.
00:32:18.000I'm sorry that that is people using that question as a proxy for do you approve of President Trump or do you not approve of President Trump?
00:32:27.000And now again, you can take the hatred of President Trump as your guiding star.
00:33:43.000So again, they're just going to continue, I assume, to falsify those crime stats.
00:33:47.000Meanwhile, because of the resistance to Trump, and this explains everything that Gavin Newsom is doing, he thinks he's going to win voters like this.
00:33:54.000Apparently, you remember just last week, there was that rather girly throwing person in the polo shirt who chucked a sandwich, chucked a hoagieie at one of the National Guard soldiers and then got his ass arrested.
00:34:06.000And it turns out he worked for the DOJ and, you know, now got fired.
00:34:09.000Well, now apparently the sandwich has become a sign of resistance.
00:34:13.000By the way, this is just a demonstration of a totally unserious country.
00:34:16.000When throwing a sandwich at a National Guard officer, is it like in actual countries with actual tyranny, signs of resistance involve standing in front of tanks in Tiananmen Square, for example.
00:34:27.000In unserious countries, signs of resistance involve throwing a hoagie at a National Guard member and then getting out on bail.
00:34:34.000But according to fifty first, which is a DC centric website, like almost everyone else,, Lorraine Hughes saw the video as it rocketed across social media last week.
00:34:44.000A man clad in shorts and a pink shirt, angry gesticulating in front of a federal officer on U Street Northwest before throwing an uneaten sub sandwich at his chest.
00:34:52.000A brief chase ensues and the man, known by the internet as Sandwich Guy, is apprehended.
00:34:56.000Inspiration quickly struck for the hobbyist printmaker.
00:34:58.000She started carving a design into a linoleum block, rolled red paint along the elevated edges, and pressed the block into a piece of paper.
00:35:06.000It's an awesome clean design, she said.
00:35:07.000Something about the sub fitting right in for the bars seemed like a good substitute.
00:35:12.000Who posted a picture of the resulting print on the Reddit channel for Washington DC?
00:35:16.000It prompted thousands of likes and requests for copies of the print.
00:35:19.000She spent the weekend furiously taking orders for pins, tote bags and t-shirts bearing the new design.
00:35:22.000First of all, capitalism always wins, gang.
00:35:25.000She said, I realize sub sandwich artists a very specific cultural moment.
00:35:31.000But again, this has become like the rallying point.
00:35:34.000So basically Gavin Newsom is sandwich guy.
00:35:36.000I assume he throws better than sandwich guy, but it is demonstrative of where the left is.
00:35:42.000Basically, they are now relegated to throwing sandwiches as people at people in the desperate hope that this will win them back political popularity.
00:35:50.000Now there are only a couple of things that can win them back political popularity.
00:35:54.000One of them will be shifting their position, which it seems like they're not not going to do.
00:35:57.000The other could be an economic downturn.
00:35:58.000I keep warning about this because, again, political policy makes a awfully big difference.
00:36:07.000I think the economy continues to sort of froth and bubble.
00:36:10.000We'll get to more on this in just a moment.
00:36:12.000First, when we started the Daily Wire, we did it to bring truth to America without that leftist bent.
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00:37:24.000Download the Daily Wire plus app now in the app store, Google Play, Roku, Samsung, and more.
00:37:28.000Speaking of the radicalism in the Democratic Party, again, a Gavin Newsom sort of take here is the redistricting in California in violation of the California Constitution.
00:37:36.000Now he's trying to get a referendum passed in November that will allow for a one-time redistricting in response to Texas Republicans redistricting.
00:37:45.000And again, notice the racialist sort of tenor of so much of this.
00:37:49.000Democratic representative Aguilar, California 33rd.
00:37:54.000He's arguing that California, Pete Aguilar, the Democratic caucus chair, he's arguing that California needs to redistrict.
00:38:01.000Because California is helping minorities, whereas Texas is somehow harming minorities by creating, I think, more majority Hispanic districts.
00:38:10.000This is a temporary measure to answer what Donald Trump is trying to do across this country.
00:38:17.000It is temporary and it is considerate of the Voting Rights Act, which is something that Texas does not care about.
00:38:24.000They are splitting communities of color.
00:38:27.000We are doing everything we can in this map to lift up those communities of interest and protect the Voting Rights Act.
00:38:37.000So if Texas redistrict, it's harming minorities.
00:38:39.000If California redistrict, it's somehow helping minorities.
00:38:43.000First of all, I was unaware that one man, one vote is supposed to not apply based on your race.
00:38:49.000I think it's precisely the opposite, actually.
00:38:52.000But again, this is the idea that is being promoted by Democrats across the aisle, you know, across the whole spectrum.
00:38:57.000Eddie Gloud of MSNBC, he says redistricting in Texas is somehow racist.
00:39:02.0004.3 million black people live in Texas, the largest number of black folk in any state, in any country, in any, in the Union union and two men.
00:39:12.000They're looking at that districting map.
00:39:15.000How are their voices going to be represented?
00:39:17.000So I want us to understand what we're seeing not only in Texas but around the country as a part of racial gerrymandering as part of the racialist and racist agenda of the Trump administration.
00:39:29.000I know we want to talk about it simply in terms of politics, but there's something insidious underneath it all.
00:39:35.000And by the way, look how they can't get out of their own way.
00:39:37.000Look how, as the New York Times mentioned, you can't use race as a proxy for voting anymore.
00:39:43.000They're using race as a proxy for how you should draw the voting districts because they believe that they can draw districts simply based on the race of the people in them and that that will somehow guarantee a democratic win or a republican win in a particular district.
00:40:14.000Barack Obama is, I think, the single most transformative president of my lifetime in the negative direction.
00:40:20.000Now President Trump may end up being the most transformative president of my lifetime in the other direction, but that too is a reaction to the.
00:40:28.000The idea that Barack Obama is somehow still touted as a bizarre democratic moderate is beyond it's beyond speech.
00:40:52.000He's going to unilaterally just do things.
00:40:55.000It was Barack Obama who set all the groundwork for all this.
00:40:58.000Well, now he is green lighting the California redistricting effort.
00:41:02.000He says, I wanted just a fair fight between Republicans and Democrats based on who's got better ideas and take it to the voters and see what happens.
00:42:21.000It might not be in the state of California.
00:42:23.000Even if it is, is he going to be able able to reverse the fact that demographics are cutting against Democrats, that voter registration is cutting against Democrats?
00:42:30.000No, but all Gavin Newsom wants out of this is the 2028 nomination.
00:43:21.000And meanwhile, as I said before, the biggest obstacle to continued Republican success is not, in fact, President Trump's immigration policy or his crime policy or his foreign policy, all of which are excellent.
00:43:32.000The biggest obstacle is the possibility of an economic downturn.
00:43:36.000And as I've said a thousand times, what do investors want from the Trump administration?
00:43:49.000Every investor I know is kind of holding his or her breath, waiting to see what President Trump is going to do on a day to day basis.
00:43:56.000And that's also true when it comes to the Fed.
00:43:58.000So there is a widespread sentiment that the Federal Reserve is very likely to lower the interest rates 25 basis points at their upcoming meeting.
00:44:05.000And that's probably what needs to happen given the fact that inflation has really not popped in the way that many people thought it would immediately after the tariffs.
00:44:12.000Now, it's also possible that there will be some inflation that bleeds into the economy.
00:44:15.000But even if that were true, the kind of inflation that's being produced by tariffs tends to be transitory.
00:44:21.000Well, because if you temporarily increase the prices of goods and services through tariffs, then demand lowers.
00:44:27.000And when demand lowers, then the prices go back down.
00:44:30.000Now, that does mean more economic stagnation.
00:44:32.000And theoretically, you can counteract some of that by subsidizing easy money policies via the Fed, which I think is what President Trump is calling for at this point.
00:44:42.000However, there was apparently broad Federal Reserve support.
00:44:47.000for keeping those interest rates steady last month.
00:44:50.000According to the minutes from last month's meeting, almost all officials supported the decision, implying that apart from two dissenting officials, it was backed by the remaining sixteen officials who participated.
00:44:59.000According to the Wall Street Journal, the decision followed a period of intense political pressure on Fed Treasurer Rampell by the White House to lower interest rates.
00:45:06.000Officials maintained their benchmark policy rate in a range between 4.25% and 4.5% as they weighed how importers, retailers and consumers will divide the cost of higher duties on imports.
00:45:16.000The written accounts in the meeting released with a customary three week lag suggested officials were divided over when they could be confident higher import costs would not lead to a period of broader rolling price hikes.
00:45:26.000Some officials said a great deal could be learned in the coming months.
00:45:29.000Others said it would not be feasible or appropriate to wait for complete clarity on the tariff effects on inflation before adjusting the stance of monetary policy.
00:45:37.000Now again, there are a lot of people who are suspicicious that Fed chair Jerome Powell has basically now staked his own political reputation on saying no to Trump.
00:45:45.000That includes people, by the way, who are not on the right side of the aisle politically.
00:45:49.000People like Mohammed Al Arian of Allianz.
00:45:51.000He has suggested that Jerome Powell needs to go simply because of the sort of patina of politics that now resides and hovers over Jerome Powell.
00:46:01.000Since that meeting, economic data have strengthened the argument of so called doves who favor rate cuts because job growth in May and June was revised lower.
00:46:08.000Governors Christopher Waller and Michelle Bowman, who last month dissented in favor of a cut, have argued officials should not react to price increases from tariffs because those are not likely to be repeated.
00:46:16.000That is the argument I was making, which is that these inflation arguments are transitory.
00:46:21.000Now, again, I have to say that I think central bank driven artificially low interest rates tend to lead to bubbles.
00:46:27.000This is what happened during the Greenspan years and then happened again during the Jerome Powell early years.
00:46:31.000Easy money policies tend to lead to bubbles.
00:46:33.000We already have an extremely high PE ratio on Wall Street that is particularly driven by the insane out of balance price to earnings ratios of the big tech companies, which are now trading at, in some cases, over a hundred times price to earnings.
00:46:49.000So you really need to have an earnings ramp up to justify that, that sort of investment.
00:46:54.000So I'm suspicious that we are already in a bubble.
00:46:57.000I know that that a lot of people are hesitant to say that.
00:46:58.000I know there's a lot of cross currents in the economy right now, a lot of confusion in the economy.
00:47:02.000But if you look at how the stock market is going right now, what you are seeing is that investors are pouring money into the tech companies because they look scalable and they are not pouring money into any other part of the stock market.
00:47:15.000Well, what you want from the Federal Reserve, when I talked about predictability, what you want from the Federal Reserve is a feeling that they are in fact dispassionate, that they are going to look at all the economic factors and then make the best decision for the future of the economy.
00:47:28.000What you don't want is the feeling that a president who is in fact quite variable on his economic policies is actually manipulating the Fed or pressuring the Fed to do things.
00:47:38.000We saw already the president in fire, the head of the Bureau of Labor Statistics because he didn't like the last jobs report.
00:47:45.000And as I said at the time, I thought that was negative.
00:47:47.000I didn't think there was a real upside to that.
00:47:50.000Well, because the head of the BLS just takes in the stats and then turns out whatever the outcome of the stats is.
00:47:55.000You can argue with the methodologies that are used.
00:47:58.000You can change those methodologies, but you're not going to simply fix the jobs numbers by replacing the person at the head of the BLS.
00:48:05.000And all that's going to do is underscore the idea that now the data that you're going to get are actually being pushed by the Trump administration, particularly.
00:48:14.000Well, meanwhile, the president has been exerting pretty open pressure, not just on Jerome Powell, but now on another member of the Federal Reserve, Governor Lisa Cook.
00:48:22.000Now, I may not agree with Lisa Cook on economics.
00:48:26.000I may think that Lisa Cook tends to be politically left.
00:48:30.000Okay, that does not change the reality for investors, which is the more perception there is that the central government of the United States is pressuring the Federal Reserve in one direction or another, the less certainty there is going to be that the Federal Reserve central banking policy of the United States is geared toward most sane outcome rather than most politically palatable outcome for the administration.
00:48:52.000According to Axios, the Trump administration is pursuing wholesale changes at the Federal Reserve with a ruthlessness and creativity few Fed watchers could have imagined.
00:49:00.000The president's demands for lower interest rates are not just rhetoric, his attacks aren't limited to the insults against Chair Jerome Powell.
00:49:06.000Rather, the administration is pursuing a sophisticated multifront war to try to install loyalists atop the Fed much faster than normal turnover would allow.
00:49:13.000Now remember the way that it works over at the Federal Reserve.
00:49:16.000It's not that Jerome Powell unilaterally gets to make a decision about what the interest rates are.
00:49:24.000The way that it works is that there's something called the Federal Open Markets Committee.
00:49:29.000And the Federal Open Markets Committee decides exactly how this goes.
00:49:36.000It consists of twelve members, the seven members of the Board of Governors, the president of the Federal Reserve Bank of New York, and four of the remaining eleven reserve bank presidents who serve one year terms on a rotating basis.
00:49:47.000So the current 2025 committee members include Jerome Powell.
00:50:01.000Now as for Cook, she was a professor of economics and international relations at Michigan State University.
00:50:06.000She was a research associate at one point at the National Bureau of Economic Research, was at the faculty at Harvard University's Kennedy School of Government.
00:50:14.000She was a senior economist on the Council of Economic Advisers under President Obama.
00:50:19.000So there's a reason why President Trump wants her gone.
00:50:22.000I would assume with that said, is that going to be enough?
00:50:27.000I mean, if the idea is that Trump is going to radically remake the FOMC to back his economic priorities, that is not going to make investors sort of more eager to invest.
00:50:39.000It's going to make them less eager because what they will figure is that the President of the United States is pushing people into doing things they wouldn't otherwise do.
00:50:47.000Bill Pulte is the director of the Federal Housing Finance Agency.
00:50:50.000He posted on X a letter to the Attorney General stating it appears Lisa Cook, quote, has falsified bank documents and property records to acquire more favorable loan terms, potentially committing mortgage fraud under the criminal statutes.
00:51:01.000She took out a mortgage on a Michigan house represented to be her principal residence, and then shortly thereafter, she took out a loan on an Atlanta condominium that was also described as her principal residence according to Pulte's letter.
00:51:12.000Now, she has not actually defaulted on either loan.
00:51:15.000Actually, and Pulte has been going after both California Senator Adam Schiff and New York Attorney General Letitia James on similar grounds.
00:51:22.000Well, now President Trump is posting that Cook must resign.
00:51:26.000And apparently the Wall Street Journal is reporting he's considering firing Cook for cause.
00:51:32.000So he has a nominee who's going to be up, Steven Moran, who would join Michelle Bowman and Christopher Waller as Trump appointees on the seven-person board of governors with another vacancy.
00:51:43.000Trump appointees would then attain a four to three majority and that would give Trump appointees power over the Fed systems, budget, staffing and selection of reserve bank presidents.
00:51:50.000So it could rig the system for the next couple of years.
00:51:53.000Right now, Cook's term is not scheduled to expire until 2038, which is extremely long.
00:52:01.000By the way, the board of govern Governors has to vote to approve reappointment of everybody who's on a five-year term because the twelve presidents of the Reserve Bank serve five-year terms.
00:52:10.000They're all scheduled to expire at the end of February.
00:52:12.000So theoretically, if President Trump were able to gain a 43 majority on the Board of Governors, he could then stack the FOMC just a few months from now in February.
00:52:56.000Great book called The Price of Time all about interest rates that suggests that actually artificially low interest rates are just as damaging as very, very high interest rates in their own way.
00:53:06.000They lead to this delay effect where the bubble bursts and then everybody pays the price.
00:53:11.000According to the Wall Street Journal's editorial board, this is nasty business.
00:53:14.000Jerome Powell does not have the authority to remove Miss Cook.
00:53:17.000Why would he know anything about her mortgages?
00:53:18.000The context for Mr. Pulte's accusations is relevant.
00:53:23.000Cook voted with Powell to stand pat at last month's meeting of the Federal Open Market Committee.
00:53:30.000So the Trump administration is trying to bludgeon Cook into supporting a rate cut under threat of removal and criminal prosecution.
00:53:36.000The FHFA's job under Pulte is to ensure Fannie and Freddie don't take on too much risk so taxpayers don't have to bail them out again as happened between 2008 and 2009.
00:53:45.000But instead, Pulte is going after people that President Trump doesn't like.
00:53:51.000So again, this is at the very least, do I think that this is going to to be a good thing for the economy?
00:53:59.000Meanwhile, the SP 500 has fallen for the fifth consecutive day because Walmart put out its earnings and its shares dipped more than four percent because they beat the quarterly sales estimate but they missed their earnings expectations.
00:54:11.000That's the first time that Walmart has missed its quarterly earnings expectations since May of 2022.
00:54:17.000And again, we are still waiting to hear from Federal Reserve chair Jerome Powell on Friday in Jackson Hall where he could actually explain what the hell he is thinking here.
00:54:27.000The market this week, according to CNBC, has been pressured by a heavy bout of selling.
00:54:33.000Investors took profits from high flying names including Nvidia, Palantir and Meta.
00:54:38.000Adam Chrisopholi, founder of Vital Knowledge, said there just hasn't been much conviction behind the recent bout of tech selling, and most people assume it will be over relatively soon.
00:54:46.000This mindset suggests a dangerous degree of complacency.
00:54:48.000It means the pain trade will be for the tech underperformance to continue.
00:54:54.000And again, an enormous amount of what is going on right now has to do with variable economic policy.
00:55:19.000Continuing claims rose to 1.97 million.
00:55:23.000Meanwhile, the Federal Reserve of Philadelphia's manufacturing index for August posted an unexpectedly weak reading of negative 0.3% that is down 15.9 from the prior month and below the estimate for 7.0.
00:55:36.000So, you know, I've been saying all along that I do not think the classical economic theory is wrong.
00:55:42.000I just think it takes a while for everything to materialize.
00:55:45.000And my great hope for President Trump is that he watches the numbers.
00:55:48.000And that while watching the numbers, the president of the United States starts to make the kinds of policy changes that are likely to lead to long term and short term economic booms.
00:55:58.000And meanwhile, speaking of corporate America, Cracker Barrel is now under fire.
00:56:06.000Their logo used to be, I thought, rather charming.
00:56:11.000It's kind of a middle aged farmer, white guy sitting on a chair leaning against a barrel with a logo that said Cracker Barrel, old country store.
00:56:26.000And now their new logo is basically just like they kept the same letters for Cracker Barrel.
00:56:33.000The same font and everything, but they just got rid of the dude leaning on the barrel and the chair and the old country store.
00:56:39.000And they just made it into like a yellow block that kind of looks like you're driving into it, a Carls junior or something.
00:56:47.000I do not like, I guess that the shape is supposed to be in the shape of a sideways barrel, but I mean, you'd have to kind of think about that, I guess.
00:56:58.000It is getting rid of historic IP in favor of something absolutely and ridiculously generic.
00:57:05.000So when it first opened in 1969, apparently Cracker Barrel had a logo with just text in 1977, it updated.
00:57:11.000its logo to have that dude who is resting by the barrel.
00:57:15.000The restaurant says the new logo is now rooted even more closely to the iconic barrel shape and word mark that started it all.
00:57:22.000Apparently, it also noted that farm fresh scrambled eggs and buttermilk biscuits were the inspiration behind the color palette in the new campaign.
00:58:29.000So, um, you know, again, this is reminiscent, uh, not, not in the same sort of way.
00:58:33.000This is very reminiscent of that time that you remember there used to be antimima syrup that was, that was in your refrigerator and now it's Pearl Milling Company.
00:58:40.000You don't know that it's called Pearl Milling Company, by the way.
00:58:43.000That's the first thing you've heard about this.
00:58:45.000So you picked it up at the grocery store.
00:58:46.000And during the great racial reckoning of 2020, they decided they had to redo the entire logo for Anjama's pancake flour and all the rest, which, again, is kind of bizarre because the actual story of the woman who was Anjama is a fascinating story.
00:59:06.000And according to ABC news, she was born into slavery in Montgomery County, Kentucky.
00:59:10.000She moved to a deeply divided Chicago.
00:59:12.000She became a strong voice at Olivet Baptist Church.
00:59:16.000And apparently, Green is the essential worker.
00:59:21.000You know, she was, she was seen as one of the key parts, many people's kitchens were kind of integrated this way.
00:59:29.000And ABC actually found a descendant of this woman who said that actually he was kind of sad that they that they got rid of this.
00:59:42.000Apparently said she was the trusted face back then.
00:59:45.000Anyone who would look at an African American woman cooking, they knew they could trust her cooking that she could cook and they got rid of it anyway.
00:59:51.000And this was supposed to make the country better.
00:59:58.000Cracker Barrel does, of course, have many DEI initiatives.
01:00:01.000If you take a look at their corporate website, they have the LGBTQ plus minus divided by sign alliance.
01:00:10.000They have a diversity, equity, inclusion and belonging department.
01:00:14.000In other words, they do all of the usual sort of left-wing tropes.
01:00:18.000They have a group inside the company called Be Bold to cultivate and develop black leaders within the Cracker Barrel organization, utilizing allyship, mentorship and education to create a path to continued excellence, blah, blah, blah, blah, blah, blah.
01:00:30.000They have the Cracker Barrel Neuro Diverse Collective, which is interesting.
01:00:36.000They have Ola, which is the group inside Cracker Barrel that promotes Hispanic and Latino culture through hiring, developing and retaining talent within Cracker Barrel.
01:00:45.000So basically, they're just a generic New York based kind of company, I suppose.
01:00:48.000It seems like that's what they're doing.
01:00:50.000doing well my guess is that when you lose that local flavor you probably will lose some sales as well and we'll find out it is kind of sad that that that so much of the IP of America is just getting more and more generic I mean I'm old enough to remember when when McDonald's had the big golden arches outside and now they've decided to dump that in so many places and and they've instead gone with this very generic logo I don't know this kind of stuff I'm I'm not a big fan of all right folks the show continues for our members Right now,