The Ben Shapiro Show - January 28, 2026


Democrats Seek Illegal Immigrant JAILBREAK In Response To ICE Shootings?!


Episode Stats

Length

58 minutes

Words per Minute

189.58842

Word Count

11,132

Sentence Count

754

Misogynist Sentences

5

Hate Speech Sentences

18


Summary

The Trump administration moderates its rhetoric on Minneapolis while Democrats ramp up their own. Are Democrats looking to just fully undermine federal immigration law? Or are they putting pedal to the metal? We ll get into that first. The Daily Wire's new series, Rise of the Merlin, premieres Thursday.


Transcript

00:00:00.000 The Trump administration moderates its rhetoric on Minneapolis while Democrats ramp up their own plus.
00:00:05.000 Are Democrats looking to just fully undermine federal immigration law?
00:00:08.000 Are they putting pedal to the metal?
00:00:09.000 We'll get into that first.
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00:00:43.000 While the Trump administration seems to be conciliating its views with regard to ICE's use in Minneapolis, President Trump is making some pretty strong PR moves in order to regain political capital that has been lost in the aftermath of a couple of very controversial and disputed circumstances, shootings in Minneapolis by ICE and Border Patrol of American citizens who are out obstructing federal law enforcement.
00:01:07.000 Democrats, by contrast, seem to be consolidating their position and not only that, going absolutely extreme, which seems to be the pattern.
00:01:15.000 The minute that one political side believes that it has the upper hand, it proceeds to put the pedal to the metal and then alienate the American population.
00:01:22.000 That seems to be what Democrats are intent on doing right now.
00:01:25.000 So, President Trump recognizes that the polls right now don't look good for him with regard to ICE operations.
00:01:30.000 Now, that's not true with regard to overall views on what ICE should be doing.
00:01:36.000 Americans do support the mass deportation of particularly criminal illegal immigrants.
00:01:40.000 And there's been no controversy whatsoever in the vast majority of jurisdictions across the United States wherein ICE has been working with local state authorities in order to go into jails and get people who are arrested for crimes and then deporting those people.
00:01:55.000 It is only in places like Minneapolis where there has been resistance to this sort of activity that ICE is then forced to go in with boots on the ground into areas that are not, for example, jails.
00:02:06.000 And presumably, in order to increase deportation numbers, there's been talk by, for example, Stephen Miller over at the White House about looking for broader swaths of illegal immigrants to deport.
00:02:16.000 That means the percentage of illegal immigrants who have committed a separate criminal offense or who are alleged to have committed a separate criminal offense and are therefore in jail, being deported as a percentage of all illegal immigrants being deported, has dropped pretty precipitously from January until now.
00:02:33.000 And that, on a PR level, is a problem.
00:02:35.000 President Trump recognizes that's a problem.
00:02:37.000 He also recognizes that it is a problem when the lead spokespeople on behalf of these policies seem to make terrible public relations blunders on a regular basis, which is why he effectively demoted Gregory Bovino, who is the Border Patrol officer who is essentially heading up operations in the Minneapolis area on behalf of Border Patrol.
00:02:58.000 Bovino, of course, had suggested in the aftermath of the killing of Alex Predi that Predi was attempting to massacre law enforcement.
00:03:05.000 The evidence is very scanty that that was true, and President Trump knows that.
00:03:08.000 So yesterday, the president announced that they're going to de-escalate a little bit.
00:03:12.000 Here he was on Fox News.
00:03:14.000 So they had good crime numbers, believe it or not.
00:03:17.000 And that's all working out.
00:03:19.000 You know, we have Tom Homan there now.
00:03:20.000 We put him in there.
00:03:21.000 He's great.
00:03:22.000 And they met with the governor, the mayor, everybody else, and we're going to de-escalate a little bit.
00:03:27.000 He's sending Tom Homan, who is a significantly more professional person, into this area in an attempt to negotiate out what happens next.
00:03:35.000 Trump also advocated for an honest investigation into what happened with regard to Renee Good and Alex Predty.
00:03:42.000 But you know, we're doing a big investigation.
00:03:44.000 I want to see the investigation.
00:03:46.000 I'm going to be watching over it.
00:03:48.000 I want a very honorable and honest investigation.
00:03:51.000 I have to see it myself.
00:03:53.000 Now, Trump was asked specifically about Alex Predty and the description of Predi as a domestic terrorist or an assassin.
00:03:59.000 And here was President Trump's response.
00:04:03.000 Certainly he shouldn't have been carrying a gun, but all of, hey, look, bottom line, everybody in this room, we view that as a very unfortunate incident.
00:04:11.000 Everyone, unless you're a stupid person.
00:04:11.000 Okay.
00:04:14.000 A very, very unfortunate incident.
00:04:17.000 I don't like that he had a gun.
00:04:18.000 I don't like that he had two fully loaded magazines.
00:04:20.000 That's a lot of bad stuff.
00:04:22.000 And despite that, I say that's a very unfortunate thing.
00:04:25.000 What do you think of the problem?
00:04:26.000 And again, he's not criticizing people who are protesting with a gun.
00:04:29.000 He is criticizing people who obstruct law enforcement while carrying weapons, which, of course, raises the risk of deadly violence in a pretty significant way.
00:04:37.000 And as it turns out, Alex Predi has a history of physical confrontations with federal law enforcement, according to CNN.
00:04:45.000 Federal immigration officers have been collecting personal information about protesters and agitators in Minneapolis, sources told CNN, and they had documented details about Predi before he was shot to death on Saturday.
00:04:56.000 Apparently, sources told CNN about a week before his death, he suffered a broken rib when a group of federal officers tackled him while he was protesting their attempt to detain other individuals.
00:05:06.000 And again, these protests are not spontaneous protests.
00:05:08.000 Some of them are not protests at all.
00:05:10.000 Some of them are actual obstruction of federal law enforcement.
00:05:12.000 If you're Renee Good and you take your car and you obstruct federal law enforcement vehicles from being able to move down the road, that is not a protest.
00:05:20.000 That is obstruction of federal law.
00:05:21.000 If you're Alex Predty and you're getting in the way of ICE being able to do its job, that is not a protest.
00:05:26.000 That is an obstruction of federal law, obviously.
00:05:29.000 The Department of Homeland Security says that DHS law enforcement has no record of that incident.
00:05:34.000 With that said, if it turns out that Predi is a person, was a person who is repeatedly getting into confrontations with law enforcement, that does change a little bit the sort of circumstances surrounding his death.
00:05:47.000 Regardless, President Trump, again, understands he has an excellent weather vein for where the American people are.
00:05:55.000 And that means that if somebody is not representing him well, he is very likely to put them aside.
00:06:00.000 That's exactly what happened, as I say, with Gregory Bovino.
00:06:03.000 Here he was yesterday, blaming Bovino and essentially suggesting that Bovino's characterization of events was not right.
00:06:10.000 I don't think it's a pullback.
00:06:12.000 It's a little bit of a change.
00:06:13.000 Everybody in this room that has a business, you know, you make little changes.
00:06:16.000 You know, Bovino is very good, but he's a pretty out there kind of a guy.
00:06:20.000 And in some cases, that's good.
00:06:21.000 Maybe it wasn't good here.
00:06:24.000 Now, he is out there still defending Christy Noam.
00:06:27.000 Already coming up, the president may be out of love with Greg Bovino, but he's still defending Christy Noam over at the Department of Homeland Security.
00:06:33.000 We'll have to examine why first.
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00:09:01.000 So, Christy Noam, of course, of the Department of Homeland Security, she's come under extraordinary fire.
00:09:06.000 And frankly, I think a lot of it is justified.
00:09:08.000 I think that she has not done a good job of representing the president publicly.
00:09:11.000 The president, however, is still defending Christy Noam, who has become the center of this firestorm.
00:09:19.000 With the shift in Minneapolis and Tom Holman going to Minnesota, do you still have confidence in DHS Secretary Christy Noam?
00:09:26.000 You brought up the success of the film.
00:09:27.000 Look.
00:09:27.000 I do.
00:09:27.000 You do.
00:09:28.000 She was there with the border.
00:09:30.000 Who closed up the border?
00:09:31.000 She did with Tom Holman, with the whole group.
00:09:34.000 I mean, they closed up the border.
00:09:36.000 The border is a tremendous success, one of the most secure borders in the entire world.
00:09:40.000 We had a great first term.
00:09:42.000 This term seems to be blowing it away.
00:09:45.000 I mean, the only thing we have is a Minnesota situation, and that is, I believe, easily resolved.
00:09:51.000 Now, when it comes to Christy Noam and the characterization of events, perhaps one of the reasons that the president is defending Noam where he wasn't defending Bovino is because Noam is saying that she got instruction, apparently, from Stephen Miller, a close advisor to the president.
00:10:05.000 According to MediaIte, Noam is chalking up her actions in office to the direction of President Trump and Homeland Security Advisor Stephen Miller.
00:10:13.000 So immediately upon Predty's death, Miller had gone on Twitter and he had put out a statement: quote, an assassin tried to murder federal agents, and this is your response.
00:10:21.000 That was in response to Chris Murphy suggesting that ICE has to leave Minneapolis.
00:10:26.000 And of course, Miller is very close to the president.
00:10:29.000 There's been a lot of talk about whether Miller and Noam are splitting, whether there's been some sort of problems between the two of them.
00:10:37.000 But White House Press Secretary Caroline Lovitt called Miller one of the president's closest aides.
00:10:41.000 Quote, Stephen Miller is one of President Trump's most trusted and longest-serving aides.
00:10:45.000 The president loves Stephen.
00:10:47.000 Noam apparently said to somebody who then related to Axios, which means that she leaked it out.
00:10:51.000 You would imagine that might be Corey Lewandowski: everything I've done, I've done at the direction of the president and Stephen.
00:10:55.000 So maybe the idea here is that the president is being told by Christy Noam that if I go under the bus, I'm taking you with me.
00:11:01.000 That is quite possibly a sort of linkage that is forcing the president or his advisors to defend Noam where they weren't willing to defend Bavino.
00:11:10.000 The bottom line, however, is that I have yet to see a headline emerging specifically regarding Christy Noam that has been a positive for the administration thus far.
00:11:19.000 Now, President Trump, as part of his reorientation toward ICE operations in Minneapolis, he's been talking with Tim Walz, the governor of Minnesota, who, again, has been a nefarious character in all of this.
00:11:28.000 He has fomented the chaos in Minnesota.
00:11:31.000 He has created incentive structures for that chaos.
00:11:33.000 He has praised the people who are participating in that chaos.
00:11:36.000 Nonetheless, the president reached out to Walls, and this is sort of the president's personal style, obviously.
00:11:41.000 President Trump likes to reach out to people he perceives to be political enemies, maybe make friends with them, treat them with good grace.
00:11:48.000 He obviously did this to Zormam Donny in New York.
00:11:50.000 Now, apparently he's doing the Tim Walz.
00:11:52.000 He explained a recent phone call that he had with Tim Walz to Will Kaine over on Fox News.
00:11:58.000 It couldn't have been a nicer conversation.
00:12:00.000 And in fact, I said to my people, I said, it's hard to believe that's the same guy I watch on television or I watch in a debate not doing so well or because we had a very reasonable conversation, very good conversation.
00:12:12.000 If you believe the conversation, he'd like to get this thing over with.
00:12:17.000 So, again, he seems to be optimistic about what he can get Tim Walz to do.
00:12:20.000 Now, Tim Walz seems to have a different viewpoint.
00:12:22.000 And this is where things can shift pretty easily for Democrats.
00:12:25.000 So right now, Democrats believe that they have the upper hand.
00:12:28.000 Democrats believe that they have gotten President Trump to cave on policy.
00:12:31.000 Now, realistically, they've not.
00:12:32.000 Nothing has actually changed in terms of the operations that ICE is slated to perform in Minneapolis.
00:12:38.000 The president has shifted around some faces.
00:12:40.000 He's brought in people who are probably calmer personages in order to implement his policy preferences.
00:12:47.000 Tom Homan is extraordinarily professional.
00:12:49.000 Again, from the very beginning, when Renee Good was shot, Tom Homan said there will be a full investigation.
00:12:53.000 Law enforcement has to do its job.
00:12:55.000 That is the proper response when there is a disputed shooting.
00:12:59.000 And he said the same thing about Alex Predty, who is not out front making absurdly overreaching statements about what happened in these cases where there was full-scale video available.
00:13:09.000 So Tom Homan being there makes a big difference.
00:13:12.000 Democrats, however, seem to believe that now there is a bit of political blood in the water and they can go all the way.
00:13:18.000 So Tim Walz is using this as an opportunity.
00:13:20.000 Again, remember, Tim Walz was so disgraced six weeks ago that he had to drop out of his gubernatorial race.
00:13:26.000 He's running again for governor, a third term in Minnesota, and he had to drop it specifically because of all the fraud allegations swirling around his administration.
00:13:35.000 Politically, there is no one happier than Tim Walz about what's going on in Minnesota, which is presumably why he is helping to foment all of the problems in Minnesota, talking about how ICE agents are Gestapo-like and how you need to go out there and cause good trouble and how nonviolent resistance, wink-wink, is the way.
00:13:53.000 Tim Walz has been an instigator in this entire process.
00:13:55.000 So has the Minneapolis Mayor Jacob Fry.
00:13:58.000 Well, now Tim Walz believes that he's won some sort of cheap political victory here.
00:14:02.000 He's using the opportunity to slam various members of the Trump administration, even after Trump reached out to him.
00:14:07.000 Here he was yesterday slamming the vice president, JD Vance.
00:14:10.000 I would beat the shit out of him now if I could, and I would call that out.
00:14:13.000 I mean, that's just different.
00:14:15.000 In verbally going at it, my argument is much better.
00:14:18.000 In making the case that housing prices are up because of immigration and that we should build on federal lands, it was such a crazy thing.
00:14:26.000 But then when I watched him, I got sucked into that.
00:14:28.000 And if you remember, this was right in that moment of eating dogs and cats.
00:14:32.000 I took that bait and thought that that was the argument of how outrageous it was.
00:14:36.000 That was not the argument.
00:14:38.000 And he said that your cops are liars.
00:14:40.000 He said that the ICE agents are.
00:14:43.000 They all did.
00:14:44.000 That's exactly right, that this is the problem with them.
00:14:46.000 And well, the president said it, that we told him to stand down.
00:14:49.000 Do you think they would do that?
00:14:50.000 Do you think that police would not protect citizens no matter if I'm like, oh, don't do this?
00:14:56.000 Yes.
00:14:57.000 Well, this is the whole paradox with these guys.
00:14:59.000 They don't back the blue.
00:15:01.000 They don't back police.
00:15:02.000 January 6th proved that.
00:15:03.000 Fanon and the rest of those guys will tell you that.
00:15:06.000 Again, the idea that Democrats have backed the blue is insane.
00:15:09.000 The fact that the idea that Tim Walz has backed the blue is crazy.
00:15:12.000 One of the big problems you have in major blue city police departments is that the political leadership of the police departments have to work hand in glove with the state officials, people like Tim Walz.
00:15:21.000 Or if you're in California, you have to work with the mayor if you're in Los Angeles or with the governor.
00:15:27.000 And what that tends to mean is that the people who are actually on the ground holding the line have pretty significant disagreements with the people who are the heads of their departments, which is why you have seen in major police forces across the United States real trouble recruiting and retaining police officers.
00:15:42.000 Tim Walz went out of his way to slam Christy Noam as well.
00:15:47.000 It's very disheartening to me to see the president say Christy Noam's doing a great job.
00:15:51.000 I'm not sure there's been anybody more incompetent or cruel that's ever served in a cabinet position than her, and this is on her.
00:15:58.000 Okay, so again, this is going to be the shtick.
00:16:01.000 Now, this is going to culminate an attempt to totally undermine law enforcement.
00:16:05.000 So, Jacob Fry, now remember, the president reached out to Fry and had a conversation with him and then put out a statement on Truth Social about how well the conversation went.
00:16:13.000 Well, Fry is now digging in, saying that he is not going to facilitate the performance of immigration law.
00:16:20.000 Quote, today, Chief O'Hara and I met with Borders Homan and had a productive conversation.
00:16:24.000 I reiterated that my main ask is for Operation Metro Surge to end as quickly as possible.
00:16:29.000 Public safety works best when it's built on community trust, not tactics that create fear or division.
00:16:34.000 I shared with Mr. Homan the serious negative impacts this operation has had on Minneapolis and surrounding communities, as well as the strain it has placed on our local police officers.
00:16:42.000 I also made it clear that Minneapolis does not and will not enforce federal immigration laws and that we will remain focused on keeping our neighbors and streets safe.
00:16:49.000 City leaders will continue to stay in conversation with Mr. Homan and his team.
00:16:52.000 So in other words, he is not going to change one iota of what he has been doing.
00:16:56.000 He is going to demand that the federal government stop performing federal immigration law.
00:17:00.000 And when he says that he wants to keep people safe, but they're not going to perform federal immigration law, understand what that means.
00:17:05.000 What he means when he says that is that if there are local law enforcement agencies, if Minneapolis PD picks up a person and that person goes to jail and they know that person is an illegal immigrant and that person makes bail, for example, that will never be reported to ICE.
00:17:24.000 That is what they mean.
00:17:25.000 That is what they mean.
00:17:27.000 They mean that you will require a full-scale conviction and prison term for the person at the other end.
00:17:33.000 Maybe State Department of Corrections hands that person over to ICE.
00:17:36.000 But at first encounter, criminals will not be interfacing with ICE.
00:17:42.000 That is what he means, which means the continual undermining of federal law, obviously.
00:17:48.000 Meanwhile, Keith Ellison, the terrible attorney general of the state of Minnesota, he's out there suggesting that perhaps he is going to prosecute ICE officers.
00:17:58.000 Our hope is that the order will continue to preserve, protect, prohibit altering, and gain access so that we can investigate this case ourselves.
00:18:08.000 As you know in your audience, I want them to know that there is no legal bar to the state prosecuting anyone who commits a crime in our state, including a federal official.
00:18:19.000 There are certain qualified immunities that apply, but we believe that they can be overcome.
00:18:27.000 Meanwhile, Governor Josh Shapiro in Pennsylvania, who of course would like to run for president, it is now becoming, it's amazing how quickly the Democratic Party higher echelons are captured by the radicals in their base, believing they need them in order to win presidential primary.
00:18:40.000 Shapiro wants to run for president of the United States.
00:18:44.000 And he is out there saying ICE's mission needs to be terminated.
00:18:47.000 Again, terminating ICE's mission without explaining how you're going to effectuate immigration law being enforced means nullification of federal law on behalf of local and state concerns, which has a very bad history in the United States.
00:19:01.000 To me, it is very clear that the mission the president and Christy Noam and Stephen Miller and JD Vance and all of them sent these federal officials on is a mission to violate people's constitutional rights.
00:19:15.000 And it is clear that the mission needs to be terminated immediately.
00:19:20.000 Period.
00:19:21.000 Hard stop.
00:19:22.000 And while police want to have tools in their hands to be able to do their good work in the community, the most important tool they need is to have trust with the community.
00:19:32.000 And the other thing that this administration has done is violated that trust with the American people and law enforcement.
00:19:38.000 And collectively, all of that makes us less safe.
00:19:42.000 The mission needs to be terminated.
00:19:43.000 It needs to end right now.
00:19:46.000 Okay, now again, this has become the going talking point for Democratic candidates and apparently for Democratic law enforcement officers around the country.
00:19:55.000 Philadelphia's awful district attorney Larry Krasner, who's done just a terrible job of ensuring that the law is enforced in his city, he is vowing to utilize law enforcement resources to hunt down ICE agents.
00:20:07.000 If we have to hunt you down the way they hunted down Nazis for decades, we will find your identities.
00:20:17.000 We will find you.
00:20:18.000 We will achieve justice.
00:20:21.000 Okay, again, this is kind of insane stuff.
00:20:24.000 And it culminates in what Democrats are now declaring they want on the federal level.
00:20:28.000 So according to Bill Malugan reporting for Fox, Democrats are now demanding judicial warrants for all ICE arrests.
00:20:34.000 What does that mean?
00:20:35.000 What does that mean?
00:20:37.000 Well, as he says, that will take a massive number of targets off the board for ICE.
00:20:42.000 They would only be able to go after illegal immigrants who have committed a new federal crime after entering the United States illegally.
00:20:48.000 State and local crimes would not apply because the feds don't enforce state and local crimes.
00:20:54.000 Remember, if ICE comes and arrests somebody, detains somebody based on a state level, they are not prosecuting that person.
00:21:02.000 They're looking to deport that person.
00:21:04.000 It's the state that is supposed to prosecute on the basis.
00:21:07.000 So if you require a judicial warrant on the federal level, that judicial warrant presumably has to be for a separate crime.
00:21:14.000 On the federal level, that would have to be a federal crime.
00:21:17.000 For example, says Bill Malugan, if an illegal immigrant gets arrested in Minnesota for a DUI crash causing great bodily injury, a state crime, and then bonds out of jail, ICE would not be able to target him for arrest because there would be no judicial warrant.
00:21:29.000 It's not a federal crime.
00:21:30.000 ICE would not be able to target anyone for just being in the U.S. illegally.
00:21:34.000 They would have to wait for a federal crime to be committed.
00:21:36.000 Then a federal judge would have to sign off on probable cause for arrest.
00:21:39.000 It would cripple any hopes of mass deportations or widespread immigration enforcement.
00:21:43.000 Warrants are not required for ICE arrests under U.S. law right now.
00:21:47.000 They simply need probable cause that the target is detainable and deportable on immigration grounds.
00:21:51.000 And then they use an I-200 and I-205 civil administrative warrant.
00:21:55.000 The most common judicial warrant ICE uses to target aliens right now is for illegal re-entry.
00:22:00.000 A federal felony when a deported alien has re-entered the United States after deportation.
00:22:05.000 But that's a limited population because a huge number of illegal immigrants, most of them actually, have not been repeat deportees.
00:22:12.000 ICE does need a judicial warrant to enter homes.
00:22:15.000 That's a different question.
00:22:16.000 We had this conversation earlier this week.
00:22:18.000 The administration is trying to claim that an administrative warrant plus probable cause means they can bust into a home.
00:22:23.000 That is hotly contested in the courts of law.
00:22:26.000 But for an arrest, you don't need a judicial warrant.
00:22:29.000 An administrative warrant for illegal immigration is enough to effectuate a deportation based on an arrest.
00:22:37.000 One ICE contact in a sanctuary city told Malugan, quote, if we need a judicial warrant for every arrest, we would have maybe 15 arrests in a year in his city.
00:22:46.000 Apparently, this is what Democrats are pushing for.
00:22:49.000 Meredith Lee Hill, congressional reporter for Politico, says the Democrats are coalescing around a number of DHS bill changes, including requiring judicial warrants for immigration arrests, mandating the federal agents identify themselves, requiring DHS to cooperate with state and local investigations, and limiting the mission creep of federal agencies.
00:23:09.000 Also, end roving patrols and profiling and end arrest quotas.
00:23:14.000 So basically, hamstring federal law, make sure that illegal immigration can never be stopped.
00:23:21.000 That is the Democrat call.
00:23:22.000 And that is a massive overreach.
00:23:23.000 Because here's what Americans want.
00:23:25.000 Americans would like as a first step.
00:23:28.000 They wanted the border to close.
00:23:29.000 Trump did that.
00:23:30.000 They want criminal illegal immigrants deported.
00:23:32.000 The Trump administration has been doing that very successfully in virtually all jurisdictions outside of places like Minneapolis, places where you have Democratic officials and law enforcement attempting to gin up chaos.
00:23:47.000 And Democrats, on the other hand, apparently would like for none of that to happen.
00:23:51.000 Apparently, they're pushing for processes that make even the arrest of criminal, illegal immigrants, people arrested for state-level crimes, nearly impossible.
00:24:01.000 Well, if that's their goal, then they're going to snatch political defeat from the jaws of victory.
00:24:05.000 If they believe, like right now, they should simply claim victory on a political level.
00:24:09.000 They should say, we got the Trump administration to moderate.
00:24:12.000 We've gotten Greg Bavino out.
00:24:14.000 Tom Homan is a more responsible actor.
00:24:16.000 We thank the Trump administration for replacing an incompetent person with a more competent person.
00:24:21.000 We're looking forward to working with Tom Holman.
00:24:23.000 Everything calms down.
00:24:24.000 Everything goes back to status quo ante.
00:24:26.000 They claim a victory.
00:24:27.000 That's what they should do.
00:24:29.000 Instead, again, the minute right now that either party senses momentum, they put pedal to the metal and then they proceed to overreach so dramatically that the American people are repulsed and react and disgust to that agenda.
00:24:43.000 Now, listen, the Democratic politicians, I get it.
00:24:46.000 Some of them are being driven by a media and celebrity culture that has decided that this is the new gigantic outrage of the day and everyone must speak out.
00:24:54.000 This is our new civil rights movement.
00:24:56.000 As we've discussed before, the Democratic base is constantly in search of an animating principle.
00:25:02.000 And that animating principle is supposed to be a pale mockoff of the civil rights movement of the 60s.
00:25:06.000 And so we've had that with regard to gay rights.
00:25:08.000 And then we had that with regard to transgenderism.
00:25:10.000 And now we're getting that with regard to illegal immigration.
00:25:14.000 The jackbooted Dougs, they're enforcing laws that are discriminating against wide classes of people.
00:25:19.000 They're always looking for their moment to do a Selma bridge.
00:25:24.000 Well, the problem is that those moments are rare because thank God in America, that sort of stuff, that sort of policy has been rather otra for, you know, half a century, meaning that just in terms of generic public policy, every country has to enforce its border and every country has to make sure that illegal immigrants are deported.
00:25:46.000 There's nothing new about that.
00:25:48.000 But Democrats, and particularly radical activist class Democrats, are looking always for their new moment to be involved in a civil rights movement.
00:25:58.000 And what that means is that they push very hard.
00:26:00.000 The minute that they see anything that even remotely resembles that thing, they go for it, whole scale.
00:26:05.000 And this is how you end up with, for example, Scott Galloway suggesting that Democrats should conduct Nuremberg trials against law enforcement, federal law enforcement.
00:26:15.000 The difference between being right and being effective, and we're angry, and I get it, protesting is powerful.
00:26:21.000 Promising them that there will be an accountability.
00:26:24.000 And I've said this, I think there should be something equivalent to the Nuremberg trials.
00:26:27.000 Actually, this is all over.
00:26:29.000 I agree.
00:26:29.000 And to make it clear that once we're back in power, which we will be, this is going to happen.
00:26:34.000 And the statute of limitations on murder is never.
00:26:38.000 Okay, so, yeah, again, this sort of language is unhelpful.
00:26:42.000 I actually think Scott Galloway has a lot of interesting things to say.
00:26:45.000 This is not one of them.
00:26:46.000 Tara Swisher on the same podcast suggested that Stephen Miller has blood on his hands and should be put in jail.
00:26:52.000 And I would last like to call out Stephen Miller, who is in the center of this.
00:26:57.000 We always focus on Trump as we often focus on the top people.
00:27:01.000 But Stephen Miller, like a man named Ben Detsen, he was the one who created the internment cancer Japanese Heinrich Himmler in the Nazi regime.
00:27:11.000 This is what he is.
00:27:12.000 And of course, Trump gets the most of the blame being at the top.
00:27:18.000 But people like Stephen Miller will go down in history as evil that has blood on his hands and should be jailed at the very end of this.
00:27:28.000 And you're absolutely right.
00:27:30.000 Again, comparing Steven Miller to Heinrich Himmler is a pretty astonishing leap.
00:27:36.000 It's a pretty astonishing leap from Kara Swisher.
00:27:39.000 And you have the entire celebrity class who, of course, have now been reanimated.
00:27:42.000 They found their new cause.
00:27:43.000 A year ago, it was wearing the Hamas pins at the Oscars.
00:27:47.000 This year, presumably, it will all be about ICE.
00:27:50.000 Katy Perry, who is now dating Justin Trudeau, the handsome Bernie Sanders of the North.
00:27:57.000 Katy Perry was out there commenting on ICE.
00:28:01.000 She said, call your senator.
00:28:02.000 She put this up on Instagram.
00:28:04.000 We have until Friday, January 30th to block $10 billion from going through to ICE.
00:28:11.000 This is her Instagram, and then she put up a phone number and all the rest of it because it's time to turn anger into action.
00:28:16.000 Okay, meanwhile, Natalie Portman, again, I'm not sure why we should treat the musings of actors as particularly important, but they clearly do.
00:28:25.000 Natalie Portman suggested that she's never been sadder to be an American.
00:28:28.000 Now, last I checked, I'm not even sure that Natalie Portman chiefly resides in the United States.
00:28:36.000 I could not be prouder to be American right now by the way the Americans are acting.
00:28:42.000 And I could not be sadder to be American right now with the way the government is behaving.
00:28:47.000 Now, again, the musings of actors mean very little, but they do mean a lot in sort of Democratic upper echelon circles.
00:28:54.000 By the way, Natalie Portman does primarily reside in France, not in the United States.
00:28:58.000 Olivia Wilde was doing the same routine.
00:29:00.000 Here she was suggesting that ICE is a criminal organization.
00:29:05.000 We can't go another day just sort of accepting this as our new norm.
00:29:09.000 It's outrageous.
00:29:09.000 People are being murdered.
00:29:11.000 And I don't want to normalize seeing people being murdered on the internet on film.
00:29:17.000 It's hideous.
00:29:19.000 And so if we can do anything out here to support the movement to cast ICE out to delegitimize this unbelievably criminal organization, then that's what we should be doing.
00:29:35.000 The celebrity class doesn't mean a lot, but when they speak with one voice, the people who tend to hear that are the people they go to cocktail parties with.
00:29:41.000 And that would be the Democratic frontrunners.
00:29:43.000 That'd be people like Wes Moore in Maryland or people like Josh Hapiro in Pennsylvania or people like Gavin Newsom in California.
00:29:49.000 Ethan Hawk, who is currently nominated for best actor for a movie called Blue Moon, he says there's fear in the air.
00:29:55.000 I do.
00:29:57.000 Again, I'm sorry.
00:29:58.000 There isn't.
00:29:59.000 There just isn't.
00:30:00.000 There's this notion that there is an evanescent fear in the air.
00:30:04.000 That you're just walking around and you can feel the, I promise you, Ethan Hawk is not walking around in fear.
00:30:08.000 He isn't.
00:30:10.000 I never felt scared about what I was going to say until the last couple of years.
00:30:17.000 Where you feel like, oh, I have to be careful.
00:30:20.000 Or what?
00:30:21.000 I don't know, but there's a kind of fear in the air that I've never felt before.
00:30:26.000 And it's not America.
00:30:28.000 To get to be an artist in a free country, that's that I've had enough of an education to know what a privilege that is.
00:30:36.000 And I don't feel that way anymore.
00:30:39.000 Yes, you do.
00:30:40.000 Yes, you do.
00:30:41.000 You're out there making movies every day.
00:30:45.000 My favorite thing about modern America is where people who have all the rights and privileges of being a modern American suggest that they are living in deep fear when they clearly, clearly are not.
00:30:53.000 He's speaking into a microphone on camera.
00:30:56.000 You know what people in totalitarian regimes don't do?
00:30:58.000 That thing, because they know what comes next and it ain't good.
00:31:01.000 Democrats are, meanwhile, attempting to obstruct federal attempts to look into Minnesota state voter roles.
00:31:06.000 Now, I've never understood the controversy over transparency when it comes to voter roles.
00:31:11.000 Obviously, we all have a very strong interest in ensuring that people who are not registered to vote should not be on voter rolls, that we don't have duplications on voter roll, that we don't have people who are capable even of voting more than once.
00:31:23.000 And so the pushback has never made any sense to me at all.
00:31:26.000 According to the New York Times, after federal immigration agents shot and killed an American citizen in Minneapolis for the second time this month, Attorney General Pambondi sent a letter to Governor Tim Walz in Minnesota that outlined what she described as three simple steps to bring back law and order.
00:31:40.000 The third step there was to allow the Civil Rights Division of the Department of Justice to access voter rolls to confirm that Minnesota's voter registration practices comply with federal law.
00:31:49.000 Minnesota's Secretary of State, Steve Simon, a Democrat swiftly rejected the demand, calling it an outrageous attempt to coerce Minnesota into giving the federal government private data on millions of U.S. citizens in violation of state and federal law.
00:32:01.000 Now, I'm not sure why, presumably, that is violation of state and federal law.
00:32:07.000 I mean, there are addresses.
00:32:09.000 Those addresses are publicly available virtually all over the United States.
00:32:14.000 The complete unredacted voter files include personal identifying information like driver's license numbers and social security numbers.
00:32:22.000 The Justice Department presumably wants those files because they are attempting to clean up the voter rolls.
00:32:28.000 At least 11 states have already complied on all this.
00:32:31.000 Democrats are rejecting this.
00:32:33.000 Many of them are suggesting that they are worried about the laws preventing the transfer of private information.
00:32:41.000 By the way, I will note at this point that these same Democrats have no problem at all with the idea of a gigantic gun registry in which every gun that you buy goes on a gun registry, no matter if you buy it from a friend or buy it from a private seller or anything.
00:32:53.000 They're perfectly happy to register everyone's private information federally in terms of your gun ownership in violation of the Second Amendment, in all likelihood.
00:33:00.000 But when it comes to voting, this is where they're going to draw the line.
00:33:05.000 So do states have a right to withhold the data?
00:33:08.000 Totally unclear at this point, but they are very upset about it.
00:33:11.000 Tim Walz, for his part, is saying that he's not going to comply.
00:33:16.000 And one of the things we're always very proud of, we're either first or second in the country for voter turnout.
00:33:23.000 And we have the safest, most secure, most well-attended elections in the country, and we like to talk about that.
00:33:30.000 And what I can assure everyone in this country is we will break that record in November at this midterm.
00:33:37.000 Again, he is suggesting that this is all going to turn into a big vote for Democrats, obviously.
00:33:41.000 Ilhan Omar, for her part, representative from Minnesota, put out a statement, quote, ICE will leave Minnesota if you hand over your voter rolls, tells you everything you need to know.
00:33:49.000 This was never about immigration or fraud.
00:33:51.000 It was always about rigging elections.
00:33:52.000 I have a question.
00:33:53.000 How precisely would transparency in the voter rolls allow for the rigging of elections?
00:33:58.000 I'm going to need like an explainer.
00:34:03.000 How do you get from point A, voter rolls, to point B, rigging elections?
00:34:08.000 The answer is you don't.
00:34:10.000 It's all political nonsense.
00:34:13.000 Ilhan Omar, however, has been in a fair bit of political trouble because, of course, there are a bunch of investigations facing Ilhan Omar.
00:34:21.000 According to the Wall Street Journal, President Trump suggested in a social media post on Monday that Omar profited from the state's massive welfare fraud scandal and said that the Justice Department is currently scrutinizing her.
00:34:31.000 Representative James Comer of Kentucky, chairman of the House Oversight Committee, has also suggested that he might subpoena Omar's husband after the pair disclosed a significant increase in financial assets.
00:34:43.000 So Ilhan Omar, obviously, you know, listen, she's got a bunch of sketchy, sketchy circumstances surrounding her.
00:34:51.000 Omar's most recent financial disclosure from May 2025 showed that she and her husband have assets between $6 and $30 million, which are up from one year earlier when they reported between $37,000 and $208,000.
00:35:07.000 What now?
00:35:09.000 What?
00:35:10.000 I mean, that's NBA star-level pay for Ilhan Omar and her husband.
00:35:16.000 Omar's husband, the political consultant Tim Minott, is involved with a variety of businesses, including a venture capital management firm in Washington, D.C. and a winery in Santa Rosa, California.
00:35:25.000 Well, unless that is the most successful winery in history, I'm having a hard time seeing this.
00:35:30.000 It was the significant increase in the valuation of the capital management firm and winery that were the drivers of the couple's jump in assets.
00:35:38.000 Jacqueline Rogers, an Omar spokeswoman, said, quote, she does not have millions in the bank.
00:35:42.000 The value range listed for the assets reflects the full cost assessment of the businesses, in which her husband is one of several partners and does not reflect her husband's individual share.
00:35:51.000 Obviously, Ilhan Omar has been involved, again, in a wide variety of suspicious circumstances regarding her district.
00:36:01.000 The Washington Free Beacon, by the way, reports that the House Ethics Committee requires reporting only her husband's stake, not the full value of the LLCs.
00:36:10.000 That appears not to be true.
00:36:13.000 At the same time, apparently, there are more investigations coming.
00:36:17.000 According to Fox News's Elizabeth McDonald, it would be reasonable for the media to ask what is going on with Ilhan Omar's husband's winery.
00:36:25.000 Omar valued it at up to $5 million on her 2025 financial disclosures.
00:36:30.000 All we can find is that ESTECRU LLC was registered as an LLC in Santa Rosa, California.
00:36:36.000 We can't find a physical winery.
00:36:38.000 It had promoted wine products, but there's little evidence of a functioning winery today.
00:36:41.000 The business's website for purchasing wine doesn't work.
00:36:44.000 The listed phone number is disconnected.
00:36:45.000 Its social media has been inactive since early 2023.
00:36:49.000 The winery has also been tied to at least one investor lawsuit against her husband, his partner, and the winery, alleging misrepresentation of the business as a legitimate company, and that was reportedly settled.
00:37:00.000 One investor named Naeem Mode alleged they persuaded him to invest 300 grand in the winery based on promises and money would be tripled within 18 months with 10% monthly interest if it wasn't paid back on time.
00:37:11.000 Apparently, the $300,000 investment was returned about a month late.
00:37:15.000 None of the promised profits were delivered.
00:37:17.000 His complaint sought at least $780,000 in damages.
00:37:22.000 That is a massive jump in valuation.
00:37:25.000 So something is going on pretty clearly.
00:37:28.000 Now, obviously, Ilhan Omar is one of the more controversial political figures in the country, and for good reason, given her statements in support of a wide variety of enemies of the United States, up to and including an attempt before she was in Congress to write a letter, a sympathetic letter to a person on behalf of a person who tries to join ISIS.
00:37:48.000 Well, yesterday, there is a terrible circumstance at a town hall in Minneapolis where a man apparently got up.
00:37:56.000 This person appears to be a right-winger who obviously is, shall we say, less than hinged.
00:38:04.000 And he got up and he sprayed a substance at her.
00:38:06.000 Now, this stuff is really, really dangerous.
00:38:08.000 Again, it doesn't matter whether it's right or whether it's left.
00:38:10.000 Physical altercations with people on the basis of politics is not an American thing.
00:38:14.000 It is not.
00:38:15.000 Do not do this.
00:38:17.000 Okay.
00:38:17.000 And frankly, we're quite lucky as a country that this person was spraying a substance and not bullets.
00:38:24.000 The fact that we have politicians who are in close proximity with the population on a widespread level means that there is the opportunity in many open circumstances like this to do physical violence.
00:38:34.000 And this is a reminder of that.
00:38:35.000 It's dangerous stuff.
00:38:36.000 Here's some of the video.
00:38:39.000 And DHS Secretary Kristi Noem must resign or face impeachment.
00:38:53.000 Security tackled this person.
00:38:55.000 Apparently he was sitting up near the front.
00:38:57.000 For those who can't see, he sprayed something on her and then he was tackled.
00:39:03.000 He gets in very close proximity to her.
00:39:05.000 There's another angle.
00:39:06.000 And he appears to be spraying her and then he starts yelling at her.
00:39:14.000 By the way, piss poor job by security there.
00:39:15.000 Really, really bad job by security.
00:39:17.000 They only get him afterward.
00:39:18.000 As soon as the man gets up and starts walking toward Ilhanoma, they need to tackle him.
00:39:22.000 That is a bad job by the security team right there.
00:39:24.000 But again, we're living in a very fraught time.
00:39:27.000 A lot of dangerous people out there.
00:39:28.000 The suspect here sprayed something.
00:39:30.000 We don't know what that was, but again, we live in a world where it could have been an asset, it could have been a gun.
00:39:34.000 I mean, this is dangerous stuff.
00:39:36.000 It needs to stop.
00:39:37.000 It needs to stop.
00:39:38.000 I don't care about the politics.
00:39:39.000 It needs to stop.
00:39:40.000 It really does.
00:39:41.000 This is why we have voting in this country.
00:39:43.000 This is why we have checks and balances in this country.
00:39:45.000 This is why we have a free press in this country.
00:39:50.000 And we've had too many circumstances over the course of the past 15 years in which what was sprayed was not, in fact, a substance, a chemical substance or something, but was bullets, whether it is the congressional baseball shooting, which again has a kind of memory hold, or whether it is the murder of Charlie Kirk.
00:40:07.000 This stuff is unbelievably dangerous.
00:40:10.000 Okay, meanwhile, the president of the United States is signaling the possibility of action in Iran, given the fact that Iran appears to have mowed down some tens of thousands of protesters.
00:40:20.000 There are kind of widely varying estimates as to how many people the Iranian regime killed over the course of a couple of days amidst those gigantic protests across the country.
00:40:28.000 The low-end estimates put it in the thousands.
00:40:31.000 The high-end estimates are putting it well over 30,000.
00:40:34.000 There is footage of gigantic rooms of body bags.
00:40:38.000 There are reports that are coming out that are really ugly.
00:40:40.000 Obviously, full information is not available because Iran is a dictatorship and because they've shut down the internet for the past several weeks and plan on shutting it down for the next couple of months minimum.
00:40:51.000 Well, President Trump put up a post on Truth Social yesterday warning Iran that they were playing with fire.
00:40:57.000 Quote, a massive armada is heading to Iran.
00:40:59.000 It is moving quickly with great power, enthusiasm, and purpose.
00:41:02.000 It is a larger fleet headed by the great aircraft carrier Abraham Lincoln than that since Venezuela.
00:41:06.000 Like with Venezuela, it is ready, willing, and able to rapidly fulfill its mission with speed and violence if necessary.
00:41:11.000 Hopefully, Iran will quickly come to the table and negotiate a fair and equitable deal.
00:41:15.000 No nuclear weapons.
00:41:16.000 That is good for all parties.
00:41:18.000 It's truly of the essence.
00:41:18.000 Time is running out.
00:41:20.000 As I told Imran once before, make a deal.
00:41:21.000 They didn't.
00:41:22.000 And there was Operation Midnight Hammer, a major destruction of Iran.
00:41:24.000 The next attack will be far worse.
00:41:25.000 Don't make that happen again.
00:41:27.000 Thank you for your attention to this matter, President Donald J. Trump.
00:41:30.000 Now, there are some people out there who are suggesting this is quote unquote wag the dog, that the president is having domestic troubles and therefore he is attempting to launch a war action against Iran.
00:41:40.000 That's stupid.
00:41:40.000 I'm sorry, that's dumb.
00:41:42.000 He literally drew a red line.
00:41:46.000 The red line was don't kill protesters.
00:41:47.000 They proceeded to mow down protesters in the streets.
00:41:50.000 He said, stay in the streets.
00:41:51.000 Help is on the way.
00:41:52.000 That happened before the shootings in Minneapolis.
00:41:55.000 No, this is not a wag the dog scenario.
00:41:57.000 This is the president paying off the promise that he made to the Iranian people if he decides to act in any coherent and cohesive way here.
00:42:06.000 Now, as for the call for negotiations, frankly, I think that that is going to be unsuccessful.
00:42:11.000 The Iranians have demonstrated time and again, they have no intention of giving up their nuclear program, which is the thing that they need to do.
00:42:18.000 And by the way, even giving up their nuclear program wouldn't solve the problem of you just mowed down tens of thousands of your own citizens.
00:42:23.000 Those people aren't going to become alive again after the president promised them that help was on the way.
00:42:29.000 So it seems that action in Iran could quite possibly be imminent.
00:42:34.000 Again, you're going to hear the usual caterwauling from the usual Suspect about how America is about to be drawn into an Iraq-like war.
00:42:39.000 No, that's not going to happen.
00:42:41.000 Please stop with the horseshit.
00:42:43.000 Truthfully, it is an amazing thing to watch critics on the isolationist right keep characterizing Donald J. Trump as George W. Bush circa 2003.
00:42:52.000 It's nonsense.
00:42:53.000 It's just stupid.
00:42:55.000 You were wrong about the first Iran strike last year.
00:42:58.000 You were wrong about the killing of Qassem Solemani, the Iranian terror master.
00:43:02.000 You're wrong about the taking of Nicolas Maduro.
00:43:05.000 In fact, I'm hard-pressed to see where you have been right about President Trump's foreign policy a single time.
00:43:10.000 So, yeah, I'm going to take it with a bit of a grain of salt when you guys suggest that if the president chooses to deploy air power in order to do serious harm to the top levels of the regime, this is somehow going to descend the United States into hundreds of thousands of American troops standing around in Tehran.
00:43:27.000 Obviously, Iran is attempting to reconstitute some sort of regional power.
00:43:33.000 President Trump on Truth Social warned Iraq against the reinstallation of their former prime minister, who was effectively an Iranian cat's baw.
00:43:44.000 Obviously, Iraq is a very fractured country.
00:43:47.000 The Iraqi population is majority Shia, just like Iran.
00:43:50.000 It's about 60 to 65% of the population.
00:43:53.000 So Iran is closely aligned with Iraq.
00:43:56.000 That was one of the problems with the deposing of Saddam Hussein and the non-replacement of that regime by some sort of functioning government in the short term is the Shia uprising.
00:44:07.000 That was a huge problem.
00:44:08.000 Well, the president put out a statement the other day.
00:44:10.000 I'm hearing that the great country of Iraq might make a very bad choice by reinstalling Nouri al-Maliki as prime minister.
00:44:15.000 Last time Maliki was in power, the country descended into poverty and total chaos.
00:44:19.000 That should not be allowed to happen again because of his insane policies and ideologies.
00:44:22.000 If elected, the United States of America will no longer help Iraq.
00:44:25.000 And if we are not there to help, Iraq has zero chance of success, prosperity, or freedom, make Iraq great again.
00:44:31.000 And again, that seems to be, you know, a well-calibrated shot across the bow with regard to Iraq.
00:44:36.000 Not that we are going to take military action in Iraq, but that if Iraq is reliant on American resources or defense, them allying with Iran is a bad idea.
00:44:44.000 Now, all of this is part of a Middle East-wide recalibration that has happened in the aftermath of the 12-day war and the utter destruction of Iran's terror arms across the Middle East.
00:44:55.000 Mohammed bin Salman and the Saudi regime seem to be completely realigning away, actually, from the Abraham Accords, away from UAE, away from many of the interests of the United States, and toward a new sort of Sunni triangle that would essentially be Turkey, Pakistan, and Saudi Arabia.
00:45:13.000 In other words, the reason that Saudi was approaching Israel about the Abraham Accords a couple of years ago is because they were afraid of Iran.
00:45:19.000 Then Israel proceeded to wreck Iran and make clear that it was a paper tiger.
00:45:23.000 And now, apparently, what the Saudis are most afraid of, what they are most afraid of, is actual regime change in Iran, which is astonishing.
00:45:29.000 What they would prefer is a failed state in Iran led by a weakened malocracy that is incapable of threatening Saudi Arabia, but also is not a threat to become a functioning country.
00:45:40.000 That seems to be what the Saudis want.
00:45:41.000 What they are deeply afraid of is a secularist, pro-American, pro-Israel regime in Iran, or at least Israel-friendly regime in Iran that would recalibrate the math in the Middle East and make Saudi a secondary power because Iran, of course, has massive oil and natural gas resources.
00:45:56.000 Iran has a young population, a fairly secularized population.
00:46:02.000 And if it had a different leadership, a real chance at being a regional heavyweight.
00:46:07.000 Saudi doesn't like that.
00:46:08.000 So Saudi didn't like that Iran was a threat to it on the military level.
00:46:11.000 And so they liked it when the United States and Israel struck at Iran.
00:46:15.000 But now that Iran has been laid flat, what they would really prefer is for Iran to remain there rather than being able to recover as a functioning solidified state.
00:46:24.000 And so Saudi instead seems to be making time with the Turks.
00:46:28.000 The Turkish government, by the way, again, one of the major blunders, I believe, of the Trump administration and Tom Barak, the U.S. ambassadors to Turkey, is the attempt to treat Turkey as an erstwhile ally of the United States.
00:46:38.000 They absolutely 100% are not.
00:46:40.000 There is no evidence that the Islamist government of Rasiptayb Erdogan, who, again, has supported Hamas terrorists in thoroughgoing fashion, that they have the best interests of the West at heart.
00:46:51.000 The fact is that Turkey never should have been brought alongside NATO.
00:46:53.000 The only reason it was is a counterweight to Russia.
00:46:56.000 And it is for that reason, with regard to Saudi Arabia, that yesterday, Mohammed bin Salman actually told Iran he will not allow the use of Saudi airspace for any strike against Iran.
00:47:05.000 Well, I mean, let's be real about this.
00:47:06.000 He ain't stopping no one.
00:47:07.000 Okay, Mohammed bin Salman may have to say that for public relations purposes.
00:47:11.000 If the United States chooses to use Saudi airspace, the Saudis ain't exactly going to be trying to shoot down American F-16s.
00:47:17.000 That's silly talk.
00:47:18.000 But, and he's trying to counter signal.
00:47:21.000 He's trying to signal at his young and very, very unemployed population that he is not taking sides with the United States against the malocracy.
00:47:30.000 That is what is happening with regard to Saudi Arabia.
00:47:33.000 It's kind of tragic because Saudi, I thought, had a shot at modernization, but the more they draw into the orbit of Turkey, the more they alienate the West, the more they try to stop the burgeoning peace that could be happening in the Middle East, the worse things are going to get for the Saudi regime in the short term and in the midterm.
00:47:51.000 Meanwhile, on the economic front, the big news of the day is that Amazon is prepared to lay off around 16,000 corporate employees.
00:47:59.000 According to the Wall Street Journal, the first round of cuts in October led to around 14,000 white-collar employees receiving ping slips.
00:48:05.000 At the time, people familiar with Amazon's plans said the company was targeting around 30,000 job cuts.
00:48:10.000 That's 10% of the corporate workforce.
00:48:13.000 One of the reasons for this is the effectiveness of AI.
00:48:17.000 On Tuesday, Amazon said it was shutting down its fresh and go grocery stores after deciding to expand its focus on whole foods and same-day deliveries of fresh food from warehouses.
00:48:27.000 So everybody who's working for the fresh and go businesses will be laid off.
00:48:32.000 There was sort of a recalibration of how the company was working during the pandemic when there was rapid expansion and everybody was ordering to their house.
00:48:38.000 And now, obviously, the market has changed again.
00:48:42.000 But AI obviously means that a lot of employees become expendable.
00:48:45.000 And this is one of the temporary hiccups that is going to emerge from AI.
00:48:50.000 AI will make the economy significantly more productive.
00:48:53.000 Productivity is going to go up radically, but you're going to require fewer employees to do the same work.
00:48:59.000 And it's going to take a little while for the job market to adjust to all of that, which presumably is one reason why there is a piece today in the Wall Street Journal by David Malpass.
00:49:09.000 Malpass is the, he was the Undersecretary of the Treasury under President Trump and president of the World Bank.
00:49:16.000 And Malpass points out that the Federal Reserve should really have one mandate and one mandate only.
00:49:22.000 So the Federal Reserve has a dual mandate to keep unemployment low and to keep inflation low.
00:49:26.000 I've been arguing for literally years that this is stupid.
00:49:29.000 Those two mandates are very often in conflict with one another.
00:49:33.000 Because sometimes in order to keep the inflation low, you actually have to worry less about job creation.
00:49:42.000 You have to worry more about monetary policy.
00:49:45.000 Malpass says in his Davos speech last week, President Trump asked why the interest rate is so much higher on U.S. Treasury debt than on bonds of weaker countries.
00:49:52.000 Good question.
00:49:53.000 The U.S. economy is strong.
00:49:54.000 The default risk is low, so why the higher yield?
00:49:56.000 For 10-year debt, we are paying 4.2%.
00:49:58.000 Japan pays 2.3%.
00:50:00.000 One reason for the high long-term rates is the still high short-term interest rate.
00:50:04.000 The Federal Reserve sets the short-term rate, but its models use backward-looking inflation data and treat growth as inflationary, leaving rates too high.
00:50:10.000 But cutting short-term rates without reforming the Fed's economic models risks higher long-term rates and a sell-off in the dollar.
00:50:16.000 After the Fed cut rates by half a percentage point in September 2024, long-term yields went up by 0.5 points, not down.
00:50:24.000 Markets were agassed at the political timing of the rate cut.
00:50:28.000 Sweeping reforms in the Fed's economic models to defend the dollar offer a straightforward path to lower interest rates across the yield curve, short-term and long-term.
00:50:36.000 The Fed's models ignore the effects of dollar weakness on inflation and interest rates and treat faster growth as a cause of inflation, says Malpass.
00:50:43.000 Already, many at the Fed argue U.S. growth is too fast and unemployment too low for the Fed to cut rates.
00:50:48.000 In Davos, the president trashed this illogic.
00:50:51.000 If a country is doing well, why is it bad news for financial markets?
00:50:54.000 And why does the Fed set its rate higher, not lower?
00:50:57.000 Sound money and a stable dollar are at the core of the supply-side model of booming economic growth.
00:51:03.000 While the Fed wants to focus attention on its independence, the problem is the Fed's anti-growth models undercut the dollar and keep interest rates and bond yields high.
00:51:12.000 So, essentially, the basic idea here should be monetary stability, not worries about job markets heating up or cooling down.
00:51:21.000 Defend the dollar, in other words.
00:51:24.000 So, he makes the case that the Fed's monetary policy, backward-looking inflation targeting, non-accelerating rate of unemployment limits to growth, they take direct aim at supply-side policies to boost energy production, cut tax rates, and improve regulation.
00:51:38.000 The models set a ceiling on the growth rate and a floor on the unemployment rate.
00:51:42.000 And this is exactly right.
00:51:43.000 This is exactly right because those two things are not always connected.
00:51:48.000 The idea that economic growth is inherently connected to job growth, that's true, kind of, over the long term, but they are not necessarily connected in the short term.
00:51:57.000 So, defending the dollar is a good thing, it is a necessary thing.
00:52:02.000 So, he says U.S. bond yields and mortgage rates could be substantially lower if U.S. policy defended the dollar and strengthened market confidence and trust.
00:52:10.000 The path is easily available to Mr. Trump by stating his administration wants the dollar to be stable, not weak.
00:52:15.000 That would cause more global investment in dollar-denominated assets, including stable coins, an economic home run.
00:52:21.000 It would also reverse the Biden administration's weakness, a political home run, and it would allow markets to help the Fed decide to lower the short-term rate.
00:52:27.000 That's right, because what the Fed is worried about right now is dollar instability.
00:52:31.000 The dollar is worth less on the open market, and they don't want to inflate the dollar.
00:52:36.000 So, again, that seems to be the right answer on all of this.
00:52:40.000 We'll see whether the Trump administration follows suit.
00:52:43.000 Well, today we also have a couple of Maha updates for you: the Make America Healthy again updates for you brought to you by our friends over at Balance of Nature.
00:52:53.000 Well, there are a couple of them.
00:52:54.000 One is that apparently the Trump administration has decided not to increase Medicare reimbursement rates to the insurers.
00:53:02.000 It'll be interesting to see how this plays in terms of coverage for older people who are reliant on Medicare.
00:53:08.000 One of the biggest problems, obviously, is that when you subsidize Medicare and you keep increasing the reimbursement rates, that costs the taxpayers.
00:53:14.000 On the other hand, when you don't increase those rates, then the insurers are unable to absorb the costs because it turns out that people who are older require a lot of medication and a lot of care.
00:53:24.000 And so, you may see some menu options drop off of Medicare because of the lower reimbursement rates.
00:53:30.000 This is presumably also why you saw shares drop for United Health Group and also Humana and CPS Health.
00:53:36.000 Apparently, $96 billion in market capitalization was wiped out on Tuesday.
00:53:41.000 According to the Wall Street Journal, the proposal dealt a blow to insurance companies that have been pushing to turn around a business that's central to their finances and hopes for growth.
00:53:48.000 Medicare Advantage, that is the private insurer version of the federal program for oldered and disabled Americans, generated an estimated $500 billion in revenue for the industry as a whole last year.
00:53:59.000 Such revenue was a long key driver of growth and profits until the fact that the Medicare reimbursement rates went down.
00:54:07.000 So the industry is likely to go to a playbook where they pull back some offerings, trim extra benefits like cash cards used for health expenses and offer plan designs with more cost controls.
00:54:21.000 So, again, fascinating to see how the administration is trying to bend the cost curve.
00:54:26.000 One of the realities of a government-run system, which is what Medicare effectively is, is that you can choose between a few things.
00:54:33.000 You can choose between quality, you can choose between universality, you can choose between cost.
00:54:37.000 You can't have all three of those things.
00:54:39.000 You can have low cost, universality, and quality.
00:54:42.000 It doesn't work that way.
00:54:44.000 In the free market, by the way, you can have near universality, low cost, and high quality.
00:54:49.000 That is the guarantee of the free market.
00:54:51.000 In the non-free market, you end up with universality, but typically higher cost and also poorer quality.
00:54:58.000 That is the typical.
00:54:59.000 And it seems that Medicare is moving in that direction.
00:55:03.000 The notion that insurance companies, by the way, are simply ripping off the federal government with regard to Medicare, that is generally untrue.
00:55:11.000 The profit margins for these insurance companies is not all of that high.
00:55:14.000 Well, in other maha news, apparently, Barry Weiss over at CBS News is planning to bring on board Andrew Huberman, who has a huge health podcast, which is really listenable.
00:55:25.000 This, of course, is driving some people absolutely up a wall.
00:55:29.000 Weiss apparently is going to announce a host of new contributors to the network.
00:55:34.000 That includes Andrew Huberman, who currently has 7.3 million subscribers on YouTube.
00:55:39.000 He pushes high protein consumption, among other things, and elevated cortisol levels in the mornings.
00:55:44.000 He obviously has this entire schedule where you get up in the morning, you go out and you spend 15 minutes in the sun, and all the rest.
00:55:50.000 Naturally, there are some people who are upset with Huberman because anytime you popularize science, you are very frequently going to make a mistake or you're going to simplify beyond the actual studies.
00:56:01.000 However, what Barry is attempting to do by bringing on board people who actually have some level of talent and followership is smart.
00:56:12.000 It is smart, what she is attempting to do.
00:56:14.000 And I know a lot of people are angry that Barry is even there, and that is clearly evident from the coverage.
00:56:19.000 How dare she upend all of the amazing systems at CBS News?
00:56:24.000 Well, I mean, you could hardly have done worse at CBS News, and Barry seems to be shaking things up in some pretty interesting ways.
00:56:29.000 This New Year's, by the way, lock in 50% off for one year when you subscribe to the whole health system supplements as a preferred customer at Balance of Nature.
00:56:36.000 Head on over to balanceofnature.com.
00:56:38.000 All righty, coming up, we'll get into an announcement from Yale that is quite fascinating, actually.
00:56:44.000 The show continues for our members right now.
00:56:45.000 Remember, in order to watch, you have to be a member.
00:56:47.000 If you're not a member, become a member, use code Shapiro at checkout for two months free on all annual plans.
00:56:51.000 Click that link in the description and join us.
00:56:55.000 What was it like, Marlon, to be alone with God?
00:57:04.000 Is that who you think I was alone with?
00:57:10.000 Martin, I knew your father.
00:57:12.000 I am yet convinced that he was not of this world.
00:57:18.000 All men know of the great Taliesi.
00:57:21.000 You are my father.
00:57:22.000 The gods should war for my soul.
00:57:25.000 Princess Garris, savior of our people.
00:57:31.000 I know what the bull got offered you.
00:57:34.000 I was offered the same.
00:57:35.000 And there is a new part of work in the world.
00:57:39.000 I've seen it.
00:57:41.000 A god who sacrifices what he loves for us.
00:57:44.000 We are each given only one life, Singer.
00:57:47.000 No.
00:57:48.000 We're given another.
00:57:52.000 I learned of Yazoo the Christ, and I have become his follower.
00:57:56.000 He's waiting on a miracle, and I think you can give him one.
00:57:59.000 Trust in Yezu.
00:58:01.000 He is the only hope for men like us.
00:58:03.000 Fate of Britain never rests in the hands of the Great Life.
00:58:06.000 Great light, great darkness.
00:58:09.000 Such things mattered to me then.
00:58:12.000 What matters to you now, Mistress of Lies?
00:58:16.000 You, nephew.
00:58:20.000 The sword of a high king.
00:58:24.000 How many lives must be lost before you accept the power you were born to wield?
00:58:32.000 So clinging to the promises of a god who has abandoned you.
00:58:35.000 I cannot take up that sword again.
00:58:38.000 You know what you must do.
00:58:41.000 Greenlight, forgive me.