The Ben Shapiro Show - Elizabeth Warren vs. Elon Musk | Ep. 1621

00:00:00.000 A new GDP report looks surprisingly good, and Democrats celebrate.

00:00:03.000 CNN begins laying off large numbers of employees, and the left continues its crusade to destroy Elon Musk.

00:00:08.000 I'm Ben Shapiro.

00:00:09.000 This is The Ben Shapiro Show.

00:00:10.000 The Ben Shapiro Show is sponsored by ExpressVPN.

00:00:18.000 Protect your online privacy today at expressvpn.com slash Ben.

00:00:21.000 We'll get to all the news in just one moment.

00:00:23.000 First, there is no reason to give outsized amounts of money to Verizon, AT&T, or T-Mobile.

00:00:27.000 You're paying over 80 bucks a month for wireless services when you can get the same exact service on the same exact network at Pure Talk for half the price.

00:00:33.000 With PeerTalk, you can get talk, text, and data that's just as fast for $30 a month.

00:00:37.000 Those other guys, they're making you pay thousands for retail stores that you don't go to, perks you don't use, massive profits to keep their shareholders happy.

00:00:44.000 PeerTalk is worried about keeping you happy and giving you a price that keeps you happy.

00:00:47.000 This is why they're invested in a U.S.-based customer service team.

00:00:49.000 It's also why they give you so many more data options, because why would they charge you for data you don't need?

00:00:54.000 I switched over to PeerTalk because I like supporting veteran-owned U.S.-based companies that have my best interests at heart.

00:00:58.000 It took me less than 10 minutes to make the switch.

00:01:00.000 I'm saving a lot of money.

00:01:02.000 You will too.

00:01:02.000 Go to PeerTalk.com.

00:01:03.000 Enter code SHAPIRO.

00:01:04.000 Save 50% off your very first month of coverage.

00:01:06.000 That's PeerTalk.com.

00:01:07.000 Promo code SHAPIRO for 50% off your very first month of coverage.

00:01:11.000 Again, you're paying a lot of big companies that don't particularly like your politics when you could be paying a lot less money to a company that actually doesn't hate you.

00:01:16.000 That's PeerTalk.com.

00:01:17.000 Use promo code SHAPIRO for 50% off your first month for a phone plan that's going to work well for you at a price that you actually want to pay.

00:01:24.000 Also, It's the giving season and that means it's time to give a great gift to mom, to your wife, your girlfriend, your sister.

00:01:32.000 Let me tell you the best gift that you can give to a lady this season.

00:01:36.000 The best gift is pearls from the Pearl Source.

00:01:38.000 At the Pearl Source, you get the highest quality pearl jewelry up to 70% off retail prices.

00:01:41.000 You cut out the middleman.

00:01:43.000 Because PearlSource eliminates crazy jewelry store markups and sells directly to you, the consumer.

00:01:48.000 Shop the PearlSource from the comfort of your home.

00:01:49.000 You'll find the largest selection of pearls available anywhere.

00:01:51.000 Each piece is custom-made specifically for you.

00:01:53.000 With the holidays coming up, now is the time to start shopping.

00:01:56.000 Don't wait until it's too late.

00:01:57.000 The PearlSource offers fast and free two-day shipping on every single order.

00:02:00.000 Your order will come prepackaged in a beautiful jewelry box ready to be given.

00:02:04.000 If you're not sure if she'll like the gift, the Pearl Source comes with a no-hassle 60-day money-back guarantee with free return shipping, so it is risk-free.

00:02:09.000 I've been doing it for 25 years.

00:02:11.000 Nearly 20,000 five-star reviews.

00:02:13.000 When you're shopping with the Pearl Source, you know you're shopping with a trusted company.

00:02:15.000 By the way, I know the family that runs the company.

00:02:17.000 Fantastic, fantastic family.

00:02:18.000 The product is beautiful.

00:02:19.000 I've gotten pearls for my wife.

00:02:20.000 I've gotten pearls For my daughter, this holiday, give the gift of beautiful pearl jewelry that can be passed down generation to generation for a limited time.

00:02:27.000 My listeners can take 20% off your entire order.

00:02:29.000 Don't wait until it's too late to do your holiday shopping.

00:02:31.000 Head on over to ThePearlSource.com slash Ben.

00:02:33.000 Enter promo code Ben at checkout for 20% off your entire order.

00:02:36.000 That's ThePearlSource.com slash Ben.

00:02:38.000 Enter promo code Ben at checkout.

00:02:40.000 You want fine pearl jewelry at the best prices online?

00:02:42.000 Go straight to the source, The Pearl Source.

00:02:44.000 Well, there was some good news for the Biden administration and actually for the country yesterday.

00:02:48.000 It turns out that the GDP numbers from the third quarter were revised up.

00:02:52.000 According to Market Watch, the economy grew at an annual 2.9% pace in the third quarter.

00:02:56.000 Updated figures show the U.S.

00:02:57.000 is on track to expand again in the waning months of 2022, despite growing worries of recession.

00:03:02.000 GDP, the official scorecard for the economy, was revised up from a 2.6% rate of growth in the preliminary reading issued last month.

00:03:08.000 GDP had actually shrunk in the first two quarters of the year, which is the technical definition of a recession.

00:03:12.000 But we were told by the left, We can no longer use that definition of a recession because after all, there was a midterm election to worry about.

00:03:18.000 Well, we had a recession in the first part of the year, technically speaking, and now we don't.

00:03:22.000 We had a third quarter that had 2.9% annualized growth, which is a decent number.

00:03:26.000 And then in fourth quarter, we're still waiting to hear what's going to happen.

00:03:29.000 Now, a lot of people are out there celebrating today.

00:03:32.000 A lot of people suggesting that basically the recession has now been escaped.

00:03:36.000 We are doing fine.

00:03:37.000 All will be well.

00:03:38.000 Joe Biden has handled this thing beautifully, and so has the Federal Reserve.

00:03:41.000 Karine Jean-Pierre, world's most untalented press secretary, yesterday she suggested we are not in a recession and there will be no recession.

00:03:46.000 Instead, we are in what they call a transition, which is their word for there's probably going to be a recession, but we're going to pretend it's not a recession.

00:03:53.000 The 700,000 manufacturing jobs that have been created in this president's administration because of the work that he's done.

00:04:01.000 And so now what we're seeing, and you've heard us talk about this, is we're seeing an economy that's going into a transition to more stable and steady growth.

00:04:10.000 So we do not foresee a recession.

00:04:14.000 The data that I just laid out that we have seen the last couple months does not show a recession.

00:04:22.000 Okay, so she's saying it.

00:04:23.000 So are some of the financial commentators over at CNBC.

00:04:26.000 Rick Santelli was saying, maybe there won't be a recession.

00:04:28.000 They looked at that revised number upward, 2.9% as opposed to 2.6%.

00:04:32.000 And the early celebration began over at CNBC.

00:04:34.000 So here's what some of the commentators had to say.

00:04:36.000 Santelli isn't saying this, by the way, because he's a Biden ally.

00:04:38.000 Santelli is not a Biden ally.

00:04:40.000 Yes, we have our second look at third quarter GDP.

00:04:45.000 Our last look was up 2.6.

00:04:48.000 Boy, we zoomed up to 2.9 percent, added three-tenths, very unusual, up 2.9.

00:04:54.000 On the consumption side, we improved by three-tenths from 1.4 up to 1.7.

00:05:01.000 Okay, so the question is where the economy goes from here.

00:05:04.000 Is this the actual beginning of a soft landing that has been foreseen by some people at the Federal Reserve?

00:05:09.000 Or is this what we would call a false spring?

00:05:12.000 Essentially, is this a false look at an optimistic economy?

00:05:16.000 And then we're about to start to really slow down in a serious way.

00:05:19.000 So there's some bad indicators in the data.

00:05:22.000 Even buried in that 2.9% figure, according to Market Watch, the main engine of the economy, consumer spending, increased at a solid 1.7% annual clip in the third quarter, the government said.

00:05:30.000 Previously, that increase was put at a softer 1.4%.

00:05:32.000 Now that, of course, is linked to inflation.

00:05:34.000 People still have a lot of money in their pocket because the government spent so much money over the course of the last couple of years and the Federal Reserve decided to inflate the currency over the course of the last couple of years before Basically slamming on the brakes.

00:05:46.000 Business spending was weak.

00:05:47.000 Okay, so the question is, what exactly drove that GDP number?

00:05:50.000 So to understand what drove the GDP number, you have to look at the generalized GDP formula, the gross domestic product.

00:05:54.000 Gross domestic product is a very, very rough estimate of what the economy is doing because it's largely based on spending.

00:06:02.000 So if you spend dollars in the American economy, that is considered a contribution to GDP.

00:06:06.000 If you take those dollars and you put them in the bank, then that is not really considered a contribution to GDP.

00:06:13.000 So GDP is calculated by looking at private consumption spending, plus investments, you put your money in the stock market, plus government spending.

00:06:20.000 So GDP really favors a Keynesian approach to government.

00:06:23.000 Throw a lot of money into the hopper.

00:06:24.000 So whenever the Biden administration throws a lot of money out there, government spending, that increases the GDP stat plus the trade deficit.

00:06:30.000 So exports minus imports.

00:06:32.000 So the big driver here is exports minus imports.

00:06:35.000 And the reason for that is because while the U.S.

00:06:36.000 economy has been wildly inflated, The truth is that the dollar versus other currencies is actually doing better because people have more faith in the future of the American economy than they do in, say, the European economy or in the Asian economy for very good reasons.

00:06:48.000 Europe's economies are all reliant on a declining demographic with heavy regulation.

00:06:53.000 Their industries are not nearly as innovative as the United States.

00:06:56.000 The United States, in other words, is still the best bet on the block.

00:06:58.000 And because of that, that means that people are buying a lot of American product right now.

00:07:02.000 And we are not buying as much product from outside the United States because of shipping Lines and supply chain problems.

00:07:09.000 So that trade deficit was reduced radically in the third quarter.

00:07:13.000 And what that means that the GDP stat is a little bit artificially boosted.

00:07:17.000 Business investment, as we say, is in fact slowing.

00:07:20.000 Corporate profits actually fell 1.1% in the third quarter.

00:07:22.000 Adjusted pre-tax earnings declined to an annualized 2.97 trillion.

00:07:27.000 The largest contribution to growth in the third quarter came from that huge drop in the trade deficit.

00:07:31.000 The broader economy's performance was less stellar, according to MarketWatch.

00:07:35.000 So there are a lot of people, I think, who are preemptively celebrating what's going on with the economy.

00:07:38.000 All I would say is some caution is in order.

00:07:41.000 That's not stopping, by the way, the Federal Reserve.

00:07:44.000 from slowing its role in terms of increasing interest rates, nor is it stopping the Biden administration from spending oodles of money that we simply do not have.

00:07:51.000 So Jerome Powell has already signaled that the Fed is prepared to slow its rate rise pace in December, and that led to a big rebound in the stock market yesterday.

00:07:59.000 It actually took the stock market out of bear market territory for the year, and then in the futures trading this morning, the stock market started to dump a little bit again.

00:08:07.000 Federal Reserve Chair Jerome Powell on Wednesday, he provided a clear signal that the central bank is on track to raise interest rates by only half a percentage point at its next meeting.

00:08:16.000 There was some expectation that he might have gone 0.75 points again to just slam those breaks on particularly hard.

00:08:21.000 But if he's going 0.5 points, then the idea here would be That the economy is settling down, that the inflation is beginning to come down in a real and market way.

00:08:28.000 Powell in a speech on Wednesday said an overheated labor market needed to cool more for the Fed to be confident inflation would decline toward its 2% goal.

00:08:34.000 Because the Fed had raised rates rapidly and it takes time for those moves to influence the economy, it would make sense for officials to slow the rate increases, he said at an event at the Brookings Institution.

00:08:42.000 He said the time for moderating the pace of rate increases may come as soon as the December meeting.

00:08:48.000 Investors had been eager for evidence the central bank would slow its pace of rate rises.

00:08:52.000 Markets rallied as soon as Powell said this sort of stuff.

00:08:54.000 As I said before, it is a bad sign for any sort of industrialized economy when the word of one person getting up and saying a thing can shift the markets by 7, 8, 900 points.

00:09:02.000 That is not a good thing.

00:09:04.000 The Dow Jones Industrial Average rose 735 points, enough to put the index back in a bull market defined as a 20% rise from a recent low.

00:09:11.000 Powell suggested Fed officials were moving into a new phase of policy tightening in which they would try to judge just how high rates needed to rise.

00:09:16.000 And my colleagues and I do not want to over tighten because cutting rates is not something that we actually want to have to do soon.

00:09:21.000 So we're slowing down.

00:09:22.000 We're going to try to find our way to what that right level is.

00:09:24.000 So instead of slamming on the brakes, the idea is we're going to ease the brakes.

00:09:27.000 Now, the problem is we actually don't know whether the breaks being slammed on so far is going to have the impact on inflation that Powell thinks that apparently it will.

00:09:35.000 It's a little bit early to tell.

00:09:36.000 And so what you could have is a prolonged period of sort of high level, but not extraordinary inflation.

00:09:42.000 I mean, you could have not the sort of 7, 8, 9 percent inflation that we've been seeing over the past months, year over year.

00:09:48.000 You could be seeing 6, 5% inflation over the coming year or so.

00:09:53.000 That's still really bad.

00:09:54.000 5% inflation is a bad number.

00:09:56.000 The Federal Reserve's target rate is 2%.

00:09:57.000 So you could be doing 250% of that.

00:10:01.000 And they would still be declaring that a success.

00:10:04.000 Which suggests to me that there's still some pain on the horizon here.

00:10:08.000 Powell reviewed signs of progress on the inflation fight, including a slowdown in interest rate sensitive sectors of the economy like housing and improving supply chain conditions.

00:10:14.000 But he said declines in rents and goods prices might be insufficient.

00:10:18.000 If firms don't also slow their hiring to bring the strong demand for labor into better balance with a shortfall in the supply of workers, labor demand has eased a little bit in recent months.

00:10:25.000 Job openings totaled a seasonally adjusted 10.3 million in October, according to the Labor Department.

00:10:30.000 That was down from 10.7 million in September, far exceeded the 6.1 million unemployed people who are seeking work in October.

00:10:36.000 So there's still a ton of people who are seeking workers, again, because consumption is outpacing supply right now, which is one of the contributors to inflation.

00:10:44.000 And so it seems as though it's a little bit early, frankly, for the Federal Reserve to be easing off of its talk about raising the interest rate.

00:10:53.000 It seems like they should be forecasting actually more pain than they are, but they're going real easy on all of this.

00:10:59.000 Again, none of this is stopping the Biden administration from trying to inject even more money into the economy, which is going to create upward pressure on that inflation rate again, and maybe mean that Jerome Powell, by easing off the brakes a little bit, is going to have to slam the brakes on again in the near future.

00:11:14.000 According to the Wall Street Journal editorial board, the Federal Reserve's loose monetary policies fueled housing inflation.

00:11:19.000 Now rising mortgage interest rates are pricing out buyers.

00:11:21.000 So the Biden administration doesn't want to deal with the impact of that.

00:11:24.000 Now they are guaranteeing million-dollar mortgages will expand taxpayer liability and the housing market dysfunction.

00:11:29.000 Congress created government-sponsored enterprises like Fannie Mae and Freddie Mac to guarantee middle-class mortgages and make housing more affordable.

00:11:35.000 Now the administration is turning a government-backed mortgage into an entitlement for the affluent in coastal areas where zoning regulations drive up prices.

00:11:41.000 The Federal Housing Finance Agency, FHFA, said Tuesday it's going to increase the maximum size of mortgages Fannie and Freddie will cover, known as the conforming loan limit, to almost $1.1 million in high-cost areas from $970,000 this year and $765,000 in 2020.

00:11:57.000 The conforming loan limit in other areas will rise to $726,000 from $510,000 two years ago.

00:12:02.000 So that means the federal government is now essentially going to subsidize your mortgage at the same time that we are trying to actually increase the interest rates on mortgages to get the economy to stop inflating.

00:12:13.000 So the Biden administration does not actually want the consequences of a slowing economy that are necessary because of those vast inflation rates that we've seen over the course of the last couple of years.

00:12:23.000 According to the Wall Street Journal, new home construction is falling, which could weigh on the economy as housing helps drive demand for household goods.

00:12:30.000 But a correction is overdue and would prevent a housing mania that ended up in tears in 2008.

00:12:34.000 Instead, the administration wants to prop up housing demand and prices by raising the guarantee limit.

00:12:39.000 This will please realtors and the affluent, especially in California areas where the median home price exceeds the new limit, like Orange County, San Francisco and San Jose.

00:12:47.000 Sorry to state the obvious, says the Wall Street Journal, but anybody who can qualify for a million-dollar mortgage does not need the government to subsidize it with a guarantee.

00:12:53.000 The average 30-year interest rate on a jumbo loan is 6.8%, which is similar to a government-backed mortgage.

00:12:58.000 Borrowers with jumbo loans tend to have higher incomes and credit scores, but these mortgages are getting riskier because borrower monthly payments have risen faster than income.

00:13:05.000 So now, basically, you have the government stepping in and subsidizing high housing prices.

00:13:10.000 And none of this is particularly beneficial to the long-term status of the American economy.

00:13:15.000 And again, there are a lot of There are a lot of countervailing signs that the economy is not doing all as well as the Biden administration is touting right now.

00:13:23.000 For example, according to the Wall Street Journal, U.S.

00:13:25.000 economic growth actually slowed this fall, according to the Fed's Beige Book.

00:13:29.000 Businesses expressed greater uncertainty and increased pessimism for the U.S.

00:13:32.000 economy as prices and interest rates continued to rise, according to the Central Bank's latest compilation of economic anecdotes from around the country.

00:13:38.000 That's what's known as the Beige Book.

00:13:39.000 U.S.

00:13:40.000 economic activity was about, flat, or up slightly compared with a moderate average pace of growth cited in the prior report.

00:13:45.000 The Fed said five districts reported slight or modest gains in activity.

00:13:48.000 The other seven experienced no change or slight to modest declines in activity.

00:13:52.000 Improving supply chains and weakening demand lead to a slowing pace of price increases.

00:13:57.000 Consumers also increasingly sought discounts, according to the report.

00:14:00.000 Rising interest rates were weighing on spending, especially for big ticket items like cars and homes as well.

00:14:06.000 So what this looks more like to me than anything else is a bit of a false spring here in the economy.

00:14:12.000 And that should lead everybody to be pretty cautious about what they are doing in terms of government spending.

00:14:17.000 That's not stopping Congress from talking about another omnibus spending bill before the end of the year.

00:14:22.000 This is unacceptable.

00:14:23.000 Now, are Republicans in a position to actually stop the omnibus spending bill?

00:14:28.000 It's going to be a debate inside the Republican caucus right now.

00:14:31.000 Mitch McConnell, the Senate Minority Leader, his tendency is to basically punt this thing, you would think.

00:14:37.000 Because the idea here is, OK, you let the Democrats pass it and they own it.

00:14:42.000 We won't filibuster it.

00:14:43.000 We'll just let the Democrats do it.

00:14:44.000 And then they own the consequences of that.

00:14:47.000 And they're going to spend the money anyway.

00:14:48.000 According to The Hill, Senate conservatives on Wednesday sent a letter to McConnell urging him to skip a year-end omnibus spending package and instead insist on a short-term stopgap funding measure to punt spending negotiations into next year when Republicans will control the House.

00:15:00.000 Those Senate conservatives said we believe it would be both imprudent and a reflection of poor leadership for Republicans to ignore the will of the American people and rubber stamp an omnibus spending bill that funds 10 more months of Joe Biden's agenda without any check on his reckless policies that have led to a 40-year high in inflation.

00:15:14.000 The Senators wrote the Republicans must not accept anything other than a short-term continuing resolution that funds the federal government until shortly after the 118th Congress is sworn in.

00:15:23.000 Republicans will control a small House majority next year that does give them some leverage over top-line spending numbers on the omnibus package, as well as whether to include earmarks in the legislation.

00:15:33.000 Senators Scott, Lee, Cruz, and Braun argued any stopgap spending measure to fund the government until January or February should not include any add-ons either.

00:15:41.000 McConnell told reporters on Tuesday morning there was widespread agreement at a White House meeting between Biden and congressional leaders on the need to pass the omnibus.

00:15:47.000 He said, I think there's widespread agreement we'd be better off with an omnibus than a continuing resolution, but there are significant hurdles to get over to do that.

00:15:52.000 And then he sort of softened his comments after a meeting with other Republicans.

00:15:56.000 He said, we had a robust discussion at lunch.

00:15:58.000 This will continue in the coming weeks over the way to end the session with regard to government spending.

00:16:01.000 It's a difficult choice, frankly.

00:16:02.000 If you're interested in reducing spending, probably the best way to do that would be a one-year CR.

00:16:06.000 If, on the other hand, you're concerned about the defense of our country and the funding of the Ukraine war, you're somewhat hesitant To go in that direction.

00:16:13.000 It seems as though McConnell, once again, is at war with Senate conservatives inside his own caucus.

00:16:18.000 Mitch McConnell is fairly good at things like, he's very good at things like stopping bad judicial nominees when he has the power to do so.

00:16:26.000 However, when it comes to spending, Mitch McConnell has been no great shakes and nor has anybody else in the Republican Party.

00:16:32.000 And part of that is due to the fact that the Republican Party is not really a repository of conservative ideas.

00:16:37.000 And part of that is the fact that every time Republicans actually try to lower spending, they get punished at the polls for it.

00:16:42.000 The problem with the American people when it comes to this is that the American people are all in favor of lowering the spending until they actually see the spending being lowered, which is why Democrats keep being able to blow out the spending until we actually hit economic crisis or recession.

00:16:56.000 Meanwhile, again, Joe Biden's people, they continue to push the most radical possible policy.

00:17:01.000 Joe Biden's energy advisor continues to say that we're going to phase out oil drilling in the United States, which is an amazing statement at a time when gas prices are still like 50 percent higher than when Joe Biden took office.

00:17:12.000 But when he says we're going to end drilling domestically, that causes the major oil producers to not want to invest long term.

00:17:24.000 Can you give me, you say we like them, we want them to produce, give me a number on how long.

00:17:29.000 Do you want them to do it for five more years?

00:17:31.000 For ten more years?

00:17:32.000 How long will we need these major oil producers to keep drilling?

00:17:37.000 What does he mean, we're going to end drilling?

00:17:39.000 When?

00:17:40.000 Well, eventually we're going to be phasing out the use of oil.

00:17:43.000 What is eventually?

00:17:44.000 What's eventually?

00:17:46.000 Because you're not going to want to invest any money in doing this if it's two or three years from now, or even five years almost.

00:17:53.000 So, I don't think we're talking about two, three years.

00:17:55.000 We're talking about longer than that.

00:17:59.000 Okay, well, what this really means in the long term for the Biden administration is probably there will be a recession next year.

00:18:05.000 When there is a recession, we will finally emerge from that recession into very slow growth, which is exactly what Barack Obama did.

00:18:10.000 Joe Biden's plans, economically speaking, are no different from Barack Obama's.

00:18:13.000 In fact, if you recall, when Joe Biden entered office, he put out his prospectus for the next few years, economically speaking.

00:18:19.000 And his suggestion was that the United States was going to grow at less than 2% GDP year on year for about the next 10 years, which is a really, really stagnating rate of growth for the world's most powerful economy.

00:18:29.000 By the way, members of the media who are pumping up the Biden economy, they're not feeling it themselves, that is for sure, because CNN is now laying off hundreds of people, according to Mediaite.

00:18:38.000 CNN chief Chris Licht announced the network will start making layoffs as part of his budget cut strategy.

00:18:42.000 They're expected to target hundreds of CNN employees.

00:18:45.000 Oliver Darcy, CNN's senior media reporter, released a letter that Licht sent out to the entire company on Wednesday.

00:18:49.000 In it, Licht announced that the first round of layoffs will impact the network's paid contributors.

00:18:53.000 The network's remaining staff would be informed of those changes tomorrow.

00:18:55.000 So you're going to see a bunch of people who were on TV no longer be on TV because CNN is really cutting.

00:19:01.000 They're having a rough time.

00:19:02.000 It turns out that they really needed Donald Trump to be president in order to succeed, economically speaking.

00:19:07.000 Licht has been vocal about his interest in reorienting CNN's editorial focus on straight news reporting.

00:19:11.000 He's also signaled the network's rating struggles and debt.

00:19:13.000 From the discovery, WarnerMedia merger could necessitate dramatic cuts for the network's projects, including hundreds of job losses.

00:19:19.000 Mediaite says that the layoffs mostly focus on paid contributors.

00:19:23.000 But the reality is that CNN is going to have to fire a bunch of its actual hosts.

00:19:28.000 I'm sorry, shifting Don Lemon from evenings into mornings, where he can continue to be a left-wing propagandist while proclaiming to Stephen Colbert that he is in fact an objective news reporter, that ain't going to cut it over at CNN.

00:19:38.000 You can also see, by the way, why the media are so desperate for Donald Trump to come back.

00:19:42.000 They want Donald Trump.

00:19:44.000 It's something to remember as we go forward into the Republican primaries and toward 2024 is that the media do not get ratings out of other Republicans.

00:19:51.000 The media don't get ratings out of Joe Biden.

00:19:53.000 The media only get ratings out of Donald Trump.

00:19:55.000 They need the opposition.

00:19:56.000 They need the battle.

00:19:57.000 It is the thing they love more than anything else.

00:20:00.000 Their goal is going to be to give Donald Trump as much attention as humanly possible, specifically because, number one, the truth is it's a win-win for them.

00:20:08.000 If Donald Trump wins, the media makes bank.

00:20:11.000 The New York Times exploded in subscribership because Donald Trump was president.

00:20:15.000 So if he wins, the media do great.

00:20:17.000 And if he loses, then the media get to brag that they stopped Donald Trump.

00:20:19.000 So it's a win-win for them in every possible way.

00:20:23.000 CNN, without Donald Trump, Is a ratings disaster area.

00:20:27.000 This is one area where Trump was totally 100% right.

00:20:30.000 And you're seeing that now as CNN is forced to lay off an enormous number of people.

00:20:35.000 In their contributorships behind the camera.

00:20:38.000 And if Licht actually wanted to do something useful, he actually would reorient CNN.

00:20:41.000 I just don't have any faith that Licht is actually going to do that.

00:20:43.000 We'll get some more on this in just one second.

00:20:45.000 First, a lot going on right now in the world.

00:20:48.000 Also, you gotta get ready for the holidays.

00:20:50.000 I mean, there's a lot of stuff coming up right now, and that means that you need a good night's rest.

00:20:54.000 And this is what Helix Sleep can provide you.

00:20:56.000 You need a mattress made just for you and that's what Helix Sleep makes happen for you.

00:20:59.000 I've had my Helix Sleep mattress for years now.

00:21:02.000 I sleep like a baby even in the midst of a very, very busy season.

00:21:02.000 I absolutely love it.

00:21:05.000 A mattress should never be a one-size-fits-all solution because why should you have to compromise on comfort?

00:21:09.000 Helix has a sleep quiz that matches your body type and sleep preferences to the perfect mattress because why would you buy a mattress made for somebody else?

00:21:15.000 I took that Helix quiz.

00:21:16.000 I was matched with a firm but breathable model.

00:21:17.000 I tend to heat up at night and if the The mattress is too soft to get back pain, so Helix made me a mattress that feels great.

00:21:22.000 Go to helixsleep.com slash ben, take their 2-minute sleep quiz, find the perfect mattress for your body and sleep type.

00:21:28.000 Helix has a 10-year warranty.

00:21:29.000 You have to try it for 100 nights risk-free.

00:21:30.000 They'll pick it up for you if you don't love it, but you will.

00:21:32.000 Their financing options and flexible payment plans make it so a great night's sleep is never far away.

00:21:36.000 For a limited time, Helix is offering up to $350 off all mattress orders, plus two free pillows for our listeners.

00:21:41.000 It's an amazing offer.

00:21:41.000 Take advantage of it at HelixSleep.com slash Ben with Helix.

00:21:44.000 Better sleep starts right now.

00:21:46.000 Also, with the holidays coming up right around the corner, many of us are going to be traveling to see family or maybe going on vacation.

00:21:52.000 Well, this is why you need to keep your home safe with Ring.

00:21:55.000 I've been relying on Ring for my own home security for years now, and I'm deeply worried about my own home security.

00:22:00.000 I mean, I'm a rather prominent person, so if I can rely on Ring, so can you.

00:22:03.000 With Ring security products, you can rest easy knowing your home and family are safe when you're not there.

00:22:07.000 The Ring doorbell will notify you when guests or packages arrive.

00:22:09.000 Ring's indoor cameras let you keep an eye on your kids and your pets while you're away.

00:22:12.000 Ring Alarm will alert you of any motion detection while the house is empty.

00:22:15.000 Plus, if you add smart lighting around your home, you can turn lights on or off while you're away.

00:22:19.000 Ring's home security products don't just help keep your home and family safe, they make perfect gifts for everybody on your list.

00:22:24.000 Head on over to ring.com slash collections slash offers.

00:22:27.000 Find out how you can live a little more stress-free this season with a Ring product that is right for you.

00:22:32.000 Again, that's ring.com slash collections slash offers to get started.

00:22:36.000 They have all sorts of products that can make you feel a lot more safe in your own home.

00:22:39.000 Go to ring.com slash collections slash offers to get started with Ring today.

00:22:45.000 Well, meanwhile, Controversy continues to swirl around Elon Musk.

00:22:50.000 The media are out to nail Musk again because they saw Twitter as their preserve.

00:22:57.000 It was their domain.

00:22:58.000 Twitter was the place that they were going to be able to control the narrative.

00:23:02.000 And now that Musk has taken over Twitter with $44 billion of his own money and investor money, they're very angry that he did that.

00:23:08.000 And so they play this silly game now where they find people who have been laid off by Twitter, the disgruntled employees, and then they suggest that those disgruntled employees have an amazing insight into Twitter.

00:23:20.000 So, for example, they've started citing Yoel Roth, who's the former head of trust and safety over at Twitter, suggesting that the place is not safe anymore.

00:23:29.000 Well, weird.

00:23:30.000 I mean, it's almost as though you got fired.

00:23:32.000 Now you're bitter about it.

00:23:33.000 You're upset about it.

00:23:34.000 He did, by the way, admit in an interview with journalist Kara Swisher that it was a mistake for Twitter to censor the Hunter Biden story.

00:23:42.000 He said, we didn't know what to believe.

00:23:43.000 We didn't know what was true.

00:23:44.000 There was smoke, and ultimately for me, it didn't reach a place where I was comfortable removing this content from Twitter, but it set off alarm bells for every single one of my finely tuned APT28 hack and leak campaign alarm bells.

00:23:55.000 Asked if it was a mistake for Twitter to have blocked the story, Roth said yes, but he also suggested that the place is not safe, that it's a really bad place now that he is no longer there.

00:24:06.000 And this is contributing to, again, more democratic heartburn over Twitter.

00:24:13.000 Musk is out there saying openly that there needs to be more transparency as to what went on at Twitter while he was not in charge.

00:24:19.000 There's a person who tweeted at him the other day suggesting that there needed to be More transparency.

00:24:27.000 Twitter has shown itself to be not safe for the past 10 years and has lost users' trust.

00:24:30.000 The past theme of trust and safety is a disgrace, so it doesn't have any right to judge what's being done now," said this Twitter user.

00:24:35.000 They had a chance, but they sold their souls to a corporation.

00:24:37.000 And Musk responded directly to this person.

00:24:40.000 That's one thing that's amazing about Musk.

00:24:41.000 I mean, he's the richest man in the world, and he's just responding to randos on Twitter.

00:24:44.000 Exactly.

00:24:45.000 The obvious reality, as longtime users know, is that Twitter has failed in trust and safety for a very long time and has interfered in elections.

00:24:51.000 Twitter 2.0 will be far more effective, transparent, and even-handed.

00:24:53.000 And this, of course, is what is driving people up a wall on the left.

00:24:57.000 This is why you have Elizabeth Warren, who's ripping on Elon Musk. 1.00

00:25:01.000 I have to say, there's great irony to Elizabeth Warren suggesting that there cannot be too much power at the top of a privately held company, when she is literally the creator of the Consumer Finance Protection Board, which was, under her auspices, completely independent of any other branch of government that had its own funding mechanism, and basically With such an autocracy, the Supreme Court struck down its entire structure.

00:25:22.000 Elizabeth Warren has no problem with centralization of power. 1.00

00:25:24.000 She just wants to be the person with the bad haircut at the top of it. 0.84

00:25:28.000 Republicans say that Democrats are picking on Elon Musk.

00:25:32.000 Elon Musk is doing just fine.

00:25:34.000 But do you think that users have a right to freedom of speech, even if what they're saying is wrong or offensive?

00:25:39.000 I think that one human being should not decide how millions of people communicate with each other.

00:25:47.000 One human being should not be able to go into a dark room by himself and decide, oh, that person gets heard from, that person doesn't.

00:25:55.000 That's not how it should work.

00:25:58.000 I mean, that's an amazing statement from a person who's in favor of centralization of powers, Elizabeth Warren.

00:26:04.000 Joe Biden literally goes into a dark room.

00:26:06.000 He actually goes into his coffin at night.

00:26:08.000 And when they close that coffin, he signs a bunch of executive orders.

00:26:11.000 And this emerges as the policy of the United States.

00:26:14.000 Again, Elizabeth Warren is the creator of the Consumer Finance Protection Board, which is explicitly designed to basically control the American economy without any sort of check or balance on it. 0.92

00:26:23.000 But she's very angry that Elon Musk, who spent his own money and investor money in order to buy a company, is being actually quite transparent about how he's making these decisions.

00:26:31.000 He's just saying, I don't want this person on, I don't want this person on, I do want this person on.

00:26:34.000 And he's willing to take the flak for that.

00:26:36.000 And that's not transparent enough for Elizabeth Warren.

00:26:38.000 What she wants is a completely opaque algorithm that supposedly decides on an objective basis who's getting bad. 0.86

00:26:45.000 But everybody knows, if they've been watching Twitter for the past 10 years, that that's not how it works over at Twitter.

00:26:49.000 That it's not, it's not objective in any way, shape or form.

00:26:52.000 You see people who completely violate the rules and get away with it.

00:26:54.000 You see people who don't violate the rules and get banned.

00:26:57.000 The problem for her is not that she doesn't like one person at the top deciding, it's that she doesn't like the person at the top who is doing the deciding.

00:27:04.000 And you're seeing this all over the place now.

00:27:06.000 I mean, it is incredible how many of these left-wing government apparatuses all over the world are now cracking down on Twitter.

00:27:13.000 Like of all the companies to crack down on right now, Twitter is not the one.

00:27:16.000 We'll get to Apple in just a minute.

00:27:17.000 I mean, Apple is the one that really deserves it.

00:27:19.000 But according to Forbes, the European Union is now issuing a warning to Twitter owner Elon Musk, saying the platform will be banned entirely inside the EU unless it tightens its moderation policies and eliminates its arbitrary approach to reinstating banned users, according to the Financial Times.

00:27:34.000 Thierry Breton, who's in charge of enforcing the EU's digital laws, told Musk on Wednesday that Twitter risks being in violation of the Digital Services Act, which requires social media platforms to remove hate speech and bans ads targeting people based on political beliefs.

00:27:46.000 Breton said Musk must agree to an extensive independent audit of the platform, citing people with knowledge of the talks between the two.

00:27:51.000 So the EU is trying to gain control over Twitter.

00:27:55.000 Now, I haven't noticed the TikTok.

00:27:56.000 Is TikTok banned in Europe?

00:27:58.000 TikTok's an actual Chinese government apparatus for gathering data.

00:28:01.000 Did they ban it in Europe?

00:28:03.000 But now they're talking about banning Twitter.

00:28:05.000 Why?

00:28:05.000 Because Musk is allowing more people on Twitter to talk.

00:28:09.000 Which demonstrates once again that the Europeans and the left generally, they have no interest in freedom of speech as a principle.

00:28:14.000 They want freedom of speech for the people who agree with them and everybody else gets to shut the hell up.

00:28:18.000 And so anybody who promises to open that thing up is going to become some sort of an enemy to them to the point where they talk about shutting down his actual company.

00:28:26.000 Musk reportedly responded by calling the Digital Services Act very sensible.

00:28:29.000 He says he's vowed that Twitter's policies will comply with applicable laws.

00:28:31.000 He would have to because otherwise it's going to get banned over there.

00:28:33.000 European officials have also expressed concern about how Twitter can enforce its policies after Musk laid off about half of his workforce.

00:28:39.000 Again, this sort of interference from government in a business like Twitter is pretty amazing stuff.

00:28:45.000 It really is.

00:28:47.000 So, the fact that the EU is now targeting Musk, the fact that Elizabeth Warren is targeting Musk, the fact that the White House has said that it's targeting Musk, I mean, even Janet Yellen is now claiming that she misspoke when she said there was no basis to actually investigate Elon Musk buying Twitter.

00:29:01.000 Bloomberg reported that Treasury Secretary Janet Yellen said Elon Musk's purchase of Twitter would warrant a government review if deemed to raise national security concerns, walking back her previous comments that played down the need for scrutiny.

00:29:11.000 Yellen said if there are issues, it would be appropriate for the Committee on Foreign Investment in the United States to take a look.

00:29:16.000 She would not comment on the potential of a review of Musk's purchase, saying she would not reveal what specifically the federal government could be looking at.

00:29:23.000 But earlier this month, she had said there was no basis for an investigation into Musk's finances.

00:29:28.000 So now, obviously, she is shifting modes.

00:29:31.000 And that, of course, followed President Joe Biden saying he would support a review of Musk and his quote-unquote relationship with other countries.

00:29:38.000 I've never seen governments crack down on any company like this, save maybe Huawei.

00:29:43.000 But aside from Huawei, which is an actual Chinese government apparatus, I do not understand why Twitter is coming under this sort of scrutiny.

00:29:49.000 Meanwhile, Apple is getting away with literally doing the bidding of the Chinese government.

00:29:54.000 And the biggest story that nobody seems to be covering very much is this story that Apple actually shut down AirDrop in China before these giant protests broke out in China.

00:30:01.000 That's an amazing story.

00:30:03.000 So Apple, it should be noted, something like 95% of all the components in an iPhone are compiled and manufactured in China.

00:30:11.000 A huge percentage of the value of the iPhone is made in China.

00:30:15.000 And because so much of their production for the iPhone 14, for example, is centralized in China, Apple just does the bidding of the Chinese government.

00:30:24.000 Pretty openly, by the way.

00:30:26.000 And they do so while propagandizing for China.

00:30:28.000 Tim Cook, the head of Apple, praised China back in 2017 for all the wonderful good it had done.

00:30:33.000 China's done an unbelievable job of lifting people out of poverty.

00:30:38.000 They've done an incredible job, I mean, far beyond what any country has done.

00:30:44.000 We were talking about mid-90s to today.

00:30:47.000 The biggest change is the number of people that have been pulled out of poverty.

00:30:51.000 By far.

00:30:52.000 And we should all applaud that.

00:30:56.000 Mark Zuckerberg, by the way, over at Facebook, he's ripping on Apple also because the App Store is dominant and essentially has monopolistic power over what is allowed on the App Store.

00:31:05.000 There was a big controversy that broke out when Twitter accused Apple of trying to ban it from the App Store for political differences.

00:31:10.000 Here is Zuckerberg going after Apple.

00:31:12.000 Windows, Android, iOS, hopefully the future ones around the metaverse that will get built.

00:31:19.000 Apple's stands out as the only one where one company can control what apps get on the device.

00:31:25.000 That wasn't the case in Windows.

00:31:27.000 That isn't really the case on Android phones.

00:31:29.000 Google might control what goes in the Play Store, but they've always made it so that you could sideload and have other app stores.

00:31:37.000 I do think Apple has sort of singled themselves out as the only company that is trying to control, like unilaterally what apps get on a device.

00:31:47.000 And I don't think that's a sustainable or good place to be.

00:31:50.000 Zuckerberg happens to be correct about this.

00:31:53.000 It is, again, quite amazing which companies have fallen under the scrutiny of Democrats on the left and which ones have not.

00:32:00.000 So Facebook in the aftermath of 2016 fell under the scrutiny of the left because they'd allowed too many companies that were not left-wing to thrive.

00:32:05.000 Twitter has now fallen under the scrutiny of the left because Elon Musk took it over.

00:32:09.000 Meanwhile, Apple is doing fine.

00:32:11.000 I mean, the most obvious example, by the way, of this, of people who are friendly with Democrats, people who are who are joining with the Democratic sort of coterie in their ideology, getting easy treatment is Sam Bankman Freed.

00:32:21.000 I mean, this is an amazing thing.

00:32:22.000 Sam Bankman Freed just bilks people out of billions of dollars over at FTX.

00:32:28.000 To recap what happened with FTX.

00:32:29.000 FTX was an exchange.

00:32:31.000 It's a crypto exchange.

00:32:33.000 And a lot of people held their money in the exchange so that they could buy and sell various forms of cryptocurrency.

00:32:39.000 There was an associated company, call it Alameda Capital, which was Alameda Research, which was actually a hedge fund that was connected to FTX.

00:32:48.000 Sort of tangentially connected to FTX.

00:32:50.000 And Elemator Research was buying all sorts of FTT, which was a cryptocurrency created by FTX to boost its own stock price, essentially.

00:33:00.000 Where was Elemator Research getting its money?

00:33:01.000 It turns out they were getting their money directly from user accounts at FTX.

00:33:05.000 It looks pretty obviously like fraud.

00:33:08.000 It's the biggest financial scandal probably since Enron.

00:33:11.000 Certainly since Bernie Madoff.

00:33:13.000 And yet, Sam Bankman-Fried yesterday, as long as you give tens of millions of dollars to Democrats, man, you can get away with pretty much anything.

00:33:19.000 Sam Bankman-Fried yesterday was part of a New York Times Dealbook Summit alongside people like Janet Yellen.

00:33:26.000 I mean, this is post the implosion of FTX.

00:33:29.000 This is in the middle of a massive investigation that's going on into how billions of dollars suddenly went missing from user wallets over at FTX.

00:33:38.000 Meanwhile, Sam Bankman Freed is literally talking to a thousand people at this insane gathering of the Glitterati. 0.98

00:33:47.000 According to the New York Times, Sam Bankman-Fried, founder of the now bankrupt cryptocurrency exchange FTX, told the Dealbook Summit on Wednesday the company's downfall was caused by, quote, a massive failure of oversight on my part.

00:33:56.000 Whatever happened, why it happened, I had a duty to our shareholders, our customers, our investors, our stakeholders, the regulators of the world to do right by them, he told Andrew Ross Sorkin via video from the Bahamas.

00:34:05.000 Clearly, I didn't do a good job of that.

00:34:06.000 I didn't ever try to commit fraud on anyone.

00:34:08.000 I'm deeply sorry about what happened, he said while drinking from a can of La Croix.

00:34:13.000 He also said that spiraling losses at Alameda Research, FTX's sister company, essentially meaning that the crypto exchange was loaning Alameda large sums of money and left the trading firm with a large margin position at FTX.

00:34:24.000 He took pains not to mention Carolyn Ellison, the former chief executive of Alameda Research, by name.

00:34:29.000 Perhaps that's because he was schtipping her at the time.

00:34:30.000 He said, I wasn't running Alameda.

00:34:31.000 I don't know exactly what was going on.

00:34:33.000 I was nervous because of the conflict of interest of being too involved.

00:34:35.000 I didn't knowingly commingle funds.

00:34:39.000 If he gets away with this, isn't that, like, the greatest example of crony capitalism pretty much ever?

00:34:45.000 I did not try to commit fraud on anyone, is what he is saying publicly right now.

00:34:49.000 Meanwhile, billions of dollars are gone.

00:34:50.000 People are bankrupt.

00:34:53.000 If he made a mistake, Bankman Freed said, it was not keeping track of the size of the bad bets his clients were taking.

00:34:58.000 There is no person chiefly in charge of positional risk of customers of FTX, and that feels pretty embarrassing in retrospect, he said.

00:35:04.000 Solid, solid stuff there from Sam Bankman-Free, but again, if you give tens of millions of dollars to Democrats, you're fine.

00:35:17.000 If you're Elon Musk and you say that you might vote for Ron DeSantis, the federal government and the EU will come after you.

00:35:23.000 Just wild.

00:35:26.000 When you talk about crony capitalism, this is the thing that drives me up a wall.

00:35:26.000 It's wild.

00:35:29.000 You'll see people on the left and they'll yell and scream about crony capitalism.

00:35:33.000 And then they'll be very much in favor of boondoggle giveaways to their favorite companies.

00:35:37.000 Or obvious corporatism that favors their favorite people.

00:35:42.000 Or union cronyism, which is just a form of crony capitalism.

00:35:46.000 In other words, they're not against government intervening in the economy and working with private parties.

00:35:51.000 They just want it to be private parties that they particularly like.

00:35:54.000 Again, Sam Bang Manfred stole, apparently, like billions of dollars from people. 0.60

00:35:58.000 He got a big ovation at the end of this event because he was transparent enough to come and talk with the glitterati about it.

00:36:05.000 I mean, listen to this clip.

00:36:07.000 On behalf of everybody here and on behalf of the public, I want to thank you for engaging in it at a time, in truth, when I know you've been advised not to.

00:36:14.000 So thank you so very, very much.

00:36:17.000 Sam Bankman Freed everybody.

00:36:17.000 Thank you.

00:36:22.000 Okay. Meanwhile, Joe Biden was out there on the stump again, and he let loose with a bizarre notion.

00:36:28.000 He says, maybe he won't run again.

00:36:29.000 We'll get to that in a moment.

00:36:30.000 First, a simple fact about your health. 0.99

00:36:32.000 If you sit flat on your butt all day long, it's really, really bad for you. 0.78

00:36:35.000 Studies show that prolonged sitting is associated with an increased risk for obesity, diabetes, cancer, cardiovascular disease, other chronic illnesses. 0.93

00:36:42.000 Unfortunately, a lot of us spend the entire workday sitting at our desk.

00:36:44.000 Protecting your health and wellness can be as simple as pushing a button on an E7 Pro Plus standing desk from Flexispot.

00:36:50.000 Compared to a regular desk, the E7 from Flexispot is made to meet your individual needs, adjusting to your height whether you're seated or whether you're standing.

00:36:57.000 Alternating between seating and standing helps to relieve stiffness and pain, ultimately making you feel better throughout the day.

00:37:01.000 The E7 Pro Plus standing desk gets super sturdy.

00:37:03.000 It's crafted from automotive grade carbon steel.

00:37:06.000 The E7 can support up to 355 pounds.

00:37:07.000 The Flexispot They're so confident in their premium materials and craftsmanship, they offer an industry-leading 15-year warranty on the E7.

00:37:15.000 I've been using my new Flexispot desk, and it does make me feel a hell of a lot better because I actually like standing while I work.

00:37:20.000 Right now, Flexispot is offering a huge $80 off their E7 Pro Plus standing desk with code SHAPIRO.

00:37:25.000 Go to flexispot.com today.

00:37:28.000 Use code SHAPIRO to get $80 off their E7 Pro Plus standing desk.

00:37:31.000 That's F-L-E-X-I-S-P-O-T.com. 1.00

00:37:34.000 Flexispot.com, promo code Shapiro.

00:37:36.000 Also, the season of giving is officially upon us.

00:37:39.000 But as you shop holiday gifts and deals, you should ask yourself, who exactly are you giving to?

00:37:43.000 Because if you're buying stocking stuffers from woke companies, you're really just stuffing the pockets of leftist CEOs and paying them to mock your values.

00:37:48.000 Do not give them your money.

00:37:50.000 Give Jeremy your money!

00:37:51.000 His brand new collection of Jeremy's Razors products will make the perfect gift for the pronounless men in your life. 1.00

00:37:56.000 And today is the last day of his 30% off cyber sale.

00:37:59.000 So get your loved ones at some Woke Free shampoo and conditioner, body wash, beard kit, or the new Precision 5 razor with a flip back trimmer before Jeremy merrily restores list pricing.

00:38:07.000 Go to jeremysrazors.com today for your last chance to save.

00:38:12.000 And meanwhile, Joe Biden in the aftermath of a kind of shocking non-election blowout.

00:38:18.000 Joe Biden was asked yesterday essentially whether he was going to run again.

00:38:22.000 He was doing a speech and at the very end of his speech, somebody shouted, four more years.

00:38:25.000 And Joe Biden's like, oh, we'll see about that.

00:38:27.000 Thank you all very much.

00:38:29.000 Thanks.

00:38:33.000 And so he says four more years and he says sort of backhandedly.

00:38:37.000 I don't know about that.

00:38:38.000 Well, I mean, I thought that you're running for re-election, dude.

00:38:40.000 So that's kind of interesting.

00:38:42.000 Now, the rule for Biden probably is that if Joe, if Donald Trump ends up being the nominee for the Republicans, he'll run again because he thinks that he can beat Donald Trump.

00:38:48.000 But if it's anybody else, is there a possibility that he that he steps down?

00:38:52.000 I think the Democrats are gonna have a real tough time letting him go.

00:38:55.000 Who exactly do you put in his place?

00:38:56.000 Kamala Harris, the world's worst political candidate? 1.00

00:38:59.000 Or Pete Buttigieg, whose great claim to fame is being terrible at everything that he touches, but also he happens to be gay? 0.96

00:39:05.000 Or perhaps you're really in love with J.B.

00:39:08.000 Pritzker in Illinois, who's presiding over a giant crime wave?

00:39:11.000 Or Gavin Newsom, who's presiding over the complete destruction of his state?

00:39:15.000 Who exactly is waiting in the wings here for the Democratic Party?

00:39:18.000 You're stuck with this guy, is the problem.

00:39:20.000 And I think Joe Biden knows that.

00:39:23.000 But the big problem, of course, is that Joe Biden is incoherent and falling apart.

00:39:27.000 And all of the Democratic problems have been masked by the fact that they did better than expected in the 2022 elections.

00:39:31.000 Those problems didn't just go away.

00:39:32.000 I mean, here's Joe Biden speaking nonsense.

00:39:35.000 But my administration is doing all it can to demonstrate our commitment to those timeless ideals.

00:39:40.000 So thank you.

00:39:41.000 Thank you for being here.

00:39:43.000 Thank you for your leadership.

00:39:45.000 Thank you for your partnership.

00:39:47.000 And I'm sure I'll make mistakes, but you know me, don't hesitate to correct me when I make it.

00:39:51.000 And I know you, you won't hesitate.

00:39:54.000 But I really mean it.

00:39:55.000 I really mean it.

00:39:57.000 Well, I tell you what, no one's ever done as much as president as this administration is doing.

00:40:02.000 What?

00:40:03.000 Okay.

00:40:04.000 Then there's this weird, this is at a White House tribal nation summit.

00:40:07.000 There's a weird part of this where he says that Jill Biden is going to leave him for an Indian reservation.

00:40:12.000 That was weird.

00:40:14.000 Here we go.

00:40:15.000 In fact, last year, Jill and my wife traveled with Deb to the Cherokee Immersion School in Oklahoma.

00:40:22.000 The Cherokee Nation used part of this funding to start building a second school and revitalized the use of the Cherokee language.

00:40:30.000 By the way, she spent a lot of time on other reservations, other nations as well.

00:40:35.000 I'm worried she's not going to come home one of these days when she goes.

00:40:39.000 You think I'm joking, I'm telling you.

00:40:41.000 I hear more about the Navajos than I hear about me.

00:40:47.000 So, this is the beginning of a bad Taylor Sheridan script.

00:40:51.000 As the first lady of the United States ends up going to a Native American reservation and then just, um, and then just staying there forever. 0.99

00:40:58.000 Meanwhile, Corine Jean-Pierre is fibbing that Joe Biden has been to the border.

00:41:01.000 He has never been to the border, apparently.

00:41:03.000 But this is the favorite game of the Democratic Party, is we've been to the border when we haven't.

00:41:06.000 You remember Kamala Harris said this at one point.

00:41:08.000 She still has not been to the border.

00:41:10.000 Here is world's most untalented press secretary, Corine Jean-Pierre.

00:41:13.000 Kevin McCarthy says that he invited President Biden down to the border.

00:41:17.000 How does the President RSVP?

00:41:23.000 We know the President's never been down to the border.

00:41:26.000 The possible next speaker says that he wants him to go with him, so is he going to?

00:41:31.000 So, look, he's been there.

00:41:33.000 He's been to the border.

00:41:35.000 No, he hasn't.

00:41:35.000 And since he took office... When did he go to the border?

00:41:38.000 Since he took office, the President Biden has been taking action to fix our immigration system and secure our border.

00:41:45.000 And that's why, on day one, he put forward an immigration reform piece of legislation to deal with what is currently happening at the border.

00:41:56.000 But, you know, we're not seeing that from Republicans.

00:41:59.000 We're not seeing a willingness to work with us on fixing a situation that's been around For decades now.

00:42:08.000 Instead, they're doing political stunts.

00:42:12.000 He's not been to the border. 0.95

00:42:12.000 It's a bunch of horse nonsense. 0.95

00:42:14.000 And this is precisely what the Biden administration is full of. 0.79

00:42:17.000 I mean, they've done a very, very poor job. 0.91

00:42:20.000 Again, the fact they've done a very poor job is masked by the fact that Republicans are wildly incompetent in nearly everything. 0.70

00:42:24.000 But they continue to do a poor job.

00:42:25.000 We have a massive crisis on our southern border.

00:42:27.000 As I discussed at the top of the show, the economy is still not going great guns here.

00:42:31.000 And the fact of the matter is that we are probably seeing a fall spring.

00:42:34.000 When it comes to foreign policy, China is getting more aggressive.

00:42:36.000 Meanwhile, the White House is targeting Elon Musk and Twitter.

00:42:40.000 This is not an administration that is in control of itself.

00:42:42.000 Meanwhile, the House Democrats have decided on their new leadership class.

00:42:45.000 Democratic Caucus Chair Hakeem Jeffries was elected on Wednesday to lead House Democrats in the next Congress, making history as the first black person to lead either party in either chamber and taking on the responsibility of keeping the caucus united on policies and messaging as they set their sights on winning back the majority next term, according to the Washington Post.

00:43:00.000 Now, again, we're going to play this game until the end of time, which is first black person to do anything. 1.00

00:43:06.000 This game is old, guys. 0.98

00:43:07.000 We've had a black president. 0.93

00:43:08.000 We currently have a black vice president.

00:43:10.000 We have two black Supreme Court justices.

00:43:15.000 Why is this still a news story?

00:43:18.000 I just don't understand why it's that big a deal.

00:43:19.000 I don't think that it is at this point, but you have to come up with some historic reason why Hakeem Jeffries should be the leader of the Democratic Party.

00:43:25.000 Now, the truth is Hakeem Jeffries is more competent than many of the other people who are up for the post.

00:43:30.000 But there are some problems with Hakeem Jeffries as the Democratic leader.

00:43:33.000 Among those problems is that Hakeem Jeffries is kind of an election denier.

00:43:35.000 So if the entire idea here is that election denial is bad, it's weird to appoint an election denier to the top post.

00:43:41.000 He tweeted out post-2016 that Trump was not the legitimate president.

00:43:44.000 He tweeted that again in 2020.

00:43:47.000 But Democrats are moving to their younger cadre, I guess is going to be Hakeem Jeffries and company.

00:43:51.000 Again, it's a rather uninspiring group of people who are at the top of the Democratic Party.

00:43:56.000 Alrighty guys, the rest of the show is continuing right now.

00:43:58.000 You're not going to want to miss it.

00:43:58.000 We will be getting into the Daily Show Dishonestly Comparing Nick Fuentes to Tucker Carlson and a lot of other stuff.

The Ben Shapiro Show - December 01, 2022

Elizabeth Warren vs. Elon Musk | Ep. 1621

Episode Stats

Summary

Transcript