The palace coup is on. Democrats are ready to toss Joe Biden off the back of the train. They are done with the old man, and they are leaking like a sieve. Plus, J.D. Vance makes his debut as the vice presidential nominee for the Republican Party. First, one thing is clear in the 2024 election, the fight for America s core values is more important than ever. The Daily Wire is on the front lines of that fight, and we can t win without you. Join us right now, while we re offering 47% off annual memberships. Use promo code FOREVER at checkout to get 47% all year long off your first month with discount code: FAKEFREEDAME. Second, a new segment called What's the Problem with Joe Biden? is launching in 2020? where we re asking the question: Is it time to pull the plug on the Old Man? And if so, what s the best way to do so? And what would you do if Joe Biden is no longer mentally fit to run for president? And who would be the best person to replace him? and who would you want to be Joe Biden s replacement? and why it s time for Joe Biden to step up to the plate and run for President in 2020 and take the reins? the White House? What s the worst thing Joe Biden could do? other than run for the job Joe Biden has ever done for the country? in 2020, and what s he s running for the party? The answer to Joe Biden needs to do to make a run at the presidency? to be the next Joe Biden in 2020 is more than Joe Biden or not Joe Biden ? And why he s not running for president, and why he should be running for President? Joe Biden should not run for anything other than anything else but except other people s than other than than that than anything else? or other candidates besides that besides other things Other words, Joe Biden does not have a clue what s than Joe s name what s going to do with his time in 2020 than that s the right thing to do in 2020 other than be Joe s ? and to do than to be a better than that? at this point in 2020 s the answer is probably not much more than
00:00:27.000So, Joe Biden has a serious problem on his hands from his own party at this point.
00:00:32.000And it appeared for a moment there, like maybe the pressure on him to go was going to let up.
00:00:37.000And now it is broken out full force into the open.
00:00:40.000And that is because of all the polling data.
00:00:42.000Apparently, according to the New York Times, Democratic leaders have come to their conversations with Joe Biden armed with grim new data.
00:00:48.000According to a poll from Blue Rose Research, a firm that formed from but is no longer affiliated with Future Forward, which is the super PAC that supports Biden, just 18% of voters and 36% of people who voted for Biden in 2020 believe he is mentally fit and up to the job of being president.
00:01:04.000Chuck Schumer, according to Democrats close to him, was given data from a leading Democratic super PAC showing Biden's deficit growing to five percentage points or more in Pennsylvania, Michigan, and Wisconsin, and his deficit in three other key states, Nevada, Georgia, and Arizona, outside the margin of sampling errors.
00:01:19.000The poll numbers are declining, and this necessitates it's time for a conversation about pulling the plug on Joe.
00:01:25.000Now, let's be clear that at this point in the 2024 cycle, it is very clear that God's team, his writing team here, they're just throwing everything They're just throwing every plot point into that pot at this point.
00:01:36.000They've got a stew going, and God's got that stew going.
00:01:38.000He's got the cabinet, and every plot point in the cabinet is going into the stew at this point.
00:01:42.000This is season eight of Game of Thrones.
00:01:44.000God is tired of, like, dragging this thing out over the course of seasons.
00:01:49.000And so no longer will it take two seasons to get from King's Landing all the way to the Frozen North.
00:01:53.000Instead, we're gonna be there in five seconds flat with the dragons, because the plot points are coming fast and furious.
00:02:00.000In the last month alone, we had Joe Biden's full-scale collapse on stage in the debate.
00:02:05.000We had two weeks of debate about whether he was going to go, including multiple bizarre interviews with the President of the United States.
00:02:12.000We then had an assassination attempt on Donald Trump.
00:02:16.000We then had Donald Trump's selection of vice presidential candidate.
00:02:19.000And now, it turns out, Joe Biden has COVID.
00:02:22.000Now, that's the least of his concerns.
00:02:24.000His senility is the most of his concerns.
00:02:26.000And when I say his senility, I mean, he is gone and everyone knows it.
00:02:51.000And so, it's all about, it's all about treating people with dignity.
00:02:56.000And it's about making sure that, look, I mean, for example, look at the heat I'm getting, because I, I named a, uh, the Secretary of Defense, the black man, I named Ketanji Brown, I mean, because of the people I've named.
00:03:12.000The Secretary of Defense, the black man?
00:03:16.000Well, I mean, was that his qualification or what?
00:03:20.000Are we allowed to say that he's a DEI pick if Joe Biden says that he picked him for being a black man?
00:03:27.000There is something wrong here, obviously.
00:03:29.000But now, perhaps, they have finally the excuse to pull the plug on the old man.
00:03:33.000They put him in hospice care, political hospice care, and now They're just having the intra-family debate about whether Joe Biden wants to live under these conditions, or his campaign wants to live under these conditions, or whether Joe really would want, in his living will, for the plug to be pulled.
00:03:49.000Presidents of the United States is obviously falling apart.
00:04:42.000These are very uncertain and perilous times.
00:04:44.000Diversification is a smart investment strategy, no matter who you are or where you are located in life.
00:04:48.000Text Ben to 989898 to ask your questions to my friends at Birch Gold and get started.
00:04:53.000So in that same interview with BET, Joe Biden suggested a way out for Democrats, and that is that he would drop out if he had a medical issue.
00:05:02.000Is there anything that you would look to, you personally, not anybody else, not other pundits, not even perhaps family members, that you would look to to say, if I see that, I will re-evaluate?
00:05:16.000If there has some medical condition that emerged.
00:05:18.000If somebody, if the doctors came to me and said, you got this problem, that problem.
00:05:23.000Okay, well, we've seen a few problems from Joe Biden, like his inability to climb stairs, right?
00:06:54.000It means he's going to have the full weekend to decide whether or not he's going to go.
00:06:58.000I will say I'm very much enjoying the spectacle of the media trying to square their prior statements about COVID with Joe Biden's behavior now that we know that he's had COVID.
00:07:06.000So he's walking around, I mean, in that video, unmasked near other people.
00:07:09.000And so Wolf Blitzer is like, where's his mask?
00:07:55.000That's the big issue, is not wearing a mask.
00:07:56.000Wolf Blitzer there, coming in from the ropes on that one.
00:07:59.000Okay, but all of this is happening because there have been a bunch of meetings from top-level Democrats with Joe Biden telling him he needs to get out.
00:08:07.000And the thing about these meetings is that they are now being put out there, clearly.
00:09:08.000Well, maybe that's one of the reasons why, again, Hakeem Jeffries and Chuck Schumer are privately telling Joe Biden he needs to leave, he needs to go get out.
00:09:22.000They're leaking to the press, saying over and over publicly, they're trying to publicly shame him out of the race.
00:09:28.000According to the Washington Post, Jeffries met with Biden on Thursday night at the White House.
00:09:32.000Schumer met with him on Saturday in Rehoboth Beach.
00:09:35.000In the meetings, the congressional leaders discussed their members' concerns that Biden could deprive them of majorities, giving Republicans a much easier path to push through legislation, according to four people briefed on the meetings who spoke on the condition of anonymity to describe the private talks.
00:09:47.000In a separate one-on-one conversation, a person close to Biden told the president directly he should end his candidacy, saying that was the only way to preserve his legacy and save the country from another Trump term.
00:09:57.000Biden responded, he adamantly disagreed with that opinion.
00:09:59.000He's the best candidate to defeat Donald Trump.
00:10:01.000The person spoke on the condition of anonymity to describe a private conversation.
00:10:07.000So, Schumer then released a statement saying, we have discussions, but I'm not going to say what we were talking about, which is a confirmation of the story.
00:10:48.000And all week, as news about Pelosi working behind the scenes against Joe Biden trickled out, the former speaker could have taken to TV to firmly defend her longtime ally and friend.
00:10:57.000The flurry of leaks comes as Pelosi herself has coordinated with senior Democrats to try to push Biden out, cranking up the pressure on the president bit by bit in the hopes that he'll get the picture.
00:11:08.000Politico says, we've covered Pelosi for a long time now, and can tell you her fingerprints are all over the knife.
00:11:17.000Meanwhile, Pelosi's allies on the Hill, including California Democratic representatives Adam Schiff, Mike Levin, and Jared Huffman, have coordinated with other members, organizing letters, advancing the conversation when needed.
00:11:27.000There's nothing subtle about Nancy, another Pelosi ally, told Playbook.
00:11:32.000Each time, the Dump Biden movement seemed to stall, it was Pelosi who personally took pains to help revive it.
00:12:41.000Jeffrey Katzenberg, who is one of Joe Biden's top fundraisers, apparently spoke with Biden in Las Vegas.
00:12:48.000And Katzenberg traveled specifically there to tell him to drop out.
00:12:54.000Senior campaign officials tell Deadline the meeting was routine on a number of matters as well as donors,
00:12:58.000and nothing out of the ordinary occurred.
00:13:00.000But you don't fly to Vegas to see the candidate you're giving
00:13:03.000tens of millions of dollars to unless you actually want something from him.
00:13:07.000Apparently he told Joe Biden donor cash is drying up.
00:13:11.000So, top Biden fundraisers are losing sleep.
00:13:16.000And I gotta tell you, have you ever found yourself losing sleep at night?
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00:14:22.000And again, Bernie Sanders is doing the same thing.
00:14:25.000Bernie did an interview with The New Yorker's Isaac Chautner And here is the exchange.
00:14:30.000Chautner, when you yourself say you have concerns about whether Joe Biden would be able to finish the second term, I think it's hard to ask people to.
00:14:35.000And then Sanders said, I didn't say that.
00:14:58.000If Joe Biden gets elected, everybody's health is in question.
00:15:02.000And Chandra said, I would just say you're not being able to say this clearly is a reason people might have doubts about whether he should be the nominee and feel the party should choose someone who people feel confident can finish their term.
00:15:11.000And Sanders said, you're doing exactly what I've been thinking.
00:15:14.000If you want to make the case Biden is not the perfect candidate for a dozen different reasons, go ahead and you're right.
00:15:18.000But tell me, you've got a better path forward?
00:15:45.000I mean, like, she'll probably do better than Biden at this point, simply because the entire American public, outside of the immediate Biden family, One of whom is a crack addict, and the other of whom is the actual president, his wife.
00:15:58.000They believe that he's, I guess, still okay.
00:16:00.000And every other human being believes that he's gone, mentally, and he proves it every time he goes on the TVs.
00:16:08.000But, and Kamala Harris is, you know, she's at least alive.
00:16:11.000Like, she speaks words out of her, like, they're incompetent words.
00:16:56.000The private conversations with the Hill are continuing, this advisor tells me.
00:17:01.000He's being receptive, not as defiant as he is publicly.
00:17:06.000Goes on to saying, talking about Vice President Kamala Harris, who initially he wondered how she may fare in a campaign should it come to that.
00:17:14.000I'm told now he's asking questions saying, do you think Kamala can win?
00:17:19.000Again, this advisor offers caution saying this, it is still unclear where he's going to land, but he seems to be listening.
00:17:29.000Okay, again, the reason that he's listening is because the poll numbers really are quite bad for him.
00:18:43.000And again, given the fact that we are now in season eight of Trump, and God's writers are pouring out every plot point, I would bet my money on Biden being out of this race in the next two weeks.
00:18:53.000And if that happens, This race gets upended.
00:19:38.000If, by the way, if Biden were actually smart, and he actually cared about winning, he would announce that he is stepping down from the race tonight, right?
00:19:46.000He would eat up all the attention around Trump.
00:19:48.000All of a sudden, the camera would swivel back into the Democratic Party, and it would become an odds-on fight in terms of, like, who becomes the nominee.
00:19:57.000Now, there's some people who are suggesting that it has to be Kamala Harris, because if it's not Kamala Harris, the Black community will be so darn angry, they just won't turn out.
00:20:06.000What if it's Wes Moore from Maryland, who is black?
00:20:12.000What if it turns out that Kamala Harris isn't that popular with black voters?
00:20:15.000Which is the reason why Joe Biden skunked her in 2020.
00:20:19.000You'll remember, Kamala Harris was a presidential primary candidate in 2020.
00:20:23.000Go check out, by the way, our three-part series on Kamala Harris called Scamala over at Daily Wire+.
00:20:28.000Check it out right now so you have all the details on Kamala, who is, you know, at least a 50% shot at this point to be the Democratic nominee.
00:20:35.000But Democrats are apparently trying to force Josh Shapiro, the governor of Pennsylvania, who is very competent and very articulate, into the race.
00:20:43.000They're hoping that he would join on to say a Kamala Harris ticket, so it'd be like Harris Shapiro, not me.
00:20:47.000Josh Shapiro, the Democrat from Pennsylvania.
00:20:51.000There are a lot of thoughts in the Democratic Party, but it is chaos over there.
00:21:25.000First of all, it's not a simple first aid kit.
00:21:26.000It contains essential life-saving medications that are often in short supply, like amoxicillin, Z-Pak, ivermectin, and more.
00:21:31.000It's like having an urgent care in your home.
00:21:33.000The medical emergency kit includes eight doctor-prescribed medications and a comprehensive guidebook for safely treating over 30 illnesses and infections, like COVID, strep throat, pneumonia, bronchitis, tick bites, UTIs, and more.
00:21:43.000No doctor visits, no pharmacies, no copay.
00:21:45.000Every home should have at least one medical emergency kit.
00:23:36.000Despite the fact that Donald Trump has had the best political month of any presidential candidate that I can remember, In the polling data, he is currently beating Joe Biden on average by two and a half points, and he is polling at 47%.
00:23:48.000If you're up around 52%, 53%, I would say the election is over.
00:23:52.000At 47%, the election is not over, not with a new candidate for the Democrats possibly in play.
00:23:59.000Which means all of the traditional calculations have to be back in play for Republicans.
00:24:04.000What is your voter turnout operation like?
00:24:16.000He's more Teflon than any candidate of our lifetime, including Ronald Reagan.
00:24:19.000But that doesn't mean he can defy the laws of political gravity.
00:24:23.000Which again, is not to be a downer, it's to be realistic and to urge everybody to get out and get active if you want Donald Trump to be the next president of the United States.
00:24:30.000Okay, over on the other side of the coin, RNC night three was last night.
00:24:35.000Democrats, again, still in a state of outright despair.
00:24:39.000Van Jones, who obviously is on the Democratic side of the aisle, he was on CNN last night and he was noting the obvious differential in momentum between the two parties.
00:25:16.000So the RNC last night was very much about the introduction of JDV.
00:25:22.000Vance, but more importantly, this entire RNC has been about presenting a permission structure for people who have not traditionally voted Republican to vote Republican.
00:25:30.000That's what the entire thing is about.
00:25:32.000And so, the RNC Night 3 has been very well produced, it's been very well crafted, it's done an excellent job of creating a speakers list, and RNC Night 3 sort of broke down into three categories.
00:26:31.000is a very fiery guy, and his speech was a rabble-rousing speech for sure.
00:26:36.000They've turned criminals into victims, prosecutors into criminal defense attorneys, and police into public enemies.
00:26:47.000Left-wing activists are pretending to be educators, teaching our kids that there are 57 genders, but they can't even define what a woman is.
00:26:56.000On one hand, they think free speech protects their right to expose your children to explicit drag shows.
00:27:04.000On the other hand, they want to put you in jail for making a meme.
00:27:09.000It's like the entire world has been turned upside down.
00:28:11.000Instead, head over to stamps.com slash Shapiro and get that special offer, including a four-week trial, plus free postage and free digital scale.
00:28:18.000No long-term commitments or contracts.
00:28:27.000Vance, whose speech was fascinating in a variety of ways.
00:28:30.000But the true highlights of the night were the everyday American stories.
00:28:33.000And this is what the RNC has been doing brilliantly.
00:28:35.000So that was true of night two as well.
00:28:37.000Getting everyday Americans to talk about their plight under Joe Biden is the story because it, again, swivels the focus to the Biden administration's incompetence.
00:28:46.000And yeah, again, I'm looking at the Pennsylvania Senate race from 2022.
00:28:50.000In that Pennsylvania Senate race, John Fetterman, who had suffered an actual debilitating stroke, was running against Mehmet Oz.
00:28:56.000And the Republicans focused all of their focus and their ire not on Fetterman's, at that time, political radicalism.
00:29:04.000He's since been actually a pretty moderate voice in the Senate and excellent on some issues like Israel.
00:29:08.000But at that time, he was perceived broadly as sort of a radical socialist type, John Fetterman.
00:29:13.000Instead of focusing their ire on his policies, they focused their ire on the fact that he had a stroke, and then he won.
00:29:19.000And so, what Republicans have to do, if Joe Biden were to stay in the race, or whoever is in the race, is point out that this administration sucks.
00:29:27.000This administration's policies have harmed countless Americans.
00:29:31.000And so, the most effective parts of the RNC have been the parts where everyday Americans talk about their experiences under Joe Biden.
00:29:40.000So a bunch of everyday sort of American heroes were brought out.
00:29:43.000That included, for example, the UNC frat boys.
00:29:46.000So there'd been this wide spate of pro-Hamas protests all across the country, including violence, including trespass, including vandalism and all the rest.
00:29:55.000And you'll remember, because we played it on the show, the video of the UNC frat boys who showed up at a pro-Hamas protest carrying, they stopped the American flag from being desecrated.
00:30:54.000I will say that the crowd at the RNC, the RNC is also doing an extraordinarily moving job of reminding everybody there's still five American hostages being held in the Gaza Strip by Hamas while Joe Biden continues to pussyfoot around Iran and clear the way for them to get cash.
00:31:45.000Over nine months, not knowing whether your son is alive, waking up every morning, praying that he, too, is still waking up every morning, that he is strong and is surviving.
00:32:22.000He's currently suing Harvard for discrimination on the basis of Civil Rights Act violations.
00:32:29.000Shabbos is not a right-winger by any stretch of the imagination.
00:32:31.000As he said in his speech, in 2016 he voted for Bernie Sanders.
00:32:34.000And the left has completely abandoned Jews in the United States, and they've abandoned American values.
00:32:39.000That was the point Shabbos was making.
00:32:40.000And there's a permission structure for people who aren't traditional Republicans to vote Republican in this year's election.
00:32:46.000The anti-Semitic bigotry, unfortunately, extends far beyond the universities.
00:32:53.000Although I once voted for Bernie Sanders, I now recognize that the far left has not only abandoned the Jewish people, but the American people.
00:33:04.000The Democratic Party, the party I registered to vote for the day I turned 18, has become ideologically poisoned.
00:33:14.000And it is this poison, it is this corruption, that is infecting far too many young American students.
00:33:56.000First of all, this guy is significantly more with it than the current president of the United States, and he's 98 years old.
00:34:03.000It really is kind of an amazing thing.
00:34:04.000His name is William Peckerell, and he was speaking about America.
00:34:08.000And if you weren't moved, honestly, I'm not sure that you have the capacity to be moved if you weren't moved by this, And President Trump, back in Commander-in-Chief, I would go back to re-enlist today.
00:34:25.000And I would storm whatever beach my country wanted me to.
00:34:36.000Yeah, but by far the most moving and effective moment of the night, however, was the gold star families.
00:34:42.000So gold star families came forth, and these are the gold star families of The soldiers who were killed in Afghanistan during the botched withdrawal from Afghanistan, which, by the way, was the turning point of the Biden presidency.
00:34:57.000He dropped into negatives because he surrendered in Afghanistan to the world's worst human beings and got 13 American soldiers killed in the process and left tens of thousands of people who had allied themselves with America behind to be slaughtered by the Taliban.
00:35:13.000And then he had the temerity to go on that debate with Donald Trump and not only not mention any of the soldiers who had died at Abbey Gate, but to pretend that no soldiers had died on his watch, which is a lie.
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00:36:24.000And so, the most moving moment of the night, last night at the RNC, was the segment about Gold Star Families.
00:36:30.000So, the RNC put out a video, and they put it up on the big screen, obviously, of Gold Star Families from Abbey Gate, talking about how their kids had died at Abbey Gate, and how Joe Biden had basically sold them out.
00:36:58.000When all the explosions went off, I had messaged her, and I said, hey, you know, I know you can't say anything, but, you know, just an emoji.
00:37:36.000The Gold Star families were then brought out on stage, and they were welcomed by the RNC crowd, and the love in the room was amazing, obviously.
00:37:44.000Please welcome to the stage the Gold Star families of our fallen heroes.
00:37:49.000Obviously the moment of the night, all the Gold Star families standing there holding
00:39:30.000He was welcomed on the stage by his wife, Usha, who is an American of Indian heritage, and she explained how her story with JD could have only happened in America.
00:39:44.000I grew up in San Diego, in a middle-class community, with two loving parents, both immigrants from India, and a wonderful sister.
00:42:55.000Now, she once told me, when she found out that I was spending too much time with a local kid who was known for dealing drugs, that if I ever hung out with that kid again, she would run him over with her car.
00:43:10.000And it was because of his mamaw that he grew up with a certain set of values that allowed him to go on to Yale Law School, And serve the military and do all the things that he ended up doing.
00:43:20.000An amazing moment came when he paid tribute to his mom.
00:43:22.000So if you've seen the movie Hillbilly Elegy, which again, Hollywood savaged after they made it.
00:43:26.000So for a hot second, Vance's story was seen as sort of the story of why people voted Trump.
00:43:32.000And so Hollywood accepted the story, made the movie, and then they decided that Trump was evil.
00:45:37.000Vance's approach is that if you listen to his speech on economics, it is very difficult to distinguish his take on economics from Elizabeth Warren's or Bernie Sanders.
00:45:44.000That's just the reality of the situation.
00:45:46.000There was no talk last night about free markets, about innovation, about dynamic capitalism.
00:45:52.000About job creation by the private sector.
00:45:55.000All of that was basically left by the wayside.
00:45:57.000And that is, in fact, a shift for JD Vance in terms of his focus.
00:46:02.000So he connected his story with his policy.
00:46:04.000But what's kind of strange about that is he connected a very different policy with his story in Hillbilly Elegy.
00:46:09.000And this is sort of the fascinating thing about J.D.
00:46:11.000And of course, as he mentioned last night in his own speech, there is in fact a rather interesting conflict emerging inside the Republican Party about the philosophy of economics that it seeks to embrace.
00:46:21.000Vance's philosophy of economics looks much more like the Democratic Party circa 1989 than it does like the Republican Party for most of my lifetime.
00:46:30.000It is not a free market economics pitch.
00:46:32.000And again, it's very different from what he wrote in Hillbilly Elegy.
00:46:35.000So, in Hillbilly Elegy, which was really about, again, that same story that we heard him tell, his takeaway was, you have to have strong family members who are willing to inculcate values in the face of extraordinary hardship in order to build a better life.
00:46:48.000And I read some quotes from Hillbilly Elegy earlier this week, but I want you to remember those quotes as we talk about his economic plans, which in many ways are very much a reversal from what he preached in Hillbilly Elegy.
00:46:59.000He said this, what separates the successful from the unsuccessful are the expectations they had for their own lives.
00:47:04.000Yet the message of the right is increasingly, it's not your fault that you're a loser, it's the government's fault.
00:47:09.000Right, well, actually, the case that he made last night is it's sort of private industry's fault and the government's fault.
00:47:15.000And that's a very different message than the message of Hillbilly Elegy.
00:47:20.000Again, Hillbilly Elegy, which is the thing that made him famous, and the life story from which he draws is very different from sort of the economic policy that he now seeks to promote.
00:47:29.000Vance tells is kind of the same as, say, John Edwards in 2004, that it's the Main Street versus Wall Street, that there are two Americas, the America of the investor class and the America of the blue-collar working class.
00:47:42.000I mean, it sounds exactly like John Edwards circa 2004.
00:47:45.000I happen to think this is economically wrong.
00:47:55.000If this presages an economic battle inside the Republican Party, which I think it clearly does and is meant to, then that is a battle of ideas that does need to be taken up on behalf of people who actually believe in free markets.
00:48:08.000Because there was not a mention of the free market last night, the single greatest job creator and prosperity creator in human history.
00:48:14.000But the story that JD Vance tells is that basically the reason that his town died is because of government's bad policy, as opposed to changing circumstances of the economy or the breakdown of family and social life, which is really what he kind of says in Hillbilly Elegy.
00:48:29.000So here he was telling the story of what he thinks is the story of the economy over the last few decades.
00:48:35.000My friends, things did not work out well for a lot of kids I grew up with.
00:48:39.000Every now and then, I will get a call from a relative back home who asks, did you know so-and-so?
00:48:44.000And I'll remember a face from years ago, and then I'll hear they died of an overdose.
00:48:49.000As always, America's ruling class wrote the checks.
00:48:56.000For decades, that divide between the few with their power and comfort in Washington and the rest of us only widened.
00:49:03.000From Iraq to Afghanistan, from the financial crisis to the Great Recession, from open borders to stagnating wages, the people who govern this country have failed and failed again.
00:49:17.000I mean, I agree that the people who govern the country have failed and failed again, but to suggest that the free markets are to blame, which is where he turns next, is a stretch.
00:49:26.000I mean, and not only a stretch, I think on a fundamental level, not true.
00:49:30.000Again, when he says that he gets a call from his hometown about somebody who died of a drug overdose, the fentanyl crisis is in fact a crisis that is exacerbated by Joe Biden's open border.
00:49:41.000It also happens to be true that his entire book is about the idea that the only pathway for individuals in a free country out of failure is a mentality that says that you can succeed.
00:49:52.000So again, his foreign policy is colored and shaded by the fact that he served in Iraq, It is colored by the fact that he served in the military, that he is a warrior, that he comes from a warrior family, and all of that has to be taken with extraordinary respect, obviously.
00:50:11.000It's also colored by the fact that the American government did blow the war in Iraq and the war in Afghanistan.
00:50:16.000And I think that shaped everybody's response to foreign policy.
00:50:20.000It's made everybody significantly more of a realist.
00:50:23.000I mean, he didn't get into his position on Ukraine.
00:50:25.000Again, I have disagreements with him on Ukraine, obviously.
00:50:28.000But with that said, I think that the generalized idea, which is that everybody is much more wary of the interventionism of American power, that's true, and it should be true, and that's good.
00:50:38.000When it comes to economics, however, the economic program that he is preaching is disconnected from the reality of why things actually happen in the economy.
00:50:46.000And so his entire kind of Spiel here is if America puts up tariffs, if America creates subsidies, then we will bring the smokestacks back to Youngstown.
00:50:55.000And the factories, the factory jobs will just come back.
00:51:01.000As we'll discuss in a moment, just on a factual level, this is not really true, but here he was discussing, for example, NAFTA.
00:51:08.000When I was in the fourth grade, a career politician by the name of Joe Biden supported NAFTA, a bad trade deal that sent countless good jobs to Mexico.
00:51:22.000When I was a sophomore in high school, that same career politician named Joe Biden gave China a sweetheart trade deal that destroyed even more good American middle-class manufacturing jobs.
00:51:37.000When I was a senior in high school, that same Joe Biden supported the disastrous invasion of Iraq.
00:51:43.000And at each step of the way, in small towns like mine in Ohio or next door in Pennsylvania or Michigan, in states all across our country, jobs were sent overseas and our children were sent to war.
00:51:59.000Okay, now, let's be a little bit clear about this.
00:52:01.000Again, Joe Biden's a terrible president.
00:52:58.000Manufacturing output spiked between the advent of NAFTA and the recession of 2000, and then it spiked again between the recession of 2000 and the recession of 2008.
00:53:06.000That's real manufacturing output in the United States.
00:53:21.000Now, again, that is not a case for trade with China.
00:53:23.000Trade with China is a different thing than trade with other countries because China is actually an enemy of the United States and should be treated as such.
00:53:29.000For national security reasons, we should have heavy restrictions on trade with China.
00:53:33.000And it was a massive mistake to do what Joe Biden did actually do, which was broaden trade with China.
00:53:54.000Vance about tariffs against China for national security reasons.
00:53:57.000That is a different thing from suggesting that free trade has hollowed out the manufacturing base.
00:54:02.000And if it hadn't been for free trade, then it would be more of a segment of the American economy.
00:54:06.000In fact, Manufacturing as a sector of the American economy has been in significant decline, even as real output has increased in the manufacturing sector.
00:54:14.000And that's not just true for the United States.
00:54:15.000It's true for every country, including, by the way, China.
00:54:18.000China also, manufacturing as a percentage of their GDP is actually smaller than it was 10, 15, or 20 years ago because of automation.
00:54:39.000Vance blamed Wall Street for the housing crisis.
00:54:41.000Now, this is a case the right typically has not made.
00:54:44.000Wall Street acted because the Clinton administration, in its final years, passed a bill that effectively redid how subprime mortgages were done.
00:54:55.000And it allowed borrowers who could not afford their houses to get into houses they could not pay for on the assumption real estate prices would continue to rise.
00:55:04.000And then mortgage companies basically jumped into that boat because they knew on the back end that the system had been perverted and they would get paid off.
00:55:12.000Again, the sort of language he uses on economics is typically not conservative language on economics or free market language on economics.
00:55:20.000Months ago, I heard some young family member observe that their parents' generation, the Baby Boomers, could afford to buy a home when they first entered the workforce.
00:55:29.000But I don't know, this person observed, if I'll ever be able to afford a home.
00:55:35.000The absurd cost of housing is the result of so many failures, and it reveals so much about what's broken in Washington.
00:55:44.000I can tell you exactly how it happened.
00:55:47.000Wall Street barons crashed the economy and American builders went out of business.
00:55:53.000As tradesmen scrambled for jobs, houses stopped being built.
00:55:57.000The lack of good jobs, of course, led to stagnant wages.
00:56:01.000And then the Democrats flooded this country with millions of illegal aliens.
00:56:07.000I totally agree with him about illegal immigration.
00:56:09.000Everything else that he said there, I don't think is economically correct.
00:56:17.000Did Wall Street do great during the recession years?
00:56:20.000Was Wall Street, like, making bank during the recession years?
00:56:23.000He made the case certain CEOs were, but certainly Wall Street as a whole was not.
00:56:26.000And it turns out that the thing that actually stifled real estate development is over-regulation in largely populated areas.
00:56:36.000The mortgage rates continue to be extraordinarily low until Joe Biden's inflationary period.
00:56:40.000That's why so many people are not selling their homes now because they have a mortgage that's locked in at 2.5% that they got in like 2012.
00:56:47.000And now the mortgage rates are at 7.5% under Joe Biden.
00:56:59.000And meanwhile, Joe Biden is trying to induce rent control.
00:57:01.000I mean, there are a bunch of reasons for the housing crisis.
00:57:05.000But the narrative that he's telling is no different than, I mean, he himself has said that he's kind of warm toward the Bernie Sanders economic wing of the party.
00:57:12.000And there is a part of the Republican Party that is in fact that.
00:57:15.000But I think that that's a debate that should be had.
00:57:18.000Vance concluded his speech by talking about, we're done catering to Wall Street, we're catering to the working man, we're done importing foreign labor, we're gonna stamp products made in America.
00:57:26.000Again, I think a lot of these things make for great bumper stickers.
00:57:29.000I just don't think that government has the power to magically redefine how global economics works.
00:57:33.000You can talk again about reshoring jobs from Vietnam, but making t-shirts in Youngstown ain't gonna support Youngstown.
00:57:42.000In fact, the best case For the American economy, traditionally speaking, if you're talking about like lack of manufacturing jobs, Pittsburgh used to be a steel town.
00:57:50.000That's why they're the Pittsburgh Steelers.
00:57:52.000Now, the leading sector in Pittsburgh is the healthcare industry.
00:57:56.000It turns out that economics tends to progress towards service-based industries.
00:58:00.000Now, again, you can make a case and you should make a case for keeping certain basic manufacturing tasks in the United States for national security reasons.
00:58:08.000That is very different from the idea that everybody in America should pay higher prices on all goods in order to benefit particular sectors of the economy.
00:58:15.000On a non-national security basis, because there's no limiting principle there.
00:58:20.000And then you end up pretty quickly at universal basic income.
00:58:23.000You end up very quickly at bigger welfare benefits.
00:58:25.000You end up very quickly at giant taxes and subsidies for particular favored political interest groups.
00:58:31.000Maybe that's a good way to win elections in the Midwest.
00:58:44.000We're going to fight for American citizens and their good jobs and their good wages.
00:58:49.000We're done buying energy from countries that hate us.
00:58:51.000We're going to get it right here, from American workers in Pennsylvania and Ohio and across the country.
00:58:57.000We're done sacrificing supply chains to unlimited global trade, and we're going to stamp more and more products with that beautiful label Made in the USA.
00:59:07.000We're going to build factories again, put people to work making real products for American families, made with the hands of American workers.
00:59:16.000Together, we will protect the wages of American workers and stop the Chinese Communist Party from building their middle class on the backs of American citizens.
00:59:27.000He's making promises here that I just don't think anyone can keep.
00:59:38.000Again, first of all, the idea that Wall Street has nothing to do with American prosperity is just not true.
00:59:43.000Hey, the reality is that investment, first of all, most people have a 401k at this point in the United States, or at least have investments in the stock market.
00:59:50.000At least 50% of Americans have investments in the stock market, which is why it matters how the stock market does.
00:59:54.000Pension funds are in the stock market.
01:00:15.000It's why you have all these wonderful things.
01:00:17.000The way we even measure economics in the United States is broken because the stuff that we have is way nicer than the stuff that we had 15, 20 years ago.
01:00:25.000Inside my own lifetime, try explaining to your kids about the stuff that you used in 1999.
01:00:29.000They won't even know what you're talking about.
01:01:02.000Vance's speech that's getting a lot of attention is his point, and it was also made by the World War II veteran who spoke yesterday, that America is not just an idea, it's a homeland.
01:01:26.000Now it is part of that tradition, of course, that we welcome newcomers.
01:01:30.000But when we allow newcomers into our American family, we allow them on our terms.
01:01:35.000People will not fight for abstractions, but they will fight for their home.
01:01:40.000And if this movement of ours is going to succeed, and if this country is going to thrive, our leaders have to remember that America is a nation, and its citizens deserve leaders who put its interests first.
01:01:55.000Okay, now, again, I agree with everything he's saying.
01:01:57.000I'm just not sure what he's arguing against.
01:02:00.000Because, obviously, America is a nation.
01:02:18.000And the answer is, the idea that's connected to those things.
01:02:21.000He says that America's not just an idea, and of course that's true.
01:02:24.000I think the thing that he's arguing against, and here I agree with him, I think the thing he's arguing against is this sort of abstracted idea that Joe Biden uses all the time, where he says, it's not who we are.
01:02:33.000And what he means by that is, it's not who the left is.
01:02:36.000Hey, the attempt to universalize American values in the sense that they can either be exported to Iraq or imported from Guatemala.
01:02:44.000That's silly, and it's wrong, and I think that's what he is saying right there.
01:02:47.000But when he says that people don't fight for ideas, obviously that's not true.
01:03:05.000That's what America, that's what makes America a nation.
01:03:07.000And I think that's what he's trying to say.
01:03:09.000I hope that's what he's trying to say.
01:03:11.000Because otherwise I'm not sure what the exact kind of, what is he arguing against?
01:03:17.000That's really the question that I'm asking here.
01:03:19.000And I know there are a lot of people online who are taking like significant pleasure in this particular line, but it's obviously self-evident.
01:03:41.000If America were only a nation, or if it were only a home, how would you join it?
01:03:47.000Obviously he thinks you can join it, which means that the idea is very much in contention.
01:03:52.000If what he means is like baseline patriotism, wave the flag, this land matters, it matters where I'm born and where I die, obviously agree.
01:04:05.000We have a little bit more information on the assassination.
01:04:08.000It just gets weirder and weirder and more and more disturbing.
01:04:11.000Apparently, according to Jackie Heinrich of Fox News, when investigators have now reviewed the laptop of the assassin, the attempted assassin, he said, July 13th will be my premiere.
01:04:33.000The primary phone was recovered from the scene along with a remote transmitter detonator.
01:04:37.000A secondary cell phone was found at the home and had only 27 contacts.
01:04:40.000The FBI is trying to track down and interview those people, so it's getting very, very weird.
01:04:45.000Also, the Secret Service apparently identified the shooter as a threat 10 minutes before Donald Trump went on stage and let Donald Trump go on the stage anyway.
01:05:00.000Well, you're not going to get any answers from the head of the Secret Service, who was tracked down and badgered by multiple members of Congress yesterday at the Republican National Convention.
01:05:41.000You can't keep running because you cannot hide from all the people in the United States!
01:05:54.000Okay, she didn't obviously give any answers, nor was she going to.
01:05:57.000The good news, according to the Democrats, is that Donald Trump's bravery in surviving the assassination attempt, getting up, pumping his fist, and all of that, it's absolutely equivalent to Joe Biden surviving COVID right now.
01:06:08.000Like, that's an actual thing they are arguing.
01:06:15.000Donald Trump is an elderly man who, for whatever reason, was given nine seconds to take an iconic photo op during an active shooter situation.
01:06:24.000Weird situation, we'll figure that out one day.
01:06:27.000But his survival of that and bouncing right back and going right to his convention is being conveyed in the media world as a sign of strength.
01:06:36.000This current president of the United States is 81 years old and has COVID.
01:06:42.000Should he be fine in a couple of days?
01:06:45.000Doesn't that convey exactly the same thing?
01:06:47.000That he's strong enough, older than Trump, to have gotten something that used to really be Fatal to people his age.
01:06:55.000So if he does fine out of it and comes back and is able to do rallies, isn't that exactly the same?