In this episode, Ben Shapiro takes a look at the role that altruism plays in Democratic policy, and why it's a terrible thing to have. He argues that you don't have to actually be altruistic to be a good human being. You don't even have to be charitable to be good. You can be charitable with your own money. And yet, so much of Democratic policy is predicated on the idea that you are most altruistic when you are putting your hand in somebody else's pocket, and then giving away their money. You don t actually have to do anything. It's all up to you to make sure that somebody else does this thing. And then, the minute you are clocked in the face by reality, the rules you think should broadly apply to humanity, and the consequences of which are not owned by you, are good so long as you allow them to make the rules they want to make. This is a terrible attitude to have, because it actually amounts to, "I'm going to put my hand in your pocket and then give your money away." And it doesn't actually have any effect on you, but it makes you feel incredibly good because you are making someone else pay the bill. And let's face it, you don t deserve to pay that bill, because you're the good person. Ben Shapiro is on a mission to make people feel good about themselves, because they are being good. by being a good, charitable human being and helping them do something they don't deserve to do something that makes them feel good but it doesn t have to affect their life in any way other than their own pocket. This is the kind of attitude that Democrats have been taught us by their party. . This show is sponsored by ExpressVPN. It s time to stand up against big tech. Protect your data at ExpressVPN, and use ExpressVPN to protect your data, not your money, at Paribus, and stand up to big tech at Express VPN at Parcast Connecting your data with your data and your time and your voice at the end of the road to freedom and freedom. Plus, this month, when you switch over to PeerTalk, you get 1 month for free! Plus, you re getting one month for $1.99, and you get a discount code SHAPIRO for 1 MONTH for 1 month of free! Plus, they have never made the right plan for you and your family!
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00:00:24.000You know, you're spending too much money these days on everything because Joe Biden is a terrible president.
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00:01:40.000Being altruistic about your own resources, recognizing that you owe something to your community because you're a member of that community, you're a member of that body politic.
00:01:50.000You know what's a terrible attitude to have?
00:01:52.000Is when altruism actually amounts to, I'm going to put my hand in your pocket and I'm going to give your money away and then I'm going to pat myself on the back for how altruistic I am.
00:02:01.000And unfortunately, an extraordinary amount of democratic policy, economic, Environmental, foreign, enormous amounts of this policy are predicated on the idea that you are most altruistic when you are putting your hand in somebody else's pocket and then giving away their money.
00:02:17.000When you are taking somebody else's life and affecting their life in a way that makes you feel good.
00:02:22.000But it doesn't actually have any effect on you, but it makes you feel incredibly good because you are making Bob pay the bill.
00:02:28.000And let's face it, Bob deserves to pay the bill.
00:02:33.000But so long as you are making Bob pay the bill, you owe no consequences.
00:02:38.000You don't have to actually be altruistic.
00:02:39.000You don't actually have to do anything.
00:02:41.000It's all up to you to make sure that somebody else does this thing.
00:02:45.000So much of left-wing policy is predicated on this very idea that the rules that you think should broadly apply to humanity and the consequences of which are not owned by you Those rules are good, so long as you promulgate them.
00:02:57.000And then, the minute you are clocked in the face by reality, the rules become really, really bad.
00:03:32.000Environmentalism is all wonderful and good, especially for people who live in areas where you don't.
00:03:38.000Meanwhile, you get to basically fly around in a private jet, right?
00:03:41.000Environmentalism is a luxury of the wealthy, and generally, the people who are most interested in environmentalism also have the largest carbon footprint, because they also happen to be the most wealthy, and wealth goes along, in most cases, with a higher carbon footprint than people who are very, very poor.
00:03:56.000So, this has now reared its head again with the issue of illegal immigration.
00:04:00.000The left, for my entire lifetime, has basically been soft on illegal immigration.
00:04:05.000They've suggested that illegal immigration, the free movement of people across America's southern border, and the ability of those people to then rely on the American welfare state Particularly on the state and local level.
00:04:16.000The ability of these folks to move across borders, to take jobs, to not pay their full share of taxes, to get free public education for their kids, to take advantage of the healthcare system.
00:04:35.000Most of the people who are pressing this sort of policy Particularly the elite levels of the Democratic Party never actually have to deal with the consequences.
00:04:42.000They feel as though they are creating a new voter base.
00:04:44.000People are coming in and they are more dependent on government.
00:04:46.000They tend to be poorer than the average in the United States.
00:04:48.000They tend to be less educated on the average in the United States and thus they are more dependent on government largesse in the United States.
00:04:54.000And so the idea was bring this entire new group of people in and these people are more likely to vote Democrat.
00:04:58.000This is how the demographics of California, for example, shifted from California being a red to purple state and now to a pure blue, deep blue, sea blue state.
00:05:09.000In order to foment illegal immigration, what you really have to do is you have to suggest that border towns in Texas have to deal with it.
00:05:17.000And certainly not Barack Obama up in Martha's Vineyard.
00:05:19.000Certainly not Kamala Harris over at the Naval Observatory in Maryland.
00:05:23.000Those people don't have to deal with it.
00:05:25.000Certainly not Eric Adams in New York City.
00:05:27.000The people, Lori Lightfoot in Chicago, those people don't have to deal with it.
00:05:29.000Because after all, the true altruism is making sure that the people down on the border in Texas who are saying, you know what, this is really screwing up our city.
00:05:39.000Doug Ducey in Arizona, he's the bad one.
00:05:41.000The people along the border who say, you know, this is creating real societal and cultural problems and economic problems and crime problems.
00:05:47.000Those people are just, they're intolerant.
00:05:55.000And so there is something extraordinarily ironic about the hue and cry that is now coming from top level Democrats over the move by border state Republicans Ron DeSantis in Florida, which technically is not a border state, but there's a lot of illegal immigration into Florida, or Greg Abbott in Texas, who have now been saying to Democratic governors and Democratic mayors, you know, guys, if you love illegal immigration so much, if you want to say that you are a sanctuary city without actually having to deal with the predominant force of illegal immigration,
00:06:28.000And so Greg Abbott and Governor DeSantis, they've now been sending illegal immigrants to deep blue areas where they support sanctuary cities and open illegal immigration.
00:06:35.000They've been saying, now we'll see how much you like it.
00:06:37.000We'll see how altruistic you are when your hand is in your own pocket and not ours.
00:06:42.000We'll see how kind and charitable you are with your own resources and how much you like illegal immigration when it actually affects you.
00:06:50.000We'll see how much you enjoy defund the police when the criminals are sitting right side your house.
00:06:56.000We'll see how much you enjoy homelessness.
00:06:57.000When again, there are people who are camped out in your front yard.
00:06:59.000We'll see how much you enjoy high tax rates when there is no state and local tax deduction.
00:07:04.000Making people own the consequences of their own political decision-making is a net positive.
00:07:09.000This is also true, by the way, intergenerationally.
00:07:10.000Democratic economic policy is predicated on the idea that you can steal from future generations and then you can use the money here.
00:07:15.000And this is not just true in the United States.
00:07:18.000The decline of Western economics is largely based on the fact that we have abandoned These sort of Burkean notion that you owe a debt to future generations, not the other way around, right?
00:07:28.000They owe a debt to you in the sense that they are supposed to inherit a stable and decent system, but they are not supposed to pay your bills.
00:07:36.000It is a fundamental fact of morality that a parent is supposed to provide for the child.
00:07:42.000And that typically speaking, only in old age are children supposed to provide for their parents.
00:07:46.000But the idea is not that you burden your unborn grandchildren with debts they are never going to be able to pay.
00:07:51.000And yet we have broken that intergenerational barrier.
00:07:56.000And so now we have basically impoverished our children and grandchildren on the back of extraordinary levels of public and yes, private debt here in the West.
00:08:04.000And that is why you're seeing low rates of economic growth across the West.
00:08:06.000And this has been true for at least a couple of decades.
00:08:10.000So making people own the consequences of their decisions in the here and now is a very good way of forcing better policy.
00:08:16.000So I'm very much in favor of Ron DeSantis, for example, sending a couple of charter planes of illegal immigrants to Martha's Vineyard.
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00:09:59.000According to the governor's communications director, Taryn Fenske, she said yes, Florida can confirm the two planes with illegal immigrants that arrived in Martha's Vineyard today were part of the state's relocation program to transport illegal immigrants to sanctuary destinations.
00:10:10.000States like Massachusetts, New York, and California will better facilitate the care of these individuals who they have invited into our country by incentivizing illegal immigration through their designation as sanctuary states and support for the Biden administration's open border policies.
00:10:21.000As you may know, in this past legislative session, the Florida legislature appropriated $12 million to implement a program to facilitate the transport of illegal immigrants from this state consistent with federal law.
00:10:32.000But DeSantis has sent migrants on a plane to Martha's Vineyard.
00:10:34.000to the after hours email saying the Baker-Polito administration is in touch with local officials regarding the arrival of migrants in Martha's Vineyard. At this time, short-term shelter services are being provided by local offices. The administration will continue to support these efforts. Here's a little bit of the video of the charter planes arriving in Martha's Vineyard.
00:10:48.000But DeSantis has sent migrants on a plane to Martha's Vineyard.
00:10:54.000Now, this is where the Obamas have a home, Oprah, Beyonce, even James Taylor, who's going to be seeing fire, rain, and migrants.
00:11:27.000Every town's a border town, and we need to make sure we get our southern border secured exactly like we did for four years, Jesse.
00:11:33.000Meanwhile, the Texas governor, Greg Abbott, is doing something similar with regard to Kamala Harris.
00:11:37.000According to Fox 5 DC, Fox News is reporting that two buses of migrants arrived on Thursday morning outside Kamala Harris's residence at the Naval Observatory in Washington, D.C.
00:11:45.000Approximately 100 migrants, mainly from Venezuela, arrived just before 7 a.m.
00:11:48.000from Del Rio, Texas, and were offloaded near the Naval Observatory's main guard gate.
00:11:52.000The migrants were picked up in Eagle Pass, Texas, and were sent by Governor Greg Abbott.
00:11:55.000Here's a little bit of Fox News's report.
00:11:58.000Buses filled with migrants from our southern border have just arrived outside Vice President Kamala Harris's residence at the Naval Observatory in Washington, D.C.
00:12:11.000Griff Jenkins is live on the scene to tell us more.
00:12:14.000Griff, is that Massachusetts Avenue that I'm looking at right there?
00:12:20.000Yeah, good morning Steve, Anthony, and Brian.
00:13:06.000Not just... I mean, don't we have a statue?
00:13:09.000And on that statue it says that we should take in our tired, our weary, our huddled masses yearning to be free.
00:13:15.000Don't we have... I mean, the Statue of Liberty!
00:13:17.000The Statue of... Okay, now, this has been a typical Democratic talking point for a very long time, but it turns out that the Statue of Liberty is in New York.
00:13:24.000So if we send the migrants to New York, then presumably everything should be hunky-dory, right?
00:13:28.000If we send the illegal immigration wave that has been fostered by this administration, we're talking in excess of 1.3 million illegal immigrants have entered the country since Joe Biden took office.
00:13:37.000And that is not counting the gotaways, which could be up to another million.
00:13:41.000And when you have that many people who are arriving and they are swamping border towns, those towns don't have the resources for them.
00:14:06.000You shouldn't be foisting them on the people who are unfortunate enough to live at the border that you have decided to leave wide open in complete defiance of basic governmental duty.
00:14:17.000And yet the reaction from the left has been this extraordinary wailing and gnashing of teeth.
00:14:33.000It's like the nicest place in America.
00:14:35.000But if an illegal immigrant arrives there on a bus, then it's like Auschwitz.
00:14:39.000Basically, you send a bus filled with people to Martha's Vineyard, and my God, it's a human rights violation.
00:14:44.000It's not a human rights violation, by the way, to leave the border open and incentivize hundreds of thousands of people, including small children, to cross some of the most dangerous areas on planet Earth.
00:14:53.000There have been something like over a thousand migrants who have been found dead along the American border because people are falling, people are sick, people are starving, people are dehydrated.
00:15:04.000You have serious migration crisis human rights violations by coyotes who are bringing people in in hot trucks and then leaving them to die in the back of these trucks.
00:15:14.000But you know what's a real problem is if you put people on air-conditioned airplanes from Florida to Martha's Vineyard, that's a serious problem.
00:15:20.000I've noticed that maybe it's only a serious problem because now you have to see it.
00:15:25.000And now you have to own the consequences.
00:15:28.000It turns out, as always, that Democratic policy, blue state policy, blue city policy, it's all fun and games until they actually have to pay for it.
00:15:36.000You as a business, you've been paying for their bad policy for at least a couple of years.
00:15:49.000This is why you need to talk to my friends over innovation refunds.
00:15:51.000If your business has five or more employees and managed to survive COVID, you could be eligible to receive a payroll tax rebate of up to 26 grand per employee.
00:16:38.000Again, that is GetRefunds.com, GetRefunds.com.
00:16:43.000It's amazing to me the extent to which we are told that a city like New York City, okay, so New York City has a population, a grand total population in New York City of 8.4 million people.
00:16:55.000If 1,500 migrants show up from Texas, we are told that this strains the city's resources.
00:17:02.0008.4 million people live in New York City.
00:17:04.000How many people live in Del Rio, Texas?
00:17:07.000Del Rio, Texas, I'm sure is taking in, it's like 36,000 people live in Del Rio, Texas.
00:17:13.000So when they're hit with 1,500 migrants, that's a good thing, according to the residents of New York City.
00:17:17.000When 1,500 illegal immigrants arrive in New York City, a city of 8.4 million people, that's a really, really bad thing.
00:17:42.000So here is Lori Lightfoot, the absolutely incompetent mayor of Chicago, a place where there are more shootings every weekend than a typical weekend in Iraq.
00:17:51.000Suggesting that, you know, the real problem here is it's a national problem.
00:17:54.000I noticed that now you think it's a national problem.
00:19:39.000The administration's got this whole thing under control.
00:19:41.000According to the Wall Street Journal, Illinois Governor J.B.
00:19:43.000Pritzker declared an emergency and called up 75 members of the Illinois National Guard to marshal resources to cope with an influx of asylum seekers busted Chicago and other cities by Texas Governor Greg Abbott.
00:19:52.000About 500 migrants have arrived in Chicago since the first busload pulled into a downtown bus station on August 31st.
00:19:58.000More continue to arrive without any advance notice from Texas.
00:20:01.000Pritzker said the state of Illinois is doing everything in its power to support local jurisdictions to help ensure that the right tools and supports are in place as we move forward with this humanitarian response.
00:20:09.000This proclamation will help the Illinois Emergency Management Agency and other state agencies coordinate with the city of Chicago, Cook County and other local governments to provide services to migrants.
00:20:16.000Those services include transportation, emergency shelter and housing, food and medical attention.
00:20:21.000And of course, Pritzker criticized Abbott.
00:20:23.000He said it was a stunt playing games with people's lives.
00:20:25.000No, you know, it's a stunt playing games with people's lives, like actual lives.
00:20:28.000It's not playing games with people's lives to send them to a major American city with a huge welfare program.
00:20:33.000You know, it's a major stunt leaving the border open.
00:20:35.000That is a major stunt that you guys have been doing for literally decades.
00:20:39.000Governor Abbott said, quote, Sanctuary City mayors complain they're overwhelmed by a few dozen migrants arriving on buses from Texas.
00:20:44.000It's a fraction of what Texas faces on a daily basis.
00:20:46.000We will continue busing migrants until Biden secures the border.
00:21:09.000So they won't just say, we're going to close the border.
00:21:11.000Instead, they're still using Title 42, COVID emergency, which they said they were going to end, and which they said is no longer applicable.
00:21:17.000They are saying that they're going to use Title 42 to pressure Mexico to take all of these migrants now.
00:21:22.000So they're not going to say the quiet part out loud, which is illegal immigration is a problem for the United States.
00:21:26.000Instead, they're going to pretend that this is a COVID threat still, and they're going to do it quietly behind closed doors.
00:21:31.000Secretary of State Antony Blinken raised concerns about an escalating number of crossings by migrants from the three countries during a visit on Monday to Mexico City.
00:21:48.000So, again, Democrats owning the consequences of their own actions, it's the killer app.
00:21:53.000It's the kryptonite to democratic bad policy, which shifts the burden of their policy positions to literally everyone else.
00:22:00.000The big problem for Democrats, of course, is that every time they have to own the consequences of their own actions, things get really, really bad.
00:22:06.000There's one consequence, however, that we all have to meet in life.
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00:23:08.000Speaking of which, this again, all democratic policy is predicated on the idea that you pay for it, that you are the person who is supposed to pay for all of this.
00:23:16.000The latest example of this is this U.S.
00:23:18.000railroad strike, which was just averted as a tentative deal was reached.
00:23:21.000So Joe Biden has made it a high priority in the United States to boost unions.
00:23:49.000The biggest issue in American public life is unions that sign actual contracts with the government of the United States, paying for the people Who they are negotiating with to get elected.
00:23:59.000That's just the most corrupt bargain in American public life.
00:24:03.000We're supposed to pretend that this is all normal.
00:24:05.000It is not normal that the unions spend every election cycle billions, maybe billions of dollars to get Democrats elected, and then they negotiate with those same people for really, really Wonderful and rich contracts.
00:24:18.000And you know who pays the bill for that?
00:24:30.000Your political allies Get all the benefits and your political enemies are the ones who receive all of the costs.
00:24:36.000You stick everybody else with the bill.
00:24:37.000And this is a perfect example of this.
00:24:39.000So Joe Biden has driven approval of labor unions to the highest point since 1965, according to Gallup.
00:24:45.000Americans approval of labor unions, which was all the way down at like 48% in 2009, has been steadily increasing to the point where it's now at almost 68%.
00:24:52.000That is the highest point that has been in 50 years, basically.
00:24:58.000That is the current highest rating that they've ever seen.
00:25:00.000That is because, again, Democrats approve of labor unions because labor unions basically are a Democratic Party tool.
00:25:07.000Approval has increased among nearly major all-demographic subgroups since 2016.
00:25:13.000Their approval has been no lower than 75% since 2001.
00:25:14.000percent since 2001. Currently 86 percent of union members approve of unions down from the recent high of 93 percent in 2019. Approval is relatively high among young adults aged 18 to 34 most of whom are not members of unions by the way and don't actually have to abide by union strictures and those with annual household incomes under 40,000 dollars.
00:25:31.000Democrats approve of unions by an extraordinary scale, right?
00:25:37.000That is really where the uptick has happened, because Democrats have put heavy focus on the people who basically pay for their politicians to get elected.
00:25:45.000Do you approve of billionaires spending money on behalf of your political interests?
00:25:55.000That's basically what the labor unions do.
00:26:31.000He's done it on everything from the teachers where he's got Randy Weingarten, one of the most nefarious figures in American public life, a person who essentially kept children out of school for two years because she's such a Because she cuts directly against the interests of school children.
00:26:46.000She basically runs education policy at the Biden administration.
00:26:50.000You have labor unions that are running the ports that have contributed heavily to the supply chain crisis.
00:26:55.000And now, directly prior to the midterm elections, this was no coincidence, the railroad unions decided they were basically going to hold up the store.
00:27:01.000And the amount of damage that was likely to have been done if this railroad strike had happened would have been egregious, which meant that they had Joe Biden over a barrel.
00:27:09.000Andrew Biden was then going to hold all of the railroads over a barrel.
00:27:13.000All of the railroad owners and private public partnerships and all the rest of this.
00:27:19.000Well, the strike, according to the New York Times, would have exacerbated the congestion that has plagued American ports.
00:27:23.000It would have brought fresh pressure to bear on trucking companies, the most obvious alternatives for moving freight, as they complain they still can't find enough drivers.
00:27:28.000It would have stymied the movement of goods, just as politicians and markets wrestle with soaring prices for consumer products.
00:27:34.000Rail moves roughly two-fifths of long-distance American freight and one-third of exports, making the stakes enormous.
00:27:39.000Also, rail is a central component of a complex global supply chain that depends on the coordinated movements of cargo ships, trains, and trucks.
00:27:47.000So, what exactly was going to happen here?
00:27:49.000Well, what was going to happen here is more economic disaster.
00:27:51.000And Joe Biden couldn't have that before a midterm election, so he gave away the store.
00:27:56.000How much did the Biden administration give away the store in this deal that was just cut with the railroad unions?
00:28:02.000It's so bad, they won't even release the details of the deal.
00:28:17.000According to the Wall Street Journal, the White House said Thursday it had reached a tentative agreement to avoid a potential railway strike that threatened to shut down a crucial vein of the U.S.
00:28:35.000Everybody else pays the price, just not Joe Biden.
00:28:37.000Joe Biden said the tentative deal is an important win for our economy and the American people.
00:28:41.000He credited the unions and rail companies for negotiating in good faith and reaching a tentative agreement that will keep our critical rail system working and avoiding disruption of our economy.
00:28:48.000The Biden administration had been holding talks with representatives from both sides to avoid transport disruptions that could have snarled supply chains, putting new pressure on prices when inflation has been hovering near four-decade highs.
00:28:58.000Ahead of the Friday deadline, passenger rail provider Amtrak said it would suspend all long-distance train services starting on Thursday.
00:29:04.000While the negotiations don't actually involve Amtrak workers, the company's long-distance trains operate on freight lines.
00:29:10.000Amtrak said Thursday it was restoring long-distance train services.
00:29:14.000The company was contacting customers to accommodate them on the first available departures.
00:29:18.000Labor Secretary Marty Walsh, who had been meeting with the representatives and who is basically just an emissary of the unions, applauded the agreement on Twitter, quote, moments ago, following more than 20 consecutive hours of negotiations at the Department of Labor, the rail companies and union negotiators came to a tentative agreement that balances the needs of workers, businesses, and the nation's economy.
00:29:35.000The White House didn't specify the details of the tentative deal.
00:29:37.000But you know who did spill some of the details?
00:29:39.000The Association of American Railroads.
00:29:41.000Which represents the nation's freight railroads.
00:29:43.000They said three unions representing about 60,000 workers had reached a tentative agreement.
00:29:47.000Okay, so what exactly is in this agreement that the Biden administration just forced through?
00:29:51.000Which is going to increase your costs.
00:29:52.000Okay, there's just no question about this.
00:29:54.000How sweet is this deal for the unions?
00:29:57.000The new contracts provide rail employees with a 24% wage increase during the five-year period 2020 through 2024.
00:30:55.000Why, almost as though the Biden administration basically went to all of these railroad companies and said, your brains or your name is going to be on this piece of paper.
00:31:02.000Because we cannot afford to go into a midterm election with snarled supply lines and Transportation Secretary Pete Buttigieg trying to go back on paternity leave.
00:31:11.000The Association did not mention whether changes to attendance policies were made as part of the deal.
00:31:15.000The AAR said the terms were reached following the recommendations of the Presidential Emergency Board Number 250, which was established by the White House to investigate the dispute.
00:31:23.000So the White House basically put together a blue ribbon commission, and then they crammed down the deal.
00:31:28.000Earlier, one of the unions representing U.S.
00:31:30.000railroad workers said its members had rejected a tentative agreement its leaders had reached.
00:31:33.000The International Association of Machinists and Aerospace Workers, or IAM, had said its 4,900 members had voted to reject an agreement reached with the biggest U.S.
00:31:40.000freight railroads as part of broader negotiations.
00:31:42.000A central dispute was over attendance policies and unscheduled days off if workers or their family members got sick.
00:31:47.000Two other labor unions had also raised the issue and were seeking to include changes to attendance policies in the talks.
00:31:53.000So now these agreements are going to go back to the unions for a vote.
00:31:57.000Under the deal, the parties agreed to a post-ratification cooling-off period expected to last several weeks.
00:32:03.000If the talks had broken down and led to a strike, Congress could have intervened to delay or stop any strike.
00:32:07.000But White House officials were reluctant to call on Congress to step in to extend the deadline for negotiations or force a resolution to the dispute, of course.
00:32:13.000Of course, they didn't want Democrats in Congress to have to go back to their union crony district and tell the unions that we stopped you from destroying the supply chains in the middle of an emerging recession.
00:32:24.000Pelosi, Nancy Pelosi, the House Speaker, she said Congress stood ready to take action, saying that it had the authority to ensure the uninterrupted operation of essential transportation services.
00:32:33.000She said the House had prepared and reviewed legislation.
00:33:25.000Well, folks, this week, Obama economist Larry Summers said we have a serious problem with inflation, but Joe Biden refuses to see it that way.
00:33:35.000It must be fun to be Joe Biden where everything is just hunky-dory and every day somebody wakes you up and reminds you you're President of the United States.
00:33:40.000Well, we thought we'd give the old fellow the benefit of the doubt.
00:33:43.000We applied his fiscal policies to our Dailyware merch sale to see if it gave you a better deal.
00:33:47.000After crunching the numbers, we quickly realized no one wants to pay 8.3% more for anything.
00:33:55.000You can now get my legendary Facts Don't Care About Your Feelings button for only $15 or a classic Old Glory baseball bat signed by moi.
00:34:03.000It's about to get worse in a bunch of ways.
00:34:05.000off Daily Wire merch during our inflation reduction event.
00:34:08.000While supplies last, just go to dailywire.com slash shop. Be quick, it ends Sunday.
00:34:13.000Alrighty, so meanwhile, the inflationary spiral that this administration has brought about, it's about to get worse in a bunch of ways. One area where it's about to get worse is that Social Security is about to push forward a massive cost of living adjustment that spikes all of those checks.
00:34:28.000So remember, social security has a COLA, a cost of living adjustment, baked into the cake, right?
00:34:33.000As the cost of living increases, social security checks are supposed to rise.
00:34:37.000Well, they haven't really been rising to keep pace with inflation because nothing can rise that fast.
00:34:42.000I mean, they're rockets that don't move as fast vertically as the inflation rate is currently moving right now.
00:34:47.000In a letter sent on Tuesday, according to The Hill, Senior Citizens League Policy Analyst Mary Johnson said recipients could see an 8% COLA spike next year.
00:34:54.000That is a huge increase, reflective of high inflation people are experiencing across the country.
00:34:58.000It's actually a smaller COLA than the Senior Citizens League projected just a month ago.
00:35:02.000At that time, Johnson was forecasting an almost 10% hike.
00:35:04.000Hey, so if you're talking about an inflated economy, you know how many people are on Social Security in the United States?
00:35:10.000The number of people on Social Security in the United... I mean, we're talking tens of millions of people.
00:35:16.00069.1 million people receive benefits from programs administered by Social Security.
00:35:22.000Almost 70 million, probably now in excess of 70 million because those are 2019 stats.
00:35:25.000In excess of 70 million Americans receive some sort of benefit from Social Security.
00:35:30.000A lot of those benefits are cost of living adjusted.
00:35:32.000So as those checks go out and those checks are now larger in number to reflect the inflation, they're going to boost the inflation because you're now injecting more liquidity into the system.
00:35:41.000You're injecting more money into the system, which is going to put prices, put pressure on prices upward.
00:35:47.000It turns out that once you start baking inflation into the cake, the cake just keeps rising and there is no way to prick that cake and make it go down.
00:35:54.000You can't reduce the inflation, except through extraordinarily harsh measures from the Federal Reserve, which is what is expected to come next.
00:36:02.000So you're going to go from very high inflation to a significant economic downturn.
00:36:06.000And the fact is, by the end of the year, the Federal Reserve is now talking about interest rates at something like 4.5% minimum.
00:36:13.000And just by way of contrast, The current Fed funds rate is approximately 2.3%, 2.33%.
00:36:24.000Okay, so you're talking about more than, essentially doubling the Fed funds rate.
00:36:32.000That is what we are talking about right now.
00:36:35.000You think that's not going to have any impact on economic growth or job growth or any of the rest?
00:36:40.000Because again, when you make other people pay the bills, eventually the bill comes due.
00:36:43.000Well, even ABC News has been forced to report that the inflation stats are real bad for Democrats.
00:36:47.000So here's ABC News reporting that families are spending $460 more every month than they were spending just a couple of years ago.
00:36:55.000Inflation isn't going anywhere, and the average American family, according to Moody's, is now spending $460 more every single month in order to deal with these price increases.
00:37:07.000And you're seeing it in inescapable areas, like grocery prices up 13.5%.
00:37:13.000Shelter costs, those include rent prices, up 6.2% from a year ago.
00:37:15.0006.2% from a year ago and medical care services up 5.6% from a year ago.
00:37:39.000So Ron Klain, who only appears on MSNBC and CNN, you know, his friendlies, the White House chief of staff, he says, you know, inflation is going well, guys.
00:38:43.000Meanwhile, you've got people like Chris Coons, the Democratic Senator from Delaware, who again is celebrating.
00:38:48.000Love all the chyrons on MSNBC, which are basically just written directly by the Agiprop team over at the White House.
00:38:54.000President Biden holds White House events to celebrate passage and signing of the Inflation Reduction Act.
00:38:58.000Here's Chris Coons doing the same thing.
00:39:00.000The inflation reduction act is going to reduce prescription drug prices, healthcare prices, energy prices.
00:39:07.000There's a $300 billion down payment on reducing the deficit this year, and there's those significant additional measures to reduce the cost that most households feel, whether at the pharmacy or at the pump.
00:39:21.000Or in paying their monthly heating bills.
00:39:23.000I think as Americans go to the polls in November, they'll see these two sharp contrasts.
00:39:29.000President Biden and the Democrats passing a fully paid for bill that tackles the daily prices that matter to them, that tackles the climate crisis, that makes our country more competitive and more secure.
00:39:41.000Do you feel more competitive and more secure because we're going to spend a trillion dollars on green boondoggles?
00:39:59.000Meanwhile, Joe Biden was on the campaign trail, which is to say that he was stumbling around.
00:40:03.000He went to a car factory, I believe it was at Ford, and he was driving a $61,000, it was a Cadillac actually, he was driving a $61,000 electric Cadillac, which is what you need, right?
00:40:14.000I mean, in order to fight those high gas prices and inflation, if you could actually spend like 60 grand on a car right now, Joe Biden is up for it.
00:40:20.000And he was walking around attempting to speak words from his face hole.
00:41:00.000And then, it wouldn't be a Joe Biden speech without some creepy whispering.
00:41:03.000And he's gonna treat that microphone like it's a 14-year-old girl who just used some herbal essences.
00:41:08.000I used to always hear from my friends on the other team, yeah, they spend a lot of money, and maybe some of it worthwhile, but they're just increasing the deficit.
00:42:17.000They can afford to go down to the local grocery store.
00:42:19.000They can go to the bodega in New York City and they can pick up their milk.
00:42:21.000It's the people in the working class who are paying for all of this bad economic policy.
00:42:25.000And those people are disproportionately minority.
00:42:28.000This is why the Wall Street Journal is reporting That Latinos are moving sizably toward the Republican Party.
00:42:34.000Latino voters are among the fastest growing groups in the electorate, accounting for some 16 million voters in 2020, more than 10% of the voter pool.
00:42:41.000Once a solidly Democratic bloc, Latino voters are emerging as a swing group, available to both parties, with its voting preferences splitting along economic and class lines.
00:42:49.000In 2020, Latino voters who backed one of the two major candidates gave Joe Biden 63% of their vote, but that was 8 percentage points lower than Joe Biden's party had won four years earlier.
00:42:59.000Moving away from Biden's party was even larger, some 11 points among Latinos who are working class, commonly defined as anyone without a four-year college degree.
00:43:06.000And those are the people who are paying the bill for all of this.
00:43:08.000All right, you guys, the rest of the show is continuing now.
00:43:11.000We'll be getting into Nancy Pelosi, who's cracking lies about abortion, plus the Supreme Court apparently going after an Orthodox Jewish school for the great crime of not forwarding the LGBTQ plus minus divided by sign happy face emoji agenda.