Joe Biden is still running for re-election in November, but he's not going to get it, and it's not because he's dumb or dumb-minded. It's because he has dementia, and his policies are bad, and they're bad because they're dumb and dumb because they are bad. Joe Biden is a bad president, and he's going to be even worse if things continue along the path that they are currently moving, which is to say, Joe Biden's policies are a disaster. Today's episode is all about how bad they are, and why they're going to hurt his chances of getting re-elected in 2020 and beyond, and how we should all be worried about what's going on with the economy and the economy in general, not just in the short term, but also in the long term, because they don't seem to be getting any better, and in fact, they're getting worse, and that's a good thing, because the economy isn't getting any faster, and we're not getting any fatter, and the real estate market isn't any better either, and there's no signs that it's slowing down any time soon, which means that the housing market is going to have to get a lot worse, either. at least we can all agree that Joe Biden needs to go home and get some rest and recoup what he's lost in 2020, and maybe even a little bit more in 2020 and maybe a little more in the next election year in order to have a chance to get back on track or at least to have any chance of re-elect in 2020 at all things he s running for a chance at getting anything at all he s got going at all of his dreams of getting a shot of a shot at getting a chance of getting anything he s actually getting anything done at all after all he wants even if it s not getting anything going at it at all . this is not even close to what he s getting any of it, you know what? maybe not even getting much of what he needs to do, but it s getting worse than he s any chance at all, at least not much at all. -- it s going to happen, and I think he s not that bad, is he s just not that much better than he thinks he s gonna get any better than that, is it ? is this even possible, right?
00:01:14.000So he walks into walls, but at least the policies are good.
00:01:16.000The problem is the policies are really, really bad.
00:01:19.000So a couple of pieces of news, economic news this morning.
00:01:22.000Consumer prices rose 3.2% from one year earlier in February, which means that, remember, the inflation rate in the United States, we aim to keep that at 2%.
00:01:31.000That's what the Federal Reserve aims at.
00:01:33.000We are still clocking in at well above 3, so 50% higher than exactly what you would want.
00:01:39.000According to the Wall Street Journal, an underlying measure of inflation was stronger than expected last month, introducing greater uncertainty over whether and when the Federal Reserve will lower the interest rates.
00:01:47.000The Labor Department on Tuesday reported that its index of consumer prices rose 3.2% in February from one year earlier.
00:01:53.000Economists polled by the Wall Street Journal had expected 3.1%.
00:01:56.000Prices actually rose 0.4% from the previous month.
00:02:00.000That was, in fact, in line with economists' expectations.
00:02:06.000That's more than what economists expected.
00:02:07.000Core prices were up 3.8% from one year earlier.
00:02:11.000So that core price inflation is 3.8% again.
00:02:14.000Remember, we aim for 2%, so that's almost double what you are looking for.
00:02:18.000Okay, and what that means is that all of the interest rates are going to remain high for the foreseeable future.
00:02:24.000So the Federal Reserve tries to combat inflation by increasing interest rates, which is the overnight rate at which the Federal Reserve lends to banks, and the banks lend to one another, and that is then passed on to the consumer.
00:02:34.000The basic idea is that when you tighten up the credit, that means that fewer people are borrowing, less money flowing around the economy, means the prices tend to decrease.
00:02:41.000That's the reason you increase the interest rates.
00:02:44.000The Federal Reserve wanted to decrease the interest rates in advance of the election to get that money flowing again, to heat up the economy, to make sure that hiring stays at really high levels leading up to Biden's re-elect effort in November.
00:02:55.000The problem is that inflation is just not cooperating.
00:02:59.000And that means the interest rates are likely to stay high, which is why a few years ago you could get a mortgage for 3%, and now your mortgage is costing you like 7%.
00:03:06.000Which, by the way, is leading to the bizarre situation in the real estate markets right now.
00:03:11.000The stickiness in the real estate markets is created not by demand for single-family housing.
00:03:16.000The stickiness is created by the lack of actual supply.
00:03:19.000No one can sell their very high-priced house right now, because if they did, they would have to buy a new house And their interest rate would go from the mortgage they have now, which they took out five years ago, at 3%, and they would have to get a mortgage at 7%.
00:03:31.000So nobody's actually selling right now.
00:03:33.000So you have a very sticky real estate market that is cruising for a bruising all on its own.
00:03:37.000According to the Wall Street Journal, President Biden signaled optimism during a campaign event last week that the Federal Reserve was going to cut interest rates soon.
00:03:44.000The economic forecast in his budget released on Monday, however, offer a different message, curb your enthusiasm.
00:03:49.000Economic forecasts released Monday as part of the White House's 2025 budget proposal assume that three-month Treasury bill rates will average 5.1% this year, that's the same as in 2023, before declining to 4% next year and 3.3% in 2026.
00:04:02.000The White House last year projected a somewhat lower path for interest rates in part because it assumed a meaningful slowdown in growth in 2023 that didn't actually materialize.
00:04:11.000Now, the biggest problem with these high interest rates is that that actually means the way that works, because they are connected to, for example, the bond market, The way that works when the interest rates are high is that if you sell a bond and the interest rate is, say, 7% or 8% or, in this case, 5%, that means that the U.S.
00:04:28.000government is going to have to pay that off down the road.
00:04:30.000And that means that when you take new debt, new debt is more expensive.
00:04:33.000And that's a big problem because we are blowing out the spending like nobody's business.
00:04:38.000Joe Biden, again, is not on solid footing in this election cycle.
00:04:54.000I mean, we've seen that pretty much for every Democrat since Bill Clinton.
00:04:58.000The idea was that you would just promise the world to voters, we're going to spend money that does not exist and we're going to do so by borrowing and by taxing.
00:05:07.000And the taxes never actually materialized because as it turns out, tax revenue is not capable of sustaining the kind of spending we are doing, not unless you decide to really tax the middle class.
00:05:17.000What Democrats want is a Norwegian standard of living.
00:05:21.000Without the kind of oil wealth provided by the Norwegian oil industry.
00:05:27.000And without taxing the middle class in the way that Norway does.
00:05:30.000The dirty secret of living like Scandinavia is they gotta tax everybody who makes about $60,000 a year the same rates that you're taxing people who are making like $500,000 a year.
00:05:40.000Again, America has an incredibly progressive tax system.
00:05:43.000People at the top of the income spectrum pay nearly all net taxes in the United States.
00:05:47.000That is not true in the social democracy European countries.
00:05:50.000Those countries start taxing people at exorbitant rates when they hit like the lower middle class.
00:05:56.000But that's something Democrats don't want to do because they understand that if they do that, they'll be politically unpopular with many of the people who are going to vote for them.
00:06:01.000So instead, they decide that they're going to promise extraordinary levels of spending, and then they're going to force Republicans into the corner because Republicans are going to say, we can't spend that much.
00:06:11.000This is why Joe Biden has now released his fiscal 2025 budget.
00:06:15.000Now this budget has no chance of passage.
00:06:17.000All these budgets do, Trump used to do this too, all these budgets do is they serve as the basis for all political debate for the next year.
00:06:25.000So basically it's a list of priorities for Joe Biden.
00:06:28.000We'll get to more on this in just one moment.
00:06:29.000First, when we say something is free, it should mean, you know, free.
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00:07:28.000So what exactly are Joe Biden's priorities?
00:07:31.000Well, I mean, his priorities apparently are taxing people a lot of money, cutting military spending in the face of the most chaotic world situation of the modern era.
00:07:41.000He wants to cut military spending because effectively that's what he does.
00:07:45.000He wants to maintain the spending trajectory of Social Security and Medicare.
00:07:50.000And somehow, he says this is going to lower the deficit.
00:08:29.000That was during a full-scale pandemic when people were literally told to stay home and the federal government paid everyone's bills for a year.
00:08:37.000In this particular case, we are not in the middle of an actual fighting war in which American soldiers are directly involved.
00:08:44.000It's not World War II, so these levels of government spending are not justified.
00:08:48.000We're not even in the middle of a pandemic.
00:08:49.000These levels of spending are clearly unjustified.
00:09:34.000That is why colleges now cost way more than they used to.
00:09:37.000When the federal government signs a check to somebody, people raise the price of the thing.
00:09:43.000Literally every product the federal government has ever gotten involved with has gotten more expensive over time, as opposed to the free market, where competition brings the price down on things.
00:09:52.000So when people say that Joe Biden is going to somehow lower the cost of prescription drugs or childcare or housing or all the rest of this stuff, that is incorrect.
00:11:52.000Biden would spend only 3.1% of GDP on defense in 2025, and then it would continue to fall for the rest of the 10-year budget window to 2.4% of the economy in 2034.
00:12:04.000So, obviously, folks in Beijing are going to be super happy about that if the United States continues to cut its own military budget in the middle of a chaotic world situation.
00:12:14.000Biden is proposing spending $7.3 trillion in 2025.
00:12:15.000That is an increase of $1.1 trillion in just two years.
00:12:21.000Remember, he says he's fiscally responsible.
00:12:24.000He wants to spend 24.8% of the entire national economy.
00:12:30.000By way of contrast, from 1974 to 2023, the average was 21%.
00:12:35.000So he wants to spend more money than we have for the last 50 years on average in the middle of a non-pandemic non-war.
00:12:43.000He also says that he wants to increase tax revenue So he's playing with the tax numbers because in order for you to actually suggest what tax revenue will be, you have to forecast economic growth.
00:12:58.000Again, Joe Biden is going to stagnate the economy.
00:13:02.000We'll get to more on this in just one moment.
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00:14:33.000That means that more money, we'll be spending more money in terms of servicing our national debt than we spend on our military budget every year in the very near future.
00:14:45.000Public debt in his budget keeps growing to 106% of GDP in 2030.
00:14:50.000Interest on the debt will surpass defense spending this year when it hits $890 billion.
00:14:55.000It keeps climbing to $1.57 trillion over the next decade.
00:14:59.000That's how much money we'll just be spending on the interest payments on the debt that Joe Biden is proposing right now.
00:15:06.000And again, none of this makes any fiscal sense because when he says, for example, he's going to tax the rich to get out of this, that's not true.
00:15:16.000The simple fact of the matter is that there is no way to tax the rich enough to pay for the kinds of things that Joe Biden wants to pay for.
00:15:23.000He doesn't really want to pay for them because he knows this is not going to pass.
00:15:26.000The Biden budget is premised on steady non-recessionary GDP growth and a continued low unemployment rate at or just below 4%.
00:15:32.000So again, these are numbers that make no sense.
00:15:40.000It's amazing to me that Democrats continue to trot this sort of stuff out.
00:15:43.000But again, he's trying to pick fights with Republicans.
00:15:50.000The other day, Donald Trump was asked about entitlements.
00:15:51.000Now, one of the things that Donald Trump has done is, for political reasons, he has suggested over the course of his career in presidential politics that he will not touch entitlements.
00:16:00.000He won't touch Medicare, he won't touch Medicaid, he won't touch Social Security, and all the rest.
00:16:06.000Now, on a political level, it's smart.
00:16:08.000Because the truth is, Americans like status quo, and every major economy has effectively run directly into austerity measures and or riots at a certain point with regard to this.
00:16:19.000So it's all kicked the can down the road from political level.
00:16:22.000If you're a politician, you want to kick the can down the road on social security and Medicare.
00:16:26.000Anybody who attempts to change the status quo on social security and Medicare, say George W. Bush in 2005, after he won reelection, he said he wanted to fix social security by privatizing it.
00:16:37.000Privatizing in that sense meant the federal government would still make you pay a social security tax, But instead of that going into a government quote-unquote lockbox, or instead of that money simply being paid out the back door, that would instead go into a privately held savings account.
00:16:52.000That would accrue interest, and that would actually go into the stock market, for example.
00:16:56.000It made a lot of sense, but everybody fussed about it, and Democrats demagogued it, so it went to death.
00:17:02.000Well, yesterday, Donald Trump was on CNBC, and because Donald Trump is a people pleaser, he was asked Have you changed your outlook on how to handle entitlement, Social Security, Medicare, Medicaid, Mr. President?
00:17:13.000into the possibility of changes to the entitlement programs.
00:17:16.000And Joe Biden leapt on that with both feet.
00:17:18.000Have you changed your outlook on how to handle entitlement, social security, Medicare, Medicaid, Mr. President?
00:17:27.000It seems like something has to be done or else we're gonna be stuck at 120% of debt to GDP forever.
00:17:34.000So first of all, there is a lot you can do in terms of entitlements, in terms of cutting,
00:17:41.000and in terms of also the theft and the bad management of entitlements.
00:17:47.000Tremendous bad management of entitlements.
00:17:50.000There's tremendous amounts of things and numbers of things you can do.
00:17:54.000So I don't necessarily agree with the statement.
00:17:58.000Okay, so that's really not a lot of daylight in terms of, you know, he's gonna make wholesale changes to Social Security or something.
00:18:04.000It's enough for Biden to try and press him on it.
00:18:06.000So according to Politico, After committing during a State of the Union address to stop anyone in Congress who tries to raise the retirement age for Social Security benefits, Biden's budget instead calls for raising taxes on high earners to keep Social Security and Medicare from hitting insolvency within the next decade.
00:18:20.000Now again, realistically speaking, that's not going to save anybody.
00:18:23.000The population is aging way too fast for that.
00:18:25.000There are not enough high-income taxpayers even to pay for the kinds of bills that Joe Biden wants to pay for here.
00:18:41.000The retirement age in the United States at which you start to receive Social Security and you are eligible for Medicare is 65.
00:18:47.000Joe Biden has technically been eligible for Social Security and Medicare for 16 years, and he wants to continue in office until he is 86, which is 19 years past when he would be eligible for retirement.
00:18:59.000No one in the United States should be retiring at 65 years old.
00:19:02.000Frankly, I think retirement itself is a stupid idea unless you have some sort of health problem.
00:19:06.000Everybody that I know who is elderly, who has retired, is dead within five years.
00:19:11.000And if you talk to people who are elderly and they lose their purpose in life by losing their job and they stop working, things go to hell in a handbasket real quick.
00:19:19.000But put all of that aside, just on a fiscal level and on a logical level, When Franklin Delano Roosevelt established 65 as the retirement age, the average life expectancy in the United States was 63 years old.
00:19:32.000Today, the average life expectancy in the United States is close to 80.
00:19:36.000It's totally insane that you believe that you should be able to work from the time that you are essentially 20 to the time that you are 65, which is a 45-year period.
00:19:45.000Pay in and then you'll receive social security benefits sufficient to support you and your family, you and your wife or whatever, for like another 20 years.
00:20:08.000It would be very bad for them to retire.
00:20:10.000By the way, it's disrespectful to people who are 67, 68, 69 years old to suggest that they are in the same shape as people who are 65 were in 1940.
00:20:45.000We'll get some more on this in just a moment.
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00:21:45.000Not just that, Joe Biden is also trying to pick a fight with regard to food aid for low-income families.
00:21:51.000His budget proposes $7.7 billion into fully funding nutrition assistance for women, infants, and children through the WIC program.
00:21:58.000Now again, there are a lot of studies on the WIC program and how effective it actually is.
00:22:02.000But the realistic answer to how effective all of this is, is that it should be done at the state and local level.
00:22:08.000That when you have the federal government subsidizing this stuff to the tune of billions of dollars, most of it ends up going in the trash.
00:22:17.000Also, Joe Biden wants to pick a fight on student debt, he wants to pick a fight on rural energy costs, and he says he wants to pick a fight on deficit reduction, as though Joe Biden is fiscally responsible, which is totally insane, of course.
00:22:27.000Joe Biden does not want- no one cares about deficit reduction.
00:22:31.000Also, deficit reduction, the very term, is so loosely used as to mean nothing.
00:22:36.000When Joe Biden says that he has reduced the deficit, he is talking about what the deficit was last year being reduced From the year before, for example.
00:22:49.000If you, last month, ran a deficit of $3,000, meaning that you, say, earned $4,000, but you spent $7,000, and then next month you spend $6,000, so your deficit is now $2,000.
00:23:24.000So when it comes to what the United States' actual Responsibilities are on a federal level.
00:23:29.000They do not include things like aid to dependent women and children.
00:23:33.000Those are not the fundamental responsibilities of the federal government.
00:23:36.000You can make a case for it at the local and state level.
00:23:38.000The federal government was not established to do these things.
00:23:41.000In fact, I have an entire list of the things that the federal government was established to do.
00:23:44.000It's called the Constitution of the United States and it includes none of these things.
00:23:49.000The federal government was in fact established in order to provide for the common defense and security of the United States.
00:23:54.000That is the number one task of the federal government.
00:23:58.000And yet the federal government is actually underfunding defense at this point.
00:24:02.000According to Politico, The Pentagon has sent $10 billion worth of weapons to Ukraine that it still does not have the money to replace due to congressional gridlock, according to a top Defense Department official.
00:24:12.000By the way, regardless of whether you actually like the war in Ukraine, whether you think we should fund the war in Ukraine, whether we should fund the Ukrainians against the Russians.
00:24:20.000And again, my opinion on this is that we should be funding the Ukrainians against the Russians to the extent necessary to push them back from their invasion.
00:24:28.000But unless the Ukrainians have some sort of plan that we haven't heard about, funding the Ukrainians to the tune of trying to take back the Donbass region or Crimea doesn't make a whole hell of a lot of sense.
00:24:37.000But preventing Ukraine from being taken over wholesale by Russia is in America's interest.
00:24:41.000And by the way, degrading Russia's military capacity is also in America's interest.
00:24:44.000But put even that aside, even if you disagree with all of that, America should be replenishing its stockpiles.
00:24:50.000The fact that the Biden administration has not been able to achieve even that is really quite pathetic.
00:24:55.000If DoD does not get the funding to backfill its stocks, the impact of that ongoing hole will ultimately be felt by the United States' own military forces, according to a senior DoD official.
00:25:05.000The official said, we've not been able to, with the funding we have to date, replenish everything we've given to Ukraine.
00:25:09.000It will come back on our own readiness, on our own stockpile, to a certain extent, if we can't get new funding.
00:25:15.000Now, again, it would be worthwhile to make sure that in a very chaotic world, the United States military is prepared for eventualities.
00:25:26.000For their part, by the way, we should mention at this point that Europe is starting to pick up the pace.
00:25:30.000Donald Trump got a lot of flack for suggesting that NATO members need to pay up, that they need to pay a certain share of their GDP toward the common defense.
00:25:39.000Actually, even the NATO Secretary General, Jens Stoltenberg, is saying so.
00:25:45.000He says that, you know, when people say that Donald Trump is trying to take apart NATO or something, that's not true.
00:25:50.000He just wants people to pay their fair share, which, by the way, is correct.
00:25:54.000Are you concerned about the direction the political debate is headed in the United States regarding NATO?
00:26:03.000I expect the United States to continue to be a staunch NATO ally, also after the elections in November, because it is in the US interest to have a strong NATO.
00:26:16.000NATO is a good deal for the United States.
00:26:19.000Because together we represent 50% of the world's military and economic might.
00:26:24.000It makes also the United States safer.
00:26:27.000Second, it is broad political support for NATO in the US Congress.
00:26:34.000I visited Washington just a couple of weeks ago and that was the message from both the Republican and the Democratic side.
00:26:42.000And thirdly, The criticism has not mainly been against NATO, but the criticism coming from former President Trump has been against NATO allies not spending enough on NATO.
00:27:04.000When you look at the history of NATO, why NATO was originally established, all the rationales for the establishment of NATO still hold.
00:27:12.000NATO was meant, according to the first Secretary General of NATO, to keep the Americans in, the Germans down, and the Russians out.
00:27:18.000That was the original purpose of NATO.
00:27:20.000What that meant, and if you look at European history, it makes a lot of sense, is that a unified Germany has historically been a threat to its neighbors.
00:27:28.000That Germany, as a national power, is easily the strongest power on the continent.
00:27:32.000Whenever you have one very strong power on the continent of Europe, it has tended to threaten its neighbors.
00:27:38.000And we've been living in the end of history for a very long time here in the West, in the post-World War II era.
00:27:43.000But the reality is, for a vast majority of people on Earth, history didn't stop.
00:27:47.000And that's particularly true with regard to Russia.
00:27:49.000We'll get to more on this momentarily.
00:27:50.000First, I sent a portrait to Paint Your Life a few years ago.
00:29:14.000Once Russia is part of NATO, if the United States and NATO had accepted Russia as part of NATO in the aftermath of the Soviet Union's fall, then when Russia attacked another NATO member, Article 5 could not be invoked.
00:29:25.000That'd be the entire purpose, is to destroy NATO from within.
00:29:27.000You think Vladimir Putin doesn't know that?
00:29:29.000That he's just a good-hearted guy who wanted to join NATO in the aftermath of NATO taking the other side of what Russia wanted in the war in Serbia, for example?
00:29:37.000One of my favorite things about foreign policy is when people assume that the United States is the only country with agency.
00:29:42.000And Vladimir Putin doesn't have his own motivations and geopolitical rationales for things.
00:29:46.000NATO was constructed in order to maintain a balance of power on the European and Eurasian continent.
00:29:56.000Again, in the absence of NATO, what you would see is many nations in Europe pursuing their own independent security policy.
00:30:03.000That sounds like fun and games until you revert to the pre-WWI and WWII period in which pretty much everybody arms up with nuclear weapons.
00:30:35.000In Poland, do they feel a little threatened?
00:30:37.000The answer is yes, because they can read a history book.
00:30:41.000And with all of that said, Donald Trump is not anti-NATO.
00:30:43.000The attempt to turn Donald Trump into an anti-NATO force is silly.
00:30:47.000Donald Trump is very pro-NATO, so much so that he wants the other countries in NATO to up their defense spending for the collective defense.
00:30:54.000And the United States maintains tremendous control over the activities of NATO itself.
00:30:59.000The idea that it's some sort of European conglomerate that the U.S.
00:31:03.000That's not how NATO actually works on a day-to-day level.
00:31:05.000The United States has tremendous control over what happens with NATO.
00:31:09.000Which is a good thing, because historically speaking, when the United States reverts to policy only within its own borders and leaves Europe to its own devices, we end up having to, you know, go over there and help out from time to time and expend hundreds of thousands of American lives in the process.
00:31:22.000You know what we haven't had to do in Europe since the advent of NATO?
00:31:50.000According to the Wall Street Journal, authorities in Europe now say they have foiled several terror plots, some involving suspects posing as refugees, raising alarm about a growing array of threats from extremists.
00:31:59.000In one previously unreported investigation last December, police in Austria and Bosnia arrested two separate groups of Afghan and Syrian refugees who carried arms and ammunition, including Kalashnikov assault rifles and pistols.
00:32:11.000Investigators found pictures of Jewish and Israeli targets in Europe on some of the suspects' mobile phones, which they said were suggested were motivated by the Israeli war against Hamas in Gaza.
00:32:21.000That followed the arrest late last year of a group of Tajik nationals suspected of planning attacks on the Cologne Cathedral in Germany and St.
00:32:28.000Stephen's Cathedral in Vienna around Christmas.
00:32:30.000Both churches filled with hundreds of visitors for the holiday season.
00:32:34.000Then on Monday, Italian authorities said they had detained three Palestinians suspected of being members of the Al-Aqsa Martyrs Brigade, designated as a terror group by the U.S.
00:32:42.000The three were preparing to attack civilian and military targets in Europe, according to Italian national police.
00:32:48.000Investigators say that the separate incidents suggest Europe's terror threat isn't only growing, but also coming from new sources, complicating the work of security agencies.
00:32:55.000A wave of attacks that hit the continent starting in 2015 was largely inspired and in parts erected by ISIS.
00:33:00.000Now the threat is coming not just from the Islamic State Khorasan, Islamic State's Afghanistan-based successor organization, but also from Iran and its proxies in the Middle East, including Hezbollah and Hamas.
00:33:10.000Germany's domestic intelligence agency, the Federal Office for the Protection of the Constitution, warned late last year these and other actors were being galvanized by the war in Gaza and that Jews and Jewish institutions across Europe were among the potential targets.
00:33:37.000It is because they see Israel as a colonialist outpost of the West, which means that the real reason they hate Israel is because they hate the West.
00:34:18.000This is the Pentagon Press Secretary, Major General Pat Ryder.
00:34:22.000So apparently he was asked, does the Department of Defense anticipate that Hamas will try to fire on Americans who are trying to build a pier in Gaza?
00:34:32.000Why are we deploying American troops to build a pier On the beach in Gaza.
00:34:36.000Are we under the weird misimpression that, like, magically the aid, if unloaded at the pier, is going to get to the people who are in need of the aid?
00:34:46.000Somebody's gonna have to drive the truck from the pier into Gaza.
00:34:49.000And you know what'll happen to those trucks?
00:34:51.000The same thing that's happening every time a truck goes through the Kerem Shalom crossing.
00:34:55.000Which means it'll be hijacked by Hamas, of course.
00:34:58.000Anyway, General Ryder was asked about this, that will Hamas try to fire on the operation?
00:35:03.000And he said, look, that's certainly a risk again.
00:35:05.000But if Hamas truly does care about the Palestinian people, then again, one would hope that this international mission to deliver aid to people who need it would be able to happen unhindered.
00:35:14.000Do you know how insane and stupid that is?
00:35:16.000That's like the stupidest thing I've ever heard in my entire life.
00:35:37.000They literally used billions of dollars flowing into the Gaza Strip over the last 20 years to build terror tunnels and military capacity instead of feeding their own people.
00:35:45.000They don't have potable water over there because Hamas stole all the aid.
00:35:49.000And the Pentagon is still out there saying, well, if they really care about them, that fundamental misconception, which is that the people of Hamas, the people of Hezbollah, the Iranian proxy terror groups, these are all reasonable people can be talked to.
00:36:00.000After all, they care about, they care about humanity.
00:36:05.000This is so insane and crazy, but it leads to bizarre and evil foreign policy ramifications for the United States, like telling American allies like Israel, they shouldn't kill terrorists.
00:36:15.000Maybe better if they don't kill terrorists somehow for the United States.
00:36:19.000Which is weird, because it seems to me, as an American, that'd be very good if American allies spent a lot of time killing terrorists.
00:36:23.000That's great, we don't have to do it then.
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00:37:26.000Only that delusional view of the world would lead to the conclusion that America has an interest in hampering Israel going into Rafah, for example.
00:37:32.000Rafah is chock-filled with Hamas terrorists.
00:37:34.000It is, in fact, the last stronghold of the Hamas terrorists.
00:37:37.000And yet Joe Biden yesterday suggested that he would condition aid to Israel On them not going into Rafah.
00:37:45.000Which again, for a historical comparison, would sort of be like the Allies approached the gates of Berlin during World War II.
00:37:51.000And suddenly it's like, well, no, we can't go in.
00:38:20.000While Bibi Netanyahu is not caving in the face of this, the Prime Minister of Israel, the Biden administration is trying to do this ridiculous two-step, this PR two-step, where they suggest that their disagreements are just with Bibi, not with Israelis.
00:38:31.000And in fact, they talk about the Netanyahu government the same way they talk about Hamas.
00:38:37.000They will say, well, Hamas does not represent the Palestinian people.
00:38:39.000The Palestinian people are good and kind.
00:38:42.000They're not represented by Hamas in any way.
00:38:43.000Now, in reality, Hamas was, in fact, originally elected.
00:38:47.000By every available poll, Hamas is still popular inside the Gaza Strip and way more popular inside the West Bank.
00:38:52.000But that's the lie that the Biden administration will tell.
00:38:55.000Then they tell another lie, which is they suggest that the government of Israel is entirely run in authoritarian fashion by Bibi Netanyahu, which is crazy on every level.
00:39:03.000They have elections like every five minutes in Israel.
00:39:07.000It ended with a coalition government that involves a bunch of parties.
00:39:10.000And by the way, the coalition government that is currently running things, the war cabinet, is representative of something like 90 seats?
00:39:20.000In the current Knesset, because it includes a bunch of opposition parties who didn't actually originally join with Netanyahu, but did after the war.
00:39:29.000Again, if Bibi Netanyahu disappeared from the face of the earth today, Benny Gantz would be the prime minister and Benny Gantz would immediately pursue exactly the same policy.
00:39:37.000When Joe Biden says this is about Netanyahu and me and we're not getting along, that is an excuse that he can use for his liberal Jewish donors.
00:39:44.000So that he can tell them that it's not that he's anti-Israel, it's just that he's anti-Bibi.
00:39:47.000Which is so stupid, it doesn't make any sense at all.
00:39:51.000He refuted Biden's criticism of him personally, and he's correct on this.
00:39:56.000That's exactly what the President meant.
00:39:57.000But if he meant by that that I'm pursuing private policies against the majority, the wish of the majority of Israelis, and that this is hurting the interests of Israel, then he's wrong on both counts.
00:40:08.000Number one, these are not my private policies only.
00:40:12.000They're policies supported by the overwhelming majority of the Israelis.
00:40:16.000They support the action that we're taking to destroy the remaining terrorist battalions of Hamas, They say that once we destroy the Hamas, the last thing we should do is put in Gaza, in charge of Gaza, the Palestinian Authority that educates its children towards terrorism and pays for terrorism.
00:40:36.000And they also support my position that says that we should resoundingly reject the attempt to ram down our throats a Palestinian state.
00:40:44.000That is something that they agree on and it's something that I think is also for the interest of Israel because The majority of Israelis understand that if we don't do this, what we'll have is a repetition of the October 7th massacre, which is bad for Israel, bad for the Palestinians, bad for the future of peace in the Middle East.
00:41:04.000So, the attempt to say that my policies are my private policies that are not supported by most Israelis is false.
00:41:11.000The vast majority are united as never before, and they understand what's good for Israel.
00:41:17.000And by the way, the deep state under the Biden administration is now purporting that they're pushing for just insanity.
00:41:23.000So there was an annual threat assessment that was published by Washington and it compiled U.S.
00:41:27.000intelligence and its conclusions are totally crazy.
00:41:36.000Hamas has many people who are terrorist adjacent who will attack Israeli forces for years to come because that's what Israel has been undergoing in the West Bank for legitimately decades at this point.
00:41:45.000But the conclusion also is that Iranian leaders did not orchestrate or have foreknowledge of the Hamas attack against Israel.
00:41:52.000And that Iran is attempting to avoid all-out war, although conflict against Hezbollah could escalate, which is an easy way for the Biden administration to pretend that Iran isn't the actual head of the Hydra here, even though Iran is clearly the head of the Hydra.
00:42:04.000The Houthis aren't doing this on their own.
00:42:59.000And all you have to know about that is that Bernie Sanders is representative of this pathetic left-wing worldview that suggests that Israel is somehow indiscriminately bombing civilians and that Joe Biden is committing a sin by allowing Israel to kill terrorists.
00:43:16.000The number of lies that Bernie Sanders is able to tell, I mean, I suppose that makes sense.
00:43:19.000He's been a useless person his entire career.
00:43:23.000He's a useless derelict leech on the body politic.
00:43:25.000The fact that he's been elevated inside the Democratic Party just demonstrates that the single greatest way to gain power in the United States is to run in an election against Hillary Clinton.
00:43:35.000President Biden was heard on a hot mic after the State of the Union address saying he has to have a come to Jesus talk with Netanyahu about letting humanitarian aid into Gaza.
00:43:47.000Have you spoken to President Biden about whether he's had this conversation?
00:44:56.000And again, we're on TikTok because that's where the kids are and we will continue to post on TikTok and on every other outlet where the kids are because I think it's important for people to hear messages that are not actually just left-wing messages.
00:45:08.000With that said, TikTok is a Chinese intelligence gathering tool.
00:45:13.000TikTok is also a viral sickness in the United States.
00:45:17.000The kinds of mental illness that are being spawned by TikTok are quite real.
00:45:21.000And if you ever take a look at Chinese TikTok versus American TikTok, you can see the difference.
00:45:26.000American TikTok is all about transing the kids.
00:45:28.000Chinese TikTok is all about doing math problems because China is not interested in transing its own children.
00:45:35.000So there's a big battle that's now broken out between people on the right over whether to ban TikTok or to force TikTok to divest of its Chinese ownership.
00:45:45.000According to the New York Times, House Republican leaders are moving this week to pass legislation that would force the Chinese owners of TikTok to sell the platform or face being barred in the United States.
00:45:54.000That's even after Donald Trump came out against targeting the popular social media app he once vowed to ban.
00:46:00.000Representative Steve Scalise, who's the majority leader, said on Monday that the House would try to speed the bill to passage under special procedures reserved for non-controversial legislation.
00:46:10.000It's the product of the Select Committee on the Chinese Communist Party, which is a bipartisan committee.
00:46:16.000We have friends on that committee, including Mike Gallagher, who's an excellent congressperson.
00:46:20.000Trump issued an executive order that tried to do this, but now he's changed course.
00:46:25.000In an interview on CNBC recently, Trump said he considered TikTok a national security threat, but that banning it would make young people go crazy.
00:46:32.000And he said that any action harming the platform would benefit Facebook, which he called an enemy of the people.
00:46:36.000Now, I think two things can be true at once.
00:46:39.000Facebook can also have serious problems.
00:46:41.000Also, it's not owned lock, stock and barrel by the Chinese government, and it is not being used as an intelligence gathering tool by the Chinese.
00:46:49.000The fact that kids would go crazy over a thing does not mean that you shouldn't do it.
00:46:51.000My kids go crazy over stupid crap all the time and I say no to them all the time because that's my job as a parent.
00:46:57.000The legislation is one of several efforts over the past year aimed at curtailing TikTok because of concerns that ByteDance's relationship with Beijing poses risks to national security.
00:47:05.000President Biden, for his part, has said that he would sign it.
00:47:07.000There was Joe Biden saying that he would sign the ban on TikTok as long as it's still under Chinese ownership.
00:47:15.000Do you still support banning TikTok when you sign that bill?
00:47:34.000Forget about the morality of it, or the national security of it.
00:47:37.000Both have good reasons to actually curb TikTok's Chinese ownership, because the CCP is a really nefarious force in the world.
00:47:43.000On a political level, TikTok is pushing leftism.
00:47:46.000Not sure why Donald Trump would want to stand with an outlet that pushes leftism harder than any outlet that currently exists on social media.
00:47:53.000So why exactly is Trump flipping on this sort of thing?
00:48:01.000Apparently, according to Axios, neither Trump nor his campaign posts on TikTok, but the shift in position is a sign the former president recognizes the platform's massive appeal to younger voters, many of whom are disenchanted with Biden.
00:48:14.000It's a bunch of prominent MAGA figures, conservative comedians, everyone else are highly active on TikTok.
00:48:19.000Listen, again, we are active on TikTok.
00:48:21.000That does not change the reality, which is that TikTok legitimately should be separated from its Chinese ownership.
00:48:30.000Now, let me just... Tucker Carlson suggested there was a hidden agenda, saying it's a creepy, low-IQ Chinese plot that doesn't mean people trying to ban TikTok have your interests in mind.
00:48:39.000One potential factor at play that people are pointing out is Trump's repaired relationship with a billionaire named Jeff Yass, who has a huge financial stake in ByteDance and has spent millions backing lawmakers who support TikTok.
00:48:49.000Just a few days before the TikTok reversal, Trump publicly praised Yass for inviting him to a retreat held by the Club for Growth.
00:48:57.000Yassin previously donated almost $5 million to Vivek Ramaswamy, who also shifted on TikTok, right?
00:49:02.000He went from wanting to ban it, he called it digital fentanyl, to then being in favor of TikTok.
00:49:09.000Now again, this has nothing to do with the First Amendment.
00:49:12.000Forcing China to divest its ownership stake in TikTok is not, in fact, a First Amendment issue.
00:49:28.000I don't think that legislators, by the way, have to have your best interest in mind in order for the legislation to be good.
00:49:33.000In order for a piece of legislation to be beneficial.
00:49:34.000I think legislators very rarely have your interests in mind.
00:49:37.000They generally have their own interests in mind.
00:49:39.000That doesn't mean that the legislation emanating wouldn't be good.
00:49:41.000And I am bewildered as to why there are so many people who are shifting on this topic just because Donald Trump said so.
00:49:48.000TikTok is literally putting out ads right now demanding that people call their representatives.
00:49:54.000They put out an ad saying, this Wednesday, the House of Representatives will vote to ban TikTok, which means the creativity, inspiration, and communities you love will end with it.
00:50:02.000Together, we can work to help the communities you love.
00:50:13.000You know, things don't just magically become decent or conservative because Donald Trump and company endorse them.
00:50:19.000Conservatives were engaged in the most effective boycott In modern history, against Bud Light, until it was undercut by Donald Trump Jr., until it was undercut by the UFC, until it was undercut by Tucker Carlson, suddenly there are a bunch of people who randomly came out and said that the boycott against Bud Light had to end.
00:50:37.000That didn't mean that was a conservative policy.
00:50:40.000You should assess whether you think the policy is good or bad based on the policy, not based on who tells you that the policy is good or bad.
00:50:46.000Hell, if I tell you a policy is good or bad, that doesn't mean that you should simply accept it.
00:50:49.000You should actually determine whether you like the policy or not.
00:50:53.000Alrighty, coming up, we are going to get into a horrific story from Missouri.
00:50:58.000That would be a national news story if it involved people of different races.
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