The stock market has been in a free fall over the course of the last couple of weeks, and President Trump is being blamed for it. But is he really to blame for it? Or is there something else going on?
00:00:00.000Well, folks, a lot to get to today on the show.
00:00:02.000Everything from the stock market dump of yesterday and the state of the economy to the White House deciding to deport a Hamas sympathizer from the United States green card holder.
00:00:12.000First, the mainstream media thinks you're too dumb to see through their lies.
00:00:15.000They like to twist the narrative or manipulate the headlines, bury the truth.
00:01:12.000If this administration is blamed for the choppy waters, that is quite bad, not just for this administration, but for everything that in the public mind it represents.
00:01:22.000A new round of recession fears rattled markets on Monday, sending the Dow Jones Industrial Average down nearly 900 points, eroding Wall Street consensus that U.S. stocks would be among this year's biggest winners.
00:01:31.000By the way, this is having an impact on President Trump's approval ratings.
00:01:34.000There's a new pullout from Emerson today that shows President Trump is underwater on the economy by 11 points.
00:01:39.000He's still at 47.45 in his overall approval rating.
00:01:42.000That is largely due to the widespread and correct perception that in immigration he has totally changed the ballgame.
00:01:47.000We're experiencing the lowest levels of illegal immigration ever recorded in the United States, as far as I'm aware.
00:01:53.000But when it comes to the economy, which is the thing that most people vote based upon, make their political decisions based upon, if President Trump is blamed for an economic downturn, the effects of that could be disastrous, not just obviously for the Trump administration, but for many of the things that are important for the United States, including free markets more but for many of the things that are important for the According to the Wall Street Journal, worries about a trade war situation.
00:02:14.000Signs of flagging growth splinters in the artificial intelligence trade have taken some of the shine off prior optimism.
00:02:20.000President Trump over the weekend refused to rule out a recession this year.
00:02:32.000That's where money tends to go when people are uncertain what to do.
00:02:35.000They start buying bonds because at least they feel like they're going to get paid off at a certain point.
00:02:40.000While the U.S.'s strength is in question, other countries are ramping up efforts to revive their own economies.
00:02:44.000China is unleashing more stimulus to meet its economic growth target.
00:02:47.000Germany has announced a spending splurge on its military and infrastructure.
00:02:51.000Now, again, all of that is fake, meaning that if you just borrow to spend, which is what the United States has been doing for a very long time, you end up with an artificially inflated economy.
00:03:00.000This has happened in the United States.
00:03:02.000It's way more true for Germany and China, actually, than it is of the United States.
00:03:07.000However, there is something else happening and it's deeper, and that is a widespread perception that the Trump team is trying to reshape the global order in a way that will not be good for the American economy or the global economy.
00:03:20.000It is a widespread perception that is beginning to sort of percolate into the markets.
00:03:25.000And again, I'm talking to many of the market makers, I'm talking to business people who have literally hundreds of millions of dollars invested in the markets, and they are all very, very wary.
00:03:35.000of the sort of signals that are being put out.
00:03:37.000And signals matter an awful lot when it comes to the economy these days.
00:03:41.000Because as I've spoken about before, if you're even a small business person, what do you want to make sure that you're going to invest in your business?
00:04:23.000And so what that meant is that during the first administration, when he talked tariffs a lot, the total amount of tariffs, effectually, that were put on the American economy ended up totaling something like $30 billion total.
00:04:35.000And much of it was designed to leverage places like Mexico into signing a new version of the USMCA. I think one of the reasons that people in the markets are particularly perturbed by Trump's attacks on Canada in the markets is that it's one thing to say we're going after Mexico to get them to close the border.
00:04:52.000It's another thing to say, okay, we're going to put tariffs on China because China is stealing our intellectual property and building up their military at incredibly rapid rates.
00:05:05.000And the very notion that Canada is not a major trading partner with the United States is untrue.
00:05:10.000Canada is our number one trading partner.
00:05:12.000Canada, again, has extraordinarily low average tariff rates with the United States under a deal negotiated during President Trump's first term, the USMCA. So the aim at Canada appears to the global markets to be a move away from America's involvement in the world in total.
00:05:28.000As I've spoken about before, that doesn't mean we need to be involved everywhere, either militarily or economically.
00:05:32.000However, The reality that America is the global hegemon is one of the reasons that the American economy continues to be the behemoth that it is.
00:05:41.000When you withdraw from what is a de facto financial empire, when you withdraw from providing global security and freedom of the seas, when it appears that what you're attempting to do is draw inward, the rest of the world has less interest in investing in you, buying your debt, for example, funding your giant government expenditures.
00:05:59.000The rest of the world is less interested.
00:06:01.000In doing business with you, if it's harder to do business with you, and this has a very, very bad effect on the economy, not just outside the United States, but inside the United States.
00:06:10.000It turns out that autarky, the notion that we should produce and consume everything in the United States, that's a romantic idea.
00:06:15.000Everywhere it has been tried, literally everywhere it has been tried over the course of the last few centuries, it has ended with impoverishment of the population, followed generally by expansionism.
00:06:30.000It's true pretty much everywhere it's been tried.
00:06:33.000And so if the markets think that's what you're doing, even if you're not doing it, that's not going to be good for the markets.
00:06:40.000As Reuters is reporting, President Trump's tariffs have spooked investors with fears of an economic downturn driving a stock market sell-off that has wiped out $4 trillion from the S&P 500's peak last month when Wall Street was cheering much of the Trump agenda.
00:06:51.000A barrage of new Trump policies increased uncertainty for businesses, consumers, and investors, notably back-and-forth tariff moves against major trading partners like Canada, Mexico, and China.
00:07:00.000Now, President Trump, for his part, he's saying, listen, short-term pain for long-term gain.
00:07:07.000Here's what President Trump had to say with Maria Bartiromo.
00:07:11.000You said, look, we're going to have a disruption, but we're okay with that.
00:07:42.000You need to explain, if that's the case, what is the tremendous foundation that is going to lead to future growth and how do we get from point A to point B in a way that doesn't blow up everybody's 401k?
00:07:52.000It turns out, by the way, more than half of Americans are heavily invested in the stock market through things like their 401k.
00:07:57.000So this is not just a quote-unquote rich people problem.
00:08:01.000And the sort of side effects of market downturns affect everyone from Main Street to Wall Street.
00:08:10.000As the Wall Street Journal points out, There's some red lights that are already flashing.
00:08:14.000Take Friday's jobs report, which showed employers added 151,000 jobs last month.
00:08:18.000That's half as many as in November and December.
00:08:20.000Leisure and hospitality jobs have been declining in the past two months, which may indicate consumers are pulling back on their discretionary spending.
00:08:26.000The labor force participation rate fell 0.2 percentage points to 2.4%, owing to a decline among men.
00:08:34.000Manufacturing did gain 10,000 jobs in the month, but the number of workers employed part-time who wanted...
00:08:38.000But couldn't get full-time work increased by 460,000 to 4.9 million, which is the most in spring of 2021. Service businesses are being whipsawed.
00:08:47.000Transportation equipment manufacturers are being whipsawed.
00:08:50.000Whipsawed just means one day they think that there's going to be a tariff, one day they don't know that there's going to be a tariff.
00:08:54.000And so everybody's looking for what's the overall vision here?
00:09:08.000Or is it just that President Trump sees a vision of the United States with higher tariffs and a reshoring of manufacturing that is good for particular industries but very bad for the American consumer by raising prices overall and also disconnecting the American economy from other parts of the globe that actually, by the way, again, do subsidize the American economy?
00:09:28.000I understand that there is this notion that trade deficits where we buy more stuff from people than they buy from us.
00:09:36.000The reality is that if we spend more money abroad than people spend here, those dollars come back.
00:09:52.000Well, very often they come back in the form of governments either holding our dollars as the global reserve currency or in the form of other governments buying American bonds, which funds are growing national debt.
00:10:09.000The reality is, as I've said over and over, and I'll continue to say, we are not solving our national debt problem unless we take a look at the very things no one on either side wants to take a look at.
00:10:19.000Medicare, Medicaid, Social Security, means-tested welfare programs.
00:10:23.000Those are the massive drivers of the American national debt.
00:10:26.000Elon Musk understands this, but trimming around the edges isn't going to do it.
00:10:30.000Obviously, it's a very Dicey time for investors, and smart investors need to prepare ahead of time, just like keeping a life jacket handy before you set sail.
00:10:38.000That's why many people are adding gold to their portfolios, leading to record gold prices in early 2025. There's still a great opportunity for you to diversify and strengthen your financial future.
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00:12:40.000Here is Elon Musk correctly citing one of the key phenomena that demonstrates the sort of underlying weakness of the American economic plan based on our spending.
00:12:51.000He says our interest payments are now outstripping what we pay for defense.
00:13:00.000That's, I think, was the real wake-up call for me, was looking at seeing that the interest payments, the national debt, exceeded the defense department budget.
00:13:10.000And that was only growing over time, which meant if we didn't do something about this, then there won't be any money for anything.
00:13:37.000But Doge is not going to be capable of single-handedly doing all of that.
00:13:40.000And many of the moves that we are currently making, it's about to make it very difficult to raise more debt.
00:13:47.000And all of this is tied to what is the actual sort of overall Trump plan.
00:13:51.000And it takes a little while for the Trump doctrine to sort of take shape.
00:13:54.000Again, I have my idea of what the Trump doctrine is.
00:13:56.000That's very different from, say, Tucker Carlson's idea of what the Trump doctrine is.
00:13:59.000And President Trump doesn't really have a Trump doctrine.
00:14:01.000President Trump just has a series of what I think are very good political instincts and a fundamentally good set of principles.
00:14:07.000But that doesn't necessarily translate into something overall.
00:14:09.000But the way the markets are increasingly reading what President Trump is doing globally is that President Trump wants to reassure everything and he wants to withdraw from the world.
00:14:17.000And that is not going to have beneficial effects for the American consumer, the American producer, the American economy at large.
00:14:25.000And here I want to talk about the sort of problems that are going to arise from this vision.
00:14:35.000His name is Balaji Srinivasan, who's an American entrepreneur and investor and a former general partner at Andreessen Horowitz.
00:14:42.000And he has a good tweet thread today explaining why it is that the world is perceiving some of the moves that the Trump administration is making.
00:14:50.000As indicative of a broader worldview problem that could undermine sort of American strength.
00:14:55.000He says, here are four things MAGA is getting wrong and why it's handing over the world to China.
00:14:59.000One, MAGA correctly understands that America's economic position is in decline, but think this is due to economic competition itself rather than lack of competitiveness.
00:15:09.000The reason that America has been in relative decline versus China is not because the competitive global markets are bad.
00:15:16.000It's because America is not competitive in the American global markets.
00:15:20.000And Trump understands this, by the way.
00:15:22.000It's just sort of the other half of what he's doing with tariffs.
00:15:24.000Meaning, when he focuses on tax policy and regulatory policy, that makes America more competitive vis-a-vis other countries.
00:15:31.000Getting rid of competition entirely via tariffs, via cutting off world trade, via abandoning parts of the world, is not likely to result in American victory.
00:15:39.000It results in American impoverishment.
00:15:41.000Second, he says, MAGA understands that the U.S. has wasted trillions of brought in foreign wars, but thinks the problem is global leadership itself rather than poor leadership.
00:15:48.000Again, this is a really important point.
00:15:50.000Obviously, the United States has involved itself, particularly in Iraq or Afghanistan, in wars that were either unwinnable or had such bad strategies attached to them that they became unwinnable.
00:15:59.000That does not mean that abandoning the globe to the predations of the Chinese, Russians, and Iranians is going to be beneficial to America.
00:16:07.000That that is going to increase America's health in the world, economically or otherwise.
00:16:13.000We need to be concerted about how we use force and how we threaten to use force.
00:16:17.000But a world without America is a worse world, including for Americans.
00:16:21.000Third, MAGA knows their blue American enemies have allies abroad, but has incorrectly overreacted to this by treating every non-red American as an enemy.
00:16:28.000Okay, this is, I think, the point about Canada.
00:16:32.000Yes, it turns out that blue America took over the institutions of the United States.
00:16:36.000The left took over the major institutions, including things like USAID. And then they fostered abroad alliances with a bunch of people who actually don't like America very much.
00:16:46.000That does not mean that the United States does not have allies abroad who are worth cultivating and attacking places like Canada, for example.
00:16:54.000By the way, the attacks on Canada are likely to elevate blue American types to power in Canada.
00:16:59.000The person who just replaced Justin Trudeau as head of the Liberal Party is a Davos boy.
00:17:03.000He's a World Economic Forum guy, and he is now riding high in the polls thanks to this tariff war that we're having with Canada.
00:17:11.000Says Balaji, MAGA sees the billions of dollars flowing from the United States to foreign recipients, but isn't grasping that the U.S. can only print those dollars in the first place so long as it's the hub of a global empire.
00:17:20.000This is the point that I was making last week about the dollar as the world's reserve currency.
00:17:24.000Is that, yes, we fund a lot of places, and a lot of places fund our debt.
00:17:30.000He says, basically, MAGA is hyper-focused on cutting off any apparent flow of funds from red Americans to blue Americans and non-Americans.
00:17:36.000They're trying to quickly shut off imports, close down institutions, and exit all wars.
00:17:40.000Except the reason imports exist in the first place is because the United States products are not competitive relative to other products or Fed printing.
00:17:47.000The reason those institutions exist is because the United States set them up to run the world.
00:17:51.000The reason those wars are happening is not because of American leadership per se, but because of the absence of good leadership by America.
00:17:58.000If you shut all that down at once, you shut down American empire and with it the ability to print money, fund your debt, or anything like that.
00:18:06.000And if the world perceives that as the program, it is not going to be...
00:18:12.000This is not America needs to be the world's global police person involved in every single place.
00:18:16.000This is not America needs to trade with everybody at the same rate.
00:18:19.000This is if there is a generalized perception in the markets and across the world that America is withdrawing.
00:18:25.000That is not going to be beneficial for the United States because an American-led world order is better than a non-American-led world order.
00:18:34.000Beyond that, there are going to be some...
00:18:36.000Real downsides here in the United States.
00:18:38.000We need President Trump to succeed, particularly economically.
00:18:41.000We need him to succeed, particularly economically.
00:18:45.000This picture, I think, is going to be the story of the next four years, one way or another.
00:18:48.000This is a picture from the inauguration.
00:18:50.000You'll remember it, because it was obviously a pretty famous picture.
00:18:53.000This is a picture of all of the tech bros arriving at the inauguration.
00:19:13.000And it was sort of an amazing moment because you had all these business leaders, many of whom were not, in fact, allied with President Trump over the course of his career here, who were at the inauguration.
00:19:22.000Now, the only downside to that is that if the economy sinks, what do you think is going to take the blame?
00:19:29.000What President Trump is doing right now with tariffs, that is not free market oriented.
00:19:38.000They're effectively a tax on consumers.
00:19:41.000If the economy dips, if the economy dips, the American people are going to perceive that business itself is to blame for what happens next.
00:19:51.000Regardless of the fact that many of the measures that are currently being taken by the sort of nationalist conservatives in terms of economics, measures like subsidies, New regulations in certain areas, tariffs, which are a form of regulation, that all of these sorts of battles really are not oriented toward free markets.
00:20:10.000They are more of a Bernie Sanders economic program in some ways than they are in a sort of traditional libertarian free market program.
00:20:17.000The perception of President Trump correctly is that he is a businessman and that he is capitalism oriented.
00:20:22.000If the economy sinks while he is president in a serious way where Americans turn against him, and again, he's underwater on the economy right now.
00:20:30.000If that happens, it is not just going to damage Trump, which would be terrible, and damage the Trump administration and the Republican future, which would be terrible.
00:20:37.000It is going to be used as a club against all of business, all of it.
00:20:42.000There will be a blowback against business, capitalism, and free markets, despite the fact that it wasn't business capitalism and free markets that brought us to this point.
00:20:50.000It was overweening government spending and a bunch of pseudo-corrective measures that are attempting to be taken by the Trump administration in the form of autarkic reshoring.
00:21:02.000The sort of popular response is something that I've learned over the course of watching politics at a granular level for almost a quarter of a century.
00:21:09.000I've been doing this since I was 17. I'm currently 41. One of the things that I've noticed, and this is true for everybody in every industry, when you're in an industry and you know the ins and outs of a thing, when you know the details of the thing, you think everybody else knows the details of the thing.
00:21:23.000You think everybody else follows the ins and outs.
00:21:52.000They just know whether they're paying more or whether they're paying less.
00:21:55.000And when it comes to politics, I may know, or you as a listener to shows like this one, may know the ins and outs of global geopolitics and economics.
00:22:03.000You may follow this stuff at a closer level than 99% of the rest of America.
00:22:08.000Most people only see line go up, line go down.
00:22:11.000And if line goes down while President Trump is president, the blowback is going to be not just against tariff policy.
00:22:35.000If the economy goes down, then what you're likely to see is an upsurge in left-wing populist sentiment against free market capitalism.
00:22:44.000You're likely to see the sort of Bill Burr perspective on economics, which is totally ignorant and, by the way, utterly hypocritical given the fact that he's a millionaire himself who makes money saying used to be funny things on TV. Here, for example, is Bill Burr going after Elon Musk.
00:22:59.000You're going to leave the country because of one guy with dyed hair plugs and a laminated face who makes a bad car and has an obsolete social media platform?
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00:27:05.000Now, one of the theories here is that one of the things President Trump is trying to do, actually, is devalue the American dollar so as to boost our exports for purposes of fixing the trade deficit.
00:27:17.000So, I went to our friends over at Perplexity, and I asked a simple question.
00:27:22.000And Perplexity does a good job of explaining this sort of stuff.
00:27:24.000What are the effects on the ability of the United States to sell our debt if the value of the dollar drops?
00:27:47.000Reduced foreign demand for U.S. Treasuries.
00:27:49.000A weaker dollar may lower the appeal of dollar-denominated assets, including U.S. Treasuries for foreign investors.
00:27:53.000If the dollar depreciates, foreign holders of U.S. debt could face losses when converting interest payments or principal back into their own currencies.
00:28:00.000This could lead to reduced investment in U.S. debt markets.
00:28:05.000To attract buyers for its debt amid declining demand, U.S. government may need to offer higher yields on treasuries, increasing borrowing costs.
00:28:11.000Rising interest rates can also exacerbate concerns about debt sustainability and put upward pressure on real yields.
00:28:17.000A sustained drop in the dollar's value could signal broader economic instability, potentially triggering a loss of confidence among investors in U.S. financial assets.
00:28:25.000This could result in a sell-off of U.S. Treasuries and further depreciation of the currency.
00:28:28.000In other words, everybody else who's holding our debt thinks that the new debt actually is going to be less valuable than the old debt, and they start selling it off.
00:28:59.000A weaker dollar makes U.S. exports cheaper and more competitive internationally, which could boost economic growth and improve trade balances over time.
00:29:07.000However, the reality of a weaker dollar is that America can be competitive without doing that.
00:29:14.000You don't need to upend America's ability to raise debt by increasing tariffs, by lowering...
00:29:22.000Those are not things that are necessary right now.
00:29:24.000We're already in an inflationary spiral.
00:29:25.000We don't need more inflation on top of all of this.
00:29:28.000And as Perplexity points out, the major long-term effect would be things like de-dollarization.
00:29:34.000So again, something I was mentioning last week, the entire American economy is reliant on other people buying our debt on a continuous basis to fund our government spending.
00:29:43.000Countries might diversify away from dollar-denominated assets, reducing their reliance on U.S. Treasuries as reserve holdings.
00:29:49.000And concerns about sanctions or asset freezes might further reduce foreign official demand for U.S. debt.
00:29:55.000I totally agree with Perplexity's conclusion here, that while a weaker dollar could stimulate certain aspects of the economy, it poses risks to the U.S.'s ability to sell its debt efficiently by increasing borrowing costs, undermining investor confidence in Treasury securities.
00:30:07.000Thanks to our friends at Perplexity for sponsoring that search.
00:30:10.000Well, again, in the search for some sort of sobriety and stability in the economic space, The Congress right now is looking to push forward a continuing resolution.
00:30:18.000We spoke with Representative Chip Roy, again, a very strong fiscal conservative in Congress, yesterday on the program.
00:30:24.000Speaker Johnson is now eyeing a House vote today on a six-month funding extension that was crafted on a partisan basis.
00:30:30.000He's going to rely on only Republican votes to pass it in the House and dare Democrats to try to oppose it.
00:30:35.000It looks as though there's a strong shot that it is going to pass.
00:30:39.000The shutdown countdown is down to three days because the shutdown happens on Friday.
00:30:44.000Many, again, of the more conservative members of the caucus are on board.
00:30:47.000There's one who is obviously not going to be, and that, of course, is Thomas Massey, whose reliable no vote on everything.
00:30:55.000He's essentially Ron Paul, but from Kentucky.
00:30:57.000Same voting record, same general worldview, all of it.
00:31:01.000Well, this prompted President Trump to go after Massey, correctly noting that Massey basically has no interest in governing almost ever.
00:31:11.000And in a situation like this, what you actually need is Republicans who are willing to govern.
00:31:14.000Again, the job of being a congressperson is not the same as the job of being a podcast host or the job of being a CNN commentator or something.
00:31:21.000It is literally your job to try and go for 80% of the pie.
00:31:25.000This is why, again, I think that Chip Roy does a good job of this.
00:31:28.000Chip actually tries to push the ball as far as it will go while recognizing that the ball eventually is going to have to be kicked.
00:31:37.000He will push the line as far as he can without...
00:31:40.000Falling into the trap of just saying no to everything.
00:31:43.000President Trump put out a statement yesterday saying that he will lead the charge to oust Thomas Massey for his refusal to support the government funding bill.
00:32:21.000However, it is a reality that Massey's reliable no vote on everything that would be sort of effective for Republicans to do.
00:32:29.000And even though I agree with Massey, actually more than many other Republicans, on his generalized spending proposals, is Trump wrong to target Massey about all of this?
00:32:39.000The continuing resolution fails and we get to Friday and the government shuts down.
00:32:43.000The downside effects are going to be very, very strong for the Republicans, including Republicans in Congress.
00:32:49.000And it's easy for Massey to say since he's not in a purple district.
00:32:52.000He's not somebody who's going to battle his way back to the Congress.
00:32:55.000His district is like a plus 20 Republican district.
00:32:59.000So all of this, you would think, might provide an opening to Democrats, right?
00:33:02.000This would be the moment where Democrats start to make their economic pitch.
00:33:05.000Oh, look at the oligarchic Republicans with their business ties, and yet they're sending your 401k spiraling down.
00:33:12.000If you were a smart Democratic politician, this is the thing you would be doing, correct?
00:33:16.000You would be focusing in like a laser beam on the economy.
00:33:20.000Because if the economy continues to decline, if we fall under recession, that's going to be your move.
00:33:31.000They fell off the stupid tree and hit every branch on the way down because they are focused in laser-like on the defense of a Hamas sympathizer whose green card is going to be removed.
00:33:40.000This is the thing they have decided is absolutely vital for them to stand against.
00:33:58.000Well, he's an anti-Israel, pro-Hamas activist, and he's an actual pro-Hamas activist, who led protests at Columbia University when all those buildings were occupied and the tentafada was taking place.
00:34:09.000It was announced by the White House that ICE would be arresting him and removing him.
00:34:15.000The White House put out a meme reading, Shalom Mahmoud, which of course is a reference to President Trump's statement, Shalom Hamas, telling Hamas they needed to give up all the hostages so they would cease to exist.
00:34:43.000According to the Wall Street Journal, Columbia University student Mahmoud Khalil was the first to be arrested by Homeland Security agents for his participation in pro-Palestinian demonstrations on campus.
00:34:52.000President Trump vowed he would not be the last.
00:35:09.000Trump said in a social media post, quote, we know there are more students at Columbia and other universities across the country who have engaged in pro-terrorist, anti-Semitic, anti-American activity that Trump administration will not tolerate it.
00:35:19.000The education department said Monday it sent letters to 60 schools.
00:35:25.000And again, that is an outgrowth of the Civil Rights Act, which lays out that all these colleges have anti-discrimination policies on the basis of race.
00:35:34.000That applies to black students, white students, Jewish students, Arab students, everybody.
00:35:38.000So you can't selectively fail to enforce the law when it comes to the Jews, is sort of the point that Trump has made.
00:35:44.000Khalil played a prominent role in organizing protests last year against the war in Gaza, often addressing crowds on Colombia's lawn and giving interviews to national media.
00:35:51.000He was inside the Barnard Library during an occupation last week to protest the expulsion of two students for earlier demonstrations, according to photographs posted on social media.
00:35:59.000But that is not actually the full story about Mahmoud Khalil and the people he has associated himself with.
00:36:10.000Secretary of State Marco Rubio put out a statement.
00:36:12.000We'll be revoking the visas and or green cards of Hamas supporters in America so they can be deported.
00:36:16.000The Homeland Security Department put out a statement as well, quote, Again, there's a difference between pro-Palestinian and aligned with Hamas, although distinction has been obliterated by the pro-Palestinian crowd, who have largely aligned with Hamas at this point.
00:36:46.000Beyond him saying bad stuff, what exactly is the thing that's getting him in trouble here?
00:36:52.000Well, it turns out that the group that he headed, Columbia University Apartheid Divest, withdrew an apology that it made for a member who said Zionists don't deserve to live.
00:37:05.000Columbia University Apartheid Divest, which was this guy's group, put out a statement.
00:37:10.000This is according to the New York Times, October 9th, 2024. Quote, we support liberation by any means necessary, including armed resistance.
00:37:19.000That's not just pro-Palestinian, that is pro-Hamas.
00:37:24.000They then distributed a newspaper with a headline that used Hamas's name.
00:37:29.000Quote, one year since Al-Aqsa flood, revolution until victory, it read, over a picture of Hamas fighters breaching the security fence to Israel.
00:37:36.000The group posted an essay calling the attack a moral, military, and political victory.
00:38:01.000When the founders were constructing the Constitution, they're not like, let's bring people from abroad who hate America and love terrorism.
00:38:07.000That was never considered a right under American law.
00:38:11.000The group wrote on October 7, 2024, quote, the Palestinian resistance is moving their struggle to a new phase of escalation.
00:38:18.000It is our duty to fight for our freedom.
00:38:20.000That would be Hamas that this person is talking about.
00:38:25.000So, again, the New York Times recognized at the time, this is before the election, that this could lead to federal investigations into campus anti-Semitism or on-campus discipline if these were deemed to create a hostile environment for Jewish students.
00:38:42.000It turns out that Khalil's group, the Columbia University Apartheid Divest, was one of 150 pro-terrorism groups identified by journalist Ryan Morrow over at Capital Research.
00:38:55.000Khalil's group says that it is, quote, fighting for a total eradication of Western civilization.
00:39:00.000It also asks for help from violent extremists abroad, quote, we seek instructions from militants in the global South.
00:39:08.000Khalil's group said we in America must be killed, jailed, and tortured and targeted in order to genuinely threaten the state as part of the global intifada.
00:39:16.000He suggested the only way to respond to state repression is to storm prisons and release prisoners and burn down prisoners, prisons, government offices, and state vehicles.
00:39:41.000According to Immigration and National Act Section 212, there are a number of grounds for an eligibility for a green card or immigration based on security grounds.
00:39:50.000That includes, quote, anyone who endorses or espouses terrorist activity or persuades others to endorse or espouse terrorist activity or support a terrorist organization.
00:40:02.000The Supreme Court has ruled back in 1904 that anarchists, for example, could be barred from the United States.
00:40:07.000Congress is of the opinion that the tendency of the general exploitation of such use is so dangerous to the public wheel that aliens who hold and advocate them would be undesirable additions to our population.
00:40:17.000Again, there's a section of the INA that grants the State Department broad authority to deport any alien, quote, whose presence or activities in the United States, the Secretary of State has reasonable ground to believe would have potentially serious adverse foreign policy consequences for the United States.
00:40:32.000And that is exactly the authority that Secretary of State Rubio is citing in this guy's deportation.
00:40:37.000So you're hearing the sob stories from the left.
00:40:40.000So what did the Senate Judiciary Democrats do?
00:40:42.000Again, the stock market tanked to the tune of 900 points yesterday.
00:40:47.000And it has tanked to the tune of a significant percentage of the stock market's total value since the election.
00:40:56.000So what are Democrats focused laser-like on?
00:40:58.000Their hero of the day, Hamas, open Hamas sympathizer.
00:41:05.000They put out a tweet in the Senate Judiciary Democrats with a picture of this guy that said, free Mahmoud Khalil.
00:41:13.000So just to get this straight, Democrats would not cheer last week for the family of Lake and Riley.
00:41:20.000They would not stand up and applaud the family of Jocelyn Nungary, who was killed by illegal immigrants, but they are going to stand foursquare behind...
00:41:29.000A terrorist sympathizer who used to work for the UNRWA when not calling for the overthrow of Western civilization.
00:42:16.000You know, somebody like Donald Trump, we thought we'd at least have, you know, Hakeem Jeffries in the Speaker's chair to hold him back if we didn't have Kamala in there to do the right thing.
00:42:25.000The Democratic Party is going through a massive set of internal crises.
00:42:31.000You have a party that got trapped two ways.
00:42:34.000One, defending a broken status quo that nobody likes because they thought that Donald Trump was going to make it worse.
00:42:42.000But when you're defending a status quo, you're going to lose.
00:42:44.000and then offending most people in the country calling everybody sexist and racist and transphobic and every other name and then saying, please follow us.
00:42:55.000Defending a broken status quo and offending most of the country turns out is not as popular as my party thought it was going to be.
00:43:03.000You know, again, Van is the only person speaking truth to power on CNN who is not a stated Republican.
00:43:10.000But the Democrats are going to keep going down this path, which is why Whoopi Goldberg had on Dylan Mulvaney, singularly responsible for the for the complete collapse of the Bud Light brand.
00:43:19.000They had on Dylan Mulvaney, a man pretending to be a woman to talk about how men should compete with women in athletics.
00:43:25.000I mean, they just they keep doubling down on stupid.
00:43:28.000The roulette wheel keeps turning up the other way.
00:43:30.000And they're like, what if I just keep doubling down on the stupid?
00:43:35.000Well, I think part of the problem that the trans community is facing, and it's the same problem that.
00:43:43.000Women face is if you don't know anything about our bodies, you don't know how it works.
00:43:48.000So when you come in and you say, oh, you know, these men, these are men, you know, competing against women, you're assuming that the women are weak and just can't do anything except for here.
00:44:17.000I'm sorry, but female athletes who know what they're doing, like Riley Gaines, who's like an NCAA champion, they're going to get clobbered by any half-decent dude in the pool.
00:44:38.000Because they keep throwing out these same types of people.
00:44:41.000There's an entire article in Politico about Tim Walls, as though Tim Walls is going to make a giant comeback after his goofball presentation on the national stage, or Kamala Harris, or Gavin Newsom, who's now cleverly attempting to move away from some of the woke stuff.
00:44:54.000The thing that I'm absolutely puzzled by, if you're a Democrat, I do not understand.
00:44:57.000You have a point of vulnerability now in the markets.
00:45:16.000So Harvard and Yale were among 60 colleges who were warned of fund cuts over claims that they have not properly policed discrimination against Jews on campus.
00:45:29.000These universities are claiming that this will mean serious cuts to their budget, to their ability to take care of students.
00:45:36.000I mean, you're saying the quiet part out loud, which is that your government supported institutions.
00:45:40.000All of these campuses have billion-dollar endowments.
00:45:43.000They have much money, lots and lots of money.
00:45:47.000But they are adjuncts to the federal government.
00:45:49.000And now that the federal government is saying, no, we're done with this, they're freaking out.
00:45:53.000Which demonstrates just how deeply intertwined pseudo-private institutions like Harvard and Yale are with the blue state Democratic Party in the federal government.