The Ben Shapiro Show - The Forces Of Chaos | Ep. 968

00:00:00.000 With the stock market in free fall, the Trump administration floats bailouts, Bernie struggles for traction in final primaries, and Rashida Tlaib shows her anti-Semitism yet again.

00:00:09.000 I'm Ben Shapiro.

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

00:00:11.000 The Ben Shapiro Show is sponsored by ExpressVPN Wall Street.

00:00:18.000 Why haven't you gotten a VPN yet?

00:00:20.000 Visit ExpressVPN.com slash Ben.

00:00:23.000 Okay, so let's begin with the international news about coronavirus.

00:00:26.000 The market seems to have recovered a little bit this morning.

00:00:28.000 They began up a little bit, so it seems like the market has found its new bottom, but we think that every day or so the markets are really up and down.

00:00:35.000 We've seen the markets climb 3%, down 4%, up 5%, down 7%.

00:00:40.000 Yesterday, the markets dropped about 8%, which was market correction territory.

00:00:45.000 They've been down overall from their highs of about 29,000, which was just a couple of weeks ago.

00:00:50.000 They are now hovering around 24,000.

00:00:52.000 Probably they will do so unless there's another major shock in terms of the news.

00:00:56.000 Let's begin with the international news about coronavirus.

00:00:58.000 Now, the reason I start with the international news is because I hear a lot from people who are in conservative media, in the conservative world, that the media in the United States are blowing this thing way out of proportion in order to target Trump.

00:01:09.000 And domestically, there's some truth to that.

00:01:11.000 Domestically, there's no question that the media would love to see Trump fall flat on his face throughout this entire process, that they can use it as a club to wield against Trump.

00:01:19.000 Because the fact is this, Trump's chaotic style, his chaotic management style, the fact that he sounds off a lot, in most areas of American life, that has very little impact.

00:01:26.000 I think that most Americans have sort of priced the chaotic side of Trump in.

00:01:30.000 And the fact that Trump says a lot of stuff on Twitter, most Americans are like, okay, whatever.

00:01:33.000 So long as my 401k is fine, who cares?

00:01:35.000 So long as we're doing the right things on foreign policy, let him spout whatever he wants on Twitter.

00:01:39.000 I'm not even on Twitter.

00:01:40.000 I've got a life.

00:01:41.000 I'm not following around the president's commentary day by day.

00:01:44.000 When it comes to things like crisis response, where people look directly to government for handling, and particularly in a situation like this where we are talking about pretty significant restrictions on everyday life in the United States, people tend to look to the president for that sort of stuff, and so the media have a new lease On an argument they've been using about Trump for a while here, which is that his chaotic management style and, in fact, his chaotic rhetoric are really bad overall and have some really significant impacts.

00:02:07.000 Now, in the end, his rhetoric probably isn't going to matter very much at all.

00:02:10.000 In the end, just like every other aspect of American government, what the government does matters a lot more than what the head of the government says and what the president of the United States says.

00:02:19.000 Now, again, I'm not somebody who underestimates what the president says.

00:02:22.000 I think that half the job is what the president says.

00:02:24.000 But again, because people don't take Trump Literally, as much as they take him sort of seriously in Selena Zito's famous formulation.

00:02:31.000 In the end, the policy is going to be what the policy is going to be.

00:02:34.000 And so people who are informed are not listening to Trump on coronavirus.

00:02:37.000 They're instead listening to his people. 0.98

00:02:38.000 They're listening to Mike Pence.

00:02:39.000 They're listening to Dr. Anthony Fauci from the National Institute for Allergy and Infectious Diseases.

00:02:44.000 They're listening to the U.S. Surgeon General.

00:02:46.000 They're listening to people actually know what they're talking about.

00:02:48.000 So the American public are already starting to price in Trump's commentary and ignore Trump's commentary throughout.

00:02:53.000 The media would like you to focus on Trump's commentary specifically because Trump has a habit in these particular situations of stepping on rigs.

00:02:59.000 Now, all of this is true about the media, that the media would love to see Trump fail.

00:03:03.000 But when people suggest that the coronavirus itself is being wildly blown out of proportion in the United States, what they are missing is that it's pretty bad abroad.

00:03:12.000 I mean, the fact is that the Italian government is not doing this to hurt Trump.

00:03:16.000 The Israeli government is not shutting down travel in order to hurt Trump.

00:03:19.000 The Chinese government isn't welding people in their houses in order to hurt Trump.

00:03:23.000 And so to understand sort of the balance between what the media are doing, and yes, they have Two mandates here.

00:03:28.000 One is to hurt Trump and the other is a much more important mandate, obviously, and that is to provide people with news of what's going around the world.

00:03:34.000 You have to understand that this isn't completely made up.

00:03:37.000 It's not completely exaggerated.

00:03:39.000 And in order to understand that, you really do have to understand the statistics.

00:03:42.000 Statistical Sort of inability to understand things.

00:03:46.000 Complete illiteracy with regard to statistics is a very bad thing in the media.

00:03:50.000 People don't understand how basic statistics work.

00:03:53.000 And so people will say things like, okay, only 3,000 people have died so far from coronavirus.

00:03:57.000 So why exactly are we paying so much attention to it?

00:03:59.000 Obviously, swine flu from April 2009 to August 2010 killed about 9,000 people in the United States alone.

00:04:06.000 Globally, coronavirus has only killed 3,500 people.

00:04:09.000 So why are we all panicked at this point?

00:04:11.000 Okay, the reason that everybody is taking this stuff really seriously is because government action in places like South Korea, in places like China, has indeed tamped down the transmission of coronavirus.

00:04:23.000 And to understand how important that is, you have to understand that COVID-19 is significantly more transmissible than other diseases like SARS or MERS have been in the past.

00:04:32.000 So it is much more deadly than swine flu.

00:04:35.000 It is less transmissible than swine flu, but that's...

00:04:39.000 Yeah, we don't actually know that because so many cases have not been reported yet.

00:04:42.000 Now, the good news is, I think when all of this is said and done, COVID-19 is going to be a multiple of the flu, but it is not going to be anywhere in the range of the Spanish influenza, for example.

00:04:53.000 Right now, here's what is being reported.

00:04:56.000 By Business Insider in terms of the number of global cases as of March 6th, 2020 and the estimated mortality rate.

00:05:01.000 Now, remember, the estimated mortality rate is probably too high right now in terms of what people are talking about because the number of actual diagnosed cases is absolutely unclear.

00:05:10.000 Testing kits have not been available throughout the United States.

00:05:12.000 There are only a million testing kits available right now.

00:05:15.000 We don't even know where those are deployed.

00:05:16.000 Abroad, not everybody has been tested either, but there are about 100,000 cases that have been diagnosed all over the world.

00:05:22.000 There's about a 3.4% mortality rate, so about 3,400 people are dead.

00:05:27.000 The swine flu, which was from April 2009 to August 2010, some 700 million people to 1.4 billion people were estimated to have come down with swine flu.

00:05:37.000 But the death rate in swine flu was 0.02%.

00:05:41.000 So the COVID-19 virus is about 17 times more deadly than the swine flu is according to these stats.

00:05:48.000 Now, again, those stats are not really as Solid as we would like them to be because we don't actually know at this point how many cases have actually been diagnosed of COVID-17.

00:06:03.000 We don't know the answer to that.

00:06:05.000 And when you compare it to other diseases, this is why people are worried about COVID-19.

00:06:08.000 SARS has about a 10% mortality rate, but there were only 8,000 cases globally.

00:06:11.000 MERS had a 34% mortality rate, but there were only about 2,500 cases globally.

00:06:16.000 There are hundreds of thousands of cases, presumably, of COVID-19.

00:06:20.000 So it's very difficult to tell at this point what the death rates are, but this is why people are worried.

00:06:24.000 By the way, it's not 17 times as deadly.

00:06:25.000 According to those statistics, it's actually 170 times more deadly than the swine flu if we were to have a 3.4% death rate from coronavirus.

00:06:34.000 Okay, so with all that said, that is why people are looking to the government to take pretty significant measures, and that's why the government has been taking significant measures in countries abroad.

00:06:41.000 They took significant measures in China, after allowing this thing to flow freely out of Wuhan for a month and a half.

00:06:47.000 They finally took some pretty significant measures, and now you're starting to see the number of coronavirus diagnoses going down.

00:06:53.000 The same thing happened in South Korea, and you're starting to see the number of coronavirus cases go down.

00:06:57.000 That's a good sign.

00:06:58.000 That's a really good sign.

00:06:59.000 It means that if there is actual social distancing, if people do not go to major public sporting events for even a little while, if you are able to thin people out in terms of sort of aggregating people in small spaces, then you're able to lower the number of diagnoses and hopefully people then outlive their transmission period and the thing basically goes away and becomes a seasonal virus once a year.

00:07:20.000 And by that point, we hopefully have a vaccine.

00:07:22.000 That is sort of best case scenario.

00:07:24.000 Right now.

00:07:24.000 But that's why people are worried.

00:07:26.000 And that's why to suggest that nothing important is going on, the media is making this all up in terms of the threat level.

00:07:32.000 This is basically just like the flu.

00:07:33.000 It is not just like the flu.

00:07:35.000 It is significantly more deadly than the flu.

00:07:36.000 By best available estimates, it's a minimum of seven times more deadly than the flu.

00:07:40.000 And we don't know quite how transmissible it is yet.

00:07:43.000 And we also don't know exactly how many people have it.

00:07:46.000 Now, as I say, all these stats could be totally wrong also.

00:07:48.000 I mean, it could be that there are a lot more people who have coronavirus and have not been diagnosed with it.

00:07:53.000 And it could be that then by percentage, the number of people dying is a lot lower.

00:07:56.000 So it does look more like the flu.

00:07:57.000 But because there's this broad range, we don't actually know.

00:07:59.000 We do know that it's targeting older people.

00:08:01.000 We do know that it is not targeting younger people.

00:08:04.000 I believe there have been no cases that I'm aware of of people under the age of nine who have died from coronavirus, which is a good sign.

00:08:11.000 People disproportionately, elderly people are being hurt by all this.

00:08:14.000 We'll get to more on coronavirus in just one second.

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00:09:22.000 Okay, so as I say, the reason I'm looking at sort of the measures that have been taken abroad, is because those at least have nothing to do with Trump.

00:09:28.000 That's a good control group for exactly how worried people are across the world taking out the Trump factor and the media trying to exacerbate the situation in the United States in terms of panic in the United States.

00:09:38.000 So what exactly is happening?

00:09:40.000 Well, there is a massive, severe travel limit imposed across the entire country of Italy, announced on Monday by Prime Minister Giuseppe Conte in a primetime news conference, according to the New York Times.

00:09:50.000 With the announcement that Cyprus had confirmed two infections, every country in the EU has now reported cases of the virus, but the approaches to slowing the spread vary widely from nation to nation.

00:09:59.000 More than 114,000 cases of infection have now been reported globally, about 4,000 people dead.

00:10:04.000 But fear and anxiety are outpacing the immediate danger.

00:10:07.000 The speed with which the virus is spreading has left public health officials rushing to catch up.

00:10:10.000 There have been over 7,500 diagnosed cases in South Korea, but we're starting to see that decline now.

00:10:14.000 In Wuhan province, we're starting to see this decline.

00:10:16.000 In Italy, there have been well over 9,000 cases diagnosed.

00:10:19.000 In Iran, there have been 7,100 cases diagnosed.

00:10:24.000 In many of those countries, basically all non-essential travel has been banned.

00:10:29.000 We have seen internationally a lot of school closing.

00:10:33.000 Spain has about 1,600 cases.

00:10:34.000 They announced that schools in the Madrid area would be closed, adding 1.2 million children to the 300 million, whose education has already been disrupted worldwide.

00:10:42.000 Patrick's Day parade in Dublin was canceled.

00:10:42.000 The St.

00:10:45.000 The global count of at least 114,000 cases also includes more than 64,000 people who have recovered.

00:10:50.000 So it is important to recognize that the vast number of people who are actually coming down with coronavirus are recovering from all of this.

00:10:55.000 President Xi Jinping actually traveled to Wuhan But we're not going to know how bad this is until the travel restrictions are eventually lifted.

00:11:05.000 France and Spain are seeing the biggest surge in new infections.

00:11:07.000 Each is now confirming over 1,600 infections.

00:11:09.000 Germany is not far behind.

00:11:10.000 They have 1,200 infections.

00:11:12.000 The Czech Republic has about 41 cases, but announced that all schools aside from universities would close starting on Wednesday.

00:11:18.000 That is according to Prime Minister Andres Babis.

00:11:22.000 The Spanish government closed all education centers in Madrid from nursery schools to university.

00:11:27.000 In Poland, schools in Poznań, a city in the west of the country, were ordered closed after a single case of infection was discovered.

00:11:33.000 Austria barred travelers from Italy without a health certificate.

00:11:35.000 Switzerland is considering a similar measure.

00:11:37.000 Serbia has temporarily barred travelers from the worst affected places.

00:11:40.000 Now none of this is permanent, obviously.

00:11:42.000 What we are hoping is that If people basically stay where they are, and then they self-quarantine, then after 14 days, they're either recovered, or we know what they have, and then we can move them into a hospital where they actually require the care.

00:11:55.000 What you don't want is people circulating around and passing the disease faster than we know how to stop any of this.

00:12:01.000 So, the United States, we've seen similar measures being taken on sort of a voluntary basis.

00:12:05.000 You're seeing the government take a very heavy role in places like Israel.

00:12:08.000 In Israel, they've now said that anyone who enters the country has to self-quarantine for a minimum of 14 days.

00:12:13.000 Foreign nationals who are unable to demonstrate to Israeli border authorities that they will be able to self-quarantine for two weeks will not actually be able to enter the country.

00:12:20.000 So if you had a seven-day trip planned to Israel, they will just reject you at the border.

00:12:24.000 They won't allow you to come into the country right now.

00:12:26.000 Everybody is basically just saying, lockdown, sit down, stay where you are.

00:12:30.000 In the United States, we've seen some major universities who are canceling classes for the rest of the semester, at least in-person classes.

00:12:37.000 You're starting to see people Do online education, which, by the way, would be a good answer to a lot of our problems in the United States generally.

00:12:43.000 On Tuesday, the Fulton County school system, which covers the suburbs of Atlanta, became the largest U.S.

00:12:47.000 school district to close after one employee tested positive for the virus.

00:12:51.000 Schools in Snohomish County, near the center of the crisis in Washington state, were also closed after an employee in the transportation department tested positive.

00:12:58.000 Amherst College has canceled classes.

00:13:00.000 Harvard College has urged people not to return from campus after spring break.

00:13:05.000 Officials in Santa Clara County escalated their recommendations to limit mass gatherings in order to mandatory ban starting Wednesday at midnight.

00:13:13.000 So one of the things that the people are worried about with regards to the Trump administration is again, there are no set rules.

00:13:18.000 And you are hearing stories about people who come down with a cough or they come down with a fever and they don't know what to do because the instructions are not clear.

00:13:25.000 Are they supposed to go to a hospital or are they supposed to stay home?

00:13:27.000 Now the answer is if you are young, you are basically supposed to stay home.

00:13:31.000 If you are elderly, then you should probably think about going to a hospital, because this is disproportionately affecting elderly people. 1.00

00:13:38.000 The CDC is now recommending that if you are over 60 years old, you should stock up on supplies and you should avoid crowds.

00:13:43.000 Nancy Messonnier is director of the CDC's National Center for Immunization and Respiratory Disease, and she says that as the trajectory of the outbreak continues, many people in the U.S.

00:13:51.000 will at some point in time this year or next be exposed to this virus, and there's a good chance many will become sick.

00:13:56.000 The reason to stock up now is to kind of stick close to home.

00:13:59.000 Missoni said global data from Japan and South Korea show that people younger than 60 generally have better outcomes if they catch the virus, but people older than 60 are at higher risk for serious illness, especially if they have an underlying health condition like diabetes, heart disease, or lung disease.

00:14:13.000 Young people with underlying health problems are also at risk, obviously.

00:14:16.000 So one of the reasons why you shouldn't have giant gatherings, presumably, is that even if you are a young person, you come down with it, you're now a carrier.

00:14:22.000 So if you got a grandpa or grandma, And then you see grandpa or grandma at a family event next week, you could still transmit the virus to them.

00:14:32.000 Happily for me, we are now recommending antisocial behavior.

00:14:34.000 As somebody who's not a big event guy, I don't think that...

00:14:41.000 I benefit from the fact that now everyone will act like me and not want to hang out with human beings.

00:14:44.000 So that's a good thing.

00:14:45.000 But other than that, obviously this is crimping a lot of people's style and it's having some pretty significant economic impacts.

00:14:51.000 We'll get to more of this in just one second.

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00:16:13.000 Okay.

00:16:14.000 We are hearing sort of all of these conflicting messages.

00:16:18.000 People are indeed self-quarantining.

00:16:19.000 Mark Meadows, the new chief of staff for President Trump, is self-quarantining because he met the individual who apparently had coronavirus at CPAC.

00:16:26.000 He is not the only one.

00:16:27.000 There are a bunch of people who have been self-quarantining.

00:16:29.000 Obviously, Republican Senator Ted Cruz self-quarantined.

00:16:32.000 You saw Paul Gosar from Arizona self-quarantine and then talk about how he would rather die in battle than die of the flu, which is a real weird move.

00:16:39.000 They're Washington Post, Politico, and Daily Beast reporters who are all self-quarantining after attending CPAC.

00:16:45.000 Everybody is saying sort of out of an abundance of caution, people are staying home.

00:16:49.000 Politicos put out a memo saying, we understand this news may be jarring.

00:16:52.000 It's important to recognize this was a large conference.

00:16:54.000 The risk of transmission for employees who are not in close contact with the infected individual is incredibly low.

00:16:59.000 And all of that is true.

00:17:00.000 And it's important to hear from sort of the people who know what they're talking about.

00:17:04.000 This is why don't rely on politicians.

00:17:06.000 Don't even rely on talk show hosts like me.

00:17:08.000 Really talk to people who know what they're talking about.

00:17:10.000 That would be presumably Dr. Anthony Fauci.

00:17:12.000 It'd be the U.S. 0.99

00:17:13.000 Surgeon General.

00:17:13.000 So here's the U.S.

00:17:14.000 Surgeon General yesterday explaining that young people Are more likely to die of the flu than coronavirus.

00:17:19.000 So if you're young, you don't really have to worry about coronavirus killing you.

00:17:22.000 The only thing that we're really worried about is that you become a carrier or transmitter of coronavirus, and then you carry it to an older person.

00:17:26.000 Here's the U.S.

00:17:27.000 Surgeon General.

00:17:29.000 If you are a child or young adult, you are more likely to die from the flu, if you get it, than you are to die from coronavirus.

00:17:38.000 So there is something about being young that is protective.

00:17:41.000 We want people to be reassured by that.

00:17:44.000 We want people to know that we are really focusing in Right, and this is, it's really interesting to see sort of how the societal ramifications of coronavirus go.

00:17:59.000 And we'll get to the economic ramifications in just a second, but in terms of some of the social ramifications, one of the big things that has cropped up here is that nursing homes are going to be just ravaged by coronavirus in all likelihood.

00:18:10.000 And the fact is that if you have a parent in a nursing home, that these places are just factories for germs in many cases.

00:18:15.000 I mean, we've already known this with regard to things like flu, but when it comes to coronavirus, I mean, there's this nursing home in Washington State, and nearly all of the deaths have been at this one nursing home.

00:18:25.000 If you have a bunch of elderly people in close proximity to one another in places where bodily fluids are being spread, then the chances of disease are much, much higher, and that's why those areas really should be monitored.

00:18:36.000 Our society has really shuttled old people more and more into nursing homes and assisted living facilities, and you may see, I think over time, as the danger of stuff like this becomes apparent, you may see more and more people say, I'd rather keep mom and dad living in the guest bedroom, and we'll get them the help that they need at home.

00:18:53.000 Which, by the way, was sort of the model of life for several thousand years, up until we started basically paying a group of people to take care of the elderly in American society and abroad.

00:19:03.000 Meanwhile, again, none of this is to suggest that the press has been responsible on all this.

00:19:08.000 The press is not being particularly responsible on all of this.

00:19:11.000 They're sort of pushing an alarmist attitude toward all this.

00:19:15.000 Yesterday, there were headlines suggesting that President Trump had run out of the room when asked if he had come down with coronavirus or if he'd been tested with coronavirus.

00:19:22.000 That was absolutely untrue.

00:19:24.000 Reporters just shouted it at him.

00:19:25.000 First of all, if you think the President of the United States' health is not being monitored, you're out of your mind.

00:19:29.000 He's the President of the United States.

00:19:30.000 Of course, he probably has been tested for coronavirus if he came in contact with anyone who had it, but it is just indicative of the press coverage, the hysteria of the press coverage, that the headline that came out of this little tete-a-tete here was that President Trump was running away from questions as though the top levels of the U.S.

00:19:43.000 government had been infected.

00:19:45.000 Thank you very much.

00:19:55.000 He took no questions.

00:19:56.000 That is obviously not a situation where he is running out of the room.

00:19:59.000 Nonetheless, the media coverage was that Trump was running away from questions about coronavirus, which of course is not true.

00:20:04.000 Now, meanwhile, the economy obviously has seen itself really get hit hard.

00:20:09.000 Yesterday, the S&P 500 dropped more than 7%.

00:20:12.000 The Dow dropped over 2,000 points, almost 8%.

00:20:14.000 Boeing, Apple, Goldman Sachs, Caterpillar cut the index by at least 100 points each.

00:20:19.000 The Dow ended the day below 24,000.

00:20:21.000 The Dow Jones Industrial Average has risen, at least in early morning trading, above 24,000, but seems to be stagnating right around 24,000 because nobody knows exactly what is going to happen.

00:20:32.000 Originally, the market itself did trigger that key market circuit breaker.

00:20:35.000 Like 15 minutes in, there's this new procedure that basically Everybody pauses for 15 minutes to calm their asses down, and then we move on with the trading day.

00:20:43.000 That happened yesterday.

00:20:44.000 It did seem to calm the market a little bit.

00:20:45.000 The market dropped a little bit from there, but that was basically to prohibit a sort of follow-on effect that happened in 2007-2008, when there are all sorts of mechanisms in place that if the market starts to drop precipitously, there are automated mechanisms at a lot of companies where they will just start selling stock because they're afraid of a stock market drop, so they actually cause the stock market drop because of instant trading fears.

00:21:05.000 Also, again, worthwhile noting that the market drop was not solely about coronavirus.

00:21:10.000 A lot of it was about Saudi Arabia and its ongoing oil battles with Russia.

00:21:15.000 Saudi Arabia and the Russians were going to agree to increase the output in order to compete with U.S.

00:21:20.000 fracking and drive U.S. 0.87

00:21:21.000 fracking into the ground.

00:21:23.000 Instead, the Russians decided not to do that, and the Saudis were like, okay, well, we're just gonna outpump the Russians. 0.85

00:21:27.000 Also, the Saudis like hurting the Russians because the Russians have been supporting the Syrians and the Iranians. 0.53

00:21:31.000 So there are all sorts of international geopolitics issues at play.

00:21:35.000 The double punch, according to CNBC, sent crude careening to its worst day since 1991.

00:21:39.000 Now, in terms of consumers, that's probably not a bad thing.

00:21:42.000 If you get cheaper gas at the pump, that is not the end of the world.

00:21:45.000 It's probably pretty good for you.

00:21:46.000 But in terms of the energy companies, obviously that is going to pound their stock.

00:21:50.000 The economy is also facing some serious headwinds because of the global supply lines that are still throughout China.

00:21:55.000 You know, the fact is that we're not going to know the economic impact of coronavirus until China opens up its factories again. 0.62

00:22:01.000 Right now, China's factories still remain largely closed.

00:22:03.000 So while coronavirus diagnoses are going down, the question is, how long are these factories going to remain closed?

00:22:08.000 How long are those global supply lines going to remain clogged up before the economy starts to flow fairly freely?

00:22:15.000 Again, and this has led some people to suggest, well, globalization was a bad idea.

00:22:18.000 Well, no, globalization was a pretty good idea.

00:22:21.000 The only question is whether you really should have relied on that factory in China alone.

00:22:25.000 What you're not going to see is return to autarky, right?

00:22:27.000 We're going to bring all the factories back to the United States.

00:22:29.000 Instead, what you're going to see is duplicative factory capacity with flexibility in various areas of the globe.

00:22:35.000 So if you're going to build a factory in China, you probably will also build the capacity to have a flexible factory someplace else on planet Earth in case China gets hit.

00:22:43.000 You're going to see people create duplicative supply lines in order so that this sort of thing does not happen again.

00:22:48.000 Now, does this thing end in like a serious recession?

00:22:52.000 Honestly, I doubt that it does.

00:22:54.000 I doubt that we're going to end up in a serious recession because of all of this, because I think the coronavirus over the next several months is going to mitigate.

00:22:59.000 I think the people are going to get this under control.

00:23:01.000 I think the transmissions are going to drop.

00:23:03.000 I think the number of cases are going to drop.

00:23:04.000 We're already seeing in China.

00:23:05.000 We're already seeing in South Korea.

00:23:06.000 I would not be surprised if by summer the viral spread of this has dropped, thanks in large part to people taking more responsible action.

00:23:13.000 Yes, washing your hands, staying away from other people.

00:23:16.000 Staying, not shaking hands, right?

00:23:18.000 All of that will help drop the spread.

00:23:20.000 If that happens, people will go back to work, people will start buying things again, because they're really not huge systemic economic problems in the United States.

00:23:26.000 There are in Europe, there are in China, but those problems have been longstanding.

00:23:30.000 You know, the idea that the entire world economy is gonna fall into recession simply because of coronavirus, if this thing only lasts three or four months, I don't think that that is likely to be the case.

00:23:38.000 Instead, you'll probably get a V-shaped recovery.

00:23:40.000 Nonetheless, people are worried about all of this.

00:23:43.000 People are worried specifically about a credit crunch that a lot of businesses that are operating right at the margins are going to go under, that a lot of businesses that can't afford to last three or four months without significant income are going to get hit.

00:23:54.000 We're going to talk about all of that and the Trump administration's supposed response to all of that.

00:23:58.000 We'll get to that in just one second.

00:24:00.000 First, let us talk about the greatest underwear on planet Earth.

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00:25:06.000 Okay, so what are the underlying economic issues?

00:25:09.000 Well, again, you have the European governments that have basically been having stagnant growth rates for a decade or more.

00:25:15.000 You've had China, which has been wildly overestimating its growth rates for a very long time based on debt-led growth.

00:25:20.000 In the United States, we've been spending out the wazoo, right?

00:25:23.000 These debt issues eventually are going to come due because what exactly is the appetite for more debt if it appears that we're never going to pay it off?

00:25:29.000 With all of that said, If this thing were to mitigate in fairly short order, then you will see a V-shaped recovery and it will not be an issue by the time of the election.

00:25:39.000 You're starting to see the Trump administration talk about what government measures they are looking at.

00:25:42.000 Some of these are a good idea, some of these are a bad idea.

00:25:44.000 Some of the good ideas are, for example, Barack Obama did this in 2011-2012, would be a brief payroll tax holiday, meaning you get to delay paying your taxes on a quarterly basis if you're a small company.

00:25:55.000 This makes a lot of sense, because the government doesn't need to suck up more of your taxpayer dollars, they actually need your dollars to go to your employees.

00:26:02.000 You need to continue paying your employees.

00:26:04.000 They're saying, you're still going to have to pay taxes on the back end, but we're going to take a payroll tax holiday for the moment.

00:26:09.000 That is a good idea, for example.

00:26:11.000 Anything that lowers taxes in the face of this is a good idea, so we can continue paying our employees, for example.

00:26:16.000 Anything that is a specific subsidy to specific industries, that is a bad idea.

00:26:20.000 The reason that's a bad idea is because it is now suggesting that some industries are more important than other industries, which is not true.

00:26:26.000 It is creating a perverse incentive for industries to operate right at the margin, right at the margin.

00:26:33.000 So if they take a real hit, then all of a sudden they're looking to the government for a bailout.

00:26:37.000 And that's not how you want to run a business.

00:26:38.000 You want to run a business in both a risk-seeking fashion where it is appropriate, but also a risk-averse fashion in terms of making sure that your business remains profitable.

00:26:46.000 Creating incentive structures where businesses are right on the verge of going under every other minute, and then they look to the taxpayer to bail them out is a real mistake.

00:26:53.000 It's a real mistake.

00:26:54.000 So President Trump yesterday did a press conference.

00:26:56.000 He laid out some of the government measures that were possibly on the table.

00:26:58.000 Here was the President of the United States yesterday.

00:27:01.000 We're going to be meeting with House Republicans, Mitch McConnell, everybody, and discussing a possible payroll tax cut or relief, substantial relief, very substantial relief.

00:27:13.000 That's a big that's a big number.

00:27:16.000 We're also going to be talking about hourly wage earners getting.

00:27:22.000 Okay, so some of these ideas are fairly good.

00:27:37.000 I don't know what that hourly wage policy that he's talking about actually looks like.

00:27:41.000 Is he just talking about, again, delaying taxes on companies so that the companies can afford to pay their hourly wage earners?

00:27:48.000 If so, again, I don't see that as a huge problem.

00:27:50.000 If we are talking about the government stepping in and basically increasing unemployment, even that is not necessarily the end of the world for the moment, but that's not, like, I'm not clear on exactly what the policy is.

00:28:00.000 Hopefully we'll see some details and then we'll know where we stand on all of it.

00:28:03.000 He said he was seeking to provide assistance.

00:28:05.000 This is the part where I start to get a little uptight.

00:28:07.000 The president also said he was seeking to provide assistance to the airline, hotel, and cruise industries, which are all suffering as Americans rapidly cancel travel plans.

00:28:13.000 And the answer on that is no.

00:28:15.000 First of all, we shouldn't be helping the cruise industry.

00:28:17.000 They're all foreign-flagged anyway.

00:28:19.000 It doesn't make any sense for us to be bailing out cruises that are flagged in Norway.

00:28:22.000 Why exactly are we bailing out cruise industries?

00:28:26.000 I understand they are disproportionately elderly.

00:28:28.000 I understand that elderly people don't want to be on cruises right now.

00:28:30.000 I get all of that.

00:28:31.000 But we shouldn't be bailing out the cruise industry thanks to coronavirus.

00:28:33.000 As far as the travel industry, I'll tell you, right now is a great time to buy airline tickets.

00:28:37.000 I'll tell you that.

00:28:38.000 And by the way, the airline tickets, they are priced down and out.

00:28:41.000 Meaning that if you buy tickets like seven months from now, then now is a great time to buy those tickets.

00:28:46.000 And I'll be honest, I just bought some airline tickets yesterday.

00:28:48.000 I mean, I looked at the prices and I was thinking, okay, where do I want to go on vacation with my family later this year?

00:28:53.000 You know, assuming the coronavirus lets up, which in all likelihood it will, the prices are going down, right?

00:28:58.000 I mean, the market is taking an effect.

00:28:59.000 Prices are going down, and that means some buying opportunities for people.

00:29:02.000 By the way, this is also true in the stock market.

00:29:03.000 You saw a lot of headlines yesterday about investors losing billions and billions and trillions of dollars yesterday because of the stock market dropping.

00:29:10.000 Okay, if you're a smart investor, I'll tell you how much money you lost yesterday.

00:29:13.000 Big old zero.

00:29:14.000 The reason you lost big old zero yesterday, and maybe you made money, is because if you are a major investor, you did not sell your stocks yesterday.

00:29:21.000 It is probably marginal investors who largely sold their stocks.

00:29:24.000 It is not major investors who are, like Warren Buffett was not sitting around yesterday going, oh no, the stock market's dropping, I'm selling all of my stocks for less than I paid for them.

00:29:31.000 I remember Buffett once got asked about 2007, 2008, how much money he lost.

00:29:35.000 He said, I didn't lose an arm, I didn't sell anything.

00:29:37.000 It's like when the real estate market goes down, if you own a house, did you just lose money when the real estate market went down if you didn't sell your house?

00:29:43.000 The answer is no, you didn't lose any money because you didn't sell your house.

00:29:46.000 Right, the price is independent of you actually realizing the price in the open market.

00:29:50.000 Now, it's unclear, based on President Trump's comments, whether he's going to ask Congress to help these industries or if he thinks he can do it on his own.

00:29:56.000 But again, bailouts are a bad idea.

00:29:58.000 I thought they were a bad idea in 2007, 2008.

00:30:00.000 They do create moral hazard.

00:30:01.000 In certain crisis situations, there's a case to be made that the bailout of the banks was simply necessary in 2008 because all of these banks were already government dependent.

00:30:11.000 And because they were already government dependent, and because the risk had already been diffused throughout the economy thanks to government malfeasance over the past decade and a half, That the government basically had to step in at that point to prevent complete collapse, but that is just because the government intervened too much in the first place.

00:30:25.000 The fact is, if you are in the airline industry and you are taking a hit, well, them's the consequences of living in a real world where sometimes demand goes up and sometimes demand goes down.

00:30:34.000 The same thing is true of hotels.

00:30:36.000 And if, by the way, these businesses were operating at the margins, if these businesses were operating in irresponsible fashion in the sense that they're gonna go bankrupt if they are not bailed out, guess what?

00:30:46.000 I promise you, there are plenty of people who are willing to buy hotel chains and are willing to invest in hotel chains and buy a share and re-infuse with cash on the assumption that coronavirus is gonna let up in six months.

00:30:56.000 So bailouts, this is one of the great misnomers about bailouts, is that bailouts prevent companies from going completely defunct.

00:31:02.000 When the auto companies were bailed out, the choice was not between those auto companies being bailed out and the auto companies simply not existing anymore.

00:31:08.000 The choice was between the auto companies being bailed out and investors coming in and buying the auto companies and treating them in a different way.

00:31:14.000 Chapter 7 bankruptcy.

00:31:15.000 When a company goes bankrupt, that does not mean that the company closes its doors.

00:31:19.000 It just means they have to sell off their assets in order to pay off debtors.

00:31:22.000 And it also means that somebody comes in and picks up the company.

00:31:25.000 Somebody new comes in and invests in the company.

00:31:27.000 So, bailouts are not the answer to this particular problem.

00:31:31.000 A payroll tax holiday is a different sort of thing because that is just the government saying, we're not going to... That is the government taking its boot off your throat.

00:31:38.000 That is not the government actively injecting you with steroids.

00:31:41.000 So, there's a big difference in kind between those two things.

00:31:45.000 In just a second, we're going to get to Chuck Schumer, who's ripping on Trump, and we'll get to the politics of all of this in just one second.

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00:33:08.000 Now, again, the Democrats are trying to make hay out of all of this.

00:33:16.000 They're suggesting that Trump has completely botched the response.

00:33:19.000 Again, Trump's public attitude toward all of this has not been wonderful.

00:33:23.000 I mean, you don't want him tweeting, you don't want him... I talked about this yesterday.

00:33:26.000 He really should be quiet and let his experts talk.

00:33:28.000 His experts know what they are talking about.

00:33:30.000 But the generalized perception that the Trump administration has blown it That obviously is not true.

00:33:35.000 Chuck Schumer is trying to promote that idea, of course, because the opposition party always tries to make it seem that the party in power is blowing it when it comes to public crises.

00:33:42.000 Here's Chuck Schumer trying to call Trump's response slipshod.

00:33:45.000 The federal government's initial response to the coronavirus was slipshod, at best.

00:33:51.000 It has greatly hurt the country, and it falls at the feet of the president.

00:33:56.000 The buck stops with him.

00:33:59.000 Now I know President Trump will dismiss these criticisms and accuse Democrats of playing politics.

00:34:06.000 That's what he always does when there's legitimate criticism.

00:34:10.000 Because in President Trump's world, there's no such thing as a legitimate criticism of his administration.

00:34:16.000 That is not having much impact.

00:34:18.000 Now, here's the deal.

00:34:19.000 Everybody is sort of assuming that the coronavirus stuff could really hurt Trump.

00:34:22.000 The more Trump talks about it, the more it hurts him.

00:34:23.000 But, all in all, the approval of his actions is exactly equal to his approval rating.

00:34:28.000 In other words, everything seems to be priced in with Trump.

00:34:30.000 Like, literally all the things seem to be priced in with President Trump.

00:34:33.000 A new poll from Quinnipiac shows President Trump's overall approval rating at 54% is approved to 41% approved.

00:34:39.000 The poll finds that 53% have confidence in the Fed's responsibility to handle the response, the federal government's ability to handle the response.

00:34:46.000 Only 43% do not.

00:34:48.000 As far as Trump, 43% of voters approve of his handling of coronavirus.

00:34:51.000 49% don't, which looks exactly, exactly like his approval rating.

00:34:58.000 87% of Republicans approve of Trump's job performance.

00:35:00.000 83% of Democrats disapprove.

00:35:02.000 Half of independents disapprove.

00:35:03.000 So basically everything is already baked in with regard to President Trump.

00:35:08.000 By the way, there are polls showing that congressional Republicans are more popular than congressional Democrats right now.

00:35:13.000 So it seems like the voter polarization that has hit the country so hard is not waning in the aftermath of coronavirus.

00:35:20.000 It was an opportunity for Trump to do better, but he didn't.

00:35:24.000 And he's not also, he's not doing worse.

00:35:26.000 He's not dropping precipitously in the polls so far as we can see for now.

00:35:30.000 Meanwhile, today is a big primary day for the Democrats.

00:35:32.000 So it is a, it is the end of the road, presumably for Bernie Sanders.

00:35:36.000 There are several primaries today.

00:35:39.000 And these primaries do not look good for Bernie Sanders.

00:35:43.000 I mean, they're sort of a disaster for Bernie.

00:35:44.000 This is particularly true in Michigan.

00:35:47.000 In Michigan, he is just getting skunked.

00:35:50.000 So remember, he won Michigan in sort of a shock last time around.

00:35:53.000 People expected Hillary Clinton to do really well in Michigan. 0.86

00:35:56.000 That, of course, did not materialize.

00:35:57.000 The last poll had her up.

00:35:58.000 He ended up winning Michigan, Bernie did, by about 25 points.

00:36:02.000 He's not going to win Michigan today.

00:36:03.000 He's going to get skunked in Michigan.

00:36:05.000 So according to the latest RealClearPolitics poll averages, Michigan, Biden is leading Sanders by 22 points.

00:36:12.000 22 points.

00:36:13.000 In Missouri, Biden is leading Sanders by 30.3 points.

00:36:17.000 30 points!

00:36:19.000 So Biden is going to finish Bernie off today and that will be the end of Bernie Sanders.

00:36:24.000 Meanwhile, some of the further states like Florida are really, really looking bad for Bernie Sanders.

00:36:31.000 So Bernie is desperately trying to regain momentum, but he basically has nothing.

00:36:37.000 It's important to remember, guys, that the Bernie Sanders popularity in 2016 was largely based on running against Hillary Clinton.

00:36:42.000 It turns out the best thing you can ever do is run against Hillary Clinton.

00:36:44.000 With the exception of Rick Lazio, every other politician who has ever run against Hillary Clinton, Barack Obama, The Barack Obama, Bernie Sanders, Donald Trump, every politician who has ever run against Hillary Clinton has done really well.

00:36:56.000 People do not like Hillary Clinton.

00:36:58.000 I mean, here's a good indicator of that.

00:36:59.000 Bernie Sanders yesterday did a town hall on Fox News and he's asked about Hillary Clinton and the crowd boo's Hillary because people just hate Hillary Clinton.

00:37:06.000 I mean, there's just no two ways about it.

00:37:08.000 He was a career politician.

00:37:10.000 He did not work until he was like 41 and then he got elected to something.

00:37:13.000 It was all just baloney and I feel so bad that, you know, people got sucked into it.

00:37:20.000 Wow, that's strong stuff.

00:37:21.000 What's your reaction?

00:37:25.000 Unlike Secretary Clinton, I don't want to relive 2016.

00:37:28.000 We're in 2020 now.

00:37:31.000 So half of Bernie's popularity was based on the fact that people hated Hillary Clinton. 0.98

00:37:35.000 Now that Bernie is seen in a vacuum, people are not super fond of Bernie.

00:37:38.000 And there's a reason for that. 0.98

00:37:39.000 That's because Bernie is awful. 0.99

00:37:41.000 He's truly awful. 0.97

00:37:42.000 Now, Bernie is starting to... Bernie is still shying away from a couple of the attack lines on Joe Biden that might actually be telling.

00:37:50.000 Like he said yesterday, he won't question Joe Biden's mental fitness.

00:37:53.000 Well, good luck with that.

00:37:55.000 But it's the fact that people are finally examining Bernie Sanders' agenda that is sending him to the political graveyard here.

00:38:02.000 And the fact is that Bernie was leading up until the point he became the frontrunner.

00:38:05.000 And then as soon as he became the frontrunner, sort of like Elizabeth Warren, people started examining him.

00:38:08.000 And then they're like, well, well, and there's a reason for that.

00:38:11.000 Last night on Fox News, Bernie admits, yeah, you know, there's going to be a giant price tag to all the programs that I'm proposing.

00:38:16.000 How can you pay for all this?

00:38:18.000 Good.

00:38:19.000 All right.

00:38:20.000 Now, I don't have the teleprompter, but all right, but I'll do my best.

00:38:22.000 All right.

00:38:23.000 I wish to get the numbers right.

00:38:25.000 Okay.

00:38:25.000 Good question.

00:38:26.000 All right.

00:38:26.000 Let's deal with it.

00:38:27.000 Fair question.

00:38:28.000 Bernie, you're proposing bold ideas.

00:38:29.000 How are you going to pay for them?

00:38:30.000 Right?

00:38:31.000 With a big price tag.

00:38:32.000 Yes.

00:38:32.000 All right.

00:38:32.000 Let's deal with them.

00:38:33.000 Okay.

00:38:34.000 And then he never deals with them.

00:38:35.000 What he means by big price tag is like giant, giant price tags.

00:38:38.000 One of the best moments of his Fox News His Fox News spiel last night is Bernie was talking about socialism.

00:38:45.000 And he says, well, people keep talking about socialism like socialism is Cuba or like it's the Soviet Union.

00:38:50.000 Well, it's not.

00:38:51.000 It's Sweden.

00:38:51.000 And then he is hit with the fact that Sweden is not, in fact, socialist and he has nothing to say.

00:38:54.000 Here is Joe.

00:38:55.000 Here's Bernie Sanders being completely disarmed on national TV.

00:38:58.000 I'm talking about Finland.

00:39:02.000 I'm talking about Denmark.

00:39:03.000 I'm talking about Sweden.

00:39:05.000 I'm talking about countries all over the world who have used their government to try to improve life for working families, not just the people on top.

00:39:14.000 If you look at examples in Sweden and Denmark, They have been lowering or cutting property taxes, lowering corporate taxes, allowing vouchers for schools, for public schools.

00:39:25.000 So they appear to be moving away more towards market reform and not towards what you're describing you'd like to see here.

00:39:32.000 And Bernie's like, well, I don't know about that.

00:39:35.000 One of the most hilarious things about Bernie Sanders' socialism is that he picks a bunch of capitalist countries and then says how wonderful their socialism is.

00:39:43.000 By the way, all the talk about the Trump administration mishandling coronavirus, it is largely focused on Trump's rhetoric for a reason.

00:39:50.000 And the reason that people are largely focused on Trump's rhetoric with regard to coronavirus is specifically because if they focused on his action, the Democrats have nothing better.

00:39:57.000 In fact, Bernie Sanders' program, he says, I should be the head of the government because I'd handle coronavirus better.

00:40:02.000 And then he proceeds to say one of the dumbest things in human history about Coronavirus and how to fight it.

00:40:07.000 He says he would not close borders in the face of coronavirus, which is a genius move. 0.57

00:40:11.000 Just every other country in Europe is doing it.

00:40:13.000 You have an entire travel shutdown in Italy.

00:40:15.000 You have an entire travel shutdown in Israel.

00:40:16.000 You're seeing every major country in Europe closing its borders to people who are not tested. 0.99

00:40:20.000 And Bernie's like, no, I would allow everyone to travel in.

00:40:22.000 First of all.

00:40:23.000 I mean, is Bernie aware of his age and health condition?

00:40:26.000 Like, Bernie is on the hit list for coronavirus.

00:40:28.000 Bernie checks every single box for vulnerability to coronavirus.

00:40:31.000 He does.

00:40:32.000 I mean, older people are really, really vulnerable to this thing.

00:40:36.000 I'll say this for the man.

00:40:38.000 I mean, his ideological purism apparently has no bounds.

00:40:41.000 Here's Bernie saying he wouldn't shut borders in the face of coronavirus.

00:40:44.000 If you had to, would you close down the borders?

00:40:48.000 No.

00:40:48.000 I mean, what you don't want to do right now, we have a president Who has propagated xenophobic anti-immigrant sentiment from before he was elected.

00:41:00.000 What we need to do is have the scientists take a hard look at what we need to do.

00:41:06.000 There are communities where the virus is spreading.

00:41:09.000 What does that mean?

00:41:10.000 It may mean self-quarantining.

00:41:12.000 It may be not having public assemblies.

00:41:14.000 But let's not go back to the same old thing.

00:41:17.000 Yeah, the premise of the question, Bernie, was if you need to shut the borders, will you do it?

00:41:20.000 And you started off by saying no.

00:41:22.000 So I think that this sort of undercuts your own credibility.

00:41:25.000 Also, you do have to love Bernie Sanders shouting that coronavirus vaccines should be free for all.

00:41:29.000 He promises absolutely free coronavirus vaccine if elected.

00:41:31.000 How does he think the coronavirus vaccine is going to be developed?

00:41:34.000 It will be developed by private pharmaceutical companies, in all likelihood, who then charge either the U.S.

00:41:38.000 government or actual individual consumers or health insurers.

00:41:41.000 Why does he want to unburden health insurance companies, by the way?

00:41:43.000 I keep hearing that health insurance companies are the worst thing in the world.

00:41:47.000 Why wouldn't he force health insurance companies to cover coronavirus vaccine?

00:41:50.000 He apparently just thinks things get created out of thin air without any profit margin attached to them.

00:41:55.000 The people sit around in their basement and, for fun, create coronavirus vaccines.

00:41:58.000 That is not the way the economy works. 1.00

00:42:00.000 There's Bernie Sanders being a complete fool. 0.99

00:42:03.000 Trump's people were saying just a little while ago that, yeah, we're working on a vaccine. 1.00

00:42:07.000 Hopefully they are.

00:42:10.000 But!

00:42:11.000 But!

00:42:12.000 This is how crazy it is.

00:42:14.000 We couldn't guarantee that when that vaccine is developed, they couldn't guarantee that people would be able to afford it.

00:42:21.000 I mean, this is how sick this system is.

00:42:26.000 So let me tell you, if elected president, everybody in this country will get that vaccine absolutely free.

00:42:33.000 Is that a radical statement?

00:42:36.000 Okay, first of all, flu vaccine costs like 25 bucks a pop.

00:42:39.000 It costs like 25 bucks a pop.

00:42:41.000 I'm fairly certain that health insurance covers things like flu vaccine for the vast majority of Americans.

00:42:46.000 I'm sure that Medicaid covers flu vaccine for people.

00:42:49.000 The notion that people are going to go unvaccinated is simply ridiculous all the way throughout, but that is Bernie Sanders' campaign.

00:42:55.000 And the good news is it's basically over today.

00:42:57.000 Which is great, because his campaign is so radical that he had an imam open his rally yesterday. 0.98

00:43:01.000 That imam has declared that the Jews are basically the worst people on planet Earth. 0.98

00:43:06.000 He actually suggested that the Jews created ISIS. 0.98

00:43:10.000 That guy opened Bernie Sanders' rally yesterday, that imam. 0.97

00:43:13.000 He also suggested that Bernie is trustworthy, quote, even though he is a Jew. 0.96

00:43:16.000 Which is always a great way to...

00:43:18.000 To term that sort of thing.

00:43:20.000 Meanwhile, Joe Biden continues to stumble around the country.

00:43:23.000 Again, his big picture is that he is not Trump.

00:43:24.000 So yesterday he was on MSNBC and he says about coronavirus, I wish that Trump would just be quiet.

00:43:29.000 This is the area where Biden is going to do fairly well.

00:43:30.000 If he can make Trump's chaos and sort of volatility the issue, then Biden does well.

00:43:35.000 The problem for Biden is that Biden actually is kind of chaotic and volatile himself, as we'll talk about in just a second.

00:43:40.000 Here's Biden attacking Trump over coronavirus.

00:43:44.000 There's no confidence in the president in anything he says or does.

00:43:49.000 He turns everything into what he thinks is a political benefit for himself, and he's actually imploding in the process.

00:43:56.000 But there's a lot of innocent bystanders that are being badly hurt.

00:44:00.000 And I just think it, I mean, I wish he would just be quiet.

00:44:05.000 I really mean it.

00:44:05.000 I mean, that's a really awful thing to say about a president.

00:44:08.000 We should be quiet.

00:44:10.000 Just let the experts speak and acknowledge whatever they suggest to them is what we should be doing.

00:44:15.000 OK, there's only one problem with all of this for Joe Biden, and that is that Joe Biden is not the world's most stable dude either.

00:44:20.000 OK, Joe Biden is not Captain Stability.

00:44:23.000 First of all, man cannot string a sentence together.

00:44:25.000 I mean, truly cannot string a sentence together.

00:44:27.000 He is.

00:44:29.000 Well, people are now attempting to suggest that it is somehow ageist to point this out.

00:44:32.000 It is not ageist.

00:44:34.000 People are suggesting that that Biden's lack of verbal cogency and coherence at this point is due to the fact that he has overcome stuttering, which is an amazing achievement.

00:44:41.000 It really is.

00:44:41.000 It's amazing that Joe Biden overcame stuttering.

00:44:43.000 This has nothing to do with his stuttering.

00:44:45.000 I've been watching Joe Biden for years when he was vice president.

00:44:48.000 The stuff he is doing now is not a result of stuttering.

00:44:50.000 The stuff that he is doing now is a result of the fact that he is in cognitive decline.

00:44:54.000 I think it is very obvious to everybody who's been watching Joe Biden, he is not the same person that he was eight years ago.

00:44:58.000 And that is not a rip on Joe Biden as a human being.

00:45:01.000 That is a fact of life.

00:45:03.000 As you age, once you get beyond a certain age, the possibility of cognitive decline is certainly on the table.

00:45:08.000 And it's weird to me that all the same people who were suggesting that John McCain was in cognitive decline when he was running for president, and he was significantly younger than Biden in 2008, are now like, oh well, don't talk about Joe Biden.

00:45:18.000 Don't talk about Joe Biden's age.

00:45:19.000 Don't talk about his inability to speak clearly.

00:45:24.000 It also happens to be true that Joe Biden is a volatile dude himself.

00:45:28.000 Today, Joe Biden was speaking to blue-collar union workers in Michigan, and they were asking him about guns, and he just started shouting at them.

00:45:36.000 Like, really shouting at them.

00:45:37.000 Like, these are his prospective voters.

00:45:39.000 He called some of them full of bleep.

00:45:41.000 He told them to shush.

00:45:42.000 He told them they don't need an AR-14, which is not an actual gun.

00:45:45.000 That'd be an AR-15 that he's looking for. 1.00

00:45:47.000 He told somebody, don't be a horse's ass. 0.99

00:45:49.000 He said an AR is a machine gun, which it is not. 0.99

00:45:52.000 He said, I'm not working for you.

00:45:54.000 They're voters.

00:45:54.000 So that's that's sort of confusing.

00:45:56.000 So as the campaign goes on and we see more of Joe Biden, his campaign, no pun intended, is not going to age particularly well.

00:46:02.000 OK, time for a quick thing I like and then we'll get to a quick thing that I hate.

00:46:06.000 So things that I like today, I may as well mention it since everybody is apparently watching it.

00:46:10.000 The Steven Soderbergh film Contagion.

00:46:12.000 Is it in fact a very good film?

00:46:14.000 It is a film about what would happen if there were to be coronavirus, but actually as deadly as people seem to panic that coronavirus is.

00:46:20.000 If SARS, for example, with a 10% death rate had been, or rather MERS with a 10% death rate, if those, no, SARS had a 10% death rate.

00:46:29.000 If SARS with a 10% death rate had hit millions or billions of people instead of hitting a very tiny fraction of the population.

00:46:35.000 Here's a little bit of the preview for Contagion, which actually is a very well-researched film in terms of how the federal government would respond to the possibility of something like this.

00:46:44.000 Watch this.

00:46:45.000 It's transmission.

00:46:46.000 So we just need to know which direction.

00:46:48.000 On day one, there were two people.

00:46:50.000 And then four.

00:46:51.000 And then sixteen.

00:46:53.000 In three months, it's a billion.

00:46:54.000 That's where we're heading!

00:46:56.000 They're calling out the National Guard.

00:46:58.000 They're moving the president underground.

00:46:59.000 People will panic.

00:47:00.000 Get away! 1.00

00:47:01.000 People tip over.

00:47:02.000 The truth is being kept from the world.

00:47:04.000 Cook your samples.

00:47:05.000 destroy everything hello I need you to get me the names of everyone who serviced this room.

00:47:18.000 It's an emergency.

00:47:20.000 There's a reason why this film is doing so well right now in terms of people renting it, and that's because people are freaking out that this is exactly what's going on.

00:47:27.000 And again, the depiction is actually fairly accurate.

00:47:29.000 It was commented on at the time how well researched this whole thing was.

00:47:33.000 Is this that?

00:47:34.000 No, it is not.

00:47:34.000 It is not.

00:47:35.000 Okay, so just know that contagion is not what is actually happening on planet Earth right now.

00:47:38.000 We've had a grand total of like 4,000 people dead across the entire planet.

00:47:42.000 We've had 100,000 infections, not a billion infections, but that's why people are worried.

00:47:46.000 So if you want to watch a super creepy movie that'll scare the living crap out of you in the middle of a panic, then absolutely go check out Contagion.

00:47:52.000 Otherwise, maybe avoid Contagion until everybody is done with their panic.

00:47:56.000 Okay, time for a couple of quick things that I hate.

00:48:03.000 So I am deeply pleased, deeply pleased that Bernie Sanders' campaign will come to an inglorious end today.

00:48:09.000 As I've said before, I think it is very good for the country that Bernie Sanders is not going to be the Democratic nominee.

00:48:15.000 Having half the American population rally around an old communist who hangs out with people who hate the country and also happen to hate allies like Israel, it's a very good thing we avoided that fate.

00:48:24.000 It is.

00:48:25.000 And I think that Donald Trump is in fairly good position against Joe Biden.

00:48:28.000 In all the latest polls, he's running even with him in all of those battleground states, which is kind of where he has to be.

00:48:33.000 Okay, but the fact is that Bernie Sanders has surrounded himself with the worst people in American politics.

00:48:37.000 One of those people, of course, is Representative Rashida Tlaib, who keeps insisting she's not an anti-Semite, even while wearing a shirt that literally erases Israel from existing.

00:48:46.000 There's a picture of her holding up Linda Sarsour's new book.

00:48:49.000 Okay, Linda Sarsour is an awful anti-Semite in her own right. 1.00

00:48:51.000 She has stood with actual anti-Semitic terrorists.

00:48:54.000 Rashida Tlaib took a picture of herself holding up Linda Sarsour is in the book because they're besties. 0.98

00:48:58.000 And she's also wearing a shirt that has a picture of the entire land of Israel with Palestinian symbols over it.

00:49:05.000 So when she suggests that she is in favor of a quote-unquote one-state solution, right, this is what she said.

00:49:09.000 She's not in favor of a two-state solution.

00:49:11.000 She wants a one-state solution.

00:49:12.000 That shirt makes it fairly obvious exactly what kind of one-state solution she is looking for. 0.78

00:49:16.000 Namely, she's looking for a one-state solution where the Muslim Arabs run things and the Jews don't exist. 1.00

00:49:22.000 I mean, that is what the shirt is.

00:49:23.000 The shirt literally has, there's no separation between the West Bank and Gaza Strip.

00:49:26.000 This is why when people suggest, why doesn't Israel just make territorial deals with the Palestinian Authority, and with Hamas, and with Hezbollah, and with all of these various entities? 0.84

00:49:34.000 Well, the answer is, because those people want to kill them. 0.58

00:49:37.000 They want to destroy them. 0.98

00:49:39.000 Rashida Tlaib would love to see the Israeli state wiped completely off the face of the earth.

00:49:45.000 There's an online advertisement for the shirt, according to the Free Beacon.

00:49:48.000 Stand in solidarity with Palestine by wearing this beautiful Palestine t-shirt.

00:49:51.000 An outline map of Palestine is filled with red, white, and green Arabic letters that look stunning from a distance and spell the word Palestine up close.

00:49:58.000 A patterned shemach wraps around the neck of the Palestinian state like the brave soldiers whose boots stand on the dusty ground.

00:50:04.000 Those brave soldiers, presumably many of those would be terrorists.

00:50:07.000 So just what a wonderful, what wonderful people Bernie surrounds himself with.

00:50:12.000 Really are a joy.

00:50:13.000 By the way, just to note, the people that Bernie Sanders and Rashida Tlaib have sympathy for are the same sorts of people who literally have been sending party balloons bearing bombs into Israel.

00:50:23.000 This is a thing the Washington Post reported yesterday.

00:50:27.000 From Netivot, Israel.

00:50:28.000 The moment Meirav Hania's daughter stopped loving kindergarten came when a cluster of colorful orbs floated toward her playground during recess.

00:50:34.000 Balloons had a pleased young Emma, her mother recalled, but another child, one who'd heard warnings from local police, knew better.

00:50:38.000 That's a bomb.

00:50:39.000 In recent months, hundreds of booby-trapped balloons, sometimes bearing the messages, I love you and happy birthday, along with small IEDs dangling by a string, have descended on this or other communities downwind of the nearby Gaza Strip, according to Israeli police.

00:50:53.000 They're not seeking to kill Israeli soldiers.

00:50:54.000 They're not seeking to do military damage. 0.99

00:50:56.000 They're seeking to kill children.

00:50:57.000 When you set balloons that say happy birthday on them into populated areas with bombs connected to them, can you think of anything really more evil than that?

00:51:06.000 It's hard to think of things that are more evil than that, really.

00:51:08.000 Most of these are landing in open countryside.

00:51:10.000 None has just caused injury or death.

00:51:12.000 Residents know the balloons are not as dangerous as the rockets fired by militant groups in Gaza.

00:51:15.000 That'd be terrorist groups.

00:51:16.000 Still, the escalation of this drifting menace has taxed police departments, disrupted daily life, and taken a psychological toll who live within reach of the Gaza Breeze. 0.99

00:51:26.000 The purpose, of course, is to kill children. 0.97

00:51:28.000 That is the goal of these things. 0.99

00:51:30.000 But don't worry, there's a peace deal to be made and it's only Jewish intransigence that is causing all this. 1.00

00:51:35.000 Probably Israel should just open its borders. 0.95

00:51:37.000 Probably Israel should just let all the people who are floating balloons with IEDs cross the border or at least let in groups of people without any sort of screening so that those people can just enter Israel. 1.00

00:51:45.000 Makes perfect sense to me.

00:51:46.000 These are the people that Bernie Sanders has sympathy for.

00:51:49.000 These are the people that Rashida Tlaib has sympathy for.

00:51:52.000 Now, I would be remiss if I did not note at this point that it is the Jewish holiday of Purim today.

00:51:58.000 Purim is a fantastic holiday.

00:51:59.000 It's a really interesting holiday.

00:52:01.000 It's the holiday where Jews read the Megillah. 0.98

00:52:03.000 The Megillah is a story of an anti-Semitic regime that seeks to wipe the Jews off the face of the planet and is thwarted only by the decisive action of Queen Esther, who is a Jew who's roped into marriage to the king of Persia, is how the basic story goes.

00:52:18.000 And her uncle, who's advisor to the king, Mordecai, stops another advisor, Haman, from carrying out this genocidal wave of hatred against the Jews.

00:52:27.000 And the reason that Purim remains a relevant holiday is because the name of God is not mentioned anywhere, anywhere in the Megillah.

00:52:32.000 I mean, it's a religious text.

00:52:32.000 It's really interesting.

00:52:33.000 The name of God is not mentioned anywhere in the entire Megillah.

00:52:35.000 The reason being, it is the most modern of all of the Jewish texts in terms of its content.

00:52:41.000 Meaning, it basically suggests That antisemitism is only thwarted on a realistic level in today's world by the concerted action of politically oriented people who understand true threats and who are not going to be put off by lies.

00:52:54.000 So the fact that we read the Megillah every year is a reminder that genocidal antisemitism still exists.

00:52:59.000 It exists in the Gaza Strip.

00:53:00.000 It exists in Iran.

00:53:01.000 It exists in the West Bank.

00:53:02.000 It exists in southern Lebanon.

00:53:03.000 And that anybody who refuses to acknowledge that is going to have to be convinced on a political level of the reality of that situation.

00:53:10.000 Because people tend to believe that evil anti-semitism is only a figment of the past, or that anti-semitism only exists when it's an a-hole waving a Nazi flag at a Bernie Sanders rally.

00:53:20.000 But the fact is, anti-semitism is very alive, it is very well, and genocidal anti-semitism is overlooked by large swaths of the West, particularly at the highest levels of politics.

00:53:28.000 We need to remember that. 0.92

00:53:30.000 Because Bernie Sanders, who has been called a victim of anti-semitism, Which on a broad level is ridiculous. 0.97

00:53:36.000 Bernie Sanders is a propagator of anti-Semitism.

00:53:39.000 I am very, very glad to see Bernie Sanders' campaign end today.

00:53:42.000 It is well deserved, and hopefully he goes back to the earned obscurity that he so richly deserves over the course of 80 useless years on planet Earth.

00:53:50.000 Worse than useless, counterproductive years on planet Earth.

00:53:53.000 Alrighty, we'll be here a little bit later today with all of your updates, and then we'll be back here tomorrow.

00:53:57.000 I'm Ben Shapiro, this is The Ben Shapiro Show.

00:54:03.000 The Ben Shapiro Show is produced by Colton Haas.

00:54:06.000 Directed by Mike Joyner.

00:54:07.000 Executive producer Jeremy Boring.

00:54:08.000 Supervising producer Mathis Glover and Robert Sterling.

00:54:11.000 Assistant director Pavel Lydowsky.

00:54:13.000 Technical producer Austin Stevens.

00:54:15.000 Playback and media operated by Nick Sheehan.

00:54:17.000 Associate producer Katie Swinnerton.

00:54:19.000 Edited by Adam Sajovic.

00:54:21.000 Audio is mixed by Mike Koromina.

00:54:22.000 Hair and makeup is by Nika Geneva.

00:54:24.000 The Ben Shapiro Show is a Daily Wire production.

00:54:26.000 Copyright Daily Wire 2020.

00:54:29.000 Democrats in six states head to the primaries today, and polling shows Biden might blow Bernie out of the water within just a matter of hours.

00:54:36.000 We will examine the latest data on Joe's chances in November.

00:54:40.000 Then, pundits on all sides attack the president for his response to the flu-man-shoe outbreak.

00:54:44.000 But a very important group, much more important than the chattering class, thinks President Trump is doing just fine. 0.85

00:54:49.000 Finally, a woman asked Slate if she should tell her husband to stop sleeping with his girlfriend to stop coronavirus from spreading to her mother.

00:54:56.000 We will break down this woman's problems, our culture's problems, both biological and social. 1.00

The Ben Shapiro Show - March 10, 2020

The Forces Of Chaos | Ep. 968

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