Trump has frozen or canceled more than $400 billion in federal spending, and Democrats are mad at him for it. Now it's up to Congress to fix the problem, and they're not happy with what he's done so far.
00:00:23.000Well, we have been hearing for a very long time that DOGE, that would, of course, be the Department of Governmental Efficiency under the tutelage, of Elon Musk has been a giant fail.
00:00:31.000We've been hearing this from the legacy media who have been saying that all the cuts are basically fake, that nothing is happening, that it's chaos, that it's wrecking the country.
00:00:40.000No on Social Security check has been stopped.
00:00:43.000The Medicaid checks are still going out.
00:00:46.000The Medicare checks are still going out.
00:00:48.000The government, unfortunately to my mind, is still running much as before.
00:00:51.000However, much spending has in fact really been stopped.
00:00:55.000There's been an open question as to how much spending will be permanently stopped.
00:00:58.000How much can be temporarily frozen versus actually just cut?
00:01:01.000Will firing these employees actually stick?
00:01:03.000But Democrats are caterwauling because as it turns out, Doge actually has been quite effective in stopping an enormous amount of spending.
00:01:16.000According to Reuters, President Trump's administration has so far withheld at least 436.87 Almost $42 billion was frozen or canceled for the State Department.
00:01:44.000Of course, that includes the freeze on support for USAID.
00:01:48.000Along with another $62 billion plus in competitive grant funding for the Transportation Department, according to the estimate.
00:01:55.000Democrats also are detailing $943 million frozen for the Head Start early education program.
00:02:00.000By the way, Head Start is one of the great fails in federal history.
00:02:04.000Head Start, the idea that you are radically increasing the chances for young children if they go to a federally funded, federally run preschool program.
00:02:11.000The data on Head Start has been pretty solid for a long time, showing effectively no difference between kids who go to Head Start and kids.
00:02:44.000In this administration, from the sort of executive order side of the administration, what President Trump can do unilaterally, to Congress.
00:02:51.000The focus needs to move to Congress because the truth is that President Trump, Doge, they can temporarily freeze a lot of this funding.
00:02:58.000But unless it's rescinded by Congress, it will go right back into place after a certain period of time.
00:03:04.000This is the reason why Democrats are freaking out about all of this.
00:03:08.000They're worried that Republicans are, in fact, going to start passing rescission bills that would make permanent many of the freezes and turn the freeze.
00:03:15.000According to the Reuters News Service, the administration is citing the Doge.
00:03:23.000Efficiency, movement, and the undoing of the federal government's DEI initiatives is reason for blocking congressionally approved funding.
00:03:30.000The question is how much the executive branch can actually block that funding under the 1974 Impoundment Control Act.
00:03:36.000Usually the president has to tweak levels by proposing cuts.
00:03:40.000That, of course, would be the rescission.
00:04:13.000And then, of course, there are still holdovers like Mitch McConnell, who is still in the Senate, who may vote against something President Trump wants.
00:04:19.000There are a wide variety of other senators with various other interests.
00:04:23.000So getting this whole thing together is, in fact, an attempt to herd cats by Senate Majority Leader John Thune, as well as Speaker of the House Mike Johnson.
00:04:48.000Now, Scott Besant, the Treasury Secretary, is saying that the tax bill target is July 4th.
00:04:56.000He was speaking yesterday from the White House press room, and he said that the tax bill negotiation is actually going better than they thought it would.
00:05:06.000It is going to give permanence to the 2017 Tax Cuts and Job Act, which will, back to the question on certainty, it will give American business certainty, it will give American people certainty.
00:05:22.000If the tax bill were not to pass, that would be a disastrous problem for the Trump administration, which is already fighting significant headwinds caused by the tariff war.
00:05:31.000Besson told reporters we have three legs to the president's economic agenda, trade, tax, and deregulation.
00:05:36.000We hope we can have this tax portion done by the 4th of July.
00:05:38.000Now, on the deregulation front, again, I think one of the reasons why the business community has not let the bottom fall out on the stock market is because there are a bunch of sort of conflicting pieces of data that the Trump administration is putting out.
00:05:50.000Business, investment, people don't like the trade war, people do like the deregulation, and they want the tax cut.
00:05:57.000So if those are the three legs of the stool in terms of what business would like, the trade war is not something that business typically likes.
00:06:03.000Business does want the tax cuts made permanent because uncertainty there, if you suddenly have to pay a significant percentage more of your income into the federal government, well, that's going to be a serious problem for a lot of businesses, for a lot of individuals, for investors.
00:06:18.000If the tax regime were to return to the 2015 status quo, for example, that'd be a huge problem.
00:06:24.000And so the tax bill does have to pass.
00:06:25.000And then there's the deregulation side, where again, business is very optimistic about deregulation and sort of hoping that President Trump backs off the tariff war.
00:06:33.000The deadline, according to Politico, pegged to the Independence Day recess comes as Republicans work through significant sticking points to get the party-line megabill through the House by Speaker Mike Johnson's Memorial Day target.
00:06:45.000Besson's updated timeline came out long after Senate Majority Leader Thune told reporters early on Monday the speed of the process.
00:06:54.000Democrats, of course, are not going to get on board with any hike to the debt ceiling because they are going to use that as leverage in the same way that Republicans use the debt ceiling as leverage.
00:07:09.000President Trump has suggested the possibility of completely blowing out the debt ceiling and basically getting rid of it as a tool of legislative control.
00:07:16.000Most members of Congress, including Republicans, are not in favor of that because Were that to happen, then it would basically remove a giant point of leverage.
00:07:25.000Besson told reporters after a big six meeting of top GOP negotiators that they don't have a new ex-state, but they'd have more information about when the country will need to raise its borrowing limit before the end of the week or next week as well.
00:07:37.000So again, there are a lot of things that are up in the air, and Speaker Johnson is going to have to magic this thing through.
00:07:42.000The same thing is true when it comes to Senate Majority Leader John Thune.
00:07:47.000We'll get to more on this in a moment.
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00:11:12.000In fact, I would love for Amazon to go even further.
00:11:14.000I think that Amazon should break down how much of a product's price, Is the sales tax in each individual state?
00:11:21.000I think that they should tell us how much of every product's individual price is attributable to the business having to pay Social Security tax payments.
00:11:31.000I think we should have a full breakdown on what actually goes into the pricing mechanism here.
00:11:37.000I think that in the same way, I thought it was good when businesses were listing the additional cost of Obamacare in their bills in 2011-2012.
00:11:44.000Right after Obamacare passed, there were businesses that actually put on the receipt How much higher the prices were because they had to pay for the Obamacare of their employees?
00:11:53.000I actually am in favor of this sort of transparency.
00:11:58.000In the same way that I don't think companies should be forced to do anything like this, but I kind of like it on a personal level when companies list the calorie counts of particular products because if you're on a diet or you're trying to figure out what sort of calorie counter you're trying to hit, you go into a restaurant, it tells you the calories.
00:12:23.000The White House, however, took this as a gigantic insult.
00:12:27.000Caroline Lovett at the White House, she said that this was terrible and that actually it was doing the work of China to show how much additional cost was created by the tariffs.
00:12:36.000This is a hostile and political act by Amazon.
00:12:40.000Why didn't Amazon do this when the Biden administration hiked inflation to the highest level in 40 years?
00:12:47.000And I would also add that it's not a surprise because, as Reuters recently wrote, Amazon has partnered with a Chinese propaganda arm.
00:12:56.000So this is another reason why Americans should buy American.
00:13:00.000It's another reason why we are on-shoring critical supply chains here at home to shore up our own critical supply chains.
00:13:09.000So actually, it was not going to apply to all of Amazon.
00:13:12.000Apparently, it was going to affect items that were sold on haul, which is Amazon's answer, to Timu, the Chinese retailer.
00:13:17.000So it's actually in competition with Timu, showing exactly how much tariffs were going to cost.
00:13:23.000Now, again, the idea that this is some sort of horrible thing, that Amazon is taking an anti-Trump administration approach to the tariffs, they're a retailer.
00:13:32.000It would be shocking if Amazon did not oppose massive importation taxes that the Trump administration is placing on product.
00:13:39.000Again, I know too many people in the business community who are having to hike their prices, who are seeing their demand plummet, who are going to have to lay people off.
00:14:01.000You can go to Amazon right now and you can see what a product costs.
00:14:07.000It's actually not hard to find out at all.
00:14:09.000And it's one of the reasons why Joe Biden is no longer president of the United States.
00:14:12.000I mean, aside from the fact that he's dead, one of the reasons is because Americans very obviously knew that inflation was taking a massive toll on their pocketbook, that things cost a lot more in 2024 than they cost in 2021.
00:14:26.000Again, if you think it's a good economic policy, you should probably be in favor of the transparency.
00:14:30.000If you think the tariff war is a good idea, that it's good for American consumers.
00:14:34.000Then you're going to have to explain why the American people should not know about the impact of the tariffs on pricing.
00:14:40.000Speaking of which, the Trump administration has been trying to carve some holes into a variety of these tariffs.
00:14:50.000One of those holes was going to be tariffs for U.S. automakers.
00:14:53.000According to Axios, the Trump administration said on Tuesday it will ease tariff pressure on automakers with reimbursement for taxes on foreign auto parts.
00:15:01.000So senior administration officials say the relief came after conversations with domestic auto manufacturers, many of which have warned about the economic damage from the previously imposed 25% tariff rate.
00:15:11.000President Trump is expected to sign an executive order that would reimburse automakers for as much as 15% of those tariffs paid on imported foreign parts.
00:15:18.000That would move down to 10% next year.
00:15:20.000So it's still going to hike the tariffs on imported auto parts.
00:15:24.000It'll make it a little bit less egregious for domestic American auto manufacturers.
00:15:30.000At the same time, Howard Lutnick has now said that foreign automakers are still going to get slammed.
00:15:38.000He says that there will be tariff relief for U.S.-built cars with 85% domestic content.
00:15:43.000But there are a bunch of factories in the United States, owned by places like Honda, for example, that is a foreign company, that may not actually be freed of all of this.
00:15:52.000So why would you then buy a factory or build a factory if you're Honda, if you're a foreign car, if you're Volkswagen, why would you build a factory in the United States if it doesn't even help you escape the tariffs?
00:16:01.000So even internally, this policy has some serious problems.
00:16:05.000Speaking of Volkswagen, by the way, on Wednesday, they reported a substantial drop in first quarter profit.
00:16:11.000Europe's biggest carmaker reported an operating profit of 2.9 billion euros.
00:16:14.000That's $3.3 billion, according to CNBC.
00:16:16.000For the first three months of the year, that is down 37% from the same period last year.
00:16:22.000And again, Volkswagen is sold in the United States, meaning there are American jobs that are attached to Volkswagen.
00:16:29.000There are dramatic fallout events from the tariffs.
00:16:34.000And as far as the Amazon of it, apparently President Trump called Jeff Bezos and he wanted Bezos to kill it, so Bezos did.
00:16:40.000That seems to be the impression, at least.
00:16:44.000So how's all this affecting China, right?
00:16:46.000Because this was all supposed to be directed against China.
00:16:49.000It was all supposed to be directed against...
00:16:52.000The Chinese government preventing them from growth, reshoring manufacturing in the United States.
00:16:58.000And the administration keeps saying that China is going to come to the table.
00:17:02.000So Scott Besson, the Treasury Secretary yesterday, he said, over time, we're going to see the Chinese tariffs are actually horrible for China.
00:17:10.000Over time, we will see that the Chinese tariffs are unsustainable for China.
00:17:16.000I've seen some very large numbers over the past few days that show if these numbers stay on, Chinese could lose 10 million jobs very quickly.
00:17:27.000And even if there is a drop in the tariffs, that they could lose 5 million jobs.
00:18:28.000Have you heard of the eye of the storm?
00:18:31.000It appears calm for a moment, but is actually a deadly trap, but calm before an even fiercer storm.
00:18:40.000The U.S. has stirred up a global tariff storm and deliberately targeted China, playing a 90-day pause game with other nations, forcing them to limit trade with China.
00:18:50.000This is just like the deadly trap of the eye of the storm.
00:18:54.000Bowing to a bully is like drinking poison to quench thirst.
00:19:01.000Because we know, standing up for ourselves keeps the possibility of cooperation alive.
00:19:07.000While compromise snuffs it out, China won't back down.
00:19:10.000So the voices of the weak will be heard, bullying will be stopped, and justice will not disappear from the world.
00:19:17.000For China, for the world, we must rise and fight on.
00:19:23.000Okay, so China is trying to build a multipolar world in much the same way that Russia wants a multipolar world with itself as sort of the center of Eurasia.
00:19:30.000China would love a multipolar world with itself at the very least at the center of the Southeast Asian part of the globe.
00:19:38.000Plus, they're spreading their tentacles all the way across Eurasia, into Africa, even into South America.
00:19:44.000So they are very pleased, actually, that President Trump, in declaring a trade war on China, also decided to simultaneously declare a trade war on everybody else.
00:19:52.000Because that pushes all those countries toward China and away from the United States.
00:19:56.000That is why China is perfectly happy with this situation.
00:19:59.000They actually are quite pleased with all of this.
00:21:01.000Do you know of any trade agreements that they are close to actually closing it out?
00:21:04.000And not just top lines, a memorandum of understanding.
00:21:08.000Well, I know that they're very focused in taking a look in those 35, who is ready to come to the table.
00:21:14.000The top half of those 35 have been broken into three tiers, and these folks are working around the clock over the weekends to get trade deals.
00:21:22.000And I think for President Trump, you're going to see one trade deal after another announced.
00:21:27.000When you start walking through 100 announcements with 100 different countries, and every single one of those, we end up with a better trade deal than we have right now.
00:21:36.000I mean, how could anybody say I mean, he's arguing that he's made 200 trade deals so far.
00:21:44.000Well, there is all kinds of countries that are showing up at the doorstep because they understand that America is serious about leveling the trade issues right now.
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00:24:35.000Meanwhile, opponents of President Trump are in fact succeeding.
00:24:38.000In areas around the globe, including Canada, there's been this sort of bizarre divide that has emerged in some of the Trump-supportive movements, and that divide is kind of tripartite.
00:24:48.000There are some of us in the Trump camp who are very upset that Mark Carney won the election in Canada because he is, in fact, a shill of the World Bank.
00:24:56.000When you talk about globalists, Mark Carney is sort of the definition of a globalist, meaning international institutions ought to rule the roost.
00:25:04.000Immigration ought to be relatively open.
00:25:07.000There ought to be commerce, not regulated by country or bilateral deals, but commerce with some of the worst places on earth, including places like China.
00:25:18.000Carney is very much in favor of regulation.
00:25:22.000That guy's the prime minister now, so I think that it's quite bad on a personal level that President Trump intervened in the Canadian election by basically just crapping all over Canada repeatedly to no actual effect, by the way.
00:25:36.000And then there's another wing of the Republican Party that says that basically Trump's activities had nothing to do with the victory of Mark Carney, which to me is just pretending or coping.
00:25:46.000I don't think that there's any argument that can plausibly be made that President Trump saying repeatedly that Canada was going to be the 51st state and then suggesting over and over that tariffs were going to force them to capitulate their sovereignty to the United States.
00:25:59.000Maybe we'd invade that that had no impact on the election whatsoever.
00:26:10.000And then there's the third category of people who seem to be perversely happy that Mark Carney is the prime minister.
00:26:19.000And that group of people, a lot of those folks, seem to be convinced that if there is a right-wing leader who is allied with principles of conservatives in the United States, but is not quote-unquote Trumpy enough, better to have a left-wing leader than somebody Our
00:27:00.000old relationship with the United States.
00:27:05.000On steadily increasing integration is over.
00:27:09.000The system of open global trade, anchored by the United States, a system that Canada has relied on since the Second World War, a system that, while not perfect, has helped deliver prosperity for a country for decades,
00:28:44.000The Conservative Party actually won a larger percentage of the vote in Canada than they have at any time since 2011, when they last won the government.
00:28:50.000The big story of the election is not just that Carney won, it is that he also drew votes from a lot of the sort of fringe left-wing parties who consolidated around him in order to quote-unquote fight Trump.
00:31:18.000In that same speech, he said that he wanted to supercharge Canada's trade with Europe and Asia.
00:31:23.000Quote, the system of open global trade anchored by the United States, a system that Canada has relied on since the Second World War, a system that, while not perfect, has helped deliver prosperity for our countries for decades, is over.
00:31:33.000He is pledging closer integration with the European Union.
00:31:41.000He's also, presumably, going to be turning toward China.
00:31:51.000In revolutionary fashion during his first term, told the world, including the left, that China was a geopolitical opponent of the United States who needed to be treated that way.
00:32:01.000And large swaths of even the Democratic Party in the United States understand that.
00:32:08.000But if you are going to box in China, that requires a meticulously thought-out strategy.
00:32:14.000And you know what would help is allies like Pierre Poliev in power in Canada and not Mark Carney in Canada.
00:32:20.000Carney is going to face some serious problems in Canada.
00:32:25.000Carney's economy, which, again, he inherits from his own party, the Liberal Party, is really, really sluggish.
00:32:31.000If you look at the first year of the Trudeau government, 2016 through 2024, according to the Wall Street Journal, Canada's real GDP growth per capita was 2.5% versus 18.7% for the United States.
00:32:42.000And business investment per worker, excluding housing, actually fell between 2015 and 2023.
00:32:49.000So he's going to have to face down a lot of this stuff.
00:32:52.000But that does not mean that it is a good thing that he ends up as the actual Prime Minister of Canada when all this is said and done.
00:33:01.000It would be much better for the United States to have an ally in that position rather than somebody who hates President Trump.
00:33:09.000The best case scenario at this point for conservatives in Canada is that The Liberal Party, which does not have an open majority in the parliament, they have to ally with some fringe parties in order to achieve a majority, that they govern poorly, the government falls within the next 24 months, and then Poliev is prime minister.
00:33:26.000However, this election was within grasp of people who were more conservative, and if you don't think it had anything to do with President Trump bashing the Canadians over the head, and then Canadians getting the wrong impression that Poliev was allied with that bashing, I don't know what to tell you.
00:33:45.000Meanwhile, in good news, apparently President Trump is in fact shifting his position with regard to Vladimir Putin and Vladimir Zelensky and Ukraine-Russia in general.
00:33:54.000There's a good article in the New York Times about the Finnish leader, President Alexander Stubb of Finland, who is optimistic that Vladimir Putin will in fact be stared down by the President of the United States.
00:34:06.000In an interview with the New York Times on Sunday, Stubb downplayed his effect on Mr. Trump.
00:34:10.000He apparently has a good relationship with President Trump.
00:34:14.000He says that President Trump is going to actually stand down Vladimir Putin.
00:34:20.000Stubb said, quote, everyone has to understand the only thing that Putin understands is power.
00:34:23.000I mean, there's a reason why Finland has one of the strongest militaries in Europe, and the reason is not Sweden.
00:34:28.000The reason is because Russia shares an 835-mile border with Finland, and they fought a bunch of skirmishes and wars with Finland.
00:34:36.000And in fact, Russia, Alexander Dugin, who we talked about last Friday on the show, he has openly called for the quote-unquote Finlandization of much of Western Europe, meaning sort of regimes that are puppet regimes friendly to the Russians.
00:34:48.000And Finland doesn't like that very much.
00:34:51.000So according to the New York Times, Stubb has been having discussions with President Trump.
00:34:56.000He said, the president is running out of patience.
00:34:58.000We've now seen statements which are quite tough on Putin in Russia.
00:35:00.000I hope the Kremlin understands you don't play with President Trump.
00:35:04.000Obviously, I certainly hope that this is the case.
00:35:07.000I think that the proper way to get to the end of the war is in fact to stand Russia down.
00:35:11.000Otherwise, Russia is not going to accept an end of the war.
00:35:14.000I've been calling for precisely the same thing in this war since about month four.
00:35:25.000And everybody, I think, understands that.
00:35:28.000I think that the Ukrainians understand that the prospect of them winning back.
00:35:32.000The Donbass and Crimea regions are basically non-existent at this point, given their current levels of weaponry and military materiel and manpower.
00:35:42.000However, you know who doesn't understand that right now is Vladimir Putin, who continues to up the ante every single day.
00:35:48.000Vladimir Putin is basically waiting for the United States to drop out of this, and then he's going to push incredibly hard.
00:35:54.000And if Vladimir Putin were able to ingest Ukraine full-scale, that would be quite bad for the United States.
00:36:37.000Ukraine's constitution does call for them since 2019 to actually try to join NATO.
00:36:41.000You can see the reason why, and it's because Russia actually does not want a direct fight with NATO at this point.
00:36:46.000Although if they gathered Ukraine in, it's quite possible they might try something in Estonia, Latvia, or Lithuania.
00:36:52.000Probably Lithuania, considering that Kaliningrad is actually a small province that exists bizarrely as Russian territory on the borders of Lithuania on the other side, physically disconnected from Lithuania.
00:37:03.000In any case, if they were to ingest Ukraine, it would actually put them on the borders of Poland, Slovakia, Hungary, and Romania, all of which are NATO members.
00:37:11.000So it broadened their confrontational capacity with regard to NATO.
00:37:17.000But put all of that aside, the bottom line here is that The Russians very much would love for this war to continue so long as it gives them the possibility of victory.
00:37:26.000President Trump, I think, is understanding that at this point, which is a very, very good thing.
00:37:30.000Meanwhile, another thing that the Trump administration ought to understand, the Iranians are playing them.
00:37:49.000Simultaneously, by the way, the idea that a military strike by Israel or by Israel accompanied by some B2s from the United States would result in a full-scale regional war in which the United States would have boots on the ground is a lie.
00:38:08.000The United States killed Qasem Soleimani during Trump's first term, and we did not end up in a full-scale shooting war with the Iranians with American boots on the ground in Iran or anything remotely like that.
00:38:19.000In Yemen, which is actually quite far away from Iran, geographically speaking, does not amount to a shooting war in Iran with American boots on the ground in Iran.
00:38:28.000That is an attempt to free the Red Sea of Houthi piracy and allow free shipping.
00:38:33.000The reason I bring all of this up is because Iran is now basically trying to wheedle their way into the good graces of the Trump administration.
00:38:40.000Steve Whitcoff, of course, has been deployed over there.
00:38:44.000The Qataris are a cutout for the Iranians.
00:38:45.000They funnel over the past decade and a half or so.
00:38:48.000Something like $1.8 billion to Hamas when they are not spending hundreds of millions of dollars on American universities for some odd reason that no one can discern.
00:38:58.000According to Bloomberg, Iran is now pitching its sanctioned economy to him as an investment opportunity, which again, listen, I'll give it to the Iranians.
00:39:07.000He likes deals and he likes economic deals.
00:39:09.000That's why he talks about the possibility of an economic deal that would include Russia in the world economy.
00:39:14.000Maybe new economic opportunities arise.
00:39:17.000Now, that does have its positive aspect.
00:39:19.000The Abraham Accords are largely based on the idea that commerce conquers all.
00:39:23.000However, as China shows, commerce does not always conquer all.
00:39:27.000Countries that hate our guts are perfectly willing to use the tools of capitalism, using mercantilist theory, in order to enrich themselves and then oppose us wherever they can.
00:39:38.000Is Iran more like Saudi Arabia and the UAE, or is Iran more like China in terms of its actual intentions with regards to the United States?
00:39:46.000Iran is attempting to basically play the Trump administration into allowing them a nuclear program by pledging that they're going to allow for some sort of economic cooperation.
00:39:56.000According to Bloomberg, with talks between Iran and the United States over the Islamic Republic's atomic activity showing signs of progress, top Iranian officials are for the first time in decades overtly promoting their economy to the White House to secure a lasting and more effective nuclear accord.
00:40:09.000If Trump wants a deal that's better for the US than the one he jettisoned in 2018, the Iranians want the same for Iran.
00:40:14.000Tehran's top envoy, Abbas Arahi, wrote in a Washington Post op-ed last week, a new nuclear deal could give the U.S. companies access to what he claims is a trillion-dollar economic opening in a country of about 90 million people with some of the world's biggest oil and gas reserves.
00:40:29.000Obviously, this is a way of attempting to draw President Trump in, to draw him into a deal.
00:40:34.000Russia is also attempting this same sort of tactic.
00:40:40.000They understand that if the Trump administration is looking for economic deals, Offering them economic deals is a great way to get themselves off the hook while simultaneously promoting the most anti-American activity in respective regions, whether you're talking about Ukraine, whether you're talking about Lebanon,
00:40:56.000Syria, Yemen, the Gaza Strip, or any of the rest.
00:41:00.000Again, the question that the Trump administration should be asking itself is if the Obama-Iran deal was bad, which it was, and if China is capable of using capitalism as a tool against the United States.
00:41:11.000Why in the world would we think that Iran is incapable of using market integration as a tool for the spread of terrorism, for example, or that Russia is incapable of the same?
00:41:21.000The answer is they are very much capable of the same.
00:41:25.000Meanwhile, the culture shift in the United States is very real.
00:41:29.000We have said here at The Daily Wire that we are now norming in America.
00:41:34.000It's not mooring in America, it's norming in America.
00:41:36.000We're getting back to something looking like normal.
00:41:43.000But just culturally speaking, people are done with this sort of cultural chaos that suggests that, for example, the kids must be trans.
00:41:49.000According to the Wall Street Journal, MasterCard is not renewing its corporate sponsorship of the New York City Pride March, the city's annual march for LGBTQ plus minus divided by signed rights for 2025.
00:41:59.000MasterCard has supported Heritage of Pride, that is the nonprofit group that organizes the New York March, but now they are not returning.
00:42:06.000That also includes Pepsi, Nissan, Giant in Banking City and PricewaterhouseCoopers.
00:42:13.000Most have not opted out of all pride activities in the United States.
00:42:16.000They'll instead kind of downgrade it to a branded booth or something.
00:42:20.000But they're not going to be making a major spend.
00:42:22.000And the answer is because it turns out that it alienates a lot of the normies when you have men in assless chaps walking down the street with a Budweiser brand on them.