The Ben Shapiro Show - December 13, 2021


When Will The Biden Inflation Bubble Burst? | Ep. 1394


Episode Stats

Length

48 minutes

Words per Minute

209.98965

Word Count

10,146

Sentence Count

736

Misogynist Sentences

8

Hate Speech Sentences

2


Summary

Inflation hits the worst levels in 40 years as Joe Biden tries to play kissy face with Jimmy Fallon and Jen Psaki assures parents they really do want their children eating lunch off the floor. Subscribe to my new podcast, The Weekly Standard, where I break down what s really going on in the world and try to make sense of it. Click here for the free epsiode of my newest podcast, "The Weekly Standard's Top 10 Most Influential People in America." Click here to buy $10 worth of Gold by December 23rd! Don't like big tech and the government spying on you? Visit ExpressVPN.org/Don'tLikeBigTech and get 20% off your first month with discount code: "ExpressVPN" at checkout. Don't forget to rate and review the show on Apple Podcasts! and leave us your thoughts and suggestions in the comments section below! You can also become a Friend of the Show by becoming a patron of the show and getting 10% off the first month, plus free shipping and handling fees! If you like the show, please consider pledging a monthly pledge of $10 or more! Ben Shapiro's newest book, "Inflation: The Real Story" is out now! Watch the video version of this episode here: bit.ly/inflation-theory and subscribe to the show? Learn more about Ben Shapiro on his new book, The Ben Shapiro Show? and leave him a review on iTunes? Thank him on Insta-only podcast? If he's listening to Ben Shapiro s newest book? ? Thank you, Ben Shapiro is listening to me on Instafeed? I'll review this episode on his story on or he's not listening to him on his podcast on his profile on his on Instacart? or something else on his page and he's really listening to it on Instavay? , or else he's tweeting me on it's not responding to his story or he says it's really good or he does it or he s amazing or he really is more than that saving him or he gets it on it really he really says it really is that he's a great thing or he tweets it etc etc. etc... really he's got it really good, right he really does it really means it's amazing and more of it really really good and more like that? etc ...


Transcript

00:00:00.000 Inflation hits the worst levels in 40 years as Joe Biden tries to play kissy face with Jimmy Fallon and Jen Psaki assures parents they really do want their children eating lunch off the floor.
00:00:09.000 I'm Ben Shapiro.
00:00:09.000 This is the Ben Shapiro Show.
00:00:16.000 This show is sponsored by ExpressVPN.
00:00:18.000 Don't like big tech and the government spying on you?
00:00:20.000 Visit expressvpn.com slash Ben.
00:00:23.000 You may have noticed that inflation rates are wildly out of control.
00:00:26.000 Now would be an excellent time to diversify at least a little bit into precious metals considering the government is inflating the currency basically into the ether.
00:00:33.000 Whether they're looking at your accounts or taxing your unrealized gains, the government will come after your money.
00:00:37.000 They are very creative when it comes to taking your hard-earned money to fund their expensive, radical agenda.
00:00:42.000 I've said it before, I'll say it again.
00:00:43.000 You're making a mistake if you're not diversifying your savings.
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00:01:11.000 You know one thing that has never been worth zero?
00:01:13.000 No, not Lehman Brothers.
00:01:14.000 Gold.
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00:01:17.000 Protect your savings today.
00:01:18.000 The government is interested mostly in the government spending all of your money and then maybe grabbing some more of your money in order to pay for the fact that they've spent all your money already.
00:01:25.000 So, you know what?
00:01:26.000 Protect your savings today.
00:01:28.000 All right, speaking of inflation, the statistics for the Biden administration are just egregious.
00:01:36.000 So about the middle of last week, you started to see the Biden administration trot out a new line of propaganda.
00:01:41.000 Their new line of propaganda is that the economy is actually going swimmingly.
00:01:44.000 This is because the unemployment rates are low.
00:01:46.000 Well, the unemployment rates are low for a couple of reasons.
00:01:49.000 One, people have a lot of money in their bank account because the government literally just helicoptered cash to people last year.
00:01:54.000 They just threw money at people.
00:01:56.000 And so people actually have a lot of money in their savings accounts right now.
00:01:59.000 That is starting to dwindle as the unemployment benefits have run, and you're starting to see people go back into the workforce.
00:02:05.000 But this has created a massive artificial shortage of labor.
00:02:09.000 And because Democrats keep pushing to restructure the relationship between the individual and the government, there are a lot of people who are sort of waiting around thinking that the government is going to pick up their tabs at this point.
00:02:19.000 Okay, so that is problem number one.
00:02:21.000 But the government is treating that as solution because the unemployment rate is low.
00:02:24.000 Also, there's a vast gap in the unemployment rate between some of the blue states and a lot of the red states.
00:02:29.000 In fact, all of the states that are best on unemployment right now are red states.
00:02:32.000 All of the states that are worst on unemployment are blue states.
00:02:35.000 That's because the blue states continue to lock down over COVID because they've decided to panic their citizens with the promise that government would be able to solve this crisis when, in fact, government really cannot solve the crisis beyond making the vaccines available, which they did almost a year ago at this point, all the way back in February and March.
00:02:51.000 So the Biden administration is facing down a lot of bad news.
00:02:54.000 The polling data for them is really, really bad.
00:02:55.000 So they started to put out this line that the economy... Actually, you don't know what's going on, guys.
00:03:00.000 You don't know what's going on.
00:03:01.000 Secretly, the economy is really, really good.
00:03:03.000 There's only one problem.
00:03:04.000 The economy is not really, really good.
00:03:06.000 Inflation should not be spiraling out of control this way.
00:03:09.000 According to the Washington Post, Prices rose at the fastest pace in nearly 40 years last month.
00:03:14.000 40 years!
00:03:15.000 Increasing 6.8% over the same period a year ago as inflation continues to squeeze households and businesses nationwide and complicates the political environment for Congress and the White House.
00:03:24.000 That's one way of saying that Democrats are in serious trouble according to the generic ballot.
00:03:28.000 Republicans are up 10 points in the generic ballot right now.
00:03:31.000 And those numbers rarely go the other way.
00:03:33.000 When the party in power is already trailing in the mid-term elections, By the end of December of the year before, it almost never goes the other way.
00:03:44.000 There are very few exceptions to that particular rule.
00:03:47.000 2002 is one of those rules, and that's because of September 11th.
00:03:50.000 But generally, the party in power doesn't do well in the midterms, and if they're trailing, it usually gets worse for them before the election.
00:03:56.000 Consumer Price Index data released Friday by the Bureau of Labor Statistics showed that prices rose 0.8% in November compared with October, with inflation spreading further throughout the economy, including to areas that had not been as affected by the coronavirus pandemic.
00:04:09.000 The November data marked the largest 12-month increase since June 1982, during a period when inflation was more of a scourge on daily life than most millennials have ever known.
00:04:18.000 Current inflation dynamics have been spurred by a devastating pandemic that roiled the global economy, upsetting the workforce and supply chains, etc., etc., etc.
00:04:24.000 Okay, well actually, if you were to measure inflation by the same sort of consumer price index that we used in 1980, the inflation year-over-year in the United States is not 6.8%, it's like 14%.
00:04:33.000 Okay, this is devastatingly bad.
00:04:36.000 And even the media have been forced to cover it.
00:04:39.000 So, here is, for example, ABC News' David Muir saying, yeah, we already know inflation is high.
00:04:46.000 You don't need us to tell you what you're seeing already.
00:04:48.000 The new report out tonight showing inflation is now near a 40-year high in this country.
00:04:54.000 Consumer prices up 0.8% last month alone.
00:04:55.000 Year-to-year, prices up now 6.8%.
00:05:01.000 Americans are paying more for gas, food, clothing, and cars.
00:05:05.000 Tonight, President Biden acknowledging it is squeezing many families across this country.
00:05:09.000 He pointed to the pandemic, the supply issues, not just in the U.S., but around the world.
00:05:14.000 But we know there are many moving parts on this.
00:05:16.000 Okay, and again, it's not just David Muir.
00:05:20.000 ABC's Rebecca Jarvis says this is not a bump in the road.
00:05:23.000 And for all the talk about the Biden administration saying that this is merely temporary, they're saying temporary.
00:05:28.000 Most economists do see these prices as more than a bump in the road.
00:05:32.000 They expect inflation to persist through next spring.
00:05:35.000 And remember, these supply chain issues are global, caused by the pandemic.
00:05:39.000 But there are also, as you point to, labor shortages, issues of people, many Americans waiting to return to work until they see wages rise more significantly, having saved up $2 trillion throughout the course of the pandemic by not dining out, by not traveling, Expectations are now that the Federal Reserve will have to step in and hike interest rates next year in order to cool things up.
00:06:05.000 So how much are the expenses up?
00:06:06.000 According to CBS News' Noral O'Donnell, expenses for the typical family are up $4,000.
00:06:11.000 Okay, that's not a minor bump in the road.
00:06:14.000 That's not a hiccup.
00:06:15.000 $4,000 is a lot of money for most people.
00:06:18.000 Prices were up 6.8% in November compared to a year ago.
00:06:22.000 That is the biggest increase in nearly 40 years.
00:06:25.000 The cost of pretty much everything is surging.
00:06:27.000 Food, gas, electricity, housing, cars, and clothes.
00:06:31.000 And those who received raises this year are seeing them wiped out by skyrocketing costs.
00:06:36.000 Listen to this.
00:06:36.000 By one estimate, expenses for a typical American family have shot up by about $4,000 in the past year.
00:06:45.000 Okay, Democrats are in real trouble here because, again, all of their policies are geared toward making this worse, not better.
00:06:49.000 We'll get to that in just one moment.
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00:07:56.000 The Democrats are trying to maintain that everything is fine.
00:07:59.000 That everything is fine.
00:08:00.000 Or they're trying to blame the Federal Reserve.
00:08:02.000 But the reality is that their policies are the big problem.
00:08:06.000 There's an article from the Washington Post yesterday.
00:08:08.000 It is titled, In Liberty County, workers who quit feel liberated, but the community discovers a powerful downside.
00:08:14.000 Oh, you mean that paying people to stay home leads to price inflation and shortages?
00:08:19.000 Who could have suspected such a thing, except for anyone with a functioning prefrontal cortex?
00:08:24.000 According to the Washington Post, Maggie Town quit her job as a hotel front desk manager because the pandemic taught her she could squeeze by without her paycheck.
00:08:32.000 Now home with her kids, Townes says her life is much improved.
00:08:35.000 But at the La Quinta hotel she left, an exodus of housekeepers and front desk workers forced owner Hassal Patel to close the swimming pool and fitness center and sharply reduce room cleaning.
00:08:45.000 Fannie Lou Bruton left her job as a cook because she didn't want to be around so many people anymore.
00:08:49.000 She realized, she said, I did enough.
00:08:51.000 She's delighted that the COVID pandemic drove her into retirement.
00:08:53.000 But at Izola's Country Cafe, where the staff has plummeted from 42 to 12 workers, the owners had to eliminate breakfast, slash their hours, and shut entirely on Sundays.
00:09:03.000 Liberty County, a 45-minute drive southwest of Savannah, is Quit Town, USA, one of the many places across the country where the pandemic slammed the brakes on propulsive job growth and startling numbers of people have quit their jobs this year, including more than 12 million Americans this fall alone.
00:09:17.000 The result, according to business owners and county officials, is a place where people are thinking about work in new, sometimes revelatory ways, but also feeling the pain of reduced services, pinched bottom lines, and a diminished sense of community.
00:09:29.000 Right, because it turns out that the left-wing dream that nobody ever works anymore and then we all get to sit home and finger-paint Jackson Pollock?
00:09:35.000 That is not real.
00:09:36.000 People actually need work to feel fulfilled.
00:09:39.000 Also, if you wish for there to be productive goods and services for you to trade with somebody else, you need to go to work.
00:09:45.000 The left's dream, which is that everybody will basically stay home and the government will cut them a check while they watch soap operas, is a ridiculous and stupid dream.
00:09:52.000 It undermines actual human flourishing.
00:09:55.000 Workers who have stepped away from full-time jobs say the pandemic helped them discover they can survive on occasional gig work and government benefits.
00:10:01.000 Oh, can they?
00:10:02.000 Well, who pays for those government benefits?
00:10:04.000 Pray tell.
00:10:05.000 Could that be the rest of us who are working?
00:10:07.000 Work harder?
00:10:07.000 Millions on welfare depend on you?
00:10:09.000 Gonna bring back the 1970s bumper stickers?
00:10:11.000 Many Liberty County residents left minimum wage positions at restaurants, hotels, and retail outlets to take jobs at the county's burgeoning warehouses and distribution centers.
00:10:19.000 The upside?
00:10:20.000 As much as double the pay and more flexibility in work hours.
00:10:22.000 The downside?
00:10:23.000 Severe strains of the mom-and-pop businesses they quit and damaged or severed long-standing social bonds.
00:10:28.000 So yeah, all the people who say they're for small businesses have basically wrecked small business across the country.
00:10:33.000 There has never been a dichotomous split in wealth like we've seen during this pandemic.
00:10:38.000 Probably throughout human history, basically the middle class split into people who are big corporations, which did pretty well during the course of the pandemic, and welfare.
00:10:48.000 And if you're in the middle, if you're running a small mom and pop shop, if you're running a restaurant, if you took out your life savings and you try to build a business, And your business just wasn't large enough to survive the government shutdowns?
00:10:58.000 And guess what?
00:10:59.000 You're out on your ass.
00:11:00.000 And the left is celebrating this.
00:11:01.000 They think this is good.
00:11:03.000 They think this is good.
00:11:05.000 Right?
00:11:06.000 It is not good.
00:11:07.000 It is very bad.
00:11:07.000 Okay?
00:11:08.000 And by the way, it has bleed-over effects in terms of the inflation rate.
00:11:12.000 And now you get the inflationary spiral because why would you re-enter the workforce unless you get a giant raise?
00:11:17.000 But if you get a giant raise, guess where the prices are going to have to go in order to pay for that giant raise?
00:11:21.000 And so you get a wage-price spiral.
00:11:23.000 That is what is happening right now.
00:11:25.000 The Biden administration is trying to downplay this, pretending that it's not really a big deal.
00:11:30.000 In fact, here is the President of the United States, Joe Biden, trying to remain alive, saying that, you know, inflation is really not that big a deal.
00:11:36.000 This is Joe Biden over the weekend.
00:11:39.000 You know, the biggest one, a third of the increase in inflation is used automobiles.
00:11:46.000 So, I mean, it is a real problem.
00:11:49.000 But the point is that has to do with supply chain as well, but it also has to do with the fact that not everybody's looking for a used automobile, but those who are, they're paying higher prices because there's fewer of them because of the COVID and what was sold out and the like.
00:12:05.000 Okay, so cream of wheat for both mouth and brains, the President of the United States.
00:12:10.000 Trying to downplay inflation as used cars is insane.
00:12:14.000 At the beginning, used cars were driving some of the inflation stats.
00:12:17.000 Not anymore.
00:12:18.000 What is driving the inflation stats at this point is not even things like food and gas.
00:12:22.000 In the Consumer Price Index, absent food and gas numbers is still extraordinarily inflated.
00:12:28.000 Everyone knows this.
00:12:29.000 So he is lying to you.
00:12:30.000 And the thing is that not a lot of people are believing it.
00:12:33.000 Jen Psaki was asked questions about inflation over the weekend.
00:12:36.000 She didn't have much to say about it.
00:12:37.000 She tried to avoid the questions.
00:12:39.000 Given what Jerome Powell is now saying, does the administration, does the president acknowledge that inflation is more entrenched and not transitory?
00:12:47.000 Well, Kristen, I would say that I can't speak, obviously, for Jerome Powell, but I think part of the point here is that it doesn't really matter what you call it.
00:12:58.000 Well, we've seen costs increase in some areas, and we've seen them move in a good direction in some areas as well.
00:13:03.000 What we need to do now is think about what we're going to do about rising costs.
00:13:07.000 in some areas and we've seen a good direct that move in a good direction in some areas as well. What we need to do now is think about what we're going to do about rising costs. What is our plan to address rising costs?
00:13:21.000 And what is their plan to address rising costs?
00:13:25.000 They have a two-pronged plan.
00:13:26.000 One is to basically kick it over to the Fed and hope that the Fed tapers.
00:13:29.000 And then they can blame the Fed for the sinking economy as opposed to, you know, their own bad policies.
00:13:34.000 And two, spend more money.
00:13:35.000 So over the weekend, Joe Biden said, We've never had this kind of growth in 60 years, but inflation is affecting people's lives.
00:13:41.000 The reason why economists think Build Back Better is going to, in fact, diminish the impact on inflation is because it's reducing costs for ordinary people.
00:13:51.000 No, it is not.
00:13:52.000 No, it is not.
00:13:53.000 Larry Summers, who has been the voice of reason throughout this entire inflationary spiral, you remember that he was the Treasury Secretary under Bill Clinton, and he was saying early on when the Biden administration was pushing $1.9 trillion quote-unquote bailout package that was absolutely unnecessary in the aftermath of vaccine distribution.
00:14:10.000 He said, we're going to hit an inflationary spiral.
00:14:12.000 And everybody laughed at him because we truly have not had a major inflationary spiral in the United States for 40 years.
00:14:17.000 Well, now it's back.
00:14:17.000 Larry Summers was right.
00:14:19.000 All y'all were wrong.
00:14:20.000 And here is Larry Summers saying, yeah, if Joe Biden got his spending plans through, there would be more inflation, not less.
00:14:25.000 I think the inflation rate would be slightly higher in 2022 and 2023 with the Build Back Better than it would be without the Build Back Better.
00:14:38.000 I think over the longer term, there might be some effects that go the other way.
00:14:43.000 But I think over the next couple of years, what economists say, ceteris paribus, other things equal, it would raise the inflation rate.
00:14:54.000 Okay, he is correct.
00:14:55.000 Okay, now here's the problem for the Democrats.
00:14:57.000 They can't get out of this without one of two things happening.
00:15:01.000 Either Joe Biden stopping the spending and allowing things to get back to normal, which they can't do because his entire agenda is reliant on the idea that he has to do something big and he has to keep pushing big things, or the Federal Reserve has to taper and taper in really short order.
00:15:15.000 And when that happens, you will see a spike in the unemployment rate.
00:15:17.000 This is what happened back when Paul Volcker did this in the early 1980s.
00:15:21.000 Paul Volcker had actually been appointed to the Federal Reserve By Jimmy Carter.
00:15:25.000 And he waited until the Reagan administration and he really started to raise interest rates.
00:15:28.000 And when that happened, you saw a sharp spike in the unemployment rate in the United States.
00:15:33.000 Because these two things tend to happen.
00:15:35.000 When the Federal Reserve makes it more difficult to borrow money for banks, banks start giving it out at higher interest rates.
00:15:39.000 That means fewer people borrow, means less spending, and that means fewer jobs.
00:15:43.000 So now that you're trapped in this cycle, it's very difficult to get out of that cycle without some form of pain.
00:15:48.000 And that pain is coming.
00:15:50.000 Now, presumably Joe Biden would like to blame that pain, you would imagine, on the Federal Reserve, right?
00:15:55.000 At least he can't blame himself.
00:15:56.000 Oh, well, you know, the Federal Reserve, they're independent.
00:15:57.000 They're doing what they want.
00:15:58.000 They're just doing what...
00:15:59.000 Okay, but here's the bottom line.
00:16:01.000 The American people are going to hold him responsible because, again, this is his economy.
00:16:04.000 None of this was necessary.
00:16:05.000 It was not necessary.
00:16:07.000 This is not all supply chain problems.
00:16:09.000 This is a spending problem.
00:16:10.000 This is a problem, by the way, that is, to a certain extent, bipartisan.
00:16:13.000 We should not have blown $7 trillion into Americans' pockets last year.
00:16:17.000 It's something we should not have done.
00:16:18.000 But at least you could excuse that by saying there were no vaccines available, so we have to try and keep people away from crowded areas and whatnot.
00:16:25.000 By the time the vaccines were available, they were available in January.
00:16:28.000 Once that started to become widely available, February-March, there was no excuse for what Joe Biden did.
00:16:32.000 And we're going to get to the Federal Reserve and what they are probably going to do in just one second.
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00:17:45.000 So I think what's going to happen here is not that the Biden administration is going to back off of their garbage policy.
00:17:51.000 I think instead they're just going to hope that the Fed takes the hit.
00:17:54.000 But here's the thing.
00:17:55.000 The Fed is still widely perceived as Joe Biden's Fed.
00:17:59.000 As it should be.
00:18:00.000 The notion that the Federal Reserve is completely independent from the executive branch is crazy.
00:18:04.000 It has not been forever.
00:18:06.000 The Federal Reserve is not some independent group of people with the best interests of the American public at heart.
00:18:11.000 The Federal Reserve generally does what an administration wants it to do.
00:18:15.000 This is why, for example, Donald Trump used to try to leverage the Federal Reserve into lowering the interest rates.
00:18:20.000 He used to talk about, maybe we should go to zero interest rates, maybe we should go negative interest rates.
00:18:24.000 And the Federal Reserve, credibly enough, actually did go down on the interest rates while Trump was president.
00:18:30.000 Loose Federal Reserve monetary policy is a bad thing.
00:18:34.000 The Federal Reserve has not stuck to the sort of Milton Friedman notion that we should inflate the currency by a couple percent a year.
00:18:41.000 They've aimed for that, but they've generally failed because they're just not that good at this.
00:18:43.000 It turns out economists are not that great at being able to read the full hand of the market.
00:18:49.000 This is why I am not a believer in the Federal Reserve system, other than essentially guaranteeing bank deposits.
00:18:55.000 But put that aside, it's pretty clear at this point what the Biden administration wants to do, and that is make the Fed do the hard work.
00:19:02.000 Kevin Warsh, I'm writing over for the Wall Street Journal, former member of the Federal Reserve Board.
00:19:07.000 He writes about how this really is the Federal Reserve's fault.
00:19:10.000 He says inflation is a choice.
00:19:11.000 It's a choice for which the Fed is chiefly responsible.
00:19:14.000 The risk of an inflationary spiral arises when policymakers first dismiss the problem and then cast blame elsewhere.
00:19:19.000 Inflation becomes embedded in the price formation process when the central bank acts belatedly or with insufficient conviction.
00:19:24.000 To date, the Fed has acted as an enabler.
00:19:27.000 The sure sign of a problem when a president gives voice to the scourge of inflation and takes executive action well before the central bank acknowledges the severity of the situation.
00:19:36.000 Supply chain bottlenecks is the popularized rationalization for the surge in prices, but the supply chain story sheds more shade than light.
00:19:42.000 Consumer prices are higher because prices are rising at the point of production, assembly and transportation.
00:19:47.000 This is a description of the state of affairs, not its source.
00:19:50.000 The Fed's inertia in withdrawing extraordinary monetary policy amid full employment is the proximate cause of surging prices.
00:19:56.000 When monetary policy is too tight, it slows aggregate demand.
00:19:59.000 When monetary policy is too loose, it damages aggregate supply.
00:20:02.000 Extraordinarily aggressive monetary policy, namely quantitative easing, discourages investments in real assets like capital equipment relative to financial assets like stocks.
00:20:12.000 Because it takes a long time to see the beneficial net effect of buying a really expensive piece of equipment that upgrades your business, as opposed to just buying stock, which is running up in price.
00:20:21.000 That's why non-residential capital investment in the real economy, things like port modernization, is running 7% below the pre-pandemic trend and 25% below trend since the advent of quantitative easing.
00:20:31.000 A more exuberant stock market and a less resilient real economy are both consequences of the Fed's extant policy regime.
00:20:38.000 By August 2020, the Fed became impatient with the purported low inflation rate of Ben Bernanke and Janet Yellen.
00:20:44.000 Chairman Jerome Powell called low inflation the preeminent economic challenge of our time.
00:20:48.000 So the Fed bet on a new policy regime to get inflation higher.
00:20:51.000 It worked.
00:20:51.000 It's not the first time a central bank wanted a little more inflation and got a lot more.
00:20:55.000 Last year, in another break with precedent, the Fed loudly and explicitly endorsed a blowout in federal spending.
00:21:00.000 Congress swiftly agreed.
00:21:01.000 Federal spending increased from an average of about 21% of GDP in the prior decade to more than 30% of GDP in 2020 and 2021.
00:21:10.000 National debt relative to GDP went from 79% in 2019 to over 100% today.
00:21:16.000 And the Fed bankrolled that fiscal profligacy, purchasing more than half of the new Treasury debt issued in that year.
00:21:22.000 Call it monetary dominance.
00:21:24.000 None of this is a shock.
00:21:26.000 Again, the Federal Reserve participated in this inflationary run, and this is having already some pretty net negative effects.
00:21:34.000 Right now, we're stuck in a trap, okay?
00:21:35.000 Because here's the problem.
00:21:35.000 You raise the interest rates, and one of the things that happens is you've now raised the rates on the federal deficit.
00:21:41.000 If you're going to pay off the debt, it's now more expensive to pay off the debt.
00:21:46.000 And again, there are secondary effects to the Federal Reserve's monetary policy here.
00:21:49.000 According to the Wall Street Journal, this year's inflation surge has had a sometimes overlooked side effect.
00:21:54.000 It means the Federal Reserve's interest rate policy is providing even more fuel to a hot economy.
00:21:59.000 The Fed influencing borrowing costs by controlling a short-term lending rate called the federal funds rate to stimulate the economy has been holding that rate near zero since last year.
00:22:07.000 But in economic models, it's the inflation-adjusted or real interest rate that matters most because inflation reduces the value of future repayments.
00:22:15.000 Right?
00:22:15.000 Like if I buy a bond and then you're going to pay me off at a low interest rate in the future, if inflation eats the complete interest rate, I'm now paying you for the benefit of having the bond, which is really not what you're looking for.
00:22:28.000 So it's going to be difficult and painful to get out of this.
00:22:32.000 And meanwhile, you have the Biden administration continuing to push radical policy.
00:22:36.000 According to the Wall Street Journal, Janet Yellen is still pushing climate politics from the Treasury Department, which of course means more spending.
00:22:43.000 It means not following market forces.
00:22:47.000 Meanwhile, the Office of Comptroller of the Currency, an arm of the Treasury, plans to issue a framework of its expectations for how large banks should be managing climate risk, with detailed guidance to follow next year.
00:22:57.000 Again, all of this is not geared toward good monetary policy.
00:23:00.000 It's not geared toward good fiscal policy.
00:23:01.000 And Joe Biden is going to pay the price from this.
00:23:04.000 And then on top of that, of course, you have all of this, which has been excused by the government pointing to COVID.
00:23:10.000 But there's no excuse for that, as we'll get into in just one second.
00:23:12.000 First, let's talk about your sleep quality.
00:23:14.000 If you've been listening to the show for a while, you've probably heard me talk about my Helix Sleep mattress.
00:23:18.000 Helix Sleep is great.
00:23:19.000 But now, that's not the only place you sleep, right?
00:23:21.000 Or the only place you rest.
00:23:22.000 When it's time to chill out in the evenings, you're going to kick off your shoes, you're going to jump on that sofa.
00:23:26.000 Helix has gone beyond the bedroom.
00:23:28.000 They are now making sofas.
00:23:29.000 They just launched a new company.
00:23:30.000 It's called Allform.
00:23:31.000 They're making premium, customizable sofas and chairs shipped directly to your door.
00:23:35.000 So, what makes an all-form sofa really cool?
00:23:37.000 For starters, it's the easiest way you can customize a sofa using premium materials at a fraction of the cost of traditional stores.
00:23:42.000 You can pick your fabric.
00:23:43.000 It is spill-stain-scratch-resistant.
00:23:45.000 The sofa color, color of the leg, sofa size, and shape make sure it's perfect for you and your home.
00:23:48.000 They've got armchairs and loveseats all the way up to an eight-seat sectional, so there's something for everyone.
00:23:53.000 You can always start small and buy more seats later on if you want your all-form sofa to grow and change with you when you move.
00:23:58.000 All-form sofas are also delivered directly to your door.
00:24:00.000 In the past, if you wanted to order a sofa, you'd need to hire someone to come and assemble it in your home or break your back trying to put it together yourself.
00:24:06.000 All-form has simple, quick assembly.
00:24:08.000 No tools needed.
00:24:09.000 I've got an all-form sofa.
00:24:10.000 I've got the three-seat sofa with chaise in the sand color with espresso legs.
00:24:13.000 It is supremely comfortable.
00:24:15.000 And it's great looking.
00:24:16.000 It's super durable, which is great because my kids wreck everything.
00:24:18.000 If getting a sofa without trying it in store sounds risky, you don't need to worry.
00:24:21.000 You got 100 days to decide if you want to keep it.
00:24:22.000 More than three months.
00:24:23.000 If you don't love it, they'll pick it up for free, give you a full refund, makes a great Christmas present.
00:24:26.000 You have a forever warranty.
00:24:28.000 Allform is offering 20% off all orders for our listeners at allform.com slash Ben.
00:24:32.000 To find your perfect sofa, check out allform.com slash Ben.
00:24:36.000 All right.
00:24:36.000 Meanwhile, the Biden administration is trying to claim, of course, that all of this is because of COVID.
00:24:41.000 That if it weren't for COVID, everything would be fine.
00:24:43.000 Well, here's the thing.
00:24:44.000 COVID is the reason that the economy had a massive artificial coma last year.
00:24:50.000 Which means that if you just leave people alone, the economy will go back to normal.
00:24:54.000 But Democrats were not interested in that.
00:24:56.000 Again, it was not billed back to where we were.
00:24:58.000 It was build back better blah blah.
00:25:00.000 Build back better was a bunch of garbage.
00:25:02.000 You have no idea how to build an economy.
00:25:05.000 An economy rests on fundamental precepts about human nature.
00:25:08.000 A well-planned economy is an economy in which nothing is planned.
00:25:13.000 A well-planned economy, ironically enough, is an economy in which you understand that the disparate sources of knowledge outweigh any particular person's expertise.
00:25:22.000 So having one person at the top of the economy dictating how funds are to be spent is a complete waste of time and a waste of money.
00:25:28.000 It is a misallocation of resources.
00:25:30.000 Countries that have centralized economies learn this in all the areas where they actually have centralization.
00:25:36.000 This is why social welfare countries, like the Scandinavian countries, rely on a capitalistic framework in order to actually make the money.
00:25:43.000 Then they proceed to tax the money and blow the money.
00:25:45.000 But you have to have disparate sources of knowledge providing for economic progress and production in order to have a growing economy.
00:25:51.000 But Joe Biden wasn't interested in that.
00:25:53.000 He thinks the economy distributes resources unfairly because they should be distributed according to race or according to victimization status in the victim hierarchy or whatever.
00:26:04.000 Joe Biden believes that he is the great master of fairness, and so he has intervened in the economy in dramatic ways.
00:26:10.000 And he has done so on the basis of blaming COVID.
00:26:12.000 But here's the thing.
00:26:12.000 COVID is, for all intents and purposes, not a government issue anymore.
00:26:18.000 There's a new study, it came out over the weekend, cited by our friend Marty McCarry from Johns Hopkins University.
00:26:23.000 It was released by the European Center for Disease Prevention and Control.
00:26:27.000 And it found that there are confirmed cases of Omicron in now 23 countries.
00:26:33.000 How many of those cases have ended in hospitalization or death?
00:26:38.000 Zero.
00:26:38.000 The answer is zero.
00:26:39.000 Quote, all cases for which there is available information on severity were either asymptomatic or mild.
00:26:45.000 There have been no Omicron related deaths reported thus far.
00:26:49.000 As a friend texted me over the weekend, more people have been killed by Alec Baldwin than have been killed by Omicron at this point.
00:26:56.000 So Omicron is, in fact, it may be the solution to the pandemic.
00:27:00.000 If it's more infectious than Delta and it kills no one, that's a good thing.
00:27:04.000 That means everybody is gaining natural immunity with asymptomatic or mild infection.
00:27:08.000 So why are we panicking?
00:27:10.000 Well, we have to panic because the panic is baked into the cake.
00:27:12.000 Because again, at a certain point, this is no longer about protecting people.
00:27:15.000 At a certain point, that point came long ago, once we had the vaccines.
00:27:19.000 At a certain point, it's about control.
00:27:20.000 It's about maintaining a belief that centralized sources of knowledge are capable of fixing the world when that is just not true.
00:27:27.000 So over the weekend, CNN medical expert Jonathan Reiner calling for more measures with regard to COVID.
00:27:32.000 More measures with regard to COVID.
00:27:34.000 This is insane.
00:27:36.000 The Biden administration should mandate vaccines for air travel in the United States.
00:27:42.000 Vaccines are broadly popular in this country.
00:27:46.000 83% of adults have been vaccinated.
00:27:48.000 I can't think of another public policy measure in this country where you have 83% agreement.
00:27:53.000 So 17% of the United States essentially is blocking this notion of a broad vaccine mandate.
00:28:03.000 But unless we get more people vaccinated, this virus is not going to go away.
00:28:09.000 It's not going away anyway!
00:28:10.000 You all know it's not going away anyway.
00:28:12.000 It's endemic.
00:28:13.000 Every scientist says it's endemic.
00:28:15.000 But they're not even aiming for anything realistic at this point.
00:28:17.000 They're aiming for control.
00:28:19.000 You know what a federal vax mandate would do for flying?
00:28:21.000 You know what impact that would have on COVID?
00:28:24.000 Zero.
00:28:24.000 It would have zero impact.
00:28:25.000 You know why?
00:28:26.000 Because planes are not the chief vector of transmission.
00:28:29.000 In fact, staying in your home with your family is the chief vector of transmission.
00:28:32.000 If you get COVID, there's a good shot your spouse will get COVID and your kids will get COVID.
00:28:36.000 If you're on a plane, they've got HEPA filters.
00:28:39.000 Throughout the pandemic, I've been corresponding with heads of major airline industries and they've been providing me their data.
00:28:45.000 Airplanes were never a main vector of transmission.
00:28:47.000 In fact, I'm unaware that there are any cases in which a plane became a super spreader event.
00:28:52.000 Even though you are in a flying steel capsule in the sky that is filled with farts, even though that, you're still not going to get COVID flying in a plane compared to being in your own apartment or your own house with your family.
00:29:06.000 But they're still calling for more measures.
00:29:08.000 Why?
00:29:08.000 Because again, it's about blaming these other people.
00:29:10.000 Joe Biden on the economy wants to blame the Fed, even though it's his own policy that has led to the Fed doing what it's doing.
00:29:15.000 And were the Fed to raise interest rates rather dramatically right now, it would cut into the economic recovery.
00:29:21.000 And they know this.
00:29:22.000 It'll cut right into the unemployment numbers that Joe Biden is busy bragging about.
00:29:26.000 It'll cut into some of the stock market numbers that Joe Biden is busy bragging about.
00:29:30.000 And it will radically raise the price of all the debt that Joe Biden hopes to take in the future.
00:29:34.000 He's going to try and blame it on the Fed anyway.
00:29:36.000 But when it comes to COVID, they've got to blame somebody else.
00:29:38.000 They're blaming the 17% who are un-vaxxed.
00:29:40.000 Number one, we don't know how many of those people have already had COVID, which means they have natural immunity.
00:29:44.000 And number two, even if you're already vaccinated for COVID, you can get COVID.
00:29:48.000 I have friends to whom this has happened.
00:29:50.000 Many of them.
00:29:53.000 You can still pass COVID if you are vaccinated.
00:29:57.000 And yet they're still going to keep pushing.
00:29:58.000 Here's the NIH's Francis Collins saying, give yourself a Christmas present, get a booster.
00:30:01.000 Okay, unless you're over the age of 50, the data on getting a booster is pretty skimpy as far as lowering hospitalization and death.
00:30:08.000 Now, it may help you prevent in the short term, getting it in the same way that a flu vaccine might help you be prevented from getting a particular strain of the flu.
00:30:16.000 But it is not going to last forever because your antibodies wane over time.
00:30:21.000 Here is the NIH still pushing boosters, presumably for everybody.
00:30:25.000 When you look at the evidence that boosters do really give your immune system a chance to resist Delta and also very new data from the UK also resist Omicron.
00:30:36.000 Give yourself a Christmas present.
00:30:38.000 Go get a booster.
00:30:40.000 Get it this week.
00:30:40.000 Don't wait.
00:30:43.000 That sounds like a, that sounds, um, why are we, honestly, why are we focusing on boosters at the expense of the original vaccine?
00:30:49.000 The 17% who are unvaccinated are unvaccinated.
00:30:52.000 Everybody who's had two shots and is not particularly vulnerable, just like with the original COVID variant, those people are not in serious trouble.
00:31:00.000 Everybody who is over the age of 50, 65 maybe, particularly 65, you should think about getting a booster because apparently the effectiveness against hospitalization and death dropped from the 90s down into the 70s.
00:31:11.000 But again, you're talking about marginal decreases considering that a 70% reduction in hospitalization and death is still pretty good.
00:31:18.000 And beyond that, if you are young, you might get COVID.
00:31:20.000 You ain't gonna get hospitalized or die after you've been vaccinated.
00:31:23.000 That's what the stats show.
00:31:24.000 But they're still doing it.
00:31:25.000 And they're doing it with kids.
00:31:26.000 They're doing it with kids.
00:31:28.000 This is crazy.
00:31:29.000 In one second, we'll get to the continuing panic in Los Angeles with regard to school children, which is insane.
00:31:36.000 I have a close friend who Told me last week that he had COVID, and his wife had COVID, and then his baby had COVID.
00:31:44.000 And he got sick, and his wife got sick, and the baby had a runny nose.
00:31:48.000 You know why?
00:31:49.000 Because that's what's been happening the entire pandemic.
00:31:51.000 There are 73 million people in the United States below the age of 18.
00:31:55.000 And of those 73 million people, a grand total of somewhere between 10 and 20 healthy individuals have died from COVID.
00:32:04.000 And yet we're still supposed to panic.
00:32:05.000 We'll get to more.
00:32:06.000 The panic is the point.
00:32:07.000 And then Joe Biden wonders why his approval ratings are garbage.
00:32:09.000 Maybe it's because you made a promise and that promise cannot be fulfilled.
00:32:13.000 You promised you could fix the economy and you would change how economics works for everyone.
00:32:17.000 And it turns out all you did is just blow things up.
00:32:19.000 And you promised that you could get rid of COVID and you can't.
00:32:22.000 Now, listen, I'm not blaming you for not getting rid of COVID.
00:32:25.000 I'm blaming you for making a stupid promise, and you should be held to that stupid promise.
00:32:29.000 If I promise somebody that I'm literally going to buy the moon, and then I'm going to present the moon to them as a birthday gift, the big problem is not that I didn't present them the moon as a birthday gift.
00:32:39.000 The problem is that I'm an idiot for promising them the moon.
00:32:41.000 Joe Biden promised people impossible crap is what Democrats do routinely.
00:32:45.000 Some Republicans do it too.
00:32:46.000 We'll fix all your problems.
00:32:48.000 No, you won't.
00:32:49.000 No, you won't.
00:32:50.000 Because that's not the way life works.
00:32:51.000 We'll get to more of this in just one moment.
00:32:53.000 First, let's talk about the greatest gift of the holiday season.
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00:33:59.000 We're going to get into more from the COVID crazy left because it's getting worse and worse.
00:34:03.000 And again, it's not boding well for Joe Biden.
00:34:05.000 First, all over the country, people are waking up to the tyrannical nature of Joe Biden's vax mandates.
00:34:10.000 We here at the Daily Wire, we've been leading the charge from literally day one.
00:34:14.000 We said we were not going to comply and we sued the Biden administration.
00:34:16.000 We were the first in the nation to sue the Biden administration for their unconstitutional mandate.
00:34:20.000 We're getting closer to a million signatures on our do not comply petition every single day because people are realizing if we don't actively fight for freedom, the government will indeed take it.
00:34:30.000 The Biden-Vaxx mandates are falling down in court.
00:34:32.000 We are going to try and deal them the death blow with our lawsuit.
00:34:36.000 And the signatures that we get are demonstrating to the government that there are just too many Americans who are not going to comply for their nonsense mandates to actually effectuate.
00:34:44.000 We have a goal of reaching 1 million signatures, which would provide a major boost to our legal challenge.
00:34:48.000 We have over 800,000 signatures so far.
00:34:50.000 We need your help to cross the finish line.
00:34:52.000 Please sign the petition at dailywire.com slash do not comply, then share our petition with all your friends and family.
00:34:57.000 Let's send a message so loud the Biden administration cannot ignore us.
00:35:00.000 You're listening to the largest, fastest growing conservative podcast and radio show in the nation.
00:35:04.000 So the COVID panic being driven by the left is again, not rooted in any data at all.
00:35:13.000 And it's crazy.
00:35:14.000 It's crazy.
00:35:15.000 There were reports over the course of the last week from people like Michelle Goldberg, who's a left-wing columnist for the New York Times, that kids in New York City were being forced in public schools to sit on the floor separate from each other while eating lunch.
00:35:26.000 I don't know why sitting on the floor would prevent COVID.
00:35:29.000 I don't know the scientific rationale behind any of this.
00:35:31.000 But Jen Psaki over at the White House, she says that parents really do appreciate these increased restrictions.
00:35:36.000 Parents appreciate it.
00:35:38.000 Have you met a parent, Jen?
00:35:40.000 Like anytime in here, you could actually speak to some American parents and ask whether they think it's a great idea to incessantly mask their five-year-old children and force them to sit on the floor amidst the dirt in order to eat their food.
00:35:54.000 I will tell you, I have a three-year-old who goes to school, sits outside for snacks and lunch, wears a mask inside, and it's no big deal to him.
00:36:01.000 I'm not saying that's the case for everybody, but these are steps that schools are taking to keep kids safe.
00:36:06.000 And I think the vast majority of parents appreciate that.
00:36:11.000 Uh, no.
00:36:12.000 The vast majority of parents do not appreciate that.
00:36:14.000 At all, at all, at all.
00:36:15.000 Which is why you're seeing populations fleeing from the Northeast.
00:36:18.000 I can't tell you how many people I've talked to, even in the past couple of months, who are looking at the insanity that is breaking out in New York, New Jersey, Connecticut, when they're saying, I'm leaving.
00:36:26.000 I'm going to a free state where things aren't crazy.
00:36:29.000 And meanwhile in LA, hundreds of people are fired, online learning is set to return amid vaccine resistance at LAUSD.
00:36:36.000 So as a graduate of LAUSD, one of the worst school districts in America, I can safely say that this is a bad idea.
00:36:42.000 According to the Washington Post, the second largest school district in the United States is facing mounting woes over its COVID vaccine mandate, recently terminating hundreds of employees who refused to comply and failing to put thousands of unvaccinated students into online classes.
00:36:55.000 Board members of LAUSD voted Tuesday to terminate 496 employees who failed to get vaccinated ahead of the deadline.
00:37:02.000 We care deeply about all of our employees, said Interim Superintendent Megan Riley.
00:37:06.000 Parting ways with individuals who choose not to be vaccinated is an extremely difficult but necessary decision to ensure the safety of all in our school communities.
00:37:14.000 Really, why is it necessary?
00:37:15.000 Explain scientifically why it is necessary to fire people who have not complied with your vaccine mandate when we know that vaccinated people can pass COVID and we know that Obacron is coming, which is resistant in terms of vaccine transmission.
00:37:28.000 In addition, some 34,000 students are in violation of the requirements.
00:37:33.000 Per the district's vaccine policy, students 12 and older must be fully vaxxed by the start of the second semester in January.
00:37:39.000 Those who fail to do so will not be allowed on school campuses and will be referred to an online independent study program.
00:37:44.000 Which means, of course, that we are going to see some 35,000 kids just lost into the system.
00:37:49.000 Because, again, I'm not a fan of LUSD.
00:37:52.000 I think our public school systems are a giant failure.
00:37:56.000 You're now talking about kids who lost a full year of school last year and are going to lose another full year of school at a time when vaccines are not only widely available, but kids never suffered from this thing and the schools never should have been closed.
00:38:07.000 President Biden wants more people to do this.
00:38:09.000 He has called on state governors to impose COVID vaccine mandates for all teachers and staffers as school districts across the country have been requiring the shots in an effort to slow the virus's spread.
00:38:19.000 Such requirements are already established in Oregon, Puerto Rico, Washington State, and D.C.
00:38:24.000 In early September, L.A.
00:38:25.000 became the largest school district to take things a step further, requiring the vaccine for eligible students.
00:38:30.000 They're going to extend it probably downward in age.
00:38:32.000 If they're doing it for kids 12 and up, why not for kids 5 and up?
00:38:34.000 So they're going to completely brack L.A.
00:38:37.000 USD, which is, again, unintended consequences?
00:38:40.000 Do it.
00:38:40.000 Fine.
00:38:41.000 All the kids will end up in parochial school.
00:38:43.000 That's where kids will end up.
00:38:45.000 And you know what?
00:38:46.000 Good.
00:38:47.000 Because these public school systems suck.
00:38:49.000 They're terrible.
00:38:50.000 The only reason I'm angry about it is because there are a lot of parents out there who are paying a lot of tax money so their kids can go to public school.
00:38:56.000 And other kids can't even go to school because the morons in LAUSD have decided that your kid is at wild risk of COVID.
00:39:02.000 By the way, you see people on TV saying this kind of crap all the time.
00:39:05.000 You see commentators on TV, well, I have a three-year-old and I'm really afraid for my three-year-old.
00:39:09.000 Really?
00:39:09.000 Unless your three-year-old has a significant underlying condition, I have no idea why you would be afraid for your three-year-old.
00:39:14.000 I have a one-and-a-half-year-old.
00:39:15.000 I am not afraid for my one-and-a-half-year-old.
00:39:17.000 Not one iota of the time.
00:39:19.000 0% of the time am I afraid for my 20-month-old kid.
00:39:22.000 I'm not afraid for my 5-year-old.
00:39:24.000 I'm not afraid for my 7-year-old.
00:39:25.000 I'm not afraid for any of my kids when it comes to COVID.
00:39:27.000 You know why?
00:39:28.000 Because kids are not dying from COVID.
00:39:31.000 This lie that kids are in widespread fashion dying from COVID is insane.
00:39:35.000 Kids are dying from COVID in lower numbers than pretty much any other cause of death in the United States at this point.
00:39:41.000 And yet you're still going crazy because you got to maintain the lie.
00:39:44.000 You just got to maintain the lie.
00:39:46.000 And we can all see where it's going.
00:39:48.000 If you look abroad, you can see how crazy they've gone.
00:39:50.000 In Australia, they're rounding people up who are not vaccinated.
00:39:53.000 In Germany, there was tape that emerged over the weekend of the German police measuring the distances between people outside with folding rulers to make sure that you were a proper space away from people.
00:40:03.000 I mean, this video is insane!
00:40:05.000 They're literally walking around with sticks trying to measure the distance between individuals to ensure that you are far enough away from others.
00:40:12.000 Outside.
00:40:13.000 Have you seen the stadiums in the United States that are filled with people for college football and no transmission?
00:40:19.000 This is madness.
00:40:21.000 Americans are not into this.
00:40:22.000 And if you are into this, fine, stay in a blue state and enjoy yourself.
00:40:25.000 Well, maybe all of this has to do with Joe Biden's completely cratering approval ratings.
00:40:30.000 This guy entered office in the 50s.
00:40:33.000 He was given the gift of a vaccine that he did not develop.
00:40:36.000 There was a distribution plan that he did not develop.
00:40:38.000 He took advantage of that.
00:40:39.000 All he had to do was not be terrible at this.
00:40:42.000 It's incredible.
00:40:43.000 It really is in life.
00:40:44.000 It is incredible how much of being successful is just staying out of the way of success.
00:40:49.000 But people can't do it.
00:40:50.000 They got to get their grubby little hands in there.
00:40:52.000 And Joe Biden had to get his grubby little hands into the economy and into COVID policy.
00:40:55.000 He had to demonstrate that he was an important person and it made him feel important.
00:40:58.000 Well, guess what?
00:40:59.000 The American people are about to make him feel pretty damned unimportant in the midterm elections.
00:41:02.000 So Joe Biden decided he was going to go on with one of his late night sick events.
00:41:06.000 This one was Jimmy Fallon.
00:41:08.000 I remember a time when Jimmy Fallon used to be at least somewhat humorous and then Trump broke his brain.
00:41:11.000 And all you've got now is sort of the How much do you pay attention to approval ratings?
00:41:16.000 Colbert knockoff interviews.
00:41:16.000 Well, not anymore.
00:41:18.000 So here he was with Joe Biden doing an interview and and sucking up to him.
00:41:22.000 It was not good, guys.
00:41:24.000 How much do you pay attention to approval ratings?
00:41:27.000 Well, not anymore.
00:41:29.000 You can always my favorite thing about politicians is their tells.
00:41:43.000 They're really fun.
00:41:44.000 So you've got Kamala Harris' tell is the actual crazy laugh.
00:41:46.000 Joe Biden's tell is that after he thinks that he told a joke, he wipes his eye like this.
00:41:51.000 It's a thing that you watch for it.
00:41:52.000 It's kind of fun.
00:41:53.000 Okay.
00:41:54.000 And Jimmy Fallon's tell is that he has one of the worst fake laughs in the industry.
00:41:59.000 It's a real, I mean, it's like Kamala Harris level fake laugh.
00:42:02.000 Yeah, but it didn't stop there.
00:42:03.000 Then you had Jimmy Fallon.
00:42:04.000 Again, they're trying to prop up this old man because they got nothing, nothing.
00:42:08.000 So here's Jimmy Fallon praising Joe Biden for no reason anyone can discern.
00:42:13.000 A lot of Republicans and Democrats used to get really on well together.
00:42:16.000 For example, one of the reasons I'm a little bit late coming on is because, not coming on, but to do the taping here, is because I did Bob Dole's eulogy today.
00:42:26.000 He asked me in his deathbed whether I would do his eulogy.
00:42:29.000 We're friends.
00:42:30.000 We disagree, but we're friends.
00:42:32.000 We gave you a standing ovation because I go, here he is, he's bringing class back.
00:42:36.000 He's a classy guy, and you're bringing class back to the office, and I thought it was amazing that you did that.
00:42:43.000 It's so much class being brought back to the office.
00:42:46.000 By the way, in the same interview, Joe Biden started ripping on Republicans and on his political opponents as anti-vax crazies and suggesting that everything that's going on is their fault.
00:42:55.000 So much class.
00:42:56.000 So much class from Joe Biden.
00:42:59.000 Guess what?
00:42:59.000 The American people are not falling for this.
00:43:01.000 They don't buy it.
00:43:02.000 And here's the problem for Democrats.
00:43:03.000 They got nothing behind Joe Biden.
00:43:05.000 He's the only thing standing between them and complete collapse.
00:43:09.000 Kamala Harris is a disaster area.
00:43:11.000 And now her team is fighting back by saying that everyone who points this out is a racist or sexist.
00:43:14.000 Good luck with that particular line of argumentation.
00:43:17.000 According to the New York Times, addressing reporters at a meeting of the Democratic Governors Association, Governor Roy Cooper of North Carolina gave an emphatic answer when asked whether he expected Joe Biden to seek a second term and whether he believed that was in the best interest of his party.
00:43:28.000 I do and I do, said Cooper.
00:43:30.000 I fully expect him to seek reelection and I will support him.
00:43:32.000 In fact, we're going to win North Carolina for him.
00:43:34.000 But three minutes later, Cooper was sketching out what could be the makings of a Cooper for president primary message.
00:43:40.000 He trumpeted his repeal of the state's so-called bathroom bill targeting transgender people, an executive order granting paid parental leave to state employees, another order putting North Carolina on a path to carbon neutrality by 2050.
00:43:51.000 Publicly, Cooper and other Democrats are focused on what will be a difficult 2022.
00:43:55.000 However, it's 2024 that's increasingly on the minds of a long roster of ambitious Democrats and their advisors.
00:44:02.000 No one is interested in Kamala Harris.
00:44:04.000 She's a giant failure.
00:44:05.000 Pete Buttigieg is a complete nothing bag.
00:44:08.000 Senator Elizabeth Warren is 8,000 years old and blew it last time.
00:44:12.000 Amy Klobuchar has no juice.
00:44:16.000 Their bench is so weak.
00:44:18.000 It's so insanely weak.
00:44:20.000 And many of the people who theoretically might be better for them, you know, the moderates who might replace Joe Biden, people like Mitch Landrieu, former mayor of New Orleans.
00:44:28.000 That dog is not going to hunt in a radicalized Democratic Party.
00:44:33.000 So good luck guys. I mean, by the way, how bad are things for Harris? Jen Psaki was asked if Kamala Harris, who was, you remember, put in charge of Mexico policy, our border policy with Mexico, if she had ever been in contact with Mexico, ever. And Psaki was like, uh, no, I don't know.
00:44:47.000 Is the administration reaching out to Mexico, to partners in Central America this morning?
00:44:54.000 Does this cause for a certain re-evaluation of the strategy to deter migration?
00:44:59.000 It would really come through the Department of Homeland Security, that kind of outreach.
00:45:02.000 So I would point you to them for any more detail about a connection with the Mexican government.
00:45:08.000 Yeah, so we have no idea.
00:45:10.000 We have no idea whether there's been any contact with the Mexican government at all at the White House level.
00:45:14.000 So really, really solid stuff.
00:45:17.000 Again, the thing is this, the national policy the Democrats are pursuing, it's not that that national policy has created these crises all over the United States.
00:45:25.000 On a broad level, it's facilitated them.
00:45:27.000 But we don't have these crises down in Florida, right?
00:45:28.000 We don't have an economic crisis down in Florida.
00:45:30.000 We don't have a COVID crisis down in Florida.
00:45:32.000 Things are going pretty well down here.
00:45:33.000 We've got inflation.
00:45:34.000 Inflation is a national phenomenon.
00:45:35.000 It's not a regional phenomenon.
00:45:37.000 But a lot of the problems that the Democrats have created are local in nature.
00:45:40.000 The problem is that we can all see that the bad Democratic policy at the local level bled up to the national level, and then the Democrats at the national level attempt to impose it broadly.
00:45:50.000 So, for example, we now see the murder rates skyrocketing in major cities all over the United States.
00:45:55.000 Now, we don't live in a major city in the United States where we live.
00:46:00.000 We live in South Florida, but we're not living inside a major city.
00:46:02.000 We're not living in a major blue area, which means that we're not feeling the impact of this.
00:46:06.000 But when you turn on the news and you see a radical uptick in crime nearly everywhere that blue government predominates, you start to think maybe these people shouldn't be in charge of government policy.
00:46:17.000 By the way, how bad are things in Los Angeles, where I used to live?
00:46:19.000 Things are so bad in Los Angeles that the LAPD is warning people to stay away.
00:46:24.000 That's how bad things have become in Los Angeles, according to CBS News.
00:46:29.000 Murder rates continue to soar nationwide.
00:46:32.000 Portland, Oregon is grappling with a record number.
00:46:35.000 Austin, Louisville, and Rochester have all seen homicides more than double in just a couple years.
00:46:41.000 With violent crime rising in Los Angeles, the head of the police union warns, if you can, stay away.
00:46:48.000 We can't guarantee your safety.
00:46:50.000 It is really, really out of control.
00:46:53.000 We cannot guarantee your safety in Los Angeles?
00:46:57.000 My family and I escaped Los Angeles, and we've been telling people since, get the hell out.
00:47:00.000 That place is gone.
00:47:02.000 Is that the kind of government anybody wants nationally?
00:47:05.000 I have serious doubts.
00:47:07.000 So, Democrats have a choice.
00:47:08.000 They can either continue to pursue the policies they like, to their own political detriment, and turn themselves into a joke, or they can abandon that stuff.
00:47:16.000 I will give you one guess as to which way they're going to turn.
00:47:20.000 All righty, we will be back here later today with an additional hour of content.
00:47:23.000 First, let me remind you, you need to go sign our Do Not Comply petition.
00:47:26.000 We have close to 850,000 signatures on it.
00:47:29.000 Head on over to dailywire.com slash do not comply.
00:47:32.000 In the meantime, go check out The Michael Moll Show.
00:47:34.000 That's available right now.
00:47:35.000 I'm Ben Shapiro.
00:47:35.000 This is The Ben Shapiro Show.
00:47:36.000 ♪♪ The Ben Shapiro Show is produced by Elliot Feld.
00:47:44.000 Executive producer, Jeremy Boring.
00:47:46.000 Our supervising producer is Mathis Glover.
00:47:48.000 Production manager, Pavel Lydowsky.
00:47:50.000 Associate producer, Bradford Carrington.
00:47:52.000 Host producer, Justin Barber.
00:47:54.000 The show is edited by Adam Sievitz.
00:47:56.000 Audio is mixed by Mike Koromina.
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00:48:00.000 Production assistant, Jessica Kranz.
00:48:02.000 The Ben Shapiro Show is a Daily Wire production.
00:48:04.000 Copyright, Daily Wire 2021.
00:48:07.000 Dr. Fauci says that your unvaxxed kids might die.
00:48:10.000 Kamala Harris says that women in post-Roe America will die.
00:48:14.000 And Jussie Smollett is going to jail for pretending that he almost died.