The Ben Shapiro Show - August 02, 2022


Will Nancy Pelosi Spark World War III? | Ep. 1547


Episode Stats

Length

49 minutes

Words per Minute

212.11096

Word Count

10,450

Sentence Count

657

Misogynist Sentences

2

Hate Speech Sentences

24


Summary

Ben Shapiro reacts to the news that al Qaeda leader Ayman al-Zawahiri was killed in a U.S. drone strike in Afghanistan. He also talks about how the Chinese are getting closer to our borders, and why Beyonc should have changed her lyrics to protest the political correctness of some lyrics. Ben Shapiro is the host of The Ben Shapiro Show on Fox News Radio and host of the conservative podcast The Weekly Standard and is a regular contributor to the New York Times, CNN, CBS, NBC, and other media outlets. He is also a frequent contributor to The Daily Wire and the Weekly Standard, and is one of the most influential people in the conservative media. Subscribe to Ben Shapiro's new book, "The Devil Next Door," out now. It's available in Kindle, iBook, Paperback, Hardcover, and Audio Book format. If you don't already have a Kindle device, you can get a free eReader edition of the book for free on amazon.co.uk for just $19.99. Kindle $9.99, or buy it for 99.99 at amazon for $99.99 for a year, including shipping and handling fees, free shipping, and a limited edition hardcover edition for $29.99 plus shipping at $99, plus free shipping on most other third-party shipping worldwide, including Apple and Vimeo worldwide. The Kindle Fire, Audible, and Audible.com for Kindle Fire HDX, Firesticks, Firecracker, Firestone, and Kindle, for which you get an additional 49 pages for free. .99, and also includes an Audible Firesticks and iBook for 49 bucks. $99 gets you an extra copy of the Firestone Firestone 49ers 4GBs, $49.99 and Kindle 49ers for 49ers 49ers and Kindle Fire 4,99, $99 Plusons 4 GBs, and $49 Plusons 3, plus Audible 4GB for 4GB, and the Audible 3R3 Pro, 4GB 4GBR4 Pro, and 4Q Pro, for $49, and Caffiano 4S3 Prostor 4S4S3S3R4S4R3R3S4C3S2S3C3R2R3C1A3S1A, and Aptiv 4S2C1B3R1S3A3A, for shipping and P&S 3S4A, plus shipping & P&R for shipping & shipping.


Transcript

00:00:00.000 Nancy Pelosi prepares to visit Taiwan as the Chinese threaten, the military kills Ayman al-Zawahiri with a drone strike, and Beyoncé is forced to change her lyrics thanks to political correctness.
00:00:09.000 I'm Ben Shapiro.
00:00:10.000 This is the Ben Shapiro Show.
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00:00:26.000 Slash Ben.
00:00:26.000 We'll get to all the news in just one moment.
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00:01:26.000 Well, the breaking news of the day is that an American drone strike has now killed Ayman al-Zawahiri.
00:01:31.000 You may remember Ayman al-Zawahiri from such hits as 9-11 and the bombing of the Tanzania and Kenya embassies.
00:01:38.000 Well, he was a key plotter.
00:01:39.000 On September 11th, he took over for Osama bin Laden after Osama bin Laden's untimely demise at the hands of the United States Navy SEALs.
00:01:46.000 While President Biden announced on Monday night That Zawahiri had been killed and he was very triumphal about it and understandable.
00:01:53.000 I mean, the fact is that it's a very good thing for the United States when a high-ranking terrorist in Al Qaeda is indeed killed.
00:01:58.000 He was killed by drone strike in the heart of downtown Kabul over the weekend.
00:02:02.000 There's a 21-year manhunt for him.
00:02:05.000 Apparently, he was responsible more than anyone except for bin Laden for September 11th.
00:02:10.000 Biden gave a seven-minute nationally televised address from the White House.
00:02:13.000 Here's what it sounded like.
00:02:15.000 The United States successfully concluded an airstrike in Kabul, Afghanistan, that killed the Emir of Al-Qaeda, Ayman al-Zawahiri.
00:02:25.000 You know, Zawahiri was bin Laden's leader.
00:02:29.000 He was with him all the whole time.
00:02:31.000 He was his number two man and his deputy at the time the terrorists attacked 9-11.
00:02:34.000 He was deeply involved in the planning of 9-11.
00:02:40.000 Well, Joe Biden is very reliant on this particular story to shield him from criticism over Afghanistan.
00:02:53.000 You'll notice that one of the things that he is focused very in on is the idea that No matter that the United States actually does not have assets on the ground in Afghanistan, somehow we'll still be able to combat the terror threat in Afghanistan.
00:03:03.000 According to the New York Times, American intelligence agencies tracked down al-Zawahiri in Kabul earlier this year and spent months determining it really was him hiding out in a house in a crowded section of the Afghan capital.
00:03:13.000 By hiding out, we mean kinda living in the open, apparently.
00:03:17.000 A reminder, by the way, that the American military is unbelievably good at its job.
00:03:20.000 to help fire missiles and killed Oswald Wachry on a balcony of the house without killing anyone else, including members of his family or any nearby civilians, according to American officials.
00:03:27.000 A reminder, by the way, that the American military is unbelievably good at its job.
00:03:31.000 That when the American military decides to take you out, they will take you out without killing anyone else while you stand on a balcony at 618 in the morning.
00:03:39.000 That is pretty impressive stuff there from the American military.
00:03:41.000 It's also a reminder that when you watch the sort of carnage that you're seeing in Ukraine, for example, the reason is that the Russian military is supremely unsophisticated by American military standards.
00:03:50.000 America's wars are, by contrast to wars by less sophisticated military nations like Russia, extraordinarily clean.
00:03:57.000 The death of one of America's most vocal enemies, according to the New York Times, after a long and maddening search, was a major victory for Biden at a time of domestic political trouble.
00:04:06.000 But, and here's the big but, it raised an immediate question about the terrorist leader's presence in Afghanistan a year after Biden withdrew all American forces, clearing the way for the Taliban to recapture control of the country.
00:04:16.000 Al-Zawahiri moved back to Afghanistan earlier this year, evidently believing that he would be safe there, according to officials.
00:04:22.000 So one of the premises of America moving out of Afghanistan was one, the Afghan military would not actually collapse, which of course it promptly did.
00:04:30.000 And two, Joe Biden said repeatedly that al Qaeda had been routed from Afghanistan and would not come back.
00:04:35.000 This was always extraordinarily doubtful, given the fact that I believe the second-ranking member of the Taliban was a man who is responsible for the so-called Haqqani Network, which is an offshoot of Al-Qaeda.
00:04:45.000 The Taliban is, in fact, a terror-associated radical Muslim extremist group.
00:04:50.000 And Joe Biden handed over control of the country to these 8th century barbarians for no reason other than his own arrogance and stupidity.
00:04:57.000 At the time, Joe Biden said, as he withdrew, as the United States withdrew in ignominious defeat in Afghanistan, as Joe Biden suggested that the Afghan military would not collapse, as he suggested that there would be no evacuation from the top of the U.S.
00:05:09.000 embassy.
00:05:10.000 Instead, it was actually from an airfield where Afghans were clinging to wheel wells of jets.
00:05:14.000 You remember all of this?
00:05:15.000 Where 13 American service members were murdered by terrorists in an attack that may have well been coordinated with the Taliban in advance.
00:05:24.000 You remember all this, right?
00:05:24.000 This didn't happen that long ago.
00:05:25.000 It happened about a year ago.
00:05:27.000 At the time, Joe Biden came out and he said, well, the reason we're doing this is because we achieved our objectives in Afghanistan.
00:05:32.000 One, we got bin Laden, and two, we were able to root out al-Qaeda in Afghanistan, and so the terror threat is done.
00:05:38.000 Well, if the terror threat is done, then why is the active leader of al-Qaeda living directly in the capital of Taliban-controlled Afghanistan?
00:05:46.000 Why?
00:05:47.000 We were told the Taliban were going to be our big cooperators, right?
00:05:49.000 They were going to help us now.
00:05:50.000 They were our new friends.
00:05:52.000 Joe Biden said so.
00:05:53.000 Well, if they are our new friends, then why exactly is it that this guy was droned in a house that was likely owned by a senior person in the Taliban government?
00:06:02.000 It turns out that everything that Biden's critics said was correct, and the fact that our military is really good at what it does is not a justification for really bad international policy.
00:06:12.000 Droning an Al Qaeda leader every once in a while is not going to be the end of the story with regard to terrorism.
00:06:17.000 And the notion that it takes us six months to figure out that Zawahiri is actually in Kabul when five minutes ago Kabul was controlled by an allied to America government is pretty astonishing.
00:06:30.000 It really is an amazing thing.
00:06:32.000 Here is Biden circa July of 2021 talking about how Al Qaeda had been routed from Afghanistan.
00:06:40.000 The United States did what we want to do in Afghanistan, to get the terrorists who attacked us on 9-11 and deliver justice to Osama bin Laden, and to degrade the terrorist threat to keep Afghanistan from becoming a base from which attacks could be continued against the United States.
00:06:59.000 We achieved those objectives.
00:07:02.000 That's why we went.
00:07:04.000 So much of Biden's policy is built on the idea that everything will be fine when we withdraw from some of the worst areas of the world.
00:07:12.000 And that, of course, is not true.
00:07:14.000 An American official, according to the New York Times, called al-Zawahiri's presence a clear violation of the agreement with the Taliban, but it was not evident what action, if any, Biden would take against the Taliban as a result.
00:07:22.000 The answer is none.
00:07:23.000 Biden is just going to declare victory, and then he is going to continue to ignore the fact that the Taliban run the country as al-Qaeda grows in power.
00:07:29.000 In his short address delivered on a White House balcony with monuments behind him, the president vowed not to permit another sanctuary for terrorism.
00:07:36.000 And here he is talking about how he's not going to allow Afghanistan to become a terrorist safe haven.
00:07:41.000 And I made a promise to the American people that we continue to conduct effective counterterrorism operations in Afghanistan and beyond.
00:07:50.000 We've done just that.
00:07:52.000 In February, our forces conducted a daring mission in Syria that eliminated the Emir of ISIS.
00:07:58.000 Last month, We took out another key ISIS leader.
00:08:02.000 Now we have eliminated the Emir of Al-Qaeda.
00:08:06.000 He will never again, never again, allow Afghanistan to become a terrorist safe haven because he is gone and we're gonna make sure that nothing else happens.
00:08:17.000 And none of that is true.
00:08:19.000 None of that is true.
00:08:20.000 Not only have you allowed this to become a terrorist safe haven, an occasional drone strike does not alleviate the problem.
00:08:27.000 Representative Michael McCaul of Texas on the House Foreign Affairs Committee correctly said that the strike serves as a reminder to the American people that they were lied to by President Biden.
00:08:34.000 Al Qaeda's not gone from Afghanistan, as Biden falsely claimed a year ago.
00:08:40.000 Often seen sitting by bin Laden's side with his gray beard and fierce skeleton, Al-Zarraqi, 71, never achieved the same global notoriety as the terrorist mastermind, but was widely considered the intellectual force behind Al Qaeda.
00:08:51.000 The CIA missiles hit the house in Kabul's Sherpur area, a wealthy downtown enclave within what is considered the city's diplomatic quarters, which once housed dozens of Western embassies and now is home to some high-ranking Taliban officials.
00:09:01.000 So basically, this guy was just hanging out with, like, the top leaders of the Taliban government, and it took us six months to find out and to drone him.
00:09:07.000 So clearly things are going incredibly well.
00:09:09.000 The strike took place at 9.48 p.m.
00:09:10.000 on Saturday East Coast time, or 6.18 on Sunday in Kabul time.
00:09:15.000 After the strike, members of the Haqqani Network, a terrorist group that is part of the Taliban government, tried to conceal that Zawahiri had ever been at the house and restrict access to the site, according to a senior administration official.
00:09:24.000 But the official said the U.S.
00:09:25.000 had multiple intelligence threads confirming that Zawahiri was killed in the strike.
00:09:29.000 The Taliban repeatedly have said that they are adhering to the Doha Agreement, not allowing Afghanistan to become a base for attacks on other countries.
00:09:34.000 But analysts and experts have warned that terrorist groups like al-Qaeda and Tariq-e-Taliban Pakistan, or the Pakistani Taliban, have found refuge in the country since the takeover.
00:09:43.000 That, of course, is absolutely obvious.
00:09:45.000 I mean, this is the equivalent for these purposes.
00:09:50.000 Osama bin Laden shows up not in some backward part of Afghanistan, but Osama bin Laden shows up directly in Kabul, okay?
00:09:58.000 Because, effectively, this guy was bin Laden.
00:10:01.000 So, showing up directly in Kabul would be a pretty good indicator that maybe al-Qaida's back in the country now.
00:10:06.000 Pakistani officials have warned that cross-border attacks launched by the Pakistani Taliban from Afghanistan surged after the Western-backed government in Afghanistan collapsed.
00:10:14.000 Between last August and the end of April, the Pakistani Taliban carried out 82 attacks in Pakistan, more than double the number over the same period the previous year.
00:10:21.000 And this spring, a UN report warned al-Qaeda had found increased freedom of action in Afghanistan since the Taliban seized power.
00:10:26.000 Again, you have to be willfully blind to pretend that the United States, with no boots on the ground in Afghanistan, is going to have similar control over terrorist areas in Afghanistan As we did a year and a half ago.
00:10:37.000 It's just not true.
00:10:39.000 That UN report noted a number of al-Qaeda leaders were possibly living in Kabul, and the uptick in public statements by al-Zawahiri suggested he was able to lead more effectively after the Taliban seized power.
00:10:49.000 Al-Zawahiri was thought to have been living in Pakistan for long periods of time.
00:10:53.000 But again, apparently, earlier this year, American intelligence sources learned that al-Zawahiri's wife, daughter, and grandchildren had relocated to a house directly in Kabul.
00:11:01.000 A senior administration official told reporters the official said the family had exercised long-standing terrorist tradecraft that was intended to prevent anyone from following them.
00:11:08.000 Still, American intelligence agencies grew increasingly confident al-Zawahiri was at the house as well.
00:11:13.000 Intelligence officials used different sources and methods to build a so-called pattern of life that confirmed his presence.
00:11:18.000 Once al-Zawahiri arrived at the location, American officials were never aware of him leaving.
00:11:22.000 He was observed for sustained periods on the balcony where he was ultimately struck.
00:11:26.000 So Joe Biden is being very triumphal about all of this, but what it actually demonstrates is that everything he said about the pullout from Afghanistan was a lie.
00:11:33.000 That is truly the message here.
00:11:35.000 It is not that the United States can strike whenever and wherever it pleases.
00:11:38.000 It means that we can pull off a sort of spectacular one-off strike like this.
00:11:42.000 But it does not mean that the United States has any sort of control over this territory in terms of Al Qaeda.
00:11:47.000 When the leader of Al Qaeda shows up directly in the place Joe Biden said he would not be, because remember, the Afghan military was never supposed to collapse.
00:11:53.000 And number two, when it did collapse, the Taliban were supposed to be our friends working with us.
00:11:56.000 And now it turns out this guy was basically hobnobbing with the leaders of the Taliban government Joe Biden surrendered to.
00:12:02.000 The fact that we killed Osama bin Laden is a wonderful thing for the United States.
00:12:05.000 It also happens to be a band-aid over a gaping flesh wound that exists in Afghanistan at this point.
00:12:10.000 And that is entirely the fault of Joe Biden, the President of the United States.
00:12:14.000 So the media are going to try and again, paint this as some sort of major victory for Joe Biden.
00:12:19.000 It's a major victory for the U.S.
00:12:19.000 military.
00:12:22.000 I've always been very skeptical of the idea that, for example, the killing of Osama bin Laden was a quote-unquote gutsy call.
00:12:27.000 It is maybe the most obvious call in American foreign policy history.
00:12:30.000 You have the guy who literally murdered 3,000 American citizens on 9-11.
00:12:34.000 You have to send in some SEALs to kill him.
00:12:36.000 And Barack Obama delayed for four days about making the call, but...
00:12:40.000 The people who really deserve the credit here, not Joe Biden, the people who deserve the credit are the CIA, the American military, the people doing the on-the-ground work to make sure that we can take out terrorists like this, but to pretend that this is a justification of America's quote-unquote over-the-horizon capacity, which is what Joe Biden and company always talked about, Ben Rhodes always talked about, the former national security advisor for Barack Obama, that suddenly we can strike anywhere at any time.
00:13:01.000 Well, it took us six months to find this guy, and he was living directly in the middle of Kabul.
00:13:07.000 And his allies are in the Taliban government, like, right now.
00:13:11.000 So just another... It's a victory for the United States that underscores a major loss for the United States.
00:13:17.000 It is, shall we say, a temporary reprieve from the realities of everyday foreign policy in which this administration routinely surrenders to America's enemies.
00:13:25.000 Well, it is certainly good news that Ayman al-Zawahiri is dead.
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00:14:44.000 Now, meanwhile, chaos is breaking out over Nancy Pelosi's visit to Taiwan.
00:14:48.000 According to the Wall Street Journal, Nancy Pelosi says that she is going to visit Taiwan and meet with government officials this week to find warnings from Beijing not to do so and setting up the potential for increased tensions between the United States and China.
00:15:00.000 People that Pelosi is planning to see in Taiwan have been informed of her imminent arrival.
00:15:03.000 A person familiar with the matter said, though some details remain in flux, some meetings are scheduled for Tuesday evening, most are set for Wednesday, the person said, indicating they include Taiwanese government officials.
00:15:12.000 She's definitely coming, the person said.
00:15:14.000 The only variable is whether she spends the night in Taipei.
00:15:17.000 A visit by Pelosi would make her the first House speaker to do so in 25 years and put her in the center of a long-standing flashpoint in U.S.-China relations, U.S.
00:15:24.000 support for Taiwan.
00:15:26.000 A now democratically governed island, which Beijing claims as Chinese territory.
00:15:29.000 Joe Biden has, I believe twice already during his presidency, suggested that he supports an independent Taiwan and his defense department and state department had to rush out and say, Hey, no, no, no, no, guys, guys, no, no, no.
00:15:39.000 We still hold by the one China policy.
00:15:41.000 Taiwan is still theoretically a part of China, but it's two different governances.
00:15:46.000 So Joe Biden has been muddying the waters.
00:15:48.000 One of the things you cannot do in international relations is muddy the waters.
00:15:50.000 You have to have some very clear lines about what it is you believe and what you are willing to do because nearly all serious conflict begins with a misperception of strength or weakness on the other side.
00:16:00.000 Virtually all this is true of Ukraine.
00:16:02.000 It is true of what's happening right now in China.
00:16:05.000 It was true of the Gulf War.
00:16:07.000 Misperceptions are generally what lead to war.
00:16:09.000 Clarity is what leads to not war.
00:16:11.000 The Cold War had an extraordinary amount of clarity between the United States and the USSR, which meant that you could be in a Cold War for literally half a century.
00:16:18.000 Because both sides knew, if you violate this line, there will be a nuclear exchange and we both will be gone.
00:16:23.000 Well, the truth is that the United States is being extraordinarily unclear about what exactly it believes about Taiwan.
00:16:29.000 Joe Biden says things that I think are correct about Taiwanese independence, but he doesn't actually have the stones to back it up in terms of strengthening America's economy, strengthening our military.
00:16:37.000 He's not willing to do any of those things.
00:16:39.000 And so you almost have the worst of both scenarios.
00:16:42.000 And I'm actually very supportive of the idea that top American officials should be able to visit Taiwan whenever they want.
00:16:47.000 China should not be dictating to the United States or any other democratic country their relations with a democratic country in Taiwan.
00:16:53.000 Taiwan is de facto, and has been since 1949, an independent country.
00:16:58.000 When Mao failed to take Taiwan and Chiang Kai-shek fled to Taiwan, and Taiwan was governed as an independent country, it was an independent country.
00:17:05.000 And the fact is that the West has made enormous mistakes over the course of the past 30 years in pretending that China has anything but predatory intentions with regard to surrounding enclaves of freedom.
00:17:16.000 Hong Kong should be an excellent example of why you should not trust the Chinese to allow, quote unquote, two systems within it.
00:17:23.000 And while China is sounding off a lot about this thing, China conducted live fire exercises in the South China Sea and off the coast of mainland opposite Taiwan in recent days, according to Chinese state media, A Chinese foreign ministry spokesman renewed a warning Monday that the People's Liberation Army will not sit idly by if Pelosi makes the visit.
00:17:41.000 He didn't elaborate on what actions China might take.
00:17:44.000 The chances, by the way, that China are gonna like actually shoot down Pelosi's plane or something and prompt an actual exchange of live fire with American military jets.
00:17:52.000 I think that that is...
00:17:54.000 Shall we say, extraordinarily overblown.
00:17:56.000 I do not think that that is going to happen.
00:17:57.000 I don't think the Chinese are stupid enough to provoke an actual live-fire confrontation with America's military power.
00:18:02.000 It would just be too damaging for them.
00:18:04.000 I think what instead you will see is increased actions directed against Taiwan, not particularly against Pelosi.
00:18:10.000 The potential for trouble prompted the White House on Monday to try to reign in tensions, with officials reiterating a visit by Pelosi doesn't break precedent and that U.S.
00:18:16.000 policy has not changed.
00:18:19.000 So the White House is sort of trying to downplay Pelosi's visit as though it is not particularly important.
00:18:26.000 They're trotting out John Kirby, the National Security Council coordinator for strategic communications, to talk about this, saying, well, we don't even understand why this is a big deal.
00:18:34.000 Here is John Kirby saying that, you know, maybe China should welcome this.
00:18:37.000 Do you think it's an unnecessarily provocative move?
00:18:41.000 For the Speaker to go to Taiwan?
00:18:43.000 No, it wouldn't be.
00:18:44.000 I mean, if anything, and I heard what you were saying before here, Joe, if anything, you would think the Chinese would welcome it, because it shows consistency.
00:18:52.000 It shows that nothing has changed about America's One China policy adherence.
00:18:58.000 It shows that nothing has changed about our obligations under the Taiwan Relations Act to help with Taiwan's self-defense.
00:19:05.000 So it shows consistency.
00:19:07.000 We have had congressional leaders go in the past, including a Speaker of the House, There is nothing unusual about this and it's quite frankly disconcerting that the Chinese might use this as some sort of pretext to actually increase the tensions.
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00:20:33.000 There's a reason that China is increasing the tensions, and that, of course, is to distract from their failures at home.
00:20:38.000 Xi Jinping is trying to consolidate power, and he is also viewing the United States as a weak horse.
00:20:44.000 And so now is the time for him to ratchet up tensions and try to back the United States off of Taiwan.
00:20:49.000 Kirby continued along these lines, basically begging China not to be angry.
00:20:53.000 Here is John Kirby from the National Security Council.
00:20:56.000 Has the White House heard of any specific threats from China when it comes to this visit?
00:21:01.000 There's no reason for the Chinese rhetoric.
00:21:04.000 There's no reason for any actions to be taken.
00:21:07.000 It is not uncommon for congressional leaders to travel to Taiwan.
00:21:11.000 It is very much in keeping with our policy and consistent with our support to Taiwan under the Taiwan Relations Act.
00:21:18.000 We shouldn't be, as a country, we shouldn't be intimidated by that rhetoric or those potential actions.
00:21:23.000 This is an important trip for the Speaker to be on and we're going to do whatever we can to support her.
00:21:27.000 So I actually agree with John Kirby here.
00:21:30.000 A shocker.
00:21:31.000 I actually agree with the plan by Nancy Pelosi to visit Taiwan, but you better have the balls to back it up, right?
00:21:36.000 That is the key in foreign policy.
00:21:38.000 If you're going to talk big, you better have the stones to back it up and you better make it clear that you're going to back up that sort of action with serious ramifications if God forbid they were to shoot down a jet with Speaker of the House Pelosi on it, right?
00:21:49.000 She's the third ranking official in the United States, not in terms of the executive branch, but third in line for the presidency and the most powerful person in the House of Representatives, which theoretically is supposed to be the most powerful branch of the United States government, not the executive.
00:22:01.000 Which, by the way, should happen.
00:22:02.000 For Beijing, a visit by Pelosi is seen as a high profile instance of rising U.S. political and military support for Taiwan, contravening Washington's commitments to limit its ties to the island, allowing a Pelosi visit to go ahead without consequences, Chinese foreign affairs specialist said, would only invite more senior political officials from the U.S.
00:22:16.000 and other countries, breaking Beijing's diplomatic blockade of Taiwan, which by the way, should happen.
00:22:23.000 I mean, I'd like to see more ties between the United States and Taiwan, given the importance of Taiwan to global, forget about democracy for a second, just in terms of pure strategic Taiwan is the producer of virtually all of the world's sophisticated semiconductors and microchips.
00:22:40.000 The notion that you made subject to Chinese predation is really, really risky on a global level for the economy and for the United States.
00:22:47.000 Pelosi opened her trip to Asia on Monday in Singapore.
00:22:50.000 She and four other Democratic members of Congress met with the Singaporean Prime Minister, who hailed the importance of stable U.S.-China relations for regional peace and security.
00:22:58.000 Singapore is obviously geographically placed incredibly close to China, and so they have to be very careful about what they say to China.
00:23:04.000 They do an enormous amount of trade with China.
00:23:06.000 Pelosi attended a closed-door reception with the American business community after which she did not respond to questions outside at the venue.
00:23:12.000 She then put out a statement saying, quote, As we continue our regional travel, we look forward to additional engagement with our partner nations to advance a free and flourishing Indo-Pacific.
00:23:20.000 Taiwan's government has sidestepped questions about Pelosi.
00:23:23.000 The White House is not confirming the Taiwan stop, but its possibility consumed a large portion of a two-plus hour phone call last week between the U.S.
00:23:31.000 and Chinese leaders.
00:23:33.000 Xi Jinping told President Biden China would safeguard national sovereignty, describing it as the unbending will of 1.4 billion Chinese people.
00:23:39.000 He said those who play with fire will perish by it.
00:23:42.000 Biden told the Chinese leader that U.S.
00:23:44.000 policy on Taiwan has not changed and that Washington opposes unilateral changes to the status quo.
00:23:48.000 So the question, as always in foreign policy, is what are you willing to do?
00:23:53.000 It's the untouchables question by Sean Connery.
00:23:55.000 What are you willing to do here?
00:23:56.000 What are you willing to do in order to protect Taiwan?
00:23:59.000 And the United States had better make that clear right up front.
00:24:02.000 We're talking about what sort of economic measures you are willing to take if China were to go after Taiwan.
00:24:07.000 Would it be what?
00:24:08.000 Heavy economic sanctions?
00:24:10.000 What are you willing to do?
00:24:11.000 Is the United States willing to up its amount of military support for Taiwan?
00:24:14.000 What sort of rearmament are being provided right now to deter a Chinese invasion by making it incredibly costly to engage in such an invasion in the first place?
00:24:22.000 Are you building up your naval superiority?
00:24:25.000 What exactly are you doing?
00:24:26.000 If the Biden administration is just talking big but doesn't have the brass to back it up, then China is going to invade sooner rather than later.
00:24:34.000 Also, again, Xi Jinping has a rather large interest in demonstrating aggressiveness with regard to Taiwan, as the Wall Street Journal editorial board Point out, Beijing is escalating its efforts to scuttle a Taiwan visit by House Speaker Nancy Pelosi in the coming days, and the threatening rhetoric from the Communist Party makes more sense when you consider the domestic backdrop.
00:24:50.000 The Chinese economy looks increasingly brittle, so it'd be no surprise if Xi Jinping resorts to nationalist brinksmanship as a distraction.
00:24:55.000 The basic story is slowing economic growth.
00:24:57.000 Beijing has had a GDP growth target of 5.5% in 2022, which is modest by historical standards.
00:25:03.000 Even the party now seems to admit the country is not going to hit that target.
00:25:06.000 Growth was only 2.5% in the first half.
00:25:08.000 For an economy of China's size, with hundreds of millions of citizens still in poverty, this is the functional equivalent of a recession.
00:25:15.000 Well, China is struggling economically, but there's no reason for you not to financially plan the way that China has not financially planned.
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00:26:35.000 The troubles that are being faced by the Chinese government on the economic front are very, very serious because it turns out communism is a garbage way to run a government.
00:26:41.000 Even mercantilist communism is still a garbage way to run a government.
00:26:45.000 So, as the Wall Street Journal editorial board continues, slowing growth is global, but Xi has added Chinese characteristics.
00:26:51.000 A chronic problem is his dynamic zero-COVID policy, which Beijing shows no signs of easing.
00:26:56.000 This imposes sudden lockdowns and stringent testing requirements anywhere COVID-19 is detected.
00:27:00.000 The lockdowns are a severe strain for ordinary Chinese and a danger to global supply chains passing through China.
00:27:04.000 Foreign companies are rethinking investments local firms suffer.
00:27:07.000 Chinese properties, Property implosion also continues.
00:27:10.000 A crackdown on property speculation that started in 2020 has now become a broader crisis.
00:27:14.000 A growing list of private developers have defaulted on debt or come close, falling property values are hurting local governments that rely on land sales for revenue.
00:27:21.000 Basically, China was borrowing extraordinary sums of money to build giant empty cities in the middle of nowhere that are completely abandoned.
00:27:27.000 I mean, I'm talking about like tens of thousands of units that no one is living in, and they built these things as a make work project for Chinese citizens.
00:27:35.000 Groups of would-be homebuyers recently staged a mortgage strike, refusing to repay loans for apartments that failing developers haven't even completed.
00:27:41.000 Far more worrying is the plight of small business suppliers to failed developers.
00:27:44.000 These creditors hold large quantities of commercial paper, representing money owed for goods and services.
00:27:49.000 In China's Wild West financial system, these IOUs are frequently exchanged as a form of money.
00:27:53.000 A collapse in confidence could do serious damage.
00:27:55.000 Apparently, Beijing is now considering a property bailout that could reach $44 billion, the money would be funneled through state-owned banks to buy unfinished projects, and the government might then rent out some of the homes rather than selling them.
00:28:06.000 So there's a consistent speculation that Xi continues to consolidate extraordinary economic power at the center of the Chinese economy.
00:28:12.000 And they're talking about another public works spending blowout in up to $1 trillion, much of that financed with government debt.
00:28:21.000 So, Xi Jinping is trying to redirect away from the failures of the Chinese economy.
00:28:26.000 And so, he is trying to challenge the United States.
00:28:28.000 Again, this looks very much like Vladimir Putin.
00:28:31.000 And so the question is, what is the United States going to do?
00:28:33.000 Is the United States willing to actually face up to the possibility of something quite serious?
00:28:39.000 And it seems like kind of not.
00:28:40.000 It seems like they're talking a little bit out of both sides of their mouth.
00:28:43.000 On the one hand, they want to take a very strong position with regard to China.
00:28:46.000 Fine.
00:28:46.000 Good.
00:28:47.000 On the other hand, they want to appease Chinese needs.
00:28:51.000 They want to make China feel better about things.
00:28:53.000 You'll recall that this particular administration has undercut specific espionage proposals in the United States directed at Chinese targets.
00:29:01.000 This administration has been softer on China, certainly, than the last administration was.
00:29:06.000 Taiwan, for its part, is preparing the possibility of conflict.
00:29:09.000 According to the Washington Examiner, Taiwanese defense officials have canceled the leave of some soldiers and officers to prepare for a chance of war.
00:29:15.000 China warned early Monday its military would not sit idly by, of course.
00:29:19.000 According to Chinese foreign ministry spokesperson, Zhao Lijian, he told reporters on Monday, her stature as the number three US official means her trip would be highly sensitive.
00:29:27.000 As to what measures, let's wait and see whether she insists on the visit.
00:29:30.000 She'd be the highest ranking US official to visit the island since Newt Gingrich went in 1997.
00:29:35.000 Pelosi released an itinerary, but that itinerary did not include Taiwan in the first place, supposedly for reasons of national security, which makes a certain amount of sense.
00:29:47.000 But again, it's the mixed signals that are being sent by this administration on nearly every front that create serious danger on foreign policy.
00:29:51.000 That's true in Afghanistan.
00:29:52.000 They're mixed signals.
00:29:53.000 Do we support the Afghan government?
00:29:54.000 Do we not support the Afghan government?
00:29:55.000 The answer is we don't.
00:29:56.000 It collapses, and now Al Qaeda is in the center of Kabul.
00:30:00.000 Do we not support Taiwan?
00:30:00.000 Do we support Taiwan?
00:30:01.000 On the one hand, we are sending Nancy Pelosi there in order to demonstrate our solidarity.
00:30:05.000 On the other hand, we're not really doing much to build up the United States Navy.
00:30:08.000 And we also seem to be going soft on China with regard to, for example, international investigations on COVID.
00:30:14.000 Like the countermeasures that we are taking on trade in the Indo-Pacific region are not nearly up to snuff.
00:30:20.000 We are not taking seriously the Chinese threat to the Solomon Islands, for example.
00:30:25.000 And this is true for pretty much every threat on the world stage.
00:30:27.000 We didn't take seriously the threat of Russia to Ukraine until it was too late and Russia had already invaded Ukraine and now we're spending tens of billions of dollars in order to protect Ukraine from a complete takeover by the Russian military forces.
00:30:39.000 And all of that is going to get very hairy come winter when it turns out that Russian oil and natural gas, which aren't flowing to Eastern Europe, have some pretty dire consequences in terms of the number of people who might freeze to death.
00:30:49.000 The same thing right now is holding true with regard to Iran.
00:30:51.000 So tremendous mixed signals being sent from this administration with regard to Iran.
00:30:55.000 Antony Blinken, the Secretary of State under Joe Biden, he is speaking internationally and saying we should get back to the Iran deal.
00:31:00.000 Meanwhile, Iran is ratcheting up its terror support nearly everywhere.
00:31:04.000 Here is Tony Blinken trying to convince himself more than anybody else that it was time to get back on board with an Iran deal.
00:31:10.000 Iran remains on a path of nuclear escalation.
00:31:14.000 Although it publicly claims to favor a return to mutual compliance with the JCPOA, the Joint Comprehensive Plan of Action, since March, Iran has been either unwilling or unable to accept a deal to achieve precisely that goal.
00:31:28.000 Getting back to the JCPOA remains the best outcome for the United States, for Iran, for the world.
00:31:36.000 Okay, so he can say that as much as he wants, but the simple fact is that Iran continues to thwart American sanctions and support terrorism all over the world at the exact same time Tony Blinken is calling for an Iranian nuclear deal.
00:31:48.000 The Wall Street Journal is reporting that the United States is considering new sanctions that would target a United Arab Emirates-based businessman and a network of companies suspected of helping export Iran's oil, part of a broader effort to escalate diplomatic pressure on Tehran as U.S.
00:31:59.000 officials push to reach a deal on Iran's nuclear program.
00:32:02.000 The firms and individuals under scrutiny have been using ship-to-ship transfers of oil and waters that lie between Iraq and Iran and forging documents to hide the origin of the cargo.
00:32:09.000 By passing off the blended oil as Iraqi, those involved can avoid Western sanctions targeting Iranian oil.
00:32:15.000 The administration continues to push sanctions at the same time that it's pushing talks with Iran.
00:32:20.000 Meanwhile, it is pushing sanctions on Russia at the same time that it's using Russia as a broker for a deal with Iran.
00:32:25.000 The reality is that there is no deal to be had with Iran that looks like anything remotely decent.
00:32:30.000 And yet this administration continues to sort of push two policy proposals at the exact same time.
00:32:35.000 Which is the nature of exactly how this administration works.
00:32:38.000 Now, with all of this said, this is one of the better stretches, apparently, for the Biden administration.
00:32:42.000 So Joe Biden is going to claim the killing of Al Zawahiri is a major victory.
00:32:45.000 It's not going to have a major impact on American public opinion.
00:32:49.000 In the same way that in February of 2020, when Donald Trump killed an al-Qaeda leader in Yemen, Qasim al-Rumi, it didn't really mean anything.
00:32:57.000 When he talked about the killing of ISIS leader Abu Bakr al-Baghdadi, that had very little flavor for the American public.
00:33:03.000 It really didn't do much for the American public.
00:33:05.000 So the media is going to declare major victory there.
00:33:08.000 Meanwhile, they're declaring major victory with regard to the economy.
00:33:11.000 Because the media is under the wildest impression that when Joe Biden spends money, this makes him more popular.
00:33:14.000 And I just don't know where they get this.
00:33:16.000 I continue to doubt the giant narrative that is spun out by the media and Democrats that every single time they spend buckets of money, this has a major impact on American public opinion.
00:33:24.000 It didn't help Joe Biden.
00:33:25.000 The American Rescue Plan was $1.9 trillion.
00:33:27.000 It did not help Joe Biden.
00:33:28.000 The infrastructure plan was $1.2 trillion.
00:33:30.000 It did not help Joe Biden.
00:33:32.000 And now they're trotting out another $433 billion.
00:33:34.000 And the idea is that this is going to help Joe Biden.
00:33:37.000 No, it's not.
00:33:38.000 His policies are not successful.
00:33:39.000 Because his policies are not successful, it's not going to help Joe Biden.
00:33:42.000 It really is that simple.
00:33:43.000 But according to the media, who are always in the category of DO SOMETHING, this means that if Joe Biden does something, he is more successful than if he doesn't do anything.
00:33:51.000 That's not how the presidency works.
00:33:53.000 When Americans feel like things are going well, then the president is popular.
00:33:56.000 When they feel like things are going poorly, the president is not popular.
00:33:58.000 It is indeed that simple.
00:33:59.000 Americans do not follow the legislative ins and outs of the billions and billions and billions of dollars in pork that are spent by Congress.
00:34:05.000 And in fact, It turns out that if you can't clearly define what you're doing with the money, Americans don't like you very much anyway.
00:34:10.000 Americans will say they like spending on particular proposals, but if you ask them whether it is a good idea to just throw hundreds of billions to trillions of dollars at things, their general answer is going to be no.
00:34:19.000 So this giant kind of boondoggle narrative that's being sold by the media that Joe Biden is suddenly going to be wildly successful because he gets Joe Manchin to sign on to a $433 billion spending package that includes $400 billion in new taxes in the middle of a recession, I have my doubts.
00:34:36.000 Axios co-founder, Mike Allen, however, he says that Joe Biden is now on a winning streak.
00:34:42.000 There's an America first populist streak to this, that is more oil drilling here, making more vaccines here.
00:34:52.000 They point us to a poll in The Washington Post, August 1982, 40 years ago.
00:34:59.000 This month, for the seasoned viewers out there, a Barry Sussman file on one of the classics.
00:35:05.000 And this was a poll with 58% of people in August 1982 saying that first-term president Ronald Reagan shouldn't run again.
00:35:16.000 And of course, there's a resonance to this.
00:35:18.000 We've had a parade of polls, people saying that President Biden shouldn't run again.
00:35:22.000 And of course, Jonathan, the punchline to this, less than two years after that poll, in 1984, Ronald Reagan won 49 states, the most electoral votes of any presidential candidate in history.
00:35:36.000 Okay, yeah, the difference is that Ronald Reagan had a booming economy by the time 1984 came around.
00:35:40.000 He had crushed a 10-year stagflationary cycle in the United States economy with interest rates of up to 20% under Paul Volcker, and he had passed tax cuts.
00:35:49.000 So there are a few things that Ronald Reagan did that Joe Biden is doing the opposite of.
00:35:52.000 Namely, Joe Biden created the inflation.
00:35:53.000 The inflation did not exist before Joe Biden.
00:35:56.000 Massive inflationary problems under Joe Biden are not the result of what happened before Joe Biden.
00:36:00.000 They're the result of Joe Biden.
00:36:02.000 Also, the bills that Ronald Reagan passed were pretty popular, and they had a predictably good effect on the American economy.
00:36:08.000 Joe Biden's bills have not had any predictably good effect on the American economy.
00:36:11.000 In fact, he's been throwing inflation gasoline on the fire.
00:36:15.000 So, I don't see the relation at all.
00:36:18.000 Again, this idea that just because he passes stuff, this makes him similar to Reagan.
00:36:22.000 I'm going to need some evidence on that one.
00:36:24.000 We'll get to more in just one second.
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00:37:36.000 Meanwhile, the Democrats are still trying to convince Kyrsten Sinema to sign off on their giant climate and healthcare boondoggle.
00:37:42.000 According to CNN, Democrats this week have the chance to validate their monopoly on political power in Washington, create a legacy of true significance for President Trump.
00:37:49.000 What legacy?
00:37:49.000 That he spent a crap load of money?
00:37:51.000 And even boost their hopes in daunting midterm elections in three months.
00:37:54.000 This is all according to the sycophants over at CNN.
00:37:58.000 But first, they must push a back-from-the-dead climate and healthcare initiative through the Senate using their tiny majority, notably by locking in the crucial vote of moderate Arizona Senator Kyrsten Sinema, who has yet to sign off on a bill that may not save Democrats in November, but may at least give them a big new win to run on.
00:38:11.000 No, it doesn't.
00:38:13.000 No, it, like, what, again, I ask you, what is the big new win?
00:38:17.000 What is the top line of the bill?
00:38:18.000 We spend $433 billion on climate change?
00:38:21.000 In the middle of a massive energy spike?
00:38:25.000 In terms of prices?
00:38:26.000 In the middle of an economic recession, you're sucking money out of the American economy and raising taxes in order to do so?
00:38:31.000 This is your win?
00:38:32.000 I just, I'm so doubtful as to the strategy.
00:38:36.000 It demonstrates, again, I say it all the time, but there's an echo chamber between the media and the Democrats.
00:38:39.000 And so Democrats say, what if we do this thing that makes no sense?
00:38:41.000 And the media are like, if you do that, you'll be super popular.
00:38:43.000 And then they do it, and they're not popular.
00:38:46.000 And then Democrats are like, I have a new solution.
00:38:47.000 What if we do the exact same thing, but like a little bigger?
00:38:50.000 And the media are like, that's an amazing idea.
00:38:51.000 You'll probably be super popular if you do that.
00:38:54.000 And then they're not popular because it turns out that the policy is garbaggio.
00:38:58.000 Well, this is exactly what's happening.
00:39:00.000 Moody's Mark Zandi says, you know what this bill does that Americans are not going to like?
00:39:04.000 It raises taxes.
00:39:04.000 I mean, if you want to give Republicans talking points to run on, ram through on a party line vote a tax increase to pay for climate change subsidies in the middle of a recession.
00:39:13.000 Like really go for it, guys.
00:39:14.000 This is brilliant politicking right here.
00:39:16.000 Here's a Moody's Mark Zandi.
00:39:18.000 Yeah, on the margin, it will slow growth by itself.
00:39:22.000 That provision will slow it.
00:39:24.000 But you gotta, I think, I'm a little confused by that because this is a minimum tax, 15%.
00:39:29.000 So these are large corporations make over a billion in revenue a year.
00:39:33.000 They're not paying any or very little tax.
00:39:37.000 And, you know, if you want to pay for climate risk, if you want to pay for health insurance and for prescription drugs, you need to raise revenue.
00:39:48.000 OK, so they're talking about raising taxes.
00:39:50.000 Raising taxes in the middle of a recession is a brilliant electoral move, according to the media.
00:39:53.000 It's also maybe the dumbest thing you could possibly do if you are Democrats right now.
00:39:57.000 And yet they're doing it.
00:39:59.000 So the question for Kyrsten Sinema, who is a swing state senator, is whether she wishes to do this.
00:40:04.000 You understand why I mentioned it.
00:40:05.000 He got a payoff.
00:40:06.000 My mansion's payoff is that they're supposedly going to green light a bunch of pipelines in West Virginia.
00:40:10.000 That's the payoff.
00:40:11.000 The payoff is that the energy sector in West Virginia is going to get some pork.
00:40:15.000 But what interest does Kirsten Sinema have in signing off on this?
00:40:17.000 She herself has explicitly said she's not in favor of raising taxes in the middle of a recession.
00:40:22.000 According to CNN, the vote of Sinema is a question mark.
00:40:25.000 Her support is just as critical as Manchin's.
00:40:27.000 Like Manchin, she's opposed dismantling the Senate filibuster to pass other Democratic priority bills.
00:40:32.000 She did help remodel Biden's larger Build Back Better bill before Manchin blocked it last year.
00:40:36.000 Now there are questions over whether she'll back tax changes affecting private equity investors in the Manchin-Schumer compromise.
00:40:42.000 Manchin suggested on State of the Union on Sunday he hadn't spoken to Sinema since he agreed on the package with Schumer, but he paid tribute to his Arizona colleague in her previous work on reducing prescription drugs.
00:40:53.000 Manchin, of course, is wielding his power.
00:40:55.000 The GOP is talking about putting a bunch of amendments on this bill, and Democrats are going to have to ram this through before that happens.
00:41:04.000 One of the big problems here is that if a single Democrat gets COVID anywhere in this process, they're done.
00:41:08.000 Because they can't come in to vote.
00:41:10.000 Which means that when they can't come in to vote, then they don't actually have a majority.
00:41:15.000 Now Pat Toomey, the senator from Pennsylvania, he says, it looks to me like Joe Manchin has been taken to the cleaners.
00:41:20.000 The corporate tax increase is going to slow down growth, probably exacerbate a recession we're already in.
00:41:26.000 Senator Bill Cassidy of Louisiana said another multi-billion dollar spending bill would inject an incredible amount of uncertainty into the economy just as it entered into a recession.
00:41:35.000 So again, the Democrats are pursuing a bad, dumb policy and the media are cheering them on.
00:41:40.000 And it's going to get more unpopular over the course of the current debate.
00:41:44.000 Greg Sargent over at the Washington Post points out that one of the problems here is that Republicans can force votes on poison pill amendments to the package, particularly on immigration.
00:41:53.000 One Democrat sounding this alarm is Senator Robert Menendez of New Jersey.
00:41:56.000 He's urging Democrats to unite against all poison pill amendments, meaning like all amendments, no matter how politically difficult it could be for senators facing tough reelection campaigns.
00:42:04.000 He said, I call on all Democrats to stand firm and united against Republican amendments that would hurt immigrant families.
00:42:09.000 So what exactly is happening right here?
00:42:10.000 Well, immigration amendments are unrelated to this climate package, which by the way, the fact that reconciliation is now being used on climate packages is insane.
00:42:19.000 Reconciliation was meant for budgetary measures.
00:42:21.000 This is not a budgetary measure.
00:42:22.000 It's just a spending bill.
00:42:24.000 So if you can now characterize anything as a spending bill, you can break the filibuster, apparently.
00:42:27.000 But, anyway.
00:42:28.000 Immigration amendments might be added by the Republicans.
00:42:31.000 Even if Democrats secure 50 votes to pass the package via simple majority reconciliation, Republicans could have a chance to force some tough votes.
00:42:37.000 Take, for example, one scenario feared by Democrats.
00:42:40.000 In it, Republicans would offer an amendment codifying in federal law Title 42.
00:42:43.000 That is the rule expelling asylum-seeking migrants without any hearing.
00:42:48.000 Based on COVID threat, for example.
00:42:50.000 There's already a proposed bill on this.
00:42:51.000 It would require the restriction on asylum-seeking to remain as long as the federal state of emergency exists on COVID-19.
00:42:58.000 Well, the proposed bill would basically force Democrats on record opening the border.
00:43:02.000 So, will Democrats vote that down?
00:43:05.000 Or will they add it?
00:43:07.000 Well, there are a bunch of Democrats who are in swing states, like Maggie Hassan in New Hampshire or Mark Kelly in Arizona.
00:43:12.000 Would they vote for that amendment?
00:43:14.000 Manchin and Sinema might vote for that amendment.
00:43:16.000 There could be a bunch of other so-called poison pill amendments that Republicans can add to the bill, including, for example, construction of the border wall.
00:43:24.000 What happens if that passes?
00:43:26.000 Well, at that point, if there's an amendment that, for example, funds the border wall or that extends Title 42, you might see some of the liberals, like Bernie Sanders, vote down the package.
00:43:35.000 If the climate package passes with any such amendments, that would be a terrible outcome as well, says Greg Sargent.
00:43:40.000 It would further weaken our already wavering commitment to asylum or worsen our immigration system in any ways.
00:43:45.000 It's unclear how Democrats can prevent the tactics.
00:43:47.000 Congressional scholar Sarah Binder says federal law governing the reconciliation process allows for a voterama on the minority's amendments with no majority imposed limit.
00:43:55.000 Not much can prevent this aside from a deal between both party Senate leaders or mere exhaustions.
00:44:00.000 But this could be really ugly for the Democrats.
00:44:02.000 They could ram through an unpopular bill with a bunch of amendments that they had to vote against.
00:44:07.000 And this is their idea of victory?
00:44:09.000 This is the big win here?
00:44:10.000 I'm gonna need an explanation.
00:44:13.000 By the way, the bill that they're calling the Inflation Reduction Act has nothing to do with reducing inflation.
00:44:19.000 Hilariously, the Penn-Wharton Budget Model examined the details of this bill and found it doesn't contain any net deficit reduction until 2027.
00:44:26.000 And then, through 2031, the impact on inflation is statistically indistinguishable from zero.
00:44:33.000 So there'll be no reduction of inflation at a minimum.
00:44:37.000 Maybe there'll be an increase in inflation.
00:44:40.000 The $327 billion in new taxes that they are seeking, according to the Wall Street Journal, could slow inflation if the economy falls into recession.
00:44:46.000 That might be the quiet expectation.
00:44:48.000 The tax increases on business will discourage investment while the Federal Reserve is raising business costs with higher interest rates.
00:44:54.000 But that's just asking for a recession at this point.
00:44:58.000 The book income minimum tax would hit the accelerated depreciation in the tax code that lets business write off investment in, say, new factories.
00:45:04.000 Wholesale trade, retail trade, and information companies would get off relatively easy by contrast, but the tax would really hit U.S.
00:45:12.000 So precisely the people who support the blue-collar jobs that Joe Manchin is supposed to stand for, those are the people who are going to get hit by the new tax here.
00:45:12.000 manufacturers.
00:45:22.000 An analysis by the National Association of Manufacturers says the tax in 2023 alone would reduce real GDP by $68.5 billion and cut labor income by $17.1 billion as well.
00:45:34.000 So, good luck.
00:45:36.000 This is Joe Biden's big win.
00:45:38.000 A slow clap for these geniuses.
00:45:40.000 Meanwhile, the Minneapolis Federal Reserve president, he says, you know, you guys are all triumphal about your economy here.
00:45:45.000 You're talking about how oil prices are going down and all the rest.
00:45:48.000 You may have noticed that for most Americans, real wages are still down.
00:45:51.000 So you can talk as much as you want about passing bills, making Joe Biden popular.
00:45:53.000 It ain't going to do it.
00:45:55.000 For most Americans, their wages are going up, but they're not going up as fast as inflation.
00:45:59.000 So most Americans, real wages, real incomes are going down.
00:46:03.000 That's why families are finding it increasingly hard to make ends meet.
00:46:07.000 When they go to the grocery store, when they buy necessities, they're not able to buy as much because they're getting a real wage cut because inflation is growing so quickly.
00:46:15.000 I mean, typically we think about wage-driven inflation.
00:46:19.000 Where wages grow quickly and then that leads to higher prices in a self-fulfilling spiral.
00:46:24.000 That is not yet happening.
00:46:26.000 High prices and wages are now trying to catch up to those high prices.
00:46:30.000 Those high prices are being driven by supply chains and the war in Ukraine among other factors.
00:46:36.000 Bottom line here is the American people are rightly extraordinarily skeptical of Joe Biden and his economic plans right now and all of the happy talk in the world about how we're not really in a recession.
00:46:47.000 If we spend more money, if Joe Manchin signs up, we'll have something to run on.
00:46:50.000 And this is not correct.
00:46:51.000 This is just not correct.
00:46:52.000 The simple fact of the matter is that Joe Biden already has run on what Joe Biden is.
00:46:56.000 A big spending, high tax, Horrible foreign policy leader who has driven gas prices to extraordinary highs, who has driven your cost to extraordinary highs, who has lowered real wages in significant fashion, who has surrendered Afghanistan to the Taliban, who has weakened America on the world stage to the point that there was a full-scale European war in place because the Russians thought that the West was just weak because of Joe Biden.
00:47:16.000 That's who this president is.
00:47:17.000 And none of the underlying factors here are changing.
00:47:20.000 And you can see this, by the way, in Joe Biden's approval rating.
00:47:22.000 You know, all this talk about how Joe Biden is enjoying some sort of massive boost in the approval ratings.
00:47:28.000 I'm wondering exactly where they are getting this.
00:47:31.000 I'm looking at the RealClearPolitics approval ratings for Joe Biden right now.
00:47:34.000 His job approval remains at negative 17%.
00:47:39.000 He's still near his all-time lows.
00:47:40.000 He's still approve 39%, disapprove 56%.
00:47:45.000 So that one right there, that's a big no.
00:47:47.000 And passing more bills that people don't like?
00:47:49.000 That's not gonna do it.
00:47:50.000 Well, folks, recently we celebrated the one-year anniversary of our podcast, Morning Wire.
00:47:55.000 In the short time it has existed, it has become one of the top news podcasts in America.
00:47:59.000 New episodes are available every morning, seven days a week.
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00:48:03.000 So check out Morning Wire on Apple Podcasts, Spotify, Daily Wire Plus, or wherever you listen to podcasts.
00:48:09.000 Alrighty guys, we have a lot more news to cover.
00:48:10.000 I'm out of time here on YouTube, Apple Podcasts, and the like.
00:48:12.000 So if you want to enjoy the rest of the show, become a DailyWire Plus member, head on over to dailywire.com slash Ben.
00:48:17.000 Become a member today.
00:48:20.000 Okay, meanwhile, on the cultural front here in the United States, we have a very sad story.
00:48:25.000 The Ben Shapiro Show is produced by Bradford Carrington, executive producer Jeremy Boren, supervising producer Mathis Glover, production manager Pavel Wydowski, associate producer Savannah Dominguez-Morris, editor Adam Sajevitz, audio mixer Mike Coromina, hair and makeup artist in wardrobe Fabiola Christina, production coordinator Jessica Grand.
00:48:51.000 The Ben Shapiro Show is a Daily Wire production.
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00:48:55.000 Hey there, this is John Bickley, Daily Wire editor-in-chief and co-host of Morning Wire.
00:49:00.000 On today's episode, farmers in several countries erupt in protest against climate policies, Senator Joe Manchin backs a new tax and spend bill that promises to reduce inflation, and a California judge says a lawsuit alleging Visa illegally profited from child pornography can go forward.