Best of The Program ｜ Guests： Rep. Jim Jordan & Dr. Pippa Malmgren ｜ 10⧸28⧸20
Episode Stats
Words per Minute
161.16145
Summary
If Joe Biden were elected president, what would his first 100 days in office look like? Will the economy be as good or as bad as it was under President Obama? Glenn Blumberg and Jason Buttrill break it all down. Plus, the latest on Joe Biden and his family.
Transcript
00:00:00.000
Hello, America. We are six days away from the fundamental transformation of America.
00:00:05.420
Oh, who's excited about that? That happens if you believe the polls. We're not so sure. We
00:00:11.820
talk about the polls. We talk about the latest on Joe Biden and his family. But knowing that
00:00:17.540
it's about your family, really, we also tell you about the economy and the digital civil war,
00:00:24.020
all of that and so much more on today's podcast. And the big show tonight to figure out the first
00:00:29.480
hundred days of the Joe Biden administration, if it were to happen, what would it look
00:00:34.040
like? You should be prepared for that as we approach the election. And Wilfred calls in
00:00:37.660
and God is a little smoked at Stu. Also, did you want me to finish the promotion for your
00:00:44.200
special tonight? I wasn't listening. I didn't think so. Tonight is Glenn's special. Watch
00:00:48.520
it right after a brand new Stu Does America. It's blazetv.com slash Glenn. 30 bucks off
00:00:59.480
This election really is about fundamental transformation of America. We're six days
00:01:15.920
away from that possible outcome. If Joe Biden gets in, they are looking at an entirely different
00:01:23.320
country than the one that you recognize. We'll tell you about that tonight. And we urge you
00:01:29.160
to watch with a friend, maybe somebody who hasn't made up their mind yet. We're going
00:01:34.260
to show you in their own words what they're planning on doing in the first 100 days. And
00:01:38.940
I'll I'll comment on some of this stuff and show you as we go on. But they want to throw
00:01:44.820
the economy out and start something entirely new. So is that where we're at? Who do you trust
00:01:53.080
to be able to bring jobs to you? When Donald Trump took office in January of 17, the unemployment
00:02:00.700
stood at four point five percent? And remember, Obama and Biden said that's the best it will
00:02:06.460
ever get. By Q4 of 2019, it had fallen by 32 percent, just under three point five. This
00:02:16.160
included all time lows in black and Hispanic unemployment. Overall, the Trump's Trump's
00:02:23.280
unemployment rate set 50 year lows. U.S. household income grew at an annualized rate of two point one
00:02:33.720
from January 2017 to December 2019, 75 percent higher than the annualized growth rate under the
00:02:42.560
eight years of the Obamas and their administration. That was a rate of one point two. It was twenty
00:02:52.680
percent faster than the rate of inflation of one point seven. Notably, this includes black
00:03:00.360
household income growth rate of three point one, nearly double the rate of inflation. And here's
00:03:07.640
where it really matters. The wage growth for people just like you, non-executive workers.
00:03:16.120
It grew at an anemic point eight percent during the entire eight years of the Obama administration.
00:03:24.480
From Q1 2017 to December of 2019, your wages grew over three percent in 2018.
00:03:35.480
A largely because of the tax cuts. Said another way, the non-executive U.S. worker wages grew one hundred
00:03:45.200
and eighty seven percent faster under Donald Trump than under Barack Obama. So this is about your
00:03:53.460
family. This is about your wallet. But it is also about who we are. Do we want somebody who is
00:04:05.480
corrupt? In office? They have made all kinds of charges on Donald Trump, but they have absolutely no
00:04:14.200
evidence. But look at the overwhelming evidence on Joe Biden. Last night, one of Joe Biden's business
00:04:23.000
partners was on Tucker Carlson, and he has said he's just had enough.
00:04:29.720
We bring in Jason Buttrill, who is our chief researcher and national security advisor on the
00:04:38.060
program. Welcome, Jason. How are you? Thank you, Glenn. Doing well. So tell me what what you pulled
00:04:44.900
from this interview last night. I keep waiting to see this smoking gun that I believe is out there
00:04:53.120
that I think they can find. But it's direct money going straight towards Joe Biden. Yeah,
00:05:00.940
you're looking for a wire transfer. And I'm not sure if you will find one because of the documentation
00:05:05.680
that we found that Hunter Biden was saying it's to be held for the big guy. But I think that it's I
00:05:13.680
really think that if Tony Bobulinski last night looked extremely credible. I think that's one of the
00:05:20.440
biggest things. Everything he was talking about, the locations he was describing in vivid detail,
00:05:25.560
meeting at places like the Peninsula Hotel. And and that's when he talked to I think it was
00:05:31.880
Jim Biden, where he said, you know, plausible deniability. In fact, let me let me play this.
00:05:37.940
This is a cut. He had just said that Joe Biden, he could confirm because he was part of this deal.
00:05:43.060
He can confirm that Joe Biden is the big guy, which meant 10 percent of all of the business dealings
00:05:50.100
was going to Joe Biden from China. Here's how he was answered when he said, how do you expect to get
00:05:58.580
away with this? Listen, Bobulinski on Joe Biden's plausible deniability. I know Joe decided not to run
00:06:05.980
2016, but what if he ran in the future? Aren't they taking political risk or headline risk? And I remember
00:06:13.600
looking at Jim Biden and saying, how are you guys getting away with this? Like, aren't you concerned?
00:06:19.800
And he sort of looked at me and he laughed a little bit and said, plausible deniability.
00:06:25.900
He said that out loud? Yes. He said it directly to me, one on one in a cabana at the Peninsula Hotel
00:06:31.400
after about a hour and a half, two hour meeting with me asking out of concern, how are you guys
00:06:38.000
doing this? Aren't you concerned that you're going to put your brother's future presidential
00:06:41.880
campaign at risk? You know, the Chinese, the stuff that you guys have been doing already in 2015 and
00:06:48.740
2016 around the world. And I just can almost picture his face where he sort of chuckles and says,
00:06:56.620
So, Jason, first of all, explain who Bobulinski is.
00:07:03.240
So Bobulinski was, I guess you could call him a business partner, a partner with Hunter Biden
00:07:09.320
and multiple other of the people that are all involved in this, the usual suspects,
00:07:13.160
people like Devin Archer. But he was recruited directly. And he's even alleged that Joe Biden
00:07:18.600
was actually involved directly with him in a meeting to recruit him to be the CEO of one of
00:07:24.220
these companies that embarks in these business ventures all over the world.
00:07:28.560
Okay. So why I have the one thing to Stu and I were talking earlier today. The one thing I don't
00:07:34.540
understand is why is this guy coming out now? I mean, and he's saying, you know, I came from a,
00:07:43.340
you know, a Navy family. So you were willing to be involved in this then, but now you're not.
00:07:49.420
Yeah. Do you have any feeling on why he changed and why he's now standing up?
00:07:58.240
I can only speculate, but you can tell that he was conflicted about it because he asked if they
00:08:03.640
were worried politically. Why would you be worried politically unless you knew exactly who some of
00:08:08.400
these people were that they were dealing with? And I think we'll talk about a little bit later.
00:08:12.380
They did know exactly who they were dealing with and how they were connected with the Chinese.
00:08:17.900
In fact, here's the audio. He said last night that they were proud of their relationship
00:08:26.840
It also sounds like Joe Biden was vetting you to some extent.
00:08:30.780
Yes, of course. Like I didn't request to meet with Joe. They requested that I meet with Joe.
00:08:36.640
And, you know, he's putting his and Hunter says this in writing. It was a reference multiple times.
00:08:42.960
They were putting their entire family legacy on the line. They knew exactly what they were doing.
00:08:48.900
They were dealing with a Chinese owned, you know, enterprise run by Chairman YI, CFC, that had strong
00:08:55.820
financial support and political support from the Chinese Communist Party. That's how it was presented
00:09:00.640
to me. That's not my own words. That's how they presented it to me and read me in on it.
00:09:04.680
And they being Gillier and Hunter Biden, being Hunter Biden, who was very proud of that and taking
00:09:11.280
credit for it when I sat with him for two hours on the patio of the Chateau Marmont in L.A.
00:09:16.320
Proud that they were doing a deal with the Chinese Communist Party?
00:09:18.540
Well, proud that they were that he had the relationship with Chairman YI, who was running
00:09:23.560
CFC and the ability for them to get deals done around the world and stuff like that.
00:09:28.900
CFC is the Chinese energy company that they were involved in.
00:09:34.260
And he also said, as I watched it last night, I was I was struck by how credible this guy
00:09:39.660
looks and feels. His answers didn't seem rehearsed.
00:09:43.780
It just seemed real. And he talked about a meeting with Joe Biden that he was brought in
00:09:49.660
and, you know, 10 o'clock at night in some hotel.
00:09:54.480
Uh, they had this meeting where he talked about all of the business deals.
00:10:01.120
Yeah, I think the biggest thing about, you know, back to your previous question on why
00:10:05.460
he's coming out now, I think it looks exactly that they knew who they were dealing with.
00:10:10.880
I think that now he's just sick and tired of not being able to of everybody else going
00:10:19.080
All of his friends, all of his business partners, they've to some extent been convicted in U.S.
00:10:23.800
federal court on dealing with some of these crazy things involving like money, money laundering.
00:10:28.760
Um, in one case, Devin Archer was actually convicted.
00:10:32.320
And this is interesting because there was another report that said that, uh, or some audio that
00:10:36.920
Hunter Biden talks about, about him and Joe Biden being named as witnesses in a U.S.
00:10:43.300
The only other court case I can think of was the one where, uh, John Galanis, Devin Archer,
00:10:48.080
and Bevin Cooney were all convicted for defrauding $60 million from a Native American tribe.
00:10:57.640
But I mean, oh my gosh, just the optics of that right there that the media refuses to even
00:11:10.360
Blaze TV reporter Elijah Schaefer attacked Tuesday night inside a Philadelphia store while
00:11:16.280
filming ongoing looting in the wake of the police shooting of Walter Wallace, who was killed
00:11:21.980
after alleging, after allegedly, no, it's not allegedly, it's on videotape, charging the
00:11:30.980
You can hear them saying, drop, drop the knife, drop the knife.
00:11:34.060
It's not, it's not entirely clear to me, at least the first time I saw where, where his
00:11:42.860
Daily Caller reported Shelby Talcott was also reporting for Philadelphia.
00:11:46.620
She tweeted mass looting across the river and Elijah Schaefer just got beaten up for filming.
00:11:54.840
Police are in the same parking lot near the Walmart, but there seem to be too many looters
00:12:02.240
Let me play the video of him being attacked last night.
00:12:21.980
Um, Elijah, you were surrounded by 10, 15 people.
00:12:29.400
Unfortunately, uh, it escalated from one person to about a dozen very, very quickly.
00:12:42.640
Your sleet, your speech is a little, uh, weird as usual, uh, or we're then usual, uh, and sorry
00:12:58.280
I'm actually really happy to be alive because in that same shopping center, um, right there,
00:13:03.740
there was a 15 year old girl who was shot, um, according to reports.
00:13:08.160
And I heard multiple gunshots, uh, throughout the night.
00:13:10.520
Another individual is reported to have, uh, been shot as well.
00:13:15.120
I watched people get, get pummeled, uh, beyond belief.
00:13:19.260
And even another journalist named James clue, uh, he had to run almost a mile to get away
00:13:25.500
from writers who tried to beat him up because, uh, and I will say this indiscriminately, they
00:13:30.240
were specifically targeting white people, uh, last night.
00:13:36.440
Why do you, why do you say, why do you say that?
00:13:39.820
Uh, because they were only attacking white journalists, uh, specifically.
00:13:44.560
And they told me, they called me a white supremacist, uh, during my attack.
00:13:49.960
And after the fact, they came up to me at another location and told me a white supremacist
00:13:54.940
and started accusing me of things that clearly have no base.
00:13:58.500
Uh, and James had a similar, uh, a similar interaction.
00:14:02.380
And I'll say this, I was standing next to three different reporters who were also filming,
00:14:09.120
And they decided to only target me and they let them continue filming.
00:14:12.640
Um, so, you know, the racial slurs and accusations based with the fact that they only went after
00:14:18.260
the two white journalists, uh, in the group lead me to that conclusion.
00:14:22.140
And is this why, uh, and I don't want any details on anybody who is working with you, but
00:14:26.980
is this why the camera was not taken because they punched you and the camera was rolling?
00:14:36.060
Well, that was actually a reporter, Shelby Telcott, who was completely covered up because, uh,
00:14:41.560
the lawyers guilt, the lawyers guild was looking for her at the other protests, trying to ID
00:14:47.040
Uh, it's a group that touts themselves as a, uh, legal group, but they really try to dox journalists
00:14:56.620
So tell me, um, your reaction to the New York times saying that you are, you're going
00:15:03.120
in the New York times, they said are covering it.
00:15:06.000
We're just covering it from a distance and, uh, we can see everything that's going on.
00:15:10.580
These guys are just trying to, uh, make this bigger than it is and trying to, uh, ratchet
00:15:16.980
That's what the New York times said about your beating.
00:15:20.660
Glenn, I, I'm going to tell you this, and this is what I, it's like what we're reporting
00:15:27.760
It's so funny to hear people that aren't there, try to counter it.
00:15:31.260
And then reports come out later that we were right.
00:15:32.980
You know, I said that the police lost control of the city and I got mocked as well by the
00:15:40.980
Well, then the actual police chief says the night was a total loss and they were unable
00:15:46.380
to get control of the, of the city stretching several, several large blocks.
00:15:53.360
There was just no ability for police to do anything, uh, with more than a thousand writers
00:15:59.820
I mean, I would say there would be anywhere, maybe two to 3000 writers last night in just
00:16:04.700
a square mile or so the police were not prepared.
00:16:07.780
And at one point they just gave up and that's, they literally just gave up and just kind of
00:16:18.460
Or were you in the five below a store when you were beat up?
00:16:21.820
I was in the five below and I want to know not to make fun of anyone's position or to
00:16:27.520
take it lightly, but why would you loot a store that's known for $5 and under items?
00:16:35.000
Oh, well, um, but the Walmart you showed was looted and police have had kind of, which
00:16:44.580
And they weren't doing anything for the five below.
00:16:48.580
And I got the impression that they had kind of given up on Walmart as well.
00:16:55.720
So the, the videos that your, your viewers would be seeing, or if they're listening, uh,
00:17:01.840
So if people broke in, police came, cleared out the Walmart, and then they would run from
00:17:06.960
the Walmart to the next store, right next to the police, start looting that store.
00:17:10.300
Then the police would leave the Walmart, run over to the next door to clear them out.
00:17:13.400
And then everyone would run back into the Walmart.
00:17:15.760
So it was like, it was just like, I never, I'm laughing because I'm going, this is what
00:17:23.160
Essentially the police kept pushing people till I counted over 30 stores that were looted.
00:17:38.400
Um, uh, Elijah, were you wearing all of the equipment that I got for you last night?
00:17:48.400
Um, well, this was a time where we couldn't wear plate carriers, but I did have protection,
00:17:54.240
And, and I also was, uh, I was, you know, caring sufficient means to protect myself in
00:18:00.760
Um, but I'll tell you this, there is no law and order in these places.
00:18:05.760
And while I, I, I do respect law enforcement officers who protect and serve the people,
00:18:12.260
these big cities have a real problem when the police of the cities cannot help people.
00:18:17.940
And I will tell you this, we needed the national guard there and they were nowhere to be seen.
00:18:22.940
And that was confirmed by multiple other outlets, including the Daily Caller, including Town
00:18:35.080
You're listening to the best of the Glenn Beck program.
00:18:57.060
Uh, she was an economic advisor to George W. Bush, the author of The Infinite Leader.
00:19:03.220
We want to talk to her about the economy and the digital civil war that is coming.
00:19:12.600
I'm very excited to be on the program with you.
00:19:15.100
So I wanted to talk to you a little bit about, first of all, the economy.
00:19:18.920
As we look at the economy, um, what, what's going to happen with a, uh, Biden, Green New
00:19:28.580
Deal, uh, kind of radical agenda if they start to pack the courts?
00:19:35.920
Well, look, I actually have a more optimistic view that as soon as we know the result one
00:19:41.800
way or the other, a lot of people are going to say, okay, fine.
00:19:46.040
Then there's a second question of what does it mean if, if Biden becomes president?
00:19:50.700
And I think it's going to take the Democrats a couple of years to have an internal punch
00:19:55.560
up about where exactly is the policy supposed to be?
00:19:59.180
It's not like when Clinton came in and it was a kind of center, middle pro business position.
00:20:05.220
Now we have a kind of far left all the way to the middle of the road and no agreement amongst
00:20:11.560
all those folks as to what should we actually do.
00:20:18.140
We know it will be obviously not what most Republicans would want, but I'm just saying
00:20:25.340
So we are at a time now where the information that people get is edited and shaped and put
00:20:36.620
in front of them and they can be manipulated without even knowing it.
00:20:41.420
But we, we also know that Twitter and Facebook have been editing the news.
00:20:47.420
What's really terrifying that nobody really understands is I have a digital twin and you
00:21:00.920
So basically all of the data that you give off every day from not just searching on a search
00:21:07.600
engine, but frankly, if you have a phone in your pocket and you walk down the street,
00:21:11.360
the phone can tell what the condition of your heart is from the way you walk.
00:21:16.020
In other words, all these electronic devices are picking up information about us.
00:21:22.220
And all this data is kind of accumulating and like a twin of yourself that you can't see,
00:21:29.940
So for example, banks increasingly, if you're applying for a job, they'll look at your digital
00:21:34.980
twin and make decisions about you based on that.
00:21:38.440
So if you order Ben and Jerry's ice cream at midnight on Thursday nights while Googling Weight
00:21:44.120
Watchers, that algorithm is going to say this person is a little emotionally unstable and
00:21:49.900
that's going to show up in the personnel search.
00:21:52.880
And maybe that's the reason you don't get a phone call back or even worse, they'll start
00:21:57.900
to look at the, at a married couple and compare the purchasing patterns and the behavior patterns
00:22:04.640
And they can anticipate a divorce that the couple themselves don't even know is coming
00:22:09.260
and often drive down the credit limit of the lower earning partner in anticipation of
00:22:14.860
So that's what I mean by your digital signature or your digital twin is starting to have a huge
00:22:23.440
So they actually, uh, take your data and we'll say this is an unstable person.
00:22:31.640
I mean, your example was, but with an example like that.
00:22:38.920
I've talked to banks around the world and this is becoming ever more commonplace.
00:22:45.320
Um, it's the question of the algorithms read through all the data and they start to find
00:22:51.060
patterns and one of the patterns might be that if you have a married couple and the two of
00:22:56.860
them are spending in very different ways in different locations, that this is just an early
00:23:02.520
indicator that there's a breakdown in the marriage.
00:23:05.580
Now, all this data is typically auctioned off on the internet, right?
00:23:09.460
That's the whole point of doing your searches through say Google, Google takes the data and
00:23:14.260
they auction it off around the net and theory it's what they call anonymized, meaning it's
00:23:19.380
anonymous, it's not you, but I have to say, I have my doubts that data is really, truly
00:23:26.280
It's becoming easier and easier to identify from your zip code and from your daily activities,
00:23:39.800
Are we any different than the Chinese other than the government is using this data?
00:23:45.540
Do they have more information on their people than we have on ours?
00:23:51.200
I think this is the key question of our generation when we talk about surveillance capitalism, which
00:23:57.060
is kind of the broad name for what we're talking about here.
00:24:00.520
And the thing is, in China, the government does it.
00:24:05.280
So we have private entities that are gathering the data.
00:24:07.980
But what we don't have is an internet that keeps all this kind of data either fully private
00:24:15.200
and in your control or even better, permits you to monetize and make money off it as opposed
00:24:22.060
And there are a few people working on that, like Sir Tim Berners-Lee, who was the original
00:24:26.140
inventor of the internet, and a few other people.
00:24:30.940
And one, the public isn't really supporting it, because I don't think the general public
00:24:34.700
understands their digital twin and what the implications are of it.
00:24:41.180
So the one thing that really, really concerns me is, especially if the Democrats get in, they
00:24:48.640
have this new, it's called the new monetary theory, which is not a new monetary theory.
00:24:53.780
It's an old monetary theory that just says, spend as much as you want, and we can always
00:25:01.580
Just with the spending habits that we have right now, we're headed for real trouble and real
00:25:11.780
You say that the government is going to issue, I'm assuming at some point, cryptocurrency itself.
00:25:20.960
So not jumping on the Bitcoin bandwagon, but issuing its own cryptocurrency.
00:25:30.380
People thought crypto was just private entities.
00:25:33.320
But now Russia, China, the European Union have all said they're going to issue sovereign
00:25:42.260
And one way of thinking about this is that it's a little bit like heroin for politicians
00:25:46.660
in the sense that you can double the money supply with the keystroke.
00:25:50.060
You can also cut it in half with a keystroke, because it's not related to some underlying
00:26:00.340
And even more interesting, when you have digital currency, you can choose whose bank accounts
00:26:08.520
So the Chinese, for example, have been already giving away the new digital currency and testing.
00:26:14.600
Basically, people start to use it and then directing it to some, not others.
00:26:19.260
You could easily imagine a politician saying, I would like to give a tax break or send free
00:26:25.600
money to a certain group of voters, but not others.
00:26:32.120
And now you're able to create a kind of financial mechanism for encouraging or discouraging particular
00:26:42.100
It allows you to stop any kind of behavior that you don't like.
00:26:47.200
It's really, I mean, the digital twin would be a social score.
00:26:50.960
And the government can shut anyone it wants off and reward anyone it wants.
00:27:01.940
And that's exactly what's happening is we're being scored all the time because of this digitization
00:27:09.940
But when you add digital money into it, it's not just a score.
00:27:14.200
It's also a kind of way to keep track of who's doing what in the economy, where, when, with
00:27:22.880
And if you decided you didn't like certain kinds of economic activities, you could penalize
00:27:28.320
them a lot more easily with a digital currency as a sovereign nation than with traditional
00:27:34.940
And I do think we're on the edge of a huge transition from paper money into digital money.
00:27:42.460
And this will also change the balance of power between states and citizens and also between
00:27:50.140
So there are lots of political consequences of this technology change.
00:27:58.300
Well, I'm literally looking at the net as I'm talking to you.
00:28:01.000
And there's a story that says McDonald's, Starbucks and Subway denied testing China's
00:28:05.740
new digital currency, which means most probably companies like this are beginning to test it.
00:28:12.460
Russia has announced their plan to test and unveil digital currency.
00:28:23.620
But again, private JP Morgan is introducing a digital currency, the JPM coin that's already
00:28:31.200
And I suspect the US government's going to let the private companies test it out before
00:28:37.340
Well, I think people thought that by having Bitcoin, you could somehow escape the government
00:28:46.100
and government surveillance, maybe the taxation system.
00:28:52.480
Because in the end, even if you wanted to do all that, you have to actually log into your
00:29:01.840
And the world we're describing here is, it's so easy to digitally track what are you typing
00:29:09.500
I mean, it's going to reach the point where the only person who won't know your password
00:29:14.720
So, you know, once you're in digital space, there's no way to really hide.
00:29:23.440
It's a very visible electronic grid that captures all the activity that's occurring inside it.
00:29:31.400
So you can't really step outside that digital grid, and particularly not once money itself
00:29:38.840
We are seeing now the breakdown of our society in certain cities, and we're seeing riots and
00:29:52.120
I think both sides feel like they've been pushed to the absolute limit.
00:29:57.680
You talk about a civil war, but you say it's not going to be like it's ever been in any civil
00:30:07.460
Well, so, look, what I was talking about was less the sort of violence that we're witnessing
00:30:15.640
and more a broader phenomenon, which I've written about some years ago in a book I wrote
00:30:23.200
It's about the breakdown of the social contract, the relationship between states and citizens,
00:30:29.980
between companies and customers, among citizens.
00:30:32.860
And I personally think that's because of the heavy debt load that most nations carry.
00:30:39.660
And that debt load kind of breaks the promises that hold a nation together.
00:30:48.520
And the fastest-growing part of the workforce are people over the age of 55 because they can't
00:30:53.040
have enough savings to make it to the end of their life.
00:30:55.780
And so as we renegotiate the social contract, this reveals a lot of longstanding, unresolved
00:31:04.120
And by the way, COVID exacerbates that because COVID also reveals the pre-existing underlying
00:31:09.120
conditions initially in a person, but also in companies, in a society, in politics.
00:31:15.960
And one of the pre-existing underlying conditions that has revealed is this issue between African
00:31:23.600
Americans and the rest of society and a kind of unresolved sense of what is the right social
00:31:30.840
contract that is inclusive of everybody's needs in a way that everyone is comfortable with
00:31:39.780
And so some people are taking some violence to deal with that.
00:31:49.640
We are renegotiating the social contract right now.
00:32:03.140
You know, okay, I'm going to give you a really optimistic view because, you know, nobody else
00:32:09.280
So, my feeling is, look, we've got a wave of entrepreneurial energy being unleashed as
00:32:15.100
people get fired, companies are closed, restaurants go out of business.
00:32:19.040
And I don't believe most people lie down, roll over and say, there's nothing I can do.
00:32:29.140
And two-thirds of the net new jobs are always created by companies employ less than 50 people.
00:32:33.480
So, we're going to have a wave of entrepreneurial energy.
00:32:36.620
Not all of it will work, but it's going to be very exciting.
00:32:40.140
And then add to that, we have this record amount of money that's been injected into the
00:32:44.780
economy from government, which I'm not in favor of, but the fact is, there it is.
00:32:50.440
And usually, that money will find the good business models.
00:32:55.080
And then add to that this technological revolution we're going through, digitization, the efficiency
00:33:02.100
And so, I actually think the recovery may happen much faster and more sharply than people expect.
00:33:08.720
Because right now, they're building in the Great Depression Mark II.
00:33:11.420
And I'm not at all convinced that that's how it's really going to play.
00:33:18.160
From your lips to God's ear, thank you so much.
00:33:27.140
She is an economist, a former economic advisor to George W. Bush.
00:33:32.100
And the author of the book, The Infinite Leader.