Ep. 1690 - Why We Need 50 Million Deportations Instead Of 50 Year Mortgages, AI Music Tops The Charts, And More
Episode Stats
Length
1 hour and 11 minutes
Words per Minute
165.79094
Summary
Former Vice President Joe Biden is stepping down from the stage after four years in the White House. In his final days in office, Joe Biden served as Vice President and served as the Vice President of the United States from January 2009 to January 2017.
Transcript
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The conservative movement has to seriously address these kinds of problems.
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If we don't work on ways to actually improve Americans' lives and address the real challenges
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Or, oh, it's a hit song made by AI topping the charts, which is deeply depressing.
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I hate everyone who listened to this song unironically.
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If I could commit an AI genocide, I totally would.
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Even if your name isn't Joe Biden, it's still very easy to forget pretty much everything
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the Biden administration attempted to do during their four years in office.
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It's one of those administrations that everybody, regardless of party affiliation,
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Whose only legacy, if you can even call it that, is employing operatives who hunted down
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and jailed the political opponents of the Democrat Party.
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But especially if you're a young person right now, and you're trying to buy your first home
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and take part in a foundational component of the American dream,
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it's important to take a step back and consider very carefully what the Biden administration
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At every turn, the Biden White House took pains to make homeownership more challenging
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In retrospect, you could make the case that this was, in fact, the primary goal of the
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Every major policy proposal, every executive action, regardless of how it was advertised,
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was in reality geared towards raising the cost of homeownership, among other things.
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You know, it's not an academic exercise to make this point now, even though the Biden administration
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It's actually extremely important because, first of all, we have to reverse what the
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And secondly, when conservatives are crafting their own rules to make it easier to own a home,
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they can't emulate the Biden administration's proposals in any way.
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But at the moment, that appears to be what's happening.
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The Trump administration is going down the same road as the Biden administration,
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And they need to reverse course immediately unless we want to see everyone under the age
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of 40 vote for Democrats in next year's midterms.
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So we'll start with this headline from the Biden era, which sounds like it can't possibly be real,
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Quote, why having good credit could cost you more on a home mortgage.
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In some cases, people with better credit scores may pay more in fees,
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while those with lower credit scores will pay less.
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The Biden administration's stated purpose behind making these changes
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is to help make it easier for borrowers who have historically been disadvantaged
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Now, in practical terms, the proposal would penalize anybody with a credit score above 680
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And if you put down a large down payment between 15 and 20 percent,
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And the goal, according to the government, was to redistribute funds to reduce the interest rates
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Now, at the time, the story was covered as an effort by the Biden administration to buy votes,
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But the other effect of this proposal, of course, was to make it more difficult for Americans to buy homes.
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This is a zero-sum proposal we're talking about.
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People were being punished for doing the right thing and saving up and, you know,
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They were being punished for that in the form of additional fees.
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They deliberately made housing more difficult to obtain.
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And they made it more difficult to obtain precisely for the people who should be obtaining it,
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for those who are financially responsible, have good credit, have saved some money.
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And indeed, this was nothing new for the Democrats.
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The Obama administration famously filed lawsuits against various suburbs,
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including Westchester, New York, for failing to construct low-income,
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high-density housing complexes inside their suburbs.
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They wanted to tear down suburban homes and replace them with apartments, essentially.
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Now, coincidentally enough, all of these policies, and many more like them,
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coincidentally, were very beneficial for America's rapidly growing population of illegal aliens.
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If you live in a suburb that's suddenly been overtaken by rapid demographic change,
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At precisely the same time that Americans are struggling more than ever to own their own homes,
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it's never been easier for illegal aliens to buy property without putting anything down.
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The solution is not to double down on these Biden-era proposals
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and make it even easier to put people inside houses that they can't actually afford.
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Democrats pushed those policies because they needed a place to put all their new voters,
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and in doing so, they raised prices for everybody else.
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But Republicans have no reason to emulate that strategy.
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We elected them to make housing more affordable for Americans,
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As we briefly discussed the other day, the Trump administration,
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his current policy proposal is not going to succeed in accomplishing that objective,
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Instead, in an interview with Fox's Laura Ingram,
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the president seemed extremely cavalier about the introduction of the new 50-year mortgages idea,
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which would be a catastrophically bad idea in about a million different ways.
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According to Politico, what happened is that the federal housing director, Bill Pulte,
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who also serves as the chair of Fannie Mae and Freddie Mac,
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showed up at Palm Beach Golf Club with a three-by-five poster board in his hands.
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showed a graphic of former President Franklin Roosevelt
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along with a picture of Trump below the words, 50-year mortgage.
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So, that's how you lobby the president, apparently.
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it didn't appear that the president fully understood the implications of this proposal.
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He also seemed to be under the impression that people are currently getting 40-year mortgages,
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And another thing that your administration is trying to tackle,
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the average age of first-time homebuyers are now up to age 40,
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because your housing director has proposed something that has enraged your MAGA friends,
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calling it a giveaway to the banks and simply prolonging the time it would take for Americans
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From 30, some people had a 40, and then now they have a 50.
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and I have a lousy Fed person who's going to be gone in a few months.
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even if you're mostly a very strong supporter of what this administration is doing,
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as I am, I think they've done a lot of great stuff,
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But, of course, the political concerns are also real concerns.
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there was at least one more clip from this interview along these lines
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that is very problematic, which we'll talk about.
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and nobody on the right voted for any of this stuff.
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let's talk about the reality of a 50-year mortgage,
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That is the, quote, savings that you're getting,
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you might think, well, better to save $150 a month
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But the problem is that over the extra 20 years,
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And if you want to sell your home at any point,
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you'll have less than $20,000 in equity in your home.
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and fulfills their basic adult responsibilities
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Homeownership, unlike, say, free speech rights,
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But I ain't never been one to live in the past.
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You can kick rocks if you don't like how I talk.
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thing, totally devoid of any artistry or soul or
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But in this case, I looked up this quote-unquote
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It has over 2 million monthly views on Spotify,
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So 2 million, or listeners rather, 2 million, 2 million
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I just, I hate everyone who listened to this song
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Everyone who listened to it, unless out of a sense of
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And even some, many of the comments are probably
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But there were a lot of comments saying, oh, this is
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And I'm just thinking, I, like an actual fan of
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I find you, if you would listen to that and say,
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oh, this is pretty good, but not too bad at all.
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I have no respect for you, but I don't hate you.
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If I could commit an AI genocide, I totally would.
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In the future, if there are AI robots walking around,
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everybody thinks they have souls, even though they don't
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and they never can, I will be like the bad guy in the movie
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just killing entire country's worth of these robots.
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I'll finally be, all the people calling me Hitler
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This is all just a fantasy that will never actually happen.
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What will really happen is that while I'm eating my breakfast,
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through the window, and that's what's actually going to happen.
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Like we said yesterday, art is the creation of beauty.
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And algorithms cannot create beauty or convey meaning.
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So when I think about this, this possible future,
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which is coming, it's coming faster than even I thought,
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I mean, if we're already at the point where one of these AI,
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quote unquote, artists has 2 million monthly listeners on Spotify,
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then I think we are, I mean, maybe I would have thought five years away.
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I think we're a year away at most from having a, you know,
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from having a situation where the charts really are dominated by just this.
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And, um, and when I think about that, like who, who could,
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Can we really get to a point where the mass of people in this country,
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in our culture are willing to consume this, where they know that it's AI,
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they know that it was produced by an algorithm.
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Um, they, it was produced by something that has no mind and no soul
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Well, we really get to a point where the mass of people
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It's eating at their souls, killing them inside and they will eat it anyway.
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I don't think the mass of people could really like consume AI,
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watch a totally AI generated film from start to, you know,
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I think the only way people can get there where they're willing to do that
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If there's anyone that actually likes AI music right now,
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when we get to a point where most people begin to believe
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that five years from now will be totally irrelevant.