This is Gavin Newsom - And, This is Steve Bannon

00:00:00.840 In Mississippi, Yazoo Clay keeps secrets.

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00:01:45.540 Hey, I'm Jay Shetty.

00:01:51.880 This episode, Lizzo opens up like never before

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00:02:15.520 on the iHeartRadio app,

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00:02:29.220 This is Gavin Newsom.

00:02:32.760 And this is Steve Bannon.

00:02:36.000 Well, Steve, thanks so much for taking the time to be here.

00:02:38.800 And I want to take this opportunity to sort of,

00:02:42.320 you know, go back a little bit

00:02:43.940 and talk about your history,

00:02:45.500 a little bit about your motivations

00:02:46.760 and where you see this country

00:02:48.640 and for that matter, the world going.

00:02:50.240 But it's impossible not to note

00:02:52.220 the world that we're living in

00:02:53.680 in a relationship to everything happening

00:02:55.820 with the markets,

00:02:56.760 everything happening with tariffs,

00:02:59.340 everything happening with CR

00:03:01.500 and a potential government.

00:03:02.940 Don't be giving tariffs stink eye.

00:03:05.080 I don't want to start off

00:03:05.800 with you giving it stink eye already.

00:03:07.680 Well, we'll stress test.

00:03:09.700 I'm a tariff guy.

00:03:10.700 I appreciate that.

00:03:11.880 And we'll see.

00:03:12.640 We'll see.

00:03:13.500 We'll stress test.

00:03:14.760 The purpose I want to do this

00:03:16.380 is I want to convert you

00:03:17.780 to be a tariff guy also.

00:03:19.780 This is part of the process

00:03:21.140 to unwind you from being a globalist

00:03:23.580 to make you a populist nationalist.

00:03:25.900 It's a long journey.

00:03:27.620 It's a long journey,

00:03:28.380 but I think you'll get there.

00:03:29.680 This is part of the deprogramming, is it?

00:03:32.560 I appreciate.

00:03:33.840 And by the way, for the record,

00:03:35.160 I'm going down your rabbit hole right here.

00:03:36.780 I'm not an absolutist

00:03:38.440 as it relates to being against tariffs

00:03:40.400 by any stretch of the imagination.

00:03:42.060 And I thought it interesting

00:03:42.900 where we what I think

00:03:44.640 Biden tripled tariffs

00:03:45.920 on aluminum and steel,

00:03:47.760 which is getting a lot of attention

00:03:48.980 in this country today

00:03:49.880 as it relates to Canada.

00:03:51.020 And Democrats weren't screaming

00:03:52.840 and yelling about that.

00:03:54.640 So I mean, Fetterman, look,

00:03:57.180 you've got, you know,

00:03:58.940 and by the way,

00:03:59.500 thanks, Governor, for doing this.

00:04:00.680 I really appreciate it.

00:04:01.860 Wanted to have this conversation

00:04:03.060 for a long time.

00:04:03.740 You know, two of the of the three best

00:04:07.020 economic populist

00:04:08.360 in the Democratic Party,

00:04:10.260 who I think are kind of on an island.

00:04:11.920 One of the best is Roe Kahana,

00:04:13.420 Roe's economic patriotism,

00:04:16.060 which we always kid him

00:04:17.880 is just ripping off Navarre

00:04:19.240 and my economic nationalism.

00:04:21.520 Is is, you know,

00:04:22.700 he's an economic populist.

00:04:24.560 So is Fetterman.

00:04:26.420 Fetterman just announced,

00:04:27.800 you know, we're here today

00:04:28.720 during the CR.

00:04:29.700 Fetterman just announced

00:04:30.500 he would support the CR

00:04:31.640 if it came in as

00:04:32.880 Fetterman's a populist

00:04:34.660 and then Sherrod Brown.

00:04:36.260 Sherrod Brown, I think,

00:04:37.060 has been an economic populist

00:04:38.400 for a long time.

00:04:39.040 So there are

00:04:39.820 very strong voices

00:04:41.400 in the Democratic Party,

00:04:43.700 I think.

00:04:44.360 Now, unfortunately,

00:04:45.780 as a populist,

00:04:46.540 I think they're kind of

00:04:47.260 on an island

00:04:48.000 because it really hasn't been

00:04:49.720 the center of the conversation

00:04:51.240 with the Democratic Party.

00:04:52.460 But I think those three

00:04:53.380 are pretty good

00:04:54.980 as far as populist.

00:04:56.100 And Steve, I mean,

00:04:56.760 in terms of populism,

00:04:57.760 then it's a good segue.

00:04:59.140 How do you define that then?

00:05:00.560 What's, I mean,

00:05:00.980 is it a principle?

00:05:02.380 All right, obviously,

00:05:03.040 terror may be a component part,

00:05:04.460 but how do you define populism,

00:05:06.040 particularly in relationship

00:05:06.920 to their reflective lens

00:05:09.100 in terms of them being

00:05:10.140 Democrats?

00:05:10.440 Well, populism,

00:05:10.900 obviously, we believe

00:05:12.140 in subsidiarity.

00:05:13.140 We believe in bringing power

00:05:14.460 back to the grassroots level,

00:05:16.660 right?

00:05:16.840 We're very anti-elitist.

00:05:18.220 And one of the reasons

00:05:18.800 is we think the elites

00:05:19.800 in this country,

00:05:21.160 you know,

00:05:21.400 the highly educated elites,

00:05:23.440 the political class,

00:05:24.700 the Wall Street,

00:05:25.680 Silicon Valley,

00:05:26.400 Hollywood,

00:05:26.760 all of it,

00:05:27.440 have really forgotten

00:05:28.200 the underlying kind of principles

00:05:30.000 of the country

00:05:30.600 and kind of left

00:05:31.300 working class people

00:05:32.540 regardless of their race,

00:05:34.580 gender,

00:05:35.020 ethnicity,

00:05:36.160 sexual preference.

00:05:37.460 You know,

00:05:37.960 you pick it,

00:05:38.920 they've kind of forgotten.

00:05:39.800 And that's why

00:05:40.160 such a big push

00:05:41.100 for kind of these

00:05:42.020 populist economic policies

00:05:43.640 to look to put the,

00:05:44.940 the lens is not just

00:05:46.580 America first,

00:05:47.300 but American citizens first.

00:05:48.660 It goes with tax policy.

00:05:50.080 It goes with tariffs.

00:05:51.380 It goes with bringing

00:05:51.900 manufacturing jobs back.

00:05:53.880 It's nationalistic

00:05:54.760 in the fact that,

00:05:56.440 not isolationist,

00:05:57.560 but understanding

00:05:58.280 that we got to make it right

00:05:59.460 for American citizens

00:06:00.820 and particularly

00:06:01.500 for the greatest resource

00:06:03.040 we've had or ever had,

00:06:04.160 which is the American

00:06:04.900 working man and woman.

00:06:06.880 So it's to push

00:06:07.820 every decision

00:06:08.520 as down low as possible

00:06:09.860 and to get everything

00:06:11.080 back to a grassroots level.

00:06:12.940 And one of the keys

00:06:13.900 to populism

00:06:14.720 and kind of about

00:06:15.360 the sovereign will

00:06:16.160 is that the use

00:06:17.220 of human agency

00:06:18.080 that just don't sit there

00:06:20.100 and say,

00:06:20.780 you know,

00:06:21.680 somebody else has got,

00:06:22.660 a congressman

00:06:23.140 has got to do something

00:06:24.020 or a senator

00:06:24.680 has got to do something

00:06:25.340 or a governor

00:06:25.720 has got to do something.

00:06:26.540 You have to use

00:06:27.800 your agency only.

00:06:29.060 And I see this

00:06:29.580 in the Democratic Party now,

00:06:31.480 the people saying,

00:06:32.380 do something,

00:06:33.460 do something.

00:06:34.180 I think that's a lesson

00:06:35.140 that we learned

00:06:36.720 after President Trump.

00:06:38.000 And look,

00:06:38.300 you know,

00:06:38.700 we disagree on this,

00:06:39.620 but President Trump

00:06:40.280 won the 2020 election

00:06:41.360 and we were kind of shattered

00:06:43.020 as a movement

00:06:44.240 when he left Washington, D.C.

00:06:45.600 and we had to go back

00:06:46.400 to basics.

00:06:47.220 To say,

00:06:48.240 you know,

00:06:48.680 it can't be somebody else

00:06:49.580 do something.

00:06:50.460 You know,

00:06:50.660 we had to do something

00:06:51.900 and that's where we went back

00:06:53.020 to really a pure populist movement

00:06:54.660 to go at the grassroots,

00:06:55.880 the precinct strategy

00:06:56.840 and kind of rebuild ourselves

00:06:58.480 from there.

00:06:59.460 Well, and I appreciate

00:07:00.160 the notion of agency

00:07:01.060 that we're not bystanders

00:07:02.200 in the world.

00:07:02.780 It's decisions,

00:07:03.760 not conditions

00:07:04.420 that determine

00:07:05.420 our fading future.

00:07:06.500 And that fundamental notion

00:07:08.040 of agency,

00:07:08.380 I think is important

00:07:09.280 more broadly

00:07:10.280 and I think

00:07:10.840 that goes to some

00:07:11.840 of the issues

00:07:12.280 around,

00:07:12.680 you know,

00:07:13.180 victimization

00:07:13.940 and I see a lot

00:07:15.060 of that respectively

00:07:15.940 on the right

00:07:17.300 increasingly,

00:07:17.900 even with Trump

00:07:18.740 often approaching

00:07:20.540 things from that

00:07:21.660 sort of mindset.

00:07:22.560 What do you mean?

00:07:23.220 What do you mean?

00:07:23.720 What do you mean for Trump?

00:07:24.620 I think there's sort of

00:07:25.400 the grievance narrative

00:07:26.820 that comes from Trump.

00:07:28.180 This notion,

00:07:29.740 there is sort of a victim.

00:07:30.700 Well, they did try to put him

00:07:33.080 in prison for 300 years,

00:07:35.260 right?

00:07:35.480 They did try to bankrupt him.

00:07:37.160 If a guy had ever had

00:07:38.440 a set of grievances,

00:07:41.300 they did steal,

00:07:42.280 according to us

00:07:43.100 and we're firm believers,

00:07:44.000 the 2020 election,

00:07:45.260 which I think worked out better

00:07:47.180 that providentially

00:07:48.840 that he was able

00:07:49.500 to come back

00:07:50.040 with that gap

00:07:50.620 because I think

00:07:51.080 you're seeing

00:07:51.560 a much more,

00:07:53.520 not just new and improved,

00:07:54.860 but somebody that's

00:07:55.360 much more in command

00:07:56.360 of these decisions

00:07:57.140 and really stepping up

00:07:58.160 in a way

00:07:58.740 that we could have

00:07:59.400 never done before.

00:08:00.700 But no,

00:08:01.120 I don't think it's grievances.

00:08:02.140 I think it's reality.

00:08:03.120 I mean,

00:08:03.320 they tried to,

00:08:04.540 no one in American history

00:08:06.080 has the system

00:08:07.400 ever come after.

00:08:09.000 And I think that's one

00:08:09.560 of the problems

00:08:09.980 with the Democrats.

00:08:10.740 You got in a position

00:08:11.920 of having to defend,

00:08:13.560 remember,

00:08:13.880 I come from a working class

00:08:14.980 Democratic family.

00:08:16.120 An old Democratic family.

00:08:17.760 Kennedy,

00:08:18.200 I was telling some people

00:08:19.440 last night,

00:08:20.140 I said,

00:08:21.280 we didn't know

00:08:21.900 any Republicans.

00:08:22.560 There were just,

00:08:23.480 we were Irish,

00:08:24.540 Catholic,

00:08:25.000 working class,

00:08:25.720 phone company,

00:08:26.400 firemen,

00:08:27.540 you know,

00:08:28.020 Navy enlisted people.

00:08:29.300 You didn't know

00:08:30.360 any Republicans.

00:08:31.260 They just weren't

00:08:31.860 in your,

00:08:32.600 you know,

00:08:32.960 we were in the South

00:08:34.580 also,

00:08:35.000 which is all,

00:08:35.800 you know,

00:08:36.060 machine Democratic

00:08:36.940 politics.

00:08:37.420 So you didn't know

00:08:38.840 anybody.

00:08:39.300 You didn't know

00:08:39.760 anybody then.

00:08:40.360 And so to see

00:08:41.200 what President Trump

00:08:42.340 had to go through

00:08:43.180 and to see how

00:08:44.280 we've actively

00:08:45.280 changed the Republican

00:08:46.260 Party to actually

00:08:47.300 the working class

00:08:48.100 party in this country,

00:08:49.700 you know,

00:08:49.800 there was a poll

00:08:50.160 done last spring

00:08:50.880 that showed

00:08:51.320 that we as

00:08:52.440 a Republican Party

00:08:53.560 are the working

00:08:54.220 class party

00:08:54.960 and viewed as such

00:08:56.300 and that President

00:08:57.620 Trump's the leader

00:08:58.320 of that working

00:08:58.880 class party

00:08:59.540 and the Democrats

00:09:00.560 have become both

00:09:01.680 not just the

00:09:02.300 Wall Street elitist

00:09:03.060 but also

00:09:03.660 kind of the

00:09:04.500 credential class

00:09:05.460 with the poor

00:09:07.940 underneath it

00:09:08.680 of which we're

00:09:09.260 now trying to

00:09:10.100 obviously recruit

00:09:11.400 not just the

00:09:12.660 working poor

00:09:13.160 but actually the

00:09:13.760 poor itself

00:09:14.200 to join our

00:09:14.900 broadening coalition.

00:09:16.600 I appreciate it.

00:09:17.260 I want to talk

00:09:18.400 more about that

00:09:19.080 because I think

00:09:19.520 it's interesting

00:09:19.960 just as one of

00:09:20.660 the points

00:09:21.480 of contrast

00:09:22.860 with you

00:09:23.420 and frankly

00:09:24.020 Trump himself

00:09:24.960 right now

00:09:25.700 is on some

00:09:26.200 of the issues

00:09:26.600 of tax policy

00:09:27.560 in relationship

00:09:28.600 to this notion

00:09:29.320 of who are you for

00:09:30.180 and you've been

00:09:31.240 pretty critical

00:09:31.880 about the

00:09:33.280 proposed tax

00:09:34.820 the extension

00:09:35.680 of the existing

00:09:36.300 tax cuts

00:09:37.140 that disproportionately

00:09:38.640 favor the wealthiest

00:09:40.200 and you are

00:09:40.920 making the point

00:09:41.600 that it should

00:09:42.560 disproportionately focus

00:09:43.860 on the middle class

00:09:45.100 and working.

00:09:45.980 You know Governor

00:09:46.540 I'm not so sure

00:09:47.200 let me get there

00:09:48.700 so in 17

00:09:50.300 I was a big advocate

00:09:51.920 of that

00:09:52.420 in the first

00:09:53.100 Trump tax plan

00:09:54.680 of actually

00:09:55.840 raising the rates

00:09:56.880 on the

00:09:57.900 upper bracket

00:09:59.300 and doing actually

00:10:00.680 more to the lower

00:10:01.380 bracket

00:10:01.660 and the corporations

00:10:02.280 and it was

00:10:03.060 not just what I thought

00:10:04.200 was right

00:10:04.540 but also politically

00:10:05.320 expedient

00:10:05.780 at that time

00:10:06.420 in the spring

00:10:07.060 of 2017

00:10:09.640 it was really

00:10:10.780 Bernie Sanders

00:10:11.580 and Pocahontas 1.00

00:10:16.380 that was going

00:10:16.900 to be the

00:10:17.420 Senator Warren

00:10:18.980 Elizabeth Warren

00:10:20.580 is going to be

00:10:21.260 Pocahontas 0.98

00:10:22.000 going to be

00:10:23.080 the challengers

00:10:24.260 coming from

00:10:25.160 the populist

00:10:25.800 left

00:10:26.160 and I thought

00:10:26.900 it was very

00:10:27.280 important to

00:10:27.980 nip that

00:10:28.880 in the bud

00:10:29.240 of time

00:10:29.560 and raise

00:10:30.020 the brackets

00:10:30.500 now I think

00:10:31.720 history shows

00:10:32.380 that they can

00:10:32.760 show you

00:10:33.000 the math

00:10:33.460 that doing

00:10:34.860 all of that

00:10:35.620 actually worked

00:10:36.700 in unison

00:10:37.100 and got us

00:10:37.560 that great

00:10:38.100 2019

00:10:39.240 today

00:10:40.440 today

00:10:40.460 and President

00:10:41.040 Trump

00:10:41.380 I think

00:10:41.840 and Besson

00:10:42.460 are pretty

00:10:42.780 up front

00:10:43.360 that this

00:10:43.780 is the last

00:10:44.240 chance

00:10:44.540 we're going

00:10:44.780 to get

00:10:44.980 at a supply

00:10:45.520 side cut

00:10:46.140 of that

00:10:46.980 four trillion

00:10:47.640 dollars

00:10:48.240 I think

00:10:49.300 the two

00:10:49.660 point six

00:10:50.120 trillion dollars

00:10:50.700 of joint

00:10:51.960 you know

00:10:52.500 four hundred

00:10:53.120 thousand and

00:10:53.640 below

00:10:53.940 of couples

00:10:55.140 and I think

00:10:56.120 you add

00:10:56.420 another

00:10:56.940 couple of

00:10:57.860 hundred billion

00:10:58.300 dollars

00:10:58.700 for maybe

00:10:59.180 the pass-throughs

00:10:59.920 to the LLC

00:11:00.480 so the entrepreneurs

00:11:01.280 get caught up

00:11:01.960 but that

00:11:02.540 additional

00:11:02.960 trillion dollars

00:11:03.980 unless it can

00:11:05.360 be shown

00:11:05.940 mathematically

00:11:06.680 and I think

00:11:07.500 people are

00:11:07.880 working on

00:11:08.200 this that

00:11:08.700 they consume

00:11:09.940 you know

00:11:10.180 right now

00:11:10.560 I think

00:11:10.880 the top

00:11:11.680 three percent

00:11:12.700 consumed almost

00:11:13.360 fifty percent

00:11:14.060 of what's going

00:11:15.200 to the country

00:11:15.680 unless that

00:11:16.240 you're concerned

00:11:17.020 that that would

00:11:17.480 kick you into

00:11:18.020 a major recession

00:11:18.860 if that went

00:11:19.360 away

00:11:19.740 I am

00:11:20.700 I'm pretty

00:11:21.220 adamant about

00:11:22.020 that you

00:11:23.120 shouldn't

00:11:23.620 the upper

00:11:24.420 bracket

00:11:24.800 shouldn't get

00:11:25.240 it and even

00:11:25.580 some of the

00:11:25.960 corporations

00:11:26.460 shouldn't get

00:11:27.100 it if they're

00:11:27.500 just going to

00:11:27.880 do stock

00:11:28.260 buybacks

00:11:28.840 but additional

00:11:30.120 tax cuts

00:11:30.720 should go as

00:11:31.200 President Trump

00:11:31.720 promised

00:11:32.200 no tax on

00:11:33.460 tips

00:11:33.800 no tax on

00:11:34.980 overtime

00:11:35.380 and particularly

00:11:35.920 no tax on

00:11:36.540 Social Security

00:11:37.220 yeah but I mean

00:11:37.840 his current

00:11:38.440 proposal doesn't

00:11:39.220 add up then

00:11:39.800 in that respect

00:11:40.440 blows the

00:11:40.980 deficit and

00:11:41.640 continues those

00:11:42.300 corporate tax

00:11:42.960 cuts and

00:11:43.400 continues the

00:11:43.920 tax cuts to

00:11:44.560 the wealthiest

00:11:45.140 so it runs

00:11:45.700 and I'm not

00:11:46.320 I think I think

00:11:48.020 I think we're

00:11:48.760 not to be

00:11:49.420 argumentative

00:11:50.060 no appreciate it

00:11:50.860 we want to have

00:11:51.780 an open dialogue

00:11:52.400 I think when you

00:11:53.300 look at Besson

00:11:53.960 and Charlie Gasparino

00:11:55.340 had a pretty good

00:11:55.960 piece in the New York

00:11:56.680 Post today about this

00:11:57.720 if you add in

00:11:59.960 if you look at

00:12:01.200 the growth rates

00:12:02.000 and it's predicated

00:12:02.680 on growth

00:12:03.080 you look at a

00:12:03.580 growth rate

00:12:04.100 two and a half

00:12:04.820 to three percent

00:12:05.600 right if you look

00:12:07.020 at what we're

00:12:08.240 trying to do

00:12:08.640 on cutting federal

00:12:09.340 spending

00:12:09.800 in addition

00:12:10.860 doge which is

00:12:11.760 the waste

00:12:12.080 fraud and abuse

00:12:12.940 and you look

00:12:13.880 at additional

00:12:14.400 revenues externally

00:12:15.460 from tariffs

00:12:16.320 you can get to

00:12:17.640 and what Besson's

00:12:18.300 trying to do

00:12:18.740 is take the

00:12:19.600 deficit from

00:12:20.240 six and a half

00:12:21.000 percent of GDP

00:12:21.760 down to three

00:12:23.060 and a half

00:12:23.420 percent of GDP

00:12:24.060 so this not

00:12:24.820 this out of

00:12:25.500 control explosion

00:12:26.800 of two trillion

00:12:27.420 dollars in deficits

00:12:28.660 which we as

00:12:29.800 Republicans are about

00:12:30.600 to sign off on

00:12:31.380 today just so your

00:12:32.060 audience understands

00:12:32.920 this CR today

00:12:34.680 the house

00:12:35.860 will approve

00:12:37.340 the Biden

00:12:37.940 Kamala Harris

00:12:39.060 spending for this

00:12:40.200 year

00:12:40.460 locking it in

00:12:41.520 locking it in

00:12:42.440 and that's

00:12:42.760 how you can't

00:12:43.600 be I mean

00:12:44.080 how are you out

00:12:44.660 there supporting

00:12:45.360 that then

00:12:45.860 well because

00:12:47.100 right now I think

00:12:48.500 with everything

00:12:48.980 it does

00:12:49.420 and by the way

00:12:50.280 it's just

00:12:51.100 it's that

00:12:52.020 plus it's a

00:12:52.980 two trillion dollar

00:12:53.620 deficit

00:12:54.080 okay

00:12:54.980 I think the reason

00:12:56.160 we're doing it

00:12:56.820 is that

00:12:57.300 the house

00:12:58.260 has not gotten

00:12:58.900 their act

00:12:59.300 together to get

00:12:59.940 these single

00:13:00.420 subject appropriations

00:13:01.520 bills done

00:13:02.400 they are committed

00:13:03.060 to do that

00:13:03.720 working with

00:13:04.560 Democrats

00:13:05.120 in the spring

00:13:06.120 and summer

00:13:06.520 this year

00:13:06.900 for fiscal year

00:13:07.640 26

00:13:08.120 and I think

00:13:09.700 to keep

00:13:10.280 the government

00:13:11.860 open

00:13:12.460 to keep

00:13:13.160 President Trump

00:13:13.740 hitting on all

00:13:14.360 cylinders

00:13:14.680 to keep

00:13:15.220 Doge at work 0.91

00:13:16.240 in federal

00:13:17.120 court overnight

00:13:18.100 the federal courts

00:13:19.600 are coming after

00:13:20.180 Doge

00:13:20.600 this is on

00:13:21.100 at least

00:13:21.440 information

00:13:22.040 we expect

00:13:22.820 many more

00:13:23.340 lawsuits about

00:13:24.340 that

00:13:24.620 but I think

00:13:25.500 in the effort

00:13:25.920 to do it

00:13:26.520 we're prepared

00:13:27.720 and you know

00:13:28.480 we hate

00:13:28.940 we hate

00:13:29.480 any CR

00:13:30.100 this one

00:13:31.060 we've hated

00:13:31.500 for a long time

00:13:32.300 we're prepared

00:13:32.780 to go along

00:13:33.300 the president

00:13:33.700 says he needs

00:13:34.360 it

00:13:34.520 what I love

00:13:35.740 about Johnson

00:13:36.440 for the first

00:13:37.000 time

00:13:37.360 they just

00:13:38.540 announced

00:13:39.000 they're going

00:13:40.080 to vote

00:13:40.440 on it

00:13:40.720 this afternoon

00:13:41.380 he thinks

00:13:41.900 he's got

00:13:42.200 the votes

00:13:42.620 in the house

00:13:43.040 to do it

00:13:43.440 then they're

00:13:43.960 going on

00:13:44.280 recess

00:13:44.580 they're sending

00:13:45.700 it over

00:13:45.960 to the

00:13:46.300 Democratic

00:13:46.660 Senate

00:13:47.140 with a

00:13:47.960 play me

00:13:48.720 or trade

00:13:49.140 me

00:13:49.400 which

00:13:49.840 they need

00:13:50.380 seven votes

00:13:51.000 on the Senate

00:13:51.440 side

00:13:51.860 in order

00:13:52.300 to get

00:13:52.540 this done

00:13:52.900 otherwise

00:13:53.200 we've got

00:13:53.680 a government

00:13:54.040 shutdown

00:13:54.520 yet another

00:13:55.200 one

00:13:55.400 what is your

00:13:57.720 I think

00:13:58.320 it's interesting

00:13:58.840 I think

00:13:59.200 the Democrats

00:13:59.700 have to make

00:14:00.260 a decision

00:14:00.740 of whether

00:14:01.300 they think

00:14:01.940 it's better

00:14:02.860 to keep it

00:14:03.380 going

00:14:03.740 and keep

00:14:04.220 the resistance

00:14:04.820 they've got

00:14:05.540 in the

00:14:06.080 legislative part

00:14:06.860 but also

00:14:07.240 in the courts

00:14:07.820 or let

00:14:09.440 Elon Musk

00:14:10.240 you know

00:14:10.780 potentially

00:14:11.500 unchain him

00:14:12.460 with the

00:14:13.720 doge groups

00:14:14.340 on who's

00:14:15.240 you know

00:14:15.620 who's a

00:14:16.300 necessary

00:14:16.980 employee

00:14:17.480 versus

00:14:17.820 who's

00:14:18.120 an unnecessary

00:14:18.640 employee

00:14:19.120 I think

00:14:19.460 it's the

00:14:19.760 first time

00:14:20.220 because

00:14:20.400 traditionally

00:14:20.860 the Democrats

00:14:22.320 have always

00:14:22.780 been for

00:14:23.360 keeping the

00:14:24.160 government

00:14:24.420 open

00:14:24.840 I think

00:14:25.560 they put

00:14:25.860 them in

00:14:26.040 a real

00:14:26.340 conjuring

00:14:26.780 and I

00:14:27.040 think

00:14:27.160 this is

00:14:27.520 Johnson's

00:14:28.220 it's going

00:14:28.820 to be

00:14:29.040 high stakes

00:14:29.520 poker

00:14:29.900 I think

00:14:30.220 this afternoon

00:14:30.700 but people

00:14:31.200 should understand

00:14:31.740 this is a

00:14:32.360 this is a

00:14:33.340 bitter pill

00:14:33.880 to swallow

00:14:34.440 for us

00:14:35.660 because we

00:14:36.000 have argued

00:14:36.520 this is a

00:14:36.900 whole reason

00:14:37.240 Kevin McCarthy

00:14:38.000 a guy

00:14:38.520 you know

00:14:38.920 very well

00:14:39.300 from California

00:14:39.980 we got

00:14:40.920 turfed at

00:14:41.420 his speaker

00:14:41.960 it was all

00:14:42.700 over

00:14:42.980 it was the

00:14:43.640 deal he

00:14:44.060 cut with

00:14:44.500 Biden

00:14:44.920 that gave

00:14:45.760 President

00:14:46.240 Biden

00:14:46.700 two years

00:14:47.700 and unlimited

00:14:48.360 no debt

00:14:48.920 ceiling

00:14:49.320 to spend

00:14:50.820 and run up

00:14:51.540 and McCarthy

00:14:52.240 then didn't

00:14:52.900 deliver on the

00:14:53.420 single subject

00:14:54.160 appropriations bills

00:14:56.320 and he got

00:14:56.980 turfed out

00:14:57.540 so your

00:14:58.560 audience

00:14:59.320 understand

00:14:59.760 these are

00:15:00.260 huge fights

00:15:01.140 on our side

00:15:01.720 of the football

00:15:02.200 all the time

00:15:02.840 about spending

00:15:03.460 there's a type

00:15:07.040 of soil

00:15:07.620 in Mississippi

00:15:08.300 called

00:15:08.980 yazoo clay

00:15:09.760 it's thick

00:15:11.080 burnt orange

00:15:12.240 and it's got

00:15:13.340 a reputation

00:15:14.020 it's terrible

00:15:15.000 terrible dirt

00:15:15.840 yazoo clay

00:15:16.780 eats everything

00:15:17.920 so things

00:15:18.980 that get buried

00:15:19.600 there

00:15:19.960 tend to stay

00:15:20.880 buried

00:15:21.260 until

00:15:22.060 they're not

00:15:23.220 in 2012

00:15:24.280 construction crews

00:15:25.560 at Mississippi's

00:15:26.520 biggest hospital

00:15:27.520 made a shocking

00:15:28.620 discovery

00:15:29.460 7,000 bodies

00:15:31.800 out there

00:15:32.580 all former

00:15:33.860 patients

00:15:34.440 of the old

00:15:35.360 state asylum

00:15:36.160 and nobody

00:15:37.240 knew they were

00:15:38.060 there

00:15:38.380 it was my

00:15:38.940 family's

00:15:39.720 mystery

00:15:40.380 but in this

00:15:41.260 corner of the

00:15:41.840 south

00:15:42.120 it's not just

00:15:43.260 the soil

00:15:43.840 that keeps

00:15:44.500 secrets

00:15:45.020 nobody

00:15:45.560 talks about

00:15:46.640 it

00:15:46.800 nobody

00:15:47.060 has any

00:15:47.600 information

00:15:48.200 when you

00:15:48.760 peel back

00:15:49.280 the layers

00:15:49.800 of Mississippi's

00:15:50.700 yazoo clay

00:15:51.360 nothing's ever

00:15:52.600 as simple

00:15:53.080 as you think

00:15:53.780 the story

00:15:54.640 is much

00:15:55.680 more

00:15:56.300 complicated

00:15:57.260 and nuanced

00:15:58.400 than that

00:15:59.400 I'm Larison

00:16:00.280 Campbell

00:16:00.680 listen to

00:16:01.600 under yazoo clay

00:16:02.540 on the

00:16:03.140 iHeartRadio app

00:16:04.140 apple podcast

00:16:05.360 or wherever

00:16:06.400 you get your

00:16:07.380 podcast

00:16:08.020 hi friends

00:16:09.920 Sophia Bush

00:16:11.020 here host

00:16:11.700 of work in

00:16:12.360 progress

00:16:12.880 this week

00:16:13.700 we had such

00:16:14.600 a special

00:16:15.320 guest on

00:16:16.080 the podcast

00:16:16.860 my forever

00:16:18.460 flotus

00:16:19.120 a mentor

00:16:20.340 a friend

00:16:20.980 a wife

00:16:21.520 a mother

00:16:21.960 an author

00:16:22.600 attorney

00:16:23.600 advocate

00:16:24.180 television

00:16:24.820 producer

00:16:25.280 and now

00:16:26.180 she adds

00:16:27.120 podcast host

00:16:28.060 to the list

00:16:28.620 herself

00:16:29.260 friends

00:16:30.380 Michelle Obama

00:16:31.460 is here

00:16:32.100 Sophia

00:16:32.480 I'm beyond

00:16:33.480 thrilled

00:16:33.780 to be able

00:16:34.340 to sit down

00:16:34.940 and chat

00:16:35.360 with you

00:16:35.780 we talk

00:16:36.600 about it

00:16:36.940 all

00:16:37.260 life

00:16:38.060 love

00:16:38.800 motherhood

00:16:39.660 martinis

00:16:40.440 vodka

00:16:41.040 martini

00:16:41.620 dry

00:16:42.320 straight up

00:16:43.000 olives

00:16:43.400 very cold

00:16:45.340 my girl

00:16:46.620 barely any

00:16:47.740 vermouth

00:16:48.220 what's next

00:16:49.120 what she's

00:16:50.140 watching on

00:16:50.720 TV

00:16:51.240 I am a

00:16:51.940 white lotus

00:16:52.420 I am a

00:16:53.740 real housewives

00:16:54.780 person

00:16:55.460 I love

00:16:56.380 the dating

00:16:56.820 shows

00:16:57.520 and tennis

00:16:58.420 I just find

00:16:59.280 that to be

00:17:00.280 a bit

00:17:00.780 meditative

00:17:01.460 you do not

00:17:02.060 want to miss

00:17:02.460 this

00:17:02.840 listen to

00:17:03.380 work in

00:17:03.740 progress

00:17:04.100 on the

00:17:04.640 iHeartRadio

00:17:05.360 app

00:17:05.660 apple

00:17:06.060 podcasts

00:17:06.700 or wherever

00:17:07.320 you get

00:17:07.740 your podcasts

00:17:08.480 the number

00:17:12.820 one hit

00:17:13.440 true crime

00:17:14.000 podcast

00:17:14.600 the girlfriends

00:17:15.200 is back

00:17:16.100 with something

00:17:16.860 new

00:17:17.280 the girlfriends

00:17:18.140 spotlight

00:17:18.780 our first

00:17:20.780 two series

00:17:21.380 introduce you

00:17:22.120 to an

00:17:22.620 incredible

00:17:23.180 gang of

00:17:23.800 women 1.00

00:17:24.080 who teamed

00:17:24.740 up to

00:17:25.180 fight

00:17:25.440 injustice

00:17:26.080 showing

00:17:27.020 just how

00:17:27.520 powerful

00:17:28.000 sisterly

00:17:28.700 solidarity

00:17:29.260 can be

00:17:29.940 we're keeping

00:17:30.800 this mission

00:17:31.340 alive

00:17:31.760 with the

00:17:32.200 girlfriends

00:17:32.600 spotlight

00:17:33.320 each week

00:17:35.040 a different

00:17:35.480 woman sits

00:17:36.100 down with

00:17:36.540 me

00:17:36.880 Anna Sinfield

00:17:37.760 to share

00:17:38.360 their incredible

00:17:39.080 story of

00:17:39.940 triumph over

00:17:40.960 adversity

00:17:41.600 like Luanne 0.95

00:17:42.900 who was raised

00:17:43.700 in a secretive

00:17:44.540 religious community

00:17:45.640 do I want

00:17:46.300 my freedom

00:17:46.820 or do I want

00:17:47.960 my family

00:17:48.540 and found a

00:17:49.540 way to escape

00:17:50.300 when she said

00:17:51.420 you know

00:17:52.080 you can leave

00:17:52.680 right

00:17:52.960 it was a

00:17:53.820 light bulb

00:17:54.360 and now

00:17:55.140 helps other

00:17:55.700 women get 1.00

00:17:56.340 out too

00:17:56.880 I loved

00:17:57.660 my girls

00:17:58.160 I still

00:17:58.900 love my

00:17:59.240 girls 0.98

00:17:59.560 so come

00:18:00.180 and join

00:18:00.480 our girl

00:18:00.880 gang

00:18:01.220 listen to

00:18:04.960 the girlfriend

00:18:05.560 spotlight

00:18:06.120 on the

00:18:06.740 iHeartRadio app

00:18:07.780 apple podcast

00:18:08.740 or wherever

00:18:09.440 you get your

00:18:10.160 podcasts

00:18:10.780 hey I'm

00:18:17.980 Jay Shetty

00:18:18.560 and if you've

00:18:19.620 ever felt the

00:18:20.300 weight of

00:18:20.840 letting go

00:18:21.480 of people

00:18:22.540 past versions

00:18:23.460 of yourself

00:18:24.100 or the

00:18:24.980 expectations

00:18:25.680 placed on

00:18:26.460 you

00:18:26.740 this episode

00:18:28.160 is for you

00:18:29.160 Lizzo opens

00:18:30.540 up like never

00:18:31.300 before about

00:18:32.160 self-love

00:18:32.900 transformation

00:18:33.800 and finding

00:18:35.140 real peace

00:18:36.000 in a world

00:18:36.940 that constantly

00:18:37.780 tries to define

00:18:38.860 you

00:18:39.160 it's not me

00:18:39.980 anymore

00:18:40.380 whoever Lizzo

00:18:41.200 is to the

00:18:41.700 world is not

00:18:42.280 really even

00:18:42.760 me

00:18:43.040 and that

00:18:43.660 disconnect

00:18:44.080 is depressing

00:18:45.020 the grammy

00:18:47.360 goes to

00:18:48.020 Lizzo

00:18:49.100 I think it's

00:18:52.260 also hard

00:18:52.820 when the

00:18:53.600 things that

00:18:53.980 you stand

00:18:54.420 for are

00:18:55.200 the same

00:18:55.580 things that

00:18:56.140 you're being

00:18:56.400 scrutinized

00:18:56.860 for

00:18:57.020 the weight

00:18:57.660 that is no

00:18:58.680 longer on

00:18:59.300 me is not

00:19:00.100 just fat

00:19:01.260 or physical

00:19:01.800 I released

00:19:02.800 so much

00:19:04.660 to get to

00:19:05.400 this point

00:19:05.880 and to be

00:19:06.480 honest with

00:19:06.940 you I don't

00:19:07.380 feel like I've

00:19:07.860 expressed myself

00:19:08.720 fully in the

00:19:09.820 last two years

00:19:10.620 listen to On

00:19:11.580 Purpose with

00:19:12.200 Jay Shetty

00:19:12.740 on the

00:19:13.360 iHeartRadio

00:19:14.160 app

00:19:14.460 Apple Podcasts

00:19:15.660 or wherever

00:19:16.020 you get

00:19:16.480 your podcasts

00:19:17.300 so locking

00:19:20.720 in the

00:19:21.460 Biden era

00:19:22.300 budget or

00:19:22.940 at least

00:19:23.180 extending it

00:19:23.840 and kicking

00:19:24.220 it out

00:19:24.540 it's the

00:19:24.840 last thing

00:19:25.220 I expected

00:19:25.840 to see

00:19:26.840 coming from

00:19:27.520 you know

00:19:28.300 your side

00:19:28.960 of the aisle

00:19:29.500 or at least

00:19:29.900 the mega

00:19:30.260 movement

00:19:30.560 but also

00:19:31.280 just even

00:19:31.960 you saying

00:19:32.400 something

00:19:32.640 complimentary

00:19:33.160 about

00:19:33.500 Speaker

00:19:33.820 Johnson

00:19:34.200 you've

00:19:34.480 been pretty

00:19:34.780 critical

00:19:35.220 I've been

00:19:36.140 very critical

00:19:36.760 up until

00:19:39.160 today

00:19:39.420 I've been

00:19:39.620 very critical

00:19:40.160 about

00:19:40.480 we're in

00:19:41.300 this job

00:19:41.780 because of

00:19:42.680 over promising

00:19:43.880 and underperforming

00:19:44.960 and I think

00:19:45.500 you got to

00:19:45.820 in leadership

00:19:46.440 I think

00:19:47.460 now

00:19:47.820 and I think

00:19:48.320 it's a long

00:19:48.760 way from him

00:19:49.240 being out of

00:19:49.640 the woods

00:19:50.020 is that

00:19:50.500 now because

00:19:51.440 you got

00:19:51.760 you got

00:19:52.140 only

00:19:52.380 he's got

00:19:53.660 six months

00:19:54.400 now

00:19:55.000 he's got

00:19:55.500 to deliver

00:19:55.960 like a real

00:19:56.660 budget

00:19:57.020 with real

00:19:57.500 cuts

00:19:57.740 because

00:19:57.920 just back

00:19:59.040 for your

00:19:59.260 audience

00:19:59.540 the Doge

00:20:00.920 effort

00:20:01.220 is waste

00:20:01.700 fraud

00:20:01.900 and abuse

00:20:02.340 okay

00:20:02.900 they're kind

00:20:03.300 of like

00:20:03.540 shock

00:20:03.860 troops

00:20:04.180 or special

00:20:04.620 forces

00:20:05.000 and people

00:20:05.560 can either

00:20:05.880 say they're

00:20:06.260 great

00:20:06.540 or whatever

00:20:06.940 I would

00:20:07.680 like to

00:20:08.040 see a

00:20:08.440 little more

00:20:08.920 definition

00:20:10.060 of what

00:20:10.400 they've

00:20:10.620 actually

00:20:10.880 found

00:20:11.340 okay

00:20:11.740 all of

00:20:12.860 us

00:20:13.040 transparency

00:20:15.260 I agree

00:20:15.920 with more

00:20:16.320 transparency

00:20:17.180 but I think

00:20:18.140 but that

00:20:19.160 doesn't to

00:20:19.740 me get

00:20:20.140 to the

00:20:20.500 meat of

00:20:22.200 it

00:20:22.300 because I

00:20:22.600 think

00:20:22.800 you're

00:20:22.960 going to

00:20:23.120 have to

00:20:23.360 have

00:20:23.540 programmatic

00:20:24.180 cuts

00:20:24.500 and I've

00:20:25.220 been a

00:20:25.480 big

00:20:25.640 proponent

00:20:26.160 that those

00:20:26.980 programmatic

00:20:27.560 cuts have

00:20:27.940 to start

00:20:28.280 in the

00:20:28.440 defense

00:20:28.760 department

00:20:29.340 I was

00:20:29.820 a naval

00:20:30.180 officer

00:20:30.520 for eight

00:20:31.580 years

00:20:31.740 my daughter

00:20:32.120 went to

00:20:32.420 West Point

00:20:32.740 I'm not

00:20:33.300 a dove

00:20:33.820 but I

00:20:34.620 think I've

00:20:35.160 been a

00:20:35.420 big critic

00:20:36.260 of the

00:20:36.620 we're at

00:20:37.860 a trillion

00:20:38.200 dollars now

00:20:38.900 and that's

00:20:39.640 one of the

00:20:39.920 reasons of

00:20:40.380 this post-war

00:20:41.020 international

00:20:41.520 rules-based

00:20:42.100 order

00:20:42.420 we just

00:20:43.260 can't

00:20:43.520 continue

00:20:43.840 on with

00:20:44.540 NATO

00:20:44.800 we got

00:20:45.220 to have

00:20:45.440 allies

00:20:45.960 that really

00:20:46.300 pitch in

00:20:46.720 here

00:20:47.000 but you

00:20:47.680 got to

00:20:47.920 start in

00:20:48.180 the

00:20:48.280 defense

00:20:48.580 department

00:20:48.840 program

00:20:49.260 you have

00:20:49.720 to do

00:20:49.940 programs

00:20:50.420 and billets

00:20:50.880 to get

00:20:51.260 the budget

00:20:52.460 deficit

00:20:52.920 to three

00:20:53.740 and a half

00:20:54.060 percent of

00:20:54.440 GDP

00:20:54.780 roughly under

00:20:55.640 a trillion

00:20:56.020 dollars

00:20:56.560 so that

00:20:57.280 we can

00:20:57.640 start

00:20:58.080 somehow

00:20:58.960 we can

00:20:59.940 begin to

00:21:00.400 finance this

00:21:00.940 because right

00:21:02.740 inflation

00:21:03.140 you know

00:21:03.780 Biden

00:21:04.100 they just

00:21:05.960 restated their

00:21:06.620 numbers from

00:21:07.400 the fourth

00:21:07.740 quarter

00:21:08.020 and traditionally

00:21:09.420 the Biden

00:21:09.960 thing has

00:21:10.520 always been

00:21:10.900 the labor

00:21:11.320 number has

00:21:11.700 always been

00:21:12.020 different

00:21:12.360 right

00:21:12.620 it's been

00:21:13.040 you know

00:21:13.580 one thing

00:21:14.200 and we've

00:21:14.900 criticized that

00:21:15.560 for a long

00:21:15.900 time

00:21:16.120 this one

00:21:16.580 the shocker

00:21:17.280 and I

00:21:18.300 don't think

00:21:18.900 that and

00:21:19.700 I've said

00:21:20.060 this that

00:21:20.460 the guys

00:21:20.900 on the

00:21:21.100 economic

00:21:21.520 team did

00:21:21.960 enough

00:21:22.300 for President

00:21:23.020 Trump

00:21:23.220 pushing

00:21:23.600 this

00:21:23.860 the inflation

00:21:24.860 number

00:21:25.200 went from

00:21:25.560 2.2%

00:21:26.400 to 4.2%

00:21:27.420 and it

00:21:28.220 really didn't

00:21:28.680 even get

00:21:29.020 mentioned in

00:21:29.540 the business

00:21:29.940 press and

00:21:30.300 I said

00:21:30.580 that shows

00:21:31.280 you the

00:21:32.100 underlying

00:21:32.740 burning

00:21:33.120 inflation

00:21:33.580 the reason

00:21:34.100 that is

00:21:34.520 you have

00:21:35.540 to finance

00:21:36.040 now

00:21:36.340 essentially

00:21:37.280 a third

00:21:37.920 of the

00:21:38.280 debt

00:21:38.580 every year

00:21:39.660 so you're

00:21:40.060 talking

00:21:40.360 I don't

00:21:40.740 know

00:21:40.900 10-12

00:21:41.580 trillion dollars

00:21:42.220 of government

00:21:42.560 securities

00:21:43.000 you have

00:21:43.420 to sell

00:21:43.860 at higher

00:21:44.660 interest

00:21:45.080 rates

00:21:45.440 that's

00:21:46.260 what's

00:21:46.480 driving

00:21:46.760 inflation

00:21:47.240 plus

00:21:47.600 I think

00:21:48.360 a too

00:21:49.000 loose

00:21:49.340 Federal

00:21:50.120 Reserve

00:21:50.460 so you

00:21:50.820 had both

00:21:51.200 a fiscal

00:21:51.740 overspending

00:21:52.940 and a

00:21:53.320 monetary

00:21:53.700 loose

00:21:54.100 money

00:21:54.440 we've

00:21:55.140 got an

00:21:55.400 inflation

00:21:55.760 problem

00:21:56.300 that's

00:21:57.000 not going

00:21:57.280 to be

00:21:57.440 easily

00:21:57.720 solved

00:21:58.180 the way

00:21:58.800 to solve

00:21:59.320 inflation

00:21:59.840 is you

00:22:00.280 have to

00:22:00.740 cut

00:22:01.080 I believe

00:22:02.300 federal

00:22:03.160 spending

00:22:03.660 dramatically

00:22:04.260 you have

00:22:04.640 a Keynesian

00:22:05.320 kind of

00:22:05.660 stimulus

00:22:06.060 all the

00:22:06.460 time

00:22:06.660 and you

00:22:06.820 have to

00:22:07.080 do it

00:22:07.360 and that's

00:22:07.980 going to

00:22:08.180 lead to

00:22:08.500 painful

00:22:08.780 conversations

00:22:09.480 it just

00:22:09.940 is because

00:22:10.480 if Doge

00:22:11.540 doesn't find

00:22:12.260 all this

00:22:12.580 waste

00:22:12.800 fraud and

00:22:13.140 abuse

00:22:13.500 right

00:22:14.160 and they're

00:22:14.680 saying now

00:22:15.140 they think

00:22:15.500 they can get

00:22:16.000 a trillion

00:22:16.520 dollars

00:22:17.000 which would

00:22:17.480 cut the

00:22:17.860 deficit

00:22:18.200 in half

00:22:18.760 you can't

00:22:20.840 get a trillion

00:22:21.380 back to

00:22:21.840 your point

00:22:22.140 without

00:22:22.380 significant

00:22:23.180 programmatic

00:22:24.340 cuts

00:22:24.660 and I

00:22:25.180 appreciate

00:22:25.500 the defense

00:22:26.040 frame

00:22:26.400 which is

00:22:27.040 anathema

00:22:27.900 I mean

00:22:28.180 the CR

00:22:28.800 increases

00:22:29.580 the defense

00:22:30.100 spending

00:22:30.520 and locks

00:22:31.560 in a higher

00:22:32.080 rate but you

00:22:33.320 can't get there

00:22:33.880 without cuts

00:22:34.540 to something

00:22:35.280 that you

00:22:36.000 to your

00:22:36.440 credit

00:22:36.780 have said

00:22:37.620 you can't

00:22:38.260 put a

00:22:38.500 quote unquote

00:22:38.900 mean

00:22:39.080 I came

00:22:39.540 out of

00:22:41.280 the Pentagon

00:22:41.620 and this

00:22:42.180 is why

00:22:42.520 I was

00:22:42.880 adamant

00:22:43.240 about

00:22:43.560 Elon Musk

00:22:44.220 what we

00:22:44.540 call

00:22:44.720 crossing

00:22:45.140 the Potomac

00:22:45.800 there's a

00:22:46.480 point in time

00:22:47.020 that people

00:22:47.360 are saying

00:22:47.620 we'll let

00:22:47.920 Pete Hicks

00:22:48.400 handle the

00:22:49.220 Pentagon

00:22:49.500 Elon

00:22:49.920 I said

00:22:50.240 no

00:22:50.480 first off

00:22:52.580 waste

00:22:52.820 of use

00:22:53.380 I think

00:22:53.740 everybody

00:22:54.140 has to

00:22:54.640 get

00:22:54.840 an assessment

00:22:55.520 and not

00:22:56.660 just that

00:22:57.020 the Pentagon

00:22:57.400 has got

00:22:57.740 to step

00:22:58.060 up

00:22:58.240 people

00:22:58.500 have

00:22:58.800 to

00:22:58.960 know

00:22:59.320 that

00:23:00.080 because

00:23:01.400 it's

00:23:01.640 always

00:23:01.820 rumored

00:23:02.340 they can't

00:23:03.520 pass an

00:23:03.920 audit

00:23:04.140 it's

00:23:04.640 2 trillion

00:23:05.200 dollars

00:23:06.160 of assets

00:23:07.100 2 trillion

00:23:07.360 just for 1.00

00:23:07.840 the damn 1.00

00:23:08.280 F-35 1.00

00:23:09.200 which

00:23:09.920 that's

00:23:10.800 programmatically

00:23:11.340 but there's

00:23:11.700 2 trillion

00:23:12.200 on the audit

00:23:12.700 I think

00:23:13.020 there's

00:23:13.220 2 trillion

00:23:13.580 assets

00:23:14.020 they can't

00:23:14.560 put their

00:23:14.840 hands

00:23:15.080 on

00:23:15.380 John Stewart

00:23:16.340 was just

00:23:16.700 lighting up

00:23:17.180 one of the

00:23:17.560 undersecretaries

00:23:18.320 of defense

00:23:18.720 I think

00:23:19.120 a couple

00:23:19.440 weeks ago

00:23:19.880 about this

00:23:20.280 so you

00:23:20.940 have to

00:23:21.240 do that

00:23:21.580 but then

00:23:21.920 programmatically

00:23:22.600 and this

00:23:22.920 is why

00:23:23.300 I think

00:23:23.640 President

00:23:24.000 Trump's

00:23:24.900 hemisphere

00:23:25.380 the shift

00:23:25.880 to hemispheric

00:23:26.500 defense

00:23:27.120 which is

00:23:28.080 from Greenland

00:23:28.840 to the Panama

00:23:29.400 Canal

00:23:29.700 more of a

00:23:30.260 naval strategy

00:23:30.980 in the Pacific

00:23:31.700 it's the

00:23:32.580 three island

00:23:33.180 chains

00:23:33.660 and really

00:23:34.080 the vast

00:23:35.400 desert

00:23:35.940 of the Pacific

00:23:36.580 is really

00:23:37.180 the American

00:23:38.160 heartland

00:23:38.700 that's our

00:23:39.100 defensive barrier

00:23:39.860 that to me

00:23:40.660 should restructure

00:23:41.500 the entire

00:23:42.340 Pentagon

00:23:43.180 and armed

00:23:43.680 forces

00:23:44.060 to force

00:23:44.980 structure

00:23:45.360 around that

00:23:45.980 I think

00:23:46.780 Pete Hex

00:23:47.240 has got

00:23:47.560 to move

00:23:47.820 immediately

00:23:48.140 I think

00:23:48.600 there should

00:23:48.920 be significant

00:23:49.800 cuts to the

00:23:50.860 Defense Department

00:23:51.540 and then that

00:23:52.300 would give you

00:23:52.940 the political

00:23:53.520 cover

00:23:54.000 to then say

00:23:55.220 on Medicaid

00:23:55.780 you know

00:23:56.620 we got to be

00:23:57.160 sensible here

00:23:57.840 we right now

00:23:58.740 with the economic

00:23:59.340 distress

00:23:59.700 there's a lot

00:24:00.660 of MAGA

00:24:01.060 on Medicaid

00:24:02.040 and overwhelming

00:24:04.020 opposition to

00:24:04.980 cutting it

00:24:05.400 from Republicans

00:24:06.420 and I think

00:24:07.080 by you know

00:24:07.620 the illegal

00:24:08.000 aliens

00:24:08.500 and obviously 0.87

00:24:10.520 the waste

00:24:10.900 fraud and

00:24:11.200 abuse

00:24:11.640 and some

00:24:12.380 of the things

00:24:12.780 about you

00:24:13.500 know

00:24:13.680 a block

00:24:14.320 granting it

00:24:14.820 back to a

00:24:15.320 governor like

00:24:15.780 yourself

00:24:16.200 and to

00:24:16.460 California

00:24:17.020 to figure it

00:24:18.320 out

00:24:18.560 has to

00:24:19.220 happen

00:24:19.520 and other

00:24:19.920 social programs

00:24:20.600 this is not

00:24:21.520 going to be

00:24:21.840 painless

00:24:22.240 we've been

00:24:23.620 so out of

00:24:24.220 control

00:24:24.700 and it's

00:24:25.780 both parties

00:24:26.500 the Republican

00:24:27.560 Party has been

00:24:28.140 controlled opposition

00:24:28.960 they have not

00:24:29.680 had these tough

00:24:30.320 fights

00:24:30.640 that's the

00:24:31.840 tough fights

00:24:32.300 we're going

00:24:32.520 to have to

00:24:32.920 have

00:24:33.060 and to be

00:24:33.820 fair so people

00:24:34.400 understand

00:24:34.780 and it's

00:24:35.160 it's not an

00:24:35.760 indictment to

00:24:36.320 your point

00:24:36.620 about both

00:24:37.060 parties

00:24:37.340 but you know

00:24:38.140 another 8.4

00:24:39.320 trillion dollars

00:24:39.980 went to the

00:24:40.480 debt under

00:24:41.160 Trump administration

00:24:42.020 and to be

00:24:42.500 fair COVID

00:24:43.260 had a huge

00:24:43.660 part of that

00:24:44.040 but it's

00:24:44.300 3 trillion

00:24:44.880 even before

00:24:45.700 COVID hit

00:24:46.360 to your point

00:24:47.300 and I remember

00:24:47.840 talking by the

00:24:48.500 way you'll

00:24:48.880 appreciate this

00:24:49.400 Steve I

00:24:50.000 remember being

00:24:50.480 in Marine

00:24:50.900 One talking

00:24:51.840 to Trump

00:24:52.300 President Trump

00:24:53.080 about the

00:24:53.860 issue of the

00:24:54.240 deficit and he

00:24:54.880 literally looks

00:24:55.380 at me and

00:24:56.100 he goes like

00:24:56.620 this with his

00:24:57.300 hands and he

00:24:58.620 said printing

00:24:59.240 press printing

00:25:00.020 press and

00:25:01.000 literally dismissed

00:25:01.780 he was kidding

00:25:02.460 he was kidding

00:25:03.380 well I'm not

00:25:04.240 the way he

00:25:05.000 governed the

00:25:05.440 first four years

00:25:06.180 I'm not sure

00:25:06.680 he was

00:25:07.000 by the way

00:25:07.680 the first

00:25:08.040 couple of

00:25:08.400 years the

00:25:08.860 first couple

00:25:09.240 of years

00:25:09.540 the deficits

00:25:10.120 were under

00:25:10.700 I think

00:25:11.100 four or five

00:25:11.800 hundred billion

00:25:12.220 dollars we

00:25:12.680 came very

00:25:13.120 close to

00:25:13.600 actually trying

00:25:14.200 to balance

00:25:14.640 it if we

00:25:15.280 went back

00:25:15.760 to pre-COVID

00:25:16.380 spending I

00:25:17.020 mean Scott

00:25:17.500 Besson says

00:25:18.100 this all the

00:25:18.520 time we

00:25:19.580 don't have

00:25:20.180 a revenue

00:25:20.720 problem and

00:25:21.620 this is where

00:25:22.040 everybody would

00:25:22.380 think about

00:25:22.760 having to

00:25:23.100 increase your

00:25:23.700 taxes we

00:25:24.920 have a

00:25:25.120 spending

00:25:25.360 problem I

00:25:26.140 mean post

00:25:26.620 COVID we've

00:25:27.260 had explosion

00:25:27.840 of some of

00:25:28.220 these programs

00:25:28.760 I think

00:25:29.140 you've got

00:25:29.400 to get

00:25:29.640 your arms

00:25:30.020 around them

00:25:30.360 but once

00:25:31.060 again these

00:25:32.220 are going to

00:25:32.460 be huge

00:25:32.840 fights and

00:25:33.300 they're not

00:25:33.580 going to be

00:25:33.860 painless what

00:25:34.380 I like about

00:25:35.100 Johnson today

00:25:35.740 for the first

00:25:36.320 time because I

00:25:37.440 think he's

00:25:37.840 tapped us along

00:25:38.520 and over

00:25:38.840 promise and

00:25:39.440 now we're in

00:25:39.800 a situation

00:25:40.420 that you know

00:25:41.880 we have to do

00:25:42.680 a CR which

00:25:43.280 we hate if

00:25:44.480 you think that

00:25:45.960 the MAGA base

00:25:46.980 and our show

00:25:48.060 we represent the

00:25:48.880 hardest core of

00:25:49.500 the hardcore if

00:25:50.520 you think we

00:25:51.080 like sitting

00:25:51.560 here and

00:25:52.760 basically not

00:25:53.600 lighting up the

00:25:54.140 phones and

00:25:54.780 accepting Joe

00:25:56.080 Biden and

00:25:56.560 Kamala Harris's

00:25:57.360 budget is

00:25:58.200 it's a tough

00:25:59.300 pill it's a

00:25:59.960 hell of a

00:26:00.340 thing I mean

00:26:00.860 I'm enjoying

00:26:01.360 watching this in

00:26:02.180 some respects

00:26:02.820 what I liked

00:26:04.140 about what I

00:26:04.680 liked about him

00:26:05.360 he's voting

00:26:06.160 and going home

00:26:06.840 he's gonna put

00:26:07.560 it right on the

00:26:08.080 Democrats about

00:26:08.940 shutting down the

00:26:09.560 government or not

00:26:10.100 and I think you're

00:26:10.700 gonna have a real

00:26:11.360 firestorm in the

00:26:12.540 Senate and I

00:26:13.760 think a fascinating

00:26:14.500 debate about the

00:26:16.120 direction of the

00:26:16.740 country and I

00:26:17.300 think we're gonna

00:26:17.700 see that I think

00:26:18.500 we're gonna see

00:26:18.920 that coming I

00:26:19.500 think you'll see

00:26:19.880 voices like

00:26:20.520 Fetterman and

00:26:21.080 others start to

00:26:22.380 step up and

00:26:22.920 take a much more

00:26:23.560 prominent role in

00:26:24.940 Democratic Party

00:26:25.520 because one thing I

00:26:26.280 keep saying all the

00:26:26.920 time if you'd

00:26:27.480 watch MSNBC and

00:26:28.560 CNN you never

00:26:29.980 really see the

00:26:30.620 populist on the

00:26:31.820 economic side you

00:26:33.360 don't see the

00:26:33.880 Roquehannes getting 1.00

00:26:34.720 the time you don't

00:26:35.480 see Fetterman really

00:26:36.400 getting the time

00:26:37.020 Sherrod Brown and

00:26:37.780 Sherrod didn't want

00:26:38.320 to do national TV

00:26:39.280 but you never see

00:26:40.820 really the economic

00:26:41.740 power populist ever

00:26:43.540 really get they kind

00:26:44.760 of roll out Bernie

00:26:45.440 Sanders who I'm not a

00:26:46.640 fan of but they

00:26:47.980 don't really ever get

00:26:48.780 to the other guys I

00:26:49.680 think that's all

00:26:50.400 going to become quite

00:26:51.460 different in the in

00:26:52.380 the days and weeks

00:26:53.080 ahead.

00:26:53.340 Well I think Steve

00:26:54.020 just you know

00:26:54.580 listening to those of

00:26:55.400 you that may have

00:26:56.640 some familiarity to

00:26:57.560 you but never have

00:26:58.580 taken the time to

00:26:59.340 actually listen to you

00:27:00.580 or tune into the

00:27:01.760 war room I mean the

00:27:03.000 idea that you're even

00:27:04.140 talking about the

00:27:05.180 corporate tax rate and

00:27:06.260 the tax rate for the

00:27:07.840 wealthiest among us and

00:27:10.020 having I mean the fact

00:27:11.580 that you're having this

00:27:12.520 we're having this

00:27:13.120 dialogue about your

00:27:14.460 different approach I

00:27:15.220 mean in some ways it's

00:27:16.000 the California tax

00:27:16.960 policy as it relates to

00:27:18.360 more progressive tax

00:27:19.360 policy that favors the

00:27:20.940 working class that 0.72

00:27:22.040 we would never take

00:27:22.840 it we would never

00:27:23.520 take anything from

00:27:24.340 California I understand

00:27:25.280 I'm just I'm

00:27:26.200 challenging you on the

00:27:27.220 point but the

00:27:28.220 California but

00:27:29.180 you're over you're

00:27:30.560 grossly overtaxed in

00:27:31.740 California we want to

00:27:32.660 cut we have we have

00:27:34.620 moderate income taxes

00:27:36.380 for middle class

00:27:37.180 working folks it's the

00:27:38.200 top tax rate which

00:27:39.760 you're arguing for a

00:27:41.160 little higher tax rate

00:27:42.180 which I appreciate in

00:27:43.100 the corporate tax side

00:27:44.060 I don't know if it's

00:27:45.400 completely dissimilar I

00:27:46.520 don't want to get you

00:27:47.000 in trouble but on the

00:27:48.020 issue of tariffs I want

00:27:48.940 to go back to that

00:27:49.620 because you're a big

00:27:51.000 you know you're a big

00:27:51.940 supporter of tariffs I

00:27:53.280 mean right now this you

00:27:54.440 know this tit for tat

00:27:55.600 what's going on in

00:27:56.580 Ontario we we doubled

00:27:57.940 another 25 percent uh

00:27:59.940 back to aluminum and

00:28:01.040 steel up in Canada uh

00:28:02.580 we're already seeing

00:28:03.300 the I think we're

00:28:03.720 increasing I think

00:28:04.440 we're increasing

00:28:04.780 aluminum still I think

00:28:06.300 he said today a hundred

00:28:07.260 percent is it going a

00:28:08.480 hundred it was a

00:28:09.020 20 there was another

00:28:10.040 truth so I think it

00:28:11.160 was a true social not

00:28:12.420 that's tit for tat but

00:28:13.540 there was a true social

00:28:14.480 right before I came

00:28:15.380 along I think there

00:28:16.040 were a hundred

00:28:16.640 literally a hundred

00:28:17.840 true social posts uh

00:28:19.560 and I you know with

00:28:20.500 respect on tarot policy

00:28:22.300 it seems a little

00:28:22.960 chaotic there's no

00:28:24.280 stability the markets

00:28:25.300 are reflecting that I

00:28:26.280 used to say the most

00:28:27.660 powerful force in the

00:28:28.560 world was mother

00:28:29.660 nature now I say the

00:28:30.760 markets I mean people

00:28:32.100 there's a now you're

00:28:33.100 seeing even well I

00:28:34.360 will tell you session

00:28:35.780 you're saying I will

00:28:36.700 tell you I say this the

00:28:38.500 bond market the bond

00:28:39.720 market more than the

00:28:40.460 stock market the bond

00:28:41.340 market has turfed out

00:28:42.220 more governments than

00:28:43.640 howitzers if you look

00:28:44.760 over the last couple of

00:28:45.660 years Liz trust in

00:28:46.920 England really the 0.94

00:28:48.020 assembly in France

00:28:48.960 under Macron the

00:28:50.200 Germans right the

00:28:51.440 Italians are probably 1.00

00:28:52.440 close to a sovereign

00:28:54.120 debt crisis Spain

00:28:55.440 England's been a couple 0.93

00:28:56.760 of governments even

00:28:57.500 starmers under under

00:28:58.680 real pressure so no

00:28:59.580 the cat global capital

00:29:00.560 markets particularly when

00:29:01.960 you have to borrow this

00:29:02.920 much money the 10-year

00:29:04.520 treasury is you know

00:29:05.660 Bob Rubin used to run

00:29:07.200 the country under

00:29:07.800 Clinton and this is why 1.00

00:29:08.940 Carville said I want to

00:29:09.820 come back as I come

00:29:10.740 back I want to come back

00:29:11.480 as the as a 10-year

00:29:12.600 bond or the bond market

00:29:13.780 those those set that

00:29:15.300 that 10-year bond sets

00:29:16.780 everybody's economic

00:29:17.880 you know underpinnings

00:29:19.280 and so it's very

00:29:19.900 important but I think

00:29:21.020 with President Trump

00:29:21.820 it's it's both a growth

00:29:22.980 strategy and part of his

00:29:24.120 tariffs you know

00:29:24.680 governor it shouldn't be

00:29:25.980 lost that the tariffs

00:29:27.000 have many different

00:29:27.880 aspects to it number

00:29:28.660 one he wants to get

00:29:30.280 back at least somehow

00:29:31.540 back to more of the

00:29:32.780 American plan from

00:29:34.120 Alexander Hamilton

00:29:35.100 McKinley before the

00:29:37.480 early 1900s driven by

00:29:39.120 the earthquake in San

00:29:40.280 Francisco in the fire we

00:29:41.640 had a massive financial

00:29:42.720 panic and that led to 0.65

00:29:44.600 really the internal

00:29:45.280 revenue service and

00:29:46.300 people focusing more on

00:29:47.820 getting off American 0.97

00:29:48.620 domicile companies and

00:29:50.240 American citizens

00:29:51.040 President Trump wants to

00:29:52.360 go back to more

00:29:53.160 external revenue that's

00:29:54.680 part of the tariffs he

00:29:55.480 looks at he looks at the

00:29:56.500 U.S. as a premium

00:29:57.460 market and so you would

00:29:59.240 pay a premium to get

00:30:00.120 access to here like you

00:30:01.720 would get a skybox at a

00:30:03.660 sporting event or sit in

00:30:04.820 the front row of a

00:30:05.560 concert and he's got a

00:30:07.000 but he's got an out if

00:30:08.380 you want an out because

00:30:09.380 the tariffs are going to

00:30:10.100 be substantial right and

00:30:12.600 over particularly in

00:30:13.820 Mexico and Canada so you

00:30:14.940 can't game the system

00:30:15.860 manufacturing and

00:30:17.060 manufacturing wise and

00:30:18.180 against China just look

00:30:19.980 over the last you know

00:30:21.360 he's been there 40 days I

00:30:22.640 think over the last three

00:30:23.840 or four weeks you've had

00:30:25.400 almost a trillion dollars I

00:30:26.600 think it's 800 billion

00:30:27.340 dollars from Honda from

00:30:29.400 from Siemens from Apple

00:30:31.680 it was 500 billion

00:30:32.660 dollars Taiwan a 0.96

00:30:34.000 semiconductor you know

00:30:36.020 with a hundred billion

00:30:37.080 dollars in four years

00:30:38.220 these are massive capital

00:30:41.220 investments in top grade

00:30:42.720 this is not some sovereign

00:30:44.380 wealth fund saying I'm a

00:30:45.380 come in or it's not

00:30:46.000 Masasana it's SoftBank

00:30:47.280 saying I'm going to throw

00:30:48.480 a hundred billion dollars

00:30:49.220 these are companies that

00:30:50.220 are relocating here and a

00:30:52.000 big part of that is the

00:30:53.720 tariffs they say look we

00:30:54.520 want to get into the

00:30:55.120 United States we want to

00:30:55.980 manufacture domestically

00:30:57.620 it's got a logistics

00:30:58.680 supply chain we can

00:31:00.220 control it's got you know

00:31:02.460 it's got the rule of law

00:31:03.500 but most importantly

00:31:04.480 doesn't have tariffs and

00:31:05.440 it's got lower energy

00:31:06.260 costs that's the new

00:31:07.720 economic model and it's

00:31:09.080 going to go through some

00:31:09.780 choppy water to get

00:31:10.700 there so these are just

00:31:11.580 not a 25% tariff on a

00:31:14.540 avocado coming from

00:31:15.820 Mexico or some part

00:31:17.240 under the hood from

00:31:18.640 from Canada it's much

00:31:19.820 more systematic now I

00:31:21.620 understand the way it

00:31:22.520 was rolled out because of

00:31:24.200 the emergency nature of

00:31:25.220 it the focus was on

00:31:26.140 fentanyl on this chemical

00:31:27.200 warfare yeah which is a

00:31:28.640 little a little BS isn't

00:31:30.800 it I mean I you have a

00:31:31.980 larger economic populism

00:31:33.840 frame here let's just be

00:31:35.220 honest with folks it had

00:31:36.260 nothing to do with the

00:31:37.900 you know tyrannical nature

00:31:39.980 of a prime minister or

00:31:41.840 51st governor of

00:31:43.860 Cal of America

00:31:44.900 Justin Trudeau's policies

00:31:47.260 on the board but hold it

00:31:48.640 the Canadians have been 0.99

00:31:50.720 the Canadians are one of

00:31:51.680 the top this is why

00:31:52.340 when you talk about

00:31:53.500 reciprocity on August on

00:31:55.420 April 2nd you're going to

00:31:57.140 have reciprocity in

00:31:58.200 tariffs and in India and

00:31:59.480 Canada is that good you

00:32:00.640 think that's going to go

00:32:01.380 in effect in April you

00:32:02.440 think you mean with all

00:32:03.460 the uncertainty the market

00:32:04.600 uncertainty the Trump

00:32:05.580 slump all of the stress

00:32:06.840 and the anxiety that

00:32:08.040 people are feeling all the

00:32:09.080 doubt I don't call it I

00:32:10.400 don't call it the Trump

00:32:11.100 slump listen I know

00:32:12.160 others I know Warren

00:32:14.100 Buffett Warren Buffett

00:32:15.400 who's a who's a big

00:32:16.240 Democrat and a supporter

00:32:17.460 of many Democratic

00:32:18.240 politicians because you

00:32:19.260 know him very well yeah he

00:32:20.540 went to cash he's sitting

00:32:21.580 on 350 billion dollars in

00:32:23.040 cash yeah a couple months

00:32:24.460 ago I think he realized

00:32:25.700 that a lot of the market

00:32:27.300 particularly equity

00:32:28.160 markets were driven by

00:32:29.440 Nvidia and other the a

00:32:31.440 all this AI first kind of

00:32:33.040 stage there was a lot of

00:32:34.440 fluff in that so I think

00:32:35.920 with President Trump I do

00:32:37.000 think they're coming in

00:32:37.720 because I think he's he's

00:32:38.820 he's changing the

00:32:40.060 geostrategic model of the

00:32:41.400 United States back to a

00:32:42.700 hemispheric defense away

00:32:44.340 from the post-war

00:32:45.180 international rules-based

00:32:46.380 order which is really gut

00:32:47.920 at the United States it was

00:32:48.960 great for a while right

00:32:50.460 it was great 80 years of

00:32:51.940 relative peace and

00:32:52.860 prosperity in America

00:32:54.080 dominated I mean I mean 0.87

00:32:55.520 there's a lot but it got it

00:32:57.080 but it got it the middle

00:32:58.020 class remember in the

00:32:59.360 working class and at the

00:33:00.340 end of the day we had

00:33:01.700 allies that were taking

00:33:02.520 advantage of it let's

00:33:03.860 take give me a second

00:33:05.040 on this if you take the

00:33:06.560 rim of the Eurasian land

00:33:07.720 mass you got Western

00:33:08.560 Europe the the Persian 1.00

00:33:09.900 Gulf the Gulf Emirates

00:33:10.920 Middle East then you've 0.91

00:33:11.740 got the Straits of

00:33:12.920 Malacca the South China

00:33:13.940 Sea and then up to Korea

00:33:15.020 and Japan those four nodes

00:33:16.760 we have commercial

00:33:18.020 relationships trade deals

00:33:19.820 capital markets

00:33:21.640 integration some cultural

00:33:23.660 interface but it's

00:33:24.860 underwritten it's an

00:33:26.040 American security guarantee

00:33:27.220 this is how whether it's

00:33:29.140 NATO or the Middle East 0.82

00:33:30.560 or South China Sea or

00:33:32.420 are up with Japan and 0.64

00:33:33.520 Korea we have combat 0.96

00:33:35.100 troops there we have you

00:33:36.240 know we have 150,000

00:33:37.440 troops deployed today in

00:33:39.600 I think 115 countries

00:33:41.080 this is one of the

00:33:41.800 reasons people talk about

00:33:43.120 foreign aid with USAID

00:33:45.220 which I'm against a lot of

00:33:46.480 this stuff going on but

00:33:47.780 it pales in comparison of

00:33:49.080 what we're underwriting for

00:33:50.460 countries that were

00:33:51.580 upside down on every trade

00:33:52.980 deal our trade deficit in

00:33:54.960 I think in January alone

00:33:56.700 was a record trade deficit

00:33:57.760 I think it was a hundred

00:33:58.420 billion dollars so not

00:34:00.120 just do we have budget

00:34:01.000 deficits we have trade

00:34:02.380 deficits and kind of

00:34:03.280 interstrictly linked because

00:34:04.260 we've gutted all the

00:34:05.180 manufacturing jobs we've

00:34:06.800 all shored those and I 0.98

00:34:08.420 think Trump's geoeconomic

00:34:10.240 strategy is a massive

00:34:11.720 reshoring process and I

00:34:14.220 think you're seeing this

00:34:15.000 now and I might note I

00:34:16.760 don't want to take a cheap

00:34:17.520 shot a lot of those

00:34:19.020 traditionally would go

00:34:19.920 back to California but

00:34:21.440 they're going to Arizona and

00:34:22.720 Texas because I think

00:34:24.320 they're looking at red

00:34:25.060 states now as having

00:34:26.340 lower regulation lower

00:34:28.260 taxes and and people are

00:34:30.160 going there and I think

00:34:30.900 this is going to change a

00:34:32.040 massive the demographic

00:34:33.580 change in the United States

00:34:34.840 as you have Trump's

00:34:35.920 reshoring comeback to the

00:34:37.580 United States and so to be

00:34:39.340 fair I think it's tied to

00:34:40.500 that's tied to getting

00:34:42.440 unwinding the post-war

00:34:44.100 international rules-based

00:34:45.160 order we're going to tell

00:34:46.000 people that hey we're not

00:34:47.380 going to be everywhere kids

00:34:49.000 from California are not

00:34:51.320 going to be on carrier

00:34:52.340 battle groups you know

00:34:53.620 guys deployed from San

00:34:54.900 Diego and kids that live

00:34:56.000 in the Inland Empire are

00:34:57.300 not going to be deployed

00:34:58.180 in the Red Sea with two

00:34:59.780 carrier battle groups that

00:35:00.900 keep the Suez Canal open

00:35:02.320 so that Europe can get you

00:35:04.380 know can get energy

00:35:05.440 resources from the Persian

00:35:06.680 Gulf I think those days

00:35:07.960 are kind of over we'll

00:35:08.880 pick and choose as we as

00:35:10.720 we as we pull back and

00:35:12.480 look at hemispheric

00:35:13.280 defense not retreat from the

00:35:14.460 world not be isolationist

00:35:15.800 but kind of take care of the

00:35:17.500 homeland first and

00:35:18.320 particularly take care of

00:35:19.860 the people in the

00:35:20.520 homeland the working class

00:35:21.680 and in middle class

00:35:23.320 there's a type of soil in

00:35:28.060 Mississippi called Yazoo clay

00:35:30.000 it's thick burnt orange and

00:35:32.980 it's got a reputation it's

00:35:34.860 terrible terrible dirt Yazoo clay 0.99

00:35:37.020 eats everything so things that

00:35:39.380 get buried there tend to stay

00:35:41.100 buried until they're not in

00:35:43.960 2012 construction crews at

00:35:46.060 Mississippi's biggest hospital

00:35:47.760 made a shocking discovery

00:35:49.680 7,000 bodies out there or more

00:35:53.360 all former patients of the old

00:35:55.600 state asylum and nobody knew

00:35:58.000 they were there it was my

00:35:59.160 family's mystery but in this

00:36:01.500 corner of the south it's not

00:36:03.220 just the soil that keeps

00:36:04.740 secrets nobody talks about it

00:36:07.040 nobody has any information when

00:36:08.860 you peel back the layers of

00:36:10.300 Mississippi's Yazoo clay nothing's 1.00

00:36:12.560 ever as simple as you think the

00:36:14.420 story is much more complicated and

00:36:18.060 nuanced than that I'm

00:36:20.180 Larison Campbell listen to under

00:36:22.100 Yazoo clay on the I heart radio app

00:36:24.360 Apple podcast or wherever you get

00:36:27.460 your podcast hi friends Sophia Bush

00:36:31.240 here host of work in progress this

00:36:33.640 week we had such a special guest on

00:36:36.320 the podcast my forever flotus a

00:36:40.040 mentor a friend a wife a mother an

00:36:42.420 author attorney advocate television

00:36:45.040 producer and now she adds podcast

00:36:48.020 host to the list herself friends

00:36:50.620 Michelle Obama is here Sophia I'm

00:36:53.160 beyond thrilled to be able to sit

00:36:54.940 down and chat with you we talk about

00:36:57.040 it all life love motherhood

00:36:59.880 martinis vodka martini dry straight up

00:37:03.240 olives very cold very girl barely any

00:37:08.000 vermouth what's next what she's

00:37:10.360 watching on TV I am a white lotuser I

00:37:13.500 am a real housewives person I love the

00:37:16.780 dating shows and tennis I just find

00:37:19.500 that to be a bit meditative you do

00:37:22.120 not want to miss this listen to work

00:37:23.820 in progress on the I heart radio app

00:37:25.880 Apple podcasts or wherever you get

00:37:27.980 your podcasts

00:37:28.820 the number one hit true crime podcast

00:37:34.780 the girlfriends is back with something

00:37:37.040 new the girlfriend spotlight our first

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00:37:47.680 powerful sisterly solidarity can be 0.56

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00:38:02.660 June who founded an all-female rock band

00:38:05.240 in the 1960s I might as well have said

00:38:08.860 we're gonna walk on the moon but she 1.00

00:38:11.020 sure showed them who's boss and toured

00:38:13.280 the world they would just be gobsmacked

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00:38:25.280 girlfriend spotlight on the I heart radio

00:38:27.460 app Apple podcasts or wherever you get

00:38:30.040 your podcasts

00:38:30.820 hey I'm Jay Shetty and if you've ever felt

00:38:40.240 the weight of letting go of people past

00:38:43.240 versions of yourself or the expectations

00:38:45.840 placed on you this episode is for you

00:38:49.300 Lizzo opens up like never before about

00:38:52.320 self-love transformation and finding real

00:38:55.700 peace in a world that constantly tries to

00:38:58.620 define you it's not me anymore whoever

00:39:00.960 Lizzo is to the world is not really even

00:39:02.920 me and that disconnect is depressing

00:39:05.160 the Grammy goes to Lizzo

00:39:09.200 I think it's also hard when the things

00:39:14.000 that you stand for are the same things

00:39:16.120 that you're being scrutinized for the

00:39:17.340 weight that is no longer on me is not

00:39:20.240 just fat or physical I released so much

00:39:24.800 to get to this point and to be honest

00:39:26.880 with you I don't feel like I've expressed

00:39:28.380 myself fully in the last two years

00:39:30.740 listen to on purpose with Jay Shetty on

00:39:33.320 the I heart radio app Apple podcasts or

00:39:35.960 wherever you get your podcasts

00:39:37.460 I appreciate how you laid all that out

00:39:42.600 what I you know I think there's there's

00:39:44.640 risk in the context of the argument to

00:39:47.860 move into multipolar world and obviously

00:39:50.080 the security umbrellas that will radically

00:39:51.840 reorganize themselves you already seen that

00:39:53.900 with Mertz in Germany in the relationship with

00:39:56.040 obviously Britain and France but also I

00:39:58.440 worry about Japan and South Korea in that 0.91

00:40:00.740 relationship I worry about the nature of

00:40:03.640 our broader influence but I want to step back

00:40:06.040 there was a lot that influenced a lot of

00:40:08.080 those companies you said that are coming

00:40:09.680 back to the United States of America do you

00:40:12.220 not agree that the industrial policies of

00:40:14.760 the Biden administration as it relates to the

00:40:17.180 infrastructure bill aspects of the IRA aspects of

00:40:20.940 the chips and science act were they not

00:40:22.680 determinative from an industrial worker

00:40:25.140 center policy perspective were they not also

00:40:28.920 influential in the decision for people to

00:40:31.700 begin to quote-unquote reshore or make

00:40:33.520 they might have been at the beginning but it

00:40:35.700 was President Trump they announced during

00:40:37.160 President Trump's term if President Trump

00:40:38.960 had not won this election and you just had

00:40:43.240 you don't think those companies no I mean I do

00:40:45.360 know record because there was record

00:40:47.300 investments in coming back during the I think

00:40:50.020 correct me if I'm wrong I think Biden in

00:40:52.940 the entire four years was 1.7 trillion

00:40:54.920 dollars of capital investment back here

00:40:57.140 from I think companies not just private

00:40:59.220 equity from the private sector from the

00:41:01.620 private sector right not just it but I

00:41:03.380 Trump's almost at a trillion dollars in

00:41:05.400 four weeks and these are Apple because they

00:41:08.120 understand that Trump represents a populist

00:41:11.400 nationalist that's only growing and only

00:41:13.760 going to expand right and and people are now

00:41:16.460 focused on this and that's why I think you

00:41:18.460 have Honda you have Siemens you have you

00:41:22.220 know the semiconductor company is huge you

00:41:25.720 know they're the most advanced I would say

00:41:27.360 semiconductor manufacturer in the world the

00:41:29.480 other thing I think it's quite interesting

00:41:30.800 that traditionally our tech area in 128 in

00:41:34.920 Boston and Silicon Valley are built around

00:41:37.420 great engineering schools built around Berkeley

00:41:39.380 and Stanford are built around Harvard and MIT

00:41:41.400 you know when you start relocating to Arizona

00:41:44.500 on something that's both an art and a science

00:41:46.680 like advanced chip design and you know I love

00:41:49.500 Mike Crow at Arizona State he's a buddy of

00:41:51.640 mine University Arizona is a great school I love

00:41:54.240 Arizona they're not exactly MIT or or or Stanford

00:41:58.600 and I think it's showing you that there that the

00:42:01.380 red states have done such a great job Texas

00:42:03.560 being the lead of actually making these

00:42:06.100 amenable to people's needs as companies that

00:42:08.760 they're coming back there and I think it's

00:42:09.940 going to have a huge political impact and a huge

00:42:12.060 demographic but they didn't come uh in Biden

00:42:15.480 Harris and if Kamala Harris won I'm certainly

00:42:18.040 they wouldn't have come because she's still a 1.00

00:42:20.240 globalist that's not prepared to disrupt the

00:42:22.000 global supply chains President Trump's prepared

00:42:23.940 to do that because reshoring they're not going

00:42:26.080 to come back here unless you incentivize them to

00:42:29.260 come back here and part of that's a carrot which is

00:42:32.000 what uh well that was what the IRA was that's

00:42:34.460 what the infrastructure chips and science

00:42:36.060 but as you know Trump's Trump's better with a stick

00:42:39.220 and you need a you need a carrot in a stick

00:42:42.340 but don't those same and I appreciate the stick

00:42:44.920 but let's talk about those red states aren't they

00:42:46.680 disproportionately the ones impacted by these

00:42:48.700 tariffs I mean there's to your point there's going

00:42:50.780 to be some tears here and I appreciate the larger

00:42:53.460 geopolitical and what you're trying to argue for

00:42:55.740 ultimately coming out on the other side but this

00:42:57.940 transition is not overnight the transition will

00:43:01.200 come at real cost and consequence let's just be

00:43:04.100 pragmatic up in Minnesota Michigan in New York

00:43:06.940 they're looking at a hundred dollars more a

00:43:08.520 month on electricity bills as it relates to

00:43:11.320 retaliatory nature look that's that's a threat 0.86

00:43:14.040 that's if it goes through some that's just one

00:43:16.300 example I mean every economist looks at the

00:43:19.360 impacts of these tariffs but California will

00:43:22.000 be disproportionately impacted we did this

00:43:24.400 governor we did the most significant tariffs

00:43:26.860 we've ever done on the Chinese Communist Party

00:43:28.780 in President Trump's first term and and and Biden

00:43:32.200 held the line on a lot of this

00:43:33.540 he definitely held the line when number one

00:43:35.980 because I think geopolitically he realized that

00:43:38.500 you know you've got to stand up to the CCP and I

00:43:41.180 think although you wouldn't have remembered you

00:43:43.300 wouldn't have heard it from the media that what

00:43:45.040 President Trump did was a beginning stage of

00:43:47.800 something that had to be done to get the attention

00:43:49.460 of the Chinese Communist Party that you just can't

00:43:51.600 continue to game the system and President Trump

00:43:53.620 went out of his way by May of 19 Lighthizer

00:43:56.840 Navarro had that had that deal that went to

00:43:59.480 every seven of the of the categories they had to

00:44:01.640 resolve to really integrate with the Western economy

00:44:04.280 really the world's economy including the state

00:44:06.560 owned industries and they just tore the deal up

00:44:08.520 and walked away right and said screw you and so 0.96

00:44:10.940 that's when these tariffs and the tariffs didn't 0.91

00:44:12.860 increase prices so when people say they increase

00:44:15.340 prices I don't actually think you have some

00:44:18.480 economists saying theoretically but when we look

00:44:20.380 at practically back to the golden year of 2019

00:44:23.740 you don't actually see it and I think there may be

00:44:26.360 some dislocations uh in the short term but in the

00:44:30.360 intermediate term I think it it's it's really the

00:44:33.440 way you get to the sunlit uplands of really having

00:44:36.080 back to the American plan of remember world-class

00:44:40.780 industrial manufacturing that generates so many other

00:44:43.720 opportunities it's a mutual goal for all of us but

00:44:46.440 industrial policy which I think is missing a little

00:44:49.240 bit from the Trump agenda with targeted tariffs I

00:44:52.660 understand but broad tariffs without an industrial policy

00:44:56.740 to back it up is where I start to lose a little

00:44:59.240 the key is broad sustain if you have broad and

00:45:01.960 sustained tariffs and people can make capital allocation

00:45:05.180 decisions particularly small and medium manufacturers

00:45:07.620 remember in the Chicago area uh I think between 1998 and

00:45:12.940 2005 we lost 5,000 uh small manufacturers and a couple

00:45:18.380 of million jobs because we shipped it all to China and 1.00

00:45:21.080 those guys are begging all the time not these are not the

00:45:23.780 apples and it's not the the the Taiwan manufacturing

00:45:26.780 some of these guys are manufacturing these are small

00:45:28.720 you know these companies employ under 100 people which

00:45:30.980 I think is the lifeblood in fact there's a guy in Laguna

00:45:34.500 Beach John Gardner who's kind of the leader of this effort

00:45:36.900 to bring the small manufacturing uh folks back to more

00:45:40.580 craftsmanship type of uh of uh of manufacturing we have to

00:45:44.500 do that we have to become a manufacturing powerhouse again

00:45:47.420 uh we have to do it quickly and it's gonna no one disagree I

00:45:50.400 mean Wall Street's not gonna love it because they're all

00:45:54.280 neoliberal neocons they want to be they want to be invading

00:45:57.340 everywhere and and they and they they hate populism one of

00:46:01.460 the reasons people should understand is the is the is the is

00:46:04.920 the blowback among the donor class in Wall Street is not just

00:46:09.140 that the they perceive the economics and not to their benefit

00:46:11.960 because they've concentrated you've concentrated wealth so

00:46:14.220 dramatically here since the financial crash of 2008 but they hate the fact

00:46:18.880 and this shows you the democratic party

00:46:21.320 they hate the fact that they're empowering the populist

00:46:24.600 if we start to win on these tariffs so we start to win on bringing these back

00:46:28.780 the the our movement is going to get bigger and bigger and bigger remember

00:46:32.520 we got 39 percent of african-american men

00:46:35.040 i think we first time we've got uh majority or near majority of hispanics

00:46:39.300 because working class people see the opportunities there 1.00

00:46:42.360 and Wall Street understands this and the corporatists understand this man i can't

00:46:46.180 corporate america is my enemy number one they're the leader in the woke

00:46:49.720 movement in this country but they're also the greed and avarice

00:46:52.960 has always been for the leaders in fact the the tax cuts they take and one of the

00:46:57.060 reasons i i i hate allowing them to do stock

00:47:00.180 buybacks is they gain the system there you go drive up stock prices to drive

00:47:04.160 the warrant package and the thing and they don't put in a capital equipment

00:47:07.500 thank you to me if you put page they've got to tell your president that steve

00:47:11.440 you got to tell your president that the president to extend the status quo

00:47:14.860 president knows it's already his tax but why does he go after the carried interest

00:47:18.740 no why is he going after corporate subsidies

00:47:20.920 i'm gonna break some news here governor i believe that one of the leading

00:47:26.140 things you're going to see in president trump's tax bill when it comes out

00:47:29.060 that he's going to take on carried interest and president trump has finally

00:47:31.980 had a bill that's a that's a that's my kind of doge that's 1.3 billion

00:47:35.640 small ball but it's symbolic and substantive what about the three billion

00:47:39.120 dollars in oil gas subsidies i mean that's ultimate corporate welfare

00:47:42.600 what do you mean we've got it we got a drill baby drill we need to get we're

00:47:45.980 already the leading we are 13 and a half billion barrels a million barrels a day

00:47:50.040 we have we need we have to have lower energy costs and one of the reasons all

00:47:53.120 these companies are coming back we're never what we got to do is stop

00:47:56.360 look you see this in germany germany had this maniacal and you and i are not

00:48:01.360 going to agree on this or even close but they had this up this fetish

00:48:04.860 on the well they made a mistake on the net carbon zero

00:48:08.080 they've de-industrialized themselves on the greta thunberg model they're at three 0.98

00:48:13.040 and five percent it was pre-greta thunberg she wasn't even bored but i

00:48:16.680 appreciate your frame no but they did there's de-industrializing germany

00:48:21.120 we don't want that to happen here in the united states no i don't we're on the same

00:48:24.400 page on that it's just how we achieve the goal and by the way

00:48:26.840 100 percent aligned on industrial policy bringing manufacturing back that's

00:48:31.000 worker-centered 100 percent by the way i say that as governor of the largest

00:48:34.440 manufacturing state in america a state that has more corporate headquarters god

00:48:39.400 bless forgive me uh than any other state in america more than we've had in

00:48:42.980 over a decade and that dominates in the innovative space in terms of

00:48:47.540 scientists engineers researchers hang on but hang on you've allowed

00:48:50.720 but hang on a second hang on a second you've also allowed

00:48:54.400 and this you've also allowed the oligarchy of silicon valley well let's talk

00:48:58.920 about silicon valley silicon valley is an apartheid state all right okay within 0.92

00:49:03.140 within you you're one of the most progressive

00:49:05.300 leaders in this country right we just we disagree probably on everything on the

00:49:09.500 cultural side but you're you're one of the leaders you're one of the leaders

00:49:12.260 uh elected officials of the most progressive state and you're you know the

00:49:16.480 leader of that element of the democratic party what do you call it techno

00:49:19.620 feudalism and yet no feudalism what do you mean by that exactly well here's what i mean

00:49:24.880 is that two things happen around 2008 to 2010

00:49:29.020 there's a type of soil in mississippi called yazoo clay it's thick burnt orange

00:49:38.580 and it's got a reputation it's terrible terrible dirt yazoo clay eats everything

00:49:44.260 so things that get buried there tend to stay buried until they're not in 2012

00:49:50.600 construction crews at mississippi's biggest hospital made a shocking discovery seven

00:49:56.500 thousand bodies out there or more all former patients of the old state asylum and nobody

00:50:03.580 knew they were there it was my family's mystery but in this corner of the south it's not just

00:50:09.600 the soil that keeps secrets nobody talks about it nobody has any information when you peel back

00:50:15.620 the layers of mississippi's yazoo clay nothing's ever as simple as you think the story is much

00:50:22.020 more complicated and nuanced than that i'm larison campbell listen to under yazoo clay on the

00:50:29.480 iheart radio app apple podcast or wherever you get your podcast hi friends sophia bush here host of work in

00:50:38.700 progress this week we had such a special guest on the podcast my forever flotus a mentor a friend a wife

00:50:47.840 a mother an author attorney advocate television producer and now she adds podcast host to the list 0.74

00:50:54.960 herself friends michelle obama is here sophia i'm beyond thrilled to be able to sit down and chat with

00:51:01.920 we talk about it all life love motherhood martinis vodka martini dry straight up olives

00:51:09.740 very cold my girl barely any vermouth what's next what she's watching on tv i am a white lotuser

00:51:19.040 i am a real housewives person i love the dating shows and tennis i just find that to be a bit

00:51:27.120 meditative you do not want to miss this listen to work in progress on the iheart radio app apple

00:51:32.400 podcasts or wherever you get your podcasts

00:51:34.940 the number one hit true crime podcast the girlfriends is back with something new the

00:51:44.040 girlfriends spotlight our first two series introduced you to an incredible gang of women who teamed up to 1.00

00:51:51.520 fight injustice showing just how powerful sisterly solidarity can be we're keeping this mission alive

00:51:58.060 with the girlfriends spotlight each week a different woman sits down with me anna sinfield to share their 0.94

00:52:04.820 incredible story of triumph over adversity like june who founded an all-female rock band in the 1960s

00:52:13.120 i might as well have said we're gonna walk on the moon but she sure showed them who's boss 1.00

00:52:18.440 and toured the world they would just be gobsmacked and they would rush up after the set and say

00:52:24.760 not bad for chicks so come and join our girl gang listen to the girlfriend spotlight on the 1.00

00:52:32.900 iheart radio app apple podcasts or wherever you get your podcasts

00:52:36.920 hey i'm jay shetty and if you've ever felt the weight of letting go of people past versions of

00:52:49.920 yourself or the expectations placed on you this episode is for you lizzo opens up like never before

00:52:58.000 about self-love transformation and finding real peace in a world that constantly tries to define you

00:53:05.420 it's not me anymore whoever lizzo is to the world is not really even me and that disconnect is

00:53:10.720 depressing the grammy goes to lizzo

00:53:15.180 i think it's also hard when the things that you stand for are the same things that you're being

00:53:22.660 scrutinized for the weight that is no longer on me is not just fat or physical i released so much

00:53:30.920 to get to this point and to be honest with you i don't feel like i've expressed myself fully in

00:53:35.780 the last two years listen to on purpose with jay shetty on the iheart radio app apple podcast or

00:53:42.060 wherever you get your podcasts by the way that's sort of the t that's the wall street the bailout

00:53:49.060 well the bailout the financial crash of 2008 and this is why i consider president obama kind of a

00:53:54.180 tragic figure right he came in as an anti-war populace and i am opposed to the war in iraq and

00:53:59.400 everything in afghanistan my daughter served after west point in iraq and i can tell you as a parent

00:54:04.920 you realize that you have no control over anything when your kid goes over for you know defending

00:54:09.620 their country representing their country it's you understand you know how insignificant you are

00:54:14.580 but the financial crash you know geithner and bernanke went to a classic wall street bailout

00:54:20.320 you know we didn't let capitalism you know goldman sachs got bailed out aig no corporate guys ever

00:54:26.220 went to prison on the worst bailout we had the greatest concentration of wealth until the pandemic

00:54:30.620 happened with the one percent because you know the federal reserve's balance sheet went from 880

00:54:35.660 billion dollars to i think four and a half right and and all that liquidity went to bail out real

00:54:41.360 assets and corporate stocks at the same time with obama when they when they you know obama got this

00:54:47.360 heads up kind of thing was on facebook the san francisco airport this briefing about how social

00:54:51.560 media his his weapon to take on the clinton mafia because he was a relatively unknown guy taking on

00:54:58.120 the most embedded political apparatus in the democratic party in modern history and he took it all with using

00:55:04.280 social media that was his his first thing and you there was a deal kind of made a faustian bargain

00:55:09.560 that we wouldn't pursue antitrust we wouldn't pursue ftc or the justice department we would allow

00:55:16.780 the the tech oligarchs in the age of the algorithm the algorithmic age to to basically dominate and

00:55:22.980 and dominate in every one of these these verticals right with no real anti-just antitrust and what we

00:55:28.960 allow them to become the most powerful people on earth uh and and but what proved out is that both on

00:55:35.400 social media with tiktok uh and and then with deep seek in the ai space that the faustian bargain

00:55:43.200 as a hegemon we said just give us the commanding heights and that didn't happen in fact you say

00:55:48.720 it's kind of an utter failure that that the social media is all kind of clunky it's very dominant right

00:55:54.080 but it's clunky compared to tiktok if you look at ai and whether deep seek you think it's a chinese

00:55:59.840 psyop or it's a sputnik moment well it sure as hell it was a disrupter we clearly we clearly you know you

00:56:05.980 don't hear a lot of talking about net carbon zero when this thing needs 10 times more power on the data

00:56:10.420 center side in in in in the in the thing because it's it's kind of brute force computer it has it

00:56:16.380 has resuscitated the nuclear question which is interesting so there's exactly because there's

00:56:20.460 still a commitment they haven't completely thrown out uh fully the commitment to low carbon green

00:56:25.280 growth but your point direction i understand governor don't get there you know because they

00:56:30.640 don't have the power they don't have their business model now for that epic fail what's the

00:56:35.280 and about they've gotten away from capitalism is about markets and profits okay they are now about

00:56:41.260 digital platforms and rent they're rent seekers and they don't believe in even open borders these

00:56:47.300 guys are techno feudalists that you have a digital platform you had kind of digital serfs that that

00:56:52.380 serve that uh and you add it to the ai and what they want to do in advanced ai of cutting out all the

00:56:58.160 you know entry level managerial administrative low tech work we're going to have we're going to have a

00:57:04.840 massive problem about unemployment and they're just on their merry way and here's what just like the

00:57:09.500 lords of easy money on wall street came to the federal reserve and the treasury for a bailout

00:57:14.240 and no working class or middle class people you know this in california got a bailout

00:57:18.640 they paid for the bailout through the taxes what's the first thing silicon valley comes the first thing

00:57:25.720 they come for is we need a new mercury program uh we need a marshall program we need 500 billion

00:57:31.380 dollars and they need to turn over the lawrence livermore weapons lab in california sandia we need

00:57:37.380 to take control of all the national labs and we need a 500 billion dollar bailout because of the

00:57:42.300 sputnik moment so they come back to the taxpayers this way i think these guys are very dangerous uh and

00:57:47.780 it's created in the silicon valley and i understand the beginning there was rationale for this but now

00:57:52.100 it's not and it's got to be and i think you've got to be one of the leaders of it no and of course

00:57:56.180 california is if we're ever to get a control of the oligarchs you as governor and as quite frankly 1.00

00:58:02.920 the leader of that wing of the party have got to work with us to say hey this can't go on any longer

00:58:07.740 we first thing we need is lena khan and i we we got rid of her so i was going to ask you you had

00:58:14.460 someone who was actually starting to deal with some of these issues and then trump threw them out

00:58:18.620 threw her out correct me if i'm wrong governor i don't think kamala harris i don't think lena khan's

00:58:23.560 name ever crossed the lips of kamala harris i don't recall but they never had her back she's

00:58:28.520 the first one to say that they never had her back she's a neo-brandeisian after louis brandeis which

00:58:33.760 always warned against the concentration of private power and also celebrated citizenship which i

00:58:39.880 appreciate active non-inert citizenship exactly human powerful office and he was he was a big believer

00:58:46.040 in human agency and by the way back to the agency with gil slater gil slater's deputy with uh with

00:58:53.460 andrew ferguson also mike davis and and rachel on bovard on the outside we are the most we want to break

00:58:59.900 up in fact you see the the suits right now in northern virginia and dc against google i mean the

00:59:05.100 the hardcore populist wing of the mega movement really wants to target silicon valley to break them up

00:59:10.820 and i look i appreciate that and you've been consistent on that for years and and obviously

00:59:14.920 goes to you know i imagine some of the your your issues with with elon and we haven't even gotten

00:59:20.420 to that and i i know that's all got any issues to have any yeah i know what you called him evil you 0.56

00:59:25.240 called him a racist uh you have a parent parasitic uh illegal alien i think was your exact phrase your 0.79

00:59:33.240 phrase not mine uh though we may share some commonality in terms of concern about what he's doing but

00:59:39.320 that said let me just hold it hang on hang on concern you guys love it see you loved all the

00:59:47.000 oligarchs and particularly elon until they flipped and remember all the rest of these oligarchs were

00:59:52.420 all progressive democrats until 11 p.m they're progressive liberty i would i refer to him as

00:59:58.260 libertarian and i know these guys intimately known him for decades so you know the danger we're dealing

01:00:03.820 with you know but no look but what why doesn't donald trump why doesn't president trump the leader

01:00:09.280 of the movement trumpism uh without trump i don't mean maybe maybe it's maga it's the work you're

01:00:14.520 doing in that populist base but why isn't he pushing back he brings someone in from i think in treasury

01:00:20.720 puts a commerce secretary that only reinforced this first off at treasury i think you're seeing a very

01:00:26.860 smart analysis about mna and about the oligarchs i think look with gil slater andrew ferguson i mean

01:00:33.620 these are one notch down and maybe not as well known as lena khan but they're in the same they're

01:00:38.960 in the same uh they're in the same uh school of thought of neo-brandeisian of this concept of

01:00:44.780 concern about the concentration the tremendous concentration of private power i think in president

01:00:49.620 trump's working through this right now look all these guys just became their damascene moment was

01:00:54.220 11 p.m eastern standard time on the 5th of november when pennsylvania was called for trump

01:00:58.680 once that all of them zuckerberg all these guys they became maga you know zuckerberg zuckerberg

01:01:04.940 started growing the hair working out doing well elon was there a little bit before it seemed elon was

01:01:10.000 there before after he dumped desantis elon i think very smartly this goes back to the precinct and i

01:01:16.320 give him trend his credit he saw the math of what we were doing as grassroots of this precinct strategy

01:01:22.460 canvassing he backed the play i mean and look no one's ever written a 250 million dollar check when

01:01:28.280 they know i think it's more but i but that's just my humble opinion i it may be more eventually i think

01:01:33.600 it's up to 280 but he backed it on the least uh sexy aspect which is backing grassroots going door

01:01:40.420 to door and particularly he would go up and campaign in pennsylvania michigan and wisconsin

01:01:45.120 and forgive me but what's his end game i mean you know i know you i look he wants to be the first

01:01:50.020 trillionaire in the world i mean what's his end game here well you know it you guys you created him

01:01:54.520 a governor i mean you by the way in many respects california did it was our regulatory process

01:02:00.360 and our subsidies to create this market you're 100 right i think you're right about that he left

01:02:05.400 canada to come to california that was as he's you know and then a big and then a big check from the

01:02:11.260 federal government from everybody watching uh that backed his play early on when he was in deep need

01:02:16.520 he paid it back relatively quickly but he's been the beneficiary of billions and billions and

01:02:21.860 billions of dollars 38 loans subsidies 30 38 loans i think so what do you what do you seriously

01:02:28.700 want him to take over the starlink to take over the faa and the air traffic control system here here's

01:02:34.100 what is that here's what listen i i laid out this concept at cpac in 17 that that it was going to be

01:02:40.880 you know um populist economics and economic nationalism america first national security and the third was a

01:02:47.680 deconstruction of the administrative state right what what elon musk has done and i think this is

01:02:52.080 the engineer you know the the better angels of elon that engineer's brain i think it kicked in when

01:02:57.120 he saw the strategy of how we actually win and building a coalition of working class people he

01:03:01.720 supported that in president trump i think now and this is why i think he jumped on it he sees that we

01:03:06.980 have an apparatus and i think you'd be the first to admit the administrative state that's kind of

01:03:11.680 anti-democratic it's there and i don't care if aoc or gavin newsom or bernie sanders walks into the

01:03:17.580 oval office president of the united states the the deep state and the apparatus is going to do what

01:03:22.860 they're going to do they're going to look at you as just passing through no we can we refer to it in

01:03:26.900 in you know in non-pejorative but there's a clay layer of bureaucracy and you're right unaccountable

01:03:31.440 folks making a lot of decisions and i don't think that's wrong but yours is a much more then you know

01:03:36.720 what i just had an idea we should invite elon because you know these guys better your personal

01:03:41.000 friends of these guys elon ought to take a california doge sit down with you so you can

01:03:45.680 get the ground we've been doing it for years but going but going but our approach steve is more like

01:03:50.500 rego we already did this 140 billion dollars of savings on a 1.4 trillion dollar budget that was

01:03:56.840 real savings and we did it the right way not two people with people 400 000 positions under the

01:04:02.700 administration let let your favorite family let elon come out let elon come out and verify that i think

01:04:08.840 for the nation to be good and be good he hasn't done that let's go there's a recklessness to what

01:04:12.680 let's go back let's go back to do what he's trying to do is get the waste fraud and abuse and

01:04:17.560 identified he has identified usaid which people have been working on for years but he's done a

01:04:22.180 good job there the others is 20 billion dollars in city corp you know where it went i think people

01:04:28.060 are going to you know eventually need more details i think he said he's going to provide more

01:04:31.660 details they just went to federal court last night a judge ruled and i love that steve i love that

01:04:36.860 you're defending him now by the way he's been pretty soft on you hang on hang on i'm not he's

01:04:40.920 been he hasn't attacked you back which is interesting to me he's marginally attacked you back you must

01:04:46.280 you'll be i'm curious your private thoughts on that why do you think he he he's a little scared of you

01:04:52.060 isn't he no i don't think elon's i think he is i don't think that's my personal opinion i i i'm just

01:04:57.660 i'm just a mick that yells into a microphone but but governor no here's i think it's important

01:05:03.340 and any and this is why i think let's get back to why president trump won again you have

01:05:09.020 basically working class people middle class and particularly lower down the chains they've seen

01:05:13.420 the bailouts on wall street they've seen the oligarchs be made they they don't think they

01:05:17.880 have agency in a global you know global supply chain they think they're just a cog in the machine

01:05:23.140 that their voice is not heard right they're kind of dismissed culturally they consider and i don't

01:05:27.880 care if you're black hispanic or white working class it's not a race thing it's it's air ethnicity

01:05:32.780 it's you're just dismissed as not being important now with ai coming up they see that even their

01:05:37.880 children that went to college and that in that important 10 years that you get out of school

01:05:42.020 administrative tech managerial are probably not going to be there or be there in some

01:05:46.300 dramatically different way than you came up and your dad came up and my my dad and myself so i think

01:05:52.620 they see that in in the institutions that were supposed to be there to be protective people

01:05:57.900 question and the polling shows this category and that's why i got like trump trump comes up and he

01:06:02.760 says look in dc not in the room not in the deal and i'm going to put you in the room and people feel

01:06:08.980 comfortable that's why they love this kind of days of thunder and every day flood the zone what president

01:06:13.800 trump is doing and president trump and you know because you know him very well he has a visceral

01:06:19.020 connection with working class people that people in politics haven't had you know for generations he

01:06:25.260 just has his work working class and middle class they trust him and they believe in him and he's

01:06:30.220 designated elon i've got a lot of problems with elon and you know that elon knows it but what i do

01:06:35.360 admire is that he is trying to get this situation to get the waste fraud and abuse out i hope it gets

01:06:41.020 to a trillion dollars i'm his biggest supporter of that i don't think we're going to get there no

01:06:45.480 back to your point that's deep programmatic cuts we're going to and we're going to consequence

01:06:49.160 and people this summer and i keep telling people like all these corporate ceos that come to

01:06:54.440 trump to mar-a-lago and in the tech bros and the broligarchs and all of them came to the

01:06:59.220 all of them came to the inauguration they're all partying their tuxes i said this is all great

01:07:03.100 celebratory but we're going to go through a firestorm and i think part of this firestorm is not this cr i

01:07:08.760 think the cr gets kicked down but this summer when you start to go through the programmatic changes

01:07:15.200 that you have to have we have to get control of federal spending if we don't we're never going to

01:07:19.600 get rid of inflation that is going to be the acid test when you talk about defense you're going to

01:07:24.440 have the hawks and a lot of other people in the neocons in your grill when you talk about what has

01:07:28.580 to happen to medicaid you know when you talk about the social programs you talk about snap you talk about

01:07:33.920 these we're about to have a national conversation that we've never had we've never and and there's no

01:07:39.660 easy alternatives all the easy alternatives we left you know a decade or a couple decades ago this is

01:07:46.160 going to get to down to say hey we need to get the deficit to under trillion dollars or like three

01:07:51.120 and a half percent we're never going to people should in this your audience should understand

01:07:54.660 something we will never pay off one penny of the face amount of debt as we increase this now about

01:08:00.680 every hundred days of another trillion dollars a trillion it's just the interest right now it's a

01:08:05.640 the gross interest charge i think is a trillion four which is the way it's got to be looked not net

01:08:10.200 because they kind of take the they take the interest on the bonds we sell ourselves and they net it out

01:08:14.600 which i think is unfair accounting you gotta look at the gross right now it's significantly over the

01:08:20.720 defense department and i would tell people too as we kind of wrap up or get close to wrap up yeah in

01:08:25.060 the history of countries no country's ever come back economically that it's gdp that it's debts above

01:08:31.520 its gdp and we are now at that at that space in additional no nation a national security has ever

01:08:39.200 survived as a major power when the interest payments on their debt go above what they pay

01:08:44.360 for national for national security i don't know the trillion dollars we are now over our net

01:08:50.780 our national security right now is one trillion dollars and we are thinking about a trillion two

01:08:55.600 to a train for an interest payments alone yeah but steve that's why the this tax cuts extending the tax

01:09:01.720 cuts is reckless in this respect i don't i don't i don't agree with that i think if you

01:09:05.880 if you want to have a governor where how do you by definition that substantially increases the problem

01:09:12.180 if you want to have a shot if you want to have a shot to get the three and a half four percent growth

01:09:17.320 you got to have a supply side tax cuts you just and by the way for people it's just keeping the tax

01:09:21.840 cut they have today for for people this is why that's the frame though you want to see it increased

01:09:26.020 on corporations in the one percent i want to see corporations stay i don't want to see a cut

01:09:30.160 but on the upper on the upper brackets i don't want to i don't see extension i want them to go

01:09:36.360 back to the old rates and they have to pay the old rates and then additionally if they can't help us

01:09:40.720 get this under control i'm off for increasing uh taxes on the they they will have a tax increase if

01:09:46.360 president trump doesn't extend it but then i think we'll have another have another tax increase

01:09:50.740 the one percent the top three percent unless they because they control washington dc unless they work

01:09:58.020 together with working class and middle class people to get this spending out of control and 0.52

01:10:02.520 get all the corporate welfare out of this because we hate corporate we hate crony capitalism and

01:10:06.860 corporate welfare except for oil and gas apparently steve that's three billion right there you've got to

01:10:12.340 generate you've got to generate lower energy costs there are exceptions apparently to the rule

01:10:17.120 first off you finally admitted for the first time the net carbon fetish is i didn't admit it i've been

01:10:23.760 i've been pretty pretty clear on on this whole frame but i'm not naive about it but also by the

01:10:29.560 way we're not we're i don't know what more evidence you guys need of mother nature's fury

01:10:34.020 and then we've had in the last year but that's another conversation for another day and that's not

01:10:38.780 fanaticism that's called pragmatism eventually eventually eventually uh you work with roe kahana

01:10:45.100 and fetterman you'll become you'll become more of a populist nationalist and uh then you'll probably

01:10:49.480 have a bright future uh hey steve i really enjoy this conversation i think it's incredibly valuable

01:10:56.920 and and i appreciate the spirit to which we were able to engage and yeah and and i hope we could

01:11:01.940 continue the conversation and and uh and i hope we get out of this week without any further disruptions

01:11:07.240 it's been a hell of a hell of a beginning of administration and and i appreciate uh your your

01:11:12.840 advocacy i also appreciate that you call balls and strikes as it relates to what you're seeing uh with

01:11:17.740 with administration i also think that uh for your audience you know there there's a saying that

01:11:22.440 there are decades in which nothing happens in their weeks in which decades happen we're living in that

01:11:27.580 time right now so whatever happens this week next week it's going to be quite intense we have a mate we

01:11:32.400 have a economy to turn around geo strategically the beginning of the kinetic part of the third world

01:11:36.880 war has got to be stopped so it's we're living history every day and uh i'm just honored you had me on

01:11:43.140 here and uh you know we were able to conduct this in some level of uh of decency i appreciate steve

01:11:50.300 thanks for joining us thank you governor appreciate you

01:11:52.540 in mississippi yazoo clay keeps secrets seven thousand bodies out there or more a forgotten asylum

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01:13:46.280 hey i'm jay shetty this episode lizzo opens up like never before about self-love transformation

01:13:57.720 and finding real peace in a world that constantly tries to define you it's not me anymore whoever

01:14:04.700 lizzo is to the world is not really even me and that disconnect is depressing the grammy goes to

01:14:11.920 lizzo listen to on purpose with jay shetty on the i heart radio app apple podcasts or wherever you get your podcasts

01:14:20.620 is not me and that's where i 유료 weather it's not me yeah

01:14:25.320 good спасибо there remember oh wow

01:14:25.720 you

01:14:26.100 beautiful

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01:14:33.460 y

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01:14:35.200 why

This is Gavin Newsom - March 12, 2025

And, This is Steve Bannon

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