00:02:00.900But I actually want to start with this for a second, if I could, because we're still trying to get to a resolution on Iran, an agreement about what the future will look like.
00:02:12.720This is what Trump put out on Truth Social.
00:02:14.880Iran is having a very hard time figuring out who their leader is.
00:02:20.280The infighting is between the hardliners, who have been losing badly on the battlefield,
00:02:24.980and the moderates, who are not crazy moderate at all, but gaining respect, is crazy.
00:02:31.480We have total control over the Strait of Hormuz.
00:02:34.220No ship can enter or leave without the approval of the United States Navy.0.84
00:02:38.180It is sealed up tight until such time as Iran is able to make a deal.
00:02:42.620thank you for your attention this matter president donald j trump uh they're still
00:02:47.560boarding ships and doing stuff so there's problems still in the straight clay how do we fix this fix
00:02:53.960it clay well i think one of the biggest challenges is just what trump addressed there uh and this is
00:03:00.260why earlier in the week i was saying you know if i were giving him advice maybe don't high step into
00:03:04.860the end zone on negotiation on social media we don't know who's actually able to lead this country
00:03:12.100right now and it seems to me that there is an element of the irgc that wants to be in control
00:03:18.800and then there are more traditional political leadership that has been trying to negotiate
00:03:24.900a deal and i think buck the reason why we didn't have an actual meeting so far and have not had one
00:03:32.380is because iran is kind of in its own internecine power gravel power struggle right now and we're
00:03:41.320not exactly sure who's going to emerge as the as the leader and in the meantime i think this is
00:03:46.500super significant the military of iran has been utterly eviscerated right they don't have an air
00:03:53.040force they don't have a navy they don't really have any sort of ability to fight back in any
00:03:58.660kind of significant way but economically i think this deserves more discussion they are going to
00:04:06.220lose the ability to store the oil that they pump within the next couple of days and a lot of you
00:04:13.600big oil guys and gals out there will understand this but buck for people like me who have to do
00:04:20.120research on this iran has the ability to store a limited amount of oil and gas in its country
00:04:28.460because it's constantly flowing and shipping all of the oil and gas and some of you will remember
00:04:34.760this during covid uh when suddenly the price of oil and gas went negative because there were no
00:04:41.360facilities to store existing oil and gas and so you i think it went to like minus 20 a barrel if
00:04:48.660i remember correctly buck back in the day in the early shutdown days of covid where people started
00:04:53.840to panic and said oh my goodness there is nowhere to put the oil that is arriving because the amount
00:04:59.340that's being used has collapsed, Iran is going to be in even more difficult economic straits
00:05:06.300within a couple of days than they are in military straits.
00:05:10.640And let me also, and I'd be curious, by the way, open phone lines on this,
00:05:14.140because some of you are real oil and gas experts.
00:05:17.600The other part of this buck that I think is significant is evidently when you stop pumping,
00:05:24.520you can do significant damage to your oil and gas infrastructure.
00:05:29.340In other words, it's not just that they have to stop pumping because they have whatever it is, 16 million barrels of oil that they can store without being able to ship it.
00:05:40.520And then after that, they don't have anywhere to put it.
00:05:42.680It's that when you stop the pumps, typically, and again, oil and gas guys, big, big Texas cowboys, y'all can call in and explain this better probably than I can.0.58
00:05:53.820But I don't think the media writ large is really doing a very good job of explaining exactly how destructive economically this blockade that we have put in place is for Iran.0.63
00:06:07.000Now, you can argue, as some will, well, Iran has got a high pressure point, a high degree that they are willing to take.1.00
00:06:16.020That might all be true. But the Iranian economy, in terms of export dollars coming in, remember, they had this initial protest in December and January, Buck, in Iran, where tens of thousands of protesters were killed.
00:06:31.000It wasn't based on religious law. It was based on market based economics because inflation so out of control in the country. I can't even imagine that there really is hardly a functional economy in Iran right now.
00:06:44.220and so i think the pressure point on iran economically is even more significant than
00:06:51.240the pressure point militarily which is saying something so you're not phased by any of this
00:06:55.200at all captain captain clay is like full steam ahead get the cannons ready whatever we got to do
00:07:02.520we shall just go at the enemy uh i'm kind of you know mixing together some of my historical
00:07:08.260favorites here but lord nelson you know what i mean oh yeah you're just like just go right at
00:07:12.840them just uh don't even don't even wait the price of oil and gas has largely stabilized meaning the
00:07:19.800marketplace writ large has gotten used to the Strait of Hormuz being closed it has not gone
00:07:26.100to 200 a barrel there are lots of different conduits through which oil and gas is being
00:07:32.100shipped President Trump has said and this is true the United States is actually bathing the oil and
00:07:38.400gas guys are uh in money because suddenly other countries that typically don't um uh typically
00:07:46.000don't do this uh are uh deciding to buy from the united states and so um i just think a lot of
00:07:54.840people are not recognizing that economically this blockade if anything largely strengthens the
00:08:00.880united states since we are in that exporting country and makes our assets more valuable
00:08:05.560and the stock market's setting record highs so i don't think economically we're struggling at all
00:08:10.480caroline levitt here this is cut 11 she is laying it down very similarly saying look they got this
00:08:18.120that we we have all we need here all the cards play 11 obviously there's a lot of internal
00:08:23.520fraction and internal division which again just proves the effectiveness of operation epic fury
00:08:28.480in the first place their regime and many of its leaders for nearly five decades have been
00:08:33.200wiped off for the face of planet Earth. So again, the president's offering them a little bit of
00:08:37.200flexibility because we want to see a unified proposal to the president's very strong proposal.
00:08:42.420And he's made his red lines very clear. Again, the United States maintains control over this
00:08:47.420situation, leverage over the Iranian regime. Not only have they been significantly weakened and
00:08:52.160obliterated militarily, but they are losing economically and financially every single
00:08:57.320moment that passes with this blockade. So the president is going to continue to lead the free
00:09:01.820world to run the united states of america as we await the iranian response she seems very confident
00:09:09.020that this is all fully in hand for the united states clay so with that in mind i guess the
00:09:14.560the status quo which is a straight that is not really open certainly not open for the iranians
00:09:21.260but also not open because other people don't want to take the risks that continues until iran bleeds
00:09:27.040out enough economically that they're going to come and have some kind of a deal trump is saying
00:09:31.820the problem is the leadership is so fractured internally because we did decapitate their
00:09:36.460leadership that it's tough to even understand who would make that deal so looks like this is going
00:09:42.340to be the situation but i might just add now we're going to be in a game of waiting this is
00:09:48.280going to take some time well look i mean the the challenge is when you decapitate an entire
00:09:55.460country's leadership you lose the ability to know who exactly you're dealing with and we've talked
00:10:01.620about this on the program i think it's very important if you negotiate with the united states
00:10:06.780that is potentially going to get you killed in iran so this is why i i have looked at this
00:10:14.240and read about it and just try to think about it from a game theory perspective a great deal0.87
00:10:18.400I don't see how this ends without us seizing the nuclear dust from Iran.0.99
00:10:25.100And I think we're going to have to go in.0.99
00:10:27.500I think we're going to have to do the cinematic scope scale taking of their nuclear dust.0.82
00:10:34.360And I think we're going to have to bring it back to the United States.0.58
00:10:36.900I don't see how it's going to end in any other way.0.99
00:10:40.420I don't think Iran has the ability militarily to come after us.
00:10:44.100I understand people out there get nervous about this concept.0.98
00:10:47.080but once we have that then i think we could theoretically uh negotiate with them but again
00:10:54.200look i understand it's frustrating that gas prices went from three dollars a gallon to four dollars a
00:10:59.800gallon um and that is frustrating i get it but economically the stock market is hitting record
00:11:07.120highs oil and gas guys in texas are now incentivized to produce even more oil and gas and here's where
00:11:13.480i would say iran may be losing out long run buck now everybody in the middle east is saying let's
00:11:20.160figure out other ways that don't rely on the strait of hormuz to get the oil and gas out of
00:11:26.520the middle east and that's going to be more pipelines that's going to be more cross-country
00:11:31.380cooperation i just think iran is running a game plan that would have made sense in 1985 and maybe
00:11:40.280in 1995 but this is where the united states becoming a net oil and gas exporting country
00:11:47.220why drill baby drill has been so effective the economics of this are just flipped on its head
00:11:52.500and iran thinks it's still 1995 or 1985 and i think what you're seeing the markets react and
00:11:59.460show us is it's really not that impactful honestly like uh they don't have the ability
00:12:07.000to curtail global commerce as much as they thought they did.
00:12:11.540And I think the markets are recognizing that's why we're seeing record highs0.95
00:12:14.880in the United States for the stock market, even as we're engaged in this with Iran.0.61
00:12:19.480And it's also why oil and gas prices have largely stabilized.
00:12:22.860They've even come back a little bit as the shock to the system
00:12:27.300is not as significant as maybe many anticipated.
00:12:32.060Inflation just chips away at the value of the dollar.
00:12:36.480Our dollar has lost 48% of its value in the past 25 years.
00:12:39.640Now, compare that to the value of our other currency, gold.
00:12:42.280It's up more than 700% in the same time period.
00:12:44.940That's why purchasing gold with some portion of the dollars you've made makes a lot of sense.
00:12:49.700Millions of Americans have already done it.
00:12:51.280Over the last 20 years, gold has increased 700% in value.
00:12:55.900So the long-term thesis for gold is strong.
00:12:59.260And if you haven't transferred a portion of your retirement account into gold,
00:13:02.280this is the year to do so, and Birch Gold Group can help you do it.
00:13:05.540birch gold group has just announced their learn and earn precious metals event it's a great
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00:13:22.400you can get even larger incentives as you go the more you learn the more you can earn
00:13:26.320act now as a special event runs only through april 30th text my name buck to 98 98 98 to join
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00:13:40.700Laugh. Learn. Hang with the guys. Right there when you need them most.
00:13:45.420Clay and Buck. Just preset them on the iHeart app.
00:13:48.600Canadian women are looking for more.1.00
00:13:50.660More out of themselves, their businesses, their elected leaders, and the world around them.0.97
00:13:54.620And that's why we're thrilled to introduce the Honest Talk podcast.
00:31:25.440Actually, I'll start you on the happy side for a second before we get into some of these recent incidents that show where the system is still massively failing.
00:31:32.940Just give us the top line hits of how much some of these Trump federal initiatives in places like Memphis, D.C., we've talked about.
00:31:40.700And by the way, anywhere else, where are we seeing, in addition to D.C. and Memphis, if anywhere, really serious decreases in violent crime?
00:31:50.840We're seeing lots of decreases across the country in serious violent crime, particularly homicides, shootings.
00:31:56.400Those are going down in cities across the country.
00:31:59.240Memphis and D.C. are standouts because they were targeted by the federal government with these task forces.
00:32:03.180So you have, you know, a multi-agency task force that has been deployed in all these cities, along with the National Guard, aimed at really keeping public order in streets and, you know, addressing warrant backlogs, as in the case in Memphis, making arrests, just doing good old-fashioned policing in places that need help.
00:32:20.120And when that happens, what you see is the crime goes through the floor.
00:32:22.800So Memphis is seeing more than a 40 percent decline in crime since the Memphis Safe Task Force kicked off last September.
00:32:47.340Memphis has long been one of the most dangerous cities in America.
00:32:50.880I mean, for 20 years straight, it has consistently been one of the most dangerous cities in America.
00:32:55.480What these guys are telling me, I mean, these agents are doing two-week stints in Memphis, right?
00:32:59.020They're getting rotated from around the country, coming in and doing two-week stints.
00:33:02.480The most fascinating thing that they all told me, and a lot of them did service in Minneapolis, was that there was just – it was night and day in terms of what the public's response were.
00:33:12.540They were getting thanked everywhere they went.
00:33:15.040They were getting stopped in the street.
00:33:16.340people were saying how grateful they were to have them and it just it makes you understand just how
00:33:20.920bad the crime what was the deal in minneapolis for them they were just people in minneapolis
00:33:24.960people were yelling at them throwing things at them spitting at them you know standing outside
00:33:29.200their hotels and banging drums and flashing lights into the rooms i mean just basically trying to
00:33:33.560make their lives miserable if they got you know caught while off duty out at a restaurant they
00:33:37.760would get heckled and screamed at unbelievable i mean it was it was wild actually uh there was
00:33:41.840one agent who actually got kidnapped in minneapolis uh you know uh during trying to make a car stop
00:33:47.540the guy took off with him in the car um and he was just like you know it's a much more dangerous
00:33:52.020city in memphis but the fact that we have public support makes this an exponentially more desirable
00:33:57.680um assignment was it a huge deal to you thank you for coming on with us that we set a theoretically
00:34:04.540125 year low on murders last year and i assume we're hopefully trending down even a little bit
00:34:12.200more i know in memphis and dc for example the numbers have collapsed even more compared to last
00:34:17.000year if we really i'm just kind of curious you're a you look at this you follow it all the time
00:34:21.660if we had a true commitment to a goal of driving down murders how low do you think we could drive
00:34:28.820them down and what would that policy need to look like in order to drive them down oh i think
00:34:34.520We could probably get them down another 50 percent if we really committed to it.
00:34:37.820And I think the policy that we would have to enact is really sorry to cut you off.
00:34:41.920That would mean that around 10,000 people, which is a pretty big number, would continue to live if we could drive this down to kind of contextualize for people.
00:34:50.900There's around 20,000 murders a year. So you think we basically could save 10,000 lives?
00:34:56.040Sorry to cut you off, but what would that look like?
00:34:57.860Yeah, yeah. No, I think we can. And the reason I say that is because when you look at the homicide problem that still exists in this country,
00:35:03.080it is consistently characterized by repeat offenders, meaning that the people who are
00:35:07.660committing these offenses are individuals who are running through the system time and again,
00:35:11.180and they're getting turned right back out into the street. That's a policy choice, right? We
00:35:14.740don't have to continue to release these people. So when you see stories of individuals who committed
00:35:19.260some heinous crime, and he's got 10, 20, 30 prior arrests, what that tells you is that the system is
00:35:24.040doing a pretty good job of identifying who the problems are, but the rest of the system isn't
00:35:28.420operating as a backstop to keep that individual off the street if we committed to some kind of
00:35:33.240sort of habitual offender uh enhancement system where you know whether it's three strikes or five
00:35:38.460strikes or ten strikes and you're out and we consistently kept these people off the street
00:35:41.780for a long time that would pay massive dividends you just mentioned that most people who commit
00:35:47.320murders have been arrested many different times do we have a sense for what the profile of a typical
00:35:53.240murderer would look like he i mean no it's a he it's almost typically been arrest how many times
00:35:58.640how old he is i'm gonna let you actually address this we probably my guess would be he's black
00:36:03.920right based on the statistic who is the typical person who commits a murder in the united states
00:36:09.400today because to your point it's not as if we need to be worried about 75 year old asian guys0.83
00:36:14.340right like the window of who commits crimes is what and looks like what right so it's it's normal
00:36:20.260The median homicide offender in the United States is going to be someone who's a black male, mid 20s, maybe late 20s, who's going to have somewhere between 10 and 12 prior arrests in their criminal history.0.67
00:36:31.140Likely multiple convictions and a good chunk of them are going to have an active criminal justice status, meaning that they are currently out on bail, probation or parole or pretrial release of some other kind, if not bail.
00:36:42.840So, again, these are I want to make it clear.
00:36:46.260These are people whose profiles match also the profiles of the homicide victims.
00:36:50.360Right. The homicide victims are coming from these exact same demographic.
00:36:54.960Memphis, it's a lot of young black men. Exactly. Right.
00:36:57.180Been saved. Exactly right. So, you know, it's it's funny because when conservatives talk about, you know, the demographic profiles of criminal offenders, you know, liberals always jump on them and say, well, hey, you're being racist.
00:37:06.180You're playing the race card. You're, you know, playing up these stereotypes or these tropes.
00:37:10.520But the reality is, is that these same profiles are the people who are absorbing the bulk of the crime problem. Right. I mean, if you look at New York City, for example, where we are right now, consistently every single year that we have data for going back to 2008, 95 plus percent of all shooting victims are black or Hispanic. Almost all of them.
00:37:27.120wasn't there recent data that of the shootings in new york as well 300 and something of them
00:37:32.260in the last year uh there were two white or three white shooters over yeah it's a it's a it's a it's
00:37:38.080a super minuscule number right it's like it's it's almost non-existent when you look at the
00:37:42.700perpetrators for for shootings it's like 96 97 98 and rikers island is 90 something percent i know
00:37:49.040that's when i was when i was in the i think by the way this buck what he just building on
00:37:53.060sorry to jump in but if black lives truly did matter to build on your point if we cut the
00:37:59.480murder rate by 50 percent we would actually be saving overwhelming numbers of black lives
00:38:06.200that's something we hit i mean he totally agrees rafael saying this but uh and and that is that
00:38:10.900can i blow your mind with the statistic on you because we've actually already cut the homicide
00:38:14.540rate 50 percent in our recent history right from 1990 to 2014 the homicide rate in this country
00:38:19.720was reduced by 50%. There's a great study looking at the effect of that decline on life expectancy
00:38:25.780broken down by race. That decline added 0.14 years of life expectancy to the average white
00:38:31.720male's life, but it added a full year of life expectancy to the average black male's life.0.99
00:38:36.400So you are exactly right, Clay, to suggest that if we reduce homicide 50%, the beneficiaries are0.99
00:38:41.980overwhelmingly going to be black males who are currently dying from gun homicide at a rate that0.80
00:38:46.820is 10x that of white males now talk to me about shifting a little bit but still in the criminal
00:38:50.700justice uh zone here the this situation in we have turnstile jumping in new york it's been a
00:38:57.620big problem for a long time bart which is the san francisco light rail their their mass transit
00:39:03.860trains set up i've never actually taken it but i've read about it they decided that enough was
00:39:08.420enough in san francisco and they put up plexiglass so that you had to pay to get in what did this
00:39:14.940resulted because i think it's an incredible story actually it's it's wild i mean it is resulting in
00:39:19.680an estimated additional 10 million dollars in annual income for the system which is important
00:39:24.160because more people are going to be paying their fare if they want to get in but the most important
00:39:27.660thing that it has resulted is in a 41 percent decrease in crime within the bart system last
00:39:32.660year um that that is amazing and it's enormous and what that tells you is that there's a massive
00:39:38.180overlap between the sort of people who jump the turnstile to break into the system without paying
00:39:42.880and the kind of people who cause and wreak havoc within that system after they hop that turnstack.
00:39:47.620Well, Clay, and this is just, you know, it's also, by the way, I read in that analysis
00:39:50.700that the amount of time spent cleaning up graffiti, cleaning up just, you know, people leaving, like, you know, stuff everywhere,
00:39:58.180you know, human waste, you know, needles, exactly, like, not, you know, not leaving a sandwich wrapper,
00:40:02.720but leaving, like, real, you know, biohazard stuff, all of that results in less city man hours spent.
00:40:10.820So you're saving money on that and you're getting more money and you're having less assault.
00:40:14.220And yet Mom Donnie here in New York, his big thing, Clay, addresses Raphael, wants to make the buses free.
00:41:00.960It becomes more attractive to law abiding people who will then flood into the system and use it more.
00:41:05.260And that makes the city more attractive.
00:41:06.600If you take the central public transit system that is the lifeblood of a city like New York and you allow it to fall into the hands of vagrants, of open-air drug users, of homeless encampments, of criminals, then it's going to be less attractive.
00:41:21.820That's going to make the city less attractive, and it doesn't work that way.
00:41:24.780You need to get that part right, and it's just simply a matter of political willpower.
00:41:30.400Sheridan Gorman, we talked about this yesterday on the program.
00:41:33.520We could point to a bunch, Lake and Riley.
00:41:35.860What does the data reflect about illegal immigrant crime?
00:41:40.020Because we always hear, oh, you know, the illegal immigrants commit crimes at a much lower rate.1.00
00:41:57.700I mean, the people who make this claim confidently about illegal immigrants committing crime at a lower rate,
00:42:02.280I mean, it's not that they necessarily shouldn't be believed, but we have to understand that those analyses are based on only a handful of jurisdictions that make that data available.
00:42:11.240Most of the country is not tracking the immigration status of the people that come into contact with the criminal justice system.
00:42:16.220So we don't have systematic data to suggest this.0.86
00:42:19.020Moreover, it's kind of silly to aggregate a group as broad and diverse as illegal immigrants together and suggest that they have one crime rate and they all have the same likelihood of committing a criminal offense.
00:42:31.400Right. Those that group has different subgroups that will offend criminally at wildly different rates. Right. So maybe illegal immigrants as a whole don't commit crime at a higher rate than Native Americans do.0.94
00:42:43.540But maybe illegal immigrant males between the ages of 18 and 25 who cross the southern border illegally as opposed to overstaying a visa from South Central America or Mexico.
00:42:54.880Maybe they have a higher criminal offending rate than most other Native American subgroups.
00:43:00.400Last question for you. I love this. Buck, we could maybe do an entire deep dive on this because I think the data matters. You mentioned earlier, and it's so true, that any time you talk about crime and you point out the truth, which is young black men both commit and are victims of crime at statistically infinitely higher rates than their per capita population would be, there's big discussions about racism and, oh my goodness, how dare you have this conversation.
00:43:26.120Is that conversation actually occurring more frequently now or are the so-called censors or racism screamers, are they still diluting our ability to have honest discussion about where crime is and who the victims are?
00:43:39.100Yeah, I do think that there is some sort of fatigue on the part of the public with regard to this debate. I mean, we were all treated to firsthand examples of what happens when the other side of this debate gets to make policy. And that was the massive crime spike that we saw in 2020 and persist through 2021 and 2022.
00:43:57.280And two, we're finally starting to get things on the right track, in part because the political posture of the country has changed on this issue.
00:44:03.520You have seen a lot of state legislatures rolling back some of their prior criminal justice reforms in places like Louisiana and Tennessee, adopting new tougher laws in places like even Colorado with truth and sentencing or California with Prop 36.
00:44:17.320You're seeing a lot of progressive prosecutors around the country over the last several years lose their races, lose their reelection bids.
00:44:24.000So I do think that there's less tolerance for that line of argument within the American public.
00:44:30.300And that, I also think, explains, at least in part, why we are enjoying some success on the crime front.
00:44:35.580We need to get you back on, because I think the idea of driving down murders to 10,000 in a year is one that should be universally embraced.
00:52:16.260He said over the past few years, Citadel principals and team members, including non-residents, have paid $2.3 billion in city and state taxes.
00:52:30.560And he said Griffin himself, Buck, has personally donated $650 million in charitable gifts to support New York City.
00:52:41.760We have 2,500 colleagues who have chosen to build their careers.
00:52:46.060here we understand our hard work and success will on occasion make us targets but it should not
00:52:52.380diminish what we are doing we should be applauding ken for spending millions in new york city not
00:52:59.060attacking him said bill ackman uh this is a big deal buck because when you are targeting people
00:53:05.100for the what they're doing in the city i'll be honest with you if i was ken griffin i'd be like
00:53:10.900peace out bye mom donnie you handled all this five billion dollar shortfall that you have
00:53:17.000you put my family in a more dangerous situation by taunting me outside of my building after a
00:53:23.540health care ceo was executed on the streets of new york city i'm sorry i would be like i'm out
00:53:30.320you were talking about this off air if where i live if a local politician showed up in front
00:53:35.800of my house and said clay travis lives behind here he's not paying his fair share i would i would
00:53:42.140find a new place to live i wouldn't want to own property there we have that uh we have the clip
00:53:46.560actually of mom donnie's little class warfare video taking a swipe at ken griffin play it
00:53:51.040when i ran for mayor i said i was going to tax the rich well today we're taxing i'm thrilled to
00:53:56.940announce we've secured a pied-a-terre tax the first in new york's history this is an annual
00:54:01.400fee on luxury properties worth more than $5 million, whose owners do not live full-time
00:54:06.120in the city. Like for this penthouse, which hedge fund CEO Ken Griffin bought for $238
00:54:11.120million. This peer-to-tear tax is specifically designed for the richest of the rich, those
00:54:15.600who store their wealth in New York City real estate, but who don't actually live here.
00:54:18.940Most of the time, these units are sitting empty, since again, they don't actually live
00:54:23.000here. This is a fundamentally unfair system that hurts working New Yorkers. Now, it's
00:54:28.200coming to an end i believe everyone has a role to play in contributing to our city and some
00:54:32.700a little bit more than others clay he's it's tough to know you know we just had rafael monguel on who
00:54:39.880is a brilliant guy we really enjoy talking about crime i i wanted to keep going too this is when i
00:54:44.080wish we had like a three-hour podcast instead of having a break for uh for commercials just to be
00:54:48.520able to go through we'll have him back again because there's so much more to talk about um0.71
00:54:52.400But the Mamdani, is he ignorant of economics or is he malignant and just lies or pretends not to know more?0.95
00:55:01.780I think it's the latter, which is actually worse.1.00
00:55:03.940I agree with you because I don't think it's possible to be as dumb about these things as he is.0.99
00:55:11.980He would rather just push through things that hurt everyone as long as they are rhetorically focused on his class warfare targets, people like Ken Griffin.
00:55:24.520Let me just say, his whole premise here that storing money in New York City but not living there is bad, that is exactly what you would want if you were trying to deal with a high city budget.
00:55:36.960You want people that have a minimum of services and put a tremendous amount of money into the local economy.
00:55:45.120They're not even there. Great, because they're still having to pay taxes on the residents.
00:55:51.200They're still putting that money into real estate here, which has an effect on all the other real estate in that building, in that neighborhood.
00:55:59.080Investment, development, growth. These are good things.
00:56:03.080This is why we are now a country of people who have so much entertainment that we don't even know what to do for entertainment, who have so much food that our biggest problem is keeping our mouths closed and not shoveling in more delicious food, that have so much clothing that fast fashion or casual fashion, as in buy it, wear it once, is a huge multi-billion dollar industry unto itself.
00:56:26.320that have so much money in the automotive industry