On today's show, Clay and Buck discuss the latest updates from the air campaign against Iran, including President Trump weighing in with his assessment of how this is going so far, concerns rising as the Strait of Hormuz has become a ghost town, not much shipping going through there because of concerns about Iranian reprisals, oil prices jumping a bit on that one, more on James Tallarico and the Texas Senate race, and much, much more.
00:00:54.180And I have to say, some of the chatter online is, guys, we have to hold some of these clips until closer to the election because some of them are truly astonishing.
00:01:05.320And the fact that Democrats believe that this is a person who will win a Senate seat in Texas, I wouldn't want this person in charge of the Mr. Softee stand on the corner.
00:01:41.240And also, I'm a little too excited about this, actually, but apparently it's not the first of its kind, but a rule, a rule for the skies.
00:01:53.900It has nothing to do with our airworn Iran, a rule for the skies when it comes to air travel that is, I think, in defense of Western civilization itself.
00:02:04.680I think, finally, the savages are on their back heels thanks to a United Airlines rule that if you'd, you know, Clay, I don't want to get into it right now because we have more important things, but this gets me very excited.
00:02:18.320And you know what it has to do with headphone usage on planes.
00:02:23.900The savages can no longer have their way with just playing their iPads and their phones with no headphones.
00:02:30.260So we all have to hear whatever garbage they're watching or listening to.
00:02:39.920We're going to have some fun and also talk about serious things that are going on right now.
00:02:44.120I love the James Tallarico story because this thing is just an utter disaster.
00:02:49.640We're going to go to Israel, by the way, at the bottom of this hour with Yael Eckstein and hear what it's like in Israel right now.
00:02:56.880And then our buddy Ryan Gerdusky is going to be on with us to talk some of this Tallarico and decision making as it pertains to the Senate landscape as the primaries have started.
00:03:06.460But, Buck, I think the biggest and most important thing about Iran right now, if you look at the overall trajectory of where we're headed, is what is the exit strategy for Iran in the context of to what extent are they going to reach a leader that we are okay with?
00:03:30.020Because I would suggest, I'm curious if you would, how you would analyze this.
00:03:35.140Iran's strategy right now, I think, is going to be, hey, we'll just take as many bombs as necessary.
00:03:41.560And the president is not going to stay committed to this long range.
00:03:46.180And all we've got to do is withstand four or five weeks of significant bombing, and then we'll stick our heads up, see who is still around, and we'll just elevate somebody.
00:03:59.740I think this is what the government in power right now is thinking.
00:04:02.840The next Ayatollah is not going to be a lot different than the past Ayatollah, and we will try to rebuild from the destruction that is there.
00:04:11.040I think the question is, to what extent is the new leader signed off on by America, and what is the time frame?
00:04:19.500Because I think the longer this goes on, the tougher it gets for Trump.
00:04:23.020But the reality is, when we're bombing from a distance, I don't think it really impacts a lot of Americans in a very significant way.
00:04:31.680Well, this is why I mentioned the oil prices situation.
00:04:36.520The oil prices spike is something that, certainly if this continues on, and if it happens along the lines of what we saw with the Russia-Ukraine war,
00:04:46.240where I think it got up to $120-something a barrel at one point because of concerns over access to fossil fuels, to natural gas and oil.
00:04:59.700So that's something that they have to take into consideration here.
00:05:02.540The Strait of Hormuz is a strategic choke point.
00:05:06.760About 20% of the world's global oil supply does go through that strait, and there are currently hundreds of ships, tankers, etc., idling.
00:05:17.520Not really sure where they're going and what they're going to do because they're not going to be able to enter or exit the strait under the current circumstance.
00:05:44.220Their leadership is just rapidly going.
00:05:46.800Everybody that seems to want to be a leader, they end up dead, and it's an amazing, amazing thing that's taking place.
00:05:58.500And he's saying, on a scale of 10, I would rate it about 15.
00:06:03.960Clay, Trump seems to be very pleased with how this is going so far, that we are in a position to essentially destroy all of the offensive capability.
00:06:14.820One of the big parts of this is tracking and destroying what they call the missile cities.
00:06:20.200Wall Street Journal had a big piece on this.
00:06:22.160These underground bunkers, essentially, where they store a lot of missiles, and then they have these mobile missile launchers.
00:06:30.060Those are like the first things that U.S. and Israeli planes are looking to pick off.
00:06:34.540Not only are we picking them off the moment they move to try to fire, but also we're destroying those bunkers in place, caving them in.
00:06:42.100And so, all of a sudden, thousands of missiles will no longer be accessible to the Iranian regime.
00:06:47.740The military outgunning that we are seeing right now is, I think, far beyond what a lot of people would have expected.
00:06:58.000And, again, one of the things that is so interesting, and you know this because you're a military history person as well,
00:07:05.480is conflict accelerates technological advance, and initially wars are fought on the technology of the past war.
00:07:14.900Everybody says, hey, this would have beaten the past war, and then you start to see an evolution rapidly.
00:07:21.620You've seen it with Ukraine and Russia.
00:07:23.220I think there is an argument, and I'm not sure how long it's going to exist, but I think there's an argument that boots on the ground is not a requirement anymore like it would have been in the past
00:07:37.980because you can find and track people through the technological sophistication and evolution that we have seen in a way that didn't exist in the past.
00:07:47.880And let me hit you with this question, Buck, because I was thinking about it this morning as I was doing my prep.
00:07:52.760When we did the first Gulf War, I think a lot of people thought, hey, we should have continued on.
00:07:59.380This is the one in 1990-ish, and we could have taken out Saddam Hussein.
00:08:04.400We didn't, and then we went back in in 2003 and all of the disaster that ensued from there.
00:08:10.380In today's technology, we would have just been able to wipe out Saddam Hussein without ever having to have the mass troops in the same way.
00:08:21.580And I wonder how that would have changed 1990 and 2003 if we had been able to decapitate Saddam Hussein like we did with the Ayatollah.
00:08:31.680And I do think that President Trump, who just said to Axios, Khamenei's son is a lightweight.
00:08:41.660There are reports that the Ayatollah's 40-some-odd young son is going to be elevated.
00:08:47.240I have to be involved in the appointment.
00:08:50.960President Trump to Axios, I have to be involved in the appointment.
00:08:55.520So the current kid that they're trying to elevate, I say kid, he's in his 40s, according to Trump, is a lightweight.
00:09:03.060And Trump says, I need to be involved in the choice that they make as to who the next leader is.
00:09:07.820So I think what you're seeing is the White House sees this as a Venezuela-like situation.
00:09:16.620Now, the wild card here is, is it possible that there could be people out there who are rising up inside of Iran?
00:09:27.280You're skeptical on that, that it's more difficult without us being boots on the ground to actually have a regime change.
00:09:33.960Well, I got to tell you, and we have so many veterans, GWAT veterans listening right now,
00:09:39.560many of whom served tours of combat in Iraq, many of whom served multiple tours, spent years of their lives over there.
00:09:50.460And you start talking about using the Kurds as the cleanup force for Iran, which is being reported all over the place.
00:09:56.680Now, the White House has said, no, no, we're not confirming that.
00:10:01.040But everybody who remembers the rough days in Iraq knows that the Kurds, they have a utility.
00:10:09.820They are good allies for what they are in the areas that are Kurdish.
00:10:15.500But the moment that you start telling people who are non-Kurdish that the Kurdish overlords, so to speak, have arrived, you get big problems.
00:10:25.400There's big problems in Iraq, and it could cause, I think, big problems in Iran.
00:10:30.200And I think that's why the administration knows.
00:10:32.580I don't think they're going to do that.
00:10:33.980I think they'll want the Kurds to just do what they did in Iraq, stabilize the more Kurdish portions of Iran.
00:10:40.660And the point here is, Clay, we've got to find somebody else that has some kind of federalist, unifying capability here to get them.
00:10:50.800First of all, you have to oust the people who still have control of the guys with the guns, which has not happened yet.
00:10:56.680And we've taken out the major military equipment.
00:10:59.440But until people aren't afraid that men with masks and AK-47s will come in the middle of the night and execute them in front of their families for speaking out, this thing is a long way from over.
00:11:09.420However, we have to get through that phase, which means we need somebody with ground strength of some level.
00:11:18.120And then we have to have somebody who will oversee a transition to elections and a basically I think what they want is a constitutional monarchy.
00:11:26.320Rather, I think that would be the best situation.
00:11:28.620You bring back the Shah, you have a constitution, you have elections.
00:11:31.880The Shah is kind of a figurehead for a period of time.
00:11:34.640Maybe that's the way, but this is the big missing piece here.
00:11:38.420I mean, I feel much better about what's going to happen in Venezuela, or I should say higher confidence level about what's going to happen in Venezuela over the next three years than Iran right now.
00:11:54.340I think the way we could get out is we declare victory, we allow someone that we don't think is actually anywhere near as bad as the Ayatollah to come to power.
00:12:13.480We have demonstrated that we can kill any leader of Iran basically whenever the president of the United States or Israel decides to do so.
00:12:23.200And I would think that if you get a new ruler that the president is in some way in favor of, that in the back of their mind knowing, wait a minute, that could be me too, makes it far more likely that they are going to follow the direction of the president and I think to a large extent Marco Rubio.
00:12:44.500And look, that's the deal that Delce Rodriguez has right now in Venezuela.
00:12:48.440If you read what happened there, they said, hey, we took Maduro.
00:12:57.480You either are going to work with us or we're going to take you out and prosecute you too.
00:13:03.380And I have to believe that those are the kind of conversations that are going to take place in Iran.
00:13:08.720Now, in an ideal world, you would end up with a constitutional monarchy and you would have sane rulers and you would have a brand new regime that comes in and Iran would become a flourishing marketplace of ideas in a way that it was prior to the rise of the Islamic Republic.
00:13:28.520So having a ruler that we know doesn't have the ability to get nuclear weapons is a supreme success.
00:13:36.700We said yesterday, if we could go back in time and keep North Korea from having nuclear weapons, the world would be much safer.
00:13:43.040Here we may well have done that for Iran.
00:13:46.280And what I come back to is this is the antithesis of what most politicians do.
00:13:50.580Most politicians just worry about the time when they're in office and then they leave big messes for the next politician to have to try to clean up.
00:13:59.500Trump is making here, to his credit, a generational decision that he will not personally necessarily benefit from very much in the next two years and change that he has to be president of the United States.
00:14:14.060And that is actually incredibly commendable.
00:14:16.660Trump is trying to do a lot of things right now that I think are generational in nature that will not inure directly to his benefit.
00:14:25.580In fact, if you look, as you mentioned, at the price of gas in the short term, it honestly has a political cost that is more substantial for him than the benefit that he will get out of it.
00:15:03.820If you took twenty thousand dollars from your savings account in 2006, exactly 20 years ago, and invested it in to gold, just gold, it would be worth about one hundred and sixty five thousand dollars today.
00:15:14.180That's more than eight hundred percent increase over two decades.
00:15:17.720Smart Americans have been diversifying a portion of their savings into precious metals like gold for years.
00:15:23.140And you can, too, by the way, with global instability concerns about oil markets.
00:16:48.320We appreciate all of you hanging out with us.
00:16:50.620We're going to talk with Ryan Gerdusky in the third hour.
00:16:53.420We were just talking with Yael Eckstein in Israel in the first hour of the program.
00:16:59.980Let's talk about a couple of things here, Buck, that I think are interesting on the American political front.
00:17:09.140First of all, the fallout of what happened in the Texas primary on Tuesday has led to reports that President Trump is potentially going to endorse and that he is ready to have a nominee in the Senate in Texas.
00:17:29.740What is that telling us about the landscape in general?
00:17:33.120I think it is that President Trump is really seriously focused on preserving the majority in the Senate.
00:17:42.280The House, I think, is going to be more challenging because there are a lot of different races to focus on.
00:17:50.660In the Senate, we've got a 53-47 advantage for the Republicans right now.
00:17:56.120Given that J.D. Vance breaks the ties, that means that Democrats would have to pick up four different seats.
00:18:03.320And if you look at the way the landscape of the different states are setting up, Maine is going to be tough for Susan Collins.
00:18:12.500That is a blue state that I know they break it up and that there is a red part of that blue state.
00:18:19.180But Susan Collins seems to be almost the only Republican that can win in Maine right now.
00:18:25.100You've got a really difficult race shaping up in North Carolina, open Senate seat.
00:18:30.020Michael Watley is going to be going up against Roy Cooper.
00:18:33.200Roy Cooper is a popular former governor who has been elected statewide before.
00:18:37.340So that is going to be a tough battle.
00:18:41.340And then you've got Georgia, which is probably the best opportunity of Republicans to pick off an existing seat where Ossoff is running.
00:18:50.260But you start to run through all these different maps and it almost becomes impossible for Democrats to win control of the Senate if Texas is preserved.
00:19:02.060And so I think President Trump is making a calculated decision about what exactly he wants to do to preserve that Senate majority.
00:19:12.400And you say, OK, what's going on with that Senate majority?
00:19:14.940I think there's a decent chance, Buck, that one of the older Supreme Court justices, maybe even more than one of the older Supreme Court justices, decides to step down.
00:19:24.840Given the fact that we have a basic majority gets a Supreme Court justice life tenure, I don't know how long it's going to be until Republicans have control of the Senate and the presidency again might happen this year.
00:19:39.040But you would like to have it happen for the next couple of years, given the ages that everybody is in the Senate right now.
00:19:45.900So there's going to be a lot of focus on the House and we know what they will do.
00:19:50.400It will become difficult to get anything through Congress at all.
00:19:53.920I would argue it's very difficult to get everything through Congress now.
00:19:57.380But Ken Paxton, who we just reached out to to invite on the program, has just said he would drop out of the Senate race if the SAVE Act were passed and they ended the filibuster in order to do so.
00:20:12.600I think this is an intriguing political situation that we're in because John Thune now, the leader of the Senate, is put on the hot seat a bit here because he knows that basically his preservation of a Senate majority is almost guaranteed if they pass the SAVE Act.
00:20:31.760But that is the challenge that we face.
00:20:36.920And again, we have an offer out to Paxton.
00:20:39.120There have been reports that Trump is going to endorse Cornyn, the sitting incumbent.
00:20:44.260One bit of update for all of you out there.
00:20:46.900There is a live press conference update in Austin, Texas on the shooter that killed multiple people in an Austin nightclub bar shooting scene.
00:21:00.180And so we were we are running on that and we will get you an update on that information.
00:21:06.480Although, Buck, I think, as we said on the program, when you show up in a Iranian T-shirt, kind of a suggestion that maybe you're acting out as a basis of terrorism for that behavior.
00:21:19.920So we will we will talk about all of that.
00:21:24.180Now, what's your assessment here, Buck, as you analyze this again?
00:21:29.720The Texas Senate to me, it's the the larger story here is President Trump sees that Texas Senate seat if it's in Republican hands.
00:21:38.100The map just doesn't add up for for Democrats very easily.
00:33:52.180This is from a guy named Michael Pruser who does the data on this.
00:33:56.040Let me hit you with some numbers because I think Governor Ron DeSantis and a lot of the Republican Floridian establishment has not gotten enough attention.
00:34:06.340And I do believe the story of Florida is occurring across many different states simultaneous.
00:34:12.800According to the most recent numbers that came out, this is the beginning of March, so through the end of February, Republicans now have an advantage of nearly 1.5 million overall voters in the state.
00:34:29.060That is 5.5 million registered Republicans in Florida.
00:34:35.000There are now about 4.4 million registered Democrats.
00:34:39.500Now, that's a pretty impressive overall outcome.
00:34:44.960But what's interesting, Buck, is if you go back to just – let's see, just 2016, right as Trump was coming into office, right before DeSantis came into office, there were just 4.5 million registered Republicans and there were 4.9 million registered Democrats.
00:35:05.540So Democrats have lost about 500,000 and Republicans have added roughly 1.9 million.
00:35:13.440Palm Beach County, which used to be a bastion of the Democrat Party, is going to flip red very soon.
00:35:22.620I believe that will leave only three counties, three or four counties total that even have a Democrat majority.
00:35:30.960So if you're out there and you're frustrated, and I get it, and you say, hey, who gets elected doesn't matter, and I know there are some of you out there in the market because we hear from them all the time, Florida, I think, is an incredible story about what happens when there are good policies put in place, when there are smart, committed Republican leaders put in place, and when they execute.
00:35:55.100And I would argue right now that Florida is the base of the Republican Party, and for those of you out there who can remember Florida as the ultimate swing state battleground in all of the nation, it's really kind of incredible to see, and sometimes we miss progress that is occurring because it's easier to focus on negative stories and it's easier to be upset on a day-to-day basis.
00:36:20.200But Florida is one of the greatest success stories in Republican Party history if you look at what's happened over the last decade.
00:36:28.400And you as a Floridian now, Buck, are part of that mass influx of people.
00:36:33.120I actually think Florida is poised to become even more of a leader in Republican Party circles going forward.
00:36:41.340It's really an incredible story, and I don't think it gets talked about enough in a positive way.
00:36:48.560Obviously, I live here, and I'm so pleased to see how well everything is going, so the numbers speak for themselves.
00:36:58.220Fortress Florida is stronger than ever.
00:37:01.020Ron DeSantis, who has stepped away from the national spotlight a bit in the last couple of years, but he has done a phenomenal job as governor,
00:37:09.320and I think there's still some very worthwhile stuff that he's trying to get through in his last year.
00:37:16.140And it just shows you that you can have reasonable, competent people in charge of state government.
00:37:25.740It is a thing that can happen, and it's a good thing when it happens.
00:39:04.480And I do believe that one of the big untold stories right now is Florida is an example of the census
00:39:15.720and how the census is going to swing in a really transformative way for the map.
00:39:23.360The map is not going to change until 2030.
00:39:25.700But the legacy of COVID, when you look at what's happened with Texas, with Tennessee, with Florida,
00:39:32.220there are a lot of other states to point to as well,
00:39:35.280is Democrats' ability to win nationwide elections is going to be severely curtailed starting in 2030.
00:39:45.980Now, 2028 is still going to be a battle that's fought on, frankly, a map that has shifted in Republican Party directions.
00:39:53.840But all of this is going to be, I think, a super important story that is not getting enough attention.
00:40:02.820And, Buck, this doesn't even take into account what I think the Supreme Court is going to do.
00:40:07.220And, again, this is not being, I'm trying to be positive here because there's so many things that I think don't get enough attention.
00:40:12.520I was thinking about the Florida numbers and the fact that people are voting with their feet because of the leadership of Ron DeSantis and others.
00:40:20.820But also look at what the Supreme Court's likely to do when it comes to race-based congressional districts.
00:40:27.960I don't think they're going to give their ruling in time to impact the 2026 midterm cycle
00:40:33.640because I think they're going to say it's too political.
00:40:35.480But they, I believe, are going to do away with race-based congressional districts.
00:40:41.540Right now it is considered constitutional to say, hey, we're going to have a majority black district
00:40:47.600and we'll draw that district so that it encompasses all these different interstates and neighborhoods.
00:40:53.500And you look at some of the most gerrymandered communities out there,
00:40:57.980many of them are race-based drawn districts for black voters.
00:41:02.700The country has actually become so much more diverse with Hispanic and Asian and other people of different backgrounds
00:41:09.960that this black-white dynamic and black-based districts I think are not going to be allowed.
00:41:14.860And you say, okay, Clay, what's the impact of that going to be?
00:41:18.620By 2028, that could swing 20 seats towards Republicans
00:41:25.580because those districts being not able to be gerrymandered that way.
00:41:30.240So if you think about that ruling, which I think is going to come down this summer,
00:41:34.900and then you think about what's going to happen with the 2030 census,
00:41:39.200and using Florida as an example of how population has shifted,
00:41:43.780the map for 2030 and beyond is going to be massively in favor of red states.