00:04:24.440I don't know how he is at answering questions.
00:04:27.180But I have no reason to expect that he's a particularly nimble or effective witness.
00:04:32.000And so you're going to have some very vigorous questioning.
00:04:35.220And I will say, listen, James Comer, we've had James Comer on this podcast for a two-part interview.
00:04:42.220If you didn't listen to that, by the way, you ought to go back and listen to our two-part interview with James Comer.
00:04:47.760You ought to go back and listen to our two-part interview with Jim Jordan.
00:04:50.900Both of them, we did a deep dive in terms of those House investigations and what they've revealed to date.
00:04:57.180My counsel to House Republicans when Hunter Biden testifies in an open hearing is, remember, the reason this is an issue of public concern is not about Hunter.
00:05:10.480It is not because he's some poor sad sack with a substance abuse problem.
00:05:14.960The reason this is a matter of public concern is Joe Biden.
00:05:18.780The reason this is a matter of public concern is the evidence indicates that Hunter Biden's business was selling favors from daddy, from Joe Biden, to corrupt oligarchs in Ukraine and Russia and communist China.
00:05:31.780And so the focus needs to be on Joe Biden, on the corruption of the president of the United States, on the evidence that the president of the United States sold favors, on the evidence that the president of the United States solicited and received bribes.
00:05:46.280And so I hope that House Republicans can keep that front and center.
00:05:53.220But there's no doubt when Hunter testifies, it is going to drive a whole lot of news.
00:05:58.700Senator, is there any hope that we will ever get to see real justice coming out of the House that could possibly move somewhere when it comes to the Biden crime family?
00:06:10.820Do you feel like we are getting closer by the way that Comer and Jordan are doing this methodically?
00:06:17.300There have been a lot of, I say, Monday morning quarterbacking and armchair quarterbacking from a lot of people on social media are saying,
00:06:25.200we've screwed this up, we've gotten nowhere, they promised to do something, they haven't done it yet.
00:06:50.000I think laying out the evidence for the public matters enormously.
00:06:52.880I believe the House should already have impeached Alejandro Mayorkas.
00:06:57.480I believe the House should already have impeached Merrick Garland.
00:07:01.740And, you know, when it comes to impeachment of Biden, I think they're getting very, very close to having the evidence to impeach Joe Biden as well.
00:07:10.940The question on all three of those is will they have the votes in the House?
00:07:14.620So the House Republicans have an exceptionally narrow majority.
00:09:20.080And this is the third of our woke triumvirate in terms of facing the consequences for their ideology,
00:09:25.580which is that Disney recently filed its annual SEC report, a report that every public company is required to file.
00:09:33.360And here's what they were forced to publicly disclose.
00:09:36.240Quote, we face risks relating to misalignment with public and consumer tastes and preferences for entertainment, travel, and consumer products.
00:09:48.160And it goes on to note, quote, the success of our businesses depends on our ability to consistently create compelling content.
00:09:58.340Quote, generally, our revenues and profitability are adversely impacted when our entertainment offerings and products,
00:10:07.260as well as our methods to make our offerings and products available to consumers, do not achieve sufficient consumer acceptance.
00:10:14.260Further, consumers' perceptions of our positions on matters of public interest, including our efforts to achieve certain of our environmental and social goals,
00:10:24.620often differ widely and present risks to our reputation and brands.
00:10:32.240Now, that is one of the most stunning corporate disclosures I've ever read.
00:10:38.660Because what that means is, number one, Disney has lost billions of dollars.
00:10:43.900The phrase, go woke, go broke, Disney has sadly embodied that phrase.
00:10:48.580I am sure Walt Disney is spinning in his grave at horrors at what has happened to his namesake.
00:10:54.800But the fact that they put this in their SEC disclosures means, number one, the money they're losing is so significant.
00:11:03.200Number two, their projections for future money that they're going to lose are so significant that their lawyers said,
00:11:11.040damn it, you have to acknowledge this in the disclosure or else you will be sued for misleading investors.
00:11:19.880In other words, we must write these words so that when investors sue us and say,
00:11:26.720your executives are putting your woke politics ahead of profitability, ahead of producing entertainment that consumers want,
00:11:34.840ahead of actually producing family-friendly entertainment that kids are interested in and parents want their kids to see,
00:11:41.020that your politics matters more to you than making the business successful,
00:11:46.620they want to be able to point to this disclosure and say,
00:11:49.880no, no, sorry, you invested and we told you up front.
00:12:43.440This is Disney saying all along, yes, this is exactly what we're trying to do with your kids' minds.
00:12:50.080Yes, we are trying to use what used to be just innocent entertainment that you could trust your kid in front of Disney Channel or Disney movies.
00:12:59.900You no longer should have that trust with them.
00:13:04.780But look, there's reason to draw optimism from this third example, which is that for many woke corporations, I think they are feeling the heat and they're trying to change direction.
00:13:18.860You look at the CEO of Disney, Bob Iger.
00:13:21.680They brought him back because Disney was in such a world of hurt.
00:13:25.900They had screwed it up so badly that Bob Iger came back and he is seeking, in his own words, to, quote, quiet things down after putting politics front and center.
00:13:36.680Now, Iger presumably signed off on this corporate disclosure, and that may be a consequence of trying to pivot Disney back.
00:13:44.020Now, they're not doing a great job of it because the problem is that they have built a culture where their executives are invested in this woke ideology.
00:13:54.980And this is something I discuss at great length in the book on woke.
00:14:01.580But I talk about how all three of them, Disney, Bud Light, and Target, lost billions and billions of dollars.
00:14:09.480And number one, it's had an impact on all three.
00:14:11.960But number two, and this is where you should be encouraged, it is, I hope and believe, a powerful deterrent for other CEOs and other corporations that are sitting there saying, I don't want to be Bud Light.
00:15:53.460And it goes on to describe that on December 20th, 2022, a fellow by the name of Topher Olive went to McDonald's in the town of Post Falls, Idaho.
00:16:04.660And he ordered a limited edition, smoky, double quarter pounder BLT with fries and a Sprite.
00:16:38.140I mean, look, I've been going to McDonald's for as long as I can remember.
00:16:42.100And you used to be able to get a burger and fries and a Coke for five, six bucks.
00:16:48.520You know, when prices got more expensive, maybe it was seven or eight dollars.
00:16:53.960But $16, there's a reason voters are pissed.
00:16:58.700And this goes right to the heart of it.
00:17:00.320Then when you have Joe Biden and Kamala Harris and Chuck Schumer and Nancy Pelosi spending trillions and trillions of dollars that we don't have, borrowing trillions and trillions of dollars and running the printing presses days and nights.
00:17:12.500Because we see inflation taking off and the result is it's 16 bucks to go to McDonald's.
00:17:18.840As before, if you want to hear the rest of this conversation on this topic, you can go back and download the podcast from early this week to hear the entire thing.
00:17:27.520I got to tell you about our friends at Blackout Coffee.
00:22:33.400And in fact, ironically, so Jimmy Kimmel I blast in the book, and I talk about how, you know, instead of, like, actually having real humor,
00:22:44.720we now just have angry leftists standing there screaming, I hate Donald Trump, Donald Trump is the devil.
00:26:03.140And he's got, you know, in the movie, he's got, like, a little mustache that he wears.
00:26:10.080And so I saw Michael, I saw everyone at the premiere last night, and I was giving Michael enormous grief, saying, you know, you really need to keep that stache, Michael.
00:26:18.560I mean, it really does kind of, it has sort of a B-level porn star actor look.
00:26:25.720Like, you know, I said, Michael, you're rocking the Ron Jeremy look.
00:26:28.880And I think it really, it's worth continuing.
00:26:32.720Thankfully, he had the good judgment not to follow my advice on that front.
00:26:35.800As always, thank you for listening to Verdict with Senator Ted Cruz, Ben Ferguson with you.
00:26:41.560Don't forget to download my podcast, and you can listen to my podcast every other day if you're not listening to Verdict, or each day when you listen to Verdict afterwards.
00:26:48.600I'd love to have you as a listener to, again, the Ben Ferguson podcast.
00:26:52.320And we will see you back here on Monday morning.